Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy
America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts of government debt to make it work. Their pension system will run out of funds in less than seven years. To fix this mess will take time and require pain and financial sacrifice from everyone. A reality, that the American voter, is in complete denial.
All content for Making Money Minute with Ron Hiebert is the property of Ron Hiebert and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy
America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts of government debt to make it work. Their pension system will run out of funds in less than seven years. To fix this mess will take time and require pain and financial sacrifice from everyone. A reality, that the American voter, is in complete denial.
Making Money Minute with Ron Hiebert - Concentration & Returns
Diversification in a portfolio is important because it spreads your risk across many assets and lowers exposure to any one of them. The problem, is you seldom get market beating returns owning dozens or even hundreds of securities. Oversized gains require concentrated portfolios. For example, Bill Gates has a 50 billion dollar investment portfolio. 79% of it is in only 4 stocks - Microsoft, Waste Management, Berkshire Hathaway and Canadian National Railway. The stocks high quality lessens the risk, but the concentration danger that goes hand in hand with oversized returns is still there.
Making Money Minute with Ron Hiebert
Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy
America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts of government debt to make it work. Their pension system will run out of funds in less than seven years. To fix this mess will take time and require pain and financial sacrifice from everyone. A reality, that the American voter, is in complete denial.
