Kenneth D. Worth
Kenneth D. Worth
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Kenneth D. Worth
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ABOUT
Author of the book, Peak Oil and the Second Great Depression (2010-2030), A Survival Guide for Investors and Savers After Peak Oil.
The book presents a fairly conservative strategy for growing savings in an world of declining conventional crude oil supply. We entered that world in 2005. Despite the tripling of crude oil prices, crude oil production is lower now in 2011 than it was six years prior in 2005.
Welcome to the post-Peak Oil world. The declining availability of crude oil will obviously have a tremendous impact on the global economy. I discuss some of the likely consequences of Peak Oil on the global economy.
The book also discusses an investing strategy for a world of declining crude ...More oil production. The Model Portfolio presented there (published June 30, 2009), investing in equities and commodities including precious metals, was up 35.61% between July 1, 2010, and April 8, 2011 (not including dividend income of approximately 1.7%.)
Over the same time period, a diversified proftolio holding 60% Vanguard Total Stock Market Index Fund (VTSMX) and 40% Vanguard Total Bond Market Index Fund (VBMFX) was up only 17.73% (not including dividend and interest income of approximately 2.3%.) The S&P 500 Stock Index was up 28.72% during the same time period. The S&P 500 has a current yield of 1.7%.
The book presents a fairly conservative strategy for growing savings in an world of declining conventional crude oil supply. We entered that world in 2005. Despite the tripling of crude oil prices, crude oil production is lower now in 2011 than it was six years prior in 2005.
Welcome to the post-Peak Oil world. The declining availability of crude oil will obviously have a tremendous impact on the global economy. I discuss some of the likely consequences of Peak Oil on the global economy.
The book also discusses an investing strategy for a world of declining crude ...More oil production. The Model Portfolio presented there (published June 30, 2009), investing in equities and commodities including precious metals, was up 35.61% between July 1, 2010, and April 8, 2011 (not including dividend income of approximately 1.7%.)
Over the same time period, a diversified proftolio holding 60% Vanguard Total Stock Market Index Fund (VTSMX) and 40% Vanguard Total Bond Market Index Fund (VBMFX) was up only 17.73% (not including dividend and interest income of approximately 2.3%.) The S&P 500 Stock Index was up 28.72% during the same time period. The S&P 500 has a current yield of 1.7%.
SNAPSHOT
- Description: Professional Blogger. Trading frequency: Infrequent
- Interests: ETFs, Options, Retirement savings
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Book
Peak Oil and the Second Great Depression (2010-2030) The years 2005-2008 was the peak of global conventional oil production. Even the International Energy Agency now states that the global peak in conventional oil production occurred in 2006. This fact will have tremendous consequences for the global economy and for investors.
Some of the decline in ...More
conventional production will be mitigated by the availability of biofuels, unconventional production (e.g. Canadian tar sands) and other very difficult to extract and otherwise very expensive resources. Nonetheless, global liquid fuel production will decline significantly over time. Investors would be well-advised to position themselves accordingly.
The Model Portfolio presented in the book (published June 30, 2009), investing in equities and certain commodities including precious metals, was up 35.61% between July 1, 2010, and April 8, 2011 (not including dividend income of approximately 1.7%.)
During the same period, a diversified proftolio holding 60% Vanguard Total Stock Market Index Fund (VTSMX) and 40% Vanguard Total Bond Market Index Fund (VBMFX) was up only 17.73% (not including dividend and interest income of approximately 2.3%.) The S&P 500 Stock Index was up 28.72% during the same time period. The dividend yield of the S&P 500 is currently 1.7%.
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