Podcast appearances and mentions of steve sjuggerud

This Flashback Friday is from episode 277, published last September 11, 2012. Jason Hartman is joined by Dr. Steve Sjuggerrud, editor for Stansberry Research, for a discussion of real estate investing domestic and international, attractive mortgage rates, and government deals that are making real estate a much more attractive investment. Steve talks about what he calls the “Bernanke Asset Bubble,” where the Fed would like to see a booming real estate market and stock market to get the country back on its feet.  Jason and Steve also talk about the demographics of the rental market and comparative returns of the rental market and stocks. Dr. Steve Sjuggerud is the founder and editor of one of the largest financial newsletters in the world, True Wealth.  Since inception in 2001, True Wealth readers have made money every year with safe, contrarian investment ideas. Steve did his PhD dissertation on international currencies, he's traveled to dozens of countries looking at investment ideas, and he's run mutual funds, hedge funds, and investment research departments. Steve's investment philosophy is simple: "You buy something of extraordinary value at a time when nobody else wants it. And you sell it at a time when people are willing to pay any price to get it." It's harder than it sounds, but Steve continues to be able to do just that for his readers.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

We're excited to bring on a brand-new Stansberry Investor Hour guest this week – a name that Stansberry Research readers will undoubtedly recognize: Brett Eversole... After working with Stansberry Research heavyweight Dr. Steve Sjuggerud for more than a decade, Brett is now the lead analyst for Steve's suite of publications. In True Wealth, Brett and his team help their readers uncover safe, alternative investments that are overlooked by Wall Street. In True Wealth Systems, they use advanced, proprietary software to amplify investor returns in every corner of the market. And in True Wealth Real Estate, they scour the market for deals that combine the power of investing directly in private real estate with the ease of profiting from housing stocks. That's where Brett and Dan start this week's interview... A slew of new data released just last week confirms that the housing sector is in a worsening tailspin. But as a contrarian, Brett says the masses have mistakenly "over extrapolated" this cooldown and that we're not, despite popular belief, in a 2000s-style bubble that's headed for a bust. Housing is like water – it's at the bottom of Maslow's hierarchy of needs... Nobody panic-sells their house. He explains why today's reality is far different from what most folks fear and that with the right data and analysis, you can even uncover ways to profit in the housing sector today. As for the driving force behind this slowdown, inflation is another topic that Brett and Dan tackle. They discuss its history (like the "guns and butter" era Dan lived through), their outlook on interest rates, and the Federal Reserve "pivot" narrative. Finally, you'll hear about a shared musical hobby between the two and how it intersects with finance. And Brett leaves listeners with advice on how to work smarter – and not harder – with tips on developing effective work habits.

We're excited to bring on a brand-new Stansberry Investor Hour guest this week – a name that Stansberry Research readers will undoubtedly recognize: Brett Eversole... After working with Stansberry Research heavyweight Dr. Steve Sjuggerud for more than a decade, Brett is now the lead analyst for Steve's suite of publications. In True Wealth, Brett and his team help their readers uncover safe, alternative investments that are overlooked by Wall Street. In True Wealth Systems, they use advanced, proprietary software to amplify investor returns in every corner of the market. And in True Wealth Real Estate, they scour the market for deals that combine the power of investing directly in private real estate with the ease of profiting from housing stocks. That's where Brett and Dan start this week's interview... A slew of new data released just last week confirms that the housing sector is in a worsening tailspin. But as a contrarian, Brett says the masses have mistakenly "over extrapolated" this cooldown and that we're not, despite popular belief, in a 2000s-style bubble that's headed for a bust. Housing is like water – it's at the bottom of Maslow's hierarchy of needs... Nobody panic-sells their house. He explains why today's reality is far different from what most folks fear and that with the right data and analysis, you can even uncover ways to profit in the housing sector today. As for the driving force behind this slowdown, inflation is another topic that Brett and Dan tackle. They discuss its history (like the "guns and butter" era Dan lived through), their outlook on interest rates, and the Federal Reserve "pivot" narrative. Finally, you'll hear about a shared musical hobby between the two and how it intersects with finance. And Brett leaves listeners with advice on how to work smarter – and not harder – with tips on developing effective work habits.

