Payne Points of Wealth Podcast

If You’re Sitting In Cash Right Now… What Are You Waiting For? Ep#84

By June 8, 2022No Comments

What’s up! It’s episode 84 of Payne Points of Wealth! Markets Go Up, Markets Go Down, Markets Go Sideways! We have no idea where the direction of the market is going right now. It’s crazy out there. We’ve got good manufacturing data. We’ve got good employment data. Yet, it seems like something is looming on the horizon. We’re gonna break it down for you. What our view is of the economy right now and how to position your portfolio best given all the uncertainty in the world. On the Tipping Point today, we’ve got lots of questions from you the listeners. We’re going to answer some of the questions that you’ve sent us in the last couple of months, some really good ones that we’re gonna address today to help you on your path to financial independence.

You will want to hear this episode if you are interested in…

  • Is this a 2008 repeat or is it different this time? [1:08]
  • If you’re sitting in cash right now what are you waiting for? [4:42]
  • How can you have a recession when everyone is employed? [7:11]
  • The Tipping Point [9:22]
  • Do you favor selling stocks at this time or just riding the carnage out? [14:57]
  • Hidden Facts of Finance [18:04]

Is it different this time?

We’re getting a lot of questions as to whether this is like the 2008, 2009 great recession, is financial panic on the horizon, or is it different this time? You know the four most dangerous words according to Sir John Templeton are it’s different this time. We’re seeing phenomenal economic numbers so we don’t think that it’s a repeat of 2008 and 2009. But when you see the headlines every day, they just come in so dire. We had JP Morgan’s CEO, Jamie Dimon, come out and say that we have an economic hurricane on the horizon. That’s not comforting. He’s concerned about this big roll off of all these bonds that the Fed’s been holding on their balance sheet. He said, it’s unprecedented and he’s worried about the war in Ukraine. Man, oh, man. It just seems like every headline out there wherever you look, is just negativity, negativity, negativity. Thankfully, we do this podcast to counter some of that.

This week on the tipping point: Q&A

We get a lot of questions from listeners and our clients over the last couple of weeks. So I thought we could answer a couple of them here right on the show. The first question is great because a lot of people probably have the same questions about their financial independence plan.

The first question is: My wife and I are in our 50s and are thinking about changing our lifestyle to do some traveling while we work remotely. What would your advice be towards building a million-dollar portfolio of dividend-producing stocks to supplement our income while we travel for a couple of years? This would consist of solid blue chip dividend stocks and some REIT stocks with high-paying dividends.

The second question is: Do you favor selling stocks at this time or just riding the carnage out? In other words, is this a correction or the beginning of a bear market?

Listen to the episode for our answers to the questions above!

This week’s hidden facts of finance

  • Global GDP has estimated to run $94 trillion this year. The US represents only 25% of that, which says there might be some opportunity to invest maybe outside the US.
  • Saudi Aramco replaced Apple as the world’s most valuable company.
  • Since 1936 dividends have contributed 36% of the total return of the S&P 500 according to a Bank of America. Expect payments again to grow by 13%. this year.

Resources & People Mentioned

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