BIGGEST MARKET CRASH LOSERS - Types of Investors Who Will Lose It All In This Recession

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In today's video, Patrick Bet-David reacts Tom record high interest rates & Dave Ramsey claiming the housing market isn’t going to crash.
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[@VALUETAINMENT]

Register for Patrick's FREE Generational Wealth webinar on Nov. 17th here: us02web.zoom.us/webinar/register/9716657773391/WN_5j-3VmMmSmGtr3XYTYUOSA

[@youKnowWho3311]

Yes, it will come in by 20%+ relative to rates; however, that will allow for the next generation to come into the pool. It's not rocket surgery. If you print 40+% of the currency, ALLLLLLL assets should reflect this devaluation, unless of course, they are not assets. Houses tend to be assets only if you have cash flow/rents above and beyond the note. In that case, they are better than bonds. Specifically if the US just printed currency that causes a confidence crisis in treasuries. I have sold my properties and am 50/50 gold/cash. Waiting for the sale here.

[@followthemoney4525]

Every 80 years or so we go through rough times. WW2, Civil War, Revolutionary War. We will have to go through this pain cycle to come out better on the other side. In other words, Dems have to lose hard

[@indioatlacatl4927]

I will be for sure thanks 🙏 for keeping real and awakening the sheeps.

[@masternobody1896]

Porn destroyed me

[@alexpantoja9452]

@@followthemoney4525 😂

[@elvismark5172]

I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.

[@thomaslewis514]

This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[@alexanderjames3043]

One of the primary reasons I utilize a portfolio coach to oversee my daily investing decisions is that their whole skill set is centered on trading long and short at the same time, utilizing profit-oriented techniques and minimizing risk as a hedge against unforeseen events.

[@waynestones]

@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

[@alexanderjames3043]

@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.

[@robbyarch4346]

@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.

[@alexyoung3126]

Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.

[@kimyoung8414]

Yup, goes the same in Bull markets Some people blow out even on the way up with poor risk management and overlevering The goal is to assume profits while limiting downside and manage risk to survive up or down

[@erichkraetz2622]

Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

[@checkforme234]

@@erichkraetz2622 very true! I started investing in 2016 and that same year I pulled a profit of about[$300,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you

[@stephaniestella213]

@@checkforme234 How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks

[@checkforme234]

@@stephaniestella213 My advisor is 'INGRID CECILIA RAAD'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.

[@andresLK]

The importance of mentorship from an expert cannot be under estimated. Without proper mentoring one tends to opt out of the market early after making lose. That is why I prefer trading with Mrs Amanda Moore. Her technique is mind blowing and highly profitable. I learnt a lot about corporate finance from her.

[@tomaszcz_k]

Amanda Moore Hinton is well accredited and proficient. Her investing execution quality and profiting is well structured with great financial features. Your profits are secured and over a 100% return on investment directly sent to you.

[@stanleyzac1648]

I have been looking for a way to trade, the fact that I am a newbie, I believe I need someone who understands this market, someone to give me all the right advice I need to invest, thank you for sharing this helpful comment legendary update! I see this as the beginning of something special..

[@charlottedale1111]

Its been a long time I knew about Mrs Amanda and I haven't taken that opportunity, but I'm not letting this one pass me this time haha.

[@charlottedavis8047]

I heard some guy speaking of making over $9-5-0k in net PRO-FITS from a $4-0-0k port-folio in less than 5 months, saying there are so many easy ways to MULTIPLY your INCOME in the market these days. I’m new to the stock market any tips or pointers would be appreciated guys.

[@Mariegot7770]

But don't you think it would be better and reduce some sort of risk to have profes-sional-guidance at hand, at least to improve your chances amidst the current situation.

[@charlottedavis8047]

@@Mariegot7770 Of course, it would but the major issue would be to get someone with enough experience in the markets and trustworthy enough to handle your trades without monopolizing your funds. I've had bitter experiences in the past.

[@Mariegot7770]

@@charlottedavis8047

[@kimChris3880]

@@Mariegot7770

[@charlottedavis8047]

@@Mariegot7770

[@amirbrooks6530]

Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.

[@chrisbluebird5037]

@Jake Farmers Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol

[@stephenpotter21]

Investors like Warren Buffett have mastered what patience is. He has stuck to the markets, having a long term view on the markets. This is what I'm struggling to do, trying to learn how to not react to market news about inflation and all. I have currently set aside about $153k to put in the market now that prices are down. Any ideas?

[@ericmendels]

It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@cloudyblaze7916]

@@ericmendels I agree. It was really tough on my portfolio before I got a financial advisor, but my financial advisor helped me ride the wave, and I made a lot of money despite the rough market.

[@legacymedia8468]

@@cloudyblaze7916 The last financial advisor I worked with did not do so well, but I have heard of elite FAs. Could you personally give me a lead?

[@cloudyblaze7916]

You can make a quick internet research with her name Sharon Louise Count. The rest of the information is there for you to read and get in touch.

