Tony Robbins: More Chatter on Index Funds & Mutual Funds

“But how do you pick the right funds? There are certainly enough to choose from. As we mentioned earlier, there are about 9,500 mutual funds in America—more than double the number of publicly traded US companies! So it’s safe to say the mutual fund market is a tad saturated. Why do so many companies want to be in this business? Yup, you got it: because it’s fabulously lucrative!
The trouble is, it tends to be much more lucrative for Wall Street than for actual customers like you and me. Don’t get me wrong. I’m not suggesting that the industry is consciously out to screw us. I’m not suggesting that this is a business full of crooks or charlatans! On the contrary, the majority of financial professionals are intelligent, hardworking, and thoughtful. But Wall Street has evolved into an ecosystem that exists first and foremost to make money for itself. It’s not an evil industry made up of evil individuals. It’s made up of corporations whose purpose is to maximize profits for their shareholders. That’s their job.”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks. https://itunes.apple.com/us/book/unshakeable/id1146849403?mt=11

Scary, isn’t it? Was asked a question recently about “how can we take a leap of faith when we live in such an uncertain world?” It’s an excellent question.  If you look at the Crypto markets right now, we’re heading for a some really nasty times — maybe? Some of the investors are still amazingly optimistic, but I’m still a bit terrified about it.

That’s when we get into Index Funds…and the reassurance in this chapter glistened my eyes.

Index funds take a “passive” approach that eliminates almost all trading activity. Instead of trading in and out of the market, they simply buy and hold every stock in an index such as the S&P 500. This includes companies like Apple, Alphabet, Microsoft, ExxonMobil, and Johnson & Johnson—currently the five biggest stocks in the S&P 500. Index funds are almost entirely on autopilot: they make very few trades, so their transaction costs and tax bills are incredibly low. They also save a fortune on other expenses. For one thing, they don’t have to pay enormous salaries to all those active fund managers and their teams of analysts with Ivy League degrees!” – Tony Robbins

“When you own an index fund, you’re also protected against all the downright dumb, mildly misguided, or merely unlucky decisions that active fund managers are liable to make. For example, an active manager is likely to keep a portion of the fund’s assets in cash, ready to invest if an enticing opportunity arises—or ready to meet redemption requests if lots of investors decide to sell their shares in the fund. Keeping some cash on hand isn’t a bad idea, and it’s handy when the market falls. But cash doesn’t earn a return, so it will underperform stocks over time, assuming that the market continues its general upward trajectory. Ultimately the resulting “cash drag” tends to have a negative impact on the returns of actively managed funds.
What about index funds? Instead of sitting on cash, they remain almost fully invested at all times.”

 

Is A Four-Year Degree Worth It? What’s Education?

First, it was a couple of comments on Gary Vee’s Linkedin, stating that Gary Vee was going over-the-top in terms of his comments about reading books.  He said, “reading is ridiculous.  Stop reading and more action.”

Reading changed my life completely.  I went from being just a color, to being an inspirational figure.  If we dig deep into the context of what’s in books, some of the greatest secrets are revealed.  I had no idea about what Personal Development was before 2016.  After one day and searching a library, where I am now is just remarkable.

So, everyone is entitled to their own opinion, but reading, or at least listening to audios, is absolutely essential in growth.  And as a human being, we’re insatiable about growing.

However, we need to shift focus and look at what’s happening from an educational standpoint.

What is education?

Is it your mom saying, “go to school and get a good education! You’ll be successful if you go to university!”  Yeah, 100k in debt and no job offers with your obsolete ass degree.  What am I suppose to tell my daughter and son, if I have one, when they get older? I’ll have to tell them the truth.

Everyone isn’t built to become an entrepreneur because most people can’t take repetitive punches to the face, A.K.A Faiure, but we know working a job is the worst way to earn money…and that’s what education is breeding.

So, here’s my two cents in the podcast down below.

https://www.spreaker.com/user/thearseniobuckshow/is-a-four-year-degree-worth-it-what-is-e

The Myth of Hardwork Is Bullshit

Gary Vee said “every time I hear passive income, I throw up in my mouth.”

Grand Cardone says, “success is HARDWORK!”

Valuetainment’s Patrick Bet-David used a video of him walking out of a big house before going into a lambo to attract fools into watching his content.

