What They Don't Teach You in School

A visit with the Baltimore City police... Money problems... Debt is out of control... What they don't teach you in school... Always be willing to learn... A limited-time offer to watch our Stansberry Conference livestream... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [Stansberry Digest] A visit with the Baltimore City police... Money problems... Debt is out of control... What they don't teach you in school... Always be willing to learn... [A limited-time offer to watch our Stansberry Conference livestream](... --------------------------------------------------------------- Editor's note: Today, we continue our "late-summer series" with an essay originally [published in 2019](. We only edited it slightly. As we hope you'll see, it covers a few timeless ideas that we don't think can be shared enough... especially in today's upside-down world... --------------------------------------------------------------- The veteran Baltimore City cop started to talk about money... We were sitting in the officer's makeshift office in West Baltimore's Pennsylvania Avenue Market. It's about a 10-minute drive from our Stansberry Research headquarters, but it might as well be an entire world away... This is the part of Baltimore that was portrayed in the former HBO hit show The Wire... the blighted side. Most people would tell you not to come to this part of town at night, at least not without a police escort like I (Corey McLaughlin) had... Robberies, assaults, drugs, murders, shootings... Evan Anderson, then an 18-year Baltimore Police veteran, has seen all of it on a regular basis. For the fifth straight year, there had been more than 300 homicides in Baltimore... many in the district where he works. (The streak now stands at seven years.) In fact, as we talked – his now-standard-issue body camera pointed right at me – Anderson admitted people were probably dealing drugs on the street outside the building at that moment. We were talking about something completely unrelated to regular Digest matters. But as so often happens, you'd be surprised at how much two ideas, or different worlds, are connected... Across the country, a lot of folks try to offer solutions for the problems in low-income, high-crime areas like this one, Anderson said. They often suggest adding more (or fewer) cops or stiffer enforcement. But he went in a different direction with how to make things better... 'Schools don't teach people finance,' Anderson said... "Most of us – not until we're adults, get credit, and mess up – we're not learning how to save or invest or anything like that," he said, alluding to his own experience in racking up consumer debt. "That's why a lot of people get in the situations they're in." Finance should be a mandatory class in high school, according to Anderson. (I countered with middle school.) As he explained, maybe then people would find better ways to live, rather than taking a few bucks from a local drug dealer to go sell some products on the corner. "We don't find out about finance and investing until we're already in trouble, then we go looking to learn, and you have so much ground to cover," he said. "My son is 16. I'm teaching him, breaking it down, that way he doesn't have to make the same mistakes I did." This isn't just a Baltimore story, or even a low-income story. It's an American story... Many Americans don't even know what "debt" or "interest" is. If you don't know what those terms mean, how would you know you should avoid it... much less, how to avoid it? Regular Digest readers know we talk about debt a lot at Stansberry Research. In fact, we published an entire book about the country's astronomical levels of consumer, federal, and student-loan debt... which only a reset of our financial system – a so-called "debt jubilee" – will fix. American household debt hit a record $14.6 trillion in the spring of 2021, according to the Federal Reserve... For the first time, more than 500 million credit cards are now in circulation in the U.S... And inflation has been eating away at already-tight budgets. Times are hard for a lot of people when it comes to money... and it likely doesn't shock many Digest readers that most of America is financially illiterate. But the degree to which many Americans are "financially dumb" can still surprise you... According to research a few years ago from the FINRA Investor Education Foundation, only 34% of 27,000 adult respondents to a nationwide survey could answer at least four of five basic financial literacy questions on topics such as mortgages, interest, inflation, and risk. That's down from 42% who could answer four of five correct in 2009. In other words, we're not only already financially dumb as a population, but we're getting dumber. It doesn't take a certified sleuth to tie our collective financial illiteracy to our growing mound of debt. This isn't just a pie-in-the-sky discussion in a vacuum... It has gotten to the point where presidential candidates want to wipe the slate clean... as if trillions of dollars in student loans were never approved. Would they wave a magic wand and eliminate all future debts, too? Even the U.S. Treasury Department admits the role education plays in our collective debt nightmare... In 2019, the Treasury Department recommended mandatory financial literacy classes to college students. You can read the 44-page report with the guidance right [here](. In its recommendation, the department urged college kids to learn the basics of financial planning, and also pointed out that "the complex financial choices students must make are compounded by the fact that, for decades, the cost of college has been rising far faster than incomes." For millennials – including those who finished college during the financial crisis and the younger end who graduated more recently – this idea comes too