The Investopedia Express with Caleb Silver

The Money Advice No One Ever Told Us From Your Rich BFF

Dec 4, 2023

Vivian Tu, one of the most followed Fin-fluencers on social media, shares personal finance and wealth building secrets. Topics include the speculation on Fed rates, momentum in the stock market, mindset change needed to build wealth, making generous purchases, choosing a lucrative side hustle, and the difference between being rich and being wealthy.

33:32

Episode guests

Vivian Tu

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Episode notes

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Quick takeaways

The stock market had significant gains in November, with the S&P and NASDAQ experiencing their best monthly performances since July 2022, while bond yields cooled and fixed income investments thrived.

Despite optimism about the possibility of the Fed cutting rates, Fidelity's Jurian Timmer warns that historically, transitions from rate hikes to a 'soft landing' strategy have often led to significant market downturns, suggesting potential risks to the stock market and overall economy.

Deep dives

Market Highlights: Stocks Rally, Inflation Abates

The stock market experienced significant gains in November, with the S&P and NASDAQ rallying 8.9% and 10.7% respectively, marking their best monthly performances since July 2022. Bond yields cooled, sparking a strong month for fixed income investments. Risk appetite returned, as investors believed that the Fed may cut rates earlier than expected, despite Fed Chair Jay Powell stating otherwise.

Introduction

2min

Speculation on Fed Rates, Momentum in Stock Market, and Expectations for Better Earnings

4min

From Wall Street to Social Media: The Rise of 'Viv 2'

5min

A New Book and a Mindset Change on Wall Street

2min

Making Generous Purchases and Choosing a Lucrative Side Hustle

2min

Being Rich vs Being Wealthy

16min

Vivian Tu, aka Your Rich BFF, joins The Express to talk about how she became one of the most followed Fin-fluencers on social media, and shares the personal finance and wealth building secrets no one ever bothered tell us. Her new book, “Rich AF, The Winning Money Mindset that Will Change Your Life”, is full of those tips, and available for order now. Plus, investors are going to miss November which was just as sweet for bond investors as it was for stock bulls. Should we be curbing our enthusiasm about the Fed possibly cutting rates sooner than expected?

LINKS FOR SHOW NOTES

https://www.atlantafed.org/cqer/research/gdpnow

https://www.fidelity.ca/en/insights/market-updates/timmermarketreport/

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8409428

https://www.instagram.com/your.richbff/?hl=en

https://www.yourrichbff.com/richaf

https://www.investopedia.com/charlie-munger-buffett-s-right-hand-man-dies-at-99-8407672

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