Thank you all for watching Marc's phenomenal Wealthion interview! Subscribe to our channel by following this link: www.youtube.com/@Wealthion?sub_confirmation=1 Also, watch our top content here: ruclips.net/p/PL7vUOWh5dtHN0HL-ckjHLeXfW8vZgo0H8&feature=shared Enjoy!
I've learnt two things from billionaires: to diversify your investments and to constantly put your money to work. This year, I hope to make money investing roughly $88k of my savings in equities.
That is accurate. In my opinion, diversifying one's investments is the best course of action because it can lessen the effects of a market collapse. Examples of diverse asset classes are bonds, real estate, and foreign equities.
That makes sense. I've been investing in stocks for two years, and I currently have a six-figure diversified portfolio thanks to my use of a financial market specialist. However, I want to broaden my horizons this year.
This year, I'm determined to see a financial counsellor, especially since the markets are all at record highs. I don't want to have unrealistic expectations and lose everything.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If you’re not ready for it, you shouldn’t be in the market business. or get you a skilled practitioner.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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.
Great video! I really have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience.
I agreed, investing without proper guidance can lead to mistakes and losses. last year. I did so many mistakes but also learned so much from it, If you're new to investing or don't have much time, it's best to get advice from an expert.
As a beginner, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Daniel Adams Bailey. for years and highly recommend him I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
It’s great to see that the host did not interrupt Marc; even when Marc paused to think, James did not interrupt him. This was very good to see. Obviously (facial language), James did not agree with everything that Marc said; still, he did not interrupt Marc. Very nicely done. Marc is a very wise and experienced man. I like him… a lot. I did not like to see Adam Taggart leave this channel but this interview was very nicely done. Well done, James!
❤️I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stock market but now making around $7k to $10k every week trading different stocks and cryptos
I will advise you stop investing on your own and seek for guidance from a professional, I don't invest on my own anymore, I always required help and assistance
...yr portfolio would be quite cool if you listened to him from 2009 to present day, missing one of the biggest bull runs in history. Yes, you would have 5x'd in gold, that's a great return but would have done a lot better on the stock market with compounded dividends and a few index funds. Having said that, things seem a bit frothy now, plenty of covid cash still swashing around, for how much longer....
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
My CFA ’Amy Desiree Irish’ , 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.
Mister Mark Faber - fabulous! I can sense his Swiss roots and he seems to me like a Platon and Sokrates together for the modern financial world. Great interview, thanks! 👍
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
“Lucinda Margaret Crist” 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
Your channel is not very good but Marc is the best guest you have had that Ive seen, Marc is one of the top 10 Best public and honest opinions available for public viewing
It can be risky if the market doesn't recover as expected. I'm holding a cash position right now, i'm ready to take advantage of the S&P in 2025 and invest around 300k if a bubble happens. What's the best sectors to dive into?
I started at age 42 with about $18,800 which is now worth about $1.2M at age 50. Would be happy to share how, and it was definitely not index funds (pablum advice for the masses), but by partnering with a financial advisor. I've been with mine for the past 8 years and have seen why esteemed investors highly seek their expertise.
I love that Marc Faber points out and considered the conditions for the poor. Most of these rich economists are sitting in their ivory tower and have lost contact to what's reality for most people.
Faber’s final comment sums it all up. “Be prepared for falling asset markets”. Toughest thing for me to do, nothing. The folks on the sidelines, waiting for the sell-off, have balls! As they say, patience pays. Always a pleasure watching.
I'm a semi retired businessman. I'm an extremely conservative investor but I'll take a big bet when I see opportunities. At the moment I've liquidated my assets and I'm waiting with cash. I honestly believe that assets cannot stay inflated at these crazy high prices. It doesn't make sense that everyone can be instantly wealthier just through sheer inflation when most people are also struggling with high living costs.
@@Bobafe77a Everyone will be "wealthier" only that money won't buy as much as before. I think you're a year to early and may miss out out on some nice gains.
@@Bobafe77adepending what your assets are, being wrong during inflation is like being sandpapered to death in a salt bath. Everything goes down in a crash so it’s relative. The fed is buying the market massively, this is hugely stagflationary. The things you want will get cheaper, but the things you need will inflate, and nobody will have any money to buy anything anyway.
