09-SEPTEMBER 25-2021

Give Yourself A Target

Have clear intentions.  Get the picture.  See it and experience it as vividly as you can.
In doing so, you’ll have an excellent chance to hit your mark.

I played tennis with my 16-year old son the other day.  (This is a story … I don’t have a sixteen-year-old-son!)  He’s really coming along – hitting better and much more consistently.

He sure gets to the ball better than I do.  But Kevin was having some trouble with his serve.  He just wasn’t getting it in with any real consistency.

Hitting Your Mark!I offered to help.  I asked what his target was, and he replied it was the service box.

That’s too big, I said.  “Your mind can’t deal with ‘getting it in.’  It needs a more specific target.”

I asked about his pitching (he’s a talented baseball player) and asked where he aimed when he pitched.  “Do you aim for the strike zone or a place within the strike zone?”

I could see he was thinking.  I walked to the back edge of the service box and pointed to a spot about a foot inside.  I said, “Aim for this.”  To this young man’s credit, he not only accepted some coaching, but he was willing to try it.

And in spite of being tired and a bit frustrated, his service percentage went up over 300 percent from that point on.  A target – a specific target – makes all the difference in the world.

Our minds – both subconscious and conscious – need to have something to shoot for.  Vague generalities just won’t work.  We usually hit what we aim for – or at least we get a lot closer than we would have by not giving ourselves a clear target.

In the movie The Patriot, the hero played by Mel Gibson, reminds his young sons as they prepare to free their brother from the British, Aim small, miss small.”  Good advice.

Make sure you know what you’re aiming for.  It can’t be “success” unless you outline clearly what success is for you.  It can’t be excellent health unless you have a clear idea of what that looks like to you.  It can’t be wealth unless you can experience in your mind’s eye what wealth will be.

September 25, 2020

Inflatable OfficeGood morning.
The S&P 500 turned flat for 2020 this morning.  It also hit a 10 percent pullback from its most recent high.  That’s a term known as a correction, and usually occurs once or twice a year.  That’s in stark contrast to March’s selloff, which was a full-blown bear market with a 20 percent (or more) decline.  It’s doubtful markets are setting up for a major decline like that again, but after their gentle rally in July and August, this latest correction has simply taken some of the speculation out of the market and created conditions conducive to stocks heading higher in time.

Power Gold HigherNow here’s the rest of the news:

Despite gold, silver, platinum & palladium all closing down, (this week over last): There is panic throughout the Central Banks to Power Gold Higher!  Due to sovereign debt spiraling out of control and currencies plummeting to new lows, Egon von Greyerz makes the case for precious metals to soar to new highs.

September 25, 2019
Diversification vs Focus

Good Morning Barry!  ‘The Bear’ asked me for some stock market advice … I hesitate answering directly, however… the words of Mark Cuban, the tech billionaire, owner of the Dallas Mavericks, and star of “Shark Tank.” came to mind.

“Diversification is for idiots.”

Strong words?  To be sure.  But I agree with him.  And here’s why…

Even though the Wall Street Journal, your stock broker, and even your brother-in-law preach “diversification” as the best way to get rich in the stock market…

History shows it just ain’t so.

The world’s greatest fortunes have always been built by investors who were willing to focus their attention on a handful of stocks — or even a single stock.

Gates.  Bezos.  Zuckerberg.  Walton.  Rockefeller.  Carnegie.  They all got rich through intelligent concentration  not mindless diversification.

Hope that advice will come in handy Y’all…  😉

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