Same thing is playing out now, the stock market is currently filled with both overvaluation due to rapid gains and strong economic fundamentals justifying high valuations. Raises concern for my $600,000 portfolio going 8% up and 20% down. So is it better to hold on or sell off positions to hold cash?
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Tracy Annette Webb 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..
I agree it‘s great advice but should come with the addition to always look for more responsibility and knowing your value in negotiations. There are tons of people who got stuck with the shitty tasks.
Josh Brown at his best in this interview, IMHO. Credit to Josh and to the interviewers for that. I will rewatch this in a week or so there are so many good points made.
I began working at 18, strived and grew my portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park i can retire in 9 years. What should I do?
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
Best quote: "Chris Hemsworth. He’s really handsome. They brought up the entire cast in front of the audience. Standing next to him they all looked like defects. They all looked like the factory is supposed to produce “him”. And they produce these things that you have to send back to the factory."
Love to 2x week guys. Thank you. Don't love the advertising plugs throughout. One at the beginning, one at the end. fair. But sprinkled throughout is super F**ing annoying. "you can just forward past them" Thing is, so many of us listen to this walking, working, driving etc and cannot easily pull our phone out to just skip past. I really hate that I pay for youtube premium only to get force fed adds by content creators. On the flip side, I could just stop listening to Prog G. So cry me a river I get it. I'll keep listening until the resentment gets too big. Still love the show. Just wish there was another way to monetize.
Of course they have. Plenty of active fund managers have beat the S&P 500, just like plenty of people have won the lottery. A better question would be what are the average returns of fundrise customers. Give all other research on the topic I sincerely doubt they have beaten the S&P 500, especially after fees.
@@christianfleury1522 Only if results are normally distributed. If 3 people make $1 and 1 person makes $10, only 25% of them beat the average. And stock market returns are rarely normally distributed. In 2023 72% of S&P 500 companies underperformed the index. The Magnificent 7 tech stocks represented nearly 70% of the entire S&P 500's gains.
🎉💥💫Scott hits the bullseye when he describes the corporate perspective as risk return and take it or leave it when you are at bat for your team.🎉😂❤ I really appreciate Ed's interview skills. Ed is a terrific role model for how to learn and earn🎉😮❤ Josh is describing signals v. noise and we are part of a global network. Americans have a very strong tendency to approach tasks with an athletic push and pull drive including where they can store their money. Investing is a contact sport and other countries are implementing more athletic practices. 😊🎉❤
Josh sounds optimistic. We've got high prices and lagging wages - on top of continuing layoffs, thus even less incentive for upward looking wages. Interest rates are high for modern history, further disincentivizing money flow... simply supply balancing out with demand. It's designed this way guys.. the next 6-12 months could look a little crazy.
"Aliens" was a great movie. A thrilling action movie. No doubt at all. However, I disagree with Scott saying it was better than "Alien." The first "Alien" movie was a visionary film that SHOCKED audiences with its terror, its art design, its visuals, its production and of course its directing and cinematography. It was a watershed moment in cinematic history. The scene where John Hurt dies while eating spaghetti still haunts every viewer (including this viewer) to this day. It introduced audiences, for the first time, to one of the greatest "villains" in all of fiction - the alien, the most perfect and terrifying predator imaginable. "Aliens" was a thrilling roller-coaster ride. "Alien" changed cinema forever.
This is brilliant advice from Josh. I genuinely worry about my peers who haven’t got this message; become owners of assets as fast as you can or be left behind. It’s an emergency.
Hold up. Y2K problems were only averted because companies spent many many millions of dollars updating their system and code base to account for the timestamp problem.
Few people remember that Alan Greenspan triggered the Dot Com bust by hiking interest rates beyond what was called for. This is hindsight of course, but Greenspan should have known better.
Not sure why the market professionals have no love for forward guidance. Markets are much calmer when we know what’s coming and how the Fed intends to move.
I love Scott's comment on the BIden Administration taking credit for a goldilocks economy. However, it may not be well received by middle america who see their costs of living increase and wages stagnant. Could be a legit play to not acknowledge that growth of the economy and avoid blowback from voters.
