Preserving Wealth Podcast
WITH MIKE MCCORMICK
Mike McCormick has been delivering financial advice over the air in southwest Montana for the past eight years.
It’s been a source of joy for Mike to dissect and relay timely economic concepts and concerns to a wide audience.
We’ve decided to make our own podcast, discussing topics that our listeners want to hear more of!
TOP STORY: Microsoft ‘wants to purchase TikTok’s entire global operations, KODAK and the Securities and Exchange Commission, Heroes Act in Congress, Gold And Silver Going Up – good or bad investment, Nearly 1/3 of people laid off during the pandemic have lost their jobs again study shows,
Gross Domestic Product of the US Tanks 32.9 percent, Germany’s economy posts its largest decline since 1970 with GDP shrinking 10% in Q2, Apple, Google, Facebook, Amazon, and Tesla success stories, Kodak skyrockets 1,200% in 2 days, Kodak CEO admits he bought thousands of shares in the fallen photo firm making him $1.5 million, Boeing lost $2.4 billion in the second quarter as the coronavirus pandemic crushed demand for new airplanes, Trump campaign rallies have racked up nearly $2 million in unpaid police bills.
Gold and Silver Goes Up: Good or Bad?, why do we have a coin shortage, Shane on FANG (Facebook, Apple, Netflix, Google) stocks along with a spirited discussion on Tesla, major Retail Store Bankruptcies Going Up and other fun stuff.
Mask or No Mask That is the question, Warren Buffett and Charlie Munger were ‘sidelined in fear, Warren Buffett’s former lieutenant quit to build her own Berkshire Hathaway, Twitter Breach, Walmart to require masks at all U.S. stores, and Condom sales are flaccid as ‘intimate occasions’ disappear due to virus.
No peeking, voters: Court keeps Trump taxes private for now, will schools open this fall – Tom, Shane and Mike weigh in, US mortgage rates slip to a record low 3.03% for 30-year loans, Bankruptcies Holding Steady in spite of virus and unemployment numbers, Mike explains the pros and cons of Custodial Accounts, Coronavirus pandemic continues to drive a coin shortage.
Jobs Report Sets New Record, NPC International — the largest franchisee in the US with 1,600 Pizza Hut’s and Wendy’s filed for Chapter 11, Mike and Shane debate the value of Tesla, are reverse mortgages a good idea, why is Amazon Delaying their yearly Prime Sale Day, how much is Amazon paying to buy small companies selling on their site, Goldman-Sachs Predicts big Increase In Oil prices, what is the next fuel product from Exxon, record number of Covid cases in US.
Money Guru Mike McCormick – Will the stock market take a hit from the demonstrations, where to put emergency money for easy access, benefits of a Roth IRA, benefits of I-Bonds as an investment.
Stock Market drops 1,800 points, Federal Reserve fear of re-openings, Mike gives the low down on preferred stocks, how would the markets react to a Biden win in November, anarchy in Seattle.
Economic Recovery, Unemployment Down Again as more people return to work, with everything going on why is the stock market so strong, what’s up with airline and cruise line stocks, should you be in bitcoin, and our cool market wrap-up.
Will Trump put sanctions on China? Also, corporate bond sales up, is this time for stocks to split, why are mortgage rates going down, unemployment is shrinking with return to work, how real estate investment trusts work, US-China Trade War costing US companies $1.7 trillion.
Preserving Your Wealth
WITH MIKE MCCORMICK
Mike McCormick has been delivering financial advice over the air in southwest Montana for the past eight years. It’s been a source of joy for Mike to dissect and relay timely economic concepts and concerns to a wide audience. We’ve decided to make our own podcast, discussing topics that our listeners want to hear more of!
The selloff of Feb 2018 was the first significant down day for the stock market in seven years. But it’s not rising interest rates or inflation, or even tumbling stocks that caused me to write to clients. Here, I outline larger concerns that we make sure to incorporate into long-term values based fiduciary planning.
Was the internet ever, truly secure? How we address Cyber Security is a rapidly changing task. We offer a few suggestions to help you build a lasting strategy to rest easy and handle a potential crisis.
It’s not what you make, but what you keep. Being middle income these days can mean paying lifetime taxes to the tune of more than $1.4 Million! If you are looking for a good return on your invested capital, listen to the tactics in this podcast. Remember, Mike is not a tax advisor, so bring these ideas to your CPA!
One of the greatest rewards of financial success is giving back to causes you believe in. Charitable giving from an estate can be accomplished in several tax efficient ways. We want to help you make sure that your giving plan has the maximum impact for you and the causes you support!
Typical financial advice looks like 60% Stocks and 40% bonds. But in this podcast, we introduce a new way to look at what you own, why you own it AND how to organize your assets a way that makes sense at every point in your life.