Test For “What Type of Investor Are You?”


What Type of Investor are You?

There are three types of investors.

The test below will help you determine which you are.

One type of investor makes a great trader.

Others should speculate, but not much…. only in what they believe and never more than they can afford to lose.

Others should not trade equities themselves or any other speculative investments… not at all.

Getting to know your type may be the most important step you can take in creating everlasting wealth.

The quick five minute test in this report can provide a great leap forward for your investing success.

Most investors suffer from the performance gap.  A majority of investors lose or make less money then the average in the stock market.  There is innumerable research behind this fact.

biltmore bel mido

This rule really struck home many years ago when Merri and I were strolling in the dawn near this wonderful old hotel, The Tampa Bay Bel Mido,  known as “The White Queen of The Gulf”.  Built in 1897, it sat high on a bluff and combineed old world charm, from the antique-filled Henry Library to the Tiffany Ballroom with its priceless skylights of stained glass, to its private resort setting.

We were conducting a investing seminar at the Belleview-Biltmore Resor, a historic hotel on amp Bay. The 400,000 square foot structure was the last remaining grand historic hotel of its period in Florida and the only Henry Plant hotel still in operation when it closed in 2009. The building was said to be the largest occupied wood frame structure in the world.

I will never forget this hotel because I learned perhaps one of the most valuable lessons there is about investing.

As I arrived at the hotel to check in, even before I reached the registration desk, one of the delegates, a heart surgeon, approached me and vigorously shook my hand.

“Gary,” he said, “I cannot thank you enough.  I have followed your recommendations about borrowing yen to invest in pesos and shares and have made so much money.  I have been able to buy a house on the beach in my homeland and can now retire.”

I felt a glow as I walked away headed for the check-in counter of the hotel.  (One always feels good having helped a client and friend.)  I was happy that the doctor had made a lot more profit than I did.  I am conservative with my own investments and had only borrowed two to one.  This doctor had borrowed four to one and had held on during the yen rise.

However, the warm feelings did not last. Still before I could check in another delegate, also a medical professional, collared me.

“Gary,” he said, “I am not even sure if I should be here. I followed your advice borrowing the yen to invest in peso and shares and lost every single penny.”

It turned out he had chosen to borrow six to one.  When the yen appreciated and he was faced with putting up substantially more money, he decided to cut his losses.

Three investors (two doctors and myself) with similar backgrounds and exactly the same information.  All had the same investment manager yet they obtained three totally different results!

The lesson was clear… and is… “The most important investment manager is always yourself.”

In the end your other investment manager (or managers) will never make you happy unless you have a belief and purpose that guides and manages them.

In one example, a broker did a one year study during 2007.  This is significant because in 2007 all the US stock markets rose all year… until the last month.  You can see in the chart below how investors were sucked into a slow rise starting in 2004, that sped up in 2007.  Then the disaster began in December of that year.

The returns of that broker’s research was of investments made only in the equity (without derivatives or leverage) markets.

The result was:

Lost more than half of initial capital — 55%
Lost between 20% and 50% of initial capital — 18%
Lost between 0% and 20% of initial capital — 6%
Made a profit between 0% and 20% — 13%
Made a profit between 20% and 50% — 4%
Made a profit of more than 50% on initial capital – 4%

Look at those numbers… 73% lost money, 6% broke even and only 21% made a profit.

Of course one study, by one broker, means little.

The reality is that the percent of investors who lose is worse than most investors think.

Some estimates, find that up to 95% of investors lose money in stock markets.  They make bad investment decisions based on emotional entry and exit decisions.

Only 5% to 10% of people who invest & trade in stocks earn handsome profits from stock markets.  This ratio of loss is due in part because investors don’t know what type of investor they are.

Losers can become winners if they invest in ways suited to their personality.

The global stock market supplies an average long-term return of around 11%.  If that return were randomly distributed, it would be hard for most investors to lose over the long term.  The reason so few win and so many lose is because stock price increases and drops are not randomly distributed.  There are long time-periods in which valuations steadily rise (with small drops mixed in).  During these rising times, valuations fall.  G0od shares become worth less but priced more.

