An Urgent MoneyWeek Investigation
In other words, millions of people in the UK will see their finances devastated over the next 3 years. And that could well include you.
But if you buy these 3 sectors now (and dump a 4th), you can protect your savings from disaster, and even turn events to your advantage - multiplying your wealth beyond what you ever thought possible. Let me show you how...
Dear Investor,
The next few years will be the most volatile and challenging period the financial markets have seen in the past four decades.
In short, things are going to get nasty.
Your job, your house, your savings, your comfortable lifestyle, your family's future, and your retirement plans are all seriously under threat.
Why? Because massive imbalances have been building up in the global economy and the devastating effects are now about to be unleashed.
The dotcom crash of 2000 was the first symptom of the trouble ahead. Of course, since 2003, share prices have recovered. And, predictably, over this time investors have grown complacent. That's always the way.
But to anyone with a real understanding of the situation, it's perfectly clear that under the surface the imbalances in the global economy have only been increasing. In fact they are coming to a critical phase.
Now, even as the FTSE 100 has regained its former highs, we believe that four major events will occur by 2010 that will have a devastating effect on your wealth.
My team of analysts call these four critical events "financial landmines" because, to the man in the street who pays little attention to the markets, they are invisible. Yet when they detonate, they will cause financial hardship on a scale this country has not seen for decades.
Our economy will be up against the wall. People at all levels and in all sectors will lose their jobs. Negative equity will be back with a vengeance. House prices will plummet. The cost of living will soar. And most investments and savings, including those traditionally considered "safe", will shrink in value, ravaged by ever-increasing inflation. Everyone will be affected.
You will almost certainly find your lifestyle, and your family's future sharply curtailed.
Fortunately, if you take action today, you can navigate safely through the events of the next four years. The first step is knowing where the dangers lie, and what to expect. That's what I will explain in some detail right now.
Even more importantly, by making the right investment choices, you can preserve your assets, and make handsome profits even as the crisis unfolds. As publisher of MoneyWeek, I've assembled a team of highly respected investment experts who will endeavour to point you towards the safest and most profitable opportunities. With their ongoing guidance, you may be one of the few investors to survive unscathed and with a lifestyle far beyond your current expectations.
But first, let me show you exactly what these 4 landmines are, and where the biggest opportunities lie today...
Landmine #1: Even higher energy prices will crush the bull market in stocks
I'm sure you've felt the effects of rising energy prices in recent years. In 2006, for example, electricity bills in the U.K. rose 27% on average, and gas bills jumped 40%.
This was only the first sign of things to come. Energy costs are locked into a
Consider, for example, that India's economy has been growing by more than 8% a year for the past four years, while China's annual growth rate has risen from 7% in 1999 to 10.5% today. That's nearly four times that of the U.K., and three times that of the U.S. This rapid Asian growth is pushing up demand for all types of commodities, including oil - which is why oil prices have climbed nearly seven-fold since 1998.
And yet, in Asia, per capita consumption of everything, including energy, is still very low compared to the West. While the average Brit consumes 10.4 barrels of oil per year and the average American burns through 26 barrels, the Chinese use only 1.5 barrels per person, and the Indians less than one barrel.
4.4 billion people all wanting fridges and cars means a HUGE demand for oil, whilst oil production is probably now in decline
As economic growth raises the average Asian's standard of living, his energy consumption will grow too. Soon every Chinese family will want a car. Every Indian family will demand a refrigerator and an air conditioner. Bearing in mind that China and India alone hold 4.4 billion people, the amount of additional oil needed to meet Asian demand will be staggering.
In fact, the International Energy Agency expects global oil consumption to rise by 50% in future years - largely as a result of Asian growth.
Rising oil demand would not be a huge problem - if oil production could increase by an equal amount. But no one has discovered a major oil field in nearly four decades. Instead, a growing body of evidence suggests that global oil production peaked in May 2005, and has already begun to decline.
American oil production, for instance, has been falling since 1970, despite the U.S. having the best technology in the world. Oil production on the North Sea started dropping in 1999, with the result that Britain is now forced to import oil from abroad. Today, we're also seeing oil output declining in countries such as Mexico, Kuwait, Russia, and Venezuela. Iran, currently the world's fourth largest oil exporter, has just introduced petrol rationing to avoid becoming a net importer in a few years!
