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Build wealth while pursuing your passion

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See page 4 of the Report for details

The Penn Wealth Report, Vol. 12, Issue 01...
In the latest issue of The Penn Wealth Report we discuss the new threats facing the banking sector, specifically with regard to commercial real estate loans. We have listed some of the stories in the issue below...

From the Editor
Remembering the easing cycle of 2001 and understanding the similarities between now and a generation ago

The Panic of 1907
At the turn of the 20th century, a few devious men helped to expose the seismic deficiencies within the US banking system

Will CRE Foment a New Bank Run?
Last year it was all about banks catering to the crypto and tech startup communities; this year it is about commercial real estate

Your Emergency Reserve Fund
Just as term life insurance is crucial for young households, an Emergency Reserve Fund for life's unexpected expenses must be in place

What Should Your Bond Ladder Look Like Right Now?
Why would investors buy longer-duration bonds when shorter-term ones have a better yield? It is all about the trajectory of rates going forward

New Zealand's Adventure Paradise
With its rich history and surreal natural beauty, Fiordland National Park is a required stop for visitors to the land of the Kiwi

All of this and more in your latest issue of The Penn Wealth Report!

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Most recent additions to Members-only pages or Penn Wealth Report links (select the respective link)...

For the most recent news headlines, visit Penn Economics

(05 Aug 2024) Global Leaders Club: Updated our newest member in the Consumer Staples sector

(05 Sep 2024) Trading Desk: Replaced Dollar General in the Penn Global Leaders Club with a different consumer staples company

(28 Aug 2024) Trading Desk: We took our 135% gain on software infrastructure firm ACI Worldwide

(27 Aug 2024) Trading Desk: Taking our 53% gains on Lakeland Industries in the Intrepid Trading Platform

(12 Aug 2024) Trading Desk: Added an upscale beauty name to the Intrepid, selling at a 40% discount and carrying no debt on its books

(22 Mar 2024) Under the Radar: A 106-year-old Japanese firm you are sure to recognize—trading at a 50% discount to our fair value

(05 Mar 2024) Trading Desk: Removed Target from the Global Leaders Club after 13% midday pop; above our fair market value

(25 Feb 2024) Trading Desk: Made multiple changes to the Strategic Income Portfolio, removing six vehicles and adding two

(27 Dec 2023) Trading Desk: We didn't own this investment long in the Intrepid, but taking a quick profit

(19 Dec 2023) Financial Terms & Concepts: Added a definition of nonfarm payrolls

(08 Dec 2023) Trading Desk: Crude is at the lower-end of our trading range; we added a long oil ETF to the Intrepid

*Ongoing Members-only page reminder: One of the most critical steps in building wealth and protecting your portfolio is to maintain a proper asset allocation based on your own risk number. We update these allocations quarterly, looking at market, economic, and geopolitical conditions. So, with your own personal risk number in hand, visit our Tactical Asset Allocation page and sign in. (Always consult your investment professional before deciding on an allocation, as your unique situation may affect how you should be allocated.)

Create Wealth, Enjoy the Journey...

We are not human beings on a spiritual journey; we are spiritual beings on a human journey.

The Penn Wealth Report is designed to help you build a life filled with wealth, success, and happiness. Our goal at Penn Wealth is to help you create wealth, but this alone does not bring happiness and success. Rather, money is one of six pillars which support our lives and define who we are:

Your Intuitive/Intellectual Self
Your Internal (Physical/Emotional) Self
Your Professional Self
Your Social Self
Your Financial Self
Your Spiritual Self

It takes only one of these pillars being out of whack to have a devastating effect on our lives. For many of us, sadly, most are lacking. We attribute our shortcomings to any number of different factors, never realizing the high level of control we have over each. On the other hand, if we learn to master these six pillars we can absolutely transform the quality of our lives, no matter our age, economic status, or circumstances. We will teach you the simple techniques needed for mastery over self.

Strategic Vision

Designing the Blueprint:
Your Intuitive/Intellectual Self

Strategy keeps a pilot's ship on course.
—Homer, The Iliad

This pillar represents your intuitive/intellectual self. Imagining your future in your mind, designing the blueprint to get there, and then acting with a steely determination to carry out your plans, irrespective of outside forces. Have you ever noticed how some people are able to make massive strides in life, adroitly handling challenge after challenge? They are no different from you, they have simply defined where they want to go in life and are constantly honing their skills—which is what you will learn to do as well.

Command & Control

Developing the Mind & Body: Your Internal Self (Physical/Emotional Self Control)

Between the conception and the creation, between the emotion and the response, lies the shadow.
—T.S. Eliot

This is where it either falls into place or falls apart for the majority of Americans. If you master this pillar, you can make your dreams come true with remarkable efficiency. This is the realm in which your habits—both good and bad—reside. It is the reason some people are able to achieve incredible success in their lives, while others flounder, despite their apparent advantages. Don't take this pillar lightly. Embrace it. Learn the techniques others have used throughout history to achieve great things. Vow to excel here, and you will be amazed at the wonders that await you on the path ahead.

Harvesting Wealth

Creating & Defending Multiple Streams of Income: Your Professional Self

Pursue one great, decisive aim with force and determination.
—Carl von Clausewitz

This pillar represents your professional self. It should be your passion in life—the profession you have chosen because it energizes you. It should not be a job you loathe but trudge to each day because you need the money. Sure, most of us have to do work we don't like until we can follow our passion, but the sooner you determine what you really want from life, the quicker you can exit the grind and follow your dream. Follow your dream, pursue your passion, and the money will most certainly come.

Tactical Awareness

Using the External Environment to Gain Advantage: Your Social Self

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly and one by one.
—Charles Mackay

We don't live our lives in a vacuum. In fact, quite the opposite. Virtually every part of our day is affected by forces outside of our control. From news stories designed to elicit an emotional response, to constant interaction with others, we are pushed, pulled, and prodded like a pinball in a machine. But what if we looked at our external environment with a different perspective? What if we took what is happening in the world around us and used it to our advantage, using critical thought and rejecting the herd mentality? Tactical Awareness is about thinking differently; taking the path less traveled.

Investment Intel

Mastering the World of Money: Your Financial Self

The intelligent investor is one who sells to optimists and buys from pessimists.
—Benjamin Graham

After several decades in the arena of professional money management, we have worked with all types of clients and through all points of the economic cycle. We have seen irrational exuberance warp intelligent minds during peak periods, and extreme fear grip investors during market troughs. Investment intelligence means ignoring the emotions-based actions of the masses and, quite often, doing what feels uncomfortable. Proper asset allocation and risk management are fundamental to efficient wealth creation. At Penn Wealth, you will have an investment portfolio that is uniquely your own.

The Journey

Living with Divine Happiness: Your Spiritual Self

We are not human beings on a spiritual journey; we are spiritual beings on a human journey.
—Fr. Pierre Teilhard de Chardin

With the realization that we are spiritual beings on a human journey, and that this is but a tiny little fraction of our trek, everything in the physical world is put in perspective. The things we worry about on a daily basis, when viewed with this clarity, become virtually nonexistent. We were placed here, in this time and in this body, for the sole purpose of growing spiritually. Every action we take in life can either move us forward, or inhibit our growth. Understanding our purpose on this part of the journey will help keep us focused on what is truly important, and allow us to live with Divine happiness.

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