Dear Concerned American,

Federal Reserve Chair Jerome Powell first told us that inflation was “transitory” on Aug. 27, 2021.

The world’s leading economists and money managers disagreed.

Ray Dalio, founder of Bridgewater, the world’s largest hedge fund, said, “Cash is trash” because inflation is going to destroy your savings.

Queens’ College President Mohamed El-Erian told CNBC, “Transitory was the worst inflation call in the history of the Fed.”

Fortune reported, “Watch out: High inflation plus very low interest rates are a deadly combination for stocks.”

The Wall Street Journal put it best with, “In inflation denial? Your grocery bill will wake you up.”

As the prices of gasoline, groceries, and used cars continued to soar . . .

President Joe Biden continued spending like a drunken sailor.

The Wall Street Journal called his policies “The Biden Era of Greed” because of his proposed $5.4 trillion spending plan.

Wharton economics professor Kent Smetters warned, “The Biden budget would result in the highest spending in decades and would elevate federal spending to 24% of GDP by 2030.”

But Biden’s bloated spending plans didn’t worry the Treasury Department.

Treasury Secretary Janet Yellen told Bloomberg News, “If we end up with a slightly higher interest rate environment, it would actually be a plus for society’s point of view and the Fed’s point of view.”

Yellen must be living on another planet if she thinks higher interest rates are good for Americans.

It’s not just me saying this.

A New York Times contributor wrote, “Bacon is as expensive as filet mignon used to be.”

The Wall Street Journal reported, “Higher inflation is probably costing you $276 a month.”

To try and bring inflation down to 2%, the Fed raised rates SEVEN times last year.

From 0.25% to 4.5%.

The fastest rate hike in 40 years.

The Fed’s rate hikes punished stocks.

In fact, 2022 was the worst year in the market since 2008.

The Dow fared the best ending 2022, down -8.8%.

The S&P 500 sank -19.4%.

The tech-heavy Nasdaq tumbled -33.1%.

But 2022 wasn’t only brutal for stock investors.

Investment safe havens like bonds fared worse than stocks.

2022 was the worst year for bonds since 1842.

And that’s the good news — because inflation is like kryptonite for bonds. Their fixed interest payments mean bonds don’t keep up with the rising cost of living.

Stocks and bonds are not the only asset classes that the Fed’s wrecking ball has shattered.

Soaring interest rates made housing more unaffordable than any time since 2007.

So it’s no surprise that by November, home sales had a record 10th straight month of declining sales.

Despite signs that inflation has started to recede, economists still expect higher interest rates to push the U.S. economy into a recession.

Because of one economic indicator that has preceded the last 10 recessions, with 100% accuracy, for seven decades.

Right now, this indicator is at the most dangerous level since 1980.

I’m talking about the Treasury yield curve inverting to extreme levels.

In a healthy economic climate, the interest on a 10-year Treasury is higher than a two-year Treasury.

We can’t say with any accuracy what will happen in two years, let alone a decade. That’s why a 10-year Treasury is considered a higher-risk investment.

Investors demand higher payments for taking more risk. So, the yield on a 10-year Treasury should be higher than a two-year Treasury.

When short-term economic confidence shatters, the yield curve inverts.

The difference in yield on a two- and 10-year Treasury reached 85 basis points in early December. The highest level since 1981, back when Paul Volcker was chairman of the Fed.

The big question on Wall Street is, will the next recession be longer and deeper than anything we’ve seen in the last 40 years?

The last time a war triggered an energy crisis and runaway inflation was the 1970s.

Then and now, the Fed used the only tool it had to control inflation — raising interest rates.

And aggressive rate hikes destroyed the economy.

Between 1966 and 1982, the Dow returned just 0.83%. That’s 16 years of ZERO growth in your portfolio.

But if you take into account how much purchasing power the dollar lost in the 1970s . . .

The true wealth destruction is much worse.

It took 25 years — or half the average person’s working life — for the Dow to get back to even.

Now, if you think that’s a one-off example that will never happen again . . .

Take a good look at the Dow returns from 2000 to 2011.

Another lost decade in the market.

Look at what happened to the Dow from 1929 to 1954.

A lost GENERATION in the market.

Most investors in 1929 NEVER saw their portfolio get back to even.

Look at what happened to the Japanese Nikkei in 1989.

As you can see, 33 years later, investors are still waiting to get back to even.

From 1980 to 1988, the Japanese government cut interest rates every year.

Cheap money and booming economic growth created one of the biggest asset bubbles we’ve ever seen.

By 1988, at the height of the real estate bubble, the Imperial Palace in Tokyo was worth more than the entire state of California.

Then in 1989, interest rates started rising fast.

When the cheap money disappeared, Japan’s “everything” bubble burst. Real estate and stock values plummeted.

That’s what made the Japanese crash a once-in-a-century tragedy — the simultaneous collapse of multiple asset classes.

We’ve had zero interest rates for nine of the last 13 years. Cheap money sent asset prices skyrocketing.

Take a look at what happened to real estate when the Fed dropped interest rates in 2020.

As you can see, house prices soared faster than the bubble rate in 2006.

Look what happened to the Nasdaq in 2020.

The Nasdaq soared over 196% as the Fed pumped $6.55 TRILLION into the economy and cut rates to zero.

And look what happened in 2022 when the Fed started to raise interest rates.

The Nasdaq plummeted -33.1%.

At the same time . . .

Bonds lost -10%, the Dow dropped -8.8%, and the S&P 500 tumbled -19.4%.

That’s why Dalio told Forbes, “Beware of the popping of these bubbles as liquidity runs out.”

Seeking Alpha wrote, “The Fed is finally demolishing the everything bubble.

After successfully predicting the 1989 Japanese bubble, the 2000 dot-com bubble, and the 2007 housing bubble, billionaire Jeremy Grantham warns . . .

“U.S. markets are in a bubble that is so big, it will destroy more than $45 trillion in assets once it pops.”

The 2008 financial crisis burned $10.2 trillion in wealth.

The Dow lost $6.9 trillion as it plummeted 57%.

Real estate lost over $3 trillion as house prices fell on average 30%.

Which means the coming crisis could destroy FOUR TIMES MORE wealth than the 2008 financial crisis.

Imagine what that would do to the value of your 401(k), your home, and your net worth.

A lifetime of disciplined savings — gone.

Fortunately, you don’t have to watch the Fed destroy your life savings.

But you will have to act fast to save everything you’ve worked for.

You see, when the Dow crashed -57% in 2008, the income from my portfolio didn’t drop a cent.

And it increased in 2009!

Because I didn’t invest in the traditional way.

Rather than swinging for the fences on “hot” growth stocks, I invested in a special class of stocks that put money in my pocket regardless of the share price.

That’s why in 2022, while the S&P 500 dropped nearly -20% and the Nasdaq plummeted -30%, my portfolio put more cash in my pocket than it did in the bull market of 2021.

Many of the world’s greatest investors have built their fortunes with this special class of stocks, including Warren Buffett, Carl Icahn, Peter Lynch, Sir John Templeton, and John D. Rockefeller, just to name a few.

But you don’t need Buffett’s bank account to invest in this special class of stocks.

I’m an ordinary guy who grew up without a dime. Yet I figured out how to retire at just 42 years old without a big corporate salary.

In fact, I never earned a six-figure salary before becoming a millionaire. Expect one lucky year.

Today I’ll show you how this special class of stocks, which I call D-class, could protect your life savings as the Fed’s rate hikes burst the bubbles in stocks, bonds, and real estate.

Why D-class stocks pay you a consistent income in both bull and bear markets.

And why D-class stocks help you avoid . . .

The Most Overlooked Investing Step

Do you know anyone who got into Zoom, Peloton, Netflix, or Tesla in January 2020?

During the pandemic, I’m sure they couldn’t stop bragging about their soaring gains.

After all, Zoom shot up 556% in just eight months.

Peloton ran up 434% in 2020.

Netflix rose 130% in eight months.

And Tesla soared 859% in just 10 months.

Unless they turned their paper gains into cash in the bank, I’m sure they are very quiet right now.

Zoom is down -85%.

Peloton is virtually bankrupt.

Netflix has fallen as much as -75%, in part after reporting a quarterly loss of a million subscribers.

Tesla crashed -65%.

The truth is that most investors — even those with experience — don’t have an exit strategy.

So, they only ever make paper gains.

But to live in retirement, or to use your portfolio to ease the pain of soaring gasoline, grocery, and energy prices, you’ve got to sell your shares.

That’s fine in a bull market.

But a bear market forces investors to sell their shares for a crushing loss — just to pay their bills.

That’s why most Americans worry about a bear market and running out of savings in retirement.

A Gallup survey reveals a record 63% of Americans are now worried about retirement.

That’s hardly surprising, as the 4% retirement rule got killed last year.

The traditional advice to make your savings last for 30 years is to spend 4% of your savings per year.

But if you sell 4% of your portfolio at a 30% loss — will your savings last 30 years?

You don’t need to be a trained accountant to know you are locking in losses that cut seven years off your retirement savings.

D-class stocks free you from the pain of selling your shares at a crushing loss just to pay the bills.

Because D-class stocks give you a consistent cash income in both bull and bear markets. So, you never have to worry about running out of money in retirement.

And you can leave a huge legacy that protects your kids and grandkids.

Right now, a portfolio of D-class stocks will ease the pain of inflation and rising interest rates.

Because they put cash in your bank — without selling a single share.

So, you aren’t compromising your retirement plans by using your portfolio to maintain your standard of living.

In a moment, I’ll show you what D-class stocks are and how to build a portfolio of the right D-class stocks so you enjoy a monthly income just like a salary.

First, it’s important for you to know who I am, and why I’ve never been so certain about anything in my life.

My name is Bill Spetrino.

I grew up without a dime and figured out how to retire at 42 years old.

And I did it without a fat corporate salary.

In fact, before I became a millionaire, my annual family income was less than $100,000 — except for one lucky year.

I became a multimillionaire by investing like Buffett, not “The Wolf of Wall Street.”

I made my investing boring so I could make my life exciting.

I wanted to retire young so I could enjoy the most important parts of my life: my family, my friends, and playing sports.

I knew I’d never achieve financial freedom by swinging for the fences with my investments.

I couldn’t afford to take big risks and potentially suffer big losses.

So, I focused on buying great companies that were trading for well below their asset value. In other words, I bought golden opportunities at a discount.

To make sure these golden opportunities would be long-term winners, I dug deep into their fundamentals.

Not many companies passed my rigorous multistep vetting process.

Those that did became huge long-term winners.

When I say long-term winners . . .

I’m not talking about holding a company for a few months, or even a couple of years.

I’ve owned one long-term winner longer than my house . . . longer than my daughter has been alive . . . and longer than many of my friends.

In 1994, I put my ENTIRE $8,000 IRA into this company.

That’s how confident I was about its long-term profit potential.

Every year for the last 29 years, this D-class stock has put cash in my pocket.

When I didn’t need the extra cash, I bought more shares.

Today, this company pays me $9,440 a year.

That’s a bigger cash payment than my initial investment.

