Soul Money Break

A Wall Street Journal article from November 24, 2020 documents the phenomenal rise of the Dow Jones Industrial Average (DJIA) to 30,000 points. We will go over this piece highlighting some of the fundamental causes of the market boom, the v-shaped recovery vs. predictions, why wall street and main street feel so different, and other important lessons when investing for the long term.

[0:55]: What is the Dow?

[01:15]: The flaws of the Dow

[02:21]: The article’s title is very telling

[03:50]: Different investments styles

[06:08]: The Fed saves the day

[07:33]: Options market see increased activity

[08:40]: How options are utilized to make investment decisions

[09:40]: The nature of investment forums

[10:41]: Case Study: John

[12:55]: Case Studies: Michael & Sam

[13:58]: Context is everything

[16:00]: It’s easy to panic when the sky is falling

[17:02]: The Bible offers a different path

[18:59]: The look ahead

If you enjoy the podcast, be sure to subscribe and leave a review on Apple Podcasts.

Show Notes & Transcript:
https://abundantadvisors.com/podcast/the-market-crisis-that-never-was

Book your 1 on 1 Virtual Consultation:
https://abundantadvisors.com/schedule

Disclosure:

Abundant Advisors, LLC, is an Investment Advisor registered with the State(s) of North Carolina. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets, or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request and on our website, https://www.abundantadvisors.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.

Let’s talk about the recent announcement of Tesla joining the S&P 500. We will go over why Tesla is such an attractive company, what it means to be included in the S&P, and the dangers of allocating too much of your portfolio to an individual stock.

[00:37] What Does Tesla Do?

[01:53] Tesla’s batteries and other competitive advantages

[03:03] The Da Vinci of our generation

[04:12] Musk’s wealth has multiplied thanks to Tesla

[05:19] What is the S&P 500

[06:40] Why does this matter to you?

[07:56] The good and the bad

[10:04] The importance of diversification

[11:11] The heart of the matter

[12:12] Getting rich quick

[14:07] The role trust plays in the economy

[16:08] Quick riches bring trouble

[19:00] The process of designing financial goals

[20:13] Reconsider how aggressive you need to be

[21:24] Closing thoughts

If you enjoy the podcast, be sure to subscribe and leave a review on Apple Podcasts.

Show Notes & Transcript: https://abundantadvisors.com/podcast/tesla-joins-the-sandp-500

Book your 1 on 1 Virtual Consultation:
https://abundantadvisors.com/schedule

Disclosure:

Abundant Advisors, LLC, is an Investment Advisor registered with the State(s) of North Carolina. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets, or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request and on our website, https://www.abundantadvisors.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.

We’ll discuss maxing out your 401(k). I’ll walk through a number of options you may want to consider before executing that strategy.

[00:40] Should I max out my 401(k)?

[01:47] Contribution limits

[02:51] #1 Investing in IRAs

[04:45] #2 Real estate 

[06:30] #3 Brokerage account

[10:00] #4 Investing in yourself

[11:35] #5 Saving for college

[13:13] #6 Charitable giving

[19:34] Closing thoughts

[22:15] Outro

If you enjoy the podcast, be sure to subscribe and leave a review on Apple Podcasts.

Show Notes & Transcript: https://abundantadvisors.com/podcast/maxing-out-your-401k

Book your 1 on 1 Virtual Consultation:
https://abundantadvisors.com/schedule

Disclosure:

Abundant Advisors, LLC, is an Investment Advisor registered with the State(s) of North Carolina. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets, or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request and on our website, https://www.abundantadvisors.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.

Is college even worth it?

We believe college is still a winning strategy. Today we will discuss your options to reduce the total cost of a college education:

Leo shares whether it is always worth it in today’s society, and what he and his wife plan to do with their kids once they graduate high school. We’ll discuss a way to get skin in the game in the form of our 75/25 solution while avoiding student loans.

You will hear Leo’s thoughts about the value of college education and how it can turn into a platform to project your faith in the marketplace. He goes into detail about how he sees college as an opportunity to change his family tree!

[00:00]: Episode Preview

[00:31]: College affordability

[01:38]: The rising importance of college

[02:44]: Option #1: Community college

[04:14]: Option #2: Live at home

[05:33]: Option #3: Scholarships and savings

[07:20]: Option #4: The 75/25 solution

[08:27]: Skin in the game

[09:31]: The importance of education

[13:49]: Student loans after graduation

[15:38]: Imagine the possibilities

[17:56]: My experience with college as an entry-level programmer

[18:44]: Closing thoughts

Show Notes & Transcript: https://abundantadvisors.com/podcast/affording-college

Book your 1 on 1 Virtual Consultation:
https://abundantadvisors.com/schedule

Disclosure:

Abundant Advisors, LLC, is an Investment Advisor registered with the State(s) of North Carolina. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets, or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request and on our website, https://www.abundantadvisors.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.

Welcome to Soul Money Break with Leo Marte, the podcast dedicated to helping Christian professionals and retirees grow and manage their wealth wisely through a faith lens. Leo is a CERTIFIED FINANCIAL PLANNER™ and founder of Abundant Advisors, a registered investment advisory (RIA) firm. Leo will bring you valuable ideas throughout this podcast to help you grow your wealth and biblical money lessons.

Soul Money Break is focused on personal finance for Christians. Our conversations will cover a wide range of topics such as college planning, tax planning & management, and also some more mainstream issues like investing, retirement, and many more.

If you enjoy the podcast, be sure to subscribe and leave a review on Apple Podcasts.

Show notes:
https://www.abundantadvisors.com/podcast/welcome-to-soul-money-break

Book your 1 on 1 Virtual Consultation:
https://abundantadvisors.com/schedule

Disclosure:

Abundant Advisors, LLC, is an Investment Advisor registered with the State(s) of North Carolina. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets, or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request and on our website, https://www.abundantadvisors.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.