meta_pixel
Tapesearch Logo
Log in
Michael Covel's Trend Following

Ep. 670: Three Times Out of Ten Beats Millennial Madness with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 25 June 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Three Times Out of Ten Beats Millennial Madness with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

---

I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0

This is Trend Following Radio, where great thinking comes alive.

0:10.9

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

0:21.2

I am your host, Michael Covel.

0:24.0

Not filtered, raw, honest.

0:27.4

That's my passion.

0:33.7

I hate to pick on just one group.

0:37.2

One population, one demographic, one age group in particular.

0:42.3

Somebody could very easily pick on my group, my cohort, my demographic.

0:48.1

But I'm looking at right now, courtesy of Amerit Trade, the brokerage firm. I'm looking at something called the 2018

0:55.9

Millennials and Money Survey, Attitudes Towards Money, Retirement, and Life in General.

1:04.1

And there just happens to be a very gorgeous woman on the front of this. I guess that means

1:10.7

something about making all that money.

1:13.1

You make all the money and the gorgeous woman comes too. Right there on the front page,

1:17.5

they're telling you what it's all about. There's only one key stat I really want to throw out at you.

1:24.2

Half, 53% of millennials, expect to become a millionaire at some stage in their lives

1:30.2

or are already millionaires. Over seven in ten, 73 percent. Male millennials expect to become

1:38.1

a millionaire at some stage of their lives. Only four in ten female millennials say the same, only 38%, so about half.

1:47.0

That's a lot of optimism.

1:49.3

A lot of optimism without a lot of math.

1:53.5

Because the standard-issue job, after taxes around the globe working for the man,

2:00.3

go add it up and tell me where that million

2:02.5

bucks comes from. Hell, half of Americans don't have $1,000 in the bank. So clearly our

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.