For example share prices in the US stock market rose for 18 years running from 1982 through 2000.   Very few investors suffered long-term losses over those years.  But prices had risen so high by 2000 that valuations were such that stock investments were likely to provide a NEGATIVE 10-year return.

In some markets they did!  The chart below from www.finance.yahoo shows, that after it crashed in 2000, the NASDAQ (light blue) did not reach its 2000 high until 2o14.

dow chart

Most investors invest in stocks when prices are high and stock values are low.  Stocks may appear attractive, because there have not been losses for a long time, but logically, this is when they are least attractive.

The lure of seemingly never ending price increases appeals to humanity’s second worst weakness… GREED.

This is the way that stock market manipulators set up investors to lose. They manipulate humanity’s very worst weakness… FEAR.

The market lets prices slowly rise and rise… and rise.  Then prices drop… suddenly.

What would you do if the Dow dropped 5,000 points tomorrow?

Really?  Be honest with yourself.

I know how I would react because I remember all the  phone calls that came Oct. 19, 1987.

The Dow Jones Industrial Index had crashed more than 20% in one day.

Hundreds of my readers called and all wanted to know, “will this crash get worse?”

The truth?

I did not know.

When it comes to investing…  there is always risk.

We all know that markets will rise and fall, but exactly when is a mystery.  We know that every stock has ups… downs and turning points.  Yet we never know the exact day.  Nor can we say precisely which shares will rise… which will fall… for how long…  at what time.  The price movements of equities are ruled by laws of nature that we can never totally know.

When it comes to investing…  there is always something we do not know.

There are, however, three things we do know about the stock market.

#1:  We can expect 11% to 12% annual return in the stock market as a function of global nominal GDP growth and long term earnings growth plus risk premium.

#2:  Markets move short term based on emotion and are unpredictable.  Markets move long term based on value and are predictable.

#3:  To attain higher growth you must either increase risk or trust luck.

We should not count on extra ordinary returns. We need to be realistic… and most humans are not!

Humans have a bias against risk.

When investments we own drop in price,  feelings that we’ll “get killed” for holding our bets are natural, even if the share becomes a better value.  Instead of buying more, most investors will sell.

Panic washes over our entire bodies.  This emotion creates a performance gap.  This performance gap is very real.  Investors overall earn less than the sector they invest in.  This is true even for professional investors.  The chart below from Morningstar.com shows how over ten years managers of funds under performed their sectors.

morningstar chart

Chart from Morningstar.com

We should face this fact and prepare for it.  That’s what the test below is for… to let us know who we are and how we best invest to avoid the performance gap.

No one knows when the super heated US stock market will begin its next bear trend.

What we do know is the value of the US market is low, compared to its history and to other stock markets around the world.

keppler

The numbers below are from the Keppler Asset Management Developed Market analysis from January 2019, a source of data we follow in our ongoing study of global stock markets (called the Purposeful Investing Course (Pi)). This analysis  shows that the price-to-book of the MSCI US Share Index at 3.01 is still well below the super inflated price to book of 4.23 in December 1999.

Yet compared to world stock prices (price to book 1.54), US prices look high.  The average US dividend yield of 2.20%, compared to world yield of 2.76% looks low.

Both prices to book and dividend yields are especially distorted compared to the top value price to book of 1.30 and dividend yield of 4.20%.

These numbers show that a bear will again descend on Wall Street or at least US shares will underperform global shares in the years ahead.

We just do not know when the shift will equalize values.

We can still see profits and growth in US shares and we will… until we won’t.

All stock markets have risk and volatility, buti f you invest in the top ten good value markets (Developed Markets Top Value Portfolio above), you get the best value.

Getting good value is important because a crash can happen in minutes…. even tomorrow… or any day.

We each need a plan when the crash takes place.

Remain alert.  Short-term trading algorithms can cause market trends to shift at astounding speed.

Prepare now what you will do if the markets panic.

Create a plan based on math based on good value economic data that suits your investor type.

When the crash comes, stick to you plan.  Do not panic.  Turn on the auto pilot and normally add to your position.

Do not let feelings influence you too much.  Use logic.

Use Time!  Combine Value with time.  Make the greatest asset in your portfolio time.

Time plays one of the most important parts of investing success, but is so much more.  In the end, it’s all we have…. time, our most valuable gift.

