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What subscribers are saying about Bonner Private Research
In their own words, our subscribers say what they think about our service.
I subscribe to a healthy number of investment services and newsletters and Bonner Private Research (BPR) is the only one that I never miss and almost always read on the day of its release. The research and commentary is always timely, thoughtful and entertaining and has become an invaluable source of market data that I use to help shape my investment decisions.
What I get from BPR that I have not found in any other services is opinion/advice based on very solid foundational principles that are easy to understand and do not change with the ebbs and flows of the markets. There are no promises of riches or urgent calls to action that are so prevalent in the industry.
Nope, BPR is just a very smart group of lifelong market watchers that will tell you what they see coming (and why) and how best to benefit from what they see coming. Absolutely elegant in its simplicity and in the 15 months that I have been a BPR subscriber they have also been absolutely dead nuts right on just about everything.
I could not recommend the service more highly.
I have more subscriptions than I'd care to admit. Yours is number one in my book. Why?
You guys look at the big picture. I appreciate that. Having the overall framework is very helpful. It has taken me a while to adapt my investments to this framework. But the big picture view is the most valuable aspect of the service.
It is also a big bonus that you are very entertaining writers.
I became aware of Bill Bonner years ago via my subscription to Stansberry Research publications. Bill gave Porter his start in this business and it was easy to tell that Porter had the utmost respect for Bill Bonner. Bill, Dan Denning and Tom Dyson write an excellent newsletter and clearly spell out what the real cause and likely effect of irresponsible money printing and the government fiscal and in general inefficient structure that costs the average citizen dearly financially and perhaps more importantly in their overall ability to live a productive happy life. These three gentlemen will provide you valuable guidance to help you understand and navigate the current and coming turmoil.
I have subscriptions to a bit more investment research than I can fully read. BPR is my most recent and my favorite. It is the only one that I read every word. I have lifetime subscriptions, but if I were forced to cut down, BPR would be a survivor. And if I had to cut to one macro-focused letter, BPR would be it.
Paid Subscriber James W.
I am a long time reader and I find their advice to be very accurate. Their trade of the decade was a home run!
I am a senior citizen and widow who was very tired of sound bite journalism and hyped recommendations. I wanted to understand our economic situation with intelligent recommendations for that environment. I found both with Bonner Research. I am very appreciative of the effort you put into your work and the quality of your service. Thank you for helping me to understand the economic situation and for the recommendations to navigate through a difficult time of history. My children will thank you too, if I can financially come through this relatively unscathed.
What I like about BPR - they speak common sense.
As a charter subscriber to Bonner Private Research I knew what I was getting into. I was an “International Living” subscriber and I’ve read Bill Bonner’s diary since the beginning. In Bonner Private Research Bill reports from his residences around the world, providing an incredibly readable and sardonic background overview of what’s going on in politics and economics. Tom Dyson, Investment Director, provides specific, detailed investment advice you can follow to protect your assets and execute risk-averse speculations in today’s churning market.
Far from the madding crowd, partners Dan Denning in Wyoming and Joel Bowman in Buenos Aires can and do provide longer-range perspectives on trends and events in the world that I want to know about. You will sometimes hear from more than one of them in a single letter, providing different perspectives on the same topic.
For me, the biggest difference between Bonner Private research and other financial newsletters I’ve subscribed to is the very personal tone of the writing. Communications from Bonner Private Research (the newsletters and video reports) feel like they’re from a long-time friend with investment advice and political commentary along with some personal “small talk” about what’s going on in their lives and in their part of the world. Webinars provide more opportunities for personal communications.
Lastly, the Bonner Private Research website provides subscribers with a large resource of valuable investment information and reports.
I subscribe to Bonner Private Resource because the information they provide me gives me the peace of mind that comes from knowing that my investment decisions are based on a rational world-view strategy.
Like most of your subscribers I follow you gentlemen to hopefully increase my woefully lacking financial knowledge. However a second blessing has been the wit, humor and writing of Bill. It has become a bright spot in my day. Last week’s article ‘Are We “Too Negative’ has to be a classic. It caused an out loud guffaw and I almost fell out of my chair laughing. Continue the fantastic work of providing valuable insightful knowledge in a form palatable to everyone (including laymen).
Here are a few of my thoughts about your service:
Like many, I have been reading Bill Bonner for quite a few years, and I'm sure we feel like we know him pretty well; the other side of this is that he has earned a high degree of trust regarding his opinions and outlook. As for the present makeup of Bonner private research, it resonates with me a great deal more than the numerous other services that become tiresome with the urgent promotional hooks they're always throwing out.
In 2012, my wife and I drove a rented little Chevy from Buenos Aires to Cafayate, Salta, and Jujuy, and then as far as the Colome vineyard and saw the Terrell light exhibit. It was terrific, and probably something we would only do once. If Bill's finca is even farther up the road than Colome, then all I can say is I hope their seats have good padding!
So, I plan on staying on board with BPR, and I put high value on the insights and recommendations that all of you give to us.
Just to say hello I find all of your work very entertaining, also I’ve been following you since the times when you weren’t on Substack and even before, being a citizen of my country ( Argentina) I also find your experiences here very interesting since it’s been many years of reading your comments I consider you as a friend.
I subscribe to BPR from Australia and have done so for about the last 6 months - love reading everything you and the team have to say! I am keen to invest in some of your shipping recommendations, however would like to consider FX risk before investing. It might be a long shot as I'm sure you have an international following investing with many different currencies but if it is within your remit and / or skillset to provide a view on USD vs AUD over the short to medium term and the impact this is likely to have on your recommendations it would be very much appreciated.
I subscribe to a few different newsletters and I take a little bit from each of them, but I consistently find the BPR content to be insightful, thought provoking, refreshing and different.
What I particularly like about Tom Dyson’s approach and strategy could be summed up as [cue a wry smile] ‘The Courage Not To Act’.
In a world where everybody is telling me to ‘do something!’ I find it quite enjoyable that Tom’s approach is – try not to do much, sit on your hands, and if you want to get involved - focus on the big, long-term trend (trade of the decade) that will likely stay intact while markets bounce up and down in our new land of inflation volatility.
I also like the idea of just topping up in gold. An opt out from the financial system. Little and often. But again, simple advice and focusing on a long term trend.
That’s simple advice I can follow.
There’s very few other newsletters that tell me to (mostly) do nothing. Thanks for having the courage not to act.
The blend of deep value ideas, cash secured puts, writing covered calls works for me perfectly too. Again, if there’s nothing compelling – it’s a no…..and that’s just fine.
Thanks again for all your work.
What I like about Bonner Private Research.
I read everything from BPR because it is interesting and entertaining. I love the personal anecdotes, especially farming. The most valuable thing I have learned is the Dow/Gold ratio. The majority of my assets are land, and gold & silver in my possession. I am primarily interested in the very high level perspective of what is happening financially.
I always laugh at the people frustrated that gold and silver have not provided high returns in the past couple years. I love the low prices because I am accumulating as much as I can! I am in my peak earning years and am able to ‘save’ half of my income.
Keep it coming!
I'm sure I've spent well over $100,000 in subscriptions trying to figure what NOT to do. Prior to Bonner Private Research I kept asking myself "why isn't there someone who knows the true mechanics of the US financial system". Your information and analysis is easy to read and understand. Due to Bonner I feel confident that when the crash comes, I'll be able to walk away with BOTH Cheeks! Your work is an absolute MUST. Thank you.
Hi Tom -
Thanks for keeping me out of big trouble in the markets!
I'm one of those folks you refer to as long time sufferers. Ten years or better for me. Your work has changed my outlook for the better.
It's hard when you see more clearly what's really going on, and lack the denial mechanism to minimize it in your mind. Of course you will seem negative bringing the reality of the situation to light. Just between you and I, it does show in your tone when you are properly hedged and have been expecting it for a long time. Actually, predicting it. I wouldn't call it gloating, but a subtle undertone that resembles gloating. I get it and respect and admire your work. I also respect the business accomplishment, and your obvious high regard for capitalism.
