Lagniappe lagniappe.stokesfamilyoffice.com en Copyright Stokes Family Office Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds! https://megaphone.imgix.net/podcasts/66a86286-7bc1-11ec-8029-dfaab83154ee/image/460c3ef69c4ff2fcb3dfd37b921f9cb7.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress Lagniappe lagniappe.stokesfamilyoffice.com no episodic Stokes Family Office Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds! Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds!

]]> Stokes Family Office stokes@reverbpodcasting.com Has the Market Hit the Bottom? Ceasefire talks are ongoing, the Strait of Hormuz is open, and the market is bouncing back. Doug and Greg will discuss whether the market has hit the bottom. They explore the larger implications of recent events in the Middle East, the impact of social media on investor sentiment, and the resilience of the consumer market. The conversation also touches on the SpaceX IPO and the bullish potential for long-term market growth. Key Takeaways [00:17] - The market has bounced back [06:06] - Economic momentum heading into earnings season [10:45] - Historical context on sell-offs + volatility rates quicken [13:21] - The social media/whiplash effect of today’s market cycles [17:24] - It’s a great time to be in New Orleans View Transcript Links Tax Refund Splurge For Many Americans Is Paying Down Debt Volatility Mean Reverts Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 17 Apr 2026 18:53:00 -0000 full Stokes Family Office Ceasefire talks are ongoing, the Strait of Hormuz is open, and the market is bouncing back. Doug and Greg will discuss whether the market has hit the bottom. They explore the larger implications of recent events in the Middle East, the impact of social media on investor sentiment, and the resilience of the consumer market. The conversation also touches on the SpaceX IPO and the bullish potential for long-term market growth. Key Takeaways [00:17] - The market has bounced back [06:06] - Economic momentum heading into earnings season [10:45] - Historical context on sell-offs + volatility rates quicken [13:21] - The social media/whiplash effect of today’s market cycles [17:24] - It’s a great time to be in New Orleans View Transcript Links Tax Refund Splurge For Many Americans Is Paying Down Debt Volatility Mean Reverts Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Ceasefire talks are ongoing, the Strait of Hormuz is open, and the market is bouncing back. Doug and Greg will discuss whether the market has hit the bottom. They explore the larger implications of recent events in the Middle East, the impact of social media on investor sentiment, and the resilience of the consumer market. The conversation also touches on the SpaceX IPO and the bullish potential for long-term market growth.



Key Takeaways

  • [00:17] - The market has bounced back

  • [06:06] - Economic momentum heading into earnings season

  • [10:45] - Historical context on sell-offs + volatility rates quicken

  • [13:21] - The social media/whiplash effect of today’s market cycles

  • [17:24] - It’s a great time to be in New Orleans


View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1207 Talking Private Credit With Phil Huber of Cliffwater Today, Doug and Greg speak with Phil Huber, the Head of Portfolio Solutions at Cliffwater. In this timely discussion, they’ll touch on the evolution, current state, and future outlook of private credit, including its origins, growth, and how it compares to other asset classes.  Key Takeaways [00:17] - Introduction to private credit and Phil Huber [10:18] - Why has there been so much growth in private credit? [14:13] - Understanding liquidity/redemption and the AI impact [32:10] - Private credit fundamentals & the Cliffwater Direct Lending Index [41:19] - Business development corporations View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 08 Apr 2026 15:00:00 -0000 full Stokes Family Office Today, Doug and Greg speak with Phil Huber, the Head of Portfolio Solutions at Cliffwater. In this timely discussion, they’ll touch on the evolution, current state, and future outlook of private credit, including its origins, growth, and how it compares to other asset classes.  Key Takeaways [00:17] - Introduction to private credit and Phil Huber [10:18] - Why has there been so much growth in private credit? [14:13] - Understanding liquidity/redemption and the AI impact [32:10] - Private credit fundamentals & the Cliffwater Direct Lending Index [41:19] - Business development corporations View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Today, Doug and Greg speak with Phil Huber, the Head of Portfolio Solutions at Cliffwater. In this timely discussion, they’ll touch on the evolution, current state, and future outlook of private credit, including its origins, growth, and how it compares to other asset classes. 



Key Takeaways

  • [00:17] - Introduction to private credit and Phil Huber

  • [10:18] - Why has there been so much growth in private credit?

  • [14:13] - Understanding liquidity/redemption and the AI impact

  • [32:10] - Private credit fundamentals & the Cliffwater Direct Lending Index

  • [41:19] - Business development corporations



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 2855 One 2026 Quarter in the Books Somehow, three months have already come and gone, and what a quarter it was. Doug and Greg give updates on the market’s turbulent reaction to the Iran conflict with a hopeful outlook for Q2. They also touch on getting back to business as usual, discussing the SpaceX IPO, interest rate expectations, and corporate efficiency movements.  Key Takeaways [00:17] - Market turbulence since the Iran conflict began [03:34] - What to expect from the Trump administration [08:51] - Fixed income and rate cut expectations [10:10] - Getting back to business as usual, plus the SpaceX IPO [13:58] - Q2 outlook View Transcript Links Oracle cutting thousands in latest layoff round as company continues to ramp AI spending SpaceX Has Filed Confidentially for IPO Ahead of AI Rivals Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 01 Apr 2026 21:32:00 -0000 full Stokes Family Office Somehow, three months have already come and gone, and what a quarter it was. Doug and Greg give updates on the market’s turbulent reaction to the Iran conflict with a hopeful outlook for Q2. They also touch on getting back to business as usual, discussing the SpaceX IPO, interest rate expectations, and corporate efficiency movements.  Key Takeaways [00:17] - Market turbulence since the Iran conflict began [03:34] - What to expect from the Trump administration [08:51] - Fixed income and rate cut expectations [10:10] - Getting back to business as usual, plus the SpaceX IPO [13:58] - Q2 outlook View Transcript Links Oracle cutting thousands in latest layoff round as company continues to ramp AI spending SpaceX Has Filed Confidentially for IPO Ahead of AI Rivals Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Somehow, three months have already come and gone, and what a quarter it was. Doug and Greg give updates on the market’s turbulent reaction to the Iran conflict with a hopeful outlook for Q2. They also touch on getting back to business as usual, discussing the SpaceX IPO, interest rate expectations, and corporate efficiency movements. 



Key Takeaways

  • [00:17] - Market turbulence since the Iran conflict began

  • [03:34] - What to expect from the Trump administration

  • [08:51] - Fixed income and rate cut expectations

  • [10:10] - Getting back to business as usual, plus the SpaceX IPO

  • [13:58] - Q2 outlook


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1172 Investing in Times of Uncertainty This week, Greg and Doug Stokes discuss how the market is reacting to nearly a month of the Iran conflict and the potential for an impending diplomatic solution. They also analyze timing the stock market’s worst and best days, gold’s safe-haven status, the long-term inflation outlook, and investment strategies for navigating volatility. Key Takeaways [00:17] - US-Iran negotiation and diplomatic signs [03:27] - Thoughts on the best/worst market days debate [10:31] - The asset class that’s been surprisingly down the past month [16:29] - Long-term inflation outlook View Transcript Links You Can Beat the Stock Market by Avoiding Its Worst Days. But You Won’t. The Golden Paradox Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 26 Mar 2026 20:08:00 -0000 full Stokes Family Office This week, Greg and Doug Stokes discuss how the market is reacting to nearly a month of the Iran conflict and the potential for an impending diplomatic solution. They also analyze timing the stock market’s worst and best days, gold’s safe-haven status, the long-term inflation outlook, and investment strategies for navigating volatility. Key Takeaways [00:17] - US-Iran negotiation and diplomatic signs [03:27] - Thoughts on the best/worst market days debate [10:31] - The asset class that’s been surprisingly down the past month [16:29] - Long-term inflation outlook View Transcript Links You Can Beat the Stock Market by Avoiding Its Worst Days. But You Won’t. The Golden Paradox Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, Greg and Doug Stokes discuss how the market is reacting to nearly a month of the Iran conflict and the potential for an impending diplomatic solution. They also analyze timing the stock market’s worst and best days, gold’s safe-haven status, the long-term inflation outlook, and investment strategies for navigating volatility.


Key Takeaways

  • [00:17] - US-Iran negotiation and diplomatic signs

  • [03:27] - Thoughts on the best/worst market days debate

  • [10:31] - The asset class that’s been surprisingly down the past month

  • [16:29] - Long-term inflation outlook


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1236 Why Volatility Cycles Happen So Much Faster Today Greg and Doug Stokes analyze the recent escalation in the Middle East, the impact on global markets, how oil could affect inflation, and what lessons we’ve learned so far. They also dig into the role that finance media and social media play in promoting fear when the market is barely off all-time highs.   Key Takeaways [00:17] - An update on the Iran conflict [05:32] - Normal volatility and the media’s yearning for a blow-up [08:28] - Why the market is the ultimate BS detector [13:43] - What we’ve learned so far in Iran [18:09] - Inflation dynamics influenced by oil prices  View Transcript Links CNN Fear & Greed Index Truflation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 19 Mar 2026 22:54:00 -0000 full Stokes Family Office Greg and Doug Stokes analyze the recent escalation in the Middle East, the impact on global markets, how oil could affect inflation, and what lessons we’ve learned so far. They also dig into the role that finance media and social media play in promoting fear when the market is barely off all-time highs.   Key Takeaways [00:17] - An update on the Iran conflict [05:32] - Normal volatility and the media’s yearning for a blow-up [08:28] - Why the market is the ultimate BS detector [13:43] - What we’ve learned so far in Iran [18:09] - Inflation dynamics influenced by oil prices  View Transcript Links CNN Fear & Greed Index Truflation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes analyze the recent escalation in the Middle East, the impact on global markets, how oil could affect inflation, and what lessons we’ve learned so far. They also dig into the role that finance media and social media play in promoting fear when the market is barely off all-time highs.  



Key Takeaways

  • [00:17] - An update on the Iran conflict

  • [05:32] - Normal volatility and the media’s yearning for a blow-up

  • [08:28] - Why the market is the ultimate BS detector

  • [13:43] - What we’ve learned so far in Iran

  • [18:09] - Inflation dynamics influenced by oil prices 


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1427 Oil Change: Markets React to the Iran Conflict After ten days of conflict involving Iran and the broader Middle East, the Stokes brothers break down the impact on global oil markets, where prices surged and then retreated during a volatile week. They also explore the political ramifications abroad and at home, along with how the unfolding events may influence consumer sentiment and economic outlook. Key Takeaways [00:17] - The oil effect of the military operation in Iran [06:33] - Regime changes and what happens next [10:04] - Political ramifications, consumer sentiment, and upcoming midterms View Transcript Links Is Iran on the Brink of Another Revolution? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Tue, 10 Mar 2026 20:22:00 -0000 full Stokes Family Office After ten days of conflict involving Iran and the broader Middle East, the Stokes brothers break down the impact on global oil markets, where prices surged and then retreated during a volatile week. They also explore the political ramifications abroad and at home, along with how the unfolding events may influence consumer sentiment and economic outlook. Key Takeaways [00:17] - The oil effect of the military operation in Iran [06:33] - Regime changes and what happens next [10:04] - Political ramifications, consumer sentiment, and upcoming midterms View Transcript Links Is Iran on the Brink of Another Revolution? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. After ten days of conflict involving Iran and the broader Middle East, the Stokes brothers break down the impact on global oil markets, where prices surged and then retreated during a volatile week. They also explore the political ramifications abroad and at home, along with how the unfolding events may influence consumer sentiment and economic outlook.


Key Takeaways

  • [00:17] - The oil effect of the military operation in Iran

  • [06:33] - Regime changes and what happens next

  • [10:04] - Political ramifications, consumer sentiment, and upcoming midterms


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1392 The Market and Geopolitical Impact of the Iran Conflict Greg and Doug analyze the recent escalation in Iran-US-Israel tensions, discussing modern military actions, market reactions, and future implications. They also break down how geopolitical shocks affect asset classes and the potential long-term outcomes of this conflict. Key Takeaways [00:17] - Reactions to the military operations in Iran [05:30] - Breaking down asset class performance [10:16] - Oil prices, the Strait of Hormuz, and long-term supply chain/inflation risks [17:41 -  Modern military tactics and what comes next View Transcript Links Military Conflicts Mostly Haven't Held Up Long-Term Stock Growth Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 05 Mar 2026 22:35:00 -0000 full Stokes Family Office Greg and Doug analyze the recent escalation in Iran-US-Israel tensions, discussing modern military actions, market reactions, and future implications. They also break down how geopolitical shocks affect asset classes and the potential long-term outcomes of this conflict. Key Takeaways [00:17] - Reactions to the military operations in Iran [05:30] - Breaking down asset class performance [10:16] - Oil prices, the Strait of Hormuz, and long-term supply chain/inflation risks [17:41 -  Modern military tactics and what comes next View Transcript Links Military Conflicts Mostly Haven't Held Up Long-Term Stock Growth Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug analyze the recent escalation in Iran-US-Israel tensions, discussing modern military actions, market reactions, and future implications. They also break down how geopolitical shocks affect asset classes and the potential long-term outcomes of this conflict.


Key Takeaways

  • [00:17] - Reactions to the military operations in Iran

  • [05:30] - Breaking down asset class performance

  • [10:16] - Oil prices, the Strait of Hormuz, and long-term supply chain/inflation risks

  • [17:41 -  Modern military tactics and what comes next


View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1474 Combating Charlatans With Diversification After an AI doomsday report shook Wall Street, Doug and Greg Stokes break down how they see the future of work and AI playing out and why a diversified portfolio is the measured response to charlatan predictions. They also examine private credit trends and the real estate market as mortgage rates continue to fall, as well as the potential of corresponding headwinds to disinflation.  Key Takeaways [00:17] - Tariff ruling + an AI doomsday report [06:13] - Private credit sector concerns amidst market volatility [08:38] - Combating charlatan predictions with a diversified portfolio [15:22] - Mortgage rates are following interest rates [20:05] - Headwinds to disinflation are coming View Transcript Links Viral Doomsday Report Lays Bare Wall Street’s Deep Anxiety About AI Future Robert Kiyosaki: The Boy Who Cried Crash Once America’s Most Affordable Rental City, Austin Is About to Get More Expensive Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 26 Feb 2026 18:57:00 -0000 full Stokes Family Office After an AI doomsday report shook Wall Street, Doug and Greg Stokes break down how they see the future of work and AI playing out and why a diversified portfolio is the measured response to charlatan predictions. They also examine private credit trends and the real estate market as mortgage rates continue to fall, as well as the potential of corresponding headwinds to disinflation.  Key Takeaways [00:17] - Tariff ruling + an AI doomsday report [06:13] - Private credit sector concerns amidst market volatility [08:38] - Combating charlatan predictions with a diversified portfolio [15:22] - Mortgage rates are following interest rates [20:05] - Headwinds to disinflation are coming View Transcript Links Viral Doomsday Report Lays Bare Wall Street’s Deep Anxiety About AI Future Robert Kiyosaki: The Boy Who Cried Crash Once America’s Most Affordable Rental City, Austin Is About to Get More Expensive Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. After an AI doomsday report shook Wall Street, Doug and Greg Stokes break down how they see the future of work and AI playing out and why a diversified portfolio is the measured response to charlatan predictions. They also examine private credit trends and the real estate market as mortgage rates continue to fall, as well as the potential of corresponding headwinds to disinflation. 


Key Takeaways

  • [00:17] - Tariff ruling + an AI doomsday report

  • [06:13] - Private credit sector concerns amidst market volatility

  • [08:38] - Combating charlatan predictions with a diversified portfolio

  • [15:22] - Mortgage rates are following interest rates

  • [20:05] - Headwinds to disinflation are coming


View Transcript



Links


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1585 Making Moves: Rent, Real Estate, & Rate Cuts On Muses Thursday in New Orleans, Doug and Greg Stokes look at declining rental prices and forward-looking real estate value, and make predictions for what this data means for rate cuts. The guys also discuss human behavior with prediction markets, the current and future outlook for cryptocurrency, and the contrasting performance of old-world versus new-world companies. Key Takeaways [00:17] - Rent rates are down for the 32nd consecutive month [05:05] - Forward-looking value in real estate [09:00] - Prediction markets and human nature [13:01] - What’s going on with crypto/Bitcoin [18:46] - Old vs New World market dynamics  View Transcript Links US rents down 1.4% over the last year, the 32nd consecutive month with a YoY decline. Israeli Soldiers Accused of Using Polymarket to Bet on Strikes Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 12 Feb 2026 21:33:00 -0000 full Stokes Family Office On Muses Thursday in New Orleans, Doug and Greg Stokes look at declining rental prices and forward-looking real estate value, and make predictions for what this data means for rate cuts. The guys also discuss human behavior with prediction markets, the current and future outlook for cryptocurrency, and the contrasting performance of old-world versus new-world companies. Key Takeaways [00:17] - Rent rates are down for the 32nd consecutive month [05:05] - Forward-looking value in real estate [09:00] - Prediction markets and human nature [13:01] - What’s going on with crypto/Bitcoin [18:46] - Old vs New World market dynamics  View Transcript Links US rents down 1.4% over the last year, the 32nd consecutive month with a YoY decline. Israeli Soldiers Accused of Using Polymarket to Bet on Strikes Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. On Muses Thursday in New Orleans, Doug and Greg Stokes look at declining rental prices and forward-looking real estate value, and make predictions for what this data means for rate cuts. The guys also discuss human behavior with prediction markets, the current and future outlook for cryptocurrency, and the contrasting performance of old-world versus new-world companies.


Key Takeaways

  • [00:17] - Rent rates are down for the 32nd consecutive month

  • [05:05] - Forward-looking value in real estate

  • [09:00] - Prediction markets and human nature

  • [13:01] - What’s going on with crypto/Bitcoin

  • [18:46] - Old vs New World market dynamics 


View Transcript


Links


Connect with our hosts


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1549 Market Volatility & the AI Narrative This week, we’re celebrating Family Gras weekend in New Orleans and our 200th episode! Doug and Greg delve into the recent volatility in the stock market, particularly concerning technology companies, and how AI efficiency is benefiting old-school industries.  Key Takeaways [00:17] - Kicking off Family Gras weekend in New Orleans [01:25] - Market volatility and a sentiment shift  [05:09] - How AI efficiency benefits old-school businesses [09:05] - The narrative around AI-related companies [13:50] - Monitoring the potential for military movement in Iran View Transcript Links Zaccardi: OBBBA effectively juiced what was already a capex bubble Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 06 Feb 2026 21:06:00 -0000 full Stokes Family Office This week, we’re celebrating Family Gras weekend in New Orleans and our 200th episode! Doug and Greg delve into the recent volatility in the stock market, particularly concerning technology companies, and how AI efficiency is benefiting old-school industries.  Key Takeaways [00:17] - Kicking off Family Gras weekend in New Orleans [01:25] - Market volatility and a sentiment shift  [05:09] - How AI efficiency benefits old-school businesses [09:05] - The narrative around AI-related companies [13:50] - Monitoring the potential for military movement in Iran View Transcript Links Zaccardi: OBBBA effectively juiced what was already a capex bubble Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we’re celebrating Family Gras weekend in New Orleans and our 200th episode! Doug and Greg delve into the recent volatility in the stock market, particularly concerning technology companies, and how AI efficiency is benefiting old-school industries. 


