My Plan to Turn $1 Million Into … $10,000,000
Here’s the 3-1-Q. 3 insights, 1 word for you to ponder and 1 question for you to jump-start your week… 3 Insights… No. 1: Magic Number to Retire? Americans now think $1.25 million is what they’ll need to retire comfortably. And that’s because we are living longer. Unfortunately the average retirement savings account is dropping….
Brandan FurnaceThe Fed’s Chokehold on Stocks
The Federal Reserve is dead set on raising interest rates to quench inflation. The key rate to watch is fed funds. It’s now at 3%. And there’s a 97% probability that the rate will top 5% by May of next year. That’s based on futures prices. Rates haven’t been that high since 2007. Once again,…
What Would You Do With $1 Million?
“Charles, say that again. You’re doing what?!” Now, I’ve heard of some pretty bold moves in my time, but this one takes the cake. Charles responded by showing me the check … $1 million. His goal: Grow that $1 million into a $10 million fortune in just 10 years. Why is Charles so confident that…
Rising Rates = Huge Blow to Stocks
For This Week in Options, Amber and I get to the nitty-gritty of how interest rates actually affect stocks. Ongoing Fed rate hikes since March 2022 have been a concern for everyone this year. But news channels only parrot that it’s bad for stocks. Rather than following the talking heads, we want to lean back…
I Want You to Hear This…
Are you successful? If you think you are, what benchmark are you using? The size of your net worth? The size of your home? The type of car you drive? Because when I was younger, I measured success by the size of my net worth. The more zeros after the dollar sign, the more successful…
It’s Pouring Profits! 16 Triple Baggers This Week
What a week it’s been for the stock market! Finally, we see a rally that actually held for more than a day. And although I have my doubts about how “real” this rally is, the profits we’ve been seeing in the Trade Room because of it are very real. I feel like I say this…
The Government’s No. 1 Dirty Secret About Inflation
It’s like pouring gasoline straight onto a campfire… Then being shocked when the blaze rages into an inferno. You’d have to be a nut to do it in the first place. And a fool not to expect what comes next. But… That’s exactly what the American Rescue Plan did. In March 2021, President Biden and…
Why I’m Watching the Dollar
Many consumers believe we’re already in a recession. In a recent survey, 20% of consumers said the recession has already started. An additional 70% expect to see a recession within 12 months. That 20% are right in a way. Their families may be experiencing a personal recession. The economy contracts slowly, and people start losing jobs…
Timing This Market? You’ll Pay the Price…
Some folks just never learn. It’s the single worst thing you can do to hurt your net worth. And it’s 100% avoidable. Yet I see investors do it … almost every day… Fear overtakes greed — and they sell stocks near the bottom. Then greed overtakes fear — right before the next downturn. They may…
How to Catch the Next 30% Rally
One of my close friends is a psychologist. She teaches me about conditions in general terms. For example, she’s taught me that depressed clients can be slow to act. They know they need to do something — but they wait. When they finally decide to act, it can be impulsive. This delayed and rash behavior…