Things are pretty good right now. But I think most experienced market practitioners know that pain could be just around the corner.
The market is not going to go straight up and to the right. You will experience drawdowns. Prepare accordingly.
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.
One of the biggest requirements to be a successful investor is to be emotionally healthy.
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.