If you missed Part One on how to integrate income and profits from savings, read Part One here, as this report will only be available free for three days.
“The Pruppie Factor – Seven Steps to Comfortable Living & Profits in 2017 – Part Two”
PIEC investing combines three types of investments. The first is your own business or businesses that you are comfortable with and know more about than any other.
The second are safe, liquid investments, blue chip types or the ultimate in stogy and safe, country index ETFs.
The third type of investments are speculative deals or safe investments that use timeless leverage.
There are two important ratios we need to set. The first is the ratio between the safe and speculative investments we hold. This will vary with every investor. Our needs in relation to our assets, the time we have to let our investments grow and most important, the level of comfort should be determining factors.
My ratio fluctuates between 80% safe and 20% speculative and 70% safe and 30% speculative.
The Perfect Ratio for Leverage
A research paper shows how Warren Buffett has used leverage to amass his $50 billion dollar fortune. The researchers found that the returns from Buffett’s investment company, Berkshire Hathaway, far outweighed those achieved by any rival that has operated for 30 years or more. The research shows that neither luck nor magic are involved. Instead, the paper shows that Buffet’s success hinges on using leverage at the ratio of 1.6 (or a 60% loan) to make large purchases of “cheap, safe, quality stocks”. In other words, if he chose million to invest, he would borrow an extra $600,000 and invest $1,600,000.
The Perfect Percentage for Each Individual
Buffett has amassed an amazing fortune by leveraging a good strategy for very long periods of time, surviving rough periods where others might have been forced into a fire sale or a career shift. He uses this in his borrowing: not too little, not too much, for him.
All investors need to know how much they can borrow. Financially and emotionally they need to stick for long periods and survive rough patches if that come along.
There are factors to consider when planning whether to use leverage or not and if so at which investment to loan ratio.
Factor #1: How long can we invest? We should avoid leveraging short term “get in and out investments”, unless we can afford to take an increased short term loss and have the discipline to cut that loss if and when it happens.
Otherwise we should plan to invest for at least a year (5 years is better) to let the leverage work.
Factor #2: How is our staying power? If we don’t want or can’t liquidate a loss, can we afford to put up a additional capital as additional collateral?
Factor #3: How much can we afford to lose? Leverage increases risk. We can quickly lose part or all of our investments. We should never speculate with savings that we cannot afford to lose. We should not use our emergency funds. We should not use the money set aside for our kids’ college education. We should not mortgage our house in the hopes that we are going to make some great profit. We cannot risk our pensions. (Pension law normally does not allow leverage.)
The more important the need and the sooner the need for that money will be, the lower the loan to investment ratio should be.
The most important factor is comfort.
How do we feel about taking risk?
For many years, I made speculative investments in equities and made some good profits from them. However, never once did I feel comfortable.
Some investors worry so much about their investments that the stress and strain to their nervous system is not worth any profit they might make. When to comes to equities, that’s me.
Speculating in real estate or currencies does not bother me much at all. Over the decades as I realized this, I dramatically reduced my speculative equity deals. I hold just one such investment now and later in this report we’ll review why that one investment does not bother me.
Stress can kill! We should never leverage a speculation if we are going to continually worry about it.
Be comfortable. A PIEC plan gives us a way to gain everlasting wealth and a feeling of security by being aware of and in tune with a fulfilling, strategic investment plan that goes beyond short term dollars and cents.
Too few investors ask the question, “Why do I want to be wealthy?”
We know that food has to be bought. Rent has to be paid. Taxes, bills, cars, gas, education, health care, entertainment all require money.
Yet these expenses do not require that we be really wealthy. In fact, as we saw earlier in this report, research shows that money’s ability to make us feel good is quite limited once we cross a threshold in the $75,000 a year range.
The link between having money and being happy is not strong because happiness comes in two ways “evaluative” and “affective”.
Evaluative happiness (a sense that we are progressing toward our life goals) keeps getting better as we earn more.
Affective happiness (how often we experience positive emotions like joy, affection and tranquillity, as opposed to negative emotions) does not rise much after a household reaches an annual income of around $75,000.
The research is clear. Growing happiness comes from achieving goals, not getting or being rich. When the process of making money is divorced from a long term strategy of completing fulfilling missions, the process of investing is more likely to engender fear and unhappiness, than a feeling of fulfillment and security.
