Ignore Everything Outside of Your Control And Watch Your Wealth Grow

Ignore Everything Outside of Your Control And Watch Your Wealth Grow

The people who run the world we live in will do things that change it.

Outside of who we vote for, there’s not a whole lot we can do about that. Getting hung up on what you can’t control is a recipe for emotional and monetary poverty.

Yet, it appears the whole market has become paralyzed with the same tariff fears. A fear centered on something they cannot control.

Folks are obsessed with situations they can’t control. But in investing, there will always be situations you have no control over.

That was true during the Cuban missile crisis in the 1960s… The runaway inflation we saw in the 1970s… The Cold War era of the 1980s… The Gulf War at the start of the 1990s… The dotcom bust of the early 2000s… The Great Financial Crisis of 2008… And the COVID-19 pandemic outbreak in 2020.

Despite all that tumult, not only did we survive each of those crises, we thrived. Vast personal fortunes were made during every one of those decades. The key was to focus on where the opportunity was during each period.

As I look at this decade, it’s clear to me government debt will continue to expand… The buying power of the dollar will erode (meaning prices will go up and your dollars will buy less goods)... Artificial Intelligence (AI) will lay waste to millions of jobs… And the divide between rich and poor will grow even wider.

That sounds awful. And it will be for many people who don’t act now to insulate themselves from what’s coming.

For the quality of your future life, it’s never been more important than now to own the right assets that will carry you through the storm of change you will have to navigate in this decade.

The good news is the right asset mix will ensure you exit this decade richer than you went into it. And that’s what you want to focus on – not the day-to-day gyrations of asset prices.

Because on any given day, your portfolio can get temporarily savaged by events completely out of your control.

The Best Asset to Buy During the 1970s