Is this the recovery?
Is the stock market going to soar higher or fall back down to test the lows?
To quote Rhett Butler in Gone with the Wind: “Frankly my dear, I don’t give a damn.” And here’s why…
Earlier this year, the stock market plunged into a bear market in only a few weeks. It was the quickest bear market in history.
After reaching a low in March, the stock market stopped falling and shot up close to 40%.
I don’t waste my time trying to figure out the next direction of the stock market over the short term. I haven’t met anyone in 40 years that can predict the market consistently.
Instead, I focus on buying financially sound businesses trading at bargain prices.
Because during downturns, strong companies get stronger and weak ones wither away.
It’s like this: If a company goes into a downturn with a cold, it ends up getting pneumonia. But if a company goes into a downturn with pneumonia … it usually doesn’t end well.
That’s why I focus on companies that are in tiptop shape. As legendary investor Warren Buffett likes to say, when the tide goes out, you discover who’s been swimming naked.
In today’s video, I talk about the types of companies you should avoid. And I also share one industry that should do gangbusters over the next few years. Getting in now could be the best investment decision you can make.
Watch the video here…
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Most importantly, I do all the heavy lifting so that you don’t have to.
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Editor, Alpha Investor Report