Off The Wall

Are tariffs the problem or just a symptom? Recent tariff announcements are stirring up uncertainty. What does that mean for inflation, economic growth, and investor sentiment?

In this episode of Off the Wall, hosts Jessica Gibbs, CFP®, and David B. Armstrong, CFA, are joined by Monument Wealth Management's Portfolio Management team Erin M. Hay, CFA, CMT®, and Nate W. Tonsager, CIPM® to address the biggest market headlines in the first quarter of 2025.

Dave breaks down where we've seen the biggest market swings, Erin digs into how sector rotation and technical indicators are shaping his outlook, and Nate explains that market volatility works both ways and isn't just to the downside.

The conversation then delves deeper into the realities of market volatility, exploring why corrections and sharp sell-offs are less about impending doom and more about natural market cycles. Hear their candid discussion on the challenges of timing the market, the importance of maintaining a cash buffer, and why a long-term strategy remains your best defense amid short-term noise.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/

Episode Timeline/Key Highlights:

0:00 Introduction & Important Disclosure

1:30 What Happened in the Q1 Market

2:40 Important Headlines from Q1

10:17 Tariffs and What They Mean for Investors

15:30 What Investors May Be Missing

25:30 Getting Lost in the Headlines

28:30 How to Deal with Volatility in the Market

37:30 Concluding Thoughts

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to our Private Wealth Newsletter: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Private Equity seems to be having a moment. After a few decades of being reserved for the most qualified investors, the gates have been opened to the masses. Today, we're looking at just why this shift is happening, what it means for you, and what you should consider before investing in Private Equity including returns, fees, and flexibility compared to the stock market.

In this episode of Off the Wall, hosts David B. Armstrong, CFA®, and Erin M. Hay, CFA®, CMT®, are joined by George Coyle, Chief Investment Officer of Triangulated Capital Management to answer the most pressing questions around Private Equity investing today.

"We had arguably 15 to 20 years of very low interest rates. How much low-hanging fruit or fruit at all on the tree of private equity is left? It seems to me that anything that could be made efficient probably would have been at this point. You just gotta wonder…what's left to make more efficient?"

Please see important podcast disclosure information at https://monumentwealthmanagement.com/

Episode Timeline/Key Highlights:

0:00 Introduction & Important Disclosure

1:13 Guest and Topic Introduction: George Coyle and Private Equity

4:15 Why Private Equity Is Going After the Public Masses

8:02 Should Private Equity Be Included in a Portfolio?

15:13 The Diversification 'Benefits' of Private Equity

25:58 Private Credit and Private Equity

28:49 Public vs. Private Markets

32:09 Fiduciaries Vs. Broker-Dealers

42:58 Alternatives to Private Equity

48:46 Concluding Thoughts

About George Coyle:

George is the founder of Triangulated Capital Management, an investment advisor that utilizes tactical investment strategies to produce better risk adjusted returns for investors. George is also the founder of Triangulated Research, a publisher that focuses on thematic secular investment trends.

Resources Mentioned:

Principles of Great Traders: https://triinv.com/traderprinciples

Leveraged Small Value Equities (Study): https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639647

Connect with George Coyle on LinkedIn: https://www.linkedin.com/in/george-coyle-232b7421/

Connect with George Coyle on Twitter/X; https://twitter.com/gfc4/status/1894490001037050247

Market Meditations on Substack: https://triinv.substack.com/

The Stock Market Strategist on Substack: https://mktstrat.substack.com/

Learn more about Triangulated Capital Management: https://tricapm.com/

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

The most common question advisors get is, "What should I do with my money?" The most common answer? "It depends." Today, we explore the "why" behind that question and dive deeper into how it connects to your evolving life goals.

In this episode of Off the Wall, hosts Jessica Gibbs, CFP®, and David B. Armstrong, CFA®, are joined by Marla Sofer, founder of the fintech startup, Knomee.

We discuss the journey to self-actualization, how understanding your purpose influences financial decisions, and why clarity on your goals makes money management easier. But how do you define your purpose and communicate it effectively to your advisor? Tune in to find out!

"You might be an expert, but it doesn't mean you're making the right decisions for yourself."

Please see important podcast disclosure information at https://monumentwealthmanagement.com/

Episode Timeline/Key Highlights:

0:00 Introduction & Important Disclosure

1:33 Knomee and Aligning Wealth With Personal Values

12:00 Self-Actualization or Vocational Independence?

