Money Tree Investing (Money Tree Investing Podcast)

How do you deal with losing someone you love? Jennifer Luzzatto joins us to talk about dealing with personal and financial loss.

For more information, visit the show notes at https://moneytreepodcast.com/253

A special presentation of MTI Panelist Miranda Marquit's podcast, Adulting.tv, which originally aired on November 9, 2017 at https://adulting.tv/ep/a097-build-wealth-without-stocks

Do you think there are conspiracies in common financial practices? I do. Michael Edesess thinks so too. He thinks there may be some conspiracies with pensions as well. He explains why strategies like rebalancing, diversification, mean variance optimization, and tax loss harvesting might not be as beneficial as they seem. Michael sheds light on how institutions like Ivy League endowments and public pension funds waste billions on active management that underperforms simple market indices, driven by the industry's profit motives rather than investors' best interests. 

Today we discuss...

• Michael's unexpected entry into the finance world, influenced by a classmate's suggestion to explore a brokerage firm using mathematics.
• Why the finance industry and its practices, such as rebalancing and tax loss harvesting, fundamentally flawed.
• Michael's perspective on rebalancing, challenging the belief that it improves investment returns, and why he believes this advice is often misguided.
• The misconception of diversification in mutual funds and clarify the real benefits of diversification according to Harry Markowitz's theory.
• Modern portfolio theory (MPT) and Michael's critique of its practical application, especially concerning mean variance optimization.
• Why tax loss harvesting is not as beneficial as commonly perceived and the costs associated with it.
• Robo advisors, their cost efficiency, and why Michael believes they still don't offer significant value over simple index funds.
• The inefficiency and high costs of investment management for Ivy League endowment funds and public pension funds, labeling the industry as a conspiracy of inefficiency.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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For more information, visit the show notes at https://moneytreepodcast.com/conspiracies-in-common-financial-practices-michael-edesess-616

75% of people who receive inheritances go through all the money within 5 years. Aretha Franklin passed away intestate (without having made a will).

Doug Goldstein knows a thing or two about inheritances and released a book with helpful advice about how to handle a windfall - and how to properly leave an inheritance to your loved ones.

For more information, visit the show notes at http://moneytreepodcast.com/208

2023 has been a most interesting year. And it looks like we are ending it with a tremendous Santa Clause Rally for the books. This is in part due to Jerome Powell's decision to become an Arthur Burns, not a Paul Volker. So much for his legacy...

Join us as we discuss some of the most interesting news today.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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 For more information, visit the show notes at https://moneytreepodcast.com/santa-clause-rally-2023-565

Another blockbuster episode here on Money Tree Investing. This week we tackle a sacred cow (you know we love to do that)... Income Inequality.

This week Doug and Kirk discuss what is going on in the economy, consumer credit balances, the bullwhip effect, the stock market, and employment. Did you know that July was the 5th best performing month for the Wilshire 5000 index in the past 30 years? Was new s to me too.

We also discuss the 2-10 yield curve, historical tax rates and more. This is an action packed episode of summer fun.

For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-income-inequality-bullwhip-2

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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This week we interview multi family real estate expert, Rod Khleif, about how he lost $50,000,000 in real estate and bounced back even stronger in his quest to create real estate wealth.

We discuss the value of having the right mindset, how to pivot when you are wrong, the power of setting your intentions and being clear on what you want, real estate risk management tips and more...

For more information, visit the show notes at https://moneytreepodcast.com/how-i-lost-50000000-in-real-estate-with-rod-khleif

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Richard Smith spent the last 16 years leveling the playing field for individual investors.

We discuss some risk management secrets of professional hedge fund managers: how they manage risk in their portfolios, reduce volatility & protect wealth via stop loss strategies.

This is a great episode for novice and professional investors alike. Join us to learn how to invest with less risk.

For more information, visit the show notes at http://moneytreepodcast.com/risk-management-stop-loss-volatility-stock-picking-and-more

Rod Griffin shares how credit impacts your daily life! As a consumer education and advocacy expert at Experian, Rod discuss the critical role of credit in financial health, particularly during the holiday season. This conversation covers best practices for managing credit and credit scores, including maintaining low credit utilization, paying bills on time, and understanding credit reports. He also talk tips to avoid holiday overspending.

Today we discuss...

• Rod Griffin, with 27 years at Experian, shares insights into the company's diverse services beyond credit scores, including fraud prevention, identity theft recovery, and automotive history.
• Rod's journey from journalism to consumer advocacy at Experian, highlighting the role of information as a key driver of global economies.
• The importance of using credit as a financial tool during the holiday season to avoid overspending and access better financial opportunities.
• Rod advises on planning and budgeting, including making lists and avoiding impulse purchases, to manage holiday spending effectively.
• Key tips for maintaining strong credit scores include paying bills on time, keeping credit card balances low, and avoiding the myth of needing to carry a balance.
• Using tools like free credit reports and risk factors from credit scores to understand and improve their financial standing.
• How credit scores assess payment history, credit utilization, credit mix, and recent behavior to gauge risk for lenders.
• Consistency in financial habits—such as paying in full and maintaining low utilization—is essential for building good credit over time.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

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For more information, visit the show notes at https://moneytreepodcast.com/credit-impacts-your-daily-life-rod-griffin-668 

Gord Neal, CEO of World Copper, joins us to talk about the future of copper! Gord shares his extensive experience and background in mining commodities. He emphasized copper's crucial role in the transition to clean energy, particularly for electric vehicles, power grids, and renewable energy infrastructure. Gord also talks about the potential impact of the new U.S. administration on mining policies, and how regulatory streamlining could accelerate domestic production and strengthen U.S. energy security. 

We discuss...

• Gord Neal, CEO of World Copper, has 25 years of experience in mining, specializing in metals like gold, silver, copper, and uranium.
• He was a founder of Mag Silver, growing it from a $50M to a $2.5B market cap company, and led New Pacific Metals to a $1.2B valuation.
• Copper is critical for the transition from fossil fuels to electric energy, as EVs and grid upgrades require significantly more copper than traditional vehicles and infrastructure.
• The supply of copper is insufficient to meet the demand for 2030 and 2050 energy transition goals, requiring urgent increases in mining output.
• Nuclear power is essential to meeting global energy needs, as wind and solar alone cannot provide sufficient or reliable power.
• Copper remains the preferred metal for electrical applications due to its conductivity, durability, and cost-effectiveness compared to alternatives like silver.
• The global copper deficit is around 100M tons, with new mining projects facing long lead times and high costs.
• The U.S. needs to accelerate mining permits, particularly in copper-rich states like Arizona, to secure domestic supply.
• The new Trump administration is expected to push for more mining and energy independence, potentially speeding up federal land permitting.
• Copper demand is rising due to the shift toward electrification, requiring more wiring for vehicles and energy grids.
• The U.S. power grid requires significant upgrades to support an electric vehicle transition, necessitating vast amounts of copper.
• The slow progress in energy grid modernization is due to high costs, bureaucratic red tape, and lack of large-scale energy storage solutions.
• Political and regulatory challenges impact the speed at which mining projects and energy infrastructure can develop.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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For more information, visit the show notes at https://moneytreepodcast.com/the-future-of-copper-gordan-neal-692 

Oil price inflation is back...

OPEC has decided to go against the US and the US is losing. Maybe The White House should not have used the strategic petroleum reserves for political gain in November. Oil price inflation will be back with a vengeance this winter. Stock up now. At least we are not living in Germany. The Russians may be losing in Ukraine, but they played this hand well. The only one to upstage Russia/OPEC is the Onion who filed an Amacus brief with the US Supreme court... Well played sirs... Well played.

