12/27/2022 Why the cold weather is bad for the power grid
Oh yes, the old Christmas song, “Baby, it’s cold outside,” and what was it? Why was this the case, and why, once again, could our power grid barely handle it? People were told to turn down the thermostat, avoid using large appliances, and prepare for rolling blackouts throughout the Carolinas. Let me ask you a question: “What if the 100,000 Americans who took to the roads over the holidays were driving electric vehicles?”
You can’t even fathom it; it would be a tragedy of monumental proportions. Many people have already died. It would have cost a lot more than that. No one would have been able to charge. Grids would have been brought down. Again, all the green dreams are out there, but you know you’re putting the cart before the horse.
12/28/2022 Why embrace the suck when it comes to managing your portfolio
Please, everyone, pay attention. I’ve talked about it in my podcasts, radio shows, and “money minutes.” I’ve already written about it. It makes me feel like I’m back in high school. The phrase is “Embrace the suck.” I remember that when I was in high school, our football coach told us that it was 95 degrees outside, that we were hitting all day, that it was double sessions, and that we had to embrace the suck if we wanted to be successful.
The same is true when it comes to managing your portfolio. Actually, you should try to think about it differently. Don’t think of it as suck. Consider it an enormous opportunity. Examine each bear market session in detail. The market sells off. That’s where the real money is made, no matter what it is. You should take advantage of it.
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12/29/2022 Why you should not trade volatility
There is a lot of volatility out there, and volatility is great for algorithmic traders. It’s beneficial for a large number of firms out there. The kind of trading revenue they can earn. Why? Where did this come from? Again, these enormous corporations and algorithmic traders rely on you, the individual investor, to make poor financial judgments, as is common among investors. When discount trading houses were established in the 1990s, it was thought that this would be devastating for Wall Street. Wrong! They liked being able to take advantage of more people. Don’t do foolish things. Do not try to trade the current market conditions. Own quality.