What The “$15 Million To $460 Million Man” Is Saying Now
By DailyWealth on September 11, 2009 | More Posts By DailyWealth | Author's Website
From 1998 to 2006, Rick Rule turned $15 million into roughly $460 million (before fees) for his customers.
Earlier this week, Rick explained what you should do with your money now. He was on a conference call for his Global Resource Investments (www.gril.net) clients. (I am a client of Rick’s. That should tell you something about how I feel about him.)
One thing that distinguishes Rick from his competition is this: He’ll tell you when it’s NOT a good time to invest. On the call this week, Rick told us that now is one of those times…
Rick thinks the overall markets will start to falter. And he believes a fall in the overall markets will bring down natural-resource stocks, too. That fall will bring the opportunity he’s waiting for.
Rick’s area of expertise is natural resources - like energy and metals. He says resource stocks are overvalued now and will follow the market lower. Eventually, the overall market and resource stocks will “bifurcate.” Then, resource stocks will soar while the rest of the market lags.
In previous conversations with Rick, he’s told me that’s why he’s still working… While his track record from 1998 to 2006 will be difficult to repeat, Rick thinks there’s an extraordinary bull market in natural resource stocks just around the corner… one worth delaying retirement. We’re just not there yet.
Looking five years ahead, Rick is “extremely bullish on energy prices.” He says the rise will be triggered by a fall in oil production from major producers. Oil production in countries like Venezuela, Mexico, and Iran will drop rapidly in the next five years. The opportunity is coming… but we’re not there yet.
Rick also says we could see a “once-in-a-decade” opportunity in the next 12 months in investing in natural gas. But once again, we’re not there yet.
Are we “there yet” in anything? Yes!
Rick is particularly bullish on alternative energy…
He’s only interested in alternative energy technologies that make sense WITHOUT government subsidies. This requirement narrows the list down to just a couple energy technologies and only a small handful of companies. (Out of respect to Rick and his business, I can’t share his exact ideas with a broad audience.)
Rick Rule is great at what he does. I have even more respect for him when he DOESN’T invest my money, which has been the case recently. During these times, I know he earns no commission or sales fee… but he’s doing the right thing, waiting for the right time.
Right now, Rick believes the overall market could fall and bring natural-resources stocks with it. So play defense. Take your tax losses, take profits, and set trailing stops on big stocks you want to own.
Then get ready. The big opportunities are coming in natural resources, possibly within the next 12 months. Rick could be wrong, of course. But his track record is hard to argue with…
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