Understanding Elliott Wave Theory and Investment Strategies - Andy Tanner and Bob Prechter
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- Опубликовано: 15 май 2024
- In this episode of the Cashflow Academy podcast, host Andy Tanner interviews Robert Prechter, a renowned author, and expert in financial markets, where they discuss investment overvaluations, Elliott Wave Theory, and strategies for surviving in deflationary depressions.
Prechter shares his journey from a psychology graduate to a pioneer in technical analysis, emphasizing the crucial role of independent thinking in navigating the financial markets. Tanner and Prechter dissect the nuances of market behaviors, the impact of social mood on economic trends, and the potential for leveraging treasury bills and precious metals in uncertain times.
Special Offer for CashFlow Academy Viewers: bit.ly/3vVXXGs
00:00 Introduction
02:02 Robert Prechter's Journey: From Music to Market Analysis
07:13 Exploring the Elliott Wave Theory
12:17 Understanding Deflationary Forces and the Fed's Role
18:38 Investment Strategies in Overblown Markets
22:41 Socionomics: The Intersection of Social Mood and Markets
28:57 The Importance of Financial Education and Independent Thinking
33:25 Special Offers for Listeners and Closing Thoughts
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Incredible content
Thanks once again for the financial information Andy and Rich Dad Team.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
Finding financial advisors like Melissa Terri Swayne 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 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.
How does one invest in FRN's , are there any particular US Symbols to look at ?
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Elliot wave is a good technical indicator but it’s not always accurate and it usually requires the help of other indicators like the fibbonacci retracement. I for one prefer the fibbonacci as the results tend to be more accurate
Elliott Wave discussion with no graphs up trend 1,2,3,4,5…. Down trend A, B & C
Elliot Wave? Lol.
The people who don't understand the power of elliot wave, always talk down on the subjet, i bet all of them are not making money