A Better Multi Currency Service for a Better Retirement


This is our 45th year of recommending multi currency portfolios for a better retirement. During these four and a half decades we have always  recommended “do not trust any one currency or banking system”.

Now it is easier to protect your retirement savings and make them grow. There is a new way to have a protected retirement through the bank safety of Canada and Denmark.

So many countries are plagued with excess and hidden debt that no one currency can be trusted.  The continued loss of the US dollar’s purchasing power can diminish better retirement opportunities.

Photo from shtfplan.com titled  “What the Romans took nearly three centuries to accomplish, our Federal Reserve has done in less than one hundred years.”

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Since the release of my first book “Passport to International Profit” written in the 1970s, I have preached and practiced being beyond any one currency system by being a One Man Multinational.

The core message in “Passport to International Profit” is to integrate your lifestyle with your investing and business, plus take advantage of what numerous countries have to offer financially.   The first basics steps in this process are:

#1: Live in one country you love.

#2: Bank in a second country that is safe and that you really enjoy.

#3: Invest in more than one strong currency.

Merri and I believe that being global is vital from an investing and business point of view and enlivening for one’s lifestyle.  With modern travel and communications technology, why not?

For the past 25 or so years the core of our multi program has been via an account at Jyske Bank… Denmark’s second largest bank.  Since 2008, our account and those of other Americans using Jyske have been managed by Jyske’s subsidiary Jyske Global Asset Management (JGAM).

Today, in what  I consider a very positive evolution JGAM announced the transfer of that management role to ENR Management in Montreal, Canada as of September 13, 2013.

Here is why I am delighted to see this new service.

First, before I explain why Americans gain seven benefits from this change, let me hasten to say that all managed assets will remain at Jyske Bank in Denmark… as the custodian.

Yet the transfer of the management role to Montreal brings these seven positive benefits.

Benefit #1:  Assets are now managed and regulated not only through the Securities Exchange Commission, but through two of the world’s safest banking communities in the world, Canada and Denmark.

Here are the Top Seven Safest countries to bank in based on the World Economic Forum’s Global ranking index.

World’s Soundest Bank System Rating:

1.    Canada
2.    Sweden
3.    Luxembourg
4.    Australia
5.    Denmark
6.     Netherlands
7.     Belgium

Benefit #2: Advisory clients will be able to have more control and input in their accounts and choose a larger variety of investments.

JGAM as a Danish company had to follow US and Danish securities regulations which inhibited the ability of JGAM to allow clients to select individual shares.  This rule will not inhibit as many investors when assets are managed from Canada.

Benefit #3: Minimum balances will be lower. I understand that the new minimum will be $100,000 compared to the previous minimum of $200,000.

Benefit #4: Fees on smaller accounts will be lower.  JGAM’s fee on smaller accounts was 2%. ENR will charge 1.5%

Benefit #5: The managers will be physically closer.   No matter where one lives in the USA,  Montreal is closer than Copenhagen.  Those of us on the U.S. East coast will get to visit our investment mangers without jet lag.

Benefit #6: Montreal is my favorite North American city. Though Copenhagen is one of my favorite European cities,  Montreal is also great… North American efficiency with European style.

Screen shot 2013-06-06 at 3.55.21 PM

Montreal skyline.

Benefit #7:  Great people to deal with.  Thomas Fischer will join ENR so we get to continue working with him. We get the added benefit of Eric Roseman.  I have known Eric, the head of ENR, even longer than we have worked with Jyske.   Eric is the perfect example of a student who raced ahead of his teacher.   Eric gained some of his first inspirations to be a multi currency investment manager as one of my readers in the 1980s.   He wrote to me: “You are like my Jedi Master and I’m the apprentice. Learned so much about investing from you when I first got started.

His investment management skills as an investment manager have evolved far beyond mine so I will be very pleased to have him help manage my multi currency retirement account with ENR.

Thomas Fischer will be on the ENR investment committee and available to talk with clients.

For more information contact Thomas Fischer at fischer@jgam.com

See ENR Management’s website at www.enrassetmanagement.com

Non US clients will continue dealing direct to Copenhagen with Jyske Bank Private Bank as always. Non US investors contact Henrik Bøllingtoft Henrik.boellingtoft@jbpb.dk

Wherever you live do not trust any one bank, any one country, any one currency.  A financially sound retirement depends on banking in safe countries and holding strong currencies.

Gary

Multi Currency Value Investment Seminar

Turn $250 into $51,888… in Four Years or Less.

One (of eleven) sessions at our October 17-18, 2015 Value Investment Seminar is about silver and gold and how conditions that created fortunes in 1986 are much the same now.

Turn $250 into $51,888… in Four Years or Less.   If someone offers you this, I would normally say “Run from them as fast as you can!”

