Wealthy Behavior

Both stock and bond markets rallied in November, helping the typical 60/40 balanced investors experience the best month of performance since 1991. Markets surged based on growing confidence that the Fed is done raising rates and the number of potential future cuts is increasing. But the Fed is taking a more hawkish tone. What are the chances the November rally can continue? In addition to digging...

Special guest, Bob Pisani , CNBC Senior Markets Correspondent, joins Sammy Azzouz, Heritage Financial’s President and CEO, to discuss his new book, " Shut Up & Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange ". In this episode Bob shares the history of the modern market and financial journalism and summarizes some of the most valuable life and investme...

Sammy and Bob have been busy traveling to several industry conferences this fall. In this episode of Wealthy Behavior, Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse, continue last month’s discussion sharing takeaways from conferences and conversations with industry leaders. While some concerns from recent months have subsided, others remain. Inflation, Treasury yields, and the risk of...

Special guest, Sam Ro, financial writer and the founder and editor of the finance newsletter TKer.co , joins Heritage Financial President & CEO, Sammy Azzouz, on this episode of Wealthy Behavior. Sam is a self-described optimist in the long-term and cautious optimist in the short-term. He helps investors who are aiming to build wealth over time. Through Sam’s curated news, data, and insights h...

The yield curve is quickly changing shape from inverted to flat as the 10-year Treasury yield rose to a 15-year high. Bonds have a reputation for being boring, so the recent move is notable and led markets to struggle in September. Concerns over stubborn inflation, the elevated price of oil, and supply and demand in the bond market remain. In this episode of Wealthy Behavior, Heritage Financial CE...

Mortgage-backed securities are the most interesting they have been in 10 years, according to special guest Ken Shinoda, Portfolio Manager at DoubleLine Capital and head of their mortgage-backed securities team. In this episode Ken and Wealthy Behavior host and Heritage Financial President & CEO, Sammy Azzouz, have an in-depth conversation about the current bond market, mortgage-backed securiti...

Despite ample reasons to be concerned and alarming headlines, the markets have remained resilient. In this episode Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse discuss: -      Year-to-date market results and expectations -      What investors should look for when bond yields creep higher -      The latest economic data released on the labor and real estate markets -      What Bob and...

Special guest, Gabriela Santos, Global Market Strategist on the J.P. Morgan Asset Management Global Market Insights Strategy team joins to discuss investing in Chinese markets and takes us through what’s been happening with the Chinese economy and markets from pre-covid through today. How should investors think about investing in China? The difference between A shares, H shares and ADRs Areas of f...

Despite many worries - bank failures, record high inflation, debt ceiling debates, recession watch…markets are having a very strong year. What lessons should investors take away from this year so far? We also discuss the U.S. credit rating downgrade, the difference in performance between value and growth stocks, and what caught our eye in July: Oil prices jumped Record global oil consumption Housi...

Special guest Michael Santoli, Senior Markets Commentator at CNBC, joins Sammy Azzouz, Heritage Financial’s President and CEO, for a detailed investing conversation, including what he sees in this market, the recession watch, reasons for optimism, and how individual investors can best use market information disseminated by news sources such as CNBC. Michael Santoli has covered the Wall Street beat...

Listen in to July's market update as Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse, discuss the latest on the markets and investment universe: The future of rate hikes and the disconnect between the Fed’s view and market’s view Our views on the recent boom of AI focused companies Based on one common definition we are in a bull market. Are we? The opportunity we see overseas And finally...

Taxes – You can’t avoid them, but you can plan ahead so you have fewer surprises. Ed Jastrem, Chief Planning Officer at Heritage Financial, joins with insight to help you make the most of your tax planning strategies. Reviewing a tax return is the first step, and one of the most valuable steps, to creating a detailed financial plan. It serves as a baseline for more advanced financial planning beca...

Our monthly market update covers what’s going on in the investment universe and markets right now. In this episode Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse discuss: The Fed watch - Signals and thoughts on their next move Greater imbalance in the labor force with the most recent job opening figures surpassing expectations The market’s reaction to the House’s debt ceiling vote Chipm...