The exogenous market-rocking shock could be a CCP invasion of Taiwan, which would wipe out advanced chip manufacturing, along with Nvidia. edit: I didn't realize when I wrote this comment that China conducted a full-scale invasion exercise, without warning, on Taiwan this morning. Hopefully they limit their efforts in the near and midterm to saber-rattling. Losing advanced chips would seriously damage the US economy.
How many of the podcasts(1.7 million) are profitable - but also...how many of the 1.7 million podcasts are in the United States....slight market saturation....
It’s shocking that people who spend this much time monitoring markets and the economy make no reference to the ongoing debt spiral and wartime level spending despite full employment. Really it makes no sense to soften monetary policy as trillions in federal debt rolls over at higher rates? At least give the complete picture
I’m Gen X. $11,600 a year is more than my entire condo mortgage and property taxes in Albuquerque NM. I just don’t know how people afford children anymore.
I remember y2k like it was yesterday because it was my HS graduation year. I remember the panic and fear around the markets and it probably steered me away from finance because of it. And then there was (911).
12:50 Scott needs to go spend a week or two in a rural town in Wyoming, Nebraska, West Virginia......or heck, any town outside of London,NYC or L.A.; not in New York, not in Cali......these people are not feeling the "tremendous" economy he describes early on in this episode. That is probabaly why the current presidential administration is not messaging to the public in the way he (Scott) prefers.
Scott lost fifteen million in the market last year, by his own self admission , and still flies his kids around the world, bought a house in Aspen , and throws his employees the credit card to visit Mexico. Scott has lifted off our peasant reality orbit for some time. I would suggest taking his pov into your perspective and do the same.
I'd like to challenge Josh... having been in the 00's crash (and got laid off). I propose that: If there's sufficient employment and/or state tax revenue tied to the AI boom (think prompt engineers...) then an nvidia triggered stock/valuation crash can have drastic effects on real economy. Some supporting evidence: see CA's budget surplus melt away in '22 and NYC's in '23.... true, that partly was triggered by real economy, but also due to slumping tax revenue on the incomes from high tech(CA) or finance(NYC) employees Prove me wrong!
No youre missing a bigger point. AI is an efficiency innovation - what happens to all the folks who jobs now get replaced by AI? Lol. Disruption creates jobs. Efficiency destroys them! There has to be a disruptive innovation to counter the efficiency or all hell will break loose.
"Y2K was a prank"? No, Josh. Companies spent billions of dollars to ensure that their engineers spent millions of hours ensuring that Y2K didn't happen. It was a widespread problem, but it was a preventable problem. So people prevented it (largely) from happening. Your statement has the same energy as someone saying "the Ozone hole was a prank". It wasn't. The entire international community got together and signed a memorandum to phase out HFCs and CFCs. It is a testament to the effort of those involved in fixing it that it didn't affect you. But to call it a prank is ignorant.
Also Josh is wrong about that Y2K. Everybody needed servers because of the internet boom. Today everybody needs chips because of the AI boom. Its exactly the same capex bubble ffs.
@@imkindofabigdeal4308 Scott has talked about UBI and he calls said it has a branding problem. Tho he is pro the idea he thinks calling it a U.B. I. is a bad idea. he preferred calling it a negative income tax.
Same thing is playing out now, the stock market is currently filled with both overvaluation due to rapid gains and strong economic fundamentals justifying high valuations. Raises concern for my $600,000 portfolio going 8% up and 20% down. So is it better to hold on or sell off positions to hold cash?
Markets have incorrectly priced in such a pivot six times over the last two years. This is why pointers from market experts are essential.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Tracy Annette Webb 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..
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 email shortly.
Wow, Josh was on fire. Love both your shows and especially the collaborations.
Josh's advice to make yourself useful is absolutely, 100% right on the nose. If you remember nothing else from this episode, remember that.
I agree it‘s great advice but should come with the addition to always look for more responsibility and knowing your value in negotiations. There are tons of people who got stuck with the shitty tasks.
