After overthinking about it for a long time,
I have decided to make a couple of changes to the Weekly S&P500 ChartStorm
I will briefly explain what and why...
Firstly, I want to thank you for following me and the ChartStorm. Your interest, comments, and occasional praise mean a lot to me.
As some of you may be aware, Iβve been going at it on the Weekly S&P500 ChartStorm *non-stop* every weekend for over 7 years now...
Throughout that time the basic format has been mostly unchanged (tweet out 10 charts on the stock market) -- but the content and commentary have grown and evolved over time, and as far as I can tell so too has its reputation and usefulness
And I have every intention of keeping the ChartStorm going for another 7 years!! π«‘πͺ
But 2 things will be changing going forward:
-Substack maxi
-Going paid
Substack Maximalist
-going forward the Weekly ChartStorm will only be available *exclusively on Substack*
Going Paid
-going forward charging a small fee of $50/yr
BUT WHYYYYYY....
Why I am going Substack-Maxi on the ChartStorm
-better reader experience
--convenience of it all on one page
--reliability of delivery vs twtr algorithm
--greater ability for me to add nuance, insight
-reduce platform risk
-better forum for more thoughtful Q&A
-simplification
Why I am going Paid
-choice: quality of growth vs quantity of growth
-because tried ads and it sucks
--too much trouble
--bad user experience
--dilutes independence
-(probably) raise quality of audience/interactions
-makes the whole thing more sustainable
-because it's worth it
Why $50/year?
I picked $50/year as my best-guess happy-medium between recognition of value vs leaving value on the table, as well as still maintaining affordability and accessibility (who among those who care about chart storm can not afford 50 bucks?)
I believe these changes will enhance the whole thing, and make my next 7 years of Chart Storms all the more sustainable. It also means I can focus more on bringing you the best, most insightful, interesting and thought provoking charts to help you make sense of markets...
So at this point there's only one thing left to do!
Slightly different format than usual given quieter time-of-year: focusing on some of the more timeless charts of the ChartStorms of the past year or so... π€π§π€
1. Plenty of folk out there telling you to buy and hold and dollar cost average and focus on the long-term
Which is all well and good, but just be mindful that lost decades are actually relatively common...
(just my own personal rules, but I think they make sense so encourage others to use as they see fit)
1. Give credit to the source if you share a chart
try to source it to the original creator if possible
1.1. if you got the chart off twitter then @ the source's twitter handle (either in the tweet e.g. h/t @... or at least as a reply to the tweet if you can't squeeze it in)
[of course you can just QT/RT, but sometimes it does make more sense to share the chart in a new tweet]