Porter & Co. Black Label Podcast How to Become a Sovereign Individual
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Sep 21, 2023 This month's episode features international entrepreneur and investor James Hickman, also known as Simon Black. They discuss diversifying your life and assets internationally, the safety of money in the U.S., three things to look for in an investment, Hickman's background as an Army Intelligence Officer, travel agency ideas, a forecast for the next five years, and more.
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Commercial Banking Crisis Indicator
- Commercial bank assets declining by over 1.5% historically correlates with a 50% S&P decline.
- This decline in lending can trigger deflation, defaults, and a severe recession.
Diversification and Wealth Protection
- Diversify with foreign real estate, investments, and potentially a second passport.
- Prioritize owning shares of great businesses for wealth protection.
Hershey's Investment Success
- Porter Stansberry's Hershey's stock recommendation in 2007 has compounded at 16% annually.
- This demonstrates the power of investing in strong businesses for long-term growth.