What do Millionaires See That Others Don’t?

Morning Folks!

As I have stated over and over since June, the recession is over and the boom has begun. I summarized things here just last week. Now what am I seeing that so many others are not? But an even more important question is asked by cnbc.com in a story today.

"What do millionaires know that we don't? Optimism hits high"


"The Spectrem Group's Millionaire Confidence Index, which measures the investment outlook of the wealthy, reached its highest limit in its 9½-year history. After bumping along in single digits since the recession, millionaire confidence suddenly spiked to 23."

"Basically, that means millionaires—those with $1 million or more in investible assets—are poised to move some of their huge piles of cash off the sidelines and into the market. The last time the index hit 23 was when it launched in 2004."

Rick Schwartz

 



19 thoughts on “What do Millionaires See That Others Don’t?

  1. Josh

    If they have piles of cash sitting on the sidelines, and they’re getting ready to move into something other than cash, then they probably see inflation coming. It’s what I see coming. There is no other answer for the Fed buying our own debt, monetizing our own debt, printing money, quantitative easing.

    Reply
  2. UFO

    @Josh

    I’ve been arguing for a while that all this excess liquidity is being mopped up into asset inflation rather than price inflation simply because workers have less collective strength. The flip side is that while asset inflation may run and run if full employment starts becoming more of a likelihood then we could see some rapid spikes in employee remuneration and then assets will spike even more (The second wave push).

    Inflation in terms of consumer prices is about 2 years away imho. Property assets etc will run for the rest of the cycle which I predict as 5 years.

    Stated at the start of the year when the DOW was 14100 that fair price was really something 14400 to 14900 with year end of 15200. The DOW tries to push past 15200 but never seems to maintain it. End of next year, DOW 17000.

    Reply
  3. UFO

    Nb: The next world crash will come from the East, China with a major implosion of property prices and massive and widespread defaults (Banks etc). It will be worse than the last but shorter assuming the West is prepared for it well in advance.

    Reply
  4. Jeff Schneider

    Hello Rick,

    As I am on record in your Archived info. for “The Dumb File Feb. 25th 2013 ” We are in the very early stages of a Secular Bull Market . Back then I recod. some 3x stock performers to date. Check it out.

    Rick you are right on the money!

    Gratefuly, Jeff Schneider (Contact Group) (Metal Tiger)

    Reply
  5. Jeff Schneider

    August 24th, 2012
    Hello Rick,
    I am with you, I know from past experience that diets are short term fixes that always lead back to the same lifestyle. You have to change your lifestyle to be truly successful. I am currently at 195 going back to 165. A serious back injury set my lifestyle in a tailspin. Unlike you though I am usually a kinesthetic exercise guy, and am headed that way again. I recently danced for the first time in 5 or years, and accept for a little soreness I am OK. This was an impossibility for a while, and I am looking forward to skiing this winter.
    I use many of your techniques myself, and find easy does it patience is the key. I was living to eat for a while and now I am eating to live. Life is all about choices.
    Speaking of choices = For those interested I have taken Qihu off my watch list and have it as an outright Buy now, I am advising clients to buy aggressively under 20$ a share for a potential 3X current price return. I personally own no shares of this company.
    We expect Bull to continue through the year and expect huge upside day with follow through on heavy volumes straight ahead,possibly even today.
    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

    UPDATED : Qihu is now 3x and approaching 4x rapidly from 20 to high 80s

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

    Reply
  6. Jeff Schneider

    Hello Steven,

    NQ still looks great here at 23 and change.

    Originally recod. here on Ricks Blog 8-1-13 at 15.76

    I cannot gurantee a 3X, but I can assure you it has the potential.

    Gratefully,

    Reply
  7. steve cheatham

    You got it Rick. It is cash flow time again. Domain names are hot properties. When the land rush starts for the new tlds things will get really crazy. And there will be success and failures as always. Saddle up!

    Reply
  8. Dave Bross

    We speak of crashes…

    That’s when those with money to invest can really clean up.

    Everyone operating at Rick’s level (and with his savvy) usually comes through a downturn way ahead. Almost like it never happened at that level.

    You want to have stuff those folks with cash on hand will buy.
    Stuff that isn’t going for fire sale prices, that is.

    We’ve also had regularly scheduled crashes every 8-10 years since WW2.

    The party then puke school of economics.

    Pick any chart that shows what’s been happening in the economy since WW2 and see if you don’t agree.

    OK, synchronize your watches, starting at 2007……

    Will damn good domain names be a survival investment of the future for us lesser (but smarter than the average bear) mortals?

    Pretty good bet methinks.

    Reply
  9. John

    Buy GOLD stocks. They are so cheap and and the governments all over the world are printing more and more useless pieces of paper they call money

    Reply
  10. NEIL

    A millionaire can see the blue sea and the blue sky…
    All I can see is my supervisor who is harassing.me
    Awesomest.net!

    Reply
  11. Jeff Schneider

    August 24th, 2012
    Hello Rick,
    I am with you, I know from past experience that diets are short term fixes that always lead back to the same lifestyle. You have to change your lifestyle to be truly successful. I am currently at 195 going back to 165. A serious back injury set my lifestyle in a tailspin. Unlike you though I am usually a kinesthetic exercise guy, and am headed that way again. I recently danced for the first time in 5 or years, and accept for a little soreness I am OK. This was an impossibility for a while, and I am looking forward to skiing this winter.
    I use many of your techniques myself, and find easy does it patience is the key. I was living to eat for a while and now I am eating to live. Life is all about choices.
    Speaking of choices = For those interested I have taken Qihu off my watch list and have it as an outright Buy now, I am advising clients to buy aggressively under 20$ a share for a potential 3X current price return. I personally own no shares of this company.
    We expect Bull to continue through the year and expect huge upside day with follow through on heavy volumes straight ahead,possibly even today.
    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

    UPDATED : Qihu is now 3x and approaching 4x rapidly from 20 to high 80s

    2nd. UPDATE : Qihu is now Quadrupled in value since my RECO.

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

    Reply
  12. Steven Chang

    Jeff, thanks for your goodies. Took your NQ trade, but exited too early!!! Let us know what else big money is eyeing on (GOOG is lighting up the fire in tech).

    Reply
  13. Jeff Schneider

    Steven,

    Have been making low key recommendations on Ricks Blog for years, for those who are believers, in a very low key fashion. (Pay it Forward)

    I only recommend companies who I Intuit can Triple in value Potential.

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

    Reply

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