Higher for Longer (EP.331)

Animal Spirits Podcast

The Compound

Business News, Business, Investing, News

4.7 • 2.1K Ratings

🗓️ 25 October 2023

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 331 of Animal Spirits, Michael Batnick and Ben Carlson discuss: higher growth and higher rates vs. lower growth and lower rates, why there is so much focus on 60/40 portfolios, bears vs. doomers, the annoyance economy, why no one is happy about the economy right now (or ever), a record jump in net worth, renting vs. buying, and much more! Thanks to YCharts for sponsoring this episode. To learn more about their advisor resources and tax efficient investing, visit: https://go.ycharts.com/how-advisors-use-ycharts-to-save-clients-money-on-taxes?utm_source=Animal+Spirits Thanks to Kaplan College for Financial Planning for sponsoring this episode. Learn more about the ABFP Professional Designation Program at: https://www.kaplanfinancial.com/wealth-management/abfp?utm_source=animal_spirits_podcast&utm_medium=podcast&utm_campaign=animal_spirits_partnership&utm_content=abfp Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's animal spirits is brought to you by your friends at Y-charts.
0:03.3	It's that time of year, Michael.
0:04.5	Advisors are gearing up at the end of the year.
0:06.8	Tax loss harvesting opportunities.
0:08.7	I'll tell you what time it is.
0:09.9	What's that?
0:10.7	It's heat in the house time.
0:12.6	We'll get to that in the show.
0:13.5	Continue.
0:14.5	Okay.
0:15.6	But Y-charts says clients don't want to be informed of what steps
0:18.4	they'll take to get them to their financial goals at the year end, right?
0:20.8	That's where Y-charts steps in.
0:22.5	They just released a comprehensive guide to saving
0:24.8	advisor's time and having more impactful client conversation
0:27.3	surrounding taxi efficiency investing.
0:29.6	Which makes sense, right?
0:31.8	We've mentioned this before, but I think you could save someone $1,000 in their taxes
0:36.4	or make them $100,000 in their portfolio.
0:38.8	And they would prefer the $1,000 in taxes.
0:40.5	People hate paying taxes.
0:41.7	Well, I would disagree with that.
	...

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