IRA, JAY, Fund Manager discussed on Online Trading Academy
Mine 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. Talk about markets moving allot we just officially broke the record for the, longest bull market in history and the s. and p. five hundred Nine years up we'll concern about that gonna talk a? Little bit about self? Directing and protected against? Downside loss capital preservation what 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 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's 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 is the time right now where. People shouldn't be relaxing they, 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 and here's the question for the listeners do you really expect the markets Gonna 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 pullback if you will and we think it'll be. Substantial when that happens if you're not prepared for, that you're gonna turn a winner into a loser you have nine years of 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 up half of that. Or less and so there's things you can do we can learn the. Skills to self direct at account and make money regardless of. Direction and prepare for the correction otherwise 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 invested visor and everything has to go up for them to prophet 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 markets 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 while 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 that 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 to 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 markets that are record high, they remember the collapse of two thousand eight they realized that not gross to the sky that I have to prepare. Against loss, and more portly 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. Out there it's available and you 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 is themselves 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 chip 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 to the wealthy you put their money they do normally put it with, a hedge fund I, mean there's a, 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 hedge fund manager which means they, can make money regardless of direction. Up as good down as good and what it does is it allows them to, get those annual returns and not. Have 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 IRA's 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 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 it Vange 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 four one ks, IRA's they're not, actively managing it they want to manage themselves they don't know how to get started. They don't know how to control that money and Online Trading Academy as 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.