Stansberry Research’s Digital Anchor, Jessica Stone, recaps this week’s Business News. This week’s show focuses on the Real Estate Market, the Chinese Market, and the Gaming Industry.   Daily Wealth’s Steve Sjuggerud explains why the commercial real estate market might not be all doom and gloom, post-pandemic, and discusses how to make major gains in a zero interest environment in commercial real estate.  Bryan Tycangco from True Wealth Opportunities reveals why investors are flooding into Chinese sovereign bonds, and illustrates how differently the Chinese and U.S governments deal with their respective economies.  And Dermot Smurfit the CEO of GAN, a multi-billion dollar iGaming website, and Stansberry's Bryan Beach join for a conversation about the booming gaming and sports betting industry, and how you can get in on the action. Dermot talks about their company’s pivot to more gaming options since the majority of sports, especially in the U.S., are on hiatus.

Tuna used to be considered brain food before it had mercury in it. Get some real brain food read TRUE WEALTH by Dr.Steve Sjuggerud . --- Send in a voice message: https://anchor.fm/lisa-frattali/message

Read Stansberry Research. Start with Dr . Steve Sjuggerud . Dr. David Eifrig . Your future self will thank you. --- Send in a voice message: https://anchor.fm/lisa-frattali/message

Everyone’s rattled. It’s one thing to understand the logical argument for Dr. Steve Sjuggerud’s “Melt Up” thesis – but that doesn’t mean weeks like this, while historically normal, are fun to watch. With Friday morning bringing on another down day as tech reported weak earnings, plenty of brand names are trading significantly lower than they were Monday morning. The way our analysts see it, that means a lot of bargains are out there for investors who see them for what they are. In a choppy week for markets, Buck calls in Extreme Value editor Dan Ferris to give his take on what this signals for stocks – and in a week where all sorts of quality companies are trading at discounts, where the biggest opportunities can be found. He’s also joined by his chief research officer Mike Barrett, who specializes in finding potential – and hidden land mines – that others don’t see in companies, thanks to his ability to get “up to his eyeballs” in SEC filings and obscure documents.

We’re joined for this 72nd episode of Stansberry Investor Hour by Dr. Steve Sjuggerud and his lead analyst, Brett Eversole. Fresh from the Stansberry investor summit in Las Vegas last week, they’re here to give us their take on the stock market’s crazy ride this week – as well as some details on Stansberry’s big “Meltinar” Event coming October 24.  In Porter’s own words, “I’ve never seen Steve blow a major market call – wish I could say the same of me!”  So, we think you’ll want to hear Steve’s take on the wild ride in this week’s markets, and what it means for the last stage of the “Melt Up.” As Steve tells investors this week: “Strap in for the ride. It is a rocky ride higher.” 

Kim Iskyan and Brian Tycangco from Stansberry Churchouse Research call in from Singapore and Manila to tell you about opportunities in industrial robotics, the “great infrastructure catchup” taking place all over Asia, and where to find the possibility of 10x investment returns in some of the most unlikely places on earth.   Brian and Kim also explain how they’ve built an entire business on the “bad to less bad” investment theme and recount the best ideas from the recent Asia Investment Opportunities Conference hosted by Steve Sjuggerud in Hong Kong. Watch all eleven presentations for only $49 and get a free year of The Churchouse Letter.   John Gillin, Scott Garliss, and Greg Diamond from The Investors Marketcast podcast join the discussion with their latest analysis on bitcoin and how the world’s top cryptocurrency could easily fall below $1000 before any price recovery.

Porter and Buck welcome two of the smartest traders on the planet, True Wealth editor Dr. Steve Sjuggerud, and Jason Goepfert of SentimenTrader.com. Porter’s the Bear and Steve's the Bull when it comes to the direction of stocks, but what’s the market really trying to tell us? Jason shows you how sentiment can be massively valuable for contrarians who buy hated investments, and Porter asks what kind of ignored opportunities he sees today. Steve asks Jason for his take on the bond markets, oil, interest rates, and how volatility and sentiment impact trading decisions. Porter shares his biggest saving grace as an investor, and asks Jason how quickly a market indicator can get him to change his mind. Porter answers a listener’s question about how bond recovery works when a company goes bankrupt, and Steve tells you why many Chinese stocks are set to explode, how you can get in on the trade, and why China is his absolute favorite investment theme for the next 2 to 5 years.

Are you aware of and ready for the immense shift of cash into China beginning May 2018? China is the world's second largest economy and second largest stock market yet China is not included in the world stock market indexes - yet. That's about to change! Steve Sjuggerud, lead editor for Stansberry Reseach, joins host Jordan Goodman to talk about the booming investment opportunities about to open up in China and what investors should do now to be part of that boom.

Are you aware of and ready for the immense shift of cash into China beginning May 2018? China is the world's second largest economy and second largest stock market yet China is not included in the world stock market indexes - yet. That's about to change! Steve Sjuggerud, lead editor for Stansberry Reseach, joins host Jordan Goodman to talk about the booming investment opportunities about to open up in China and what investors should do now to be part of that boom.

Steve Sjuggerud joins Buck this week to break down the mixed messages you’ve been seeing on China’s economy, proposed US trade tariffs, and why “Trump’s China” is based on an outdated perception and vastly different from reality in Beijing. Steve tells you the one thing that matters most when it comes to investing in China’s markets, and why the trade war volatility is presenting a unique investment opportunity. Steve tells you the easiest way for foreign investors to get exposure to local Chinese stock markets.   Author and Daily Beast columnist Gordon Chang joins the conversation to tell you why a China trade war has been coming for quite some time. Buck asks Gordon if China is in a better trade negotiation position than the US, and whether or not President Xi Jinping’s communist leadership will fall in line with US requests on intellectual property. Will a crisis of confidence in China put a damper on its hyper growth policies?   A listener writes in with a timely question about China’s aspiration to become a more relevant player in global currency markets. Does it make a difference to the US, Europe, and Japan if China pushes the yuan as a reserve currency?

Steve Sjuggerud is the editor of True Wealth, a Stansberry Research publication.

Steve Sjuggerud is the editor of True Wealth, a Stansberry Research publication.

Porter reveals why no major media outlet will cover his best-selling book, American Jubilee, which has sold over 50,000 copies in the last few months. Is the dirty math at General Electric about to get a lot worse? Porter has new information about dubious accounting practices used at GE that could potentially put the conglomerate in the same league as Enron. He offers a solution for corporate America that would immediately stop the crazy debt madness and financial shenanigans found at some major public companies. Dan Denning of the Bill Bonner Letter joins Buck and Porter to talk about the early days of Porter’s publishing business, why he recently traveled 3,000 miles out west looking for “bolt hole” communities, how he hates to disagree with Steve Sjuggerud, and what newsletters he’s reading these days for ideas and inspiration. The mailbag is filled with questions about Porter’s natural gas prediction, capital efficiency, and the Stansberry Alliance. One listener writes in to tell everyone how he was almost “Bucked” on a position in GE before he heard Porter’s analysis. 0:38: Porter tells Buck about his new status as a best-selling author, and theorizes about why the New York Times will never put him on their bestseller list. 4:00: Porter reads from Grant’s Interest Rate Observer regarding the Multi-Employer Pension Reform Act of 2014 that gives pension plans an avenue to reduce payments to their beneficiaries up to 50%. 7:18: What’s going on in the FBI? Buck breaks down the latest in the FBI’s alleged plans to take down Trump’s campaign in what could be a bigger scandal than Watergate, and why he’s still reserving judgement. 10:35: Buck makes a prediction if Democrats take Congress this fall: They will impeach Donald Trump. It’s what their base will demand they run on – but even if they take control, one threshold in the Senate might save Trump. 12:43: Porter shares his own radical fix for our broken, circular-firing squad politics: Give citizens voting power equal to the taxes they pay. “Look at the history of our democracy since we went to universal suffrage – they’re not good outcomes.”  23:15: Porter picks apart the lie that ballooning CEO compensation is “just what the market bears out” and reveals why the situation with GE is about to get $20 billion worse. 27:36: Buck introduces Dan Denning, and Porter shares the story of how he was broke, recently fired, and “at loose ends” when Dan’s seemingly small but momentous gesture let him launch a newsletter empire. 30:22: Porter asks Dan which newsletters he’s reading these days and he tells you why he never likes to disagree with Steve Sjuggerud. Dan gives Porter a tip about a favorite new writer he’s reading that you’ve likely never heard of before. 36:49: Dan tells you about his recent 3,000-mile journey in the western US looking for “bolt hole” communities that you can move to in times of crisis. He found whole parts of America that are emptying out, but offering great opportunities in real estate and peace of mind. 40:09: There’s one recommendation that probably embodies his investing philosophy better than any other – Hershey – and Porter reveals what makes it so special. Dan shares the two qualities he looks for, and the investment that went up 5,000% after he recommended it. 45:44: There’s only one area where Porter thinks Agora founder Bill Bonner’s been wrong for as long as he’s known him, and that’s his general aversion to the stock market. “Aren’t you giving up too much upside?” 49:26: Dan explains why history is of little help making sense of today’s markets where traditional asset class relationships don’t seem to be working anymore. Porter agrees and goes into detail on how the true barometer of financial excesses today isn’t in the stock market. 58:34: With a small amount of envy, Porter shares the findings from the full audit of Steve Sjuggerud’s newsletter recommendations, and how since inception of his letter in 2001, the average gain is 20.6% – a record that beats virtually every hedge fund and mutual fund, and doubles the S&P 500’s return. 1:06:02: Buck reaches into the mailbag and pulls out a question from Jim T., who asks Porter how he gets his prediction that natural gas prices will rise to $10 when fracking is already unleashing such a supply glut. Porter responds it all comes down to what the Chinese will STOP doing.

