Episode 104: 2023 Review & 2024 Predictions

Join Bill and Andrew as they recap the financial rollercoaster of 2023, share insights on proper investment math, and make bold predictions for 2024. Whether you're a seasoned investor or new to finance, tune in for valuable insights to help you navigate your financial journey. Subscribe now and stay sensible about your dollars! 

Alright Alright Alright! We finally incorporated some Matthew McConaughey wisdom into a financial podcast. Mac's latest children's book "Just Because" provides some profound mantras, simple insight really, into the self-talk we should be employing. When it comes to your investment philosophy, Bill and Andrew relate this simple preface of Just Because to ways to improve your discipline. Just Because you read this description, doesn't mean you get it yet....tune in!

While financial success is the goal for many, financial enabling can silently affect your future financial well-being. This week, Bill and Andrew discuss what financial enabling is, who it effects, relationships to beware of, and career choices that may foster it.

Diverse opportunities and economic disparities mark our society.  This week, Bill and Andrew discuss socioeconomic class mobility and shed light on the factors influencing upward and downward movement within the class system.

Fake Investments are the products and services we spend our money on, believing they will bring us wealth, but just leave our wallets empty.  This week, Bill and Andrew discuss common fake investments, personality traits that can lead to them, and the right questions to avoid these pitfalls.

Traveling in 2023 is coming with a lot more cost. This week Bill and Andrew discuss the Do’s and Don’ts of mixing personal & professional travel along with the new landscape for corporate travelers. Tune in and find out if rewards points still matter!! 

It's tax deadline time!  This week Bill and Andrew review this year's tax deadlines, but equally as important is the opportunity to review your portfolio.  We tell you what to look for as it relates to your taxes and how to rebalance your portfolio like a pro. 

Luck and Risk are two different sides of the same coin. This week, Bill and Andrew talk about the role of luck in success, why the year you were born matters, and the importance of holistic financial planning. Don't underestimate the power of things you can control! 

If your friends were all jumping off a bridge, would you do it? This age-old parental inquiry was never so useful as it is in the mindset of an investor. Join Bill and Andrew today as they discuss what the most popular investments are and what you should really be doing with your money instead of following the "Cool Kids" that are jumping off the bridges! 

Self-sabotaging behavior is one of the major causes for not meeting individual financial goals. The effects of a weekend splurge spending spree can last for years. This week, Bill and Andrew discuss how consumer behavior patterns have changed as a result of the pandemic and how you can avoid common pitfalls and make your financial dreams a reality. 

Did you ever see something on TV or social media and think "Why isn't that me?" Well, it might be you already...with the right...Perspective!  Listen and learn how you might be doing better than you think with your portfolio, your income and your life.

It's that time of year again!  Set new goals, learn new skills, and lose weight.  We all make mental resets this time of year, and in today's episode, Bill and Andrew discuss the five resolutions that can set up your 2023 financial plan and reveal the research on whether the New Year's resolution even works. 

That's a wrap on another year of Dollars and Sensibilities and on the eve of a New Year, Bill and Andrew review the markets, their returns, and the sectors that performed the best/worst. The real story is the difference between the three major indices, The Dow, The S&P 500 and the Nasdaq.  Be sure to listen until the end to hear all the year-end results! 

2022 has been tough for investors, especially those who invest in cryptocurrency.  The recent collapse of the cryptocurrency trading platform FTX has sent the markets into a tailspin.  This week, Bill and Andrew discuss FTX, the crypto markets, and how investors can better understand what it means for their portfolios. 

Today Bill and Andrew hit on some oldies and some newbies - those things that make you go hmm!  Listen to find out which ones stand the test of time and which ones we will still be arguing about years from now. 

You set up your portfolio.  It's beautiful.  You see the S&P500 go up and then you compare your apples to those oranges, and you come up short.  Why, oh why?!  In this episode we break down the 5 biggest reasons you are losing more or gaining less than the market, and how to fix it! 

Election season finds many investors speculating about who will win and what that means for the markets and the economy.  This week Andrew and Bill look back in history to discover how political control impacts the markets and provide insight into what to expect as a result of the 2022 midterm election and how to prepare your portfolio. 

2022 has left many investors rethinking their strategies.  In this episode, Bill and Andrew go back in time to the events that have shaped the past two decades of the market...and give you insight into what to do today. 

Have you heard from your first day in the working world that Social Security will not be there for you? We all have. Have you ever asked why though...and if it's actually true? We break it down to Dollars and Sensibilities today and it's not as bad as you think! 

