We’re back at it with finance!
Freedom Fact 1
“Have you ever listened to the pundits on CNBC or MSNBC talking about the stock market? Isn’t it amazing how dramatic they can make it sound? They love talking about volatility and turmoil because fear draws you into their programming.”
Excerpt From: Tony Robbins. “Unshakeable.” iBooks.
OH! The nail on the head! Of course! We call these people “fear mongers.” All news anchors and outlets are the bottom of the barrel. They’re the bain of all human existence. This could be the Trump-North Korean war, or the fear of global warming, rising sea levels, and volcanic eruptions. It draws silly ass people into their programs who end up pumping out that negativity to the rest of the world.
Yes, this is a bit off track, but it is the truth.
How about that foolish ass anchor (forgot his name) who kept saying, “Tesla is a cold stock!” He was so anti-tesla, as so many other people were, but they all ended up eating their words.
How about Warren Buffet and the other supposed “billionaires” who berate bitcoin and other crypto because they don’t know what technology is?
The upcoming stock market crashes and what’s “happening” in the world is to draw your attention. That’s all!
“Instead of getting distracted by all this noise, it helps to focus on a few key facts that truly matter. For example, on average, there’s been a market correction every year since 1900. When I first heard this, I was floored. Just think about it: if you’re 50 years old today and have a life expectancy of 85, you can expect to live through another 35 corrections. To put it another way, you’ll experience the same number of corrections as birthdays!
Why does this matter? Because it shows you that corrections are just a routine part of the game. Instead of living in fear of them, you and I have to accept them as regular occurrences—like spring, summer, fall, and winter. And you know what else? Historically, the average correction has lasted only 54 days—less than two months! In other words, most corrections are over almost before you know it. Not that scary, right?”
“Still, when you’re in the midst of a correction, you might find yourself becoming emotional and wanting to sell because you’re anxious to avert the possibility of more pain. You’re certainly not alone. These widespread emotions create a crisis mentality. But it’s important to note that, in the average correction over the last 100 years, the market has fallen only 13.5%. From 1980 through the end of 2015, the average drop was 14.2%.
It can feel pretty uncomfortable when your assets are taking that kind of a hit—and the uncertainty leads many people to make big mistakes. But here’s what you have to remember: if you hold tight, it’s highly likely that the storm will soon pass.”
Freedom Fact 2: Less Than 20% of All Corrections Turn Into a Bear Market
“When the market starts tumbling—especially when it’s down more than 10%—many people hit their pain threshold and start to sell because they’re scared that this drop could turn into a death spiral. Aren’t they just being sensible and prudent? Actually, not so much. It turns out that fewer than one in five corrections escalate to the point where they become a bear market. To put it another way, 80% of corrections don’t turn into bear markets.
If you panic and move into cash during a correction, you may well be doing so right before the market rebounds. Once you understand that the vast majority of corrections aren’t that bad, it’s easier to keep calm and resist the temptation to hit the eject button at the first sign of turbulence.”
Story of Refugee
I was sitting comfortably on the BTS skytrain in the heart of Bangkok, waiting for my stop to come so I can go about my day. I looked up and I saw a lady walk past me with a smile on her face. Opposite of me was an entire row of empty seats, but she decided to sit next to me. I said, “oh boy. Here we go! Arsenio, you attracted another one!” She then started speaking to me, and of course, she asked me for food and money.
Her story was that she was laid off as a teacher while working as a refugee and her children are in school. Sounds like a fabricated story, right? If you’re an undocumented refugee, there’s no way you can get into the country. On top of that, your “children” are also undocumented. So, how are they at school? Why are you on public transportation asking for money? One being because that’s dangerous for you — given the fact that immigration can ultimately find you and throw you in immigration jail for the rest of your life (and that’s all seriousness because that’s what they do in Thailand).
You mean to tell me your system is so broken that you have been reduced to begging for money on trains? In all realness, it looks like she was eating quite well. Refugees are often emaciated. She seemed perfectly fine….so which brings to me that not only she’s a scammer, but she’s lost her will to survive and be the lioness for her children.
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