Fund Manager, IRA, Online Trading Academy discussed on Online Trading Academy

Automatic TRANSCRIPT

Academy a friend of, mine a, mentor, mind 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 lots of 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 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 look like even Jason what just happened exactly that's 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 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 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 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 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 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 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 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've got it with some certified financial, planner invested adviser and everything has to for them. To 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 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 it handled, properly and there's a problem and that's where. Self directed become 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 look out for and have, them in the best interests 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, 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 Of different companies around. The, country I met this guy runs a he's a sea of multinational company and he's concerned about his former case 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 guy'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 not grow 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, 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 system and we've seen people that really. Aren't that bright, have tremendous success in the markets, and nothing against them and tell you that of 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 gonna 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 the wealthy you put their money they do normally put it with a hedge fund, I mean there's this, 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 could 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 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 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 Typically 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 seeds. To give away we're gonna. Take callers right now ten to twenty pick up the phone and call eight four four five one trade that's eight four four five one trade, for callers ten. To twenty to get a five, hundred dollar class on self, directing your portfolio from Online Trading Academy if you're new the markets or if you've been in the markets.

Coming up next