I currently have no income

Paolo Cabrelli | 02 Dec 2020 A tale of two investors… how will it end for you? Dear Reader,   "I currently have no income."   So said the man whose house boasted: Two swimming pools Six fireplaces Two elevators 11 bathrooms A seven-car garage… And which cost more than $90,000 a month to maintain. Richard Fuscone was Harvard-educated, held an MBA and was a top executive with Merrill Lynch…   But high debt and illiquid assets left him bankrupt when the 2008 financial crisis hit.   Ronald Read was the polar opposite.   A former janitor and gas station employee, he often foraged for firewood… and held his coat together with safety pins.   Yet he had a knack for picking stocks… and when he died at the age of 92, had amassed a fortune of around $8 million.   I mention these two stories because it shows that financial success is not a hard science…   That a high flying education and career doesn't mean you won't crash and burn…   And there's a difference between acting fast rather than hastily… and on instinct rather than rationality.   Of course all investing carries risk but I believe a cool head, a clear understanding of the bigger picture and the ability to assess individual opportunities that can arise out of that is a good place to start…   Which is where I come in.   As the publisher at Southbank Investment Research, I would like to offer you our two flagship newsletters in a special deal that will SAVE you 80% on the full price.   One gives you the 'news behind the news'… the other very specific investment opportunities.   Both would have provided readers with information to help them prosper.   You can find out about their track record here.   But this private link is coming down after 11.59pm on Friday night.     Best,   Paolo Cabrelli Publisher, Southbank Investment Research   P.S. Take up my offer and you'll also receive the thoughts of two very successful investors FREE of charge…  a report on the 5 Biggest Investment Trends for 2021 – and a webinar on surviving 10 crises in over 20 years. I will send links to both to your inbox when you claim your discount.

Important Risk Warnings:   Before investing you should consider carefully the risks involved, including those described below. If you have any doubt as to suitability or taxation implications, seek independent financial advice.   Your capital is at risk when you invest, never risk more than you can afford to lose. Past performance and forecasts are not reliable indicators of future results. There is no guarantee dividends will be paid. Bid/offer spreads, commissions, fees and other charges can reduce returns from investments.   Overseas shares - Some recommendations may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Any dividends will be taxed at source in the country of issue.   Funds – Fund performance relies on the performance of the underlying investments, and there is counterparty default risk which could result in a loss not represented by the underlying investment. Exchange Traded Funds (ETFs) with derivative exposure (leveraged or inverted ETFs) are highly speculative and are not suitable for risk-averse investors.   Bonds – Investing in bonds carries interest rate risk. A bondholder has committed to receiving a fixed rate of return for a fixed period. If the market interest rate rises from the date of the bond's price will fall. There is also the risk that the bond issuer could default on their obligations to pay interest as scheduled, or to repay capital at the maturity of the bond.   Cryptos - Investing in cryptocurrency is highly speculative. The cryptocurrency market can be extremely volatile. Digital currency coins are encrypted to keep them secure. The encryption identifies the currency itself, but not its owner. This means that if a coin is stolen, you have very little recourse in getting it back.   The Financial Conduct Authority does not regulate certain activities, including the buying and selling of commodities such as gold, and investments in cryptocurrencies. This means that you will not have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme.   Taxation – Profits from investments, and any profits from converting cryptocurrency back into fiat currency is subject to capital gains tax. Tax treatment depends on individual circumstances and may be subject to change.   Investment Directors for Fleet Street Letter Monthly Alert: Boaz Shoshan and Charlie Morris. Chief Strategist: Nick Hubble. Investment Director for Frontier Tech Investor: Sam Volkering. Editors or contributors may have an interest in shares recommended. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of Southbank Investment Research Limited. Full details of our complaints procedure and terms and conditions can be found on our website www.southbankresearch.com.   Fleet Street Letter Monthly Alert and Frontier Tech Investor are regulated products issued by Southbank Investment Research Limited.    Registered in England and Wales No 9539630. VAT No GB629 7287 94. Registered Office: 2nd Floor, Crowne House, 56-58 Southwark Street, London, SE1 1UN.   Southbank Investment Research is authorised and regulated by the Financial Conduct Authority. FCA No 706697. https://register.fca.org.uk/.   © 2020 Southbank Investment Research Ltd. Exponential Investor is published by Southbank Investment Research Limited. Customer Service Please do not reply to this email. This email inbox is not monitored. To contact customer services, please click here. Alternatively, telephone us on 0203 966 4580, Monday to Friday, 9.00am - 5.30pm. Email Reference: EXIDE03 To unsubscribe from Exponential Investor please click here. © 2020 Southbank Investment Research Ltd. Registered in England and Wales No 9539630. VAT No GB629 7287 94. Registered Office: 2nd Floor, Crowne House, 56-58 Southwark Street, London, SE1 1UN.