Tag Archive | "gold"

How to Value Silver & Gold


Last September we issued a report “Silver Dip 2015” that recommended investing in silver in a very special way (using a British pound loan).

We all need a little stash of gold and silver.  This is not an investment.  This is insurance we hope we’ll never use. The best thing to do with it is pass it one day onto our kids.

gold

Investing (or rather speculating) in gold and silver is different.  We reviewed how to make such investments in our October 2015 Value Investing Seminar.  That advice has earn subscribers and delegates as much as 62.48% profit in the last six months.

Here is an excerpt from a lesson at the Purposeful investing Course (Pi) that shows how this profit was created and how to know when to invest in silver and gold.

Gold is one of the hardest assets to value.  As a gold bug who has been investing in gold since the 1970s, I know this is true.  I have seen so many predictions over the decades, that have been wrong.  Nothing, I expect, will ever change this fact, but there is a way to manage investments in gold using mathematical algorithms.

This course studies three ways to find and manage value investments.

#1: We look at Keppler Asset Management’s Top Value Strategy.  The strategy is to diversify into top value country ETFs  and hold them until funds are needed or until the market no longer is a top value. This is the most passive approach.

#2: We follow value equity and currency analysis of ENR Asset Management and track a diversified portfolio of equities.

#3: We use either of the two strategies above and monitor the investments using the Smart Trailing Stops system operated by Richard Smith PhD at Tradestops.com.

One of the services that Tradestops offers is an algorithm based re-entry alert system that lets investors know that a share of interest should receive special attention.

Here is a note Richard sent to me.

Gary, Big news this week … gold has triggered a TradeStops Re-Entry Rule!

Oh man, I’m so excited about this. Of course, I’m excited about this because I love gold and am itching to add to my gold holdings. But I’m also excited about how well my Re-Entry Rule strategy has worked for gold. It has saved me a ton of money!

Take a look.

chart tradestops.com

Gold (via the popular SPDR Gold Shares ETF -GLD) last stopped out just above $150 back in early 2013.  Since then GLD has rallied over 10% several times.

My proprietary trend indicator, the Smart Moving Average (green line on chart above) did EXACTLY what it was supposed to.  It kept us out of the head fake rallies.

GLD made a low of $102 back in late 2015.  Today it is trading at $118. It’s already up 16% from its low and it shot up like a rocket ship in the past month.

Am I crying in my beer over the fact that I missed out on buying GLD at $102?  No way!  I am personally thrilled to have the opportunity to buy GLD today at $118 because my system stopped me out of GLD back at $150 and it’s been holding back from buying GLD for the past 3 years.

Gold Dip 2016

Knowing that gold is on the move has a special significance because when you subscribed to Pi, you received the report “Silver Dip 2015”.   This report was issued last September 2015 and showed the benefits of investing in the silver etf  “SLV”.  The report also reviewed  the benefits (and pitfalls) of leveraging that investment with a pound loan.

The investment has performed very well since the report was issued.  Shares in SLV rose from $13.50 to $14.41 for a small profit.

silvber chart

If the investment was leveraged, the performance was better.

Take for example an investment of $10,000.  With no leverage the $10,000 is now $10,663  for a $663 profit.  One times leverage ($10,000 invested and $10,000 loan also invested) creates $21,326 income or profit after interest and loan payoff of $1,326.  Two times leverage $31,990 and $1,990 profit. Three times $42,653 and $2,653 profit.  Four times $53,315 and $3,315 profit.

That profit is calculated before looking at the forex profit.  The pound moved almost exactly as it did 30 years ago.

pounbd dollar chart

6,451 pounds borrowed 6 months ago at 1.55 converted to $10,000 to invest in SLV.   At 1.39 it only requires  $89,66 to pay back the loan. This creates an extra  $1,034 forex profit.

Here are the profit figures of Silver Dip 2016 for the past 6 months.

1 X loan 6451 @ 1.39 = $8966 + $300 interest.
$21,326 – $9,266 = equals $12,060 or $2,060 profit on the $10,000 invested.  That is a 20.06% return in six months.

2X loan 12,902@1.39=$17,932 + $600 interest.
$31,990 – $18,532 = $13,458 (34.58% profit)

4X loan 25,804@1.39 =$35,867 + $1,200 interest.
$53,315 – $37,067= $16,248 (62.48% profit)

This position has not run out of steam.  The price of SLV is likely to rise more. The pound may fall more also though it is time to consider the numbers involved and look at replacing pound leverage with US dollar leverage.

Gold Outperformed Silver

At this point, a Gold Dip would have been even more profitable than a silver dip.

The price of gold has risen 17% while silver has increased less than half the rise in gold.

Learn how to create a gold and silver dip as a subscriber to Pi The Purposeful investing Course.  See details below.

Gary

Get our seminar session on the Gold-Silver Dip 2016.

Investing Beyond the Boom

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 to meet a midnight curfew.  We can lose much more when we rush from a crashing stock market.

Most investors face emotional dangers that build in rising markets.

Almost everyone feels good.

But the he clock of economic reckoning is ticking.

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

Yet no one wants to leave the party until the end.

But many edge closer to the door.

When the clock chimes there could be a stampede even though leaving in a hurry may be the worst way to go.

Here are seven steps that can help avoid this risk.

  • Choose investments based on markets instead of shares.
  • Diversify based on value.
  • Rely on financial information rather than economic news.
  • Keep investing simple.
  • Keep investing costs low.
  • Trade as little as possible.
  • Make the decision process during panics automatic.

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 was 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.

At the beginning of 2018 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 (S&P 500) in 2017 as the chart below shows.

My portfolio blue.  S&P 500… green.

Screen Shot 2018-06-04 at 7.39.15 AM

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 2018” 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 2019” 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.

This year I celebrated my 51st anniversary 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 2018” 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 2018” 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.

Your subscription will be charged $299 a year from now, but you can cancel at any time.

Gary

 

 

 

 

 

The Golden Pet


What is silver?  What is gold?   Are they investments… or what?  Yesterday’s message looked at how readers used the “Silver Dip” to  turn $250 into $51,599 in three years.   The message outlined an idea for speculating in silver and currencies.  Huge profits can be made in this type of speculation, but it is really, I mean really, important to also understand the risks and precautions required, as well as the potential rewards.

The Silver Dip is an investment in silver, or is it?  Are gold and silver, investments or just speculations, or something different?

gold

One of my worst investments, why do I keep them?

I am one of the original gold bugs, who began investing in gold and silver in the 1970s.  I made, by pure luck, some nice profits.  Then I gave more of the profits back thinking that I understood silver and gold.

A great part of investing globally for 50 years, is that one gets a feel for thirty year trends.  Feeling a trend is important because researching helps you know a trend, while not understanding the emotions that go with the numbers.   Feeling makes the difference between how prices move and what investors do.

There are many stories that explain why gold and silver are good investments, but the logical mathematics do not support these tales.   The chart below from Keppler Asset Management’s “2015 Asset Allocation” review tells the tale.

asset allocation review

89 year comparison of asset growth from Keppler Asset Management.

The reality is that over 89 years, US bonds have outperformed gold.  Gold is not really a good investment.

A Wall Street Journal article: “Let’s Get Real About Gold: It’s a Pet Rock” points this out when it says:  Since 1975, the beginning of the period in which private ownership of gold has again been legal in the U.S., the metal has returned an average of 0.8% annually after inflation, compared with 5% for bonds, 8.3% for stocks and even 1.1% for cash, according to Christophe Spaenjers, a finance professor at HEC Paris business school. “It can be very difficult to rationalize the price movements of gold, even with the benefit of considerable hindsight,” he says.

Yet I keep gold coins as insurance, even though I have to pay storage fees.  

Gold is a commodity and a currency but unlike stocks and bonds, it is extremely difficult to determine its real value because it does not generate income.  It is essentially worthless unless someone wants to use it (in jewelry or industry) or because of its rarity.  One can try to understand the supply and demand of silver and gold, but the main input to value are stories and imagination.

There are even limitations to its value as insurance.  If the global financial system world as we know it comes unglued, we probably cannot carry gold bars around to do our shopping.   If a dollar weakness turns into a downwards rout, there is plenty of precedence to assume that gold hoarding could become illegal.  Today’s government control over banks, pawn shops and metal dealers would make sure a ban more effective than in past times.   One could hoard goal, but how could one sell it?

Gold is a store of value and a great speculation.  There is still sense in holding some gold and silver as insurance, especially if you know that there will be bubbles where you can take profit.

Two ways to speculate.   The first approach is to buy gold and silver.  Hold it.  Wait.  The next bubble may take years.  When the spike comes, take profit.  The chart below from FXstop (2)  shows that we have enjoyed two of these bubbles in 50 years.  If the pattern remains true, the next bubble will be in 204o.  I have let my kids (who I hope will inherit Merri’s and my gold and silver) know this.

historic silver chart

The second way to speculate in gold and silver is to speculate in the intermediate spikes. We can see these spikes in the chart above.   Leveraged speculations in these spikes that appear every few years can be highly profitable, as was the silver dip when a $18,600 loan (that cost $250 to set up) turned into $51,599.   History suggests we are about to see one of these spikes shortly which is why I am releasing the report “Silver Dip 2015” in about two weeks.

Huge Profits Include Great Risk

I am only releasing this report to our Purposeful investment Course subcribers because that course outlines the risk and how to mitigate loss potential.

Currency speculation involves high risk as is evidenced in a Wall Street Journal article that shows how highly experienced, well funded specialists turned $2 billion into $50 million.   The article “Carlyle Fund Walloped in Commodities Rout” (3)  says:  Selloff has helped drive down holdings in its hedge-fund firm’s flagship fund from about $2 billion to less than $50 million.   Three years after private-equity giant Carlyle Group LP touted its purchase of a hedge-fund firm, a rout in raw materials has helped drive down holdings in its flagship fund from about $2 billion to less than $50 million, according to people familiar with the matter.  At one point, two of Carlyle’s co-founders, David Rubenstein and William Conway, put tens of millions of dollars of their own money in the fund and left it in amid the losses and redemptions, according to people familiar with the matter.  A collapsing market for raw materials is spreading pain well beyond commodities specialists to some of the heaviest hitters on Wall Street.  Commodity firms lost money for three years in a row before 2014, HFR said.  Commodities are one of the most challenging markets to invest in, because of their complexities and penchant for volatility.  Commodity prices have plunged due to a combination of factors, including a stronger dollar, an anticipated increase in U.S. interest rates and an expectation that cooling economic growth in China will undermine the country’s voracious appetite for resources.

Gold and silver can be many things.  Merri has told me a wonderful family gold story many times.  Her father was an entrepreneur and times were mostly good but, as in most endeavors, once in awhile a sticky path would occur.   When times seemed threatening her father would pull a bar of gold out of a storage drawer and remind the family, “If everything turns bad, we always have this gold to rely on”.

Years later on his passing Merri was cleaning out the storage drawer and pulled out the bar of gold.  It was a fake, a paperweight painted a gold color and of almost no value!  The weight had served its purpose though.  Providing a feeling of  security and comfort when needed most, a simple paper weight was as good as gold!

That’s what we all need, the feeling that no matter how events unfold, we’ll have some security and comfort.   If having gold stored away brings these feelings, go for it!  If hopes of a great and fast profit, with risk of loss, brings these feelings, go for it.  Gold and silver bring comfort.  So does petting our dogs!  Understand what history tells us. Gold is a pet. Gold and silver can bring profit, but be sure that the way you go about using gold and silver is suited to your finances and you.

Gary

Due to history,  I am releasing a new “Silver Dip 2015” report in the next two weeks.

This report is exclusively available to subscribers of the Purposeful investment Course.

The 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 on when and who should and should not speculate and how to limit losses and take profits.

Subscribers to Pi also learn the 50 golden rules of investing.  The Purposeful investment  Course (Pi) looks at how to protect against shady investment advice, unreasonable and hidden fees.  This is especially true when it comes ot trading in currencies and metals.

Pi examines how to gain the ultimate form of financial security, investments with purpose and profit.  When you subscribe to Pi, we will include you in the “50 Golden Rules of Investing Program,” without any additional cost or obligation.  Each month in “Pi” we’ll delve more deeply into four or five “Golden Rules of Investing”.

Pi subscribers will receive Silver Dip 2015 on September 1, 2015.

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 report also shows how to reduce trading costs and gain protection from unethical banks and investment advisers.  The report shows 22 good value investments and a really powerful tactic to use that allows you to accumulate these bargains now even in small amounts (even $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

The report “Three Currency Patterns For 50% Profits or More” is $29.95 but you get it free when you subscribe to Pi, the Purposeful investment Course.

Triple Guarantee

Enroll in Pi.  Get the first monthly issue of Pi, the first five “Golden Rules of Investing” and the report “Three Currency Patterns For 50% Profits or More” right away.

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

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

#2:  I guarantee to cancel your subscription and refund your subscription fee in full, no questions asked.

#3:  I guarantee you can keep the golden rules of investing you have received and “Three Currency Patterns For 50% Profits or More” report as my thanks for trying.

You have nothing to lose except the fear.  You have the ultimate form of financial security to gain.

Order the report “Three Currency Patterns For 50% Profits or More”  $29.95

Subscribe to Pi and save $102 (Pi is priced at $299 per year but we have an introductory discount available now; only $197 for the first year), plus received the “50 Golden Rules of Investing” and “Three Currency Patterns For 50% Profits or More” report” free.

Save $131.95.   Subscribe to the Pi for $197.

(1) Wall Street Journal Let’s Get Real About Gold: It’s a Pet Rock

(2)  Fxtop pound dollar historical charts

(3) Wall Street Journal Carlyle Fund Walloped in Commodities Rout

Gain From the Volatility of the Next Four Years

However America’s politics turn out, one thing is sure.  There will be volatility in stock markets during the next four years.

The first reason markets will bounce has nothing to do with politics or policies.   The market’s downward shift is simply due regardless of the party or the person in office.

Second the new politics will create an uncertain era. Everyone is shaken whether they are pleased with the election or not and nothing frightens markets like uncertainty.

