Survive ’Til 2025: How to Navigate Tough Economic Times
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- Опубліковано 18 вер 2024
- In this episode, we explore actionable strategies to navigate the economic downturn, highlighting the critical need to understand your finances, reduce unnecessary expenses, and set realistic expectations during tough financial times.
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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.
Thanks for posting this one guys. Good reality check with recs re priorities for all investors. Cheerleading and the obligatory optimism are all very well but don't reflect the rather uncomfortable realities that many of us are facing in times like this
Keep gaining skills...take on new tasks outside of your usual role.
Oh, my dear boys, that was quite an episode! But I must say, I heard a bit of wishful thinking-copium and hopium, as you youngsters call it-without much explanation as to why things will improve next year. Pray tell, who do we expect to step in and purchase the long end of the yield curve on U.S. debt to bring those rates down? The U.S. GDP is still holding strong at 3%, after all.
And what of gold, my dears? It seems to be hitting new highs with each passing week. Could now be the right time to stock up on the precious yellow metal?
Now, I can’t help but wonder, is China's real estate market facing a fate similar to Japan’s back in 1990? Just look at the Nikkei 225-it took 34 years to break even in nominal terms! How do you suppose China’s economic struggles might affect Australia and New Zealand?
Great post and you are right add being on the edge of WW3 crude oil could reach new highs stagflation is a real possibility in the USA so we have to be very careful here in NZ. 'Real Talk' many people don't know what is going on so awesome to see a post like this one.
wow.... I needed that! cheers lads
Glad you enjoyed the episode @barkers1234!
I would be suggesting talking to your bank too. You might be able to go interest only for a bit
It does feel ominous continuing to dollar cost average invest into the S&P when they're currently hovering around the record high value. Almost as if something dire is about to happen. However, I persist.
Oh dear, it seems the S&P 500 has reached a double top, hasn't it? And that wise Mr. Buffett, bless his heart, is parting ways with Bank of America, and Apple, too, while sitting on quite the mountain of cash-larger than he’s had in many years, I hear. Why, he even owns 4% of all the U.S. Treasury bills, more than the Federal Reserve itself! Imagine that-$234.6 billion worth of those short-term T-bills, compared to the Fed’s $195.3 billion. Now, why would a man of his wisdom be holding onto all that cash unless he expects the stock market to take a bit of a tumble soon? It only stands to reason, my dear.