Warren Buffett once said that as an investor, it is wise to “Be fearful when others are greedy and greedy when others are fearful.”
If you’ve been reading our emails for a while, you’ll know we’re not fans of Uncle Warren.
He’s a government crony and has been making a fortune off the taxpayers for decades (but that’s another story for another time).
Even his “famous quote” is a rip off from Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family.
Rothchild is credited with saying: “the time to buy is when there’s blood in the streets.”
Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon…200+ years before Buffett was born.
Interestingly, the original quote is believed to be “Buy when there’s blood in the streets, even if the blood is your own.“
So, why is this important in January of 2019?
Glad you asked.
The month of December 2018 was not nearly as bizarre as it seemed.
However, the miscreants of media would have you to believe otherwise. They’ve convinced the masses that the world is coming to an end for the markets and you’d be better off cashing in before you lose EVERYTHING.
Stop right there!
Let me remind you of another old Wall Street adage: “The markets move in the direction that frustrates the most investors.”
With that in mind, we caution you to remember the famous Rothchild/Buffet quotes above.
January is going to test your nerves, and tendencies to panic, with the possibility of being more volatile than December.
Are you ready to “buy when there’s blood in the streets…even if it’s your own blood?”
Read why January could be the best time to load up on some of your favorite stocks in our “…In Plain English” newsletter.
And share this with a friend, who’ll think you’re crazy.
Later on, you’ll go back to them and say…”You had the same opportunity as I did.”
HAPPY NEW YEAR!