 The markets have not been fun in 2022, but this week Bill and Andrew discuss the 3 rules for bear market success and your critical year-end planning checklist. 

This past week we all mourned the passing of Queen Elizabeth II, the longest reigning monarch in British history. In today's episode, Bill and Andrew reflect on her life and her choices while they discuss the royal fortune and how it will transition to the next generation. Listen to apply some royal wisdom to your financial plan! 

 This week we take a look at 4 of the stocks that were popular for people to buy during the beginning of the pandemic and ask the question: what do I do with them now? Spoiler alert - we take you back to fundamental investment philosophy! 

That hotshot college kid that made $110MM on a Bed Bath Beyond Trade, Jim Cramer's track record and sensationalism's effects, and one more lesson on how to line up your beneficiaries correctly!

High inflation and low returns have created the perfect storm for retirees.  This week, Bill and Andrew look at the math of retiring into a bear market and how they think about the 60/40 portfolio model and give you the insights most "experts" miss. 

Sometimes you just need to vent.  Join us for a passionate dissection of a media clip as an example of how what you're hearing that's "by the numbers'" may be just tugging at your emotions.  Math people!  It's a short one but a fun one!

Last week, when the latest GDP numbers were announced, talk about the dreaded R-word, Recession, got a little louder.  Regardless of the "are we or aren't we" discussion, you may be feeling the pressure of economic forces.  Today, Bill and Andrew discuss recent articles which will help you navigate the current economy - whether you are ready for the "R Word" or not!  

Is 2022 over yet? That's what most investors have been asking themselves.  In this week's From the Feed episode, Bill and Andrew get tough and address the MOST pressing issues facing the average Americans today and offer practical steps to address, overcome and not just survive, but thrive in today's economy. 

There are two rules in the Investment Club...let's talk about them! Today we discuss an outdated, but still viable, way to invest your money and socialize while you are doing it.

The Blame, The Tipping Point and the Remedy. In today's episode, Bill and Andrew discuss the recent market volatility, and jumping in and out of a bear market. Whose fault is it? Where are we in the cycle? Most importantly, how do we adjust for it? Listen for answers, comment for input!

It's officially a bear market (this week).  Join Bill and Andrew as they discuss all the bear market speculation about the impact on investments, retirement, and taxes.

Are you a Daytrader? A Scalp Trader? Or are you an Investor? Today, Bill and Andrew help you realize what you are really doing with your money and how to do better!

The world of crypto currency is changing by the second, and there is always new information coming out. In this week's episode of From the Feed, we discuss crypto currency, NFTs and how to manage these as part of your portfolio and even your estate planning.

Are you upset about the state of affairs in the country, the world... how about just your portfolio? Today, we delve into the psychological process of addiction and how we can snowball ourselves with pessimism that can pour over into every facet of our lives. Let's get happy! Find this week's episode of Dollars & Sensibilities at the link below or wherever you get podcasts!

The workplace ecosystem has evolved considerably over the decades, both physically and socially. Modern technology like mobile phones, PCs, printers, and faxes redesigned the office environments of the '80s, '90s, and 2000s. On this week's From the Feed, Bill and Andrew discuss the articles which cover the evolution of the workplace into what we're calling Workplace 3.0.

In this week's episode, Bill and Andrew discuss the importance of Critical Thinking while investing.  While it may seem obvious, listen to find out, in detail, how you can be a better analyst and investor. They also cover Volatility, Uncertainty, Complexity, and Ambiguity - and how to make them your friends in the markets.

On another From the Feed episode, Dollars & Sensibilities brings you relevant commentary on the top articles being written from today's leading financial publications. Today, we cover inflation, all things Elon Musk, and some takeaways from Warren Buffet and the Berkshire Hathaway Annual Shareholders meeting.

This week on Dollars & Sensibilities, Bill and Andrew discuss FIT Investing, or Financial Information Timing. This is the attention to detail that we sometimes miss when caught up in the volatility of the markets. If timing is everything, then the timeliness of information is the greatest detail to not overlook. Listen in to avoid pitfalls and stay Financially FIT!

Communication is simple, but not always easy. This week, join us on Dollars & Sensibilities as we explain the basic communication formula, unpack the dimensions of communication and discuss the most important ways we communicate about financial decisions.

In this week's episode, Bill and Andrew are discussing the perils, and argue over the benefits, of Nostalgic Investing. Numbers battle emotion in this age-old discussion of not only what companies are in your portfolio... but why. Tune in and chime in with your thoughts!

The world is moving faster than it ever has in history and we have more options for our lifestyles, careers, relationships, and finances. How do we know the correct paths to follow? This week on Dollars & Sensibilities, we discuss the importance of clearly identifying your personal Vision, Mission, and Values and tips to capture these fundamental statements.

Dollars & Sensibilities is back and coming to you straight from the Sunset Strip! On this From the Feed episode, Bill and Andrew discuss the slap heard round the world (and how it relates to your investment philosophy... it's a stretch), the fate of Chelsea FC, perestroika and how the US economy will be affected, and the return of the wealth tax. 

This week, we bring you another From the Feed episode. This week, Bill and Andrew discuss bond drawdowns, Chinese stocks, Russian divesting, Reddit's IPO, and the "next" recession that's always coming.

It's easy to look at the events of the world, pieces of your financial plan, or aspects of your portfolio and think, "Is this a good or a bad thing?" This week, we challenge conventional wisdom by looking at a classic Taoist proverb to help shape perspectives about your portfolio, your tax bill, your financial plan, and your life. 

It's early 2022, and INFLATION is everybody's favorite hot button topic. Inflation is the invisible economic force that is constantly working against your financial efforts. This week, we discuss how inflation is measured, the ways it can impact your long term planning, and simple steps to make sure you protect against it.

In this week's episode of Dollars and Sensibilities, we discuss the Ukraine situation and the stock market, Congress' apparent subscription to D&S, and the split direct deposit.

From the Feed brings D&S listeners commentary on top articles being written from today's leading financial publications. Today, we cover the over and underestimations of food and money, the Zillow saga, and the Senate's top stock traders. 

The balance sheet is one of the most important financial documents to create and be familiar with because it calculates your Net Worth. In today's episode of Dollars & Sensibilities, Bill and Andrew dig into why knowing your Net Worth may be the most important aspects of your finances, how to calculate it, and how to grow that number.

From the Feed brings D&S listeners commentary on top articles being written today in the world's leading financial publications. Today, Bill and Andrew cover 2021 resignation numbers, marina real estate investments, psychedelics ETFs, the private equity trends, and how to become a time millionaire. 

This week, Bill and Andrew discuss the other inevitability of life... Taxes. Specifically, what you could be missing in your filing, your accounting, and therefore your returns. We wrap the episode with one of the most important concepts in your working life: your tax bracket, and why you NEVER actually pay the percentage of your tax bracket. It's life changing math!

This week on Dollars and Sensibilities we cover why women are so integral in the planning process, the price of at-home Covid tests, Goldman Sachs prediction for the price of Bitcoin, the latest on Tesla's Starlink service, Tim Cook's take home pay and the keys for a happier financial life in 2022. Listen, comment, and tell a friend!   

In this special From the "Fed" episode, we take a look at the Federal Reserve, rising interest rates, inflation, and how to spend that tax return...wisely. Lastly, we help you understand how Michael Jackson's "Thriller" and Van Halen's "1984" can teach us a valuable investment lesson.   

 On the eve of 2022, we take a look back at the moments, memories, and events that shaped the last 12 months. Join us as we reflect on a year filled with firsts, tallest, and yes, "unprecedented" events! From all of us at the Dollars and Sensibilities team, Happy New Year! 

In our annual Christmas episode, we go over all the great year-end ideas: gifting strategies, QCD's, and... wait... what is Tax Loss Harvesting and how do I get it done before the New Year?! 

 𝘍𝘳𝘰𝘮 𝘛𝘩𝘦 𝘍𝘦𝘦𝘥 brings Dollars and Sensibilities listeners commentary on top articles being written from today's top publications. Today, Bill and Andrew cover Elon selling Tesla shares, the 4% rule, Crypto fans, Football buying Futbol, inflation's new high, and a Sex and the City spoiler. Click the link below or listen anywhere you get podcasts! 

We are pleased to announce our 50th episode!  For our golden anniversary, we return to out initial mission of inspired/"can-do" investing. "Why not me?" is a question we should always be asking ourselves and when it comes to investing...Why Not You!? and How?!

Estate planning is an integral, and often overlooked, part of the financial planning process.  This week, Bill and Andrew talk about the biggest celebrity estate blunders.  From Larry King to Michael Jackson, some of the biggest names in Hollywood missed opportunities to save their heirs time and money.  Don't make the same mistakes! 

