More Articles | Free Reports | Premium Services “Please tell me you’re not calling to liquidate everything.” This is what a Freeport Society colleague’s broker said when he answered her call last week. No “hi” or “hello.” Just an immediate, exasperated plea. Turns out he’d dealt with at least a dozen investors that morning who wanted to sell everything out of fear of the fallout from Tuesday’s Presidential Election. The thought hadn’t even entered her mind. But clearly, many investors are jumping off the ledge as they try to escape the unknown. My emphatic message to you today is: Don’t do that. Instead, follow the three simple steps to surviving any election turbulence that I’ll share with you today. Before we get into those, let’s get something important out of the way… The Five Stages of Election Grief It’s normal to be worried about this election. If this election is stressing you out, you’re not alone. According to the American Psychological Association, two out of three of your fellow countrymen and women cite the 2024 Presidential Election as a significant source of stress in their lives. It’s not surprising. This has been the most divisive campaign. The level of rancor as a result is off the charts. And as Wall Street legend Louis Navellier and I talked about in detail in our pre-election summit on Tuesday, that’s only the start. We still have to get through what’s set to be a contested election and all the uncertainty and market chaos that will bring. Personally, I’ve already burned through the first four stages of election grief – denial, anger, bargaining, and depression. I’ve now settled into the fifth stage – acceptance. The only thing I can do about any of this is to work to protect and grow my wealth no matter what... and help you do the same. This starts with accepting one thing… No New President No matter who eventually wins, we’re not going to have a new president come Inauguration Day next January. Trump has already been president. And Harris would be Biden 2.0. These administrations did a few things right… and a lot of things wrong. But in the wise words of Adam Smith, “There’s a great deal of ruin in a nation.” In other words, no matter how poorly governed we are, the United States has a way of getting on with business. This is not to say that there won’t be consequences for poor governance. Our national debt has ballooned to more than $36 trillion. The Trump-Pence and Biden-Harris administrations were responsible for racking up about one-third of that. The interest on the debt is now a bigger expense to the federal government than the military. Every dollar Washington spends servicing those debts is a dollar not available to fund Social Security, build roads, or fund our national defense. And eventually paying down that debt will be another dollar out of your pocket in taxes. Neither candidate has acknowledged the problem… let alone offered a solution. In fact, we’ve seen an entire presidential election campaign without either candidate addressing the federal government’s runaway spending. That’s why I’ve been recommending dollar hedges such as Bitcoin and gold since we launched The Freeport Society in December 2023. And so far, they’ve been doing what I expected they would. Since I recommended it, bitcoin is up 73% and gold is up 37. Remember, gold and bitcoin are “hard” assets. That means they’re difficult to produce or mine relative to their existing supply. Gold, because there’s only so much of it on Planet Earth. Digging it out of the ground is increasingly expensive because it’s getting harder to find. And Bitcoin, because it’s programmed to be scarce. Only 21 million Bitcoins can ever exist. And new supply tapers off over time until no more new coins are digitally minted. The Fed, along with commercial banks, on the other hand, can create U.S. dollars with mere keyboard strokes… and have done so with abandon to finance multi-trillion-dollar deficits. That makes gold and Bitcoin better long-term stores of value than the dollar (or any other fiat currency, for that matter). So the first thing to do right now, to protect and grow your wealth regardless of the election outcome is to add these two assets to your portfolio. Once you’ve done that, the next thing to do is follow the three simple steps I mentioned up top… Three Steps for Handling the Post-Election Chaos First, remember that some trends are bigger than politics. To show you what I mean, let’s go back to 1996. If Bob Dole had beaten Bill Clinton to become president, would the internet revolution not have happened? Of course not. That was a once-in-a-generation paradigm shift in technology. It would have happened no matter who was sitting in the Oval Office. The same thing goes for artificial intelligence (AI), robotics, and automation today. This revolution is happening due to forces that are bigger than politics – such as an aging population and shrinking workforce. No matter what degree of imbecile we have in the White House come January, they can’t derail this. So, don’t let a little volatility shake you out of your core-conviction holdings. Second, remember that not every stock currently in your portfolio is likely to be a core-conviction holding. You want to go into the post-election market chaos with enough cash on hand to take advantage of the volatility we’ll see wash over us. So, take some time today to go through your portfolio. Consider taking profits – or cutting losses – in your lower-conviction holdings. An easy rule of thumb: If you can’t remember why you bought a stock, you probably shouldn’t own it. Third, be willing to trade the volatility with the cash you raise. Some of the greatest fortunes in history have been made during intense market volatility. Remember Baron Rothschild’s advice… “The time to buy is when there’s blood in the streets.” He would know. He made his fortune during the Napoleonic Wars. It’s this final point that excites me most. It’s why Louis Navellier and I released our pre-election summit on Tuesday. Most Freeport Navigator readers will know who I’m talking about. He and I launched The Freeport Society with his “Californication” presentation just over a year ago. In it, he warned that Biden would drop out of the presidential race and that a California Democrat would replace him. The result would be the catastrophic spread of the Sunshine state’s ultra-liberal policies across America. He also warned that we were entering an “Age of Chaos” – a time of unprecedented chaos and danger for Americans. That presentation – and the steps we recommended to prepare – has now been viewed more than 3.2 million times. But here’s the thing… None of that compares to the volatility that’s going to hit next week. I know that sounds scary. If you’re unprepared, it will be. But I’m not going to let you head into Election Day unprepared. The Day After In our Day After Summit, Louis and I laid out the strategy we’ll be using to turn the surge in stock market volatility into profits. It takes emotion – especially fear – out of the equation. And it works best when volatility is high… like we think it will be come November 6. If you’re worried about how to handle the turbulence that’s on its way, I highly recommend you check out the replay while it’s still online. Louis and I even share a pre-election trade you can place right now. This trade has gone up after every presidential election since its inception between specific dates we share during the summit. So, if you haven’t already, make sure to check out the replay here. And whether you make this trade now or not – if you take only one thing away from today’s note – don’t succumb to the fear. Embrace this volatility. That’s the Freeport Society way. To life, liberty, and the pursuit of wealth, |