Todd Shaver's Concentrated Focus
Though a long-time veteran of financial markets, Todd Shaver has just launched the Bull Market Report. Here, we discuss the goals of the service, his investment strategy and concentration on a small number of favorite stocks, and a trio of his latest recommendations.
Steven Halpern: Our special guest today is Todd Shaver, editor of the Bull Market Report. How are you doing today, Todd?
Todd Shaver: I’m doing great! How are you, Steve?
Steven Halpern: Very good. Thank you for taking the time. You’ve been an expert in the financial industry for over three decades. Could you tell our listeners a little about your background and what led you to the newly launched Bull Market Report?
Todd Shaver: All right, well, yeah, I’ve been in the Wall Street arena for well over 30 years. I’ve been a trader. I’ve been a trader of options. Been a trader of futures. I’ve been an investor. I’ve invested for other people. This led to the start of the Bull Market Report in 1998.
It was quite successful. Although the dot.com crash of March of 2000 was sort of the end of the bull market, it’s a bit difficult to work with a company called the Bull Market Report when you’re in a bear market, but we survived.
I sold the company in ’05 and just recently I was able to buy the company back and relaunch it after it had been shut down for a couple of years. I’ll tell you, the subscribers are very, very happy that I’m back and we’re excited to be back as well.
Steven Halpern: Well, it’s great to be able to introduce you to the MoneyShow audience. Let’s talk a little so they can learn more about your strategy. Now, despite the market volatility and so many naysayers on the outlook for the economy, you recently stated we are bullish on American, the stock market and US stocks. Could you expand on that?
Todd Shaver: Yeah, I did say that. What I meant to say is that you know there are a lot of equities that you can buy in China. You can pick and choose from Europe. You can go to South America.
And my take on that is; listen, there are 10,000 stocks in America on the United States stock market, the NASDAQ, and it’s difficult enough to find the really great ones in this country, so why go overseas?
Especially since we don’t really know what’s going on with the government in China and how they control the market. We stick to American. We are bullish on the United States. Economy is fairly strong. It’s very entrepreneurial.
Just look at what I’ve done here recently, restarted a company at my exalted age and I know a lot of young people here in Aspen, 20s, 25, 30, 35, and they’re all thinking about starting companies or are starting companies.
A friend of mine today, he’s been in business one year.