“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.”Warren Buffett
These are uncertain times for investors. There’s volatility in the stock market, uncertainty in the housing market, and massive unpredictability in the political arena. Let’s take a look at what’s happening and—most importantly—effective strategies for volatility that will keep you building wealth in any market!
The stock market: 2020 was a volatile year for the stock market. Lockdowns saw the market plummet, then making some recoveries later in the year. Now in 2021, we’ve seen crazy things happen with GameStop, AMC, and other businesses exploding artificially overnight.
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Kim and Spencer talk about what the difference is between guaranteed and non guaranteed cash value life insurance. You’ll learn how this affects you and your family’s finances.
Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at email@example.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- How to understand this – 1:25
- The future projection of payments of dividends – 2:10
- Dividends are not guaranteed to be paid – 3:33
- Using the Truth Concepts Software – 4:38
- What happens when a dividend gets paid – 6:57
- The whole idea of financial planning – 9:39
- What requires life insurance – 10:22
- Encourage people to move forward – 13:43
- A guaranteed and non guaranteed rate – 14:43
- What’s the guaranteed cash value? – 15:27
- Kim talks about her book and why you should read it – 16:59
Special Listener Gift
Kim Butler’s groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth… and what to do instead!
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“Formula for success: rise early, work hard, strike oil.”
—J. Paul Getty
2020 was a wild year for the oil and gas industry, to be sure! Circumstances brought a perfect storm of collapsed prices and demand.
About the same time the pandemic destroyed demand, Saudi Arabia and Russia got into a price war to see who could go the lowest. Prices edged down, from a high of $63.27 per barrel (WTI) in January to $20… $19… $18. Then, on April 20, the unthinkable happened: oil futures went into a free fall, finally bouncing at negative $37 a barrel.
“A barrel of oil is cheaper than the price of beer,” declared a CNBC headline. Demand had fallen so low, companies couldn’t give oil away! Instead, producers were paying tankers high fees to simply “park” oil temporarily.
What does that mean for oil investors—or potential investors now? Is oil still a good investment in 2021 and beyond?
Since 2020, crude oil prices have experienced a tremendous rebound. In February 2021, oil prices hit pre-pandemic prices of $60 a barrel. Similarly, natural gas prices, which bottomed out in April 2020, have rebounded.
So, is oil a good investment now? The short answer is “yes, it can be an excellent investment.” But first, let’s bust a few oil investing myths:
We get questions all the time about gold and other precious metals. Our clients want to know if gold is a good investment for these times. Should gold or silver be in their portfolio—and if so, in what form? We hear questions such as:
With a new recession upon us, is gold a good investment now?”
“Should I have precious metals in my portfolio as a general rule?”
“What kind of gold or silver is best? How should it be stored?”
And so on.
These are questions that only you can answer for yourself. Our best recommendation is to do what you desire in order to have peace of mind. However, we can provide some perspective that may help your decision-making!