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Each week, investors and financial professionals around the globe turn to John Mauldin to better understand Wall Street, global markets, and the drivers of the world economy. And for good reason. John is a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the first publications to provide investors with free, unbiased information and guidance—Thoughts from the Frontline—one of the most widely read investment newsletters in the world.
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RLWSNOOK410
2017-07-10 at 20:13 (UTC 2) Link to this comment
They just won't retire. And if someone takes a 40% haircut on 70% of their assets as long as they plan for a 4% withdraw rate and don't plan to use any money in equity for 5 years I don't see the problem. Assume 2008 happens again If you left 70% in equities and didn't touch it how are you doing today?
Newlinjim
2018-12-04 at 20:02 (UTC 2) Link to this comment
RLWSNOOK410 boomers life expectancy would likely skew that outcome to the negative quadrant.
calliegal235
2019-05-23 at 04:31 (UTC 2) Link to this comment
2008 was not really over. Central bankers turned the system into some kind of zombie and then grew equities, real estate and bonds into bubbles. Wait.
Paul Wood
2017-07-25 at 01:52 (UTC 2) Link to this comment
Fuck these baby boomers and buy BITCOIN! Thats how we take it back.
Earej
2017-12-02 at 21:39 (UTC 2) Link to this comment
I absolutely LOVE how Grant is reinforcing the (true) stereotype that the British have bad teeth :DDDD
Tarzan
2019-01-01 at 20:25 (UTC 2) Link to this comment
Everyone has bad teeth, but the Brits have no dentists.
No Hope Equals no fear
2018-03-05 at 23:35 (UTC 2) Link to this comment
grant is awesome! brilliant man
Inquirer 101
2018-12-23 at 08:18 (UTC 2) Link to this comment
Very bad advice from Williams about getting out of equities. The stock market always bounces back. If the boomers are forced to sell, stock prices will be cheap and others will buy them. And some stocks pay good dividend, all the more reason to hold or buy when they're down.
Fred Shanbour
2019-02-20 at 04:46 (UTC 2) Link to this comment
The stock market does NOT always bounce back. If you were in any other equities than U.S. equities (i.e. German equities, Argentinian equities, etc.) you would have been wiped out. The U.S. markets are not invincible.
eSk8er
2019-04-03 at 06:21 (UTC 2) Link to this comment
I have heard a lot of people saying get out of the market, but not anyone arrogant enough to recommend shorting the S&P 500
calliegal235
2019-05-23 at 04:37 (UTC 2) Link to this comment
In 2008, people like my parents, who were in their retirement years, lost a lot of money in stocks. In the case of my parents, they did not live long enough (even though they passed away in their mid eighties) to regain the $250,000 they lost in that housing crisis. Nor did my tax paying parents (who were also stockholders) get back the $30,000 that went poof at GM, even though Prez. O said the taxpayers were paid back! ~ Last June 2018, the FED reported the U.S. dollar's value had slipped below 4 cents, to .0399. How long do you think it will be until it reaches zero? To quote Ms. Lynette Zang, the only difference between inflation and hyperinflation is the speed at which the currency is losing value. Right now, I'm not excited about anything which is going to give me a, "return," in fiat currency. However, new opportunities will soon arrive. By the way, I hear Venezuela has a great stock market; care to invest in it?
drmodestoesq
2019-07-17 at 03:19 (UTC 2) Link to this comment
Exactly. The stock market bounced back after 1929…it just took until the 50s before it reached those levels again. So put the coffee on and grab a good book….
Bledi838
2019-01-20 at 02:14 (UTC 2) Link to this comment
Who is going to save the average baby boomers………Nancy Pelosi, Chuck Schumer, Carl Levin (gone now) Lindsey Graham, Steve Mnuchin, Ted Cruz, Maxine Waters etc, etc. These lawmakers money is MANAGED in special accounts from the Investment Banks that RIP OFF THE AVERAGE BABY BOOMER INVESTMENTS BY day TRADING AND PULLING CASH OUT OF THIS MARKET DAILY WHILE THEY CONTINUE TO PREACH LONG-TERM INVESTING FOR THE AVERAGE INVESTOR.
I guarantee all people that the ACCOUNTS OF LAWMAKERS DON'T LOOSE MONEY……OR PELOSI HELPS HER HUSBAND THROUGH CHEAP FINANCING FOR REAL ESTATE SHE OWNS AND THAT UNSCRUPULOUS HUMAN CHARACTER (DUMP PELOSI) APPEARS IN THE PUBLIC EYE LIKE HER HUSBAND RUNS EVERYTHING AND SOMEHOW HE HAS A MAGIC WAND TO GET CHEAP FINANCING FROM BANKS…..
