“But you were always a good man of business, Jacob,” faltered Scrooge, who now began to apply himself.
“Business!” cried the Ghost, wringing its hands again. “Mankind was my business. The common welfare was my business; charity, mercy, forbearance, benevolence, were all my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!” (Charles Dickens)
Capital Loss vs. Charitable Giving
“Never risk more than you care to lose” is common advice in this business. Such reasoning can be equally applied to an asset class unavailable for purchase on Wall Street. It is the one Jacob Marley emphatically endorses. Charitable goods are individual contributions to the common good. A few forms of charitable giving include helping a stranger, contributing time to a worthy cause, sharing expert insight, and giving away cash to those in need. As such, this investment class is a divestiture class of good gifts.
What is the difference between a capital loss and voluntary loss of capital to charity? I have heard it put this way: “Losses are losses, but gifts are losses with a silver lining.” Both losses have defined amounts, but only one is 100% certain, and guaranteed to fill your emotional cup, and that is the latter.
Choosing Your Charitable Organization
According to the Charities Aid Foundation, America is home to the world’s most generous private givers. Americans donate over $200 billion to charity each year–more than 1 percent of our GDP. This generosity is consistent among all types of investors because the percentage holds strong across all income levels, races, religions, ethnicities, and education levels. Here are the findings for 2020.
Judiciousness in distributing to a charity is as personal as risk tolerance. Damon Davis favors giving to the local Food Bank and is encouraging others this year just as he has in years past. David Johnson is a generous soul that is not afraid to discuss who qualifies for his giving. “I believe in giving to charitable organizations, and market makers don’t qualify.” Choosing a charitable organization for your “no strings attached” contribution, can be more daunting than picking a good cryptocurrency. NGO’s are serious business and a new realm of inquiry for many who are growing wealth at Jade Bronco.
Owning Charitable Companies
We have seen and experienced the wealth that grows under the practiced hand of the skillful trader and investor. Therefore, we can assert that one can learn how best to optimize personal good will and the ability to give skillfully.
What if you could do both? What if you could give to charity and own companies that give to charity. Well, you can. Charitable investment funds and annuities have been around since the early nineties. Many Analysts insist on seeing corporate charitable contributions above a certain threshold as a part of their criteria for getting a strong buy rating. You can do so too. Here is a link to a list of the most charitable for-profit companies.
Change For The Better
Frank Priest once confided, “money changes peoples’ DNA.” Implicit in that statement is the sentiment that greed can make you do the wrong thing. The reverse also holds true. If you give some of your money away, that can also change your DNA. Only this time, it will change you for the better. Generosity is the antivenom of greed. As such, it can be suggested as a possible cure for irrational investing.
Of the great men I know, money is no obstacle. Because of their generosity of spirit, money is not hoarded, but directed. They are wise enough to bring in the wealth, and wise enough to choose appropriate charities. There is much thought in both, especially at this time of the year.
Below is a Jade Bronco diagram I like to use regularly. It is based on real numbers and shows a historical timeline of the market, demonstrating the direction of the market from early in the last century to today. Just imagine how much your portfolio would have grown over just the past few decades, even during the market’s “consolidation” periods.
As I speak with friends, family and potential students about what we do as a coaching company, I see that many people like to compare trading in the market to going to Las Vegas and putting all your money on red at the closest craps table. And the one thing that everyone admits to me is that they just don’t have the knowledge and skill set to make money in the market.
The Skills You Need To Be A Successful Trader
Look, success as a trader (and I am talking about a high success rate), is a skill set and it requires the development of a certain kind of muscle memory, if you will. What if I told you that trading can be as simple as putting a round peg in a round hole? And what if I told you that there is even a “hack” to becoming a highly successful trader in the market?
Well, let me introduce you to Candlestick Charting! Candlestick charts are thought to have originated in 18th century Japan and used in trading rice. And how were introduced to the Western world in the seventies by Steve Nison in his book Japanese Candlestick Charting Techniques.
This picture below shows a basic trading chart. You’ve probably seen them before. They show the daily movement of the price of a stock with longer-term views in “candlesticks.” Typically, red candles show a price drop and green ones indicate an increase.
Price patterns are nothing more than formations created by the changes in the price of a stock. And once you begin to learn the art of candlestick charting, patterns will begin to pop out at you. Learning to read these patterns is at the foundation of what we call “technical analysis.” Here is the “hack” that I mentioned above, and the key to becoming a highly successful trader in the market.
Predictive Power of Price Patterns Hack To Trading
It’s called the Predictive Power of Price Patterns. It’s easy to remember and it’s the key to learning how to determine the right stocks to either invest in or trade. You can become an expert in technical analysis just by learning what a pattern is telling you about the direction it will go in the future, with a very high probability of success.
Price movement creates many patterns, but there are some specific ones that we trade on in our daily Jade Bronco trading group. The patterns in the diagram below indicate the strongest key patterns – trending, reversal breakouts and continuation patterns – that we are always on the hunt for.
Look, making money in the market is not as difficult as some news agencies and market pundits like to make it look. With more and more of us staying at home, working from home and more time on our hands, and with right now being one of the hottest markets in history…. Now is the time to learn how to become a highly successful investor.
Your Best Best At Trading Successfully
But, please take my advice. Find a successful and seasoned coach to take you under their wing. Better yet, find that coach and become part of a community of highly successful traders who work daily together to find the best trades and invest together.
Remember, round peg in a round hole.
And it makes sense to me because I speak with people all day long who are not only concerned about their physical, emotional and social wellbeing right now, but because most of us are not able or allowed to work from home, they have become worried about their financial health as well.
How Covid-19 Has Changed The Way We’ve Invested This Year
Statistically, year over year, only 47% of Americans are invested or trade in the market. And that includes traditional financial instruments like 401K’s and IRA’s. But I think that may be changing with health concerns and the mandate for all of us to stay home as much as possible and “slow the curve”, stay home, stay well and stay safe.
Since this pandemic broke out earlier this year, millions of people across the nation want to learn how to quickly become a successful trader and investor in the market. I saw recently where one of the online trading platforms recently boasted an increase in its client base from 10,000,000 to 13,000,000 in the first four months of the year.
You Can Still Be Successful At Trading No Matter What
So many people want to trade in the market, like, right now. But the lack of knowledge and expertise, practice and especially the support to learn the skill set of a successful trader, most outcomes have been grim to say the least.
Here’s some good advice published recently in The World Financial Review (that also just happens to mention Jade Bronco). There is some sound wisdom here for everyone who wants to invest.
- Don’t trade aimlessly based on feelings or emotions.
- Learn and stick to a technique that best suits your finances.
- Always learn from the right people with the right experience.
- Learn to analyze charting patterns and use repeatable methods of success.
- To become a successful investor, learn from those who have a history of success as investors.
- Verify the actual trading performance of any coach, program or advisor. This is the path to success as a trader.
So how can you get started? Where do you go? It’s not just a drop in the hat. To be continued…
Everyone knows you can make money in the stock market. But did you know that the market is the number one way to invest your money?
This is not your grandpa’s stock market. “Buy and hold” (and bequeath) was replaced with “Buy low, Sell high,” which few investment professionals get right, even when the assortment of assets classes from Real Estate to Digital Crypto-coins have exploded onto the scene. This is a brave new market, and still the best place to invest and make money, period. But knowing how to make good trades is a skill. Most people wish to learn this skill, but don’t know where to start.
Most people take the low road of allowing someone else to manage their money. The money usually ends up in an underperforming mutual fund or over-diversified set of ETF’s, or worse yet, some cock-eyed configuration of “funds” underwritten by insurance companies that suck the performance and profits out of your investment and include a guarantee of that very, very low performance (annuities).
Friends, think about the purpose of the stock market. Ownership shares of companies that have the promise of earning power, price appreciation and dividends are OFFERED TO YOU to keep or sell in a public marketplace. Life, liberty, and the pursuit of property (shares of companies, in this case) are precious rights. The notion that only financial professionals belong in the marketplace is historically and fundamentally…
There are really only two things that separate successful traders from everyone else—knowledge and experience.
So what’s the problem?
The average trader can probably execute a buy and hold trade. They just don’t know where to look for winning trades consistently.
There are thousands of “stock market gurus” out there who claim to know the secret to successful trading—but most of these “experts” have no idea how to turn their students into real winners.
90% of first-time traders will quit after their first loss. Instead, they’ll let other people manage their investment money—with zero accountability when things go wrong.
But what if we told you that there’s nothing mystical about the stock market?
What if instead of learning some “secret” or “hack” to beat the market, all you have to do is learn to recognize patterns? What if the secret to success meant becoming part of a community of truly successful traders, and gaining the expertise and confidence to pull the trigger on your next trade?
That’s where we come in.
The solution? Jade Bronco’s Into the Close.
Into the Close isn’t a hyped-up marketing scheme—it’s a community of successful stock market traders who are here to help you identify the best stocks and ETFs on a daily basis.
Spend just an hour of time per day with us, and as a member of Into the Close you will:
- Learn how to find trades that have the highest probability of winning from the start
- Learn to quickly screen up to 4700 Stocks and ETFs to find the best stocks on a daily basis
- Plug yourself into (or become part of) a support system with a group of very highly successful traders
- Get peace of mind knowing that you will be trading the same trades as other highly successful traders
- Gain access to these traders one-on-one, with 24/7 access to group chats
- Learn why successful individuals make the best decisions during the last hour of trading
- Obtain insights about the most successful trades
- Learn by doing—execute on trades that fit your personal risk tolerance
There’s no secret to success in the stock market. All it takes is one hour per trading day. Join us today!
Have questions? Click here to find out exactly how Into the Close will help you become a true stock market winner.