Money Talks News: The Podcast

Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.

Problem solved. We'll track everything that's happening every day. And every other week or so, we'll condense it all and report everything you need to know, and nothing you don't, in a special edition of the "Money!" podcast.

We're going to recap the news, check in on my personal investments, and generate some ideas and suggestions to make you smarter and richer, all without boring you to death in the process!

As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman.

Want more information? Check out these resources:

• Axios: Hedge Fund Disaster Roils Markets
• Bloomberg: Rising Mortgage Rates Are Starting to Become a Problem
• Barron's: Cathie Wood's Space ETF
• Barron's: 5 Reasons to Get Defensive on Stocks
• CNBC: Jobs report blows past expectations
• Money Talks News' savings account search tool
• Subscribe to the Money Talks News newsletter
• Take our The Only Retirement Guide You'll Ever Need course
• Take our Money Made Simple course

Hosts:

• MoneyTalksNews
• MirandaMarquit.com

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

A 2014 Pew Research Center study asked 2,000 experts about how technologies like robotics and artificial intelligence (AI) would affect jobs. About half said a significant number of jobs, both blue and white-collar would be gone, potentially resulting in massive unemployment, income inequality and a complete breakdown of social order.

While we're used to factory jobs being lost, the rise of AI will be vastly more far-reaching. In 18 Jobs That Are Most Likely to Be Killed off by Computers, we listed jobs in jeopardy ranging from equipment operators to physicists. Computers equipped with AI are now even writing articles like this one, so journalism jobs could also one day follow dial phones and camcorders into history.

But it's not all doom and gloom. Some futurists are suggesting that by letting robots and AI handle much of the work that humans currently do, the new economy could provide a universal guaranteed income, thus freeing humans to be more creative and productive.

So which is the likely outcome: Dystopian hellscape or a free-money Nirvana? That's what we're going to explore in this week's "Money!" podcast.

As usual, my co-hosts will be financial journalist Miranda Marquit and producer Aaron Freeman. Our special guest for this episode will be Dr. Anthony P. Carnevale, Professor and Director of the Georgetown University Center on Education and the Workforce.

Want more information? Check out these resources:

• 18 Jobs That Are Most Likely to Be Killed off by Computers
• 5 Ways to Outsmart the Robots That Are Stealing Our Jobs
• What Happens If Artificial Intelligence Puts Us All Out of Work?
• Organization for Economic Cooperation and Development: The Risk of Automation for Jobs in OECD Countries
• McKinsey Global Institute: Jobs Lost, Jobs Gained:  Workforce Transitions in a Time of Automation
• Fast Company: How Soon before Your Job Is Done by a Robot?
• Oxford University: The Future of Employment: How Susceptible Are Jobs to Computerisation?
• Subscribe to the Money Talks News newsletter
• Take our The Only Retirement Guide You'll Ever Need course
• Take our Money Made Simple course

Hosts:

• MoneyTalksNews
• MirandaMarquit.com

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

magine you bought 100 shares of stock at $1 per share 10 years ago, back in 2011. And say your stock did exceedingly well, compounding at 20% per year. Result? Your $1,000 original investment would be worth $6,192; six times what you put in. Well done!

Now imagine that instead of stock, you'd put the same $1,000 into Bitcoin 10 years ago. What would that be worth today? As I write this, about $55 million.

That's right. One bitcoin went for as little as $1 back in 2011 and today (March 17, 2021) they're changing hands at more than $55,000. Bitcoin rose more than 200% per year, every year for the last 10. Ever heard of anything like that?

Me neither.

Depending on who you talk to, bitcoin is smoke and mirrors -- a complete hoax -- or it's an investment that's still in its infancy. Think today's price is insane? There are folks who think it will one day be worth more than $1 million.

So, what's an investor to do? Jump on board before the train completely leaves the station? Invest in other, less expensive crypto-currencies? Or should you simply run the other way?

That's what we're going to attempt to determine in this week's "Money!" podcast. 

Want more information? Here's additional reading:

• Ask Stacy: Should I Buy Bitcoin?
• New York Times - What is a Blockchain? Is It Hype?
• Business Insider - A crypto 'fear and greed' indicator is flashing a warning signal that shows investors are being greedy as top cryptocurrencies hit record highs
• MarketWatch - Don't fall for the bitcoin bubble, even the Flintstones had a better system, warns economist Nouriel Roubini
• CNBC - Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say
• Forbes - Bitcoin Crash 2021: What Next?
• Business Insider - An early bitcoin investor says the best time to buy is when nobody's talking about it - and warns this isn't the first crypto bubble
• University of Melbourne: Behind the Bitcoin Bubble
• US NEWS - 10 Ways to Keep Your Cryptocurrency Safe
• Consumer Reports - How Safe Is Bitcoin, Really?
• Subscribe to the Money Talks News newsletter
• Take our The Only Retirement Guide You'll Ever Need course
• Take our Money Made Simple cours

Hosts:

• MoneyTalksNews
• MirandaMarquit.com

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

I've been offering financial advice professionally for 40 years, since I started work as an investment adviser in 1981. I'm also a millionaire several times over.

During my time in the trenches, I've heard every conceivable piece of financial advice, acted on many and offered a few of my own.

In this week's "Money" podcast, we're going to explore the best of the best — a few simple techniques you can use that will absolutely, positively make you richer and quite likely, a millionaire.

Don't expect some magic formula; there isn't one. What there are, however, are proven techniques that worked for me and will work for you as well.

Want more information? Check out these resources:

• The 10 Golden Rules of Retiring Rich
• 18 Keys to Retiring Earlier Than Your Peers
• 5 Simple Steps to an Awesome Retirement
• The Only Retirement Guide You'll Ever Need
• 7 Mistakes Guaranteed to Ruin Your Retirement
• Subscribe to the Money Talks News newsletter
• Take our The Only Retirement Guide You'll Ever Need course
• Take our Money Made Simple course
• CNBC: 10 money rules that helped me become a millionaire at 28
• Forbes: How To Become A Millionaire
• Bankrate: How to become a millionaire: 7 steps to reach your goal
• Entrepreneur: 10 Tips to Become a Millionaire This Year
• Entrepreneur: 11 Ways Successful People Think Differently Than You

Hosts:

• MoneyTalksNews
• MirandaMarquit.com

Ask us a question

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

Having money in a rapidly rising market, especially if it's lots of money, can make you feel rich. On the other side of that sword, however, is the panic you feel when things start coming apart.

I've been investing in stocks for 40 years, and I don't recall a time more volatile than what we've endured in the last year, and especially over the last couple of weeks.

Last February, the Dow Jones Industrial Average was at about 30,000. A few weeks later in mid-March, it dipped below 19,000, a head-spinning decline of 37%. And since that time, it's been on a tear. We regained, then exceeded, Dow 30,000, and it's been mostly in a straight line, except for a few quick, minor dips.

Until recently, that is. One day the market is up 500, the next down 700. It's been a roller coaster, with some of the biggest bubble stocks (e.g. Tesla) down 20% or more from their highs.

What's going on? Well, if you listened to the podcast we recorded January 28 of this year, Is the Stock Market in a Dangerous Bubble?, you'd know exactly what's happening. In that episode, I told you to watch for rising interest rates, because rising rates are often the pin that pops a stock bubble. And rising rates are what's behind the recent market mayhem.

At the end of January, the rate on the 10-year Treasury bond was barely above 1%. Now it's above 1.5%. Still low, but that's a 50% move in a little more than a month.

I also told you in the same podcast that the stocks most vulnerable to market corrections would be the highest flyers, like Tesla and big tech stocks. That too was sound advice. As rates have recently risen, these are the stocks that have been hammered the most.

So that's where we are and where we've been. The question now is, where are we going? That's what we're going to attempt to determine in this week's "Money!" podcast. 

Want more information? Here's additional reading:

• Motley Fool: Investing in Value Stocks
• Nerdwallet: Growth vs. Value Investing
• Bloomberg: Tech Stocks Lose $1.6 Trillion in Worst Streak in Six Months
• Bloomberg: Crash Landing on Stock Heroes of Yesteryear Is Worst in a Decade
• Subscribe to the Money Talks News newsletter
• Take our The Only Retirement Guide You'll Ever Need course
• Take our Money Made Simple course

Hosts:

• MoneyTalksNews
• MirandaMarquit.com

Ask us a question

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

After exhausting debate, The American Rescue Plan Act of 2021 is finally about to be signed into law.

The legislation was passed on a strict party line basis. Every democrat voted for the bill; not a single republican joined in.

Whether you feel the package is an economic necessity (most democrats) or a spectacular waste of taxpayer money (most republicans), there's one thing we can all agree on: It's very long (nearly 600 pages), it's complicated, and it's costly: close to $1.9 trillion. Here's what that looks like as a number: $1,900,000,000,000. (According to Kiplinger, just $1 trillion would buy nearly 42 million cars, pay 18 million teachers for a year, or Lebron James for 50,000 years.)

So where's all this money going? That's what we're going to attempt to determine in this week's "Money!" podcast. 

Want more information? Here's additional reading:

• Motley Fool: Investing in Value Stocks
• Nerdwallet: Growth vs. Value Investing
• Bloomberg: Tech Stocks Lose $1.6 Trillion in Worst Streak in Six Months
• Bloomberg: Crash Landing on Stock Heroes of Yesteryear Is Worst in a Decade
• Subscribe to the Money Talks News newsletter
• Take our The Only Retirement Guide You'll Ever Need course
• Take our Money Made Simple course

Hosts:

• MoneyTalksNews
• MirandaMarquit.com

Ask us a question

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.