If You Keep Reading Bloomberg, You Will Never Become A Millionaire
If You Keep Reading Bloomberg, You Will Never Become A Millionaire
Focus on "small" investors.
New York Times, Fortune, Bloomberg, ... all these media outlets are useless if you want to make money in the markets. When people engage with them, as it has happened to me, they tend to read from the first page to the last, searching for the secret recipe that will give us the next stock to buy or simply a tip that will make us millionaires.
Honestly, I'll tell you that it will never happen if you approach it this way. The ones who become millionaires are actually the media themselves. These types of newspapers are controlled by large funds and hedge funds that need your money now that interest rates are so high. They need market fear to make you sell your holdings in the S&P 500 and put it in your checking account.
However, I know many "small" investors who are actually becoming millionaires with a strategy that deviates from everything we see in the news.
Honestly, I believe that this blog is one of those examples where we are not biased by anything. We simply analyze and act based on a system.
The clearest example was when we shared with our subscribers that they should buy leveraged S&P 500 (UPRO) at $37 just a few months ago. We saw a bullish market, and this week it has been confirmed with UPRO gaining 22% in just a few months.