The Bank of England is having big problems as well, and very little has to do with the new PM, Liz truss. I only mention England because the Bank of England had to intervene in the markets this week. But they are not alone with problems.

The mortgage and housing markets are a mess once again. And we also discuss the yield curve.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter: https://twitter.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-oil-price-inflation-421b

Lia Holmgren, a former psychotherapist turned full-time stocks trader and trading coach, joins the podcast to discuss the trading mindset. As a stock trading coach she shares how her background helps traders manage discipline, risk, and emotional control. Lia details her approach to options trading, preferring long-term leaps on high-quality stocks and selling covered calls for additional income, while stressing the importance of position sizing and risk management. Learn how you can trade more successfully and without emotion as today we discuss... 

• Lia Holmgren shares her background, originally from former Czechoslovakia, now a full-time stocks and options trader with a past in psychotherapy.
• She explains how her upbringing instilled strong financial habits, leading her to explore investing and later trading.
• Lia works with traders as a performance coach, helping them manage emotions, risk, and discipline.
• She observes that fewer women enter trading due to natural risk aversion and societal influences but notes a growing interest among women in financial education.
• One of the biggest issues Lia sees in traders is poor risk management and misunderstanding risk-to-reward ratios.
• She teaches a simple risk management formula that she believes is life-changing for retail traders.
• Institutional traders often struggle with ego and emotional challenges, especially during losing years.
• Lia explains her position sizing approach, typically risking no more than 1% of her account per trade.
• How traders need to focus less on being right and more on maximizing profits while controlling losses.
• Lia holds about 20 individual stocks, adjusting the portfolio periodically.
• Taxes play a role in trading decisions, but delaying exits for tax reasons can backfire.
• How she prefers selling options over buying, particularly for short-term plays in high-volatility stocks.
• 2025 is expected to bring market volatility and choppiness, making swing trading more challenging.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Douglas Heagren | Pro College Planners
• Jeff Hulett | Finance Revamp

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For more information, visit the show notes at https://moneytreepodcast.com/trading-mindset-lia-holmgren-696 

Today we cover a mix of festive holiday reflections and current Christmas trends. We debate the merits of artificial versus real trees, the Federal Reserve's recent decision to lower interest rates, market reactions, and the potential onset of a recession, and historical cases like Puerto Rico's bond defaults, and more! It's a Merry Christmas here!

Today we discuss... 

• How Hanukkah's alignment with Christmas is rare due to differing solar cycles and offers a unique multi-year celebration opportunity for 2024-2025.
• A shift from real to artificial Christmas trees, driven by mold allergies.
• A personal tradition of year-end reflection, dubbed "Best Year Ever," emphasizing life evaluation and goal setting over a two-week holiday break.
• Fed Chair Powell's interest rate cuts and their implications for markets and economic confidence were analyzed, with insights on potential recession signals like the inverted yield curve.
• Economic indicators, including high-yield bond performance and confidence metrics, were examined to forecast recession risks and investor sentiment.
• The Puerto Rican bond default served as a cautionary tale for assessing risks in high-yield portfolios, drawing parallels to current market trends.
• Market bullishness is fueled by a strong economy, decent earnings, and optimism about new presidential policies perceived as pro-business.
• Concerns were raised about tariff policies potentially replacing income tax and their inflationary implications.
• The market appears overvalued, with current performance exceeding economic fundamentals, risking a potential correction.
• Reversion to the mean was discussed as a natural market dynamic, suggesting that extreme highs or lows eventually balance out.
• Rising money market assets reflect cautious investor behavior, with significant cash reserves awaiting better market valuations.
• Inflationary pressures are linked to reduced supply and increased money supply, paralleling market dynamics.
• Markets need a perceived value shift to attract sidelined liquidity.
• Year-end is a prime time to reassess portfolios and consider tax implications.
• Reflect on strong market performance and evaluate whether reallocating or profit-taking is prudent.
• December 31st and January 1st are pivotal market dates due to tax-loss selling and portfolio rebalancing.
• Diversification theory, while historically valuable, may now be less effective due to increased asset correlation.
• Risk is the permanent loss of capital, whereas volatility is short-term price fluctuation.
• The current bull market may soon rival the 1990s tech boom in duration and performance, though a mean reversion is expected.
• High-yield bonds should be viewed more like high-dividend equities due to their risk and reward profile.
• Online shopping has grown but still accounts for less than 20% of total retail sales.
• Men and women share similar preferences for holiday gifts, favoring money, clothing, and gift cards.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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For more information, visit the show notes at https://moneytreepodcast.com/christmas-trends-671 

If you believe we are due for a correction in the market, would you plan to borrow money on your house to invest during the downturn?

That’s what one listener, Sigmund from Norway, plans to do. He’s debt free and has a paid-for cabin, which he plans to mortgage during the next recession. What does the panel think?

Charles’s daughter has $1,000 worth of EE Savings Bonds that were given to her over the years by her step-grandmother. They already have enough saved for her to go to college, so what should he do about the savings bonds?

We dive deep into these topics with our varying experiences and opinions. Listen closely.

 
For more information, visit the show notes at http://moneytreepodcast.com/206 

The crypto trade continues to stay strong! Do you know where to invest? Join us for an interesting conversation with Paul Rosenberg as he shares some tips and current insights on the crypto space. Paul discusses the state of Bitcoin and Ethereum, the challenges they face, and the implications of their integration into mainstream financial systems through ETFs.

He also highlights the geopolitical and economic shifts impacting the global financial landscape. 

Today we discuss... 

• Paul's background in electrical construction and engineering and his time in the early cypherpunk community.
• His early company called Crypto Hippie that provided internet privacy.
• Paul's monthly newsletter at freemansperspective.com.
• How a majority of illicit activities use traditional currencies like the US dollar.
• Bitcoin has remained consistent, with its value tied to supply and demand rather than being a traditional investment vehicle.
• Bitcoin ETFs are emerging due to high demand, with many US citizens owning some Bitcoin.
• Ethereum runs smart contracts and has experienced technical challenges and governance changes.
• Other cryptocurrencies serve as tools for specific uses rather than investment vehicles.
• ETFs might pull Bitcoin into wallets over which there is some regulatory control.
• Bitcoin can evade currency controls, making it valuable in certain situations.
• The global east and south are building their own monetary systems, moving away from the US dollar.
• Holding physical assets and stocks in real, productive companies is advisable.
• The US and European corporations are vulnerable as the "third world" becomes more self-sufficient.

For more information, visit the show notes at https://moneytreepodcast.com/crypto-trade-continues-paul-rosenberg-630 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

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This week we interview Simon Ree, Founder of Tao of Trading. We discuss successful trading strategies, options trading, inflation, the Federal Reserve, risk management, bull markets vs bear markets, and much more. This is a great interview into the mind of a successful Wall Street trader.

Join us for your favorite investing and personal finance podcast of the week.

For more information, visit the show notes at https://moneytreepodcast.com/tao-of-trading-simon-ree

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Megan Gorman | The Wealth Intersection

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We interview fix and flip real estate expert, Tony Javier, about his successes and failures, why he went Carleton Sheets style old school with his marketing, and what geographies are giving him the most opportunities.

Don't miss this great insight into fix and flip real estate done the right way.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter: https://twitter.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/fix-and-flip-real-estate-tony-javier

Anthony Coniglio is here today to talk about how you can invest in cannabis stocks! Anthony co-founded New Lake Capital Partners, a real estate investment trust (REIT) focused on the cannabis sector. Today he's here to discusses the complexities of investing in cannabis! He touches on the challenges and opportunities in the U.S. cannabis market, such as state-by-state regulations, federal restrictions, and evolving consumer preferences. There is potential for medical cannabis, but there is also need for more research to enable broader investment and growth in the industry. 

