The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
He is definitely not "Passive" lol. As Dave Collum notes, the index ETFs buy more expensive stuff as it becomes more expensive, because it is a bigger part of an index. The real question is - who is the natural buyer when a bigger segment of the population loose their jobs or get scared and turn off their contributions to index ETFs and/or sell.
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $124k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area. there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive.
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 15 years of experience is certainly striking! very much appreciate it
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Catherine
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
“Clouds are not spheres, mountains are not cones, coastlines are not circles, and bark is not smooth, nor does lightning travel in a straight line.” ― Benoît Mandelbrot
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Diversification is the secret to optimal performance during a recession. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance
Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.
I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times. Green was amazing in his prime
the strategies for maneuvering economic storms and diversification are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Mike green definitely did great, Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.
Couldn't agree more and beauty in its simplicity. Been right in front of us all this time. Conversation blew my mind and scary to think the movie hasn't even started running in reverse yet in terms of outflows
Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
“Iynne Marie Stella” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,
Everyone needs a different stream of income , unfortunately having a job doesn't mean security due to the high rate of tax , one needs to move ahead their expectation, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for sharing, I must say, Carol appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
man this was incredibly insightful the whole time. really really good discussion. thanks for putting these awesome interviews out. you always ask great questions :)
My brain hurts but in a good way staying up with all the content of this interview. Prof. Plum is one of the sharpest thinkers on markets and investing! Thanks.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
So how exactly can we guard against the coming financial reset for 2025? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Stacy Lynn Staples" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Thank you. Great episode. A must watch! Some may need to watch more than once as some of the material will be difficult for the less experienced. Mike is one of the hardest working professionals I have witnessed over my decades of involvement in the market as a professional.
Listened to Mike green a few times and know he’s intelligent but loved how he was just able to go on with his thought process. Love when people like this can make you think about the underlying currents, I had already come to recognize that everything has been trading on only momentum day to day but how we got here and the Americans dependence on that continuing on an upward direction…good stuff
Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading.. I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million
Mike is one of the sharpest macro/money managers I've watched. I've heard other money managers even refer to him. Good conversation,.. although more on passive money management than the oncoming recession. Toward the end he says something along the lines of,... "those who think the 7% fiscal deficits have inflated the economy and the stock market are mistaken",.. but the later says that "what people didn't understand about March of 2020 (in it being a time to buy, NOT sell) is the amount of money being pumped into the economy". The unnecessary and unprecedented steady stream of depression and WW level deficit spending over the last 4 years when we weren't in a recession or a WW by the Bribem admin IS pumping money into the economy. The war on fossil fuels , the lifeblood of the economy and the foundation on which all other prices bear, and the out of control deficits Contrary to what the Bribem admin and apologists say,.. "this inflation is not Bribem-nomcs fault because it was global",... it was NOT global. Inflation varied all over the world. From deflation in Asia to stable prices, in the middle east, to low inflation, to some higher inflation rate areas.. (aside from the usual banana republic and Africansuspects).. like the UK and Western Europe,. It started like a pandemic in the US and spread to other nations as they followed the US's fiscal and monetary policy lead. This deficit spending which went quickly to businesses and consumers etc as high velocity M1,.. was beyond what was helpful during the actual pandemic,.. it was vote buying. Government spending was 50% higher in 2021, '22, '23 and '24 years after the pandemic was over than the year before it started. Looking at the budget details there were all kinds of pandemic legacy give aways that should have end with FY '20 but continued. As of 3 to 6 months or so ago. there were commercials on TV and radio saying you can still get your pandemic PPP for your employees. The point,.. these unnecessary deficits kept the market and this economy afloat and generated the inflation QTM (MV=PY and dM% + dV% = dP% + dY%) says dP% (inflation) = dM% + dV% - dY% Where dM% = change in M1 in this case. dV% = change in velocity (velocity being the ratio of Nominal GDP/M2 approx 1.33),. the change usually assumed to be zero. dY% = change in real GDP 4% inflation = 6% dM1 - 2% drGDP,.. Or,.. if it is assumed dV% is not zero then using the change in M2 which as declined by abut 3% -3% dM2 + dV = 4% dP + 2% dY then the velocity of money changed by about dv% = 4% + 2% + 3% = 9%. as a result of deficit spending That is either the deficit spending causes inflation because it goes directly to consumers with no obligation to be paid back or It increases inflation by increasing the velocity of money, even though there is an eventual treasury to pay back,.. it doesn't go through the fractional reserve banking system where there would no doubt be an obligation to pay it back,...and therefore retire the additional money supply as it is paid back,.. which makes it NOT inflationary,.. because the money supply ebbs and flows with economic activity, In government spending it mostly just flows.
