The Money Alchemist Podcast

De: Ben Jones & Brent Gargano
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  • Resumen

  • Join two dudes, Ben and Brent, to discuss current market events and savvy financial strategies to build wealth consistently over time.
    The Money Alchemist 2023
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Economía Finanzas Personales
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Episodios
  • Buy The Dip: Building Wealth Through Consistent Strategy, Not Perfect Timing

    Buy The Dip: Building Wealth Through Consistent Strategy, Not Perfect Timing
    Apr 26 2025
    Too low to sell, too cash poor to buy the dip. So laments an X user over this past week as he describes his current state of financial affairs. No one wants to be a sucker yet prudent investing requires that you subject yourself to the fickle whims of the market - all in. It’s hard not to feel like a sucker when you buy something only to watch it go on sale the next day. Unlike Costco, financial markets will not retroactively match pricing (for retail investors). This leads to a tendency to hold unproductive cash, waiting for an elusive signal for the lowest low. Only then can we brag to our spouse that we’re better than everyone else. Catching the bottom seems like it's a critical component of investment success. Pulling it off with style can even garner celebrity status and a possible Netflix deal. Having personally worked with hundreds of households over my two decade career, many of which have built substantial wealth, not a single success story can pinpoint buying a dip as its primary contributor. In fact, reserving idle cash for timed purchases hurts long-term results. Most years are positive in the stock market. Most trading days result in positive returns. It stands to reason that a diversified equity portfolio, if left alone, will produce positive results. Cash, on the other hand, will only produce a return equivalent to the prevailing 3-month T-Bill less a spread or a fee. This is usually close to the CPI stated rate of inflation. The delta between cash vs investment returns grows exponentially over time. Failure to catch a bottom results in underperformance, and that is usually the outcome. But at least this underperformance feels good in times like these. In fact, it feels so good that we often don’t pull the trigger when we should. Exactly zero normal people like getting out of a warm bed on a cold winter day. Yet, this is what success mandates. The markets feel ice cold right now because this is the media sentiment. I read and watch the same drivel you do, this article excluded or course. Most of it is pregnant with depressionary nostalgia. “Levels not seen since 1928!” Like my children, surprised when bedtime happens every night, investors act as if they are reading hyperbole as fact for the first time ever. This is your signal. This is when you buy and you will NOT catch the bottom. That requires clairvoyance, luck or enough capital to synthesize market movements. Apply within if you have any of the above. Progress on the path to wealth is made through consistent adherence to strategy. Like putting one leg in front and then the next, it is patient and without overthinking. So too should be your investing strategy. There are situations in which you might find yourself with lump sums of cash when markets are down. This is a good position to be in! Join us as we discuss what to do in these situations, as well as for some timely market prognosis! Reference Links: J.P. Morgan Guide to the Markets - PE Ratios & Equity Returns T.Rowe Price - The Cost of Cashing Out Vanguard - Staying the Course ____ About your Hosts Ben Jones, CFP® Managing Director, National Wealth Management Group www.nwmgadvisors.com  Sign up for Ben’s newsletter at www.karastick.com  Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/ ___ Brent Gargano, CFP® Founder & Advisor, Infinite Wealth Planning  www.infinitewealthplanning.com Connect with Brent --> linkedin.com/in/brent-gargano-cfp®-2067b573 ______ Editor Trevor Gargano Email: Trevor@trevorgargano.com Linkedin: https://www.linkedin.com/in/trevor-gargano-72727b67/ Website: TheDigitalQuarterback.com ______ 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 ______  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.  Advisors associated with National Wealth Management Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of National Wealth Management Group; or (2) solely investment advisor representatives of National Wealth Management Group, and not affiliated with LPL Financial. Investment advice offered through National Wealth Management Group, a registered investment advisor and separate entity from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The information presented is for educational and informational purposes only and is not intended as a recommendation or specific ...
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    52 m
  • Is This Time Different?: America's Tariff Strategy and the Spectre of Recession

