Episodes
We’ve covered a lot of technical investment concepts on the show over the last couple years. Since it’s sometimes helpful to take a step back and focus on the core foundational concepts, this week’s episode covers the three golden rules of investing we should all be trying to use. We also cover Nvidia’s stock split and the new world of financial scammers.
A few weeks ago I had someone ask whether it was possible to live off of dividend income alone in retirement. This gentleman had saved up a nice chunk of money and was currently invested 100% in stocks. He was eligible for Social Security benefits, and was intent on never selling any of his shares in retirement.
Instead, he wanted to live off the dividends his portfolio produced to pay his expenses. He thought that between his Social Security benefits and dividend income he’d have plenty to pay his bills. I thought this was an interesting question, and dive into the details in today’s podcast episode.
We’re trying a new format on the show! Starting this week each episode of Grow Money Business will include a few consistent sections. We’ll answer mailbag questions. We’ll interview guests. We’ll spend a couple minutes reviewing the markets. And we’ll review news articles you should be paying attention to. Enjoy!
The general goal of investing is to buy low and sell high sometime in the future. So how should we handle it when the markets make new all-time highs? Should we wait for the market to fall before investing new money? Should we invest it all now to catch upward momentum?
The reality is that markets make new all-time highs pretty frequently. Since our economy continues to grow, the size of the pie that drives corporate profits and stock returns simply tends to get bigger and bigger. And even if you invest at a new all-time high today, you’re still likely positioned for positive long-term returns.
In today’s episode we dive into the details. We cover the history of returns over 1, 3, and 5 year periods after investing at an all-time high, and how you might think about this in the context of your overall strategy.
Tony Matheson joins us on the show this week. Tony worked as a wholesaler in the investment industry for 20 years before departing to launch a financial advisory firm, Slalom Wealth. Wholesaling is a sector of the industry we haven’t discussed much on the podcast to date, and Tony joins us to share the inside scoop. We cover how wholesalers work with and influence financial advisory offices, what his path to starting a financial advisory office has been like, and what it’s really like to study and sit for the CFA exams.
I’m asked pretty frequently what I think of the market, and what themes I’m paying attention to. While I don’t think there’s any one theme, event, or headline that should impact your investment allocation, there are certainly some themes I’m tracking more than others. In this episode I cover the top four I’m paying attention to right now: the “Magnificent 7” and the impact on market returns, commercial real estate, the Fed’s dot plot, and the Chinese economy.
Vince Shorb joins us this week to discuss the state of financial literacy. Vince is the founder and CEO of the National Financial Educators Council, which provides financial literacy resources to educators and organizations nationwide. He shares why basic financial concepts are not being taught in public schools across America, as well as what parents need to teach their kids about money to set them up for long-term success.
When politicians draft tax reform bills I usually try not to pay attention until they become law, since so few actually do. This tax reform bill is a little different. The Tax Relief for American Families and Workers Act of 2024 is a bipartisan bill that got through the Ways & Means Committee with a vote of 40-3. And since some of the tax changes would be retroactive to 2023, I figured it warranted some coverage. You might want not want to file your tax return quite yet if any of these changes apply to you.
This week’s guest on the show is Eric Mason. Eric is a CFO, an economist, and a TEDx speaker. He is the current Chief Financial Officer for Quincy, Massachusetts. where he provides direct analysis of all economic and financial forecasting to the Chief Elected Official. He has an academic background in economics and has worked extensively in the field, with a focus on analytics and public policy. He teaches Principles of Microeconomics as an adjunct instructor at WVU John Chambers College of Business and Economics. Eric joined us today to talk about the current state of the economy in the US. Join us as we dive into Eric’s take on the current economic state, where it’s headed, what he expects to happen in the economy over the next 12 to 24 months, his take on federal debt, and more.
This week our guest on the show is Michael Koeppel. Michael is the managing director and founder of Lakelet Advisory Group. In his roles as a board director, C-level leader, and business transformation strategist, he has helped companies in the manufacturing, technology, healthcare device, and turnarounds.
It’s not a surprise that the value of bond funds has gone down with the high interest rates in the past couple of years. But is it a good enough reason to dump your bond funds over it? In this mailbag questions episode, we discuss PIMCO Total Return Instl.., the risks of dumping your bond funds, debt payments, and more.