Key Takeaways

  • [00:17] - Kicking off Family Gras weekend in New Orleans

  • [01:25] - Market volatility and a sentiment shift 

  • [05:09] - How AI efficiency benefits old-school businesses

  • [09:05] - The narrative around AI-related companies

  • [13:50] - Monitoring the potential for military movement in Iran


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1144 What’s Bubbling Under the Surface? This week, Doug and Greg Stokes look at the year-over-year shift in market dynamics, from large-cap US stocks to commodities and consumer staples. They also discuss earnings news, particularly involving Microsoft, Meta, and AI spend. And as international stocks and emerging markets have success, they continue to beat the drum for long-term diversification.  Key Takeaways [00:17] - Asset class shifts from 2025 to 2026 [04:13] - Predicting if/when the Fed cuts rates [08:03] - What do parabolic commodity prices mean? [09:09] - Big earnings season news from Microsoft and Meta [13:00] - The effect of regulation on Financials [16:26] - International and emerging markets View Transcript Links This Is Not What a Healthy Bull Market Looks Like Microsoft shares dive as data center spending overshadows earnings surge Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 29 Jan 2026 19:48:00 -0000 full Stokes Family Office This week, Doug and Greg Stokes look at the year-over-year shift in market dynamics, from large-cap US stocks to commodities and consumer staples. They also discuss earnings news, particularly involving Microsoft, Meta, and AI spend. And as international stocks and emerging markets have success, they continue to beat the drum for long-term diversification.  Key Takeaways [00:17] - Asset class shifts from 2025 to 2026 [04:13] - Predicting if/when the Fed cuts rates [08:03] - What do parabolic commodity prices mean? [09:09] - Big earnings season news from Microsoft and Meta [13:00] - The effect of regulation on Financials [16:26] - International and emerging markets View Transcript Links This Is Not What a Healthy Bull Market Looks Like Microsoft shares dive as data center spending overshadows earnings surge Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, Doug and Greg Stokes look at the year-over-year shift in market dynamics, from large-cap US stocks to commodities and consumer staples. They also discuss earnings news, particularly involving Microsoft, Meta, and AI spend. And as international stocks and emerging markets have success, they continue to beat the drum for long-term diversification. 


Key Takeaways

  • [00:17] - Asset class shifts from 2025 to 2026

  • [04:13] - Predicting if/when the Fed cuts rates

  • [08:03] - What do parabolic commodity prices mean?

  • [09:09] - Big earnings season news from Microsoft and Meta

  • [13:00] - The effect of regulation on Financials

  • [16:26] - International and emerging markets


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1179 Greenland, Small-Caps, and the Fed Future Greg and Doug Stokes discuss the most recent news surrounding Greenland, tariffs, and whether or not it’s all a smoke screen for acquiring rare earths. They also delve into the rise of Chinese automotive companies, the performance of small caps, the dynamics of interest rates and inflation, and the Federal Reserve's future and its impact on the economy. Key Takeaways [00:17] - Greenland’s rare earths and ongoing geopolitical tensions [08:27] - The rise of the Chinese automotive industry [10:40] - Small caps are on the rise in U.S. markets [13:10] - Interest rates follow the path of inflation and GDP [17:09] - Updates on the Fed’s present and future moves  View Transcript Links The Arctic Smokescreen Chinese EVs Blow Past Tesla and Tariffs En Route to Global Reign Small-Caps Turn a Corner Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 22 Jan 2026 16:22:00 -0000 full Stokes Family Office Greg and Doug Stokes discuss the most recent news surrounding Greenland, tariffs, and whether or not it’s all a smoke screen for acquiring rare earths. They also delve into the rise of Chinese automotive companies, the performance of small caps, the dynamics of interest rates and inflation, and the Federal Reserve's future and its impact on the economy. Key Takeaways [00:17] - Greenland’s rare earths and ongoing geopolitical tensions [08:27] - The rise of the Chinese automotive industry [10:40] - Small caps are on the rise in U.S. markets [13:10] - Interest rates follow the path of inflation and GDP [17:09] - Updates on the Fed’s present and future moves  View Transcript Links The Arctic Smokescreen Chinese EVs Blow Past Tesla and Tariffs En Route to Global Reign Small-Caps Turn a Corner Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes discuss the most recent news surrounding Greenland, tariffs, and whether or not it’s all a smoke screen for acquiring rare earths. They also delve into the rise of Chinese automotive companies, the performance of small caps, the dynamics of interest rates and inflation, and the Federal Reserve's future and its impact on the economy.


Key Takeaways

  • [00:17] - Greenland’s rare earths and ongoing geopolitical tensions

  • [08:27] - The rise of the Chinese automotive industry

  • [10:40] - Small caps are on the rise in U.S. markets

  • [13:10] - Interest rates follow the path of inflation and GDP

  • [17:09] - Updates on the Fed’s present and future moves 


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1265 Military Engagements & Market Reactions We’re kicking off Mardi Gras season here in New Orleans with another episode of the Lagniappe Podcast. Doug and Greg discuss the impact of recent geopolitical events on the markets and the potential for military engagement with Iran. They also explore the implications of Federal Reserve independence on market dynamics and explain why this isn’t an AI bubble, and end with a bearish outlook on American markets and investment opportunities. Key Takeaways [00:17] - Mardi Gras season is here in New Orleans [01:14] - Geopolitical tensions and activity [05:11] - Impending military engagement with Iran? [09:32] - Political gamesmanship of the Fed’s independence [18:21] - This isn’t a bubble View Transcript Links Polymarket Iran predictions What to know about the DOJ's criminal probe into Fed Chair Powell Detrick: No, this Isn’t a bubble Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 14 Jan 2026 19:43:00 -0000 full Stokes Family Office + Federal Reserve Independence, AI Bubble Talk, & More We’re kicking off Mardi Gras season here in New Orleans with another episode of the Lagniappe Podcast. Doug and Greg discuss the impact of recent geopolitical events on the markets and the potential for military engagement with Iran. They also explore the implications of Federal Reserve independence on market dynamics and explain why this isn’t an AI bubble, and end with a bearish outlook on American markets and investment opportunities. Key Takeaways [00:17] - Mardi Gras season is here in New Orleans [01:14] - Geopolitical tensions and activity [05:11] - Impending military engagement with Iran? [09:32] - Political gamesmanship of the Fed’s independence [18:21] - This isn’t a bubble View Transcript Links Polymarket Iran predictions What to know about the DOJ's criminal probe into Fed Chair Powell Detrick: No, this Isn’t a bubble Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We’re kicking off Mardi Gras season here in New Orleans with another episode of the Lagniappe Podcast. Doug and Greg discuss the impact of recent geopolitical events on the markets and the potential for military engagement with Iran. They also explore the implications of Federal Reserve independence on market dynamics and explain why this isn’t an AI bubble, and end with a bearish outlook on American markets and investment opportunities.


Key Takeaways

  • [00:17] - Mardi Gras season is here in New Orleans

  • [01:14] - Geopolitical tensions and activity

  • [05:11] - Impending military engagement with Iran?

  • [09:32] - Political gamesmanship of the Fed’s independence

  • [18:21] - This isn’t a bubble


View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1354 The Geopolitical & Economic Effects of the Maduro Extraction It’s the first episode of the Lagniappe Podcast in 2026, kicking off year 5 of our weekly conversations. This week, Greg and Doug break down the military extraction of Nicolás Maduro from Venezuela, analyzing the operation’s implications on the economy, U.S. foreign policy, and the wider geopolitical landscape. They then turn their attention to what they expect to be coming down the market pike in 2026. Key Takeaways [00:16] - Celebrating 4 years of the Lagniappe Podcast [01:50] - Recapping the Maduro extraction [06:46] - Economic effects of the military confrontation in Venezuela [14:25] - Is there another move on the horizon for the U.S.? [19:36] - 2026 market outlook View Transcript Links Torsten Slok, Apollo Chief Economist - Daily Spark Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Tue, 06 Jan 2026 18:39:00 -0000 full Stokes Family Office Plus a 2026 Market Outlook It’s the first episode of the Lagniappe Podcast in 2026, kicking off year 5 of our weekly conversations. This week, Greg and Doug break down the military extraction of Nicolás Maduro from Venezuela, analyzing the operation’s implications on the economy, U.S. foreign policy, and the wider geopolitical landscape. They then turn their attention to what they expect to be coming down the market pike in 2026. Key Takeaways [00:16] - Celebrating 4 years of the Lagniappe Podcast [01:50] - Recapping the Maduro extraction [06:46] - Economic effects of the military confrontation in Venezuela [14:25] - Is there another move on the horizon for the U.S.? [19:36] - 2026 market outlook View Transcript Links Torsten Slok, Apollo Chief Economist - Daily Spark Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. It’s the first episode of the Lagniappe Podcast in 2026, kicking off year 5 of our weekly conversations. This week, Greg and Doug break down the military extraction of Nicolás Maduro from Venezuela, analyzing the operation’s implications on the economy, U.S. foreign policy, and the wider geopolitical landscape. They then turn their attention to what they expect to be coming down the market pike in 2026.


Key Takeaways

  • [00:16] - Celebrating 4 years of the Lagniappe Podcast

  • [01:50] - Recapping the Maduro extraction

  • [06:46] - Economic effects of the military confrontation in Venezuela

  • [14:25] - Is there another move on the horizon for the U.S.?

  • [19:36] - 2026 market outlook


View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1551 A Holiday Season Review of 2025 In this Holiday edition of the Lagnaippe Podcast, Greg and Doug Stokes discuss the biggest economic trends of 2025, including the rally in precious metals, the volatility of Bitcoin, and the resilience of the US economy/consumer. They explore the impact of AI on inflation and productivity, normal market behavior, excitement for the bond market, the importance of keeping an even keel, and what’s coming next.  Key Takeaways [00:16] - The biggest surprises/trends of 2025 [03:33] - The resilience of the US economy and consumer [13:17] - AI's impact on jobs, inflation, and productivity [17:22] - Excitement for the bond market [18:09] - Normal market behavior and staying calm/diversified View Transcript Links Bitcoin Miners Thrive Off a New Side Hustle: Retooling Their Data Centers for AI All In Pod: Scott Bessent on Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 24 Dec 2025 18:40:00 -0000 full Stokes Family Office In this Holiday edition of the Lagnaippe Podcast, Greg and Doug Stokes discuss the biggest economic trends of 2025, including the rally in precious metals, the volatility of Bitcoin, and the resilience of the US economy/consumer. They explore the impact of AI on inflation and productivity, normal market behavior, excitement for the bond market, the importance of keeping an even keel, and what’s coming next.  Key Takeaways [00:16] - The biggest surprises/trends of 2025 [03:33] - The resilience of the US economy and consumer [13:17] - AI's impact on jobs, inflation, and productivity [17:22] - Excitement for the bond market [18:09] - Normal market behavior and staying calm/diversified View Transcript Links Bitcoin Miners Thrive Off a New Side Hustle: Retooling Their Data Centers for AI All In Pod: Scott Bessent on Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. In this Holiday edition of the Lagnaippe Podcast, Greg and Doug Stokes discuss the biggest economic trends of 2025, including the rally in precious metals, the volatility of Bitcoin, and the resilience of the US economy/consumer. They explore the impact of AI on inflation and productivity, normal market behavior, excitement for the bond market, the importance of keeping an even keel, and what’s coming next. 


Key Takeaways

  • [00:16] - The biggest surprises/trends of 2025

  • [03:33] - The resilience of the US economy and consumer

  • [13:17] - AI's impact on jobs, inflation, and productivity

  • [17:22] - Excitement for the bond market

  • [18:09] - Normal market behavior and staying calm/diversified


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1453 What History Tells Us About Bubbles Bursting As we approach the end of 2025, Greg and Doug reflect on recent market volatility, particularly in the AI sector. They also discuss predictions from last year and the upcoming year, including trends in electric vehicles and potential geopolitical conflicts, and break down the economic environment that usually accompanies the bursting of bubbles.  Key Takeaways [00:17] - An AI reset [03:33] - Ford switches gears on all-electric trucks [06:58] - Earnings, interest rates, oil, and other 2026 predictions [15:52] - What history tells us about bubbles bursting View Transcript Links Ford to record $19.5 billion in special charges as it pulls back on EV plans Zaccardi: Analysts expect 14% SPX EPS growth next year, 19% for the Nasdaq 100 BofA: Major asset bubbles in global equities in the last ~180 years have all seen financial conditions tighten before the end Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 19 Dec 2025 20:05:00 -0000 full Stokes Family Office As we approach the end of 2025, Greg and Doug reflect on recent market volatility, particularly in the AI sector. They also discuss predictions from last year and the upcoming year, including trends in electric vehicles and potential geopolitical conflicts, and break down the economic environment that usually accompanies the bursting of bubbles.  Key Takeaways [00:17] - An AI reset [03:33] - Ford switches gears on all-electric trucks [06:58] - Earnings, interest rates, oil, and other 2026 predictions [15:52] - What history tells us about bubbles bursting View Transcript Links Ford to record $19.5 billion in special charges as it pulls back on EV plans Zaccardi: Analysts expect 14% SPX EPS growth next year, 19% for the Nasdaq 100 BofA: Major asset bubbles in global equities in the last ~180 years have all seen financial conditions tighten before the end Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. As we approach the end of 2025, Greg and Doug reflect on recent market volatility, particularly in the AI sector. They also discuss predictions from last year and the upcoming year, including trends in electric vehicles and potential geopolitical conflicts, and break down the economic environment that usually accompanies the bursting of bubbles. 


Key Takeaways

  • [00:17] - An AI reset

  • [03:33] - Ford switches gears on all-electric trucks

  • [06:58] - Earnings, interest rates, oil, and other 2026 predictions

  • [15:52] - What history tells us about bubbles bursting


View Transcript


Links

Connect with our hosts


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.


]]> 1136 SpaceX, Fed Moves, & Private Equity Entering College Sports It’s been a busy week in the markets. Doug & Greg jump in with the big news of SpaceX’s potential IPO in 2026 and what that could mean for next year’s blow-off top. They also discuss the Federal Reserve's recent rate cut, which came with rare dissenters, and how politics is playing a part. They finish with the implications of private equity on college sports’ ever-changing NIL landscape. Key Takeaways [00:16] - The IPO wave may be here with SpaceX announcement [07:47] - Talking Fed: rate cut, dissenters, and chair/board jockeying  [13:00] - Utah is the first college to accept private equity capital View Transcript Links Musk Signals Reports Of SpaceX Planning An IPO Next Year Are ‘Accurate’ Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 11 Dec 2025 19:34:00 -0000 full Stokes Family Office It’s been a busy week in the markets. Doug & Greg jump in with the big news of SpaceX’s potential IPO in 2026 and what that could mean for next year’s blow-off top. They also discuss the Federal Reserve's recent rate cut, which came with rare dissenters, and how politics is playing a part. They finish with the implications of private equity on college sports’ ever-changing NIL landscape. Key Takeaways [00:16] - The IPO wave may be here with SpaceX announcement [07:47] - Talking Fed: rate cut, dissenters, and chair/board jockeying  [13:00] - Utah is the first college to accept private equity capital View Transcript Links Musk Signals Reports Of SpaceX Planning An IPO Next Year Are ‘Accurate’ Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. It’s been a busy week in the markets. Doug & Greg jump in with the big news of SpaceX’s potential IPO in 2026 and what that could mean for next year’s blow-off top. They also discuss the Federal Reserve's recent rate cut, which came with rare dissenters, and how politics is playing a part. They finish with the implications of private equity on college sports’ ever-changing NIL landscape.


Key Takeaways

  • [00:16] - The IPO wave may be here with SpaceX announcement

  • [07:47] - Talking Fed: rate cut, dissenters, and chair/board jockeying 

  • [13:00] - Utah is the first college to accept private equity capital


View Transcript



Links


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Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1244 AI Bubble Predictions & Latin American Influence Doug and Greg are back after a Holiday break. They continue the weekly AI conversation with 2026 predictions, potential IPOs, and Google’s rising market strength. They also discuss recent geopolitical events in Venezuela and the strategic U.S. interests in the region, amidst rising tensions with China. Key Takeaways [00:16] - Our predictions on the AI bubble in 2026 [06:08] - Google's resurgence in the AI space [11:00] - Oil, narcotics, and China/US influence in Latin America View Transcript Links Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT Welcome to America! Captured Drug Lords Choose: Snitch or Suffer Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 04 Dec 2025 19:29:00 -0000 full Stokes Family Office Doug and Greg are back after a Holiday break. They continue the weekly AI conversation with 2026 predictions, potential IPOs, and Google’s rising market strength. They also discuss recent geopolitical events in Venezuela and the strategic U.S. interests in the region, amidst rising tensions with China. Key Takeaways [00:16] - Our predictions on the AI bubble in 2026 [06:08] - Google's resurgence in the AI space [11:00] - Oil, narcotics, and China/US influence in Latin America View Transcript Links Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT Welcome to America! Captured Drug Lords Choose: Snitch or Suffer Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Doug and Greg are back after a Holiday break. They continue the weekly AI conversation with 2026 predictions, potential IPOs, and Google’s rising market strength. They also discuss recent geopolitical events in Venezuela and the strategic U.S. interests in the region, amidst rising tensions with China.


Key Takeaways

  • [00:16] - Our predictions on the AI bubble in 2026

  • [06:08] - Google's resurgence in the AI space

  • [11:00] - Oil, narcotics, and China/US influence in Latin America


View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1408 Technology is a Deflationary Force In this week-before-Thanksgiving episode, Doug and Greg Stokes guess what we’ll be discussing around the dinner table next week. They combat the negativity/bubble talk and break down why we’re not in a euphoric period. They also examine historical data on normal, small market corrections, the life and cost-saving data on autonomous driving, and the productivity gains/cost reduction that will come from this tech revolution. Key Takeaways [00:16] - Small market corrections are normal [07:52] - The rise of autonomous driving is going to change the world [11:20] - Inflation talk is back, but technology is deflationary View Transcript Links Fear and Greed Index The probability of default for AAA-rated to CCC/C rated Tesla FSD: 6.4B miles, only ~2 reported fatalities Bill McBride - The Future is So Bright Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 20 Nov 2025 17:17:00 -0000 full 1 191 Stokes Family Office + what Americans will be talking about over Thanksgiving dinner In this week-before-Thanksgiving episode, Doug and Greg Stokes guess what we’ll be discussing around the dinner table next week. They combat the negativity/bubble talk and break down why we’re not in a euphoric period. They also examine historical data on normal, small market corrections, the life and cost-saving data on autonomous driving, and the productivity gains/cost reduction that will come from this tech revolution. Key Takeaways [00:16] - Small market corrections are normal [07:52] - The rise of autonomous driving is going to change the world [11:20] - Inflation talk is back, but technology is deflationary View Transcript Links Fear and Greed Index The probability of default for AAA-rated to CCC/C rated Tesla FSD: 6.4B miles, only ~2 reported fatalities Bill McBride - The Future is So Bright Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. In this week-before-Thanksgiving episode, Doug and Greg Stokes guess what we’ll be discussing around the dinner table next week. They combat the negativity/bubble talk and break down why we’re not in a euphoric period. They also examine historical data on normal, small market corrections, the life and cost-saving data on autonomous driving, and the productivity gains/cost reduction that will come from this tech revolution.


Key Takeaways

  • [00:16] - Small market corrections are normal

  • [07:52] - The rise of autonomous driving is going to change the world

  • [11:20] - Inflation talk is back, but technology is deflationary


View Transcript


Links

Connect with our hosts

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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.


