Discussing Your Biggest Stock Market Concerns
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4.6 • 589 Ratings
🗓️ 14 August 2024
⏱️ 30 minutes
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| 0:00.0 | Welcome back to the Stadistrade podcast, everyone. |
| 0:10.7 | Tim Bowen back with Matt McCall. |
| 0:12.5 | What we survived the market apocalypse and actually very happy with the episode last week. |
| 0:18.2 | If you didn't check it out, you know, really the cliff notes of that |
| 0:21.6 | episode were just relax everybody. You know, it's not the end of the world. And I think we published, |
| 0:26.9 | you know, I think we recorded on Monday or Tuesday, published on Wednesday. By Friday, we were all |
| 0:31.6 | the way back from all the chaos of Monday. And, you know, I'm not saying that to spike the football, |
| 0:37.2 | but it's just like when |
| 0:38.1 | that stuff happens, the best thing to do is just calm down, give it a few days, and see if it is |
| 0:44.6 | truly the apocalypse or not. And, you know, as of right now, again, market came all the way back |
| 0:50.4 | from that. Now, I do have a question from a lot of that that we'll get to. |
| 0:55.9 | But then, you know, all joking aside, as we're going live right now, you know, I'm watching my |
| 1:01.7 | breaking news feed, you know, we're sending warships. We're sending submarines to the Middle East. |
| 1:07.0 | There's talk of, you know, Iran and Russia changing weapons, and it's like it's getting ugly. |
| 1:13.1 | So hopefully it's not the real apocalypse. |
| 1:15.9 | But we'll talk about, you know, price of oil is up almost 3% today. |
| 1:21.1 | So those are those are, you know, when it comes to trading, when this stuff starts happening, |
| 1:26.1 | you know, we typically look at those oil and gas type stocks. So, lot to go over today. So how's it going, Matt? Oh, good. Good. Yeah. I mean, you know, last week was kind of nuts. It had the worst day of the year on Monday. And then the best of the year on, I think it was Thursday. So you really had a little bit of both pickled in there, |
| 1:45.6 | I guess it was Wednesday, the best day. Not Thursday, I take it back of the year, all in one week. |
| 1:50.4 | Pretty rare to have that happen. So we had a bit of a, you know, yo-yo, and it's crazy talking |
| 1:57.7 | to people out about, I'm hearing of Chicago, but a lot of expats, a lot of people to market. You ask one person, Tim. It's crazy talking to people out and about, I'm hearing, Nicaragua, but a lot of expats, a lot of people to market. You ask one person, Tim, stocks are great, my portfolio is doing great. Ask the next person, oh, my God, what's going on with the market? Like, it's human emotion is as roller coaster as the market is right now, as, you know, evidence in the VIX last week, which we talked about in last week's show, hitting a level had not seen in years. So I got to tell you, I mean, at the end of the day, it's almost better to walk away for a week. If you just missed last week, you got to sit out a lot of craziness. And that's where like I come to long term investing. Somebody trying to time this right now, man, I mean, if you're not time this correctly, |
| 2:34.8 | you're actually getting hurt versus just holding. Oh, exactly. Because again, if you, I mean, |
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