37 episodes

Welcome to the Payne Points of Wealth: The podcast that addresses all the pain points that come with creating your wealth, growing your wealth, and sustaining your wealth. Hosted by the Family Wealth Experts of Payne Capital Management, Bob, Ryan & Chris Payne. On a weekly basis, they deliver timely strategies and solutions for the pain points that come with building, preserving and managing your wealth.

Payne Points of Wealth Ryan Payne

    • Business
    • 4.8 • 13 Ratings

Welcome to the Payne Points of Wealth: The podcast that addresses all the pain points that come with creating your wealth, growing your wealth, and sustaining your wealth. Hosted by the Family Wealth Experts of Payne Capital Management, Bob, Ryan & Chris Payne. On a weekly basis, they deliver timely strategies and solutions for the pain points that come with building, preserving and managing your wealth.

    Simplicity Over Complexity, Ep #37

    Simplicity Over Complexity, Ep #37

    What's up!! It's episode 37 of Payne Points of Wealth and earning season is upon us. Companies are blowing the doors off earnings. Tech stocks have put mind-blowing numbers up there on the earnings board. Yet tech stocks are doing nada! Meanwhile, commodity prices are going up. Real estate investment trusts are going up. Value stocks are going up. There's a lot going on in the market. 
    How do you play it? Is tech finally dead? Should you get out or move your money around? We're going to break it down for you today. And on our Tipping Point segment, we're going to talk about consolidation. Is your money everywhere? Is it a mess? Do you have a plan? We're going to show talk about what you should be doing to organize and get on track for financial independence.
     
    You will want to hear this episode if you are interested in...
    This could be the greatest recovery in the history of the country [1:17]
    Tech earnings are up but the stocks aren’t doing jack! [2:38]
    Pipelines and their commodities [4:35]
    Factoring in how high inflation can go [7:39]
    The Tipping Point [11:21]
    How consolidating to one advisor can save you big! [14:44]
    Hidden Facts of Finance [19:49]
    Positive surprises from boring companies
    When it comes to markets it's about what are the surprises in the positive? Big tech blowing up their earnings is not a surprise. We're buying more stuff online. We're advertising on Facebook. Duh! The one thing that no one's factoring in is how high inflation can go. Each week that we have an unexpected surprise and inflation goes up it positively affects the bottom line of a lot of companies we're talking about like Procter & Gamble, Caterpillar, and Bank of America. These boring old companies that no one wanted to own for the last decade.
    This week on the tipping point: Consolidating your financial life.
    If you think your advisor's working for free, you're paying more than anybody in the industry. They hide these charges but they are there! One thing that we despise more than anything is being overcharged and if you're overcharging yourself, well... shame on you. 
    Here’s the thing, if you give one advisor $500k and you give another advisor $200k and yet another $300k then each of these firms is treating you like a small account. But if you consolidate it you're entitled to a discount on all the money together. Other problems with spreading it out is that you end up having overlap in your portfolio and paying high fees on all your accounts because you're a little investor at each firm. 
    Recently we had a client that had millions of dollars and they were being overcharged so much that we figured we could save them 2% a year in fees, that was $80k a year in fees they could drop! Can you imagine what they were losing on the returns that $80k invested over time would have profited them? It doesn’t pay to “diversify” like this!
    This week’s hidden facts of finance
    The Census Bureau recently put out its first raw numbers and found that the U.S. population grew at its slowest rates since the great depression and that did not include the death toll from the pandemic.
    According to Warren Buffet, there were about 2000 companies that entered the auto business in the 1900s because investors and entrepreneurs expected the industry to have an amazing future. Like electric vehicles today. However, in 2009 there were only three carmakers left and two went bankrupt.
    Resources & People Mentioned
    See if you qualify for a complimentary financial review from the Paynes
    Connect With Ryan, Bob, and Chris
    http://PayneCM.com 
    Follow on Twitter
    Follow on Facebook
    Follow on LinkedIn
    Subscribe on YouTube
    Follow on Instagram
    Subscribe to Payne Points of WealthOn Apple Podcasts, On Google Podcasts, On Spotify

