4.8 • 883 Ratings
🗓️ 20 May 2024
⏱️ 8 minutes
🧾️ Download transcript
Discover why there may be two interest rate cuts and bidding wars for homes are back.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
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| 0:00.0 | Be wealthy and smart, episode 1352. |
| 0:03.4 | I'm gonna live no rich life. |
| 0:07.4 | Rich life. |
| 0:08.4 | All the best life. |
| 0:10.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:14.2 | yeah I'm full of time I'm gonna live a good life I'm gonna live a good life |
| 0:21.6 | A beautiful and glorious night Step into a world of wealth and wealth of wealth and financial freedom without budgets, boredom or bosses on be wealthy and smart and now here's your host |
| 0:36.1 | Linda P Jones. Welcome to be wealthy and smart I'm Linda |
| 0:40.8 | Jones America's wealth mentor empowering, Empowering Women and Men Worldwide to Financial Freedom. On today's show, we're |
| 0:46.8 | going to talk about the market pricing in two interest rate cuts. Now, interest rates are still slightly over 7%, but that's down from 7.7% a couple of weeks ago for a 30-year fixed-rate mortgage. |
| 1:01.0 | Signs of an inflation cool down prompted markets to grow more optimistic |
| 1:05.6 | about the possibility of the Fed cutting interest rates maybe as much as two times in the second |
| 1:12.1 | half of the year. |
| 1:13.4 | And that led all three major stock market averages to hit new highs on Wednesday. |
| 1:19.4 | For the week, the NASDAQ rose more than 2%. |
| 1:22.4 | The S&P was up more than 1.5% and the Dow was up more than 1% |
| 1:27.8 | closing above 40,000 for the first time ever on Friday. It was mainly April's reading of the Consumer |
| 1:35.4 | Price Index which showed that core prices which take out the volatile prices of |
| 1:40.4 | food and gas rose 3.6% over last year, which was the lowest annual rise in three years. |
| 1:49.6 | That's what prompted the markets to price in two interest rate cuts this year for the first time |
| 1:54.8 | since early April. The Fed has projected two or three interest rate cuts at some |
| 1:59.6 | point this year. Now the key question is, are two interest rate cuts really in the cards or is the market |
... |
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