Yes, there are plenty of terrible things happening in the world today too. But, as an investor, you need to balance the bad news with an understanding of the positive trends as well. It doesn't hurt for Westerners to stop occasionally and recognize that we are living longer, safer, richer, freer lives than any people in the history of the world. Americans have much to celebrate, especially on the economic front. The Federal Reserve reported last year that median household income hit a record. So did median household net wealth. There are a record number of American millionaires. Corporate sales and earnings are up. So are profit margins. And so are share prices. The S&P 500 had 57 record closes last year. My point? We're all prone to grumble about all the things that are wrong with the world. But if you're going to risk your hard-earned capital in the stock market, you need to appreciate the positive developments as well. There have always been serious problems in the world. And there always will be. Yet, in many ways, the trend really is your friend. But you have to realize it if you want to take advantage of it. Good investing, Alex P.S. Click here to register for my "2025 Millionaire-Maker Summit," which is being held on Wednesday, January 29, at 2 p.m. ET. (I'll also reveal my #1 stock pick for 2025 - 100% free of charge.) |
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