Shows
The Business BrewConsuelo Mack - Host of WealthTrackConsuelo Mack stops by The Business Brew to discuss her career in financial media. Consuelo hosts the show WealthTrack, a show Bill has watched and/or listened to for years. This conversation will help Consuelo's fans understand more about her early career and how she developed WealthTrack.
Bill was very happy Consuelo said yes to coming on the show. His only regret is messing up Ed Hyman and Ed Yardeni in the conversation. He hopes both Eds forgive him.
We hope you enjoy the conversation!
2024-05-241h 04
WEALTHTRACKRising Markets: All The Reasons To Be BullishAll The Reasons To Be Bullish - This Week on WEALTHTRACKRemember the discussions about the shape of the economic recovery? Would it be a “V”, a “W”, or maybe even a hockey stick?
The jury might still be out about the economy, but as far as the markets are concerned there is no question. V’s abound.
The top five S&P 500 companies by market capitalization - Apple, Amazon, Microsoft, Google’s parent Alphabet, and Facebook - all but the last topping a trillion in market value, are sharply higher.
It is no surprise to...
2020-09-1026 min
WEALTHTRACKEconomic Opportunity = Common Sense - Some Revolutionary IdeasOne of the biggest issues to emerge from the pandemic is income inequality. It has become even more pronounced as millions of low-income workers lose their jobs and the much smaller number of high-income workers keep theirs and benefit from a powerful bull market.
This week’s guest is on a crusade to change this dynamic, by giving opportunities to lower-income individuals and their families to achieve economic success.
He is Great Value Investor and Financial Thought Leader Joel Greenblatt. He has a new book Common Sense: The Investor’s Guide To Equality, Opportunity, and Grow...
2020-08-0826 min
WEALTHTRACKCrisis Investing: How To Handle The ExtremesWe are in a rolling economic crisis right now, subject to the vagaries of the advance or retreat of the COVID-19 virus. It is an ever-changing scenario with stark winners and losers.
The economy contracted at an annualized rate of 32.9% in the second quarter, the sharpest decline in the 70 plus years of GDP tracking.
After several weeks of improvement, jobless claims for first-time unemployment benefits rose for the second week in a row. 17 million Americans are now collecting unemployment benefits.
So far, the markets have been betting on COVID’s retreat and global eco...
2020-08-0125 min
WEALTHTRACKSafe Haven Investing in the Bond MarketSafe haven investments are hard to find these days, which is why we need them more than ever.
We are faced with risks we haven’t experienced in living memory. A truly global and spreading pandemic, rolling government lockdowns, unprecedented involvement in securities markets by the Federal Reserve and other central banks, and massive stimulus from governments with payments to individuals and businesses.
Normally when corporate and government debt soars to record levels bond markets get nervous, bond prices fall and interest rates rise as investors worry about getting paid back.
Not in to...
2020-07-2526 min
WEALTHTRACKGold as a Long Term Substitute for Cash: Pandemic Uncertainty RisksThere are a few moments in one’s lifetime when the geopolitical and economic backdrop truly changes. COVID-19 and its aftermath are one of those moments. I call it “The Pandemic Pivot”.
The combined shocks of a highly contagious and in some cases deadly virus, global economic shutdown, rising populism, and global unrest are upending the old world order and introducing new disruptive dynamics yet to be fully realized.
In the meantime each of us has to live our lives, do our work and plan and invest for the future as best we can.
This...
2020-07-1826 min
WEALTHTRACKGreat Investor Bill Miller’s Bullish CasePart Two: We are living in extraordinary times. We are calling it the Pandemic Pivot: the changes that have occurred or accelerated because of COVID-19 and the dramatic response to it, from economic shutdown to massive life support. The stock market performance has been largely driven by a small group of well-known mega-cap tech stocks which explains the NASDAQ and S&P 500’s stellar performance and the lagging broader markets. Apple, Microsoft, Google’s parent Alphabet, Amazon, and Facebook make up 40% of the NASDAQ’s market capitalization and 20% of the S&P 500’s. Is the stunning rally off of the recent...
2020-07-1126 min
WEALTHTRACKWhat The Pandemic Has & Has Not ChangedWe are marking the start of this season with the introduction of a new series. What we are calling the “Pandemic Pivot” - the rapid economic, market, and geopolitical shifts we are experiencing during the global health crisis. Through lockdowns and re-openings, the changes have been dramatic and swift. The huge, largely government-induced shutdown of global commerce ended the record-breaking economic recovery and the bull market in the U.S. The massive monetary and fiscal stimulus in response led to the shortest bear market in history and what could turn out to be the briefest recession ever - the jury...
2020-07-0429 min
WEALTHTRACKThis is a Bear-Market Rally, Life Has Changed & “Homebody” Investments Will FlourishOne of the striking financial characteristics of this pandemic stricken world has been the extreme divergence between the sickening economic reality on the ground and the out of this world exuberance in the stock market, which started long before now when businesses are slowly and sporadically being allowed to reopen.
This week’s guest’s interpretation of the data is the polar opposite. He has widely followed economist, David Rosenberg, President, Chief Economist and Strategist at Rosenberg Research & Associates,
Last week, in Part I of our interview, he told us the economy was already going into...
2020-06-2026 min
WEALTHTRACKWhy Nothing Will Be NormalIn the first of a two-part interview, Influential economist David Rosenberg explains why “nothing is normal” after the COVID-19 pandemic. This is a picture that Rosenberg has been painting ever since the pandemic hit. And well before that he was deeply concerned about the economy’s weakness and the stock market’s vulnerability.
Dave Rosenberg is President, Chief Economist and Strategist at his independent economic consulting firm Rosenberg Research & Associates which he launched early this year with the stated priority of “…providing investors with analysis and insights to help them make well-informed investment decisions.”
He is known for h...
2020-06-1326 min
WEALTHTRACKFinancial Impact of Past Pandemics – Important Lessons for TodayThe impact of past pandemics on the U.S. economy and markets has important lessons for today says financial historian Richard Sylla, as does the record growth in both monetary and fiscal stimulus.
More info: https://wealthtrack.com/the-financial-impact-of-past-pandemics-has-important-lessons-for-today-says-historian-richard-sylla/
Reading List:
“Pandemics and Epidemics: Financial and Economic Effects” : https://www.moaf.org/publications-collections/financial-history-magazine/133/_res/id=Attachments/index=0/Pandemics%20and%20Epidemics.pdf
Alexander Hamilton on Finance, Credit, and Debt: https://amzn.to/3dzvrfh
Alexander Hamilton: The Illustrated Biography: https://amzn.to/3cwM7mh
A History of Interest Rates...
