The Money Huddle

In this episode we discuss the recent announcements by multiple custodians that trading fees would be reduced to zero. This change made headlines recently, and it's been widely reported as a game-changer for investors. 

What will the new frontier be for investors as cost barriers continue to face downward pressure?

This move only emphasizes how technology is opening up the investment world to new ideas and markets, yet we feel that the role of a trusted advisor is more crucial than ever. 

We chat about investor behavior, the importance of a plan, college athletes getting paid, and the bank of mom and dad being alive and well. 

Enjoy the conversation!

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Articles we discuss in the show:

CNBC Article about trading fees

https://www.cnbc.com/2019/10/13/battle-for-client-assets-heats-up-as-brokers-cut-fees-to-zero.html

Jeff Bezos quote

https://www.goodreads.com/quotes/966699-i-very-frequently-get-the-question-what-s-going-to-change

College Athletes Getting Paid

https://www.cnbc.com/2019/10/29/ncaa-allows-athletes-to-be-compensated-for-names-images.html

Pew Research Center article

https://www.pewsocialtrends.org/2019/10/23/majority-of-americans-say-parents-are-doing-too-much-for-their-young-adult-children/?

 

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, we discuss several topics:

-The demise of WeWork and how unicorn companies are being exposed in today's marketplace

-The perils of credit card debt and the impact it can have on your financial picture

-The idea that companies should get out of the retirement and healthcare business

-A tidbit from James Clear-- Consistency > Intensity

 

If you'd like access to the articles or resources we discuss in this show, check out the links below:

https://www.valuepenguin.com/average-credit-card-interest-rates 

  https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixtoFVX6eKiU/v1/-1x-1.png      https://twitter.com/ReformedBroker/status/1176548908077658113?s=20   Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by Amazon
https://www.amazon.com/dp/0735211299/ref=cm_sw_em_r_mt_dp_U_hBpJDbC3DN9S5  

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode we discuss the lost hours to hobbies such as fantasy football, financial professionals who can't seem to be objective, and the way people now value information because of ease and speed...not for understanding. 

We also chat about what we've been reading and listening to lately.

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Several of the articles we mentioned can be found at the links below:

https://thefsga.org/industry-demographics/ 

https://www.barrons.com/articles/financial-advisors-wear-more-hats-than-ever-51566938202 

https://www.advisorperspectives.com/articles/2019/08/25/annuities-do-not-belong-in-401-k-plans

https://fs.blog/2015/08/in-praise-of-slowness/

https://www.stern.nyu.edu/faculty/bio/scott-galloway

 

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, we discuss how some companies are looking to use their story or their vision to influence investors. It's no secret that some IPOs lately have disclosed some ridiculous risks in their S-1s. Are investors overlooking these risks because of a great story?

We also chat about how people who are planning for retirement could be using a flawed planning philosophy.

Lastly, we end up by asking an important question: Are Americans Doing Vacations in the Best Way?

Some of the references we discuss in the podcast can be found here:

https://www.benefitnews.com/news/unum-to-allow-workers-to-apply-pto-to-student-loan-debt 

https://www.sec.gov/Archives/edgar/data/1533523/000119312519220499/d781982ds1.htm#toc781982_2

https://www.bing.com/search?FORM=SLBRDF&PC=SL10&q=DDD+Stock

https://www.bing.com/search?FORM=SLBRDF&PC=SL10&q=TLRY

https://www.economist.com/business/2019/08/08/holidays-are-good-for-workers-and-companies-alike

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode we discuss the latest revelations in what seems to be a new era for college admission scandals, the global retirement savings problem, and retirement itself--- Could Retirement Be Outdated?

Some of the references we mention in the article can be found at the links below:

https://www.propublica.org/article/university-of-illinois-financial-aid-fafsa-parents-guardianship-children-students

https://www.bloomberg.com/news/articles/2019-06-13/world-s-retirees-risk-running-out-of-money-a-decade-before-death

https://weforum.ent.box.com/s/w6cth9cdasx1k7g1vjnsqxttkv34t2su

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode we discuss another NFL athlete with financial issues, more IPO insanity, and the premiere of All or Nothing: Carolina Panthers. 

