Adam Taggart is the founder of Thoughtful Money, where your wealth = our #1 focus.
Thoughtful Money was created to educate & empower regular investors just like you build wealth to fund their life goals.
We do this by interviewing the top experts in money & the markets to give you actionable advice on how to protect & grow your wealth.
Why?
Because today’s environment is one of the most challenging ever for “regular” investors: inflation, high interest rates, recession risk, runaway debt & deficits, volatile financial markets, unstable banks & geopolitical threats - just to name a few. How will assets like stocks, bonds, real estate, commodities, gold, Bitcoin insurance policies, estate plans perform in the environment ahead?
Are you just trying to figure out how to protect your family’s financial future from these risks - and hopefully grow your wealth, too - without becoming collateral damage to market events?
We sure think that should be your focus. It’s certainly ours.
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OK guys..i had a few hours to think about this and the problem is actually very funny: We're all KZread addicts!!! :) Who wants to work when we can be doing this. I don't. And this is free 24/7!!! I bet if youtube went offline we'd all get jobs by next week.
56 yr old professional here. You spend your 20s getting an advanced education and experience to make good money. You only have 20 years namely your 30s and 40s to make money! At age, 50 employers (beset with private equity owners), start to look askance at you. You need to either be rich, have your own business or be satisfied with leftovers by age 50. Most people dont quit they are just jettisoned from the workforce way before their normal retirement date. This is what then leads to either depression, disengagement, addiction or maybe even criminality! The US economy is FABULOUS at creating low wage jobs!!!!! And destroying well paying jobs. The family you support is in the US at US prices not in Guatemala at their prices. The private equity people running these shops need more and more peons to do service work for them: uber drivers, yoga instructors, food delivery people, burger flippers, bedpan changers in nursing homes. You wont find middle aged American males in these professions.
Best interview of yours ever. He is so articulate and balanced. Keep bringing him back when he has updated information.
Stop this speculation. We have had continuation since Oct 22-51%. We dump in 25 when election over and ret to reality
I don't see that Adam's analogy around the median really exists in the consumer world. The top 10% of consumers can't do enough spending to drag up the average of the rest of the consuming population. The credit card data and BNPL data actually disproves this entirely. It's not the top 10% of consumers that are dragging up spending. EVERYONE is spending up, they are simply putting it on credit on BNPL platforms etc. Consumption is more about volume then it is about the value of the dollar spent by the most wealthy cohort.
The greatest amount of victim culture comes from business assholes whining about taxes and regulations. Ayn Rand, Mount Pellerin, all that Nazi dreck, tells rich people that poor people and government oppress them.
Learning prudent and productive financial behavior is far more valuable than getting a college degree. It's Rich Dad, Poor Dad in action. Not "How do I find a job?" but "How do I create value and get paid for it?" Long live the entrepreneurial spirit.
"This time is different," is the most dangerous gamble in investing, but sometimes it's true. Though economic theory and human behavior do not change, context always does. The fact that the Fed discovered they had no financial constraint on credit creation through the banks and UST, has created a unique context that renders comparisons to past data less relevant and predictable. The explosion of public and private credit on a global basis has created a scenario we haven't seen before. And the further interventions of the Fed and UST into credit markets makes the future that much harder to anticipate. The only way to manage this uncertainty is through diversification and hedging.
The Fed and other central banks sent the message to their governments and public, "when things get tough we can always print more money and make borrowing cheaper" so everyone else figuring out that if they can do that, why work only to contribute so much of your hard earned income to paying taxes that really just goes towards pay off the deficits created by the governments ill-advised economic policies.
Young people are not giving up on work nowadays. They are giving up on slavery. working for a pitiful salary that does not cover just a rent let alone other areas of basic necessities. These old hypocrites making videos instead of looking at what real problems are, they are nagging young people for not working.