In fact, the only countries where anyone believes oil output can still increase are Iraq (which we can't count on anytime soon) and Saudi Arabia. And Saudi Arabia is hardly a safe bet. According to analysis by Matthew Simmons, former energy advisor to U.S. President George W. Bush, Saudi Arabia has far less oil than it officially claims, and may be at its maximum production already.
I'm not saying the world will run out of oil, but from now on it will be harder and harder - if not impossible - to pump enough oil to satisfy demand. And that will lead to ever higher oil prices. Commodity expert Jim Rogers believes oil will reach $150 a barrel within a few years, more than twice what it costs today. If you think £1 is too much to pay for a litre of petrol, just wait. In a few years, it will seem like a bargain.
Of course, while the energy squeeze will certainly lead to economic hardship and lower profits for most corporations, it is also creating some spectacular investment opportunities.
Get ready to make triple-digit profits from oil shares!
As energy becomes more expensive, companies in the energy industry will see their profits expand exponentially. I would not be surprised to see some energy stocks double and triple in value in coming months. It's the one industry I feel you must have in your portfolio.
That's why, for the past five years, the team at MoneyWeek has been helping investors make money from leading oil shares. In August 2002, when many analysts were predicting oil prices to fall, in response to a "quick" victory in Iraq, we told our readers to BUY 4 oil companies poised to benefit from Asian growth and Venezuelan instability. By the end of 2005, oil prices had soared 115%. Those who heeded our advice made...
100% from Sibneft
236% from Surgutneftgas
275% from Lukoil
300% from Premier Oil
One of our more recent picks, Heritage Oil is up 690% since we tipped it!
And as the oil squeeze continues, we'll help you find equally promising opportunities in the energy industry. Opportunities such as...
- 2 undervalued oil majors you can buy now for cheap, and watch skyrocket as the oil squeeze tightens.
- Which downtrodden, overlooked industry could become the next big source of gains as oil prices rise.
- The world's leading supplier of oil exploration equipment and services - whose fees (and revenues) are set to rise 75% this year.
- Cutting edge developers of alternative energy, whose technology will become increasingly in demand as oil prices soar.
- 11 ways to cash in on the global rush to build nuclear reactors.
- “Money Week encouraged me to go 100% oil, and I have gone £38K to £62K in a year.”
- Garry Morrow, N Ireland
But while the oil squeeze may be the first of the Financial Landmines to hit the markets, it's by no means the scariest. You also need to be prepared for...
Landmine #2: The return of 1970s-style inflation will erode "safe" income streams, while making life more expensive
As oil prices rise, they add to the cost of everything - from getting to work each day, to transporting food to your table, to manufacturing virtually every product you buy. Another word for rising prices is, of course, inflation. And soaring inflation is the second landmine that will attack your savings over the next few years.
If you're old enough to remember the 1970s, then you know skyrocketing oil prices can drive inflation into double figures. During the 1970s, as OPEC embargoes forced oil prices from $5 to $40 a barrel, inflation in the U.K. averaged 13% a year - reaching a high of 27% in 1975. This time however, oil supplies are not tightening for political but for geological reasons - which means a solution will be much more difficult to find.
Every investor needs to pay attention to inflation, because rising inflation can cripple returns from nearly all investments, even those traditionally considered "safe." It increases expenses, reducing corporate profitability and share price gains. And it eats away at the returns from bonds and cash. For instance, if you keep your savings in bonds that pay annual interest of 6%, but the inflation rate climbs to 13%, then you will lose 7% of the purchasing power of your savings each year. That's what happened in the 1970s, and is likely to happen again.
Already, inflation in the U.K. is rising at its highest rate since 1997 - 3.1% as measured by the Consumer Price Index, and 4.8% according to the Retail Price Index. As energy and commodity prices continue to rise over the next decade, we expect to see inflation return to double figures once more. And when it does, the last place you want your money is in so-called "safe" investments, such as bonds. They won't be safe any more.
Of course, while rising inflation dampens the returns from most investments, it creates new opportunities in areas most investors will miss. Let me give you an example...
Be amongst the first to profit from the push for alternative fuels
Inflation is already becoming a problem in the food industry. Food prices are now increasing at a rate of 6% annually - the highest rate in a decade. Fish prices rose 12.6% in the past year. Vegetables are up 10.2%.
