Of Resilience & Icebergs


Change brings unexpected consequences that disrupt our lives every day.  Some disruption seems bad, some seems good.  Most change is just the tip of the iceberg.  We rarely can see the big picture because often bad leads us to something really good if we are resilient.

Being resilient can help us survive and prosper from the base of the iceberg.

iceburg

Image from imgarcade.com (1)

Take for example, the Wall Street Journal article, “Wall Street’s endangered species. the ivy league jock“. (2)

This article outlines how a decade ago, a preponderance of new hires for bond trading by banks and brokers had all played college sports.  The aggressive nature of bond trading favored those who had succeeded in competitive fields.

This is no longer true because of technological change.  Just as track hoes and back hoes replaced pick and shovel, the computer is taking over from the physical combative spirit.  The number of jobs in this industry is crashing, and the new hires are those who excelled in math and computer sciences, not athletics.

The article says: “When Airbnb can handle two million unique properties at once, and Uber can manage more than a million drivers around the world in real time, are we really saying that a few hundred thousand bond issues can’t be traded by computer?”

If you are a university student, working through school on a sports scholarship, this may seem like bad news.

Certainly there are potential benefits in lowered fees, if you are a bond investor.  Trading fees should be reduced.  A couple of computer geeks can manage the same trading volume that used to require many jocks.

There may be unintended consequences.  Let’s look ahead and imagine.  Right now college coaches are paid a lot more than college professors.  In 2016, Jim Harbaugh, the football coach at Michigan was paid $9.004 million. Nick Saban, at Alabama earned $6.94 million. The top ten university coaches all earned over $4.5 million in 2016.

Even the highest paid US professor earned less than the tenth football coach.  There were only five collage professors who had a seven figure salary. David N. Silvers at Columbia University earned $4.33 million and Zev Rosenwaks at Cornell earned $3.3 million.  After that, the number three, four and five respectively earned a miserly (by athlete standards) $2.6 million, $1.19 million $1.03 million.

How can this be, that coaches make so much more than professors?   The reason is that over the last twenty-five years, college football has turned into a billion dollar industry.  Television contracts have grown dramatically.  Bowl game proceeds have increased as well.  Attendance is massive all over the country.

Is this rampage of spectator activity, in a game that has been shown to dull the mind and harm the body, been sustained, at least in part, because the athletes who perform well have been the top hires at the well paid Wall Street firms?  If so, an unintended consequence in bond trading technology may be a diminished interest in college football.  Perhaps professors of computer science will begin earning more than the well paid college coach.

Would that be good?  Maybe.  Sophistication in computer science is of growing importance.  The hacking of Western democracy by Russia is evidence of that.  The way the NSA weaponized a weakness in Windows programs and then allowed it to be stolen by hackers and used to launch the “WannaCry” virus, history’s largest ransomware attack, is additional evidence of the need for increasingly sophisticated computer sciences.

On the other hand, Physical Education programs all over the US have been weakened.

A Harvard University website article (3) says:  “Almost seven in 10 parents say their child’s school does not provide daily physical education even though experts recommend 150 to 225 minutes per school week”

Can we develop wiser, brighter minds if we do not house them in strong bodies supported by natural energy and good health.

The point is we do not know what consequences the changes in Wall Street hiring will bring.

This is why we need resilience.  When it comes to prospering from change, one fundamental quality, the key to success is “having resilience”.  Resilience is the ability to bounce back from some real or experienced adversity.  When we are resilient, we simply keep trying until our change is positive and complete.  When we are resilient, we never give up, so we can carry on until the consequences of change favor us.

A scientific study entitled “Psychological and social aspects of resilience: a synthesis of risks and resources” (4) at the US National Library of Medicine shows 13 qualities that can help us become resilient.

(Previous messages have looked at six of these qualities.)

The seventh quality for resilience derived from this research is social skills.  Individuals with a positive interpersonal manner who can interact with facility and warmth, who can read their companion’s mood and receptivity, who have empathy for others’ situations, who inspire confidence and trust, and who are engaging and communicative are much more inclined to have help and opportunities proffered to them.