Yet in 1986.  This is exactly what I wrote in a report that told how to borrow to buy silver.

I have to admit.  I was wrong.  Readers who followed the report made more than that amount in less than four years.

Here is a photo of that ad in 1986.

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Conditions for silver’s recovery are similar to 1986 now.

The offer in 1986 was for a report called the Silver Dip that showed how to borrow 12,000 British pounds (US$18,600) and use the loan to buy 3835 ounces of silver at around US$4.85 an ounce.

This chart from Kitco (1) tells the story.

Kitco Silver Chart

Silver had crashed in 1986, I mean really crashed, from $48 per ounce.   As prices decreased from early 1983 into 1986, total supply had fallen to  449.7 million ounces in 1986.  Mine production was restricted by the low prices at this time, with silver reaching a low for this period of $4.85 in May 1986. Secondary recovery also was constricted by these low prices.

Then silver’s price skyrocketed to over $11 an ounce within a year. The $12,000 was now worth $42,185.

The loan was in pounds and in May 1986 the dollar pound rate was 1.55 dollars per pound.  So the 12,000 pound loan purchased $18,600 of silver.  The pound then crashed to  1.40 dollars per silver.  The loan could be paid off  for  $13,285 immediately creating a $5,314 profit.  So the profit grew to $47,499 in just a year.

British 12,000 pounds gets US$22,800.  Then the pound crashed again to $1.50 and could be paid off at $15,700 for another $7,660 profit or a total profit of $55,099 in only three years.  Of course there was interest on the 12,000 pound loan, but this was less than 10% or $3,600 for the three years.  In other words, there was $51,599 profit in three years.  That’s remarkably close to the promise.

Yet there is a really big question.  Would we have made this profit, had we taken the loan and invested in the silver?

There was plenty of potential  for loss as well as profit.  After rising from $4.85 to $11 per ounce, the silver price crashed again, clear back to below $5.00 an ounce and the investment was again worth about $12,000.  The British pound fluctuated dramatically against the US dollar so there was plenty of room for loss as well as profit in the currency shifts.

gold chart

Silver & gold charts from stockcharts.com

This historical chart of silver shows why conditions may be set for a spike in the price of silver.   Note in the chart above that the huge profit in 1986 came from the second spike in a head and shoulders pattern.   The bubble peaked in the late 1970s, but traders and commodity conditions sucked speculators back in for what is called a “Dead Cat Bounce”.  This type of price recovery comes for no reason other than the price has fallen so much.

The dead cat bounce created huge and quick profits in 1986.  We have the same scenario for silver prices now.

silver price 5 years

The price of silver reached a speculation driven historic high (over $50 an ounce) about four years ago and has since plummeted to prices that are almost back to 1987 levels.

If history repeats itself, expect silver prices to rise sharply in the next one to three years.  Then there is a great risk that the price will crash again.  Investors can again expect to double, triple, even quadruple their speculation in as little as a year.

But then investors must take that profit!  The profits in silver will be quick and history suggests that these profits will not last long.

This is why the “Silver Dip 2015” will be one of the seven portfolios, the most speculative, we will study at our October 17-18 Investment Seminar in Jefferson, North Carolina..

This is also why I am releasing a new “Silver Dip 2015” report.

This report is exclusively available to subscribers of our Purposeful Investment Course and our Value Investing Seminar delegates.

This silver speculation is so time sensitive with such fast profit (but also loss) potential that I will not offer it to readers who have not received the education in Pi or at the seminar.  We will cover when and who should and should not speculate and how to limit losses and take profits.

silver chart

The same conditions are in place for gold and the Silver Dip looks at both speculations in silver and gold.

There is also another, much safer, once every 30 year opportunity that I have described in 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 good value investments.  The mathematics behind the idea of this investment strategy are currently extraordinary.  Currency diversification has always been important for safety, but right now a multi- currency opportunity is brewing and has more profit potential than we have seen in over three decades.

Our Investing Seminars started 32 years ago when one of the best set of three currency and equity conditions ever existed.  Over these decades, our semi annual seminars have updated what’s going on in global investment markets and what to do.  Yet in all those years, few times have conditions offered as much long term opportunity as in 1982.   The Dow alone rose from 1,000 to 14,000 in that period.

Then the cycle ended.  Warren Buffet 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!

Now three of the great economic conditions have returned.

Conditions have come together just as we saw at our first seminars in the 1980s.  The US dollar, the US stock market and the price of oil are acting almost exactly as they did in the early 1980s.  Knowing these conditions and why they have merged and what to do about them can help you create a fortune.

Learn how to gain this potential (we’ll review three ways to accomplish this at the seminar) in the Keppler Good Value Country Strategy with ETFs (Country Index Exchange Traded Funds).  For example there are currently ten good value developed markets, Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom.  You can easily create a diversified portfolio in each or all of these ten countries with Country Index ETFs.

