 While most people lose money due to inflation, some are making a lot of money from it because every problem presents an opportunity. The question is, can you profit from inflation in 2024 and beyond? The answer is yes. In this video, I will share with you three keys in preserving and creating wealth in this uncertain economy of 2024. It was March 17, 2022. I was serving Facebook at home when I suddenly saw this fit. The Fed has decided to raise its interest rate by a 2.5 basis point. At first, it didn't seem to be a big news. After all, the interest rate has dropped to almost zero since 2008 and had risen to slightly above 2.4% since 2015. But then the Covid crisis brought it back down to earth. So just like any other investors, I thought that it was no big deal. And the market continued to trend upwards. Just when I thought that I would continue to make money from the stock market, it began to turn. When the Fed raised interest rate not just once, but 11 times in total, from 0.25% all the way to 5.5%. The market reacted violently, dropping over 27% in a short nine months. If you started investing back in 2022, I completely understand your pain. Every day, it's a pain to open your account just to see a seed of red, and your losses piling up even more. And guess what? Even to today, the rate remains to be high because the US is still facing high inflation. However, don't be discouraged. The good news is, if you start practicing the three keys that I'm going to share with you, you can turn your losses into profits just like me. So make sure to give this video a thumbs up, subscribe and watch this video all the way till the end to unlock all the secrets. Let's go! Key number one, know what works best for you. There are many ways to create wealth from forest trading, option trading, stock investing, crypto, property, you name it. I've heard many success stories, but at the same time, also so many people facing losses. The key is not about the instrument. The key is to ask yourself what works best for you. If you have a high risk appetite and very disciplined emotional control, trading might be suitable for you. On the other hand, if you don't like to monitor the market and you have the patience to wait out, investing might be a better choice. The worst is to force yourself into doing something that is unsuitable. For example, if you are very skinny and you go and wear very big clothes like XXXL, it won't look good on you. Similarly, if you don't have the patience to sift through hundreds of pages of annual reports, you are very likely to lose money as a long-term investor. That's why it's so important to understand more about yourself and your risk appetite before starting your financial journey. So after understanding yourself, if you find that you are somebody who is emotionally stable and at the same time don't mind to be more active, trading might just be for you. If you are looking to start your trading journey, let me introduce you XM online trading platforms with over 10 million clients since 2009. XM is the broker of choice for traders of all different levels. The platform supports over 30 languages and offers 50 currency pairs. You can trade 24 hours a day, 5 days away with very tight spreads and no recodes. Plus, it offers XM copy trading. You don't need to be an expert standing hours analyzing charts. You can choose to copy traders with a proven track record so that to increase your trading consistency, open your account via the link below to get additional bonuses today. Now let's get back to the video. Key number two, always have a long-term investment game plan. Whether you think that you are suitable for trading or investing, I truly believe that everyone should have a long-term investment game plan. Because no matter how smart we are in trading a market or picking individual stocks, we just can't be right all the time. Even the most successful investors like Warren Buffett and the late Charlie Munger have lost millions in investing in individual stocks before. Renowned trader George Soros also faced losses. On February 14, 1994, he suffered a 600 million loss due to an incorrect bet on the Japanese yen's direction against the US dollars. The misjudgment underscores the unpredictability of the market even for experienced traders like George Soros. That's why Warren Buffett has repeatedly advised retail investors to just buy the index fund, which has historically given investors an annualized return of 10% over the past 50 years. If you have started investing $10,000 annually into the S&P 500, after 30 years, your portfolio would be worth over $1.9 million. Imagine retiring with $2 million without having to worry about the market fluctuations just like many of my students have. Here comes key number three, invest in yourself. Whether you like it or not, the market can be ruthless, taking away all our hard-earned money if we are not careful. However, there's something that it can't take away, which is your skillset and your experience. As international best-selling author Robin Sharma said, there's no mistake in life, only lessons. As long as you learn from your losing trades and investment, you will definitely grow to become a better investor or trader over time. Over the years, I've faced significant losses and there was a time that I lost over $100,000 in just one short month. And the worst thing is, it wasn't just my money, my parents' money was also inside. However, I chose not to give up and really learn from it, going through all my silly mistakes so that I can develop a proper system for me to profit consistently thereafter. And eventually, I developed my own A2Z investing system, which has helped me to build my own million-dollar portfolio by the age of 30. This skillset has allowed me to buy my own million-dollar private property in Singapore about two years ago and also given me the flexibility and freedom to become a full-time investor and content creator. Although investing has been a rollercoaster journey for me in the past, but once I developed this A2Z investing system, the whole process becomes so zen, so peaceful, and I'm really grateful for all the wealth I have accumulated because of this. So if you want to learn this A2Z investing system, make sure to join my Telegram channel, Aligato Investor, to get started your investing journey. And if you are new to trading, do check out XM for their free trading webinars so that you can learn how to do it properly before starting your trading journey. All you have to do is to download the app by the link below. Lastly, whatever things that I share in this video is not financial advice. I share this from my own personal experience, and I hope that it has been useful for you. If you enjoyed this video, remember to give it a thumbs up and subscribe to my channel. Also check out the custom playlist that I created for you featuring my popular videos on investing so that you can start to grow your wealth safely, the Aligato way. Thanks for watching. Until next time, Aligato.