When people ask, "what does Bill Bonner stand for", I reply free markets and undiluted capitalism. There's obviously more to it than that, (social and family values), but to keep it concise that's my best guess. When I read today's piece I realized that I hadn't commented in some time.
Be well and keep up the good work,
My Best to you and the Team,
Just wanted to add my BPR feedback to your list.
I've worked with Bill, Dan, and Tom at various stages of my Agora / MarketWise career. I've been a big fan of all three's writing and thinking in that time...
So when BPR came out with all of you working together, I had to subscribe.
Although I've been in the newsletter business a long time, and I read a ton of them, the only two letters I use for my own personal investing are BPR and Chris Weber. I've done quite well listening to BPR to date, and the previous Bonner letters before that (I still hold a couple of Tom's old 12% Letter recommendations too.)
Love BPR and the daily / weekly publishing model -- it's my only "must read." Thanks for your intelligent and entertaining commentary. I have zero market worries because of it.
I’ve been following your work since you first set out on that big worldwide adventure with your family. Always interesting and informative.
Bill’s daily missives are the first thing I look for in my email. His perspectives and humor always seem to brighten my day - even if they sometimes cause a bit of temporary worry and depression. I also enjoy Joel and Dan. Both are blessed with similar wit and insight as Bill.
As for where and how to invest, I love that you focus a just a very few great ideas. Every other investment newsletter I have ever followed, pretty much without fail, spews at least one or more new investment “ideas" per month. At the end of the day, they generally wind up averaging returns about the same an index ETF. One can throw darts at a reasonably curated list of investment options and do as well or better. I know, because I’ve run a couple of random-picks trials that handily beat the major index ETFs. And I can throw darts while sipping a cocktail or two.
Keep up the good work!
I am reaching 70 without a huge Investment pool, but feel the need to dive in as merely holding "savings" is a losing hand.
There are many Investment Advisers whom I would never touch. Let's call them the "Jim Cramer Syndrome." All flash but once the flare is lit,it soon dwindles back into intellectual darkness:), and rarely are the poor decisions remembered as the hype machines overwhelm . There is also a "herd mentality" in cultures,that allows a comfort zone that excuses mistakes as merely " The consensus felt it was transitory and now I realize I was mistaken" (but it was not really my fault because I blame the "consensus":)
So that brings us to you and the rest of the crew. I have multiple levels of genuine intellectual appreciation.
1) The daily dialog with the audience (me) as if we are driving in a car and I am listening to your ruminations on politics, economics, the benign ways that people can find happiness despite the challenges around them.
2) Your economic grounding ( seems to be Austrian based) and free market understanding that provides a foundation by which to judge events. (The way things are not the utopianism in our ruling class.)
3) The focus on Capital Preservation (when a storm is coming, bring your boat in and read a good book, you can fish later), The option of 40 acres and a mule is not accessible for many, and if that is the case then there needs to be a universally accepted store of value. Gold and Silver have been that and your emphasis on keeping as a store , provides some comfort in your rational thought process.
4) Your attention to facts, you constantly provide the background to show why things are the way they are (One must pay the piper),
5) Finally I think it is impossible for the average yokel (me) to truly know the actual health of most companies, and how easy it would be to look at the glamor and glitter of what caused a company to rise without realizing that the "founders' are gone, the borrowing has increased, the "what once was a near monopoly tech innovation', is now a common value shared by everyone, etc. dilemma. Your efforts to (forgive me) "think outside the box" allows for some investment opportunities that the herd has just missed due to them wallowing in their comfort zone.
Thanks for everything.
Hi Tom -
[Here are some] of the things I appreciate about your service (I had followed you for years and wondered where you were, and was so happy when you popped up again on my radar with Bonner);. 1. I so appreciate that BPR doesn't promote any of the various services which try to entice you in with misleading headlines,while only trying to sell their service; 2. Each of your postings are valuable, and I read everything BPR publishes; 3. I love the humor Joel displays while still getting his ideas across. 4. I don't always agree with Bill, but I read everything he writes and I appreciate his humor also, If we all thought the same on everything, it would be a boring world. It is a joy to see his pictures and follow his travels and the repairs, upgrades he does. 5. The guests' videos are great; 6.Dan works hard and he is very talented although it is above my head sometimes, which is OK. I trust the advice from all of you and that is huge; 7. It is amazing to see all the talent between you and the time and effort put in by each one of you; It is rare to find a group that works so hard for the benefit of others and your membership cost is not to be believed!! (I have only a modest amount to invest but I am invested in all your recommendations)Thank you, each one. Irene Stewart
Tom: I’m delighted to say I agree 100% with BPR’s investment thesis and strategy. I believe we’re in agreement that capital preservation is our number one goal. Glad you're focused on keeping a steady hand on the wheel. Well done! You, Dan, Bill and Joel are doing a great job! Thank you!
I am very happy to have found this newsletter and with the service that the guys provide.
Both the daily missives from Bill and Joel, and the paid research from Dan and Tom.
I subscribe to a few financial newsletters, but this is by far my favourite. I read the research right away when it hits my inbox, I have learned a lot from Dan & Tom, & some of the stock picks have been superb, such as REDACTED – up 200%. Bill and Joel’s essays are witty and entertaining, as they put the world to rights, I very much enjoy reading them.
So I am a very happy customer and would highly recommend subscribing.
Keep up the great work gents.
As a subscriber from the early stages of this platform, I want to express my gratitude for your well rounded work. As a longtime business owner, I am interested in more than just the latest thoughts on the markets, and the Bonner Team does a great job of adjusting the microscope from high level (big picture) to useful tactical details on what we can consider doing to adjust to the latest trends. I have subscribed to many newsletters over the years, and Bonner has been a cut above the rest. Keep up the good work.
I am amazed that in this currently deflating market all your positions are in the black!
Kudos Tom! Yes Tom, I have made many times the investment letter cost since the beginning!
Well, there's a lot to like, such as a consistent and clear focus on protecting wealth instead of growing it (for now), and of course Bill's always-entertaining essays on the world's faults and foibles. BTW, is it worth $99/year to have Tom tell me to sit on my hands? Yes, it is!
That's just another flavor of Teeka's "let the game come to you", or of Marin Katusa's "alligator investing" over at KRO, and I'm all for it no matter what you call it. Or look at Warren Buffett: he makes very few buy/sell decisions in an entire year, but nobody accuses him of slacking off.
However, my *favorite* thing is that you don't do cross-marketing. I subscribe to several other Agora publications, and as a result my inbox is always overflowing with "Your portfolio could be destroyed at 4:32 PM on Tuesday" and "Here's something shocking from our colleagues at XYZ" -- none of it actually actionable, and nearly always a pitch for something I either already have or don't want. Agora has gradually trained me to delete those without even reading them, and just focus on whatever is published on the actual websites. Bonner Private Research is a refreshing change from that: pretty much everything you send me is worth reading.
- Mike K.
Logical explanations, common sense and easily understood rhetoric. Thank you all. Especially the common sense.
I think you are putting our best interest first. I appreciate that you treat us how you would like to be treated and there are not all these advertisements included.
This is one of several services that I read daily, or whenever it comes out. My nature in investing is vastly more aggressive than yours, so I don't engage in your suggested portfolio, but it's a great grounding for my overall view. I've been reading Bill's articles for years, and greatly appreciate his insight. His Win/Win/Lose book is one that I refer others to. It makes a lot of sense. Joel has become my favorite of your group. His writing is very funny, while also being sophisticated. I also enjoy his podcasts with guests.
Lastly, the price is right. I tend to lose interest in high cost services, as most don't provide enough return to keep me coming back. I'm looking forward to the economy eventually turning around, and watching how your advise changes.
