Dynamic Growth

Estate planning is the most overlooked segment of the financial planning process.  In this episode we discuss will basics. What happens when you die with a valid will? What happens when you die without a valid will? What can you do to ensure your assets transfer appropriately, and make sure you minor children are assigned the appropriate guardians? 

There are many metrics that can be used to measure the performance of your portfolios.  These benchmarks should be appropriate for your time horizon (how long you have until the money will be needed).  One seldom used benchmark is a multiple of assets compared to income.  This benchmark is often a more direct indication of your retirement savings success.   You can contact us at www.crosbyadvisory.com  

We delve into the intriguing world of investing heuristics and cognitive biases. This week, we're exploring how psychological factors like overconfidence, the illusion of control, and conservatism bias can shape investment decisions, often in unexpected ways. Join us as we dissect these cognitive errors, discuss real-life examples, and provide insights into how investors can navigate these mental pitfalls to make more informed decisions. Whether you're a seasoned investor or just starting out, this episode is packed with valuable lessons on the psychological aspects of investing.

We break down the savings timeline, considering various income levels and investment approaches. But it's not just about saving – we also delve into the current financial climate, discussing the worsening liquidity in the treasury market, and what it means for your investment portfolio. Plus, we analyze how to adjust your returns for inflation to ensure your savings maintain their value over time. Whether you're a seasoned investor or just starting out, you'll find actionable insights and expert advice to help you on your path to financial success. Don't forget to like, share, and subscribe for more financial wisdom #MillionDollarSavings #TreasuryLiquidity #InflationAdjusted #SavingsGoals #FinancialPlanning #InvestmentTips #EconomicInsights #WealthBuilding #PersonalFinance #SaveToMillion"

In this episode we get inspiration from the Nobel Prize Winner Daniel Kahneman in his work "Thinking Fast and Slow". We discuss how that relates to analyzing the economy and picking investments. We also discuss recent data from the labor market and some wild inconsistencies and innacuracies in the data. We hope you enjoy this week's episode!

In this jam-packed episode, we dive into NVIDIA's blowout quarter and what it means for tech investors. Could life insurance really be the new bond alternative in your diversified portfolio? We unpack this unconventional approach. We also discuss the recent Bud Light controversy that's sparking debates. Plus, don't miss our 'Stock to Watch' segment where we reveal a stock that's looking like a promising buy right now. Tune in for insightful analysis, market trends, and financial tips you won't want to miss!

In this episode we discuss troubling economic data coming out of China and more trouble in the banking sector with credit rating agencies putting warnings on the large banks after downgrading U.S. credit. We then discuss how much money people think they need in retirement vs how much they actually need and if people have realistic expectations about portfolio returns and amount of time it takes to save enough to retire early. We hope you enjoy this week's episode

While pessimism often wears the mask of sophistication and depth, it's the optimists who frequently come out on top in the long run. Join us as we debunk the myths surrounding investment attitudes and shed light on the overlooked potential of small-cap stocks. With large caps taking the limelight, we'll explore the compelling reasons why small caps might just be the dark horse set to outperform in the coming years. Whether you're a seasoned investor or just starting out, this episode promises insights that could reshape your investment strategies. Don't miss out!  

In this episode we discuss the recent discussion around the debt ceiling and why it matters, also why it doesn't matter. We discuss the implications of default and what it means for the long term of the U.S. Sovereign Debt. What would have to happen for the U.S. to get the debt problem under control and will that ever happen... We end the podcast discussing recent earnings from Nvidia, a designer of high-power processing GPUs that are used in many areas including AI. They proved wall street analysts wrong by raising revenue guidance by 5B next quarter. The stock moved over $200B in market cap on the news. Is that a justified move? We hope you enjoy this episode of the podcast NASDAQ Earnings CITATION: https://twitter.com/KeithMcCullough/status/1662022317021560832

Today we discuss recent retail earnings in the U.S. the lower-than-expected guidance from Home Depot and strength from Walmart and Target. We also discuss the Bitcoin 2023 conference and the current state of Bitcoin. We discuss China's retail sales and Industrial Output and how it came in under expectations. Nate talks about the new war on plastic and why consumers are switching back to cash for purchases due to problems with point-of-sale and issues in the banking system.

We start the podcast by discussing Eli Lilly and its strong performance year-to-date as well as two promising drugs that they are releasing. We weigh the pros and cons of buying the stock and then dive into the recent decision by the FED to once again raise interest rates in the face of financial turmoil in the banking sector. We end by discussing the best advice we have ever received and how its impacted our lives. We hope you enjoy this episode!

In this video, we'll be discussing the renowned financial guru Dave Ramsey and his incredible impact on helping millions of people get out of debt. While Dave's advice on eliminating debt has transformed countless lives, we'll delve deeper into his wealth accumulation strategies and explore where they may fall short. Join us as we dissect his investment recommendations and offer alternative perspectives to maximize your wealth-building journey.

In this insightful podcast episode, we explore the potential impact of BRICS countries (Brazil, Russia, India, China, and South Africa) developing a new currency that could challenge the dominance of the US dollar in global trade and finance. We delve into the current state of dollar-denominated debt on a global scale, the US dollar's role in international trade, and the economic challenges faced by China. Despite the growing influence of BRICS nations, we argue that the threats to the US dollar's dominance are overstated and predict that the dollar will maintain its position as the world's leading currency for at least a few more decades. Join us for an engaging discussion on the future of global currencies, the evolving landscape of international finance, and the factors shaping the economic power dynamics between the US and BRICS countries. #BRICS #USDollar #GlobalTrade #DollarDenominatedDebt #InternationalFinance U.S. Dollar in Global Trade: https://www.globaltrademag.com/how-the-united-states-dollar-dominated-the-global-trade-space/#:~:text=The%20U.S.%20dollar%20is%20by,the%20rest%20of%20the%20world. Index of International Currency Usage: https://www.federalreserve.gov/econres/notes/feds-notes/the-international-role-of-the-u-s-dollar-20211006.html 65 Trillion Dollars in Global Debt: https://www.visualcapitalist.com/visualizing-65-trillion-in-hidden-dollar-debt/ Dollar in Foreign Reserves: https://www.imf.org/en/Blogs/Articles/2021/05/05/blog-us-dollar-share-of-global-foreign-exchange-reserves-drops-to-25-year-low China's Debt Problem: https://www.forbes.com/sites/miltonezrati/2023/01/16/chinas-overwhelming-debt-burden-points-to-still-deeper-problems/?sh=fdce8e94433a U.S. Debt Problem: https://www.usdebtclock.org/ Heresy Financial : https://www.youtube.com/@HeresyFinancial Brent Johnson (Santiago Capital): https://twitter.com/SantiagoAuFund  https://santiagocapital.com/ Principals for a changing world order Book: https://economicprinciples.org/cwocharts  

In this episode of Dynamic Growth, Derek and Carly Snyder delve deep into the growing skill gap between what employers need and what employees possess. We discuss the impact of trade agreements on the labor market, the role of automation and artificial intelligence in shaping the workforce, and how universities and trade schools are adapting to prepare workers for the evolving job landscape. As globalization accelerates, trade agreements have played a significant role in redefining labor markets. We explore how these agreements have shaped job opportunities, and whether they contribute to the widening skill gap between employers' demands and employees' qualifications. Automation and artificial intelligence have become increasingly prevalent in today's workforce, displacing jobs and creating new roles that require specialized skills. We examine the implications of these technologies on the labor market and discuss strategies to ensure employees remain relevant and competitive in this rapidly changing environment. Universities have long been seen as the cornerstone of higher education, but are they adequately preparing students for the real world? We debate the effectiveness of traditional academic institutions in training workers for the job market and discuss how trade schools have emerged as an excellent alternative for skill-based learning. Join us in this engaging conversation as we navigate the complexities of the modern labor market.

What happened to SVB and Credit Suisse, what it means for other banks, and will there be contagion? Will this cause the FED to pivot or will they remain tight on inflation?

In this episode, we discuss Nate's headaches owning the building and how real estate isnt exactly passive income. Then we discuss a recent exchange between senator Elizabeth Warren and Jerome Powell. We hope you enjoy!

This week we discuss how we changed our minds about the 529 plan and on buying Fixed Income investments. By the end of the year, you can potentially get a positive real return holding short-duration treasuries. This hasn't happened for a long time, we also talk about an interesting strategy with investment-grade corporate bonds as well. We hope you enjoy the podcast!

Carly Snyder joins Derek to discuss the effectiveness of Super Bowl Ads. This year it costs 7 MILLION dollars for a 30-second ad. Why do brands spend so much? Is there a profitable return on that investment? How are brands adapting to new mediums outside of TV advertising?  We hope you enjoy the podcast!

We discuss the recent objectives and goals of the world economic forum and what their prediction for the world looks like. We end the pod discussing the new Secure Act 2.0 and how it affects retirees.