16:25 Financial Goals and Retaining an Advisor

24:00 Work as a Purposeful Choice Within Purposeful Wealth

27:40 Should you "DIY" Your Investing and Wealth Planning?

31:43 What to Look For in an Advisor

33:30 Matchmaking, Relationships, and Your Financial Advisor

37:39 The Knomee Journey

43:05 LinkedIn Influencing

46:26 Concluding Thoughts

About Marla Sofer:

Marla Sofer, Founder and CEO of Knomee, is reshaping the way individuals—and their financial advisors—approach wealth and financial confidence. With leadership experience at BlackRock, Microsoft, and JP Morgan, she saw firsthand how the financial industry prioritizes products over solutions. Frustrated by the lack of meaningful personalization, she built Knomee to change that.

Knomee introduces the concept of Financial Identity™, helping individuals uncover their values, clarify their financial priorities, and align their money with what truly matters. It's a tool for self-discovery, financial empowerment, and stronger connections—whether with existing advisors or finding the right one.

For wealth advisors, Knomee serves as a breakthrough discovery platform—helping them engage clients on a deeper level, strengthen relationships, and ensure their advice aligns with evolving life goals.

Marla is a recognized thought leader with 13,000+ LinkedIn followers, recently named an executive woman to know by Wednesday Women. Whether you're an individual seeking clarity or an advisor looking to differentiate, Marla's insights and Knomee's approach are transforming the future of financial advice.

Connect with Marla on LinkedIn: https://www.linkedin.com/in/marlasofer/

Learn more about Knomee: https://www.knomee.com/ and https://www.knomee.com/advisor

Connect with Knomee on YouTube: https://www.youtube.com/@KnomeeApp

Connect with Knomee on Instagram: https://www.instagram.com/knomeeapp/

Connect with Knomee Knomee on Facebook: https://www.facebook.com/KnomeeApp/

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Happy 2025! We're reviewing what happened in the markets and economy in Q4 2024 (and 2024 as a whole), noting what caught our attention and why. In this episode of Off the Wall, hosts Jessica Gibbs, CFP® and David B. Armstrong, CFA® are joined by Monument Wealth Management's Portfolio Management team, Erin M. Hay, CFA®, CMT® and Nate W. Tonsager, CIPM®.

Dave breaks down S&P sector performance, Erin delves into Small Caps, and Nate shares his take on the death of active management. Then tune in to hear how Dave, Erin and Nate fared on their 2024 predictions, and what they predict will happen in 2025, including whether potential tariffs will make any real difference, Cap Weight verses Equal Weight performance of the S&P 500, and if we'll see a recession.

Episode Timeline/Key Highlights:

0:00 Welcome and Podcast Refresh

03:15 Recap of 2024 Market Performance

14:11 Key 2024 Trends including persistent high yields despite rate cuts, record outflows from active investing, and the rise of passive investing

24:37 2024 Predictions Revisited: What we got right and wrong, plus Dave, Erin, & Nate make market predications for 2025

46:10 Our thoughts on investing: What you should know going into 2025

Resources Mentioned:

Bloomberg Article:

Stock Market 2025 Predictions: Wall Street Braces for Trump, AI, and China

Please see important podcast disclosure information at https://monumentwealthmanagement.com/

Follow our Asset Management team on LinkedIn:

Erin Hay / erinhay

Nate Tonsager / nate-tonsager-5a019b105

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

As the giving season draws near, you may be wondering how to take advantage of charitable giving deductions on your tax return, make a greater impact with your donations, or weave philanthropy into your family's legacy.

In this Off the Wall discussion, Monument's Emily Harper will be hosting and interviewing our regular host, Jessica Gibbs, about all things charitable giving.

Are you wondering how to take advantage of charitable giving deductions on your tax return, make a greater impact with your donations, or weave philanthropy into your family's legacy?

In this Off the Wall discussion, we're changing things up. Monument's Emily Harper, CFP® jumps into the hosting seat to interview Jessica L. Gibbs, CFP about all things charitable giving.

Jessica is Monument's go-to thought leader when it comes to learning about philanthropy, both from the donor's perspective and from the charitable organization's perspective. In this episode, she shares her wisdom, including ways to strategize and maximize your charitable giving this year and beyond.

Jessica breaks down two types of charitable giving vehicles—donor-advised funds and charitable trusts—including when to consider each of them, and the benefits and drawbacks of each strategy.