Or MNUCHIN………Where did he found the money to ride on a Private Jet that costs about 20-50 k per flight (needs a lot of fuel) and his beautiful stupid blonde wife speaks on twitter that we pay more taxes than the average person….(he shut down his wife to speak on twitter anymore now).
Or TRUMP will watch out for your accounts that KEEPS lying on TWITTER whenever there is talk with CHINESE in order to push the stock market higher and then MNUCHIN telling his friends at GOLDMAN to sell.
THE CHINESE TRADE DEAL EVEN IF IT HAPPENS WILL NOT SAVE OR LOWER THE TRADE DEFICIT WITH USA OR IT OPENS A MARKET FOR USA COMPANIES (WHO ARE ALREADY THERE ALL THOSE WHO COULD SELL TO CHINA).
THE $ 1 TRILLION BUDGET DEFICIT IS THE PROBLEM OF USA…….THE USA GOV AND PELOSI WHO CHAUFFER AROUND THE WORLD WITH MILITARY PRIVATE JETS TO VISIT TROOPS AND OTHER BS………BY THIS STUPID AND INCOMPETENT WOMEN WHO KNOWS SH….ABOUT WAR, AND DOESN'T GIVE A DAMN IF PEOPLE DON'T GET A PAY CHECK AT HOME.
ALL THE BANKS AND INVESTMENT BANKS REPORTED HIGHER PROFIT FROM EQUITY TRADING IN Q 4, IN THEIR RECENT EARNINGS LAST WEEK………WHILE THE MARKET WENT DOWN A LOT.
The BABY BOOMERS MONEY DOESN'T EXIST……IT HAS BEEN RIPPED OFF BY THE BANKS THROUGH GENERATIONS AND BY THESE CROOKED WITHOUT CHARACTER LAWMAKERS WHO MAKE THE LAWS SUCH THAT THE BANKS DO AS THEY PLEASE WITH THE MARKETS……AND FOR BEING AN OSTRICH TO THE PUBLIC THEFT THEY ARE REWARDED WITH PROFITS IN THEIR SPECIAL MANAGED ACCOUNTS BY THE BANKS.
When BABY BOOMERS start to sell EQUITIES to get their cash they will see that IT IS NOT THERE……THE PRICES ARE HIGH BUT WHEN SELLING STARTS IT IS NOT ENOUGH CASH TO ACCOUNT FOR THOSE ASSET PRICES…………..
GO FIND OUT BABY BOOMERS WHERE DID YOUR CASH GO………..KEEP SEARCHING AND VOTING FOR THE CROOKS…….
IT WILL BE THE BIGGEST THEFT IN GENERATIONS……..CHEATING THE LARGEST GENERATION IN USA!!!
OH POOR USA………..HOW THIS GREAT LARGE NATION IS RUINED BY THE CROOKS………THE FOUNDING FATHERS WILL HAVE EXECUTE THESE PEOPLE IF THEY WERE ALIVE!!!
dobson777a
2019-02-07 at 01:18 (UTC 2) Link to this comment
I don't believe the statistics he is spouting. A good percentage of my friends and myself have owned single family home rental investment real estate during our entire professional lives. Even though we may have a pension it becomes a smaller and smaller part of our income stream because the pension is fixed but rents are not. I doubt the statistics spouted capture this information. I have about $66k income from a corporate pension, about $48k income from rental income, $600k in IRAs (about half is PMs), and over $600k in real estate equity. Having rental real estate prior to retirement is key because the income is typically exempt from state income taxes in retirement. In GA the exemption begins phasing in at age 62.
The problem with city/state pensions is a different problem as they figured out ways to skirt the rules and pad their pension allowing 100% of their pre retirement income.
P de Souza
2019-03-02 at 17:02 (UTC 2) Link to this comment
I have a huge problem with this argument. Yes, there is potential downward pressure in the market as baby boomers (gradually mind you) retire. So what? Economies around the world go through cycles and businesses in the long run will prosper. It has never been different throughout history. Missing a multi-year bull run is substantially worse than riding a sell-off. The get-out-of-equities advice is fundamentally flawed at any given time, if you are a long term investor. Why is Mr. Grant Williams pushing this timing theme so hard? Well perhaps I know: He's been wrong for several years now. And when markets crash (eventually) he will be regarded as a financial guru. Some things will never change…
Mutian Zhai
2019-03-15 at 01:28 (UTC 2) Link to this comment
The problem is that baby boomers can not survive an extended recession.
