WEALTHSTEADING Podcast investing retirement money stock market & wealth

Episode 111:  In light of the many questions and comments I’ve received about taking a cash position, I’ll reiterate my thoughts on the risk management strategy of being in cash.  (Part 2)

Don’t try to get rich quick.  Be patient.  Listen to this podcast to hear my comments on being born on third base.

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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 111:  In light of the many questions and comments I’ve received about taking a cash position, I’ll reiterate my thoughts on the risk management strategy of being in cash.  (Part 2) Don’t try to get rich quick.  Be patient.  Listen to this podcast to hear my comments on being born on third base. Subscribe to the Wealthsteading Podcast: via... Read more →

Episode 110:  In light of the many questions and comments I’ve received about taking a cash position, I’ll reiterate my thoughts on the risk management strategy of being in cash.

If you sat out of the stock market for an entire year because you felt the risk/reward strategy was not in your favor (I’m not suggesting that you do this), at current rates of inflation you’d lose about 2% of the purchasing power of your money.  This week the S&P500 fluctuated 1.8% (peak-to-trough).

Generally, any week in the stock market will have as high as or higher of a loss risk than an entire year of inflation (at current rates).

Listen to tomorrow’s podcast for Part 2.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 110:  In light of the many questions and comments I’ve received about taking a cash position, I’ll reiterate my thoughts on the risk management strategy of being in cash. If you sat out of the stock market for an entire year because you felt the risk/reward strategy was not in your favor (I’m not suggesting that you do this),... Read more →

Episode 109:  With the increase in oil prices over the past weeks and a tightening job market, Wall Street is starting to worry about inflation.  That’s one of the reasons for rising interest rates and of late gold has even broken above $1200/oz.

My thought is that the oil price pendulum has swung too far and supply/demand does not justify prices above $60.  I’m watching for a pullback.  It’s still anyone’s guess what the Fed will do with interest rates.

The market is turbulent because investors know that profits will suffer if the cost of labor and money continue to rise.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 108:  In today’s episode we’re going to do things a little differently.  As an example of how to embrace technology (wealth building principle #5) and profit from trends (wealth building principle #6) I’m going to play a commentary piece from Steven Harris (with his permission) on his opinion of Tesla’s Powerwall and the future of lithium batteries.  Steven is an expert on all things related to alternative power and he is a personal friend.  You can learn more about Steven at:  http://www.steven1234.com

NOTE: This is for educational purposes only, as an example of how to spot trends.  I’m not recommending or endorsing any investments in Tesla or lithium batteries.  I have absolutely no plans to invest in this industry in the near future.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 107:  I often receive questions about how to teach kids to invest…but I prefer to teach them to SAVE.  Remember a key wealth building principle is that you must first learn to Earn & Save and only then Invest.  It’s the same for kids.  Especially since their time reference is so SHORT.

* Parents should teach by example.

* Have money and economic conversations with them that teach them HOW TO THINK with logic and reason.

* Explain the principle of SCARCITY.

* Encourage them to save money they receive from gifts or working.

* Make them wait an appropriate amount of time before purchasing something with “their” money. [Maybe one day for a child that wants a toy and weeks/months for a teenage that wants a car.]

* Provide them opportunities to experience INCENTIVES.

* Pay them for chores or help them find jobs.

* Match their savings.

* Chip in to help them with a purchase once they’ve met a threshold.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 106:  401k employer sponsored retirement plans (much like 403b plans) have both good and bad features.  Like all things economic, you have to make choices based on trade-offs.

The following is simply my personal opinion…it may not be relevant to your situation or preferences.

What I like about 401k:

* Easy to set up a payroll contribution deduction through your employer. This encourages people to save by deducting the amount from their paycheck before they spend it.

* High contribution limits- under age 50: $18,000;  over 50: $24,000   This is a good way to rapidly build up your retirement savings especially just prior to retirement or if you plan to get another job [assets can then be rolled over into an IRA/ROTH that offers more choices and lower fees].

* ROTH accounts are now allowable.

* Employer match [this is essentially a 100% return on your money]

What I dislike about 401k:

* Limited investment choices and designed inflexibility. These accounts are designed to encourage mutual fund buy & hold strategies.  [My preference would be ETFs in an IRA/ROTH.]  Most plans don’t even offer a money market as a cash equivalent.

* High fees. Although most fees are not readily visible, they’re there and are a major source for exorbitant profits to Wall Street.  [My preference would be ETFs in an IRA/ROTH.]

* Targeted date funds. These are essentially mutual funds that allocate more of your assets into bonds as you get older.  My problem with this is the illusion that bonds are SAFE- when interest rates rise, bond funds LOSE money.

* This is a positive to most people but not to me.  The easier access is made to retirement savings the more people will spend it.  Most employees also don’t realize that when they terminate employment, the loans must be repaid.

Bottom line- personally I would only contribute enough to receive the full employer match (this is a 100% return on your money) and then I would max out allowable contributes to a personal IRA/ROTH [which offers more choices and flexibility].  The exception to this would be if I were nearing retirement or knew that I’d be leaving the employer in a few years- then I would consider contributing up to the maximum limit, knowing in a few years I’d roll it over to an IRA/ROTH [that I would control].

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 105:  I briefly discuss this range bound “musical chairs” market that is occurring as most indexes are at or near record highs.  Be cautious.  To get a feel for how the personality of the market has changed over the past 3.5 years, check out my recent article:  http://www.investablewealth.com/market-musical-chairs/

I also revisit the concept of pursuing your dreams (from episode 102) in light of an AMAZING woman that holds the Guinness Book of World Records for solo circumnavigation of the globe in a sail boat.  She was successful because she persevered.  Read more about Jeanne Socrates at her website:  http://www.svnereida.com/

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 104:  This is part 2 of a two part discussion about current market conditions through the filter of a simple moving average (SMA).  The SMA is a powerful and effective tool- but it’s ONLY ONE of many tools that we can use!  I’ll discuss how I use it and how you can construct one for yourself.

Simple 50 and 200 day moving averages are available on charts at:  www.investors.com

You can also modify and draw your own desired range of averages at:  http://finance.yahoo.com

Read my article “Swing Trading in One Chart” which shows how a simple 100 day moving average could have helped you avoid a catastrophic loss during the DotCom and Housing bubbles:  http://www.investablewealth.com/swing-trading-in-one-chart

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.