The Dividend Cafe

David L. Bahnsen joined by Scott Gamm to discuss the market happenings of the day. Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

I think there is some “economic vocabulary” in today’s Dividend Cafe that might – might! – be a turn-off to some, but will be overcome easily if you bear with it. And more importantly, there is a practical takeaway through it all that I hope you will find very rewarding. I can see myself taking a more “multi-topic” approach to Dividend Cafe in the weeks ahead as opposed to the last several that ha...

I do some fun things today in the Dividend Cafe. We dive deep into the dilemma facing income investors, those who want and need cash flow from their portfolio. It is a conversation that can (and does) go in a number of different directions. I hope you find it riveting. And we talk a bit about bubbles, about history, about market fads and market risk … And of course, we look at the present economy...

Your hosts David L. Bahnsen and Scott Gamm tackle the important finance and economic news of the day. Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Last week, I wrote about investors’ reality (especially professional investors) being a by-product of the era in which they came to be. The intent was to set the table for how much of my investment worldview was formed. I live with a deep fear of excess valuations, and I live with a deep cynicism of the madness of crowds. Both of these things come from years and years of abundant research. But at...

It is appropriate and perhaps entirely ironic that the subject of this week’s Dividend Cafe comes in a week where we have seen some of the most bizarre, insane, and silly market activity, ever, and that this bizarre, insane, and silly activity is accompanied by totally incoherent commentary from various pundits, politicians, and “pros.” Whoever said investing was all math and science is an idiot....

Strong discussion on the market happenings shaping the lives of investors with David Bahnsen, Managing Director and CIO of The Bahnsen Group and Scott Gamm of Strategy Voice and Associates Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

In this episode, the point I am making is more than just “politics is overrated in evaluating market conditions” (even though that is very true). I not only believe this subject of Inflation vs. Deflation is more important than anything else in understanding the 3-year, 5-year, and 10-year state of financial markets, I also believe it is a welcome reprieve from what is just overdone, over-covered,...

The Crux of the Matter If you believed that interest rates were going to be 0-2% would you invest capital differently than if you believed they would be 5-7%? If you believed that inflation would run 1-3%, would you invest differently than if you believed it would run 4-6%? Does one’s view on interest rates and forward-inflation impact their expectations for P/E ratios (market valuations)? If cred...

Where to begin, indeed. It may have been exactly the kind of week investors wanted to start off 2021, but it certainly wasn’t the kind of week anyone wanted to start off 2021 from the vantage point of our country, her peace, her well-being, and her example to the world. The concept of a city on a hill is not working well, and this patriot feels total exasperation and desperation. But I do know the...

In-depth discussion of the Year Ahead, predictions made last year, and the impact of the Senate race. Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Our very special annual white paper is here, wherein we exhaustively recap 2020 and the year that just was (yes, even beyond the obvious stuff), and provide our key themes and perspectives for the year ahead. Reach out with any questions, and feel free to share/forward as you wish! Contact us at www.thebahnsengroup.com for your copy. Links mentioned in this episode: DividendCafe.com TheBahnsenGrou...

Last Friday, December 11, marked year number 25 since December 11, 1995, when my father passed away. His name was Greg Bahnsen, he was 47 years old (the age I will be next year), and he was my hero and my best friend. I have to imagine many of you have experienced things (including losses) that do not feel like they were as long ago as they actually were. I know those cliches are tired, but it jus...

National Call with David L. Bahnsen and Scott Gamm Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

• Over the last 42 days, the market is up very close to 4,000 points • Over the last 42 days, Joe Biden has won the Presidency • Over the last 42 days, reported COVID cases have grown • Over the last 42 days, weekly jobless claims have picked back up • And once again, over the last 42 days, the market is up very close to 4,000 points Now, I could write you a Dividend Cafe today reiterating a coupl...

Early December is a tough time of year for my writing inspiration. I have soooooo much I want to say about 2020, but we really aren’t done yet, and this year as much as any other, affirms the reality that a lot can happen in a few days, let alone a few weeks. I also have a lot I want to say about 2021, but my “forecast” and “positioning” perspectives for the year ahead are also better served later...

David L. Bahnsen with Scott Gamm - Market Outlook National Video Call Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

I have to say there's nothing more important than the basic conversation of optimism vs. pessimism. Not only is the topic of extreme importance to me personally, existentially, emotionally, and spiritually, but I was convinced then, as I am now, that there is lasting investment significance to the topic – one that matters to the financial results of real people with real goals and real objectives....

Bahnsen Group, CIO and Founder David L. Bahnsen has a lively discussion of the markets and the economy with Scott Gamm from Strategy Associates. Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

I wrote this week’s Dividend Cafe on Thursday morning, something I haven’t done for a Friday publication in a long time. For virtually all of 2020 there was a huge focus on making the distributed commentary as “current” as possible before submitting. Markets were moving so quickly that if the focus of the commentary was on what was happening in the markets, any delay between submission and distrib...

November 3 has come and gone, and while the results may not yet be fully etched in stone, we have a pretty good feel for where things are headed. I suspect there are two camps of you who read the Dividend Cafe, and I do not refer to partisan leanings. What I mean is that I imagine many are excited to not hear about the election any longer, and then there are many who want to wrap their arms around...

Post Election Perspective on Markets with David L. Bahnsen and Scott Gamm Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

I thought it appropriate to devote this weekend’s Dividend Cafe to the election, now that this long-awaited event is almost here. I thought about calling it an “Election Eve” edition, but considering 82,042,050 people have voted as of press time pre-market on Friday, which is about 64% of the total number of people who voted in all of 2016, it hardly feels like “election day” is “election day” … H...

There are a couple things going on right now at The Bahnsen Group that make this a very fun time of year, and a very fun edition of the Dividend Cafe. I wrote last week about the annual money manager due diligence trip I have done since 2006 and how important it is to our business (and to our clients). The meetings of the last couple weeks, this year, coincide with the launch of our “Operation Mag...

We look at the state of the markets with the election a couple weeks away, what we mean by “post-COVID” market realities, and spend time reviewing some of the major takeaways of our recent meetings with New York City portfolio managers. Links mentioned in this episode: DividendCafe.com TheDCToday.com TheBahnsenGroup.com