We’ve had a great response so far to my email on Saturday. I’d say one of the best we’ve ever had!
In case you missed it, my colleague Tom has discovered an investment he believes could net you up to 233%.
Now, this figure is Tom’s forecast. And a forecast is just that — a forecast. It’s not a reliable indicator of future results. But I really think Tom could be onto something here. To see why, let’s take a look at the numbers.
The company in question is worth less than £100 million at today’s share price. Yet it’s recently discovered an oil resource worth more than $1.4 trillion at today’s oil price.
In pounds sterling, that’s over £700 billion — or more than SEVEN THOUSAND TIMES this firm’s market value.
Now, obviously there’s a lot of work to be done before the value of this oil can be turned into cold, hard cash. This isn’t a case of "Buy the share today, receive a cheque for 7,000 times your investment tomorrow".
The markets don’t work that way (if they did, this would already be priced in — and the share price would already be 7,000 times higher).
But you can see the profit potential here. Based on a realistic scenario, Tom reckons you could easily clear 233% on this investment.
If you’re looking for a share to bet your house on, this isn’t it. But if you’re looking for a share that could, single-handedly, give your portfolio a huge boost, then I urge you to read to Tom’s report, immediately.
Hearing this man out could be the shrewdest move you make today...
The $200 billion deal that no other investment service will tell you about
"So let me get this right. This is like the Humber Bridge, only much, much bigger?"
"If you want to put it like that, yes."
I was struggling to get my head round the concept. A bridge across an entire sea. I know it’s the Red Sea, and the Red Sea is relatively narrow. But still.
Manraaj didn’t mind. He’s got used to me playing catch-up when it comes to some of his ‘out there’ investment stories. It comes with the territory — Manraaj finds his investments in places most analysts don’t bother with. So he’s used to having some explaining to do...
But even for him, this one was pretty full on. A bridge over the sea, $200 billion and Osama bin Laden’s half brother!
"How do you propose to make money out of this?" I asked.
As ever, Manraaj was unruffled. He simply twirled his moustache, and presented the facts...
And it’s quite a story! Find out how this Arabian-African mega project could unleash a tide of wealth into a continent most investors neglect — and how you can position yourself to profit!
Wading through the gloom
Each day in the economy feels like we’re standing under a balloon that’s filling up with faeces. And any moment now some genius will pipe up:
"Hey, I’ve found a pin!" So I’ll keep this brief. Wading through the daily misery is something we do more out of duty than anything else, it seems. But we’re British... so we just get on with it...
Here, in bullet point form, is our medicine for today:
- The British Chambers of Commerce reckon conditions in the service sector are the worst since the early 1990s.
- As I mentioned yesterday, manufacturing output fell 0.5% in May. If you include utilities and North Sea oil, the figure is 0.8%.
- According to the Times "Economists said that manufacturing was probably already technically in recession" (they didn’t say who the economists were).
- Official figures out today show the average British house cost £218,151 in May. It cost slightly more — £218,875 — the month before
But it’s not all bad news today. Year-on-year, official figures show that, up to May, house prices rose in most of Britain. Though I’m not sure I’d really count that as good news — house prices are a lagging indicator. All these figures show are last year’s house price inflation...
Anything else to make us smile? Erm... the Council of Mortgage Lenders says lending for house purchases rose slightly in May, although remortgaging fell.
Oh, and Welsh exports rose in the first quarter. No I didn’t know they measured those either...
Erm... no that’s it. That really is the cheeriest news I can find.
I did try...
Until tomorrow
Ben Traynor
Today’s Daily Reckoning — Freddie and Fannie get a good shoeing
Americans came back from their Independence Day holiday...and found their Empire of Debt in worse shape than ever -- $1.6 trillion in potential losses from the credit crunch!
Freddie Mac and Fannie Mae are to America’s great empire what the East India Company was to the British Empire in the 19th century ...and the Louisiana Company was to France in the 18th. Huge, stupid, and probably fatal.
Freddie and Fannie are huge government-chartered mortgage lenders. In 18th century France, speculators bet on the riches of Louisiana, through the government-chartered Louisiana Company. In the 19th century, they wagered their money on the riches of India, through the government-chartered East India Company. And in the last 20th century, they gambled on rising housing prices through Fannie and Freddie.
You can read today’s Daily Reckoning in full HERE. P.S. If you enjoyed this article then we encourage you to sign up for the free Fleet Street Daily eletter. Learn what you can expect from today's markets -- and how to prosper in the face of uncertainty. You won't find more thought provoking writing anywhere on the Internet.
