Ask Doc There are a thousand ways to make money in the markets. Despite what some folks think, they don't all require a doctorate in finance or a huge research staff.
The skills you need to improve your retirement investment returns are much simpler. I bet you already have them.
All you need is common sense, a keen eye for people's behavior, and control of your emotions. With these three skills, you'll quickly be on the path to building wealth.
In fact, complex formulas or advanced strategies can get you into trouble when you encounter someone with a sense of "how things really work."
Fischer Black taught me some of the most valuable investing ideas I've ever learned. You may have heard of Fischer Black. He was one-half of the famous "Black-Scholes formula" authors for pricing options. (Myron Scholes received a Nobel Prize for the work, but Black had passed away, and Nobels aren't given posthumously.)
I worked with Black during my time at investment bank Goldman Sachs. And I think his approach can give you a new way to think about investing.
Most investors buy at the top in a frenzy... and sell at the bottom in a panic. They lose a lot of money doing this. To profit from fear, you should stick to a good asset allocation.
While others try to find the next big thing and chase highly paid mutual-fund superstars, you should use index funds and pay low fees.
When I worked with Black, he taught me one important way to reduce risk and maintain returns... on nearly any stock or fund in the market.
Personally, I use this approach to consistently earn safe income in the options market. While most traders use options to gamble wildly on the movement of stocks, I take the opposite approach.
Since most traders are so hyped to place their bets, they often overpay for them. By understanding the way they think, I love taking the other side of these trades and getting overpaid... just like Fischer Black taught me to do.
In fact, I've used this strategy to close out more than 200 winners in a row in my Retirement Trader newsletter. More than 15 years ago, I taught our company's – Stansberry Research – founder, Porter Stansberry, exactly how to do it. And today, I can teach you too...
This morning, I released a video where I show you how to use my strategy to collect income as volatility is set to kick off in the markets.
It doesn't take a complex formula. But you do need to add a few new tools to your toolbox. Fortunately, I've built a career explaining these techniques to investors.
Now, let's dig into the Q&A... As always, keep sending your comments, questions, and topic suggestions to [email protected]. My team and I really do read every e-mail.
Q: How about using compression sleeves [for problems with your lymph nodes]? It seems to be the easiest in terms of achieving all the effects mentioned. Cheers, S.K.
A: Thanks for your e-mail, S.K., and for reading our recent issue on the lymphatic system.
Compression sleeves and socks are a common way to fight various kinds of circulation issues. You've probably heard of people wearing them on airplanes to prevent blood clots. They could also be a good option for controlling swelling and lymphedema. We've seen some small studies that show wearing compression socks does help people with lymphedema.
The problem is, on their own, they won't fix the problem in your lymphatic system. As we mentioned in our issue, your lymphatic system stretches over your whole body.
Compressing your limbs does help draw fluid into your torso, where it can be filtered out... but if there's a blockage, the compression can only do so much. That's why you should also do the lymphatic drainage massage that our issue describes.
Feel free to see if compression socks can help you. But make sure you're wearing the correct size and for the right amount of time. The Cleveland Clinic has a good guide to get you started here.
What We're Reading...
- Did you miss it? Everyone wants to know when the Federal Reserve will start cutting rates.
- Something different: Space debris landed on a home in Florida.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Health & Wealth Bulletin Research Team
April 19, 2024