Stock Market Have You Worried?
What to do now, and for that matter, always…
This show is part of an ongoing conversation with my listeners about what to do when financial markets become worrisome. The reality is one has to have conviction, trust and understanding in their investment process in order to have a good chance of financial success. This program starts at the beginning with information and some guidance on what you should be doing on a regular and consistent basis.
In my mind, when someone asks me what they should do with their investments now… because [you fill in the blanks]? I categorize all of those questions as a sign that someone either has doubts about their own investment strategy/philosophy or that of their advisor. By the way, it is a great question, but often people are surprised with my answer. Most are expecting me to give my thoughts on how expensive or cheap the market is, or whether they should buy or sell. In my mind, nothing could be further from the truth.
This conversation starts at the bedrock or foundation of understanding investment strategy and philosophy. This program and more to follow will walk us through my thoughts on how to become confident, develop discipline and ultimately to develop a strategy to serve an investor through good markets and bad. Thank you for listening to my program on KNBR and I hope you enjoy this podcast.
Show Highlights Segment One – An amusing story concerning McDonalds and sex toys. Come on, it’s not what you think! Segment Two – What you should spend your time on, and don’t sweat the other stuff Segment Three – Risks worth taking and those that are not Segment Four – Risk and return, a relationship to embrace
The Worst Article on the San Francisco Giants this Postseason?
You be the judge! I spend the first half of the program dissecting an article in Forbes Magazine about the San Francisco Giants. The gist of the article is the Giants are bad for World Series ratings because they are boring! I don’t think this article does a good or even a decent job of supporting the hypothesis. There are a number of factors contributing to lower ratings in recent years, but it is ludicrous to blame the Giants for the problem. The author in my opinion does a poor job of supporting his points about the business side of the story, and does a laughable job of explaining why the Giants are boring on the field.
In the second half of the program, I spend time chatting about the dangers of structured notes and why they are probably a bad investment for most people. Thanks again for listening to my program on KNBR 680 AM and I hope you enjoy the podcast.
Gary Allen on Business – Watch Out For Leverage And Margin
Watch out for the danger of using improper tools or for that matter setting yourself up for failure by placing extra risk in your portfolio. I spend some time on this program chatting about ways people set themselves up for failure and how to avoid those problems.
In the program, I also share a humorous story about my wife using a very small broom to sweep the driveway at our home. She is very determined to sweep off those leaves by using that very tiny broom. It was quite the sight to see and a perfect example of why it is so important to plan and to use the proper tool. My daughter and I enjoyed watching the show very much!
I hope you enjoy the program and thanks for listening.
On this week’s program we hit on a number of issues from the world of business and finance. That includes the interesting experience of the former Federal Reserve Chairman, Ben Bernanke, who had a little trouble refinancing his Washington DC area condo. Bernanke ran into the familiar position of having to prove his income now that he is primarily self-employed.
Meanwhile, Warren Buffett has decided to enter the car business in a big way. So if you are in need of some wheels, the sage of Omaha is ready to wheel and deal with you. Also I spend some time talking about the latest move by the government to put the kibosh on inversion deals. And in the final segment of the show, I spend a couple of minutes on the latest example of why it is not such a great idea to use predictions about the future as the basis for your investment decisions.