Podcasts about Dow

Wayne Resnick sits in for Bill Handel. Biden's Legislative Agenda will put price restrictions on drugs as drug-makers prepare for the hit. Cops are needlessly scaring people with fentanyl-laced marijuana stories. Amy King joins Wayne for the Late Edition of Wayne on the News. The two discuss news topics that include: The Merck COVID pill is effective, but experts will review its safety, the Dow has tanked over 900 points as a new COVID variant in South Africa stokes concerns, and the EDD is asking some California recipients to prove their work history.

Renegade Marketing: 12 Steps to Building Unbeatable B2B Brands by Drew Neisser About the Book: Marketing has become ridiculously complicated, but yours doesn't have to be. With decades of hands-on experience, expert strategist and writer Drew Neisser has witnessed the dramatic evolution of business-to-business marketing. Working alongside giant brands like IBM, as well as start-ups and midsize companies, and interviewing over four hundred top practitioners, Neisser uncovered the top four characteristics that all successful marketers have in common: they are Courageous, Artful, Thoughtful, and Scientific (CATS). These four characteristics form the basis for the framework in Renegade Marketing. Over the years, Neisser created a twelve-step formula to radically simplify B2B marketing and build an unbeatable brand. In his book, he shares the stories of marketing CATS as he gives you the tools to: Walk through a highly refined discovery process that culminates in finding your brand's purpose Define your company's purpose in eight words or fewer Build team support for new marketing initiatives while establishing your unique brand story, voice, and design Assemble effective marketing plans that engage employees, inspire customers, and attract new business Drive perpetual growth by creating a culture with metrics, marketing technology, and experimentation About the Author: Drew Neisser is the founder of Renegade, a strategic boutique for B2B innovators, and CMO Huddles, a membership organization exclusively for B2B CMOs. He's also the host of Renegade Thinkers Unite. Ranked among the top B2B influencers, Drew has been a featured marketing expert on ABC News, CNBC, CBS Radio, and Tony Robbins's podcast, among many others. Besides his long-running Ad Age magazine column, he's contributed articles to FastCompany, Forbes, MediaPost, and CMO.com. Drew's first book, The CMO's Periodic Table: A Renegade's Guide to Marketing, published in 2015, features interviews with sixty-four marketing leaders at top brands, including American Express, Dow, IBM, and SAP. Drew started his advertising career at Wells Rich Greene, and later moved to J. Walter Thompson, and Chiat/Day, and then founded the agency that became Renegade in 1993. And, interesting fact – he's obsessed with (and a bit of an expert) on American founding father Benjamin Franklin! Click here for this episode's website page with the links mentioned during the interview... https://www.salesartillery.com/marketing-book-podcast/renegade-marketing-drew-neisser

FROM OUR AUDIO ARCHIVESPlease do not call the phone number in podcast. Use 855-935-8255 instead.Also, the ads and other information may not be accurate at the time you listen.Does "the Dow" exceeding 22,000 mean much of anything? What happens to college savings if your child doesn't go to college.What purpose do bond funds serve in a portfolio?What's the best way to refinance a mortgage.How much is too much to pay for financial advice?

The Dow and S&P made gains while the Nasdaq fell and Jim Cramer is helping you make sense of the numbers as some major stocks sold off. Next, HP CEO Enrique Lores gives the details of the computer company's recent quarter and future outlook. Then, Former CEO of Unilever, Paul Polman, talks about his new book “Net Positive” and how companies benefit by giving back. Plus, Cramer heads to the supermarket to investigate rising prices and what should or shouldn't be done about inflation. After, GAP CEO Sonia Syngal explains how the retailer has been strained by the supply chain crisis and what it has in store for the holiday shopping season.

On today's episode of Gains with Andy Giersher, Chuck Carlson joins us to discuss financial markets, inflation, and the time-tested Dow Theory. He also shares with us a host of juicy stock picks as we reach for serious gains. Chuck Carlson   CEO of Horizon Investment Services and Publisher of the  Dow Theory Forecasts Newsletter Hammond, IN   Author "Winning with the Dow's Losers" See omnystudio.com/listener for privacy information.

The Dow closed up slightly while the S&P and Nasdaq closed down. After a mixed day, Jim Cramer takes you through some forgotten stocks that you might want to add to your shopping list. Then, Traeger CEO Jeremy Andrus serves up some numbers on the growth of home cooking and how the grill company can take advantage. After, hear more from Cramer's exclusive interview with Nvidia CEO Jensen Huang on Nvidia's artificial intelligence technology and his vision for the omniverse. Next, Zebra Technologies CEO Anders Gustafsson joins Cramer on the 30th anniversary of the company's IPO and explains how it benefitted from the supply chain crisis. Plus, Cramer says investors have to stop freaking out about the stock market every time there's another big COVID outbreak – hear why.

The Markets had an interesting week with the Dow finishing down, but both the Nasdaq and the S&P both finished up. Inflation seems to be on everyone's mind, but how long will it stay? Find out what you need to know to look out for in this week's market recap. See omnystudio.com/listener for privacy information.

Welcome to Friday!  The Blue Chips had a rough day today and we'll share why. Also, because it is Friday, Jeff Pitts is in to check out a list of Stuff to DO in the Greater Des Moines Metro this weekend into next week. Enjoy!  But, first the news: Tough day the the Dow...blame COVID; Gas and Oil companies faltered today; Some thoughts on the red-hot housing market; Is truck driving...worth it? Who, really, is responsible for the high cost of insulin? Seems a joint EV deal between Ford and Rivian is dead; Another Detroit automaker is pushing vaccines; The Wall Street Report; And, might inflation be your...friend? Those stories plus Jeff Pitts from Cityview is in....to listen to that conversation about Stuff to DO in the Des Moines Metro just click here!  

