WEALTHSTEADING Podcast investing retirement money stock market & wealth

Episode 506 Venezuela oil is all over the news, which stocks should you buy, sell or hold?

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Episode 505  The title says it all.  Happy New Year!

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Episode 504   If you’re paying attention you’re witnessing Adam Smith’s “invisible hand” of the economy playing out in the AI secular growth trend.

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Episode 503 If you’re going to go to college, ensure you’re not wasting time or money.  Here are four strategies that can help you achieve success.

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Episode 502 Because of Trump’s non-consecutive second term, he has the opportunity to shape the Federal Reserve like no other president in modern history.

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Episode 501 The most recent Media driven stock market selloff resulted in the S&P 500 dropping only about 5% and dominantly bounding off its 100 day moving average.  Did you panic or did you buy the dip?

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Episode 500 Celebrating the 500th episode of the Wealthsteading Podcast, this is the original 10 Wealth Building Principles, first recorded on Independence Day 2014. 

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Episode 499 While the S&P 500 is only down a few percent, 65% of its constituents are in a correction, down at least 10%.  Similarly, 44% are below their 200 day moving average. 

So if you’re looking for a dip, look no further, there are plenty of bargains.

Last week I took an overweight position in the Financial Sector buying KBE, KRE, KIE & Visa.

All that and more in this episode.

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Episode 498 The media narrative is extreme negativity about the state of the economy and yet the stock market and GDP continue to expand.  Why?  Productivity, Deregulation, and Industrial Policy are good for corporate profits.

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Episode 497 Fred jumps from investment to investment, always chasing the headlines but never building wealth.

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Episode 496 The S&P 500 is just 2% from a record high but over 63% of stocks are in a correction, down by more than 10%.  If you’re looking for bargains, you don’t have to wait for the market to tank, the bargains already exist.  Don’t try to perfectly time the market. Early this year when the market was at a top, I bought and it worked out just fine. I’m not saying to rush out and buy, I’m currently sitting on over 20% cash. But I’m also not afraid to add to my positions because I have a long term pe...

Episode 495 Last Friday’ panic didn’t last long.  I’ve been hoping for a pullback to buy the dip; but even if that doesn’t happen, that just reiterates the strength of this market.  Bottom line, leadership remains strong and it’s mostly focused on the ancillary AI trade.  What I call the convergence of Industrials and Tech.

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Episode 494  This past week I sold Disney.  I think the company is plagued by bad management and is likely in trouble over the near term.  In this episode I discuss how to identify Blue Chip stock business cycles and how to profit by swing trading in and out of them.

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Episode 493 Beware investing in zombie small cap stocks, 38% of the index is unprofitable. 

If you’re interested in learning about the return of Nuclear Energy, please watch my recent appearance on the Survival Podcast:  https://www.youtube.com/watch?v=QYqf98Fv5Ok

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Episode 492 The title says it all.

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Episode 491 Introducing Joe Pugliano.

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Episode 490 A lightning round of reasons why the enthusiasm about Fed rate cuts may be misguided.

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Episode 489 There are 3 reasons not to like Apple short term and none of them have anything to do with Warren Buffett.

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Episode 488 Tariff inflation fears are back in the headlines; in a future episode I’ll discuss stagflation.  Today I want to FOCUS your attentions on the “secret” that builds wealth: losses are limited & gains are infinite.

What makes John Pugliano tick? Watch this very insightful interview with Nicole from the Living Free in Tennessee Podcast: https://www.youtube.com/live/TVrGAUxNDHA?si=9KgQ1aqF4bs5GrsX

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Episode 487 Whether you’re looking for a spouse with excellent lifetime career earning potential or for a stock market growth opportunity that’s not limited to the narrow Mag7, consider the long term trend of electrification of the economy.

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Episode 486 How do you build a resilient business?  Well, let’s talk about Lincoln Electric…

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Episode 485 Investment gurus lose money just like everyone else.  13F filings are stale news.

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Episode 484 The era of Digitization is rapidly expanding into the  nuts & bolts of the industrial world.

Join me and Jack Spirko as we discuss retirement, wealth and lifestyle design.  This is a casual conversation between two old friends that know what they’re talking about, because they’ve escaped the matrix and live the life they’ve designed.

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Episode 483 The trade deals with the EU & Japan are further confirmation of the long term shift in USA national security strategy and the reshaping of global trade.

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Episode 482 Use strategic diversification to create your own personal ETF.

