2024 Macro Outlook and the $700 Month Portfolio - 1-10-24
Timeline:
0:00:00 - Introduction
0:03:57 - Demand for oil and petroleum products
0:05:33 - Building a retirement portfolio by investing conservatively
0:10:26 - Trends in technology over time like computers and the internet
0:19:10 - The power of compound interest
0:21:47 - Competition in the cooler market hurting Yeti
0:22:56 - Vale and the trade of the year
0:24:28 - Pfizer's COVID vaccine revenues declining but company still strong
0:27:16 - Consumer staples like Levi's have steady demand
0:30:26 - Importance of avoiding losses and letting wins accumulate
0:35:38 - Warren Buffett's rules of investing - don't lose money
0:38:50 - Changes in the agriculture industry and farming jobs over the past century
0:45:06 - Rapid pace of innovation in transportation - from early airplanes to the Concorde
0:47:22 - Robots in the future
0:51:37 - Rapid spread of AI in just its first year of existence
0:55:50 - Unemployment and job loss from AI automation
0:58:03 - Decline in farming jobs even as food production increased
1:01:15 - Concept of universal basic income
1:06:47 - AI automation replacing bookkeeping jobs
1:12:18 - Aging population in the U.S. and healthcare costs
1:14:19 - Housing shortage and home prices
1:16:03 - Future applications for drone delivery
1:22:34 - Growing adoption of ESG investing
1:23:23 - Constant threat of cyber attacks
1:26:15 - Infrastructure spending and companies like Caterpillar
1:28:09 - Increasing pace of rocket launches into space
1:30:23 - Wrapping up
Phil’s Weekly Trading Webinars provide a great opportunity to see what we do at PSW. For LIVE access to all our webinars, join us at PSW!
View all Phil’s past weekly webinars on our YouTube channel here.
Top image by stable-diffusion-turbo (webinar on the market).