Today we discuss... 

• Anthony's 30 years of business experience, and how it led him to co-founding New Lake.
• How the cannabis market has garnered attention since Canada's legalization in 2018, with various investment opportunities emerging in both U.S. and Canadian markets.
• Investing in cannabis can involve direct plant-touching businesses (cultivators, manufacturers, distributors) or non-plant-touching businesses (ancillary services, real estate).
• Medical cannabis is supported by a majority of Americans, but research is hindered by its Schedule I status, limiting evidence on its efficacy.
• The Schedule I to Schedule III rescheduling proposal is still pending, with a hearing scheduled for December to address comments and opposition.
• The cannabis industry is highly regulated, with indoor cultivation facilities focusing on optimizing THC content.
• Consumer preferences are shifting towards edibles and drinks rather than raw flower, indicating potential growth areas in the industry.
• Hemp differs from cannabis mainly in THC content, and can be used for various industrial applications, including products with higher THC through legal loopholes.
• The cannabis sector faces challenges due to federal regulations affecting banking and investment, impacting liquidity and institutional involvement.
• There is a need for policy reform to enable better banking services and research opportunities, which could normalize the industry and recognize its significant employment impact.

For more information, visit the show notes at https://moneytreepodcast.com/invest-in-cannabis-stocks-anthony-coniglio-644 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance

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Today I'm joined by my good friend, The Tax Goddess to discuss the Profit First system. Shauna Wekherlien's background in helping people legally minimize taxes and maximize savings and focuses on the Profit First system, a financial management approach for businesses and individuals. We explain how this system promotes discipline by prioritizing profit before expenses. Shauna also shares strategies to reduce tax bills legally. Today we discuss...

• Shauna Wekherlein shares her work as a tax strategist, helping people manage money and keep it away from the government legally.
• The Profit First system is a simple financial framework for both businesses and individuals.
• Shauna explains the process of setting aside a percentage of revenue for profit before paying expenses.
• Profit First encourages using multiple bank accounts to separate funds for profit, taxes, and other expenses.
• Kirk shares his positive experience with the Profit First system, calling it life-changing.
• How the system is customizable, allowing users to start small and increase their profit percentage over time.
• Shauna emphasizes the importance of having a separate bank account for taxes.
• The value of financial strategies to reduce tax bills while still ensuring funds are available for payments.
• Shauna highlights how business owners and individuals can use the Profit First method to achieve personal and financial goals.
• The conversation covers common financial challenges like lifestyle inflation and debt, and how Profit First can help avoid them.

For more information, visit the show notes at https://moneytreepodcast.com/the-profit-first-system-shauna-wekherlien-654 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

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Follow on Twitter/X: https://x.com/MTIPodcast

Want to be a successful day trader? Think you have the chops to do it for a living?

This interview with Chris Tate gives you exactly what you need to be successful with his day trading secrets. We discuss the ins and outs of day trading for a living and the essential components for you to be successful.

We discuss what to trade (or not to trade), why magic systems don't work, how to size your positions, basics of trading, the importance of psychology, and some of his favorite books.

This is a must listen to episode if you want to know how the sausage is made with successful traders.

For more information, visit the show notes at https://moneytreepodcast.com/day-trading-secret-chris-tate

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Having a tough time throwing away all your extra junk... sorry - treasures?

You are not alone. Everyone else has this problem too. This is one of the reasons that the trend in self storage investing has been experiencing a great run over the past 25 years, outperforming many other real estate sectors. Are you investing in self storage units?

Kris Benson discusses what you are missing out with self storage investing and why you have not heard of these interesting trends in this space. Join us this week to learn why you should consider this sector.

For more information, visit the show notes at https://moneytreepodcast.com/272

When shopping for long term care insurance, what are the pros and cons to take into consideration? This is the first in a line of questions we answer from you - the listener.

Cheryl asks about the pros and cons of long term care insurance.

Dan is familiar with a Child IRA and wants the panel to talk about a Ricky Trust. They take it a bit further by discussing the benefits of investing at a young age.

David asks if there is any sense in timing the markets to take advantage of a probably drop. Or should he pay off his  mortgage early rather than invest?

Danielle wants to know what we think about consumer staple funds or ETFs.

Alex wants to know about Roth 401k versus traditional 401ks. Would it make sense to begin investing into the Roth 401k if they have been maxing out their traditional accounts at work?

Listen to the entire episode, and thanks to our sponsor: BUZZ Indexes

For more information, visit the show notes at http://moneytreepodcast.com/195

This week we interview David French about another advanced planning strategy for our series, Secrets Of The Rich Episode #12, Qualified Small Business Stock 1202. Sounds interesting? Yawn. 

What if I told you you could sell your business tax free up to $10 million (or more)... Now are you interested? Yes... Me too.

This is a great episode for business owners who are looking to save on taxes when they sell their business. Join us to learn about this elusive tax secret of the rich.

For more information, visit the show notes at https://moneytreepodcast.com/qualified-small-business-stock-1202-david-french

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Are you worried about risk in your portfolio? ​

If you are not worried about risk you should be. If you are worried about risk, this show will discuss how to think about risk management with your investments.

This week we discuss how to create a risk management process with 3 essential elements that many financial institutions miss. Kelly Coughlin refers to this as making sure your investments have TLC. Great tips from a former insider.

For more information, visit the show notes at https://moneytreepodcast.com/285

We interview Francis Gannon, one of the most well known small cap managers with a tremendous track record of success. We discuss where you can find value by investing in small cap stocks, the impact of inflation, investing internationally, and more. 

Dual Impact Funds is the sponsor of this episode. See https://moneytreepodcast.com/IQ-Dual-Impact-1 for more details.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter: https://twitter.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-small-cap-value-francis-gannon

Bob Elliott discusses how investing in hedge funds can be for everyone! Elliott highlighted the traditional "two-and-twenty" fee structure, common in hedge funds, private equity, and other alternative assets, which can significantly erode investor returns. His firm aims to replicate these strategies, including equity long-short and global macro, using advanced machine learning to infer hedge fund positions from return data, making them accessible at lower fees for the average investor. 

Today we discuss... 

• Bob's focus to bring low-cost indexing to the world of two-and-twenty, similar to the impact of stock and bond indexing.
• Hedge fund strategies, despite being expensive, offer good returns with lower volatility and drawdowns compared to stocks.
• Various hedge fund strategies include equity long-short, global macro, fixed income, and emerging market strategies.
• Real-time performance data helps in understanding and replicating hedge fund strategies.
• The current economic cycle is income-driven rather than credit-driven, making it more durable to rising interest rates.
• Overvaluation and high expectations suggest that now may not be the best time to invest heavily in stocks.
• The similarities between the current period and the 1970s highlight the importance of diversified portfolios.
• Factors like de-globalization, geopolitical tensions, and inflationary pressures could influence future economic dynamics.
• Volatility in market expectations and the reality of economic conditions contribute to the current buoyant market despite high interest rates.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter/X: https://x.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-hedge-funds-bob-elliot-632

Have you ever wanted to start a fund of your own? We discuss how to start a fund with Bridger Pennington. It is a lot easier than you think, but not simple. You need to do your homework.

This is a good insight into how funds work and some steps you can take to set up your own fund.

For more information, visit the show notes at https://moneytreepodcast.com/learn-how-to-start-a-fund-to-grow-your-wealth

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Kelly Coughlin from EverydayCPA.com helps us understand investing from an owner/operator aspect, plus shares the 3 Stages when starting a successful business.

