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Animal Spirits Podcast

A Recession is Coming (EP.253)

Animal Spirits Podcast

The Compound

Investing, Business News, Business, News

4.72.1K Ratings

🗓️ 20 April 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

On today's show we discuss taking Twitter private, why tech billionaires are so unhappy, why no one is positioned for a commodities supercycle, the best pool drink, a normal housing market and more.   Find complete shownotes on our blogs...‍ Ben Carlson’s A Wealth of Common Sense‍ Michael Batnick’s The Irrelevant Investor‍ Like us on Facebook‍ And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.‍ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's annual spirits is brought to you by NASDAQ.

0:02.9

NASDAQ sent us a report called the shifting profile

0:05.6

of retail investors that they just put out.

0:07.3

Wanted to just pull out a few things in here.

0:09.1

They give a profile of all the different generations,

0:11.2

Gen Z, Gen Y, Gen X and boomers.

0:13.8

This one stood off me.

0:14.6

Gen X is kind of the demographic

0:16.8

that no one really pays attention to,

0:18.3

but it says they're financial outlook.

0:19.8

Gen X is still working and earning good incomes,

0:21.8

but we'll start thinking about retiring in the next 10 years.

0:23.8

Holy crap.

0:25.4

People from reality bites are gonna be retiring in 10 years.

0:27.6

They'll need to start drawing income from their assets.

0:30.0

Easier said than done.

0:30.8

Here's another one.

0:32.0

They asked how often do you check your investment portfolio?

0:34.4

And the two options are, check several times a day,

0:36.8

at least once a day or less frequently.

0:41.0

Gen Z, several times a day, 48%, once a day, 24%.

0:46.1

Gen X, 16% several times a day, 19% once a day,

...

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