What You Don’t Know About The Stock Market (But Should)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 18 September 2024
⏱️ 30 minutes
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Transcript
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| 0:00.0 | What you don't know about the stock market, but maybe you should. |
| 0:07.0 | Brent, I am so excited about this because I love when we can teach people things they might not know had they not |
| 0:17.5 | gone to a university and learned about investing and took the finance classes and and have the designations, we get to share that kind of information with our folks. |
| 0:27.0 | And not only that, we get to answer the questions that you care about. |
| 0:31.0 | We get to speak to the things in your life that you are curious about and we love that we can do that every Tuesday morning at 10 a.m. |
| 0:38.4 | And so right now we have the team out in the wings collecting your questions and we want to load you up because we |
| 0:44.0 | believe that there's a better way to do money and we also believe that you should |
| 0:48.7 | subscribe right now to the channel. With that I'm going to throw it over to you, Creative Director Rebe. |
| 0:55.0 | Agreed, don't forget to hit subscribe while we ask Dario's question. |
| 0:59.4 | He says, with the S&P 500 being heavily leaning on the Magnificent 7 tech stocks, would you consider |
| 1:06.8 | it well diversified? |
| 1:10.4 | I like this question, because it seems like headlines always are telling you, hey, okay, you hear some people all the time, hey, just buy the S&P 500, just buy the S&P 500, just buy the index. |
| 1:20.7 | It's the lowest cost index out there, just do this, just just and then they're the naysayers who |
| 1:24.6 | come in and like but wait but wait if you buy the S&P 500 well what are you |
| 1:29.7 | really buying you're buying these seven companies that happen to be the largest |
| 1:35.3 | concentrations and the movement of the market is dictated by those seven |
| 1:38.8 | companies. I just think it's very interesting, Brian, how short our memories are and also in my |
| 1:45.8 | opinion how illogical we can be when we think about the way we invest why we |
| 1:50.4 | invest and how we invest. I love this because this lets us get dive into the details of when somebody says |
| 1:57.2 | invest in the S&P 500. Yes, it's the 500 biggest companies in the United States, but if you actually put some some |
| 2:03.8 | mental horsepower to know what this means, does I mean that every stock of the 500 is |
| 2:09.2 | one 500th or is there something more going on and that's why guys when I talk to you |
... |
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