173 episodes

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its sixteeth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

WEALTHTRAC‪K‬ Consuelo Mack

    • Investing
    • 4.5 • 165 Ratings

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its sixteeth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

    Financial Bubbles of Historic Proportions

    Financial Bubbles of Historic Proportions

    The balance sheet of the Federal Reserve continues to surge at an unprecedented rate, up 83% y/y to a historic level, $7.59 trillion at the latest count.

    According to our WEALTHTRACK podcast guest, financial historian, and long-time market observer James Grant, interest rates, the “central pricing mechanism for financial markets” have been pushed to artificially low levels by the Fed’s policies which have created numerous market bubbles. He cites Bitcoin as one of the most extreme examples.

    WEALTHTRACK #1735 published on February 26, 2021

    More info: https://wealthtrack.com/bitcoin-is-one-of-many-bubbles-of-historic-proportions-today-says-financial-historian-james-grant/

    Common Sense: The Investor’s Guide to Equality, Opportunity, and Growth: https://amzn.to/3sxkIJm


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    • 16 sec
    Which Investments Are Poised To Do Well In 2021?

    Which Investments Are Poised To Do Well In 2021?

    Part 2 of 2

    Old fashioned asset allocation used to be a fairly simple exercise: 60% individual stocks, usually U.S. large-caps and 40% bonds, mostly investment-grade corporates, some Treasury securities for liquidity, and a smattering of municipal bonds for higher tax bracket individuals.   

    Today it's a whole different ball game, juggling multiple global asset classes, using complex computer modeling, algorithms, pricing formulas, and intensive analysis.  

    This is the realm of Sébastien Page, head of T. Rowe Price’s Global Multi-Asset division where he oversees $350 billion in assets. Last week on WEALTHTRACK we discussed the concepts in his new book, Beyond Diversification: What Every Investor Needs to Know About Asset Allocation.  

    This week we will address the current investment environment and how he and his team are positioning clients’ portfolios. What does Page think of these alternative asset classes? We’ll find out. 



    WEALTHTRACK Episode #1734 broadcast on February 19, 2021



    More info: https://wealthtrack.com/which-investments-are-poised-to-do-well-in-2021-strategy-advice-from-an-asset-allocation-pro/



    AGAINST THE GODS: THE REMARKABLE STORY OF RISK: https://amzn.to/3dB4smt

    Beyond Diversification: What Every Investor Needs to Know About Asset Allocation: https://amzn.to/3u2Syrg






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    • 26 min
    Portfolio Diversification’s Failure: Bear Markets Calls for a New Strategy

    Portfolio Diversification’s Failure: Bear Markets Calls for a New Strategy

    Part 1 of 2: 

    Talk to most investment professionals and they will tell you that portfolio diversification is the key to successful investing and that asset allocation among multiple asset classes, not individual security selection, accounts for as much as 100% of investment returns. Being broadly diversified among different asset classes is supposed to give you strong exposure to market rallies and protection in down markets as non-correlated assets zig when others zag and soften the downside impact.

    However, there are times when diversification doesn’t seem to work. Take the huge sell-off in the spring of 2020, the shortest bear market in history when asset classes plunged pretty much across the board, even gold and Treasuries took a hit. 

    What are the lessons to be learned about the usefulness of diversification from 2020’s experience? Is there a better way? 

    Our guest today is a financial thought leader in asset allocation at T. Rowe Price. Sébastien Page, Head of Global Multi-Asset at the firm. Page is also the author of a new book titled Beyond Diversification: What Every Investor Needs to Know About Asset Allocation.

    Page says diversification did fail in 2020’s bear market but that shouldn't surprise us, and yes, there is a better diversification strategy. We’ll find out what it is. 

    WEALTHTRACK #1733 broadcast on February 12, 2021



    More info: https://wealthtrack.com/portfolio-diversifications-failure-to-protect-in-bear-markets-calls-for-a-new-strategy/

     

    Beyond Diversification: What Every Investor Needs to Know About Asset Allocation: https://amzn.to/3u2Syrg


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    • 26 min
    Dreifus: Build Focused Portfolios That Beat The Market

    Dreifus: Build Focused Portfolios That Beat The Market

    One of the most notable characteristics of the last decade was the wide divergence in market performance. We have reported many times on the narrow group of superstars, mainly large-cap U.S. tech stocks and the much wider universe of laggards, value and small-cap stocks in particular. 

    In 2020 that divergence blew up.  Small-cap went from worst to first. The year began disastrously.   Small-caps ended the year with their best quarterly gain ever, a stunning 31% advance in the index, handily beating large-caps for the quarter. 

