Multi Currency View of the Cliff


Here is a a multi currency investing view from the cliff.

yorkshire cliffs

Limestone cliffs (called scars) in Yorkshire Dales.

Sometimes cliffs provide more than a risk of plummeting.

Yorkshire

Our son, Jake, overlooking the Yorkshire Dales.

More often they provide expanded horizons and better views.

This is why now is the time to seek value in real estate and equities… while prices are low because people are worrying about the fiscal cliff.

The masses encouraged by mainstream media thrive (and act) on fear.

When fear is at its greatest… good vale and investing potential is at its best.

This means that concerns about the Fiscal Cliff are creating extra value… right now.

Warren Buffet agrees.  In an interview about the Fiscal Cliff , he said the U.S. economy can weather it for a month or two. “We’re not going to permanently cripple ourselves”.

He does not believe that the failure to address the fiscal cliff by Dec. 31 will lead to a recession. “We have a very resilient economy,” he said. “The fact that lawmakers can’t get along for the month of January is not going to torpedo the economy.”

Tom Ruggie at Ruggie Wealth, another investment manager I follow, had some interesting comments as well.

Tom wrote last week:  Another week is history and we’re another week closer to the “fiscal cliff”.

You can’t turn on the TV or surf the internet without some reference to the fiscal cliff. But, consider this. Remember all the fuss about Y2K back in 1999?  Everybody was worried about planes dropping from the sky at midnight, ATMs freezing up, and the power grid shutting down on January 1.

Well, the clock struck midnight and, poof, like Cinderella’s glass slippers, nothing changed.
 
Perhaps it was all the preparation ahead of Y2K that ensured it would be a non-event. In fact, one could argue that all the upgrading of equipment and intense preparation that went into the buildup toward Y2K helped propel the economy and fan the tech bubble that culminated at the turn of the century.

Then, as you may know, it was right after Y2K that the stock market went over its own cliff and fell into a bear market.
 


Now, here’s where it gets interesting. While the overall stock market has been weak during the 13 years since Y2K, corporate earnings continued to rise. As a result, the Shiller PE10 ratio, a measure of valuation of the overall stock market, has dropped from 44 at the end of 1999 to 22 at the end of September of this year. In other words, the overall stock market is a lot less “expensive” than it was 13 years ago.
 


This could mean a couple things:
 


1.  If we go over the fiscal cliff, the stock market may not fall as much as it did after Y2K because the overall market valuation level is much lower now.


2. Investor psychology and Federal Reserve policy are still wildcards. How investors and the Fed respond to whatever happens with the fiscal cliff could have a significant impact on the markets – good or bad.
 
No matter what happens with the cliff talks, we’re keenly focused on the situation and we’ll make adjustments to your portfolio as appropriate.

I concur and am backing my beliefs with my investments.

I believe that bonds are overvalued at this time and that equities overall offer special value now.  Of course the trick is to select equities with extra special value.

As outlined in our recent message entitled “Multi Currency Sandwich” this is a good time to leverage investments with yen loans. I am doing so and the question is where to invest the loan.

One way is to invest in bonds and earn the positive carry (the bond yield beyond the loan cost) plus gain the forex potential (and risk).

I asked Thomas Fischer at Jyske Global Asset Management and he offered a few bond tips.

He wrote:  If you believe in the euro turmoil scenario (Greece exit) then a EUR loan would be attractive. You could again buy some dollar denominated assets and/or perhaps some alternatives as Mexico (recommended by our partners) but keep in mind Emerging Markets as a whole would take a dive in a risk-off scenario.

If you take a yen loan and invest in euro bonds you would be long euro/yen which in a turmoil scenario described above would plummet. Yen loan could be interesting but perhaps some dollar denominated assets instead.  Some of the USD bonds on our recommendation list yields 4-5.50% (Cheasepeake yielding 5.50%) not much upside but more a play on USD/JPY long position.

