The Great Transfer of Wealth – [6 Trillion Dollars JUST VANISHED]
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Over 6 trillion dollars of value vanished in the stock market essentially overnight, this creates a massive opportunity for people who want to capitalize on this great transfer of wealth.
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The 2020 Great Transfer of Wealth – [6 Trillion Dollars of Wealth JUST VANISHED]
0:20 – How to measure someone’s net worth by valuing their assets
1:03 – What it means to own stock
1:29 – How 11 trillion dollars worth of value vanished
2:10 – Stocks are a paper assets & how paper assets work with the laundry example
3:48 – What happens when value is lost and why we’re going through a great transfer of wealth and how this creates a new wave of opportunity
4:30 – Why financial education is so important so you can capitalize on opportunities
5:10 – A historical analysis on previous transfers of wealth
6:00 – How people got rich during the 2000 dot com crash
7:05 – How people got rich during the 2008 real estate crash
7:55 – How euphoria boosted the stock market prior to this 2020 crisis
9:15 – How the media helps create euphoria in the stock market
11:04 – The current state of business
11:57 – The government won’t let businesses fail
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Video host: Jaspreet Singh
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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.