We are all living in a low interest rate world, and it's nearly impossible to get a "safe" return. John sutter: there is a way a regular mom and pop investor can fght back. He suggests three investment plays that may be a bit "renegade" in nature.
We are all living in a low interest rate world, and it's nearly impossible to get a "safe" return. John sutter: there is a way a regular mom and pop investor can fght back. He suggests three investment plays that may be a bit "renegade" in nature.
We are all living in a low interest rate world, and it's nearly impossible to get a "safe" return. John sutter: there is a way a regular mom and pop investor can fght back. He suggests three investment plays that may be a bit "renegade" in nature.
on your savings and investments these days, you face a huge problem: We are all living in a low interest rate world. It wasnt always like this. There was a time when people could expect what are now highly implausible returns on certifcates of deposit and money markets. Just fve years ago, money market rates were nearing 4 percent on average, according to Bankrate.com. Heck, when fguring out how much to save for retirement, it was common practice in the industry to fgure a rate of return of 8 to 10 percent a year for relatively safe, conservative investments. Now, three-month U.S. Treasurys have been at zero percent, and money markets and savings accounts pay well under 1 percent interest. Simply put, its nearly impossible to get a safe return that beats infation. There isnt much difference at all between stuffng your money in a mattress or into a typical bank savings account. Worse yet, theres no sign of any change in the future, either near or midterm. The U.S. Federal Reserve System has stated that it will keep interest rates exceptionally low until at least mid-2014. (The Fed basically controls the interest rates banks will pay savers because everyone takes their cues from the federal funds rate.) Its the only time in the Feds history that it has blatantly said such a thing that savers would be denied a fair return for years. Frankly, for those of us trying to build a sizable retirement nest egg, it can be downright depressing. Basically, the government (led by politicians and Federal Reserve Chair Ben Bernanke) have declared a war on savers. But before you think theres no hope, Im here to tell you: There is a way a regular mom and pop investor can fght back. Through three investment plays that may be a bit renegade in nature, meaning theyre not part of the typical investing advice doled out by experts, you can improve your prospects in an uncertain economic climate. Uncommon Income Play No. 1: 3 High-Powered Currencies There is actually a way for you to earn six to 10 times the interest that your bank will pay you in the typical savings account and even three to fve times what you can earn on a CD at your local bank. Better yet: You dont have to stray away from the typical comfort zone of a U.S. investor. You can still keep your money right here in the U.S. in a bank insured by the Federal Deposit Insurance Corp. Thats an important point to note because it wasnt always the case. In the past, if you wanted to chase higher interest rates than those offered in the U.S., you had to travel to a foreign land and open up a foreign bank account. Obviously, thats quite a hassle and well beyond the scope of what most of us would do. Later on, the process did get easier when the Internet created a new avenue for someone in America to do business with a foreign-based bank. However, on the downside, you still dealt with people you had never seen and who werent regulated by our governing bodies in the U.S. It was a trade-off: Do you take the extra risks of sending your savings abroad in the quest for a higher yield? Now, however, things have changed. Thats because one U.S. bank has brought the great opportunities of foreign investment to our doorstep. 3 Uncommon Income Plays for The Renegade Investor Moneynews.com 1187/0312 SPECIAL REPORT Ultimate Wealth Report A Publicaton of Newsmax.com and Moneynews.com Edited by Sean Hyman 2 UltmateWealthReport.com Special Report A Dollar in Decline Ill get back to that bank in a moment. First, Id like to tell you how you can earn a higher rate of interest via this bank and indeed why youd want to consider using them as an investment tool. Heres a fact: All money is not created equal. Numerous currencies are in use, issued by different countries across the globe. The U.S. dollar has been at the forefront and is considered the reserve currency of the world it has dominated the currency realm for decades, since the decline of the British pound after World War I and World War II. These days, however, the U.S. dollar is facing plenty of head winds. It is exhibiting signs of a currency in decline. Importantly for us, numerous foreign currencies earn a far higher degree of interest and they tend to gain in appreciation through the years against the falling dollar. Because of this, your investment in these currencies not only has the chance to retain its purchasing power over time unlike the U.S. dollar, which is being eroded because of infation but along the way it also earns higher interest. What currencies am I referring to? A great example is the Australian dollar. In Chart 1, you can see the upward trajectory of the Aussie dollar versus the U.S. greenback. (Chart 1) What is it, you may ask, that has caused the Aussie dollar to reach a point of parity with the U.S. dollar, with a trendline continuing upward? In many respects, its simply sound currency management. You see, in the U.S., we hold the position as the worlds reserve currency, as I mentioned before. Other currencies are measured against the U.S. dollar, and debts and transactions are often measured in dollars. Its the currency countries most often turn to when trading across borders. But, to co-opt a Spider-Man quote, with that power comes great responsibility. And unfortunately, our government has been taking far too much advantage of the fact that it has free rein to print and release new dollars into the marketplace. Printing money, you see, is an easy way to solve fnancial problems in the U.S. Think of it this way: If you could run to a printing press in your kitchen when your bills came due and print up the cash to pay those bills, it would be pretty easy, right? In a very real way, thats what the government has been doing as the economy has faltered, especially in the wake of the Great Recession of 2008. Government offcials wanted to stimulate the economy and force liquidity back into the system. More money fow, they reasoned, would prompt banks to lend more freely and keep commerce fowing. Hence, the words quantitative easing entered the popular lexicon, which is a fancy way of saying the government was creating more money out of thin air and releasing it into the system. Since 2009, weve had two rounds of quantitative easing, and rumors of a third have been circulating ever since QE2 ended in June 2010. U.S. Struggles Not a Global Phenomenon Politicians dont like to admit it because opening C h a r t
1 This chart of the AUD/USD exchange rate demonstrates the overarching trend the Australian dollar has been gaining strength, a march upward only faltering during the extreme environment of the 2008 global fnancial crisis. SOURCE: TradingEconomics.com Jan. 02 Jan. 04 Jan. 06 Jan. 08 Jan. 10 The Australian dollar has been gaining on the buck for a decade. 1.2 1 0.8 0.6 0.4 Sean Hymans extensive background in the fnancial markets goes back more than 20 years, including as a broker at Charles Schwab and as an instructor for Forex Capital Markets. He has held fve fnancial licenses and has been a stock- broker, manager of a team of stockbro- kers, a trading course instructor in the currency markets, a fnancial writer, and a key speaker at conferences both natonally and internatonally. His invest- ing philosophy is based on choosing the assets that will get infated in the future commodites and investng in fundamentally superior currencies that will beneft from the U.S. dollars decline. He does it in a way thats simple and, via the use of exchanged-traded funds, can be done through a standard brokerage account. Special Report Moneynews.com 3 the money spigot works so well in the short term, but there is a terrible long-term drawback to new cash infation. After all, when theres more of something in existence, each one of those things becomes a little less valuable, right? Anytime you make more of something, it becomes less expensive. And when an item is more rare or precious, it retains its value and can sometimes appreciate in value. The printing-press solution isnt a recent phenomenon, to be sure. Ever since President Richard Nixon eradicated the U.S. gold standard in 1971, the U.S. has been printing money freely, without the constraints of needing gold backing. The action has diluted the dollar relative to other currencies over time and has been the source of infation over the years. (Theres a reason the median single-family home price, which was $23,900 in 1971, soared to $240,100 in 2011, and despite what your local real estate broker may try to tell you, its not just purely market related.) So, in short, the U.S., like some other Western nations, notably in Europe, is saddled with debt burdens and declining currency values. But that sad tale is certainly not the case everywhere