I see and hear so many things all the time.  It’s hard to really accept one’s opinion on such a controversial topic, but I’ll have to side with MindValley’s Vishen Lakhiana on this one.

It’s a bullshit myth.

If you look at the labor workers from Dubai, to child slavery across Africa, crop growers in both Thailand and Mexico, and we can go on and on and on.  These are the hardest working folks, yet they make the least amount of money.

Bob Proctor said, “you know working is the worst way you can earn money.”

People have been working their ass off for ages.  You have Chinese who are severely underpaid working in slave factories in China — brought to you by Apple and Nike.

You have Americans working dead-end jobs at clothing stores, wal-mart, and other minimum wage retailers.

All of these people, to a certain extent, work remarkably hard for…..nothing.

Podcast

Tony Robbins: Goldman Sachs + What To Do Next: Hidden Fees and Halfway Truths

Foreword about Goldman Sachs – By Jiun Ting Yong

Do you know what is Goldman Sachs? A very well – known investment bank in Manhattan, Wall Street in New York, the USA. An investment bank that was well – known for their job in analysing economics and financial markets for investors and potential investors to invest their money in the stock markets, bonds and emerging markets. They are so good with their jobs in underwriting bonds for potential investors to buy their clients’ bonds and some even involved government backed bond funds. Goldman Sachs started back in the 19th century by Marcus Goldman where he was joined by his son – in – law Marcus Sachs that became today well – known name.

As a typical investment bank normally they underwrite bonds and writing financial reports for investors who are looking at doubling their assets; mostly would read their report to make themselves rich. However, some of their trade can be very controversial. Remember the 2008 Global Recession which was the cause of excessive spending through mortgages where the middle class signed  mortgage deals with low – level interest rates?  Be careful — it isn’t that a huge sums — but if you were unable to serve the interest, then you needed to pay for ‘additional interest’ known as the penalty. That’s the root of all problems when you are unable to serve your loan, the investment bank and commercial bank would just forfeit your home by repossessing it, except for the Obama piece of legislation that managed to fight against these huge sums of forfeiture where people lost their home.

Yikes! So now you guys got the rundown of what Goldman Sachs is about, unfortunately.  I saw it recently in a movie where an ego-maniacal character played a banker from Goldman, rudely telling commuters to get away from him and demeaning the lower-middle class individuals on this train.

I then did some research and it says that Goldman is the main reason to why the financial crisis happened to begin with.

So, when I started reading about all this, I got even more scared about investing because that particular individual worked for Goldman, who’s a banker/investor, who handles our money and looks to make themselves rich by hitting us with massive penalties.

“I often ask people “What are you investing for?” I get a variety of answers: from “high returns,” to “financial security,” to “retirement,” to “a beach house in Hawaii.” But before long, nearly everyone’s answers begin to rhyme. What most people really want, regardless of how much money they have today, is freedom. Freedom to do more of what they want, whenever they want, with whomever they want. It’s a beautiful dream, and an achievable one. But how can you sail off into the sunset if your boat has a hole in it? What if it’s slowly but surely taking on so much water that it’ll sink long before it reaches its destination?”

“I hate to tell you this, but most people are in exactly this position. They don’t realize that they’re doomed to disappointment because of the gradual—but ultimately devastating—impact of excessive fees on their financial well-being. What kills me is that they have no idea this is even happening to them. They have no idea that they are victims of a financial industry that is surreptitiously but systematically overcharging them.
Don’t just take my word for it. The nonprofit organization AARP published a report in which it found that 71% of Americans believe that they pay no fees at all to have a 401(k) plan. That’s right: 7 out of 10 people are entirely unaware that they’re even being charged a fee! This is the equivalent of believing that fast food contains no calories. Meanwhile, 92% admit that they have no idea how much they’re actually paying. In other words, they’re blindly trusting the financial industry to look out for their best interests! Yup, that’s the very same industry that brought about the global financial crisis! You might as well just hand over your wallet and the password to your debit card.”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks. https://itunes.apple.com/us/book/unshakeable/id1146849403?mt=11

Since this is going to be a hell of a long story, I do suggest that all of you tune into the podcast down below.

 

Tony Robbins: Unshakeable – Financial Freedom Facts: 1 & 2 + Story of Refugee

We’re back at it with finance!