]]> 1196 The Shutdown Ends, The Markets React Greg and Doug Stokes discuss the recent end of the government shutdown and the market rally that followed. They also check in on the narrative that the Magnificent 7 is carrying the market, the need to cut real estate red tape, and a financial reality check for AI. They finish by diving into the concept of 'inflection bubbles' and how speculative investments can coordinate future growth. Key Takeaways [00:16] - The government shutdown resolution [04:03] - Is the market still driven by the Mag 7? [06:46] - The need for cutting real estate red tape  [13:11] - AI’s financial reality check [16:09] - Speculative bubbles can create lasting infrastructure View Transcript Links Carolson: 4 of the Mag 7 are now up less than 10% on the year Linburg: building new apartments - even "luxury" - reduces rents down the spectrum. JPMorgan warns AI boom needs $650 billion a year, just for 10% return Thompson: The benefits of bubbles Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 13 Nov 2025 18:50:00 -0000 full 1 190 Stokes Family Office + AI Investment Return & Inflection Bubbles Greg and Doug Stokes discuss the recent end of the government shutdown and the market rally that followed. They also check in on the narrative that the Magnificent 7 is carrying the market, the need to cut real estate red tape, and a financial reality check for AI. They finish by diving into the concept of 'inflection bubbles' and how speculative investments can coordinate future growth. Key Takeaways [00:16] - The government shutdown resolution [04:03] - Is the market still driven by the Mag 7? [06:46] - The need for cutting real estate red tape  [13:11] - AI’s financial reality check [16:09] - Speculative bubbles can create lasting infrastructure View Transcript Links Carolson: 4 of the Mag 7 are now up less than 10% on the year Linburg: building new apartments - even "luxury" - reduces rents down the spectrum. JPMorgan warns AI boom needs $650 billion a year, just for 10% return Thompson: The benefits of bubbles Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes discuss the recent end of the government shutdown and the market rally that followed. They also check in on the narrative that the Magnificent 7 is carrying the market, the need to cut real estate red tape, and a financial reality check for AI. They finish by diving into the concept of 'inflection bubbles' and how speculative investments can coordinate future growth.



Key Takeaways

  • [00:16] - The government shutdown resolution

  • [04:03] - Is the market still driven by the Mag 7?

  • [06:46] - The need for cutting real estate red tape 

  • [13:11] - AI’s financial reality check

  • [16:09] - Speculative bubbles can create lasting infrastructure


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1333 Don’t Just Do Something, Stand There After lamenting the struggles of our local sports teams, Doug and Greg delve into the New York City mayoral results and the economic implications. The conversation shifts to economic updates, including jobs, inflation, interest rates, and housing. The guys finish by looking at what history tells us about bear markets, recessions, and long-term strategies.  Key Takeaways [01:45] - The economic themes from Zohran Mamdani’s win in the NYC mayoral race [11:45] - Jobs, inflation, and housing [14:44] - Checking in on the long-term bond market [16:33] - Not finding any indicators of a looming recession View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 05 Nov 2025 21:22:00 -0000 full Stokes Family Office After lamenting the struggles of our local sports teams, Doug and Greg delve into the New York City mayoral results and the economic implications. The conversation shifts to economic updates, including jobs, inflation, interest rates, and housing. The guys finish by looking at what history tells us about bear markets, recessions, and long-term strategies.  Key Takeaways [01:45] - The economic themes from Zohran Mamdani’s win in the NYC mayoral race [11:45] - Jobs, inflation, and housing [14:44] - Checking in on the long-term bond market [16:33] - Not finding any indicators of a looming recession View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. After lamenting the struggles of our local sports teams, Doug and Greg delve into the New York City mayoral results and the economic implications. The conversation shifts to economic updates, including jobs, inflation, interest rates, and housing. The guys finish by looking at what history tells us about bear markets, recessions, and long-term strategies. 


Key Takeaways

  • [01:45] - The economic themes from Zohran Mamdani’s win in the NYC mayoral race

  • [11:45] - Jobs, inflation, and housing

  • [14:44] - Checking in on the long-term bond market

  • [16:33] - Not finding any indicators of a looming recession


View Transcript



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1461 Ghosts in the Machine: Markets, AI, and the Future of Work In this Halloween week edition of Lagniappe, Greg and Doug discuss market momentum following the Fed’s latest rate cut, a thaw in U.S.–China trade tensions, and standout corporate earnings. They explore how AI-driven productivity is reshaping the labor market, from tech layoffs to rising demand for skilled trades, and close with reflections on political undercurrents and industry innovation cycles. Key Takeaways [00:17] - Rate cuts and market growth [04:41] - Productivity gains and labor market shifts due to AI advancements. [08:39] - How economic disparities fuel political changes [12:01] - The K-shaped economy and corporate earnings [14:40] - The innovator’s dilemma for large companies View Transcript Links K-Shaped Economy Also for Corporates Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 31 Oct 2025 20:18:00 -0000 full 1 188 Stokes Family Office In this Halloween week edition of Lagniappe, Greg and Doug discuss market momentum following the Fed’s latest rate cut, a thaw in U.S.–China trade tensions, and standout corporate earnings. They explore how AI-driven productivity is reshaping the labor market, from tech layoffs to rising demand for skilled trades, and close with reflections on political undercurrents and industry innovation cycles. Key Takeaways [00:17] - Rate cuts and market growth [04:41] - Productivity gains and labor market shifts due to AI advancements. [08:39] - How economic disparities fuel political changes [12:01] - The K-shaped economy and corporate earnings [14:40] - The innovator’s dilemma for large companies View Transcript Links K-Shaped Economy Also for Corporates Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. In this Halloween week edition of Lagniappe, Greg and Doug discuss market momentum following the Fed’s latest rate cut, a thaw in U.S.–China trade tensions, and standout corporate earnings. They explore how AI-driven productivity is reshaping the labor market, from tech layoffs to rising demand for skilled trades, and close with reflections on political undercurrents and industry innovation cycles.



Key Takeaways

  • [00:17] - Rate cuts and market growth

  • [04:41] - Productivity gains and labor market shifts due to AI advancements.

  • [08:39] - How economic disparities fuel political changes

  • [12:01] - The K-shaped economy and corporate earnings

  • [14:40] - The innovator’s dilemma for large companies


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1317 no How the AI Build-Out Could Fuel The Economy We continue our weekly trend of talking about markets hovering around all-time highs and the AI revolution. We start with what’s driving the positivity in the bond and stock markets and what the rent growth numbers tell us about the direction of inflation. We then shift to discussing the energy demand needed for this massive AI build-out, plus the derivatives that come along with this unprecedented investment. We’ll finish by talking sports as a betting cycle rocks the NBA and Shohei continues to do things we’ve never seen before.  Key Takeaways [00:17] - What’s driving positivity in the bond and stock markets? [03:24] - Single-family rent growth hits lowest level in 15 years [05:48] - AI: build-out, not hype cycle? [08:29] - Energy demand related to the AI build-out [13:27] - The derivative explosion from AI investment [16:07] - NBA betting scandal + Shohei is awesome View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 24 Oct 2025 20:26:00 -0000 full 1 187 Stokes Family Office + Rent Growth, Energy Demand, & Shohei History We continue our weekly trend of talking about markets hovering around all-time highs and the AI revolution. We start with what’s driving the positivity in the bond and stock markets and what the rent growth numbers tell us about the direction of inflation. We then shift to discussing the energy demand needed for this massive AI build-out, plus the derivatives that come along with this unprecedented investment. We’ll finish by talking sports as a betting cycle rocks the NBA and Shohei continues to do things we’ve never seen before.  Key Takeaways [00:17] - What’s driving positivity in the bond and stock markets? [03:24] - Single-family rent growth hits lowest level in 15 years [05:48] - AI: build-out, not hype cycle? [08:29] - Energy demand related to the AI build-out [13:27] - The derivative explosion from AI investment [16:07] - NBA betting scandal + Shohei is awesome View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We continue our weekly trend of talking about markets hovering around all-time highs and the AI revolution. We start with what’s driving the positivity in the bond and stock markets and what the rent growth numbers tell us about the direction of inflation. We then shift to discussing the energy demand needed for this massive AI build-out, plus the derivatives that come along with this unprecedented investment. We’ll finish by talking sports as a betting cycle rocks the NBA and Shohei continues to do things we’ve never seen before. 


Key Takeaways

  • [00:17] - What’s driving positivity in the bond and stock markets?

  • [03:24] - Single-family rent growth hits lowest level in 15 years

  • [05:48] - AI: build-out, not hype cycle?

  • [08:29] - Energy demand related to the AI build-out

  • [13:27] - The derivative explosion from AI investment

  • [16:07] - NBA betting scandal + Shohei is awesome


View Transcript



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.



]]> 1235 no The Market Continues to Shrug Off Foreign Policy Developments This week, Greg and Doug focus on foreign policy, most notably the looming China Trade War, and why the markets remain relatively unfazed. They also discuss the anticipation of lower interest rates, the Fed’s dual mandate, America’s AI domination, and optimism for another era of technological innovation that will lead to prosperity, despite short-term disruptions. Key Takeaways [00:17] - The markets are shrugging off Chinese tariff developments [05:45] - How the U.S. is trying to counter China’s manufacturing prowess [09:01] - Israel/Gaza peace deal and Kushner’s influence in the Middle East [13:34] - Trending back towards some sort of normal interest rate environment [16:15] - The Fed’s dual mandate [19:41] - Every serious technological innovation in history has led to prosperity [23:01] - The U.S. has a massive lead in the AI/data center race View Transcript Links Breakneck: China’s Quest to Engineer the Future GS: We Estimate That Tariff Increases Have Boosted Core PCE Prices by 0.44% So Far This Year and Will Boost Them by a Further 0.6% Eventually The median S&P 500 stock is in a 15% drawdown America remains the global leader in AI with ~2,000 more data centers than the next 10 largest countries combined. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 16 Oct 2025 19:21:00 -0000 full 1 186 Stokes Family Office America's AI Domination & This Era Leading to Prosperity This week, Greg and Doug focus on foreign policy, most notably the looming China Trade War, and why the markets remain relatively unfazed. They also discuss the anticipation of lower interest rates, the Fed’s dual mandate, America’s AI domination, and optimism for another era of technological innovation that will lead to prosperity, despite short-term disruptions. Key Takeaways [00:17] - The markets are shrugging off Chinese tariff developments [05:45] - How the U.S. is trying to counter China’s manufacturing prowess [09:01] - Israel/Gaza peace deal and Kushner’s influence in the Middle East [13:34] - Trending back towards some sort of normal interest rate environment [16:15] - The Fed’s dual mandate [19:41] - Every serious technological innovation in history has led to prosperity [23:01] - The U.S. has a massive lead in the AI/data center race View Transcript Links Breakneck: China’s Quest to Engineer the Future GS: We Estimate That Tariff Increases Have Boosted Core PCE Prices by 0.44% So Far This Year and Will Boost Them by a Further 0.6% Eventually The median S&P 500 stock is in a 15% drawdown America remains the global leader in AI with ~2,000 more data centers than the next 10 largest countries combined. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, Greg and Doug focus on foreign policy, most notably the looming China Trade War, and why the markets remain relatively unfazed. They also discuss the anticipation of lower interest rates, the Fed’s dual mandate, America’s AI domination, and optimism for another era of technological innovation that will lead to prosperity, despite short-term disruptions.


Key Takeaways

  • [00:17] - The markets are shrugging off Chinese tariff developments

  • [05:45] - How the U.S. is trying to counter China’s manufacturing prowess

  • [09:01] - Israel/Gaza peace deal and Kushner’s influence in the Middle East

  • [13:34] - Trending back towards some sort of normal interest rate environment

  • [16:15] - The Fed’s dual mandate

  • [19:41] - Every serious technological innovation in history has led to prosperity

  • [23:01] - The U.S. has a massive lead in the AI/data center race


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1608 no The Intertwined Finances of AI It’s all AI this week, as there isn’t much jobs/inflation news amidst a government shutdown.  We’ll start with OpenAI’s AMD investment and focus on the implications of circular, vendor financing in the AI sector. We’ll explore similarities to the dot-com boom, market sentiment from the “intelligent”, and investing at all-time highs, and discuss how crazy it is to look at the top 10 companies just 10 years ago.  Key Takeaways [00:17] - Looking at vendor financing in the AI world [07:13] - How AI is affecting the job market [10:13] - We’re always optimistic long-term. Here’s why we’re optimistic short-term [13:22] - Looking back at the top 10 companies just 10 years ago View Transcript Links Seeking Alpha: AMD-The OpenAI Deal Is A Real Game Changer To Savor WSJ: The Unofficial Jobs Numbers Are In and It’s Rough Out There Zaccardi: This bull market could go a lot longer and a lot higher JPMAM Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 09 Oct 2025 20:39:00 -0000 full Stokes Family Office + Why We're Optimistic Short- and Long-Term It’s all AI this week, as there isn’t much jobs/inflation news amidst a government shutdown.  We’ll start with OpenAI’s AMD investment and focus on the implications of circular, vendor financing in the AI sector. We’ll explore similarities to the dot-com boom, market sentiment from the “intelligent”, and investing at all-time highs, and discuss how crazy it is to look at the top 10 companies just 10 years ago.  Key Takeaways [00:17] - Looking at vendor financing in the AI world [07:13] - How AI is affecting the job market [10:13] - We’re always optimistic long-term. Here’s why we’re optimistic short-term [13:22] - Looking back at the top 10 companies just 10 years ago View Transcript Links Seeking Alpha: AMD-The OpenAI Deal Is A Real Game Changer To Savor WSJ: The Unofficial Jobs Numbers Are In and It’s Rough Out There Zaccardi: This bull market could go a lot longer and a lot higher JPMAM Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. It’s all AI this week, as there isn’t much jobs/inflation news amidst a government shutdown.  We’ll start with OpenAI’s AMD investment and focus on the implications of circular, vendor financing in the AI sector. We’ll explore similarities to the dot-com boom, market sentiment from the “intelligent”, and investing at all-time highs, and discuss how crazy it is to look at the top 10 companies just 10 years ago. 


Key Takeaways

  • [00:17] - Looking at vendor financing in the AI world

  • [07:13] - How AI is affecting the job market

  • [10:13] - We’re always optimistic long-term. Here’s why we’re optimistic short-term

  • [13:22] - Looking back at the top 10 companies just 10 years ago


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1289 3rd Quarter Update Greg and Doug Stokes wrap up the 3rd quarter with the markets again at all-time highs. As expectations for corporate profit growth, Energy/AI investments, S&P 500 Earnings, and GDP continue to go higher, this episode of the Lagniappe Podcast answers the questions: are we heading for a recession, and is it a good time to be invested in stocks? Key Takeaways [00:17] - October baseball [03:16] - The effect (or non-effect) of the government shutdown [04:25] - Q3 Report: all systems go [13:10] - Can real estate join the positive party? View Transcript Links Zaccardi: GS - The simple story is that non-recessionary rate cuts are usually positive for equities Bilello: US Rents were down 0.8% over the last year, the 28th consecutive month with a YoY decline Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 03 Oct 2025 18:09:00 -0000 full Stokes Family Office Greg and Doug Stokes wrap up the 3rd quarter with the markets again at all-time highs. As expectations for corporate profit growth, Energy/AI investments, S&P 500 Earnings, and GDP continue to go higher, this episode of the Lagniappe Podcast answers the questions: are we heading for a recession, and is it a good time to be invested in stocks? Key Takeaways [00:17] - October baseball [03:16] - The effect (or non-effect) of the government shutdown [04:25] - Q3 Report: all systems go [13:10] - Can real estate join the positive party? View Transcript Links Zaccardi: GS - The simple story is that non-recessionary rate cuts are usually positive for equities Bilello: US Rents were down 0.8% over the last year, the 28th consecutive month with a YoY decline Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes wrap up the 3rd quarter with the markets again at all-time highs. As expectations for corporate profit growth, Energy/AI investments, S&P 500 Earnings, and GDP continue to go higher, this episode of the Lagniappe Podcast answers the questions: are we heading for a recession, and is it a good time to be invested in stocks?


Key Takeaways

  • [00:17] - October baseball

  • [03:16] - The effect (or non-effect) of the government shutdown

  • [04:25] - Q3 Report: all systems go

  • [13:10] - Can real estate join the positive party?


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1060 no Is The AI Bubble Here? Coming off the heels of NVIDIA’s one hundred billion dollar investment in OpenAI, Doug and Greg Stokes discuss the current state of AI and where it’s headed, as they explore the parallels between recent growth and the tech bubble of the late 90s. The conversation also touches on safe haven assets, market performance after all-time highs, exuberance indicators, and a huge college football weekend coming up.  Key Takeaways [00:17] - AI, self-driving cars, and the relation to the late 90s tech bubble [05:31] - The AI bubble isn’t here yet [09:18] - Why stocks continue to reach new highs [13:46] - Indicators of exuberance [17:00] - The staggering investment going into energy and defense [20:34] - Looking at a big college football weekend View Transcript Links Derek Thompson on AI’s timeline and how it relates to self-driving cars. Goldman’s Total Positioning Indicator is STILL slightly underweight US equities. Yardeni: Gold as a percent of total reserves. How much is left to go? TikTok investment club Zaccardi: US data center energy consumption (TWh) and as % of total US power demand (RHS) Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 25 Sep 2025 20:52:00 -0000 full Stokes Family Office Coming off the heels of NVIDIA’s one hundred billion dollar investment in OpenAI, Doug and Greg Stokes discuss the current state of AI and where it’s headed, as they explore the parallels between recent growth and the tech bubble of the late 90s. The conversation also touches on safe haven assets, market performance after all-time highs, exuberance indicators, and a huge college football weekend coming up.  Key Takeaways [00:17] - AI, self-driving cars, and the relation to the late 90s tech bubble [05:31] - The AI bubble isn’t here yet [09:18] - Why stocks continue to reach new highs [13:46] - Indicators of exuberance [17:00] - The staggering investment going into energy and defense [20:34] - Looking at a big college football weekend View Transcript Links Derek Thompson on AI’s timeline and how it relates to self-driving cars. Goldman’s Total Positioning Indicator is STILL slightly underweight US equities. Yardeni: Gold as a percent of total reserves. How much is left to go? TikTok investment club Zaccardi: US data center energy consumption (TWh) and as % of total US power demand (RHS) Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Coming off the heels of NVIDIA’s one hundred billion dollar investment in OpenAI, Doug and Greg Stokes discuss the current state of AI and where it’s headed, as they explore the parallels between recent growth and the tech bubble of the late 90s. The conversation also touches on safe haven assets, market performance after all-time highs, exuberance indicators, and a huge college football weekend coming up. 


Key Takeaways

  • [00:17] - AI, self-driving cars, and the relation to the late 90s tech bubble

  • [05:31] - The AI bubble isn’t here yet

  • [09:18] - Why stocks continue to reach new highs

  • [13:46] - Indicators of exuberance

  • [17:00] - The staggering investment going into energy and defense

  • [20:34] - Looking at a big college football weekend


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1457 no The Fed Cut Rates! Greg and Doug Stokes dive into the latest Federal Reserve meeting minutes, discussing the implications of a long-awaited quarter-point interest rate cut. They examine historical data on what happens when the Fed cuts interest rates at all-time highs and explore the impact on the S&P 500, small- and mid-cap stocks, and the bond market. They also discuss IPO trends, what’s really behind a weak labor market, and the potential for a market bubble. Key Takeaways [00:17] - The Fed finally cut rates [06:55] - The start of the next wave of enthusiasm in the markets [12:01] - Job market, AI, and a potential bubble View Transcript Links 17 charts to consider as stocks rally and the economy cools S&P 500 heatmap MSNBC guest has no idea what Upstart does Torsten Sløk: No Alpha Left in Public Markets What has happened historically when the Fed cuts at all-time highs? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 17 Sep 2025 21:29:00 -0000 full Stokes Family Office Greg and Doug Stokes dive into the latest Federal Reserve meeting minutes, discussing the implications of a long-awaited quarter-point interest rate cut. They examine historical data on what happens when the Fed cuts interest rates at all-time highs and explore the impact on the S&P 500, small- and mid-cap stocks, and the bond market. They also discuss IPO trends, what’s really behind a weak labor market, and the potential for a market bubble. Key Takeaways [00:17] - The Fed finally cut rates [06:55] - The start of the next wave of enthusiasm in the markets [12:01] - Job market, AI, and a potential bubble View Transcript Links 17 charts to consider as stocks rally and the economy cools S&P 500 heatmap MSNBC guest has no idea what Upstart does Torsten Sløk: No Alpha Left in Public Markets What has happened historically when the Fed cuts at all-time highs? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes dive into the latest Federal Reserve meeting minutes, discussing the implications of a long-awaited quarter-point interest rate cut. They examine historical data on what happens when the Fed cuts interest rates at all-time highs and explore the impact on the S&P 500, small- and mid-cap stocks, and the bond market. They also discuss IPO trends, what’s really behind a weak labor market, and the potential for a market bubble.


