Luma Market Update – 5/23/2022 (6 min) TRANSCRIPT OPEN Investors feeling a lot of anxiety right now… and for good reason. Let us look at what happened and what may lie ahead. From Luma Financial, this is your Market Update. Hello, this is Albert Lu coming to you from Southern California. Today is Monday May 23. INTRODUCTION U.S. markets closed higher today. Heavy selling last week combined with…
Read MoreProtected: Update: Steve Todoruk
There is no excerpt because this is a protected post.
Read MoreUpdate: MGM Growth Properties
On Wednesday, VICI Properties announced it was acquiring MGM Growth Properties (MGP:NYSE) for $17.2 billion, a 16 percent premium on MGP’s Tuesday close. Shareholders of MGM Growth Properties will receive $43 in newly issued Vici stock for each Class A share. MGM Growth Properties is a REIT that spun-off from MGM Resorts (it’s largest tenant). It’s portfolio includes Mandalay Bay, the Luxor and the MGM Grand, all on the Las…
Read MoreUpdate: Steve Todoruk
I had the opportunity to catch up with Steve Todoruk, whom you all know. Steve gave me a very valuable update on my mining portfolio. I encourage you to watch this and contact me, or Steve directly, with any questions. Please note that this is a private conversation intended only for the original recipient list. I request that you please do not share. Click to play video: Steve Todoruk …
Read MoreUpdate: Steve Todoruk
Dear Investor, I had the opportunity to catch up with Steve Todoruk, whom you all know. Steve gave me a very valuable update on my mining portfolio. I encourage you to watch this and contact me, or Steve directly, with any questions. Please note that this is a private conversation intended only for the original recipient list. I request that you please do not share.
Read MoreLetter to Clients – June 2021
Interactive Brokers has provided a new form to request de-linking from the old financial advisor. Please use this form if you have not yet de-linked your account. DELINK form 6-10-21 Dear Investors, I’m happy to inform you that preparations for Luma Financial are moving along nicely. At this time, I encourage you to de-link your Interactive Brokers account from Sprott Asset Management but submitting the attached form directly…
Read MoreMarket Commentary – May 18, 2021
May 18, 2021 US INFLATION RISES TO 13-YEAR HIGH Recent headlines are all about the rise of inflation, and I don’t expect it to stop anytime soon. Here are just a few headlines from the last 24 hours. https://www.wsj.com/articles/inflations-magic-number-is-four-11621355006 https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short https://www.ft.com/content/9935be40-d041-4b7d-acac-4d86f3c25100 https://finance.yahoo.com/video/going-see-higher-inflation-numbers-192846353.html https://finance.yahoo.com/news/home-depot-q-1-sales-and-profits-lifted-by-skyrocketing-inflation-182424800.html It seems the nonstop monetary stimulus, which accelerated during the pandemic, has finally caught up with us. Recent data confirm the U.S. rate of inflation rose to…
Read MoreLetter to Clients – May 2021
Dear Valued Client, First, thanks for being such a great client. It’s been a true pleasure working with you, and I am so glad you will be joining me at my new firm. This email will outline the steps we must take. I will do my best to keep the transition simple and hassle free. STEP 1 – Terminate Advisory Contract With Sprott Asset Management The first step is to…
Read More