Dr. Suess tried to tell us this when we were young.

How did it get so late so soon? It’s night before it’s afternoon. December is here before it’s June.  My goodness how the time has flewn!   How did it get so late so soon?  Dr. Suess

Controlling investment time horizons is critical to reducing risk and increasing profit.  Knowing and expanding our investment time horizons also gives us more time and reduces our stress. 

Keppler Asset Management has done an astounding study on the importance of time (not timing) in investing.

We track Keppler’s analysis that covers the value of all the stocks in 46 equity markets (23 developed and 23 emerging).  Many of these markets have well over 1000 shares.  To stay on top of all these stocks and markets requires a continual update and analysis of thousands of shares.   

Trying to keep up with that data load is enormously expensive and stressful.  Keppler’s data (he has been tracking these shares for over 20 years) saves us endless hours of time.

The chart below “US Share Performance Over Different Holding Periods”  shows that you can expect to earn 11% to 12% per annum, with an equally weighted globally diversified portfolio if you let time work for you.

However, to be sure you get that return and to be sure you won’t lose instead of profit,  you need to control your time for as long as ten years.

This chart shows, that over the 89 year period, the best one year indices’ performance was 162.8%.

That is good.

However the worst was a -67.5% loss in one year.

That is bad.

The average return over the 89 years was 12.3%.   The story changes considerably for a five year holding period.   The highest return is down to 36.1%, but the worst loss was only 17.1%.  The average per annum return was 11.3%.

Time reduces risk if you have a diversified portfolio.  A potential decline in the price of a stock does not ultimately raise the risk if the decline is temporary and the probability of having to sell during the decline is low.

This diagram shows that equity investments can fluctuate widely from year to year, offering potential for high returns but also high risk.  As holding periods become longer, the fluctuations decrease.  The performance between stocks and fixed interest investments also widen.

The fact that equity returns fluctuate widely in the short run and significantly outperform bonds in the long run illustrates the importance of the investment time horizon.

keppler asset allocation study

The chart below shows that the longer your time horizon, the better your odds for a positive return.

keppler Asset Allocation chart

This chart shows how time affects the odds of the highest return as well as of just a positive return.

keppler Asset Allocation chart

These charts show that investing in a five year period is much safer than a one year period.  If you have a 15 year time horizon, the risk of loss, even in stocks, is almost negligible… if you have a diversified portfolio.

Here are questions we each need to answer for our own particular investing needs:

What is our time horizon?

What average return do our investment alternatives yield over comparable periods of time?

What Type of Investor Are You?

How we deal with time depends on the type of investor we are.

Some of us need investment advisors.  Others do better with mathematicians.  Many need a psychologist.

Getting the correct answer to this question “What Type of Investor Are You” may be the most important step you can take in creating everlasting wealth.

Here is a five minute test… that can mean everything to your investing success.

1) In the last 12 months have you speculated more than you could really afford to lose?

Never__   Sometimes__   Often___

2) In the last 12 months, have you needed to invest with larger amounts of money to get
the same feeling of excitement?

Never__  Sometimes__  Often__

3) In the last 12 months, if you lost on an investment, did you go back another day to try to win back the money you lost?

Never__   Sometimes__  Often__

4) In the last 12 months, have you borrowed money or sold anything to get money to invest?

Never__  Sometimes__  Often__

5) In the last 12 months, has your investing caused you any health problems, including stress or anxiety?

Never__   Sometimes__  Often__

6)  In the last 12 months, has your investments caused any financial problems for you or your household?

Never__   Sometimes__  Often__

7) In the last 12 months, have you felt guilty about the way you invest or what happens when you invest?

Never__  Sometimes__  Often__

8) In the last 12 months,have you lied to family members or others about how much you made or lost in your investing?

Never__  Sometimes__  Often __

9) Is investing a hobby for you?

Never__  Sometimes__  Often __

10) When you invest,  do you get excited?

Never__  Sometimes__  Often __

11)  Have you lost overall on your investments over the past ten years?

Yes__  No__

Be honest with yourself!  Take the test before you read further.

Do not look below this picture as it is here to block your view on how to score.

Take the test before you go forward.  Then look below.  Your score will help you see the forest despite the trees.

garyascott- leaf - change

How You Score

Give each Never of No answer a zero… each Sometimes a one and each Often or Yes answer a three.