One way to gain better social skills is with repeated inner words.

A  Wall Street Journal article “One Habit to Make You Happier Today” (5) reveals how to use inner words (called mantras) to accomplish more and to create better social skills.

The article says: Research shows that thinking of a word or phrase that affirms our values—and repeating them over and over—produces powerful physiological changes.  It can lower our cortisol levels, enhance endurance and reduce perception of effort during physical exertion.

Perhaps even more compelling, a mantra can quiet the mind.  A 2015 study in the journal “Brain and Behavior” showed that silently repeating a single word led to a widespread reduction in activity across the brain, primarily in the “default mode network,” which is responsible for self-judgment and self-reflection.

Mantras can create and strengthen new neural pathways that are positive and not toxic. And that can make our brain much calmer and happier.

We can think these words to create neural pathways that help us get along with others better.  The words are:

Friendliness.   No matter what situation we are faced with, if we are friendly in our response we will do better than with any other human reaction.  This does not mean we should be friends.  There is a big difference to being a friend and being friendly.  Friendliness does NOT mean we should be obsequient, demur or a coward.

Perhaps Winston Churchill’s quote about the civil nature of his declaration of war to Japan sums up the quality of friendliness in the worst circumstances nicely.  His quote was: ““When you have to kill a man, it costs nothing to be polite.”

Compassion.  Compassion allows us to understand.  We do not have to agree or accept. Understanding will help us deal with the situation, acceptable or not.

Happiness.  When events stun, befuddle or mystify, we need to understand that the event is not out of order.  Our thinking  is the fault.  Everything is in perfect order.  Turbulence is simply evolution beyond our understanding.  We fear change because we cannot see the bigger picture.

That’s okay. That’s how it’s always been.  So whatever happens, be happy.  You do not have to be happy about a change or a shift or some event that appears to be a nightmare.  You do not have to like or accept the unfolding.   You can act to resist or alter the change.

Just don’t let the state of affairs become your inner state.  Be happy regardless of what’s going on and what you are doing about it.  Being sad, anxious or depressed will hamper whatever proceeds.  Being happy will always help us to adapt.

Those are three pretty good mantras.  They may seem simplistic, but they are powerful.

Trigger your mantra.  Practice thinking about what’s happening and then think your mantra.  This will train your brain to call up the word or phrase as a habit.  Simply think of a word or phrase that affirms your values.  The three words above are good ones.  I am sure you can think of many more that will help you have better skills.  Start now. Choose a word or words and dwell on them, in silence, every day.

Gary

(1) imgarcade.com Tip of the iceberg

(2) www.wsj.com: wall streets endangered species the ivy league jock

(3) www.hsph.harvard.edu/news/press-releases/lack-of-physical-education-in-schools-concerns-parents/

(4)  www.ncbi.nlm.nih.gov: Psychological and social aspects of resilience

(5) www.wsj.com: one habit to make you happier today

See how to create more resilience in your investing.

This quote from Warren Buffet to his shareholders shows the importance of resilience when investing.

Always be liquid. “I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”

Will Bureau 121 Bring Wall Street Down?

What spark can ignite the crash of 2017?  It’s been 30 years since the October 19, stock market collapse.

Robert Shiller, who won a Nobel Memorial Prize in Economic Sciences in 2013, wrote this in the New York Times.

A Stock Market Panic Like 1987 Could Happen Again.

On Oct. 19, 1987, the stock market fell more than 20 percent. It would
be comforting to believe a crash couldn’t recur. But we are still at risk.

From this perspective, I believe a rough analogy for that 1987 market collapse can be found in another event — the panic of Aug. 28, 2016, at Los Angeles International Airport, when people believed erroneously that they were in grave danger. False reports of gunfire at the airport — in an era in which shootings in large crowds had already occurred — set some people running for the exits. Once the panic began, others ran, too.

Like the 2016 airport stampede, the 1987 stock market fall was a panic caused by fear and based on rumors, not on real danger. In 1987, a powerful feedback loop from human to human — not computer to computer — set the market spinning.

There is an investment in China.

The company has three times more customers than the entire US population… has leading edge technology and 71 billion dollars in cash.

