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I finished my career as a financial advisor 11 years ago. I can't say that my emotions towards clients were "hate", because it really wasn't, but such calls/messages were not uncommon.

Once upon a time, around 2004-2005, I don't remember exactly, one client very clearly stated his needs and expectations from financial advisors:

I WANT YOU TO TELL ME WHICH STOCK WILL RISE TOMORROW, SO THAT I CAN BUY TODAY AND SELL TOMORROW.

And I would like that. When two people want the same thing, but look in different directions, love is not born. We broke up with that client pretty quickly.

What should you really do when the markets rise so much on Wednesday that it seems that not one bull, but the whole herd of them has run to the top, and on Thursday, they can't find a bottom again?

One way out: look at the calendar. It's Friday, and according to this spontaneously born and unsupported cyclical theory, the markets should rise. Especially since yesterday, after the market closed, Trump again dropped the bait about the 10-day moratorium for the destruction of the energy plants "at the request of Iran". Of course, Iran has not yet confirmed this and is unlikely to do so.

Another: subscribe to my Substack channel, where we, in a paid subscriber-only chat, discuss with subscribers every single day what could happen TOMORROW and what is worth investing in TODAY. If such questions torment you, and the prophecies of your advisors do not comfort you, I can reassure you - you will not get them here either. Just know where and why I invest myself, what decisions other subscribers make and why. Then it will be easier to make your own.

Picture taken from LNKD.

Mar 27
at
9:33 AM
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