Whether you're ready to move beyond checkbook giving, hone-in on your philanthropic goals, or figure out a way to keep giving after retirement, this is an interview you don't want to miss. And if you have a philanthropist in your life, you'd like to share the wealth with, consider sending them this episode.

Happy giving!

Episode Timeline/Key Highlights:

[00:52] Introducing the topic of today's episode.

[02:28] Reasons why you should establish a dedicated vehicle for charitable giving.

[05:33] How donor-advised funds work & Benefits of using a DAF.

[11:45] Ways to use donor-advised funds in your legacy strategy.

[15:06] Downsides of donor-advised funds.

[18:35] What is a charitable trust? What is the difference between charitable trust and donor-advised fund?

[20:53] Benefits and disadvantages of using a charitable remainder trust (CRT).

[25:57] Benefits and disadvantages of using a charitable lead trust (CLT).

[28:22] Summary: When to consider a donor-advised fund, charitable remainder trust, and charitable lead trust.

[29:38] Major Takeaways: Name a successor, identify your motivation, and consider different ways to support your favorite organization(s).

[32:00] Resources + Tips for choosing charities to donate to & making a larger impact.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Charity Navigator: https://www.charitynavigator.org

Listen to Becoming a Philanthropist & Non-Profit Board Member with Meera Pillai: https://bit.ly/4eRo0i8

Article- Donor Advised Fund vs. Charitable Trust: Maximizing Your Philanthropic Impact https://bit.ly/4illTGC

Article – 3 Charitable Giving Strategies That Deserve a Second Look: https://bit.ly/3G5V873

Connect with Emily on LinkedIn: https://www.linkedin.com/in/emilyharpercfp

Connect with Jessica on LinkedIn: https://www.linkedin.com/in/jessicagibbscfp

Subscribe to our blog: https://bit.ly/MonumentWealthBlog

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

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Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Emily and Jessica, on our website:

Emily Harper, CFP: https://monumentwealthmanagement.com/staff/emily-m-harper-cfp

Jessica Gibbs, CFP: https://monumentwealthmanagement.com/staff/jessica-l-gibbs-cfp

Aging parents present unique challenges, especially for the sandwich generation, who juggle caring for their parents while raising their own children.

In this episode of Off the Wall, Dean Catino, CFP®, CPWA, and Jessica Gibbs, CFP® speak with Catherine F. Schott Murray, a Shareholder and expert in Estate Planning, Tax, Estate and Trust Administration, and Elder Law at Odin, Feldman, & Pittleman. They discuss the critical importance of starting conversations about estate planning, navigating legal considerations for parents with diminished capacity, and the role of trusts in asset protection. The episode also covers healthcare directives and the necessity of a clear plan for end-of-life decisions.

Listeners will learn about protecting loved ones from financial exploitation and the legal complexities that effective estate planning can address. Cathleen Phelps, and Cecelia Gilliam from our Client Experience team join the later-half of the conversation to share stories and discuss the need for proactive planning, open communication among family members, and building support systems during this challenging time.

Having a team in place to help you navigate the overwhelm of trust and estate planning is more powerful than you think. Listen in to learn the benefits of working with a wealth advisor, attorney, and accountant to reduce anxiety and guide you through the process of caring for aging parents.

"Once you begin you are closer to the end than had you not begun at all… There's a hurdle that people have to overcome to start these conversations, but once you start the conversation, it tends to be amazing how much people will be open about it." – Catherine F. Schott Murray

Episode Timeline/Key Highlights:

Part 1:

[01:01] Introducing Catherine & the topic of today's episode.

[03:16] How do I start the conversation with my parents about estate planning, assets, end of life wishes, and long-term care?

[09:33] Safeguards to put in place before your aging parents' decision-making ability becomes impaired.

[11:19] Are there tax implications for being a co-trustee with my parent(s) on their trust?

[12:14] How to protect your parents' house as an asset.

[15:19] Avoiding probate & Reasons not to create a trust for your parents.

[19:13] Living Wills & Advanced Medical Directives: What families should know about assigning healthcare proxies or powers of attorney.

[25:15] How long does it take to go through the estate planning process?

[27:29] How to protect your parents from elder fraud.

Part 2:

[33:15] Meet our Client Experience Team: Cathleen Phelps & Cecelia Gilliam.

[33:39] Estate planning steps you don't want to miss.