You’ve all been doom-and-gloom sayers for quite a while even as the markets kept going up, and while almost all the other letters have been uncompromisingly bullish. What I find most useful about your publication is that it helps keep me grounded so my enthusiasm for the stories I get in the other newsletters doesn’t lead me to do too many stupid things, as my feeling for more than a decade now, has been that all the money printing and borrowing to enable profligate spending is going to have a very bad outcome. You’ve helped keep me focused on the end game instead of the play-by-play.
I have always enjoyed reading Bill and Tom's writings (and now Dan's and Joel's). While I do subscribe to many newsletters, I always appreciate their "no holds barred" commentary and non partisan insights. One of my portfolios in heavily allocated to precious metals and commodities and I have followed Tom's recommendations on shipping stocks for the past two years and done well. Two of my other portfolios are heavily invested in short term treasuries right now. I would highly recommend their research and insight to anyone.
I find your analysis educational more than financial reco’s…. I have no capital to invest as I have everything tied up in multi-family apartment buildings along with being leveraged in these properties. They form my income and I manage some of them myself.
Sometimes it’s all gloom & doom between you, Dan and Bill, but in a good way…I’m glad I discovered Bill’s writing and saw him speak at those conferences back then in my home town in Vancouver.
One day we will probably sell these buildings and who knows, hopefully I can take advantage of your picks.
I miss your family updates… I spent most of 2022 in Europe as I am dual citizen….Europe does tug at my heart. My 95 year old father moved back to the old country after 60 years living on Vancouver Island …I am on the Island now managing 2 of our apartments buildings way up at the north end…maybe you have been here as WFP has a large operation located here.
You wanted a message…and you got one!
Hi BPR Team,
I cannot say how much I’ve appreciated your work over the past year or so. I learned of the newsletter from a dear family friend whom I have much respect.
To give you context, I am 25 years old young in my career with a keep interest of investing and world events.
I look forward to reading your research writings every week. It’s the best part of my day.
i have profited well from the stock ideas and also feel very confident following along in the recommended asset allocation. The Trade of the Decade has opened my eyes to the oil & gas industry significantly over the past year.
One of my wishes or recommendations would be to put more focus on the real estate market. I am very excited to start investing in real estate myself and am always keen to hear what your team has to say on the current market conditions.
You definitely have a subscriber for life here. Cheers to many years to come!
Hi Tom and Dan,
Thanks for your perspective on the markets in general. I read these with great interest.
Writing from the position of a retired, unsophisticated (Australian) investor and permabear, I like to invest in stuff that I can see. Industrial real estate, farmland Australian shares. Investment’s outside Aus are a bit out of my area. Currently I don’t need an income stream from new investments. Just a home for a bit of unallocated cash, so that it maintains its value.
Do you have any comments or ideas that would help in the land of Oz? There has been some recent talk of an 18 year real estate cycle. I take that with a grain or two of salt. Do you have any comments?
I also really enjoy reading Bill’s yarns!
P.S. I hope Dan’s vegetable growing efforts in Laramie are bearing fruit.
Hi Tom/ Dan/ Bill
I have been a long term follower since Daily Reckoning first started and then into Agora. Bill "abandoned" Agora and then the offshoots followed, including Seven Figure Publishing, evolving into Paradigm and Omega Wealth Circle.
I became a Life-long Reserve member with Agora and fortunately the other subscriptions are still honoring their side of the deal, even though they are wanting to charge an annual maintenance fee!
Be that as it may, I joined Bill's BPR a bit late and missed out on the XOP call, but have invested. Options are a no go zone, so I'm glad you have stocks to offer and preservation of wealth being the main aim.
I have been heavily into gold in various forms for the last (?)10 years but again buying at the wrong times. Still, I am happy and look forward to your missives. I am impressed by the depth of your knowledge in financial investment, Dan's take on the trends in relation to finance and Bill's insight into politics of money and life in general.
Let me say as an almost retired high end professional, there is no better genuine advice than at your publication.
Keep it up. May the truth be the ultimate victor.
I enjoy reading everything that your team produces... its been very educational as well.
I share it with a tight knit group of fellow investors, with the hope one or two will subscribe as well.
It provides honest opinions and interesting informative articles. It is worth the price of the subscription and I enjoy following the people and their family stories.
All of you guys are awesome. Different viewpoints and angles. I love that Tom is outside US and looking in. Dan is an amazing analyst and comes up w/ fantastic charts, misc.
pieces of information, etc. I love Joel’s and Bill’s sense of humor! I appreciate your consistency and continuing to work/comment based on facts and history of previous statistically important data. It is hard to sit tight when things take a long time/years to play out.
I find your service is my go to source for financial information. I like the various different people weighing in under the same theme. This, I think, gives it more substance and depth.
I find your service to be a good counterweight to the very pro-Wall Street types that exist in most financial publications. I am very pleased with your service and have every intention of continuing. Keep up the good work.
I like the way Bill, who is about my age (75) points out the idiocy that has taken over the US and the EU. We never expected the inmates to end up running the asylum, and that’s exactly what has happened. These “woke” babies need a good spanking and sent to bed without their supper; my parents always drilled into me that life was tough and”the world doesn’t owe you a living”. There always was a “deep state” of elitists and control freaks but now they’re not even trying to hide it anymore. The WEF can pound sand as far as I’m concerned because I will absolutely NOT “own nothing and be happy”, I actually hope that I live long enough to piss on Klaus Schwab’s grave.
BPR keeps me grounded in my financial investments. I think I am a well grounded person in most of my life affairs. But life seems to be so eradicate and confusing today that it spills over into my financial decisions. We have become so accustomed to going for the latest get rich company or fad it is hard to sit and not be involved in all the fake money floating around. I still do some wild things that usually get me in trouble. That is why I always go back to your views and keep at least half of my investment money in your way of life. Thanks for the steadfastness.
Dear Tom and Dan and Bill,
Thank you for all that you have done for me And my family since Bill Bonner started I've been involved for over 30 years the markets and the newsletters and I have a lot of them lifetime subscriptions to everything Agora , Stansberry ,lifetime Subscriptions but as time changed and markets changed outlooks changed. I am very delighted in the three of you and your outlook on the future. I am in 100% your corner thank you very much for painting the picture and helping me and my family prepare for the future. Keep up the good work Tom. Taking all your advice thank you very much.
Willam D. (Lifetime follower I am 72 now going strong)
What I like about Bonner Private Research is the quality of research and writing, the integrity and expertise of everyone involved, the significant value compared to the majority of investment newsletters, and the lack of relentless sales pitches for other products or services.
I've been reading Bill Bonner's Diary for years. I found Tom Dyson through his travel blog. Their wisdom, humor, great storytelling, sincerity, and unbiased commentary stood out from the countless choices for investment information. So the decision to join was easy when Bonner Private Research launched with Bill Bonner, Tom Dyson, Dan Denning, and Joel Bowman (and excellent guest experts) at such a ridiculously low price.
My only suggestion would be to base each trade recommendation on the primary trend of the weekly chart using the 10/30 week (50/150 day) EMA and a few quality indicators such as MACD or PPO, RSI or MFI, and OBV to get a better entry point, minimize drawdowns/losses, and lock in profits.
Other than that, keep doing what you're doing.
While I haven't written since your 'round the world' family travels and your dear Mother's demise in England, I have greatly enjoyed your writings and agree with your thinking and investment philosophy.
An admitted gold bug, I have invested since 1970's with the formation of Bema Gold by Clive Johnson, and have held and been acquiring Kinross (which purchased Bema) and B2Gold since. Over the last several years I started accumulating cash in anticipation of the crash and then got the bright idea to buy B2Gold yielding 4% instead of holding cash, waiting for the crash. I'm still waiting.
I like your option return enhancement ideas and thinking, I also own Teekay and other shipping companies, and wonder whether it is a candidate for the option approach, or why you decided to sell?
As for suggestions, I often wonder what a disinterested independent person would think of my rather subjective investments, and without giving personal financial advice, I thought perhaps it would enhance your service if subscribers (for a fee) could submit their stock(s) for a third party review and opinion?! This could then become a list (like your option stock inventory) for sale to those interested.