    Inflation, Bonds, & Bitcoin with Kenny Polcari, Ep #36

    Inflation, Bonds, & Bitcoin with Kenny Polcari, Ep #36

    Hey, what's up! It's episode 36 of Payne Points of Wealth. We've got a special guest for you today, Kenny Polcari. He's Managing Partner at Kace Capital Advisors, Chief Market Strategist at Slatestone Wealth, and Managing Director at Campfire Capital. Most importantly, he was one of the most famous stock exchange traders going back to the ‘80s and no one gives you a better tour of the New York Stock Exchange than Kenny! We're going to talk with him about what's going on with inflation, the economy, and investing. On the tipping point, we're going to talk about bonds. Bonds are going down. Do you own bond funds? We're going to let some sunlight in and tell you exactly what you should be doing with bonds.
    You will want to hear this episode if you are interested in...
    Is there more inflation coming than our Federal Reserve Chief is telling us? [1:40]
    Housing prices & interest rates [3:41]
    Ken’s thoughts on crypto [7:23]
    Why would we listen to a strategist? [12:26]
    The Tipping Point [15:32]
    How bonds work [17:18]
    The difference between an individual bond and a bond fund [18:19]
    Hidden Facts of Finance [22:16]
    Kenny Polcari’s thoughts on inflation
    Kenny and Ryan seem to agree that there's a lot more inflation coming our way than our Federal Reserve Chief is telling us. 
    Here are Kenny's thoughts on inflation right now "I've been saying it for a while and I've been writing about it my note and we've been talking about it on television, but you can feel it, right? If you live in this world, if you go out shopping, out to the stores, you can feel the price increases. You can see it. And so therefore I don't need the CPI or some government report telling me that there's no inflation when I go out there and I feel that there's plenty of inflation all around, right? I mean, everybody sees it. Everybody's talking about it but the government doesn't want to admit that we've got it. And so my sense is that it's building and it's building. And it's going to rear its ugly head. It's not going to be temporary and transitory the way that the fed keeps telling us it's going to be. I think we're going to see this spike in the next month or the month after. But then it's going to remain and that's going to change the whole story, the whole fed story, the CPI story, the inflation story, how hot is hot? Define hot? You and I can define it one way. The fed is going to define it a different way to fit their story, to fit their narrative. And that's going to be the part where I think the market's going to have a difficult time and investors are going to have to figure out what's the definition of hot to them. And then what's that mean to valuations?"
    This week on the tipping point: Bond Funds
    When you own bonds outright it's simple, you know who you're lending to, you know what they're going to pay you in interest to borrow your money, and you know the set date in the future that they're going to return your money. But when Wall Street packages these bonds into a bond fund it takes away the permanence and definition and that's the big problem with owning a bond fund. Not only does the permanency and definition go away but there's also the question of quality. A prime example is back in 2015, there were a lot of municipal bond funds that were being AAA-rated, meaning they're the highest possible credit rating, that still held Puerto Rican bonds and Puerto Rico defaulted on their debt, which means that the holders of those bonds lost their money. Bonds are good, bond funds...not so much.
    This week’s hidden facts of finance
    Exchange-traded funds took in a record $502 billion in investor cash last year. Traditional mutual funds on the other hand said goodbye to a record $289 billion. Exchange-traded funds are typically less expensive and more tax-efficient and as we say here at Payne Capital Management, any money saved in taxes and fees is just a

    • 26 min
    Calling All Financial Procrastinators! This Show is for YOU!, Ep #35