The From the Feed series continues with the top articles from today's financial news feed!  Today we discuss the difference between the Wealth Tax and the Billionaires' Tax, how crypto and the greater fool theory go hand in hand, and other timely topics!

The From the Feed series continues bringing you the latest from today's headlines. In this episode we cover the investment that can get you 170X returns, retail investors swapping GameStop for ETF's, retiring early, micro-actions, and what the history of money says about its future.

Today it seems like everything has a disclosure, even your McDonald's coffee! Today, Bill and Andrew talk about 3 common reasons people avoid thinking about the disclosure and how to use them to make more informed decisions. 

Welcome to a new series within the Dollars and Sensibilities podcast.  It's called "From the Feed" and here, Bill and Andrew discuss the most widely shared news articles from the top financial publications.  They give their thoughts and opinions on the most timely topics and hopefully help you understand the financial news a little bit better!

Making an impact in the world with your money is no longer limited to giving to your favorite charity. ESG (Environmental, Social, Governance) Investing allows investors to make an impact, and a profit, by adding socially and environmentally conscious companies to their portfolio.  This week, Bill and Andrew discuss how to take advantage of impact investing!  

How often?  How much? When it's bad? When it's good? These are the questions we hear most often when asked about changing an investment strategy.  This week, Bill and Andrew discuss how to approach rebalancing your portfolio and the tips for success!

Once you have found the right investments you need to make sure they are in the right accounts.  Tune in this week as Bill and Andrew discuss the asset LOCATION and the three main account types to get the most out of your investment strategy.

When most people make a large purchase they ask themselves: "What can I afford?" instead of  "What is the best financial decision?"  This week, Bill and Andrew discuss the trap many people find themselves in when "Buying the Payment."

For many Americans buying a home is the most significant financial decision we will make.  Join Bill and Andrew as they discuss the process and the most important decisions when buying a home.

There have never been as many small businesses in America as there are today. This week, Bill and Andrew discuss the varying lifestyles of entrepreneurship and which one might be right for you!

"Back of the napkin" financial planning is no substitute for the real thing, but it can serve as a benchmark to see if you're on the right track!  This week, Bill and Andrew explain the 4% rule and how everyone can use this simple trick to check in on their retirement savings goal.

Retirement planning is all about maximizing your savings and tax benefits.  This week Bill and Andrew discuss how a Backdoor Roth or a Roth Conversion can benefit retirement savers.

Compound interest is the most powerful tool in creating wealth. Join Bill and Andrew this week as they teach you the "Rule of 72" or as they like to call it: "back of the napkin financial planning."

Generational wealth is wealth that lasts beyond your lifetime and impacts the future of your family. Today, Bill and Andrew discuss how parents and families can teach the next generation the principles, habits, and characteristics of proper money management.

This week Bill and Andrew keep Rolling with the Changes...but deeper into the 401K Rollover process.  What are your options? What mistakes can be avoided? What the heck does commingling mean?!  Listen for the answer to these questions and more!

Money touches all areas of our lives and relationships are no exception!  Learning how to navigate the topic of finances can make or break your relationship with your significant other.  This week Bill and Andrew look at the research to see where couples get it right and wrong...and how to fix it!

401K's are popular retirement savings accounts for individuals employed by a company.  The question becomes: what do you do with your 401K when you leave the company?  This week, Bill and Andrew discuss your rollover options and the questions you should ask when confronted with the option: "to roll or not to roll."

We spend a third of our lives working! Career choices have a profound impact on our wealth and wellbeing.  This week Bill and Andrew discuss how to evaluate your next career move.

Ever fell like you missed the party?  This week, bill and Andrew talk about the questions you should be asking about commodities, Bitcoin, and the investments that give us the Fear Of Missing Out!

Have you ever had the hot hand and couldn't lose? Whether in the investment markets, housing market, or craps table, mindset and perspective is everything.  In this episode, bill and and Andrew discuss Kenny Rogers' "The gambler" and the mistakes investors make by walking ...or not walking away from the table.

Fear and worry can waste investors' time, energy, and most importantly - money!  To often we spend time focusing on things that either don't matter or things with which we have limited control.  This week Bill and Andrew discuss some of the areas that can paralyze even the most savvy investor.

Have you ever uttered the phrase 'time is money?"This week Bill and Andrew break down the difference between the two, comparing their values, and revealing where that famous phrase came from!

