Money Life with Chuck Jaffe

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Alera's Webster: Soft landing will drop rates and fuel future market tailwinds Nov 02, 2023

Show notes

BJ Webster, chief investment officer at Alera Group Wealth Management, says he does not expect the economy to have a hard landing, and while there will be discomfort, investors will survive a downturn and will see slower growth that brings down interest rates, which in turn will help to give a boost to any subsequent recovery. Webster notes that if the Federal Reserve is done hiking rates while other central banks are continuing to raise interest rates, international markets might benefit from the resulting weaker dollar, as well as current valuations that are better than on domestic stocks. Also on the show, Tom Lydon of VettaFi looks at a young high-yield fund for his ETF of the Week, Chuck puts a bow on his annual Halloween cash-or-candy, trade-or-treat fun, and Sam Burns of Mill Street Research talks stocks in the Money Life Market Call.

In today's rocky markets, cash is an asset-allocation choice Nov 01, 2023

Show notes

Peter Crane, president of Crane Data -- which publishes the Money Fund Intelligence newsletter tracking the performance of money market mutual funds -- says that high interest rates should have investors thinking about where to park and protect their cash, and to treat their cash holdings as an asset rather than an after-thought in the investment plan. He also discusses the likely path of money fund rates based on the Fed's moves. In The Book Interview, Victor Haghani, co-author of "The Missing Billionaires: A Guide to Better Financial Decisions," discusses how bad financial choices have wiped out countless family fortunes that would have grown massive had they just been managed smartly. In the Market Call, George Villere, co-manager of Villere Equity and Villere Balanced funds, talks small- and mid-cap investing.

Vineyard's Samuelson: Deteriorating technicals are signaling trouble ahead Oct 31, 2023

Show notes

Tom Samuelson, chief investment officer at Vineyard Global Advisors, says that the market is showing signs of breakdown, and while you can still find one or two indicators that are positive, the bearish signs are out and suggesting that there's a downturn coming, though he thinks the decline will stop short of being a "hard landing." Also on the show, Roraj Pradhananga, director of research at Veris Wealth Partners, a sustainable investment firm, talks about how current global conflicts are impacting markets, notably the energy sector, and how that is impacting the sustainable, renewable energy companies versus the fossil-fuel companies. Plus, Lester Jones discusses the results of the Business Conditions survey released Monday by the National Association for Business Economics, and Chuck answers a listener's question about how to bring money lessons to Halloween for a family that doesn't get trick-or-treating traffic so that they can't replicate Chuck's "cash or candy" holiday celebration.

Wellington's Khurana: A Fed pause, and why you shouldn't settle for cash now Oct 30, 2023

Show notes

Brij Khurana, fixed income portfolio manager at Wellington Management, says he expects the Federal Reserve to pause in its rate hiking cycle at its meeting this week, though that doesn't mean there won't be another rate increase at the next meeting if conditions warrant it. And under current conditions, Khurana says he is frequently asked why to go with bonds when cash can generate nice returns in bank certificates of deposit, to which he notes that bond prices are cheap right now, making this an ideal time to consider lengthening maturities as the Fed is looking at moving to the next phase of the rate cycle. Also on the show, Greg McBride talks about the latest BankRate.com study showing that Americans know they need to save more for emergencies, but are actually saving less, particularly when inflation is factored in, Kyle Guske, investment analyst at New Constructs, puts a mutual fund whose manager has been a guest on the show many times, into "The Danger Zone," noting that it has a high preponderance of dangerous stocks, and Martin Leclerc, chief investment officer at Barrack Yard Advisors, goes looking for cash producers in the Money Life Market Call.

Janus Henderson's Hetts: Head down, stay 60-40, ride out recession Oct 27, 2023

Show notes

Adam Hetts, global head of multi-asset at Janus Henderson Investors, says the economy is somewhere between a soft and hard landing, but that anyone expecting a mild recession should watch for it to last about nine months, but with the market bottoming out typically a few months before the recession ends, investors will want to stay the course through the bear market trough, rather than moving into cash to get the high current yields and play defense. With lower expected stock returns and improved bond returns, Hetts says riding out a balanced portfolio should provide both safety and growth potential. Also on the show, Cheryl Pate of the Angel Oak Financial Strategies Income Term Trust says the banking industry's wild ride since the failure of Silicon Valley Bank in March has created a strong opportunity for bank debt to outperform moving forward, Natalie Trevithick of Payden and Rygel discusses the investment-grade corporate bond market ad when investors will want to start pursuing longer-duration bonds, and Buck Klintworth of Chase Investment Counsel talks technical analysis and what it means that the Nasdaq technically moved into correction territory on Thursday.

