Disclosures and Details

Please read the following information carefully.

This isn't your typical, boilerplate disclaimer. And this document contains two distinct parts.

Part 1: DISCLOSURES ABOUT OUR BUSINESS contains critical information that will help you use our work appropriately and give you a far better understanding of how our business works – both the benefits it might offer you and the inevitable limitations of our products.

Part 2: PROMOTION DETAILS contains facts, figures, explanations, annotations, full testimonials, and other resources about the promotional piece you just viewed. If you have questions or want more information about the marketing material you just viewed, the first place to look is Part 2 of this document.

PART 1: DISCLOSURES ABOUT OUR BUSINESS

The first and most important rule of investing is, in our view, the most obvious:

Investing always involves the risk of loss.

Paradoxically, investing is often most risky when it appears safest. This lesson of history led us to adopt a rather unconventional strategy – a contrarian approach to investing. We believe our approach has great merit, based upon our reading of history of our own track record to date. But as you surely have heard before, the past isn’t necessarily a guide to the future. No matter how well we do our job, no matter how much research we conduct, no matter how promising the opportunity, or certain our analyst… you cannot escape the fact that every investment opportunity (and particularly in stocks) comes with the risk of a loss. These risks are part of the reason why great investment ideas are rare and incredibly valuable. You should understand why a business – like ours – would be willing to share investment ideas with you and under what terms. We’ve prepared this document to help you understand exactly why we publish our best investment ideas (instead of simply investing in them or managing a hedge fund or other investment pool). It will give insight into the specific conflict of interest we face as publishers and describe how we collect our track records. It will describe our guarantees and refunds posture. It will explain the regulatory and legal framework that governs how we operate and perhaps most important, it will set the stage for a long and happy business relationship. We’ve been successful in this business for more than 20 years because we’ve always been dedicated to serving our subscribers by only publishing materials, we’d want our own families to read and follow, by always being completely transparent about the utility of our products (track records), and by always considering how we’d want to be treated if the roles were reversed. If you’ll take the time to read this document, we believe you will be far more likely to succeed using our materials. You will know more about our approach to serving investors. You’ll know more about the limits of what we can help you achieve. And most of all, you will know a lot more about the risks you inevitably face as an investor.

The first thing to know about our business (Stansberry Research) is that we are NOT money managers, brokers, or fiduciaries of any kind.

Our published work is NOT a low-price replacement for an experienced money manager, broker, or investment advisor. Instead, Stansberry Research LLC is a publishing company and the indicators, strategies, reports, articles, and all other features of our products are provided for informational and educational purposes only. Under no circumstances should you construe anything that appears in our newsletters, reports, or on our website as personalized investment advice. Our recommendations and analysis are based on Securities and Exchange Commission (SEC) filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. If you are not an experienced investor, we urge you to get as much education as possible and to consult a licensed individual advisor before making investments of any kind. The regulatory regime for investment advisors and money managers makes it difficult (if not impossible) to serve both the general public and individuals. We have chosen to provide our research to the general public for a number of good reasons. For one, we know that Wall Street has enjoyed a dramatic advantage over the average investor for decades. And we want to level the playing field as much as possible. But the most important reason for serving the general public relates to something called the “prudent man” rule. Historically, the best investment opportunities have arisen amid circumstances most investors believed were risky. For example, opportunities to buy large-cap U.S. stocks at attractive prices have occurred almost exclusively during periods of great economic uncertainty. Recently such opportunities arose in 1987, 1994, 1998, 2002, and 2008. We are confident that such opportunities will occur again. Excessive greed and fear are the emotions that drive the public markets. Likewise, individual securities often trade at the most attractive prices when serious problems arise in a given business. We call these company-specific problems “warts.” However, precisely because most investors are repulsed by such securities, investors willing to study them can produce large investment returns. We seek to take advantage of these opportunities for the benefit of our subscribers. As I’ll explain later, our firm does not own any stocks, nor do we allow our investment analysts to own the stocks they recommend for our subscribers. Investment fiduciaries are often forbidden by regulations – most notably the so-called “prudent man” rule – from taking a contrarian approach like ours with many of their investments. These regulations date back to 1830 (though the rules have been significantly revised over the years). The rule boils down to a simple concept: Fiduciaries have an obligation to avoid taking investment risks that are contrary to the public’s opinion. Individual investment managers with fiduciary obligations are legally required “to observe how men of prudence, discretion, and intelligence manage their own affairs.” These rules essentially require registered investment advisors to invest alongside the public. They are forbidden, for example, from shorting stocks. This makes taking a truly contrarian approach nearly impossible because of regulatory and legal liability concerns.

Our company’s primary approach to investing is based in contrarian strategies that may be significantly at odds with conventional wisdom and mainstream approaches to capital management.

That means many of the recommendations and strategies we cover in our publications will seem risky and controversial. It also helps explain why investors and media outlets that follow a more conventional “prudent man” approach frequently criticize our work and even accuse us of malfeasance. We urge you to consider our investment ideas carefully and to follow all our strategies for risk management, especially position sizing and trailing stop losses. But most of all… we urge you to educate yourself about the philosophy that underlies our approach. If you will take the time to understand why we believe our strategies are likely to work, you can acquire the emotional fortitude and the discipline necessary to successfully apply our strategies. If you lack this understanding, you are very unlikely to succeed.

We are NOT responsible for your results – good or bad. We will NOT take credit (in the form of a percentage of your profits) for your success. Nor are we legally liable for any of your losses.

Subscribing to our newsletters will not make us responsible for your investment results. You will bear the full burden of the risks you decide to take. As we will regularly remind you: It’s your money, and it’s your responsibility. Our lack of fiduciary responsibility might cause you to second-guess our work. That’s fine with us. We urge you to be critical and skeptical of all investment recommendations, no matter the source. But the simple fact is, if we were subject to legal liability for any losses resulting from our recommendations, our business would disappear overnight. No investment manager could withstand the risk of investment losses without also reaping the rewards of investment gains. Being free of these fiduciary obligations allows us the freedom to operate and to provide information about investment strategies (contrarian) and investment ideas that others are not able or willing to cover. Therefore, when you use our services remember to always limit your position sizes to an amount you can easily afford to lose. (We’d recommend the same advice when making an investment based on a recommendation from any source.)

A very important warning: We make mistakes.

We are human. We make mistakes. Sometimes our ideas and hunches turn out to be wrong (though not often, we’re pleased to report). More frequently our “timing” is off. That is, an investment theme we expect to develop only does so in a timeframe that makes it difficult to earn a profit. And of course, there are also times when we are misled, despite reasonable efforts to confirm our sources. Based on the large number of customers we have acquired and retained and based on our own internally kept track records (more on these below), we feel confident that on the whole our work is extremely reliable. We doubt you’ll find work by any other publisher that is as detailed and well-sourced. Nevertheless, it is important for you to realize that no published materials anywhere – not even the New York Times - is regularly published without at least occasional mistakes. When we make mistakes, you can count on us to correct them as quickly and honestly as possible. It is very unlikely (though it does happen from time to time) that you will become wealthy from trading stocks, bonds, options, commodities, or other financial instruments. The most realistic way to become wealthy, in our view, is by building your own business or by playing a key role in the creation or the significant growth of an existing one. Our newsletters are intended to serve people who are in the process of wealth building by helping them manage their savings or people who already have significant amounts of savings earn a higher average return.

Why not simply manage money or keep our ideas for ourselves?