A cash payment I receive every year — without selling a single share.

That’s why I no longer worry about money or a market crash.

In 2008, when the Dow plummeted -57% and millions of hard-working Americans watched their retirement savings go up in smoke . . .

I felt guilty that my portfolio of D-class stocks pumped out more cash than the previous year.

That’s when I knew I had to share my investment system with Main Street Americans.

For 12 straight years I delivered 23 out of 23 winners in my Conservative Portfolio, with an average annual return of 24.8%.

That’s 75% better than the S&P 500, which gained just 14.2% per year over the same time.

Today, my proven cash-in-the-bank investment system is an even more important financial lifeline than in 2008.

Because the coming crisis could destroy FOUR TIMES MORE wealth than the 2008 financial crisis as the bubbles in stocks, bonds, and real estate burst.

I’m not the only financial analyst that sees the writing on the wall.

Big Banks Predict Recession

More than two-thirds of economists at 23 major banks expect America to fall into recession in 2023. The other economists predict a recession in 2024.

They agree the main culprit is the Federal Reserve, which raised rates seven times in 2022, sending the benchmark range from 0% to a 15-year high of 4.5%.

While inflation was taking the biggest bite out of our wallets in 40 years . . .

The Fed thought it would help the economy by making borrowing more expensive.

The Fed wants to make houses, cars, and furniture unaffordable for middle-class Americans.

And they don’t care what impact that has on jobs.

We’re already seeing the dominoes fall.

Google said it would cut 12,000 jobs in its largest-ever round of layoffs.

Amazon has cut 18,000 jobs as the company prepares for economic uncertainty.

Facebook (now called Meta Platforms) said it would cut 13% of staff.

Toy maker Hasbro announced it would eliminate 15% of its workforce — around 1,000 jobs — because of poor Christmas sales.

When a toy maker struggles for sales at Christmas, you know our standard of living is being destroyed at the fastest rate in living memory.

The fancy economic term for that indicator is — common sense. Something the Fed seems to be missing.

You see, while the prices of secondhand cars are soaring, used car dealer Carvana is laying off 4,000 people.

Electric car maker Rivian will lay off another 6% of its workforce — that’s on top of the 6% they’ve already let go.

Post-it notes manufacturer 3M is cutting 2,500 jobs.

Even Wall Street is forced to tighten its belt.

BlackRock, the world’s largest asset manager, is cutting 3% of its workforce.

Bank of New York Mellon slashed 1,500 jobs to cut costs.

Goldman Sachs will let 3,200 people go from its payroll to offset declines in deal-making revenue.

Companies across every sector of the economy — tech, manufacturing, toys, and even banking — are cutting staff as they prepare for the coming recession.

Against this backdrop, the Fed continues to raise interest rates.

That’s why there’s no change in the economic indicator that has preceded every recession since World War II with a 100% success rate for the last 10 recessions over the last 75 years: an inverted yield curve.

Right now, U.S. government bonds maturing between three months and two years hold higher yields than bonds maturing in 10, 20, or even 30 years.

The 10-year Treasury dropped 85 basis points below the two-year yield. That’s the largest negative gap since 1981.

And the start of a recession that pushed unemployment higher than any time since the Great Depression, as shown in the 2020 spike in this next chart.

In addition to the COVID-19 surge of unemployment in 2020, it also reached a terrifying 10.8% peak in 1982 — higher than the financial crisis in 2008.

We all know someone who lost their job in 2008.

We watched powerless as the value of our houses plummeted 30% or more, and we felt fortunate that we weren’t one of the 10 million people who lost their homes.

Ten years after the crash, you probably know people working well past their planned retirement because their 401(k) was slashed in half and their home equity disappeared.

The chaos caused by Lehman Brothers’ collapse would have been much worse if the government didn’t take the controversial decision to bail out the banks.

To help stimulate the economy, the Fed took some unprecedented steps, pumping $4 trillion into the economy and cutting rates to near zero.

That set up the longest stock market bull run in history.

Just take a look at this S&P 500 chart . . .

From 2009 to 2021, the market soared five times higher.

Yet, productivity didn’t soar five times higher in that time.

Wages didn’t climb five times higher. In fact, they’ve been virtually stagnant since 2007.

So what sent stocks rocketing higher?

Zero interest rates and unprecedented money printing.

What happened when the free money disappeared?

The S&P 500 crashed -19.4%. The Nasdaq tumbled -33.1%.

It’s the same story with the asset class that affects middle-class Americans more than any other . . .

Housing.

This is the most alarming bubble of all.

This chart shows that between 2012 and 2016, house prices rose at the same alarming bubble rate of a decade earlier.

Then prices cooled as the Fed started raising rates.

When the Fed cut rates to zero in 2020, house prices soared faster than at any time in history.

Now that the Fed is hiking rates at the fastest-ever rate . . .

House prices are even more unaffordable than in 2006 — right before the housing bubble burst.

Take a look at this house price to household income ratio chart.

This chart shows that as a percentage of household income, house prices are more unaffordable than in 2006.

So it’s hardly surprising that mortgage purchase applications are down 41%.

That’s a bigger drop than we saw at the bottom of the 2008 crash.

Mortgage refinances are down a staggering -84% from last year.

And the number of home sales declined for 10 straight months — the longest stretch since 1999.

As stocks, bonds, and real estate values plummet . . .

Financial Experts Predict a
Once-in-a-Century Event as
the Everything Bubble Bursts

Billionaire Stanley Druckenmiller, who shot to fame after helping George Soros’ Quantum Fund make $10 billion betting against the British pound, in 1992 said:

“This is the biggest bubble I’ve seen in my career.”