For more information, visit the show notes at http://moneytreepodcast.com/how-to-invest-in-a-business-with-kelly-coughlin

For more information, visit the show notes at https://moneytreepodcast.com/fioneers-slofi-make-your-life-better

Have you noticed that Active investing tends to underperform? 

This is one of those non-secret secrets. What is not typically known is why this is the case. Most people claim it is due to fees, but this is not true. Fees only contribute to part of the tracking error. This week's Wall Street Secret dives into why this happens and what you can do to prevent it in your portfolio.

For more information, visit the show notes at https://moneytreepodcast.com/active-investing-underperforms-timothy-baker 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

 
Follow on Facebook: https://www.facebook.com/moneytreepodcast
Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast
Follow on Twitter: https://twitter.com/MTIPodcast
 

This is one of Kirk's favorite asset classes. Learn why he loves investing in tax liens and you should too.

Industry insider, Joanne Musa, talks about why investing in tax liens is a secret way to wealth. We discuss where you can find the best tax liens, the best states to consider, the risks and rewards, what you need to know to be successful, and why some of the largest Wall Street banks don't want you to know about it.

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-tax-liens-joanne-musa-tax-lien-lady

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Milind Mehere joins us this week from Yieldstreet. We discuss why he started the platform and what is accomplishes that others do not.

If you want to know more, join us this week where we dig deep to find out if its right for you.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection
• Douglas Heagren | Pro College Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

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For more information, visit the show notes at https://moneytreepodcast.com/yieldstreet-milind-mehere

This week we interview Lynette Zhang about investing in precious metals, the great reset, globalization of the 1980s, currencies, and more.

If you are worried about the future of the global economy, then join us for a conversation about important topics that could help you navigate the next 10 -20 years.

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-precious-metals-lynette-zang

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Douglas Heagren | Pro College Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter: https://twitter.com/MTIPodcast

Did you know that most of global growth beyond 2020 is not coming from US, Europe, Japan, but rather from these emerging markets?

Most people are scared to invest outside their home country. It is called home country bias. Investors around the world have this same bias. However we want you to move beyond your comfort zone to look outside your home country at where the growth is happening for the next 80+ years.

We interview Kevin Carter and discuss emerging market investing and where he sees value in the world today.

For more information, visit the show notes at https://moneytreepodcast.com/emerging-market-investing-for-2020-and-beyond-locating-opportunities-with-tremendous-growth-potential

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

We discuss essential lessons of investing in US financial history. We dive deep into lessons that all investors need to know. Big trend changes are coming and you need to be prepared. Paradigm shifts... Debt Jubilee... Growth Challenges... and more.

Join us for an interview with Mark Higgins, who is a market historian and student of financial history.

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-us-financial-history-mark-higgins

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on X (formerly Twitter): https://x.com/MTIPodcast

We're spending time answering your listener questions about investing! Picture diversification like a balanced diet for your money, protecting against market surprises. Learn from mistakes to avoid emotional investing pitfalls. Doug warns about missing out on employer perks, while Barb stresses portfolio balance.  Follow these tips for savvy investing and financial advice!

Diversify investments across various assets for stability
Learn from emotional investment mistakes to avoid chasing returns
Utilize employer retirement plans for long-term growth
Regularly review and adjust portfolios to align with goals
Make informed decisions regarding student loan debt and education expenses
Prioritize diversification and informed choices in financial planning
How to access your risk tolerance

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Douglas Heagren | Pro College Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on Twitter/X: https://x.com/MTIPodcast

We reveal the next hot trend and cover all the hot topics. We discuss free speech, political violence, and how bad ideas are necessary to recognize good ones.

Additionally, we talk discuss energy consumption, the increasing demand driven by AI and the need for clean energy solutions like nuclear power. We also discuss the growth in data centers and the importance of investing in energy and technology sectors to address these trends. 

Today we discuss... 

• Recent events including a Trump rally and an assassination attempt.
• Emphasis on the rejection of violence regardless of political affiliation.
• Importance of staying and engaging in political discourse rather than leaving.
• Free speech and the importance of hearing both good and bad ideas.
• The Biden administration's bill to expedite nuclear power plant regulations.
• Highlighting the energy consumption of AI compared to Bitcoin and the potential issues it causes.
• Investment opportunities in nuclear energy and data centers.
• Historical trends in energy consumption and the rise of renewable energy.
• Mention of technological advancements and their impact on energy needs.
• Discussion on the rapid growth of AI and its implications for energy consumption.
• Emphasis on the need for strategic solutions to meet growing energy demands.

For more information, visit the show notes at https://moneytreepodcast.com/next-hot-trend-627

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Follow on Twitter/X: https://x.com/MTIPodcast

Money Honey Rachel Richards retired at age 27 with a $15,000 per month passive income stream. Do you feel lazy yet? I know I do after hearing that.

Find out how she did it and how you can too. Don't worry if you are 28, 35, or 60 years old, the principals she talks about are just as applicable at age 60 as they are at 25. Learn the secrets to her success on this week's show.

For more information, visit the show notes at https://moneytreepodcast.com/money-honey-rachel-richards-passive-income

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

We have a special question and answer show this week with Shane Dillon as our guest to discuss financial independence.

Shane wrote a finance book while biking across Europe and lives a lifestyle most people dream of in an unconventional way.

For more information, visit the show notes at https://moneytreepodcast.com/258

You should love your debt.

That's the message from Leslie H. Tayne, Esq., a debt resolution attorney.

She explains some of the technical issues that exists with debt, but also dives deep into the mindset of how debt can impact more than just your finances.

You will also learn about the signs for when you might consider contacting a debt resolution company or service in today's episode.

For more information, visit the show notes at https://moneytreepodcast.com/245 

Learn how real estate investors can save on taxes and get tax credits for their investments. This week we interview Bobby Thames on tax credits, tax incentives and cost segregation.

If you own real estate and you have not considered this, you need to listen to this episode.

For more information, visit the show notes at https://moneytreepodcast.com/cost-segregation-bobby-thames

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

The market's going up and someone has to be to blame! This week we help you understanding the complex forces driving the market highs in 2024. We delve into the trends of the market and various forces at play, seeking to provide listeners with a deeper understanding of the market dynamics. In this episode, we discuss: 

• Fragility, resilience, and anti-fragility are concepts discussed in various contexts.
• Efficiency-focused systems can become fragile and vulnerable to unforeseen events.
• Fragility occurs when short-term risk elimination increases long-term vulnerabilities.
• Resilience entails fortifying oneself against adversity, preparing for challenging times.
• Diversification in investment portfolios is vital for resilience, mitigating risks from asset overexposure.
• Understanding investments and avoiding overly risky portfolios ensures long-term financial stability.
• Rising interest rates and inflation pose concerns for investors, impacting the economy and personal finances.
• How you can have a more balanced perspective on the market and the current state of political opinions.
• Managing debt, especially credit card debt, is crucial as rising interest rates may strain finances further.

For more information, visit the show notes at https://moneytreepodcast.com/market-going-up-595

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management

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Are you looking for the next big trend?

Are you looking to invest in environmentally green energy before everyone else?

We dive right into this big energy trend that almost no one is talking about. We interview Scott Melbye about investing in uranium, nuclear energy, the next generation of technology, how you could have clean nuclear energy in your own home, and why the risks of the past are no longer an issue. Scott also talks about his genius way to invest in this trend while mitigating most of the commodity prices issues.

Dual Impact Funds is the sponsor of this episode. See https://moneytreepodcast.com/IQ-Dual-Impact-1 for more details.

