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What follows are facts, figures, resources, and full testimonials from the previous promotion for S&A Alliance.

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Phase 1 Investor – Three 100%+ Winners

Virginia Mines (VGQ) recommended on March 29, 2010 at $6.44
Current Share price: $13 (as of September 25, 2014)

Integrated Device Tech (IDTI) recommended on February 3, 2011 at $7.26
Current Share price: $15.80 (as of September 25, 2014)

Fission Uranium (FCU-V) recommended on March 5, 2013 at $0.48
Current Share price: $1.03 (as of September 25, 2014)

Asia Strategy Report – First Three Recommendations

PetroChina (PTR) recommended on June 20, 2003 at $27
Six months later: $63.70

Sinopec (SNP) recommended on June 20, 2003 at $24
Six months later: $49.90

Huaneng (HNP) recommended on June 20, 2003 at $42.90
Six months later: $75.55

Stansberry Alpha – First Two Recommendations

MGM Resorts (NYSE: MGM)

Opening Action


Ref Date

Ref Price

Sale Date

Sale Price



MGM Jan 14 $15 calls







MGM Jan 14 $10 puts






Combined Position

Purchase Obligation


Opening Credit as % of Margin*

Opening Credit

Sale Market Value


Sale Return on Margin**








return on capital at risk:


Chicago Bridge and Iron (NYSE: CBI)

Opening Action


Ref Date

Ref Price

Sale Date

Sale Price



CBI Jan 14
$45 calls






CBI Jan 14
$35 puts





Combined Position

Purchase Obligation


Opening Credit as % of Margin*

Opening Credit

Sale Market Value


Sale Return on Margin**








return on capital at risk:



Matt Badiali’s Call on Pretium Resources (PVG)
Alliance Conference, 2013
Pretium (PVG) Price on 11/18/2013: $3.10
Pretium (PVG) Price on 11/25/2013 : $5.83 (84% higher)

Chart: <>


David Lashmet’s Call on Dolby Labs (DLB), Ericson (ERIC)
and Corning (GLW)
Alliance Conference, 2012

Dolby (DLB) Price on 10/25/2012: $31.23
Dolby (DLB) Near-Term High on 5/11/2014: $45.16 (44% higher)
Chart: <;range=2y/>

Ericson (ERIC) Price on 10/25/2012: $9.07
Ericson (ERIC) Near Term High on 9/18/2014: $14.19 (56% higher)
Chart: <;range=5y/>

Corning (GLW) Price on 10/25/2012: $12.09
Corning (GLW) Near Term High on 7/7/2014: $22.27 (84% higher)

Steve Sjuggerud’s Call on Bank Warrants
Alliance Conference, 2011

 JP Morgan Warrant (JPM-WT/WS) Price on 10/27/2011: $10.50
Current Price as of 9/17/2014: $19.49 (85% higher)
Chart: <;_ylt=AqFt9OrTDhmrxBQCj8OY782iuYdG;_ylu=X3oDMTBxdGVyNzJxBHNlYwNVSCAzIERlc2t0b3AgU2VhcmNoIDEx;_ylg=X3oDMTBybThhcXE1BGxhbmcDZW4tVVMEcHQDMgR0ZXN0AzUxMjA0Mw–;_ylv=3?uhb=uhb2&fr=uh3_finance_vert_gs&type=2button&s=jpm-wt+/>

PNC Warrant (PNC-WT/WS) Price on 10/27/2011: $10.83
Current price as of 9/17/2014: $24 (121% higher)
Chart: <;_ylt=AjaFDGReUWDuj113pGx2sxMnv7gF?uhb=uhb2&fr=uh3_finance_vert_gs&type=2button&s=pnc-wt/>

Wells Fargo Warrant (WFC-WT/WS) Price on 10/27/2011: $8.73
Current price as of 9/17/2014: $20.69 (137% higher)
Chart: <;_ylt=AjaFDGReUWDuj113pGx2sxMnv7gF?uhb=uhb2&fr=uh3_finance_vert_gs&type=2button&s=wfc-wt/>


1. David M.

Received: July 11, 2014


Well, it’s been 10 years for me as an Alliance member. At that time, when I told my brother-in-law about it, he said “how long do you think it will take to recover the investment”? Good question, no answer. In hindsight, it was my best investment ever! Actually, at times the full amount has been recovered in only a few days. Today, my portfolio consists of 16 equities, 10 ETF’s/closed end funds, and 3 option positions. The source of every position is a Stansberry recommendation. The quality, value and educational content of the information conveyed from this membership has proven to be priceless. Ten years later, I am pleased that I took that leap of faith. This membership does provide privileges, that I enjoy almost daily. Thanks.

2. Gary K.

Received: July 22, 2014


Well, it’s been 10 years for me as an Alliance member. At that time, when I told my brother-in-law about it, he said “how long do you think it will take to recover the investment”? Good question, no answer. In hindsight, it was my best investment ever! Actually, at times the full amount has been recovered in only a few days. Today, my portfolio consists of 16 equities, 10 ETF’s/closed end funds, and 3 option positions. The source of every position is a Stansberry recommendation. The quality, value and educational content of the information conveyed from this membership has proven to be priceless. Ten years later, I am pleased that I took that leap of faith. This membership does provide privileges that I enjoy almost daily. Thanks.