[@victorlaranjahal]

@@cloudyblaze7916 Ms. Count is the best in this space, I'm happy to come across these recommendations. I have worked with her and I am impressed with the thoroughness and professionalism of the investment diligence packages she provides.

[@franke102]

I've been watching Patrick Bet-David since 2019. After watching his video on the housing market in June and talking to my wife, I listed my house in Tampa back in June. It sold for double my loan amount, and we bought the house in '17. We've gone into rental mode for a year in anticipation of the housing crash. This is the best financial decision we've ever made. We went from looking down the barrel of inflation debt on a single family income (wife is a stay at home mom who home schools) to paying off all our debt and owning our vehicles outright. We'll be able to take a family vacation next for the first time in five years. You're the man Pat! Gonna have to get that 'PBD Army' neck tat now.

[@patc2515]

congrats bro, nice moves and decisions made on your part. PBD is awesome but these were your actions to take and you chose to take them. you earned that awesome feeling you have today. we're proud of you. you the man!

[@rattmotor9865]

@Frank E WELL PLAYED!

[@billyaiello9022]

Will you ever be able to get the house back though? There may be a crash but what if prices stay relatively close or keep rising in the new few years?

[@SarahR2D2]

@@billyaiello9022 The housing is coming down every where

[@franke102]

@@billyaiello9022 There are new construction homes all over Tampa that have recently slashed over 50k on their listings in a single discount. Home construction companies are having to compete against home owners selling. The market is already is a freefall.

[@dionnemicah]

As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.

[@scoutirving9589]

The secret to market success is working at it daily for a long time. You don't get discouraged when times are tough, and you don't start thinking that you are a genius when times are good. For a successful long-term strategy I recommend you seek the guidance of a broker or financial advisor.

[@jefferysfishing8190]

It all boils down to technique, the downtrend leaves room to key in on the market and grow-substantially whether in the long or short run, it's only just easier to make profit when the market is green, a downtrend provides an equal high-yielding avenue if you have the requisite set of skills and knowledge, reason I've been using an investment-adviser to scale up in this hard time, only way I was able to raise upto $150K in the last 6months.

[@brooksaugust4380]

@@jefferysfishing8190 I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up

[@jefferysfishing8190]

Sure, the investment-advisor that guides me is Eleanor Cecilia Schnell, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@Calcific9]

I like how you mentioned luxury goods being sold, the truest metric of a crashing economy is when rich people sell million dollar luxury items at a discount

[@itsthed5951]

Walé “I see a lot of APs, I see a lot of Rolex, Ima buy it off these ‘ninjas’ right after the ‘demic” - Good Vibes

[@Cub__]

@@itsthed5951 lol

[@Jason.cbr1000rr]

@@itsthed5951 or just str8 up rob and ste*l it ....

[@locks4]

I guess this is whats called " pennies on the dollar"?

[@taylorcoggan2054]

I wonder why the old pros in the financial game, stay away from crypto and some stocks, right now part of me is laughing part of me is crying both hysterically. my portfolio value came down to 40% only I have no idea what to do: should I add more to average the position

[@liambracey6708]

I'm at a huge loss from panic selling then rebuying the presumed dips then again repeating the same procedure am still at a huge loss and just waiting and contemplating. I have to regain my losses so I think I'm wishful thinking

[@mialangley2388]

The uncertainties that come with this current market are yet another reason why my daily invstment decisions are guided by an investmnt-advisor by name KATHERINE DUFFY BURKE, as their entire skill set is built around being long and short at the same time. Brought in over 1.5M in ROI, since using an investmnt-advisor for about 2 years

[@aubreymcgovern9467]

@@mialangley2388 I know I've wanted to start investing for a few mnths, but I just haven't had the courage to start because the market has been down for most of this year. Please how can I count with such skills?

[@mialangley2388]

@@aubreymcgovern9467 You can take a look at her full name on the internet. She is renowned so it shouldn't be difficult to find her

[@sebastianspiegler5801]

@@mialangley2388 I searched for Katherine using her full name and found her web page, read her resume, education, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and I hope she replies soon

[@mcginnnavraj4201]

Since inflation directly impacts people's cost of living, it affects them more severely than a stock or property market crash. It's not unexpected that market skepticism has increased. To survive in this economy, we urgently need assistance. The financial markets have done poorly. The U.S. economy is in an exponential downward spiral as a result of inflation. Any recommendations to scale up my returns during this crash would be greatly appreciated. My portfolio, which started out at $490k, is now at $292k

[@graceocean8323]

The secret to great returns is not choosing stocks with high volatility, but rather managing risk in relation to reward. I strongly suggest employing an investing consultant because building an excellent investment portfolio is much more challenging. Your unique long- and short-term goals, as well as your financial preferences, will be taken into consideration during the formulation of the plan.

[@trazzpalmer3199]

I concur; for over 17 months, I've been in daily contact with a Professional guide. Nowadays, it's really simple to invest in trending stocks, but the challenge is knowing when to sell or hold. My manager steps in at this point to help me with entry and exit points; in just 17 months, I've accumulated almost $337k from an originally stagnating reserve of $150K.