    When it was all over the Russell 2000 had gained 101.3% from its March 18th low to year-end, although it lagged large-cap and tech for the entire year.  

    We have a WEALTHTRACK exclusive this week with an investment legend whose specialty is in-depth financial analysis in the small-cap universe. He is Charlie Dreifus, lead portfolio manager of the Royce Special Equity Fund 

    Before delving into small-caps I asked Dreifus to share his perspective on current market conditions based on his half-century of managing money. A hint: he told me “I've seen this movie before, and it doesn't end well.”   

     

    WEALTHTRACK #1732 broadcast on February 05, 2021

    More info: https://wealthtrack.com/royce-special-equity-funds-legendary-charlie-dreifus-explains-his-winning-by-losing-less-strategy/




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    • 26 min
    Financial To-Do List For A New Year [2021]

    Financial To-Do List For A New Year [2021]

    Blast off! Stock markets are setting records, with tech stocks leading the charge once again. “Don’t fight the Fed” should now encompass “don’t fight the Treasury, fiscal stimulus, vaccinations and investor demand for ‘real’ (after inflation) returns.” The Wall Street Journal reports that the “S&P 500 rose 14.3% from Election Day through Inauguration Day, its best performance on record for that period.” (The Wall Street Journal “Stocks Climb To Records, Led By Tech Sector” 1/21/21)   



    In retrospect, 2020 was an entire year for the record books: 

    - A once in a century global pandemic;

    - Unprecedented, massive monetary and fiscal stimulus;

    - A brief deep recession and the shortest bear market in U.S. history;

    - A record-breaking stock market rally;

    - The continuation of near record-low interest rates

    - And the election of a new president with a very different policy agenda. 

    Portfolio rebalancing is just one of the actions on Christine Benz’ financial to-do list this year. In part 2 of our interview with Morningstar's Director of Personal Finance, she helps us get in personal financial shape for the year ahead.  



    WEALTHTRACK #1730 broadcast on January 22, 2021

    More info: https://wealthtrack.com/2021s-financial-to-do-list-with-morningstars-personal-finance-guru-christine-benz/



    Books mentioned in  the episode:

    30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances: https://amzn.to/3ig0cZE



    Morningstar Guide to Mutual Funds: Five-Star Strategies for Success: https://amzn.to/3ifVVp8




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    • 25 min
    Financial Plans: Pandemic Era Rethink

    Financial Plans: Pandemic Era Rethink

    COVID-19 has affected just about every aspect of our professional and personal lives, including the state of our finances.

    Whether you or a loved one are among the more than 20 million Americans who lost their jobs in the spring of 2020 in the depths of the lockdowns, or one of the millions of Americans who saw their retirement portfolios plunge in the shortest bear market on record in February and March, (and if you stayed invested have benefitted from the markets rebound), or if you or a loved one are among the 20 million Americans who have been stricken by COVID your finances have been affected.

    Financial services firm Morningstar has also been paying attention. In a recent article, “What the Coronavirus Means for the Future of Financial Planning,” its Director of Personal Finance, Christine Benz addressed the issue and we have asked her to enlighten us.

    WEALTHTRACK # 1729 broadcast on January 15, 2021

    More info:

    Books mentioned in  the episode: https://wealthtrack.com/the-pandemic-era-requires-rethinking-financial-plans-says-personal-finance-guru-christine-benz/

    30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances : https://amzn.to/3ig0cZE

    Morningstar Guide to Mutual Funds: Five-Star Strategies for Success: https://amzn.to/3ifVVp8


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    Support this podcast: https://anchor.fm/wealthtrack/support

    • 26 min

Customer Reviews

4.5 out of 5
165 Ratings

165 Ratings

Dean130130 ,

The Bomb 💣

Consuelo is a veteran investment and economic journalist and an expert interviewer. Listen to her and her top-notch guests as they paint a clearer picture of economic challenges and opportunities and help you navigate the complexities of sound money decision making.

trillionshelper ,

BIGTIME FAN

Excellent show, best on finance. Adult, serious, insightful and always useful and informed valuable information. In fact, more useful as an investing aid than the WSJ and NYT.
But please don’t have guests (such as 2/14/20 show) who is a manager who consistently underperforms their market. They sound super intelligent ....but what’s the point if they always underperform? (Even when market is down!)

Tawm2 ,

Best information for individual investors

Consuelo Mack has been hosting this valuable, informative program for decades - taking over from the legendary Louis Rukeyser who originated Wall St Week on PBS. Wealthtrack offers sophisticated advice in easy-to-understand terms for the individual investor - novice and experienced alike. Very highly recommended! Thanks to sponsors, Consuelo and production team.

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