Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@edelineguillet2121Ай бұрын
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
@valeriepierre9778Ай бұрын
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
@bernisejedeon5888Ай бұрын
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
@valeriepierre9778Ай бұрын
Sharon Marissa Wolfe is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@yolanderiche7476Ай бұрын
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@Natalieneptune4695 ай бұрын
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
@Patriciacraig5995 ай бұрын
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
@Christine-ce4xo5 ай бұрын
It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
@Natalieneptune4695 ай бұрын
The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, Etfs, coins and bonds. What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Julia Hope Marble.. it's been great.
@PhilipMurray2515 ай бұрын
I just checked her out and I have sent her an email. I hope she gets back to me soon
@Patriciacraig5995 ай бұрын
out of curiosity i looked Julia up and she seem so proficient, i pray she'll be able to help me attain financial freedom
@SteveDutton-v5 ай бұрын
Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
@mikey432215 ай бұрын
Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
@AllenNichol5 ай бұрын
Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
@tmer8315 ай бұрын
If you don't mind, how can I reach this advisrr? My retirement portfolio isnt doing greatly.
@AllenNichol5 ай бұрын
“Sharon Ann Meny’ You can easily look her up, she has years of financiaI market experience.
@factarchive95762 күн бұрын
S&P 500 to beat inflation
@chrisbluebird503710 ай бұрын
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@selenajack203610 ай бұрын
You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner.
@mesutserim159510 ай бұрын
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.
@kaylawood905310 ай бұрын
There's a decline in my port_folio. lost over 12 thousand this week alone. Can you link me up with your handler?
@mesutserim159510 ай бұрын
The advisr I use is actually quite known, you might have heard of her, Heather Lee Larioni, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
@kaylawood905310 ай бұрын
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@MalindaDeleon Жыл бұрын
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
@Adukwulukman859 Жыл бұрын
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.
@ZITABELCOMEDY-xf1ws Жыл бұрын
@@Adukwulukman859 I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@Adukwulukman859 Жыл бұрын
@@ZITABELCOMEDY-xf1ws The advisor I use is actually quite known, you might have heard of her, Laura Marie Ray, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
@DravenCanter Жыл бұрын
These comment chains feel like an ad.
@woof8929 Жыл бұрын
@@DravenCanter that’s cause it’s literally bots talking to each other
@HafezBd Жыл бұрын
vIn light of the situation right now, I believe I should watch a video on "How to survive the current recession." Actually, it's a complete failure. I was astounded by some people's ability to earn more than $k in a short amount of time. If that's still the case, do explain how.
@harod033 Жыл бұрын
Professionals are currently dominating the market since they have both the necessary strategy for making money in this industry and access to confidential insider market information.
@patrickperez7387 Жыл бұрын
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
@Igorstravinsky788 Жыл бұрын
@@patrickperez7387 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@patrickperez7387 Жыл бұрын
@@Igorstravinsky788 Funny you said it; I totally get it. Look her up; she was a prominent 2020 news figure. Am I permitted to say this? I'm not sure. My portfolio is under her management as well.
@williamporter5333 Жыл бұрын
@@patrickperez7387 This recommendation comes just in time because I'm literally grasping for straws right now! I looked her up on the internet and made plans to call her.
@margaritasbunny Жыл бұрын
I appreciate your teaching my friend my advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. I’ve only ever saved($510,000), never invested but want to start.
@HelenaBonham-pz4ly Жыл бұрын
My portfoli. has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
@roykings Жыл бұрын
@@HelenaBonham-pz4ly As with any big financial decision , it’s important to keep your guard’s up for economic risks. However, smart planning ,time management and seeking advise from a financial adviser can help keep you and your money safe.
@PhilipMurray251 Жыл бұрын
@@roykings Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My F.A, "Elizabeth Pan Holt," who has witnessed hundreds of market cycles over the past three decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next
@gracesdonny1532 Жыл бұрын
@@PhilipMurray251 Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@PhilipMurray251 Жыл бұрын
@@gracesdonny1532 Most likely, you can find her basic information online; you are welcome to do further study
@billybrannon6394 Жыл бұрын
The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.
@cuddyb9631 Жыл бұрын
There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?
@oliviataylor4672 Жыл бұрын
You need a Financial Advisor, my friend, to avoid being taken advantage of. They offer personalized advice to individuals based on their risk tolerance, putting them among the best of the best.. Some have a terrible reputation, others with a strong track record can be quite good
@billybrannon6394 Жыл бұрын
I completely agree with you; they can have a positive impact on an individual's portfolio. I began with “CHRISTINE ANN PODGORNY” a trust Financial Advisor. She is verifiable, and her work ethic is in accordance with the 1940 US Investment Act. Her approach is transparent, low fees, and gives me complete ownership and control over my portfolio.
@cuddyb9631 Жыл бұрын
I've been wanting to start investing for a few months but haven't had the courage to do so because the market has been down for the majority of this year. Please tell me how I can rely on such abilities.
@billybrannon6394 Жыл бұрын
She is popular. Therefore, finding her official-website should be easy. Just search for her complete name online.
@RosesKate-dl9fp8 ай бұрын
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
@Philippayne-sk3tj8 ай бұрын
Yes, truly, investing in the market, even if it's just the S&P 500, can keep up with inflation, because the growth rate of stocks will always exceed the inflation rate. But if you don't have the courage, you could just invest with a financial advisor, which even has greater return on investments, while securing your investment against losses.
@GrammyHanks8 ай бұрын
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
@RosesKate-dl9fp8 ай бұрын
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
@GrammyHanks8 ай бұрын
Renowned for her proficiency and expertise in the financial market, “Pamela Kay Regel” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@RosesKate-dl9fp8 ай бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@charliehunnam518711 ай бұрын
I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.
@mateosantiago579511 ай бұрын
The market has gone berserk! regardless of experience level, everyone needs a sort of coach at some point to thrive forward.
@aarondaniels552511 ай бұрын
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@AmberDen529311 ай бұрын
How can I contact your Asset-coach as my portfolio is dwindling?
@aarondaniels552511 ай бұрын
Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where to find her deets.
@donalddavis438711 ай бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@matturner86 ай бұрын
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon
@Johnlarry126 ай бұрын
It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimize risks and maximize gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.
@carolpaige26 ай бұрын
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@emiliabucks336 ай бұрын
Currently, the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
@carolpaige26 ай бұрын
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this FA?
@emiliabucks336 ай бұрын
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Carol Vivian Constable turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@Ogden1 Жыл бұрын
Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?
@albacus2400BC Жыл бұрын
It’s a good time to buy in on the market, so seize the opportunity to purchase stocks on sales.
@judynewsom1902 Жыл бұрын
I think stocks will plummet further before actually experiencing steady growth and there are still quite a few stocks that makes for a good buy this season, you just have to do your research, but to be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.
@ericmendels Жыл бұрын
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is the advisor guiding you
@judynewsom1902 Жыл бұрын
“Kaitlin Rose Sternberg” does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
@ericmendels Жыл бұрын
Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
@chris-pj7rk Жыл бұрын
Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
@jamescomb1170 Жыл бұрын
The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo
@jameswood9772 Жыл бұрын
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors who can help shape up your portfolio.