Several factors are causing food prices to climb - including rising wealth in Asia and climate change. But what may surprise you is that the oil squeeze is also a major factor. You see, as developed nations become more concerned about future oil supplies, they are promoting the use of new fuels made from agricultural products. Europe wants biofuels to meet 10% of energy demand by 2020. By 2012, half the cars made in the U.S. will be designed to run on 85% ethanol, a biofuel made from corn.
One consequence of producing more biofuel is that food becomes more expensive. For instance, the U.S. ethanol policy has already caused corn prices to hit a ten-year high in the spring of 2007. That's in spite of the fact that 2006 saw the third-largest crop on record. Protests took place in Mexico because the price of tortillas rose by 60% to 70%.
As the U.S. increases its ethanol production, corn prices will continue rising. And as they do, so will demand (and prices) for other grains, as people substitute wheat or rice for corn. Meat prices also climb, since most corn has traditionally been used to feed livestock. Higher meat prices will in turn raise demand for fish. And as more land becomes devoted to growing corn and other biofuel crops (such as rapeseed and tropical oils), less will be available for food production, adding to the supply/demand pressure, food prices, and inflation.
But while rising food prices are making life more expensive for everyone, they are also creating new opportunities for smart investors to profit. Taking advantage of these opportunities is an excellent way to preserve and grow your wealth as inflation rises. For example, we expect investors in food commodities and agriculture will make excellent returns as the push towards biofuels continues. That's why we'll keep you informed about such opportunities as...
- How to use exchange-traded commodities (ETCs) to profit directly from rising food prices - and the 2 best diversified plays.
- The 3 food giants best positioned to pass on higher food costs to consumers, and grow their earnings (thanks to their dominant market positions).
- 5 agricultural businesses whose shares will soar as nations struggle to increase crop yields to meet rising food demand.
- 4 companies that will profit from America's ethanol rush.
- How to make substantial profits from the weather-driven ups and downs of 7 key soft commodities.
Of course, you may be asking, "Couldn't the Bank of England halt the rise of inflation by raising interest rates?" In theory, yes. The problem is that raising interest rates high enough to curb inflation runs the risk of detonating a third financial landmine...
Landmine #3: The collapse of the property bubble will devastate householders and turn "buy-to-let" into "buy-to-lose-money"
Since 1776, real estate prices and the economy have followed an 18-year cycle. The general pattern is 14 years of stable or rising prices, followed by four years of recession. In the light of this pattern, MoneyWeek advised readers in 2005 that the property market would experience two final years of rising prices, driven by reckless lending, before the next downturn began.
The risk, as with all housing booms, is that property eventually becomes unaffordable for the average buyer, leading to a collapse in demand. According to the Land Registry Office, the average house in the UK now costs £211,000. If someone were to buy such a house with a typical 6%, 25-year, variable rate mortgage, he or she would pay roughly £1,264 a month. Unfortunately, the average worker only earns £1,550 a month - which means their housing costs would eat up 90% of their earnings! Not many households can manage such payments.
Nor are the deals any more appealing in the buy-to-let market. Last year, 58% of all mortgages sold were to speculative buyers, including buy-to-let. Yet, rental property yields owners just 3% income on average. That's less than what you can make in gilts. If you have to pay 6% mortgage interest on your rental property, you are probably losing money.
In fact, the only motivation for investing in buy-to-let right now is the hope that property prices will continue climbing - so that you can make a profit when you sell. And the only thing that's kept property prices rising is today's extraordinarily low interest rates.
Alert! History tells us that interest rates could now practically double
This leads us back to the problem of inflation. You see, the Bank of England has kept interest rates low in recent years because it has been trying to stimulate the economy and ward off recession. (The housing boom was a side effect.) For comparison, in 1991, the last time inflation was as high as it is now, interest rates were close to 10%. Yet today they are a mere 5.75%.
The problem with low interest rates is that they allow inflation to keep rising. This puts the Bank between a rock and a hard place. If it raises rates to curb inflation, it risks recession. And if it lowers rates to stimulate growth, inflation rises.
So far, the Bank has tried to maintain a balancing act, raising rates as cautiously as possible - a mere 1% since last summer. But even slightly higher rates makes keeping up the mortgage payments on the family home much more difficult. Home repossessions are already at their highest rate in five years. According to Dr. Neil Blake of Business Strategies, if interest rates rise by just 0.75%, we could see 55,000 repossessions. That would certainly put a cap on housing prices.
