by Michael Carr | Apr 22, 2020 | 2020 Financial Crisis, Smart Profits Daily, Trading Strategies
Investors should look for new tools … especially in a high-risk market like we have today. After all, the tools they rely on probably didn’t help them avoid the crash. One new idea you should consider is using credit ratings to evaluate stocks. That’s because changes...
by Michael Carr | Apr 15, 2020 | 2020 Financial Crisis, Smart Profits Daily, Stocks
The stock market just had its best week since October 1974. But that historic 12% rally came as more than 17 million people filed for unemployment benefits in the past four weeks. That far surpasses the previous record of 2.7 million. It turns out that 1974 also had a...
by Michael Carr | Apr 9, 2020 | 2020 Financial Crisis, Smart Profits Daily, Trading Strategies
Wall Street’s analysts have three rules they tell every investor. Build a diversified portfolio. Buy and hold for the long run. Invest in blue-chip companies. It’s simple. But those rules don’t always work. In fact, those rules led to large losses for most investors...
by Michael Carr | Apr 1, 2020 | 2020 Financial Crisis, Smart Profits Daily, Stocks
A few weeks ago, I mentioned that financial advisers are very good at telling you what you should have done 30 years ago. After I shared the way to counter their advice, the stock market crashed. Now advisers need different clichés. Fortunately for them, they have...
by Michael Carr | Mar 25, 2020 | 2020 Financial Crisis, Smart Profits Daily, Trading Strategies
As the battle began near Bunker Hill, the minutemen waited. They knew they were outnumbered. They knew ammunition was limited. So they waited. The order was clear: “Don’t fire until you see the whites of their eyes.” This order reduced risk. It...
by Michael Carr | Mar 18, 2020 | Recession, Smart Profits Daily, Stocks
“Unprecedented.” I’m watching CNBC as I write, and I’ve heard that word dozens of time today. The speed of the stock market’s decline is unprecedented. The coronavirus is unprecedented. The Federal Reserve’s actions are unprecedented. Fortunately, everything isn’t...