Porter tells you about what really happened at General Electric (GE) under the reign of Jack Welch and his successors. It’s the story of an unholy partnership between big government and big media. A tragedy of paper money, financial speculation and excessive greed. Porter explains what GE has been doing since the mid-90s, and it has nothing to do with lightbulbs, locomotives, or power plants. GE has been involved in a gigantic financial gamble for decades…right under the nose of shareholders. The SEC is now investigating the company’s accounting, and Porter explains how GE could easily become the next Enron or Lehman. Buck and Porter welcome Steve Sjuggerud, editor of True Wealth and Porter’s long-time partner at Stansberry Research. Steve reveals how much longer the stock market MeltUp can continue, which warning sign to look for from the government that has consistently preceded the last three market corrections, and a recommendation for Buck on the easiest way to invest in the China boom.

Porter and Buck have a laugh over the recent news of Chase’s Jamie Dimon trying to convince the world that Bitcoin is a fraud. They reveal the real reason behind Dimon’s panic, and why Bitcoin and blockchain technology is one of the most significant risks central banks will face in the near term. Porter and Buck welcome David Tice, President of Tice Capital and one of Wall Street’s most prolific bears. David tells Porter that he’s singing a slightly different tune lately after reading Steve Sjuggerud’s Melt-Up thesis. Porter asks David about the toxic stew of debt from reckless student, corporate, and auto loans…and shares the biggest prediction he’s been wrong about. David and Porter both give you their “bear market survival plan” for when this historic bull market finally takes a break. You’ll learn what to own, what to avoid, and how to come out unscathed in the next market downturn. Porter points out that the recent Toys R Us bankruptcy could be the canary in the coalmine that leads to a bond market reckoning. Buck channels “Arianna” and “Bill” for a timely response to a listener’s question.

Buck channels his best Arianna Huffington to help Porter understand what’s happening to men in America’s boardrooms. Porter digs into auto loans and reveals the canary in the coal mine to watch in the oil business. Buck talks about Sleeping Giants - an underground digital activist phenomenon that has unknown origins, but is taking down major media properties. Special guest Steve Sjuggerud shares what he found on his recent trip to China and how to join his next investor webinar at www.MeltUpBriefing.com. 

In Episode 58, we welcome Axel Merk from Merk Investments. After a bit on Axel's background, the guys jump in, discussing the Fed's decision to raise interest rates today (recorded on Wed 6/14/17). Axel discusses how the Fed has announced the normalization of its balance sheet and the pace at which it would like to do so - but they've left out lots of details. He likens it to driving into a tunnel with no lights on. In essence, the Fed doesn't know where it wants to go. Axel's response touches upon our current low volatility. Meb hones in on this, asking if the low volatility is in part due to actions from the Fed. Axel believes this to be the case (central banks in general, not just the Fed). Yet there's plenty more, involving how central bank activity has fueled this up, up, up market, with investors piling into risk assets. But Axel thinks asset prices are likely to come down from here. He says "A lot of that (rising asset prices) has been induced by central banks. The unwinding of that is going to be, at the very least, let's put it in quotes "'interesting.'" Meb then focuses the conversation on equities. He says how here in the U.S. they're expensive. So what does Axel see as the opportunity set in equities around the globe? You'll need to listen for the details, but Axel likes a pairs trade, going long France and short the S&P. Of course, he is quick to say he could be wrong on both legs. Meb segues to China, as Axel had mentioned it earlier. If you're a regular Meb Faber Show listener who heard Steve Sjuggerud and Jason Hsu's thoughts on China, you'll want to hear Axel's thoughts for a different take. He's not nearly as bullish. He concludes by saying "I happen to think that if you want to be looking at the one risk event that's out there, that's going to get people's attention, China is certainly at the very top of the list." Since Axel is a currency guy, Meb then brings currencies into the conversation, asking how investors might think about them in a broader portfolio context. Axel gives us a great overview of different currency markets, with additional detail on the Dollar vs Euro. Overall, he sees the Dollar toward the top of its cycle, and the Euro toward its bottom. He concludes by predicting that the Euro will be substantially stronger a year from now. There's a great deal more in this episode: whether retail investors should be following an endowment allocation... how holding cash is not necessarily a bad investment choice... a great discussion on gold, and how it fits into a portfolio... even Axel's thoughts on cryptocurrencies and Bitcoin. And of course, we get Axel's one piece of investment advice for listeners, as well as his most memorable trade (Hint - he bought Apple early). Find out all the details in Episode 58.

