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*The newsletter average performance of The Prudent Speculator (TPS) has been the #1 ranked (1 out of 14), not adjusted for risk, investment newsletter since inception, according to Mark Hulbert and The Hulbert Financial Digest as of 06.30.17. A newsletter’s average Hulbert Financial Digest Ranking is based on the average of its several portfolios, in the event it recommends more than one, and includes portfolios that the newsletters have discontinued. Ranking is not indicative of future performance and may not be representative of any one client’s experience. Please visit http://hulbertratings.com for additional information.