Buy and Hold Is Dead: How to Make Money and Control Risk in Any Market

Chapter 12. Personal Balance Sheet

In the preceding chapters I attempted to dispel widespread misconceptions, deeply rooted idealism, and in many cases doubts about the stock market, financial institutions, and our global economy. In doing so, important steps had to be taken. The most important step is emotional conditioning. The only way we can move forward productively within a proactive model is to be able to react to timing signals, and that requires a stranglehold, of sorts, on emotional burdens. These and other subtle suggestions were critical to moving forward. Now we are freer to progress. The chapters that follow will transition the conditioning that took place in prior chapters and offer tools that will allow us to achieve our goal. These additional tools will build upon the first two tools we have already introduced.

However, lingering concerns almost surely still exist. The preceding chapters did not cover all bases, although we covered the general concerns well. Admittedly, the suggestions, revelations, and conflict offered in previous chapters do not detail the spectrum of burden that might otherwise prevent would-be investors from reacting appropriately. Everyone has unique circumstances within this broad array, and those may or may not restrict their decision-making process. Therefore, everyone needs to evaluate his or her own unique conditions carefully to determine the potential hazards that might pre-exist within his or her individual approach. Sometimes we may ...