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Tape Talk | Investing, Business, Wealth, and Your Money

Updated 1 day ago

Business
Education
Investing
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Take control of your money so you can take control of your life!

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Take control of your money so you can take control of your life!

iTunes Ratings

32 Ratings
Average Ratings
28
2
0
1
1

Great

By daverobbins51 - Apr 25 2019
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Great podcast on inverted yield curve Daniel does such a great job. D.R

great show

By UK Fan 5665 - Jan 30 2016
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excellent show! a must listen

iTunes Ratings

32 Ratings
Average Ratings
28
2
0
1
1

Great

By daverobbins51 - Apr 25 2019
Read more
Great podcast on inverted yield curve Daniel does such a great job. D.R

great show

By UK Fan 5665 - Jan 30 2016
Read more
excellent show! a must listen
Cover image of Tape Talk | Investing, Business, Wealth, and Your Money

Tape Talk | Investing, Business, Wealth, and Your Money

Latest release on Jan 18, 2020

Read more

Take control of your money so you can take control of your life!

Rank #1: The Buffett Bounce

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On this week's episode of Tape Talk we catch up with the latest moves across the market. Find out why Buffett made Apple pop, what's going on in oil, and whether Gold is losing its shine. 

Buffett talks, Apple pops.

Warren Buffett talked about Berkshire Hathaway's accumulation of additional shares in Apple (AAPL) during the first quarter prior to this week's annual shareholder meeting. The news and exuberance from the "Oracle of Omaha" sent the company's shares to new highs help drive the S&P and other indices higher for the week. Quint Tatro, Joule's CIO, talked with CNBC earlier in the week to discuss how investors may need only watch Apple for clues of where this market goes next. 

Gold, still glittering?

Gold has been quiet of late but that may not be the case forever. We'll talk about the bullish cash for this precious metal as inflation comes down the pipe. We'll also examine the technical set-up and how we've been looking to capitalize on this investor favorite inflation hedge in our clients' portfolios.

Oil, rally or head fake?

Oil saw its share of volatility this week as investors prepared for and digested news of the United States' intention to pull out of the Iran Nuclear Deal and the potential for increased middle east tensions. We'll look at whether this is a start of a new trend in this economically important energy sector or if investors need to dip their toe in cautiously. 

Interest becomes, interesting!

It's difficult to remember the last time we got excited about bonds and interest on this show. The fact of the matter is that interest rates have been anything but interesting recently. However, with the Fed's latest moves, inflation ticking higher, and China selling down treasuries is it time for an opportunity in this market?

May 12 2018

38mins

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Rank #2: Following the Professionals

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On this week's episode of Tape Talk, Quint and Daniel discuss an edge that "professional" or large investors have in investing markets as well as some ways the individual investor might benefit.

Headlines

One of the major stories making headlines this week was Warren Buffett’s backing of Occidental Petroleum in its attempt to acquire Anadarko Petroleum after the company announced plans to be acquired by rival Chevron. An article by Bloomberg illustrates the benefits a large and well-connected investor such as Warren Buffett has in ensuring that potential opportunities literally come calling.

Big Investor's Moves Aren't Secret

Even though large investors get the first mover advantage in many circumstances, their moves and investments are hardly shrouded in secrecy. In fact, as Quint and Daniel discuss, many of these investment managers are obligated to report their investments and changes on a quarterly basis. While this data is delayed, it does give investors insight into what some of the large money managers on Wall Street are putting their money behind.

Look For Opportunity, Carefully

While investors can get a peek into what money managers are doing, investors would be wise to develop their own thesis rather than blindly following. The reason is simple, reading a buy and sell report hardly tells you the whole thesis and strategy a money manager may be following. However, as Quint points out, there are times when you may be able to assess an investment made by a money manager and ultimately enter that position at a better price or value than the large manager. Patience and a watchful eye are critical in these circumstances!

May 04 2019

37mins

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Rank #3: What is Bitcoin?

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On this week's episode of Tape Talk we're talking all things Bitcoin. What is a bitcoin? Why are people so excited about cryptocurrency? What implications does it have for the future? We'll dive into all this and more with special guest Shane Hadden.

Shane Hadden is a lecturer at the University of Kentucky and the founder of GlobalCurrencyReport.com a fantastic resource for breaking down the world of cryptocurrency and staying up to date on recent developments. Quint and Daniel ask Shane to explain this new technology and currency in the most basic way possible so listeners (and they) can finally understand this interesting new world.

Dec 16 2017

44mins

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Rank #4: Agriculture & Trade Wars

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In this week's episode of Tape Talk, Quint and Daniel review what's going on with the trade wars which have slipped out of recent headlines.

Quiet Headlines

While the headlines have been somewhat quiet this week that doesn't mean there is nothing going on in the market. We've seen earnings from some big bellwether which investors will use to assess the fallout from the recent trade wars and any potential economic slowdown.

In The Trenches

Quint and Daniel talk to Quint Pottinger of Affinity Farms to discuss how the trade war, as well as China's purchase of agricultural goods, is playing out in the trenches. You might be surprised to hear that the headlines are not all smoke and mirrors as farmers are actually seeing increased prices with China returning to US markets for products.

Earnings In Focus

Quint discusses three key companies that he's watching here for an indication of the health of the economy going forward. Unlike the popular FAANG stocks which encompass a technology-heavy lean these three stocks represent areas of the market that may give helpful clues about the broader economy overall.

Oct 28 2019

38mins

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Rank #5: Year End Moves

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On this week's episode of Tape Talk, Quint and Daniel discuss some financial moves to consider as the clock winds down on 2019.

Headlines

Before getting into the meat and potatoes, Quint and Daniel review the latest headlines in the trade war with China. Then, they question whether the new developments even matter any more? Headlines that might have moved the market in the past now barely cause the market to blink as traders settle into headlines exhaustion over the back-and-forth trade war stories.

End of Year Planning

One of the most critical pieces of your end of the year task list is ensuring you've updated your financial plan, assuming you have one. Quint breaks down the importance of a financial plan for investors to use as a roadmap as well as what you might be missing out if you have yet to do one.

