There is power in investing thrift. Avoid frequent trading. Reduce investing costs. Don’t get ripped off by Wall Street.
Image from WSJ.com article “Wells Fargo, Awash in Scandal, Faces Violations Over Car Insurance Refunds” (1)
How bad are the thieves who are supposed to look after our money? The big guys can cheat their customers again and again. The New York Times article above shows how this bank has ripped off its customers for a third time in just one year.
The article says: Wells Fargo, the scandal-plagued bank, is facing new regulatory scrutiny for not refunding insurance money owed to people who paid off their car loans early.
This is the third such incident revealed in just the last year, for just this bank.
How many shenanigans are not revealed in this industry?
Last year, Wells Fargo bank employees created millions of credit card and bank accounts that customers had not requested. They robbed customers of millions.
Last month, this same bank was found to have forced unneeded collision insurance on consumers who financed their car purchases. That practice hit 800,000 customers caused 274,000 people to be delinquent and 25,000 cars to be wrongly repossessed.
Now the Federal Reserve Bank of San Francisco is investigating a different insurance rip off related to a different type of insurance called guaranteed auto protection insurance, or GAP.
It is not mandatory for car buyers to carry GAP insurance, which typically costs $400 to $600. But car dealers push the insurance, and lenders like it because of the protection it provides. When borrowers pay off the loans early, Wells Fargo should have provided a refund of some of the GAP insurance premium.
Guess what… they did not.
We are on our own! We should not expect the authorities to protect us.
The Wall Street Journal article “When Brokers Want to Move Your Money Out of a Very Good Thing” (2) explains why.
The article says: So far this year, here’s what our friends in the federal government have done for — and to — citizens who hope to find simple ways to save enough money for retirement without anyone robbing them blind.
■ Continued a year’s long fight against a rule that requires many retirement advisers to act in their clients’ best interests.
■ Reversed a rule that would have made it easier for states to create retirement savings plans for people who don’t have one at work.
■ Abandoned a new federal program to help lower-income savers, young ones in particular.
The article tells how brokers allegedly persuaded about 200 people to move money out of a safe government plan and put the funds in expensive annuities, earning hefty commissions. The overall costs in the government plan are about as low as employer-based retirement savings plans get, about 38 cents for every $1,000 someone had invested.
Moving investors out of the plan earned four brokers about $1.7 million in commissions, at the investor’s expense. Once again Wall Street used investors hard earned savings to line a broker’s pocketbooks.
We publish The Purposeful investing Course (Pi) to help readers improve their investment trading discipline so they can increase profits, reduce risk, reduce trading costs and save time.
The core of the Pi strategy is to use math based financial news to invest in a portfolio of equities in the best value stock markets using country ETFs. These mathematically calculated valuations do not change quickly, and the portfolios researched by Pi have not traded once in the last two years.
This creates an enormous thrift.
One big question about how to manage these Pi portfolos called Pifolios is “What to do when markets have a severe correction?”
Here is an excerpt from a recent Pi Update that looks at two strategies for dealing with market downturns but keeping costs down.
The first strategy is hold on and continue to accumulate value. This works well if an investor has time for the portfolio to ride before cash is required. If one sticks to the strategy (and does not bail out at the bottom), this strategy requires the least time. Investors can focus on more important aspects in life.
Plus trading costs are kept at a minimum.
The second strategy is to use math to spot trends and use trailing stops (based on market momentum not entry price) to get out of a market before it severely declines.
This strategy offers the best long term profit, IF an investor can stick to the strategy AND ALSO uses the same math to get back into the market as it recovers.
As the US Stock Market leaps from all time high to all time high, it’s time to ask ourselves “When will the US stock market bull be over? What to do about it?”
At Pi we track market momentum in all the Pi ETFs at Tradestops.com.
On June 16, 2017 Dr. Richard Smith CEO of Tradestops wrote: “Is This 9-Year Bull Market Over?”
