There is one common thread within Wall Street, no matter what happens there is always opportunity for Wall Street to make money. They will feed the fear by offering products which provide safety and guarantees.
This safety and the guarantees come at a very high price to the investor. In the long run the costs to the investor are high as well as the revenues to Wall Street. Higher costs to the investor directly affect performance in a negative way.
All that you know is what the brokerage community or financial press wants you to know. They have trained you to accept their version of reality – over the span of your entire life.
Recently the large discount brokerage firms reduced their trading fees to $0 that’s right zero dollars to trade on their platform. This sounds very interesting to potential and current traders. But you must ask yourself if trading is ‘free’ how do they make money?
Perhaps it’s because they need you trading. This ‘free’ trading is costing you. Because they make money on every trade through the bid/ask spread.
They need you trading but is it in your best interest? I believe active trading is nothing more than gambling and speculating.
There is a complete body of investing knowledge developed in the halls of academia. Most people do not even know that it exists. This is the real wisdom you need to create wealth and abundance.
Volatility is uncomfortable, at least the negative volatility but it is something you will have to live with to keep up with inflation and grow your wealth.
To succeed with investing for the long term you must own equities…..globally diversify……rebalance.