It Was a Very Good Year (EP.393)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 1 January 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 393 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the year that was in the stock market, expectations for 2025 returns, the Steve Ballmer portfolio, record ETF flows, the new normal of speculation, rich retirees who won't spend their money, the new normal of 7% mortgage rates, eff you money vs. your job, speaker phones, travel budgets, and much more! This episode is sponsored by YCharts and Fabric by Gerber Life. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits 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 Subscribe to The Unlock newsletter: https://www.advisorunlock.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 our friends at YCharts.
0:03.0	Michael, my dream of having an AI assistant is, I don't know, not too...
0:06.3	Nobody, Ben, you've said it.
0:08.7	Nobody likes to hear dreams.
0:10.6	All right.
0:10.9	It's not too far off.
0:11.7	But YCharts is already kind of like your AI assistant for financial advisors, right?
0:16.9	It's a balancing act.
0:18.3	You're dealing with current client portfolios, financial planning issues, talking to prospects.
0:24.0	Wide charts proposals helps advisors save time, grow AOM, and improve client communication.
0:28.0	They have these templates that you can use.
0:29.8	So wait, so what's your dream?
0:31.4	No, I'm saying Y charts does it for you.
0:32.8	I just want to, I want to.
0:33.4	A Y charts is a dream.
0:34.7	Yeah, Y charts is a dream, right?
0:36.1	So they have these templates you can use for advisors.
0:39.3	They have thousands of charts that you can use.
0:41.8	It just makes your life a little bit easier by using their proposal tool,
0:45.2	taking the current client portfolio, upload it into the portfolio tool,
0:48.9	and then kind of comparing contrast what you can do for them,
0:51.0	what it's already being done for them.
	...

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