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Wednesday, January 11, 2017
"I was at this bar," my roommate Jeff told me back in college. "Next thing you know, the most beautiful girl in the place agreed to go out with me."
The next-thing-you-know phrase appeared again after college, when Jeff and I were stockbrokers together in the mid-1990s. "I talked to this potential client today," he said. "Next thing you know, he's sending in a million dollars."
I love – and hate – Jeff's "next thing you know" stories...
It's not Jeff's success that bothers me – you can't not love the guy. Instead, it's the "next thing you know" part...
Whenever Jeff used "next thing you know" (and he did, often – that rascal), I got frustrated... He was leaving out a key step – a secret to success. And I needed to know what that secret was.
If I didn't get to the bottom of "next thing you know," then I couldn't follow in his footsteps to succeed.
I tell you this because there's a serious missing piece of the financial puzzle out there for most of us... a secret... a "next thing you know" that we need to get to the bottom of.
Today, I will share a solution to finding that crucial secret. Let me explain...
Here's what most ordinary folks think about investing:
If you're reading DailyWealth, you're more sophisticated than most people...
You know that proper investing takes time – and that the "next thing you know" doesn't happen overnight.
You know that you need to diversify... to put some money into stocks, and some into other investments. That's part of the path to investment success.
But this still isn't enough information. These are just guidelines. The "next thing you know" is still missing.
So what is this missing piece?
It is knowing EXACTLY what to do with your money. It is knowing EXACTLY how to allocate it safely, down to the penny.
If you've followed our writing, you should be doing pretty well.
But... if you haven't taken the time to get organized... if you don't take a whole-portfolio approach... if you inevitably put too much capital in the wrong stocks, and not enough in the right ones... then you are still just guessing.
To get past the "next thing you know," we have an answer for you...
It's a way for you to start investing like a pro. By doing this, you'll maximize your opportunity. You'll allocate appropriately. You can follow your stop-loss discipline. You can finally "get there." And you can do it all in about an hour a month.
I can't share all the details with you here... The ideal thing for you to do is to listen in to our webinar this Thursday night, where we'll share the details of our new service, Stansberry Portfolio Solutions.
In short, it's the secret behind the "next thing you know." And as my friend and colleague Porter Stansberry says, it's "so easy that the average sixth-grader could do it."
Our live webinar is on Thursday, January 12 at 8 p.m., Eastern time. You can RSVP today by clicking here.
Editor's note: If you've been missing a piece of the financial puzzle, our brand-new Stansberry Portfolio Solutions service could change the way you invest for good... It's a foolproof approach to investing, one we suspect will become the most popular thing we produce. We'll reveal all the details in our live webinar on Thursday, January 12 at 8 p.m., Eastern time. Don't miss it – you can RSVP right here.
A few months ago, Steve gave a step-by-step breakdown of how to quickly size up a trade before you buy. "Within two minutes, I knew everything I needed to know," he writes – it's that simple. Read his two-part series here and here.
"This is your money. You worked hard for it. And you're just 'winging it'?" Steve writes. It's not just about when to buy – you have to know when it's time to sell. If you need a plan, check out Steve's essay right here: How I Know When I'm Wrong – And How I Get Out.
USE THIS SIMPLE IDEA TO IMPROVE YOUR INVESTING
Today's chart highlights why you should buy great businesses at good prices...
For proof, we look at credit-card provider American Express (AXP). The company is a $70 billion giant. About 118 million American Express cards are in use around the world, with cardholders racking up more than $1 trillion in charges every single year.
American Express shares started falling in early 2015 after it lost its partnership with warehouse retailer Costco (COST). The loss was big... but the market overreacted. As soon as things improved at the company, investors started coming back to this powerful brand...
On some valuation metrics, American Express was cheaper at the end of last year than it was after the 2008-2009 financial crisis. Our Stansberry's Investment Advisory team jumped at the opportunity, recommending the stock in August. Now, they're sitting on 20% gains... and shares are at fresh 52-week highs. Once again, buying great businesses at good prices is a winning strategy...