Who is this old guy? He's awesome!🤯 "It's all goin' to hell, but howa 'bout this Google translator on the Mo-Bile phone? Now the Asian girls can talk to me!" BASED
Be careful listening to doomsayers in this environment. The ingredients are all there for a massive market correction and I believe it ‘should’ happen. The problem is this is not a free market and they (the central planners and corporate oligarchs) simply won’t let the correction occur. The quicker people realise this, the better…
48:03 I have been saying this for a few years now. There is not one thing you think you own that governments won't try to confiscate if it helps them stay in power.
I agree that the real economy is in far worse shape than the statistics are showing - but I just don't see any evidence that matters for the price of stocks. Quality of life has been declining continuously since (at least) 2007 all across the west, and the markets just go up, and up, and up.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Good points but this is what happens in a bubble until one day it just pops!
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
why he didn't light up a cigarette this time which is customary for Mr. Faber during interviews ? he's one of the rare good and decent macro analyst like Michael Pento, Jeremy Grantham, David Rosenberg .. thank you for having him on the show, absolute pleasure to see him again
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..
That was great :). Until he mentioned being married I kept thinking of another interview with an astrological financial analyst/consultant who basically had the same wise advice. WhatI loved about them both was thei jolly, joyous, an humours type of energy. A bit of a reminder not to take ot all so serious...though it certainly feels that way here on home free side of things. Love his comments on both sides of the policies we are stuck choosing from. I do think if Trump actually adds Kennedy and Tulsi ... hopefully Ramaswami to his administration, things may improve more quickly than if we simply continue with the same "printer go burrr" reality.
13 years ago when i started investing this guy has been babbling about the same end of the world. He's wrong. On every level. Every day about everything. Invest long term and you will be fine.
Crash fatigue is showing with most people. Most are so tired of hearing about the worse even though its true. We are being boiled slowly in the pot! I want to diversify my $80k portfolio.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date
‘’Aileen Gertrude Tippy’’ 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.
As far as I understand it, post GFC the central banks provided liquidity to the economy in Q!, Q2 and Q3, but the liquidly flows to the financial Economy of asset classes instead of the real economy of goods and services to give inflation, due to the low value of velocity in the inflation equation. Aging populations maybe, but I think that since the assets prices were high as the cost to borrow was low Post GFC, the excess value in assets with be deflated away nominally.
Confidence is humble, whereas arrogance is self-aggrandising. Confident people don't need to boast about themselves, while arrogant people flaunt their perceived superiority, often to try to suppress or not draw attention to their weaknesses.
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..
Most people hide their wealth, most people in society and the government want to steal your wealth, or justify them needing a piece, I always question the people that are "flashy," who are they trying to fool?
He says a lot of negative things but I think that he cares about people in general and that is why he does say what he says Maybe we should do our best to stay positive, knowing the negative things that we face
An interesting aspect of Trump's Economic Policy is the Tariffs on foreign goods (mainly because of the tariffs already placed on American stuff - Europe, China etc) COMBINED with lowering Corporate Taxes. Critics have stated: "Those tariffs costs will be passed on to the American consumer" - and they'd be right! except, perhaps the cost WON'T be passed on, because Corporate taxes will be lowered, erasing that additional "cost". This would encourage American companies to compete against foreign companies, perhaps at a profit, or even return capital to America to avoid 1) Tariffs and 2) lower Corporate taxes and 3) maybe build here. Hmmmm. Trump is pretty cagey. I suspect he wants Tariffs to be removed from US products by the Euros and the Chinese primarily. And if they won't play? Screw 'em hard till they do.
Maybe he wants to remember that Mao killed 50 to 90 million Chinese people while he was "cleaning the swamp." Maybe he knows it could happen again, either literally or figuratively... when the tide goes out, when swamps are drained... a lot of stuff goes with it....
Don’t forget that when your home artificially doubles in value, your taxes, which are real money, double right along with it, yet your salary is not increasing in tandem.
I remember this guy’s name from occasional articles written for Marketwatch. I always liked his articles because they seemed to be looking out for the little guy, and seemed to be accurate for the times. The second I saw his name I hit “play”.
Havn't heard the saying "kicking the can down the road" ? We were supposed to be in a recession around 2019, except they threw many,many trillions at the system creating insatiable demand and messing up supply chains throughout global trade, which pushed prices up even more! Which ofcourse mainstream takes for inflation and a healthy economy...
The US is not Switzerland for sure. Immigration is being used to maintain a large pool of underclass from which cheap services can be provided to maintain relatively high standard of living, and educated people will be brought in to bolster higher end services. This brings with it many problems such as crime and displacement of the domestic population but smart people can adapt, if they choose to remove their heads from the sand. Smart communities will disobey HUD restrictions and not allow low-income housing or apartments to be built in order to keep crime low. Police will use drones to target criminals. It will not be fun to be poor. Don’t be poor!
@jwdory they are trying to hold it off till after the elections, but it's getting very hard to shuffle the remaining funds around and they don't want a ppl panicking into bank runs there just aren't funds to cover everyone at once
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..
Thank you all for watching Marc's phenomenal Wealthion interview!
Subscribe to our channel by following this link: www.youtube.com/@Wealthion?sub_confirmation=1
Also, watch our top content here: ruclips.net/p/PL7vUOWh5dtHN0HL-ckjHLeXfW8vZgo0H8&feature=shared
Enjoy!
😊llpppp😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
I've learnt two things from billionaires: to diversify your investments and to constantly put your money to work. This year, I hope to make money investing roughly $88k of my savings in equities.
That is accurate. In my opinion, diversifying one's investments is the best course of action because it can lessen the effects of a market collapse. Examples of diverse asset classes are bonds, real estate, and foreign equities.
That makes sense. I've been investing in stocks for two years, and I currently have a six-figure diversified portfolio thanks to my use of a financial market specialist. However, I want to broaden my horizons this year.
This year, I'm determined to see a financial counsellor, especially since the markets are all at record highs. I don't want to have unrealistic expectations and lose everything.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If you’re not ready for it, you shouldn’t be in the market business. or get you a skilled practitioner.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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.
Great video! I really have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience.
I agreed, investing without proper guidance can lead to mistakes and losses. last year. I did so many mistakes but also learned so much from it, If you're new to investing or don't have much time, it's best to get advice from an expert.
Nice. those who work with expert typically earn more than those who go it alone.
Wow! who is this expert guiding you? As a beginner what do I need to do? How can I start, If you know any please share.
As a beginner, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Daniel Adams Bailey. for years and highly recommend him I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
It’s great to see that the host did not interrupt Marc; even when Marc paused to think, James did not interrupt him. This was very good to see. Obviously (facial language), James did not agree with everything that Marc said; still, he did not interrupt Marc.
Very nicely done.
Marc is a very wise and experienced man. I like him… a lot.
I did not like to see Adam Taggart leave this channel but this interview was very nicely done.
Well done, James!
❤️I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stock market but now making around $7k to $10k every week trading different stocks and cryptos
How? I know it's possible, I would appreciate if you show me how to go about it
I will advise you stop investing on your own and seek for guidance from a professional, I don't invest on my own anymore, I always required help and assistance
from my personal Financial advisor
YES! that's exactly her name (Julia Rosa) I watched her interview on CNN News and so many people recommended highly about her and her trading skills.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week
i love Marc for his candidness and how he could explain complicated issues in a way that even my grandfather can understand 👍👍👍💋💋💋
Marc Faber is a cool man
...yr portfolio would be quite cool if you listened to him from 2009 to present day, missing one of the biggest bull runs in history. Yes, you would have 5x'd in gold, that's a great return but would have done a lot better on the stock market with compounded dividends and a few index funds. Having said that, things seem a bit frothy now, plenty of covid cash still swashing around, for how much longer....
First time I've listened to Marc Faber from beginning to end. This is his best.
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’Amy Desiree Irish’ , 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.
Marc is always a great interview.
Mister Mark Faber - fabulous! I can sense his Swiss roots and he seems to me like a Platon and Sokrates together for the modern financial world. Great interview, thanks! 👍
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Lucinda Margaret Crist” 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
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.
Faber was great on Barrons roundtable for so long. An old White Weld voice is so welcome to hear!
He says the things people afraid to say 👍👍👍
Marc Faber , as always . What an education .
Your channel is not very good but Marc is the best guest you have had that Ive seen, Marc is one of the top 10 Best public and honest opinions available for public viewing
Marc best man ever! Very good Interview from John!
Excellent interview. Thankyou and thankyou Marc Faber.
Best interview I’ve seen Marc do recently
I love the way he often refers to bar girls when he wants to make some economic point. A life spent in bars has obviously been of benefit to Marc.
YA YA... Bars and girls...
Always informative and entertaining. Marc Faber is a treasure. My very best to you sir.