Freedom Fact 1

“Have you ever listened to the pundits on CNBC or MSNBC talking about the stock market? Isn’t it amazing how dramatic they can make it sound? They love talking about volatility and turmoil because fear draws you into their programming.”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks.

OH! The nail on the head! Of course! We call these people “fear mongers.”  All news anchors and outlets are the bottom of the barrel.  They’re the bain of all human existence.  This could be the Trump-North Korean war, or the fear of global warming, rising sea levels, and volcanic eruptions.  It draws silly ass people into their programs who end up pumping out that negativity to the rest of the world.

Yes, this is a bit off track, but it is the truth.

How about that foolish ass anchor (forgot his name) who kept saying, “Tesla is a cold stock!”  He was so anti-tesla, as so many other people were, but they all ended up eating their words.

How about Warren Buffet and the other supposed “billionaires” who berate bitcoin and other crypto because they don’t know what technology is?

The upcoming stock market crashes and what’s “happening” in the world is to draw your attention.  That’s all!

“Instead of getting distracted by all this noise, it helps to focus on a few key facts that truly matter. For example, on average, there’s been a market correction every year since 1900. When I first heard this, I was floored. Just think about it: if you’re 50 years old today and have a life expectancy of 85, you can expect to live through another 35 corrections. To put it another way, you’ll experience the same number of corrections as birthdays!
Why does this matter? Because it shows you that corrections are just a routine part of the game. Instead of living in fear of them, you and I have to accept them as regular occurrences—like spring, summer, fall, and winter. And you know what else? Historically, the average correction has lasted only 54 days—less than two months! In other words, most corrections are over almost before you know it. Not that scary, right?”

“Still, when you’re in the midst of a correction, you might find yourself becoming emotional and wanting to sell because you’re anxious to avert the possibility of more pain. You’re certainly not alone. These widespread emotions create a crisis mentality. But it’s important to note that, in the average correction over the last 100 years, the market has fallen only 13.5%. From 1980 through the end of 2015, the average drop was 14.2%.
It can feel pretty uncomfortable when your assets are taking that kind of a hit—and the uncertainty leads many people to make big mistakes. But here’s what you have to remember: if you hold tight, it’s highly likely that the storm will soon pass.”

 

Freedom Fact 2: Less Than 20% of All Corrections Turn Into a Bear Market

 

“When the market starts tumbling—especially when it’s down more than 10%—many people hit their pain threshold and start to sell because they’re scared that this drop could turn into a death spiral. Aren’t they just being sensible and prudent? Actually, not so much. It turns out that fewer than one in five corrections escalate to the point where they become a bear market. To put it another way, 80% of corrections don’t turn into bear markets.
If you panic and move into cash during a correction, you may well be doing so right before the market rebounds. Once you understand that the vast majority of corrections aren’t that bad, it’s easier to keep calm and resist the temptation to hit the eject button at the first sign of turbulence.”

Story of Refugee

I was sitting comfortably on the BTS skytrain in the heart of Bangkok, waiting for my stop to come so I can go about my day.  I looked up and I saw a lady walk past me with a smile on her face.  Opposite of me was an entire row of empty seats, but she decided to sit next to me.  I said, “oh boy.  Here we go! Arsenio, you attracted another one!”  She then started speaking to me, and of course, she asked me for food and money.

Her story was that she was laid off as a teacher while working as a refugee and her children are in school.  Sounds like a fabricated story, right? If you’re an undocumented refugee, there’s no way you can get into the country.  On top of that, your “children” are also undocumented.  So, how are they at school? Why are you on public transportation asking for money? One being because that’s dangerous for you — given the fact that immigration can ultimately find you and throw you in immigration jail for the rest of your life (and that’s all seriousness because that’s what they do in Thailand).

You mean to tell me your system is so broken that you have been reduced to begging for money on trains? In all realness, it looks like she was eating quite well.  Refugees are often emaciated. She seemed perfectly fine….so which brings to me that not only she’s a scammer, but she’s lost her will to survive and be the lioness for her children.

 

Tony Robbins: Chapter 2 – Winter Is Coming…..But When?

What makes a person powerful?

What creates power in your own life?

These were the first two questions of Chapter 2, and sadly, I believe the wealth is power…although it shouldn’t be.  If we look into the deeply entrenched roots of Thailand, everything revolves around money and power.  The super wealthy get away with killing, literally, and they can just walk up and down the streets like nothing ever happened.

