Tuesday, November 21, 2006

Stocks To Be Thankful For and More

This is an excellent time of year to “take stock” of all we are grateful for in the stock market right now. Having just returned from the New Orleans Investment Conference I’m especially thrilled to report that I was able to meet and chat with some of my favorite investment “gurus”. When you are in the same room with such legendary folks as Mary Anne and Pamela Aden (who publish The Aden Forecast), Bill Bonner (of Agora Publishing and The Daily Reckoning), Doug Casey (who publishes the International Speculator, the Energy Speculator and the Casey Gold Report) and the three main “gurus” of the Oxford Club (Alexander Green, Lou Bass and Mark Skousen) one almost feels a sense of destiny. It was heartwarming to see the conference rooms filled with enthusiastic investors and passionate presenters. If you’ve never attended this renowned New Orleans event please, please plan on attending next year. The great investment ideas and insights you will receive will pay for your trip many times over.
What a year it has been for us personally. We’ve taken profits several times on the ups and downs of both the energy and precious metals stocks. Today we banked profits on good old Silver Standard Resources (Nasdaq: SSRI) and watched our other holdings make some sweet progress. Don’t you wish you were on the long side of Boeing (NYSE:BA) the past 10 months. Today’s 52 week high for the stock made some members of my family smile. Heavens to Betsy, it would have been hard not to make money in the stock market even if all you owned were some of the “boring” stocks like Verizon (NYSE:VZ), AT&T (NYSE:T) and Microsoft (Nasdaq: MSFT) or a little known star called Plains Exploration and Production Company (NYSE:PXP).
Getting back to the Oxford Club, their investment director Alexander Green has had some outstanding results from such companies as Celgene (Nasdaq: CELG), China Life Insurance (NYSE:LFC) and Equity Office Properties (NYSE:EOP). I’m telling you, as a long time club member I have been very impressed at how knowledgeable and prescient Alex and his protégé Lou Bass have been. If I were you I’d been looking into becoming a member of the Chairman’s Circle so you could participate in all the Oxford Club’s impressive trading services. These people are good and they are nice people as well. I think of Alexander Green as one of the best investment editors in the business today.
It is said that it isn’t just what you know that matters but also who you know. If you subscribe to and regularly read some of the most successful newsletters like Dan Ferris’ Extreme Value or Dan Amoss’ Strategic Investment you know what I mean. These are just two of the almost 20 newsletters we subscribe to and read regularly, and that is why we are filled with good investment ideas and capital gains.
It would have been unlikely we would have heard of such companies as Kennametal (NYSE: KMT) which has been very profitable for us in just a short time. Kennametal, Inc. engages in the development manufacture, and distribution of tooling, engineered components, and advanced materials consumed in production processes. Listening to the great ideas of the great investors of our day can be like going to bed early and arising early….it makes one healthy, wealthy and wise. Well, I’m not too sure about the healthy part, but it’s bound to contribute to your personal wisdom and wealth. How else would you or I have ever known about National Oilwell Varco (NYSE:NOV) a leading supplier of capital equipment and services to the worldwide onshore and offshore drilling rig fleet.
The happiest people I’ve ever known were folks who were grateful for all that this human life has to offer. They are grateful for their losses and what they have learned from them and they are grateful for their winners. They stop and smell the roses, and seem to remember how fortunate they are to have friends, family, sunshine and five amazing senses. They are the people who are always telling you that their glass is half full and sometimes more than half. Like my late mentor Harry Browne, they are thrilled with gratitude for every liberty and freedom we all so often take for granted. What a great time of year to be thankful for this amazing journey called life. Enjoy!!

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