Hi. I'm Montana York your host here at Cambridge House,
and I'm joined today by the one and only Mick Hodge, co-founder
of Digest Publishing and publisher of The Daily Profit Cycle.
Nick, thank you for being here, Montana.
Thanks for having me.
You know, if you're one in a million these days.
There's actually 60,000 people like you with the amount of people
that are in the world.
So there's several more.
Nick Cottages I appreciate about.
Thank you so much.
Nick, talk to me about the daily profit cycle.
What can my listeners find there?
Yeah, daily profit
cycle is a free daily newsletter about all things to the market, really.
We focus on how to help retail investors manage their own portfolios, really?
From soup to nasty from index funds, if that's what you're into, all the way to
speculative private placements in mining companies,
which is more where Cambridge comes in with the red brick, obviously. So
we have a host of editors
at me and my partner write daily content there,
and then we have subscription services
based on those different pieces of the market.
How do you make decisions, positioning decisions, allocation decisions,
and then of course, individual stock purchase decisions.
Great Thank you so much.
What is catching your eye on the market right now?
We just touched on the market. I'd love to hear more about that.
Yeah, we're recording this towards the end of February and it's been rough
start for the broader markets, at least in the US
and globally as well for 20, 22.
You've got the S&P off some 10%
and that's really a function of growth slowing.
So people don't understand.
I think that market cares about the rate of change and that things are cyclical. So
for my
seat I see gas coming off very high baseline.
You remember at 2020 the world shut down. Right.
So at 20, 21 all the comp numbers were great.
Of course they were because they were coming off lockdown numbers.
And so the 20, 22 numbers compared to 20, 21.
I'm talking about things like S&P earnings growth and GDP they're starting to slow.
So they're still positive,
they're still good earnings growth is still double digits and the S&P
and GDP is still going to come in at 3%.
But that's slower than it was last year.
And that's why stocks are essentially correcting about down 10%.
And then of course, you've got the Federal Reserve here in the US threatening
to raise rates, which no investor likes, and stocks don't like it,
especially when that comes out at a growth slowing moment.
And so we'll see what happens here in the next couple of months.
But for now, I think it's a bit of a risk off environment.
You're seeing gold slightly doing better as the growth starts to slow.
It didn't really harness the inflation last year.
All that inflation sort of went to cryptocurrencies
and other commodities, and now here comes gold doing what it's supposed
to, providing protection when growth is slowing.
So I know that's a lot of comments, but that's a broad macro picture, I think.
Great.
Thank you so much.
With all that being said,
does that mean you're currently deploying capital into the market?
So there's a yes and no.
You got to break the market into into different pieces, right?
So if I'm talking about the safe money and non speculative money, retirement
money, I'm sitting in a lot of cash, probably about a third cash.
And if I've been deploying recently and that sphere of of of risk,
I've only been deploying it quote unquote, safe things
or risk averse things like GMT
long term and short term treasuries, because I think bond rates
are going to turn around
and then a high dividend paying stocks like consumer staples stuff.
You've got to buy in no matter what, like cereal and cigarets.
Great.
Touching on those different sectors there.
Do you mind letting us take a little look into your portfolio currently?
Yeah. Again, break it out.
And let me let me ask answer, I guess your last question again
about the second part I talked about different
pieces of risk.
I'm still writing checks and into private placements, into smaller companies,
but I'm doing that on a more selective basis
in jurisdictions that I know are safe and in
commodities where I think the the price action
and the price momentum is is northward
and there's a lot of commodities that are doing that,
especially in the critical elements, nickel, tin, PGE and stuff like that.
So I pay to play capital.
I'm writing checks to the private companies,
but I'm not out there buying stocks in the in the open market.
Right.
So a little bit of a bifurcation to that question.
And then a peek into my portfolio.
Now, that already mentioned GLD and the bonds that's on the safe side of things
specific miners.
I've been buying like,
well, royalty companies Wheaton, for example, Wheaton Precious.
I've been buying Agnico Eagle.
I owned Kirkland Lake before they got bought by Agnico.
So I've got shares from that
Altria.
It's a big, obviously tobacco company.
I can buy General Mills.
That's all on the bigger the side of things on the on the smaller
side of things.
I sold a lot of speculations companies that I view as quality
that are either explorers or developers of various metal assets
copper, silver, gold, primarily in Canada, U.S.
and and safer countries in South America.
And then of course, still sitting on a lot of cash because I think
once these GDP numbers come in and we get past Q4 earnings for 20, 21,
I do think it's going to be time to deploy capital into broader equities
later in 20, 22.
Great. Thank you, Nick. Do you mind?
Would you feel comfortable sharing the names
of those precious metal companies that you're currently holding?
Yeah. What do you want to know?
Some of my biggest holdings, like
in the uranium we had is Argo, which was just taken out by
the Oscar energy.
So I own a lot of Oscar energy,
but I still want to talk about there's a company called Silver Hammer
that has mine in Idaho and that has a couple of assets in Nevada and a lot of
Silver Hammer
wrote a check recently into a company called BP,
which is developing a very large
metal gold deposit in
Brazil. And
I mean, I could I could name names for a while, but that's like a
I guess, a snapshot of of of some of the stocks that I owned,
Sky Harbor in the uranium space, which is actively exploring
and has several partner funded projects in the Athabasca
yeah. That's a pretty good schmear, I'd say.
Great.
Thank you so much, Nick, for those tips.
And then we did touch about the daily profit cycle earlier in the interview.
But did you want to just redirect my viewers on
to where they can find more about that?
Yeah.
The only profit cycle that Tom is the easiest place to get started.
You'll see all the articles there, the publications there.
And probably one of the biggest benefits we offer is a weekly podcast
where I tell you a lot of the stuff for free.
If you spend a time to listen, to be talk for an hour
Great.
Thank you so much, Nick Mattera. Appreciate it.