: Beyond diversifying your portfolio, Casey advises "political diversification"—securing a second residence in a different country to escape potential domestic instability.
: He views the dollar as a "burning match" or a "radioactive element" with a short half-life. He believes the Fed is an "engine of inflation" that has already failed its mandate of price stability. 2. Core Asset Allocation
: For those seeking high-risk, high-reward speculation, Casey points to gold mining stocks as the "only cheap place" in the market, though he warns of their extreme volatility. doug casey
To evaluate micro-cap and natural resource stocks, Casey uses a specific framework:
: The quality and viability of the project or resource. Phasing : Where the company is in its development cycle. Phasing : Where the company is in its development cycle
: Don't let fear or greed drive your trades.
: The share structure; avoid companies with too many restricted shares that could create selling pressure. Price : Whether the stock is currently undervalued. Push : What imminent event will drive the stock higher? perform rigorous due diligence.
: Assume everyone in business has an angle; perform rigorous due diligence.