What is the Tech Sell Off About?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 7 September 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
Learn what is causing the tech sell off (you may be surprised) and if it is likely to continue.
The article is here.
Are you investing well for financial freedom...or not?
As we live our lives, we have seen enormous money be made in real estate, technology stocks, etc. and have seen wild swings in markets before. They can feel scary at the time, but in hindsight are often tremendous opportunities for future financial success.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 771. If y'all know what I mean put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of time I'm gonna live a good life |
| 0:21.0 | I'm gonna live the good life |
| 0:22.0 | and beautiful and glorious life. |
| 0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, |
| 0:31.0 | on Be Wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.6 | On today's show, we're going to talk about what is the Tech Selloff about? |
| 0:51.8 | Because I had some conversations with my family over the weekend and boy |
| 0:56.3 | people were really scared about this pullback in the NASDAQ so we'll talk a |
| 1:02.3 | little bit about that what's it, and I'll share with you a brief |
| 1:07.1 | article from Reuters talking about just that. So this article is called COVID-19 vaccine approval could stall |
| 1:17.4 | tech stocks boom according to Goldman Sachs and it says |
| 1:22.4 | approvals for potential COVID-19 vaccine later this year could threaten the recent |
| 1:28.8 | surge in speculative investment in big U.S. technology companies and pull investors back toward more |
| 1:35.9 | traditional growth-linked cyclical stocks according to analysts at |
| 1:40.7 | Goldman Sachs. |
| 1:42.9 | Seen as stay-at-home winners in the coronavirus lockdowns, |
| 1:47.8 | shares in Apple, Facebook, Amazon, and Alphabet |
| 1:52.3 | have surged this year and now account for nearly a fifth of the |
| 1:56.8 | S&P 500 stock market value. Bumper results from the iPhone maker last week pushed it past Saudi Aramco to become the world's |
| 2:06.5 | most valuable publicly listed company and heading towards a $2 trillion valuation. Of course they're talking about Apple there and how it is just |
... |
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