from Kerry Lutz's Financial Survival Network
Dan Ferris uses a classic value-investing philosophy to help you make some of the biggest, safest returns you’ll ever find in the stock market. It’s a dangerous time to be a novice investor at this particular time. Just look at GameStop. The stock had $3 and got to nearly $500. The triggered short squeeze was legendary. Never mistake a bull market for genius. Just because you got lucky doesn’t mean you’ll keep repeating the process. No one really knows what the top is. It’s a process. Bottoms are an event. The signs are all. SPAC’s are another sign of topping. Most of these deals are garbage, Dan urges caution. There’s nothing new under the sun. It’s all about valuation and cash flow and eventually prices go too far and comes back to earth. Innovation disruptors can be profitable, but they can be very dangerous. Avoid irrational exuberance at all costs.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3syUbuW
