Excel in Retirement
193 episodes - English - Latest episode: 6 days ago -Where financial planning becomes understandable. David brings interesting stories each week to listeners of his Excel in Retirement show along with actionable ideas that may help listeners avoid pitfalls that many people face in their retirement. David C. Treece began his career in the financial services industry in 2011. He is an independent financial adviser. He has passed the Series 65 securities exam, and he is health and life insurance licensed in several states. David’s financial advisory firm focuses on retirement income planning.David worked for two other financial advisors before founding his firm in 2018. David launched Clients Excel because he has a desire for his clients to have a second to none experience when it comes to their financial planning for retirement. David relentlessly strives to be the best at helping people prepare for retirement.The bedrock of David’s ethos is treating others as he would want to be treated.David works tirelessly to continually bring pertinent content to our clients and friends through our weekly newsletter and podcast. Through these, David brings informative content that may aid you in preparing for retirement. Through his financial planning work, David’s hope is that his clients are empowered to have a confident financial future.David and his wife, Mallory, have a daughter named Amelia and rescue dog named Oscar. They also have a backyard flock of chickens that Amelia loves to tend. David and his family are active in their church in Spartanburg. He is also a volunteer mentor with JumpStart, which is a ministry for people who have been recently released from prison.
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Episodes
How to Make Wise Financial Decisions Ep. 122
July 10, 2024 09:00 - 14 minutes - 9.67 MBDavid starts out with a story about his recent vacation to Hilton Head Island with his family. Then he gets into some practical steps that can help you make good decisions. Today, I have a few practical things that sometime inhibit us from making the best decisions. When it comes to personal finances this is super applicable because we need to get our financial planning right! I just finished reading a book called The Richest Man Who Ever Lived. It’s about King Solomon, who the Bible says...
Can Your Advisor Do This? Ep 121
July 03, 2024 09:00 - 12 minutes - 8.41 MBAnother unique position we have as a company is to be able to offer solutions larger corporatized offices often do not have the ability to do. We all know the bigger things tend to get, the slower they are to innovate. Maybe it’s the bureaucracy or protocols or hierarchies, but whatever it is, when we have to deal with it it’s normally painful. As an independent financial advisory firm, we don’t have layers and layers of corporate executives dictating the advice we can offer our clients. I ...
Is the Stock Market Too Smooth? Ep. 120
June 26, 2024 09:00 - 10 minutes - 7.05 MBConnect with David at [email protected] or call 864.641.7955. Marty and Jess Ansen loved going on cruises so much they opted to cruise indefinitely. I came across an article that said, A retired couple have been living on back-to-back cruises for two years, and claim it's 'cheaper' than if they stayed in a nursing home in their retirement years. Hopefully you’re not feeling our inflation problem quite that much. I don’t know about you, but that would be too long a boat for me. Altho...
Make More Than 5% On Cash? Ep 119
June 19, 2024 09:00 - 10 minutes - 6.98 MBLast week the Federal Reserve board who determines if rates will rise or fall or remain met and determined that they were going to leave rates unchanged for the time being. The board is always vague about what comes next for rates, so it’s to be determined if rates decrease later this year. To many conservative investors this rate environment feels like they’ve walked into a perfect situation, because our rates we earn on cash is elevated. I’d ask you to consider whether the rate we earnin...
Do You Need To Change Financial Advisors? Ep. 118
June 12, 2024 09:00 - 9 minutes - 6.63 MBDavid tells a funny story about having mice. Here is the link to the newsletter he mentioned. Excerpt from the show: The hurdle that some people have is taking the next step. They reached out for help, issues have been identified, a plan of action to better the circumstances has been presented, but we sometimes worry about what comes next. I’ll tell you, it took hours to get the garage in order and the better part of a day. But the results are worthwhile. Moving on from an old advisor who...
3 Indicators Your Financial Planning Needs a Course Correction
June 05, 2024 09:00 - 12 minutes - 8.92 MBIt's easy when we face something we’re not familiar with to shy away from it or move on to a topic we’re more comfortable with. Recently I saw on social media a way to understand our national debt better. This was written on May 20th: · “A million seconds ago was May 8th. · A billion seconds ago was 1993. · A trillion seconds ago was 30,000 B.C. · The US national debt is now rising by $1 Trillion every 100 days.” The Guardian recently published a Harris poll. Accordi...