Government and corporate greed with too much of the $'s going to the top. At this point, either boomers can have their assets drop or minimum wage needs to go up to get ratios back in line. Otherwise, why would I or any other person agree to spend our time to make some rich person, richer? Just wanted to add, I graduated college, have owned two successful restaurants and now are just going to hustle. Sick of others making bank off my time and effort. It is not about people being lazy or unmotivated; maybe folks are sick of being used and giving up the one thing each of us has a very limited amount of, time. Why waste your most valuable resource to make bankers, governments and corporations rich, just to barely get by?
Capitalism is shit. And it's dying. That's why. Yes. You are judging and criticizing. Your whole raison d'etre, AEI, is to flatter the financial elite. To jerk them off.
I would recommend also including the PBOC, BOJ, ECB balance sheets in the liquidity analysis to get a more global picture.
This is the biggest pile of crap I've heard from one of your guests
This weekly interview has devolved from useful market talk to Millenial and Gen Z career counseling☹
Well, we'll tackle a different topic in next week's Recap. Given that this is graduation season, the career advice seemed timely
Do Eastern Emerging Markets also buy miners?
Work anywhere.
My money reserves are dangerously low, I gave my car back (willingly repossessed) credit cards are maxed ! jobs in my area say they are hiring but aren’t, had to decide to move 9 hours away just to be able to get an interview. I have to liquify my assets. I can’t keep working towards bills rent and food, I’m better off trying my luck somewhere else (another country) after I sell all my stuff, if it doesn’t work out I’ll accept my fate come back work forever or save to leave again for another few years, I don’t know about you, but I’m not trying to work everyday of my life to have nothing, credit system is stupid, houses are overvalued, apartments are too expensive, cars are overvalued, credit cards are a scam, you literally need insurance to wipe your own ass (for everything) mandatory or else ! They are nothing without us, I’m with the young Chinese approach, LET IT ROT !!!!
Who wants to go to work to be told by the government that they have to give up 30% of everything they do? No one. The entire system is broken starting with the federal reserve. They were created, then taxation soon followed followed then by the elimination of real money into this garbage we call fiat currency. The fed was needed when gold and silver were real money and in limited supply. Governments needed to borrow real money back then. Nowadays the governments can just print fiat currency so no need for a central bank.
Next point is that the native Americans had things right. Tight knit communities. Men went hunting fishing and taught young men how to become real men and defend the tribe. Women did their thing and taught the girls how do do womanly things like cook, garden, clean the kills from the hunts, sewing. This isn't sexist, it's just that everyone had a purpose in the tribe. At night they had campfires and danced and made love all night. IMO more people need to break away from society and go off grid and live off the land. Rebuild the buffalo herds and get everyone growing organically.
I call horse manure...Don't listen to these liars.
Those adaptive techniques you mentioned that consumers use when they are pinched, we've been doing this since the 1980's. Nothing new here.
Tom, Michael, and Lance, your market trifectas!
"Every child left behind" Everything you see is opposite
You go work for nothing! You go work for all your shit! You go, go, go to your END! Compromise your HEALTH, throw away any PEACE of mind. Go work for DUST and Ashes.becouse in the End that's all there is. This society is going down like the Titanic, you know it. I know it!! Very little of this distorted concept of what is called community, society has any reality at all. Destroy the resources, make WAR because you do not have the intelligence to have Peace. You do not want peace, within you or the world.Go,go go. The End Game is HELL! You Go. Not I!
This preist looking guy talking about we won't see the jackobin revolutions is just plain wrong as a gen z We're literally pumping out guillotines taller and taller as a meme we call them lemonade machines.
Why would the market cool off if the trillionaires are the only ones winning ? Won’t they just keep the illusion going and sucker more people in?
This sounds like astrology for stocks. If anything should be saying there is trouble ahead it’s that inverted yield curve, but we won’t see that until we are into the uninversion.
I could care less to work and produce to be a slave to the system. The IRS alone made me give up my business. If youre gonna be broke anyway, why give your soul and energy to this fake economy where the government prints and steals your money to impress a fake world where nothing is ever good enough.
