When I got to Wall Street, I already thought I was a hotshot.
In college, I had read Barron's and other financial newsletters. I wasn't like the other new recruits who rarely turned past the sports page.
When I got to the trading floor, I learned what the real experts read... Grant's Interest Rate Observer.
It's an insiders' letter, that's for sure. I like to call it "the research that nobody and everybody reads." If you ask everyday people, nobody's even heard of it. But once you climb to a certain level of investing pros and money guys, everybody has.
By everybody, I mean investing legends like Jim Rogers and George Soros. That meant young guys like myself wanted to read it, too.
In fact, one of my favorite Barron's columns in the early days was Jim Grant's "Current Yield." I learned a lot of things from Grant. And by that I mean the way things really worked, not just what they were teaching in my finance classes.
His stuff is dense. And that's where the value is. You don't read Grant's to get repetitive news that tells you what you already know. This isn't CNBC or Yahoo Finance.
You read Grant's to get a new view on the markets... one that makes you read and reread his analysis until you walk away with a different view on how to make money.
That's what I try to do in my letters. And what I try to do in my life.
We all end up in a mental routine. It's a lot easier to sit back and watch another dull sitcom than to challenge your notions and absorb new ideas. But challenging new ideas are how we grow and keep our minds sharp.
Grant does that... And he can make you money at the same time.
I could listen to Grant talk for hours... even days. I've breezed through his books, Mr. Market Miscalculates and Minding Mister Market more than once.
And one of my favorite thoughts as I go through his research...
Only a small handful of people ever even know that this stuff exists. And I'm one of them.
That handful gets even smaller at Grant's annual conference. It takes place next week.
It's an exclusive event that few people are permitted to attend.
I've attended in the past and I can tell you what I've learned from his conferences – the new ideas, the stock market analytics – is priceless.
And this year, my good friend and Stansberry Research founder, Porter Stansberry, will be reporting on all the speakers and events. He's even hosting a Q&A interview with Grant himself.
This isn't just a conference that I'm talking about... It's an in-depth experience that not even the world's most renowned investors get. You'll be able to watch talks and see our analysts digest and expand on the ideas presented.
When a speaker goes deep on finance, our guys will be there to explain what you may have missed.
Remember, investors only beat the market when they have better information than the masses. This conference is where that information circulates and takes shape.
To find out more about gaining access to Porter's live feed from this premium event, click here.
Now let's get to some of our own Q&As...
Q: Has Doc published lists of food to purchase and store in case of economic or other types of calamities? – D.O.
A: The absolute best food for emergency prep is canned soup. It's the main surplus food supply I keep in my own home. It's compact and easy to store. It will give you many of the nutrients you need. And it keeps for a long time.
But eating cold soup during an emergency isn't great for morale. I recommend keeping a small metal stove and a backup supply of fuel tablets or Sterno fuel. Camping-goods maker Coghlan's sells a folding emergency stove along with 24 fuel tablets for less than $10 on Amazon.
I also recommend stocking up on peanut butter. It's a great source of protein, dietary fiber, some carbs, and fat. Just be sure to get natural peanut butter that's just peanuts and salt, without added sugars.
Other good foods include canned vegetables and canned meats and fish, like chicken, tuna, and salmon. Just make sure you're checking the expiration dates and throw out any cans that are bulging. That means the food has spoiled.
Q: Where can I see your older YouTube videos? – K.G.
A: You can find a full playlist of our Weekly video series right here. And don't miss today's video, where my research writer Amanda Cuocci gives a look at some of our favorite medical resources to help you take control of your personal health. Click here to watch.
Are you living a millionaire lifestyle? Our free daily letter is your guidebook:
What We're Reading...
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Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Retirement Millionaire Daily Research Team
October 6, 2017