The coronavirus pandemic has the world on edge. Most major economies – including the United States – are on lockdown. Life for many Americans has come to a standstill… with sporting events, schools, and events closed. Businesses are shuttering and some communities are even implementing mandatory curfews.
The market is taking it on the chin, too. Just this past week, the Dow had its worst single-day point drop of all time. It’s now down over 30% from its all-time high in February.
There’s no telling when the carnage will end. And while that might not sound very comforting… Daily editor Teeka Tiwari believes the recovery will be much faster than the one following the 2008 financial crisis.
In the meantime, the best thing you can do is manage your risk, position-size correctly, hold some cash (we recommend up to 10%)… and just sit still. And remember, no matter what tomorrow brings, the sun will shine again…
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Regards,
Chaka Ferguson
Managing Editor, Palm Beach Daily
P.S. While the world has been focused on stocks, bonds, gold, and bitcoin… it’s overlooked a tiny subsector of the crypto market that’s about to explode higher.
And on Wednesday night, Teeka showed an audience of more than 30,000 people how a handful of $500 investments have the power to grow into as much as $5 million.
I know that sounds ludicrous given the recent state of the global markets and current bitcoin prices…
But if you want to make truly life-changing wealth, you have to bet in the opposite direction of the crowd. And right now, the crowd is convinced crypto is finished.