In this episode Jake and Kirk discuss the Robinhood app, a new global phenomenon where millions of people can trade in individual stocks with just a few dollars. Jake discusses how to think about using this app in your financial portfolio, and whether or not it is healthy to use it as an important investment tool.
Jake and Kirk discuss FAANMG (Facebook, Apple, Amazon, Netflix, Microsoft, Google) and ask the question: Is the rise of these enormous corporation a sign of a dystopia? We discuss what a dystopia is and some of our favorite dystopian novels. They also come to a very insightful idea about how reading dystopias can help you plan for your financial future.
Do you plan on retiring? Many Americans are beginning to believe this will be a dream they never achieve? In this episode Jake and Kirk discuss the idea of retirement, and some alternative ways to achieve “retirement,” without actually “retiring.” Also, Kirk proposes a plan to solve all of our social security and college debt problem.
Is it a bad thing? Jake and Kirk discuss an article about the biggest tech companies in the world, “FAANMG” Facebook, Apple, Amazon, Netflix, Microsoft, Google. These six companies collectively are driving the US economy, despite the actions of the U.S. government. Can there be positives in this trend? Tune in and share your thoughts.
Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved.
With the pandemic, protests and civil unrest, many people are asking big questions about the future of our world. One of those questions has to do with the way in which we invest. Investing for pure financial gain may only be one way that future investors may be thinking about their investments. Some investors—perhaps you?—may be interested in investing with their hearts and minds rather than solely their wallets. Tune in to hear about new investment tools being developed for that purpose.
On this episode Jake and Kirk discuss an article by the New York Times which gives financial guidance to young professionals during this pandemic. Kirk explains some of the lessons he has learned as well. Some of the guidance given may sound familiar, but there are some profoundly new perspectives to consider.
Here is the article: https://www.nytimes.com/2020/08/29/at-home/manage-finances-save-money-millennials-coronavirus.html
On this episode Jake and Kirk will be reacting to a clip from the Joe Rogan Experience with guest Peter Schiff. Joe and Peter discussed various aspects of the effects of shutting down the economy, from monetary effects to commercial real estate and more. You’ll be able to hear this clip from Rogan and hear Jake and Kirk’s responses and commentary.
In this episode Jake and Kirk explore aa graph that shows how various groups of Americans are spending the trillions of dollars that has been injected into the economy.