It can be risky if the market doesn't recover as expected. I'm holding a cash position right now, i'm ready to take advantage of the S&P in 2025 and invest around 300k if a bubble happens. What's the best sectors to dive into?
I lost out on a 20% rally on the stock market this year listening to this guy.
I have been in cash for about a year and a half. The problem is if you get back in, that is when it will crash.
I started at age 42 with about $18,800 which is now worth about $1.2M at age 50. Would be happy to share how, and it was definitely not index funds (pablum advice for the masses), but by partnering with a financial advisor. I've been with mine for the past 8 years and have seen why esteemed investors highly seek their expertise.
@@carolynrose1816 I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Flashback 1984 I bought Bank CD's, that paid 13% interest for 10 years. I never borrow money for anything.
Proud to have you here Mark! Thks
Love hearing Marc speak! Thank you for the insights
Marc is the 🐐
yeah shit !!!
I love that Marc Faber points out and considered the conditions for the poor.
Most of these rich economists are sitting in their ivory tower and have lost contact to what's reality for most people.
This guy is speaking the truth
Dr. Doom is always worth listening to.
Dr. Doom is always wrong
@@barryUFF fixed.
@@rally_chronicles Not true.
Faber’s final comment sums it all up. “Be prepared for falling asset markets”.
Toughest thing for me to do, nothing. The folks on the sidelines, waiting for the sell-off, have balls! As they say, patience pays. Always a pleasure watching.
I'm a semi retired businessman. I'm an extremely conservative investor but I'll take a big bet when I see opportunities. At the moment I've liquidated my assets and I'm waiting with cash. I honestly believe that assets cannot stay inflated at these crazy high prices. It doesn't make sense that everyone can be instantly wealthier just through sheer inflation when most people are also struggling with high living costs.
@@Bobafe77a Everyone will be "wealthier" only that money won't buy as much as before. I think you're a year to early and may miss out out on some nice gains.
The time to buy is when blood is coming from every orifice. And not a moment before.
@@Bobafe77adepending what your assets are, being wrong during inflation is like being sandpapered to death in a salt bath. Everything goes down in a crash so it’s relative. The fed is buying the market massively, this is hugely stagflationary. The things you want will get cheaper, but the things you need will inflate, and nobody will have any money to buy anything anyway.
@@mattfinch8024 Except the people like you. Patiently waiting on the sidelines. 🤜🏻🤛🏼
These are the times when you can actually say, Something Has Broken!
something has BEEN broken.. Something didn´t break anything...
Excellent interview.
Love Marc Faber. love love love 😍😍😍
Who is this old guy? He's awesome!🤯 "It's all goin' to hell, but howa 'bout this Google translator on the Mo-Bile phone? Now the Asian girls can talk to me!" BASED
YA YA... Girls, hell, Mobile
Excellent! Thank you!
The only guy in finance being honest and having cojones..My hero❤
Folliwed him for decades. For Marc Faber, the world is always going to end. Im more interested in what he's buying - but he usually never tells us.
Be careful listening to doomsayers in this environment. The ingredients are all there for a massive market correction and I believe it ‘should’ happen. The problem is this is not a free market and they (the central planners and corporate oligarchs) simply won’t let the correction occur. The quicker people realise this, the better…
Greater editor of "Doom, Doom, Doom" newsletter. Put your money under matress😁
Buy long term treasury bonds , TLT to $200
Prudence Present With Mr. Faber.
Great interview!
Thanks Guys!!
thank you Mark you make lots of sense, i highly value my "Do it myself "skills, cant be beat !
48:03 I have been saying this for a few years now.
There is not one thing you think you own that governments won't try to confiscate if it helps them stay in power.
And that includes property.
People think they own real property? It’s laughable!
Everybody rents… everybody!
I agree that the real economy is in far worse shape than the statistics are showing - but I just don't see any evidence that matters for the price of stocks. Quality of life has been declining continuously since (at least) 2007 all across the west, and the markets just go up, and up, and up.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Good points but this is what happens in a bubble until one day it just pops!
@@BloorStreetCapital I kinda hope your right, even though it will hurt many people. The system is *desperately* in need of a proper clean out.
The economy is strong for those who order Amazon from their bunkers on private islands.