Third we’ll see rising interest rates over the next 48 months. This will push markets down.

Despite these pitfalls, there is a way to profit using the downtrends  to pick up good value shares.

During nearly five decades of global investing I have noticed found that good value strategies increase through bull markets and bear, through good presidents and bad.  The steps to take are simple.

The first tactic is to seek safety before profit.

We can look at Warren Buffett’s investing strategy as an example.  Buffett success is talked about a lot, but rarely does anyone explain how he make so much money.  That was the fact until some researchers really stripped his operation bare.  They looked at everything and learned the deepest of Buffett’s wealth management secrets.  Fortunately they published all in a research paper at Yale University’s website. that reveals important truths about extending wealth.

This research shows that the stocks Buffett 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).

The second tactic is to maintain staying power.  At times Buffet’s portfolio 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 outperformance 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.

The Buffett strategy integrates time and value for safety and profit.

A third tactic is using limited leveraging, tactic in the strategy boosts profit.  Buffett leverages his portfolio at a ratio of approximately 1.6 to 1.   The Yale published research paper shows the leveraging methods used by Warren Buffett to amass his $50 billion fortune.  The researchers found that the returns from Buffett’s investment company, Berkshire Hathaway, far outweighed those achieved by any rival that has operated for 30 years or more.  The research shows that neither luck nor magic are involved.  Instead, the paper shows that Buffet’s success hinges on using leverage at the rate of 1.6.

To sum up the strategy, Buffet uses limited leverage to invest in large purchases of “cheap, safe, quality stocks”.   He limits leverage so he can hold on for very long periods of time, surviving rough periods where others might have been forced into a fire sale or a career shift.

Stated in another way buffet uses logic (buy good value) to have the conviction, wherewithal, and skill to invest with leverage over many decades.

What do we do when we are not Warren Buffett?

May I introduce the Purposeful Investing Course (Pi) for those who want to invest like Warren Buffet, but know they are not.  This course is based on my 50 (almost) years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.

Enjoy Extending Wealth

Pi’s mission is to make it easy for anyone to create a three point strategy, like Buffett’s even though they do not have a lot of time for or knowledge about investing.

Pi reveals investing secrets and the sciences that make investing easy, safer, less time consuming and increases the chances of profit.

One secret is to invest with a purpose beyond the cash.  One tactic as mentioned is staying power.  This means not being caught short and having to sell during a period of loss.  This also means having enough faith in a strategy that we stick to the plan.  When we invest with purpose, doing what we love, we enjoy the process more and are more likely to hold on during down times, when most poor investors panic and sell.

Slow, Worry Free, Good Value Investing

Stress, worry and fear are three of an investor’s worst enemies.  They create the Behavior Gap, a trait exhibited by most investors, that causes them to underperform any market sector they choose.  The behavior gap is created by natural human responses to fear.   Pi helps create profitable strategies that avoid losses from this gap.

Spanning the Behavior Gap

Behavior gaps are among the biggest reasons why so many investors fail.  Human evolution makes fear the second most powerful motivator.  (Greed is the third.)  Fear creates investment losses due to behavior gaps.  Fear motivates us more strongly than desire.  By nature investors are risk adverse.

Winning investors though embrace risk because they have a plan based on good value.

Purpose is the most powerful motivator,  stronger than fear and greed, so a strategy with purpose is the most powerful of all.

Combine your needs and capabilities with good value secrets and the math to back up your value selections through the Pifolio – The Pi Model Portfolio

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

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

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

#1:  Current book to price

#2: Cash flow to price

#3: Earnings to price

#4: Average dividend yield

#5: Return on equity

#6: Cash flow return.

#7: Market history

We follow this research of a brilliant mathematician and have tracked this analysis for over 20 years.    This is a complete and continual study of international major and emerging stock markets.

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

A country ETF provides diversification and cost efficiency by spreading one simple, even small investment into a basket of equities in a good value stock market.  The costs are low and this type of ETF is one of the hardest for institutions to cheat.  Expense ratios for most ETFs are lower than those of the average mutual fund.

Little knowledge, time, management or guesswork are required.  The investment is simply a diversified portfolio of good value indices.  Investments in an index are like investments in all the shares of a good value market.

Pi matches this mathematical certainty with my fifty years of experience. This opens insights to numerous long term cycles that most investors miss because they have not been investing long enough to see them.

For example 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!  There are currently ten good value (non US) developed markets,  plus 10 good value emerging markets.

Pi shows how to easily create a diversified, worry free portfolio in some of these good value markets using Country Index ETFs.

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

This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago.  There is so much more to write and 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 you’ll receive the report “Three Currency Patterns For 50% Profits or More” FREE when you subscribe to Pi.

Leverage

Pi also explains when leverage provides extra potential without undo risk.  For example in 1986 I issued a report called “The Silver Dip” that showed how to borrow 12,000 British pounds (at almost 1.6 to 1 dollars per pound the loan created US$18,600) and use the loan to buy 3835 ounces of silver at around US$4.85 an ounce.

Silver had crashed, 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 $18,600 loan 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 an extra $5,314 profit.  The profit grew to $47,499 in just a year.

Conditions for the silver dip have returned.  The availability of low cost loans and silver are at an all time low.  The price of silver has crashed from nearly $50 an ounce to below $14 as did shares of the iShares Silver ETF (SLV).

silver chart

(Click on chart from Google.com  (1) to enlarge.)   Imagine investing in a spike like this… with leverage!

At the same time the silver gold ratio hit 80, a strong sign to invest in precious metals.

I have updated a special report “Silver Dip 2016” about a leveraged silver speculation that can increase the returns in a safe portfolio by as much as eight times.  The purpose of the report is to share long term lessons gained through 30 years of speculating and investing in precious metals.  While working on the report, when the gold silver ratio slipped to 80 and the price of silver dropped below $14 an ounce, I knew I needed to share this immediately.

I released a new report “Silver Dip 2015” so readers were able to take advantage of these conditions and leverage 1.6 times as a speculation.  That report generated profits as high as 212% and a revised 2017 issue has been produced.

“The Silver Dip 2106”  sells for $39.95 but  you receive  “Silver Dip 2017” FREE when you subscribe to Pi.

Save

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 the $29.95 report “Three Currency Patterns For 50% Profits or More” and the $39.95 report “The Silver Dip 2017 free.

Triple Guarantee

Enroll in Pi.   Get the first monthly issue of Pi, and the report “Three Currency Patterns For 50% Profits or More” and “The Silver Dip 2016” 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 purposeful 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:  I guarantee you can keep “Three Currency Patterns For 50% Profits or More” and “The Silver Dip 2106” report as my thanks for trying.

You have nothing to lose except the fear.   You have the ultimate form of financial security to gain.

Subscribe to the Pi for $197.   You Save $158.95.

Gary

 

 

 

The Value in Gold


This week saw a valuable lesson about the value in gold.

Gold

Price of gold since 1995.  (Click on images to enlarge.)

Many readers wrote before the Swiss referendum saying they were buying gold because the Swiss vote would cause the gold price to sky rocket.  My reply was:  I hold gold in my portfolio as a long term insurance against the loss of purchasing power of currencies.  I do not speculate in gold short term.

I was one of the original gold and silver bugs in the 1970s.  I speculated then but over the decades became convinced that no one can tell when or where the price of gold will go in the short term.

The Swiss of course voted against the “Save Our Swiss Gold” campaign by almost three to one.   In other words, there was no buying pressure there.  That is one more lesson that short term gold price is unpredictable.

Former Federal Reserve Chairman Ben Bernanke agrees and is quoted as saying to Congress in 2013:  “A lot of people hold gold as an inflation hedge, but movements of gold prices don’t predict inflation very well actually”. “Nobody really understands gold prices, and I don’t pretend to understand them either.”

Long term investors might want to accumulate gold now.  There are numerous fundamentals that suggest the gold price is relatively low.  Here are some basics behind gold’s value.

There is high and growing Chinese demand.

Gold

Indian demand is up and growing.

Gold

Jewelry demand is growing.

Gold

Central bank demand is likely to grow.  In previous recoveries, interest rates rose faster and  higher than now. Central banks sold gold and mining companies hedged forward. This is not the situation  – not this time.

Conditions suggest an increased lack of supply.  Five year outlook for gold demand worldwide shows a need for 3,000 more tons of gold.  Mine production is peaking. There is an expected production drop of 20% in 2015-16.   20% of the mines’ costs are higher than gold price.

Gold

There are few new gold discoveries to fill the gap.

Gold Recycling declined -14% in 2013 and -11% in 2014.

Gold

Gold ETFs are seeing outflows as investors believe that the slow economic recovery is a drag on inflation.

Gold can provide low, positive real returns as a hedge to equities and bonds in a recovery with low nominal and real rates.  Statistically, gold is cheap and offers good long term value.

https://www.flickr.com/photos/garyascott/15750645380/

One way to own gold for a long term stability of your investments is as part of  a multi currency sandwich portfolio.

ENR Asset Management which looks after my personal portfolio held in Copenhagen provides a way to diversify currencies and gold with the ENR Multi- Currency Sandwich.  

The investment objective is to  provide a fundamentally strong and diversified portfolio of foreign currencies to hedge against the long-term decline of the U.S. dollar. The investment criteria for selecting currencies include those units harboring a combination of the following: trade surpluses, budget surpluses, low net relative debt compared to other regional partners, a high savings rate and in some circumstances, tax reform, (which is bullish for FDIs or foreign direct investment).  Some currencies, however, might not nurture all of the above characteristics but should at least maintain several to qualify in this currency basket.

ENR has updated the Global Currency Sandwich portfolio by replacing the Swedish kroner with the Canadian dollar:  The currencies in the portfolio now are:

British pound (GBP)

Norwegian krone (NOK)

Canadian dollar (CAD)

New Zealand dollar (NZD)

Singapore dollar (SGD)

Mexican peso (MXN)

Gold (optional)

Learn more at ENR’s website

Or email Thomas Fischer at Thomas Fischer,  Thomas@enrasset.com

Gary

How to Gain With Multi Currency Value Investments

Old Accord Creates New Profits – Multi Currency Investments.

Earn more with multi currency stock market breakouts.

Improve Safety – Increase Profits

Learn how to improve the safety of your savings and investments by selecting good value and diversified investments in a multi-currency portfolio.

Few decisions are as important to your wealth as the value of the markets and currencies you invest in.  This has been our area of expertise since the 1970s and we have worked with and advised some of the largest currency traders in the world.

Gain Protection First – Against the Dollar’s Purchasing Power Loss.  In 1913 the The Federal Reserve Act created the Federal Reserve Bank to protect the purchasing power of the US dollar, which has since lost about 94% of its purchasing power.  Here is its price compared with gold since 1900.

priced in gold

Dollar chart from pricedingold.com (1)

The Fed has let the dollar lose most of its strength plus has allowed interest rates to fall so low, that safe investments cannot keep pace with the drop in purchasing power.

multi-currency-chart

Chart from Grandfather Economic Report (2)

Many investors have forgotten about the risk of a falling dollar because the greenback has been strong for the past five years.  This temporary dollar strength came after the great recession of 2009 just as there was temporary dollar strength after the great recession of the 1980s.  Then about six years after the recession, an agreement was made by major governments to weaken the dollar.

There was a severe global economic recession affecting much of the developed world in the late 1970s and early 1980s.  The United States and Japan exited the recession relatively early, but high unemployment would continue to affect Europe and the UK through to at least 1985.  As a consequence between 1980 and 1985, the US dollar had appreciated by about 50% against the Japanese yen, Deutsche mark, French franc and British pound, the currencies of the next four biggest economies at the time. Then the governments reached an agreement and exchange rate values of the dollar versus the yen declined by 51% from 1985 to 1987.

Now the world is again in the same place.  The recession is over.  Europe is a bit behind in recovery and the dollar is higher than before the recession.

There is no reason for the greenback to be  strong.

The agreement in 1985 was called the Plaza Accord.   Over just two years the greenback dropped nearly 50% versus other major currencies.  The next accord will generate great profits for those who know what to do while it ruins the purchasing power of dollar back investments.

The strong US dollar and low interest rates have created one of the biggest stock and multi currency breakout opportunities in history.  Learn how to create a plan to profit from multi currency shifts ahead.

One reason for the potential gains is that stock markets and currency values are cyclical.  Due to low interest rates created by the 2009 economic downturn, the US and a few other equity markets have risen to some of their highest prices, ever.  These markets offer very poor value now.  The steep valuation creates incredible profit potential but also hides some enormous risks.  Learn how to develop an investing strategy based of earnings, cash flows, dividends and book values to increase potential for profit and reduce the risks.

Next Extra Profit Created by Value Breakouts

Over the history of US equity markets, the  price of overall markets have risen about 9.1 percent, respectively, compounded annually.  Yet over more than a hundred years of stock market activity,  a majority of the profits have come from just a very few dramatic breakouts.

Equity markets are ruled in the short term by emotions that create unpredictable ups and downs.  Numerous fears of defaults, worries of double dip recessions, high unemployment, concerns about fiscal cliffs, hold investors back.  Yet global population growth and advances in production and prosperity are relentless economic fundamentals that increase value.

When fear holds back a a fundamentally rising value, rising profit potential grows.  Values increase as prices stagnate.  Then markets break free and rocket upwards creating wealth, prosperity and growth.

Find out which breakouts are likely to take place next.

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 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 create war.

Here is the war stock cycle.  Military struggles (like the Civil War, WWI, WWII and the Cold War: WWIII) 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.

Learn how the Cyber War (WWIV) may change the way we live and act and how this will affect currencies and investments.

Learn:

* 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), but 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 outperformance 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.  Buffett leverages his portfolio at a ratio of approximately 1.6 to 1.  This rate of expansion by the way is called the “Golden Ratio”.  It is a mathematical formula that controls the growth of most natural things; trees, the shape of leaves, the spiral of shells, as well as the way economies and societies grow.

We’ll sum the strategy, how to leverage cheap, safe, quality stocks and for what period of time based on your 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 (almost) years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.

Enjoy investing more with slow, worry free, good value investing.  Stress, worry and fear are three of an investor’s worst enemies.  These are major foundations of the Behavior Gap, a trait exhibited by most investors, that causes them to underperform any market they choose.  The behavior gap is created by natural human responses to fear.  The losses created by this gap grow when investors trade short term under stress.

Learn how to put meaning into your investing by creating profitable strategies that combine good value investments with unique, personal goals.

Learn how to span the behavior gap.  Behavior gaps are among the biggest reasons why so many investors fail.  Human evolution makes fear the second most powerful motivator.  (Greed is the third.)  Fear creates investment losses due to behavior gaps.  Fear motivates us more strongly than desire.  By nature investors are risk adverse, when they should embrace risk.  Purpose is the most powerful motivator,  stronger than fear and greed.  One powerful way to overcome the behavior gap is to invest with a purpose.

Combine your needs and capabilities with the secrets and the math of our good value model portfolio.

Share ideas about my good value portfolio.  My personal investment portfolio comes from a continual analysis of international stock markets and a comparison of 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.

Markets included in this portfolio are:

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

These markets have been chosen based on four pillars of valuation.

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

Learn how to use Country ETFs to easily construct a diversified, risk-controlled, equally weighted representative country portfolios in all of these good value countries.

To achieve this goal my portfolio consists of Country Index ETFs that track an index of shares in a specific country.  These country ETFs provide diversification into a basket of equities in the good value countries.  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.

This is an easy, simple and effective approach to zeroing in on value because little 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 stock in that country is an attractive investment, so you do not have to pick and choose shares.  You can invest in the index which is like investing in all the shares in the index.  All you have to do is invest in an ETF that in turn invests passively in all the shares of the index.

Learn 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 a test.

The Test for Low Cost Trading

Research put every part of this portfolio in place, except knowing the best, easiest and least expensive way to buy.  A search for an optimal way to buy and hold boiled down to two methods.  One tactic to test was to use a unique online broker that appeared to offer the lowest cost deal.  The other approach was to use a community bank in Smalltown USA.  The small town bank that I use looks after my 401K trust account and their service is first class.  The benefit of small banks is that they still treat us as a human beings (instead of a number) and when we need, it’s easy to go right to the top to answer a question or get a problem resolved.  There are no call centers and the bank and the person looking after my account is just around the corner.

I created a test to see which offered the least expensive service.

Working with my banker in Smalltown USA,  I created two accounts, one at the online broker and the other at the bank. I placed $40,000 in each.

I set up the order for the country ETFs online, while my trust manager set up orders for the identical amounts of the same shares in his system.  Then we got on the phone, coordinated our timing and on a count of three each pushed the button “BUY”.

The results of this test  show how you can gain on any purchase of country ETFs.

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.

Your subscription will be charged $299 a year from now, but you can cancel at any time.

Gary

 

Gary

(1) Dollar chart from pricedingold.com

(2) Grandfather Economic Report

 

 

 

 

 

Billions to Trillions


This is a great time to save as you learn how to diversify globally and create alternate sources of income. Learning these benefits is really important now because of the US debt.

Monday’s message Forget Gold answered the question of whether there was gold in Fort Knox by saying: “It does not matter.   “At $1,400 an ounce if Fort Knox has gold stated the value is 205 billion 800 million dollars.

That looks like this $205,800,000,000.

According to the US National Debt Clock the the US national debt is over 16.7 Trillion dollars.

That looks like $16,700,000,000,000

A reader sent this note which gives s a better understanding of the US debt compared to the US gold reserves.

She wrote:  In order to conceive of the difference between 1 billion and 1 trillion, consider this:

1 billion seconds = 31 years
1 trillion seconds = 31,688 years

Gary

This is also a great time to learn because we have just added  new seminars and courses for 2014 that you can attend free when you become an International Club member.

This is also a great time to join us in October as air fares to North Carolina are low.

Screen shot 2013-09-10 at 10.09.59 AM

Screen shot 2013-09-10 at 10.10.31 AM

Click on images to enlarge. See low air fares at Travelocity.com

Join us in 2013 and through 2014 in learning ways to prosper from breakouts created by economic change.

See how to attend courses and seminars in Ecuador and the USA.

Learn How to Write to Say or to Sell

Seven P Secrets of Self Publishing

When you write, you can work anywhere. 

gary-scott-image

Here I am working poolside in the winter, at our Florida farm.

gary scott

Here I am with our hound Ma, working during the summer at our North Carolina farm.

Learn how to earn everywhere, while living anywhere you choose.  I have been able to earn by writing in Hong Kong, England, the Isle of Man, Dominican Republic and Ecuador to name a few of the place I have lived.  Everywhere I have been… too numerous to share here, I have been able to work.

All I need is my laptop.

That’s all you need too… a laptop to be free!

Before computers, a pencil and pad did the job.

Freedom is just one benefit you can gain from writing.

Another benefit is income.   Writing has brought me both our farms, free and clear… plus a lot more.

Another good example of earning potential is my friend Hugh Howey.   He was working for $10 an hour in a book store when he self published his novel Wool, typing in a storage room during his lunch breaks.

Soon he was earning over $100,000 a month on Amazon.com.  This helped secure a six-figure book deal from Simon & Schuster, and an option for film by Ridley Scott, director of Blade Runner and Alien.

That’s what he’s doing now.

Hugh Howey

Sometimes Hugh and I get together at my  farm and play chess (he beats me badly).

Writers like High are great inspirations.

A couple of years ago Hugh  left Florida, and moved to South Africa.  He had a sailing catamaran built for him and now can sail the world while he continues to write.

Hugh explained it like this: And that’s the miracle of working as a writer: I can do it from anywhere and everywhere. The past few years, I’ve done a lot of writing from airplanes and airports while on business trips abroad.  SAND was entirely written overseas while traveling through seven different countries; I think it’s a better story because of those inspirations.  In upcoming years, I may be writing near your home port.

Hugh’s a super star writer and his success could not happen to a more deserving and talented person.  He pours enormous energy into being worthy of his readership.  But you do not have to be a million dollar a year earner or a traveler to benefit from writing.

The good news is… you do not need a huge success to have a rich and fulfilled lifestyle.  Self Publishing can bring you a life that most people only dream of, as a journeyman writer, instead of a super star.

May I hastily add that the path to stardom begins as a journeyman… so the journeyman’s path brings success without stardom… but can also lead to stardom.

What most success stories like Hugh’s rarely explain is the many hours of writing that was devoted before their self published book sales soared.   Hugh, like most writers were journeymen first.  Stardom came later.

Here are sevens secrets that can help you become a journeyman writer. 

The secrets are a writer’s armory of tools that allows almost anyone to create successful publications for income, freedom and fulfillment.

Take Merri’s and my publishing business as an example.  

Merri and I are not writing stars.  We are journeymen who have for more than 40 years, year in and year out, earned solid income writing and self publishing dozens of publications about multiple subjects.

Some years that income has been more than solid… over a million dollars.  Yet in terms of stardom, we are hardly known.

In a moment you’ll see why that’s fine for us and probably will be for you too.

First some history.

Merri became involved in self publishing over 40 years ago… first helping a veterinarian publish a book on a very specific market… animal acupuncture. Then she showed a needle point artist how to sell more books to an even more specific audience… “needle point enthusiasts”  about her needle point work to an audience larger than the population of the city she lived in.  This led Merri to eventually become Executive Editor of an award winning magazine in Florida.

My story allowed Merri and me to work and live from Hong Kong to London to Europe to Eastern Europe, then the Caribbean and then Ecuador… making millions in the process of following our adventures… having fun… while helping a large readership adapt to a rapidly changing world.

That’s what self publishing can bring, profit, adventure and fulfillment, a great feeling of worth and wonder.

Self Publishing has created exactly the lifestyle we desire allowing us to span the world and work with meaning and purpose.

Self Publishing has become a new business art form. 

The seven secrets can help you start your own self publishing business now.

Everything in publishing is new and exciting and changing.  Publishing is being recreated by the wonderful power of destructive technology.

Everything is new… except the seven secrets. 

Change in the publishing industry is disturbing many.   We love this evolution due to these seven secrets we call the 7Ps.  The 7 Ps are so fundamental to writing and publishing that new technology enhances rather than reduces their power.

The First P is Passion.

Whatever your passion, you can immerse yourself in it AND create income with self publishing.  This can be your direct ticket to the kind of fulfillment you’ve always wanted.

Whether you want to travel the world or live as a recluse, work 12 hours a day or not work much at all,  you can set your schedule to succeed, if you’re willing to learn these seven secrets.

You can start part-time with any dream, passion, and budget.  Once you’ve created a product, you’ll enjoy the “multiple effect” of producing profits over and over again.

So the question is… What do you love to do?

What’s Your Passion:  An example is that thirty years ago, a client of Merri’s had a passion to help people who were in pain?  He published a series of pamphlets explaining various chiropractic disorders in very simple terms.  For example: “What Is Whiplash?”

The pamphlets contained solid information, but were simple 5″ x 7″ brochures with drawings and explanations. He sold them with a rack to chiropractors, who put them in their offices for patients to read.  These little self-published items sold year in and year out for decades.

There are thousands of ideas of this sort that can lead to big business.  It’s just a matter of defining and then acting on your passion.

Although I can work when I please and go where I wish, for me the most important reason for being a publisher is the satisfaction it brings. 

I love the projects I take on, so work doesn’t feel like, well… work.

What do you love?  If you love golf, then you can write and sell publications about golf.  Love travel, fishing, dogs, dolls, or art?  Write and sell publications in these fields.

Are you concerned about crime, war, poverty or environmental issues?  You can publish information products that help reduce these concerns.

Would you like to help the world be a more spiritual place?  Publish a newsletter, write a book (or hire someone to write it for you), record a tape… publish something that enlightens people.

Whatever your passion, you can immerse yourself in it and earn income by publishing for ereaders, print on demand, CDs, lists, bound books, or any format you choose.

Be immersed in your passion and get paid well for it. 

This is why stardom is not the main goal for most writers and self publishers.  Extra income, more freedom and fulfillment are usually more than enough enough.

The seven Ps are:

#1: Passion

#2: Problem

#3: Person

#4: Profitably Priced Product

#5: Prospecting Pathway

#6: Promise

#7: Presentation

The first time I exposed others to the secrets in Self Publishing was in a weekend “Writer’s Camp” seminar.  We offered the camp for $1,500. 80 delegates enrolled.  People from all walks of life attended—chiropractors, businessmen, investors, doctors, realtors, inventors, airline pilots, engineers, and housewives.

Merri and I were so overwhelmed by the response, we decided to make it available to a larger audience.  We created a written course based on our current self publishing activity called “Self Fulfilled – How to be a Self Publisher.”  Then we recorded the weekend “Writer’s Camp” seminar.

Thousands have used the course as it has evolved over the decades.

You can receive both the written course and the recorded weekend seminar, in an MP3 file, in a special “Live Well and Free Anywhere” program I am making available to you.  The normal fee is $299 for the written course and $299 for the recorded workshop.   I’ll send you both the course and the recorded workshop and my course “International Business Made EZ (also $299) all for $299.  You save $598.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within 60 days for a full refund .

These courses are not theoretical.  They describe, step-by-step, how Merri and I built a million-dollar international business and how we are running this self publishing business right now.   We use the 7Ps today just as we did four decades ago to create a strong annual income.

This correspondence course is for those who would like their own international self publishing micro business for fun and profit. If you want fun, freedom, extra income and fulfillment with your own full or part time writing or want to build your existing business, by writing to sell you can profit from this course.  The course can help who want their own business or who want to have a business together or a family business.  This is the perfect course for those who can no longer find employment, who are looking for ways to earn abroad and who wish to retire and supplement their income.

Whether you are retired, an investor, chiropractor, doctor, dentist, professional or already own your own business, this offers another way to make money, to turn your passion into profit. We guarantee that we have shared all we know to help you start and run your own international business.  Enjoy and live a life of following your Passion to Profit… through writing.

Here is a special offer. 

We provide two emailed courses  “Self Fulfilled – How to Write to Sell and be a Self Publisher” and “International Business Made EZ”.

We include the “Self Fulfilled Writing and Self Publishing Course” because there are two reasons to write, when you have something to say or when you have something to sell.  In this day and age many of us want to do both, make a statement that makes the world a better place and earn something extra in the process. 

Whatever your passion, however you do business, chances are you’ll be writing either to create a product or to sell a product. 

You save more than $598 because you also receive a recorded webinar conducted by our webmaster David Cross (at no extra cost).

David-cross-images tags:"2012-4-20"

David Cross

David has been our webmaster since our website began in the 1990s.  He is Merri’s and my business partner. We could not run our business as we do without him.

Learn the tactics we use in our web business that condenses 27 years of practical experience about search engine optimization, and writing for search engines.

For the last 27 years David has worked with companies large and small – IBM, Agora Publishing, AstraZeneca and many small business owners.  He has worked in 22 countries, and lived in six of them.

David’s clients span the globe and represent companies and charities both large and small.  From corporate giants to small, one-woman businesses and everything from finance, healthcare, publishing, technology, real estate, veterinarians, alternative health centers and everything in between.

David is an essential part of our web based business.

Myles Norin, CEO of Agora, Inc.  wrote:  “I have found David’s knowledge and experience unmatched in the industry.  Without David’s expertise and guidance for the past 7 years, we would not be nearly as successful as we are.”

As Senior Internet Consultant to Agora Inc. in Baltimore, MD, he worked closely with Agora’s publishers and marketers and – over a 7-year period – helped to propel Agora’s online revenues from around $20 million to well over $300 million.

David’s webinar will help you gain benefits in your micro business that large internet marketing companies use.  In this practical recorded workshop you will learn valuable skills to help your micro business.

There has never been a time when the opportunity for small businesses abroad has been so outstanding.  Expand your borders now!  Increase your economic security freedom, independence and success.