[38:01] What to do after your parent passes away.

[42:24] Advice for people in the sandwich generation.

[45:15] Collaborating with Siblings in Caregiving

[35:16] Resources + How to connect with Catherine.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Listen to our episode about Caring for Aging Parents: https://bit.ly/agingparentsepisode

Guide to Caring for Aging Parents: https://bit.ly/4hudfVK

Estate Planning | How to Evolve Your Plan When the Rules Keep Changing: https://bit.ly/3KD1dut

National Elder Fraud Hotline: 833-FRAUD-11 (833-372-8311)

Catherine's blog: http://www.beginthebegin.com/about-us/

[NPR] How to prepare for the death of a parent - A checklist: https://www.npr.org/2023/09/25/1199885811/how-to-talk-to-your-parents-about-their-money

Subscribe to our blog: https://bit.ly/MonumentWealthBlog

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About Catherine F. Schott Murray:

Begin the Begin - Once you begin you are closer to the end than had you not begun at all. With that statement, Catherine F. Schott Murray appreciates that every client's situation is unique and requires solutions that are adapted to their particular needs, goals, and objectives once the planning process has begun. She takes the time to carefully listen to her clients and discuss decisions that are not always straightforward, ultimately reaching an appropriate resolution that is pertinent to each client. Catherine is professional, yet compassionate, while carefully explaining complex matters during potentially trying times.

Catherine's practice focuses on trust and estate planning as well as business planning. She advises clients with respect to the creation and implementation of simple and complex estate plans, including incapacity planning; elder law; guardianships and conservatorships; special needs trusts; health care decision making; estate and trust administration; probate administration; wealth preservation; asset protection; entity formation and maintenance, gift, estate and generation-skipping transfer tax planning; charitable planning; irrevocable trusts; donor advised funds; private foundations; family limited partnerships; and limited liability companies.

Prior to joining the firm, Catherine assisted individuals with estate planning and Medicaid planning as well as represented lenders and closely held companies in commercial and financial transactions, commercial lease negotiations, mergers and acquisitions, bankruptcy, commercial litigation, and collections. Catherine has been an active member of the National Academy of Elder Law Attorneys (NAELA) and served on the Board of Directors of the Virginia Chapter (VAELA) of NAELA for more than a decade, including time spent as the organization's President.

Catherine gives back to the community through her involvement with the Community Foundation for Northern Virginia (CFNOVA) in which she has served on the Board of Directors, including as the Board Chair. Outside of the office, Catherine volunteers her time with her children's school and enjoys road trips with her family.

Connect with Catherine on LinkedIn: https://www.linkedin.com/in/catherine-f-schott-murray

Visit her website: https://www.ofplaw.com/attorney/schott-murray-catherine-f

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dean and Jessica, and featured team members on our website at https://monumentwealthmanagement.com.

We're reviewing the Q3 2024 market and year-to-date trends, reflecting on our surprises, and highlighting our key insights drawn from the data. In this episode of Off the Wall, host Jessica Gibbs, CFP® is joined by Monument Wealth Management's Portfolio Management team, Erin Hay, CFA, CMT and Nate Tonsager, CIPM.

Tune in to hear our discussion on the strong yet volatile performance of global equities, the impact of the Fed's 0.50% rate cut, and observations of China's capital markets. The team also explores market participation, seasonality, and labor market dynamics.

"A lot of what we can do is be a more efficient economy through the benefits of AI, through technology. And really, AI isn't going to replace, I think, a significant amount of jobs. It's just going to make those jobs more productive." - Nate Tonsager

Episode Timeline/Key Highlights:

[01:27] Q3 Market Recap and YTD

[07:29] Market Participation and Seasonality Insights

[13:19] Takeaways and possible impacts of Fed Rate Cuts

[30:43] China's capital markets

[37:59] Find out what Erin is most pessimistic and optimistic about

[42:36] Find out what Nate is most pessimistic and optimistic about

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Nate on the Fed Rate Cuts: https://www.linkedin.com/posts/nate-tonsager_does-it-really-matter-how-much-the-fed-cuts-activity-7242139084876361728-Ro3U?utm_source=share&utm_medium=member_desktop

Erin's LinkedIn post before the Fed Meeting: https://www.linkedin.com/posts/activity-7241869234748715008-_-9M?utm_source=share&utm_medium=member_desktop

