Economy

“Nobody has ever gone poor by taking profits.”

If you’re sitting on massive gains from stocks, bitcoin, or Beanie Babies, don’t be afraid to sell some.

I decided to take a look at two out of the 500 stocks which make up the S&P 500. The best performer and the worst… and where are they going?

Older people are better at investing.

That’s not a factual statement… and it’s not politically correct either.

But, it’s generally true.

I want to share with you the three things that really stood out to me.
I’ve left out the names of people (and of the details) for reasons you’ll see…

If I had a Bitcoin for every email I’ve received asking me about Bitcoin… well… let’s just say you probably wouldn’t be hearing from me right now.

There is a stock we bought that has almost doubled in price in two months. Many E/P members are asking if they should hold or sell.

My response: You can’t go poor by making a profit.

While the actual amount of money that is flowing into Bitcoin is relatively small, perhaps Bitcoin’s rise is just another symptom of an overheated market.
Or…

Remember, that usually what happens at the top of a credit cycle. As people’s wealth expands, they spend on assets. But, this can’t last forever…

This government is yelling. “WE ARE GOING TO GIVE OUT TRILLIONS OF DOLLARS TO WHOEVER CAN HELP FIX OUR POLLUTION PROBLEMS!!!”

Who can answer that call?

In 2016, California voted to legalize recreational marijuana. This means that the 6th largest economy in the world would allow everyone to buy, grow, and consumer marijuana.

That’s a big deal.

But… I think this is WAY bigger.

I hate to over-sensationalize this, but I think this is a big, BIG deal.