Financial Revelations

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...

*This is NOT a recommendation to buy or sell. Always contact your Financial Advisor concerning your portfolio. Quick hit of the day is about last weeks CPI Report and how it has impacted the tech stock. David talks about how to react to this information and options you have.   We are having a Financial Workshop!  Topic: Managing Money in a Presidential Election Year Date: April 16, 2024 Time: 6pm ...

Today on Financial Revelations David talks about Stagflation and the Super Hot CPI report that came out. He gives his take on what the Fed and Chair Powell's options are for rates this year.  Viewer question: What type of retirement account should my wife and I set up if we own our own business and are the only employees?   We are having a Financial Workshop!  Topic: Managing Money in a Presidenti...

On this episode of Financial Revelations David talks about how the earning season has been good, but there is weakness appearing. The quit rate is dropping along with the full-time employment rate, while the part-time rate has risen. He also answers a listener question about 401(k)s and ROTH 401(k)s. We are having a Financial Workshop! Topic: Managing Money in a Presidential Election Year Date: Ap...

Today on Quick Hit: Great Companies on Bad News, David picks the asset class: AI Stocks. Is it worth owning? Is it overvalued? As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio app. Email your financial questions to Kory@epsf.com

On this episode of Financial Revelations, David talks about the first Fed meeting of the year. No rate cuts occurred. David talks about how the Fed must remain politically neutral and data based. David is also having a workshop on April 16th at 6pm. The topic will be: Managing Money in a Presidential Election Year. Cost will be $15 a person and all proceeds will go to the well dig fund in the Amaz...

What is happening to the renewable energy market and is it investable? That is one of the questions David tackles on this episode of FInancial Revelations. He also answers viewer questions on whether a HELOC is a good idea, and if bitcoin is a risky investment. As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App. Email your financial qu...

*This is NOT a recommendation to buy or sell. Always contact your Financial Advisor concerning your portfolio. Today on Financial Revelations: Quick Hits, David starts a new series called "Great companies on bad news". First up, Boeing. Even with a door flying off, Boeing is still a good company and one of really 2 big plane makers and they contract with the military. As always you can listen to D...

Today on Financial Revelations, David tackles a couple listener questions including: Are bonds still a good option? Why are bonds earning less the longer you own them? What are you looking at in the market? Thank you again to those who have donated to the missions trip. If you would like more information please visit the links below: NativosUSA GoFundMe As always you can listen to David on WCRF Cl...

Financial Revelation Quick Hit: There is sunlight on the horizon! Donald Trump has been named the Republican nominee. He won he Iowa Caucaus with 51%. Its good news because his policy is spot on, even if his personality isn't.  As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App. Email financial questions to Kory@epsf.com X @skibucks1 I...

This week on Financial Revelations David talks about the 2024 election year and what to expect in the market. He thinks it is gonna be a rocky year with an economic slowdown and suggests holding a slightly larger cash position in accounts.  Thank you to those who have donated to the well mission in the Amazon! If anyone would like more information please check out the following websites: nativosus...

The Fed does not usually surprise us; this time they did! Today on Financial Revelations David reviews yesterdays Federal Reserve meeting and discusses "what was" and "what is". What Was: 1 to 2 more rate hikes Higher for longer, not there yet We need to fight inflation What Is: Stopping rate hikes Cuts next year Why make changes now? They see something we don't   We will be back January 2024 so t...