Erin's LinkedIn post on the ILA Strike: https://www.linkedin.com/posts/activity-7247283097958780930-kCpN?utm_source=share&utm_medium=member_desktop

Excerpt from John Konrad: https://x.com/johnkonrad/status/1840904466310316459

Listen to recent episodes of Off the Wall: https://apple.co/46uttsg

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

Follow our Asset Management team on LinkedIn:

Erin Hay https://www.linkedin.com/in/erinhay

Nate Tonsager https://www.linkedin.com/in/nate-tonsager-5a019b105

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

How will the 2024 election affect the economy, the markets, the deficits, and your wallet? Our favorite economist is back on the podcast for a third time with his straightforward opinions!

Bob Stein is the Deputy Chief Economist at First Trust Advisors, where he's responsible for commenting on and forecasting the U.S. economy.

In this Off the Wall discussion, Bob shares his thoughts and predictions for the 2024 electoral races for the House, Senate and White House, and their impacts on the American people.

Bob breaks down the scenarios and possible outcomes for the election, including what would happen in a parallel universe (thanks for the fun prompt, Dave). So, buckle up and get ready for some ponder-worthy possibilities!

"As of today, the one thing I can tell you for sure is that my odds will change between now and Election Day, maybe multiple times, maybe by dinner tonight. But as of right now, I think Donald Trump has about a 60% chance of winning. Harris only 40." – Bob Stein

Episode Timeline/Key Highlights:

[00:00] Introducing Bob Stein & the topic of today's episode.

[02:28] What is the likely outcome of the House election and how will it impact the US economy?

[04:06] Will Hakeem Jeffries become speaker of the House and a presidential candidate for 2028?

[06:48] What is the likely outcome of the Senate election? What are the odds the Democrats take the Senate?

[10:25] If Republicans take the Senate, what impact will it have on the economy, markets, deficit, and people's wallets?

[11:31] Bob's predictions on the 2024 Presidential Election results.

[15:06] If Trump or Harris won, how would it affect the economy, markets, deficits, and people's wallets?

[18:33] If Harris won the election, would tax cuts get extended?

[20:48] Potential outcomes of a red sweep, blue sweep, or divided government.

[23:48] What are the realistic policies being supported by Trump and Harris?

[29:06] Are there any policy ideas that the presidential candidates are putting forward that you think, if it's enacted, would be potentially harmful to the economy or the average American?

[30:07] Potential changes to the Supreme Court after the election.

[33:46] Low probability surprises we could see happen in the 2024 Presidential Election.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

First Trust: https://www.ftportfolios.com

Listen to our first episode with Bob (Predictions for the Economic & Political Landscape 2022): https://bit.ly/3fU48CH

Listen to our last episode with Bob (2024 Presidential Election Predictions): https://bit.ly/bobstein2

Subscribe to our blog: https://bit.ly/MonumentWealthBlog

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About Bob Stein:

Bob is Deputy Chief Economist at First Trust Advisors, L.P., where he is responsible for forecasting the U.S. economy and writing economic commentaries. With Bob's projections, First Trust has won numerous awards for its economic forecasts, including being ranked #1 in the world by Consensus Economics for accurately predicting GDP growth and Consumer Price Inflation in the United States in 2022. In addition, First Trust is consistently ranked in the top five by Bloomberg for forecasting economic indicators. Bob has also won several Crystal Ball Awards from Zillow for forecasting home prices. Prior to joining First Trust in 2006, Bob was Assistant Secretary for Economic Policy at the U.S. Treasury Department. While there, Bob was responsible for briefing the Secretary of the Treasury on U.S. macroeconomic developments, formulating policy proposals, and helping generate the official economic forecast used by the President for budget proposals. Day to day, he led a team of twenty economists conducting in-depth economic analysis and research.

Between 1996 and 2002, Bob was an economist on Capitol Hill, including the last two years (2001-02) as chief economist for the Senate Budget Committee. While on Capitol Hill, Bob also worked for the Senate Banking Committee and Joint Economic Committee. Prior to his tenure on Capitol Hill, Bob was an economic journalist for Investor's Business Daily. Bob received a BA in both Economics and Government from Georgetown University. He has been a CFA charter holder since 2003.

Connect with Bob Stein on LinkedIn: https://www.linkedin.com/in/robert-stein-4234ba18

Follow him on X: https://x.com/BobStein_FT

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Did you know that nearly half of employees and managers report experiencing burnout in 2023? As our lives get busier and competition in the workplace grows, it's an unfortunate reality… So, how can high achievers prevent burnout while still working towards their goals?

