And just like that, the world came unglued…

Zero Hedge reports a series of financial scares is sweeping the world:

  • Greece declared a bank holiday through July 6. That’s when the Greek people will vote on a de facto referendum over whether to exit the eurozone. A Greek exit will send global equity markets reeling. The Greek government has also initiated capital controls. A depositor—if he can find a working ATM—can withdraw no more than 60 euros per day.

  • Chinese stocks just saw the biggest crash in 19 years. The ChiNext exchange—China’s version of the tech-heavy Nasdaq—dropped 19% over three trading days. And the Shanghai Composite index has entered a bear market… after dropping more than 20% from its recent highs.

  • Puerto Rico’s governor just announced the island’s $72 billion in municipal bond debt is “not payable.” Puerto Rico has more debt per capita than any U.S. state. The governor is pushing to declare Chapter 9 bankruptcy for all of the commonwealth’s largest public agencies. It’s spreading uncertainty throughout the entire municipal bond market.

The turmoil will drive many investors to panic, worldwide. But regular Daily readers should feel a different emotion: greed.

We’ve spilled a lot of ink preparing for this eventuality. We’ve used position sizing, stop losses, and asset allocation to cap our downside risk. That means we have ample cash ready to use as rare deals present themselves on some of the best companies on earth.

Use the chaos to your advantage…

For example, one powerhouse company in our elite Legacy Portfolio—the safest, surest way to amass stock market wealth—is teetering on low valuations almost 30% below fair market value. The business is a global titan that’s yielded a safe 13.5% compound annual growth rate over the last 30 years. It’s raised its dividend every year for the last 27 years straight. And it sells a product that everyone buys… whether Greece, China, and Puerto Rico implode or not.

Legacy subscribers can click here to review this opportunity.

Greece Crisis

“The Greek crisis—an opportunity for those prepared to seize it.”