Logo

How to make it, spend it, and invest it

5 Nov 2020

Mastering Money 11/5/20

Download
Post by MoneyRadio Staff

Is the stock  market logical? For that matter, are PEOPLE logical? Investment mistakes are very easy to make, even when you take a logical approach to the market. And who among us is 100 percent logical all the time?   Most people in or near retirement would rather not spend hours a day studying market trends, money flows,  and reading detailed reports. That’s why you offload that task to a professional. But even money managers were caught off guard by this election. Many thought it was logical that if Joe Biden looked like he was going to win the election, the market would decline because he favors raising corporate taxes and the minimum wage.  But the market went UP on election day, even though Biden took the lead. Was there any logic working there?  Actually, at the professional level, it turns out the answer is… YES, and Steve will explain exactly how that logic was applied–Plus– how one company defied the odds. A really interesting show for you today…MASTERING MONEY  is on the air!!