in the world. Not every country is debt-laden, overtaxed, and in decline. Some countries are actually on the way up. Australia is one of those countries. Heres why. The U.S. doesnt have the same sort of stable dependable growth, as measured by the gross domestic product, which used to drive its economic engine. Youll see in the accompanying GDP chart that the U.S. has grown by 1 to 3 percent per year, dipping in 2008 and 2009 during the Great Recession. (Chart 2) Now, lets compare that data to how Australia has done over the same 10-year period. Australia has grown for the most part between 2 and 4 percent during the same period, and, most important, it never slipped into a recession during any of those 10 years amazing, considering the worldwide fnancial crisis of 2008. (Chart 3) When you see the trend in graphical form, it becomes obvious why investors have been gravitating toward Australia versus the United States. In Australia, you get a better growth story and one more resistant to recessions than the U.S. Thats the growth story. Now, lets look at the difference in interest rates between Australias dollar and the U.S. dollar. (Chart 4) Again, which would you rather own as an investor? A country thats growing at a greater rate and that has more stable growth and earns more interest or the country that is all over the map growthwise and that yields a paltry 0.25 percent? Ill take the former, and I bet you would, too. A lot of investors are thinking the same thing. So is it any wonder that the Aussie goes up over time while the U.S. dollar declines as investors fee it? I dont think so. It makes perfect sense. Theres one more fundamental dynamic between these two countries we should consider: jobs. In the end, thats a metric that really tells a story, isnt it? If there are jobs, a country will grow. Without jobs, people wont spend and a country wont fourish. So how does Australia employment shape up when compared to that of the U.S.? Check it out 2000 2002 2004 2006 2008 2010 The U.S. has been in a slow-growth mode for years. 6 4 2 0 .2 .4 .6 This is a chart of the annual growth rate of the U.S. gross domestc product (GDP) a measure of the market value of all goods and services produced within the country. The U.S. has been struggling along at 4 percent growth or below much of the decade. SOURCE: TradingEconomics.com | Bureau of Economic Analysis C h a r t
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2000 2002 2004 2006 2008 2010 Australia has been an economy on the rise. 6 5 4 3 2 1 0 The annual growth rate of Australias GDP has had a lot more volatlity, as this chart shows, but unlike the U.S., it never slipped into negatve territory in the heart of the 2008 fnancial crisis. That indicates economic strength. SOURCE: TradingEconomics.com | Australian Bureau of Statistics C h a r t
3 4 UltmateWealthReport.com Special Report below. (Chart 5) Thats pretty telling, Id argue. I know Im more comfortable investing my money in a country where the job opportunities are more plentiful. Australia is just a stronger play, on many levels. Australia also has another factor going for it... it has resiliency, unlike many other countries, against negative effects of the U.S. economy. In following these two economies over time, Ive noticed that, if the U.S. is struggling, Australia isnt struggling as hard. If the U.S. is fourishing, Australia is fourishing more. If the U.S. interest rates are going higher and giving a more favorable yield on money, Australias have always been far more favorable. In addition as if the factors already discussed werent enough Australia has two other distinct advantages over the U.S.: It has plenty of raw materials and an insatiable large-scale buyer of those commodities in resource-hungry China. The U.S., unfortunately, doesnt make much anymore that the world wants or needs its morphed into largely a service-based economy. Australia, however, has gold, copper, iron ore, wheat, etc. stuff the world needs. And with Australias proximity to China, its become the place where China shops for its raw materials to build out its rapidly expanding economy. The EverBank Advantage Are you as excited about the prospects of the Australian dollar as I am? I hope so, because now Im going to share with you how you can start investing in it, via a U.S. bank that is FDIC-insured. EverBank.com has an Australian dollar CD that at the time of this writing yielded 2.78 percent. Thats a far cry from a U.S.-dollar-based CD that yields 1 percent or a savings account earning 0.25 percent. And dont forget, this CD has a chance to appreciate over time if the Aussie dollar continues to rise against the U.S. dollar, as it has overall for the past 10-plus years. This means your return could end up being 10 percent in a year if the currency appreciated more than 7 percent against the dollar and you earned almost 3 percent in yield. It has happened before, and it could very well happen again. No, these arent your grandmothers CDs, for sure. Theyre turbocharged and do a much better job at keeping pace with infation than a regular, tepid U.S.- dollar-based CD paying 1 percent at best. You can purchase the EverBank Australian dollar CD in time intervals of as little as three, six, nine, or 12 months, with a minimum opening balance of $10,000. When your CD matures, you can simply roll it over into a new one and keep on going if you wish. EverBank will tell you how to do this. An Investing Gem If you like that last CD, then youre really going to love this next one. For this jewel, we travel to South Africa, an emerging market country that has what some call an exotic currency. That means it can be far more volatile than the Australian dollar, but it earns an even higher yield than that of Australias dollar and stands the chance to appreciate much, much more than the Aussie within the course
9.7% 9.4% 8.6% 8.3% 7.4% 6.5% 5.3% 4.5% 4.3% C h a r t
5 France India United States United Kingdom Canada Germany Australia Japan China P O 4 6 8 10 Unemployment rates in 2011-2012 reveal
Aussie dollars strength. Smart money follows the jobs! As you can see here, Australias unemployment rate was much lower than the U.S. If people are working, your country is producing, and the populaton is spending more freely. That bodes well for the local currency. SOURCE: TradingEconomics.com 4.25% 1% 1% 1% .5% .25% 0% C h a r t
4 Australia Germany France Canada United Kingdom United States Japan P O Australias dollar yields 17 tmes the interest of the U.S. dollar! When looking at a chart like this, it becomes very clear where youll get a beter interest rate, and its not in the U.S. The Australian dollar has been far outpacing many of the old-guard leaders of the global economy.. -2 0 2 4 6 8 Special Report Moneynews.com 5 of a year, too. If youre a little more risk tolerant and want to soup up your return potential while earning higher interest, consider South Africans rand. To start, lets take a look at how the rand has performed relative to the dollar in the 10-year chart. (Chart 6) Think of South Africa as a more volatile Australia. They are very similar in that both countries are resource rich and make things that the world requires in order to grow. South Africa is rich in gold, platinum, coal, iron ore, tin, diamonds, rare earth minerals, copper, and natural gas, among other commodities. That has made South Africa much more prosperous than much of the rest of the African continent as a result. In fact, the World Bank ranks South Africa as an upper-middle income economy. Its the largest economy in Africa, and the 28th largest in the world. Its similar to Australia in that China is a big buyer, as well. China is tapping South Africas gold and other natural resources. South Africa tends to grow 2 to 5 percent a year, which is a much faster rate than that of the U.S. It did dip into a recession with much of the rest of the globe in 2009, but South Africas recession wasnt as long or as deep as that of the U.S. They came out of it and are already growing faster again than the U.S., as depicted in the chart in the next column. (Chart 7) How can you get into the rand? EverBank offers a South African rand CD. As of this writing, the three- month CD had an annual percentage yield of 3.55 percent. EverBank also offers a six-month version. A Very Supercharged Currency Now, if you liked the return and potential of the Australian dollar and South African rand CDs, youll love my fnal pick. Brazil is a powerhouse economy. Like Australia and South Africa, it is rich in resources the world is seeking, like iron ore, oil, soybeans, and sugar. In 2009, China overtook the U.S. as the country doing the most business with Brazil. Commodity demand has given Brazil a really impressive track record when it comes to growth. You can see from the GDP chart on the following page that its grown an average of 3 to 6 percent over the past 10 years. (Chart 8) It doesnt take too many of those ultra-high C h a r t
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Jan. 02 Jan. 04 Jan. 06 Jan. 08 Jan. 10 14 12 10 8 6 4 This is a chart of the USD/ZAR exchange rate. Declines over tme represent the dollar losing value to the stronger rand, although the dollar surges make a point despite the long-term positve- leaning trend, there is some volatlity with this partcular currency. SOURCE: TradingEconomics.com The rand has made huge strides over tme against the greenback.
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7 2000 2002 2004 2006 2008 2010 8 6 2 0 -2 -4 South Africas annual growth rate, as measured by its GDP, shows a lot of strength, reaching up near 8 percent around 2007. Yes, it lacks stability, but the South African economys surges are outpacing the sluggish growth in the U.S. as a whole. SOURCE: TradingEconomics.com While more volatle, South Africa is a beter place to be than the U.S. C h a r t
8 2000 2002 2004 2006 2008 2010 The annual rate of growth in Brazils GDP has been impressive, despite a couple of dips into negatve territory in the last 12 years. On average, it has grown 3 to 6 percent over the past 10 years, putng the country on a blistering pace. SOURCE: TradingEconomics.com | IBGE Some years, Brazil grows at a 7 to 8 percent annual clip! 10 8 6 4 2 0 -2 6 UltmateWealthReport.com Special Report growth years before Brazil ends up leaving the U.S. in the dust and thats exactly why investors love Brazils currency, the real. The chart of the Brazilian real on page 6 shows just how well the real is performing relative to the greenback. (The downtrend you see is Brazils real growing relative to the declining dollar.) (Chart 9) No doubt, this is another very volatile currency. But over long periods, the real runs all over the buck, as demonstrated in the chart. Thus, if you want the chance for the ultimate in potential currency appreciation and a higher interest rate than even the Australian dollar and South African rand, Brazils real is worth a serious look. At the time of this writing, EverBanks Brazil real three-month CD boasts an annual percentage yield of 5.09 percent. And dont forget that there could be some massive currency appreciation over time with this currency, making it even more attractive in comparison to U.S.-dollar savings vehicles. To fnd out more about all three of these CDs the Australian dollar, South African rand and Brazilian real give Jacksonville, Fla.-based EverBank a call at (800) 926-4922. Or you can simply go online to their site: www.everbank.com/personal/foreign -currencies.aspx?tab=cds Through these three foreign currency CDs offered by EverBank, its possible to get stock market-like returns from simply holding a CD and not being involved in the stock market at all. Now theres a smart renegade concept if there ever was one. Uncommon Income Play No. 2: Norwegian Oil For much of the last 20 years, crude oil traded between $10 to $15 per barrel on the low side and $30 to $40 on the high side. It seemed this could be the range forever on the price of oil. But that all began to change in late 2004, when oil broke out above the high of this range and proceeded to hit almost $150 a barrel over the next few years. You can see in Chart 10 that weve entered a new era when it comes to the price of oil. No longer are we in the $10 to $40 days. Instead, if anything, $40 is a new foor now, and $80 to $100 per barrel is a more common price. (Chart 10) I wanted to take advantage of this uptrend in oil. But if I bought oil itself, Id gain no income from it while I waited. For income, I could buy a stock like ExxonMobil, which as of this writing was paying a dividend of about 2 percent. Or I could scour the world for a better choice. Sure enough, I found one. The company I chose is based in one of the most fundamentally sound economies of the world, Norway, yet it is traded in the U.S. on the New York Stock Exchange, making it easy to buy shares. Theres a lot to like about Norway. While the U.S. grapples with unemployment north of 8 percent, Norway has a rate at just under 3 percent. This oil- rich nation also has a fully funded pension for every person living there right now, meaning its not going to face the same crisis staring down the U.S. These factors support a strong currency, much more robust than our ailing U.S. dollar. Thus, the C h a r t
9 The USD/BRL exchange rate since 2002 shows a strong trendline the real is a dominatng force when compared to the U.S. dollar. EverBanks foreign currency CD products ofer American investors an opportunity to proft from market realites like this. SOURCE: TradingEconomics.com. Brazils real trounces the dollar over tme. Jan. 02 Jan. 04 Jan. 06 Jan. 08 Jan. 10 4 3.5 3 2.5 2 1.5 C h a r t
1 0 Afer remaining at reasonable rates for many years, oil prices have rocketed up, blastng past the once-unthinkable $100 per barrel level a few tmes in the past decade. This is a new reality we as investors need to face. SOURCE: TradingEconomics.com. Oil is now in a volatle uptrend. Jan. 85 Jan. 90 Jan. 95 Jan. 00 Jan. 05 Jan. 10 160 140 120 100 80 60 40 20 0 Special Report Moneynews.com 7 company Im about to reveal will beneft from a strengthening home currency, even though its stock is trading here in U.S. dollars. Its a very stout company with a great balance sheet. This $89 billion company has gross margins of 37 percent, a price-to-earnings ratio of 12, and a dividend yield of 4.60 percent. On top of this, the stock is in a nice uptrend and is trading at more than two times its book value as of this writing. What is the stock? Its Statoil (STO). Below is a three-year price chart showing its positive trajectory. (Chart 11) Statoil is an American depositary receipt that trades on the NYSE in the U.S. It benefts from the rise in the price of oil, the rise of Norways local currency (the krone), and the fall of the U.S. dollar. Of note, Statoil offcials announced in April 2011 that theyd found a signifcant oil discovery adjacent to the Peregrino feld in Brazil that theyre already ramping up production on. They believe at least 600 million barrels of oil are in that feld. By April 2012, they estimate that theyll be pumping up to 100,000 barrels a day. Thats good news on the earnings front and in turn the future stock price. Another possibility to consider that would be bad for the world but good for Statoil is the ever-looming risk of a war between the U.S. and Iran (or any other rogue oil-producing nation in the Middle East for that matter). Any kind of protracted battle will cause the price of oil to skyrocket. Certainly, though, war isnt the only driver of higher oil prices. In this ailing global economy, with most major countries stumbling along at a meager 0.50 to 2 percent of GDP growth per year, oil has sustained higher prices. The Saudi Arabian oil minister set a target of $100 per barrel, meaning Middle East oil producers will do their best to keep oil prices in the triple digits. Now, what will occur if much of the world returns to average GDP growth of 3 to 4 percent annually? The price of oil would likely shoot through the roof. Higher oil prices arent going to be good news for many people. Well all hate the elevated prices of gasoline at the pump. But those of us who own an oil stock like Statoil that benefts from the rise of oil and yields a 4.60 percent dividend wont be sweating it like everyone else. Uncommon Income Play No. 3: Copper and Gold If theres one thing that is widely used throughout the global economy in industry, its copper. Copper is in our homes, offces, electronics, appliances, and cars. Its deeply woven into the fabric of the economy in the U.S. and worldwide. If the global economy is recovering, then the price of copper rises. If the global economy is slowing, the price of copper dives. With that in mind, the demand for copper has really picked up overall since 2004, even though it has had a very volatile ride along the way. It has experienced some dives in that time, including one in 2011 as the global economy slowed, but overall, its trajectory is positive. (Chart 12) In my opinion, the 2011 correction in copper is likely over. In January 2012, copper began to rise in price again, demonstrating a likelihood that the global economy is in recovery mode. As that takes place and countries like China and India increase copper demand with more cars on the road and more disposable income among their work forces for items like appliances and electronics, the limitations of supply will drive up prices. This is all good news if youre a copper miner like Freeport-McMoRan Copper & Gold Inc. (FCX). This company mines gold and copper (hence the name), meaning it has the beneft of a metal driven by industrial demand and one that has served as a hedge against a devalued U.S. dollar. Fundamentally, Freeport-McMoRan posts solid numbers. As of this writing, it had a price-to- earnings ratio of 7.33 percent and a dividend yield C h a r t