    Calling All Financial Procrastinators! This Show is for YOU!, Ep #35

    It's episode 35 of Payne Points of Wealth and we're going to talk about everything going on around the globe. People are spending, Americans love to spend, but so does the rest of the world. We're seeing people spending money everywhere. Inflation continues to kick in just like we told you. We're looking at economic growth at the end of the year that's going to blow your mind. So how do you play it? How do you position your portfolio? You've got Coinbase going public. Crypto is going crazy and so is the world! We're going to give you some common sense advice today. On the Tipping Point, we're going to talk about procrastination. How do you procrastinate when it comes to your finances? Well, we're going to call you out on it. We're going to tell you how to get on top of those finances, get yourself financially independent, and get on the right track! Join us!
    You will want to hear this episode if you are interested in...
    Spending like drunken sailors with Louis Vuitton bags! [1:25]
    Insane increases in real estate and lumber [4:21]
    Stocks own real assets [6:19]
    The Tipping Point [10:20]
    Procrastinating because it’s stressful and overwhelming [13:23]
    Taking the first steps [16:35]
    Hidden Facts of Finance [18:44]
    Equities and commodities as inflation hedges
    The idea is to have stocks that own real assets, right? So as the value of those underlying real assets go up in value, the stock goes up in value, business is booming. As they do more business, their earnings go up. As they make more money, they pay more dividends. That’s what a terrific hedge against inflation looks like. 
    Equities are the core holding as an inflation hedge, but then there are also commodities. We don't see anyone owning commodities right now, except for our clients. Also, look at real estate. Real estate is going up. You want to have real estate as a hedge in your portfolio. You don't want to have bond funds, but what I see people owning right now are long-dated bond funds—which are down 13-14% this year— and gold which is down 10%. What a horrible combination. The bottom line here is you want to own what we call productive assets. 
    This week on the tipping point: Overcoming procrastination
    The first step is just telling us the assets that you have. The reason we have a job is that most people don't want to do this by themselves. Then starting to look at what you spent. Then when you're armed with that data, the sky's the limit! Then we can play. 
    What if you can start looking at what-ifs. What if I retired a little bit early? What if I worked longer? What if I saved a little bit more? What impact does it have? And that's the fun part. There is a fun part to financial planning. That's the part where you get to play and dream. What if you get to dream a little bit and start looking at where you can be if you make some tweaks and adjustments to your portfolio and into your time horizons? That's the good stuff. That's the part that's fun for us too. 
    This week’s hidden facts of finance
    If you invested $1000 into the following investments on January 1st of this year, you'd have this much as of April 16th... Tesla, your thousand dollars would have turned into $1,012. GameStop, you'd have $9000. Bitcoin, your thousand would have turned into 2000. And if you'd had $1000 Dogecoin it would be worth $55,000! Man, we missed that investment. The one message you have when you have this type of return in three months is that it can go down just as fast as it went up. Most likely faster.
    Resources & People Mentioned
    See if you qualify for a complimentary financial review from the Paynes
    Connect With Ryan, Bob, and Chris
    http://PayneCM.com 
    Follow on Twitter
    Follow on Facebook
    Follow on LinkedIn
    Subscribe on YouTube
    Follow on Instagram
    Subscribe to Payne Points of WealthOn Apple Podcasts, On Google Podcasts, On Spotify

    • 22 min
    Financial Products Don’t Sell Themselves And Those Who Sell Them Don’t Do It For Free, Ep #34

    Financial Products Don’t Sell Themselves And Those Who Sell Them Don’t Do It For Free, Ep #34

    Welcome to episode 34 of Payne Points of Wealth. We're going to talk about the roaring ‘20s today! There is so much going on. The economy's revving up and earnings are going to heat up as we begin earning season. Wondering what you need to do with your portfolio? Taxes are probably going up and we're going to give you strategies. On the tipping point, we're going to talk about the fine print. The financial industry always has caveats with what they're trying to sell you. We're going to give you the buyer beware and show you exactly what to look for. We've got lots of fun, fascinating facts of finance today too. It’s gonna be another great show, don’t miss it!
     
    You will want to hear this episode if you are interested in...
    The roaring ’20s are back! [1:09]
    The most dangerous words in investing [4:01]
    One theme over the last year [7:04]
    The Tipping Point [8:21]
    The annuity [8:50]
    The mutual fund [10:25]
    The real estate investment trust [12:33]
    Hidden Facts of Finance [16:42]
    It’s different this time...?
    If you weren't in the industry back in the ‘70s, then you haven't seen a bear market in bonds. That has consequences for investors because all these newbie advisors haven't seen what happens. They haven't seen the devastation caused when interest rates go up in those dreaded weapons of mass financial destruction, some people call bond funds. 
    One thing we've been putting out week after week is that inflation just keeps creeping in and one of the gauges that we love is the producer's price index. What the heck is that? Simply put it's what it costs companies to produce goods and that's going up... a lot. Companies are going to pass those costs on to us, the consumer, which causes inflation. That's what rising prices are all about. 
    The four most dangerous words in investing are "it's different this time". 
    Well, guess what? It is different this time! The GDP is going through the roof. It's the strongest US global economic recovery in almost 50 years. It's even longer than Bob’s been in the business. This recovery is going to be the best ever. We're seeing economic growth around the globe, unlike anything anybody who's listening to this right now, has seen since they've been investing.
    This week on the tipping point: Financial products aren’t bought, they’re sold
    When a financial product is sold it's like eating Chinese food. It tastes so good going down, but you feel so empty later. One big culprit is the annuity industry. You’ll never hear of anyone who went online and bought an annuity. It's always been sold to them and the person selling it doesn't do it for nothing. The commissions are astronomical on a lot of these products.
    Then you have another group of investments called mutual funds. They're not necessarily good or bad. It all comes down to whether or not they're appropriate. What could go wrong with a mutual fund? Well, one example, is if you have a manager of that fund that's trying to outperform their underlying index a lot of times they'll take a lot more risks than they need. Then end up getting less returns because they're trying to time the market as well as charging higher fees. 
    Lastly, we have non-traded REITs. Every time we see a non-traded REIT and ask the investor if they went out and found this to buy it the answer is always "Oh no, the guy who sold it to me told me said it was good." REIT stands for Real Estate Investment Trust. The crazy thing about these is they're sold because people feel like they're getting a "private real estate deal". On the flip side, you can buy a portfolio of REITs in an exchange-traded fund, which is 100% liquid meaning you can buy and sell it all day long. We’ve found that it's usually better than these private REITs where you can never get out of them.
    This week’s hidden facts of finance
    Warren Buffett's Berkshire Hathaway bought Coca-Cola stock

