Powell was in Jackson Hole last week and today we discuss some Jackson Hole Revelation on the future of the market and interest. We also talk the current election and all of the ins and outs of election strategy. Then, we veer into how social media is changing elections and how it feels like people, especially comedians, are holding back more than they used to because of cancel culture. We reflected on how trends, whether in culture or finance, often swing to extremes before eventually balancing out. Today we discuss...
- How neither major party is focusing on policy; Trump's policies are somewhat known, but Harris has been silent.
- The current strategy of staying silent and letting the press handle the narrative reflects a shift in political tactics.
- There is concern about electing a candidate without clear policy positions or public discourse.
- Social media has heightened expectations for political figures to be vocal and transparent.
- Criticisms of Harris include skepticism about her ability to change policies while already in office.
- Historical examples, such as Johnson and Kennedy, show that VPs may have differing policies from Presidents.
- The pendulum of cultural and political trends often swings from one extreme to the other, influencing market behavior.
- Social media and current cultural dynamics affect how comedy and political commentary are received.
- The market trends, such as real estate prices, are influenced by broader economic conditions and cultural shifts.
- Reversion to the mean is a concept where extreme market movements often correct back to an equilibrium.
- Understanding financial trends and market cycles can help in making informed investment decisions.
- What Powell discussed at Jackson Hole.
"Cash is not trash... Cash is King" - Kirk Chisholm
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Today's Guest: Kirk Chisholm
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.
Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.
In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys.
Kirk's Online Presence:
Today's Panelists
- Kirk Chisholm | Innovative Wealth
- Douglas Heagren | Pro College Planners