The Trump presidency is going to affect your investments and today we discuss how! We talk about focusing on shifting paradigms, market trends, and the need for pragmatic investing. We criticize tech stocks, social media’s evolving role in information dissemination, and reflections on media partisanship. Our overarching goal is for you to focus on investment opportunities created by policy changes rather than being swayed by ideology. Today we discuss...
- Reflections on self-awareness and understanding societal perceptions after the election.
- Observations about the market downturn, especially in tech stocks.
- Elon Musk’s acquisition of Twitter and its cultural implications.
- The significance of comedy and free speech in maintaining societal balance.
- Discontent with corporate media as biased propaganda, regardless of political alignment.
- Concerns about the long-term sustainability of pensions, Medicare, and Social Security in the 2030s.
- Inflation’s impact on savings and purchasing power as a critical financial concern.
- Discussion of policy proposals like free college and their feasibility in a paradigm-shifting era.
- The potential economic disruptions from AI and other transformative technologies.
- Shifts in investment strategies to align with anticipated policy changes under new leadership.
- The importance of separating politics from investment decisions to maximize financial outcomes.
- The strategic approach to capitalizing on corporate tax cuts and their impact on major companies.
- Critique of ideological investing for potentially leaving significant financial gains on the table.
- Nuclear energy is gaining bipartisan support due to its reliability as a load power source.
- Abundant, cheap energy is critical for societal progress, as scarcity leads to economic stagnation and conflicts over resources.
- Proposals like replacing income tax with tariffs reflect the trade-offs inherent in policy changes.
- Recognizing the populist movement as a response to frustrations with big institutions and a desire for greater voter control.
- Misinformation in charts and emphasizing skepticism when analyzing data visuals online.
- Identifying signs of euphoria in market sentiment as a potential warning for cautious investing.
- Contrarian investing during periods of extreme optimism or pessimism as a timeless strategy.
"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.
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Today's Panelists
- Kirk Chisholm | Innovative Wealth
- Douglas Heagren | Pro College Planners