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MJ DeMarco
I followed the science; all I found was money.
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FACT: All these statistical data points all have one thing in common. DECADES. 30 years, 40 years, sorry ... but I just don't have 30 or 40 years to risk. Kinda would suck to find out you put faith in this data to only find out that after 40 years, the data didn't pan out like it was suppose too .... millions of people now wake to this reality. They bought into "facts" like these and now see themselves with obliterated net worth's and a return to work.
The tried-and-true formula isn't tried-and-true at all. Buy and hold is dead. I'm still waiting to find that 22 year old guy who got rich investing in mutual funds ... waiting .... waiting .... ..... I hear crickets chirping. Fact is, mutual funds don't make you rich, they can keep you rich and can grow your net worth slowly if vested at the right times -- the 22 year old didn't get rich investing in mutual funds, but by selling them, offering them, and then taking his management fee.
In the Fastlane, the markets are used to create income. In the Slowlane, the markets are used to create wealth. Unfortunately, the latter (according to the data) always circles back to elderly time horizons (30,40,50 years). Sorry, but this road to wealth isn't getting 40 years of my life put on the pass line.
As for the current state of the markets, is this market an opportunity? Hell yes!! A traders dream. Just look at the Misery Portfolio ... 160% return in just a few months. I don't invest in the markets to create wealth, I invest/trade in the markets to create income. The wealth? I leave the heavy lifting to my business, something that is capable of going faster than 10 mph.
The tried-and-true formula isn't tried-and-true at all. Buy and hold is dead. I'm still waiting to find that 22 year old guy who got rich investing in mutual funds ... waiting .... waiting .... ..... I hear crickets chirping. Fact is, mutual funds don't make you rich, they can keep you rich and can grow your net worth slowly if vested at the right times -- the 22 year old didn't get rich investing in mutual funds, but by selling them, offering them, and then taking his management fee.
In the Fastlane, the markets are used to create income. In the Slowlane, the markets are used to create wealth. Unfortunately, the latter (according to the data) always circles back to elderly time horizons (30,40,50 years). Sorry, but this road to wealth isn't getting 40 years of my life put on the pass line.
As for the current state of the markets, is this market an opportunity? Hell yes!! A traders dream. Just look at the Misery Portfolio ... 160% return in just a few months. I don't invest in the markets to create wealth, I invest/trade in the markets to create income. The wealth? I leave the heavy lifting to my business, something that is capable of going faster than 10 mph.
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