Fools Errand | Erik Averill, Brandon Averill, Justin Dyer | AWM Insights #38
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Episode Summary
The markets have begun to level out with conflicting forces from the government taking shape. Brandon Averill, Erik Averill and Justin Dyer get you caught upon everything happening within the markets and why you should never overreact. Plus, why you should always be planning financially for something like a global pandemic.
Episode Highlights:
00:30 A transition from positive markets to some mixed reviews because of the disagreement between the Fed and the Treasury.
1:36 The impact we’re seeing in the markets with the announcement of COVID vaccines being released.
Brandon Averill: “We see some corrections like the cloud computing index and the cloud companies get absolutely crushed on news of a vaccine, but then the timeline for the vaccine comes out and everything corrects back the other way.”
2:20 Justin Dyer: “Trying to predict which way markets are gonna go is a fool's errand.”
3:30 Amazon’s latest news also has long term ramifications for the commercial real estate business.
4:05 Tesla seems like the no-brain winner as they are finally joining the S&P 500.
Brandon Averill: “They’re going to be the largest company to join the S&P 500 in history.”
6:45 The importance of global diversification in investments.
10:29 The fundamentals of professional investors: “What are the drivers of returns, what are the sources of returns and how do we allocate our plans to help us achieve outcomes we want based off of those investments.”
12:10 Financial structure trumps the portfolio. Even though it’s an industry leveraged for competition within the portfolio, it should be about the outcomes you are trying to achieve as an individual.
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