Is a Recession Coming? I React to Chris Hogan's Video | Phil Town

1. Did you like this new style of video? Who do you want to see me react to next? Let me know ??

   And if you want to learn how to invest like the greatest investing gurus in the world, don't forget to download my FREE guide, here >> http://bit.ly/2HNTDwb

2. I wonder if Phil is going to invest in apple. With one air pod in the ear, apple watch and Macbook apple should be paying him an advertising fee. I think a Rolex would suit him better.

3. I sure hope the market will crash in 2020. My bucket is ready! 🙂

4. and I know the market is going to crash in 2020

5. I think Chris's strategy is for losers

6. There is a production bottleneck because of this virus. I think many companies that depends on foreign parts or finished products will not meet their targets this year so yes, the market is already "correcting" and will not recover this year. It will take a while is my prediction.

7. Seems like we are correcting now. Every day this week, prices dropping. My limit orders I had set to buy a few dollars below current prices went through at the beginning of the week. Then I averaged down a few dollars more on those same investments and they all went through again! Current values are below that now. Holding long term so not worried about losing money, but hope it stops dropping soon. Don’t like seeing so much value erased.

8. Actually I think it's called crisis investing

9. It's like a black Friday sale for investors

10. Thanks again for another educational video, I have been successful at reducing my expenses with some tools from VIP financial, alot of good material to increase cash flow for investing or other needs. He shows understandable methods to reduce Credit cards and debts. Worth a look. All cash now waiting for some wonderful companies. Thanks for your 3 day seminars.

11. Minus inflation the 4.5% minus inflation or is that with inflation

12. The hard part is knowing when to time the buy. I'm seeing apple tank but when do we actually buy it? Wait til 50% fall? Just buy at 15% fall? That's the part I'm missing

13. I'm curious about what Phil bought in 2009.

14. It's not Chicken Little this time, the reservoir for coronaviruses is bats (and a whole stack of other animals).
    It's beginning to look a lot like Christmas…

15. Hey Phil, that’s how life works. Majority of the people will never understand or want to understand your investment philosophy. But that’s also part of the reason smart people were able to make money during the crash! If everyone is as smart as you, their would be no money left for me.

16. "The government is not going to save the day" who helped Wells Fargo, Morgan Stanley, Citigroup or GM then? I get what you are saying but you cannot accurately depict the image that the Government won't save anyone.

17. "The government is not going to save the day" who helped Wells Fargo, Morgan Stanley, Citigroup or GM then? I get what you are saying but you cannot accurately depict the image that the Government won't save anyone.

18. Whenever I listen to Chris Hogan, (and by extension Dave Ramsey) I come for the information, but have to consider their intended audience. I’m really surprised he ventured down this path when you consider all they push is index mutual funds and a $1,000 emergency fund. That’s not necessarily an aggressive investment philosophy.

19. I love how confident you made me feel in investing on my own. I am grateful for your content and hope to see more!! love you, Phil!! Thanks

20. Dave Ramsey and Chris Hogan changed my life by getting me to pay off all of my debt and build a 12 month reserve. But even more so by changing the way I think about my personal finances. Now, I am looking forward to learning from Phil T about investing. I have already started making some good moves based on Phil's teachings. I think all of the gentlemen I've named here are blessings to us all.

21. Guys, got a question to ask!
    Im a long term investor, I have winning stocks in my portfolio, of course they’re going down every day looking at them this time, do i have to sell it, get the gains and gather all cash and invest it later on or just hold on those stocks? Love to know your ideas. Thank you

22. I am a novice ,buying 10 dollar bills for 5 dollars, what does it mean?? Is he talking of companies shares or bonds??

23. 50K per year from a 2M account is only a 2.5% rate of withdrawal. You should be able to withdraw much more than this and never run out of money if you are managing your retirement assets properly.

24. there is a good chance of it happening, or at least a reset or revaluation if not recession, hard to say when. Let's see if the coronavirus leads us to that

25. there is a good chance it will be 2020 now with the Coronavirus as a catalyst

26. Like the new intro Phil. Snazzy.

    It's cool to see you do a Reaction Video. Always nice to see a creator play off the material generated by a different creator. Informative. Takes the conversation interesting places.

