Christopher Clay's  Instablog

Christopher Clay
Send Message
Born in rural West Virginia; I left the state for college. I studied accounting and finance. After a time doing tax returns and various other accounting work I realized that I had a gift for understanding business. My first stock recommendation from college went up 1,200%+ when a $7 stock... More
My company:
Worldview Investing
My blog:
Worldview Investing
My book:
Worldview Investing: A Foundational Approach to Earning Above Average Returns
  • Money Talk 0 comments
    Mar 20, 2011 7:02 PM
    Let’s talk money. My focus is usually on investing and earning above average returns.   Why? Because investing hard earned resources for the future is the action of a prudent and wise person. I’m in good company with this philosophy; just read the parable of the talents which Jesus told his disciples. Saving a little today for a better tomorrow! But this article is not going to focus on investing; it’s going to focus on two other critical areas for prudent and wise money management. I know I’m not going to win any awards here for saying what needs to be said, but if you are reading this article, if you’ve come to this site for good ideas, I have to give it to you straight.   Before investing, you must make sure you have planned for the unexpected.
    You must make sure that you’ve got insurance. This is, of course, unless ALL (100%) of your financial goals are met.   If all your financial goals are 100% met , including your children’s college savings, your retirement fund, a health care and long-term care fund, and you have established and fully funded any and all legacy trust type funds, then maybe, just maybe, you might not need insurance! 
    I’m going to keep it short and sweet; find a mutual insurance company and give them a call. If you have insurance and aren’t with a mutual company, switch. What is a mutual insurance company? Simply, it is a company in which the insurance policyholders are its owners (i.e. NOT a stock company).   Why is this important? When you purchase insurance, you are purchasing it for life, and generally in this country we live for 80+ years. Therefore, we want an insurance company that will be there 50+ years from now. There are a couple companies that have been around for over 150+ years, yes that’s right, and paying claims in the civil war! These long lasting mutual companies are exactly what you are seeking. The New York Life Company and Northwestern Mutual are the highest rated insurance and financial companies in the world and are good places to start looking. They’ve been around for so long because as mutual companies their values and mission are aligned with policy holders with 50+ year goals, and not stockholders with quarterly and yearly goals. With over 1,000 life insurance companies, New York Life sold one out of every ten policies sold in the U.S. in 2009!
    One final world on the subject; perhaps you think you aren’t buying insurance for life. If you know 100% without a doubt that you’ll hit all your financial, life, and legacy goals without getting sick, disabled or dying, then maybe you’ll share your secret crystal ball with me because a lot of people die before age 65 and something like 33% of people become disabled before 65.   As I said, this article is for the wise and prudent. Don’t just buy term insurance, which should be called short term insurance, and gamble your life goals on your ability to know the time of your death and health changes.  Don’t buy insurance from a stock market company and place your life goals at the whims of the U.S. stock market. Your choice and I have to give it to you straight.
    Now let’s switch gears. You’ve taken care of the insurance bit and that provided the safety net for your life goals, if you become disabled, sick or die your goals will still be met.   The next issue is savings. It doesn’t do much good if you are investing your money and your car breaks down and you have to liquidate an investment at a loss to fix a carburetor. Perhaps even worse, what if you lose your job? How long would you be able to survive without liquidating your investments? Savings are critical!
    This is where things get very interesting and I have some different ideas! Where and how are you going to save? The best savings rate in the country at the time of this writing was 1.35% and that is NOT saving.   I’m not even sure how it can legally be called a savings account because it seems like false advertising to me. Have you seen what has been happening to energy costs and food costs? What happens when America has to start printing another trillion dollars a year just to pay interest on our debt? Yep, BIG time inflation. The fact is that inflation is already here and you need a savings vehicle that won’t get killed by the dollars demise. 
    There are a couple of solutions. First, foreign savings accounts and/or foreign CD’s are an easy and low risk solution. There are a lot of options here. If you are interested in specific recommendations and instructions on how to do this, visit me at   Many foreign depository accounts in stable, economically viable, fiscally responsible nations are earning interest at multiples of U.S. accounts. Even more importantly, these accounts are not denominated in dollars. I particularly like the Australian dollar, the Singaporean dollar and the Swiss franc. Think this is hard to do? Guess again.   Think this is high risk? Guess again.
    The second solution, and probably the most important solutions are gold and silver. I’m not a gold bug. I don’t sell gold.  I do not earning a commission; like I said earlier in this article, “I have to give it to you straight.”   THE currency for the entire history of the world has been and will again be gold. 
    Gold and silver are precious (rare) metal used for coinage, art and jewelry since the very beginning of recorded history, dating back as far as the fourth century B.C. Some people say that gold is not a currency; to argue this is to say that Richard Nixon was a visionary in removing us from the Bretton Woods system of international finance, by removing the ability of dollar holders to convert their dollars to gold.   He did this in 1971. For thousands of years of history gold currency was the reality and we are now in a 40 year blip.   Personally, I don’t think Nixon’s move was all that great. I would prefer to lean on the side of thousands of years of history versus 40 years of American printing presses.
    Maybe we won’t ever go back to a gold standard. Maybe I’m wrong, maybe I have no idea what I’m talking about. Perhaps the World Bank President Robert Zoellick (, Retired Federal Reserve Chairman Alan Greenspan (, the nation of Russia ( ) , the nation of China (, and various others all have no idea what they are talking about. My advice is to be prudent and wise and don’t just lose money because some banker told you the least risky thing to do was to invest in a low interest savings account.   I started to invest in gold and silver bullion years ago, and am ahead of the game, but there is still time to take action today to preserve your wealth with a reliable savings plan. Visit for specific recommendations and ideas on how to accomplish this.
    Finally, once you have taken care of your safety net and your savings then it is time to really invest. There are a lot of spectacular investments out there in the market today that are for wonderful companies and that are priced just right for great returns. Visit today for access to lots of valuable ideas, recommendations, and resources.
    DISCLAIMER: Worldview Investing bases recommendations and forecasts on techniques, information and sources believed to be reliable in the past and cannot guarantee future accuracy and results. Worldview Investing is not liable for any investment decision you make, or action you take based upon information within this website, in email communications or other forms of information communication. Worldview Investing follows a strict Disclosure Policy and Privacy Policy to insure the HIGHEST levels of integrity.
    DISCLOSURE: Long Gold bullion, Silver bullion, and UGL (Pro Shares Ultra Gold ETF). Read our Disclosure Policy and Trading Policy.
Back To Christopher Clay's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • The Fed says, "Inflation stable and subdued." Six month charts in cotton, sugar, OJ, wheat, hog, gas, silver is that stable and subdued?
    Mar 15, 2011
  • It's about the big picture - politics, economics, and social issues.
    Mar 13, 2011
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.