@jessicamoore3093 Жыл бұрын
@@jameswood9772 Please i want to learn how to manage and invest my resources, can you leave behind the name of the F/A guiding you
@jameswood9772 Жыл бұрын
Having an advisor is essential for portfolio diversification. My advisor is Lisa Angelique Abel who is easily searchable and has extensive knowledge of the financial markets...
@jessicamoore3093 Жыл бұрын
Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call.
@Redwood4040 Жыл бұрын
Last year, Powell tanked markets while pledging to continue an aggressive fight against inflation. This year, investors hope a more gentle message will be delivered with inflation off the boil this summer. I’m thinking of investing $400k into my stock portfolio but unsure about the market.
@PotBellyPete69 Жыл бұрын
The question is whether inflation's downward trajectory is convincing enough to take a more measured pace with interest rate hikes, or whether a more aggressive approach is warranted to get inflation close to the Fed's target of 2%.
@judynewsom1902 Жыл бұрын
Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks. you should try it if you're unsure about the market.
@sting_grayl Жыл бұрын
Pls who is this coach that guides you? I’m in dire need of one
@judynewsom1902 Жыл бұрын
Having a good FA is essential for portf0lio diversification. My advis0r is *Sharon Louise Count* who is easily searchable and has extensive knowledge of the financial markets.
@sting_grayl Жыл бұрын
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
@EverlyndPerez10 ай бұрын
There seems to be skepticism amongst investors regarding the Fed's plan to continue increasing interest rates until infloation is stabilized. As for me, I'm in a crossroad, uncertain whether to invest $150K into my stock portfoli. What is the best strategy to capitalize on this current market.
@BenTodd-fl8nv10 ай бұрын
There are tactics that can be implemented for consistent gains regardless of the state of the economy or the market, but such executions are often carried out by investment specialists or advisors with experience.
@RickWatson-xu6gw10 ай бұрын
I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@judynewsom190210 ай бұрын
wow amazing Please can you leave the info of your investment advisor here? I'm in dire need for one.
@RickWatson-xu6gw10 ай бұрын
My advisor is “Alicia Estela Cabouli” I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@HarrisRyan-oy8eo10 ай бұрын
Thank you for the helpful tip. it was easy to find your coach. Before scheduling a phone call with her, I made sure to do my due diligence. Her résumé looks impressive, and she appears to be highly proficient in her field.
@Sheil-hard Жыл бұрын
I see 2-3yrs recession. Fed will raise interests in Sept 2022 if inflation doesn't peak. Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
@lipglosskitten2610 Жыл бұрын
@hermanramos7092 Жыл бұрын
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of AUD580k within 16-months from an initially stagnant Portf0lio worth AUD85k.
@kenanporubsky2122 Жыл бұрын
@@hermanramos7092
@kenanporubsky2122 Жыл бұрын
@@hermanramos7092 Catherine really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
@traffic_cone_3000 Жыл бұрын
traffic cone here to redirect the comments away from this spam thread
@TracyEnochs Жыл бұрын
Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement.
@jamescryptoguru-md9nv Жыл бұрын
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
@MiguelLopes-fi6fz Жыл бұрын
@@jamescryptoguru-md9nv I agree with you, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k.
@SkylaRobinson-tt4zu Жыл бұрын
@@MiguelLopes-fi6fz Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@MiguelLopes-fi6fz Жыл бұрын
@@SkylaRobinson-tt4zu SOFIA ERAILDA SEMA
@MiguelLopes-fi6fz Жыл бұрын
That's my licensed Financial advisor you can easily look her up, Thank me later
@austingraff188110 ай бұрын
With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
@alexyoung312610 ай бұрын
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
@jessicamoore309310 ай бұрын
Pls who is this coach that guides you? I’m in dire need of one
@jessicamoore309310 ай бұрын
Thanks, I just googled er I'm really impressed with her credentials. I reached out to him since I need all the assistance I can get.
@Peter-bt9gt Жыл бұрын
so the goal is basically drain the middle class's bank account
@TomNook. Жыл бұрын
the goal is no middle class by 2100, just the wealthy powerful elites and the working masses
@Chad_Max Жыл бұрын
Trust me, you don't want a hyperinflation environment. It will turn people into complete savages....
@jeffrucks4477 Жыл бұрын
People have too much money.
@juannevindez6969 Жыл бұрын
@@jeffrucks4477 rich people. Middle class is drowning in debt.
@rahulvig5298 Жыл бұрын
That's not the goal. Overtime the difference between the rich and middle class will go much larger. It's not the goal but the consequence of several things. Google it😅
@victory725 Жыл бұрын
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio
@justinokraski3796 Жыл бұрын
Spend it on blackjack and hookers
@branonlamphere9624 Жыл бұрын
Sell it, you’re going to need that money for food and gas
@-Legacy Жыл бұрын
Markets have mooned since you’ve said this
@Leo9ine Жыл бұрын
PSA: THESE PEOPLE ARE BOTS AND THESE COMMENTS ARE A COMMON SCAM. NEVER TRUST STRANGERS TELLING YOU TO USE A SPECIFIC INVESTOR OR WEBSITE. CNBC - The top comment on any financial video you make is ALWAYS a scam like this. You need to pay attention and block them.
@BUY-BANK-STATEMENT-FOR-LOANS Жыл бұрын
Yes
@Raymondjohn2 Жыл бұрын
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
@kenanporubsky2122 Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@lipglosskitten2610 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@hermanramos7092 Жыл бұрын
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@kenanporubsky2122 Жыл бұрын
@@hermanramos7092 Impressive can you share more info?
@hermanramos7092 Жыл бұрын
My advisor is "Catherine Morrison Evans". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.
@numenthehuman Жыл бұрын
They're gonna bleed us dry then act shocked when the recession still happens 😂
@HPSmugscraft Жыл бұрын
We HAD a recession last year (2 consecutive quarters of negative GDP). They just redefined "recession" because it would make President Alzheimer's look bad.
@numenthehuman Жыл бұрын
@@HPSmugscraft yes yes I know
@GreggyMcfly Жыл бұрын
*depression
@numenthehuman Жыл бұрын
@@GreggyMcfly already have that 💀
@looseygoosey1349 Жыл бұрын
@@HPSmugscraft not a recession. not yet. The economy doesnt care who the president is.
@ronch550 Жыл бұрын
I'm not from the USA but man, prices are going crazy.
@artchick07 Жыл бұрын
The prices are unreasonable. It's going to hurt so many.
@dorhocyn3 Жыл бұрын
No joke, I go into the auto parts store or Walmart and stuff - Random items are totally jacked up in price. Very random In a way that a lot of people don’t really notice at first.
@ArtaxForever Жыл бұрын
Companies are aiming to profit from the recession. Jack up profits while they can, then time the sale of their stocks when the recession finally hits, in part from their prices...
@bethriley9757 Жыл бұрын
Stay where you are!!
@Avenue77 Жыл бұрын
Even with groceries you have to pick and choose "Wisely" now of days because before you know it your almost at a $100 bucks for a few items in your buggy
@32srt32 Жыл бұрын
dont ever borrow money from your home equity! unless you have exhausted all other options
@dorhocyn3 Жыл бұрын
For real, it’s an absolutely horrible idea. Maybe if you have to get a life-saving operation.