We are well into the ninth year of a bull market that has barely seen any 10% corrections, much less a 20% drop. But warning signs that this bullish market are coming to an end have begun to show up.
The three danger signals mentioned at that time were:
#1: The short-term trend of the Dow Jones Transportation Average (DJTA) was to the downside, yet the short-term trend of the DJIA was to the upside.
The Dow Theory states that (DJTA) must also be trading at new highs for the new highs of the Dow Jones Industrial Average (DJIA) to be confirmed, otherwise the trend of the DJIA is not sustainable.
Since 1999, each time this has occurred has been the precursor of a downward move in the DJIA.
#2: The divergence in the DJIA and the Nasdaq Composite Index (COMP). The DJIA was trading at new highs, yet the COMP was trading more than 2% off its most recent highs.
Since 1971, there have been 12 times that the DJIA has been at new highs with the COMP at least 2% off its highs. In 9 of the previous 11 occurrences, the DJIA has moved lower.
#3: Commercial traders in the DJIA had a historically-large net negative position. When their positions have been negative in the past, it has led to downturns in the DJIA.
Last week Dr. Smith warned again in an editorial titled “Is the Bear About to Pounce?” and pointed out that the divergence of the Dow Jones Transportation Average (DJTA) from the Dow Jones Industrial Average (DJIA) has grown.
The short-term trend of the DJTA is to the downside, yet the short-term trend of the DJIA is to the upside.
The benefit that Tradestops offers investors is a Stock State Indicator of specific shares that suggests price levels for rising trailing stops as the markets rise.
Dr. Smith also wrote in last week’s editorial: “No matter what happens with the markets, however, I’m not worried. I’ve got my stops in place. I know what I’ve got at risk and I’m comfortable with it. Could something go terribly wrong? You bet. That’s what my stops are for. They’re like having your seat belt on in the car.
“On the other hand, could something go terribly right? Absolutely! The entire summer has seen the stock market climb a wall of worry to new all-time highs. Just today we saw stronger than expected job creation. Upside surprises are always a possibility.
“My stops protect me on the way down, but they’ve also been moving higher and capturing greater profits on the way up. We should never forget that trailing stops are just as important for “unlimiting your upside” as they are for limiting your downside.”
Warnings of a Wall Street crash lead us to other important questions.
Will other stock markets fall in tandem with the US?
Will other stock markets rise as investors pull out of the US and invest in other markets.
Whatever the answer, the best place to be is still in good value markets. The best strategy is still to use math based financial news to reveal good value and to invest equally in good value markets.
Trailing stops is an additional way to protect again a global secular stock market slide.
Pi uses math to reveal the best value markets. Pi also uses math at Tradestops.com to see the momentum of these good value markets.
For example, we can see that all the ETFs in the Pifolio have green SSIs (Stock State Indicators).
The Stock State Indicators at Tradestops.com act as a full life-cycle indicating the health of your stock. They are designed to tell you at a glance exactly where any stock stands relative to Dr. Smith’s proprietary algorithms.
What this signal indicates is the current health of the stock (performing well, or in a period of correction, or stopped out).
The SSI will tell you one of five things:
Momentum based on the latest 521 days of trading is a key component of the Stock State Indicator (SSI) system. A stock changes from red to green in the SSI system only after it has already gone up a healthy amount and has started a solid uptrend.
How SSI Alerts Are Triggered
If the position has already moved more than its Volatility Quotient below a recent high, the SSI Stop Loss will trigger. This is an indicator that the position has corrected more than what is normal for this stock. It means to take caution.
Below are the Major and Emerging market Pifolios that we track at Tradestops.com.
Click on images to enlarge Equal Weight Good Value Developed Market Pifolio.
All the ETFs in the Developed Market Pifolio currently have a green SSI. This is also the case for the Good Value Emerging Market Pifolio below.
Good Value Emerging Market Pifolio.
