We're at a pivot point in the economy, says Rockefeller Capital Management’s Greg Fleming
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- Greg Fleming, Rockefeller Capital Management president and CEO and former Morgan Stanley Wealth Management president, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, and more.
Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name LUCIA ALICIA CRUZ. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Rate cut to zero? thats not true it cant drop that fast. Although,I'm not taking any chances leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Could you possibly recommend a CFA you've consulted with?
Her name is Jessica Lee Horst can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?
The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.
@@RhondaArmstrong-y4d First two years, I lost money until I got my sea legs. My portfolio is well-matched by a certified financial planner for every season of the market, and just recently hit 7 figures after 5 years of subsequent investments. I'm retired and never leaving the market.
@@JacobReynolds-t7v Congrats! The market to me is like a lucrative chess game, incredibly difficult to outperform, it's all about understanding how the world moves, its history, and psychology... mind disclosing info about your CFP? I'm quite curious.
@@JoeWilmoth-k2w She goes by the name ‘Victoria Carmen Santaella’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finances, but so glad I did.
@@JacobReynolds-t7v I feel thrilled about this, curiously inputted Victoria Carmen Santaella on the web, and spotted her consulting page ranked top. I've seen commentaries about advisors but not one looks this phenomenal.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
How can I safeguard my investment portfolio amidst the economic crisis? The volatile market conditions have significantly affected my $600,000 portfolio. how can I rescue this situation?
Investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I'm pleased with the advisr's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.
“pivot point” means a critical point beyond which the market will decisively turn up or down, just don’t know which and for how long. Thanks genius!
USA have $35 trillions in debt and millions of homeless.
USA is running a $1 trillion trade deficit.
I don’t know how USA can settle its debts and normalizes the economy.
USA needs to balance its books ……and sell more services and goods.
USD is way way too high.
Taxation and interest rates back high in a few years to fund US Debt. Just wait. "You'll own nothing and be happy" . Blackrock losing pennies.
but goods imported into usa are cheaper coz they r manufactured in china, compared to the same goods if manufactured in usa.
When everything is run off debt and fake numbers, it's much deeper than that
Harris & Biden are running staggering -7% budget deficit, to avoid bad times. They will loose election otherwise. I guess they turn it off after election.
The USA can always raise taxes as the tax is very low for Advance Economy. I am paying in the USA 15% tax for very standard income When I was living in Europe I was paying around 46% tax and lower income. So the USA debt is really due to low taxes. China is the same as the USA, with low tax in China but now that growth in China is slow under 5% it will need to raise tax or accumulate debt.
The USA is like 12 years ahead of China in accumulating large debt from 2008 and China from 2020. As China becomes an Advanced Economy, where growth is much much slower they will also need to decide, either accumulate debt or raise taxes.
The USA has 653k homeless not 1 million but most of these people are taking drugs from what I know, I was in China in 2017 and I also saw people on alcohol in the park. It is not as bad as the US or Europe or Brazil but it is a global issue.
US has to rein in spending and like they are saying here, unfortunately it will be forced at some point.
“Stay with the plan” so Greg and his boys can collect their fees.
Becky asked about the elephant in the room. Our debt will be our undoing.
Alternatively, we can pay off our debt and begin to build infrastructure again in this country. Let the world handle itself make peace with Russia and China.
I watched this guy live this morning. I'm glad it popped up in my feed. I enjoyed his worry about the national debt.I think it's Time to move to Portugal before the riots begin.
What makes you think Portugal would be any better?
Deleveraging is coming
Thank you, yes it is.
what about a FRED chart like "Household Debt Service Payments as a Percent of Disposable Personal Income" and " Mortgage Debt Service Payments as a Percent of Disposable Personal Income" ???
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?
Diversify… T bills, CDs, Gold, Stocks, Municipal bonds, Bitcoin, Real estate, etc assets speak when cash has no value
I would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.
Truth is, investing with the help of a financial advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
@@beautifulpeoplealways bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now... mind if I look up the professional guiding you please?
Personally, I've stuck with ‘’Katherine Nance Dietz” for 4 years now, and her performance has been consistently impressive. She’s quite known in her field, you can confirm her on the internet.
You will never get a broker to tell you to liquidate your portfolio
sit on the sidelines and don't pay us please
@@lukewormholes5388 you're a nobody.
Don't forget about the inverted yield curve
we are up 300% since 2012, not 500%. This dude is lying on tv
Huh? Not based on the S&P. It’s up way more than 300% since 2012.
the annual interest paid to China, approximately $15.4 billion
Nothing compared to Ukraine spending
Largest layoffs since 2009 . FED better cut rates 100 basis points.
We need to stop helping all these countries and help ourselves first.
Says the guy with a picture of Africa.
Hmm I notice you do not discuss billionaires paying less % then middle class & corporations making billions in profits outsourcing in other countries. $hame
Why not cut rates by .5?
Pros:
-Stop bank collapse
-Boost GDP
-Boost small cap stock
-Prevent mass layoff and unemployment
-People can payoff credit card loan
-Prevent increase foreclosure
-Reduce budget deficit from interest payment
Cons
-Inflation spike (less likely since oil price going down unless more crazy gov spending)
Cut services to ordinary Americans so that the rich can stay rich. Got it.