@monacoofthebluepacific2571 Жыл бұрын
And also don't ever take a reverse mortgage!
@Striker50_ Жыл бұрын
@@monacoofthebluepacific2571 That's not an option until both homeowners are 62+
@monacoofthebluepacific2571 Жыл бұрын
@@Striker50_ It's still a horrible idea.
@Striker50_ Жыл бұрын
@@monacoofthebluepacific2571 There aren't many alternatives when someone is living on fixed income
@ClementRusso211 ай бұрын
Youngsters starting in investing need to learn the ropes, know how much risk they can handle and spread their investments around. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your money.
@Clearvaluie11 ай бұрын
Overall, the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.
@Rodxmirixm11 ай бұрын
Putting your funds into stocks can be a smart move, especially if you've got a dependable trading strategy that can steer you toward profitable days ahead.
@antonnohr11 ай бұрын
I've been getting assisted by a Financial Advisor for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@antonnohr11 ай бұрын
Can't divulge much, Stacey Lee Decker is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.
@dgyson11 ай бұрын
Thanks, I just googled Stacey Lee Decker and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@nicolasbenson00911 ай бұрын
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
@RaymondKeen.10 ай бұрын
True. I first came across investing in the market in 2019. Already stashed about $80k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
@RaymondKeen.10 ай бұрын
Allow me to introduce you to my financial advisor, Margaret Johnson Arndt. Her expertise in portfolio diversification is truly exceptional, having her as your guide can significantly enhance your investment journey and boost your profits returns
@bennycarter52499 ай бұрын
This is so out of touch.
@tylerward43869 ай бұрын
Only if the net economy grows. Yet now we're seeing the effects of completely draining new resource vectors. In other words it was never infinite growth, it was always temporary and now it's shifting.
@CatEyedGoddess Жыл бұрын
I have a corporate America job and my salary hasn’t kept up with inflation in the slightest. Each year it was getting tighter and tighter because my large super successful company only gives 1-1.5% annual raises and they did away with bonuses ( for ppl not in upper management, the ones already making 6 figures). If it wasn’t for Doordash, Instacart, GrubHub, Uber Eats and Amazon Flex I wouldn’t be able to make it. Someone told me if I went to college and worked hard I would be middle class, with the house and vacations that come along with it. All I got was a piece of paper, a crap ton of debts, the inability to save enough to buy a house, a corporate job that I work my tail off for and am rewarded with thank yous and stagnant wages, health insurance that when utilized only puts me further in debt and the list goes on. If I would have know this, I would have gotten a trade and a union job. HVAC or plumbing, yeah, I would be fine with those salaries. But, let’s get real this isn’t inflation, the is corporate greed at its finest, aka, price gouging and DC is a happy participant.
@africanlegs Жыл бұрын
Was in a similar situation and doubled my pay by moving to a new company. It's not easy but sticking in the same company and getting those minimal raises will take you years to match what another company might offer you. Best of luck!
@abyss5883 Жыл бұрын
Lol “this isn't inflation" yeah it kinda is. Why don't you quit your job if you're so against corporations buddy o pal?
@coastalgeorgia6558 Жыл бұрын
Agree. Middleclass of 50-60 yrs ago almost completly gone. Unions shut out. Wages super stagnant.
@Fatelovesirony960 Жыл бұрын
@@abyss5883why do you fail to see how nasty these companies are all because you like getting fed
@lopadova_11 ай бұрын
You should be switching companies every year to maximize salary growth. It’s your fault your salary has stagnated…
@slambamwam3597 Жыл бұрын
So to summarize, wages are stagnant, prices are higher, but the consumer is in a healthy spot to keep spending to prop up business. As long as consumers are willing to take from their savings, business will be fine. Great.
@chriswhynder8311 Жыл бұрын
that savings will only last so long
@tsaka784 Жыл бұрын
Most Americans have less than 1000 dollars in savings so the economy is being propped up with credit cards.
@amdl270 Жыл бұрын
I don’t know why we measure success in the US by GDP and spending. Medium consumer savings should be the indicator
@Empress3587 Жыл бұрын
Exactly that's all America ever really cared about is their bottom line their money never about the people I can't wait to see how this goes when people stop spending their savings because they have none left due to the high cost of living alongside stagnant wages😊
@chowsquid Жыл бұрын
@@amdl270 nobody is measuring success as you say
@PrettyPrincess9609 Жыл бұрын
I remember the 2008 recession. My mom lost her job and we were homeless for a while. We went from motel to motel and had to live with family. I knew that a recession was coming in 2023 so I have been cutting back my spending. I also opened up a high yielding savings account and I been saving more money. I also plan to open a ROTH IRA account.
@MALIK-fk1rz Жыл бұрын
cool homeless boi
@moneymane1082 Жыл бұрын
Be on the look out, times like this create opportunities for some and losses for others
@Anonymous-wt6ii Жыл бұрын
Yeah, always save up some money in case it happens. Fyi, 2023 isnt even showing any signs of recession yet, because inflation rate isnt dropping much yet. When interest rate is higher than inflation rate while inflation is dropping, then during then recession will come. Most likely 2024.
@leoarzola4791 Жыл бұрын
@@Anonymous-wt6ii at my job almost every one isnt getting their regular hours. Being sent home early. Its already starting
@Anonymous-wt6ii Жыл бұрын
@@leoarzola4791 then properties will start to fall once China falls. All property agents will suffer just like in 08 but in Asia.
@aritragupta4182 Жыл бұрын
Prices are crazy. As are the profit levels of many companies.
@Drucio1 Жыл бұрын
If you think about it the crash will be hard hitting I think the prices will be forced down of goods... But a ton of families will get hurt in the process....
@DS-vx3wf Жыл бұрын
@@Drucio1 it's always the poor and middle class who suffer
@RM-jb2bv Жыл бұрын
Is that why so many stores and franchises are closing and people are getting laid off?
@BangBangBang. Жыл бұрын
aS aRe tHe pRoFiT LeVeLs oF mAnY cOmPAniEs
@horridachillesful Жыл бұрын
This! They should be covering the record profits these companies are making
@raxjax8787 Жыл бұрын
Cost of living just continued to raised, Jobs are not increasing people wages and salaries to catch up.... What makes you think people got money to spend.
@galupproperties3098 Жыл бұрын
I think it depends how you set yourself up. Later this year I’m paying 27k cash for a 2022 Corolla hybrid.
@raxjax8787 Жыл бұрын
@@galupproperties3098 a lot of people are in different situations, not everyone is fortunate enough to be in a situation able to save up money. Some people are supporting themselves, some people are not fortunate to stay and live with their families to save up money and don’t have much bills… everyone different man
@happycook6737 Жыл бұрын
People I know have quit all discretionary spending..
@zoridattacks3173 Жыл бұрын
“I’m living at home” it’s a fun way to say I’m living with my parents. Glad she has that option.
@derrickdavis7917 Жыл бұрын
Exactly... Why not just come out with it straight? How many people can do that?
@we8608 Жыл бұрын
@@derrickdavis7917 and she's in her 20s. People in their late 30s and above don't have that option.
@Dottydawes Жыл бұрын
Living “off” her parents…. Not with. I have no problem with it either. If that’s what it takes to move ahead financially good on her.
@xbirdsofparadise Жыл бұрын
Nothing wrong with that. In a lot of cultures kids live with parents long into adulthood or even marriage
@pbx7257 Жыл бұрын
Living with her parents… privileged.
@TikkaQrow Жыл бұрын
I'm a consumer, and I'm spending more than ever. On rent and food XD
@gamer3642 Жыл бұрын
After the summer boom and student loans start that’s when the recession will start consumers are not going to spend as much anymore.
@ArtaxForever Жыл бұрын
Thanks for the insight!
@Striker50_ Жыл бұрын
Summer is where people will spend a lot to make it look like they're living large; that is until the bill comes due
@MrJahka Жыл бұрын
@@Striker50_ people consume the most in December in the US, no?
@rickm8456 Жыл бұрын
Could have same thing last year. Didn’t happen.
@Striker50_ Жыл бұрын
@@MrJahka Depends on the consumption, but travel is boatloads more expensive and that usually occurs in warmer times. Not to mention people are more social instead of hunkered down like in the winter
@ThormanBoucher Жыл бұрын
Interestingly we had a similar discussion today at work around the lunch table. We are all paid comfortably above average, approx twice the average UK annual salary. But we don't feel well off and we were saying how we feel for how tough it must be for many people. But then at the same time, once you take off my taxes, NI, and student loans, my take home pay is not significantly above that of an average person without a student loan. How can we generate more income during this period of quantitative tightening? I have $70,000 to grow
@GarrettDills Жыл бұрын
Investing in stocks can be a wise decision, especially if you have a reliable trading system and good knowledge of how the market works. That can lead you to fruitful days of success.
@CristianHulbert Жыл бұрын
It's difficult to give a definitive answer on this topic. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.
@velayuthman Жыл бұрын
@@CristianHulbert Please can you recommend any reliable investment-advisor. I need strong ideas on how to distribute my life savings of approximately £5 million
@CristianHulbert Жыл бұрын
@@velayuthman It's best you do your due diligence, I have my portfolio overseen by “LISA ELLEN SHAW" and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.
@Shultz4334 Жыл бұрын
@@CristianHulbert I just checked her out and I have sent her an email. I hope she gets back to me soon.
@roseroland1998 Жыл бұрын
It surprises me why everybody gets really worked up about inflation and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
@lisaollie4594 Жыл бұрын
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
@anthonyrussell5718 Жыл бұрын
@@lisaollie4594 True. I first came across investing in the market in 2019. Already stashed about $80k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
@roseroland1998 Жыл бұрын
@@anthonyrussell5718 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@anthonyrussell5718 Жыл бұрын
@@roseroland1998 Haha. I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with KAITLIN ROSE STERNBERG, and she's really good.
@roseroland1998 Жыл бұрын
@@anthonyrussell5718 I looked her up online and found her website, which I browsed and went through to learn more about her credentials and career. I set up an appointment to use her services.
@SocietyNeedsImprovement Жыл бұрын
I wish we were as focused on everybody having access to food as we were on how much spending is in the economy. Our economic model ignores the needs of people.
@nensondubois Жыл бұрын
Very true.
@yongchen4158 Жыл бұрын
Isn’t that what food stamps is for covering basic need like affordable housing basic needs
@jerseycatmews828 Жыл бұрын
Spoken like a true communist 🤡. There are food stamps and food banks. People in third world countries don’t have these benefits. Be grateful you’re more fortunate than non-Americans people really really struggling for food
@SocietyNeedsImprovement Жыл бұрын
@@yongchen4158 I think that a lot of people think that. There are food stamps and food drives and other programs but they don't meet the needs of Americans, let alone the rest of the world. And, people aren't really aware of it. Tack on poor access to housing, clean drinking water, etc and the situation is actually a lot worse than that.
@Anthony-db7cs Жыл бұрын
We have the means to getting everyone food. Our government won't pass meaningful legislation to make it happen. The economic numbers are important.
@BornAScout Жыл бұрын
They want to analyze everything *except* the fact wages have been stagnant for decades.
@2polopolo2 Жыл бұрын
Society depending on people buying unnecessary things with money they don’t have
@vincentharris7909 Жыл бұрын
💯!
@HerbsRentalJourney Жыл бұрын
+32.8% home price increase in just 3 years, makes me sick to my stomach 😢
@johntran1352 Жыл бұрын
Wages went up as well. Dont look at the picture one sided.
@videogarage9221 Жыл бұрын
@@johntran1352 Wages are not up 30%+ over the last 2 years. Did yours ? I don't think so.
@doujinflip Жыл бұрын
Thank those businesses (both corporate and rich family) buying out houses they don't themselves need except as an "investment" to sell at their leisure at your expense.
@Dee--Jay Жыл бұрын
Just because inflation is coming down don't mean prices are coming down. It just means its likely prices are towards the end of going up. Throughout history, prices never came down. You know these money hungry companies not gonna give back their extra profits
@asadb1990 Жыл бұрын
Prices will never come back down.
@Demopans5990 Жыл бұрын
They will, but only when everything else has been set on fire
@RM-jb2bv Жыл бұрын
That’s not how any of this works you brainwashed goon. What companies are you even talking about? Businesses don’t just get to pull prices out of a hat and force customers to pay. If that’s the case, Why don’t you start a company? Go collect dirt outside and sell it to your neighbors at $50 a jar.
@Combat_Medic Жыл бұрын
Except Tesla has decreased prices on a few models and Nissan has cars under $16K again. Egg prices have gone back to normal. Milk is back to $3.50 a gallon. Keep living in your fantasy land.
@GreggyMcfly Жыл бұрын
@@asadb1990 They will. All we have to do is tell those price gougers to take a hike. Shell, Speedway, and BP set their prices to $3.99 in my area. I don't care because I don't go to them anymore. Sam's Club beats them every time, and it's the same gas. Go figure. I boycotted those three giants.
@aldoogie824 Жыл бұрын
Never under estimate the American consumer’s ability to spend way beyond their means with a credit card in hand.
@johnwilkins3995 Жыл бұрын
My fellow Americans are stupid. I make 100k bc I work tons of ot. Paid off car, huge rainy day fund. Multi invested. I hope to retire early to get out of this madness.
@cpufreak101 Жыл бұрын
@@johnwilkins3995 damn I'm in a good financial situation but I can only hope to have the actual knowledge to do good things with it. Feel like taking on a car payment was a mistake but it was a necessary purchase
@johnwilkins3995 Жыл бұрын
@@cpufreak101 good for you, save and buy a cheaper car and pay it off. All depends on goals I suppose. Buying a house in future? Need cash. Rates going up help the savings actually now.
@cpufreak101 Жыл бұрын
@@johnwilkins3995 it is a cheaper car no worries there lol, it was circumstance with my previous one getting totalled out that led to the purchase
@julieheath6335 Жыл бұрын
LOL!
@SpiderpigThe Жыл бұрын
I don't even remember when i went to a fancy restaurant or took a vacation. I used to do this so much pre-2021.
@vancedthobehill8048 Жыл бұрын
My pay increased by $300 and my rent increased by $3500. I work full time 80 hrs and make more than 2x federal min wage but now I might need a second part time job for rent. As it stands now all i do is work. Sleep and repeat. I can't stand living like this but without any family or a womb to start my own it's rough out here. I remember rent being $750 for a 2 br HOME now you can't get a 400ft studio for under $1100
@michaelashby9654 Жыл бұрын
How many times can the experts tell us "this time its different" be proven wrong, and we just forget and move on? Apparently many times.
