Published By Banyan Hill Publishing | | | | Published By Banyan Hill Publishing | | | | Why We Want You to Love the Game By Charles Sizemore
Chief Editor, The Banyan Edge | Banyan Nation, I saw a headline this week that got my attention: “650,000 Americans Over 80 Are Still Working.”
While the article was intended to shock its readers into action (investing for retirement), I had a very different reaction: good.
I realize there is a fine line between having a passion for your work and being a workaholic. If your obsession with work isolates you and cuts you off from the people in your life, you’re doing it wrong.
But if you love what you do, why would you ever quit doing it? Buffett’s Still Buffetting at 93  Warren Buffett is 93 years old and still running Berkshire Hathaway. His partner Charlie Munger will be 100 in January. Neither has plans to retire.
Now, let’s get real for a minute. Do I believe that Warren Buffett is as effective at 93 as he was in his 50s or 60s?
Probably not. I’m still in my 40s, and I know I don’t have the energy I did a decade ago. Clearly, at 93, Buffett isn’t putting in the hours he did in middle age, and nor should he.
But the Oracle also has decades of investment wisdom to share, and I’d argue that not only is Berkshire Hathaway a better company with Buffett in the office, the world is a better place.
There is a major difference between working because it gives you pleasure, and working because you have bills to pay. Given how modestly he lives, Buffett could have retired in the early 1960s if it was only about money.
He works to this day because he loves the game.
That’s the position we want you to be in. We want you to work for as long as it brings you pleasure. But we also want you to have the flexibility to walk away the moment it doesn’t.
And to that end, I’m excited to announce that this coming February, Banyan Hill will be hosting its 19th Annual Total Wealth Symposium.
For the first time since we heard the words “COVID-19,” we’re getting the team together in Orlando, Florida, to discuss the biggest investment themes of 2024 and beyond.
If you’d like to reserve a spot before they’re gone, go here to sign up!
And in the meantime, let’s take a look at what the team has been working on this week. | | | The U.S. Energy Information Administration has revised its 2023 oil forecast, saying in 2023, crude oil output is expected to surpass “the record high level set in 2019.” And for a limited time, you can get all the details on Adam O’Dell’s #1 oil stock right now. An oil miner he’s expecting will hit at least 100% in the next 100 days. Click here to get all the details now. | | | Weekly Recap  - #1 Crypto to Buy Before 2030
Bitcoin tends to get most of the headlines in cryptocurrency, and it was certainly the first mover. But the most valuable crypto will someday be Ethereum (ETH), and is part of a turning point in the crypto industry. ETH has “real-world” utility and will serve as the building block of the new, decentralized internet.
- The Mother of All Mega Trends
Some of the biggest mega trends of this decade are financials and semiconductors. It’s been all the rage for 2023, and we’re looking at a multitrillion-dollar industry in its early stages. But there’s one mega trend that is even bigger … and completely inevitable.
Charles Mizrahi’s latest newsletter issue also details how you can buy into this trend. Go here to see how you can get access.
- A Money Drainer That’s Trapping the Masses
Investors allocated $94 billion to structured notes last year. But are they really worth the hype as an investment? People seem to like the limited downside these notes offer. Let’s take a look at an example to understand how it works, and to see if these are really worth the hype…
- This “Baton Pass” Trading System Did 300X the S&P 500
Adam O’Dell unveils his brand-new “systematic” trading strategy. With just 10 stocks a month, you can properly balance your portfolio and beat the odds with even more surety. The system relies on momentum, and has been able to beat the S&P 500 by 300-to-1…
Mortgageland Update: NYC Bans Airbnb  (From YahooNews.) Before I sign off, I want to give you a quick update on the housing market — specifically about mortgage rates.
While the average 30-year mortgage rate has dipped slightly over the past week, it remains stubbornly above 7%.  (Click here to view larger image.) With rates at these levels, a broad slice of American homeowners are effectively trapped in their homes. If they bought or refinanced their home when mortgages went for 3%, selling their home to buy a new one would mean a major increase in the monthly payment … even if you potentially downsized to a cheaper home.
This is taking supply off the market, ironically keeping prices higher than they “should” be in this interest rate environment.
So, what’s the straw that breaks the camel’s back here? What causes home prices to finally drop?
I have a few ideas, but this one stuck out to me the most this week…
New York City effectively banned Airbnb in its current form, citing the fact that apartments converted into de facto hotel rooms reduce the inventory of homes for people that actually live in New York, thereby inflating prices.
That’s probably right, actually. And it will be interesting to see if property prices in NYC sink over the next year … and what cities might follow next.
But in the meantime, I hope you have a great weekend!
And be sure to tune in to The Banyan Edge Podcast on Monday. I’ll be interviewing John Wilkinson, who will be giving us a sneak peek of the Total Wealth Symposium.
Until next week,
Charles Sizemore
Chief Editor, The Banyan Edge | | | Warren Buffett has recently invested $350 million into Occidental Petroleum. Making Berkshire Hathaway’s holdings in the oil and gas sector over $40 billion. Yet, Occidental is NOT the most exciting oil opportunity today. Instead, there’s a little-known North Dakota oil miner that Chief Investment Strategist Adam O’Dell is expecting will hit at least 100% in the next 100 days. Click here to get all the details now. | | | Get The Banyan Hill App And start experiencing that "total wealth" freedom for yourself. | | | (c) 2023 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096) Legal Notice
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