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Money Guy Show

Is the Market About to Hit an ALL-TIME HIGH? (Should You Be Worried?)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 25 December 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

You may be more tempted to invest more aggressively now that the market is up, but here’s why your financial plan shouldn’t change, no matter the weather. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Is the market about to hit an all-time high?

0:05.0

And more importantly, should you be worried? Brent I am so excited about this because we love it when the market is moving in a

0:18.2

positive direction. We love it when accounts are going up when people are making money when things seem to be on a in a better place however

0:28.9

you just said it all the headlines are starting to kind of say oop markets are at all time high. Uh oh people are starting to get excited.

0:36.5

Uh oh is that something that we should be concerned about.

0:40.7

Look I'm I'm super excited.

0:42.6

I'll take a page from you, Bo.

0:44.6

I am excited that the markets are up, but it has been such a strange year.

0:48.4

That's right.

0:49.4

Because I feel like it wasn't just a few weeks ago that people were petrified but it is important you know since

0:55.3

we are in the closing out the year Christmas season the markets soon to be

1:01.6

wrapped for 2023.

1:03.0

Walk them through how close we are to all-time house.

1:06.0

Yeah, what's really interesting is if you look at the year,

1:08.4

2023, the market is now up over 20% for the year.

1:12.0

If you think about where we started started but it's not been a

1:14.8

straight shot most of us remember third quarter didn't feel very good we saw this

1:20.0

downturn that started around the August time frame all the way into October right up

1:25.3

until November where things were a little dicey, a little iffy, a little uncomfortable.

1:30.0

And now, since November through the month of December so far, market is shot back up.

1:36.0

So when you look in hindsight, the market is up almost or a little over 20% for this year.

1:41.4

And if we think about the all-time high as measured by the

...

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