Add the total score.

If your score is eleven or lower… if you enjoy tracking your own portfolio and if you have time, you may consider being a Value Trend Investor.   Value Trend investors invest good value based ETFs and good value shares in good value markets, but buy and sell these shares based on their short term trends.  Value Trend investors continually maintains strong, stop loss positions for protection.

If your score is ten to 12 to to 22 you may consider being a longer term Value Hold Investor.  Value hold investors invest in ETFs n good value markets and good value shares in good value markets but mostly buy and hold for the long term riding through the shorter term trend ups and downs.

If you score above 23 to 33 consider being a Value Managed Investor.    Value Managed investors are most likely to succeed when they work closely with a fund manager (such as ENR Asset Management) makes decision for the Value Managed Investor or who provides recommendations on what and when to buy and hold values shares .

How the Purposeful investing Course helps you.

The Purposeful Investing Course (Pi) is NOT about fast moving, speculative stock and currency trading.  Pi is about slow, worry free, good value investing from finding good value, but also includes advice from trend analysis and value investment managers.

Pi teaches three systems, on for trend investors, one long term value holders, and one for managed investors.

See how to learn all three systems in a no risk trail offer below.

Gary

The Only 3 Reasons to Invest

garyheadshot

The stock market has always been the best place of places to protect and increase wealth over the long haul.   Yet it’s also been the worst place to lose money, a lot of it, quickly.

There are only three reasons why we should invest.  We invest for income.  We invest to resell our investments for more than we had invested.  We invest to make our world a better place.

The goal of investing should be to stabilize our security, bring feelings of comfort and elimination of stress!

We should not invest for fun, excitement or to get rich quickly. We should not divest in a panic due to market corrections.

This is why my core stock portfolio consists of 19 shares and this position has hardly changed in three years.  During this time we have been steadily accumulating the same 19 shares and have traded only twice.

motif.com

This portfolio is built around a strategy that’s taught in my Purposeful Investing Course (Pi).  I call these shares my Pifolio.

This portfolio more or less matched the S&P 500 until May 2018.  Then a stronger US dollar made the portfolio look like it was falling behind.   This currency illusion creates a special opportunity we’ll view in a moment.

This portfolio above is based on stock price to value analysis built around 91 years of stock market data.

The value analysis is used to create a portfolio of MSCI Country Benchmark Index ETFs that cover  stock markets that are undervalued.  I have combined my 50 years of investing experience with the study of the mathematical market value analysis of Michael Keppler, CEO of Keppler Asset Management.

In my opinion, Keppler is one of the best market statisticians in the world.  Numerous very large fund managers use his analysis to manage over $2.5 billion of funds.  However because Keppler’s roots are in Germany (though he lives and operates from New York) and most of his funds registered for the European Union, Americans cannot normally access his data.

I was lucky to have crossed paths with Michael about 25 years ago, so I am one of the few Americans who receive this data and you will not find his information readily available in the US.

In a moment you’ll see how to remedy this fact.

The Pifolio analysis begins with Keppler’s research that continually monitors 46 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.  Then Keppler takes market’s history into account.

Fwd: keppler

Michael Kepler CEO Keppler Asset Management.

Michael’s analysis is rational, mathematical and does not cause worry about short term ups and downs.  Keppler’s strategy is to diversify into an equally weighted portfolio of the MSCI Indices of each good value (BUY) market.

This is an easy, simple and effective approach to zeroing in on value because little time, management and guesswork is required.  You are investing in a diversified portfolio of good value indices.

A BUY rating for an index does NOT imply that any one stock in that country is an attractive investment.  This eliminates the need for hours of research aimed at picking specific shares.  It is not appropriate or enough to instruct a stockbroker to simply select stocks in the BUY rated countries.  Investing in the index is like investing in all the shares in the index.  You save time because all you have to do is invest in the ETF to gain the profit potential of the entire market.

To achieve this goal of diversification the Pifolio consists of Country Index ETFs.

Country Index ETFs are similar to an index mutual fund but are shares normally traded on a major stock exchange that tracks an index of shares in a specific country.  ETFs do not try to beat the index they represent.  The management is passive and tries to emulate the performance of the index.

