Grow Money Business with Grant Bledsoe Grant Bledsoe

Michelle Seiler Tucker is back on the show this week to discuss how higher interest rates have impacted the market climate for business sales.  Michelle is the best selling author of Exit Rich and has been in the M&A business for over 20 years (selling over 1,000 business over that time frame).  She shares a few basics of what business owners can do now to set themselves up for future success, as well as how the buyer’s perspective has changed.
We also cover some market news.  Gamestop has been in the news recently after Keith Gill, aka “Roaring Kitty” posted screenshots of his holdings and announced a YouTube livestream last week.  Gamestop proceeded to make a surprise earnings announcement, in addition to a secondary share offering after seeing it’s price jump over the last two weeks.
 
Links:
https://www.wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56

This week was relatively slow in market news…..until the Trump verdict came out.  Donald Trump was found guilty on all 34 counts brought against him in the hush money trial, which throws more uncertainty into upcoming election cycle.  The financial world changed on Tuesday as well, as the stock settlement cycle was shortened from T+2 to T+1.  We cover what all this means for you, how the markets reacted to the Trump verdict, and whether the investment vehicle Trump used to take Truth Social public is something you should consider for your portfolio.
Resources:
https://www.jpmorgan.com/insights/securities-services/regulatory-solutions/t-plus-1

We’ve covered a lot of technical investment concepts on the show over the last couple years.  Since it’s sometimes helpful to take a step back and focus on the core foundational concepts, this week’s episode covers the three golden rules of investing we should all be trying to use.  We also cover Nvidia’s stock split and the new world of financial scammers.
Resources
sherwood.news/tech/investigating-instagram-investing-scams/

A few weeks ago I had someone ask whether it was possible to live off of dividend income alone in retirement.  This gentleman had saved up a nice chunk of money and was currently invested 100% in stocks.  He was eligible for Social Security benefits, and was intent on never selling any of his shares in retirement.
Instead, he wanted to live off the dividends his portfolio produced to pay his expenses.  He thought that between his Social Security benefits and dividend income he’d have plenty to pay his bills.  I thought this was an interesting question, and dive into the details in today’s podcast episode.

We’re trying a new format on the show!  Starting this week each episode of Grow Money Business will include a few consistent sections.  We’ll answer mailbag questions.  We’ll interview guests.  We’ll spend a couple minutes reviewing the markets.  And we’ll review news articles you should be paying attention to.  Enjoy!
Resources:
etf.com/sections/news/fidelity-adds-surcharge-etf-platform
wsj.com/personal-finance/retirement/inherited-retirement-account-ira-irs-c3c95273?mod=personal-finance_lead_story
 

The general goal of investing is to buy low and sell high sometime in the future.  So how should we handle it when the markets make new all time highs?  Should we wait for the market to fall before investing new money?  Should we invest it all now to catch upward momentum? 
The reality is that markets make new all time highs pretty frequently.  Since our economy continues to grow, the size of the pie that drives corporate profits and stock returns simply tends to get bigger and bigger.  And even if you invest at a new all time high today, you’re still likely positioned for positive long term returns.
In today’s episode we dive into the details.  We cover the history of returns over 1, 3, and 5 year periods after investing at an all time high, and how you might think about this in the context of your overall strategy.
 
Resources:
3 Golden Rules On How To Invest At All-Time Highs
seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs