Are you feeling “wealthy?”
Economists usually rely on the confidence of consumers to accurately forecast the continued trend of their spending. If consumers feel confident regarding their prospects of employment and the growth of their investments, it is assumed they will continue to spend freely on their purchases, expecting this trend to remain intact. This is generally known as the “wealth effect.”
Any intelligent investor, however, will take a closer look at this phenomenon to determine how they can profit from such information.
With winter beginning in many parts of the Northern Hemisphere, we are reminded of the cyclical nature of life. Yes, trends persist, but eventually they do come to an end. The astute investor is continually trying to determine the “season” of his investments so that profits can be taken at the appropriate time.
The bearish stock and real estate market this past year has been painful for many buy and hold players. Some, however, have learned how to use strategies that have earned them a fortune this year.
Check out Don Miller who is on track to earn well over 1 million dollars this year by focusing on the emin sp. Not bad for a work at home job.
Savvy investors know the rhythm and extremes of the seasons and realize that buying fear and selling greed is usually a more profitable approach to long term investing success.
These are some of the topics we constantly explore at wizardZofwealth.com. Why not take a look and see if our ideas can help you create your own wealthy lifestyle?
Season’s Greetings to all!
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