In other words,... the government never pays off its debt,... it just issues more treasuries when the older treasuries mature. The money supply can't shrink. And although many will claim that treasuries are the same as cash, and it could be,.. treasuries are not included in any of the money supply numbers,.. M1. M2,.. but strangely Fed reserve deposits are included in base money or M0 or MB,.. which is not included in M1 or M2. As aside,... The Quantity Theory of Money might not appear to be obsolete except when you wrestle with it enough as was done above (but the assumption that velocity is zero,.. by credible economists like Hanke and even the late Friedman renders it inaccurate at best when claimed inflation is strictly and solely a function of the change in M2,.. although Friedman more accurately said inflation was the change in money supply above the change in real GDP growth),.. if treasuries were included in money supply. Back,.. The Fed buying the debt during QE creates reserve deposits (as opposed to reserve notes) that remain in the banking system used to generate loans,.. that are paid back. This helps to subdue the inflation QT would then exacerbate inflation because a. creates more supply and b. it causes the cost of money needed to buy treasuries to rise. That is, interest rates to rise as the money needed to buy treasuries is in competition with other investment options,.. opportunity costs. Bottom line,.. when the government deficit spends, it inflates the economy, equities, etc as outlined above,..as it did in the second half of 2020. Inflation in general is a function of supply and demand. The supply and demand of energy, commodities, labor, equipment (capital),.. and possibly most importantly the supply and demand of money where money has 2 components,.. 1. Monetary/bank debt created money and 2. government fiscal policy money.(deficit spending).
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Stewart.
In these unpredictable times, it's crucial to manage money wisely and invest prudently. My $240k reserve has been idle with little profitis not increasing more than 5% and people are predicting a crash, inflation is eroding my savings. I need a solution to protect and grow my funds.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Sounds like you listened to the David Lin video with Clem Chambers or maybe clown George Gammon. Probably a lot, but the yen carry trade unwind isn't driving this. The yen carry trade unwind was driven by the BOJ raising its rate. The plummeting yields on the treasuries and the stock indexes say,... everyone else is jumping out stocks and into treasuries,.. due to the surprise jump in unemployment. 4.3% vs 4.1% expected. And as one of these videos said,.. the Fed, the big money,.. new the numbers before the meeting. That's when yields started to rise earlier this week. YesterdayFriday was when everyone else found out. As Jack mentioned,... there's a high probability the Fed could cut by 50 bps in Sept and the following meeting.. If not in an unscheduled meeting. 100 bps which would be create a huge gain in bond prices.
Not a knock on you but a genuine question - is FIGs poor performance really representative? I did some quick math and seems like FIG is 0.3% of their total ETF portfolio? Their top 4 or 5 funds (by net assets) are pretty positive. Am I missing something?
The outsourcing of production to Asia has been the source of all our problems in the West. Destruction of the middle class, the rise of populism, money printing to smooth it all, housing bubble, inflation, a battle between the sexes, declining birth rates, decline of relationships between youngsters. It all started with greedy business managers about 40 years ago who only saw dollar signs and were not bothered about politics and the consequences of their greed. Everybody has a story in their own village and town about manufacturing companies that disappeared. There is a very important lesson to learn here.
Mike is really missing the big picture. The problem is not passive investing per say. Had all that money went to actively managed funds would we really get a much different result? Would active managers really spread the money more evenly around to smaller companies? Would they really allocate better strategically between assets on the aggregate? The answer is an obvious no, no and no. All active investing would do is create more volatility and push the market to vary more between allocation extremes. The real underlying problem of all the asset bubbles is the excessive money creation in the system. We don't see it in the CPI because so much of the liquidity is staying on the sidelines in assets, at least for now. The problem is why is there so much paper savings generated every month in an economy that barely increase the production of any real quantity of goods and services. These paper savings are all a fraud and they represent potential purchasing power that is many orders of magnitude of the real goods and services in the economy. If ever all this potential purchasing power tried to convert to real goods and services then the whole system will blow apart and we will have COVID inflation times X.
I don't think "bonds were meant to be a hedge for stocks" is true. Maybe that's how we interpret them today, but bonds are simply means of financing that eventually became publicly available. We need to simplify (no pun intended) the way we think about things in finance.
I finally understand a bit of what this guy is talking about. So the passive investment funds have created price insensitivity in the stocks because they have to invest the funds they get. But, I don't get how that is a risk to the overall market. If the passive inflows stop, people will just chose actively managed funds instead as they have to put their retirement money somewhere. If might mean that the large cap stocks crash but that would be bullish for other companies in the market.
I'm no longer confident in my investment strategy due to the impending recession. I aim to reallocate my $250K portfolio. What's the most effective strategy to do it right?
Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.
MIke is brilliant, Jack is great, Jack + Mike = fantastic interview. If you don't find this at least a little frightening you probably didn't understand it.
Fig down 15% since 2022. What's smart about that? Since 2022, the price of gold has experienced significant fluctuations. At the beginning of 2022, gold was priced at around $1,800 per ounce. Throughout the year, prices were influenced by various factors such as inflation, geopolitical tensions, and changes in interest rates. The lowest point in 2022 was approximately $1,622 per ounce in September. By 2023, the price of gold started to rise significantly, driven by increased demand from central banks and investors seeking a hedge against economic uncertainty. Gold prices reached around $1,900 per ounce at the beginning of 2023 and continued to climb throughout the year, ending at about $1,940 per ounce by the end of the year. In 2024, gold prices continued their upward trend, reaching new highs. As of late July 2024, the price of gold was approximately $2,386 per ounce. This rise represents a significant increase of about 22.65% from the previous year. The increase has been attributed to factors such as continued economic uncertainty, geopolitical tensions, and strong demand from central banks and investors [[❞]](tradingeconomics.com/commodity/gold) [[❞]](ycharts.com/indicators/gold_price_in_us_dollar) [[❞]](www.gold.org/goldhub/data) [[❞]](www.gold.org/goldhub/data/gold-prices).
As a layman I instinctively felt target funds are rubbish, and so is the standard age based stock/bond allocation . As i get older i use more cash muni etc plus more volatility within a small % of my total portfolio.
@@vickie8774 Frankly that is widespread in Finance, especially the quantitative side of it. I'm just super confused what the his thesis on passive investing is. Is there something we don't know already?
Curious, so should passive ETFs behemoths (ex. Vanguard, BlackRock, etc.) be broken up? It seems like they're creating market distortions and all sorts of other problems.
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
Hat’s off to Any Gentleman honest enough to say “I was wrong “, on UA-cam. Maybe a little bit incorrect on timing, (and I continue to be amazed about certain Players can kicking abilities), but ultimately, Everyone that isn’t selling Rainbows, is saying the same thing. There’s a long way, and a short way to get to zero, but in the end, the results are the same.
Jack, IBM was not Apple’s competitor back in the day. It was Microsoft. Let’s compare those charts - maybe still neck -n-neck. Mike Green is a phenomenal resource for information and perspective. Had to listen twice to absorb it all esp in respect to the giant mindless passive investment robot and all the aspects that influence it as well as how it corrupts investment goals and strategies. All that aside. Great Interview Jack. You always bring it!
Uh, Microsoft was nowhere to be found in the 80s. You’re obviously too young to know. IBM is the one that took out Apple in the 80s. By the time Microsoft came around and got big Apple was already done. Know history before you talk. I don’t need google, I was alive.
