It’s A Good Time To Be Bullish On America

6wHcoXwM_400x400Last week, for the 2nd week in a row, the US exported over 1 million barrels of oil a day. That is more than double the 500,000 we were sending out, according to data from Energy Information Administration. This may seem to pale in comparison to some of OPEC’s members such as Saudi Arabia, which exports over 10 million barrels a day, but it marks a new world order for American security.

What does this mean for America? Energy independence is a huge step towards true security. Without oil, our economy shuts down. We saw this in 1973 when OPEC first put its stranglehold on us. Those days are over now and the U.S. now exports more than many OPEC countries like Libya, Algeria, Ecuador and Qatar.

No longer will we be at the whim of another country.

With the price of oil back above $50 per barrel, many wells are profitable to pump again, especially shale. Just last week, U.S. oil producers produced 9 million barrels, the most since April 2016.

This is a win for all Americans. Cheaper fuel costs keep manufacturing costs low and families’ driving costs down, putting money directly into consumers’ pockets. All of this will help keep inflation in check.

The part that makes me giddy is the security aspect. If we are no longer desperate for oil and reliant on others, we may not have to send troops to the middle east to fight for it any longer. Combining that with less profit earned by the terrorist exporting nations, and you have a stronger U.S. It’s a good time to be bullish on America!

Investor Strategy

When building your retirement master plan and managing your portfolio, be sure you are set up properly to get the best returns…but with the least risk possible. Or what I like to call “invest for need, not for greed”™. It’s what we try to do for our clients every day.

Now is the time to review, not only your portfolio, but your overall master plan. Things have changed and it’s time to Trump up your portfolio!

As always, feel free to contact me with any comments or questions.

Cheers -Keith

Keith Springer
916-925-8900

 

Visit My Other Sites

Please click here to download SFA Disclosures, privacy policy and business continuity plan. Springer Financial Disclosures. Springer Financial Advisors ("Advisor") is a federally registered investment adviser located in Sacramento, California. Advisor and its representatives are in compliance with the current filing requirements imposed upon registered investment advisers by the Securities and Exchange Commission and the State of California. Advisor's web site and its emails of general distribution are limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Advisor's web site on the Internet or dissemination of informational emails should not be construed by any consumer and/or prospective client as Advisor's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. A copy of Advisor's current written disclosure statement discussing Advisor's business operations, services, and fees is available from Advisor upon written request. You may also obtain publicly available information about Advisor through the SEC website as follows: http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_OrgSearch.aspx. Advisor does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Advisor's web site or incorporated in an email, and takes no responsibility therefore. All such information is believed to be reliable and authoritative but does not constitute sufficient information to be the sole basis for sound investment decisions and all users thereof should be guided accordingly. Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Advisor) made reference to directly or indirectly by Advisor in its web site, email, or indirectly via a link to an unaffiliated third party web site, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client's investment portfolio. Certain portions of Advisor's web site (i.e. articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Advisor's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. The term, qualified retirement advisor is not an official designation. The information is of a general nature and should not be applied indiscriminately to particular situations wherein it may not be completely applicable. Advisor is neither an attorney nor an accountant, and no portion of the content should be interpreted as legal, accounting or tax advice. Keith Springer, SFA’s President, provides investment commentary as host of “Smart Money with Keith Springer” on KFBK NewsRadio AM 1530. Smart Money with Keith Springer is paid for by SFA and is deemed advertising by the Securities and Exchange Commission.

           

Click Here To Get Your Free Customized Retirement Income and Tax Strategy Analysis