Grantham warns:

“U.S. markets are in a bubble that is so big, it will destroy more than $45 trillion in assets once it pops.”

The 2008 financial crisis burned $10.2 TRILLION in wealth.

Which means the coming crisis could destroy FOUR TIMES MORE wealth than the 2008 financial crisis.

Only a few market events in an investor’s career really matter.

The most important of all are “super bubbles.”

Because super bubbles do not create a short 17-month bear market, as we had in 2008.

Super bubbles are a once-in-a-century event that shatter the values of multiple asset classes for a generation.

The last time a super bubble burst in America was in 1929.

It took 25 years for the Dow to get back to even.

The most recent super bubble to pop was in Japan in 1989.

More than 33 years later and neither the Nikkei nor house prices have returned to their 1989 peak.

If stocks fall another 30% from today’s values and didn’t recover for 30 years . . .

If the value of your home crashed 30% or more and didn’t recover in your lifetime . . .

What would that do to your retirement plans?

Unless you’re already a multimillionaire, you’d be forced to work at least a decade longer than you want, or possibly give up on retirement altogether.

Fortunately, you don’t have to watch the Fed destroy everything you’ve worked for.

There’s an investment safe haven that’s proven to pump out consistent income in any market.

I’ve been using it for 32 years.

In the worst bear market since 2008, I enjoyed a bigger cash-in-the-bank income than the raging bull market of 2021.

That consistent income protected me and my family from the pain of soaring gasoline, grocery, and energy prices.

In 2020, when the global economy went into lockdown . . . markets crashed . . . and oil prices went NEGATIVE . . .

My readers didn’t panic because they knew their portfolio of D-class stocks would continue to pump out consistent cash payments.

In 2008, when the housing bubble burst and 8.7 million Americans lost their jobs, and almost 10 million families lost their homes . . .

My portfolio put more cash in my pocket than it did the previous year.

And in 2000, when the tech bubble burst and the Nasdaq crashed -78% over two years, my portfolio of D-class stocks continued to pump out cash as regular as clockwork.

D-class stocks free you from the pain of selling your stocks in a bear market just to pay your bills.

So you never have to worry about a bear market or running out of money in retirement.

D-class stocks pay you every three months — even in a bear market.

With the right portfolio of D-class stocks, you can earn a monthly income just like a salary.

That’s why 68% of Warren Buffett’s portfolio is made of D-class stocks.

Last year, his D-class stocks pumped out $6.07 BILLION in cash.

As you may have guessed, D-class stocks are dividend-paying stocks.

Because dividends are a way for companies to redistribute profits to shareholders.

Only profitable companies pay dividends.

And only sustainably profitable companies pay dividends with any consistency.

Consistently profitable companies are the most likely to survive the coming crisis.

But not all dividend-paying stocks are a good investment right now. So let me show you . . .

How I Pinpoint the Highest
Performing D-Class Stocks

I uncover the highest-performing D-class stocks with the oldest trick in the book: hard work.

From 50 to 100 hours of fundamental analysis on each stock. Then I run the numbers through my 18-step stock screening system.

I only recommend companies that score a green light for all 18 screening steps.

Here’s some of what I look for . . .

Rule #1: Find warhorse stocks that pay you to own them

The cornerstone of my system is warhorse companies that pay you to own them.

A warhorse company has proven it can survive the worst times. Such as Coca-Cola and McDonald’s.

Coca-Cola has paid investors a dividend every year since 1920.

Think about what that means. They survived the Great Depression when the Dow plummeted -89%.

They survived the oil crisis and runaway inflation of the 1970s . . . the dot-com crash of 2000 . . . and the financial crisis of 2008.

Regardless of the economic climate, Coca-Cola has consistently paid investors to own them.

It’s the same story with McDonald’s. Every year since 1976, they have rewarded long-term investors with a quarterly dividend.

That’s what makes warhorse companies such safe, secure, and profitable long-term investments.

Rule #2: Cash payments must get bigger each year

Quarterly cash payments, make a company a good investment.

But you wouldn’t want to own a stock for 20 or 30 years if their cash payments didn’t increase every year, because inflation would erode your income.

And you’d be pushed back into what I call the “growth stock” dilemma — trying to figure out when to sell your stocks at just the right time in order to capture some gains and live comfortably in retirement.

With my system, you never need to sell your stocks to live a happy, healthy, and exciting retirement, because the companies I recommend increase their dividend payments every year.

Turns out, these tend to also be the strongest companies.

From 1973 to 2010, stocks that increased their dividend payments returned on average 9.27% per year.

Stocks that paid dividends but did not increase them returned 7.11% annually.

How did the so-called “growth stocks” perform?

Non-dividend payers returned an average of just 1.82% per year.

A $10,000 investment in “growth stocks” in 1973 would have grown to $19,845 — 37 years later.

That same $10,000 investment in stocks that paid dividends but did not increase them would have run up to $136,000.

And the same $10,000 investment in D-class stocks would have ballooned into $290,426.

That’s a $270,580 increase on “growth stocks” and a $154,425 improvement on standard dividend stocks.

Rule #3: Focus on healthy companies with a stockpile of cash

Just like households, healthy companies make more than they spend.

If they also have a large stockpile of cash, they have more choices for growth.

They can invest in new products or acquire new businesses.

They can comfortably pay smart investors to own their stock, and they can weather any financial storm.

That’s one of the reasons I love Apple.

At the end of 2019, Apple had $107 billion sitting in cash.

This shows me they can pay a dividend in any economic climate.

Last year’s bear market eroded more than half of Apple’s cash stockpile.

