Gen X & Millennial Money Radio: Competent, Conflict Free Financial Advice for Gen X & Millennials

When it became evident that the Coronavirus was going to have a major impact on both the real economy and financial markets, the knee jerk response from the Federal Reserve was to slash interest rates and turn on the printing press. I had my pitch fork ready as I awaited the government’s stimulus package with concern that I would be solely focused on Wall Street and large corporations. To my pleasant surprise I am seeing some significant potential upside for Main Street. Let’s dive into my first client case study - a self-employed clinical psychologist that is married with one child under the age of 17.

This is episode # 004 of XY$ Radio. I just interviewed my brother, Matt Rogers, a radiology resident, about his recent wild success in shorting the Chinese economy followed by the US stock market on the basis of Covid-19. In a matter of just over a month he took his brokerage account from $25 to $160,000…and then promptly ordered a Tesla as a reward to himself. Before we get into this I just want to state clearly that I am not recommending that you try something like this. If you are a client of mine or have had any amount of discourse with me on the topic of personal finance you would know that I am not a gambler - period. The strategies that we discuss were based on some sound fundamental drivers but the timing component of Matt’s bets were highly speculative. With that said, this story was too close to home and just too good to pass up. Enjoy!

The CARES Act was signed in to law on 3/26/2020. That same day, Jeffrey Levine, CPA/PFS, CFP, MSA of Kitces.com delivered a comprehensive presentation named "CARES Act - New Rules, Planning Strategies & Opportunities". I reviewed this presentation several time and this episode will provide you with an overview of my initial understanding of the bill as of 3/27/2020.