    Is This Time Different?: America's Tariff Strategy and the Spectre of Recession
    Apr 12 2025
    Fitful swings in equity and bond markets this past week have wrecked more sleepful nights than drunk neighbors on Independence Day. What can be done? The NASDAQ hourly chart resembles an EKG reading of a fibrillating heartbeat. Some fear this could be the heartbeat of the new American economy. Treasury Scott Bessent has been making the rounds on numerous media outlets with defibrillator pads at the ready. Perhaps the cold plunge into the tariff pool may have been too much for prediabetic markets accustomed to a diet of loose fiscal policy. Financial stimulus is as addicting as sugar, so say the economists. Though positive outcomes could arise out of the tariff negotiations, there are too many hands in the till that benefit from the status quo. Change is unwelcome when large sums of money are involved. Even the benchmark 10-year Treasury has come under attack with yields increasing by approximately 50 basis points. Strange for the sudden shift in risk-off sentiment. Almost as if a sovereign bond holder were dumping T-Bonds to apply strategic pressure on Washington D.C. But that is just silly speculation. Something is different about this selloff, but the principles of investing remain. Equity markets often temporarily decouple from their long-term fundamental purpose, which is to value the progress of human innovation, growth and trade. We can see equity markets plunge regularly by -10% or more. In fact, this happens most years. Bear markets occur every 5 years, on average. And yet, a recovery has never failed to materialize. What happens next is not without precedent. We believe it will be no different, despite cries to the contrary. Remember, hyperbole is usually wrong and this is why we call it hyperbole. The news demands your attention and will go to great lengths to get it. Balance out your newsfeed with Ben and Brent as they dive further into this topic. They discuss tariffs, recession worries, history of America’s major bear markets, and what to expect next. ______ About Your Hosts Ben Jones Managing Director, National Wealth Management Group www.nwmgadvisors.com  Sign up for Ben’s newsletter at www.karastick.com  Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/   ____ Brent Gargano, CFPⓇ Founder & Advisor, Infinite Wealth Planning  Brent's Website --> www.infinitewealthplanning.com Connect with Brent on Linkedin - > linkedin.com/in/brent-gargano-cfp®-2067b573 Sign Up For Brent's Newsletter -- > https://share.hsforms.com/1maVO0YZ0T3uIA80kyeGi1Any3h8   ______ Editor Trevor Gargano Email: Trevor@trevorgargano.com Linkedin: https://www.linkedin.com/in/trevor-gargano-72727b67/ Website: TheDigitalQuarterback.com ______ 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 ______  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.  Advisors associated with National Wealth Management Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of National Wealth Management Group; or (2) solely investment advisor representatives of National Wealth Management Group, and not affiliated with LPL Financial. Investment advice offered through National Wealth Management Group, a registered investment advisor and separate entity from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The information presented is for educational and informational purposes only and is not intended as a recommendation or specific advice.
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    56 m
  • Smart Tax Planning: Tax Tips for Investors and Business Owners

    Smart Tax Planning: Tax Tips for Investors and Business Owners
    Mar 29 2025
    America’s least favorite day is quickly approaching in a little over two weeks. Millions scramble to frantically count their beans while the oppressive Eye of ‘Providence’ lords over them. April 15 may usher in the Spring with all its good vibes, longer days, and the smell of outdoor barbecues with freshly cut grass. But it also marks a cumulative day of stress with the unholy combination of a strict deadline with complex accounting that exposes the consequences of last year’s financial decisions. The instinct is to bum rush the problem with brute force intensity, outsourcing as much work as possible to caffeine tweaked accountants. Mistakes are made, and tempers are bound to flare. Let 2025 be the year you get ahead of the problem. Good tax planning is a year-long process and Ben and Brent discuss what this entails. They highlight several common areas where they see mistakes so you can avoid them. The overarching message is to not rely on your accountant, accounting software, and definitely not the IRS to catch errors on your return. While tax calculations are formulaic, the results are only as accurate as the input. The art of tax planning involves optimizing and confirming accuracy of the inputs over all relevant tax years. It's a great way your financial advisor can add value! Topics discussed include: What is a 1040? Components of a tax return? Planning opportunities along the tax return:Maximizing above the line deductions, retirement plans, corporate benefitsBusiness deductions, strategic planning done to reduce taxable incomeBack door Roth IRA - Roth Capital gains - which bracket are you in? Strategic ways to use gains/lossesBeing aware of itemized vs standard deduction, can you “bunch”? Estimated payments, how does it work and opportunities to take advantageBorrowing from appreciated assets to defer tax - like the billionaires What are some of the common elements we see in client tax returns that are “high risk”?Don’t assume the tax return tells the whole story Back door Roth IRA’s - easily reported incorrectly RSU’s - underwithholding issues and basis reporting issuesQCD’s incorrectly reportedThings that don’t even generate a tax form (estimated payments) Looking to the future - TCJA expiration in 2026 and possible tax outcomes ______ About Your Hosts Ben Jones Managing Director, National Wealth Management Group www.nwmgadvisors.com  Sign up for Ben’s newsletter at www.karastick.com  Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/   ____ Brent Gargano, CFPⓇ Founder & Advisor, Infinite Wealth Planning  www.infinitewealthplanning.com linkedin.com/in/brent-gargano-cfp®-2067b573 Read Brent's latest newsletter --> https://40221980.hs-sites.com/infinite-wealth-plannings-february-newsletter-is-live?ecid=&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-_Efdxwvp3oso7SBWpKxOU7Rxa0wru_6V-AGrl_LgK7QRQR8XQhfQHlOLqA4xUUUKt9_Phs Sign Up For Brent's Newsletter -- > https://share.hsforms.com/1maVO0YZ0T3uIA80kyeGi1Any3h8   ______ Editor Trevor Gargano Email: Trevor@trevorgargano.com Linkedin: https://www.linkedin.com/in/trevor-gargano-72727b67/ Website: TheDigitalQuarterback.com ______ 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 ______  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.  Advisors associated with National Wealth Management Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of National Wealth Management Group; or (2) solely investment advisor representatives of National Wealth Management Group, and not affiliated with LPL Financial. Investment advice offered through National Wealth Management Group, a registered investment advisor and separate entity from LPL Financial. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The information presented is for educational and informational purposes only and is not intended as a recommendation or specific advice.
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    1 h y 9 m
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