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Independent Investor, Inc., was founded in by Gregory Spear in 1995. Spear tested different investing systems and, in doing so, invented a system, which he called "Consensus", that uncovers stock picks agreed upon by the best performing independent (non-Wall Street) stock analysts and money managers. In addition, Spear designed his Performance-Weighted Rank to find out which stock-picking systems really perform and which ones don't, and then weigh their advice accordingly. With the Consensus System as its backbone, Gregory Spear launched his first financial newsletter, The Spear Report (TSR) in 1995.

The Spear Report monitors over 125 sources of unbiased financial information daily. It is delivered to paid subscribers on a weekly basis, by mail, e-mail, or online (a free 4 week trial is offered at SpearReport.com). Every issue includes a buy list and the Performance-Weighted Rank of each pick.

In early 2002, Independent Investor, Inc. purchased the assets of Validea.com, a financial information provider that, for 4 years, has monitored the performance of over 30 different financial media sources. Today, Independent Investor offers publications including a Professional Edition of TSR, a niche publication dedicated to the security and homeland defense industry called Spear's Security Industry Analyst, and a short-only letter called Short Spear. Independent Investor has also created a world-class fulfillment and distribution system for other publishers. This system, called eNP, is used by Forbes.com to manage their entire newsletter marketplace and ties in seamlessly to any call center or other customer service function.

The Spear Report
45 Wintonbury Ave.
Bloomfield, CT 06002
1-800-491-7119

The above description was assembled using information from the publisher's site. All registered or unregistered trademarks referenced herein are the property of their respective owners, and no trademark rights to the same are claimed.

There are quite a variety of investment newsletter services available to investors today, which achieve a decent track record. In reality, however, many newsletters have not translated well for most investors that subscribe to them. The reason? Money management. Without the proper position sizing using the right money management tool, you are only dealing with half the formula for success.

Let's face it: if there was one consistently successful investment newsletter, then the word would spread rapidly, and that one investment newsletter would have more customers than the population of China. The reality is that there has never been such a success. Why? Because in the final analysis, 8 out of 10 investors fail due to one simple reason: position sizing.

The majority of investors who subscribe to investment newsletters think that the process is as simple as "Just give me your recommendations and let me become as successful as you are". Unfortunately, as money managers know, entry points account for very little in the overall success of a portfolio. Find out why!