| Well, if you took our maximum loss (25%) on our maximum position size (4%), your stock portfolio would be worth 1% less. That's not bad for a worst-case scenario. Unlimited upside potential with only 1% downside risk is smart risk management, which is what we specialize in. I've been Chief Investment Strategist of The Oxford Club for 24 years. (For 16 years before that, I was a research analyst and portfolio manager on Wall Street.) Our portfolios have beaten the market by a considerable margin over those 24 years. That doesn't mean much, unfortunately, because everyone in our industry claims that they are slaying the market. But are they really? (There's a reason the PGA requires another player to attest to each player's scorecard.) Everyone has investment ideas that work out. And everyone has investment ideas that don't work out. We are no different. But we never let a small loss turn into an unacceptable loss. And when our ideas work out, the returns are often extraordinary. For instance, a year ago I warned readers here that The Magnificent Seven was becoming the most overcrowded trade on the planet. And while I conceded that these seven companies - Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla - were likely to remain dominant, it was not possible for them to continue the fabulous returns over the next few years that they gave over the past few. (Their trillion-dollar-plus market caps make that a virtual certainty.) I recommended that Oxford Club Members invest instead in a group of smaller, up-and-coming technology firms that I dubbed "The Next Magnificent Seven." A year later, the S&P 500 is up 13%. The Magnificent Seven are up 21%. And The Next Magnificent Seven? They're up 86%. Seven times as much as the market. And four times as much as the original Magnificent Seven. Now that's serious outperformance. And a big reason why so many Liberty Through Wealth readers have become Oxford Club Members. If you'd like to become a provisional member of the Club, an annual membership costs $49. And we're happy to refund your money if you're not completely satisfied. However, there's another important factor that sets The Oxford Club apart from the competition. And it's this: We understand that money is not the most important thing in your life. It's the people you care about. That's why I write a column in our flagship newsletter The Oxford Communiqué each month called "Beyond Wealth." Over the years, it's generated more positive feedback than anything we publish - including The Next Magnificent Seven. Over the next couple weeks, I'm going to be out of the country. And my editor - Nicole Labra - said she'd like to run a few of these columns here in Liberty Through Wealth. I'm happy to share them with you. (If it also encourages you to become a dues-paying Oxford Club Member, even better!) Because we focus on just one thing at the Club: ideas that lead to a richer life. That's what sets us apart. And it's another reason you should join the Club if you haven't already. Go here now for more information on how to sign up. Good investing, Alex | 
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