The severe financial crisis of 2008 was driven by a massive collapse in the American housing market along with a stock market nosedive — an economic downturn of subprime mortgage crises and credit crises that resulted in devastating unemployment and the Great Recession. It was one of the sharpest stock-market drops since the Great Depression, a plunge that was debilitating to investors as stock portfolios lost approximately 50% of their value. While that crash stemmed from the housing market, the next dow ...

The biggest myth in investing is that you need a fortune to start. We’ve all seen the headlines about millionaires and financial gurus, but the truth is, the most powerful secret to building wealth isn’t about how much you start with – it’s about the strategy you use.What if you could build a strong, diversified portfolio with just S$1,000? It’s not only possible, it’s one of the smartest things you can do. The real secret isn’t a magic stock tip; it’s a simple blueprint for starting small and letting time ...

The stock of Wheaton Precious Metals ( WPM ) has more than doubled over the past year, significantly outperforming the price of gold ( GLD ) but lagging the price of silver ( SLV ) (see chart below). The result is thatMichael Fitzsimmons is a retired electronics engineer and avid investor. He advises investors to construct a well-diversified portfolio built on a core foundation of a high-quality low-cost S&P500 fund. For investors who can tolerate short-term risks, he advises an over-weight position in the ...

Core Insights - The article emphasizes the importance of a diverse investment strategy that includes cyclical industries, bonds, commodities, and forex to optimize returns during economic recovery and growth [1]. Group 1: Investment Strategy - The investment strategy focuses on cyclical industries due to their potential for significant returns during periods of economic recovery and growth [1]. - A diversified portfolio is maintained, incorporating fixed-income investments to balance risk [1]. Group 2: Professional Background - The analyst has a professional background that spans multiple industries, including logistics, construction, and retail, providing a diverse perspective on investing [1]. - International education and career experiences contribute to a global outlook and the ability to analyze market dynamics from various cultural and economic perspectives [1].

This quiet trim shows how income-focused portfolios are adjusting as credit, leverage, and volatility collide.On November 13, Dallas-based McGowan Group Asset Management, Inc. disclosed a sale of 319,882 shares of the DoubleLine Income Solutions Fund (DSL +0.44%) (DSL), reducing its position by approximately $3.93 million.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 13, McGowan Group Asset Management, Inc. sold 319,882 shares of the DoubleLine Income Solution ...

Key Takeaways BRK.B enters a new era in 2026 as Greg Abel succeeds Warren Buffett as CEO, with Buffett staying as chairman.Abel has led non-insurance operations and served as vice chairman since 2018, prepping for the top role.Despite succession plans, uncertainty remains on how BRK.B will perform under Abel's leadership post-2026.The next year is expected to be a transitional year for Berkshire Hathaway (BRK.B) as Warren Buffett steps down from the position of CEO and Greg Abel assumes the role. Buffett’s ...

Here is an opportunity to diversify your portfolio with these three bank stocks, which could benefit from favorable conditions next year.Bank stocks might seem a bit dull at first glance, but they can actually be a solid cornerstone for your diversified portfolio. That's because many of them provide investors with stability and income through dividends. They can also help investors navigate the ever-changing interest rate environment if you play your cards right.Bank stocks could benefit from strong tailwin ...

Core Insights - Jim Cramer emphasizes the importance of not reacting to every market fluctuation and advocates for a calm approach to personal finance [2][3] Group 1: Investment Principles - Start investing early to leverage the power of compounding, as demonstrated by the S&P 500's average annual gain of 5.7% above inflation over the past two decades [5][6] - A $5,000 investment at a 5% annual interest rate can grow to $21,609.71 over 30 years without additional deposits, highlighting the benefits of early investment [7][8] - Having a clear plan of action is crucial before purchasing stocks, including understanding objectives, risk tolerance, and expected returns [9][10]

