2020年1月30日星期四

Work Hard, Invest Lazy

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CASEY DAILY DISPATCH - Casey Research

Work Hard, Invest Lazy

By E.B. Tucker, editor, Strategic Trader

E.B. Tucker

You may have heard that the best investors are lazy.

It’s true. But that’s often misunderstood.

I’ve profited from being a “lazy” investor myself. But that’s because I figured out the real secret to “lazy” investing.

And today, I’ll explain how it’s helped me build a fortune. 

The Real Idea Behind “Lazy” Investing

In early 2009, I realized that the U.S. housing bust would create a generation of renters.

So I spent weeks looking into the housing market, studying patterns and researching what was going on.

I raised money and bought a large portfolio of single-family rental houses at rock-bottom prices… as low as 10 cents on the dollar.

Then, I got “lazy,” and waited for the gains to come.

Eleven years later, I’m still collecting income from those houses – they yield around 20% per year.

Over the past two years, I’ve helped other investors with this “lazy” strategy, too. I’ve spent many late nights and taken long field trips to research various ideas.

And the investors who followed my advice are already seeing the results… with three triple-digit winners right now… including one that’s soared 758%. 

What’s the secret to these big wins? Let me explain…

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Saying “Yes” to Opportunity

As far back as I can remember, I wanted to know how things worked. I had to try everything for myself. I didn’t want to read books about how things worked – I wanted to go meet an expert who would show me in person.

When I got into the stock market at age 20, my curiosity found a home. I spent the next decade buying and selling anything that I felt I had an edge in. But more important, I said “yes” thousands of times to new opportunities.

I took thousands of shots. I went to annual meetings. I listened to earnings calls. I waited in line to shake hands with company executives just to see if they had a firm grip and solid eye contact.

A good example was during the 2002 recession. In the wake of the tech bust and the 9/11 tragedy, the U.S. economy ground to a halt.

The Federal Reserve stepped in to do something unprecedented, which today seems normal. It lowered interest rates and pumped money into the stalled U.S. economy.

I had to know what this would do to stocks. I knew some sectors would thrive, but I had to figure out specifically which ones.

Doing the Legwork

You see, I don’t go to a textbook for the answer to something like this. I wear out my phone (it was a landline back then), get on a plane, and go. I keep asking questions until I get the pieces of the puzzle needed to make a decision.

In this case, I figured out that lower borrowing rates would boost the construction and development business. I needed to buy steel, wood, and concrete providers in key states likely to see big growth.

I found newly listed Rinker Materials. The Australian company made a play in the U.S. market, buying up concrete providers in Florida and Nevada. Both of these markets see quick growth when money starts flowing.

I needed to know how the concrete business worked, and fast. I drove to Bushnell, Florida and showed up at the Rinker office. I told the manager I was a shareholder and wanted to see how the place worked.


Me sitting in the driver’s seat of a Rinker truck

He told me, “We’re sold out for the rest of the year.” He said business was so good recently, they couldn’t take on any more scheduled work until the following year. That was enough for me.

I paid $22.82 for Rinker shares in early 2004. Then, I got “lazy” – I sat on them for three years.

This is what I mean by “lazy” investing. You want to do the legwork before you buy the stock… not after.

If you act lazy before you buy a stock, you’re probably going to put your money into riskier plays – and you’ll end up doing more work trying to salvage your portfolio when things go south.

Instead, you want to find stocks that you can buy and hold through any short-term volatility… and sit back and relax as they take off.

Bringing It All Together

I eventually sold Rinker for $79.25 a share – a 247% profit. Concrete giant Cemex bought the company the same year.

I ended up with a great yield, too… nearly 15% on my buy price.

Over time, I had winners and losers. I bought into great stories. Some worked out, others didn’t. But I was never afraid to learn about and invest in something new. In fact, I sought it out.

I refused to be “lazy” until after I made up my mind and bought the stock.

Again, this isn’t luck. It comes down to experience and discipline.

I’m constantly talking to people, traveling, attending shareholder meetings, and doing boots-on-the-ground research.

It’s how investors are sitting on gains of 114%... 127%... and even 758%.

And today, something else is on the horizon… and every smart investor who wants these types of gains needs to have it on their radar.

They’re called “Omega Shares”… and 99% of Americans have no idea they exist. They’re not stocks, bonds, options, or cryptos. Yet I’ve used them to make a fortune multiple times…

And now, I’m ready to help you do the same. In fact, I’m betting you can walk away with an extra $121,000 in a single year if you follow my strategy.

I’ll share all the details in my Explosive Profits Summit on Wednesday, February 5 at 8 p.m. ET.

In fact, I’ll be giving away a free “Omega Shares” recommendation. So go right here to sign up and reserve your spot today.

Regards,

signature

E.B. Tucker
Editor, Strategic Trader


Reader Mailbag

Today in the mailbag, another reader offers his outlook on America’s conflict with Iran, after Doug Casey said Trump’s assassination of Iran’s top general will only make tensions worse…

I'm not defending Trump – some of the points are valid. But to ignore all that happened during the Obama/Kerry years indicates a blind spot. Doug is lumping Trump in with the neocons – unfair. Just look at the situation with John Bolton, a neocon on steroids. Trump did not follow his advice and fired him.

Is Iran with a nuclear weapon not a threat? One thing the “hoi polloi” have no clue about is Sunni vs. Shia Muslims, a major issue since the latter consider their ayatollahs to be God on Earth. Blow up infidels and here's your 72 virgins.

We know that the assets unfrozen by Obama, plus the $1.7 billion in secret funds in multiple currencies on pallets, were not used to improve the lives of Iranians.

When Bush left office, the national debt was less than $9 trillion. Thanks to Obama, it was over $20 trillion by the time he left office, and Trump has only accelerated deficit spending. In light of this, are you going to tell me keeping low interest rates in place is not important?

– Stephen

We appreciate all the feedback we receive from readers. Please keep sending your questions, comments, and concerns to feedback@caseyresearch.com.


Casey in the Media

Editor’s note: Regular readers know that back when gold was trading at $1,237 an ounce in 2018, E.B. called for the metal to hit $1,500 an ounce in 2019.

The naysayers doubted him. But in August that year, gold broke the $1,500 mark… and it now trades around $1,583 an ounce.

So during this new gold bull market, it pays to listen to E.B. And he recently made a bold prediction on where gold is headed next in an interview with Kitco News at the Vancouver Resource Investment Conference. You can catch the full interview by clicking on the image below, or by going here.


In Case You Missed It…

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The legendary investor who predicted (and profited from) the 2008 market crash, the bottom of the housing market, the crypto boom, the crypto bust, and gold at $1,500 just released his 6 big predictions for 2020.

Right now, claim this FREE report and see E.B. Tucker's biggest predictions for 2020. And On Wednesday, February 5th, watch as legendary investor, E.B. Tucker, details an entirely new way to see an extra $121k a year using a secret investment 99.99% of Americans have never heard of.

Click here to register and to claim your FREE report now.

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