Good Morning.
You would think the market is efficient and has ample liquidity to price stocks and other markets efficiently.
Then an event comes along that wakes you up to how fragile if things are right now.  Just before yesterday’s close as huge buy order emerged in the S&P 500 Emini futures.  This caused the price to rally quickly and sud-denly.  We have seen this type of price action happen a couple times in the past couple months, but it doesn’t leave you walking away with a feeling of confi-dence.

Now here’s the rest of the news:

Be Warned: The Next Phase of the Collapse Just Started... as the online e-tail revolution led by Amazon.com (NSDQ: AMZN) continues-to-drive many more small and inefficient merchants out of business.  Others are still scrambling to remain alive while furiously retooling their merchandising strategies to adapt to new trends in consumer spending.  While some stores closed overnight; other online operations buckled w/ supply chain cracks... breaks... and complete chaos & confusion!  This however, was ONLY PART OF the real warning...
It is only a matter of time before banks and financial institutions face a severe liquidity crisis and possible insolvency.  "Will it be your money to rescue them?"  Yes, you'll bear the burden of the debt bubble.  A second wave of the Covid-19 deaths are expected to reach 240,000... doesn't sound very optimistic, does it?  Prepare for the worst... but praying for better.  Please, God Help Us.

June 03, 2019

Are You a "Taker" or a "Maker"?

Monday-Quotes-Main-Picture-WhatsAppHere's Today's Tip ... Mindset.

Want to know the secret behind great achievers?  It comes down to mindset.  For Benjamin Barber, an eminent sociologist, once said, “l don’t divide the world into the weak and the strong, or the successes and the failures... I divide the world into the learners and non-learners.”

And while there are different ways to categorize mindsets (e.g., fixed vs. growth), when it comes to leading a life of significance, we like to think there are two kinds of people: Takers and Makers:

    • Takers are those who take, grab, and consume what they can to meet their own needs.
      Takers operate with a scarcity mindset.
    • Makers are those who give and make things happen.  Makers cause progress and foster success in others.
      Makers envelop an abundance mindset.

In his classic book The 7 Habits of Highly Effective, Steven Covey explains the concepts of abundance and scarcity beautifully:

People with a Scarcity Mentality have a very difficult time sharing recognition and credit, power or profit — even with those who help in the production.  They also have a hard time being genuinely happy for the success of other people.

The Abundance Mentality, on the other hand, flows out of a deep inner sense of personal worth or security.  It is the paradigm that there is plenty out there and enough to spare for everybody.  It results in the sharing of prestige, recognition, profits, and decision-making.  It opens possibilities, option, alternatives, and creativity.

The good news is that if you find yourself deeply rooted in a Scarcity Mentality (which most people are), you can make a “paradigm shift” to an Abundance Mentality by changing your thoughts and mindset:

Scarcity Paradigm

    1. Defense
    2. Escape loss
    3. Safety
    4. Maintain
    5. Fear
    6. Tight
    7. Gifts are contained
    8. Reactive
    9. Paralyzed
    10. Narrow/closed
    11. Stagnation
    12. Win-lose

Abundance Paradigm

    1. Offense
    2. Pursue the vision
    3. Risk
    4. Create
    5. Faith
    6. Generous
    7. Gifts are released
    8. Proactive
    9. Dynamic
    10. Wide/open
    11. Multiplication
    12. Win-win

So, when reading over these points ... I feel it's very hard to do a complete 180 ... but maybe instead try to shift slowly or say to yourself, "I can be better in this area" ... finding one maybe two things where you can "shift" to the other Paradigm.

To a Better You,