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Whenever you talk about market corrections, you’ll hear a lot of people saying “it’ll bounce back”, as everything will get back to normal. It’s good to have a positive mindset in situations like this, but you also have to consider what actually happens when the market returns after a correction.
Key Talking Points of the Episode
[01:34] Invest with preREO!
[02:27] What does the stock market really produce?
[04:15] Is discipline enough to get you through retirement?
[05:05] What is the impact of negative returns?
[07:18] What did I realize as a financial advisor?
[08:16] Why is it important to understand the impact of these returns?
[10:54] What is the real return of the stock market today?
[12:50] Why should you consider other alternative investments?
[14:09] What will happen to the market?
[15:20] What’s the worst kind of tax you can ever pay?
[16:25] Why is it a good time for alternative investments?
[18:17] What can you do to save yourself from the correction?
“That’s why I quit being a financial advisor because I realized that financial advisors and all of their clients are following the same exact path which is guaranteed failure.”
“It took them 15 years to get to the point where they can say they broke even because not only were they not getting that full market return, but they were still paying fees on top of that.”
“I don’t have to do the property management. I just take the checks.”
“It’s not like I’m gonna sit back and do nothing but it’s a lot more boring than watching the stock market every day, wondering if my dreams are gonna come true or not."