Tax Moves for 2019

If you want to save money on your taxes for 2019 the time is starting to run out. Quint and Daniel discuss two important strategies investors might utilize to save a few extra dollars. First, consider tax-loss harvesting if you happen to have investments that are trading under your purchase price. These can work to reduce your tax burden or allow you to trim some profitable positions with little tax impact. Second, consider using qualified charitable distributions for your RMD to reap some potentially significant tax benefits if you are already charitably minded anyhow.

Nov 04 2019

38mins

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Rank #6: Shutdown Standoff

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On this week's show, we examine the news surrounding the government shut down and what it means for investors as well as their portfolios.

As both sides of the aisle in Congress continue to stare each other down investors may wonder what they should be doing here. We'll take a look at what we're doing as a firm and give you a peek under the hood of investment management. 

Taking Gains

What does it mean to take some gains in the market here? Find out why we're rotating out of some profitable investments and raising a little cash in our equity allocation. 

Two Concerns

When looking at the market here there are two things that stand-out. First, the complacency taking over investors as the market continues its march higher. The second, is the lack of a reasonable and healthy correction in over a year. Combine these two concerns and you have the potential for investors to be shocked the next time a healthy rotation or correction bubbles up. 

Flexibility Is Key

In investing as in sports flexibility and being nimble are key. There are times when your strategy needs to adjust and respond to the realities as they present themselves. Unless you're a completely passive investor, who is willing to accept the natural cycles inherent in investing in the markets, there will be times when it's appropriate to raise some cash with a goal of investing it in new opportunities as they present themselves. Being flexible is key, few investments are standouts forever and a willingness to be nimble may just help you see a potential new investment with much greater clarity. 

What to do here?

So what should individual investors be doing here as the market complacently marches higher while Washington displays a lack of willingness to cross things off their task list? Here are three key things you may consider adding to your "to do" list:

  1. Get your financial life in order. Pay-off the debt you've been thinking about getting rid off. Stop putting off completing your financial plan. Understand your required rate of return and what that means to you and your investments.
  2. Check your allocation. Stocks have had a great run lately. But, that might mean your portfolio is much more exposed to stocks than you mean to be. Unless you're in a plan that rebalances automatically, it may be time to review your portfolio and make sure your allocation matches your goals and temperament.
  3. Think about reducing market exposure if prudent. If you're following a strategic approach it may be time to review your cash levels and think about raising more for future opportunities.  

Jan 24 2018

39mins

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Rank #7: Inflation Bubbles Up

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On this week's episode of Tape Talk we explore the state of inflation in today's economy. After years of fairly low inflation, the Fed has started raising interest rates to try and mitigate the potential for too much inflation and to stay ahead of it in the future. We consider this week what inflation is, how the Fed's interest rate hikes might affect it, and how inflation affects an investor's financial plan.

Inflation Explained

Simply put, inflation is the increase in prices over a period of time, typically measured year-over-year. Generally, a bit of inflation can be a good force in the economy, but too much (or too little) can be a recipe for disaster. This is why the Federal Reserve seeks to promote a healthy level of inflation in the economy. We take some time to break down how inflation manifests itself in everyday life and the signs investors can look for to determine where it currently stands and where it might be headed in the future.

Rising Rates and Inflation

Typically, the Federal Reserve raises interest rates in an effort to control or curb inflation. By effectively reducing the amount of cash available in the financial system they attempt to decrease demand and keep prices stable. However, the economy is a fairly dynamic environment and simple logic doesn't always work in life as it does on paper. We'll take some time to ponder if, contrary to popular belief, interest rate hikes might actually spur inflation prior to curbing it. Could it be that the Fed's favored tool to combat this elusive force of economics actually helps spark it?

Inflation and You

As prices rise so often do wages which helps mitigate the effect of inflation on consumers' pocketbooks. However, what if you're affected by only a part of that equation? For many retirees or those approaching retirement, higher than expected inflation could be a serious detriment to retirement expectations. Find out how you can incorporate inflation considerations into your financial and retirement plan. When you do so, you may just find that a small change can have big impacts!

Jan 16 2018

38mins

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Rank #8: Risk-based Investing

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On this episode of Tape Talk, we talk through the ins and outs of risk-based investing. Plus, the Kentucky pension reform bill has been released, is there anything unexpected in the details?

The Kentucky Pension Bill

There's been a lot of discussion in the news and on social media about the recently released bill to reform the Kentucky pension system and keep it solvent. We'll take a look at some of the key facts and what they mean to you. Are new teachers getting a raw deal with the new 9% mandatory contribution? Is the retiree health care contribution a bait-and-switch? Who gets affected the most by the new retirement payout calculations? 

Risk-based Investing

While the market appears priced to perfection here from both an earnings and economic standpoint, there are many who still put forward the virtues of completely passive index-based investing. What if there was an alternative that took into account the risks present in any particular investment, index, sector, or stock at a point in time? What if investors weren't completely passive but made their investment decisions based on a calculated potential for loss versus the potential for gain. That's precisely what risk-based investing aims to do. We'll break down how risk-based investing works practically and some ways it might be useful in a portfolio. 

Nov 13 2017

38mins

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Rank #9: Welcome to 2019!

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With the calendar changing over to a new year just under two weeks ago, the stock market has been the investor's friend. Quint and Daniel start off the year in this week's episode by examining where we've come from, where the market has been lately, and what the might mean for investors this year.

2018 In Review

Volatility showed up with a force throughout 2018 resulting in a wide-ranging market that looked distinctly opposite of 2017's action. Ending the year near lows for the year left many investors feeling ready to turn the calendar.

January Effect

As the calendar turned, the new year and new mentality had its typical effect on the markets. Investors found a reason to be buyers once again and a healthy bounced has transpired for much of the last two weeks.

Bear Market Over?

Many of the commentaries regarding this market are breathing a big sigh of relief. With the rally picking up steam it seems like all the trouble might be behind us. However, we look deeper this week and dissect whether this is more a mental change than anything else. Further, we look at what the trend is right now.