Cut social security is what they always threaten
This guy knows what he is speaking about
He is spot on, the problem is on the spending side. Government giving out money like it’s candy
We know all of this already, but that doesn’t mean it’s going to change anytime soon.
He sounds super nervous! De doesn’t want his clients to sell but they will
US is not in the war, you should asking Putin and Hamas stopping the war, they started.
@@freedomlife3623 you don't know your history smooth brain
4:16 which services can the US government not provide to foreign nations and NGOs also! We need to cut back on 800 foreign military bases. Stop all foreign aid, no money to NGOs, no money to Palestinians, no money to Ukraine, no money to the UN, no money to NATO, no money to charities. Cut defense, raise taxes on top 2%, raise inheritance taxes on estates over 20 million, tax life insurance payouts, eliminate cost basis step up on inherited stock, etc
RAISE TAXES!
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As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
Meredith Lindshaw
WOW!!! You know her too? I'm also a proud beneficiary of her platform
45k profit on weekly basis.
I was even thinking that I'm the only one She has helped walk through the fears and falls of trading.
Stop the war! Vote whichever party that oppose the war!
You are talking to Putin right?! All he has to do is leave the country he illegally invaded and go home and this will all end.
It was very interesting to hear that during this interaction, the question was asked as to what services the government is going to cut to reduce government spending. The easy answer is, "Let’s stop all these wars, and you’ll see how much money we’re going to be saving."
Reduce spending and increase taxes.
What does that mean " pivot point" anyone ??
The reports on Friday .. then the election results
It means cough cough get out
He literally said “we are at pivot point” cough cough 😷
@@ganeshr4371 and what do you know…
Tax the rich! It’s just math.
It's simple, each year cut spending by a couple of points across the discretionary budget, while maintaining taxes where they are. Hard pill to swallow but easy mathematical solution.
I agree.
military cutS will never come up but we have been for the past 30YEARS spending more than the next 7-10 countries COMBINED
We can NO LONGER AFFORD the financial system, which provides very little value to the average American. Rich casino players will have to PAY MORE.
These people don’t care when it’s deficit spending and quantitative easing to bail them out of bad speculative investments. But if it’s spending to help people, then it’s a problem. 😒
Math. Interesting point. Isn’t it possible to balance the equation by increasing government revenue? Budgetary reductions are not the only way to solve the so-called problem, don’t you think?
And how do you propose increasing revenue? 😂
@@Kinetic754Tax everyone of course lol
Ugh 😑
@@Kinetic754make the wealthy pay their fair share, period. In tax rate, average middle class income earner are paying much higher rate than Billionaires and Millionaires.
There are lots of ways to increase revenue. Taxes is an obvious one, but charging FMV for grazing rights, oil rights and other assets in the public trust is another possibility.
@@freedomlife3623 those people own congress. Do you think they will let that happen?
Reduce global conflicts involvement and stop creating new ones, that would greatly reduce expenses and maybe start paying down the debts, while focusing on developing and improving national programs.
Is he suggesting the US Will default on the debt?
Everyone wants cuts until you say “great let’s start with foreign aid” and suddenly we are back to never mind spend spend spend
I'm favored financially with Bitcoin ETFs approval, Thank you buddy.$32,000 weekly profit regardless of how bad it gets on the economy.
Problem isn't revenue, it's spending?
Spoke like an ultra rich guy who doesn't want to pay his fair share of taxes...
The burden should not be on middle-class people. They should not be cutting life-saving services. Ultra wealthy people need to start paying modest tax on their wealth, globally.
Good luck with that. Any wealthy person will move money to where it's not taxed. Duh...wouldnt you if someone told you your money was taxed at %50 more... wealthy are just people amd smarter than average so yes they will also
Tax havens should be subjected to sanctions and possibly a military blockade!
@@DSandy111liberals becoming more fascist by the day
No thanks to global government. You could take everything from every billionaire on Earth and it wouldn’t solve the US deficit. The US govt provides almost no useful “services” to the vast majority of its citizens. Today, the only thing it can do effectively is take or print dollars and give them out.
@@DSandy111haha good luck. Trillions are stored there. The same people who influence the laws have their money stored there. It will never happen grow up
Jerome Powell is extremely incompetent and needs replaced immediately. I think a maintenance man in Alabama is smarter.
Bread line anyone?
Maybe stop the freaking wars and start closing some of those 900 military bases
Pentagon LOL
Cut everything 10%. Problem solved
Hi I'm Greg and I need welfare from the Federal Reserve. Sure I'm rich but focus on what really matters: My future yacht!
How about cutting services to Ukraine and illegal immigrants
Buy Kyd 7billion; PHILLY..
A big crash is coming. Probably in 2025.
“pivot point” aka means nothing at all.
Rate cuts commenced in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
Off the back of my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for the lead, searched Grace by her full name and at once spotted her consulting page, she seems highly professional having over 22 years of experience. amazing!
No I think we need to raise taxes on the wealthy, not cut spending for the poor, even if there are negative effects on the stock market.
Love how they all assume that the tough decisions come exclusively around "what to cut?" No one stops to ask if they couldn't raise more tax.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my busy schedule, I struggle to find time for in-depth investment analysis. For the past seven years, I have entrusted a fiduciary to oversee my portfolio, effectively adjusting to market fluctuations and providing valuable insights for strategic decision-making. I highly recommend considering a similar approach for those seeking successful financial navigation and well-informed investment choices.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.