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As I write this Thursday morning, I'm looking at an image of an oil tanker burning near the strategically vital Strait of Hormuz.
The media is reporting two tankers have been hit in what's being called a "suspected attack" in one of the globe's most volatile flashpoints. It comes at a time of high tension between Iran and Yemen on one hand, and the United States, Saudi Arabia, and the United Arab Emirates on the other.
Am I concerned? Of course. And if you are, too, I sure don't blame you. It's perfectly normal.
But as intelligent investors, we want to reserve judgement until the facts are clear, and – importantly – we absolutely have the breathing room and confidence to do that because of the risk management we have in place.
I can't say as much for everyone else though; crude oil futures have already spiked 4%, and you can almost feel the chaos and fear through the computer monitor. There are a lot of headless chickens running around out there right now, and thankfully we're not among 'em.
Which brings me to today's recommendation.
About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.