G Wills
2020-06-08 at 18:29 (UTC 2) Link to this comment
the baby boomer wealth is mostly make-believe. The fundamentals do not support equity valuations, and most of their "wealth generation" has basically been stealing from younger generations, rent extractions, and the environment
dobson777a
2019-03-13 at 03:33 (UTC 2) Link to this comment
Starting in 2012 I started moving out of securities and into tangible assets. By 2016 I moved 70% of my electronic funny money into distressed single family rental real estate (short sales and foreclosures). In 2018 4th qtr I moved the remainder into physical precious metals. I will now patiently wait for the next opportunity.
senior1110
2019-07-20 at 10:11 (UTC 2) Link to this comment
Congrats to you for taking actions to avoid diasters…. hope the times will not be that bad..
PrestoWind
2019-03-21 at 02:04 (UTC 2) Link to this comment
Grant Williams is also a useless idiot. Ignore him, and your portfolio will grow.
Sandy Milne
2020-06-04 at 10:29 (UTC 2) Link to this comment
Yes, until it doesn’t. Other things grow too.
Ryan
2019-04-14 at 22:41 (UTC 2) Link to this comment
I’ve been thinking a lot about this recently. What percentage of savings does the typical baby boomer have in equities, and how fast will they exit in a pullback?
Also, the advice to millennials heard not just here, but routinely, is horrible advice. The notion that you’re 30-40 years old, so you shouldn’t reduce your equity position ahead of a potential crash because you have another 20-30 years to save is terrible. I understand the logic behind not knowing when an event will happen, but at the same time no 35 year old wants to see his equity position drop 40% anymore than the 55 year old.
AC John
2019-12-19 at 08:14 (UTC 2) Link to this comment
No young-ish person should even be invested in the Ponzi scheme stock market. It's all rigged.
John
2019-05-17 at 00:46 (UTC 2) Link to this comment
Boomers just accept your fate and start stacking catfood and applying for Walmart greeter jobs.
drmodestoesq
2019-07-17 at 03:18 (UTC 2) Link to this comment
Pasta or rice and beans are cheaper than cat food. And there's less social stigma to eating them.
Matt Woodruff
2019-06-26 at 19:16 (UTC 2) Link to this comment
…and here we are 2019… waiting… waiting… oh it's coming alright… i can feel it… waiting… waiting… half of those retirees have already died by now
DigitalDreams
2019-07-13 at 08:48 (UTC 2) Link to this comment
Greetings from July 2019. Nothing happened. The world isn't on fire.
drmodestoesq
2019-07-17 at 03:16 (UTC 2) Link to this comment
Tick…tick…tick…..
Night Wolf
2019-10-06 at 16:24 (UTC 2) Link to this comment
Then there is not need for you to waste your time watching these videos.
R
2020-03-16 at 18:01 (UTC 2) Link to this comment
DigitalDreams
Greetings from March 2020. Need I say more? ?
Terry Taillard
2020-03-25 at 04:28 (UTC 2) Link to this comment
DigitalDre
drmodestoesq
2019-07-17 at 03:21 (UTC 2) Link to this comment
I'm assuming a lot of you have met baby boomers. So that being the case let me just throw this out there. We legalized cocaine for everybody over the age of 60. That would solve the problem in a hurry.
drmodestoesq
2019-07-17 at 03:25 (UTC 2) Link to this comment
Bring in 40 million Asians…problem solved.
Ana Young
2019-08-15 at 10:13 (UTC 2) Link to this comment
This is from 2017 and equities are still going strong. Bullocks!
Daedalium
2019-08-26 at 23:04 (UTC 2) Link to this comment
QE
Joe Tran
2020-03-04 at 19:09 (UTC 2) Link to this comment
True we have a lot quantitative easing and corporate buyback eg if you look at Norway fc13 you can see why
Sandy Milne
2020-06-04 at 10:28 (UTC 2) Link to this comment
All the more reason to get out at a high.
Ana Young
2019-08-15 at 10:14 (UTC 2) Link to this comment
Bonds suck!!
Galina
2019-09-15 at 06:23 (UTC 2) Link to this comment
All by design to destroy the middle class and film the old and the young.
R
2020-03-16 at 18:02 (UTC 2) Link to this comment
I love how YouTube algorithm brings out these videos deep from the past during the corona craziness we’re going through
Aria Hatt
2020-04-20 at 03:17 (UTC 2) Link to this comment
Amen, baby, preach. What is up with that. I can't help noticing it. What causes it? It's annoying. I wish I knew the cause, and the cure. I hope you answer me. I thirst for knowledge about this and many related topics.