The Julia La Roche Show

#138 Peter Mallouk, CEO of $245B Creative Planning: 'It’s Hard To Be Anything But Optimistic Over The Long Run'

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Peter Mallouk, CEO and President of Creative Planning, a $245 billion RIA, shares his macroeconomic view, emphasizing long-term optimism due to low unemployment, emerging markets, and technological innovation. He advises investors to focus on the long run and not be swayed by short-term risks. 

Mallouk discusses the potential for rate cuts, the US debt situation, and his skepticism towards cryptocurrencies and gold as investments. He recommends a diversified portfolio focusing on equity-oriented investments, including stocks and private equity. Mallouk also highlights the importance of avoiding common investor mistakes and maintaining a long-term perspective.


Takeaways

  • Maintain a long-term perspective and focus on the macroeconomic factors that drive long-term growth, such as low unemployment, emerging markets, and technological innovation.
  • Do not try to time the market or make investment decisions based on short-term events. Instead, focus on asset allocation and diversification to protect your portfolio.
  • Be cautious about investing in cryptocurrencies, as the majority of them are likely to go to zero. Treat them as speculative bets rather than long-term investments.
  • Gold is not recommended as an investment for wealth growth, as it has historically underperformed other asset classes. However, it can serve as a store of value in uncertain times.
  • Avoid common investor mistakes, such as market timing and overactive security selection. Instead, focus on long-term asset allocation and controlling costs and taxes.

    • Links:

    Money, Simplified book: https://www.amazon.com/Money-Simplified-Peter-Mallouk/dp/B0CLZ1W9RD

    Twitter/X: https://twitter.com/PeterMallouk

    Creative Planning: https://creativeplanning.com/


    Timestamps

    00:00 Introduction

    00:46 Macroeconomic view

    03:14 Navigating short-term risks

    04:42 Market outlook for 2024

    06:15 Investing in stocks, small caps

    07:38 International markets

    08:28 Federal Reserve and interest rates

    10:30 US debt situation is the No. 1 risk 

    14:00 Bitcoin and cryptocurrencies

    15:23 Role of gold in a portfolio, Mallouk not a fan of gold

    17:06 Preferred investments

    18:54 Common investor mistakes

    20:21 Investor psychology

    23:07 Peter Mallouk's journey

    24:46 Where to find Peter Mallouk

    25:17 Long run optimism

    ...more
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