We do not know when the US market will fall. We only do know that it will. We also do not know if, when the US market corrects, global markets will follow or rise instead.
The fact that the Pifolios are invested in good value markets reduces long term risk.
Additional protection can be added by using trailing stops based on the momentum of each stock in the Pifolio.
Take for example, the iShares MSCI United Kingdom ETF. This ETF has a green SSI at this time.
iShares MSCI United Kingdom ETF (Symbol EWU)
Pi purchased the share at $31.26 and it is currently at $34.43 and rising. Tradestop’s algorithms suggest that if the price drops to $31.69, its momentum will have stopped and it is trading sideways. The stop loss price is currently $29.86. If EWU continues to rise, both the yellow warning, and the stop loss price will rise as well.
There are numerous signs that the nine year US stock market bull will end. No one knows for sure when or how severe the correction will be.
When the bear arrives, what will happen to global and especially good value markets? We do not know the answer to this question either.
What we do know is that the equally weighted, good value market Pifolios have the greatest potential long term and that math based trailing stops can be used to protect against a secular global stock market correction when it comes.
One important part of value investing is to keep trading costs down. One way we can do this is to invest in good value shares so we don’t need to that much. Let’s buy and hold good value for the long term. When we let value help us select our investments we are also less vulnerable to being misguided by bankers or brokers with conflicted interests.
However there is a problem.
There is a good chance you read how Martin Shkreli became the most hated man in America because of his price gouging with pharmaceuticals. Yet he was arrested for securities fraud.
Image of Martin from the Independent (1)
The fact that Shkreli was linked to both financial services and health care is not surprising because health care and investment services share a connected theme.
The problem in both industries is that they are rife with conflicts of interest. The conflict stems from the fact that health care givers and financial advisers are also both sellers of health care and financial services respectively.
An old saying is “If you ask a hammer for a solution, the answer will always be a nail”.
A New York Times article “Why Investors Are Right to Be Distrustful” shows once again how when we need big banks and brokers to help, they hurt investors, even their customers, instead.
This article explains how many banks and financial firms, like JPMorgan, steer customers into expensive in-house mutual funds and hedge funds, even when better, less expensive options are better. Firms are at least supposed to let their clients know of the options. JPMorgan, from 2008 to 2015, did not and due to numerous pervasive conflicts agreed to admit their wrongdoing, pay a settlement of $307 million and improve their disclosure process.
The article said, “After the deal was done, the bank took little true responsibility for the misconduct; a spokesman described the problem as “disclosure weaknesses,” adding that they were “not intentional and we regret them.” But in fact, the violations were more like standard operating procedures than unintended lapses. JPMorgan brokers told The New York Times that they were pressured by their bosses to put clients into overpriced and underperforming proprietary funds.”
Regretfully this is nothing new. I recall a friend who was a broker for Merrill Lynch in Hong Kong in the 1970s. He was regularly grumbling because Merrill had a pay system that forced him to push shares that were not in his client’s best interests. As I recall he had a three tier system: A shares, B shares and C shares. Merrill wanted him to push the “A” shares as these paid the highest commissions. Plus at the end of each pay period he was expected to have sold a certain percentage of “A” shares. The problem my friend had was that the “A” shares were often really lousy investments, so he could not honestly do what Merrill demanded AND look after his client’s best interest.
There are ways to beat this problem. When we started our new course on value investing, I decided to find the least expensive way to invest in good value, for even the smallest investor. At our October 2015 Value Investing Seminar I outlined a portfolio of 17 good value, Country ETFs. This portfolio was created based on my 50 years of experience and research from several of the sharpest, good value mathematicians.
According to the analysis I put together, the equally-weighted combination of these ETFs offers one of the easiest ways to attain the highest expectation of long-term risk-adjusted performance. In fact, with time above average performance is almost guaranteed.
