By Teeka Tiwari

THE WEALTH FORMULATHE NO. 1 WAY TO 9X YOUR PORTFOLIO

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I used to work on Wall Street and believed many of the things they taught me. For years, I used their models to invest for myself and my wealthy clients.

Thankfully, that’s no longer the case.

Because a simple change in my thinking has in-creased this newsletter’s gains sevenfold.

In fact, understanding this one secret can make all the difference between earning 7% a year or earning 51.2% a year.

And the craziest part is that most of Wall Street still doesn’t get it.

For proof, look no further than a recent research paper that JPMorgan Asset Management created for its high-net-worth and institutional customers.

It’s called “Getting to 7%,” and it’s a blueprint that clients are supposed to use to attain average annual returns in the single digits.

Can you imagine that?

Inflation hit 6.8% year-over-year in November 2021, yet one of the biggest money managers on the planet wants to help clients beat that by just a fraction of a percent.

Once you factor in the huge fees that brokers and advisors charge, following that type of plan virtu-ally guarantees customers will actually get poorer in the current environment.

And this is the advice reserved for the company’s best and richest customers. It’s actually labeled “not for retail use or distribution.”

Well, friends, maybe that’s a good thing.

Because here at the Palm Beach Letter, we have a much better plan – one that has delivered a tracked return of 51.2% in 2021…

53.5% in 2020…

And an average return of 519% since I took over this newsletter in June 2016.

That long-term performance trounces what the broad stock market delivered over the same time frame…

It’s orders of magnitude higher than what Wall Street typically offers…

And it’s even superior to the returns generated by the likes of Warren Buffett, Peter Lynch, and George Soros.

So what is our secret?

In addition to working hard, and never settling for anything less than the best, it’s pretty simple…

We Do Asset Allocation the Right Way

Asset allocation is the process of deciding what percentage of your money should go into each of the different investment categories.

THE WEALTH FORMULATHE NO. 1 WAY TO 9X YOUR PORTFOLIO

By Teeka Tiwari

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And JPMorgan’s paper goes on and on about the topic for good reason…

Studies show that roughly 90% of your overall returns come from asset allocation… not the indi-vidual investments you select.

So if you ignore asset allocation, you’re only setting yourself up for 10% of what you could be making from your investments. But this strategy can help you potentially increase your returns by 9x.

However, there are two fundamental flaws in the way that Wall Street does asset allocation.

Mistake No. 1 is the percentages they typically recommend.

Just consider the standard 60/40 asset alloca-tion that Wall Street pushes on most Americans. Under that model, you put 60% of your money in stocks and the other 40% in bonds.

If you were to go into the typical adviser’s office right now, this is still the basic plan you would probably receive – maybe with some variation in the percentages based on your particular age, financial situation, and goals.

But even the JPMorgan report acknowledges the traditional 60/40 model is broken.

In its own words:

Given low bond yields and high starting valuations for stocks, our forecast returns for a simple domestic 60/40 U.S. equity/U.S. aggregate bond portfolio get us barely half-way to a 7% annualized return target.

Yes, you read that right. JPMorgan expects the typical 60/40 portfolio to produce roughly 3.5% a year going forward.

So it’s now telling its richest customers to con-sider other assets like private investments and real estate as ways to get better returns than the standard 60/40 portfolio.

As you know, we’ve been recommending these same asset classes to you for many years already.

And the fact that we have always gone far beyond the traditional world of stocks and bonds goes a long way toward explaining why our performance numbers are light years ahead of just about every-one else’s.

Of course, what’s absolutely crazy is that cryptos aren’t even mentioned in that JPMorgan report.

That’s the second, even bigger mistake that most of Wall Street is still making.

They are wildly behind the curve when it comes to embracing assets outside of the traditional stock and bond categories.

Talk about a colossal blunder.

A quick look at our portfolio shows open gains from Bitcoin (BTC) and Ethereum (ETH)… both of which we’ve been recommending since 2016.

That’s on top of open gains from Monero (XMR) and Ripple (XRP), both recommenda-tions going back to 2017.

So the fact that JPMorgan still isn’t even recom-mending these kinds of opportunities to its very best clients shows you just how far behind the rest of the world still is… and how much future upside some of our favorite investments still have.

