The Money Alchemist Podcast

Running From Bears

What should you do when market volatility spikes to the downside?  We’ve heard to never run from a bear but lie down and play dead.  The same holds true in bear markets, more or less.  Ben and Brent go a few steps further on what to do.  First, they elaborate on what’s behind the August 2024 spike in volatility.  
 
The market may have calmed down for now, but a listen might help you prepare for the next correction.  
 
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Follow our socials to support the podcast; see extra clips and announcements!
 
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod 
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About your Hosts
Ben Jones
Managing Director, National Wealth Management Group
www.nwmgadvisors.com 
Author, www.karastick.com 
@thekaratstick
https://www.linkedin.com/in/ben-nwmg/
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Brent Gargano, CFPⓇ
Founder & Advisor, Infinite Wealth Planning 
www.infinitewealthplanning.com
linkedin.com/in/brent-gargano-cfp®-2067b573
 
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Resources:
 
Economic Calendar
https://fidelity-fcm.econoday.com/byweek?cust=fidelity
 
Yen Carry Trade
https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-08-05-2024/card/why-the-yen-carry-trade-unwind-has-further-to-go-SYsvxWxTvLGLCUsDTDM5
 
First trust history of markets:
https://www.ftportfolios.com/COMMON/CONTENTFILELOADER.ASPX?CONTENTGUID=4ECFA978-D0BB-4924-92C8-628FF9BFE12D
 
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Editor
Trevor Gargano
Trevor@nwmgadvisors.com
 
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Disclosure:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 
Securities offered through LPL Financial, Member FINRA & SIPC..  Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

Fortunes Into the Future

Ben and Brent sit down to discuss how wealthy families can preserve legacy through generational gifting using strategic planning.  Everyone has an estate plan, the default option usually being the worst one.  It’s important to think about what impact your money will have on people after you die.  It’s an uncomfortable reality to face, but a failure in doing so can cost you what would otherwise be a wonderful legacy. 
 
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About your Hosts
 
Ben Jones
Managing Director, National Wealth Management Group
www.nwmgadvisors.com 
Author, www.karastick.com 
@thekaratstick
https://www.linkedin.com/in/ben-nwmg/
 
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Brent Gargano, CFPⓇ
Founder & Advisor, Infinite Wealth Planning 
www.infinitewealthplanning.com
linkedin.com/in/brent-gargano-cfp®-2067b573
 
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Sources:
 
Estate & Gift Tax
https://taxfoundation.org/data/all/state/state-estate-tax-inheritance-tax-2023/
 
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Editor:
 
Trevor Gargano
Trevor@nwmgadvisors.com
 
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Disclosure:
 
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 
 
Securities offered through LPL Financial, Member FINRA & SIPC..  Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

Market Seasonality: Fact or Fiction

Some investors seek to cool off their portfolios by sitting on the sidelines under the shade.  Is market seasonality still a thing, and what should investors do about it?  Ben and Brent shed some sunlight on the old “sell in May and go away” sentiment and break down the phenomenon and the login therein. 
 
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Today’s Host
 
Ben Jones
Managing Director of National Wealth Management Group, LLC
www.nwmgadvisors.com
Author of karatstick.com 
Follow him on X @thekaratstick 
 
_
 
Brent Gargano, CFPⓇ
Founder & Advisor, Infinite Wealth Planning 
www.infinitewealthplanning.com
linkedin.com/in/brent-gargano-cfp®-2067b573
 
___
 
Follow our socials to support the podcast; see extra clips and announcements!
 
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod 
Facebook: https://www.facebook.com/profile.php?id=61556458987483 
 
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Sources:
 
S&P 500 Chart
Logarithmic S&P 500 since 1928
 
Ycharts May Blog 
https://get.ycharts.com/resources/blog/monthly-market-wrap/
 
Investopedia sell in May and go away:
Sell in May and go away statistics
 
Invesco: January Effect 
https://www.invesco.com/us/en/insights/january-effect-stock-performance.html
 
A look at major geopolitical events
https://www.carsonwealth.com/insights/blog/market-commentary-a-closer-look-at-the-stock-markets-reaction-to-major-geopolitical-events/
 
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Editor
Trevor Gargano
Trevor@nwmgadvisors.com
 
___
 
Disclosure:
 
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 
 
Securities offered through LPL Financial, Member FINRA & SIPC..  Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.
 
 

An Insider’s View of Social Security

In today’s episode, Ben Jones sits with Jim Blair, Vice President/Co-Founder of Premier Social Security Consulting, to discuss all things Social Security.  Jim pulls from more than 35 years of experience working for the Social Security Administration.    
From when to file to the financial health of the program, they cast a wide net.  Whether you’re about to file for your benefit or you’re just curious about how it works, this is worth a listen!
 