For the show notes, visit https://moneytreepodcast.com/investing-in-uranium-scott-melbye

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter: https://twitter.com/MTIPodcast

Did you know your brain is broken? Today you find out why! In this episode we talk about coffee and humor and of course the stock market. We get into some deep stuff about cognitive dissonance and how it messes with our heads. Of course the conversation reroutes to investing. You gotta stay flexible and open-minded with your strategies. It's all about rolling with the punches and being willing to adapt, you know? 

Today we discuss: 

• How history can't be viewed through the same lens as the present; it's a different time period.
• The understanding of science evolves over time; what was once believed as truth may be debunked later.
• Investing strategies, like buy and hold, may not always be effective and require flexibility.
• Cognitive dissonance affects how people process conflicting information and form new realities.
• How regularly evaluating investment decisions is essential to adapt to changing market conditions.
• Sentiment in markets can shift unpredictably based on perceived threats or opportunities.
• How the top five careers of millionaires as presented by Dave Ramsey's survey may surprise you!
• We also answer a listener question!

For more information, visit the show notes at https://moneytreepodcast.com/your-brain-is-broken-605

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Follow on Twitter/X: https://x.com/MTIPodcast

Most people think picking an advisor means finding someone who can pick the best investments.

Joe Saul-Sehy, one of our regular panelists, used to be a financial advisor. He can testify that being a great advisor requires the ability to help clients discover and work on their goals - not just manage their investments.

Join Linda, Doug, Miranda and Joe as they discuss how to identify a good financial advisor, what the difference between an advisor and a Certified Financial Planner is, and how you can be a good client.

For more information, visit the show notes at http://moneytreepodcast.com/176

Can a demographic have such an impact on a national economy that it keeps interest rates low?

Will the end of a "global savings glut" force interest rates to go up?

What will this mean for inflation?

Our guest, Will Denyer, explains how three decades of investing by Asia's population helped keep interest rates low, but how it all could change once they begin taking money out for their retirement.

For more information, visit the show notes at http://moneytreepodcast.com/178

Another Fed meeting and another disappointment for someone. We look at the CPI numbers and then the Fed decision to pause on rate hikes and it make me scratch my head in confusion. They say they are worried about inflation, and maybe raising rates 1-2 more times this year, yet inflation is dropping quickly, the economy seems to be fine and interest rates are higher than they have been in 20 years. 

Are we living in the twilight zone, Alice and Wonderland, or fantasy land. it's not entirely clear, but one thing is clear... The Fed is determined to squash inflation no matter what. 

If they keep on this path, it leads to deflation, which is another boogieman they are afraid of. We will see which monster under the bed they are afraid of most. Both are bad choices, but they cannot sit this one out. 

I'm still sticking to my claim that we could hit 0% inflation by year end. We are halfway through the year and accelerating towards that number. I might hit the target earlier than expected.

Join us this week for another exciting episode about what the end of world looks like. Don't hate us for being optimists 🙂

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Phil Weiss | Apprise Wealth Management

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This former school teacher went from a -$250,000 negative net worth to a net worth of over 50 million dollars by day trading stocks.

This week we interview Jason Bond about how he turned his financial life around by trading stocks and teaching others his secrets. Jason talks about his mentors, his favorite investing styles, what he thinks about penny stocks and more.

For more information, visit the show notes at https://moneytreepodcast.com/252

This is a special interview this week where Barbara Friedberg interviews our host, Kirk Chisholm, about the top conservative options strategies that can be used to generate additional income for your portfolio. Options may be foreign to you, but these strategies pack a punch when you are looking for managing your risk, generating additional income or protecting your positions in a rocky market.

For more information, visit the show notes at https://moneytreepodcast.com/conservative-option-strategies-kirk-chisholm 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on Twitter: https://twitter.com/MTIPodcast

Happy New Year... 2024 started with a meh... but this week we discuss what this slow start means for the rest of 2024. Join us to see what the markets will do in 2024.

And if me telling you what the future holds excites you... I have this beautiful bridge that I'm selling for rock bottom prices.

For more information, visit the show notes at https://moneytreepodcast.com/2024-started-with-575 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on X (formerly Twitter): https://x.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/jeff-kleintop-schwab-2022

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on Twitter: https://twitter.com/MTIPodcast

Peter Berezin is here today to discuss the global meltdown that is coming! The chief strategist at BCA Research discusses the potential for an upcoming U.S. recession. Peter predicts that a recession could lead to a significant market crash, even without deep economic downturns, much like the 2001 recession. He also touches on inflation, budget deficits, and the government's ability to counteract economic downturns. 

Today we discuss... 

• Predictions of a US recession to start later this year or early next year, contradicting the expectation of a soft landing.
• Economic insulation from job openings and excess pandemic savings is depleting, cooling the economy.
• Real estate markets, including commercial, residential, and single-family homes, look worrying due to high vacancy rates and rising delinquency.
• Small regional banks could face problems due to their exposure to commercial real estate, potentially leading to a steady stream of bad news.
• During a recession, Berezin expects opportunities to buy solid companies at a discount, particularly in tech and healthcare.
• Inflation is expected to stay under control over the next 12 months due to a weakening economy, falling job openings, and lower wage growth.
• Peter explains that printing money to finance fiscal deficits can be inflationary, particularly when unemployment rises and fiscal spending increases.
• The large US budget deficit is troubling, especially as counter-cyclical fiscal policy might be limited during future economic downturns.
• Concern about the continued printing of money in bad times, potentially leading to economic imbalances like income inequality.
• Raising taxes is suggested as a possible path forward, though political challenges could impede this.
• Tax increases are likely if certain tax cuts expire, with potential cuts to defense or social spending as other budget-balancing measures.
• Concerns about worsening fiscal scenarios prompt the idea of hedging with TIPS and gold.
• Global markets, especially outside the U.S., are seen as more attractive due to valuation gaps, with emerging markets managing inflation better recently.
• Commodities, particularly metals, are seen as benefiting from the green energy transition, while oil demand may decrease.
• Gold is positioned as a hedge against geopolitical volatility and long-term inflation, though rising bond yields have made it less attractive recently.
• Bitcoin is unlikely to become a central bank asset due to its anonymity and governments' need to monitor and tax transactions.

For more information, visit the show notes at https://moneytreepodcast.com/global-meltdown-peter-berezin-646

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter/X: https://x.com/MTIPodcast

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on X (formerly Twitter): https://x.com/MTIPodcast

This week we discuss tax lien investing opportunities with Joanne Musa, the Tax Lien Lady. 

There are enormous potential gains in in tax liens if you know where to look. We discuss where to look in this episode. Wall Street has squeezed most of the profits out of tax liens, but they have missed a few areas and that is where you need to look.

We outline that for you here on this episode.

For more information, visit the show notes at https://moneytreepodcast.com/tax-lien-investing-with-the-tax-lien-lady-joanne-musa

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

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Follow on Twitter: https://twitter.com/MTIPodcast

We had a lot of fun this week discussing the deflationary housing crash and the US losing its reserve currency status. Should you be afraid? Should you celebrate? I guess it depends on which bobble head on TV you prefer.

None of it matters.

We will discuss what does matter and how it affects your money. 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Follow on Twitter: https://twitter.com/MTIPodcast

This week we interview Wes Moss about the Happiness Retirement Project. We discuss a lot of research data on people who are the happiest in retirement. If you think you know about happiness in retirement, you haven't seen anything yet. 

I learned a lot in this interview and will be applying much of the knowledge to my own practice. Join us this week for your own happiest retirement.

For more information, visit the show notes at https://moneytreepodcast.com/happiness-retirement-project-wes-moss 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on Twitter: https://x.com/MTIPodcast

Raw land. Is it the undiscovered country of the investing world?