@GreggyMcfly Жыл бұрын
It's not. Expect it to crash within a few months. If not, maybe shorter.
@chriswhynder8311 Жыл бұрын
@@GreggyMcfly why with in a few months?
@someoneelse9059 Жыл бұрын
Rinse and repeat…. Stupid people are, stupid…. Who would have guessed.
@cas343 Жыл бұрын
@@chriswhynder8311why not lol
@Dottydawes Жыл бұрын
Who said that in the video… Jerome ( Mr inflation is transitory) Powell. His credibility is lower than whale crap.
@alooga555 Жыл бұрын
Where I live, property taxes are killing me. Sure, my house is worth a lot more, but I can't fully tap into the equity I've built up until I sell it.
@jbar_85 Жыл бұрын
I live in South Florida. Property Insurance is going SKY high. It is going to ruin many lives. People will have to move because they can no longer afford it anymore.
@AznPrzsn Жыл бұрын
Sounds like ya should sell then!
@InternetUser._ Жыл бұрын
One of the reasons I rent for my primary residence. Insurance and taxes alone would cost me more than my rent.
@gossling77 Жыл бұрын
@@jbar_85Would You like to share how high are they? Im just curious to know
@Matthew-rp3jf Жыл бұрын
Sell then. Nobody feels sorry for your increased taxes.
@BrendanGeormer Жыл бұрын
Weird that we've never seen an impending recession/bubble burst become worst due to trying to stall it, say.... 15 years ago.
@supermansuperman9066 Жыл бұрын
The Dow rose 56% during Trump's Presidency. This was near 11.8 % yearly. It had a Tremendous rise as soon as he won Office. I don't know how anyone can say that the stock market wasn't historically high over and over during Trumps POTUS . It hasn't dropped too bad even under Biden's " Reign". The reason I believe is that Investors have been since day one of Biden, hoping for a Trump win for #47. Stay in and invest for the long term. Don't worry.
@AxlAX Жыл бұрын
@@supermansuperman9066 💯
@renegade9777 Жыл бұрын
@@supermansuperman9066 lmao!
@Leo9ine Жыл бұрын
Of course the DOW did great under the shill who sold out the American people to corporate interests, what a surprise
@alphaomega1351 Жыл бұрын
For goodness sake, why don't they just let the inevitable kick in already! Bring on the recession or depression! Anything to get back to some state of normalcy!!! 😶
@braeplvto Жыл бұрын
people are just too comfortable they dont wanna go through a reality check
@TheLegitAlpha Жыл бұрын
There is a solution to prevent recession, but it means radically changing the economy to move away from focusing on growth.
@ce9916 Жыл бұрын
What should we focus on?
@HighLow_Milo Жыл бұрын
@@ce9916 the needs of the people. Rather than every company just focusing on getting bigger profit margins, then using those profits to buy out politicians to do the bidding of these companies. Wealth inequality is at an all time high. The rich have gotten so rich, and theyre brainwashing the poor to fight over the scraps. The best tangible things we can do at this moment are vote for grassroots politicians who do not accept corporate donations, start unions or join unions if applicable, and talk to others about all of this. The people will only gain power if we stand together and take it back from tyrant billionaires.
@bluefernlove Жыл бұрын
@@ce9916 increase quality of life for all. But as soon as you hear social based proposals, you scream "commies" and that's as far as it goes. If government spending was focused on its people, instead of saving big businesses or engaging in wars, it would be a very different tune.
@ce9916 Жыл бұрын
@@bluefernlove many people who advocate the kind of solution you’re mentioning don’t understand the dynamics of incentives. Other people tend to view the world without nuance, just like you did. Become the change you want to see.
@levmoses742 Жыл бұрын
You may be correct, and if we had growth without Greed aka limits on CEO and c-suite pay so everyone in the company can make a living wage, that might also help. $7 or even $15/hour for “essential workers” like the people picking and our food, keeping our place’s sanitary, or even managing food servers, was never a long time plan that was gonna succeed.
@tampabayrodeo2474 Жыл бұрын
The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.
@mcginnnavraj4201 Жыл бұрын
In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
@hannahdonald9071 Жыл бұрын
@@mcginnnavraj4201 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
@graceocean8323 Жыл бұрын
@@hannahdonald9071 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@hannahdonald9071 Жыл бұрын
My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@graceocean8323 Жыл бұрын
@@hannahdonald9071 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
@TimothyNeu1986 Жыл бұрын
We're only delaying a recession right now. Necessities are price so high that the average consumer is putting them on their credit card to make ends meet. I'm wondering what will happen when the average American family defaults on their debt & cannot pay their bills? Sure the big businesses & banks will write off that debt, but the everyday family will be destroyed. I see in the next few years a massive depression. No joke.
@GreggyMcfly Жыл бұрын
It'll happen in a few months, my friend. Don't be scared, be prepared. The consumer will have far more power because of that.
@889976889 Жыл бұрын
Depression? Not so much another 08? Definitely possible. Lot of fear mongers out there I heard 2 years ago we were going into a depression still hasn’t happened people mix up recession & depression a lot when they’re not even close to the same thing. Depression is unemployment rate over 10% which we haven’t seen since the 20s
@eagle25311 Жыл бұрын
It's all crap. I see expensive vehicles on the road everyday people are buying crap they can't afford then apparently. If they are living off credit then they aren't average. Unless the average person is stupid these days.
@ce9916 Жыл бұрын
How do you think business write-offs work?
@Dottydawes Жыл бұрын
You fail to mention those who are responsible will end up carrying the load thru increased fees, low returns on our investments, increased taxes etc.
@lane2065 Жыл бұрын
It's bizzare to me that folks are complaining incessantly about food prices but don't have a problem forking out $200.00 for some ear buds at 20% intrest😂
@Tamara-gl5vk Жыл бұрын
Stressed people that dont budget do stupid things.
@kevinslater4126 Жыл бұрын
5:05 So I do what exactly, stop eating? Stop paying rent? What choice do I have?
@chris2746 Жыл бұрын
So many people have been forced to cut down their spending for so long that the fact that we can only afford to buy the necessities doesn't really change things that much for the average consumer, because that decrease in demand has already been present before because we can't afford to buy anything beyond the necessities. The worst things that companies could do is to try to "get ahead" of a recession by performing major cost cutting and layoffs, because that would then cause a lot of people to then be unable to afford even those necessities. Unfortunately that is exactly what most companies are doing, and will likely be the major leading cause if we have a recession.
@djm2189 Жыл бұрын
They have too much access to credit. With the way things are, banks need to limit the credit access to people who carry a balance. Force some actual budgeting. Fed released that 60% Americans can't afford a 1k emergency without borrowing. Everyone seems to have all this extra money vs me and I make over 100k at 28...
