9. Special topic – Wealthsteading Podcast

Episode 464:  Last episode we discussed comparative advantage as it relates to the success of countries and corporations but the same concept applies to INDIVIDUALS.  The problem that most people have is not knowing what their comparative advantage is.  Should you pursue your passion or force yourself to get out of your comfort zone?  I believe the best path to personal success...

Episode 315:  In this episode I celebrate the 6 th anniversary of the Wealthsteading Podcast with a special story about my grandfather’s remarkable life.  He was an amazing man that faced insurmountable obstacles but he never faltered.  As an immigrant, in poverty, fighting through WWI trench warfare, surviving as a prisoner of war, enduring the Great Depression…he overcame every ob...

Episode 304:  Merry Christmas, Happy Hanukkah, season’s greetings to all.  In this episode we’ll take a break from the banter of the stock market and instead reflect on a story about a man that was depressed, discouraged and that had almost lost his faith.  So for the next few minutes, sit back, open your mind and your heart and listen to the enduring story of American poet Henry Wa...

Episode 303:  Billionaire investor Ray Dalio has recently penned a piece for LinkedIn entitled “The world has gone mad and the system is broken.” I think Mr. Dalio is wrong.  The world is what it is and if anything is broken it’s Ray Dalio’s economic model.  In this episode, I’ll discuss why the epic confluence of Technology & Demographics (depopulation) are hyper deflationary a...

Episode 214:  I receive many questions asking if people stuck in dead-end jobs should go back to school.  We’ll discuss that topic in this episode.  It all boils down to ROI- return on investment…which in this case should include both the tuition as well as opportunity costs. In a lot of cases, NO… it does not make sense to go back to school .  But that doesn’t mean that you should stop lear...

Episode 212:  In this episode I discuss my positive experience with Liberty HealthShare.  You can learn more about them at:  www.libertyhealthshare.org ————————————————————– 10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-principle/ F...

Episode 209:  Today in recognition of Veteran’s Day and the 241 st Marine Corps birthday, this episode encompasses the entire 5 chapters of Maj Gen Smedley Butler’s 1935 book entitled, “War is a Racket.” Listen with an open mind and draw your own conclusions. ————————————————————...

Episode 203:  Be cautious chasing yield, especially with “high yield” funds. ————————————————————– 10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at:  https://www.wealthsteading.com —&#821...

Episode 202:  The phrase, “catch a falling knife” is used to describe buying a stock that’s dropped significantly in price.  Today we’ll discuss that concept as it relates to prison stocks. Speaking of falling knives, I want to congratulate my friend Patrick Roehrman of www.mtknives.net , who recently received an extremely nice endorsement from Mike Rowe, the Dirty Job’s guy. ———...

Episode 201:  As a follow up to yesterday’s podcast, here’s an example of how a financial article hypes stocks that were purchased last quarter by hedge funds. ————————————————————– 10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-prin...

Episode 200:  Acting upon reliable information is crucial for trading in the stock market, career advancement or just making everyday life decisions.  Where do I get my information?  How do I sort through the propaganda and mis-information?  All that and more in this episode. —————————————————&#82...

Episode 199:  In this episode I review a Bloomberg article about American’s with negative net worth. Negative net worth profile: 43 years old, $39k income & 43% with college degree Positive net worth profile: 51 years old, $80k income & 45% with college degree Link to the original article: http://www.bloomberg.com/news/articles/2016-08-10/you-may-be-broke-and-not-know-it ——&#82...

Episode 198: Link to free PermaEthosTV Q&A session:  https://vimeo.com/ondemand/petvpresentations/176546390?autoplay=1 Oil reach $52/barrel in June and collapsed to $39.50 last week.  Peak summer driving will soon come to an end; Canadian wildfires have burned out; Nigeria is stabling; OPEC isn’t cutting; and most importantly the US shale oil producers are lowering their costs. Looking back to...

Episode 197:  The S&P500 is at record highs at the same time that corporate profits have been declining for 15 consecutive months.  So are markets anticipating a bottom or is money just flooding into US equities because there are no better options?  It’s all about playing the odds and I discuss the “coin toss” analogy. Appearance on JW’s Financial Coaching Podcast:   http://jwfinancialcoaching...

Episode 196:  Friday’s jobs report came out extremely strong, making up for May’s abysmal number.  The S&P500 is near record highs because the US economy seems strong and it appears the Fed won’t raise interest rates because of global concerns. But can rates really stay this low if the economy is so well off?  Rates this week undercut the previous low from 2012…when the US was approaching a “f...

Episode 194:  Relaxing on Independence Day weekend…thoughts on the value of a HOBBY. PS- the chiming sound is the tags on my dog’s collar. ————————————————————– 10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-principle/ Full archives...

Episode 193:  Market turbulence following the BREXIT vote has subsided and the market enters the second half of the year about 1% off record highs. In this episode I’ll note how the “experts” got the BREXIT vote wrong and how they’ll likely get the outcome wrong as well. ——————————————————&#...

Episode 192:  Tesla has made an offer to buy Solar City.  Elon Musk has a significant personal ownership in both companies.  In this episode I view the Tesla opportunity through the filter of history…Marconi and wireless communications. ————————————————————– 10 Wealth Build...

Episode 191:  The European Union has a severe structural problem whether the UK exits or remains. The EU could be a successful trade organization (like NAFTA) if it did not use a single currency.  Theoretically the single currency is appealing because Germany benefits due to a comparative weak currency (thus its exports are “cheaper”) and southern countries (Italy, Spain, etc) benefit from a stron...

Episode 190:  Today I had the privilege to be interviewed by Terry Brock on FreedomFest TV. Listen now to hear the complete interview or watch it at:  www.bit.ly/fftv_pugliano    [NOTE you will be required to login with FaceBook or Twitter.] ————————————————————– 10 Wealth...

Episode 188:  In this episode I provide a market review in light of overall poor global conditions while the S&P500 is near record highs. World Bank again downgraded Global growth to 2.4% Bitcoin at 22 month high…mechanism for capital flight from China and negative interest rates? Is Bitcoin replacing Gold as a currency hedge? —————————&#82...

Episode 187: The Presidential election is causing some to say, “make America great again”.  Being a cynic, I have to ask, “Was America ever great?” Specifically I discuss the turmoil of the 1970s…things have always been screwed up.  Study history and you’ll learn that the world is a troubled place but some people manage to succeed. Do you want to be a whiner or a success?  The choice is yours. &#8...

Episode 185:  In this episode: Today’s purchase of Swiss & Vietnam ETFs Global trade…Oil (Canadian wildfires & new Saudi Oil Minister); China remains SLOW Markets trading in a range but volatile within Sectors (lots of switchbacks)- G20 meeting & Trump Trump- my tin foil hat conspiracy theory —————————————&#8...

Episode 183:  In this episode I begin with the intention of discussing current market conditions and key points about sector rotation…BUT then rapidly digress into a rant about things NOT TO WORRY ABOUT. We’re in an “Alice In Wonderland” Central Bank concocted market…like it or not, that’s just the way it is.  But that’s the reality of the situation and things aren’t going to fall apart because th...

Episode 182:  In this episode I discuss the risk of a Buy & Hold strategy and why I prefer swing trading as an active market timing approach.  HOWEVER, for those that don’t want to actively trade, Buy & Hold is viable and profitable OVER THE LONG TERM.  [That timeframe might be longer than you think…listen for details and a different perspective than what you commonly hear.] ——...