When we invest without a personal, meaningful strategy; our investing logic can be turned upside down in numerous ways. We risk having a behavior gap.
For example, the Golden Rule of Investing #7 is to never measure an investment by its high or low price.
Price does not represent value! One of my clients (his name was Dick) taught me this lesson about 40 years ago. Merri and I were conducting London real estate tours. London property prices had crashed when most property prices globally were rising. Property investments there offered excellent value at that time. Dick heard my story and invested in a property related deal I had written about. Over the next 12 months, Dick’s investment doubled.
He asked me what to do. My reply was “If it were me, I would sell half the investment.” He did. The sale recouped his original investment. He had the same amount still invested so his profits could grow, or not. Over the next 6 months the price of Dick’s remaining shares rose 50% more. He called me in a rage, disgusted that he had sold half. He felt he had lost extra profit on the portion of the investment he had sold. Dick had gained three times his original investment in 18 months. Instead of being delighted with what he had gained, he was angry, frustrated and bitter over what he viewed as a loss.
He reinvested and never spoke to me again except one time. He called again. The share price had corrected dropping 70% in a short time. Because his reinvestment had been exactly at the highest (distorted) price, he was now in a loss position. His comment was “Why in the — had I ever suggested he invest?”
Dick should have been looking at a return of 75% in 24 months. Instead he had a 5% loss. The moral of the story is that Dick lost because he had no strategy except accepting the current share price of his investment as the final arbitrator of value.
If Dick had a longer term strategy and held onto his London real estate position he would have made a fortune. Few locations have seen as much property appreciation in the last four decades.
The biggest lesson I gained from Dick was the fact that he was not content, even when he had huge profits. With “profit as the only motive” investors are in doubt all the time. If the price skyrockets up, the frustration is not having invested more. If the price goes down, the frustration is having invested at all. Every price move creates doubt, insecurity and questions. “Should I invest more? Should I sell? Should I hold?”
The reality is that share price rarely reflects true value. In fact, the faster and higher an investment’s price rises beyond the rise of its income producing power, the lower its value. Fast rising prices often mean rapidly dropping value and vice versa. The higher and faster a share price rises, the less it takes for the price to turn around. The bigger the correction is likely to be.
There is a correct value for every investment. The problem is no one really knows what that value truly is. People argue about correct pricing. This argument is called a market… investors putting their money where their mouths (or beliefs) are.
No one ever really knows a correct price. There is always something we do not know because the true value of every investment is changing every single day. Value even changes each hour or minute. Factors, forces, events and conditions, far beyond a brain’s capacity to logically process, create changes in true value that no one can always know.
However as humans we all want to know the unknowable. This flaw in thinking creates a tendency to focus on price and confuse price with value.
What we should know are the wants, needs and desires, created by our unique purpose that we have chosen as our destiny.
We should then know how our investments help complete this purpose, in terms of profit and fulfillment. We should know how much we paid for investments, how much they are worth and the relationship between our investments and their income producing power.
Trying to know much more than this is counter productive. There is always something we do not know. When we invest, we will sometimes be wrong. George Soros shared an important lesson on what to do about this human frailty when he stated that he was wrong as much as anyone else, but just for shorter periods of time.
He is also quoted as saying: “The financial markets generally are unpredictable. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”
Soros realizes that it is human to not know everything. There is no guilt in being wrong. The only shame comes if we fail to correct our mistakes.
Dick’s mistake in London was that he tied his happiness to the price of his investment. When the price of his investment rose, he was upset because he wished he had more. When the price of his investments fell, he was upset because he had anything in that investment at all.
Focusing on investments at their current prices or its high or low price is short term thinking that can create a losing behavior gap.
Another reason many investors lose is because they want their investing to be exciting.
We can again learn from George Soros who said: “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
A few years after my experience with Dick, an investment adviser named Harris contacted me about an arbitrage deal with Japanese yen.
As far as I could tell, Harris was a well educated, conservative businessman who had earned a solid living and built a respectable estate so he could afford a comfortable lifestyle. He needed to work, but not much.