Key Takeaways

  • [00:17] - The Fed finally cut rates

  • [06:55] - The start of the next wave of enthusiasm in the markets

  • [12:01] - Job market, AI, and a potential bubble


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1314 no Is This The Most Attractive/Interesting Investment Time Ever? This week, we start by analyzing Rick Rieder’s comment that this is the most attractive and interesting investment opportunity that he's ever seen. We examine the cyclical nature of the economy, highlighting optimism for the bond and real estate markets. We finish with hopeful thoughts for America after a tragic week.  Key Takeaways [00:17] - Bad economic news can really mean good news [05:13] - Oracle’s big move [07:54] - The housing market is frozen [13:28] - The cyclical nature of the economy View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 12 Sep 2025 17:56:00 -0000 full Stokes Family Office This week, we start by analyzing Rick Rieder’s comment that this is the most attractive and interesting investment opportunity that he's ever seen. We examine the cyclical nature of the economy, highlighting optimism for the bond and real estate markets. We finish with hopeful thoughts for America after a tragic week.  Key Takeaways [00:17] - Bad economic news can really mean good news [05:13] - Oracle’s big move [07:54] - The housing market is frozen [13:28] - The cyclical nature of the economy View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we start by analyzing Rick Rieder’s comment that this is the most attractive and interesting investment opportunity that he's ever seen. We examine the cyclical nature of the economy, highlighting optimism for the bond and real estate markets. We finish with hopeful thoughts for America after a tragic week. 


Key Takeaways

  • [00:17] - Bad economic news can really mean good news

  • [05:13] - Oracle’s big move

  • [07:54] - The housing market is frozen

  • [13:28] - The cyclical nature of the economy


View Transcript


Connect with our hosts

Subscribe and stay in touch

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1179 no Jobs Are Down, Market Valuations Are Up This week, we look at the recent job report, the Federal Reserve's expected actions on interest rates, and overall market dynamics, including the history-making influence of major tech companies. Our conversation also touches on the capitalism machine and how it relates to throwback fashion trends, individual stock investing challenges, and the need for diversification. We finish by celebrating an incredible time of year for the sports world. Key Takeaways [00:17] - The new jobs report is out [05:00] - What to make of markets trading at high valuations [12:15] - What we’re experiencing with big companies is an anomaly [15:12] - We’re entering the best time of the year for sports View Transcript Links You’re a Boomer If You Wear Leggings: The Rise of Big Workout Pants Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 05 Sep 2025 20:42:00 -0000 full Stokes Family Office This week, we look at the recent job report, the Federal Reserve's expected actions on interest rates, and overall market dynamics, including the history-making influence of major tech companies. Our conversation also touches on the capitalism machine and how it relates to throwback fashion trends, individual stock investing challenges, and the need for diversification. We finish by celebrating an incredible time of year for the sports world. Key Takeaways [00:17] - The new jobs report is out [05:00] - What to make of markets trading at high valuations [12:15] - What we’re experiencing with big companies is an anomaly [15:12] - We’re entering the best time of the year for sports View Transcript Links You’re a Boomer If You Wear Leggings: The Rise of Big Workout Pants Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we look at the recent job report, the Federal Reserve's expected actions on interest rates, and overall market dynamics, including the history-making influence of major tech companies. Our conversation also touches on the capitalism machine and how it relates to throwback fashion trends, individual stock investing challenges, and the need for diversification. We finish by celebrating an incredible time of year for the sports world.


Key Takeaways

  • [00:17] - The new jobs report is out

  • [05:00] - What to make of markets trading at high valuations

  • [12:15] - What we’re experiencing with big companies is an anomaly

  • [15:12] - We’re entering the best time of the year for sports


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1116 no What Quarter of the Market Game Are We In? Football is back! With that in mind, we’re going with a gridiron theme this week as we pull out our crystal ball and dig into what quarter of the bull vs bear game we’re in. We also explore the implications of the Fed shakeups on the economy, particularly regarding interest rates and housing, and look at the economic significance of population growth. And like every other podcast this week, we’ll touch on the futures of Taylor Swift and Arch Manning.  Key Takeaways [00:17] - Getting out our crystal ball for where the market goes from here [10:13] - More shake-ups with the Fed [13:20] - How population growth shapes the economy [15:21] - Football is back! Are the Saints taking for Arch? View Transcript Links Carlson: Is this 1996 or 1999? Econ Browser: 41 states have negative q/q employment growth Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 29 Aug 2025 17:24:00 -0000 full Stokes Family Office Football is back! With that in mind, we’re going with a gridiron theme this week as we pull out our crystal ball and dig into what quarter of the bull vs bear game we’re in. We also explore the implications of the Fed shakeups on the economy, particularly regarding interest rates and housing, and look at the economic significance of population growth. And like every other podcast this week, we’ll touch on the futures of Taylor Swift and Arch Manning.  Key Takeaways [00:17] - Getting out our crystal ball for where the market goes from here [10:13] - More shake-ups with the Fed [13:20] - How population growth shapes the economy [15:21] - Football is back! Are the Saints taking for Arch? View Transcript Links Carlson: Is this 1996 or 1999? Econ Browser: 41 states have negative q/q employment growth Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Football is back! With that in mind, we’re going with a gridiron theme this week as we pull out our crystal ball and dig into what quarter of the bull vs bear game we’re in. We also explore the implications of the Fed shakeups on the economy, particularly regarding interest rates and housing, and look at the economic significance of population growth. And like every other podcast this week, we’ll touch on the futures of Taylor Swift and Arch Manning. 


Key Takeaways

  • [00:17] - Getting out our crystal ball for where the market goes from here

  • [10:13] - More shake-ups with the Fed

  • [13:20] - How population growth shapes the economy

  • [15:21] - Football is back! Are the Saints taking for Arch?


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1132 no The Jackson Hole Effect While Jerome Powell and the Fed held their annual meeting, we discussed the implications of expected Fed rate cuts. We also delve into the dynamics of real estate in a post-COVID world with the rise of data centers, the challenges facing aging office buildings, and the demographic shifts that will shape future investment opportunities. Key Takeaways [00:16] - The Fed’s annual meeting in Jackson Hole [03:35] - The impact of Fed rate cuts on markets [09:40] - Market valuations: small and mid caps are roaring back [14:43] - Real Estate: data center construction + post-COVID office space View Transcript Links Detrick: long waits between cuts (between 5 and 12 months) can be quite bullish Data center construction to soon surpass general office construction Investing in the inevitable tides of demographic change Investing in longevity: the next frontier in retirement and health equity Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 22 Aug 2025 18:41:00 -0000 full Stokes Family Office + Real Estate in a Post-COVID World While Jerome Powell and the Fed held their annual meeting, we discussed the implications of expected Fed rate cuts. We also delve into the dynamics of real estate in a post-COVID world with the rise of data centers, the challenges facing aging office buildings, and the demographic shifts that will shape future investment opportunities. Key Takeaways [00:16] - The Fed’s annual meeting in Jackson Hole [03:35] - The impact of Fed rate cuts on markets [09:40] - Market valuations: small and mid caps are roaring back [14:43] - Real Estate: data center construction + post-COVID office space View Transcript Links Detrick: long waits between cuts (between 5 and 12 months) can be quite bullish Data center construction to soon surpass general office construction Investing in the inevitable tides of demographic change Investing in longevity: the next frontier in retirement and health equity Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. While Jerome Powell and the Fed held their annual meeting, we discussed the implications of expected Fed rate cuts. We also delve into the dynamics of real estate in a post-COVID world with the rise of data centers, the challenges facing aging office buildings, and the demographic shifts that will shape future investment opportunities.


Key Takeaways

  • [00:16] - The Fed’s annual meeting in Jackson Hole

  • [03:35] - The impact of Fed rate cuts on markets

  • [09:40] - Market valuations: small and mid caps are roaring back

  • [14:43] - Real Estate: data center construction + post-COVID office space


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1496 History Doesn't Repeat, But It Rhymes We begin this week by looking at inflation indicators like CPI, PPI, and tariffs. We also examine the impact of AI on employment, stagnation in the housing market, shifting consumer behaviors, and migration-altering taxation, and explore how these factors intertwine and influence the broader economic landscape. Key Takeaways [00:16] - Inflation Insights: CPI, PPI, Tariffs, and AI [06:48] - History doesn't repeat, but it rhymes [13:29] - Alcohol, nicotine, and subsidy-reliant industries [19:04] - American housing/job mobility is stalling [22:33] - Taxation trends and their effects on migration View Transcript Links Roche: Tariffs can’t be a dominant factor in the inflation debate, yet Goodbye, $165K Tech Jobs. Student Coders Seek Work at Chipotle U.S. Drinking Rate at New Low as Alcohol Concerns Surge The Financing Tool That Made Orsted a Wind Powerhouse Also Broke It Nobody’s Buying Homes, Nobody’s Switching Jobs—and America’s Mobility Is Stalling Blue States Hunt for Ways to Wring More Taxes From the Wealthy Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 15 Aug 2025 18:58:00 -0000 full Stokes Family Office We begin this week by looking at inflation indicators like CPI, PPI, and tariffs. We also examine the impact of AI on employment, stagnation in the housing market, shifting consumer behaviors, and migration-altering taxation, and explore how these factors intertwine and influence the broader economic landscape. Key Takeaways [00:16] - Inflation Insights: CPI, PPI, Tariffs, and AI [06:48] - History doesn't repeat, but it rhymes [13:29] - Alcohol, nicotine, and subsidy-reliant industries [19:04] - American housing/job mobility is stalling [22:33] - Taxation trends and their effects on migration View Transcript Links Roche: Tariffs can’t be a dominant factor in the inflation debate, yet Goodbye, $165K Tech Jobs. Student Coders Seek Work at Chipotle U.S. Drinking Rate at New Low as Alcohol Concerns Surge The Financing Tool That Made Orsted a Wind Powerhouse Also Broke It Nobody’s Buying Homes, Nobody’s Switching Jobs—and America’s Mobility Is Stalling Blue States Hunt for Ways to Wring More Taxes From the Wealthy Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We begin this week by looking at inflation indicators like CPI, PPI, and tariffs. We also examine the impact of AI on employment, stagnation in the housing market, shifting consumer behaviors, and migration-altering taxation, and explore how these factors intertwine and influence the broader economic landscape.


Key Takeaways

  • [00:16] - Inflation Insights: CPI, PPI, Tariffs, and AI

  • [06:48] - History doesn't repeat, but it rhymes

  • [13:29] - Alcohol, nicotine, and subsidy-reliant industries

  • [19:04] - American housing/job mobility is stalling

  • [22:33] - Taxation trends and their effects on migration


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1624 no Jobs, Tariffs, & IPOs We dig into the latest jobs report that showed a significant decline in new jobs. We’ll also analyze the minimal effect that tariffs have had on inflation and the economy as a whole, and how the Fed can and should react with rate cuts. We’ll finish with a look at the recent run of IPOs, how they could indicate a return of speculative behavior, and why you should be cautious with including IPOs in a sound investment strategy. Key Takeaways [00:16] - Breaking down the latest job report and AI’s impact [08:04] - The tariff effect [14:56] - Recent IPOs indicate a return of speculative behavior in the market View Transcript Links The Tariff Effect: Billions in Revenue but No Economic Earthquake Trump Just Got a Fresh Shot at Bending the Fed to His Will Circle Internet Group Figma Firefly Aerospace Bill Gurley on the Figma IPO Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 07 Aug 2025 01:50:00 -0000 full Stokes Family Office We dig into the latest jobs report that showed a significant decline in new jobs. We’ll also analyze the minimal effect that tariffs have had on inflation and the economy as a whole, and how the Fed can and should react with rate cuts. We’ll finish with a look at the recent run of IPOs, how they could indicate a return of speculative behavior, and why you should be cautious with including IPOs in a sound investment strategy. Key Takeaways [00:16] - Breaking down the latest job report and AI’s impact [08:04] - The tariff effect [14:56] - Recent IPOs indicate a return of speculative behavior in the market View Transcript Links The Tariff Effect: Billions in Revenue but No Economic Earthquake Trump Just Got a Fresh Shot at Bending the Fed to His Will Circle Internet Group Figma Firefly Aerospace Bill Gurley on the Figma IPO Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We dig into the latest jobs report that showed a significant decline in new jobs. We’ll also analyze the minimal effect that tariffs have had on inflation and the economy as a whole, and how the Fed can and should react with rate cuts. We’ll finish with a look at the recent run of IPOs, how they could indicate a return of speculative behavior, and why you should be cautious with including IPOs in a sound investment strategy.


Key Takeaways

  • [00:16] - Breaking down the latest job report and AI’s impact

  • [08:04] - The tariff effect

  • [14:56] - Recent IPOs indicate a return of speculative behavior in the market


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.


]]> 1616 no Markets Continue to Shrug Off Geopolitical Disruption Greg and Doug Stokes start this week’s discussion with the European Union and South Korea trade deals. They also look at the massive windfall in profitability from the largest companies in America, which continues to buck the narrative that geopolitical uncertainty is going to push us into a downturn. Then, they explore inflation, housing, and the job market, particularly in light of the growing influence of AI.  Key Takeaways [00:16] - New trade deals [03:04] - Meta, Microsoft, and how the business sector continues to shrug off geopolitical disruption [06:34] - Geopolitical implications of technology [11:29] - How the decline in rental income could affect inflation more than tariffs [19:41] - AI is transforming the job market and the economy View Transcript Links Tom Lee: 2Q25 EPS season strong with 83% beating, implying EPS YoY >12% Repeat home sales and leading apartment rent indexes both point to lower shelter inflation ahead Apartment List: The national multifamily vacancy rate ticked up to 7.1% this month Wall Street bull calls for 11% rally in S&P 500 to end 2025 as trade 'uncertainty' subsides Wage growth is stuck in neutral as pay gains slow Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 31 Jul 2025 19:48:00 -0000 full 1 175 Stokes Family Office + AI is transforming the job market and the economy Greg and Doug Stokes start this week’s discussion with the European Union and South Korea trade deals. They also look at the massive windfall in profitability from the largest companies in America, which continues to buck the narrative that geopolitical uncertainty is going to push us into a downturn. Then, they explore inflation, housing, and the job market, particularly in light of the growing influence of AI.  Key Takeaways [00:16] - New trade deals [03:04] - Meta, Microsoft, and how the business sector continues to shrug off geopolitical disruption [06:34] - Geopolitical implications of technology [11:29] - How the decline in rental income could affect inflation more than tariffs [19:41] - AI is transforming the job market and the economy View Transcript Links Tom Lee: 2Q25 EPS season strong with 83% beating, implying EPS YoY >12% Repeat home sales and leading apartment rent indexes both point to lower shelter inflation ahead Apartment List: The national multifamily vacancy rate ticked up to 7.1% this month Wall Street bull calls for 11% rally in S&P 500 to end 2025 as trade 'uncertainty' subsides Wage growth is stuck in neutral as pay gains slow Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes start this week’s discussion with the European Union and South Korea trade deals. They also look at the massive windfall in profitability from the largest companies in America, which continues to buck the narrative that geopolitical uncertainty is going to push us into a downturn. Then, they explore inflation, housing, and the job market, particularly in light of the growing influence of AI. 


Key Takeaways

  • [00:16] - New trade deals

  • [03:04] - Meta, Microsoft, and how the business sector continues to shrug off geopolitical disruption

  • [06:34] - Geopolitical implications of technology

  • [11:29] - How the decline in rental income could affect inflation more than tariffs

  • [19:41] - AI is transforming the job market and the economy


View Transcript


Links


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1513 no Nearing the Market Exuberance Cycle In the midst of another all-time market high, Doug and Greg discuss the potential for a new cycle of exuberance driven by IPOs. They delve into the significant market cap of tech giants like Nvidia and Microsoft, the incredible impact of AI on GDP growth and economic resilience, and the opportunities for small and mid-cap stocks. They also cover trade agreements, the relationship between interest rates and valuation, and how rate cuts could affect the economy. Key Takeaways [00:16] - Is the IPO window about to open again? [05:25] - The incredible (economy-saving?) impact of AI [06:08] - Will we see a resurgence for small and mid-cap stocks? [11:58] - Macroeconomics and trade agreements [14:47] - Speculating on the Fed Chair spat and interest rates View Transcript Links The market cap weighting of Nvidia and Microsoft in the S&P 500 is 15% AI Capex is Eating the Economy Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 24 Jul 2025 19:56:00 -0000 full 1 175 Stokes Family Office AI Capex & IPO Windows In the midst of another all-time market high, Doug and Greg discuss the potential for a new cycle of exuberance driven by IPOs. They delve into the significant market cap of tech giants like Nvidia and Microsoft, the incredible impact of AI on GDP growth and economic resilience, and the opportunities for small and mid-cap stocks. They also cover trade agreements, the relationship between interest rates and valuation, and how rate cuts could affect the economy. Key Takeaways [00:16] - Is the IPO window about to open again? [05:25] - The incredible (economy-saving?) impact of AI [06:08] - Will we see a resurgence for small and mid-cap stocks? [11:58] - Macroeconomics and trade agreements [14:47] - Speculating on the Fed Chair spat and interest rates View Transcript Links The market cap weighting of Nvidia and Microsoft in the S&P 500 is 15% AI Capex is Eating the Economy Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. In the midst of another all-time market high, Doug and Greg discuss the potential for a new cycle of exuberance driven by IPOs. They delve into the significant market cap of tech giants like Nvidia and Microsoft, the incredible impact of AI on GDP growth and economic resilience, and the opportunities for small and mid-cap stocks. They also cover trade agreements, the relationship between interest rates and valuation, and how rate cuts could affect the economy.


Key Takeaways

  • [00:16] - Is the IPO window about to open again?

  • [05:25] - The incredible (economy-saving?) impact of AI

  • [06:08] - Will we see a resurgence for small and mid-cap stocks?

  • [11:58] - Macroeconomics and trade agreements

  • [14:47] - Speculating on the Fed Chair spat and interest rates


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.



]]> 1312 no Jamie Dimon, Private Credit, and Long-Term Inflation The Stokes Brothers explore the rise of private credit as a trending asset class, its risks and rewards, and the implications of JP Morgan's $50 billion investment into the space. They also discuss the Fed Chair tit-for-tat, why we need an independent, formulaic process for setting rates, and the long-term outlook on inflation and housing. Key Takeaways [00:00] - Jamie Dimon & private credit [04:39] - What is the risk in the private credit market? [11:31] - Municipal bonds vs. private credit for taxable investors [16:06] - How the news out of DC is affecting the market [22:13] - A long-term look at housing and inflation [17:13] - Interest rates, inflation, and Fed Chair spats View Transcript Links Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 17 Jul 2025 19:09:00 -0000 full 1 173 Stokes Family Office The Stokes Brothers explore the rise of private credit as a trending asset class, its risks and rewards, and the implications of JP Morgan's $50 billion investment into the space. They also discuss the Fed Chair tit-for-tat, why we need an independent, formulaic process for setting rates, and the long-term outlook on inflation and housing. Key Takeaways [00:00] - Jamie Dimon & private credit [04:39] - What is the risk in the private credit market? [11:31] - Municipal bonds vs. private credit for taxable investors [16:06] - How the news out of DC is affecting the market [22:13] - A long-term look at housing and inflation [17:13] - Interest rates, inflation, and Fed Chair spats View Transcript Links Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. The Stokes Brothers explore the rise of private credit as a trending asset class, its risks and rewards, and the implications of JP Morgan's $50 billion investment into the space. They also discuss the Fed Chair tit-for-tat, why we need an independent, formulaic process for setting rates, and the long-term outlook on inflation and housing.


Key Takeaways

  • [00:00] - Jamie Dimon & private credit

  • [04:39] - What is the risk in the private credit market?

  • [11:31] - Municipal bonds vs. private credit for taxable investors

  • [16:06] - How the news out of DC is affecting the market

  • [22:13] - A long-term look at housing and inflation

  • [17:13] - Interest rates, inflation, and Fed Chair spats


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1682 no Market Concentration, Tech Domination Greg and Doug reflect on the recent tragedy in Texas before diving into the current state of the markets with a focus on the rise of tech giants like NVIDIA and their outsized impact. They explore big tech’s market concentration, productivity gains from AI, the IPO landscape, and improving public sentiment. They also detail real-time inflation, interest rates, and Fed Chair drama.  Key Takeaways [00:00] - Reflecting on the tragedy in Texas [02:10] - NVIDIA tops $4 trillion in market cap (larger than all of Germany!) [07:49] - Market concentration: AI company domination [10:57] - AI bubble and IPOs [14:58] - Vibe check: public perception and optimism [17:13] - Interest rates, inflation, and Fed Chair spats View Transcript Links NVIDIA's annualized revenue per unit CIVIQS - National economic optimism poll The Return of ZIRP (zero interest rate policy) Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 10 Jul 2025 19:31:00 -0000 full 1 172 Stokes Family Office The rise of tech giants like NVIDIA Greg and Doug reflect on the recent tragedy in Texas before diving into the current state of the markets with a focus on the rise of tech giants like NVIDIA and their outsized impact. They explore big tech’s market concentration, productivity gains from AI, the IPO landscape, and improving public sentiment. They also detail real-time inflation, interest rates, and Fed Chair drama.  Key Takeaways [00:00] - Reflecting on the tragedy in Texas [02:10] - NVIDIA tops $4 trillion in market cap (larger than all of Germany!) [07:49] - Market concentration: AI company domination [10:57] - AI bubble and IPOs [14:58] - Vibe check: public perception and optimism [17:13] - Interest rates, inflation, and Fed Chair spats View Transcript Links NVIDIA's annualized revenue per unit CIVIQS - National economic optimism poll The Return of ZIRP (zero interest rate policy) Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Greg and Doug reflect on the recent tragedy in Texas before diving into the current state of the markets with a focus on the rise of tech giants like NVIDIA and their outsized impact. They explore big tech’s market concentration, productivity gains from AI, the IPO landscape, and improving public sentiment. They also detail real-time inflation, interest rates, and Fed Chair drama. 


Key Takeaways

  • [00:00] - Reflecting on the tragedy in Texas

  • [02:10] - NVIDIA tops $4 trillion in market cap (larger than all of Germany!)

  • [07:49] - Market concentration: AI company domination

  • [10:57] - AI bubble and IPOs

  • [14:58] - Vibe check: public perception and optimism

  • [17:13] - Interest rates, inflation, and Fed Chair spats


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1686 no Celebrating the 4th With Market Recovery Fireworks Happy Independence Week! We begin this week’s pod by discussing the remarkable recovery of the S&P 500, emphasizing the importance of maintaining a steady, long-term investment strategy. With that in mind, we’ll examine a study that demonstrates how dollar cost averaging outperforms trying to time the market perfectly. We also talk about the performance of international markets, bond returns, productivity from AI, and continue our call for Fed rate cuts.  Key Takeaways [00:15]: American excellence: market recovery and military might [07:55]: Dollar cost averaging vs market timing [12:07]: It’s the allocators’ year! [17:05]: All eyes on the Fed View Transcript Links A 2-month rally pushed the stock market to record highs The last article you will ever need to read on market timing Productivity Gains Are Coming Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 02 Jul 2025 15:04:00 -0000 full Stokes Family Office Happy Independence Week! We begin this week’s pod by discussing the remarkable recovery of the S&P 500, emphasizing the importance of maintaining a steady, long-term investment strategy. With that in mind, we’ll examine a study that demonstrates how dollar cost averaging outperforms trying to time the market perfectly. We also talk about the performance of international markets, bond returns, productivity from AI, and continue our call for Fed rate cuts.  Key Takeaways [00:15]: American excellence: market recovery and military might [07:55]: Dollar cost averaging vs market timing [12:07]: It’s the allocators’ year! [17:05]: All eyes on the Fed View Transcript Links A 2-month rally pushed the stock market to record highs The last article you will ever need to read on market timing Productivity Gains Are Coming Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Happy Independence Week! We begin this week’s pod by discussing the remarkable recovery of the S&P 500, emphasizing the importance of maintaining a steady, long-term investment strategy. With that in mind, we’ll examine a study that demonstrates how dollar cost averaging outperforms trying to time the market perfectly. We also talk about the performance of international markets, bond returns, productivity from AI, and continue our call for Fed rate cuts. 


Key Takeaways

  • [00:15]: American excellence: market recovery and military might

  • [07:55]: Dollar cost averaging vs market timing

  • [12:07]: It’s the allocators’ year!

  • [17:05]: All eyes on the Fed


View Transcript



Links

Connect with our hosts

Subscribe and stay in touch

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1431 no Robert Watson On The Car Business: Yesterday, Today, & Tomorrow Greg and Doug Stokes interview Robert Watson, a veteran of the car business and former owner of Watson Quality Ford in Jackson, Mississippi. Robert shares his journey in the automotive industry, starting from his father's legacy to his own experiences in building a successful dealership. The conversation covers the evolution of car sales, the impact of the internet on customer interactions, the challenges of vehicle financing, and the future of electric vehicles and autonomous driving. Robert also reflects on the nostalgia and artistry of classic cars and the changing landscape of dealerships, emphasizing the importance of customer relationships for potential industry growth. Key Takeaways [00:17] - Introduction to Robert Watson and his family’s legacy [04:03] - Growing up in the car business [07:10] - Building relationships and strategies for success in sales [09:36] - How to be profitable: dealership operations and cost controls [14:04] - The evolution of car sales and customer interactions [17:12] - The changing landscape of vehicle financing/affordability [24:53] - The future of electric vehicles and autonomous driving [32:36] - Nostalgia for classic cars and their artistry and value [42:15] - The Future of dealerships and opportunities for growth View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 25 Jun 2025 15:56:00 -0000 full Stokes Family Office Greg and Doug Stokes interview Robert Watson, a veteran of the car business and former owner of Watson Quality Ford in Jackson, Mississippi. Robert shares his journey in the automotive industry, starting from his father's legacy to his own experiences in building a successful dealership. The conversation covers the evolution of car sales, the impact of the internet on customer interactions, the challenges of vehicle financing, and the future of electric vehicles and autonomous driving. Robert also reflects on the nostalgia and artistry of classic cars and the changing landscape of dealerships, emphasizing the importance of customer relationships for potential industry growth. Key Takeaways [00:17] - Introduction to Robert Watson and his family’s legacy [04:03] - Growing up in the car business [07:10] - Building relationships and strategies for success in sales [09:36] - How to be profitable: dealership operations and cost controls [14:04] - The evolution of car sales and customer interactions [17:12] - The changing landscape of vehicle financing/affordability [24:53] - The future of electric vehicles and autonomous driving [32:36] - Nostalgia for classic cars and their artistry and value [42:15] - The Future of dealerships and opportunities for growth View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes interview Robert Watson, a veteran of the car business and former owner of Watson Quality Ford in Jackson, Mississippi. Robert shares his journey in the automotive industry, starting from his father's legacy to his own experiences in building a successful dealership. The conversation covers the evolution of car sales, the impact of the internet on customer interactions, the challenges of vehicle financing, and the future of electric vehicles and autonomous driving. Robert also reflects on the nostalgia and artistry of classic cars and the changing landscape of dealerships, emphasizing the importance of customer relationships for potential industry growth.


Key Takeaways

  • [00:17] - Introduction to Robert Watson and his family’s legacy

  • [04:03] - Growing up in the car business

  • [07:10] - Building relationships and strategies for success in sales

  • [09:36] - How to be profitable: dealership operations and cost controls

  • [14:04] - The evolution of car sales and customer interactions

  • [17:12] - The changing landscape of vehicle financing/affordability

  • [24:53] - The future of electric vehicles and autonomous driving

  • [32:36] - Nostalgia for classic cars and their artistry and value

  • [42:15] - The Future of dealerships and opportunities for growth


View Transcript



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 2885 no Beating The Drum For Long-Term, Diversified Strategies While we await updated Fed Day data, we renew our call for the Fed to cut rates, discuss the muted market response to international conflicts, and examine the important role of bonds in providing stability in investment portfolios. We also talk about Vanguard's less-than-stellar market forecast as we continue to stress the importance of maintaining a diversified, long-term investment approach  Key Takeaways [00:17] - It’s time for the Fed to cut rates [04:07] - The market reacts to Israel, Iran, and oil [13:35] - Fools errands: forecasts & short-term strategies [22:56] - The role of bonds in investment portfolios View Transcript Links Around 26% of the world’s oil trade passes through the Strait of Hormuz. Markets NOT viewing Israel/Iran as safe haven event, but a crude oil supply shock story. Vanguard forecasts US stocks to return 3.9% annually over the next decade.   Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 18 Jun 2025 21:37:00 -0000 full Stokes Family Office While we await updated Fed Day data, we renew our call for the Fed to cut rates, discuss the muted market response to international conflicts, and examine the important role of bonds in providing stability in investment portfolios. We also talk about Vanguard's less-than-stellar market forecast as we continue to stress the importance of maintaining a diversified, long-term investment approach  Key Takeaways [00:17] - It’s time for the Fed to cut rates [04:07] - The market reacts to Israel, Iran, and oil [13:35] - Fools errands: forecasts & short-term strategies [22:56] - The role of bonds in investment portfolios View Transcript Links Around 26% of the world’s oil trade passes through the Strait of Hormuz. Markets NOT viewing Israel/Iran as safe haven event, but a crude oil supply shock story. Vanguard forecasts US stocks to return 3.9% annually over the next decade.   Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. While we await updated Fed Day data, we renew our call for the Fed to cut rates, discuss the muted market response to international conflicts, and examine the important role of bonds in providing stability in investment portfolios. We also talk about Vanguard's less-than-stellar market forecast as we continue to stress the importance of maintaining a diversified, long-term investment approach 


Key Takeaways

  • [00:17] - It’s time for the Fed to cut rates

  • [04:07] - The market reacts to Israel, Iran, and oil

  • [13:35] - Fools errands: forecasts & short-term strategies

  • [22:56] - The role of bonds in investment portfolios


View Transcript



Links


Connect with our hosts


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1634 Inflation Is A Yesterday Story Doug and Greg dive into the most recent inflation data, which was softer than expected, examining how and why disinflation is currently taking hold in the economy. Taking in real-time shelter numbers, they also discuss the limited effects of tariffs so far, market optimism, and why the Fed should cut rates soon. Finally, heading into the U.S. Open weekend, they debate their two favorite sports and find a surprisingly profitable investment on the course.  Key Takeaways [0:16] - Reacting to CPI data and how shelter factors in [03:10] - Inflation, disinflation, jobs, and a September rate cut [09:10] - CEO, Small Business, Consumer confidence all up [12:38] - Musk vs. Trump, China deals, and S&P performance [15:27] - Scottie Scheffler is the best investment you can make View Transcript Links U.S. Inflation Remains Muted, With Limited Effects From Tariffs NFIB Small Business Optimism Index jumps to the highest since February Forget about the stock market, betting on Scottie Scheffler is the best investment around Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 12 Jun 2025 15:10:00 -0000 full Stokes Family Office Doug and Greg dive into the most recent inflation data, which was softer than expected, examining how and why disinflation is currently taking hold in the economy. Taking in real-time shelter numbers, they also discuss the limited effects of tariffs so far, market optimism, and why the Fed should cut rates soon. Finally, heading into the U.S. Open weekend, they debate their two favorite sports and find a surprisingly profitable investment on the course.  Key Takeaways [0:16] - Reacting to CPI data and how shelter factors in [03:10] - Inflation, disinflation, jobs, and a September rate cut [09:10] - CEO, Small Business, Consumer confidence all up [12:38] - Musk vs. Trump, China deals, and S&P performance [15:27] - Scottie Scheffler is the best investment you can make View Transcript Links U.S. Inflation Remains Muted, With Limited Effects From Tariffs NFIB Small Business Optimism Index jumps to the highest since February Forget about the stock market, betting on Scottie Scheffler is the best investment around Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Doug and Greg dive into the most recent inflation data, which was softer than expected, examining how and why disinflation is currently taking hold in the economy. Taking in real-time shelter numbers, they also discuss the limited effects of tariffs so far, market optimism, and why the Fed should cut rates soon. Finally, heading into the U.S. Open weekend, they debate their two favorite sports and find a surprisingly profitable investment on the course. 


Key Takeaways

  • [0:16] - Reacting to CPI data and how shelter factors in

  • [03:10] - Inflation, disinflation, jobs, and a September rate cut

  • [09:10] - CEO, Small Business, Consumer confidence all up

  • [12:38] - Musk vs. Trump, China deals, and S&P performance

  • [15:27] - Scottie Scheffler is the best investment you can make


View Transcript


Links

Connect with our hosts


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1563 no Critiquing Forecasts, Praising Innovation Doug and Greg begin this week’s episode with a critique of Jamie Dimon's forecasts regarding the bond market and financial predictions in general. They explore the rise of autonomous driving technology, the world-changing impact of American investment in innovation, and the influence of the political climate on markets and investment strategies. Key Takeaways [0:18] - Our reactions to Jamie Dimon’s bond market hurricane prediction [04:50] - Forecasts are essentially worthless [07:31] - The autonomous driving revolution is here [10:27] - Magnificent 7 reinvesting cash flows with growth [15:27] - Political bias should not influence investment decisions. [18:02] - Market reaction to the new tax bill and Musk’s opposition [23:16] - Could weak economic data/jobless claims lead to fed rate cuts? View Transcript Links Jamie Dimon Says Crack in the Bond Market Is ‘Going to Happen’ Over the last ~100 years, the stock market has been up 76% of the time over all rolling 12-month periods Barry Ritholtz Warns: Don't Mix Investing and Identity Politics Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated Thu, 05 Jun 2025 18:06:00 -0000 full 1 167 Stokes Family Office Doug and Greg begin this week’s episode with a critique of Jamie Dimon's forecasts regarding the bond market and financial predictions in general. They explore the rise of autonomous driving technology, the world-changing impact of American investment in innovation, and the influence of the political climate on markets and investment strategies. Key Takeaways [0:18] - Our reactions to Jamie Dimon’s bond market hurricane prediction [04:50] - Forecasts are essentially worthless [07:31] - The autonomous driving revolution is here [10:27] - Magnificent 7 reinvesting cash flows with growth [15:27] - Political bias should not influence investment decisions. [18:02] - Market reaction to the new tax bill and Musk’s opposition [23:16] - Could weak economic data/jobless claims lead to fed rate cuts? View Transcript Links Jamie Dimon Says Crack in the Bond Market Is ‘Going to Happen’ Over the last ~100 years, the stock market has been up 76% of the time over all rolling 12-month periods Barry Ritholtz Warns: Don't Mix Investing and Identity Politics Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated Doug and Greg begin this week’s episode with a critique of Jamie Dimon's forecasts regarding the bond market and financial predictions in general. They explore the rise of autonomous driving technology, the world-changing impact of American investment in innovation, and the influence of the political climate on markets and investment strategies.


Key Takeaways

  • [0:18] - Our reactions to Jamie Dimon’s bond market hurricane prediction

  • [04:50] - Forecasts are essentially worthless

  • [07:31] - The autonomous driving revolution is here

  • [10:27] - Magnificent 7 reinvesting cash flows with growth

  • [15:27] - Political bias should not influence investment decisions.

  • [18:02] - Market reaction to the new tax bill and Musk’s opposition

  • [23:16] - Could weak economic data/jobless claims lead to fed rate cuts?


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated

]]> 1717 The Tariff Ruling And The AI Revolution Doug and Greg discuss the recent court ruling on tariffs and the implications for the market. Highlighted by Nvidia's impressive earnings, they’ll also talk about the ongoing AI revolution and how it will affect inflation, decentralization, and the job market. They finish by looking at the housing market, which now has the highest recorded rate of sellers vs. buyers. Key Takeaways [0:18] - Tariff turmoil: the court's decision and market reactions [12:37] - Nvidia earnings & the AI revolution [17:27] - Bracing for job disruption that will come from AI [22:16] - Shifting real estate market dynamics View Transcript Links Federal court blocks Trump from imposing sweeping tariffs under emergency powers law Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools Trump erupts when asked about 'TACO trade' The Tech Industry Is Huge—and Europe’s Share of It Is Very Small Cullen Roche’s Three Things – Exponential AI The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. The repeat homebuyer age was 40 in 2000. It's 61 now. Apartment List national rent data Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 29 May 2025 19:46:00 -0000 full 1 166 Stokes Family Office + the Housing Market Undergoes a Major Shift Doug and Greg discuss the recent court ruling on tariffs and the implications for the market. Highlighted by Nvidia's impressive earnings, they’ll also talk about the ongoing AI revolution and how it will affect inflation, decentralization, and the job market. They finish by looking at the housing market, which now has the highest recorded rate of sellers vs. buyers. Key Takeaways [0:18] - Tariff turmoil: the court's decision and market reactions [12:37] - Nvidia earnings & the AI revolution [17:27] - Bracing for job disruption that will come from AI [22:16] - Shifting real estate market dynamics View Transcript Links Federal court blocks Trump from imposing sweeping tariffs under emergency powers law Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools Trump erupts when asked about 'TACO trade' The Tech Industry Is Huge—and Europe’s Share of It Is Very Small Cullen Roche’s Three Things – Exponential AI The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. The repeat homebuyer age was 40 in 2000. It's 61 now. Apartment List national rent data Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Doug and Greg discuss the recent court ruling on tariffs and the implications for the market. Highlighted by Nvidia's impressive earnings, they’ll also talk about the ongoing AI revolution and how it will affect inflation, decentralization, and the job market. They finish by looking at the housing market, which now has the highest recorded rate of sellers vs. buyers.


Key Takeaways

  • [0:18] - Tariff turmoil: the court's decision and market reactions

  • [12:37] - Nvidia earnings & the AI revolution

  • [17:27] - Bracing for job disruption that will come from AI

  • [22:16] - Shifting real estate market dynamics


View Transcript



Links


Connect with our hosts


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1782 no Does the Moody’s Downgrade Matter? This week, we’re focusing on the impact of Moody's downgrade of the US credit rating. How did the market react? Does it raise real concerns? Does it have real long-term effects? We’ll also delve into the implications of the new tax bill and its potential ramifications on the economy. We wrap with a look at hurricane season and the gripping story of New Orleans’ jail escapees.  Key Takeaways [0:19] - Greg sums up an entire week of news in 3 minutes [03:03] - Unpacking the Moody's downgrade [08:02] - Narratives, treasuries, and the deficit [12:11] - The new tax bill could stimulate economic growth [18:30] - Hurricane forecasts = market prognostications? [21:21] - Shawshank, Nola version View Transcript Links What Moody’s downgrade of U.S. credit rating means for your money NOAA’s 2025 hurricane forecast warns of a busy season You can bet on when New Orleans jail escapees will be captured Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 22 May 2025 20:05:00 -0000 full Stokes Family Office This week, we’re focusing on the impact of Moody's downgrade of the US credit rating. How did the market react? Does it raise real concerns? Does it have real long-term effects? We’ll also delve into the implications of the new tax bill and its potential ramifications on the economy. We wrap with a look at hurricane season and the gripping story of New Orleans’ jail escapees.  Key Takeaways [0:19] - Greg sums up an entire week of news in 3 minutes [03:03] - Unpacking the Moody's downgrade [08:02] - Narratives, treasuries, and the deficit [12:11] - The new tax bill could stimulate economic growth [18:30] - Hurricane forecasts = market prognostications? [21:21] - Shawshank, Nola version View Transcript Links What Moody’s downgrade of U.S. credit rating means for your money NOAA’s 2025 hurricane forecast warns of a busy season You can bet on when New Orleans jail escapees will be captured Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we’re focusing on the impact of Moody's downgrade of the US credit rating. How did the market react? Does it raise real concerns? Does it have real long-term effects? We’ll also delve into the implications of the new tax bill and its potential ramifications on the economy. We wrap with a look at hurricane season and the gripping story of New Orleans’ jail escapees. 


Key Takeaways

  • [0:19] - Greg sums up an entire week of news in 3 minutes

  • [03:03] - Unpacking the Moody's downgrade

  • [08:02] - Narratives, treasuries, and the deficit

  • [12:11] - The new tax bill could stimulate economic growth

  • [18:30] - Hurricane forecasts = market prognostications?

  • [21:21] - Shawshank, Nola version


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.


]]> 1516 Roaring Back: The Market & The State of Louisiana The last 40 days have seen the market sharply decline and come roaring back, and now, the market is positive on the year. We’ll look at how pending trade deals and tariff reductions have positively impacted the markets and discuss the strength of the American economy and consumer. We also talk real estate dynamics, interest rate projections, and how our beloved home state is poised for an economic boon.  Key Takeaways [0:19] - Harsh decline leads to roaring back [07:57] - The strength of the American economy and consumer [11:32] - The real estate market and household balance sheets [19:35] - Louisiana/Nola poised for economic success View Transcript Links If an investor starting with $10,000 had missed the best five investment days between 1/1/80 and 12/31/22, they would’ve missed out on ~$411,000 in growth Companies aren't withdrawing guidance, but there's a big caveat Mortgage applications up as borrowers respond to growing inventory GS: U.S. household balance sheets remain in fine health Louisiana wins again with Hyundai plant Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 15 May 2025 14:32:00 -0000 full Stokes Family Office The strength of the American economy and consumer The last 40 days have seen the market sharply decline and come roaring back, and now, the market is positive on the year. We’ll look at how pending trade deals and tariff reductions have positively impacted the markets and discuss the strength of the American economy and consumer. We also talk real estate dynamics, interest rate projections, and how our beloved home state is poised for an economic boon.  Key Takeaways [0:19] - Harsh decline leads to roaring back [07:57] - The strength of the American economy and consumer [11:32] - The real estate market and household balance sheets [19:35] - Louisiana/Nola poised for economic success View Transcript Links If an investor starting with $10,000 had missed the best five investment days between 1/1/80 and 12/31/22, they would’ve missed out on ~$411,000 in growth Companies aren't withdrawing guidance, but there's a big caveat Mortgage applications up as borrowers respond to growing inventory GS: U.S. household balance sheets remain in fine health Louisiana wins again with Hyundai plant Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. The last 40 days have seen the market sharply decline and come roaring back, and now, the market is positive on the year. We’ll look at how pending trade deals and tariff reductions have positively impacted the markets and discuss the strength of the American economy and consumer. We also talk real estate dynamics, interest rate projections, and how our beloved home state is poised for an economic boon. 


Key Takeaways

  • [0:19] - Harsh decline leads to roaring back

  • [07:57] - The strength of the American economy and consumer

  • [11:32] - The real estate market and household balance sheets

  • [19:35] - Louisiana/Nola poised for economic success


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1566 no Warren Buffett Retirement & The Market Rebound We start by commemorating Warren Buffett's retirement, which marks a significant moment in investing history. We’ll examine his philosophies and Berkshire Hathaway’s remarkable gains under Buffett's leadership. We then shift to the market rebounding after April volatility, noting strong job creation and consumer spending. As tariff-related headlines drive market movements, we look at AI investments, the potential for stagflation, and how the Federal Reserve's decisions will significantly impact market direction. Key Takeaways [0:19] - Warren Buffett's retirement and legacy [08:13] - The market’s rebound after a volatile April [10:54] - AI investments expected to continue despite economic uncertainties [14:06] - Job creation/consumer spending indicate resilience in U.S. economy [15:58] - Are we heading into a time of stagflation? [18:09] - The Fed’s role & positive indicators for future growth View Transcript Links 'Washed up' Warren Buffett has supposedly lost a step. The investor has scored an $11 billion gain on Apple this year. DeepSeek and tariffs fail to undermine the AI investment boom (so far) Torsten Sløk: Stagflation coming Commodity prices, the dollar and stagflation risk Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 07 May 2025 19:51:00 -0000 full 1 163 Stokes Family Office + AI Investment, Stagflation, and the Fed's Role in Market Direction We start by commemorating Warren Buffett's retirement, which marks a significant moment in investing history. We’ll examine his philosophies and Berkshire Hathaway’s remarkable gains under Buffett's leadership. We then shift to the market rebounding after April volatility, noting strong job creation and consumer spending. As tariff-related headlines drive market movements, we look at AI investments, the potential for stagflation, and how the Federal Reserve's decisions will significantly impact market direction. Key Takeaways [0:19] - Warren Buffett's retirement and legacy [08:13] - The market’s rebound after a volatile April [10:54] - AI investments expected to continue despite economic uncertainties [14:06] - Job creation/consumer spending indicate resilience in U.S. economy [15:58] - Are we heading into a time of stagflation? [18:09] - The Fed’s role & positive indicators for future growth View Transcript Links 'Washed up' Warren Buffett has supposedly lost a step. The investor has scored an $11 billion gain on Apple this year. DeepSeek and tariffs fail to undermine the AI investment boom (so far) Torsten Sløk: Stagflation coming Commodity prices, the dollar and stagflation risk Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We start by commemorating Warren Buffett's retirement, which marks a significant moment in investing history. We’ll examine his philosophies and Berkshire Hathaway’s remarkable gains under Buffett's leadership. We then shift to the market rebounding after April volatility, noting strong job creation and consumer spending. As tariff-related headlines drive market movements, we look at AI investments, the potential for stagflation, and how the Federal Reserve's decisions will significantly impact market direction.


Key Takeaways

  • [0:19] - Warren Buffett's retirement and legacy

  • [08:13] - The market’s rebound after a volatile April

  • [10:54] - AI investments expected to continue despite economic uncertainties

  • [14:06] - Job creation/consumer spending indicate resilience in U.S. economy

  • [15:58] - Are we heading into a time of stagflation?

  • [18:09] - The Fed’s role & positive indicators for future growth


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1395 no Climbing the Wall of Worry This week, we look back on an interesting/memorable month as the market experiences a wall of worry, reflecting optimism despite economic disruptions. We look at historical data showing that investing at market tops can still yield positive returns over time. We also advise on why maintaining cash reserves and fixed income is crucial for navigating market volatility, especially for retirees. We’ll then examine the rumors about the dollar, showing why it remains strong and is unlikely to lose its reserve currency status in the near term, and we look at international markets' performance, highlighting the importance of diversification in investment portfolios. Finally, we discuss the correlation between stocks and bonds and why investors should focus on long-term growth rather than short-term market fluctuations.  Key Takeaways [0:19] - Climbing the wall of worry [06:12] - What if the market is wrong? [09:43] - The Dollar's reserve status and global implications [17:31] - Individual stocks & a historical perspective on stock and bond correlation View Transcript Links Empty shelves are coming, Apollo economist says — and so is a 'voluntary' recession What if you only invested at market tops? The Dollar Endures: Strength, Stability, and Global Trust Warren Buffett's net worth grows by $24B in 2025 while $5T vanishes from US markets Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Tue, 29 Apr 2025 21:03:00 -0000 full 1 162 Stokes Family Office Looking back on a month for the record books This week, we look back on an interesting/memorable month as the market experiences a wall of worry, reflecting optimism despite economic disruptions. We look at historical data showing that investing at market tops can still yield positive returns over time. We also advise on why maintaining cash reserves and fixed income is crucial for navigating market volatility, especially for retirees. We’ll then examine the rumors about the dollar, showing why it remains strong and is unlikely to lose its reserve currency status in the near term, and we look at international markets' performance, highlighting the importance of diversification in investment portfolios. Finally, we discuss the correlation between stocks and bonds and why investors should focus on long-term growth rather than short-term market fluctuations.  Key Takeaways [0:19] - Climbing the wall of worry [06:12] - What if the market is wrong? [09:43] - The Dollar's reserve status and global implications [17:31] - Individual stocks & a historical perspective on stock and bond correlation View Transcript Links Empty shelves are coming, Apollo economist says — and so is a 'voluntary' recession What if you only invested at market tops? The Dollar Endures: Strength, Stability, and Global Trust Warren Buffett's net worth grows by $24B in 2025 while $5T vanishes from US markets Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we look back on an interesting/memorable month as the market experiences a wall of worry, reflecting optimism despite economic disruptions. We look at historical data showing that investing at market tops can still yield positive returns over time. We also advise on why maintaining cash reserves and fixed income is crucial for navigating market volatility, especially for retirees. We’ll then examine the rumors about the dollar, showing why it remains strong and is unlikely to lose its reserve currency status in the near term, and we look at international markets' performance, highlighting the importance of diversification in investment portfolios. Finally, we discuss the correlation between stocks and bonds and why investors should focus on long-term growth rather than short-term market fluctuations. 


Key Takeaways

  • [0:19] - Climbing the wall of worry

  • [06:12] - What if the market is wrong?

  • [09:43] - The Dollar's reserve status and global implications

  • [17:31] - Individual stocks & a historical perspective on stock and bond correlation


View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1765 no The Economic Ripple Effect of Tariffs We’re back from Spring Break, and…there’s a lot to catch up on! We dive right into the market volatility driven by tariff-related news and its implications for the economy. We’ll discuss the overwhelming need for certainty, the issues that come with a lack of trade with China, how paring back tariffs would be a business tailwind, and the Fed’s plan to get back to business as usual. We’ll also examine the decoupling of Bitcoin and gold from traditional asset classes and draw parallels to similar, past economic events. Key Takeaways [0:17] - Logistics and economic consequences of tariffs [07:05] - The need for certainty [14:59] - Dollar value, bond yields, bitcoin, and gold [21:02] - Historical parallels View Transcript Links Ryan Peterson: Ocean container bookings from China to the United States are down over 60% industry-wide The Long View: Cullen Roche - What Tariffs Mean for Your Portfolio WSJ: Wealthy buyers are backing out of multimillion-dollar home deals Election betting odds Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 23 Apr 2025 19:03:00 -0000 full Stokes Family Office We’re back from Spring Break, and…there’s a lot to catch up on! We dive right into the market volatility driven by tariff-related news and its implications for the economy. We’ll discuss the overwhelming need for certainty, the issues that come with a lack of trade with China, how paring back tariffs would be a business tailwind, and the Fed’s plan to get back to business as usual. We’ll also examine the decoupling of Bitcoin and gold from traditional asset classes and draw parallels to similar, past economic events. Key Takeaways [0:17] - Logistics and economic consequences of tariffs [07:05] - The need for certainty [14:59] - Dollar value, bond yields, bitcoin, and gold [21:02] - Historical parallels View Transcript Links Ryan Peterson: Ocean container bookings from China to the United States are down over 60% industry-wide The Long View: Cullen Roche - What Tariffs Mean for Your Portfolio WSJ: Wealthy buyers are backing out of multimillion-dollar home deals Election betting odds Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We’re back from Spring Break, and…there’s a lot to catch up on! We dive right into the market volatility driven by tariff-related news and its implications for the economy. We’ll discuss the overwhelming need for certainty, the issues that come with a lack of trade with China, how paring back tariffs would be a business tailwind, and the Fed’s plan to get back to business as usual. We’ll also examine the decoupling of Bitcoin and gold from traditional asset classes and draw parallels to similar, past economic events.



Key Takeaways

  • [0:17] - Logistics and economic consequences of tariffs
  • [07:05] - The need for certainty
  • [14:59] - Dollar value, bond yields, bitcoin, and gold
  • [21:02] - Historical parallels



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1458 no Financial Planning in Times of Stress There’s only one thing to talk about this week. We discuss the recent volatility surrounding tariffs and the implications for investors. We explore historical trends during periods of uncertainty, the opportunities that arise in fixed income investments, and the potential impact of economic uncertainty on consumer behavior. Weeks like this emphasize the importance of financial planning and present the opportunity to reassess investment strategies. Key Takeaways [0:17] - Recapping the last few days post-Liberation Day [04:20] - This has allowed time to assess your current portfolio allocation [07:35] - Fixed income offered a gift [10:20] - What will the ramifications be from the past week? [14:33] - Financial planning in times of stress View Transcript Links Detrick: Adding Liberation Day to a chart of Dow Jones + geopolitical events since 1900 doesn’t look so bad Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 09 Apr 2025 21:06:00 -0000 full Stokes Family Office There’s only one thing to talk about this week. We discuss the recent volatility surrounding tariffs and the implications for investors. We explore historical trends during periods of uncertainty, the opportunities that arise in fixed income investments, and the potential impact of economic uncertainty on consumer behavior. Weeks like this emphasize the importance of financial planning and present the opportunity to reassess investment strategies. Key Takeaways [0:17] - Recapping the last few days post-Liberation Day [04:20] - This has allowed time to assess your current portfolio allocation [07:35] - Fixed income offered a gift [10:20] - What will the ramifications be from the past week? [14:33] - Financial planning in times of stress View Transcript Links Detrick: Adding Liberation Day to a chart of Dow Jones + geopolitical events since 1900 doesn’t look so bad Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. There’s only one thing to talk about this week. We discuss the recent volatility surrounding tariffs and the implications for investors. We explore historical trends during periods of uncertainty, the opportunities that arise in fixed income investments, and the potential impact of economic uncertainty on consumer behavior. Weeks like this emphasize the importance of financial planning and present the opportunity to reassess investment strategies.



Key Takeaways

  • [0:17] - Recapping the last few days post-Liberation Day
  • [04:20] - This has allowed time to assess your current portfolio allocation
  • [07:35] - Fixed income offered a gift
  • [10:20] - What will the ramifications be from the past week?
  • [14:33] - Financial planning in times of stress



View Transcript




Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.



]]> 1077 Q1 Review, Liberation Day Fallout, & A Push For Diversification In the aftermath of “Liberation Day”, we discuss the market reactions to the tariffs announced by the Trump administration, the implications for economic growth, and the importance of diversification in investment strategies. They analyze the current state of the markets, the fear index, and the potential effects of interest rate changes. The discussion emphasizes the need for investors to navigate volatility and maintain a disciplined approach to investing. Key Takeaways [0:17] - Post Liberation Day fallout [04:17] - Understanding trade deficits, reciprocity, and tariff implications [06:23] - Can the yet-to-be announced tax and interest rate policy balance the risk? [08:34] - Will there be a walk-back? [09:39] - Looking at the Trump admin’s goal of pushing down interest rates [11:52] - Reviewing Q1 and continuing to push for diversification View Transcript Links CNN Fear and Greed Index Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 04 Apr 2025 20:41:00 -0000 full Stokes Family Office In the aftermath of “Liberation Day”, we discuss the market reactions to the tariffs announced by the Trump administration, the implications for economic growth, and the importance of diversification in investment strategies. They analyze the current state of the markets, the fear index, and the potential effects of interest rate changes. The discussion emphasizes the need for investors to navigate volatility and maintain a disciplined approach to investing. Key Takeaways [0:17] - Post Liberation Day fallout [04:17] - Understanding trade deficits, reciprocity, and tariff implications [06:23] - Can the yet-to-be announced tax and interest rate policy balance the risk? [08:34] - Will there be a walk-back? [09:39] - Looking at the Trump admin’s goal of pushing down interest rates [11:52] - Reviewing Q1 and continuing to push for diversification View Transcript Links CNN Fear and Greed Index Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. In the aftermath of “Liberation Day”, we discuss the market reactions to the tariffs announced by the Trump administration, the implications for economic growth, and the importance of diversification in investment strategies. They analyze the current state of the markets, the fear index, and the potential effects of interest rate changes. The discussion emphasizes the need for investors to navigate volatility and maintain a disciplined approach to investing.



Key Takeaways

  • [0:17] - Post Liberation Day fallout
  • [04:17] - Understanding trade deficits, reciprocity, and tariff implications
  • [06:23] - Can the yet-to-be announced tax and interest rate policy balance the risk?
  • [08:34] - Will there be a walk-back?
  • [09:39] - Looking at the Trump admin’s goal of pushing down interest rates
  • [11:52] - Reviewing Q1 and continuing to push for diversification



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1107 no Wrapping Up a Choppy Q1 Greg and Doug Stokes discuss a first quarter filled with volatility, focusing on the performance of the Magnificent 7 companies and how market corrections are normal and often lead to better valuations. We’ll analyze consumer sentiment and reflect on historical comparisons to previous market corrections. We’ll also discuss why we welcome periodic volatility, allowing investors time to assess their risk and diversification levels.  Key Takeaways [0:17] - Wrapping up a choppy Q1 [02:52] - The Mag 7 is down 15% so far this year [06:23] - Is this reminiscent of the Vibecession? [09:17] - Or does it feel like Q4 2018? [14:50] - The hype and demand bubbles of AI [18:37] - Why we welcome periods of volatility View Transcript Links CNN Fear and Greed Index Allianz Life Study Finds Inflation and Tariffs Increasingly Worrying Americans University of Michigan’s closely watched Survey of Consumers Microsoft abandons data center projects Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 28 Mar 2025 20:52:00 -0000 full Stokes Family Office Greg and Doug Stokes discuss a first quarter filled with volatility, focusing on the performance of the Magnificent 7 companies and how market corrections are normal and often lead to better valuations. We’ll analyze consumer sentiment and reflect on historical comparisons to previous market corrections. We’ll also discuss why we welcome periodic volatility, allowing investors time to assess their risk and diversification levels.  Key Takeaways [0:17] - Wrapping up a choppy Q1 [02:52] - The Mag 7 is down 15% so far this year [06:23] - Is this reminiscent of the Vibecession? [09:17] - Or does it feel like Q4 2018? [14:50] - The hype and demand bubbles of AI [18:37] - Why we welcome periods of volatility View Transcript Links CNN Fear and Greed Index Allianz Life Study Finds Inflation and Tariffs Increasingly Worrying Americans University of Michigan’s closely watched Survey of Consumers Microsoft abandons data center projects Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes discuss a first quarter filled with volatility, focusing on the performance of the Magnificent 7 companies and how market corrections are normal and often lead to better valuations. We’ll analyze consumer sentiment and reflect on historical comparisons to previous market corrections. We’ll also discuss why we welcome periodic volatility, allowing investors time to assess their risk and diversification levels. 



Key Takeaways

  • [0:17] - Wrapping up a choppy Q1
  • [02:52] - The Mag 7 is down 15% so far this year
  • [06:23] - Is this reminiscent of the Vibecession?
  • [09:17] - Or does it feel like Q4 2018?
  • [14:50] - The hype and demand bubbles of AI
  • [18:37] - Why we welcome periods of volatility



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.



]]> 1297 no The Market Reacts to Fed Day Coming off of Fed Day, we’ll talk about market reactions and the implications for inflation and interest rates. We also explore bond market dynamics, shifts in global market trends, and the resurgence of European markets. We then delve into the housing market insights, from what’s happening here locally in New Orleans to migration trends across various states, highlighting the unique challenges and opportunities in the current economic environment. Key Takeaways [0:17] - Fed Day reactions and why we’re not seeing stagflation  [04:20] - Interest rates and bond market dynamics [8:06] - Shifts in global market trends [09:17] - What spot shipping rates mean for inflation [13:33] - The Mag 7 & why diversification is working [16:41] - Housing market and U.S. migration trends View Transcript Links Truflation MSCI Index performance Invesco S&P 500 Equal Weight ETF Zillow downgrades its 2025 home price forecast Time Out ranks New Orleans as World’s Best Food City Uhaul growth states Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 20 Mar 2025 19:11:00 -0000 The Market Reacts to Fed Day full 1 157 Stokes Family Office Inflation and Interest Rates, Bond and Global Markets, and the U.S. Housing Market Coming off of Fed Day, we’ll talk about market reactions and the implications for inflation and interest rates. We also explore bond market dynamics, shifts in global market trends, and the resurgence of European markets. We then delve into the housing market insights, from what’s happening here locally in New Orleans to migration trends across various states, highlighting the unique challenges and opportunities in the current economic environment. Key Takeaways [0:17] - Fed Day reactions and why we’re not seeing stagflation  [04:20] - Interest rates and bond market dynamics [8:06] - Shifts in global market trends [09:17] - What spot shipping rates mean for inflation [13:33] - The Mag 7 & why diversification is working [16:41] - Housing market and U.S. migration trends View Transcript Links Truflation MSCI Index performance Invesco S&P 500 Equal Weight ETF Zillow downgrades its 2025 home price forecast Time Out ranks New Orleans as World’s Best Food City Uhaul growth states Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Coming off of Fed Day, we’ll talk about market reactions and the implications for inflation and interest rates. We also explore bond market dynamics, shifts in global market trends, and the resurgence of European markets. We then delve into the housing market insights, from what’s happening here locally in New Orleans to migration trends across various states, highlighting the unique challenges and opportunities in the current economic environment.



Key Takeaways

  • [0:17] - Fed Day reactions and why we’re not seeing stagflation 
  • [04:20] - Interest rates and bond market dynamics
  • [8:06] - Shifts in global market trends
  • [09:17] - What spot shipping rates mean for inflation
  • [13:33] - The Mag 7 & why diversification is working
  • [16:41] - Housing market and U.S. migration trends



View Transcript




Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1484 no Diversification Works In a week of sharp decline, we’ll discuss why market corrections are not unusual, volatility is expected, and diversified long-term strategies are key to managing risk. We’ll also talk about the recession narrative, analyze inflation/rate trends, and look at what levers the Fed can pull. We wrap up with a conversation on government efficiency initiatives and what they mean for the job market and the private sector. Key Takeaways [01:10] - Understanding market corrections [05:47] - Recession narratives and what the Fed can do [10:16] - Diversification works [11:52] - Updated outlook on inflation and rates [16:00] - Eliminating gov’t spending + reallocating to the private sector [21:06] - Musk, Tesla, and Magnificent 7 performance View Transcript Links JP Morgan: Average intra-year decline = ~14% Historic S&P 500 corrections since 1965 Fastest market corrections since 1950 Market-implied US recession probability in the next year.. 20% 25% of jobs added in the US economy over the past two years were government jobs, up from 5% in 2021 and 7% in 2022 Unemployment filings up 15% in DMV Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 14 Mar 2025 10:30:00 -0000 Diversification Works full 1 156 Stokes Family Office Market corrections, recession narratives, and government spending In a week of sharp decline, we’ll discuss why market corrections are not unusual, volatility is expected, and diversified long-term strategies are key to managing risk. We’ll also talk about the recession narrative, analyze inflation/rate trends, and look at what levers the Fed can pull. We wrap up with a conversation on government efficiency initiatives and what they mean for the job market and the private sector. Key Takeaways [01:10] - Understanding market corrections [05:47] - Recession narratives and what the Fed can do [10:16] - Diversification works [11:52] - Updated outlook on inflation and rates [16:00] - Eliminating gov’t spending + reallocating to the private sector [21:06] - Musk, Tesla, and Magnificent 7 performance View Transcript Links JP Morgan: Average intra-year decline = ~14% Historic S&P 500 corrections since 1965 Fastest market corrections since 1950 Market-implied US recession probability in the next year.. 20% 25% of jobs added in the US economy over the past two years were government jobs, up from 5% in 2021 and 7% in 2022 Unemployment filings up 15% in DMV Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. In a week of sharp decline, we’ll discuss why market corrections are not unusual, volatility is expected, and diversified long-term strategies are key to managing risk. We’ll also talk about the recession narrative, analyze inflation/rate trends, and look at what levers the Fed can pull. We wrap up with a conversation on government efficiency initiatives and what they mean for the job market and the private sector.



Key Takeaways

  • [01:10] - Understanding market corrections
  • [05:47] - Recession narratives and what the Fed can do
  • [10:16] - Diversification works
  • [11:52] - Updated outlook on inflation and rates
  • [16:00] - Eliminating gov’t spending + reallocating to the private sector
  • [21:06] - Musk, Tesla, and Magnificent 7 performance




View Transcript




Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1539 no Historical Context On Market Blips With the news swirling about S&P 500 declines, we dig into why market corrections are a normal part of financial cycles and why diversification is proving effective in the current environment. We’ll also dig into the performance of international markets, interest rate predictions, inflation vs. stagnation arguments, tariffs, jobs, and more. Key Takeaways [00:17] - What’s going on with the market correction and are we concerned? [04:51] - Corrections happen as part of a normal functioning market [08:40] - A narrative change on the rate-cutting equation [10:16] - Inflation and stagflation [12:35] - Jobs report, tariffs, and market predictors View Transcript Links Average S&P 500 declines per year About ⅓ of the 5%+ selloffs are blips on the radar Tom Lee: buy now, huge rally coming 2025 returns by country 59% of investors expect stagflation. But stagflation is avoided 95% of the time. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 07 Mar 2025 17:56:41 -0000 Historical Context On Market Blips full 1 155 Stokes Family Office With the news swirling about S&P 500 declines, we dig into why market corrections are a normal part of financial cycles and why diversification is proving effective in the current environment. We’ll also dig into the performance of international markets, interest rate predictions, inflation vs. stagnation arguments, tariffs, jobs, and more. Key Takeaways [00:17] - What’s going on with the market correction and are we concerned? [04:51] - Corrections happen as part of a normal functioning market [08:40] - A narrative change on the rate-cutting equation [10:16] - Inflation and stagflation [12:35] - Jobs report, tariffs, and market predictors View Transcript Links Average S&P 500 declines per year About ⅓ of the 5%+ selloffs are blips on the radar Tom Lee: buy now, huge rally coming 2025 returns by country 59% of investors expect stagflation. But stagflation is avoided 95% of the time. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. With the news swirling about S&P 500 declines, we dig into why market corrections are a normal part of financial cycles and why diversification is proving effective in the current environment. We’ll also dig into the performance of international markets, interest rate predictions, inflation vs. stagnation arguments, tariffs, jobs, and more.


Key Takeaways

  • [00:17] - What’s going on with the market correction and are we concerned?
  • [04:51] - Corrections happen as part of a normal functioning market
  • [08:40] - A narrative change on the rate-cutting equation
  • [10:16] - Inflation and stagflation
  • [12:35] - Jobs report, tariffs, and market predictors



View Transcript



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 943 no Mardi Gras Parades are Rolling While the Market Slows Although we’re only 3-4% off market highs, investor sentiment has recently turned quite bearish, especially given a turbulent macro environment. We’ll look back on the first two months of the year, analyzing the fluctuations in the S&P 500, crypto, global tensions, and the reversal of inflation narratives. We’ll also examine why it feels like everything you thought you’d be bullish about under a Trump presidency, you should have been bearish about, and vice versa. Before we head out to more parades, we’ll finish by talking about the unknowns in the market and why it's important to maintain a sound strategy that's relative to your particular situation and your goals Key Takeaways [00:17] - Why we’re seeing/hearing so much negative market sentiment [06:42] - China, Crypto, Trump & the financial theme for the first two months of 2025 [10:20] - Ukraine, Russia, & how the market is reacting to geopolitical tensions [15:05] - The unknown is the major risk to the market  View Transcript Links CNN Fear & Greed Index Roche: Trump policies are disinflationary Strazza: I'm Bearish Crypto Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 28 Feb 2025 01:08:11 -0000 Mardi Gras Parades are Rolling While the Market Slows full 1 154 Stokes Family Office Although we’re only 3-4% off market highs, investor sentiment has recently turned quite bearish, especially given a turbulent macro environment. We’ll look back on the first two months of the year, analyzing the fluctuations in the S&P 500, crypto, global tensions, and the reversal of inflation narratives. We’ll also examine why it feels like everything you thought you’d be bullish about under a Trump presidency, you should have been bearish about, and vice versa. Before we head out to more parades, we’ll finish by talking about the unknowns in the market and why it's important to maintain a sound strategy that's relative to your particular situation and your goals Key Takeaways [00:17] - Why we’re seeing/hearing so much negative market sentiment [06:42] - China, Crypto, Trump & the financial theme for the first two months of 2025 [10:20] - Ukraine, Russia, & how the market is reacting to geopolitical tensions [15:05] - The unknown is the major risk to the market  View Transcript Links CNN Fear & Greed Index Roche: Trump policies are disinflationary Strazza: I'm Bearish Crypto Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Although we’re only 3-4% off market highs, investor sentiment has recently turned quite bearish, especially given a turbulent macro environment. We’ll look back on the first two months of the year, analyzing the fluctuations in the S&P 500, crypto, global tensions, and the reversal of inflation narratives. We’ll also examine why it feels like everything you thought you’d be bullish about under a Trump presidency, you should have been bearish about, and vice versa. Before we head out to more parades, we’ll finish by talking about the unknowns in the market and why it's important to maintain a sound strategy that's relative to your particular situation and your goals



Key Takeaways

  • [00:17] - Why we’re seeing/hearing so much negative market sentiment
  • [06:42] - China, Crypto, Trump & the financial theme for the first two months of 2025
  • [10:20] - Ukraine, Russia, & how the market is reacting to geopolitical tensions
  • [15:05] - The unknown is the major risk to the market 



View Transcript



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Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1132 no Can the Bull Market Deliver Another 20% Year? Throw me something, mister! It’s Mardi Gras time in New Orleans, and we’ll talk about what that means for the city’s culture and what a great family-friendly time it is. We then transition to a broader discussion on the surprising resilience of the Chinese economy and why a positive January and February often predict a strong year ahead. The conversation shifts to the cryptocurrency market, particularly meme coins, and the potential risks involved. We also hit on the demographic challenges in Europe and how these affect economic growth. Finally, we delve into the AI boom and who benefits from overhyped markets. Key Takeaways [00:17] - Excitement for Mardi Gras here in New Orleans [04:00] - Stock market highs + the Chinese economy’s unexpected resilience [07:23] - Are we looking at back-to-back-to-back 20%+ years? [10:00] - The riskiness of Crypto and Meme Coins [14:40] - Demographic challenges in Europe may hinder economic growth [20:05] - AI, cannabis, and who benefits from overhyped markets View Transcript Links Faber: Think differently about global diversification Morgan Stanley Drops Bearish China Stocks Call, Lifts Target 22% Detrick: A Higher January & February Could Mean the Bull Continues Mapped: Europe’s Population Crash Legalized pot turned out to be a stunningly horrible investment Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 20 Feb 2025 20:04:46 -0000 Can the Bull Market Deliver Another 20% Year? full 1 153 Stokes Family Office Throw me something, mister! It’s Mardi Gras time in New Orleans, and we’ll talk about what that means for the city’s culture and what a great family-friendly time it is. We then transition to a broader discussion on the surprising resilience of the Chinese economy and why a positive January and February often predict a strong year ahead. The conversation shifts to the cryptocurrency market, particularly meme coins, and the potential risks involved. We also hit on the demographic challenges in Europe and how these affect economic growth. Finally, we delve into the AI boom and who benefits from overhyped markets. Key Takeaways [00:17] - Excitement for Mardi Gras here in New Orleans [04:00] - Stock market highs + the Chinese economy’s unexpected resilience [07:23] - Are we looking at back-to-back-to-back 20%+ years? [10:00] - The riskiness of Crypto and Meme Coins [14:40] - Demographic challenges in Europe may hinder economic growth [20:05] - AI, cannabis, and who benefits from overhyped markets View Transcript Links Faber: Think differently about global diversification Morgan Stanley Drops Bearish China Stocks Call, Lifts Target 22% Detrick: A Higher January & February Could Mean the Bull Continues Mapped: Europe’s Population Crash Legalized pot turned out to be a stunningly horrible investment Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Throw me something, mister! It’s Mardi Gras time in New Orleans, and we’ll talk about what that means for the city’s culture and what a great family-friendly time it is. We then transition to a broader discussion on the surprising resilience of the Chinese economy and why a positive January and February often predict a strong year ahead. The conversation shifts to the cryptocurrency market, particularly meme coins, and the potential risks involved. We also hit on the demographic challenges in Europe and how these affect economic growth. Finally, we delve into the AI boom and who benefits from overhyped markets.


Key Takeaways

  • [00:17] - Excitement for Mardi Gras here in New Orleans
  • [04:00] - Stock market highs + the Chinese economy’s unexpected resilience
  • [07:23] - Are we looking at back-to-back-to-back 20%+ years?
  • [10:00] - The riskiness of Crypto and Meme Coins
  • [14:40] - Demographic challenges in Europe may hinder economic growth
  • [20:05] - AI, cannabis, and who benefits from overhyped markets



View Transcript



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1650 no A Valentine’s Week Look at Inflation, CPI, Small Caps, & Real Estate We begin this week by discussing the two biggest stories: inflation and tariffs. We’ll also delve into the performance of retail stocks, the influence of GLP-1 medications on fast food sales, and the performance of small caps and international markets. We’ll then dive into how shelter continues to drive CPI numbers and the contrasting dynamics of commercial and residential real estate markets. Key Takeaways [02:25] - Tariff rates on other countries vs. those on the U.S. [04:00] - The CPI story remains *mostly* about shelter [07:23] - Counter-narratives to what's going to happen with a Trump presidency [08:43] - The impact of GLP-1 medications on fast food [12:58] - Small caps and International market performance [12:08] - Current and future outlook on real estate markets View Transcript Links Weighted average effective tariff rates  Roche: CPI in 60 seconds No more cuts.. barring a recession Small Caps are undervalued relative to the S&P 500 As buyers fail to show up, more homes are being pulled from sale Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 13 Feb 2025 20:58:23 -0000 A Valentine’s Week Look at Inflation, CPI, Small Caps, & Real Estate full 1 152 Stokes Family Office We begin this week by discussing the two biggest stories: inflation and tariffs. We’ll also delve into the performance of retail stocks, the influence of GLP-1 medications on fast food sales, and the performance of small caps and international markets. We’ll then dive into how shelter continues to drive CPI numbers and the contrasting dynamics of commercial and residential real estate markets. Key Takeaways [02:25] - Tariff rates on other countries vs. those on the U.S. [04:00] - The CPI story remains *mostly* about shelter [07:23] - Counter-narratives to what's going to happen with a Trump presidency [08:43] - The impact of GLP-1 medications on fast food [12:58] - Small caps and International market performance [12:08] - Current and future outlook on real estate markets View Transcript Links Weighted average effective tariff rates  Roche: CPI in 60 seconds No more cuts.. barring a recession Small Caps are undervalued relative to the S&P 500 As buyers fail to show up, more homes are being pulled from sale Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We begin this week by discussing the two biggest stories: inflation and tariffs. We’ll also delve into the performance of retail stocks, the influence of GLP-1 medications on fast food sales, and the performance of small caps and international markets. We’ll then dive into how shelter continues to drive CPI numbers and the contrasting dynamics of commercial and residential real estate markets.



Key Takeaways

  • [02:25] - Tariff rates on other countries vs. those on the U.S.
  • [04:00] - The CPI story remains *mostly* about shelter
  • [07:23] - Counter-narratives to what's going to happen with a Trump presidency
  • [08:43] - The impact of GLP-1 medications on fast food
  • [12:58] - Small caps and International market performance
  • [12:08] - Current and future outlook on real estate markets




View Transcript




Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1540 no It’s Super Bowl Weekend in New Orleans! Our daily commutes include celebrity sightings these days which means it’s Super Bowl time in New Orleans. We’ll discuss the big game and why the Big Easy is such a great host. We’ll also give our analysis of market volatility given the recent jobs report, political movement, and AI developments. We’ll finish with the importance of long-term investment strategies, and the psychological factors such as recency bias that influence investor behavior. Key Takeaways [00:17] - Celebrity sightings in New Orleans [04:06] - Nola is great at hosting Super Bowls + bad things happen in the markets when the Eagles win [06:46] - Inflationary concerns, truflation and the impact of housing [10:26] - Chinese stocks + American AI spend [14:47] - The short-termism of social media and market prognosticators [18:25] - Why we believe in long-term strategies with a diversified portfolio View Transcript Links January Jobs Report Sean Payton loves the Superdome and New Orleans as a host A market-related reason to root for the Chiefs Goldman's Core Inflation Tracker is smack-dab at the Fed's 2% target Truflation New Tenant Rents declined on a YoY basis for the first time since 2Q10 From 1900-2020, in how many decades did US stocks outperform a global equal weight? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 07 Feb 2025 20:03:35 -0000 It’s Super Bowl Weekend in New Orleans! full 1 151 Stokes Family Office Our daily commutes include celebrity sightings these days which means it’s Super Bowl time in New Orleans. We’ll discuss the big game and why the Big Easy is such a great host. We’ll also give our analysis of market volatility given the recent jobs report, political movement, and AI developments. We’ll finish with the importance of long-term investment strategies, and the psychological factors such as recency bias that influence investor behavior. Key Takeaways [00:17] - Celebrity sightings in New Orleans [04:06] - Nola is great at hosting Super Bowls + bad things happen in the markets when the Eagles win [06:46] - Inflationary concerns, truflation and the impact of housing [10:26] - Chinese stocks + American AI spend [14:47] - The short-termism of social media and market prognosticators [18:25] - Why we believe in long-term strategies with a diversified portfolio View Transcript Links January Jobs Report Sean Payton loves the Superdome and New Orleans as a host A market-related reason to root for the Chiefs Goldman's Core Inflation Tracker is smack-dab at the Fed's 2% target Truflation New Tenant Rents declined on a YoY basis for the first time since 2Q10 From 1900-2020, in how many decades did US stocks outperform a global equal weight? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Our daily commutes include celebrity sightings these days which means it’s Super Bowl time in New Orleans. We’ll discuss the big game and why the Big Easy is such a great host. We’ll also give our analysis of market volatility given the recent jobs report, political movement, and AI developments. We’ll finish with the importance of long-term investment strategies, and the psychological factors such as recency bias that influence investor behavior.