[@hannahdonald9071]

@@trazzpalmer3199 Who is this person directing you, exactly? I desperately need a professional financial planner because I lost over $12800 just last week.

[@trazzpalmer3199]

@@hannahdonald9071 The advisor I use is actually quite known, you might have come across her before, “JOHANNA MUSSCHE” she's been featured on several articles, you can search her name

[@champhallier8468]

Thanks. Just found her through a search and already mailed her from her web page

[@klayvonisme]

I remember listening to Dave Ramsey talk about this and acting so cocky about his feel good optimistic pep talks. I’m not even a investor nor can I claim to know much at all about how it all works. But I do remember thinking that he was full of crap. Thanks for confirming this.

[@Teal_Seal]

Dave’s also dismissive of the WEF. Not sure he’s aware how many corps are buying up houses - over asking price, cash, no inspection. Some reselling, others keeping to rent out. You’ll own nothing & be happy 😉

[@sammn6186]

Dave Ramsey was wrong during the last housing crash as well. He's full of it.

[@WideAwakeHuman]

@@Travis12861 housing prices are starting to go down all over, not just LV. Ramsey is wrong - there’s literally no way housing prices that are so inflated because of a trillion dollars in “free” money over the last 3 years can’t drop by 20% or more over the next 12 months unless they keep printing money - which only delay the inevitable. It’s impossible for it to turn out any other way.

[@Fitness_Lorenzo]

I missed out on 2008 because I was in middle school. This time around I’ve been educating, saving, making more money , etc. I’ll be ready!

[@dianamarques8643]

This os not 2008. , I work on real estate and houses have been pay cash more than ever .There is a new rich people from bitcoin , youtubers, stocks etc the market will come down but not like in 2008

[@Robertgriffinne]

Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[@Natalieneptune469]

That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

[@wiebeplatt4749]

Recessions are when millionaires are created. After my portfolio took a big hit in April, I was forced to employ the services of an Investment-adviser who has not only accrued a profit of $250k for me since then but has also taught me how.

[@Robertgriffinne]

@@wiebeplatt4749 Please can you leave the info of your invstment adviser here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol

[@wiebeplatt4749]

@@Robertgriffinne Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " Corinne Cecilia Heaney, who can help shape up your portfolio.

[@PhilipMurray251]

@@wiebeplatt4749 This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Corinne Cecilia Heaney online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals . Information they say, is power. Thanks for this.

[@DailyLoydering]

Always look forward to these videos every Monday morning! Thank you!

[@indioatlacatl4927]

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.” 3 guesses as to where we are right now. Prep hard and prep fast. Things aren't slowing down for a bit.

[@shawnmckinnon3276]

🔥 📛 🔥

[@shawnmckinnon3276]

9

[@shawnmckinnon3276]

Evolve

[@shawnmckinnon3276]

??? That's my 3 😁

[@graceocean8323]

What's happening in the US can't be any different from anywhere in the world right now with selfish interests ruining us all. The great fall has already occurred, and inflation is a disaster. The FED will need to use every effort in order to stop the market. Markets are being destroyed, which is a regrettable situation. You must rely heavily on diversification if you wish to remain green. Currently 17% up on my $840K portfolio while being cautious. Even so, it's still better than keeping it in a checking or savings account that pays 0-1 percent interest

[@zoeytank2921]

It is more difficult to create a solid investment portfolio, thus I advise hiring an investment advisor. You can then receive plans created to address your particular long- and short-term goals and financial aspirations.

[@champhallier8468]

For the past 40 months or more, I have been investing on my own. I researched and analyzed everything on my own before making a purchase. After the pandemic, things actually got quite challenging, and that's when I sought advice from an investment advisor. Over the course of more than two years, I increased my reserve from $280K to $435K. She provides me with premium copy trading dependent on market conditions.

[@graceocean8323]

@@champhallier8468 I will need such tutelage. How does this work?

[@champhallier8468]

@@graceocean8323 The advisor I employ is very well-known; you may have heard of her before. Her name is "JOHANNA MUSSCHE," and you can look her up online by doing a search.

[@Jy-xq2ew]

are a bot?.. i saw this exact same comment on another video…

[@Ivanymaina]

Watching from Kenya, Africa and I'm preparing for winter. Thank you Pat for every single video you have ever dropped. You continue to inspire and change my life!

[@MicahsRants]

Thank you for keeping us informed! Keep up the great work brotha!!

[@wallacesouza2678]

Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.

