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I even started solving problems that were a challenge for others but the solutions seemed to come to me with ease. This view allowed me to start taking full advantage of their tuition reimbursement program and their interest free loans for computer purchases.

My experience of investing in commodities allowed me to change my perspective on life.

Firing an employee seems to be easier and easier for corporations. Up until now you conceded them to set your clocks. Now its time to fight back! Beat them at their own game. They had your future pegged. Now your trust is in your own hands.

Corporations undertaking to make the best use of their resources so they claim. You must do the same! And when the corporation is no longer the best use of your resource give them their pink slip. You must plunge into to look for ways to help on your time and increase your earning potential. Think like a corporation as for how you can increase your earnings quarter by quarter.

This is exactly what I did and I am so grateful for it. I had started six years prior diversifying my income. I technical this by investing in commodities. I still remember the thrill of my first trade in commodities. I managed to turn $1,500 into $18,000 in upon 4 months. That was all but equal to my $20,000/ yr salary at that time. Up to that point nothing I attempted to do to earn a real income, you know the type of income that would take into account me to splurge and enjoy life, verily worked.

I immediately stopped shopping all the other so-called moneymaking material. I began focusing all my efforts on investing in commodities. A funny thing happened to me. I noticed I noticeably performed my job desirable seeing that I was happier knowing I had my investments working for me. I was able to handle stress much better. I started setting goals and taking vacations away from home instead of using my vacation time simply as time off from work.

I even started solving problems that were a opposition for others but the solutions seemed to come to me with ease. I gradually moved up in the barbershop through promotions. I started viewing the partaking as an investment for me. This view certified me to start taking full world of good of their tuition reimbursement program and their interest free loans for computer purchases.

My experience of investing in goods avowed me to sport my perspective on life. When I was given the news that I would be out of a job due to reorganization, I felt no pressure. I had planned for this moment six years in advance. Of course, everyone was quite shocked when I kept my composure and said the proprietorship was the best field train I had ever worked for.

I continued to work diligently and happily right up to the very last day. You see the phalanx had paid for my society education, gave me two interest free loans for my computers and gave me a lifetime of experience. Well, the truth is I knew I had my investments in and the holding company had professed me to earn the money to invest.

Diversify your income now!

© Copyright David Wells. This Newsletter and all contents are proprietary products. All rights reserved. You are welcome to forward the entire Newsletter to anyone interested.

Just a quick update on Japanese stocks.

A while back I wrote a post entitled “Buy Japan”. A little later, I put out a report on 15 Japanese net-nets.

Some readers are curious about whether I’ve been putting my money where my mouth is.

Yes. Over the last couple weeks, I’ve been buying some of the smallest, most obscure – and least liquid (that's why it's taken weeks) – Japanese stocks.

So far, I’ve put 34% of my portfolio into a total of 4 Japanese micro cap stocks. There’s a fifth Japanese stock I’d like to buy. I’m willing to put 10% into it. If I get that order filled, I’ll have about 45% of my portfolio in Japan.

No. I’m not revealing which Japanese stocks I bought. Over the last couple weeks, I’ve been buying most of the volume of these stocks. They don’t trade much. So I have to be very patient. And very quiet.

All 4 stocks had negative enterprise values. In fact, I got my shares in each of the 4 stocks for less than 60% of net cash. Over the last 10 years, 3 of the 4 stocks had no losing years. One of the 4 stocks had an operating loss exactly 10 years ago. None had any losses in the last 9 years. And 3 of the 4 stocks were bought at less than 10 times normal after-tax earnings. All pay dividends.

Despite my feeling that the Yen could be overvalued against the dollar by as much as 25%, I decided not to hedge the currency.

All my other assets are in U.S. dollars. And I have no view about inflation in the United States. So having anywhere from a third to half of my assets in another currency isn’t the worst form of diversification.

I’ll hold my 4 Japanese micro caps for a little over a year. I plan to re-evaluate them in July 2012. I don’t know enough about Japan to evaluate their business performance in between.

I think it’s probably better to impose a trading ban on myself for a full year so I’m not tempted to sell based on headlines. I didn’t buy these stocks because of headlines. I bought them because they are the cheapest stocks I’ve ever seen. It would be a mistake to sell on news what I bought purely on price.

If any fat pitches come along they'll have to be funded through sales of the 50% of my portfolio in U.S. stocks (which is actually only 2 stocks). 

Right now, having more ideas than money is definitely not my problem. There are almost no good net-nets in the U.S. I mean literally almost zero decent net-nets. Don't believe me? Ask Jon Heller. 

But nothing lasts forever. One day, American net-nets will return.

Until then, at least we have Tokyo.

Talk to Geoff About Japanese Stocks

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