- Published on Tuesday, 24 July 2012 14:26
- Written by Andrew Snyder, Editorial Director, Inside Investing Daily
- Hits: 327
Inside knowledge is critical. If you want to build wealth and wield power, there is nothing more important.
Something odd is taking place in the craggy mountains rising above Ogden, Utah.
It's not illegal. But it is dumb... and possibly sinister.
A man is dressing like a mountain goat and mingling with the herd. Nobody knows why he's way up there. Or what made him cook up the scheme.
But they do know it's a dangerous idea.
"My very first concern is the person doesn't understand the risks. Who's to say what could happen," said Phil Douglass, Utah Division of Wildlife Resources.
"They may get agitated. They're territorial. They are, after all, wild animals. This person puts on a goat suit, he changes the game. But as long as he accepts responsibility, it's not illegal."
Most folks think the goat wannabe is a hunter -- he's getting ready for the September season. If that's the case his plans make perfect sense.
There's no better way to take down the herd... than to get inside it.
Does this "wolf" in sheep's clothes... er, goat's clothes... remind you of something?
What if I told you this fact: The companies that spend the most in Washington... make more money.
A company called Strategas has been measuring the amount of corporate cash flowing through K Street on its way to Pennsylvania Avenue. What it found would be nauseating... if it weren't so damned lucrative.
Its index of the 50 top lobbyists (as a percentage of their overall assets) has outperformed the S&P 500 by an average of 11% per year for the past decade.
More proof that it pays to have a man (or an army of men) on the inside.
And here's another fact. Despite all of his anti-business rhetoric, Obama still counts Wall Street as one of his top fundraisers... putting well over $14 million in his campaign coffers.
Of course, the same goes for Romney. Nobody gives more to the GOP candidate than Wall Street. Big surprise, right?
It's all because the thieves on the Street don't care who wins in November. They know the rules won't change. They never do. The boys on Wall Street are merely greasing the wheels.
Whoever pays the most... gets the most.
It's crooked. It's corrupt. But that's life in the "New America."
That's why next Monday, I'll hop a dawn flight out of Baltimore and head to Denver. I'm going to pull off my own sort of wolf-in-disguise trick.
It's all because of another interesting fact... financial advisors are suddenly pouring into alternative assets.
It's not because they want to (far from it). It's because their clients are demanding it. The facts outlined above have the average American investor scared out of his mind -- and he wants out of Wall Street.
A report that hit my desk earlier this month shows that nine out of 10 advisors suddenly plan to increase their use of alternative investments over the next year. (That helps explain the surge in popularity of my newsletter, Unconventional Wealth.)
When I was in the advisory industry 10 years ago, this was unheard of. We sold stocks... bonds... and mutual funds.
If you wanted to invest in something else... good luck, buddy.
That's why I left. The industry has no idea of what true diversification looks like. And if it does... it sure isn't tripping over itself to tell the truth.
But now, thanks to a herd of investors who are broke and desperate, it's 180 degrees different.
"Non-correlated" assets are soon to be the hottest investments out there. Everything from art to coins to guns to real estate and even personalized option contracts.
I'm heading to Denver to join a group of advisors as they study the future of alternative assets and discuss how in the world the advisory industry will deal with the sudden change.
That means I will be the guy in the goat outfit... the "hunter" looking for his angle.
And you can bet I'm going to take Phil Douglass' advice. "They may get agitated. They're territorial. They are, after all, wild animals."
Getting an inside look at how this herd is moving is worth the risk.
"Who's to say what could happen."
From the Inside,
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