If I hear another story about petrol prices, I’m going to scream.
So much whinging and finger-pointing going on right now. Typical victim-mentality.
Guys, petrol prices didn’t just jump out of the blue and skyrocket… They’ve been hitting record highs now for 3 years running.
I don’t know if you remember a story I shared with you of an event we did 3 years ago, where an astute and savvy friend of mine, Stephen Jennings shouted at the audience to buy as much crude-oil as they could. Back then it was trading at $42 a barrel.
Lots listened, a few bought.
So instead of whining about the price of petrol, here’s an idea…
This is what smart investors do and have been doing for many years… There’s a group of people out there who are profiting massively out of petrol prices. When they go to fill up their car, do you think they care what the price of petrol is?
You can play the same game.
For instance, if you purchased $5,000 of BHP shares just a couple of months ago, those shares today would be worth approximately $8,500.
So in the last couple of months, you would have collected $3,500.
Let me ask you a question, would that have off-set what you would have paid at the petrol pump?
Of course it would have.
Now, why did I mention BHP? Most people don’t know this, but BHP is a massive producer of oil. Everyone thinks that they are a steel company.
So what does all this mean?
This is how the wealthy think. When prices of commodities or everyday things start to climb, the wealthy don’t whinge and moan, they think, “who’s going to benefit from these increases?”
When you think about it like this, it’s pretty simple.
Here’s another example. Food prices are another topic of discussion, so if you want to offset your shopping bill and perhaps even make some profit along the way, let’s ask the question… Who’s likely to profit from the increase of food prices?
That’s your homework for the weekend.
The fact of the matter is that most people don’t even have an account open with a broker to take advantage of the market anyway.
If you’re reading this, shame on you. You are obviously interested in all things money, but to simply watch, sit on the fence and spectate isn’t an option.
Get in the game!
So the next time you whinge about food prices, petrol prices, insurances, stop yourself and ask yourself the question… Which companies benefit?
There are profits in the answer to that question.
That’s how complicated investing really is. Not complicated at all once you switch your thinking.