Mark Podolsky shares his experience buying, selling, and leasing raw land as an investment.

Unlike buying traditional real estate, purchasing raw land doesn’t require a lot of money. Mark outlines a process of looking for lots with unpaid property taxes, purchasing the lots, and then offering them to people who live along the plot line.

The key to a successful raw land purchase is to do the research and due-diligence needed to make sure you have a clear title or other obstructions to a hassle-free transaction.

After Mark’s interview, the panel discusses other thoughts behind investing in raw land - and the pitfalls you need to be aware of.

For more information, visit the show notes at http://moneytreepodcast.com/224 

2023 is almost over and we only had one bank crisis. It is a miracle there were not more this year. However 2024 is shaping up to produce a potentially massive banking crisis on the scale of 2008.

A 2024 bank crisis would surprise a lot of people, but at the same time everyone saw it coming and did nothing.  Why? Good question. This has the making of the next black swan. Much like 2022 when the markets immediately dropped  on the first day of trading. People just decided that it was time. Time will tell for 2024.

Also in the news... The last US treasury auction yielded poor results when no one showed up. Yields are not dropping like many predicted. And next year should be interesting.

For more information, visit the show notes at https://moneytreepodcast.com/2024-bank-crisis-555 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on X (formerly Twitter): https://x.com/MTIPodcast

Have you been over paying for your homeowners insurance?

Would you even know if you were?

We interview industry insider Sean Harper about how he is innovating the homeowners insurance industry to reduce your costs by taking a different look at how the insurance companies calculate risk. Did you know these insurance companies are using the same methods from decades ago even though technology has allowed them to be more efficient?

This insider interview has given me a lot of interesting insight in an industry we don't think much about, but should.

For more information, visit the show notes at https://moneytreepodcast.com/homeowners-insurance-sean-harper

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Follow on Facebook:
https://www.facebook.com/moneytreepodcast

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Follow on Twitter: https://twitter.com/MTIPodcast

This is the second bonus episode in our Beware of Inflation series where we discuss the impact of inflation on different assets and aspects of your life. This episode we discuss the impact of inflation on cryptocurrencies.

Do you think cryptocurrencies are a good hedge against inflation? The results may surprise you. We have some assets that are great hedges against inflation but for different reasons than you think.

For more information, visit the show notes at https://moneytreepodcast.com/impact-of-inflation-on-cryptocurrencies-gold-cash-bonus-episode

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-dividend-stocks-austin-graff

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

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Follow on Twitter: https://twitter.com/MTIPodcast

Richard Duncan is back to share the concept of a U.S. sovereign wealth fund, an idea to drive national economic growth through large-scale public investment in emerging industries and technologies. Recent bipartisan support from both the Trump and Biden camps highlights growing momentum for this initiative, and Richard thinks it could accelerate technological breakthroughs in fields like AI, quantum computing, and biotech. Such a fund would not only help reduce the national debt but also bolster U.S. competitiveness against China’s rapid advancements in technology and defense. 

Today we discuss...

• The concept of a U.S. sovereign wealth fund, a proposal he has supported for years as a means of boosting national economic growth.
• Concerns that government programs already incentivize private sector growth, like R&D tax credits and preferential funding, but face inefficiencies.
• How a U.S. sovereign wealth fund would act as a venture capital source for private companies, similar to successful models in Singapore.
• How under-investment could allow China to become the dominant superpower, citing parallels to Europe's unpreparedness for Hitler’s rise.
• The effects of inflated debt and the fragility of the U.S. economy, highlighting government intervention as a key reason it hasn’t collapsed.
• If credit contracts, a recession could turn into a depression, risking significant economic instability.
• Each time private sector defaults threaten contraction, such as in 2008 and 2020, government intervention prevents economic collapse.
• Advocates of austerity overlook that spending cuts can cripple consumption, investment, and job creation, leading to economic decline.
• The speaker argues that large-scale investment, rather than austerity, is essential for growth and national security.
• America's economic resilience stems partly from government debt; alternatives could risk societal collapse.
• Future U.S. prosperity and competitiveness, especially against China, depend on substantial investment in science and technology.
• The risk of economic misallocation, using overemphasis on pharmaceuticals as an example.
• Balancing private sector decisions and government financing could ensure effective investment in essential industries.
• The U.S. must innovate in energy, particularly nuclear and fusion, to meet growing demands from sectors like AI.
• America's past reliance on globalization reduced inflation, but future economic stability may require adapting to changing global conditions.

For more information, visit the show notes at https://moneytreepodcast.com/sovereign-wealth-fund-richard-duncan-656 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

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Follow on Twitter/X: https://x.com/MTIPodcast

Have you ever thought how cool it would be to win 100 million+ in a lawsuit so you never have to work again? Ya me too.

Fortunately there is a way to make money from someone else's lawsuit without going to court.

This week we dive into Investing Secrets of The Rich Series (Episode #11): Litigation finance

This investing secret for the rich is so secret that even some of Wall Street's Smartest investors are not aware that this is possible. We interview one of the industry's insiders to learn more about how this works.

For more information, visit the show notes at https://moneytreepodcast.com/litigation-finance-jay-greenberg

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Don't Fight The Fed... How many times have we heard that phrase.

Yet people never seem to listen. This week Powell said get out of my way. I'm fighting inflation like Volker. Inflation (via CPI) is still high at 7.1% but lower than last month and lower than expected. But still a far cry from the 4.25-4.5% Fed funds rate. 

The market got the message on Thursday and Friday. Looks like the Santa Clause rally is turning into a lump of coal.

Join us for some eggnog and cookies as we celebrate this episode with some updated inflation data and juicy insight into the markets and economy.

For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-dont-fight-the-fed-461

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Taylor and his wife are pursuing Financial Independence by saving 40 percent of their income every year.

As they got raises and increased their take-home pay, they kept expenses low so they could increase their savings to 70 percent.

Learn some of the frugal habits they continue to use and about picking individual stocks.

For more information, visit the show notes at http://moneytreepodcast.com/frugal-your-way-to-financial-independence-with-taylor-the-fi-guy 

This is one of the best inflation episodes ever. We discuss tons of mental models about how to think about investing.

We also discuss the meltdown right before our eyes, which no one seems to be noticing. And once again real estate.

Lastly, we share some advice for one of the best sage investors that even Warren Buffett cannot avoid reading.

For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-soft-landing-473

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Tim Baker joins us to talk about about this crazy new bull market... that virtually no one believes is in a bull market. We discuss this and what this means for investors.  We also discuss global inflation and how international inflation relates to the US.

For more information, visit the show notes at https://moneytreepodcast.com/crazy-new-bull-market-515

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Tim Baker | Metric Financial

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This is another one of our well-known mindset episodes for how to think about investing. Kirk and Doug rip apart some commonly "known" principals of investing that you see everyday in the investing community.

If you didn't know any better you would think the investing community was a bunch of fortune telling gypsies. Maybe they are... It would explain all the tarot cards I found laying around in the CNBC greenroom.

Join us this week to hear us once again give you a peek behind the curtain.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
Kelly Coughlin | Everyday CPA

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Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management

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We have an honest discussion about gold this week with an honest gold dealer. Yes I know its an oxymoron, but we get the real scoop about what you should look out for and how you should look at investing in gold for your portfolio. We discuss what kinds of coins you should consider... and more importantly, which ones to avoid. Gold, Silver, Platinum, Palladium, Rhodium, and more.

For those of you who missed Freedomfest 2021 in July, Rich was my debate partner with the famous Gold vs Bitcoin Debate. I think we won. What do you think?

