Gary Allen on Business – Sunday, March 6, 2016 – Podcast Now Available

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So many questions about investing and retirement…

Common Questions I Often Hear About Investing…

Is it a good time to be in the market? What about timing the market? When is a good time to get in or get out of the market?

All of these questions are somewhat similar because they are asking if I have some kind of ability to know in advance what it going to happen. Unfortunately, I don’t have that power and by the way nobody else does either. Although Andrew Bogut of the Warriors predicted a Curry 3-pointer before he dropped one in… but aside from that, no one has the ability to predict the future with any certainty.

Later in the program, I cover the total wealth equation, which is a combination of human capital and financial capital. If you can understand this basic concept, it provides you with a much clearer understanding of the trade offs in life between spending and saving.

Finally, I spend time discussing how Wall Street and most firms have been wrong about your number for so long. Most financial firms talk about building wealth and reaching for some big number. That number represents a nest egg of wealth. However, for retirement, the real number should be income. People need an income to survive. Wealth is not tied to inflation or retirement and is a difficult concept for people to understand. Next week on the program, I will dive deeper into this important concept.

I hope you enjoy the program this week. As always, thank you for listening to my program on KNBR.Thanks to my great product Justine for always doing a great job.

If you have any questions or would like to contact me, email is usually the best gallen@prudentllc.com or you can try to call, but I am often unavailable 916.436.8331.

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Gary Allen on Business, Sunday, Janaury 24, 2016: Podcast Now Available

Cartoon business people escape from stock market arrow

Stock Market Jitters, A Crude Awakening…

A large drop in oil prices has been fueling lower prices in the stock market recently. A strong US dollar has been one of the linchpins of this newfangled relationship. A stronger dollar is tough on US exporters and that strong dollar is a drag on oil prices as well. However, short-term market driven volatility is no reason to upset anyone’s well laid plans.

On the show this week, we spend time discussing two persistent myths about main street investors; the panic syndrome and market capitulation. It turns out that history shows that the average person does not panic and market bottoms usually happen with a whimper.

Later in the program, I go through eight points about managing money that our firm follows through good times and bad. It provides a road map for anyone to follow. And finally, I discuss the cost of bad investment advice.

There certainly are many things to be concerned about, but a disciplined investor understands they cannot control nor predict world events. These events make life interesting but are simply noise that can distract us from our purpose. Hopefully, you can ignore the bad advice that is driven by greed, fear and current events and develop a long-term plan that works for you in good times and bad.

I hope you enjoy the program this week. – Gary

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Gary Allen on Business, Sunday, January 17, 2016 – Podcast Now Available

Stock Market Jitters… Stock Market Predictions 2016… What To Do?

Bear Market

The New Year has not been kind to financial markets. In the back of people’s minds I sense fear of another meltdown like 2007-2009. Unfortunately, no has that answer until after the fact. That is why it is so important to make sure your investments are aligned to your individual circumstances. Depending on someone to time the market or to pick individual securities only adds to the level of risk you face. 

On the program this week, I cover the market downturn as well as the abysmal record of Wall Street and other financial professionals (United Kingdom and Australia) for predicting market returns. 

Since it is the beginning of the year, I do provide you with a list of 10 forecasts that I feel very comfortable about. These forecasts provide you with some of the reasons why it is so hard for market prognosticators to provide any value.

Finally in the last segment, I remind people to focus on what they can control and not to worry or focus on what you cannot. In this segment, I give you a sneak peek at a project we have been working on for a while. We feel that Wall Street and its beat the market mantra has led so many people down the wrong path. Hopefully, soon, we can let you know about a completely different path that should provide investors a better chance at success.

I hope you enjoy the program this week. – Gary

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Gary Allen on Business – Sunday, April 19, 2015 – Podcast Now Available

Pursuing A Better Investment Experience

Investment RoadOn the program this week, I preview a new educational presentation we have been working on for a while. The presentation covers ten important decisions that help investors target long-term wealth accumulation in the capital markets. While the presentation is not currently completed, the information seemed very timely as financial markets took another deep around the globe last week.

