PODCAST EPISODE 260: Short-Term Agnostic, Long-Term Optimistic

 

 

WHAT WAS COVERED

      • 00:00 – Episode begins Paul welcomes listeners.
      • 00:43 – Episode topic: Why you don’t move your money when things are volatile
      • 01:20 – Warming up with meme review
      • 04:05 – The problem of cultivating a short-term attention span
      • 06:20 – Charts and charting in financial analysis
      • 08:00 – Zerohedge Twitter account and the danger of trying to time the market based on charts
      • 09:55 – Harry S Dent and his history of incorrect predictions
      • 11:50 – Case review: a client exited the market against the advice
      • 15:00 – Investment vs gambling
      • 17:25 – What it takes to be a disciplined investor
      • 23:10 – More volatility to expect and what to do with it
      • 29:00 – Episode ends, thank you for listening.

 

[Tweet ““Anything worth saying can’t really be expressed on a bumper sticker and a bumper sticker never really expressed anything worth saying”. #YourBusinessYourWealth”]

[Tweet “The so-called School of Financial Analysis is essentially like reading the tea leaves where what the shape of the chart is suggests the future. #YourBusinessYourWealth”]

[Tweet “The key to avoiding high mortgage rates? Buying homes with cash” – It’s like saying the key to avoiding increasing gas prices is to sell your car and walk. #YourBusinessYourWealth”]

 

 

LINKS

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

SHARE THE SHOW

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

Click this link – Your Business Your Wealth

Click on the ‘Subscribe’ button below the artwork

Go to the ‘Ratings and Reviews’ section

Click on ‘Write a Review’

Full Episode Transcription


——————————————————————————————————————————-


 


This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.


Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.


This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.


Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:


yourbusinessyourwealth.com


© 2020 Sound Financial Inc. yourbusinessyourwealth.com


———————————————————————————————————————————


PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC