What to learn from 2006 and use in 2007

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 10 January 2007

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Before we can look forward I think that it is smart to review what happened in 2006: Domestic Stock Markets: * The 2006 market was interesting in the fact that the first half was pretty flat as everyone tried to figure out what the Federal Reserve was going to do with interest rates. * The second half was El Fuego (“ON FIRE” for my Spanish-challenged listeners). The Fed decided to take a break with interest rates, oil prices dropped, everybody and their brother decided it was a good time to merge with other businesses, corporate profits were better than anticipated, unemployment was lower than expected, and interest rates came down. * All of this was the perfect mix of optimism and lower inflationairy news that allowed patient long-term investors to be rewarded. * Actual numbers for 2006 (with dividends reinvested): S&P 500 Gained 16% Dow Jones Industrial Average returned 19% (at an all time high) NASDAQ was up 10% (still more than 50% below 2000 levels) For more information, visit the show notes at http://www.moneyguy.com/2007/01/what-to-learn-from-2006-and-use-in-2007 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The Money God Podcast is hosted by Brian Preston and Brian Preston is a partner with Preston
0:05.0	and Cleveland Wealth Management. Preston and Cleveland Wealth Management is a registered
0:08.9	investment advisory firm regulated by the Securities and Exchange Commission and accordance
0:13.4	in compliance with securities laws and regulations. Preston and Cleveland Wealth Management
0:17.6	does not render or offer to render personalized investment or tax advice through the Money God
0:22.8	Podcast. The information provided is for informational purposes only and does not cost to financial
0:28.4	tax, investment or legal advice. It's Brian Preston, the Money God, with
0:34.2	storing order to your financial chaos, retirement, investing, taxes. You've got financial
0:40.7	questions, he's got financial answers. It's Brian Preston, the Money God.
0:46.8	January 10th 2007, we're back. I know I've missed you guys. It's been over a month now since we
0:52.1	did the last podcast and we've had a lot go on. I hope everybody had a great holiday season,
0:57.3	a good Christmas and they're back and refreshed and have all those New Year's resolutions working
1:02.0	for them. On that token, let me tell you that note about what we're doing today. We are actually
1:08.0	going to talk about what to learn from 2006 and how we can apply that to 2007 to make money.
1:14.5	We are going to do some pontificating about what's going to happen in 2007 with the economy
1:19.6	as well as your investment assets, but then we're also going to get into how each of the asset
1:24.7	classes did last year because I think there's a lot to learn from what happened in 2006.
1:29.4	Before we go into the financial chaos topic, because remember the whole purpose of the Money God
1:33.2	Podcast, for all the new listeners that have jumped on and got brand new iPods for Christmas,
1:38.3	is that we are here to restore order to your financial chaos. We are into our second year. That
1:43.3	is right. We are past our first year anniversary of doing the podcast show and has been extremely
1:49.3	more successful than I ever could have realized and I have thoroughly enjoyed being and bringing
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