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-gold-richard-checkan

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Are you looking to profit from the 5G  revolution which is changing the future of technology?

Have you considered cell tower leasing as a way to generate passive income from your real estate? 

We interview Hugh Odom this week about the future of cell towers, 5G, and how you can profit from the growth in this sector.

For more information, visit the show notes at https://moneytreepodcast.com/hugh-odom

Are you worried about the stability of the US?

Do you wish you had a plan B just in case things don't work out?

Well here is one solution...

This week we interview Mike Cobb from ECI Development. Mike is an expert in investing in international real estate. He has been traveling and investing in properties in Central and South America for over 26 years. He has seen it all and made all the mistakes you don't want to make.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection
• Douglas Heagren | Pro College Planners

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Follow on Twitter: https://twitter.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-international-real-estate-mike-cobb

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection
• Douglas Heagren | Pro College Planners

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Anne Lester is here to discuss the retirement solutions and challenges that are facing each generation. Ann shares insights into the challenges of saving for retirement, influenced by her personal experiences as a former "terrible saver." There is a lot the anxiety surrounding retirement savings, the pitfalls of focusing on "the number," and the importance of understanding personal spending flexibility and failure lines. Ann discusses generational differences in retirement preparedness and highlights strategies for building retirement savings, such as saving future raises and adjusting spending priorities. 

Today we discuss...

• How Anne helped create the JP Morgan Smart Retirement Target Date Fund.
  Retirement challenges, including income uncertainty and spending in later life.
• Understanding personal "failure lines" and acceptable lifestyle adjustments.
• Generational wealth differences, with Gen Z and Millennials saving more early.
• The importance of employer-sponsored 401(k) plans for wealth building.
• Younger generations face challenges saving for retirement but are encouraged to stay the course for long-term stability.
• The housing market imbalance is influenced by limited supply, high prices, and generational trends in homeownership.
• Starter homes are increasingly unaffordable, forcing many young buyers to rely on financial help from family.
• The housing market could improve in 5-10 years as demographics and housing supply gradually shift.
• Multifamily housing and smaller new builds are growing trends, potentially offering more affordable options for buyers.
• Behavioral economics and AI have the potential to assist individuals in managing spending habits and savings strategies.
• Credit availability and understanding its consequences play a significant role in financial outcomes for younger generations.
• Boomers struggle with transitioning from saving to spending in retirement, often leaving unused funds.
• Generational differences in attitudes toward spending, saving, and credit reflect diverse economic experiences.
• Future perspectives on bonds may involve alternative strategies as economic conditions evolve.

For more information, visit the show notes at https://moneytreepodcast.com/retirement-solutions-anne-lester-662

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Jeff Hulett | Finance Revamp

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Are you worried about inflation? You are not alone. most people are worried about all the money printing from the Federal Reserve. We interview Nancy Davis about an interesting new tool to manage portfolio risk.

Have you hear of using interest rate volatility as a risk management tool? We discuss this, Inflation, how to manage your fixed income exposure with low interest rates, and more.

For more information, visit the show notes at https://moneytreepodcast.com/interest-rate-volatility-inflation-nancy-davis

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

The most common question we have been receiving here on the show is, how long will inflation last? You will not be surprised that we have the answer for you on this episode.

This week we discuss when inflation will end, updates on economic numbers, when inflation will increase, and how you can protect yourself.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Why do we have inflation? I'm sure you have heard about 100 reasons why this is happening, yet none of them make sense to you. We are in a paradigm shift and most people will not realize this for at least another year. 

In this episode we discuss what is inflation, why do we have it, how does this effect your real estate, should you buy real estate, and more...

For more information, visit the show notes at https://moneytreepodcast.com/why-do-we-have-inflation-bonus-episode-beware-of-inflation-3

Charles Goodwin is here to talk about how to broaden your investment portfolio with fix and flip real estate. Charles discusses how he transitioned into real estate investing and acquired around 50 single-family homes. He shares insights on the current real estate market, skepticism about lower rates, and predicts a slow grind towards affordability. 

Today we discuss...

• Charles Goodwin shares his background in finance, tech sales, and real estate lending, now serving as VP of Sales overseeing $6.5 billion in loan origination.
• He started investing in real estate after seeing family success and recognizing its potential as a wealth-building tool.
• The real estate market remains highly unaffordable, and Charles expects a slow grind with flat prices due to interest rates and supply constraints.
• The "lock-in effect" has kept inventory tight, as homeowners hesitate to sell and trade low mortgage rates for higher ones.
• Without a major economic event, he expects home sales to recover slowly over a five-year period rather than a quick turnaround.
• Mortgage rates remain high, driven by inflation expectations and bond market movements, with no return to 3-4% rates likely.
• The bond market's recent divergence from Fed policy shows that long-term rates can rise despite Fed cuts, affecting mortgage affordability.
• Fix-and-flip and rehab opportunities vary by region, with stronger markets in the Midwest and Sunbelt states, while Florida and Texas face challenges.
• Midwest markets like Cincinnati and Indianapolis offer better affordability, making them attractive for both flipping and rentals.
• Private lending has gained traction as banks and credit unions have pulled back, fueling continued investor activity.
• Charles remains cautiously optimistic, emphasizing that real estate cycles take time and affordability is the key factor shaping future trends.

For more information, visit the show notes at https://moneytreepodcast.com/fix-and-flip-real-estate-charles-goodwin-688 

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

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Linda P. Jones feels the financial industry hasn't done a good job getting women interested in investing like it has for men. But what's the real harm?

Linda shares reasons why it's important for women to become a "Wealth Heiress" so they don't outlive their savings and she gives clear direction with helpful tips in her new book "You're Already a Wealth Heiress! Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now".

For more information, visit the show notes at http://moneytreepodcast.com/205

This week we interview Eric Schoenstein about picking high quality value stocks in a volatile environment. The nature of the stock market has changed recently and most people have not noticed.

Eric explains the tools necessary to not only survive in this market but thrive. Its a good time to brush up on your value stock investing.

For more information, visit the show notes at https://moneytreepodcast.com/quality-value-stocks-eric-schoenstein

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

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Follow on Twitter: https://twitter.com/MTIPodcast

Join us this week as we discuss global macro strategies for 2024. We discuss the 2024 election & Outlook - will the election have an impact on markets? geopolitical impact? World stability? Econ stability- factors for better or worse?

We discuss Russia, China, mid east, oil gold, bonds, partisan change in 2024, US political strategy vs geo political strategy, trade war w China, globalization vs deglobalization. --> hypo-globalization. inflation price collapse? Disinflation 1980-2020, China slowdown, and more.

For more information, visit the show notes at https://moneytreepodcast.com/global-macro-strategies-for-2024-matt-gertken

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management
• Tim Baker | Metric Fin

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Miranda sits down with Lorraine Ell, CEO and Senior Financial Advisor at Better Money Decisions, about ways to find and identify the right financial advisor for you.

Are there clear signs for when you need to seek the advice of a financial advisor?

You want to find an advisor that does comprehensive planning, not just one who looks at your retirement savings.

Does your financial advisor help you to understand the investing options and financial decisions placed in front of you? Lorainne Ell says an advisor should be one who explains and educates.

Lorraine released a book to show the common investing financial planning pitfalls, and how to avoid them in “Bozos, Monsters, and Whiz-Bangs: Bad Advice From Financial Advisors and How To Avoid It”.

