Tag Archive | "Inflation"

The 12 Inflations of Christmas


Is the Grinch of Inflation with us this Christmas?

Statistics, we are told, say we are not experiencing much inflation in the USA.   My grocery bill tells a different story.

It appears that Santa agrees with me.

PNC

Every year PNC Financial Services does a review of the cost of  the “12 Days of Christmas’ (1).

The 2020 review tells “Two Tales of Christmas”.

The first story is of inflation.  The cost  of 12 drummers drumming, 22 pipers piping, 30 lords-a-leaping, 36 ladies dancing, 40 maids-a-milking, 42 swans-a-swimming, 42 geese-a-laying, 40 gold rings, 36 calling birds, 30 French hens, 22 turtle doves, and 12 partridges in pear trees is rising fast.

PNC

This year, 2020,  the true cost of all this in this Christmas song is $105, 561.80.

This appears to be just a little more then the $101,119 of all the gifts that I reported at this site ten years ago in 2010.

“A slight increase in 10 years isn’t bad”, we might think.

This statistic would make it seem that there is not much inflation, which shows how numbers can mislead if we do not have all the facts.

The second tale is how change affects the statistics because the 2020 cost is actually 38% less than in 2019.

There is deflation in the 2020 cost because COVID-19 has caused the curtain to drop on most live performances.  The nine Ladies Dancing will not have to dash through the snow to entertain in-person.  The best could be hoped for would be virtual performances.

The PNC site says: TEN LORDS-A-LEAPING
Not Available in 2020

ELEVEN PIPERS PIPING
Not Available in 2020

While you may catch a tune from an online performer, you’re unlikely to hear a peep in person from the Pipers this holiday season. With the pandemic triggering the shutdown of most performance-based industries,

TWELVE DRUMMERS DRUMMING
Not Available in 2020

A chart at the PNC site shows that inflation has doubled the price of these gifts since 1984 up to 2019,  In 2020 you simply cannot get all the gifts.

inflation

In short we are in an era of stagflation, when economic expansion is dropping but prices are rising. 

Interest rates are near zero.  This enhances the problem because lowering interest rates is the normal way to stimulate an economy.

There are five ways to beat stagflation.

#1: Move to a lifestyle of lower cost living.  In 2010, I recommended Ecuador or Smalltown USA.  Both still make sense.

#2: Invest in high value and emerging equities.

#3: Invest in high value real estate.

#4: Invest in precious metals and commodities.

#5: Invest in your own funky micro business.  Earn more than the loss of your money’s purchasing power.

This is a holiday season that celebrates release from the old and embracing the new.  2020 has certainly shown us change which means that a new cycle of opportunities is at hand.  Release what has passed for new birth.

What an appropriate reminder in this season… in this nation and in our global society and for us opersonally.  Life is change. Change brings mourning for that lost and joy for the new wonders that lay ahead.

Merri and I send you our best wishes for joy and new wonders in this holiday season.

Gary

How to Live Easy in a Harried World

Stress is a dangerous obstacles almost all positive achievement in education as well as maintaining health and wealth.

Prolonged exposure to stress is the # 1 root of death and disease in our modern society.  Stress can ruin your health and wealth… in many ways.

Daily stress has been magnified because we no control, no way out of the current global political and economic mess.  The news makes current problems feel like things are getting worse.

This downwards spiral leads to health problems, heart disease, hypertension, impaired immune function, infertility, and mental illness.

The health problems lead to economic problems from loss of income, poor investment decisions and high disease management costs.

Yet there is a way back.  You can dramatically reduce stress even if you live in an anxious world.

I was reminded of this once when I made a horrible mistake.

The supposed error?  Letting my mind wander six decades back to an hour I spent with a girl.

The girl was pretty and blond.  Terry was her name. My imagination spanned decades returning to my Oregon roots seeing her as if she were there.

We were 11 or 12 and had known each other since we started Rockwood grade school.  Just buddies, our non-romantic friendship lasted 12 years, from first grade till high school’s end.  Then she went off to Pepperdine College in California.  I started traveling the world.  Never saw her again.  I hope her life has gone well.  But until that reflection I’d never thought much of Terry in so many years.

What could have been the tragic error was letting that memory touch my heart.  Two kids, walking on a crisp, Pacific Northwest autumnal afternoon.

We walked down a sun filled, pine needle covered, dirt path.  Huge, fat, green Douglas firs lined the road.  Traffic was no problem, not many cars.  Crossing Stark Street we turned left, hiking three blocks to 182nd.  There we passed an old clapboard candy store.  I can still hear the wooden sidewalk of that store slap beneath my feet, felt the soggy planks sag and smelled astringent pitch from the fir trees.  Then we turned right, up 182nd for about a mile.  There was Terry’s house.

I carried on, walking through a big field, waist high grass turned straw brown by an early frost.  There were dozens of paths made by who knows what.  Animals perhaps or countless generations of other kids walking home alone from school.  I chose one following it to another wood of tall, rough-barked fir.  Crossing one more field, I climbed a rock wall, struggled through a barbed wire fence (my Mom hated that fence ripping my jeans).  I was home!

Sweet simplicity, that dream.  Two kids holding hands, walking on a dirt trail under a crisp, but blue, sunny sky.  Pure innocence.

My tragic error was looking back.  I returned to Rockwood, Oregon with my wife Merri and my kids to show them this part of their roots.  Following the route, Terry and I had walked were the candy store, grange hall, old wooden buildings and their home spun honesty and charm.

Instead we found six lanes of fast, frantic traffic and road rage.  McDonalds, KFC, strip shopping centers.  The car radio blared warnings of local gangs and drive-by-shootings.

Beauty, innocence, sweet simplicity, replaced by drive ins and drive bys.  Gangs and drive-by shootings replacing a tender walk in the sun.

Good bye memories, good bye.

How can our kids walk in places like this?  How can we return to those old feeling of security and comfort?

How can any of us possibly keep pace in this world that’s moving so fast?

Then something inside snapped.

“There has to be an answer for honest, hard working folks to enjoy the wonderful opportunities of today and regain what we’ve lost over the past forty years”, I swore to myself.

How can we keep up, without having such a fast paced life we turn into machines?  Where do we find time for God, family, charity, and our friends?  How can we rediscover those sun filled, pine needle covered, dirt paths we want to walk?

“There has to be places that are still innocent and pure”, I thought.  “There has to be a way of life that does not pound us with stress”.

This thinking led me to begin reviewing the thousands of economic and business experiences I have shared with readers over the decades.

This started a search for a simpler way of life and a better place to earn and protect our wealth.

By digging, asking and observing, traveling and talking to investors and investment managers all over the world I found that there are true paths to real security in the here and now.  That knowledge helped me develop courses on how to have natural health, everlasting wealth and purposeful investments.

This knowledge helped Merri and me invest in stocks and real estate all over the world.  It helped us find and develop our farms in North Carolina and Florida into sanctuaries.

That almost error led us to create an entire portfolio of information on how to keep pace, get ahead, enjoy our modern society but, to enjoy life wherever you choose without having to move too fast.

This is why I am making a special “Let’s get our lives back” offer.

“What would you think in the last 30 seconds of your life if you were the richest man in the world but were unhappy?”

Without comfort, no matter how much money a person has, they are more likely to lose it or kill themselves with stress from worry.

Hope springs eternal and it should.  One of the key themes in my first book, Passport to International Profit, (published in the 1970s) was “The Sun Always Shines Somewhere”.  This thought has been in and remains a foundation of everything I do.

Sometimes this sunshine is hard to see because the press always focuses on doom and gloom.  Current news often makes the world seem about to end.  We cannot blame the press. Bad news sells.  The majority seem to want to worry instead of learn about all that’s good.  This does not make doom and gloom right.  This is why the majority are also the rich portion of the population, but bad news is an economic fact for the press.

Yet despite all the negative headlines, we have lived through the Cold War and MAD, Y2K, GridX II, the Peak Oil Crisis, the recession of the 1970s, 1980s 2007, etc. etc. etc.  Chicken Little is always out there, selling the falling sky.  Don’t buy into this story!

History suggests that there will always be opportunity.  The sun always shines somewhere.

Brexit, global warming, China trade wars, a slowing economy and the American political process are examples of how the press gravitates to negative news.   The press  make anything and just about everything seem negative.  This can blind us to the positive realities ahead, if we let it.

Don’t.

Expect that the world will remain standing and look for opportunity instead!

Our wealth and economic opportunity is pushed by supply and demand.  We are part of a growing global population.  New technology makes more people, as a whole, more productive every day.  The world has increasingly larger markets creating more supply in increasingly efficient ways.

This reality increases everyone’s wealth.  Yes there is a lot of bad news in many places.  There is inequality.  There is crime.  There is war and hate and injustice.   Despite these negatives there is even more that is positive.  Opportunity grows.

There is a way you can tap into and use every bit of the good news.

Join the top 3 percent of intelligent people in the world.

Become more independent and relaxed by becoming smarter.

A study of 10,000 British people studied the pure relationship between intelligence and happiness stability.

IQ can predict the emotional ups and downs of life.   The research found that the lower the IQ,  the more stress and higher the ups and downs in life satisfaction.  The differences were not due to education, income, or jobs either, but simply IQ.

gary-scott-seminar

Delegates at a Super Thinking course overcoming stress while relaxing in their secret rose garden.

Free yourself by becoming smarter, healthier, happier… in just weeks… hearing  a relaxation session that takes you into your secret rose garden.

Merri, David and I originally developed this session for our Super Thinking courses and have set it into an online workshop for you.

Listen… just 18 minutes day.  We guarantee your life will be better.

Inflate Your IQ.

When it comes to money… inflation is cheating.

That’s bad for you.

When it comes to intelligence… inflating is smart… fair… good for you and it’s good for the rest of the world.

Monetary inflation is a sneaky government and business trick.

What cost a dollar in 1965 can easily cost $15 now.

They promise you more.

Liars?

They devalue the currency so you get more dollars that buy less.  They can rip off your salary,  your pension…raise insurance, almost everything.

And they make you work harder… longer… for less.

Whittle, whittle, whittle.  Push, push, push.  That’s what monetary inflation does to you.

Fight back… overcome the inflation trick.  Inflate your IQ as you relax.

Gain more than IQ.

Be smarter… more energetic…. healthier… more relaxed.

That’s the way to get ahead!

Create more income opportunity.  Reduce stress.  Improve your health.  Be naturally smarter… use Super Thinking.

You can improve your IQ in just weeks.

You might well ask… How is this possible?

Here’s how the scientists say it is possible.

A Wall Street Journal article entitled “Ways to Inflate Your IQ”(1)  show how you can be smarter and actually add matter to your brain.  The article says:

           Many people think of IQ as a genetic trait, like brown eyes or short legs: You’re born with it and you’re stuck with it.

Now, a growing body of research is showing that a person’s IQ can rise—and even fall—over the years.

Scores can change gradually or quickly, after as little as a few weeks of cognitive training, research shows.

British students were given IQ tests and brain scans at ages 12 to 16 and again about four years later.  9% of the students showed a significant change of 15 points or more in IQ scores.

The study published in Nature said that on a scale where 90 to 110 is considered average, one student’s IQ rose 21 points to 128 from 107, lifting the student from the 68th percentile to the 97th compared with others the same age. 

MRIs in this study showed changes in gray matter in areas corresponding to fluctuations in the kid’s skills.

There are practical steps people can take to see longer-term IQ changes.  New tasks stimulate the brain most.  Young adults given just one month of intense training in juggling, found an increase in the corresponding gray matter in the brain as early as seven days after the training began.

Fluctuations in IQ scores over time underscore the brain-boosting benefits of musical training and new experiences throughout a lifetime.

Music lessons are linked to higher IQ throughout life.  Six years’ lessons lifted children’s IQ scores an average 7.5 points.

 Improve the brain through music… without lessons.

Here’s the Super Thinking story…

The educational program Merri and I developed uses a form of brain wave integration that increases IQ.

Super Thinking uses frequency (in music and a number of other ways) to integrate brain waves so the process of absorbing, processing and recalling information is vastly accelerated.  The music creates the three C’s:  Calm, Clarity and Coherence.

This Super Thinking program is not a gimmick or trick… just advanced education.

Certain types of Baroque music are the base, and they make you smarter!

Proof?

At least four best selling books, “Psychic Discoveries Behind the Iron Curtain”,  “Superlearning”, the “Mozart Effect” and “Superlearning 2000″ showed how to learn and think more powerfully based on systems drawn from the Bulgarian educational master, Dr. Georgi Lozanov.

This Baroque music tactic alone is so powerful that Small Business Innovation Research… an official site of the US government granted over $100,000 for the specific purpose they said was: to provide a method to remove barriers which hinder or prevent the employment of blind persons.  An innovative method, the Lozanov Learning System, is proposed to help train blind persons to become computer programmers and operators of automated equipment.

Merri was among just a few who learned this technique directly from Dr. Lozanov the time he visited the USA.

Our Super Thinking workshop enhanced this system with numerous other tactics.

We added slight alterations in nutrition that create a higher IQ.   Altered nutritional tips in Super Thinking can make anyone 25% smarter!

Baroque Music and nutrition are just part of seven, easy to use, learning techniques that make you smarter.

Gain any skill, from computers to athletics to conversational languages…in less time…two-to-five times faster.

Here’s a huge bonus.  Super Thinking also relieves stress.  Super Thinking is fun.

You can use a Super Thinking focus in everything:  health… earning… education… investing.

Super Thinking works on the learner first…the data second.  This system “grows the learner” rather than the information.

If you have 4.5 inches of information flowing through a 4 inch learning pipe, the solution is not to add another inch of information.  The answer is create a six inch IQ pipe!

Share our years of experience.

For nearly 50 years, Merri and I have conducted hundreds of courses and tours for tens of thousands, in dozens of countries (even behind the Iron Curtain).  Our Super Thinking Workshop has been one of the most profound.  Now the workshop is even better online because it condenses Super Thinking so you can increase your IQ, at home… right away.

The workshop shows how these mind expanding tactics can be applied to starting and running a business for extra income, to forex trading and investing.  Athletes of all types… golfing being one common sport benefit.  Our Super Thinking plan goes far beyond Lozanov and allows you to rapidly get smarter in every part of your life.

For example, real estate broker, Suzy Kurinsky took the workshop to help her learn Spanish.

She wrote: “You are the BEST!!! Your Seminar was fantastic! I am so excited. I had procrastinated fulfilling my continuing education for my Broker’s License and then just before my surgeries, I realized by expiration date isn’t Nov. 12th – it is Sept 12th. Prior to taking your course I had only completed 3 units of the required 45 units. I thought I would take your course and then complete my remaining 42 units over the next 2 weeks. However, I took one class exam on Saturday night, August 27th. I didn’t even take the cellophane off the required Course manuals until after I saw the two of you today less than 5 hours ago! I used your techniques and completed 39 units of continuing education today. I have now completed all 45 units. All of my test scores were in the 90.6-96% range.  My course exam information is listed below. I just wanted to let you know how valuable your course was to me. Thanks again!”

Super thinking can improve almost anything you do… faster, better, more fun and with less stress.

Another attendee to the Super Thinking Workshop sent this note.

 Thank you for the wonderful workshop on Super Learning + Spanish!  I really enjoyed the workshop and getting to know you.   I can see several ways to apply what I learned in the classes I teach.

Since I returned home, I have purchased some of the CDs of Baroque music and thought about which specific pieces will work best in different parts of my classes.  I am also reading Perfect Health by Deepak Chopra.  I found your discussion of this book to be very helpful in showing how to balance one’s life.  I have adjusted my daily schedule, and I can already notice a difference in my productivity.

Super Thinking can help improve your health. Super Thinking can make you rich and add richness to your life.

However the time, travel expense and workshop cost (delegates have paid up to $999) have prohibited many from getting this benefit.

That’s why we have created the workshop in electronic form.  Get Super Thinking online for less than fifty bucks.

You can order the online Super Thinking Workshop here ($49.95)

Relax in the Secret Rose Garden.

The workshop is divided into two parts.  Part one is the application… the sessions that tell you exactly what to do, what music to use and even includes two recorded sessions based around a secret rose garden that you can use.  We have kept this portion short and simple so you can easily start immediately.

Part two is a longer portion on theory.

Part one is enough.

Super Thinking is like jogging… giving results if you simply do it!

You do not have to know why Super Thinking works to increase your IQ.   But Part Two explains why you are getting the good results from Part One, if you want to know.

You might ask…”Will it work for me”?

The Super Thinking Workshop will help increase your IQ.

Our guarantee.

I guarantee it.  Order the Super Thinking Workshop.  Use it for two months.  If you are not totally satisfied… in any way, during that time, simply let me know and I’ll send a full refund… immediately… no questions asked.

