We sold everything… Yup, that’s right. We sold everything and headed for the hills, more or less. If you missed my alert last week, you might be surprised to learn that our portfolio is now comprised completely of... Read More
Jimmy Butts is the Chief Investment Strategist for Maximum Profit and Capital Wealth Letter, and a regular contributor to StreetAuthority Insider. Prior to joining StreetAuthority, Jimmy came from the financial services and banking industry where he worked as a Financial Advisor. There he specialized in providing customized retirement solutions for individuals. Jimmy graduated from Boise State University with a degree in business administration and finance. He also spent multiple years studying language, international business and finance in both Germany and Buenos Aires, Argentina. At one point he held his series 6, 63, 65 and 26 securities licenses. When he's not combing through financial statements or reading about finance, Jimmy enjoys being outdoors.
Analyst Articles
The Time Has Come… Exit Stage Left
June 17, 2022
In last week’s issue, I warned, “Right now, we’re enjoying the boom part of it (energy stocks). But rest assured, the bust will happen and that’s when our mettle will be tested.” I don’t know if this is the start of a broader meltdown in energy stocks, but I… Read More
You’ve undoubtedly heard of the robber barons. These affluent industrialists were considered some of the wealthiest — and most successful — businessmen of the 18th and 19th centuries. (The term originally appeared in the August 1870 issue of The Atlantic Monthly magazine.) The most famous robber barons have become standard… Read More
Well, it’s official. After flirting for weeks, the S&P 500 officially closed into “bear” market territory yesterday. For context, a bear market is defined as a pullback of at least 20%. I’m not sure how the 20% mark became the invisible line to determine a “bear market.” There’s not much of a difference between a 19.8% decline compared with a 20.1% decline. It’s just as painful whether it’s officially a bear market or not. But I digress… Despite some of the most tumultuous sessions we’ve seen since the initial days of Covid, most of my holdings over at my premium… Read More
Well, it’s official. After flirting for weeks, the S&P 500 officially closed into “bear” market territory yesterday. For context, a bear market is defined as a pullback of at least 20%. I’m not sure how the 20% mark became the invisible line to determine a “bear market.” There’s not much of a difference between a 19.8% decline compared with a 20.1% decline. It’s just as painful whether it’s officially a bear market or not. But I digress… Despite some of the most tumultuous sessions we’ve seen since the initial days of Covid, most of my holdings over at my premium services have held up fairly well. In fact, some have fared downright fantastically. What’s our secret? Well, it’s really not a secret at all… If you’re a regular reader, you know that I’ve been heavily recommending oil & gas stocks since January. And even if you don’t then you probably know that most energy stocks weathered the storm better than other sectors. And while I’m not sure if we’ve found a market bottom yet, our holdings don’t care… At various points, I’ve recommended names like Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Chesapeake Energy (Nasdaq: CHK), Suncor (NYSE: SU), and more…… Read More
Here’s a cold hard truth… most investors are terrible investors. The vast majority of investors are more like speculators and won’t make much in their brokerage accounts this year… or next... Read More