Why do they continue to ignore cryptos, collect-ibles, and other truly alternative assets?

I’m sure they would say many of these ideas are still “too risky.”

Which exposes the biggest problem with Wall Street’s thinking – they’re afraid to embrace any-thing new, even in tiny amounts.

In contrast, we recommend putting very small stakes in new investments that can radically alter your life for the better.

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Because the real risk isn’t losing a couple hundred dollars here or there.

It’s missing out on the chance to do many times better than 7% a year.

And by the time everyone else has fully embraced new ideas, the life-changing gains have already been made.

Even better…

Our Asymmetric Investing Approach Actually Makes Your Portfolio Safer

Recommending assets of all different types gives us the chance to profit from a wide range of trends.

It keeps our money growing even when tradition-al markets are stagnant or dropping.

And in doing so, it lowers the risk we’re taking.

Indeed, while our portfolio has been beating the market four times over, we’ve done it with around 20% LESS volatility than the S&P 500.

We can measure that by calculating our positions’ beta over their respective holding periods. Beta is a measurement of a security’s volatility compared to the market as a whole.

A beta above 1 means that a portfolio is more volatile than the market it is being compared to. A beta below 1 means the portfolio is less volatile than the market.

Compared to the S&P 500, our portfolio record-ed a beta of 0.81 in 2021. We also factored in the lack of singular price movement across our real estate and collectibles positions.

In other words, we made far more money, yet avoided the crazy roller coaster ride of ups and downs most other investors endured.

That’s the power of proper asset allocation.

But we take things a step further by making rel-

atively small bets on investments that can make life-changing gains.

This “asymmetric” approach gives you the best chance to get massive winners without impacting your financial picture if things don’t work out.

We also occasionally recommend trailing stops for some of our positions. Those help cut losses quickly and take emotion out of the equation.

When you add it all up, this is why we have post-ed the best performance of any newsletter I’ve ever seen…

It’s why we have countless subscribers who have radically transformed their lives putting just small amounts of money into some of our recom-mendations…

And it’s why we will continue to wildly outper-form the traditional Wall Street approaches, in-cluding those reserved for the wealthiest clients.

So let’s take a closer look at the different asset classes we are currently recommending, and how much money you might consider putting into each individual category for 2022.

The Palm Beach Letter Asset Allocation Model

Instead of Wall Street’s two asset classes, we have nine. They are:

1. Equities 6. Cryptos

2. Fixed Income 7. Precious Metals

3. Real Estate 8. Collectibles

4. Private Markets 9. Cash

5. Bitcoin

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If you look at the chart on this page, you’ll notice our suggested alloca-tion sizes don’t add up to 100%. That’s because each one is unique.

Every investor has a different finan-cial road map – including monetary situation, risk tolerance, and invest-ment time horizon. So we don’t rec-ommend one-size-fits-all allocations.

You might keep a heavier allocation to Fixed Income. You might want to rely more on Equities. Or perhaps you want to move to the upper-limit ranges for alternative assets, such as Private Markets and Cryptos (we’ll explain why we treat Bitcoin and Cryptos as sepa-rate asset classes below).

Our basic framework gives you the flexibility to build a diversified portfolio that best fits your long-term investment goals. Plus, as I mentioned, we recommend other layers of protection.

For example, in addition to trailing stops, our rec-ommendations come with position-sizing guidance.

Note: Occasionally, an asset class may overper-form and exceed its allocated weight. For exam-ple, we recommend allocating up to 2% of your portfolio to cryptos besides bitcoin. But with cryptos starting to take off, they may soon make up more than 2%. As a rule of thumb, when rebal-ancing a portfolio tied to asset class percentages, it’s typical to bring them back in line if they de-viate more than a couple percentage points from your target weightings.

When you put it all together, this approach allows you to achieve whatever goals you’ve set… with-out taking outsized risks… without succumbing to emotion… and without exposing you to cata-strophic losses.

So now, let’s go through each of our nine asset classes one by one…

EQUITIES

We recommend Equities to take advantage of continued growth in the stock market.

Over the last century, the market has continued to climb higher.

Sure, there will be corrections and bear markets along the way. But the market has always moved on to new highs.

And we don’t expect that to change.