Order the online Super Thinking Workshop here ($49.95)

Another Super Thinking workshop attendee wrote: Listening to the two of you during our time together has suddenly got me to thinking, and although some of the ideas still seem foreign to me,  I am at a point in my life now where I can say, “anything is possible”.   I am now willing to embrace and allow myself to experience the world of possibility and let it take me in directions I may have in the past resisted.  I really don’t know where all this is going to lead me but I am now willing to explore, develop and grow.   Thank you again for a wonderful four days!!

Inflation is a cheat… a crime when it comes to money.  Inflating your IQ to beat inflation is simple good sense.  Learn Super Thinking now with no risk.  Begin to increase your intelligence today.

Order the online Super Thinking Workshop  $49.95.

Gary

(1) Read Wall Street Journal article Ways to Inflate Your IQ

(2) See government grant records on teaching blind persons with the Lozanov method

(1) www.pnc.com/en/about-pnc/topics/pnc-christmas-price-index.html#gifts

Low Interest Rates & Real Inflation


Low interest rates rob the purchasing power of your income and wealth.

We were taught to save and invest early to enjoy the power of compound interest.

We were taught, “If we did that and saved enough, and we could then earn 4% interest on our capital, we would have sufficient income for our retirement without eroding our savings”.

That’s not happening now.  Interest rates are too low.

dollar

What we’ll need soon to replace a hundred dollar bill

The Wall Street Journal article “Interest rates take a pandemic dive” (1) shows that banks are paying a pittance on deposits, but customers don’t seem to care.

The article says: Some banks are slashing deposit rates. Others are keeping already-low rates at next to nothing, sometimes 0.01%. But customers keep stashing cash at banks anyway.

Big banks can afford to be stingy because they already are awash in deposits. Total deposits at U.S. commercial banks have swelled to about $15.9 trillion, up from about $13.2 trillion at the start of the year, according to the Federal Reserve.

The biggest banks, such as JPMorgan Chase JPM -1.23% & Co. and Bank of America Corp. BAC -2.38% , generally keep their rates low no matter what is happening in the rest of the economy. They already have mountains of deposits, as well as loyal customers who bank with them not for high deposit rates but for ubiquitous branches, flashy apps or because their paychecks and bills are already tied to their accounts there.

Online-focused firms including Ally Financial Inc. ALLY -0.10% and Goldman Sachs Group Inc.’s GS -1.62% Marcus, on the other hand, have touted their high rates over the past few years as a way to attract deposits. But even those banks are now cutting rates. Ally, Marcus and Capital One Financial Corp. COF -1.29% , for example, have dropped their deposit rates from about 1.6% to around 0.5% over the past eight months.

One depositor made the comment “It just made no sense to keep my money in banks anymore.  It might as well be put under my bed.”

This comment is uncomfortably close to being 100% accurate.  Yet money under the bed is also at risk to deteriorating purchasing power.

We have to increase risk to get earnings that are higher than inflation.  Those earnings need to be much higher than inflation because anyone who has gone shopping knows that the inflation statistics make no sense.

The Investopedia article “How Does the Current Cost of Living Compare to 20 Years Ago?” (2) shows how inaccurate the Cost-of-Living-Index might be.

Many people feel that, even with full-time work, they simply don’t have the income necessary to live the lives they want. Even when it comes to just the basic essentials such as food, rent, car payments, or tuition fees, it can often seem that a dollar today just doesn’t buy what it should. As it happens, this isn’t just economic paranoia. In fact, the prices for daily goods have increased considerably since 1998, above and beyond what can be accounted for by inflation, giving the dollar much less buying power than it had just 20 years ago.

The problem is that the cost of essentials such as food, housing and transportation are climbing faster than statistical inflation.

Here are the key points from the article:

investopedia.com

This problem hurts all demographic sectors.

Boomers who are thinking about how to retire might not have enough to do so.  They’ll run out of money.

Their solution is to keep earning.  If you have been reading this site for long you know I ignore the idea of retirement at 65.   There is no reason to stop earning at 65 when, in this era, our experience is worth more than the cost of getting it.

Boomers should be able to enjoy a pinnacle career and beat rising costs.

Younger generations have a tougher time because its harder to just keep up with the cost of living, much less save.

One compromise for all generations is to invest in well diversified, high yielding, good value stock market index ETFs.  See details below.

Gary

Add Safety, Profit & Get Paid Double

The next four years will be a period of high overseas stock growth.

The chart below shows the last 26 years of real-time forecasting by the global equity analyst we track to make our portfolio decisions.

The analyst is Keppler Asset Management and the index they create The KAM Equally Weighted World Index is 15.4% below the value that the analyst forecast four years ago in September 2016.

The chart shows how in the past, two and a half decades there have been four opportunities (red Xs) when the entry levels in global markets were below or around the lower valuation band.  In the previous three low points like this, there has always been the highest growth and positive returns three to five years later.

keppler

 

So it’s good to know that if you invest in global stock markets overall, now, you’ll make capital gains over the next four or five years.

More importantly you get paid more income now!

Current markets have turned economic history upside down.  Normally bonds pay the highest interest rates and add safety to a portfolio.  Not in 2020.

This year equities have been paying a higher yield than bonds.

As of November 2020, according to Ycharts.com, (1)  AA bond yields are at 1.59%.

ycharts.com

 

The US MSCI Index pays a modest 1.68% as of November 2020 .  That’s a terrible yield, but better than the 1.59% you can get in AA rated corporate bonds.

Just because US stocks pay more than dollar denominated bonds, does not mean they offer the best income deal.  In fact US shares pay one of the lousiest average yields of the 46 stock markets we, via Keppler, monitor around the world.

Eight solid, top value stock markets (shown below) not only add diversification and the best long term profit potential, they pay more than double the average US yield.  They pay  3.57% compared to the US yield of 1.68%.

keppler

This is why my core stock portfolio consists of a handful of top value share ETFs and this position has hardly changed in five years.

Let me explain why this strategy adds safety, increases long term appreciation potential and pays almost double short term income right now.

During the past five years, I have been steadily accumulating the same good value ETFs.  I have traded only five times, so my trading costs, my fuss, fiddle and time spent have been kept to an absolute minimum.

I have been investing in iShare country ETFs.  Each one invests in the MSCI Index of one of the top value markets above.

My strategy protects against stock market volatility and yet has potential for the best gains long term from rising share prices by holding an equally weighted portfolio of the best value based country ETFs.

The Purposeful Investing Course uses Keppler analytics to track 46 stock markets around the world into determine which markets offer the best value.

Since no one knows what the future will bring, investing in value makes the most long term sense.

Plus Value ETFs are Safer

The people who dominate stock markets include a pack of thieves.  This fact has always been true.  We were recently reminded of this fact when Wirecard AG, one of Europe’s most prestigious companies, listed on Germany’s premier stock-market index, the Dax 30 fooled everyone including its top grade, longtime auditor, Ernst & Young GMBH.

The shares in German fintech company Wirecard AG (symbol WDI fell 63.74% as it filed for insolvency proceedings, after revealing that more than $2 billion in cash missing from its balance sheet was all a fraud.  The company’s market value fell to less than €500 million from almost €13 billion in a week.

Investors have seen this type of rip off again and again, really big scams from Enron to Bernie Madoff and these are just the tip of the iceberg.

Shares in stock markets are manipulated all the time.  Stock markets (in fact almost all types of markets) are led by sharks plain and simple.  Count on this fact.  This is the nature of the beast and the number one goal of many big businesses is to take as much of your money as they can to line their pockets.

In the Wirecard AG example many  thousands of investors have seen their hard work, their thrift, their security and hopes for the future disappear, even though they seemingly did everything right by investing in a blue chip, new era, high tech company.

A study of 92 years of investment returns shows that, despite the fraud and cheating and deceit, stock markets are still a good way to make your money grow… if you invest long term and diversify.

keppler

Our Purposeful Investing Course (Pi) strategy makes it harder for cheaters to grab your wealth because it’s very hard to manipulate an entire stock market, much less a dozen or so stock markets around the world.

Manipulators have a hard time tricking an entire market, especially larger markets.  If you get the best value country ETFs, your chances of long term profits improve.

Pi teaches an 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.

Sticking to math based stock market value and country ETFs eliminates the need for hours of research aimed at picking specific shares.   Investing in an index is like investing in all the major shares of the market.  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 Pi portfolio consists of iShare Country Index ETFs managed by Black Rock, Inc.

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.

My developed market portfolio has been diversified into eight developed markets: Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

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

The ETFs provide higher income and incredible diversification for safety, plus the highest long term profit potential.

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

There is an iShares country ETF for most stock markets around the world.

Here’s how you can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.  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.

You also receive a 100+ 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 of all 46 markets.

This year I will celebrate my 52nd anniversary of global investing and 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 the Pi course.

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.

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 higher 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%.

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 $124.50 off the subscription.

Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report and access to all the updates of the past two years, plus all new updates over the next year.

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 in the first two months for a full no fuss full refund.

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

Due to the COVID-19 pandemic we have cut the subscription to $174.50.  You save $124.50!

Then because this global recovery from the pandemic is going to take years, we’ll maintain your subscription at just $99 a year rather than $299.  Your subscription will be autorenewed in 2021 at $99, though you can cancel at any time.

Click here to subscribe to Pi at the discounted rate of $174.50

Subscribe to Pi today and you get a year’s subscription to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, plus begin receiving regular Pifolio updates throughout the year.

Gary

(1) Ycharts.com corporate bond yields

(1) www.wsj.com/articles/deposit-rates-are-taking-a-pandemic-nosedive-11605177008?mod=itp_wsj&mod=&mod=djemITP_h

(2)  www.investopedia.com/ask/answers/101314/what-does-current-cost-living-compare-20-years-ago.asp

 

Inflation Fears


Inflation or not… that is the question.

Almost everything I have learned about currencies and economies over the past 52 1/2 years of global investing, is that excessive government spending and debt creates inflation.  I say almost, because the most important lesson gained in these five decades is Golden Rule of Investing #1: “There is always something you do not know“.

I  think we’ll see serious inflation. My only question is how soon.  Yet I could be wrong.

What I do know for sure, is that everyone should have a plan to survive for inflation.

pixabay

The Wall Street Journal article “How to Avoid Paying the Cruelest Tax: Inflation” provides some ideas of what to do and what not to do.

It of course mentions holding gold, but shares a couple of other ideas such as  Chinese bonds and sellers of consumable goods such as grocery stores Kroger and Albertsons.

The article says: Retailers might be another good place to ride out an inflationary wave, though it matters what the company sells and how flush consumers feel when prices start rising. Sellers of consumable goods such as grocery stores Kroger and Albertsons, big box retailers like Walmart and Target and even dollar stores are likely to fare well no matter what the unemployment levels are because they sell essentials.

Food retailers with successful private label brands, which yield higher margins, might see an advantage over those that don’t. Supermarket-branded soup, for example, will look more appealing than Campbell’s at a time when everything becomes more expensive.

The article also calls bonds “Certificates of Confiscation”.

Bonds become “certificates of confiscation.” Broadly speaking, inflation shrinks private savings and bails out people and governments that have borrowed heavily. But not everything withers: Some investments could do quite well.

If the textbooks are right this time then the worst victim of a bout of inflation would be bonds. The 10-year Treasury note, yielding just 0.7%, is already an invitation to lose money.

But not all government bonds would do so badly. Consider China. The Treasury of the world’s second-largest economy has been relatively restrained in terms of stimulus. Nominal ten-year Chinese yields, currently at 3.15% according to FactSet, are around 2.45 percentage points higher than U.S. Treasurys, and the gap in real terms is even higher. If U.S. inflation accelerates, and especially if the Fed keeps rates low anyway, then that return could get an extra boost from the impact of a falling dollar relative to the yuan. No wonder foreign investors bought nearly 300 billion yuan ($44 billion) of Chinese government debt in the first eight months of 2020, triple the amount during the same period last year.

 

wsj.com

The article includes the graph above.  We have to ask ourselves, “what happens to out investments, if we see inflation similar to the 1970s and 19080s?

Investors worried that record budget deficits and massive Fed bond buying will stoke a big rise in inflation have places to hide aside from hoarding gold coins—some of them surprising

It is tempting to trust that inflation went the way of disco and bell bottoms, but hope isn’t a strategy. Investors concerned about protecting the buying power of their savings don’t need to take refuge in precious metals or cryptocurrency—there are some plain vanilla options that could hold up well.

With their portfolios gyrating and an election looming, investors are spending more time than usual pondering what their taxes will look like in the future. But they haven’t given much thought lately to “the cruelest tax”—inflation. Maybe they should.

The article also suggests that the stock market overall might not be the best solution.

wsj.com

The chart above, from the article, shows how inflation can eat into stock market performance.

The article explains the problem.  In theory stocks offer a natural hedge against inflation, at least compared with bonds. Businesses that can raise their own prices should be able to grow their earnings more quickly, helping shareholders keep pace. Since 1880 equities have risen by more than inflation 88% of the time on a rolling, 10-year basis, according to a study by Goldman Sachs.

But Goldman found the highest real—or inflation-adjusted—returns for equities came when inflation was low. In 10-year periods where the consumer-price index rose by between 0% and 1.5% on average, the S&P 500 posted a real annual return of 10.6%. That return fell to 8.7% when inflation is between 1.5% and 2%, and to 6.5% when inflation is between 2% and 2.5%. When inflation is above 6%, the average annual real return was just 1.2%.

This information suggests that if we see high inflation again, he real return in the stock market might barely be above zero for an extended period of time.  We should build this risk into our financial plans.

I personally include a lot of income producing, appreciating real estate in my plan.  PLus my equity portfolio is based on holding good value shares as explained below.

Gary

Add Safety, Profit & Get Paid Double

The next four years will be a period of high overseas stock growth.

The chart below shows the last 26 years of real-time forecasting by the global equity analyst we track to make our portfolio decisions.

The analyst is Keppler Asset Management and the index they create The KAM Equally Weighted World Index is 15.4% below the value that the analyst forecast four years ago in September 2016.

The chart shows how in the past, two and a half decades there have been four opportunities (red Xs) when the entry levels in global markets were below or around the lower valuation band.  In the previous three low points like this, there has always been the highest growth and positive returns three to five years later.

keppler

 

So it’s good to know that if you invest in global stock markets overall, now, you’ll make capital gains over the next four or five years.

More importantly you get paid more income now!

Current markets have turned economic history upside down.  Normally bonds pay the highest interest rates and add safety to a portfolio.  Not in 2020.

This year equities have been paying a higher yield than bonds.

As of November 2020, according to Ycharts.com, (1)  AA bond yields are at 1.59%.

ycharts.com

 

The US MSCI Index pays a modest 1.68% as of November 2020 .  That’s a terrible yield, but better than the 1.59% you can get in AA rated corporate bonds.

Just because US stocks pay more than dollar denominated bonds, does not mean they offer the best income deal.  In fact US shares pay one of the lousiest average yields of the 46 stock markets we, via Keppler, monitor around the world.

Eight solid, top value stock markets (shown below) not only add diversification and the best long term profit potential, they pay more than double the average US yield.  They pay  3.57% compared to the US yield of 1.68%.

keppler

This is why my core stock portfolio consists of a handful of top value share ETFs and this position has hardly changed in five years.

Let me explain why this strategy adds safety, increases long term appreciation potential and pays almost double short term income right now.

During the past five years, I have been steadily accumulating the same good value ETFs.  I have traded only five times, so my trading costs, my fuss, fiddle and time spent have been kept to an absolute minimum.

I have been investing in iShare country ETFs.  Each one invests in the MSCI Index of one of the top value markets above.

My strategy protects against stock market volatility and yet has potential for the best gains long term from rising share prices by holding an equally weighted portfolio of the best value based country ETFs.

The Purposeful Investing Course uses Keppler analytics to track 46 stock markets around the world into determine which markets offer the best value.

Since no one knows what the future will bring, investing in value makes the most long term sense.

Plus Value ETFs are Safer

The people who dominate stock markets include a pack of thieves.  This fact has always been true.  We were recently reminded of this fact when Wirecard AG, one of Europe’s most prestigious companies, listed on Germany’s premier stock-market index, the Dax 30 fooled everyone including its top grade, longtime auditor, Ernst & Young GMBH.

The shares in German fintech company Wirecard AG (symbol WDI fell 63.74% as it filed for insolvency proceedings, after revealing that more than $2 billion in cash missing from its balance sheet was all a fraud.  The company’s market value fell to less than €500 million from almost €13 billion in a week.

Investors have seen this type of rip off again and again, really big scams from Enron to Bernie Madoff and these are just the tip of the iceberg.

Shares in stock markets are manipulated all the time.  Stock markets (in fact almost all types of markets) are led by sharks plain and simple.  Count on this fact.  This is the nature of the beast and the number one goal of many big businesses is to take as much of your money as they can to line their pockets.

In the Wirecard AG example many  thousands of investors have seen their hard work, their thrift, their security and hopes for the future disappear, even though they seemingly did everything right by investing in a blue chip, new era, high tech company.

A study of 92 years of investment returns shows that, despite the fraud and cheating and deceit, stock markets are still a good way to make your money grow… if you invest long term and diversify.

keppler

Our Purposeful Investing Course (Pi) strategy makes it harder for cheaters to grab your wealth because it’s very hard to manipulate an entire stock market, much less a dozen or so stock markets around the world.

Manipulators have a hard time tricking an entire market, especially larger markets.  If you get the best value country ETFs, your chances of long term profits improve.

Pi teaches an 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.

Sticking to math based stock market value and country ETFs eliminates the need for hours of research aimed at picking specific shares.   Investing in an index is like investing in all the major shares of the market.  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 Pi portfolio consists of iShare Country Index ETFs managed by Black Rock, Inc.

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.

My developed market portfolio has been diversified into eight developed markets: Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

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

The ETFs provide higher income and incredible diversification for safety, plus the highest long term profit potential.

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

There is an iShares country ETF for most stock markets around the world.

Here’s how you can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.  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.

You also receive a 100+ 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 of all 46 markets.

This year I will celebrate my 52nd anniversary of global investing and 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 the Pi course.

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.

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 higher 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%.

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 $124.50 off the subscription.

Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report and access to all the updates of the past two years, plus all new updates over the next year.

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 in the first two months for a full no fuss full refund.

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

Due to the COVID-19 pandemic we have cut the subscription to $174.50.  You save $124.50!

Then because this global recovery from the pandemic is going to take years, we’ll maintain your subscription at just $99 a year rather than $299.  Your subscription will be autorenewed in 2021 at $99, though you can cancel at any time.

Click here to subscribe to Pi at the discounted rate of $174.50

Subscribe to Pi today and you get a year’s subscription to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, plus begin receiving regular Pifolio updates throughout the year.

Gary

(1) Ycharts.com corporate bond yields

www.wsj.com: How to avoid paying the cruelest tax inflation

Inflation Rips


RIP… Boomer pensions, investments and savings. 

But we cannot.  Boomers cannot rest because inflation is about the rip.

Numerous messages at this site have warned about the fact that the “lies, damn lies and statistics” reality has been in effect for some time.   Inflation, for a large part of the population, is much higher than statistics show.

Anyone who shops for their own food (as I do) can attest to this fact.

Now even the Fed is admitting this truth and also admitting that there is nothing they can do about it.

In a monetary world gone crazy, the Federal Reserve Bank, as much as many may hate it, was the last line of defense against irresponsible politicians who create inflation.

pixabay

There has been a lot of inflation in the products and services that matter most to a majority of society, such as food and housing, even though this monetary reality has been tamped down in several ways.

First statistics have been manipulated to make it look like there is less inflation. For example if steak became more expensive for the common man, it was replaced in the Cost-of-Living index with hamburger or some lower cost alternative.

This creates life style erosion inflation. Prices do not rise so much.  Choices just become more limited or quality drops.  We can live for the same price… just not as well.

Second, we gained an enormous productivity bump with cell phones and the internet. Inflation comes when money supply expands past productivity… so this bump helped keep costs down… but again we paid a price in loss of freedom. When the phone was tied to a cord, an was free. Now wherever we go… whenever… work can get in touch.

Third, energy costs dropped due to shale oil recovery tactics.

A “Peak Oil” crisis that would push energy prices into higher zones did not  appear.  Instead the US reclaimed its position as a major oil producer and  even exporter of oil.   This is terrible for the environment in the long term and we’ll probably pay huge prices down the road… but for now, this helped temper inflation.

Fourth, the 2009, 2010 quantitative easing helped businesses keep going and prepare for the greatest economic boom we have every seen.  This surge in wealth was fueled by the transition from a wired, physical reality to an cloud based, virtual reality led by tech companies like Amazon, Facebook, Google, Apple, etc.

Fifth the way employers hire morphed drastically.   The man in the grey flannel suit is gone!  During the last decade Amazon.com became the 2nd largest employer on earth chasing after Walmart, the largest.  This was a signal of a huge social economic transition, but one of the biggest inflation fighting difference is the way Amazon and WalMart (and other tech companies employee people… without pensions…. without health care…. without job security… as part time workers.

This new hiring technology and the gig economy lowers the cost of living, at the price of income and wealth equality.  The few get richer as more move towards the poverty line. This may be why the “Black Lives Matter” demonstrations and riots have so many white supporters in places like Portland Oregon where only 6% of the population is black.

The unrest is more about growing wealth inequality in all races, rather than cultural inequality.

Sixth, the gig economy, AIRBNB and Uber are great examples, shifted trillions of dollars in
homes and cars and other personal assets into commercial assets.  AIRBNB for example added over a million hotel rooms into the world without a penny of construction investment.  Uber likewise created an incredible global fleet without spending a penny on automobiles. Think about what these additions did to keep hotel and taxi costs down. These are hug anti inflation events.

Seventh the Fed kept interest rates low so businesses could produce products and services for less.  Regretfully these low rates also let politicians borrow wantonly so they could push now problems into the future and accumulate huge piles of government debt.

Many of these one time inflation dampening events have taken place. There is not much left to stop runaway inflation.  The Fed’s ability to raise interest rates is (or rather was) the last line of inflationary defense.

The Wall Street Journal article , “Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation”, (1) shows that even this protection is now gone.

The article says: Central bankers look to change long-running strategy to encourage lower rates, shift unemployment-inflation dynamic.

The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades.

Instead, Fed officials would take a more relaxed view by allowing for periods in which inflation would run slightly above the central bank’s 2% target, to make up for past episodes in which inflation ran below the target.

“It would be a significant change in terms of how they are thinking about” the trade-off between employment and inflation, said Jan Hatzius of Goldman Sachs. “A lot of those things look very different now from the way they looked a few years ago,” he said.

The change being contemplated now is a way of essentially telling markets that rates will stay low for a very long time. Markets have likely already picked up on this change, given the continued declines in long-term interest rates.

The Fed formally adopted the 2% inflation goal, a level it regards as consistent with healthy economic growth, in 2012. At the time, short-term rates also were pinned near zero. But central bankers, economists and investors still expected those rates to return to more normal levels of 4% or so once the economic expansion matured.

Inflation and low interest rates will help stock markets remain strong.  This is good for investors, if they have time to let their investments grow.

The US stock market is likely to see the “2020 Decade” as one of high volatility.  Investors who have to draw on their  investments for income are at risk of loss if they have to draw down on their investments during times of market correction.

One answer to this problem is to invest in equities that fight inflation and pay higher dividends.

Gary

Add Safety, Profit & Get Paid Double

The next four years will be a period of high overseas stock growth.

The chart below shows the last 26 years of real-time forecasting by the global equity analyst we track to make our portfolio decisions.

The analyst is Keppler Asset Management and the index they create The KAM Equally Weighted World Index is 15.4% below the value that the analyst forecast four years ago in September 2016.

The chart shows how in the past, two and a half decades there have been four opportunities (red Xs) when the entry levels in global markets were below or around the lower valuation band.  In the previous three low points like this, there has always been the highest growth and positive returns three to five years later.

keppler

 

So it’s good to know that if you invest in global stock markets overall, now, you’ll make capital gains over the next four or five years.

More importantly you get paid more income now!

Current markets have turned economic history upside down.  Normally bonds pay the highest interest rates and add safety to a portfolio.  Not in 2020.

This year equities have been paying a higher yield than bonds.

As of November 2020, according to Ycharts.com, (1)  AA bond yields are at 1.59%.

ycharts.com

 

The US MSCI Index pays a modest 1.68% as of November 2020 .  That’s a terrible yield, but better than the 1.59% you can get in AA rated corporate bonds.

Just because US stocks pay more than dollar denominated bonds, does not mean they offer the best income deal.  In fact US shares pay one of the lousiest average yields of the 46 stock markets we, via Keppler, monitor around the world.

Eight solid, top value stock markets (shown below) not only add diversification and the best long term profit potential, they pay more than double the average US yield.  They pay  3.57% compared to the US yield of 1.68%.

keppler

This is why my core stock portfolio consists of a handful of top value share ETFs and this position has hardly changed in five years.

Let me explain why this strategy adds safety, increases long term appreciation potential and pays almost double short term income right now.

During the past five years, I have been steadily accumulating the same good value ETFs.  I have traded only five times, so my trading costs, my fuss, fiddle and time spent have been kept to an absolute minimum.

I have been investing in iShare country ETFs.  Each one invests in the MSCI Index of one of the top value markets above.

My strategy protects against stock market volatility and yet has potential for the best gains long term from rising share prices by holding an equally weighted portfolio of the best value based country ETFs.

The Purposeful Investing Course uses Keppler analytics to track 46 stock markets around the world into determine which markets offer the best value.

Since no one knows what the future will bring, investing in value makes the most long term sense.

Plus Value ETFs are Safer

The people who dominate stock markets include a pack of thieves.  This fact has always been true.  We were recently reminded of this fact when Wirecard AG, one of Europe’s most prestigious companies, listed on Germany’s premier stock-market index, the Dax 30 fooled everyone including its top grade, longtime auditor, Ernst & Young GMBH.

The shares in German fintech company Wirecard AG (symbol WDI fell 63.74% as it filed for insolvency proceedings, after revealing that more than $2 billion in cash missing from its balance sheet was all a fraud.  The company’s market value fell to less than €500 million from almost €13 billion in a week.

Investors have seen this type of rip off again and again, really big scams from Enron to Bernie Madoff and these are just the tip of the iceberg.

Shares in stock markets are manipulated all the time.  Stock markets (in fact almost all types of markets) are led by sharks plain and simple.  Count on this fact.  This is the nature of the beast and the number one goal of many big businesses is to take as much of your money as they can to line their pockets.

In the Wirecard AG example many  thousands of investors have seen their hard work, their thrift, their security and hopes for the future disappear, even though they seemingly did everything right by investing in a blue chip, new era, high tech company.

A study of 92 years of investment returns shows that, despite the fraud and cheating and deceit, stock markets are still a good way to make your money grow… if you invest long term and diversify.

keppler

Our Purposeful Investing Course (Pi) strategy makes it harder for cheaters to grab your wealth because it’s very hard to manipulate an entire stock market, much less a dozen or so stock markets around the world.

Manipulators have a hard time tricking an entire market, especially larger markets.  If you get the best value country ETFs, your chances of long term profits improve.

Pi teaches an 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.

Sticking to math based stock market value and country ETFs eliminates the need for hours of research aimed at picking specific shares.   Investing in an index is like investing in all the major shares of the market.  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 Pi portfolio consists of iShare Country Index ETFs managed by Black Rock, Inc.

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.

My developed market portfolio has been diversified into eight developed markets: Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

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

The ETFs provide higher income and incredible diversification for safety, plus the highest long term profit potential.

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

There is an iShares country ETF for most stock markets around the world.

Here’s how you can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.  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.

You also receive a 100+ 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 of all 46 markets.

This year I will celebrate my 52nd anniversary of global investing and 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 the Pi course.

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.

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 higher 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%.

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 $124.50 off the subscription.

Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report and access to all the updates of the past two years, plus all new updates over the next year.

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 in the first two months for a full no fuss full refund.

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

Due to the COVID-19 pandemic we have cut the subscription to $174.50.  You save $124.50!

Then because this global recovery from the pandemic is going to take years, we’ll maintain your subscription at just $99 a year rather than $299.  Your subscription will be autorenewed in 2021 at $99, though you can cancel at any time.

Click here to subscribe to Pi at the discounted rate of $174.50

Subscribe to Pi today and you get a year’s subscription to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, plus begin receiving regular Pifolio updates throughout the year.

Gary

(1) Ycharts.com corporate bond yields

wsj.com: Fed weighs abandoning pre emptive rate moves to curb inflation

 

 

What’s Inflation


Inflation is caused by too much money without enough products or services to spend it on.

The quotes below from Yuval Noah Harari, author of several successful books including “Homo Deus: A History of Tomorrow” and “Sapiens: A Brief History of Humankind” can help us understand inflation.

Sapiens rule the world because only they can weave an intersubjective web of meaning: a web of laws, forces, entities and places that exist purely in their common imagination. This web allows humans alone to organise crusades, socialist revolutions and human rights movements.”

“Fiction isn’t bad. It is vital. Without commonly accepted stories about things like money, states or corporations, no complex human society can function.

“Money is the most universal and most efficient system of mutual trust ever devised.”

Society needs money.  Money makes it possible for us to buy and sell without bartering.  Money gives us a “medium of exchange,” which allows our complex global, economic system to function.

Money acts as a way to put tangible, universal value on commodities and services.  It helps us compare the value of one thing with another.  Money gives us a “unit of value,” which allows us to make decisions about purchases and investments.

Money needs trust.

With trust, money provides a way to store wealth — to preserve current purchasing power for spending at a later date.

Money must be “real and rare” to have this trust.  Only money created by real production can be real money that survives inflation, because rarity creates trust.

Money must be universal in value and acceptable to everyone, portable, divisible, uniform in quality, durable, safe and rare.

This is why gold has lasted as a form of money.  This precious metal has all of the qualities required of money.  Yet if you compare gravel to gold, you will see that gravel also has most of these qualities, except rarity.  Gravel is so common the temptation would be to just pick it up on the road, rather than work for it.

Money must offer an incentive to work and apply discipline.  Rarity creates this incentive.

Reducing the quality of rarity creates inflation.  When a government reduces the rarity of its money, the action destroys the money’s value.

Because almost all money is issued and controlled by governments, its rarity is at risk, so money is only a temporary store of value… but it is not a solid asset.

Why didn’t we see inflation after the super stimulus  of money after the 2008 recession?  

There is always something we do not know.  This is my first golden rule of investing.  That rule was certainly proven when my expectations of inflation when the US dumped billions of support into the monetary system during the 2009 ‘quantitative easing’ but did not create inflation.

Was everything I thought I know about money wrong?

I don’t think so.  Inflation was avoided in part, I believe, due to a technology bump.  The growth in use of the cell phone, internet and sophisticated algorithms changed our ways of life and boosted productivity enough to create alternate demands that absorbed the extra money that governments had spread around.

In addition super hot stock markets absorbed a lot of the extra monetary supply as well.

ENR Asset Management CEO Eric Roseman looked at the potential for inflation.

ENR is one of the very few SEC registered investment advisors that can help US investors bank and hold assets with non US banks. (1)

Eric wrote:  “Central Bank printing and Government fiscal spending almost assure an inflationary episode.

Don’t Bet on Repeat of 2009-2019 Central Bank.

Outcome of Soaring Assets and Low Inflation.

No two economic outcomes are ever the same. Following the near collapse of the banking system in the fall of 2008 following the demise of Lehman Brothers, the subsequent combined unorthodox monetary stimulus and asset purchases (dubbed ‘quantitative easing’) by central banks eventually halted the destruction of credit and deflation that almost ruined the world economy.

Many shrewd investors, hard-money advocates and monetarists all warned of an impending inflationary boom as a result of the trillions of dollars minted by central banks post-2008 – myself included. It was inconceivable that inflation wouldn’t eventually rear its ugly head at some point because the Federal Reserve has ‘gone off the deep end’ printing bundles of cash along with the world’s other major central banks.

But it didn’t happen.

To this day, central banks in the G20 economies can’t grow inflation to meet their annual targets; in short, there’s an inflation deficit. This is currently the lowest cumulative ten-year inflation period since the 1930s (see second chart).

enr asset mgt

The Federal Reserve’s balance sheet is exploding, growing by about $3 trillion since mid-March and now totaling more than $7 trillion (see above chart).

It could conceivably exceed $10 trillion by year end, as the central bank buys corporate bonds, municipal securities and makes loans to medium-sized businesses while purchasing $80 billion of Treasuries and $40 billion of agency mortgage-backed securities (MBS) each month. This would be more than double the peak that the Fed’s balance sheet reached after the 2008-09 financial crisis.

Since the start of 2020, the Fed’s balance-sheet has expanded by a massive $3 trillion to 33% of gross domestic product compared to 19% as of December 31, 2019.

According Tim Congdon at the Institute of International Monetary Research at the University of Buckingham in the United Kingdom, growth in the broadest measure of money supply has broken all modern peace times American records, up by 25.5% in the 12 months ending May 31.

According to hard-money advocate and editor of the widely acclaimed, Grant’s Interest Rate Observer, Jim Grant claims ‘The record of the crises of the past 20 years, beginning with the post-millennium dotcom crash, is one of lower and lower interest rates, and of greater and more aggressive bond-buying.’

enr asset mgt

Indeed, global fiscal and monetary support has been nothing less than stunning.

