Welcome to Young's World Money Forecast Back After Nearly a Four-Decade Hiatus On the cover of Money magazine * Featured in Forbes * Profiled in The Wall Street Journal * EXPERIENCE Over 50 Years Experience Helping You Author of the Financial Armadillo Strategy YOUNG RESEARCH'S STOCK OF THE 90'S results HANDS-ON RESEARCH & WINNING RESULTS HARLEY-DAVIDSON 2016 1960 Shrewd investors score with the power of the thirty stocks in the DOW You don’t have to analyze 500 stocks when equal results can be gotten from just 30 stocks. Stick with the DOW 30 blue-chip giants. " " FOCUS Dow Jones Industrial Average S&P 500 Dow Jones Industrial Average Thirty Stocks Free Investment Letter - Sign Up Now Each month Matt Young writes a letter to clients of Richard C. Young & Co., Ltd. that is packed with insight and analysis on the global investment landscape. Sign up here to receive the letter as soon as it is posted. The letter is free, even for non-clients. Sign Up Here Matthew A. Young President and CEO Ranked by Barron’s as one of the top Independent Advisors
Richard C. Young & Co., Ltd.

Work to Make Money/Invest to Save Money

The U.S. government must finally wise up and put an immediate end to the insane double taxation of dividends.  The government, facilitated by the Fed, is in an ongoing war to destroy the value of the dollar by printing money beyond any reasonable rate of expansion. Simply take a look at real estate prices to witness the explosion in liquidity.  Do not let the government destroy the value of your retirement. Demand that the government ends the double taxation of dividends!   Originally posted October 17, 2017. With the exception of the large sums of money that I invested in zero-coupon treasuries (Benham Target Funds) in the 1980s and 1990s, I have never invested based on how much money I … [Read More...]

The Vanguard Wellesley Way

Vanguard Wellesley is a fund we have long admired at Young Research. It was once a go-to fund for clients, readers, close friends, and even dear family members. What gave Vanguard Wellesley Income so much appeal? Wellesley is the more conservative and younger cousin of the Vanguard Wellington Fund—the nation’s oldest balanced mutual fund. Over its almost 51-year history, Wellesley has invested an average of 65% in bonds and 35% in stocks. The bonds are primarily intermediate-term investment-grade corporates; the stocks are dividend-paying blue-chip names. Wellesley’s Baptism by Fire Wellesley was started in July of 1970. Not great timing for a fund with a bond-heavy … [Read More...]

Your Port Against a Storm.

I developed the Dynamic Maximizers® strategy to serve as an alternative to fixed-income portfolios in an era of historically low and manipulated interest rates. The Dynamic Maximizers® is a maximum safety portfolio, ideal for IRAs, ultra-conservative retired investors, and education savings programs. So far this century, stocks have cratered over 50% twice, with a third crash virtually baked into the cake because of total incompetence in Washington. My Dynamic Maximzers® strategy was a port in the storm during both the dotcom bust and the financial crisis. And while past performance is never a guarantee of future results, I expect similar relative stability from the Maxis during the next … [Read More...]

My Key West Garden Office

Hard to believe it has been nearly 30 years since I walked away from dealing with investing clients, prospects, or the financial media. I also stopped speaking at capacity-filled investment conferences around the world from New Orleans to Switzerland to Hong Kong. About that same time, Debbie and I bought two Harley-Davidson motorcycles along with a little pink Conch cottage in Key West, Florida. In the following decades, we racked-up 125,000 miles on the bikes with not a single mishap (or road beer) along the way. Today, dodging road obstacles and traffic or riding through passing thunderstorms is not as attractive as it once was, so we have put the bikes away. Now that we aren’t riding … [Read More...]

Richard Young Reports: 50+ Years with Fidelity and Wellington

I started in the institutional research and trading investment business at Model Roland & Co. on Federal St. in Boston in August 1971. Just up the street from Model were Fidelity Investments, and Wellington Management, both of whom I called on from my very first hours on the job. Over five decades ago, Ned Johnson, aka “Mister Johnson,” ran the show at Fidelity. At Wellington, Jack Bogle, “Mr. Mutual Fund,” had not yet left Wellington to start Vanguard.    My focus in the initial going was international research and trading, and remains so today all these decades later.  I still consider Fidelity and Wellington the industry leaders. Both firms feature great cultures, industry-leading … [Read More...]

Marry Compound Interest, Divorce Market Timing

Update 2.22.2021: The Dow Jones Industrial Average Index closed at 31,494.32. Originally posted August 3, 2018. This week a long-time reader contacted me looking for some insight he could pass along to his children about the dangers of market timing. I’ve written on the topic many times over the years and wanted to share something he might find compelling. In April of 1996, I wrote about how three of Wall Street’s bright minds had completely failed while attempting to make market timing predictions about the future of the Dow Jones Industrial Index. Back then my advice was—as it is now—marry compound interest, divorce market timing. I wrote: Market timing is a bankrupt strategy whose … [Read More...]

Gold’s 50-Year Price Explosion

Originally posted on July 27, 2020. Part I I was there from the start.  In early August 1971, I had just joined internationally focused research and trading firm Model Roland & Co. On 15 August 1971, President Nixon shocked the world by announcing that the U. S. would no longer officially trade dollars for gold. At that time, gold’s fixed price was $35/oz. By 1980, gold would hit an astronomical $800/oz. OK then, back to Model and the firm’s wonderful head partner Leo Model. From my first day onboard at Model, I started covering a bevy of major Boston institutional accounts.  I was 30 years old, and I would become friends with analysts, portfolio managers and traders at Wellington … [Read More...]

Every Investor Must Have a 5/10% Gold Hedge

Originally posted August 11, 2020. Jeff Deist of LewRockwell.com writes abridged: Fed Bugs are people with a faith-based belief in the power of central banks (and central bankers) to engineer economic growth using “monetary policy, “despite decades of history and current evidence to the contrary. They believe tinkering with inputs and rates and velocity and flows somehow makes us richer in terms of productivity, goods, and services. They believe in financial alchemy, as economist Nomi Prins puts it, rather than precious metals. They believe paper has value so long as government issues it and legislates its use. Central bankers almost by definition are Fed Bugs, but so are most monetary … [Read More...]

Dick Young’s Safe America Chapter III, Part I.

The People’s Chemist writes, “State -of -the art science methods prove masks fail to block viral spread. Viruses are everywhere – so tiny a grain of salt is 1,000 times larger.” The medical journal Influenza and Other Respiratory Viruses showed “no relationship between mask/respirator and protection against influenza protection.” The People’s Chemist concludes, “We can rest easy knowing that the best way to avoid illness is to protect and bolster the immune system.” Over the past two years, I have assembled a package of trusted supplements that appear to be useful in bolstering the immune system. … [Read More...]

Dick Young’s Safe America: Chapter II, Part I

After the inauguration of Joe Biden, and the loss of Senate control to Democrats, Republicans may feel like the end has come. It hasn't. Politics is cyclical. A party gets elected in a wave of support, it becomes complacent, ignores its mandate, and is replaced by another party that has impressed the people with its promises. Over, and over again. Not so long ago the GOP was in much worse straits. In 2008, after the election of President Barack Obama and Democrats' landslide victories in the House and Senate, pundits were saying that the GOP was over for good, and that the party would never win control of anything ever again. After a short time living under the Obama administration, … [Read More...]