😥 how to not freak out about the market

Published 29 days ago • 1 min read

Good day to you Reader,

Yesterday, President Trump enacted tariffs on China, Canada, and Mexico. And the stock market fell, then recovered a little, then fell back...

This gave media a lot to talk about (which they love, because that's how you sell ads) but if you're a long term investor, you know this too shall pass.

The most important skill in investing is to learn how to manage your emotions and stay the course.

Easier said than done... but in the first post below, I share what I do.

(View this email as a webpage)

🔴 How to not freak out

When the stock market drops, it's easy to react emotionally.

This is especially true when it's because of an unexpected event or is surrounded with uncertainty (like the pandemic).

It's a little easier when you know it's cause (tariffs, which may get rescinded)... but ultimately you want to be able to calm your nerves.

Here's how I do it:

👉 Bury your money in "time capsules"

📦 Bundling is saving

If you're paying for streaming services individually, you're likely overpaying.

Ironically (at least to cable companies), a lot of them now come in bundles:

👉 If you aren't bundling, you're probably overpaying

💻 Get a share of Nvidia stock

I'm taking a look at a new (to me) brokerage service, they're offering a share of Nvidia stock when you open an account and deposit at least $1,000.

If you deposit more, they give you up to 5 shares of various stocks.

👉 Learn more at TradeUp

What did you think of today's email?
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite

Take care!

Jim

PS. Here's a fun article in The New Atlantis called "We Live Like Royalty and Don't Know It." It reminded me of the airplane wi-fi joke by Louis C.K.

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