Morgan Stanley notes that the central banks of the G4 countries – U.S., Japan, Europe and U.K. – will collectively expand their balance sheets by 28% of GDP over this cycle. The equivalent number during the 2008 financial crisis was 7%. And fiscal deficits are surging, too. Across the G4 and China, Morgan Stanley forecasts deficits will hit 17% of GDP in 2020.

Goldman Sachs, in another study, claims virus relief spending has resulted in global debt levels soaring to their highest since WW II to more than 150% of GDP.

The big difference compared to 2008, however, is that this isn’t a banking crisis; today, most of this stimulus is flowing to non-financial corporates and households. Checks are flowing to individuals to keep wage earners solvent or liquid enough to meet short-term debt and spending requirements.

The paragraph above is of utmost importance.   Think about it.  The stimulus of 2008-2009 was given to keep people working.  The current stimulus is to pay people not to work.  This may have a decisive role in the money versus supply balance and be a tipping point for inflation.

That’s happening in the United States, Canada, U.K. and the euro-zone.

Eric goes on to say: With central banks and governments poised to do whatever it takes to keep deflation from accelerating, investors are again wagering on a similar outcome that occurred following the 2008 credit collapse. If the Fed and other central banks are printing much more compared to a decade ago, then stocks and other risky assets have to rise in value.

It’s a guarantee. That’s the prevailing mindset.

Only this time, I think inflation will surprise everyone, including the Fed.

Eric ends the advisory by saying: “Stocks have been in the process of correcting since mid-June following a surge of Covid-19 cases across 31 states and in several nations, including India, Brazil and China. Though the risk of another countrywide lockdown is unlikely in the United States, investors should monitor outcomes as cases explode higher in Texas, Florida, Arizona, California, and other U.S. hotspots that might adversely affect consumption trends.

Regretfully the media is reporting that COVID-19 is again on the rise and Congress is looking at sending the economy more stimulus.

Investments in the stock market have traditionally been the best way to fight inflation.

Gary

Coronavirus and the Stock Market Round Two

Coronavirus and the stock market.  Round Two is coming.

This virus and the market faced off in the spring.  The market won.  As the chart below shows, after a huge March 2020 collapse,the DJIA is almost back to its December 2019 level.

stocks

The market’s back up, but history suggests that we’ll see volatility in the ten years ahead.

Here is a chart of the Dow Jones Index for the past three decades.  The .dotcom bubble burst just before the beginning of the 2000 decade.

microtrends.com

The market then went nowhere from 2000 to 2014.   Finally it started reaching new high levels.

Such decades long sideways movement after a severe correction is nothing new in the stock market.

So everything’s in order… except the pandemic.  The ravages of the coronavirus dramatically increase the unknown and this uncertainty is the greatest purveyor  of weakness that a stock market can have.

Such delays have profound implications for older generations who may need to cash in equities for income.  How do we maximize the return on your savings and investments during this extremely dangerous time?

For the past five years, my strategy, to protect against the next stock market crash and yet gain income and appreciation from rising share prices is to invest in an equally weighted portfolio of the value based country ETFs.

We track 46 stock markets around the world in our Purposeful Investing Course (Pi) to determine which markets offer the best value so we can be in a perfect position to take advantage of stock market corrections all over the world.

Since no one knows what the future will bring, investing in value makes the most long term sense.

Our Purposeful Investing Course (Pi) teaches 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.

Sticking to math based stock market value and country ETFs eliminates the need for hours of research aimed at picking specific shares.   Investing in an index is like investing in all the major shares of the market.  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 Pi portfolio consists of Country Index ETFs.

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

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

Here is the Pifolio I personally held at the beginning of 2019.  Now I am updating my plan to decide when it’s best to invest more.

70% is diversified into developed markets: Austria, Canada, China, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

30% of the Pifolio is invested in emerging markets: Brazil, Chile, Colombia, South Korea, Malaysia and Taiwan.

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

The ETFs provide incredible diversification for safety.  For example, the iShares MSCI  Japan (symbol EWJ) is a Country Index ETF that tracks the investment results the Morgan Stanley Capital Index MSCI Japan Index which is composed mainly of large cap and small cap stocks traded primarily on the Tokyo Stock Exchange mainly of companies in consumer staples, financials and materials. This ETF is non-diversified outside of Japan so an investment in the ETF is an investment in hundreds of different Japanese shares.

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

There is an iShares country ETF for almost every market.

You can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.   I call this strategy Purposeful Investing (Pi).  You learn all the Pi strategies, what they are, how to use them and what each can do for you, your lifestyle and investing.

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.

You also receive a 100+ 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.

This year I will celebrate my 52nd anniversary of global investing and 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.

Those five decades of experience have taught me several incredibly valuable lessons.

The first lesson is that there is always something we do not know.

The second lesson is that stock market booms and busts always eventually return to value.

Third, the only sure way to succeed is to use time not timing.

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.

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%.

Subscribe to the first year of The Personal investing Course (Pi).  The annual fee is $299, but during the pandemic to introduce you to this online course  I am knocking $124.50 off the subscription.

Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report and access to all the updates of the past two years.

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 in the first two months for a full no fuss full refund.

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

Due to the COVID-19 pandemic we have cut the subscription to $174.50.  You save $124.50!

Then because this global recovery is going to take years, we’ll maintain your subscription at just $99 a year rather than $299.  Your subscription will be autorenewed in 2021 at $99, though you can cancel at any time.

Click here to subscribe to Pi at the discounted rate of $174.50

Subscribe to Pi today and you get a year’s subscription to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, plus begin receiving regular Pifolio updates throughout the year.

Gary

 

(1) http://enrassetmanagement.com/

 

Inflation or Deflation


The very large and sudden drop in global commercial activity has dramatically reduced government revenues.

This has created fiscal shortages… everywhere… city, county, state, national… globally.

The New York Times article “Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen” (1) points out that  emerging countries are especially troubled.

The article says: Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus.

The president of Tanzania has called on “our rich brothers” to cancel his country’s debt. Belarus veered toward a default when a promised $600 million loan from Russia fell through. Russia couldn’t spare the money because the ruble had taken a nose-dive, along with oil and gas prices. Lebanon, troubled even before the pandemic, has embarked on its first debt restructuring. And Argentina has defaulted again — for the ninth time in its history.

inflation

Developing country debt is a global problem because the economy is global.

Developing countries owe record amounts of money to investors, governments and others outside their borders.

The pandemic is making it difficult, if not impossible, for that debt to be repaid or even serviced.  Governments are indebted for billions of dollars in interest and principal repayments.  These payments have actually risen due to weakness in the poor countries’ currencies.

More poor countries will default on their debt than have in the past four decades.  This is a problem for the world because the money was owed to richer nations and private investors around the world.   In essence, that money is gone.

Richer nations such as the U.S. have the same problem in a different way.

The basic problem is still not enough money to service and pay back debt.

Poorer nations solve the problem simply by not paying.  Richer nations print more money instead.

inflation

A New York Times article “US Debt and Corona virus” (2) explains how this works,

The article says: Last week, a bipartisan group of 60 members of the U.S. House of Representatives sent a letter to congressional leadership, raising concerns about mounting debt and deficits that have come as a result of the federal government’s response to the coronavirus pandemic.  The letter warned of “irreparable damage to our country” if nothing is done to stem the tide of red ink.

The article then reveals what it calls a deficit myth: “that America’s debt and deficits are on an unsustainable path and that we need to develop a plan to fix the problem”.

The author of this article is a proponent of Modern Monetary Theory.  He is a former chief economist for the Democrats on the Senate Budget Committee and is intimately familiar with how public finance actually works.

He does not believe that the federal government needs to manage its finances in ways that holds spending in line with revenues and avoids adding debt whenever possible.

He believes that a crucial reality is  that governments in nations that maintain control of their own currencies  such as Japan, Britain and the United States, and unlike Greece, Spain and Italy — can increase spending without needing to raise taxes or borrow currency from other countries or investors.

The way sovereign debt has been allowed to rise, while interest rates have fallen, provides some merit to this thought.

The article points out the only restraints to MMT.

That doesn’t mean they can spend without limit, but it does mean they don’t need to worry about “finding the money,” as many politicians state, when they wish to spend more. Politics aside, the only economic constraints currency-issuing states face are inflation and the availability of labor and other material resources in the real economy.

The article also included a story about a man who wanted his two teenagers to work around the house, the yard mowed, the beds made, the dishes done, the cars washed and so on. To encourage them to help out, he promised to compensate them by paying for their labor with his business cards.

“Why would we work for your business cards?” they told him. So instead of offering to compensate them for volunteering to work he demanded a payment of 30 of his business cards, each month. Failure to pay would result in a loss of privileges: no more TV, use of the swimming pool or shopping trips to the mall.

The man had essentially imposed a tax that could be paid only with his own monogrammed paper. And he was prepared to enforce it. Now the cards were worth something. Before long, the kids were tidying up their bedrooms, the kitchen and the yard to maintain the lifestyle they wanted.

This, broadly speaking, is how our monetary system works. It is true that the dollars in your pocket are, in a physical sense, just pieces of paper.

This year our government has been showing us — in practice — exactly how M.M.T. works: It committed trillions of dollars this spring that in the conventional economic sense it did not “have.” It didn’t raise taxes or borrow from China to come up with dollars to support our ailing economy. Instead, lawmakers simply voted to pass spending bills, which effectively ordered up trillions of dollars from the government’s bank, the Federal Reserve. In reality, that’s how all government spending is paid for.

This will eventually bring inflation which  is too much money and too little production.

The shift of our global economy from broadband to broadcast, to a computer driven internet linked, modality has increased productivity by a quantum leap.  This helped keep inflation in check while government deficits rose over the last two decades.

This productivity boost cannot be relied on forever.  As governments increasingly use MMT, the reality of the economic constraint, inflation, is more likely to kick in, so beware.

No one knows the limits of MMT, but when reached inflation will rise, interest rates will go up, and taxes will have to be increased to service the huge debt.  The stock market will likely weaken then, so when you invest now, be sure to invest in good value.

Gary

Coronavirus and the Stock Market Round Two

Coronavirus and the stock market.  Round Two is coming.

This virus and the market faced off in the spring.  The market won.  As the chart below shows, after a huge March 2020 collapse,the DJIA is almost back to its December 2019 level.

stocks

The market’s back up, but history suggests that we’ll see volatility in the ten years ahead.

Here is a chart of the Dow Jones Index for the past three decades.  The .dotcom bubble burst just before the beginning of the 2000 decade.

microtrends.com

The market then went nowhere from 2000 to 2014.   Finally it started reaching new high levels.

Such decades long sideways movement after a severe correction is nothing new in the stock market.

So everything’s in order… except the pandemic.  The ravages of the coronavirus dramatically increase the unknown and this uncertainty is the greatest purveyor  of weakness that a stock market can have.

Such delays have profound implications for older generations who may need to cash in equities for income.  How do we maximize the return on your savings and investments during this extremely dangerous time?

For the past five years, my strategy, to protect against the next stock market crash and yet gain income and appreciation from rising share prices is to invest in an equally weighted portfolio of the value based country ETFs.

We track 46 stock markets around the world in our Purposeful Investing Course (Pi) to determine which markets offer the best value so we can be in a perfect position to take advantage of stock market corrections all over the world.

Since no one knows what the future will bring, investing in value makes the most long term sense.

Our Purposeful Investing Course (Pi) teaches 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.

Sticking to math based stock market value and country ETFs eliminates the need for hours of research aimed at picking specific shares.   Investing in an index is like investing in all the major shares of the market.  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 Pi portfolio consists of Country Index ETFs.

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

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

Here is the Pifolio I personally held at the beginning of 2019.  Now I am updating my plan to decide when it’s best to invest more.

70% is diversified into developed markets: Austria, Canada, China, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

30% of the Pifolio is invested in emerging markets: Brazil, Chile, Colombia, South Korea, Malaysia and Taiwan.

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

The ETFs provide incredible diversification for safety.  For example, the iShares MSCI  Japan (symbol EWJ) is a Country Index ETF that tracks the investment results the Morgan Stanley Capital Index MSCI Japan Index which is composed mainly of large cap and small cap stocks traded primarily on the Tokyo Stock Exchange mainly of companies in consumer staples, financials and materials. This ETF is non-diversified outside of Japan so an investment in the ETF is an investment in hundreds of different Japanese shares.

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

There is an iShares country ETF for almost every market.

You can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.   I call this strategy Purposeful Investing (Pi).  You learn all the Pi strategies, what they are, how to use them and what each can do for you, your lifestyle and investing.

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.

You also receive a 100+ 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.

This year I will celebrate my 52nd anniversary of global investing and 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.

Those five decades of experience have taught me several incredibly valuable lessons.

The first lesson is that there is always something we do not know.

The second lesson is that stock market booms and busts always eventually return to value.

Third, the only sure way to succeed is to use time not timing.

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.

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%.

Subscribe to the first year of The Personal investing Course (Pi).  The annual fee is $299, but during the pandemic to introduce you to this online course  I am knocking $124.50 off the subscription.

Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report and access to all the updates of the past two years.

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 in the first two months for a full no fuss full refund.

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

Due to the COVID-19 pandemic we have cut the subscription to $174.50.  You save $124.50!

Then because this global recovery is going to take years, we’ll maintain your subscription at just $99 a year rather than $299.  Your subscription will be autorenewed in 2021 at $99, though you can cancel at any time.

Click here to subscribe to Pi at the discounted rate of $174.50

Subscribe to Pi today and you get a year’s subscription to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, plus begin receiving regular Pifolio updates throughout the year.

Gary

 

(1) www.nytimes.com/2020/06/01/business/coronavirus-poor-countries-debt.html

(2) www.nytimes.com/2020/06/09/opinion/us-deficit-coronavirus.html?campaign_id=2&emc=edit_th_200610&instance_id=19251&nl=todaysheadlines&regi_id=48317279&segment_id=30516&user_id=208b2cbe62eb7b536babab791d172bc7

COVID-19 Inflation


See a special COVID-19 offer that gives a 50% discount on our “Live Anywhere-Earn Everywhere”  after this message.

“Money is like manure of very little use except to be spread.”

This quote, with minor alterations is attributed to many people including Thronton Wilder, J. Paul Getty, Winston Churchill, JRD Tata and Francis Bacon.

Since Bacon lived about 400 years earlier than the rest, he probably deserves the  credit, but Wilder added, “Money is like manure; it’s not worth a thing unless it’s spread around encouraging young things to grow.”  Getty’s modification is also useful: Money is like manure. “You have to spread it around or it smells.”

Governments are spreading a lot of money around right now, so the question is, will the trillions in handouts, grants and loans help things grow or will it smell?

Will the government handouts create inflation or deflation?

The definition of inflation is “a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.”

Unless commerce gets itself running again quickly, it’s possible that we’ll see a lot of money chasing fewer and fewer products and services.

There are so many forces at play that no one knows how this will all turn out, but there’s a few expectations we can be pretty sure of.

Expectation #1: There should be inflation.

inflation

1923 50 trillion mark banknote

For guidance, let’s look at the German currency after WWI as it was relatively stable at about 90 marks per dollar during the first half of 1921.

The German government had eliminated the gold standard for its currency, but had to pay reparations for their part in WWI in gold or foreign currency.

When the first reparation payment was made in June 1921, it started an increasingly rapid devaluation of the mark, which fell in value to approximately 330 marks per dollar.

In the first half of 1922, the mark stabilized at about 320 marks per dollar.  This grew into hyperinflation, the mark falling to 7,400 marks per US dollar by December 1922. The cost-of-living index was 41 in June 1922 and 685 in December, a nearly 17-fold increase.

By fall of 1922, Germany found itself unable to make reparations payments and its strategy to pay war reparations by mass printing bank notes to buy foreign currency caused the inflation of the paper mark to increase to the point that the mark was by fall of 1922 practically worthless.

A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923.

By November 1923, the US dollar was worth 4,210,500,000,000 German marks.

The COVID-19 pandemic is a catastrophic economic event as is Germany’s loss in WWI.   Government spending to solve the problem leads to inflation, because governments cannot make money.  At best governments take money from one place and move it to another.   If there is no place to get money, its creation of money without production, will lead to inflation.

However, especially since this is an election year in the USA, inflation may be artificially kept down.

Expectation #2:  The world’s massive debt and taxes will  increase.

The Business Insider article “US debt and deficit will reach WWII levels” (1)  says” Publicly held debt in the US will reach $20.61 trillion by October, the Committee for a Responsible Federal Budget projected on Monday, just surpassing the US’s nominal GDP of $20.58 trillion.

