Learn To Trade and Invest For Consistent Income with RC Peck

RC Peck is a Veteran and LP Master Practitioner and Certified Financial Planner. He founded Fearless Wealth over 22 years ago to train investors to avoid the crashes while fully participating and those long bull markets that can last for years to decades, all without drama. His specialty is training people who have tried everything to help them quickly get control back over their investments and wealth.

RC Peck’s background is to figure out how to keep the trauma, drama, volatility, instability, and all things unnecessary in your financial life to keep them out of your portfolio. He spent a good deal of his late 20s really kind of figuring out what and what doesn’t work. RC has Dyslexia and this didn’t hinder him to start his company in 1998 to really pull the trauma, the drama, the fear, the anxiety out of investing, and to really just get the big picture right, and just grow your money in just a powerfully simple way.

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Brett:

I’m excited about our next guest. He’s a Veteran and LP Master Practitioner and Certified Financial Planner. He founded?Fearless Wealth?over 22 years ago to train investors to avoid the crashes while fully participating and those long bull markets that can last for years to decades, all without drama. His specialty is training people who have tried everything to help them quickly get control back over their investments and wealth. How? by making investing powerfully simple by learning how to read street signs, while driving at 65 miles per hour. Please welcome to the show with me,?RC Peck. How are you, sir?

RC:

I’m pretty good. Thanks for having me.

Brett:

Absolutely excited to be here. By the way, we’re also streaming on expertcresecrets.com. There are some things that the commercial real estate world can learn from individuals in the financial planning world. So RC, before we dive into some of the specifics about being able to make great decisions when investing in the stock market, would you give our listeners a little bit more about your background and current focus?

RC:

Yeah, so I mean, my background, I’m a single dad, I have dyslexia. My parents had their life savings embezzled when I was 19, my first year in college, by their trusted financial advisor. So you know, when you say my background, I think kind of different parts of my life in regards to kind of what we’re doing here is to really kind of crack the code on what really works, not just what sounds good, or what sells well. So my background is just figuring out how to just keep trauma and drama and volatility and instability, all those things are unnecessary in your financial life to keep them out of your portfolio. And so I spent a good deal of my late 20s really kind of figuring out what and what doesn’t work. And a lot of what ended up helping me was that I had dyslexia. So reading was extremely difficult. I could read, I just, if you asked me at the end of the page, what I read, I’m like, I don’t know what I read, read it yourself. But it was undiagnosed. So it was kind of difficult growing up in a conventional education program, even in a good school. So I kind of bring some of those unconventional, you got to see it, how do you see it, you have to see it in a way that’s unbiased, it being the investment. So that’s a little bit of the background, and I started a company in 1998 to really pull the trauma, the drama, the fear, the anxiety out of investing, and to really just get the big picture right, and just grow your money in just a powerfully simple way.

Brett:

Amazing. Looking forward to dive into some of those simple ways to pick the strongest stocks with RC Peck here. By the way, you can find RC Peck at?fearlesswealth.com. Before we go there, RC I like to get to know you a little bit more and help our listeners to get to know you a little bit more by asking you to imagine yourself back in high school. You know, perhaps even in the university days, perhaps you’re already in Seattle, Washington. Your younger self, right? You know, and I want you to picture perhaps one or two gifts that you believe that you might have maybe some people call them strengths or superpowers that maybe you identified at a younger age. I believe we’ve all been given certain gifts to be a blessing help to others. So I’m curious, what are one or two gifts that are strengths that you believe you are given? And how does that help how you help and bless people today?

RC:

Gosh, I mean, thinking back to that kid, right? I’m 50 in a couple of weeks and that kid depending on where he is in the timeline, you know 15 to 22 years old so you know when you ask the question and I actually like questions that I don’t know are coming because it makes my brain really think back and not prepared. And so I think that kid back then I grew up in Illinois, I went to college in Illinois. He was actually pretty good at not having to like belong to a click or have to posture have to behave a certain way. I was likable right? So it wasn’t that but you know in you asked me that Like, of course, all kids want to belong and all people want to belong. But I think there are parts of me that we’re okay with not belonging and not maybe losing myself in a group, I still wanted to be part of groups and part of organizations, but just kind of noticing that I could be autonomous, but still be connected.

