What's up! It's episode 97 of Payne Points of Wealth and markets are melting down. The fear is real, but could this fear go from fear to FOMO? We're going to discuss exactly what's going on. As we're recording this FedEx saw its stock drop 20%, and the CEO thinks that the world is going into a global recession. We might have a different point of view. We'll talk about that. On the Tipping Point today, we're going to talk about some of the most significant strategy mistakes that Wall Street loves to push on you that you should avoid at all costs to make sure you stay on your path to financial independence.
You will want to hear this episode if you are interested in...Is it time to load up on the municipal bond market? The way these governments keep spending money on state, local, and federal levels it's only a matter of time before they try to jack up our tax rates again. We've got to look at the advantages of tax-free income.
First of all, you want to be certain that you have a portfolio with permits and definitions. We want to know what we're making and when our money comes due. But when you look at the equivalent yield of a tax-free bond right now, in some cases, depending on your state income tax, you're getting anywhere from a 5 - 8% return. How much return do you need to achieve all your lifetime goals? If you can do it with more certainty, why not?
This week on the tipping point: Strategy mistakesDuring times when it's very volatile and uncertain in the markets, like right now, there are a lot of strategies that Wall Street loves to sell you. We know from experience that they just don't work. We can't time the market and a lot of people tend to project the future based on their most recent experience. When there are all-time record highs, like the markets just had this past January, nobody wants to panic out. You only want to panic or time the market when the market's are down and you feel like it will only continue to get worse.
The problem is you end up taking actions that you'll regret forever. You wouldn't believe how many folks out there have liquidated their portfolio and gone into something like an annuity. We've been analyzing more annuities the past three months than ever. It's kind of like going back into the arms of an ex, it feels comfortable, it feels good, but the reality is you broke up for a reason. You're not going to get what you're looking for from the relationship!
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When You Hit A Portfolio Home Run Are You Smart Or Are You Lucky?, Ep 21
2020 Lessons That May Keep Your 2021 Asset Allocation From Getting Out Of Whack, Ep 20
Rotation, Rotation, Rotation!, Ep 19
From Fear of Losing Money to Fear of Missing Out, Ep 18
A Portfolio With Deeper Breadth, Ep 17
If it’s in the Press, it’s in the Price, Ep 16
The Mother of All Stock Rotations, Ep 15
What are you doing with your money that can get in the way of good investing?, Ep 14
Trading One Uncertainty for Another, Ep 13
Market Change is No Respecter of Election Results— It’s Coming Regardless, Ep 12
Market Irony and Where You Don’t Want to be When the Melt Up Happens, Ep 11
Projecting a Market Future Based on Personal Experience, Ep 10
If You're Sitting in Cash Your Biggest Risk is the Cost of Opportunity, Ep 09
Uncertainty Continues With Talk Of An Economic Stall And An Impending Second Wave, Ep #08
Volatility & Uncertainty are your friends… dressed in a mask trying to scare you to death, Ep 07
Zero-commission Trading Platforms...Stock Market or Casino of the Pandemic?, Ep 06
Is Tech On The Way Down Or Is This Just A Correction? Ep #5
Mind-Numbing Tech Numbers And Why The Stock Market Is Always A Winner, Ep #4
Does Financial History Repeat Itself? Maybe. Ep #3
The Market Disconnect, Retirement Myths, Taxes and More Taxes, Ep #2
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