Please understand that this is not a researched or thought out suggestion idea, just a stream of consciousness thought from an 88 year old retired and retarded CPA.
I can’t say I’ve read a ton of finance publications, but I very much appreciate the nuance and the time BPR takes to educate. I’d like to take some action on the recommendations, but have yet to pull the trigger (more to learn!) I may also be a bit young for the more conservative strategies, but the information and education is invaluable.
Great to have truly independent thinking backed up by top quality research, so do please keep it up!
Like you, I’m a believer in holding gold as “sound money” – money you can trust. What I hadn’t realized though, until very recently, is the extent to which the established media have in many cases become the passive vectors of government propaganda. Without our knowledge, we’ve “been had.”
Hi Tom, I want to thank you for giving me the idea to research tanker stocks. I would’ve never even known they existed. Had you not mentioned them. I ended up buying Teekay Tankers, Scorpio Tankers, Frontline, & DHT holdings and I still have the stocks, and they have performed unbelievably. I love the Bonner Private service.
I have been sitting on the investment sidelines since I retired 14 years ago. BPR lets me read about how sitting on the sidelines continues to be a good spot. I lived in Chile a few years in the 60s’, I like Bill’s stories about Argentina, reminds me of the black mkt in Chile circa 1968. Educationally, learning by doing.
I subscribed about six months ago. Bonner was one of four that I subscribed to then. You are the only one out of the four that made me money. I cashed out of the stock market on January 12 2022. I was sitting on $550000 and now am up to $580000. So your advice has been much appreciated. I have $60000 split in two banks that I could buy bonds you recommended. The $580000 is in my IRAs.
One thing I am concerned about is coming into my email. The question is “Is it probable that Biden Bucks could forcibly replace the US Dollar in banks and IRA/401K?”
I am not sure how to protect it from the diabolical Democrats in charge now. The Republicans aren’t much better. I am a Republican and wish they are, but most politicians truly are evil.
I plan to keep reading your emails and prosper with you for several or more years. I am 60 this year, and will work for two or more years, then switch back to dividend stocks. I plan to use dividends to pay for my retirement. I recommended you to several friends at my workplace. I will also recommend you to some of my family.
I loved the old USA, and served 24 years in the US Navy. Now I am an industrial maintenance man.
Longtime reader/subscriber to Bill's et al work. In response to Tom's request for people to send in their opinion on the quality of your work and suggestions, I listen to your tune because I like its sound. I found Bill's "Daily Reckoning" back in the day from Richard Russell at Dow Theory. So, I am one of the converted. My response is, keep up the good work.
Now then, here is a question for you. How safe is our money in a bank savings account? If one follows your portfolio allotment plan, you find yourself with a large percentage of your portfolio in cash instruments..........waiting for the day. As we wait, there are a lot of rumblings "out there" of impending doom in the banking industry and since it has been determined that a savings account is just another unsecured creditor subject to a variety of "bend overs', one being a "bail in". In view of that possibility would a less risky place to keep your cash be in a US Treasury Direct account in short term US Treasuries?
Sorry for being so long winded. Hoping to hear your opinion.
I have been a subscriber for a few years now and I think it was a great idea for the change you made to publishing independence. I no longer have to hear continually from hawkers speculating on the next best investment advice to spend my hard earned money on.
What I like most about BPR sums it up in one word...TRUST. I get the facts on the economy and investing without the sugar coating. The information is also entertaining at the same time.
With your guidance I have followed Tom & Dan's advice on the 35/35/30 allocation plan to preserve what little I have in my IRA and still make some money by investing a portion of stocks in energy and shipping. Recently I took the profit from TK and shifted to EC and PBR on Tom's recommendation. I will be retiring soon so I have to make my investments last with your help.
Bill and Joel make me laugh at the serious subject of our country's debt situation and the lunacy of our government "leaders" who are all about enriching themselves and the elite.
Thank you for contributing sanity into my life!
Keep up the great work.
Many thanks to you, Tom, and Bill and Dan for your expert advisories.
You ask for some comments, so the least I can do is share a few:
You folks are unique in colorfully sharing your personal lives as well as your thoughts about the world and its lousy finances. I began reading your messages in late 2020 or so. Bill's vignettes about his life during COVID lock-downs in his Argentina estate were a perfect introduction to your generous sharing of real life experiences. And your commentaries just keep getting more applicable to the many hazards we face ... together. I treasure each one of those missives.
How successful have I been with your investment advice?
At 77, 80% short term, near cash positions in our list of assets is probably about right. That leaves 20% for high risk equities and crypto. I was too much of a skeptic than to put much stake in your shipping companies. My timing was poor, so I think I probably left them at a loss. I was fascinated by the prospects of Texas Pacific Land Corp., so I placed some heavy bets in that thinly traded, volatile landowner. Even after this year's 20% drop and some prior gains, I'm probably at break even on TPL. OK. You never suggested I buy it, so I'm on my own with that one. But, I'm pleased that you introduced me to it. What you DID DO was to continually encourage us readers to stay largely out of bonds and equities. That saved my bacon. Without your constant reminders to stay out I might have gotten impatient. So, I'm grateful for that regular advice.
I also got a little overexcited about Uranium investments after listening to Mr. Rule's comments, which resulted in losses. Long term I know I'll need to get back in.
Beginning early October last year, I went heavily short on equities. That was great for a while, until it hurt ... badly. I well know that being short can be painful. As of this last week, I'm back into some short positions. They have already begun offsetting losses in TPL.
Maybe the most important gift the three of you have shared is the big picture. Your messages have led me to consider looking beyond our domestic bolthole for an international escape. Clearly, Western style democratic models are broken. They attract demigods who promise anything and everything just to enjoy the power of their positions. Then, when the municipal pensions fail and we no longer have police protection, they'll take their profits and live on islands with their donors. Somewhat related, you might like to see Charlie Munger's state of the country as of a couple of weeks ago:.
What I need is the courage/guidance to open international bank accounts. Please share the IRS or other considerations after disclosing those accounts. Bill's experience with the National Taxpayers Union (which I joined) and his sharing International Living messages only adds to his credibility in assessing threats and taking action on them. Through your connections, I've also read some of the Field Notes from Jeff Opdyke. But , somehow, they don't feel as credible as the messages from you, Bill and Dan.
We'll soon be spending a few days in Reykjavik and Dublin. (Because one of our grandparents was born in Ireland, my brother has already obtained citizenship there.) You can't give individual advice. But, you could talk about the process of opening foreign bank accounts. Again, the challenges and preparations of doing so would be good to hear about your practical experiences along those lines. I don't think I'll be able to walk into a bank and just open an account like we used to do.
Thank you for your general goodwill. You set a high bar for your example of service to your fellows.
I am a subscriber ( couple of months now). I live in Somerset, but know your neck of the woods as I used to visit health centers and doctors surgeries in Chiswick as an autoclave engineer.
I am 67 years old and have been interested in the world economy and investing since I was 66, yes I am a novice of 1 years.
I have learned an incredible amount during this past year, I have subscribed to many publications to try and learn as much as I can and have spent a small fortune doing it.
I saw a Bill Bonner video a few months back. I think it was from Stansberry digest. I was so impressed with what he had to say and the way he conveyed it that I thought I would give his publication a go.
I am so pleased that I did, I have come to the conclusion that even after only one year of learning about the subject that there are a lot of “ dickheads “ giving so called financial advice, I have tried Seeking Alpha, Motley Fool, Stansberry Research to name but a few. The only one I can relate to out of all of these publications is Dan Ferris at Stansberry.
I read all the emails from Bonner Private research and I would like to tell you that I think you are the most level headed guy out there giving advice. What I am so impressed with is that you are not concerned if you cannot give a good sound investment tip at the end of the month if there is not one to give.
I have tried to follow your recommendations and bought shares in Global Ship Lease and Costamare, both are showing a gain and I also had a dividend of just under $20 on one of them. I could not seem to find Danaos anywhere in my brokerage accounts HL,IG and SaxoTraderGO. So thank you for your advice on the first two.
