The Dow Hasn't Done This in 125 Years
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 28 July 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Discover why the Dow's longest winning streak of 14 sessions, a record since 1897, was almost broken.
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 1225 |
| 0:03.0 | I'm gonna live no rich life |
| 0:07.0 | rich life |
| 0:08.0 | pulling that's life |
| 0:10.0 | if y'all know what I mean |
| 0:12.0 | put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live the good life |
| 0:21.2 | and you're gonna glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on, be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:40.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor. Empowering women and men worldwide to financial freedom. |
| 0:46.0 | On today's show, we're going to talk about why it might be time to take some money off the table. |
| 0:52.0 | Now, I'm not a short-term trader, I'm a really long-term |
| 0:55.2 | trader. I definitely don't do a lot of tactical moves, but when I see a headline on |
| 1:00.7 | CNN like this, it really makes me think we're about to have a pretty deep correction |
| 1:07.0 | The headline that I'm talking about said |
| 1:10.0 | The Dow is on pace to do something today it hasn't done since 1897. |
| 1:18.0 | Yeah, the Dow is on pace for its best run in 126 years. That tells me we're a little bit on the |
| 1:28.0 | frothy side. Things are about to correct fairly hard. Now I'm not calling for a crash. I'm not calling |
| 1:34.3 | for anything serious, but I am saying that when I look at the sentiment |
| 1:38.6 | indicators we are at extreme greed. I mean the maximum level of greed on the chart that you can reach |
| 1:46.9 | were there. That means everyone believes that the market's going to continue to go |
| 1:52.1 | up which is usually when it goes the other way and |
| 1:55.2 | that's what I'm talking about today. |
... |
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