Welcome to the Payne Points of Wealth: The podcast that addresses all the pain points that come with creating your wealth, growing your wealth, and sustaining your wealth. Hosted by the Family Wealth Experts of Payne Capital Management, Bob, Ryan & Chris Payne. On a weekly basis, they deliver timely strategies and solutions for the pain points that come with building, preserving and managing your wealth.
The Dirty Secret Of The Financial Industry, Ep #101
October 28, 2022
What’s up! It’s episode 101 of Payne Points of Wealth and earning season is not so bad. Bank earnings looking relatively strong. Everything’s still in the backdrop of what is the FED going to do. Are they going to keep raising interest rates? Are they going to pause? Are they going to start lowering interest rates? Nobody really knows. Meanwhile, the market’s like a rollercoaster ride up one day and down the next. It can’t really find any footing and uncertainty is high. Russia is still in invasion of Ukraine. Sounds like Xi Jinping is the ultimate ruler forever of China. It’s a crazy world. We’re going to give you our thoughts on exactly what’s going on in the economy, what’s going on in the stock market, the ying and yangs, everyday moves, and how to play it. On the Tipping Point today we’re going to talk about how every investor on Wall Street gets treated the same. No matter how much money you have, it’s bad. We’re going to explain why. Check it out. You will want to hear this episode if you are interested in… What’s going on in the mind of J. Powell? [1:24] Bad is good and good is bad [4:21] You gotta be in to win [8:22] The Tipping Point [12:57] The dirty secret of our industry [14:19] The sexiest investments [17:19] Hidden Facts of Finance [22:35] Nobody can predict what’s unknowable We’re at a point in the market where good news is bad news and bad news is good news and then there’s a little mixed bag of both. You have a GDP number coming out this week and some economists say it may be very, very strong. They’ve been a little weaker than they were last quarter, but they’re still positive. Then you get these rip-your-face-off rallies from companies when they come in with really decent earnings. Lamb research came in the other day with decent earnings, really good earnings stock going from 300 to 370 in one week. The same thing happened with Lockheed Martin. The problem with trying to time the market is that you can get on the sidelines and wait for the good news, but the good news happens, you can’t get back in. So it’s one of these cases where we’re in a corrective phase of the market and it’s going to stay a corrective phase until