Over the last 50 years, the S&P 500 has been up 40 of those 50 years – or 80% of the time. And the stock market has returned an average of 11.1% per year since 1972.

History proves the highest likelihood of mak-ing money over time is in the stock market. And stocks have outperformed nearly every other asset class over that time.

Now, there are two ways we’ll benefit from Eq-uities: growth (price appreciation) and income (yields).

Growth comes from one or more drivers. Some-times, it’s a near-term catalyst that’ll push the price higher. Other times, a valuation is too cheap to pass on. Or maybe analysts predict huge earn-

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ings growth for a company, sector, or industry.

Meanwhile, the income is from dividend pay-ments.

And whether we’re targeting income, growth, or both, we’re investing for the long term with this asset class.

Equities: This asset class covers large-cap, mid-cap, and small-cap stocks across all sec-tors and industries. We also recommend ex-change-traded funds (ETFs) and closed-end funds (CEFs) in this category.

* We generally recommend allocating up to 70% of your portfolio to Equities.

FIXED INCOME

Since the 2008 Great Recession, the Federal Re-serve’s zero interest-rate policy has made it hard for ordinary Americans to find safe income with a decent yield.

At time of writing, the rate on the benchmark 10-year Treasury note is hovering around 1.7%. That’s 72% less than its 50-year average of 6.1%.

And other traditional income products yield vir-tually nothing…

For example, the average yield of a savings ac-count is just 0.06%. So for every $10,000 depos-ited, you’ll get back only $6 at the end of the year.

In 1995, you could’ve earned 4% on your depos-its. That’s $400 annually on a $10,000 deposit – or 67x more than today.

We’re in an ultra-low-interest-rate environment. And we don’t expect that to change anytime soon. Barring some unforeseen event, low rates are likely here to stay for a while.

But Fixed Income is still a must for every retiree’s portfolio. It’s crucial to provide reliable income not tied to stock market volatility.

So we identify methods that pay consistent, suffi-cient streams of cash. This income won’t waver or vanish with market fluctuations.

At time of writing, our three main platforms for earning income are BlockFi, Celsius, and Nexo. While all three pay substantial interest on cryptos, we also like them because they pay out-sized yields on cash.

By converting your cash to stablecoins pegged to the U.S. dollar, you can earn yields of up to 12%… 200 times more than the average savings account.

In a similar vein, you can also consider mining crypto for steady income-like returns. We recent-ly explained exactly how the process works and ways to get started here.

Fixed Income: This asset class includes bonds, short-duration securities, preferred stocks, annu-ities, ETFs, CEFs, and bond-like alternatives, as well as alternative income opportunities such as BlockFi. We’re constantly hunting for opportuni-ties that provide above-average yields.

* * We generally recommend allocating up to 60% of your portfolio to Fixed Income.

REAL ESTATE

Real Estate is one of the best wealth-generating assets available. And rental real estate bought for cash flow is a reliable way to get solid income while growing richer.

Our rule of thumb for buying rental real estate is eight times gross rent for properties in perfect condition.

So if a piece of property generates $10,000 per year in gross rent, you’ll pay up to $80,000 for it (but less if it needs work).

If you don’t have much money to invest, you can always join a real estate investment club. Just make sure to do your due diligence. We also rec-

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ommend two platforms, Groundfloor and Re-altyMogul, as ways to get involved in real estate for as little as $10. You can read more about both platforms in our report here.

And finally, we’re also set to capitalize on real es-tate through a few of our equities. Specifically, our REIT, Essex Property Trust (ESS), and eXp World Holdings (EXPI), which is revolutioniz-ing how the real estate brokerage business works.

There’s no substitute for Real Estate in a well-di-versified portfolio. It offers cash flow, diversifi-cation, and tax benefits. Be sure to invest part of your wealth here.

Real Estate: We prefer owning rental real estate directly. But we regularly offer other alternative ideas for exposure to this asset class – including REITs (real estate investment trusts), real estate funds, and real estate crowdfunding platforms.

* We generally recommend allocating up to 50% of your portfolio to Real Estate.

PRIVATE MARKETS

Private Markets have always been a place where the rich get richer.

Back in the 1980s and ’90s, all you had to do was buy a diversified portfolio of private tech stocks and hold them. When you cashed in, you’d buy 10-year bonds with an average yield of 9%. And you’d be set for life.