@chris2746 Жыл бұрын
@@djm2189 I'm in the same situation as you, but I don't see how this is an issue of "too much credit". Credit is the only thing that is keeping a ton of people from starving, and by nature deficit spending is only a temporary solution and they can't keep doing it forever. It is much bigger than a "budgeting" problem. Inflation is way up, but companies are proudly declaring record profits and spending tens of billions on stock buybacks, but then saying "sorry the economy is bad, we can't afford to raise wages" - like microsoft. The only people who have seen SOME wage increases are minimum wage workers, and even then 15/hr isn't enough to afford a 1 bedroom apartment anywhere in the country. This isn't a matter of consumers being bad at money. It is corporate greed.
@djm2189 Жыл бұрын
@@chris2746 i agree to the corporate greed 10000%. But you know darn well many people are living way above their means due to credit. You multiply the average consumer to many millions which is the norm. They aren't starving, they could eat beans, rice, or use food pantries. But many want that new car, clothes, fancy food, eating out, etc. If they were capped they would see the ceiling but currently that ceiling keeps moving. Necessity brings innovation.
@Rucnas Жыл бұрын
If we have a recession? We're already in a recession. Those companies are preparing for a depression at this point. Lmao!
@Rucnas Жыл бұрын
@@chris2746 Corporate greed is just a part of the problems. Americans have a tendency to live above their means. They spend more than they can afford and rotate through multiple credit cards. That's not corporate's problem. That's a personal problem.
@TikkaQrow Жыл бұрын
9:37 'income inequality perhaps shrunk?' no it didn't The average recent college graduate in May 1981 earned $15,200 per year-which is just over $51,000 in 2023 dollars. If you graduate in 2023 and you're NOT making at least $51,000 immediately, you're poorer than your 1981 grad counter parts. Wages aren't keeping up with inflation and it's frustrating.
@we8608 Жыл бұрын
The trickle down system isn't working.
@Starry_Night_Sky7455 Жыл бұрын
The sheer number of general college degree grads I see with zero job prospects is sickening. Really I place full blame on the greedy colleges and this corrupt system that knows full well they are exploiting these hopeful individuals without any care what happens to them as post-grads. Having said that, if you play this higher education game right, it can be a lucrative payoff. But that takes knowledge many potential incoming freshman do not have. They are completely naive. Not their fault. Colleges are predatory. They know better yet, fleece these people anyways.
@we8608 Жыл бұрын
@@Starry_Night_Sky7455 there are no job prospects thanks to nepotism and senior citizens who can't afford to quit.
@griffinsutich1067 Жыл бұрын
We're "stalling" a recession because we keep changing the definition.
@swicheroo1 Жыл бұрын
I'm not spending less. I'm actually spending more. But I am only able to keep pace with inflation because I was able to make almost double my income. What I'm seeing is people are being more selective in the kinds of discretionary spending. Like I took a bucket list to Japan two months ago, but that was spurred on by the fact that the yen was at an all time low.
@HoLeeFuk69 Жыл бұрын
I mean to keep pace with inflation most people would need to double their income
@Tamara-gl5vk Жыл бұрын
I have a list and a budget. It also helps to choose when gift buying. You have a lot of days that are heavely marketed. We spend 1ce in summer for a nice bbq on our balcony, we only do bday gift, with xmas we get a 15 euro tree and use ordaments abd decoration we have had for the last 8 years and new year we selebrate with a small bottle of cheap wine. We have weekly movienights at home with the beamer. So lifes good.
@Starry_Night_Sky7455 Жыл бұрын
What a great trip that had to be! ❤
@patrickwalsh4615 Жыл бұрын
The american economy is all B.S. with what we spend on political ads & campaigns, drug ads & stockpiling weapons, we could fully fund health care for everyone & paid parental leave!
@teacfan1080 Жыл бұрын
BINGO!
@LoveHandle4890 Жыл бұрын
“You think I’m stalling? Stalling!”
@Astro2024 Жыл бұрын
"Staaaalliiiiiing!"
@MariaClemons Жыл бұрын
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
@EmmanuelCage-xd7bt Жыл бұрын
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
@andreaberryman5354 Жыл бұрын
I hate risk, so never did stocks, but my mom did. She advised me to buy metals. "Gold is safe". Switch over to silver, copper, gold, and chromium. All of those solar panels.
@Hullified Жыл бұрын
Companies need to stop the price gouging.
@889976889 Жыл бұрын
Stalling ? We’ve been in a recession by definition since July of 2022 it’s really starting to show now.
@loriallen67 Жыл бұрын
It’s rough out there for many people….😢😢
@jloop_2008 Жыл бұрын
I'm not going to take budget advice on a girl who couldn't afford to live in Arizona, so she moved to California with her parents. What bills do you have, child? Do tell! Lol. What a joke.
@TheAndrew1025 Жыл бұрын
Arizona is expensive now! It’s not as cheap as it was before the pandemic… gas is higher here then in San Diego, you won’t find rent cheaper then $1600 a month for a one bedroom apartment unless it’s in a bad area
@think_query Жыл бұрын
A guy I know owns a moving company in Arizona and he said it keeps him busy so I guess the stories add up
@Maderasdesign Жыл бұрын
She’s not giving advice, she’s telling her story on how the economy has affected her.
@elconejomalo787 Жыл бұрын
Arizona has been getting expensive it’s not cheap anymore
@tindrums Жыл бұрын
She has a house there and saved on rent. Thats what she said.
@victorortiz193 Жыл бұрын
"I don't like to save money, I like to spend money"; also her: "Last year I was paying rent in Arizona, and I was frustrated because my income was disappearing..." Really?????? Really???????????????????
@ppmny7015 Жыл бұрын
Gen Z is spending with abandon; still living with parents and not paying rent or energy bills. Both my kids are doing this. That generation is keeping the air in the bubble.
@jidoorifalcon Жыл бұрын
The high cost of living is making it harder for young people to achieve independence nowadays.
@ppmny7015 Жыл бұрын
@@jidoorifalcon I agree, my girls are 24 and they can't afford to rent a place in our locale without a bunch of roommates. Hell, I can't even afford a house here. 😒
@frederickwoodard9551 Жыл бұрын
That is why I am holding on to a 14-year old Truck size SUV 🚙 because it still runs great which, there is no reason to trade it in for a newer model and my credit score is shot to hell.
@KitwiSauce Жыл бұрын
I wish I had the opportunity to move into my parents house, but my family is too dysfunctional for that kind of luxury. If you can do this, take the money and run!
@kpreap Жыл бұрын
consumers are spending but with CC, we had the housing credit bubble, now we're in the credit card bubble
@we8608 Жыл бұрын
There is definitely a housing bubble this time around. And there's a banking bubble (thanks to crypto). And a credit card bubble. And a commercial real estate bubble. And political turmoil.
@kpreap Жыл бұрын
@@we8608 doesnt phase tech stocks one bit
@Soy_Preinaugural Жыл бұрын
This soon-to-come recession isn’t due to inflation, or wage increases. Our current economic situation is due to price gouging and corporate greed. CEO’s, shareholders, and companies have reported insane increase in profits during this time.
@josephhughes9583 Жыл бұрын
_Great video! I've been trading and investing for about 2 years now. As you mentioned, it really is crucial to recalibrate the way we look at certain things in order to remain confident in our trades and investments. It was also pivotal for me when I really realized I was "crossing my wires" in that I was treating certain stocks that should be day trades like long-term investments, and flipping stocks that I should have been holding as long-term growth investments, lol. Personally, I enjoy both day trading and investing, so I had to learn to identify my specific goals first, then I had to learn to identify which stocks I should only day trade for the time being and which stocks I should hold and build positions with. Day trading is a lot of fun for me.... Especially with the help of Olivia Maria Lucas She has been instrumental in my trade success, And as you mentioned, investments are our friends!