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Episode 481 The stock market is getting frothy with FOMO and the rise of low quality stocks.  In recent weeks, it’s been a real dash for trash.  I personally have some cash on hand to buy the dip.

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Episode 480 If tariffs are a tax, then how can they be inflationary?  If taxes are inflationary, why doesn’t the Media criticize all taxes for being inflationary?  And if the Smoot-Hawley Tariffs caused the DEPRESSION, then how was that inflationary if prices went down?

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Episode 479 Why do I buy a stock?  Sounds like a simple question but I think most people get it wrong.

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Episode 478 Generac fits a unique niche in the specialty industrial machinery category and I think it’s posed for growth as it takes advantage of the long term trend in electrification of the economy.

Listen to my recent conversation about Industrial Digitization with my friend Andrew Horowitz on the Disciplined Investor Podcast:  https://thedisciplinedinvestor.com/blog/2025/07/06/tdi-podcast-industrial-digitization-928/

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Episode 477 Happy 11th anniversary of the Wealthsteading Podcast.  The difference between being Rich and being Wealthy is like the difference between being Intelligent and being Wise.  THINK ABOUT THAT.  One of the key methods I’ve used to becoming wealthy is by asking  myself two questions before I made a purchase:  1) Does this increase my happiness?  2) Does this increase my freedom?  Don’t just THINK about that, put it into practice.

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Episode 476 Jabil Inc is a quintessential example of the key characteristic of the Industrial Tech Era.

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Episode 475 Why did OPEC+ “unexpectedly” increase curtailed oil production in April? 

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Episode 474:   I’ve harvested profits and pruned an extremely overweight position in Utility Stocks.

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Episode 473: More good economic news you’re not hearing about in the media- 25Q1 S&P 500 earnings likely 13%; Atlanta Fed forecasting 25Q2 GDP growth of 4.6%; all that and more.

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Episode 472: The USA Industrial Technology growth narrative is evident by the fact that year-to-date the S&P 500 top performing sectors are Utilities and Industrials. Also, don’t despair about the 20 Year Treasury Bond negative Media narrative … it’s so insignificant it was discontinued for nearly 40 years.

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Episode 471:  Market review and a list of stocks from my portfolio that are exhibiting long term strength and resilience.

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Episode 470: Want to become more successful? Read Jack Spirko’s new book Laws of Life.

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Episode 469: You won’t hear this in the Media, but the USA economy is extremely strong and resilient.

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Episode 468: Cold War II is an ECONOMIC WAR and we’re experiencing the initial skirmish, the battle of the tariffs.

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Episode 467:  This past week the stock market was hit with what appeared to be a major capitulation selloff, followed by an equally strong “buy the dip”; however, a new rally hasn’t yet been confirmed because follow through buying has come in weak volume.

So, in this episode, I use AI to reiterate the analysis laid out in the previous episode.

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Episode 466: The USA stock market is in a double bottom correction. In this episode, I’ll use a market review to point out contrarian contractions that make me cynically optimistic. To include: Atlanta Fed GDPNow 25Q1 absurdity; German & European four critical economic weaknesses and key levels to watch in the S&P 500 … all that and more.

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Episode 465:  The stock market has been driven lower because of extremely negative investor sentiment.  But I think the reality is a much stronger economy.  The trauma is self inflicted by President Trump.  But like a magician creating an illusion to distract the audience, Trump uses chaos to advance his agenda. 

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Episode 464:  Last episode we discussed comparative advantage as it relates to the success of countries and corporations but the same concept applies to INDIVIDUALS.  The problem that most people have is not knowing what their comparative advantage is.  Should you pursue your passion or force yourself to get out of your comfort zone?  I believe the best path to personal success is to use your God given talents and abilities to relieve other’s pain points.

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Episode 463: Ignore the contemporary arguments about free trade.  There is no free trade.  What there is, is government policies that attempt to distort market forces.  Tariffs are in the news, but deregulation will trump Trump’s tariffs.

In this episode we’ll discuss how market forces are defined by comparative advantage.   And I’d encourage you to think about comparative advantage in terms of how you can benefit from it in terms of your investment portfolio, career and personal development.

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Episode 462: The Media is breathlessly reporting terrifying news about tariffs, executive orders, DeepSeek and anything else that can be detrimental to the stock market.  But you know what?  The Dow Jones Industrial average is up over 5% year to date.  And better than that, performance is expanding beyond the dozen stocks that had been driving the rally.  So far, the equal weight Tech index is outperforming the NASDAQ by nearly 2x. 

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Episode 461: Some of the kneejerk reaction to DeepSeek has already subsided but I want to make the point that advances in disruptive technology is ALWAYS a good thing and shouldn’t come as a surprise.  If DeepSeek is as good as they say, then it will dramatically increase the adoption of AI and strain the electrical grid faster than anticipated.  Just as the adoption of affordable air conditioning drastically changed society, a lower cost version of AI will spur consumption.

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Episode 460: In this episode I discuss over 50 stocks that I own and believe will benefit from the convergence of the secular trend of technology merging with manufacturing.  We’re in a USA manufacturing renaissance.

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Episode 459: Inflation numbers keep coming in higher than “expected”.  The Fed will likely not cut rates as much as anticipated in 2025.  The Market hasn’t been happy about that.  Beyond inflation there are several issues which could impact the stock market early next year, expect a more business friendly environment with less antitrust actions and rolling back of the Chevron Doctrine.

Listen to my recent appearance on The Disciplined Investor Podcast: https://thedisciplinedinvestor.com/blog/2024/12/08/tdi-podcast-the-robots-are-coming-898/

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Episode 458:   Curb your enthusiasm about a Trump Trade because a LOT could go wrong.

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Episode 457:   The BREXIT and Trump’s first election to the presidency occurred in 2016, that marked the first widespread populist discontent among the major Western powers.  Since the pandemic, the situation has only gotten worse.

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Episode 456:   I think that McDonalds HomeDepot & Costco are good companies but overpriced stocks.

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Episode 455:   After the November circus is over, the reality of long term trends will continue to drive the stock market…most likely higher.

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Episode 454:   The economy is driven by energy and right now the energy sector is THRIVING.

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Episode 453:   The media just discovered we’re in a manufacturing recession.  Should you be worried?  Well, manufacturing has been contracting for two years, so it’s not a new problem.  It’s just a new media narrative.

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Episode 452:   US economy continues to grow…are you?

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Episode 451:   Two weeks ago, the VIX volatility index spiked above 65; today everything is honky dory (:

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Episode 450:   What started out as a quick commentary on current market conditions ended up digressing into rants and gems of wealth knowledge.  This is evergreen content, listen to it more than once.

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Episode 449:   Celebrating a decade of the Wealthsteading Podcast- earnSAVEinvest – that’s a cryptic message that BROKE people don’t understand!

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Episode 448:   The Fed has cut their balance sheet reduction by more than 50% while keeping mortgage rates high.

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Episode 447:   Just listen to this episode…

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Episode 446:  Stubborn inflation & geopolitical instability are causing a stock market selloff.  That shouldn’t come as a surprise to Wealthsteading Podcast listeners.  So far, the decline is surprisingly mild.  In this episode I discuss my rationale for taking a concentrated position in the Utility sector.  LONG TERM Utility Stocks can offer a trifecta of benefits: Value-Growth-Defensive.

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Episode 445:  The Fed likely won’t start cutting interest rates until June or July, that means we still have several months to enjoy 5% risk free rates.  So now it’s time to start thinking about moving back up the risk scale.

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Episode 444:  On a daily basis, markets are driven primarily by fear & greed.  Ignore the economic gaslighting and focus on sound fundamentals.

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Episode 443:  Why are investors and Wall Street ignoring the clear and present danger of geopolitical instability and escalation of war?

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Episode 442:  Once again foreign, Emerging Markets and Chinese stocks are being touted as the next best investing opportunity.  Maybe…maybe not.

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Episode 441:  Small Cap stocks are the canary-in-the-coalmine early warning system of the stock market and right now they’re underperforming.  As an alternative to the IWM consider SPSM which screens for profitability. 

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Episode 440:  Happy New Year !!!  Here’s some thoughts on closing out 2023 and ringing in 2024.

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Episode 439:  2024 Investing Themes- review & commentary

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Episode 438:  Fed isn’t planning to hit 2% inflation target until end of 2026.  Fed rate cuts in 2024 would keep the yield curve inverted.

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Episode 437:  Layoffs at smaller companies appear to be on the rise.  That’s good and bad news.

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Episode 436:  High Yield is a marketing euphemism for JUNK.  I don’t often buy bond or bond funds, but when I do, I only purchase INVESTMENT GRADE.

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Episode 435:  The Santa Claus rally is a seasonal phenomenon mostly driven by tax policy.  Like New Year’s resolutions, it usually quickly fades…leading to the 2nd Quarter phenomenon known as “sell in May and go away”.

