Bad Ideas (EP.173)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 21 October 2020

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's show we discuss why baby boomers are selling out of stocks, the 4% rule, the newest star fund manager, why FICO scores are rising this year, companies piling on debt, how social media is making people miserable, some optimism on the pandemic front and much 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 Animal Spirits is brought to you by interactive brokers.
0:03.0	Savvy investors use interactive brokers portfolio analyst to create a consolidated view of their finances
0:08.0	and check the health of their complete financial portfolio.
0:11.0	Sign up for free at portfolio analyst.
0:14.0	dot com.
0:15.0	Welcome to Animal Spirits, a show about markets, life and investing.
0:20.0	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
0:26.2	Michael Batnick and Ben Carlson work for Rit Holt's wealth management.
0:29.7	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of Ritt Holt's wealth management.
0:37.0	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:42.0	Clients of RittOLT's wealth management
0:43.6	may maintain positions in the securities
0:45.3	discussed in this podcast.
0:47.4	Welcome to Animal Spirits of Michael and Ben.
0:49.7	Michael Santoli had a nice piece on C and
0:52.8	the weekend and there was a chart in here it was a breakdown of
0:56.1	household equity mutual fund ownership by generation so we're talking close to
0:59.7	40 trillion dollars and they break it down by silent baby boomer Gen X and
1:03.6	millennial baby boomer is the biggest of 53% ownership of the stock market
1:07.6	gen X is 27% millennials at tiny at 3% and the silent generation still alone 17.
1:13.3	This is something we've been talking about in Santone hit on it.
1:16.1	How weird fun flows are, and I think are going to continue being,
	...

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