A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
A lot of crazy stuff has happened this decade.
The pandemic of course:
Which caused oil prices to go negative (I still can’t quite believe this happened even though it makes sense given the circumstances):
The trillions of dollars in government spending combined with a supply chain shock led to 9% inflation, the highest levels in four decades:
Which caused the Fed to raise rates from 0% to 5% in no time:
The sto...
A lot of people were surprised the stock market didn’t fall further given the geopolitical situation.
A war in the Middle East. Oil prices spiked 60% in a hurry. The energy market supply-demand dynamics might be screwed up for a while. Gas prices quickly shot up to over $4 a gallon.
Why did we see such an orderly sell-off in the stock market? Why was the S&P 500 only down 9% from the highs? Why didn’t we s...
Jonathan Novy joined us on the show this week to cover questions about life insurance, variable universal life insurance policies, how to get your adult kids to save money and how to spend down your college savings.
Further Reading:
The 4 Year Rule For Retirement Spending
The post How Do You Retire at 55? appeared first on A Wealth of Common Sense.
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The way I see it there have been two big shifts in the past 20-30 years in the wealth management space.
One, financial advisors went from selling products to offering holistic, goals-based financial advice.
And two, most advisors gave up on the idea of seeking alpha as a way to provide value to clients.
This isn’t the entire industry. There are still products being sold. People are still looking to outperform the ma...
Today’s Talk Your Book is brought to you by Calamos:
To learn more about, amplified, long-term wealth accumulation visit: www.calamos.com/CAGE
On today’s show, we discuss:
Bringing structured product strategies into the ETF wrapper and the four lenses Calamos uses to evaluate new products
How autocallable income ETFs work, and the difference between income and growth versions
The memory feature in CAGE and...