In Episode 52, we welcome Jason Hsu, joining us all the way from Taipei. We start with a bit of background on Jason and his company, Rayliant, which is a spinoff off Research Affiliates. Listeners might recognize the name Research Affiliates, as it was co-founded with another Meb Faber Show guest, Rob Arnott. Rob and Jason decided to spin off Rayliant to enable Jason to focus on his investing passion, China. As the conversation naturally led to China, Meb decides to run with it. He brings up how a prior Meb Faber Show guest (Steve Sjuggerud) is incredibly bullish on China. Meb asks Jason for a “boots on the ground” perspective. Does Jason agree with Steve’s bullishness? In short, absolutely. Jason has two hypotheses as he evaluates China: One, as China continues moving toward, and eventually becomes, the world’s largest economy, investors will realize they’re underexposed to this market. Given this, there will be major rebalancing into Chinese equities; Two, Jason tells us that approximately 80-90% of Chinese daily trade flow comes from retail investors (here in the U.S. this percentage is significantly lower). This means more market inefficiencies, so the probability for “alpha” for managers is greater. Both these factors make China a market that should be on investors’ radars. The China discussion dovetails into investor sentiment on China, and how emotionally-driven we are, which typically ends in underperformance. This leads Meb to ask pointedly, why are people so bad at investing? Jason gives us his thoughts, which tend to reduce to “flow chases short-term performance.” He goes on to say how oftentimes, investors get crushed as they buy in at the peak of a style or asset class cycle. Meb asks how investors should combat this. Jason has a classic response: “Whatever you think is a good idea… do the opposite and you’re going to be more successful.” The reason this tends to work is because “This is a market where the average human tendencies are precisely the wrong thing to do.” This prompts Meb to bring up a study idea he wants a listener to undertake for him regarding historical news headlines and investor sentiment. Listen for the details. Anyone up for the project? The guys stay on the topic of behavioral challenges, with Meb pointing toward one of Jason’s papers about how investors prefer complexity to simplicity. It’s a fascinating look into our wiring as humans and why investing is such a challenge for us. Next, the guys move on to smart beta and factor investing. Meb asks Jason to provide an overview, and any main takeaways for investors implementing smart beta strategies. Jason gives us his thoughts, including revealing his personal favorite factor: value. This leads the guys into a discussion of Warren Buffett and his true alpha being his ability to stick to his style and not abandon it at precisely the wrong time, as most of us do. The guys then discuss manager performance and underperformance, and the tendency to always be chasing. There’s far more in this episode: Meb’s “forever fund” idea (which most people he’s discussed it with actually hate)… Why hedge fund lockups and opaqueness can actually be a good thing… The unique “values” which Jason created for Rayliant, and how they’re so different than those of most other money managers… Jason’s most memorable trade… And lastly, his final takeaway for listeners looking for better market performance. What is it? Find out in Episode 52.

