By the time you hear that “stocks are going higher” I can assure you – I am selling you my shares. Right around the time your broker calls and suggests that “now is a good time to buy gold” guess what? – I’m unloading. Your T.V provides you with the exact information needed – to empty your bank account and fill mine. The entire system is a complete scam and oddly….you still keep asking yourself – what am I doing wrong?
It’s bigger than you. You can’t win. Stop now. Give up. Don’t quit your day job and god help you if your wife finds out you just bought Apple. Well…..truth be known – you can win. Don’t give up ( but seriously…don’t quit your day job) and be proud of your recent Apple purchase.
Turn off your T.V and Internet for one week, then ask yourself – “do I really know what I am investing in/what I am doing?” Seriously…..do you really think you know what you are doing?
I like to use the analogy of boats on the ocean – where currencies are a gigantic cruise ship and U.S equities are a speedboat. Sure there are waves (in this case volatility) but it takes a long time to turn the cruise ship around, while the speedboat is already sinking. Fact of the matter is – currency markets are far more stable than equities, and it takes more than a rainy day and a little storm to put that cruise ship on its side.
Granted I think you can get a speedboat/license, and be out on the water in a in an afternoon – where as… not every Tom Dick and Harry putz around in a cruise ship. Fair enough.
I promise you – keeping your eyes on the currency markets ( and not just the silly EUR/USD ‘cuz they’ve got you on that one too) should keep you one step ahead of the next guy.
Check this out: