Online Trading Academy, JAY, IRA discussed on Online Trading Academy
Coach of Online Trading 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 I'm 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 invest if you understand how 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 exact that's just add 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, are complacent, then that 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 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 at some point we're going to have a correction and retracement pull Back 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 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 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 them 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 advisor 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 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 of the next generation generation x. all the generations because your money is going to go away if you don't know how to 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 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 given their money to somebody else they're hoping that the person in the 4._0._1._k. 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 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 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, Notre gross to the, sky That, I have to prepare against loss 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 it's 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 of 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 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, 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 is 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 and 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 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 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 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.