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- Bleeding Friday:
Bleeding Friday:
Today was a market wide decline; Did you expect it?
Hey active investors,
Today’s market decline was harder than I expected but it did continue what the week setup. This could continue but the next tradable move in my opinion is up.
“ A majority of life’s errors are caused by forgetting what one is really trying to do.” -Charlie Munger
What does that quote by one the world’s most successful investors ever mean to you?
What Blueprint are you following?
The market is full of money making opportunities which is why it is vital to know your plan because without a plan you will be in constant stress and your money will go up and down with the tides of market change.
I am sure you know that investing is best when approached long term but not all buying is created equal.
Everyone assumes that long term investors all buy vaule add companies and hold them until they die.
Warren Buffett himself has changed his investment blueprint several times over the years. As his money grew he had to evolve his discipline, mindset, and market understanding.
When Buffett started, his cigar bud stratedgy was extremely profitable, and it still is, but moving millions in and out of small companies is easier than billions.
Now Buffett has so much dough he moves the market to such a degree that they have to inform the SEC of buying intentions before they buy public traded companies. This is why they have recently been buying up private companies under the Berkshire umbrella.
I myself have an investor friend who sold a company to Buffett.
My point here is you have to be willing to find a way to buy stocks that fits your money now and a window of holding that fits your future goals now.
Then always be working to grow yourself and your market understanding so that as your money grows you can adapt your blueprint to build a bigger “money mansion”!
Right now my long holding period is 3-7 years but when I started I bought stock for a few months of upward movement. I also still do that buying and selling stocks in a seperate account to continue to grow my money at the heaviest rate possible.
Every account I have has a different plan; typed up and set before every month begins and I follow the plan with as strong a discipline as I can.
This is why I am so serious about what information and education I let into my mind. The biggest thing that can derail my progress as well as your’s is to be confused by conflicting plans that are providing success.
Pick a blueprint, insure that it is providing success now, then work the plan with disicipline until it begins to bear fruit.
Then put the blinders on and get to work!
I believe in you and I know the markets create millionaries every year. The only thing standing in the way for where you want to be is your personal growth and time on task.
Tomorrow is a new day not based upon what happened today, but rather your mindset when you wake up. Just do what you can in one day to get you closer to your goal.
Notice I didn’t say goals…because you can only focus on one goal at a time.
I want to here from you, I have a simple form for you to let me know what your questions are about the stock market and building a stock market income.
Click this line here for the form
Or the button below
The goal here is for you to learn the edge that you need to begin building your families financial generational wealth change!
Your Friend in Success,
Robert M Morris
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