Money manager with 40 years experience / Geopolitical analyst US intelligence community
Contributor's Links: Stanford Wealth Management

Joseph L. Shaefer is the CEO and Chief Investment Officer of Stanford Wealth Management, LLC, a Registered Investment Advisor.
Retired senior executive of Charles Schwab and Co. Retired (36 years) active and reserve military service -- six in special operations, the next 30 in the ... more

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Will Chevron's LNG Plant At Kitimat B.C. Ever Be Built?
Yes, it most likely will, in fact a number of recent events make it more likely than ever.
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What Is An ETF Fund?
ETFs have taken the investing world by storm. Their popularity has begun to eclipse the popularity of many traditional mutual funds. But just what is an ETF? In what ways are these investments different and how does one acquire them?
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2019: A Good Year For 'Stealth' Long-Short Funds
It is a tough job to know when to be more long than short or short than long. However, here are some balanced funds, tactical allocation funds and even a DIY idea that might just fit the bill during a difficult market environment.
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Is There A Long/Short Fund Worth Buying?
There are more than 25 ETFs that claim to be long/short funds and more than 100 traditional mutual funds that claim the same. However, most of these are merely put and call option writing income enhancers. But a few are worthwhile during these times.
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Looking For Shelter From The Storm? Consider These Strategies
One way to beat the benchmarks is simply to decline less during downdrafts like yesterday as well as during serious bear markets. This can be done by how you mix different asset classes in your portfolio and by keeping losses from spiraling.
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Buy This Ground-Floor Mutual Fund And Sleep Well At Night
If your goal is to protect what you have with a portion of your portfolio, here is a rock-solid base for your investing pyramid.
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Comments

Latest Comments
Here Comes “The Fed Is Meeting!” Folly, Right On Schedule
2 years ago

At least we don't have to wait long to find out if this plays true again this time...

;>}

In this article: O, WPC, MGEE
There Are Preferred Stocks And There Are 'Preferred' Preferreds
2 years ago

By the way, if anyone prefers ETFs to mutual funds, FPE is my favorite preferred ETF. It also owns a number of resettable preferreds and has a slightly lower expense ratio of 0.85%, but has also not done quite as well in total return as the managers at NPSAX.

In this article: GE, GS, JPM, WFC, NPSAX
There Are Preferred Stocks And There Are 'Preferred' Preferreds
2 years ago

Thank you for commenting, Ms Klein. I appreciate you catching that typo! Yesterday was an interesting time here at 7000 feet at Lake Tahoe. We lost power for a short time, my neighbor's roof collapsed and I had to hack down a massive ice dam at my place during what is likely to be our last "big" blizzard of the season. As this variation of the old saying goes, "Post in haste, repent at leisure." Thanks again!

In this article: GE, GS, JPM, WFC, NPSAX
There Are Preferred Stocks And There Are 'Preferred' Preferreds
2 years ago

...and a special Tip o' the Hat to reader Bill Johnson who must have thought, "Really? Joe thinks a 1.7% expense ratio is a good thing???" and researched it on M*. I can't edit the article once published but I'll ask the editors to fix it right now. THANK YOU.

Joe

In this article: GE, GS, JPM, WFC, NPSAX
Enough With When The Fed Will Raise Rates — Get Over It
3 years ago

Joe, I can't imagine a scenario where they could do anything else. 0.25%and incrementally thereafter is how I see it unfolding when they finally begin...

In this article: CHAD, EEV, HDGE
The Insurance Industry Is A Sweet Spot For Investors Now
3 years ago

All fine firms. You might also take a look at Allegheny and Canada's Sun Life... As for the property casualty firms, a hurricane or other disaster hits their earnings for a year or so but they simply raise rates then and recoup. Interesting business model!

In this article: BRK-A, KIE, KBWP, FXO
Is It Time To Buy Oil Companies Again?
3 years ago

Speaking from my bias as a geopolitical analyst rather than portfolio manager, I certainly hope not. Enriching a government sworn to destroy Western civilization is hardly the coup the administration has painted. Bring them into the family of nations? Wishful thinking. Expect the first lifted-sanctions windfall to go straight to Hizbollah...

In this article: TOT, STO, BP, RDS-B
Invest In “Europe?” No. In European Companies? Yes.
3 years ago

The article was written June 25, not even 20 days ago! I suppose if one's time horizon is 20 days this looks like too little "action." Our investment thesis, stated in the first paragraph, has to do with QE in Europe and the ascent of the USD. This is an investment, not a trade.

Greece, to the multinationals we favor, is nothing but an ancillary event that has little effect on their customers, revenues or earnings -- which is why I never mentioned it.

In this article: HEDJ, EUSC, DXGE
Is It Time To Buy Oil Companies Again?
3 years ago

Thanks, J Town. FYI, we recommended MPC and VLO as our choices among the refiners. And we still like the big integrateds. Nothing is certain with the Iran deal once Congress and now-snubbed US allies in the Gulf weigh in...

In this article: TOT, STO, BP, RDS-B
What Special Forces Can Teach Us About Investing
3 years ago

That's very kind of you, Marcy, but as I mentioned (maybe on Seeking Alpha / I thought here) I can fess up to being the young Captain rappelling in the first photo but by the time of Afghanistan I was an old general and they don't let the old guys have any fun at all any more! ;>)

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Wait! You Mean Markets Go Up AND Down?
666 points down in a single day sounds horrific, but we must remember the Dow was up 1430 points just in January. A 50% retracement is not unusual: parabolic rises often result in parabolic declines.
Is First Trust The Best ETF Family You Don't Know?
Barron's recently wrote an article about the best fund families of 2016. First Trust Advisors was #5. Here is what makes them different.

Work Experience

Education

Publications

Bringing Home the Gold
Joseph Shaefer
Irwin Professional Pub
02/01/1989

Bringing Home the Gold was Dow Jones' "Big Book" of 1989 in both the US and Japan. You might consider a 25-year-old book outdated -- but you might want to read this straightforward, common-sense primer before you decide! This is a book about *investing* the old-fashioned way -- doing your ...More

research, allocating wisely, selecting appropriate sectors and rebalancing effectively.