Oct 8, 2021
Summary:
The markets have hit some rough patches today, but this is
ultimately inevitable. I sit down and speak with ___ to discuss
these issues as well as how we can address them in a realistic and
efficient manner. The economy moves in cycles and it’s important to
be cautiously optimistic. If you can maximize opportunities no
matter what position you are in, then you will see a great payoff.
We are all in the same boat in terms of predicting what the economy
is going to do, and it’s important to keep a well-informed, level
perspective.
Highlights:
-The markets have hit a couple of rough patches lately—is this the
start of the long-awaited correction?
-When markets go one way for too long, they reverse eventually
-The economy moves in cycles, and we are cautiously
optimistic—which is normal when you’re investing
-It’s about maximizing opportunities in whatever position you’re
in
-People have been generally rewarded for taking more risks in the
market and being more aggressive, even though there have been
pullbacks
-No one has a crystal ball, and we have to read the signs as best
as we can
-The system will never be perfectly efficient; there’s no singular
algorithm
-It’s never all on or all off. You need to find the balance based
on what’s going on
-The key to taking advantage of volatility is having more capital
to put down on the market
-It’s hard to get in at the bottom, and it’s hard to get out at the
top
-Measuring success in the distribution phase is subjective. You
must ask yourself if you’re reaching your specific goals—it’s going
to be different for everyone
-You need to continually update your plans
Useful Links:
Financial Survival Network
Stride Financial