The Porter Stansberry Show

June 04, 2014

Ep. 159 - Bob Woodson: The Failing Cities of America

Welcome back to another edition of The Porter Stansberry Show.
 
My guest this week is Bob Woodson.
 
 
Bob Woodson's name may not ring a bell for a lot of our listeners. Hell, I hadn't heard of him until a few weeks ago. But I promise you will begin to hear his name more and more in the coming years.
 
I discovered Bob Woodson after reading an article in the Wall Street Journal titled, "A Black Conservative's War on Poverty." The article shook me (as did the interview).
 
I was excited to see a leader in the Black community confronting the problems that are holding back America's inner cities from economic and societal success. 
 
This is a great interview and I can't wait to have Mr. Woodson on the show again in the future. 
 
In This Episode You Will learn:
•  The real barriers to upward mobility and the "Poverty Pentagon"
 
•  How the very political leaders that are being voted in by the inner cities, are ruining them
 
•  How many of the statistics about crime in the inner cities are being ignored  
 
•  What the remedies are to curing the destruction of the Black communites  
 
Clip #1:

"...70 percent of all the dollars spent on the poor go not to the poor but those who serve poor people. They ask not which problems are solvable but which ones are fundable..."

 
 
Clip #2:
 

"...black elected officials and others who are engaged in corrupt activites are able to use race as a shield against any effort to hold them accountable and a spear to any Black who raises that issue. So I just think that it's time for the Black community to grow up. Someone said that if you are a sheep and you vote for a wolf as opposed to a sheepdog, don't be surprised if you get eaten..."

 
 
Listen To The Entire Episode:
 
 
Resources Mentioned in the Show:
•  A Black Conservative's War on Poverty (Woodson's article in the WSJ)
 
•  The Triumphs of Joseph: How today's Community Healers are Reviving Our Streets and Neighborhoods  
 
 Two Suns Fishing Charter  
 
 
At Stansberry Research, we would never ask our subscribers for donations to a cause unless we felt very strongly about it. Although, as I state in the podcast that I am a "total believer in keeping charity private. I do not conflate charity and business," I believe that in order to fight the evil that is holding back inner cities from success, the only option may be the one proposed by Bob Woodson. 
 
We encourage you to donate money to his cause (I for one will be) here:
 
 
 

May 29, 2014

Ep. 156 - Richard Maybury

Welcome back to another episode of Stansberry Radio
 
The guest this week is Richard Maybury.
 
 
Richard is regarded as one of the top free-market writers in America. And for those of you that were concerned about where Porter was last week - he's back and wouldn't miss this interview for anything. 
 
Clip #1:

 

"The media focus in on these things and they regard, for instance, Ukraine as a problem or a big problem, but that’s just a symptom of the really big problem.​"

 
 
Clip #2:
 

"I’m estimating that about 150 governments out of the 200 on the planet are in crash programs now to buy as many weapons as they can, which, of course, creates an enormous investment opportunity for the people that recognize it in the defense-industry stocks."

 
 
In This Episode You Will Learn About:
 
•  The possible deal between Russia and China on gas
 
•  The looming pension crisis that could destroy half of the companies in the S&P 500  
 
•  How the Treaty of Westphalia has been destroyed by the American government  
 
•  Where the next 100,000 people will be killed violently in the world  
 
•  Why Richard believes Lockheed Martin is the best stock to buy now  
 
•  Plus much more...  
 
 
Listen To The Entire Interview:
 
 
 
 
Some resources from topics discussed in the show:
 
•  The Uncle Eric Book Series
 
•  Early Warning Report (Richard's newsletter)  
 
•  More Detroits Are on the Way (link to article discussed by Porter about pensions)  
 
If you have a second, please leave an honest review of what you thought about the show by going  here, clicking view in ITunes, and then going to "Ratings and Reviews." We really appreciate it. 
 
 
 
 

May 20, 2014

Alex Jones Interview Part II

Who is Alex Jones?
 
He has been called many things - conspiracy theorist, radical, genius.
 
But, he is much more than that. 
 
On today's podcast, Porter Stansberry asks Alex Jones exactly who he is, how he got started, and where his distrust from the government stems from.
 
