Ep. 122: Jim Woods Interview with Michael Covel on Trend Following Radio

Published: May 13, 2013, 4:55 a.m.

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My guest today is Jim Woods,\\xa0a 20-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.\\xa0Jim is the editor of Intelligence Report, Successful Investing, Bullseye Stock Trader\\xa0and\\xa0The Deep Woods\\xa0(formerly the\\xa0Weekly ETFReport).

The topic is his book The Wealth Shield, A Wealth Management Guide: How to Invest and Protect Your Money from Stock Market Crashes, Financial Crisis and Global Economic Collapses.

In this episode of Trend Following Radio we discuss:

  • Zero interest rate policy, or "ZIRP", and why normal people are taking on more risk to get the same returns
  • If another 50% meltdown happened in the S&P while rates were at zero, what might the chain reaction be? Would you be prepared trading wise for that?
  • Technology taking away the need for human capital
  • The power structure in Washington
  • The societal implications of ZIRP
  • What the stock market might do if interests rates went up
  • The concept of "blowback"
  • The importance of having a plan
  • Protecting yourself, and the eventuality mindset
  • The US as a "prison" banking system
  • The importance of investing in other currencies for beyond trading reasons

Jump in!

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I\\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\\u2019m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I\\u2019d like to give you a great piece of advice you can use in your life and trading journey\\u2026 cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can\\u2019t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

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