About Jim Powell
Jim Powell is the principal analyst for the popular Global Changes & Opportunities Report, or simply GCOR. Jim has an extensive background in the sciences and finance that have made his market and stock recommendations highly valued by successful investors for nearly 30 years.
Jim's main strength has always been his ability to find links between seemingly unrelated events that lead to excellent investment opportunities – and sometimes threats to be avoided.
Here is what Jim has to say about some of his most rewarding calls:
Throughout the great stock boom of the 1990s I urged investors to stay in the mainstream of the bull market, which was the technology sector. Most of the recommendations that I made in my books The Dow Jones Irwin Guide to High Tech Investing and Super Investment Trends, Cashing In On The Dynamic 1990s – and also in my newsletter, Growth Stock Alert – were delivering huge returns.
If you read my books or subscribed to my newsletter at the time, you know that I recommended Apple, Microsoft, Intel, Genentech, and several other companies that soon delivered billions of dollars in profits to their investors. Several of my recommendations became "10 baggers" and are on their way to more gains.
As the 1990s drew to a close, I realized that the longest bull market in history had finally reached the blow-off point, and was within months of collapsing. Many investors were not happy when I warned them that the dot-com sector and many other tech stocks had become greatly overpriced – and should be sold. That was in 1999.
A few months later, the dot-com sector crashed. In 2000, it was followed by the infamous "tech wreck" and a broad market decline. The Nasdaq plunged from 5,048 in March 2000, to 1,335 in December 2002.
I knew from my many years on Wall Street that when one sector collapses, another soon takes its place. It's just basic economics. Money may head for the sidelines during scares, but investors always seek out new ways to make it grow.
Soon after the dot-com and tech stock booms ended, billions of dollars in investment funds started to flow into real estate, and later into energy and global trade stocks. We took early positions in the leading companies in each sector, and later increased them as the trends gathered momentum. It was a great time for growth once again.
After seven years of gains, the new booms started to become just as frothy as the previous dot-com and tech stock manias. Janitors were buying $400,000 homes with no money down. People with no investment experience were putting every penny they had into popular stocks. It was madness – and that's just what I told my readers.
In 2008, the housing boom collapsed, the big banks crashed, and the stock market quickly followed them down.
In the spring of 2009 it appeared to me that the worst was over and a rebound was near at hand. For my GCOR subscribers, I created five Special Recovery Portfolios that have since done exceptionally well. Several of our stocks are up over 300% – and are still climbing.
I think this bull market has further to go and will deliver additional profits to investors who understand how to make the most of it.
A Free Market Perspective
One reason that Jim has been so successful is he has learned not to trust most of the economic measurements released by the government. Inflation, the money supply, unemployment, and many other vital statistics are "massaged" to make them more favorable to the government and less frightening to the public.
Instead, Jim gets his numbers from private economic firms that use unbiased data and well-tested formulas. The more accurate measurements help Jim find profitable investments for his clients, and avoid financial traps.
Jim believes that Keynesian economics has failed and is on the way out. After nearly 75 years of using the something-for-nothing theory to print unlimited supplies of fiat money and run up ruinous debts, nearly every industrial economy is in serious trouble.
Jim is convinced that most of the world will eventually be forced to go back to a monetary system based upon precious metals and other commodities of proven worth. In the meantime, Jim is urging everyone to emphasize real assets – such as real estate, precious metals, and blue chip stocks – rather than paper assets that will hold their value as the U.S. dollar and other currencies make long declines.
Jim is adamant in saying the only solution to our critical economic problems is to return to the free market system that made America prosperous and strong for over 200 years. He thinks the transition back to our roots is now in progress and is likely to last many years. During that time, life will be difficult for millions of people who don't understand the problem, much less how to adapt to the challenges. Fortunately, the changes are also creating many new investment opportunities.
Jim also expects that over the next few years desperate government officials will make an unprecedented grab for private assets in order to keep their bureaucracies afloat. Pension plans will be the first to be targeted. Taxes, fees, fines, and other charges will also soar. As a result, helping his clients protect their assets is becoming just as important as helping them increase their net worth.
Over the next few years, Jim thinks the political and social problems that are developing in the US and elsewhere will be every bit as challenging as the financial turmoil. As a result, Jim is urging investors to pay as much attention to insuring their personal security as they do to growing their assets.
A Familiar Name Among Successful Investors
Before starting his current newsletter, Global Changes & Opportunities Report in 2006, Jim produced Growth Stock Alert for Jefferson Financial and was the research director of the popular investment service, ValuTALK that was distributed worldwide on CD and audio cassette tape. Jim was also the founding editor of the investment newsletters, High Tech Investor, Technology Stock News, and the Physicians Financial Advisor.
Jim is the author of two important books, The Dow Jones Irwin Guide to High Tech Investing and Super Investment Trends, Cashing In On The Dynamic 1990s. He also produced a number of Consumer Guides® for non-professional investors including, Best Rated Investments from $1,000 to $10,000 and the always popular series, Where To Put Your Investments In (current year). Additionally, Jim has contributed to many financial periodicals including USA Today, Business Week, Barron's, and Time.