If you are not fully satisfied that this offers you enormous value simply email us for a full refund within 60 days.  You can keep all three courses as our thanks for giving our courses a try.

You also receive a report  “How to use Relaxed Concentration to Brainstorm Business Ideas” and a recorded workshop “How to Become and Remain Rich With Relaxed Concentration” at no additional cost.

Plus you get more in the program.

You receive regular writing and self publishing updates for a year.  Businesses usually need to evolve.  Merri and I continue to publish and have our independent businesses.  Some basics have remained for decades, but new strategies occur all the time throughout the year.  We’ll be sending along updates that share our most recent experiences as we learn and continue to grow our international micro business from Smalltown USA.

My special offer to you in this “Live Well and Free Anywhere Program”, is that you receive:

  • “International Business Made EZ” course
  • “Self Fulfilled – How to Write to Sell” course
  • Video Workshop by our webmaster David Cross,
  • The entire weekend “Writer’s Camp” in MP3,
  • MP3 Workshop “How to Gain Added Success With Relaxed Concentration”
  • Any updates to any of the courses, workshops, reports or recordings for a year.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within the first three months for a full refund . 

Order “Self Fulfilled – How to Publish to Sell” and a quarter of update lessons $79.   Click Here.

Order “Self Fulfilled – How to Publish to Sell” and a full year of update lessons $299.  Click Here.      

See success stories from Self Publishers and a few who have attended the “Writer’s Camp” that you will receive on MP3.

 

 

 

 

Forget Gold


Forget gold in Fort Knox as a safe guard to the dollar.   This is why it makes sense to invest in real estate commodities and gold.

A reader sent me a note asking if  an email sent by EscapeArtist on behalf of Wall Street Daily saying “Fort Knox is Empty (the Gold’s Missing)” is true.

I replied that I have no way of knowing but frankly this does not matter.  The gold that is or isn’t in Fort Knox would not be anywhere close to enough to secure the obligations of the US… so it really matters not.

According to Wikipedia “The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located adjacent to Fort Knox, Kentucky, used to store a large portion of United States official gold reserves and occasionally other precious items belonging or entrusted to the federal government.

The United States Bullion Depository holds 4,578 metric tons (5,046.3 short tons) of gold bullion (147.2 million oz. troy).”

At $1,400 an ounce Fort Knox has gold (if it is there) worth 205 billion 800 million dollars.

That looks like this $205,800,000,000.

According to the US National Debt Clock the the US national debt is over 16.7 Trillion dollars.

That looks like $16,700,000,000,000

compared to         $205,800,000,000

Also according to the US National Debt Clock The National Debt has continued to increase an average of $1.98 billion per day since September 30, 2012!    At that rate it takes only about 100 days to rack up debt worth all the gold in Fort Knox.

This is why we have focused on helping readers invest outside the US dollar.

Rather than worry about something we can do nothing about… that would be meaningless even if we could, create a better lifestyle by finding your purpose and taking the next step on that path.

If the collapse of your currency is a concern, rather than worry about what the government will do or has done… make your own plans to prosper and protect yourself.

Buying gold and other precious metals by the way is now easier than ever before.   Asset Strategies International as created a Precious Metals Direct (ASI PMD) program.  This is a state of the art, online platform for purchasing precious metals using an efficient, secure and cost-effective method to take delivery and/or store your precious metals in Zurich, London, Melbourne, Singapore, New York City or Salt Lake City.

See details of the Precious Metals Direct (ASI PMD) program here.

Rich Checkan of Asset Strategies International will give a precious metals update at our October 4-5-6 North Carolina seminar.

Gary

Multi Currency Value Investing Seminar

Old Accord Creates New Profits – Multi Currency Investments.

Earn more with multi currency stock market breakouts.

Improve Safety – Increase Profits

Learn how to improve the safety of your savings and investments by selecting good value and diversified investments in a multi-currency portfolio.

Few decisions are as important to your wealth as the value of the markets and currencies you invest in.  This has been our area of expertise since the 1970s and we have worked with and advised some of the largest currency traders in the world.

Gain Protection First – Against the Dollar’s Purchasing Power Loss.  In 1913 the The Federal Reserve Act created the Federal Reserve Bank to protect the purchasing power of the US dollar, which has since lost about 94% of its purchasing power.  Here is its price compared with gold since 1900.

priced in gold

Dollar chart from pricedingold.com (1)

The Fed has let the dollar lose most of its strength plus has allowed interest rates to fall so low, that safe investments cannot keep pace with the drop in purchasing power.

multi-currency-chart

Chart from Grandfather Economic Report (2)

Many investors have forgotten about the risk of a falling dollar because the greenback has been strong for the past five years.  This temporary dollar strength came after the great recession of 2009 just as there was temporary dollar strength after the great recession of the 1980s.  Then about six years after the recession, an agreement was made by major governments to weaken the dollar.

There was a severe global economic recession affecting much of the developed world in the late 1970s and early 1980s.  The United States and Japan exited the recession relatively early, but high unemployment would continue to affect Europe and the UK through to at least 1985.  As a consequence between 1980 and 1985, the US dollar had appreciated by about 50% against the Japanese yen, Deutsche mark, French franc and British pound, the currencies of the next four biggest economies at the time. Then the governments reached an agreement and exchange rate values of the dollar versus the yen declined by 51% from 1985 to 1987.

Now the world is again in the same place.  The recession is over.  Europe is a bit behind in recovery and the dollar is higher than before the recession.

There is no reason for the greenback to be  strong.

The agreement in 1985 was called the Plaza Accord.   Over just two years the greenback dropped nearly 50% versus other major currencies.  The next accord will generate great profits for those who know what to do while it ruins the purchasing power of dollar back investments.

The strong US dollar and low interest rates have created one of the biggest stock and multi currency breakout opportunities in history.  Learn how to create a plan to profit from multi currency shifts ahead.

One reason for the potential gains is that stock markets and currency values are cyclical.  Due to low interest rates created by the 2009 economic downturn, the US and a few other equity markets have risen to some of their highest prices, ever.  These markets offer very poor value now.  The steep valuation creates incredible profit potential but also hides some enormous risks.  Learn how to develop an investing strategy based of earnings, cash flows, dividends and book values to increase potential for profit and reduce the risks.

Next Extra Profit Created by Value Breakouts

Over the history of US equity markets, the  price of overall markets have risen about 9.1 percent, respectively, compounded annually.  Yet over more than a hundred years of stock market activity,  a majority of the profits have come from just a very few dramatic breakouts.

Equity markets are ruled in the short term by emotions that create unpredictable ups and downs.  Numerous fears of defaults, worries of double dip recessions, high unemployment, concerns about fiscal cliffs, hold investors back.  Yet global population growth and advances in production and prosperity are relentless economic fundamentals that increase value.

When fear holds back a a fundamentally rising value, rising profit potential grows.  Values increase as prices stagnate.  Then markets break free and rocket upwards creating wealth, prosperity and growth.

Find out which breakouts are likely to take place next.

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 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 create war.

Here is the war stock cycle.  Military struggles (like the Civil War, WWI, WWII and the Cold War: WWIII) 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.

Learn how the Cyber War (WWIV) may change the way we live and act and how this will affect currencies and investments.

Learn:

* 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), but 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 outperformance 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.  Buffett leverages his portfolio at a ratio of approximately 1.6 to 1.  This rate of expansion by the way is called the “Golden Ratio”.  It is a mathematical formula that controls the growth of most natural things; trees, the shape of leaves, the spiral of shells, as well as the way economies and societies grow.

We’ll sum the strategy, how to leverage cheap, safe, quality stocks and for what period of time based on your 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 (almost) years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.

Enjoy investing more with slow, worry free, good value investing.  Stress, worry and fear are three of an investor’s worst enemies.  These are major foundations of the Behavior Gap, a trait exhibited by most investors, that causes them to underperform any market they choose.  The behavior gap is created by natural human responses to fear.  The losses created by this gap grow when investors trade short term under stress.

Learn how to put meaning into your investing by creating profitable strategies that combine good value investments with unique, personal goals.

Learn how to span the behavior gap.  Behavior gaps are among the biggest reasons why so many investors fail.  Human evolution makes fear the second most powerful motivator.  (Greed is the third.)  Fear creates investment losses due to behavior gaps.  Fear motivates us more strongly than desire.  By nature investors are risk adverse, when they should embrace risk.  Purpose is the most powerful motivator,  stronger than fear and greed.  One powerful way to overcome the behavior gap is to invest with a purpose.

Combine your needs and capabilities with the secrets and the math of our good value model portfolio.

Share ideas about my good value portfolio.  My personal investment portfolio comes from a continual analysis of international stock markets and a comparison of 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.

Markets included in this portfolio are:

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

These markets have been chosen based on four pillars of valuation.

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

Learn how to use Country ETFs to easily construct a diversified, risk-controlled, equally weighted representative country portfolios in all of these good value countries.

To achieve this goal my portfolio consists of Country Index ETFs that track an index of shares in a specific country.  These country ETFs provide diversification into a basket of equities in the good value countries.  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.

This is an easy, simple and effective approach to zeroing in on value because little 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 stock in that country is an attractive investment, so you do not have to pick and choose shares.  You can invest in the index which is like investing in all the shares in the index.  All you have to do is invest in an ETF that in turn invests passively in all the shares of the index.

Learn 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 a test.

The Test for Low Cost Trading

Research put every part of this portfolio in place, except knowing the best, easiest and least expensive way to buy.  A search for an optimal way to buy and hold boiled down to two methods.  One tactic to test was to use a unique online broker that appeared to offer the lowest cost deal.  The other approach was to use a community bank in Smalltown USA.  The small town bank that I use looks after my 401K trust account and their service is first class.  The benefit of small banks is that they still treat us as a human beings (instead of a number) and when we need, it’s easy to go right to the top to answer a question or get a problem resolved.  There are no call centers and the bank and the person looking after my account is just around the corner.

I created a test to see which offered the least expensive service.

Working with my banker in Smalltown USA,  I created two accounts, one at the online broker and the other at the bank. I placed $40,000 in each.

I set up the order for the country ETFs online, while my trust manager set up orders for the identical amounts of the same shares in his system.  Then we got on the phone, coordinated our timing and on a count of three each pushed the button “BUY”.

The results of this test  show how you can gain on any purchase of country ETFs.

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.

Your subscription will be charged $299 a year from now, but you can cancel at any time.

Gary

 

Gary

(1) Dollar chart from pricedingold.com

(2) Grandfather Economic Report

 

How to Spot Purchasing Power Value


Investing value is in the end all about purchasing power.  Good value enhances future purchasing power.

This note from a reader stimulates thoughts about value. Gary… brutal negative metals action taking place. crude as well to some extent. silver just broke 23.50 and gold dropped 9% down to 1360 the sharpest drop since 1983. This begs the question: is this an indication that something major is about to happen?

kitco.com gold chart

My reply:  One of our investment foundations is that periods of high performance are followed by periods of low performance.

I was a huge gold and silver bug in the 1970s and learned many lessons… luckily to the positive.  The biggest lesson was that gold’s price is pretty unpredictable in the short and medium term.  Based on that I sopped investing in gold.  The activity in gold appears to me to be similar to the metals action in the 1970s-early 80s and could just well be a pattern where human nature pushes a price way too high and then way too low.

Take a look at the Kitco long term chart of gold chart above and see how the run up, the double peak at a high and the peak down from the 80s crash is somewhat similar to the 1970s run up, peak and crash.  If this theory holds true… then we should expect a deep correction on gold and for gold’s price to remain extended.   Since this is such an extended cycle and because US price controls mask the previous cycle we might not know better for 30 years.   So I accumulate my gold as insurance and hope I’ll never need it and will be lucky enough to pass it onto my children.

Having tracked gold for over 40 years I have seen and heard it all.  My conclusion is that gold should be held as insurance and as a store of long term purchasing power protection.

If you want to hold gold outside the country where you live or in a safe place check with ASI Precious Metal Direct.  Or call  877-339-8472.

Stocks Have a More Predictable Value

Share prices can be compared to their history as can gold… but then one can also examine share prices versus return on investment, yield, price earnings and price to cash flow.

This is why we track the global share analysis of Keppler Asset management.

Here is the spring 2013 value update for developed equity markets around the world.

The best way to invest globally is to invest in countries that offer the best equity value.  This is why once a quarter we look at a major and emerging equity market valuation analysis by Michael Keppler.  Michael’s firms are the best when it comes to value analysis of stock markets.

Here is an update on the values of major stock markets as of April 2013 by Keppler Asset Management.

Fwd: keppler

Michael Keppler

If you are a new multi currency subscriber learn about Keppler Asset Management here.

Recent Developments & Outlook

The above-average total returns in Global Equities from 2012 carried over into the New Year. The MSCI World Total Return Index (with net dividends reinvested, December 1969 = 100) finished the first quarter up +9.8 % in local currencies), up +7.7 % in dollars and up +10.6 % in euro respectively.

Over the last 15 months, the MSCI World Index was up 27.0 % in local currencies, 24.8 % in US dollars and 26.1 % in Euros.

The Euro lost 2.6 % versus the US dollar in the first quarter and, at the end of March, stood at 1.2841 (USD/EUR), down 1.1 % compared with its level of 1.2982 at year-end 2011.

Twenty-one markets advanced in the first quarter, three markets declined. Japan (+21.4 %) had the highest return, followed by Greece (+17.1 %) and Ireland (+15.6 %). Italy (-7.4 %), Spain (-3.1 %) and Austria (-2.1 %) – the only three developed markets with negative returns – performed worst last quarter.

Over the last 15 months, Belgium (+53.6 %), Japan (+47.6 %) and Denmark (+38.4 %) performed best, while Israel (-3.1 %), Spain (-1.7 %) and Italy (+2.6 %) came in last.

Performance is in local currencies, unless mentioned otherwise.

There were no changes in our performance ratings last quarter. The Top Value Model Portfolio now holds the ten “Buy”-rated markets Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom at equal weights. According to our analyses, a combination of these markets offers the highest expectation of long-term risk-adjusted performance.

