China trade war
Piggy backing off of Chucks discussion
Lots of cash still sitting on the sidelines
Time to get back to the basics!
buy and sell discipline
Am i on track for the financial future I want and are my investments doing the best they can
Being a long term investor in businesses allows us to buy companies on sale
Talking about the R's
Renters, risk, reliable and return benchmarks
portfolio holdings vs renters
Wallstreet prefers renters for more profit. more expensive to rent than to own
price swings vs risk
volatility creates the opportunity to invest in businesses on sale
predictions vs reliable
wall street wants to keep you worried and paying attention to the ups and downs of the market
return benchmarks vs asset allocation
the benchmark should be am i on track to have the future i want
How much money should you be saving? what is your risk tolerance
Owners, opportunistic, own terms
The 4 O’s:
View being an investor as being an owner
When there is volatility; the investor views that as opportunity
Onerous;
Own terms: investors view their performance for their won terms they eliminate the need to compare
May 22, 2019