Most knowledgeable investors are willing to share their ideas with other investors in exchange for a fee. Sharing ideas doesn’t reduce returns and can generate substantial amounts of income for good investors. Fees for top-quality money managers are high – especially for investors who can pursue contrarian strategies. Hedge funds, for example, typically charge 2% of assets under management and 20% of profits. Fees generated by successful hedge funds can reach into billions of dollars. While we have considered for many years launching such a fund, the regulatory burden, and the cost of raising large amounts of capital, are significant. On the other hand, thanks to the First Amendment, there are relatively few legal burdens to publishing and thanks to the Internet, there are few capital constraints. These low barriers to entry allowed us to achieve a significant amount of success very quickly. We reached 100,000 subscribers within five years of operations. Within about 10 years of operations, we’d reached well over a million total readers and more than 500,000 paid subscribers. Thus, in about 10 years, we grew from a start-up (Porter Stansberry wrote our first sales letter on a borrowed laptop computer from his kitchen table) to the world’s leading subscription-based financial publisher (according to various databases of subscriber figures). We know of no other business in our industry that has ever achieved growth equal to even a fraction of these numbers so quickly. We don’t believe such rapid success would have been possible if we’d attempted to build a money-management business. You should know that we attribute our success to three simple factors: our contrarian approach (we cover valuable opportunities others won’t or can’t), the number of very highly skilled analysts we were able to recruit and retain (primarily by offering a work environment that promised lucrative rewards for success with almost no conflicts of interest), and the integrity with which we have always approached our endeavors. Or as our founder likes to say in jest, “All it takes is a decade of hard work to become an overnight success.” Our path to success was set in motion by a simple choice: We decided to publish our investment ideas to millions of people around the world at a relatively low price rather than sharing our ideas exclusively with a very small group of wealthy investors at a high price. In the long term, for this approach to be successful, we must continue to provide large numbers of subscribers with unique, contrarian investment advice that is reliable and profitable.

We have structured our business to avoid conflicts of interest, but a significant potential conflict of interest still exists.

We believe everyone involved in finance has some conflict of interest. Hedge-fund managers, for example, have a tremendous incentive to produce short-term capital gains so that they can generate fee income (20% of gains). This might lead them to take short-term risks at the expense of safer and more lucrative long-term gains. This conflict will exist even if the manager keeps all or most of his wealth inside the fund. It also helps explain why successful hedge-fund managers often end up earning far more from running the fund than their clients make investing in it. We generate our profits exclusively from the subscriptions we sell. This is deliberate. We do not want our subscribers to wonder whether we were recommending a company or an investment because the company or investment sponsor advertised with us. This has been one of the ways that we have steered clear of potential conflicts of interest but it’s not the only one.

We don’t accept compensation (or favors) from the companies we recommend as investments.

As you may know, many newsletter companies do not adhere to the same guidelines that we do. Some accept compensation from the companies whose stock they recommend and cover. We could argue that our policies described above leave us completely free of any conflict of interest. Other financial publishers will surely make such a claim. But it’s not completely true. We have made efforts to structure our business so that we don’t have any conflicts of interest. But despite our efforts, we do have a conflict. It’s a conflict that’s systemic throughout the investment community and complex to explain… so bear with me. The investing public has the unfailing tendency to rush into the worst possible investments at the worst possible time. We call this the “paradox” of finance. People can figure out when it’s a good time to buy groceries – when they’re on sale. But when it comes to securities, people tend to ignore them when they’re cheap and stampede into them when they’re expensive. For example… you’ll remember that in 1999 and 2000 investors all rushed into tech stocks… at the wrong time. Then, they rushed into the housing market… at the wrong time. We believe this irrational behavior is linked to many people’s emotional need to conform. It’s the same psychology, essentially, that powers the fashion business. We can’t say what investment passion will strike the crowd next, but we know, when it occurs, it would prove lucrative for us to publish information confirming the crowd’s passions… even when it involves making bad or dangerous recommendations. That is, during bubble periods, we have a financial incentive to help inflate the bubble because that’s the kind of information the public will demand in those periods. This conflict – the temptation to sell the public the information it wants even if it’s not in their interests – isn’t unique to financial publishers. All forms of media face this conflict. That’s why, at market tops, you will commonly find magazine covers and other types of mainstream media embracing the bubble. We attempt to balance this conflict by focusing on proven contrarian approaches to investing. We further advocate strict risk-management strategies that have so far largely prevented us from being caught up in investment manias. You should also know that the structure of our company and the factors that drive our profits help minimize the financial temptation to “go with the crowd” in the short term. Essentially all our profits are derived from renewal sales or additional sales to existing customers. We typically market to new customers at a loss. This allows us to reach more potential subscribers and, over time, to build a bigger business. It also means that unless our subscribers choose to renew in large numbers, we are unlikely to succeed at our business. This helps to align our interests with the long-term success of our subscribers. We believe we are unique in this long-term strategy among all financial publishers. Just to be clear, though, no financial business is totally immune to all conflicts of interest – just as no investment is totally free of risk. No matter how dedicated our executives are to the success and wellbeing of our subscribers, at least some of our employees will be motivated by a need to sell, to motivate, to persuade, and to captivate our subscribers to produce revenue for our business. It is difficult to sell anything without embracing, at least somewhat, the mood of the public. Thus, we urge all subscribers to reference our most recent newsletters and to consult with an individual advisor before making any investments. Likewise, we would urge you not to rely – at all – on any of our marketing pieces or sales letters when making your investment decisions. These publications are designed to sell our research products and thus, by design, lack the more fully balanced analysis of the risks and rewards of any particular investment idea that you will find in our newsletters.

We offer one of the most generous refund policies in our industry… and perhaps in the world.

More so than any other business we can name, we believe in “parting as friends.” If we cannot meet your expectations, you should always take the opportunity to call us on the phone, tell us how we’ve failed you, and get your money back. That is why, since the first day of our operations, we have always maintained in-house customer service, hiring bright, and dedicated young people and employing them in our headquarter buildings. They work in the same building as our senior executives and our owners. Whatever the purpose of your call, it will be answered promptly and handled professionally. Our wait times are normally less than one minute. And our average call duration is less than five minutes. We are open for business (on the phone for customer service) from Monday through Friday, 9 a.m. through 5 p.m. Eastern time. Our phone number is: 1-888-261-2693.

Some cynical readers have suggested that we offer such generous refunds because we don’t really believe in (or stand behind) our work. Nothing could be further from the truth. Our guarantees reflect the complete confidence we have in our products. Our goal is to never publish anything our founder wouldn’t want his own parents to read and to follow. Our basic philosophy is that we must earn your business, which is why we offer you the chance to ask for your money back. This “we haven’t earned it yet” attitude encourages us to continue to do great work for you. But that’s not all we promise. To encourage subscribers to try our products, we further provide complete refunds on virtually all our entry-level products for periods of up to 30 days (our offers vary). We only pay sales commissions on a post-refund basis. Thus, our employees have no financial incentive to mislead anyone. Furthermore, our potential customers are encouraged to try our products with zero financial risk. If we can’t deliver on our promises, they’re entitled to all their money back on virtually every entry-level product we offer. You can “get to know us” without taking a single penny of risk. In most cases, our investing and trading services also come with a 30-day guarantee as well. We want you to be completely satisfied with your decision. If you’re not, our Baltimore-based customer service team will promptly refund the full amount of your purchase if you call within 30 days. Subscribers may also request a sample issue (containing out-of-date information from a previously published newsletter) from our customer service team to evaluate for themselves, at any time, the value of these products. The policies – offering plenty of no-risk-whatsoever opportunities in conjunction with asking customers to make a small commitment on certain products – provides a reasonable balance between the rights we have as a content provider with valuable information and those of our customers to avoid making a purchase that’s doesn’t match their investing styles or interests. From time to time, we will make offers that don’t include the option to receive a refund. A skeptical reader might suggest that we are trying to trick people into subscribing to a service that isn’t right for them so we can make more money. But the exact opposite is true. We want to limit the sales of that particular offer to only the most serious readers. We want to make sure that the subscribers to these offers intend to subscribe and stick with that particular newsletter. In the past we’ve had people subscribe just to read about the situation we were describing in the marketing offer. They would download all the information and then call us for a refund. That is unfair to the other subscribers and to us as publishers. Those aren’t the kind of subscribers we are looking for. We want subscribers that understand the value of our work and are committing to being a long-term customer of our business. So, we use the “no refund” offer exclusively for situations where we want to limit the sales to subscribers who are serious about buying the information and remaining subscribers. If a customer buys one of these offers and finds out that they can’t act on the advice our Customer Service team will find a way to apply the money from that purchase to another newsletter via our credit system. We cannot imagine a reasonable person being disappointed in our willingness to provide a refund, a subscription extension, or a credit. Our policy – of always being willing to “part as friends” – has kept our business on the right side of nearly every potential conflict. No matter which one of our products you purchase the terms of the offer are always clearly described on the order form. We strive to make sure every customer understands exactly what they are buying, how much it costs and what their options are if they choose not to keep their subscription. While we know it is impossible to avoid every potential misunderstanding and to make everyone happy all the time, we’re proud of our ability to consistently please so many of our customers. We have among the industry’s highest renewal rates and, as far as we know, the largest base of lifetime customers. Our company’s most important asset is our reputation for trustworthiness, and maintaining that reputation is our highest goal.

