Animal Spirits Podcast

The Envy of the World (EP.383)

13 snips
Oct 23, 2024
The hosts dive into stock market expectations for the next decade, revealing a predicted 3% return. They explore the unstoppable American economy and the surprising wealth of millennials. A unique investment product linked to sports gambling sparks a debate over the fine line between investing and gambling. Youth sports coaching provides personal insights, leading to a discussion on crypto trends and housing market challenges. A fascinating tale of a gambling legend's rise and fall adds a dramatic twist, while humorous anecdotes lighten the mood.
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INSIGHT

Low S&P 500 Return Prediction

  • Goldman Sachs predicts a 3% nominal S&P 500 return over the next decade, a historically low projection.
  • This has only happened during severe economic downturns like the Great Depression, 1970s, and 2008 financial crisis.
INSIGHT

Diversification as Risk Mitigation

  • Diversification is key if worried about market concentration risk or low returns.
  • Consider equal weight, mid-caps, small caps, value, quality, and dividend ETFs.
INSIGHT

Missing Euphoria

  • Despite strong economic performance and stock market growth, there's a lack of euphoria.
  • This may be due to the upcoming election or a shift away from market cheerleading.
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