Did We Hit the Market Bottom? (Investors Beware!)

Did We Hit the Market Bottom? (Investors Beware!)





Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[TxHoneyBee]

I LOVE THIS PODCAST! You bring the numbers, keep it real, and never try to fear-monger or clickbait. I loved that bit about how some of the most money savvy people are optimists. I'm a self-proclaimed, glass-half-full kinda gall. That's why I was able to buy my first home this year. This channel literally makes me smarter and more rich. I love the Money Guy Show Team! Thank you!!!

[ryann]

I went hard into Nasdaq-100 index at the end of 2022 and have been rolling in gains. Trust the process

[Kornheiser]

Gotta love what Howard Marks said about being an optimist even in a down market...either you believe there will be a recovery that you don't want to miss, or it will go to zero, and if that happens our investments will be the least of our problems....

[HungriestPanda]

This is Brian Y from the last question. Thanks for answering my question! Name has been updated to LoopHole Mcgee as requested by Bo and Rebie! And also, I am actually maxing out the pretax 401k, Backdoor Roth IRA and Mega Backdoor Roth 401k. I’ve become the guy some coworkers ask for advice on company benefits and finances and have been recommending the Mega Backdoor Roth 401k instead of the backdoor Roth IRA to those who don’t want to do both. Was wondering if this was right, and you definitely answered that!

[Iloveshrek]

Thanks for answering my question! Do I still get a free tumbler? :) I have been reading up on investing these past few months and absorbing all the money guys content I can. Assigning probability that index funds are the most likely to grow over time vs other avenues is a good way to think about it.

[ryancarney-ash]

So is FOOd (financial order of operation details) the new acronym for new listeners that need to get more information?

[xxpowwowbluexx]

LOVE the show!! Y’all ROCK!!

Could I just offer one bit of feedback on the updated look and feel and such? I would suggest dropping the “Money Guy team…out!” line at the end. It’s a little corny/cringy, and I feel like y’all could come up with a much better way to end each episode, whether that’s a consistent line or just ending it with a consistent message that’s stated in a different way each time. I just feel like the line y’all are using now is suboptimal.

Again though, y’all are awesome. Please keep delivering that valuable content.

[Kep]

Wow, that first question 20:14 is what I beat myself up about every day. I'm glad I'm not alone. I understand the rationale, I live in CT, I have a German Shepherd (she's a good girl), my salary is $56, 327. Just doing a roth ira without my employer's match is over 10%, throw in another 5% match, then the HSA, THEN max out the 401k at like 20k. I cant live off of rice and beans for the rest of my life. Thanks for the kind words, bo. I never feel like I'm doing enough.

[Mr_NB]

30:27 with Jim’s question Bo assumes that they are value assets. I.e. ones that you have to sell to get the value out this is not the case with dividend paying assets. When the market went down 25% the dividend percentage increased to account for the drop in the stock value, mice, dividend, payout did not change throughout Covid.

[IRdatank]

I invested a significant sum into my son's college fund during the bear market. Everyone I told called me a doofus. It went down by about 20%. After the recovery, that fund is up an overall 30% from where it started. I invested this money about three years ago.

[Phlegethon]

So when interest rates are 30% markets will be fine?

[same.]

The real question of the day is, Is Bo excited for this episode though?

[Detectken]

Ok. Wasn’t there a live show this week (July 23-29)? If so, why isn’t it available?

[michaelswami]

My opinion is 1. Employer match, 2. Max out Roth and 3. Taxable brokerage before the 401K. Non Roth 401K turns long term capital gains into ordinary income.

[alexandrasalvagni]

@moneyguyshow, can you tell me should I buy my first house or pay off my 15k student loans (4% interest rate) first? It’s my only debt.

[roburb]

Come on Bo, stick with your initial statement! Yes, they're bad at math! HAHA! I know people still paying down a 2.25% mortgage and they're 40 and younger! They have more peace of mind having a mortgage free life with little investments vs having a super large portfolio and a low interest mortgage. I don't get why people let emotion creep in finances when the math is so overhwlemingly in their favor!

[GLRYBGD]

Just found this channel a few days ago & I love it! 😁

[cameronmanicone]

im 24 fresh out of the military in a good career but it doesn't seem like a good time to buy a house. wjat do you think?

[TravelingTheWorld]

One thing I would tell my younger self would be, put as much as possible in Roth! And that you haven't lost anything until you actually sell it.

[garlandofbooks]

Is an HSA worth investing in if a medical sharing type plan would cost significantly less than the employer-provided high deductible plan, like a hdhp that costs 20k+ yearly for the employee premiums portion?