News: Top 3 Risks To Your Retirement Plan (You Won't Believe #3)
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 21 December 2023
⏱️ 22 minutes
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| 0:00.0 | Hello, full of rubber capitals, hope you're well. |
| 0:03.0 | So I think there are some serious risks right now to your retirement. |
| 0:08.5 | What I'm talking about specifically is a 401k, or if you have a large portion of your net worth in your home equity or in the stock market. |
| 0:20.0 | And it's not just about a recession. There's more to it than that. And I think there are these risks, especially what we'll be talking about in the third risk, which are completely off radar. |
| 0:35.0 | I think most people this is a blind spot for them. |
| 0:38.0 | So if you understand what's happening, |
| 0:42.0 | if you understand the details details the nuance with the global |
| 0:44.7 | economy I think you're going to be that much more prepared and you're going to be |
| 0:49.3 | able to have a better understanding as to what the probabilities are that the stock market or asset |
| 0:56.8 | prices in general may come down or may continue to go up to infinity and beyond. You never know. We're only dealing in |
| 1:05.8 | probabilities. There are no certainties. But let's shoot straight over to the |
| 1:11.0 | Wall Street Journal. And this is the first risk that I think is kind of off radar for most people and it's the housing market but it's not what you think. |
| 1:21.0 | You see most people are saying, George, what are you talking about the housing market no no no no no no no no no no no |
| 1:26.8 | no no no month over year of a year pretty much flat up a little bit. |
| 1:33.0 | We did have a decline a few months ago, granted, |
| 1:37.0 | but we've come back up and there's nothing to worry about. |
| 1:40.4 | I get it, I get it, it's a real estate bubble. It's worse than 2006. You tell me all the time in your videos. But right now, we're at all-time highs. And there's no reason why it can't go any higher. I have massive amounts of equity, so I am |
| 1:58.6 | rich, at least on paper, and at least I feel rich. |
| 2:03.0 | This would be the argument. |
| 2:04.4 | But I'm not talking about housing prices. |
| 2:07.0 | Not talking about real estate prices yet. |
| 2:10.2 | More on that in risk, number three. |
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