Maybe these aren’t “new” rules for debt management but given the past decade of record low interest rates we haven’t talked about them in a while. Debt is an often misunderstood and misused source of capital. Some people avoid it, some overuse it, but believe it or not, there are productive ways to use debt to help increase your wealth. With the cost of borrowing changing drastically in less than...

The economy remains strong, inflation numbers are coming down, and the jobs market remains healthy. The markets are handling things well, so far, this year. In this episode Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse discuss: How long can these rate hikes hang on? The Fed and markets have different views. What’s the cumulative and lag effect of rate hikes? The banking crisis: Should...

In 2001, Vanguard, a company that is known for do-it-yourself, low-cost index investing, published a study on the value that an advisor can add to an investment experience. Over the years Vanguard Advisor’s Alpha study has been updated a few times, yet the conclusion remains the same - working with an advisor can add about 3% in net investment returns. In this episode of Wealthy Behavior, we are j...

In this month's market update host and Heritage Financial CEO, Sammy Azzouz, and Heritage Financial CIO, Bob Weisse, discuss what’s going on across the investment universe today, including: An overview of the Silicon Valley Bank and Credit Suisse failures, the impact on the banking sector and the broader markets. The silver lining of a banking crisis. Where investors should put their cash. What a...

Gregory Zuckerman is a Special Writer at The Wall Street Journal, a 26-year veteran of the paper and a three-time winner of the Gerald Loeb award - the highest honor in business journalism. Greg is the author of multiple books including The Man Who Solved the Market: How Jim Simons Launched a Quant Revolution , a New York Times and Wall Street Journal bestseller. In this episode, Sammy and Greg di...

Our monthly market update covers what’s going on in the investment universe and markets right now. In this episode Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse discuss: Reasons behind February’s market swoon. Bob’s investment outlook – What he’s optimistic, and pessimistic, about today. What causes inflation? Debt? Money supply? They debate different theories on inflation and how to g...

Host Sammy Azzouz talks with special guest Chris Miller, author of the book Chip War: The Fight for the World’s Most Critical Technology. Computing power has been a key transformative force over the past 50 years and the world has become dependent on microchip technology. Microchips are used in nearly all of today’s electronics - appliances, phones, wearable technology, cars, aircraft, and missile...

The markets kicked off 2023 on a positive note across both equity and fixed income. In particular, January proved to be quite a reversal for fixed income markets given that 2022 was the worst year ever for bonds. In this episode Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse catch you up on a record number of topics including: Did the market bottom out in October? Is the market getting...

Health and wealth go hand-in-hand. You may have accumulated wealth, but without health you can’t achieve the goals and dreams you’ve worked and saved so hard for. At Heritage Financial we know that feeling confused and overwhelmed about investments and finances often leads to inaction which can impair your financial future. Your health is no different. On this episode of Wealthy Behavior, we welco...

In this month’s market update host and Heritage Financial CEO, Sammy Azzouz, and CIO, Bob Weisse, provide a quick recap of the record-breaking challenging year investors experienced in 2022 and discuss our market expectations for 2023.  We believe the drivers of markets in 2023 will be inflation, fed policy, and earnings. While the beginning of the year may be choppy with continued volatility and...

According to a well-known study by Brinson et al, asset allocation is responsible for over 90% of a portfolio’s return. With the success of your financial future on the line, how do you determine what asset allocation is right for you? In this episode of Wealthy Behavior Michael Waldron, Heritage Financial’s Director of Portfolio Management, discusses the important role that capital market assumpt...

In this month’s market update host and Heritage Financial President, Sammy Azzouz, and Heritage Financial’s CIO, Bob Weisse, discuss what’s going on across the investment universe today, including:   November’s FTX implosion and the unintended consequences to investors that haven’t invested in crypto Protests in China over the country’s COVID shut down Ideas to get venture capital like market retu...