If we can go back to the ages when human beings and sabretooth tigers coexisted, how could we survive against these predators whose canines were longer than our femur? We were ferocious predators and we can get through some of the coldest winters EVER in human history.  But gradually we’ve been able to utilize and extrapolate.

We’ve recognized pattern recognition.  According to a lot of articles online, we can predict the world population for the next several years.

Now let’s move on to why this pertains to money and achieving financial success.

“Once you recognize the patterns in the financial markets, you can adapt to them, utilize them, and profit from them.” – Tony Robbins

The most powerful way to build wealth is by COMPOUNDING!

“Let’s illustrate the tremendous impact of compounding with just one simple but mind-blowing example. Two friends, Joe and Bob, decide to invest $300 a month. Joe gets started at age 19, keeps going for eight years, and then stops adding to this pot at age 27. In all, he’s saved a total of $28,800.
Joe’s money then compounds at a rate of 10% a year (which is roughly the historic return of the US stock market over the last century). By the time he retires at 65, how much does he have? The answer: $1,863,287. In other words, that modest investment of $28,800 has grown to nearly two million bucks! Pretty stunning, huh?
His friend Bob gets off to a slower start. He begins investing exactly the same amount—$300 a month—but doesn’t get started until age 27. Still, he’s a disciplined guy, and he keeps investing $300 every month until he’s 65—a period of 39 years. His money also compounds at 10% a year. The result? When he retires at 65, he’s sitting on a nest egg of $1,589,733. Let’s think about this for a moment. Bob invested a total of $140,000, almost five times more than the $28,800 that Joe invested. Yet Joe has ended up with an extra $273,554. That’s right: Joe ends up richer than Bob, despite the fact that he never invested a dime after the age of 27!
What explains Joe’s incredible success? Simple. By starting earlier, the compound interest he earns on his investment adds more value to his account than he could ever add on his own. By the time he reaches age 53, the compound interest on his account adds over $60,000 per year to his balance. By the time he’s 60, his account is growing by more than $100,000 per year! All without adding another dime. Bob’s total return on the money he invested is 1,032%, whereas Joe’s return is a spectacular 6,370%.
Now let’s imagine for a moment that Joe didn’t stop investing at age 27. Instead, like Bob, he kept adding $300 a month until he was 65. The result: he ends up with a nest egg of $3,453,020! In other words, he has $1.86 million more than Bob because he started investing 8 years earlier.”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks. https://itunes.apple.com/us/book/unshakeable/id1146849403?mt=11

Here’s my problem.  Tony doesn’t specific that if this is a mutual fund or index fund though? This all sounds so enticing, but does this work in every country? Maybe the answer will lie somewhere in this book, or maybe it won’t. This is what I’m trying to breakdown.

Tony Robbins: Understanding Compounding & Your Financial Question

One smart thing Warren Buffet has said, “indexing is the smartest strategy for both you and me” (referring to Tony Robbins and the average, everyday human being).

“Dalbar revealed the gigantic discrepancy between the market’s returns and the returns that people actually achieve. For instance, the S&P 500 returned an average of 10.28% a year from 1985 to 2015. At this rate, your money doubles every seven years. Thanks to the power of compounding, you’d have made a killing just by owning an index fund that tracked the S&P 500 over those 30 years. Let’s say you’d invested $50,000 in 1985. How much would it have been worth by 2015? The answer: $941,613.61. That’s right. Almost a million bucks!”

But while the market returned 10.28% per year, Dalbar found that the average investor made only 3.66% a year over those three decades! At that rate, your money doubles only every 20 years. The result? Instead of that million-dollar windfall, you ended up with only $146,996.
What explains this massive performance gap? In part, it’s the disastrous effect of excessive management fees, outrageous brokerage commissions, and other hidden costs that we’ll discuss in chapter 3. These expenses are a constant drain on your returns—the equivalent of a merciless vampire sucking your blood each night while you’re asleep.”

When everything hit in 2008, most people probably withdrew all of their stocks, only to see that the next year was a monumental rebound.

But even saying everything above, what are you really after?

Is it really money you’re chasing or is it the feelings you think money can create?

