RadioPete's Wealth Talk: Recent Episodes
Pete
Pete Williams, a licensed attorney and professional fiduciary talks about all aspects of estate management including: investment management, wills, trusts, probate, conservatorships, the economy, inflation, interest rates, government debt, social security, retirement plans, IRAs, income taxes, estate taxes and all things financial involved in the creation, protection and distribution of estates.
The Yield Curve in long and short treasury securities has garnered much attention in recent weeks. Here I introduce some basic concepts and I hope to provide additional commentary in future podcasts.
Douglas Hall, a commercial lending officer, walks us through some great tips for those who seek loans to expand their businesses.
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Bret Carter is a Los Angeles-based attorney who brings his expertise to the show to talk about the basics of estate planning. He shares some of his real-life practice tips to shed light on a sometimes-confusing topic.
Bret's contact information is as follows:
Bret Carter, Esq.
Clark & Trevithick
445 South Figueroa Street, 18th Floor
Los Angeles, California 90071
213-629-5700
bcarter@clarktrev.com
This episode is an Introduction to Estate Planning. It will be followed by a conversation with a California attorney who will go into more depth about how such planning actually works.
This episode explains the oft heard comment when apparently good economic news sends that stock market down. Somewhat counter-intuitive but this can happen for a variety of reasons. I talk about in this year, any good news about the economy is going to embolden the Federal Reserve to raise interest rates. The Fed wants to raise interest rates to choke off inflation and it wants to do this during a relatively strong period as it knows that high interest rates during a weak economy can be devastating. High interest rates cause capital assets (at least capital assets that produce some sort of income) to go down.
So....when we hear good news for the economy, the stock market interprets that as a rise in future interest rates which means a decline in capital assets.
By now, many of us have heard that we are in a bear market. Last week, the Standard & Poor's 500 Index registered a drop of more than 20% from a recent high - the technical definition of a bear. What does it mean? How long do bear markets last? How should we "play" the bear?
I'm going to suggest things are not as bad as they may seem. I will show that stocks have always come back - though not necessarily quickly and not without pain. Of course, this time may be different; but, I will assume that things will recover at some point.
I look back at average lengths and depths of bear markets. Averages, of course, are just that - our current experience could be much worse or much better than average.
I will suggest using the "Four R's": Relax, Review, Re-Balance, Repeat.
This initial podcast is an introduction to the RadioPete's podcast and it's host, Pete Williams.
RadioPete's Wealth Talk is about all things Wealth - from wealth accumulation (financial planning), wealth preservation (retirement planning) and wealth distribution (estate planning).
Pete is a California Professional Fiduciary licensed with the California Professional Fiduciaries Bureau and a California licensed with the California State Bar Association. He has been involved in many aspects of wealth management over his 40+ year career.
His blog can be found on RadioPete.com and his business can be found on PeteWilliamsFiduciary.com.
This is a short ("micro") podcast in which I discuss the so-called "Fed Put" which has made the recent cycle in financial news. Here are some key takeaways:
- The "Fed" in "Fed Put" is, of course the Federal Reserve which has the job of, among other things, tinkering with interest rates to get the economy "going or slowing"
- Since the mid-1980's the Fed has lowered rates many times to ward off a perceived or real economic disaster. (There are some who believe that these episodes are actually caused by the Fed's misapplication of their tools; but, let's not go there in this podcast).
- Lower interest rates lead to higher stock prices.
- The Fed has had a tough time reversing course and raising rates.
- The fed has been criticized for paying too much attention to the stock market and not doing what's right by the economy.
- The Fed Put refers to the perception that the Fed will bail out bad investment decisions.