NOVEMBER 20, 2008

“The Forever Portfolio” by James Altucher

Warren Buffett once said, “My favorite holding period is forever.”  Apparently, James Altucher, President and founder of Stockpickr, agrees with him. He wrote a book called “THE FOREVER PORTFOLIO: How To Pick Stocks That You Can Hold for the Long Run“, and during an interview on CNBC yesterday, Altucher suggested investing in companies providing services in the following areas:

• Obesity: 33 billion dollars are spent each year on services for the obese.

• Dirty Water: Developing countries are finding it much harder to deliver clean water to their growing populations, and companies that sell clean water treatment technologies will thrive.

• Luxury: The rich are recession-proof, and the stocks of luxury producers make a great hedge against any slowdown in the global economy.

Now I’m no financier, that’s for sure, but from a New Persuasion point of view, his advice makes perfect sense. The future looks a lot more predictable when you actually take the time to pay attention and study the trends/issues that are presently hidden in plain view.