The table below shows how the Developed Markets Top Value Model Portfolio compares to the MSCI World Index, the Equally Weighted World Index, the MSCI Europe Index and the MSCI US Index as of March 31, 2013 based on selected variables (current numbers for book value; 12-month trailing numbers for the other variables – no forecasts).

keppler value assessment

Global equities continue to be attractively valued compared with current and historic valuation ratios and rates of return.

The chart below shows the entire real-time forecasting history of Keppler Asset Management Inc. for the Equally Weighted World Index.

Our numbers are based on relationships between price and value over the previous 15 years. The chart includes two remarkable episodes: the five-year period (1997-2001) during which the Equally Weighted World Index stayed above the upper valuation band and the period starting in October 2008, when the Equally Weighted World Index fell below the lower valuation band, where it has stayed ever since.

Our implicit three-to-five-year projection indicates that the Equally Weighted World Index is expected to rise to 12,112 from its current level of 7,483 in three to five years for a compound annual total return of 12.8 % in local currencies – down from 13.6 % last quarter.

The upper-band estimate of 14,535 by March 31, 2016 implies a compound annual total return of 18.1 %, while the lower-band estimate of 9,690 corresponds to a compound total return of 6.4 % p.a.

keppler value assessment

Growth rates of important fundamentals have stabilized last quarter. Annual book value growth for the Equally Weighted World Index in local currencies is up from 6.8 % at year-end 2012 to 8.5 % as of the end of March. Earnings growth went from 1.3 % at the end of last year to 2.1 % and annual Cash Flow and Dividend growth at the end of March stood at 4.8 and 2.8 %, respectively. With fiscal policies becoming more restrictive in many countries, the arguments for rising stock prices have not changed lately. They focus on (1) a continuation of monetary easing, (2) opportunity costs, i.e. the lack of investment alternatives – basically all major asset classes (commodities, precious metals, real estate and, most of all, bonds) have seen major bull markets since the beginning of this century, and (3) an expansion of valuation multiples for common stocks. In January (Developed Markets Country Selection, Winter 2013) I pointed out that the process of multiple expansion is underway. This trend has now continued in the first quarter 2013. The price/earnings ratio of the Equally Weighted World Index bottomed in September 2011 at 10.8 and had moved up to 14.2 by December 2012. Its latest reading at the end of March was 15.5.

Michael Keppler New York, April 12, 2013

Multi Currency subscribers can see the entire 85 page report that values all developed stock markets as of April 2013 in our Borrow Low-Deposit High – Multi Currency Update.

Subscribers to Borrow Low Deposit High Multi Currency Report click on your password protected page here.

Enroll as a subscriber Order “Borrow Low Deposit High – How to Use the Multi Currency Investment Sandwich. $79”

The best way to protect purchasing power is to have the ability to earn.  Learn how to earn by writing to sell.

Seven P Secrets of Self Publishing

When you write, you can work anywhere. 

gary-scott-image

Here I am working poolside in the winter, at our Florida farm.

gary scott

Here I am with our hound Ma, working during the summer at our North Carolina farm.

Learn how to earn everywhere, while living anywhere you choose.  I have been able to earn by writing in Hong Kong, England, the Isle of Man, Dominican Republic and Ecuador to name a few of the place I have lived.  Everywhere I have been… too numerous to share here, I have been able to work.

All I need is my laptop.

That’s all you need too… a laptop to be free!

Before computers, a pencil and pad did the job.

Freedom is just one benefit you can gain from writing.

Another benefit is income.   Writing has brought me both our farms, free and clear… plus a lot more.

Another good example of earning potential is my friend Hugh Howey.   He was working for $10 an hour in a book store when he self published his novel Wool, typing in a storage room during his lunch breaks.

Soon he was earning over $100,000 a month on Amazon.com.  This helped secure a six-figure book deal from Simon & Schuster, and an option for film by Ridley Scott, director of Blade Runner and Alien.

That’s what he’s doing now.

Hugh Howey

Sometimes Hugh and I get together at my  farm and play chess (he beats me badly).

Writers like High are great inspirations.

A couple of years ago Hugh  left Florida, and moved to South Africa.  He had a sailing catamaran built for him and now can sail the world while he continues to write.

Hugh explained it like this: And that’s the miracle of working as a writer: I can do it from anywhere and everywhere. The past few years, I’ve done a lot of writing from airplanes and airports while on business trips abroad.  SAND was entirely written overseas while traveling through seven different countries; I think it’s a better story because of those inspirations.  In upcoming years, I may be writing near your home port.

Hugh’s a super star writer and his success could not happen to a more deserving and talented person.  He pours enormous energy into being worthy of his readership.  But you do not have to be a million dollar a year earner or a traveler to benefit from writing.

The good news is… you do not need a huge success to have a rich and fulfilled lifestyle.  Self Publishing can bring you a life that most people only dream of, as a journeyman writer, instead of a super star.

May I hastily add that the path to stardom begins as a journeyman… so the journeyman’s path brings success without stardom… but can also lead to stardom.

What most success stories like Hugh’s rarely explain is the many hours of writing that was devoted before their self published book sales soared.   Hugh, like most writers were journeymen first.  Stardom came later.

Here are sevens secrets that can help you become a journeyman writer. 

The secrets are a writer’s armory of tools that allows almost anyone to create successful publications for income, freedom and fulfillment.

Take Merri’s and my publishing business as an example.  

Merri and I are not writing stars.  We are journeymen who have for more than 40 years, year in and year out, earned solid income writing and self publishing dozens of publications about multiple subjects.

Some years that income has been more than solid… over a million dollars.  Yet in terms of stardom, we are hardly known.

In a moment you’ll see why that’s fine for us and probably will be for you too.

First some history.

Merri became involved in self publishing over 40 years ago… first helping a veterinarian publish a book on a very specific market… animal acupuncture. Then she showed a needle point artist how to sell more books to an even more specific audience… “needle point enthusiasts”  about her needle point work to an audience larger than the population of the city she lived in.  This led Merri to eventually become Executive Editor of an award winning magazine in Florida.

My story allowed Merri and me to work and live from Hong Kong to London to Europe to Eastern Europe, then the Caribbean and then Ecuador… making millions in the process of following our adventures… having fun… while helping a large readership adapt to a rapidly changing world.

That’s what self publishing can bring, profit, adventure and fulfillment, a great feeling of worth and wonder.

Self Publishing has created exactly the lifestyle we desire allowing us to span the world and work with meaning and purpose.

Self Publishing has become a new business art form. 

The seven secrets can help you start your own self publishing business now.

Everything in publishing is new and exciting and changing.  Publishing is being recreated by the wonderful power of destructive technology.

Everything is new… except the seven secrets. 

Change in the publishing industry is disturbing many.   We love this evolution due to these seven secrets we call the 7Ps.  The 7 Ps are so fundamental to writing and publishing that new technology enhances rather than reduces their power.

The First P is Passion.

Whatever your passion, you can immerse yourself in it AND create income with self publishing.  This can be your direct ticket to the kind of fulfillment you’ve always wanted.

Whether you want to travel the world or live as a recluse, work 12 hours a day or not work much at all,  you can set your schedule to succeed, if you’re willing to learn these seven secrets.

You can start part-time with any dream, passion, and budget.  Once you’ve created a product, you’ll enjoy the “multiple effect” of producing profits over and over again.

So the question is… What do you love to do?

What’s Your Passion:  An example is that thirty years ago, a client of Merri’s had a passion to help people who were in pain?  He published a series of pamphlets explaining various chiropractic disorders in very simple terms.  For example: “What Is Whiplash?”

The pamphlets contained solid information, but were simple 5″ x 7″ brochures with drawings and explanations. He sold them with a rack to chiropractors, who put them in their offices for patients to read.  These little self-published items sold year in and year out for decades.

There are thousands of ideas of this sort that can lead to big business.  It’s just a matter of defining and then acting on your passion.

Although I can work when I please and go where I wish, for me the most important reason for being a publisher is the satisfaction it brings. 

I love the projects I take on, so work doesn’t feel like, well… work.

What do you love?  If you love golf, then you can write and sell publications about golf.  Love travel, fishing, dogs, dolls, or art?  Write and sell publications in these fields.

Are you concerned about crime, war, poverty or environmental issues?  You can publish information products that help reduce these concerns.

Would you like to help the world be a more spiritual place?  Publish a newsletter, write a book (or hire someone to write it for you), record a tape… publish something that enlightens people.

Whatever your passion, you can immerse yourself in it and earn income by publishing for ereaders, print on demand, CDs, lists, bound books, or any format you choose.

Be immersed in your passion and get paid well for it. 

This is why stardom is not the main goal for most writers and self publishers.  Extra income, more freedom and fulfillment are usually more than enough enough.

The seven Ps are:

#1: Passion

#2: Problem

#3: Person

#4: Profitably Priced Product

#5: Prospecting Pathway

#6: Promise

#7: Presentation

The first time I exposed others to the secrets in Self Publishing was in a weekend “Writer’s Camp” seminar.  We offered the camp for $1,500. 80 delegates enrolled.  People from all walks of life attended—chiropractors, businessmen, investors, doctors, realtors, inventors, airline pilots, engineers, and housewives.

Merri and I were so overwhelmed by the response, we decided to make it available to a larger audience.  We created a written course based on our current self publishing activity called “Self Fulfilled – How to be a Self Publisher.”  Then we recorded the weekend “Writer’s Camp” seminar.

Thousands have used the course as it has evolved over the decades.

You can receive both the written course and the recorded weekend seminar, in an MP3 file, in a special “Live Well and Free Anywhere” program I am making available to you.  The normal fee is $299 for the written course and $299 for the recorded workshop.   I’ll send you both the course and the recorded workshop and my course “International Business Made EZ (also $299) all for $299.  You save $598.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within 60 days for a full refund .

These courses are not theoretical.  They describe, step-by-step, how Merri and I built a million-dollar international business and how we are running this self publishing business right now.   We use the 7Ps today just as we did four decades ago to create a strong annual income.

This correspondence course is for those who would like their own international self publishing micro business for fun and profit. If you want fun, freedom, extra income and fulfillment with your own full or part time writing or want to build your existing business, by writing to sell you can profit from this course.  The course can help who want their own business or who want to have a business together or a family business.  This is the perfect course for those who can no longer find employment, who are looking for ways to earn abroad and who wish to retire and supplement their income.

Whether you are retired, an investor, chiropractor, doctor, dentist, professional or already own your own business, this offers another way to make money, to turn your passion into profit. We guarantee that we have shared all we know to help you start and run your own international business.  Enjoy and live a life of following your Passion to Profit… through writing.

Here is a special offer. 

We provide two emailed courses  “Self Fulfilled – How to Write to Sell and be a Self Publisher” and “International Business Made EZ”.

We include the “Self Fulfilled Writing and Self Publishing Course” because there are two reasons to write, when you have something to say or when you have something to sell.  In this day and age many of us want to do both, make a statement that makes the world a better place and earn something extra in the process. 

Whatever your passion, however you do business, chances are you’ll be writing either to create a product or to sell a product. 

You save more than $598 because you also receive a recorded webinar conducted by our webmaster David Cross (at no extra cost).

David-cross-images tags:"2012-4-20"

David Cross

David has been our webmaster since our website began in the 1990s.  He is Merri’s and my business partner. We could not run our business as we do without him.

Learn the tactics we use in our web business that condenses 27 years of practical experience about search engine optimization, and writing for search engines.

For the last 27 years David has worked with companies large and small – IBM, Agora Publishing, AstraZeneca and many small business owners.  He has worked in 22 countries, and lived in six of them.

David’s clients span the globe and represent companies and charities both large and small.  From corporate giants to small, one-woman businesses and everything from finance, healthcare, publishing, technology, real estate, veterinarians, alternative health centers and everything in between.

David is an essential part of our web based business.

Myles Norin, CEO of Agora, Inc.  wrote:  “I have found David’s knowledge and experience unmatched in the industry.  Without David’s expertise and guidance for the past 7 years, we would not be nearly as successful as we are.”

As Senior Internet Consultant to Agora Inc. in Baltimore, MD, he worked closely with Agora’s publishers and marketers and – over a 7-year period – helped to propel Agora’s online revenues from around $20 million to well over $300 million.

David’s webinar will help you gain benefits in your micro business that large internet marketing companies use.  In this practical recorded workshop you will learn valuable skills to help your micro business.

There has never been a time when the opportunity for small businesses abroad has been so outstanding.  Expand your borders now!  Increase your economic security freedom, independence and success.

If you are not fully satisfied that this offers you enormous value simply email us for a full refund within 60 days.  You can keep all three courses as our thanks for giving our courses a try.

You also receive a report  “How to use Relaxed Concentration to Brainstorm Business Ideas” and a recorded workshop “How to Become and Remain Rich With Relaxed Concentration” at no additional cost.

Plus you get more in the program.

You receive regular writing and self publishing updates for a year.  Businesses usually need to evolve.  Merri and I continue to publish and have our independent businesses.  Some basics have remained for decades, but new strategies occur all the time throughout the year.  We’ll be sending along updates that share our most recent experiences as we learn and continue to grow our international micro business from Smalltown USA.

My special offer to you in this “Live Well and Free Anywhere Program”, is that you receive:

  • “International Business Made EZ” course
  • “Self Fulfilled – How to Write to Sell” course
  • Video Workshop by our webmaster David Cross,
  • The entire weekend “Writer’s Camp” in MP3,
  • MP3 Workshop “How to Gain Added Success With Relaxed Concentration”
  • Any updates to any of the courses, workshops, reports or recordings for a year.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within the first three months for a full refund . 

Order “Self Fulfilled – How to Publish to Sell” and a quarter of update lessons $79.   Click Here.

Order “Self Fulfilled – How to Publish to Sell” and a full year of update lessons $299.  Click Here.      

See success stories from Self Publishers and a few who have attended the “Writer’s Camp” that you will receive on MP3.

 

Pivotal Week – Forex Turmoil – Last Day


The last seven days have been a pivotal week that could create global currency turmoil.

