AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Equity Mates Investing Podcast
How the US election will impact your portfolio, Owen Rask reveals his portfolio & shackles are off at OpenAI
Oct 6, 2024
In this discussion, Owen Rask, the founder of Rask and chief investment officer of Rask Invest, reveals key insights from his investment portfolio, including the one stock he continues to hold and his approach to ETFs. He explores how the US elections affect market trends and what investors should consider. The conversation also dives into the impact of US dock workers' strikes on the economy and discusses the implications of OpenAI's transition to a for-profit model. Get ready for some enlightening investment strategies!
34:12
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The ongoing US dock workers strike has the potential to significantly disrupt the global economy and increase inflationary pressures.
- Market volatility tends to peak before US elections, but long-term investment strategies should remain unaffected by electoral outcomes.
Deep dives
Impact of the US Dock Workers Strike
A significant strike by US dock workers, representing around 45,000 members of the International Longshoremen's Association, is anticipated to severely impact the economy. The strike, encompassing 36 ports along the East Coast and Gulf Coast, is projected to cost the US economy $5 billion daily, reflecting the critical role of shipborne trade in the nation’s commerce. This disruption may lead to increased prices for goods and potential shortages in retail, with similar ripple effects felt globally, particularly in countries like Australia that rely on US trade. If prolonged, this strike could exacerbate inflation issues already challenging economies worldwide.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode