By subscribing to one or more of the many investment newsletters published today, you can, in effect, hire an experienced investor to "show you the ropes."
PHOTO: FOTOLIA/VLADIMIR VORONIN
The Economic Outlook column delves into various financial publications that provide a list of recommended investment newsletters with experienced investor information to help MOTHER's readers choose wisely.
A SAMPLING OF RECOMMENDED INVESTMENT NEWSLETTERS
When, usually after years of labor, the family income exceeds the demands of the monthly budget, many people find themselves wanting to put their extra cash to work. And while certificates of deposit, IRAs, and savings accounts are probably the first steps taken, some of those neophyte investors will, sooner or later, begin to daydream about entering investment arenas that hold potential for greater returns. However, the possible rewards to be won in the stock market or in the purchase of precious metals or collectibles are balanced by equally great risks, and all too often a beginner will find him- or herself paying a heavy fee in losses while learning the rules of the game.
There is, however, a way to reduce that risk a bit. By subscribing to one or more of the many investment newsletters published today, you can, in effect, hire an experienced investor to "show you the ropes." Now it's true these limited-distribution periodicals are not inexpensive, and they're certainly not infallible, but the very fact that many of them have been around for decades can be seen as evidence that a goodly number of people have found the advice offered by newsletter editors to be well worth the cost.
The following list should serve to give you an idea of the wide range of investment newsletters available . . . though it's by no means all-inclusive. (Those newsletters marked with a star will send a free copy if you request one, mentioning that you read about their publications in MOTHER. The others charge varying prices for sample issues. When writing for price information or a free copy, always enclose a self-addressed, stamped envelope . . . and please don't take advantage of the free copy offer unless you're seriously considering subscribing to the publication requested.) We've tried to provide a little information on the particular focus of each, but your best bet is to select a few from the list below that seem to cover your particular areas of interest, then compare the sample copies before subscribing. After all, the price of a subscription can be a fairly significant investment, and investing blindly is never wise.
THE COMMODITY INVESTMENT ANALYST
($480 a year—12 issues—from TCIA Publishing Inc., Phoenix, AZ.) As the title indicates, the emphasis is on commodities (gold, cattle, wheat, sugar, soybeans, and so forth) rather than stocks.
CONSENSUS OF INSIDERS
($247 a year—52 issues—from Consensus, Fort Lauderdale, FL.) Consensus focuses on the stock market.
DAILY NEWS DIGEST
($97 a year—48 issues—from Daily News Digest, Phoenix, AZ.) Digest maintains a "conservative, free-market economics philosophy," and reports on the possible economic and social significance of world events. It also runs summaries of the opinions of editors of other financial newsletters.
DOW THEORY LETTERS
($225 a year—26 issues—from Richard Russell, La Jolla, CA.) This publication primarily covers trends in the stock market, but also advises on investment in precious metals.
FIVE POINT INVESTMENT STRATEGY
($144 a year—25 issues—from Birkelbach Corps., Chicago, IL.) This newsletter covers a wide range of investment options . . . including stocks, bonds, commodities, and currencies.
THE GARSIDE FORECAST
($125 a year—24 issues—from The Garside Forecast, Santa Ana, CA.) Forecast focuses on stock market analysis and recommendations.
THE GARY ALLEN REPORT
($63 a year—12 issues—from Gary Allen Report, Seal Beach, CA.) The Report is a strongly conservative summary of political and financial happenings.
INTERNATIONAL INVESTMENT LETTER
($147 a year—12 issues—from International Investment Letter, Arlington, VA.) The Letter offers advice about investing in overseas stock markets.
INTERNATIONAL MONEYLINE *
($282 a year—26 issues—from International Moneyline, New York, NY.) Moneyline covers the stock market, commodities, precious metals, currencies, and relevant news from around the world.
LOWE INVESTMENT & FINANCIAL LETTER
($195 a year—18 issues—from Lowe Investment and Financial Letter, New York, NY.) This newsletter concentrates on stocks and precious metals.
THE LYNN ELGERT REPORT
($225 a year—18 issues—from The Lynn Elgert Report, Grand Island, NE.) The Report focuses on stocks, bonds, and general economic trends.
MARKET LOGIC *
($135 a year—24 copies—from The Institute for Econometric Research, Fort Lauderdale, FL.) Logic follows the stock market and gold and also provides summaries of the points of view presented in other newsletters.
MYERS' FINANCE AND ENERGY *
($200 a year—12 issues—from Myers' Finance and Energy, Spokane, WA.) Myers' covers the market, commodities, precious metals, currency, and. general world and national economic trends.
THE MCKEEVER STRATEGY LETTER
($195 a year—12 issues—from Omega Financial Services, Medford, OR.) The Letter is a broad-spectrum investment newsletter, with analyses of the markets and of the world situation from a conservative/Christian viewpoint.
($75 a year—24 issues—from Newsletter Digest, Huntsville, AL.) As you'd imagine, Digest summarizes the information contained in a wide range of investment newsletters and presents the views of its editor, Al Owen, as well.
PERSONAL FINANCE *
($94 a year—24 issues—from Personal Finance, Arlington, VA.) Finance, subtitled The Inflation Survival Letter, provides investment advice in a wide variety of areas and features a column in which its editors answer specific money-related questions submitted by readers.
THE PRUDENT SPECULATOR
($150 a year—17 issues—from The Prudent Speculator, Santa Monica, CA.) Speculator focuses on stock market analysis and recommendations.
($195 a year—44 issues—from The Reaper, Phoenix, AZ.) This newsletter specializes in economic analysis, the stock market, commodities, currencies, and precious metals.
RESEARCH REPORTS *
($41 per year—24 copies plus monthly educational bulletins—from Research Reports, American Institute for Economic Research, Great Barrington, MA.) Reports offers the Institute's assessments of national and international economic developments. Subscribers also receive the monthly Economic Education Bulletin, which covers inflation, home ownership, business cycles, insurance, taxes, and personal financial problems.
($200 a year—12 issues—from Sinclair Commentary, New York, NY.) Sinclair focuses on currencies, precious metals, and other commodities.
($220 per year—semimonthly—from Stockmarket Cycles, Los Angeles, CA.) This newsletter analyzes the stock market in terms of cycle theories and makes specific recommendations in its "Model Portfolio."
THE STOCK MARKET MONITOR
($144 a year—24 issues—from Stock Market Monitor, Inc., Naperville, IL.) Monitor is another newsletter that uses cycle theory to analyze the stock market.
TAKING STOCK *
($88 a year—12 issues—from Harvey Research Organization, Inc.,Rochester, NY.) This is a fairly large (our sample copy ran 25 pages) bookformat newsletter concerning the stock market. It contains model portfolios and buy/sell recommendations as well as market analyses.
This Economic Outlook was reprinted from MOTHER's new Consumers Household Almanac for 1986, which is packed with information to help you get the most for your money. It should be available at your newsstand or bookstore now.