Bank Failures, Oh My! What You Should Do Ep 115
March 15, 2023 09:00 - 10 minutes - 7.36 MBYou’ve probably heard by now that Silicon Valley Bank failed last Friday. It appears the bank rapidly took deposits over the last few years, and they needed somewhere to place their funds. And here begins the problem. The bank put money in Treasury bonds and mortgage-backed securities. When interest rates go up, bonds lose value. A few depositors figured this out and began withdrawing their large deposits in the bank. Eventually the bank was unable to meet the demand of withdrawals. Which...
How Are You Managing Downside Risk? Ep. 114
March 08, 2023 16:00 - 9 minutes - 6.75 MBLike a lot of people, I’ve always had a job where I work with people, and it’s always fascinated me to try to figure out why people think the way they do. People are unique, but their themes are similar. In my role as a financial planner, I primarily assist Baby Boomers who are navigating how to retire. Or that’s often when we were first acquainted. In our initial meeting I always ask, “How are you feeling about the stock market?” You’d be surprised at the responses, but one theme repeats. ...
Social Security COLAs Not Enough? Here's what to do. Ep. 113
March 01, 2023 16:00 - 9 minutes - 6.75 MBWith inflation at 40-year highs some seniors feel this year’s big cost of living increase in Social Security is falling short. Yahoo Finance had an article last week that said, “According to a new survey by the Senior Citizens League, 54% of older Americans think the 8.7% increase in the Social Security cost-of-living adjustment (COLA) this year won't keep up with inflation.” What’s troubling is that the government’s rapid interest rate increases over the last year have done little to slow ...
90% of People Benefit From Waiting to Claim Social Security Ep. 112
February 22, 2023 19:00 - 16 minutes - 11.5 MBWhen we age into the time we can claim Social Security the temptation is strong to get the money as soon as we can. In fact, most people claim as soon as they can at 62. I get it. I love having extra money in my pocket, but it’s important to understand that we may be giving up quite a bit of money. The Wall Street Journal had an article last Sunday about this topic. It said, “A recent study, funded by the Federal Reserve Bank of Atlanta, finds that retirees often give up tens of thousands o...
How We Do Business. Plus, How To Hedge in Volatility Ep. 111
August 09, 2022 17:00 - 21 minutes - 14.9 MBDid you ever read Sherlock Holmes? In the 1894 story entitled “The Adventure of Silver Blaze” Holmes noticed something odd when he was attempting to solve the mystery. Holmes said, “the curious incident of the dog in the night-time” and the detail that the dog did not bark or make a commotion during the commission of the crime. Holmes concluded that the suspect must be someone the dog knew because the dog didn’t stir. If someone is breaking into a house and a dog resides there, you’d expect...
What Is a Recession? Ep. 110
August 03, 2022 09:00 - 9 minutes - 6.51 MBThe media and the government have gotten creative with answering whether we are in a recession or not in order to make our economic situation better than reality. The traditional definition of a recession is being redefined. Historically, the definition of a recession has been two negative quarters of growth in the gross domestic production. In the first quarter of this year the GDP declined -1.16% and at the end of June the second quarter reading was -0.90%. We are by definition in a recess...
Worry Free Investing in Retirement Ep. 109
July 27, 2022 09:00 - 10 minutes - 6.94 MBWall Street has done a great job of marketing us. So much so that they have convinced us that we should sell our Amazon stock to pay our cable bill. Warren Buffett once said, “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.” We take his advice to heart. We can’t be invested in the market for ten years if we are using that same bucket of money to create income. So, what do we do? This brings us to our last point which is our “income bucke...
Worry Free Investing in Retirement Ep. 109
July 27, 2022 09:00 - 10 minutes - 6.94 MBWall Street has done a great job of marketing us. So much so that they have convinced us that we should sell our Amazon stock to pay our cable bill. Warren Buffett once said, “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.” We take his advice to heart. We can’t be invested in the market for ten years if we are using that same bucket of money to create income. So, what do we do? This brings us to our last point which is our “income bucke...
How Index Funds Work Ep. 108
July 20, 2022 09:00 - 8 minutes - 6.02 MBWe sometimes become quite loyal to the companies we are invested in. It may be a company we worked for or it may be an investment we inherited from our parents. Oftentimes, people in this scenario have a high concentration of their portfolio in one stock or one industry sector. The problem with this type of investing is that sometimes companies or sectors falter and this could leave us overexposed and feeling distraught. Just as if Thriller or Boogie Woogy were to break, Amelia would be d...
