Back to School By Shannon Sands, Publisher, Dent Research Rodney's article about #firstsevenjobs on Monday created a buzz around the office. There's just something so insightful about knowing what jobs colleagues held when they were starting out. Among us, first-time jobs include one self-confessed negligent babysitter, a knife salesman, a mascot, an ice cream scooper (AKA "the best milkshake maker in the world," as she tells it), a military cop (and this isn't even our resident Marine), a popcorn popper, and an Easter Bunny.
As for me… well, here are my first seven jobs: - Playroom attendant and cashier at Chuck E. Cheese (why I delayed having kids);
- Cashier at a dry cleaner;
- Summer administrative assistant at the Harford County Department of Social Services (real eye opener, this one!);
- Service cashier at a car dealership (learned a lot about cars);
- Accounting assistant at a car dealership (learned a lot about buying cars);
- Administrative assistant at my dad's company (let me say that my dad and I are too much alike and leave it at that); and
- Marketing assistant at The Oxford Club (the start of my career in the newsletter industry).
As I sent my four-year-old off to his first day of Pre-K 4 on Tuesday, I asked him what job he wanted when he grows up. Puffing up his chest with pride, he said… - Fox dirt bike racer;
- Police Man; and
- Tooth fairy!
Thankful for the laughter to hold back my tears, I said, "tooth fairy?"
"Yes, like I saw on Peppa Pig."
And with the honesty that only an innocent four-year-old can possess, he told me he had one concern about that particular job: "But I don't have wings, mom. So I don't think I can be a tooth fairy."
As I kissed him goodbye, I told him that with hard work and determination he would figure it out. He can be whatever he wants to be. He walked away muttering something to himself about how "…airplane wings could work."
Watch out world… and tooth fairy… you've been warned.
Before we look at what the rest of the team talked about this week, I want to hear about your #firstsevenjobs. Send me an email at economyandmarkets@gmail.com and I'll share some of the ones we get over the next couple of weeks.
Now, back to Dent Research…
On Tuesday, September 6, Adam talked to his Cycle 9 Alert subscribers about how the idea of work has changed so much in the last century. The industrial revolution brought about the assembly line while the Internet revolution allows many jobs to be done remotely.
From our perspective, as investors, the Internet revolution has made growing and protecting our hard-earned money a little easier. The individual investor class benefited greatly from the advent of exchange-traded funds (ETFs) and the dramatic decrease in the cost of trading commissions.
Yet, as much as things have changed, some things are still the same. Adam explained: Much like the assembly line that cranked out Model Ts, our investment strategy [at Cycle 9 Alert] is systematic. This approach to growing and protecting wealth is efficient and less prone to the errors that all human decision-makers naturally make.
What's more, our time-tested strategy calls for buying winners. Before we invest in a market sector (via an ETF), or an individual stock, the potential investment must meet at least two of my non-negotiable criteria.
It must already be trending higher, and have above-average, market-beating momentum. He then went on to talk about how the current plays in the model portfolio are performing. Of the five, one is moving sideways, one is already up after only coming into play a week ago, one was up 52% as of Tuesday, one was rebounding and one was continuing to accrue gains after he instructed subscribers to take 100%-plus profits on half of that position.
On Wednesday, September 7, Ben got excited about the developments taking place in the connected-car space. Just imagine being able to watch a game surrounded by six panes of glass with 4K resolution, a 3D TV feed, and surround sound stereo!
If you missed his Economy & Markets in your mail inbox, read it now.
And on Thursday, September 8, Lance asked an important question: what business and/or Wall Street experience qualifies the ladies and gentlemen of the Fed to make decisions that impact you and me?
I'm not sure I liked his answer.
Remember to let me know about your #firstsevenjobs.
Until next week,
Shannon Sands
Publisher, Dent Research
P.S. About that #firstsevenjobs, did you know that David Walker, ex-Comptroller General of the U.S., started out as a paperboy? After that, he did a stint in lawn care, was a Miami Dolphins intern, an accountant intern, an Auditor/Senior Auditor, and then a Director of Personnel. And just look where he is today! This is one man you definitely want to meet, and now you can. I've got details for you here.
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