This episode features Ray Drew, a top-producing SBA 7a Lender, podcast host, and SMB investor. He is currently working as the Managing SBA Business Development Officer at Fund-Ex Solutions Group. Throughout his career, Drew has focused on assisting small business owners with the complexities of small business administration loans.
This week on Grow Money Business we are talking about stock concentration and the Magnificent 7. Last year, there was a group of seven companies that produced a huge portion of the S&P 500’s approximately 20% annual return. Join us as we dive into why these seven companies out-performed, arguments for why they may or may not continue to, and more.
In this episode of Grow Money Business, we are joined by Rocky Lalvani. Rocky is a chief profitability advisor and currently works in his business consulting practice following the principles written in the book ‘Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine’ by Mike Michalowicz.
This week’s episode of Grow Money Business is all about Mea Culpa 2023 and 2024 predictions. About a year ago, Grant discussed some loose economic and financial predictions. In today’s episode, we return to those predictions to discuss what went right, what went wrong, and share some new predictions for 2024.
Asha Paulose is an elder law and estate planning attorney in New York who operates a virtual law firm for clients living in Long Island, NYC, and the Hudson Valley. Her firm prepares trusts, wills, and other planning documents to help protect assets as individuals begin to age. She joined us today to talk about the common estate planning mistakes people make.
This week’s episode of Grow Money Business is all about your investment portfolio. Going into 2024, this is an opportunity to rebalance your portfolio and think about whether your asset allocation is right for you. Join us as we dive into how to rebalance your portfolio, target bonds, exchange-traded funds vs. mutual funds, and more.
[03:40] Rebalancing – Grant explains the importance of balancing your investment portfolio.
[10:28] Personal priorities – Grant describes how to reassess personal priorities and the importance of having a professional to guide you through them.
[15:00] Target bands – Grant explains target band rebalancing.
[24:00] ETF – Grant explains the difference between exchange-traded funds and mutual funds.
What’s the Optimal Rebalancing Strategy?
nasdaq.com/articles/white-paper%3A-whats-the-optimal-rebalancing-strategy-2021-08-02
See how tax-smart asset location can potentially help improve after-tax returns
https://www.fidelity.com/viewpoints/investing-ideas/asset-location-lower-taxes
Scott Christianson is an Associate Teaching Professor at the University of Missouri whose proficiency involves technology, information systems, project management, and education, enabling him to guide students in developing critical thinking skills about upcoming technologies such as artificial intelligence and blockchain. He joined this week’s episode of Grow Money Business to update us with his knowledge of generative AI, cryptocurrencies, Central Bank digital currency, and more.
[07:45] AI –Scott explains how AI can be inaccurate in specifying details and how we can use it as a tool in our arsenal.
[12:50] Copyright issues – Grant and Scott talk about the large-scale copyright issues artists are facing because of AI.
[22:09] Impact – We dive into how generative AI impacts professions such as content creation.
[31:26] Bitcoin – Grant and Scott discuss the long-term potential of cryptocurrency.
[43:00] CBDC – Scott shares his thoughts on Central Bank Digital Currency and its current standing.
[50:38] Usage of CBDC – Scott shares some examples of countries that are both successfully and unsuccessfully using CBDC.
[56:03] Wealth inequality – Grant and Scott discuss the rising wealth inequality in the USA.
Number Go Up: Inside Crypto's Wild Rise and Staggering Fall
by Zeke Faux
amazon.com/Number-Go-Up-Cryptos-Staggering/dp/0593443810
On this week’s episode of Grow Money Business we revisit a mailbag question from a few months back: should you be investing in precious metals? Join us as we talk about whether we should include precious metals in our investment portfolios, the pros and cons of doing so, the different ways you can invest in precious metals, and more.
[05:34] Investing in gold – Grant starts off the conversation by explaining the history of investing in gold.
[14:12] Gold standard – Grant describes how the U.S. decided to abandon silver and move to the gold standard.
[20:17] The Great Depression – Grant shares how the Great Depression impacted the gold standard.
[26:00] Sensibility – Grant explains why it doesn’t make a lot of sense to invest in precious metals as part of your portfolio.
[32:00] Investing – Grant shares how you can invest in precious metals, should you choose to.
Gold standard
en.wikipedia.org/wiki/Gold_standard
The Gold Standard Throughout U.S. History
learn.apmex.com/learning-guide/history/the-gold-standard-throughout-u-s-history/
