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1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?

1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?

FromTHE TRUTH ABOUT YOUR FUTURE with Ric Edelman


1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?

FromTHE TRUTH ABOUT YOUR FUTURE with Ric Edelman

ratings:
Length:
7 minutes
Released:
Jan 17, 2023
Format:
Podcast episode

Description

It's Tuesday, January 17th. Do you remember what I told you to do one year ago? Yeah, you don't remember. But I do. Because I was right. I told you one year ago to get out of bonds. I sure hope you did. The Federal Reserve, as you know, raised interest rates more quickly last year than at any time since the 1980s. And the result was that bonds ended up having their worst year ever. Yeah. 10 year Treasuries lost more money last year than in any year since 1788. Treasuries, in fact, not only lost a lot of money last year, they lost a lot of money the year before that. Two years in a row, the bond market fell in value. The last time that happened was 1959. Bitcoin can recover; your bonds can't.-----Today’s sponsors:Global X ETFsInvesco QQQ-----Subscribe to podcast updatesThe Truth About Your Future websiteHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page
Released:
Jan 17, 2023
Format:
Podcast episode

Titles in the series (100)

Ric Edelman is the nation’s most acclaimed financial advisor, the #1 New York Times bestselling author of 10 books on personal finance with more than one million copies in print in seven languages, and founder of the nation’s largest financial planning firm, ranked #1 for quality by Consumer Reports. Every weekend, Ric gives you the information you need about the five personal finance topics that matter most today: longevity, retirement security, exponential technologies, digital assets, and health & wellness. Using his trademark humor and unique delivery, Ric makes complex topics easy to understand – as only he can! Ric was ranked three times as the nation’s #1 Independent Financial Advisor by Barron’s, and he’s in both Research Magazine’s and Barron’s Financial Advisor Halls of Fame. He’s also recipient of IARFC’s Lifetime Achievement Award. Investment Advisor, RIABiz and InvestmentNews all named him one of the most influential people in the investment management profession – and he’s been named six times by TALKERS as one of the HEAVY HUNDRED – the 100 most important radio talk show hosts in the country! Tune in to Ric’s show every weekend for the knowledge you need to achieve financial success! For more information, visit www.thetayf.com