We’ll see it… and why it’s an extreme good value right now in tomorrow’s message.

The same technology that makes this investment attractive also has the potential to bring the entire US stock market down.

Let’s look at that today.

Though it’s impossible to forecast when the US market will decline again – it’s now been over 18 months since we’ve seen a decline greater than 10% — a correction or worse is inevitable.

The next decline could be the big one.

We must wonder.

Which straw will be the one that bursts Wall Street’s back.

It could be sitting, in a basement, in China.

If you want to go to China to find out, you might end up in Shenyang.  Shenyang is the largest city in Northeast China with a population over six million.  This is an important place… an industrial center and transportation and commercial hub with Japan, Russia and South Korea.

If there, specifically in the Helping District, you might well stop by the Fat Dragon Alehouse.

Fat Dragon

Trip Advisor image of the Fat Dragon Alehouse.

This is the place to visit in Shenyang…if you’re into craft beers.

The bar is cozy, it is said, and the beer good, the burgers delicious.

The Fat Dragon is called a cool hangout spot, a very relaxed combination between craft beer salon, dive bar, and neighborhood bar and grill.

You’ll be connected.

You’ll feel comfortable in Shenyang, perhaps staying the the Hilton, Holiday Inn, Sheraton or one of the two Hyatts or Crowne Plazas.

While sipping your craft ale, you might not know that less than a quarter mile away is a room that could change everything you know…for the worse.

Screen Shot 2017-10-22 at 8.37.40 AM

Trip Advisor image of the Cholbosan Hotel.

Maybe instead of a US chain, you would choose the Cholbosan hotel, 2/10ths of a mile from the Fat Dragon at No.79-81 Shiyiwei Road, in the Helping District.  The rooms are new, spacious and immaculately clean, with tasteful touches of tapestries and pillows.  They have modern free-standing bathtubs that rival any 5-star hotel in Beijing.

After all, you would only be 360 or so miles from Beijing.

There is also an in-house restaurant that can bring delicious seafood to your room… the TangChao YuChi Zhuang Seafood restaurant.

You’ll most likely find the seafood wonderful, the fish fresh, the seasonings perfect.

And the Wifi in your room will be more than adequate.

In fact the Wifi might be spectacular because the TangChao YuChi Zhuang Seafood restaurant’s basement, according to the BBC, is where researchers think a key Bureau 121 outpost can be found.

The Cholbosan hotel is 226 miles Pyongyang and is a North Korean owned hotel.

The US stock market is at such a high level, only the tiniest of straws is required to bring it down… fast… even in minutes.

That crash could be started there at the Cholbosan… by Bureau 121.

The U.S. Office of the National Counterintelligence has stated that “development of the nation, rather than empowerment of the individual, appears to be driving DPRK [Democratic People’s Republic of Korea] efforts to develop domestic IT infrastructure and industry.”

North Korea is a tiny country economically, but estimates are that a third of its total income is dedicated to military expenditure and as much as 20% of that budget is dedicated on IT divisions.

What is Bureau 121?

The head of North Korea’s military IT structure is called Unit 121.

This is an elite group with only two goals… cyber espionage and cyber crime.

The country selects the smartest, brightest minds, and from an early age teaches them cyber warfare.

Bureau 121 soldiers have the most privileged lives in North Korea.  They and their families are rich and honored.  Though they are soldiers, this is the white-collar job that North Koreans fantasize about having.

No one knows for sure how large Bureau 121 is, but South Korea claims that the North Koreans have the world’s third largest cyber unit.

Only the US and Russia have larger military IT units.

South Korea is training 5,000 people in their own cyber army to defend against Unit 121.

Bureau 121 has had success over the past 15 years, beginning simply wiping disks, spreading malware attacks, and setting up DDoS attacks.

In 2013, they knocked out 50,000 computers and servers in many South Korea’s media and financial institutions.  A year later they targeted South Korean hydroelectric plants and nuclear power plants.

This type of attack can create catastrophic losses of power grids and other critical control systems and infrastructures. The nuclear plant in the attack was not stopped but if a nuclear reactor was compromised, the damage could be unimaginably severe and casualties extensive.

