4.9 β’ 2.5K Ratings
ποΈ 4 March 2020
β±οΈ 41 minutes
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| 0:00.0 | Yes, we're back, we're back, we're black, we're brown ambition. I did a condensed version. Hey, Mantra. |
| 0:26.5 | Hey. Have you survived coronavirus gate 2020? Are you out there? I'm calling you from my bunker in the suburbs. |
| 1:12.5 | First of all, a friend of mine went to Costco yesterday. She's like, you want to go? I was like, sure. It was midday. Midday. And people were buying water as if like, you know, it was the end of the world. I'm like, are you kidding me? Oh, people. Listen, don't judge because that was me and my mother at Sam's Club Saturday morning. So we made the mistake. We talked about the coronavirus on last week's show. So let's touch on that. Last week, which seems like a long time ago in terms of coronavirus news, the market was tanking. The headline for this show was when the coronavirus comes for your 401K. And I wasn't kidding. My 401k is down 8%. Thank you very much, coronavirus. Appreciate it. And we talked a little bit about why the coronavirus is moving the markets. |
| 1:17.9 | Obviously, China was ground zero for this virus and the spread of it. And there's tons of U.S. |
| 1:23.4 | based companies and products from U.S. based companies that are made in China. And there's concern |
| 1:27.4 | about, like even the iPhone, for example, having the parts that they need to make the |
| 1:31.4 | iPhone that everyone buys. And so the economic impact could be really great. And then what if people, |
| 1:36.8 | what if it gets in the U.S., what if it spreads so much that people aren't able to go to work anymore. So there are real implications. And right now, |
| 1:44.6 | there is no cure. There's no vaccination. And the U.S. government maybe isn't the most |
| 1:51.4 | reliable when it comes to their response to this. Or maybe investors don't feel like there's a |
| 1:56.7 | real strategy or plan in place from the government right now at the federal level to |
| 2:01.8 | handle this type of pandemic. |
| 2:04.0 | So investors get spooked. |
| 2:06.5 | There's not really a ton of confidence that will be able to contain the virus and you see |
| 2:11.4 | the markets move like they did last week, which, yeah, it can definitely impact your investments. |
| 2:17.5 | I don't know if you saw anything from your portfolio or if Tiffany, you were smart and |
| 2:21.5 | didn't look at all, which is probably a better response. |
| 2:25.3 | I lost like $900. |
| 2:26.8 | But, you know, we were also rallied. |
| 2:28.5 | I mean, the last time I checked, the- |
| 2:31.0 | Only $900? |
| 2:32.7 | $900. |
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