Mainstream financial advisers have one mantra, “buy and hold.” In the latest video, I challenge that advice. Why not profit when the market goes up, AND when it goes down? Check it out and be sure to give me your opinions and comments!
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Dean, you’re absolutely right. Financial advisers’ main goal is to keep your money since their paycheck is based upon the amount they have to manage. Second, they don’t have a clue of when to buy or sell. Therefore, their
advice : ”Buy and hold”. As for the market, you’re also right. We’re at the beginning of a good pullback based on the Elliott waves and record optimism (The Daily Sentiment Index (DSI) has never been so high in January)and contrary to Wall Street saying the economy is fine so keep buying stocks !!!! Soon, they will start to panick and sell when the market will be ripe to reverse on the upside…This is crowd psychology which will never change…