Jul 31, 2024
It's Fed Day, and Lance Roberts previews potential outcomes to be announced Thursday afternoon. Earnings season continues, with MSFT reporting revenue of only 29% for the quarter vs the anticipated 30% growth. Shucks. Our take on what to take from the NASDAQ correction: Opportunity. Markets are "flirting w disaster" around the 50-DMA: what will be the Black Swan Event (and why would anyone wish for it)? The illusion of wealth in America; Lance and Danny discuss the importance of questioning financial assumptions and societal expectations; how these expectations can lead to unnecessary financial strain: Challenging the notion of "have to" when it comes to financial decisions; the pressure to spend large amounts on weddings and college education; questioning the necessity of certain expenses; the importance of evaluating financial priorities; encouraging viewers to make informed financial choices based on their unique circumstances.
SEG-1: Fed Day Preview & NASDAQ Correction
SEG-2: Flirting w Disaster at the 50-DMA
SEC-3: The Illusion of Wealth in America
SEG-4: Bankrupting Your Retirement for Your Children?
Hosted by RIA Advisors Chief Investment Strategist Lance
Roberts, CIO, w Senior Financial Jonathan Penn, CFP
Produced by Brent Clanton, Executive Producer
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Watch today's show video here:
https://www.youtube.com/watch?v=B31ZSUJGGJM&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s
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Articles mentioned in this report:
Bullish Years Often Have Corrections
https://realinvestmentadvice.com/bullish-years-often-have-corrections/
"Pullback Doesn’t Deter Investor Bullishness"
https://realinvestmentadvice.com/newsletter/
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The latest installment of our new feature, Before the Bell, "NASDAQ
Correction: Here's Our Take" is here:
https://www.youtube.com/watch?v=Ea9nQUqvgMw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Why Market Comparisons Can Hinder Your
Portfolio's Performance "
https://www.youtube.com/watch?v=PdP-essdjaM&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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http://www.youtube.com/c/TheRealInvestmentShow
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Contact Us: 1-855-RIA-PLAN
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