As we celebrate our independence, let’s recommit to the fight for our financial freedom Happy Independence Day! We hope you’re having a fantastic holiday celebration with friends and family.
A quick reminder that our InvestorPlace offices, including Customer Service, are closed today and tomorrow. They’ll be happy to assist you on Monday when we reopen.
With the market closed today, we’re handing the Digest over to Charles Sizemore, Chief Investment Strategist at The Freeport Society.
If you’re new to the Digest, Charles is one of our most popular guest contributors. He writes the free newsletter, The Freeport Navigator. It’s for “free thinkers who crave life, liberty, and the pursuit of wealth” with topics that straddle the political and investment worlds.
This focus makes Independence Day especially near-and-dear to Charles – even more so in this age of cancel culture, political correctness, and forced speech. As Charles writes below “We want more 1776, less 1984.”
In today’s essay, Charles reminds us that freedom isn’t free, and neither is financial freedom.
He then provides a great example of the old-fashioned hutzpah that used to be respected in our culture. It’s a reminder of what Charles believes is important to be fighting for today.
Before we turn it over to Charles, a quick note…
As you’re likely aware, in the wake of the presidential debate, there’s a chorus of cries for President Joseph Biden to be replaced as the presidential candidate on the Democrat ticket.
Over in the Navigator, they’ve been talking about this possibility for months. The question they mulled was “who would replace Biden?”
To watch that video, which is now appearing eerily accurate, just click here.
And now, on to our guest piece from Charles.
Have a wonderful July 4th,
Jeff Remsburg ADVERTISEMENT  Did democrats just name Biden’s replacement for 2024? Louis Navellier predicts this “shadow candidate” could upend the entire election. Today is the Fourth of July – America’s Independence Day.
On this day in 1776, the Second Continental Congress approved the Declaration of Independence, “officially” severing our ties with the British crown.
Of course, declaring independence didn’t make us independent any more than me declaring myself to be as rich as Jeff Bezos would make me a billionaire. Actual American independence involved a lengthy fight that wasn’t resolved for another seven years… until September 3, 1783.
As I said on Juneteenth, freedom isn’t free . It may be an “unalienable right,” as Thomas Jefferson put it in the Declaration of Independence, but you still have to fight for it.
The same is true for financial freedom. Unless you were born rich, you have to roll up your sleeves and earn every last red cent. That’s the American way. And as long as there are red-blooded Americans willing to dream big, ignore conventional wisdom, and attempt the impossible, it always will be.
One of my favorite “cowboy capitalist” stories involves the great steamship and railroad magnate Cornelius Vanderbilt. In the early 1800s, New York gave the steamship operator Robert Fulton a monopoly on all steamboat traffic in the state’s waters. ADVERTISEMENT  Since the 1980’s, Luke Lango and his team have identified four different instances where a very rare “L Pattern” has appeared in the markets.
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Details here. Vanderbilt took issue with that. But rather than chafe under the abuse… or play the crony capitalist game of bribing a New York political boss… Vanderbilt simply ignored the law and busted the monopoly himself. Flying a flag on his ship that read "New Jersey Must Be Free," Vanderbilt personally ferried passengers from New Jersey to New York, charging lower fares and offering better service than the monopolist… all while staying one step ahead of the police. Eventually, the U.S. Supreme Court sided with him, declaring New York's monopoly an unconstitutional limit on interstate commerce. But as I just said, Vanderbilt didn't exactly wait around for their verdict. New Jersey must be free, after all! That's the raw, untamed spirit that made American capitalism the most powerful wealth engine the world has ever seen. As members of The Freeport Society, we are committed to fighting for our financial independence with the same vigor. We won't let socialists, crony capitalists, or other assorted finger waggers stop us from investing the way we like while upholding the principles of free minds, free markets, free enterprise, and individual liberty. We want more 1776, less 1984. America's Founding Fathers had it right in 1776. George Washington, Benjamin Franklin, and the other Founders believed in self-reliance, free speech, limited government, sound money, and avoiding foreign wars. They believed the government should enforce the law, protect citizens from foreign aggressors… and then generally leave the people and the free market alone. ADVERTISEMENT  According to legendary trader Tom Gentile, the next 30 days will be critical for AI stocks… as we enter the final phase of this AI boom.
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Reserve Your Seat Here Today, as we celebrate our independence, let's recommit to the fight for our financial freedom… together. Now, turn off your phone or close your laptop. Fire up the grill and cook some hotdogs. Wash them down with an ice-cold beer or lemonade. Hit the swimming pool. Toss a baseball with your kid. Or, skip the heat with a good movie in an air-conditioned living room Take a day to just enjoy living in the land of the free. We'll pick this up when the market reopens. Cheers to independence and the pursuit of wealth,  | | Charles Sizemore
Chief Investment Strategist, The Freeport Society | |
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