Money Expert: Trump Tariffs Will Make You MASSIVELY RICH - Do This Now!

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.6 • 679 Ratings

🗓️ 12 April 2025

⏱️ 108 minutes

🔗️ Recording | iTunes | RSS

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Summary

Peterson Academy: Join today for $59 a month! https://petersonacademy.com/ICH Kinsta: For WordPress hosting that works go to https://kinsta.com/ich to get started Notion: Get organized at https://notion.com/icedcoffee Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich Follow Chris Camillo and Dave Hanson Here: @DumbMoneyLive NEW: Join us at http://www.icedcoffeehour.club for premium content - Enjoy! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Introduction 00:01:30 - Why care about tariffs? 00:02:57 - Will Trump back down? 00:08:37 - Future predictions 00:15:39 - Sponsor - Peterson Academy 00:17:07 - Sponsor - Kinsta 00:18:24 - Does the crash impact most Americans? 00:21:35 - Is Trump crashing the market to refinance debt? 00:25:28 - Argument for tariffs 00:35:35 - Market overreaction? 00:41:26 - Sponsor - Notion 00:42:39 - Sponsor - Shopify 00:43:45 - Will returns normalize or stay low? 00:45:51 - How the average person can get ahead 00:53:17 - Removing emotion from investing 00:54:09 - Best time of day to buy stocks 00:55:37 - Missed market opportunities 00:58:24 - Dave’s current investment strategy 00:59:22 - Is Trump politicizing Tesla? 01:04:45 - Investing vs. gambling 01:08:49 - Is Robinhood safe? 01:10:52 - Robinhood ventures 01:17:42 - Margin trading advice 01:19:58 - Last market prediction you got wrong 01:24:13 - Biggest risk beyond tariffs 01:28:50 - How bad is government spending? 01:31:46 - Could 0% interest rates return? 01:33:34 - Is investing harder now than before? 01:40:33 - Using ChatGPT to trade? 01:43:49 - What will age poorly in hindsight? *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	So we're looking at what? The worst week for stocks, it's March of 2020, really coming off of
0:04.8	course President Trump's tariff. People are concerned about instability.
0:09.3	Enounced relief for the rest of the world. That caused more turmoil in the markets, but touched
0:14.4	off a huge rally. The bigger concern is what plans are now being made to circumvent the U.S.
0:20.3	in any way possible because you can't trust us.
0:24.2	Beijing promising to fight to the end, that is really amping up. Why should people care?
0:29.6	This is where you make all of your money over the course of 20 or 30 years. This is the dream
0:35.3	scenario for every investor. As the trade war with China heats up, President
0:40.0	Trump is urging Americans to stay cool. Guys, I've seen a lot. I have never been more excited to
0:46.2	be in the market than right now. We're in uncharted, unprecedented uncertainty. So what should the
0:51.8	average person do with this information and with everything
0:55.0	going on in the market? I don't care what you have to do, whatever you can do to make a little
1:00.0	bit of extra cash over the next few weeks to next few months to be able to invest in risk assets.
1:14.7	Chris and Dave, thank you so much for coming on the ice coffee hour.
1:19.7	I really appreciate it. You both are investors that I respect a lot. You're not a hedge fund.
1:25.4	You have nothing to sell. Yet, over the last few years, you have made tens of millions of dollars in the stock market. I want to read you a quote and get
1:28.4	your opinion on it. Bill Ackman has said, we're heading for a self-induced economic nuclear winter
1:34.6	and we should start hunkering down if tariffs remain. Why should people care? Well, most people,
1:40.8	whether they know it or not, are invested in the stock market. And it really does
1:47.4	kind of appear to be the verge of a nuclear wetter. It's, I think that quote, like, that was a very
1:54.1	long thread that he posted on X, and he has done a very good job historically of freaking out
2:00.6	right at the bottom. Have you noticed that?
	...

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