2020-06-0631 min
Women Investing Network Podcast77: Consuelo Mack WealthTrack PBS, The Wall Street Journal ReportConsuelo Mack of Wealth Track on PBS joins the show today to elaborate on the effects of the non-discriminatory Coronavirus. She expects to see two economic waves from this, and the second has yet to hit. Find out where she, unlike many others, recommends that you invest. Key Takeaways: [1:30] Yes, this pandemic is non-discriminating, but a great takeaway is how lucky we are in America. Now is a time for most to reevaluate their personal, and professional lives. [4:00] Expecting two waves in the economy. First, the shock and stop. Second, the aftershock and te...
2020-06-0527 min
WEALTHTRACKInfluential Economist Paul McCulley on the Lasting Necessity of Record Monetary & Fiscal StimulusCentral banks and governments around the world are pulling out all the stops to replace income lost from COVID-19 shutdowns, including as we have seen in the United States direct payments to individuals.
We are devoting a WEALTHTRACK podcast this week to “Helicopter Money”, a concept coined by Nobel Prize-winning economist Milton Friedman who theorized that as a last resort in a deflationary depression the government could drop dollar bills from a helicopter for people to pick up and spend to “shock it out of a deep slump” with the “aim of boosting demand and inflation.”
That theor...
2020-06-0236 min
WEALTHTRACKReally Cheap Markets and the Pandemic’s Hidden Toll With Financial Thought Leader Rob ArnottCan investing be simple? With the 20/20 vision of hindsight it sure looks that way. Had investors just decided to stay in the U.S., invest in growth stocks, especially mega-cap tech stocks they would have hit the trifecta over the last decade or more.
Has the COVID-19 pandemic changed that formula for success? It has not. If anything it seems to have accelerated and accentuated it.
The extended FAANG family known by the acronym FAANGM for Facebook, Amazon, Apple, Netflix, Google’s parent Alphabet, and Microsoft recently comprised close to 24% of the total market cap of...
2020-05-2625 min
WEALTHTRACKBad Economy Getting Better but Fears a Damaging 2nd WaveNo doubt about it. The stream of economic news is terrible. The pandemic induced shutdown of much of the U.S. economy, Europe and other countries has resulted in stunning declines in employment, income, sales, earnings, government revenues, and overall economic output.
This week’s guest has been following and cataloging all of the economic and policy developments since the beginning of the pandemic and joins us with a summary and update on what it means for the overall economy, businesses, consumers, and investors.
We are delighted to welcome Ed Hyman back to WEALTHTRACK to sh...
2020-05-1626 min
WEALTHTRACKCovid-19 Is Changing Economic & Investment Behavior in Profound & Lasting WaysHow different will our world be as the nation slowly returns to work on a state by state, city by city, business by business basis?
In part II of our interview with financial thought leader, Jason Trennert, the Co-Founder, Managing Partner, and Chief Investment Strategist of leading macro research firm Strategas Research Partners he addresses the profound changes ahead.
Trennert believes the COVID-19 experience and its economic aftermath will alter the behavior of countries, individuals, businesses, and investors for many years to come.
He shares his assessment of the pandemic’s potential long-term wi...
2020-05-0926 min
WEALTHTRACKThe Bullish vs. Bearish Cases Mid Shutdown: Investment Strategist Jason TrennertThis week’s guest was concerned about high market valuations before the global pandemic hit and was recommending clients raise some cash. It’s a call he and his team have reiterated since.
He is Jason Trennert, Co-Founder, Managing Partner and Chief Investment Strategist of Strategas Research Partners,
Trennert and his team have been busier than ever assessing the macro effects of the pandemic shutdown including policy, the public, and private sectors of the economy and the markets. In a recent report to clients, Trennert laid out the main arguments in the bull vs. bear debat...
2020-05-0225 min
WEALTHTRACKWill the Massive Policy Response Halt the Global Economic Freefall?We are witnessing massive policy responses of historic proportions. The fiscal and monetary reaction to the COVID-19 shut down of economies around the world has been unprecedented in its size and speed. How effective will it be and who stands to benefit from the stimulus? Who is at most risk of being left behind?
We have measured answers from a major player in resolving the Global Financial Crisis a decade ago. John Lipsky, who was the First Deputy Managing Director at the IMF from 2006-2011 during the height of the crisis joins us with his in-depth analysis o...
2020-04-2542 min
WEALTHTRACKExpect More Economic & Market Damage as Pandemic Repercussions Multiply Says Investment VeteranWhen economies started shutting down in various parts of the world we all knew that the economic numbers would be bad. How could they not be? We are just now getting some measure of the initial damage in terms of unemployment, business activity, and earnings.
For some longer-term perspective on the economic and financial damage we are experiencing and some investment guidance I reached out to a trusted source for some advice. Nick Sargen, now Senior Economic Advisor at Fort Washington Investment Advisors, who has 50 years of experience as an international economist and global...
2020-04-1826 min
WEALTHTRACKSurprising Retirement Planning Essentials From Diet to Advisor Credentials From Two Retirement ProsRetirees and near-retirees have suffered a punch to the gut and their portfolios with the coronavirus induced shutdown of the economy and the massive and precipitous market decline. After a decade which resulted in longevity records being set by both the economic recovery and bull market this black swan event was a stunner which requires a reassessment and regrouping of life plans, particularly for seniors.
The most important actions we can take are to have a plan to protect what we have, live within our means and limit the drawdowns from already battered portfolios. How d...
2020-04-1125 min
WEALTHTRACKStaggering NumbersOne of the biggest trends in investing in recent years has been the migration of investment dollars into exchange-traded funds and out of traditional mutual funds. The numbers are staggering.
This week’s guest had the foresight and guts to get involved in ETFs in their early stages and more recently cryptocurrencies which are still in their development phase. We are going to get his update on both. He is Matt Hougan, Global Head of Research at Bitwise Asset Management, a cryptocurrency asset manager. Hougan describes it as the “crypto equivalent of an S&P 500...
2020-04-0427 min
WEALTHTRACKCrisis Investment PerspectiveLife can change in a New York minute, and it has. The world is going through a terrible experience right now. As President Trump has said we are at war with an invisible enemy. I would add it’s an enemy that can strike anyone, anywhere which makes it so unsettling.
The coronavirus is upending lives and societies. The steps we are taking to combat it are harsh, isolating, and damaging psychologically, emotionally, and financially. Everyone is affected. Many Americans are losing their paychecks and jobs for an indeterminate amount of time. Some are in dan...
2020-03-2826 min
WEALTHTRACKThis is bigger than the financial crisis & it’s wise to raise cash says T- bond guru Robert KesslerThe markets will fluctuate said J.P. Morgan. We will add they can fluctuate dramatically and quickly. We are now living that reality daily.
