Straight Talk Wealth Radio Bruce M. Weide

This week I came into the KVTA Ventura studios and decided to broadcast live and take calls.

I really want to know what YOU want to hear about! 

I started to get into David Stockman and the difference between how the markets and economy appear and what Mr. Stickman thinks they're really doing. BUT...the phones kept ringing and YOU ALL are much more interesting.

Well, some nice ladies called in and we heard some fascinating stories. Check out this special editions!

There's a feeling out there that the investments markets have weak underpinnings, and that soon, the tides will change.

Maybe.

But do you understand why some pundits feel that way? With historically low unemployment, high prime-age workforce, and so thereby monetized consumers, what could go wrong?

Extreme global levels of debt. That's what.

Now, I'm not declaring any doomsday or recession. But if you're wondering where the fears start, they start there - with global debt levels. Because it's always the over-leveraging of debt into a bubble by investors and the banking system that causes "The Big Ones" when it comes to crashes.

Again, I'm not saying this is imminent in the near future at all. But in this episode, we start with global debt to help you understand a much more close-to-home related issue that I see so much misunderstanding and misguided asset allocation chasing toward. I'm talking about the Religion of Goldbugs.

When global debt breaks, as it did in 2008, did it cause inflation, or deflation? Is gold an inflationary asset, or a deflationary asset? If you're holding a major allocation of gold, and you don't immediately know the answer to those questions, maybe you've drank a little Kool-Aid, too?

I'll break it down for you in this episode, and actually help you have greater certainty when to own gold and when to dump it.

Episode includes articles on Global Debt from the International Monetary Fund and The Washington Post, plus excepts from my one-on-one interview with Harry S. Dent a few years ago. Plus, there's an offer to acquire a greater library of useful materials on the subject of Inflation, Deflation, and Gold.

Enjoy!

After a lifetime of accumulation of savings and wealth, for retirees the entire games changes to the spending of wealth.

So how does your portfolio provide for you then? In the past retirees have leaned heavily on income producing assets, such as dividends and bonds.

Dividend payments have particular frailties. They're never guaranteed and, as shown by  the 2018 collapse of telecom dividends, (Frontier, Century Link, etc) the income can be shut off with little or no notice. And when that happens, the stock price tumbles so that investors are trapped in quicksand, where it's impossible to get the money back out that they invested and take it somewhere else.

Bonds have their own trap, also discussed in this episode.

And so, in this episode of Straight Talk Wealth Radio a surprising new approach as to how income can be generated by a portfolio, known as Longevity Credits, is revealed. It can grow income from a portfolio in ways that have zero with to with the movement of interest rates or the direction of stocks. And it can produce income, often at substantially higher levels than dividends or bonds, and that will be guaranteed for life at that level OR BETTER!

If you ever think you'll need INCOME from your retirement portfolio, be sure to listen to this episode of Straight Talk Wealth Radio, before you find yourself stuck in the old traps of dividends and bonds.

If what Alan Greenspan says is true, we are heading into a whole new uncharted world of financial planning and asset allocation. In this episode hear Alan Greenspan in Sept of 2019 declare:
1.) The US GDP is driven by the US Stock Market! (The OPPOSITE of how it has ever been).
2.) Negative Interest Rates WILL COME to the U.S. It's only a matter of time!

This changes absolutely everything for retired investors and savers. It means:
Asset Allocation is gone! The component of Safety (bonds and bond funds) are going to earn so little they will be irrelevant to a portfolio. You will have to PAY for safety.The only place to be will be RISK-ON! But the very reason we are heading into low interest rates is to prop up a sagging market, which now has the very power to change the health of the US Economy by it's volatile swings.Every retired person, no longer working, will have lackluster portfolios unless they are willing to live their retirement on the precipice of Risk.In this episode Bruce discusses alternatives to bonds that can bring balance back to retirees portfolios when bonds and bond funds become impotent.

We've never covered this topic before, but every single person age 64 1/2 should be paying close attention. Medicare rules are changing. Rates are changing. Benefits for Medicare Advantage and Medicare Supplements are changing.

This week, Bruce brings in Ventura's leading Consultant on Medicare, Jessica Jones, to discuss why your Medicare coverage is NOT something you stop paying attention to!

As the US Economy achieves it's longest ever period of expansion, only one of two great stories can be told!
Overloaded with private and public debt, and a decade of stimulus, we will soon see the greatest bubble burst in all of US History.The Federal Reserve has done a phenomenal job, the economy has never looked better, America is the greatest economic engine in the history of The Western World, and demographics are poised to carry us into further prosperous times!We're not joking! Both stories are compelling! And in this episode Bruce draws on the words of David M. Stockman, credited with being the economic mind of the Reagan Revolution to slash taxes and support private enterprise, and Logan Mohtashami, an outspoken economist from Orange County, CA, blogger of Financial Truth, and frequent guest on Bloomerg and other cable financial news. And these two couldn't disagree more!

Get the "Fair and Balanced Story" because you've asked for it. But just be careful what you wish for. Because in the end, you're the one who will have to find the correct and true version.