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These Are Scary Times... Here’s What to Do Next
Don’t Throw Out the Baby With the Bathwater
Editor’s Note: Today’s issue is an update that appeared in Big T’s Inside Crypto. With all the volatility in the stock and crypto markets, we wanted to share it with all of our readers.
Please see the P.S. below to submit your questions.
These Are Scary Times… Here’s What to Do Next
If you are not scared right now, you wouldn’t be human.
Our country is in the midst of a civil (servant) war between entrenched bureaucrats and the White House… On top of that, the United States is resetting trade relationships with all its trade partners… And inflation is still a huge issue.
We are in a cauldron of uncertainty. And financial markets hate uncertainty.
So far, the stock indexes haven’t dropped that much. But certain pockets of the market – such as technology – have taken a real thumping. And along the way, we’ve seen crypto assets get mauled lower.
All of us investors who have been outperforming the indexes have a heavy concentration in technology-focused investments. I lump crypto into that as well. So when traditional tech takes it on the chin, so does crypto.
So we have to ask ourselves: Is tech dead? And by extension, is crypto dead?
Well, it sure “feels” that way.
Widely held stocks like Palantir, Super Micro, and Nvidia have been down as much as 32%, 34%, and 26% from their respective peaks.
Altcoins are down more than 70%... bitcoin has been down as much as 25%... And Solana – a coin I am very bullish on – has been down as much as 56%.
Throw in all the political and economic uncertainty I outlined above… And again, it sure “feels” like this is a bad time to be in the markets. And it feels like an awful time to add money to the market.
But before you sell everything and go to cash, answer these questions for me: When you look back at the best prices you’ve ever got on your investments, was it when everything was rosy and certain? Or was it when everything was rocky and highly uncertain?
I’ve done this review in my own portfolio. And by far, my worst performance has come from buying when my “feelings” were telling me, “Nothing can go wrong.”
And my best profits have come from when I bought when my “feelings” told me, “Everything’s wrong; you can’t buy now.”
On Wednesday, I wrote about how to take advantage of the fear swirling around bitcoin.
Today, I want to share another idea with you that I believe is wildly cheap right now… But you won’t want to buy it. All of your “feelings” will tell you to stay away.
But here’s the thing about “feelings” ... They are lousy at helping you make money.
So, if you’re prepared to go in the opposite direction of your “feelings,” keep reading on for an idea that – at a minimum – will double your money this year… And will likely go far, far higher than that.
The Meme Coin Craze