The Gold Star Investment Strategy

by John Shannon


Formats

Softcover
$19.95
$15.00
Hardcover
$29.95
$19.95
E-Book
$4.95
Softcover
$15.00

Book Details

Language : English
Publication Date : 3/8/2010

Format : Softcover
Dimensions : 6x9
Page Count : 136
ISBN : 9781449094508
Format : Hardcover
Dimensions : 6x9
Page Count : 136
ISBN : 9781449094492
Format : E-Book
Dimensions : E-Book
Page Count : 136
ISBN : 9781449094515

About the Book

The Gold Star Investment Strategy is a must read for every American who is interested in saving and investing for the future. Today, more than ever before saving and investing is such a necessity that cannot be ignored. The days of company pensions and social security providing financial security are just about gone. Too many Americans are living dangerously pay check to pay check and others are saving but receiving investment advice from incompetent sources. The Gold Star Investment Strategy is a great strategy for saving and building wealth. Chapter I describes the strategy and shows how easy the strategy is to use. It also describes how truly diversified the strategy is and the necessity behind this diversification.  I wrote this book because of my many, many, many years of studying economics and during that time have witnessed so many financial experts at the Federal Reserve, the Treasury, the colleges and universities, the investment community, the business community (including financial planners and investment advisors on TV and news media) giving such incompetent financial advice to the American public.  My love of economic has produced a great strategy that is fool proof and easy to understand and use. The Gold Star Investment Strategy is unique in its diversification and ability to stand alone without the need for investment advice from other sources.


About the Author

John Shannon attended colleges in Boston Massachusetts during the 1960s majoring in Accounting. His first taste of investing came in 1973 during the stock market crash of that time. He opened his first investment account at Merrill Lynch in Burlington Massachusetts putting all his savings in stocks selling at $1 per a share.

 

Watching the stocks rising in value and not knowing when or if he should sell, he dusted off his old economics textbooks and read from cover to cover with a greater interest that ever before. After numerous trips to the Harvard Book Store to purchase many used economic books, John spent an average of 6 hours daily in the local public library reading those and other library economic text books as well as the Wall Street Journal, Business Week, and other Business Periodicals. For a period of 10 years 1973-1978, and 1980-1985 at least 100 economic text books were read. Economics and investing became a passion. In 1976, selling stocks at the top of the market and buying gold at $120 an oz, which turned out to be the near low for gold was the next financial step. Gold started to climb after 1976 until 1980 reaching $850 an oz. In 1980, when Ronald Reagan was elected president, John decided that the price of gold would fall so he sold his gold holdings at $750 an oz. The decision was based on the Reagan Administration policies of Supply side economics, Milton Friedman’s monetarism and Paul Volcker’s high interest rate and tight money policy.

 

John successfully predicted the stock market and real estate crash of 1988 and the stock market crash of 2000. He also saw the real estate crash of 2005-2007 and sold his primary residence at the top of the real estate market in 2005. In January, February of 2007, this book was first started when he saw the financial crisis coming while watching the 2007 Davos, Switzerland Economic Summit and could not believe all the optimism at Davos that year. In early 2007, John emailed Ben Bernanke warning him of the crisis. John has been recommending buying gold recently since its low price of $277 an oz eight or so years ago. In the mid 1980’s, John was a registered investment advisor for a short period of time.