• Buying a home isn’t just about numbers—it’s emotional, from nesting instincts to worrying about what neighbors think.
• Contrary to popular belief, owning a home often isn’t a great financial investment; it’s mostly a personal expense.
• There’s a sweet spot where owning beats renting, but for expensive properties, renting often comes out cheaper.
• Paying off a low-interest mortgage early might feel good, but financially, investing that money elsewhere often makes more sense.
• You never really “own” a home because ongoing costs like taxes and maintenance keep coming.
• A bizarre credit bureau feature for removing human trafficking info—raises a lot of questions about what’s on our reports.
• Trying to freeze or check credit reports online turned into a frustrating experience with errors and security concerns.
• A “chart crime” was discussed involving misleading silver price charts that artificially suggest massive future price spikes.
• Everyone, including experts, has biases, and the best investing involves independent thinking free from crowd influence.
• Warren Buffett’s investment strategy of avoiding Wall Street noise by focusing on fundamentals is highlighted, though his recent performance is debated.
• The US stock market has outperformed international markets over the past two decades, with Europe’s regulatory environment hindering growth.
• Government remains the largest job growth sector in the US, followed by healthcare, while mining, logging, and wholesale trade experience declines.
• The overarching advice is to think independently and critically about economic and investment data rather than relying solely on common narratives or biased sources.
• Silicon Valley Bank’s collapse risked systemic damage due to concentrated wealth in California’s tech sector and the bank’s insolvency.
• Banks face difficulty raising liquidity quickly without selling assets at steep unrealized losses, causing stress in both banking and real estate markets.
• Tech giants like Apple, Microsoft, and Nvidia are performing well in earnings season, while healthcare and oil services sectors lag.
• Caution is advised against chasing recent market gains, with better opportunities expected in the fall after potential market pullbacks.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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For more information, visit the show notes at https://moneytreepodcast.com/kirk-changes-his-tune-on-housing-731