I thought you said that he was humming and F---ing. Which both can be done when the power is out.
Why do any of us agree to let other ppl spend our money?
Ok i thought it was me. I stop putting in applications
Is the drop in m2 due to inflation? People burning cash due to higher prices?
The young men today are physical and mentally weak.
Its a lot easier for young men to sit at home complaining about other people not doing their jobs than to prove themselves by getting their own. Its narcissism, failure to launch due to fear or failing to perform.
Every generation gets lazier and lazier and dumber too.
why do people take this pattern seeking chart crap seriously?
We have a pay to expense ratio problem. Too expensive to live. Employers aren’t loyal to their employees anymore. No pensions. Crappy benefits. Unfulfilling careers. There’s more.
They're just doing what all the rich people do - NOTHING.
People are not giving up on making a living. The statistics on "discouraged workers" simple reports people who have exhausted their unemployment benefits. Bad conclusions from bad numbers.
Well it make sense. After all it's been said many times that oil is the lifeline to our economy.
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incorporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Invest in real estate, ETFs and high-yield savings account.
Yes just buy Gold and protect your assets, the stock market is a rollercoaster.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Camille Anne Hector for about five years now, and her performance has been consistently impressive. She is quite known in her field, look-her up.
Yeah people don't trust the government because your own government try to kill you they lied 🤥 now that I'm used to eating dirt keep your money
Keep your tainted money - corporations/gorvernmets/religion mandated drugs - how ridiculous - nobody has a brain to say this is wrong (you are taking away peoples free will ) why would anyone want to be here if they are not in charge of their own person) and the people that try to say something we live in the shadows now
The most significant lesson I gained from the stock market in 2023 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key
Certainty eludes everyone; thus, it's vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.
Embracing uncertainty, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Camille Anne Hector is the analyst that helps me. She has a large following and is easily found online. She has extensive understanding as I have made so much since following her.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes. Thanks for sharing
In the 1980s we started down this path of trickle down economics. All it has done is transfer wealth from working families to the top 10%. While at the same time not understanding that in a consumer based economy, working families do most of the consuming. The answers are get money out of politics, change the tax code, and change policy to promote working people.
Great interview, but I am left with a question which is, if Yellen in the Treasury is creating lots of money for Congress to spend, is that not getting into the economy and being invested into the S&P500? In the interview I can only remember the Repo Market and the Fed having an effect on the S&P and the not understanding why the S&P 500 was going up if the Fed were tightening which then went onto the Repo Market, but I didn't get the sense that fully explained the increasing S&P500? I am from the UK and invest in ETF's including S&P500 which would add to its increasing value along with millions of others from around the world.
Adam - I do not understand your infatuation with an equity market selloff. We keep on getting all time highs almost every month but you continue interviewing these permabears.
So go all in.🙌
It's not a mystery. Eugenix is real and the way they read out the best 10.Want a survival of the fittest is how they have organized our society. These are very rich and smart individuals.And they have history ahead of us that started in the eighteen hundreds.
Key points are left out... Legal immigration? Illegal immigration? Both of these impact supply and demand in every sector. Government borrowing? The primary reason for inflation. Open discrimination via unconstitutional DEI policies? Women's court system and women's laws? Federal and state agencies colluding to exploit men via the women's court system for profit? Title IV D reimbursement. Stripping children away from fathers to enrich women? Not child support, backdoor alimony. Theft of 40% of gross income to enrich the predetermined winner. As a divorced guy, you couldn't pay me to get married again. If I did and she divorced me, all that money would be transferred to her. Men should not play rigged games. Winners and losers have been picked and men are the designated losers by design. Does this mean life is over for men? No. What it means is you play the game and follow the rules but you turn your back on the bad choices women and the government want men to make. As the saying goes... I don't make up the rules I just play the game. And men are playing the asset protection game. The world is now in the hands of the strong and independent and the stunning and the brave.
Work is essentially a bad deal