| A rules-based process for managing volatility |
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| The Kelly Letter’s enhanced rebalancing guides you to buy stocks low and sell them high, through the power of price reaction alone. The farther stocks fall, the more the letter signals to buy. The higher they rise, the more the letter signals to sell. Repeated quarterly, this process nudges your performance higher to beat the market over time. See the plan in action in the current performance chart above. |
Make it personal
What would your amount have become?
Enter a starting amount to see a simple historical illustration based on
9Sig’s reported CAGR since 2016.
This is a simple mathematical illustration based on 9Sig’s historical
CAGR rate. It is not a promise or projection. Past performance does not
guarantee future results. Actual investor results would vary based on
timing, execution, fees, taxes, and individual circumstances.
Byron and Sarah Anderson:
Staying With 9Sig Through Real Markets
Byron and Sarah followed 9Sig through crashes, recoveries, and doubt —
while also withdrawing $400,000 along the way for real-life needs.
Starting portfolio
in 2019
Portfolio value
end of 2024
Withdrawn for taxes,
real estate, and expenses
Byron wrote in a follow-up email:
“My takeaway is that using 9Sig is not for the faint of heart, but rather for people who are willing to be patient, want their portfolio to be working hard, and truly believe in the Sig System. Being only partially convinced that the System works is a dangerous place to be if one is invested in 9Sig. For me, I’m up to the risk and believe in the System.”
Video Highlights
- Able to relax more by simply engaging in the quarterly buy and sell signals.
- Felt reassured and calm when the letter walked them through market ups and downs.
- Reduction in stress by following a system they knew to be tried and true.
- A feeling that someone is walking along with them through the psychological challenge of portfolio fluctuation.
- Opportunity to retire early, travel, and financially bless their community and charities.
- Helpful advice to hold on through the 2022 bear market.
- Reduction in guesswork by simply responding to the price on the signal date.
More Results from Kelly Letter Members
Longtime subscribers describe the same pattern: clear rules, calmer decisions,
and the discipline to stay with the system through difficult markets.
John Capilupo
Turned $1.4M into $4.2M since 2022 using Income Sig and 9Sig,
Retired early, now living financial independence with his wife.
John Capilupo has been a Kelly Letter subscriber since 2014. In this August 2025 interview at the subscriber Meet and Greet at Red Frog Coffee in Longmont, Colorado, he shared how he achieved early retirement.
By running Income Sig primarily since 2022, with some 9Sig along the way, he grew his retirement from $1.4M to $4.2M. Today, he and his wife are financially independent, living off their Income Sig plan.
“I love the financial independence,” he said. “It’s just a wonderful thing. … I’m living proof of this.”
Nilesh Patel
Read The 3% Signal on a single flight, subscribed immediately,
and transformed his family’s finances.
Nilesh Patel has been a Kelly Letter subscriber since 2019. In this May 2025 interview at the subscriber Meet and Greet in New York City, he shared how he came to the letter and its impact on his life.
Referred by his brother-in-law to Jason’s book, The 3% Signal, Nilesh read it cover-to-cover on a single flight, and his perspective on investing flipped.
He signed up for the letter, and his “life changed completely after that and running all the strategies.”
Today, he manages the letter’s approach for himself, his dad, and his sister. As he put it: “I cannot be happier, plan to run it for the rest of my life.”
Chad Fischer
Rules-based investing helped him stay invested through crashes,
trusting the system instead of headlines.
Chad Fischer has followed The Kelly Letter since 2016. In this May 2025 interview at the New York subscriber meet-and-greet, he describes how the logic of The 3% Signal led him to adopt a disciplined, rules-based approach.
After disappointing results with a traditional financial advisor, Chad shifted to the 3Sig and 6Sig plans and later added 9Sig, significantly improving his long-term returns.
He recalls the fear of the March 2020 crash, when markets seemed certain to keep falling. Staying invested proved decisive. As Chad explains, selling in a downturn requires getting two decisions right—when to sell and when to buy back—and the second decision is usually the harder one.
His experience reinforced a lasting lesson: when bad news dominates the headlines, much of it is already reflected in prices.
More Proof from Longtime Members
Kelly Letter members repeatedly describe the same pattern: clear rules,
calmer decisions, and the discipline to stay with the system.
I’m Jason Kelly.
I wrote the bestselling Neatest Little Guide to Stock Market Investing and The 3% Signal, and spent decades developing The Kelly Letter’s rules-based approach to the stock market.
The most rewarding moments happen in person. At subscriber events, people come up just to shake my hand and say thank you, and to tell me how my plans changed their financial picture. After all these years, that still means everything to me.
Initially, I made the Sig systems for my own family. Ordinary advice was never powerful enough. Too much of it simply tracks the market — at a lag — and even most professionals struggle to do better. I wanted something my family could actually follow to get ahead.
My family did, through every kind of market, and now those same plans help other families. I’d like yours to be one of them.
I hope we meet at an event someday, and that you’ll be the one telling me how much your life has changed.
Why a Weekly Letter?
The systems are only half the value of a subscription.
Every Sunday morning, in The Kelly Letter, Jason analyzes the current market to identify the real pressures on stock prices. Far from adding to the noise, each letter filters it.
Even investors running the Sig systems see headlines, read punditry, and experience fear, greed, and doubt. So each week, Jason helps members see what matters, ignore what doesn’t, and stay aligned with the rules. Kelly Letter readers don’t expect prediction — they know that isn’t the point. They come for perspective and genuine analysis.
