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Simple and Effective, The Kelly Letter Can Help You Stop Worrying About Your Financial Future

Vasco Gurch
La Mesa, California
“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.”

Vasco Gurch
La Mesa, California
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.

I Put Volatility to Work—Automatically

My simple plan uses just two funds, one for stocks and one for bonds, and sets a quarterly growth target for the stock fund. Once per calendar quarter, the plan looks at its stock fund to see if it has exceeded its growth target or fallen short of it, then reacts accordingly. Quarterly surpluses are sold and quarterly shortfalls are bought. Proceeds from sales go into the bond fund, and are used later to pay for stock-fund purchases. This process is shown on the chart to the right. →
This Automated Process Nudges Performance Higher

Current Performance Chart

The plan’s enhanced rebalancing buys stocks low and sells them high, through the power of price reaction alone. The farther stocks fall, the more the plan buys. The higher they rise, the more the plan sells. Repeated quarterly, this process nudges your performance higher to beat the market over time. See the plan in action in the current performance chart, at left. ↩

Chapter One: Why Markets Baffle Us

  • The Zero-Validity Environment  4
  • Coin Toss Forecasting  15
  • Evidence of Inability  24
  • Paging Peter Perfect  27
  • What We Think versus What Is Real  33
  • Executive Summary of This Chapter  34
to learn about the system. As a bonus, I’ll send you the famous first chapter of my book, The 3% Signal, “Why Markets Baffle Us.”






A Complete Investment Management System
Your membership in The Kelly Letter community brings you much more than a Sunday morning report. You’ll get all the tools you need to boost your performance, lower your costs, and reduce your financial stress, including:
The Kelly Letter  every Sunday morning by email.
Like no other. Many subscribers say this is the best read of their week, astonishing in its ability to distill seven days of noise into one succinct overview of the very few items that might matter. Start your Sundays right!
A one-page Quick Start Guide
with page number references to full information in The 3% Signal. You’ll receive access to this right away so you can begin transforming your portfolio into a performance machine immediately.
The 3Sig Calculator.
A thing of beauty! You’ll use it to generate your own personal signals every quarter including exact share amounts to buy and sell based on your account balances. It emails you the results to make later quarters easy by keeping last quarter’s numbers at your fingertips. Some subscribers say this tool alone justifies their subscription price.
The subscriber-only section of this website
where likeminded investors are commenting on notes and discussing in forums. Jason joins these interactions every day. They’re a treasure trove of investing tips and wisdom.
The archive of Kelly Letter notes.
It’s a research center, searchable and smartly tagged to make gathering time-stamped material on covered subjects easy.

The subscriber podcast.
Jason reads every letter word-for-word. This feature was requested by subscribers who prefer audio. They listen on their Monday morning commute, during a workout, or while reading along at their computer.
Join The Kelly Letter Community

Choose your plan:

Annual ( 1 year ) $200
Just $4 a week and save 45% over monthly.
Monthly ( 1 month ) $30
Pay as you go.


When you join The Kelly Letter, you’ll receive IMMEDIATE 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 I answer questions. There’s even a forum dedicated to newcomers, where you’ll feel right at home.

Vasco Gurch
La Mesa, California
“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.”

Vasco Gurch
La Mesa, California
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.

Here are more members comment!

Vasco Gurch
La Mesa, California
“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.”

Vasco Gurch
La Mesa, California
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.
Bestselling Financial Author