Making Margin

Making Margin Podcast
Episode 47 - These Are The Biggest Money Mistakes That We See People Make
 

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Jeff
• Allie
• Natalie 
• Drew

We often talk to our clients about the importance of avoiding mistakes with their money. So much about personal finance isn’t about trying to hit home runs; it’s consistently hitting singles and avoiding mistakes. But what are the most common mistakes we see people make with their money?

We’re looking at an old Nick Magguilli (Mah-Julie) post from his blog Of Dollars and Data to guide our discussion, and where we agree and don’t agree with his assessment. 

Discussion Topics:

• What does he get right, what does he get wrong?
• Any other things that we would add? 

Resources:

https://ofdollarsanddata.com/biggest-money-mistakes/

Questions

• What happened to SVB? Explain it to me like I’m 5.
   
• What’s the risk of broader contagion?
   
• How do these events impact your 2023 market forecast?
   
• What should we be doing differently with our money?

Resources:

https://www.investopedia.com/what-happened-to-silicon-valley-bank-7368676

https://www.investopedia.com/terms/t/twofactor-authentication-2fa.asp

With so many negative headlines, is there a reason to be optimistic about the markets (and life in general) this year? What about in future years?

Questions

• The Dow is currently at ~34,000. Will it end the year higher or lower than 34,000?
   
• Michael Burry: why is pessimism so popular?
   
• Personally (and for the market) are you optimistic or pessimistic over the near-term? What about in the intermediate-long term?

Resources:

https://www.bloomberg.com/news/articles/2023-02-01/will-stocks-fall-michael-burry-says-sell-in-ominous-tweet-ahead-of-fed

Resources:

https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-bill

https://www.schwab.com/learn/story/secure-20-how-does-it-affect-retirement-plans

Making Margin Podcast
Episode 41 - Student Loan Forgiveness

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind Making Margin:

• Nick
• Jeff
• Drew

On Aug. 24 Biden announced that his administration will waive student loan debt for qualifying Americans — $10,000 for individuals earning less than $125,000, plus an additional $10,000 for those who had received Pell Grants, which support tuition for lower-income students. We discuss everything we know about it.

Resources

• https://www.cnbc.com/2022/08/30/how-to-get-ready-to-apply-for-student-loan-forgiveness.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1661945050-1
• https://www.politifact.com/article/2022/aug/30/joe-bidens-student-debt-forgiveness-plan-legal/

Making Margin Podcast
Episode 40 - Skimp or Splurge

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind Making Margin:

• Nick
• Jeff
• Allie
• Natalie 
• Drew

Today we’re talking about skimping and splurging. 

Lifestyle choices have an enormous impact on people’s financial futures. It’s important to align your expenses with your values if you want to experience financial success. But that might mean skimping some places and splurging in others. So where do we skimp and where do we splurge?

Discussion Topics:

• Shopping
  • Clothes
  • Food
• Travel
• Restaurants
• Cars
• Household stuff

Resources

• https://ringgitohringgit.com/saving-money/rules-splurge-skimp/

Making Margin Podcast
Episode 39 - Has the Housing Bubble Burst?

 

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Jeff
• Allie
• Natalie 
• Drew

Today we’re talking about the housing market. Mortgage rates for 30-year fixed loans hit roughly 6% in June, up from a little over 3% a year ago, according to Bankrate data. Now there are early signs that some places have excess inventory. How should would-be homebuyers react?

Discussion Topics:

• How would we expect interest rates to impact the housing market overall?
• What should first time homebuyers do?

Resources:

https://www.marketwatch.com/picks/im-the-director-of-forecasting-for-the-national-association-of-realtors-here-are-6-things-you-should-know-about-the-housing-market-now-01656706585

https://fred.stlouisfed.org/series/MORTGAGE30US

Making Margin Podcast
Episode 38 - How Low Can You Go

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Natalie 
• Jeff
• Drew

Today’s topic is all about the current market. The US Stock market (S&P 500) suffered the worst first half since 1970 - down nearly 20% since the beginning of 2022. People are mostly blaming inflation. So what’s to come? And how should investors prepare?

Discussion Topics:

• How are our clients handling the market insanity so far?
• What should people be doing to make sure they’re in the best possible place financially?
• Where does it go from here?
• VOO 10 year average annual return 12.92%. Reversion to the mean?

Resources:

https://www.cnbc.com/2022/06/30/the-markets-worst-first-half-in-50-years-has-all-come-down-to-one-thing.html

*When the S&P 500 plunged 21% in the first half of 1970, it promptly reversed those losses to gain 26.5% in the second half and eke out a gain for the year.*

https://www.wsj.com/articles/mutual-funds-managers-positive-returns-11656881703

https://www.dimensional.com/us-en/insights/so-whats-your-plan-for-the-bear-market