Stock market chaos part II: What should you do?

Earlier this week we sent out a letter to our clients discussing the market chaos that is occurring. Well, the chaos has continued! The market as it stands today is down 20% off its highs. Warren Buffett famously said, “it wise to be fearful when others are greedy and greedy when others are fearful.” Fear right now in the market is approaching 2008 levels. The CNN Fear and Greed index (shown below) is at a level of “extreme fear.” So how do you actually go about doing what Warren Buffett famously said?                     In today’s podcast we address the fear that many are feeling right now. We address the idea of moving into cash and selling your stocks and why that strategy isn’t a successful one. We then discuss several things that people should consider right now, including refinancing a mortgage,
Continue Reading

Categories: Uncategorized.

Ruth’s Story

This week was Independence Day in the Dominican Republic. We spend the day exploring the capital, visiting historical sites and taking part in various celebrations. This week we also met a Colombian woman named Ruth. She has lived in the Dominican Republic for less than a year and recently married a Dominican man. She left a sick mother and her two adult sons back in Columbia when she came to the DR to find a better life for herself. A couple years ago, Ruth was a successful business owner living in Columbia with her two sons, who were attending college. Her dream was to own a home and fix it up just how she liked. One day her oldest son came home from classes and said he saw an incredibly low price on a beautiful home in the next town over. She couldn’t believe that the home was priced so
Continue Reading

Categories: Uncategorized.

I Challenge You To…

  This week was Sydney and Josh’s birthdays. On Sydney’s birthday we visited one of the safehouses. To celebrate her birthday, we brought all the women chocolate chip cookies. They were stoked out of their minds! They couldn’t get enough and kept asking us for the recipe. We sheepishly replied that we had bought the mix from the store. When the women found out that it was Syd’s birthday, they immediately began singing and gave her a brand-new hairbrush as a gift. They also gave her stones that they had painted for a craft activity. Although they didn’t have much to give her, it was so cute as they all surrounded her, hugged and gave her what they had to offer. As we were leaving, one of the women came up to me and said, “each one of us has so much love in our hearts for all of you.”
Continue Reading

Categories: Uncategorized.

The Coronavirus: Is it time to sell stocks?

The market is down 8% since hitting all-time highs on February 19th. The past two days have been volatile to say the least. The big global worry – the Coronavirus. In today’s podcast we discuss the Coronavirus, it’s impact, and what investors should do. When the market is trading at all-time highs, everyone is cheering for a market correction (pullback) so they can buy great businesses at cheaper prices. Then when that correction comes, the reaction emotionally different. Listen to this important podcast to understand exactly what you should be doing and thinking. Here’s to wise investing, Brian, Brett and the rest of the Iron Gate Family     The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC
Continue Reading

Categories: Uncategorized.

¡Que lo Que!

  ¡Que lo que! Que lo que (What the what?) is the most popular slang phrase from the Dominican Republic. People use it to greet others, like “what’s up”. Jose Antonio (the man that is starting a natural juice business) is doing great! We now have a logo designed for his business and he is working towards a weekly savings plan so that he can buy a blender. He is such a hard worker. Every time we meet with him, his pulls out his notebook full of questions and comments. Last week his homework was to talk to two potential customers within a couple of days to see if they would be interested in becoming clients of his new business. Jose went above and beyond and talked to almost twenty different stores and solidified six of them as clients. He is so eager to learn and loves what we are
Continue Reading

Categories: Uncategorized.

Beware of this one thing . . .

With the market making all time highs seemingly every week, we’ve been asked, “When is the market going to crash?” Our immediate answer focuses on two things – No one knows when the market is going to crash. It might happen when we see excesses in the market. In this week’s podcast we discuss how excesses in the market (also known as euphoria) might be the one thing to cause the next downturn. We look back at history, the late 90’s and 2007 – 2008 to discuss what happened when excesses caused the market to crash and how indexing certainly was not the best answer. We discuss not only the excesses, but more importantly, What did we do about it back then? What are we going to do about it now? Here’s to wise investing, Iron Gate Global Advisors – SPECIAL IGGA UPDATE –  You may have noticed some different
Continue Reading

Categories: Uncategorized.

Week 2: Our Guardian Angels: The Dominicans

Week 2: Our Guardian Angels: The Dominicans We made it another week! We absolutely love it here. With temperatures in the 90-95°F range and 100% humidity, the freezing cold showers are something we have come to look forward to. The people here tell us we are just starting the hot season; I don’t know how much hotter it can get before we literally melt (no wonder countries like the Dominican Republic have record Coca-Cola intake levels – there is nothing better on a hot day.) Although the Dominican Republic has uncomfortably hot weather, the people make up for it. We are constantly impressed and extremely grateful for the generosity and kindness of the Dominican people. Part of our program includes traveling long distances almost every day to new places. Although we are unfamiliar with the country, we get on buses with complete confidence that someone will take care of us
Continue Reading

Categories: Uncategorized.

Week 1: Morning Wake Up Call……COCONUTS!

Greetings from the Dominican Republic. Our first week working here in this country has been nothing short of an adventure! We have been assigned to the area of La Romana. La Romana is on the coast, west of the capital of the Dominican Republic, Santo Domingo. Only eight months ago, La Romana was opened as the second working area of the DR. We are here with another couple, some of our greatest friends, Sydney and Josh Billings. Together we go out everyday to teach the Dominican people self-reliance skills; especially those pertaining to business. We are absolutely loving our time here. Everyone is so kind and loving. One of our favorite parts of La Romana is our friend Antonio. He sells fruit from a cart beneath the window of our second-story apartment. Every morning around 5:45 am, we wake up to him chopping coconuts with his machete yelling a few
Continue Reading

Categories: Uncategorized.

Dominican Republic – Here We Come!

Iron Gate Family! My name is McKenna Strong. I am the account manager here at Iron Gate Global Advisors as well as a student at Utah State University studying Finance and Economics. Starting January 15, 2020 my husband, James, and I will be in the Dominican Republic as part of the SEED (Small Enterprise Education and Development) Program hosted by Utah State University. The SEED Program focuses on helping and empowering less fortunate individuals in foreign countries to become more successful and independent by teaching them entrepreneurial skills and business principles. Please visit https://huntsman.usu.edu/seed/index to learn more about SEED. As SEED interns in the Dominican Republic we will be working with two main partners; Operation Underground Railroad and Mentors International. Operation Underground Railroad (OUR) Operation Underground Railroad (OUR) is a non-profit organization dedicated to ending sex trafficking. Their main efforts are based in rescuing individual (mainly women and children) from
Continue Reading

Categories: Uncategorized.

Bear markets and the individual investor

Every year, the market falls at some point.  Since World War II, the average yearly fall has been -13.8%.  But what if it falls even more? Down 20%? That, my friends, is known as a Bear Market. In today’s podcast we talk all about these ugly Bear Markets. We discuss what investors can expect, how the individual investor managing their own money typically performs, and exactly how you should prepare. You won’t want to miss this one! Here’s to wise investing, Brian, Brett, Spencer and the Iron Gate Team   The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are
Continue Reading

Categories: Uncategorized.