Rachel Richards is an author and real estate investor that came from humble beginnings and 'retired' at the age of 27. Rachael demistyfies the overwhelming, intimidating and complex world of personal finances to making simple, fun and accessible.   In this episode, Rachel shares her story of how she got started as a financial advisor, lauched into real estate, scaled up to 40 doors and built a diversivied portfolio. Rachel's Site: https://www.moneyhoneyrachel.com/ Rachel's free passive income starter kit: https://www.moneyhoneyrachel.com/bonus Rachel's Book: https://amzn.to/3kFzKej  --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Rachel: What's up everybody, Michael Albaum here with the remote real estate investor. Today with me I have an amazing guest, Rachel Richards, she is a best selling author, finance guru, real estate investor, former financial advisor, professional speaker just did amazing all around person. And she's gonna talk to us today about all of those topics and more. So let's just jump right into it.   Rachel Richards, thank you so much for taking the time to hang out with me today. I really appreciate you coming on.   Rachel: Yeah, thank you for having me. I'm excited.   Michael: Oh, me too. So I mean, for those of our listeners who don't know you, I know you as a best selling author, finance guru, real estate investor, former financial advisor, professional speaker. I mean, is there anything that you haven't done?   Rachel: Well, I appreciate that you make me sound really good. So I don't know.   Michael: You have seemingly accomplished so much in the financial and real estate space. I would love if you could give our listeners a little bit of background on who you are, what you've done, and then what you're currently doing in real estate.   Rachel: Yeah, for sure. I started as a finance nerd at a pretty young age. I still am a nerd to this day and proud of it. But I grew up in a household where money was always a stressor. And so at a pretty young age, I was motivated to turn things around for myself and become financially independent, and went to college, I became a financial adviser. I'm kind of giving you the high level story. But I read Rich Dad Poor Dad in high school. And that was the first thing that yeah, that turned me on to real estate investing. So I always knew that was going to be my path.   I didn't know about all these other passive income streams yet. And my eyes opened on passive income a little bit later. But I knew real estate investing was one of the key pathways for myself. So I did start investing in real estate with my husband in 2017. I also self published my first book money, honey that year. And we had these two passive income streams, rental income and royalty income. And we focused on growing those as much as we possibly could over the next few years. So fast forward to 2019. So within the span of two years, we had accumulated almost 40 rental doors, six buildings, almost 40 doors, and we've grown our passive income streams, yeah, to over $10,000 per month. So by then I was able to quit my job. We were financially independent. And that is where we are today.   Michael: Oh, my gosh, well, there is a lot to unpack there. That's incredible. So taking a few steps back, do you think that you became a financial advisor because of that angst you were feeling at home. And that's never something you never want to worry about money. So you said if I can get as educated as I can about it, it'll be easier for me.   Rachel: I think there were a few reasons I became a financial advisor. That's definitely one of them. One of them is because my parents were really struggling with money. And I wanted to help them. And for some reason, I felt like I needed to have the credibility of calling myself a financial advisor to finally be like, okay, look, I'm taking over your finances. We're going to get you out of debt. We're going to turn this around, and I'm going to finally manage your money for you.   So I did that. And we did help them and they're doing way better now than they were this was like a decade ago. So that was one of the reasons was to help them. And another reason is because I had the passion for helping people manage their money, I was obsessed with learning about how to invest in the stock market. And the third reason is because I sold Cutco cutlery in college. Have you heard of Cutco knives? By any chance?   Michael: Yeah, I've heard of it. Is that the door to door selling?   Rachel: Yeah, it's like a direct sales company. So it's high quality knives. And of course, when I when I took this job, I had graduated from high school. I was terrified at the idea of taking out student loans because I had read enough books. I knew enough to be hesitant at the thought of that. And I'd seen what student loan debt had done to other people and how crippling it could be. So I was really scared of student loans. I didn't want to take on debt. And my parents were not able to help me pay for college whatsoever. It felt like all my friends I grew up in this really wealthy bubble and I felt like all my friend's parents were paying for their school and good for them, but I was kind of having to pay for it on my own.   So I took this job selling knives. And it was the first time I've been exposed to something where the harder you work, the more money you make. And I knew I could outwork anybody. So I sold knives my mom was less than thrilled about The idea of me selling sharp objects to family and friends, but that's what I did. I sold Cutco. I set sales records, and I paid my way through school and I graduated completely debt free, which is one of my proudest accomplishments. And because of the sales experience, and my passion for helping people with money, I figured becoming a financial adviser was my dream job. And that would be the perfect fit for me. I was wrong about that. But that was my thought at the time.   Michael: Good for you, Rachel. That's incredible. That's really, really incredible. So now you became,   Rachel: Thank you.   Michael: Yeah, you're most welcome. So now you've become a financial advisor, you are looking to help people with money, and their finances. And so I'm curious, where do you see real estate fit into that picture, because I know a lot of financial advisors and a lot of them push products that they make Commission's on or push more passive investments in the stock market. So curious to know how you blended the two for professional level as well as in the personal level, you investing in real estate and seeing how impactful it can be.   Rachel: Yeah, and honestly, that was one of the things that I found disenchanting about the financial advising industry is how financial advisors are incentivized. And they you know, they want you to sell certain products to people that maybe are not in their best fit. So I didn't last very long in that industry, I think I was only a advisor for almost a year, actually. But I always had the dream of becoming financially independent. And so I knew that working in a job where I was trading, my time for money was not the way to become financially independent. So that's where real estate investing made a lot of sense to me, I knew this was something that could be a passive income stream, if I did it the right way. You know, I always tell people, you don't want to have this huge rental portfolio and quit your job to become a full time landlord, right? That's not the goal.   So you have to do this, and you need to have a property manager, that's one thing that will help it become passive. And even with a property manager, there's always going to be an aspect of manage the manager. So it's not going to be perfectly passive. But it is a lot more passive than a nine to five job, or working a sales job or working as a financial advisor.   Michael: Yeah, nice.   