Happy Friday Everyone!

Before jumping into this week’s questions I just want to say thank you one last time for taking time to answer the Kung Fu Finance survey! I have to say, I have the best readers ever. Thank you so much—I can’t wait to share the results with you!

If you haven’t had a chance to take it yet and would still like to, today is your last chance as I will close it tonight at midnight Pacific Standard Time.  You can access it here:

Click here to take the Kung Fu Finance “Which Belt Level Are You?” survey!

Thank you!  I will share the results with you on December 26th, as I am on holiday next week spending some time with my family… I hope you have a wonderful holiday! Kung Fu Santa hopes so too…

Kung Fu Santa

That Kung Fu Santa can KICK! Happy Holidays!

Now, onto this week’s questions and feedback…

First, Jack asks:

How do you research all the so called professionals that offer investment advice? Is there a website that has this info available?

Hi Jack,  That’s a great question!

So far there are only two websites that I know of that review newsletters, but neither of them really review the “people” behind the newsletters:

Mark Hulbert publishes The Hulbert Financial Digest and he’s been tracking, ranking, and reviewing newsletter performance (180 different newsletters) since 1980.

The catch is that it isn’t free… I believe it’s $59 a year. I used to subscribe to this when I was just getting started and it’s very helpful from a straight analytical perspective (e.g. “What performance did newsletter X achieve over a 1 year, 3 year, 5 year, and 10 year period?”).

I ended my subscription several years ago because I found a group of newsletters whose philosophies mesh well with mine and whose publishers/analysts I respect, so I can’t comment on how “good” it is now, but I did find value from it when I subscribed. One great thing is that all Internet publishers offer a “guarantee” so you can try it for 30 days and see if you like it and receive any value from it, and if not, get your money back, so that might be a good way to go.

2. The Stock Gumshoe has started to create a “Reviews” section so you can check that out (it’s free). I believe he started that fairly recently so some newsletters don’t have many reviews yet, but you can see what other newsletter subscribers think.

However, neither of these review the “people” behind the newsletters (and as you know I think that is pretty important!). In fact, it is so important that I’m going to set up a review system here on our Kung Fu Finance website…stay tuned!

Next, Jeff says,

Thank you kungfu girl for a great introductory post to what I hope is an insightful up-coming dialogue regarding “the big picture”.
In so much as I believe that knowing how to do both fundamental and technical analysis is important (versus just being either a fundamentalist or technical analyst), I also see how both the big picture and focus are required. It is one thing to focus on the precious metals and understand the nuances of that sector, but quite another to understand the larger forces that move that sector. I have come to realize that I am not as stong on the big picture thinking as I would like to be, so I await your future articles. Keep up the good posts!

Thank you Jeff!

I’m not sure how “insightful” I’ll be but I’ll do my very best! I talked a little bit about history and precious metals in yesterday’s post and I can definitely talk about other “big picture” forces that move those markets…it’s an enormous subject and one I could spend weeks worth of 1000 word articles on.

(Off the top of my head, I can think of inflation vs. deflation and how precious metals do in each scenario, the history of money, whether the market is “manipulated” or not, which analysts to follow in that sector, and much more…) Just let me know if you’d like to hear about any of those!

Yes, I think both technical and fundamental analysis are critical. I’ve gotten clobbered whenever I have chosen to neglect either one (I wrote a previous article on how I chose silver “fundamentally” but neglected to look at the technicals before buying)…I had to wait almost an entire year for silver to rebound to the level where I had bought it! Oops.

I have found that both the “big picture” and the “focused skills” are crucial to investing success (at least for me), and I’ll try to do a mix of both types of articles in the coming weeks!

Last week’s feedback (I responded to all of these on the blog; thanks so much for your feedback!):

“I’ve been reading your letter for about a week. When I was introduced to the letter, I had a feeling of walking into a room full of people I already knew. Very interesting! Probably because I already read most of your recommended list… I’ve been reading and studying these people for over two years now, and just started investing (well, I had to be sure I could trust both these people, and their recommendations, and myself). This latest letter of yours really hit a bullseye for me! Thank you.” — George from Denver

“Now that is sound advice. I have learned what you are sharing the hard way, not only about money but other aspects of life. Thanks, keep up the good work, you are a voice of reason and sanity.” — Daniel

“So True! I own a personal fitness company (in Australia), and one of our culture points that our team get hammered about is the NO FAT TRAINER rule………just like you wouldn’t get advice from a broke financial planner! Great quality questions KFG!” — Jodie

“Thanks for your time and effort. I feel like you’ve created an awesome, honest and open content here and greatly appreciate.” — Dustin

“Heeeeyaaaah! Mahalo for the lesson!” — Aunty from Hawaii

You know the old saying; “You can lead a horse to water, but you can’t make it drink.”
In this context you are the water. Be like water. 😉 Focus on providing the cleanest clearest most honest water. People will drink it and the changes will happen but change takes time and sometimes ALOT more time then one would think.
Honestly, I would say that you have already accomplished the goal and helped well over a 1000 people…’483 likes’ does not adequately quantify the impact of the site to date. All of these 483 people have families; husbands, wives, significant others, kids, mothers, fathers, uncles, aunts, blah blah blah, you get the picture.
It is not possible to estimate the harvest that will result from the seed that has already been planted. Just keep moving forward…and know inside that the goal has already been obtained.
Might be interesting for you to attempt to describe some Kung Fu Finance belt levels. Your readers could select the level that best describes them at the time and then they could “train” their way through the levels like a Kung Fu student would. — Steven

I think it is going to be hard to help a 1000 people with such a broad range of experience, income levels, and initial capital. I commend you for trying. I for one wouldn’t mind being in the group, but to substantially move people financially, I would think advice may need to be narrow and direct to a person’s unique situation. — David

Thanks for the great content in your answers!
My little girl just turned 1 on Sunday and I asked everyone to donate dollars so we could start an investing fund for her!
I look forward to learning more and building up an awesome skill set to pass onto her (alongside a very cool portfolio when she’s 21!)
Have a WOW week — 

Thank you again so much for all of your great questions and feedback, and have a wonderful, happy holiday season!

To your financial success,

— Kung Fu Girl