Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Never Bet the House

March 18, 2020 By Richard C. Young

By Motortion Films @ Shutterstock.com

Investing is not betting. There are people who buy stocks to invest in them, and people who buy stocks to bet on them. Never be the latter. After the crash of 1987, I compared that to the surprise defeat of “sure thing” Sonny Liston by Muhammed Ali. I wrote:

“Bet the house on Liston…it’s a sure thing.”

Once again, what could never happen, happened. Once again, the underdog defeated the favorite. And once again, people learned — many the hard way — that there are few “sure things” in life.

The lead quote appeared in a provocative Wall Street Journal ad run by FGIC (municipal bond insurance). The headline, of course, looks back at the astounding boxing victory of a brash Louisville fighter, Muhammed Ali, over the seemingly invincible world heavyweight champ Sonny Liston.

It seems to me that many investors look at today’s stock market as the Sonny Liston of the financial market place. The unbeatable surge in stock prices appears to have no end. Future gains are being written off as a sure thing. Could be, but I doubt it. I doubt it very much. This is not to say that there aren’t ways to scalp some profits out of the markets and hold down your risks at the same time.

In the past two weeks, shareholders have faced market declines with gut-wrenching volatility similar to the 1987 crash. Many were unprepared, both in terms of portfolio balance and mental fortitude, to weather such a rollercoaster ride.

It is on rare occasions like these that having an investment counsel firm in your corner can make all the difference to your success. Like a coach in the ring, the right advisor can protect you from emotionally-driven decisions.

If you would like to speak to a seasoned member of the investment team at my family-run investment counsel firm, Richard C. Young & Co., Ltd., please click here to request a free, no-obligation portfolio review.

Originally posted on Young’s World Money Forecast. 

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • John Bolton Never Belonged Near the White House
  • Noble House
  • Eden House
  • 9/11: Never Forget
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • KRISTALLNACHT: How Well Intentioned Gun Registries Become Tools of Evil - May 27, 2022
  • Americans Are Abandoning ESPN and Woke Professional Sports Leagues - May 26, 2022
  • Harvard Professor Calls Homeschooling a “Threat to Society” - May 24, 2022

Dick Young’s Must Reads

  • U.S. Survival AR-7
  • Your Odds with Statins: 500 to 1?
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • Why Some Kids Won’t Go Back to School, Ever
  • What a Way to Make a Living: New Hampshire #1
  • Your Cash Swept into Your Broker’s Bank Account!
  • The Common Ground of Democracy is Sinking Beneath Americans’ Feet
  • “The Losses are Taking a Toll on Their Health”
  • Boom—Your Life Changes
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes

Our Most Popular Posts

  • Jean-Pierre: Economy "Not Something that We Keep an Eye on Every Day"
  • Consequences of Biden Killing the Keystone Pipeline
  • Harvard Professor Calls Homeschooling a "Threat to Society"
  • PRIMARIES: Trump Endorsed Candidates’ HUGE Night
  • PARTY'S OVER JOE: Republicans Crush Democrats in Local Elections
  • Are You Suffering from One of These Nutrient Deficiencies?
  • Our Daily Bread Threatened?
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • President Joe Biden’s Good Question
  • BUY THE DIPS? Can You Catch a Ginsu Knife?

Disclosure

RSS Youngresearch.com

  • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
  • If You Have a Plan, I Believe You’ll Get to Where You Want to Go
  • There Are Tech Companies “Still Dreaming of Boundless Growth”
  • Nowadays, Everyone Is Getting Some Dividend Religion
  • How Can the Fed Prevent Stagflation?
  • How to Avoid the Restrictions of a Target Date Fund
  • Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share
  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading
  • Job Market Survival Advice for Graduates and for Those YOU Love

KRISTALLNACHT: How Well Intentioned Gun Registries Become Tools of Evil

Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”

Is America About to Lose Its Investments in Colombia?

POWER MOVE? Did Viktor Orban Just Seize Control of Hungary?

Americans Are Abandoning ESPN and Woke Professional Sports Leagues

If You Have a Plan, I Believe You’ll Get to Where You Want to Go

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives