Episode Transcript
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Speaker 1 (00:00):
We're living in a world where high returns are quite
difficult to achieve in many traditional markets, and I want
to talk about that because unless you're out there doing
something slightly different, you potentially could be going backwards when
you add inflation and the cost of living, etc. Into
the equation.
Speaker 2 (00:17):
So let's talk about that and more right now, Hey.
Speaker 1 (00:30):
There, traders, Andrew Mitcham here at the Frost Trading Coach
with video and podcast number six hundred and twenty. Now,
I want to talk about inflation. I want to talk
about interest rates and returns. And the reason I want
to talk about that today is I've got a piece
of paper here printed out from Lloyd's Bank. It's a
bank that I used to use when I was a
kid over in England. I still have an account with them,
(00:52):
and they sent through an email which I've printed out here,
regarding our reduction in the interest rates that they will
now be only offering me on a check account that
I still have there. Now the interest rate has gone
from an enormous one percent down to a staggeringly exciting
zero point seven five percent, So they're effectively cutting the
(01:16):
interest rate that I'm getting from nothing to even less.
But they're effectively taking it down. You know, they're taking
twenty five percent off of that, from one percent down
to point seventy five. Now, of course, neither of those
two rates are very exciting. And this is up to
by the way, this is up to twenty five thousand
pounds in this saving account. Absolutely crazy. And it got
(01:40):
me thinking because just behind me here and you're not
going to be able to see it on the charts.
But it's only Wednesday morning here when I'm taking this
or making this video and podcast. Now, Monday was a
public holiday in the US, and so far the market's
been fairly quiet this week. But even so, with the
trades that I've closed out me here with very low risk,
(02:02):
I'm up two point nine percent for the week so
far in just two trading days. And the trade that
I have opened, just one trade, is up zero point
five percent. So that's already this week substantially more than
they're going to pay me in an entire year. And
as mentioned at the beginning, with inflation the cost of living,
(02:24):
just go out and try and buy something in the
grocery store. Well, luckily here we grow as much food
as we can for ourselves. But you go out there
anywhere around the world. It doesn't matter where you live.
I know what Europe's like right now. Have spent a
month in the States last year, and you just see
the cost of living. You look at what's happening to
your your rates, bills, like your insurance, everything that you
(02:48):
purchased just to live is going up and up and
up through the roof. Yeah, interest rates in the traditional
sense of investment, like I know, a bank account, Like
that's not really what you caught traditional investment, but it's
still something that you hope to earn some interest on.
After all, it's your money that they're using and they're
giving you next to nothing. So it comes back to
(03:09):
what are you going to do to change that? Would
you like to have the ability to just like I've
done here on my trade so far this week, you know,
you put those trades open and closed together pretty much
a three and a half percent returns so far and
just two very quiet trading days. And so would you
like to have that knowledge and ability to do that
(03:31):
for yourself on a consistent basis? And if you answer yes,
I would, what's that worth to you? What's that worth
to you in terms of a bit of time and
investment in yourself to have that knowledge to be able
to do that. And I think that's really the question
that you need to ask yourself. Are you going to
make twenty twenty six the year when things change for you?
Or is it just going to stay the same as
(03:52):
last year, in the year before and the year before,
when nothing happens and you effectively either trading water or
going backwards financially. So time wise, you know, because we
all we all want time freedom, but of course we
will want financial freedom. And they put the two together,
and that's what knowing how to trade properly with a
strategy that does not require to sit in front of
the computer here all day. I've just looked at the
(04:15):
daily charts today on Wednesday. There are no trades today.
I don't see anything, and so I'm not going to
take any trades now and even look at the charts
now for another twelve hours. And so if you want
to know how we do that, have a look at
the page link that I put here. For the course,
by the way, we are looking at changing the fee
back to what it used to be for the previous
(04:36):
sixteen years. Right now, as you're listening and watching this.
It is on a smaller joint fee and a small
monthly subscription fee, and we are looking at changing that
and there'll be more about that shortly. So if you
want to jump in and take advantage of that lower
price right now, I suggest that you have a look
at the link that I put here. If you're out
(04:57):
there looking for a good broker, I can highly recommend
Blueberry Markets. They're over in Australia, but pretty much anywhere
anywhere in the world can open and account with them,
as a few exceptions a few countries, And if you're
in the US, I'm sorry you cannot open with Blueberry Markets,
but pretty much everybody else can. And you can look
through various forests markets. You know a huge number of
(05:17):
pairs on the forest charts. Plus of course now you
have the ability to look at non forest pairs, the cryptos,
the commodities indices, et cetera like that. So it's opened
up a whole new sort of range of markets for
us to trade in exactly the same way, and that's
the beauty of it. So have a look at Blueberry
Markets and I'll put a link to them, but I
(05:38):
really encourage you to strongly have a think about what
you're going to do. You know we're already towards the
end of January. This month's just disappearing fast. Do something
before it's too late and train yourself up so you
know exactly how to look after your financial future yourself.
We've been doing this coming up seventeen years this year.
(05:59):
Not many out there can say that. So if you'd
like to come on board with us at the same
proven strategy that's been in round all those years, over
all market conditions, do something about it and jump on board. Neck.
This is Andrew here at the first Training Coach. I'll
see you this time next week. By fanat