Which means Apple still has more than two years of operating expenses in savings. That’s an incredibly strong position for any company.

Rule #4: A bulletproof competitive advantage

The only companies worth holding for 10, 20, 30 years or longer have a strong competitive advantage.

Such as being the most recognized brand in a growing industry.

Like Netflix for movie streaming, Apple for smartphones, Tesla for electric cars, and Airbnb for vacation rentals.

These are fiercely competitive industries. Yet one company gets an easier ride because of its brand reputation.

Just look at Tesla for electric vehicles.

How much does Tesla spend on advertising?

Zero!

How much does GM spend on advertising?

$2.7 BILLION!

Just in America in 2021.

Ford spends a whopping $3.1 BILLION per year on advertising.

Chrysler (now Stellantis) spends $1.9 BILLION a year on advertising.

The more bulletproof the competitive advantage, the greater the long-term investment potential.

There’s one D-class stock that I’ve already held for 29 years. It still has a bulletproof competitive advantage.

That’s why I plan to hold it for another three decades.

Rule #5: Golden opportunities trading at a discount

Great companies aren’t great investments if you buy them at the wrong price.

Your trading account shows you the price of every stock you can buy.

But it doesn’t show you the value of any of them.

We all like to think we are smart enough to see the value of something.

For example, we assume that a $17 million baseball player is more valuable to the team than a $500,000 one.

But our assumptions are often wrong.

Chris Davis’ salary for the Baltimore Orioles in 2019 was $17 million. Yet in 522 at-bats, Davis only managed a batting average of .168.

Cody Bellinger, on the other hand, earned just $605,000 from the Los Angeles Dodgers in 2019. Yet he managed to hit .305 with 47 home runs and 115 RBIs on his way to the National League MVP Award.

Which player was the better investment?

Even if their batting average were the same, Bellinger would still be the better investment because you’re buying runs, and wins, at a bargain.

As an investor, I’m looking for warhorse companies trading at a bargain price.

The main reason companies sell for less than their true value is bad news and fear.

That’s why I recommended Visa in 2011.

Legislation had torpedoed the stock and it was trading for an outrageous bargain.

But a rock-bottom price was not the only reason I recommended Visa.

Visa is one of the few companies to score a green light on all 18 checks in my stock screening process.

Visa first caught my attention because of its safe, secure, and highly profitable business model.

Visa is only a middleman in credit and debit card transactions, which means it takes zero credit risk.

So, it looked like a legal way to print money . . .

Until July 2010, when the Dodd-Frank Wall Street Reform and Consumer Protection Act allowed the government to restrict debit card processing fees.

The Fed proposed a 75% fee reduction and Visa’s stock tumbled -30%.

As the world’s largest issuer of debit cards, I knew Visa had a service that couldn’t be copied.

In other words, Visa had a bulletproof competitive advantage.

Visa had a plan to expand into emerging markets.

So I was confident earnings would grow for a decade or more.

That’s why I recommended Visa at a split-adjusted $17 per share.

Since my recommendation, the share price has soared 1,327%.

That turns a $10,000 stake into a $140,000 windfall.

But that’s not all.

Visa pays a healthy dividend. It has increased its dividend payments every year since its IPO in 2008.

So, in addition to the $140,000 capital gains windfall . . .

A $10,000 investment in Visa would have put $1,828 cash in your pocket.

Another company to score a green light on all 18 checks in my stock screening system was biotech firm Gilead Sciences.

Back in 2010, the biotech industry was taking a beating.

Wall Street was dumping companies that weren’t growing at 20% or more per year.

Gilead Sciences had the most effective and highest-selling hepatitis C drug in the world — a huge competitive advantage.

They had a pristine balance sheet with almost $5 per share in cash and less than 15% long-term debt.

That’s like an individual having $400,000 in savings and just $50,000 left to pay on their mortgage, with no other debts.

And Gilead Sciences had a price-to-earnings ratio of just 8.7%.

Most other biotechs had a P/E ratio between 20 and 50!

So, a P/E of 8.7% is a screaming bargain.

I wasn’t the only one to believe the stock was undervalued.

Gilead Sciences’ management was so confident its stock was undervalued that it planned to buy up as many shares as possible.

Look what happened next . . .

The stock ran up from $17 to $118 a share.

That’s a 330% gain in less than five years.

When the share price pulled back, I recommended Gilead again.

Because the company kept growing earnings.

It STILL had the world’s best-selling and most effective hepatitis C drug.

It was developing an HIV product portfolio.

And pumped out $13.5 billion a year in cash flow.

So they could afford to pay a healthy — and growing — dividend.

When Gilead’s share price ran up in 2020, I recommended selling to make room in our portfolio for a better play.

My job is to make my subscribers’ retirement savings work as hard for them as possible.

Today, I’d like to do the same for you.

Before the Fed bursts the bubbles in stocks, bonds, and real estate.

And destroys FOUR TIMES MORE WEALTH than the 2008 financial crisis.

The first step to protecting your wealth is building a portfolio of D-class stocks that give you a dependable income for life.

That’s why I’d like to rush you a copy of my new report . . .

Dependable Income for Life

Dependable Income for Life gives you a full write-up on three warhorse companies with huge long-term profit potential.

The first company is a biotech warhorse with more than a decade of consistent dividend payments.

The Biotech Warhorse

Its drug portfolio includes the world’s best-selling rheumatoid arthritis medication.

A depression drug with global sales of $1.46 billion.

In December, its depression drug received approval for the biggest drug market in the world — America.

But that’s not all.

This company is developing two cancer medications and a Botox treatment.

Last year, this biotech warhorse outpaced the healthcare sector, gaining 19.37%.