Another option is to take a euro loan and invest in euro just aiming at the carry.  Atu euro bond on our list yields 11% so a nice pick up no currency exposure but risk is on the issuer (highly speculative rating).

Let me hasten to add that these comments from Thomas are for me in my situation which he knows well. They may not apply to you and you should review your position with an investment adviser to make sure that the risk and rewards of speculating with leverage fits your financial situation and need.

However Thomas’ suggestion was more to my liking.  

He wrote: Alternatively buy some US dividend paying equities such as Pepsico or Target.

Our advisers are quite upbeat and expect the US to address the cliff and if not a grand bargaining at least some steps to avoid falling off.  They all agreed any downside would be limited and at worst a bungy jump of the cliff  with a bouncing back as politicians react fairly quickly to avoid being punished hard by the electorate.

The eurozone  received mixed reviews from our partners. They believe that the eurozone equities will do well next year (especially German equities and companies with global and Emerging exposure).  However one researcher was convinced that Greece possibly Portugal would exit next year creating at least short term turmoil and a weakening euro (longer term it would bounce back) possible toward parity.

All agreed on a stronger dollar in 2013 after perhaps an initial weakening against EUR towards 135-138 (fiscal cliff issues).

We’ll review the investments I choose at our upcoming Super Thinking + Investing and Business seminar. Feb 1-2-3, 2013… but for those in a hurry I have a special offer so you can get an update at a special Washington, DC seminar in January. See more below.

Strong Buy Equities

Thomas also shared a list of equities that offer extra good value now.

Three have a “strong buy” recommendation from Jyske Bank. These shares are in a report that compiles JGAM’s recommendations on individual equities. All recommendations are based on recommendations from external research sources as JGAM does not produce analysis on specific securities. The list can contain securities that JGAM’s clients do not hold in Managed Portfolios, but are recommended by JGAM for Advisory clients based on recommendations from JGAM’s research partners. It is JGAM’s Investment Committee that decides which securities to include on the list of recommendations. The list does not take into account JGAM’s currency recommendations.

They are:

Carlsburg  B

FL Smidth & Co.

E. ON AG

Life is an adventure and when hiking along cliffs…. the risk of falling grows… but so too does the change of glorious views.

Our daughter, Francesca, put it wonderfully when she wrote about her hiking trip in the Drakensberg Mountains of South Africa and Lesotho.

We set off on our adventure in deep mist.  My initial disappointment at the bad weather soon gave way to immense gratitude that we couldn’t see the steep cliff faces we had to traverse to reach the top of the escarpment!

Francesca scott

Fran climbing towards the escarpment.

Francesca Scott

Fran enjoying the views from the top.

Gary

Special Free Investing Seminar

This seminar is by invitation only and JGAM has given us tickets to provide to our International Cub members as well as subscribers to our Borrow – Low Multi Currency Service and delegates of our February 1-2-3 Super thinking + Investing and Business seminar in Mt. Dora.

Jyske Global Asset Management (JGAM) is conducting a special “Fiscal Cliff” seminar in Washington DC, Saturday 26, January, 2013.

The seminar has a great host of speakers including: 

Thomas Fischer, Senior Vice President, JGAM,

Elise Labott, Foreign Affairs Reporter, CNN

David Darst, Managing Director and Chief Investment Strategist, Morgan Stanley

João Valde de Almeida, EU Ambassador to the US

Martin Barnes, Chief Economist, BCA Research

Neil Irwin, Columnist, Washington Post & economics editor of
Wonkblog,

Lars Stouge, President & CEO, JGAM Question & Answer Session End of Seminar Program

Speaker CVs

Elise Labott
Elise Labott is CNN’s Foreign Affairs Reporter. Since she joined CNN in 2002 as the network’s State Department Producer, she has reported from more than 75 countries and has traveled the world with four Secretaries of State. In addition to providing on-air reports and analysis for CNN’s television and radio networks, Labott writes regularly for CNN.com. Labott came to CNN from ABC News, where she covered the United Nations, and also reported for Agence France Presse and other publications on diplomatic and foreign policy issues. She received her undergraduate degree from the University of Wisconsin-Madison in international affairs and communications. She has a Master’s in Media Studies from the New School for Social Research. Labott is currently vice-president of State Department Correspondents Association and a member of the Council on Foreign Relations.

