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!
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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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