I noticed the two foreign oil companies have dropped in price over the last few days and I will invest in them early next week I think because I believe oil will be a good investment over the next few years. I was worried to invest in them before because of what I had read, but your arguments for buying them make sense to me. Also there is something to be said for buying stocks which the mainstream won’t touch provided they are a good price.
So to sum up ,the Bonner Private Research subscription-is definitely on the top of my list to renew next November. Thank you for all your hard work, and if you leave before I die then please let me know where you are going so that I can follow your work.
I have no criticism of the publication as it stands and cannot think of a suggestion that could improve it, apart from this minor one.
You talk about making puts and calls from time to time. I would like to try this but have never done it before . I have a SAXO traders account as they are one of the few companies that do options.
Some time ago somebody wrote into you asking about how to go about actually placing a put and I thought you were a bit hard on him with your reply if I am honest, basically saying he should not be doing it if he did not understand it, which is true, but I suspect he may have been thinking that you are the expert and if you have recommended to try this option trade then he would like to do it but like me, has found the process quite daunting.
I still have not placed a put with SAXO because when you open up your option to trade you can choose between placing a “Call” or placing a “ put” but then you have to choose if you want to “ Ask” or “ Bid” and I have not been able to work out which one I need to do, so if you could point in the right direction where I might learn how to place calls and puts it would be appreciated.
Like all things in life I am sure it is easy when you know how and after having done a couple I am sure I could do it regularly.
If you want to use any of my accolades then feel free to do so.
Let the record show that I appreciate Dan's insights, which complement Tom, Joel and Bill's observations.
It took me a number of years to correlate recommendations and commentary with the individual names because I had subscribed to so many companies. This team, Dan, Tom, Bill, and Joel, have been the most consistent in their recommendations and approach. They don’t “change positions because of singular events” or recommend trades to look busy. They look to the long term and are honorable. They don’t profess to have a crystal ball or be 100% successful (and who could be today…). I’ve followed their advice as best I can with my personal situation and I sleep well. The few losses have been more than balanced by the success AND the balance they recommend in the portfolio.
I am relaxed and confident regarding the choices for my future.
Honestly no one knows what’s next, history is just that. We are entering into a new paradigm and this group has proven itself as capable and caring with regard to the subscribers.
Love, Light, and Laughter
Dan and Team at BPR,
I like being a subscriber because it is where (for the most part) I get my news on the world and especially the business world. I don't watch the news on T.V.cause I don't have a connection and don't trust their news views.Most news-letters are promoting stocks and their super duper stock picking computer programs,which i'm not interested in,because I don't own stocks.I like BPR's investment strategy of protecting your principal at all cost.I like their sincere effort and their thoughts on what is really happening behind the smoke screen of Washington and the news media.I don't agree with them on everything they say,just most everything.Thank you for this service,its one of the priority emails I read everyday.
I really like your advice and I am invested in almost all of your recommendations. I enjoy your team’s weekly musings and take on our government & economy.
I am a retired senior manufacturing executive and business owner. I never used outs or calls in my investments in the past. Because of the perceived high risk.
So I am new to puts and calls, and I would like for your service to provide exactly how to (step by step) -Strategic Intelligence did that, but you seem to be doing them differently in that you are doing them to incur current income on the call or put. Not necessarily leverage for greater returns. So I’m concerned that I might invest using your system incorrectly. Hence, I have not invested in any of your puts and calls. I believe I am missing out on potential income. Would appreciate your group’s guidance.
Bonner Private Research seems to be the only source of information that declares the truth that government money creation is inflation and price increases are the result.
Understanding this truth and connecting it with the devastation caused by this government action is the only reasonable way to predict what comes next.
Hello Bill, Tom, Dan, and Joel:
Just a quick note to tell you how much I enjoy being a member of Bonner Private Research. I have been following Bill and Tom for several years (yeah, I was late to the game), but I feel like I know them better than some of my own family. Because of your advice, I have gotten out of about half my stocks in the last 6 months, and I feel more than a little relieved at this point. I truly enjoy your writing; it is rare to find someone who is both cogent and literate at the same time.
Dan and Joel – this is not to disparage either of you; it’s just that I am not as familiar with you as I am with Bill and Tom. Dan, your summary of the bank failures in California is making me very nervous, which was probably your intention. I don’t have any money in the financial sector, but I wouldn’t be at all surprised to find that there is some (maybe even a lot) hidden in other investments. That’s the problem with today’s investment system; the end purchaser often has no idea what they are buying. And Joel – your missives from Argentina are always entertaining and informative. You seem to have taken a page out of Bill’s book and find wry humor in many of the current news stories. You either have to laugh or cry… and laughing is easier on the psyche.
I can’t recommend your service more highly than I do; it is honest, factual, and highly entertaining. Oh, and did I mention profitable? You have a subscriber for life.
Best wishes to all of you.
What I found so far in Bonner Private Research is the great in depth markets analysis in the language that is understandable for average investor. I have lived in America for 29 years I migrated from post communist Poland. I found lots of thoughts from the writers that are similar to mine in the geopolitical arena ( as far as investing I like their current strategy and I fell more comfortable with conservative not speculative approach to the investing.
Also I order wine from the private collection and all 4 I had so far were spectacular😊
I am a relatively new subscriber to Bonner Private Research. My subscription was a bonus for subscribing to another research service which I consider to be a dud and rarely refer to anymore. But I will renew my subscription to BPR when the time comes.
I look forward to every well-written publication. Bill's essays are great. The Sunday missive is a hoot. Dan put it well when he said, "[Subscribers] are looking for solutions, a second financial opinion, or a contrarian voice of caution and insight—or even just to learn and understand what’s going in the world around them." That describes me well.
I want to hear from knowledgeable others with eyes wide open who are willing to call a spade a spade. And I appreciate a service that does not try to scare me into buying stuff. I am so done with that.
I appreciate the perspectives from each of your authors and find the prose and satirical bent refreshing though somewhat repetitive. This would be expected as in the geo economy most things stay the same - massively manipulated and terminally fucked.
We could be accused of being an eco chamber so some caution there. If I had to ask for “more of” anything it would be more substantial financial opportunity discussion- perhaps similar to your discussions with Rick and Byron but directed at specific investment theses and companies.
Keep up the good work.
I think that the most value for me is having a source of unbiased sound reasoning which mostly aligns with my personal views. Another voice of truth outside MSM. And having undertaken most of the current strategy am patiently waiting to take advantage of the major stock market correction. Hopefully the global financial situation doesn’t completely implode or money printing skyrocket with similar inflation.
As always, Dan has his thumb on the facts as they develop with good analysis of possible outcomes.
Having a big chunk of change in a regional bank, I’ll be probing their balance sheets tomorrow to estimate risk. I remember the previous banking crises and hope to be free of negative consequences.
Again, and again, thank you for your work.
Hi to the Bonner team from an Australian supporter/subscriber.
I believe your on money the way your cautioning subscribers.
As a coin enthusiast, particularly of Australian Sovereigns and Half Sovereigns more so, I have a view these are better prospects than buying physical gold. – Scarcity/quality/portability being their material underlying features.
Gold bullion doesn’t have these characteristics, furthermore there is an abundance of paper gold to add to that availability.
Surely you are aware of the Numismatic Industry strength in the USA and other major markets in the world. Perhaps you could take time out to give some credence to this preservation of capital option as I can vouch the growth in Australian coin values since say 2006 has been amazing providing your approach is solely based on scarcity and grading. You do need a trusted advisor in this area as there are pitfalls for the un-initiated. The capital growth far exceeds comparative growth in Gold Bullion values.
I would appreciate witnessing a more pro USA theme in you deliveries as notwithstanding the inadequacies you highlight, I for one have great faith in the USA – leader of the free world. But for USA intervention in the second world war, we would have been conquered by Japan. That support and subsequent support for all democracies post war have earned the USA a huge level of respect/admiration where successive administrations have applied a consistent approach to its allies – maybe with one exception when Trump triumphed.
