Stansberry Research | Don't Let Money Be Your Master Warns Jared Dillian @StansberryMedia | Uploaded November 2023 | Updated October 2024, 16 hours ago.
Dan and Corey kick off the show by giving a sneak peek at their list of 10 things that would
surprise investors in 2024 and where they predict the markets are headed. Specifically, they
discuss the unassailable Magnificent Seven – which are "priced for more than perfection" –
and why the high valuations aren't sustainable. While the other "Unmagnificent 493" stocks
in the S&P 500 Index are essentially flat and it's "still a bear market for everything else," the
Magnificent Seven have screamed higher. Dan warns that they're not safe. (0:40)
Afterward, Jared joins the conversation and gives some tips on how to make finance less
stressful. He shares that it's important to not cut out small luxuries that bring you happiness,
like a Starbucks coffee every now and then. Rather, he says to focus on cutting costs for the
bigger items. He also explains that being too conservative with your money can be
detrimental. (17:12)
The conversation shifts to discussing the two main sources of financial stress: debt and risk.
Jared explains that these sources of stress aren't correlated with how much money you have
and instead are entirely based on how you structure your finances. (26:33)
Jared then talks about the market as a whole and shares some predictions. He covers why he
has been focused on the bond market for the past six months, why he expects a recession
next year, what he thinks will happen to Treasurys and interest rates, and the psychology
behind inflation. (32:22)
Lastly, Jared details why he owns essentially no U.S. stocks and instead has his money in
Argentine stocks. Plus, he describes another emerging market that presents a "huge
opportunity" for investors. As he says, "There's other places in the world to go where there's
a lot more growth that are a lot more promising." Don't miss his thoughts on the best way to
get exposure to that potential growth story. (49:50)
Dan and Corey kick off the show by giving a sneak peek at their list of 10 things that would
surprise investors in 2024 and where they predict the markets are headed. Specifically, they
discuss the unassailable Magnificent Seven – which are "priced for more than perfection" –
and why the high valuations aren't sustainable. While the other "Unmagnificent 493" stocks
in the S&P 500 Index are essentially flat and it's "still a bear market for everything else," the
Magnificent Seven have screamed higher. Dan warns that they're not safe. (0:40)
Afterward, Jared joins the conversation and gives some tips on how to make finance less
stressful. He shares that it's important to not cut out small luxuries that bring you happiness,
like a Starbucks coffee every now and then. Rather, he says to focus on cutting costs for the
bigger items. He also explains that being too conservative with your money can be
detrimental. (17:12)
The conversation shifts to discussing the two main sources of financial stress: debt and risk.
Jared explains that these sources of stress aren't correlated with how much money you have
and instead are entirely based on how you structure your finances. (26:33)
Jared then talks about the market as a whole and shares some predictions. He covers why he
has been focused on the bond market for the past six months, why he expects a recession
next year, what he thinks will happen to Treasurys and interest rates, and the psychology
behind inflation. (32:22)
Lastly, Jared details why he owns essentially no U.S. stocks and instead has his money in
Argentine stocks. Plus, he describes another emerging market that presents a "huge
opportunity" for investors. As he says, "There's other places in the world to go where there's
a lot more growth that are a lot more promising." Don't miss his thoughts on the best way to
get exposure to that potential growth story. (49:50)
