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Thank you tuning into another episode of the Mind of a Millionaire podcast. This week Zak takes you inside the September portfolio meeting. This meeting gives all of our advisors the opportunity to get together, discuss, argue, and bounce ideas around.
Last month, Zak and Blair had a lot of discussion on the China trade war and that topic has rolled into this week. For economic updates, join our email club. Follow us on Twitter for financial thoughts and tips. And check out our Facebook for DWM news, events, and updates.
YTD S&P 500 [1:10] (Yahoo Finance)
YTD Dow Jones [1:17] (Yahoo Finance)
YTD Emerging Markets [1:26] (Yahoo Finance)
YTD Foreign Markets [1:29] (Data mentioned from Market Insider)
Zak’s jokes for the day: [1:55]
The Dow is dropping so frequently that they decided to just add an ‘n’ to the end of it (Down).
The economy is so bad, Joe Biden’s new slogan is “Maybe We Can.”
Why do people think things are going poorly? [2:19]
The economy is slowing down [2:58]
The China trade war [3:23]
- A deal with China is good for the economy [4:14]
Eurozone economic update [4:47]
- Germany is the largest economy in Europe/4th in the world by GDP (Investopedia) [4:59]
Your investment time horizon [5:48]
Thank you for listening – we would love to hear your feedback, comments, or questions. Send us an email, give us a call, or visit our website to let us know your thoughts.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.
Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.