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Be Wealthy & Smart

Stock Markets Made a Huge Comeback in October

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 31 October 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Discover why stock markets made a huge comeback in October.

Are you on track for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.

If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

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0:00.0

Be wealthy and smart, episode 1,109.

0:03.2

I'm gonna live no rich life.

0:07.2

A rich life.

0:08.2

Pull that that's life.

0:10.0

If y'all know what I mean, put your hands up and declare with me

0:14.0

Yeah, I'm full of bad time I'm gonna live the good life

0:21.0

I'm gonna live the good life

0:22.0

beautiful and glorious night Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on

0:31.6

be wealthy and smart. And now here's your host, Linda P. Jones.

0:37.0

Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. Empowering Women and Men Worldwide to Financial Freedom. to Now this is really important because I've been talking about how people have been so

0:54.8

bearish that they were not really able to consider the possibility that stocks could

1:00.8

move on the upside and that's exactly what happened in October.

1:05.0

The Dow Jones Industrial Average was up 14.1% during the month.

1:09.7

And not only that, but that was the best month since 1976 for the Dow. The S&P 500 was up 8% and the

1:19.3

NASDAQ was up 4%. Now what's really interesting is all of that happened even though some

1:25.9

earnings were mixed. Some companies earnings were good. We saw a lot of tech

1:31.0

companies have trouble in October, companies like Amazon, Apple, Facebook,

1:36.4

etc, some of the Fang stocks, which really declined sharply because of trouble with earnings. Their earnings weren't as good

1:44.8

as were anticipated and so the stocks sold off sharply. So October's gains

1:50.8

came despite mixed third-quarter earnings reports from companies like Meta,

1:57.0

Facebook, and Amazon and Apple. These companies said they were having slower growth and that disappointment caused huge sell-offs.

2:06.8

But something had to do well for us to get such positive performance in October.

...

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