Ask Doc It's a natural instinct, but one that could spell disaster for your finances...
Humans are hardwired to follow the herd. We're more comfortable thinking and acting the same way as the majority. It's a survival instinct that has kept us alive for hundreds of thousands of years. Safety in numbers meant you didn't get mauled by a saber-toothed tiger.
But when it comes to investing, the herd can lead you straight to disaster. Following the herd leads you to buy at the top and sell at the bottom... terrible advice.
That's why we're smart investors. We stay away from what we refer to as the "dumb money." We're not following the herd. We actively work against it. We're contrarians.
And following the contrarian way is something my good friend and Stansberry Research founder Porter Stansberry excels at...
Porter is one of the brightest and most interesting people I've met. He's a brilliant analyst. He has an understanding of markets, history, and finance that I've rarely seen.
Porter is a true visionary and is well known for his seemingly outrageous predictions.
He predicted the collapse of:
- General Motors,
- Fannie Mae,
- Freddie Mac,
- and General Growth Properties.
Porter's calls were controversial at the time, but he doesn't hold back. He gives folks his honest financial recommendations.
And today, he's coming out with his latest big call...
Porter's outlook is as grim as it has been for many years... And now, he's calling for the end of the bull market.
Investors have enjoyed an incredible year so far. The S&P 500 Index has hit record highs this year, largely driven by the "Magnificent Seven." Yet, as Porter points out, the fiscal well-being of our country and its people is very low.
Inflation continues to soar, 76% of Americans are living paycheck to paycheck, and the government is spending like the federal deficit isn't a problem.
When we're in the midst of a bull market – raking in gains the whole time – it's hard to picture it coming to an end. But this is the perfect time to make sure your portfolio is prepared to survive the next bear market.
Next Tuesday, July 30, Porter will detail the most important move you need to make to save yourself from financial ruin. It's something lots of investors ignore. And when the time for the bull market to stop comes, these folks will be hurting.
But if you follow Porter's advice, you won't be looking at a destroyed nest egg.
I urge everyone to take some time out of their day to watch. Click here to make sure you don't miss it.
Now, let's dig into the Q&A... As always, keep sending your comments, questions, and topic suggestions to [email protected]. My team and I really do read every e-mail.
Q: Hey Doc, you recommended eating eggs, but what about the cholesterol? Is that a concern? – M.N.
A: One of the longest-held myths around cholesterol is that you shouldn't eat too many eggs. Scientists have repeatedly debunked this claim.
In 1968, the American Heart Association recommended that people consume a maximum of three eggs per week and less than 300 milligrams ("mg") of cholesterol a day.
The organization reasoned that eating an egg yolk – which contains around 180 mg of cholesterol (in a large egg) – raised your blood cholesterol levels and increased your risk of cardiovascular disease.
However, when the egg industry challenged this restriction in the late 1990s, the research that followed didn't support the claim that dietary cholesterol leads to cardiovascular disease.
These restrictions were removed from the 2015 edition of the U.S. government's Dietary Guidelines for Americans.
And a study published in March from the American College of Cardiology adds to this evidence...
The researchers tested 140 seniors for four months and compared the effects of eating more than 12 eggs a week with eating less than two eggs. The researchers found no difference in cholesterol levels between the two groups.
This study is just one of many...
But despite the science, lots of doctors still closely follow the decades-old guidelines. And eggs aren't the only thing your doctor is getting wrong about your cholesterol.
In a recent issue of my Retirement Millionaire newsletter, I went into full detail on the dangerous cholesterol myths that the medical establishment keeps holding on to. Subscribers can find that issue right here. And if you're not already a subscriber, click here to join today.
What We're Reading...
- Did you miss it? There's a bull market happening outside of stocks.
- Something different: Bad news if you use Google Chrome.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Health & Wealth Bulletin Research Team
July 26, 2024