Financial Revelations

A big week in finance! The Fed met and as expected we have a rate cut. Today David goes over: What could have happened What happened Inflation: 2 ways What are the effects and why Why we have inflation As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App. Email any financial questions to Kory@epsf.com Twitter @skibucks1 For more informat...

Today David takes a look at the Presidential Debate and asks the question: Did Trump lay an egg? While it did not seem that Trump handled the debate well, David still feels he is the next President. There is a Fed meeting next week and it is looking like they will take a 25 basis points cut and also lowering the fed funds rate from 5.5% to possibly 3.25% or 3.5% Viewer question: Why do we let othe...

Football season is upon us! We even have a Friday game this week.  Brazil has banned X. Why is our democratic government being quiet about this? With the Presidential debate coming up, one of the topics will be the tax policy of a Kamala Harris; focusing on taxing unrealized capital gains. Which brings us to our viewer question that David answers this week: What is an unrealized capital gain? As a...

September is going to be a big month for 3 distinct reasons: Apple unveils new tech: Iphone 16 Presidential Debate: on ABC, let's see how friendly the mainstream press will be to conservatives The Fed Meeting: Chair Powell begins his rate cut regime As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App. Email any financial questions to Ko...

Busy week in the economic and political sector. The Fed Symposium is currently happening in Jackson Hole, Wyoming. 818k less jobs than thought. David thinks CHAIR POWELL will cut rates by a quarter point. The Democratic National Convention is on it's last day in Chicago and VP and Presidential nominee Kamala Harris has announced her Price Control plan. An economic nightmare may be on the horizon....

With the DNC on the horizon, David talks about the new green deal that Kamala Harris and Tim Walz are trying to pass and how inflationary it would be. He explains how socialism corrupts and distorts the market.  If you bought last week while the markets were down, guess what? YOU WIN! If you sold out of position during the drop...you missed out. So what happens now? David believes there will be a...

The market has been rocky for individual investors.  Now is the time to buy the best companies on the worst news. Today David talks about putting his money management skills to work in this market. He also time travels back to the last great day in the market.  The Feds are under pressure to cut rates. Will there be a cut in September? David thinks CHAIR POWELL might bow to the pressure, but if he...

Today on Financial Revelations, David talks about the whitewashing that is currently happening in the press. They're trying hard to cover up Kamala Harris' words before the election comes around. The Federal Reserve also had a press conference and as suspected, interest rates have not changed, but it looks like they are setting up for a rate cut after the elections. Chair Powell did say that the r...

The market opened a little low this morning but is already back into the green. David gives some insight on how he handles a down market. What a crazy month in Politics! David warns: Do not be deceived by the GPD news that came out for the quarter. 2.8% sounds nice but most new hires were in the government sector and more jobs were part time and not full time positions. As always you can listen to...

Quick Hit of the Day! With Biden out of the running, what will a Trump win look like for the markets? David thinks the stock market will be happy with a Trump win. Pay attention to energy stocks and long term interest rates. As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App. Email any financial questions to Kory@epsf.com Twitter @skib...

After a brief hiatus and a slight change of scenery, we are back to our normal routine! We are in the process of relocating the podcast room, so today our episode is live from David's office. Since we last talked, our nation has gone or is going through: a debate debacle, a President that looks unhealthy, an assassination attempt, the Republican National Convention, and a talkative Chair Powell. W...

Just back from the Amazon Well Drill, David is in office to go over the hot topic of the day: The Big Debate Tonight. It's the end of the first quarter and stocks are a near record high. The economy is still slowing but inflation remains persistent. With the debate tonight, David is hoping for some topcs dealing with: Inflation: is life affordable? Immigration Wars we were not in before Budget def...

Welcome to Financial Revelations! Today we join David on a Zoom call from the Amazon Rainforest! Along with Melissa (translator and newest company employee) and Marcos Rosa(Brazilian Missionary), David goes over the purpose and mission of the Nativos well drills.  Nativos, according to Marcos, is "The thing that is natural." The purpose is to become "native" to the place that God plants them. The...

