Round Rock Wealthbuilders Mar. 2013 Meetup

  • March 7, 2013 · 7:00 PM
  • Round Rock Baha'i Center

Round Rock Wealthbuilder's is dedicated to networking with like minded people to identify and find the opportunities the stock market or CenTex real estate and helping each other grow toward financial independence, and protecting what we've accumulated.

At the February meetup the focus shifted back to key technical indicators which forecast a weak February.  With Fed continuing to pump $85 billion a month into the banking system the money has to go somewhere, and right now it's going into risk assets, and out of Treasuries.  Which means the stock market could continue to grind higher, in spite of lofty valuations, high margin levels, and record amount of insider selling, even as the consumer and retail sector contract. What's fueling the rally? We'll explore this in greater detail at the upcoming March meetup. 

Bonds have already lost all of 2012 gains.  Energy and fracking were a big topic of review at the last meetup, and with the high volume of water demand for fracking, it was pointed out to the group that fracking may soon run out of water, given current draught conditions, slowing down growth is the sector, and suggesting that members who've had profits in the sector may want to consider locking in some of those gains. 

Even though gold and silver and the respective mining stocks had been heavily sold off (again) in 2013, they have put in a technical double bottom with positive divergence.   Demand for physical delivery of coins and bullion from sovereign mints - U.S., Canada, Australia, Britian, Austria, etc. - continues with record demand, in spite of mainstreem media overwhelming the bearish sentiment.  Currency wars are heating up, as global Central Banks rush to debase their own currencies to give their economies a preceived export edge, which is long term bullish for gold and silver.     

A regular agenda item is the "Wisdom of Crowds" stock picks. Members who wish to present a stock to the group are given a couple minutes to say why they think the stock is a good investment. At the Feb. meetup Apple (APPL) was again profiled, with both bullish and bearish points of view and several charts with technical signals reviewed.    

Austin R/E is doing well, with several R/E brokers/investors in the room informing the group that they're seeing more buyers than sellers, and seeing multiple competing offers for the same SF unit.  In fact, avg. days on market in Williamson County is down to 0.5 days.  Growth in Wm. Cty is accelerating, with the Wm. Cty P&Z forecasting population growth of 50% in the next 7 years. An estimated 4,600 people per month are relocating from other states to Central Texas (U.S. Census), keeping a floor under the local housing market.

Central Texas continues to be an attractive destination for retirees in general for it's low tax rate (Texas is #7 for lowest tax rate in the US), affordable housing, quality health care facilities, growth rate, temperate climate, and diversity of culture and other activities (Austin is ranked #4 as a best place to retire).  

There were 7 new attendees and 46 returning members at the late January meetup.  All new and experienced investors are invited to a monthly Wealthbuilder's of Round Rock meeting, free of charge, now in it's 9th year. The evening's program is sponsored/chaired by two long time Round Rock successful investors who offer their combined outlook, including technical and fundamental analysis, on investing and trading opportunities for the coming month. Wealthbuilder members also include active real estate investors who share with the group their outlook on the greater Austin area real estate market.

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  • Derek H.

    To the speaker's caution about excess equity bullishness I would add my latest editorial cartoon at Caveat Emptor!

    1 · March 8, 2013

  • Dan Caldwell - Wealthbuilder's o

    Market making new highs, in spite of weak PMI data, high insider selling, weak consumer spending, still tight credit. Group explored underlying drivers pushing market up, and why it will probably continue to rise. Good meeting!

    2 · March 8, 2013

  • SAM M.

    It was very educational. I always learn something new.

    March 8, 2013

  • SAM M.

    I am looking forward to it.

    March 1, 2013

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