Kerry Lutz's--Financial Survival Network

Summary:
Craig Hemke comes on the show to give a comprehensive update on precious metals—which have been sinking. Craig says that it’s remarkable that they’re not even more down based on interest rates, the stock market, and the Fed’s recent decisions. There seems to be a sense of complacency with the Fed, but it’s time to acknowledge that they can’t fix everything, and many of their recent moves have worsened the problems we’re currently facing. Listen in for more insight from myself and Craig.

Highlights:
-Precious metals have been sinking
-Gold and silver are down, but it’s remarkable that they’re not down more in consideration of interest rates, the stock market, and the Fed’s moves
-Silver is closer to/has already seen its lows
-Craig is more worried about gold, running its stops
-The Fed needs to make a choice between letting the dollar go to nothing, or killing the economy/stock market
-People are viewing the Fed as an omnipotent force with full control over currency
-There is complacency across the markets, but this is not a sustainable way of thinking

Useful Links:
Financial Survival Network
TF Metals Report

Summary: Adam Curran comes on the show to share his investment philosophy—influenced by his upbringing and exposure to middle class life. Adam’s view of the economy is largely shaped by the people he advises; in his career he quickly learned that much of his Wall Street knowledge was useless. Rather, kitchen table financial planning taught him a lot about how everyday finances work, and what’s really important within the markets. Tune in for more information.

Highlights: -Adam grew up helping him answer his Mom’s business calls. His Dad was an engineer so he also became skilled with numbers/math -Certain communities have lost touch with the challenges and concerns that people have on main street kitchen tables -Adam started his company after having conversations with these people and learning about their struggles -Kitchen table financial planning taught him that what he learned on Wall Street was meaningless—especially for families trying to calculate their expenses -How low can the current markets go? There is a lot of capital on the sidelines that Wall Street analysts are hiding—with the perception that it’s going to go away soon
-Adam could see the market dropping another 20% -

Adam’s advice: Take a chunk of your portfolio and put it in something predictable/dependable, have a heavy emphasis on stocks that pay dividends, and don’t turn your back on the market. -There’s no asset class quite as good as income producing real estate; it’s best to sit on the sidelines and catch certain deals. It’s not about the home’s value, it’s about having a tenant in that home

Useful Links: Financial Survival Network