The longest bull market in U.S. history, which began in March of 2009 saw stocks reach new highs in February only to plummet this month at historic speeds and magnitudes. The bull market officially ended on March 11th and the bear market began with a 20% plus decline in major markets from their previous highs. Since then the bear market has been deepening.
The longest economic recovery in U.S. history is a...
2020-03-2126 min
WEALTHTRACKBullish on ChinaBefore the coronavirus crisis, Matthews Asia’s Robert Horrocks was bullish on China’s investment prospects. He believes China’s stock markets are getting back on track to outperform in the years ahead.
WEALTHTRACK #1636 published on March 04, 2020.
More info: https://wealthtrack.com/china-coronavirus-aftermath/
"Current Conditions Call For a Long-Term Focus" : https://us.matthewsasia.com/perspectives-on-asia/market-updates/matthews-asia-perspectives-view/article-1708/Current-Conditions-Call-for-a-Long-Term-Focus.fs
2020-03-0525 min
WEALTHTRACKCoronavirus & The Markets (February 2020)Fears of a coronavirus induced hit to the global economy and corporate earnings drove stock markets into official correction territory today. It takes a 10% decline from the previous high to meet that definition and the Dow, S&P 500 and NASDAQ all exceeded that standard today after relentless selling this week.
For institutional investors, who are frequently judged on quarterly performance the safest course of action from a short-term performance standpoint is to sell first and ask questions later. Individuals are under no such pressure. As frequent WEALTHTRACK guests and The Wall Street Journal’s “The Intelligent Investor” columni...
2020-02-2820 min
WEALTHTRACKFilling in the Retirement Income Gap With Insurance Expert Kim LankfordThe reality is most Americans have not met their retirement goals. Here are some findings from a recent Fidelity Investments Retirement Mindset Study which surveyed adults of all ages, both male and female. Eighty-two percent of the general population don’t have a retirement plan in place.
It’s not as if Americans aren’t worried about retirement. They are. Seventy-five percent feel only somewhat confident to not confident at all about their retirement finances.
What worries people the most about retirement? Economic concerns that can’t be predicted and are out of their control. The next...
2020-02-2225 min
WEALTHTRACKNon-consensus Value Investing With Ariel Investments’ Rupal BhansaliIn the current market cycle dating from 2009 coming out of the great financial crisis:
- Equities dominated bonds and commodities.
- The U.S. trumped international.
- Growth outpaced value.
- And large U.S. tech companies dominated just about every sector and security.
As in previous bull market periods, money flows to the best performers and flees the laggards. This record-setting U.S. bull market has also accentuated the attraction of index investing, as mutual funds and ETFs based on the S&P 500, in particular, have been among...
2020-02-1525 minWEALTHTRACKBig Idea Companies Disrupting Industries Globally - Top Growth Manager Alex Umansky Focuses on ThemWhen you are hot you’re hot and this week’s WEALTHTRACK guest has been on a tear since launching his Baron Global Advantage Fund in 2012. Alex Umansky is new to WEALTHTRACK but he is a seasoned investor with an outstanding track record.
Prior to joining Baron, Umansky spent 18 years at Morgan Stanley where he ran global and international funds as well as the firm’s Institutional Technology Strategy and Technology Fund. Umansky has a degree in finance, information systems and mathematics from NYU’s Stern School of Business and was a computer programmer early in his career.
2020-02-0825 minWEALTHTRACKA Game Changer for Market Leadership Creating New Winners and Losers – End of GlobalizationAre we witnessing the end of globalization, the dominant trade and economic force of the last quarter-century? That is what financial thought leader Richard Bernstein is suggesting to clients. In a recent report, aptly titled: Investing for December 31, 2029 -The End of Globalization, he makes his case. And yes, he is talking about 2029!
As he notes in his report: “Market leadership always changes decade by decade, and the leadership of the past decade, which are now lauded as ‘core investments,’ seem highly unlikely to be the leadership of the next decade.” If he is correct, which he has been fre...
2020-01-2525 minWEALTHTRACKMega investment trends influencing markets with Great Global Investor Bill WilbyAs we enter a new decade what are some of the major changes we face as investors? For answers, we are asking a global investor known not only for his past performance but also for identifying big themes that can have an outsized influence on the financial markets.
He is great investor Bill Wilby who has appeared with us exclusively since his retirement from professional money management over a decade ago.
He was the Portfolio Manager of the award-winning Oppenheimer Global Fund a graduate of West Point, Wilby also has a Ph.D. in International...
2020-01-1825 min
WEALTHTRACKGet Your Financial House in Order With Personal Finance Guru Christine Benz’ Financial To-Do List!At the beginning of every new year or at tax time when I am under the IRS deadline gun, I vow this year is going to be different and I will finally get organized and make decisions over time instead of at the last minute.
For the second year in a row, we have invited one of our favorite guests who is very knowledgeable and organized to join us. She is Christine Benz, Morningstar’s personal finance guru.
She writes daily personal finance columns for Morningstar, does interviews and podcasts and is the author of se...
2020-01-1125 min
WEALTHTRACKPowerful Narratives: Stories Propelling Economies and Markets in 2020Happy New Year and Happy New Decade! What will the 2020s bring? As J.P. Morgan famously said: “Stocks will fluctuate.” In 2019 they fluctuated mostly higher and the U.S. was still the place to be. Tech giants such as FANG’s Facebook, up 56%, Google’s parent Alphabet, up 29% and Amazon.com up 23% propelled the NASDAQ 35% higher. The S&P 500 rose nearly 27% and the Dow Jones Industrials advanced over 22%, all trading in record territory.
It was pretty much a year for stocks all over the world, which is, of course, bringing the doomsayers out in droves. An excellent...
2020-01-0434 minWEALTHTRACKEasy Money, China Slowdown & Brexit Are Transforming the Global Economy & Investment ChoicesSince launching WEALTHTRACK in 2005 we have asked economic legend Ed Hyman to share his new year forecast with us, which he has done pretty much exclusively since the beginning. We also invite a leading portfolio manager to join him. For the fourth year in a row, First Eagle’s Matthew McLennan is doing the honors.
This week we are presenting the second of our two-part series focused on the global economic and investment outlook. In case you missed it, we tackled the 2020 prospects for the U.S. economy and markets last week which you can see on WE...
2019-12-2825 minWEALTHTRACKPositive 2020 outlook for US economy says Wall Street’s #1 Economist Ed HymanEvery year at this time we are delighted to welcome Wall Street’s long-reigning number one economist, Ed Hyman to share his outlook with us. And we always pair him with a leading portfolio manager with a global investment view. For the fourth year in a row, our choice is First Eagle’s, Matthew McLennan.
In the first of this two-part series on the Outlook for 2020, our focus is on the U.S.
Last year Hyman correctly forecast the now record-breaking economic recovery would continue and that a recession was several years away. We’ll find ou...