“Many of us believe—or fantasize—that money will bring us to a point where we finally feel free, secure, excited, empowered, alive, and joyful. But the truth is, you can achieve that beautiful state right now, regardless of your level of material wealth. So why wait to be happy?” – Tony Robbins

He made an excellent point here.  Feeling free and secured is one of the best joys in life.  Yes, looking at my bank account I feel very secured at the moment, but I know this month is a potential rainy one.  However, I’ve already gotten myself a new place of work with other side jobs coming up, so I’m frankly secured.

However, is this longevity? No.  This is the NOW…and this is why more than 7 billion people on planet earth (and possibly more) are failing because we’re too worried about the now.

Even with the fools who buy expensive cars in traffic-induced cities.  Why buy a Lambo? A Ferrari? A Bentley? What’s the point of it? Like when I start making millions, will I buy one? Absolutely NOT! They’re a hassle to take care of and I don’t need to prove ANYONE wrong in this country.  I’m certainly not trying to impress anyone here and I’d much rather keep a super low-profile.

So, just ask yourself this question. Please.

Podcast

 

 

Tony Robbins: Money – The Road Ahead & The Complexity of Stocks

“There are more than 40,000 stocks to choose from in the world today, including 3,700 on various US stock exchanges. By the end of 2015, there were more than 9,500 mutual funds in America alone, which means there are far more funds here than stocks! How ridiculous is that? Add to that nearly 1,600 exchange-traded funds, and you’re faced with so many different investment choices that your head starts to spin. Can you imagine standing at an ice-cream counter and having to choose from 50,000 flavors?”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks.

Hmmmm, now you guys understand why I was so apprehensive and defensive in talking about Warren Buffet on my last blog.  You get it now, don’t you?

Have you ever been entangled in a menus madness before? I’m talking about going to a restaurant and seeing such an extensive menu that drives you insane? You want to pick something off page 3, 5, and 32.  Simplification is where it’s at, and there’s no simplifying when it comes to WallStreet.

So basically you get a lot of these financial managers who try throwing money down at specific times while saying, “we’ll beat the market.”  Most mutual funds charge high fees but have poor investing capabilities.  So what happens? 96% of them fail to beat the market and you end up overpaying for under-performance. It’s like paying for a Porsche and you end up driving home in a damn wagon.

Nonetheless, let’s break down these different types of funds.

“HEDGE FUNDS VS. MUTUAL FUNDS VS. INDEX FUNDS

For those unfamiliar, a hedge fund is a private fund available only to high-net-worth investors. The managers have complete flexibility to bet on both directions of the market (up or down). They charge hefty management fees (typically 2%) and share in the profits (typically 20% of profits go to the manager). A mutual fund is a public fund available to anyone. In most cases, they are actively managed by a team who assembles a portfolio of stocks, bonds, or other assets and continually trades their holdings in hopes to beat the “market.” An index fund is also a public fund but requires no “active” managers. The fund simply owns all the stocks in the index (for example, they would own all 500 stocks in the S&P 500 index).”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks.

In other words, we’re going after index funds.

It’s like the saying goes, guys.  “When a person with experience meets a person with money, the person with experience ends up with the money; and the person with money ends up with an experience.” We’ll show you how to navigate this game so you’ll never get taken again.” – Tony Robbins

Podcast

Warren Buffet On Crypto: Is He Scared?

So, since Crypto started making waves and I started reading a little bit more of Tony Robbins again, I’m getting really scared about why there’s such a huge divide between the Gen B’s and the newer generations.

After 2008, who trusts the banks? I mean the value on people’s homes was reduced by 80%.  On top of that, 401K’s (also known to be in the stock markets), were completely wiped out.  Could you imagine being 60-years-old and seeing your 401K go right down the drain? Did anyone claim reliability? Absolutely not.

So, this is why I continue to have my doubts because there isn’t any straightforward information in terms of saving long-term.  It’s scary.  Thailand’s last crash was back in 97/98, resulting in quite a few suicides across Eastern and Southeast Asia.

How can we protect ourselves from crashes? I mean I ask myself the most basic question, “if 401k’s get wiped clean every 8-12 years, what’s the point?”

Honestly, would love to hear someone’s opinion.

And this is what brings me to Cryptocurrency.  Sure, it’s a massive fluctuation, but with blockchain on the verge of changing the way we view money, it seems like regular currency will be a thing of the past by the late century.

