Leonard Raskin, author of "FiduciWho? What a Real Fiduciary Will Tell You About How to Protect, Grow, Enjoy, and Transfer Your Wealth," isn't your average financial expert; he's more like a trusted friend, diving deep into your aspirations and concerns to create a holistic plan beyond mere finances. With over three decades of experience, Leonard's approach breaks away from conventional wisdom, offering refreshing insights that go beyond traditional financial advice. Through his book and podcast appearances, he infuses humor and storytelling to revolutionize the way people perceive and manage their wealth, empowering them to seize control of their financial destinies with confidence.

In this episode, Leonard delves into the intricacies of rising interest rates in 2024 and their impact on the stock and bond markets, emphasizing the importance of comprehensive financial planning. He explains the relationship between bonds, interest rates, and stock market risk, highlighting that as interest rates rise, bond values decrease, and investors often overestimate their risk tolerance. He also explores the current housing market, where low supply is causing prices to increase despite rising mortgage interest rates. He discusses the benefits of higher interest rates for savers and banks, while cautioning that most people lack the knowledge to invest money properly, often engaging in speculation and gambling. He advocates for a more scientific approach to investing, based on Nobel Prize-winning research, which involves global diversification and a mix of assets. Finally, he addresses the detrimental effects of inflation on wealth and emphasizes the importance of investing in exponentially growing assets and working with professionals to overcome poor investor behavior.

In this episode Leonard discuss:

• Learn about the complexities of rising interest rates in 2024 and their impact on the stock and bond markets
• Understand the relationship between bonds, interest rates, and stock market risk and discover how low housing supply is causing prices to increase despite rising interest rates
• Find out how higher interest rates benefit savers while banks profit from the spread between borrowing and lending rates
• Unlock the importance of diversifying globally and investing in a mix of assets rather than speculating on individual stocks
• Comprehend how inflation erodes wealth over time and how to combat it by investing in assets that grow exponentially

Connect with Leonard Raskin:

Website: https://www.raskinglobal.com/ 

LinkedIn: https://www.linkedin.com/in/leonardraskin/ 

Facebook: https://www.facebook.com/RaskinGlobal 

Email: [email protected]  

Leonard’s BOOK: FiduciWho?: What a Real Fiduciary Will Tell You about How to Protect, Grow, Enjoy, and Transfer Your Wealth

Show notes by Podcastologist: Angelo Paul Tagama

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.