For example, if you bought private shares of Goo-gle back in 1999, you could’ve sold those shares for 300x a year after the company went public in 2004. A $5,000 investment could have turned into $1.5 million.

Too bad most of those opportunities were only available to wealthy investors and well-connected Silicon Valley insiders. Realistically, big venture capital (VC) firms sucked up most of the best deals.

However, rule changes by the Securities and Ex-change Commission (SEC) have opened the doors to this asset class for everyone. And there’s still serious return potential in private markets.

Over the last 25 years, the U.S. Venture Capital Index posted an annualized return of 27.8% per year through June 2021. In contrast, the S&P 500’s annualized return over the same period was just 9.7% per year.

That means “private” market investing nearly tri-pled the return of “public” market investing over the last quarter-century.

Right now, we’re using two funds that give us broad exposure to the private market in general: the Private Shares Fund (PRIVX) and the De-fiance Next Gen SPAC Derived ETF (SPAK). And we’re on the lookout for private deals involv-ing standalone companies that you can invest in.

For massive gains, it’s essential to have an alloca-tion to Private Markets.

Because of the risk that comes with this asset class, we use an “asymmetric” strategy. So you only have to risk a small stake for potential gains of 10x, 50x, 100x, or more.

Just one Private Markets investment can have a huge effect on your portfolio – even if it’s a small allocation.

Private Markets: This asset class includes pri-vate companies we believe are buyout targets or will file for initial public offerings (IPOs). Today, that’s available via a traditional IPO, direct list-ing, or SPAC (special-purpose acquisition compa-ny). Private Markets are risky. That’s why we’re extra cautious with our position sizes and recom-mend you put no more than $200–400 for small-er accounts and $500–1,000 for larger accounts into these types of plays.

* We generally recommend allocating up to 5% of your portfolio to Private Markets.

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BITCOIN / ALTCOINS

If you’ve been following me since 2016, you know I’ve been a big proponent of crypto and its under-lying blockchain technology.

Blockchain technology will revolutionize nearly every facet of our lives – from how we bank to how we transact for goods.

And it has already created an exciting new asset class that’s minting millionaires.

I’ve always said everyone needs to add some cryp-to exposure to their portfolios, and that’s becom-ing truer every day.

Now, recently we divided this asset class into two categories: Bitcoin and other cryptos, which are called Altcoins.

We’re separating Bitcoin from other cryptos because we believe it serves a different purpose from Altcoins, which are more speculative.

When we first recommended bitcoin in 2016, it still had many risks. So, we combated those risks by using small, asymmetric position sizes.

But things have changed. The traditional financial system is embracing bitcoin as a serious asset. And bitcoin is rapidly becoming a more reliable store of wealth against rampant money-printing and inflation than the traditional method: gold and precious metals.

As we discussed here, bitcoin has many of the same advantages as gold, but fewer drawbacks. Bitcoin is equally scarce, durable, and private. But it’s more easily stored, transported, and ex-changed than gold.

We’re seeing this play out before our eyes. De-spite unprecedented money-printing, gold has languished for yet another year (down 4.2%) while bitcoin has soared even higher (up 60.6%).

Plus, bitcoin’s mainstream adoption continues to

gain traction. Wall Street is scrambling to give its clients more access to bitcoin investments. The ProShares Bitcoin Strategy ETF (BITO) launched in October, becoming the first Bitcoin ETF in the U.S. Meanwhile, last year El Salvador became the first country to accept bitcoin as legal tender.

For these reasons, Bitcoin now holds a 10% weighting in our portfolio. This includes buying bitcoin itself as well as other financial instru-ments tied to bitcoin.

But we also believe your crypto exposure shouldn’t end with bitcoin. There are plenty of other opportunities to profit from altcoins.

Just as one example, we continue to believe Ethereum could easily rise another 5x from its current levels.

And with burgeoning megatrends like DeFi and the metaverse, many other altcoins and tokens have even greater potential.

However, it’s important to keep in mind these op-portunities are riskier and more speculative than bitcoin. So they make up a smaller percentage of our recommended portfolio.

Remember, cryptos also give you a great chance to make asymmetric bets. That means you just need a tiny stake to make life-changing gains. So we advise small position sizes for our altcoin plays.

