Dec 2, 2022
Summary:
Kyle O’Dell has a long history in the financial sector, and comes
on the show to give his take on the latest GDP numbers. Although
the 2.9% GDP headline looks promising, Kyle suggests that there is
a lot more to it. Other variables such as increasing credit card
balances, lower income levels, and lower savings indicate that the
reality is less positive than we may be led to think. Kyle outlines
some investing opportunities that provide safety within the
downside, and we discuss the future implications of what is
happening right now. Tune in for more insight.
Highlights:
-The employment numbers are looking weak and GDP is looking
better
-The reality isn’t quite as encouraging as the 2.9% GDP headline;
Kyle suggests that there is a lot more to it
-Credit card balances are going up, income is down, and savings are
down. We’re also seeing sluggish business investments and a slowing
housing market
-The reality is that the 2.9% is not as positive as it looks on the
surface
-The reasons to stay away from the market or be cautious change
every year
-Over time, a well diversified portfolio plays out, but you need to
be careful about where you’re investing in
-Fixed index annuity has no downside at all, and this is a great
place to draw from when the markets are down
-You have to have a plan and implement it before the market takes a
step back
-As interest rates go up, the value of bonds decreases
-Productivity is down and supply and demand are decreasing
-Rising interest rates hurt business and the consumer
-We want to see strong GDP with lower inflation
-Banks sitting on money is going to hurt all sides of the
economy
-The United States being more energy dependent is the best
option
-Consumer sentiment reached its lowest point in June 2022
-We need to stop using a blunt object to solve all problems
Useful Links:
Financial Survival
Network
Edgerock Wealth