This was the title of a report published on 08/05/2019 in the Handelsblatt, in which Donald Trump was quoted.
The reason therefore are the fears of the investors which are again dominating the markets, because of the customs duty threats that America’s president had made against China.
Since I worked for many years with a renowned financial services provider, I know the fears of most people after such reports very well. A lot of them even lose their heads in such situations, selling and buying indiscriminately without thinking about the penalties for their assets and their investment. They have lost focus of the overall picture and are reacting out of affect – not a good basis for making financial decisions!
What makes a qualified investor in today’s world?
A good investor is somebody that retains full control over the prevailing situation. Starting with self-regulation, a well-balanced sense of income and expenditure flows is essential. Of course, a good investor also controls the timing of his purchases and sales. But what sounds simple, on closer inspection is quite complex and self-control is of central importance here.
Why self-control makes a good investor:
You probably know it yourself, if you receive bad news and immediately think that from now on you have to knock everything over in order to be safe. Believe me, that’s what he did for a long time, and that’s natural. The conventional recommendation for important decisions to sleep for a night first, seems to be the purest imposition, especially in terms of investments.
But in fact, I totally advise against acting out of fear, even when time seems to urge you. If, on the same evening, this fear has not subsided, then you really prefer to sleep one more night.
A good way to deal with the anxiety and to clear your mind is to watch it. Take your time. Only when you realize that the anxiety hardly or only very slightly exists, go back to planning your finances.
The good news is that with a clear mind and a focus on solutions, you will be able to capture the information so you can better understand what’s going on and ultimately get to the solution of the problem much more quickly and efficiently.
While it would have cost you just thousands of reasons to sell or liquidate your investments, you may have done the same, but with one huge difference: instead of letting the money rot in a savings account and being eaten up by inflation, you have a new investment opportunity instead found.
That’s what it’s all about: not just selling headlong with losses and forgetting to plan the next steps, but also discovering new opportunities for the future with a focus on the positive. Only then does letting go lead to new and good things your life.
Maxim Bederov – Conclusion
Even if the current developments are not rosy and most recommendations say to sit out the situation or to park the money in savings accounts – do not be fooled! Think about solutions and find new ways! Which innovative markets are currently available? Do you know them all? What potential are still in industries that are like pearls on the seabed and just waiting to be found by a diver?
Think oblique and you will find interesting new opportunities. – Maxim Bederov
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