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#1404 Phil Rosen & Anthony Pompliano on Why Bitcoin & Stocks Are Crashing (And What To Do)
The Pomp Podcast
Invest Long, Prosper More
September has historically been the worst month for the S&P 500, averaging a 0.7% loss over 75 years, yet investors remain optimistic and bullish on stocks. Retirement accounts are thriving, with record amounts being invested in the market, as evidenced by the S&P 500 reaching nearly 40 record highs this year and a new peak in 401k accounts at Fidelity. A significant 42% of financial assets are currently allocated to stocks, indicating heightened investor confidence. This trend reflects the transformative power of the US stock market, considered the ultimate millionaire-making machine, rewarding those who invest consistently and with a long-term perspective.
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