Millionaire women are increasing for a reason. This series looks at the wisdom of how to be rich gained through the books “The Millionaire Next Door,” “The Millionaire Mind” and now “The Millionaire Woman Next Door.”

The first message in this series showed how spending beyond ones means is the biggest risk to everyone’s wealth. This is a complex issue because of the hidden indoctrination to spend, which we are crushed with daily.

This second message looked at how taxes are the biggest expense category of all and how to be more tax efficient.

The third destructive force that stops people from becoming millionaires are scams, interest costs and bad investment advice.

Common Denominator of Wealth #3: Millionaires invest well. They spend less than they earn and pay attention to how their savings are invested.

Diversify your investing and earning currencies. It is no longer enough to earn more. Technology changes investment markets so fast that few investors can depend on their own research or any one financial advisor. One must be able to diversify their investment advice, currencies and investments to protect against fast changing markets and currency instability.

Are Pastures Greener Abroad?

International investing and business is better now than local. For example over the last six years ending in December 2006, the Emerging Markets Index delivered a total return of 217% in US dollars and 125% in euros, while the Major Markets Index gained only 33.8% in US dollars, but, due to the weakness of the US currency versus the euro, lost 4.8% in euros.

The weakening of the dollar has been going on for the past 40 years. Take 30 year US Treasury Bonds as an example. They are called, by many, the safest investment in the world. To me they are absolutely guaranteed….to lose purchasing power. One might call them one of the greatest cons in the world!

40 years ago one US dollar bought 400 yen. Today it buys little more than 100 yen. This means that if you invested 10,000 dollars in these bonds (that paid about 3% per annum) and held them for 30 years the investment grew to be worth about $23,000. Had you invested in Japanese yen bonds that paid the same rate of interest the investment after these last 30 years would be worth $92,000 dollars!

I am not suggesting that one now invest in Japanese yen bonds. The difference in returns between US Treasury Bonds and many major currencies would have been true during the last 30 years.

Smart investors today take a global view.

Jyske Bank uses a good value system that looks at equities all around the world for example. This good value approach combined with a global view had reaped impressive returns. Jyske Bank’s affiliated fund management company, Jyske invest, has been rated number one by Morningstar.

Jyske uses this good value system to help us select shares for our Multi-Currency Portfolio Educational Tracking Service.

This has worked pretty well. In 2006 the mainly equity portfolios we tracked rose 42.93% (Emerging Market) and 114.16% (Asia Emerging Market) in a year.

This year we used Jyske good value global approach to form five new diversified portfolios. We formed these new portfolios Nov. 1 last year and as of Feb 6, 2007 the five portfolios have risen as shown below:

Safety has not been reduced to get such returns either. Jyske Bank is the second largest Danish bank with 450,000 domestic clients, 35,000 international clients, USD 23 Billion in total assets, and a rating from Moody’s of A1.

Jyske Bank Private Banking division is a business unit of the Jyske Bank Group, and they cater exclusively for international private investors from 180 different countries. They have offices in Copenhagen, Switzerland, Gibraltar and Fuengirola, Cannes and Warsaw.

Jyske Bank is one of the most experienced currency trading banks in the world and trades 24 hours a day. Many banks use Jyske Bank as their currency trader. With over 35 years’ specialization in private banking and Denmark is ranked by Moody’s as the safest country in the world to have a bank account in.

We develop five portfolios once a year for educational purposes in cooperation with Jyske Bank’s Private Banking division.

You can learn why this performance has taken place in a sixteen page email report about how global 13 economic forces now clash to shape investments markets ahead that show the rewards and the risks. The report outlines the five new Multi-Currency Portfolios we are tracking in our Borrow Low-Deposit High Multi-Currency Sandwich Educational Service. Details are at http://www.garyascott.com/catalog/bldh/

Tomorrow’s message we’ll see how another value analyst we work with is performing well. In January 2007, Keppler Asset Management was, for the third consecutive year, named Best Fund Company in the Fund Specialists’ category by Capital, a leading German business magazine. Keppler’s firm was one of only six out of 100 companies tested that received the highest five-star rating based on an independent evaluation of fund quality, management, and customer service by Feri Rating & Research and Steria Mummert Consulting.

You can learn more at our upcoming course on international investing.

Details are below.

Gary

Join us for warm days and cool nights in Ecuador this winter. Learn how to better process business, investing AND SUCCESS information.

Mar. 16 -18, Fri.-Sun. International Business and Investing Made EZ.

Mar. 19 - 21, Mon.-Wed. Andes Extension & Real Estate Tour.

March 23 – 25, Fri. –Sun. Shamanic Mingo Tour.