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.
Even though gold and silver and the respective mining stocks had been heavily sold off in 2013, they appear to 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.
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 55 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.