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 March meetup the focus shifted back to sentiment indicators which forecast a weak March, BUT 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. At the meetup we forecast that 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. Of concern now is whether it can continue to grind higher, or it is getting frothy??
Bonds have already lost all of 2012 gains. Energy and fracking continue to be a big topic of review at the 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 in Q1 of 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 March meetup Amazon (AMSN) was profiled with a recommended SELL, 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 continuing to see 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 4 new attendees and 45 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.