Somehow a con artist slipped his grips into Harris who otherwise seemed an intelligent, well balanced person. The scammer convinced Harris that someone in Japan wanted to do some weird form of currency arbitrage with him. Harris was convinced he would make millions. All he needed to do was put up some seed money. What Harris explained to me made no sense at all. The idea Harris was spouting was so convoluted that I couldn’t even apply logic to it. Yet he found the deal fun and exciting! He was able to participate in secret meetings, strange overnight faxes and lots of long distance phone calls to put this deal, always just around the corner, together.
Many times over the past decades I have found that even reasonable intelligent people, when captured by the allure of what they think is big business, refuse to accept that they are engaged in a big ripoff. They simply will not listen, even when presented with the facts.
Harris refused my warnings that he was being fooled and robbed. He ignored his business, invested all his savings (and perhaps those of some clients) in seeding the deal. He eventually went bust. There was some flap with the law and Harris chose to exit the scene via death by heart attack. The more realistic term I believe was he passed away from a broken heart when he finally realized how he had given up his savings, his business and his integrity, all for a bit of excitement.
We can have fun and satisfaction with a worthwhile, personal purpose and accomplish missions that achieve a steady foundation of growth. The process when combined with mathematical investing logic creates everlasting wealth. Chasing the excitement of quick bucks always stacks the odds against us. The idea of winning the lottery is exciting, but the odds against us are millions to one.
Perhaps the biggest reason for the behavior gap is the power of fear.
The great value investor, Warren Buffet, tells us why fighting fear is easier said than done. “There is no comparison between fear and greed. Fear is instant, pervasive and intense. Greed is slower. Fear hits.”
This creates a problem because we are conditioned to have fear every day. So much frightening information is thrown at us that fear becomes a habit. Fear is the norm. Almost every establishment that structures our society tries to make us feel fear. The government says, “Break the law (there are so many laws now) and we’ll put you in jail”. The medical and insurance professions rely on fear to sell their wares.
We are bombarded with bad news, risks and warnings so fear becomes a habit. This fear is a hard habit to break as well because we remain immersed in a daily flood of alarming data.
Many readers write in and tell me how they plan to speculate in currency (or other commodity) futures, based on programs they have tested on paper. I ask them what they’ll do about the fear.
Studying markets in advance is great but do we think that this type of test is anything like actually investing?
When I hear of testing a share (or commodity or currency) trading program on paper, I give this advice.
“Buy a 12 foot long wooden two by four. Lay it on the floor. Walk on it. All 12 feet. Unless you have an inner ear problem, or other mobility issue, walking the board is easy.
“Now span a 100 foot deep chasm with the board. Now walk across the board over that 100 foot drop. It’s the same board. Right? Can our emotions ignore the risk of death from the drop? Probably not. Mine certainly can’t!”
Actually we should not do this! Hopefully the point is clear without risking death from a headlong plunge. The 12 foot walk is easy on the ground. Over the chasm it’s impossible for most of us… because of our emotion.
Investing on paper without risk lacks emotions. When real money is made or lost, emotion kicks in and so does the behavior gap. 20% of good investing with real money is knowledge. 80% is emotional control.
My experience suggests that 20% of investors look for change, calculate what the new horizons might bring and invest based on inner beliefs and purpose they stick to. They do not get caught in the emotions of greed when markets rise. Nor do they panic when markets fall. Perhaps it is not a coincidence that 80% of the world’s wealth is controlled by those 20% of the population.
80% of investors invest emotionally and lose.
Wise investors know that there is always something they do not know. Wise investors embrace change as they embrace the reality of their emotions and circumstances. Wise investors adjust their individual investing style accordingly.
Adjusting our investing styles to our individual personality is important because each of us thinks and feels differently.
An article “It’s not your fault you don’t learn from mistakes… your brain is just wired badly” tells of research that shows that the ability to learn from mistakes varies so wildly between people.
A study at Goldsmiths, University of London created insights about why some people are better at learning from their mistakes than others.
The researchers analyzed electrical brain responses and identified the difference in brain activity to see why some people learn from their errors and experiences faster than others.
The study, published in the Journal of Neuroscience, investigated brainwave patterns to see why some were able to more easily use feedback to check past performance and to adjust their next performance accordingly than others.
Fear is a much stronger motivational force than greed. Two psychologists, Daniel Kahneman and Amos Tversky, have conducted many studies on the psychology of investing. In one study they gave potential investors an option between a sure bet of $3,000, or an 80 percent chance of winning $4,000 (meaning there was a 20 percent chance of winning nothing). Most said they would take the $3,000.
