Folklore or not, the strategy at the Sinnemahoning Rattlesnake Hunt has many applications - particularly when it comes to investing.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

SPONSORED Five Dividend Stocks to Buy Now (FREE INSIDE) Marc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... Completely free of charge! Seriously, no credit card required. Inside, you'll get the names and ticker symbols of his TOP FIVE dividend stocks right now, including... An "A"-rated, ultra-safe dividend stock with a huge 8% yield Three of Marc's favorite "Extreme Dividend" stocks, which could supercharge your income And finally, his No. 1 dividend stock for a LIFETIME of income. Click here before the download link expires. Editor's Note: Mark your calendar... On Thursday, September 23, Chief Income Strategist Marc Lichtenfeld will sit down with Chief Investment Strategist Alexander Green - and a very special guest - at 8 p.m. ET. Together, our experts will test this man's claim that his unique system could help our readers score up to 4X more on all of their regular trades (no options or leverage required)... And they'll also tease out the story of how he dodged the COVID-19 crash last spring thanks to one little-known market indicator. Click here to save your spot in the free virtual event. - Mable Buchanan, Managing Editor RETIREMENT PLANNING Investing Advice From a Rattlesnake Wrangler Rachel Gearhart, Associate Franchise Publisher, The Oxford Club Every June, the tiny town of Sinnemahoning, Pennsylvania (population 132), hosts a rattlesnake hunt. Surprisingly (or perhaps not), this annual event attracts thousands of people, and awards are given for the heaviest rattlesnakes captured. (This year, the biggest timber rattlesnake was 52 inches long and weighed 4 pounds, 6 ounces.) My dad, who grew up just a few towns over, used to tell me stories about how competitors would inject themselves with rattlesnake venom to build up a tolerance in preparation for the big hunt. But last year, the hunt was called off. COVID-19 made it too risky for thousands to crowd the streets of Sinnemahoning (which is saying something considering they were heading there for a venomous snake roundup). But the event was back in full force this year - and the strategy used there can still be applied today. Particularly as it relates to investing... Investors Dive Into the Snake Pit The "Great Shutdown" caused a surge in investing activity. Charles Schwab, TD Ameritrade, E-Trade and Robinhood saw the number of new accounts jump around 170% in the first quarter of 2020. These days, young investors are the most engaged. E-Trade discovered that 54% of investors under the age of 30 check their portfolios at least once a day. On one hand, it's great to see so many youngsters showing an interest in stocks - especially at a time when so many are railing against the "evils" of capitalism. But what's troubling is how few of them are taking the steps needed to learn how to invest correctly. Basically, they're playing with rattlesnakes. And many of them have no idea what they're doing. Take the sad story of the 20-year-old University of Nebraska student who took his own life after a sideways options trade led his Robinhood account to list a balance of negative $730,000. According to Forbes, the negative balance likely represented a "temporary balance until the stocks underlying his assigned options actually settled into his account." In a final note left by the young man, he admitted to having "no idea" what he was doing. It's a tragic tale that should not be taken lightly. And it's an extreme example of how investing without the right tools can lead to absolute disaster. That's why it's so crucial that every investor - regardless of experience level - stick to a simple checklist... SPONSORED 3rd-Gen Crypto Could Be the Biggest Yet AOL was replaced by Yahoo... and Yahoo was replaced by Google. Google was third generation... and it won. Now the same thing is happening with crypto. Bitcoin came first... then Ethereum... and now a $2 crypto is being hailed as the next huge cryptocurrency to own. Find out why it's being called the "Ethereum Killer" here. 5 Steps for Building Your Tolerance As Chief Income Strategist Marc Lichtenfeld outlined in a past Wealthy Retirement article, there are five simple ways to prepare yourself before you go "rattlesnake hunting." Understand what you're buying. Investors love to chase big gains, so they'll buy speculative stocks, options, cryptocurrency or other speculative assets without understanding what they are or how they trade. Study potential investments for a little while and paper trade them so you get a feel for how they move before putting your money on the line. (Marc reveals several great investing books in his short video here.) Use trailing stops. A trailing stop is a sell order that automatically gets you out of your position if the stock falls to a certain price point or by a certain percentage. This takes the emotion out of the decision to sell, which is very important to do. This way, you don't rationalize that the stock is going to bounce as it keeps going lower and lower and lower... To learn more about how you can use trailing stops to protect your profits - and even score up to 4X more on all of your regular trades - click here. Get small. Now that most brokers don't charge commissions, there is nothing wrong with trading with just a few hundred dollars in order to get your feet wet and get a feeling for trading with real money. Heck, you could buy just one share of stock or one option contract. You'll see what it's like to have money in the market without having to risk very much. Limit losses. No one likes losing a trade. But if you're an active trader or investor, it's part of the game. Get used to it. Certainly find ways to minimize losses by setting stops, practicing careful position sizing, studying the markets, etc. - but get used to them. Losses happen to everyone, and even the best traders can lose more trades than they win. The key is to keep losses small and wins large. If you had a win rate of only 40% but made an average of 30% per trade and lost an average of 10%, even though you'd have more losing trades, you'd come out very well ahead. Ask yourself what you can afford to lose. No one likes to lose. Even losing a small amount of money feels rotten. But what amount could you lose and not be stressed about? Figure out that number, and don't risk a penny more than that. The spirit of the Sinnemahoning Rattlesnake Hunt can't be canceled... Before you try to wrangle yourself a big win, it may be worth building up a tolerance first. Good investing, Rachel Leave a Comment MORE FROM WEALTHY RETIREMENT Inflation Is Here to Stay Don't Be Surprised if This 6.7% Yielder Bursts A 5% Yield to Maturity Riding the Housing Shortage Facebook Twitter Email Share Push Alert SPONSORED David Fessler Called Tesla at $8 (Split-Adjusted). His New 5G Recommendation Could Be Even Bigger... This 5G company has EVERYTHING going right for it: a top-shelf management team... scores of patents... partnerships with ALL the big telecoms... and FOUR straight quarters of revenue growth. Get the scoop here. You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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