As property prices stop rising, owners of rental property and other speculators will see their potential profits disappear. They will cease buying, and instead try to cut their losses by selling properties as quickly as they can, forcing prices down even faster. The result would be the end of the property bubble, and a decline in property values.
Ultimately, we believe the Bank of England will fail in its balancing act. It will neither increase rates fast enough to contain inflation, nor keep them low enough to prevent recession. According to the 18-year cycle, 2007 will be the last year when economic growth will occur. After that, a new recession will begin. But this time it will happen alongside rising inflation.
The result will be stagflation, that nightmare of the 1970s that gives investors the worst of both worlds. It will be a time when both unemployment and the cost of living rise at the same time. What's more, we believe this period of stagflation will be accompanied by a 20% to 30% decline in property values. If you own rental property, you may have only a few months to get out while prices are still rising.
Again, however, there are steps you can take today to avoid being hurt by this third landmine. In fact, there are ways you can make a considerable amount of money as the property bubble bursts. My team can show you...
- 2 stocks to sell short when property prices plunge - turning other people's loss into your windfall.
- The newest buy-to-let scheme which you must avoid, because it will cost average investors big time.
- The one country where real estate prices will continue to soar over the next few years - and your 5 best opportunities to profit from this trend.
- One type of property you absolutely must avoid during the coming downturn.
... and many other ways to protect and grow your assets as the economy moves into stagflation.
However, there is still one more landmine I need to warn you about..
Landmine #4: The impending US dollar crash & the end of paper wealth
Over the past five years, the American dollar has fallen some 20% against other major currencies. This is an important trend to watch because many of the biggest companies in the FTSE 100 earn a sizeable percentage of their revenues in dollars. A falling dollar could eventually drag down share prices.
Unfortunately, the fundamentals for the dollar are uniformly bad. In the first place, economic growth in the U.S. appears to be slowing. This year, the IMF expects the U.S. to underperform Europe. The Federal Reserve will therefore be under pressure not to raise interest rates (or even lower them) at the same time that rates are rising in Europe and Asia-Pacific. This makes the dollar less attractive to investors seeking income.
At the same time, inflation is rising in the U.S. at the highest rate in 10 years, just as it is here. Rising inflation is simply another way of saying dollars are becoming worth less - another reason not to own them.
Investors must also be concerned with the high level of government debt in the U.S., which currently exceeds $8.6 trillion - the largest debt anyone, anywhere, at any time in history has ever amassed. Would you want to lend money to such a spendthrift? Most likely holders of U.S. bonds will be trading them in over the next few years in exchange for something more secure. And this will put further downward pressure on the dollar.
And then there's the problem of the U.S. current account, which shows the balance of goods, services, and money flowing into or out of the country. Since 1990, the U.S. has been incurring ever higher deficits in its current account. Right now, the deficit stands at 6% of GDP. This is the level at which any smaller nation would experience a run on its currency. It's clearly unsustainable.
The rule of thumb among economists is that it takes a 10% drop in a currency to cause a 1% drop in the current account/GDP ratio. According to the Economic Policy Institute, this implies the dollar needs to fall at least 30% to 40% to reach a sustainable level.
Of course, when the dollar falls, other currencies go up. So you can protect yourself somewhat by investing in securities not denominated in U.S. dollars. Don't buy U.S. bonds. And don't buy shares in companies whose earnings are in dollars.
The real danger: a meltdown of the global financial system
The real danger, however, is that a collapse in the dollar would cause investors around the world to lose faith in the financial system, and in all forms of paper (or electronic) wealth. There are in fact no other currencies ready to take the dollar's place as the world's reserve currency. The Euro is the most likely candidate, but Europe has its own problems, including a declining population, social unrest due to immigration, and an out-of-control welfare state. The Bank of Japan is viewed as incompetent. China is hardly ready to step into the role of the world's financial bulwark. And the pound is laboured with similar problems to the dollar, including rising government debt and a record high current account deficit.
In a serious dollar collapse, most likely all currencies would lose value. The result would be skyrocketing worldwide prices for tangible assets. In other words, inflation.
If that occurs, the only people to preserve wealth (and make money) will be those who own commodities of all kinds, including metals, food, and fossil fuels such as oil.
