2018 Stock Market Recap | Phil Town

Thanks for watching!
What do you think the market has in store for us in 2019?

Hi Phil, I read your original book in mabe 2009ish. I setup a watchlist and had a few good prospects. At market lows…….I chickened out. Of all the many many books and trading tactics I read or attempted, and there were many, your book was the only thing that makes sense. It's just really hard waitingfor the right moment and really hard buying in a selloff. So thanks and keep em coming.

Hi Phil, I can't help but feel the equity markets are overvaulued due to low interest rates. There is no where else to get a decent return for the risk. So do the big investors borrow to buy equities in a big way ? Second, have all the stock buybacks propped up equities significantly.

Here on youtube only the best of stock market traders can compete thats why am so confident to have Mr.benjamin as my market analyst and account trader
The market is lucrative of course but proper managing and advanced analysis is recommended

I can only get an idea of what's going to happen a few days in advance, I cannot predict what will happen further out than that.

Phil, I have not reviewed all the comments so this may have been addressed. What is the collective wisdom of taking a small sum of money and buying 1 or 2 year "put options" to ride the market down? Thanks

one of those smart guys.

Hi Phil, appreciate all your insights. When you say washtub and preparing for the market correction, do you mean "stack up on cash" to buy when a good deal presents itself? Just making sure I understood that correctly.

Isn't the best strategy, rather than waiting for a crash, to simply invest the same $ value into a portfolio of stocks or ETFs every single month regardless of the price? Thinking you are ever going to be able to predict when the crash or boom happens is a fool's errand.

I've got the washtub! I'm totally ready and I know what company I'm waiting for….Woo Hoo…

Powerful content.

I'm taking your course as we speak Phil, and I'm so grateful to have come across it, you & your teachings at this particular time…thank you so much for the work you're doing in the world! 🙂

Would this apply to emerging markets such as the cannabis sector?

Omg the elevator story again! ? great video, I already sold 80% of my portfolio includding apple at $215. So excited to wait.

Thanks for giving so advice for what to do with money you already have invested. Appreciated the last video (or this one ) to look at this as a sideways year (rather than down.)

I earned enough to buy a doughnut in 2018. Looks like maybe worse for 2019.

This Advice is HORRIBLE! Phil you can’t give this advice to a retail investor. Warren doesn’t recommend getting out of the market, and just finished reading the intelligent investor by John Bogle, he says the dumbest thing you can do is exit the market for any reason. If you have a lot of capital on hand just collect money. But if you invest in index funds, just keep investing. With dollar cost average you will be ahead. Unless you have risky investments or overvalued stocks don’t pull out. No one knows when it’s coming. Just buy undervalued stocks now and invest in index funds. But why would you pull out. Seriously Phill where does Warren teach that?

Thank you so much. This is a golden chanel!

i put in as much money as possible during the big drop, I am currently very happy with my purchases (and the market will have to tank pretty hard) for me to not be happy with them. in fact if it ever tanks as low as I bought them I will BUY MORE! loving your channel

I know no one can predict the market but how much do you think it will drop? 40%, 50%, 80%???

You said that penny story a million times!!!!!!!!

I never know what he's talking about because i know nothing about smart money management, But i feel like if i keep this on in the background i'm gonna learn by proxy

If I don’t buy individual shoes but only index funds , does it make sense to go cash now and buy later or whAt you have said only applies to buying individual stocks

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My thought is aligned with your thoughts regarding market performance. I am looking at the DOW 30 chart, the Shiller P/E chart, and the Wilshire GDP chart, which all indicate that things don't look good for 2019, especially in the intermediate term.

I'm very, very new to this. I'm 53, and I grew up under a Great-Depression-era father, so naturally, I have a fear of the stock market because I don't understand enough to become successful. Years ago, when i became financially literate through buying and holding silver, I realized the same thing must have been possible in the stock market, but it felt like you had to be super-conscious to make it happen. It still does feel that way.

I was in debt TWICE in 13 months because of medical problems, and I managed to get out of both instances ($39k in total wiped out in under 2 years) as of this November, and I am 100% in cash. I nave nothing invested anywhere yet. What I do have ready to invest is small potatoes compared to other people's cash holdings, but I can now live in a way where I am able to live well below my means, as I live on disability.

My concern is the return OF my money more than the the return ON my money. I am considering doing small CDs, one each month, all 1-year terms, for a total of 12 CDs for as long as this lasts, so if this correction lasts for 1-3 years or longer, then I simply reinvest the matured CD with interest and another deposit along with it to make it larger (hopefully with a better interest rate per Fed indications of rate hikes). This allows me to feel like I'm parking my money in a better place than my checking account without risking it much. It also allows me to turn on a dime once I have seen something like a 35-50% correction from the 2018 high, which ought to reduce the downside risk considerably. At that point, I will be able to invest a significant amount into a Target Date fund, and then take each matured CD (AND interest earned) along with a fresh deposit from my income and put that into the fund.

I am too old now to sit behind a desk all day picking stocks, as I will lose my health if I do this. I know NOTHING about investing other than knowing that the mutual funds I'm looking at MIGHT give me a pretty good return at the right time.

I'm only looking to earn about 1/4 of what would be necessary to live on a basic, but comfortable lifestyle in the US (as I live abroad through currency arbitrage). This means, if a person is living off generated interest totaling 25,000 USD in the US, then I would only need 7,000-8,000 to maintain the same lifestyle in the lower-cost country.

Could you talk about adjusting for inflation? Adjusted for inflation, the growth of Dow looks far less extreme.

I think I'm going to follow your advice! Can you please do a video on how to set up a list for what companies to buy when stocks are on sale?

Always great advice but… If I hear that Warren Buffet penny story again… ????????

New viewer to your channel. thumbs up! I am 30 and have a decent paying job, I am a great saver (rice and beans, used car and thrift stores). Is 10k enough for a newbie to get in on this situation you are talking about? ty!

phil. stop telling the story about warren buffet in the elevator. i autoplayed three of your videos and got that anecdote Three times. lets tighten the belt on that one maybe

Thank you for bveing honest about the market.

Great video. However what if the multi-trillion dollar debt bubble pops? I guess then all bets are off?

Love the disclaimer at the beginning “but we all know that” ?

2019 is a depression year! I feel like we could hit **********BIG RECESSION************ in 2019!

An apple computer really that tells me is a show off .Time to move on

Compared to the rise of their profits in rencent years, Alibaba and Tencent are already massively on sale. But somehow, I think that the China hawks in the White House are going to cause some bad news at some point. Generally, the market is a gigantic bubble driven by cheap money. Big question is what happens if the Fed stops raising rates. In the past, the Fed has always increased rates until the next recession, no matter what. But this time could be different. All this new talk about data driven approach… could lead to an even bigger bubble and break the 10 year cycle. Having some gold at this stage is a good idea.