The Mother of All Bubbles (EP.389)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 4 December 2024

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 389 of Animal Spirits, Michael Batnick and Ben Carlson discuss: US exceptionalism in markets and the economy, losing all of your retirement savings, yield sells, financial nihilism, the downfall of the CFA, the greatest trades of all-time, a 10 year outlook on housing prices, the bull market in podcasts on YouTube, the psychology of tipping, and much more! Thanks to Public for sponsoring this episode. Visit: https://public.com/compound and lock in a 6% or higher yield with a Bond Account. Animal Spirits survey: https://www.surveymonkey.com/r/ZBBJ69Q Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Subscribe to The Unlock newsletter: https://www.advisorunlock.com/subscribe Find complete show notes on our blogs: Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Public disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ 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 public. Ben, I have a confession to make.
0:03.7	Okay.
0:04.5	Over the last couple of years, like so many other fine Americans with interest rates at levels
0:10.1	that we hadn't seen in forever, not in my investing career, I accumulated more cash than I
0:16.8	otherwise would have.
0:18.1	You are the cash on the sidelines right now.
0:21.6	But now, but now, do I just take all my cash and invest into the stock market?
0:26.2	I mean, I've been investing in the stock market, of course, my whole career.
0:29.3	I want to maybe get some yield, lock in some yields, some bonds, if you know what I mean?
0:33.1	Know I'm going with this?
0:34.3	Yes, I think a lot of that cash is going to move into bonds. So at public.com,
0:39.3	they have a bond account, and they invest in individual bonds, corporate and high yield bonds.
0:44.0	You can lock in a yield of 6% or higher right now. It's an individual bonds. You actually do lock
0:48.6	in the rates. For the record, I'm a stock guy, but I need some dry patter, right? I want to be
0:53.9	able to be aggressive if and when we get a healthy correction.
0:57.7	Yeah, so you can go to public.com, check out their bond account, 6% yield or higher,
1:03.3	lock it in because we don't know these bond yields are going to be here forever.
1:05.8	Lock it up.
1:07.2	Yes, brought to you by public investing member Finner and SIPC. As of 92624, the average annualized yield the worst across the bond account is greater than 6%. Yield the worst is not guaranteed. Not an investment recommendation. All investing involves risk. Visit public.com slash disclosures slash bond dash account for more info.
1:30.5	Welcome to Animal Spirits, a show about markets, life, and investing.
1:34.8	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
1:40.0	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ridholt's wealth management.
	...

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