In Episode 49, we welcome Dr. Steve Sjuggerud. The conversation begins with Meb and Steve reminiscing about the origin of their friendship, which dates back some 10 years. This leads the guys into Steve’s background, and how he transitioned from being a broker into being the highly-popular investment newsletter writer he is today. Meb asks Steve to describe his investing framework. Similar to Meb, Steve likes both value and trend. Specifically, he looks for 3 things: assets that are “cheap,” “hated,” and “in an uptrend.” This methodology applies to all sorts of asset classes. The guys dig deeper into value and trend, leading to Steve ultimately to say, “If I had to choose between one or the other, I would actually choose momentum over value.” Meb agrees. Next, Meb asks how the world looks to Steve today. Is he buying? Defensive? Where’s he looking? And so on… Steve tells there are always reasons to sell or stay out of the market. Despite this, Steve’s thesis is that interest rates will stay lower than you can imagine, longer than you can imagine. And this will drive asset classes higher than we can imagine. We’re still not at absurd equity levels yet here in the U.S. – Steve says we’re maybe around the 7th or 8th inning of this bull market. But the biggest gains can often come at the end of a bull market, so there’s potentially more significant room to run. As the guys discuss this, the conversation tilts toward investor sentiment. They agree that irrational exuberance for this bull market simply doesn’t exist right now. There’s no euphoria. Steve sums it up simply: “This is not what the peak of a bull market looks like.” Yeah, valuations are high, but interest rates are near historic lows. Relative to bond yields, the equity values are far more reasonable. Investors need to compare returns to what you can get through other asset classes. The guys jump around a bit, touching upon the warning signs Steve will look for to tip him off as to when to bail on U.S. stocks, a discussion of the Commitment of Traders report and how to use it, and then a discussion of U.S. housing and how it’s a solid investment right now because housing starts are nowhere near what they need to be to equalize supply and demand.   The guys then turn toward foreign equities, where it appears that value and trend are lining up. Foreign has been cheap for a while, but it’s been underperforming. And now that appears to be changing. Meb asks Steve to tell us what he’s seeing – it generally boils down to one big thing: China. You’ll definitely want to listen to this part of the discussion, as Steve tells us about a revolution in mobile payments that’s already happened in China (and will likely happen here in the U.S.). But beyond that, Chinese stocks as a whole are now incredibly cheap. Even better, there are going to be tailwinds of adding Chinese stocks to a major index. I won’t get into the details here, but the analogy the guys use is having the teacher’s manual of a high school textbook with all the answers ahead of time. Best of all, Steve gives us the names of some actual ETFs that may benefit from this trend. There’s much more in this value-packed episode: gold and gold mining stocks… Steve’s investment in St. Gaudens coins… Steve’s surfboard and vintage guitar collections (including the story of a $30K guitar he bought and later sold for $72K)… And of course, Steve’s most memorable trade – which involved a painful 50% loss for Steve and his subscribers, all stemming from the lie of a certain global politician. Which politician and which lie? Find out in Episode 49.

Episode 27 starts with a quick note from Meb. It’s a week of freebies! Why? Meb is celebrating his 10th “blogiversary.” (He’s officially been writing about finance now for a decade.) Be sure to hear what he’s giving away for free. But soon the interview starts, with Meb asking Porter to give some background on himself and his company, as Porter’s story is somewhat different than that of many guests. Porter tells us about being brought into the world of finance by his close friend and fund manager, Steve Sjuggerud. This conversations bleeds into Porter’s thoughts on how a person should spend his 20s, 30s, and 40s as it relates to income and wealth creation. But it’s not long before the guys dive into the investment markets today, and you won’t want to miss Porter’s take. In essence, if you’re a corporate bond investor, watch out. Porter believes this particular credit cycle is going to be worse than anything we’ve ever seen. Why? There’s plenty of blame to go around, but most significantly, the Fed did not allow the market to clear in 2009 and 2010, and it means this time is going to be very, very bad. Porter gives us the details, but it all points toward one takeaway: “There’s going to be a big bill of bad debt to pay.” Meb then asks what the investing implications are for the average investor. This leads to Porter’s concept of “The Big Trade.” In a nutshell, Porter has identified 30 corporate offenders, “The Dirty 30.” Between them, they owe $300 billion in debt. His plan is to monitor these companies on a weekly basis, while keeping an eye out for liquid, long-dated puts on them that he’ll buy opportunistically. He’ll target default-level strike prices, and expect 10x returns – on average. Meb likes the idea, as the strategy would serve as a hedge to a traditional portfolio. Next, the guys get into asset allocation. Porter’s current strategy is “allocate to value,” but for him that means holding a great deal of cash. Meb doesn’t mind, as wealth preservation is always the most important rule. This leads the guys into bearish territory, with Porter believing we’ll see a recession within the next 12 months. This transitions into how to protect a portfolio; in this case, the guys discuss using a stop-loss service. Porter finds it invaluable, as most people grossly underestimate the risk they’re taking with their investments, as well as their capacity to handle that risk. He sums up his general stance by saying if you don’t have a risk management discipline you will not be successful. Next, the guys get into the biggest investing mistakes Porter has seen his subscribers make over the years. There’s a great deal of poor risk mitigation. He says 95% of his own subscribers will not hedge their portfolio. Meb thinks it’s a problem of framing. People buy home insurance and car insurance. If we framed hedging as “portfolio insurance” it would probably work, but people don’t think that way. He sums up by saying, “To be a good investor, you need to be good at losing.” Porter agrees, pointing out how Buffet has seen 50% drawdowns twice in the last 15 years. If there’s a takeaway from this podcast, it’s “learn how to hedge.” There’s far more, including what Porter believes is the secret to his success. What it is? Find out in Episode 27.

