Due to inflation, you may need upward of $3.6million to maintain your existing lifestyle, with the ongoing effect of high inflation, lower forecasted stock market returns or value, and stagnant wages. Achieving a secure early retirement could be more challenging than ever before.
• Hello I'm already in retirement and have over $720k in a CD account with a very low interest rate. I only need $200k for liquidity purposes (emergency funds) and plan on growing the bulk. I discovered Kayla exceptional resume when I Googled her name online. I consider it a blessing.
I’d be retiring or working less in 5 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
I’ve shuffled through a few experts in the past, but settled with ‘LOREN LENA WALKER’. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the net, she's a renowned advisor.
I like that sensible retirement advice. I live way below my means and don't need to impress anyone. I buy Costco jeans and clothes, drive a 2008 Honda Fit, dine mostly at home, etc. I invest most of what I own into micro businesses, stocks, crypto, and anything else that gets my attention.
What a tremendous interview David! Never heard of Peter before but he's clearly very knowledgeable, very humble and filled with wisdom that only years of experience (both good and bad) can bring. I really appreciated his viewpoints. Thanks.
Another day, another great interview. Love the diversity of viewpoints and how Mr. Lin is able to challenge every narrative while holding his own opinion. This is journalism.
The market that Peter Grandich is describing where the computers trade for short-term gains using other people's money that is heavily leveraged is terrifying.
I can single handedly make a stock moon if I sell it for a loss. I have some super power, the good thing though is I'm pretty much broke so my losses aren't life changing. Losing 6-7 figures on a bad trade seems totally crazy.
Kudos to Peter for emphasizing the importance of cutting losses. If you lose 20% of your stake, you need to win 25% on your next bet to breakeven. But if your stop loss is 10% of your stake, the price only needs to go up by 11.1% for you to break even. This is why avoiding serious losses increases your chances for winning.
David, I enjoy listening to all, or at least most all your guests. Oh heck! I enjoy all of your guests. your content and programing are the best. Thanks, R.B.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.
Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
I noticed the Sacred Heart of Jesus medallion behind you David. Thank you for being such a nice and humble servant to us. God Bless you both Peter and David.
I like the life lessons and not just the financial ones. A quote that explains it is "Maturing is when you stop caring what other people think about you". Forget the fancy car, house, clothes that you can't afford. Skip that and invest instead. "The goal is to be rich, not look rich".
I don't think the retirement planning debacle is of interest to David's sophisticated, wired, connected, and investment oriented audience; David still is one of the best on you tube.
Holy shit, this dude actually said it: younger workers shouldn't have to pay for life extension of an 80 year old...who worked from 20 to 50 and then retired with a pension (that younger folks don't get!). How is that fair? Should young folks subsidize the older generation when the older generation has more property and wealth than those younger than themselves? 🤔
Thank you . What they was talking about today ( how to save and prep your life for ilder age )should teach in schools for kids! They future is not look good 😢
👍While I do agree with Peter's analysis for its commonsense and logic, is it also possible that central bank liquidity, by stealth, from across the world will continue to bolster stock markets -- particularly the few darling tech stocks?👍
Not often that we can listen to a 100% onest guy that is old anogh to understand where we are going. Everything is about our lifestyle. We eat to much, spend to much and live on credit. And now the younger generation will have to learn it the hard way.
Thanks David. Great guest and the most valuable financial advice for young people and not so young people alike. It’s too bad this in this advice will fall on deaf years for most. Unfortunately there will be a huge price to pay., as the culture is focused on instant gratification instead of long term financial successes
Agree with this analysis, mostly out of equities with a ton of cash on the sidelines. You can now make 4%-5% in cash or low risk CDs and short term bonds. I do not see the risk / reward with equities at this time.
What age to think about saving for retirement? Famously a 25 yo invests $100/month until 35 yo (so ten years) while his friend starts at 35 yo and goes until 65 yo (so thirty years). The first investor has more savings at retirement than the second. However, most youth at 25 think retirement is so far away there is no need to worry about that -- and then the 25 yo wakes up one morning suddenly as a sixty yo wondering where all the time went.
and while you were young and healthy. You worked your ass off , not doing the things you can’t do when you’re old. You’ve saved a ton of money for that retirement. Maybe ending in faltering health and early death. You don’t want to get to the end of your life and never smelling those roses before they are thrown on your casket. 😂
Love listening to the old guys as they hold a wealth of truth and knowledge. Peter Grandich and others like him should be asked to go into schools and teach young people about money and wealth. I have no sympathy for the majority of people in Western countries and how poor they have become. Not taking responsibility for their own financial life is not the fault of the government or of that “ rich lazy bastard on the hill”: it’s their own fault. They have blown an amazing opportunity that many in the “ThirdWorld” did not have . I don,t have a problem with these people working till their dying day.
