Kris’ note: As we write today’s Daily Cut, the Dow Jones Industrial Average is down 273 points (it’s just after 10 a.m. ET).
The Nasdaq is down 96 points, or 0.65%.
At the same time, oil is still above $70 per barrel, and prices overall are still well above where they were four years ago – even though the price inflation growth rate is slowing.
For that reason, in surveys, Americans still rate inflation and the cost of living as their biggest concerns.
In June 2022, a World Economic Forum survey reported that 44% of Americans were worried about inflation. By June of last year, a Pew Research poll had that number at 65%.
That’s not entirely surprising when you look at the Consumer Price Inflation chart below:
Although, it’s interesting to note that it was only a year after the inflation rate peaked, that concern about inflation reached a peak. We guess that proves the insidious nature of inflation…
You don’t notice it so much… until suddenly… you do.
Plus, the inflation chart can be misleading. Many folks will look at the chart and assume the rate of inflation is falling… when in fact, it’s just the rate of growth in inflation that is falling.
Prices are still going up. So perhaps the better chart to show you is the index, rather than the inflation rate. Here’s that chart:
Since 2018, the index has gone from around 250 to the current level of 307. In simple terms, prices (on average) have increased 23% during that time frame.
But you likely already know that.
So when you put all this together…
Volatile stocks… high oil price… gold above $2,000 per troy ounce… Bitcoin above $46,000… and the price of goods and services 23% higher than five years ago…
It’s no wonder many Americans wonder how they can possibly get ahead.
For that reason, colleague Teeka Tiwari has pledged to help as many regular Americans as possible find what he calls their “Freedom Number.”
It’s the idea that to enjoy the life you want… the life you deserve… you need to work out and achieve the financial number that will help you do that.
It’s not necessarily easy. But it is possible. It comes down to making the time and having the willpower and drive to achieve it.
Anyway, we’ll pass things over to Teeka now, and he’ll explain to you how you can achieve your “Freedom Number…”
Today, I want to have a conversation with you about something you may not want to discuss…
Your future.
To do that, I’m going to reveal something about myself…
Many of you know I grew up in the foster care system in England, living with different families and in group homes.
One of the homes I lived in housed me in a cramped, unheated room on top of a garage. At night, I watched my breath coil into a frigid mist.
It wasn’t easy…
But one day, something changed my life forever.
I had been in and out of hospitals because I had a kidney illness. And the side effects of the medicine made me obese.
I was bullied. I got into fights I never started. And when I was at my lowest point, one of my foster parents yelled at me…
He said, “You should be grateful for the life we’ve given you.”
That changed me forever.
I had a choice: Believe this was as good as things would get and that I should be “grateful” for it… or I could change my life for the better.
So, I took one small step. I refused to accept another person’s view on what my life should look like. And that started me down a path that would change my life forever.
Dreaming of a Better Life
I began dreaming of a better life. I cut out photographs of New York… of Wall Street… and I imagined myself in those photos.
With a good job… a nice home… a nice car… a beautiful girlfriend.
Sure, they were teenage fantasies. But what I learned later in life is that I was doing the same thing many successful people do. I was visualizing my future.
By imagining it as something tangible… I could at least begin to take steps to achieve it.
This also allowed me to discover which emotions and thoughts moved me forward… and which ones held me back. I learned not to overthink things. Not to get frustrated.
Instead, I learned to take action. Today, I’d like to invite you to do the same.
Here’s the first step…
I want you to visualize your ideal financial future… What would that look like? Then ask yourself, “How much money would I need to achieve this future?”
The number you write down is what I call your “Freedom Number.” It’s the amount of money you need to live the life you’ve always wanted to live.
That was the first stage of my journey. But the path doesn’t end there. You’ll eventually come to forks in the road.
And the fork you choose can be the difference between reaching the future you want this year… or maybe achieving that same future decades from now.
You’ve Reached a Fork in the Road
Now, I’m not going to sit here and tell you it will be easy to reach your Freedom Number. It won’t… Especially if you make the wrong decisions.
But if you choose the right fork in the road, it can you lead down the path to success.
Again, going down the right path isn’t always easy. You’ll hear the naysayers… the cynics… the people who tell you, “You should be grateful for this life.”
They’ll try to hold you back.
I know from experience.
When I first started recommending cryptos in 2016, I was routinely mocked. But every one of my crypto predictions has come true.
And subscribers who kept faith in my research had the opportunity to become millionaires by following me down the path I laid out for them.
Today, I’m seeing a similar fork in the road.
Down one path, I see the potential for you to reach your financial freedom in one year.
Down the other, I see decades of uncertainty.
And the choice of which path to take is yours alone…
The Path Ahead Is Crypto
Since 2016, I’ve helped numerous people make an enormous amount of money in crypto.
Over that time, 27 of my crypto picks have jumped at least 1,000%. No other newsletter editor comes close to that type of success.
And on January 10, our government has set a deadline that could trigger the biggest wealth-building opportunity in the history of crypto.
Friends, this event will only happen one time… And it will create a chance to reach your Freedom Number in 2024.
That’s why on Tuesday, January 9, at 8 p.m. ET, I’m holding an urgent briefing called Freedom 2024.
During this strategy session, I’ll tell you what this event is… And why 100 years from now, when they write about the history of cryptos, I believe they’ll mark that date as the beginning of an entire new crypto industry.
We’ll see it as a time that allowed millions of everyday folks to hit their Freedom Numbers.
You should know this opportunity is open to everyone. But not everyone will take advantage of it. Unfortunately, most people will be too late.
Let me be clear: The biggest gains will happen in a tiny subsector of the crypto market.
And if you want a chance to reach your Freedom Number in 2024, you must focus on this subsector of the crypto market that accounts for less than 1% of all coins. I’ll tell you all about these types of coins during my strategy session.
Friends, we could be moments away from the biggest wealth-creation event in the history of crypto. It will only happen one time. And it will create a chance to reach your Freedom Number in 2024.
Let the Game Come to You!
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Big T
Teeka’s Freedom Number
As Teeka says, don’t miss out on what could be the biggest wealth-creation event in the history of crypto. Teeka will reveal everything at his “Freedom 2024” event. It’s tonight, Tuesday, January 9, at 8 p.m. ET.
As part of the event, he’ll also reveal his top six cryptos in a key subsector of the crypto market.
You can register now here.
Market Data
The S&P 500 closed down 0.2% to end the day at 4,756.50… the NASDAQ gained 0.1%, to close at 14,857.71.
In commodities, today’s prices and the gain or fall over Friday, West Texas Intermediate crude oil trades at $72.18 up $1.13…
Gold is $2,035.30 per troy ounce, up $2.10…
And bitcoin is $46,710 down $67 from yesterday.
More Markets
Today’s top gaining ETFs…
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First Trust NASDAQ Cybersecurity ETF (CIBR) +1.7%
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Arrow DWA Tactical: Macro ETF (DWAT) +1.5%
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USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) +1.1%
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Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) +0.9%
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First Trust Dorsey Wright DALI 1 ETF (DALI) +0.8%
Today’s biggest losing ETFs…
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VanEck Steel ETF (SLX) -3%
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VanEck Indonesia Index ETF (IDX) -2.9%
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iShares MSCI Mexico ETF (EWW) -2.7%
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KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) -2.4%
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Global X Lithium & Battery Tech ETF (LIT) -2.2%
Mailbag
If you have any questions or comments for our experts here at Legacy Research, we’d love to hear from you.
Write to us at [email protected] and just type “Daily Cut mailbag” in the subject line.
Cheers,
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Kris Sayce
Editor, The Daily Cut