Bureau 121 has gone after businesses as well, the best known is its attack on Sony Pictures. Evidence suggests that they breached Sony Pictures’ systems, took large amounts of sensitive documents made threats to the theaters. Sony delayed a film’s release and North Korea had won an important cyber battle.

Bureau 121 could well end the Wall Street party that investors have been enjoying for so long.

Warren Buffet once warned against the Cinderella effect.

He said “Don’t be fooled by that Cinderella feeling you get from great returns.  Nothing sedates rationality like large doses of effortless money.  After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.  They know the party must end but nevertheless hate to miss a single minute of what is one helluva party.  Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Cinderella may have lost a shoe when she fled the party.  We can lose much more when we rush from a crashing stock market.

There is inherent disaster building in rising markets… especially now.

Almost everyone feels good.

The clock of economic reckoning is ticking.

No wants to see it.  Nothing rises forever and especially… not everything at the same time.

Choose investments based on markets instead of shares, diversify in value, rely on financial rather than economic news and keep investing simple, easy and at a low cost.

Diversify in value markets, not shares.  One strategy is to invest in country ETFs that easily provide diversified, risk-controlled investments in countries with stock markets of good value.  These ETFs provide an easy, simple and effective approach to zeroing in on value.  Little management and less guesswork is required.  The expense ratios for most ETFs are lower than those of the average mutual funds.  Plus a single country ETF provides diversification equal to investing in dozens, even hundreds of shares.

A minimum of knowledge, time, management or guesswork are required.

The importance of…

easy…

transparent…

and inexpensive. 

Keeping investing simple is one of the most valuable, but least looked at, ways to avoid disaster.  Simple and easy investing saves time.  How much is your time worth?  Simple investing costs less and avoids fast decisions during stressful times in complex situations where we are most likely to get it wrong.

Fear, regret and greed are an investor’s chief problem.  Human nature causes  investors to sell winners too soon, and hold losers too long.

Easy to use, low cost, mathematically based habits and routines help protect against negative emotions and impulse investing.

Take control of your investing.  Make decisions based on data and discipline, not gut feelings.  The Purposeful investing Course (Pi) teaches math based, low cost ways to diversify in good value markets and in ETFs  that cover these markets.  This course is based on my 50 years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.

Enjoy Repeated Wealth With Pi

Pi’s mission is to make it easy for anyone to have a strategy and tactics that continually maintain safety and turn market turmoil into extra profit.

One secret is to invest with a purpose beyond the immediate returns.  This helps create faith in a strategy that adds stickiness to the plan.

Another tactic is to invest with enough staying power so you’re never caught short.

Never have to sell depressed assets during periods of loss.

Lessons from Pi are based on the creation and management of Model Portfolios, called Pifolios.

The success of Pifolios is based on ignoring economic news (often created by someone with vested interests) and using financial math that reveals deeper economic truths.

One Pifolio covers all the good value developed markets.  Another covers the emerging good value markets.

The Pifolio analysis begins with a continual research of 46 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

This is a complete and continual study of almost all the developed major and emerging stock markets.

This mathematical 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 course examines and regularly reports on the hows and whys of seven professionally managed portfolios so we can learn how managers find and invest in good value.  The Pifolios are:

  • Keppler Good Value Developed and Emerging Market Pifolios
  • State Street Global Advantage Emerging & Developed Market Pifolios
  • Gold & Silver Dip Pifolio
  • ENR Advisory Extra Pifolio
  • Tradestops.com Trailing Stops Pifiolio

tradestops

As you can see in this image (click to enlarge) the top performing Pifolio we are tracking is the State Street Global Advantage Pifolio is up 43.15%.  Here is the breakdown of that current Pifolio.

pifolio

Learn how to invest like a pro from the inside out.

State Street is one of the largest fund managers in the world and their Global Advantage funds invest in good value shares in good value markets.

In the updates we review each portfolio, what has been purchased and sold, why, the ramifications for high risk, medium risk and low risk investors.

