Online Trading Academy, Facebook, Fund Manager discussed on Let's Talk Pets


Mine a mentor mind senior coach Steve, Champa what's going on Jim yeah it's the weekend man good to see you good a CJ haired studio loss to talk about markets? Moving. Allot 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 gonna talk a. Little bit about self directing and. Protected against downside loss capital preservation talking about selling. Short making money on the, downside today lots to cover good, market environment, right now to be a trader 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 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 I 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 that took the crash in two thousand this 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 waste 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 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 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 percent 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 you 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 Invested adviser 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 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 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 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. 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 talk about self directed, 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. Four one k. department at work is gonna you know look out for him and have them. In the best interests in, mind and, a, lotta times that's not the case people. Are account numbers people are just another dollar 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 that 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 former case that 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 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 it's out. There it's available you don't have to, be smart you don't have to have, some sort of background technology or some sort of analyst or charged, or 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 they tell you that themselves because they were able to learn 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 widow 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 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 advantage. Of directional movement up or down that's available, and it doesn't take a high level knowledge, it's a skill set that's, learned over time and I believe that Most lists, could learn 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 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 class specifically on self directing. Your own portfolio regardless of accounts is you can manage your own. 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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