What To Do Now

Before we wrap this week's episode we consider investors across the investment life stage to see what might be important for each at this juncture in the market.

Jan 12 2019

38mins

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Rank #10: Earnings in Focus

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On this week's episode of Tape Talk, Quint and Daniel look at some of the current earnings reports coming out of companies this quarter and what it means for the markets now.

Slow Down Fears

One of the recurring themes from some recent earnings reports is of the economic slowdowns overseas as well as here at home. Companies seem to be finding that demand growth that had been growing steadily is poised to take a breather here in the near term. This can be seen in some of the recent forecast revisions as well as earning misses coming out of key companies in various sectors. While this doesn't necessarily mean a recession is imminent it might mean that stocks will need to continue to reprice to account for updated earnings expectations.

The Power of a Plan

Planning helps navigate choppy waters and this time is no different. If you've prepared your retirement and investment plan then you likely know your required rate of return and can sleep better knowing that following the plan is your focus, not timing the market. However, if you don't have a plan and you don't know why you own what you own, it may be time to rethink your approach and talk with an advisor.

Find out more about our financial planning process HERE

Feb 02 2019

38mins

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Rank #11: Is Retirement Dead?

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On this week's episode of Tape Talk we consider the question "Is Retirement Dead?" With the changing landscape of retirement today due to saving shortfalls, diminishing pensions, and increased life expectancies, is retirement still the picturesque dream it used to be?

Is Retirement Dead?

The Washington Post recently ran an article painting a bleak picture of the state of retirement in America. One of the stunning facts from the article is the idea that many people are now putting off retiring until later in life. Also, Social Security is buying much less than it did for retirees a decade ago. Given these facts and the reality that many Americans have saved less than they need in their retirement accounts we are forced to asked the question, "Is Retirement Dead?" 

What Is Retirement Anyway?

Retirement as we know it is a relatively new concept. To start, we looked at in our episode on pensions the fact that the modern pension system in America is only about 100 years old. Plus, when first created, the purpose was not to provide retirees with a 20-30 year retirement but to allow workers who lived past their life expectancy an opportunity to not try and maintain the same work-level they had done previously. Eventually, as life expectancies grew and retirement savings evolved we arrived at our modern landscape where people attempt to work for 30-40 years with hopes of a 20-30 year retirement. The problem with this is the math doesn't always work. Pension systems have caught on to this and have started shifting the need to save, and the risks that go along with that savings, back to the employee. This means we may need to alter our expectations for retirement today.

What to Expect From Retirement.

You'll get out of it what you put into it.

Your savings rate and your discipline at all stages of your saving and retirement journey are going to affect your outcome. This is because, once your retirement finally comes, you can't use what you haven't saved or what you've tapped before retirement. What's going to be there will only be there because you put it there.

Your goals are only as good as your realities.

The vision you have for retirement is going to affect your required savings and your required rate of return. If you have ambitious ideas for retirement it's important that the amount you are saving is equally ambitious. Remember, a goal without a plan is simply a wish.

Retirement may be more of a journey than a destination.

There was a time when retirement meant you simply stopped working. Now, however, you may transition towards retirement in multiple steps over the course of years. Your retirement plan should look at options, as needed, for how you might move from full-time to part-time to on-demand work before you fully retire from working for good.

How A Plan Comes Together.

One of the most important aspects of what we help clients with as a wealth management firm is their LIFE Plan. It's through this financial planning journey that we assist clients in examining their goals and dreams while comparing it to the resources they have available to meet those desires. Through this process, we assist clients in finding their required rate of return before implementing their plan and aiming to keep them on track throughout their financial journey. We wrap up this week's show with a look at what that process is like and what goes into crafting each individual's plan.

Want to get started on your own LIFE Plan? Downloading and completing our LIFE Plan Questionnaire is the first step in the journey. Once you've completed and submitted it, our team can begin working with you to craft your own personal plan.

Nov 18 2017

38mins

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Rank #12: Yield Curve Inversion

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On this week's episode of Tape Talk, Quint and Daniel discuss the recent yield curve inversion and what that means to the market. 

Inverted What?!?

The headlines and watercooler talk this week is all about the recent inverted yield curve across the 2-year and 10-year Treasuries.  However, all the fantastic headlines tend to leave out why this matters to investors and what it really means. Quint and Daniel spend some time explaining the yield curve and why there is so much focus on inversion here. 

Main Street Interest Rates

It's all fine and good to know what's going on in Treasury yields but how is this trickling down into real-life economics of consumers who are affected by interest rates daily. What might be surprising to some is the vast divergence in the effect of the recent Treasury rate retreat on actual consumer rates. While mortgages are down some, many other rates have held steady or even rose!

Recession on the Horizon?

So if the yield curve is a recession indicator, does that mean we're on a direct road to this adverse economic event? Quint reviews what else is going on in the economy here to question whether we really need to be concerned at this point.

Your Required Rate of Return, It's the Foundation!

The one thing that is certain is markets will move both up and down. Sometimes they'll move calmly and other times more violently. Through these ups and downs, it's critical for investors to know precisely what they need from the market to achieve their goals. Understanding their required rate of return gives investors a metric by which to judge whether volatility is having a real-world impact on their current goals or is simply static to ignore. 

Aug 17 2019

38mins

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Rank #13: Managing Risk

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In this week's episode of Tape Talk, Quint and Daniel discuss the different ways investors should think about and view risk in their financial plan.

Headlines

This week's headline focus is back to China and trade. News broke during the week that China might be willing to make a deal, sort of. The problem with this news is that it's quite ambiguous. The market, however, didn't care and chose to rally on the potential for tensions to ease.

Tolerance is Key

Your risk tolerance is an important aspect of your financial plan. Your level of tolerance is dictated by what your portfolio can stand while still achieving the financial goals you set out.