3. Henk W.

Received: July 23, 2014


First of all: congratulations to Porter and his team with this milestone!
For me it started in 2003 or 2004, when I read a free but interesting article written by Steve Sjuggerud.
In 2005 I became an Alliance member.
That was a major investment that cost me at least one sleepless night.
But it turned out to be the best investment ever.
In 2010 I attended the Alliance Meeting in Zurich, which was an unforgettable day.
For me the biggest return is not even in the profits I made from your recommendations.
The main benefit is in the education I receive, not just about investing, but also about the financial system, history, politics, “Amerika”, books, experts, creative minds and: marketing.
As Porter always says, “there is no teaching, there is only learning”. I don’t know whether that’s the whole truth, but receiving a ton of high quality information in your inbox every day, makes learning a pleasant and easy task for a curious mind.
You guys do a world class job. Thank you so much and keep up the good work.
Best regards.

4. Tyler S.

Received: July 23, 2014


Hey Guys, 

Where do I begin?  Being an Alliance member has influenced many aspects of my life in many different ways.  When I first paid for the membership, I probably couldn’t afford it.  I was just starting my career as a family dentist, and starting to get interested in investing, politics, economics, and life in general.  Prior to that I was a student and my focus was on my studies and little else.  I thank my lucky starts that, even though I shouldn’t have purchased a membership because my finances were modest, I purchased it anyway.  Things I’ve learned from Porter and the other members of his team have saved me from many investment mistakes I probably would have made.  It’s been a good thing that I’ve learned about investing before I actually had much money to invest.  

Beyond the obvious investment knowledge gained from my membership, the best piece of advice I gained from Stansberry was to read the Uncle Eric series.  I shared this feedback with Porter and Aaron shortly after Mayberry was a guest on their radio show.  Aaron actually shared this on the air in a following program.  I was flattered…

So now I’m a libertarian, and I love it!  It’s helped me to think clearly about the world around me.  The news does a good job at confusing people.  Without the clear foundation of libertarian thinking, it would be impossible to make sense of it all.  

Porter has also taught me a lot about business in general.  This has made me a better business owner and operator.  Just like Porter, we try to maintain the highest standards of our product and customer care.  We treat our patients the way we would like to be treated.  This has brought me enormous success.  Also, I’ve learned to build my business in creative ways that make us much more profitable without all the large capital expenses.  Growing a business the way I have is unique in my field.  But thanks to you guys, I think in terms of capital efficiency.  I try to make the most profit from what I have instead of spending a ton of money on a new building, for example.  

Back to investing.  I don’t pay people to invest for me.  By doing a lot of reading and studying, I can do just as well as any money manager and save on fees.  This is very important to me.  Being in a higher tax bracket, I’m a target for people who would love to “help” me manage my money.  Money that I now have thanks to Porter, and by living well below my means (I save at least half of what I take home).  

So in short, yes I learned about investing and have made good returns – just as I was promised.  But I’ve also learned a better philosophy on life, and I’ve learned how to be a better businessman and entrepreneur.  

Thanks guys.  My Alliance membership is worth much more than I paid for it.  Keep up the good work, and I hope one day to be able to meet you and shake your hands.  

Warmest Regards

5. Alex R.

Received: July 22, 2014


Paying 6k for my alliance membership, was my best decision ever.

I had been reading your stuff through 21st century alert.

At the time, it was really expensive, but i decided to take the plunge, become a member, and ditch 21st century alert.

You taught me how to be a great investor, with your “be greedy when others are fearful…”, “cheap, hated and in an uptrend”, “cocktail party indicator”. 

By applying your principles, you saved me from buying aCondo in Miami in 2006, made me tons of money in the silver bull market, buying a Condo in Miami in 2011, when things were getting from bad to less bad, and now, making lots of money selling puts. Ofcourse you saved me from Facebook, twitter, GoPro, and all that rubbish.

I beleive, value is not in your individual recommendations, which are 50/50 chance of wining and losing, only Doc, is the one getting all right (with 90% chances by selling puts), but in your teachings. Reading the digest, is a must for me everyday.

Those 6k, where the best money ever invested, thank you for your teachings. 

6. Terry D.

Received: July 22, 2014

Text: To whom it may concern - 

I started out watching Porter’s End of America thesis after listening to the advert on the radio while driving to work one day.  It made so much sense to me that I signed up for The Digest.  Soon I was signing up for other newsletters and finally took the plunge and went all in and became an Alliance Member.  It is difficult to quantify how much I have learned over the past few years, but I have been able to retire at the age of 56 and attribute this to what I have learned reading Stansberry.  Over the past 32 years, my wife and I have worked hard and saved hard and took every advantage of employer benefits such as Employee Stock Option plans, while living within our means raising two kids and putting them through college.  Nothing trumps hard work and we have been fortunate to accumulate a nice little nest egg.  Three years ago I started asking myself how we could use the money we saved to generate income to live on without depleting the original balance.  That is when I began to learn about selling puts and making Alpha trades.  I have done very well since then and have been able to replace my IT Manager salary plus some.  I don’t make every trade recommendation I read about.  I do my own homework and I design my own trades often.  I will give a quick shout out to Doc And Amber and if you want to trade options, their publications are a MUST.  I enjoy reading all of the Stansberry publications for the different perspectives.

