RSI Explained. Learn About The Relative Strength Index Here!

RSI Explained. Learn About The Relative Strength Index Here!

Author: Matt Franklin - entrepreneur, investor, consultant, video producer, retirement nerd August 15, 2022 Duration: 14:32

Sometimes you're looking at your retirement account. You're thinking to yourself, "Self? I'm gonna need this money to live on for, like, 30 years. If I'm gonna make an investment, what are some indicators that could help me make that decision?"

We've all had this chat with ourselves thousands of times, right? Well, maybe not, but either way, sometimes, before you do something that you might regret, like smoking crack, hiring a hooker from Craigslist, saying 'yes' when your buddy says, "Smell my finger," or buying Tesla stock in 2022, you want some help, maybe some kind of INDICATOR that might sway you to say YES if it's a good idea, and NO if it's a bad idea.

Well, there are a hundred indicators that can provide that help when you're talking about investing. Today, we're talking about the Relative Strength Index, or RSI and how it might help you make decisions when you're considering buying a certain stock, mutual fund, ETF or cryptocurrency.

The long, drawn-out explanation, with the eye-crossing equations used to determine a given RSI, can be found here:

https://www.investopedia.com/terms/r/rsi.asp

Here's that Finviz chart for the Sprott Uranium Miners ETF:

https://finviz.com/quote.ashx?t=URNM

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If you have a question you’d like me to answer on the podcast, email me at matt@rogueretirementlounge.com

Check out more episodes at my retirement planning podcast website: https://www.rogueretirementlounge.com/

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Matt Franklin has worn a lot of hats-entrepreneur, investor, consultant, and self-proclaimed retirement nerd-and he brings that full spectrum of experience to Rogue Retirement Lounge. This podcast is built for the self-employed, the freelancers, and the business owners who find traditional financial advice doesn't quite fit their unconventional path. Forget the dry lectures; here, retirement planning is about actionable strategy and building real freedom. You'll hear detailed discussions on constructing a portfolio that goes far beyond the stock market, focusing on tangible, cash-flowing assets that aim for better returns with managed risk. Episodes dive into the nuts and bolts of self-directed IRAs, the realities and opportunities of investing in real estate, and the practicalities of considering a retirement abroad. Matt also breaks down essential, often overlooked tactics for legal tax reduction and robust asset protection, ensuring what you build is safeguarded. As a Bitcoin enthusiast, he naturally explores where digital assets fit into a modern, diversified plan. The conversation is always geared toward creating a resilient financial future that aligns with an independent lifestyle, making this podcast a resource for anyone who wants their retirement to be as dynamic as their career has been.
Author: Language: English Episodes: 109

Rogue Retirement Lounge with Matt Franklin: Entrepreneur, Investor, Bitcoin Enthusiast
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