Just when you thought the markets were going to cooperate with what you think they should do; they do the opposite.
Example: More new historical highs on the DOW, S&P, and the NASDAQ.
Everyone and their brother – and even most Wall Street alleged “Gurus” – have been saying how the stock market is overpriced. As a result, they all feel it’s going to crash any day now.
Let me remind you: The Markets Don’t Care About Your Opinion or How You Feel.
Can I make it any clearer?
Yet I constantly hear: “But James, the markets are so confusing. When should I get out?”
Allow me to answer that as simple as possible.
When you’re real uncomfortable, get out. PERIOD.
Otherwise you’ll only be frustrated and scared of what’s lurking in the shadows.
If you don’t get out – and the market starts to fall – you’ll probably panic like the rest of the sheeple and sell at the wrong time.
When that happens the boyz in the “Club” will be buying everything at a discount…compliments of the sheeple.
It’s Wall Street’s version of the back of a shampoo bottle: Wash, Rinse, Repeat.
The good news is, you’re never wrong taking profits.
However, when you’re considering the timing of when to sell, remember:
- 2019 was a great year in most of the US markets.
- You’re not the only one who wants to take profits.
- Maybe you’re waiting to put off paying taxes until 2020 (again, you’re not the only one).
- Having cash (and patience) gives you the upper hand when markets are falling.
- The world’s not coming to an end in 2020 but you’ll likely see the opportunity of a lifetime.
Read our December newsletter (HERE) and learn what to expect.
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