The chart below, by Keppler Asset Management shows how after just 18 months this type of portfolio has a 75% chance to outperform the Morgan Stanley MSCI World Index of shares. After three years the odds are 85% that this portfolio will outperform the MSCI World Index and after eight years the odds rise to 95%.
Click on chart to enlarge.
The keys to this portfolio are good value, low cost, minimal fuss & bother. Plus a great savings of time. Trading is minimal, usually not more than one or two shares are bought or sold in a year. I wanted to find the very least expensive way to create and hold this portfolio so I performed a test.
The Test for Low Cost Trading
Research put every part of this portfolio in place, except knowing the best, easiest and least expensive way to buy. A search for an optimal way to buy and hold boiled down to two methods. One tactic to test was to use a unique online broker that appeared to offer the lowest cost deal. The other approach was to use a community bank in Smalltown USA. The small town bank that I use looks after my 401K trust account and their service is first class. The benefit of small banks is that they still treat us as a human beings (instead of a number) and when we need, it’s easy to go right to the top to answer a question or get a problem resolved. There are no call centers. The bank and the person looking after my account is just around the corner.
I created a test to see which offered the least expensive service.
Working with my banker in Smalltown USA, I created two accounts, one at the online broker and the other at the bank. I placed $40,000 in each.
I set up the order for the 17 country ETFs online, while my trust manager set up orders for the identical amounts of the same shares in his system. Then we got on the phone, coordinated our timing and on a count of three each pushed the button “BUY”.
I am sharing the results of this test with Pi (Purposeful Investing) subscribers this week and want to offer you a chance to subscribe to Pi before I release these results. The savings you can gain on any purchase of 17 shares has the potential to be more than the cost of the Pi subscription. Learn below how to join us with Pi.
Regardless of whether you subscribe and review the test, here is the portfolio that I have invested in for your review.
Click on image to enlarge.
Beware of medical practitioners and investment advisers who offer services, products or procedures that give them income and profit. Their advice may be conflicted. Rely instead on value and mathematics. They always reflect truth.
Last Friday our shopping cart provider had a problem that stopped many of you from taking advantage of our special free seminar offer, so I have extended this opportunity, that ended Sunday, through today.
Warren Buffet once warned against the Cinderella effect.
He said “Don’t be fooled by that Cinderella feeling you get from great returns. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know the party must end but nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Cinderella may have lost a shoe when she fled the party to meet a midnight curfew. We can lose much more when we rush from a crashing stock market.
Most investors face emotional dangers that build in rising markets.
Almost everyone feels good.
But the he clock of economic reckoning is ticking.
No wants to see it. Nothing rises forever and especially… not everything at the same time.
Yet no one wants to leave the party until the end.
But many edge closer to the door.
When the clock chimes there could be a stampede even though leaving in a hurry may be the worst way to go.
Here are seven steps that can help avoid this risk.
Choose investments based on markets instead of shares.
Diversify based on value.
Rely on financial information rather than economic news.
Keep investing simple.
Keep investing costs low.
Trade as little as possible.
Make the decision process during panics automatic.
One strategy is to invest in country ETFs that easily provide diversified, risk-controlled investments in countries with stock markets of good value. These ETFs provide an easy, simple and effective approach to zeroing in on value. Little management and less guesswork is required. The expense ratios for most ETFs are lower than those of the average mutual funds. Plus a single country ETF provides diversification equal to investing in dozens, even hundreds of shares.
A minimum of knowledge, time, management or guesswork are required.
The importance of…
easy…
transparent…
and inexpensive.
Keeping investing simple is one of the most valuable, but least looked at, ways to avoid disaster. Simple and easy investing saves time. How much is your time worth? Simple investing costs less and avoids fast decisions during stressful times in complex situations where we are most likely to get it wrong.
Fear, regret and greed are an investor’s chief problem. Human nature causes investors to sell winners too soon, and hold losers too long.
Easy to use, low cost, mathematically based habits and routines help protect against negative emotions and impulse investing.
