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Payne Points of Wealth Podcast

Boom and Bubble? Ep#152

By March 9, 2024March 23rd, 2024No Comments

Boom and Bubble – it’s both

The economy right now is booming and we have a bull market. If you look at almost every sector of the US economy, the US stock market, and markets all over the world, most are in bull markets. You have great investment opportunities hiding in plain sight with financials at all-time record highs, material stocks at all-time record highs but they’re dwarfed by these parabolic moves in stocks like Nvidia and Meta. But when you see the Magnificent 7 stocks trading at 30 times forward earnings, it’s looking like a bubble.

.. as the P/E ratio gets higher and higher.. there's a connection between that and lesser returns.

Chris Payne

Technology.. AI.. maybe it keeps going higher in the short term, but longer term odds are you're going to have a magnificent correction..

Ryan Payne

Investing is hard – be diversified

Market moves are impossible to time. You’re best positioned if you follow a broad diversified strategy of owning some of everything with a strategy based on your goals.

..with your portfolio.. if you just whittle it down to what's up most recently.. you're buying high and you're going to ultimately be selling low.

Bob Payne

The Tipping Point

Reasons people procrastinate

We advise over a thousand families and we see all the reasons that you may be procrastinating when it comes to your financial plan.

Not knowing who to trust

Who do you trust? There are so many voices out there and they all seem so overwhelmingly confident.

Ryan Payne

Avoiding financial professionals because they’re just pushing products

It's kind of like.. the doctor's just giving you a prescription and not giving you an exam.

Chris Payne

Not wanting to confront your current financial professional because of the relationship

..most of the industry puts the egg first, not the chicken. You have to know.. what's your financial plan?

Bob Payne

Not wanting to put together a budget

.. it can be pretty intimidating. Most people don't want to face what their budget is.

Chris Payne

Not having things organized makes the process daunting

..it's amazing how many times we've done that financial audit for people. We tally up everything they have and they're like, Oh my God, I didn't know I was worth that much.

Ryan Payne

Hidden Facts of Finance

Assets in passively managed mutual funds and ETFs surpassed those in actively managed mutual funds and ETFs for the first time in January, more people are indexing than using professional managers.

Novo Nordisk, the maker of Ozempic and Wegovy, has seen its stock market value soar to $560 billion more than the entire GDP of Denmark, where the pharmaceutical maker is based. In 2023, the Danish economy expanded by 1.8% with its pharma industry accounting for all of its growth.

Had you invested $1,000 in Google shares at the August 2004 initial public offering, you’d have more than $55,000 today.