Usa lecturing other countries..and de-stabalise the countries Now bricks are making business in there country currency And usa is DYING "MAKE AMERICA ALIVE AGAIN"😂😂😂
A 401k is a losing strategy in most cases. With limited funds to invest into and management fees, you'll be lucky to keep the employer match. Just buy Bitcoin on your own and opt out.
Why is he claiming that passive investing inflows are distorting the market? Money going in market cap weighted keeps the proportion. This guy makes absolutely no sense.
Am left wondering why you are discussing markets as if they are wildly owned? - when, in reality stock market ownership is, at best, concentrated among the top 5% - with probably a "80/20" distribution within that same 5%... - for the same reasons, almost all federal taxes are paid by the very rich and is very closely correlated with stock market gains - now causing the USA to no longer have an economy and only a stock market roughly twice the size of the "economy.."...
Most Americans with pensions own stocks via their pension funds. Market ownership is concentrated amongst the rich like you say, but pension funds own a lot of stocks on their clients' behalf. So, most people have money in stocks.
Okay. Today's job-report offers a different conclusion, not in accordance with "already in recession since 1/4 4 2023." Who knows though, maybe Mr. Balding-white guy is correct after all ... 🤗
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The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I love listening to Mike Green. He makes me feel smart, informed, and terrified.
This guy is the goat of sounding smart but being wrong 😂😂😂
He is definitely not "Passive" lol. As Dave Collum notes, the index ETFs buy more expensive stuff as it becomes more expensive, because it is a bigger part of an index. The real question is - who is the natural buyer when a bigger segment of the population loose their jobs or get scared and turn off their contributions to index ETFs and/or sell.
I have a EMBA from Kellogg Northwestern and Michael Green makes me feel like he should... uniformed with a lot to learn...
@@PFlow007 EMBA means nothing bro
He’s the best “Sound Smart” guy who generates negligible money for you
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $124k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area. there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive.
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 15 years of experience is certainly striking! very much appreciate it
"The best argument against the efficient market hypothesis is a 5 minute discussion with the average market participant"
My favorite example is the bond market in 2021. Inflation kept ticking up, but bond rates weren't budging. That's totally irrational
This guy is the goat of sounding smart but being wrong 😂😂😂
@@yvrytry5rcthe question is the time horizon
@@yvrytry5rc which guy?
lmfao
"The point of panic is to take advantage of other people's panic" - Mike Green
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Wow you give me hope
Am 49..am From norway…
Please how's that possible, I'm curious
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Catherine
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
she's mostly on Telegrams, with the user name.
CLjoanna that's it...
“Clouds are not spheres, mountains are not cones, coastlines are not circles, and bark is not smooth, nor does lightning travel in a straight line.”
― Benoît Mandelbrot
"unintended speculation by index investors" such a good way to put it
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Diversification is the secret to optimal performance during a recession. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. She seems very proficient and flexible. I booked session with her
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance
Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.
I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Really enjoy your interviews, you definitely do your homework! The back and forth is always insightful
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
pls how can I reach this expert, I need someone to help me manage my portfolio.
Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery
Most of these veteran portfolio managers already set plans and strategies in place to make the most out of the inflation...
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times. Green was amazing in his prime
the strategies for maneuvering economic storms and diversification are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Mike green definitely did great, Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
Amazing guest. Hats off to the best explanation I have heard for this market
Couldn't agree more and beauty in its simplicity. Been right in front of us all this time. Conversation blew my mind and scary to think the movie hasn't even started running in reverse yet in terms of outflows
Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
“Iynne Marie Stella” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this amazing tip. I just looked up , I wrote her explaining my financial market goals and scheduled a call.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,
Everyone needs a different stream of income , unfortunately having a job doesn't mean security due to the high rate of tax , one needs to move ahead their expectation, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for sharing, I must say, Carol appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Mike Green is amazing and I love Jack Farley's show!
man this was incredibly insightful the whole time. really really good discussion. thanks for putting these awesome interviews out. you always ask great questions :)
My brain hurts but in a good way staying up with all the content of this interview. Prof. Plum is one of the sharpest thinkers on markets and investing! Thanks.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
for majority, the solution to their problem can be found in specialized knowledge, so can as well seek guidance from a well experienced advisor
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
pls how can I reach this expert, I need someone to help me manage my portfolio.
Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
So how exactly can we guard against the coming financial reset for 2025? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
Who is this person guiding you and how can i reach he/she?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Stacy Lynn Staples" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Excellent interview. Mr. Green has some great insights.
Good one. Great hosting. Great guesting.
Thank you. Great episode. A must watch! Some may need to watch more than once as some of the material will be difficult for the less experienced. Mike is one of the hardest working professionals I have witnessed over my decades of involvement in the market as a professional.
This was so informative. Thanks Jack and Mike.
Mike is awesome and he really dislikes crypto and the Bitcoin fraud which is doubly awesome. Great idea bringing him on 😊
This guy is the goat of sounding smart but being wrong 😂😂😂
@@yvrytry5rc That's the third time you've made that comment. Just leave if you see no value in what he's saying.
Absolutely wonderful interview! Blockworks is killing it these days!
Great discussion, learning a lot!
1:19:30 nailed it. It's a ponzi.
Listened to Mike green a few times and know he’s intelligent but loved how he was just able to go on with his thought process. Love when people like this can make you think about the underlying currents, I had already come to recognize that everything has been trading on only momentum day to day but how we got here and the Americans dependence on that continuing on an upward direction…good stuff
Mike hasn't got a single call right in 2 years, so I'm not surprised to see him today.
What calls has he made? You don't listen.
2 years? What an eternity
I love Mike Green. He is like a market academic.
Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading.. I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million
Thank you John Zevr Crypto
How do y'all even make so much from crypto trading?
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
I will mention and recommend John Zevr crypto.
I'm thrilled at the prospect of learning from a coach like John Zevr
Mike is one of the sharpest macro/money managers I've watched. I've heard other money managers even refer to him.
Good conversation,.. although more on passive money management than the oncoming recession.
Toward the end he says something along the lines of,... "those who think the 7% fiscal deficits have inflated the economy and the stock market are mistaken",.. but the later says that "what people didn't understand about March of 2020 (in it being a time to buy, NOT sell) is the amount of money being pumped into the economy".
The unnecessary and unprecedented steady stream of depression and WW level deficit spending over the last 4 years when we weren't in a recession or a WW by the Bribem admin IS pumping money into the economy.
The war on fossil fuels , the lifeblood of the economy and the foundation on which all other prices bear, and the out of control deficits
Contrary to what the Bribem admin and apologists say,.. "this inflation is not Bribem-nomcs fault because it was global",... it was NOT global.
Inflation varied all over the world. From deflation in Asia to stable prices, in the middle east, to low inflation, to some higher inflation rate areas.. (aside from the usual banana republic and Africansuspects).. like the UK and Western Europe,.
It started like a pandemic in the US and spread to other nations as they followed the US's fiscal and monetary policy lead.
This deficit spending which went quickly to businesses and consumers etc as high velocity M1,.. was beyond what was helpful during the actual pandemic,.. it was vote buying.
Government spending was 50% higher in 2021, '22, '23 and '24 years after the pandemic was over than the year before it started.
Looking at the budget details there were all kinds of pandemic legacy give aways that should have end with FY '20 but continued.
As of 3 to 6 months or so ago. there were commercials on TV and radio saying you can still get your pandemic PPP for your employees.
The point,.. these unnecessary deficits kept the market and this economy afloat and generated the inflation
QTM (MV=PY and dM% + dV% = dP% + dY%) says
dP% (inflation) = dM% + dV% - dY%
Where
dM% = change in M1 in this case.
dV% = change in velocity (velocity being the ratio of Nominal GDP/M2 approx 1.33),. the change usually assumed to be zero.
dY% = change in real GDP
4% inflation = 6% dM1 - 2% drGDP,..
Or,.. if it is assumed dV% is not zero then using the change in M2 which as declined by abut 3%
-3% dM2 + dV = 4% dP + 2% dY
then the velocity of money changed by about
dv% = 4% + 2% + 3% = 9%. as a result of deficit spending
That is either the deficit spending causes inflation because it goes directly to consumers with no obligation to be paid back or
It increases inflation by increasing the velocity of money, even though there is an eventual treasury to pay back,.. it doesn't go through the fractional reserve banking system where there would no doubt be an obligation to pay it back,...and therefore retire the additional money supply as it is paid back,.. which makes it NOT inflationary,.. because the money supply ebbs and flows with economic activity,
In government spending it mostly just flows.
In other words,... the government never pays off its debt,... it just issues more treasuries when the older treasuries mature.
The money supply can't shrink. And although many will claim that treasuries are the same as cash, and it could be,.. treasuries are not included in any of the money supply numbers,.. M1. M2,.. but strangely Fed reserve deposits are included in base money or M0 or MB,.. which is not included in M1 or M2.
As aside,...
The Quantity Theory of Money might not appear to be obsolete except when you wrestle with it enough as was done above (but the assumption that velocity is zero,.. by credible economists like Hanke and even the late Friedman renders it inaccurate at best when claimed inflation is strictly and solely a function of the change in M2,.. although Friedman more accurately said inflation was the change in money supply above the change in real GDP growth),.. if treasuries were included in money supply.
Back,..
The Fed buying the debt during QE creates reserve deposits (as opposed to reserve notes) that remain in the banking system used to generate loans,.. that are paid back.
This helps to subdue the inflation
QT would then exacerbate inflation because a. creates more supply and b. it causes the cost of money needed to buy treasuries to rise. That is, interest rates to rise as the money needed to buy treasuries is in competition with other investment options,.. opportunity costs.
Bottom line,.. when the government deficit spends, it inflates the economy, equities, etc as outlined above,..as it did in the second half of 2020.
Inflation in general is a function of supply and demand.
The supply and demand of
energy,
commodities,
labor,
equipment (capital),..
and possibly most importantly the supply and demand
of money
where money has 2 components,..
1. Monetary/bank debt created money and
2. government fiscal policy money.(deficit spending).
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Stewart.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Katherine Stewart strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Thanks guys!
Long live prof plum.
In these unpredictable times, it's crucial to manage money wisely and invest prudently. My $240k reserve has been idle with little profitis not increasing more than 5% and people are predicting a crash, inflation is eroding my savings. I need a solution to protect and grow my funds.
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
pls how can I reach this expert, I need someone to help me manage my portfolio.
Amber Michelle Smith is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
One thing I'd like to hear from Mike:
How many people in the Yen carry trade that's starting to unwind are invested in the passive ETFs?
how many are not
Sounds like you listened to the David Lin video with Clem Chambers or maybe clown George Gammon.
Probably a lot, but the yen carry trade unwind isn't driving this.
The yen carry trade unwind was driven by the BOJ raising its rate.
The plummeting yields on the treasuries and the stock indexes say,... everyone else is jumping out stocks and into treasuries,.. due to the surprise jump in unemployment. 4.3% vs 4.1% expected.
And as one of these videos said,.. the Fed, the big money,.. new the numbers before the meeting. That's when yields started to rise earlier this week.
YesterdayFriday was when everyone else found out.
As Jack mentioned,... there's a high probability the Fed could cut by 50 bps in Sept and the following meeting.. If not in an unscheduled meeting.
100 bps which would be create a huge gain in bond prices.
Amazing! 👍🏻💛
Best interviewee.
Great episode
This is interesting as hell
This guy talks like he is the smartest in the room.. meanwhile his FIG etf is down 15% past 3 years.. where are the results ?
Typically, underperforming funds conduct the most marketing.
Not a knock on you but a genuine question - is FIGs poor performance really representative? I did some quick math and seems like FIG is 0.3% of their total ETF portfolio? Their top 4 or 5 funds (by net assets) are pretty positive. Am I missing something?
Malcolm in the Middle asking some good questions here.
The outsourcing of production to Asia has been the source of all our problems in the West. Destruction of the middle class, the rise of populism, money printing to smooth it all, housing bubble, inflation, a battle between the sexes, declining birth rates, decline of relationships between youngsters. It all started with greedy business managers about 40 years ago who only saw dollar signs and were not bothered about politics and the consequences of their greed. Everybody has a story in their own village and town about manufacturing companies that disappeared. There is a very important lesson to learn here.
Mike is really missing the big picture. The problem is not passive investing per say. Had all that money went to actively managed funds would we really get a much different result? Would active managers really spread the money more evenly around to smaller companies? Would they really allocate better strategically between assets on the aggregate? The answer is an obvious no, no and no. All active investing would do is create more volatility and push the market to vary more between allocation extremes.
The real underlying problem of all the asset bubbles is the excessive money creation in the system. We don't see it in the CPI because so much of the liquidity is staying on the sidelines in assets, at least for now. The problem is why is there so much paper savings generated every month in an economy that barely increase the production of any real quantity of goods and services. These paper savings are all a fraud and they represent potential purchasing power that is many orders of magnitude of the real goods and services in the economy. If ever all this potential purchasing power tried to convert to real goods and services then the whole system will blow apart and we will have COVID inflation times X.
I see Mike, I click
I don't think "bonds were meant to be a hedge for stocks" is true. Maybe that's how we interpret them today, but bonds are simply means of financing that eventually became publicly available. We need to simplify (no pun intended) the way we think about things in finance.
I finally understand a bit of what this guy is talking about. So the passive investment funds have created price insensitivity in the stocks because they have to invest the funds they get. But, I don't get how that is a risk to the overall market. If the passive inflows stop, people will just chose actively managed funds instead as they have to put their retirement money somewhere. If might mean that the large cap stocks crash but that would be bullish for other companies in the market.
This video aged very well within the last 2 days.
I'm no longer confident in my investment strategy due to the impending recession. I aim to reallocate my $250K portfolio. What's the most effective strategy to do it right?
Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.
I've recently sold some property and am interested in investing in stocks, I'm seeking guidance. could you refer me to your advisor
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Super guest.
MIke is brilliant, Jack is great, Jack + Mike = fantastic interview. If you don't find this at least a little frightening you probably didn't understand it.
Fig down 15% since 2022. What's smart about that?
Since 2022, the price of gold has experienced significant fluctuations. At the beginning of 2022, gold was priced at around $1,800 per ounce. Throughout the year, prices were influenced by various factors such as inflation, geopolitical tensions, and changes in interest rates. The lowest point in 2022 was approximately $1,622 per ounce in September.
By 2023, the price of gold started to rise significantly, driven by increased demand from central banks and investors seeking a hedge against economic uncertainty. Gold prices reached around $1,900 per ounce at the beginning of 2023 and continued to climb throughout the year, ending at about $1,940 per ounce by the end of the year.
In 2024, gold prices continued their upward trend, reaching new highs. As of late July 2024, the price of gold was approximately $2,386 per ounce. This rise represents a significant increase of about 22.65% from the previous year. The increase has been attributed to factors such as continued economic uncertainty, geopolitical tensions, and strong demand from central banks and investors [[❞]](tradingeconomics.com/commodity/gold) [[❞]](ycharts.com/indicators/gold_price_in_us_dollar) [[❞]](www.gold.org/goldhub/data) [[❞]](www.gold.org/goldhub/data/gold-prices).
As a layman I instinctively felt target funds are rubbish, and so is the standard age based stock/bond allocation . As i get older i use more cash muni etc plus more volatility within a small % of my total portfolio.
Looking back on the three months since this was posted... well your wrong...again
Jack it’s ok if you don’t understand Math and how an index works
So passive investors are buying the shares awarded to employees who summarily sell the shares when awarded?
Are the slides Mike showed available anywhere?
Great Buying opportunities today. Embracing pullbacks and correction is key. This is where the money is made!
1:20:55 Goodhart’s Law: when a measure becomes a target it ceases to be a useful measure.
This dude been saying this for the last 4 years; he’s wrong 😑
Technically, he was right in 2022. He was wrong in 2021,2023, and 2024 though.
