It doesn’t matter why, just let you money fly…
People like to try to understand why things happen. They think it helps them as they try to control things that are uncontrollable, such as nature, other people—or the stock market.
Does it really matter why Obama crusades against the coal industry?
Perhaps as a young, idealistic Marxist, Obama read about strip mining, or how the coal industry mistreated the miners/employees, broke up the unions, etc. And now, sitting in the White house, an older more jaded Marxist, he targets them for their alleged past misdeeds.Or maybe he just has some friends who compete against the coal industry, maybe investors in nuclear power, and he’s simply abusing his authority and using his influence to help them by hurting coal miners.
It doesn’t matter why. You just don’t want to fight it. Without insider knowledge of which companies will be favored and granted exemptions and contracts etc., it’s too risky
Successful stock market investors understand that you have to ruthlessly, relentlessly, put your personal feelings aside. The stock market is a place to partially own businesses and make money, period. Some advisors will tell you, if you like to watch Disney movies, you should buy Disney Stock. Or if you like to shop at Wal-Mart, you should buy Wal-Mart Stock.This is ridiculous advice, but if you are the kind of person who needs someone to tell you what to buy or sell, it’s an easy cop-out.
Then there is an arrogant new breed, who advocates “socially responsible” investing. Make a political statement with your money they say, support companies that are progressive or green or whatever. Doing that can make people feel superior; it’s not, however, the way to generate superior investment returns.
When you invest in the stock market, you are competing, and your job is to win and make as much money for yourself and your family as possible. As distasteful as his politics are to anyone who believes in private property, legally enforceable contracts, open markets, free trade and minimal governmental interference , the fact is that Obama and his policies are having a profound impact and are creating opportunities for you and me and anyone else who wants to make money.
If you know what to look for and how to use what you see.
As our economy is pushed further and further towards a full-blown socialist model, you can use the stock market to profit. Fight fire with fire.
Lenin famously quipped, “When the time comes to hang capitalism, we’ll find a capitalist to sell us the rope”.I say, when the communist comes to you to buy a rope, go ahead and sell it to him; just make sure you take all his money so he can’t build a gallows or even plant a tree to tie the rope to!
Join the conversation as a VIP Member