The same question, was then asked in a different way. Would you rather lose $3,000 or accept an 80 percent chance of losing $4,000 (with a 20 percent chance of losing nothing). Most took the riskier bet. The subjects were willing to take a bigger risk to avoid losing money than they were when they stood to make more money.
Investors are better when they believe in a purpose and understand (at least a little) their attitudes and fears. There are as many ways to invest as there are investors. Each of us live by a multitude of emotions created by association over our lifetime. These emotions are totally subjective and completely unique to each individual. Take a ping pong paddle as an example. If one person played happy games of ping pong every day with their friends, every time they see a ping pong paddle their neural system is flooded with neural transmitters that enhance energy and flood the person with a sense of positivity and well being. Another person who was often beaten with a ping pong paddle sees the same paddle and associates it with pain, terror and fear.
Kirk Kerkorian, a billionaire investor recently passed at age 98. He left a tip about investing and knowing oneself when he explained, why, when he was a billionaire, he continued to take risks. “When you’re a self-made man, you start very early in life,” he told The Las Vegas Review-Journal in 1999. ‘In my case it was at 9 years old when I started bringing income into the family. You get a drive that’s a little different, maybe a little stronger, than somebody who inherited.’”
He started very poor and became rich but nearly lost everything several times. His attitude was, “Sometimes you lose, but that’s the nature of the game. There’s always another game and another chance to win.”
Mr. Kerkorian knew his attitudes and had rituals that helped him develop missions that would accomplish what he considered his purpose in life.
Creating New Rituals with Association
Each of us has a personal task to find and face our weaknesses and fears, to discover and reinforce our strengths and desires. Breaking down old habits of thought and emotion, some that have been with us a lifetime, is hard.
For example I have a tendency to worry. I know it and the way I face this is with my dad’s old fashioned shaving brush… an “Ever Ready Guaranteed” that he kept with an Old Spice shaving mug.
I have found that I can replace my worry with gratitude, that I was born at this special time, to such special parents and have so many great investing opportunities literally laid in my path. Every time I have followed my passions in life, some great way to earn excellent income and profits has been there.
What are the odds that I would land in Hong Kong just before it emerged as the world’s hottest stock market for decades? What are the chances that I would then move to London and then Naples where two of the hottest real estate markets in the world would explode? What are the chances I would visit Ecuador just before it became one of the hottest expat countries anywhere?
The odds of each were a billion to one and yet each time I moved somewhere I loved, the equivalent of a winning lottery ticket was waiting for me. So why should I ever worry?
I use my dad’s shaving brush to remind me of this incredible good fortune. My father passed at an early age and I wish we had had more time together. I am enormously grateful for what he taught me and how he loved me. So every day I start by using a gift he left me… that shaving brush.
Picking up that brush brings back a touch of the wisdom and good feelings he shared with me and reminds me how lucky I am, even if my investments happened to have risen or fallen.
There is nothing spectacular about these ideas he gave but the powerful memory of being loved and remembering his touches of wisdom provide positive associations that start my day.
One way to being smarter… happier… healthier is to start every day with something that creates a happy association. Warm and fuzzy is good! Such associations are comforting and we are more likely to make wise decisions the day based on what is right for us… instead of based on fear and dread. That’s darned important in these times of social and economic turmoil and change that create so many feelings of threat.
This is fundamental to well being because happy associations create positive attitudes and positivity cuts through the multitude of noise that an imbalanced society creates.
There is even scientific evidence that the power of this type of ritual can even improve our DNA.
Dr. John Douillard wrote about this at his www.lifespa.com site.
Here is an excerpt: “In a new study set to be published in the Journal of Psychological Sciences, Harvard Business School researchers set out to measure the effects of ritual. A ritual could be singing happy birthday, or how you brew your coffee, or saying grace before a meal.
“The study demonstrated that when a ritual was performed before eating, the food tasted better and delivered more satisfaction than when there was no pre-eating ritual.
“In the study, participants cut a chocolate bar in half. First, they opened only one half and enjoyed that half. Then, they were allowed to open the other half and eat it – a very simple ritual.
“Another segment of the study created a ritual around eating a carrot. Participants were asked to hit the table 5 times and close their eyes for 5 seconds before eating the carrot.