That weekly clarity is one reason members have stayed with the plans through crashes, rallies, and recoveries. A plan only works if you follow it. The weekly letter makes following it easier.
Many call the letter the best read of their week, and some make Sunday morning a standing appointment to read and listen. One subscriber’s teenage son sits down with him for it every week.
“
The weekly letter helps me stay steady when markets feel anything but.
Kelly Letter Subscriber
“
The Kelly Letter is the one email I look forward to every week.
Kelly Letter Subscriber
“
Jason gives me the perspective I need to follow the plan.
Kelly Letter Subscriber
The Sig systems guide your portfolio.
The letter guides you.
Together, they help you stay the course.
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The Kelly Letter
Recent Issue
The 3% Signal
First Chapter
Introduction to The Sig Systems
The Kelly Letter Runs Four Variations of The Signal (Sig) System
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Here’s How the Sig System Works |
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1. Check Prices |
Is your stock fund’s price above or below its quarterly growth target? If above, it’s a sell signal. If below, it’s a buy signal. |
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2. Generate Signals |
The quarterly growth target of the plans is 3% for 3Sig, 6% for 6Sig, and 9% for 9Sig (hence their names). You will sell stock-fund surpluses above these amounts, and buy shortfalls below these amounts. |
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3. Receive Orders |
Your spreadsheet (template on the subscriber site) or the easy calculator (also on the subscriber site) will tell you how many shares of your stock fund to sell or buy, and how many shares of your bond fund to buy or sell. |
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4. Place Orders |
If the signal is a stock-fund sell, you will move proceeds of the sale to your bond fund in the following order of events: sell shares of stock fund, buy shares of bond fund. If the signal is a stock-fund buy, you will generate buying power by selling shares of your bond fund, then use the proceeds to buy shares of your stock fund, in the following order of events: sell shares of bond fund, buy shares of stock fund. |
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5. Wrap Up |
When you’re finished, you will note the prices of this quarter’s calculations, including the fund closing prices used to generate your signals and the fill prices of your orders, for use three months later when the cycle repeats. |
There’s an Easier Way to Sync With the Letter
A spreadsheet or the subscriber-site calculator will generate precise signals for you, but an easier, close-enough-is-good-enough way of following the plans is to copy the letter’s new stock allocations after each set of signals. For this purpose, the subscriber-site calculator includes an “Allocator” tab. The following are its instructions:
| Here’s An Easy Way to Sync Your Plans With the Letter’s | |
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1. Go to The Kelly Letter Calculator |
 Click here to see a larger image. |
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2. Click the Allocator tab. |
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3. Enter the requested figures from your accounts. |
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4. In the “Desired Stock Fund Allocation (%)” field, enter the figure per plan. All of them are summarized in the letter. For example:  |
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You Won’t Be Alone
In addition to Sunday letters, email support, videos, a podcast, and occasional conference calls, you’ll enjoy access to the forums. Here, Kelly Letter readers gather to discuss ideas, and ask and answer questions. You’ll be pleasantly amazed by the thoughtfulness of your fellow members and the quality of these interactions. The forums are exclusive to subscribers. Start by introducing yourself, then fire off questions in our Newcomers forum, and we’ll make you a success.
Simple and Effective, The Kelly Letter Can Help You Stop Worrying About Your Financial Future
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Kent Lacey
Connecticut
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I have followed you, and your weekly letter for some years now. … When the markets tanked after the virus hit the US early this year, I was intently watching how your system would weather that investment method’s biggest test ever. Both you and your style of investing were just perfect during a time when many others were pulling their hair out. Nicely done.
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Vasco Gurch
La Mesa, California
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The Kelly Letter is the only investment newsletter needed for anyone who is interested in understanding how markets work. Not only does it provide excellent economic commentary and clear investing advice, it is also full of deep philosophical insights and provides great tools to learn and apply various lessons in life. I am thankful for being part of The Kelly Letter subscriber community and hope it continues to grow in popularity.
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Select Your Subscription
Disciplined, systematic investing with The Kelly Letter signal plans.
Flexible month-to-month access to The Kelly Letter every Sunday, with all Sig plans, the complete user guide, calculator, and subscriber forums.
- Weekly Kelly Letter
(Sunday mornings) - Podcast of every letter
read by Jason - All Sig plans (3Sig, 6Sig, 9Sig, Income Sig)
- Subscriber-only calculator, user guide, and forums
Save 24% vs monthly. Everything in the Monthly Plan plus a complimentary Jason Kelly Intelligence subscription. A comprehensive package for disciplined investors.
- Weekly Kelly Letter (Sunday mornings)
- Podcast of every letter read by Jason
- All Sig plans (3Sig, 6Sig, 9Sig, Income Sig)
- Subscriber-only calculator, user guide,
and forums - Complimentary Jason Kelly Intelligence subscription ($120 value)
- 24% savings compared with monthly
Included Free with Annual Plan
Annual Kelly Letter subscribers get Jason Kelly Intelligence at no extra cost.
When you join The Kelly Letter, you’ll receive access to the step-by-step workings of the plan, all back issues and reports, and the member community in which your fellow members and Jason answer questions. There’s even a forum dedicated to newcomers, where you’ll feel right at home.