Rachel: So it was always my goal to start investing in real estate. And doing that on the side. And my husband, I hadn't met Andrew yet my husband as a financial advisor, but I did meet him later. And together, we wanted to get to this $10,000 A month mark, because I think at the time, our expenses were like $6,000 a month. So it felt like we could cover our expenses and still have a lot of money to save. And just to back up, let me just define what passive income is or the way that I define it. I define passive income as money that is earned with little to no ongoing effort. There are not many things that are truly 100% passive, except for portfolio income.   Most passive income streams will require you to work a few hours a month or a couple hours a week to maintain them. But again, it's a lot more passive than working 40 hours a week as a full time salaried employee.   Michael: Yeah.   Rachel: And the epiphany that we had several years ago, is that once your passive income exceeds your living expenses, you're retired, you're financially independent. So once we realize that it was just this, this constant urge to have enough passive income to cover our living expenses. And even more because we wanted buffer room, we wanted to keep saving money. So that's why we came up with that $10,000 A month goal.   Michael: Love it. Love it. And so you started investing in rental properties in 2017, you said, and two years later, you've got 40 doors under your belt, which is unbelievable. So I'm curious to know, how did you get your start? And what led you or what allowed you to kind of take that first step? Because I think so many of our listeners, and so many beginning investors get plagued by analysis paralysis. So how did you do it?   Rachel: Yeah, that's a great question. And I'm glad you asked when people hear that I went from zero to almost 40 doors and under two years, the first thing they asked me is like, Are you a trust fund, baby. So I always like to clarify right off the bat. I'm not a trust fund baby. I never made six figures actually, from a job or a career. I started off as a financial advisor making $36,000 And my next job I was making $32,000. In my next job I was making $42,000. So by no means was I was making some huge salary to achieve this. We were kind of making average salaries, but working really hard and being frugal and being thrifty in order to accomplish what we accomplish. So always put that out there first. There was a lot of fear, for sure, in that first rental property, and there was a lot of discouraged discouragement along the way. So the first duplex we had been searching for months and months and months to find this first duplex that we invested in. We started looking in early 2016 I think, and I'll back up with a quick story of who was working for at the time.   I was working for this woman who was a very emotionally abusive boss. And I was overqualified for this job, I was underpaid. This is one of the most condescending people I've ever worked with. Like, I just I've never seen an adult person, treat another adult person this way in my life. She regularly made her employees cry. She just made people feel stupid. So it was an awful work experience. Yeah. And there was just this one time where she made me cry. And I was I went to the bathroom to clean up and I just looked at myself in the mirror, I was 23. At the time, I looked at myself in the mirror, and I just decided, I am so sick of this. And I am never going to let another employer treat me this way again. And I'm never going to be financially constrained, again, where I feel trapped in a job, and I can't leave because of finances.   And I remember feeling like I'm so sick of myself, I'm sick of talking about investing in real estate. I'm sick of complaining about this job and not doing anything about it. So it I had this enough is enough moment, where yes, it was a low point for me. But also the silver lining of that is that I finally started to take action. And I finally realized, I'm done with this, I'm going to start taking action, I'm going to get serious, and I'm going to buy my first rental property. And I share that because I think you have to almost have that moment and have that mental jump, where you just decide, okay, I'm going to do this because I'm sick of hearing myself talking about it. Or I'm sick of like living in fear or living in the what ifs or you know, what if I lose money, what if this bad thing happens? What if it doesn't go right? It's like, you just have to take the first step.   So I had that moment, I started to take action, we started to look for rental properties. It took a long time, way longer than I thought. And I think most first time investors experienced this. We put offers on properties. We had a an accepted contract on a property and it fell through. And so there were so many times we're like, this just isn't going to work. And we taught we told ourselves, Well, you know, this works for some people. Clearly, this just isn't meant to be.   Luckily, we got through that. And we kept looking and we didn't let it completely discourage us. And we finally found this duplex. And by then the great news was we'd analyze so many properties that we recognized, this is such a good deal. And we were able to take really quick action, make an offer on the property and close on it. And we were really confident in it because we you know, we made other offers on properties. We'd had accepted contracts, and it was to this day, the best deal we've ever done.   Michael: No way   Rachel: Saw it. We we recognized it. And we we took quick action. Yeah, I mean, the I think we have like a 25% cash on cash ROI or something something. It's at least 25%. So   Michael: That's incredible.   Rachael: That's how we got our first duplex. Yeah, it's crazy. Yeah.   Michael: And so you said that you were facing a lot of headwinds and discouragement and mental hurdles and physical obstacles. How did you and I imagine you're working with your husband at this point, right?   Rachel: Yes.   Michael: How did you know and how, I mean, how did you go about analyzing properties? Was it hey, we've just seen this enough times to kind of know what we're looking for. Did you have a mentor or coach kind of walk you through or somebody more experienced that was able to guide you or were you kind of figuring it out on your own?   So by then, I had taken a couple different jobs in the real estate industry. I partnered with somebody who flipped houses and I learned a lot from him. This job that I'd worked at with this abusive boss, she was a realtor and I was her admin assistant. So I did learn a lot from her as well. I read a lot of books. So one of the best books I read to help me with analyzing rental properties is the book hold by Steve Shader and then the McKissicks, Jim Melinda McKissick. Okay, that was a great book for me to learn how to analyze properties. So I was just kind of going off of what I learned myself to that point and using my own spreadsheets.   Michael: Love it. So you got a kick butt deal. That was your first one down. And then the next just started falling down like bowling pins, and it was a pretty sequential, it sounds like it happened fairly quickly over the span of two years.   Rachel: Yes, it did happen quickly. I'm happy to get into the numbers too, because a lot of people were like, how did you come up with all these down payments if you weren't doing house hacking, because we came up with 20% and down payments, one after the other, which was quick and it was a lot of money. So the first duplex was $100,000. That was the list price. We we had a few advantages going for us that allowed us to save money, first of all, so we both graduated without debt, I sold knives. My husband's a veteran and he used his military benefits for his college.   So we graduate without debt. That was a big advantage because even though we started out not making six figures and I never made six figures my husband did eventually even though We started off not making six figures, we could save a lot a large portion of our salary. Back when I was making 36 grand, I was saving 50% of my income. I was living off something like $1,500 a month.   Michael: Holy smokes.   