Temperament is Important Too

Looking at your risk tolerance alone is dangerous though as it's also important to understand your temperament for risk. It's this metric that is better known as your "sleeping comfort" or what level of volatility you can handle and still sleep well at night. After all, it doesn't matter if your portfolio can handle the ups and downs in the market if your stomach cannot!!

Oct 14 2019

36mins

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Rank #14: Stocks Continue Higher

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In this week's episode of Tape Talk, Quint and Daniel discuss some of the headlines circling as the S&P 500 continues its march higher.

Repo Intervention

The Federal Reserve continues to prop up the repurchase agreement market ("repo" for short) after rates suddenly spiked higher last month in this rarely discussed corner of the market. The Fed has committed to smoothing some of the volatility in this area of the market to keep overnight lending orderly and reduce the chances off any fallout that lack of liquidity there may provide. 

Trade & Hong Kong

Any developing news on the trade war between the US and China seems to be far overshadowed lately by the tensions ongoing between Hong Kong protestors and authorities. As the tensions in Hong Kong continue to escalate many investors are keeping a watchful eye on what this could mean for China's need to use its military in an attempt to end the protests. If this happens, many will be left to wonder about the future autonomy of Hong Kong overall. 

Small Caps Lag

During the recent market moves, small-cap stocks have lagged their larger stock counterparts. In fact, while the S&P 500, NASDAQ, and Dow Jones have throttled higher, the Russell 2000 small-cap index is noticeably still well under its 2018 high. Quint and Daniel review a few of the reasons these indices have taken different paths of the past few months and what that could mean to investors going forward. 

Nov 18 2019

38mins

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Rank #15: Early Retirement Roadmap

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On this week's episode of Tape Talk, Quint and Daniel breakdown some of the headwinds to early retirement as well as tips to navigate the journey strategically. 

Headlines

Before we get into the meat and potatoes of this week's show topic it's time to take a look at some of the headlines moving the markets this week. The trade war with China seems to have come to a screeching halt, does this mean the trade war trades will start to reverse? The North Korea Summit gets canceled, the market barely blinks, were these proposed peace talks more show than substance? The Fed casts a dovish tone sending interest rates lower, should investors be more concerned about higher interest rates or higher inflation coming down the pike from the Fed? 

What Is Early Retirement?

When it comes to retirement there are a lot of numbers thrown around. You can't tap into your IRAs "without penalty" until 59 1/2. You can't take social security until 62. Medicare starts at 65. Your RMD and maximum social security begin at 70. All of these numbers beg the question, when does retirement actually start? Well, for some people who've saved prudently and wish to retire earlier that number may be a bit lower. 

Healthcare On Your Own

When you decide to retire before you're eligible for Medicare, you'll need to have a plan for keeping yourself healthy for retirement. Unfortunately, gone are the days when most companies paid for a pension and healthcare when their employees retire. Today, you may just need to figure out healthcare on your own. Luckily, whether you like it or not, the health insurance exchange is a very viable option for early retirees. Add in fact with some prudent tax planning you might save significantly on your premiums making you want to start retirement sooner than you expected!

Social Security, Can You Live Without It?

One of the largest components of most retirees' income is their social security check. This amount significantly reduces what's needed to withdraw from investments or other sources. However, for those that retire early social security may still be a long way off. Furthermore, all those years of no income between when you think you should retire and when the social security office considers "normal" may penalize your future earnings. Still, with proper planning, you may just be able to navigate this retirement curveball safely.

Retirement Account Withdraws

Most investors are aware that withdrawing from an IRA, 401k, or another retirement plan prior to 59 1/2 comes with a steep penalty. However, we rarely talk to people who are aware of some of the ways around this. We take a look at the "Rule of 55" and Rule 72(t) to examine how both of these exceptions may make your early retirement much more comfortable. One disclaimer though, especially with Rule 72(t), you will need to ensure you have a good tax professional on your side as mistakes in this area can be disastrous for your plan!

It All Starts With A Plan

Regardless of when you retire, you need to have a plan for the journey ahead. Comprehensive financial and retirement planning gives you the opportunity to examine your entire financial roadmap for the journey ahead so you can make the most of opportunities and prepare for some of the roadblocks. You can learn more about our financial planning services HERE or Contact Us for more information on what the process entails. 

May 26 2018

38mins

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Rank #16: Interview with Archaeologist Mindy Wetzel

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At 21, Mindy Wetzel was miserable and bored as a chemist within a cement company. Just a few years later she found herself on an archaeological expedition in Egypt unearthing a 3,000-year-old cemetery. In this unique and fascinating Tape Talk, Quint takes a break from the norm and discusses the fascinating career path of a modern-day Indiana Jones.

Jul 20 2019

37mins

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Rank #17: Pensions, Market Rotation, and Crashes

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On this episode of Tape Talk, we're talking the Kentucky Teachers' Retirement System pension changes, the rotation happening in the market, whether or not the next great crash is imminent, and why you might not want to ride the market's every up and down the same.

KTRS Changes Are Coming

Governor Matt Bevin released a bullet point proposal of changes to shore up Kentucky's struggling pension system. We take a look at the teachers' pension specifically and analyze some of the key changes that might happen there. Are all the changes bad? Not necessarily. Take a listen to find out why some teachers will be no worse off. And, for an in-depth review of the changes and their impact on retirees check out our latest pension update HERE.

Market Rotation

The stock market is made up of numerous sectors and thousands of stocks. This means what you see happening on the surface may not be a full picture of what's happening underneath. While the waters have been calm across the indices of late there have been some key movements across sectors and individual names. Find out what this might mean as investors look to whether the market rally will continue through the holiday season.

Pullbacks versus Crashes

Many investors are starting to get skeptical of the US stock market which has rallied significantly since the 2016 election. It seems as if every week the newspapers and tv stations are announcing a new market high has been reached. However, the question in the back of many investors heads is whether it can keep going. After all, markets don't simply rally forever. If that's the case, should investors be preparing for a 1987 or 1929 style market crash here? Is a pullback from these levels an opportunity or a warning? We talk through some of the difference between pullbacks and crashes as well as what that means for individual investors.