We talk about the positive start to the year and about ways people have been using the machine learning algorithm Chat GPT to automate tasks with high accuracy. What does this mean for the future of work? We end by talking about an ETF that makes investment decisions based on AI, the performance has been terrible so far but what does this look like in 5,10,20 years?

Jobs data shows the unemployment rate is falling and non-farm payroll came in above expectations. While this is good news for the economy, it also means there will be no mercy for the stock market. The FED is looking at the labor market for signs that they are doing too much on the inflation front. With the labor market going full steam ahead this gives the FED more room to tighten into an actual recession. We hope you enjoy the episode

In this episode we discuss how to put good news and bad news into perspective, we also talk about how events in the crypto ecosystem have set the industry back years. Lastly, we discuss if it is finally time to buy bonds or if the FED will have to raise rates higher than they previously stated.

Should politics affect your investment decisions? We think investing should not involve emotions, removing your personal biases from investing decisions will lead to better outcomes in the long term. It's a challenging discussion because if you have moral beliefs embedded in political views, how much are you willing to put up with for more return? We also discuss new inflation data and the most recent FOMC decision to raise interest rates by 50 bps and how that impacts out investing outlook.

In this episode, Nate discusses the world cup and the potential shady business going on with FIFA and Qatar. We also discuss a different way to think about monthly payments and how that can impact financial freedom.  We hope you enjoy this week's episode. If you enjoy this episode please like, share, and subscribe!

FTX was reportedly hacked for 477M hours after they declared bankruptcy, Derek goes into new details surrounding the FTX collapse. Nate discusses a Bank of America study that shows investing trends of the wealthiest Americans.

What the heck is going on in crypto? Derek gives some background and details about what is causing the entire crypto market to panic. FTX was the 2nd largest crypto exchange, they were worth 32B and now have gone bust due to corruption that will likely end in jail sentences for the CEO. Nate discusses how businesses use free cash flow and what investors should look for when evaluating free cash flow.

Nate discusses possible ways that well-meaning financial regulation can hurt the everyday investor. Does receiving quarterly statements hurt your long-term performance? Derek gives some broader context as to why the FED is consistent in their message to tighten financial conditions despite many saying they have over tightened.

If you currently have a pension, Nate gives insight into a unique opportunity for pensions in 2022. With Elon Musk finalizing the deal to acquire Twitter we discuss the implications for free speech and the debate of how much freedom we are willing to give up for security. We hope you enjoy this week's episode.

In this episode, Nate discusses common misconceptions about passive investing and why active management has some distinct advantages during bear markets. Derek talks about recent events in Japan's bond market and the issues they are having with their currency. We end with reflecting on the long-term implications of bailing out the economy during the 2008 housing crisis. 

The calendar marks the next quarter. As we go into Q4 Derek and Nate discuss what is on their radar and changes to the portfolio. We discuss Fixed Income, Stocks, Money Markets, the US Dollar, Commodities, and Real Estate. We hope you enjoy this episode!

We didnt come up with the dollar milkshake theory but it has played out surprisingly well. Brent Johnson of Santiago Capital came up with the theory before the pandemic. It predicts a massive run-up in the dollar and capital flows into the U.S. as other countries are forced to print currency to get dollars to get the things they need.  Nate then discusses the question on whether or not its better to be a specialist or a jack of all trades to build wealth. We hope you enjoy the episode.

Want a chance to win $10,000 from a field goal kick? On October 7th Hillsdale high school is doing a raffle for one person to attempt a 40yd field goal kick. If successful the kicker will win $10,000! Get tickets by visiting Crosby Advisory, Fickes furniture, or Hillsdale high school before October 7th. In this episode, we discuss the recent FOMC meeting where the FED decided to raise interest rates by 75bp or 3/4 of one percent. We discuss the broader implications for markets. We also touch on recent news of the COO of Beyond Meat and his legal battles after allegedly assaulting somebody in a parking lot by biting of a piece of their nose. We end by discussing diversification in bear markets and how to diversify across asset classes. We hope you enjoy the episode.

In a global effort to curb greenhouse gas emissions, many countries have adopted energy policies against domestic self-interest. In Europe, the price of natural gas has gotten so expensive that fertilizer producers are not able to operate profitably, threatening the global food supply. In a related story, Netherlands farmers are mandated to cut down on fertilizer usage. These farmers have been protesting for a while and it has largely been ignored and under-reported by news outlets. We then close by discussing some recent crypto news involving the creator of Terra Luna and his possible legal troubles.    We hope you enjoy the episode!