Rachel: Yeah, in Louisville, Kentucky. I mean, it was very bare bones, I was very, very frugal. So because of that it only took me a few years to save up a decent chunk of money that I could invest into real estate. And then obviously, Louisville, Kentucky is where we invested, it's a great place to invest low cost of living. It's an affordable city. So the duplex we found was 100 grand. So those were some of the advantages that we had. And that's how we came up with the downpayment for that first duplex by 2017, we both had $10,000, we saved and we pulled together to get to the $20,000 downpayment. That's how it started.   Now how we scaled, we did a couple things. First of all, we did not give into lifestyle creep. So those few years leading up to that we were very frugal, we made a lot of sacrifices, we weren't going out to eat with friends, we weren't partying on the weekends. I mean, we were working full time jobs, we were acquiring rental properties. On the weekends, I was starting to write my book in the evenings, we were just working and hustling. It's not like we had these really cool lives or anything. So we made a lot of sacrifices. And after we bought that first property, and we were cash flowing $500 a month in profit, it would have been really easy for us to turn to each other and high five and just decide, wow, now we can really live it up, we have $500 a month, we can increase our quality of life, we could get a new car, we could do whatever.   But we didn't, we decided we're gonna save 100% of this cash flow. And we're gonna reinvest this into the down payment for the next property. So that was one thing we did, we didn't get into lifestyle creep. And the second thing, this is really the key for us. We I had my real estate license, I did not have it for the purpose of having clients. But it was just for my own purposes and representing us as the buyer's agent on the deals. So we would deplete our savings completely to buy the for the downpayment and to buy the property. But then I would be the buyer's agent on the deal, we would represent ourselves. And I would immediately get a commission check back for 1000s of dollars, sometimes it would be 10 grand depending on how much the property was.   So that would be an immediate boost that would help us save for the down payment for the next property. And by then to by 2017, my husband was making six figures. So you think about a 50% savings rate on our combined income. And those other three things that cashflow we kept generating from every successes, successive rental property, the Commission's from the real estate license, we were able to have some very, very fast momentum where we could come up with down payments, one after the other and scale very, very quickly. So that's how we did it.   Michael: That is so cool. That's so cool. Rachel, a question for you kind of about mindset. And how do you square saving so much of your income and being so frugal when it sounds like a lot of your friends and circle may not have been? I mean, it was that hard, like just emotionally to get through?   Rachel: It was definitely challenging. It was definitely challenging. I think from a young age, though I've always had this mindset of, or I always recognize that doing the opposite of what most people do tends to be more successful, I guess I don't know if that's the best way of putting it. But I always was like, I'm going to do the opposite of what most people are doing.   Michael: Yeah.   Rachel: And I was always able to, I guess delay gratification or just keep that motivation in front of me and stay very, very disciplined. So it was difficult. I remember there were times working when I did work in corporate finance eventually. And I remember my coworkers would invite me to lunch. And I always packed my lunch. And so the first few times they invited me out to lunch, I would eat my lunch first and I would join them because I didn't want to miss out, I would want to network and I would want to go to lunch with them because I liked them. And so I would say yeah, I'll go to lunch. And then I would go and just drink water. And so I would explain to them, you know, sometimes I would say I'm just trying to be healthy, or I'm on a diet or sometimes I'd be like, I'm just trying to save money. I would always tell the truth, whichever it was, but…   At first I think they probably thought it was weird. Not that they ever said that. Right? But then they got used to it. And they knew that if they invited me to lunch, I was gonna come and not eat and they were always supportive. And luckily, I've always had very supportive people in my life that helped me along the way. But yeah, I mean, you just have to get used to kind of being the oddball out because it is kind of weird. You're not getting the new car and you're not getting the new house but you know that in the end, you're going to have a lifestyle that's going to be freedom and travel and way different than than what anybody else can experience. until you know that it's going to be worth it. And if you can focus on that, it'll make all those sacrifices in between a lot easier.   Michael: Totally. I forget who said the quote, but it's something to the effect of live like no one now. So you can live like no one else later.   Rachel: Yes. That's a great one.   Michael: Oh, that's awesome. And I totally hear you. Because I mean, coming from a guy who lives in a van with his dog and wife, I totally get the doing the opposite of what everyone else does.   Rachel: Yes, I try to still live by that, especially with investing in the stock market, too.   Michael: Oh, okay. So that's actually a really great segue for something I wanted to chat with you about. So what is your take on the stock market? I mean, is that is that an asset class that you believe in that you invest in to get diversified? Talk to me about that?   Rachel: Yeah, for sure we invest in a stock market. I think the more diversification, the better. So we invest in the stock market, we invest in real estate. And within real estate, we do all kinds of things multifamily self storage, you know, we own direct rental property. And then we have syndications. And then we have REITs, and other types of real estate investments. So I always think the more you can diversify yourself, the safer your portfolio is, stock market investing, I think is an absolute must for everybody. My husband still works a W2 job, even though we're financially independent, he loves his job, he loves what he does. So he has a 401k that we max out every year. And we still have old IRAs that are invested in the stock market.   I am a big believer that what is boring, ends up being sexy in the long term. So we invest mostly in index funds and ETFs. And long term investing, most of the time, I'm not caught up in how the Dow has performed today, or how the S&P is performing or what's going on in the stock market, because I don't look at it. The way I approach the stock market is that it's none of my business. I know that in the long term, it's going to take care of me and that in the long term, the stock market has always gone up, it's going to be volatile, day to day, week to week, month to month, year to year, but over the decades, my money will go up as long as I keep it invested. So I don't think I've ever sold anything I've invested in. And I've started investing at the age of 18. So I'm like 11 years in now.   But that's how I've approached it. I don't invest in crypto, it's not because I don't believe in it. It's just that I haven't had the time to fully educate myself on crypto, and to fully understand it. And if I don't 1,000% understand something, I don't invest in it. It's as simple as that. And I would tell anybody that if you don't understand something completely don't invest in it.   Michael: That's a great tip. That's a great tip. So Rachel, I'm curious to know, because you used to work as a financial advisor, what did you see your really successful clients doing? And where were they investing?   Rachel: Yeah, the I would say the successful clients. I mean, I was a fee only advisor, first of all, so I was advising my clients differently than what other people were doing. I would say that my most successful clients were doing what I told them to do.   