Broker Check

Sound Financial Group - Bothell, Washington

 

SFB055 The Media May be Misguided on Market

| February 14, 2017
Share |

Listen Here

Subscribe Today

 

Episode Summary

Financial sectors and other media outlets have been reporting that a Donald Trump Presidency will badly affect the stock market. How true are some of these statements, though? To be clear, this podcast episode has nothing to do with Trump himself and his administration, instead, it dives into a biased financial media that profits off your moving your money elsewhere.

What Was Covered

  • 02:55 - This election season has been a very surprising one.
  • 03:10 - Katie Reiley of Fortune.com reports that Donald Trump will cause the stock market to fall.
  • 03:55 - This episode is not about Trump, it’s about the media’s conversation about the stock market.
  • 04:45 - Remember: Financial institutions benefit when you move your money.
  • 06:15 - Mark Cuban bet that the market was going to go down with a Trump win.
  • 07:20 - Stock market cautions don’t just come from the media, but they also comes from our well-intentioned uncle and neighbor.
  • 07:40 - We have to double-check opinions with facts and analysis.
  • 08:20 - Don’t let opinion force you to take an uninformed action.
  • 09:40 - Have clear financial goals, and then make informed decisions based on those goals.

Tweetables

"When we’re investing, the best thing we can do is first figure out our own personal strategy."

"Will [these claims] hold up to both math and scholarship?"

"It’s interesting to see how sure people are on what the market is going to do, and none of them really know."

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – Sound Financial Bites
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Related Links

Attachments

Share |