For his father the American political strategist, see Harry S. Dent Sr.
Harry Shuler Dent Jr. (born May 12, 1953)[1] is an American financial newsletter writer. His 2009 book, The Great Depression Ahead, appeared on the New York Times Bestseller List.
Dent is the founder of HS Dent Investment Management, an investment firm based in Tampa, Florida that advises, and markets, the Dent Strategic Portfolio Fund mutual fund. Dent is also the president and founder of the Dent Research and director of H.S. Dent Publishing.
Dent writes and markets an economic newsletter that reviews the economy in the US and around the world by focusing on generational consumer spending patterns, as well as financial markets. He has written eleven books, two recent ones being bestsellers. His most recent book, The Sale of a Lifetime, was released in September 2016.
The basis of Dent's investment thesis, spending wave theory,[2] is that consumer spending related to the generational formation of families has a profound effect on the market value of investments such as financial securities, real estate, and gold. Dent's spending wave theory posits that young adults spend little within the greater economy, and spending increases while they rear children. It peaks as children leave home and then slows during the last 15 years of working life (48–63). According to Dent, the decreased spending patterns of the current generation of US baby boomers entering retirement will cause a pronounced downturn in the greater macroeconomy and an associated decline in the value of financial markets.[citation needed]
Launched in June 1999, AIM Dent Demographics Fund had significant first year gains. Its subsequent performance was lackluster, however, and in July 2005, it was merged into another AIM offering.[5]
His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3,000 and 5,600 in 2014. After hitting bottom, stocks will experience a mini-rally in 2015–2017 before falling into a final bottom during the 2019–2023 period, when the 45–50 age group troughs because the U.S. birth rate reached its own low in 1973.[6] The Dow Jones ultimately doubled in that timeframe.[1]
In 2012 the "Dent Tactical Advantage ETF," symbol DENT, was de-listed having consistently under-performed the market for three years.[7]
In 2013, Dent predicted the market would crash again in the Summer of 2013 and would take a further year and a half to recover.[8]
In 2014, while promoting his book The Demographic Cliff in Australia, he predicted a major Australian housing market correction beginning in 2014 after an even bigger one in China.[9] He also predicted that the price of gold would fall to USD$700 an ounce, later revising this prediction to 2017.[10]
On December 10, 2016, Dent predicted that the Dow Jones Industrial average could fall 17,000 points as a result of Donald Trump's election win. Less than two weeks later, Dent reversed his opinion and thinks there is short term growth for the US stock market, but demographic forces will keep the economic growth stagnant in the longer term.[11]
Criticismedit
According to Gene Epstein of Barron's Magazine, "Harry S. Dent Jr. knows how to sell books. But whether his stock-market strategies make sense—or money for investors—is another question."[12]
Jeffrey M. Laderman suggests in a Bloomberg Businessweek article that, "Harry's explanation of the stock market is a simple one that resonates with investors"..."But is it too simple to explain something as complex as the stock market and the economy?"[13]
Larry Swedroe, writing for CBS Money Watch asks, "Why do people listen to Harry Dent in light of his obvious inability to accurately predict the future?"[14]
Marketwatch Columnist Chuck Jaffe opines that, tell "people what they want to hear, and they will flock to your door."[15]
^ abSiegel, Jeremy J. (2002-06-21). Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies, 3rd edition. New York: McGraw-Hill, 388 pp. ISBN978-0-07-137048-6.
^Rusoff, Jane Wollman. "Harry Dent: 'Biggest Crash Ever' Likely by End of June". ThinkAdvisor. Retrieved 2021-08-26.
^Dent, Harry S. Jr. "Here's how to get expat benefits while staying close to home". MarketWatch. Retrieved 2021-08-26.
^Burton, Jonathan. "Harry Dent and the Dent Tactical ETF". WSJ. Retrieved 2023-03-14.
^Jim Fink. . InvestingDaily.com. Archived from the original on 2017-10-03. Retrieved 2012-02-19.
^Harry Dent Predicts Market Crash In Q3 – Business Insider
^Collett, John (2014-02-13). "Nightmare vision of impending property crash". The Sydney Morning Herald. Retrieved 2014-02-14.
^Dent, Harry S. Jr., (2016-06-08) "BLOODBATH 2016," p. 11, (snail mail solicitation for subscription to "Boom & Bust" letter, retrieved 2016-06-08) stating "[T]he gold bubble will continue to burst. In the next year [2017] it will hit near $700 and ultimately bottom out as low as $250."
^"An economist who predicted a 17,000-point stock-market crash just 10 days ago is suddenly bullish". Business Insider. Retrieved 2016-12-20.