Epstein？Peterthiel？
All I can say is...... I ❤ the Doc 😊
Definition of 'typical person' is very difficult as top 5% own over 50% of national fortune in US.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
My fiduciary is Jessica Lee Horst. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks a lot forThanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon
why he didn't light up a cigarette this time which is customary for Mr. Faber during interviews ?
he's one of the rare good and decent macro analyst like Michael Pento, Jeremy Grantham, David Rosenberg .. thank you for having him on the show, absolute pleasure to see him again
I always enjoy listening to Marc! He's been saying the same thing for 50 years but I still enjoy him
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..
The federal reserve opened in 1913 as a private bank and remains private today.
👏🏾👏🏾👏🏾good interview
Marc Faber's prediction of a 50% market deflation is scary but real. Time to rethink our investments! 📈💥
Cell phones and ipads have destroyed the attention spans of kids today. No wonder they can't concentrate and forget everything. Disturbing..
It is a real pandemic.
Do something about it …stop winning….
I would totally have a beer with Marc Faber.
YA YA.. Girls bars
Excellent perspective, analysis, and real-world overview. Thank you.
That was great :).
Until he mentioned being married I kept thinking of another interview with an astrological financial analyst/consultant who basically had the same wise advice. WhatI loved about them both was thei jolly, joyous, an humours type of energy. A bit of a reminder not to take ot all so serious...though it certainly feels that way here on home free side of things.
Love his comments on both sides of the policies we are stuck choosing from. I do think if Trump actually adds Kennedy and Tulsi ... hopefully Ramaswami to his administration, things may improve more quickly than if we simply continue with the same "printer go burrr" reality.
13 years ago when i started investing this guy has been babbling about the same end of the world.
He's wrong. On every level. Every day about everything.
Invest long term and you will be fine.
Housing is a major driver of inflation but it is absent from the index
Inflation is a major driver of housing prices
Come on Marc make my day and spark up a ciggy ❤
It's Jimmy Connor, thanks for the comment Stephen! I also love it when he lites up. Just don't see that anymore and it makes for a unique interview.
Great guest super interview
Crash fatigue is showing with most people. Most are so tired of hearing about the worse even though its true. We are being boiled slowly in the pot! I want to diversify my $80k portfolio.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date
That's impressive! I could really use the expertise of this advisors because my portfolio has been down bad. Who is the person guiding you please?
‘’Aileen Gertrude Tippy’’ 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.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
Unfortunately James doesn’t have the personality to flow the interview. Wealthion isn’t as good since Adam left.
Where has Adam gone to?
@@Applepie409Adam's channel on YT is. "Thoughtful Money" . He just did an interview with Faber.
Thanks!
House prices need to implode.
Meaning : get ready for 100% inflation. The FED will deflate eveybody when the money printing goes wild.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I hope you are wrong on 100% inflation.
Government printed papers will; but gold will stay the same.
I hope the FED doesn´t deflate everybody. Will everybody become small ?
As far as I understand it, post GFC the central banks provided liquidity to the economy in Q!, Q2 and Q3, but the liquidly flows to the financial Economy of asset classes instead of the real economy of goods and services to give inflation, due to the low value of velocity in the inflation equation. Aging populations maybe, but I think that since the assets prices were high as the cost to borrow was low Post GFC, the excess value in assets with be deflated away nominally.
Confidence is humble, whereas arrogance is self-aggrandising. Confident people don't need to boast about themselves, while arrogant people flaunt their perceived superiority, often to try to suppress or not draw attention to their weaknesses.
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you know, when the tide goes out. its a joy to see....
Most people hide their wealth, most people in society and the government want to steal your wealth, or justify them needing a piece, I always question the people that are "flashy," who are they trying to fool?
How great to hear from Dr Faber again, and interviewed by James Connor, to boot.
Democracy means: whomever in power to do what they want.
they try and act outside the constitution, and the goons swallow it up for a few housing pennies....
That is not Democracy and neither is the current administration.
Democracy is mean. They want power to do whatever.
BTW whomever is an object pronoun and you are using it incorrectly.
I am buying Bitcoin, YA YA...
Hilarious how Farber casually mentions Thai bar girls around min 54.
LOL
Yeah, they're not only Thai, they're Thaight!
Yes, “disruptive technologies are often disrupted”
Very interesting
Love him
MARC!!
It's Jimmy Connor, thanks for the comment Martin!
Love this guy
They must cut rates because they know they cannot print enough to pay the interest at current rates. Simple.
