Gold and Personal Finance
You own gold to smooth out the ups and downs in your portfolio. This works because gold has a low or negative correlation to stocks, bonds, and other stuff.
A Matter of Perspective
Things are pretty good right now. But I think most experienced market practitioners know that pain could be just around the corner.
How Much Pain Can You Take?
The market is not going to go straight up and to the right. You will experience drawdowns. Prepare accordingly.
It Might Be a Bad Year
2024 might be a bad year. We might get a recession. We might get a bear market. We might get a housing collapse. We might get a war. We might get political turmoil. Actually, that is definitely going to happen.
It Takes Three Traits to Become a Successful Trader
One of the biggest requirements to be a successful investor is to be emotionally healthy.
Invest, Then Investigate
Years ago, circa 2013, I kept hearing about the cryptocurrency bitcoin (BTC). I didn’t investigate it at the time when it was trading around $100.