Take control of your investing. Make decisions based on data and discipline, not gut feelings. The Purposeful investing Course (Pi) teaches math based, low cost ways to diversify in good value markets and in ETFs that cover these markets. This course is based on my 50 years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.
Enjoy Repeated Wealth With Pi
Pi’s mission is to make it easy for anyone to have a strategy and tactics that continually maintain safety and turn market turmoil into extra profit.
One secret is to invest with a purpose beyond the immediate returns. This helps create faith in a strategy that adds stickiness to the plan.
Another tactic is to invest with enough staying power so you’re never caught short.
Never have to sell depressed assets during periods of loss.
Lessons from Pi are based on the creation and management of Model Portfolios, called Pifolios.
The success of Pifolios is based on ignoring economic news (often created by someone with vested interests) and using financial math that reveals deeper economic truths.
One Pifolio covers all the good value developed markets. Another covers the emerging good value markets.
The Pifolio analysis begins with a continual research of 46 major stock markets that compares their value based on:
#1: Current book to price
#2: Cash flow to price
#3: Earnings to price
#4: Average dividend yield
#5: Return on equity
#6: Cash flow return.
#7: Market history
This is a complete and continual study of almost all the developed major and emerging stock markets.
This mathematical analysis forms the basis of a Good Value Stock Market Strategy. The analysis is rational, mathematical and does not worry about short term ups and downs.
This strategy is easy for anyone to follow and use. Pi reveals the best value markets and provides contacts to managers and analysts and Country Index ETFs so almost anyone can create and follow their own strategy.
The course examines and regularly reports on the hows and whys of seven professionally managed portfolios so we can learn how managers find and invest in good value. The Pifolios are:
Keppler Good Value Developed and Emerging Market Pifolios
State Street Global Advantage Emerging & Developed Market Pifolios
Gold & Silver Dip Pifolio
ENR Advisory Extra Pifolio
Tradestops.com Trailing Stops Pifiolio
As you can see in this image (click to enlarge) the top performing Pifolio we are tracking is the State Street Global Advantage Pifolio was up 43.15%. Here is the breakdown of that current Pifolio.
Learn how to invest like a pro from the inside out.
State Street is one of the largest fund managers in the world and their Global Advantage funds invest in good value shares in good value markets.
In the updates we review each portfolio, what has been purchased and sold, why, the ramifications for high risk, medium risk and low risk investors.
At the beginning of 2018 my personal Pifolio is based on select ETFs in the Keppler Developed and Emerging markets. My Pifolio is invested in Country ETFs that cover seven developed and three emerging markets:
Norway Australia Hong Kong Germany Japan Singapore United Kingdom Taiwan South Korea China
Don’t give up profit to gain ease and safety!
This portfolio has outperformed the US market (S&P 500) in 2017 as the chart below shows.
My portfolio blue. S&P 500… green.
Regardless of economic news, these markets represent good value and have been chosen based on four pillars of valuation.
Absolute Valuation
Relative Valuation
Current versus Historic Valuation
Current Relative versus Relative Historic Valuation
When you subscribe to Pi, you immediately receive a 120 page basic training course that teaches the Pi Strategy. You learn all the Pi strategies, what they are, how to use them and what each can do for you, your lifestyle and investing.
You also begin receiving regular emailed Pifiolio updates and online access to all the Pifolio updates of the last two years. Each update examines the current activity in a Pifolio, how it is changing, why and how the changes might help your investing or not.
Included in the basic training is an additional 120 page PDF value analysis of 46 stock markets (23 developed markets and 23 emerging stock markets). This analysis looks at the price to book, price to earnings, average yield and much more.
You also receive two special reports.
In the 1980s, a remarkable set of two economic circumstances helped anyone who spotted them become remarkably rich. Some of my readers made enough to retire. Others picked up 50% currency gains. Then the cycle ended. Warren Buffett explained the importance of this ending in a 1999 Fortune magazine interview. He said: Let me summarize what I’ve been saying about the stock market: I think it’s very hard to come up with a persuasive case that equities will over the next 17 years perform anything like—anything like—they’ve performed in the past 17!
I did well then, but always thought, “I should have invested more!” Now those circumstances have come together and I am investing in them again.
The circumstances that created fortunes 30 years ago were an overvalued US market (compared to global markets) and an overvalued US dollar. The two conditions are in place again!
30 years ago, the US dollar rose along with Wall Street. Profits came quickly over three years. Then the dollar dropped like a stone, by 51% in just two years. A repeat of this pattern is growing and could create up to 50% extra profit if we start using strong dollars to accumulate good value stock market ETFs in other currencies.
This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago. The trends are so clear that I have created a short, but powerful report “Three Currency Patterns for 50% Profits or More.” This report shows how to earn an extra 50% from currency shifts with even small investments. I kept the report short and simple, but included links to 153 pages of Good Value Stock Market research and Asset Allocation Analysis.
The report shows 20 good value investments and a really powerful tactic that shows the most effective and least expensive way to accumulate these bargains in large or even very small amounts (less than $5,000). There is extra profit potential of at least 50% so the report is worth a lot.
This report sells for $29.95 but in this special offer, you receive the report, “Three Currency Patterns for 50% Profits or More” FREE when you subscribe to Pi.
Plus get the $39.95 report “The Silver Dip 2018” free.
With investors watching global stock markets bounce up and down, many missed two really important profit generating events over the last two years. The price of silver dipped below $14 an ounce as did shares of the iShares Silver ETF (SLV). The second event is that the silver gold ratio hit 80, compared to a ratio of 230 only two years before.
In September 2015, I prepared a special report “Silver Dip 2015” about a silver speculation, leveraged with a British pound loan, that could increase the returns in a safe portfolio by as much as eight times. The tactics described in that report generated 62.48% profit in just nine months.
I have updated this report and added how to use the Silver Dip Strategy with platinum. The “Silver Dip 2017” report shares the latest in a series of long term lessons gained through 40 years of speculating and investing in precious metals. I released the 2015 report, when the gold silver ratio slipped to 80. The ratio has corrected and that profit has been taken and now a new precious metals dip has emerged.
I have prepared a new special report “Silver Dip 2019” about a leveraged speculation that can increase the returns in a safe portfolio by as much as eight times.
You also learn from the Value Investing Seminar, our premier course, that we have been conducting for over 30 years. Tens of thousands of delegates have paid up to $999 to attend. Now you can join the seminar online FREE in this special offer.
This three day course is available in sessions that are 10 to 20 minutes long for easy, convenient learning. You can listen to each session any time and as often as you desire.
The sooner you hear what I have to say about current markets, the better you’ll be able to cash in on perhaps the best investing opportunity since 1982.
Tens of thousands have paid up to $999 to attend.
This year I celebrated my 51st anniversary of writing about global investing. Our reports and seminars have helped readers have better lives, with less stress yet make fortunes during up and down markets for decades. This information is invaluable to investors large and small because even small amounts can easily be invested in the good value shares we cover in our seminar.
Stock and currency markets are cyclical. These cycles create extra profit for value investors who invest when everyone else has the markets wrong. One special seminar session looks at how to spot value from cycles. Stocks rise from the cycle of war, productivity and demographics. Cycles create recurring profits. Economies and stock markets cycle up and down around every 15 to 20 years as shown in this graph.
The effect of war cycles on the US Stock Market since 1906.
Bull and bear cycles are based on cycles of human interaction, war, technology and productivity. Economic downturns can create war.
The chart above shows the war – stock market cycle. Military struggles (like the Civil War, WWI, WWII and the Cold War: WW III) super charge inventiveness that creates new forms of productivity…the steam engine, the internal combustion engine, production line processes, jet engines, TV, farming techniques, plastics, telephone, computer and lastly during the Cold War, the internet. The military technology shifts to domestic use. A boom is created that leads to excess. Excess leads to correction. Correction creates an economic downturn and again to war.
