Is $1 Million a Lot of Money? (EP.399)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 12 February 2025

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 399 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the shrinking number of small businesses, the stock market chart of the decade, why excess capital investment in technology leads to booms/busts, the tech sector will lead to the next financial crisis, making the case for European stocks, baby boomers still rule the day, the relentless bid from 401k investors, timing the housing market, $1.2 million in credit card debt and much more. This episode is sponsored by ProShares and Fabric by Gerber Life. Explore the full range of ProShares ETFs at: https://www.proshares.com/ Join the thousands of parents who trust Fabric to protect their family. Apply today in just minutes at: https://meetfabric.com/spirits. Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Find complete show notes on our blogs: Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits is brought to you by ProShare's. For nearly two decades, ProShare's has been at the forefront of the ETF revolution, offering investors a lineup of ETFs index to the tech-heavy NASAC 100 that can't be found anywhere else.
0:13.7	Whether you're bullish and want to magnify your daily returns or bearish and looking for ETFs designed to increase in value on days when the market drops, Pro Shares has you covered.
0:21.3	Explore their full range of ETFs and market insights at proshares.com.
0:26.4	Today's Animal Spirits is also brought to you by Fabric, by Gerber Life.
0:30.1	Term life insurance can get done right from your couch online and on your schedule.
0:33.6	You can be covered under 10 minutes with no health exam.
0:36.1	So if you go to meetfabric.com slash spirits, all you do is enter in your age, your state, the coverage amount you're looking for, and it looks like they offer coverage from $100,000 to $5 million.
0:47.0	Very easy, very simple.
0:49.1	Join thousands of parents who trust fabric to protect their families.
0:52.2	Apply today in just minutes at meetfabric.com slash spirits.
0:55.7	That's meetfabric.com slash spirits.
0:57.5	Policy is issued by Western Southern Life Assurance Company.
1:00.6	Not available in certain states.
1:01.8	Price is subject to underwriting and health questions.
1:09.0	Welcome to Animal Spirits, a show about markets, life, and investing.
1:13.2	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
1:18.3	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth management.
1:24.7	This podcast is for informational purposes only and should not be relied upon for any investment decisions. Clients of Riddholt's wealth management. This podcast is for informational purposes only and should not be relied upon for any
1:28.8	investment decisions.
1:30.4	Clients of Ridholt's wealth management may maintain positions in the securities discussed
1:34.1	in this podcast.
1:38.7	Welcome to Animal Spirits with Michael and Ben.
	...

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