As for retirement, I highly recommend it.  I understand it may not be for everyone but for me I lived my job for years.  Doing so, added a lot of baggage to my life and the stress level was often very high.  I knew no other way.  Today, I get up and do what I want.  I spend a couple hours a day typically reading and/or studying (sometimes a bit more).  The rest of the day is mine, to do whatever I want.  The nice thing is, I have time to do everything but need not do everything today.


7. Kimberly C.

Received: July 23, 2014

Text: I Love being an Alliance member and feel it was a terrific investment.  I have learned SO much and will be able to continue to keep informed and updated for life!  I get more information than I can take in, but part of being an Alliance member is receiving a compact weekly synopsis of what was printed the previous week….so I never feel as though I missed something!  I’m not comfortable giving away specifics, but suffice it to say that I have made more money trading options since becoming an Alliance member than I did in the corporate world by far!!!  I learn things and get ideas that I never would on my own.    I feel comfortable that I can earn an income stream in any market…. the Stansberry writers are excellent!

Thank you!

ps including a couple photos from 2013 when my husband (we’ve been happily married over 30 years!!) and I took a “bucket list” trip to Key West ….had the best time playing total “tourist” as you can see!

8. David M.

Received: July 22, 2014

Text: Well, it’s been 10 years for me as an Alliance member. At that time, when I told my brother-in-law about it, he said “how long do you think it will take to recover the investment”? Good question, no answer. In hindsight, it was my best investment ever! Actually, at times the full amount has been recovered in only a few days. Today, my portfolio consists of 16 equities, 10 ETF’s/closed end funds, and 3 option positions. The source of every position is a Stansberry recommendation. The quality, value and educational content of the information conveyed from this membership has proven to be priceless. Ten years later, I am pleased that I took that leap of faith. This membership does provide privileges, that I enjoy almost daily. Thanks.

9. Richard M.

Received: July 22, 2014

Text: By being an Alliance member, it has afforded me as a Financial Planner, Wealth Manager (small) to offer my clients a unbiased view and recommendations of what really is instead of the garbage promulgated by MSNBC and the biased newspapers. Your research is par excellent, you educational efforts in all phases of your work and offerings is the best and not only helps me understand and learn, but in turn provides my clients with a road map of sound investment knowledge , research and planning for their own individual financial plans.  Having been in the business for 54 years (EFHutton, Drexel Burnham, Oppenheimer and now Thank G-D independent (25 years) it is like a breath of fresh air to receive your information (certainly separating the wheat from the chaff.    Thank you, I am very appreciative.

10. Michael W.

Received: July 26, 2014

Text: Dear “Partners”,

I am a relatively new member of the S&A Alliance. I have been following S&A for a number of years but had my investment dollars tied up in another venture until the middle of last year. It didn’t take long before I decided to become an Alliance member and I am so glad that I did!

I listen to every podcast, read every newsletter, explore every book recommendation… I basically can’t seem to get enough! The problem that I have faced is what great info to focus on with the limited time I have available. I have a pretty intense full time job and a family to manage – and to be honest – I’m exhausted! This is what I consider a high-class problem and one that I am happy to have.

I am still a bit too new to write about any financial windfalls I have enjoyed thanks to being a member but I can say that my overall portfolio is up while I have also made some great income following Doc’s strategies. This is why I became a full member; but my membership means so much more to me. I feel like for the first time in my entire life (I’m 43 years old) I am hearing people state the real story on what is happening in this world – this is why I can’t get enough! My main question at this point is “Was I happier when I was just another ignorant American?” I haven’t resolved to an answer yet and I still have a lot learn…

I can safely state that my personal and financial goals have become clearer since joining. I have learned and now practice different approaches to increase my wealth other than investing in stocks. I find myself questioning everything I considered “normal” in the past – in a good way. I am demanding more from myself and working hard to voice my independent thoughts more freely. Quite frankly, I have grown up a lot over the last 9 months and have S&A to thank in a large way.

I haven’t been able to make to any of the S&A events yet. I am hoping to attend at least one by the end of 2015, once I have sorted out some of the logistics. Primarily I am looking forward to meeting the team providing all the great insights I have come to enjoy so much and to meeting other members like me.

I am looking forward to the next 15 years!

11. Herbert B.

Received: July 22, 2014

Text: I have only been an alliance member about ten years but during that time I have to credit your company with educating me quite a bit.  I have profited to the tune of several million dollars over these years.  I never in my investing career, which dates back to 1967, achieved the rates of return that I have in the last ten years.  My average return over this period is over 16% including dividends.  Keep in mind that during these ten years we had one very significant drop.  By following the investment advice of limiting losses, investing in world dominating dividend growers, and controlling the size of each investment has resulted great results.  Thanks for continuing to provide such a great service.  Investment in your product is probably my greatest investment.  

