Q: How do you select your recommended brokers? Do they contact you? Are you or your publisher compensated in any way for their mention in your newsletter?

A: The brokers and dealers I most often recommend have been carefully screened, based on a long-term relationship I've established with them. Sometimes these brokers contact me initially with the idea, but I don't usually recommend stockbrokers unless I've seen them in action for at least five years.

Talking with these brokers can help you learn more about my favorite investment recommendations, since my advice often goes contrary to the establishment view. Average stockbrokers will likely argue and try to sell you some alternative investment their brokerage firm is trying to sell.

We have a strict policy at Phillips Publishing, Inc. regarding stockbrokers and recommended investments. Under no circumstances do I receive compensation for a recommendation, nor do I solicit it. Also, PPI has a strict policy forbidding me or any other member of their staff to purchase shares of a recommended stock or fund until a week after you receive the newsletter. My subscribers always come first!