The Only Two Ways to Get Wealthy Welcome to Trading With Larry Benedict If this is your first time reading Trading With Larry Benedict, thanks for joining us. You can catch up on all previous issues right here. If you have any questions for Larry, or feedback, shoot us a note anytime at feedback@opportunistictrader.com. | Daina’s note: Yesterday, Larry gave his bold take on cannabis stocks... He says the sector is one big bubble that’s already popped. And today, Larry covers another popular sector: cryptocurrencies. While Larry admits he doesn’t know much about the sector, he’ll reveal a strict tenet he follows when making any investing decision - short- or long-term. And he’ll show you exactly what to do if you’re looking to make money in the markets – quickly and responsibly.
Daina Schnese: Last week you said the cannabis bubble has already popped. But you didn’t get into too much detail on Bitcoin... Larry Benedict: I don’t know a whole lot about Bitcoin. I don’t understand much about any cryptocurrency at all. But to me, it looks like another mini-bubble that already popped at the beginning of 2018. But cryptocurrency just isn't what I do. All my life I’ve traded the traditional markets. Equities, futures, currencies, those sorts of things. It’s what I understand. And, as cliche as it might sound, you should never trade something you don’t fully understand. It goes back to what I was saying with finding your niche. You just need to know a certain set of companies like the back of your hand, and stick to those. You can use that strategy today, or 35 years ago when I got started, or 100 years ago. Tons of traders make money using this simple playbook. It’s never going away. And when a strategy has that kind of staying power… I’m not inclined to jump into something brand-new that I don’t understand in the slightest. Look… of course Bitcoin is an interesting concept. But, just like marijuana stocks, the Bitcoin bubble popped and hasn’t yet come back. Looking at it the way I do, that’s just not something I want to spend a ton of time on. Based on my experience, there are two ways to get wealthy... There’s the slow way – which is by owning a great portfolio of dividend-paying companies, reinvesting those dividends, and sitting on them forever. And then there’s the fast way… The way I do it. And that involves a more active approach. There’s no way around it. If you want to get wealthy in today’s market, quickly, you have to be a trader. No company is going to give you 100% returns over the course of a week. At least, not any good ones. And if they do, those gains certainly won’t hold for long. You have to be willing to get in and out of position nimbly, and take each profit, big or small, along the way. If you’re not working on a 50-year timeframe, it’s the only way to go. That’s how I built my wealth – not a single home-run trade. And it’s how I recommend anyone looking to build wealth should do it. Daina: Thanks for your time today, Larry. We’ll chat again soon. Larry: Sure, no problem.
Daina’s note: Larry prides in his ability to read the markets and trade them profitably for rapid, short-term gains. It’s what built his wealth over a 35-year trading career. But now, Larry’s decided to take everything he’s learned… and give everyday folks a chance to learn and use those same techniques. In America’s First-Ever Trade-a-Thon on December 11 at 8 p.m., Larry will use his decades of experience trading the markets to generate $70,000 or more over the course of just three hours – donating all proceeds to a local South Florida charity. You’ll see the full result of this challenge... and how he uses the same strategy to make money every single trading day. Plus, as a bonus, every attendee to the Trade-a-Thon will receive Larry’s “Foolproof 50” – the exclusive list of stocks that Larry trades today to reap thousands from the market. Secure your spot here. About Larry Benedict... Larry is a former hedge fund manager with over 30 years of investing experience. He’s also known as one of the world’s best traders… and for good reason. From 1990 to 2010 – when he was actively running hedge funds – Larry never had a single losing year. Larry’s market commentary is frequently featured in Bloomberg, Barron's, and The Wall Street Journal, among other major news outlets. That’s why we’re publishing this limited-edition interview series over the next couple months. When we saw what Larry could offer to everyday investors, we knew we had to share everything we could with you. If you have any comments, questions, or suggestions about this free e-letter, please drop us a line at feedback@opportunistictrader.com. And if this interview series isn’t for you, simply click this link to opt out now. | | 
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