Michael Lombardi, MBA

Michael Lombardi founded investor research firm Lombardi Publishing Corporation in 1986. Michael is also the founder of the popular daily e-letter, Profit Confidential, where readers get the benefit of Michael’s years of experience with the stock market, real estate, economic forecasting, precious metals, and various businesses. Michael believes in successful stock picking as an important wealth accumulation tool.

Michael has authored more than thousands of articles on investment and money management and is the author of several successful investing publications, including The Lombardi Letter for Wealth Preservation and Growth, Michael’s Monday Morning Profit Forecaster, Investing with Michael, Fountain of Money and Lombardi’s Crisis Profit Alert.

Michael has been widely recognized as predicting five major economic events: In 2002, he told his followers to get into gold; he told them to get out of the housing market in 2006; he predicted the recession of late 2007; he warned readers to get out of stocks in the fall of 2007; and he advised readers to get back into stocks in March 2009.

Married with two children, Michael received his Chartered Financial Planner designation from the Financial Planners Standards Council of Canada and his MBA from the Graduate Business School, Heriot-Watt University, Edinburgh, Scotland.

Get to know Michael…

What was your very first investment?

I bought my first stock when I was just 17 years old. Unfortunately, I quickly saw my $2,000 of hard-earned savings from summer jobs dwindle down to $1,000. Needless to say, I was determined not to lose money on a stock again.

How did you come to be so successful in investing?

After losing half of my first investment at 17, I started researching the market intensely. There was no Internet back then, so I read every book I could find on the topic and took every course I could afford. It didn’t take long for me to start making money with stocks, and that led me to launch a newsletter on the stock market.

How did you come to write Profit Confidential?

Back in 2001, I started a daily e-letter on the economy and the stock market—that was Profit Confidential. At first, I would send my daily “rant” to my colleagues and customers of Lombardi Publishing Corporation. As the popularity of Profit Confidential grew, I brought in two senior investment analysts, George Leong, B.Comm., and Mitchell Clark, B.Comm., to expand the breadth of Profit Confidential, along with guest economic opinion pieces from analysts affiliated with Lombardi Publishing. Today, daily circulation of Profit Confidential is in excess of 400,000.

Michael Lombardi's Articles

Last week we heard that the Bank of Japan became the fourth major central bank to embark on the path of the unknown world of negative interest rate policies. The goal of a negative interest rate policy is to boost lending by commercial banks, which in turn is…

With one month already behind us, moving further into 2016, the U.S. housing market looks like it’s on shaky ground. This could be the year when home prices decline—for the first time since 2011. Let me make my point very clear: I don’t expect the U.S. housing market…

The U.S. jobs market is fundamentally tormented. The job numbers look great on the surface but underneath, there are major problems. According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate declined from 5.7% in January of 2015 to just 5.0% in December 2015. (Source: Bureau…

So far in 2016, gold prices are up 3.4%. Meanwhile, the Dow Jones Industrial Average is down 7.7%. Don’t be surprised if this trend (gold prices moving higher, stocks moving lower) continues throughout the year, with gold prices ending 2016 much higher than they are today. Dow-to-Gold Multiple…

If you are a stock market investor, know that we may be headed for trouble, as we could see the stock market crash in 2016 for several reasons. First, we are seeing investors reduce their risk exposure to the stock market, as demand for small-cap companies plummets. Small-cap…

For 2016, I am outright bearish on the stock market. If you have been following my writings, you know my 2015 prediction was that stocks would fall during the year and that 2015 would be the year the stock market put in a major top. And that’s exactly…

Here in late 2015, almost each passing day, we get data suggesting the U.S. economy is headed towards a recession in 2016. Of biggest concern is consumer consumption, also known as consumer spending, which makes up two-thirds of U.S. gross domestic product (GDP). The chart below, courtesy of…

My theory on why the Federal Reserve raised interest rates this past Wednesday is one of those “I didn’t see anyone look at it from that angle” points of view. So here it goes... We all know that, according to the Bureau of Labor Statistics, the Consumer Price…

For 2016, a recession is becoming a more likely scenario than economic growth, confirmed by two leading indicators and these charts. Consumer Spending in U.S. Economy Slumps Consumer spending in the U.S. economy is in a downward spiral. Major retailers are complaining about not being able to drive…

While gold prices trade near a five-year low, central banks around the world are snapping up the precious metal. Between June and September of this year, the People’s Bank of China (China’s central bank) added 654 tonnes of gold bullion to its reserves. (Source: Reuters, November 30, 2015.)…

Silver prices may be down, but the precious metal shouldn’t be shunned by investors. Silver could be presenting a great opportunity for long-term investors. I follow one rule of investing; when not a lot of things make sense, go back to the basic economics of supply and demand.…

The stock market is becoming a dangerous place to be. Going into the New Year, my stock market forecast for 2016 is negative on the S&P 500 for the three reasons I outline below. Corporate Earnings and Revenues Are Contracting at an Accelerated Pace Rising corporate earnings and…

As chills went through our spines Friday night as the terrorist events in Paris unfolded, many of us here in America were likely asking, “Could it happen here?” The answer lies in history: 9/11 was the biggest terrorist event ever. While Homeland Security has done an excellent job…

On Friday, from the U.S. Bureau of Labor Statistics, we learned that the U.S. economy added 271,000 jobs in October and the official unemployment rate is now down to five percent, its lowest level since 2008. The average analyst expectation was for 180,000 jobs to be created last…

There is an important report on gold that was just released called the “Gold Survey 2015,” which was issued by GFMS Thompson Reuters. This in-depth report reveals three events I believe will have a positive impact on gold prices in 2016: Demand for worldwide gold coins and bars…

The stock market cannot continue to rally when corporate earnings and revenues are contracting. For the third quarter of 2015, earnings on the S&P 500 are expected to decline by five percent and revenue is expected to decline by 3.5%. (Source: FactSet, October 23, 2015.) If these are…

By looking at what giant heavy equipment–maker Caterpillar Inc. (NYSE:CAT) is saying, we’re already in a global recession. On October 22, Caterpillar reported its financial results for the third quarter of 2015. Its CEO said, “The environment remains extremely challenging for most of the key industries we serve,…