That's the sweet spot. Porter Stansberry: Well, listen, Richard, we had you up here to talk about what you can do for investors and helping them manage risk in their portfolios. Can you just give us a little bit of an overview of where you are now in TradeStops casinoslots nz? You know, a long time ago you started out sort of as an alerts company that would help people manage trailing stops.
But TradeStops does a lot more now. And in particular, as you know, I'm really interested in the way that you can rebalance people's portfolio for risk and help them make better overall returns. Richard Smith: Absolutely. We did start out as an alert services company. And trailing stop alerts – which I literally learned about from you and Steve Sjuggerud, right? Porter Stansberry: Yes you did. And I think you wished that you had followed them during the tech crash. Richard Smith: I absolutely do. That's how I knew they worked, because I actually back-tested my own portfolio and saw: holy smokes, I woulda made a lot more money if had used these, and I woulda had a lot less stress, right? [Laughs]. Porter Stansberry: You would've had a lot less stress. [Crosstalk] Richard Smith: All the second-guessing about when to sell, right? Porter Stansberry: Yup. Richard Smith: You know, it's incredible. But then later on I started to – the next question I asked was: "Well, should we use a 25% trailing stop on everything?" And I did some work to come up with an algorithm. Initially I called it the Smart Trailing Stop, and it used volatility to identify an optimal trailing stop on different stocks depending on how volatile the stock was. So Walmart and Johnson & Johnson, maybe 10% to 12%. Tesla, 30%. Apple, Microsoft, 17%. Etcetera. And that was very powerful to identify that. But once I had done that work and came up with that algorithm, I quickly realized that that number was very helpful to investors, whether they used it for a trailing stop or not. Just seeing the number – and I know, Porter, you know this: Just looking at that number was so helpful to – you know and I know: a lot of people who are investing, they're successful in life but they're not financial professionals. Porter Stansberry: Lots of our customers. Richard Smith: Lots of our customers, right? And no knock against us, you know? I was one of them, right? I had to learn. But I had to spend a lot of time doing it. And your readers, my subscribers – they're successful people in life, have acquired enough capital to get into the markets, but they're not spending their whole lives studying finance and financial algorithms, etcetera. So they needed a simpler system, a way to kind of understand the risk that they're taking in the markets. And I found that that number, just looking at it – like 30% on Tesla. Here's one for you Northern Dynasty Minerals: 75% [laughs]. Porter Stansberry: Yeah. You can't really effectively use stops on junior mining stocks. There're some companies that're so volatile that the stop would be so wide it's almost pointless. Richard Smith: Absolutely. And looking at that number, seeing – for a novice investor to read about Northern Dynasty, it's an exciting story, right? But then see 75% volatility, basically you go, "Oh, okay. This isn't the same thing as investing in Walmart or Johnson & Johnson," right? Porter Stansberry: No, it's not at all. And tell people – if I can jump ahead. Sorry to cut you off. Richard Smith: Yeah. Porter Stansberry: This is the part that I can't believe about your technology.
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They're going to pay him a seven-figure salary to just kind of hang out? By the way, Comey's a lanky weirdo with way too high a self-regard. So I figured there's got to be something else going on here. Who was the Southern District of New York U.S. Attorney when Bridgewater is paying Comey a seven-figure salary? Oh, that's right, it's Preet Bharara. Who did Preet Bharara work for at DOJ?