Keep up the fight and reach out amongst your many connections to assist in the education of those close advisors who have shortcomings on matters of real world/business experience. The famous UK “Yes Minister” comedy series amplified the issues elected officials face as they rotate and the unelected officialdom maintain their supremacy.
I am an Australian, living in Australia and have been a BPR subscriber for about 14 months.
I subscribe to other advice publications which cover predominantly Australian investment conditions, so get great comparative value out of BPR which is more USA focused.
It is interesting that at a helicopter level the investment advice of both is the same, lots of cash and gold, no bonds and great care with stocks.
At a more detailed level I read every words of Dan and Tom’s articles every week. Their style of writing appeals to me and I learn things I do not have access to from any other source. In terms of investments, it might appear wise for an Australian to concentrate on special Australian stocks in the current environment but I have actually been able to make pretty fair positive returns from the NYSE stocks recommended by Tom. I particularly appreciate his prompt advice to get out when the return from a particular stock doesn’t materialise.
I know questions are looked at, as Dan answered one of my direct questions about 6 months ago. Another great attribute of the service.
I don’t need to ask you to ‘keep up the good work’. My experience from the last 14 months tells me it will happen whether I encourage you or not.
Thank you for the opportunity to provide feedback
Greetings to you Dan in cold and snowy Laramie from Jim in cold and snowy Great Falls a few hundred miles to your north. As you can see, I am appending my note to a release from Ed D'Agostino of Mauldin Economics. I read or watch the output of 4 or 5 different information and analytic sources. Some of it I see as entertainment and take it with a grain of salt. As one watches/listens to this interview of Dr Ed Yardeni, one could get the impression that the economy has a few problems but overall, everything is actually great and will be even better by the end of the year. It is about 180 degrees off from the message I get from BPR. What I try to grasp from what I read and watch is how the writers' views match what I see is really happening.
In response to Bill's inquiry about being too negative, I say "call 'em as you see 'em." I don't agree with everything Bill writes but his basic message on the direction of the economy and society match what I see, believe and know. I really enjoy the perspective I get from BPR and I expect to be a member for a long time. All four of you: Keep up the good work!
I relish the frequent explanations and suggestions that are persuasively prepared by Four Horsemen of Bonner Research (Bill, Tom, Dan & Joel). Each have a unique style in which they masterfully explain the machinations of man and money.
Despite the stylistic differences, their explanations are consistently readable and articulate. Foremost, they are never obtuse, occasionally funny, sometimes acerbic but always educational.
I never write reviews, so this is a first for me. I decided about two years ago to take personal responsibility for my investments. I knew only what I read in the mainstream media. So I started to educate myself. And I started subscribing to the popular financial newsletters about eight of them.
What was most interesting, watching from the sidelines, is how all the information is presented. For example, one well known newsletter used to grade the results of their advice annually. A being the best and F the worst. This year they decided that they should rather look at the last 5 years results, rather than the past 12 months results to grade their service. I wonder why the sudden change.
I now only follow Bonner because it is based upon solid logical and sound principals and not popular trends and views designed to attract the maximum number of sheep, but rather a select group, that are likely to be on the same page. There is no flip flopping around or vague advice that changes like the weather. Everything is built around maximum safety and real returns and sound principals. You don't have to read between the lines about investing advice, only about the woke world.
I also enjoy the personal touch that makes Bonner subscribers feel like they are Part of the family. I like the open, honest and unapologetic views and opinions expressed.
Finally as I am paying my subscription in South African Rands, at almost 20 to the USD, I appreciate the option to be able to pay monthly and the affordable cost to get world class advice.
Dan, actionable intelligence.
Paid up subscriber,
I have been a member since the start of Bonner Private Research. The four of you have your own style of writing, but are all going in the same direction. I print and read everything you all write. I also belong to other investing groups.
With the current events of two bank failures this week. I have gotten at least five different emails from the other groups telling their view of what and why the failures happened. Only one of them explained in clarity about the history of this event.
I have followed your advice and moved most of my money in the stock market to cash. I think you have been talking about this happening for a long time. I expect you could just write a very short letter that says "We told you so".
Thanks keep up the good work
I have been receiving the BPR insight, and that of your peers for the last ten years. Although I do not always agree with the opinions or analysis, what it does allow is a pool of experience from a more informed and engaged source, than commissioned driven or self promotion guidance. It allows me a different approach or voice to add to my own analysis, which unfortunately isn’t always a profitable decision.
Specifically to the Bonner tales and Joel missives , having lived eleven years in South America and wandered the grounds of their stories, I am patiently waiting my opportunity to return permanently, to my own ‘paradise’ I located in the region.
Love your daily musings very much. They are all well written in plain English for all to understand. I am very comfortable around market terminology and charts, but realize lots of people don’t, yet you manage to make them “easy” to understand. I look forward to reading about the bottom of the world, Argentina, and how they manage to carry on daily with hyperinflation. Tom is about as conservative as I am, lol, so don’t change a thing with your advise. Good luck to us all going forward, we will need it with the geniuses running the world.
Bonner et al:
I have several thoughts on your organization and what it means to me. Let’s begin with your timing on breaking away from your past and starting anew. I had just subscribed to a “lifetime” subscription to the old Bonner group because I am attracted to your vision of the financial future of America. Then boom, the A Team left and I got the remains for life! I have since cancelled that subscription after several months of blather that I did not find enlightening.
I joined the new Bonner because I find the principal authors’ perspectives to be in tune with mine. Along the way, I also benefited from the advice. Sold off almost all of my non-dividend-paying equities early in 2022, which saved my gains accumulated over the past 15 years. I added to my gold hoard and cash balances until my brokerage, Merrill Lynch, forced me to put most of my cash in “safe” investments. Apparently, they don’t like too much cash in client’s accounts, which probably isn’t an issue with their larger account holders.
I don’t do options so Tom’s recommendations help in that he points out that his options trading can be substituted with just buying the stock, which I have done with several of his recommendations. Who doesn’t like Tom’s wonderings around the world? More to the point, his research is thorough and accurate, yet easily understood to the amateur investor.
Dan’s essays are interesting to me primarily because he explains how various aspects of the investment/government/financial world operate in words that a non-player can grasp. His discussion related to his “bolt hole” was thought invoking and refreshing given that many see any such topic as being radical. I don’t.
Bill’s musings are entertaining, but rarely technical. He is kind of like the senior Tom in that his historical perspective is valuable to me because he has lived an interesting and successful life. Associates of mine call him the prophet of doom. I let the historic records speak for itself.
One downfall to subscribing to financial newsletters is that it begets solicitations from other newsletters and advisors. I get so many unasked-for offers that are a consequence of my existing subscriptions giving my email address to them, or maybe selling it — I don’t know the relationships of any of these referrals and solicitors. Nevertheless, I get too many. So, Bonner et al, if you are one of the culprits, stop giving/selling my email to others who provide similar services. I already have my maximum subscriptions and I don’t want more. At the very least, give me the option of agreeing to these solicitations or not. FYI: If you have such an option, then I DON’T want any.
One of my biggest, no the biggest, peeve is subscriptions offering videos for me to watch. Most are sales pitches that last over an hour with the carrot on a string being the viewers will get some great recommendations for free just for sticking around. At my age, I don’t have the luxury of watching lengthily videos with no benefit, so I don’t. I don’t watch your videos either, but for different reasons. You offer transcripts which I can read much faster that watching a video, thereby condensing my time to a more favorable level. Keep the transcripts coming! FYI: This is why I dropped my subscription with Naomi. Too many videos without transcripts.
Otherwise Bonner et al, your stuff is the first emails I open. I read on the weekends any of Bill’s essays that I missed through the week. I’ve forwarded portions of your essays onto friends of mine that have complimented me on their content. For instance, the discussion on the Soviet losses in the Ukrainian War was quite informative. Not for the financial advice, but for the insight as to how to measure the “bad guys” losses. Several told me how insightful that was. Be assured that what they read was with proper attribution to the source. Hell, you may have gotten a new subscriber or two with it.
