I know some people who haven’t taken a vacation in years. Their excuses come in all shapes and sizes.
For me, I think just doing time like that does much more harm than good. I know this because I used to be one of those people. I used to think I didn’t deserve a break. “I’m not there yet,” is what I’d say. I skipped vacations with my family and encouraged them to go without me.
I’ve regretted those decisions ever since.
Over the past five years, I’ve made it a point to get away regularly. I’ve written about it the benefits before and I feel more strongly about this than ever. Even if you take a week where you just stick your computer in the closet and make it more of a “staycation,” that works, too.
It’s important to be self-aware. I know I do not have the discipline to stay away from my computer if I’m home. I like my work. I know I’ll jump on and check out some charts. I can’t help myself. So, I need to detach completely to accomplish my goal of “getting away.”
Usually, I’ll get out for five to seven days (at the most) about twice a year – once in the summer and once during ski season. It helps clear my mind; I always come back refreshed.
Those of you who’ve known me for a long time get that I don’t care if stocks double or get cut in half… gold can go to zero tomorrow… none of it will matter to me.
I’m not a permabull or a permabear on any asset. Those are the greater fools. And I’m convinced that regularly getting away and starting from scratch when I return helps me keep an open mind.
Here’s an example. I went to Mexico three years ago thinking U.S. stocks were about to roll over. I came back a week later – it was June 2016 – and started buying every stock on Earth. Stocks all over the world ripped from there and never looked back!
It was a quite the change of heart, and I can only credit my vacation, getting away, and coming back with an open mind…
Last month, I officially became the luckiest guy in the world, marrying the love of my life. The day after the ceremony, we flew to the Cyclades Islands in Greece.
This two-week break was the longest I’ve ever taken. The honeymoon aspect of the trip helped me justify the length, compared to just five to seven days, which is the most I’ve normally taken over the years.
So, what did I learn…
Well, nothing’s changed in the market. U.S. stocks are still below overhead supply. Cash and U.S. Treasury bonds continue to work. Precious metals are still a dud, and the U.S. dollar continues to do nothing.
The financial media keep making up ridiculous reasons for every 50 basis point move in the S&P 500 Index.
The same people are arguing over the same nonsense on Twitter and can’t move on.
My business can run smoothly for two weeks, even if I’m on the other side of the planet.
Greece is absolutely amazing. I encourage you to get to these islands as soon as possible. I can’t believe it took me 37 years.
Getting away is absolutely essential to my personal growth and success. I feel stronger about this than ever.
I’ll follow up with thoughts on the stock market, in the U.S. and Globally, how the U.S. dollar’s next move will impact things, and what’s next for interest rates and precious metals.
For today, if I can leave you with anything, it’s that I encourage everyone, young and old, those new to markets and veterans of Black Monday, to get the hell away… just go!
Don’t even think about it. Turn the damn computer off and get your mind right. Come back refreshed and start from scratch, open to any and all possibilities.
It’s one of the most valuable parts of my entire process.
On the Road
Rather than get back to the States right away, I’m working from Europe for the next two weeks, meeting with customers, colleagues, and old friends. This is how I learn. The world doesn’t revolve around Manhattan. Unfortunately, there are many people who believe it does.
I’m fortunate to have had the opportunity to learn from investors in Hong Kong, India, Singapore, The Philippines, Taiwan, and Kuala Lumpur, among others. This month, I hope to have similar growth experiences in Athens, London, Amsterdam, Paris, and Dublin.
If you’re in any of these great cities, come join me for one of my presentations. We should have some good crowds and, as always, a ton of fun!
Here’s my itinerary (all times local):
- Athens – June 3, 2019, 6 p.m.: Syntagma Office – Free Registration
- London – June 6, 2019, 6 p.m. – 8 p.m.: CMT Association – Free Registration
- Amsterdam – June 11, 2019, 3:45 p.m. – 6 p.m.: CFA Society – Registration
- Dublin – June 13, 2019, 6 p.m. – 8 p.m.: CMT Association – Free Registration
I hope to see you at one of these events… ping me and let me know you’re coming!
To good trading,
Editor, Big Market Trends