Living Paycheck-to-Paycheck (EP.367)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 3 July 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 367 of Animal Spirits, Michael Batnick and Ben Carlson discuss: U.S. domination of the world stock market, how credit spreads work, how the 401k revolution changed the stock market, Americans are rich, an economic slowdown is here, the U.S. labor force is huge, everyone wants to travel, the $5 meal deal inflation indicator, and much more! This episode is sponsored by YCharts and CME Group. Get 20% off your initial YCharts Professional subscription when you start your free YCharts trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits Access CME Group's valuable educational materials and trading tools and learn more about what adding futures can do for you at cmegroup.com/animalspirits 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 Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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.
0:03.6	Michael Financial Advisors, people in the world, very busy.
0:06.5	You have stuff you have to do all day operationally.
0:09.0	You have to tax stuff, you have insurance stuff, stay planning, then you got the portfolio.
0:15.1	Yeah, golf, client meetings.
0:17.5	There's a lot of stuff to go, so that's why Whitecharts has the portfolio comparison
0:21.0	tool, which basically if you have a prospect come to you
0:23.2	take their current portfolio drop it in the portfolio comparison tool compared to what
0:27.6	your proposed portfolio would be then not now we're talking now we're
0:31.8	cooking with gas.
0:32.8	We need something tangible here so.
0:34.4	You know what I use on white charts every single day?
0:36.9	Dial it right up. I've got my own dashboard.
0:39.2	Now I'm not going to share what's on it because it's proprietary to me, but I've got one.
0:44.0	This, that, the other thing.
0:47.0	You have a dashboard?
0:48.0	Not proprietary to you. I'm pretty sure they created the same multiple to us.
0:50.0	No, no, no, no, no, no.
0:51.0	Proprietary to us.
0:52.0	No, to me, you don't have my dashboard. They have the out of the box, whatever their standard
0:56.2	dashboards are, I made my own.
0:57.2	Oh, okay. You probably use a generic dashboard. What do you have in your dashboard at
	...

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