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เนื้อหาจัดทำโดย Ben Garves เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดเตรียมโดย Ben Garves หรือพันธมิตรแพลตฟอร์มพอดแคสต์โดยตรง หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่อธิบายไว้ที่นี่ https://th.player.fm/legal
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Should We Prepare for a Market Crash?

3:22
 
แบ่งปัน
 

ซีรีส์ที่ถูกเก็บถาวร ("ฟีดที่ไม่ได้ใช้งาน" status)

When? This feed was archived on February 26, 2024 16:57 (1M ago). Last successful fetch was on August 02, 2022 01:34 (1+ y ago)

Why? ฟีดที่ไม่ได้ใช้งาน status. เซิร์ฟเวอร์ของเราไม่สามารถดึงฟีดพอดคาสท์ที่ใช้งานได้สักระยะหนึ่ง

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 269552416 series 2733758
เนื้อหาจัดทำโดย Ben Garves เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดเตรียมโดย Ben Garves หรือพันธมิตรแพลตฟอร์มพอดแคสต์โดยตรง หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่อธิบายไว้ที่นี่ https://th.player.fm/legal

One of the cool things about branching out from the old WODDITY Podcast is that I get to help you with things that go above and beyond our old CrossFit focus. One of those topics is financial security. In March we watched one of the biggest market roller coasters in the history of our modern financial infrastructure, followed by an almost immediate surge to a 30 percent national unemployment rate. Swings like that affect real people and real jobs.
https://www.bengarves.com/should-we-prepare-for-a-market-crash/

But despite a third of Americans being out of work, the complete halt of tourism with the closure of hotels, resorts, and restaurants, and the near-total grounding of global air travel, the stock markets have recovered and a number of stocks are knocking on record high values.

So wait...is the economy bad? Or is the economy good?

Well, let's start by saying the stock market isn’t necessarily a direct indicator of how good the economy is. It represents the demand for ownership, or stock, of some of the largest companies in the world. Those companies can have business models or products which are quarantine-proof.

Take Amazon, Walmart, Target, UPS, and FexEd, for example. Quarantine has only increased demand for online shopping and product delivery services. On the other hand, a company like Disney lost over $5 billion in projected revenue because their income depends significantly on their network of theme parks and on box office turnout for their films. Both being activities people have taken a step back from.

Then you have a company like Tesla, which has seen its stock jump from $300 per share to over $1,400. All the while, nobody is buying cars. You could argue Tesla was undervalued at $300, or that it’s such a new and exciting business prospect that investors are spending money on it despite a lack of demand for their products.
Either way, we know that with 30 percent unemployment, we’re likely to see a 30 percent decrease in goods made and services rendered, and therefore a potential 30 percent drop in the total value of business conducted in the United States. Which companies are impacted, where, and how deeply, then becomes an educated guessing game. We know the healthcare industry is in high-demand right now. We know fast food and eat-in restaurants are struggling, while meal delivery services are booming.

But, what we cannot see directly represented in the stock market is the struggle of the estimated 30 million small businesses operating in the United States today. Those businesses don’t get the same visibility, but drive a significant chunk of our economy.

Any personal finance guru will tell you that you should be saving money for a rainy day. This is the time to start, if you haven’t started preparing.

Thanks for listening this morning. Please be sure like, rate, review, and subscribe. It’s free to you and means the world to me. I’m Ben Garves, and we’ll chat tomorrow.

  continue reading

175 ตอน

Artwork
iconแบ่งปัน
 

ซีรีส์ที่ถูกเก็บถาวร ("ฟีดที่ไม่ได้ใช้งาน" status)

When? This feed was archived on February 26, 2024 16:57 (1M ago). Last successful fetch was on August 02, 2022 01:34 (1+ y ago)

Why? ฟีดที่ไม่ได้ใช้งาน status. เซิร์ฟเวอร์ของเราไม่สามารถดึงฟีดพอดคาสท์ที่ใช้งานได้สักระยะหนึ่ง

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 269552416 series 2733758
เนื้อหาจัดทำโดย Ben Garves เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดเตรียมโดย Ben Garves หรือพันธมิตรแพลตฟอร์มพอดแคสต์โดยตรง หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่อธิบายไว้ที่นี่ https://th.player.fm/legal

One of the cool things about branching out from the old WODDITY Podcast is that I get to help you with things that go above and beyond our old CrossFit focus. One of those topics is financial security. In March we watched one of the biggest market roller coasters in the history of our modern financial infrastructure, followed by an almost immediate surge to a 30 percent national unemployment rate. Swings like that affect real people and real jobs.
https://www.bengarves.com/should-we-prepare-for-a-market-crash/

But despite a third of Americans being out of work, the complete halt of tourism with the closure of hotels, resorts, and restaurants, and the near-total grounding of global air travel, the stock markets have recovered and a number of stocks are knocking on record high values.

So wait...is the economy bad? Or is the economy good?

Well, let's start by saying the stock market isn’t necessarily a direct indicator of how good the economy is. It represents the demand for ownership, or stock, of some of the largest companies in the world. Those companies can have business models or products which are quarantine-proof.

Take Amazon, Walmart, Target, UPS, and FexEd, for example. Quarantine has only increased demand for online shopping and product delivery services. On the other hand, a company like Disney lost over $5 billion in projected revenue because their income depends significantly on their network of theme parks and on box office turnout for their films. Both being activities people have taken a step back from.

Then you have a company like Tesla, which has seen its stock jump from $300 per share to over $1,400. All the while, nobody is buying cars. You could argue Tesla was undervalued at $300, or that it’s such a new and exciting business prospect that investors are spending money on it despite a lack of demand for their products.
Either way, we know that with 30 percent unemployment, we’re likely to see a 30 percent decrease in goods made and services rendered, and therefore a potential 30 percent drop in the total value of business conducted in the United States. Which companies are impacted, where, and how deeply, then becomes an educated guessing game. We know the healthcare industry is in high-demand right now. We know fast food and eat-in restaurants are struggling, while meal delivery services are booming.

But, what we cannot see directly represented in the stock market is the struggle of the estimated 30 million small businesses operating in the United States today. Those businesses don’t get the same visibility, but drive a significant chunk of our economy.

Any personal finance guru will tell you that you should be saving money for a rainy day. This is the time to start, if you haven’t started preparing.

Thanks for listening this morning. Please be sure like, rate, review, and subscribe. It’s free to you and means the world to me. I’m Ben Garves, and we’ll chat tomorrow.

  continue reading

175 ตอน

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