Editor's note: Both Sean and Porter are traveling and unable to file today's Digest. However, our newest editor, Dr. David Eifrig, sent us an update on some of the opportunities he's researching for the maiden issue of his service, the Retirement Millionaire. We thought you'd enjoy hearing what he's up to...
I am absolutely convinced 2009 will be the most dangerous time of your investing career...
Some of the world's biggest companies have watched their stocks lose half their value, and many that claim to make money turned out to be crooks.
But here's the danger... While everything is cheaper than it was a year or two ago... that doesn't mean it's cheap. You can find plenty of experts proclaiming this is a "once-in-a-lifetime opportunity" to load up on stocks.
But the truth is nothing guarantees the stock you buy today won't be down significantly next year. I know lots of folks look at today's market and see fire-sale prices. But trust me when I say we're not there yet. In the 1970s, price-to-earnings (P/E) ratios hit five and six times, and yields languished around 7%. That's a far cry from here.
If you're counting on your investments to provide you income and stability in the near term, this is no time to rush madly into the stock market.
Instead, I'm researching a simple way to benefit from the outrageous amount of money the U.S. government is pumping into the economy, while we avoid conventional stocks. In the coming issue of Retirement Millionaire, I talk with one of my favorite "outside of the box" thinkers about this idea. We agree this is an unbeatable deal right now.
Also, I've just finished my research on an ingenious way to generate cash doing things we all love to do: eat potato chips, watch TV, etc. I didn't believe it when I first heard about it. But it's true. It's easy money.
Lastly, anyone recently diagnosed with cataracts must check out the interview I conducted with an old friend of mine. My friend is a board-eligible ophthalmologist in Florida who has discovered some surprising – and dangerous – facts about the way eye surgeries are handled in the U.S.
If you've been told you need surgery, you should hear from her before you go under the knife.
Warm regards,
Dr. David Eifrig Jr., M.D.
P.S. If you'd like to know more about the Retirement Millionaire and the opportunities I am researching, click here.