Veteran macro trader who correctly forecasted S&P 500 rally has a shocking advice
Veteran macro trader who correctly forecasted S&P 500 rally has a shocking advice originally appeared on TheStreet.
Veteran trader and renowned market analyst Peter Brandt issued a surprising message on June 30, cautioning that trading is the "wrong path for 95% of people."
Brandt, widely respected in the financial industry for his technical analysis skills and decades worth of experience in volatile markets, recently laid out an easy-to-follow monthly investing plan for regular traders. His financial advice included investing 80% in the S&P 500 ETF ($SPY) and 20% in Bitcoin, reinforcing his faith in cryptocurrency over the long run.
In a candid post on X, Brandt stated that most individuals would be better served pursuing alternative careers and should stick to a basic investment plan.
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Brandt has diligently studied commodities and technical stocks for over 40 years, gaining experience first at the Chicago Board of Trade in the 1970s before establishing his independent trading enterprise, Factor Trading Co., Inc.
He is also well-known for his market insights and trading analysis, particularly in crypto, forex, and commodities. Interestingly, he has been accurate in nailing the S&P 500 projection.
Now, the veteran professional trader says, "Trading is the wrong path for 95% of [people]. Most would be better off becoming excellent at a day job (engineer, plumber, welder, vet, sales)," a change in perspective not many predicted.
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Speaking to his 798.9K followers on X, where he often shares trading principles, Brandt encouraged his followers to live frugally, get married, have children, and invest prudently.
Brandt also recommended purchasing a "twin home" to generate rental income, advising readers to keep their eyes on "the prize: financial independence."
His 43,000-view post sparked discussion about financial literacy and realistic wealth development, especially at a time when major corporations are adopting Bitcoin as a treasury strategy.
Many executives, including Ledger VP Sébastien Badault, believe that Fortune 500 companies could eventually allocate 10% of their corporate treasuries to Bitcoin.
At press time, Bitcoin is trading at $107,554.19, a price appreciation of nearly 75% in a year, as per Kraken.
Veteran macro trader who correctly forecasted S&P 500 rally has a shocking advice first appeared on TheStreet on Jun 30, 2025
This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared.