Brett:

I think that’s a great answer. And really, really a way perhaps that you can help people think and so I think this is probably because you’ve probably thought different along the way, or weren’t afraid to think differently and do things a little differently. Is that a fair summary?

RC:

Yeah, I mean, I’ll say this, I had to think differently. I was growing up with a brain that didn’t understand letters, words, sentences, paragraphs, pages, chapters, or books. And guess what that’s as you get measured on your IQ, and that’s how you get into school. So I didn’t know that at the time. But I figured out how to get good grades without knowing how to read.

Brett:

And sometimes our weaknesses, become our strengths, and become our biggest superpower and help other people. So I think that’s wonderful. So now let’s dive right into simple ways to pick the strongest stocks. So RC, what’s the number one secret to simply picking the strongest stocks?

RC:

So look, you have to see what you’re buying. That means looking at a price chart, I’m going to keep a lot of the nuances out of it. But the first thing is, you have to buy something that is already doing what you want it to do, we’re not taught this, we’re taught to buy low sell high, if you do that, it probably means the thing is falling or buying deep value. So and I’m not necessarily expecting I’m not here to pitch the idea, I’m just letting you know what I’ve noticed in working with people over two decades that if you show someone a simple price chart, and you teach them that all things, you know being equal, the thing in motion stays in motion, meaning it is trending higher, that find that one thing, now we actually have it I call it the free stock market rate of return. Simply it’s just the US stock market, that one thing is incredibly difficult to beat, like incredibly difficult to be especially if you add in dividends reinvested. So the first thing is, look, you’ve got to be able to match this free stock market rate of return, which includes dividends, that’s where you want to start, not where you want to end up. But just start with the thing that almost no advisor, no person can be over any five-year period. And so that’s the first thing. If you want to buy a symbol, it has to be outperforming that free stock market rate of return, right? I mean, it kind of makes sense, right? If you can get something for free, that’s going to be “everyone” over a five-year period, you start there. But if you want to add a symbol, that’s fine, add a symbol, but it has to be outperforming that free stock market rate of return. So what’s going to happen is it’s going to filter out 99% of symbols, stories, narratives, hope, and it’s going to leave you with really the strongest parts of the market, which is, which is what you want, right? I mean, price direction is what’s going to make your portfolio go up or down. So you’re answering that question, it’s looking and having this true filter saying I only buy when it’s stronger than this.

Brett:

Okay, got it. So first, let me see it, make sure I captured that. So number one, you have to see what you’re buying. He says simply. I think said price chart right. Things the most the stain motion. So you’re actually understanding, be able to read that, I guess is a better way to put even though you’re seeing it, you’re actually understanding and comprehending what you’re seeing. And then second, we want to make sure that it’s matching the free stock market. I’m not sure I understand what you’re saying there. Maybe you’ll dive into that. And then make sure if you’re picking a symbol has to be outperforming that so would you clarify further what is the free stock market?

RC:

It’s my own term. There’s no industry term, the big box advisor world doesn’t have this term. But what I just realized is you could go buy the s&p 500 through a tracking symbol, right? There are dozens of tracking symbols that can track the s&p 500. You can click a button on your brokerage site and you reinvest dividends, okay, so just right there, you’re going to be almost everyone over any five-year period. Right? So let’s just start with owning the US stock market and just clicking a button and reinvesting dividends. That alone is going to put you in front of or it’s going to put you in the top 1% of all investors, which I think should be the goal of most people know it’s only one symbol, which freaks out a lot of people because they’ve been taught you need 50 symbols, first of all, the one symbol has 500 companies in it. But there are lots of things that people have to come to terms with to grow their portfolio better. And one is more symbols, worse performance, more trading worse performance. And this is someone who teaches people how to trade properly. So the free stock market rate of return, even when ETFs weren’t free, I still like looking for 95 is free, four basis points are free. Now, you can get these symbols with zero basis point and you know, no, no commission. So it’s the free place in this breaks people’s brains like but financial advisors, big-box advisors, the some of the tallest buildings, they certainly were the tallest buildings in any town before tech. And so it’s like, that can’t be true. Because there are floors of people like there are these research departments, and they all fail to be this one symbol. So start with the one symbol. And then if you want to add, that thing you add has to be outperforming other than otherwise, you’re just bringing in, you’re dropping another anchor off your boat, you’re just slowing down the growth of your money.

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