The Fed is taking a risk it doesn't have to take if it cuts too slow, says Wharton's Jeremy Siegel
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- Опубликовано: 13 сен 2024
- Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk on the Street' to discuss July's PCE inflation report, impact on the Fed's inflation fight, rate path outlook, state of the economy, and more.
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, tho this could take another year.
I’ve been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
‘’Jessica Lee Horst’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get
Honestly, this concerns me and has left me uneasy. Especially the potential depression that could be the aftermath of the fed ineptitude. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
Not offering any particular advice, but I can assure you that most stocks still have growth potential. Re-distributing is not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
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
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
It is remarkable how much long term
advantage people like us have gotten by trying to be consistently not stupid,
instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
In this world, the general public adheres to the conventional wisdom that a good job is the key to becoming rich, while a select group of billionaires has access to and operates by a different set of rules or strategies that are not widely understood or accessible.
Absolutely, investing can indeed be more effective for growing wealth compared to simply saving money.
When you invest, your money has the potential to earn returns through interest, dividends, or capital gains, which can compound over time.
In this world, the prevailing belief is that investing is the key to financial success, and people are educated early on about the benefits of growing their wealth through investment rather than simply saving money.
The culture and economy of this world revolve around advanced financial literacy and investment strategies.
Here, people are encouraged to explore various investment avenues-stocks, real estate, startups, and more-to build and expand their financial worth. The focus is on proactive wealth management and maximizing returns, contrasting with a traditional focus on saving.
I feel like Jeremy is paid by institutional investors holding a lot of bad loans on their balance sheets 🤷♂️
Spot on. He is using his position to pump up trash
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
Her name is. MARY TERESE SINGH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?
The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.
@@BrittanyRenfrew First two years, I lost money until I got my sea legs. My portfolio is well-matched by a certified financial planner for every season of the market, and just recently hit 7 figures after 5 years of subsequent investments. I'm retired and never leaving the market.
@@RoyDiehl-u4y Congrats! The market to me is like a lucrative chess game, incredibly difficult to outperform, it's all about understanding how the world moves, its history, and psychology... mind disclosing info about your CFP? I'm quite curious.
@@ChanAronhalt She goes by the name ‘Victoria Carmen Santaella’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finances, but so glad I did.
@@RoyDiehl-u4y I feel thrilled about this, curiously inputted Victoria Carmen Santaella on the web, and spotted her consulting page ranked top. I've seen commentaries about advisors but not one looks this phenomenal.
these dudes are like junkies. they always need more stimulus and lower rates. if rates get to zero again that still won’t be enough
They have quantitative easing
Interest rates today are near the historic average. The extreme aberration was 15 years of absurdly low rates that fueled massive wasteful spending in both government and the private sector, increased housing costs, increased the income divide, and decimated the social security trust fund.
"THE SKY IS FALLING"
LOL
Siegel is living proof, those that can do - those that can't .... predict the end is near on a weekly basis.
What a classy and respectful interviewer to say older and wiser. Don’t always see that with younger people.
Deflation is whats needed
Yea after blowing up the federal debt. Deflation. Must be sitting on cash. Waiting to buy.
@@Fgji230 Why would I be all in cash right now?
you only get deflation in a depression
@@weho_brian OK
@@weho_brian Wrong.
rate cuts will prop up inflation limey
Nu, doar, bany😮
He's 78 and loaded with assets he doesn't care about inflation. He wants to juice the stock market at all costs.
I am in long bond etfs that would benefit from rate cuts but I'd rather have Fed err on side of fewer cuts. Inflation is the worst. Yeah we might get a recession where a few million lose their jobs, but inflation effects the wealth and spending power of everybody. Need to make sure it's down for the count
Rate cuts are inflationary. If you want inflation, then what do you do? Cut rates. Inflation "coming down" is not the same as inflation is under control. Target inflation has not even been reached yet. And cutting rates can put it back to "out of control". Then what? Raise rates again? And risk a circus show of an economy ?
Raise them to about 15% 😂 I wish
Mayday ......... Mayday ........... Save us Fed Put ...... !!!
