The stock market has rallied nicely to start 2019 but we think there is a big problem. The major central banks, the Fed, ECB and BoJ, have pumped up asset prices since 2008 with a massive liquidity injection of $11 trillion. They kept interest rates at ridiculously low levels on the short and long end of the curve and investors were forced into risk assets. This grand experiment is known as quantitative easing. Now is the more difficult part called quantitative tightening, the central bankers are trying to normalize policy.
Find out how Talaat and Tai McNeely worked together to pay off his $30,000 of consumer debt and more recently paid off their $330,000 mortgage in just 5 years!
A 20-year veteran of corporate, agency, consulting and small business ownership, Wendy Glavin of the Wendy Glavin Agency talks growth mindset, continued learning, and using technology to win in business and life.
National best-selling author, host of The Chris Hogan Show, and expert on wealth-building, Chris Hogan shares what he learned studying everyday millionaires. Learn the truth about what it takes to reach millionaire-status in America.
Retired FBI special agent, Jerri Williams talks money and her unique perspectives gained from a career in economic fraud investigations where she studied the schemes con-artists and corrupt corporate and public officials used to steal other people’s money.
Let's close out 2018 strong: Listen to ten tips from the most popular Inspired Money episodes of 2018. Listen, get inspired, and set your big audacious goal for 2019.
This is one of my favorite posts to write every year as we get to look back on Wall Street predictions and see how they panned out. We have done this in 2014, 2015, 2016, 2017 and 2018 so it is a tradition to see which strategists did well and which missed the mark.
Last year, the strategists predicted a bull market for 2018 with an average target of +6%, 2850, for the S&P 500. Those predictions looked pretty good heading into the fourth quarter, but after a sharp decline, all of them badly missed the mark as the S&P 500 suffered through a terrible stretch and hit a year to date low of 2346 on Christmas Eve. The best of the best was Citibank's Tobias Levkovich and UBS's Ben Laidler who both predicted a slightly down year. Now let's take a look at their thoughts on 2019...
Since the end of September, the market has been shaken by the China trade dispute, Fed rate hikes and a government shutdown. On October 31st, I wrote "Is the Fed triggering the next bear market?" and Runnymede began taking some risk off the table for client accounts. We believe this is prudent given that we are in the 2nd longest economic expansion in history. While economic data hasn't shown signs of a recession as of yet, growth has certainly slowed and the government has less ammunition with its ballooning budget deficit. With stock market risks rising, the current administration is looking for answers and trying to instill calm, but it has had the opposite effect.
Entrepreneur and founder of Six-Figure Grind, Kevin Michael Geary talks side-hustles, entrepreneurship, and why you might consider launching an online lifestyle business.
Best-selling author, speaker, and host of The Rachel Cruze Show, Rachel talks about making wise money decisions and using gratitude to resist comparing yourself against your friends' social media feeds.
