Is Your Wealth Prepared for Global Uncertainty?

Financial Detox® Show

Welcome to Financial Detox with your hosts, Jason Labrum and Alex Klingon Smith. In this episode, we dive deep into the current financial landscape, discussing the importance of detoxifying your financial life and managing your wealth for maximum impact. From understanding market volatility and the fragility of global markets to the intricacies of the Japan carry trade, we cover it all. Join us as we delve into: • Market volatility and its implications • The importance of being financially detoxified • Analyzing global market trends and investor sentiment • Strategies for managing wealth in uncertain times 00:00 - Introduction: Welcome to the Financial Detox Show 00:39 - Importance of Avoiding Toxic Financial Advice 01:48 - Discussing Market Volatility and Japan’s Economic Moves 03:00 - Financial Detox: Understanding Investor Behavior 05:18 - Navigating Geopolitical Turmoil with Your Finances 07:05 - Market Reactions to Interest Rate Changes and Global Risks 10:00 - The Impact of War with China on Inflation and Financial Markets 14:10 - Discussing Investor Psychology and Behavior 18:15 - Historical Market Resilience Through Crises 22:40 - The Role of Social Media and News in Investor Decision Making 26:00 - The Dangers of Cognitive Bias in Media Consumption 30:15 - Staying the Course: Why Long-term Investing Works 35:00 - Historical Data: Market Performance After Worst Days 40:00 - Wrapping Up: Key Takeaways and Staying Diversified 42:11 - Upcoming Topics: Generational Wealth Planning 43:19 - Closing Remarks and How to Stay Connected Source: https://www.capitalgroup.com/individual/planning/investing-fundamentals/time-not-timing-is-what-matters.html

More on Jason Labrum https://www.linkedin.com/in/jasonlabrum/ and Alex Klingensmith https://www.linkedin.com/in/alex-klingensmith-cfp%C2%AE-94986b7/ ______________________________ More on Financial Detox: Website: https://www.idawealth.com/financial-detox/ Buy the Book: https://www.amazon.com/Financial-Detox-Achieve-Independence-Maximum-ebook/dp/B0795B2WX4/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr= Subscribe and turn on notifications so you don't miss any videos from Financial Detox: https://youtu.be/o0BzlQxatVE _____________________________ More on IDA Wealth: Website: https://www.idawealth.com/ Linkedin: https://www.linkedin.com/company/idawealth/ Instagram: https://www.instagram.com/idawealth/ Facebook: https://www.facebook.com/IntelligenceDrivenAdvisers #markets #business #stockmarket #investment #money #news #politics #finance #financialplanning ___________________________ Disclosure The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC. The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results. Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change. IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.