Most of us can agree on one main goal for 2020: make life simpler and easier. Behavioral economists have proven that the best financial decisions are those that are pre-considered and then AUTOMATED. If your bills get deducted on auto-pay, you are never late with a bill. Your credit score goes up. You never pay late fees. If your strong 401(k) contribution is automatically deducted from your paycheck for 30 years, you end up a millionaire at retirement. Today we'll outline how to get your money running like a well oiled machine--one where you get PAID to own your investments, and you prevent life surprises from turning into financial emergencies! You're going to love today's show MASTERING MONEY is on the air!!!
In 1892, the Eastman Kodak Company was born. It had been the brainchild of a 24 year old young man who became obsessed with capturing pictures for easy viewing. In those early years if you would have asked George Eastman about Kodak’s business model, he would have said the company was somewhere between a chemical supply house and a dry goods purveyor (if dry plates can be considered dry goods). The company became a multi-billion dollar behemoth and one of the best stocks you could have owned in the middle of the last century. They even developed the first digital image technology, believe it or not. What did they do with it? We'll tell you that story today, and it will shock you! Then Steve will answer the tough questions on annuities and dividend stocks. A fact filled show you don't want to miss...MASTERING MONEY is on the air!!
People who don’t like losing money in the stock market are often described as “risk-averse”. In reality, behavioral scientists will say that you may not be RISK averse, but rather LOSS averse. There is a difference, and it matters when you are designing your financial plan.
Las Vegas is loaded with people who are not risk averse. In fact, they take pleasure in taking a risk.But all of them are LOSS averse. Today, we'll clearly define the difference and why you need to know it when determining HOW to allocate your investments for retirement, and it may SHOCK you! Then health insurance and Medicare expert Shelley Grandidge joins us for the Q & A. An important show you don't want to miss....MASTERING MONEY is on the air!!
Automated trading systems — also referred to as algorithmic trading,— allow traders to establish specific rules for both entering trades and exiting trades that, once programmed, are automatically executed via a computer. High FREQUENCY trading is not the same thing. High frequency trading travels in milliseconds to stay ahead of the trend, CREATED by the algorithmic trade! In the early 2000s, algo trading only consisted of about fifteen percent of market volume in the U.S. stock market. Today, it controls upwards of EIGHTY percent, and when combined with trillions of dollars of high frequency trading, with a dose of corona virus, you get what we are seeing now. Today, we'll explain how algorithmic trading works and what you should do guard yourself. Then mortgage expert Mitch Boxberger joins us. You don't want to miss today's show....MASTERING MONEY is on the air!!!
A new trend is developing in modern financial planning. Many men are getting INTENTIONAL about planning for the woman in their lives-- Why? Consider this statistic: Eighty percent of men die MARRIED, but Eighty percent of WOMEN... die SINGLE! And because many women are younger than their husbands, they may spend five to fifteen years on their own in old age. Consider also that women are much more likely to become care-givers for a parent and even their husbands at some point. In her 60s a woman’s estimated risk of developing breast cancer is one in eleven, but for developing Alzheimers it is one in SIX. So not only might a woman live for a long time in her elder years, her odds of doing it with dementia are high. Today we'll review how many retired couples are re-thinking and re-engineering their portfolios to plan for... the woman of the house. You don't want to miss today's show...
MASTERING MONEY is on the air!
One of the most common questions people ask as they near retirement is whether or not they can afford to retire on a million or two million dollars anymore.(?) With stocks near all time highs and bonds at all time lows, it is actually a very good question with a mathematical basis. The crash of 2008 taught millions of retiring engineers, teachers, and other professionals a costly lesson—ten YEARS of market gains were gone in just a few WEEKS of market losses. There are now over fourteen million households in America with a million dollars or more. A million is a nice sum of money, but unless you properly diversify, allocate, and preserve it, it can be frittered away by a combination of bad markets, income withdrawals, RMDs, taxes, fees, and poor timing. Today, we'll do the math for you and Steve will lay out a clear strategy to help you retire and STAY retired! Don't miss it...MASTERING MONEY is on the air!!!
While the stock market may dip due to the PSYCHOLOGICAL effects of a recession or unexpected event, there is a big difference between a dip and a crash. As an investor, you are wise to understand that difference. Unfortunately, scary headlines about BOTH often push skiddish investors to do the exact opposite of what they should do when a recession, a dip, or surprising event occurs. Rather than seeing OPPORTUNITY, like professional investors do, many investors panic, and end up selling high quality holdings at precisely the wrong time—destroying any chance of being successful over the long run. They climb back in later, after licking their wounds, and locking in losses. Today, we'll lay out the clear steps for protecting your retirement portfolio from the unexpected and setting yourself up to achieve long term goals. Then Medicare specialist Shelley Grandidge joins us for the Q & A. A timely show you don't want to miss MASTERING MONEY is on the air!!!
Today on Mastering Money, we begin a series on how and where to invest in the inevitable trends coming our way. Too often, investors take a haphazard approach to the market, doing it themselves or settling for a cookie-cutter portfolio from a big box brokerage. Here’s the problem: your portfolio will likely look the same as almost everyone who walks through the door of the same age, and answers the risk tolerance questionnaire in similar fashion. That's because the models are put together for uniformity and for legal protection for the big box broker. But where does that leave you? With a cookie-cutter portfolio that everyone else has! That approach didn't work out so well in 2008. Today we'll review how to invest in the INEVITABLE trends coming our way. Then mortgage expert Mitch Boxberger joins us. A great and TIMELY show for you today...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 coast to coast—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 money-making and money-SAVING ideas from Steve you won't want to miss! -- MASTERING MONEY IS ON THE AIR!