Sent from my iPad

12. Adriano R.

Received: July 26, 2014

Text: Hello, it is my pleasure to respond, congratulations on the anniversary, well done. First of all, I am brazilian, living in Brasil (mood is no great here because of the World Cup fiasco). Through all the years I have been a subscriber of Stansberry (I guess about 10 now), first of individual publications and then becoming an Alliance member, what I have learned to appreciate the most was not the money I made (and avoid to lose, which is also very important) was KNOWLEDGE. I have 2 degrees (Business Administration & Actuary), a MBA and a PHD in Economics – but is very true that I have learned much more about business, finance and economics through Stansberry than all my degrees combined – by far. And also important: worldly wisdom. Through your various publications, interviews, friends (Chris Weber is fantastic, I have also met him through you…and others), you learn about life itself, its values, history, culture. So I am richer, smarter and wiser today as a result…and I am deeply grateful – my “hat is off” to you guys.

13. Laura P.

Received: July 26, 2014

Text: When I first subscribed, in spite of being a CPA, I really knew nothing about investing. I began with a couple of smaller subscriptions. However, as I learned with those, I wanted more information. The Alliance subscription seemed expensive at first until I compared it to what financial investment advisors charge. Now I congratulate myself for subscribing when I did and locking in what now seems like a bargain price. I have never regretted the subscription. There is a lot of information out there about investing; but it’s difficult to comb through it and figure out what’s good and what to ignore. From the beginning of my first subscription, I felt comfortable with the information I received because it was presented in a logical, easy-to-understand way, was bolstered with mini-tutorials in relevant subjects, and made common sense. I have learned so much. I am able to venture into investing areas like options and short sales that I would never have imagined I could do. The subscription has broadened my knowledge in many other areas too because the information about the recommended investments is so comprehensive. I’ve learned about shipping, oil, natural gas, housing, government rentals, and many more areas. I love it!  I primarily invest through a self-directed 401(k), and my returns are above-average. Although I was nervous when I started down the path with what, at the time, seemed like a huge expense, I’ve never looked back, and I have a better life for it.

14. Patricia F.

Received: July 23, 2014

Text: I am replying to your call about my story as a S&A Alliance member.

Frankly, I do not have an exciting story to  tell but I would like to thank your publication for making me a wealthier and wiser person since I started reading your reports.

I am a Chinese woman of 67, married with two grown up children.  Hong Kong is my home town.  Most of life I have worked  in foreign banks.  When I retired from the banking industry I worked as a stock broker for 7 years before finally retired for good.  My husband is a skin doctor in private practice.  We have always kept separate account and I have always been financially comfortable, but I can only claim to be rich after my retirement.

I made my first bucket of gold trading Hong Kong stocks in 2000, five years after becoming a stock broker. When I retired in 2002, I started learning to trade U.S stocks.  I cannot remember how I came across Stansberry Research in the first place.  I think it was then called the “Private Investor”.   I first subscribed into Steve Sjuggerud’s True Wealth newsletter, was so impressed that I decided to become a S&A Alliance member.

I read your research material every morning since my retirement.  Even to this day, I am still doing it.  I did not make a lot of money trading U.S. stocks.  In fact, I have not been trading U.S. stocks for the last few year but I would like to tell you how your publication has helped me to avoid disaster, make wise decisions and gave me a really wealthy retirement.  More than just making money, I have the satisfaction of constantly making wise decisions for which my friends were amazed and admired.

In 2003, after reading your reports about the demise of the U.S. Dollar, I changed all my U.S. dollar savings into Australian dollars at the rate of exchange of 0.56 and have kept the Australian Dollars until now.  Not only had my savings grown very substantially but my money has been earning much higher interest all this time.

In 2005, I bought gold at US$450 per oz and have kept most of it until now.

In 2006, when I read from your reports how dangerous the U.S. property market was, and when I heard Hong Kong Bank bought Household International, I told all my family and friends to sell their Hong Kong Bank stocks.  Not too many people listened  because Hong Kong Bank, in the hearts of the Hong Kong people, is the bluest of blue chips, but my son, who had most of his savings in Hong Kong Bank stocks, did, and he sold his shares at HK$132 per share.   Hong Kong Bank eventually went as low as HK$33.  Although it has slowly moved up since and is presently trading at around HK$80, it never went up much more than HK$90 and stayed there.   Not many of my friends benefited from my advice, but they all remember that I was the smart one who could tell the impending crisis.