A country ETF provides diversification into a basket of equities in the country covered.  The expense ratios for most ETFs are lower than those of the average mutual fund as well so such ETFs provide diversification and cost efficiency.

Here is the Pifolio I personally held at the beginning of 2019.

70% is diversified into Keppler’s good value (BUY rated) developed markets: Australia, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

30% of the Pifolio is invested in Keppler’s good value (BUY rated) emerging markets: Brazil, Chile, China, Colombia, the Czech Republic, South Korea, Malaysia and Taiwan.

iShares Country ETFs make it easy to invest in each of the MSCI indicies of the good value BUY markets.

For example, the iShares MSCI Australia (symbol EWA) is a Country Index ETF that tracks the investment results the Morgan Stanley Capital Index MSCI Australia Index which is composed mainly of large cap and small cap stocks traded primarily on the Australian Stock Exchange mainly of companies in consumer staples, financials and materials. This ETF is non-diversified outside of Australia.

iShares is owned by Black Rock, Inc. the world’s largest asset manager with over $4 trillion in assets under management.

There is an iShares country ETF for every market.

How you can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.   I call this strategy Purposeful Investing (PI).  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 get this course when you enroll in our Purposeful Investing program (Pi) with a triple guarantee.

Triple Guarantee

Enroll in Pi.  Get the 130 page basic training, a 46 stock market value report, access to all the updates I have sent in the past three years, two more reports on investing (described below) and an online 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 118 page 46 market value analysis, access to over 100 previous Pifolio updates, the “Silver Dip 2019” and “Three Currency Patterns For 50% Profits or More” reports, and value investment seminar, plus begin receiving regular Pi updates throughout the year.

Subscribe to a Pi annual subscription for $99 and receive all the above.

You also begin receiving regular emailed Keppler analysis and online access to all that analysis of the last three years.  Each update examines the current activity in  Pi, how it is changing, why and how the changes might help your investing or not.

Included in the basic training is an additional 118 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 covering thousands of shares.

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 one of two reason why my Pifolio lagged behind the S&P 500 from May 2018.

The US dollar has become overly strong.

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 strong dollar gives non US shares extra profit potential.

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.

Enroll in Pi.  Get the 130 page basic training, a 46 stock market value report, access to all the updates I have sent in the past three years, two more reports on investing (described below) and an online Value Investing Seminar right away.  Subscribe to a Pi annual subscription for $99 and receive all the above.

The Time for Value is Near

Overseas, value investing is really a bargain following a dismal year in 2018.

https://www.flickr.com/photos/garyascott/30789695468/in/dateposted-public/

It’s no secret that value-based equities in the United States and overseas have lagged their growth cousins since 2009.  It’s unusual for value to lag growth this long (see above chart).

Why has value so badly trailed growth in this cycle?  Investors have embraced growth because of accelerated earnings and growing revenues in sectors of the market that continue to lead the charge in this bull market: technology.

Recent declines in tech shares suggests that we’ll soon see a return to value.

Plus get the $39.95 report “The Silver Dip 2019” 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 Dip Strategy with platinum.   The “Silver Dip 2019” 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 2019” about a leveraged speculation that can increase the returns in a safe portfolio by as much as eight times.

Subscribe to a Pi annual subscription for $99 and receive all the above.

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.

In 2018 I celebrated my 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 $366.90 If You Act Now

Subscribe to the first year of The Personal investing Course (Pi).  The annual fee is $99, but to introduce you to this online, course that is based on real time investing, I am including FREE the $29.95 report “Three Currency Patterns for 50% Profits or More”, the $39.95 report “Silver Dip 2019” and our latest $297 online seminar for a total savings of $366.90.

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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.

On other bit in the bargain is that after the first year, you will continue to receive the market analysis but for only $39 a year.   You can cancel at any time, but for just over $3 a month you’ll receive all my updates on global investing.

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 118 page 46 market value analysis, access to over 100 previous Pifolio updates, the “Silver Dip 2019” and “Three Currency Patterns For 50% Profits or More” reports, and value investment seminar, plus begin receiving regular Pi updates throughout the year.

Subscribe to a Pi annual subscription for $99 and receive all the above.

Gary