Mark you have been right for a long time, thanks for your time
He says a lot of negative things but I think that he cares about people in general and that is why he does say what he says
Maybe we should do our best to stay positive, knowing the negative things that we face
Whenever I see Marc Faber on a video podcast I push like then I listen vigilantly
And how much money have you made listening to him?
Quite a lot .. I been buying gold , silver and commodities since 2014
I can remember 50 years ago and except for electronic gadgets I can tell you the average person has a lower standard of living.
An interesting aspect of Trump's Economic Policy is the Tariffs on foreign goods (mainly because of the tariffs already placed on American stuff - Europe, China etc) COMBINED with lowering Corporate Taxes.
Critics have stated: "Those tariffs costs will be passed on to the American consumer" - and they'd be right! except, perhaps the cost WON'T be passed on, because Corporate taxes will be lowered, erasing that additional "cost". This would encourage American companies to compete against foreign companies, perhaps at a profit, or even return capital to America to avoid 1) Tariffs and 2) lower Corporate taxes and 3) maybe build here.
Hmmmm.
Trump is pretty cagey. I suspect he wants Tariffs to be removed from US products by the Euros and the Chinese primarily.
And if they won't play?
Screw 'em hard till they do.
Trumps economic policy is just a lot more debt just like his 1st term. How much did Trump add to debt& fed balance sheet?
Watching at 1.0 speed 💯
I have 2.0 watch
Whats the deal with the Chines Mao statue in the background? He's not exactly Gandhi.
Maybe he wants to remember that Mao killed 50 to 90 million Chinese people while he was "cleaning the swamp." Maybe he knows it could happen again, either literally or figuratively... when the tide goes out, when swamps are drained... a lot of stuff goes with it....
Don’t forget that when your home artificially doubles in value, your taxes, which are real money, double right along with it, yet your salary is not increasing in tandem.
Ya, my money are real... It double all year. My taxes tandem.
I remember this guy’s name from occasional articles written for Marketwatch. I always liked his articles because they seemed to be looking out for the little guy, and seemed to be accurate for the times. The second I saw his name I hit “play”.
A guy talking about capitalism with a bust of Mao in the background? LOL
I noticed that to ! But he has some good points … but also he doesn’t know …
He has more than just that bust. He has an entire collection of Mao collectibles
Marc, can I borrow your laugh? I think it might take me places 😂😅😂
juicy kodak information 😇😇😇
39:09 I love ❤ Marc Faber. 😂
~13:00 I hope it does deflate by 50% or more. They'll still keep paying their dividends at the same rate and I can just go on a buying spree.
Marc is great wish u would let him speak without interrupting him great guy
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
This guy has been saying market will crash since more than 10 years ago
Havn't heard the saying "kicking the can down the road" ? We were supposed to be in a recession around 2019, except they threw many,many trillions at the system creating insatiable demand and messing up supply chains throughout global trade, which pushed prices up even more! Which ofcourse mainstream takes for inflation and a healthy economy...
The US is not Switzerland for sure. Immigration is being used to maintain a large pool of underclass from which cheap services can be provided to maintain relatively high standard of living, and educated people will be brought in to bolster higher end services. This brings with it many problems such as crime and displacement of the domestic population but smart people can adapt, if they choose to remove their heads from the sand. Smart communities will disobey HUD restrictions and not allow low-income housing or apartments to be built in order to keep crime low. Police will use drones to target criminals. It will not be fun to be poor. Don’t be poor!
Supposed to crash..
thats the plan
Yeah. The Million $ question is when???
@jwdory they are trying to hold it off till after the elections, but it's getting very hard to shuffle the remaining funds around
and they don't want a ppl panicking into bank runs
there just aren't funds to cover everyone at once
Ya. Them want this that way, they do. I want funds to cover me.
Good to see Dr Faber dressed up nice. His wife needs to keep an eye on him! Haha
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..
It's Jimmy Connor, thanks for the comment Tony and for taking the time to view our content! Yes I dont recall him ever wearing a tie before.
He's on the pull after this interview 😂 Love to have a few beers with him ❤
you mean...his 'wives'
Brilliant
'Prepare for asset markets to go down'
బుద్ధి లేదు meeku E scams అన్నీ మోడీ help లేకుండా జరగదు..bjp helps his own party leaders ,gujarat business people to do scams and helps to go to other countries..In AP చంద్రబాబు, జగన్ did scams like agri gold people deposit scams..Why మోడీ giving help not to recover money by selling their propertys ..