4.8 • 883 Ratings
🗓️ 7 August 2024
⏱️ 6 minutes
🧾️ Download transcript
Discover why stocks rebounded after a sharp pullback.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
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 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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0:00.0 | Be wealthy and smart, episode 1386. |
0:03.3 | I'm gonna live the rich life. |
0:07.3 | It's like, |
0:08.0 | for the best life, |
0:10.0 | if y'all know what I mean, put your hands up and declare with me |
0:14.2 | Yeah, I'm full of behind I'm gonna live a good I'm gonna live a good life |
0:21.6 | The beautiful and glorious life Step into a world of wealth and wealth and |
0:24.2 | wealth and financial freedom without budgets, boredom or bosses on be wealthy and smart. |
0:34.5 | And now here's your host, Linda P. Jones. |
0:38.9 | Welcome to be wealthy and smart. |
0:40.5 | I'm Linda P. Jones, America's wealth mentoror, Empowering Women and Men worldwide to financial freedom. |
0:45.8 | On today's show, we're going to talk about how stocks rebounded after Monday sharp pullback. |
0:51.6 | Yesterday, stocks jumped recovering some of the losses from the previous |
0:55.4 | three trading days which were a result of recession fears and the Japanese carry trade. |
1:02.1 | The S&P 500 was up 1.04%, the NASDAQ gained 1.03% and the Dow Rose 0.76%. |
1:11.8 | All 11 sectors of the broad market index were positive for the day and some of the big |
1:17.3 | favorite mega cap stocks rebounded nicely like invidia up 3.8% and Meta up 3.9%. The Japanese index soared 10.2% covering some of its |
1:30.0 | losses from previous days, but not all. It had its worst loss since 1987, losing 12.4% on Monday. |
1:39.2 | What was notable was the volatility index on Monday was the third highest ever and that indicates |
1:46.0 | that volatility is likely not finished nor is this correction. While economic |
1:51.6 | indicators in the US appear to be robust, the labor market is having |
1:56.4 | some cooling, which is leading some to try to get the Federal Reserve to cut interest |
... |
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