What's up!! It's episode 37 of Payne Points of Wealth and earning season is upon us. Companies are blowing the doors off earnings. Tech stocks have put mind-blowing numbers up there on the earnings board. Yet tech stocks are doing nada! Meanwhile, commodity prices are going up. Real estate investment trusts are going up. Value stocks are going up. There's a lot going on in the market.
How do you play it? Is tech finally dead? Should you get out or move your money around? We're going to break it down for you today. And on our Tipping Point segment, we're going to talk about consolidation. Is your money everywhere? Is it a mess? Do you have a plan? We're going to show talk about what you should be doing to organize and get on track for financial independence.
You will want to hear this episode if you are interested in...
When it comes to markets it's about what are the surprises in the positive? Big tech blowing up their earnings is not a surprise. We're buying more stuff online. We're advertising on Facebook. Duh! The one thing that no one's factoring in is how high inflation can go. Each week that we have an unexpected surprise and inflation goes up it positively affects the bottom line of a lot of companies we're talking about like Procter & Gamble, Caterpillar, and Bank of America. These boring old companies that no one wanted to own for the last decade.
This week on the tipping point: Consolidating your financial life.If you think your advisor's working for free, you're paying more than anybody in the industry. They hide these charges but they are there! One thing that we despise more than anything is being overcharged and if you're overcharging yourself, well... shame on you.
Here’s the thing, if you give one advisor $500k and you give another advisor $200k and yet another $300k then each of these firms is treating you like a small account. But if you consolidate it you're entitled to a discount on all the money together. Other problems with spreading it out is that you end up having overlap in your portfolio and paying high fees on all your accounts because you're a little investor at each firm.
Recently we had a client that had millions of dollars and they were being overcharged so much that we figured we could save them 2% a year in fees, that was $80k a year in fees they could drop! Can you imagine what they were losing on the returns that $80k invested over time would have profited them? It doesn’t pay to “diversify” like this!
This week’s hidden facts of financeThe Census Bureau recently put out its first raw numbers and found that the U.S. population grew at its slowest rates since the great depression and that did not include the death toll from the pandemic.
According to Warren Buffet, there were about 2000 companies that entered the auto business in the 1900s because investors and entrepreneurs expected the industry to have an amazing future. Like electric vehicles today. However, in 2009 there were only three carmakers left and two went bankrupt.
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Has AI Replaced Wall Street’s Common Sense?
The perfect marriage of Risk Taking & Caution with our guest Carrie Kerpen
Who would have guessed the French stock market was going to be number one this year?
Is Inflation Finally Starting to Cool?
The Market Goes Up 📈 with Ed Yardeni
Entrepreneurial Skill Does Not Equal Investment Skill
Did the Fed just give banks carte blanche to mismanage your money?
Is the SVB collapse the beginning of something bigger?
Trust, but diversify.
Last year’s decline was really about wringing out excess speculation.
Is the Bond Market Playing Chicken With The Fed?
Should investors be following the George Costanza strategy?
Don’t fight the Fed? Or, don’t trust the Fed.
2022 was a stinker, but 2023 might be a winner. Ep #108
Your EGO is Destroying Your Financial Independence!? Ep #107
Don’t Invest In The Market You Want, Invest In The Market You Have, Ep #106
The Market Is Smarter Than Everybody!, Ep #105
If You Want To Be Wealthy You’ve Got To Be Patient, Ep #103
Investing Is Not A Competitive Sport!, Ep #102
The Dirty Secret Of The Financial Industry, Ep #101
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