| From the Desk of Don Yocham:
You Would Be Nuts to Drive by the Rear-View Mirror
A massive chasm separates financial planning from active investing.
The former dwells in the realm of the known. Tax rules and well-worn rules of thumb fill their tool chest. Even investment decisions amount to nothing more than a reliance on what seemingly worked in the past. And the truly successful adeptly holds client's hands while convincing them to let history guide them.
On the other hand, active investing and the prosperity it leads do not reside in the rear-view mirror. It demands a forward-looking mind. One that dares stare into an opaque future armed only with the courage of its convictions.
And it's your courage to look forward that will build the financial future you deserve.
So, when the founding partner of the financial planning firm at which I worked a few years back told me, "Just think of me like a scared little squirrel trying to protect his stash of nuts," I knew I dwelled among minds very different from my own.
Now, the rear-view mirror works reasonably well with day-to-day or even year-year advances in a straight line. But no straight line runs through Future Shock territory. And conviction is key to moving profitably from one step to the next.
And there are few convictions I hold that I believe will prove indispensable while navigating The Age of Disruption… |
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| Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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This email was sent to penunggangbadai.moneyblog@blogger.com by Long Weekend | |
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