Why our business model is almost exclusively based on subscriptions.

You may have noticed that a vast majority of our products are only offered via subscription. To protect free speech and to encourage public debate and the exchange of ideas, the SEC has carved out what’s known as the “publisher’s exemption” from certain securities laws. This exemption doesn’t mean that we can write whatever we want. It means that we aren’t required to be registered with the SEC. And it means that we can write about things registered advisors would find difficult to get through their compliance departments – such as extremely contrarian advice. To qualify for this exemption from securities licensing (and avoid the “prudent man” restrictions we mentioned earlier), we must be a “bona fide” publisher, which under law is defined as a publisher who offers commentary to the public on a regular schedule via subscription. The SEC frowns on “tip sheets” that sell one-off reports. These policies help create accountability for publishers. If we do not live up to our promises and the expectations we set, our clients have the right to demand a refund. And that’s why we’ve always had such a liberal and generous refund policy. We have no problem proving our value to subscribers. It’s exactly how we’d want to be treated if our roles were reversed.

Newsletter track records: Why they’re not like mutual funds.

The mutual-fund industry has become, like the wine trade, addicted to extremely simplistic, almost ritualistic, evaluations of quality. A wine is a 96. That’s great. A fund is five-star. That’s great. What’s your newsletter’s rank? The problem is, unlike a mutual fund, newsletter track records have no precise starting point or ending point. The size (number of positions) grows over time, as the letter adds recommendations. Thus, a newsletter can’t really be compared – directly – to either a mutual fund or a stock index. The closest comparison we can manage for newsletters is to give you the average annual return of each recommendation made and the average holding period. This gives you the annualized return – which approximates what you might have earned following the advice of a newsletter. It’s far from precise. It doesn’t account for taxes (if you’re investing in a taxable account) or “slippage” – which is the price you paid when you bought versus the recommended price and the price you got when you sold versus the recommended sell price. We can only track prices that are available in the market at the time we publish. Occasionally, someone will complain that our track records aren’t reliable because they don’t reflect actual investment returns. It’s important for you to realize that your results might be better or worse than the results we represent. We simply have no way to know what your entry price was, what your exit price was, or what taxes you’ve paid (or will eventually pay). We strive to make our track records accurate. They may, or they may not, be representative of your actual results. Now… here’s the problem with track records and the reliance some investors place on them. There’s not a single mutual fund in the world whose long-term track record is great (10 years with double-digit annual returns) that doesn’t also have periods of terrible investment performance. Likewise in the newsletter business, we have some analysts and some strategies that excel during bull markets. Some that excel during bear markets. And some that can produce very consistent (but not world-beating) results. We had an editor, for example, close out 136 winning positions in a row, where the average return on each position was roughly 10%. Of course, he held those positions open for two to three months. So, his annualized return over that period was 52%. Nearly all our products are based on a fundamental approach to securities analysis. A few products offer advice based on the market’s technical outlook. We’ve developed a preference for fundamental factors (like the underlying quality of the business and a rational evaluation of the stock’s intrinsic value versus its market price) because we’ve found these qualitative measures to be the most reliable. The most important thing that you need to understand is that no single investment strategy (or investment analyst) can provide consistently market-beating advice at all times, and in all markets. Our analysts use a variety of contrarian-based strategies. Our efforts are designed to allow you to use the right tools in the right market conditions. All our publications maintain a track record. Virtually all of them post their open positions on our website and almost all of them are also printed with each issue. All previous publications are available on our website. You can see for yourself how each analyst has done with every recommendation he or she has ever made. You can see how each of our products has performed in the past, during various market conditions. All these things we do to inform our readers about the products that they’ve purchased and represent our efforts to be transparent. Please understand: The best thing an investment research product can bring you is a good idea that’s right for the market conditions and offers an overwhelming potential for success versus a moderate level of risk. No investment newsletter is likely to make you rich overnight, although we’ve seen huge profits in volatile industries, like mining and biotechnology. Most of your success as an investor will be determined by how much capital you choose to invest, how much time you have to invest, and your asset allocation, that is, how much of your capital you have in stocks versus bonds and cash. If you want to be successful as an investor, our best advice is to become an expert at avoiding risk. Simply putting your money into high-quality stocks and bonds is very likely your best bet.

Another way we try to avoid conflicts: Our analysts do not buy the stocks they recommend to you.

Our company policy forbids our investment analysts and their staff from owning any stock they recommend. In addition, other employees of Stansberry Research may not purchase recommended securities until 24 hours after the recommendations have been distributed to our subscribers on the Internet. Some subscribers profess to be disappointed that our analysts don’t “eat their own cooking” or have any “skin in the game” since they aren’t allowed to own even a token amount of the stocks they’ve recommended. That opinion is naïve. Nothing is more important to the long-term success of an analyst in our industry than a reputation for producing excellent results for their subscribers. An analyst’s standing in our company and our industry is measured by his or her ability to produce a winning track record using a given strategy. This is real skin in the game – far more skin than simply investing a few thousand dollars in a particular stock. This position also allows our analysts to be genuinely independent. That guarantees us that the only reason they have to recommend a stock, to re-recommend a stock, or to recommend selling a stock is that they fully and sincerely believe that’s the best course of action. Without this independence the possibilities of a conflict of interest are infinite.

PART 2: PROMOTION DETAILS

This was a promotion for Dr. David Eifrig’s Retirement Trader. Dr. Eifrig’s average annualized capital gain since inception is 12.2%. This figure measures the average results on all closed recommendations, scaled to a one-year period. The following contains facts, figures, explanations, annotations, full testimonials, and other resources about the promotional piece you just viewed.

In short, these are the resources used to put together the previous promotion. As you have seen, we publish testimonials in our promotions. All testimonials are the words of real subscribers that we received in real letters, emails, and other feedback. If a subscriber sends a testimonial we’d like to use in a promotion, a member of our Customer Service team calls them to verify their claims. We do not make these results up, and we do not pay or compensate subscribers for their testimonials.