David Darst
David Darst is Managing Director and Chief Investment Strategist at Morgan Stanley Smith Barney with responsibility for Asset Allocation and Investment Strategy, and he was the founding President of the Morgan Stanley Investment Group. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years served as Resident Manager of their Private Bank in Zurich.

João Vale de Almeida
Ambassador João Vale de Almeida is the Head of the Delegation of the European Union to the United States. In this capacity, he represents European Commission President José Manuel Barroso and President of the European Council Herman Van Rompuy, under the authority of the High Representative for Foreign Affairs and Security Policy Catherine Ashton.

Mr. Vale de Almeida presented his credentials to US President Barack Obama at a White House ceremony on August 10, 2010. Prior to his appointment in Washington, he served as the Director General for External Relations at the European Commission, the European Union’s executive body. As the most senior official under the authority of the High Representative/European Commission Vice-President Baroness Ashton, he helped formulate and execute the EU’s foreign policy and played a key role in preparing for the new European External Action Service (EEAS) introduced by the Treaty of Lisbon.

Martin Barnes
Chief Economist at BCA Research, one of the world’s leading independent provider of global investment research. Martin Barnes joined BCA Research in 1987 and, from 1993 to 2011 was Managing Editor of the flagship monthly Bank Credit Analyst publication. From 1987 to 1993 he was Managing Editor of the U.S. Fixed Income Analyst publication. Prior to joining the firm, Mr. Barnes spent ten years as Chief International Economist with a major U.K. securities firm and five years as an economist with BP in London. He speaks frequently at investment conferences around the world, and is quoted widely in the financial press. He holds a B.A. in Economics from Strathclyde University, Scotland. Since 2007, he has been on the Board of Trustees of the University of Victoria Pension Fund.

Neil Irwin
Neil Irwin is a Washington Post columnist and the economics editor of Wonkblog, The Post’s site for policy news and analysis. Each weekday morning his Econ Agenda column reports and explains the latest trends in economics, finance, and the policies that shape both. He is the author of “The Alchemists: Three Central Bankers and a World on Fire,” a book about the efforts of the world’s central banks to combat the financial crisis and its aftermath, to be published in spring 2013 by the Penguin Press. Irwin covered economics and the Federal Reserve for The Post from 2007 to 2012, where he helped lead coverage of the 2007 to 2009 financial crisis, recession and government response. He has been a reporter at the Post since 2000, and also covered topics including the Washington regional economy, economic development and Internet companies. He was a Knight-Bagehot Fellow in Economic and Business Journalism at Columbia University, from which he has an MBA. Irwin’s undergraduate studies were at St. Mary’s College of Maryland. http://www.washingtonpost.com/
JGAM representatives

Lars Stouge
Lars Stouge is President and Chief Executive Officer of JGAM. Lars developed the business model behind JGAM and sponsored by Jyske Bank, the second largest Danish bank, Lars was put in charge of setting up the company and running it. JGAM started operating in April 2008. JGAM is the first Danish Investment Adviser registered with the U.S. Security and Exchange Commission. Lars is chairman of JGAM’s Investment Committee and responsible for the operation of the Portfolio Management Team. Lars holds an MS in Economics from University of Aarhus and an Executive MBA from the Scandinavian International Management Institute with a faculty representing Harvard, INSEAD, IMD and London Business School. In his career Lars has held positions as Financial Analyst, Portfolio Manager, Chief Economist, Director of Private Banking and Director of Asset Management. Lars also has many years of experience as an associated professor in economics and finance at various business schools. www.jgam.com