28:50 And that's where Cardano steps in the picture. His old school logica, which I like, is going to disappear. The New Age is coming! The upcoming 20 years will be mindblowing different from now. Glad to be in this area in time...
Another great interview! Hey David, will you have a list of all of your guests' services returns to see which ones rank the best in terms of %age returns anytime soon? I would be very curious to see that list. At the end of the day, it really does depend on returns, long term (maybe 10+ years), verified. I think that would help us viewers kinda take a look at these guests you have on as potential candidates to work with and invest in. Keep up the good work! I look to you now for UNBIAS interviews of what's gonna happen to the markets. All other channels I find have some type of slant or bias that focuses on their own agenda. It's channels like this that allow us investors to navigate through the complexities of how the markets work and hopefully we will be up ahead or at least preserve our hard earned cash.
This guy is one of the good ones. He needs to address the climate crisis, but otherwise makes a lot of sense, especially addressing the fact that the boomers have lived beyond their means, squandering the nation’s capital and the natural capital of the planet that God gifted to us. We are heading for a collapse of Biblical proportions within most of our lifetimes and billions of lives, not millions, are already at risk.
Hey David, all the traders are getting back from vacations, poking those distracting kids back in school, and gearing up for a full charge focus on the market in the next two months. It will only be after October they get wrung out and tired. Until then the markets will have all kinds of flips and flops between fear and greed. But mostly fear.
These days stock markets, to a large degree, have become paper chasing paper. That's why any hint of a strong Fed Pivot back to low interest and QE sends the market skywards. The economic link between Wall Street and Main Street has become tenuous at best.
Don't assume you know more than others. That means the market already discounted everything including your thesis and if you speculate or worst gamble you assume too much risk in those trades. Value investing is better. You get value when market crashed there are values(assuming you know nothing more). Be aggressive when that happens. Good luck.
Value stocks are shares traded at price below its financial fundamentals like PE,Dividend, earnings etc derived from financial statements. Or event compare with the industry. Without analyzing the stocks in depth during a black swan event the market is literally riddled with value stocks as prices plunge. I believe Warrren Buffet is sitting on cash piles waiting with his bat.
My Silver Model reading silver in $19’s with upcoming Deflationary Impulse. Longer term , possibly into the $14’s early 2024, which would be a very good entry point to get a 50% upside in fall of 2024.
Well, computer can act in micro-seconds provided he is in touch with the exchange by some optical cable like connection, and there should be volume in the market... our own studies indicate high frequency traders can make good money when they buy order flows... it will produce 100% profitable trades, again providing there is volume in the market in those stocks or products....
Newer generations are being conditioned to think more selfishly and its not by accident. When crunch time comes they won't accept making any sacrifices. What they will accept is the easy solution which is being prepared by the people who are really in charge of the world system.
As a small business we cant find workers. Yes I wish I could pay each new employee 100K per year with monthly raises but that is not possible. We are looking at how do we survive when we close our business....
Same story for the last 12 months and the market continues to rally. What you're forgetting is "greed". If, by chance, the S&P gets anywhere near $4k, I'm 100% back in.
How about due diligence? How about you do your research into the company and understand what you're investing in? That's your direction! That's your truth. This is what Berkshire Hathaway has grounded themselves in. Charles munger recommends a very small number of stocks, maybe only one if that's the only one you are sure about. Invest in what you understand and your thesis should be correct or as correct as correct could be.
imo... our ancestors a hundred years ago strived just as hard if not harder than the younger generations do now... difference? can get cheap stuff, lots of it now and not so hundred years ago, no money.. they saved string because it was so scarce lol
Due to inflation, you may need upward of $3.6million to maintain your existing lifestyle, with the ongoing effect of high inflation, lower forecasted stock market returns or value, and stagnant wages. Achieving a secure early retirement could be more challenging than ever before.
• Hello I'm already in retirement and have over $720k in a CD account with a very low interest rate. I only need $200k for liquidity purposes (emergency funds) and plan on growing the bulk. I discovered Kayla exceptional resume when I Googled her name online. I consider it a blessing.
