The name suggests exclusivity. “Liberty checks” are surely reserved for U.S. citizens only.
Fortunately, it’s not so. Anyone can collect liberty checks.
Prem Watsa knows this. He’s set to collect $45.8 million dollars in liberty checks within the next month.
Who is Prem Watsa, you ask?
Watsa is a Canada-based investor. He runs a financial conglomerate modeled on Berkshire Hathaway (NYSE: BRK.b) that invests heavily in publicly traded stocks.
Prem Watsa has been glossed the “Warren Buffett of Canada.” The appellation is appropriate because it has been earned.
Watsa’s financial conglomerate has kept pace with Buffett’s financial conglomerate over the past 15 years. Not only has Watsa’s financial conglomerate kept pace, it has set the pace. Watsa’s financial conglomerate has outperformed Buffett’s.
Watsa has proven his investing acumen. Perhaps we should vet Watsa’s liberty-check-paying investment.
The company paying Watsa’s liberty check windfall is a leading producer of market pulp, tissue, wood products, newsprint, and specialty papers. The company is actually headquartered in Canada, but its shares trade in the United States. Its financial results are reported in U.S. dollars.
So, we have another assumption dispelled: Non-U.S. citizens can collect liberty checks. Non-U.S.-based companies can issue liberty checks (though most liberty checks are issued by U.S.-based companies).
Watsa owns 30.54 million of this paper company’s “liberty vouchers.” What’s more, his liberty-voucher investment generates not only a large payment for Watsa ($45.8 million), it generates a large income yield.
The particular paper company will pay $1.50 in liberty checks on each liberty voucher owned. The liberty checks generate an income yield in excess of 13% based on the market price of the liberty vouchers.
The good news is that you, too, can buy liberty-check-paying liberty vouchers like Prem Watsa. You might be unable to buy 30.54 liberty vouchers in one shot, but you can still buy them. Liberty vouchers are no velvet-rope investment.
What’s more, you set the limit. You can buy as many or as few liberty vouchers as they want.
With a modest investment, investors will collect $1,330 worth of liberty checks buying the paper company’s liberty vouchers. Many investors of modest means will collect even more.
Knowledge is king, of course. You’ll need to know what to know how and when to buy liberty vouchers to collect high-yield liberty checks. The how and the when is easy enough.
I will show you how to do (and when to do it) at a free, live webinar I will co-host on Dec. 6 (next Thursday) at 2 p.m. EDT (11 a.m. PDT).
I’ll show you how to buy liberty vouchers to collect high-yield liberty checks like Prem Watsa. I’ll also show you how to trade liberty vouchers to generate additional profit.
I’ve recommended 46 liberty vouchers since June 2016. The liberty checks issued on these liberty vouchers have generated income yields ranging from 4% to 41.2%.
The average income yield generated by liberty checks paid on liberty vouchers has been 11.5%. That’s an income yield 6X the dividend yield on the S&P 500. The liberty vouchers of the companies I’ve recommended have generated total returns as high as 51%.
We have no velvet rope. Anyone can buy liberty vouchers to collect liberty checks. Anyone can attend the webinar.
That is, anyone who acts now to reserve a space. Don’t delay, space is limited to the first 1,000 registrants.
Click here to reserve your spot for this special free event. I look forward to seeing you next Thursday.
‘Canada’s Warren Buffett’ Exploits Loophole to Collect Millions in Liberty Checks
by Ian Wyatt