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Watch This Before The Next Fed Meeting (September 18)

2024-09-10 Education
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Minority Mindset
Minority Mindset
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Subscribe to Market Briefs for FREE and get my daily financial newsletter: https://link.briefs.co/4olJlGv My recommended tools*! *Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube. ---------- ➤ Invest In Stocks Passively 1) 📈 M1 Finance - Buy stocks & ETFs on autopilot: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ---------- ➤ Upgrade Your Career 4) 💼 CourseCareers - Get the skills to get a better career: https://coursecareers.com/a/jaspreet ---------- ➤ Buy Gold Passively 5) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- ➤ Business Accounting 6) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: https://theminoritymindset.com/yt/accounting ---------- Recommended: What Is The Minority Mindset? "The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh Follow me: Instagram: https://www.Instagram.com/MinorityMindset Website: https://www.TheMinorityMindset.com Want More 🥑🥑? Minority Mindset Clips: https://www.youtube.com/minoritymindsetclips Minority Mindset En Español: https://www.youtube.com/minoritymindsetenespanol Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. 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.

Top Comments (10)

@rineleff2009 2024-09-10

In my opinion moves in market have to be precise at times like this, the US economy is already putting pressure on everyone’s pockets so moves have to be thought with precision. Move wisely

37 6 replies
@kendavis8046 2024-09-10

There is another potential issue. If the FED cuts "aggressively" (e.g. - .5% at this meeting), it is a pretty strong signal that the Fed believes we are on the cusp of a recession. I had to explain this to my son on why this might actually have a negative impact on the stock market (he's pretty heavily invested, but almost all of it is in index funds, so I told him not to lose sleep over it.) But his initial question to me was along the lines of "how can the market do anything but go up if the Fed cuts interest rates?" I explained that one of the things that might lead to that is if there is in fact a recession. His follow up was "well, if you can't earn interest on savings, where do you go but the stock market?" I explained that if there is a recession, then corporate earnings in a consumer-driven economy are going to be impacted, because people won't be able to spend money. He understood it with just a couple of minutes discussion. All that said, he's in his 30's. I told him don't sweat it, just stick to his current strategy of investing each month in low-cost funds, and allow time to heal any relatively short-term dings to his portfolio.

20 5 replies
@heartstrings110 2024-09-10

Ahhh, yes….just in time for the election.

17 1 replies
@kwes9 2024-09-10

For gods sake youtube get a grip over the damn scammers in the finance youtuber comments.

12
@taranjitsingh2714 2024-09-10

Actions speak louder than words…almost 2M subscribers and you bought RAV4….good for you! I love your advice on life in general and especially money sense!!

10
@MinorityMindset 2024-09-10

Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/5c08cd WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

10
@jaysportsenthusiast7632 2024-09-10

Congratulations on the car! I know it’s been awhile but congratulations!

9 1 replies
@stevenporter863 2024-09-10

Those waiting to buy a house or finance something: when the Fed cuts rates banks are historically very slow to change their interest rates that benefit them. Meaning fast to lower interest rates they are paying, but slow to lower interest rates they are receiving (mortgages and other loans).

7
@TimYong2 2024-09-10

Banks be like: The interest rate on your savings account will go from 0.01% to 0.0001%, and there will be a new $25 per month maintenance fee.

2
@lucifermorningstar-lv3gc 2024-09-10

Fed next meeting and my birthday is on the same date!😂😂

1

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