Please note that I've increased the exit price strategy for ALL of my open energy stock positions below since they've kept soaring and likely will experience some type of correction soon. Currently, my open energy stock picks for this round are sitting on paper profits as of right now of +31.93%, +13.30%, +35.00%, and +35.55%. Thus I’ve increased all of my exit strategy prices for them as below to ensure significant realized profits should prices pull back. In addition, one of our PM mining stocks is now sitting on a +34.96% profits this round, as of right now, so I am also increasing my exit strategy price for this stock to ensure significant realized profits. Thus, please ensure that you read the below carefully. If you’re more conservative and want to take these profits right now on my open energy stock picks, you may sell today. But my official exit strategies will be the ones you can find below.
As a point to the newbies here, my admin informed me this morning that a number of members that quit my platform in the last couple of weeks have now returned this week now that my energy stock picks have soared in the past couple of weeks. In my humble opinion, to leave when asset prices are down and then return only when they are soaring is a surefire formula for disaster. Only by staying put through the times of struggle can you learn. As well, from my past experience with this type of behavior, more often than not such behavior results in buying high and selling lower versus the desired outcome of buying low and selling higher. I don’t believe that anyone that engages in such behaivor, in the history of investing in energy stocks and precious metal mining stocks, has ever learned how to achieve consistent positive yields over time. I know I’ve stated this in previous posts but I will state it again just for the benefit of those that have done so.
Working through the difficult stages of investing in price volatile assets is invaluable to making the correct decisions in the future. Failure to do so will lead to failure in the future.
And as my substack subscription prices are on a gold standard, at some point in the future, for those that jump ship at the first sign of weakness and then climb back on board when assets are soaring, there may also be a price to pay in being subjected to a higher subscription price upon return, though that was not the case this time around. Since everyone is grandfathered in at the membership price at the time of their original sign up, when prices rise due to rising gold prices, as I believe they will do so next month in October, if one leaves and gold prices have risen in the interim, then one will need to pay a higher price upon return (because my subscription fees are tied to gold prices). In fact for the entirety of this year, since the gold price in China is a far more honest price than the Western gold price, I’ve been considering tying my subscription fees to Chinese gold prices set in Shanghai instead of Western gold prices set in New York and London. It is likely that this will happen by December, so there may only be a couple more months to subscribe at the current lower subscription fees. For all current paying subscribers have no fear as this change will NOT affect subscription fees for any current and continuing subscribers.
Finally, to tie the commentary in this article to the reason why I always discuss only price volatile assets here, it is literally impossible to build wealth slowly. If you are familiar with the Rule of 72, you understand exactly why I state this. Yet investing in price volatile assets for the potential of gains like those we’ve been able to accrue in energy stocks this year and last, and in PM mining stocks last year is completely different from a Get Rich Quick Scheme. “Get Rich Quick” schemes are always a scam and prey of the naivete and laziness of people as those that pitch “Get Rich Quick” schemes always tell people that they can get rich quick with very little work. On the contrary, with the types of price volatile assets I discuss here, one can build wealth quickly but never with very little work. In fact, to build wealth quickly with price volatile assets almost always will require a lot of work and a willingness to perserver through hard times, to learn from hard times and to even work hard to protect profits when they come fast and furious (as hopefully everyone who was with my last year learned). There are no Get Rich Quick schemes in the investment world, but you can build wealth quickly if you are willing to work hard as there is no possible way to make it through the hard times without hard work.