James Comey. Who is James Comey's protégé at DOJ and helped him get the Southern District? Oh, that's right: Preet Bharara. James Comey. Now it all makes a lot of sense. When you're a fund like that, do you think it's a good idea to have a dude in-house whose close, personal, and professional friends with the one person who might have the ability to really mess up your business if he decides to? [Crosstalk] Porter Stansberry: And Preet was going after every hedge fund. But he never went after Bridgewater. Country Club Guy: It sounds like an episode of Billions. [Crosstalk] Buck Sexton: That's right. Porter Stansberry: It does sound like an episode of Billions, Country Club Guy. Good call. Anyways, ladies and gentlemen, I don't really care whether you believe me or not. Because there's so much evidence of this that's rampant in our government and our society. I just want you to know: The people that you think are looking out for your best interests are not. They never have and they never will. They're looking out for their best interests. It's that simple. And so you have to regard the securities markets as being a nest of snakes. Because that's what it is. And the guy who's supposed to be guarding the place and keeping the snakes out – he's the guy who's feeding them. So you have to be careful. And a guy that will help you be careful – see this link? See this bridge? – is my friend, Richard Smith. Why don't we bring Richard in now and talk about how to manage risk in these uncertain times and these corrupt markets. Buck Sexton: Dr. Richard Smith, everybody, is with us now. He is the CEO and founder of TradeSmith LLC. He's the math PhD and inventor that has now helped tens of thousands of investors manage the ups and downs of the market confidently and stress-free with the TradeStops unique investment tools. After Richard earned his PhD in math and system science, he learned the hard way that it takes more than intelligence to win in the game of investing. After scoring huge gains in the stock market in the late '90s, Richard lost it all in the dot-com bubble and was left wondering: What the heck just happened? This school-of-hard-knocks learning experience put Richard on a path of researching and developing algorithms and services that give individual investors the tools they need to remain in their personal investing comfort zones and succeed. TradeStops' motto is simple when it comes to investing in stocks: make more, risk less. Please welcome to the Stansberry Investor Hour, Dr. Richard Smith. Richard Smith: A pleasure to be here. Thanks for having me. Porter Stansberry: Richard, where are you? You were in Baltimore yesterday, weren't you? Richard Smith: [Laughs]. That was actually last week, Porter. I'm back in Florida today. Porter Stansberry: I can't keep up with you, Richard. Richard Smith: Down here in sunny Tampa. It's I think 85 today. Porter Stansberry: Well, we got better weather than you today, buddy. It's perfect here and 65, which is what the big guy likes. Richard Smith: Nice. Yup. Thanks, Country Club Guy. David Tice was complementing our work on CNBC one day and the announcer jumped down his throat and Tice wouldn't have it. He's like, "No, man, you've got that all wrong. Stansberry Research does the best work out there." It's pretty funny. But, anyway, here's the best part about GE.
I want to get to this. And I want to make sure that everyone hears me and knows that this isn't a mistake or a rumor. Okay? This is a fact. As I like to say, Google it. Mary Schapiro has been on the board of General Electric for the last, I don't know, three or four years. Anybody know who Mary Schapiro is? That name ring a bell? Hm. Former chairwoman of which government agency? Country Club Guy: FDIC? Porter Stansberry: The SEC [laughs]. So you're telling me one of the five largest corporate accounting frauds in history happened in the company on whose board sits the former head of the SEC. And I ask you, ladies and gentlemen, do you think that the SEC is really here to protect investors, or is it here to protect the bigwigs at major corporations and banks? And the answer should be obvious. Who's been sued by the SEC? Porter Stansberry. Does he manage any money? No. Has he ever managed any money? No. Has he ever been a part of any public company? No. What's he do for a living? He sells subscription information. Is that what the SEC regulates? No. [Laughs]. But what else does Porter do? Porter writes really nasty and annoying-but-true things about major corporations. Hm. Who's the SEC sue? Porter Stansberry. Who does the SEC not sue? Jeffrey Immelt [laughs]. Who commits massive securities fraud? Jeffrey Immelt. Huh. I wonder how all that really works. Buck Sexton: Can I give you – I actually put this one together and have been raising as much hell about it as I can. It's a similar thing here, Porter. You know Bridgewater, right? Porter Stansberry: Yes, I do. Buck Sexton: One of the biggest hedge funds in the world, right? [Crosstalk] Porter Stansberry: The largest hedge fund in the world. [Crosstalk] Buck Sexton: The largest? Okay. You probably golf with the CEO. I don't know anything about them other than they're really big. But what does matter to me is the federal government – we recently had the dossiers, the Democrat memo, the Republican memo, all that stuff. And I was wondering: why would James Comey – don't worry. This'll tie into what you said a second ago. Why would James Comey be on a seven-figure salary at Bridgewater Associates? He just left the Department of Justice. He has no white collar, criminal defense background. This is not what he does. And he was there in an advisory role. He wasn't even there as chief counsel or anything. Like: this is so weird. |
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March 2019
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