    • 20 min
    Some Like It HOT...We Prefer Profitable!, Ep #33

    Some Like It HOT...We Prefer Profitable!, Ep #33

    What's up! It's episode 33 of Payne Points of Wealth and the economy right now is hot. Make no mistake, we've talked about it week after week and it's happening. Unemployment is coming down way faster than expected. Consumers are buying more goods than expected and supply chains are on fire! 
    Today we're going to talk about exactly what you need to be doing in your portfolio, what you need to anticipate, and what this means for the global economy? On our Tipping Point segment, we're going to talk about conflicts of interest. Believe it or not Wall Street is not working for you. We're going to dig into all the dirty little secrets on Wall Street and the financial services industry that you need to be aware of so that you can make better decisions with your finances.
    You will want to hear this episode if you are interested in...
    Everything is higher than expected! [1:18]
    The Market is a slave to earnings [3:59]
    A hot tip on Bitcoin [6:11]
    The Tipping Point [8:41]
    The cost of protection [10:48]
    Structured products are only beneficial for the entity that’s doing the structuring [14:18]
    Hidden Facts of Finance [18:12]
    Wall Street strategist’s estimates are driving record highs in the market
    The market is a slave to companies’ earnings and companies are going to make a lot of money over the next two years. As a result, you're seeing strategists on Wall Street increasing their estimates of how high those profits or earnings are going to be. Every time they do that it ratchets up the price in the market so we're seeing new highs every week. The S&P 500 reached over $4,000 for the first time in history and we're closing in on $34,000 on the Dow.
    It seems that right now the bet is not on the future of profits for these big disruptive tech companies like Spotify, Zoom, or Tesla. It's more on the companies that are profitable now, those old-school stocks like banks and oil. That's been the theme here on our show week after week. It's about profits. All about profits! When you start thinking about your portfolio and you think about being strategic you have to think about what has the most benefits and what the losers are. The losers are going to be all these companies that have no profits.
    This week on the tipping point: Conflicts of interest
    The financial services world is riddled with conflicts of interest. We worked for one of the largest firms on Wall Street and spent a good amount of time just protecting our clients from the firm. It’s one of the reasons we started our firm Payne Points of Wealth. Check out the episode today where we will discuss some of the situations where the financial services industry might not be working in your best interest. 
    The first red flag about the financial services industry is that our government has been trying to protect the consumer for a good 20 years now bypassing what they call the fiduciary rule. That's where the advisor or investment firm has to put YOU, the consumer, the investor, the client’s interest first. But guess what guys? They've been fighting it tooth and nail, they don't want to put your interests first. They want to make as much money as they can. 
    This week’s hidden facts of finance
    The real net public infrastructure investment has been cut by more than half since the early 2000s. The new proposed $2.3 trillion infrastructure plan is equal to all of the revenue generated by Apple over the past 18 years combined, including that from every iPhone, iPad, and iPod ever sold! That's a lot of stimulus into the economy. Just think if the federal government had gotten into the smartphone and tablet business 18 years ago we probably wouldn't have anything to worry about, but the problem is taxes will probably go up in the future because we have to pay for this infrastructure somehow. Eventually, taxes are coming, but also the economic boom. So you get two sides of the coin

    • 22 min
    Learning a Payneful lesson, there are no new eras in investing, Ep #32

    Learning a Payneful lesson, there are no new eras in investing, Ep #32

    It's episode 32 of Payne Points of Wealth, we’ve got the news in plain sight, you've seen the headlines, and we give you the real story. The real story is mean reversion! Investors are learning a "Payneful" lesson, a trend we identified on this show months ago, and that is technology stocks are starting to sell-off. You might be wondering what’s a mean reversion? How does it work? We're going to break it down for you and explain why it's so important to understand as you're building your investment portfolio. 
    On the tipping point, we're going to pinpoint the Payne points having the biggest impact on your wealth right now. Which are rules of thumb when it comes to financial planning. What rules of thumbs should you be using? Which ones should you disregard? We're going to tell you what kind of customized planning you should be doing right now, what you should be applying to your financial plan, and we've got lots of fascinating facts of finance.
     
