READ Common Sense: The Investor’s Guide to Equality, Opportunity, and Growth “I recommend this book to anyone who cares about these things. It’s not just for investors.” Howard Marks, Co-Founder of Oaktree Capital Management Watch the related WEALTHTRACK episode.
ACTION POINT
DON’T TRY TO TIME THE MARKET!
DON’T TRY TO TIME THE MARKET! S&P 500 Compound Annual Growth Rate (Jan 1, 1995 – May 31, 2020) 7.8% if fully invested 5.9% if you miss 5 best 2.4% if you miss the 20 best trading days 0.6% if you miss the 30 best trading days -1% if you miss the 40 best trading […]
OWN SOME SAFE HAVEN INVESTMENTS
OWN SOME SAFE HAVEN INVESTMENTS VOLATILITY ON THE UPSWING MORE FREQUENT MARKET DISLOCATIONS GROUP THINK DRIVEN BY ALGORITHMIC TRADING Watch the related WEALTHTRACK episode.
STICK WITH YOUR INVESTMENT DISCIPLINE
STICK WITH YOUR INVESTMENT DISCIPLINE KNOW YOUR RISK TOLERANCE STAY WITH YOUR ASSET ALLOCATION REBALANCE WHEN IT GETS OUT OF WHACK BE DIVERSIFIED AMONG: RISK ASSETS, LIKE STOCKS SAFE ASSETS, LIKE SHORT-TERM TREASURIES HEDGES AGAINST DISASTER, LIKE GOLD Watch the related WEALTHTRACK episode.
CONSIDER SOME “HOMEBODY” INVESTMENTS
CONSIDER SOME “HOMEBODY” INVESTMENTS Rosenberg thesis: Transitioning permanently to more frugal “homebody” economy “HOMEBODY” BENEFICIARIES include: Home OfficeTechnologies (cloud) Telecommunications Utilities Food Suppliers Diversifiers include: – Gold – Treasuries Watch the related WEALTHTRACK episode.
REASSESS YOUR EXPENSES
REASSESS YOUR EXPENSES COVID-19 a wakeup call Doing without many activities Many former luxuries, not necessities Watch the related WEALTHTRACK episode.