[@giadacolombo1249]

You are right, so many people don't know this

[@mosesalbert2260]

Cypto is lucrative, people are just confused because of it's volatility

[@aarongirard1595]

Cypto is risky as many would say but I think the actual risk in it the fear of not Investing

[@villadschristensen1322]

@@aarongirard1595 Without risk you can't be successful in life. Most millionaires you see today took risk to become who they are today

[@akshats9709]

@Vincent Coleman You can connect with exprt Olivera Jane okhumalo, I've been Investing and trading my cyptocurrencies with her signals and has been noth

[@danielmac9838]

I agree, Pat. The market will be fine long term. My worry is that the majority of people will not, considering how severe everything will get. its not necessarily investment wins or losses, it's the average person struggling to stay solvent, and keep a roof over their family's heads and food on the table. Society will come through this and learn a very hard lesson about turning basic human rights, like obtainable access to shelter into assets and speculative tools.

[@ronald8792]

The market will never come back. Why would it? The days of consuming and being wasteful are over.

[@Rod1879]

Thanks for honest content.

[@halreneau6343]

I feel u are spot on man u hit the nail on the head people got too carried away with low interest rates and sky high housing prices its coming back to reality now you have to face reality of your situation some day

[@kendrickmancia1246]

Thank you for the golden nugget Pat! I appreciate the perspective you bring. Always dropping wisdom to us all. ❤

[@nickl4326]

Always dropping great content 💯💪👌

[@luckymanx2978]

Thank you for showing sources! Great job please always show sources when showing data. 🔥

[@cwc9042]

Thanks Patrick for all you do, it's very refreshing to get the truth from someone in your position instead of bs. I really appreciate all your videos and the knowledge you give. Thanks again Patrick

[@amvic207]

thank's Sir. always on our side

[@mywasap4519]

⬆️⬆️⬆️ wasap ✍️👍✍️

[@eugeniustheodidactus8890]

I recall a friend taking a 16% mortgage on a $25k house back in the early 80s. My perspective back then was that I'd never be able to afford a house. My first house was @ 10% in 1989.

[@kilozulu9990]

You're absolutely right Pat. I've been 90% cash in my retirement plans since December and will go all in some time next year. I have no illusion that I can time the bottom but this stock market has at least another 25-35% to go down. If I'm wrong that's fine but I think next year will be brutal, maybe even worse than 2008...

[@Slayer8957]

Smart move, but you gotta commit and stay strong. I expect a short-term market rally next year in 2023 q1, and a lot of people will be trying to convince everyone who stuck out 2022 to jump back in, only for it to crash hard by june 2023. It will be bad.

[@Writing-With-Dyslexia]

@@Slayer8957 That's very precise, but I can't argue against one word of it! I've been anticipating around the spring of 2023 as well

[@Slayer8957]

@@Writing-With-Dyslexia I just expect a short term rally at start of new year that many will mistake for the beginning of a turnaround when instead its just a lull before an even bigger storm.

[@Slayer8957]

@@maxsoregon absolutely. stocks are still overvalued, better to stay in cash and wait for true price discovery.

[@Pyramid333]

You are right. I disagree comparing the interest rates 30 years ago with today. Here is why. 30 years ago the average mortgage was 1-2 times the yearly salary today is 10 yearly salaries. Numbers are different because the 10% rate of 100k home 30 years ago has a huge difference with today's 10% rate on the same home costing 1m $. Home prices do not rise in value but because of the inflation.

[@TheEnesdaniel]

Always the best content from Valuetainment, worth every second. Just a bit small thing that kind of bothers me, it seems like the sound is a bit distorted on some videos, I don't know if that's just me

[@LaFanfanTulipe]

I'm 74. I experienced a high-interest rate of as much as 14 percent. I used to love it as my salary will increase also. In 1981, I bought my apartment for $62,000 at an 11 percent interest refinance it at 8 percent and sold it in 2006 at $340,000.

[@GORILLA_PIMP]

Send me some money please granny I love you

[@jimbo9661]

And u had to wait 25 years for that lol. At 74 if you still working your a slave

[@Big-yh8wz]

11% on a 64k mortgage, can’t compare those rates to todays market prices

[@sinforoso2000]

@@GORILLA_PIMP lol

[@LaFanfanTulipe]

@@jimbo9661 I enjoyed my apartment a lot. I was a single mother with two babies in my arms and no child support. It was the best time of my life. I had a swimming pool right below my balcony and lots of space where my son will compete with his friends on bikes, rollerblades, skateboards, tennis, and so on. I worked in two jobs to make ends meet and loved my job as a trilingual secretary in various international companies. Later on, my company encouraged me to go to university to get a degree in accounting and a CPA and it paid my tuition 100 percent. Those were the good old days with plenty of freedom. I will not hesitate to pay another 11 percent for this apartment. I now enjoy my retirement: I knit, cook, clean, take care of my organic garden, play with my grandchildren, and learned to swim the butterfly with ease two years ago by using KZbin. I even enjoy the lockdown since now I have a house with 3/4 of an acre thanks to the money I made from my old apartment. And I have no HOA behind my back telling me what to do. My children are also doing quite well. By the way, I cost nothing to the American government. I get no social security and Medicare but had to pay federal and State taxes.