Comparison is the thief of joy.  We compare our cars, houses, haircuts, clothes, and yes...investments!  Listen in as Bill and Andrew talk about the most common ways people compare themselves and the pitfalls to avoid.

Every Investor is looking for an edge and while it's hard to what the next "big thing" will be, this week we discuss the 5 investments every investor MUST make.

Looks can be deceiving, especially when looking at a stock watchlist. A screen filled with green and red numbers can lead to potentially false perceptions.  This week, Bill and Andrew discuss the facts and fallacies of reading your favorite stock page.

Making wise decisions on major budget items can have the largest impact on your overall wealth.  These are typically housing, taxes, and cars.  This week Bill and Andrew discuss how to approach the car buying decision, the costs you must consider and how to set an appropriate auto budget.

A part of creating wealth is understanding your assets, liabilities, and how to effectively LEVERAGE! A Securities Based Line of Credit (SBL) can be an effective tool to help cash flow issues.  This week we will give you all the features and benefits of the Mighty SBL!

We all have beliefs about money that drive our financial behaviors.  These are your "money scripts." The awareness that there are unconscious beliefs driving decision making is the first step towards creating a healthy relationship with money.  This week, Bill and Andrew discuss the behaviors associated with your money scripts and what you can do to rewrite your script!

Debt can accelerate your wealth at lightning speed...but it can also cripple your financial house. Thiw week, Bill and Andrew discuss how it works and the considerations anyone should make when deciding to use it.

Innovation and technology continue to revolutionize the world and can leave a lot of investors wondering "am I too early?" or "am I too late?"  This week, Bill and Andrew discuss the perspectives you need to understand market cycles and how to make successful decisions.

Financial talking heads have discreetly inserted investing "catch phrases" into your vocabulary that may be hurting you!  This week, Bill and Andrew challenge these investment proverbs and help provide perspective on how to make sensible financial decisions.

Buying and selling real estate can be a great way to build wealth and your portfolio, just make sure you follow the tips in today's episode to maximize your results. Today, Bill and Andrew discuss the process, players, and philosophy involved in a 1031 exchange.

This week, Bill and Andrew walk through the events of 2020, month by month, highlighting the stories that shaped the markets and our lives. 

Navigating life's financial decisions can be scary but the good news is you don't have to go it alone!  Today, Bill and Andrew discuss what it looks like to work with a financial advisor and answer the questions that may be preventing you from getting help.

In this week's episode, Bill and Andrew discuss some of the very common and very backward misconceptions when investing in stocks including what stock splits are, what a market vale is, and the why companies issue dividends.

Have you ever thought "what really is a bond?" In this week's episode, Bill and Andrew break down in very simple terms what a bond investment is and how investors can use this tool.

In this episode, Bill and Andrew discuss the FDIC, Gold and Treasuries and debate the safety that is perceived...and the reality.

In this episode, Bill and Andrew discuss what it really means to be "wealthy" and provide the tools they have used to find health in the 4 most important areas of your life.

In this week's episode, Bill and Andrew discuss the technical jargon used in financial circles and break down what these terms mean and how they relate to your financial decisions.

In this episode, Bill and Andrew discuss the error of trying to get something for nothing, what do to when you have unmet expectations and the common pitfalls investors make.

Ever wonder how to invest during a crisis?  This week, Bill and Andrew talk about market crashes, the crises behind them and how to invest through them.

This week, Bill and Andrew discuss how your finances are structured like a football team and if defense wins championships, then taxes help you win wealth!

In this episode we discuss Bill's coined phrase, "The Krispy Kreme Effect," and what every investor needs to be aware of when making an investment based on optics.

This week the guys discuss creating momentum with your money, establishing a vision, hitting milestones and the importance of having a dream!

This week, Bill and Andrew help you answer the question, "am I good with money?" They give detailed insight to help get household finances in order and assist in uncovering your next steps to financial freedom.

In this week's episode, Bill and Andrew discuss the importance of income, provide tips on how you grow your income, and share why they believe practicing gratitude and humility can help you receive more!

There are big differences between mutual funds and ETF's.  In this week's episode, we break down the difference between active vs. passive management and how to use each for long term investing success!

In our inaugural episode we go deep!  Bill and Andrew discuss Plato's Allegory of the Cave, the shadows that shape our reality, and how we perceive money. Also, the debate turns to who would be cast in a modern day rendition of this Third Century tale.