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Tackle Today: You are driving the bus

September 22, 2020

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Are you moving in the right direction?

Traders,

Yesterday on our Trading Justice Podcast, I sat down and discussed the history of retirement accounts in the US with coach Matt and Mark.  When you study the history, it is fascinating to think about how the concept of retirement has evolved over the years.

There are 4 main players to examine in the conversation about the evolution of retirement:

  1. Government
  2. Corporations
  3. Wall Street
  4. Individuals

Through the years, each of these 4 groups play a significant role in the shaping of retirement account and retirement planning.  Governments have best intentions, corporations negotiate with labor, Wall Street just wants its money and Individuals must make decisions the best they can based on their situation and financial needs.

When thinking about this topic from the big picture view, it is important to examine all the players involved.  When making decisions about your own personal retirement account planning, the most important player is you.

Financial education is for more than just short-term decision making.  It does involve short term, but it also involves long term planning.  Getting setup with the right types of accounts and building an investment thesis that fits your abilities and will allow you to reach your goals is what really matters.

Give the podcast a listen if you are interested in learning about how retirement has evolved over the years.  And make a commitment to building a plan for your own accounts where you are in control, set proper expectations and will put you on the right track.

Trading Justice 391: https://tradingjustice.com/trading-justice-391-the-history-of-retirement/

#TeamTackle


Chart of the Day

Great British Pound

The British Pound has been bearish for most of September setting a lower low and lower high.  Forex trader’s use technical patterns to enter bullish and bearish positions.  If you want to learn the basics of Forex start with the Forex 101 course here: https://tackletrading.com/course/forex-101/


Video of the Day

Thank the Market Gods! You got lucky.

Watch this video where Coach Noah reviews a trade on KODK that a new trader made. 


Today’s line up

Traders Lounge 11 AM EST

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The Coaches Show 8:30 PM EST

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Halftime Report 12:30 PM 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.


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