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Episode 434:  In the early stages of building wealth, the key factor is SAVING.  Saving is also one of the few things that you have influence to control.

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Episode 433:  How to become a master craftsman in your career.

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Episode 432: This past week Walmart stock climbed to a record high, then abruptly retreated, to close down more than 8%.

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Episode 431: In yesterday’s session the Market had an impressive breakout, in all aspects.  Price, volume and breadth were all superior.  We’ll see if it holds.  I’m skeptical of the foundation of all this enthusiasm- namely that rates are going lower and profits higher.  In today’s episode I’ll discuss the shell game of earnings estimate beats, with an example of Home Depot.

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Episode 430: The S&P 500 peaked in January 2022.  It’s worse for the RUSSELL2000, with a current price at below pre-Pandemic levels. 

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Episode 429:  Corporate CEOs are becoming less optimistic about 2024 and recent IPOs are a disaster.

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Episode 428:  Wall Street is obsessed with the possibility of lower interest rates.

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Episode 427:  The Market has been down for two consecutive months…how bad will it get?

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Episode 426:  Interest rates and monetary policy can’t solve the global supply conundrum.

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Episode 425:  The slowdown in Germany is characteristic of the general global malaise. But…German industrial giants have survived multiple world wars, they’ll survive this current situation.

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Episode 424:  The major indexes have regained their 50dma but global trade is slowing as evident by the decline in exports from China, Germany & Japan.  Short term markets are exuberant for peak interest rates but are ignoring the risk of structural shifts in the global economy.

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Episode 423:  If the handful of tech stocks that have been propping up the Market are starting to stall, then perhaps the S&P 500 is headed lower.

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Episode 422:  The Fitch downgrade of US debt caused almost all asset classes, including precious metals to go down…why?

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Episode 421:  Listener question- why aren’t I investing in Small Cap stocks?  Headlines- FOMC, 2nd Qtr Earnings, Leading Economic Indicators, Grain Prices, Multiple Expansion, Chinese & Japanese stocks….all that and more.

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Episode 420:  Economic forecasts, PMI surveys, as well as market indicators like Metal & Petroleum prices are all pointing to a very mediocre global economy.

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Episode 419:  Money Market Funds are paying yields at 15 year highs…that’s where most of my money is currently parked.

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Episode 418:  Today we celebrate nine years of Wealthsteading… a daily disciplined methodical approach to taking stewardship of your assets.

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Episode 417:  The is the audio portion of a midyear economic presentation given on June 27 2023; the full video can be seen at:   

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Episode 416:  Regardless of what the Fed does with interest rates, the global economy is slowing, inflation is sticky, and zombie companies are starting to file bankruptcy.

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Episode 415:  “A lot of real estate isn’t so good any more…We have a lot of troubled office buildings, a lot of troubled shopping centers, a lot of troubled other properties. There’s a lot of agony out there.”   Charlie Munger, VC, Berkshire Hathaway

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Episode 414:  The key advantage that individual investors have over large institutional investors is the ability to move to CASH in anticipation of a market decline. 

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Episode 413:  I park my money temporarily in a Money Market Fund to preserve the principal and keep it 100% liquid.  The interest rate is a secondary consideration. 

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Episode 412:  The Market has been stagnant.  I continue to believe there is more downside risk than short term upside potential.

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Episode 411:  The Economy & Stock Market are at an inflection point…they could break up or down…my bias is to the downside.  But either way, now is the time to prepare for the new company leadership that will eventually emerge.

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Episode 410:  Hedging strategies like selling short, buying options contracts or inverse & leveraged ETFs can be costly and might result in a steep loss.  Simply parking your money in a cash equivalent money market fund might be the least expense risk mitigation strategy.

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Episode 409:  The Market is seemingly complacent about declining corporate profits.  Did I mention that I’m ~ 90% in cash?

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Episode 408:  The fact that banks don’t have enough money to cover deposits isn’t a failure of the system, it’s a design element. 

Want to become rich?  Stop thinking about wealth in terms of currency…production is the source of wealth.

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Episode 407:  To reiterate…we’re not yet seeing a Black Swan event or a failure of the system.  What’s happening in the economy is what should be anticipated during a Fed tightening cycle.  What you’re witnessing isn’t a failure of the system, it’s the way the system is designed to work (by the Central Planners).

We’re currently in the contraction phase of the Business Cycle.

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