Michael: For someone who might not be familiar with the financial advisement world, what is a fee only advisor? And how is that different than some of the other fee structures out there?   Rachel: Yeah, it's really important that clients understand how their financial advisors are being paid. So if you're looking to work with a financial advisor, you definitely need to advocate for yourself and ask, Hey, how are you being paid, what's your pay structure, there's three ways financial advisors are paid. Number one is commission based, that means they're being paid a commission based on the products that they sell to you. That's not a good thing normally, because that means they might be incentivized to push products on you that might not be in your best interest. Number two would be a fee based advisor, which means they could be paid still commission some of the times and fees other times.   And then number three is a fee only advisor. And this is the best way. This would be somebody that is paid, for example, 1% of the assets under management. So they're paid based off of like a fee of your portfolio, or it could be an hourly fee. And this is the one that's the most in alignment with with your values, because the more money you make, the more money they'll make. So that's something you want to ask them, you also want to make sure that they're a fiduciary, that means that they are obligated to act in your best interest and look out for your best interests as your advisor.   Michael: So what you're saying is that there can be licensed and registered financial advisors that are not fiduciaries.   Rachel: Correct.   Michael: That's mind blowing.   Rachel: It is, isn't it and people don't know that. I didn't even know that until I was a financial advisor.   Michael: Wow.   Rachel: And so yeah, there you can have all these certifications and licenses and still not be upheld as somebody that is legally obligated to act in your clients best interests.   Michael: Wow. Okay, well, you have just armed all of our listeners with a Fantastic question. If they're chatting with financial advisors, and it's as simple as argue a fiduciary   Rachel: Mm hmm, that's right.   Michael: That's great. That's great. Okay. And then so getting back to to what you were saying previously about that the most successful clients you had were the ones that listened to your advice, what advice were you giving them?   Rachel: It was, it came down to the same things that I do with my own portfolio, investing in the long term, investing in the, you know, the boring things that I say in quotes, index funds, ETFs. But the thing is, when you invest a lot of your money in the stock market, it can be very scary and emotional. The most successful clients were the ones who did not panic and sell at the wrong time. Because when the stock market's going down, your instinct is to sell and you want to get out and you want to make sure you're not going to lose any more money.   The thing is, though, when the stock market's going down, you don't actually have a loss, right? It's a theoretical loss, you don't actually have a loss until you sell and then you've actually realized that loss, you make that loss real. If you don't sell, the loss isn't real yet. And if you look at the stock market over time, you see that it's always gone up. So if you can just hold out, you just if you can suppress the panic and the fear. And if you can hold out and keep your money in the stock market, even invest more in the stock market, because the stocks are on sale if the stock market has gone down. And if you can just wait that out, it will go back up, it always has in the long run. So the clients that were able to manage their emotions Well, during those times of panic and fear. Those are the ones who did the best in the long run.   Michael: Yeah, that makes total sense. So Rachel, would you say that it's a fair expectation of someone to have have their financial advisor to have the advisor help them manage their emotions and kind of coach them through the highs and the lows of those emotional roller coasters?   Rachel: I think so. Yeah, I think a good financial adviser would do that. And when you're looking for somebody, that's another question to ask. I've seen good financial advisors who set expectations helped manage their clients emotions through the when the markets very volatile. So I think absolutely, and again, this all comes back to the concept of doing the opposite of what everyone else is doing. So when you successfully invest in the stock market, if everyone's hopping on the latest trend and buying the latest crypto, then it could be a signal not to do that. Or if everyone's panicked and selling in the stock market is going down. That could be a signal not to sell. If you do the opposite of what everyone else is doing that can end up being very successful for you.   Michael: Okay, I want to shift gears entirely here and talk about the book that you wrote. Because again, just another notch in your belt, another accolade you have, it's called Money Honey, why did you write it? Who did you write it for? And what can people expect to get out of it if they end up purchasing in a reading it?   Rachel: Well, thank you for asking money, honey was a complete surprise for me because it was it was something I was just doing as a passion project. And when it took off the way it did, I was shocked. But I started writing it in 2017, because I was a former financial advisor and all my family and friends came to me for financial advice, which I loved. And I also began to wonder, well, why aren't they reading books like I did? You know, why aren't they learning on their own? And then I had this aha moment where I realized, oh, yeah, personal finance is boring. It's overwhelming. It's intimidating. It's complex. No wonder, no wonder people don't like to learn about it.   So I thought to myself, How can I make this topic sassy, and simple and fun. And that's where the idea for money honey came from. And the words kind of poured out of me at first, it was something I was really excited to do, just something I felt compelled to do. So I self published the book in September of 2017. And like I said, to my surprise, it just took off immediately. It really resonated with female millennials. And it teaches the basic topics of personal finance, budgeting, savings, stock market, investing, debt, it touches on insurance and taxes as well.   So that is what somebody would get out of it. And it's yeah, like I said, it's done well has over 1100 Amazon reviews now and it just sells more and more every year. So it just blows my mind.   Michael: Right on. And where's the best place for someone to pick up a copy of the book?   Rachel: It's on Amazon, and it's in ebook paperback and audiobook formats.   Michael: Right on, Rachael, this has been so amazing. I really, really appreciate you coming on here. And you're just like a Swiss army knife. Like you just got so many facets to you and so much experience that I love and I know our listeners will love. If people want to learn more about you find out more about your story. Where can they get ahold of that type of stuff?   Rachel: Thank you. I appreciate it. My website is Money Honey, Rachel calm, and my Instagram is money. Honey Rachel and what I would love to do for your listeners is, if anyone wants to download my passive income starter kit, I will give that for free so you can go to moneyhoneyrachel.com/bonus to download that.   Michael: Amazing. Thank you so much. We will definitely link to all of that in the show notes here. Who Rachel, thank you again. This has been so much fun and I wish you the best of luck and hope to stay in touch.   Rachel: Thank you so much for having me.   Michael: Already, everybody that was our episode a big big, big thank you to Rachel. It was so much fun as super insightful. We covered a ton of topics. I am definitely gonna be getting a copy of her book here shortly. If you enjoyed the episode, feel free to leave us a rating or review wherever you listen to your episodes. And as always, we look forward to seeing the next one. Happy investing