“In both groups, the carrot and chocolate were enjoyed more as compared to control groups who did not take part in a ritual. Additionally, participants in the ritual groups took more time to eat and were actually willing to pay more for the carrot and chocolate after the experience of the ritual.”
The latest research in the field of epigenetics has shown that behaviors and belief systems can actually change our DNA.
This is one way to easily and gently create improvements in your life. No matter what your background… your genetic makeup… your circumstances… your good fortune or bad, you can make circumstances better by creating positive routines.
The study Dr. Douillard mentioned did have a caveat: the rituals have to be repeated steps, not random gestures, and you cannot watch someone else say grace or open a bottle of wine and expect to enjoy the meal or wine better. You have to do it yourself.
You can make your life better… no matter what circumstances exist. Just create simple, positive rituals that you use at the beginning of and throughout every day.
This is why slow, worry free, good value investing is at the core of PIEC’s Everlasting Wealth.
Stress, worry and fear are three of an investor’s worst enemies. They create a Behavior Gap, that causes investors to underperform in any market good or bad. The behavior gap is created by natural human responses to fear. When we combine the income, from our own fulfilling business, with slow, worry free, good value investing we bridge the gap.
There is always something we don’t know. The years ahead will create challenges and be interesting. When we become Pruppies, we look forward to the new with enthusiasm instead of dread. Merri and I look forward to sharing ideas and information in 2017 that help bring everlasting wealth for you.
I hope this report helps make your 2017 better, and we want to make a special offer that can help you integrate your business and investing. The offer is limited to three days and ends tomorrow tonight.
We offer two courses for attaining financial security.
The first is our “Live Well and Free Anywhere Program”. The program contains a series of courses and reports that show ways to earn and be free. These courses and reports are:
- “International Business Made EZ” course
- “Self Fulfilled – How to Write to Sell” course
- Video Workshop by our webmaster David Cross,
- The entire weekend “Writer’s Camp” in MP3,
- The report “How to Raise Money Abroad”
- Workshop “How to Gain Added Success With Relaxed Concentration” Report MP3,
- Any updates to any of the courses, workshops, reports or recordings for a year.
You can learn all about this program at How to Have Real Freedom, but do not order the program there for $299 . If you subscribe to the Purposeful investing Course in the next three days, I’ll send you the program free.
I invite you to join me and a small selective group who for the next year will participate in an intensive program called the Purposeful investing Course (Pi). The purpose of Pi is finding value to increase the value of and protect our savings, pensions, income and wealth in good times as well as devastating economic conditions.
Learn Slow, Worry Free, Good Value Investing
Stress, worry and fear are three of an investor’s worst enemies. They create a Behavior Gap, that causes investors to underperform in any market good or bad. The behavior gap is created by natural human responses to fear. Pi helps create profitable strategies that avoid losses from this gap.
Lessons from Pi are based on the creation and management of a Primary Pi Model Portfolio, called the Pifolio. There are no secrets about this portfolio except that it ignores the stories from economic news (often created by someone with vested interests) and is based mainly on good math that reveals the truth through financial news.
The Pifolio is a theoretical portfolio of MSCI Country Benchmark Index ETFs that cover all the good value markets using my (almost) 50 years of global experience and my study of the analysis of four mathematical investing geniuses (and friends).
The Pifolio analysis begins with a continual research of international major stock markets that compares their value based on:
#1: Current book to price
#2: Cash flow to price
#3: Earnings to price
#4: Average dividend yield
#5: Return on equity
#6: Cash flow return
#7: Market history
We combine the research of several brilliant mathematicians and money managers with my years of investing experience.
This is a complete and continual study of what to do about the movement of international major and emerging stock markets. I want to share this study throughout 2017 with you.
This analysis forms the basis of a Good Value Stock Market Strategy. The analysis is rational, mathematical and does not worry about short term ups and downs. This strategy is easy for anyone to follow and use. Pi reveals the best value markets and provides contacts to managers and analysts and Country Index ETFs so almost anyone can create and follow their own strategy.
The costs are low and this type of ETF is one of the hardest for institutions to cheat. Expense ratios for most ETFs are lower than those of the average mutual fund. Little knowledge, time, management or guesswork are required. The investment is simply a diversified portfolio of good value indices. Investments in an index are like investments in all the shares of a good value market.