Does Your Portfolio Have To Crash With The Market? Ep. 107
July 13, 2022 09:00 - 12 minutes - 8.27 MBIn my twenties I loved riding and racing bicycles! Most of my races were on a closed circuit that was less than a mile long. The race would go around the closed loop for anywhere from 45 minutes or an hour. This kind of racing gets fast! My strategy was to stay in the front third of the group of racers and then in the last lap sprint to the finish. During that hour leading up to the finish it’s a fight to survive and not crash. Every race was an adrenaline rush, but a few of them stand ou...
Couldn't See This Correction Coming? What Do You Mean? Ep. 106
July 06, 2022 09:00 - 9 minutes - 6.36 MBIt was recently revealed that the stock market had its worst first half of the year since 1970 and several analysts are indicating the market still has further to drop. The article linked here states equities “Face a triple whammy of sticky inflation, recession risks, and the threat to corporate profits sinking consumer confidence.” We don’t have to believe the adage that nobody could have seen this problem coming. Congressman Thomas Massise astutely warned in March of 2020 that “The p...
Couldn't See This Correction Coming? What Do You Mean? Ep. 106
July 06, 2022 09:00 - 9 minutes - 6.36 MBIt was recently revealed that the stock market had its worst first half of the year since 1970 and several analysts are indicating the market still has further to drop. The article linked here states equities “Face a triple whammy of sticky inflation, recession risks, and the threat to corporate profits sinking consumer confidence.” We don’t have to believe the adage that nobody could have seen this problem coming. Congressman Thomas Massise astutely warned in March of 2020 that “The p...
Market is Down. What Can You Do? Ep. 105
June 29, 2022 09:00 - 11 minutes - 7.74 MBOur idea of successful retirement planning is creating a proverbial space suit for our clients that insulates them from twitches in the financial markets that we can’t control. We create a buffer that allows our clients to know that they have a stable bucket of money available to them for income and expenses. This bucket of money is productively growing and can be drawn down over ten years. After we have our income and expenses bucket of money taken care of, we use another bucket of money ...
A Common Retirement Pitfall Ep. 104
June 22, 2022 09:00 - 9 minutes - 6.82 MBWhen I was in college I loved riding road bicycles. One of the first full years riding, I rode about 3,500 miles. The next year I started racing. Some people didn’t have a base of previous mileage on their legs before they raced. From the muscle memory perspective, I felt advantaged that I had done the training the prior year. I raced for two years and was able to win two races. It’s addictive. When we start physical activities, oftentimes we feel sluggish and it’s hard. But once we achie...
A Common Retirement Pitfall Ep. 104
June 22, 2022 09:00 - 9 minutes - 6.82 MBWhen I was in college I loved riding road bicycles. One of the first full years riding, I rode about 3,500 miles. The next year I started racing. Some people didn’t have a base of previous mileage on their legs before they raced. From the muscle memory perspective, I felt advantaged that I had done the training the prior year. I raced for two years and was able to win two races. It’s addictive. When we start physical activities, oftentimes we feel sluggish and it’s hard. But once we achie...
Income Money in Retirement: In the Market or Out? Ep. 103
June 15, 2022 09:00 - 9 minutes - 6.56 MBIf you’re watching the news this week you may have seen the wild swings in the market. If one thing is certain it’s that we need to know that when we’re in the market, we may lose money. The market has been generous for over a decade due to easy money policies like ultralow interest rates and government bond buying. The market tends to be forward looking and price events before they have happened, but the government has done a lousy job forecasting the impact of inflation. Government offici...
Income Money in Retirement: In the Market or Out? Ep. 103
June 15, 2022 09:00 - 9 minutes - 6.56 MBIf you’re watching the news this week you may have seen the wild swings in the market. If one thing is certain it’s that we need to know that when we’re in the market, we may lose money. The market has been generous for over a decade due to easy money policies like ultralow interest rates and government bond buying. The market tends to be forward looking and price events before they have happened, but the government has done a lousy job forecasting the impact of inflation. Government offici...
The Ideal Time To Retire Ep. 102
May 28, 2022 00:00 - 15 minutes - 10.8 MBOn The Podcast This Week Doug, our new support staff member, joins David on the podcast this week. Doug and David talk about the ideal time to retire. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Clients Excel, LLC are not affiliated companies. Investing involves risk, including potential loss of principal. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, ne...