2019-12-2125 min
WEALTHTRACKAmerica’s Do-It-Yourself System Is Failing Many Retirees. Answers From Two Retirement ExpertsThere is a retirement crisis in this country. It is becoming more apparent as 10,000 baby boomers turn 65 every day. A recent Wells Fargo survey found that more than eight in ten current retirees fund their retirement primarily with Social Security, or a pension; just 5% do so from personal savings such as an IRA or 401(k). Seven in ten retirees say they would have “no idea what they would do” without Social Security.
Contrast them with younger generations who expect savings to be the top source of their funding; 45% of millennials say they must rely on IRAs or 401(k)s...
2019-12-1425 min
WEALTHTRACKSlowing Economies & Record Levels of Debt Are a Dangerous MixLast week’s podcast with influential and outspoken economist David Rosenberg generated a tremendous amount of traffic and comment. We are running part 2 this weekend.
Rosenberg had been predicting the end of both the record-breaking U.S. recovery and bull market this year. Needless-to-say it hasn’t happened, and he is the first to admit he missed this year’s impressive run in large-cap stocks as a result. However, his recommendation to own long-term Treasury bonds has paid off. Year-to-date the 30-year has delivered about a 20% return.
Rosenberg who is known for seeing emerging economic patter...
2019-12-0725 min
WEALTHTRACKMounting Recession Signs: Prescient Economist David Rosenberg’s WarningsInfluential economist David Rosenberg lays out a persuasive case for the end of the record-breaking economic recovery in part one of a two-part WEALTHTRACK conversation.
WEALTHTRACK # 1662 published on November 27, 2019.
2019-11-3022 min
WEALTHTRACKIs Corporate America’s Focus On Profits The Problem With Capitalism? Two Entrepreneurs RespondDo corporations need a new purpose? Does the free enterprise capitalist system need a major overhaul or a tune-up?
We have two guests with strong views on the topic. Ken Langone is Founder, Chairman, and CEO of Invented Associates. He is Co-Founder of the Home Depot where he was Lead Director and a member of the executive committee of its board from its founding in 1978 until 2008. He is a noted philanthropist and the author of I Love Capitalism!: An American Story.
He is joined By David Gardner, the Co-Founder, and Co-Chairman of The Motley Fool...
2019-11-2325 min
WEALTHTRACKRecession & Bear Market Risks With Financial Thought Leader Jason TrennertAs the Dow and S&P 500 hit new records this week, there is much to contemplate and for the markets to digest in the final weeks of 2019. Time to consult Jason Trennert of Strategas Research Partners, a financial thought leader who has the scope to put it all together and tell us what it means.
WEALTHTRACK #1620 broadcast on November 15, 2019.
More info: https://wealthtrack.com/recession-bear-market-risks-with-financial-thought-leader-jason-trennert/
2019-11-1625 min
WEALTHTRACKInterest Compounding MachinesWe are always on the lookout for the exceptional on WEALTHTRACK. It’s not easy to find among actively managed mutual fund managers. Only 23% of actively managed funds in all major categories, including stocks, bonds, and real estate outperformed their passive index fund rivals over the last ten years. And only about 8% of U.S. large-cap funds outperformed passive, the smallest margin among all active fund categories winners. No wonder that active U.S. stock funds are experiencing substantial outflows and passive stock funds are gaining assets. In a historic shift, passive assets in U.S. equity funds recently surp...
2019-11-0925 min
WEALTHTRACKBonds With Social Impact With Five-star Fund Manager Stephen LiberatoreSocially responsible investing has taken off and interest in it is accelerating. As we’ve reported before on WEALTHTRACK, U.S assets invested in companies screened for ESG, or their environmental, social and governance policies grew 38% from 2016-2018 by more than $3 trillion to $12 trillion dollars. According to U.S. SIF, or the Forum for Sustainable and Responsible Investment, which tracks these funds, that $12 trillion represents 26% or one in four dollars of the $46.6 trillion of U.S. assets under professional management.
This week’s guest is a leader in the relatively recent field of fixed income ESG investing, as wel...
2019-11-0225 min
WEALTHTRACKPolitical & Economic Pressures on Oil & Gas Stocks. Industry Veteran Tom Petrie’s Reality CheckIf you were to follow legendary investor Sir John Templeton’s advice to buy where there is maximum pessimism it might lead you to energy stocks. The energy sector has lagged the S&P 500 since 2016 and has been one of the worst if not the worst-performing industry sectors over the last year.
The fossil fuel industry has been hit with an almost perfect storm of headwinds and instability among major petroleum producers outside of the U.S.
The ongoing trade wars between the U.S. and China have also started to take their toll on gl...
2019-10-2525 min
WEALTHTRACKGrowth Stocks With Downside ProtectionThe economy and markets are facing multiple headwinds. But the cumulative real growth of the economy, that’s excluding inflation, is far below other post World War II recoveries.
That growth is now being challenged on several fronts - enough to derail the U.S. economy and the record-breaking bull market in large-cap stocks?
In a slow-growth world, growth commands a premium. Large-cap growth stocks, particularly the largest U.S. ones known as mega-caps have dominated market performance, revenues, and earnings over the last decade with a few short-lived challenges from value stocks. Will they co...
2019-10-1225 min
WEALTHTRACKAvoiding costly Medicare mistakes with Medicare expert Dr. Katy VotavaMedicare is a benefit that can’t start soon enough for many older adults. Health care costs are skyrocketing and they hit seniors particularly hard because many are on a fixed income and they utilize health care more.
But Medicare is not a slam dunk, anything but. It is a very complex, confusing multipart program that requires work to understand. And its benefits can vary widely depending upon how and when you apply, where you live, and what plans you enroll in. And as your health changes, it can either help you or hurt you. You need to k...
2019-10-0525 min
WEALTHTRACKSmall Company Executives Are Not Worried About Recession & Their Stocks Are Making a Comeback.Two investment tenets have been upended in recent years: one that value stocks, considered cheap by traditional metrics outperform growth stocks, the other that small companies outperform large ones.
Over the last decade, the opposite has been true. Growth stocks have dramatically outdistanced value stocks and large caps have significantly outperformed small company ones.
If you happen to be a value-oriented, small-cap investor it’s been a tough combination which is why contrarian minded observers think now might be a good time to revisit the space.
Chuck Royce, Founder, Chairman and Portfolio Manager of...
2019-09-2825 min
WEALTHTRACKThe Importance of Gold in De-Risking PortfoliosFinancial risks are adding up. Trade battles with China, the surprising vulnerability of Middle East oil supplies, the duration of Hong Kong protests, the drawn-out Brexit dilemma are all drags on business confidence and economic growth. In recognition, the Federal Reserve just cut interest rates for the second time this summer and remains on alert.