Here is the best part.  From Steve Sjuggerud,  I learned his strategy of the three steps in finding investment:  

1.  something that is hated

2.  that is cheap

3.  that has signs of  an up trend

In 2005,  I started buying properties in Hong Kong and Macau.  Hong Kong at the time was obviously starting on an up trend after a very depressed environment as a result of a killing virus, SARS, but Macau was still something that most Hong Kong people did not want to touch.  Actually, I started having my eyes on Macau properties  in 2002.  I was there for a holiday after not having been there for more than 10 years and found the city has quite beautifully changed.  When I heard in 2003 that a bridge would be built connecting Hong Kong, Macau and 

South China, I urged my family to have a look at Macau but was greatly discouraged. Nobody was interested although properties were very cheap.  Later on, Macau opened up its gambling licence to foreign investors and I could smell the beginning of an up trend market.  Everything fitted into Steve’s 3 criteria for an investment. I couldn’t wait any more.  In 2005,  I managed to convince my husband to join me in investing in Macau properties.  At that time Macau luxury apartments were selling at HK$1,800 per square ft when Hong Kong apartments were selling at HK$6,000. There was no way I could lose money in Macau properties. With the building of the connecting bridge and the opening of gambling licence, I strongly believed that the Macau economy would flourish.  Not only did I bought several properties, I also applied to become a Macau citizen.  Even the Macau officials were surprised that I did that because previously  Hong Kong is the envy of Macau citizens and not the other way round.  I did that because I remembered once having read in one of your reports that the Alaska Government had to distribute money to their citizens because they made of lot of money from their oil.  Alaska has a small population and it is possible for the Government to distribute money to them.   I thought the same would happen to Macau. With the opening of the gambling licence, Macau would make a lot of money from their Casinos.  It would be even better than Las Vegas because Chinese and Asian people are much heavier gamblers.  Macau has a small population, I was sure one day the Macau Government would have to distribute money to their citizens.  I told my friends all these but no one believed me.  When I applied for my Macau citizenship, sponsoring my husband at the same time,  we were the last lot to be on board.   Thereafter Macau closed application for citizenship.

I am now a permanent resident of Macau.  I have been for the last six years and will become a full fledged citizen in a year’s time, at the same time allowed to retain my Hong Kong citizenship.   During these years I have been receiving money from the Macau Government every year.  As residents, my husband and I each receive MOP4,800 per year.  When we become full fledged citizens, we will receive MOP9,000 per year plus more other benefits.  The payment, of course, could fluctuate according to the future income of the Government.  All my family members and friends were amazed how I could have figured out that Macau would give money to their citizens.

Between 2005 and 2007 we purchased 5 properties and 2 carparks in Macau.  I recently sold one of my wholly-owned properties, which I purchased in early 2007 at HK$3.4 million, and fetched HK$12.8 millions.  All our other properties have gone up by  similar proportions.  The two carparks I am still holding have gone up 10 times and are fetching rental return at more than 10% p.a.  I have decided that these two carparks, now worth more than HK$5 million, and their income would be left for contribution to charity as our return to society.

Between my husband and myself, we now own 20 properties in Hong Kong, Macau and China, all of which were purchased when the market was a bit sluggish, always bearing in mind Steve’s 3 criteria for investment.   They are all worth many times more than our original prices, making us very asset rich.  I am no longer active in stock trading, but I have a very substantial income from my property rental, stock dividend and deposit interest.

In the last few years, I have been putting my money in RMB deposits in China which pays around 4+% p.a.  Since the RMB has gone up quite a lot over the last few years, I have also gained from the exchange rate.  Again, this is according to Steve’s teaching which says money will always flow where it is treated best.

With the money we have,  we are able to give our two sons each a luxury flat  worth more than HK$10 million as a base to start their own home.  I am also able to help my less fortunate relatives and friends, and even people I don’t know.  I have to say that I am a happy and blessed retiree.

As my home town is Hong Kong, I keep only  Hong Kong listed stocks, now mainly for dividend income.  I don’t use the S&A reports for U.S. stock trading, but with the knowledge I learn from them, I am able to make use of the information to avoid crisis and build my wealth. The wise move years ago to become an S&A Alliance member has been extremely rewarding.  Reading the S&A reports is my regular activity to begin each day.   For the knowledge I get, I don’t just have become rich, but I have also gained a lot of respect from my family and my friends.  I am proud to say that I am the “envy” of lots other women.

15. Mervyn P.

Received: July 24, 2014

Text: I found after my corporate employer going through no less than 5 name, ownership, and management changes over 35 years that with the massive changes the last people were making that maybe accepting an improved retirement package might be the best option.  Today it is impossible to know if it was the best plan or not.  It was around that time I was offered a chance to join the Alliance.  I had some reservations.  After all a few young guys starting a service that was going to be great with a short track record so a lot depended on the reputation built up by Porter and Steve.

Now I have found that you have grown a whole office suite of experts in different approaches to markets and some very cutting edge analysis.  The integrity of the team is excellent.  Of course from time to time a selection goes bad and has to sold sometimes at a loss.  But you don’t hide from it and your good trades do very well.  I have only good things to say about S&A. 

I have family over in Ukraine and have found it necessary to give them some support.  I don’t believe I could have done that without being able to make some good trades with your help.  The cost of maintaining a home with roof replacement, replacement of major appliances, interior decorating and some vacations and travel all take lots of money.  It is not so much at this stage for me to make mammoth new wealth but it does allow keeping up with inflation and being able to maintain a life style.  Not everyone I know has found it easy in today’s economy.  It does help to have an edge in facing the ever changing times we are in.  So a thank you to Porter and all his assistants.  You guys (and gals) do a great job.