When we receive testimonials from a subscriber, we veil their last name and any identifying details to protect their privacy and identity. During the verification process we’ll often ask for particulars about the subscriber's results, including:

How much money he or she invested
How long he or she was in the trade
How much the subscriber made in dollars terms and as a percentage of the original investment
What portion of his or her overall portfolio was put into the trade

We ask these questions because we want a clearer picture of the results that the subscriber attained so that we can pass that information on to you.

While we ask these questions, we are aware that this financial information is personal and sensitive. Some subscribers do not feel comfortable sharing this information with us, especially knowing that we may publish it. You should keep these questions in mind when assessing whether to purchase our products and whether you could obtain similar results.

If the subscriber does not give us this information, then we cannot publish it. We publish this information to let you know that these results are possible and have been achieved by real people after reading our research. However, you should also understand that we are advertising these testimonials because they are atypical. These results are examples of the very best possible outcomes.

Past results like these are no guarantee of any future result.

We wouldn't recommend anticipating such outstanding results with your own investments. Yes, you could have results like these – or perhaps even better. But it's simply not prudent to assume you will immediately make large investment returns. Instead, we urge you to read our work carefully, to follow our risk management strategies conscientiously, and to invest cautiously while setting expectations that are based around our long-term performance averages.

The details listed below are listed in the order they appear in the accompanying promotion.

If you have any questions or want more information about the marketing material you just viewed, here's where you should start. Remember, you can also call our Customer Service team at our Baltimore Headquarters, from Monday through Friday, 9 a.m. through 5 p.m. Eastern time. Our toll–free phone number is: 1–888–261–2693.

PROMOTION DETAILS

“News: Unemployment Is at Its Lowest Level in 54 Years.” U.S. Department of Commerce, 3 Feb. 2023, www.commerce.gov/news/blog/2023/02/news-unemployment-its-lowest-level-54-years.

“Retirement Balances Are at Their Highest in Nearly Two Years, with 20% Jump in 401(k) Millionaires.” MarketWatch, www.marketwatch.com/story/retirement-balances-are-at-their-highest-in-nearly-two-years-with-20-jump-in-401-k-millionaires-92b2fcbf. Accessed 15 Apr. 2024.

“Stock Market Today: S&P 500 Hits Fresh Record, Dow Jumps over 475 Points.” Yahoo! Finance, Yahoo!, https://finance.yahoo.com/news/live/stock-market-today-sp-500-hits-fresh-record-dow-jumps-over-475-points-200500649.html. Accessed 15 Apr. 2024.

“Prices Ticked Higher in February, but There’s Good News at the Grocery Store | CNN Business.” CNN, www.cnn.com/2024/03/12/economy/cpi-consumer-inflation-february/index.html. Accessed 15 Apr. 2024.

Bendig, Erin. “Mortgage Rates and Payments Keep Rising, Creating Market Misery.” Kiplinger.Com, Kiplinger, 26 July 2023, www.kiplinger.com/real-estate/mortgage-rates-and-payments-keep-rising.

“Layoffs in 2024: A List of Companies Cutting Jobs This Year.” Wall Street Journal, www.wsj.com/business/layoffs-2024-companies-tracker-list-6acb4e95. Accessed 15 Apr. 2024.

“Why Americans Are so down on a Strong Economy - ...” Wall Street Journal, www.wsj.com/economy/economy-inflation-consumer-spending-unemployment-e6856381. Accessed 15 Apr. 2024.

Karma, Rogé. “What Would It Take to Convince Americans That the Economy Is Fine?” The Atlantic, Atlantic Media Company, 15 Feb. 2024, www.theatlantic.com/magazine/archive/2024/04/consumer-sentiment-economy-inflation/677440/.

“Americans’ Feelings about the Economy Are Getting Worse.” Axios, www.axios.com/2023/09/27/american-economy-gas-prices-consumer-sentiment. Accessed 15 Apr. 2024.

“How America Lost Its Optimism.” Newsweek, 2 Feb. 2023, www.newsweek.com/america-optimism-future-poll-pandemic-ukraine-culture-wars-1778469.

Cramer, Katherine J. “Many Americans Believe the Economy Is Rigged.” The New York Times, The New York Times, 21 Feb. 2024, www.nytimes.com/2024/02/21/opinion/economy-research-greed-profit.html.

“Americans’ Dismal Views of the Nation’s Politics.” Pew Research Center - U.S. Politics & Policy, Pew Research Center, 19 Sept. 2023, www.pewresearch.org/politics/2023/09/19/americans-dismal-views-of-the-nations-politics/.

Harris, Alex, and Nina Trentmann. “Money-Market Fund Assets Exceed $6 Trillion as Fed Delays Rate Cuts.” Bloomberg.Com, Bloomberg, 19 Feb. 2024, www.bloomberg.com/news/articles/2024-02-19/a-6-trillion-wall-of-cash-is-holding-firm-as-fed-delays-cuts?sref=BShbHOFB&embedded-checkout=true&leadSource=reddit_wall.

“Stock Market Crash of 1987.” Federal Reserve History, www.federalreservehistory.org/essays/stock-market-crash-of-1987. Accessed 15 Apr. 2024.

“Black Monday (1987).” Wikipedia, Wikimedia Foundation, 29 Feb. 2024, https://en.wikipedia.org/wiki/Black_Monday_(1987).

“The Top 10 Greatest Stock Market Trades Ever - Finance Monthly: Personal Finance. Money. Investing.” Finance Monthly | Personal Finance. Money. Investing, Finance Monthly, 22 Jan. 2024, www.finance-monthly.com/2017/10/the-top-10-greatest-stock-market-trades-ever/2/.

“Black Monday (1987).” Wikipedia, Wikimedia Foundation, 29 Feb. 2024, https://en.wikipedia.org/wiki/Black_Monday_%281987%29#/media/File:Black_Monday_Dow_Jones.svg,.

“2007ar.PDF.” Berkshire Hathaway, www.berkshirehathaway.com/2007ar/2007ar.pdf. Accessed 15 Apr. 2024.

“Nassim Taleb – a Genius Mathematician and Trader.” FBS, 26 May 2023, https://fbs.com/blog/nassim-taleb-a-genius-mathematician-and-trader-69#:~:text=The%20basic%20position%20he%20likes,or%20something%20big%20will%20happen.

Levine, Matt. “Bill Ackman Found a Cheap Way to Buy More Valeant Stock.” Bloomberg.Com, Bloomberg, 24 Nov. 2015, www.bloomberg.com/opinion/articles/2015-11-24/bill-ackman-found-a-cheap-way-to-buy-more-valeant-stock.

Guberti, Marc. “How Warren Buffett Made $7.5 Million in under 5 Minutes.” Medium, DataDrivenInvestor, 8 Sept. 2020, https://medium.datadriveninvestor.com/how-warren-buffett-made-7-5-million-in-under-5-minutes-79363ac2d52b.

“Inflation Calculator: Find US Dollar’s Value from 1913-2024.” US Inflation Calculator | Easily Calculate How the Buying Power of the U.S. Dollar Has Changed from 1913 to 2023. Get Inflation Rates and U.S. Inflation News., 10 Apr. 2024, www.usinflationcalculator.com/.

“World-Class Financial Research.” Stansberry Research, https://stansberryresearch.com/our-team/dr-david-eifrig. Accessed 15 Apr. 2024.

“Roche Acquires Mirus Bio Corporation for $125 Million.” Fierce Biotech, 22 July 2008, www.fiercebiotech.com/biotech/roche-acquires-mirus-bio-corporation-for-125-million.

“Goodbye 2022 – and Good Riddance. Markets Close out Their Worst Year since 2008 | CNN Business.” CNN, Cable News Network, 30 Dec. 2022, www.cnn.com/2022/12/30/investing/dow-stock-market-2022/index.html.