Nate discusses structured notes and how they can fit into a diversified portfolio and provide some downside protection for conservative and aggressive investors. He also discusses two notes that are currently being offered.  Derek discusses recent news about crypto regulation and the SEC as well as the outlook for FED tightening and ends with discussing the recent run-up in the USD as other currencies fall relative to the dollar. We discuss what that means for the U.S. and the globe and emerging markets in particular.  We hope you enjoy the podcast!

Nate is back from his multi-day trip to the Colorado mountains with nothing but a backpack and a fishing rod. He speaks on some of the revelations he had while hiking and what he brought back from the trip. Derek fills him in on the economic events from last week, namely the Jackson Hole summit and the announcement that the White House chose to forgive up to 20,000 student loans for specific borrowers.  If you enjoy the podcast, please like and subscribe!

At first glance, I am willing to bet a lot of companies will cut their marketing budgets. Marketing is often viewed as an expense but let's be real, marketing is an investment.  Another way to think about this is with your investment portfolio for example. During the last six months, you may have felt the urge to sell some of your investments. But if you listen to this podcast on the regular, you'd know that the best thing to do is to leave your investments where they are. Just like marketing—when investing for the long term—you may reallocate or recalibrate your investment, but you only truly “lose” if you eliminate them. Whether B2B or B2C, your customers' budgets are also in high demand. This is the time when attention needs to be gained, customers need to be educated, and value propositions need to get stronger.

Nate discusses a study in patience with children and its results later in life. This applies to investors in bear markets, patience is a difficult thing to master but important for long-term success. Derek starts a discussion around recent inflation data and the story that Blackrock will begin offering a bitcoin trust to institutional investors and what that means for the core principles of bitcoin. We hope you enjoy the podcast!

In this episode, we discuss inflation once again and give our thoughts on the recent legislation designed to reduce inflation. As well as recent events developing in China and Taiwan. Lastly, Nate gives his thoughts on the benefits of "thinking slow" referencing a book titled "Thinking, Fast and Slow" by Daniel Kahneman and how that relates to emotions and investing. We hope you enjoy the episode!

Back from vacation, Nate discusses some stocks on his radar that he believes will be a great opportunity to buy and hold while receiving a dividend. He also gets in touch with his youth to discuss his recently re-kindled love for skateboarding. Derek talks about the recent news out of the White House that we are currently "not" in a recession despite traditional definitions and lastly we discuss our market outlook not mapping directly onto recent market performance and why investors might be too quick to call the bottom of this bear market.  We hope you enjoy this week's episode!

Derek is back in the studio for the first in-person podcast in a while. We discuss the pros and cons of passive vs active investing. Passive investing is a great plan long term but it can be tough during bear markets. If you know what you are doing and have the knowledge and resources to help, active investing can protect your downside during market drawdowns. We hope you enjoy it, if you like the podcast follow us on social media @crosbyadvisory and share the podcast with a friend!

You get what you pay for Now more than ever an investor has to understand how asset classes work within the market cycle and where you are at in the cycle. Over the years, many investors have gotten away with a passive strategy. When someone wonders why they would pay someone to manage their investments during a bull market, the answer might seem obvious on the surface. Today you might not find the answer quite so simple. You need an iron stomach if you are committed to passive investing.  The most recent CPI (inflation) number was released on June 15 and we were expecting a slight decrease. Unfortunately, it was reported as 8.6% so, despite rising interest rates and quantitative tightening (watch our video explaining quantitative tightening in less than 2 minutes), inflation is still going up. This is not the news we had hoped for because the FED will keep tightening the economy and it appears the dream of a soft landing is off the table. With keeping inflation under control as the top priority, we have to consider that a recession may be on the horizon. As we reflect on where the market is at today, it begs the question as to why this was such a blind-side for the Fed?  As investors, we are at a cross-road. With inflation continuing to climb and the Fed stating they don't intend to lower interest rates until 2024, we suggest you take an informed approach to your investment strategy. You need to understand how asset classes react during different times in the cycle so you can determine the best time to make shifts. We study the market for a living and trust us, this can certainly be tricky.  Crypto washout  Speaking of an iron stomach, crypto investors are no stranger to the swings. Today, crypto markets are not as well regulated as the stock market and one downside is that there is no breaker in place to stop massive sell-offs. It's important to remember that the crypto concept is still very new (relatively speaking) so the swings are somewhat expected. For example, Bitcoin was 65,000 per coin and now it's down to 17,000 per coin (as of June 20). The upside is only the strongest cryptocurrencies will survive.  When we think about the crypto swings, we can't help but talk about price and value. Price is what you pay and value is what you get. Take Bitcoin for example, as people come into the crypto space and adopt the technology the price will go up but most investors will agree that the value isn't the price. The value is the technology.  Diversification – an example  We recently had a raving endorsement to remind us why the modern portfolio needs at least 5 different asset classes. This was the scenario:  A life event occurs where a family member needs to borrow some money  This person needed to pull 10s of thousands of dollars out of their investment account We were able to review their commodity position and found that they had plenty of money (triple what they needed) in assets sitting at a high point  We were able to execute this and not impact their overall account  If you build a portfolio like that there will be times when you'll look foolish – because you have uncorrelated assets some will act as an anchor but you'll have more consistency overall.  In closing … some advice  Just because something looks like a deal doesn't mean it is There really is no difference between being early or being late  The mid-term trend is likely down  Hold your cash, there will be opportunities soon Times will be good again and opportunities will come but for now, stay steady and remember your goals.

