Monday, August 29, 2011

Marc Faber Investment Strategy

Marc Faber : coming back to your question about the asset allocation , I would hold 25 to 30 percent in Equities , 20 to 30 percent in physical Gold , I would own some bonds and cash and I would own say 25 to 30 percent in real estate which people could own by owning say Asian real estate companies including REITs - in CNBC 23 Aug 2011

It leads to a huge cash flow drain if you have many girl friends

Marc Faber : I do not know your personal conditions whether you are married whether you have children how many girl friends you have and so forth and so on , we do not know I mean these are very important factors because it leads to a huge cash flow drain if you have many girl friends - in CNBC - 23 Aug 2011

We never really came out of the Recession in many different sectors of the economy

Marc Faber : I think We never really came out of the Recession in many different sectors of the economy in some sectors we came out , and if you look at the world , the emerging world has continued to grow throughout the period 2008 up to today , there is a slowdown now occurring in emerging economies but the western world western Europe and the US there is hardly any growth and if you look back say 1999 to today the US as an economy macro-economically speaking is of course much worse off than in 1999 courtesy of the federal reserve I may add - in CNBC

Marc Faber: Do not store your gold in the United States

Marc Faber : “I prefer if investors hold physical gold in a safe deposit box, ideally outside the US, in various locations… Switzerland, Singapore, Hong Kong, Australia, Canada… I think it’s important in today’s very uncertain world to diversify, not only the various asset classes… but also the custody of your assets should be in different jurisdictions.” - in CNBC
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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.