@cooperhayes7055 Жыл бұрын
Olivia Maria Lucas really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
@jessicasam2516 Жыл бұрын
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her.Based on her résumé, Olivia Maria Lucas appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her
@jonathanneal9399 Жыл бұрын
Most Americans are living off their credit cards. Balances are higher than pre-pandemic balances. Most of the stimulus has been spent, but keep in mind student loans have been deferred for three years now which is an average of $400/month. I see a slowdown brewing when debtors have to start making those payments again which will take away spending from the services mentioned in this video. Also the interest rates jumping from 0 to 5.25 percent will have a lag effect on the economy.
@down-to-earth-mystery-school Жыл бұрын
Stimulus was spent in the month it was received for most Americans. The idea that most people were able to save it as discretionary funds is silly.
@michaelcre8 Жыл бұрын
The inflation problem is real estate hoarding and lording. That's why wages never rise faster than inflation no matter how much they go up. The cheaper it is to hoard and lord, the more inflation there is. That's how the 2017 tax cut on top of Bush's tax cuts hurt most of the economy except for investors.
@ridiculousred604 Жыл бұрын
Also big banks like Wells Fargo and credit card companies like American Express Have been rapidly shutting down call centers here in the US laying off American Workers and Moving to India or other countries where they can underpay people and risk all of their loyal US based customers banking and personal info at risk
@alb12345672 Жыл бұрын
I was looking at a lawn tractor, reading reviews. In Oct 2020, A guy wrote he spent $1799 of his hard earned money on it...blah blah. Now, in May 2023, SAME lawn tractor, 2399. 🤣🤣
@Ink30 Жыл бұрын
and at that price it's probably not even that well built 😂
@pawpatrolnews Жыл бұрын
Why do people act like a smaller tax return a bad thing? That's a free loan you give to the government. They make money off of your money while you get nothing extra for the privilege of them holding on to it for you for a year.
@Bryan-fb8dh Жыл бұрын
We have been in a recession sense the start of the year. Its getting worse. Im a freight driver I know exactly how many goods are made and consumed. Never ask an Economist how the economy is going. Ask a truck driver.
@outterlimits1 Жыл бұрын
That old bumper sticker "Shop until you drop" will turn into "Work until you drop" Many won't be able to retire
@darlayjones669 Жыл бұрын
The real truth is that consumer spending is based on a pile of debts on credit cards with high interest rates. That's a real recipe for a real disaster.
@Gilgo-Beach-Slayer Жыл бұрын
I lost my job recently, I got rid of my cable tv and internet $180 month. I also got rid of my. P.O. Box $249 a year. Its tough out their with high gas prices and food prices. Stay Strong every1 💪
@batnotbad2561 Жыл бұрын
Ow nahh.. Not the TV Cable ...
@beth3535 Жыл бұрын
Those are solid cuts! Groceries and home energy changes will help you get things under better control. It all adds up.
@ok.ok.5735 Жыл бұрын
Because I’m living at home I’m saving that way.?!?! Makes no sense everyone needs to live in a home.
@LostMySauce Жыл бұрын
Well you can't live in a box
@ok.ok.5735 Жыл бұрын
@@LostMySauce It might be less expensive for a smaller house. But we all literally live at home! Like what am I going to do get a hotel and just visit the weekend
@weird-guy Жыл бұрын
Live with your parents .
@Brandee. Жыл бұрын
I don't even spend frivolous or go on vacations like I used to...everything's so expensive, I brown bag my lunches and sold off my other car...so YOU tell me..
@beinquisitive Жыл бұрын
It is all about maintaining the delusion. We are the coyote running off the cliff while chasing the roadrunner. We are still running, but there is no land beneath us. As soon as we look down... look out below
@YFZriderdude15 Жыл бұрын
spot on
@TheSomonenew Жыл бұрын
I love how CNBC is salivating over the prospect of having a recession.
@ce9916 Жыл бұрын
Can you cite the parts of the video that give you that impression?
@AIIICH Жыл бұрын
@@ce9916 Recession leads to miserable people with no resources miserable people with no resources, lose hope. Losing hope leads to desperation desperation leads to madness, then destruction destruction = good drama for news companies :) Your 10 minutes of hate are ready for viewing.
@ronaldoleon48 Жыл бұрын
Really crazy how companies are seeing record profits despite all this inflation, wonder if all these price hikes are only accounting for inflation, or also accounting for there massive increases in profit 🤔
@andreaberryman5354 Жыл бұрын
I watched a video on that. Companies complain it's their supplies costing more, yet Hershey's and Nike state that AND BOAST OF MASSIVE GAINS. One company gleefully watched its profit climb 137%!
@5785B Жыл бұрын
Consumers keep spending more on necessities due to out-of-control inflation, using money they don't have as in credit cards. Soon we will not be talking about a recession but about depression.
@noogman Жыл бұрын
One of the most concerning credit card traps is online shopping. Many brick and mortar stores no longer carry those low profit items they did in the past. This forces consumers to use their credit card to buy those items online. Bit by bit credit card debt grows. One way to stop online purchases from building credit card debt is to purchase gift cards to use online.
@doujinflip Жыл бұрын
Or just learn to zero your credit card balance every month. Debit and gift cards have less protection against the inevitable hack, because it's specifically your money getting stolen and not the bank's.
@liko098 Жыл бұрын
The problem I see is people keep paying the price. Everything is by supply and demand. People keep spending than they will keep selling the same way. Houses with this high interest rates people buy make 0 sense. Honestly its a ticking bomb the feds need to keep interest up. I can assure people are in insane debt overall.
@jbar_85 Жыл бұрын
Yep, very true!
@CJ-mt6zd Жыл бұрын
Absolutely, no way this economy is normal or healthy. Spend spend spend!
@think_query Жыл бұрын
Glad to see someone mentioned Supply and Demand. I find it fascinating that the video mention that income growth for the lowest class grew the most and the highest class grew the least… probably have to verify that data. This kinda makes sense seeing all the hiring signs. Brings up another interesting idea about supply and demand… equilibrium. Now that labor is tight, it is causing the value to go up for labor, labor which is needed for providing products/services. It is bringing society’s needs and wants down to a more reasonable level, especially for those upper income earners. More people should work smarter. If the work/labor that you do is valued below the average income of where you live… it’s time to work somewhere else or a different industry. This is how value “tries” to reach equilibrium. It’s all supply and demand
@OgdenM Жыл бұрын
@@think_query , to bad income is still way below what it should be for the lowest paid people. Wages were stagnate for 20+ years! I know this for a FACT! I had a job 16 ish years ago that paid $13 an hour. That same type of job as of 4 years ago still paid the SAME amount of money. Then the city I live in raised minimum wage to $15 and hour and it now pays like $18-20. Nevermind that minimum wage really should be $20 an hour.. IF prices for things didn't increase. .. and that job is not a minimum wage job btw. That job should be paying about $30.
@Justin3x3 Жыл бұрын
Lol at finding apparently the only young person in America who couldn't already tell you everyone's poor years ago.