Josh Brown at his best in this interview, IMHO. Credit to Josh and to the interviewers for that. I will rewatch this in a week or so there are so many good points made.
Two videos a week with Prof G and Ed is excellent. Keep up the great work, guys!
Josh is great. Glad to see him in this channel! Thanks guys!!!
Great point Josh on difference between Nvidia from Cisco stocks! Wow Josh has great market history knowledge!
The Compound and Prof. G is a venn diagram of all my financial media consumption
The #ProfG team is rolling! Keep the videos coming Ed and Scott🎉
Josh has amazing insights
I began working at 18, strived and grew my portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park i can retire in 9 years. What should I do?
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
Josh is a ROCKSTAR!!!
Amazing Info and interview guys!!!
Always
Josh & Scott together...I could listen to them for hours.
Josh Brown is the most refreshing analyst in the industry. Always real talk.
Great video guys. Loving the substantive discussion and hot takes all around
Great episode this one.
Thanks! Take a glimpse at clips and highlights as well.
Best quote: "Chris Hemsworth. He’s really handsome. They brought up the entire cast in front of the audience. Standing next to him they all looked like defects. They all looked like the factory is supposed to produce “him”. And they produce these things that you have to send back to the factory."
Love to 2x week guys. Thank you.
Don't love the advertising plugs throughout.
One at the beginning, one at the end. fair.
But sprinkled throughout is super F**ing annoying.
"you can just forward past them"
Thing is, so many of us listen to this walking, working, driving etc and cannot easily pull our phone out to just skip past.
I really hate that I pay for youtube premium only to get force fed adds by content creators.
On the flip side, I could just stop listening to Prog G. So cry me a river I get it.
I'll keep listening until the resentment gets too big.
Still love the show. Just wish there was another way to monetize.
If you're looking for short term opportunities i would recommend you speak with Sam an advisor who has a good idea of stocks.
Great show and valuable discussions around the market, thanks Scott.
Just keep buying, DCA for the win.
Josh is one of the best and brightest minds on the street. Throws it down Long Island style
I love Josh Brown
Josh is the best
Had anyone beaten the S&P 500 by investing in Fundrise?
Doubt it
Of course they have. Plenty of active fund managers have beat the S&P 500, just like plenty of people have won the lottery.
A better question would be what are the average returns of fundrise customers. Give all other research on the topic I sincerely doubt they have beaten the S&P 500, especially after fees.
I looked into it about 2 years ago, it never made sense to me and i felt like i could get much better results elsewhere.
Statistically 50% should have beaten the average 😊.
@@christianfleury1522 Only if results are normally distributed. If 3 people make $1 and 1 person makes $10, only 25% of them beat the average.
And stock market returns are rarely normally distributed. In 2023 72% of S&P 500 companies underperformed the index. The Magnificent 7 tech stocks represented nearly 70% of the entire S&P 500's gains.
🎉💥💫Scott hits the bullseye when he describes the corporate perspective as risk return and take it or leave it when you are at bat for your team.🎉😂❤
I really appreciate Ed's interview skills. Ed is a terrific role model for how to learn and earn🎉😮❤
Josh is describing signals v. noise and we are part of a global network. Americans have a very strong tendency to approach tasks with an athletic push and pull drive including where they can store their money. Investing is a contact sport and other countries are implementing more athletic practices. 😊🎉❤
I like that Josh referenced the Greenspan Briefcase! They would play the song “Mr Big Stuff” while showing him entering the building 😀
Prof G is an Arsenal fan, go gunners
Well done, thank you.
Josh sounds optimistic. We've got high prices and lagging wages - on top of continuing layoffs, thus even less incentive for upward looking wages. Interest rates are high for modern history, further disincentivizing money flow... simply supply balancing out with demand. It's designed this way guys.. the next 6-12 months could look a little crazy.
I hope you will speak on Biden criticizing JP Morgan and the Hidden Fees nonsense - Godspeed to the kids Uncle doing the RIGHT THING!
