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Day 148: Should I Sell It?
Day 148: Should I Sell It?
Yesterday I was explaining how I got beat up by a lil 108-pound hottie police officer… also how our reality is kinda painful right now.
When I say “lockdown” it doesn’t feel real.
Like I’m participating in an extended episode of Twilight Zone but I didn’t ask to be involved.
The studio audience isn’t laughing or clapping… just screaming at me like a loud screeching scratched record to “stay home”.
I can’t remember… is the recommended way to motivate people through demands and shaming?
Asking for a friend.
Today your ONE COACHING THING is:
“Never sell assets during tough economic times.”
This is my answer to a question I’ve got a number of times, in a variety of ways, over the past couple of weeks.
“KK, Should I sell my stocks before they sink further?”
Here’s my response.
You’d be the incredibly common case study of ‘buy high and sell really low’ victim.
The books, influencers, and programs will all tell you it won’t come back this time and it’ll be different BLAH BLAH….
They’re just trying to get your eyeballs, attention, and money.
The best predictor of the future is the past.
History over the last 100 years will show you the same thing over and over.
The economy is a Ferris Wheel that keeps rising over time but also turning.
Make and KEEP your money on the way up.
Don’t lose it on the way down.
An argument for an OK recovery is that there’s ‘LOTS of money on the sidelines’ waiting for this crash so there’s a chance it recovers with moderate speed.
Real Estate will follow what the stock market does but will be about one (maybe two depending on a few variables) years behind.
Bottom line and in the theme of this email… the stock market is in for a rough ride so patience is mandatory right now.
BTW and importantly, in an ideal world, you’d be BUYING, not selling, but that depends on your situation and CASH right now has never been so valuable.
If you NEED CASH to feed your family etc… then you’ll need to sell some stocks but it’s not in any way recommended.
As per above, if you want to end up wealthy…
… Never sell assets during tough economic times.
You heard it here first.
It’s 1 am as I hit send and it’s been possibly the busiest week of my life.
I might need to take my first day off of this daily series after 148 days. I’m bursting at the seams tomorrow with a super busy day.
I start at 5.30am and don’t stop.
If I don’t speak to you tomorrow have a blessed day.
Obsessed with your business coaching success,
Karl Bryan aka King Karl
PS. Back in the day the only time you started panic buying was when the bartender yelled “Last Call”
PPS. If you’re looking for a proven system to follow for your coaching…. I created business coaching software and high-end step by step training to support it…
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