Gen Z Investing in Meme Stocks Like a Casino? | Kyla Scanlon

Kyla Scanlon (‪@KylaScanlon‬) unpacks the 'casino' market dynamics, meme stock madness, and strategies to navigate the uncertain economy.
In this episode, host James Connor and financial expert Kyla Scanlon as they dive into the future of our economy in this crucial episode of Wealthion. Discover Kyla’s insights on market volatility, the role of meme stocks like GameStop, and what young investors should brace for in these turbulent times. Kyla, a seasoned financial influencer and educator, shares her strategies for navigating a market she compares to a casino.
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TIMESTAMPS:
00:00 - Introduction
01:25 - Kyla's Background & Influence
03:08 - Views on the US Economy
04:49 - Consumer Trends & Market Divides
07:21 - Inflation and Price Dynamics
10:09 - Government Spending & Economic Impact
12:09 - Stock Market Insights
15:54 - Meme Stocks and Market Speculation
19:00 - Interest Rates & Monetary Policy
22:32 - Gen Z's Economic Outlook
24:17 - Trust in Institutions
26:47 - Generational Representation in Politics
29:00 - Challenges Facing Baby Boomers
30:37 - Advice for Financial Future
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.
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[@KylaScanlon]

thanks for having me on!!

[@Wealthion]

Thanks for joining us!

[@Greghilton3]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@Elkemartin213]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@Jamesbrown1126]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@SteveEstrada-js9nu]

This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

[@Jamesbrown1126]

Amber Dawn Brummit is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.

[@Jamesbrown1126]

My CFA, Amber Dawn Brummit , is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@123svx]

Extremely well educated young lady on the current economic mess. Moreso than many older Talking Heads. Take note!

[@marcusillingworth4682]

Really enjoyed this interview, interesting to hear the ‘mess’ from a younger person’s perspective. Think we can all agree then, young or old, what looks good on the surface is anything but if you peel a layer of the gloss off!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Marcus! Yes, I agree it is interesting to see how they view the world.

[@chriswyer8741]

Loved this session ❤

[@QuestionHouse]

Great discussion. The thesis commonly overlooked in discussions regarding GME is that holding GME is an anti-corruption play. A fight to end Failure-to-deliver stock purchases, a result of naked short selling . Realizing the gravity of FTD’s destroying price discovery, South Korea, Japan and India have recently implemented restrictions on counterfeit share creation. There’s a saying “No cell, no sell” meaning GME holders won’t sell until criminal detention replace mere fines, as fines have never stopped FTD’s.

[@rd9102]

She is very young but the intellect is sound and well thought out. Good to see young folks taking their financial success seriously, so many of their generation are lost in just the basics of success and politics. Great to see someone be successful and intelligent that young.

[@philipt9350]

While the administrations needed to ensure economies avoid recession during the pandemic by increasing liquidities, I think the printing went into overdrives (perhaps for certain reasons not shared), with inflations rising significantly months later, due to the lag effect. I think the Fed printed about U.S. $3 trillion between Feb 2020 and Dec 2020. This translated to about U.S. $411 million per hour (assuming 24/7 printing). A huge amount without including printings by other sovereign countries. Huge demands and supplies imbalances surfaced when the increasing demands from institutions and populus overwhelmed the supplies side in real estates, stocks, commodities, goods and products as such supplies took much longer to generate. Also, not helping was the supply chain constraints during the pandemic lock-downs. Unfortunately, as discussed in the video, the prices of everything will continue to rise despite the current disinflationary environment, unless situations turn deflationary.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If the gov does one thing exceptionally well it is printing money.

[@philipt9350]

@@BloorStreetCapital Well said Jimmy, and thanks for your reply.

[@FivedotFiveSix]

There you have it folks, Taylor Swift and Dominos are doing great Everything is fine

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! I think I sense some sarcasm.

[@johnsmith4933]

wow.

[@marcobiagioni]

❤❤

[@chriswyer8741]

Of course the economy is strong… show me a trillion dollars and I’ll show you a party (courtesy of Jim Rogers)🎉🎉

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Chris! That would be one hell of a party!

[@oscarellis2563]

Home is a great investment to start a family 1st of all but sure why not gamble that money on the Wall St casino or panckake coin😂

[@dadonewetube]

🤙🐑🤙

[@rob3bbb]

what?

[@NotAvailable_na]

WASTE of time! 🙄🙁😠

[@user-jo2iq6so7d]

LTCN and BCHG get in now.

[@cliffthecoolcat]

I quit going out to eat. I got rid of my girlfriend which was an expense. I jacked up my prices. People are paying. I'm banking. The majority of homeowners are women and they can't work on them. They got the good jobs and they can afford to pay.