1 1 Norwegian oil company Statoil (STO) has risen since 2009, a trajectory that shows few signs of slowing in a world where oil is getng more and more expensive and politcally fraught with tension. Well-run oil companies will beneft from this tumult. SOURCE: StockCharts.com. Statoil is one of the most fundamentally sound oil stocks with one of the highest dividends of any oil stock out there. 28.5 25 22 19 16 13.5 Jan. 09 Jan. 10 Jan. 11 Jan. 12 8 UltmateWealthReport.com Special Report of 2.38 percent. Its gross margins were 49.78 percent, and its return on equity was 40.11 percent. This is a solid company that mines material the world is hungry for. Entering 2012, as the price of copper was breaking upward, Freeport-McMoRan has done the same, which is no coincidence. See it below. (Chart 13) China thirsts for more of the metal. It imported a record 508,942 tons of copper in December 2011, up 13 percent from the previous month and up 48 percent from 2010, according to The Wall Street Journal. This is important because China consumes 40 percent of the copper produced each year and the rest of the world consumes the rest. So China is responsible for a big slice of the pie. Meanwhile, copper stockpiles recently hit a two-year low, so it wont take much demand placed on the limited supplies to produce higher prices. Freeport-McMoRan is a great play on U.S. infation and global expansion, the growth of China and India in particular. If youre a believer in these, then youre a believer in the rise of coppers price and the stock price of Freeport- McMoRan over time. Renegade Prots for the Long Run After reading this report, you now have three uncommon income plays to bolster your investment portfolio. While millions of people are depositing money into savings accounts that earn 0.10 to 0.50 percent or putting money into U.S. dollar-denominated CDs that earn about 1 percent, you have incredible options to consider. Dont be one of the savers who lose the war against infation, currently growing at a destructive pace of 3 to 6 percent a year. In this environment, I encourage you to not be a sheep meekly settling for paltry returns. You deserve better. Instead, be a renegade! C h a r t
1 3 In 2011, Freeport-McMoRans stock price slipped in the third quarter (in which a lot of stocks took a beatng). In my opinion, it only made the miner a beter value for those buying and holding for the long term, positoning to ride the global rise of copper. SOURCE: StockCharts.com Investng in FCX is like buying copper and getng a 2.38 percent dividend to boot. 58 48 43 38 33 29 Feb Mar Apr May Jun. Jul Aug Sep Oct Nov Dec 2012 C h a r t
1 2 Copper is an important commodity used in all types of manufacturing, and economies in growth mode like China hunger for the metal. So its no surprise to see the surge in demand, as depicted in this chart. SOURCE: TradingEconomics.com Despite bumps, the demand for copper contnues to rise. 500 400 300 200 100 0 1/00 1/02 1/04 1/06 1/08 1/10 1/12 2012 Ultimate Wealth Report. All Rights Reserved. The Ultimate Wealth Report is a monthly publication of Newsmax Me- dia, Inc., and Newsmax.com. It is pub- lished for $99 per year and is offered online and in print through Newsmax.com and Moneynews.com. For rights and permissions, contact the publisher at P.O. Box 20989, West Palm Beach, Florida 33416. To contact Ultimate Wealth Report to change e-mail, subscription terms, or any other customer service related issue, simply email customerservice@newsmax.com or call (888)766-7542. Chief Exective Offcer CHRISTOPHeR RUDDy Financial Publisher AARON DeHOOg Senior Financial Editor SeAN HyMAN Editor MICHAeL BeRg Art/Production Director eLIzABeTH DOLe DISCLAIMeR: The owner, publisher, and editor are not responsible for errors and omissions. This publication is intended solely for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or sell or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. In no event should the content of this market let- ter be construed as an express or implied promise, guarantee, or implication by or from Ultimate Wealth Report, or any of its offcers, directors, employees, affliates, or other agents that you will proft or that losses can or will be limited in any manner whatsoever. Some recommended trades may involve securities held by our offcers, affliates, editors, writers, or employees, and investment decisions may be incon- sistent with or even contradictory to the discussion or recommendation in Ultimate Wealth Report. Past results are no indi- cation of future performance. All invest- ments are subject to risk, which should be considered before making any investment decisions. Consult your personal invest- ment advisers before making an invest- ment decision. Please view our Terms of Use for full disclosure at www.newsmax. com/terms.html. Copyright 2012 Ulti- mate Wealth Report. Ultimate Wealth Report
2.a Study On Comparative Analysis of Risk and Return With Reference To Selected Stocks of BSE Sensex Index, India', The International Journal's Research Journal of Social Science & Management