Global economic tension has been building for 40 years as US and Western European economies increased debt,  saw their populations age and created huge, unfunded future obligations in pensions, medical care. This all took place as the rest of the world industrialized offering low cost labor.   Technology that diminished time and space allowed this evolution but also broke apart family ties and caused a disintegrating, global social cohesion.  The same technology that connected the world and delivered low cost goods from afar also altered the terrain for terrorism… revolution and internal strife.

All the events over four decades have brought global economic temperatures to a boil.  Now two flash points threaten to create huge losses in the US dollar and euro’s purchasing power.  The first was the inability of Greece to meet its debt obligations.   The second flashpoint has been America’s debt ceiling and a Congressional inability to agree how to raise it and reduce debt.

I normally don’t stay up late but waited to see if Congress would reach an agreement so America’s ability to borrow will not run out.  They say they have, but this is not likely to solve the long term debt and dollar problem.

So what can we do?

Here are three tips on how to protect your purchasing power.

* Tip #1: Realize that even if the debt ceiling is raised, the underlying global economic problem is not solved.

A BBC article (see  link to full article below) last week entitled “Apple holding more cash than USA” says:  Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple’s most recent financial results put its reserves at $76.4bn (£46.9bn).

The US House of Representatives is due to vote on a bill to raise the country’s debt ceiling, allowing it to borrow more money to cover spending commitments.

If it fails to extend the current limit of $14.3 trillion (£8.7tn) dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.

The United States is currently spending around $200bn (£122bn) more than it collects in revenue every month.

This is the crux of the economic problem… in more countries than just the USA… there is spending more than it collects every month.

History suggests that in a democracy… once this pattern sets in… once citizens become hooked on passing personal responsibility to their government, a recovery is very hard. Take Greece for example… on its knees financially… yet the public riots when the government tries to cut back.  This the problem in the US right now. This is human nature.  When austerity is called for… after a period of extreme abundance via borrowing no one wants the party to end.   Everyone wants others to be austere.

What to do about tip #1.  Watch for a dollar rally.   If the dollar strengthens… due to relief created by increased US debt… the strength will be temporary.  Sell the US dollar. Buy gold and currencies in strong countries as they drop versus the dollar.

* Tip #2:    Trade Currencies. Thomas Fischer explains why in his latest Money & More missive entitled “Ugly Betty!”

Ugly Betty! by Thomas Fischer

currency-charts

I have been involved in the currency markets since 1978, when I was first appointed as a foreign-exchange trader in the Danish bank I had joined as a student in 1975. Since then I have served as a trader, broker and now as an investment manager. Here are some of the most important lessons I have learned.

When President Nixon took the U.S. dollar off the gold standard in 1971, he ended the existing foreign-exchange system (the Bretton Woods Accord) and thus set the stage for freely floating currencies. Back in 1978 when I began trading, almost all currency trades were between financial institutions – the so-called Interbank Market. Retail investors were not part of the equation. Currency trading as we know it today did not exist until the late nineties, when internet-based platforms made trading currencies possible for practically anyone.

In 1999 when the electronic euro was introduced (coins and notes followed in 2002) some 1.5 trillion dollars worth of currencies changed hands every day. Many people expected this number to drop, as the 12 countries of the European Union locked their exchange rate to the euro. However, the opposite occurred. Foreign-exchange transactions have soared to 4 trillion dollars a day. This is substantially more than all the wealth that is exchanged on all of the world’s stock markets.

Initially, Greece was not seated at this table. They became a participant in 2002 thanks to faking their deficit figures and a little sub rosa assistance from Goldman Sachs. Today the euro is the sole currency of 17 EU member-states. Although my country, Denmark, is a member of the EU, we still use the Danish kroner, not the euro. Danish voters rejected the euro in a referendum in 2000.

When trading in the euro was first possible, on January 1, 1999, the euro traded at 1.19 to the U.S. dollar.  In October 2000, it hit its all-time low against the USD (at least for now) at 0.8230. The high was set in August 2007 at 1.6038. The following chart shows how much volatility there has been in the euro-dollar ratio:

currency-charts

Source: Jyske Markets

Today, with some periphery euro zone members in debt turmoil, and the United States fighting widening trade and current account deficits, selecting the “best” currency to buy has become a reverse beauty contest. The goal is to choose the least ugly one.

Currencies are about relative fundamentals (that is, comparing each one to another) and not absolute values. This is actually fortunate for those of us whose job it is to trade them. Otherwise, it would be almost impossible to find an attractive currency to purchase today. Of course, with so many ugly currencies out there, it is no wonder that gold has been rising against all of them.

Thanks to new austerity measures in Greece, followed by yet another IMF/EU bailout, it appears that the Greece day of reckoning has been delayed yet again. Thus, in the contest to find the least-ugly currency, it seems as if the euro may once again be the winner.

The U.S. dollar is still the most widely held reserve currency in the world. About 60% of all reserves globally are in dollars. However, this is changing rapidly. A few years ago that number was over 70%. The euro has gone from 15% of such reserves, when it was introduced in 1999, to about 25% today. This is quite a big shift and we expect the trend to continue.

U.S. politicians want the Chinese to revalue their currency and make it freely floating. I would caution them to be careful what they wish for; a freely floating reminbi, together with an open Chinese securities market, would make the reminbi an obvious alternative as a reserve currency. It will probably take another five to ten years for that to happen, but it will happen.

When that day comes, the dollar will still be important (and probably still a reserve currency), but not to the extent it is today.

Currency trading is a zero sum game. For every winner there must be a loser. For me to make money on a trade, someone else must lose money. As it happens, the vast majority of participants in the currency markets are not seeking a profit; rather, they are seeking liquidity. These “losers” are central banks, companies hedging currency exposure, international bond and equity investors, and tourists.

Believe me, there are plenty of “chips” left on the table to tempt active, currency traders to try to win some of them for their clients. The bond and equity markets hate volatility and uncertainty, whereas the currency market enjoys greater profit potential when volatility rises. Currencies thus offer an excellent diversification for investors in times of uncertainty.

Here at Jyske Global Asset Management, we trade currencies in all of our managed portfolios. Last year we took this one step further, by introducing a pure managed currency portfolio. We trade in currency pairs, buying one and selling another as we look for “Ugly Betties” to add to our clients’ profits.

There is no question that currency trading can be an attractive choice from a diversification point of view. But in my opinion it is best left to the professionals, as it has to be watched 24/7. As the old commercial for Greyhound used to say, “Leave the driving to us”.

currency-charts

We have been travelling extensively in the US in 2011 and still have several trips pending. You can follow all our future trips on our webpage www.jgam.com/events  and of course always book us for a meeting should we be in your vicinity.  Thomas Fischer

Three things you can do about Tip #2:

1) Visit JGAMs web page at http://jgam.com

2) Learn about multi currency investing with our Multi Currency Portfolios Report.

3) Invest in either a commodity currency or emerging currency ETF.  You can learn more about ETFs from Morgan Hatfield at Ruggie Wealth Management at mhatfield@ruggiewealth.com

Tip #3: Have a portion of your total assets allocated in precious metal, both offshore and readily available.

Learn more about this from Rich Checkan and Asset Strategies International.

One the subject of forex trading and gold we have interviewed Thomas Fischer JGAM Senior Vice President about multi currency diversification and Rich Checkan of the precious metals dealers Asset Strategies International.

You can hear both recent interviews on where to invest globally now.  Order here $9.99.

Global economic tension has been building for 40 years as US and Western European economies have increased debt. The fiscal rebalancing taking place now will cause economic pain to those who are not prepared. Precious metals, forex trading and commodity and emerging market ETFs can bring profits as the purchasing power of many other investments fall.

Gary

Join Merri and me as we look at ways to fight international economic  turmoil in the year ahead.

Since the best way to maintain purchasing power is a refined ability to serve, we have started a program to help our readers create their own micro business working with these businesses as introducers, dealers and distributors.

What a match… tens of thousands of readers, many wanting to earn globally… meeting some great… really unique global businesses tied together with our communication system that can bring all this: training…. communicating and networking.

We are starting with these five businesses first.

#1: Jyske Global Asset Management  (JGAM)
#2: Bio Wash
#3: Candace Newman Essential Oils
#4: Roses
#5: Ecuador Imbabura Export Products

After attending our International Business and investing seminar on October 7-8-9, you will be qualified to enroll for the introducer, distributor and dealer programs above and any others we develop. 

Enrolling in any of our online business development courses and attending one seminar provides full qualification to apply for all programs we provide for a year.

International Business Made EZ ($299)

Self Fulfilled – How to be a Self Publisher ($499)

Event – Full How to Earn With  Your Own Seminars ($349)

Plus three or four times a year we conduct our International Investing and Business seminar that updates all the data in these courses.

Enrollment for our October 7-9 North Carolina Course click here for details.

We have now connected our many contacts with unique global businesses, with our online training and seminars so you can:

#1: Connect via our our online courses to here and now specific business opportunities.

#2: Keep in touch with other readers in the program, share business tips, ideas contacts and even website support in some instances.

Our first turnkey earning program is Jyske global Asset Management because our activities as publishers has a synchronicity with Jyske and JGAM.   We have been able to combine our training, communications and lead generation abilities with their financial organization.

Business is always a little more complicated when it entails financial products so we have created a beta program to develop this system.

A JGAM Introducer does not have to be a registered as an investment adviser but JGAM does have a due diligence requirement. JGAM will also expect a certain amount of introdcutions per year though this amount has not been determined… hence this beta offer.

JGAM pays a percentage of their fee to the Introducer up to a maximum 25% of their fee. This not only offers an excellent income generating opportunity but creates a potential long term income stream because JGAM keeps paying the fee as long as the client remains a client. Fees are paid on a quarterly basis.

There is also potential for growing long term income because JGAM pays the Introducer based on the total assets under management.  If a referred client makes additional payments, the referrer will be paid on the total amount.

For example if an Introducer refers a client who invests a minimum $100,000 and the annual fee is 2%, the referrer earns $500 per annum basic fee (as long as the customer remains with JGAM)… plus if the assets grow either through portfolio growth or added deposits… so too does the referrer’s fee.

We have set our first training JGAM training session for October 10, 2012.

This program will allow subscribers to any of our  online courses who have attended an International Business Made EZ seminar to become Introducer for JGAM.

We have been working with Jyske Bank for over 20 years and Jyske Global Asset Management, a Jyske Bank wholly owned subsidiary. We started talking to Thomas Fischer Senior VP about an referral program for some time.  Finally,we introduced this opportunity for the first time at our June 2011 seminar.  The response was overwhelming.

Jyske Bank employs a staff of about 4,000 and operates 116 Danish branches, which makes it the second largest independent Danish bank. They offer a full range of financial solutions to retail as well as small and medium-sized corporate clients.

We have always liked Jyske because they are one of Europe’s largest currency traders and offer very simple but sophisticated multi currency investing services.  They are one of Europe’s largest currency traders and dealers.

We have especially enjoyed our business relation with Jyske because being open and honest is one of the core values of the bank group. Traditionally, Jyske formulates and communicates its values – and the way they understand and live by them – to the surrounding world. They work hard offering shareholders, customers and employees balanced opportunity.

We especially like the fact that Jyske employees are not paid bonuses.  No multi million pay outs are in the system that might temp staff to distort earnings or take undue risks.

Here is how you can apply for this program.

To start as a Introducer,  there is first the compliance process with Jyske Bank.

Once that process is complete, our IBEZ system helps educate and assist Introducers.

First… once a Introducer has been approved by JGAM, and the Introducer has completed one of the online courses above and attended one of our  international investing and business seminars they can attend an exclusive training seminar at our farm.

We have a…

little-horse-creek

creekside…

little-horse-creek

seminar hall where…

little-horse-creek

unless the group grows too large, we’ll meet.   We’ll have lunch  on the deck looking over Little Horse Creek.

JGAM and our company conduct this one day intensive training for agents the day after each International Investing and Business seminar.

The first such seminar will be conducted Monday, October 10, 2011 immediately after our October 7-8-9 International Investing and Business Seminar in West Jefferson, North Carolina.

Part of the JGAM program is designed so we can assist Introducer by referring readers in their locale to them.  So for example if a referrer is in Miami, we will send special emails to our readers in that area, help organize mini seminars… etc.

We can zero in as close as 20 miles to a location so for example we can send a separate email to every reader within 20 miles of the address of an Introducer.  And although we won’t release the names in that area, we can send them a note of the opportunity.

We will also provide a Introducer communication forum and update training as well as portfolio and investing ideas.  We have general plans at this stage but find the best way to develop systems is to refine through action. We expect our beta program this year to clarify how we can best help our readers become referrers and how we can help them succeed.

Step one is to start the compliance process with JGAM.  Thomas Fischer  can send you the Introducer Questionnaire and Terms of Business.

Thomas Fischer’s email is fischer@jgam.com

This will begin the process of establishing a relationship with JGAM.  Once this relation is approved and verified, then you will be able to enroll in the referrer training.

You must complete one of the online business development courses above and attend an International Business and Investing Seminar to be eligible for the October training.

All of our readers are invited to enroll in an Online Course and our International Business and Investing Seminar at any time.

Satisfaction Guaranteed.  Three Guarantees.

There is no guarantee that JGAM will approve your application as a Introducer just because you enroll in the seminar or take the online course so we make two special guarantees.

First Guarantee. Regarding the online business course.  Enroll in this course. Take it and if you are not satisfied for any reason within 30 days… let us know and we’ll give you a full refund.

Second Guarantee. Enroll in our October 7-8-9 International Business & Investing Seminar.  I’ll send you a recording of the June seminar now so you better understand what these seminars are and how they help you.  If you are not happy with what you hear, let us know within 30 days and we’ll give you a full refund. You keep the recorded seminar as our thanks.

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Apple holding more cash than USA

New Gold Regulations Confirmed Q&A


We had many questions and comments this week, the first about new gold regulations.

#1: New regulations on buying gold.  Gold & Silver Warning – New Gold Confiscation Bill…

# 2: How to sell Ecuador real estate.

#3:  How much land is in a hectare.

#4: Warnings about pet chips.

#5: More pet travel contacts.

#6: Transferring money internationally.

#7: Ecuador massage update.

#1: New regulations on buying gold.  Gold & Silver Warning – New Gold Confiscation Bill…

gold

See our Gold summary 2011…click here.

An American living in Australia wrote: Gary See this data below.  If true, this does not look good in a ‘free society’.

He sent an article entitled “Prepare to give up all private data on gold purchases over $100” that says:
a bill proposed in Washington State (House Bill 1716) seeks to capture the name date of birth, sex, height, weight, race and addresses and telephone number of the person whom the person with whom the transaction is made.

I checked with our long time friend and precious metals dealer Michael Checkan who wrote:

Hey Gary:  There appears to be some validity here. Although, this action may be a result of the rip-offs by companies buying “scrap” gold and other precious metals. FYI, ASI does not buy “scrap” although we do have a second hand dealer’s license.

Michael received his data from the Industry Affairs Director of the Industry Council of Tangible Assets who wrote:

Yes, there indeed is something to this.  There is a bill that would require more than normal ID info on people selling items to dealers.  (Remember that second hand dealer and pawnbroker laws exist all over the country, so the “shocking” aspect that your article refers to is a bit over the top as pawnbrokers have much stricter requirements and have for many years.)  However, from what I recall, this bill would also require than a dealer can ONLY pay via check for items he buys over $100.

Brett Hallock originally called this to my attention and I forwarded this to Kathleen and Dan at Pinnacle Rarities in Washington state on Feb. 9th.  You may wish to contact them for any further information. The bill aims to make it harder for crooks to sell jewelry.

My comments: This appears to be a bill in Washington State only aimed at reducing the sale of stolen goods.

ecuador-ocean-view-real-estate

Here is the ocean view from this house.

ecuador-ocean-view

#2: How to sell Ecuador real estate. After seeing an advertisement for this beach view house for sale, a reader wrote:

Hi Gary: I own a 725 sq mt lot in Quito in Belisario, Quevedo area.  How do I go about  selling it? Before anything, do you need a power of attorney?  Can I have some escrow made so the buyer places the funds there, and then we  have the title  handed to them, knowing the funds are in place?

Do you have any idea of the price per sq mt. in that region?  We know you can build 6 story buildings now. It is close to the Ave America and Marianita de Jesus.  Somehow, we did not find any  listings for land in the web site ( we are retired, and are not good at navigating web sites.  Thanks.

I replied: Thanks for getting in touch about selling Ecuador real estate.  If you are not in Ecuador and have an attorney you trust,  give them a Power of Attorney to sell for you.  This avoids your having to journey to Ecuador… but you must be sure you trust the attorney!

You can get a list of attorneys we trust as an Ecuador Living subscriber. See details here.

When we sell land we have our attorney act as the escrow agent and hold our title to release only when funds are received.

Our Ecuador real estate advertising and multiple listing program is an effective way to develop real estate leads. The advertiser of the Crucita beach house wrote the day after the ad: “Gary I have been up since six am answering inquiries”!

Our Ecuador real estate ads may help you sell your Ecuador real estate since we have over  25,000 readers on our list and send an email every day.  We also help advertisers get high Google rankings.

For example we have had three advertisers selling Crucita beach property and on March 3, 2001 their ads ranked right at the top for phrases like “Crucita Beach House” and “Ecuador Beach View Houses.”  The ads at our two sites dominate the top rankings and have the #1, #2, #3, #4 and #5 rankings.

ecuador-real-estate-ad

Here an even broader phrase.

ecuador-beach-view-house

We do not sell real estate or charge commissions but our readers have purchased millions of dollars of real estate in Galapagos, Mindo, the Coast, Cotacachi, Cuenca, Vilcabamba and Quito. Ecuador real estate ads sent to our readers can be effective.

Another advertiser wrote:  “Dear Gary, Wanted to thank you for all of your help in getting our property sold, it has been sold and wanted to THANK YOU and your people for all of your aid.
Regards, Patricia P. Boling San Pablo Lake Property”

You can see details and many examples of some sample Ecuador real estate advertisements here.

ecuador-real-estate-urcuqui

Urcuqui  Central Plaza.

#3: How Much Land is in a Hectare? Many readers ask about Jean Marie’s Butterlin’s first article introducing the great opportunity in Urcuqui showing lots of appx. 1/4 acre at $1,000 to $2000. They later read the update from Urcuqui’s Mayor where he mentioned providing land at $10,000 to $20,000 a hectare.

This led to many readers sending emails like this one:  Hi Gary, I just read your update on this property which was advertised as $1000 to $2000 per lot, now its $10,000 and $20,000.  What gives??????????????????????????????

My reply: What gives is that most US readers are not familiar with liters, meters nor hectares the standard measures in most of the world. A hectare is about 2.4 acres. And Merri and I just wish that we had indoctrinated ourselves on all of this when in high school!

If you work out the prices shown by the mayor (a hectare is 2.4 acres) that’s about 10 lots for $10,000 to $20,000. According to my math that makes each lot about $1,000 to $2,000… pretty close to what Jean Marie reported. This is an incredible bargain as some lots on Cotacachi now are $10,000 to $20,000 for just one lot.

Meet Urcuqui’s mayor on a Imbabura-Urcuqui real estate tour.  There has been such a demand that Jean Marie Butterlin who has helped developed this special opportunity for our readers has added two additional tours to his schedule.

See his Imbabura-Cotacachi schedule here.

#4: Warnings about Pet Chips. Gary, I love receiving your newsletters and have dreams of someday going to Ecuador.  I could not be gone too long without my best friend “Bobby”.

I read with interest your article about traveling with a pet and about putting a chip in your dog in case he is lost.  I debated this issue for weeks but decided against it because the chip can cause cancer, just as the use of cell phones cause brain cancer in humans.  I know you live a healthy life and I am sure you feel the same about your beloved pet, so you might want to research this subject.  Thanks for all you do to brighten my day.

My reply:
I could not agree more and would never use one myself nor do I recommend their use. Nor do I use a cell phone except on really rare occasions. But Ecuador requires this for some animals so readers need to know.  It is one of the worst regulations I have ever seen as I am told that they have no way to track them in Ecuador.  Fortunately it only applies to a few species of dogs that are considered aggressive… such as Dobermans and Pit Bulls (please owners of Dobermans and Pit Bulls do not shoot your rockets at me, I am merely the messenger).  We are trying to get a clearer picture of exactly which species are included. When new regulations like this are imposed, there is often considerable confusion.  Even without new regulations, there is confusion at times.  See more on this below.

#5: Herding Cats in Ecuador. Another reader wrote:  Today I move to Ecuador….with four cats.  It has been a nailbiting experience, but we are on our way.  I had contacted pet relocation services that assured me they could handle the move, leaving me stress free to handle all other aspects of relocating.  Not so.  When they discovered the myriad of regulations, many imposed by the airlines they backed away from their prior statements.  I finally contacted a good pet carrier service.  Piece by piece he has unraveled the obstacles of shipping pets to Ecuador, and is in fact traveling to the country this week to meet with agents and officials to streamline this procedure for pet owners moving to Ecuador.  I will be happy to share the final chapter of our move when I arrive in Manta later this week.  Three of my cats started their journey last evening, the other is traveling with me.  And so the adventure begins.

The pet carrier wrote: Good Morning Gary.  I just read the email to you and thought it would be a good time to introduce and tell you that I will be in country starting tonight with the cats through Friday evening when I return to the USA.  In the next three days I will be meeting with three US Airline officials as well as some importers and perhaps the number two Agricultural person if I can get an appointment.  Would your schedule permit a meeting to further explore  how we might assist your clients moving to Ecuador?  I can be available anytime at your convenience.  If you can meet, please email  your phone and schedule.  Regards,

My comments.  I have added this pet carrier to our updated Ecuador Pet Regulation Report… plus included contacts with an Ecuadorian customs broker who has helped readers bring in their pets.  Sorry we can email about this, but right now we are not in Ecuador…came back last week.

You can get this password protected report FREE here as an Ecuador Living subscriber.

Learn how to get an Ecuador Living password here.

Non subscribers can order the Ecuador Pet Regulation Report here for $20.

#6: Transferring money internationally.

A reader, after reading last week’s note about the difficulties an American with money in Canada had getting it to Ecuador shared this comment:   Gary,  Thank you for this forum to read and get information. As  Canadians we have wired money to Ecuador 4 times for the purchase of two pieces of property.  The latest transfer was last September so I just called my bank (Royal Bank of Canada) and they have no restrictions against sending money to Ecuador, in fact said they could not believe that any Canadian Bank would. However Western Canada Bank is a very small banking entity and so that  may be the problem.  I would also imagine that depositing in another country and then transfering the money out to yet another might be grounds for nervousness.
regards
.

My comments: I agree and believe that the previous reader, an American who transferred money to Ecuador to Canada first, shot himself in the foot.
An American reader who lives in Cuenca shared this:
Dear Gary…amazing description of the Cofan Amazon spa treatment…you are absolutely right about massage and I should enjoy one more frequently!  There is a brand new Spa/Gym built at the foot of the subida de Turi off the Autopista in Cuenca called Body Care Spa and I haven’t had a treatment yet, but I sent Manuel for a therapeutic massage $30 because of pain in his shoulder.  There is a beauty salon by Nancy Vega, next door and I had a $4 manicure.  On the top (3rd floor) of the building, they added a restaurant called Fogo that has an amazing view of the town of Cuenca…and serves salads, burgers and parrillada and promotes ladies nights on Wed & Thur from 9-11pm (closing time) for $9.99 all you can drink martinis, daquiries, or margaritas.  Their appetizer menu features chicken fingers, buffalo wings, nachos and offers juices, sodas, & cappucinos.  It really is a welcome edition to Turi (fogo means fire in Portuguese).  The balcony of Cuenca, Turi offers the most breathtaking view of the city at the mirador in front of the Church.  LAN airlines did a nice “renovation” of the amphitheater and look out point in front of the church, where Manuel & I were married 15 years ago!  Also next door is a fabulous new restaurant dinner show called Likapaay (indigenous meaning “to look down”) that has a spectacular cultural aspect of art, dance, music and gastronomy.  For $35 per person, you get a six-course gourmet typical dinner, a welcome canelazo drink and a cocktail during dinner with a folkloric dance show.  We just celebrated our anniversary dinner party there last February 12th  with family and padrinos, about 30 of us.  It was amazing… I felt like Cinderella at the Ball with the beautiful lights of the city in the background.  Many blessing to you and Merri.

Wrap Up.  A reader commented on last week’s Micro Business Evolution article: This is a very Great article, Gary !   Having had my careers as a military officer, a government official with national and international responsibilities, then turning around failing companies in the private sector, I now am living my dream – reflecting much of what you describe in the article.  Every day is a great day and I do what I want when I want.  I put in as many or more hours each day than I did in previous lives; but I feel that it is just fun time.

Wishing you continued health, happiness and great spirit.

Gold Review 2011 Summary


This gold review was scheduled for next week but I posted it today as I am guessing that the crash in gold’s price has caused some knitted brows.

I planned this Gold Review for 2011 because we entered the new year with the gold price near an all time high and all time highs always create areas of concern!

All the debt around the world and inflation over the past 25 years were bound to push up the price of gold… but has it reached a stratosphere where a bubble could burst?

gold

I began my global investing career as a gold bug. One way I have invested in gold is American Eagles… one ounce of gold.  Double boxed… inside of

gold

velvet and sealed in…

gold

plastic. Held in a safe deposit box now for about 20 years they have not been a bad investment… rising over 400% in 20 years,  but a normal investment… to me… they are not.

Many other investments were far better.  Gold has a definite place in one’s portfolio, but I have created this Gold Review because not all about gold investing is golden as you’ll see below.

Executive Summary for Gold Review 2011: To give a quick overview for those who don’t have the time for the full review, I am posting the executive summary of this report below free. (For those who want and have the time and interest, my entire Gold Review 2011 which runs many many pages can be ordered for $9.99. (Order here)

Point #1:  A series of  economic events have come together to worry investors world wide. Some of them are the staggering numbers of aging boomers in North America, Europe and Japan  – Low returns of fixed income investment – US dollars losing global reserve status – the Euro crisis – stubborn unemployment in US and Europe – North Korea  – Iran – Huge US, Japanese and European government debts.

In the past, worried investors fled to the US dollar, Swiss francs and gold.  Now the dollar and euro (which negatively affects the Swiss franc) are part of the problem.  The Swiss unemployment rate is again rising, up  0.1 percentage points in November to 3.6 percent, the latest official data showed on December 7, 2010.

Gold (and other precious metals) are left as the last guardians during dangerous economic times.

Point #2:  Stock markets globally have risen dramatically since the 2007-2008 equity collapse.

mcsi-chart

Here is the 2010 chart for the Morgan Stanley Captial Index World Index (all major markets excluding emerging markets) from www.bloomberg.com/apps/quote?ticker=MXWO:IND

We can see that this is a continuance of a trend that began in 2009 after equity markets collapsed globally.  Here is the three year chart of the same index at the Bloomberg site.

mcsi-chart

Emerging markets performed even better.  Below is the Morgan Stanley Capital Index Em Index for 2010.

mcsi-chart

Here is the three year chart.

mcsi-chart

This Emerging Markets Index is a float-adjusted market capitalization index. As of May 2005, it consisted of indices in 26 emerging economies: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey and Venezuela.

Shares compete with gold to attract investors and have the advantage of much lower dealing costs and pay dividends.  This shows that gold prices have shown considerable strength to rise as high as they have despite the strong global equity price improvement.

#3: Compared to equities the rise in the price of gold for the last year has been strong.

