Dear clients, friends, and followers,
I’m old and wise enough not to pretend I have endless years ahead. And even if I do, no one warned me that the so-called “Golden Years” would include waking several times a night—just one part of growing older.
I grew up around horse racing and still love it, but this is one race where the approaching finish line brings no cheers. With the birth of my first grandchild, however, I now hope the race lasts longer than ever. Whatever happens, I know my business career has a special purpose for the time that remains.
At the midyear point, I recognized the need to reduce the time and energy I devoted to metals and mining and place greater focus on the financial planning team I’ve been blessed to be part of for more than 25 years. My business partner, Dave Suckey, and I belong to a group that can match—and exceed—any firm focused on our three core areas of expertise:
- Retirement planning
- Estate planning
- Business exit planning
Being part of a group approaching $2 billion under management is a significant responsibility, and Dave and I are honored to share in that work.
That said, after publishing “One for the Road – My Last Hard Look at Metals, Mining, and Junior Resource Stocks” in late June, I found myself quickly slipping back into metals and mining around the clock. Dave didn’t need to remind me—and he understood—that I can never fully let it go, especially since my greatest one- and five-year investing successes came largely from that arena. Now, it seems to be picking up where it left off after I stepped away earlier this year.
As I noted late last week, I can no longer regularly comment on individual stocks, except for Northisle Copper & Gold, which reached an all-time high on Friday. Even there, however, things cannot be as they once were. The stress of holding such a large position myself—and knowing so many others own it because I discussed it—was shortening my race to the finish, not extending it. So, I released this video:
My X page will remain my primary channel for communication.
Please enjoy the next few weeks. After Labor Day, we will all need to bear down, as the economic, social, and especially political environment will, in my opinion, be more challenging than ever.
Finally, my Catholic Christian faith has never been more important to my work or personal life. Although even Jesus was not told the day or hour, I believe we may soon see at least a preview of the “End Times.” Failing to recognize this carries truly eternal consequences.