We feel we have only brought negative news in the past few episodes so we wanted to switch up the tone. We only wanted to share positive news and information during this episode. We discuss positive news in our personal lives and some things we are looking forward to, hopefully, the episode is viewed as a nice change of pace from all of the negativity constantly surrounding us.

As the glory days of free money come to an end (for now), we are fielding a lot of questions about how to protect investments in a down market. Since January, we've watched a steady decline, and even if you aren't heavily invested in the stock market, you are being hit hard at the gas pump, in the grocery store, wherever you go – you name it, it's unavoidable!  Today we're talking about your 401k investment strategy and giving tips for riding out a bear market Target date funds have been getting some press lately thanks to a recent study by Bank of America. Unfortunately for target-date funds, this study is poking some holes in the fundamental way these funds operate. Bottom line, as an investor you should 1. know if your 401k uses target-date funds and 2. give us a call so we can help you analyze performance.

For those of you that listen to the podcast (vs just reading our summaries), notice anything new this week? Maybe the intro music! We thought it was time to change it up a little – hope you like it!  Today we're sharing predictions from the recent World Economic Forum, Derek gives the latest updates on Crypto, and Nate discusses an interesting new investment opportunity. 

Special Guest Carly Snyder and Malery Sloan take over this week to give insight on social media and marketing. Both have extensive experience in advising clients and Malery brings particular expertise in the realm of social media. We thank her for joining us today and look forward to the next episode.

Have you ever watched something happen and it almost feels like it's in slow motion? You know what's going to happen but there's really nothing you can do to change the course. Sound familiar? It's exactly how we feel when it comes to the market and listening to the most recent earnings reports from major retailers was yet another example of the bear market at work.  In the most recent Fed meeting, the message was clear – continue with the status quo. As we watch the controlled demolition of the stock market transpire, we can't help but remind ourselves that this was the plan. The Fed has stated they want to tame inflation by slowing down the economy through interest rate increases. The tone has changed from the last time the Fed met, however, with a new emphasis on raising interest rates until prices stabilize to 2% of inflation or until something breaks. 

In this week's podcast, we introduce listeners to the Lightning Network – what is it and why is it important to Bitcoin owners. Nate & Derek also give tips for investors that are evaluating banks.  The lightning network is a second layer of technology on top of Bitcoin. It was developed in 2015 to try and solve the major critiques of Bitcoin – it has 10-minute transaction times and lacked global transactional reach. An easy way to think about the role the lightning network plays is the example of cash and gold. The primary goal of cash was to improve the monetary system and make it easier to transact between people and businesses. Sounds a lot like the role banks play – the banks are there to validate the transactions and make sure the money is exchanged. Most stocks are evaluated using PE ratios but we caution you to use those same criteria for banks – here's why! Earnings statements! Banks make money by lending and that is largely influenced by interest rates. They also prepare for losses – meaning they evaluate if they feel confident whether people can / cannot pay loans back. Both of those reasons can lead to a sudden increase or decrease in earnings, depending on what is happening in the market.

Today we talk about famous investor Bill Ackman and his 400M dollar loss on Netflix's stock. We also discuss Elon's purchase of Twitter for $44B and Nate gives his thoughts on what is actually meant by "risk". Lastly, we talk about what it would take to give us a breather in a tough market.

Nate, Derek, and Macy are discussing questions that new investors are likely to ask and we give our different perspectives. We recorded Investing 101 in 2020 but felt we could go even more fundamental with the questions. We hope you learn something and enjoy the podcast.

Carly is back on the podcast to discuss her recent trip to Disney World. On the trip, Nate couldn't help but look at all the small details of branding that are scattered across the park. We discuss Disney as a brand, and how customers come to form opinions about the quality of a product or service.