May 24, 2022
Summary:
Guy Baker comes on the show to discuss the progression of the
markets, and how to decide what to do next in the current
economical circumstances. Since the market is lacking stability at
the moment, it’s best to wait for it to stabilize before jumping
in; if you are already in it, however, then it’s best to stay the
course. No one can time the markets with exact precision, and there
are a number of factors that spontaneously affect businesses and
stocks at any given time. Tune in for our in depth discussion about
some of these things.
Highlights:
-How do you decide whether to stay or go when navigating the
markets?
-Markets go up and down; if you look at the history of the markets,
you can identify these ups and downs. You must ask yourself whether
the return on the market has been 10% throughout history, and if it
is going to stay this way
-If you’re in the market, stay in the market. But if you’re out of
it right now, it may be best to wait for more stability before
re-entering
-There is no evidence that anyone can time the market effectively
year in and year out—most people that encounter success in the
markets just get lucky
-ETFs don’t have the gains/losses or fees that mutual funds
have
-Picking stocks is like a gamble
-You’re better off investing in a largely diversified portfolio
with low fees
-Stocks are based on projected income; the important consideration
becomes income and appreciation
-Three basic currents in the market
-The markets are a willing buyer and seller that are happy
-Many emotional factors dictate what happens in trading
-Markets perform based on expected historical return
-There isn’t much stability or support behind crypto
-There’s the industrial bubble, the technological bubble, and the
government bubble
-Inflation is necessary in a growing, vibrant economy
Useful Links:
Financial Survival Network
Wealth Teams