10-OCTOBER 16-2020

                                                                                           Good morning.
Adjust Interest RatesStocks declined for a third day in a row yesterday.  The culprits?  More of the same.  The market likes hearing about stimulus, and those talks were delayed again.  And yesterday’s unemployment numbers show that job losses continue to mount across companies large and small.
Typically, bad news has become good news again.  That’s because poor economic news makes for a case for more stimulus.  But until there’s clarity on that issue, trades can continue to expect a wild ride.  But, to be fair, we were warned about the pre-election volatility in markets.

Now here’s the rest of the news:

The Metals Are Finally Ready For Take-Off
Here’s three reasons why:

  • “With the Trump and Biden agendas estimated to cost between $5.0 trillion and 5.6 trillion over the next decade, both would provide substantial tailwinds for the long gold trade.”
  • “As the government keeps printing more money, the value of each dollar decreases, and gold is bound to rise.”
  • “After nearly 3 weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already setup another breakout/rally attempt.”

October 16, 2019

Criticisms and Advice Can Work!

Edgey Yet CreativeEncountering an experience when someone told you how fat (or thin) you’ve become, probably was not good!

There are times when you need to criticize people to help improve a certain aspect of their lives, but you don’t like to hurt their feelings or ego.  So what can we do in these situations?  Look no further.

How to handle and give criticism in the most positive light.

Honest feedback from others (even if they don’t intend to criticize), as well as dismiss any advice you won’t be following without hurting their feelings … is a skill that can be learnt … and therefore can be taught.  You can never satisfy everyone in this world, which is why you have to know how to handle harsh words and offensive remarks.  Here’s how…

Criticism & Advice

  1. Clarify the details.  Because critics have the tendency to inflate the situation, ask them for quantifiable proof.  Before asking your question, it would help to say, “I don’t understand.  What is it about my report that was offensive?”  By asking this way, you will know the exact reason for their criticism, and you’ll have a chance to give them the complete facts and evidence to support your case.
  2. Reframe the criticism.  Instead of treating the criticism as a nasty insult, consider it as honest feedback to help you improve yourself.  When your boss tells you that your report still needs to be better, listen to everything he has to say.  By doing this, you’ll be able to replace your anger or frustration with gratitude.  This puts you in the right frame of mind.
  3. Use fogging.  When someone says that you’re a slow learner, is that true or false?  To whom are you being compared?  Your clothes look deployable!  “You have a point, you know.  I may sometimes be so thrifty I have to buy the lowest quality outfit.”  Through fogging, you accept the criticism in as far as whatever may be true in it (as stated by the critic).  This is an effective way to handle criticism without being defensive.
  4. Apply negative assertion.  What if the criticism is absolutely true?  Then you must willingly accept the criticism, but you don’t have to take the guilt trip.  Here’s how a son used negative assertion in his conversation with his father: Dad:  Son, I saw your report card and I am very much disappointed with your grades.  Son:  You’re right, Dad.  I should do something to improve my grades.  Dad:  Well, you should!  I think you’re spending so much time on extracurricular activities that you’re sacrificing your studies.  Why not focus on just your studies?  Son:  These activities do take up so much of my time, don’t they, Dad?  I will manage my time and learn to prioritize.  If needed, I’ll forgo some of my extracurricular activities.
  5. Reverse the roles.  Sometimes, people just blame you for circumstance beyond your control.  If they’re in your position, they won’t be able to resolve the problem too but they blame you anyway.  To make them understand what you’re going through, ask something like, “If you’re in my position, what would you do and how would you feel?”  By doing this, they will at least realize how their words are affecting you.
  6. Counter the criticism.  It’s important to use a proper rebuttal when you hear words of discouragement or disagreement.  Critic:  You’re too untalented to join the speech contest.  You:  If I join, I either win or lose.  But I lose 100% if I don’t at least try.  And I wouldn’t want to spend the rest of my life thinking “What if…”
  7. Immunize against the criticism.  “Son, you’re going to meet other kids who might tell you that they are better or smarter than you.  Just ignore them because what they are saying is wrong.  Some kids are so insecure they’ll discourage you from doing your best!”

To build happy relationships, we must be able to handle and give criticism — as well as advice — in the most positive light.

I hope this helped … forward with confidence!  😉

IMG_0712
Come From Aways, Do You?

More Posts

07-JULY 29-2021

Good morning. Yesterday saw the latest Fed meeting.  As expected, the Fed had some nice things to say about how the economy was doing, and why all those rising prices and shrinking portion sizes at the grocery store were temporary.  But when it came to, say, pulling back on the billions of dollars per day of bond buying, the central bank once again punted on the issue, saying they were looking into it. This is a replay of its model from the last crisis.  Yes, the Fed will eventually scale back its bond buying, possibly even to zero.  And it

07-JULY 28-2021

Good morning. Last week saw the stock market dive on rising Delta variants to Covid 19.  Yesterday saw a big drop, particularly for tech.  The reason?  A crackdown by China over a number of companies there. These drops are usually healthy, as they help curb speculation and keep traders on their toes, either by quickly turning profits into losses, or by creating new trading opportunities at a better value.  This summer’s market is starting to look like the summers in the mid-1990s when tech stocks would correct going into the autumn, only to end the year higher.  In the meantime,

07-JULY 27-2021

Good morning. Trading is fun and exciting, and being able to leverage small short-term moves into big profits makes for a fun and profitable hobby, even with the occasional big loss to talk about.  But some of the best returns can come from taking a long-term position in a multi-year trend. In a special edition of Trading Tips today, we’ll be looking more in-depth at what’s set to be the biggest trend of the decade.  It’s potentially a $30 trillion market, far bigger than 5G, the Internet of Things, all the meme stocks combined, and even cryptocurrencies.  It’s changing the

07-JULY 26-2021

Good morning. As much as Wall Street loves rumors, Washington DC is the major league.  The latest rumors are that Federal Reserve Chairman Jerome Powell might not be nominated for a second term to lead the Fed.  While his tenure has been little different than his prior two predecessors given the crises he’s had to deal with, some progressives don’t think the Fed chair has done enough on income inequality and other matters. That could lead the White House to find a more radical leader for the central bank, potentially even one willing to embrace the latest economic theories such

07-JULY 25-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Naturally beautiful: Waves Crash Across the Rocky Shore. … I’ll watch awhile!. July 25, 2020 David Newman suggests YOU Grow Your Business with a Book! One of the fastest ways to grow your business (especially now) is with a book that positions you as an expert. Why? Because as opposed to webinars or events a book gives your prospect instant gratification.  They are able to download it and consume it the exact moment they see it. So

07-JULY 24-2021

Letting Go Of Guilt “Guilt can stop us from taking healthy care of ourselves.” –Melody Beattie Guilt is like a rock.  It sits in the pit of our stomachs and can weigh down our every thought, behavior, and action.  It can distract us all throughout the day and keep us awake at night.  Our muscles work overtime just to carry it around, and yet we still hold onto it. It’s imperative that we stop feeling so guilty. That’s not to say that you shouldn’t feel guilt.  True guilt is a loving instrument from Spiritual Guidance used to convict, correct, and confirm your

07-JULY 23-2021

Good morning. Technology companies need to constantly innovate.  That results in a high amount of money being spent on research and development, which in turn helps keep a company’s taxes lower than a company that makes the same product year-in, year-out. So it’s no surprise that regulators are always on the lookout for ways to try and get more taxes out of these massive firms that often have little to no earnings.  One proposal is being floated for a new generation of technology: a space tax.  Or, more specifically, a per-passenger tax on space flights like the ones just completed

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message