So, in a year when the Dow dropped -8.8%, the S&P 500 fell -19.4%, and the Nasdaq plummeted -33.1% . . .

This biotech warhorse made a 19.35% profit.

That’s why it can pay a healthy 3.64% dividend.

The second company to build a Dependable Income for Life is . . .

The Entertainment Warhorse

This 110-year-old entertainment warhorse continues to innovate and expand its global empire.

Last year, it took a giant bite out of Netflix and Disney’s dominance of the movie streaming market. A move I expected to send its share price soaring.

Wall Street ignored this innovation, and the bear market steamrolled the share price.

That’s when Warren Buffett scooped up 15% of the company for just $2.6 billion.

When Buffett’s initial stake didn’t attract a tidal wave of Wall Street investors . . .

He bagged another 5% of the company for $1.7 billion.

The world’s greatest value investor wouldn’t pump $4.6 billion into a company just because it’s trading for a rock-bottom price.

Buffett sees massive long-term potential in this entertainment warhorse.

I first recommended this company back in 2019.

Every year, it pays my subscribers a healthy 5.69% dividend. A $10,000 investment will hand you an annual cash payment of $3,368.

Right now, this golden opportunity is trading at a jaw-dropping discount.

Investing in this entertainment warhorse right now is like buying a brand-new car for 50% off and getting FREE gasoline for 10,000 miles every year you own the car.

If you got a deal like that, how long would you keep the car?

Now let me tell you about the third company to build a Dependable Income for Life.

The Recession-Proof Warhorse

We buy many products regardless of what’s happening in the economy.

Such as toothpaste, toilet paper, and washing detergent.

We know there are cheaper alternatives to the brands we use now, but we aren’t likely to switch anytime soon.

Similarly, there are recession-proof habits such as our morning Starbucks.

Many places sell cheaper and possibly better coffee . . . but Starbucks is a tough habit to break.

It’s the same situation with this recession-proof recommendation.

The company makes an affordable product with huge profit margins.

Has lifelong global fans as customers.

And a consistent income — even in tough economic times.

Last year, it beat Wall Street’s net revenue expectations by more than $1 billion.

Global sales rose by 3%.

Impressive growth for an established brand.

This recession-proof warhorse continues to innovate. Already winning a 20% share in the future of this category.

And with a juicy 5% dividend yield . . .

You’ll enjoy a regular cash income and strong capital growth for decades to come.

When you hold these three warhorse stocks in your portfolio, you’ll enjoy a monthly income just like a salary.

And you’ll receive that monthly cash payment without selling a single share in both bull and bear markets.

In a moment, I’ll show you how you can get a free copy of Dependable Income for Life.

First, I’d like to tell you about . . .

The World’s Greatest Dividend
Stock — and how I used it to turn $8,000 into more than $7 million!

In 1994, I put my ENTIRE IRA into one company. That’s how confident I was, and still am, about its long-term profit potential.

Every year, for the last 29 years, this stock has put cash in my pocket.

When I didn’t need the extra cash, I bought more shares.

Today, this company pays me $9,440 a year.

That’s a bigger cash payment than my initial investment.

A cash payment I receive every year — without selling a single share.

That’s why I call it The World’s Greatest Dividend Stock.

Did I get lucky for 29 straight years?

Wharton professor Jeremy Siegel studied this company’s returns from 1925 to 2007. Then he compared their return to the S&P 500 over the same 82-year period.

The average annual returns for The World’s Greatest Dividend Stock (when considering reinvested dividends) exceeded 17% a year — making it the No. 1 stock in Siegel’s study.

In the 50 years from 1957 to 2007, a $10,000 investment in the S&P 500 (with dividends reinvested) would have grown to $1.4 million.

The same $10,000 in The World’s Greatest Dividend Stock would have skyrocketed to a $46.2 million fortune.

That’s the difference between a comfortable retirement and a legacy you can pass on to your kids and grandkids.

Today, this company pays a strong 8.23% dividend. That turns a $10,000 investment into a $1,744 annual income.

After raising its dividend 57 times in the past 53 years. I’m 100% confident your annual income from The World’s Greatest Dividend Stock will continue to grow every year — for decades to come.

The company can afford to pay such high dividends because it makes an affordable product with high margins.

In fact, the product costs just 26 cents to make.

And they sell it for an average of $8 in America.

Apple is an amazing, profitable company. Yet Apple would kill for profit margins that big on any of their products.

That’s why this company has massive free cash flow, a high return on equity, and the ability to generate profits in good and bad economic times alike.

But that’s not all.

The taxes raised from the sale of their products makes The World’s Greatest Dividend Stock a virtual partner with the government.

If sales stopped tomorrow . . .

It’s estimated that personal income tax would almost double to make up the shortfall.

It’s not oil. It’s not marijuana. It’s not alcohol. It’s not prescription drugs.

I’ll give you all the details, including the stock name, ticker, and “buy up to” price, in my new report, The World’s Greatest Dividend Stock.

I’d like to give you a free copy of my new report.

In a moment, I’ll explain why. First, let me show you how to . . .

Recession-Proof Your Portfolio

Low interest rates and cheap debt encourages wild speculation.

So, businesses with nothing more than a good story can flourish as speculators pile into the next big idea.

As the Fed raises interest rates . . .

Unprofitable companies fail when they can’t raise more capital.

That’s why the bubble bursts.

This Nasdaq chart shows what a bubble looks like . . .

As you can see, the Nasdaq soared eight times higher in a decade.

This was the era of the dot-com boom, when raising finance for a new idea was as simple as adding dot-com to your name.

