Money Matters update June 2, 2015 READ ! Market news and more.

Marc’s Notes:

I put in a no cost solar system last September and it never really generated the maximum amount of power as we had some trees blocking it and September is not the best month for sun. The company who installed it said to wait until next year and cut some of those trees down to get the full effect of system.

My neighbor did take down a huge tree that was blocking my system and a couple of more to boot and come April of this year I could see the power started to spike.

Now almost to June and the system is producing about 31 KW hours per day and I am thrilled.  June and July will be even better and my power bill has dropped by about half when I am all said and done. Although I still cut checks to PG&E I didn’t pay a dime for my system and its insured against failure, maintenance, accident and malfunction for 20 years meaning if there is a problem it still doesn’t cost me a dime.

That it won’t cost me a dime in the future is also thrilling and all in all my no cost system is now producing enough to knock down my power bill significantly and I am also doing my part to reduce my carbon foot print on our planet, and that suits me and the planet just fine

If you would like information on a no cost solar system, send me an email and I will send you the information on what system and company I used. My email is marc@moneymanagementradio.com.

The Chinese like to gamble but can only do so in Macau, a small dot of land packed full of the most lavish casinos in the world.

Macau has up to 20 million visitors a year and that dwarfs those who visit Vegas here in the states.

All the big boys are there, from Wynn Resorts to the Las Vegas Sands and the new casinos in construction or being planned are on a scale all to their own.

The new Venetian Macau is the largest occupied building in the world, large enough to hold almost 100 passenger jets. It has over 3000 suites, 1.2 million square feet of convention space, 3400 slot machines and 800 gaming tables. The last casino I was in had about 20 gaming tables to that gives you an idea how big this monstrosity is.

About 100,000 people visit the Venetian EACH AND EVERY DAY.

Although gaming revenues and the stocks that reflect them have been in a downturn lately, it’s hard to ignore the juggernaut in gambling that both Macau and the Chinese people have become. I have no immediate plans to visit Macau soon although I am sure it would be fascinating, I hope to one day see the spectacle it has become. When that day comes, I am sure it will be even bigger and more enthralling, and personally I can’t wait.

Money Class coming in summer- Email me to sign up!

As mentioned I am looking to make an announcement of management of funds soon.

For now I have set up two tests portfolios to beta my new stock screener. The two portfolios may be called “Market Trends” and “Conservative Market Trends”

The stocks and funds in there now reflect partially what will be in the portfolios but the mix will be finalized on each as I meet with others to sharpen the holdings. Right now it holds no cash in lieu of all stocks just to test the system.

Some will be eliminated and cash holdings will be added. We will focus on safety and conservative investments with the key being to aim for a steady income with capital preservation in mind above all. The portfolios are flat to slightly down with the current mix but again these are only test holdings to show me the markets overall trend. When we finalize this announcement, we will meet individually with all new clients and tailor the portfolio to the individual situation. The final mix will be very exciting no matter which portfolio you choose!  Stay tuned! Those wishing to consider moving your assets to be under a Money Matters management style stay tuned! You may have your chance this summer with our big announcement and that is all I can say at this point!

The beta portfolios are telling me we are in a stealth correction that looks to be minor as of now. That could change. With the interest rate debate by the Fed being the major market mover and summer almost here (summer can be slow for stocks), a heavier cash position is what I prefer at this point in time.

A nasty correction does not seem to be in the cards as of yet but we will watch the tape to see if this stealth correction becomes something more news worthy.

Money Matters airs this Thursday at noon PST, tune in. For those wanting to listen to the latest show “Estate Planning”, it will be posted on the website soon. We had a bit of a delay in getting that show posted due to its high demand and some technical issues.

Marc