Taxes are on Sale! Ep. 101
May 25, 2022 09:00 - 10 minutes - 7.01 MBOur business is growing! We’ve grown each year of our existence and we are on track to continue that pattern this year. We are growth minded, client focused, and desire to continue to serve new clients. Like most businesses, we were required to innovate during the COVID pandemic and fortunately, we came out of that situation stronger than we were. We are growth minded, client focused, and desire to continue to serve new clients. Like most businesses, we were required to innovate during the...
Investing In Our Habits Ep. 100
May 18, 2022 09:00 - 13 minutes - 9.25 MBWhile it looks all but certain that we are heading into an economic recession, it’s important to consider what positive outcomes may be possible during this time. It’s also important to understand that if we do experience a setback due to market losses, we may be able to recover more quickly if we have good investing habits in place. Part of this habit is developed at the outset with clearly defined expectations on how to or how not to react when the market declines. I recently watched a vi...
Will the Fed Go Too Far? Ep. 99
May 11, 2022 09:00 - 10 minutes - 7.07 MBOften people attempt to guess at what will cause the next market correction, and sometimes we are taken off guard. Things like September 11th happen or the Coronavirus. Nobody saw those events coming, and they caused a major downturn in the market. These are commonly referred to as “black swan” events. This year is different. We’ve seen this recession coming. The government announced last year that the Fed would begin increasing interest rates and decreasing its balance sheet. The governmen...
An Alternative to the S&P 500 Volatility Ep. 98
April 27, 2022 09:00 - 18 minutes - 13 MBShortly after the turn of the century a doctor named Gordon Lithgow in the UK coined a new term. Seeking to distinguish between the years we are healthy and functional and our actual lifespan he began using the word “healthspan.” Dr. Peter Attia defines longevity using two things. He says lifespan is how long we live and healthspan is how well we live. Within healthspan he states there are three dimensions. There is the cognitive dimension, the physical dimension or your ability to carry ou...
What You Need To Know Before Retiring Ep. 97
April 20, 2022 09:00 - 18 minutes - 13 MBSo, you’re considering retiring, and maybe you’re wondering how to go about ensuring you have your ducks in a row. I’ll share some actionable tips for how you can make informed decisions about how to begin the retirement planning process. I’ll share with you part one of the steps we walk through with our clients and next week I’ll share the second half of our process. Senator Portman stated a few years ago that 10k Baby Boomers retire every day in a Wall Street Journal article. The goal wi...
Don't Neglect Estate Planning. Here's why. Ep. 96
April 06, 2022 09:00 - 15 minutes - 10.8 MBI enjoy a well thought out plan of execution, and I’m lucky because Mallory, my wife, does as well. The pain with this mentality is that we tend to analyze things and come up with a game plan, then re-examine all the possible scenarios. At any rate, we tend to go into things wide-eyed. I haven’t always been this meticulous. In my teens and twenties, I enjoyed saying “yes” to new opportunities. It was easy to be spontaneous when you had limited bills and felt invisible. Why not jump off tha...
Will The Economy Tolerate Higher Interest Rates? Ep. 95
March 30, 2022 02:00 - 14 minutes - 9.89 MBA couple weeks ago rates went up by a quarter point, and Jerome Powell, the chairman of the Federal Reserve, recently said nothing will stop the government from increasing rates by a half a point in May. The expectation is that if the economy tolerates it, rates may go up six times this year. First Trust, a portfolio manager, stated in their March 18th commentary that home sales had declined in February by 7.2% and were down 2.4% compared to last year. Real estate is one of the first places...
What Is Stagflation Ep 94
March 23, 2022 09:00 - 12 minutes - 8.82 MBIf you’ve been following the news, you may have started hearing the term “stagflation” being tossed around, so I thought I’d share what it is and tease this concept out. We haven’t had to consider this term since the 1970s, and back then the average Baby Boomer was just getting out of school and entering the workforce. The lexicon definition is, “persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.” The good news is we don’t have it yet, but...
How To Create Income In Volatile Markets Ep. 93
March 16, 2022 13:00 - 9 minutes - 6.5 MBMany of us are left hoping for the best this year when it comes to the market. The Nasdaq is down nearly 18% this year and the S&P 500 is down close to 12%. When I’m talking with people, I normally ask how they are feeling about the market. The overall sentiment I get is, “we’re hoping for the best.” If when I went to the foul line when I was playing basketball and I had known I was going to make the basket, I would have loved it. That known outcome would have been a relief, and I could hav...