Bitcoin: This includes the crypto itself as well as other financial instruments (such as ETFs) tied to the crypto.

Altcoins: This asset class includes major, large, reserve cryptocurrencies besides bitcoin like Ethereum, and much smaller, speculative coins like Enjin. For this class, we recommend you put no more than $200–400 for smaller accounts and $500–1,000 for larger accounts into these types of plays.

* We generally recommend allocating up

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to 10% of your portfolio to Bitcoin and up to 2% of your portfolio to Altcoins.

PRECIOUS METALS

The entire world – including the U.S., Europe, and China – has embarked on the greatest round of money-printing we’ve ever seen since the coro-navirus pandemic started in 2020.

President Trump got things started by signing into law the $2 trillion Cares Act in May 2020. Then, when President Biden signed the $1.9 tril-lion American Rescue Plan Act in March 2021, we crossed a new threshold.

According to USAspending, the U.S. government committed to spending $4 trillion across its agen-cies with these two packages, and it has already blown through 88% of that amount.

That’s more money than what the U.S. govern-ment spent on the 2008 financial crisis bailouts… FDR’s New Deal… and the Vietnam War com-bined… adjusted for inflation.

That type of government largesse has always ended up pushing gold (and other metals) prices higher.

That’s why we originally had a gold and precious metals allocation of up to 10%.

But despite this being the best environment for gold to move higher… it was barely doing anything.

So we decided to shift our strategy, increasing our allocation to bitcoin while reducing our exposure to gold and precious metals.

That has proven to be a very smart move. At time of writing, in the last 12 months, bitcoin has risen 56.3% while gold has fallen by 8.4%.

However, we still think you should have a very small amount of money in your portfolio allocat-ed to gold and other precious metals to serve as disaster insurance.

It could be financial Armageddon… a stock mar-ket freefall… or your bank going under…

Under some largely unforeseeable event like that, a tiny stake in gold could end up skyrocketing overnight and keep you afloat.

If you don’t want to own physical gold, you can buy a gold fund like our current recommendation, the Sprott Gold Fund (PHYS).

Unlike other funds, which are really just “IOUs” for future gold payments, PHYS holds audited gold that is available for actual delivery. Just know that the minimum delivery size is fairly large.

You can also consider PAX Gold (PAXG), a way to get gold exposure via the blockchain. PAX Gold is a digital asset with each token backed by 1 fine troy ounce (a bit heavier than a regular ounce) of a 400-ounce London Good Delivery gold bar. So when you own 1 PAXG token, you own 1 troy ounce of gold.

Precious Metals: This asset class includes our favorite Precious Metals – gold and silver (coins, bars, funds, and even cryptos). But there are oth-ers, including palladium, platinum, etc.

* We generally recommend allocating up to 1% of your portfolio to Precious Metals.

COLLECTIBLES

In addition to Collectibles being uncorrelated to the stock market, they possess two distinctive qualities:

• As hard assets, they maintain their value and protect on the downside.

• And they tend to outperform on the upside over the long haul.

In 2018, when almost all other asset classes lost money, the HAGI Top Index for rare classic cars was up 2.5%.

Zooming out over longer time frames, over the

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last decade, rare whiskey is up 546%, while the S&P 500 is up 257%.

And over the last 20 years, the Masterworks Post-War and Contemporary Art Index, which represents blue-chip artwork, had average annual returns of 13.1%. In contrast, the S&P 500 aver-aged 9.5% per year.

So investing in Collectibles is a great way to diver-sify your assets.

Unfortunately, many collectibles have been re-served for the uber-wealthy for decades. Who can afford a 1960s Ferrari, a Picasso painting, or a Honus Wagner baseball card?

Yet we’ve unlocked new, more efficient ways into this asset class through platforms such as Rally and Masterworks, both of which offer fractional-ized investing (owning a piece of an asset rather than the entire item). This gives everyday inves-tors exposure to collectibles. Our methods provide investment minimums as low as $10… minimal fees… and instant access with the click of a mouse.

We invest in collectibles as a financial safe haven, for capital appreciation, and to increase portfolio diversification.

Collectibles: This asset class includes antiques, art, cars, comic books, rare books, sports memo-rabilia, stamps, watches, wine, and more.