Raymond James' Adam: Short recession starts '24, but you'll want to buy into it Oct 26, 2023

Show notes

Larry Adam, chief investment officer at Raymond James, says he expects a recession at the start of next year, but he's not nervous about it because much of the damage is already priced in and the downturn is likely to last six months, rather than the 10 months of an average recession. Moreover, with the stock market typically bottoming four to six months before a recession ends, Adam says investors may want to be buying in while the downturn is in mid-swing. Adam currently favors technology, energy, health care and financials. Tom Lydon, vice chairman at VettaFi, brings back a long-running fund powerhouse as his ETF of the Week, Chuck answers a listener's question about inflation-protected savings bonds -- with the new I-bond inflation rate having just been announced -- and absolute-value manager Brian Frank of the Frank Value Fund talks stocks in the Market Call.

Strategic Frontier's Goerz: This is 'an intermittent recession' Oct 25, 2023

Show notes

David Goerz, chief executive officer at Strategic Frontier Management, says it seems "like we're muddling along at zero and sometimes we're in recession and sometimes we're not." It feels like a recession, he notes -- and it has had almost all of the key statistics at various times -- but without the unemployment issue or any big stock market correction. Goerz expects lower growth for the market moving forward, and urges safety and defense in building portfolios now. Also on the show, Tracey Spivey of the business tax services group at KPMG discusses how investors who have benefited from higher interest rates and leaned into the better yields available from fixed income investments are setting themselves up for an unpleasant tax surprise next year; plus Daniel Dusina, director of investments at Blue Chip Partners, talks brand-name companies in the Market Call.

Generating a yield on gold, the wild Jamaican stock market, and much more Oct 24, 2023

Show notes

Money Life wraps up the 20 interviews of FinCon. A gathering of financial content creators and fin-tech entrepreneurs held in New Orleans last week - with Benjamin Nadelstein of Monetary Metals talking about how to generate yield on your gold holdings, Logan Smyth of the TRADR Market Analytics app on technical analysis, Kalilah Reynolds discussing the ups and downs of the Jamaican Stock Market, Jenni Sisson on how inflation is hitting the foot soldiers of the home front, and Joe Saul-Sehy of the Stacking Benjamins on the good and bad of financial content creation in today's tough economic environment.

How bank CDs, alternative investments and a frugal mindset deal with inflation Oct 23, 2023

Show notes

It's the third day of interviews taped at FinCon in New Orleans -- an annual gathering of financial content creators -- and one big focus of the conversations is inflation. That will be a big part of conversations today, when the interviews start with Jen Smith of the Frugal Friends podcast, moving into a chat with Scott Carson from The Note Closers Show and -- after a break to talk personal finance with David Zaegel from the Retire With Confidence podcast -- inflation is a big part of the talk with John Blizzard, head of CDValet.com, a site that helps consumers with certificates of deposit. The show concludes with conversations with Clifton Corbin, a financial educator and author of "Your Kids, Their Money," and Paula Pant of the Afford Anything podcast, who discusses why so many Americans are upset over inflation and financial conditions at a time when they actually have it pretty good.

Dividends, military money, and getting 'out of the pot' at FinCon Oct 20, 2023

Show notes

It's Day Two of Money Life at FinCon, and Chuck again explores the rich tapestry of the financial world talking about the business of podcasting with Virginia Elder of Podcast Abundance, improving the financial awareness and habits in the Hispanic culture with financial educator Dario Martinez of Sal de la Olla, stock investing with CPA Mark Roussin -- the "Dividend Seeker" on YouTube -- the financial difficulties and differences of America's service men and women with Lacey Langford of the Military Money Show, and the ways that taxes can impact and delay retirement with "FITaxGuy" Sean Mullaney. Plus, John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance reviews a rough third quarter in closed-end funds in The NAVigator.

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