Today on Trend Following Radio Michael Covel discusses scams and what can be learned from them. Any scam that takes place today, we have seen before. In the early 2000’s Enron was at the height of its game. Turns out they had a fake trading floor set up just to convince Wall Street they were real. At Enron’s peak, their company was trading at $90 a share. When it crashed, their stock traded around $0.50 a share. And that story brings us up to current day with the latest Enron.Michael continues to read more feedback, but this time from a listener of his podcast seguing him into the current blowup of the pharmaceutical company, Valeant. Valeant’s share prices went from $250 to $30 in short order. Even as the stock was crashing people were buying the hype and false fundamental information. Michael reads from sources such as Jim Cramer, Morgan Stanley, and Valeant themselves. He then connects articles from Enron’s press releases back in 2001 before their crash and press releases from Valeant in 2016. Quotes from both companies CEO’s have strikingly similar comments on their companies as events led up to their falling apart.Bottom line, if you are in a stock that goes from $250 to $30…You screwed up. There is no reason for that except you. When the numbers say exit, you exit. Ego must be left out of your trading. Michael ends with excerpts by Steve Sjuggerud. Check your ego at the door, have a stop loss, and stick to your plan. In this episode of Trend Following Radio: Ponzi schemes and scams The Enron scandal Valeant meltdown Ego in trading

Jason Hartman is joined by Dr. Steve Sjuggerrud, editor for Stansberry Research, for a discussion of real estate investing domestic and international, attractive mortgage rates, and government deals that are making real estate a much more attractive investment. Steve talks about what he calls the “Bernanke Asset Bubble,” where the Fed would like to see a booming real estate market and stock market to get the country back on its feet.  Jason and Steve also talk about the demographics of the rental market and comparative returns of the rental market and stocks. Dr. Steve Sjuggerud is the founder and editor of one of the largest financial newsletters in the world, True Wealth.  Since inception in 2001, True Wealth readers have made money every year with safe, contrarian investment ideas. Steve did his PhD dissertation on international currencies, he's traveled to dozens of countries looking at investment ideas, and he's run mutual funds, hedge funds, and investment research departments. Steve's investment philosophy is simple: “You buy something of extraordinary value at a time when nobody else wants it. And you sell it at a time when people are willing to pay any price to get it.” It's harder than it sounds, but Steve continues to be able to do just that for his readers.

  Steve Sjuggerud, editor of True Wealth and True Wealth Systems newsletters for S&A, talks about why U.S. stock will go much higher from here.  He explains why he's bullish on China and why investors should continue to stay clear of Russia and Greece.  Finally, Steve shares his favorite idea - which trades at just 8 times earnings and pays over a 5% yield. 

Steve Sjuggerud the editor of True Wealth launches his brand new podcast with his co-host and senior analysts Brett Eversole. In today’s first episode Steve and Brett talk about the best speeches from their recent conference in the Dominican Republic.  They review Jim Rogers, Jim Rickards, Martin Fridsons and Porter Stansberry speeches and their best take-aways. Plus they interview long newsletter writer and their good friend Frank Curzio.   Sit back, listen in and we hope you enjoy.

This week's show is a special one... It's the last free episode of Stansberry Radio.   After three years of broadcasting from a dark and dingy studio in Baltimore, Porter and I have decided to shut down the T-Rex show.   On this final show, you'll hear all the reasons why we made the difficult decision to pull the plug.   In true Stansberry Radio fashion we are going out with a bang. We invited one of our favorite guests for a no-holds-barred interview... the founder of Casey Research, Doug Casey.   Porter and Doug discuss the lies that are destroying America. This show will strike a nerve with many of our listeners.   In sincerity, I want to thank every single listener for all of your feedback over the years. We certainly wouldn't have made it this far without you.   I personally owe a debt of gratitude to every single one of you. The growth I've experienced in both finance as well as my personal life over the last three years can largely be attributed to Stansberry Radio. Now, it's onto the next chapter.   We also recently announced Steve Sjuggerud is taking over Frank Curzio's show. We have no doubt he will do a fantastic job. So please give his show a try.   And lastly, I’d really like for you to consider trying out Stansberry Radio Premium. To learn more, click here.     As always, we welcome any and all feedback. You can email us here: feedback@stansberryradio.com.

