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This is a 20-min excerpt from the recent two-hour interview with Dr. David Wong, SnapHealth.com, and Dr. Ori Hampel, Docs4patientcare.org, updating what is happening with Obamacare and the coming economic and healthcare disaster.
I recently did an interview with Chris Baker and Dan Patrick on the Baker-Patrick Show on KSEV discussing the impact of the Fiscal Cliff to the economy and "why" Obama wants us to go over the Cliff.
It is time to put an end to the idea of "bullish" or "bearish" sentiment. Managing money is about managing risk and understanding the differences between the postive and negative trends of the market. Furthermore, wealth is not created by investing in the markets - it is created from saving. We cover the difference between speculating and actual investing in the financial markets and your future.
Recently on StreettalkLive we discussed the 2012 market rally and the need by investors to get into the market now. The answer is fairly simple - no. However, it leads to the actual issue that prevails over individuals that invest in the market.
There is a simple reason why people fail at investing over the long term - Emotions. Emotions cause investors to do exactly the opposite of what they should do - "Buy High and Sell Low". We recently penned an article on this topic call "Is Now The Time To Jump In" which covers this topic in more detail which is worth a read.
Recently on the show we discussed what the "BUY" signal means and how to approach it. We also discussed the importance of having a strategy and discipline in your investment process.
I was recently interviewed on the Kaplan-Kridel Radio show covering the recent releases of CPI, Keystone Pipeline, Eurozone economy and the recent Federal Reserve dollar swaps for European banks and finally jobs.
Recently Aaron called into the show asking about how to invest $5000. This is a very good primer on the basics of financial planning, what to save, how much to save and where to save it. There are no short cuts to building wealth. However, saving money regularly, protecting it from losses by investing wisely and conservatively and a long time frame is the only real way to accomplish wealth building.
Recently did an interview on the Eric Stewart show discussing the economy, consumers, real estate and the market in general.
Recently I spent a segment of the radio show addressing the reasons why you should never borrow against your 401k plan. While taking a loan out against your 401k plan can be a tempting proposition in tough times the reality is that it can hurt you worse in the long run. I explain why.
Last night I got a great question from a caller on the difference between hyperinflation and just inflation. I took a few minutes to explain the differences and how it will most likely affect the average consumer.
Now that summer is coming to a close we spend a few minutes discussing what the economic and market picture might look like for the rest of the year. While a lot depends on what is happening with the Federal Reserve in terms of more stimulus the outlook for the economy still remains weak.
With the collapse of the Philadelphia Fed Survey today and the rise in inflationary pressures the onset of a recessionary economy is likely without some type of bailout from the Fed or Washington. However, with the political debates hot over spending and deficits it is possible that whatever aid arrives might be too little to late.
The recent debate on the debt ceiling debacle took everyone's focus off of the real issue - the crisis in Europe and the impending recession in the U.S. We have been warning for the last month that this was the case and now the markets respond.
This morning on the Sam Malone show we discussed the reality of the Debt Debate situation and addressed some of the real issues surrounding the markets and your money.
On "The Sam Malone Show" I discussed the need for REAL tax reform rather than tax increases as it relates to solving both the revenue issue as well as helping to restore economic growth. Unfortunately, while the economy burns, Washington fiddles and is playing roulette with a dangerously weak economy.
While filling in for Sam Malone this morning we discussed the debt ceiling issue and the impact that a default would have on the economy.
The idea of selling something when it isn't working is revolting to investors very nature, it means they are a loser. This is absolutely the worst possible mistake an investor can make. In investing you have to get used to the idea of losses. They will occur as regularly as the sun rises and sets. The difference between a successful long term investor and an unsuccessful one really comes down to following these very simple rules. Yes, I said simple rules, and they are - but they are the most difficult set of rules for any one individual to follow because of the simple fact that they require you to do the exact OPPOSITE of what your basic human emotions tell you do - buy stuff when it is being liquidated by everyone else and sell stuff when it is going to the moon. Here are the rules - they are not unique or new. They are time tested and successful investor approved. Like Mom's chicken soup for a cold - the rules are the rules. If you follow them you succeed - if you don't, you don't.
In addition to today's financial blog post on this topic - here is the audio version covering the issue of the virtuous cycle of the economy and why, most likely, we are going to be depressed in the economy for longer than most expect. As voters go to the polls in next 18 months - most likely the message that will be sent to this and the incoming administration is that "it's about the economy, stupid!"
Lately there has been a tremendous amount of rhetoric on those evil, despicable big oil companies and the tax breaks they receive. Yes, they make a lot of money because everything that we touch, eat, see and taste at some point was affected by energy. However, the question is should we repeal their tax breaks simply because they are big? Or are there other companies we should be looking at? We delve into that issue.
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Fox 26: The Disconnect Between The Market & Economy
In an exlusive interview on Fox 26 with Jose Grinon and Melissa Wilson discussing the disconnect between the financial markets and the real economy. I recently discussed this idea in much greater detail in an article entitled "The Great Disconnect: Markets Vs. Economy" wherein I stated:
"So, while the markets have surged to "all-time highs" - for the majority of Americans who have little, or no, vested interest in the financial markets their view is markedly different. While the mainstream analysts...
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