#138 Peter Mallouk, CEO of $245B Creative Planning: 'It’s Hard To Be Anything But Optimistic Over The Long Run'
Peter Mallouk, CEO and President of Creative Planning, a $245 billion RIA, shares his macroeconomic view, emphasizing long-term optimism due to low unemployment, emerging markets, and technological innovation. He advises investors to focus on the long run and not be swayed by short-term risks.
Mallouk discusses the potential for rate cuts, the US debt situation, and his skepticism towards cryptocurrencies and gold as investments. He recommends a diversified portfolio focusing on equity-oriented investments, including stocks and private equity. Mallouk also highlights the importance of avoiding common investor mistakes and maintaining a long-term perspective.
Takeaways
Links:
Money, Simplified book: https://www.amazon.com/Money-Simplified-Peter-Mallouk/dp/B0CLZ1W9RD
Twitter/X: https://twitter.com/PeterMallouk
Creative Planning: https://creativeplanning.com/
Timestamps
00:00 Introduction
00:46 Macroeconomic view
03:14 Navigating short-term risks
04:42 Market outlook for 2024
06:15 Investing in stocks, small caps
07:38 International markets
08:28 Federal Reserve and interest rates
10:30 US debt situation is the No. 1 risk
14:00 Bitcoin and cryptocurrencies
15:23 Role of gold in a portfolio, Mallouk not a fan of gold
17:06 Preferred investments
18:54 Common investor mistakes
20:21 Investor psychology
23:07 Peter Mallouk's journey
24:46 Where to find Peter Mallouk
25:17 Long run optimism
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