[@deborahportillo6454]

I became a realtor in 1984 (I was only 25 years old) interest rates 12 - 13% were crazy. I worked for Century 21 and within a few months I sold over a million dollars worth of very low cost home. Today, I have decided to go back to being a realtor because this is the time to get into real-estate!

[@newmoneymarcus]

💯

[@nashhodge3803]

Huge respect to you Pat. I live in London and I wish I had a mentor like you personally. Thank god for youtube haha! I get to go through all your videos and pick at all the awesome knowledge you give for free!!

[@TexasRiverRat31254]

Thank you Pat! I don't always agree with you but that's fine. You make me consider other points of view and sometimes we actually do agree. Stay well.

[@propheticwarrior100]

Once again, hats off to PBD for sharing the facts. I listen to Ramsey and laughed to myself when he said the crash was fear porn. I don't know if it's going to crash, but the real estate market is slowing as the rates rise. When the wealthy shed liabilities, its time to take notice and prepare.

[@mywasap4519]

⬆️⬆️⬆️ wasap ✍️👍

[@millsy3221]

Just need something to break for it to crash. People to not be able to payback mortgages due to cost of living crises. It’s possible. The slowdown is evidence the second hopefully comes soon!

[@ibberman]

Time will tell, but Ramsey has been around longer, we'll see how it goes. We are holding off buying for now, but we said that over the last 1-2 years and lost big, so far.

[@PeacockRhino]

His advice to get out of debt is excellent but some of his investing strategies are overly optimistic.

[@millsy3221]

@Damian trust ramsey is emotionally attached to real estate

[@Spacingandpacin]

Get Dave on the show! We’d love to see you guys duke it out 🥊

[@alexmacchalatte]

Best video I’ve seen in a while. Another maxim I live by, in addition to “only the paranoid survive”, is “expect nothing, suspect everything”.

[@ckagne]

Patrick is hitting the nail on the head. He's showing the real value you learn in the military - contingency plan. Being positive doesn't mean put your head in the sand and hoping for the best. Being positive means having hope in spite of bad stuff happening and looking for the opportunities to take advantage of when circumstances change.

[@cranerigging3604]

Keep telling it like it is Patrick ! 👍 The "Pendulum " is swinging back the other direction now .

[@robertreyes4791]

Patrick you are so right, most people have never live In hard times . We have been riding a high horse for awhile now. And It time to pay up!!

[@petebe2645]

Your content is exceptional! Please keep up the great work!

[@shawnmiller163]

Happy I didn’t buy a house and decided to go into base housing for a little while. Thanks PBD you’re out here still having an impact on the boys👍🏻

[@sjnix7044]

I’ve been super cautious with my retirement account. In fact I moved almost all of it into funds that really don’t move much at all. Yes, I e left money on the table but I’ve also avoided some of these wild swings. I’ve taken the “bird in the hand” approach but if the DOW pulls back to sub 28,000 that’s going to be my jump in point. Even if it drops further it shouldn’t be much and I’ve still got 4ish years to retire and a nice PERS pension as my bedrock.

[@mywasap4519]

Send a dm right away 👍⬆️⬆️

[@sjnix7044]

@Worst Case Scenario not much I can do about that.

[@HeavyK.]

I'm patiently waiting for used car prices to come down. This is because I watch different opinions and view points from all around. An important concept I'm embracing from Pat is this. I might be wrong about used car prices coming down, but right now, I have not put myself in danger from being wrong. If used car prices come down, I can buy one at a better price. If used car prices don't come down, I can simply not buy one.

[@billyvgonefishing973]

Thanks so much Pat. I’ve been around a little while bought my first house at 11 3/4 % but homes were much cheaper back then. I’ve lived through several down markets but did not have the power to take advantage when the markets hit bottom. Thanks partly to you now I am set up and ready for all the sales. Such important information you’re putting out. Thank you

[@geekmeister3997]

I appreciate you Patrick! Thanks for being honest!

[@hachiback6018]

can you make some videos about investment strategies during times like this should we all be cash or is there anything we can do to capitalize on this kind of situation

[@yume816]

Bonds, commodities and stocks. Maybe buy a business

[@lominero5]

Next year will be tougher than 2020, but stay strong, We will make it through.

[@mywasap4519]

⬆️⬆️⬆️ wasap ✍️👍

[@locks4]

@Worst Case Scenario good for you bro! Multiple income streams are the way to go

[@CRGB-ec3vu]

We’re now feeling the effects of the pandemic, the unsuccessful QE / printing, geopolitics. It’s much worse

[@Heavytee21]

Thank you for the great job you are doing, and sharing your knowledge.

[@monjier]

Man it would have been cool to quit my job maybe mid next year instead of mid this year 😂 but couldn't take working for someone else. Guess it'll be fun building a business in the recession lol

[@Cub__]

How do you start a business?

[@cjoloff2340]

I did it bitch pawn shop life

[@ElyWaves.]

@@Cub__ you come up with an idea and then find out if that idea is worth anything by talking to people and trying to sell it. Once you find that it does have value, then you start to put processes in place to sell. Before you know it you’ll be well on your way to building a business.

