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InvestED: The Rule #1 Investing Podcast

263- Investing and Amazon

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 28 April 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

The impact COVID-19 has had on service companies around the world is enormous. With consumerism being approximately 70% of the US GDP, nothing is being sold at the level it was except groceries and Amazon products. If you don’t know what to do right now, you might want to seriously consider going into cash and learning to become an investor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody this is this is Bill town and this is Danielle town

0:08.0

welcome to the invested podcast here in Coronaville. We are we are quarantining away out here in Zurich. Daniels in Zurich I'm in Georgia and we're doing good. We're quarantining from each other. We have. We've shifted our

0:27.3

workshops have gone online and everything's going well. Everything's doing good

0:32.3

and we're still teaching how to manage

0:34.8

your portfolio if you're going to be an investor. And by we you mean you I'm not

0:39.3

teaching how to manage a portfolio. Okay true. But I am writing about my investing practice on my

0:45.9

newsletter and actually this month I'm putting it out free for everybody because of

0:50.4

all the craziness so if you want it you can go to Danielletown.com.

0:55.6

And it's super important to be studying the best investors in the world right now.

1:01.1

I mean you're looking at, honestly, I really truly believe this, you guys, and you can call me

1:07.7

on it two years from now if I'm wrong, but I believe the next 24 months will be the

1:11.4

investing opportunity of your lifetime.

1:14.0

You will not see a better one. Now we're going to talk about Amazon, I promise. But

1:21.2

Yes. Tell me why you think the next 24 months are going to be the best opportunity because a lot of people think the opportunity has come and gone.

1:29.0

Well, they may be right. I don't have a crystal ball, but I'll tell you what I'm seeing is that we have

1:36.0

unemployment pushing to almost 20% in America. We have enormous change in GDP downward and the impact on service companies around the country is enormous

1:48.7

and you know that this economy our GDP is 70% consumerism we don't have you know a huge industrial

1:56.2

base anymore and nobody's buying cars nobody's well I shouldn't say that maybe

2:01.9

people are buying cars but not nearly at the level of,

2:04.6

nothing's being sold at the level of anything else except groceries and stuff you buy on Amazon.

2:09.7

Which is why we're going to talk about Amazon.

2:14.0

Yes.

...

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