7. Listener questions – Wealthsteading Podcast

Episode 519 00:00 Introduction 04:52 Michael Saylor says he might have to sell Bitcoin 07:25 Market at record highs … what do you do with new money? 09:25 It’s a stock picker’s market 14:13 $FLEX up 35% today 16:22 How old is Joe? 18.43 Not a typical Millennial Join us for a YouTube live Q&A Wednesday May 6, 3:00pm eastern:  https://www.youtube.com/live/2ppgj1ZcDXw?si=FpfQCrV...

Episode 353:  Listener questions- Chinese Stocks, Tech Stocks, 2022 Outlook, Portfolio Management, Swing Trading and more. ——————————————————

Episode 318:  Listener Questions: Is it time to buy oil stocks? Why don’t you talk about penny stocks? What happens when a stock is delisted? What is a reverse stock split? Should I contribute to an IRA or a ROTH? What is a good investment book to read? When should you sell a stock? What is a Protective Put? Cash vs Cash Equivalent Fund vs Short Term Bond Fund Terminology ———&#82...

Episode 312:  TRIGGER WARNING:  This episode may offend some listeners…especially those of you that ask DUMB questions.  Bottom line…this episode focuses on the fundamentals of building wealth: Earn/Save/Invest. —–

Episode 305:  In this episode we’ll start off the new year with a slew of listener questions covering everything from Automation to XOM. ————————————————————–

Episode 297:  The debate rages on about whether it’s a good idea to follow your passion- I suggest changing the paradigm.  Rather than following your passion, I suggest you work on DEVELOPING a passion.  There’s a big difference and in this episode I discuss the possibilities. ———————————————&#...

Episode 275:   I don’t recommend early retirement, especially in the context of Millennials that want to retire in their 30s or 40s. I think early retirement is both Unrealistic and Undesirable. It comes down to simple math, the retirement equation is: Living Expenses = Pension + 4% Retirement Savings Most people can’t afford to retire, early or otherwise. But there’s a Wealthsteading solution, fo...

Episode 274:   I never budget. Budgeting is a plan for failure.  Optimistic biased budgets encourage people to spend what they can “afford”.  Inevitably things go awry.  Unforeseen expenses cause a deficit that usually ends up on a credit card. Stop thinking in terms of Emergency Funds…start thinking in terms of saving for an Opportunity Fund. The issue shouldn’t be about affordability.  The...

Episode 225:  Lightning round answers to common listener questions: How badly will BREXIT hurt England? Is Twitter a buy? Should I pay my mortgage off early? Is it a scam? [ spoiler…the answer is almost always YES ] TRADE FYI-  closed the DNO oil short this week, I always blog about changes to my portfolio here:  http://www.investablewealth.com/commentary/ —————&#8212...

Episode 189:  Listener Questions… Paying off debt Emergency fund Funding retirement plans (401k, IRA, Roth) Becoming an Investor Where to put your initial savings…someplace safe Robo Advisors Discount Brokers Status of my portfolio ————————————————————– 10 Wealth Building P...

Episode 101:  PART 3- In this episode I focus on answering listener questions which boil down to reviewing the basics of investing including the following:  Getting started in swing trading, using a simple moving average, saving for college, and self-directed IRA. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITC...

Episode 100:  PART 2- In this episode I focus on answering listener questions which boil down to reviewing the basics of investing including the following:  alternative investments, how the media manipulates you, the dilemma of low interest rates, where to find the 50 day moving average, disadvantage of Buy & Hold permanent portfolio strategies, one fund I’d buy if I only had one choice, and f...

Episode 99:  PART 1- In this episode I focus on answering listener questions which boil down to reviewing the basics of investing. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth buildi...

Episode 95:  Many listeners have asked about the consequence of losing a second income and having one spouse stay home to raise the children.  In this episode I mention some of the experiences my wife and I had in raising our six children. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER:   http://www.stitche...

Episode 89:  Today’s show answers listener questions about investing a small portfolio.  This is a follow up to Episode 16: Saving vs Investing. My philosophy is much different than most in the Investment Industry- I don’t think you should Invest until you’ve built a substantial Savings nest egg.  You should first learn to EARN (ie get a job or start a business), then SAVE, then INVEST. Put your e...

Episode 59:  Today we take a break from the turbulent stock market by discussing things to consider if you’re an employee and you’d like a raise in the upcoming year. Step 1 is being productive and Step 2 is communicating that message to your employer (or future employer). Also reference episodes: 9, 22, 23, 24, 49 Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.app...

Episode 58:  Today the S&P500 broke below its 50 day moving average, the NASDAQ is resting on its. The 50 day line is a key indicator, watch to see if it ultimately acts as support for the indexes.  If not the breach could result in a fall to the 200 dma (and below).  That would take the S&P500 to about 1945, which in my humble opinion is likely since that’s less than a 2% d...

Episode 57:  The perfect stock trading system is the one that works best for you.  Don’t believe the scammer’s claims that their back tested algorithm is fail-safe.  The same goes for late night TV infomercials that tout real estate flipping or get rich options trading schemes. In stock trading, as well as life…you need to develop your own methods that reflect and resonate with your...

Episode 56:  In this episode we discuss Cash, Bonds, Stocks, Mutual Funds and ultimately why Exchange Traded Funds (ETF) may be best for you. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. The Wealthsteading P...

Episode 47: My news sources are very simple. – Firstly, I avoid visual media of any kind (ie no broadcast, cable or internet TV). – To find the truth, I triangulate between the New York Times & the Wall Street Journal. – Investor’s Business Daily is a good reference for current stock market trends. – The Financial Times, Reuters, Bloomberg, The Economist, & Forbes a...

Episode 40:  I’m playing this uptrend all in but not foolishly. My positions are spread over five groups: General Market, US Dollar, Transportation, Staples, & Utilities.  I believe the global economy is extremely brittle and for that reason have limited my exposure to just a few individual stocks; therefore, I’ve tried to mitigate risk by putting the vast majority of my assets in ET...

Episode 33:  Investing in the stock market isn’t anything like gambling- gambling has better odds ! Don’t be deceived- no “expert” can accurately predict the economy or stock market.  There are no secret algorithms or trading strategies.  There are no determinate odds, there is only risk and uncertainty. That doesn’t mean we can’t profit from stock trading.  It just means that...

Episode 31:   Mortgage debt- whether you pay off the mortgage or not, the point is to lead a prudent lifestyle so that you own your house and it doesn’t own you. Should you pay off your mortgage early?  That depends…we discuss some options. The main take away on debt- the interest fee isn’t the biggest penalty, it’s the use of leverage to lead a life that’s beyond what yo...

Episode 28:  The markets are extremely volatile and the US dollar is rising.  IBD’s market status has moved back under pressure after only a few days of uptrend.  My take can be found here:  http://www.investablewealth.com/markets-volatile-while-the-us-dollar-rises/ The global economy is slowing.  The rising dollar may hurt exporters and reduce foreign profits because of u...

Episode 27:   Financial news sources I use on a daily basis In this episode we answer listener questions: –          Sources for news and financial information. –          Discount stock brokers. –          Sources for online stock chart...