May 20, 2017

Avoiding Boom and Doomsday Predictions

Interesting, the investing advice everyone listens to falls into two categories:
1 - You are missing out! The market is going to $50,0000 …
2 - Watch out! The market is falling to $1,000 …

The further from current market conditions, the more outrageous the claim, the more attention the speaker gets. Followed by books sale too.

We are drawn to the colorful, the weird, the freaks and the entertaining. Like moths to a light we give our attention to these claims.

Donald Trump says and tweets outrageous comments. No politician would say such things. However the enthusiasm he drew made him president. Despite the best effort of both parties.

However if you are going to invest wisely. Listen to successful investors, savers and avoid the “Too Good to Be True” claims of the famous and infamous.

There is a lot of talk about impeaching Donald Trump. Lots of famous people do not like him. He talks too much, makes outrageous statements of the top of head, and it is “All about Me”.

Not going to happen yet. Only been 4 months in office. What he has done is not criminal. What he says is Free Speech. Any investigation may take years, or at least a lot of months.

Stay your course. Save money. Invest it. Don’t get caught up in HYPE.


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