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The Cherry Bomb


Sosnoff Says...

Monday February 11th, 2019

The official start to my 2019 travel season began this past weekend in Orlando at the World Money Show.  There’s no ceremonial first pitch to kick things off, but there is a first flight, a first omelette, and a first lecture.  My game plan this year is to encourage as many people as possible to learn 'to finance.' I was one of a few keynote speakers, but what shocked me was that virtually all the other speakers were still trying to sell fear. Last year there were a bunch of fear-spreading keynotes extolling the virtues of letting them, the professionals, manage your money. This year the fear stokers were back in force with virtually the same presentations and even the same villains. How can anyone embrace finance when the message from the so called experts is ‘don’t try this yourself!’ I’m not kidding when I tell you some of the things I heard during multiple keynotes like “Watch out for Venezuela. They are threat to the spirit of our democracy." What does that even mean? There were concerns about Putin, his wealth and his weapons. But what does that mean to an individual investor? I even heard one speaker talk about OBJ as a threat to the stability of our democracy. And I'm like Odell Beckham Jr.? I know they meant AOC but that's how ridiculous and stupid much of the traditional Wall Street message is. It resonates with no one. Our message has always been once people can trade, swim, fish, hunt or call it whatever you like on their own, they will welcome these man-made crisis's as opportunity and laugh at the people spreading the nonsense. The single biggest threat to anyone financially is simple, it's a lack of understanding and know-how. It's an aversion to risk and it's a lack of decision making confidence. If the next generation of financial leaders is going to do something special, they need to start now by engaging people in the world's greatest free market.

Check out the live show at 7:00am CT!
Tom Sosnoff
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