This one comes in as part of a teaser letter for Steve Sjuggerud’s special higher cost newsletter, Sjuggerud Confidential …
“the thing is, finding the bank that didn’t get into U.S. real estate, didn’t fall victim to exotic financial instruments, and didn’t take on too much risk, is like trying to find a needle in a haystack …. However, after some very in depth research, I’m pleased to report that I’ve found such a bank.”
Sjuggerud describes this letter as his way to recommend lower volume or more obscure stocks that he “keeps secret” and saves for the privileged few. That is, of course, the way almost all newsletters make money — get you interested with a $50 subscription, then sell and sell and sell and sell until you’re willing to try a $1000 or $5000 subscription.
It must work pretty well, because pretty much all of them do it. Even the Motley Fool, often described as champions of the little guy, has tried trotting out higher cost newsletters that are more “exclusive&