My Feedback on Ron Paul’s America Destruction Commercial

My Feedback on Ron Paul’s America Destruction Commercial

It’s all over the place, so you’ve probably already seen it. Former congressman Ron Paul appears in a commercial warning us about the coming "inevitable" total collapse of the American dollar – and with it, civil unrest and martial law. In fact, in his own words – or more appropriately, those of Stansberry Research, the outfit for which he is the spokesperson – this coming crisis will be “infinitely worse than the crisis of 2008”… and, of course “stocks and bonds will crash.”

To sum up both the short TV commercial and the entire 54-minute supposed warning, everything is basically going to grind to a halt and it’s going to be cataclysmic. But of course there’s a solution. Your family can survive this next crash if you buy Porter Stansberry’s America 2020: The Survival Blueprint publication for $49.50 or thereabouts.

Now here are my two cents on this.

All the commercials on TV and elsewhere seem to be suggesting that this apparent warning is coming from the former Congressman. However, when you visit the site to which the ad directs you, there’s a disclaimer – a.k.a fine print – at the bottom of the page notifying you that “Ron Paul is the spokesman for Stansberry Research, LLC.” I wonder why the commercial doesn’t make this connection up front, rather than burying it in the fine print. Could it have something to do with the fact that Porter Stansberry’s firm has a notorious reputation for making, quite frankly, outlandish claims about the destruction of our economic system and way of life that turned out to be full of hot air?

If my memory serves me, which I believe it does, this was the same outfit behind the claim that

America will totally collapse back in 2011. We are now more than halfway through 2015. The last time I checked, we are still here, in the United States of America. And we still have our economic livelihoods intact, for the most part. Now Stansberry’s firm want us to buy even more of their stuff?

As for former Congressman Ron Paul lending his credibility to this kind of message, this is a free nation, so he should go ahead and knock himself out. Personally, I will not be spending my 50 bucks or so on this so-called Survival Blueprint. I think that’ll get me couple weeks’ worth of my favorite vanilla chai latte. You draw your own conclusions.

All my best.

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Want an independent assessment to confirm that you are on the right track when it comes to saving for your retirement, including the money you will leave to your heirs? Come in so we can help you to  objectively evaluate your current approach. Visit LaserFG.com or call 877.656.9111 right now to book your complimentary session. 

Should You Get Out of the Stock Market Now?

Should You Get Out of the Stock Market Now?

Are we at the beginning of a stock market Armageddon that will grind everything to a halt? In the wake of the hoopla surrounding the situations in Greece, on the one hand, and China on the other hand, many investors are wondering whether now is the time to head for the exit. If that’s you, I don’t blame you at all. Heck, I would be scared too, just listening to some of these so-called “market experts” (notice the quotation marks) tell the rest of us without crystal balls what to expect.

So should you pull out of the stock market now, as some are suggesting? Obviously that is a crucial question – the answer to which, in my opinion, lies in one basic and indisputable fact about the stock market:

No one on the face of this planet – including your favorite media money guru, financial advisor, pastor, or member of Congress – can predict exactly where the stock market is headed. I'm sorry if you thought otherwise, but the stock market isn't a predictable thing. As an investor, you must understand this fundamental fact in order to maintain your sanity as you invest your hard-earned money. The only predictable thing about the stock market is that it will fluctuate – sometimes it goes up and sometimes it dips.

While it is true that certain events do impact the market, no one can actually predict the specifics of those events, let alone the extent to which they might impact global financial markets. Keep in mind that all these “experts” offering their interpretations of what is going on in Greece and China (or any other event in the past or future, I might add) come after the fact – as in, at the end of the trading day, week, month, quarter, year, decade, etc. Who couldn't come up with the perfect analysis of what happened after-the-fact? On Main Street, we call it Monday Morning Quarterbacking for a reason.

Take the past several days, for instance. One moment Greece and China are pulling the stock market into another crash. The very next moment,  the market is back in the green because Greece and China aren't that big of a deal. Seriously?

Don't get me wrong, though. I'm not implying that you should just throw your money into some stock portfolio and hope for the best. There is such thing as an efficient stock portfolio that is built based on sound principles, including recognizing that the market will indeed move up and down due to situations and circumstances beyond your control. I believe it behooves every investor to have a carefully crafted and properly diversified global portfolio, with true negatively and/or low correlated asset classes. And then to re-balance it when necessary.

Interestingly enough, there's overwhelming agreement in the financial planning community that this is precisely what a prudent investor should be doing. But in reality, most so-called financial advisors seem more focused on selling the next hot mutual fund or stock, rather than on keeping investors focused on the fundamental principles.

I don't know what the end game will be in Greece or China. However, this much I can tell you. When investors panic, they tend to make the wrong moves with their portfolios – and some pay for those mistakes for the rest of their lives. The fact is that whether Greece, China, or any other country goes down or not, if you don't have an efficient portfolio and a disciplined advisor, any significant hit could destroy your wealth.

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Want an independent assessment to confirm that you are on the right track when it comes to saving for your retirement, including the money you will leave to your heirs? Come in so we can help you to  objectively evaluate your current approach. Visit LaserFG.com or call 877.656.9111 right now to book your complimentary session.