In this episode of Money Matters, brought to you by Greenberg Financial Group in Tucson, Dean opens with an argument worth hearing if you own anything in the memory space. Micron has been a cyclical stock his entire career, and he explains why he thinks that’s changed, using the human brain to make the case. He also gets into the Chinese chip headlines that keep rattling the group, what the Fed does next, and where Social Security has to go over the next twenty years.
From there Dave, Dylan and Sebastian break down the NASDAQ’s worst week in roughly 18 months. It wasn’t a run for cash. The Dow and the equal weighted S&P both finished higher, so money moved around instead of leaving the market. What spooked investors was credit. CoreWeave is at the center of it, down about 80% from its high with its bonds trading at eighty cents on the dollar, and we walk through why Jensen Huang’s comments on CNBC mattered so much. We also make the case that we’ve seen this movie twice already this year. The SaaSpocalypse was supposed to sink Salesforce, AI was supposed to replace cybersecurity, and both groups came back.
We also cover hot inflation numbers that somehow sent interest rates lower, Taiwan Semi falling despite 41% revenue growth, NVIDIA announcing the largest buyback in history, and Apple hitting a new all time high on its foldable iPhone.
The back half is all about year end planning. We cover the December 31st deadline for required minimum distributions, how qualified charitable distributions let you give straight from your IRA without it becoming taxable income, the 3.6% Social Security increase coming in January, and the 401k super catch up for savers between 60 and 63 that most people don’t know about. Dylan also shows how our what if tool answers the questions keeping people up at night, like what happens if I retire at 62 instead of 65. Plus a Tucson fun fact about a seed vault on River Road.
Our next free interactive financial planning seminar is Friday, October 30th at 11:30 at La Paloma Country Club, and only about twenty spots remain. Register at www.GreenbergFinancial.com or give us a call.
If you’ve been thinking about taking us up on the free financial plan, this is the kind of clarity it brings.
If you would like to contact us to learn more about our firm, our seminars, and our process - call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com
Disclaimer:
This show discusses different investment products and strategies. Every product and strategy has some type of inherent risk and we strongly encourage our listeners to properly understand these risks. Past performance is no guarantee of future performance. The information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. The material covered on this program does not involve the rendering of personalized investment advice, but is for general information purposes only. A professional advisor should be consulted before implementing any of the options presented. Greenberg Financial Group is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