The debt-to-GDP ratio will pass the previous record of 106% set in World War II by 2023, the committee added.

The US deficit will also swell to historic highs amid widespread spending on coronavirus relief.  The CRFB estimates the budget shortfall will nearly quadruple to $3.8 trillion from $984 billion in 2020.

The debt and deficit forecasts are likely conservative, the committee cautioned, as the government is poised to spend more on economic stimulus, and cheap borrowing costs could drive more Americans to take out loans.

inflation

The CNSNews.com, a politically conservative American news and commentary website founded in 1997, had an interesting commentary entitled, “Government Can’t Keep Acting Like Money Grows on Trees” (2).

Help of Last, Not First, Resort

The first wrong premise is a misunderstanding of the government’s role in a crisis. The government can and should help people in times of national emergency. However, it cannot do everything.

The federal government should be the provider of last, not first, resort. According to the Catholic principle of subsidiarity, the most local body should be first to respond to problems. Afterward, larger social units can get involved. Intermediary bodies like the family, community, associations, and churches are the normal means by which people help each other in times of crisis. They are also the least expensive as services are often given freely.

Unfortunately, these intermediary bodies are in a state of great decadence.

Throwing Money at the Problem

The second wrong premise is that throwing money at the problem will make it go away.

Engineering a Painless Crisis

The final flawed premise of those dealing with the coronavirus is their assumption that all measures must be painless. The crisis must not cause people undue suffering. To reduce the hardships, the government must try to satisfy all needs, for everyone, and at all times. Failure to do so will have political consequences.

The comment that “the most local body should be first to respond to problems” should remind us that the first place we should look for help is to ourselves.   Charity begins at home and actions that lead to a self directed, self financed, fulfilling lifestyle in good times and bad are the foundations of inner peace and happiness.

The economic recovery from the pandemic will not be painless, nor should we expect the government to fix this for us.  The time to start planning to succeed in the recovery should be now.   The place to look for the most help should be at home and within.

An article at telegram.com, a local news source in Worcester County Massachusetts for 150 years, “Government giving away trillions and nobody’s asking ‘How are we going to pay for it?’”

Even without a crisis, the question “How are we going to pay for it?” is typically unasked when it comes to the bloated military budget and the military-industrial complex, American imperialist wars, the drone program, the CIA, NSA, ICE, prisons and detention centers, both public and private, and other aspects of the coercive apparatus of the state. We also do not ask “How are we going to pay for it?” when it comes to the billions of corporate welfare dollars and other forms of “wealthfare” the US regularly doles out to the affluent. Likewise when the Republicans cut taxes on the wealthy, when Trump runs trillion dollar budget deficits, or when the Republicans balloon our national debt to over $23 trillion or about $70,000 in debt for each American.

Taxes will have to be increased, but do not expect equality.  As always a few will become richer in the recovery (you want to be part of this group) and the majority poorer.

An article from courthousenews.com “Unlimited Claims Feature in Covid-19 Bailout Will Help, You Guessed It, Millionaires” shows how the process has already begun.

Those making $1 million or more stand to benefit most from tax changes Congress adopted as part of the $2.2 trillion coronavirus-response package, according to the findings of a nonpartisan congressional report made public Tuesday.

The Joint Committee on Taxation had studied a feature of the CARES Act passed in March that allows the owners of what are known as pass-through businesses to claim as much as they want in excess business losses.

Without the cap, the nonpartisan congressional body found that nearly 82% of the benefit will go toward people making more than $1 million.  Those 43,000 households would see an average tax liability reduction of $1.6 million, according to the analysis, which also found that more than 97% of the benefit overall will go to people who bring in more than $100,000.

Expectation #3: Interest rates will become bifurcated.

What will happen to interest rates?  The huge and growing government debt is only sustainable with low interest rates.  Yet the demand for liquidity creates upwards rate pressure.  For example the home rental business at AIRBNB is suffering as the coronavirus pandemic freezes global travel, so the company has been forced to borrow.

The company just issued a billion dollar bond that gives away equity at a low price, plus borrowed another $1 billion.  The second billion dollar loan is for five years, with an interest rate of 750 basis points over the Libor benchmark, which means the current rate is about 8.5%.  However the debt was sold at a discount so the loan’s current real rate is around 12%.

What a disparity.  The current yield for  a five year US Treasury is 0.42%.  The AIRBNB five year loan rate is 12%.  I do not yet see how spreads of this magnitude will work their way through the market.   T he US government simply cannot afford to offer a 12% yield.  Investors simply cannot be told not to invest in commerce that pays about 25 times as much return as government debt.

Of course we already see the disparity that can exist.  Credit card interest rates (according to bankrate.com) already run over 17% and up to 29.99%.

Look to take advantage of low rates is you borrow and high rates is you invest!

These are a few of the outside forces to continually monitor; inflation, interest rates and taxation.

No one knows where the government, the economy or society will go, but knowing were they could go, gives us places to keep watch so we can react and adapt in this unpredictable and fluid situation.  Please understand, the outside forces are out of control and beyond our control.  The resulting recession or depression will not be painless for the majority.

We as individuals do not have to be among those who suffer.  There is a lot we can do to have a self directed, self financed, fulfilling lifestyle in good times and bad.

We can be among those who have inner peace, happiness and prosperity so we can lead our family, our friends and neighbors into better places.

I have described many of the steps that can help positively lead us through the pandemic and economic disaster in my report “Live Anywhere-Earn Everywhere”.  See details below.

Stay well. Be positive. Disaster like money, when spread around, becomes the fertilizer that encourages new things to grow and you can be part of those things.

Gary

Surviving the Siren’s Song

Live Anywhere – Earn Everywhere

How to Gain Extra Freedom – While Almost Everyone Loses Theirs.

Mythology tells us that Sirens are beautiful, creatures, femmes fatales.  They lure us with enchanting, seductive songs into treacherous, always-shifting currents and shoals ready to rip the guts of our foundation from us.

siren

The last century of technology, from steams engines to quantum computers, is our Siren.  The song has brought us unbelievable freedom.

Yet the same technology that strips away the restraints created by time and space also provides tools for those who wish to bind us in other ways.

For example, technology used to track COVID-19 will increase government use of mass surveillance.

The nations use smartphones to track us. They  even receiving support from private tech companies, like Google and Apple, who would normally oppose such invasion of our privacy.

After all who would dare not help ease the pandemic?

The problem is, once a government gets its hand on such power, it rarely lets go.   The world will slide into permanently increased surveillance.

Although the current tracking efforts may appear entirely legitimate, many pose a risk to our rights to privacy and freedom of expression.  Imagine, big brother knowing where we are, where we have been, and who we have been in touch with, even what we have said.

Another Siren is the modern technology that allows goods to speed goods and people along in a global economy.   So to does it allow the bad to enter as we can now see so well.

The COVID-19 pandemic has proven this point!

Yet we should expect the world to get better.

We should and live and earn based on that this positive expectation.

However we should also live a lifestyle that prepares us for the bad times as well as good.

For example my family really used technology to make our businesses mobile and flexible.  At age 73, I work here in Florida reaching clients globally.  I can also work at our North Carolina farm or anywhere I have access to the internet.  I have been able to work every day right even having COVID-19.

gary scott

I can hike into the woods at our farm and be working if I should desire.

My webmaster lives thousands of miles away yet we easily run the business together.

My son, an attorney in England, was trapped in the Czech Republic when the airlines shut down.  He has been able to continue his normal work from a small rural town near Vienna.  His productivity has not been diminished at all.  It may have even improved.

My daughter who lives in England is working on a project in India.   The inability for her to travel has not stopped her.

Another daughter who runs a dance/drama/singing school for children saw her classes shut down but was quickly doing lessons for the kids via Zoom.

I explain how to live and earn this way in a comprehensive report I have written entitled “Live Anywhere-Earn Everywhere”.

We have created a lifestyle… so if the world goes really sideways… we will survive and prosper anyway.  We do not give up anything much.  We can enjoy the good parts of the new economy, as we protect ourselves from what can be bad.

This lifestyle is shaped by what we do, how we do it and where we live.

The COVID-19 pandemic will create innumerable new opportunities.  Many of them offer enormous income potential and they even work well (in some cases better) in disaster scenarios.

In my family’s example, we use technology to have virtual, global businesses. We use the internet.

Where we do it is from is places where we can also have a backup business that will thrive, without government interference, in troubled times.

Let me provide two simple, concrete example.  North Carolina and ginseng.  Florida and loquat.

Ginseng is a great health root.  The demand is growing especially in China.  At times good dried Ginseng sells for $1,000 a pound!  This is an incredible and easy crop to grow.   The less care you give it, the more valuable it can become.  Yet if everything goes south, the health qualities make it an excellent barter item.  Once you know what to do with ginseng, it’s easy to grow in your back yard in northern parts of the world.

Even better, one of the best kept secrets is that ginseng and 125 other medicinal crops, that are currently unsustainable, can be grown on land in North Carolina and a couple of dozen other states that is extraordinarily cheap, yet are especially uncrowded safe and healthy.

goldenseal ginseng

Ginseng we grew in our former North Carolina back yard.  I know about growing ginseng through experience and explain why and how in the report “Live Anywhere-Earn Everywhere”.

Loquats are another example of an easy to grow crop that help promote natural health.

loquats

Here I am by one of the many loquat trees at our Florida farm.

Loquats are a great fruit for making jam and such, but the loquat leaf has amazing medicinal qualities.  Its is a registered medicine in China and due to its anti viral and respiratory system enhancing qualities has an especially  growing demand right now.   The images below from Amazon.com show that the leaves sell for about a dollar per leaf!

I have many trees on the farm but started growing loquat seedlings last year.

loquat

I have been drinking a lot of home made loquat leaf tea during the pandemic.

The report “Live Anywere-Earn Everywhere” shows specific places that reduce your living expenses, easily increases your income, makes you smarter, healthier and provides tax benefits as well. 

Learn about these specific places in our “Live Anywhere – Earn Everywhere Report”.  More important learn what makes these places special and seven freedom producing steps that you can use to find other similar spots of opportunity.

Here are some of the experiences this report shares:

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

Lowering taxes is vital now as the massive government spending during the COVID-19 pandemic will eventually lead to increased taxation.

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

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

  • Learn about the magic of the north facing slope.   This is where Merri and I live almost half of our time.  North facing mountain land is some of the least expensive in the world but has hidden values that the report reveals.  There is a lot of this land and a lot of hidden value that you can tap.   When we bought our Blue Ridge farm (252 acres) I mentioned this to my Swiss banking friend.  “That’s bigger than the entire village where I live!” was his response.  Smalltown USA offers a last chance at having a lot of space.  By living in two Smalltown places there are enormous tax advantages as well.  One step in the system saves Merri and me over $28,345 in taxes a year.

The report shows how to buy cheap north facing slopes and create an income producing tiny home for $29,000 or less.

If you lack the $29,000 to invest, a start up using tents is even less.  These are tipis we put up at our farm before we built our first tiny home.  Learn how they can create tens of thousands of dollars in income for you.

Fwd: gary-scott-tipis

  • See ways that small businesses like Tipi rentals can create BIG tax savings as well as extra income.  For more than 30 years Merri and I have enjoyed a strong six figure income, some years more, in the millions.  Yet there have been very few years when we had to pay federal income tax.  The report lays out a three structure program and how it is used when you are in school (up to age 30), then from 25 to 50, 50 to 70  and beyond 70.   Learn why Chapter C corporations and pensions can be better than the normally recommended Chapter S.  See how new mileage log rules gives you a possible opportunity to increase your tax deductions using IRS Form 4562.  Using a two-vehicle strategy you can gain $12,976 in new deductions even if you do not have to drive one mile further or spend one additional penny on your car.
  • See how a greenhouse can help you eat better and be healthier, plus provide income and a tax deduction and be funded by a government grant.

gary-scott-farming

Our North Carolina greenhouse.

gary scott greenhouse

Our Florida greenhouse.

  • There are similar benefits from having a second home office defined in IRS publication 463 and IRS publication 587, even if your desk is a dining room table.  The report also shows how your dining room table can become an actual income producer as its creates a huge tax deduction at the same time, not to mention a great place to eat, work and lay out plans for a brighter, safer more lucrative and enjoyable future.
  • Living in this environment is also healthier, economically as well as physically.  You’ll see in the report how researchers at Harvard found an amazing correlation between living in conditions found on north facing slopes, longevity and mental health.  The researchers were quite surprised by this strong correlation that also extended into mental health.  In addition to feeling better, reducing stress and having more Joie de Vivre the places outlined in “Live Anywhere-Earn Everywhere” can help you avoid hospitals, high cost disease management (aka health care) and BIG pharma while providing an investment opportunity in three plants that have some of the fastest growing demand in natural health care.  These three plants are just one of seven business opportunities that can create multiple streams of income.
  • How changes in cell phone and internet technology eliminated the need to be in one place.   An old law that creates new opportunity for small business in small towns is available to everyone.
  • Use the specific search and purchase guide.  Construction plans are included that show how to generate first tier income that leads to five, second tier avenues of earnings.
  • How to pay off old debt and avoid new debt by avoiding spurts and embracing value. 
  • Learn seven skills that will always have value.  See how to turn First Aid, medicinal plants, hospitality, food, trees, alternate energy and writing to sell into everlasting, low stress wealth.

merrily farms

This pond we developed at our farm gave us great pleasure but also helped create a safe, healthy food supply and created a tax deduction as well as it helped us develop a trout raising business.

trout

We sold these trout at a local butcher shop.

My Guarantee

This may be the most important report I have written in 50 years.  The information is certainly the most urgent.  Do not delay.  The risks are upon us right now and you’ll understand how the final steps of the alliance are taking place as you read the current news.

To take any risk out of gaining this urgent information with my full satisfaction or money back guarantee.  If you are not totally happy, simply let me know.  I guarantee you can ask for a full refund any time within 60 days and I’ll refund your payment in full, no questions asked.

You can keep the reports as my thanks for ordering it.

Buy Live Anywhere, Earn Everywhere Report  $39.99

 

(1)  www.businessinsider.com/us-debt-deficit-reach-wwii-levels-coronavirus-economy-government-watchdog-2020-4

(2) www.cnsnews.com/commentary/john-horvat-ii/government-cant-keep-acting-money-grows-trees

(3) www.telegram.com/news/20200413/government-giving-away-trillions-and-nobodys-asking-how-are-we-going-to-pay-for-it

(4) www.courthousenews.com/unlimited-claims-feature-in-covid-19-bailout-will-help-you-guessed-it-millionaires/

 

Worried About Hidden Inflation?


Worried about inflation, a weak dollar, recession?

The bigger worry should be about missing the opportunity that such events bring.

wsj.com

Plus inflation might not be so hidden any more.

The chart from the last week’s Wall Street Journal article “U.S. Inflation Picks Up in July as Core Prices Strengthen” (1)  shows how the government can no longer hide the rising cost of living.

The article says: Back-to-back 0.3% monthly increases in the core consumer-price index mark the strongest two-month stretch since early 2006.

Inflation accelerated in July as an underlying measure of consumer prices posted its strongest two-month gain since early 2006.

The consumer-price index, which measures what Americans pay for items from mutton to motel rooms, rose a seasonally adjusted 0.3% last month from June, the Labor Department said Tuesday. Excluding volatile food and energy, so-called core consumer prices rose 0.3% for a second consecutive month, the strongest two-month gain in more than a decade.

The data marked the latest sign that inflation is finding its footing after a sluggish price gains earlier this year raised concerns at the Federal Reserve. The Fed lowered interest rates last month for the first time since 2008.

Despite statistics that have shown low inflation, rising costs of living have been with us. 

The contradiction between inflation statistics and cost reality exists because price increases have been hidden in a couple of ways.

First, because we living in a global economy and have the worst trade balance of any developed country, the strong US dollar has shifted the higher cost of living abroad.  A super charged greenback has kept prices of imports down.  American costs have been partly contained at the expense of our neighbor’s.

The chart below from the Economist (2) shows that the US current account balance (trade balance, after investments in and out of the country) is one of the worst in the world.  The 2.4% current account deficit as a percent of Gross Domestic Product  is only beat by six other countries, (Britain,  Canada, Indonesia, Pakistan, Chile and South Africa).

www.economist.com

The strong US dollar has shifted inflation abroad, as it reduces the cost (in dollar terms) of the goods America imports, but increases the cost of living for those abroad as US products are more expensive.  Asia’s incredible economic growth over the past two years has allowed that region to absorb those rising costs.

Now US tariffs and the natural slowing the the Emerging Asian countries is putting a strain everywhere.  Growth in Asian countries has slowed dramatically and this leads to restless populations (such as in Hong Kong).

