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Published: September 15, 2009
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.
--
Dr. Steve Sjuggerud
Editor
True Wealth |
