Market worst week in 2 years, Jobs Unemployment, Countries at risk to Default, Build a Watch List, P&G, Facebook, LinkedIn, Burger King

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.

WSP 0011 140731 Market drops 2%, Wage inflation, Rising rates, Incoming CEOs, Ebola pandemic, IFM energy tax

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.

 

Episode 10: Wealth is a lifestyle, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty

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.

 

Episode 9: Be a Giver, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty

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.

 

Episode 8: Decrypt Propaganda, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty

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.