“So what”, one might ask.  “That’s our neighbor’s problem.”

We like to ignore other countries problems but cannot as they lead to trade wars, immigration, security and military complications.

The second factor that has kept inflation down is low interest rates.  The cheap cost of borrowing has stimulated governments to grow increasingly more in debt.  This is building towards a crisis as well.

This week’s Wall Street Journal article “Budget Deficit on Path to Surpass $1 Trillion Under Trump” shows how acute this dilemma has become.

The article says (bolds are mine):  The federal budget deficit is growing faster than expected as President Trump’s spending and tax cut policies force the United States to borrow increasing sums of money.

The deficit — the gap between what the government takes in through taxes and other sources of revenue and what it spends — will reach $960 billion for the 2019 fiscal year, which ends Sept. 30. That gap will widen to $1 trillion for the 2020 fiscal year, the Congressional Budget Office said in updated forecasts released on Wednesday.

The updated projections show deficits rising — and damage from Mr. Trump’s tariffs mounting — faster than the office had previously predicted. In May, the budget office said it expected a deficit of $896 billion for 2019 and $892 billion for 2020.

That damage would be even higher if not for lower-than-expected interest rates, which are reducing the amount of money the government has to pay to its borrowers. Still, the 2019 deficit is projected to be 25 percent larger than it was in 2018, and the budget office predicts it will continue to rise every year through 2023.

This is the really huge concern.  How long can interest rates stay low?  At some time, borrowers will start to need a higher return as inflation rises.  Rising interest rates can in turn increase inflation in a dangerous upwards (higher rates and higher inflation) spiral.

The MSN.com article “TREASURIES-Yields rise as Treasury considers ultra-long bonds” (4) shows the the government is already concerned enough to reconsider issuing 50 and 100 year bonds.

The article says: Treasury reopens queries into 50-, 100-year bonds .  U.S. Treasury yields rose on Monday after the Treasury Department late on Friday said it was gauging market interest in ultra-long-dated debt, and as risk sentiment improved. The Treasury said it wants to “refresh its understanding of market appetite” for 50-year or 100-year year bonds.

The government is looking for ways to borrow now and not have to repay for 50 or 100 years.  This pushes the nation’s fiscal problems onto our great grandkids, even great great grandkids.   Let’s party up now and let the children of our children;s children pay the bill.

The government may pull some tricks to create a market for these ultra long bonds, but that’s another story for another time.  The point here is how serious the debt problem has become.

Where’s the opportunity?

If interest rates remain low and the US dollar weakens, the most likely beneficiary will be stock markets in other countries.  After Brexit is concluded… after the Hong Kong affair settles down, stocks markets abroad are likely to gain increased demand.  See how to spot good value non US dollar stock markets, below.

Gary

Make a Difference & Earn

Live anywhere.  Earn everywhere. Make a difference.  Tell Your Story.

Here is a Boomer special offer.  Get my Writing and Self Publishing course.  Pay any amount you feel you can afford.

Learn how to earn high income in your own back yard.   Choose where you want that back yard to be.

You can create a lifestyle that you previously could only dream regardless of your age.

Gain 3 powerful benefits when you choose to become a writer:

Benefit #1: Freedom.   You set your own hours.  You work when you want to, not  when you are told.   Working at home eliminates a commute unless you count the 8 seconds it takes to walk from the bedroom to your office.   You can even work in your pajamas.  One writer who used our course says that this is one of his favorite benefits.

You don’t have to ask permission to take time off to attend your children or grandchildren’s sporting events, concerts, plays or any other event.  You have greater control over your earnings and your destiny.  If you want to earn more, give yourself a raise by increasing your revenue.  When you work hard, you are working hard for your benefit and wealth not someone else’s.  Being able to fit your business to circumstances can sometimes be the most important benefit of all.  A writer who had just started her self publishing business when their daughter was diagnosed with bone cancer.   During her daughter’s hospitalization she was able to be there 24/7… yet continue to write.  She told me… “This is one of the BEST reasons for writing, the freedom to work from the hospital room on your laptop and be there when your child needs you the most”.

Benefit #2:  You become part of the solution, not part of the problem.  There is so much bad news that we are powerless to change or stop. You have a story to tell and in so doing can help others learn from your experience.

Benefit #3: You gain respect.  Writers are the people who bring the information to the rest of the world in an information era.  They are the ones who affect change and because of this, have a tremendous amount of power.

You can earn and enjoy these benefits writing about almost any subject you choose.

Here are  few stories of how writers have used what they learned to take small steps that led to greater control, increased success and incredible fulfillment in their lives.

Barry Weinhold sent this note: We were successful authors before attending the Writer’s Camp, with our first book published in 1989 selling over 200,000 print copies. With the tips from your course last fall, we have published six new ebooks in Kindle format that are now available  at Amazon.com.

Thanks for helping us get the word out about Barry’s 2-part Breaking Family Patterns series. Janae has also released her 3-part Con Job series.

weinhold book

We’ve co-authored “How To Break Free of the Drama Triangle and Victim Consciousness.”

weinhold book

Our monthly royalty checks are now coming in and we are very pleased with the response to our new books (656 books sold and 1295 free downloads in seven months). We have six more new ebooks in the pipeline for publication.  Our goal is to publish twelve new ebooks by our one-year course anniversary. We couldn’t have published this quickly without the great support we received from your Writer’s Camp. We highly recommend it to anybody seeking the fast track to becoming independent self-publisher.

Self Publishers can also write in more than one niches.

Nickolette Goff writes non fiction in two niches.  After attending a Writer’s Camp Nicki used what she had learned to help promote her first book… a Quinoa recipe cookbook with 13 recipes.  She had 10,000 downloads of the book in five days and obtained dozens of good reviews!

You can get 13 more great quinoa recipes in Nicki Goff’s book at the links below.

quinoa-book

You can order Nicki’s first book at Amazon.com.

She wrote:  Hi, Gary,  Book sales are actually going well, and I’m having a lot of fun with this. I’m so grateful to you and Merri  for pushing me to get some action going!

The free promos really get things going, and seem to reignite sales.

Two more in the works – both on gardening topics.  Best wishes for 2013 to you and Merri.   Love, Nicki

What a joy seeing how helping and connecting people helps self publishers create their own special success.  How beautiful to see friends turn their passions into profit!

Nicki learned at the camp that getting these downloads is step three in a seven step process. We (and others) have been helping Nicki and our delegates walk through these steps so they can earn income through writing and publishing again and again.

Nicki is now well on her way to wonderful self publishing success.   She just completed her fourth book in a totally different genre gardening. This book is “Under Cover Gardening”.

She used the three day writers program to apply to marketing her Kindle books. Read about Nicki’s new book here.

kindle book

Nicki wrote:  Gary: My book was downloaded exactly 6000 times during the 3 days, and is selling around 5 per day right now.  I’m very pleased with the results – three 5* reviews so far.  Nicki

Chances are that most books you write will not be a best seller.  However Nicki’s books show the process that you use to create a steady income as you build inventory.   She is publishing numerous books in each of the genres she loves.  This creates extra income and added inventory.

To sum this up… you can use our course to learn the importance of writing for your niche, even though it may be unusual.

You can also self publish at any age.  A number of our friends who have used our writers course to self publish are in their 70s and 80s.

Here is how we can serve you.

Merri and I have had a long career in writing and self publishing.

You can write in numerous ways on a hobby, sport, profession or any interest you have.  What do you love?  Rare cars?  You can earn writing in the genre you love.  Do you prefer fine art?   Or do you love beautiful jewelry, coins, gems, real estate, furs, model railways, dolls, scientific equipment, war memorabilia, old and rare books, or whatever?

Do you prefer social subjects rather than objects?  Are you concerned with the environmental problems, with crimes, war, poverty?  Would you like to help wipe them out?  Each of these offers opportunity in publishing.

Are you a golfer?  Do you love to travel?  Why not make the kinds of money I’ve just mentioned publishing reports about golf courses all over the world?

Would you like to help the world be a more spiritual place, help people get along better together?

You can do something good for the world, increase your income in the process and live wherever you please!

Writing can also help you travel, even have an international lifestyle so you can live anywhere and still earn everywhere.  This is especially valuable if you love to travel.  For example, one shrewd writer realized that Panama was a great place to live and published information on Panama.

Other writers reaped rich rewards selling information on their own country.  Merri and I, for example, lived in Europe for years, then fell in love with Ecuador for 15 years.  We earned by writing about our experiences there.

Now in our 70s, we live in Smalltown USA.  We love the peace and quiet, are closer to our children and grandchildren.  We still write (and publish) about what we love and are doing!   In each phase of our lives, the idea of tight focus has allowed us to move and live where we desired.

Imagine what writing means if you love to travel.  Part of every trip you take can be tax deductible!  You can honestly write off every trip that is related to your publishing business.  Every journey can become a research oriented adventure and a tax deductible event

Many benefits come in the form of reduced tax.  As a writer, you’ll have one of the most respected and tax protected businesses in the country.  Other benefits come in the form of legal protection.  Publishers are protected by the U.S. constitution.  You do not need a license to publish.  There is no government watchdog nor do you have bureaucratic red tape involved in publishing.  The biggest benefits are the freedom, the independence to work wherever you choose in any field you desire.

May I introduce you to our course, “SELF-FULFILLED – How to Be a Publisher to Sell”. 

Pay any amount you can afford.

Merri and I created an entire system to help our readers have their own writing business.  This system is unique because my wife, Merri, and I are unique.  We started our self publishing business together.  Since we’re almost recluses, we decided to do the whole business by ourselves.  We began working at home.  Today, though we have tens of thousands of readers and have made millions, we still work at home and do not employ a single person.  When we switched to online publishing we added one business partner, our webmaster, who created and runs our website.  You’ll can learn how to do this in the course I am about to introduce.

The course teaches all you need to know on how to start and run your own writing and self publishing business by yourself.   The first lessons in the course answers your questions and get you started!

This course can put you well on your way to publishing to sell and give you the freedom to live wherever you choose!  It covers numerous income producing secrets:

Secret #1:  How to gain 1,000% returns.  See why some of the wealthiest families in the world today come from publishing.  Learn how margins can be so incredible that few would believe them.  This online course contains many case studies.  Case Study #3 for example shows one publisher who sold an idea delivered on one photocopied page.  His cost was only three cents, his selling price $12.50!

Secret #2:  How to create and market your product or find products to sell.  Learn 11 steps in creating the perfect product.  Understand how to review ideas, test focus, aim at markets.  See why you don’t have to write anything if you don’t want to!  Learn where and how to get your data and get others to write for you almost FREE.

For example, the course shows how one friend, before the Internet, never wanted to write and decided instead to publish on cassette tape.  He later switched to webinars.  He started part time and built a career that brought in millions and brought him to know some of the most interesting people.  Now of course publishers who do not want to write can use the internet.

Learn how marketing is the key to successful publishing and how to turn pennies into dollars with good marketing focus.  Gain samples of winning marketing pieces.  Learn 21 frequently committed marketing blunders and what to do about each.

You’ll learn how to turn advertising dollars into a fortune.  How to create your own ads.  When to use classifieds, space ads, direct mail or word of mouth.  See how to build a PR list and get thousands of dollars in free publicity.  I share my most secret results on recent mailings so you will know why sometimes you sell more units of a publication at $49 instead of $29.  I show how one couple used ads about retirement to supplement their retirement income and get free trips all over the world.

Secret #3: When to print, how to print and when to go online only.  How to print and fulfill.  Learn how to cut your printing bill in half by asking for quotes differently.  Learn tricks of the trade, how to get the best quality at the lowest price, why to avoid the biggest printer in town and why to avoid the franchise printers.

Secret #4: How to compute and use the Internet.  With an inexpensive computer, you can easily run a business from home and still have tons of time left over-even if you are computer illiterate.  Merri and I have proven this!  The secrets in the course include a step-by-step approach on what to do.   Our partner, the internet expert includes what you need to know for online publishing.

The course contains information on how to use computers and the Internet for your publishing business.  For example you will learn how I have eliminated hundreds of thousands of dollars of printing and postage by switching all of my business onto the net.

We unlock all the secrets of publishing so you can have increased lasting income and reduced taxation.  This course is perfect for those with great computer skills and can help you learn how to focus these skills into a profitable publishing business.

See how when we reached retirement age, we slowed down our self publishing business but still earned $2,404,725.98, tax free, over the next ten years.

However, the course also helps computer illiterates like myself and shows how to get your computer work done with no upfront cost.

I have created this course in an easy to understand style.  Everything is explained what to do in vivid detail.  We share all, how we have done it ourselves.  The course is full of publishing ideas and case studies.  You’ll learn about a pilot who published a book on the best airport cafes.  All his flying became tax deductible!

You’ll see how one couple who loved an island wrote a guide on the place and made enough to buy a home on the beach there.

Another made millions with one simple legal idea.

I give names, resources and addresses of contacts in marketing, printing, plus attorneys, accountants, Internet whiz kids who can give help.

This course is not theoretical.  It describes on a step-by-step basis, how Merri and I built a million dollar international business in just 7 years and how you can do the same.

The course is designed so you can get your own writing, self publishing business going, full or part time right away.  I’ll explain how and why by sharing one other amazing experience that makes this special offer available for you now so you can have the course for pennies on the dollar.

I have previously exposed this idea only to my readers and never to the general public.  We conducted a course charging $2,000.  Here are raves from delegates who have used our course.

For example, one delegate, a publisher from California said:  “Your publishing course is outstanding! Just two hours of study on Sunday alone were worth more than the price.”

An engineer from Ohio wrote, “Basically, I learned how to be a publisher, especially the selling and marketing implications. The course is absolutely worth the cost!”

A retired railway worker from Michigan said, “Your course opened my eyes to the merits, profits, and prestige of becoming a publisher, particularly the idea of publishing in Canada for distribution in the U.S. (for total tax protection).” An employed couple from New York wrote, “We found the course interesting and informative. We were inspired to start work on a booklet. When we came down, we had no idea on what to publish.” And an attorney from Germany stated, “What I like most is that it is a nuts and bolts course-not pie in the sky.” While a business woman from Atlanta exclaimed, “It was great going through your steps, being 100% honest without fear of giving trade secrets since you have paid the price (to gain this knowledge).”

Merri and I have been overwhelmed by how much the course helped so we conducted another course and recorded it.  We then reproduced it in written form so it can be delivered entirely online at a huge reduction.  Though many readers have paid up to $2,000 for this course in person, we developed a course online that is only $299.

During this special however Boomers can pay any price they feel they can afford.

Here are some of the lessons you will learn in the online course:

Lesson #1:  A Day in the Life of a Publisher.  See how you can start with only a very small amount of money, work as little as four hours a day (if you are operating full time) even less if you start part time. Learn how two of my publishing friends, one an M.D.-the other a pilot ran their own money letters.  This gave them incredible tax protection, took them on many free, exotic trips, widened their perspective and field of friendships, helped them keep the money they were making in their fields and gave them a backup business that they loved for retirement.

Lesson #2:  How to Create Your Product.  Learn 11 steps in creating the perfect product.  Understand how to review ideas, test focus, aim at markets. See why you don’t have to write anything if you don’t want to!  Learn where and how to get your data and get others to write for you almost FREE.

Lesson #3:  How to Choose Your Format.  Some ideas are timeless and can be sold in a book for years on end.  Others are better in a magazine, newsletter or other periodic publication. Some products can just be lists, simple one page photocopied ideas or names and addresses. Understand when to print, record (on audio or video) and when to transfer through the Internet. Learn how to choose the format that suits you, full or part time.

Lesson #4:  How to Publish to Sell.  Learn how marketing is the key to successful publishing and how to turn pennies into dollars with good marketing focus.  Gain samples of winning marketing pieces.  Learn 21 frequently committed marketing mistakes and what to do about each. Know where and when to advertise (such as never near Easter-Christmas is OK).

You’ll learn how to turn a few advertising dollars into a fortune.  How to write or have ads written.  When to use classifieds, space ads, direct mail or word of mouth.  See how to build a PR list and get thousands of Dollars in free publicity.  Learn the tricks of the Internet to easily focus and capture a market there.

Lesson #5:  If You Print-How to Print?  Did you know that you can reduce your printing bill by half just asking for a job in the right way?  Learn all the tricks of the trade, how to get the best quality at the lowest price, why to avoid the biggest printer in town and why to avoid the franchise printers.  Learn how to choose the right graphics, correct paper, envelope, style, letter fonts.  When on demand printing is best.  Every Secret is included.

Lesson #6:  How to Fulfill.  This session is a practical guide on how to administer your business.  How to set up a computerized fulfilment system, get local families to do all your work for you and run your business (if you wish) from your home.  Learn how and why to use low and variable overheads, yet give one day turn-around delivery.  Learn when to choose delivery services, to fulfill yourself or build your own system…or when to simply fulfill via the Internet.