Great job David, Peter is a walking book of knowledge and 'elder' wisdom. Please do continue to have him on in the future!
I’d be retiring or working less in 5 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
I’ve shuffled through a few experts in the past, but settled with ‘LOREN LENA WALKER’. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the net, she's a renowned advisor.
thanks for info! curiously copied and pasted her full name on my browser, spotted her page easily, she actually looks very distinguished
David... please keep bringing Peter back!!! This was THE best interview!!! I'm sharing this one!!!!!
I like that sensible retirement advice. I live way below my means and don't need to impress anyone. I buy Costco jeans and clothes, drive a 2008 Honda Fit, dine mostly at home, etc. I invest most of what I own into micro businesses, stocks, crypto, and anything else that gets my attention.
Really really liked your guest . Rare humility .
A real one. Learned the hard way. Than you .
What a tremendous interview David! Never heard of Peter before but he's clearly very knowledgeable, very humble and filled with wisdom that only years of experience (both good and bad) can bring. I really appreciated his viewpoints. Thanks.
Excellent interview David. I always enjoy hearing Peter’s words of wisdom.
Another day, another great interview. Love the diversity of viewpoints and how Mr. Lin is able to challenge every narrative while holding his own opinion. This is journalism.
The market that Peter Grandich is describing where the computers trade for short-term gains using other people's money that is heavily leveraged is terrifying.
Wow, great life advice. Wish I could have talked to someone like this when i was young.
Great interview David, Peter Grandich is a fountain of practical thought and ideas.
Your show makes all of the legacy media talking heads look like complete clowns. Keep up the awesome work!
Exactly right.
It's not David's show that's doing it, they're just plain clowns period easy to spot
@@WarrenG-ke4zr So did the whole point being made just go over your head, or are you one of those high maintenance drama queens that likes to nitpick?
LEGACY MEDIA IS DEAD.
@@LogicalPlausibleProbable lol I'm in agreement with you, not trying to start a fight. David's show is great and legacy media can go f themselves 👍
David Lin is awesome and this is my favorite interview he's ever done! Peter is fantastic!
Excellent conversation!
This less than an hour interview was enough for me to realize that Peter is a very wise, kind, and nice person.
Outstanding guest with rare amount of knowledge, humility and integrity. Bravo Zulu!
"Better to be a live chicken than a dead duck." Gotta love that one. 😂
Thank you both 👍
I can single handedly make a stock moon if I sell it for a loss. I have some super power, the good thing though is I'm pretty much broke so my losses aren't life changing. Losing 6-7 figures on a bad trade seems totally crazy.
Thank you both, great conversation as usual
Kudos to Peter for emphasizing the importance of cutting losses. If you lose 20% of your stake, you need to win 25% on your next bet to breakeven. But if your stop loss is 10% of your stake, the price only needs to go up by 11.1% for you to break even. This is why avoiding serious losses increases your chances for winning.
my God what an amazing. insight!! .." not being wrong but staying wrong... "... this interview is gold
Thanks David and Peter
David, I enjoy listening to all, or at least most all your guests. Oh heck! I enjoy all of your guests. your content and programing are the best.
Thanks,
R.B.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Elise Marie Terry
That’s my licensed Financial advisor you can easily look her up, Thank me later!
Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
Peter is a great man! I had never heard of him until this interview but I now know.
Congratulations David you followed your dream after leaving investment banking. Keep up the good work.
This guy is an absolute genius.
I noticed the Sacred Heart of Jesus medallion behind you David. Thank you for being such a nice and humble servant to us. God Bless you both Peter and David.
Very down to earth logica
Thank you so much. What a blessing it is to listen to Peter’s wisdom !!!
I like the life lessons and not just the financial ones. A quote that explains it is "Maturing is when you stop caring what other people think about you". Forget the fancy car, house, clothes that you can't afford. Skip that and invest instead. "The goal is to be rich, not look rich".
I don't think the retirement planning debacle is of interest to David's sophisticated, wired, connected, and investment oriented audience; David still is one of the best on you tube.
I'm interested in this topic! Thanks David!
Always an excellent show when Peter is on. More please.
Love this dude ❤
Grandich! He expresses vast wisdom in a way that is understandable. He is also Genius of common sense!
Of all the guests people have on their shows to pass on their wisdom, Peter Grandich is the best.
Thank you Peter for your work, i hope you doing well.
