IRA, Campus Of Online Trading Academy, Facebook discussed on KNX Programming

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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 j. 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 I'm? Going to 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 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 Jason there's what just happened exact that's. Just add just happen you know. What you just said something that's key, you. Know this is nine years straight the markets 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 a 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 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. 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 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 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 in the scary thing is you know Adam most people, have their money under management they got it with some certified financial planner. Some invested visor and everything has to go up for them the prophet and we all know that if, they could spend a few hours a week even. A few hours a month managing, their own account that they can 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 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 time they say I need to take control this money because I'm not sure I'm going to 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 handle it properly. And there's a problem and that's where self directed becomes so prevalent and so important for people while you know a. Champions interesting, that you're talking 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 Have them in the best, interests in, mind, and a lot of 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 count you say this all the time nobody cares more about your money, than you but yet majority of, the people hand 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 I met this guy runs a he's a sea of a multinational company and he's concerned about his former case. It I'm worried he goes I don't know. What to tell my employees what to do with their money goes because I see a correction coming he goes and we don't know what to do and this is some, guy who's 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 grows 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 it's 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 or mathematician you just got to be willing to follow a system and we've seen people. That really out that bright have tremendous success in. The markets and nothing against them and they tell you that themselves because they were able to learn a system in that. Process is built around self directing well you got to manage your own money nobody's gonna care about it like you. Do and that's why people want to care about their. Money they want to sell 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 directing and it's. It's a step, but it's not necessarily the right direction? Well if you think about it with 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 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 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 let's say and. You can do the exact same thing that hedge fund. Manager does but do it in your spare time, in six at ten dollars 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 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 line 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, 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 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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