Thomas Fischer
Senior Vice President at JGAM. Thomas has 37 years experience in the financial sector. Thomas traded currencies both as a trader and a broker for more than 22 years in Copenhagen, London, Düsseldorf and Frankfurt. Thomas spent 10 years in Germany and was a Managing Director and the head of the international currency section of a major German broker company. During his time in Germany he successfully completed an MBA focusing on the external environment and corporate finance. In 2000 he joined Jyske Bank Private Banking and was promoted to Manager of International Client Relations in 2001. In 2008 he joined the newly established Investment Adviser Company JGAM, as a Senior Vice President. He is a member of JGAM ́s Investment Committee and is responsible for JGAM’s Relationship Management team. www.jgam.com

International Club members and Borrow Low subscribers should wrote direct to me for a ticket.

Order “Borrow Low – Deposit High” Report here. Get a Washington DC seminar invitation FREE  right away.  $79. For Details click here.

Enroll in our Feb. 1-2-3, 2013 Mt. Dora Super Thinking + Investing & Business seminar. Get a Washington DC seminar invitation FREE  right away.  Get details here

Belong to the International Club

Enjoy the Good New Days

Many people yearn for a return to the good old days.  This is a mistake.  Those days are gone and will never return.  Honestly they really were not that good.  We would be sorry if they were here now.  The future is better and for a special few the days, months and years ahead will be much better than the past.   We plan to be among them and invite you to join us in an easier, freer, richer, safer world.

Soon you will be reading… again, about how instability in the US dollar threatens our lifestyles.  The dollar, once the world’s reserve currency is burdened with debt and deficits that threaten economic and social order almost everywhere.  This is nothing new.  In fact, deterioration in the greenback is one reason for a seven decade downward spiral in your and my freedom.  When we work hard and save carefully, but get less and less in return, we become boxed in.  It’s a never ending rat race.  This is a trap, a downwards spiral where the more dollars we get the less we can buy.

Learn how to have more freedom and time, less stress, better health care, extra income, greater safety and profit in your savings despite America’s deficits, debt and currency risk.

downwards spiral

A downward spiral of the US dollar began the downward spiral of our freedom.

Fortunately there are secrets that will allow a few to live much better, free of debt and worry despite the decline in the dollar’s purchasing power.   My wife Merri and I have traveled, lived, worked and invested around the world for nearly 50 years to gain this information.  Let me share the basics of this data and how it can help you.

The first fact behind this secret is that things are really good in the western world.  Despite the many problems, we are surrounded by more abundance and greater opportunity than almost anyone has ever enjoyed, anywhere, ever.   To enjoy a fair share of this wealth, all we have to do is understand human nature and learn how to invest in the new economy, as it changes and becomes new, again and again.  Merri and I have made seven huge transitions in the 50 years.  Each has allowed us to always stay ahead of losses that the majority of Americans suffer.  We are in another transition right now and want to share why and what to do so you can stay ahead and live a richer, independent life too.

The concept of democracy, as we learned it, has weakened, but we still have free will and do not have to let poor government, wars, economic and social injustice blur our well-being.  We can still be free and responsible for our health, our income and our wealth.  The majority of people blame on government and big business for economic failure.  They want them to fix the problems, step back from the change and rebuild from what they perceive as ruin.

The few who succeed see change as a gift instead.   No change is a guarantee that nothing gets better.  Evolution brings destructive innovation but such change is not ruin. It is opportunity.

The change in the purchasing power of the US dollar is one of the greatest risks we have to our independence, safety, health, and wealth, but is also a chance for huge profit as i explain below.   Though the greenback has been strong for a number of years, its strength is in serious jeopardy.  The growing federal deficits increase the national debt and this with rising interest rates propels a growing debt service.

When the Dow Jones Industrial Average recently passed 20,000, another milestone of “20” took place that has a much darker meaning to your and my spending power.  The U.S. national debt passed the $20 trillion mark.

The problem is that the Dow will come back down.  National debt will not fall.

In the past decade US debt nearly doubled and the Congressional Budget Office estimates that the rate of  debt will continue to rise for at least ten more years.  That debt is all the debt issued by the US  Department of the Treasury since 1790.  In other words in the ten years from 2006 to 2016 the US government added as much debt as it had accumulated in the previous 216 years!