Another largely unrecognized concern? In August, for the first time in history, assets in passive equity funds based in the U.S. surpassed holdings in actively managed funds. The most popular passive funds are overwhelmingly dominated by a small group of mega-cap s...
2019-09-2125 min
WEALTHTRACKAlternative Strategies to Make Money in Down Markets: What’s Bob Doll Doing?One dominant market observation of the last decade has been that we have been experiencing the least believed bull market in history.
As of August of 2018 the market’s advance, in large-cap stocks at least, had indeed become the longest bull market in history.
But the experience of investors has been anything but a straight shot. If you look at indexes outside the largest U.S. company stocks it has been a much more perilous ride with several major corrections along the way.
The Russell 2000, which is used as a proxy for small co...
2019-09-1425 min
WEALTHTRACKTrade War Impact: The Markets & EconomyVolatile U.S trade relations with China are immediately reflected in the financial markets but what about the economic impact? Could they push the U.S. into recession? Leading global economist and strategist Nick Sargen weighs in.
SARGEN: "Number one is don't add to risk. That's the simple message. Number two is, is it a good time to d begin to do some reduction of risk in the portfolio? And I think the warning signs are Yes."
SARGEN: "What I'm concerned with today is that I think there is no solution in sight. We are...
2019-08-2625 min
WEALTHTRACKChina’s Leadership: The Competitive Threat to the U.S. China expert Jim McGregor gives us his candid assessment of the competitive threat that China’s leadership poses to the U.S. It’s a fascinating conversation and a wakeup call for the U.S.
It’s currently summer pledge season on Public Television, so WEALTHTRACK might not be airing on your local channel. Consequently, we are revisiting some recent interviews with some of our most popular Great Investor guests. We are revisiting an exclusive with value investor and financial thought leader Joel Greenblatt. He is living proof that active management can still work really well.
https://wealth...
2019-08-2526 min
WEALTHTRACKSocial Security: Specific Benefit Advantages for Different SituationsAdditional discussion about how Social Security rules are changing. As benefits guru, Mary Beth Franklin told us on a recent WEALTHTRACK, there are nearly 3,000 rules governing this benefit and there are specific advantages for different situations. This week we look at three: Divorce, Retiring Single, and Medicare. WEALTHTRACK #1607 published on August, 16. 2019.
https://wealthtrack.com/retirement-benefits/
It’s the start of the summer fund-raising season on Public Television, we'll be back with full episodes in a few weeks.
2019-08-1707 min
WEALTHTRACKSocial Security: The New Rules With Benefits Guru Mary Beth FranklinPaying attention to Social Security benefits pays off and needs to be taken seriously from an earlier age than most people realize.
Many of us underestimate how important this benefit is.
- It is the single largest source of income for the majority of Americans age 65 and older.
- It accounts for half or more of total income for 53% of married couples and 74% of unmarried individuals.
- It is one of the only sources of guaranteed income that retirees can count on for the rest of their lives.
...
2019-08-1025 min
WEALTHTRACKBill Miller IV on How His Investment Style Differs From His Dad’s, Legendary Investor Bill MillerWho is carrying on the traditions of today’s great investors? When you are investing in a fund with an impressive track record and distinctive philosophy and approach is there any guarantee that those qualities will continue with the next generation?
We recently launched a new series on “Next Generation Investors” on WEALTHTRACK to introduce the younger portfolio managers sharing management responsibilities with some legendary investors.
This week we have another exclusive with Miller with the Co-Portfolio Manager of a very different and younger fund. This fund is a family affair. Miller’s Co-Portfolio Manager is his so...
2019-08-0325 min
WEALTHTRACKMarket-Beating Returns With Next-Generation Investor Samantha McLemore We have launched a new series on WEALTHTRACK, Next Generation Investors, to introduce ourselves and you to the younger portfolio managers working alongside today’s investment greats.
As part of that series, we are doing one on one podcasts with the less well known, but deserving partners.
Our guest this week is Samantha McLemore, Portfolio Manager at Miller Value Partners who has been working with legendary investor Bill Miller since graduating from college in 2002.
WEALTHTRACK #1604 published on July 25, 2019.
2019-07-2624 min
WEALTHTRACKThe System Needs Dynamite! Bill Bernstein on the Role of Bonds, Market Hazards & Fixing the SystemInfluential investment advisor and author Bill Bernstein shares key insights with Morningstar’s “The Long View” podcast which they are sharing with us on WEALTHTRACK this week. Listen here:
https://wealthtrack.com/if-youve-won-the-game-stop-playing/
During this summer public television fundraising week we are revisiting a recent program about the greatest retirement fear – running out of money. Advice from Morningstar’s Christine Benz and Wells Fargo’s Fredrik Axsater on how to avoid it.
https://wealthtrack.com/running-out-of-money-is-the-greatest-retirement-fear-how-to-avoid-it-with-two-retirement-experts/
2019-07-2001 min
WEALTHTRACKMunicipal Bond Markets Are Attracting Record Amounts of Investor MoneySeismic shifts in the municipal bond markets and the portfolios of award-winning muni manager Robert DiMella.
The nearly $4 trillion dollar municipal bond market is attracting record amounts of investor money. Year-to-date more than $40 billion has poured into municipal bond funds, one of the highest inflows on record.
One key factor for muni’s attractiveness is the higher taxes being paid by many individual taxpayers following the tax reform bill, which was passed in 2017 but took effect in 2018.
The combination of higher tax rates and a dearth of income globally are adding to the allure...
2019-07-1325 min
WEALTHTRACKMarket Beating Value Investors: The Next GenerationConsuelo Mack WEALTHTRACK launches a new season with its “Next Generation Investors” series featuring an exclusive interview with legendary value investor Bill Miller, and Samantha McLemore, his Co-Portfolio Manager on the Miller Opportunity Trust fund.
We want you to meet the individuals that some top fund managers have chosen to manage money with them, for them and possibly succeed them. The investment horizon, even for people in retirement can stretch into decades. Plus, in this era of passive index investing, a firm’s culture, its independence of thought, investment discipline, and integrity are going to matter even more. As...
2019-07-0625 min
WEALTHTRACK51% of Personal Wealth in the U.S. Is Controlled by WomenBetter financial advice for women with Yie-Hsin Hung, one of the most powerful women in finance.
The economic might of women is large and growing. According to research put together by New York Life Investment Management, 51% of the personal wealth in the U.S. is controlled by women - an estimated $22 trillion worth.
That number is expected to jump by 30% percent to nearly $29 trillion over the next 40 years as intergenerational wealth is handed over. Women are the key financial decision makers: 96% of women have primary or shared responsibility for family financial decisions, yet there is a...
