What's up! It's episode 92 of Payne Points of Wealth and markets have finally rallied! Economic data, well… still not great. Earnings…not bad. But pay attention because the forward-looking markets are telling you about the future. We're going to explain why the market went up even in the light of huge inflation and geopolitical issues. Today on the Tipping Point, we're going to talk about what Wall Street loves to sell you, the products, and the schemes that you need to avoid to make sure you're on your path to financial independence.
You will want to hear this episode if you are interested in...Jerome Powell has done a great job. As we've said, week after week, he's had his foot on the break, not trying to kill the economy just trying to slow it down. Not every company came out with spectacular earnings, even though 70% of the companies that have reported have shown positive on their earnings. But remember they're ratcheting those earnings down a little bit since we've had all these negative headwinds to contend with.
We can't declare victory just yet, we still have inflation and a FED that's behind a curve. There is a chance that rates could go higher. That's why you have to be an investor and you have to make moves in this market. You can't be all or none because if you're sitting on the sidelines right now and you got out of the market, even if you just got out in January, you're wondering now what do I do as you're still making nothing on your cash!
This week on the tipping point: Preposterous ProductsIn our collective 75 years in the financial services industry at our firm PCM, we analyzed close to like 50 portfolios a month. We know what everyone is doing out there and we find it shocking that in our industry a lot of the products that are sold are great for the firm that sold them and great for the commission to the broker that sold them but they're not necessarily the best place for you to put your money. There is a lot of buyer beware action out there. Here are a few of the top products to look out for:
Check out the episode to hear us explain why!
This week’s hidden facts of financeSee if you qualify for a complimentary financial review from the Paynes
Connect With Ryan, Bob, and Chris
Subscribe to Payne Points of Wealth
On Apple Podcasts, On Google Podcasts, On Spotify
The Only Hedge Against Inflation, Ep #61
Financial Sabotage: Are You The Biggest Foe Of Your Own Financial Independence?, Ep 60
Is Your Advisor Addressing Your Unique Financial Variables?, Ep #59
Invest In The Market You Have Not The Market You Want, Ep #58
Picking A Retirement Date -vs- A Retirement Amount, Ep #57
From Oh No to FOMO, Ep #56
Will Your Financial Flight Plan Protect You?, Ep #55
Do You Have A Mystery Investments Advisor?, Ep #54
Crazy Financial Times — Another Lehman Event?, Ep #53
Let’s Play Financial Jeopardy, Ep #52
Investing Through the Ages, Ep #51
The Pulse of America with Kristan Vermeulen, Ep #50
Bonjour Financial Disasters, Ep #49
There's No Reward Without Risk, But If It Seems Too Good To Be True, It Probably Is, Ep #48
Mindless Diversification, Ep #47
From Market High to Market High...One Cold Day Doesn’t Make a Winter, Ep #46
Labor, Inflation, Shortages, Earnings, and Goals! Ep #45
Should You Have a Covered Call Strategy in Your Portfolio?, Ep #44
Who Cares What the Fed Says! The Market Will Determine Rates Long Before They Do, Ep #43
Pain Points When It Comes To Your Finances, Ep #42
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast