The stock market continues to rise in spite of the dire predictions we’re hearing from analysts and pundits. What’s that all about? As you might expect, we’ve got some ideas about what is going on and you may be surprised to hear that we tend to think the market is right and the pundits are wrong.
Listen to hear why we think so and what we believe is going to happen with Big Tech companies. And... in our “Tipping Point” segment we address one of the biggest issues we see coming through our planning practice: Retirement Planning and the MYTHS that fuel mistakes. Don’t miss it!
You will want to hear this episode if you are interested in...THE NEWS IN PLAIN SITE:
THE TIPPING POINT:
THE HIDDEN FACTS OF FINANCE
As Chris points out, sometimes it feels like there would be no news if there wasn’t bad news. But that statement is NOT taking into account this fact, which is not being talked about: 84% of companies have beat analyst expectations by 22%. That’s the story of this market - everyone has been negative about the economic outlook and meanwhile the market continues to prove them dead wrong. One example from this episode:
A double-dip recovery pattern was predicted. It hasn’t happened. Instead, we’ve experienced a a “V-shaped” recovery of consistent growth. How can Wall Street get it so wrong? There are many reasons for such misguided notions, and it’s what we address on this episode.
Is the market missing something? Nope. It’s investors who are missing outWe keep hearing that the market is missing something, but it’s not. The market is doing what the market is supposed to do. It’s looking toward the future and has been very accurate so far. It’s Investors who are missing out on great opportunities provided by the current market.
Why? Because they are worried. This whole COVID thing has everybody concerned that the market is unstable and that investing is risky right now. Pile on top of that an upcoming election and you can understand why Investors are leary. But here’s the thing, worry isn’t a good strategy. Holding onto your cash isn’t either. There are many places to put your money that will include income with growth — and I’m not talking about big tech companies.
Join us for this episode. You’ll hear our opinions about how to take advantage of the market conditions we’re experiencing right now.
The 80% retirement income myth is hurting lots of peopleYou’ve likely heard it said that you can plan on needing about 80% of what you currently spend each month to support your retirement years. From years of running a financial planning firm we can tell you that is simply not true. When you have more time on your hands, which you do during retirement, you tend to spend more money. The fact is that you’re going to need MORE money to live on during retirement, not less.
Let’s look at a handful of the reasons we can say that so confidently.
So the question you need to answer is this: “Where is that amount of income going to come from?” Said another way, “How do you make decisions about what goes into and what goes out of your portfolio?” Listen to hear how we suggest you figure out how you’re going to fill the income gap.
Resources & People MentionedSee if you qualify for a complimentary financial review from the Paynes
Connect With Ryan, Bob, and ChrisShould you sell out of a sideways market? Ep. 141
Don’t invest with your emotions Ep. 140
Financial disagreements between spouses Ep#139
Market Correction: No, it’s not different this time. Ep. 138
Best earnings quarter in history? Ep#137
Important questions about Estate Planning with Marianna Moliver - Ep. 136
Are robots taking over? Ep. 135
Goldilocks jobs report? Episode 134
Will the Fed break the economy? Ep#133
Summer Sell-Off. Buying opportunity or recession warning? Ep#132
Back to the office? Is work from home ending or here to stay? With Eric Sigurdson
Creative destruction is real. Remember the BlackBerry?
What are you doing with your cash?
Big banks beat expectations
What’s really in your portfolio?
If you own the S&P 500 are you really diversified?
Cyber Fraud and Scams Investors Need to Watch Out For
Will technology help solve the labor shortage?
How the Forbes legacy began, to the Fed and AI – Our interview with Steve Forbes Ep#123
Does the new bull market have bad breadth?
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