Duggan, Wayne. “A History of U.S. Bear Markets, 1957 to 2022.” Forbes, Forbes Magazine, 26 Mar. 2024, www.forbes.com/advisor/investing/bear-market-history/#:~:text=%E2%80%9CWithout%20a%20recession%2C%20the%20average,its%20high%20point%20was%2025%25.

Thomas, David. “2023 Review - Magnificent Seven Lead Domestic Large Cap Outperformance.” Forbes, Forbes Magazine, 24 Jan. 2024, www.forbes.com/sites/greatspeculations/2024/01/22/2023-in-review/?sh=7ab2f157690b.

“2020 Presidential Election a Source of Significant Stress for More Americans than 2016 Presidential Race.” American Psychological Association, American Psychological Association, www.apa.org/news/press/releases/2020/10/election-stress. Accessed 15 Apr. 2024.

Strohm, Mitch. “Best Money Market Accounts April 2024: Up to 5.48%.” Forbes, Forbes Magazine, 15 Apr. 2024, www.forbes.com/advisor/banking/money-market-account/average-money-market-rates/.

“The Value of Staying Invested.” Northwestern Mutual, www.northwesternmutual.com/life-and-money/the-value-of-staying-invested/. Accessed 15 Apr. 2024.

“Yahoo News/YouGov Poll: ‘dread’ Tops List of Americans’ Feelings about 2024 Election - but ‘Optimism’ Is Growing.” Yahoo! News, Yahoo!, www.yahoo.com/news/yahoo-newsyougov-poll-dread-tops-list-of-americans-feelings-about-2024-election--but-optimism-is-growing-202816812.html. Accessed 15 Apr. 2024.

“Americans Think Democracy Is in Peril in the 2024 Election.” ABC News, ABC News Network, https://abcnews.go.com/538/americans-democracy-peril-2024-election/story?id=106803471. Accessed 15 Apr. 2024.

O’Neill, Jesse. “Why Younger Americans Are Stockpiling Supplies Ahead of 2024 Election: ‘Society Unraveling.’” New York Post, New York Post, 4 Dec. 2023, https://nypost.com/2023/12/04/news/why-younger-americans-are-stockpiling-supplies-ahead-of-2024-election/.

Swenson, Ali, and Michael Kunzelman. “Fears of Political Violence Are Growing as the 2024 Campaign Heats up and Conspiracy Theories Evolve.” AP News, AP News, 18 Nov. 2023, https://apnews.com/article/depape-paul-pelosi-qanon-conspiracy-theories-violence-390ad310fa34b0edb925d88540a7ddcd.

“Why Is Vix a Fear Gauge?” NYU, https://engineering.nyu.edu/sites/default/files/2019-03/Carr-why-is-vix-a-fear-gauge.pdf. Accessed 15 Apr. 2024.

“Wall Street’s Fear Gauge Closes at Highest Level Ever, Surpassing Even Financial Crisis Peak.” CNBC, CNBC, 16 Mar. 2020, www.cnbc.com/2020/03/16/wall-streets-fear-gauge-hits-highest-level-ever.html.

“How to Hit Profitable Singles.” Barron’s, www.barrons.com/articles/SB50001424052748704444604577207152560395204.

Reiff, Nathan. “10 Biggest Oil Companies.” Investopedia, Investopedia, www.investopedia.com/articles/personal-finance/010715/worlds-top-10-oil-companies.asp. Accessed 15 Apr. 2024.

“Biden and Trump Lay out Starkly Different Visions on Climate Change in Final Presidential Debate - The Washington Post.” Washington Post, www.washingtonpost.com/politics/2020/10/22/climate-change-biden-trump-debate/. Accessed 15 Apr. 2024.

“Biden Calls for ‘transition’ from Oil, GOP Sees Opening.” AP News, AP News, 30 Apr. 2021, https://apnews.com/article/election-2020-joe-biden-donald-trump-technology-climate-26908b855045d5ce7342fd01be8bcc10.

Mullaney, Tim. “How Biden’s $1.7 Trillion Climate Plan Would Change America after Trump’s Big Oil Presidency.” CNBC, CNBC, 1 Oct. 2020, www.cnbc.com/2020/10/01/bidens-1point7-trillion-climate-plan-would-be-blow-to-big-oil-.html.

“U.S. Energy Information Administration - EIA - Independent Statistics and Analysis.” Gasoline Price Fluctuations - U.S. Energy Information Administration (EIA), www.eia.gov/energyexplained/gasoline/price-fluctuations.php. Accessed 15 Apr. 2024.

ADDITIONAL SOURCES

Routledge, Clay, and Andrew Abeyta. “America’s Hopelessness Crisis May Have Less to Do with the Economy and More to Do with Gen Z’s Mental Health, New Survey Shows.” Fortune, Fortune, 4 Mar. 2024, https://fortune.com/2024/03/04/america-hopelessness-crisis-economy-gen-z-mental-health-survey/.

STOCK QUOTES

“A. O. Smith Corporation (AOS) Stock Price, News, Quote & History - Yahoo Finance.” Yahoo! Finance, https://finance.yahoo.com/quote/AOS?p=AOS&amp=&.tsrc=fin-srch. Accessed 15 Apr. 2024.

“AbbVie Inc. (ABBV) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/ABBV?.tsrc=fin-srch.

“Alphabet Inc. (GOOGL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/GOOGL?.tsrc=fin-srch.

“Amazon.Com, Inc. (AMZN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 12 Apr. 2024, https://finance.yahoo.com/quote/AMZN?.tsrc=fin-srch.

“American Express Company (AXP) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/AXP?.tsrc=fin-srch.

“Apple Inc. (AAPL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 13 Apr. 2024, https://finance.yahoo.com/quote/AAPL?.tsrc=fin-srch.

“Berkshire Hathaway Inc. (BRK-B) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 13 Apr. 2024, https://finance.yahoo.com/quote/BRK-B?.tsrc=fin-srch.

“Bristol-Myers Squibb Company (BMY) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/BMY?.tsrc=fin-srch.

“Cboe Volatility Index (^VIX) Charts, Data & News.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/%5EVIX.

“Chevron Corporation (CVX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/CVX?.tsrc=fin-srch.

“The Clorox Company (CLX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/CLX?.tsrc=fin-srch.

“The Coca-Cola Company (KO) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/KO?.tsrc=fin-srch.

“CVS Health Corporation (CVS) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/CVS?.tsrc=fin-srch.

“Financial Select Sector Spdr Fund (XLF) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/XLF?.tsrc=fin-srch.

“Gilead Sciences, Inc. (GILD) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/GILD?.tsrc=fin-srch.

“The Home Depot, Inc. (HD) Stock Price, News, Quote & History - Yahoo Finance.” Yahoo! Finance, https://finance.yahoo.com/quote/HD?.tsrc=fin-srch. Accessed 15 Apr. 2024.

“Huntington Ingalls Industries, Inc. (HII) Stock Price, News, Quote & History - Yahoo Finance.” Yahoo! Finance, https://finance.yahoo.com/quote/HII?p=HII&amp=&.tsrc=fin-srch. Accessed 15 Apr. 2024.

“JPMorgan Chase & Co. (JPM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 12 Apr. 2024, https://finance.yahoo.com/quote/JPM?.tsrc=fin-srch.

“Kimberly-Clark Corporation (KMB) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/KMB?.tsrc=fin-srch.

“Laboratory Corporation of America Holdings (LH) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 12 Apr. 2024, https://finance.yahoo.com/quote/LH?.tsrc=fin-srch.

“Lowe’s Companies, Inc. (Low) Stock Price, News, Quote & History - Yahoo Finance.” Yahoo! Finance, https://finance.yahoo.com/quote/LOW?p=LOW&amp=&.tsrc=fin-srch. Accessed 15 Apr. 2024.

“Meta Platforms, Inc. (Meta) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/META?.tsrc=fin-srch.

“Microsoft Corporation (MSFT) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/MSFT?.tsrc=fin-srch.

“Mohawk Industries, Inc. (MHK) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/MHK?.tsrc=fin-srch.

“Nike, Inc. (NKE) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/NKE?.tsrc=fin-srch.

“Nvidia Corporation (NVDA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/NVDA?.tsrc=fin-srch.

“Parkland Corporation (PKI.TO) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://ca.finance.yahoo.com/quote/PKI.TO?p=PKI.TO&amp=&.tsrc=fin-srch.

“PerkinElmer Inc (PKN.SG).” Yahoo! Finance, https://finance.yahoo.com/quote/PKN.SG?.tsrc=fin-srch.

“Phillips 66 (PSX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/PSX?.tsrc=fin-srch.

“Rayonier Inc. (RYN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/RYN?.tsrc=fin-srch.

“SPDR S&P Biotech ETF (XBI) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/XBI?.tsrc=fin-srch.

“Target Corporation (TGT) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/TGT?.tsrc=fin-srch.

“Tesla, Inc. (TSLA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/TSLA?.tsrc=fin-srch.

“The Toro Company (TTC) Stock Price, News, Quote & History - Yahoo Finance.” Yahoo! Finance, https://finance.yahoo.com/quote/TTC/. Accessed 15 Apr. 2024.

“United Parcel Service, Inc. (UPS) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/UPS/.

“Walmart Inc. (WMT) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/WMT?.tsrc=fin-srch.

“The Walt Disney Company (DIS) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 14 Apr. 2024, https://finance.yahoo.com/quote/DIS?.tsrc=fin-srch.

“Waste Management, Inc. (WM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 15 Apr. 2024, https://finance.yahoo.com/quote/WM?.tsrc=fin-srch.

TESTIMONIALS

Greg R.

“Although I had been a subscriber for a while prior to 2020 I had only dabbled sporadically with options. Most of my investment capital was tied up in long term holdings that were doing quite well. Then came the COVID crash. When the dust had settled, after hitting my stops in several positions, I found myself for the first time with a large pool of cash that gave me the ability to aggressively implement your strategy. I sold my first put in April and never looked back. Over the last nine months of 2020 I made a little over $20,000. So far this year I am averaging $4,000 a month. To a retired HS teacher and coach that's big money. Put selling is exactly what you say it is. A great low risk way to generate extra income in retirement. I feel like I have a tool in my financial toolbox now that will work in any market. I can't thank you enough for empowering by teaching me your strategy.”

Richard P.

“In response to your request for feedback on RT, in 2023 based on what I have learned from your options training and recommendations I made an extra $93,000!! Thanks for all you do!”

Steve G.

“Jeff, thank you for the kind note. As usual, after thinking about it I didn’t include a point about using my IRA for Retirement Trader, which I do sometimes as it’s low risk with high reward.

You have thousands of subscribers and I’m just one guy, so I don’t expect to be bothering you much in the future. On what I hope is not too personal a note, I trust you and the Retirement Trader team are energized by the fact that you are making people’s lives better. While your job includes a ton of financial analysis and research, the end result is one of lighting the way for people to achieve high-priority life goals. Although you are measured by things like win percentage and comparison to benchmarks, the empowerment you deliver – along with the very tangible returns your advice produces – make a big positive difference in my own experience and outlook. For many years, I’ve begun every day by writing out my life’s vision for the coming year. This is part of my one-pager, and I write it every day (before the markets open!): I feel overjoyed because I have developed passive income streams that succeed in any economy, and which surpass my other income, thus enabling us to enjoy the lifestyle we want while our assets continue to grow. I feel very successful as I generate thousands of dollars every month with covered calls and options trading, and my crypto and other investment gains are producing great possibilities for us, including:

*Paying off our loans

*Accumulating gold and silver

*Enjoying more travel experiences

*Funding new projects for our property

*Setting aside for our children and grandchildren

Before Retirement Trader and Stansberry services, I was adrift in investing with no clear path to “health, wealth, and a great retirement.” Today that’s all changed. Thank you and the Retirement Trader team for the hard work and (I bet) long hours you put in. Believe me, your impact on readers’ quality of life is greater than you can imagine.”

Jeffrey H.

“When the market was crashing, my family were all surprised that I was not panicking...”

Paul J.

“How did my research help you so far this year?

I have been a Stansberry member for many years following several of the advisors information. This year I took a more focused approach starting in April 22, I am mainly following your Retirement trader advise and am happy to say I am ahead of the game this year based on your information and guidance.

Do you feel you had ample warning this bear market was coming?

Yes, most definitely

Have you been able to protect your assets, and do you feel they are protected at this time?

Yes & Yes.

Have you been able to rest easier at night following my advice?

Yes, I am sleeping well in these crazy market times.

Have I helped you avoid any big losses?

Yes and while showing me how to make gains along the way.

Have you sustained any wins during the last year?

Since May of this year focusing on your recommendation I have recorded consistent wins!

I also have a personal stock I have been trading with puts / calls which my father in law recommended to me. [redacted] which also focusses on other conditions as well. I am trading puts @ $10 and Calls at @ $13 consistently month after month wins. This is speculative but I keep it in that perspective with position sizing. Your feedback would be appreciated.”

Lloyd V.

“It would take me a long time to compile my results from last year for Retirement Trader. However, I can confirm that every one of these trades in 2023 was profitable. I usually trade 2 or 3 contracts, and I do not always make the trade you recommend. However, I estimate that I cleared somewhere between $10,000 and $15,000 in 2023 from RT trades. I’m increasing the size of my transactions this year, since I have a lot of confidence in your recommendations. Thanks for the great work that you do.”

Patrick D.

“I have been trading using the Retirement Trader plan for several years now. Although I am pretty conservative with my trades, I am averaging $2600 income in my IRA account monthly. It is a great supplement for my retirement income. I trade some but not all of the recommended securities from each Retirement Trader publication. The best part is that I have learned the basics and am comfortable searching out many of my own trades throughout the year and am pretty successful on those trades as well. Thank you for the education. This has become my part time job in retirement. I can work as many or as few hours as I desire.”

JMS

“It is my pleasure to share with you the success I’ve had with your options recommendations – but more so with all of the education you have published about how to sell options. I’ve been around since The Pirate Investor days, so I know from the very beginning that your options technique made a huge impact on my trading strategy! It was like TURNING ON THE LIGHT so I could see clearly the pass to investment success for the rest of my life. I retired a couple years ago at age 56 and have made managing my portfolio a part-time job/hobby. That’s when I really got serious and wrote a spreadsheet to help me calculate and track trades starting in June 2022. My numbers are from this period alone. I’ve also excluded spreads, DITM, all long positions, and the occasional naked trades because those are not what you focus on in RT. The greatest compliment I can offer to you is that I always read what you publish, but I trade 90% of my own ideas, based on the knowledge I’ve gained through your publications. These results reflect far more trades than your recommendations alone, and are not all strictly “trading for income.” EVERYTIME you make a new recommendation, I look closely at your numbers and the market to understand your rationale. That’s the nature of understanding what you are trying to teach us. I try to follow that line of thinking on most trades.

Since June 2022 -

EXPIRED, and CLOSED options (including those ROLLED):

390 trades

1.3% avg return

30.3 avg days/trade

ASSIGNED Call options:

60 trades

7.3% avg cap gains on stock

40 avg days in option trade prior to assignment

322 avg days stock held prior to being called away

*I am only using this on about a third of my total investment portfolio, and I do not take advantage of margin in these accounts.

