WEALTHSTEADING Podcast investing retirement money stock market & wealth
Summary: Listen to independent money manager John Pugliano as he analyzes the stock market and discusses how he trades his portfolio and builds personal wealth. John has nearly 40 years investing experience, he's an entrepreneur, author, inventor and the founder of Investable Wealth LLC. Visit the podcast website at: www.wealthsteading.com
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- Artist: John Pugliano
- Copyright: 2024 Investable Wealth LLC
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Episode 24: Getting paid what you are worth: Earning = Training Period + Skill + Demand These three simple factors determine how the market pays. The time needed to train for a position (or conversely the time it takes the employer to train someone else for your position after he fires you). The employee’s skill and performance level. The market demand for the product or service that the employee provides. In a free market that’s how earning compensation is determined. If you’re not being paid what you desire. Then change one or more of the three factors in the equation. Once you’re hitting on all cylinders, offer yourself to the marketplace. An employer that recognizes value will hire you- not because he’s fair, but because it’s in his own self-interest to do so. Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 23: Getting the job you want, whether it’s your first job, the next promotion, or a total career makeover- we discuss four tried and true methods: * Networking * Study & Cold Call (compare/contrast with Dan Miller http://www.48days.com/ ) * Focus on the specific geographic region and the unique WORK that takes place there * Recruiters/Headhunters * Answering want ads (worst option, almost not worth pursuing) Also- I had the fortunate opportunity to be interviewed by Joshua Sheats of the Radical Personal Finance Podcast. This was a long format, conversational discussion about all things pertaining to wealth- the millionaire next door lifestyle, raising kids, saving, investing, etc. I think you’ll enjoy it. Joshua hosts a fantastic podcast. He’s an excellent interviewer, well educated in financial matters, and his heart is in the right place. I highly encourage you to subscribe to his podcast. My interview (episode 54) with Joshua can be found at: http://radicalpersonalfinance.com/54/ The Radical Personal Finance Podcast is available in iTunes and similar broadcast apps. Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 22: Finding the career you love is probably harder than finding a spouse. And it’s just as critical to your happiness and wealth. We discuss strategies to help you determine the work you love. Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 21: My wife and I were engaged on Labor Day. That may not sound like the most romantic holiday but hey…it’s lasted 28 years. In this episode we discuss establishing good habits that result in building wealth. Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 20: Market closes up again this week, yielding about 5.5% so far year-to-date. But I remain skeptical and explain why. Burger King up over 20% since episode 12 when we discussed their new CEO. Review of wealth building principle #8- how to decrypt propaganda. Learn from the master…read George Orwell. Factory utilization looks to me like the only thing that is booming is commercial aircraft and automobiles- in my opinion funded with unsecured subprime loans. Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 19: Identifying trends- what to look for…short/long term…we drill down and get granular to analyze a specific stock — Applied Optoelectronics [listener submitted] Reference– Wealth Building Principle episodes: #5 Embrace Technology & Innovation, #6 Profit from Trends, and #7 Profit from Nature Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 18: Credit card usage…enjoy the incentives but pay off the balance monthly. I don’t trade on the FOREX but I do use ETFs to take advantage of movements in the US Dollar (UUP & UDN). UUP appears to be in an upward trend. It’s above the 50 day moving average and has broken through short term resistance. The 50 day has crossed the 200- this is a very bullish sign. As the Fed continues to tapper, the European Central Bank appears to be easing, this should further help the US dollar. I don’t trade commodities but I do use options, especially protective puts. Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 17: Where to park your savings Save first, worry about rate of return later. First work on accumulating your nest egg, building your net worth…then worry about getting investment income. Variation of Mark Twain quote: You should be more concerned about the RETURN OF your principle than the RETURN ON your principle. So where should you house your nest egg? We discuss: 401k, ROTH, IRA, Bank Account, 529 Education — Be cautious of investment vehicles that have restrictions or high fees What asset class should your savings be in? We discuss: Cash, ETFs, Mutual Funds, Stocks, Bonds, Real Estate — Dollar cost averaging is a savings method…Trading is an investment strategy —– Trading can be used as a hedge to protect against a market in correction EVERYTHING involves a RISK…including BONDS ! Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 16: Saving vs Investing: Earn + Save + Invest = Wealth Learning to SAVE precedes learning to INVEST. Most people want to skip ahead to Investing, because it’s thought to be more glamorous. That’s how the media and the financial industry have propagandized the message. The industry wants you to “invest”…so that they can charge you fees. Before you can invest, you need to save a substantial “nest egg”; otherwise the rewards for your efforts will be minimal. Mark Twain said, “You should be more concerned with the return OF your principle than the return ON your principle”. As you begin to build your nest egg, your net worth will be most impacted by your SAVING habits, not your investing achievements. Save at least 20%…remember wealth building principle 10: Wealth is a lifestyle. Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 15: Celebrity lifestyle vs Wealthsteading- we discuss the tragic suicide of Robin Williams in terms of wealth and happiness. How to get paid more- the earnings equation is simple = training period + demand + performance level Defining success- Earl Nightingale philosophy “Success is the progressive realization of a worthy goal.” Market rebounds with weak volume after 4% decline. Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 14: Market still in Correction, indexes remain below their 50 day moving average. Be patient, don’t buy dips yet. How to Determine a Market Bottom? Use the Bill O’Neil Investor’s Business Daily (www.investors.com) method. Wait till at least the 4th day of recovery off a market bottom. Follow through days that confirm a market’s change in direction generally occur on the 4-7 days following a bottom. European bond yields irrational. France @ 1.46%. Italy @ 2.8%. German’s stock market down 11% last week. Long term trend- lower Oil prices. Will result in a lower cost for EVERYTHING…this price deflation will help spur the economy. All commodities will have a lower or stable price, including Gold. North Dakota’s oil production is about 70% of Iran, without the turmoil and drama…and without the cost of an army or navy to protect it. Caterpillar will buy back 6.5% of their shares…will give illusion of earnings growth. Corporate share buy backs in 2014 are averaging about 4%, this is used as balance sheet engineering to mask stagnant growth. During a recovery and an expanding economy, companies issue stocks (stock splits). Buy backs are a form of contractions, NOT growth. Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 13 o Market’s stay below 50 day moving average and IBD changes the market status to “market in correction” on 8/5/14. o Fear of Russian sanctions/counter-sanctions on world economy * Smoot Hawley Act ushered in the Depression o Large exodus out of junk bonds * Listener questions o How to invest a small sum of money? You don’t, you save it. There’s a difference between “saving” and “investing”. o Ebola- is it real or hype? Doesn’t matter in terms of the stock market where perception is reality. Trades are made in anticipation of future earnings…the threat of a pandemic could positively or negatively impact a stock’s short term price. * Propaganda o Yahoo Finance charges for headline placement o Democratic congressman shames Obama for lying…while enabling him Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 12 * Market continues slide, worst week in 2 years * Stagnant jobs report helps stabilize the market- good news is bad news on Wall Street…hope is that Fed will keep low interest rates. * 10 countries at risk to default on bad debt * US consumers have been doing some deleveraging but near 30% in collections * Huge debts in: Student Loans, Automobiles, and Solar Panels * During turbulent markets, be patient, build a Watch List: * Examples- P&G, Facebook, LinkedIn, Burger King Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
Episode 11: Market review and related news * Markets in turmoil today…S&P500 drops 2%, it’s second worse day of the year and breaks through it’s 50 day moving average. * Based on chart action, it looks like the indexes could keep moving lower for the next couple weeks…BUT who knows? The Fed’s money pumping has kept this market RESILENT for 18 months, maybe that trend will continue and traders will come in and buy the dips. * Spanish bond yields are the lowest in 225 years…despite their large debt and poor economy. * Although there is a concern over inflation and specifically higher wagers (dragging down corporate profits) commodities prices are neutral to down- in spite of geopolitical conflicts… Oil down over 7% since last quarter; Gold down 3% past three weeks. US Dollar moving up. * Markets are concerned the Fed might actually start raising interest rates. If Yellen feels she’s spooked the markets, in a day or two, she’ll probably try to walk it back. * Changing of the guard at several companies- we discuss Target, WalMart, & Burger King. * Ebola as a possible pandemic. * IMF wants a global energy tax which could add as much as $1.60/gal to US gasoline. Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
We conclude our series on the wealth building principles with #10: Wealth is a lifestyle The pursuit of wealth is multifaceted, it’s not just one dimensional. You can’t just work one element and expect to become financially independent. A large bank account doesn’t make you wealthy- consider the lottery winner, they don’t have the discipline to manage money and in a few years they’re bankrupt. Same is often true of those that inherit a trust fund or a business. They squander the wealth. Family businesses often don’t last past the third generation because the grandchild doesn’t possess the entrepreneurial skill of the founding grandfather. Nor does a large income guarantee wealth. You know of the celebrity or professional athlete that made 10’s of millions of dollars, only to go broke after retirement. Highly paid professionals often fall into the same trap. It’s not uncommon for a doctor or corporate executive to be living paycheck-to-paycheck, broke at the end of the month just like Joe Sixpack. Their compensation just can’t sustain the lavish lifestyle. Wealth is a lifestyle because to attain it, you must implement wealth building principles, not just one element. It’s a balanced, holistic approach…it’s a lifestyle. The wealth lifestyle is also multi-generational, it can be ingrained in a family’s culture. In this episode we conclude by reviewing the other 9 wealth building principles. Subscribe to the Wealthsteading Podcast via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.