Editor's Note: The message below from our friend Rob Spivey at Altimetry lays out – in full – one of the greatest secrets in all of investing. In fact, it's something our firm's founder spent years trying to show every reader – a way to make huge, low-risk gains outside the stock market, with all kinds of built-in advantages. This is the kind of work we're proud to pass along. And as you'll see, it lays out one of the most valuable ideas in all of finance in detail, without you needing to spend a single penny. We highly recommend you read it over in full... A Unicorn of InvestingRob Spivey here, director of research at Altimetry. I've made a lot of money investing in stocks. And I've shown thousands of our readers how to do the same. But I'd be quite happy if I could put myself out of business forever as a stock analyst – because I've spent 15-plus years doing something I consider better in nearly every way. It's more straightforward... more dependable... and I'm completely certain it's going to crush the returns of stocks over the next few years (at least). And I'm completely serious when I tell you: I think it's far better for your mental health and sense of well-being, too. (By the end of this video, you'll not only understand why, but probably be rushing to tell your friends and relatives.) In this message, I'm going to explain why... You see, over the next few years, a massive crisis is going to unfold in America's credit markets. Don't let the fancy terminology throw you – "credit" and "debt" are the same thing. It just means borrowed money, and our economy and country grind to a halt without it. This credit crisis has been brewing for years – fueled by reckless borrowing and near-zero interest rates... and accelerated by the tidal wave of borrowing to keep households and businesses afloat during COVID. It could cause a massive, 2008-like panic across the U.S. economy. My Altimetry co-founder Joel Litman (who correctly called 2008 in advance) and I lay out all the proof here. And like 2008, when it happens, it will happen very quickly – popping the bubble of today's "can't lose" bullish sentiment. This collapse could lead to widespread corporate bankruptcies, as companies are unable to either pay or refinance their massive debts at today's much higher interest rates. Many companies that don't go bankrupt could see their earnings wiped out by interest expenses, and their stocks will plummet. Stocks could fall across the board. During this time, bonds may be – by far – the No. 1 best investment in the world. Please, don't let that word scare you away. I'm not talking about Treasury bonds, or "bond" mutual funds, or ETFs. I'm talking about individual corporate bonds – debt issued by nearly every company in America – which you can buy and sell in your standard brokerage account the same way as stocks. And which, during this crisis, I expect you'll be able to buy for as little as 50 cents on the dollar. Sometimes less. The result is the chance to double your money (or more) while also collecting an annual income yield that could be 10%, 15%... even 20% or more along the way. This is the strategy I'm stepping forward with today in our firm's first new research letter in more than three years, called Credit Cashflow Investor. It's a way of investing that has so many built-in advantages that many folks who try it never want to go back to anything else – in any type of market. Bonds are very different from stocks. They're a form of debt and a legally binding contract. They represent a legal obligation for the company that issued them to pay you the full value of the bond (usually $1,000) plus interest.The company can't change the payment terms... interest... or payout dates without breaking the contract – and having to make the situation right in court.In the (rare) case that something "goes wrong," it's called a "default" – and your debt is typically backed by all the company's assets, like its merchandise and real estate. But Joel and I have never recommended a bond that defaulted.There are so many more advantages that I simply can't name in this note... I explain much more in this brand-new presentation. The part I like best is that bond math is simple. It's like a pass-fail test in school. When you own a bond, you only care about one question: Can the company pay its debt? You don't have to care about the company's long-term prospects... its new products... its race with competitors – any of that. You don't have to care what happens to its stock at all. Or to the stock market in general. Which is a pretty great way to feel in a market crisis. Stock analysis can be like "11-dimensional chess." Even in the best conditions, it's a complicated analysis of what share price is a reasonable reflection of a company's future profits, years from now, and how individual investors feel about that. But again, on the contrary, bond analysis is just simple math. Can the company pay us? Even if we make conservative assumptions? Even if the market falls or real estate prices fall or fewer customers walk through its doors? Does it have the money to cover its legally owed debts no matter what? If it does, bond "nerds" like me call it "money-good." We only want to buy bonds that we're sure are money-good. And at Altimetry, we have the tools to know that with near certainty. To know that the bonds we recommend are "money-good" – beyond the shadow of a reasonable doubt – even with very, very conservative assumptions. When you can do that, guess what? You have a unicorn of investing. Because at that point... a bond is like a stock whose future price you know for certain. That's why many of the smartest investors in the world do this one type of investing – and nothing else – in every type of market. But in the next few years, it will become not just good – but extraordinary – thanks to the "fire sale" opportunities we'll see in the credit crisis. I've just taught you (nearly) everything you need to know about one of the greatest secrets in all of finance – which is also my No. 1 favorite strategy on Earth. And which I've spent most of the last 15 years of my professional life mastering. Now, I'm inviting you to join me... At least today, you can still get full details on the strategy and Charter Membership right here. Regards, Rob Spivey Director of Research, Altimetry |