The stock market is near an all-time high, while unemployment is up and wages are flat. It begs the question: is the stock market overvalued? I’m not a stock market expert, I don’t follow the market like some people, but I do know a few things. A share of stock is a piece of a company. In that regard, it is not that different than owning real estate. When you buy an investment property, you don’t look at the value of that property every day, you are more interested in the rent it earns and the costs associated with maintaining the property. The same should be the case with stocks. You shouldn’t look at the price fluctuations of the stock for a company, rather you should look at the earnings and earning potential of the company itself. If you are a day trader who is looking for short-term opportunities, we may be looking at a correction pretty soon. Economic growth has been anemic, even prior to the pandemic, and without major changes to our immigration policies or major breakthroughs in productivity it will be hard to see how valuations will get better in the short run. If you’re a long-term player a good index fund or the right financial advisor, you can still find you some great opportunities. BTW – the winner of the election won’t matter all that much. In his first 43 months in office, the S&P 500 index under Donald Trump increased 49%. That’s a pretty good gain; however, under Obama, the S&P increased by 70% in his first 43 months. Fiscal policy matters for a lot of things, but stock prices don’t seem to have as much of a correlation to politics as most people think.
With so much injustice happening—from mass deportations to rising discrimination—you’d think Latinos would be more unified. But that’s easier said than done. In this episode, I break down why unity has eluded us, the four mindsets shaping Latino identity today, and how our shared values—especially family—can still bring us together. Let’s stop arguing and start building. Our strength is in our unity.
If you really want to support the Latino agenda, start by being successful. In this episode, I share why making money, collaborating with other Latinos, and lifting each other up are more strategic—and more powerful—than any protest. It’s tough love, but it’s what our community needs to win.
It’s tempting to call each other out—but that instinct can hold us back. In this episode, I talk about the “Mexican crab” story and why it resonates with our community. To truly change perceptions and attract investment, we need to prioritize wealth, reboot our politics, and most importantly—have each other’s backs.