Uncertainty Continues With Talk Of An Economic Stall And An Impending Second Wave, Ep #08
As headwinds continue to blow, uncertainty continues to be at heightened levels. What we're hearing and seeing is everyone feeling like the economy is starting to stall. That we've had a V-shape recovery and there's this consensus out there that maybe it's over. Top that with an impending second wave of the pandemic as the weather gets colder and the question we are getting over and over again is… Is it time to cash out before the election? Is the economic rebound finally over? Do you think that means that everybody's thinking the same thing at the same time? Could that also mean that the market may have already priced in all this news? Join us on this episode of Payne Points of Wealth to find out.
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What we think more people should be talking about is housing! Here we are in the middle of a recession and housing is booming. Let’s put that in perspective, Dow Jones U.S. Home Construction Index is up 120% since the March low and the S&P 500 is only up about 50%. Housing is clearly outperforming the market. It's soaring. Rates are ridiculously low, so much in fact that some people that would normally buy for cash are borrowing and making more in their portfolio than they are spending in interest.
There are still parts of the economy that aren't doing well, like restaurants and hotels. But every job that you get in housing has big-time multiplier effects. Think about this… you buy a new home in the suburbs, then you go to a home improvement store, or you need a new appliance, or you put in new furniture, so there are many different parts of the economy affected by this positive multiplier. There are parts of the economy not only booming but having a multiplier effect that offsets a lot of the losses in other parts of the economy.
In our collective 70 years, we have probably have seen every financial strategy under the sun. What we know is some financial strategies work, some don't work at all, and some kinda work. You can relate it to different games like roulette, which is basically no skill at all, chess where it's all about skill, and poker where there are elements of both. No matter your strategy we can all agree that going to Atlantic City or Las Vegas and gambling a little can be fun. But when you're putting your entire future and your entire net worth in that gambling strategy it’s dangerous and can be detrimental to the long-term financial health of you and your family. Listen to this week’s tipping point to get our take on this strategy game.
Around 85% of our energy needs are currently satisfied by coal, oil, and natural gas. The energy sector might be in one of the best buying opportunities of our lifetime.
Exports to the US amount to a mere 3% of Beijing's gross domestic product. We're still their biggest consumer at about 16.8% of total overall exports. That’s three times higher than their second-biggest receiver, which is Japan.
The average TV bought in North America now has a 50” display at a price of just $360. TV's are a notoriously low-margin consumer electronics business.
China’s national railroad corporation unveiled plans to more than double the length of its high-speed railroad network— already the world’s longest— to more than 70,000 kilometers within 15 years. It will connect China's largest megacities.
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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
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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