Are You Copying the Crowds or Making Your Own Way?

There’s a lot to be said about looking at what the herd is doing or saying, and doing the exact opposite.

J. Paul Getty, a famous oil entrepreneur in the 20th century, made a fortune from investments during the Great Depression. When most of the media sentiment was telling people to sell, he would buy. When it was telling people to buy, he would sell.

Instead of blindly following what the mainstream media wants you to believe and do, use some critical thinking and make your own decisions.

Nik Halik, filmed at the Platinum Mastermind in Costa Rica, also takes this approach to life and finances. He shares his thoughts in this video.

THE ECONOMY IS CHANGING

For the last 30–40 years, we have had an artificial economy. Much of the money and the value of assets is a product of pure speculation.

It’s been the baby boomers – those born roughly between 1946 and 1964 – who have been doing the speculating. They’ve been pushing up the prices of stocks and real estate.

For the last 30–40 years, you could buy assets and you could be fairly confident that they’d go up in value, thanks to speculation. That was a valid investment strategy.

However, the baby boomers peaked around 2007. These days, they’re not investing as aggressively and entrepreneurially as they were before. Their focus has shifted to saving for retirement. Their speculation is contracting.

Thus, the investing strategies that worked in the heyday of the baby boomers, don’t work as well as they used to.

EVEN CASH IS NOT SAFE

Don’t believe this? Look at what’s happening in several European countries. Greece, for example, is rife with corruption, nepotism and tax evasion.

Then there’s Cyprus. In 2013, the country was experiencing a financial crisis and was in the process of striking a deal with the International Monetary Fund. The IMF agreed to provide Cyprus with a bail-out of €10 billion, if Cyprus could come up with its own contribution.

What did Cyprus do? They raided the bank accounts of anyone who held more than €100,000. 37.5% of each account balance would immediately be wiped off and converted to bank shares.

The lesson? Even cash is no longer safe in this new economy.

Of course, the mainstream media won’t tell you this. That’s why it’s important not to blindly follow the mainstream media sentiment, but think for yourself.

The MOBE Platinum Mastermind is where the most experienced mentors share their wealth mindset and investing strategies with fellow members. To learn more about the Platinum Mastermind, click HERE.

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