Nuff for now. Hope this satisfies your lust for praise and condemnation.
As a new subscriber I have been impressed with the simplicity of your advice. Refreshing to say the least. I have wasted more money on research than I should have over the last 10 years and I have learned a few things the hard way. I have found I look forward to the daily reading of your honest writing and advice.
I never took a vaccine for Covid-19 and never will. I have never trusted our government officials and my distrust grows daily. One surprise to me was the way Stansberry Research bought into the vaccine and actually pushed it. Of course I then find out Porter was out so it made more sense.
Thank you for your writing and I have no issue with it being negative. I look at it as honest. Something the world needs to come to terms with.
I very much appreciate the insight from BPR. I look forward to reading every email... especially the notes from Tom and yourself.
I share the daily emails with a few close friends, with the hope they choose to subscribe.
I do not look at any of the BPR info as "negative"... it's another thought / opinion on the markets / financial system / economy, along with a handful of recommendations to earn some income.
Like my Dad continues to tell me... everyone has an opinion, and oftentimes there's a nugget of info in there that could / might be helpful.
Been with you guys for about six months, very much appreciate the concise( realistic) reporting and financial suggestions.. Might add that you guys seem to have a good sense of humor also..
Very good work on the stock selections , im A-OK with the negative, have been persuaded on a few occasions by happy friends to ignore the financial mess equities are in, and have lost on all the positive investments associated.
Keep up the good work!
1 question, I started buying municipal bonds, Grade AAA, recently, choosing 10 year terms at about 4-5%, mostly tax free.. you don’t suggest bonds, cash, gold treasuries instead. Why would these yields/risk be problematic going forward?
I am a 70+ year-old investor who has been subscribing to investment news letters since the days of Howard Ruff’s “Rough Times” (probably 50 years ago now). I have subscribed to many newsletters and Bill Bonner has been my favorite writer for decades. The addition of Joel Bowman has been icing on the cake to complement Bill’s tongue-in-cheek writing style. And Tom and Dan’s technical analyses and recommendations are great implementations of Austrian School economic fundamentals. In my view, these guys at Bonner Private Research cannot be beat and I really look forward to their messages each week.
Good morning from sunny North Carolina,
First, a little background. I am 69, retired, and living on a fixed income, most of which comes from my investments. I happened upon Bill's information video last year and became intrigued with his premise, as well as his obvious lack of any need to publish another financial newsletter or provide any investment advice. I feel like I am also at a point in life wherein I have no need to prove anything anymore. Quite frankly, it is nice to be away from the 'work a day' world.
As I have followed the writings of each of you, I have found the content well researched, well thought out, and well presented. Furthermore, there is consistency in the message while not being redundant. As a result, I have adopted your current mantra, "maximum safety mode", when approaching any placement of my funds.
Bill, you are to be commended for assembling this group of thinkers and I am sure you have very lively conversations amongst yourselves. Tom, I appreciate your candor when answering questions, especially from those who seem to feel that you may come across as a bit "too negative". As for me, I would just as soon miss out on a rally while I hopefully miss out on a rout.
Guys, all of you, keep up the good work. These are treacherous waters you are trying to help us mere mortals navigate.
Have a blessed day.
I enjoy Bonner Private research as it is grounded in concrete research but perhaps more importantly, you are not a get rich quick scheme but rather a coherent long term strategy group with conservative progressive capital interest and interests at heart.
You make your laborious work intelligible to the average reader. You actually take the time to educate us (your subscribers) about trends and processes most of can’t or don’t see. Your view is ‘holistic’ enough to expand anyone's perception, conception and perspective of what is going on in markets the rest of us don’t have time to explore.
Thank you. Keep up the good work.
To someone that I would talk to about and or refer to Bonner Research, I would simply quote Warren Buffet, “Give a man fish and you will feed him for a day. Teach a man to arbitrage, and you will feed him forever.” I am not the smartest guy in the room and I don’t need to be. I just need to be smart enough to surround myself with the smartest guys in the room. I would also recommend that they use Burt Dohmen’s research service.
I subscribe to a couple other investment services. I check in from time to time to get their opinions, but BPR is the only one I read every day. Even my wife looks forward to Tom’s weekly edition because she looks for steady returns.
Keep up the great work guys!
Bill, Tom, Joel and Dan,
I had been reading your reports and articles for several years before your move to an independent status. When BPR was established in December, 2021, I immediately signed up. I have been investing in the market since 1968.
Since then I have followed, for the most part, investment advice from brokers. I bought some annuities and set up an IRA with money from a home business. I lived through 2000, 2007 and 2020 market crashes with the attitude to "hang in there" and was rewarded.
However, after 2020 I was not so sure that this attitude was the best way to go in the future. I began subscribing to several market reports to be better informed in financial matters. This led me to learn about the Federal Reserve, precious metals, ETFs and political activities that affect investing. All these sources of information allowed me to gain the knowledge to understand, as best I can, the topics you all provide in your letters and reports.
The very timely information you provide in this ever changing world, allows me some measure of comfort. I tend to listen only to the more conservative news reports who touch on subjects that the staff at BPR explain in detail. I do not always agree with your opinions, but I have learned to be more careful in accepting all that I hear even from individuals that I admire.
Your advice to exercise safety at this time with the idea of keeping cash, gold and carefully chosen stocks has reduced my stress level as regards financial matters.
Keep up the good work and thanks.
What would I say to any new subscribers about your work? As a subscriber to several other financial publications, I find your approach to be refreshingly simple, if a little difficult to continue to apply at times when Mr. Market offers temptation to us!
Numerous other subscribers suggest that you all tend to be somewhat negative about the world, but none of us is born cynical, we simply become so as a result of hard experience. And your work is backed up by well-researched data and well-reasoned arguments that draw upon the lessons of history, which, unless this time is unexpectedly different, we should all be well-advised to heed.
Investors need to harness as much intelligent, relevant independent research as possible in these turbulent times in order to make sound decisions, and your work provides a valuable, unique perspective at unbelievably low cost.
Please keep up the great work!
Rating all of you from 1-10, I’d give you a 15. Why?
No promises to double your $ in a month; no new newsletters at $2000 per year ( without a look first or substitute for an existing one; no leaving for a long period of time but still acting like it is your letter.)
Just great food for thought, factual advice and recommendations.
Keep it up!!
I trust Bonner Research because they understand this:
Right versus Left. It’s accepted as truth - common knowledge - that we can differentiate politicos by placing them along a straight line with the most fanatical at each end. Right Wing Extremists at one end and Radical Leftists at the other. That’s the propaganda. That’s what people accept and believe.
Not so many generations ago, it was also an accepted truth, common knowledge, that the world was flat. People believed that if one person kept proceeding East and another West, both would fall off the edge of the world.
Eventually we came to understand that the world is not flat. That the world is, in fact, a globe. And in reality those two adventurers who headed East and West would eventually meet.
Likewise, it is time to acknowledge that the political spectrum is not a straight line. It is, in fact, a circle. If all the people are lined up around the world based on their political objectives, we discover that the most extreme on the left and the most radical on the right meet, and are standing in the very same place. Even though they arrived there from different directions.
The place that they both occupy is maximum government, total authoritarianism. With minimum liberty. The Laws of Rulers. Whether communism, fascism, dictatorship, oligarchy, kingdom, whatever authoritarian design, they are in favor of the elite making and enforcing the rules over the people.
Across the circle, 180 degrees away, are those who want minimum government, with maximum liberty. The Rule of Law. Where both the citizens and those who govern live under the very same rules.
It is said that the Democrats and Republicans in America are “two wings of the same bird”, pretending to be opposed but always flying in the same direction. It’s true. Regardless of rants and promises to the contrary, the Federal Government continues to expand; to spend money it does not have; to make war; to ignore the Constitution; and to pass ever more laws that violate our rights and control every aspect of our lives. The people become less and less free while the elite gain more power, prestige and wealth. The chasm between the classes grows ever wider.
