There’s no denying that the coronavirus pandemic took a significant toll on the U.S. economy. It triggered a recession as states shut down, restrictions were imposed, businesses closed, and tens of millions of people found themselves out of work.
The good news is the U.S. economy is beginning to recover. The Atlanta Fed is now estimating 9.5% annual first-quarter GDP growth. In addition, retail sales surged 5.3% in January after declining for three-straight months. This was significantly above economists’ estimates for a 1% rise in retail sales. Unemployment at 10 million is still high, but better than the 30 million last April.
The bad news is about 63% of Americans are still living paycheck to paycheck, leaving little room to squirrel away money for retirement. In fact, just having enough for emergency savings is proving to be difficult. More than 47% of folks said they had to use all of their emergency savings.
Saving for retirement is already difficult, as people are living longer, healthcare costs keep rising, more people are in debt and many companies are not offering 401K plans. The Federal Reserve Bank of New York found that U.S. household debt sits at a stunning $13.29 trillion, up $618 billion from $12.68 trillion in 2008.
So, it’s no surprise that not being able to retire is American’s number-one financial fear, according to a GOBankingRates survey, especially when it will cost anywhere from $500,000 to $1,000,000 to retire comfortably. The Retirement Insecurity 2021 survey noted that about half of its respondents weren’t sure they’d be financially secure in retirement. And, because of the pandemic, about two-thirds of those surveyed had to push back their retirement dates.
The bottom line: We have a retirement crisis in America today.
Now if you find yourself in this camp, then my Project Lightspeed initiative is for you.
With this project, I took my proprietary stock-finding system to the next level. I crunched trillions of data, exploring one of the most profitable (and controversial) corners of the market. This is an area I’ve rarely – if ever – written or talked about before.
With Project Lightspeed, I uncovered a technique to help find big gains that investors would have never thought possible in the short term. I’m talking about back-tested gains of 967%, 1,329%, and even 1,711%. And you can do it many times, in less time than it would take you with a normal growth stock.
Gains like these would not only help you make up a lot of ground on your retirement but potentially shorten the gap by years.
I should note that with Project Lightspeed my focus is not on stocks, but rather something more potentially profitable. The reality is if you want to live a rich retirement, index funds and mutual funds aren’t going to get you there; bonds aren’t going to do it; dividends aren’t either.
This is, by far, my most aggressive, but also my most lucrative research.
So, if you’re looking to catch up on retirement or put it into hyperdrive, you don’t want to miss out on my special Project Lightspeed event, where I’ll discuss this my newest initiative and why I consider it a “potent weapon” that will give investors the chance to rack up triple-digit winners. You’ll want to tune in on Wednesday, March 3, at 4 p.m. ET. Click here to register and reserve your spot today.
The Editor (Louis Navellier) hereby discloses that as of the date of this email, the Editor (Louis Navellier), directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: