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Stansberry Investor Hour

Don't Let Money Be Your Master Warns Jared Dillian

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4677 Ratings

🗓️ 27 November 2023

⏱️ 65 minutes

🧾️ Download transcript

Summary

Dan and Corey kick off the show by giving a sneak peek at their list of 10 things that would surprise investors in 2024 and where they predict the markets are headed. Specifically, they discuss the unassailable Magnificent Seven – which are "priced for more than perfection" – and why the high valuations aren't sustainable. While the other "Unmagnificent 493" stocks in the S&P 500 Index are essentially flat and it's "still a bear market for everything else," the Magnificent Seven have screamed higher. Dan warns that they're not safe.

Afterward, Jared joins the conversation and gives some tips on how to make finance less stressful. He shares that it's important to not cut out small luxuries that bring you happiness, like a Starbucks coffee every now and then. Rather, he says to focus on cutting costs for the bigger items. He also explains that being too conservative with your money can be detrimental. 

The conversation shifts to discussing the two main sources of financial stress: debt and risk. Jared explains that these sources of stress aren't correlated with how much money you have and instead are entirely based on how you structure your finances. 

Jared then talks about the market as a whole and shares some predictions. He covers why he has been focused on the bond market for the past six months, why he expects a recession next year, what he thinks will happen to Treasurys and interest rates, and the psychology behind inflation. 

 Lastly, Jared details why he owns essentially no U.S. stocks and instead has his money in Argentine stocks. Plus, he describes another emerging market that presents a "huge opportunity" for investors. As he says, "There's other places in the world to go where there's a lot more growth that are a lot more promising." Don't miss his thoughts on the best way to get exposure to that potential growth story. 

Transcript

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0:00.0

Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and the Ferris Report, both published by Stansberry Research. And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we interview Jared Dillion, author and editor of The Daily Dirt Map Newsletter. And Corey and I will give you a little sneak peek of our 10 surprises for 2024.

0:23.8

And remember, if you want to ask us a question or tell us what's on your mind,

0:27.0

email us at Feedback at InvestorHour.com.

0:30.5

That and more right now on the Stansberry Investor Hour.

0:43.0

2024 is right around the corner.

0:44.7

Thanksgiving is behind us.

0:45.9

It's coming.

0:47.3

It'll be here.

0:48.4

Looking forward to it.

0:49.0

Let's go.

0:51.7

Still got some leftovers in the fridge from Thanksgiving, though.

0:53.6

But yes, let's move on to 2024.

0:55.5

Yeah, we got good leftovers.

1:01.1

And looking forward, of course, at the end of each year now, we do our 10 surprises,

1:05.0

10 things that would surprise investors in the coming here.

1:10.0

And the one that I want to sneak preview, I would hope it would be kind of obvious.

1:12.8

I really would. And I think it would surprise a lot of people if the, let's call them the magnificent seven, the seven stocks that

1:19.4

have led the market higher and higher all year, if they underperformed horribly, if they,

1:27.3

how does one say, sucked wind? If they wereperformed horribly, if they, well, how does one say, sucked wind?

1:29.9

If they were, you know, we're talking Apple, Microsoft, Amazon, meta, Nvidia.

1:39.8

I always leave one out.

1:41.8

But you know which ones I mean.

...

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