Danielle Park is a reformed attorney, like your host, a Chartered Financial Analyst, and a long time money manager to the wealthy. Today, she explains how the markets are simply doing what they always do; she states that with the proper understanding and the ability to go against the grain, large profits are obtainable to savvy investors. When things look great and it appears that nothing can go wrong, it's time to start preparing your portfolio for the inevitable crash. An understanding of history shows us that it's not really a new era, and this time ISN'T different. There is no such thing as the abolition of the business cycle. The more things change, the more they stay the same.
Don't get taken in by the hype and remember that on Wall Street, conflicts of interest prevail. Finance people have to pay bills just like the rest of us. So therefore, you can't reasonably expect them to put their own interests behind yours. Although such individuals do exist, they are extremely rare and hard to find. But also remember that no matter how bad winter may appear to be, it is always followed by warmer weather. Economic winters can last much longer than we believe possible, however, just when hope is about to give out, the seasons change and the cycle repeats.
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