Pi opens insights to numerous long term cycles that most investors miss because they have not been investing long enough to see them.
For example, in the 1980s, a remarkable set of two economic circumstances helped anyone who spotted them become remarkably rich. Some of my readers made enough to retire. Others picked up 50% currency gains. Then the cycle ended. Warren Buffett explained the importance of this ending in a 1999 Fortune magazine interview. He said: Let me summarize what I’ve been saying about the stock market: I think it’s very hard to come up with a persuasive case that equities will over the next 17 years perform anything like—anything like—they’ve performed in the past 17!
I did well then, but always thought, “I should have invested more!” Now those circumstances have come together and I am investing in them again.
The circumstances that created fortunes 30 years ago were an overvalued US market (compared to global markets) and an overvalued US dollar. The two conditions are in place again! There are currently ten good value (non US) developed markets, plus 10 good value emerging markets.
Pi shows how to easily create a diversified, worry free portfolio in some of these good value markets using Country Index ETFs.
The current strength of the US dollar is a second remarkable similarity to 30 years ago. The dollar rose along with Wall Street. Profits came quickly over three years. Then the dollar dropped like a stone, by 51% in just two years. A repeat of this pattern is growing and could create up to 50% extra profit if we start using strong dollars to accumulate good value stock market ETFs in other currencies.
This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago. The trends are so clear that I created a short, but powerful report “Three Currency Patterns for 50% Profits or More.” This report shows how to earn an extra 50% from currency shifts with even small investments. I kept the report short and simple, but included links to 153 pages of Good Value Stock Market research and Asset Allocation Analysis.
The report shows 20 good value investments and a really powerful tactic that shows the most effective and least expensive way to accumulate these bargains in large or even very small amounts (less than $5,000). There is extra profit potential of at least 50% so the report is worth a lot.
This report sells for $29.95 but when you subscribe to Pi you’ll receive the report, “Three Currency Patterns For 50% Profits or More” FREE.
Plus get the $27 report, “The Silver Dip” free.
With investors watching global stock markets bounce up and down, many missed two really important profit generating events. The price of silver dipped below $14 an ounce as did shares of the iShares Silver ETF (SLV). The second event is that the silver gold ratio hit 80 and has remained near this level, compared to a range of the 230s only two years ago.
These two events are a strong sign to invest in precious metals.
I prepared a special report “Silver Dip 2015” and updated this in 2016 and am about to update it for 2017. The report explains the exact conditions you need to make leveraged silver & gold speculations that can increase the returns in a safe portfolio by as much as eight times. The purpose of the report is to share long term lessons about speculating in precious metals gained through 30 years of speculating and investing in gold and silver.
The low price of silver offers special value now so I want to send you this report because the “Silver Dip 2017” offers enormous profit potential in 2017.
Save $457.95 if You Act Now
Subscribe to the first year of the Personal investing Course (Pi). The annual fee is $299, but to introduce you to this online course that is based on real time investing, I am knocking $102 off the subscription. Plus you receive FREE the $29.95 report “Three Currency Patterns For 50% Profits or More”, the $27 report “Silver Dip 2015” and the $299 “Live Well and Free Anywhere Program”.
Enrol in Pi. Get the first monthly issue of Pi and the report “Three Currency Patterns For 50% Profits or More” and the “Live Well and Free Anywhere Program” right away.
#1: I guarantee you’ll learn ideas about investing that are unique and can reduce stress as they help you enhance your profits through your own purposeful business and slow, worry free purposeful investing.
If you are not totally happy, simply let me know.
#2: I guarantee you can cancel your subscription within 60 days and I’ll refund your subscription fee in full, no questions asked.
#3: I guarantee you can keep “Three Currency Patterns for 50% Profits or More” and “Silver Dip 2015” plus the Value Investing Seminar as my thanks for trying.
You have nothing to lose except the fear. You gain the ultimate form of financial security as you reduce risk and increase profit potential.
Subscribe to a Pi annual subscription for $197 and receive all the above.
I am so confident that you’ll gain from this offer that if you are not fully satisfied, simply email me within 60 days for a full refund and keep the $299 “Live Well and Free Anywhere Program” as my thanks for giving Pi a try.