2019-06-2925 min
WEALTHTRACKFollow Buffett’s Investment Principles: Great Investor Tom Russo Continues ToBerkshire Hathaway stock has underperformed the S&P 500 for the past decade. By a recent calculation Berkshire’s stock has risen by nearly 260% versus the market’s more than 300% advance in the decade ended in 2018.
Despite Berkshire’s stunning record since 1965, 21% compounded annualized gains, this is not the first time that the company’s shares have underperformed the market for a decade. It’s happened several times in recent years.
This weeks guest: "The advice is stay put, and then you’ll get the returns from the S&P because 90 percent of the investors in the S&P 500 fu...
2019-06-2225 min
WEALTHTRACKThe Culture of Value Investing From Ben Graham’s & Warren Buffett’s Former Brokerage Firm“It’s a marathon, not a sprint” describes the investment time horizon of Tweedy, Browne’s senior portfolio managers William Browne and John Spears.
Wall Street is haunted by the ghosts of brokerage firms past. Names such as Dean Witter, Kidder Peabody, PaineWebber, and Smith Barney were thriving independents. No more! Even the Merrill Lynch name is being gradually erased by parent company Bank of America.
There is one old-line firm still standing however with an impeccable investment pedigree that is carrying on its deep-rooted value traditions. It is Tweedy, Browne Company
Although they are both...
2019-06-1525 min
WEALTHTRACKImpact Investing Advice - This week on WEALTHTRACKAs it’s currently fundraising season on public television WEALTHTRACK might not be airing on your local station, so we are revisiting a recent interview on the topic of impact investing.
NEW THIS WEEK: In this week's extra feature we’ll share a link to a report about how you apply socially responsible investing principles to your portfolio from the forum for sustainable and responsible investment. It is a roadmap for professional investors which is also useful for individuals and anyone managing money.
You can find it here: https://wealthtrac...
2019-06-0701 min
WEALTHTRACKTechnological Innovation & Disruption - EXTRA this week.It’s the first week of the spring fund raising season on Public Television we are revisiting a recent exclusive interview with Fund Manager of Year winner David Giroux on the growing secular risks in companies.
NEW THIS WEEK:
A large group of T. Rowe Price’s portfolio managers and analysts recently returned from the firm’s annual trip to Silicon Valley where they pick the brains of top executives of leading tech-oriented companies. The firm is sharing its findings with us in their recently published report, “Technological Innovation and Disruption.” It’s a fascinating read.
https...
2019-06-0101 min
WEALTHTRACKSustainable Growth at Reasonable Prices: What in the World Is Great Investor Mark Yockey Finding? International investing star Mark Yockey joins us in a WealthTrack Exclusive to discuss his global stock picks.
With episodic exceptions the U.S. has been the place to invest since the global financial crisis. There have been occasional bouts of outperformance by European and emerging markets, specific geographical locals and individual countries but overall, the U.S. markets trajectory has been higher, the U.S. economy stronger and the dollar dominant.
The past year is a case in point. No matter where you looked around the world currencies weakened against the dollar. From the Japanese yen...
2019-05-2525 min
WEALTHTRACKAvoiding Disastrous Mistakes: The Danger of Portfolio Volatility in Retirement [2019]Our focus this week: The challenge facing most of us!
Nobel Prize-winning behavioral economist Richard Thaler recently called the drawing down of money in retirement “way harder” than the saving phase because of the uncertainty of how long we will live. He is proposing adding 401(k) funds to social security to increase monthly payouts.
This week’s guest, Mark Cortazzo, wholeheartedly agrees with Thaler about the difficulty of the spend-down phase and says another largely unrecognized danger is portfolio volatility, which can mean the difference between solvency and insolvency at the end of life. He has the r...
2019-05-1825 min
WEALTHTRACKRecord Government Debt & Low to Negative Interest Rates Challenge Global Financial StabilityMarket volatility is back. The roller coaster trade negotiations between the U.S. and China are lurching downward again causing a multi-day market sell-off rivaling declines in December of last year.
The much bigger question is how stable is the world financial system? A decade ago in the midst of the global financial crisis, it appeared to be on the brink of destruction. Massive and unprecedented monetary stimulus by central banks and fiscal stimulus by governments stabilized financial markets and supported banks and businesses. There was a huge unwinding of debt in the financial, cor...
2019-05-1125 min
WEALTHTRACKLate Cycle Growth Opportunities? GAMCO Growth Fund’s Market Beating Howard Ward Looks to the FAANGsShort term interests remain steady. The Federal Reserve decided to keep its benchmark federal funds rate at the same 2-1/4 to 2-1/2 percent range it had since January when it put its previous series of rate hikes on hold.
Two percent is of course the Fed’s target rate for inflation. Fed Chair Jerome Powell described the Fed’s view of price weakness as “transient” but said if it continued it would be “something we would be concerned about.”
As far as the stock market is concerned growth is back in a big way and it continues to...
2019-05-0425 min
WEALTHTRACKThe “Story of The Decade”: Why U.S. Economy Strengthens While Setting Records for LongevityThis summer will mark the longest economic recovery in U.S. history. The bull market already made it into the record books for longevity in August of 2018. The S&P 500 and the NASDAQ reached new record highs just this Tuesday.
Rather than a cause for celebration many economists, business leaders, consumers and investors have viewed these unparalleled achievements as cause for concern. Their thinking: this must mean the end is near.
This week’s guest is not in the end is near camp. Anything but! She has been a believer in the U.S. economy’s reco...
2019-04-2725 min
WEALTHTRACKEnvironmental Impact Investing Is Attracting Dollars & Delivering Results. 2 Experts Share Strategies
Remember the expression, “Follow the money” from the Deep Throat character in ALL THE PRESIDENT’S MEN? We are following the money for you. We also want to, “Show you the money,” Tom Cruise’s mantra in JERRY MAGUIRE.
We can do both with one investment approach. Socially responsible investing, also known as ESG (for Environmental, Social and Governance), sustainable or impact investing. It is attracting massive amounts of investor dollars - follow the money - and is performing as well if not better than non-ESG investments - showing you the money!
The latest eviden...
2019-04-2025 min
WEALTHTRACKFinancial Crisis Survival Lessons: Beats Market & Peers Since Bottom (Ariel Fund)
Patience is usually considered to be a virtue except when it comes to investing. Investors are notoriously impatient when the funds they are in underperform the market for a few years. The magic number seems to be three.
There was an influential study of institutional investors done over a decade ago showing how poor their hiring and firing decisions were. Institutional investors typically fired a manager after three years of subpar performance and hired a manager after three years of exceptional performance. The only problem was the newly hired funds tended to underperform for the next...
