The Magnify Moment in COVID

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Macro Economics, Monetary Policy, Dividend Growth Investing, Retirement Planning, Wealth Management, Investing, Business, Estate Planning

4.9 • 572 Ratings

🗓️ 23 October 2020

⏱️ 18 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

There are a couple things going on right now at The Bahnsen Group that make this a very fun time of year, and a very fun edition of the Dividend Cafe. I wrote last week about the annual money manager due diligence trip I have done since 2006 and how important it is to our business (and to our clients). The meetings of the last couple weeks, this year, coincide with the launch of our “Operation Magnify,” the largest portfolio undertaking we have ever experienced at our firm.

So today’s Dividend Cafe takes the reasons Operation Magnify became necessary, juxtaposes it with this COVID moment (what it supposedly means, what it most definitely does not mean, and what some think it may mean), and then applies lessons learned from our recent meetings and collaborations. I am aware the world is mostly focused on the election event coming up a week from Tuesday, November 3. There very well could be ample uncertainty and market volatility that comes as a result of the election (or the non-result). It would be difficult for me to devote much more attention to that subject than I have.

But the topics I want to dive into today are leaps and bounds more relevant to investors, long-term, than whatever uncertainty volatility the election results create. And like many understandings of the connection between politics and our portfolios, I believe the topics I am addressing today are riddled with misunderstanding.

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” (wrongly attributed to Mark Twain). Let’s jump into the Dividend Cafe!

Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Transcript

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0:00.0	Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life.
0:13.6	Hello and welcome to this week's Dividend Cafe. This is David Bonson. I'm the managing partner and the chief investment officer at the
0:22.9	Bonson Group. And I am just absolutely thrilled to be here in Newport Beach at our company
0:28.8	headquarters bringing you this week's Dividing Cafe on the very special subject of our
0:35.2	Operation Magnify in the COVID moment and juxtaposed with these money manager meetings
0:43.4	we've had over the last couple weeks that I spoke at great length about last week.
0:47.7	Last week's Dividend Cafe was focused around the kind of historical context of these different meetings and what it
0:57.7	has meant over the years, not only to me personally, into our business and to our portfolio
1:02.1	management process.
1:04.6	And this week I want to talk a little bit more about these two things that have come
1:08.8	together at this time, um,
1:11.5	that have really just been a massive endeavor here at our, our company.
1:16.3	And I will tell you in advance, whether you're watching the video or listening to
1:21.3	podcast, um, I say it all the time. And usually I'm saying it because I want you to see
1:25.7	the charts that we put in the written dividend cafe. Um, And I don't think I have a single chart this week other than the
1:33.2	chart of the week, because we always do that. But I am going to say that I believe there's a 0%
1:40.5	chance I will capture everything here in this podcast, the way that I think I've captured
1:47.5	it in written form. And so all that to say, if you have a chance to check out Dividoncafe.com
1:55.4	and kind of read over the written summary, I do believe it's a readable and digestible walk through what we mean by
2:05.2	Operation Magnify. And I'm going to walk you through some things right now. And we're going to
2:11.2	talk about COVID and we're going to talk about the economy and what it means at this point in time.
2:16.7	And I hope you will come away from this with a little more optimism and a little more realism
	...

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