Summary: Biden and Xi tensions over Taiwan; Dow higher on strong retail; Israel's new AML rules for Crypto.

Brian Sullivan and investment committee debate if the year-end rally is still on the cards, in wake of hot inflation data and a losing week. Plus, Boeing flying higher, the best stock in the Dow today. Is it time to buy now? Also, a bullish call on one big oil stock. A monster week for retail earnings. The committee will get you ready. And later, Pete Najarian reveals his latest trades in Unusual Activity.

Listen to Julie Zaniewski, director of sustainability at Dow, as she talks about the power of partnerships, rigid vs. flexible packaging, how to drive a circular economy and more. Like this episode? Make sure to leave it a ⭐⭐⭐⭐⭐ review and hit subscribe, so you never miss when a new episode drops!

With the Dow, S&P and Nasdaq closing up to end the week, Jim Cramer's giving you his Game Plan for the week ahead as Mad Money gets ready for a trip to San Francisco. Then, Duolingo CEO Dr. Luis von Ahn joins Cramer for the first time and explains how millions use the company's app and platforms to learn new languages. Then, American Electric Power CEO Nick Akins shares plans for his company's shift to renewable energy. Plus, Cramer breaks down this week's breakups - General Electric and J&J.

Mixed day on the market with the Dow down 159, S&P steady and Nasdaq up .52%. Cramer explains why you don't need to fall for inflation fears and answers questions from West Point cadets for Mad Money's Veterans Day Salute to Service Special. Then, CEO of Lockheed Martin and former Air Force Pilot, Jim Taiclet, talks about why the defense contractor recruits and hires so many veterans. Then, Cramer breaks down the numbers on hiring Veterans, who does it best, and why it's good for business. After, CEO of Sports Entertainment Acquisition Corporation and Navy Veteran, Eric Grubman, talks the importance of hiring and why it's made him successful in business.

It all started on Monday. Stocks were exploding (still), ES was on a Godzilla rampage, the Dow was challenging its rising resistance highs...  Naz was past its channel boundary, even uncle Russell had rolled a D20 for rampage and broken its multi-month range...The markets were in full ‘gasm mode...   ... And then there is the VIX, which had also started to get as excited as a gremlin fed after midnight.   Something was off... The winds of change had swung the weather vane and that was not Mary Poppins floating in on a brolly to feed you a spoon full of sugar...  THIS was something different!   I looked at Sean, eyes wide...  Had he seen what I had?   With a knowing look... he whispered words I never thought to be heard...   We may be in trouble... We're DEFINITELY in trouble!

The Dow, S&P and Nasdaq all pulled back today and Jim Cramer's telling you what you need to know about inflation in this market. Then, DoorDash CEO Tony Xu delivers the details of his company's recent quarter while the market sorts out what to do with COVID stocks as the pandemic fades. Next, Roblox CEO David Baszucki stops by after the stock surged 42% today. Then, Avnet CEO Phil Gallagher breaks down his strategy spearheading one of the world's leading technology distributors and solutions providers though the supply chain jam. Plus, Cramer shares his thoughts on the GE split.

More record closes Monday as the Dow, S&P and Nasdaq continue to surge. Cramer helps navigate the hot market and breaks down some names that have rallied on recent good news. Then, CEO of the Container Store, Satish Malhotra, gives the details on his company's recent quarter after a recent pull back from pandemic highs. Plus, Can electric truck maker Rivian be Tesla 2.0? Cramer's taking a closer look ahead of the company's IPO. And, CEO of Goodyear, Rich Kramer, joins Jim Cramer to discuss how the tire company is letting the rubber hit the road heading into 2022.

The Dow closed up 204 points at a record high, with the S&P notching a seventh straight day of gains, and Jim Cramer is getting you ready for next week's action with his Game Plan. Then, after Carvana reported a mixed quarter, should investors pump the brakes or gas up for future gains? CEO Ernie Garcia stops by and weighs in on the numbers and the company's outlook amidst a used car shortage. Plus, Weyerhaeuser CEO Devin Stockfish.

On today's episode of Gains with Andy Giersher: Bill Ulivieri joined us to discuss different ways to trade and invest in cryptocurrencies. He also discussed the safe ways to store crypto and the basics of crypto mining.  Chuck Carlson gave us the 101 on technical analysis and understanding the time tested Dow Theory. We also discuss stock market momentum and why the equities are poised to continue their run higher.     Crypto Currencies  Bill Ulivieri  Owner of Cenacle Capital Management  Glenview, IL     Dow Theory & Technical Analysis  Chuck Carlson   CEO of Horizon Investment Services Publisher of the Dow Theory Forecasts Newsletter Author "Winning with the Dow's Losers" Hammond, IN   See omnystudio.com/listener for privacy information.

The Dow, S&P 500, and Nasdaq all hit new highs after October's robust jobs report sent the unemployment rate down to 4.6%. Booking Holdings hits a new high as Airbnb posts record revenue. Peloton takes a hatchet to their guidance, so investors take a hatchet to the stock price. Mercadolibre bounces back with a strong 3rd-quarter report. Andy Cross and Ron Gross analyze those stories, discuss the latest with Zillow Group, Pinterest, Square, Under Armour, Etsy, PayPal, and share two stocks on their radar: Axon Enterprise and Titan International. Plus, Motley Fool analyst Asit Sharma talks with futurist Cathy Hackl about the business potential of the metaverse.

The Dow, S&P and Nasdaq hitting new record highs. Scott Wapner and the Investment Committee debate how far the record-breaking rally can go. Widely followed strategist, Tom Lee of Fundstrat, has a year-end S&P target of 4,800. He tells us where he sees the S&P 500 in 2022. Plus, four stocks moving double-digits – Peloton, Expedia, Shake Shack and Live Nation. How to play them from here. Also, the investment committee making a lot of moves – they reveal their latest buys and sells. And later Pete Najarian reveals his latest trades in Unusual Activity

The Dow broke its win streak as the S&P and Nasdaq continued to shatter record highs and Jim Cramer is breaking down what drove the indices both lower and higher. Then, after navigating through rough waters, is it smooth sailing ahead for Norwegian Cruise Lines? Captain Cramer's talking to CEO Frank Del Rio. Then, Papa John's CEO Rob Lynch joins Cramer to dig deeper into how the company could make investors some dough. Plus, Planet Fitness CEO Chris Rondeau talks COVID, the company's franchisees and more.

