Wealthy Behavior

With only a quarter left to go, investors are pleased with 2024’s stock and bond markets thus far. Heritage Financial’s Chief Investment Officer, Bob Weisse, joins CEO, Sammy Azzouz, to discuss recent performance and:

• David Tepper’s call to “buy everything related to China”
• The health of the US consumer
• Bonds are no longer ugly-get your bond allocation right
• What to look for when investing in small cap stocks
• Developing ways to be more tax efficient

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

We are honored to welcome Christine Benz, author of How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement and director of personal finance and retirement planning at Morningstar, to our podcast. Whether you are planning for retirement or already retired, you’ll gain insight on how to find success in retirement financially and otherwise, from those who have studied retirement for decades.

• How to think about retirement spending
• Avoiding common retirement challenges
• The connection between relationships and success in retirement and life
• The bucket approach to asset allocation – how to think about it and how it can add value
• Long-term care decision making and options to explore
• How covid has impacted retirement, financially and non-financially

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

Michael Waldron, Heritage Financial’s Director of Portfolio Management, joins Sammy Azzouz to discuss what’s going on in the markets and investment universe today.

• What are carry trades and why they impacted global markets so dramatically in August.
• Rebalancing portfolios to capitalize on today’s stock and bond markets.
• The Feds messaging and the impact its already had on rates.
• Market performance during election years and what to pay attention to instead of which party gets elected.
• And finally, both avid readers, Michael and Sammy discuss their recent reads.

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

Special guest, Sam Ro, financial writer and founder of the finance newsletter TKer, joins to help investors of all experience levels cut through today’s noisy headlines and make sense of what’s really happening in today’s markets and economy.

Though economic indicators are starting to cool, the economy and consumer spending are still strong and signs are pointing toward future growth. Sam and Heritage Financial CEO, Sammy Azzouz, discuss the macro economy, the most recent corporate earnings results and the messages individual investors can get from reading and listening to earnings reports. Sam also shares takeaways from the early August market meltdown, his view on investing during an election year, and the data he’ll be monitoring in the coming months and quarters to get a feel for the direction of the economy.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

*BONUS* How To Build Your Next Million, our free ebook, teaches investors about the tools that can help them SAVE more, GROW more, KEEP more, and PROTECT more. Get your copy today!

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Tker has both a free and paid subscription and Sam is offering Wealthy Behavior listeners 3-months of free access to a premium newsletter subscription. Visit www.tker.co/subscribe to subscribe to the free newsletter. Once you get an email confirmation, reply to that with a note saying you heard about TKer on the Wealthy Behavior podcast.

*Heritage Financial is not affiliated with Tker.co and no compensation has or will be provided in exchange for any subscriptions.

The weaker than expected CPI report released early in the month bolstered investor confidence for rate cuts in September. This favorable data combined with slowing economic growth and higher unemployment, led to a sharp drop in yields and a big rotation trade among stock market performers. In fact, small cap stocks experienced their largest single day of outperformance in over 40 years. With markets adjusting to recent data and recession fears increasing, markets are becoming more volatile.

Tune in to hear our CEO, Sammy Azzouz, and CIO, Bob Weisse, discuss recent market moves, what they mean for investors, and answer a listener question – Do you really need to update your allocation to be more conservative as you get older?

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

Kyla Scanlon, writer, podcaster, and the author of the book In This Economy? How Money & Markets Really Work, believes that human behavior is the ultimate driver of the economy, and that misinformation is driving people to make poor decisions.

Kyla joins this episode to discuss her book, thoughts on today’s economy, and the importance of financial education, which she has a great passion for. She wrote her book to serve as an introductory guide to understanding the economy and to provide the basic tools people need to better understand the world they are a part of. Kyla’s ability to break down complex topics like the financial markets, inflation, labor market, and the economy at large into understandable content has amassed quite a following. Tune in to find out why!

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

There’s a saying that the Fed takes interest rates up on an escalator (smooth increases) and down on the elevator (larger, quick drops). We are around peak interest rates, the market is expecting the Fed to cut rates twice this year, and based on slowing economic data it looks like the cuts should begin soon. What will give the Fed the green light to start? Tune in to hear Heritage Financial CIO, Bob Weisse, and CEO, Sammy Azzouz, discuss what has stood out to recently, including:

• The latest on interest rates and inflation
• Recent narrowing of stock market leadership and what’s driving the winners
• Why a diversified fixed income portfolio is imperative, especially now
• A primer on private credit–a detailed discussion about what is it and how can it fit in a portfolio

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

The Tax Cuts & Jobs Act is set to sunset at the end of 2025. For many people, this expiration of tax cuts will mean more of your money will be going toward taxes. Heritage Financial’s Chief Planning Officer, Ed Jastrem, joins Sammy Azzouz to discuss the “use it or lose it” window of time that is left to save on taxes and shares the impacts this could have on your wealth, your habits, and your legacy.

•  What does the TCJA sunset mean for 2026 and beyond?
• Could legislation be proposed to halt the sunset, or parts of it?
• 2026 is over a year away, why start planning now?
• What are the downsides to pre-planning if something does change with the sunset?

For the most personalized and strategic plan that best meets your needs, we recommend collaborating with your wealth manager, tax advisor, and estate planner. Content in this episode is for informational purposes only and should not be construed as tax or legal advice. 

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

A series of weaker labor market and housing data, better than expected inflation data, and resilient corporate earnings have all contributed to May’s healthy market performance. While inflation has been sticky, signs of a slowing economy are emerging. Heritage Financial CIO, Bob Weisse, and CEO, Sammy Azzouz, discuss these signs, global market valuations and why it could be a good time to rebalance, and explain the how, what, and why of stock splits.

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].

Allison Schrager, economist and author of "An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk," joins Sammy to discuss how principles of risk used in finance relate to all industries, and ways to measure it, control it and maximize it.

They also discuss some of the biggest risks in retirement including the projected depletion of social security and some ways to fix the problem, what spending looks like in retirement and how it’s financed, and advice on how to balance competing goals.

Allison is also a senior fellow at the Manhattan Institute, a regular contributor to the Economist, Reuters, and Bloomberg Businessweek, and co-founder of LifeCycle Finance Partners, LLC, a risk advisory firm.

Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.

We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].