Here to talk about it is Rachel Boehm, a Behavior Change and Performance Coach and Psychologist who's transforming the way we work.

In this Off the Wall discussion, you'll learn science-based ways to sustain peak performance and be a burnout-proof leader. Rachel shares the sneaky early symptoms of burnout to be aware of and steps you can take to prevent burnout when you're feeling overwhelmed.

She also highlights the organization's role in employee burnout and offers ideas for how companies prevent burnout in their staff.

"Burnout is a shared responsibility between the organization and the individual."

– Rachel Boehm

Even just by reframing your perspective of productivity and self-care, you can prevent burnout and still achieve your biggest goals! As Rachel explains using an analogy to working out: there's no such thing as over-training, there's only under-recovery.

Episode Timeline/Key Highlights:

[00:00] Introducing Rachel Boehm & the topic of today's episode.

[01:17] Early signs of burnout you should be aware of.

[04:26] External signs of burnout to look for in your team.

[06:55] Steps you can take to prevent burnout & The role organizations play in employee burnout.

[12:46] Tips for avoiding distractions while you work.

[17:50] How to stop feeling guilty for spending time on yourself.

[24:05] How self-care and self-compassion help to fight burnout.

[30:07] What does a burnout coach do? What are the benefits of having a burnout coach?

[35:16] Resources + How to connect with Rachel.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Rachel's blog - Tips to Thrive: https://rachelboehm.com/tipstothrive

How Noise is Hurting Your Health: https://rachelboehm.com/tipstothrive/drowning-in-decibels-how-noise-is-hurting-your-health

Subscribe to our Private Wealth Newsletter, Monument #Unfiltered: https://bit.ly/monumentunfiltered

National Association of Women Business Owners (NAWBO): https://nawbo.org

About Rachel Boehm:

Rachel Boehm is a behavior change and performance coach and psychologist transforming the way we work. Her coaching and consulting programs, and keynotes are building burnout-proof leaders, burnout-free organizations, and sustainable peak performers by creating conditions to thrive℠.

Visit Rachel's website: https://rachelboehm.com

Connect with Rachel Boehm on LinkedIn: https://www.linkedin.com/in/rachelboehm

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

It's time for another quarterly market update from the Monument Wealth Management team!

In this episode of Off the Wall, our lovely co-host Jessica Gibbs has returned from maternity leave. Please help us give her a warm welcome back!

For this mid-year review, Jessica and co-host David B. Armstrong are joined by Erin Hay and Nate Tonsager from Monument's Portfolio Management team.

You'll hear what sectors are performing well in 2024, which stocks are driving the market (and how that compares to previous years), and why you should be checking company earnings and share prices when buying and selling stocks.

Plus… Will the 2024 presidential election increase volatility in the stock market? Should you change your investment strategy around the election? Tune in to find out!

"Just remember that earnings drive share prices and when prices get ahead of earnings, the probability of disappointment increases with each new earnings report." – David Armstrong

Episode Timeline/Key Highlights:

[00:00] Welcome back Jessica! & The topic of today's episode.

[00:54] Market recap of Q2 and 2024 overall.

[10:40] An important note about large cap and mega cap stocks in the S&P 500.

[17:45] Notable market stats and insights from Q1 and Q2.

[22:51] Stock Market Volatility: It's role in investing & how to navigate it in 2024.

[24:32] 2024 Market Breadth: Our breakdown and bottom line.

[31:05] The impact of presidential elections on the stock market & Tips for investing during an election year.

[38:08] What are we most optimistic and pessimistic about?

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Listen to recent episodes of Off the Wall: https://apple.co/46uttsg

J.P. Morgan's Guide to the Markets: http://bit.ly/417YgYm

July 2024 BLS Employment Report: https://bit.ly/3VXjY0p

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

Follow our Asset Management team on LinkedIn:

Erin Hay https://www.linkedin.com/in/erinhay

Nate Tonsager https://www.linkedin.com/in/nate-tonsager-5a019b105

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Connect on LinkedIn: https://bit.ly/MonumentWealthLI

Connect on Facebook: https://bit.ly/MonumentWealthFB

Connect on YouTube: https://bit.ly/YouTubeMWMFit

Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered

About "Off the Wall":

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.