We review Country Index ETFs at the seminar and look at specific portfolios you can create to tap into these three economic conditions.

Seven Portfolios

We’ll review seven portfolios at the seminar, starting with a Primary Portfolio which consists of equal amounts of country ETFs in each of Keppler’s good value ranked markets, with a weighting of 70% in developed markets and 30% in emerging markets.  This is, an easy to start, very slow trading, safe and secure, worry and stress free portfolio that still has excellent profit potential.

The second and third and fourth portfolios are the Primary Portfolio with trailing stops.  One portfolio uses a 25% trailing stop,  one 20% trailing stop and one uses the smart stop system created by Dr. Richard Smith.  This system  uses algorithms that provide alerts when to sell and when to reenter shares.

The fifth is a derivative of the Primary Portfolio that replaces ETFs with and or includes income producing equities.

The sixth is a Disaster Portfolio to protect wealth if events around the world become really unglued.  The seventh portfolio is the higher risk, leveraged portfolio that includes some speculation in currencies and commodities.

The goal of this study is not to recommend any one portfolio or approach but to help subscribers to understand the characteristics of each so they can better determine how to invest themselves based on their financial means, needs, experience and skills.

Gain the importance of experience & mathematics.  Invest better than a hedge fund manager.

As a run up to my 50th year of speaking and writing about savings and investments around the world I decided to ask my friends who are mathematical and legal geniuses to share a weekend with us to cut through the fog of rapid change and learn how to beat the systems that can seem so bewildering.

Gary Scott

1966

gary scott

2015

Hedge Funds were the fashionable place to invest in the 1990s, but since then their performance has been falling.

However some hedge fund managers succeeded for one simple reason.  A Telegraph article “How can we avoid the next financial crisis?  Urgently listen to those who foresaw this one” explains why  a few managers succeeded, when it said:  It’s no coincidence that the biggest winners of the downturn – John Paulson, Paolo Pellegrini and Jeffrey Greene – were approaching 50 years of age. They retained vivid memories of past real-estate problems.  Youth was a detriment to pulling off the greatest trade ever and to preparing for the downturn.  

The successful hedge fund investors succeeded where most failed because of their experience.

I’ll provide the 50 years of experience at the seminar.  I have been through the rise of gold to over 800 an ounce (in the 1970s) and silver to $48.  I experienced the stock market’s bear that began in 1968, the Black Monday crash in 1987 when the Dow had its biggest one day drop ever and the dotcom bubble as well as the collapse in 2008.  I worked my way though the first dollar devaluation in 1971, the Plaza Accord arranged dollar collapse and two major downturns in the Japanese yen, plus invested through the 1970s, 1980s and late 2000 recessions.

We’ll share how these experiences which prepares us for our investments now.

Michael Keppler provides the Math.

The idea of using math to find good value equity investments led me to ask mathematical analyst, Michael Keppler, to join us in the Blue Ridge for the seminar.

Fwd: keppler

Michael is a brilliant mathematician.  We have tracked his analysis for over 20 years.   He continually researches international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  He compares each stock market’s history.  From this, he develops his Good Value Stock Market Strategy.  His analysis is rational, mathematical and does not cause worry about short term ups and downs.

Red Lining Your Investments

According to Keppler’s analyses, an equally-weighted combination of good value markets offers the highest expectation of long-term risk-adjusted performance.  His mathematical predictions have been eerily accurate as the red line below shows.

Each quarter Michael shares with me (and other professional investors) his “Total Return Predictions”.

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Click on chart to enlarge.

This chart shows the entire real-time forecasting history of Keppler for the KAM Equally-Weighted World Index, he started in 1993.  Keppler continually shows what his mathematical formulas predict for markets four years ahead.  These numbers are based on mathematical relationships between price and value over the previous 15 years moving forward in monthly increments.  In this way Keppler uses numbers to continually adjust to the ever-changing market norm.

Keppler’s chart includes two remarkable episodes.  The first in the period when global equity markets peaked and crashed over a five-year period from 1997  to 2001.  Keppler’s Equally-Weighted World Index predictions stayed above the upper forecast band and accurately predicted the recovery and how much global markets would rise.

The second remarkable period started in October 2008, when again Keppler’s forecasts accurately showed where markets would reach as they fell below the lower forecast band.

Imagine the extra profit professional investors have today when they invested in these depressed good value markets before they again rose.

Keppler’s projections now indicate that global markets are expected to rise from between 2.1%  and 13.0 % in the next three to five years.

Learn about Keppler’s projections and about Asset Allocation from Michael Keppler in person at our Value Investing Seminar October 17 & 18 in Jefferson, North Carolina.  

jefferson Landing

Our October seminar will be at the Jefferson Landing Country Club.