Royal Gold Conference Call Summary Company Overview - **Company**: Royal Gold (NasdaqGS:RGLD) - **Industry**: Precious Metals and Mining - **Date of Conference**: December 10, 2025 Key Points Company Growth and Financials - Royal Gold is experiencing significant growth with nine assets not yet contributing revenue, expected to generate $3 million per day for investment or shareholder returns in the March quarter [2][3][4] - The company operates a high-margin business model with consistent cash flows from precious metals, emphasizing its efficiency with a low employee count relative to revenue [4][6] - Royal Gold has a long history of over 40 years in the business and has been listed on Nasdaq for the same duration [5] Business Model and Strategy - The company focuses on royalties and streams, providing exposure to mining assets without operational and capital cost risks [5][6] - Royal Gold has a high percentage of gold revenue, the highest among large-cap peers, and has paid dividends for 25 consecutive years, increasing them annually [7][8][17] - The company prefers using cash and credit facilities for acquisitions, with equity offerings being a last resort [9] Recent Transactions - Royal Gold completed the acquisition of Sandstorm Gold Royalties on October 20, 2025, using shares to fund the transaction, which is unusual for the company [9][10] - The acquisition is expected to enhance cash flow and growth potential, combining cash flow from Royal Gold with growth assets from Sandstorm [24][25] Portfolio Diversification - The company has over 80 revenue-generating assets and more than 40 in development, with a total of over 200 assets at various stages [19][20] - Royal Gold's portfolio is highly diversified across operators, jurisdictions, and asset types, which helps mitigate risks and stabilize cash flow [21][22] - The Sandstorm acquisition reduced asset concentration, improving resilience against issues at major assets like Mount Milligan [22] Asset Highlights - **Back River Project**: Expected to contribute 9,000-10,000 gold equivalent ounces annually once at full production [28] - **Platreef**: Anticipated to produce 15,000-20,000 gold equivalent ounces per year, transitioning to production in early 2026 [31] - **Robertson**: Expected to produce around 6,000 gold equivalent ounces, with production anticipated in 2027 [33] - **Hod Maden**: A high-quality development asset in Turkey, expected to produce 30,000-40,000 ounces annually, with ongoing efforts to restructure ownership [34][36] - **Mara Project**: A brownfield project expected to start production in 2031, with a potential contribution of 22,000 ounces per year [42][43] - **Cactus**: A copper royalty project with a 22-year mine life, expected to contribute around 5,000 gold equivalent ounces annually [44][45] Market Position and Valuation - Royal Gold's share price has historically outperformed gold prices and major indices, with EBITDA margins around 80% [15][16] - The company is focused on improving market understanding of its valuation, especially post-Sandstorm acquisition, and aims to enhance trading multiples through debt reduction and increased dividends [57][58] Future Outlook - The company plans to provide a more detailed asset profile during an investor day in the first quarter of 2026 [24] - Royal Gold is cautious about capital allocation in the current gold price environment, prioritizing debt repayment while seeking growth opportunities [61][64] Additional Insights - The company emphasizes disciplined capital allocation and shareholder returns, with a focus on long-term growth rather than immediate high dividends [62][65] - Royal Gold's unique position as the only U.S.-domiciled company in its sector provides it with a distinct shareholder base and investment appeal [7] This summary encapsulates the key insights and strategic directions discussed during the Royal Gold conference call, highlighting the company's growth potential, diversified portfolio, and commitment to shareholder value.

Core Insights - The Vanguard Mid-Cap ETF (VO) is considered a staple investment due to its balanced exposure to companies of various sizes, which each offer unique advantages [2] - Mid-cap stocks are positioned between large-cap stability and small-cap growth potential, providing a favorable risk-reward profile [6] Investment Strategy - Long-term investment in ETFs is preferred, with a focus on maintaining a diversified portfolio to navigate different economic conditions [1][8] - The performance of VO since its inception in January 2004 has closely mirrored that of the S&P 500, with returns of 488% compared to the S&P 500's 490% [7] Market Dynamics - Large-cap stocks offer stability due to their established market presence and financial resources, while small-cap stocks present growth opportunities but come with higher risks [4][5] - Mid-cap stocks tend to outperform during early to mid-stages of economic expansion, making them an attractive investment during these periods [8][9]