By Dr. Steve Sjuggerud
THE MELT UP IS BACK
WHY NOW IS THE SAFE TIME TO GET BACK IN
We were young, but not dumb... Because I started college at 16, I’d already finished my Ph.D. I’d already been the vice president of a global mutual fund in charge of research and trading. I’d also been a broker specializing in international stocks. And my childhood friend Porter was smarter than me for sure. We were willing and capable. What we learned in that manic period of figuring out what works still guides us today. So what lessons from back then can we apply to today? Two things are crystal clear to me right now : 1. It’s time to get back into stocks . And... 2. The Melt Up is back .
When do you get back into stocks? In 1996, Porter Stansberry and I set out to answer this question. Back then, we were just hungry kids in our mid-twenties. The company we started, Stansberry Research, didn’t exist yet. (Who would have listened to two kids anyway?) We were living together in an efficiency apartment. (The whole place was one room.) He slept on one couch. I slept on another. We had nothing – literally – except a mission to find out what works in investing, and a desire to share that with our handful of readers. More than once, Porter stayed at work all day, all night, and all day the next day. Why not? There was nothing at “home” for us.
CLICK HERE TO READ THE WEB VERSION
Made with FlippingBook Ebook Creator