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Money Guy Show

The Market Has OFFICIALLY Hit An All-Time High (Do This Right Now)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 7 February 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

The S&P 500 has officially hit a new all-time high! What should you do now?

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Transcript

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0:00.0

The market has hit another, another, and another all-time high.

0:05.7

What you need to do right now.

0:07.1

Right, I am so excited about this because inevitably this happens and we hear this and all the

0:19.4

sudden the market's had an all-time higher, oh no, we've never been here before. Our market is reaching new highs and you see these headlines and immediately as investors we start asking some questions. Uh-oh, uh-oh, should I be worried, should I be nervous?

0:33.1

Is this something that I should be cluing into?

0:35.6

You know, Warren says, be fearful when others are greedy and

0:37.6

ingredient when others are fearful.

0:39.0

What should I do?

0:40.4

Well, I hope that today we can put some minds at ease. So I'm sitting on the couch last night with my daughter. We're watching the Rapunzel series and I look down at my watch and there's a text and it's like hey thoughts oh that was it

0:55.6

thoughts question mark and then there's a link and it's from a client and it was

1:00.6

from business insider saying oh my gosh, Mark is slated for another huge recession.

1:07.0

And I'm like, are we really here?

1:10.0

So I felt like, and we already had this show planned outside,

1:14.0

so I was like the timing could not be better

1:16.5

in the fact that we have been here before.

1:18.9

And let me go ahead and ruin it for you.

1:20.8

The person who wrote the article predicting the recession, they don't know any more than I do

1:28.2

on when the next recession or downturn is going to be, but we think a little context can go a long way for everyone in our audience.

1:37.0

So if we just think about the S&P 500, because that's the most oft quoted index or market that we're looking at. It did recently hit a new all-time

1:46.3

high. If we kind of look at the chart back at 2019 all the way through present day that you can

1:51.1

see around January of 2022, the S&P 500 hit its high and then we had

1:57.1

22 as a down year.

...

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