We can see the reverse synchronicity between gold and global equity prices when we notice the spurt in gold prices in May through July 2010 when equity markets slowed.

gold-chart

In fact no matter which chart you view…

Here is a five year gold chart.

gold-chart

The rise in gold looks good especially…

gold-chart

strong in the last six months.

gold-chart

This warns us that gold’s price may be frothy. And  Tuesday’s (Jan. 4, 2011) price drop suggests that the market is now growing more nervous.

gold-spot

Three day gold pricie chart from www.goldprice.org

This chart was written before the January 5, Hong Kong market began… but those prices are included in the full gold review 2011 report.

Hong Kong’s reaction will be an important signal.

A long term chart analysis also suggests that gold’s big recovery may now be near its top.

gold-chart

Point #4:  Gold has appreciated a lot since 1942. Price comparisons show that Gold has outperformed 13 of 15 standards we reviewed. Only a Harvard tuition and housing prices have risen higher than gold.  This gives only a partial picture of gold’s true value, but should give us pause for thought.

How much is gold worth now?  This of course is THE golden question…so let’s compare prices.

Prices (1942 to 1967 source: “Remember When” by Seek Publishing 2007 to 2010: US Bureau of Labor)

gold-price-comparison

If we assume that the gold price of $33.85 an ounce (before the end of WWII and the huge inflation this conflict created), is the more accurate than the price at the end of the war,  the house, car and wage cost is one place to start a comparison.

Biggest increase: Harvard tuition 80 times increase.

House prices from 1942 until 2010 increased 67 times.

Gold has risen about 41 times.

Cars jumped 30 times.

Movies  27 times.

Wages increased 24 times.

Rentals are up 20 times.

Gas 20 times.

Postage 15 times.

Bread 15 times.

Pound of sugar 10 times.

Hamburger about 9 times.

Coffee, bacon, eggs all about 8 times increase.

Milk only five times.

Gold has risen about 41 times (4,100% or 60% per annum simple) from 1942 to 2010 at its January 4, 2011 price of  1,383.

Point #5: Unemployment is not getting better. A recent New York Times article says “Few New Jobs as Jobless Rate Rises to 9.8%”.

Another NYT article “Unemployment Rises in Europe”  By David Jolly says:  Unemployment in the euro zone rose in October to its highest level in more than 12 years, an official report showed Tuesday.

Unemployment slows inflation and favors deflation the enemy of the price of gold!

Point #6:  Gold is a good investment in some circumstances. Gold could rise even more if the economic problems could lead to a stampede in stock markets… great currency volatility and inflation.  Gold is good as insurance because it represents real money.  However a 95 year study comparing precious metals to equities, housing and bonds shows that over the long term gold is the third best performer and is especially weak during inflation..

Point # 7:  Gold has its downsides. Gold’s price is volatile and subject to great long term depressions.  If there is sustained deflation, gold prices could drop.  Gold is expensive to hold and gold does not pay dividends.

The conclusion of this report is that gold prices will rise but much more slowly and could have several short term price corrections over the next year.

You can order the full Gold Review 2011 for $9.99 here.

Our favorite bullion dealer who we have known for over 20 years is Asset Strategies. Get more information from Rich Checkan at rcheckan@assetstrategies.com

Gary

See a full review on gold investing at our February 11-12, 2011 International Investing Seminar in Mt. Dora, Fl.  See details at www.garyascott.com/catalog/international-investments-and-international-business-course

Gain ideas on how to use gold to finance your own micro business at our February 12-13, 2011 International Business Made EZ Seminar in Mt. Dora.  See details at www.garyascott.com/catalog/international-business-made-ez-seminar

Learn how to use FM Plus (Frequency Modulation) to think out of the box when investing and in business at our February 11 – 12 2011International Investing International Business Seminar or both – (saves up to $499) in Mt. Dora, Florida or both. and February 12-13, 2011.

Investing Terror Ahead?


Many events… weakness in Wall Street… concerns of another Euro debt crisis… recent US dollar Treasury auctions… shows that there is terror in investing markets.

msci-chart

The MSCI World Stock Market chart from Bloomberg.com reflects the feeling of terror as it has fallen so much in November that it has given up all profits from the year of 2011.

See below how to save 10% on any of our courses only today.

Yet there is even more potential for terror… the risk of a Euro collapse… the potential dollar disintegration as China and Russia drop the use of the greenback in their inter trade and the rising gloom of another theater of war in the Pacific.

In fact there is enough terror that we could see a stampede… that will create some horrible slide of something.

The question is what? Knowing the answer is the difference between extra profit and ruin.

Major investors are acting as if they believe in inflation. On Oct. 25, 2010 the U.S. Treasury sold $10 billion of five-year TIPS at a negative yield. This was the first time investors were willing to receive negative returns at a Treasury bond auction.

TIPS are inflation protected bonds. The interest rates are inflation adjusted.

November 4, 2010 the U.S. Treasury sold $10 billion more 10-year TIPS bonds at a record low yield of 0.409% after the previous low interest rate of 1.019% was set at a Sept. 2, 2010 auction.

This suggests that investors have confidence the Fed will win the battle against deflation, and create  inflation.  This is likely to cause a falling US dollar.

However if this inflation is going to take time to rise… it is really urgent to get your strategy and timing correct.

Jyske Global Asset Managers (JGAM) decided to keep their portfolios unchanged except for minor adjustments. They are underweight bonds and overweight equities but have increased protection on their leverage (borrowed US dollars) with a stop-loss.  This protection was executed on 12 November causing the loan mix to move from 100% US dollars to 50% US dollar and 50% euro.

This move was made because Jyske had a protective Stop Loss on their dollar loans so that Stop Loss was executed on the 12th of November at 1.3558. The renewed turmoil in the eurozone had spooked investors and there was a lot of volatility in the Foreign Exchange market.

As the EUR/USD cross rate is the most traded currency pair in the market there was extra volatility in this pair.

JGAM still believed in a weaker US dollar but respected their defined stop loss.

However on November 25th JGAM changed their loan mix in our leveraged portfolio back to a 100% US dollar loan.

JGAM believes the market has overreacted to the euro crisis caused by Ireland and the North Korean attack on a South Korean island.  They expect the market will soon again focus on the fiscal and monetary policies in the US. Especially, we view the aggressive US monetary policy to be a long-term weakening force on the USD.

JGAM anticipated the Federal Reserve’s Quantitative Easing on the second quarter of 2010. They believe that much of the liquidity pumped into the system by the Fed will continue seeking more risky assets than almost zero-yielding bonds. Therefore, JGAM expects money flow out of the U.S. – causing downward pressure on the US dollar – and into global equities, corporate bonds, emerging markets and commodities, creating an on-going upward pressure on these asset prices including related currencies.

This means that money will flow away from the euro and dollar into emerging markets.

Jyske sees the potential for a significant negative scenario in a re-emerging euro crisis. Recently, they have seen a weakening of the euro and a widening of yield spreads between the German Bund and peripheral eurozone bonds.

The new RISK

I expect Jyske is now also watching Asia more closely.

I was about to expand my Asian coverage into Taiwan and Thailand based on this… but fate… and Jyske perhaps saved me.  My adviser warned that the two funds I had selected were at 52 week highs.

I had selected those two markets as they are both considered good value markets by Keppler but these high point meant I wanted to investigate further.  So I held back and then needed to visit my mom in Oregon where Merri and I focused on her… not our portfolio.

In the time we were away North Korea revealed more nuclear development and started lobbing shells at South Korea. The US has sent an aircraft carrier that way.

This means I’ll wait and watch Asia a bit.  This also reinforces other investments I recently made in Latin America… mainly in Brazil.

Here are three tips for investing in times of terror.

First, do not leverage heavily.

Second, do not speculate expecting a fast turn.  Look for special values created by the terror. For example if the Taiwanese share market tanks… because of  Korean tensions, it is already a good value market.  It could become a spectacular value.   We’ll see in an upcoming message how in terms of purchasing power parity, Taiwan has not passed Japan in per capita spending power.

Third, diversify and look for inflationary fighters that hold up during deflation.

Examples?

There are three ways that investors are being screwed.

Inflation is ruining the purchasing power of our wealth.

Western banks are keeping the money they have and the cheap money that the government gives them.  They invest it for more and keep the profits.  With this cheap government money they do not need deposits so traditional safe investments (dollar and euro bonds and CDS) don’t earn enough to protect against inflation.

Trading down keeps inflation down statistically… but means that your income and savings really buy much less.

Yet you have to take great care when you enter emerging markets.  For example I am taking the RIC out of BRIC (Brazil, Russia, India and China).

First during a panic stampede because BRIC has been a popular theme, the herds might stampeded there.

BRIC may be a concept that too many investors are talking about now. India however is a poor value market (according to Keppler Asset Management) and has always been volatile.  China is neutral value but borders Korea.

Russia carries a law and order risk.

My Jyske advisor just sent me this note.  Gary I recommend that you keep out of Russia. Very shortly you shall sign a form, when trading in Russia, where you have all risk in regard to the custodian in Russia, if they make any kind of fraud.

I can find ishares investing in Thailand and Taiwan, quoted in the US. These are Index funds but at 52 week highs.

I am a little nervous for the eastern European markets. Poland and the Czech real estate market are still funded in CHF and EURO. There have not been focus on that for a while, but the problem is not solved yet, so be careful with these markets.

Recently I took profits and reduced my position in Turkey.  I transferred the profits into two shares added to my portfolio…   Ishares Latin America  (focused mainly in Brazil) and  Suntec Reit which invests in Singapore real estate.  I wrote about Suntec last month in the article Invest in Turmoil.

The leverage in my portfolio remained 100% in US dollars through this turmoil.

Canadians and non US investors can learn about how to buy these through Jysle Bank Private Bank from Rene Mathys at mathys@jbpb.dk

Professional US investors (portfolios over $1 million) can also buy these shares via JGAM.

US investors with smaller portfolios can invest in managed accounts.

To learn the portfolio mix and leverage of these accounts contact Thomas Fischer at fischer@jgam.com

Gary

Here is how to save 10% on any of our courses only today.

We provide many online courses and seminars. Subscribe to any before 3am East coast time November 27th and we’ll knock 10% off the fee.

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How We Can Serve You

How to Have Real Safety

garyheadshot

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.

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

This is why the core Pi model portfolio (that forms the bulk of my own equity portfolio) consists of 19 shares and this position has not changed in over two years.  During these two years we have been steadily accumulating the same 19 shares and have not traded once.

The portfolio has done well in 2017, up 22.6%, better than the DJI Index.

motif

However one or even two year’s performance is not enough data to create a safe strategy.

The good value portfolio above is based entirely on good value financial information and mathematically based safety programs developed around models that date back 91 and 24 years.

The Pifolio is a theoretical portfolio of MSCI Country Benchmark Index ETFs that cover all the good value markets developed combining my 50 years of investing experience with study of the mathematical market value analysis of Keppler Asset Management and the mathematical trend analysis of Tradestops.com.

In my opinion, Keppler is one of the best market statisticians in the world.  Numerous very large fund managers, such as State Street Global Advisers, use his analysis to manage over $2.5 billion of funds.

The Pifolio analysis begins with Keppler who 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 major stock market’s history.

Fwd: keppler

Michael Kepler CEO Keppler Asset Management.

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 and rates each market as a Buy, Neutral or Sell market.  His 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 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 stock in that country is an attractive investment, so you do not have to spend 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 use.

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

The Pifolio consists of iShares ETFs that invested 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.

Pi uses math to reveal the best value markets then protects its positions using more math created by Richard Smith founder and CEO of Tradestops.com to track each share’s trend.

We use Smith’s  algorithms that calculate momentum of the good value markets.

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The Stock State Indicators at Tradestops.com act as a full life-cycle measure that indicates the health of each stock. They are designed to tell you at a glance exactly where any stock stands relative to Dr. Smith’s proprietary algorithms.

Kepppler’s analysis shows the value of markets.  The SSI signal indicates the current trend of each stock (performing well, or in a period of correction, or stopped out).

The SSI tells you one of five things:

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Akey component of the Stock State Indicator (SSI) system is momentum based on the latest 521 days of trading.  A stock changes from red to green in the SSI system only after it has already gone up a healthy amount and has started a solid uptrend.

How SSI Alerts Are Triggered

If the position has already moved more than its Volatility Quotient below a recent high, the SSI Stop Loss will trigger.  This is an indicator that the position has corrected more than what is normal for this stock.  It means to take caution.

Below is an example of how SSIs work.  This example shows the Developed Market Pifolio that we track at Tradestops.com.

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Equal Weight Good Value Developed Market Pifolio.

At the time this example was copied, all the ETFs in the Developed Market Pifolio (above) currently had a green SSI.

We do not know when the US market will fall.  We only do know that it will.  We also do not know if, when the US market corrects, global markets will follow or rise instead.

The fact that the Pifilios are invested in good value markets reduces long term risk.

Additional protection is added by using trailing stops based on the 521 day momentum of each stock in the Pifolio.

Take for example the graph below from our Tradestops account that shows the iShares MSCI United Kingdom ETF.  This ETF had a green SSI and a Volatility Index (VQ) of 13.26%.  This means the share can move 13.26% before there is a trend shift.

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iShares MSCI United Kingdom ETF (Symbol EWU)

Pi purchased the share at$31.26 and in this example the share was $34.43 and rising.  Tradestop’s algorithms suggested that if the price drops to $31.69 its momentum would have stopped and it would have shifted into trading sideways.   The stop loss price is currently $29.86.  If EWU continues to rise, both the yellow warning and the stop loss price will rise as well.

When the US stock market bull ends, know one knows for sure how long or how severe the correction will be.

When the bear arrives, what will happen to global and especially good value markets?

No  one knows the answer to this question.

What we do know is that the equally weighted, good value market Pifolios have the greatest potential long term and that math based trailing stops can be used to protect against a secular global stock market correction when it comes.

My fifty years of global investing experience helps take advantage of numerous long term cycles that are part of the universal math that affects all investments.

What you get 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 Platinum Dip 2018” 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 “Platinum Dip 2018” 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 “Platinum Dip 2018” 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.

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

In 2018 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.

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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.

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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.

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 “Platinum Dip 2018” 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