I’m kind of a nut for military history. And I’m a huge fan of Dwight David Eisenhower.
As Supreme Allied Commander during World War II, he had to manage mercurial and disparate personalities such as General Sir Bernard Montgomery and General George S. Patton.
Later, as the 34th President of the United States, Eisenhower led the country through the early days of the Cold War. He also navigated our increasingly complex involvement in the Middle East.
Finally, in a remarkable bit of prescience, he identified the “military-industrial complex” as a major threat to American liberty.
(I was reminded of Eisenhower by David Stockman, the former Director of the U.S. Office of Management and Budget and now a contributor to The Daily Reckoning.
In a piece earlier this week, Stockman noted that Ike included Congress in his first draft of that seminal farewell “warning,” but it was deleted by more politically minded aides.)
In the prologue to The Guns at Last Light, the third and final volume in his engrossing history of the Allies’ victory over the Axis in North Africa and Europe, Rick Atkinson notes that General Eisenhower “often quoted Napoleon’s definition of a military genius as ‘the man who can do the average thing when all those around him are going crazy.’”
Eisenhower was a man whose underestimated brilliance was complemented by charm, geniality, and, perhaps above all, pragmatism.
Indeed, it was Ike’s developing, sticking with, and executing a plan – in the face of intense pressure from Monty and Old Blood and Guts – that led to Allied success on the Western Front.
Not all of us are endowed with the type of natural gifts that (along with a lot of hard work) get you to such lofty heights as the Supreme Headquarters Allied Expeditionary Force or the Oval Office.
But all of us are capable of establishing, sticking with, and executing a plan when it comes to our investment portfolios.
Having a plan is the first part of building wealth for the long term. There are two other critical factors: value and diversification.
Parts II and III
It’s totally in step with what we’re talking about today. But a full accounting of its importance demands a column – and maybe more – of its own.
The “it” I refer to here is knowing what constitutes good value in an investment.
The good news is Wall Street Daily’s team of analysts knows how to evaluate what a particular asset is worth.
In fact, Founder and Publisher Robert Williams is an authority in corporate finance, in particular the evaluation of the investment health of companies.
He also knows how to measure that skill in others.
Finally, let’s talk about reducing overall risk in your portfolio and maximizing your total return over time.
We all know that a loss made on one type of investment may be balanced by a gain on another, and each will react differently to certain events or circumstances.
That’s why diversification is so important.
And flexibility is the key to establishing and maintaining diversification in your portfolio.
Shine a Light
Our team includes experts on asset allocation, high-growth tech stocks, special situations, options strategies, high-reward trades based on technical analysis, and currencies.
Our premium services include recommendations among various financial instruments, industries, and other categories.
This weekend’s Saturday Spotlight features Senior Technology Analyst Greg Miller, our top planner at VentureCap Strategist. Greg’s also a key contributor to Digital Fortunes, headed by Louis Basenese.
Greg has a rundown on the top issues and trends he’ll be following in 2016, including the “Internet of Things,” cloud computing, network security, robotics, virtual reality, connected cars, and mobile payments.
There’s great stuff here about factors that determine when a specific technology will enter the mainstream, including the concept of “forced adoption.”
Finally, Greg talks about “power,” a concept less directly related but incredibly important to tech, all of which depends on electricity.
Indeed, Greg’s boldest forecast is that 2016 will see the beginning of the “Power Wars” in the U.S., as older, coal-fired power plants are phased out and replaced by newer projects powered by solar and other renewable fuels.
And utilities are starting to protect their turf against the threat of “distributed generation.”
Right now, we’re holding a historic event at Wall Street Daily.
As part of the event, you can keep up as Greg and Lou “separate the wheat from the chaff” in Digital Fortunes.
And you can claim one year of VentureCap Strategist for free when you join President’s Club Gold.
This is a great way to get access to all of our premium research.
No offense, but I don’t buy this “War on Christmas” business.
I say “Merry Christmas” a lot, and I’ve yet to receive any sort of negative response. I also dispense plenty of “Happy Hanukkahs” and a fair measure of “Happy Holidays.” Not really into “Season’s Greetings,” but I have nothing against those who are.
For most Americans, the holidays boil down to “Shopmas.” And we get after it with abandon. This year will be not much different than last.
Indeed, as Senior Analyst Jonathan Rodriguez notes, “consumers are spending” heading into December. Jonathan has some solid insights on how you can profit from this year’s edition of the annual retail extravaganza.
Greg Miller cuts through some of the hysteria and highlights some of the benefits in a piece that works well as a consumer’s guide to smart meters.
Global Markets Analyst Martin Hutchinson checks in with a tour of countries with currencies that are poised to appreciate in coming months. Income-focused investors will appreciate his insights on dividend-paying foreign stocks.
Martin also takes a look at the benighted master limited partnership (MLP) space, with a special emphasis on the downstream segment. There’s value here for the selective.
Finally, the field of candidates competing in the 2016 Republican presidential primary is on the verge of narrowing.
Find out the “who,” the “how,” the “when,” and the “why” via Martin’s look at the latest developments on the campaign trail.
And thanks for taking time out of your Saturday to spend with Wall Street Daily. Enjoy your weekend.