Today, Porter shares the one investing secret that he plans to share with his kids. Here’s the best part for you. If a significant portion of your wealth is invested this way, you never have to worry about what the market is going to do.
In our report Dig Baby Dig, published on September 12, 2024, we recommended purchasing Albemarle’s 7.25% Series A Mandatory Convertible Preferred Stock, then trading at $42.89 per share. Our rationale was that the sharp decline in lithium prices had caused the stock prices of the companies, like Albemarle, that produce it, to fall too far.
The last great computer revolution (the internet boom) was run by multiple companies that controlled the key enabling technologies: Intel, Cisco, Microsoft, Apple, and Oracle. With the parallel processing revolution, Porter writes, it’s all Nvidia.
Today, we’re recommending a series of trades designed to reduce portfolio risk and raise cash. We plan to execute all five of these trades at the prevailing market prices on Friday, October 31.
In response to reader feedback, we are changing the format of our weekly updates to start with a brief executive summary of the portfolio and the key message, followed by the portfolio table and details at the end.
Our top three Best Buys this month include one of Porter’s favorite all-time companies, whose shares have fallen recently because of production costs. Plus an energy drink that is poised to soar.
The price of the bond featured this month has fallen sharply during the year – but our team believes the bond represents solid risk-adjusted value at current prices. We think the bond will ultimately be valued materially higher than it is today.