Oct 28 2017

38mins

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Rank #18: Market Consolidation

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On this week's shortened episode of Tape Talk, Quint and Daniel take a look at the recent stock rally through the lens of the past couple months of volatility.

Consolidation Is The Theme

Stocks as a whole are now up significantly for the year, yet they are only back to the levels they started as this past December, prior to the pre-holiday decline. This means two things. First, stocks have entered a very logical area of technical consolidation where gains may slow and buyers and sellers may battle each other for the next trend. Second, the short term moves have been sharp in both directions and some digestion of these moves would be healthy if investors hope for a longer term trend higher from here.

Dividends In Play

Daniel takes a little time to discuss what the dividend growth strategy has been looking at throughout this volatile market to provide growing income for dividend-focused investors. Then, Quint considers how dividends may be a significant piece of investor returns in the near future if this market decides to go sideways for years rather than months.

Mar 09 2019

18mins

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Rank #19: 4 Financial Plan Sabotages

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On this week's episode of Tape Talk, Quint and Daniel look at the ways clients might become their own worst enemy when it comes to their financial plan. Here are four ways we see people sabotaging their plans.

Undisciplined Spending

Coming off some of the highest earning years of your life and likely with the least amount of dependents left in your household, you may have gotten used to spending what you want when you want to. One of the things you'll face in retirement is the paycheck stopping and your spending now relying on a fixed pool of assets. This means that your plan requires some discipline to create a budget, monitor your spending, and stick with the plan.

Unspoken Goals

If you have goals in mind for life and retirement that you're not talking about with your financial planner, that's simply not good! Your financial plan attempts to incorporate the many knowns and unknowns about your current and future financial life. If you have any ambitious goals which require financial resources it is better to talk about these with your financial planner early and revisit often so that your plan aligns with the picture you have in mind for your life.

Funding the Kids' (or Grandkids) Life

Your retirement and financial plan is built around your life. So, while certain circumstances might make it simply unavoidable, it generally is detrimental to your plan's viability to continually support adult kids over time. While this could take the form of education assistance or repayment, debt help, family vacations, and more if you haven't built it into your plan as a goal these line items could add up to your plan not working. Now that you and the kids are all adults with your own financial lives it is important to have as honest of a discussion as possible least your financial decisions now coming back to affect them later when your plan begins to falter.

Not Thinking Through Speed Bumps

No financial plan is a perfect picture of what the future holds! This is why we update plans on a regular basis to incorporate new information and ensure the plan still works. However, there are a lot of variables that a good financial planner and review and assess to see how they might impact your plan. These variables such as the death of a spouse, long-term care, or a wide array of investment returns, can be modeled into your plan to see its impacts.

Apr 06 2019

38mins

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Rank #20: Market Update

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On this week's episode of Tape Talk, Quint reviews what's been happening in the market recently and what may lay ahead.

Market Anomalies

Often times the time to invest in particular companies or sectors is during a time when the waters appear choppy on the surface. Quint looks at Fastenal as an example of this particular strategy while considering whether Capital One Financial may be next on the list. 

Opportunity in a Breach?

Capital One Financial dropped on news that it is navigating a data breach but is it possible that the market is overreacting? Quint continues his discussion on finding value in adverse times by reviewing the company for potential opportunity. 

Fed Flip Flop

The Fed appears to be struggling with how to communicate clearly its intentions to investors. During his most recent press conference after the July FOMC rate decision, the future forecast became murky and the stock market sold off in response. 

Know Thy Risk

With markets entering a more turbulent period than they've been over the past couple months it is again important to understand your risk tolerance and temperament. The time to consider, review, and change your risk level is in the quiet times of the market, not when emotions are running high. 

Aug 05 2019

38mins

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Asleep at the Wheel?

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In this week's episode of Tape Talk, Quint and Daniel discuss the complacent mentality taking hold of investors as the market ticks higher.

Headlines

The impeachment process progressed and Phase one of the US/China Trade war was resolved this week but markets mostly gave both of these events very little fanfare.

Risk Management

As markets continue to drift higher and most asset classes finished 2019 with gains the overarching theme of 2019 may simply be "risk management." While everyone would love to make as much as possible on their investment portfolios, managing risk can be key to both sleeping at night and ensuring you achieve the goals intended for your portfolio.

Risk, Returns, and Temperament

In this season of bullish markets, we are more focused than ever with aligning clients' risk tolerance, risk temperament, and their required rate of return. Understanding how these three interact are critical to the success of any financial plan and will serve well when markets hit rough waters sometime in the future.

Jan 18 2020

38mins

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Planning Ahead

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In this week's shortened episode, Quint and Daniel discuss what goes into a financial plan and why that's important as investors start planning their new year.

Headlines

The headlines this week are all focused on increasing US-Iran tensions which kicked off trading in the new year with some volatility. 

Planning Ahead

After a year of solid gains in the stock market and the new year starting with some headline risk, Quint and Daniel review why the financial plan is key to your investment success. Additionally, it's important to know what goes into making a successful plan as well as why your required rate of return is key. 

Jan 06 2020

19mins

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Wrapping the Decade

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In this episode of Tape Talk, Quint and Daniel discuss the year as it closes out and what investors might look ahead to in the new year.

Investor Psychology

While the US stock indices are on track for a better than 30% finish to the year many investors seem to be filled with a sense of skepticism and an eye towards a coming decline. One of the benefits of this attitude still being present in a good amount of retail investors is that the latest move higher has yet to be fueled by general euphoria which often marks market tops.

Required Rate of Return

As investors look forward to the new year it's an appropriate time to consider and revisit your required rate of return. This number, which is the return you require to meet the goals for your investments, is a critical part of your financial planning and investment allocation process. If you are entering the new year without knowing this number and how it applies to your portfolio it may be time to review your financial plan.

SECURE Act and IRA Changes

Congress recently passed new legislation with significant changes to various tax rules affecting retirement savings. One of the most notable of these changes is the increase of the age for required minimum distributions as well as changes to distribution rules for inherited IRAs.  

Dec 28 2019

38mins

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Investing in Disruption

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In this week's episode of Tape Talk, Quint and Daniel discuss why the recent headlines don't seem to interest markets and how disruption becomes an investable theme.

Impeachment

The impeachment progress this week in the US House of Representatives pretty much made the stock market yawn. What might seem on the surface like it should be market-moving news is simply a non-event at this point. Both sides of the aisle have already put their cards on the table for how they intend to handle the situation going forward. This means unless something significant changes or is revealed in the upcoming proceedings the market will likely continue to ignore the big headlines on the impeachment news.

End of Year Tax Moves

With the holiday season quickly approaching it's time to consider what your tax picture may be shaping up to look like for 2019. In fact, you still have time to make some important moves to save some money when filing next April. A few things worth considering are your required minimum distributions, charitable contributions, and any retirement contributions still to make. A little planning in the next week or two can literally pay-off for you when it comes to this years taxes.

Disruptive Forces

While impeachment may not be a market-disrupting event there are still individual companies that are disrupting or being disrupted in this era of business. Investors may do well to keep a keen eye on any of their individual holdings to ascertain which side of that coin the companies they're invested in happen to lay. Take for instance FedEx and Amazon. With Amazon moving away from utilizing FedEx for its shipping needs the global shipping giant's stock price has struggled.

Dec 23 2019

38mins

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Impeachment, China, and End of Year Markets

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In this week's episode of Tape Talk, Quint and Daniel review some of the recent headlines as well as what investors might need to consider into the end of the year.

Impeachment

The markets yawned at Nancy Pelosi's news conference announcing articles of impeachment. Quint and Daniel discuss how most of the impeachment news now has become political posturing more than it is market moving. Most investors have an idea of how the events should transpire from here and unless there are any surprises the market may just ignore developments from here.

China Trade

Investors are forced to continue wrestling with President Trump's opaque remarks surrounding his intentions and desires for a trade deal in the near future. After recent comments from the President that a deal might not need to be completed until after 2020 elections markets through a temper tantrum in response to the lack of clarity.

End of Year Planning

News aside, there are still things investors can do to make the most of 2019 before the year concludes. Quint and Daniel discuss a few of these items that investors might want to consider before the calendar turns.

Dec 07 2019

38mins

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Interview with Rachel Smith

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As we roll into Thanksgiving Quint sits with Refuge Medical Clinic's executive director Rachel Smith to discuss the organization, their mission, their success and their needs going forward. This in-depth review of a local non-profit celebrating their 10th year and servicing over 5,000 individuals is a great break from the political and economic back and forth.

 
You may learn more about the Refuge Clinic at their website: www.RefugeClinic.org   Enjoy!

Nov 22 2019

39mins

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Stocks Continue Higher

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In this week's episode of Tape Talk, Quint and Daniel discuss some of the headlines circling as the S&P 500 continues its march higher.

Repo Intervention

The Federal Reserve continues to prop up the repurchase agreement market ("repo" for short) after rates suddenly spiked higher last month in this rarely discussed corner of the market. The Fed has committed to smoothing some of the volatility in this area of the market to keep overnight lending orderly and reduce the chances off any fallout that lack of liquidity there may provide. 

Trade & Hong Kong

Any developing news on the trade war between the US and China seems to be far overshadowed lately by the tensions ongoing between Hong Kong protestors and authorities. As the tensions in Hong Kong continue to escalate many investors are keeping a watchful eye on what this could mean for China's need to use its military in an attempt to end the protests. If this happens, many will be left to wonder about the future autonomy of Hong Kong overall. 

Small Caps Lag

During the recent market moves, small-cap stocks have lagged their larger stock counterparts. In fact, while the S&P 500, NASDAQ, and Dow Jones have throttled higher, the Russell 2000 small-cap index is noticeably still well under its 2018 high. Quint and Daniel review a few of the reasons these indices have taken different paths of the past few months and what that could mean to investors going forward. 

Nov 18 2019

38mins

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Planning Ahead

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In this week's episode of Tape Talk, Quint and Daniel discuss some ways to think about planning ahead in your financial life.

Headlines

Hitting the headlines this week is news that China and the US intend to begin rolling back some tariffs as they find some neutral ground in the trade war. However, at this point, the market doesn't seem to be paying attention to these updated trade war headlines. In fact, it may just be that the market overall is becoming deaf to the trade war static until something more tangible comes to pass.

Preparing for the Inevitable

It's been said that nothing in life is certain other than death and taxes. While you are hopefully planning for your taxes annually it seems that death is quite a taboo topic for many. However, whether it is the death of a partner, their incapacitation, or just a change in life circumstances, it's important to plan ahead for what you'll do if something happens to the financial "CFO" in your relationship. Quint and Daniel discuss what they consider and what families might think about to prepare for the inevitable in this area.

Low-Cost Investing

Costs for investors are dropping rapidly and yet Quint and Daniel still often see people who are paying more than they should while rarely realizing it. For this reason, they discuss how to review your investment management fees while also considering the tax ramifications of fund investing some investors tend to overlook. 

Rebalancing

If you are planning your finances for the end of the year it may be time to think about rebalancing. What's your strategy? What are the triggers? What type of tolerance bands are you using? Whether you do it yourself or rely on an advisor, these are some of the questions you should be asking to ensure you are keeping your actual risk inline with your intended risk.

Nov 12 2019

38mins

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Year End Moves

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On this week's episode of Tape Talk, Quint and Daniel discuss some financial moves to consider as the clock winds down on 2019.

Headlines

Before getting into the meat and potatoes, Quint and Daniel review the latest headlines in the trade war with China. Then, they question whether the new developments even matter any more? Headlines that might have moved the market in the past now barely cause the market to blink as traders settle into headlines exhaustion over the back-and-forth trade war stories.

End of Year Planning

One of the most critical pieces of your end of the year task list is ensuring you've updated your financial plan, assuming you have one. Quint breaks down the importance of a financial plan for investors to use as a roadmap as well as what you might be missing out if you have yet to do one.