That number does not include state and local debt.  That number doesn’t include so-called “agency debt ( debt issued by federal agencies and government-sponsored enterprises) which is “guesstimated” to be another $8.6 trillion or so.  That  dreadful number does not include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.

Do you feel burdened by personal debt?  Well, add the Federal National Debt because per person it is over $60,000.  If one adds in all the other debt each and every American owes over $100,000!   For each family of four, our friendly Congress has added an extra $400,000 debt.

How can America pay this back?

The answer is they cannot.  However there is good news.  Payback actually does not matter.  No one expects the US or any country to ever pay back all its debt.  Isn’t that nice? We all owe $100,000 but don’t have to pay it back?  Right?

Here is the bad news.  Everyone does expect every country to pay its national debt service.   This is why we know there will be a downward dollar spiral.  You see when debt service gets too high, governments always let the purchasing power of the currency fall.  It’s a dirty trick.  Someone owes you a bunch of dollars every month and they pay it.  The problem is those dollars buy less clothing, less food, less housing and energy and less everything.

Wait a minute isn’t that good for us?  If we each owe a $100,000 but get to pay it back in devalued dollars, don’t we reduce our debt?   Yes, but those are the same dollars we are paid with.  Those are the same dollars that pay for our food, our clothing and our shelter. Those are the same dollars in our savings account so the reduced purchasing power lowers our standards of living too!

Go to the store.  Buy some bread or, heaven forbid, some fresh vegetables like peppers or fruit.   Look at the cost of your prescription or hospital bills.   Do something simple like have your car serviced at an auto dealer.  Look at the dollars you spend and you’ll see what I mean.

A huge dollar conundrum looms from the rising national debt service as well.  During most of the last decade when the national debt was skyrocketing, interest rates were plunging and remained really low.  Now rates are starting to rise as will the US national debt service.  This chart from the Congressional Budget Office (CBO) shows that debt service is expected to more than triple in the next ten years.

dollar charts

Largely due to the Federal Reserve’s aggressive efforts to keep interest rates low, the U.S. government is paying historically low rates on its debt.

The CBO projects, unless the law changes, US national interest costs will more than double over the next 10 years, rising from $270 billion in 2017 to $712 billion in 2026 and totaling $4.8 trillion over the period.  Interest costs are expected to continue climbing beyond the next 10 years and are projected to be the third largest category in the federal budget by 2028 (after just Social Security and Medicare), the second largest category in 2046, and the single largest category in 2050.

These interest costs add up to trillions of dollars that won’t be spent on roads, on the military, on health care or the environment or schools.  That rising debt service creates a vicious cycle that can only lead to a devaluation of the US dollar so the debt can be paid, but in phony terms.

The loss of the dollar’s purchasing power erodes our independence, our freedom and our savings and wealth as well. 

At the same time, low interest rates by big banks and higher health care costs soak up the ever diminishing income and savings we have left.  According to a Gallup poll, the most unpopular three institutions in America are big corporations & Wall Street banks, HMOs and Congress.  Yet there is little we can do because these institutions are in control.

Over the last 50 years the average income for 90 percent of the American population fell.  Our health system is restricted by a Kafka-esque maze of legislation and insurance regulations that delay, frustrate, and thwart attempts by patients and doctors from proper medical care.  Big banks and corporations restrict our freedom of choice.  The business customer relationships are no longer transactions between free equals.

Banks can trap us in indebtedness at every age from student loans to mortgages to health care costs.  They pay almost nothing on our savings.  They hide unexpected fees and payments in complex and unreadable documents.  Banks and big corporations routinely conceal vital information in small print and then cheat.  Weak regulations and lax enforcement leave consumers with few ways to fight back.  Many of these businesses ranging from cable TV to phone and internet service to health insurance have virtual monopolies that along with deceptive marketing destroys any form of free market.

