Sylvester Stallone, and his costars in the movie The Expendables, rang the opening bell at the New York Stock Exchange on August 19th. In his interview with CNBC, I was shocked to find out that The Expendables, which Sylvester Stallone co-wrote, directed, and starred in, had the biggest opening weekend of any movie he has ever been a part of. The Expendables made $35 million in a couple of days and now Stallone, in his mid Sixties, has rejuvenated his career. It got me thinking, if he can do it, why can’t you?
Stallone had major success early on with Rocky. He enjoyed A list status in Hollywood for nearly 20 years before his star, like that of so many aging action heroes, began to fade. Like Stallone, many of The Stock Enthusiast’s readers have seen their share of success and failure but in the stock market rather than in movies. Presently, most people are still reeling from when the stock market drastically fell in 2008 and the beginning of 2009. Though many of their 401K’s and IRA’s have recovered from lows, most people are afraid to dip their toe back into the investing and trading world. They have been scared out of the stock market.
Stallone didn’t make many movies from 2001 – 2006. I assume many people in Hollywood told him he was washed up, too old, and not good looking enough anymore. Stallone was probably afraid of making another flop, but instead of taking the easy road and turning his back on Hollywood he persevered. He had mediocre success with another Rocky movie in 2006 and another Rambo in 2008. Now, in 2010, he has grabbed the brass ring.
You also need to persevere. Don’t turn your back on the stock market. If you lost money, learn from your mistakes. There isn’t a better way to supplement your income than trading and investing and you too can see more financial success than ever before.
If you’ve lost money in the past it’s probably because you didn’t know what you were doing or you entrusted your hard earned dollars to someone else and they didn’t know what they were doing. If that’s the case it’s time to get a financial education and to fire your stock broker. Personally, even after 11 years in this business I still consider myself a student of the markets. I am constantly learning about new trade ideas and investments. Also, I manage my own personal wealth and have never let anyone else have that job. Though not all of my trades have always been right, like Stallone, I have persevered. That perseverance has paid off handsomely for me but I truly believe that my best years are still ahead of me.
In my wildest dreams, I never thought I would be writing a post that had anything to do with Sly Stallone, or how he is an inspiration. However, sometimes life works in mysterious ways. The fact is that this man continues to do what he wants to do, no matter how many flops he has made, and is finding more success in his Sixties than he’s ever had. It’s a lesson for all of us; don’t let age, fear, or past failures dictate your financial future. Learn more, read more, and get more involved in the stock market. There’s plenty of money to be made and your biggest successes lay ahead of you. (And if you need some motivation once in awhile, you can always think of Sly and play the song “Eye of the Tiger!”)