"Aliens" was a great movie. A thrilling action movie. No doubt at all. However, I disagree with Scott saying it was better than "Alien." The first "Alien" movie was a visionary film that SHOCKED audiences with its terror, its art design, its visuals, its production and of course its directing and cinematography. It was a watershed moment in cinematic history. The scene where John Hurt dies while eating spaghetti still haunts every viewer (including this viewer) to this day. It introduced audiences, for the first time, to one of the greatest "villains" in all of fiction - the alien, the most perfect and terrifying predator imaginable. "Aliens" was a thrilling roller-coaster ride. "Alien" changed cinema forever.
Great discussion
Great video guys.
Great content as always
COYG we got PROF G backing us now! Let's win it next season
I thought Cisco was bulletproof back then
What microphones do you two use? Thanks.
Great job Josh.
That line about asking about the dog, and being called one online gave me a good chuckle 😂
Great conversation with Josh!
Downtown Josh on Prof G? Let me get my cuppa of coffee.
A great show! love me some Downtown Josh Brown
This is brilliant advice from Josh. I genuinely worry about my peers who haven’t got this message; become owners of assets as fast as you can or be left behind. It’s an emergency.
11:38 Those openAi deals are legal settlements pretending to be partnerships
Josh brown never fails to
Hold up. Y2K problems were only averted because companies spent many many millions of dollars updating their system and code base to account for the timestamp problem.
Few people remember that Alan Greenspan triggered the Dot Com bust by hiking interest rates beyond what was called for. This is hindsight of course, but Greenspan should have known better.
Succinct description of Teslas response there Ed 😂
Not sure why the market professionals have no love for forward guidance. Markets are much calmer when we know what’s coming and how the Fed intends to move.
Fundrise should reconsider supporting this episode 😂
I love Scott's comment on the BIden Administration taking credit for a goldilocks economy. However, it may not be well received by middle america who see their costs of living increase and wages stagnant. Could be a legit play to not acknowledge that growth of the economy and avoid blowback from voters.
Great Guest, but AMC took 4-5 months to unfold in 2021
AI - seriously it's the SAME THING every time, and EVERY TIME they say it's different.
17:54 ... Palo Alto. Something about billings rather than guidance, but they took one on the chin kinda like that.
It doesn’t matter rooting for the economy or not. It won’t listen!
"Sooo, what movies did you see, Scott." 😂
So nifty language apps and chat bots in't a bubble?
EWZ (MSCI Brazil ETF) is down 11.5% YTD
was Josh reading the responses?
The exogenous market-rocking shock could be a CCP invasion of Taiwan, which would wipe out advanced chip manufacturing, along with Nvidia.
edit: I didn't realize when I wrote this comment that China conducted a full-scale invasion exercise, without warning, on Taiwan this morning. Hopefully they limit their efforts in the near and midterm to saber-rattling. Losing advanced chips would seriously damage the US economy.
Terminator 2 is better than Terminator 1. Just saying.
DTJB rocks on 🔥
Scott would make a good guitar player cause his fingers are so long and skinny.
How many of the podcasts(1.7 million) are profitable - but also...how many of the 1.7 million podcasts are in the United States....slight market saturation....
So let’s see, less and less firms are going or staying public …but everyone’s got to be an owner …seems to be a bit of a disconnect on that one
It’s shocking that people who spend this much time monitoring markets and the economy make no reference to the ongoing debt spiral and wartime level spending despite full employment. Really it makes no sense to soften monetary policy as trillions in federal debt rolls over at higher rates? At least give the complete picture
Quite the roundabout way of calling dogs unattractive 😂... only kidding. Great show! Thank you!
How was the DJ show?
Boo ads for YT premium. Boooooo
How do you expect them to make money with no ads?
drop the ads or reduce to one sponsor segment per show
My wingman used to tell me NOT to be myself on a first date. Also Huberman says get dopamine from doing the hard work, not the result.
yes 20:30
LOL! Ed, just so you know-- you're role here is to ask more about *Scott!*
Why can’t we look at the horrible job tech has done with social media and demand better from AI guard rails.
51:40 just for the record… Scott's advice is to buy Cisco.😂
Only $11,600 per year?? Try Australia at AUD35,000!!!
