What's up! It's episode 30 of Payne Points of Wealth! The economy is opening up at warp speed. We literally have had a hundred million COVID-19 vaccine doses administered as of the recording of this podcast. The economic data is looking better and better. We're seeing a huge rotation in the stock market— that we identified for you months ago.
The world is changing. The world is shifting. The world is opening up. We're going to talk about how you need to play that in your portfolio and what you need to be thinking about with regards to the economy. We're also going to cover what risks you may have in your portfolio and what risks you don't see that you have in your portfolio. We're also going to point out all the different risks that you need to avoid as the economy reopens and the world becomes a better place.
You will want to hear this episode if you are interested in...There's this big belief on Wall Street that maybe this is just a short-term blip on the radar. Maybe, inflation’s not going to kick in. Maybe, interest rates aren't going to go higher. If that's the case, maybe you want to continue to own those tech stocks and bond funds.
But if the economy is going to run hot the second half of the year because the entire world's going to reopen— and they are sprinkling all of this money on the economy that we're going to spend— odds are we're going to see a lot of inflation going into the end of the year. Which speaks to owning old-school stocks and stocks that pay dividends. You know... stocks that benefit the most from the reopening of the economy.
This week on the tipping point: RiskWe get great insight into the psychology of investing and financial planning— given the 2000 families that we help manage their finances— and we think one of the most important components is risk. How do you view risk? What about risk in your portfolio or when it comes to reaching your goals? Unfortunately, most risk is only seen in hindsight.
We want to talk about some of the questions that you need to be asking yourself when it comes to risk in your portfolio to make sure that you're on your path to financial independence. Believe it or not, of every portfolio ever reviewed or even looked at, 90% of the investors were taking way more risk than necessary to achieve their stated goals.
This week’s hidden facts of financeAs auto executives and investors buzz about the coming age of the electric car, many car dealers say they're struggling to square that enthusiasm with the actual reality. Last year battery-powered vehicles made up fewer than 2% of all US auto sales. When we watch the nightly news and they tell us that by 2035 everyone will be driving electric cars. Well, only 2% were sold this year. And I'll tell you who gets it is the Tesla executives. Because as people keep buying Tesla stock, the Tesla executives have been selling stock to the public while they think this is going to be the most amazing event in the next couple of years, why they selling their stock? It's a very good point. If I'm holding Tesla stock right now, I'd be concerned that the management's selling.
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What You Need To Think Of At Each Stage Of Your Financial Journey, Ep #80
Do You Have An Emotionally Damaged Portfolio?, Ep #79
False beliefs that could be ruining your financial life, Ep #78
Finding Forgotten Assets Are Better Than Finding $$ In Your Pants!, Ep #77
We’re In An Economic Boom, No Matter What Strategists And Economic Gurus Tell You, Ep #76
Getting Your Mind Right When Setting Realistic Goals For Financial Independence, Ep #75
Annuities As Inflation Hedges?…NEVER!!!, Ep #74
Generating Income with Frankie Lagrotteria, Ep #73
Financial Planning Olympics, Ep #72
Wisdom from Ben Franklin, Ep #71
The Truth Will Set You Financially Free, Ep #70
What Do We Really Mean When We Say We Don’t Want to Retire?, Ep #69
Is Your Financial Future Headed Toward the Rocks, Ep #68
Simple, Underrated Philosophies You Can Use, Ep #67
How to Start 2022 RIGHT With Your Financial Plan, Ep #66
Why inflation won’t be sustained, Ep #65
Markets Rebound Hard and Wall Street’s Hidden Fees, Ep #64
The Worst Sell-Off Ever, What To Do Now?, Ep #63
High Earnings, Bond Rates Rising, & Inflation, Ep #62
The Only Hedge Against Inflation, Ep #61
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