    You will want to hear this episode if you are interested in...
    No new eras in investing [1:24]
    Long term investors vs bubble makers [3:51]
    Two hard questions to ask yourself as an investor [5:31]
    The Tipping Point [9:12]
    The rule of 100 [9:39]
    The rule of 75% [10:36]
    6 months savings rule [11:54]
    The rule of 5 [13:36]
    The 4% rule [15:45]
    The Payne Capital A to B rule [16:53]
    Hidden Facts of Finance [18:32]
    Two hard questions to ask yourself as an investor
    First. Are we too optimistic about some markets’ potential or an “addressable market”? Is mom going to go Venmo grandma or maybe pay with Crypto or is she still going to write a check out of her Bank of America account? Is Tesla going to be the only electric vehicle option in town? Are we being naive?
    Second. Is this newfound optimism already priced in? Look at a company like DocuSign, a super hot stock right now, it trades for 153 years worth of profits. So maybe that addressable market is already priced in the stock for decades to come. We don't know, but these are big possibilities. And we don't think investors are asking themselves those hard questions.
    This week on the tipping point: Rules of Thumb
    In this episode, we talk about some financial “Rules of Thumb” you’ve probably heard in your lifetime. The rule of 100. The rule of 75%. The 6 months savings rule. The rule of 5. The 4% rule. In the episode we chime in on each of these, so you should definitely go listen, and these are all pretty good rules, but when it comes to investing... rules are made to be broken. 
    The only rule you need to follow is the rule of A to B, and that's getting your family from your point A— where you are right now financially— to your goals...your dreams...to your point B! That's the Bob Payne rule. That's the Payne Capital Management rule. And that rule will help you to rule your life financially, forever. 
    This week’s hidden facts of finance
    40% of companies successful enough to become publicly traded lost effectively all of their value over time. The Forbes 400 list of the richest people in America has roughly a 20% turnover per decade for causes other than death or transferring money to another family member. It just goes to prove that the numbers show it, that investing in individual stocks is not investing, it's speculation. Investing in the market and a diversified portfolio is the only way to go. 
    How lucky do you feel? Lucky enough to pick a company that not only stays in business but outperforms the index, or will you end up with a bunch of companies that go under? I don't know about you, but I don't speculate. I invest. Capitalism's messy. Anything that's incumbent today, whether it's Amazon, Facebook, or Google, is only a couple of steps away from creative destruction from some other force of the universe. So it's a great reminder that you can't stay complacent as an investor.
    Resources & People Mentioned
    See

    • 22 min

Customer Reviews

4.8 out of 5
13 Ratings

13 Ratings

MattBCT ,

Wonderful Insights From Fiduciaries

I listened to about half the shows so far and really enjoy the podcast. Question: As someone who is currently building my wealth by maxing out retirement savings, what options do I have besides bond funds? I only have approximately 8% of my portfolio in bond index funds. The rest is in equity index funds with some commodities and REITS as well. Should I simply not hold any bonds at my age(36)? How should those with limited options in a 401K plan hold the fixed income portion of their portfolio? Is there a way for an individual investor to hold individual physical paper bonds in their retirement portfolio? I’m ok with having 100% in equity now, but over the next 10-15 years I want to slowly move a small portion to fixed income. I expect to look to a financial advisor in the future, and I’m currently focused on the savings habits to get my portfolio to a place where it needs professional management. Currently under $300K.

Thank you

Jonathan Rosero ,

Fantastic podcast.

Great listen for Investors of all different expertise. Three Payne’s in a Pod provides diversification in the form of perspective and investment guidance & education in a quick and concise manner. Highly recommend.

Mike O (CLT) ,

Really enjoy this podcast! Keep them coming Payne’s!!

I like the insight that Ryan provides on the various financial tv networks throughout the day, so I thought I would give these podcasts a listen. Ryan is great in these as well and I also enjoy hearing the perspectives of his father Bob and brother Chris. I highly recommend this podcast especially if you are actively investing in the market. These guys a great!

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