MARKET BRIEFING
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The only difference was using TradeStops to alert them when stocks enter sell mode and when conditions are ripe to buy back in. It’s such a small change. But as you just saw, it can have a dramatic impact on your results and your emotions too. PORTER: Keith, the one thing I really want to stress for people if they’re thinking, “Oh, man a computerized system, this sounds really complex.” I’ve seen what you guys have done with your new user interface. I want to say this was five or six years ago when I started using this product. So, I’m not only an investor in the business, I’m a personal user of your software. And really, it was click, click, click and my entire portfolio got uploaded into your system. You guys were able to go to my brokerage account and see where the stocks were, what I’d paid for them, all that stuff. It was all click, click. I didn’t have to do anything manually. And then, the coolest thing was there’s lots of tools that you have. But the neatest thing for me was you were able to show me exactly how much riskier my portfolio is than the S&P 500. And I promise, if I had any idea how much risk I was taking, I would have changed some position sizes. I would have changed some things. But you don’t know because nobody can do all that math in their head. And so there’s just a lot of great things about your tool that goes beyond even the VQ. KEITH: Thank you so much. PORTER: I just want to repeat how astounding the VQ is. And this is why I wanted to invite Keith here today to speak with everyone reading... Because if you are still reading right now, congrats. You are smart enough to realize that there’s a better way. If you have been an owner of stocks and other assets over the past 15 years and held on, you are probably sitting on more money than you ever thought you’d have. And if you’re like me, I’m sure you can sense that there are some things that are really going wrong in the world. And it probably makes you a little uncomfortable like it does me. But then, you look at your brokerage account and every day you see it going higher and higher and higher… And you say, “Oh, those end of the world doomer- gloomers like Porter Stansberry, I’ve got the world beat. I’m getting richer and richer every day.”
So you feel more secure. And you know, at least for now, if you have all that money then you and your family are going to be okay. But let’s take a moment to remind you of how you’re going to feel if things don’t go so well. Right now, you’ve probably got more of your wealth than you should tied up in stocks. Maybe you’ve got a lot of your wealth tied up in your house. And probably the house is worth more than anything else you own. And let me remind you that big number you feel good about in your stock account is on paper. Ĩ Now imagine waking up and 50% or more of it being gone, wiped out for good. Ĩ Seriously imagine it. Take that big number in your brokerage account and imagine it for me, whatever it is for you personally. Ĩ Then divide it in half roughly. Do you have the new figure in your mind? Ĩ Now imagine the life and lifestyle you are planning to have over the next ten years. Ĩ Can you continue to live that way without becoming stressed thinking about it? Can you, honestly? If that answer is no, then I’m telling you this is maybe the most important decision you can make for yourself financially right now. Because it isn’t just about the money. It is also about living. That’s what the money is for, right? The value in having an exit plan in place, whether you use an ordinary 25% trailing stop, or something more sophisticated like Keith’s VQ, which I would certainly recommend, is that it can save you time and heartache during the biggest financial catastrophes in history. That’s what it did for Keith during the COVID crash. Which remember was the fastest crash and recovery in history. But the next crash might not recover quickly, or at all, possibly for years. Do you really want to simply trust that “buy and hold” is going to protect you? Or do you want a chance to get out before everything crashes down? AMY: Keith, I know you were able to get out of stocks personally before the COVID crash...
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