As an investor, it all comes down to this: Who do you trust to give you investment advice you can count on and profit from? Do you trust reporters and journalists who are telling you what happened yesterday? Do you trust stockbrokers who make their money when you buy stocks they recommend? Investment advice today needs to unbiased and independent. You should only pay for the investment advice you use and you shouldn’t buy that advice from someone who makes money off your trades. That’s what Profit Confidential is all about. Daily, we reach hundreds of thousands of investors providing them with unbiased investment advice from a stable of financial gurus with proven track records. Together, our editors have over one hundred years of investing experience…providing investment advice and analysis our readers have come to count on day after day.
Over the years, we have provided our readers with solid, money-making ideas.
For example, back in 2002, Profit Confidential began warning readers to get back into gold investments. This gold investment guidance and analysis proved to be extremely timely. Gold bullion was trading under $300.00 an ounce when we first started recommending it. Profit Confidential has also been ahead of the investing curve, successfully advising readers when certain sectors were on a downtrend.
Simply put, there is no support or interest in buying oil at this time, and that means oil prices could realistically hit $40.00 a barrel. Oil prices that low could cripple the global economy. Let me explain…The Decline in Oil PricesWhen the West Texas Intermediate (WTI) crude oil prices initially broke below $80.00, I was thinking. Read More
The Shanghai Composite Index (SCI) has been rallying and is up 9.3% this year as of Thursday, which is ahead of the Dow Jones Industrial and just below the S&P 500.However, playing the Chinese capital markets involves excessive political and economic risk. The country is also stalling, but continues to grow well above other global. Read More
The fact that consumer spending has not tanked in spite of unemployment being at over nine percent and expected to stay around this level through 2012, and continued weakness in housing is encouraging.
We have a likely debt default in Greece, pegged at a whopping 98%. Ireland and Portugal continue to struggle with muted growth and massive debt. Spain may be needing help. Bond yields are rapidly increasing in Europe in line with the risk levels. You can get a whopping 70% yield in Greek bonds, but then the bonds are likely to default. In comparison, the current yield on a U.S. 10-year bond is less than two percent. Germany and France are suffering due to their focus on the poorer nations. Germany is said to have no issues letting Greece default and then dealing with the debt crisis mess after.
I must admit the fact that consumers continue to spend despite any strong or sustained job growth and continued weakness in housing is encouraging. With consumer spending accounting for two-thirds of GDP, retail sales will eventually be stronger when the jobs and housing areas improve, albeit it will likely take over a year.