For more information, visit the show notes at http://moneytreepodcast.com/192

A special presentation of MTI Panelist Joe Saul-Sehy's podcast, Stacking Benjamins, which originally aired on December 4, 2017 at https://www.stackingbenjamins.com/building-wealth-faster

We interview Kevin Simpson about his expert strategy of covered call writing and dividends to generate enhanced yield for investors who are frustrated in this low yield environment. This is a great tool for people to understand and add to their toolbox. We also discuss how to hedge your portfolio in times of market volatility.

For more information, visit the show notes at https://moneytreepodcast.com/covered-call-writing-kevin-simpson

What you don't know about your employee benefits could be costing you $100,000 or more.

We discuss the important of employee benefits with Natalie Pine.

She tells us how some obscure parts of the tax code can save you a lot of money in taxes and why if you don't talk to your employer about a "total compensation statement", you could be leaving a lot of money on the table.

Do you have a total compensation statement for your job?

For more information, visit the show notes at https://moneytreepodcast.com/importance-of-employee-benefits-and-why-you-need-to-look-beyond-your-salary

For more information, visit the show notes at https://moneytreepodcast.com/prolific-investor-chris-odegard

^{Today's Panelists:}

• ^{Kirk Chisholm | Innovative Wealth}
• ^{Barbara Friedberg | Barbara Friedberg Personal Finance}
• ^{Megan Gorman | The Wealth Intersection}

Insider Trading may not be what you think it is. But it is clear that there are rules to follow when certain knowledge is obtained when it comes to buying or selling stocks.

When you see people get shares inside their own company and they immediately sell. This is not illegal, and could be used as an indicator in your decision to buy or sell.

We also talk about stock buybacks, following the Consumer Confidence index, and how you can read various indicators.

For more information, visit the show notes at http://moneytreepodcast.com/218

Some of the best hedge funds use a global macro trading strategy to beat the markets. Alex explains how he is able to use this strategy to understand the world better and manage risk.

He discusses how he reacted to March 2020 and how he is positioned for the increased volatility in the markets today.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Megan Gorman | The Wealth Intersection

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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For more information, visit the show notes at https://moneytreepodcast.com/global-macro-trading-alex-gurevich

Today's Panelists:

• Kirk Chisholm  |  Innovative Wealth
• Barbara Friedberg  |  Barbara Friedberg Personal Finance
• Megan Gorman  |  The Wealth Intersection

Kevin Quigg describes the differences between ETFs, mutual funds, and the type of person who would benefit from hedge funds.

Exchange Traded Funds (ETF) is traded during the day, just as a single stock would be.

Mutual funds are typically bought directly through the mutual fund manager. The price is determined by the net asset value of the securities held within the fund at the end of the trading day.

Kevin Quigg describes hedge funds as different from ETFs and mutual funds as “sharp tools rather than dull instruments”. He goes on to explain that hedge funds are only available to qualified investors…those who have met certain requirements and proven themselves to be able to truly understand the amount of risk they are taking.

There are also numerous restrictions with hedge funds. Listen to Miranda’s interview with Kevin Quigg and then the discussion our roundtable has immediately following.

For more information, visit the show notes at http://moneytreepodcast.com/216

Happy Independence Day! I hope you all took some time off and spent it with family and friends. I personally took time off and then the stock market did this weird thing. We will talk about that and other important things on another awesome episode of Money Tree Investing Podcast. 

For more information, visit the show notes at https://moneytreepodcast.com/stock-market-did-this-519

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Learn more about the 6 Pillars of building wealth from Michael Zhuang:

Wealth preservation, tax mitigation, asset protection, and more.

For more information, visit the show notes at https://moneytreepodcast.com/255

Kip Meadows joins us to talk about how ETFs are constructed.

He explains that an ETF is a type of mutual fund that trades like a stock. While mutual funds aren’t technically traded until the end of the day, ETF transactions can be conducted during intraday trading.

“They’re organized in a structure that allows buying shares in an underlying portfolio. That's why you go through an exchange because you have to to go through a broker dealer in order to purchase an ETF. The broker-dealer will purchase the shares in the underlying ETF and the broker-dealer is who keeps up with how many shares you own. The broker-dealer then handles the accounting to show you how many shares you own - which is different than an open-end fund where the transfer agent for the open end fund directly carries your shares at the fund.

They're created the same way as any sort of registration with the Securities and Exchange Commission - you have to file the registration to become effective, and once it’s effective then you can purchase those shares through the broker-dealer.”

Then our panel gets into a discussion about alternative medicinal ETFs and who’s getting into marijuana stocks.

For more information, visit the show notes at http://moneytreepodcast.com/219

This week we discuss one of the big political footballs, debt forgiveness of the cost of college. Should we forgive the cost of college or not?

Don't miss my rant on this topic.

We also discuss the housing crisis, are 0% down payment mortgages a good thing, and the value of HOPE. Who said HOPE is not a strategy...

I guess it was me...

But this is a different type of HOPE.

Join us this week to see how HOPE can help you.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on Twitter: https://twitter.com/MTIPodcast

For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-clean-energy-vs-dirty-energy 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

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Follow on X (formerly Twitter): https://x.com/MTIPodcast

Historically, every time the yield curve inverts, a recession follows, but don't fret just yet, this could be correlation, not causation. Recession tends to follow when the yield curve reverts back to normal after inversion, rather than during the inversion itself. The Federal Reserve's themselves and their actions have impacted the yield curve over the year and shifts in banking behavior can slow the economy. Changes in economic conditions and market behaviors suggest a potential recession is forthcoming, but don't panic yet, you can't predict the market.

Today we discuss... 

• The inverted yield curve occurs when short-term interest rates exceed long-term rates, which is generally considered abnormal.
• The Fed's recent rate hikes caused the short end of the yield curve to increase sharply, resulting in an inversion.
• Banks are less likely to lend during periods of an inverted yield curve because lending at a lower rate than they borrow leads to losses.
• Changes in how money is created may alter the predictive power of the yield curve inversion as a recession indicator.
• Household allocation to stocks has recently hit an all-time high, indicating extreme market complacency.
• Fixed income, traditionally seen as a conservative investment, became the worst-performing asset class in 2022 due to interest rate volatility.
• Many investors may be unaware of their true risk tolerance, having not experienced significant capital loss since the 2008-2009 financial crisis.
• Risk in investing includes not just losing money but also the loss of time, as shown by the S&P 500's negative performance from 2000 to 2013.
• Confidence in the American Dream has significantly eroded since 2012, with fewer people believing hard work will lead to success.
• Credit card defaults are reaching record highs, surpassing previous peaks seen during the dot-com bubble and the financial crisis.
• U.S. government spending is projected to increase significantly, with 87% allocated to interest expenses, Social Security, and healthcare.
• Food prices have reached new highs, contributing to financial stress for consumers.
• The cost of U.S. federal debt interest has skyrocketed, reaching $1.1 trillion annually, or $3 billion per day.
• There is concern that the Federal Reserve is not truly independent, with its actions influenced by government, banks, and other powerful entities.

For more information, visit the show notes at https://moneytreepodcast.com/inverted-yield-curve-641 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Jake focuses on dividends. Should he invest in a single REIT and reinvest dividends until retirement?

This is just one of the questions we tackle from our listeners on today's Money Tree Investing Podcast.

For more information, visit the show notes at http://moneytreepodcast.com/191

We had a lot of fun on this episode. The best part was at the end of the episode where we discussed one of the biggest open secrets on Wall Street. I knew about this 20+ years ago, but most people don't know this.

We discuss the soft earnings season and what you should expect from the rest of the earnings season. Also how to see through the news to know what is really going on. Join us for this fun episode to learn more about the Wall Street Circus.

For more information, visit the show notes at https://moneytreepodcast.com/earnings-soft-landing-499-deflation 

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter: https://twitter.com/MTIPodcast