What's up it's episode 58 pain points of wealth and profits this earnings season are phenomenal! Companies are beating estimates by a landslide. It doesn't matter that supply chain issues or labor costs are going up. It's all inflationary. But guess what? These companies just keep raising prices on you and me, which is making their profits go through the roof. So what does this mean between now and the end of the year? As the market continues to go higher are we going to finally get that correction in stocks that big sell-off that Wall Street has been telling us about? We're going to give you our vantage point, exactly what you should be doing strategically between now and the end of the year. On the tipping point today we're going to drop some wisdom on you. When it comes to your financial independence plan, we're going to give you some insights that you can apply to your portfolio, your financial plan, to get you on track, to be financially independent.
You will want to hear this episode if you are interested in...It's amazing how the world changes, all of a sudden, how do we not have enough oil supply? The world's been awash in oil then all of a sudden it’s not?. I love a good conspiracy, and a lot of people are saying, or the “experts” are saying that the Biden administration is limiting production. I have a different theory on this. Perhaps there's just worldwide collusion going on. All the big energy companies are saying "You know what? We make a lot more money when oil is over $80 a barrel. Let’s just chill out on the production side of things. We will slow down on producing oil right now because when the price is at $30, that's terrible for profits." So I suspect there is big manipulation going on and I think it's all of these global oil companies who are very happy to slow down the production and keep those prices up!
This week on the tipping point: Financial Fortune CookiesWhen you go to the Chinese restaurant nothing's better than getting that fortune cookie at the end and reading the wisdom within. Let’s open up your fortune cookie and apply it to your financial life and goals to be financially independent because there’s nothing funnier than getting a fortune cookie to help you run your portfolio!
Crisis is opportunity riding on a dangerous wind. Sounds great but it reminds me of what Warren Buffet says, it is wise for investors to be fearful when others are greedy, and greedy when others are fearful. We're emotional human beings. It's so easy to panic when prices are going down or when you have that fear of missing out and overload your portfolio on what's going up the most.
A feather in the hand is better than a bird in the air. I think the point is it's better to protect what you have than trying to reach for the stars and putting everything that you have at risk.
Accept something you cannot change and you'll feel better. I think right now is a perfect example of that. We have so much uncertainty about our taxes going up. Are they going to pass another $2 trillion in stimulus? Is the dollar going to be worthless in a couple of years? Is inflation just going to destroy our purchasing power? Is the dollar going to be so weak that we can't afford anything? The list goes on and on.
A foolish man listens to his heart. Don't use your gut feelings when it comes to investing. It's never right.
This week’s hidden facts of financeHome prices are up a record 19.5% in the past year, according to Case Shiller data. However, home prices were removed from the official prices index, owing to political and statistical issues. If they were still included, inflation would be running at a 10% clip rivaling the early 80s'. It just goes to show you real estate is really inflated right now. Inflation is real and not transitory and if you've been listening to the Payne Points of Wealth Podcast you have known that for a year!
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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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