MMM-092: Predicting the Future
Rock Band. Mad Money Machine’s Ten Predictions for 2008. Step 12: Invest and Relax. A spin of the Guru Roulette wheel. If this is your first Mad Money Machine show, please do go and download another one at least. This is a year end shortened show. Next week: how the portfolios did in 2007.
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The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com.
Topics in this week’s show include:
- Ten predictions for 2008. Download and listen to the show for full details of each prediction
- Cramer will write a new book published on Tuesday 9 December 2008 entitled Jim Cramer’s Mad Rules for Investing and will be about how to select index funds and ETFs, how to avoid actively managed mutual funds, and how to do other things besides watching the stock market. It will go further than his current book “Stay Mad for Life” in recommending passively managed investments, avoiding expenses and fees, and avoiding taxes. In conjunction with the book, he will begin featuring a weekly segment on his show Mad Money each Monday entitled “Index Fund of the Week” where he describes and index fund and why it is a good place to invest.”
- Apple will release a tablet PC with a touch screen and Wi-Fi for surfing the Internet. It will have a USB port to allow connection of peripherals such as keyboard, external hard drive, camera, even external monitor. A later version will include a Bluetooth phone, connection via 3G, and an even later version will feature an extremely high resolution black and white screen mode for eBook reading giving tough competition to Amazon’s Kindle eBook reader.
- Stock market will surprise investors. One of the recently strong segments will exhibit significant weakness in 2008. And one of the recent laggards will show significant strength. Either Fear or Greed or both will be rampant.
- Ron Paul will do better than expected. Not hard to do when they don’t expect much at this point. Whoever bought Ron Paul futures on intrade.com for $8 will be able to sell at a nice profit.
- Commodities will be in vogue again. You’ll be seeing a lot more of Jim Rogers. Gold will reach non-inflation adjusted record levels.
- Ben Bernanke will resign as Fed Chairman citing a family matter instead of his actual frustration of being in a hopeless situation and not wanting to have all the blame fall upon himself.
- Index funds will beat actively managed funds
- A one-stop-shop ETF portfolio fund will appear that gives complete exposure to risk, reward, and diversification all for a low fee. It will include all of the SMILER components as well as some bonds, commodities, and even private equity and possibly even some selected shorts (A short of a bear fund, perhaps??)
- MLS Soccer will continue to build. David Beckham will help score the winning goal in the MLS Cup. Other international stars will be brought into the MLS to raise awareness of this internationally popular (sans USA) sport.
- Google will announce Google WESK: What Everyone Should Know” similar to a wikipedia but instead only includes what the sum total of the public deems to be the most important information that we all need to learn. It will have age–specific areas, topical breakdowns, and be ranked by the users and not a centralized board. You can check off the areas that you have learned and an indicator will show you your completion percentage of what you have mastered. It will be basically an FAQ for everyday life, a supplement to schools at all levels. They will also add real time stock quotes into their online spreadsheet tool.
- Bonus: MadMoneyMachine.com podcast and blog will continue to innovate, expanding coverage into additional topics and media. Stay tuned.
- Our Guru this week makes bogus claims.
- Mark Hebner explains the 12th step: Invest and Relax
- Next week: The results from 2007
Music from music.podshow.com:
ALTA PLAZA – XRAY DOGS
Sound from the Future – Jesushairdo
This Future – emma cornwell
Future World – Gary Hunter
Maybe Tomorrow – Secondhand
Runaway Train – Under Feather
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