Navigating Market Turmoil: Stay Calm If you're plugged into the world of investing at all, you're about to be inundated with bearish news. Calls for a recession, depression, and the end of the world as we know it will start to flood the media. You’ll hear statements like “Trillions of dollars lost in the market in one day.” People might start advising you to cash out your retirement account and stuff it in a mattress. The truth is, when markets take a downturn, the fearmongers emerge, offering their opinions on why stocks are a broken asset class forever. Here’s the deal: I’ve been on the record saying that I am bearish on stocks in the short-to-medium term. The recently ignited trade war under President Trump will likely harm the stock market in the near future. If current policies continue along their current trajectory, they present a real risk to the structure of the American and global economic systems. However, there are really only two possible outcomes: Presid...
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Main Street Investor: Introduction
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From an early age, my father instilled in me the importance of spending money wisely, saving money, and investing money. I didn’t realize the importance of these principles until I was a senior in college (5 years ago). I don’t know what happened, but it was as if I had a spiritual awakening. I suddenly became infatuated with money. I wanted to learn everything I could about winning with money. I watched every Dave Ramsey video available on YouTube, began watching CNBC daily, read books, and considered every possible business endeavor I could think of. Unfortunately, I learned quickly that there are no get-rich-quick solutions out there. I learned that the most probable way to win with money, for most people, is a long and boring process. Luckily, winning with money is something that nearly anyone can achieve. To win with money doesn’t require any special talents, skills, or even a high income. The recipe for success is a combination of time, consistency, and discipl...