I've talked with tens of thousands of investors over the years, and almost to a person they're convinced that building wealth is a complicated, difficult undertaking.
Not the way I see it.
In reality the biggest challenge isn't investing itself.
And, specifically, the lies we tell ourselves about money.
Learn to get around those and making money becomes easy. Racking up huge profits becomes fun. Retirement becomes – dare I say it – something you enjoy.
Here are three (actually true) market truisms to get you started.
1. The Markets Have an Upward Bias
I often joke with my audiences at presentations around the world, saying that we are all born with common sense… it's just bred out of us as adults. Usually that gets a good laugh because everyone in the room can identify with the premise.
Nowhere is that clearer than when it comes to money.
It's human nature to believe that the worst is just around the corner. Faced with a minor correction, millions of investors believe the sky will fall and the markets will go into some sort of catastrophic meltdown. Headlines light up with bearish commentary and the pucker factor rises exponentially.
Maximize Your Retirement: Participating in a 401(k) plan puts you ahead of most Americans. But these overlooked benefits offer a game-changing shot in the arm for your nest egg. Read more…
Maybe that's a result of millions of years of genetic programming or simply a byproduct of the Internet – I don't know. But what I do know is that that millions of investors want to believe the world is going to hell in a handbasket
Yet, in reality, the world has a very positive bias, and so does your money.
Take current market conditions, for instance.
People are convinced the financial markets are going to implode for any number of reasons. There's Kim Jong Un, Vladimir Putin, China, the Fed, the president, the debt, rising interest rates, and the fact that the bull market is now nearly nine years old.
This is a lot like worrying about having three feet of snow on the ground in July just because you got an inch of the white stuff in November, and about as fruitless.
Let me prove it to you.
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, and he's also the founding editor of Straight Line Profits, a service devoted to revealing the "dark side" of Wall Street... 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.