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Well Balanced | Financial Planning, Bucket-Based Investing, Market Perspective, Wealth Management. A passionate and entertaining look at money and investing in and for retirement. For those that enjoy podcasts like Smart Money, On Investing, and BiggerPockets, Well Balanced is worth adding to your feed. Disclosures about our firm and this podcast. Vector Wealth Management is registered as an investment adviser with the Securities Exchange Commission (SEC). Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Vector’s current written disclosure brochure filed with the SEC discusses among other things, Vector’s business practices, services, and fees, and is available through the SEC’s website at: www.adviserinfo.sec.gov. All content in this podcast is for information purposes. Opinions expressed herein are solely those of Vector Wealth Management, our staff, and guests. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed directly and in detail with your financial advisor prior to implementation. This podcast and related content are not intended to render personalized investment advice, nor should it be viewed as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities or strategies discussed. Please note that neither Vector Wealth Management nor any of its agents give legal or tax advice. The firm is not engaged in the practice of law or accounting. Charts, graphs, and returns do not represent the performance of Vector Wealth Management or any of its advisory clients. Returns do not reflect the impact that advisory fees and other expenses would on the results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client’s portfolio. All investment strategies have the potential for profit or loss. Past performance is not indicative of future performance. Visit vectorwealth.com/regulatory for the firms form CRS and ADV.
Episodes
Friday Feb 02, 2024
Friday Feb 02, 2024
In our latest podcast episode, we talk about the Federal Reserve's recent stance on interest rates, sparked by Federal Reserve Chair, Jerome Powell's remarks this week. Contrary to the anticipated rate cut in March, Powell suggested such measures might not be immediately necessary, stating, “We don’t have a growth mandate.”
The Fed’s comments have led to a recalibration of market expectations, underscoring the ongoing and significant influence that the Federal Reserve's outlook has on financial markets.
Our in-depth discussion touches on the broader economic context, particularly the U.S. debt situation. With the national debt at a staggering $34 trillion, we explore the challenges of refinancing a significant portion (~30% in 2024) of this debt in a potentially higher interest rate environment. This scenario is of interest (pun intended) given the recent uptick in Treasury borrowing costs and yields, which have risen from historically low levels in the past few years.
Our view: The anticipation of future rate cuts, even if delayed, remains a key factor in forward-looking stock markets, affecting stock volatility, bond yields, and investor sentiment.
Watch or listen to the full episode for more on the current economic and financial landscape. We spend time on the critical role of interest rates, market expectations, and the broader implications of the U.S. fiscal situation. Specifically: a projected one trillion dollars of interest payments currently expected in 2024.
Time Codes … Chapters:
00:16 … Fed Comments
01:52 … Pen Mightier Than Sword
03:22 … When Lower Interest Rates?
04:13 … Bi-Monthly Treasury Debt Auctions
06:28 … The Costs of Borrowing
09:10 … Treasury Credit Card
10:40 … The Risk-Free Rate
13:08 … Markets are Forward Looking
14:18 … After All Time Highs
16:01 … Politics 2024
16:55 … Price Swings Tend to be Clustered
Wednesday Jan 24, 2024
Wednesday Jan 24, 2024
Our Market Perspective this week covers several topics focused on markets and the economy. The timestamps and chapters listed below mark specific sections for easy access to topics. Otherwise, start from the beginning and enjoy a rich discussion of context and perspective.
Times and Topics
(minutes : seconds ... chapters)
00:10 ... Put me in Coach
01:23 … Market Update
02:00 … Q4 Performance
04:06 … Magnificent 7 & Breadth
07:47 … Interest Rates
13:45 … After High Rates
16:35 … Inflation & CPI
21:54 … Consumer Balance Sheet
30:09 … Election Years & Returns
33:47 … Time in the Market vs Timing Markets
35:19 … Levers & Outlook
38:57 … Regulatory Information
Please contact us at hello@vectorwealth.com or leave a voicemail at (612) 484-5399 about the show. Questions are welcome. We’ll aim to incorporate your feedback into future episodes.
This discussion was recorded on January 18th, 2024, with Vector’s Jason Ranallo, CFA® and Communications Director Ezra Firkins.
V24019089
Thursday Jan 11, 2024
Thursday Jan 11, 2024
Key Take Aways
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A concentrated position is when a single investment, often a stock, makes up more than 10 percent of a portfolio.
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Concentration introduces a risk factor to the portfolio where the loss-of-value in a single position could materially impact the overall performance.
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Selling a concentrated position may have tax consequences depending on the type of account where the investment is held.
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Charitable contributions, multi-year disposition planning, and option strategies may be considered to lower potential tax burdens.
*Individual circumstances may vary.
Vector's Joe Grochowski, CFP® and Jason Ranallo, CFA® discuss Concentrated Position inside a portfolio.
Visit our blog for videos and more: vectorwealth.com/posts/fyr-concentrated-position
Regulatory information at vectorwealth.com/regulatory
V24011088
Friday Jan 05, 2024
Friday Jan 05, 2024
Investors, broadly, make rational decisions sometimes. For all the other times, emotion plays a part. This is not new; this is part of the reason markets go through cycles. The image of a sine wave with its peak and trough can be a useful way to visualize the glory and agony of participating in financial markets. It's normal to feel a range of emotions as we internalize the performance of our portfolios.