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12/365: How to prevent losing money by paying attention to market trends, even if you’re overwhelmed by all the talk about Tesla, Nvidia, and Bitcoin.
In this episode, I dive into the question: "How high do you think the market will go under President Donald Trump?" I start with how to avoid losing money by paying attention to market trends, even if all the talk about Tesla, Nvidia, and Bitcoin feels overwhelming.
I share a story about a lady I met back in 2018 who was sitting on cash because of fears from the Obama years. I explain how many people don’t realize the importance of history in investing. I talk about how a good economy can sometimes lead to complacency, making us less aware of potential risks. For example, when COVID hit, many were caught off guard because they didn’t see the warning signs in our history.
I discuss the idea that when things seem perfect, trouble is often just around the corner. I use examples from the past, like how pandemics were common in the early 1900s and not seen as unusual. We also explore how comfort can actually lead to instability in our lives and finances.
I share some key principles, like how being too comfortable can be dangerous. I mention a theory by economist Hyman Minsky that explains how confidence can lead people to take on debt, creating instability. And I touch on how surprises in the market often come from a lack of information or poor timing.
I wrap up by encouraging listeners to think about where they might be getting complacent in their lives—whether in health, relationships, or finances. I ask them to consider what steps they can take to prevent things from going wrong.
If you’re feeling stuck or unhappy despite having money, I invite you to join me in my journey as a wealth manager, where I share insider tips and insights before we switch to a paid community. Don’t miss out on this valuable information!
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By Joe SotoIn this episode, I dive into the question: "How high do you think the market will go under President Donald Trump?" I start with how to avoid losing money by paying attention to market trends, even if all the talk about Tesla, Nvidia, and Bitcoin feels overwhelming.
I share a story about a lady I met back in 2018 who was sitting on cash because of fears from the Obama years. I explain how many people don’t realize the importance of history in investing. I talk about how a good economy can sometimes lead to complacency, making us less aware of potential risks. For example, when COVID hit, many were caught off guard because they didn’t see the warning signs in our history.
I discuss the idea that when things seem perfect, trouble is often just around the corner. I use examples from the past, like how pandemics were common in the early 1900s and not seen as unusual. We also explore how comfort can actually lead to instability in our lives and finances.
I share some key principles, like how being too comfortable can be dangerous. I mention a theory by economist Hyman Minsky that explains how confidence can lead people to take on debt, creating instability. And I touch on how surprises in the market often come from a lack of information or poor timing.
I wrap up by encouraging listeners to think about where they might be getting complacent in their lives—whether in health, relationships, or finances. I ask them to consider what steps they can take to prevent things from going wrong.
If you’re feeling stuck or unhappy despite having money, I invite you to join me in my journey as a wealth manager, where I share insider tips and insights before we switch to a paid community. Don’t miss out on this valuable information!