This weekend, for my in-laws' 57th anniversary, we took them to dinner and dancing at the Chesterfield Hotel on Palm Beach. It is just as fancy as it sounds. My 13-year-old son, who tends to enjoy the finer things in life, took the whole scene in - the terrific food, the talented band, the nattily dressed clientele - and said, "Dad, I want to live like this." Read On…
Chief Income Strategist
Marc Lichtenfeld became the Club’s Chief Income Strategist in 2012. Prior to that, he was the Club’s Senior Analyst and Healthcare Expert. Marc is the Senior Editor of The Oxford Income Letter, as well as the Editor of Oxford Systems Trader, Dividend Multiplier and Lightning Trend Trader.
He has worked as a trader and senior equities analyst, outperforming the S&P 500 and, thanks to his expertise in the biotech sector, the S&P Healthcare Index by a wide margin. Marc also looked at the market with a journalist’s eye as a columnist for The Street, where he broke several stories on companies in the biotech sector. His contrarian recommendations (including shorts) gained 12.6% annualized versus the S&P 500′s gain of 0.5%. He also published a best-selling book: Get Rich With Dividends: A Proven System for Earning Double-Digit Returns.
Marc's Investment Beginnings
What was the first dollar you ever earned?
Shoveling snow when I was 9.
What's been the most satisfying dollar (or dollars) you've ever earned?
It's a tie. There was the $300 I made buying my first stock, when I was 22 – I bought 50 shares of Harley Davidson at $18 and sold it a short time later at $24. I thought this stock market stuff was going to be easy. The other one was being paid by Don King to ring announce one of his shows.
What's your favorite way to make money?
Finding stocks that Wall Street has not yet discovered or misunderstands is one of my favorites.
What's the best investment advice you've given or ever heard?
Zig when others zag.
Marc's Investment Newsletters and Trading Services:
- Editor, Healthcare Profits Alert
- Editor, The Oxford Systems Trader
- Editor, Dividend Multiplier
- Senior Editor, The Oxford Income Letter