I have noticed an uptick of investor anxiety as we have seen more volatility in capital markets in recent months. The increase in tensions highlights the need for a prudent investment strategy that investors can utilize through good times and bad. A prudent strategy, conviction, discipline and a strong dose of confidence goes a long ways towards generating a positive investment experience.

In this program, I was able to cover nine of the ten major investment decisions needed to develop and implement a prudent investment strategy. However, I was not able to cover investment decision number ten this week. That will be covered at the beginning of my show next week.

When the presentation is completed, we will release it and make it available to everyone online. We are currently working on some of the illustrations and completing the voice tracks. So look for that release in the near future.

In the first segment of the program, I spend time chatting about taxes from a strategic perspective. Often investors are encouraged to think short-term about taxes instead of strategically. In many cases, tactical tax planning does not solve the underlying issues.

I hope you enjoy the show this week.

Remember to subscribe or follow my blog if you would like to receive updates about when new podcasts become available. Here are the materials from this week’s show.

Segment 1: Strategic versus tactical investment tax planning

Segments 2-4: Pursuing A Better Investment Experience

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Stocks Fall… Is It Time To Panic?

PanicStock markets around the world stumbled on Friday. Is this the beginning of the great correction that so many pundits have been calling for? Is it time to panic? The answer of course is nobody knows the future. However, you should be worried if you don’t have a prudent investment process in the first place.

There will always be bumps in the road that will rattle stock markets and investors alike. It takes a prudent investment process and discipline to remain calm and focused on your own goals. If you don’t have a prudent process, or if it is one built on speculation, then the odds are not in your favor.

On the show this weekend, we will chat about how to embrace an investment philosophy that allows you to stay invested through good times and not so good times. *** Also listen for a special offer for some new investment education materials.***

Tune in Sunday morning at 8 AM on KNBR 680 AM San Francisco for Gary Allen on Business.

On the show this weekend, we will chat about how to embrace an investment philosophy that allows you to stay invested through good times and not so good times.

Tune in Sunday morning at 8 AM on KNBR 680 AM San Francisco for Gary Allen on Business.

Gary Allen on Business – Sunday, January 18, 2015 Broadcast – Podcast Now Available

Gamble InvestmentsThe Value of Good Advice

On this program, I cover several topics of interest to investors. Often it is so easy to lose your way due to the constant barrage of information about money and finance. All to often, others will feed off of our personal fears as well as our greed. The result of this dangerous mixture is often a poor investment experience. We try to make investing more approachable and less daunting. Ultimately, the money is yours and you should be in control. Too often, people blindly respond to a good sales pitch and fail to become an informed consumer.

The cartoon above is one of my favorites. Unfortunately, I think many people feel this way when they work with an advisor. It does not have to be that way. Common sense along with some basic information should help to overcome this problem. Investing is something very different from gambling or speculation. Hopefully, we can help you with that. This week we highlight the following for you:

Segment One – The Value of Good Advice

Segment Two – The Blue Chip Blues vs. Diversification Rules

Segment Three – Beware the Slick Salespeople Selling Despair And Fear

Segment Four – Living With Uncertainty

As always, I hope you enjoy the program and thank you for listening! – Gary

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Gary Allen on Business – Sunday, January 11, 2015 – Podcast Now Available

Tragic Events in France

Pen bullet cartoonIn the first segment of the program I spent a few minutes expressing my thoughts on the terrorist attacks in Paris. This past week, we saw tragic events unfold in France as terrorists held Paris under siege for several days. As a member of the media, I followed the events closely and could not come to grips with how anyone could resort to violence against people expressing their opinions and beliefs. In this case, satire from a group of cartoonists and magazine folks who have never threatened anyone with violence or mayhem.

The bedrock of a civilized human society is the freedom of expression or the freedom of speech. Whenever someone threatens this right, society suffers. No matter how offensive or even if you simply don’t agree with someone’s viewpoint, no one has the right to harm another individual. While saddened by the events in France, I was heartened by the outpouring of support from around the world. The gathering on Sunday, January 11, 2015 in Paris and other locations around France was a sight to be seen. World leaders (except for our own, big mistake), gathered arm in arm in a show of unity against terrorism with a sea of people from all walks of life behind them. Hopefully, this is the beginning of a new period of time, when the silent majority finally stands up to say enough is enough.

