Investing Tools and Tidbits
I will share with you a few of the tools I use for investing as well as some tidbits. Yes, I said tidbits. Get over it.
What’s up everyone…thanks again for reading. I appreciate all your feedback and comments. Keep ‘em coming. Tell me more about what you want to hear about. I’ll make it happen.
Tools Of The Trade
This week is about some tools of the trade. What trade, you ask?
💰INVESTING💰
All kinds of investing. Stock market. Real estate. Physical assets. We have entered an era of value. Investing in REAL SHIT. Not NFTs. Not unprofitable growth stories. Not tech. Sorry, I said it. Value. Commodities. Energy. Housing (yes, housing). Metals. Uranium. Food. Land. Wheat. Soil. REAL things that people ACTUALLY need. That’s what I see for the next decade or so.
But first is education. Educating yourself is the most important thing you can do. Reading The Tobin Report is a start. 😎 And I thank you for that 😎 . But there is more out there than just me. I know, hard to fathom…but it’s really true. So this week I’ll share with you a few tools/websites I use to invest.
✅ Stock Market
Here are a couple platforms I use for my stock market investing. If you recall, I have a long term portfolio, an options trading account, and a swing trading account. My largest of these three is my LT portfolio, followed by my options account which is strictly used to sell puts for supplemental income. I wrote about this in a previous Tobin Report. You can read it HERE if you missed it.
☘️ Investing platform:
Easy to use, customer service is great
ZERO commission on MOST trades
Super easy for options trading
I’ve had an account for over 22 years and never had an issue
☘️ Charts, Watchlists, and Technical Analysis
BEST for technical analysis and watchlists
They have a FREE version, however, I use the upgraded PRO
I use this literally every day. Amazing charting tools. THIS has single handedly made me money since I started using it.
☘️ My Favorite Paid Service
Gareth Soloway’s paid service, well worth the money
He does a daily market video with charts, market recap
Great for position trades AND longer term portfolios
☘️ My Favorite Macro, Money, Mining Podcasts
Palisades Radio
Mining Stock Daily
Sprott Money News
The Korelin Report (KEReport.com)
Uranium Insider
✅ Physical Gold & Silver
Kitco is my #1 gold and silver dealer. This is where I buy my PHYSICAL gold and silver.
Delivered discretely to your doorstep. Delivery is insured.
This is a MUST have in our current financial environment - what happens when the dollar ultimately collapses? You’ll be glad you had physical gold.
The US dollar is literally a piece of paper built on trust. Do you trust the US government? Do you trust it will stop devaluing it? If not, own gold.
Thank me later
✅ Real Estate
Over the years, I have purchased real estate for cash flow investing in several states. I invest out of state for many reasons, but I’ll save that for another report. There is ONE state that is my favorite.
☘️ #1 State to Invest for Cash Flow
👉🏻 TENNESSEE
Low cost of entry
I can buy a $130,000 house that rents for $1,300
1% rule - monthly rent is 1% of purchase price
Low taxes
Easy eviction laws, unlike California
Growing population - growing economy
☘️ My Two Favorite Property Management Companies in TN
8% monthly management fees
Most of their clients are out of state investors; very responsive
8% monthly management fees
They have an inventory of homes they rehab, then sell to investors
FINAL THOUGHTS
As promised, I’ll finish with this little tidbit. (Side note, if you’re interested in the history of the word and where it came from, click Tidbit here). I digress.
As we enter into the depths of the Federal Reserve’s interest rate hiking cycle to fight inflation, take a look at where we are in the current bear market…and where we are likely headed. It ain’t pretty…
Look at the graph below and consider the following:
1️⃣ Column one is the start of each bear market in history, including the current one
2️⃣ Column two is how long it took to test the 200 day moving average after entering the bear market, including the current one
3️⃣ Column three is what happened to the S&P 500 after we tested the 200 average, NOT including the current one because we are waiting to make history
But what I can tell you is…we literally just tested the 200 DMA two weeks ago…
So if you are looking to “buy the dip”…understand what you are up against. Will we go -31% from here? -83%? Or more?
That’s it for this week. If you found this helpful, I’d ask you to share this with someone please.
Thanks again if you made it this far. And if you didn’t, I probably don’t like you anyway…and you probably aren’t offended because you didn’t read that. Boom.
Eric
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Put me on the podcast. Do a beginners episode lol