And so we have come full circle.
Well, almost.
You see, there is one currency that would survive when all others are failing. It's the oldest currency in the world, and the only one whose value does not depend on any nation's financial management skills. That currency is... gold.
The one asset you can profit from in any financial storm
Gold traditionally gains value during periods of high inflation and declining currency values. During the inflationary 1970s, gold was one of the best investments. In the 1990s, when inflation was low, demand for gold waned and gold companies cut back on exploration. But since prices bottomed in 1999, gold has more than doubled in value. As a traditional store of wealth in most of Asia, gold is enjoying rising demand as that part of the world develops. Whilst in the West, increasing interest in "safe haven" investing is drawing more investors to the precious metal.
Don't get me wrong. I'm not saying you should trade in all your investments for gold coins and bury them in the cellar. But keeping just 10% of your investments in gold or gold-backed securities can insure your savings against any weakness in the financial system. If the next few years turn out half as grim as I expect, you will be very glad to have some gold.
That's why MoneyWeek gives you the information you need regarding the best opportunities in gold, precious metals, and other commodities that can weather the coming financial storm.
For example, back in 2001, we recommended Merril Lynch's Gold & General Fund as an easy way for investors to get exposure to gold. Since then, this unit trust has produced a 109% gain. And our three top gold stocks are showing gains of 94%, 44%, and 174% respectively.
6 ways to profit from gold and precious metals
And in coming weeks, you can look forward to getting more great tips on gold and precious metals, such as...
- Which gold mining stocks are currently underpriced.
- How to profit from mergers & acquisitions in the gold industry.
- Why some gold stocks have produced gains as high as 70,000% in just two years - and where to find similar opportunities right now.
- The 10 mystery metals set to deliver major profits - and the shares that will benefit.
- Why this precious metal (which is NOT gold) could be the single best investment you can own today.
- Which precious metal ETF looks set to lag its fellows - and the one that's most likely to lead.
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- Barry Norris, Partner, Argonaut Capital
In fact, with the information MoneyWeek provides, you can navigate safely around the 4 financial landmines, and create a fortune for you and your family. Let me show you the wealth of information we offer...
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- 5 out-of-flavour companies with enormous upside potential that you can now buy for cheap.
- 2 defence stocks that are winning huge government contracts, thanks to the War on Terror.
- 3 leading European stocks that will benefit from global growth. (All of them feature low multiples, solid balance sheets, and attractive cash flows.)
The latest share tips: advice you can trust from an expert in corporate finance
- “I started with £3,000 and have doubled it to date, using a combination of tips in the 'at a glance' section.”
- Fred McKenzie
Each week, in our "Who's tipping what" section, Paul Hill, CMA, will give you a rundown of the best and worst shares tips from the financial press and broker reports, so you can invest with confidence. With 16 years experience in corporate finance and investment, working in mergers and acquisitions for blue-chip companies such as O2, GKN, and Unilever, Paul has earned a substantial reputation as a shrewd stock-picker and analyst.
We also provide you with a comprehensive weekly guide to shares tipped by other leading financial publications - saving you time and money and eliminating the need to subscribe to anything else. In the past few months alone, you could have used the information in MoneyWeek to make...
121% on Stedim Group
151% on Fugro
99% on Uniq
51% on Mizuho Holdings
257% on Giralia Resources
403% on Lonmin
40.5% on Bovix
89% on Restaurant Group
135% on Aveva
But that's just the beginning...
In our "Sector of the Week" column, Eoin Gleeson, M.A. (Economics), an expert on market behaviour, will show you which sectors are poised to lead the pack in profits. He'll give you such valuable tips as...
- Why Warren Buffett is investing in railroads - and why you should follow suit.
- 2 ways to cash in on growing demand for fraud protection.
- 2 energy stocks set to benefit from EU reform.
- How to profit from China's next big export boom.
- Why Brics can make a good foundation for your portfolio.
- Why bond managers are turning to high-risk places like Mongolia in search of income - and why you should be concerned.
- Why trackers are losers - and why you should choose ETFs instead.
What's happening in the City - from a former investment banker
In our weekly "Cityview" column, written by Simon Nixon (one of our founding editors), you'll stay on top of the big events in the world and the economy that can affect your wealth - from globalisation to taxation... from climate change to the Iraq war... from runaway U.S. debt to the Bank of England's failure to manage the pound. Simon is a former investment banker and a widely published financial writer whose insights will keep you well informed on everything related to money.