late. A Wall Street Journal article about the country's largest generation was appropriately headlined "Playing Catch-Up in the Game of Life." Here's an excerpt... American millennials are approaching middle age in worse financial shape than every living generation ahead of them... Hobbled by the financial crisis and recession that struck as they began their working life, Americans born between 1981 and 1996 have failed to match every other generation of young adults born since the Great Depression. They have less wealth, less property, lower marriage rates and fewer children, according to new data that compare generations at similar ages. Meanwhile, the Baby Boomers – our country's next-largest generation – are aging into retirement. By 2030, one in five Americans will be 65 or older. That demographic shift will put unprecedented stress on health care and Social Security systems... the former of which is broken and the latter of which is going broke. (As we've said recently, this also means a big opportunity for growth in the health care sector.) Now, if you're a regular Digest reader, we know you're one of the smart ones... Our Dr. David "Doc" Eifrig touched on this in [a classic Digest](. It's well worth the read, if you haven't done so already. Doc wrote in part... Think of all the time you've spent learning how to build your wealth... Everything you learned to achieve what you have in your career... all the thought that has gone into spending wisely and saving as much as you can... and all the time you've spent learning how the world of finance works... He continued... Most people don't want to learn. I get it... Learning puts you face-to-face with something you don't know and makes you feel frustrated and inadequate. We did it all the time as kids. But when we get to adulthood, we've got some sort of belief that we're supposed to already know everything. Not knowing something is seen as failure. I can't imagine the opportunities – both financial and experiential – that get passed up by those folks who refuse to learn. We see it in our financial-research business all the time... While we try to educate and explain in every issue, many readers just want a stock symbol they can go out and buy. If you're in the select group of readers who actively pursue new knowledge... try to understand the markets... and have learned how to best manage your wealth... you deserve a pat on the back. It's never too early or too late to learn – and keep learning... Charlie Munger, Warren Buffett's longtime partner at holding company Berkshire Hathaway (BRK-B), once said, "Those who keep learning, will keep rising in life." Munger also said, "Just because you like it does not mean that the world will necessarily give it to you." In other words, nothing is guaranteed... but you have to be in the game to have any chance at all. Maybe a parent, guardian, or great mentor in your town turned you on to finance and taught you the basics of investing as a kid. Or maybe you taught yourself about money... with lemonade stands... selling gum at school... or watching your grandfather write down stock tickers from the newspaper or television screen. Or maybe you worked your way through college. I'm sure a good number of Digest readers might have their own fascinating stories about their investing origins. (We'd love to hear them at feedback@stansberryresearch.com.) And you've no doubt learned a lot of things since then. But the world is not static... Things change – and we must keep up with, or ahead of, the trends. For a kid growing up in West Baltimore, that might mean learning the basics of savings, checking, and credit. For the child or grandchild in your life, that might mean learning about basic investment vehicles and the risk-reward ratio of going into debt to pay for college. For experienced investors, it can mean a lot of different things... What can you do to make yourself a better investor? What can you learn that will take your investing to the next level? Maybe you want to learn how to use trailing stops to protect your gains, or how to best allocate your portfolio... Maybe you want to better understand how high inflation changes the economy and markets as we've known them for the past several decades... Maybe – and I urge you to do this one – you want to attend our annual Stansberry Conference, either in person or via our livestream. (Check out details below about how to grab a limited-time discounted livestream ticket to this year's event in Boston.) It's a terrific event, where our most popular editors like Doc, Steve Sjuggerud, and Dan Ferris – plus special invited guests – get together to share unique ideas on the markets, including actionable investment ideas you won't hear anywhere else. This year, I'm particularly looking forward to a presentation by Scott Galloway – a noted professor of marketing at New York University's Stern School of Business and a keen market observer. He's just one of the many speakers I'm eagerly anticipating. This year, the event will be held October 24 to 26 at the Encore Boston Harbor resort. Whatever you decide, just remember what I learned from the Baltimore Police veteran. And remember Charlie Munger's quotes... If you're always willing to keep learning, you'll keep rising in life. Have You Got Your Ticket Yet? The 20th Stansberry Conference will be held October 24 to 26 at the Encore Boston Harbor, a Wynn resort. Do you want to attend but can't swing the trip to Boston in two months? We've got you covered... You can reserve a livestream ticket with full access to all the presentations – from the comfort of your own living room. And today we're offering a limited-time discount... The next 100 people who secure a livestream ticket will pay just $999. You can be "in the room" with all our speakers and hear their recommendations. The package includes access to our 2022 Online Conference Video Archive, too. But this offer is limited to the next 100 folks who sign up for livestream access. [Click here to grab your ticket before it's too late](. --------------------------------------------------------------- Recommended Links: [Huge Recession Loophole (See These Charts)]( Amid today's market turmoil, THIS is one of the biggest and most bullish opportunities today: A red-hot sector with almost unlimited pricing power and a history of outperforming in recessions. It's also the sector where our good friend Dr. David Eifrig spent half of his professional life, meaning he's extremely qualified to spot world-class opportunities today. [Take a look at the evidence here](. --------------------------------------------------------------- [Is This 'America's Nightmare Winter'?]