WEALTHSTEADING Podcast investing retirement money stock market & wealth

Episode 12

* Market continues slide, worst week in 2 years

* Stagnant jobs report helps stabilize the market- good news is bad news on Wall Street…hope is that Fed will keep low interest rates.

* 10 countries at risk to default on bad debt

* US consumers have been doing some deleveraging but near 30% in collections

* Huge debts in: Student Loans, Automobiles, and Solar Panels

* During turbulent markets, be patient, build a Watch List:

* Examples- P&G, Facebook, LinkedIn, Burger King

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 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 11:  Market review and related news

* Markets in turmoil today…S&P500 drops 2%, it’s second worse day of the year and breaks through it’s 50 day moving average.

*  Based on chart action, it looks like the indexes could keep moving lower for the next couple weeks…BUT who knows?  The Fed’s money pumping has kept this market RESILENT for 18 months, maybe that trend will continue and traders will come in and buy the dips.

* Spanish bond yields are the lowest in 225 years…despite their large debt and poor economy.

* Although there is a concern over inflation and specifically higher wagers (dragging down corporate profits) commodities prices are neutral to down- in spite of geopolitical conflicts… Oil down over 7% since last quarter; Gold down 3% past three weeks.   US Dollar moving up.

* Markets are concerned the Fed might actually start raising interest rates.  If Yellen feels she’s spooked the markets, in a day or two, she’ll probably try to walk it back.

* Changing of the guard at several companies- we discuss Target, WalMart, & Burger King.

* Ebola as a possible pandemic.

* IMF wants a global energy tax which could add as much as $1.60/gal to US gasoline.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 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.

 

We conclude our series on the wealth building principles with #10:  Wealth is a lifestyle

The pursuit of wealth is multifaceted, it’s not just one dimensional.  You can’t just work one element and expect to become financially independent.

A large bank account doesn’t make you wealthy- consider the lottery winner, they don’t have the discipline to manage money and in a few years they’re bankrupt.  Same is often true of those that inherit a trust fund or a business.  They squander the wealth.  Family businesses often don’t last past the third generation because the grandchild doesn’t possess the entrepreneurial skill of the founding grandfather.

Nor does a large income guarantee wealth.  You know of the celebrity or professional athlete that made 10’s of millions of dollars, only to go broke after retirement.  Highly paid professionals often fall into the same trap.  It’s not uncommon for a doctor or corporate executive to be living paycheck-to-paycheck, broke at the end of the month just like Joe Sixpack.  Their compensation just can’t sustain the lavish lifestyle.

Wealth is a lifestyle because to attain it, you must implement wealth building principles, not just one element.   It’s a balanced, holistic approach…it’s a lifestyle.

The wealth lifestyle is also multi-generational, it can be ingrained in a family’s culture.

In this episode we conclude by reviewing the other 9 wealth building principles.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 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.

 

We continue our series on the 10 wealth building principles by discussing #9:  Be a giver

To be truly wealthy, you need to have both monetary capital and social capital.  You build both by being a GIVER.

As an employee or an entrepreneur you maintain your edge by producing above your compensation- you provide a service or product that is valued by the customer.

Social capital is built in a similar manner- giving and serving in our families, neighborhoods, and communities.  This is the source of true happiness.

To build capital (monetary & social) you need to produce more than you consume…be a maker not a taker.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 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.

 

We continue our series on the 10 wealth building principles by discussing #8:  Decrypt Propaganda

Treat all news and information as propaganda.  Everyone is trying to sell you something…business, government, acquaintances, they all want something from you.  Learn to see through the lies and misinformation.  They’re messaging to you, trying to spin reality and manipulate the truth to favor and promote their agenda…don’t be fooled.

The Soviet Union created Potemkin Villages to disguise the horrors of communism.  These “villages” were just a facade, a fake town, a showplace.  The gullible Western intelligentsia that were deceived became known as “useful idiots”.

Learn to identify Potemkin Villages.  As in navigation, use triangulation to determine the truth.

Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 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.

 

In this episode we discuss the 7th wealth building principle:  Profit from nature

This may sound redundant since we covered profiting from Trends in the previous episode- but it’s actually quite different.  Consider how the study of economics is broken down into micro and macro.  I consider Trends and Nature in a similar manner.

Forces of nature cause events.  Events cause disruptions in markets, which can be traded for profit.

The major forces of nature are:  Mother Nature (floods, hurricanes, earthquakes, etc) ;  Human Nature (fear, greed, love, hate, etc) ;  and Government (this is actually a subcategory under Human Nature, but since government has become so omnipotent, I consider it as a separate force- taxation, inflation, regulation, war, enslavement, etc).

Early identification of these forces acting on markets can net a profit.

Do you find it distasteful to profit from other’s misfortune?  For instance- shorting Japan’s Nikkei index to take advantage of the Fukushima nuclear accident caused by a tsunami.  Think with your head, not your heart.  Be logical and analytic.  Taking a profit in the stock market on such an event doesn’t increase nor decrease the tragedy one bit.  Human suffering is not impacted.  The event occurred, it was outside of your sphere of influence.

Wealth builders think in terms of prosperity not scarcity.  If you’re poor and destitute, how can you contribute to help others?  Your ability to do good is amplified by your excess resources and capital.

Learn to profit…and be generous with your wealth.

Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 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.

In this episode we discuss the 6th wealth building principle:   Profit from trends

Trend trading goes against the conventional wisdom of buying and holding stocks.  I personally believe, based on my own history that buy & hold is a myth.  Why suffer through an inevitable market downtrend?  The dotcom bubble of 2000, the housing bubble of 2008…another bear market will occur, they always do.  Why participate?

You can never accurately predict a market top or bottom, but I believe that there is enough margin for error that you can get in/out – early/late and still preserve your capital and build wealth.

Trends are occurring all around you.  Companies, products, organization, societies…all experience a life cycle.  Be observant, watch what’s happening, don’t knowingly get talked into betting on a loser.

True, after about 6 years the S&P500 recovered from the loss of the Great Recession.  BUT remember, the NASDAQ has still never recovered from the dotcom bust of 2000.

Markets ebb and flow, learn to profit from the trend.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano.  For more information visit us at:   www.wealthsteading.com    or    www.investablewealth.com

Copyright © 2014 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.

Continuing our 10 part series we discuss wealth building principle #5:   Embrace Technology & Innovation

Don’t fear change.  Don’t be propagandized into maintaining the status quo.  The entrenched establishment will always try to hold onto their power and position.  They’ll fight to the end.  But ultimately innovation always wins out.  Governments, companies, and institutions that don’t accept change eventually fail.

Don’t confuse technology with just computers and software.  It’s so much more.  Technology is the science and study of technique.  All industries, organizations, and people can benefit by improving their technique…from sports to music to manufacturing.

Invest in winners, companies that embrace technology to improve productivity and create new products and services…which enable all of us to have a higher standard of living.

Don’t be a Luddite.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano.  For more information visit us at:   www.wealthsteading.com    or    www.investablewealth.com

Copyright © 2014 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.

We continue our 10 part series with this episode on the 4th wealth building principle:  Identify Value

Becoming financially independent requires wisdom and maturity.  A key component is the ability to identify value.  And it all starts with recognizing value in people (i.e. character).

We discuss identifying value in:  People, Opportunity, Property, and Stocks.  Subjugate your emotions, focus on the cold hard facts.  Look beyond today and try to forecast future value.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

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

[re-release so that episode will show up in iTunes store list]

In this inaugural episode we introduce the first of 10 wealth building principles:  Wealth is freedom

Do you think having wealth is about having a lot of money?  Think again.  Wealth is freedom.  Building wealth is not about accumulating money, it’s about creating a lifestyle that affords you freedom and liberty.

The good news is that you can attain it and that you become successful the day you start down the path of building your wealthy lifestyle.

Subscribe to the Wealthsteading Podcast via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058