Today’s Host
Ben Jones
Managing Director of National Wealth Management Group, LLC
www.nwmgadvisors.com
Author of karatstick.com 
Follow him on X @thekaratstick
 
Special Guest
Jim Blair
VP of Premier Social Security Consulting 
www.premiersocialsecurityconsulting.com
jblair@mypremierplan.com
 
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Questions?
Email us at Trevor@nwmgadvisors.com
 
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To support the podcast, we'd really appreciate it if you follow us!
 
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod 
Facebook: https://www.facebook.com/profile.php?id=61556458987483 
 
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Disclosure:
 
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. James Blair and Premier Social Security Consulting are not affiliated with LPL Financial or National Wealth Management Group.
 
Securities offered through LPL Financial, Member FINRA & SIPC..  Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.
 

Art Of A Good Realtor: How To Thoughtfully Construct An Attractive Offer In A Competitive Real Estate World Ft. Todd Finch

Join Brent and special guest Todd Finch as they sit down to talk about real estate. Why now may be a good time to buy, and what you can do to be more effective when buying your next home.
 
For more questions, email us at Trevor@nwmgadvisors.com
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Special Guest: 
Todd Finch - Realtor 
513-785-9994
Tfinch@comey.com
 
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Infinite Wealth Planning:
www.InfiniteWealthPlanning.com
National Wealth Management:
www.nwmgadvisors.com
 
____
 
To support the podcast, we'd really appreciate if you follow us!
 
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod 
Facebook: https://www.facebook.com/profile.php?id=61556458987483 
 
____
 
Disclosure:
 
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Brent Gargano is not affiliated with LPL Financial.
 
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
 
Securities and Advisory Services offered through LPL Financial, a registered investment advisor. Member FINRA & SIPC.
 

Schooling America: Education Preferences Are Changing, And So Are The Funding Strategies

Ben and Brent take a stroll across the shifting landscape of education in the US.  The demand for private education is increasing as popular college funding plans become much more flexible.  College tuition inflation seems to have hit some resistance as high school graduates become more discerning.  Things are changing and mostly for the better!  
 
Join your hosts of The Money Alchemists podcasts to learn more about the state of education in America. 
 
For more questions, email us at Trevor@nwmgadvisors.com
 
Infinite Wealth Planning:
www.InfiniteWealthPlanning.com
National Wealth Management:
www.nwmgadvisors.com
 
____
 
To support the podcast, we'd really appreciate if you follow us!
 
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod 
Facebook: https://www.facebook.com/profile.php?id=61556458987483 
 
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Sources:
College costs:
https://www.bestcolleges.com/research/college-costs-over-time/#:~:text=The%20average%20cost%20of%20college,1963%20to%20%2414%2C307%20in%202021.&text=That's%20accounting%20for%20inflation.
 
History of 529:
https://www.collegesavings.org/history-of-529-plans
 
Ohio EdChoice:
https://education.ohio.gov/Topics/Other-Resources/Scholarships/EdChoice-Scholarship
 
College Tuition Lookup:
https://www.collegeboard.org/college-cost-calculator
 
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Disclosure:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Brent Gargano is not affiliated with LPL Financial.
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
 
Securities and Advisory Services offered through LPL Financial, a registered investment advisor. Member FINRA & SIPC.
 

America Can’t Retire : The State of Retirement in America

Ben and Brent dive deep into Vanguard’s 31-page study on America’s retirement readiness released in 2023. The news isn’t great, as the title of the episode implies. Most Americans will be forced to make less-than-comfortable decisions during their golden years to keep solvent. They discuss what this means for people in this situation and what investors can do today to set themselves up for a retirement full of options.  
 
In today’s episode, we talk about:
How much to people need?
How much to people have?
Why the difference? 
What can you do to be successful?
 
For more questions, email us at trevor@nwmgadvisors.com 
____
 
To support the podcast, we'd really appreciate if you follow us!
 
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod 
Facebook: https://www.facebook.com/profile.php?id=61556458987483 
 
_____________
 
Sources:
Vanguard Study:
https://corporate.vanguard.com/content/dam/corp/research/pdf/the_vanguard_retirement_outlook.pdf
https://www.cnbc.com/2023/06/03/fidelity-how-much-americans-have-in-their-401ks-at-every-age.html
 
Fidelity Guide to retirement savings:
https://www.fidelity.com/viewpoints/retirement/retirement-guidelines#:~:text=Fidelity's%20estimate%20is%20to%20save,my%20savings%20cover%20in%20retirement%3F
 
Retirement Savings Needed by Age:
https://am.jpmorgan.com/us/en/asset-management/protected/adv/insights/retirement-insights/guide-to-retirement/
 
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Disclosure:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Brent Gargano is not affiliated with LPL Financial.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Stock investing includes risks, including fluctuating prices and loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Mortgages are not available through LPL Financial.
Securities and Advisory Services offered through LPL Financial, a registered investment advisor. Member FINRA & SIPC.

Vote Red, Blue or...Green?

Election season is upon us and the question plaguing investor minds is: what should I do in reaction to outcome “X” or outcome “Y”.  Brent and Ben tackle this question head on and discuss what some of the ramifications of the election could be. 
 
While culturally impactful, as it pertains to which flavor of freedom you want, the economic ramifications do not justify a radical shift in investing principles.  Keep your head clear, your chin up, and stay focused on the wondrous spirit of human innovation.
 
For more questions, email us at trevor@nwmgadvisors.com 
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Market Data Sourced By:  
 
YCharts:
https://go.ycharts.com/hubfs/Guide_to_How_Presidential_Elections_Impact_the_Stock_Market.pdf
 
LPL research 
https://www.lpl.com/research/blog/presidential-cycle-still-supportive-of-stocks.html
 
Invesco:
‘https://www.invesco.com/us/en/insights/market-performance-2024-presidential-election.html
 
https://eng11e.seismic.com/i/nLytFJxppKy5JwY3XuwLjOdWqOLhIof4957NNVOmvMqTDpeHHkamxivuHxfPp5UoPLUSSIGNfJm7Vd___EbU___nO2gcPDv9VdPLUSSIGNgJAfE5va92y2kLgtapQTm90NdXJaZEhD0Dz7hAK7 
 
Economic Data Sourced By:
 
Jolts Data:
https://www.bls.gov/jlt/latest-numbers.htm
 
Fiscal Data (treasury.gov)
https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/#:~:text=Spending%20Trends%20Over%20Time%20and,the%20United%20States%20that%20year.
Income Wage Gap: JPMorgan Guide to the Markets
 
______________________________
 
Disclosure: 
 
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Brent Gargano is not affiliated with LPL Financial.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Stock investing includes risks, including fluctuating prices and loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Mortgages are not available through LPL Financial.
Securities and Advisory Services offered through LPL Financial, a registered investment advisor. Member FINRA & SIPC.
 

How Small Business Owners Can Accelerate Growth With Anthony Lewis (Part 3 of 3)

Ben and Brent team up with a local tax planning and business consulting powerhouse, Anthony Lewis, for a three-episode series on small business planning in the post-COVID environment.  
 
Kirsch CPA - https://kirschcpa.com/
 
____________________________________________________
 
Disclosure: 
 
Securities offered through LPL Financial, Member FINRA/SIPC.  Advisory Services offered through National Wealth Management Group, LLC, A Registered Investment Advisor and separate entity from LPL Financial LLC.
The content shared in this podcast by Kirsch CPA Group is based on our own experiences, research, and opinions, and it may not be suitable as professional or expert advice. We highly recommend consulting with qualified experts or professionals when making important decisions related to the topics we discuss. Your individual circumstances and needs may vary, and what works for one person may not necessarily work for another.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Anthony Lewis is not affiliated with LPL financial Brent Gargano is not affiliated with LPL Financial.  Kirsch CPA Group, Infinite Wealth Planning nor National Wealth Management Group, LLC is affiliated with LPL Financial. 

How Small Business Owners Can Accelerate Growth With Anthony Lewis (Part 2 of 3)

Ben and Brent team up with a local tax planning and business consulting powerhouse, Anthony Lewis, for a three-episode series on small business planning in the post-COVID environment.  
 
Kirsch CPA - https://kirschcpa.com/
 
____________________________________________________
 
Disclosure: 
 
Securities offered through LPL Financial, Member FINRA/SIPC.  Advisory Services offered through National Wealth Management Group, LLC, A Registered Investment Advisor and separate entity from LPL Financial LLC.
The content shared in this podcast by Kirsch CPA Group is based on our own experiences, research, and opinions, and it may not be suitable as professional or expert advice. We highly recommend consulting with qualified experts or professionals when making important decisions related to the topics we discuss. Your individual circumstances and needs may vary, and what works for one person may not necessarily work for another.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Anthony Lewis is not affiliated with LPL financial Brent Gargano is not affiliated with LPL Financial.  Kirsch CPA Group, Infinite Wealth Planning nor National Wealth Management Group, LLC is affiliated with LPL Financial.