Money Podcast

Money Podcast

WHAT TRUMP & COMPANY KNEW THAT YOU DIDN'T KNOW Were you one of the many Americans who lost money last spring due to COVID-19's effect on the stock market, your investments, and your retirement? Find out about some who may not have lost money and, in fact, may have made money while you lost!

From The New York Times: As Virus Spread, Reports of Trump Administration’s Private Briefings Fueled Sell-Off

What do you think? Write: tom@blowmeuptom.com.

 

HERE WE GO! The weather is starting to turn colder and wetter in those parts of the country where October signals the path to winter and more COVID infections. Election Day is drawing near. And though the stock market is on a dead cat bounce, it's time to prepare for the hard times ahead. What do we need to do right now?

Discuss your opinions with other subscribers just like you by clicking here.

Tell Tom what you think: tom@blowmeuptom.com.

 

NASDAQ CONTINUES TO PLUMMET along with tech darlings such as Tesla and Apple, as Tom has been warning you. Did you take his warnings seriously? What happens next as Fall begins? Find out!

Click here to join Tom's Private Money Group on Facebook. A new EXCLUSIVE benefit for subscribers ONLY! Get regular money news & tips and interact with Tom!

The battle over who is going to replace Ruth Bader Ginsburg on the US Supreme Court is already beginning, as you can see in this piece in the Washington Post. Tom says this will affect the stock market.

This guy doesn't agree with Tom about everything (gold) but his article has got a lot of useful insights.

Money questions? Send them directly to Tom: tom@blowmeuptom.com/

 

THE PSYCHOLOGY OF MONEY Tom talks to blogger Morgan Housel, who has written a brilliant book that explains his sensible perspective on the difference between "getting rich" and accumulating wealth. Do you know the difference? If you're trying to be a successful investor, you need this perspective.

Here is the Wall Street Journal piece that first brought Morgan Housel to Tom's attention: Do You Know the Difference Between Being Rich and Being Wealthy?

Get a copy of Morgan's book, The Psychology of Money.

Get a look at Morgan Housel's blog.

What do you think? Tell Tom: tom@blowmeuptom.com.

 

TOM WARNED YOU THIS WAS COMING The stock market continues its decline. Dow Jones average down 5.45% in just five days. NASDAQ down 8.45% in just a week. Apple down almost 16% in just six days.  And Tesla down a whopping 21.06% in a single day. Did you follow Tom's stock market advice? Or did you stubbornly stay in?

The Nasdaq just marked the fastest 10% plunge in history–again

Tesla falls 21%, worst single-day loss in its history

Money questions? Send them directly to Tom: tom@blowmeuptom.com.

 

THE DISCONNECT BETWEEN REAL LIFE AND THE STOCK MARKET City streets across America are full of homeless people and their tents, cardboard boxes, and used syringes. People are lining up for COVID-19 tests or free food. Yet the stock market continues to advance. What's going on? And what will Tom do next?

<--break->Got a money question? Send it to Tom: tom@blowmeuptom.com.

 

MONEY IN THESE HARDER TIMES Find out what's happening to America's credit card debt during this period of furloughs, layoffs and unemployment. Also, more bad things are happening to Robinhood users. And, remember Tony from Edmonton, Alberta, Canada? He had written Tom following an episode that had inspired him. Hear all about what happened next!

Here's the New York Times article to which Tom refers in this episode.

CNN weighs in here about what's happening to America's credit card bills.

Money questions? Click here to send them directly to tom@blowmeuptom.com.

 

WHAT"S TOM DOING NEXT WITH HIS INVESTMENTS? New COVID-19 cases and deaths have spiked ever since states have begun campaigns to "reopen" their economies. What does this mean for your IRA? Your 401(k)? And any other investments? Find out what Tom JUST DID.

Fragile economic recovery faces first big test 

Got questions? Don't agree? Write Tom now: tom@blowmeuptom.com.

 

YOUNG ROBINHOOD TRADER KILLS HIMSELF Do you use online apps like Acorns or Robinhood to trade the markets? Easy as ordering a pizza on Grubhub, right? Not so fast. Find out how a young trader suddenly thought he was three-quarters of a million dollars in the hole and KILLED himself.

From Forbes: 20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance 

From MarketwatchRookie trader kills himself after seeing a negative balance of more than $700,000 in his Robinhood account

 

AT LEAST ONE LISTENER DIDN'T COMPLETELY GET TOM'S POINT ABOUT INVESTING AND THE PANDEMIC in our last episode. Now, his question is a good one. Listen and find out what he (and maybe you) didn't understand.

JohninLA wrote, "As a long time listener, if I understood you correctly, you regretted selling your positions after the 87 crash. Thereafter, you've taken a disciplined approach of dollar cost averaging into the market. So why are you deviating from your discipline, and selling your riskier assets? You may be repeating the same mistake you made in 87. You're making a lot of assumptions about there being a 2nd surge of Covid cases, and about the riots lasting all summer long. What if you're wrong? What happens if S&P 3000 is the new bottom?"

Here is the previous episode in which Tom talks about what he'll be doing in the stock market and in his life due to COVID-19.

Agree or disagree? Tell Tom: tom@blowmeuptom.com.

 

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