Be Greedy when others are Fearful.

One of the famous quotes by Warren Buffet when he was asked the secret to getting Rich.

‘I can tell you how to get Rich, Close the doors. Be Fearful when others are Greedy and Greedy when other are Fearful.’

Well, I saw some of the fear last week in people, one person in a group I belong to said, she was beyond fear and into depression. That wasn’t the first time I heard that, that is why you belong to clubs and groups to get support and communication. People are losing money to margin calls and facing liquidation of their assets. Some of these companies don’t play around, they just sell all your stock. If you increase your financial knowledge you won’t end up in those situations or if you have pushed the limits to far you know how to recover. If not, you have people to talk to and review what to do next or what to do next time to avoid the pitfalls. As your assets grow you learn more and more, that thirty dollar stock drop or one thousand dollar portfolio drop are no longer scary. Now you are watching $50,000 and 200,000 drops in a day. If you are confident in your plan you are prepared, this is the time fortunes are made.

With everything going on in the world the market has seen some huge declines, into the Bear market territory now. These declines have dropped the capital values of peoples’ portfolios to the point of margin calls or maintenance margin. If you are managing your portfolio properly you won’t get to that point or you will have contingency plans in place to alleviate those concerns when they do happen. Be careful out there, good debt can allow you to do incredible things and grow very fast. It can also allow you to go from bankruptcy to a millionaire very quickly once you understand the money game and how it is played.

With all the financial turmoil amidst the bad news in the world, by the time you evaluate the data to determine if you are in a recession you might already be half way through it. I suspect that’s the case now, time will tell. We have hit some pretty major lows, broken some records, the optimistic person in me says the worst is over and we go sideways a bit and recover. The data all says the third quarter should be pretty amazing but that might just be the companies I follow close. Tesla is set to do a split possibly third quarter, if that goes through historically the stock has risen as much as 75% afterwards. The company is doing amazing things and people are afraid and try to constantly find fault. If you follow the information it is quite funny how green politicians seem to be blocking the good things they are doing to save the ancient companies in their states. SpaceX is now sending astronauts into space versus the U.S. using Russian rockets, using reusable rockets for pennies compared to what they used to spend. SpaceX is send satellites into space to provide world wide internet coverage. You could be in the middle of rain forest and read about the histories of other countries. Or some of the amazing things happening in the renewable energy sector, crypto currency and others. We are in an age of great change. China is doing so much in the renewable field it makes me want to visit their country to see the wonders of the engineering projects being built. Terawatts of solar going up in desert regions and transporting it across the entire country to major cities to provide clean power versus all the coal they had been using. Europe is on a stellar track making improvements in the green energy space and may finally be forced to stop relying on Russian oil and gas. The saudis have massive projects in place to shift them away from their reliance on fossil fuel sales. The U.S dragging behind everyone might actually be starting to get on board. The major auto companies will be putting out more and more electric vehicles dragging people into the modern age. A modern gas engine is around 15% efficient in converting that power to movement, incredible that we relied on it so long.

If you look past the turmoil and bad events being reported to get your attention or clicks we are in a wondrous time. Take advantage of it as much as you can, if you work make your self knowledgeable of the new innovations, don’t live in the past. As an investor this is the time to invest if you haven’t been. Crypto currency is here to stay as countries around the world adopt differing versions. As the stocks drop, a crypto coin pegged to the dollar, a safe coin, broke lose and eventually was lost. Billions of dollars gone, fear, I told you so in the air.

‘The time to buy is when there’s blood on the streets’ Baron Rothschild.

I’ll be putting more money in Ethereum, Bitcoin, and trading crypto coins utilizing bots now, Continue building my dividend assets and trading options. It’s going to be another exciting year with lots of change coming.

This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.


Published by Jay

I came from a single parent house with four kids. My mom was a waitress and my sister helped pay the bills. I didn’t have any silver spoon in my mouth but I was able to break that cycle and I’m still learning about money and finances everyday. They just don’t teach you these things and it seemed like people didn’t want to share!

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