2019-04-1325 min
WEALTHTRACK2 Secrets to Beating the Market. Great Value Investor Joel Greenblatt Explains Great value investor Joel Greenblatt reveals his two secrets to investment success. He is living proof that active management can still work really well. Greenblatt is Managing Principal and Co-Chief Investment Officer of Gotham Asset Management where he co-manages hedge funds and several hedge fund-like mutual funds utilizing long/short strategies. His behavioral insight that the best investment strategy is one that both makes sense and that you can stick with.
The proposition that active management still works can be made on a case by case basis in the highly competitive stock mutual fund business, but it d...
2019-04-0625 min
WEALTHTRACKTreasury Bond Maven Robert Kessler Warns of Recession Ahead & Where to Take ShelterYields on government bonds are falling across the globe. The yields on the benchmark 10-year bond in both Germany and Japan are negative for the first time in a couple of years. The European Central Bank, already announced it would hold its short-term rates below zero at least through December.
Here in the U.S., where economic growth is stronger, the Fed reconfirmed that it is on hold. The futures markets, however, are betting on a change in policy toward more easing. The Federal-Funds futures were recently pricing in a 40% chance of one rate cut this year, a...
2019-03-3025 min
WEALTHTRACKPrescient Economist & Fed Expert Paul McCulley on No Recession Ahead & Fed’s Tightening DoneFormer PIMCO strategist, portfolio manager, and Chief Economist Paul McCulley warned about the credit bubble years before it burst. What is he watching now? WEALTHTRACK #1540 broadcast on March 22, 2019.
More info at WEALTHTRACK
2019-03-2325 min
WEALTHTRACKBuilding Women’s Financial Health: Award-Winning Wealth Advisor Karen AltfestHelping women become financially secure is a primary motivation for Karen Altfest. Altfest Personal Wealth Management’s Principal Advisor shares her women-centric approach. WEALTHTRACK #1539 published on March 15, 2019.
More WEALTHTRACK WOMEN
2019-03-1617 min
WEALTHTRACKThe Do-It-Yourself Retirement System Isn’t Working. Retirement Pro Teresa Ghilarducci Has Solutions The retirement crisis is real. 40% of older, middle-class workers and their spouses will fall into poverty or near poverty in retirement. Economist and retirement expert Teresa Ghilarducci says the U.S.’ 40-year experiment with do-it-yourself retirement is seriously flawed, but there are ways to fix it.
More info at WEALTHTRACK
WEALTHTRACK WOMEN is featuring women who are making a difference in business and finance during Women’s History Month. Join us for career advice from three successful women entrepreneurs including S’well’s Sarah Kauss. Pension expert Teresa Ghilarducci provides timely retirement solutions. Award-winni...
2019-03-0930 min
WEALTHTRACKThree Inspiring Women Entrepreneurs Share Their Unusual Routes to Success WEALTHTRACK WOMEN is featuring women who are making a difference in business and finance during Women’s History Month. Join us for career advice from three successful women entrepreneurs including S’well’s Sarah Kauss. Pension expert Teresa Ghilarducci provides timely retirement solutions. Award-winning wealth advisor Karen Altfest explains her women-centric approach.
More WEALTHTRACK WOMEN here: www.wealthtrack.com/women
While your local public television station holds its fundraising drives on weekends, WEALTHTRACK is focusing on new topics for our podcasts to help you improve your portfolios and finances.
THIS WEEK:
Running your ow...
2019-03-0250 min
WEALTHTRACKPurpose Matters. Philanthropy and Social Responsibility Experts Describe the New Civic Age Purpose matters, particularly to younger generations. In a recent survey of millennials by Deloitte, almost 87% of them said: The success of business should be measured in terms of more than just its financial performance, and when asked what the primary purpose of businesses should be - 63% more of them said improving society than said generating profit.
Younger generations are putting their money where their beliefs are. In its report “Impact Investing: at a Tipping Point? ” independent public charity, Fidelity Charitable found in its survey of affluent philanthropic individuals that 77% of millennials and 72% of Gen-Xers have made some sort of imp...
2019-02-2325 min
WEALTHTRACKInvest Where Others Fear to Tread for Income and Appreciation: Eaton Vance’s Kathleen Gaffney If you were to name places in the world where you wouldn’t consider investing today what comes to mind? How about Venezuela where the economy is in ruins, the president discredited and the opposition mounting? Or a specific company in this country like Pacific Gas and Electric, PG&E for short, the California utility that filed for bankruptcy and bore the physical and legal brunt of the recent devastating California wild fires? Those are fertile ground for contrarian investors, or just traditional value investors who look for opportunities where others fear to tread.
Globe-trotting Eaton Vance bond...
2019-02-1625 min
WEALTHTRACKTop-Rated Research Team Members Assess the Prospect for the Economic Expansion’s Longevity2019 could be a year for the record books. The economic expansion turns ten this summer, which would make it the longest recovery ever. The bull market reached that milestone in August of 2018 and despite serious fits and starts has continued its run. The S&P clocked in its best January performance since 1987 with an 8% gain. Economic expansion and bull market longevity outlook with Don Rissmiller and Nick Bohnsack, members of Strategas’ top-rated research team. WEALTHTRACK #1543 broadcast on February 08, 2019.
More at WEALTHTRACK
2019-02-0925 min
WEALTHTRACKThe Income Strategy Difference. An Exclusive With Next Generation Investor Bill Miller IVIn a WEALTHTRACK exclusive next-generation investor, Bill Miller IV describes the income strategy edge of finding higher yielding securities at value prices. Learn more at: www.wealthtrack.com/miller-iv-income-strategy
2019-02-0733 min
WEALTHTRACKRunning Out of Money Is the Greatest Retirement Fear. How to Avoid It With Two Retirement ExpertsRunning out of money is the greatest retirement fear. Advice from Morningstar’s Christine Benz and Wells Fargo’s Fredrik Axsater on how to avoid it. WEALTHTRACK #1533 broadcast on February 01, 2019.
More info at WEALTHTRACK
2019-02-0225 min
WEALTHTRACKSocially responsible investing is booming with 26% of US assets under management. Experts explainTwo experts on socially responsible investing, Glenmede’s Laura LaRosa and U.S. SIF’s Lisa Woll explain why it’s booming. WEALTHTRACK # 1532 Broadcast on January 25, 2019.
Details at WEALTHTRACK website.
2019-01-2625 min
WEALTHTRACKDavid Giroux on Growing Secular Risks in Companies - Exclusive with Fund Manager of Year Winner5-star manager David Giroux explains why more companies' businesses are at risk. WEALTHTRACK #1531 broadcast on January, 18, 2018. More info at www.wealthtrack.com
2019-01-1925 min
WEALTHTRACKCurrent Market Dynamics and Strategy: An Exclusive Interview With Great Investor Hersh Cohen Great Investor Hersh Cohen has been investing for half a century, He shares his perspective on today’s challenging markets.
