One theory of successful investing says that picking big winners is less important than avoiding stupid mistakes. In other words, if you don’t suffer big occasional losses, your gains (even if they’re modest) go towards increasing your net worth rather than clawing you back to breakeven. Your nest egg grows steadily, and you sleep better without the “If only I hadn’t…” angst (I’m speaking from painful experience here.)
How do you avoid those big mistakes? One way is to seek advice from an experienced financial advisor who has “been there, done that” and can help you keep emotions from overwhelming common sense.
How do you find such an advisor? That’s where Adam Taggart comes in. Most of you already know Adam from his popular Thoughtful Money YouTube channel, where he interviews billion-dollar fund managers and Nobel Prize-winning economists. His Substack newsletter, though less than six months old, is among the most successful on the platform. He’s a good friend whom I trust completely.
Ask Anything
Every few weeks, Adam assembles a small group of trusted financial advisors for "Ask Anything" Q&A sessions in which viewers submit questions and the advisors provide answers. He’s hosting a free session exclusively for this newsletter’s subscribers at 7pmET/4pmPT on Tuesday, May 7th.
If you’re wondering how to protect against a sudden “flash crash,” how to build the perfect precious metals portfolio, how to find a safe bank, or how to solve a specific issue with a retirement account or real estate deal, Adam and his advisors can probably help.
I’ll be tuning in and submitting a few questions. Hope to see you there!
John
Disclaimer: Adam and I don’t have a marketing relationship, and I don’t profit from this Q&A session in any way. But I trust these people and recommend taking advantage of this offer of expert advice.
Thank you for doing this. That's very thoughtful.
https://seekingalpha.com/article/4685209-narrow-fiat-money-supply-and-gold
The changes of the past years promote the status of treasuries to be regarded as narrow money, accompanying and oversizing the base currency of the Fed. (Updating Exter)
The deficits and annual interest payments are approaching 38% and 20% of tax revenues; an apple-to-apple comparison.
The fulfilled theme of annualized profits for the few and permanent debts for the people has repeated itself for the past 24 years, as evidenced by the acceleration of total treasuries in red.
The global fiat currencies and systems are weakening compared to the physical past money (gold + commodities), possibly because of increasing total debts.