(excerpted from the most recent Nate’s Notes Inter-Issue Commentary – 7/31/13)

After a lot of back and forth with my wife about how much money we are willing to tie-up “for eternity” (or at least as long as I write the newsletter) – as well as insights gleaned from conversations with subscribers interested in the new service regarding their own portfolios – I have decided that $15,000 is the most appropriate amount to use as a starting figure in the “real world” account that I will be using to track the performance of the new service.  However, if you have less (or more) than this amount that you can put towards the trades, it should be fairly easy to scale your trades proportionally (i.e. if you start with $30,000, you will simply buy/sell twice the number of shares and contracts that we do in the newsletter).

Also, though there is a part of me that likes the idea of being able to use margin from time to time, a big reason I am starting this service is in response to requests from my long-time subscribers to help transition them to a more conservative approach to the stock market as they approach retirement.  For this reason, along with the fact that I am under the impression that many of the initial subscribers to the service will be making the trades in their retirement accounts (where margin trading is not allowed), The Wagmore Advisory Letter will not be using margin when making trades.

And finally, as a practical consequence of the above two items, this means that, at least initially, we will likely be able to establish positions in 4-7 stocks against which we will then start writing covered calls on a rolling basis.

Because this approach to investing will naturally require us to make trades more frequently than just once a month (as we have been doing in Nate’s Notes for the past 18 years), I have decided that rather than have a set publishing schedule for a single eight-page issue each month, the service will instead consist of short commentaries, updates, and trade recommendations that will be published periodically throughout each week (and, it should be noted, will only be distributed electronically).

I am very excited about the upcoming launch of The Wagmore Advisory Letter, and as mentioned in last month’s issue, I hope you will take advantage of my invitation to sign-up to get the first month free (without obligation to continue, no “auto-renewal” plan you’ll need to cancel, etc.) by visiting https://www.notwallstreet.com/first-month-wagmore-expreg/ and completing the simple “two-click” sign-up process (and then don’t forget to work on getting cleared to write covered calls in your brokerage account too!).

Thanks again for your interest in (and support of) this new service – after months of planning and work to get it set up, I can’t wait to get started!