I worry you are making a huge mistake with your money...
What are you waiting for?
If you're not taking advantage of this bull market yet, that's my big question for you...
If you are nervous about the stock market, then you are not alone. Several investors I've talked to recently were "waiting for a dip to get in at a better price." And that's if they're planning to get back in at all.
Now that we've seen a dip, those same folks are even more scared of the markets. Many investors now have no plans whatsoever to buy more stocks.
This is a huge mistake.
Let me explain...
You probably know by now that I think a stock market "Melt Up" is just around the corner – where stocks make one final, dramatic push higher before a furious peak.
But the folks I have talked to are either trying to time it... or planning to sit on the sidelines.
My friend, trying to time when the Melt Up takes off could cause you to miss out on triple-digit gains in some stocks.
You don't want to wait until stocks start soaring... and THEN decide to get in.
Melt Ups are big and fast... The tech-heavy Nasdaq index alone delivered triple-digit gains in the final 12 months of the last great Melt Up.
Sitting on the sidelines and missing out on even a few big days during that time could've been deadly to your returns.
I'm telling you, don't try to outsmart the Melt Up!
If you're waiting on the sidelines for a buying opportunity, chances are, you'll miss the good days. And as you probably know, you REALLY don't want to miss out on the good days in the markets...
For example, if you had $10,000 in the S&P 500 Index over the past 20 years... but you happened to miss the best 40 days of market gains... you'd only be left with around $5,600.
If you kept your money invested the entire time, however, you'd have more than $40,000.
That's right... Just 40 days meant the difference between losing $4,000 or making $30,000!
You can see this in the table below. It shows what missing the best days of the market would have done to your returns over the 20-year period from the start of 1998 to the end of 2017...
The lesson is simple. Missing out on just a few big moves higher could mean not only missing triple-digit gains, but actually losing money.
So if you're still waiting for a chance to buy... or if you're afraid to buy stocks at all... I don't want you to miss out.
This will likely be the last Melt Up opportunity for many people in their lifetimes. And certain stocks could return triple digits as the market moves higher.
"But Steve, I'm worried about the trade war between the U.S. and China," I've heard from some folks. "Shouldn't I just pull some money out of the market to be safe? Or shouldn't I wait until it's over?"
No. People are always looking for a reason NOT to buy. Trust me, you can always find something.
There will be a time to be cautious. But that time is after the Melt Up.
We are not there yet. So again, I urge you – "make hay while the sun is shining"...
Good investing,
Steve
P.S. The Melt Up I've been predicting since 2015 is about to take a dramatic turn. But the full story is far bigger than I can explain to you here... That's why I'm hosting a massive event TOMORROW NIGHT at 8 p.m. Eastern time. I'll walk you through the details... Plus, I'll reveal a way to potentially double your money in the coming months – with a guarantee attached.
It's completely free to tune in. And it could make a huge difference to your finances in the months ahead. Join the guest list now by clicking here.
Further Reading
"Time and time again, we've seen investors get greedy and euphoric right before the bubble bursts," Brett Eversole says. And like Steve, he knows we're not at that point yet. Get the details right here.
"The recent downturn has spooked many investors," Brett writes. "But history says hitting the 'sell' button now would be a mistake." As he explains, one sector of the market could be poised for a surprise rally... Learn more here.
It's simple. You want to own U.S. stocks today. And this defense company is one way to take advantage of a move higher in stocks...
A TRADITIONAL LOW-RISK BUSINESS MODEL
Today, we're highlighting a consistent way to make money as an investor...
Regular DailyWealth readers know utility stocks can make great long-term investments. These companies deal in necessities like water, electricity, and gas. Their profits are highly regulated – but they have masses of locked-in customers, which means investors can sleep well at night. Today, we're looking at a company providing power to millions of Americans...
FirstEnergy (FE) is a $19 billion utility giant. It owns and operates 10 electric companies across the Midwest and Mid-Atlantic. All in all, FirstEnergy serves 6 million customers. That's 6 million people turning the lights on every night... or, in other words, a reliable source of sales. In the second quarter, FirstEnergy reported that revenues grew 3% to $2.7 billion, surpassing analysts' expectations.
As you can see in today's chart, FirstEnergy delivers steady returns. The stock is up more than 20% over the past year, and it recently hit a multiyear high. It's more proof that utility stocks can be solid defensive plays...