You may remember Pets.com, Boo.com, and eToys.com.

Money flooded into the promise of the internet.

But when interest rates started to rise, investors realized these businesses had no plan for profitability. So, the bubble burst.

The fallout affected tech giants such as Apple, which saw its share price plummet to a split-adjusted $0.29.

And Amazon, which fell to just $0.32.

As you know, early investors in Apple and Amazon who held during the dot-com bloodbath made a fortune.

But it’s not the same story for every survivor from that era.

Twenty-three years later, Cisco’s share price still has not rebounded.

It’s the same story with the world’s largest computer and server chip maker, Intel.

In my new report, Recession-Proof Your Portfolio, I’ll reveal four ways to protect and grow your wealth in the Fed-induced market meltdown.

In good times and bad, people still need to eat. They need utilities in their home. And they need medicine and healthcare.

I’ve uncovered some of the most financially stable companies in the world, with essential products that people need in good times and bad.

In last year’s brutal bear market, one of these companies rocketed 30.5%, another soared 19.3%, and another climbed an impressive 13.37%.

But that’s not all.

These warhorse companies also paid a healthy dividend every quarter.

You can safely put your money in these companies today and enjoy stable profits and a juicy dividend for a decade or more.

But you must act now.

If you wait even a few days, it may be another two decades before your portfolio climbs back to today’s value.

Remember, when the dot-com bubble burst in February 2000 . . .

It took more than two years for the Nasdaq to plummet 78%.

And the Nasdaq took 18 years to get back to even.

That’s why I’m completely convinced the bottom is nowhere close to in.

As the Fed continues to raise interest rates . . .

We’re going to see stocks, bonds, and real estate values fall much farther.

Fed chair Powell recently told The Wall Street Journal, “It’s probably going to be bumpy.”

That’s Fed speak for — there’s a lot more pain to come.

And why I want to do more than simply send you three free reports and wish you the best.

As we enter a decade or longer of zero growth in the stock market, you’ll need a guide to help protect your wealth and your retirement dreams.

To help you build a portfolio of D-class stocks that pump out cash without selling a single share.

So you can retire without ever worrying about money, a bear market, or a recession.

I’m an ordinary guy who grew up without a dime yet figured out how to retire at just 42 years old without a big corporate salary.

In fact, I never earned more than a $100,000 salary before becoming a millionaire. Except for one lucky year.

For the last 30 years, I’ve bought companies that were selling below their intrinsic value.

In other words, I only bought golden opportunities when they were trading at a discount.

We’re about to see many great businesses trading at a discount because of fear.

That will create a unique investment opportunity for those that put in 100+ hours of research to calculate a company’s true value.

For the last 14 years, I’ve run a research service called The Dividend Machine.

It’s where I share all my best research, market predictions, and recommendations with a small group of readers.

So they can buy warhorse companies that pay you to own them when they are trading at a discount.

This allows my readers to build a stock portfolio that pumps out a monthly cash income.

A cash income that increases every year, regardless of what’s happening in the economy.

So they can live a comfortable retirement without ever worrying about money or a bear market.

And leave a huge legacy for their kids and grandkids.

The Dividend Machine is much more than a collection of stock recommendations.

It also helps you correctly allocate your hard-earned savings.

Because each stock recommendation comes with a portfolio allocation percentage.

For example, The World’s Greatest Dividend Stock has a 10% allocation in my Conservative Portfolio.

By giving you both a stock recommendation and an allocation percentage, I give you everything you need to build a balanced portfolio.

A balanced portfolio gives you smoother, safer, and greater gains through both bull and bear markets.

But that’s not all.

To keep you safe in a bear market and help you seize huge gains in a bull market . . .

I’ve created two model portfolios for you.

A Conservative Portfolio and an Aggressive Portfolio.

As the names suggest, my Conservative Portfolio is designed to set you up for safe, long-term investing success.

This is the portfolio that makes your investing boring so you can make your life exciting.

The Aggressive Portfolio allows you to swing for the fences . . .

With stock recommendations that could double, triple, or even quadruple your money in a year.

But the higher potential reward comes with more downside risk.

That’s why I recommend the Aggressive Portfolio be no more than 10% of your retirement savings.

That way you can swing for the fences and still sleep well at night.

For 12 years straight, my Conservative Portfolio delivered 23 out of 23 winners, with an average return of 24.8% annually.

Over the same time, the S&P 500 gained just 14.2% per year.

In 2022, the Conservative Portfolio was up around 10%, while the S&P 500 sank -19.4% and the Nasdaq tumbled -33.1%.

The top three dividend-paying stocks in my Conservative Portfolio will give you an 8.23%, 7.41%, and 5.69% dividend yield right now.

If you invest $10,000 into each of these three stocks . . .

You’ll earn an annual cash payment of $7,068 . . .

Without selling a single share.

And your dividend income will increase every year you hold the stocks, just like they have for the last four decades.

As a The Dividend Machine subscriber, I’ll send you a weekly update about the biggest moves in the market and how they affect our positions.

So you’ll know what each Fed meeting means for the economy, our portfolio, and any new potential opportunities.

Every other week, I record a private, members-only podcast about the Fed, the market, and our positions.

As you know, I’m a long-term value investor. So, if you miss one of these updates, it’s not going to make a difference to your cash income or capital gains.

But especially right now, as we enter the most difficult economic climate since the Great Depression . . .

I don’t want you to ever feel confused about what’s happening in the economy and how the Fed’s actions affect your Dividend Machine portfolio.

The best way to tell you more about The Dividend Machine is to share . . .

