This Person Is To Blame For The Market Going Up

Money Tree Investing

Money Tree Investing Podcast

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

4.6 • 658 Ratings

🗓️ 3 April 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The market's going up and someone has to be to blame! This week we help you understanding the complex forces driving the market highs in 2024. We delve into the trends of the market and various forces at play, seeking to provide listeners with a deeper understanding of the market dynamics. In this episode, we discuss:

Fragility, resilience, and anti-fragility are concepts discussed in various contexts.
Efficiency-focused systems can become fragile and vulnerable to unforeseen events.
Fragility occurs when short-term risk elimination increases long-term vulnerabilities.
Resilience entails fortifying oneself against adversity, preparing for challenging times.
Diversification in investment portfolios is vital for resilience, mitigating risks from asset overexposure.
Understanding investments and avoiding overly risky portfolios ensures long-term financial stability.
Rising interest rates and inflation pose concerns for investors, impacting the economy and personal finances.
How you can have a more balanced perspective on the market and the current state of political opinions.
Managing debt, especially credit card debt, is crucial as rising interest rates may strain finances further.

For more information, visit the show notes at https://moneytreepodcast.com/market-going-up-595

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Phil Weiss | Apprise Wealth Management

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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 this week's show. My name's Kirk Chisholm. I'll be your host.
0:15.0	And today I'm joined with my good friend Phil Weiss. Hey, Phil.
0:18.0	Hey, Kirk, it is a good Friday. And thanks for having me today. Good to be here.
0:21.5	Yeah, well, thanks for joining us. One of those weird days. One of my kids has school. The other
0:25.7	doesn't. We just actually got back from a little stick and puck at the rink again. What else am I
0:31.7	going to do with him? He's home all day on Friday. Gives me a good excuse to get out there with them and have a good time and the rings close another two weeks and that'll be it. So this is interesting. So it's good Friday. The
0:41.2	market's closed today. Stock and bond markets are closed today, which is always interesting.
0:46.4	We're talking about a bunch stuff today. It's been a crazy week. I want to talk to Phil about this.
0:51.0	I'm sure everybody's seen it by now, but there was a huge bridge collapse.
0:57.1	I think it was in Maryland, what, right outside of Baltimore, Phil? Is that one of it was?
1:03.2	That's right. It was the key bridge. It's close to 50 years old. And I know I heard the news,
1:08.3	saw the news when I woke up earlier this week and I was kind of shocked. And then trying to figure out what might have happened. And your first thought is like, somebody really messed up, but it wasn't that.
1:13.8	The ship lost power.
1:15.6	And a ship that size, it's not easy to control.
1:18.8	I was reading, like you can try to drag anchors across the bottom to slow it down.
1:22.3	But if you mess that up, the sides of the boat can be sheared off.
1:25.9	They were really fortunate that because they were
1:28.5	aware what was happening, the ship alerted shore, they cut off traffic so we didn't end up with
1:34.1	cars plunging into the water. There were some workers. Unfortunately, I think it was six.
1:39.9	They found the remains of two, and they suspect the other ones also perish. But beyond that, it doesn't seem like it had a lot of impact on lives, but it's going to have a huge impact on seat commerce because it's not the largest, but it is a large seaport.
	...

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