Sep 1, 2022
Thanks to higher-than-usual
levels of inflation, we’re seeing mass panic and fear - and where
there’s panic, bad financial decisions are sure to follow.
There are a lot of
people trying to buy up as much as they can while their dollars are
worth more. Unfortunately, these people are due for a world of hurt
by making long-term decisions in a bid to solve a short-term,
cyclical problem.
Should you be
conforming to what everyone’s doing right now? What’s the smart way
to prepare for the coming financial downturn?
In this episode, I talk
about why it’s more important than ever not to fall into the trap
of irrationality so many people are in right now.
Three Things You’ll Learn In This Episode
The importance of paying attention to the
macro
How do we use
history to get a better perspective on the inflation rates people
are panicking about?
Why the summer of revenge will end in
tears
What do we
miss out on if we conform to everyone else trying to buy as much as
possible right now?
How to protect your wealth
What’s the worst place to be when the Fed
inevitably tanks the stock market?
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