Every time you think the market can't go higher, it does. Many investors are bewildered by the rise of the stock market since COVID 19.  Milestone after milestone has been hit, including Dow-30,000 even with the economy on one leg. As remarkable as it sounds, stocks still have room to run according to top Wall Street analysts. Pent up demand is building on the half of the economy that is nearly shut down, and the vaccine could get things back to normal. But there is another KEY REASON WHY the market has risen and likely to KEEP rising in 2021 no matter who is running the White House or the Senate. We'll explain that key factor in detail, with data from the Wall Street Journal. Then Steve reviews the 2021 strategy for the Black Diamond and Blue Diamond portfolios. A very timely show you DON'T want to miss...MASTERING MONEY  is on the air!!!

“Salt After Dark” -An assessment of BRAVE’s capabilities divides the DoW community -Alek gives the highlights and lowlights of the first post-pandemic EVE Vegas -Dreadbomb experiences more setbacks in Tenerifis as FIRE continues their offensive -A coup within NSH leads … Continue reading →

The private sector added more than half a million jobs in October according to the payroll processor ADP; the Dow closed above 36,000 for the first time yesterday; Facebook is shutting down its Face Recognition system.

It's 2nd day of November and another day of record closing highs from the Dow, S&P 500 and Nasdaq. Cramer breaks it down and gives his thoughts on the market ahead of Wednesday's federal reserve meeting. Then, CEO of Dupont, Ed Breen, shares the chemical company's outlook after a nearly 9% rally and multibillion dollar acquisition announcement. Then, CEO of Estee Lauder, Fabrizio Freda, joins Cramer following the companies earnings call that sent its stock up nearly 5%. And, Brixmor CEO, James Taylor, explains the commercial real estate company's strategy as e-commerce continues to grow each holiday season.

Chuck Carlson   CEO of Horizon Investment Services and Publisher of the  Dow Theory Forecasts Newsletter Hammond, IN   Author "Winning with the Dow's Losers"   Chuck Carlson joined us to discuss financial markets at record highs, how a volatile run-up is putting the spotlight on shares of Avis/Budget, what's behind Facebook's plan to shut down its facial recognition program, and we get the 101 on technical analysis and the time test Dow Theory.   Bill Ulivieri  Owner of Cenacle Capital Management Glen View, IL CenacleCapital.com   Bill Ulivieri joined us with a thumbnail sketch of cryptocurrency and block-chain technology. He also talked about Facebook's name change and its impact on gaming tokens like Decentraland-MANA, Polygon, and Enjin. We also looked at a variety of promising crypto project including Cardano... See omnystudio.com/listener for privacy information.

Manchin pushed back. China slaps Blinken around again. Climate deal bull-excrement. Dow 36,000 revisited.

Wow, both the Dow and Nasdaq are at their all time highs! However, Robinhood is trading near its all time low. Is it time to buy Robinhood? --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/Positive-Life-Choices/support

New month, new records - the Dow, S&P 500 and Nasdaq all closed at record highs to start November and Jim Cramer is diving into his top stock “themes” to finish off 2021. Next, Malcolm Wilson, CEO of GXO Logistics, breaks down GXO's first quarter as an independent entity after its spin off from XPO earlier this year. Then, United States Secretary of Commerce Gina Raimondo talks tariffs and the new trade agreement with the European Union. Plus, CEO of Element Solutions Benjamin Gliklich shares where the specialty chemicals company is headed after reporting earnings last week.

We just hit all-time highs for the Dow, S&P and Nasdaq, while bond yields are taking a breather today. But this is a big week that could test the bulls with earnings, a Fed decision and the October jobs report. We've got you covered. Plus, in today's Earnings Exchange: we'll bring you the moves, the stories and the trades in NXP Semiconductors, Clorox & Avis Budget after the bell. And, are we plunging head first into a nightmare travel season? We'll give you the latest on the lines and cancellations across the country.

For October, markets were up across the board. Dow up 5.8% 35800 and S&P 500 up 6.9% to 4605, Nasdaq up 7.3%. Russell 2000 up 4.2%, TSX up 4.8%, and TSX.V posted a major 10.6% increase. VIX settled back down to 16.3. The Dollar was mostly flat closing at 94.14 and the Euro was .2%. 10 Year yield up slightly 2.6% to 1.56. Bitcoin closed at 60698 for a massive 38.5%. Gold's up an unimpressive 1.7% to 1784. Silver was up 8.1% to 23.85. Pt added 6% to 1018. Pd was up 5.3% for the month to 1937. Copper up 10% to $4.46. WTI keeps going higher 11.4% to 83.57. Brent up another 10% to 84.43. Natgas skidded 7.5% to bring it to 5.43. Uranium added to its parabolic move up 7.1% to $45.50, more thanks to the Sprott Uranium Trust.  Ratios:  Au:Ag down to 74.7, Pt:Au .57, Pt:Pd .53. BRT:WTI 1.01, WTI:HH 15.4, and AU:WTI 21.3.  

Here's what is happening in the markets today, Monday, November 1st:- Futures point to higher start after the S&P, DOW and NASDAQ all closed with new records on Friday- HUGE week ahead with earnings, the Fed, and Jobs Report in the spotlight.- American Airlines (AAL) - has cancelled 1,700 flights since Friday and cancelled another 250 for today (approximately 9% of today's scheduled flights).- AMC Entertainment (AMC) Announced that last month's theater admission revenue was the highest since February 2020.- Harley Davidson (HOG) is roaring higher pre-market, up almost 10% after the U.S. and European Union ended a steal and aluminum tariff dispute.- Coca-Cola (KO) announced that it has purchased full control of the sports drink Bodyarmor for $5.6 billion.This wraps up today's stock market news.If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast. And for more stock market news,  visit https://rockwelltrading.com.#todaysstockmarket #stockmarkettoday #stockmarket

Open a Gatsby Options Trading Account Sign Up For a WeBull Stock Market Trading Account Instagram @camboni11 and @kennycolin23 and @wincreaseteam Twitter @camboni11 and @kenndrickcolin and @wincreaseteam In this episode of Marathon Money, we talk about the Nasdaq passing the DOW, the Metaverse, Tesla, Lucid and more. MarathonMoneyPlus.com

Inflation? Deflation? Hyperinflation? What you need to know on a day where the Dow and S&P hit record highs – Cramer's breaking it all down. Then, the CEO of Logitech, Bracken Darrell, shares why the company is positioned to supply the work-from-home future. Centene CEO, Michael Neidorff, also stops by and provides more insight on the company's quarter after CNC stock saw about a 15% jump over the past 2 weeks. Plus, have rising oil prices peaked or is there still room to climb? Finally, Facebook has its share of critics, but is there an area of positive opportunity? Cramer's giving his take.

