New Flavors of FIRE

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 7 March 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

(0:21) Bill Mann discusses:
- The market's reaction to Chairman Powell's testimony in front of the U.S. Senate Banking Committee
- Shares of Dick's Sporting Goods popping 11% on same-store sales growth that more than doubled expectations
- How inventory management is a key in Dick's Sporting Goods recent success

(12:33) Alison Southwick and Robert Brokamp talk with Megan Brinsfield about the FIRE (Financially Independent, Retire Early) movement.

Companies discussed: DKS, HD, LOW, TGT, WMT

Host: Chris Hill
Guests: Bill Mann, Alison Southwick, Robert Brokamp, Megan Brinsfield
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Motley Fool Wealth Management (“MWFM”) is an SEC registered investment adviser. MWFM, as affiliate of The Motley Fool LLC (“TMF”) is a separate legal entity, and all financial planning and discretionary asset management services for our clients are made independently by the financial planners and asset managers at MFWM. No TMF analysts are involved in the investment decision making or daily operations of MFWM. MFWM does not attempt to track any TMF services.

Megan Brinsfield is the Director of Financial Planning at MFWM. The comments and ideas presented by the speaker in this podcast are solely those of the speaker and do not necessarily represent those of MFWM or any of its affiliates. This discussion is for informational purposes only and should not be construed an investment or financial planning advice or recommendations. Certain statements may be deemed forward-looking, however there is no guarantee of any outcome. Past performance does not guarantee future results.

Transcript

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0:00.0	When the Fed Chief speaks on Capitol Hill, Wall Street is listening.
0:09.2	Motley Fool Money starts now.
0:11.7	I'm Chris Hill joining me in studio.
0:23.4	Yes, in studio.
0:24.8	It's Motley Fool's Senior and Lilest Bill Mann.
0:26.9	Thanks for being here.
0:27.9	I can't believe it.
0:28.9	I wouldn't want to be anyplace else.
0:31.3	Despite the decorating leaves a little too.
0:36.3	We won't dwell on that because the dozens of listeners can't see the deck and decorating
0:41.6	it in the air quotes.
0:43.0	I want to get to some surprising earnings in a meta, but you and I are sitting in a studio
0:50.4	in Alexandria, Virginia and across the Potomac River on Capitol Hill.
0:55.8	The Fed Chief Jay Powell is spending a pleasant few hours with a group that I like to call
1:00.6	the United States Senate Banking Committee.
1:04.4	And the headline so far is Powell saying that despite all of the rate hikes, they're going
1:11.9	to need more aggressive interest rate hikes because the economy is still hotter than they
1:18.2	thought it would be when they started raising hikes in the rates in the first place.
1:22.5	Chris, I have a question for you.
1:24.2	Do you feel like you learn anything from when the Senate Banking Committee takes on the
1:29.6	Fed Chairman?
1:31.4	I feel like it is almost a test of the various senators, almost like a personality test.
	...

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