350- How Investing Works
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 4 January 2022
⏱️ 37 minutes
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| 0:00.0 | Hey, everybody. This is Phil Town and this is Daniel Town. Welcome to the new year. Welcome to our |
| 0:12.3 | 350th podcast episode. Here we are at invested. So we are. What are we doing? Seven years into this now? |
| 0:24.0 | We just keep making it up as we go along and somehow it's working out and keeping me |
| 0:31.6 | interested. This is a big big onion. I'll tell you that we've been peeling that |
| 0:36.1 | Charlie. We need to talk to Charlie before he departs this world and ask him how he |
| 0:42.3 | could have possibly said what will those professors do the rest of the year |
| 0:47.4 | after we explain investing in one brief moment into it which by the way takes me to something |
| 0:55.6 | I think is worth discussing if you guys are following all this. For looking toward the new year |
| 1:02.9 | one of the things that kind of helps us look backwards a bit and have to say you know the S&P 500 |
| 1:09.3 | in not everybody's in the US but the US stock market did some enormous number last year |
| 1:15.9 | you know wherever it started in January and it just did a enormous like 27 or 28 percent it was |
| 1:21.9 | just huge and the Dow did something like 18 percent also huge and I think ballpark I'm at like |
| 1:33.3 | I don't know 12 or something which I think is worth discussing actually. Cool. Yeah. I love |
| 1:41.0 | discussing good about that. Yeah. Right. Okay so so what you're saying is the market depending |
| 1:48.1 | on which index you look at did let's say between 18 25 percent and you're saying your portfolio |
| 1:56.8 | did like half that roughly. Yeah one one did a bit better than that right one did |
| 2:05.7 | and that's not the final one. What does one did mean? You mean one company? I got a couple of |
| 2:10.0 | portfolios. Okay. You know one of them did a little better. It was a little more fully invested. |
| 2:15.3 | So the first thing from this is that we've been playing defense here for a long time. I mean |
| 2:21.3 | we're getting very defensive for years now. Since starting this podcast 350 episodes ago. Yeah |
| 2:28.4 | that's really true. I distinctly remember you scare mongering me about I mean you meant it |
| 2:34.6 | it was like you're trying to scare mongering me but it was like watch out because the market's |
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