Maximizing Profits in Turbulent Times: Rick Rule On Preparing Your Investments for the Recession
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- čas přidán 5. 05. 2024
- Today’s guest is Rick Rule, a legendary investor known for his expertise in natural resources, including agriculture, alternative energy, forestry, oil and gas, mining, and water. He is the founder of Sprott US Holdings, which he later merged into Sprott Incorporated in 2011.
He joins me today to discuss his investment strategy and how listeners can best prepare their portfolios for the forthcoming recession.
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Never a dull moment with Rick Rule, fantastic interview
Agree wholeheartedly! thanks for watching!
Fantastic interview with one of my biggest mentors. Thank you for asking Mr. Rule some great questions, it was a pleasure to listen to.
Thank you so muh for watching, I'm; glad you enjoyed it!
not your mentor
@@rickfool1452 mine not yours
I love listening to Rick and have seen many of his interviews. I would say that he REALLY enjoyed your approach and questions. I think he found it stimulating compared to others. Well done!
THANK YOU very much! Be sure to subscribe and check out all of my interviews!
One of the best presentation on money, assets, and hence investment to manage wealth. He is bottom line guy. Beautiful.
Thank you - glad you found value in it!
The best interview ive seen with Mr. Rule and ive seen alot.
Thank you! That's a HUGE compliment!
Great discussion!!!
Rick was on fire!
He sure was! Thanks for watching!
I follow Rick Rule closely, and I believe this was the first time I’d pick up on a reference to Whole Life insurance that he subtlety dropped at the 1 hour mark in the interview. That implied suggestion is pure gold IMO. Contractually guaranteed liquidity that pays to own it. I take a “modified” dragon portfolio approach and as MUCH as the family can be underwritten for, replace the bond portfolio allocation of that approach to Whole Life. ~20% gold and ~20% whole life and we have a rock solid liquidity position while also a waterfall to future generations. That 40% of portfolio is then leveraged to finance/optimize the investment of the other 60%
great catch, and thanks for the comment!
Can you please speak a bit more in depth about your allocations? Who do you use for whole life insurance? Can you please speak to how you allocate the other 60 percent of your portfolio? Thank you.
@@ruanddu at the moment I’ve been deviating from my normal allocations as I see a bubble in nearly every pillar of the economy: equities, real estate and bonds. I’ve almost completely gotten out of stocks - moved that into a few syndications. The only stocks at the moment are some gold royalty and oil & gas which I’m collaring, but mostly sidelined waiting on a correction that I believe is likely - once it does, I’ll be pouring into commodities. Still hold about 20% in rental properties, but have been peeling back there as well. I strongly believe that liquidity is increasingly going to become highly important soon, so have been overweighting in precious metals and moving equity from the rental properties into cash value life insurance as regularly as we can.
thank you! Can I please ask what oil and gas companies you are investing in? Do you invest in gold and silver or other precious metals? Do you invest that in coins and/or Sprott PSLV, etc? Thanks. I am always trying to learn so appreciate more perspectives.
@@ruanddu a handful, but I like XOM and KMI… dividends + collar trading for cashflow. As for precious metals, mostly gold and silver coins.
Outstanding hour!
Mr Rule is a beast. Would really love to be mentored by him! Thanks for this awesome interview 🙏🏽
Your welcome, and thank YOU!
Good compendium with irreplaceable Mr. Rule. Thanks
Thank you!
No matter how good we are, money requires LUCK.
My childhood buddy’s uncle has had a successful career for 70+ years. In 2020 one is his companies owned 4B P&P boe. They were producing 350k b a day losing $10M a day. The following year they sold it for 3.8B and a 27% stake of the new company. the year after oil went sky high. At $85/b with $55 AISC that reserve is worth $120B. Even with 12% discount and 12 year mine life it is still a $35B PV. And that is EXACTLY what the new company has gained in its stock. I just feel bad for the team who did the due diligence to sell. No matter what, their decision has cost the company $115B
Thank you!
Thank YOU!
the ruler!!
I would add to Rick rule’s comment on the question “how did China end up with trillions of US $ in Treasury?” its because the US treasuries are the largest investible security that exist globally. For example: a sovereign Chinese portfolio manager has about $15 B a month to invest. They can't go out and buy listed equities and still have liquidity if the Chinese state requires the money to invest in infrastructure.
Thanks for your comment!
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I paused this video at 51:50 to buy another ounce of gold from Silver Gold Bull lol
lol!
❤🐥⛱️
Its people like the one that speak on this video; why the world is so screwed up! Maximizing profits. That's all they care about. Their humanity goes out the window, and we wonder why America and the world is in the state that its in. Truly sad.
Do you prefer people who maximize penalties and hold people back from the true potential with taxes?
no dude, its people like you....ie- Folks who offer an "incorrect" and surface level take, to an extremely complex topic or phenomena.
You want the government to control the world, he promotes individual liberty. It's no wonder he rankles you
Just to clarify. I was speaking of attitudes, not the topic of this video. Maximizing profits.
@@Technics19 Just to clarify. I was speaking of attitudes, not the topic of this video. Maximizing profits.
lol this youtuber struggling to understand high PE in miners is due to low earnings 😂
You are right; when I don't understand something, I ask questions. It is the best way I have found in my life to learn. Please feel free to explain to me a better way to learn, or maybe you are implying I am stupid and everyone is born with this knowledge. I am just a simple guy; maybe someone with your life experience and wisdom can educate me on which of the two it is