The pen will always be mightier than the sword. Even when it seems like the sword is winning, human society, freedom of expression and freedom of speech will eventually prevail.

 

blue skyThe Weather Vs. The Climate

In segments two and three of the program, I spend time chatting about trying to focus on the long-term versus worrying about the daily noise. So often, we make dumb mistakes with our finances because we dwell on short-term and temporary circumstances. I use the analogy of worrying about the day to day weather instead of focusing on the climate. Ultimately, it is much better to have a wardrobe based on the prevailing climate instead of today’s weather.

Investing is no different. One should build an all-weather portfolio so they can remain disciplined through good markets and bad. Too often, individuals will constantly tinker with their portfolio due to current circumstances. Ultimately, they end up fighting the last battle or hurdle, when a new one is just around the corner.

Diversity in Silicon Valley

Finally, in segment four, I talk briefly about diversity in Silicon Valley. Several large companies in Silicon Valley have been making some news recently as they speak about an obvious issue, diversity. The technology industry has long been known as a frat house dominated by men and lacking in diversity. Females, Hispanics and Blacks have long been underrepresented in Silicon Valley and Intel made a major commitment to help that problem this past week. The chip giant pledged $300 million at this year’s Consumer Electronics Show in Las Vegas. Let’s hope that Silicon Valley is able to find more talented people that better represent the American workforce.

Gary Allen on Business

Gary Allen on Business

 

 

 

 

 

 

Gary Allen on Business – Sunday, November 23, 2014 – Podcast Now Available

Risk and Reward… but don’t forget about the RISK!

profit-lossEvery investor whether they know it or not, is taking some type of risk in order to generate a potential return. However, too often, people spend all of their time focusing on the potential reward, while ignoring or downplaying the risk. Unfortunately, all of us need to understand that investment results (returns) by definition are random. There is no way to predict with any certainty before it happens what the stock market will return over any given period of time. It is this uncertainty that every investor must live with and learn to embrace in order to be successful.

On this program, I focus on what you should spend most of your time focusing on. Focusing on what you can control as an investor makes more sense than searching for an answer to something that cannot be. Therefore, investors should focus on those items you can control, in order to put the odds in your favor.

The following, in my opinion, are three items that can provide investors with a solid path towards success. On the surface, it seems simple and straight-forward. While there are nuances, it is this simplicity and discipline that provides elegant sophistication and success.

Three controllable investment practices:
1) Manage risk
2) Control expenses
3) Pay attention to taxes

It does not sound like much, but it is the heart and soul of investment success. I hope you enjoy this program.

HOLIDAY GREETINGS FROM ME TO YOU
It is the holiday season and I want to take a moment to thank each of my listeners for supporting my program over the past seventeen years. Thanksgiving is a time for being thankful and there is no doubt that my relationship with KNBR and my listeners over the years has been a wonderful experience. I hope that every one of you has a blessed holiday season, much happiness and a very prosperous and healthy 2015.
Thanksgiving

Gary Allen on Business

Gary Allen on Business

Are you a Speculator or an Investor? If I looked at your portfolio, would my answer match yours?

Burning money 2
Gary Allen on Business, Sunday, February 23, 2014 On this weekend’s program we will explore the telltale signs of investing and/or speculation. There are warning signs and dangers lurking that you or your advisor might be generating. Find out if you are on a path to investment success or if you and or your advisor are in a dangerous game of speculation. By the way, speculation is only dangerous to your financial health. Your financial advisor, if you have one, will do just fine.

By the way, have you ever looked at your investment portfolio and wondered how did I get here? Or do you ever wonder just how risky your portfolio is? Of course you do. What I will do is provide you with information that will help answer those questions and more. This is an excellent program for anyone who has second thoughts or is having trouble understanding what is going on with their investments.
If you fit into the group of people not so sure about your investments, then tune in to my program on Sunday morning at 8 AM on KNBR 680 AM. And don’t worry, if you can’t make it, just follow this blog and you will receive notification when a podcast of this program becomes available for your listening pleasure.