Fund Manager, IRA, JAY discussed on Bull 'N Bears


Academy a friend of, mine a mentor minds senior. Coach Steve Champa what's going on Jim Yeah it's the weekend man good to. See you, good to see Jay here. In studio lost to talk about markets moving a. Lot we just officially broke the. Record for the longest bull market in history and. The s&p five hundred nine. Years up we'll concern about that going gonna? Talk a little bit about self directing and protected. Against downside loss capital preservation we'll talk about selling short making money on the downside today lots to cover good market environment right now to be a traitor investor if you. Understand how and the key thing is if you. Understand how exactly and don't forget to head over to Facebook like is that bulls and bears radio you. Can see a lot of the bloopers behind the scenes exactly what you and I both looked like even Jay's on their say what just happened, exactly that just add just happen you know what you just said something that's. Key you know this is. Nine years straight the market's been running up in this bull market a lot of people get. Complacent a lot, of people would sit back and relax they think times are good nothing bad. Can happen and you know what this reminds me. A lot of two thousand seven a lot of people were complacent then took the crash in. Two thousand this time, right now, where, people shouldn't, be relaxing. Should be focusing on Actually, understanding how can they. Do better how can. They protect how can they focus how can they pay attention instead of just hoping. That this thing keeps going the way it's going well here's the question for the listeners do you really expect the. Market's going to continue to go up for the rest of your, life and probably not so that, means that. At some point we're going to have a correction and retracement. A pullback if you will and we think it'll be substantial when that. Happens if you're not prepared for that you're going, to turn a winner into a loser you have nine years of up. Movement because most of the four one, k. accounts and the managed IRA's they tracked the s. and p. five hundred so when we say the market's up for nine years most foreign keizer. Up. Now here's the real problem. With the four one k. industry and the manage. Money industry, is those fees that you. Pay churn up so much of the profitability over. Time with that account about fifty. Percents is the actual number and so even though. The markets up three hundred, percent since the collapse. Of two thousand eight? Most accounts are half of that or less and. So there's things that you can do we can learn the skills to self direct at account and make money regardless of direction and prepare for The correction other words when the market starts to fall you don't have to take the brunt of the loss you, can eat a profit? From the move down? Or you can at least protect and preserve against capital and that involves learning the skills of self? Directing, and self directing means managing your. Own money and the scary thing is you know Adam most people have their money under management they? Got it with. Some certified financial planner some resident vest advisor and everything has to go up for them to profit and we, all know that if they could spend a few. Hours a week even a few, hours a month mandating their own account that they. Could do much better we've seen it in practice and we've seen it with a lot of people that have no track record or knowledge of the. Market they've just learned the skill of self directing so it's becoming more prominent. And, people are looking it's amazing because I beat people all the time they say I need to take control this money because I'm not sure I'm gonna have enough to make it before I die and that's a big concern. Of baby boomers and it started to be concerned of the next generation generation x. all the, generations because your money is going to go, away if you don't know how to manage. It handled properly and there's a problem and that's where self directed becomes so prevalent and so important for People well you know a champ it's. Interesting that, you talk about self directing because, you know what the average person doesn't like what you. Said the average person is giving their money to, somebody else they're hoping that the person in the 401K. Department at work is gonna you know look out for him and have them in the best. Interest in mind and a, lotta times, that's, not the case you know people are. Account numbers people are just another dollar amount. Nobody's actually sitting down and focusing on your account you say this all the. Time nobody cares more about your money than you but yet majority of the, people had their money to a stranger to manage it and people at all levels I. Mean I had the opportunity the very unique opportunity to go to the hall of fame in canton Ohio the pro football hall of. Fame for John Maxwell event and I was. Able to meet some top level CEO's of different. Companies around the country and I met this guy. Runs a, he's a sea of a multinational company and he's concerned about his 401K said I'm worried he goes I I don't. Know what to tell my employees what to. Do with their money goes because I see a correction coming he goes on we don't know what to do and this is some guys made probably millions of dollars in his life. And he's sitting in, the market at risk and so it's not just distinct to people That have small accounts or people that are. Just day by day workers people that are trying to. Get by even wealthy people people that have tremendous success in corporate America, they don't, understand and now they're starting to get concerned because the market's at a record high they remember the collapse of two. Thousand eight, they realized that Notre. Gross to the sky that I. Have to prepare against loss and more importantly how. Do I, grow regardless of direction, and so they're starting to realize that if, I don't take control this bucket of money this this nest egg if you will I'm going to be at. The whims, of the market and people won't accept that and the reason is because it's not working the, math, doesn't work they don't have enough money to retire and, they're worried about running out and the key thing is is that if you learn the. Skills of self directing you can prevent, that from happening it's a different alternative, and is out there it's available and, don't have to be, smart, you don't have to have some sort of background in technology or some sort of analyst or charter mathematician you just. Got to be, willing to follow a system and, we've seen people that really aren't that bright have tremendous success in the markets and nothing against them and it tell. You that as them selves because they were Able to learn a system and that process is built around self directing well you got to manage your own money. Nobody's going to care about it like you do and that's why people want, to care about their money they want to self direct. A lot of people don't know how to, begin they don't, know where to get started they think just by opening up an account maybe. At their local Bank that self directed and. It's it's a step but it's not necessarily the right direction well if you think. About it where, the wealthy you put their money they? Do normally put it with a hedge fund I mean the show billions on TV and, they talk about hedge, fund managers and, the wealthy people that have two million or more traditionally let somebody who manages their. Money be a hedge fund manager which means. They can make money. Regardless of direction up as good down, as good and what it does. It allows them to get those annual returns enough to worry about market conditions imagine, if you and I could do. That on our own level in other words. What our own retirement account in an IRA. Let's say and you can do the exact same thing that hedge fund manager does but do it in. Your spare time and six to ten hours a month, that's what we're talking about utilizing things like exchange, traded funds in bond funds to produce interest rate returns, that allow us to go into the market with virtually are Capital I not at risk. We could use the interest rate returns of a. Bond fund get a leverage products to get a full. Position in the markets and. Have very little of our own capital at risk. And be able to take advantage of. Directional movement up-or-down that's available and it doesn't, take a high level of knowledge it's a, skill set that's learned over, time and I believe that most of. The, listeners could learn it if, they spent the, time and energy to, go through the process absolutely and that's why Online. Trading Academy, the sponsor bulls and bears they have a class specifically on self directing a lot of people don't know where to begin a lot of people have 401K's IRA's, they're not actively managing it, they want to manage it themselves they don't know how to get started they don't know how to control. That money and Online Trading Academy has a class specifically on self directing your. Own portfolio regardless of accounts is you can manage your money there's. A five hundred, dollar values taught right at the campus of, Online Trading, Academy with a few seats to.

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