For more info on some of the topics we discuss, check out the links below:

https://www.celebritynetworth.com/articles/entertainment-articles/floyd-mayweather-keeps-123-million-cash-checking-account/ 

  https://www.cnbc.com/2019/03/25/wework-says-sales-more-than-doubled-last-year-but-so-did-net-loss.html   https://www.wsj.com/articles/wework-co-founder-has-cashed-out-at-least-700-million-from-the-company-11563481395   https://www.theadvocate.com/baton_rouge/sports/lsu/article_116f4336-acd2-11e9-9b43-43677be4c82c.html   https://www.lsu.edu/eng/about/pft-hall-overview.php   https://www.celebritynetworth.com/articles/sports-news/adrian-peterson-has-made-nearly-100-million-in-the-nfl-and-hes-still-broke/  

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode we discuss a recent article from Investment News that highlights the risks of some women who let their spouses control the finances. We chat about a few ways that couples at different phases of life can hopefully open up discussions about their shared financial goals. We also spend a few moments addressing a fast growing trend- online banks and banking apps that are creating some unique opportunities for savers and investors. 

If you'd like read the article from Investment News, you can follow this link: 

https://www.investmentnews.com/article/20190706/FREE/190709979/women-whose-spouses-control-the-finances-may-be-putting-themselves

Some of the other items we discuss can be found here:

https://www.forbes.com/sites/learnvest/2012/09/10/how-to-combine-finances-with-your-partner/#61d2f03be22c   

https://www.chimebank.com/2018/04/30/how-does-chime-make-money/ 

  https://thecollegeinvestor.com/17610/top-automatic-savings-apps/  

 

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, we tip our cap to "Annuity Awareness Month" by discussing one of the most polarizing financial products -- annuities. 

It's extremely rare to encounter a financial professional that doesn't have a strong opinion about annuities. In our view, annuities are one of the most marketed, yet least understood, financial products. Whether you love them or hate them, they aren't going away. 

We think it's important for clients to be educated on annuities, and in this episode we touch on some areas we think are keys to understand.

Lastly, we briefly touch on a recent development in personal finance...where people are actually taking on personal loans to pay for their weddings!  

 If you'd like to read the article mentioned in the podcast, you can find it here: 

https://www.washingtonpost.com/business/2019/06/19/married-debt-couples-are-taking-out-loans-pay-their-weddings/?noredirect=on&utm_term=.5fea7c0d00c9

 

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode we discuss how difficult it can be for us to practice the art of delayed gratification, using the NBA Free Agency system as an example. From there we move into the brilliant financial writing of Morgan Housel, and we finish up with a discussion on "The Most Googled Financial Topics."

Articles we reference in the show can be found here:

https://www.wealthmanagement.com/industry/seven-most-googled-financial-topics-united-states/gallery?slide=1

https://www.collaborativefund.com/blog/five-lessons-from-history/

 

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, we discuss some of the potential changes proposed in the SECURE Act, which is a retirement reform bill making its way through Congress. We also talk about coffee consumption and a recent upset in professional boxing--one that no one saw coming. Lastly, we focus on the effect of taxes in some states driving a flight to lower taxed states.

Some of the articles and ideas mentioned in this show can be found here:

https://www.bloomberg.com/news/articles/2019-05-24/migration-s-biggest-loser-is-connecticut-as-florida-profits   https://www.forbes.com/sites/jamiehopkins/2019/05/24/8-major-ways-the-secure-act-could-impact-your-retirement-plan/#22e908b63437   https://www.congress.gov/bill/116th-congress/house-bill/1994?q=%7B%22search%22%3A%5B%22Setting+Every+Community+Up+for+Retirement+Enhancement+Act%22%5D%7D&s=2&r=1   https://www.zillow.com/homes/for_sale/Fort-Mill-SC/fsba,fsbo,fore,cmsn_lt/90064647_zpid/31612_rid/globalrelevanceex_sort/35.160617,-80.618363,34.843394,-81.206818_rect/10_zm/0_mmm/   https://www.zillow.com/homes/for_sale/Cherry-Hill-NJ/fsba,fsbo,fore,cmsn_lt/38233600_zpid/37851_rid/globalrelevanceex_sort/39.980934,-74.849511,39.8324,-75.143738_rect/11_zm/0_mmm/   https://www.menshealth.com/uk/health/a27696049/drinking-up-to-25-cups-of-coffee-wont-harm-your-heart-says-science/  

 

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!