ATTENTION: The Round Rock Baha'i Center is unavailable February 7th, so the meetup will be a week early, Thursday, January 31st.
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 January meetup the focus shifted to fundamentals and away from short term volatility to learning how to spot oversold/undervalued opportunites created by hedge fund HFT (high frequency trade) anomalies, and learn how to take advantage of them. With Fed committed to pumping $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. Bonds have already lost all of 2012 gains.
Even though gold and silver and the respective mining stocks had been heavily sold off (again) in December, 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. - is hitting record levels the first week of January, overwhelming the bearish sentiment. In the mining world rock trumps paper. With Bassel 3 now up and running, even though the agreement is being delayed by Western banks, Asian banks are coming on board, Since January 1st gold moves back to being a TIER 1 asset with banks, one of the reasons central bank buying has accelerated.
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 Dec. meetup 3D Printing with who's who, fundamentals of the major players, outlook going forward, and technical signals were shared with attendees.
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. Mortgage lending appears to be rebounding for people with good credit scores. 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 52 returning members at the December 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.