Are Pensions in Financial Trouble? Ep. 92
March 09, 2022 10:00 - 12 minutes - 8.85 MBThe Wall Street Journal ran a headline on Monday this week that read, U.S. Retirement Funds, Heavy on Stocks, Brace for Losses. It said, “A sustained downturn could squeeze state and local government budgets.” Article here While pensions have been slowly phased out from most workplaces, many governments are still using them. But most pensions today are a far cry from how they were originally used. The first issue came about when employers began putting the burden of retirement readiness on ...
Are Pensions in Financial Trouble? Ep. 92
March 09, 2022 10:00 - 12 minutes - 8.85 MBThe Wall Street Journal ran a headline on Monday this week that read, U.S. Retirement Funds, Heavy on Stocks, Brace for Losses. It said, “A sustained downturn could squeeze state and local government budgets.” Article here While pensions have been slowly phased out from most workplaces, many governments are still using them. But most pensions today are a far cry from how they were originally used. The first issue came about when employers began putting the burden of retirement readiness on ...
Ukrainian Conflict! What To Do With Your Retirement Money Ep. 91
March 02, 2022 10:00 - 10 minutes - 7.26 MBGiven the level of economic uncertainty we are experiencing this year you may be wondering if there is a better way to handle your retirement. Below, I’ll share with you how we are helping our clients. When it comes to making sure our retirement plans are in order there seems to be a lot of people asking, “Is there a better way?” The volatility level in the markets ratcheted up this past week as Russia began its assault on Ukraine. The timing of Vladimir Putin’s attacks seems to eerily coi...
How Making Sure Things Are Correct May Be Life Changing Ep. 90
February 23, 2022 10:00 - 11 minutes - 8.21 MBThe rout in the markets continues. According to the Monday edition of the Morning Brew newsletter, the Nasdaq is down over thirteen percent, the S&P is down nearly nine percent, and the Dow is down six percent this year. Ongoing expectation that the government will increase interest rates soon and end the bond purchasing program it started during 2020 is part of the reason for the pullback. The government recently released the inflation numbers and stated that inflation was seven percent l...
How To Hedge Your Portfolio Ep 89
February 16, 2022 10:00 - 12 minutes - 8.52 MBOver the weekend I read an article from advisor David Nicholas, and in the article, he described the power of hedging. The idea behind this concept is that as your portfolio gains interest, you begin taking some of the gains off the table. You then invest those gains in things that are hedged from losses. Here’s an example of how this works. Forbes states that the S&P 500 gained 26.9% in 2021. Clearly, a great year for the market. If you had a portfolio of one million dollars, that’s a gain...
Bonds & Interest Rates! What's Going on? Ep. 88
February 09, 2022 10:00 - 11 minutes - 7.9 MBMany of us are seeing these shocking inflationary prices in our everyday life, and the government is cognizant of it. Interest rates have been very low for a very long time, and the Federal Reserve has not had much success increasing them in recent years. It normally causes volatility, which is what investors don’t like. The market prices in events before they happen. That’s why the government has been talking about raising rates since last year. Now we’re closing in on the projected date t...
Bonds & Interest Rates! What's Going on? Ep. 88
February 09, 2022 10:00 - 11 minutes - 7.9 MBMany of us are seeing these shocking inflationary prices in our everyday life, and the government is cognizant of it. Interest rates have been very low for a very long time, and the Federal Reserve has not had much success increasing them in recent years. It normally causes volatility, which is what investors don’t like. The market prices in events before they happen. That’s why the government has been talking about raising rates since last year. Now we’re closing in on the projected date t...
Volatile Markets Allow Your Advisor To Shine Ep. 87
February 02, 2022 10:00 - 8 minutes - 6.16 MBVolatile markets like we are having this year remind me why I became an advisor. When things go south and get difficult is where value is seen. It’s a great feeling when we are able to communicate to our clients that they will be okay. With our process, we help our clients develop a plan to weather rocky times like these. The Washington Post put it this way. Click the link to read. We have the perfect storm brewing with a possible Russian conflict and the expectation of rising interest ra...