Microsoft profit jumps as cloud services thrive. Google nearly doubles profit amid hot ad market. S&P 500, Dow notch new closing records. FDA advisors back Pfizer-BioNTech Covid-19 vaccine for young children. Charlie Turner reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dow, S&P rise to new records. PayPal's shares rise after it abandons planned Pinterest takeover. Facebook reports slower sales growth. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dow component IBM shares fall 9.6% after reporting lower-than-expected revenue. Tesla shares rise 3.2% a day after reporting record profits. WeWork shares close up 13% in their trading debut. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Dow closed up 152 points and Jim Cramer is helping investors navigate today's market's action. Then, Qualtrics' Founder & Executive Chairman Ryan Smith and CEO Zig Serafin join Cramer fresh off earnings to learn more about the quarter and the company's partnerships with companies like DoorDash and CrowdStrike. Then, Hain Celestial CEO Mark Schiller breaks down what's ahead for the company after last month's investor day. Plus, Cramer digs deeper into Netflix's earnings report.

The Dow hits record highs and the S&P getting very close to its own record high. Jim Cramer joins Scott Wapner and the investment committee to debate which stocks to buy and where do they go from here. Plus, hedge fund titan David Einhorn of Greenlight shares his best ideas. And, activist investor Nelson Peltz on his outlook for the markets and inflation. Later, the trade ahead of earnings after the bell.

The Dow closed up 199 points and Jim Cramer is breaking down the biggest news of the day. First, Splunk CEO Doug Merritt joins Cramer fresh off the company's annual user conference where it unveiled new product enhancements to see what they mean for the stock. Then, Emerson and AspenTech announced a $11b deal last week but both stocks fell flat on the news - so Cramer's digging deeper to see what's ahead. Plus, On Holding came public last month and Cramer is taking a closer look at the new name in the apparel space.

The Dow closed up 382 points and Jim Cramer is giving investors his Game Plan to navigate next week's slew of earnings reports to get you ahead of the game. Then, Amazon Web Services CEO Adam Selipsky checks in with Cramer on the future of the cloud and more. Plus, six of the major banks reported this week and Cramer's breaking down the earnings for the biggest financial institutions on tape.

The Dow rallied 535 points, breaking its losing streak, and Jim Cramer is giving investors his advice on what to do when all the indices are in the green. Then, should investors grab a slice of Domino's for their portfolio? CEO Ritch Allison sits down with Cramer fresh off today's earnings report to break down the quarter, driverless delivery, the labor shortage and more. Then, Dutch Bros closed up 4% after its already red-hot rally, but Cramer's highlighting why investors may want to wait for the stock to cool off before taking a sip. Plus, Uber Freight CEO Lior Ron discusses supply chain issues and how technology can help.

The S&P posted its best day since March and the Dow ended a 4-day losing streak. But the big winners today -- high growth like semis, biotech and the Ark Innovation fund. What's behind the gains and how should you trade the names? Plus Sheila Bair was front and center for the last financial crisis and she's seeing signs that another one could be on the horizon. She tells us what's keeping her up at night.

The Dow slipped 118 points in its third negative session in a row and Jim Cramer is digging deeper into the market's moves. First, should investors get ready to strike and start a position in Crowdstrike? CEO George Kurtz checks in to break down the developments from the company's cybersecurity conference. Then, Medtronic CEO Geoff Martha sits down with Cramer to break down all of the company's latest ESG targets and innovations ahead of tomorrow's Investor Briefing. Plus, Cramer's refining his opinion on oil and going Off The Charts to see where the commodity might be headed.

The Dow closed down 250 points and Jim Cramer is guiding investors through today's downturn. Then, Emerson Electric announced today it will merge two of its industrial software businesses with Aspen Technology, but what does the move mean for investors? CEO Lal Karsanbhai is breaking down the deal. Then, ahead of Thursday's event to lay out the future of the hydrogen space, Plug Power CEO Andy Marsh sits down with Cramer to talk more about the possibility of a hydrogen-powered future. Plus, Cramer's digging deeper into JFrog and Datadog and giving you his take on the two software names.

The Dow closed down 9 points but notched a winning week and Jim Cramer is getting you set for next week with his Game Plan. Then, CEO of private player Flexport Ryan Petersen sits down with Cramer to talk about what impact shipping delays and supply chain issues might have on holiday shopping. Next, could the market be ready to take off on its seasonal rally? Cramer's going Off The Charts to how to trade in October and November. Plus, Cramer's giving his take on Element Solutions after doing his homework.

The Dow climbed 338 points and Jim Cramer is digging into all the action that impacted today's tape. Then, Nucor has fallen amid worries about supply chain issues and slowing demand from China, and Cramer's talking to CEO Leon Topalian to find out more about the headwinds the industry is facing. Next, it's time to get your portfolio in shape, and Cramer's running through the fitness stocks, including today's IPO Lifetime Fitness, and giving you his top picks in the space. Plus, Sharecare CEO Jeff Arnold.

The Dow rallied 102 points, recouping the week's earlier losses, and Jim Cramer is digging deeper into the biggest headlines of the day. Then, are profits in the jeans for Levi's? CEO Chip Bergh joins Cramer fresh off earnings to take a closer look into the top and bottom-line beat. Next, Cramer's talking to Constellation Brands CEO Bill Newlands to talk about the headwinds - raw costs, cannabis legalization issues and more - that impacted the most recent quarter. Plus, Marvell Technologies CEO Matt Murphy after the company's Investor Day event.

The Dow rebounded 312 points, erasing part of yesterday's losses, and Jim Cramer is breaking down the reasons for today's rally. Then, Cramer's revisiting commerce software maker Lightspeed after a hard-hitting report brought the stock down 18% in the past week to see if it's worth sticking with. Next, the markets breathed today after yesterday's carnage, but what are the numbers signaling going forward? Cramer's going Off The Charts to find out where the indices are headed next. Plus, Cramer's exclusive with Enbridge CEO Al Monaco.