Why are these guys so adamant about cutting rates, will cutting rates help the little guy not really, Just leave rates where they are for another year, yes it will be some damage but prices will have to come down.... I know for certain these people don't care about if I can't afford groceries but why do they want rate cuts so badly?
prices rarely decline. the Fed attempts to limit the rate at which prices rise to 2%. Declining prices are a real danger to the economy. Consumers begin to postpone purchases hoping for lower prices. Consumer spending is about 70% of GDP.
Election..
housing market and banks and lenders are lobbying I am sure to pressure for this cut so people can buy again
Atlanta Fed GDP is tracking 2.5 percent
I suggest the Fed should changed the Fed Funds rate more frequently but in smaller increments like 10 basis points.
Siegel is incredible
The Fed should raise the rates and watch the fun 😅
I wish! I have a lot of cash I keep and would love to see interest rates like we had in the 80's
Fill the Dips Friday to end August stronger. Frey EV battery, VHAI.. Vocodia..Joby Evtol Jets.. Polestar up another 11%..LEV..Lion Electric.. Rivian...Zapp Electric motorcycles, more.
Again smart individual been warning for months
A rate cut would be a big mistake, can not be repaired down the road.
With this fantastic news "sarcasm" You think the Fed would raise rates.
They are doing it. The banks have already been adjusting the CD interest down over the last week.. so thinking that is a signal it is going to happen
Jeremy is money-brilliant
Siegel is a troll for his market masters. Pathetic
Congrats to our ruler and masters the federal reserve for falling ass backwards into the first true soft landing in history
wouldn't taking back 800000 jobs raise the unemployment rate???
food prices are up just went shopping come home will less and paid more
Fossil fuel brings plants, and harvest food. Fossil fuel brings food to market.
High gasoline prices effects everything
the guy is never right.........
That is no a recession, but it is a slowdown😅
Good I don't want a recession
What possible reason exists for the Fed to lower rates? The economy isn't showing overt signs of weakness, markets are are at record levels, there are 8M job openings, inflation isn't at 2% yet, joblessness isn't rapidly rising, etc. If the Fed does decrease rates it shouldn't exceed .0125%. If rates decrease without need then spending, and therefore inflation, rises. Rate cuts would only need to occur in a weakening economy, and monthly data doesn't support that.
But it seems to he happening. All the bank CD's I have been tracking have adjusted mostly down by 25 bps .. so that indicates to me they will do it.
I rather see them raise them, but looks like it is a cut
Wilford is back? Lawl
you have a lots of strategies but which one I have to try for good profit, from India
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated
You need an expert. I'm guided by Adviser Bruce Murdock a widely known consuitant.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L.
I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier.. How can i reach him, if you don't mind me asking?
He’s a legend
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my portfolio comprising of plummeting stocks that were recommended by certain financial RUclipsrs, quite devastating!
not their fault, the stock market seems to be more of a casino for gamblers now than a place for investors. even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
Such uncertainty is the reason I don't base my conviction on rumors or a ''hearsay'' I have my day-to-day investing decisions being guided by an invt-advisor, seeing that their skillset is built around long and short term, both employing profit-oriented strategies and providing hedge against inevitable downtrends, coupled with exclusive analysis, it's near-impossible to not outperform. I've realized over $600k from $235k capital, since late 2019 just before the pandemic to date.
Awesome.. Please I would love to know or get in touch with your investment advisor. I could really use such expertise in growing my portfolio now that the entire markets is uncertain
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Jennifer Mackimm Wesley.
This Rate Cut Conversation Will Go On As Soon As Next Tuesday. Better Rate Prediction From Many People Will Be The Top Topic As The Market Is Going To Anticipate With An Another Month Into The Future Trading. How Much Consumers Will Spend This Weekend Holiday Will Affect The Outcome Of Future Trajectory On U.S. 🇺🇸 Economy In September And All The Way To November Where The New U.S. 🇺🇸 Election 2024 Will Take Place. Sincerely❤️❤️❤️, KNT.
Capital letters are for the first word in a sentence, proper nouns, or initialisms.
It feels like the rich are mad that a deflationary crash hasn't happened. Winter is coming.
These use car salesmen in better suites are throwing gas on the inflation fire! Buy oil, gold , and bitcoin
Wilf is back? Uh oh.
This guy always says the same crap
O, zy, grea, sory, vad, x👁️🙄
Siegel is right.
No he isn't
WEASEL