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For his father the American political strategist see Harry S Dent Sr Harry Shuler Dent Jr born May 12 1953 1 is an American financial newsletter writer His 2009 book The Great Depression Ahead appeared on the New York Times Bestseller List Contents 1 Biography 2 Forecasts and performance 3 Criticism 4 Bibliography 5 References 6 External linksBiography editDent born in Columbia South Carolina is the son of Republican political strategist Harry S Dent Sr Dent is the founder of HS Dent Investment Management an investment firm based in Tampa Florida that advises and markets the Dent Strategic Portfolio Fund mutual fund Dent is also the president and founder of the Dent Research and director of H S Dent Publishing Dent writes and markets an economic newsletter that reviews the economy in the US and around the world by focusing on generational consumer spending patterns as well as financial markets He has written eleven books two recent ones being bestsellers His most recent book The Sale of a Lifetime was released in September 2016 The basis of Dent s investment thesis spending wave theory 2 is that consumer spending related to the generational formation of families has a profound effect on the market value of investments such as financial securities real estate and gold Dent s spending wave theory posits that young adults spend little within the greater economy and spending increases while they rear children It peaks as children leave home and then slows during the last 15 years of working life 48 63 According to Dent the decreased spending patterns of the current generation of US baby boomers entering retirement will cause a pronounced downturn in the greater macroeconomy and an associated decline in the value of financial markets citation needed Dent resides in San Juan Puerto Rico 3 4 Forecasts and performance editLaunched in June 1999 AIM Dent Demographics Fund had significant first year gains Its subsequent performance was lackluster however and in July 2005 it was merged into another AIM offering 5 His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3 000 and 5 600 in 2014 After hitting bottom stocks will experience a mini rally in 2015 2017 before falling into a final bottom during the 2019 2023 period when the 45 50 age group troughs because the U S birth rate reached its own low in 1973 6 The Dow Jones ultimately doubled in that timeframe 1 In 2012 the Dent Tactical Advantage ETF symbol DENT was de listed having consistently under performed the market for three years 7 In 2013 Dent predicted the market would crash again in the Summer of 2013 and would take a further year and a half to recover 8 In 2014 while promoting his book The Demographic Cliff in Australia he predicted a major Australian housing market correction beginning in 2014 after an even bigger one in China 9 He also predicted that the price of gold would fall to USD 700 an ounce later revising this prediction to 2017 10 On December 10 2016 Dent predicted that the Dow Jones Industrial average could fall 17 000 points as a result of Donald Trump s election win Less than two weeks later Dent reversed his opinion and thinks there is short term growth for the US stock market but demographic forces will keep the economic growth stagnant in the longer term 11 Criticism editAccording to Gene Epstein of Barron s Magazine Harry S Dent Jr knows how to sell books But whether his stock market strategies make sense or money for investors is another question 12 Jeffrey M Laderman suggests in a Bloomberg Businessweek article that Harry s explanation of the stock market is a simple one that resonates with investors But is it too simple to explain something as complex as the stock market and the economy 13 Larry Swedroe writing for CBS Money Watch asks Why do people listen to Harry Dent in light of his obvious inability to accurately predict the future 14 Marketwatch Columnist Chuck Jaffe opines that tell people what they want to hear and they will flock to your door 15 Dent has made many incorrect predictions 2 Bibliography editZero Hour Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage 2017 The Sale of a Lifetime How the Great Bubble Bust of 2017 Can Make You Rich 2016 The Demographic Cliff How to Survive and Prosper During the Great Deflation of 2014 2019 2014 The Great Crash Ahead 2011 The Great Depression Ahead 2009 The Next Great Bubble Boom 2006 The Roaring 2000s Investor 1999 The Roaring 2000s 1998 The Great Jobs Ahead 1995 The Great Boom Ahead 1993 Our Power to Predict 1989 References edit a b Family search a b Siegel Jeremy J 2002 06 21 Stocks for the Long Run The Definitive Guide to Financial Market Returns and Long Term Investment Strategies 3rd edition New York McGraw Hill 388 pp ISBN 978 0 07 137048 6 Rusoff Jane Wollman Harry Dent Biggest Crash Ever Likely by End of June ThinkAdvisor Retrieved 2021 08 26 Dent Harry S Jr Here s how to get expat benefits while staying close to home MarketWatch Retrieved 2021 08 26 Burton Jonathan Harry Dent and the Dent Tactical ETF WSJ Retrieved 2023 03 14 Jim Fink Harry Dent and Demographic Investing Concept Better than Reality InvestingDaily com Archived from the original on 2017 10 03 Retrieved 2012 02 19 Harry Dent Tactical ETF Gets The Ax Stock News amp Stock Market Analysis IBD Harry Dent Predicts Market Crash In Q3 Business Insider Collett John 2014 02 13 Nightmare vision of impending property crash The Sydney Morning Herald Retrieved 2014 02 14 Dent Harry S Jr 2016 06 08 BLOODBATH 2016 p 11 snail mail solicitation for subscription to Boom amp Bust letter retrieved 2016 06 08 stating T he gold bubble will continue to burst In the next year 2017 it will hit near 700 and ultimately bottom out as low as 250 An economist who predicted a 17 000 point stock market crash just 10 days ago is suddenly bullish Business Insider Retrieved 2016 12 20 Harry Dent s Dented Predictions Barron s Archived copy Archived from the original on May 28 2000 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Harry Dent and the chamber of poor returns CBS News Stupid Investment of the Week MarketWatchExternal links editEconomy amp Markets Dent Research Retrieved from https en wikipedia org w index php title Harry Dent amp oldid 1193381343, wikipedia, wiki, book, books, library,
