I hope you all had a wonderful 4th of July with family and friends!
As I was making preparations for my Independence Day spread, I was inspired by a slight mishap I had in the kitchen. And so, I decided to take a stroll into my backyard and use the small creek that runs through it to demonstrate what I feel is the most important aspect of trading and investing…
Having the right mindset.
The psychological side of investing is so very crucial. We could have the best technical strategy ever devised, but without the right mindset for overcoming obstacles, beating our biases, and all the other issues that come with striving to achieve our goals, it could all fall apart.
That is exactly why every week I host the “Millionaire Mindset Podcast” for 10-Minute Millionaire Insider subscribers. We discuss some of the most important ways to have the optimal mindset to put us in position to achieve the financial success we’re striving for. Check out my video below where I explain in greater detail, and if you’d like to learn more about the benefits of being an Insider, please click here.
Today, I’m going to mix things up a bit and bring you a mid-week market update because I want you to be prepared for the some of the biggest market moving events that are set to occur this weekend.
As you’ve likely heard the biggest affair this upcoming weekend is the G20 Summit in Osaka, Japan. The summit will host a series of economic meetings between some of the world’s largest economies – including the long-awaited meeting between President’s Trump and Xi as they attempt to settle the trade war that has been raging for the last several months.
I’ll be going over what I see as three of the most likely outcomes of the meetings, and what they mean for the market.
We’ll also take a look at another asset class that investors have been flocking to amid all of the volatility in stocks…
In an article earlier this month, I explained how the stock market hates a parabola (large, sharp movements on a chart). I gave an example of how stocks can come crashing back down to Earth if they fly too high, too fast – like Beyond Meat (BYND) did recently after its IPO.
I believe the same is true of the most recent rise in Bitcoin prices, and I’ll show you exactly why I feel now is the wrong time to add Bitcoin to your portfolio.
Click here to watch…