These same companies control the credit-scoring agencies so if  we don’t pay unfair fees, our credit scores will plunge and we could lose the ability to borrow money, rent an apartment, even to get a job.  Many consumers are forced to accept “arbitration clauses” in lieu of  legal rights.  The alternative is to lose banking, power, and communication services.

Big business has also usurped our privacy.  Internet companies sell our personal data.  Personal information is pulled from WiFi and iPhones track and store our movements.  The government can access this information, sometimes without subpoenas.  There’s a lot that we don’t know, often withheld under the guise of “National Security.”

The glow on Western democratic capitalism has dimmed… or so it seems.  The US, leading the way, is still a superpower with economic, innovation and military might, but the institutions that should serve the people have become flawed or broken.

America’s infrastructure is in shambles.  The nation’s bridges are crumbling, many water systems are filled with toxins, yet instead of spending more to fix this, we build more prisons.  The 2.2 million people currently in  jail is a 500 percent increase over the past thirty years.  60% of the inmates belong to ethnic groups.  Not just non-white ethnic groups are suffering.  Annual death rates are falling for every group except for middle-aged white Americans.  Death rates are rising among this group driven by an epidemic of suicides and afflictions stemming from substance abuse, alcoholic liver disease and overdoses of heroin and prescription opioids.

America’s middle class is shrinking.  Nearly  half of America’s income goes to upper-income households now.  In 1970 only 29 percent went to this group.  How can we regain our freedom, our happiness and our well being in such a world?  What can we do?

The answer to a better, freer life is to combine better health, higher income and greater savings for a happier, more resilient lifestyle. 

Merri and I are in our 48th year of living, working, investing and researching to find and share ideas on how to have simpler, low stress, healthier, more affluent lifestyles.  Our courses, reports and email messages look at ways to gain:

#1:  Low cost natural health.

#2:  Global micro business income.

#3:  Safer, more profitable, easy to make value investments.

Many readers use our services for just one of these three benefits.  They focus only on health or on earning more or on investing better.

27 years ago Merri and I created the International Club as a way for readers to join us and be immersed in all three of these benefits.   The International Club is a year long learning program aimed at helping members earn worry free income, have better affordable good health and gain extra safety and profits with value investments.

The three disciplines, health, earning and investing, work best when coordinated together.  Regretfully the attacks on our freedom are realities of life.  There is little we can do to change this big picture.  However we can change how we care for our health, how we earn and how we save so that we are among the few who live better despite the dollar’s fall.

We start with better lower cost health care.

Club membership begins by sharing ways to be free of the “Secret Hospital Charge Master”.   Just as governments hide truth behind “National Security”, big health care businesses hide medical truths behind “Charge masters”.  Most hospital charge masters are secret because big business does not want us to know how much hospital costs have risen.  Motivations beyond our good health, like corporate greed, want to keep us in the dark about health care cost.

Despite rising health care costs, a report from the Centers for Disease Control & Prevention shows that hospitals are the last place we want to be for good health.  One report shows that hospital-acquired infections alone kills 57% more Americans every year than all car accidents and falls put together.

Often, what patients catch in the hospital can be worse than what sent them there.  Governments and health care agencies agree  – antibiotic resistance is a “nightmare.”  An antibiotic-resistant bacteria may be spreading in more hospitals than patients know.  About one in every 25 hospitalized patients gets an infection and a 2013 report from the Journal of Patient Safety showed that medical errors are the third-leading cause of death in the country.

Along with the risk of hospital acquired illness and medical errors, the second huge threat to our well being… is health care costs, especially at hospitals.  This is why charge masters are so often secret.  There are few risks to our wealth that are greater than a hospital stay.

I have created three shamanic health reports are about:

#1: Nutrition

#2: Purification

#3: Exercise

Each report is available for $19.95.  However club members receive these three reports worth $59.85 free.

