Many investors think of investing as something very difficult… a wild ride. They look at a stock chart, and instead of seeing the 3D “straight line” picture hiding in plain sight, they see a chaotic, scary, up-and-down mess instead.
But as always, I’m here to tell you it doesn’t have to be that way.
Investing can, and indeed should, be a smooth process – even if the world is anything but.
I know the headlines, especially, are challenging.
Just this past week, for example, we’ve had the president meeting with North Korea’s Kim Jong Un in Vietnam, more stuff to digest on the Chinese trade talks, Fed Chair Jerome Powell on Capitol Hill, and former Trump lawyer Michael Cohen speaking to the House Oversight Committee.
And that’s not even including earnings!!
Still, the big stuff is important. I don’t want to make light of the concerns you and I have about the world we live in and how those things impact our money.
So here are three safe, simple, and sane steps to take when the news starts to weigh heavily…
How to Build the “Total Wealth Framework”
Put simply, you cannot invest blindly any more than you can drive down the street with your eyes closed.
I use big-picture headlines as a frame of reference. Nothing more than that.
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I want to know how, why, and when they’ll impact the financial strategies I use to uncover and share the world’s best investment opportunities with you.
So I ask three simple questions that help me make that determination:
- Does what’s happening impact any of the six Unstoppable Trends we follow by altering the trillions of dollars driving ’em?
- Does what’s happening impact the companies making “must have” products and services?
- Does what’s happening impact the risk management I have in place?
If the answer is “yes,” then it warrants making a few adjustments; if not, then… steady as she goes.
Perfect example: Wall Street analysts couldn’t wait to say “I told you so!” when it came to Apple Inc. (NASDAQ: AAPL) after that company announced that it wouldn’t be sharing iPhone sales figures going forward last year.
They cut slashed price estimates left and right, falling all over themselves in what appeared to be a panic reaction, but what was in fact a no-holds-barred, all-hands-on-deck effort to convince everyone and their mother that the “Apple-ocalypse” was upon us.
Sadly – and predictably, I might add – millions of investors fell for it. They lost… no, make that gave… billions of dollars to Wall Street in the headlong, panicked rush to sell.
For Wall Street, it was “mission accomplished.”
But for us, it was a golden opportunity. Why? Because I took a look at the situation using the framework I’ve just laid out and asked myself those same questions…
- Does Apple’s decision impact the six Unstoppable Trends? Nope!
- Does Apple’s decision change the nature of the “must have” technology it produces and sells? Not at all! (In fact, the opposite is true, given the pivot into medical devices I told you about long before the Street even contemplated the possibility.)
- Finally, does Apple’s decision impact the risk management techniques used to manage holdings in Apple? Not a bit!
Total Wealth tactics like the trailing stop would have helped you capture profits before the majority of Apple stock fell, and lowball orders would have helped you get back in on the cheap which, of course, maximizes your profit potential.
No doubt you see my point: I don’t worry a lot about the headlines because very few of them actually change the simple, powerful, and proven methods we talk about frequently. If anything, the reverse is true.
The key thing I want you to take away from all this is that you want to stop thinking about the headlines in terms of what might happen and, instead, review them within the Total Wealth framework of what is happening.
There’s a big difference, both in terms of how you sleep at night and how fast you can grow your wealth.
What’s more, having a clear mind because you have a clearly defined framework for winning can help you bag big winners consistently, year in, year out, in all types of market conditions.
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