 | | Wanderlust for Less | | Marc Lichtenfeld, Chief Income Strategist, The Oxford Club | Another 1970s-Style Gas Crisis?
Baby boomers remember gas shortages and 14% inflation. Think it can't repeat? Look what's baaaack... | | | Editor's Note: As Chief Income Strategist Marc Lichtenfeld writes below, there are many unique opportunities to save on future travel right now by planning ahead.
Once the COVID-19 crisis is over, many of us will be eager to be out and about and traveling again - myself included.
And Wealthy Retirement's publisher, The Oxford Club, is making it easy...
Its 22nd Annual Investment U Conference in Carlsbad, California, has been rescheduled! You can join Marc, along with your other favorite Oxford Club strategists, at this special event from August 20 to 22.
Click here for all the details.
Then, read on below to find out how thinking ahead can help you save on future travel.
- Mable Buchanan, Assistant Managing Editor
'Cause I'm leavin' on a jet plane
Don't know when I'll be back again. - John Denver
Last week, I mentioned how much I love to travel and told you about the journeys I had planned for March and April that were canceled. So it should come as no surprise that I'm already thinking about where I can go next.
The good news is that flights and hotels are cheap. Not surprisingly, few people are booking travel, so demand is quite low. You can find some great bargains if you're willing to take a chance that you may have to cancel. | | | For example, you can fly round trip from New York to San Francisco in August for less than $260. New York to London in September will set you back as little as $405. That's less than it sometimes costs me to fly from South Florida to Baltimore.
Miami to Tokyo is only $750. I paid more than twice that amount a few months ago when I was scheduled to speak at a conference in Japan that was eventually canceled. | | | Question: Will TRUMP or BIDEN Win the 2020 Election?
 Regardless of whom you favor, you SURE can't trust the polls! Just recall, one week before Election Day 2016, The New York Times openly referred to "Mrs. Clinton's administration-in-waiting"! Ha! Major polls had her chances of winning at 85%, 90%, even 99%. Now the "expert forecasters" are just as likely to blow it again.
But here's one contrarian prediction you can feel a LOT more confident about. | | | Costs for flights to destinations all over the world are half (or less) of what they were just a few months ago. If you're adventurous like I am, you may consider booking a trip for later in the year or in 2021. But if you're going to, here are a few tips to make it easier...
1. Make sure the airline you're booking with will waive change fees if you have to cancel due to the COVID-19 situation.
Many airlines (but not all) are waiving those fees, so be sure to read the fine print. I wouldn't book any flight on an airline that won't waive the fees, which can be hundreds of dollars.
2. Understand the airline's cancellation policy. Most airlines will not issue a refund if you or they have to cancel the flight because of the coronavirus. Instead, you'll receive a credit that must be used within 12 to 24 months depending on the airline.
So if you're going to book a flight, realize that once you do, the money is gone. You'll have to use it on a different flight with that airline if you don't take the original one.
Here is a breakdown of airlines' cancellation and waiver policies.
3. Keep track of deals. Not all destinations are a screaming bargain. But if you use the website Kayak, you can watch a flight and be notified when there is a price change. If the price falls to your threshold, you can grab it right away.
4. Call the hotel on its local phone number. Some hotels have leeway in price and may be willing to work with you, especially if the place is empty for when you want to stay.
5. Consider travel insurance. Trip cancellation insurance will refund some or all of your money if you cancel due to a death in the family, illness or other calamities.
Some policies allow you to cancel for any reason, though those are likely to be more expensive. But knowing you won't be out the cost of your entire trip if your plans have to change may be worth the insurance premium.
Also, check your credit card benefits. Some have various forms of travel insurance, which may make your decision on whether to purchase it easier or less expensive. Obviously, safety is going to be my first priority. I'm not going anywhere unless I'm confident that it's safe for me and, most importantly, my family.
But assuming traveling is safe, I can't wait to get back on a plane and go somewhere - especially if it's dirt cheap to do so.
Where's the first place you'll go when it's time to travel again? I'm open to suggestions. Leave your thoughts in the comments section.
Good investing,
Marc
P.S. Like I said, I can't wait to travel again - but with safety in mind, there are a lot of great options in the meantime.
Check out this page curated by Smithsonian magazine for a couple of neat virtual travel options. Among other trips, you can take a virtual dogsled ride and see the northern lights. | | | | | | No. 1 WORST Big Pharma Co. on the Planet? (See How to Score Up to 500% Gains on Its Collapse)
One Big Pharma company is now facing an investor class-action lawsuit after claiming it had a coronavirus vaccine when it DID NOT!
And Oxford Club biotech expert Marc Lichtenfeld is not surprised. He says this company has never commercialized a drug in its 40-year history.
Never. Not once.
Now he says it's time to take these guys down... and profit by up to 500% from their predictable collapse.
>>>See how here. | | | | - More From Wealthy Retirement - | | | | | | | | | Stock Legend Says to Buy These Three Ultra-Cheap Stocks Now
Stocks are suddenly available at their cheapest prices in years. Some are trading for 40%... 60%... even 75% off.
But he says three in particular are must-buys. Find out the details that will make your retirement here. | | | | | |
The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. 
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