Ignition to Wealth

In Today’s Episode

Eric and Brandon discuss the strategy of knowing when to sell an investment. The guys breakdown some reasons why you’d want to cut your losses and some strategies to use when looking at your portfolio.

What You’ll Get Out of Today’s Show

• What signs to look for when an investment no longer fits your portfolio 
• Sometimes taking a profit is better than sitting on an investment that you don’t think will keep increasing in value
• How swing trades come into play when selling an investment
• How to incorporate a Stop-Loss in your investment accounts to prevent a blindside drop in value
• Using your losses as a tax loss harvesting strategy

Links Mentioned in This Episode

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ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric provides his thoughts on what Jerome Powell just said about inflation and the coming taper of asset purchases.  Eric discusses how the market will react to this taper, and how he plans to invest in the coming year. 

What You’ll Get Out of Today’s Show

• Has Jerome Powell changed his viewpoint on inflation? 
• What impact will the fed taper have on the market? 
• • Should the average investor be worried about the coming taper? 
  • What will the projected taper of bond purchases look like? 
• When will the Fed raise interest rates? 

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon provide their thoughts on a topic that has been thrown around in the news most of this year, and that is taxing unrealized capital gains. It’s been tossed around by some politicians as a potential solution to fund the $3.5 trillion infrastructure bill.

What You’ll Get Out of Today’s Show

• Eric and Brandon provide their opinions on taxing unrealized capital gains
• What kind of impact this could do have on the average individual
• • How strategizing for taxes would be crucial throughout the year
  • Individuals finding new ways to invest in order to avoid taxing unrealized gains
  • Would you be refunded for having unrealized losses?
• How this idea may have set up some more realistic ideas such as taxing step-up basis

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Last week, Eric and Brandon took on the No Spend Challenge thanks to some input from Sarah, one of their listeners! This week, the guys break down their individual results from the No Spend Challenge and some things they learned.

What You’ll Get Out of Today’s Show

• Breakdown of both Eric and Brandon’s 
• • Weekly total saved
  • How that weekly total looks per month
  • How that monthly total looks per year 
• The guys also analyzed how their monthly saving from unintentional saving looked like in the future assuming 8% compound annual interest 
• • At 5 years
  • At 10 years
  • At 20 years
  • At 40 years
• You’ll be SHOCKED at the results!

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon were challenged by one of their listeners to a 7 day No Spend Challenge! The guys break down what a No Spend Challenge is and what they will be doing with the data they find. They also challenge their listeners to participate in the 7 day No Spend Challenge with them!

What You’ll Get Out of Today’s Show

• A description of a No Spend Challenge
• What rules the guys are following for the next 7 days
• • No unnecessary spending
  • • Going out to eat
    • Non emergency clothing
  • Keeping track of what they would have spent at times if the No Spend Challenge wasn’t in place
• The additional positives this challenge can provide
• • The strength of your budgets
  • Potential leaks in unnecessary spending

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon provide their thoughts on the US potentially defaulting on its debt. What is the debt ceiling and what could happen if the US does default on its debt? The guys also pivot to how they invest and keep track of their investments especially when preparing for a potential dip in the market.

What You’ll Get Out of Today’s Show

• A brief explanation of the debt ceiling and what needs to happen before October 18th
• What if the US defaults on its debt?
• • How it will impact the everyday individual
  • Eric and Brandon’s opinion on how the stock market could potentially react
• What Eric and Brandon plan to do with the market while this situation is going on
• How the guys analyze their individual assets and how they prepare for a potential dip in the market

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric provides his thoughts on the ongoing Evergrande situation in China.  What is Evergrande, and how will this company’s debt affect the stock market?  Is this the catalyst for a global recession, or will this pass while the stock market soars to record highs? 

What You’ll Get Out of Today’s Show

• An explanation of what is going on with Evergrande
• • The amount of debt this company is in
  • What led to this potential default?
• Eric’s opinion on what we should do as investors
• • Should we sell now and wait out the volatility?
  • Buy the dip?
  • Seek out other investments? 
  • Watch and wait while the stock market does its thing? 
  •  

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric provides an update on the Ignition to Wealth Dividend portfolio!  He goes through each stock and briefly discusses the growth in the last six months of the investment.  Eric also discusses each of the three stocks he sent out to our email list subscribers in August.  He reviews the current price of the stock, and whether or not he will consider buying in the future.  

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon discuss the dangers of day trading.  Can someone really make a career out of trading stocks each day?  Is it too risky of an investment strategy? Find out in this episode! 

What You’ll Get Out of Today’s Show

• Some inherent risks of day trading
• Some things you have to be aware of when day trading
• • The need to beat the market
  • The need to time the market three times
• Some statistics regarding day trading
• • The percentage of day traders who made a profit
  • The percentage of day traders who make more than minimum wage

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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In Today’s Episode

Eric and Brandon talk about how this year is truly the year of the index funds! They discuss the current events of where some of their favorite index funds are currently sitting, what their year-to-date growth number is, and what their 12 month growth is.

What You’ll Get Out of Today’s Show

• Current Year to Date growth, 12 month growth, dividend yield, and expense ratios of the following index funds:
• • Vanguard Total Stock Market Index Fund ($VTSAX)
  • Fidelity MSCI Information Technology Index ETF ($FTEC)
  • Vanguard S&P 500 Growth ETF ($VOO)
  • Vanguard High Dividend Yield Index Fund ETF ($VYM)
• Fun fact: FTEC’s lifetime growth (inception date: October 21, 2013) is 406.07%!

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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