The FarrCast : Wealth Strategies

Latest Episodes:

Michael Farr's Top Ten for 2020! Dec 21, 2019

Show notes

In the first of our year-end specials, Michael Farr shares with you his Top Ten for 2020!

Each year, Michael selects a list of stocks that he personally purchases with the intention of holding for one year. He invests an equal dollar amount in each position, then re-invests the following year in the new list.

This week, Michael shares the stocks that make the list for 2020, and a bit about the investment thesis and outlook for each.

A special reminder for the Top Ten List: The FarrCast is for information purposes only and any mention of a security should not be construed as a recommendation to buy or sell. The listener should not assume that an investment in the securities identified was or will be profitable, or the appropriateness of these specific security for a specific portfolio. Before you make any investment decision, we strongly recommend you consult with a financial professional to determine what may be best for your individual needs and your goals. If we can be of assistance at Farr, Miller & Washington, please contact hjennings@farrmiller.com and I will put you in touch with one of our professionals who will be glad to help.

The Virtues of Slow & Steady -- Martin Barnes of BCA Research Dec 13, 2019

Show notes

Enjoy this segment of The FarrCast recorded December 10, 2019. Martin Barnes joins Michael Farr and discusses the economic outlook for 2020. There is a reason Martin is considered one of the people that make modern investment.

As We Get Older, It Gets Harder to Run Fast Dec 12, 2019

Show notes

This week, we welcome the great Martin Barnes, Chief Economist from BCA Research. Martin is absolutely one of the go-to experts on the economy and markets, and he shares his outlook. There are things he's concerned about in the long term, but for now, "the path of least resistance is up."

Plus, Dan Mahaffee on the latest on impeachment -- and the Congress and President actually getting some work done! Michael Farr shares his thoughts on the markets as we come into the year end.

It's The FarrCast: Wall Street, Washington, and The World.

It's What's Called a 'Win-Win' (Not Something We Hear Much About in this Town Anymore . . .) Dec 05, 2019

Show notes

But you're always a winner when you listen to The FarrCast!
It's a great show today with special guest Chief Economist from Wells Fargo, Dr. Jay Bryson. Jay is one of the smartest people in the investment industry and he shares his thoughts on the economy (slow growth beats no growth), recession (nothing wildly out of balance to cause one in the foreseeable future) and more!
But first, Jim Iuorio checks in from the floor of the Chicago Mercantile Exchange. He's still bullish, but reminds everyone to keep an eye on risk. Complacency is never a problem -- until it is. And political analyst Dan Mahaffee calls in with the latest from the Hill, NATO, and the shakeout of the Democratic primary contenders.

Coming to every week with insight beyond the headlines, it's The FarrCast: Wall Street, Washington, and The World.

Is It Lucy and the Football Again? Nov 20, 2019

Show notes

We are coming close to the end of the year and the markets inch upwards into record territory. Michael talks about risk -- and how complacency can add risk to a portfolio in ways that aren't always obvious. Dan Mahaffee joins for the latest on China and an election update. And special guest Mark Hamrick helps put everything in DC and geo-politics in the big picture -- and what it bodes for 2020.

Always bringing you a look beyond the headlines, it's The FarrCast! Wall Street, Washington, and The World.

Well, It's Good Theater Anyway Nov 13, 2019

Show notes

Markets at new highs, bi-partisan co-operation at new lows, and The FarrCast is here to help make sense of it all!
Join Michael Farr and guests Dan Mahaffee from the Center for the Study of the Presidency and Congress and Greg Valliere of AGF Investments. All eyes are on Washington, but does impeachment make a difference to the markets? Probably not, but other things in DC happening outside of the spotlight have implications for Wall Street -- and Main Street.

Listen to The FarrCast and go beyond the headlines. The FarrCast: Wall Street, Washington, and The World.

To subscribe to Greg Valliere's daily update Capitol Insights, go to: https://www.agf.com/ca/en/resources/email-subscription/index.jsp

Easy Money Makes a Comeback! Bouroudjian Sees Explosive Growth Beyond the Current Highs Nov 06, 2019

Show notes

The markets are climbing a wall of worry and Michael Farr talks to the experts' experts on the path from here.

Jim Iuorio says the cash on the sidelines is protection against a prolonged downside, and he outlines the Fed's dilemma. Dan Mahaffee joins for a look inside the Beltway and notes President Trump doesn't pivot, which creates political headwinds -- but could contain a boost for the market.

And audience favorite Jack Bouroudjian joins for his thoughts. Last year he said the easy money was done, but in December as markets approached lows, he made a bullish call on the "buying opportunity of the decade." Jack outlines his worries on the drift to extremism, and potential political turbulence that could impact markets and the economy. But in the medium-term he says "capex is a coiled spring" and that the Easy Money is starting now -- and he makes a startling call for market highs of 3500 in the coming months.

Go beyond the headlines with The FarrCast: Wall Street, Washington, and The World.

FarrCast Update -- Uncle Jay Says This Is the LAST Piece of Candy Oct 31, 2019

Show notes

Washington woke up groggy and late this morning but we promised a reaction to the Fed and the FarrCast delivers! (Even if our scheduled guest emailed last night to say there was no way they could come in to the studio after game seven.)
The Fed has said they are stepping to the sidelines. What does it mean for markets? Michael gives his thoughts as the "mid-cycle correction" is complete.

A Bi-Partisan Marshmallow Failure Oct 30, 2019

Show notes

Markets reached all-time highs this week but there is still cash on the sidelines. The initial GDP read for the third quarter was released this morning and it's a little better than feared. Meanwhile the investing world awaits the latest from the Fed.

It's a special pre-Fed FarrCast this week as Michael Farr breaks down why the economy is ok -- and while it's difficult finding value, ok is still ok.

Dan Mahaffee joins for a discussion on conservatism in the age of Trump, and the latest on impeachment. Politics shape policy, and Dan and Michael look at how the shaping of those policies might play out in the economy.

Plus, we share a couple of laughs on Harry Farr's birthday, four year olds and marshmallows, and Southern Fried Statism. It's the FarrCast: Wall Street, Washington, and The World.

Is It Brexit Yet? Oct 23, 2019

Show notes

There is a Brexit deal -- but does that really mean anything? Dan Mahaffee joins to talk about some of the economic implications of the move forward (or back) of the UK's divorce from the EU.

What does it mean to be a Republican? What does it mean to be a Democrat? And what do the changing faces of the parties mean for the economy? Is anyone serious about the direction of the country? Lester Munson, a longtime Capitol Hill staffer joins Michael and Dan for a dive beyond the headlines.
Plus, a catch up on the markets and more! It's the FarrCast: Wall Street, Washington, and The World.