As of autumn 2017 my personal Pifolio is based on select ETFs in the Keppler Developed and Emerging markets.  My Pifolio is invested in Country ETFs that cover seven developed and three emerging markets:

Norway
Australia
Hong Kong
Germany
Japan
Singapore
United Kingdom
Taiwan
South Korea
China

Don’t give up profit to gain ease and safety!

This portfolio has outperformed the US market this year as the chart below shows.

My portfolio blue.  S&P… green.

motif

Regardless of economic news, these markets represent good value and have been chosen based on four pillars of valuation.

  • Absolute Valuation
  • Relative Valuation
  • Current versus Historic Valuation
  • Current Relative versus Relative Historic Valuation

When you subscribe to Pi, you immediately receive a 120 page basic training course that teaches the Pi Strategy.   You learn all the Pi strategies, what they are, how to use them and what each can do for you, your lifestyle and investing.

You also begin receiving regular emailed Pifiolio updates and online access to all the Pifolio updates of the last two years.  Each update examines the current activity in a Pifolio, how it is changing, why and how the changes might help your investing or not.

Included in the basic training is an additional 120 page PDF value analysis of 46 stock markets (23 developed markets and 23 emerging stock markets).  This analysis looks at the price to book, price to earnings, average yield and much more.

You also receive two special reports.

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!

I did well then, but always thought, “I should have invested more!”  Now those circumstances have come together and I am investing in them again.

The circumstances that created fortunes 30 years ago were an overvalued US market (compared to global markets) and an overvalued US dollar.  The two conditions are in place again!

30 years ago, the US 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 have 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 in this special offer, you receive the report, “Three Currency Patterns for 50% Profits or More” FREE when you subscribe to Pi.

Plus get the $39.95 report “The Silver Dip 2017” free.

With investors watching global stock markets bounce up and down, many missed two really important profit generating events over the last two years.  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, compared to a ratio of 230 only two years before.

In September 2015, I prepared a special report “Silver Dip 2015” about a silver speculation, leveraged with a British pound loan, that could increase the returns in a safe portfolio by as much as eight times.  The tactics described in that report generated 62.48% profit in just nine months.

I have updated this report and added how to use the Silver Dip Strategy with platinum.   The “Silver Dip 2017” report shares the latest in a series of long term lessons gained through 40 years of speculating and investing in precious metals.  I released the 2015 report, when the gold silver ratio slipped to 80.  The ratio has corrected and that profit has been taken and now a new precious metals dip has emerged.

I have prepared a new special report “Silver Dip 2017” about a leveraged speculation that can increase the returns in a safe portfolio by as much as eight times.

You also learn from the Value Investing Seminar, our premier course, that we have been conducting for over 30 years.  Tens of thousands of delegates have paid up to $999 to attend.  Now you can join the seminar online FREE in this special offer.

This three day course is available in sessions that are 10 to 20 minutes long for easy, convenient learning.   You can listen to each session any time and as often as you desire.

The sooner you hear what I have to say about current markets, the better you’ll be able to cash in on perhaps the best investing opportunity since 1982.

seminars

Tens of thousands have paid up to $999 to attend.

Next year I celebrate my 52nd anniversary in the investing business and 50th year of writing about global investing.  Our reports and seminars have helped readers have better lives, with less stress yet make fortunes during up and down markets for decades.  This information is invaluable to investors large and small because even small amounts can easily be invested in the good value shares we cover in our seminar.

Stock and currency markets are cyclical.  These cycles create extra profit for value investors who invest when everyone else has the markets wrong.  One special seminar session looks at how to spot value from cycles.  Stocks rise from the cycle of war, productivity and demographics.  Cycles create recurring profits.  Economies and stock markets cycle up and down around every 15 to 20 years as shown in this graph.

stock-Charts

The effect of war cycles on the US Stock Market since 1906.

Bull and bear cycles are based on cycles of human interaction, war, technology and productivity.  Economic downturns can create war.

The chart above shows the war – stock market cycle.  Military struggles (like the Civil War, WWI, WWII and the Cold War: WW III) super charge inventiveness that creates new forms of productivity…the steam engine, the internal combustion engine,  production line processes, jet engines, TV, farming techniques, plastics, telephone, computer and lastly during the Cold War, the internet.  The military technology shifts to domestic use.  A boom is created that leads to excess.  Excess leads to correction. Correction creates an economic downturn and again to war.

