The Leverage Mania (EP.388)

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Nov 27, 2024

Great stock market returns kick off 2024, sparking reflections on tech's influence since 2014. The hosts tackle the complex dynamics of inflation perceptions versus reality and dive into the intriguing world of cryptocurrency investments. They explore the addictive nature of gambling, particularly in sports betting, alongside humorous vacation anecdotes. Personal stories about family and challenges in podcasting add levity, while discussions on market concentrations and the socio-economic impacts of financial inequality keep the conversation sharp and engaging.

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INSIGHT

Economic Sentiment

“Soft” survey data (how people feel about the economy) is converging with “hard” economic data.
This positive sentiment shift could boost spending and investment.

ADVICE

Rebalancing Bitcoin

Rebalance your portfolio by selling a portion of appreciated assets like Bitcoin.
This minimizes regret and manages risk, especially with volatile investments.

ANECDOTE

MicroStrategy's Bitcoin Play

Michael Saylor’s MicroStrategy, a software company turned Bitcoin treasury, saw its stock soar.
He leveraged convertible debt to buy Bitcoin, creating a unique financial engineering scheme.

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On episode 388 of Animal Spirits, Michael Batnick and Ben Carlson discuss: great stock market returns so far for 2024, Bluesky vs X, the impact of tariffs on the U.S. economy, when to sell Bitcoin, money in college athletics, a lightning round of vacation thoughts, and much more!

Thanks to Global X for sponsoring this episode. To learn more about Global X’s entire suite of ETFs, visit: https://www.globalxetfs.com/

Animal Spirits survey: https://www.surveymonkey.com/r/ZBBJ69Q

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Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

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