The old tricks will always work for investors like us

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The Votes Are In: Recreational marijuana use will soon be legal in Canada after the Senate passed the historic bill with a vote of 52-29... Now you'll really want to learn how to take advantage of Michael's latest Canada pot stock play. Click here now... JUNE 21, 2018 Canada Just Ended 90 Years of Prohibition (and Unleashed the Profit Opportunity of a Lifetime) On June 19, Canada passed a vote to bring its marijuana ban to an end - and recreational pot sales are expected to begin in just weeks. At any moment, never-before-seen profits could start rolling in... and we've handpicked the industry's best pot stocks poised to hit the ground running. This is your chance to mint millions - but this ground-floor opportunity may not be around tomorrow. Go here now to see exactly how to get started. Member Services 888.384.8339 Write to Us Stick to Value Wall Streeters claim value investing is irrelevant, but regular investors know it always works... Here's Why the Old Tricks Will Always Work for Investors Like Us By Tim Melvin, Special Situation Strategist, Money Morning Laton Spahr, a senior portfolio manager of the value fund over at asset management giant Oppenheimer Funds, had a quote in The Wall Street Journal last week that I've had trouble getting out of my mind. The article tackled whether or not value investing is changing in the new world order of insanely high stock prices, which have presented a so-called "existential crisis" for the value-oriented ilk I belong to. Mr. Spahr said, "One of the toughest things is being able to articulate what value investing is anymore." He went on to say that older, traditional methods of valuing companies have changed, and standards must be lowered to allow for the ownership of overpriced, growth-oriented behemoths like Alphabet Inc. and Apple Inc. After careful consideration, I have arrived at the inescapable conclusion that his argument is a load of you-know-what. The quality of traditional methods of valuing companies has not changed in the slightest. Identifying bargain stocks based on the share-price discount to the value of the assets of the company still works. So does finding bargains based on a low price relative to the free cash flow produced by the company. I can find plenty of strong companies trading at unreasonably undervalued prices, even with the S&P 500 trading near its highest levels in history. What I can't find are enough bargain stocks to fill up a multibillion-dollar portfolio. The concept of buying companies for less than they are worth and selling for more than they are worth lies at the heart of value investing. It has worked and always will work incredibly well for individuals looking to build a nest egg or save up for their kid's tuition. But I find it hard to sympathize with fund managers like Mr. Spahr, who need to swell the size of their funds in order to generate the massive fees that pay exorbitant bonuses so they can rent office buildings in Midtown Manhattan. The only reason these managers are trying to expand the value-investing ethos is to create higher fees for themselves with little concern about what it means for their clients' long-term returns. The Wall Street types like to fiddle with the idea of value investing because it has simply never worked for them. It's never been a profitable strategy for those investing enormous sums of money. All you have to do is look at the greatest value investor in the history of the world to see the truth behind why value investing works better for regular investors like us... Full Story Marijuana Millions Canada Is Paving the Way for the Future of Weed This past Tuesday, with a landslide vote of 52-29, Canada's Senate passed the historic bill that will soon be making recreational marijuana use legal in the country. Canada is the second country in the world - and the first G7 nation - to create legislation allowing a nationwide marijuana market. Canada's been building up to this moment for more than a year now, long enough for us to be able to have the chance to cash in on what could be a $4.7 billion market to start with. But despite what you may think, things are changing here in the States, too. Considering this major win for marijuana taking place just north of us, the road toward that change will be much easier. You see, although Attorney General (and anti-cannabis dinosaur) Jeff Sessions is staging a one-man war on weed, Donald Trump just gave the "green light" to legal marijuana, saying that he supported Sen. Cory Gardner's (R-CO) bill that would end the federal ban on marijuana, allowing "the several states" vastly more freedom and leeway to set up their own cannabis legalization approaches. Under Gardner's plan, it would be illegal for the feds to interfere. This is huge news - on top of what you just heard about Canada. Even before all this happened, the global marijuana market was set to reach $146.4 billion by 2025, according to Grand View Research. With Canada's historic move and the United States putting an end to the federal ban, we could see that number go much higher. Up to 16 states are considering legalization this year, be it through state House legislation or voter-led ballot referendums. That would mean up to 61 million new potential customers. It's going to be absolutely critical for investors to "align" their weed investments with what's happening - and what could be about to happen - at the state level. Hopefully all of this will be much easier now that Canada has paved the way toward legalization. I've spent the last couple of months researching companies that could be poised for rare, exceptional gains (like we saw the 2016 election year, when 20 pot stocks zoomed up to 1,000%) when legalization gathers momentum across the United States. You're invited to click here and watch my new research presentation. Peter Krauth The Patience of Gold Investors Is About to Pay Off Big Time The wait is finally over - thanks to three emerging gold miners and the latest charts, the gold market is set for a major rally. Here's our Resource Specialist with the details and how to profit... Full Story Trading Strategies Here's What to Do When the Dow Sinks 300 Points With a trade war in full swing between the United States and China, the Dow Jones responded by dropping 287 points at closing bell yesterday and trying to recover from that slump today. But rather than fleeing the market, here's what savvy investors are doing instead... Full Story Must See Prepare Yourself for the Arrival of WWIII The Pentagon estimates China has enough missiles to wipe out every U.S. carrier strike group on the planet. To prevent an attack worse than Pearl Harbor and 9/11 combined, the U.S. government has silently funneled billions of dollars into a modern-day Manhattan Project, placing bets on one under-the-radar defense company. This firm's technology is the only thing standing between the United States and WWIII. To learn more about how we could arm ourselves against Chinese offensives, click here. Money Calendar Pro (Premium Content) Our Open Positions Update China is the talk of the week, and it seems to be rocking everyone's short trades - but not ours. We're holding strong with six of our open positions sitting in double digits and only one in the red. Take a look... Full Story Private Briefing (Premium Content) Make Sure You're Using Bill's Private Briefing Dashboard You've got full access to thousands of dollars' worth of independent research and analysis with your subscription, and we've made it easier than ever to make the most of it... Check It Out Member Benefits 50 Ways to Help You Earn More This Year You can make more money than the "average" investor by getting in on opportunities early. Our exciting new Profit Alerts service can help you do just that. Complimentary for Money Morning Members, sign up here to automatically get the best opportunities to make money our research team uncovers sent straight to your inbox, the moment they're released. We cover at least 50 of the most profitable market trends year-round. Your Membership Membership Info... Member ID: indra21poetra@gmail.com  Member Since: May 2018 Rewards Points: 185 View Your Benefits Contact Us: 888.384.8339 Write to Us More Investing Resources... 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