FiduciWho Part 2- Grow Your Wealth
In this episode, Leonard delves into the intricacies of rising interest rates in 2024 and their impact on the stock and bond markets, emphasizing the importance of comprehensive financial planning. He explains the relationship between bonds, interest rates, and stock market risk, highlighting that as interest rates rise, bond values decrease, and investors often overestimate their risk tolerance. He also explores the current housing market, where low supply is causing prices to increase despite rising mortgage interest rates. He discusses the benefits of higher interest rates for savers and banks, while cautioning that most people lack the knowledge to invest money properly, often engaging in speculation and gambling. He advocates for a more scientific approach to investing, based on Nobel Prize-winning research, which involves global diversification and a mix of assets. Finally, he addresses the detrimental effects of inflation on wealth and emphasizes the importance of investing in exponentially growing assets and working with professionals to overcome poor investor behavior.
In this episode Leonard discusses:
- Learn about the complexities of rising interest rates in 2024 and their impact on the stock and bond markets
- Understand the relationship between bonds, interest rates, and stock market risk and discover how low housing supply is causing prices to increase despite rising interest rates
- Find out how higher interest rates benefit savers while banks profit from the spread between borrowing and lending rates
- Unlock the importance of diversifying globally and investing in a mix of assets rather than speculating on individual stocks
- Comprehend how inflation erodes wealth over time and how to combat it by investing in assets that grow exponentially
Connect with Leonard Raskin:
Website: https://www.raskinglobal.com/
LinkedIn: https://www.linkedin.com/in/leonardraskin/
Facebook: https://www.facebook.com/RaskinGlobal
Email: lraskin@raskinglobal.com
Leonard’s BOOK: FiduciWho?: What a Real Fiduciary Will Tell You about How to Protect, Grow, Enjoy, and Transfer Your Wealth
Show notes by Podcastologist: Angelo Paul Tagama
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.