The Fed Put Is Back
It’s episode 160, and we’ve seen extreme volatility in the last few weeks. After some selling in April, the markets have hit all-time record highs in the middle of May. But a lot of the dynamics haven’t changed that much. First-quarter earnings season results were phenomenal, and the forward earnings picture keeps getting brighter, while inflation’s been stubborn, it has come down a lot and the labor market continues to stay strong. And, there are a lot of great places to put your money right now beyond the Magnificent 7.
The market’s reaction to the Fed’s remarks :35
Keeping your emotions in check and taking the long view 2:09
Forward earnings picture and labor market looking strong 2:58
Opportunities in foreign markets 4:18
5% in a money market is not great after taxes and inflation 5:25
Dividends are on sale right now 7:25
The Tipping Point
The 5 Biggest Mistakes
We see many portfolios every month and today we go over the top 5 mistakes many investors make with their financial plans.
Mistake #1: Not allowing for inflation in your numbers
Mistake #2: Not optimizing your portfolio for taxes
Mistake #3: Not looking at your investments holistically
Mistake #4: Not being diversified
Mistake #5: Not managing risk in your portfolio
Hidden Facts of Finance
Mumbai is at the center of the real estate boom in India. In the latest quarter, 23,743 units were sold up 17% from last year and the most of any city in India.
Investor sentiment can get crazy. Pets.com rose to 14 billion market valuation after it went public in February 2000 with only 3 million in revenue.
The world’s 50 most valuable sports teams are now worth a combined $256 billion up more than 15% from a year ago according to Forbes, highlighted by Apollo Global Management founder Josh Harris buying the Washington Commanders for $6 billion, the most ever paid for a sports team.