Awesome interview. Great questions for Peter and great answers by him. I've reached out to him on his website but maybe I'll have to try Twitter
Another great interview. Best channel ever. I think you will have over 200k subscribers soon
My biggest mistakes are not cutting my losses
Love Peter Grandich!
Holy shit, this dude actually said it: younger workers shouldn't have to pay for life extension of an 80 year old...who worked from 20 to 50 and then retired with a pension (that younger folks don't get!). How is that fair? Should young folks subsidize the older generation when the older generation has more property and wealth than those younger than themselves? 🤔
Those baby boomers are giving their children a lot of money. Baby boomers will inherit a lot of money.
Great interview David. You should have him back again, very reasonable guy!
Great show Dave
Like that Sacred Heart Icon Peter! Keep that one in the background!
I like this guy, i don't agree with everything he says but i like his style. Very humble and open to change, the world could use more of him.
Great Channel David , IMO more guests that amplify Fear and Doubt to help motivate sellers to complete their good work
Thank you . What they was talking about today ( how to save and prep your life for ilder age )should teach in schools for kids! They future is not look good 😢
Excellent guest and conversation thanks David.
What about major gold miner stocks like Barrick and Newmont. Do they collapse along with the rest of the stock market?
I agree. Good reminder on spending and enlightening advices.
👍While I do agree with Peter's analysis for its commonsense and logic, is it also possible that central bank liquidity, by stealth, from across the world will continue to bolster stock markets -- particularly the few darling tech stocks?👍
Not often that we can listen to a 100% onest guy that is old anogh to understand where we are going. Everything is about our lifestyle. We eat to much, spend to much and live on credit. And now the younger generation will have to learn it the hard way.
I feel like something is about to happen. It just _feels_ like an inflection point.
It's in the air!
You’re not alone!
did you eat lots of prunes?
@@chrispaul1117 Thanks for reminding me that I should eat a couple so I meet the morning properly.
beans mostly@@chrispaul1117
👍Cameco has the advantage of vertical integration for both producing and refining, but its PE ratio is very odd. 👍
Thanks David. Great guest and the most valuable financial advice for young people and not so young people alike. It’s too bad this in this advice will fall on deaf years for most. Unfortunately there will be a huge price to pay., as the culture is focused on instant gratification instead of long term financial successes
Agree with this analysis, mostly out of equities with a ton of cash on the sidelines. You can now make 4%-5% in cash or low risk CDs and short term bonds. I do not see the risk / reward with equities at this time.
What percent are you in equities then?
What age to think about saving for retirement? Famously a 25 yo invests $100/month until 35 yo (so ten years) while his friend starts at 35 yo and goes until 65 yo (so thirty years). The first investor has more savings at retirement than the second. However, most youth at 25 think retirement is so far away there is no need to worry about that -- and then the 25 yo wakes up one morning suddenly as a sixty yo wondering where all the time went.
and while you were young and healthy. You worked your ass off , not doing the things you can’t do when you’re old. You’ve saved a ton of money for that retirement. Maybe ending in faltering health and early death. You don’t want to get to the end of your life and never smelling those roses before they are thrown on your casket. 😂
Great interview, thanks
Love listening to the old guys as they hold a wealth of truth and knowledge. Peter Grandich and others like him should be asked to go into schools and teach young people about money and wealth.
I have no sympathy for the majority of people in Western countries and how poor they have become. Not taking responsibility for their own financial life is not the fault of the government or of that “ rich lazy bastard on the hill”: it’s their own fault. They have blown an amazing opportunity that many in the “ThirdWorld” did not have . I don,t have a problem with these people working till their dying day.
Great advises
Great conversation and a wealth of good advice
good stuff, thanks
28:50 And that's where Cardano steps in the picture. His old school logica, which I like, is going to disappear. The New Age is coming! The upcoming 20 years will be mindblowing different from now. Glad to be in this area in time...
ᴡʜᴀᴛꜱᴀᴘᴘ±𝟏𝟑𝟏𝟓𝟒𝟗𝟒𝟓𝟕𝟖𝟓⊥👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻✴️✴️
Another great interview! Hey David, will you have a list of all of your guests' services returns to see which ones rank the best in terms of %age returns anytime soon? I would be very curious to see that list. At the end of the day, it really does depend on returns, long term (maybe 10+ years), verified. I think that would help us viewers kinda take a look at these guests you have on as potential candidates to work with and invest in. Keep up the good work! I look to you now for UNBIAS interviews of what's gonna happen to the markets. All other channels I find have some type of slant or bias that focuses on their own agenda. It's channels like this that allow us investors to navigate through the complexities of how the markets work and hopefully we will be up ahead or at least preserve our hard earned cash.