16. Al H.

Received: July 22, 2014

Text: I really think the Alliance price (way back when) was once of the greatest bargains in investment advice ever. I have earned probably 10-20 times that price every year since I joined, based on your advice.  Over time, comparing the investing styles and successes across your stable of analysts has enabled me to develop a style that works for me.

Moreover, the high quality of writing (in the letters, not the promotions) is so good, that reading even analysts that whose advice I don’t use is a treat; the writing in most other investment advice sucks by comparison.(The promotions don’t bother me–I have used direct mail marketing myself; I usually just skip them).

I have not been to any of the events–can’t afford the time, maybe when I retire–so no new friends or colleagues. But I still feel like part of the “family”, and know the quirks of each of the strong personalities on the team.

Mostly I value an education in investing that is its own reward, as well as providing for my retirement.

17. Philip C.

Received: July 23, 2014

Text: 1st year i really did not follow what i read. For years i loss ton’s of money. So won’t you think that i was smarter then all you people who have researched  every think you print.But at 74 years of age i am now a student of all you write and would you believe so far this year i am up about $ 65,000.00. Thanks to your entire staff for doing a great job. I am not much of a writer but again.

Thanks a $1,000,000.00 i hope

18. Dr. Vlado

Received: July 22, 2014

Text: Greetings!

Where to begin and what to say. First off I am overwhelmed by the financial success I have had with your recommendations. I have been a practicing ophthalmologist for 41 years and recently sold my practice. I enjoy reading all your articles and have made literally millions following your sagacious advice. My dividend income is in the mid 6 figures from YOUR suggestions. A large part of my income I give to charities. I have not had time to attend any alliance meetings due to family illness. The same for new acquaintances. 

With genuine appreciation and dedication to you I remain,

19. Bob A.

Received: July 22, 2014

Text: Our Alliance Membership has enabled use to have gains YTD equal to about 60% of our living costs in retirement. If this rate of return continues through the end of the year it means we won’t have to touch our principal for living expenses this year and will even be able to grow our net worth. This is even with holding about 30% cash for the year.  My greatest problem is deciding which S&A recos to invest in. Currently we have way too many positions even though almost all of them are producing great returns. Using TradeStops will hopefully protect us in the event of a downward move in the markets. Our latest positions have trended to international markets, energy, miners and technology which are all doing well and should continue to do so.  Listening to Steve S. I plan to start to ratchet up our stops towards the end of the year just in case the 9th inning of this bull market comes to an end. 

20. Alison S.

Received: July 22, 2014

Text: Happy birthday!

I joined as a member in around 2008 after sampling your and several other newsletters, and watched both the rationales and outcomes of those newsletters and your early letters as I invested over several years.  Then I ditched all but one of the other newsletters.  

When the economy crashed in 2008-09, I took a deep breath and started buying when you-all recommended it.  I’ve learned to hold fast and do nothing when others got twitchy and over-reacted to short-term events, and to use stop-losses to cut the bleeding when an investment craters (wish I’d learned that before the dot-bomb crash!).  I’ve confirmed that a rising market doesn’t make me an investing genius, that it takes money to make money, and not to fight the market (on the way down or up).

Today, thanks to our decades of hard work and saving and following many S&A recommendations, we have lots of money in our retirement accounts and we were able to pay all cash to send our two sons through Stanford.  I just replaced my old Toyota with a new BMW (finally giving my 6’7″ tall husband a vehicle that doesn’t head-smack him), paying in cash.  I also manage retirement accounts for my brother and my best friend, and both of them will be able to retire with 20x more funds than the average American because I follow S&A advice.  And I make (or lose) lots more money every day with our investments than I earn in my day job as a consultant.

I appreciate the diversity of views and investment styles and depth of analysis the S&A family offers.  I align best with Suggerud, Ferris and Doc, and think Porter’s a jerk politically but a genius manager and businessperson, and too early too often in his investment calls — but I respect and value his passion.  I don’t do options because I travel too much to be able to do the fast-response investments you recommend, and I wish you’d lighten up on the scorn you heap on those of us who choose not to act on your options recommendations.  I value my time highly and will NEVER use it to watch one of your video promos or radio podcasts — if it’s important information, write it down and don’t make me sit an extra 10 minutes at my computer to plow through cheesy, self-congratulatory cross-talk.  

Many thanks for the work you-all do, and thanks for asking — Alison 

21. John P.

Received: July 22, 2014

Text: “What does it mean to you… to be an Alliance member?” When first asked that question, it didn’t take long for me to think clearly of the answer. In short: it means a whole hell of a lot. Since first subscribing to True Wealth, I knew immediately upon reading that first newsletter that I had made the right decision, but I did not fully realize the value of the entire Stansberry organization until I delved deeper into additional subscriptions and my voracious appetite for even more information.

I finally took the leap in 2008 to join as an Alliance member and my original investment has paid me back many times over, not just monetarily. You see, as my curiosity to learn as much as I could in regards to finance continued to grow, I had already decided that my path in life lay not in my family’s construction business – which has been in business since 1905 – but in the finance world, more specifically in investing.

