Don't Let the Market Punch You
"Everybody has plans until they get hit."
That's what Mike Tyson had to say about his opponent Tyrell Biggs ahead of their legendary boxing match.
To prepare for the match, Biggs worked hard on a plan to defeat Tyson. But things didn't go as Biggs planned...
Tyson quickly slammed Biggs, left him physically dazed, put him on his back foot, and proved all his planning worthless.
Managing your money works the same way...
When you see your account balance falling and look around to find nothing but fear and uncertainty, the primal parts of your brain kick in. Your pulse quickens... and if you don't calm yourself down, you can start flailing.
We invest our funds knowing we are taking a risk. We can study historical volatility and drawdowns – so we tell ourselves to expect a 30% or 40% decline from time to time.
We tell ourselves we'll stay the course, invest in quality businesses, and know that the next bull market will come.
No matter how prepared you thought you'd made yourself, if you've got a million-dollar account that falls by $400,000 in a 40% drawdown... you're in panic mode. You've been punched in the face. And you need to recover your mental state so you can recover your money.
At this point, our best move is to identify the incoming punches.
According to Wall Street legend Marc Chaikin, there is a punch headed our way...
Marc says that a financial reset will offer "by far the best way to protect and grow your money in what will surely be a very difficult transition for most people."
On November 15, he's holding a special free event to give you the full story, along with where you'll want to move your money for the chance to double, triple, or even quadruple your cash as the whole thing unfolds.
Click here to learn more.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Health & Wealth Bulletin Research Team
November 12, 2022
Reader question of the week...
Q: Can I use any of those memory apps to lower my dementia risk? – D.R.
A: You've likely seen those ads for smartphone apps that claim to boost your memory by playing games. However, no hard evidence suggests this is true. The problem is, these games don't actually challenge your mind enough, and the tasks usually don't translate into practical uses.
Consider the popular app Lumosity... In its early days, Lumosity claimed its games could reverse Alzheimer's disease and improve memory and focus. Early on, it made millions ($23.7 million in 2012 alone). It all sounded impressive, but when more than 70 scientists tested its theories, they didn't find evidence to support these claims. The company had to pay a $2 million fine in 2016 over unsubstantiated claims in Lumosity ads. Then it made its promises vaguer – and went right back to selling its app.
Don't waste your time and money on bogus games. Instead, there's an easy, proven way to improve your memory... exercising. Getting physical exercise increases oxygen flow to the brain and allows the release of hormones that help brain cells grow. So if you're looking for a great way to keep your mind sharp, put down your phone and get moving. You can also try the "neurobics" exercises I share right here.
Keep sending your questions, comments, and suggestions our way. We read every e-mail... feedback@healthandwealthbulletin.com.
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