For
decades his magnum opus has guided millions
of investors on the path to financial
success through diversified index funds.
While
a small cadre of investors occasionally
outperform the market return substantially
it is rarely consistent.
90% of actively managed funds fail to
meet the returns of basic index funds.
Economics
Nobel Laureate, Professor Paul Samuelson
likened trading vs. investing as giving
a potent potable to the addict.
Our guest outlines research on financial
market bubbles, such as the dot.com bubble,
the Crash of 1929 and the Tulip Mania.
Dr.
Malkiel outlines key findings on ETF expense
ratios, offering guidance on the best
ETFs for optimal expected-returns.
Dr.
Malkiel prefers mutual fund investments
over ETFs to avoid the hidden costs associated
with the spread.
The
difference between the bid / ask, an expense
levied on the ETF purchaser.
Favorite
ETF alternatives include Vanguard and
Fidelity index funds.
Dollar-cost-averaging (DCA) on a regular
basis, i.e., adding funds to a portfolio
of index funds is highly advisable.
For
example, the recent 20% decline in US
equities offered significant discounts
to investors who deployed the DCA investing
methodology, essentially providing indirect
market-timing success without forecasting
or predictive modeling.
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Guest
Bios
Bill
Murphy
GATA.org
Bill
Murphy, GATA Chairman
Murphy grew up in Glen Ridge,
N.J., and graduated from the
School of Hotel Administration
at Cornell University in 1968.
In his senior year he broke
all the Ivy League single-year
pass-receving records. He then
became a starting wide receiver
for the Boston Patriots of the
American Football League. He
went on to work for various
Wall Street brokerage firms
and specialized in commodity
futures. He began as a Merrill
Lynch trainee and went on to
Shearson Hayden Stone and Drexel
Burnham. From there he became
affiliated with introducing
brokers and eventually started
his own brokerage on 5th Avenue
in New York. He now operates
an Internet site for financial
commentary, www.lemetropolecafe.com.
Dr.
Burton G. Malkiel, the Chemical Bank Chairmans
Professor of Economics at Princeton University
, is the author of the widely read investment
book, A Random Walk Down Wall Street. The revised
9th edition paperback of the book was published
in 2007.
Dr. Malkiel has long held professorships in
economics at Princeton , where he was also chairman
of the Economics Department. He was dean of
the Yale School of Management and William S.
Beinecke Professor of Management Studies there
from 1981 to 1987.
He is a past appointee to the Presidents
Council of Economic Advisors. In addition, he
currently serves or has served on the boards
of several financial corporations including
Prudential Financial and the Vanguard Group
and nonfinancial corporations such as Genmab
and Theravance. He has also served on several
investment management boards including the Investment
Committee for the American Philosophical Association.
He is a past president of the American Finance
Association and is a member of the American
Economic Association.
He is also the author or co-editor of eight
other books, the most recent of which are The
Random Walk Guide to Investing: 10 Rules for
Financial Success and Global Bargain Hunting:
An Investors Guide to Profits in Emerging
Markets, with J. P. Mei and From Wall Street
to the Great Wall, with others.
He holds a B.A. and MBA degree from Harvard
and a Ph.D. degree from Princeton Universities
and began his career in the investment banking
department of Smith Barney & Co.
Safe
haven assets are the investment
du jour amid record financial
volatility - Goldseek.com Radio
presents its new sponsor, Northern
Vertex Mining Corp. Americas
newest gold producer is focused
on low cost gold and silver
production and exploration in
the USA, at it's 100% owned
Moss Mine located in NW Arizona:
The
Northern Vertex Mining Corp. (NVM) team
has solid experience in every area of
operations, mine development, exploration,
acquisitions and financing of mining
projects.
The
NVM flagship Moss Mine is expected to
consolidate additional producing or
near-term production gold assets within
the Western US.
Through
mergers and acquisitions the NVM mission
includes reaching mid-tier gold producer
status at a rate of over 200,000 ounces
of
gold production annually.
To
find out more about Northern Vertex
Mining Corporation, listeners are
encouraged to direct their web browsers
to www.nothernvertex.com.
The
ticker symbol is NEE.v
and on the International Nasdaq OTC:
NHVCF.
The
Blockchain revolution is transforming
the global arena, disrupting every industry
in its path. Goldseek.com is excited
to introduce an off the chain opportunity
in digital gold and silver from our
friends at APMEX
and Sprott
Inc.
The
first online marketplace to offer
secure and convenient buying, selling
and redemption of digital PMs.
OneGold
uses VaultChain, a secure, immutable
blockchain ledger developed by Tradewind
Markets, the leading innovator in
digital precious metals distributed
ledger and blockchain technologies.
OneGold
digital gold and silver are 100% redeemable
through OneGold for delivery of physical
bullion to customers doors.
VaultChain
gold and silver are available for
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OneGold.com
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Easy
recurring transactions, makes passive
saving and dollar cost averaging the
gold price, as easy as a mouse click.
As
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VaultChain
sets the industry standard as a fully
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clients peace of mind and full transparency.
Blockchain
Conservation Imitative - Proof of Safe Tusk
(PoST)
The
host proposes a blockchain based, conservation
effort (PDF
Paper) to bring a stop to the cruel
and unnecessary ivory trade - if you know
someone who would like to get involved and
or support the effort, contact Chris at
gsr@hughes.net.
On
the cusp of a new year, season 14 of Goldseek.com
Radio, the head of The
Morgan Report rejoins the broadcast
with unique insights on the financial
markets.
Part II. - Peter Schiff &
Chris Waltzek Ph.D. - December 11th, 2018.