Best economic expansion in 10 years
longest economic expansion
the longest bull market on record in LENGTH not by total percentage of return
1. energy independent
2. technology continues to advance while investors are becoming smarter
3. the dollar is in a great spot
4. seeing expansions
How familiar are you with the holdings in your portfolio
There is a correlation between knowing what you own and why you know it AND your ability to stick to a process
July 9, 2019
Talking the clarity roadmap
Many advisors don’t know how to show the value they are providing in a quantitative way
Are you paying other peoples taxes and you’re not even realizing it?
Are your investments pooled?
mutual funds, ETF, etc
fund owns a lot of different positions, but you as an investor don’t own them directly
This causes a lack of flexibility and transparency
June 27, 2019
Active vs passive investing
Investopedia definitions
passive: when a fund manager tries to mimic a fund
active” tend to have “gig fews” and recent research has questioned their ability to outperform the market
an extremely skewed definition
Can you put a value on the “fees” you pay
Nepsis doesn’t use benchmarks or publish returns
Don’t buy historical returns
do you know how returns were achieved
Do you know how much risk?
Benchmarks
if you don’t know how a benchmark is structured you should not compare apples to orange
Investors are focused on the cheapest option
Parabolic move:
stock prices go through the roof
Many investors don’t do as well as they could
investors doing the best they can has nothing to do with returns
June 26, 2019
Talking new tax laws
Traditional IRA
allows you to save money for retirement
reduces taxable income
grows tax deferred
BUT the taxes are still there when you want the money
NOT tax free - directly
to manage how much income they are taking from their IRA they take it bit by bit to minimize cost
Inherited IRAs do not have bankruptcy exceptions
Beneficiaries in a trust are based on how the trust allocates the IRA
Trusts
Taxed extremely quick
Easy to reach the top tax bracket
Leaving your IRA over to a trust can really backfire
Roth IRA
Money goes in and gets taxed right away, then grows tax free
Rather conversions can be a tool
Having an advisor is a critical component to understanding everything that is going on
June 20, 2019
Chuck Etzweiler on Radio
Talking interest rates
Significant pull back in the last quarter of 2018 that affected interest rates
All time high (3.23%) in october
went to 2.13%
looking at change in percentage that is insane
How does a bond appreciate?
it is like a teeter tatter
bond values go up and down based on the present of the bond
adjustments of the value of the bond are affected when it comes to interest rates in order to be competitive
Have to be VERY careful buying bonds right now
pretty risky buying bonds right now
Bonds can be more risky AND more volatile than stocks!
Strategies are changing to tend to peoples investing needs
What is the risk to someone if they own a bond that has a negative yield?
you’re buying a bond and you’re lending money, you’re actually going to get LESS back then you started with.
you’re paying someone for the bond
June 12, 2019
The market has been a rollercoaster the last few weeks!
Which we love, volatility is a strategy!
Strategic Cost Averaging
the power of know what you own and why you own it.
Gives you better direction and better clarity in the decisions you make to invest
You do not invest in the stock market you invest in businesses
Going over the history of Nepsis, Inc.
Going over the LOI; what it means for Nepsis, Ecoark and Zest
We believe in diversification not over diversification, we believe in asset management, we believe in not one position makes or breaks your portfolio
Talking ecoark and Trend
The more you understand why you own specific businesses allows you the clarity to invest long term in quality companies
June 11, 2019
China trade war
Piggy backing off of Chucks discussion
Lots of cash still sitting on the sidelines
Time to get back to the basics!
buy and sell discipline
Am i on track for the financial future I want and are my investments doing the best they can
Being a long term investor in businesses allows us to buy companies on sale
Talking about the R's
Renters, risk, reliable and return benchmarks
portfolio holdings vs renters
Wallstreet prefers renters for more profit. more expensive to rent than to own
price swings vs risk
volatility creates the opportunity to invest in businesses on sale
predictions vs reliable
wall street wants to keep you worried and paying attention to the ups and downs of the market
return benchmarks vs asset allocation
the benchmark should be am i on track to have the future i want
How much money should you be saving? what is your risk tolerance
Owners, opportunistic, own terms
The 4 O’s:
View being an investor as being an owner
When there is volatility; the investor views that as opportunity
Onerous;
Own terms: investors view their performance for their won terms they eliminate the need to compare
May 22, 2019
Legacy discussion
some people don’t want to leave a numerical legacy
legacy planning is a huge part of an overall financial plan
Having a financial advisor, and planning for taking steps for leaving money to family or kids takes strategy
Estate planning, wills and trusts
what is the best? what does each require?
Designation of beneficiaries, name changes, update in family dynamics has to be discussed
You must fund the trust when you go to your attorney and start one!
document that is an entity that owns assets
in order for everything to be owned there has to be a title
getting things into your trust, first you must change the title on assets
Talk to your attorney further about this topic
What happens if you pass and you haven’t funded the trust?
legal process called probate
figures out who owns your stuff
setting this up ahead of time will helpers probate and eliminate that
things will be contested
May 9, 2019
Stock market is the greatest tool ever created to bring buyers and sellers together!
Why you should invest like warren buffet
The media makes investors believe they are invested in the “market”
you’re on invested in the market you’re invested in businesses
Risk is not knowing what you’re invested in!!!!
Business owners send to say the market is risky, and they would rather put money into their own business because then they would know where the money went
Yield, net return, instead of focusing on income
Focus so much on volatility!
Socialism vs capitalism
May 7, 2019
RMDs
consequences: there are taxes built in, you must pay a certain amount of tax
when you’re younger, you look at your tax bracket every year
how much money is your current income from the top of the bracket?
take that difference and put it in a Roth IRA (tax free on distribution and never subject to RMDs)
Talking about beneficiaries of investment accounts
distribution; what happens?
Strategies with inheritance that is important for clients to know
If you inherit an IRA… stop and call an advisor right away!
distributions can’t be undone
HOW do you save your money?
variables and strategies of saving
maximize turns and minimize risks
Discussing spousal rollovers
So much value in having an advisor who knows how to help you navigate these things
RMDs are significantly under discussed
What is a bene IRA?
how important is it?
If you’re 70.5 and you haven’t done anything about your RMDs you are stuck with a certain taxable amount
May 2, 2019
We don’t believe in comparing against indexes, and we believe in continually investing in great businesses
Last year or two many people have gone to cash
when do you “get back into the market”
DONE think that way!
Theres always a bull market somewhere! - Jim Cramer
Asset allocate and diversify so volatility is an opportunity!
Invest like a business owner
The industry tells you that volatility is bad and it causes you to lose money
Portfolio holdings
Greatest risks in portfolio? how do you view holdings in your portfolio?
Price Swings
How do investors view the ups and downs of prices of things in their portfolio?
Mutual funds can be extremely opaque
Predictions
How to investors view and predict predictions of the future
Performance
May 1, 2019
People spend more time analyzing why they should pay an advisor
Look at what they’re losing and not what they’re gaining
MP story about the conversation with referral:
pulled his money out of the market
“didn’t know if he could justify paying for a financial advisor”
believes he: doesn’t have to do much since he doesn’t have an elaborate plan
An advisor will help you keep on track to your goals
7 figure portfolio, and believes if he would have had an advisor he wouldn’t have pulled his money out
Indexes:
more important knowing the risks taken in your portfolio than comparing it to an index
Google announced earnings for the quarter
because of the size of google, it has a missive impact on the S&P
Chuck talks about the 4 Ps
Discussion on Risk with Chuck
fear and fear of missing out drive investors decisions
Never seen a portfolio go through the investment stress test and be appropriately allocated
April 30, 2019