Will a Recession Happen This Year Ep 86
January 26, 2022 10:00 - 12 minutes - 8.48 MBThe markets have been wild so far this year. On Monday, the market was trading down most of the day and at some points it was down a thousand points. But then at the end of trading the market bounced back. Expect more volatility. In 2021, the economy experienced record growth. According to the LA Times, the stock market saw 68 record highs. But the burner may have turned on a little too hot and now our proverbial dinner is getting burned by inflation. When our money buys less product, every...
How Long-Term Care Insurance Normally Works Ep. 85
January 19, 2022 10:00 - 17 minutes - 12.1 MBDid you also know that the age of those requiring long-term care is actually decreasing? The stats shared in this newsletter are taken from Genworth. In 2010, 81% of care recipients were 65 or older. In 2018, 57% of care recipients were 65 or older. So, younger people are needing long-term care. Remember, that Medicare will only pay 100% of the cost at a skilled nursing facility for 20 days. Also noteworthy, 21% of people require long-term care after an accident. The need for knowledge ab...
Does Your Financial Plan Need a 1% Change? Ep. 84
January 12, 2022 10:00 - 11 minutes - 8.13 MBOne of the speakers at the conference referenced a famous quote by author John Maxwell. Maxwell once said, "When you find your why, you’ll find your way.” Think about it. When I know why I’m doing something, I can do more of it. For example, when I register to run a three-mile race, it’s easier to put in the training miles, because I know why I’m making myself endure the difficulty of getting in shape. Before we do anything, it’s important to ask why we are doing what we’re doing. The book...
Are You Ready To Strive? Ep. 83
January 05, 2022 10:00 - 10 minutes - 6.99 MBSomething I’ve learned is to set achievable goals. It's deflating to make a huge goal, then figure out weeks or months later that the goal is unrealistic. I’ve started making yearly goals that are going to be a stretch, but I believe I can accomplish them. This creates motivation for the next year, because when you have had success it creates positive momentum for the next year. And it allows me to have occasion to celebrate my accomplishments. Toward the end of 2020, the Wall Street Jo...
Is The Market About To Crash? Ep. 82
December 29, 2021 10:00 - 16 minutes - 11.4 MBJim Stack said, “The parallels we have today are historically very, very concerning. The current froth is the icing on the cake, and when you look through it, you see a lot of other underlying issues.” The article began by saying, “Despite a steep 30% market correction last year, the longest bull market on record has helped the S&P 500 surge nearly 300% over the past ten years—roughly in line with the growth in the ten years preceding the dot—com crash in 2000, after which stocks plunged 4...
Is The Market About To Crash? Ep. 82
December 29, 2021 10:00 - 16 minutes - 11.4 MBJim Stack said, “The parallels we have today are historically very, very concerning. The current froth is the icing on the cake, and when you look through it, you see a lot of other underlying issues.” The article began by saying, “Despite a steep 30% market correction last year, the longest bull market on record has helped the S&P 500 surge nearly 300% over the past ten years—roughly in line with the growth in the ten years preceding the dot—com crash in 2000, after which stocks plunged 4...
Thousand Stocks Underperforming Episode 81
December 22, 2021 10:00 - 14 minutes - 9.98 MBBloomberg ran an article this week that stated, “One of the interesting aspects of the brief selloff in stocks in late November was that breadth deteriorated markedly. The broad indexes were only down a few percentage points, but there were more than a thousand stocks making 52-week lows on a daily basis.” So, large indexes were only down a little, but over thousand stocks were the lowest they’ve been in a year. Big companies like Apple and Facebook and Microsoft help lessen the impact of ...
Thousand Stocks Underperforming Episode 81
December 22, 2021 10:00 - 14 minutes - 9.98 MBBloomberg ran an article this week that stated, “One of the interesting aspects of the brief selloff in stocks in late November was that breadth deteriorated markedly. The broad indexes were only down a few percentage points, but there were more than a thousand stocks making 52-week lows on a daily basis.” So, large indexes were only down a little, but over thousand stocks were the lowest they’ve been in a year. Big companies like Apple and Facebook and Microsoft help lessen the impact of ...
The Power of Small Changes Episode 80
December 15, 2021 10:00 - 10 minutes - 7.37 MB...One of the thoughts I had as I cleaned the leaves up was that there is power is in doing small things in small sessions. Often, the hardest thing to do is the first thing, but when I practice doing a little every day, it results in accomplishments. James Clear, a popular author, adapted the famous quote about how Rome was built when he said, “Rome wasn’t built in a day, but they were laying bricks every hour. You don’t have to build everything you want today, just lay a brick.” What bric...