You are receiving this email because you signed up to receive our free e-letter Skousen Investor Cafe, or you purchased a product or service from its publisher, Eagle Financial Publications. [Skousen's Investor CAFE] [Forecasts & Strategies]( [Fast Money Alert]( [Five Star Trader]( [Home Run Trader]( [TNT Trader]( Take Warning: Time to Adopt $croogeâs Three Rules By Mark Skousen
Editor, [Forecasts & Strategies]( 12/08/2022 Sponsored Content ["The Bull Market Is Officially OVER"]( Bear market expert issues his top 10 stocks for 2023 [Learn More]( âSave your money, nephew! Pennies saved today are dollars in your pocket tomorrow!â -- Uncle Scrooge McDuck One of the grand traditions during the Christmas holidays is to read Charles Dickensâ short story âA Christmas Carol,â or watch one of the many film productions about the miserly Ebenezer Scrooge who turned his life around and became a generous soul on Christmas Day. Now that we are experiencing a bear market during the holidays, itâs time we adopt a âScroogeâ philosophy with regard to our investments and personal finance. Of course, Ebenezer Scrooge was a miser and not very charitable until he had a change of heart on Christmas Eve. Personally, I prefer the Disney character, Uncle Scrooge McDuck. When I was growing up, one of my favorite comic book heroes was Uncle Scrooge, who was created and drawn by Carl Barks. I have a signed poster of one of Barksâ drawings, which features Scrooge McDuck diving into his money bin. Iâd like to think that, subconsciously, this comic book hero encouraged me to be successful in life. As a young man, I was fascinated by Uncle Scrooge, his adventures with his three nephews, his ingenuity in discovering new ways to make money and his ability to thwart the schemes of the thieving Beagle Boys. I have endeavored to pass along these boyhood memories and lessons to my children and grandchildren. Here I am reading about Scrooge McDuck to four of my grandchildren. The photo above shows me teaching four of my grandkids about money by reading an Uncle Scrooge McDuck story on Thanksgiving. Each child is holding an American Eagle Silver Dollar, part of their money bin! The issue, âUncle Scrooge and Money,â is a first edition, released in 1966 and written and illustrated by Carl Barks. Dickensâ character of Ebenezer Scrooge was a miser, but Uncle Scrooge McDuck was more like âThe Richest Man in Babylon.â He watched his expenses but didnât just sit around counting his money. Instead, Uncle Scrooge McDuck put it to good use by creating new businesses and investing in successful enterprises. [The Fed's 'Wrecking Ball' [There's Only One Way To Dodge It]]( According to Top 20 Living Economist Dr. Mark Skousen... The Federal Reserve's moves are about to get even more dangerous... Forcing everyday investors to make panic-fueled decisions. To learn all about the Fed's "wrecking ball" -- and what Dr. Skousen is doing with his own personal investments -- [click here now.]( Three Grand Principles In applying the Scrooge philosophy to investing, there are three rules to remember:
- Always be cost-conscious; watch your expenditures and live within your means and keep saving; make the most for every penny you spend.
- Always do your homework; go out and check the facts yourself.
- Look for bargain opportunities to make money in business and the markets.
Unfortunately, the saving rate in the United States is now near an all-time low. See the chart below. Beware! Too many people are living paycheck to paycheck. As Russell Sage once said, âAny man can earn a dollar, but it takes a wise man to keep it.â (âMaxims of Wall Streetâ, p. 26). Kevin OâLeary said it best: âGetting rich is easy if you follow three rules: save more, spend less and invest the rest.â Sadly, not enough people follow these simple rules. Here are some other quotes from âThe Maxims of Wall Streetâ: âEconomy is a great source of revenue, and no revenue is sufficient without economy.â -- Seneca and Ben Franklin âWhether itâs socks or stocks, I like buying quality merchandise when itâs marked down.â -- Warren Buffett âIf a stock is a good investment at $20, itâs a steal at $10.â -- Howard Gold âUnless thereâs fear in buying a stock, you canât make big money.â -- Robert Wilson First Edition of â$crooge Investingâ Found! In the early 1990s, I wrote a financial book based on Scrooge McDuck called â$crooge Investing,â which was published by Dearborn Financial Publishing. The updated editions were published by McGraw Hill. Iâve been cleaning out my garage and, lo and behold, I found another box of classic Skousen books, which are out of print. This time, I found 40 copies of the first edition of this 1992 edition: First-edition copy of "$crooge Investing". These books have been out of print for decades and are hard to find. Some of the information in the book is out of date -- it was written before the internet came along -- but much of the advice is still sound, such as:
- Invest in no-load mutual funds with low expense ratios, like Vanguard.
- Buy stocks commission-free through dividend reinvestment plans (DRIPs) and discount broker firms like Charles Schwab.
- Buy closed-end funds at discounts up to 40% (and avoid new issues of closed-end funds).
- 10 pointers on âPenny Pinching on Penny Stocksâ -- valuable advice, even today.
- Where to buy the lowest commissions on gold and silver coins (Camino Coins, one of my favorites listed in the book, is still around!).
