Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

30 years ago today…

 

30 years ago today…

Courtesy of 

So here’s my take on Black Monday, which happened today in 1987…

Markets crash. It’s a feature. It shouldn’t happen often, but it will happen once in a very long while. It’s not predictable in advance and there are only some types of crashes you can prepare for with an investment strategy. Other types of crashes will catch you by surprise and impact your portfolio no matter what you do.

You need to spend more of your time steeling yourself for this possibility than you spend on a Grail Quest for a magical strategy that will completely protect you. Because that doesn’t exist. The more protection you add to a strategy, the less potential upside you will be able to gain. There are tradeoffs, always. In the case of 1987, it was the method of protection itself that blew everyone up.

Anyway, I’ll send you over to the only article you need to read today, from Professor Bob Shiller, whose life’s work is studying investor behavior and market extremes. He even won a Nobel Prize…

A Stock Market Panic Like 1987 Could Happen Again (New York Times)


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!