The Silent Killer of Your Wealth: It’s Not Volatility

The Silent Killer of Your Wealth: It’s Not Volatility

The market will do everything in its power to keep you from making money. That’s because it’s efficient at exploiting human emotions.

You’ve often heard me talk about volatility. That’s because I’ve seen it rob investors of fortunes – not by wiping out their portfolios, but by scaring them into making the wrong move at the worst possible time.

Fear does that. It tricks your brain into thinking survival means getting out when you should be staying in… Or getting in when you should be staying out.

But there’s another emotion – one I don’t talk about as much – that might be even more dangerous than fear.

It’s boredom. And I’ve seen it wipe out as many potential millionaires as fear has.

Unlike fear, boredom doesn’t punch you in the face. It whispers. It lulls you into a false sense of “nothing’s happening.” And before you realize it, you’ve quit a life-changing investment because it didn’t move high enough fast enough.

Friends, I get it. Everyone gets bored at times.

It’s happened to me in stocks, real estate, and collectibles like cars and watches. I got bored, sold too early, chased the new shiny thing and ended up leaving millions of dollars in profits to other more patient investors.

Knowing that you own a great asset is half the battle in getting rich from asset ownership. Time is the friend of the person with a portfolio of well-chosen assets.

Always remember that over time, the value of great assets ALWAYS gets realized.

Time will march on regardless of what we do… So shouldn’t we make time our friend?

The method I use now is to always make sure I have a healthy cash cushion and/or assets I can borrow against should an emergency need for cash arise. That gives me the freedom to sit through truly insane volatility.

And make no mistake: If you want to close the gap between your current reality and your financial dreams in weeks, months, and years instead of decades… you will need to learn to harness volatility – in a way that works for you without wiping you out.

From Snoozefest to Shockwave