Details in the online seminar include:
* How to easily buy global currencies, shares and bonds.
* Trading down and the benefits of investing in real estate in Small Town USA. We will share why this breakout value is special and why we have been recommending good value real estate in this area since 2009.
* What’s up with gold and silver? One session looks at my current position on gold and silver and asset protection. We review the state of the precious metal markets and potential problems ahead for US dollars. Learn how low interest rates eliminate opportunity costs of diversification in precious metals and foreign currencies.
* How to improve safety and increase profit with leverage and staying power. The seminar reveals Warren Buffett’s value investing strategy from research published at Yale University’s website. This research shows that the stocks Buffet chooses are safe (with low beta and low volatility), cheap (value stocks with low price-to-book ratios), and high quality (stocks of companies that are profitable, stable, growing, and with high payout ratios). His big, extra profits come from leverage and staying power. At times Buffet’s portfolio, as all value portfolios, has fallen, but he has been willing and able to wait long periods for the value to reveal itself and prices to recover.
This chart based on a 45 year portfolio study shows that holding a diversified good value portfolio (based on a good value strategy) for 13 month’s time, increases the probability of out performance to 70%. However those who can hold the portfolio for five years gain a 88% probability of beating the bellwether in the market and after ten years the probability increases to 97.5%.
Time is your friend when you use a good value strategy. The longer you can hold onto a well balanced good value portfolio, the better the odds of outstanding success.
Learn how much leverage to use. Leverage is like medicine, the key is dose.The best ratio is normally 1.6 to 1. We’ll sum up the strategy; how to leverage cheap, safe, quality stocks and for what period of time based on the times and each individual’s circumstances.
Learn to plan in a way so you never run out of money. The seminar also has a session on the importance of having and sticking to a plan. See how success is dependent on conviction, wherewithal, and skill to operate with leverage and significant risk. Learn a three point strategy based on my 50 years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.
The online seminar also reveals the results of a $80,000 share purchase cost test that found the least expensive way to invest in good value. The keys to this portfolio are good value, low cost, minimal fuss and bother. Plus a great savings of time. Trading is minimal, usually not more than one or two shares are bought or sold in a year. I wanted to find the very least expensive way to create and hold this portfolio so I performed this test.
I have good news about the cost of the seminar as well. For almost three decades the seminar fee has been $799 for one or $999 for a couple. Tens of thousands paid this price, but online the seminar is $297.
In this special offer, you can get this online seminar FREE when you subscribe to our Personal investing Course.
Save $468.90 If You Act Now
Subscribe to the first year of The Personal investing Course (Pi). The annual fee is $299, but to introduce you to this online, course that is based on real time investing, I am knocking $102 off the subscription. Plus you receive FREE the $29.95 report “Three Currency Patterns for 50% Profits or More”, the $39.95 report “Silver Dip 2018” and our latest $297 online seminar for a total savings of $468.90.
Triple Guarantee
Enroll in Pi. Get the basic training, the 46 market value report, access to all the updates of the past two years, the two reports and the Value Investing Seminar right away.
#1: I guarantee you’ll learn ideas about investing that are unique and can reduce stress as they help you enhance your profits through slow, worry free, easy diversified investing.
If you are not totally happy, simply let me know.
#2: I guarantee you can cancel your subscription within 60 days and I’ll refund your subscription fee in full, no questions asked.
#3: You can keep the two reports and Value Investing Seminar as my thanks for trying.
You have nothing to lose except the fear. You gain the ultimate form of financial security as you reduce risk and increase profit potential.
Subscribe to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, the “Silver Dip 2018” and “Three Currency Patterns For 50% Profits or More” reports, and value investment seminar, plus begin receiving regular Pifolio updates throughout the year.
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