@jennifer7648 Жыл бұрын
I sure hope she knows how blessed she is to not even have to look at the price of food before buying it!!
@unreal111 Жыл бұрын
I think as Millennials are approaching in their 30s, they have no choice but to spend more. There are 80 million of them. If they don't start families now, they will never be able to start later. So, most of them are choosing to start families now given the high cost. So the demand will stay high.
@eljefe5858 Жыл бұрын
Millenial are almost 40's got over 18-21 before 2000. That is why MILENIAL, MILENIUMM You are refering to z I guess.
@Originaltuber Жыл бұрын
@@eljefe5858 I just turned 30 and I’m a millennial. I think the youngest millennials are turning 28 this year. The oldest are 40-41 I believe.
@paytono44 Жыл бұрын
@@Originaltuber correct, I'm the youngest millennial year and I'm turning 28 this year. Not planning on having kids.
@unreal111 Жыл бұрын
@@eljefe5858 Gen Zs are still being born. A generation is about 20 years long. Gen Zs population will not be as big as Millennials because Gen Zs parents are from Gen Xs. Since Gen X was about 20 million smaller than Baby Boomers (~80 million), it will account for lower economic activity. This is not account for the immigrants. So at the end it might balance off. Thank God for the immigrants, our population would have suffered same as China.
@victoriahope8371 Жыл бұрын
Babies and kids don't need a lot besides food, hygiene and medical care. They don't need expensive toys, trips and other things. Just stay in and teach your kids how to learn and do things like math and science. If they want something more luxurious than a dumb phone or basic stuff then they can get jobs to pay for it. Stop coddling your kids. If I get lucky enough to be healthy for pregnancy, that's how I'd raise them. I don't remember the so called vacations my parents took me on or toys so why worry about buying kids stuff they won't even remember? I'm 30 by the way.
@Debkah Жыл бұрын
Its weird how americans talk like they will live for ever. Always planing for the future.
@weird-guy Жыл бұрын
While I agree that USA is obsessed with past results to predict future returns I think it should be a balance enjoy life but put some money aside incase something happens for example care homes cost an average of 1300€ while minimum salary is at 760€ and average pension at 500€, In my country life expectancy is at 81 years old , with men dying sooner than women.
@DreamCatcher-wg1bk Жыл бұрын
Nope. Recession just getting postponed artificially. Its gonna happen, but in a different fashion.
@neutral139 Жыл бұрын
I admit, I am a bit out of touch re: keeping a cc balance, but do normal people really keep like 10k in CC debt around? How certain are we that these numbers don't just reflect the amount that hasn't been paid yet on the CCs? Like when the utilization gets reported mid billing cycle?
@OgdenM Жыл бұрын
Idk about keeping 10k. But the fact is that most people keep a balance on CCs and having ANY balance on them is BAD, period, end of story. The only debt one should ever really have is for 1) a house 2) a car 3 ) a business
@talktojmm Жыл бұрын
I'd love to know how many people are working 2 or 3 jobs now. With so many businesses looking for people and many of those jobs paying more than they used to, I would posit that many are working more to cover costs, pay down debt, and put money away in savings or 401k, etc. I have yet to hear anyone talk about this.
@happycook6737 Жыл бұрын
Yes I have more than one job.
@innocentrage1 Жыл бұрын
A lot since unemployment is only at 3%
@we8608 Жыл бұрын
I don't know of anyone who only has one source of income. They're either shackled in a marriage or ltr to make ends meet, or they have other means of securing 2 or more sources of income.
@OgdenM Жыл бұрын
@@innocentrage1 , the unemployment rate is utterly BS. It doesn't take anyone NOT receiving benefit into account which is really major. It also doesn't take into account people that are underemploymed. (Ergo, either working much less hours then they should be given OR working in jobs WAY under their abilities because they can't find anything else. )
@OgdenM Жыл бұрын
@@we8608 , I have a single income, but I'm dirt poor and just don't spend much money and have lucked out that my landlord has kept my rent at the same price for 8 years... Wowo, I now have about 2,000 in savings for the FIRST time in my life. But, I'm indeed very lucky with my rent situation.
@terryspalding3765 Жыл бұрын
"Keep spending" *me making the most money I have made in my life and still struggling to progress in life*
@youtoobization Жыл бұрын
There's a lot rich people in the US that will keep the economy afloat with their spending as long as the stock market doesn't crash. If the stock market crashed, all hell would break loose. Depression, de-dollarization, national debt default, all the worst nightmares might come at the same time.
@pgdog888 Жыл бұрын
😂😂😂😅😅. U must not live in America.
@asadb1990 Жыл бұрын
@pgdog888 so true there are faux rich aka the joneses) they may be deep in consumer debt but they will still live it up. Tons of folks buy the best clothes, food, cars, huge homes, etc even if it stretches them thin
@juannevindez6969 Жыл бұрын
Rich people hoard money. Don’t pay taxes and hide money overseas.
@gossling77 Жыл бұрын
@@juannevindez6969they spend more than You and me, and our families and prolly all colleagues combined even if they hoard
@tmm226 Жыл бұрын
It's going to crash😮
@mrd.808 Жыл бұрын
Eating just one meal a day (OMAD) has significantly improved our health. However, please note this type of meal plan might not be suitable for children and teenagers who are still growing. Thanks to this meal plan, I've successfully reduced my weight from 310 to 290 lbs and managed to bring down my blood sugar levels from over 250 to 108. Also reduced spending and able to save more.
@ce9916 Жыл бұрын
Trying to do groceries only once a month you’d be amazed at how much less stuff you buy
@Nick_S1 Жыл бұрын
I started changing things up and cutting out all the extras as soon as inflation starting hitting last year. it's help me maintain and increase my savings and investments over the past year. I'm still making changes continuously in case things get worse.
@djm2189 Жыл бұрын
Smart! I haven't been as strict but do check my spending. One big thing i didn't know is that cash in bank drops in value. I'm 28 and come from poverty. I had 30k didn't need for emergencies. Bank offered a special CD with 4.1% interest guaranteed. Trying to increase my net worth and counteract inflation where I can.
@mocheen4837 Жыл бұрын
We have been cutting back on spending as well. Things such as groceries, gas, clothing and food are much higher.
@wiifii5.071 Жыл бұрын
That sounds like slave talk do you ever enjoy you earnings? Or how does that work?
@Nick_S1 Жыл бұрын
@wiifii5.071 I do make big purchases every few years, just cutting non essential waste purchases.
@supadave422 Жыл бұрын
We've been in a recession for almost a year. The job opening numbers are cooked with fake job listings, companies guided earnings down for several quarters and the S&P 500 crashed 27% in 2022. Housing just needs to crash to wrap up this cycle.
@someoneelse9059 Жыл бұрын
Commercial real estate…
@supadave422 Жыл бұрын
@@someoneelse9059Agreed commercial real estate will crash first
@ce9916 Жыл бұрын
No, we haven’t. Look at the definition of a recession.
@ce9916 Жыл бұрын
@@supadave422 You don't know what a recession is, clearly. I'm suggesting you educated yourself vs. misinforming people who might believe your comment. I don't disagree, because I was not stating an opinion. Just pointing the fact that you don't know what a recession is 🤷♂