Let's discuss the stock market rally, statistics of millionaires, the recent auto loan problem, and several other economic warnings that have a direct impact on your money - Enjoy! Add me on Instagram: GPStephan
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THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
ALL ARTICLES HERE:
https://news4sanantonio.com/news/offbeat/man-breaks-into-cali-bank-to-heat-up-hot-pocket-gets-arrested-says-it-was-worth-it
https://www.reuters.com/article/us-health-coronavirus-usa-stocksales/u-s-companies-issue-shares-at-fastest-rate-ever-selling-the-rally-idUSKBN2383NG
https://www.cnbc.com/2020/05/27/millionaires-bet-that-stocks-will-take-at-least-another-year-to-recover.html
https://www.cnbc.com/2020/05/28/millionaires-cut-spending-postpone-big-purchases-for-at-least-a-year.html
https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.html
FIRST: It was found that US Companies issued more than $60 BILLION worth of stock in May, the BIGGEST amount EVER - as prices rallied from a potential recovery.
Companies sell off shares like this to raise money NOW, and they want to lock in the current rally JUST IN CASE the market drops back down…so, even though the headline is alarming, it makes sense. Companies get more more cash on hand to weather a downturn, they get to sell while people are buying…and even though we COULD see a stock market drop in the future, it doesn’t guarantee prices will go down from here.
SECOND: Wells Fargo and the recent announcement that they’ll NO LONGER be issuing Auto Loans for independent car dealerships.
It’s a smart move for Wells Fargo, but a BAD sign that the used auto industry is about to take an even deeper hit, and most likely for the foreseeable future…getting a loan is going to become a lot more challenging for everyone.
THIRD: Millionaires plan to reduce their spending
I think it’s reasonable that, during tough times…most people reduce spending and postpone purchases. It's not surprising, either, that many of them think their assets will be the same or HIGHER in the next 6 months.
FOURTH: Nearly two-thirds of millionaires said that it would take the market at least a year to recover back to its previous all time high.
I interpret this as rather optimistic that the market would rebound so quickly. And while it says that they “only plan to put about a third of their money into stocks” - that’s actually a significant amount of money, with the MAJORITY of millionaires ADDING to their stock position during the decline.
FIFTH: CFO’s believe the DOW will fall another 20% down to 19,000
Any rational, NUMBERS DRIVEN person can look at the stock market - compare it’s relative value of where it was, versus where it is now…make the connection with our current economic environment, which is terrible…and then make the conclusion, that we shouldn’t be trading at these levels right now…and they would be right! BUT…there is an element to the market that is totally irrational, money HAS shifted to companies with a strong online presence, and instead of trying to go against it - it’s better to be cautious and invest long term.
SIXTH: Real estate saw the biggest monthly gain in 2 years
HOWEVER…the DECLINE would potentially come once more sellers begin to list their homes for sale…which, could very well happen in hard hit tourism cities like Miami and Florida. And, we could see a drop in sales prices once the reality sinks in that jobs might not come back as quickly as we expect. I’ve mentioned this in a video before, but real estate very much lags the rest of the market, and it’ll likely take us 6 months to see what truly ends up happening TODAY…so, even though there is some optimism here, it’s something to keep a close eye on.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
ALL ARTICLES HERE:
https://news4sanantonio.com/news/offbeat/man-breaks-into-cali-bank-to-heat-up-hot-pocket-gets-arrested-says-it-was-worth-it
https://www.reuters.com/article/us-health-coronavirus-usa-stocksales/u-s-companies-issue-shares-at-fastest-rate-ever-selling-the-rally-idUSKBN2383NG
https://www.cnbc.com/2020/05/27/millionaires-bet-that-stocks-will-take-at-least-another-year-to-recover.html
https://www.cnbc.com/2020/05/28/millionaires-cut-spending-postpone-big-purchases-for-at-least-a-year.html
https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.html
FIRST: It was found that US Companies issued more than $60 BILLION worth of stock in May, the BIGGEST amount EVER - as prices rallied from a potential recovery.