WEALTHTRACK #1530. Published on January 11, 2019
www.wealthtrack.com
2019-01-1219 min
WEALTHTRACKUnlocking China's Undiscovered Treasures With Matthews China Small Companies Fund's, Tiffany HsiaoChinese small company stocks are an undiscovered asset with enormous potential. Tiffany Hsiao, the lead portfolio manager of Matthews China Small Companies fund explains the attraction. WEALTHTRACK #1528 published on December 28, 2018. For more information visit www.wealthtrack.com
2018-12-2947 min
WEALTHTRACK2019 Global Outlook: Synchronized Global Slowdown and Peaking Profits. A McLennan & Hyman ExclusivePart II of our exclusive annual global outlook from Wall Street’s king of economists, Ed Hyman with global portfolio manager, Matthew McLennan. WEALTHTRACK #1527 broadcast on December 21, 2018.
2018-12-2225 min
WEALTHTRACKU.S. Outlook From Top Economist Ed Hyman & Global Portfolio Manager Matthew McLennanPart I of our exclusive annual U.S. outlook from Wall Street’s long-reigning king of economists, Ed Hyman with global portfolio manager, Matthew McLennan. WEALTHTRACK #1526 broadcast on December 14, 2018.
2018-12-1525 min
WEALTHTRACKMorningstar’s Personal Finance Guru, Christine Benz With an Annual Financial Wellness CheckupHow fit is your retirement plan? Personal finance guru Christine Benz takes us through a financial wellness checkup. WEALTHTRACK #1525 broadcast on December 07, 2018.
2018-12-0825 min
WEALTHTRACKDr. Richard Sandor on Financial Futures & Carbon Trading Discusses His “Best Idea Yet”Financial innovator Dr. Richard Sandor is known as the “father” of financial futures and carbon trading. He discusses the unheralded and significant environmental progress being made on the local level in the U.S., plus his latest innovation, an alternative to LIBOR, the troubled global interest rate benchmark. It’s the American Financial Exchange, an electronic exchange for direct interbank and financial institution lending and borrowing. It’s up and running and he considers it his “best idea yet.”
WEALTHTRACK #1524 published on November 30, 2018.
Explanation of acronyms used in this episode:
LIBOR: the London Interbank Offered Rate
U.S. AMERIBOR: a benchmark ra...
2018-12-0122 min
WEALTHTRACKWhat’s next as the world embraces a legal cannabis industry?Canada’s legalization of marijuana use is the first major domino to fall as the world accepts a legitimate cannabis industry. History, opportunity, and challenges with David Kretzmann, analyst, and advisor to The Motley Fool’s “Marijuana Masters” and “Marijuana Mavericks”. WEALTHTRACK #1523 published on November 23, 2018.
2018-11-2450 min
WEALTHTRACKBlackstone’s Tony James Discusses the Outlook for Private Equity and Other Alternative InvestmentsIn Part Two: The outlook for private equity with financial thought leader Tony James, Executive Vice Chairman, Blackstone. WEALTHTRACK #1522, broadcast on November 16, 2018.
2018-11-1725 min
WEALTHTRACKBlackstone’s Executive Vice Chairman Tony James Discusses His Passion for Rescuing RetirementA rare interview on solving the retirement crisis with Blackstone’s Executive Vice Chairman, Tony James. WEALTHTRACK #1521 broadcast on November 9, 2018.
2018-11-1025 min
WEALTHTRACKWestern Asset Management’s Robert Amodeo Says Munis Can Still Provide a Safe Haven for InvestorsTax-free income opportunities with Western Asset Management’s veteran muni manager Robert Amodeo. WEALTHTRACK #1520 broadcast on November 2, 1018.
2018-11-0325 min
WEALTHTRACKCould U.S. Trade Tensions With China Actually Create Investment Opportunities There?An exclusive interview with Asia mutual fund pioneer Mark Headley on China’s potentially world-changing political and economic transformation. WEALTHTRACK #1519 broadcast on October 27, 2018.
2018-10-2725 min
WEALTHTRACKCredit Market Maven and Historian James Grant on Why Interest Rates MatterWhy interest rates still matter with influential financial journalist and historian James Grant. WEALTHTRACK #1518 broadcast on October 19, 2018.
2018-10-2025 min
WEALTHTRACKValue Investing Under Pressure and the Pressure to Go PassiveThe investment sea change. Value is out, growth is in and passive keeps beating active. Financial thought leaders James Grant and Jason Zweig weigh in. WEALTHTRACK #1517 broadcast on October 12, 2018.
2018-10-1325 min
WEALTHTRACKWhat’s the Biggest Risk in the Markets Today?Top strategist Richard Bernstein says investors are looking for risk in all the wrong places. He explains where he believes the biggest risk by far is in the bond market. WEALTHTRACK #1516 broadcast on October 05, 2018.
2018-10-0625 min
WEALTHTRACKExploring Overseas Opportunities With a Top Ranked Fund Manager5-star fund manager Michael Testorf of ClearBridge International Growth fund makes the contrarian case for overseas growth stocks. WEALTHTRACK #1515 broadcast on September 28, 2018.
2018-09-2925 min
WEALTHTRACKWhy Five Star Fund Manager Mary Ellen Stanek Is Proud to Be Boring5-star fund manager Mary Ellen Stanek explains why she is proud to describe her Baird Core Plus Bond Fund as sleep insurance for investors. WEALTHTRACK #1514 broadcast on September 21, 2018.
2018-09-2225 min
WEALTHTRACKNuveen’s Veteran Chief Equity Strategist Bob Doll Shares His Views on the Markets and StrategyOutlook and strategy with market beating portfolio manager and widely followed investment strategist, Bob Doll. WEALTHTRACK #1513 broadcast on September 14, 2018.
2018-09-1525 min
WEALTHTRACKWhat Do Top Performing Investors and Recognized Financial Thought Leaders Think About Bitcoin?Over the last several months, every time we did an interview we asked our guests for their views of Bitcoin and other cryptocurrencies. Everyone had an opinion! This week we decided to share a sampling from 17 of our top investors and financial thought leaders. Guests include Jeremy Grantham, Edward Yardeni, Jason Trennert, Joel Greenblatt, John Hathaway, Michael Testorf, Bill Miller, David Nadel, Andy Augenblick, Stuart Lucas, Randy Swan, Mark Cortazzo, Mary Ellen Stanek, David Giroux, David & Tom Gardner, and Bob Doll. WEALTHTRACK #1512 broadcast on September 7, 2018.
2018-09-0825 min
WEALTHTRACKA Legendary Value Investor Mixes Passive With Active to Overcome Destructive Investor BehaviorAn exclusive interview with legendary value investor Joel Greenblatt on overcoming destructive investor behavior by combining passive with active strategies. WEALTHTRACK #1444 broadcast on April 20, 2018.
2018-04-2125 min