What's up! It's episode 102 of Payne Points of Wealth and tech is dead! Our prophecy has come true. We've warned you about tech for a long time. Meanwhile, markets are rallying hard here and the economy is actually growing despite what all those economists have been telling you. Is this just a big fake-out? Is this a bear market rally? Are we going into a big recession next year? We're going to give you our 2¢ on that today. We're going to tell you exactly how to play all the market moves and how to look at the economy right now correctly. We're also going to talk about financial planning, physical training, and what they have in common. We've got a great show. Check it out!
You will want to hear this episode if you are interested in...If you look at the S&P 500, it accounts for something like 25% but the entire weighting is only in six or seven stocks. That's the problem, the S&P is so grossly overweight in tech that you're not benefiting from this rally. What blew our minds looking at the numbers this past week is that old-school boring value stocks like JP Morgan, Coca-Cola, and Pepsi are only down 5%, but tech growth stocks are down 30%. That's a 25% spread!
This tells you that right now it's not about being in or out of the market, it's about having the right portfolio. If you're diversified you're not down that much this year and that's the whole point. You have to spread your risk out. The overall market is telling us that some parts of the economy aren't doing great like tech, but some parts of the economy are doing really, really well. It's like we are experiencing rolling recessions, not an all-or-none proposition.
This week on the tipping point: Financial Fitness TrainersThere are a lot of principles that we can apply from the fitness world to your retirement or financial independence plan. What we've learned in our boutique firm, Payne Capital Management, is that our role as financial advisors is a lot like being a personal financial trainer.
The similarities are remarkable. You definitely work out better when you have a personal trainer. You get in shape faster and you have less injury because they get you to focus on every part of your body. They don't limit you to what you would limit yourself to. That's what happens when you're investing. "Well, I'm not gonna invest in that area because I lost money there once." or "I'm a brave investor, I'm going to roll the dice and go a hundred percent in crypto or the arc fund." You make a lot of mistakes because you don't know what you don't know.
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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
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