Tax Moves for 2019

If you want to save money on your taxes for 2019 the time is starting to run out. Quint and Daniel discuss two important strategies investors might utilize to save a few extra dollars. First, consider tax-loss harvesting if you happen to have investments that are trading under your purchase price. These can work to reduce your tax burden or allow you to trim some profitable positions with little tax impact. Second, consider using qualified charitable distributions for your RMD to reap some potentially significant tax benefits if you are already charitably minded anyhow.

Nov 04 2019

38mins

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Agriculture & Trade Wars

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In this week's episode of Tape Talk, Quint and Daniel review what's going on with the trade wars which have slipped out of recent headlines.

Quiet Headlines

While the headlines have been somewhat quiet this week that doesn't mean there is nothing going on in the market. We've seen earnings from some big bellwether which investors will use to assess the fallout from the recent trade wars and any potential economic slowdown.

In The Trenches

Quint and Daniel talk to Quint Pottinger of Affinity Farms to discuss how the trade war, as well as China's purchase of agricultural goods, is playing out in the trenches. You might be surprised to hear that the headlines are not all smoke and mirrors as farmers are actually seeing increased prices with China returning to US markets for products.

Earnings In Focus

Quint discusses three key companies that he's watching here for an indication of the health of the economy going forward. Unlike the popular FAANG stocks which encompass a technology-heavy lean these three stocks represent areas of the market that may give helpful clues about the broader economy overall.

Oct 28 2019

38mins

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Small Business Spotlight - Trainer Joe

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This week Quint takes a break from economics and finance to sit down with entrepreneur and small business owner Trainer Joe. With a background in collegiate sports, Joe Olliges was always interested in helping folks to achieve their fitness goals. It wasn't until he took the leap of faith to create his unique brand Trainer Joe that he began to turn his passion into a business. You won't want to miss this in-depth look into the business of fitness and weight loss. 

Oct 21 2019

38mins

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Managing Risk

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In this week's episode of Tape Talk, Quint and Daniel discuss the different ways investors should think about and view risk in their financial plan.

Headlines

This week's headline focus is back to China and trade. News broke during the week that China might be willing to make a deal, sort of. The problem with this news is that it's quite ambiguous. The market, however, didn't care and chose to rally on the potential for tensions to ease.

Tolerance is Key

Your risk tolerance is an important aspect of your financial plan. Your level of tolerance is dictated by what your portfolio can stand while still achieving the financial goals you set out.

Temperament is Important Too

Looking at your risk tolerance alone is dangerous though as it's also important to understand your temperament for risk. It's this metric that is better known as your "sleeping comfort" or what level of volatility you can handle and still sleep well at night. After all, it doesn't matter if your portfolio can handle the ups and downs in the market if your stomach cannot!!

Oct 14 2019

36mins

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What Matters Here?

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As the stock market begins to show some subtle signs of weakness in the short-term, Quint and Daniel discuss what matters here and what news they're looking at to assess where things go from here.

Liquidity Event?

The tightening in overnight lending from a couple of weeks ago has continued to persist. It seems that a rare "glitch" in the system has shifted to an ongoing trend. Quint and Daniel discuss what they're watching in this often-overlooked market to be on alert for something that might evolve into something more serious. 

The Race to $0 Commissions

Over the past week, online brokers have all acquiesced to the pressure from low-cost (or $0 cost) startups and subsequently all lower their commissions to $0. Schwab made the first move and was quickly followed by TD Ameritrade and E*Trade. While this means that customers and clients of these firms will benefit on the commission front, it does pose the question of where these companies will attempt to make up this lost revenue. 

Hunting for Value?

Quint and Daniel discuss the difference between value hunting and bottom fishing. With segments and sectors of the market at or near highs, there is a strong desire by some to find something that is a "value." However, while this can be a valid investment strategy it can also come back to bite and investors who haven't done their homework. 

Oct 07 2019

38mins

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Art of Rebalancing

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On this week's episode of Tape Talk, Quint and Daniel review the Federal Reserve's recent rate cut, drama in overnight lending markets, and the firm's recent equity position rebalancing.

Headlines

The FOMC met this week and, as expected, lowered interest rates by 0.25%. The market's reaction was fairly muted as this move was pretty well baked in to both equity and bond prices. Further, Fed Chair Powell didn't do anything in the Fed's post-decision press conference to shake investors confidence for the future.

Overnight lending, however, is in the spotlight this week as the cost to borrow cash in the "repo market" spiked multiple times throughout the week. This particular market is critical for the healthy functioning banking system to move liquidity where it is needed. While the developments here are noteworthy and somewhat concerning, they don't necessarily indicate a definite disaster on the horizon and, therefore, the market has hardly reacted so far.

Art of Rebalancing

With major US stock indices essentially at highs, Quint reviews Joule Financial's decision to rebalance its equity positions in an effort to take profits on what has been doing well and allocate some funds to areas that may have become underweight. 

Sep 21 2019

38mins

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4th Quarter Steps to Success

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On this week's episode of Tape Talk, Quint and Daniel discuss eight steps you can take in the months ahead to increase your odds of financial success as the year closes out.

Headlines

Hong Kong headlines have quieted down and Trump tweets arrows at the Fed this week. However, the market hasn't been stumbled by much as far as news goes this week. In fact, the market spent most of the week marching back towards highs like it was drawn by a siren's song.

8 Steps to Success Now
  1. Rebalance
  2. Review bond bunds
  3. Tax manage your sells
  4. Send your RMD to charity
  5. Establish a SEP IRA, or another tax-saving account
  6. Pay off your bad debt, then all debt
  7. Check your diversification
  8. Know your "Required Rate of Return"

Sep 16 2019

38mins

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Moving Higher

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On this week's episode of Tape Talk, Quint and Daniel explore the moves higher this week across a variety of markets. Stocks, bonds, and gold, nearly every asset had its time in the spotlight this week.

