The Irrational Impact of Politics on the Market

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 2 October 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Election season upon us so you know that there will be an irrational impact of politics that is going to hit the market this fall. We also discuss the aging of political figures like Joe Biden and Donald Trump, and the impact of stress on leaders. We explore generational cycles, particularly the "Fourth Turning" theory, and reflect on media influence and propaganda, both in the U.S. and globally.

Today we discuss...

The U.S. presidential candidates and the physical and mental demands of the campaign trail, especially for older politicians.
They explore the concept of "fourth turning" and generational cycles of conflict, predicting ongoing societal tensions.
Global perspectives on the U.S. are discussed, contrasting media portrayals and public opinions abroad
How "truth" is often subjective, shaped by perspective and opinion, especially in political contexts.
Both sides in a debate typically view the other as misinformed or evil, leading to a polarized environment.
The upcoming election period is expected to be filled with misinformation and humor, as political discourse tends to devolve.
Investment markets exhibit similar behavior, where individuals often believe they can predict outcomes, leading to misguided confidence.
Historical economic events, such as the housing market in the late '90s and 2007, demonstrate patterns of irrational behavior among investors.
Wall Street often presents a biased perspective, promoting buying to maintain market stability and profits.
People become emotionally invested in their stocks or political affiliations, which clouds their judgment and objectivity.
Discussions of gold, silver, and cryptocurrency reveal that tangible assets are often viewed as safe havens in uncertain economic climates.
Emotional decision-making plays a significant role in how individuals approach investments, especially concerning real estate versus stocks.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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For more information, visit the show notes at https://moneytreepodcast.com/irrational-impact-of-politics-647

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree Podcast listeners. Welcome to the sweet show.
0:14.0	My name is Kirk Chisholm and I'll be your host and today I'm joined with my good friend Doug Hagerin.
0:18.0	Hey Doug.
0:19.0	Hey, Kirk. How you doing today?
0:20.0	Doing great on this happy Monday morning.
0:23.3	How about you, Doug?
0:24.3	I'm trying to keep my eyes awake for it.
0:26.0	You know, so I've got family members who used to travel for work all the time internationally.
0:32.9	A couple of family members that were vice presidents, high top C-suite.
0:38.6	And I mean, they would go, go, go old school, right?
0:41.3	Like you'd get up on a Monday and they would fly to Thailand.
0:45.4	And then they turn around and fly to another coach and then back.
0:48.8	And they do this week after week after week.
0:51.1	Now, in fairness, a couple of them developed some pretty interesting habits
0:55.1	like smoking and things like that, probably to get through correlated, you know, just how heavy the
0:59.5	stress. But I don't know how they did it. I mean, I just spent seven days in Maui. We're out there
1:05.1	for a conference and I live in the Midwest, right? So I don't know what we're looking six hour
1:09.4	difference. But you know, it's interesting.
1:11.3	It's a six-hour difference, but I really feel like Hawaii should be like seven,
1:14.8	eight, or nine-hour difference because it's crazy.
	...

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