Are You on Track For Retirement? (EP.323)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

🗓️ 30 August 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 323 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the outlook for a 60/40 portfolio, dollar cost averaging into a bear market, the evolution of retirement, the best age for making good financial decisions, the Fed cannot fix the housing market, how HGTV ruined housing prices, hedging climate change risk, and more! Today's episode is sponsored by AdvisorShares. Learn more about the AdvisorShares Dorsey Wright Short ETF (ticker: DWSH) at: https://advisorshares.com/etfs/dwsh/ Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's animal spirits is brought to you by advisor shares. Ben, do you know, historically,
0:06.4	without looking, what is the weakest month of the year for the stock market?
0:11.3	I would have guessed October just because that was in 1987 crash, but that's just like the guess.
0:17.1	That's what I would have guessed, right? That's a great guess because I told
0:20.0	me 1987, I think there's a, well, October, 2018, there's a few others that were bad.
0:25.1	It's September. Actually, I guess September, it was bad one too.
0:28.2	Yeah, I guess September, 1929, that was the peak for the Great Depression crash.
0:33.6	So we're approaching seasonally one of the weakest times in the year. August is not so great,
0:39.1	either, but September is bad. The average monthly performance for the S&P 500 in September is
0:43.9	negative 1.1%. The second weakest month is February, just down 0.13%. So this is an average,
0:54.0	so you have to take this with the grain of salt. So did everyone? Got it, nailed it.
0:58.1	But there's some seasonal weakness coming. Anyhow, with that said,
1:03.4	advisor shares have been working with Dorsey Wyatt, the legendary, I guess I know him as a tactical
1:09.6	manager, and there's a Dorsey right, short ETF. The ETF shorts stocks, individual stocks. So it's
1:16.3	not like, it's not like tail risk where if the market's down, this is going to be like,
1:20.3	up magnified. I guess it's a hedge for like a better word, right? It's short individual names.
1:25.2	Yeah, DWSH is the ticker, and it's not exactly a one for one, but in 2022, this thing was up almost
1:32.0	18%, the market was down 18%, this year it's down double digits as the market's up double digits.
1:36.9	So yeah, it's a hedge. If you want like a one for one, the opposite direction, this is what you would
1:41.5	invest in. As always, do your own research. Please hit the link in the show notes to learn more
1:45.8	about this product, the ticker's DWSH link in show notes. You can use this for your paper short
1:52.3	that you're using for the for technical bearish call. I take that off. You took your
	...

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