27. Everyone who can, needs to live below their means. Always and forever. Live simply. Greed is a detestable thing. But yet, I'm sitting on the sidelines with a boat load of cash. I'm ready.

28. No. You’re welcome.

29. Do you think that it is possible to make 15% annual return for 15 years in a row? That is what my retirement plan is dependent on. Just ordered your book. I am 19 years old and I am looking forward to retire at the age of 40.

30. Hogan is a ( Dave Ramsey Personality ) as he calls them. Not a great place for investors but great place for people in financial train wrecks in severe debt. I don’t go to dentist for a colonoscopy

31. Phil, it looks like the market is already starting the crash, do you think it will continue to go down now? Especially with the virus on the horizon?

32. Heh Phil , you are better than others .
    Then why to review what others have to say !!!

33. I'm like you… I've given up on trying to guess when the market will drastically change. Instead, I'm trying to do my best to keep a level head and be prepared for it either way. The current problem I need to improve on is not getting so excited and buying too much too early. But, I'm hoping that if it is a short pull back, that I'll make profit when it recovers. And if it is a bigger recession, that I still have a reserve to buy more closer to the bottom. Regarding the emergency fund… I think for people who are financially responsible, I like Mr. Money Mustache's theory on the emergency fund. (https://www.youtube.com/watch?v=tFpJrqp0l_4)

34. Phil , here's my thought on buy and hold – hate it. But, I am not concerned about me as an investor, it's the fear in others and the stampede from the institutional guys.Why should I take a beating because they control 85% of the market and they panic (for various reasons) and then say 2/3rds of the remaining 15% of investors are individuals that panic, then markets will go down? I want to be out before the herd takes it way down. As you say in your books, you can see what the big guys are doing. But I also know that it's time to buy when "there is blood in the streets". Is my portfolio down since last week? Yes, but I have been buying since Wednesday and adding to my positions and still have some cash sitting in case it goes down more. I always think about a house that was for sale across the street from me in 2012. It was selling for $435,000 in a great neighborhood (In a L.A. suburb) and I wanted to buy it but I was going through a nasty divorce. The market was still at its low. That house today is worth $750,000. It was a steal! You need to have cash so you can steal things when they are undervalued! Your philosophy just resonates with me and it is just such common sense! I wish that I had found you sooner but, I am sharing your philosophy with my kids who are 25 and 28.

35. I'm 25. I don't count on ever seeing a Social Security payment when I retire.

36. I love anything you report on. I found this video to be great quick content!!

37. I think the worst of the coronavirus is still yet to come but eventually it will subside and the market will recover. Looking forward to the continued great buying opportunities ??

38. Phil, I know your busy with a lot of things, but I think the readers of your Rule One book would profit from a second edition. It's been a while since you wrote the first edition. I imagine that some things have changed since then. What about a second edition that updates the Rule One strategy for our current environment? I'll buy one for myself, and one for each of my kids.

39. Stay the course. ?

40. Thanks so much for your videos; time and energy spent to teach us how it's done uncle Phil. #☝?

41. I made a video last month where I said either a big correction is coming in the next few weeks or even the end of the bull market and the beginning of a bear market. Now it has started and this decline is making history right now!

42. The crash is on!
    Thanks to your books and attending the seminar in San Diego we have never been this well prepared for the "sale event".
    Missed the boat in 2008. Never again!

43. The crash will come like a thief in the night

44. 1000+ points fall today is not slightly under 500, too early to make any calls but that's some solid buying sub 25k on the Dow.

45. Phil, just finished your second book. Haven't read your daughter's yet but that's next. I am glad you have a new video because after finishing your books, I felt like I had lost a friend. Love you, man.

46. Great job on the critique Phil! Look, no one knows if the market is going to crash? If they did well they would be billionaires.History shows that their will be a correction, yes , but when? Hmmm.. I for one am giddy, I have been sitting in cash for a couple of years now, just because their are no bargains in the markets right now! I think we may have a black swan event , with the corona virus? We'll see?

47. how many percent do you define as a crash ? Phil?

48. 2020

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