Good News

Much of the week's moves were based on investors interpreting the headlines as good news. Focus turned from the recent protests in Hong Kong to the good economic indications come from data in the US, employment reports were decent, and the Fed is still indicating a move to a more accommodative policy at its September meeting. Combine these headlines with the US and China looking towards their next trade talks in October and investors found little to be negative about this week.

Watch Your Bond Funds

While many assets are up recently, it's important to remember what that means. Investors would do well to keep in mind that bond prices and bond yields move inversely of one another. This means that with yields near historic lows, investors are seeing the value of their bond funds near all-time highs. While "set it and forget it" is a method employed by some, those that keep a vigilant eye on their portfolios may consider how much farther bond funds can rally if rates are already under 2% across the board.

Understand Your Plan

Your required rate of return is an important thing to know. This is the return you need to achieve to meet your goals. However, it's also important to know how that rate works into your plan. If you're looking in the rearview mirror here you've benefited from multiple assets classes rallying over recent years. Now may be the time to discuss with your advisor what a pullback in some of these assets may do to your expected rate of return compared to your required rate of return. Unless you are confident that all these assets can continue marching higher indefinitely it's worth considering how the future may look different from the past and incorporating that into your plan.

Sep 09 2019

38mins

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Back to Normal

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On this week's episode of Tape Talk, Quint and Daniel review what's been a quiet week in the market so far and dive into the much-hyped yield curve action.

Bulls Return

US stocks stabilized over the week after the previous weeks volatile sell-offs. Much of this calmer action seems to be attributed to the fact that economic data keeps coming in rather positive while headlines around the trade war escalation also seem to have slowed, for now.

FOMC Minutes

During the recording of this week's show, the FOMC meeting minutes from the most recent rate cut were released, which proved to be a non-event. While the Fed reiterated its stance that the recent rate cut may not be part of a new trend, markets seemed to find hope that the board overall was mixed on how deeply to cut rates this go around.

How Rates Work

While the Federal Reserve is heavily influencing liquidity and short-term rates in this environment, it's really the ten-year rates that people are focusing on. In fact, the 10-year yield was the catalyst for the most recent inversion on the yield curve. Quint examines what this means for investors and what the Fed can really control here versus what the market is in the driver's seat on.

What To Do Here

For investors, it all comes down to controlling what you can. This means having a financial plan, knowing your rate of return, and living within responsible spending habits to achieve your plan. Quint and Daniel wrap things up this week by examing the small things investors can do that will be important building blocks for their long-term financial success.

Aug 27 2019

38mins

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Yield Curve Inversion

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On this week's episode of Tape Talk, Quint and Daniel discuss the recent yield curve inversion and what that means to the market. 

Inverted What?!?

The headlines and watercooler talk this week is all about the recent inverted yield curve across the 2-year and 10-year Treasuries.  However, all the fantastic headlines tend to leave out why this matters to investors and what it really means. Quint and Daniel spend some time explaining the yield curve and why there is so much focus on inversion here. 

Main Street Interest Rates

It's all fine and good to know what's going on in Treasury yields but how is this trickling down into real-life economics of consumers who are affected by interest rates daily. What might be surprising to some is the vast divergence in the effect of the recent Treasury rate retreat on actual consumer rates. While mortgages are down some, many other rates have held steady or even rose!

Recession on the Horizon?

So if the yield curve is a recession indicator, does that mean we're on a direct road to this adverse economic event? Quint reviews what else is going on in the economy here to question whether we really need to be concerned at this point.

Your Required Rate of Return, It's the Foundation!

The one thing that is certain is markets will move both up and down. Sometimes they'll move calmly and other times more violently. Through these ups and downs, it's critical for investors to know precisely what they need from the market to achieve their goals. Understanding their required rate of return gives investors a metric by which to judge whether volatility is having a real-world impact on their current goals or is simply static to ignore. 

Aug 17 2019

38mins

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Summer Market Slump

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On this week's episode of Tape Talk, Quint and Daniel discuss the recent volatility across markets and what that means for investors.

Trade War

While stocks moved on the Federal Reserve's implication that the recent rate cut was not the start of a new trend, the move was propelled much further by matters worsening on the trade war front. After the Trump Administration broadcasted additional tariffs set to take effect, China released news of decreased purchases of United States agriculture products.

7.0, A Key Level

Over the weekend, the Chinese Yuan broke the all-important 7.0000 psychological level which indicated the country was allowing their currency to devalue versus the US-dollar. This move effectively shifted the trade war from a matter of goods and services to a currency scuffle which US markets, with their volatile trading on Monday, indicated would be a fearsome escalation.

Required Return

While seeing your investing and retirement accounts gyrate with the forces of the market is never palatable, it does help to understand how the moves affect your investing goals. By understanding your required rate of return you might be able to sleep easier at night by knowing if recent volatility is something to be concerned about or just already factored into your plan.

Aug 10 2019

38mins

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Market Update

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On this week's episode of Tape Talk, Quint reviews what's been happening in the market recently and what may lay ahead.

Market Anomalies

Often times the time to invest in particular companies or sectors is during a time when the waters appear choppy on the surface. Quint looks at Fastenal as an example of this particular strategy while considering whether Capital One Financial may be next on the list. 

Opportunity in a Breach?

Capital One Financial dropped on news that it is navigating a data breach but is it possible that the market is overreacting? Quint continues his discussion on finding value in adverse times by reviewing the company for potential opportunity. 

Fed Flip Flop

The Fed appears to be struggling with how to communicate clearly its intentions to investors. During his most recent press conference after the July FOMC rate decision, the future forecast became murky and the stock market sold off in response. 

Know Thy Risk

With markets entering a more turbulent period than they've been over the past couple months it is again important to understand your risk tolerance and temperament. The time to consider, review, and change your risk level is in the quiet times of the market, not when emotions are running high. 

Aug 05 2019

38mins

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Great

By daverobbins51 - Apr 25 2019
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Great podcast on inverted yield curve Daniel does such a great job. D.R

great show

By UK Fan 5665 - Jan 30 2016
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excellent show! a must listen