Podcast

2 Wealth Traps Disguised As Investment Opportunities (and How to Avoid Them)

By July 16, 2020October 6th, 2020No Comments

On the surface, it appears that the market has bounced back, and that it’s safe to start investing again. But underneath this current of speculation, fake optimism and manipulation, there is a looming market low.

People are pouring money back into the market, thinking it’s going to continue its upward trend, but that’s definitely not where things are heading.

A market high that’s based on speculation, greed, fake news and hope will not hold, and investing in it is walking straight into a trap.

The economy is still in a shaky place, job losses and bankruptcies are still prevalent, and we’re not out of the woods yet. Anyone speculating otherwise is in for a rude awakening.

How do we read into today’s market so that we protect our wealth? What investments are actually traps that we need to avoid? What should we do with our money instead? In this episode, I talk about the perilous financial traps that have come out of this current covid market.

Watch the Full Episode:

If you don’t know what you’re doing, and you don’t know how to trade in these crazy markets, it’s a trap. – Chris Naugle

Three Things You’ll Learn In This Episode

  • The economy is not as strong as it appears, what we’re seeing now are market highs fuelled by the fumes of speculation and greed, and not facts. Inevitably, this positivity bubble will burst.

  • If you lose your investment right now, you’re losing a lot more than you think. If you lose 40% you have to make up +67%, and if you lose 30% you need to make +43% back in order to reclaim your initial loss. This is the draw down effect.

  • Don’t trade if you don’t know what you’re doing and if you don’t have a plan, you will get hurt and taken advantage of by people with extensive investment knowledge.

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