Today on Financial Revelations: David talks about the Fed meeting from June 12th. No rate hike Expected rate cuts by Feds are down to one….maybe  Feds mission of a "soft landing" and what it means Inflation going up by 2% vs. Recession                                                     A soft landing is impossible at this point because it means we are stuck with permanently higher prices, and the...

Quick update on the Fed and Chair Powell: The economy is slowing; but inflation is not. Why did they not raise rates last November or December?   What we might expect come this November and the upcoming elections? Going into this market we must be diversified. There is a tendency to put everything into AI, tech and chips. An overweight in this is not uncalled for, BUT, do not be stupid about it. B...

The Fed Meeting notes came out this week and here are my hot takes: No rate cuts this year Possible rate hikes not likely Inflation is still 2 times the Feds goal Hear me now, believe me later The cost of waiting: Time value of money The longer you invest, the more it grows, the less you have to save Start early As you get older be able to save more Every income raise you have, dedicate some to sa...

This week on Financial Revelations David tackles the topic of Life Insurance; what is it, what types are there, and why you should get it. If you are interested in learning more or would like to see what life insurance is the best fit for you, please contact our office at (800)344-2534 or (440)934-2195. David also covers the Fed meeting that took place this week. Rates are unchanged and he feels a...

The choppy market and how should we handle it? David will answer this and a rate cut question on today's Financial Revelations. The choppy market will remain so for the time being due to the instability in the Middle East, Ukraine and the upcoming presidential election. What should you do in times like this? Do nothing. Sit and evaluate Be selective in worst hit sectors Look at great companies on...

* Thursday April 18, 2024, David will be on WCRF 103.3 at 7AM instead of his usual 8AM Today on Financial Revelations David talks about how the escalation in the Middle East can affect the market: oil, interest rates and inflation will go up. He also goes over the latest Fed meeting and answers a viewer question on "What does the Federal Reserve do?". As always you can listen to David on WCRF Clev...

Today on Financial Revelations David discusses the CPI, PPI and how this administration has put Chair Powell in a box. The CPI core and non core have been hot 4 months in a row. The PPI came out today and it was pretty tame; however it will be hot next month because of energy. David also answers viewer questions: What do you think of gold? How do I get ready for the election?   We are having a Fin...

On this episode of Financial Revelations: It's Holy Week! Spend time with your loved ones, take time to rest and do what you are not suppose to do at family functions: Talk politics! The market is excited for Trump. Some hopes: Capitalism Realistic Regulation A non weaponized DOJ The FBI/CIA needs a restart Listener question of the week: Is it possible for a Christian to vote for Trump?   We are h...

Today on Financial Revelations David covers yestersdays Fed Meeting where Chair Powell announced they're on schedule for 3 rate cuts this year. David does not see that happening right now with inflation being too high. David also covers a listener question on how Beneficiary IRA's work. The new 10 year rule applies to everyone, even spouses.    We are having a Financial Workshop! Topic: Managing M...

Today on Financial Revelations David talks about inflation numbers going in the wrong direction and it's looking like a problem! Gold and Bitcoin are at an all time high. Consumer prices are up 19% in the past 3 years while income is down 5%. Listener Question: When should I take my Social Security? David wants to look at: Life expectancy Financial Need Taxation of benefit Recapture time frame   W...

Today on Financial Revelations: David talks about the Personal Consumption Expenditure (PCE) that just came out and what it means. He also answers viewer questions on: What type of retirement account you should use when you own a business with non W2 employees How does the war in Ukraine affect us Do you think we will have a recession this year   We are having a Financial Workshop! Topic: Managing...

The Biden Administration believes things are going well, but the data says otherwise! This week on Financial Revelations David talks about todays economy; with inflation up and LEI down, and how to adjust for it all. We are having a Financial Workshop! Topic: Managing Money in a Presidential Election Year Date: April 16, 2024 Time: 6pm Cost: $15 per person. ALL monies will be donated to NativosUSA...