- How to make money in income-producing rental properties (John Schwab, my favorite real estate guru, is still around giving sound advice: [johnschaub.com]().
- Saving money and avoiding scams in life insurance, foreign bank accounts and collectibles.
Plus, the opening and closing chapters entitled âThe Scrooge Philosophy of Investingâ are timeless. There are 40 copies left. Iâve decided to sell these copies on a first-come-first-serve basis to my subscribers. Today, you can buy these collectorâs volumes on Amazon or eBay, but they are unsigned. If you purchase through me, Iâll autograph and date each one and mail them to you for free if mailed inside the United States. The price is only $37 each, a bargain! To order, go to [www.skousenbooks.com](. When they are gone, they are gone. [How to Find Sleeper Trades (Fast)]( It's finally spring! So brush off the hard losses of the winter because itâs time to rebuild that portfolio. 2022 started off incredibly volatile, but every great trader knows volatility equals opportunity. And A.I. traders know how to find those opportunities... In the tools built for volatile markets. If you haven't applied A.I. to your trading yet, now is the time to really consider it. [Join our next Free Live Training here and take advantage of 1 full hour of A.I. market forecasts for cryptos, stocks, ETFs, Futures, & Forex.]( Upcoming Conferences Orange County California AAII Investment Meeting, January 14, 2023: Iâll be speaking at the Orange County, California, chapter of the American Association of Individual Investors (AAII) on Saturday, Jan. 14, at 9 a.m., on the topic, âInvesting in 2023: Should You be a Bull, Bear or Chicken?â The address of the meeting is The Center of Founders Village, 17967 Bushard St., Fountain Valley, CA 92708. To reserve a spot, email Stephanie at sdavis388@gmail.com. There is a nominal charge for attending. EconoSummit, March 11-12, Ahern Hotel, Las Vegas: Once again, my wife, Jo Ann, and I will be speaking at this popular annual event, sponsored by the Investment Club of America. Two keynote speakers have been confirmed: John Fund, senior writer for National Review and an expert on geopolitics; and Floyd Brown, publisher of the Western Journal and author of the new book âCounterPunch.â Other speakers will be added soon. The price is only $99 per person if you register before Jan. 1. (After that, it goes up to $199 per person.) Most importantly, I urge you to reserve your room at the Ahern Hotel as soon as possible for only $159 a night. Call 1-725-414-4800 and use the code HighMark to get the discount. Our conference is during March Madness, when hotel rates will surge to over $300 a night. So, I recommend you book your room now. For more details, go to [www.econosummit.com](. Good Investing, AEIOU, [Mark Skousen] Mark Skousen
Presidential Fellow, Chapman University
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[FreedomFest]( [You Blew It!] LeBron James Refuses to Condemn Chinaâs Human Rights Abuses
By Mark Skousen
Editor, [Forecasts & Strategies]( Iâm a big sports fan. Itâs part of a well-rounded life. I not only play many sports, but I enjoy watching the World Cup as well as professional baseball, football and basketball. Itâs also an opportunity to take a break from politics and business. Unfortunately, in recent times, the sports arena has entered politics and has taken stands on various hot issues. In particular, the National Football League (NFL) and the National Basketball Association (NBA) have been vocal about racism and the police, among other topics. And yet⦠In the World Cup, the Fédération Internationale de Football Association (FIFA) has been silent on labor abuses in the building of football stadiums in Qatar (it is alleged that several thousand workers died during the summer months). The NBA, Nike and the NBA's top player, LeBron James, have spoken out in favor of Black Lives Matter and against police brutality. But, when it comes to their relationship with China, including the use of slave labor to make Nike shoes, they are oddly silent. LeBron did comment briefly last year after Houston Rockets general manager Daryl Morey tweeted in support of Hong Kongâs anti-government protests. LeBron James responded: "I donât want to get into a feud with Daryl Morey, but I believe he [Morey] hasn't been educated on the situation." Seriously? Apparently, it's LeBron James who needs to be educated about human rights abuses in China and Hong Kong. The one NBA player who has spoken out, Enes Kanter of the Boston Celtics, has been released. He is on a one-man crusade against the Chinese Communist Party and its human rights abuses, from the imprisonment of Hong Kong publisher Jimmy Lai and thousands of other political prisoners to the million Uyghur Muslims in concentration/reeducation camps in Xinjiang to the never-ending lockdowns. Kanter is now a free agent and has added âFreedomâ to his name. If the NBA is going to play the political game, itâs time we call out the grotesque hypocrisy of the Nike-NBA industrial complex and its biggest star, LeBron James. About Mark Skousen, Ph.D.: [Mark Skousen]Mark Skousen is an investment advisor, professional economist, university professor, author of more than 20 books, and founder of the annual FreedomFest conference. For the past 40+ years, Dr. Skousen has been investment director of the award-winning newsletter, [Forecasts & Strategies](. He also serves as investment director of four trading services: [TNT Trader]( [Five Star Trader]( [Home Run Trader]( and [Fast Money Alert](. To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. View this email in your [web browser](. This email was sent to {EMAIL} because you are subscribed to Mark Skousen's Investor CAFE. To unsubscribe please click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company
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