Now, we did have a big hiccup here.

One of them is China. China has huge protests going on right now with the lockdowns. Honestly, there are two bad options for China. One, they double down on Zero COVID policy. This could get really bad where they're arresting citizens, they're using force, and they’re locking everybody up. Or China can do the opposite, just let everything go and end the “Zero COVID policy” and allow people to just freely roam around.

The reason why this is a big deal is, number one, it brings uncertainty, and every time you have uncertainty, you see dips in the market. The second thing is the outcomes are bad. Let's say they just open up and end the “Zero tolerance” policy. Probably China’s hospital systems would get overrun. China has been doing media control saying, "People are getting vaccinated. It's getting better," but overall they're not prepared for this. They're not like all the other countries that opened up allowing everyone to get infected with a milder version of Covid. This Chinese Covid situation is becoming a black swan event. We don't know exactly what's going to happen, but let's say they do open up, that could end up being a very pandemic-like situation for their stock market and that's going to impact the rest of the world.

Comments

First of all is the Fed.

Every week we talk about inflation calming down. This week there is a hint that maybe December’s interest hike might only be a 50 basis point move as opposed to the expected 75 basis point move. This is why you’ll hear markets “cheer, everything is still going up. They're seeing an end in sight to these interest hikes. This is important because if one can reasonably assume the interest rate peak is going to be in February, then they can start deploying their funds accordingly.

This is the one — and ONLY — rule of wealth generation

Rule #1: You must know the difference between an asset and a liability. Then buy or create assets. If you want to be rich, this is all you need to know. This is rule #1, it is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. An asset puts money IN your pocket. A liability takes money OUT of your pocket. Here’s a question for you… Is the home in which you live an asset or a liability? In my view, your house is a liability. Even if you own the property with no mortgage, you still pay property taxes, utilities, insurance, maintenance, etc. Therefore: money is being taken out of your pocket. Once you understand this simple rule… all you have to do is follow it to gain wealth. To your wealth building, Albert X Ariho

Are you passing on this?

How bad do you want your financial freedom? I sent you a crypto newsletter because I want you to be rich and escape the rat race. However, it seems that there might be a few things stopping you. I wanted to take a minute to talk about the two of them... 1. Money blocks. Most people think that money is the root of all evil (personally, that’s how losers think). But the reality is it’s the root of all goodness. Wealth is what will give you the means to lift yourself up and help those around you. As my Rich Dad said, “Money may not be the most important thing in life, but it affects everything that is.” 2. Patience and discipline. Most people give up before even starting (again, the mark of a loser). But achieving financial freedom is not an event… it’s a process. And it will only happen if you take the first step… and then the step after that. In short - there’s no way to really avoid the pain or the scary parts. Inevitably, you’ll have to choose between two pains: The p

Thriving Maestro's Paradise

Search This Blog