Today we gave big kudos to Robert Smith and his benevolent gesture to the Morehouse College Class of 2019. Would a gift such as this be possible in a Socialistic system? Mike Smith explains tensions with China and "The Long March". Other topics include active management of the bond portion of your portfolio, credit risk, and Roth IRAs.
A fun Friday show on which we covered a lot of topics. We're seeing the greatest expansion of the economy, but expect volatility, and retrofit your portfolio to roll with the punches. Allocate your assets properly, and make retirement plan adjustments accordingly. Mike Smith also discussed the housing market.
Today's show was packed with information. We covered Walmart's earnings vs. other retailers. Trade talks are behind the recent market volatility. And Taco Bell (YUM Brands) is/are doing so well that they are opening a resort. Plus some talk about the Fed and Central Banks.
Mike Smith talks about trade negotiations and what the Chinese people may think of the process. We discuss the speculative nature of cryptocurrency and how it relates to other currencies. Mike gives his take on yesterday's Small Business Optimism Index report. Also, a conversation about retirement goals.
On the show we talk about the tenuous nature of the trade talks with China, and how the markets are being affected. Luke Patterson explains why it's important during the talks to allow China to preserve and/or save face. Luke gives a 101 class on Roth IRAs.
We covered a lot of ground today, as the market corrected following China's announcement of new tariffs on U.S. imports. Mike Smith explains why you should expect volatility, and how to remain calm. Bitcoin is up 96% over the last month. Also, the subject of inequality will be a major talking point in the next election cycle.
A very special show today as we welcomed guest hosts Jacob (age 10) and Jackson (age 7) to talk about the basics of a good financial plan. Luke Patterson chatted with the boys about starting to save, and the earlier the better. Luke explained the power of compounding interest and having goals when it comes to your money.
On the program Mike Smith introduces us to a new trend that involves naming financial corrections. For instance, a hurricane can be named Ike or Rita, thus a market pullback can be called, in this case, The Trump Slump. Mike also explains why "friends don't let friends buy and hold". Then we discuss learning from your own mistakes, AND the mistakes made by those older and wiser.
On today's STA Money Hour we covered some ground with such topics as: Steve Bannon's comments on China, Joe Biden is wrong on China, and what Bond King Jeff Gundlach thinks about Modern Monetary Theory. The market had a rough day, and Mike Smith explains why a correction is normal.
On the Monday show, we discuss the tweet from President Trump that moved the markets, the Dow plunging and then recovering, and what it means for the continuing trade negotiations. Luke Patterson explains why the cost of money is important, and gives a refresher on bonds.
Great jobs numbers from the Labor Department, and the lowest unemployment rate in 49 years top the news. Mike Smith discusses a range of topics, including knowing your downside, and how to not screw up your retirement. RMD's. You would be surprised at how many people don't know that they are. Also, VP Mike Pence has chimed in with a suggestion to the Federal Reserve.
On today's show we follow-up on what happened at the FOMC meeting and comments by Fed Chair Jerome Powell. Other topics include several IPOs and how those are turning out, a preview of the STA Wealth Management Weekly Report, and Luke Patterson analyzes comments made by Hedge Fund Guru Ray Dalio.
On today's program we discuss what we may expect from the FOMC minutes and subsequent speech by Fed Chair Jerome Powell. How long will the Fed "pause", and does anyone really know? Mike Smith talks about Carl Icahn and the methods he uses.
On today's show Luke Patterson gives a rundown on the earnings front. Congress and the White House have agreed on a number for spending on America's aging infrastructure, and the number is a big one. Luke also explains bias in investing, the four basic types. Ego, Conservation, Attention, and Emotion.
As we've mentioned previously, the Federal Reserve is "pausing" on adjusting interest rates. Today's reports on consumer spending and flat inflation will likely continue the "pause". We talk about Disney's earnings and the battle for streaming supremacy. We ask the question: Would you take part in an IPO for a company called "Beyond Meat", a vegetable-based "meat" product? Also, Mike Smith details why liquidity matters.
On the Friday show we discuss the mixed bag of Q1 earnings. Amazon for the win. 3M...not so much. And others. Luke does a detailed breakdown on Debt & Deficits. Are we in love with deficits? It sure seems that way.
On today's show, Scott Bishop, Director of Financial Planning for STA Wealth Management, interviews Mary Beth Franklin. Mary Beth is a Contributing Editor at InvestmentNews. She is an expert in Social Security Claiming Strategies, and author of the book "Maximizing Social Security Retirement Benefits". A must-listen for anyone with Social Security concerns.
On today's STA Money Hour, Luke discusses the hit-n-miss mixed earnings for Q1. The global markets and treasury yields, and how the U.S. Ten-year looks great by comparison. We also discuss the preoccupation with Socialism in a world where Capitalism thrives.