- “I bought into four European emerging markets funds following general info from your magazine, and so far I have achieved 25% gains.”
- K Murphy, London
You'll also gain an unparalleled understanding of major threats investors face today from Bill Bonner, author of the best-selling books, Financial Reckoning Day: Surviving The Soft Depression of the 21st Century and Empire of Debt: The Rise of an Epic Financial Crisis.
Bill is an entrepreneur and owner of Agora Publishing - one of the world's largest publishers of financial books, newsletters, and investment advisories. He is best known as the creator of The Daily Reckoning, a contrarian financial ezine with over 500,000 readers in the U.K. and the U.S., in addition to French and German editions. Bill's articles will help you see through the hype and misconceptions rampant in today's world, and discover the underlying economic forces that are creating wealth opportunities and pitfalls in today's market.
Practical tips and strategies you can actually use to increase your profits
And you'll learn important investment strategies such as...
- 6 ways to spot overpriced shares - so you can take profits or make money selling them short.
- How to minimise stock market losses using a "heads I win, tails I don't lose much" strategy.
- 3 ways to tell if a company will thrive or suffer during an economic downturn.
- How to tailor your portfolio to take advantage of today's merger and acquisition mania.
- The 4 biggest financial scams - and how to avoid being taken in.
- How to combat "market froth," that giddy excitement that makes average investors make their worst mistakes.
- 3 ways to spot shares being targeted for a private equity buyout.
- The 6 biggest investing mistakes and how to avoid them.
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- What compensation you're entitled to receive from an airline when you encounter flight delays and cancellations.
- Britain's Warren Buffetts - how to choose the best money manager to look after your savings.
- The best places to NOT buy property today. (If you already own property, now may be the best time to get out.)
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- The best buys in alternative investments - including wine, art, antiques, vintage cars, stamps and toys. These are investments you can truly enjoy owning!
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How to keep Gordon Brown's hands off your hard-earned wealth
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We'll even keep you up to date regarding the best wines to buy for enjoyment and investment, thanks to Matthew Jukes, winner of the International Wine & Spirit Competition's Communicator of the Year Trophy, and author of The Wine List 2007: The Top 250 Wines of the Year. Matthew's weekly column in MoneyWeek covers everything from how to spot a fake label to this year's best undervalued vintages.
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We will gladly send you a FREE daily investment briefing from our Deputy Editor, John Stepek. John is a seasoned financial writer whose insights have appeared in such journals as Families in Business, Shares, and The Sunday Times. Every weekday, his investment email, MoneyMorning, will give you a quick summary of the action in the financial markets, political and economic developments, emerging investment opportunities, and answers to such questions as...
- How long can China's economic boom continue?
- Could Africa be your next great investment?
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- How long will cheap money keep fuelling takeover fever?
- Is Ireland headed for a recession? Is the U.S.?
- Can the U.S. Federal Reserve afford to cut interest rates?
- Does it matter that the Dow has gone through 13,000?
- How much further can gold prices climb?
- Should you continue buying mining stocks?
- Is now a good time to invest in Brazil?
- Are we heading for a global credit crunch?
... as well as crucial information and tips, ranging from the best place to invest your ISA allowance to the approaching end of the carry trade.
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I'm confident you'll find this email service extremely helpful in the months ahead. And here's the best part of all...
Now you can get MoneyWeek FREE for 4 weeks - with no obligation to continue!
I truly believe MoneyWeek is the most complete and practical source of information for anyone seeking to preserve and increase their wealth, and enjoy a richer lifestyle. In addition, I believe it is the best tool to help you thrive and prosper even as the 4 Financial Landmines destroy many people's savings. In fact, it's so important to me to help investors prepare themselves for the next few years that I want to make you the following Special Offer...
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Toby Bray
Publisher
MoneyWeek
P.S. I should also mention that along with your subscription to MoneyWeek , you'll get FREE access to the MoneyWeek website, so you can stay in touch with all the latest stock tips, financial news, and investment strategies from any location - whether you're at home, work, or abroad. Plus, you'll have access to a wealth of information from back issues that provide you the equivalent of a crash course in improving your financial affairs. To sign up, just click on the link below.
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