You know what I really want to point out….how come is it that the “over 60’s” keep so much information from one another?  Here’s a question, show me a blog or a book that Warren Buffet, Ray Dalio or any of those Wallstreet fools (I say that lightly, too) wrote and talked about how to invest.

I’m waiting….

See, that’s the problem right there.  Am I blaming the WWII, Korean War, Vietnam War eras for this? Well, kinda…in a sense that Americans, and the world in general, had a completely different mindset on life back in those days.  Do you think they want to change now? HELL NO!!! This is why racism has been perpetuated for so long because the Gen B’s rub off on the Gen Z….so the only way an anglo kid from Norman, Oklahoma won’t be a racist is if he moves to a culturally diverse city.

That’s a FACT.

But anyways…let’s break this down.

“If you buy something like a farm, an apartment house, or an interest in a business… You can do that on a private basis… And it’s a perfectly satisfactory investment,” he said. “You look at the investment itself to deliver the return to you. Now, if you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more.” – Warren Buffet

Ok, so how do the markets return on us without being penalized? How about the hidden fees that these “trust funds” inadvertently put in so that financial managers can dig deep into the “potential savings” of the others?

“In terms of cryptocurrencies, generally, I can almost say with certainty that they will come to a bad ending,” Buffet said. He went on to say he’d bet on “every one of the cryptocurrencies” falling over the next five years. “But, I would never short a dime’s worth,” he added. – Warren Buffet

Like the DOTCOM crash? Ok, some people would blame banks or housing.

How about 2008?  Oh, let’s blame the banks.

Great depression? Let’s blame the banks.

How come Warren doesn’t sit down with the world and teach them out to invest? This is what really drives me up the wall.

“There’s a real bubble in that sort of thing,” – Warren Buffet

Like…ummm, 2000-2008? That bubble? The bubble that bursted?

See, just like most over 50’s, this is a many that points fingers, critcizes, and gives no definitive follow-ups.

He should perhaps rephrase himself and say, “ok, guys.  Crypto is this………and this is what’s going to happen.  However, I believe if you put your money here in these indexes, it will accumulate this much over a 10-year period.”

The thing is….he doesn’t do that.

And that’s why I can NEVER trust anyone from that era.  There’s just too many hidden things and beating around the bush.

 

 

Tony Robbins: Wealth – The Rule Book

“What would it feel like to know in your mind, in your heart, and in the very depth of your soul that you’ll always be prosperous? To know with absolute certainty that no matter what happens in the economy, stock market, or real estate, you’ll have financial security for the rest of your life? To know that you’ll possess an abundance that will enable you not only to take care of your family’s needs but also to delight in the joy of helping others?”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks. https://itunes.apple.com/us/book/unshakeable/id1146849403?mt=11

I want you to really sit down and think this through.  Think about all the questions above….a deep place within.  Ask yourself, “how would I feel if I was completely and utterly financially independent?”

“But the truth is, we’re still living in a crazy world. All these years later, central bankers are still fighting an epic battle to revive economic growth. They’re still experimenting with radical policies that we’ve never seen in the entire history of the global economy.
You think I’m exaggerating? Well, think again. First-world countries such as Switzerland, Sweden, Germany, Denmark, and Japan now have “negative” interest rates. You know how insane that is? The whole purpose of the banking system is for you to make a profit by loaning money to banks, so they can lend it out to others. But people around the world now have to pay banks to accept their hard-earned savings. The Wall Street Journal wanted to discover when the world last experienced a period of negative yields. So the newspaper called an economic historian. You know what he told them? It’s the first time this has happened in 5,000 years of banking history.
That’s how far we’ve come from living in a normal world: borrowers get paid to borrow, and savers get punished for saving. In this upside-down environment, “safe” investments such as high-quality bonds offer such terrible returns that you wonder if someone’s having a laugh at your expense. I recently learned that the finance arm of Toyota had issued a three-year bond that yields just 0.001%. At that rate, it would take you 69,300 years to double your money!” – Tony Robbins

The best part about the uncertainty is the opportunity.  A lot of people are wondering if the “end” is “near,” but I believe that’s the window of opportunity.  Also, the goal is not for you to predict the future about money.  This stems back to the circle of concern vs. the circle of influence.  Control what you can and don’t worry about what you can’t control.

Podcast