( A wealthy 73-year-old U.S. entrepreneur retreats to one of his three European properties to issue a serious warning (and four recommendations) for Americans. "It falls on someone like me to warn you clearly. I'm too rich to care about money – and too old to care what anyone thinks." [Click here for details](... --------------------------------------------------------------- New 52-week highs (as of 8/15/22): Automatic Data Processing (ADP), AutoZone (AZO), Booz Allen Hamilton (BAH), Centene (CNC), CTS (CTS), W.W. Grainger (GWW), Huntington Ingalls Industries (HII), Hershey (HSY), Option Care Health (OPCH), ShockWave Medical (SWAV), VICI Properties (VICI), Waste Management (WM), and the Utilities Select Sector SPDR Fund (XLU). Today's mailbag includes praise for Prosperity Investor editor Dr. David "Doc" Eifrig. Have you tried our newest research service yet? If not, what are you waiting for? To hear his message about the biggest financial opportunity he has ever seen... and get your access to his research for a 60% discount... [click here](. And as always, we welcome your thoughts, comments, and observations at feedback@stansberryresearch.com. "When I first saw Doc's tape a couple weeks ago, I was impressed and joined the service and put an even amount of money into all three small-cap names. "I've been with Stansberry for several years and have made some good investments. But when Doc speaks, I listen intently. My only regret is that I didn't get the lifetime for $2,000 more. "With the two additions of [Thomas Carroll and John Engel], which I've researched, I think this is a service that gives a guy like me being a novice in the medical space as good a chance as any. "Thanks for listening." – Paid-up subscriber Ward A. All the best, Corey McLaughlin Baltimore, Maryland August 16, 2022 --------------------------------------------------------------- Stansberry Research Top 10 Open Recommendations Top 10 highest-returning open positions across all Stansberry Research portfolios Stock Buy Date Return Publication Analyst MSFTMicrosoft 11/11/10 1,053.9% Retirement Millionaire Doc ADPAutomatic Data 10/09/08 908.7% Extreme Value Ferris MSFT Microsoft 02/10/12 907.5% Stansberry's Investment Advisory Porter ETH/USD Ethereum 02/21/20 659.6% Stansberry Innovations Report Wade HSYHershey 12/07/07 546.3% Stansberry's Investment Advisory Porter BRK.BBerkshire Hathaway 04/01/09 436.9% Retirement Millionaire Doc AFGAmerican Financial 10/12/12 424.4% Stansberry's Investment Advisory Porter WRBW.R. Berkley 03/16/12 369.3% Stansberry's Investment Advisory Porter NTLAIntellia Therapeutics 12/19/19 323.2% Stansberry Innovations Report Engel TTDThe Trade Desk 10/17/19 319.3% Stansberry Innovations Report Engel Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio. --------------------------------------------------------------- Top 10 Totals 2 Retirement Millionaire Doc 1 Extreme Value Ferris 4 Stansberry's Investment Advisory Porter 3 Stansberry Innovations Report Engel/Wade --------------------------------------------------------------- Top 5 Crypto Capital Open Recommendations Top 5 highest-returning open positions in the Crypto Capital model portfolio Stock Buy Date Return Publication Analyst ETH/USDEthereum 12/07/18 1,475.6% Crypto Capital Wade ONE-USDHarmony 12/16/19 1,285.7% Crypto Capital Wade POLY/USDPolymath 05/19/20 1,083.5% Crypto Capital Wade MATIC/USDPolygon 02/25/21 877.9% Crypto Capital Wade BTC/USDBitcoin 11/27/18 542.8% Crypto Capital Wade Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it's still a recommended buy today, you must be a subscriber and refer to the most recent portfolio. --------------------------------------------------------------- Stansberry Research Hall of Fame Top 10 all-time, highest-returning closed positions across all Stansberry portfolios Investment Symbol Duration Gain Publication Analyst Nvidia^* NVDA 5.96 years 1,466% Venture Tech. Lashmet Band Protocol crypto 0.32 years 1,169% Crypto Capital Wade Terra crypto 0.41 years 1,164% Crypto Capital Wade Inovio Pharma.^ INO 1.01 years 1,139% Venture Tech. Lashmet Seabridge Gold^ SA 4.20 years 995% Sjug Conf. Sjuggerud Frontier crypto 0.08 years 978% Crypto Capital Wade Binance Coin crypto 1.78 years 963% Crypto Capital Wade Nvidia^* NVDA 4.12 years 777% Venture Tech. Lashmet Intellia Therapeutics NTLA 1.95 years 775% Amer. Moonshots Root Rite Aid 8.5% bond 4.97 years 773% True Income Williams ^ These gains occurred with a partial position in the respective stocks. * The two partial positions in Nvidia were part of a single recommendation. Editor Dave Lashmet closed the first leg of the position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could've recorded a total weighted average gain of more than 600%. You have received this e-mail as part of your subscription to Stansberry Digest. If you no longer want to receive e-mails from Stansberry Digest [click here](. Published by Stansberry Research. You’re receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. 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