| Dear The 10th Man Reader, Today’s public service announcement: It’s always good to have cash. Just because the interest rate you get in a bank account is miniscule, it doesn’t mean you have to be fully invested. There’s nothing worse than being fully invested on the highs, because you’ve got nothing to work with when the downturn comes (and it’s coming). Cash is an option to buy something cheaper in the future. Make sure you have some. That piece of advice is free—like I said, I consider it a PSA. Most of my best advice isn’t free, but it’s there waiting for you for less than $17 a month. Street Freak is locked and loaded for the downturn. And if you’d joined Street Freak at the start, you could have put your cash to work on contrarian, high-conviction trades and landed: | a 12.94% return on a stock that was “relentlessly pummelled” the previous year due to its long-term problems | | a 52.11% return on a “very distressed equity” | | a 41.78% return on an “ugly company” | | a 57.7% return on HSBC... |
There’s still plenty more to play for. So finally, this email is also a brief reminder that you can take a 33% discount on Street Freak, but only through August 3. I suggest you take advantage of this offer and just cancel for a full refund if you don’t like what you see. You have 48 hours left to give it a try, and then 90 days to get a full refund—which covers three full Street Freak issues, as well as the archive and the portfolio. Regards,
Jared Dillian
Editor, The 10th Man
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