Enjoy the autumn leaf change and learn how to survive and prosper with value investments.

garyascott- leaf - change

Jefferson leaf change view.

Learn amazing tax benefits as well.  I have invited my tax preparer, Conrad Oertwig, to join us.  

Seven of tax secrets that Conrad will share include:

* How Dutch-treat entertainment allows you to deduct your own meals.

* How to entertain for business and help the charity of your choice because a charity sporting event produces double the deduction of a business meal.

* How one magic word can allow you to deduct your daily transportation costs between your home and another work location.

* How to earn an extra $11,425  by using antiques as office equipment.

* How to gain $12,976 by using two vehicles for business.

* How to reduce tax by having a second office in the home.

* How to travel by cruise ship and deduct up to $680 a day.

Plucking common sense from the tax law is time consuming and difficult work.  For more than 25 years, Conrad has gained great satisfaction by helping his clients extract tax dollars from the tax law.   He has over 400 tax savings tips and will share some of  the most important lessons at the seminar.

To help you get an early start on tax savings, I will send you Conrad’s report “7 Secrets to Paying Less Tax… for the One-Owner Business” when you enroll in the seminar.  I’ll also send you “The Silver Dip 2015” as soon as it is released.

Join Michael Keppler, Conrad Oertwig, Merri, and me, plus video presentations by Leslie Share, Eric Roseman, Thomas Fischer and Richard Smith.   The “Value Investing Seminar” looks at how to protect purchasing power and pensions with value investing.  The course teaches how to add safety and create profits by spotting multi currency and global equity cycles through good value mathematics.

Get “7 Secrets to Paying Less Tax & The Silver Dip 2015”.  Join us Saturday, Sunday, October 17-18, 2015, Jefferson, North Carolina.  Enroll here $499. Couple $799.

Hear from other speakers via video.  The seminar will include online presentations including:

One way to protect our wealth and freedom is to have a good attorney who understands how to use appropriate planning so you can also be protected rather than hurt by the tax laws.

Leslie Share:  How to use and benefit from US tax law living overseas and for wealth preservation.

les-share

Leslie has been our friend and adviser of more than 30 years, and I have asked him to speak to the seminar online at the October Value Investing seminar.  Leslie is an attorney in Coral Gables, Florida who specializes in general, corporate and international taxation, estate and gift tax planning, internal revenue service matters at the agent and appeals level plus most important, he specializes in wealth preservation.

He has the highest possible Peer Review Rating by Martindale-Hubbell, Florida Super Lawyers and The Best Lawyers in America.

Leslie is the type of attorney who can help gain asset and wealth protection if you live in the US or abroad.

The best way for boomers to protect their wealth is with good value income producing shares.  Not everyone can wait for their assets to grow.  Many need investments that create income now.

Eric Roseman: How to select good value income producing shares.

erci roseman

Eric Roseman

I have worked with Eric for decades and use his ability to select good value income producing shares.  Understanding the intrinsic value of any equity is an elusive concept, but one of the best ways to assess value is by looking at the income it generates.  Eric is a master at sniffing out the shares that provide a good income now as well as potential appreciation later.  Learn from his strategic ideas for current market conditions.

Thomas Fischer:  The impact of  multi currency leverage leverage on portfolios.

thomas-fischer

Thomas Fischer has been a friend and investment adviser for nearly two decades.  As a former currency trader in Germany and London, he has a keen sense of currency fundamentals and how and when to use leverage.

Richard Smith: How to overcome the behavior gap with Trailing Stops.

dr richard smith

Dr. Richard Smith, founder and CEO of TradeStops.  Richard earned a PhD in Math and Systems Science, and even he had to learn the hard way that it takes more than intelligence to win in the game of investing.  He has spent the last 10 years researching and developing algorithms and services that give individual investors the tools they need to remain in their personal investing comfort zone, and to succeed!  With his background in mathematical theories of uncertainty combined with his own investing and trading experience, Dr. Smith understands risk management and how to use it as a self-directed investor to master the market.

Finally at the seminar I’ll review the 50 Golden Rules of Investing.  Learn how to protect against shady investment advice, unreasonable and hidden fees.  Learn how to protect yourself from your own emotions.  Learn when it is best to buy shares and determine which type of share is best for you.  Find out how to avoid the loss fear syndrome and stop getting caught by great sounding stories that can rob your wealth.

Share my 50 years of experience. Gain advice that is sterling as we head towards my golden anniversary of writing about saving, finance and investing.  Our value investing seminars are filled with valuable information but we have fun and take time to relax and socialize as well.

We look forward to joining us this October.

Gary

Saturday, Sunday, October 17-18, 2015, Jefferson, North Carolina.

Join Michael Keppler, Conrad Oertwig, Merri and me.  Enroll here $499. Couple $799.

 

 

 

 

 


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