This guy is one of the good ones. He needs to address the climate crisis, but otherwise makes a lot of sense, especially addressing the fact that the boomers have lived beyond their means, squandering the nation’s capital and the natural capital of the planet that God gifted to us. We are heading for a collapse of Biblical proportions within most of our lifetimes and billions of lives, not millions, are already at risk.
Hey David, all the traders are getting back from vacations, poking those distracting kids back in school, and gearing up for a full charge focus on the market in the next two months. It will only be after October they get wrung out and tired. Until then the markets will have all kinds of flips and flops between fear and greed. But mostly fear.
Losing less really should make you money
These days stock markets, to a large degree, have become paper chasing paper. That's why any hint of a strong Fed Pivot back to low interest and QE sends the market skywards. The economic link between Wall Street and Main Street has become tenuous at best.
He is right. The stock market is a lot like a golf tournament. Many will enter, but most will lose.
Don't assume you know more than others. That means the market already discounted everything including your thesis and if you speculate or worst gamble you assume too much risk in those trades. Value investing is better. You get value when market crashed there are values(assuming you know nothing more). Be aggressive when that happens. Good luck.
What is value investing? How to do it?
Value stocks are shares traded at price below its financial fundamentals like PE,Dividend, earnings etc derived from financial statements. Or event compare with the industry. Without analyzing the stocks in depth during a black swan event the market is literally riddled with value stocks as prices plunge. I believe Warrren Buffet is sitting on cash piles waiting with his bat.
Luck doesn't exist
Great interview. So right to start planning for retirement at your first job.
Count to 100! Nice.
My Silver Model reading silver in $19’s with upcoming Deflationary Impulse. Longer term , possibly into the $14’s early 2024, which would be a very good entry point to get a 50% upside in fall of 2024.
Well, computer can act in micro-seconds provided he is in touch with the exchange by some optical cable like connection, and there should be volume in the market... our own studies indicate high frequency traders can make good money when they buy order flows... it will produce 100% profitable trades, again providing there is volume in the market in those stocks or products....
Great show... but please fix this microphone pop! Thank you.
I want to know if equities are not a smart place to be where is?
Newer generations are being conditioned to think more selfishly and its not by accident. When crunch time comes they won't accept making any sacrifices. What they will accept is the easy solution which is being prepared by the people who are really in charge of the world system.
Wat means bro?
Arizona metals, Peter's favorite miner, down 63% from the peak in April '22. Good buy or good bye?
As a small business we cant find workers. Yes I wish I could pay each new employee 100K per year with monthly raises but that is not possible. We are looking at how do we survive when we close our business....
Who has any thoughts on AMC, APE and HyCroft Mining?
Keep up the good stuff David true fan of your reports 🎉
Cool vid as always, also we need your presence over at Gareth’s again🙏🤣
Same story for the last 12 months and the market continues to rally. What you're forgetting is "greed". If, by chance, the S&P gets anywhere near $4k, I'm 100% back in.
Interesting
How about due diligence? How about you do your research into the company and understand what you're investing in? That's your direction! That's your truth.
This is what Berkshire Hathaway has grounded themselves in. Charles munger recommends a very small number of stocks, maybe only one if that's the only one you are sure about. Invest in what you understand and your thesis should be correct or as correct as correct could be.
Expert level guessing and speculating.
Your Mic sure doesn’t sound great
if the govt would stop spending... there would be no need for raising the retirement age.
People need instant gratification now that's the problem they want instant gratification
imo... our ancestors a hundred years ago strived just as hard if not harder than the younger generations do now... difference? can get cheap stuff, lots of it now and not so hundred years ago, no money.. they saved string because it was so scarce lol
public got in the top. everyone is rekt. only those with sfaety netas can book losses. the key is to wait and sit tight.
cool
the thing is, even if the market is wrong, it can stay wrong indefinitely.
FACT - PHYSICAL SILVER IS THE MOST UNDERVALUED COMMODITY ON EARTH - !!!
If the market goes down, it won't be for long
Japan should print money and buy gold vs spending billions on buying their own debt. Such a no brainer.
since he was on (saying the same things) 5 months ago.. the market went up 17% at a 57 degree angle
Wrong, stockmarket and economy are different entities.