|

Harry’s No “Flip-Flopper,” But…

I’ve been Harry Dent’s right-hand investment guy for six years now, and I’ve known his work for much longer.

Most people have no clue how tough it is to do what Harry does.

He’s truly an outside-the-box, big picture thinker.

He’s fiercely independent.

He’s the ultimate contrarian.

And he gives “zero f***s” when his research, opinions and forecasts set him apart from the group-think masses.

Bottom line: Harry tells it like it is – good, bad or ugly.

Most people can’t do that (even if they think they can).

Most people fall victim to herding behavior, where they do something just because everyone else is doing it (and because it feels safer to be in the herd).

Most people are so worried about looking “different” – particularly about having different results in their investment portfolios – that they’d rather play it safe, buy index funds, and close their eyes… hoping and praying for the best.

They’d rather win or lose with the crowd, rather than win or lose on their own.

Not Harry.

Of course, he’s not completely immune to the long list of cognitive biases influencing investors (nobody is, not even me!), but his track record of bold, contrarian market calls proves his ability to overcome biases and provide truly prophetic advice.

Like when he…

  • Issued his strongest “buy” signal in October 2002. Shortly after, we saw the Dow soar from 7,200 to 14,280 over the next five years!
  • Warned readers in September 2005, that the real estate bubble was peaking… The crash started just a few months later, in early 2006.
  • Told readers, on April 25, 2011 – the very day silver peaked – to sell their gold and silver (gold peaked just five short months later).

As I’m sure you can tell by now, when Harry speaks… you should listen!

I’ve had the pleasure of speaking with Harry just about every week for the past six years – and I can assure you, he’s one of the greatest minds I’ve ever known.

Part of Harry’s brilliance is his ability to balance two opposing forces. On one hand there’s the urge to explore new information (and, change his mind when it’s warranted)… and on the other hand, there’s the urge to stick to his opinion (and stay the course), even when everyone around him is blathering in disagreement.

As I said, Harry doesn’t really care what people think of him. That’s a huge advantage, because it allows him to stay convicted to the most meaningful long-term forecasts, even when the shorter-term cycles aren’t immediately proving him correct.

At the same time, I’ve personally witnessed Harry change his mind when it was warranted… when new or better information pointed to a different or more likely conclusion.

That makes him stand apart, because most people feel awkward changing their mind. Heck, “flip-flopper” is a derogatory term for someone who doesn’t have the spine to stay stubborn to his opinion, right?!

But for Harry, it’s not about his ego. It’s about helping is readers survive and prosper… and he tirelessly and mercilessly works toward that goal.

This mental flexibility is a must when you’re operating in financial markets.

In this arena, being a “flip-flopper” is a good thing. It means you can cut losses on a bad idea and make profits on a good one, even if you have to change your mind to get there.

Remember, the #1 goal of investing is to make money.

If you think the main goal of investing is to be right, or look smart, or never change your mind… you’re sorely misguided.

Harry knows this, of course. And that’s why he and I are committed to providing you and our other readers the very best advice – actionable advice for today’s markets.

A lot has changed in the six years I’ve worked side-by-side with Harry.

The bull market was just budding back then…

Now it’s eight years old, 240% above the March 2009 bottom, and, for now, and (suspiciously) edging higher.

Yet, just as the bull market has evolved, so too have Harry’s views on the best way to gather profits.

So I’m sure you’ll be interested in hearing the latest on Harry’s perspective on stocks – is he really saying they’re a “BUY” right now?!

Next Tuesday we’re hosting an exclusive webinar called Hidden Cycles: Why Harry Dent is Finally Saying BUY!!! You can register to watch, for free, and get a whole bunch of additional research to boot (also all free).

For now, I urge you to take a good long look at your current opinions about the markets and investing.

Are you falling victim to herding behavior?

Are you being stubborn to outdated, possibly erroneous opinions?

Harry’s no “flip-flopper,” but I can assure you that he keeps an open and flexible mind.

You should too!

Author

More from Dent Research Team of Analysts
Share:

Editor's Picks

EUR/USD hits two-day highs near 1.1820

EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.

GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

Three scenarios for Japanese Yen ahead of snap election

The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans. 

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.