THE 2020 MELT UP BLUEPRINT
Because EVERYONE was scared. There was nobody left to sell. And how did it work out? I doubled my money in 13 months in one particular hedge fund. I cashed out of that fund, repaid the home equity line with the proceeds, and let the other investments ride. (I still own one private fund I bought back then.) But in January 2019, I put far more money to work in stocks than I did in all of 2008 and 2009. Why? Because the opportunity was similar to what I saw back then... “I’m scared as hell,” one family friend told me at a holiday party over Christmas last year. “Trump, the trade war, the market gyrations... I’m getting OUT.” I couldn’t say it at the party, but that “scared as hell” sentiment is what I live for as an investor. When I see and hear that people are “scared as hell” – it’s game time. It doesn’t happen often. But when it does, you have to take advantage of it. I personally took advantage of it in...
• Late 2008 and early 2009 with stocks... • 2011 with Florida real estate... • And with gold stocks in the first half of 2016. It had been a few years since I’ve “backed up the truck” to buy, like I did in those trades. Until January 2019, I had been setting aside cash, waiting for the next “scared as hell” investment. I didn’t know if it would appear in Asia, Russia, or Latin America... or in a bond market, a currency market, or a commodity. All I knew was I was ready to take advantage of that moment when it appeared. So, I get it. It’s scary out there right now. It feels like the best days of this bull market are over... like it’s time to get out. But that’s the worst decision you could make. We’re right on the edge of the Melt Up. We may never see another bull market like this one again in our lifetimes. So please, take advantage of it... The biggest gains are likely still ahead.
READ OUR LAST BIG MELT UP ISSUE
DR. SJUGGERUD HAS BEEN EXACTLY RIGHT
20
December 2019
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