4.8 • 883 Ratings
🗓️ 26 July 2024
⏱️ 7 minutes
🧾️ Download transcript
Discover why this week had the worst performing day in stocks this year.
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 2 percent or 10 percent 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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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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0:00.0 | Be wealthy and smart episode 1381. |
0:03.0 | I'm gonna live no rich life. |
0:06.0 | Rich life. |
0:08.0 | Pull that's life. |
0:10.0 | If y'all know what I mean, put your hands up and declare with me |
0:13.8 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live a good life |
0:21.1 | beautiful and glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
0:31.4 | 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. |
0:42.0 | Empowering Women and Men Worldwide to Financial Freedom. |
0:45.1 | On today's show, we're going to talk about the worst day in stocks this year, what caused it |
0:50.5 | and what it looks like going forward. |
0:53.0 | On Wednesday, the NASDAQ and the S&P 500 |
0:55.7 | sold off sharply after tech earnings disappointed. |
0:58.9 | Two mega cap tech companies had disappointing earnings, which led the broad market index down 2.2% and the |
1:06.5 | NASDAQ down 3.5%. The Dow Jones industrial average also shed 1%. |
1:12.1 | Shares of Google Parent Alphabet fell 5%. The they dropped 7.5%. Although Alphabet had a good earnings report with a better top and bottom |
1:26.9 | line beating last quarter's estimates, it was below the consensus estimate, especially the YouTube advertising revenue. |
1:34.4 | Meanwhile Tesla shares declined 11% their worst days since January 25th |
1:39.6 | on weaker than expected earnings results and a 7% year over year drop in auto revenue. |
1:45.2 | Other major tech stocks fell in sympathy with alphabet and Tesla. |
1:48.8 | Invidia and meta platforms respectively lost 6% and 5% and Microsoft lost 4%. |
... |
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