The flat-world, straight-line continuum, “left versus right", fuels the illusion that Democrats and Republicans are diametrically opposed, when in fact their actions prove that both sides agree when it come to expanding the government; spending; making war; violating the Constitution; and passing more and more laws. “Left versus right” allows them to pretend that they are different and to make promises they never intend to keep. And to keep the people fighting among themselves.
In order to sustain their power, the elite must keep the people divided. They know that if we ever came together, we would surely change their game. So they accuse and argue and fume about dozens of issues, successfully keeping the citizens agitated against one another on dozens of fronts. By doing so, both “sides" keep merrily marching down the road toward authoritarianism, profiting all the way.
It is not about left versus right. Nor about Democrats versus Republicans. It’s about the elite rule makers versus the people - - we are well down that road to authoritarianism. Yet we live with the delusion that America is still the Constitutional Republic that the sovereign States voluntarily joined just ten generations ago.
Bill Bonner and the folks at Bonner Research know that navigating through the malaise - especially financially - requires identifying the realities and the issues.
The opportunity to get investment perspective from Bonner Private Research without all the endless bu#%%^&* 68 page reports or videos of clueless “hosts” prattling on with some wizard who conquered Wall Street at age 10 or predicts that the world will end tomorrow except for everyone who buys his/her/they/them’s latest $1995 program…well it’s great value….I signed up on the first go round, really glad I did ….I sleep well at night.
I am not a sophisticated investor, but the folks at BPR are gifted at making world events and economic reality simple enough for me to understand.
Good evening gents,
I just wanted to say I truly enjoy reading your articles. This is something I look forward to on a daily basis. In my opinion, the cost can increase by 100% and still be a discount.
One suggestion would be to add a current portfolio, or allocation section for reference.
Thank you for all that you do.
Nothing more to say than pure “awesomeness “ (if that’s really even a word) but it catches it all! Our circle of friends have been members for years and we share the missives and reports daily...and then thoroughly discuss.
Tom brings an analytical angle we quite respect, Dan shares it through his vision and ability to explain in a macroeconomic sense, Joel ties them together with panache and eloquence.
Then there’s Bill. A writer that, in our view, is simply one of the best. His flair for comedy (both actual and tragic), keen money sense and his immense understanding of finance and how it evolves through the political system, simply makes him one of the most sought after reads! He makes us laugh, cry and spit nails all at once. How many writers can do that!
I really enjoy and get an education from being a member. The insight into what’s going on in the real world, great investment advice that’s clear, concise and works. Not to mention the humor you inject into the writings. Thank you very much for your invaluable insights and investment advice! I can’t tell you how much I appreciate it!
Have a great day!
Having followed Bill Bonner, in one form or another, since his illustrative but primitive "What Went Wrong in the 20th Century" (my "conversion" piece, which PROVES that it doesn't take much to bring a guy into the fold), I found a kindred spirit, a cynical but sensitive beast.
I've always suspected Bill Bonner to be by upbringing an Episcopalian, as I am. AND I have the added "bonus" of having experienced Murrlin (Maryland), having dwelled (not "lived", merely located there) in Bawlamer (Baltimore) from 1974-76. (Barbara Mikulski, Marvin Mandel, and William Donald Schaefer "shudder") I absconded hastily from there on Preakness Day in May of 1976, knowing there would be the least amount of southbound traffic, and I got the hell out. Gladly, thankfully, I said "goodbye" to my erstwhile Waverly residence, while Memorial Stadium still stood and 33rd Street was lit via mercury vapor 24/7 and was STILL a gauntlet, and gunfire in the night was common.
"nec plausum nec lucrum" is a line from Cicero's essay on philosophy that describes my life. Having never had any money, insight was all I could afford. Those who go to the marketplace seeking neither applause nor profit, but rather only to study and learn: "id est enim philosophos", for that is in fact a philosopher. So, my devotion to Mr. Bonner, would seem rather curious, wouldn't it, on its face, unless one were to understand all the factors involved in buying decisions.
No one is more connected than Bill Bonner. The joker in the Bonner deck is the revolving door of assistants, apprentices, associates and in the case of Dan, Tom, and Joel, heirs apparent. I would travel to Buenos Aires, if I thought I could physically meet and make the acquaintance of Joel Bowman, canal swimmer, lover of beef and liberty.
Do carry on, gents, and lo, I am with thee, even to the end of the world.
Best always. PM
P.S. I don't expect to be representative of Mr. Bonner's typical customer, but I do imagine that I am closest to his soul. Plus, I love to build stuff, too. PM
You guys are great! I love the advice and commentary from both Dan and Tom and the daily note from Bill Bonner is required reading in my household (we agree with 95+% of his comments). I also appreciate the longer term outlook approach of the newsletter as this next decade is likely to be quite challenging from an investment perspective. Keep up the good work!!
I think the recent survey questions should have had a ranking option. I chose actionable investment advice but I also really enjoy the humour in your various missives. Keep up the good work.
It is a true blessing to be customer of bpr ! You are real life people with a practical background working with brains and hands ! Your information is indeed out of the box and trustworthy ! Being a retired veterinary surgeon (large and small animals) I know what I am talking about !
Thank you so much !
Regards from Switzerland
I have been reading Bill Bonner’s writings for a very long time. And, in the early years, many decades ago, I got investment ideas from a wide range of sources recommended in those letters. I picked and chose $ info mostly, I think anyway, with what we’re likely my own biases in direction.
What I have found valuable in the current $ investment advice is that early on they started with a survey of investment advice from a wide variety of well known investment advisors. Only one said ‘I don’t know.’ I think nobody knows so to my way of looking at the info, there was only one honest answer.
So, I continue to read the Bonner musings and follow Tom’s direction exclusively.
I am a little over a year in and I have gained enormously from reading this commentary. Not so much for money made but for your world views.
I have followed long enough to trust your advice as so many of your predictions were spot on.
I also find you folks very entertaining.
Keep on keeping us on the cutting edge.
I will be making more investment decisions based on your advice.
What I like best about BPR:
Erudite and amusing comments;
Negative foresight with amusement;
Portfolio strategy (make access to this easier to find)
Daily availability and zero cost
Keep it up,
60 Year Wall Street Vet (wish I knew you guys then)!
Bill, Dan, Tom and Joel……………..I love your contrarian views, and fully agree with being in maximum safety mode. I am, for the most part, out of the market and have been aboard with my spread of 40% cash=T Bills, 35% physical gold and silver, 23% stocks mostly on the BPR official list and 2% crypto. I understand protecting what I have worked hard for. I am 74 and will not be led astray by the politicians and the elites. I have lived with their BS for most of my life and will continue to fully enjoy my golden years, while watching the show from the sidelines. I also enjoy the guests you expose us too.
I am sure with some of your readers, they have never experienced anything but an up market, being told 8th place is OK and here is a participation ribbon and life is just peaches and cream. They basically have been living in disney world.
Keep up your great work and please keep telling it like it is!!
What I value most about your subscription:
-insights about other places in the world and how their economies function
-the good writing. Great authors. Ok, that is sort of an entertainment factor.
-often a confirmation of my own world view on politics and economics
(occasionally cause for re-evaluation of a topic)
Thankyou for the good works !!
Having followed you and your team members before, I didn't hesitate to subscribe to this newsletter. I knew that you folks had a good handle on the "30,000 feet view" of the economy, along with the current "above the ground" market conditions. Bill Bonner negative? Ha - I suppose you could call him that. I think he is more rational with a real world view than anything else! Simply put, Bill tells it like it is. If you're looking for comfort, you can take solace in the fact that he uses the Presbyterian approach to writing - no swearing! I also enjoy the real life stories of Bill's ranch, Tom's family and Dan and Joel's locale updates.
Keep up the good work!