Since my background was in engineering rather than finance, I had to choose a route to take: go back to school or learn on my own. Naturally, I chose the latter because I love a good challenge (or I’m just a glutton for punishment, but I haven’t decided which was the case.)

You may be asking, “What does this have to do with your Alliance membership?” Simple: the knowledge I was able to impart from Porter and the Stansberry team while I’ve been through the ups-and-downs of my newfound passion has been invaluable, and I cannot express enough just how much it has helped me in my endeavors. (Not to mention, the research and recommendations, as well as the non-investment commentary, has been exemplary.) It has made me think more critically, from both an investment and business perspective, satiated my thirst for knowledge, yet continues to make me crave even more content.

While there have been other resources I have drawn from as I transitioned careers – mainly the experience gained working for a professional investor and the CFA program, of which I recently sat for the Level 3 exam – the wisdom imparted from the many editors at Stansberry helped me gain confidence when I began researching and putting into action investment ideas of my own.

Additionally, I’m proud to say that about a year ago, I started a firm – focused mainly in the venture and private equity arena – with two great partners, and again, it was due in large part to what I learned by studying and continually reading the content provided through my Alliance membership; it’s one of the main reasons I’m now in the position of being a partner in a growing business.

Finally, as my family and friends – some of whom once derided my decision to switch careers – now constantly ask me for investment advice, I continually refer them to Stansberry and Associates as the best place for their specific needs, whether they’re seeking a value, options or other strategy.

Although I’m just 32, I’ve concluded that the way we spend our free time is important; it should be used to learn new things, enjoy new experiences and build meaningful relationships with people who will add as much value to your life as you will theirs. It is with the utmost confidence that I can truly say that my Alliance membership falls into those categories and has been one of the best decisions I’ve made. I look forward to many more years ahead.

22. Steven W.

Received: July 22, 2014

Text: The benefit of being an alliance member are numerous. 

I love the Retirement trader/millionaire. Doc and his ideas have changed how I will invest for the rest of my lifetime which decreases my risk of getting into positions and at the same time, if the market just stays flat, I can generate put income but more on that in a minute.

Dan Ferris and extreme value/world dominators are also favorites of mine and I love when his articles come out as his investing style is consistent with mine.

I have with the above newsletter ideas, generated well over $225,000 of net put revenue in the last 30 months (and yes, that includes some errors along the way in selling puts on some risky mining stocks which have great premiums but the downside risk was painful for me but was a key learning to me). 

In addition, I love the idea of capital efficient businesses and Dan Ferris and to a lesser degree Porter’s ideas, have made me profits in the hundreds of thousands of dollars as well.

Making money on my investments is great but for me, but more importantly, learning is what I was after and I have to say, I have learned alot since becoming an alliance member. There is no shortage of ideas and I like that the various individuals do not always share the same views which makes it interesting and provocative.

I have not been to any of the outings but I have partaken in some of the live internet  sessions. They are good and I know it is a marketing opportunity but sometimes, have to wait along time for the one or two nuggets of information that may be meaningful. Maybe for an alliance member, summary of the ideas can be distributed thereafter.

Finally, alot of e-mails on new offers trying to expand the membership are sent out. Could you possibly exclude alliance members who have most of the newletters already so we are not bombarded with alot of e-mails that are not relevant as I already spent the money and am sold on the idea.

23. Norm H.

Received: July 27, 2014

Text: I have 4 lifetime subscriptions to Agora Publishing companies, and S&A is my favorite.  I have learnedso much from the publications, and look forward to them every day.  My Alliance Membership is notfor sale at any price. 

Thank you for this great service,

24. Michael D.

Received: July 23, 2014

Text: I am happy to tell you of my experience with the Alliance. Basically I find the entire S and A experience absorbing, very interesting and very likely life-changing. There is material that used by the sole possession of VERY overpaid bankers etc. Now I can read and digest this all by myself. I am privy to insights into how the world operates that very few other people can access. My financial literacy has gone ahead in leaps and bounds. Life is so interesting now. 

When I pressed the send button transferring $10k to a guy I had never met but only read articles from, it was in many ways an expression of trust. It was an experiment in human behaviour. What I was fascinated by was that this guy promised me nearly everything he published forever. And it was good. And well written. Of course the caveat was whether he would keep on writing and be true to his word. And Porter has delivered on his word. And then some more.  The new publications that just kept coming were of the highest quality. And as varied as they were interesting. 

I LOVE S and A radio. I listen most days to Altucher. But I actually often prefer PS because of his more positive approach to the world but James Altucher is a revelation on so many levels. His knowledge and experience are phenomenal. A little on the nihilistic side occasionally but he fights his demons in a humorous way. Aaron is excellent and his life story is amazing. The day JA changed tack and got AB to tell us his story was as riveting a piece of radio as I have heard. If you ever stop these radio shows I will be devastated. 

