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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 Mar 08, 2024
Friday Mar 08, 2024
In this week’s episode of our Market Perspective podcast, we dive into recent financial news and its implications on the economy.
We kick off the discussion with Federal Reserve Chairman Jerome Powell's recent comments on potential interest rates adjustments. Powell said, “When we do get that confidence, and we’re not far from it, it’ll be appropriate to begin to dial back the level of restriction.” Jason and Ezra discuss what this means for inflation and the overall market.
The spotlight then turns to Warren Buffett and his enterprise, Berkshire Hathaway, particularly focusing on the substantially high cash reserve of $167 billion reported in a recent shareholder letter. The dialogue explores Buffett's possible strategy of waiting for more opportunistic investments. We also draw analogies between Buffett's methods and the bucket-based investment strategies used by Vector. Our episode continues with a discussion on the importance of having bonds and cash-like assets for upcoming needs.
It's about being prepared and flexible.
Times & Chapters
00:46 - Market Perspective Introduction
01:16 - Powell's Remarks on Interest Rates
04:45 - Strong Job Market and Economic Tailwinds
05:06 - Soft Landing and Fed Speak
06:26 - Berkshire Hathaway's Cash Reserves
09:03 - Managing Investments for Rough Market Periods
11:37 - Rebalancing During Opportune Times
13:49 - Trade-Offs Between Cash and Investments
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vectorwealth.com/regulatory
V24068105
Friday Feb 09, 2024
Friday Feb 09, 2024
Sharon Calhoun, managing director at Vector, is joined by senior housing counselors Liz Rue and Lisa Woltrang from Folkestone, a senior living community in Wayzata. In this conversation, they emphasize the necessity of discussing transitions during times of calm rather than crisis, allowing for thoughtful decision-making.
According to the Administration for Community Living, 70% of adults over 65 will require long-term care at some point, with an average stay of 3.2 years in a senior living community. Liz and Lisa highlight that senior living isn't just about nursing home stays but encompasses a range of options for active, maintenance-free lifestyles. They emphasize starting the process early, exploring various communities to find the best fit, and preparing for potential future needs.
The discussion addresses the financial aspect, noting that senior living costs can range from $4,000 to $13,000 per month, depending on the level of care and services required. When thinking about a senior living community, Liz and Lisa suggest starting with what's important to the individual, such as proximity to family or community amenities, and then seeking guidance from housing counselors. The importance of experiencing different communities firsthand is underscored, as is the practicality of being on a waitlist without immediate financial obligation.
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Start Time ... Topic Title
00:09 ... Choosing a senior living community
00:40 ... Folkestone‘s Liz Rue and Lisa Wotrang
01:08 ... Who will require long term care
03:09 ... When to consider a senior community
04:21 ... Control over that part of your life
05:42 ... Full continuum of care
07:05 ... Where to Start
09:16 ... Feeling Well & Vibrant
10:47 ... Staffed 24 Hours a Day
11:49 ... Wait List
14:12 ... Start here, Move there
16:13 ... Financial Considerations
19:23 ... Contracts. When to get family involved.
21:40 ... Seriously, Start Early
23:51 ... About Presbyterian Homes
25:48 ... Additional Resources
27:20 ... Regulatory
About Liz and Lisa
Liz Rue and Lisa Wotrang are housing counselors for Folkestone, a senior living community in Wayzata which is part of Presbyterian Homes and Services. They assist those who are looking for senior living opportunities by offering education and resources to ensure the community aligns with the senior and their family’s needs and vision. They also support prospective residents and representatives through decision making process for the higher levels of care such as assisted living and memory care. Learn more by visiting the Presbyterian Homes website www.preshomes.org. Note: Vector Wealth is not affiliated with Presbyterian Homes.
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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.