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Jake
Jake
11 years ago

Jack, you don’t like Suzie Orman? You’re just not standing in your truth… 😉

Also, the ford stock thing and what neil said. Its an example of results oriented thinking (aka roty) .

tx2styp
tx2styp
11 years ago

Great episode today! See if John would consider joining the Expert Council.

Roundabouts
Roundabouts
11 years ago

Been so busy have not been able to listen much. Yet once again bulls eye. Preps get out of debit and have a savings! There couldn’t be more sound advice. How much to save? MORE. Some times crap storms come with a one two three punch. If you are not prepared it can be a 1-2-3 you’re down and out. Or you can be a bit bruised and beat up but still walk away and carry on. Thanks to both you & John Pugliano. Loved his straight forward easy to follow style. Ha this time I knew the words spoken!

kevin
kevin
11 years ago

I’ll second the Expert Council post.

Sean
Sean
11 years ago

No Thanks Jack. For what I see coming down the pike (I’m 40) I see that having anything in paper(i.e. stocks,bonds, annuities, et al) except some cash is a fools errand.

-Sean

PS. If you want to delete this comment that’s fine since I will not take the time to listen today anyway.

All just my $.02

Sean
Sean
11 years ago
Reply to  Sean

And no I don’t believe in hording precious metals either.

Sean
Sean
11 years ago
Reply to  Sean

#1 is NO DEBT (NONE/ that includes mortgage)
#2 a MIN 1 -2 years cash cushion including $ to pay prop taxes.
#3 tangibles / preps (MIN 1-2+ years supply)
#3 (yes I know) Skills that Jack talks about on his great show.
#4 SKILLS (Yes even more)

ALL IMO

Tyler
Tyler
11 years ago
Reply to  Sean

Cool story, bro.

markl32
markl32
11 years ago

Excellent show! +1 for John on the expert console.

Tyler
Tyler
11 years ago

The only problem with John on the expert council is that I can see him getting hit with a lot of questions he’s not really comfortable answering because of legal issues. But if he doesn’t think that will be a problem then I also think it’s a great idea to at least ask him.

Daniel
Daniel
11 years ago

Never buy and hold? Is this guy serious? The reason that people lose money despite the general upward trend is because timing the market is notoriously difficult. Warren Buffett seems to like buying and holding and it seems to have worked out OK for him.

Get in after the rally has begun and get out early? No kidding. Lets have this guy tell me when the next rally is somewhat underway, and when to get out.

Daniel
Daniel
11 years ago
Reply to  Daniel

True, but Buffet doesn’t try to time the market at all. We all know that past performance doesn’t indicate future performance, but trying to time the market is what gets people burned IMHO.

For those that think there will be a full-on MadMax collapse, that is fine. But the rest of society will enjoy making reasonable returns on investments (and taking advantage of insanely low fixed-rate mortgages) by managing their money as if the whole world isn’t about to collapse. Don’t get me wrong, there is a space for prepping. And we all are sovereign to decide how big it is. Nobody can tell the future, and I may be wrong. But I much prefer actually investing money and getting a return and not treating my entire financial portfolio as if tomorrow is the apocalypse.

Investable Wealth
11 years ago
Reply to  Daniel

Totally serious. If you held the S&P from 2007 till now then good for you you’re up less than 10% (a lot less counting inflation). NASDAQ has NEVER reached it’s March 2000 peak. I’m not concerned about an apocalypse, I just trade the fluctuations. See my comments about market timing IN THE NEAR TERM and Investor’s Business Daily’s track record: http://www.investablewealth.com/can-you-time-the-stock-market/

Nate
Nate
11 years ago

How about a show on option trading?