The DC Today - Tuesday, October 17, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 17 October 2023
⏱️ 8 minutes
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Summary
Today's Post - https://bahnsen.co/46UIS4q
Today David Bahnsen is on day two of the annual TBG Money Manager Due Diligence trip in New York. This is an exciting time of the year as our investment committee dives deep into all the portfolio particulars and then surfaces with a plethora of content to share with our clients as well as some actionable portfolio items. I believe this is year 18 of this trip and something that I know (1) David greatly enjoys and (2) has a meaningful impact on how we manage capital for our clients.
Thank you, David, and we look forward to welcoming you back for the Dividend Cafe on Friday.
With that said, I, Trevor Cummings, will take the reigns today and walk you through the latest market happenings.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.0 | Hello, welcome to DC today. You have a rare sighting of none other than me, Mr. Trevor Cummings. Our two fearless leaders, David Bonson and Brian Zytel are in New York. |
| 0:22.6 | They're doing their TBG money manager due diligence trip. |
| 0:26.8 | David does this every year, and he might correct me, but I think this is 18 years he's been doing this. |
| 0:33.9 | So he heads to New York, meets with, I can't even tell you how many different managers |
| 0:38.4 | and basically just opens his brain for three or four days in a row, downloads as much as you |
| 0:44.4 | can about what's going on in the world, synthesize that into something palatable that |
| 0:48.8 | he can deliver to our clients, and then itemize that into actionable items that we're going |
| 0:53.3 | to do inside of our portfolio |
| 0:54.6 | based on those learning. |
| 0:56.5 | So I know it's one, something that David greatly enjoys. |
| 1:00.7 | And two, I know it's extremely meaningful to our clients. |
| 1:03.7 | So it's quite an exciting time of the year, which makes me happy to sit in and fill in for |
| 1:09.0 | Mr. David Bonson. |
| 1:10.4 | And a great opportunity to say here on a recorded video, thank you. |
| 1:15.6 | What David does and the sacrifices he makes, this tripping one of them, is just huge. |
| 1:21.6 | And all the benefits roll down to us that work here at the Bonson Group and clients that we serve on a daily basis. |
| 1:29.5 | So thank you, Mr. David Bonson. |
| 1:31.4 | He will be back Friday with his normal dividend cafe, and you will be delighted to have me for the next few days filling in on D.C. today. |
| 1:39.6 | So markets were boring today. |
| 1:42.7 | That's an easy way to describe them. |
| 1:45.9 | They're pretty flat. So the Dow was up about 13 points. That translates to almost no move, right? It's about 0.04%. The S&P was down |
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