How Much is Happiness Worth? (EP.321)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

🗓️ 16 August 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 321 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Ben's trip to NYC, stock market vs. bond market valuations, the 4% inflation scenario, why the consumer is so important, record home values (again), the power of home equity, and much more! This episode is sponsored by Franklin Templeton. To learn more about the Franklin U.S. Low Volatility High Dividend Index ETF (LVHD), visit: https://www.franklintempleton.com/investments/capabilities/etfs If you'd like to apply for the Creative Media Editor position we're hiring, send a resume and portfolio to hiring@ritholtzwealth.com. Learn more at: https://www.linkedin.com/jobs/view/3677185959/ 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 animalspiritspod@gmail.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 Franklin Templeton ETFs.
0:04.6	About a couple of weeks ago on what are your thoughts I was talking to Josh
0:08.0	about dividends, which are obviously a popular style of investing. But I was saying that
0:12.9	if you're going to invest and dividends is your primary input but taking that a step further,
0:19.0	it's dividend-paying stocks that have a high yield and that's all that you're looking at.
0:23.6	That is a recipe for disaster.
0:26.1	Right, you can't use a single variable analysis. Most dividend strategies have to have
0:31.3	another component for it to make sense. If you've just picked the highest yield,
0:34.7	chances are you're going to pick a stock that's in trouble in some way.
0:37.2	So yeah, dividend growth, dividend stability, something, anything other than just dividend
0:44.0	alone. It's interesting because last year, defensive strategies like dividend stocks outperformed
0:48.7	by a wide margin and everyone who wanted anyone's clamoring for those types of strategies.
0:52.8	Now this year, it's the opposite. Everyone is looking again for the more exciting
0:56.8	things because there's a lot where the defensive stuff is taking a backseat, I guess.
1:01.6	We talked last week about how even in good years there's a chance for
1:06.1	corrections along the way. Or even in bulk markets, there's chances for correction.
1:10.1	I don't think you need to have a correction for a defensive strategy to work, but it certainly
1:14.2	can help. So Franklin Templeton has the U.S. low volatility high dividend ETF.
1:20.2	So combining these companies that have low volatility not only share price, but also in their
1:24.9	financials with a high dividend yield. So dividend income, discipline process, defensive positioning.
1:32.3	Dividend strategies are, to me, one of the more intuitive defensive sort of hedge strategies
1:36.9	that there is. It intuitively makes sense to almost every investor.
	...

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