≈ The biggest obstacle and the only hope. ≈

[…] How do I save well? What should I put my saving in? When thinking about what you should put your saving in, realize that the least risk investment—that you think from volatility is the least risky investment, which is cash—is the worst investment over a period of time and you could judge that by judging the rate of inflation in relationship to the after-tax income you’re going to earn […], so you have to move into assets that are going to do better over a period of time.

Ray Dalio for Yahoo Finance, February 2019

The era of hiding money under the mattress is over. Mattress is for sleeping, not saving.

According to Ray Dalio, on that same interview, the last experience you had is the one that is going to stick in your mind. We can assume, therefore, that it is going to shape your experience from that moment on. His parents went through the Great Depression and stayed away from the stock market. Because of that, they’ve missed out the boom that came after, the same boom that made Warren Buffet a fortune.

If you want to stay out of the madness of the stock market and keep your savings under the mattress, before you do that, take a good look at the Chart of the Day. That is a lesson on how to devalue a currency over time (Coach Matt loves and also hates that chart, by the way).

If you spend your heydays suppressing all kinds of risk, in regards to your savings, you are essentially piling up all implicit risks for when that awkward age comes, the one that you are so old everything hurts.

The opposite is also true. If you take all risk now, without any sound management, you won’t get to your retirement age in one piece.

Risk is, at the same time, our biggest obstacle and our only hope.

Embrace risk.

Chart of the Day

Dollar Purchasing Power (1913 – 2017)

That is a free lesson on how to destroy a currency over time. The mattress era is over. Embrace risk.

Video of the day

Ray Dalio gives 3 financial recommendations for millennials

Founder, Chairman and Co-Chief Investment Officer of Bridgewater Associates Ray Dalio talks to Julia La Roche in 2018 of Yahoo Finance about the value of savings and investing.

Today’s line up

Rookie Corner

Markets, Systems and Conditions Part II

Last week we identified 3 different market types and we characterized them by direction, size and volatility. These three metrics are extremely important when choosing the right trade to be in tune with the markets.

There is a very common problem amongst newer traders and that problem is that when they learn a new trading strategy they want to use it all the time because perhaps they believe it is the holy grail of trading or perhaps they just don’t have the experience or knowledge of other types of trades.

Traders Lounge 11PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Cashflow Club 8:30PM EST

Held every Thursday, this show helps you perfect your favorite cashflow strategies.

Halftime Report 12:30PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Market Recap

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

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