Like Global investing pioneer Jim Rogers, the ultimate big-picture investor, you should have no boundaries. Be totally flexible and open to everything and pursue everything. Have no more compunction about speculating in Singapore dollars or shorting Malaysian palm oil than you do about buying General Motors stocks.
Why limit yourself to buying and holding only stocks? It’s a big investment world out there. Be totally flexible. It makes no difference whether you make money by trading a currency or by shorting an obscure commodity like palm oil. Go wherever the next opportunity takes you!
Over the past decade, the simple strategy of buying and holding stocks worked and the average investor looked like a stock market genius. All you had to do was buy a stock and watch it go up. But that all changed in 2018. The January and October market corrections were a wake-up call for investors in the stock market. If you want to make money, you must adopt a more flexible approach to the markets.
ETFs might be an easy and efficient option and open up a whole new universe of investing possibilities.