You understand the currencies aren’t 1-1 right? Lol
Are LLMs protected by the first amendment? Why is no one directly asking that question? Also, Prof, try a blended Miami Vice… delicious drink!
Why wasn't I listening to this 20 years ago?
Josh Brown, not too bright on sentiment is he, or not looking at the right sentiment.
What a great combo 👏👏👏
I’m Gen X. $11,600 a year is more than my entire condo mortgage and property taxes in Albuquerque NM. I just don’t know how people afford children anymore.
I remember y2k like it was yesterday because it was my HS graduation year. I remember the panic and fear around the markets and it probably steered me away from finance because of it. And then there was (911).
Grandmothers can't watch this video due to the potty mouths.
A megalomaniac who isn't a good person, Elon can't silence you Scott. ED, great to see that your Uncle has integrity, remember this for future Ed.
12:50 Scott needs to go spend a week or two in a rural town in Wyoming, Nebraska, West Virginia......or heck, any town outside of London,NYC or L.A.; not in New York, not in Cali......these people are not feeling the "tremendous" economy he describes early on in this episode. That is probabaly why the current presidential administration is not messaging to the public in the way he (Scott) prefers.
Scott lost fifteen million in the market last year, by his own self admission , and still flies his kids around the world, bought a house in Aspen , and throws his employees the credit card to visit Mexico.
Scott has lifted off our peasant reality orbit for some time.
I would suggest taking his pov into your perspective and do the same.
I'd like to challenge Josh... having been in the 00's crash (and got laid off).
I propose that: If there's sufficient employment and/or state tax revenue tied to the AI boom (think prompt engineers...) then an nvidia triggered stock/valuation crash can have drastic effects on real economy.
Some supporting evidence: see CA's budget surplus melt away in '22 and NYC's in '23.... true, that partly was triggered by real economy, but also due to slumping tax revenue on the incomes from high tech(CA) or finance(NYC) employees
Prove me wrong!
to be clear - I love Josh's perspective and appreciate it whenever and wherever I can get it (e.g. cnbc)
No youre missing a bigger point. AI is an efficiency innovation - what happens to all the folks who jobs now get replaced by AI? Lol.
Disruption creates jobs. Efficiency destroys them! There has to be a disruptive innovation to counter the efficiency or all hell will break loose.
"Y2K was a prank"? No, Josh. Companies spent billions of dollars to ensure that their engineers spent millions of hours ensuring that Y2K didn't happen. It was a widespread problem, but it was a preventable problem. So people prevented it (largely) from happening. Your statement has the same energy as someone saying "the Ozone hole was a prank". It wasn't. The entire international community got together and signed a memorandum to phase out HFCs and CFCs. It is a testament to the effort of those involved in fixing it that it didn't affect you. But to call it a prank is ignorant.
Why this market is perhaps an incestual perpetual motion machine is precisely why I follow this 🤣Josh out-Scott-ed Scott on this one.
The Federal Reserve will cut rates 25 basis point in December 2024.
42:06 ... a lot of hubris and ridiculously, irresponsible VC spending in San Francisco/Silicon Valley.
#freecharles!!!!
Vc scheme game was BSD
Brazil is not in a rally. Much the other way around... goint to a quite deep hole...
Greenspan said the size of his briefcase just depended on whether or not he brought lunch from him that day.
Luke Longley of podcasting
Professor, Brazil is the only market down YTD......
Also, smart money is underweight bonds. It will be a bad investment for the next decade.
Also Josh is wrong about that Y2K. Everybody needed servers because of the internet boom. Today everybody needs chips because of the AI boom. Its exactly the same capex bubble ffs.
@@Poochie1 yep
josh is fucking awesome
Scott urges "Dont follow your passions, Follow your talent instead" My question, what is Scott's advice to people who dont have a talent?
UBI
@@imkindofabigdeal4308 Scott has talked about UBI and he calls said it has a branding problem. Tho he is pro the idea he thinks calling it a U.B. I. is a bad idea. he preferred calling it a negative income tax.
@@SweetGreenDream Sure. But I was trying to be humorous.