As this bull market becomes the longest in history, and signs of economic slowdown both globally and domestically are showing up, the risk of a bad sequence in the market combined with the need to withdraw for retirement income is coming into focus for many people on the verge of retirement or recently retired. Meanwhile, the proliferation of computer-driven algorithmic trading, also known as ‘algo’ trading, has increased that risk, according to reports appearing in Barron's, the Wall Street Journal, and Fox Business. Today, we have some facts and data that may shock you. Then Steve interviews best selling author and former Federal Reserve advisor Danielle DiMartino-Booth. A great interview and a fact-filled show you don't want to miss. MASTERING MONEY is on the air!!
Where do your beliefs and opinions come from? If you're like most people, including me, you honestly believe that your convictions are rational, logical, and impartial, based on the result of years of experience and objective analysis of the information you have available. In reality, all of us are susceptible to a tricky problem known as "Confirmation Bias. This is especially true when doing research on Google for information on annuities. Scientific studies conclude that we tend to focus on the information and headlines that UPHOLD OUR BELIEFS, and tend to ignore the information that CHALLENGES our beliefs. This can cost you thousands of dollars. Today, we'll review confirmation bias, how to overcome it, and how to make better fact-based financial decisions. Then Steve has seven questions you need to ask about annuities before you choose. A great show lined up for you today, don't miss it! MASTERING MONEY is on the air!
…According to the Wall Street Journal, Institutional Investors are increasingly concerned that the long post-crisis expansion since 2009 could be nearing an end. The U.S. economy is strong and is a model for the rest of the world right now, but the problem is that most nations are simply too weak and wobbly to follow, leading to negative interest rates. Bond yields, which fall as prices rise, have fallen in recent weeks due to tepid economic data, geopolitical tensions and signs of caution from the Federal Reserve. And now, many experts believe the Fed will actually CUT interest rates in 2019! And what about stocks? Will the market slide? And which investments can BENEFIT from a decline? We'll review what you need to know, then health insurance expert Shelley Grandidge joins us for the Q & A. MASTERING MONEY is on the air!!
Reverse mortgages are widely criticized, but often they are a perfect fit for the right person or couple and are becoming more popular. Many people across the country and in Arizona have them. There are five signs when a reverse mortgage is a perfect fit, and there are five signs a reverse mortgage is not recommended. But for baby boomers entering retirement with ten to twenty years to go on a two hundred thousand dollars or more mortgage, a reverse mortgage could be a smart savvy move and a way to keep expenses lower while investing for more growth. Today, we'll review the pros and cons of reverse mortgages, then experienced loan officer Mitch Boxberger with Nexa Mortgage joins us for the Q & A. Don't miss today's show...MASTERING MONEY is on the air!!
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of the most popular stock market talk shows in America, featuring top market experts and heard by millions of listeners—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus a whole lot more you SURELY won't want to miss! -- MASTERING MONEY IS ON THE AIR!
Cannabis stocks have been a volatile but largely outperforming group in 2019. Plenty of marijuana stocks, including Aurora Cannabis(ACB), Canopy Growth (CGC), and Cronos Group (CRON), have soared 30% to 50% in 2019. The gold rush mentality is alive and well, but analysts at Bank of America Merrill Lynch warn that while some companies are living up to the hype, others have risen too far, too fast—and investors could get burned. Today, we'll continue our educational series on cannabis and marijuana-related stocks and then Steve interviews one of the cannabis industry's leading spokespersons, Todd A. Harrison, an investment consultant and former Morgan Stanley vice president of Global Derivatives, followed by advice on building retirement wealth the SMART WAY. ....MASTERING MONEY is on the air!!
American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind baby boomers and Generation X despite a decade of economic growth and falling unemployment. New data show that millennials may never catch up with the generations of Americans that preceded them. The Fed analyzed income, debt, asset, and consumption data and found that millennial households had an average NET WORTH nearly 40% less than Gen X households had in 2001, and about 20% less than baby boomer households had in 1989. At the same ages, Gen X men working full time earned 18% more than their millennial counterparts do now, and BABY BOOMER men earned 27% more when adjusting for inflation, age, and other variables. What does this mean to you as a retired investor? Stocks may not keep their values due to weakening demand and the Social Security system may deplete faster than we thought. Today, we'll review the Wall Street Journal report on this alarming trend, and what you need to do now to avoid a coming crisis. Don't miss today's show...MASTERING MONEY is on the air!
Question: do the rich GET rich at the expense of the poor? Many people believe that the rich ONLY become rich at the expense of OTHERS. This world view is called “zero-sum thinking” because its adherents regard economic life as a zero-sum game, just like tennis, where one player has to lose for the other to win. Dr. Rainer Zitelman, writing in Forbes pointed out the flaw of zero-sum thinking. Zitelman was awarded his first doctorate in 1986 and his second Ph.D. in 2016-- and has written 22 books. In Forbes, Zitelman recalled the German poem: “Said the poor man with a twitch: Were I not poor, YOU wouldn’t be rich.” Today, we'll explore how Zitelman blows up that myth in a special evidence-based report you don't want to miss. Then Steve has three key tips for building retirement wealth the SMART way. MASTERING MONEY is on the air!
For over five years, European nations have been trying to jump-start their ailing economies with what was supposed to be a radical, short-term remedy—negative interest rates. Instead, central banks can't see, to wean their economies off of them. Increasingly, says the Wall Street Journal, negative rates on bank accounts and even treasury bonds appear to be a permanent feature of the landscape says the Wall Street Journal. Could it happen in the U.S.? And did you know why low-interest rates--which are designed to STIMULATE the economy, can LEAD to recession and DEE-flation, not IN-flation? We'll review the full report, and then Steve reviews key planning tips for building retirement wealth the SMART way! MASTERING MONEY is on the air!!
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of the most popular stock market talk shows in America, featuring top market experts and heard by millions of listeners—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus a whole lot more you SURELY won't want to miss! -- MASTERING MONEY IS ON THE AIR!