Profit from Pessimism with David Skarica

Skarica.

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In 1996, I began my investing journey at the tender age of 18. To my knowledge, I am the youngest person on record to obtain the Canadian Securities Course (CSC) license to trade securities.

Quickly, I realized that I saw things differently than most.

For example, in 1998, while everyone was raking in profits, I felt that the market had become another epic bubble like the 1920s bubble.

So, at 20 years old I wrote my first book, Stock Market Panic! In my book I recommended gold, which at the time seemed crazy; however, over the decade following my recommendation gold went from $250 an ounce to nearly $1,900 while the S&P 500 lost value.

With the success of my first book, I decided to start a newsletter called Addicted to Profits.

By 2003, my Addicted to Profits newsletter portfolio’s performance was so strong and my recommendations were so profitable that Addicted to Profits was ranked fifth out of 300 market newsletters by stockfocus.com.

I also placed second in the 2003 Globe and Mail stock-picking contest after my selection, Eldorado (EGO), gained 95% in 2003. In 2005, The Globe and Mail also featured me in the investment section for my unique approach to the markets.

If you aren’t familiar, the Financial Intelligence Report is Newsmax’s longest-running investment report, and the amount of investment advice we provide each month is priceless.

This chance encounter led to my second book, The Great Super Cycle. The book was extremely successful, selling north of 40,000 copies, and was even the No. 1 investment book on Amazon for a period.

The book’s success led to me becoming an adviser with Newsmax and the rest is history.