The Great Depression of 2073 (EP.89)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 26 June 2019

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's show we discuss why Michael is getting back into trading, Facebook's new cryptocurrency, is it a good thing more professional investors are buying up starter homes, should Vanguard get into private equity, why Harry Dent says there will be a depression in the year 2073, can you really use demographics to predict the markets, how many people cry after selling their home, why it's better to peak late in your career, why the 1990s had much better movies than we do now and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits is brought to you by MarketSmith by investors business daily.
0:03.7	If you go to investors.com backslash animal you get your first three weeks of the service for just 1995.
0:09.3	Market Smith is a research platform designed to pick winning stocks and they have something called
0:14.7	a growth 250 list which which runs 30 different screens on stocks to find stocks with
0:19.6	growth potential they have stock charts you can use an even pattern recognition
0:22.3	to analyze charts like the
0:24.0	pro that Michael is or Michael's trying to be correct?
0:28.0	Well I since you mentioned it I do have a confession to make okay I'm trading again I knew it I fell off the
0:36.0	wagon L.A. L.A. did it I could see the twinkle in your eye I knew it was gonna happen
0:40.3	all right but here's the deal.
0:43.2	I start with a thousand dollars.
0:44.5	What can possibly go wrong?
0:46.3	So a disclaimer, I'm being a responsible investor, contributing to my 401k every two weeks. I have a taxable account, good clean healthy asset allocation, no shenanigans.
0:58.1	I'm going for it. This is your fun account, right? I am going to turn this $1,050.
1:06.2	Yes, let's do it.
1:07.4	I'm totally here for this.
1:08.6	I'm here for fun.
1:10.1	I have no delusions of grandeur,
1:12.2	and I am using the IBD 50 I will say this okay because I don't want to put too much time into this
1:19.2	These are the best stocks biggest winners it would be poetic, as you mentioned a few weeks ago, if this
1:25.9	marks the top in growth versus value.
1:28.4	Because these are all growth stocks.
	...

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