[@GenXcollectible]

And THIS is why I watch your content and buy your books. I may not agree 100% all the time, but I respect your honest take on issues.

[@DemetriosLevi]

Pat is on point with the extreme short term memory people have...everyone seems to forget about the late 70s and early 80s. I knew this would be bad when I saw all these luxury clothing brands discounting some actually good items over 80% off in droves. Brace for impact fellas

[@1138prometheus]

This is a very good coverage of the situation. A lot of these players know that the crash doesn't happen as a crash but the sequential deterioration of various segments which eventually comes unstoppable. During this period of confusion they know many more lambs can be brought to the slaughter. Just let your listeners know in the last crash that group of people who caught the falling knife and came back in just before the implosion stayed trapped upside down in their homes for 8 to 10 years

[@desiignvortex8765]

Federal Reserve will have to hold higher rates to destroy sentiment & inflation. I believe 30yr fixed will hover at 9.5% to 12% between Q2 2023 & Q1 2024. I'm estimating low 3000s for the S&P in mid 2023. Perhaps another "V" shape recovery to ATH into the end of 2024 I love the content Pat, I've watched you since 2015 Keep it up!

[@sergiigavryliuk5946]

I agree 100%, all this craziness could never last long. I’m in a transportation business and we had two best years ever, but it looks like the party is over and I knew it was going to happen

[@mywasap4519]

⬆️⬆️⬆️send a dm right away

[@PlowenYourMommy]

The national debt in 1990's was on 36.4% of the US's gdp. The national debt to gdp today is approx 126%. The US could not afford the interest payments on the national debt if the fed raises interest rates to 10%. Almost all of our tax money would go towards paying just the interest of the national debt and not the principal amount.

[@bena2467]

Great video!!!! Very insightful. Spreading knowledge

[@RuslanKD]

PBD with Shots fired at Dave Ramsey! I love it. The paranoid are the ones who survive.

[@mywasap4519]

💌💌✍️⬆️⬆️ Let's talk now ❤️

[@Holy_Athletics]

Dave has had a history of being accurate with most of his predictions.

[@parth120990]

This is the reason love this man… he speaks the truth and is not afraid of painting a pretty picture for people. Mad respect for you Pat!! Keep up the great work!

[@mywasap4519]

⬆️⬆️⬆️send a dm right away

[@eoin7704]

Pat, bro, you are knocking it out of the park lately....Good job my man....

[@MrHellenas23]

Good video. Best line and what i see its so true....dont let a good market fool you that you are good at what you do, dont get cocky

[@teresasean3117]

If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can not tell if it's going bearish or bullish. While myself and others are tradimg without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.

[@kevinmaurice9675]

People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.

[@aaronmichael5774]

You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.

[@maryjames2691]

I'm just shocked you mentioned Expert Meltem Demiro thought am the only one trading with her

[@elizabethremond6508]

Actually I trade cry ptØ currency on his broker with assistance from there top cry ptő analysts Mrs Meltem she's my professional assistant. I have been under him for 2 years now.... I've really made alot trading from his strategies in Crypto currencᎥes this period.

[@johnpedro6750]

[@moroccanfuturestrader94]

The worst is yet to come i sold everything and told my family to stay liquid, i have my eyes on family businesses owned by careless heirs, industrial zones close to the cities, lands near newly built dams and family vacation beach properties for daily rental if i play my cards right February will be the next big thing

[@queenbee4637]

I am doing the same. I am like a vulture circling the skies waiting for fresh meats.

[@vmtl4659]

@@queenbee4637 the problem THIS time, i think theres ALOT more vultures than we think...

[@moroccanfuturestrader94]

@@vmtl4659 lost blind vultures🤣 believe me Moroccan heirs are like the American trust fund babies they fight each other, they feel ashamed of unsexy businesses and they start spending like maniacs when the old man dies

[@moroccanfuturestrader94]

@@queenbee4637 Man i miss trump tweets and those oil trades and the free money fueled spacs and startup bubble

[@themacker894]

You are both correct, though you misunderstood Dave’s tweet. He’s all about some pain now in order to live better later. He’s not saying everything will be as it was. He’s saying more along the lines of “people bought houses in the 80’s and you will be able to buy a house in the future.” He’s a realist as you are. Make a solid plan based on the challenges you are facing and stay with it.

[@sakethreddy4450]

Thank you for the insightful thought provoking analysis. I was very adamant and i was almost at the point of buying a home since the fall of prices never came. All it comes down to is patience and logic. When salary raises have been 3-5% how can someone all of a sudden afford 50-80percent home price raises. Were they thinking short term thinking their jobs are safe. Were they not preparing for the worse times

[@stevenjames14]

I’m slowly unsubbing some of my most watched creators because their agenda is more important than the truth. Thanks for keeping it 100

[@nomadtravels99]

Graham….

[@queenbee4637]

@@nomadtravels99 Stephen......