Details in the online seminar include:

* How to easily buy global currencies, shares and bonds.

* Trading down and the benefits of investing in real estate in Small Town USA.  We will share why this breakout value is special and why we have been recommending good value real estate in this area since 2009.

* What’s up with gold and silver?  One session looks at my current position on gold and silver and asset protection.  We review the state of the precious metal markets and potential problems ahead for US dollars.  Learn how low interest rates eliminate  opportunity costs of diversification in precious metals and foreign currencies.

* How to improve safety and increase profit with leverage and staying power.  The seminar reveals Warren Buffett’s value investing strategy from research published at Yale University’s website.  This research shows that the stocks Buffet chooses are safe (with low beta and low volatility), cheap (value stocks with low price-to-book ratios), and high quality (stocks of companies that are profitable, stable, growing, and with high payout ratios). His big, extra profits come from leverage and staying power.  At times Buffet’s portfolio, as all value portfolios, has fallen, but he has been willing and able to wait long periods for the value to reveal itself and prices to recover.

keppler asset management chart

This chart based on a 45 year portfolio study shows that holding a diversified good value portfolio (based on a  good value strategy) for 13 month’s time, increases the probability of out performance to 70%.  However those who can hold the portfolio for five years gain a 88% probability of beating the bellwether in the market and after ten years the probability increases to 97.5%.

Time is your friend when you use a good value strategy.  The longer you can hold onto a well balanced good value portfolio, the better the odds of outstanding success.

Learn how much leverage to use.  Leverage is like medicine, the key is dose.  The best ratio is normally 1.6 to 1.  We’ll sum up the strategy; how to leverage cheap, safe, quality stocks and for what period of time based on the times and each individual’s circumstances.

Learn to plan in a way so you never run out of money.  The seminar also has a session on the importance of having and sticking to a plan.  See how success is dependent on conviction, wherewithal, and skill to operate with leverage and significant risk.  Learn a three point strategy based on my 50 years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.

The online seminar also reveals  the results of a $80,000 share purchase cost test that found the least expensive way to invest in good value.  The keys to this portfolio are good value, low cost, minimal fuss and bother.  Plus a great savings of time.  Trading is minimal, usually not more than one or two shares are bought or sold in a year.  I wanted to find the very least expensive way to create and hold this portfolio so I performed this test.

I have good news about the cost of the seminar as well.   For almost three decades the seminar fee has been $799 for one or $999 for a couple. Tens of thousands paid this price, but online the seminar is $297.

In this special offer, you can get this online seminar FREE when you subscribe to our Personal investing Course.

Save $468.90 If You Act Now

Subscribe to the first year of The Personal investing Course (Pi).  The annual fee is $299, but to introduce you to this online, course that is based on real time investing, I am knocking $102 off the subscription.  Plus you receive FREE the $29.95 report “Three Currency Patterns for 50% Profits or More”, the $39.95 report “Silver Dip 2017” and our latest $297 online seminar for a total savings of $468.90.

ecuador-seminar

Triple Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report, access to all the updates of the past two years, the two reports and the Value Investing Seminar right away. 

#1:  I guarantee you’ll learn ideas about investing that are unique and can reduce stress as they help you enhance your profits through slow, worry free, easy diversified investing.

If you are not totally happy, simply let me know.

#2:  I guarantee you can cancel your subscription within 60 days and I’ll refund your subscription fee in full, no questions asked.

#3:  You can keep the two reports and Value Investing Seminar as my thanks for trying.

You have nothing to lose except the fear.   You gain the ultimate form of financial security as you reduce risk and increase profit potential.

Subscribe to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, the “Silver Dip 2017” and “Three Currency Patterns For 50% Profits or More” reports, and value investment seminar, plus begin receiving regular Pifolio updates throughout the year.

Subscribe to a Pi annual subscription for $197 and receive all the above.

Gary

 

 

 

 

 

 


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