Tuesday, September 30, 2008

Protecting Your Private Property From The Bankers & Government




Dr. Martin Weiss is the investment advisor and the Raters of the Raters of banks, brokerages, bonds, stocks, funds, investments and the corporate rating services themselves, e.g. Moody as well as Standard & Poors. http://www.martinweiss.com/about/martinweiss.asp
You can link here http://www.moneyandmarkets.com/EventsandFeedback/PressReleases.aspx?Weiss-Research-Presents-The-X-List-Webinar to see his video, clips of which are highlight above FYI.




Top Chart

Click on the chart and you can see his short list of the brokerage firms. If you have funds in a Money Market Account in any of these brokerages you should know they are NOT guaranteed. While it is very rare to see any brokerage MMF fail, maybe I have heard of one or two in my investment life time, he is advising only use the Treasury Bill MMF.

The capital multiple represents the number of times that brokerage is capitalized over the minimum required by the SEC. Any with a rating above 5 to 6 is OK he says. Any with a rating above 5 to 6 is OK he says. The SPIC will also insure register brokers up to $500K Dr. Weiss says per customer and $100K for cash per client.
Dr. Weiss is recommending use of only MMF in Treasury Bills as they are guaranteed by the U.S. Government. All other MMF are typically short term bank paper. The interest rates on these are significantly lower than other MMF but they are to totally secure. Or he says you can invest directly in Treasury Bills through the U.S. Government. There is no limit on how much you can invest or the guarantee of the T Bills.


Second Chart


Here are the best banks. A = Excellent, B = Good, C = fair, D = Weak, E = very Weak. You want to be in a bank with an A or B he says. If you are in a D or E bank, he says get out. If you are in a C or D, monitor it very closely.


You can go here http://www.thestreet.com/ and go to Portfolio & Tools Tabs and then go down to Banks & Thrifts screener you can work your way to input your own bank for its ratings. Only enter the FIRST PROPER NAME OF YOUR BANK, if that doesn't work try the next key word.


Third Chart


Click on this chart to see the worst banks and their ratings



Miscellaneous

He says to avoid bank stocks, keep your savings at any bank under the FDIC insured amount of $100K. I was reading even the FDIC funding is running low with all the bank failures. He also says to NOT COUNT ON THE GOVERNMENT TO SAVE YOU IN ANY SITUATION. Amen to that!

Dr. Weiss expects interest rates to hold for the short duration but to start climbing back up eventually.

Just as we build a fence around our land and our homes to protect us from outsiders and to protect what is our private property from straying outside; we must ensure there is a virtual fence around our investments that are protected by the highest safety ratings possible to meet our risk vs. reward tolerances.

He is also a hard money advocate always telling his investors to allocate some of their investments to gold or silver or any precious metals that go contrary to the market. I recommend his newsletter which may be found at most library, otherwise on his site for a subscription.

Seek professional advice on all investing matters for honest sources. Easy to say hard to find.

Here is one source I have tracked for decades. Mark Hulbert is a prince among the trackers of financial newsletters and a genius in statistics. Seek his newsletter and site at http://www.marketwatch.com/newscommentary/newsletters. He levels the hype and tracks how each of the financial pundits portfolios compare to the indexes. Very few financial advisers beat the indexes.

Last and certainly not least is the American Association of Individual Investors at www.aaii.com. I have been a member on and off for decades. They deal in investment facts not hype and help educate you and give you tools to protect yourself.

Keep yourself safe at all times, your powder dry and your private property secure from any entangling alliances of the government or brokerages or bank speak. Do not believe anything they say. Perform your own due diligence and even then check with someone else you trust to make sure you are not being scammed. Ponzi schemes abound and these con men and women are the best of the best in deception. They know what you want to hear and believe. Even season investors, like myself, have fallen into this trap after doing months of due diligence.

You want to hire private investigators to do thorough background checks on anyone you do financial business with. And even then, you want to make sure they are registered with an active legitimate, well heeled and high rated brokerage or bank that will stand up and be liable for any fraud they com mitt.

Let the buyer beware cannot be understated during any period in time.

May God Watch Over Us and Wake Up The Sleeping Tiger Once Again to Reclaim Our Rightful Position as a nation based on free choice for all.


Jack Venrick
Enumclaw, Washington

P.S. Thank you Roni for "kicking me in the but" to get this out.

2 comments:

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Steph said...

Hello,

I am leaving you a comment..finally. Good job. Keep the faith. It is always darkest before the daw, It is VERY dark now, so it should be dawn pretty soon.

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SV