Round Rock Wealthbuilders June 2013 Meetup

  • June 6, 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.

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.  At the May meetup a member presented 18 potential breakout stocks, and explained her criteria for finding and selecting the stocks.   

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 5 new attendees and 38 returning members at the May 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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  • Dan Caldwell - Wealthbuilder's o

    Interesting opinions, both bullish and bearish. Local real estate is HOT!

    1 · June 9, 2013

  • Randy J.

    I wanted to comment on George Soros buying 25M in gold. His net worth is $22B so this equates to a millionaire spending $880 in gold. Not impressive when you look at it this way. Soros also donated $8B during the last 30 years; so a $25M purchase in gold is not substantial for him.

    1 · June 8, 2013

    • Derek H.

      In the interview, Soros makes some somewhat contradictory comments about gold. Soros said regarding gold that he did “not expect gold to go down” due to central bank adding to their gold reserves. Soros notes that “the public” has been selling gold because they are “disappointed” because gold is “meant to be the ultimate safe haven” and yet is has not acted that way despite the “euro being close to collapsing last year”. In the aftermath of the euro nearly collapsing, Soros says that gold was “destroyed as a safe haven” and “proved to be unsafe”.

      Soros can speak cryptically at the best of times and his choice of words are very important. Soros spoke in the past tense, using the words "was" and "proved" in relation to gold not being a safe haven during the euro crisis of 2012. It is worth noting that the public perception is inaccurate as gold rose in all fiat currencies in 2011 and again 2012.

      June 8, 2013

    • Johnny

      While I agree with Dan's advocacy for owning gold, I am still on the fence. The metal itself is not cheap (enough). $1,400 is the mining average "all-in" production cost, with frequent quotes of $900 "cash costs". But if we look at specific mining co's simply on their fundamental merits, we get a market sector sporting future p/e's at 7 and dividend outlays of 4-5%. The oversold mining sector warrants a value contrarian's interest.

      June 8, 2013

  • AreJay

    Counldn't make mit last night ... sooo any mention of Tesla, the current hot stock.

    June 7, 2013

  • Derek H.

    David, can you get added as Organizer? I have some private observations to make so how do I contact you?

    June 7, 2013

    • Carol B.

      page and under their name is a little link that says "send email" or a link that say "report/block"­ Just click on the send email link.

      June 7, 2013

    • Derek H.

      He was not listed, now he is. QED!

      June 7, 2013

  • Carol B.

    Awesome as always!

    June 7, 2013

  • Gayle C.

    My first time. I thought it was very interesting and in a relaxed atmosphere. Some of the information was beyond my knowledge and understanding.

    June 6, 2013

    • Derek H.

      Gayle, don't be afraid to put up your hand and say you don't understand. Chances are others are feeling a little lost too, while others think they know but may not. The organizers will be only too pleased to explain and educate.

      June 7, 2013

  • A former member
    A former member

    This was my first time to the group. I want to the give a big thank you for all the great information, really gave me some hope that I would someday be able to manage my investments without a financial advisor. You guys were great!!! Can't wait till next time.

    June 7, 2013

  • Stephen T.

    I never tire of the info and good vibes at these meetings. Thank you for the effort.

    June 7, 2013

  • Mauris B.

    Hello

    June 6, 2013

  • Rodney Y.

    see you there

    May 31, 2013

  • Jay G.

    Looking forward....missed last two meets

    May 30, 2013

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