This week, Frank explains why he's no longer with Stansberry Research, who'll be taking his seat in our podcast studio, and what's next.   For his last podcast interview on the Stansberry Radio Network, he asked his friend and mentor Steve Sjuggerud, the editor of True Wealth and True Wealth Systems to join him.   They talk about the stock market, the real estate market, gold, China, Russia and a lot more.   Steve gives our listeners’ one of his best ideas, details on a large Chinese ETF. . Franks asks him the difference between that and another well-known fund composed of similar equities. Steve explains the difference between them and why his pick is so unique right now. Steve explains the difference between them and why ASHR is so unique right now.   Frank signs off thanking everyone in the Stansberry family for all they've done for him over these last few years.     We wish him all the best.

This week, Steve Sjuggerud, one of Frank's mentors, close friend, and editor of True Wealth, joins S&A Investor Radio.Steve tells Frank that the biggest gains are often earned in the last few innings of a bull run... And we're in the seventh inning right now.Back in 2010, Steve made one of his biggest and most important predictions to date, which he calls the "Bernanke Asset Bubble."Today, Frank and Steve talk about another similar trend that is in the very beginning stage.If you missed the "Bernanke" opportunity... here is your second chance to get in early...It's a no-brainer... don't miss out!And, there are many styles of investing... Find out why Steve has had such success with his and how he is able to apply his method to every asset class.Plus, Frank reveals his favorite contrarian sector to buy right now.HINT: It's a country that everyone hates right now.

This week, Steve Sjuggerud and his good friend Rahul Saraogi, a managing director at Atyant Capital, join Stansberry Radio to share the unique situation in India right now.Rahul is a hedge-fund manager based in Chennai, India. He has been investing in India as his career for 14 years. And he told us on the radio show that India is "looking better than I've seen it in my career."Find out why Rahul says that the opportunity today was much better than it was in 2008... Rahul wasn't so concerned about the specific way you invest... as long as you simply get some money in. "India itself is going to do really well," he said. "You need to have a piece of India in your portfolio."I suggest you get to know India, and Rahul, now... You'll hear why India is a fantastic opportunity right now... Rahul is your best guide for how to invest right. Get to know him... and get some money invested in India, now... Plus, Steve shares one pick that is already up 20% in three months.   

This week, Aaron sits down with Steve Sjuggerud, editor of True Wealth and True Wealth Systems, and his lead analyst, Brett Eversole.They start the show off by recapping the Stansberry Society Conference that was held this past weekend in Miami.Steve talks about his presentation, "The Trade of the Decade" from the conference... It will probably change your view of China.Then, Brett breaks down this month's pick in True Wealth Systems.They reveal the "systems" secret... "When our systems flash "buy," it's often the start of something big. "Right now, our True Wealth Systems computers are spitting out a new buy signal."It's a commodity fund that dramatically outperforms with less volatility... This is BIG news!You don't want to miss this show.

This week, I sit down with Steve Sjuggerud, the editor of True Wealth and True Wealth Systems and one of the founders of Stansberry Research. Steve talks about how hard it is to buy those assets that you feel horrible buying... "When it feels really, really wrong, that's when it's probably right."        

Jason Hartman is joined by Dr. Steve Sjuggerrud, editor for Stansberry Research, for a discussion of real estate investing domestic and international, attractive mortgage rates, and government deals that are making real estate a much more attractive investment. Steve talks about what he calls the “Bernanke Asset Bubble,” where the Fed would like to see a booming real estate market and stock market to get the country back on its feet.  Jason and Steve also talk about the demographics of the rental market and comparative returns of the rental market and stocks.Dr. Steve Sjuggerud is the founder and editor of one of the largest financial newsletters in the world, True Wealth.  Since inception in 2001, True Wealth readers have made money every year with safe, contrarian investment ideas. Steve did his PhD dissertation on international currencies, he's traveled to dozens of countries looking at investment ideas, and he's run mutual funds, hedge funds, and investment research departments. Steve's investment philosophy is simple: "You buy something of extraordinary value at a time when nobody else wants it. And you sell it at a time when people are willing to pay any price to get it." It's harder than it sounds, but Steve continues to be able to do just that for his readers.

Porter returns to the show to speak with Aaron and fellow best-selling editor Dr. Steve Sjuggerud to discuss Steve’s background in finance and newsletters as well as his ideas behind his best-selling newsletters True Wealth and True Wealth Systems. Steve also challenges Porter’s “End of America” thesis and more scumbags are added to the “Scumbag of the Week Registry”.

The Stansberry & Associates annual Alliance conference was in Zurich this week. Frank breaks down all of the S&A editors presentations - including those from Steve Sjuggerud, Dan Ferris, Matt Badiali, a big nat gas insider, and Jeff Clark. Call 866-783-4141 for more info on joining the Alliance.