To answer your specific requests, I have seen $6360 of additional monthly income over the previous 18 months. All my earnings have stayed in the IRA/Roths to date, as I’m too young to withdraw from them. I believe these to be fantastic returns and they will continue to provide income for a lifetime. Most importantly for me is that I love this activity as a hobby and look forward to it every day! Thanks again, Doc, for the best lesson(s) of my entire life. Because of options selling, I will never need to start another career or push carts around at a big box store to supplement my income.”

Gilbert O.

“Why don’t you or Porter run for President I am most grateful to you both to help the senior citizens At 81 yrs of age options is my hobby n I make average $3000.00 a month which doubles my pension I love your medical n health tips in between the solid food of financial advise I was totally ignorant of that world now I love to read your in depth analysis of a certain company Too bad people like you don’t run the country I feel confident with my dozen of puts every month When I am assigned n the loss is small I sell immediately n go for another bet on a better put option My friends wonder what I keep myself busy with I try to teach them but they are scared of the collateral needed May the good lord keep you healthy n wealthy for many years to come”

Terry O.

“My most recent Retirement Trader trades have been on [redacted] and [redacted]. Both are still open. I can't say exactly how much I've made from RT since I began my subscription in 2016. I track all of my options trades on a spreadsheet since I started with RT in 2016. This includes recommendations from Stansberry sister publications Ten Stock Trader, The Big Trade, DWT and of course your own Advanced Options. I also do many of my own based on what I read in other publications and my own research. Net of fees my spreadsheet indicates that I've made over $50,000 since I learned option trading through your training videos in 2016. I can't think of anything specific that I've done with the gains. I think the biggest value is the "insurance" it's provided for the rest of my portfolio over that period.”

Jay W.

“It's been great and profitable experience. I'm able to add to my retirement at least $40,000.00 a year. Look forward to every other Friday to sell puts, roll if need be. Thank You for being there, I hope we will be able to continue your Retirement Trader issues for many years!”

Dean P.

“Started with you in 2015, have had 133 transactions, 129 winners. Almost always 10 contracts with [redacted] companies, [redacted], [redacted], [redacted], etc, occasional put called, then covered with a call option creating profit overall. Total take to date is $197,308. Have used proceeds to build my and my wife's portfolio. Only 2 open trades as of today, am preserving cash for potential needs among 8 children, 17 grands during this COV situation and also heeding your meltdown caution. Keep up the good work!”

Joe S.

“I initially subscribed to Retirement Trader at the end of 2014. I had just turned 61 and wanted to manage my IRA nest egg myself. I had been a subscriber of "Stansberry Investment Advisory" for a few years. Whenever the topic of “Options” came up, all it did was confuse me. As I’m sure you understand, “Options” are deemed by the general public as to dangerous for the common person. Doc’s credentials at Goldman, and his medical degree provided me a tremendous comfort in two ways: He knew his stuff from the options standpoint and more importantly, his personal story clearly indicated that Doc was a very Trustworthy individual. I decided to take the plunge at the end of 2014 and purchased a subscription to Retirement Trader. I spent most of 2015 just getting up to speed on trading options. I must say Doc’s tutorial was very straightforward and easy to follow. I started slow and was quite relieved that following his advice only took a modest amount of my time each month. 2015 was my eduction year. My trading was entirely in my Brokerage IRA (what a convenient way to trade options!). My cash commitment ranged from $50,000 to a max if $120,000. At the time Doc’s primary focus was on selling puts (I prefer selling puts instead of covered calls). My option income from 2016 to 2020 was as follows:
2016
$29,524
2017
$22,414
2018
$26,836
2019
$33,354
In 2019, I sold 235 contracts with 20 different companies. (70% Doc’s recommendations & 30% my own). By spring 2020 all of them were winners.
2020
$38,159
$150,287
I’ve always kept a 6 figure cash position in my IRA in order to trade options. This proved very beneficial last March when stocks sold off. I was able to scoop up some great buys. Last March I had $300,000 in my account. Today, one year later, it’s $650,000.”

Kevin R.

“Responding to your Jan 31., request for our experience with Retirement Trader (RT).

I believe I am in my third year with RT. It took a little while for me to get going as I had to clear out my own investment decisions (at a loss). Also with 1 to 3 recommendations per month it too a while to get my money invested as I followed the "no more than 5% in an individual option."

I am 69 y.o., have enough income to only have to make limited withdrawals from IRA plans. The data I am sharing is all in an IRA (Fidelty). Please note, in the attached data, I count the profit when the option has expired and the stock is called away, not when the option is sold. I am more interested in profit versus income. So, I have not had a losing stock/option play since October 2022 (when I took losses on stock of VZ to free up money. 2022 was the start, 2023 had profits of $28K and my goal for 2024 is $35K. All my investments are in rental properties, stocks/options with RT and recently I added Credit Opportunities with Mike DiBiaso. This is what you have done for me, most people retire and hope their money will last. I now believe I can grow my assets beyond my needs. I now have more money than when I retired 7 years ago.

I cannot thank you enough for the peace of mind you have provided to my wife and I.”

Mark N.

“I retired at the end of 2018 and I bought my first Stansberry subscription mid 2019. I was originally interested in Credit Opportunities and had hoped to eventually invest most of my retirement funds in this area. I didn't buy my first bonds until Feb 2020. I was very happy with these investments; unfortunately, by that time, the market was drying up and there were not enough opportunities to create the income stream I needed. I invested in another package of subscriptions, intending to focus on stock portfolios. I ended up investing most of my remaining investments in Income (and a few selections from your Income Intelligence) and Melt Up. It was a banner year for stocks and I did very well in capital appreciation , but still was not generating a steady income stream. So I started to read your Retirement Trader (along with Ben Morris' DWT and Bill McGilton's Big Trade). Using your training materials I found the courage to begin trading options. I made my first trade in Nov 2020, selling puts on HII. Since that first trade, I have now made over $12,000 in profits in a little over 4 months ($3k of which I have reinvested into buying longer range puts (Big Trades). I feel confident I can generate a steady $3-5k per month before this year is out. I always hope to have good advice from you and your colleagues but may also try a few trades of my own. I have used the profits to pay for our daily expenses. I am 70, have not yet taken any social security benefits and need to generate $250k in income a year to afford our very luxurious retirement (Beaver Creek, CO). The income from options has enabled me to bridge the income gap that I had originally planned to generate from corp bonds”

John J.

“I began selling Retirement Trader recommended puts in December 2019 and had two good months until the market crash and I took some heavy losses in February and March last year. However, I believed in the Retirement Trader method, “dipped my toe back in” and began selling recommended puts again in April 2020. In July 2020, I had gained enough confidence in the Retirement Trader method that I began to do my own trades on stocks from my “Eifrig Watch List” of stocks that Doc has publicized in the High Income Retirement book. Since April 2020, I have averaged making $2,635 per month for a total of over $31,000 over the last 12 months on an initial $135,000 portfolio. In August I took $21,000 of my proceeds and invested them in several of Eric Wade’s crypto recommendations. As of today, those cryptos are worth $82,000. So that total portfolio is up over $100,000 in the last year. Much more than enough to have paid for my Alliance Membership. I have only been an Alliance Member for a year but for me, during that time, Retirement Trader has been the best/safest service that Stansberry offers. Thank you for introducing me to such a great investment concept!”

Craig M.

“I have used Retirement Trader for many years. I trade strictly for income to supplement my income from my job. I use your services every month. My goal is a modest $3,000 per month in premiums. I have met that goal 95% of the time. Caution! Do not get greedy because you can definitely get in trouble if you do! I have enough confidence to build my own trades as well. Today for instance I sold the [redacted] $100 P for $3.75 for May. I also sold the [redacted] $120 P for $7.75, also May. I do a lot of my own research, including using technical, when I build my own trades. I always use the Put Option calculator to make sure I'm at least 12% on an annualized basis. These were 22.1% and 41.4% respectively. I have made over $50,000 doing AAPL puts, 1 or 2 contracts at a time over the years. AAPL has been the absolute best for me. I do a lot of my own research before I place a trade, including using technical analysis when I build my own trades.”

Sam B.

“I generally act on all recommendations from retirement trader, unless I can't get it at the price recommended. Usually if I wait, I can get it, but sometimes they slip away. I almost always take the put trade, and almost never the covered call trade. I prefer to keep the cash liquid in my account. The other time I don't take your trade is if I'm already in the position, which happens surprisingly often and is almost completely due to recognizing some of the same trends as in Retirement Trader. For instance, I was already in the WMT trade that is currently open. I don't know the total I've generated from Retirement Trader, but my account is up 15.3% year to date, versus about 8.6% on the S&P, and all of it is due to Stansberry recommendations. While the most objective measure of a S&A newsletter is the report card, I've had the most success and most consistent success with Retirement Trader, Advanced Options, Daily Wealth Trader, and Moonshots. I don't use the extra money I've generated for much of anything, I'm generally trying to accumulate capital. I'm not even close to retirement age, I'm 37. The one exception is that this spring my wife really wanted to go on a trip, and there's no way in hell I can keep a mask on my toddler (or want to for that matter - we've all had covid and survived just fine) and the airlines are being super strict on children with masks. We booked a small jet for the trip, and my anxiety about spending that kind of money is super low, because of the money generated from Retirement Trader and other S&A publications. The other thing I do with funds generated from these strategies is buy expensive wine, including Eifrig wine :-). Based on the success with the put-selling strategy, and only selling puts on stocks I want to own, I also use this with other S&A recommendations. I call it "Acquire via put" where I sell the put in a way to try and buy the stock at a discount, for instance if the stock is trading at $48, and I want to buy the stock, I'll sell a put, say 4 weeks out, at maybe $50, and maybe get like $4 for it, so I either keep a fairly fat premium, or I enter the position at a favorable price. I also use this to exit positions, "exit via call", same idea, but the other way around.”

Lane P.

“Just wanted to give an update from my first 40 days as a retirement trader subscriber. I’ve made back 5.5 times my subscription-cost in option premiums and stock gains, with an average annual return of 76%. I promise not to expect that kind of return for the rest of the year but I am very thankful the information and knowledge you and your team have provided for a great start to 2023.”

Cameron M.

“Here is my Options Tracker spreadsheet that shows my experience implement your RT recommendations. The red amounts in column R are the Puts that were put to me. In those cases, I did not follow your recommendation to roll. I thought getting put the good company was alright. In most cases I ended up losing money when I sold them. Those losses hurt my overall performance. In future, I plan to only sell puts on the companies you recommend and that I would like to have in my portfolio. I will also use limit orders to try to get higher premiums than you suggest. I will follow your roll recommendations more faithfully so I don’t end up with significant losses. I don’t like have significant funds tied up for a long time in puts that are rolled several times. I hope that by being more selective I can avoid that. I am pleased with gaining almost $20k in my IRA. This is small percent of my IRA. I hope to apply more of my IRA cash to selling puts to gain more each month.”

Ted S.

“When I started Retirement Trader it took a few weeks for it all to sink in. Guess you can teach an old dog new tricks! Since then it has paid for a new roof, new furnace, and supplements my social security ( approx.. 1,000/mo) all without touching my principle in my 401k. I also use it when rebalancing my portfolio. Not sure what the delta is, volatility? Have also tried a few stocks from the blue book and the only losers are when the stock drops fast and, in my mind, does not make sense to keep rolling. Thanks for everything you and your team does and keep up the good work!”

Doug T.

“My whole investment life, the ONLY news I had ever heard about options was how quickly things could go South. I've only received this product for around a year and a half, so do the calendar math. What did the market do, but fall off a cliff shortly after I started, due to C19. Luckily I was cautious enough as to not have taken advantage of too many trades as I was still learning the ropes. I had just a couple stocks I was forced to buy. Being patient paid off and as the underlying stocks re-gained some ground, I was either able to sell them at a 5% loss, or a 10% gain. My preference is to sell puts. I love the enforced discipline of the brokerage company which does not allow me to sell a put that I can't cover with cash. I started selling puts with about $15k of cash, and have worked my way up to selling puts with around $100k of cash. Don't get too excited, not all of that excess cash came from what I made selling puts. ;-) The strategy has worked out really well for me. In addition to NOT selling on margin, using quality companies is the safety net - not full or fool proof - but a safety net none-the-less. After a year under my belt (made $15k in 2020), I set a goal for 2021 to make $3k to $4k per month by selling puts. In Jan I made $3.7k, Feb $4.1k, $1.8k thus far in Mar. Most of the time, I won't do a trade below 2%/month. When I drop below 2%, it's never been less than 1.5%/month. Where else will I make 18% to 24% a year (with significantly less risk than crypto currencies, for example)?! Do the math: 2% of my $100k is $2k, and my 2021 monthly results are averaging significantly higher than 2%. I'm beginning to learn how volatility is my friend, and wonder how profitable this strategy can be with the dire predictions of an extended down-market somewhere on the horizon. I guess that is when Doc and his team will need to lead on and continue to teach this "fisherman" how to "fish." I can't share specific things I've used the money on. It's just the freedom to live life on your terms, at least somewhat. Give to charities, be there for family, travel, fill in the blank.

To meet my income goals and diversify my risk, I've been forced to make more of my own trades than the trades recommended. My success rate is closer to 75%. Doc, feed me! How about more recommendations in a given month, say . . . 10?!. 10 trades at $300/trade = $3k in a month. I'll be the first to admit asking for 10 recommendations in a month isn't realistic (just thought I would plant that seed), but a number closer to 4 or 5 per month would be nice.”

David P.

“Starting with the old S&A Put Strategy Report, then Retirement Trader, selling puts has become one of my favorite and most-used strategies to increase my retirement savings. I haven't yet actually spent the proceeds - at least not directly - but I've gained a lot of knowledge in 10+ years of put selling which I attribute to Stansberry and you. I retired from my job last November and have been doing a lot more trading since then, and expect that the income from put selling will in fact become more important to me in the coming years. I decided in early 2020 to try to get more disciplined about setting targets and tracking results. The attached spreadsheet FYI reflects that effort, although some ideas - tracking the beta of the underlying, tracking dates of expected earnings announcements (trying to avoid the volatility of holding through the announcement) - seem to have fallen by the wayside. I try to use the group of lower risk stocks that you identified, augmented by others that I've worked with from sources like the Daily Wealth e-letter and my own research. Ideally I would put on 10 or so trades each month, with each trade expiring 15-45 days after initiation, and look to generate 5-10,000 of monthly gains. I like to initiate the trades on down days for the underlying or the market generally. I have a half dozen or so April expirations on right now, looking to add a few more on market down days. In 2020, the market correction caught me flatfooted with short put positions and my losses in Feb, March and April from closing puts, or selling stocks after being assigned the puts, were steep, although I gained back most of them by the end of the year. This was a situation where trailing stops avoided additional losses, but also avoided the quick bounceback gains. 2021 has been a much better year to date and of course I'm trying to avoid making the same mistakes I made last year, so I will close losing trades earlier, roll underwater puts out/down, etc. Also with the VIX consistently above 20 the strategy is more attractive.”