Q2: How a potential recession and ongoing stock market volatility can impact us–for worse and for better
Manage episode 474519902 series 3495582
Linda Garcia, Texas House Representative, author of Wealth Warrior: 8 Steps for Communities of Color to Conquer the Stock Market, and founder of In Luz We Trust, is dedicated to empowering BIPOC and Latinx communities through financial literacy. Her podcast, Investies, tackles real-money topics, demystifies investing, and explores crucial areas like the stock market, money management, and the impact of interest rates on personal finances. Linda’s work advocates for financial independence, championing equity and representation for all, especially immigrants and marginalized communities. As a financial feminist, she encourages listeners—regardless of political affiliation, be it Republican or Democrat—to take control of their financial futures. Through her podcast and advocacy, Linda tackles the intersection of financial education, the economy, and geopolitics, helping diverse communities build wealth and secure their place in today’s financial landscape.
Last week, the stock market made a “v-shaped” recovery–a steep recovery after a very steep drop. But are we actually in the clear? Linda analyzes why these gains aren’t sustainable, given Trump’s volatility as a leader. His ever-changing policy decisions on things like tariffs, immigration, and diplomacy have really serious implications for the economy, and for the stock market. We’re talking recession-level implications. Is this scary? Yes. But remember: millionaires are made in recessions. During moments of financial crisis, we can make strategic investments in blue chip stocks when they are down--and expand our portfolios exponentially. Linda dives into recession-era investment strategy.
There are so many ways to make the stock market work for you as you gain more experience as an investor. If you have questions about different kinds of investing, please reach out! You can find us on Patreon, and submit questions without getting a membership (but we appreciate it if you do decide to invest in our show!). We love speaking with our listeners. Happy investing and happy trading!
Listen early and ad-free for $3/mo on Patreon
https://www.patreon.com/Investies
https://www.inluzwetrust.com/wealthwarriorbook
Produced by Cosmic Standard & In Luz We Trust
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88 episodes