EPISODE · Jan 21, 2019 · 1H 11M
#26 Stocks Suddenly Swag? Market’s on Some Bulllllll-Sh!t with St. James Jackson
from Business News and Other Sh!t · host Amer Abdullah
Oh now Mr. Market is happy again? This is why I’m tellin y’all that stock-pickin ain’t cherry-pickin! You wanna get rich? Stay the damn course and invest every week. You wanna octuple your money? Keep it in the market for 21 years. (Octuple = 8x for dumb asses like me). Join me and my guest St. James Jackson to discuss. We also touch on the effects of the government shutdown - our country’s flying blind right now and we’re losing ~$100 billion per month! My grandma, Zarifa, then comes on to discuss the time she almost hooked up with Jack Bogle (God rest him in peace). Jack was THE OG of the stock market (OG = original gangster). This might be the only dude ever that made more money for regular investors and less money for finance companies. Finally, we discuss WeWork and how their DG CEO Adam Neumann (DG = douche gangster) is screwing over the people that made him rich - his investors - by being BOTH WeWork’s CEO and landlord! WeWork ain’t a Zuck-Bezos-Sergei tech company - they’re a (Trump-like) real estate company. SHOW HIGHLIGHTS: St James shout-out: Laugh Factory this Friday 1/25 for the Young Hustle show. Agenda: Markets, Shutdown, Bogle and WeWork Q4 worst for stocks in a decade. Now we’re rallying!? Markets and fear are intertwined like a DNA helix Don't mistakes your net worth for your self worth Keep investing that 20% even when its scary Compounding returns allow for 2x money in 7 years (and 8x in 20 years!) What to do in crazy markets Auto invest in an SPY index fund $400 per month Tech companies helping to drag the economy down Has Trump done anything good? Government shutdown - the government is one of the biggest spenders in our economy Shutdown shrinks economy .2% every 2 weeks Why did the shutdown happen? State of the union drama between Trump and Pelosi Amer’s grandma Zarifa loves John Bogle - founder of Vanguard - bc he created “index mutual funds” an invention arguably more important than the printing press WeWork-Adam Newman got rich by being on some bullsh!t
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#26 Stocks Suddenly Swag? Market’s on Some Bulllllll-Sh!t with St. James Jackson
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