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Household wealth is surging Americans recovering over 60%.
Of the wealth that they lost in the housing and stark stock market bust.
As long as you don't taken inflation into account.
First quarter wound up by three trillion dollars to an all time high of seventy and a half trillion good news people good news.
And while many people's finances are looking up it's important to look ahead.
And protect your new well joining me now Gary called on president up -- bomb capital management.
-- -- welcome back the show always great to have you want.
-- this isn't true staying.
Because if you look at it pre inflation it sure does look mighty good.
And people out there are now worried there's a bubble somewhere else what do you tell them about protecting the wealth that they've grown up -- these last couple of years.
Well first off that is good the fact this people type their wealth to their houses with shop prices -- finally started to go up gay and in some areas they've gone up very nicely.
And of course the market.
The best thing like help people's lowering that we will go through more bear markets that usually take 30% away from -- equity.
And learn how to manage during those times most people don't watch enough.
And they just sit there everything's going to be okay it'll always come back and look we just started to break out of a thirteen year arrange it took that long.
Ought to start move -- higher around that hopefully continues but -- just -- -- important to watch it when things go south it's there's nothing wrong with selling some things off.
I eat I'm not trying -- on the -- market theory is that what you -- like well the stock market's been down there to maybe I'll pull my money out is that what you mean no.
Not a day here to luckily you know markets have -- have been.
Flow of fear and greed those emotions always going to be around.
But you get into these moments in time when you get these bear markets in the last thirteen years you had 250%.
Drops in the S and pay.
That hurts and a lot of people get out in the midst of that and a lot of people get out at the bottom what I'm just saying yes.
Try to recognize when things are turning south and don't worry what people tell you.
Didn't do what I Colby go to sleep index -- not sleeping well get out of some you can always get.
Back in you now.
I see everybody talking about dividend stocks of the last twelve months or so and I'm wondering when.
Should you be thinking about something else now should you be thinking about something else besides bonds are corporate bonds a place today what do you think when you look at those great big asset classes out there when -- -- -- a gigantic bear.
On the bond market I've been that way for quite awhile I believe the big bubbles in bonds as the Fed is manipulated rigged interest rates down and prices higher.
Authorities start to see the effects just over the last three weeks -- bond funds gave back almost two years of being com.
In principle dropping so I'd be real careful right there as far as dividend stocks on wall good would that just make sure they continue to work.
I don't mind you get 345%.
-- -- -- something.
But people get tight at the thought because it's Pena and a dividend if it drops 25% -- -- five it's actually meaningless and not a good thing.
I just have to say this one -- more time check this out boosting -- household wealth.
People gotten one point five trillion from stocks and mutual funds.
Billion from rising house prices you know I can't say Gary how many times people tell me.
Housing prices will never go up again the stock market will never come back.
They were wrong.
They were completely wrong look again more it's about fear and greed but you also had some wind that you back here.
You have severe -- -- -- money by the Fed that is definitely helped that.
What -- most interest that the seat is what happens when the Fed get done what we get normalized when interest -- to normalize have already seen.
A lot of mortgage related things -- even housing stocks take a hit the last two weeks as rates have gone back up but no doubt.
You know the fact that wolf is up is nothing but good news -- let's hope it continues.
-- Gary thanks for coming on have a great weekend good to see it.
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