You Should Be FURIOUS

Is this negligence or criminality?‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED Former CBOE trader reveals #1 stock EVERY WEEK! It's delivered an 83% win rate, but he guarantees he'll beat that! Watch how he does it... Editor's Note: Did you miss The 2022 Stock Market Fast Track event featuring Chief Investment Strategist Alexander Green, Chief Income Strategist Marc Lichtenfeld and TradeSmith CEO Keith Kaplan? If so, it's not too late to view the rebroadcast and learn more about Keith's easy-to-implement technique that could boost your returns by up to 6X... Click here to see how you could turbocharge your gains in 2022. - Kyle Wehrle, Assistant Managing Editor MARKET TRENDS Management Teams Are Abusing Share Buybacks Jody Chudley, Contributing Analyst, The Oxford Club You've heard me rant about this several times before... While I love share repurchases as a tool to create shareholder value, I detest how the majority of publicly traded companies misuse them. The bungling of share repurchases has never been more rampant than it is right now. In the third quarter of 2021, share repurchases by members of the S&P 500 totaled an incredible $234.6 billion. That's an all-time record. It's also a huge increase of 130% from the $101.8 billion worth of share repurchases that were logged in the third quarter of 2020. Now, let's think about this for a minute... In 2020, S&P 500 companies were much more conservative with their share repurchases. The economy was scary, so they sat on their cash. In 2021, business prospects have improved and companies are buying back stock hand over fist. What they aren't thinking about is price... SPONSORED "The Lifeblood of the New Economy" Is in Her Hand... Over the next decade, the technology in her hand could create as many as 4.6 million jobs... Contribute up to $1.7 trillion to U.S. GDP... And help some people accrue life-changing wealth. Here's how you could become one of them... Instead of buying low, they are buying high. They are doing the exact opposite of what smart investors do. As you can see in the chart above, the S&P 500 started the third quarter of 2020 at 3,100 and ended it at 3,363. The index has gone straight up from there. The companies that make up the index repurchased $101.8 billion worth of stock in the third quarter of 2020. Meanwhile, in the third quarter of 2021, the S&P 500 traded within a range of 4,297 to 4,307, which, on average, is 33% higher than where it traded in 2020. At these much higher prices, management teams of S&P 500 companies more than doubled their rate of share repurchases to $234.6 billion. Instead of using share repurchases to create value by paying bargain prices, they use repurchases to destroy value by paying expensive prices. Why not accumulate cash when share prices are high? That way, companies have dry powder to repurchase shares at lower prices during the next stock market swoon. It frustrates me beyond belief. But management teams are doing something that upsets me even more... Click to Read More... MORE FROM WEALTHY RETIREMENT How Long Can This 40% Yield Stay Afloat? Oil Producers Finally Have Some Discipline What's Your Bear Market Plan? This 4.1%-Yielding REIT Remains Sturdy Facebook Twitter Email Share Push Alert SPONSORED Palm Beach Millionaire Is Giving Away His Top Income Secrets... FREE OF CHARGE. CLICK HERE You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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