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FULBRIGHT FINANCIAL CONSULTING, PA 

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Blueprints and Fingerprints with Ed Fulbright on Mastering Your Money Radio

Today we are going to talk about Blueprints and Fingerprints – How Your Past Experiences with Money Impact Your Financial Well-Being. Blueprints is how you think about money. Fingerprints is your attitude toward money. Much of what we form as money habits, our attitude toward financial issues and our patterns are started early in life by the examples we viewed and the personal decisions we made around money. We learned important lessons about money by the way we grew up. We addresses parent’s habits and perspectives around money and the impact of their parent’s perspectives as well. Our attitudes and habits toward saving, investing, debt, and giving are also formed and informed early in life. http://returnonlife.masteringyourmoney.com/ Joining us for this Blueprints and Fingerprints discussion is Markeith Gentry who is the WNCU’s Production Assistant and makes sure Mastering Your Money is available to our listeners. Welcome back to Mastering Your Money, Markeith Gentry

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Finding A Hobby In Retirement

Fulbright Financial Consulting, PA in Durham, NC, clients some times have a challenge finding a hobby especially in retirement. No one loves every single thing about their workday. But once you no longer need to worry about earning money, it is possible to love every second of your new retirement schedule. You just need to be intentional about spending your time doing things that interest you with the people you care about the most.

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Is A Stock Bubble Bursting?

Is A Stock Bubble Bursting? Stocks plunged as much 6.6% last week, and, even though prices rebounded sharply by the end of the week, fear remains widespread. Despite the grim mood, the evidence is strong that the stock market is not in a bubble and that the economy is chugging along, on track for a long, slow ride to recovery. For a bubble in stock prices, irrational exuberance must be widespread, like it was during tech bubble of 2000. It’s not! Nothing like that is happening now! Covid crushed consumer confidence in March and April. Much of the uncertainty is caused by the runaway gains of the giant tech stocks. Facebook, Amazon, Apple, Netflix, Google, and Microsoft – the FAANGM – have led the recovery from the pandemic, leaving the broad market in the dust. And, because the major indexes are weighted by market capitalization, the super return on the giant FAANGM has powered a 42% gain in the S&P 500 since the March 23rd. 2020 bear-market low. The turbocharged returns of the major market indexes fueled by FAANGM are a Covid crisis anomaly, but FAANGM valuations are not out of control. The PEG ratios of the FAANGM – that is, their price-to-earnings ratios divided by the growth rate of their earnings, a more thorough metric than a standard P/E ratio, have not been outlandish, even as the price of the S&P 500 was breaking a new record high last week. In the months ahead, due to Covid-induced economic anomalies, stock plunges should be expected. The anomalies are bound to add uncertainty along the road to recovery. In March and April, for insatnce, consumer spending plunged because people were not going out and spending. At the same time, government payments from the CARES Act arrived in consumer accounts, disposable income hit a new record high, and the savings rate simultaneously skyrocketed by nearly 400% -- and this was happening at worst point of the Covid crisis! These conditions are without precedent and may take months to unwind. The latest economic data show a continued recovery in the manufacturing sector in August, with new orders booming. Meanwhile, in the much more-important service sector, responsible for 91% of jobs in the U.S., the latest figure – while not as a strong as expected -- remained strong in August, and the unemployment rate dropped much lower than the 9.9% rate that was expected, to 8.4%.. Amid the fear of a bubble in the FAANGM and anomalies of the Covid pandemic, the U.S. recovery is chugging along, slowly working its way back to the economic peak of 2019. Please contact us with any questions or to set up a meeting fulbrightteam@moneyful.com , and don't hesitate to share this video with people who might benefit from our work

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The Beginning of The End by Fulbright Financial Consulting, PA Of Durham, NC

The Beginning Of The End? The Coronavirus financial crisis is being compared to the near-collapse of the global financial system in 2008 and The Great Depression from 1929 to 1939, but there is one big difference this time: The Fed. The Federal Reserve Bank is using innovative new tools to contain the financial damage of the Coronavirus epidemic. In the financial crisis of 2008, the chairman of the Fed at the time, Ben Bernanke, an academic who had spent decades studying previous financial crises, repeatedly deployed a technique called quantitative easing, expanding the Fed’s balance sheet to buy back U.S. Government bonds on the open market to lower long-term interest rates. The tactic had never before been used by a central bank in a major economy. It worked! and QE was one of the reasons the U.S. recovered smoothly from The Great Recession of 2008 and 2009. The Fed’s response to the Coronavirus crisis is literally 10 times more powerful. Under the $2.2 trillion Coronavirus Aid, Relief, and. Economic Security Act enacted March 27, 2020, the U.S. Government allocated $454 billion to Federal Reserve Bank Special Purpose Vehicles that the central bank can leverage 10 to 1, enabling it to lend up to $4.54 trillion to companies. That’s reportedly more than all U.S. commercial and industrial loans outstanding at the end of 2019 plus all the new corporate bonds issued during 2019 combined! Although this expansion of the Fed’s power has been criticized already as a step toward a centrally planned economy, the government action limits the risk of massive corporate bond defaults. The U.S. led the worldwide economic recovery back from the global financial crisis of 2008, in part because of the Fed’s innovative approach, and Yankee ingenuity, in the form of the Fed’s new tools, is at play once again in fighting the Coronavirus financial crisis. Please contact us with any questions or to set up a meeting fulbrightteam@moneyful.com , and don't hesitate to share this video with people who might benefit from our work

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Can You Spot The Hidden Trend? By Fulbright Financial Consulting, PA

Can You Spot The Hidden Trend? Can you spot the hidden trend? A major demographic trend that is driving the U.S. economy and financial markets is right here in front of your eyes, but it’s not so easy to see without a trained eye. If you knew what to look for, you’d see that China, Japan, Germany, and other major economies are grappling with a decline in their working-age population in the decades ahead, while the U.S. working-age population is expected to grow. Since growth in the size of the labor force is one of the two determinants in economic growth, it’s a key fundamental factor that will shape the future of financial markets. With the working age population stalling, Europe’s economic growth is sluggish. To stimulate the economy, Germany’s central bank has pushed lending rates into negative territory, which is unprecedented. Germany is the world’s second largest issuer of government-backed bonds and its action has depressed interest rates on U.S. Treasury Bonds. While the demographic trend is hidden in plain sight, it’s set to shape growth in major economies across the globe for the decades ahead, and it means low interest rate conditions could persist for years. No one can predict the next move in the stock market, but demographics are fairly stable and predictable. This is an important trend. Be sure your strategic investment plan — especially, your portfolio’s allocation to bonds — is in sync with this key fundamental. Please contact us with any questions fulbrightteam@moneyful.com or to set up a meeting, and don't hesitate to share this video with people who might benefit from our work.

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