Another point I would like to make is that it is the freedom that Porter gives his analysts that makes the whole thing work. This requires a lot of leadership and confidence for an owner and I can see that his analysts are free, to a large extent, to pursue their ideas. Many readers think S and A should have some sort of editorial policy about everything from climate change to a particular stock. But they should realise that this is actually impossible given what S and A stands for. 

Basically this Alliance membership is the best, by far, of any investment of any kind I have ever made. A mere $10k for all the letters, radio and possible attendance at various conferences is just SO worth it it is hard to believe that not everyone takes it up. My world is a far more interesting one than before. And truth be told, it has often been the non-financial side of the company that has interested me. Especially S and A radio.

25. John D.

Received: July 23, 2014

Text: Gentlemen;

There are many wonderful things to do in the world that have little to do with money, and so I did not get seriously involved in investing until I was 35. At that age I saw the looming cost of college ahead for our two daughters, and the future cost of a good retirement for my wife and myself. My earliest investments were in mutual funds–until I was fed up with their mediocre performance, and I began to invest in individual stocks. 

When my father died in 2003, I became the manager of my mother’s estate and responsible for her annual income as well as her estate. My father was an economist and he only did an average job at investing, but my mother had inherited and held some excellent long-term stocks–like Abbott and Emerson Electric. I jumped in to catch up and learn everything I could. I subscribed to numerous newsletters–including Pirate Investor and Dr. Sjuggerud’s True Wealth–and then I “discovered” Dan Ferris.  Extreme Value matched (and matches) my personal investment approach better than anything I’ve ever found, and I quickly calculated that the Alliance was a very good deal even if all I ever read were Ferris and Sjuggerud. In fact, I’ve found much more as a member. I doubled the value of the estate before my two sisters and I inherited it, and much of that success came from S&A advice.

I’ve been a member since 2005 or 2006 (…hard to remember–I lived in New Orleans in August 2005 when Katrina hit, so I had  a few other things on my mind). Enough time (and enough Alliance price increases) have proved it to be an excellent investment both for its stock recommendations and its personal financial educational value. I like that membership provides a very wide range of newsletters and investment ideas and opinion, and that the editors sometimes disagree. Excellent for my restless mind. The range of investment approaches and opinions provided by the Alliance produces many excellent recommendations, and it allows your subscribers the opportunity to build their portfolios to match their personal preferences.

I have not broken down my Alliance vs. Other investments, but I would guess about two thirds of the stocks in my portfolios over the years have come to me from the Alliance. After 2008 I realized I needed more discipline and fewer speculations in my investments, and so I broke the total into five different investment types: deep (“extreme”) value, fundamental value with early growth prospects, oil & gas (an area I know well),  income, and tech. I used to have a gold account, based largely on John Doody’s recommendations, but I don’t now. And finally, I make a few speculations on the side, just for fun. These types, defined by purpose, allow me to remember and focus on the nature of each investment type without too much confusion. The first three types mostly include stocks recommended in the Alliance newsletters; for income and tech I’ve been more successful with non-Alliance recommendations. I’ve done very well with these accounts.

In addition I have an account with an award-winning New York financial investment firm; I’m sure you would recognize the name. This company has a very disciplined and technical investment approach–I deliberately selected it because it is so different from any approach I would take myself, and therefore it represents foundational diversification for me. The company has a successful track record, but still, on a year-by-year basis, using ideas from the Alliance, I have often done better.

Dan Ferris’ committment to value and the long-term picture, Porter Stansberry’s early unease and concern about the markets in 2007 and 2008, and Dr. Sjuggerud’s buoyant and insistent optimism in the Spring of 2009 brought me through the 2008 disaster with limited losses. It only took me just over a year to totally recover. Like many, I was in total awe of the massive, panicked selling going on, and the thoughtless, wholesale dumping of the stocks of great companies. Unbelievable; what history, and what a lesson. Not only individuals, but “professional”  and institutional investors–the people and financial companies that most people depend on–were overwhelmed and in total panic mode. The latter were dumping the interests of their clients as fast as they dumped their own stock holdings–another “valuable learning experience” in characterless ignorance and stupidity. I know many people who are still suffering from 2008, six years later–especially those with major holdings in mutual funds. I’ll never forget it, or stop feeling grateful for the Alliance newsletters. (I only wish I had more cash in the spring of 2009 !).

The only thing I disagree with in any significant way when it comes to Alliance advice, (other than Porter’s political rants, which are forgiveable in the light of his excellent stock recommendations) is the general brush-off (or disdain) you all have for MLPs. I acted like a “cat on a hot tin roof” when I first dipped my toes in the MLP world, and I kept my trailing stops very low and equal to the company’s payouts. But over the last five years I’ve found many MLPs to be very stable as well as very generous–even more than stocks. I’m very diversified (3% or less in each) and, I think, analytical and responsive when it comes to evaluating them. I’ve also had lots of time to weed out the volatile or uncertain MLPs. And I’m now relaxed about their performance. The result has been an average annual payout of 8.7% to 11.2%, plus an overall market appreciation of 10-20%–and most of this income is qualified and currently not taxed. Today, my MLP income portfolio provides a large part of my annual income/expenses.

Regards and Good Publishing,