We are in a 'slowing' economy, says Wharton's Jeremy Siegel
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- Опубликовано: 4 июл 2024
- Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins 'Closing Bell' to discuss his market outlook following today's jobs report. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. 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.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Considering the shaky economy, I'm keen to know best, how people split their pay, how much of it goes into savings, spendings or investments. I’d be retiring/working much less in 5 years, and sometimes earn up to $160K per year, but nothing to show for it yet.
thats personal, you should connect with an advisor for proper financial/investment planning, never can tell what the future holds
I concur to financial planning. I'm quite lucky exposed to finance at an early age, started job at 19, purchased first home at 28, got laid-off work at 36 just after the rona-outbreak in 2020, going forward, immediately hired an advisor to keep my head above water, and in return, I'm only 25% short of $1m after subsequent investments to date.
That's impressive! I could really use the expertise of this advsors.
Lauren Marie Ehlers 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..
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.
*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides.*
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
SHE IS ON TELEGRAMs
@LauraGil52
That's it >>>>>>
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I think investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Melissa Jean Talingdan is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.
@@amolejoshua7452 Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
@@BarbaraLouise-i3r Please can you leave the info of your investment advisor here? I’m in dire need of one.
@@JuneTalley Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.
@@BarbaraLouise-i3r I will give this a look, thanks a bunch for sharing.
Reverend Siegel finally bought a new camera
Jeremy finally got some better Wi-Fi I can actually see him clearly!
Market is so over due for a correction-propped up by the Fed for 16 years. Grateful for finally a return on savings!
5% IS a NORMAL rate!
First time he said Slowing economy
Professor good health ❤❤❤😊😊
Deglobalizing is making a gdp rise a harder proposition but makes American employment more of an option I guess?
Still can’t buy a house for under 500K, higher for longer should remain. Let it fall!
Only way you'll buy a house is when a serious recession puts people into foreclosure. But your job may be in danger with everyone else and you'll be too nervous to buy one also.
@@jimbochoo3316Na... Once investors start dumping their properties, it's all over.
@@jimbochoo3316Or something something bank owned house something something nation wide Arson 😂
In Minecraft
Even if they cut .25 in September, that will have no material effect on a slowing economy.
Thanks for your continuous update!!! I am super excited about how my stock investment is going so far , making over 28k weekly is an amazing gain.
I would really like to know how much work you put in to get to this point.
That's huge!! Been trying to trade on my own for a while now it isn't going well .few weeks ago I lost like $7000 in a particular trade . Can you please help me out or at least advise me on what to do?
❤❤I will always suggest Sarah Alinaza,💯💯 , she is extremely good on that.
She is really good in studying market and making a strategic and am learning so much from her
I thought am the only one familiar with Ms Sarah Alinaza, She has a good reputation I guess.
Time for a shake down. The rich ars abiut to cokkect the money to count while tge poor are about to suffer until they are done.
Nope the rich are about to become poor for the first time in generations
The Professor looks good in high definition! Congratulations on new camera.
Market is so over due for a correction-propped up by the Fed for 16 years. . Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
@@bleshjjdnit
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?.
My CFA ’Melissa Marie Colby’ , a renowned figure in her line of work. 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.
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.
The economy is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
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??
I've stuck with ‘’lucia Alicia Cruz” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
I agree with him
It does feel like a slow economy right now
Inflation is not under control
2:18, this needs more context. The context is a prior "overheated" economy, where there was too much money as measured against GDP. You might reply that shrinking the money supply would be like reversing your car onto an already dead animal. But it's not like that at all in our inflationary situation; it's more like getting the economy back into equilibrium. Do you really want to gamble with high inflation? That's not rational
The market has too much energy for sept cut. If the market thinks its happening, there will be a rally. Safer would be to say in july, that they're planning for a november cut, as long as the market can keep it together til then. The WAY the cut is priced in before it happens matters more than the cut itself. Thing is, seems more and more likely that the next fed and tres sec are going to take a weak dollar approach, and current fed understands baselines.
HELP. Pretend we get (2) cuts. Ok so we're down .50%. That means the car payment on a $50k car -----is perhaps $15.00 lower for a 6 year loan. On a $320 home loan, it's $80 bucks lower. Point is - is $15 per month the difference in someone buying a new car, or not? Are there throngs of people saying "I won't own a home until it's $80.00 less per month"? Sorry but I don't see how (2) rate cuts help much.
Payment=10%=600B
{
Yield=5%=300B(Or Less)
Principle=5%=300B(20 Year)
}
Payment(20 Year)=600B*20 Year
Payment(20 Year)=12,000B
5%=300B(Interest)
100%=300B/5%
100%=6,000B(Loan)=A
Debt=36,000B Yield=5% Year=30
Debt(30 Year)=36,000B*1.05^30
Debt(30 Year)=155,600B
If Premium
Fed is not cutting anything until December.
sure it is
I love Jeremy “Stud” Siegel!
agreed
Bring on the rate cuts!
It looks like we will be getting them starting at least in Sept. I would love one in July, but I don't think that will happen. The Fed will will signal a rate cut though in July for Sept, then the Market will go bonkers. Stay long, don't sell, at least yet.
You're desperate
market is up 20% this year 3 rate cuts would make it go up another 10% that is not normal growth
@@erichvonmolder9310 you would love 0% rates too
@@chrischoir3594 , What's normal anymore really if you think about it? The US could go authoritarian. Who would have thought extreme Republicans would've supported a Russian Dictator in a war? In the "old days" that would be unheard of, it would be the opposite, but not today. The world we thought was UP, is now DOWN. No such thing as normal anymore.
Powell will wait to long ready the shorts 😄
Recession is a good thing to reset all the excesses.
Felon Trump!
A rate hike is really needed more than a cut. 0 cuts in 2024.
Any chances for a July cut?
Trump!
Is that the dude who is about to go to prison?
Sure. I survived his presidency. I’ll like to know more going forward besides “beautiful” and “best ever” I’m not hating the guy. I’m a number I need to see numbers. Plus where is his tax return and health care plan?
I don’t think so Einstein we want bankruptcy bit housing downturn than cut interest rate. I like my money earn great interest.
yea powell has to raise rates.
Raise rates!
i don't think interest rate has effect on the stock market.
Price in(?)
Nope it does not , neither is reality . Stock market is educated persons casino .
@@straightdrive6192 nothing educated about it. The market is being propped by the Treasury
This guy after reading a bunch of fake numbers from the BLS ”uh..uhh… chairman Powell should…uh… just give away enough money to…uh…win…uh..uh… so Joe Biden is the greatest!” 😂
All he cares about is rate cuts prop up the stock market. Nothing else
Save America, Vote for TRUMP 🇺🇸
If you vote for Trump, the only thing you can save is Trump himself
save America from sleepy joe
Imagine how stupid you have to be to think one or the other is a better option.
💯💯
Yes vote Trump.....more spending and higher prices. Trump is not the answer.
What is he talking about? Economy is booming .
Trump
He's GOT,.. My Vote !
Why do you keep interviewing this rambling know nothing?
smeagol please stfu about rate cuts