Am I the only one that still does not understand Mike's passive argument? What exactly is he trying t say?
Just look at the performance of his ETF. Says a lot of "smart" stuff but is any of it useful, maybe in academia land.
@@vickie8774 Frankly that is widespread in Finance, especially the quantitative side of it. I'm just super confused what the his thesis on passive investing is. Is there something we don't know already?
Hes very smart
Curious, so should passive ETFs behemoths (ex. Vanguard, BlackRock, etc.) be broken up? It seems like they're creating market distortions and all sorts of other problems.
If there was this buyers frenzy, who was selling in the 7 magnificent rally? 🤔
I love Mike Green but I kept have to skip forward as the interviewer was making speeches
What is that chair? Looks comfy
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
Oh really you kid? You believe the dollar is fine 😂😂😂
We’re so used to watching the stock market go up. A simple correction happens and now the sky is falling.
What part of this interview can teach me how to sell naked calls on CVNA before earnings? Link the timestamp please
Who is CVNA and why are you calling them while naked?
Passive contributions are matched by business and tax free, all circumstances for that to go forward
Crazy that Michael mathematically shows why active managers having a hard time lol
Can someone please simplify this for me? I’m completely lost.
Wen bottom? 🥱
Hat’s off to Any Gentleman honest enough to say “I was wrong “, on UA-cam.
Maybe a little bit incorrect on timing, (and I continue to be amazed about certain Players can kicking abilities), but ultimately, Everyone that isn’t selling Rainbows, is saying the same thing.
There’s a long way, and a short way to get to zero, but in the end, the results are the same.
Jack, IBM was not Apple’s competitor back in the day. It was Microsoft. Let’s compare those charts - maybe still neck -n-neck.
Mike Green is a phenomenal resource for information and perspective. Had to listen twice to absorb it all esp in respect to the giant mindless passive investment robot and all the aspects that influence it as well as how it corrupts investment goals and strategies.
All that aside. Great Interview Jack. You always bring it!
Uh, Microsoft was nowhere to be found in the 80s. You’re obviously too young to know. IBM is the one that took out Apple in the 80s. By the time Microsoft came around and got big Apple was already done. Know history before you talk. I don’t need google, I was alive.
Good rap - thanks.
Moving business just stopped recently compared to last 3 years
Usa lecturing other countries..and de-stabalise the countries
Now bricks are making business in there country currency
And usa is DYING
"MAKE AMERICA ALIVE AGAIN"😂😂😂
A 401k is a losing strategy in most cases. With limited funds to invest into and management fees, you'll be lucky to keep the employer match.
Just buy Bitcoin on your own and opt out.
Jack, what are you using to regrow your hair?
Enlightening argument.I wonder how AI intertwines with this.
This guy is the goat of sounding smart but being wrong 😂😂😂
51:00 demographics and smaller generations????
Very sus that he jumped on Grindr as an example…
The economy is booming...
Why is he claiming that passive investing inflows are distorting the market? Money going in market cap weighted keeps the proportion. This guy makes absolutely no sense.
Efficient Market Hypothesis has to be the dumbest smart guy thing ever
I see this perpetual shorting junkie has resurfaced now that the market is down 5%
I don't think he is what you claim
He’s not lol
DUUUHHH WAKE UP
😮.........oh 4 months ago. 😂
Am left wondering why you are discussing markets as if they are wildly owned? - when, in reality stock market ownership is, at best, concentrated among the top 5% - with probably a "80/20" distribution within that same 5%... - for the same reasons, almost all federal taxes are paid by the very rich and is very closely correlated with stock market gains - now causing the USA to no longer have an economy and only a stock market roughly twice the size of the "economy.."...
Most Americans with pensions own stocks via their pension funds. Market ownership is concentrated amongst the rich like you say, but pension funds own a lot of stocks on their clients' behalf. So, most people have money in stocks.
Okay. Today's job-report offers a different conclusion, not in accordance with "already in recession since 1/4 4 2023."
Who knows though, maybe Mr. Balding-white guy is correct after all ... 🤗