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Be Wealthy & Smart

Bubbles and Cycles Like the Year 2000 Again?

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 14 September 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

Learn why there are multiple bubbles and cycles that resemble the year 2000 in some ways and in other ways are very different.

The Nasdaq has already pulled back 10%, is it over, or does it have more to decline?

Are you investing well for financial freedom...or not?

As we live our lives, we have seen enormous money be made in real estate, technology stocks, etc. and have seen wild swings in markets before. They can feel scary at the time, but in hindsight are often tremendous opportunities for future financial success.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be wealthy and smart, episode 774. If y'all know what I mean put your hands up and declare with me.

0:14.0

Yeah, I'm full of time.

0:18.0

I'm gonna live the good life.

0:21.0

A beautiful and glorious life. Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on

0:31.5

be wealthy and Smart.

0:34.0

And now here's your host, Linda P. Jones.

0:38.0

Welcome to Be Wealthy and Smart.

0:40.0

I'm Linda P. Jones, America's Wealth Mentor.

0:42.0

Empowering women and Men Worldwide to Financial Freedom.

0:45.5

On today's show, we're going to talk about, is this the year 2000 all over again? Because recently I was out to dinner with some friends

0:55.7

and acquaintances, and the husband of the friend

1:01.1

said to me, what do you think about the stock market next year he was

1:05.7

estimating that the market could be up 7% or 8% and his mind was swirling with all kinds of great returns the market could have next year.

1:17.0

And I really didn't want to throw any cold water on that, but I did also want to tell him my true opinion and so I said well I think this reminds me a lot of the year 2000.

1:30.0

It's 20 years after the big internet tech bubble of 2000 and it feels a lot like it again.

1:39.0

It feels like a massive bubble only this time it's not just in internet stocks and

1:45.8

tech stocks it's not in new IPOs of companies that have no earnings that are

1:51.1

being valued at billions although we have a few of those.

1:54.5

But it really is about bubbles all over the place.

2:00.7

Bubbles in the stock market in technology, bubbles in housing, bubbles in the

2:07.0

bond market, a bubble in government debt. There's just multiple bubbles everywhere and sometimes the definition of a bubble is that you can't tell when you're in one

2:19.7

You only know in hindsight and that's kind of what it feels like. Like things are really on this

...

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