YOUR MONEY IS IN DANGER | HOW TO PREPARE

Let’s discuss the stock market rally, statistics of millionaires, the recent auto loan problem, and several other economic warnings that have a direct impact on your money – Enjoy! Add me on Instagram: GPStephan

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ALL ARTICLES HERE:
https://news4sanantonio.com/news/offbeat/man-breaks-into-cali-bank-to-heat-up-hot-pocket-gets-arrested-says-it-was-worth-it
https://www.reuters.com/article/us-health-coronavirus-usa-stocksales/u-s-companies-issue-shares-at-fastest-rate-ever-selling-the-rally-idUSKBN2383NG
https://www.cnbc.com/2020/05/27/millionaires-bet-that-stocks-will-take-at-least-another-year-to-recover.html
https://www.cnbc.com/2020/05/28/millionaires-cut-spending-postpone-big-purchases-for-at-least-a-year.html
https://www.cnbc.com/2020/06/02/wells-fargo-cuts-back-from-making-loans-to-independent-car-dealerships.html

FIRST: It was found that US Companies issued more than $60 BILLION worth of stock in May, the BIGGEST amount EVER – as prices rallied from a potential recovery.
Companies sell off shares like this to raise money NOW, and they want to lock in the current rally JUST IN CASE the market drops back down…so, even though the headline is alarming, it makes sense. Companies get more more cash on hand to weather a downturn, they get to sell while people are buying…and even though we COULD see a stock market drop in the future, it doesn’t guarantee prices will go down from here.

SECOND: Wells Fargo and the recent announcement that they’ll NO LONGER be issuing Auto Loans for independent car dealerships.
It’s a smart move for Wells Fargo, but a BAD sign that the used auto industry is about to take an even deeper hit, and most likely for the foreseeable future…getting a loan is going to become a lot more challenging for everyone.

THIRD: Millionaires plan to reduce their spending
I think it’s reasonable that, during tough times…most people reduce spending and postpone purchases. It’s not surprising, either, that many of them think their assets will be the same or HIGHER in the next 6 months.

FOURTH: Nearly two-thirds of millionaires said that it would take the market at least a year to recover back to its previous all time high.
I interpret this as rather optimistic that the market would rebound so quickly. And while it says that they “only plan to put about a third of their money into stocks” – that’s actually a significant amount of money, with the MAJORITY of millionaires ADDING to their stock position during the decline.

FIFTH: CFO’s believe the DOW will fall another 20% down to 19,000
Any rational, NUMBERS DRIVEN person can look at the stock market – compare it’s relative value of where it was, versus where it is now…make the connection with our current economic environment, which is terrible…and then make the conclusion, that we shouldn’t be trading at these levels right now…and they would be right! BUT…there is an element to the market that is totally irrational, money HAS shifted to companies with a strong online presence, and instead of trying to go against it – it’s better to be cautious and invest long term.

SIXTH: Real estate saw the biggest monthly gain in 2 years
HOWEVER…the DECLINE would potentially come once more sellers begin to list their homes for sale…which, could very well happen in hard hit tourism cities like Miami and Florida. And, we could see a drop in sales prices once the reality sinks in that jobs might not come back as quickly as we expect. I’ve mentioned this in a video before, but real estate very much lags the rest of the market, and it’ll likely take us 6 months to see what truly ends up happening TODAY…so, even though there is some optimism here, it’s something to keep a close eye on.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

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