Today's column will contain some of the most valuable investing advice you'll ever read.
But, be forewarned. You won't see this anywhere else.
What I have to say is much more direct… blunt, even.
I've chosen to publish this column today because I want every investor who reads it to have a fighting chance in the months ahead, at a time when the headlines are hopelessly negative and running for the hills seems like a prudent thing to do.
Not one in a million investors will come to terms with today's message, which is too bad, considering how much wealth will be created by those few – like you – who do.
Even if the others don't want to believe it…
The Perspective to Turn Pessimism into Profits
Years ago, I was a typical newbie investor trying to make sense of the financial markets. Like many people in the early 1980s, I found it difficult to come to terms with the collapse of the Soviet Union, runaway inflation that was a legacy of the 1970s, a recession, oil deregulation, and more, when it came to my money.
The headlines were extremely negative, leading some very smart people to conclude that the economic woes of the time were insurmountable, and by implication, investing was not worth the risk.
My grandmother, Virginia "Mimi" Gruner, didn't see things that way.
A self-taught investor widowed at a young age, she was making thousands of dollars a month at a time when that was inconceivable, and her portfolio was doing exceptionally well.
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I asked Mimi how she was doing that. What was she buying?
She told me, and my understanding of how markets worked changed overnight.
What did Mimi say?
Was it about which companies to buy? Cutting risk? Finding undiscovered stocks?
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean. In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.