Lesson #7:  How to Finance.  Learn all you’ll need about the financial end, of the business, how to control physical or online inventory, keep overheads down, check ad results, get 30 day free credit and stay on top of your business.  Learn 11 hazards to avoid and tricks to stay profitable without a daily accountant.  The course and manual contain all these secrets and more.  The computer/internet workshop personalizes the knowledge so you can get started.

Who is This Course For?

This course is for those who would like to write to make a difference, for fun and profit but also helps business people, brokers and professionals, insurance agents and marketers who want to enhance their existing business or build a second source of income.

This course is for individuals and couples.  You can order the course but your entire immediate family has permission to use it.  We include those who want their own business or who want to have a business together or a family business.  Business people or professionals who want to add an extra profit center to their business or who want to change their business entirely will benefit.  Those who want more control over their career should take this course.  Plus those who love travel and want to turn their trips into profitable tax deductions!

during this limited special Boomer offer We are giving away every business secret we possess and expect those who use it to reap fortunes in extra income, tax savings or expanded business. We expect this knowledge will change your life for the better.  You’ll gain extra income, more fun, adventure, friends, freedom, independence and prestige too.

You receive a complete manual provided by me, Merri and our webmaster, David Cross (who teaches the internet aspects of publishing).

Though many readers have paid up to $2,000 for the in person course, and tens of thousands paid $299 for the online course…  you can pay whatever you can afford.

You could not duplicate the computer and Internet knowledge for $2,000.  It covers what you need to get on the Net, how to use the Web to publish, how to define your Internet market, how to develop your site, target your market and start getting visits, the top ten Internet tips to use, the top ten traps to avoid, and many other lessons our Webmaster has used in his 20+ years on the net.  In many cases your tax savings will be five to ten times the cost of the system alone, plus you will learn how to gain thousands of FREEBEES and earn hundreds of thousands a year.

Our publishing business has brought us more wealth, satisfaction, fun and friendship than I imagined possible.  It has brought so much to my life, I would like to help everyone be in publishing and I hope you are one with whom I will have the pleasure sharing this exciting and profitable way of life!

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 to share all we know to help you start and run your own publishing business.

Price is no longer a consideration.

Don’t miss this opportunity.  Sign up with this special Boomer offer.   If you are a Boomer, you can decide how much to pay for our special Boomer Self Publishing course.

Choose below to pay any amount.   We’ll send a specially adapted course “Self Fulfilled – How Boomers Can Write and Self Publish”.

Here is what to do.  If you’re not sure whether you really want to have a publishing business, consider the ways that such a way of living can improve your life.

Then look at this no risk guaranteed offer.

Our Guarantee

Our guarantee is that you can pay any amount you feel you can afford.

Tens of thousands of readers have ordered our self publishing course for $299, but if you are a Boomer (born between 1946 and 1964) you can decide how much you wish to pay for the course.  Any amount will do.   Order “Self Fulfilled – How Boomers Can Write and Self Publish Sell.   Just fill in any price you feel you can afford.

Buy The Self Publishing Course (PDF)

Gary

 

(1) www.wsj.com: U.S. inflation picks up in July as core prices strengthen

(2) www.economist.com: Economic data commodities and markets

(3) www.nytimes.com: Deficit will reach 1 trillion next year budget office predicts

(4) www.msn.com: Treasuries yields rise as treasury considers ultra long bonds

Hidden Inflation


Hidden inflation is robbing our savings and wealth.

Inflation is low. So say the statistics.

The truth is our purchasing power is being eroded anyway, despite what the statistics say.

We can understand the problem today by looking at the period of dramatic inflation and currency turmoil in the 1970s.

This inflation was similar to current rising prices, except now, the inflation is shown in depressed interest rates instead of higher prices.

macrotrends.com

The chart above from Macroecomics.net (1) shows the highest inflation in the past 50 years was 13.29% in 1979.

The chart below shows how interest rates rose to match the inflation.  This chart also from Macroeconomics.com (2) shows the 10 year Treasury rates.

When the highest inflation rate rose to 13.29% in 1979, the 10 year treasury rate rose to 15.71%.    There was still a real return yield above inflation of 2.42%

macroeconomics.net

 

A low interest rate creates the same effect as inflation for those who have invested and saved money.   Their savings buys less, unless it is invested with greater risk.

This is a worldwide problem!

Here’s the current inflation, less the 10 year treasury yield (TY), in the world’s major economies.

                 Inflation      TY          Yield

US               1.6%         1.7%        0.02%
China         2.7%         2.9%       0.02%
Japan         0.7%        0.2%    –  0. 05%
Britain       2.0%        0.6%    –  1.40%
Canada      2.0%        1.2%     –  0.80%
Euro           1.1%         0.6%    –  0.50%
Denmark   0.6%      -0.5%    –  1.10%
Sweden      1.8%       -0.3%   –   2.10%
Norway      1.9%         1.1%    –  0.80%
Australia    1.6%        1.0%    –  0.60%

Every country, except the US and China has a negative yield. The slightly higher positive Treasury Yield of the US dollar  has created a distorted, overpriced greenback.  The dollar’s strength is so high that the US government has been considering ways to force it down.

The government says it won’t do it.

Denial by a government is usually the first sign that they will do what they say they won’t.

See one way to profit from a falling dollar.

Gary

“If I Live Long Enough, I’ll Really Cash In Next Time”

Periods of good investing performance are always followed by periods that are bad.

Think about this…

The US dollar has risen over 50% above its lows of 2011.   The greenback is at its highest level versus the Chinese yuan since 2008.  India’s rupee is at an all-time low against the buck.  Other Asian currencies, the Singapore dollar and Malaysian ringgit have plunged to depths not seen since the financial crisis of 1997-98.  The euro, Mexican peso and Canadian dollar have crashed.  In other words, the US dollar is in a period of high performance.

What happens is the greenback is in a free fall.  Smart investors can cash in huge profits.

Yet there is a bigger economic problem that can ruin the purchasing power of your cash faster than you can imagine.

While the dollar was rising non US governments and businesses accumulated almost ten trillion dollars of debt denominated in US dollars.

The terror in this debt is that it acts as a destructive and very rapid financial amplifier.  Dollar debt is like a short position.  When the dollar rises, borrowers scramble to short-cover their position by selling their own currency.  This defeats the purpose of their hedging as it increases the strength of the dollar.  So they short even more.  Those short sales create an upward dollar spiral.  The buck rises higher and higher, based entirely on fear and speculation.

When that leverage energy is spent the currency stalls and plummets out of control… like now.

The last time we saw such a upwards spiral was from 1980 to 1985.  The dollar rose 50% in those five years.

Guess what?

Then it collapsed 50% in just two years.

The US dollar is in a similar position as at the beginning of Ronald Reagan’s first term in the 1970s.  This was a time of widening budget deficits, rising interest rates and a US dollar surge.  This created a problem then, as it does now, and creates huge opportunity for those in the know.

The rise of the dollar, the debt and the US stock market creates an especially dangerous conflict because Donald Trump wants to balance America’s trade.  A stronger dollar makes this impossible because it pushes up the cost of US material, US labor and US exports.

The overpriced dollar, the poor value of the US stock market (compared to other markets) create a dollar crisis and a special opportunity for you and me as investors.

“If I Live Long Enough, I’ll really cash in next time”.    I made this promise to myself in the 1980s.   A remarkable set of economic circumstances helped anyone who spotted them become remarkably rich.  Some of my readers made enough to retire.  Others picked up 50% currency gains.  I invested as much as I could handle then as the profits rolled in for about 17 years.  I had wished I could have invested more.

Now those circumstances are here again.

And I have…

invested more… a lot more… betting again the dollar.

The swollen stock market prices, huge dollar denominated debt and weakening dollar are three patterns that can create a fast 50% profit.

This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago.  The trends are so clear that I created a short, but powerful report “Three Currency Patterns For 50% Profits or More.”   This report shows how to earn an extra 50% from currency shifts with even small investments.

There is a way to accumulate good value equities denominated in the following currencies of special strength, including the Euro, Canadian dollar, Singapore dollar, British pound, New Taiwan dollar and Chinese yuan.

The report reveals 21 special non dollar equities that have the greatest opportunity for safety and appreciation.

I kept the report short and simple, but include links to 153 pages of global stock market and asset allocation analysis so you can keep this as simple or as complex as you desire.

The report shows 22 good value investments and a really powerful tactic to use that allows you to inexpensively accumulate these bargains now even in very small amounts (even $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

Research shows that most people worry about having enough money if they live long enough.   I never thought of that.   I just wanted to live long enough to see the remarkable economic opportunity that started in 1980 come again so I could hit the jackpot.  This powerful profit wave has begun.  I have made the investment myself  suggest you investigate this in my report “Three Currency Patterns For 50% Profits or More.”

Order the report here $29.95

My Guarantee

Order now and I’ll email the online report “Three Currency Patterns For 50% Profits or More” in a .pdf  file right away. 

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 within 60 days and I’ll refund your subscription fee in full, no questions asked.

You can keep the report “Three Currency Patterns for 50% Profits or More”  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.

Order the report here $29.95

Or get this report free.  Subscribe to the Purposeful Investing Course (Pi) described below.

 

Protect Your Wealth From a US Dollar Loss

Here are three steps to multi currency profits.   Seek value.  Cut losses.  Take profits.

Quotes from three great value investors support this thought.

Be fearful when others are greedy, and greedy when others are fearful.” Warren Buffett

“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” Ben Graham

We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” Charlie Munger

We do not have to be brilliant to preserve and increase our wealth.  When it comes to investing, discipline can make you smarter than the smartest man in the world.

sir issac newton

Sir Isaac Newton is widely regarded as one of the most influential scientists of all time.  His role was key in the scientific revolution.

His book “Mathematical Principles of Natural Philosophy” laid the foundations for mechanics.

He supplied a foundation to optics.

He helped develop modern calculus.

Newton formulated the laws of motion and gravitation and confirmed the heliocentric model of the cosmos.

Newton built the first practical reflecting telescope.

His theories about color and cooling and the speed of sound were spring boards in physics.

In math, Newton contributed to the study of power series, the binomial theorem to non-integer exponents, and a method for approximating the roots of a function.

He is said to have been the greatest genius who ever lived!

But Sir Issac Newton also lost his shirt in the stock market.  His comment was “I can calculate the motions of the heavenly bodies but not the madness of the people.

Sir Issac forgot the intelligence of value. He ignored the fact that buying and selling discipline is more important than being smart.

How can we gain this discipline?  Discipline comes from simple math which is why the data we use in my Purposeful Investing Course (Pi) is created by  mathematicians not economists.

I am happy to introduce an investing math program that instills investment discipline so you can use math, not emotion to protect and increase your wealth.

There are time tested mathematical systems that can help you know when to take profits that maximizes gains and minimizes loss.

These systems help you seek value but also create disciplined exit strategies because one of the toughest decisions most of us have is to know when to sell a rising or falling share.

Human nature makes it harder to let winners run, than to cut loses.

To easily spot good value and stick to it, we use Keppler Asset Management  as our first source of data.

Keppler’s analysis begins with a continual researches of corporate information on thousands of shares in 46 major stock markets. Keppler 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.

Fwd: keppler

Michael Kepler CEO Keppler Asset Management.

Keppler explains why a Top Value Country Selection Strategy for equities is important and says in his analysis: Among the generally accepted reasons for taking a global perspective in investments is the historical fact that no nation can maintain economic and political pre-eminence ad infinitum.

Studies have shown that, regardless of the investor’s national market and currency, diversified global equity portfolios, over longer periods, offer higher returns at lower risk than investments in national markets.

Keppler Asset Management Inc. (KAM) was  founded by Michael Keppler in 1992.  KAM is an SEC–registered investment advisory firm dedicated to finding and exploiting investment opportunities in the global equity markets. Based in New York, they advise institutional investors worldwide and help manage published mutual funds with total assets exceeding two billion US dollars. Plus they advise many private pension funds by specializing in active quantitative portfolio strategies that aim to deliver superior long-term performance and seek to limit risk through a firm commitment to value.

Starting in 2009, KAM was named Best Fund Company in the Fund category, five years in a row, by Capital, a leading German business magazine.

That’s my simplicity secret for keeping track of where to invest.  Using Keppler’s data has served me well for 25 years.  This is an effective easy system that does not requires a lot of time and avoids being drowned in a sea of conflicting opinions about what investment to make next.

More good news is that Keppler does not manage individual accounts and though SEC registered and headquartered in New York, does not mange funds for US customers.  That means that not many US investors are tapped into the information we use.

That’s why I created our Purposeful Investing Course, one of the few, if not the only sources of Keppler analysis for individual investors.

Here is how to tap into this valuable information on a no risk basis right now.

The Purposeful Investing Course combines Keppler analysis with research on low cost, good value country ETFs.

This is why my core stock portfolio consists of 16 country ETFs, along with precious metals.   This is also why this position has hardly changed in the past five years. During this time we have been steadily accumulating the same 16 shares and have traded only six times.

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

The value analysis is used to create a portfolio of 16 country ETFs. Each ETF  covers  one of the stock markets that are undervalued.

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

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

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 hold now.

70% of the equities is diversified into iShares ETFs that represent Keppler’s nine good value (BUY rated) developed markets: Austria, Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

30% of the equities are invested in Keppler’s good value (BUY rated) emerging markets: Brazil, Chile, China, Colombia, Malaysia, Mexico and Taiwan.

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

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

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

The big bonus.  You get paid more now!

Current markets have turned economic history upside down.  Normally bonds pay the highest interest rates and add safety to a portfolio.  Not right now.

This chart from the New York Times article “The Mystery of High Stock Prices” (1) shows that equities pay a higher yield than bonds.

wsj.com

Most Important, Get Paid the Most Now!

Just because US stocks pay more than dollar denominated bonds, does not mean they offer the best income deal.  In fact the chart below shows that US shares pay one of the lousiest yields of the 46 stock markets we monitor around the world.

The US MSCI Index pays a modest 1.91%.  That’s a terrible yield, but better than the 1.6% you can get in AA rated corporate bonds.

Nine solid, top value stock markets (shown below) not only add diversification and the best long term profit potential, they pay 71% higher yield, 3.27% compared to the US yield of 1.91%.

This is why my core stock portfolio consists of a handful of top value share ETFs and this position has hardly changed in five years. 

This strategy adds safety, increases long term appreciation potential and pays almost double short term dividend income right now.

In a moment, I’ll show how to push that yield to 4.07% per annum without adding additional risk.

keppler62020

During the past five years, I have been steadily accumulating the same good value ETFs.  I have traded only three times, so my trading costs, my fuss, fiddle and time spent have been kept to an absolute minimum.

I have been investing in iShare country ETFs.  Each one invests in the MSCI Index of one of the top (or neutral in the case of Canada and Australia) value markets above.

My strategy protects against stock market volatility and yet has potential for the best gains long term from rising share prices by holding an equally weighted portfolio of the best value based country ETFs.

Value ETFs are Safer

The people who dominate stock markets include a pack of thieves.  This fact has always been true.  We were recently reminded of this fact when Wirecard AG, one of Europe’s most prestigious companies, listed on Germany’s premier stock-market index, the Dax 30 fooled everyone including its top grade, longtime auditor, Ernst & Young GMBH.

The shares in German fintech company Wirecard AG (symbol WDI fell 63.74% as it filed for insolvency proceedings, after revealing that more than $2 billion in cash missing from its balance sheet was all a fraud.  The company’s market value fell to less than €500 million from almost €13 billion in a week.

Investors have seen this type of rip off again and again, really big scams from Enron to Bernie Madoff and these are just the tip of the iceberg.

Shares in stock markets are manipulated all the time.  Stock markets (in fact almost all types of markets) are led by sharks plain and simple.  Count on this fact.  This is the nature of the beast and the number one goal of many big businesses is to take as much of your money as they can to line their pockets.

In the Wirecard AG example many  thousands of investors have seen their hard work, their thrift, their security and hopes for the future disappear, even though they seemingly did everything right by investing in a blue chip, new era, high tech company.

A study of 92 years of investment returns shows that, despite the fraud and cheating and deceit, stock markets are still a good way to make your money grow… if you invest long term and diversify.

keppler

Our Pi strategy makes it harder for cheaters to grab your wealth because it’s very hard to manipulate an entire stock market, much less a dozen or so stock markets around the world.

Manipulators have a hard time tricking an entire market, especially larger markets.  If you get the best value country ETFs, your chances of long term profits improve.

I am updating my plan to increase my average yield to as much as 4.07%.

My developed market portfolio has been diversified into eight developed markets: Germany, Hong Kong, Italy, Japan, Norway, Singapore, Spain and the United Kingdom.

