NewGen Mindset

This may be one of the most pivotal elections in our lifetime. The outcome of the 2020 US Election will ripple through our system, with short & long term consequences, that frankly many do not seem to be worried or aware off. Last week's market volatility will continue to creep higher entering Election Day. With the S&P and DOW down 8% in 2 weeks and Big tech selling off 10%+, we are entering a very uncertain time period. Globally, there are worsening economic issues and no stimulus to artificially prop up market and consumption. Europe is going into lockdown again with social and political tension at their highest, a few days out from the election. 

Who will win? Will it be contested? How will the economy develop as a consequence and how will the market react?

Nic & Dan discuss the pivotal event and how this well affect investors all over the world. Crazy times is certainly an understatement. 

On this weeks episode, we have a crazy guest. Alongside Germinal G. Van, we have a in depth economic talk about Econometrics and The System. We dive into economic principles and philosophy, the different school of thoughts which impact our western civilization, the way it plays out, myths and misunderstandings of why economics and the quantification of that data is so critical to understanding the cause and effects. As individuals, everything we do comes at a cost, and that trade-off (opportunity cost) can be quantified through econometrics. Human dynamics works on the premise of playing a game of producing, consuming and allocating resources. Time, energy, money, property, and goods are all sorts of resources. We work to maintain a living and lifestyle. That implies allocating time and energy, to receive capital to put to work on other resources such to gain wealth, to eat, to live, to make memories.

Germinal is a political scientist, economist, and scholar from Côte d’Ivoire living in the United States. He has published over a dozen books in political science and economics. His books include The Economic Development of West Africa in the Twenty-First Century, The Economic Condition of Black America in the Twentieth Century, Classical Liberalism in Africa, and Income Inequality and Economics. In addition to his books, Mr. Van has published numerous scientific papers on Research Papers in Economics, ResearchGate, and Academia.edu; and also published many columns with the Mises Institute and the Foundation for Economic Education (FEE). Mr. Van focuses his work in public choice theory and econometrics. He holds a bachelor’s degree in political science from the Catholic University of America, a master’s degree from the George Washington University in political management, and he is currently pursuing a certificate in statistics at Duke University

Follow Germinal on Instagram - @germinalgvan

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Once again the issue of publisher versus platform resurfaces, with the recent censoring of a New York Post Article tied to a US Presidential candidate. This has unintended consequences in our ecosystem when a platform (ie: Facebook and Twitter) behaves like a publisher, forcing the direction of a narrative based on ideologies of a few. On this weeks episode, we discuss the many dangers this has on the entire social, economic and political ecosystem. The political and social risks Big Tech platforms are bringing onto themselves is expanding at a rapid rate.  Actions like censoring articles have negative unintended consequences on the ecosystem because it only further enhances division.

Some Questions to consider

Seems far more optimal of our ecosystem to simply abide by the same principles in both the real world and the online world..

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As fears of a 2nd wave of COVID-19 continues to ripple through our lives, impacting political, economic and social dynamics, introspection is needed. For millennials, to deepen their desire to be financial literate must become a top priority in their day to day actions.  With political leaders making short term decisions to appeal votes, while deferring the problems to a later point in time; those problems will become the crisis of millennials, as this generation will have more control and impact on the economic, political and social dynamics of the system. Strengthening your financial literacy early on will only serve to enhance your confidence and ability to deter economic pressure that we may come to experience in this post COVID-19 world. 

Real estate: The financial backbone of any major economy. With the arrival of COVID, many thing have become disconnected, and with the recent real estate boom this has also become fundamentally problematic. With low interests, and pent up demand, some areas in Canada have been exploding while some have seen political consequences in places like California and New York. When looking at economic data, the middle class heavily supports real estate, but with increasing prices, stagnant wages and increasing cost of living, the question becomes, how sustainable and risk averse is real estate becoming?

This is a saying that seems to be said by those who have come to understand and experienced the markets, and ignored by retailer investors who get sucked in by GREED and FOMO emotions. COVID-19 has brought to light a lot of the potential of equities for wealth creation. Like the old days of the gold rush, driving people to hunt for gold to hit it rich, the psychological similarities in the behaviours demonstrated by new retail investors is uncanny.  The market is a complex mechanism which requires a lot of contextualization and learning. There’s a process demanded of those who want to be active with their wealth creation. With that, comes the understanding that stocks do not only go up.

On this week's episode, we focus on the next big market risk  - the 2020 US Election. The reality of capital markets is one where even politics is a  weighted variable to forward look the landscape and predict future price actions. Politics should matter to investors because it matters to the economy, to institutions and companies. We dive into both platforms and breakdown the important questions investors should be asking heading into November. We are at a tipping point in 2020; with COVID-19, the clearly observable chaos and decisiveness between the people around the world, especially in the United States. The United States is a powerhouse on the global stage, and the outcome of political decisions has a huge impact on the direction of the stakeholders in the American economy. This might just be the most important election of our lifetime. 

On this weeks episode we sit down with Rizwan Memon (aka Riz), Founder & President of Riz International. He started at 16 years old the pursuit of financial development from which his business came to life. His Instagram platform has the purpose of educating his audience both analytically and psychologically.

In this episode we go deep into a psychological analysis of financial behaviours of those deciding to play the game in capital markets. Understanding yourself and the financial market behaviours is critical to developing a strong balanced intellect and character to effectively play the game.

Follow Riz at https://linktr.ee/rizinternational