Advice from Outsiders, Sellers of Algo Robots, and Other Scammers

Before we delve into the topic, let’s immediately debunk a common myth that has taken root in many people’s heads. It must be said that the popularization of this myth is facilitated by all sorts of schemers, would-be managers, “traders” who promise people tens of percent in annual returns, and sellers of algorithmic robots who calculate profitability not in years, but in months and even weeks. So, a financial advisor cannot outperform the market—no more than you can yourself. If you happen to find a manager or a fund that genuinely gives you some alpha and does so consistently year after year, just consider yourself very lucky. Now I’m not talking about everyday luck, but about the fact that you must understand: profitability above the market is most often explained by luck, and not by the skill of the manager. Yes, their advice or market perspective may be correct for several years in a row. And if you had deposited a large sum of money based on this advice, then that manager or advisor would become your hero. But don’t be deluded. submitted by /u/FXgram_ [link] [comments]

POWELL is in his usual style. Were you expecting something new?

INFLATION HAS EASED `NOTABLY’ BUT REMAINS ABOVE 2% GOAL MORE GOOD DATA’ WOULD BOOST CONFIDENCE ON INFLATION EASING TOO SOON, TOO MUCH COULD HARM INFLATION PROGRESS EASING TOO LITTLE, LATE COULD UNDULY WEAKEN ECONOMY https://i.redd.it/u4z0nqfp2ibd1.gif submitted by /u/XGramatik [link] [comments]

What Do Successful People Do?

People who are written about in biographies share two things in common. First, they are obsessed. Arnold Schwarzenegger, Mahatma Gandhi, Richard Branson, Steve Jobs… They could behave like jerks and moral deviants. But I repeat – they were all obsessed. John Carmack was obsessed with graphics engines. The Wright brothers were obsessed with flying. Leonardo da Vinci was obsessed with the structure of things. That’s why they created, respectively, graphics engines, flying machines, and inventions. Yes, of course, they thought about what they were doing. I’m talking about meta-thinking. Carmack published his plans, the Wright brothers constantly published their thoughts on their experiments, and Leonardo is known for his incredible sketches. But they DIDN’T write books on how to publish plans, how to describe experiments, or what to sketch in a notebook. They did their damn work! And this is the second thing they all have in common. The same applies nowadays – anyone who aims to teach you investments should primarily be engaged in investing. Why do we need a Leonardo who teaches how to keep an invention diary? submitted by /u/FXgram_ [link] [comments]

Exit polls in France

LE PEN’S GROUP SET FOR 110-158 SEATS IN FRENCH VOTE: ESTIMATES LEFT ALLIANCE SET FOR 170-215 SEATS IN FRENCH VOTE: ESTIMATES MACRON’S GROUP SET FOR 150-182 SEATS IN FRENCH VOTE: ESTIMATES submitted by /u/XGramatik [link] [comments]

Why is a bull market coming soon?

The average total amount of funds for the 10 largest USDT transactions withdrawn from exchanges has been showing a noticeable trend since 2023. After the spring surge ($800 thousand) and June surge ($450 thousand), there has been a series of outflows down to around ($100 thousand), which indicates a decrease in the pressure of large-scale sales on the exchange. In other words, investors are now more inclined to hold on to their assets rather than withdraw them from the market. In addition to the adoption of BTC ETFs, we are also expecting ETH ETFs and SOL ETFs. To this can be added more large investments in the cryptocurrency industry + a decline in sales. So, I want to ask you a question. How do you plan to make money in the market that will soon start growing? https://preview.redd.it/q81zb4fop2bd1.png?width=1246&format=png&auto=webp&s=1a8f97b9ef7ffa48cf279123d42bd9179412a688 submitted by /u/dll_crypto [link] [comments]

Most Talkable Assets Of The Week

🚀 TSLA – The Tesla bulls ride again 📈 S&P 500 closes > 5,500 for the first time ever. Nasdaq 100 closes > 20,000 for the first time ever. Still stocks are not starting to look overvalued. 📉 COIN, MSTR, HOOD – Cryptocurrency-related stocks are dropping as Bitcoin’s price continues to fall 🗡XAUUSD (GOLD), XAGUSD (SILVER), XPDUSD (PALLADIUM) – Metals are increasingly seen by investors as a reliable hedge Quote of the week: ‘Because by the time you read about it in The Wall Street Journal, it’s already too late.’ – movie ‘The Wolf of Wall Street’ Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]