What on Earth am I going to do now? It will take forever to regain what I lost…
Alex had been investing heavily in the stock market since the COVID-19 hysteria hit several years ago. He found himself working remotely for the first time… and suddenly he had extra time on his hands.
Like many, Alex began tracking the stock market daily. And he stumbled upon a few Reddit threads full of investors and “day traders”. Making stock picks became a game that the group talked about daily.
Pretty soon Alex began pouring a significant portion of his paychecks into his brokerage account to make new investments.
And for nearly two years he felt like a genius. He watched his investment account grow substantially as the market soared.
But then the market started to fall in January 2022… and it seemingly went down every day. Alex watched in horror as his account began a steep decline.
He thought about selling off some of his stocks to cut his losses. But then everybody in his Reddit groups kept saying the market would rebound as soon as the “Fed pivot” happened.
The Fed pivot refers to the idea that the Federal Reserve would have to cut interest rates to stop the stock market from falling. And everybody on Reddit agreed it was coming…
But it didn’t come.
A few weeks ago Alex threw in the towel. Then he kicked himself for not getting out when his gut told him to last year.
He lost what he considers to be a ton of money by staying firm and hoping the market would soon turn around.
Alex went from feeling brilliant to deeply distressed.
On top of losing his hard-earned money, Alex also watched his living expenses skyrocket – as we all have. A simple trip to the grocery store now costs at least twice what it did not too long ago.
Sadly, this story isn’t unique.
There are countless people out there in a similar position to Alex. They got caught up in the blow-off top of history’s greatest bull market… but then they rode the elevator back down.
To me, this is a perfect example of why the Income Snowball Strategy we talked about yesterday is so timely. It’s all about generating passive income outside of the stock market.
And that’s why we just unlocked a brand new micro-course around this approach. The course covers:
- The fundamentals of this alternative investment model
- Strategies for maximizing returns while mitigating risks
- Real-world examples and success stories
- Best practices for getting started and growing your monthly passive income
This new strategy is something I think all investors would be wise to implement. If you’re interested, you can get more information right here: The Income Snowball Strategy
-Joe Withrow