Why Be Contrarian?
ContrarianProfits is an investing news and opinion website with a twist.
As investment guru Rick Rule puts it, “You are either a contrarian or a victim.”
In the financial world, most people are losers because they just don’t know what game they’re playing. They think they can just get “into the market” along with everyone else, do what everyone else does, and they will make money.
Not likely.
By the time you’ve paid commissions, spreads, fees, taxes -– and suffered the consequences of inflation –- you’ll be very lucky just to have as much money as you started with.
ContrarianProfits is a contrarian site in the sense that we provide ideas, opinions and investing recommendations that often run counter to the mainstream financial press.
We do this not just to be contrary, but because we’ve realized that Rick is right. You don’t make money by following the crowd. You make money by leading it.
Why is this so?
Well, it’s obvious that if you do the same thing everyone else does you’ll get the same results everyone else gets.
On average, and over the long run, real investment returns for the typical investor cannot exceed the rate of growth of the economy itself. Everybody can’t get richer faster than everybody else.
Real economic growth in the US today averages only about 3% per year; if you don’t make any mistakes, that’s about what you can expect.
Few people may be satisfied with 3% per year; but most feel comfortable in the middle of the financial herd and are happy to take whatever that gets them. If you’re one of those people, you will probably not like our site. It will make you uncomfortable.
If, on the other hand, you’re willing to look at things a little differently, you’ll appreciate the views of many of our columnists, contributors and visionaries.
Here, you’ll read the views of:
Doug Casey
Rick Rule
Bill Bonner
Steve Sjuggerud
Addison Wiggin
Chris Mayer
Dan Denning
Dr. Marc Faber
Mogambu Guru
These guys are some of the greatest contrarian minds in finance.
Of course, you don’t have to take my word for it. You can just go into the archives and see what they’ve been saying. Have they been right or wrong? Judge for yourself.
By the way, the opinions, ideas and general recommendations you read here at ContrarianProfits are free. But when you leave the site to get specific investment recommendations, often you will need to be a paid-up subscriber.
One major difference between these alternative views you read here at ContrarianProfits and those you get from most of the financial press is that our writers have nothing to sell but words.
When you call a broker…or listen to Abby Joseph Cohen on television…you should know that they are selling investments.
Of course, the whole financial industry works that way…except our little alternative corner of it. Our writers are much more independent -– financially as well as intellectually.
The ideas and opinions you read here may turn out to be right, or they may turn out to be wrong. But at least that’s all there is. No hidden agendas. No fees or commissions. Just words. Different words. Alternative ideas. Contrarian investment advice.
You’ll notice also that we have a sense of humor here at Contrarian Profits.
We have to.
We know that the world of money is treacherous, deceptive and often perverse.
When you think you have it figured out, it seems as tame and predictable as an old dog. But you bend down to pet it, and the darned thing bites your hand!
Hope you like the service. It’s free, of course. We aim to make sure you at least get your money’s worth.
Will Bonner
Publisher,
ContrarianProfits