Companies sell off shares like this to raise money NOW, and they want to lock in the current rally JUST IN CASE the market drops back down…so, even though the headline is alarming, it makes sense. Companies get more more cash on hand to weather a downturn, they get to sell while people are buying…and even though we COULD see a stock market drop in the future, it doesn’t guarantee prices will go down from here.
SECOND: Wells Fargo and the recent announcement that they’ll NO LONGER be issuing Auto Loans for independent car dealerships.
It’s a smart move for Wells Fargo, but a BAD sign that the used auto industry is about to take an even deeper hit, and most likely for the foreseeable future…getting a loan is going to become a lot more challenging for everyone.
THIRD: Millionaires plan to reduce their spending
I think it’s reasonable that, during tough times…most people reduce spending and postpone purchases. It's not surprising, either, that many of them think their assets will be the same or HIGHER in the next 6 months.
FOURTH: Nearly two-thirds of millionaires said that it would take the market at least a year to recover back to its previous all time high.
I interpret this as rather optimistic that the market would rebound so quickly. And while it says that they “only plan to put about a third of their money into stocks” - that’s actually a significant amount of money, with the MAJORITY of millionaires ADDING to their stock position during the decline.
FIFTH: CFO’s believe the DOW will fall another 20% down to 19,000
Any rational, NUMBERS DRIVEN person can look at the stock market - compare it’s relative value of where it was, versus where it is now…make the connection with our current economic environment, which is terrible…and then make the conclusion, that we shouldn’t be trading at these levels right now…and they would be right! BUT…there is an element to the market that is totally irrational, money HAS shifted to companies with a strong online presence, and instead of trying to go against it - it’s better to be cautious and invest long term.
SIXTH: Real estate saw the biggest monthly gain in 2 years
HOWEVER…the DECLINE would potentially come once more sellers begin to list their homes for sale…which, could very well happen in hard hit tourism cities like Miami and Florida. And, we could see a drop in sales prices once the reality sinks in that jobs might not come back as quickly as we expect. I’ve mentioned this in a video before, but real estate very much lags the rest of the market, and it’ll likely take us 6 months to see what truly ends up happening TODAY…so, even though there is some optimism here, it’s something to keep a close eye on.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Yey
Everyone here should check out Pi crypto, if you don't already have it
use my code: BossNut
I started in october 2019 so I have the fastest rates
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
My new video is CRAZY😯
UNSUBSCRIBED. You're getting annoying now. CLICKBAIT!!!!!!! Stop making videos for the sake of it.
Lecture on what happened to Northern Rock bank
literally any day now were going to hit circuit breakers
Killed that like button
Holy clickbait
Guild makes me like videos (I do enjoy them though)
I am unfollowing because of the clickbaits.
I like your content but those click baits man…
AMAZING Video, Graham. Idk why people complain about the “clickbait” bro you keep doing your thing. I guess those people need step by step or don’t want to buy an accountants consultation. Period
Too many commercials!
What do you think of the Forex market
Should I open a money market account at this time ?
The Wells Fargo joke had me laughing at my desk XD
The inflation already happened. It started in the Stock market and the even bigger Bonds Market. A huge lot of those injected funds were going to this ends. Free money made out of nothing, buying real things. The inflation is already here.
I learned something. 👍🏿
But it takes money to start is this American based?
I was literally eating a hot pocket on my lunch break when I popped this up. worth it.
I can't imagine how deep an unemployed millionaire's internet rabbit hole goes
Awesome video! Have a look at my account and subscribe if you enjoy it 😊
remember when he had good videos? all this recent clickbait bullshit = unsubscribed.
Maybe I am weird but I completely ignore the Clickbait titles. I don't even make judgement before I click one of Graham's videos. I know he puts out good content that I connect with so I assume the video will be good regardless of title. I don't begrudge him for using the same techniques everyone else does to try and play the algorithm game.
Yt algorithm +1
Hey graham and thanks for an epic episode!
The richest stockholders own 90% of the stock market while America experienced record breaking unemployment. It is not reflective of the national economy at all.
Clickbait will be your rise and fall working the YouTube algorithm my friend. Your followers can unmake this channel, quickly.
Haha…talking to yourself in front of a camera…I talk to myself without the camera. 🙂 It's only insane if you answer.