Club members also receive seven workshops and courses on how earn everywhere with at home micro businesses.  We call this our “Live Well and Free Anywhere Program”.   The program contains a series of courses and reports that show ways to earn and be free. These courses and reports are:

  • “International Business Made EZ”
  • “Self Fulfilled – How to Write to Sell”
  • Video Workshop by our webmaster David Cross,
  • The entire weekend “Writer’s Camp” in MP3
  • The report “How to Raise Money Abroad”
  • Report and MP3 Workshop “How to Gain Added Success With Relaxed Concentration”
  • The course “Event-Full – How to Earn Conducting Seminars and Tours”

This program is offered at $299, but is available to club members free. They save $299 more.

Next, club members participate in an intensive program called the Purposeful investing Course (Pi).  The purpose of Pi is finding value investments that increase safety and profit.  Learn Slow, Worry Free, Good Value Investing.

Stress, worry and fear are three of an investor’s worst enemies.  These destroyers of wealth can create a Behavior Gap, that causes investors to underperform in any market good or bad.  The behavior gap is created by natural human responses to fear.  Pi helps create profitable strategies that avoid losses from this gap.

Lessons from Pi are based on the creation and management of a Primary Pi Model Portfolio, called the Pifolio.  There are no secrets about this portfolio except that it ignores the stories from economic news (often created by someone with vested interests) and is based mainly on good math that reveals the truth through financial news.

The Pifolio is a theoretical portfolio of MSCI Country Benchmark Index ETFs that cover all the good value markets using my 50 years of global experience and my study of the analysis of four mathematical investing geniuses (and friends).

There are seven layers of tactics in the Pi strategy.

Pi Tactic #1: Determine purpose and good value.

Pi Tactic #2: Diversify 70% to 80% of portfolio equally in good value developed markets.

Pi Tactic #3: Invest 20% to 30% equally in good value emerging markets.

Pi Tactic  #4:  Use trending algorithms to buy sell or hold these markets.

Pi Tactic  #5:  Add spice speculating with ideal conditions.

Pi Tactic  #6: Add spice speculating with leverage.

Pi Tactic  #7:  Add spice speculating with forex potential.

The Pifolio analysis begins with a continual research of international major stock markets that compares their value based on:

#1:  Current book to price

#2:  Cash flow to price

#3:  Earnings to price

#4:  Average dividend yield

#5:  Return on equity

#6:  Cash flow return

#7:  Market history

We combine the research of several brilliant mathematicians and money managers with my years of investing experience.

This is a complete and continual study of what to do about the movement of international major and emerging stock markets.  I want to share this study throughout the next year with you.

This analysis forms the basis of a Good Value Stock Market Strategy.  The analysis is rational, mathematical and does not worry about short term ups and downs.  This strategy is easy for anyone to follow and use.  Pi reveals the best value markets and provides contacts to managers and analysts and Country Index ETFs so almost anyone can create and follow their own strategy.

The costs are low and this type of ETF is one of the hardest for institutions to cheat.  Expense ratios for most ETFs are lower than those of the average mutual fund.  Little knowledge, time, management or guesswork are required.  The investment is simply a diversified portfolio of good value indices.  Investments in an index are like investments in all the shares of a good value market.

Pi opens insights to numerous long term cycles that most investors miss because they have not been investing long enough to see them.

The Pi subscription is normally $299 per annum but club member receive Pi at no charge and save an additional $299.

Profit from the US dollar’s fall.

In the 1980s, a remarkable set of two economic circumstances helped anyone who spotted them become remarkably rich.  Some of my readers made enough to retire.  Others picked up 50% currency gains.  Then the cycle ended.  Warren Buffett explained the importance of this ending in a 1999 Fortune magazine interview.  He said:  Let me summarize what I’ve been saying about the stock market: I think it’s very hard to come up with a persuasive case that equities will over the next 17 years perform anything like—anything like—they’ve performed in the past 17!

Club members receive a report about opportunity in the  current strength of the US dollar is a second remarkable similarity to 30 years ago.   The dollar rose along with Wall Street.  Profits came quickly over three years.  Then the dollar dropped like a stone, by 51%  in just two years.  A repeat of this pattern is growing and could create up to 50% extra profit if we start using strong dollars to accumulate good value stock market ETFs in other currencies.

This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago.  The trends are so clear that I created a short, but powerful report “Three Currency Patterns for 50% Profits or More.”   This report shows how to earn an extra 50% from currency shifts with even small investments.  I kept the report short and simple, but included links to 153 pages of  Good Value Stock Market research and Asset Allocation Analysis.

The report shows 20 good value investments and a really powerful tactic that shows the most effective and least expensive way to accumulate these bargains in large or even very small amounts (less than $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

This report sells for $29.95 but when you become a club member you receive the report, “Three Currency Patterns For 50% Profits or More” FREE.

Plus get the $39.99 report, “The Silver Dip 2017” free.

With investors watching global stock markets bounce up and down, many missed two really important profit generating events.  The price of silver dipped below $14 an ounce as did shares of the iShares Silver ETF (SLV).   The second event is that the silver gold ratio hit 80 and has remained near this level, compared to a range of the 230s only two years ago.

These two events are a strong sign to invest in precious metals.

I prepared a special report “Silver Dip 2015” and updated this in 2017.   The report explains the exact conditions you need to make leveraged silver & gold speculations that can increase the returns in a safe portfolio by as much as eight times.  The purpose of the report is to share long term lessons about speculating in precious metals gained through 30 years of speculating and investing in gold and silver.

The low price of silver offers special value now so I want to send you this report because the “Silver Dip 2017” offers enormous profit potential in 2017.

The report “Silver Dip 2017” sells for $39.95 but club members receive it free as well.

The $39.95 new “Live Anywhere – Earn Everywhere Report” is also free.

There is an incredible new economy that’s opening for those who know what to do.  There are great new opportunities and many of them offer enormous income potential but also work well in disaster scenarios.

There are are specific places where you can reduce your living expenses and easily increase your income.  Scientific research has shown that being in such places actually make you smarter and healthier.  Top this off with the fact that they provide tax benefits as well and you have to ask, “Where are these places?”.

Learn about these specific places.  More important learn what makes them special.  Discover seven freedom producing steps that you can use to find other similar places of opportunity.

The report includes a tax and career plan broken into four age groups, before you finish school, from age 25 to 50 – age 50-to 65 and what to do when you reach the age where tradition wants you to re-tire.  (Another clue-you do not need to retire and probably should not!)

The report is very specific because it describes what Merri and I, our children and even my sister and thousands of our readers have done and are doing, right now.

Live Anywhere – Earn Everywhere focuses on a system that takes advantage of living in Smalltown USA, but earning locally and globally.

This report is available online for $39.99 but International Club members receive it free.

Save $418.78… “plus more” when you become a club member.

Join the International Club and receive:

#1: The $299 Personal investing Course (Pi).   Free.

#2: The $299 “Live Well and Free Anywhere Program”. Free.

#3: The $29.95 report “Three Currency Patterns For 50% Profits or More”. Free.

#4: The $39.99 report “Silver Dip 2017”. Free

#5: The three $19.99 reports “Shamanic Natural Health”.  All three free.

#6: The $39.99 “Live Anywhere – Earn Everywhere” report. Free.

#7: Plus more.

These reports, courses and programs would cost 767.78 so membership saves $418.78, “plus more”.

What’s the “plus more”?

Join the International Club for $349 and receive all the above online now, plus any online reports, online course updates or online programs we create throughout 2017 all at no additional fee. The club membership entitled you to everything.

The International Club membership is $499, but we want to encourage our first 100 members to join quickly so we are accepting discounted membership in three tranches.  This is the last offer of the first tranche at $349 and expires Monday March 26th 2017 . 

The next tranche will be offered at $399 before it rises to $449 and then the full fee.

Join the International Club for $349 and receive all the above online now, plus all reports, course updates and Pi lessons throughout 2017 at no additional fee.

Click here to become a member at the discounted rate of $349

Gary 

 


 


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