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Mind of a Millionaire – August Portfolio Meeting; Trade War with China

| August 13, 2019
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Welcome to another episode of the Mind of a Millionaire! This week we are lucky to have both Zak and Blair sharing their insights to the August portfolio meeting. As a reminder, our portfolio meetings are an opportunity for all of our Denver Wealth Management advisors to sit in the war room (conference room) and discuss their outlooks on the markets. This includes sharing of ideas, a little bit of arguing, and the opportunity to look at things from a different perspective.

Listen in as Blair and Zak discuss how our August portfolio meeting went following a weird July. Subscribe to the Mind of a Millionaire if you don’t already, follow us on Twitter and Facebook, and join our email club for economic updates and invitations to upcoming DWM events.

 

Where is the market fear coming from? [1:44]

How does a rise in interest rates affect the economy?[2:33]

Is this a time to be de-risking if you need money in the short-term? [4:20]

How does the inverted yield effect the short-term investor? [5:24]

  • What is an inverted yield curve? [5:33]

Quantitative easing and negative interest rates [6:46]

S&P 500 2019 YTD [9:04] (Photo: Yahoo Finance)

How the banks make money [10:04]

What does this mean for long-term investors? [12:06]

Tariffs and trade war with China [14:36]

Trade imbalance [15:47]

What should we be watching out for? [19:09]

How is this impacting China?[19:37]

 YTD Top U.S. Trade Partners; December 2018 [20:12] (Photo: United States Census Bureau)

YTD Top U.S. Trade Partners; June 2019 [20:12] (Photo: United States Census Bureau)

When was the last time Blair shot a water gun? How have water guns improved? [25:03]

 

Thank you for tuning in to another episode of the Mind of a Millionaire podcast. We hope you enjoyed this insightful episode and please reach out if you have any questions regarding the economy, the market, or anything regarding your finances.

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

No strategy assures success or protects against loss.

Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

Investing in mutual funds involves risk, including possible loss of principal.

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