Soundtrack to a Financial Advisor's Life with Olde Raleigh Financial

A Financial Advisor on Why Growth Stocks are Down and Why Still Own Them?

Retirement Savings Ideas for Small Business Owners

We bring EZTPA’s founder, Adam Hunt, in to talk retirement savings ideas for small business owners. We cover a couple of main points:

1. Consider a 401k

2. Consider a Cash Balance Plan

We bring Erik Sullivan and Jonah Pollone from MidStreet Mergers & Acquisitions in to talk about the process of selling a business. We cover several main points:

1. Who do you call when you’re ready to sell your business? Who is your who?

2. Exit strategy and Exit Plan.

3. What are the markets like?

4. Evaluations and Strategies.

5. Fee Structure.

6. Marketing and Listing your business.

Alex Mihajlov

The arch of his career has now landed his firm, Olde Raleigh Financial, to become a fee-based, Independent Advisory firm. Prior to that Mr. Mihajlov was a branch manager at A.G. Edwards, Wells Fargo and Raymond James. His career has been an evolution and, in turn, his perspective on service has evolved.  “My team and I have experienced the large brokerage houses and banks. While they have carved out their spot in the marketplace, I can say it is not for us. We have evolved and we tend to attract those who have evolved away from cookie cutter to a world of customization. They want collaboration. They wanted to be listened too. They want a relationship and we want them to be excited about our relationship.”

We had a fun, meandering conversation with Matt Klein from The Overshoot. Love this guy. Smart as heck.

There is a lot of talk about China’s huge consumer potential and yes 1.6 billion gets the attention of S&P 500 companies. The challenge is very little of China’s GDP is controlled by the consumer because most is controlled by the state. In addition, China’s population is old - check out this podcast we did on China’s ageing population.  So what does huge ageing population with little extra money to spend have to say about the global demand trends and Chinese role in the world?  Throw in a $500 Billion gap in U.S. current accounts and a couple of stories about Mao acting crazy and boom – we got another episode of the Soundtrack to a Financial Advisor’s Life.

· Trade Wars are Class War’s

· Interest Rates Relation to Asset Prices and What it means to Household Income

· China’s Household Savings Rate is 30%. U.S. Household Savings Rate is 7%. Why?

· China’s Household Don’t Have A Safety Net and Have to Save not Spend

· The Consumer in China Has Very Little of China’s GDP and that Isn’t Changing Anytime Soon

· Interest Rates Relation to Asset Prices and What it means to Household Income

· What $500 Billion Gap in the U.S. Current Account Deficit Has to do with Companies Spending More on CapEx

· The Digital Yuan

· COVID Killed Consumer Spending in China? Not really. The Consumer never was spending in the first place.

· China is Getting Richer, but it is Still Really Poor

· Supply Chains – Good News, Rental Car Companies Have Rebuilt Their Fleets

· Mao killed a bunch of sparrows in China and 60 million people starved

· Mao told farmers in China to plant seeds a particular way and 60 million people starved

As Chief Market Strategist, Bill O’Grady performs market, economic and geopolitical

research for the firm, and is a member of the investment committees for the Asset Allocation

strategies and International Equity strategies. Bill also co-manages Confluence’s Global

Hard Assets portfolio, which focuses on tangible commodities investments. Additionally, Bill

writes numerous reports for the firm, which can be found under Research & News, in

which he provides insights on various economic and geopolitical topics and discusses

market effects. In all, Bill has more than 30 years of experience following the energy, foreign

exchange and futures markets and is frequently quoted by such national media outlets

as The Wall Street Journal and Bloomberg News. Bill earned a master’s degree in

economics from St. Louis University and has undergraduate degrees in history and public

administration from Avila College.

Self-described tax policy geek and tax attorney Sandy Clark fills us in on what’s going on with tax laws and how it might affect high net worth clients

A top notch RDU-based tax attorney reviews the Trump-era tax changes, the Biden administration tax proposals and what Congress might actually pass. In addition we covered when Trusts are appropriate, the end of the “stretch IRA” and her favorite places to go for business lunch.

Topics

Andy is a member of the portfolio management team at Nasdaq Dorsey Wright and is responsible for sales and service of investment strategies across Dorsey Wright’s funds, ETFs and SMA accounts. Since joining Dorsey Wright in 2004, he has authored original research on the subject of technical analysis and speaks and writes regularly on the topic of momentum investing. He is a Certified Financial Planner, Certified Investment Management Analyst, and a Chartered Market Technician. He holds a B.S. from Utah State University with a dual degree in Finance and Economics.

Andy is a member of the portfolio management team at Nasdaq Dorsey Wright and is

responsible for sales and service of investment strategies across Dorsey Wright’s funds,

ETFs and SMA accounts. Since joining Dorsey Wright in 2004, he has authored original

research on the subject of technical analysis and speaks and writes regularly on the

topic of momentum investing. He is a Certified Financial Planner, Certified Investment

Management Analyst, and a Chartered Market Technician. He holds a B.S. from Utah

State University with a dual degree in Finance and Economics.

Andy is a member of the portfolio management team at Nasdaq Dorsey Wright and is

responsible for sales and service of investment strategies across Dorsey Wright’s funds,

ETFs and SMA accounts. Since joining Dorsey Wright in 2004, he has authored original

research on the subject of technical analysis and speaks and writes regularly on the

topic of momentum investing. He is a Certified Financial Planner, Certified Investment

Management Analyst, and a Chartered Market Technician. He holds a B.S. from Utah

State University with a dual degree in Finance and Economics.