[@heavenlyscents-oliviasands854]

This nurse feels the pain of this recession, it’s been rough for so many!

[@mywasap4519]

⬆️⬆️⬆️send a dm right away

[@Westcoastrocksduh]

Nurses are in high demand. Your doing something wrong.

[@Jason.cbr1000rr]

Well, i conducted my own research and came to the conclusion that almost 70% of nurses are evil/bad/psychopaths... especially the madam ahem i mean the head, managing older nurses in their mid 40s and over.. they treat patients like crap and can project their own personal issues and problems into their victims/paitients... so sad. Nurses in their 20s and late 20s to 30s start young, innocent then realise its just business, do their procedures needed on the patient(s) and finish, let them go and repeat, that smile and nice soothing talk is all fake. Trust, i have relatives and friends who are nurses and all females which the majority are. Their 2 faced as hell! Evil buggas

[@eskanda3434]

Nurse feeling recession? How you have high paying salary with high demand job that is recession proof.

[@JC-21470]

Agree, I keep hearing people say this is not like 2008 and I say "I Know it is worse" and it takes time for prices to adjust. House market cannot adjust like the stock market it takes years, 4 years from 2008 - 2012 before the bottom was in. Strategy now is to accumulate cash, reduce all debt wait for unemployment to rise and finally FED will pivot. 2024 could be some great buys.

[@dg4175]

Pat I've been a huge fan since 2017 bro I don't take risk like you but I've never heard you say anything that I couldn't fact check I just want to say thank you for sharing your wisdom with the world because we definitely need it in times like these please keep putting out all the grate content GOD BLESS YOU YOUR FAMILY AND PHP

[@carter3294]

Is this a good time to buy stocks in the Europe? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to maneuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere...

[@LuisVargas-ih5vm]

I'll suggest you find an investment coach or someone with market experience before the 08' crash to guide you amidst this inflation.

[@chrismillson2779]

@@LuisVargas-ih5vm I agree with Luis, that's the more reason I prefer my day to day investment decisions being guided by an inv-coach, seeing that their entire skillset is built around short & long term holdings for profit realization, coupled with the exclusive analysis they possess, it's near impossible to not out-perform. I've been investing with a coach literally for 4years, and have accrued approx. $1.4m in net-profits thus far.

[@carter3294]

@@chrismillson2779 congrats. this is huge! mind sharing info on the coach that assists you? cos i’ve got a bunch of stocks that keeps tanking and don't know if its best to just dump amidst ongoing inflation

[@chrismillson2779]

@@carter3294 The coach that guides me is Christine Blake Mckale, she's a registered advisor and has a wide presence on the web, so it shouldn't be a hassle to find her deets online

[@Will-jg2zs]

The reason why Dave Ramsey says it's going to be okay, is because there are a shortage of homes right now compared to buyers. In 2008 it was opposite, there were more homes to buyers by a lot too. That's why back then homes were so cheap for a moment.

[@DJRS2178]

Supply shortage is a myth. Just wait till spring when the stalemate sellers realize their house still isn't selling, drop their prices and cause a frenzy of listings. Then there's also forced sellers. Those underwater.

[@wjs2394]

A shortage of homes doesn’t matter when people cant get a mortgage due to high house prices, combined with high interest rates as well as a high cost of living. What happens then? Demand in purchasing a home drops like a rock, or house prices will drop like a rock. Its all about affordability, not availability.

[@Will-jg2zs]

@@wjs2394 the reason the fed raised interest rates cause the over bidding and greed people were doing to the housing market wasn't healthy nor sustainable either. Those people who want homes are still out there just saving up their money. They didn't go anywhere. Yes, will less people buying homes right now of course! But people in the Jimmy Carter era were still buying homes (not as fast either) when interest rates were up to double digits.

[@wjs2394]

@@Will-jg2zs I’m actually one of those saving up. Managed to save over six figures and we are now priced out.

[@Will-jg2zs]

@@wjs2394 I'm sorry to hear that mate, really. I think Dave just mainly wants people to turn down the drama meter a bit. He's admitted it's not great ofc but despite this event, you'll still be able to get a home. Might need to adjust your plans right now obviously either still be stacking money for a down payment or try and increase your income a bit. But he doesn't want people to lose all hope and be like, "welp, I'm screwed... permanently" lol that's not the case.

[@EmadHaddad]

What do you recommend a first time home buyer to do? Keep renting or buy whenever you can?

[@geng8667]

I remember the high rates. My dad bought a home in the 80’s with an interest rate over 9%. I remember California home’s values falling drastically, too, in the 90’s.

[@legacymedia8468]

Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.