Welcome to Ep. 154 with Alex Jones.
 
 
 
 
 
In This Episode You will Learn:
 
•  the real purpose of the SEC and FINRA
   
•  Porter's prediction for crude oil
 
 
•  what Google's "driverless car" means for the American working class
 
 
•  plus much more...  

May 05, 2014

Worst Trading Mistake - Trading on Earnings

The worst trading mistake I’ve made is putting 100% of my current account into a stock that was reporting earnings. I wanted to leverage up 3x my but luckily my brokerage only allowed me 2x. The stock opened over 20% lower and I exited. It continued to go down but overnight my account went from 20,000 to 12,000. Needless to say.. it was a bad day.
 
Since then I’ve begun using position sizing, trailing stops and don’t buy stocks for earnings unless I’d be okay with losing 30% of the position and don’t use leverage.
 
I now focus on how to not lose money, instead of being yield driven. I’ve started selling puts with success.
 
I’ve really enjoyed your candor and will continue to listen to the podcasts!
 
PW alliance subscriber.
 
Best,
Justin

May 05, 2014

Biggest Mistake

My biggest mistake in trading has been trusting in/listening to others, specifically a friend and my wife.
 
Brian G,

May 05, 2014

Wost Investing Mistake

In 2007 Fairpoint Communications purchased Verizon's landline business in Northern New England.  With all the glorious reports of what was to come and as a resident of Northern New England and a customer of Fairpoint, I bought $20,000 worth of stock in the company - my largest position to date at that time ever.  I proceeded to watch the stock decline precipitously over a short 18 month period (refusing to sell all the way, of course) and humorously thought I might get something from the Federal Bankruptcy Court in New York.
 
I got something alright - a very hard education.  The court wiped out the stockholders and made provision for the newly reorganized company to reserve 10% of the new stock for whom? You guessed it - the same idiot management team who trashed the company in the first place.
 
Should we talk about the miners I currently hold that are down 60% or more?  No, no, we'll save that for another time.
 
JimB
 
ps: Therapeutic, my ass.

May 02, 2014

Worst Trading Mistake

My biggest problem was early success trading stocks in 2010 and 2011.  I then decided since I was so good at trading stocks I should trade options (having no education in options trading)  Placing 5-10% of my portfolio into a single options trade was common.  I did pretty well initially, then one trade went against me and my position was cut in half.  That's when I decided to double down.
 
 I ended up losing 25% of my portfolio on that one trade and closed the year down 10%. So, understanding I knew nothing I subscribed to Retirement trader last summer.  It was going fantastic! However, I decided to try selling puts on other newsletter stock recommendations from different SA newsletters to increase my returns.  Specifically, I sold puts on APC last October.  When the stock corrected 12% I shit myself and covered for a huge loss.  Now APC is at 52 wk highs and there are multiple holes in the drywall of my house (just kidding but I wanted to).  Now I stick to Retirement Trader and Stansberry Alpha for my options.  I sleep great and have winning trades.
 
W.B.

May 02, 2014

Biggest Trading Mistake

20 years ago, i started trading futures without understanding the concept of leverage.
i started with $5000, ran it up to $10,000... then lost it ALL.
but... i didn't get angry.

i decided to study and learn from my mistake.
i read many books on risk management, and now
i'm still in the game -- i've never blown out again.

i considered that blow out a $5000 tuition payment to
"Trader University."  -joe aaron   (fine to use my name)

May 01, 2014

Biggest investment mistake

I bought First Marblehead (FMD) at an average price of 8.73 from 2007-2008.  It was a story stock about re-selling student loan debt (new business model!) and relied heavily on the huge amounts of credit rolling around.  Strangely enough, I had managed to convince myself that even though housing was in a bubble, other types of credit were just fine!  Sure they were... haha.
I sold later in 2008 for $2.54 for a 71% loss.
 
Interestingly, as the credit bubble has re-expanded FMD spiked to over $35 by 2010, so if I had just held and followed a trailing stop model, I could have a registered a solid gain.  That's a fascinating insight I didn't have before, so thanks for making me look back at this mistake.
 
Cheers,
M.