Ep 96: Owen Schrum: Crypto, The Fed, and Other Things Not Said

Update: 2022-02-15

Description

In this episode, The Annuity Man and Owen Schrum discuss:

Correction and volatility in 2022
Blockchain and cryptocurrency
What’s causing supply chain problems?
The most critical time for investing

Key Takeaways:

We will see a big increase in volatility this year and at least two corrections in 2022. Corrections are when the market goes down 10% or more and then corrects itself.
Blockchain technology is legit, but cryptocurrency is a risk-asset class; it has no stored value. It’s a way for people to trade something.
Outsourcing products overseas is dangerous. A disruption in their area could cause huge supply chain problems.
The most critical time investing is the three to four years before you retire and the three to four years after you retire. You can’t take a chance on luck when you retire.

"We’re going back to an era where diversification is king. You need to have different asset classes, different sectors, different size stocks. You need to be diversified." — Owen Schrum.

Connect with Owen Schrum:

Website: https://www.schrumpw.com/

LinkedIn: https://www.linkedin.com/in/owen-schrum-24319417/

Twitter: https://twitter.com/SchrumOwen

YouTube: https://www.youtube.com/channel/UCbT6r4ywyZ98UsbrHm_m_zg

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: Stan@TheAnnuityMan.com

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

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