9. Special topic – Wealthsteading Podcast

Episode 129:  In this episode I review the rationale of a recent Walmart trade and also discuss the limitations of chart reading and forecasting. Bottom line- no one can predict the future…beware of complicated algorithms and mindboggling trading strategies.  Technical chart analysis is just a guide.  The more complex an explanation, the more likely it’s a scam. —————...

Episode 128:  Today we discuss why I believe that no stock should be held forever.  In 1888 the Sears Catalog was the “Amazon” of the day…now they’re struggling with bankruptcy.  Ten years ago Blackberry “owned” the corporate mobile phone market…where are they today? Never fall in love with a stock…just date them. ————————————...

Episode 127:  In this episode we discuss the nature of the business cycle and also comment on how central bank/government intervention has effected the current cycle which isn’t growing but can’t seem to correct…the business cycle that won’t cycle. This Bull market is over 6 years old and the third longest run in history.  The two reigning Bull markets in history occurred during unprecedented grow...

Episode 126:  A rise in the NASDAQ was not unexpected after the recent Greek drama pullback but I also question whether it’s sustainable.  This is not a dotcom bubble because the players have real revenue and the vast majority have well established profits. But the recent rise is largely due to a handful of large players, while the overall Russell 2000 index is struggling to maintain its 50 dma. ...

Episode 125:  Let’s take a break from the stock market and consider the lighter side of what I call the 4H’s of retirement: Health, Housing, Hobbies & Hugs These are all predicated on WEALTH so you might also want to go back and listen to Episode 85…   https://www.wealthsteading.com/?s=reality+of+poor+retirement+planning&submit=Search Better plan for retirement because you’re going to live...

Episode 124:  In this episode we’ll touch on the likely (and risky) market recovery; downplay the significance of Greece (again); and emphasize my belief that the growth barometer is in China (for good or bad). Over the past 35 years China’s mal-investments have caused overcapacity of industrial production/infrastructure (strike 1), overdevelopment of real estate (strike 2), and now a stock market...

Episode 123:  The S&500 sits about midway between two critical moving averages- it’s near 1% below the 100 dma and about the same percentage above the 200 dma.  The money question is will it break up or break down? This episode is a rapid fire discussion touching on all the things effecting the market: Greece, China, Puerto Rico, Commodities, Oil, US Dollar & the Swiss Franc. —&#8212...

Episode 121:  A Chinese business man recently paid $2.3 million to have lunch with Warren Buffett, underscoring the value of seeking council with a wise mentor. If you’re persistent and outgoing, you can probe the wisdom of a “middle class millionaire” in your community for around the cost of a lunch at Applebee’s or Chili’s. Establishing this valuable relationship will improve your opportunity to...

Episode 120:  The S&P500 is again back below its 50 day moving average (dma)- not a good sign; however, today it did recover much of the morning’s losses closing in the upper 1/3 intraday range.  Also, volume has been well below average during the most turbulent trading of the past week.  So it’s a 50/50 call as to whether the index breaks down or up this week. The 100 dma has been a strong su...

Episode 119:  Last week Wendy’s announced a $1.4 billion stock buyback, which is characteristic of the cheap money epidemic plaguing Wall Street.  Companies continue to resort to balance sheet engineering, rather than making investments to improve their products and services.  How long can this charade last? Ultimately, production is the source of wealth.  See Wealth Building Principle #3:  https:...

Episode 117:  In this episode we conclude our discussion on how the supply and demand of oil effects the market. 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 building principles to h...

Episode 116:  In this episode we discuss oil to illustrate the nature 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 building principles to help investors build wealth an...

Episode 115:  Today’s episode is a slight departure from the norm, but it will revolve around my favorite saying, “money may not buy happiness but it can buy freedom”.   With the emphasis being on “may not buy”. Listen in as I tell the story of Paranoid Paul. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: ...

Episode 114:  In this episode I discuss the pro & con of using a Stop Loss & Protective Put to help preserve your profits. (Part 2) 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 weal...

Episode 113:  In this episode I discuss the pro & con of using a Stop Loss & Protective Put to help preserve your profits. 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 112:  There’s been much made of 4 hour work weeks and those that earn a living by goofing off in exotic places like Bali.  I’m sure those lifestyles exist, I just don’t know anyone living them.  The financially independent middle class people I know tend to work something like 112 hours a week. No, they’re not workaholics.  It’s just that they do what they love.  Their business or work is...

Episode 111:  In light of the many questions and comments I’ve received about taking a cash position, I’ll reiterate my thoughts on the risk management strategy of being in cash.  (Part 2) Don’t try to get rich quick.  Be patient.  Listen to this podcast to hear my comments on being born on third base. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealt...

Episode 110:  In light of the many questions and comments I’ve received about taking a cash position, I’ll reiterate my thoughts on the risk management strategy of being in cash. If you sat out of the stock market for an entire year because you felt the risk/reward strategy was not in your favor (I’m not suggesting that you do this), at current rates of inflation you’d lose about 2% of the purchas...

Episode 109:  With the increase in oil prices over the past weeks and a tightening job market, Wall Street is starting to worry about inflation.  That’s one of the reasons for rising interest rates and of late gold has even broken above $1200/oz. My thought is that the oil price pendulum has swung too far and supply/demand does not justify prices above $60.  I’m watching for a pullback.  It’s stil...

Episode 108:  In today’s episode we’re going to do things a little differently.  As an example of how to embrace technology (wealth building principle #5) and profit from trends (wealth building principle #6) I’m going to play a commentary piece from Steven Harris (with his permission) on his opinion of Tesla’s Powerwall and the future of lithium batteries.  Steven is an expert on all things relat...

Episode 107:  I often receive questions about how to teach kids to invest…but I prefer to teach them to SAVE.  Remember a key wealth building principle is that you must first learn to Earn & Save and only then Invest.  It’s the same for kids.  Especially since their time reference is so SHORT. Parents should teach by example. Have money and economic conversations with them that teach them HOW...

Episode 106:  401k employer sponsored retirement plans (much like 403b plans) have both good and bad features.  Like all things economic, you have to make choices based on trade-offs. The following is simply my personal opinion…it may not be relevant to your situation or preferences. What I like about 401k: Easy to set up a payroll contribution deduction through your employer. This encourages peop...

Episode 105:  I briefly discuss this range bound “musical chairs” market that is occurring as most indexes are at or near record highs.  Be cautious.  To get a feel for how the personality of the market has changed over the past 3.5 years, check out my recent article:  http://www.investablewealth.com/market-musical-chairs/ I also revisit the concept of pursuing your dreams (from episode 102) in li...

Episode 104:  This is part 2 of a two part discussion about current market conditions through the filter of a simple moving average (SMA).  The SMA is a powerful and effective tool- but it’s ONLY ONE of many tools that we can use!  I’ll discuss how I use it and how you can construct one for yourself. Simple 50 and 200 day moving averages are available on charts at:  www.investors.com You can also...

Episode 103:  This is part 1 of a two part discussion about current market conditions through the filter of a simple moving average (SMA).  The SMA is a powerful and effective tool- but it’s ONLY ONE of many tools that we can use!  I’ll discuss how I use it and how you can construct one for yourself. Subscribe to the Wealthsteading Podcast: via iTunes:   https://itunes.apple.com/us/podcast/wealths...