☕️ Palantir: let’s get real

Howdy! 🤠 

Today we’re going to get real. 

Many people think they’re investors—until a day like yesterday exposes the truth. That’s when they find out the hard way that they’re really speculators. Especially when it comes to high-flying stocks like Palantir. 

It doesn’t have to be that way. 

Not in life and sure as heck not in the markets. 

The other thing about days like yesterday — even again today — is that they make it abundantly clear that too many people are doing really stupid stuff with their money.  

We’ve all been there from time to time or will be.  

Including me. 

It’s not good for you—and it’s sure as heck not the way to build real, sustainable wealth. 

What is? 

One of the most valuable lessons I learned early on is that the best advice and most profitable insight tends to arrive in little nuggets that you really don’t want to hear or that you think you already have under control (but probably don’t or we wouldn’t be having this conversation). 

First – Palantir has returned more than ~2,300% off single digit lows set in December 2022 and ~345.74% over the past 12 months even after the selloff. The S&P 500 has turned in 66.12% and 13.38% respectively by comparison. You’ve had ample opportunity to get on board and capture profits along the way; and there’s still plenty of upside ahead. If a single-day 9% drop and more selling this morning bothers you, you’re not an investor… you’re a speculator. What’s more, you are probably way over your skis, meaning that you have too much risk on the table. 

Second – If you’re one of those folks I’ve heard about who sold other rock-solid stocks including many dividend players with long storied histories to buy more Palantir because it’s taken off like a rocket, you’re gambling, not investing. Las Vegas could use the business, but your portfolio doesn’t need to play table games. 

Third – Fear and greed are wealth killers. The sooner you strip ‘em from your decisions and begin using tactics like those I talk about frequently with the One Bar Ahead® Family to help control the risk that is inevitably part of investing, the sooner your portfolio can breathe. Keep your dang emotions out of the equation… period. 

Fourth – Missing opportunity is always more expensive than trying to avoid risks you can’t control… like, oh, I dunno, a controversial short seller with a history of fomenting panic and a general market selloff. Real results and real numbers triumph over time so focus on investing in companies with both and leave the bull___t to everybody else. 

Fifth – Great companies weather storms and stupid decisions by individual investors who doom themselves to failure by making ‘em. So… stop making the latter and learn to embrace the former. Buy the best, avoid the rest.  

This isn’t rocket science. 

“How” you play the game matters a lot more than you think. 

So, dang it, start thinking… and protect yourself from making major investing mistakes that’ll hold you back rather than building the wealth you deserve. 

I will be with you every step of the way. 

Btw, if you are an OBAer, please be sure to check your email. I sent out a Special Update on Palantir last night – what’s really happening and why, what to do next and more including instructions that I hope you are putting to good use today. 😀 

Bottom Line 

Investing in optimism beats cowering in pessimism. 

Not part time. 

Not some of the time. 

Every time over time. 

You got this, especially if you stop doing stupid stuff with your money! 

As always, let’s MAKE it a great day. 

Keith 😀 

PS: If you want some help getting a handle on what’s happening, you might really enjoy One Bar Ahead®. Investors around the world tell me it’s given them hope, confidence in any market conditions, and yes, even helped ‘em stop doing stupid stuff with their money.