We live in a world where its increasingly difficult to become rich if you werent born that way. And love it or hate it, i believe that the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in this country, but there simply arent that many jobs that pay you a salary to make you rich. Even if youre a cheep stake and save theory efficienearly everyy so you have to plan your Financial Strategy for lifetime. Even if you dont have a high paying job, as long as you can save a decent chunk and invest it wisely, you can make your wealth grow to the point where you become, if not filthy rich, at least financially independent. Meaning you dont need to worry about your job security or where your next paycheck is going to come from. Youll be able to retire easily without the need to rely on social security, which may not be around when our younger viewers hit retirement age thats why tonight, tonight i want to help you figure out
Jim, what tung b about this. 12 month base case, s p 500 target. 2700. Its a bold call. The number that i quibble with is 12 months. I think thats more of a 24 month figure. For that to happen within 12 month, youve got to see a lot of clarity on trumps policies. Particularly tax reform. Unless the price of the index, but i think its a 24month target. Not a 12month. Steve, they say it has less to do with trump in term of the rally. Hes just turbo charged it. They say the cyclical upturn that began a year ago has less to do with trump and more to do with the Global Business cycle that bottomed in the First Quarter of 2016. Trumps simply the mechanism to take it to the next level, if you will. I agree. If trump didnt come out with the tax plan, keeps pushing it back, i think the market would still move. The economy was in great shape when he was elected. Hes benefitted from that tremendously in his presidency. The Global Economy is also in very good shape, so as we set off, youve got to
The stock market is the best ladder we have for social mobility. There are millions upon millions of people in this country. There arent that main jobs that pay you a salary fat enough to make the pitch. Even if youre a cheap skate to save every penny you earned. If you want to become really wealthy, unless you have a silver spoon in your mouth, that means planning your financial strategy. Even if you dont have of your paycheck and invest it wisely, you can make your wealth grow, you can become financially independent. Meaning you dont need to worry about your job security or where your next paycheck comes from. Youll be able to retireesly without the need to rely on social security. Which may not be around when some of the younger viewers hit retirement age. Thats why tonight, tonight i best way to manage your money in order to help achieve real financial independence. In order do that, we need to talk about generational investing. The kind of strategies that make sense when youre you
Increasingly difficult to become rich if you werent born that way and, love it or hate it, i believe the stock market is the best ladder we have in this country for social mobility. There are million upon millions of people in this country but there simply arent that many jobs that pay you a salary fat enough to actually make you rich. Even if youre a total cheapskate and save nearly every single penny you earn. If you want to become really wealthy in this country. Unless youre born with a spoon in your mouth, that means planning your Financial Strategy for an entire lifetime. Even if you dont have a super highpaying job, as long as you can save a decent chunk of your paycheck and invest it wisely year after year, you can make your wealth grow to the point where you become if not filthy rich at least financially independent, meaning you dont need to worry about your job security or where your next paycheck is going to come from and youll be able to retire easily without the need to rel
Have hung in there and on a day like today, the dow only dipped 23 points. The nasdaq advanced 1. 4 . They get sloppy. So i want to give you some lessons in sloppiness to help you maintain your stock market table manners. Apple which was written off at 93. At the same time some chalter made its way around the floor of the stock market, netflix. Now long term viewers know that i urged apple to buy netflix because the earnings stream want so good. I watch all 90 netflix shows on my apple pro. Make life so easy for us. Wouldnt it . As for time warner, terrific. They would fit the Revenue Service stream i adore. Im talking about hbo. But if you at home bought either netflix or time warner when the stocks were running this morning, off the unfounded takeover rumors, you need to get your head checked and call timeout. Go get an ice cream. I mean really. Youve now done the textbook definition of sloppiness. Next example, trading off the price of oil every day. Ive been saying over and over ag