[@chrisbluebird5037]

you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

[@mesutserim1595]

@@chrisbluebird5037 I'm sure the idea of a coach might sound generic or controversial to a few, but new study by Investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $400k from an initially stagnant reserve of $150K all within 14months

[@mesutserim1595]

@Finest Bear Hug credits to Wendy Helene Bennett, one of the best portfolio managers out there. she's well known, you should look her up

[@Natalieneptune469]

@@mesutserim1595 Thanks, could really use the recommendation, I've been losing a shit-ton lately, I looked up Wendy Helene Bennett and booked an appointment...will keep you updated

[@ValentinArzola]

About 6 weeks ago. I was telling a friend 8% was a sure thing in the next few months. 2 to 3% home mortgage rates were an anomaly. They laughed at me. 😆 Only reason I know this is because my dad bought his house at 8% interest rate back in 1979. How he pulled that of I don't know because the average interest rate was apparently 11+%. Luckly, I refinanced my mortgage to 2.875% for 12 years, 3 years ago. Those rates will never happen again at least not in my lifetime.

[@mywasap4519]

💌💌✍️⬆️⬆️ Let's talk now ⬆️

[@robertrocha411]

First time listening to Patrick. Very informative. Really like the way he comes across. I have subscribed to this channel. Look forward to future content.

[@carlosmiguel-bq3ov]

you are really changing the world thank you for that

[@andersjrgensen6392]

When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.

[@millerrolando7836]

Mrs Carol is obviously the best

[@millerrolando7836]

I invested $10,100 with her and she made profit of $53,000 for me just in a week

[@millerrolando7836]

Her successful story is everywhere

[@Mary-ff9ky]

Oh Yes I can believe that, I'm a testimony.

[@Mary-ff9ky]

It was so sad after receiving the first pay knowing I invested so low with fear.

[@checkforme234]

We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?

[@kimyoung8414]

Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.

[@erichkraetz2622]

@@kimyoung8414 The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since using a coach for about 2years.

[@joesphcu8975]

@@erichkraetz2622 Do yo mind if I ask you recommend this particular coach you use their service? I have trouble knowing when to buy or sell.

[@erichkraetz2622]

@@joesphcu8975 Sure, the investment-advisor that guides me is *Eileen Ruth Sparks* , she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@joesphcu8975]

@@erichkraetz2622 Thanks, could really use the recommendation, I've been losing a shit-ton lately, I looked up Sandrine and I wrote her detailing my Fin-market goals

[@JosephBosas]

Bro I love that you bring real content. “I don’t want your support” LOVE IT

[@JosephBosas]

Just did thanks bro.

[@cannednolan8194]

I have been thinking similar things. Seeing this during my childhood. $50g home people paid over $200g for cause of the interest. The largest wealth transfer continues.

[@CreativeCashflow1]

The moment you realize youtube teaches more things than School.

[@shikyokira3065]

When you have all your cash in hard assets, you don't want to hear bad news

[@mywasap4519]

⬆️⬆️⬆️send a dm right away

[@GORILLA_PIMP]

What's you got kira? Send me some please

[@SCDC-Channel]

Totally agree with you.

[@danfortino4540]

We needed to see this. Thank you

[@AlCafacci]

Love how Pat explain how economy and business works. He makes it so simple to understand! I got nothing but love and admiration for this guy!

[@phillipbranch2887]

@@wordsalad01 YES 🙌🏻

[@johnk3071]

Say what you want.. "But,God is moving."

[@mikewilliams5499]

What do you mean?

[@johnk3071]

@@mikewilliams5499 look at the sheer madness in the world today.. the Bible says ,"in the last days good will be evil..and evil will be good." (Isaiah) I live in New York City and I've been here over 65 years and I've never seen so much insanity..ever.. in my life like this and every day it gets worse!!

[@mikewilliams5499]

@@johnk3071 ok. I see the angle to your saying. Yah is not moving. It is satan that is moving right before Yah's kingdom to come. The son of David will destroy this system based on screwing people over in a lifetime of debt, that of which the shill Dave Ramsey supports. Sound money is gold and silver according to scripture but the mainstream financial gurus seem to disagree.

[@brownfox2292]

5:11 sums up everything of what’s been going on. Pat is spot on

[@Luxurytainment]

💯

[@mywasap4519]

✍️✍️❤️⬆️⬆️

[@19poundpound94]

The only thing I would disagree with you and Elon is that this recession will not end in 2024, but instead, we are heading towards a lost decade.

[@mywasap4519]

⬆️⬆️⬆️send a dm right away

[@sinnombre5466]

That salute was all kinds of fkd up… couldn’t even tell who was supposed to initiate…. Aaaaand since when do we salute in theater 🤣🤣

[@dancing_reaper2046]

This is world wide… In London and watching so many houses get listed .. variable rates are up from 2% to 5.8% and it’s not done yet …

[@yurielcundangan9090]

Being dead is Better than being poor- Argument for abortions

[@Teal_Seal]

Do you always speak for others?

[@michellelee5538]

Thanks for this video Pat.

[@123lou4444]

Well said......... It's better to be prepared 1 year before then 1 year too late after the fact........

[@bbyevo8u]

Great video as always Pat! Should I dollar cost average during these times or save and wait for the dip?

[@sethkang4410]

can you make a video on tips on what to do? like how important is credit card debt, what bills to pay off right away. etc