In the recession plan call, you said “don’t sell now” and also “don’t buy now.” That makes sense to me. By the way, I got so much from this call! But I’m still unclear on the selling strategy specifically. If not now, then when? What would actually trigger a sell decision in a potential pre-recession environment? I’m trying to understand how we balance not selling too early with not riding the full ~50% drawdown. Are we attempting to anticipate a recession based on how significant or permanent the news appears? I assume we don’t want to wait until the market has already fallen 20% before reducing risk. At the same time, if someone held through most of the drawdown, can that still become a major wealth-building opportunity if capital is deployed strategically near the bottom? I’m really trying to understand the decision framework here.

Looking forward to diving into this one today! :) You mentioned on the last market update about watch lists. Is that info in this one?

Hello investors! Would you like a class where I share my 2026 positioning and investment theses, following on the Recession Plan class? Maybe some time in May? See how the Iran where plays out in the coming weeks…let me know!

The purpose of today’s reflection is simply to shine a light on the pattern. Once we see how we block receiving, something powerful happens. We gain choice. And we see that we have actual free will and power in the lives we are creating. Many of the ways we block abundance actually started as protective mechanisms. Examples might include: • Not asking for help • Undercharging or undervaluing your work • Saying “I’m fine” when you’re struggling • Feeling uncomfortable when someone gives you money, compliments, or support • Overworking instead of allowing things to come with ease At some point in life, these strategies helped us feel safe. But now they may be limiting our capacity to receive.

Beat the index by almost 100%. Thought this was funny but also, not really… inflation!