Over the last 14 years, I’ve helped hundreds of people just like John, Richard, and Dan to build a portfolio that pays them a dependable income for life.

Now, I’d like to show you how to do the same.

Build a Dependable Income for Life

I’d like to help you build a dependable income for life.

By recommending warhorse companies that pay you to own them when they are trading for outrageous bargains.

Just like buying a brand-new car at half price and getting FREE gasoline for 10,000 miles every year you own the car.

So you can retire on your terms.

Enjoy a lifetime free from money worries.

And leave a legacy that protects your kids and grandkids.

The regular price for a one-year subscription to The Dividend Machine is just $115 — making it one of the best bargains on or off Wall Street.

This way, anyone who wants to retire on their terms can afford my help.

However, if you’re one of the first 500 people to claim elite membership in The Dividend Machine I will authorize the biggest discount I’ve ever allowed on your Dividend Machine subscription.

I’m going to make you an offer that is too good to refuse.

Plus, I’m going to give you three special reports worth $597:

1. Dependable Income for Life — Three D-class stocks that together pay you a monthly income just like a salary — $199 Value
2. The World’s Greatest Dividend Stock — How I turned $8,000 into $7 million with ONE stock — $199 Value
3. Recession-Proof Your Portfolio — Four ways to protect and grow your wealth in the Fed-induced market meltdown — $199 Value

Over the next 12 months, you’ll also enjoy:

• 12 Trade Alerts a Year: With a full write-up on warhorse companies that pay you to own them when they are trading at a bargain.
• Conservative Model Portfolio: Designed to make your investments boring so you can make your life exciting. For 12 straight years this portfolio delivered 23 out of 23 winners, with an average return of 24.8% annually from 2009 to 2021.
• Aggressive Model Portfolio: This allows you to swing for the fences, with recommendations that could double or triple your money in the next 12 months.
• Private Website Access: This is how you can see, at any time, all the open recommendations; the price I recommended them at; the current price; the “buy up to” price; and the return so far. This also houses your library of special reports, monthly newsletters, and podcasts.
• Weekly Portfolio Updates: Email updates on the biggest moves in the market, how they affect our positions, and what I see coming over the horizon.
• Fortnightly Podcast: Giving you my frank and honest take on what’s happening in the market, what the Fed is likely to do next, and how their actions could impact our positions.

As a Dividend Machine subscriber, I’ll work with you for the next 12 months to help you build your own dividend machine that pays you a healthy cash income without selling a single share.

For the first 500 people that act today, you can start your Dividend Machine journey at an outrageous bargain . . .

A full 57% off the regular price . . . just $49.

And I’m taking all the risk because you’ve got a full 60 days to read my special reports . . .

To comb through every newsletter I’ve written since 2009 . . .

And listen to my podcast back catalog.

If, after seeing for yourself the quality of my research and recommendations in both my Conservative and Aggressive model portfolios, you aren’t convinced this service will give you a dependable income for life . . .

Just call my U.S.-based customer service team and they’ll give you a full refund. No hassles. No questions asked, and we’ll part as friends.

Plus . . .

You can keep all three free reports as a thank-you from me for giving this a try.

To start building your own dependable income for life, at no risk to you, just fill out the form below:

Yes, I Want to Build a Dependable Income for Life

If you believe that debts must be repaid and that you cannot pay your debt with more debt . . .

Then you know the government’s $31.4 trillion deficit will take life-changing sacrifices to repay.

Which means life as we know it is about to change in ways we’ve never seen before.

Will the Fed’s monetary policy pop the everything bubble, as billionaire investors Grantham, Dalio, and Druckenmiller are predicting?

Will Powell’s prediction that “It’s probably going to be bumpy” trigger a mild recession like in 2000, when it took the Dow 11 years to get back to even?

Will this be a more severe event like in 1966, when it took the Dow 17 years to bounce back?

Or will this be like the 1929 crash that took 25 years for investors to get their money back?

If you want to retire in the next decade, you can’t afford to sit and do nothing.

As we saw in the 1970s, in inflation-adjusted terms it took 25 years — or half a working life — for a typical portfolio to get back to even.

You don’t have to watch the Fed destroy your life savings, because you can take a risk-free trial of The Dividend Machine.

You can see for yourself how you can build a dependable income for life . . .

When you invest in warhorse companies that pay you to own them when they are trading at a discount.

That’s the simple reason why my Conservative Portfolio delivered 23 out of 23 winners for 12 years straight!

And outperformed the S&P 500 by more than 10% a year — since 2009.

This is not a flash-in-the-pan service that got lucky for a couple of years. I’ve been helping hard-working Americans to retire on their terms for more than a decade.

My Dividend Machine system has proven it pumps out a consistent cash income in both bull and bear markets.

To see for yourself how you can build a dependable income for life with the right portfolio of D-class stocks, just fill out the form below.

See you on the other side,

Bill Spetrino

Simply Fill Out the Form Below

YES! Send my three special bonus reports via email and start my introductory subscription to The Dividend Machine for one year (12 issues) for only $49 — that’s 57% off the regular price.

You are under absolutely NO obligation to continue with your subscription. Your subscription is 100% risk-free. And regardless of your decision — your reports along with any newsletter issues that you’ve received are yours to keep.

IMPORTANT NOTE: Sales tax included where applicable. Your subscription comes with a convenient automatic renewal. At the end of your subscription, we will notify you. If you want to keep the publication, do nothing and we will renew your subscription using your credit/debit card on file and charge you $114.95 for one year (12 issues) of The Dividend Machine. And then every year thereafter at the lowest renewal rates then in effect. There is no risk, you can cancel within the first six months for a full refund of the unused portion of your subscription.