* We generally recommend allocating up to 5% of your portfolio to Collectibles.

CASH

Cash is the universal asset class because everyone needs it. And we like it because it provides op-tionality.

You never know what life can throw at you. Stocks could fall 50% and give you a rare shot to buy dirt-cheap stocks. You could discover a lucrative business opportunity. Or you might get blindsided with a huge medical bill.

Whatever it is, Cash typically “meets the need” better than anything else. Therefore, it’s crucial to hold some. Periodically, we provide cash-like alternatives.

You should always keep a portion of cash on hand. Whether it’s for an emergency, a bear-mar-ket buying opportunity, or something else, you’ll be glad you had some.

Cash: This asset class covers actual cash, check-ing and savings accounts, money market, CDs, and certain cash-like ETFs and mutual funds.

* We generally recommend allocating up to 10% of your portfolio to Cash.

The Breakdown

We realize you probably own investments out-side the Palm Beach Letter portfolio. So here’s a general guide to use for what types of invest-ments fit where…

Asset Class Instruments Allocation

EquitiesStocks, mutual funds, ETFs,

CEFs, etc.Up to 70%

Fixed IncomeBonds, mutual funds, ETFs,

CEFs, CDs, annuities, bond-al-ternatives, etc.

Up to 60%

Real EstateResidential/commercial real

estate, REITs, etc.Up to 50%

Private MarketsPrivate equity, venture capital,

startups, etc.Up to 5%

BitcoinBitcoin, bitcoin-leveraged

instruments, etc.Up to 10%

CryptosAltcoins (cryptocurrencies

besides bitcoin)Up to 2%

Precious Metals Gold, silver, ETFs, etc. Up to 1%

CollectiblesFine art, collector cars, fine

wine, etc.Up to 5%

CashCash, money markets, cash-

like alternatives, etc.Up to 10%

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This is our basic asset allocation model. Over time, we’ve safely beaten the market using this approach.

And while we cover all of these different oppor-tunities in our monthly newsletter issues, we also recognize that some are simply too small to publish to more than 160,000 readers.

So if you want to be more speculative and po-tentially boost your returns even higher, we also have specialized Palm Beach Research Group ser-vices listed below that can help you do just that.

Alpha Edge... Fixed Income (Options)

Palm Beach Venture... Private Markets

Palm Beach Confidential... Cryptos

Palm Beach Crypto Income... Cryptos

Bringing It All Together

Investors spend their entire lives searching for some secret that will give them an edge over ev-eryone else…

A special idea or strategy that hopefully can produce a couple extra percentage points here or there…

And they pay through the nose hoping Wall Street firms can deliver what they’re looking for.

They typically end up worse off – paying more for subpar results.

In fact, based on JPMorgan’s own research, the standard 60/40 portfolio will return a meager 3.5% a year going forward.

Even the firm’s plan for its best clients is only designed to do 7% a year, before fees.

Our approach is completely different. The cost to you is minimal. And the results speak for them-selves.

All you have to do is consider the full range of assets available…

Allocate your money to each category appropri-ately…

And use a little bit of the proceeds from your core positions to make small, smart speculations on investments that can deliver truly life-changing results.

That simple change in my thinking has created the best long-term track record of any financial newsletter that I – or my team – have ever seen.

It has allowed us to outperform some of the big-gest, most famous money managers in history.

And I have absolutely no doubt it will continue to work wonders in 2022 and beyond.

You just need to put it into action and enjoy the results.

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To contact us, call toll free Domestic/International: 1-888-501-2598, Mon-Fri: 9am-7pm ET, or email us here.

© 2022 Common Sense Publishing, LLC. 55 NE 5th Ave, Delray Beach, FL 33483. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher.

Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation—we are not financial advisors nor do we give personalized advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and there is no obligation to update any such information.

Recommendations in Palm Beach Research Group publications should be made only after consulting with your advisor and only after reviewing the prospectus or financial statements of the company in question. You shouldn’t make any decision based solely on what you read here.

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Palm Beach Research Group expressly forbids its writers from owning or having an interest in any security that they recommend to their readers. Furthermore, all other employees and agents of Palm Beach Research Group and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a printed publication is mailed.