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

The average yield of these nine markets combined was 3.27% as of June 2020.  By replacing the three lowest yielding markets, Austria (.64%), Germany (1.83%)  and Japan (2.51%)  with two better yielding neutral markets Australia (4.57%) and Canada (3.54%) the average annual yield on the entire portfolio rises to 4.07%.

4.07% is 154% higher than the 1.6% you can currently earn on AA rated corporate bonds!

The ETFs provide higher income and incredible diversification for safety, plus the highest long term profit potential.

Here’s how you can create your own good value strategy.

I would like to send you, on a no risk basis, a 130 page basic training course that teaches the good value strategy I use.  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.

You also receive a 100+ 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 of all 46 markets.

This year I will celebrate my 52nd anniversary of global investing and 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 the Pi course.

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 $124.50 off the subscription.

Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report and access to all the updates of the past two years, plus all new updates over the next year.

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 in the first two months for a full no fuss full refund.

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

Due to the COVID-19 pandemic we have cut the subscription to $174.50.  You save $124.50!

Then because this global recovery from the pandemic is going to take years, we’ll maintain your subscription at just $99 a year rather than $299.  Your subscription will be autorenewed in 2021 at $99, though you can cancel at any time.

Click here to subscribe to Pi at the discounted rate of $174.50

Subscribe to Pi today and you get a year’s subscription to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, plus begin receiving regular Pifolio updates throughout the year.

Gary

(1) www.nytimes.com: mystery of high stock market prices

(1) www.macrotrends.net/2497/historical-inflation-rate-by-year

(2) www.macrotrends.net/2015/fed-funds-rate-historical-chart

 

New Inflation Scenario


The price of silver and gold are on the move… up!

We never know for sure if the rise will be sustained or high, but one thing is certain… there will be inflation.  That’s bad news for living, but usually good news for the price of gold.

Now a growing, global government interference in stock markets can push the cost of living up, even more.

gold

Last week we sent our Purposeful Investing (Pi) subscribers the August 2019 ENR Advisory Extra bulletin.

This advisory is for ENR’s largest clients and is only available to these large clients and PI subscribers.

ENR is one of the very few investment management companies that can help US investors bank and hold assets with non US banks.

This report looks at why inflation is coming and how to protect our wealth now.

The bulletin begins: It’s conventional wisdom in 2019 that inflation is dead, and the U.S. dollar is King.

Pundits, professional investors, market commentators and bearish advisors have been warning about looming inflation for the past 20 years, and most recently, since the advent of global quantitative easing (QE) in 2009.

Indeed, a period of unorthodox monetary policies initiated by the Federal Reserve (Fed) in 2009 saw more than $4.3 trillion printed to purchase U.S. Treasuries and mortgage-backed securities, according to Bloomberg.

In Europe, the European Central Bank (ECB) has minted about €4.65 trillion ($5.2 trillion) and is second only to the Bank of Japan, which has pumped more money into its economy to fight deflation; in fact, the Bank of Japan’s balance-sheet is now larger than the country’s gross domestic product.

And yet, despite all the money-printing – the most on record since the 1930s – inflation failed to ignite in the United States, Europe and Japan.

Even in China, several financial stimulus packages since 2009 have failed to grow inflation (see Total Assets of Major Central Banks, page 2, courtesy of Yardeni Research). According to InflationData.com, U.S. long-term average annual inflation as measured by the CPI is 3.25% from 1913 to 2018.

Before we look further into the bulletin, let’s ask, “have we really been without inflation?”

Not entirely.  According to the price history website in 2013dollars (1)  apples priced at $20 in 2000 cost $32.06 in 2019.  All food prices moved the same.

inflation

Housing was worse.  Housing priced at $100,000 in 2000 cost $155,802.64 in 2019.

Other price rises were far worse.  Take education as an example.  Educational supplies priced at $100 in 2000 were $246.23 in 2019.
College tuition priced at $20,000 in 2000 rose to $51,793.28 in 2019.  I suspect that easy student loans luring unsuspecting students had something to do with that.

Though these price increases are disturbing,  they would have been far worse if the 200o and 2009 recessions had not kept inflation down. Those recessions created a global low interest rate economic scenario that we have not seen in our lifetime.

ENR’s Advisory explains reasons why the scenario may now lead to much worse inflation.  The first part of this inflation scenario is the aging of the population.

One potential threat looms large over the next several years: U.S. entitlement spending. Mr. James Piereson, a senior fellow at the Manhattan Institute, published an insightful and equally alarming editorial in The Wall Street Journal on February 28, 2019 titled “How Debt Makes the Market Volatile.’ According to Mr. Piereson, global credit market debt, which includes all government, corporate and consumer debt, reached $244 trillion in 2018, compared with worldwide economic output of $85 trillion– a ratio of nearly 3 to 1.

The situation is worse in the United States: The St. Louis Fed calculates that total U.S. credit-market debt was $69 trillion in December 2017 compared to $19.4 trillion of GDP – a ratio of 3.6 to 1. Since 1980, according to Mr. Piereson, credit-market debt has risen 15-fold compared with a seven-fold increase in nominal GDP.

At more than $21.5 trillion – and growing – the federal debt is an out-of-control runaway train. Mr. Piereson poignantly depicts, interest payments continue to consume a rising share of federal spending. The U.S. government spent $315 billion in net interest payments last year, nearly 8% of its total $4 trillion in expenditures. Though the average annual interest rate on federal debt has declined from 6.6% in 2001 to 2.5% currently, the drop in per-dollar interest has encouraged the government to borrow much more. If rates were to rise, even modestly, from current levels, deficit-spending could overwhelm other spending priorities.

Entitlement spending needs to be controlled. Social Security’s costs are expected to exceed income in 2020 for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits, according to The Wall Street Journal.

By 2035, the trust funds for Social Security and Medicare will be exhausted, and Social Security will no longer be able to pay its full scheduled benefits, unless Congress boosts the program. Then there’s the federal budget. Both programs are putting more pressure on the governments’ budget projections. Social Security and Medicare account for 45% of federal spending, excluding interest payments on the national debt and have contributed to larger deficits that are set to exceed $1 trillion a year beginning in 2020.

Why focus on global debt accumulation and not just America’s government borrowing?  The aging of the global population is not just an American affair.   The population boom after WWII was international.   Now, Western societies, the US, Europe and Japan are overloaded with retirees who have been promised a lot!  But the assets to deliver the promises are not there.

Importantly, at a time when fiscal hawks in Washington and globally have literally deserted fiscal prudence, deficit spending and debt-servicing are likely to trigger the most significant inflation event since the 1970s Arab oil embargo.

The last two recessions and low interest rates have added another dilemma in the new inflation scenario.

The Advisory answers this question when it says: Central Banks Shift Bias; Inflation on ‘Sale’

As the Fed, the ECB and other central banks shift to an easing bias this year and possibly reintroduce another round of QE, global risk-based assets will appreciate. The prospect of renewed easing by the ECB only stands to intensify an already distorted bond market and encourage investors to buy riskier securities. At some point, that could become a trigger for a nasty bout of financial turmoil. According to Deutsche Bank, about 25% of the world’s sovereign bond markets now have negative yields.

With a total of 35 global central banks already cutting interest rates this year, the odds increasingly favor a mad dash into global equities later this fall and into 2020. Declining rates are bullish for stocks and bonds; also bullish is the possibility of the ECB purchasing euro-zone equities, similarly to the Bank of Japan.

What if the Fed follows suit and purchases stocks? The ongoing distortions in euro-zone and Japanese bond markets might spread to stocks, if central banks launch asset purchases of said assets in Europe and the United States. The Bank of Japan, for example, owns about 75% of the country’s exchange-traded fund market and is a top ten shareholder in 40% of Japan’s listed companies, according to The Financial Times.

That’s an incredible intrusion on capital markets. A central bank has no business buying stocks.

As the world rushes into equities and credit again, financial risks will grow. And one of those risks is inflation – virtually on nobody’s radar. More money-printing, larger deficits and wider distortions in asset prices will eventually come home to roost when this incredible monetary experiment is finally exhausted.

One way to survive inflation is to invest in good value equity markets.  I explain this at Profitable Investing Made EZ

The ENR Advisory provides some inflation fighting clues and says:  Surviving Inflation: How to Invest and includes 4 inflation hedges. These include gold bullion, B2Gold Corp., Japanese yen, and the iShares S&P GSCI Commodity Trust.

The Advisory says (bolds are mine) : The first inflation asset to buy now is gold bullion, preferably in physical form.

Gold ETFs are a secondary option and should be used mainly as a diversification tool for institutional investors and managed accounts because gold ownership is more expensive. You can buy gold domestically in the United States through reputable dealers like KITCO, The Hartford Gold Group, Asset Strategies International and Advantage Gold.

Americans can also tuck some gold in their IRAs.

If you must buy an ETF, I like the iShares Gold Trust (NYSE-IAU) levying just 0.25% per annum in fees.

Also, providing much less liquidity but also less expensive, is the Graniteshares Gold Trust (NYSE-BAR), charging an industry-leading 0.175% in annual fees.

Silver is also dirt-cheap, especially compared to gold.  The Gold-to-Silver ratio sits at its highest levels in more than 30 years, meaning silver is extremely undervalued compared to gold.

Though more cyclically tied to the global economy, silver is nevertheless a monetary metal and will follow gold prices higher. From its high of $48.60 an ounce in 2011, silver is down a dizzying 66% at just $16.44 an ounce. I like the iShares Silver Trust (NYSE-SLV).

No other real asset has endured a deeper bear market than commodities. From all-time highs in July 2008, commodities are still down more than 60%.

Historically, inflation tends to rise after periods of low inflation, and vice versa. Considering how conventional market wisdom has essentially ‘given up’ on rising inflation after almost four decades of falling prices coupled with the prospects of significantly higher U.S. deficit financing, real assets look like a big bargain in mid-2019.

Inflation has been held down over the last 20 years by low interest rates and increased global productivity created by the introduction of computers and the internet into commerce.

The benefits of these technological advances are likely to wane and added to the problems created by an aging  society and wanton government spending… we can logically expect a dramatic increase in inflation.

See one way to beat inflation by leveraging speculations in silver and gold with an overpriced US dollar below.

ENR Asset Management is one of the few SEC registered investing advisors that can assist American investors in banking in Austria and Switzerland.  For details send me a note with the words AUSTRIA in the subject line to gary@garyascott.com

Gary

Turn $250 into $51,888, Guaranteed

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

I first spotted an opportunity in 1986.   Two short term distortions (in the price of silver and the strength of the British pound) created potential for huge profits.  I wrote in a report (called the “Silver Dip”) that told how to borrow British pounds to speculate in silver and earn over $50,000 profit.  That’s the headline I used then in 1986, “Turn $250 into $51,888… in Four Years or Less”.

The report showed how to take borrow overpriced British pounds and invest the loan in under priced silver.   $250 was required to set up the loan.  No other cash was needed to borrow the pounds.

Readers who followed the report made $46,299 on the no cash investment in only one year

Then in 2015 I spotted the same distortion again.  The British pound was overvalued.  Silver was undervalued. 

I quickly issued a report… the “Silver Dip 2015” that looked at how similar conditions to 1986 had fallen into place.  The price of silver had reached a six year low.  The British pound strength was rising.  The dollar per pound rate was $1.55 per pound, exactly the same as in 1986 and the silver/gold ratio rose over 80 just as in 1986.

That report revealed the iShares Silver Trust, a silver ETF  and during the year after issuing this report, the share price rose from $13.57 per share to $19.60 in 2015.

The rise in the silver price created a nice profit.   The currency and leverage tactics within the strategy turned the nice profit into a very nice profit.

A $10,000 (6,451 British pounds) loan purchased 736 shares at $13.57.  In 2015 the shares rose to $19.60 and were worth $14,425 (up 44.25%).

Those profits were spectacular by any stretch of the imagination but turned out even better because the profits above excluded the forex profit.

In 2015-2016 , the British pound dropped almost exactly as it did 30 years ago!  The British pound fell from $1.55 per pound to $1.33 per pound.

At $1.33 per pound, the 6,451 pound loan only required $8,575 to pay back the loan.  This created an extra $1,425 forex profit.

When the opportunity appeared again last year, I updated the report to  “Silver Dip 2018”.

The 2018 report showed how the opportunity for this speculation was even better than it was in 2015.

Yet the profits have not yet arrived.  This allows me to make an amazing no-risk guaranteed offer to you.

Silver Dip 2019 includes profit calculations for 2019 and I offer you the report “Silver Dip 2019” with a year long guarantee.

“If the profits recommended in the report don’t arrive by the end of the year, I’ll give you a complete and full refund”.

That’s right if the tactic described in Silver Dip 2019 do not hit their target, you don’t have to pay a thing for the report.

Investing in silver ETFs leveraged with margin loans may create extraordinary profits in 2019.

The “Silver Dip 2019”  shows how to easily make an ideal speculation for almost any amount.   The report shows when and how to get margin loans in dollars, British pound, Japanese yen or euro.

In fact you learn how to borrow in 23 different currencies, even Russian rubles, so you can choose the weakest currency with the lowest interest rates.

Low Interest Loans

Interest on the loan won’t eat up profits.  The “Silver Dip 2019” shows how to borrow many currencies right now for less than 2%.

The Silver Dip is only exercised when conditions are absolutely ideal.  Value investors never push this rule.  Investment and speculative markets are full of rumor, conjecture (a lot of it false) and hidden agendas.  The Silver Dip relies instead on a really simple theory… that the price of gold should rise about the same rate as other basic goods and the rise and fall of silver’s price should maintain a parity with gold.  When that parity is out of balance (as it has been since August 2018) silver’s price is ready to explode.

The “Silver Dip 2019” explains how to speculate in silver ETFs plus outlines the following:

  • How to use the Silver Dip strategy without adding a penny of cash if you already have investments.
  • How to invest as little as a thousand dollars in silver if you do not have a current investment portfolio.
  • Why this is a speculation, not an investment:  who should and should not speculate and how to limit losses and take profits.
  • Three reasons why conditions are excellent for better for a Silver Dip now.
  • Three different ways to invest in the US or abroad.
  • How to buy gold and silver or platinum with or without dollar leverage margin accounts.

The “Silver Dip 2019” also contains four matrices that calculate profits and losses so investors can determine cut off positions in advance to protect profits and/or losses.  The report also looks at how to switch time horizons for greater safety.

Rising interest rates make the stock market highly dangerous in the short term. “The Silver Dip 2019” shows how to create a safe, diversified good value stock portfolio and use it to generate much higher returns with a little controlled speculation in silver.

Learn how to beware of certain brokers and trading platforms, how to choose a good bank or broker and how silver profits are taxed.

The report includes a complex comparison of silver’s price with other costs of living from 1942 to today to help determine its real value.

Finally, learn why and how to use advisers to manage profits from silver dips.

Current circumstances could cause the price of silver to rise rapidly at any time.  Do not delay reading this report.

The Silver Dip sold for $79 in 1986.  Due to savings created by online publishing (we have eliminated the cost f paper and postage), we are able to offer this report for $39.95.

Order now by clicking here.  Silver Dip 2019  $39.95

The benefit of 50 years experience in watching markets, metals, bonds, interest rates and currencies, I have learned many special pricing situations to watch for.

These special opportunities do not appear every day.  That’s why they are special.

Unless you have seen them come and go, it’s hard to see them coming again.

That is why I was willing to wait for years for silver to be in a special pricing position.

Our courses and reports are about finding good value and they have been helping astute readers find value investments, again and again for 50 years.

The “Silver Dip 2019” report shows a current huge opportunity.  I continuously watch for aberrations in currency and precious metal markets.   Sometimes a rare quirk, such as the currency distortions, low cost loans and low silver price  offer potential for profit, with very little risk of long term loss.

Investors who speculate on these aberrations at the correct time can make fortunes.

The time is now.

Success is almost guaranteed.  In fact an 89 year study showed a 99% change of success when sequence distortions are worked in a certain way.

We are stalking precious metal opportunity now.

The trap is set. We are waiting…

This opportunity is explained in the report “Silver Dip 2019”.

You can order the Silver Dip 2019 here for $39.95

Here is why there is no risk for you.  The report is 100% guaranteed.

I do not sell book, reports and courses.  I offer benefits.  If  the Silver Dip 2019 does not bring you the benefits you expect, just let me know any time in 2019 and I’ll send you a quick, no questions asked, full refund.

I can’t promise that silver’s price will rise in 2019 but  I can guarantee you’ll be fully satisfied with the report or… you can have your money back in full.

You can order the Silver Dip 2019 here for $39.95

Gary

(1) www.in2013dollars.com/College-tuition-and-fees/price-inflation