Key Takeaways

  • [00:17] - Celebrity sightings in New Orleans
  • [04:06] - Nola is great at hosting Super Bowls + bad things happen in the markets when the Eagles win
  • [06:46] - Inflationary concerns, truflation and the impact of housing
  • [10:26] - Chinese stocks + American AI spend
  • [14:47] - The short-termism of social media and market prognosticators
  • [18:25] - Why we believe in long-term strategies with a diversified portfolio



View Transcript



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1444 no Recapping a Wild Week in AI Markets Episode 150! As we look out our window watching New Orleans prepare and improve before the Super Bowl, we delve into the recent turmoil in the AI market, particularly the impact of a Chinese company's AI announcement on major tech stocks like Nvidia and Broadcom. Our discussion emphasizes the importance of market expectations and the potential for volatility in tech stocks, drawing parallels to past large shifts like the beginning of the Internet age. Key Takeaways [00:17] - New Orleans prepares for the Super Bowl [05:10] - Empathizing with Bills fans over NFL referees [08:07] - AI market volatility due to new competitors [10:18] - Replication vs. innovation, China/DeepSeek’s AI Models [17:07] - Market breadth after tech’s Black Monday [18:50] - Expectations vs. reality for tech stocks View Transcript Links Nvidia just had the largest single-day market cap decrease in stock market history AI disruption from DeepSeek How far tech stocks are away from all-time highs European banks have outperformed the Mag 7 over the past two years Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 30 Jan 2025 19:18:35 -0000 Recapping a Wild Week in AI Markets full 1 150 Stokes Family Office Episode 150! As we look out our window watching New Orleans prepare and improve before the Super Bowl, we delve into the recent turmoil in the AI market, particularly the impact of a Chinese company's AI announcement on major tech stocks like Nvidia and Broadcom. Our discussion emphasizes the importance of market expectations and the potential for volatility in tech stocks, drawing parallels to past large shifts like the beginning of the Internet age. Key Takeaways [00:17] - New Orleans prepares for the Super Bowl [05:10] - Empathizing with Bills fans over NFL referees [08:07] - AI market volatility due to new competitors [10:18] - Replication vs. innovation, China/DeepSeek’s AI Models [17:07] - Market breadth after tech’s Black Monday [18:50] - Expectations vs. reality for tech stocks View Transcript Links Nvidia just had the largest single-day market cap decrease in stock market history AI disruption from DeepSeek How far tech stocks are away from all-time highs European banks have outperformed the Mag 7 over the past two years Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Episode 150! As we look out our window watching New Orleans prepare and improve before the Super Bowl, we delve into the recent turmoil in the AI market, particularly the impact of a Chinese company's AI announcement on major tech stocks like Nvidia and Broadcom. Our discussion emphasizes the importance of market expectations and the potential for volatility in tech stocks, drawing parallels to past large shifts like the beginning of the Internet age.


Key Takeaways

  • [00:17] - New Orleans prepares for the Super Bowl
  • [05:10] - Empathizing with Bills fans over NFL referees
  • [08:07] - AI market volatility due to new competitors
  • [10:18] - Replication vs. innovation, China/DeepSeek’s AI Models
  • [17:07] - Market breadth after tech’s Black Monday
  • [18:50] - Expectations vs. reality for tech stocks



View Transcript



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1440 no Snowmageddon in New Orleans We’re snowed in! We’ll discuss our experiences during a once-in-a-lifetime snow in New Orleans, analyze market reactions to Trump's presidency, and give prudent investment approaches as experts try to “predict corrections”. Plus NFL Championship weekend predictions. Key Takeaways [00:17] - Making memories during a rare snow in New Orleans [05:35] - Market reactions to Trump’s inauguration [08:00] - Expectations as we transition from Biden to Trump terms [11:40] - Can we take anything from Trump’s first term as we head into his second? [17:40] - NFL Playoff predictions View Transcript Links Satellite images of snow in the Deep South Baton Rouge, LA has received 2x snowfall as Anchorage, AK Peter Lynch on anticipating corrections Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 24 Jan 2025 14:38:54 -0000 Snowmageddon in New Orleans full 1 149 Stokes Family Office We’re snowed in! We’ll discuss our experiences during a once-in-a-lifetime snow in New Orleans, analyze market reactions to Trump's presidency, and give prudent investment approaches as experts try to “predict corrections”. Plus NFL Championship weekend predictions. Key Takeaways [00:17] - Making memories during a rare snow in New Orleans [05:35] - Market reactions to Trump’s inauguration [08:00] - Expectations as we transition from Biden to Trump terms [11:40] - Can we take anything from Trump’s first term as we head into his second? [17:40] - NFL Playoff predictions View Transcript Links Satellite images of snow in the Deep South Baton Rouge, LA has received 2x snowfall as Anchorage, AK Peter Lynch on anticipating corrections Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We’re snowed in! We’ll discuss our experiences during a once-in-a-lifetime snow in New Orleans, analyze market reactions to Trump's presidency, and give prudent investment approaches as experts try to “predict corrections”. Plus NFL Championship weekend predictions.


Key Takeaways

  • [00:17] - Making memories during a rare snow in New Orleans
  • [05:35] - Market reactions to Trump’s inauguration
  • [08:00] - Expectations as we transition from Biden to Trump terms
  • [11:40] - Can we take anything from Trump’s first term as we head into his second?
  • [17:40] - NFL Playoff predictions



View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1369 no Bonds and Bourbon Greg and Doug continue last week’s conversation on bond market intrigue so far in 2025. They explore the implications of rising interest rates on bonds and the attractiveness of fixed-income investments compared to equities. The conversation also touches on changing consumer behaviors, particularly with alcohol consumption, and how these trends may affect related markets/investments. Key Takeaways [00:17] - The bond market continues to interest us most in 2025 [07:23] - How bonds are affecting asset and pension managers [13:19] - Stocks vs. bonds long-term [15:02] - Trends in alcohol consumption + social behaviors and market implications View Transcript Links 20-year investment grade corporate bonds are yielding 6.22% Goldman's call is 3% annualized over the next decade Valuation is not a timing tool, but it is an expectation tool Harry Caray’s drinking diary Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 16 Jan 2025 21:07:00 -0000 Bonds and Bourbon full 1 148 Stokes Family Office Greg and Doug continue last week’s conversation on bond market intrigue so far in 2025. They explore the implications of rising interest rates on bonds and the attractiveness of fixed-income investments compared to equities. The conversation also touches on changing consumer behaviors, particularly with alcohol consumption, and how these trends may affect related markets/investments. Key Takeaways [00:17] - The bond market continues to interest us most in 2025 [07:23] - How bonds are affecting asset and pension managers [13:19] - Stocks vs. bonds long-term [15:02] - Trends in alcohol consumption + social behaviors and market implications View Transcript Links 20-year investment grade corporate bonds are yielding 6.22% Goldman's call is 3% annualized over the next decade Valuation is not a timing tool, but it is an expectation tool Harry Caray’s drinking diary Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug continue last week’s conversation on bond market intrigue so far in 2025. They explore the implications of rising interest rates on bonds and the attractiveness of fixed-income investments compared to equities. The conversation also touches on changing consumer behaviors, particularly with alcohol consumption, and how these trends may affect related markets/investments.


Key Takeaways

  • [00:17] - The bond market continues to interest us most in 2025
  • [07:23] - How bonds are affecting asset and pension managers
  • [13:19] - Stocks vs. bonds long-term
  • [15:02] - Trends in alcohol consumption + social behaviors and market implications



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1363 no The First Episode of 2025 Doug and Greg begin with reflections on recent tragedies, including a terrorist attack in New Orleans and the devastating wildfires in California. They discuss the significant movements in the bond market, the ongoing housing affordability crisis, and the implications of rising interest rates and inflation. The conversation also touches on the performance of international markets and the resilience of the American economy, highlighting the importance of innovation and risk-taking in driving economic growth. Thu, 09 Jan 2025 22:01:01 -0000 The First Episode of 2025 full 1 147 Stokes Family Office Doug and Greg begin with reflections on recent tragedies, including a terrorist attack in New Orleans and the devastating wildfires in California. They discuss the significant movements in the bond market, the ongoing housing affordability crisis, and the implications of rising interest rates and inflation. The conversation also touches on the performance of international markets and the resilience of the American economy, highlighting the importance of innovation and risk-taking in driving economic growth. Doug and Greg begin with reflections on recent tragedies, including a terrorist attack in New Orleans and the devastating wildfires in California. They discuss the significant movements in the bond market, the ongoing housing affordability crisis, and the implications of rising interest rates and inflation. The conversation also touches on the performance of international markets and the resilience of the American economy, highlighting the importance of innovation and risk-taking in driving economic growth.

]]> 1612 no Argentina's Economic Transformation: A Convo With Santiago Solanet Greg and Doug welcome back Santiago Solanet to discuss the current economic landscape of Argentina following the election of Javier Milei, nicknamed the Chainsaw President. They explore the historical context of Argentina's financial struggles, the impact of Milei's presidency, and the potential for investment opportunities. Santiago provides insights into the shift from socialist policies to economic reform, the challenges ahead for Milei's administration, and how he’s potentially providing a playbook for the Trump administration. Santiago compares Argentina to the rest of Latin America and speaks on the local hope and optimism surrounding Argentina's future as it navigates its complex political and economic landscape. Key Takeaways [00:17] - The impact of Javier Milei's presidency [05:08] - Historical context of Argentina's economic struggles [12:51] - The shift from socialism to economic reform [17:00] - The upside of Argentine investment opportunities [23:23] - Incredible oil production + the quest for fiscal surplus [27:06] - Why an angry electorate chose a chainsaw president [31:15] - Upcoming challenges and plans for Milei's administration [32:47] - Are Trump/Musk following Milei’s playbook? [37:10] - Comparing Argentina to the rest of Latin America View Transcript Links Understanding Argentinian Markets with Santiago Solanet Argentina’s economy exits recession in milestone for Javier Milei Argentina's Vaca Muerta could pump 1 million barrels per day of crude by 2030 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 26 Dec 2024 11:00:00 -0000 Argentina's Economic Transformation: A Convo With Santiago Solanet full 1 146 Stokes Family Office Greg and Doug welcome back Santiago Solanet to discuss the current economic landscape of Argentina following the election of Javier Milei, nicknamed the Chainsaw President. They explore the historical context of Argentina's financial struggles, the impact of Milei's presidency, and the potential for investment opportunities. Santiago provides insights into the shift from socialist policies to economic reform, the challenges ahead for Milei's administration, and how he’s potentially providing a playbook for the Trump administration. Santiago compares Argentina to the rest of Latin America and speaks on the local hope and optimism surrounding Argentina's future as it navigates its complex political and economic landscape. Key Takeaways [00:17] - The impact of Javier Milei's presidency [05:08] - Historical context of Argentina's economic struggles [12:51] - The shift from socialism to economic reform [17:00] - The upside of Argentine investment opportunities [23:23] - Incredible oil production + the quest for fiscal surplus [27:06] - Why an angry electorate chose a chainsaw president [31:15] - Upcoming challenges and plans for Milei's administration [32:47] - Are Trump/Musk following Milei’s playbook? [37:10] - Comparing Argentina to the rest of Latin America View Transcript Links Understanding Argentinian Markets with Santiago Solanet Argentina’s economy exits recession in milestone for Javier Milei Argentina's Vaca Muerta could pump 1 million barrels per day of crude by 2030 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug welcome back Santiago Solanet to discuss the current economic landscape of Argentina following the election of Javier Milei, nicknamed the Chainsaw President. They explore the historical context of Argentina's financial struggles, the impact of Milei's presidency, and the potential for investment opportunities. Santiago provides insights into the shift from socialist policies to economic reform, the challenges ahead for Milei's administration, and how he’s potentially providing a playbook for the Trump administration. Santiago compares Argentina to the rest of Latin America and speaks on the local hope and optimism surrounding Argentina's future as it navigates its complex political and economic landscape.



Key Takeaways

  • [00:17] - The impact of Javier Milei's presidency
  • [05:08] - Historical context of Argentina's economic struggles
  • [12:51] - The shift from socialism to economic reform
  • [17:00] - The upside of Argentine investment opportunities
  • [23:23] - Incredible oil production + the quest for fiscal surplus
  • [27:06] - Why an angry electorate chose a chainsaw president
  • [31:15] - Upcoming challenges and plans for Milei's administration
  • [32:47] - Are Trump/Musk following Milei’s playbook?
  • [37:10] - Comparing Argentina to the rest of Latin America




View Transcript




Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 2931 no Finding Value When the Market Feels Frothy After a brief chat about Elf on the Shelf and TV recommendations, we dive into the current state of the markets to find pockets of value when valuations can feel stretched. We’ll also discuss the concentration of returns in the S&P 500 and the continuing bullish sentiment among investors. With Elon Musk at the forefront, we highlight America's tech dominance, particularly in data centers and innovation, and share our excitement for the future of technology and investment opportunities. Key Takeaways [00:17] - Elf on the Shelf + TV recs [01:53] - Finding pockets of market value [05:34] - The concentration of S&P 500 returns [08:38] - The market effect of quantum computing [11:03] - Bullish signals + market corrections [15:48] - Elon’s wealth + tech initiatives  [21:22] - Excitement for the future View Transcript Links Vanguard: Risk Asset valuations are stretched, but opportunities exist. Nomura: Why the S&P is up past two weeks Super bullish Bank of America Fund Manager survey BofA: Just 31% of stocks in the S&P 500 are outperforming the index in 2024 Elon Musk is now Warren Buffet Richer than Jeff Bezos Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 19 Dec 2024 15:00:33 -0000 Finding Value When the Market Feels Frothy full 1 145 Stokes Family Office After a brief chat about Elf on the Shelf and TV recommendations, we dive into the current state of the markets to find pockets of value when valuations can feel stretched. We’ll also discuss the concentration of returns in the S&P 500 and the continuing bullish sentiment among investors. With Elon Musk at the forefront, we highlight America's tech dominance, particularly in data centers and innovation, and share our excitement for the future of technology and investment opportunities. Key Takeaways [00:17] - Elf on the Shelf + TV recs [01:53] - Finding pockets of market value [05:34] - The concentration of S&P 500 returns [08:38] - The market effect of quantum computing [11:03] - Bullish signals + market corrections [15:48] - Elon’s wealth + tech initiatives  [21:22] - Excitement for the future View Transcript Links Vanguard: Risk Asset valuations are stretched, but opportunities exist. Nomura: Why the S&P is up past two weeks Super bullish Bank of America Fund Manager survey BofA: Just 31% of stocks in the S&P 500 are outperforming the index in 2024 Elon Musk is now Warren Buffet Richer than Jeff Bezos Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. After a brief chat about Elf on the Shelf and TV recommendations, we dive into the current state of the markets to find pockets of value when valuations can feel stretched. We’ll also discuss the concentration of returns in the S&P 500 and the continuing bullish sentiment among investors. With Elon Musk at the forefront, we highlight America's tech dominance, particularly in data centers and innovation, and share our excitement for the future of technology and investment opportunities.



Key Takeaways

  • [00:17] - Elf on the Shelf + TV recs
  • [01:53] - Finding pockets of market value
  • [05:34] - The concentration of S&P 500 returns
  • [08:38] - The market effect of quantum computing
  • [11:03] - Bullish signals + market corrections
  • [15:48] - Elon’s wealth + tech initiatives 
  • [21:22] - Excitement for the future



View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1535 no It’s Analyst Forecast Season This week, we’ll begin our year-in-review as the analyst forecasts for 2025 start rolling in. We’ll balance those predictions by examining the volatility of the S&P 500 and the market’s historical performance. We’ll also continue our cryptocurrency conversation by considering it a speculative asset similar to gold while so much of it has no utility. We end with a historical look at markets in year 1 of presidential terms and how that data, coupled with the earnings variable, may predict a slight pullback. Key Takeaways [00:17] - It’s analysts’ prediction season [02:56] - Earnings are the big variable in forecasting [10:48] - Treating Bitcoin as a speculative asset similar to gold [13:19] - Many new cryptocurrencies are scammy and lack utility [19:08] - Why history tells us there could be a pullback in 2025  View Transcript Links Roche: The average gain in an up year for the stock market since 1928 is +21%. The average loss in a down year in that same timeframe was -13%. Ro: 22 eye-catching charts as we consider what's next for the stock market Factset Earnings Insight Hedgeye: Fartcoin's market cap is now greater than 38% of all American publicly-traded companies. Tulipmania: About the Dutch Tulip Bulb Market Bubble Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 13 Dec 2024 18:17:33 -0000 It’s Analyst Forecast Season full 1 144 Stokes Family Office This week, we’ll begin our year-in-review as the analyst forecasts for 2025 start rolling in. We’ll balance those predictions by examining the volatility of the S&P 500 and the market’s historical performance. We’ll also continue our cryptocurrency conversation by considering it a speculative asset similar to gold while so much of it has no utility. We end with a historical look at markets in year 1 of presidential terms and how that data, coupled with the earnings variable, may predict a slight pullback. Key Takeaways [00:17] - It’s analysts’ prediction season [02:56] - Earnings are the big variable in forecasting [10:48] - Treating Bitcoin as a speculative asset similar to gold [13:19] - Many new cryptocurrencies are scammy and lack utility [19:08] - Why history tells us there could be a pullback in 2025  View Transcript Links Roche: The average gain in an up year for the stock market since 1928 is +21%. The average loss in a down year in that same timeframe was -13%. Ro: 22 eye-catching charts as we consider what's next for the stock market Factset Earnings Insight Hedgeye: Fartcoin's market cap is now greater than 38% of all American publicly-traded companies. Tulipmania: About the Dutch Tulip Bulb Market Bubble Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we’ll begin our year-in-review as the analyst forecasts for 2025 start rolling in. We’ll balance those predictions by examining the volatility of the S&P 500 and the market’s historical performance. We’ll also continue our cryptocurrency conversation by considering it a speculative asset similar to gold while so much of it has no utility. We end with a historical look at markets in year 1 of presidential terms and how that data, coupled with the earnings variable, may predict a slight pullback.


Key Takeaways

  • [00:17] - It’s analysts’ prediction season
  • [02:56] - Earnings are the big variable in forecasting
  • [10:48] - Treating Bitcoin as a speculative asset similar to gold
  • [13:19] - Many new cryptocurrencies are scammy and lack utility
  • [19:08] - Why history tells us there could be a pullback in 2025 



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1494 no The Growing Gap Between U.S. and International Economies We’re bouncing around this week, starting with the recent surge in Bitcoin and market enthusiasm, although maybe not market-wide. We'll analyze valuations and dig into why the S&P 500's growth is largely driven by earnings and dividends. The conversation shifts to the comparison between US and international markets, highlighting the challenges faced by European economies and the growing wealth disparity between the US and Europe. We'll conclude with a historic market run and what history says that could mean for the future. Key Takeaways [00:17] - Enthusiasm is evident, but it’s not market-wide [06:30] - Why this isn’t a bubble [09:16] - U.S. business environment allows our markets to outperform international [16:28] - Wealth disparity between the US and Europe is widening [21:15] - S&P 500 is poised for its second positive 20% year in a row View Transcript Links Detrick: S&P 500 up 98% since the end of 2019, but many think we are in a bubble. Republicans and Democrats have starkly different inflation expectations Russell 2000 is up 10% in the last month France is up 9% in the last 24 years The S&P 500 being up >20% for two consecutive years has only happened four times in the past 150 years. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 06 Dec 2024 19:30:08 -0000 The Growing Gap Between U.S. and International Economies full 1 143 Stokes Family Office We’re bouncing around this week, starting with the recent surge in Bitcoin and market enthusiasm, although maybe not market-wide. We'll analyze valuations and dig into why the S&P 500's growth is largely driven by earnings and dividends. The conversation shifts to the comparison between US and international markets, highlighting the challenges faced by European economies and the growing wealth disparity between the US and Europe. We'll conclude with a historic market run and what history says that could mean for the future. Key Takeaways [00:17] - Enthusiasm is evident, but it’s not market-wide [06:30] - Why this isn’t a bubble [09:16] - U.S. business environment allows our markets to outperform international [16:28] - Wealth disparity between the US and Europe is widening [21:15] - S&P 500 is poised for its second positive 20% year in a row View Transcript Links Detrick: S&P 500 up 98% since the end of 2019, but many think we are in a bubble. Republicans and Democrats have starkly different inflation expectations Russell 2000 is up 10% in the last month France is up 9% in the last 24 years The S&P 500 being up >20% for two consecutive years has only happened four times in the past 150 years. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. We’re bouncing around this week, starting with the recent surge in Bitcoin and market enthusiasm, although maybe not market-wide. We'll analyze valuations and dig into why the S&P 500's growth is largely driven by earnings and dividends. The conversation shifts to the comparison between US and international markets, highlighting the challenges faced by European economies and the growing wealth disparity between the US and Europe. We'll conclude with a historic market run and what history says that could mean for the future.



Key Takeaways

  • [00:17] - Enthusiasm is evident, but it’s not market-wide
  • [06:30] - Why this isn’t a bubble
  • [09:16] - U.S. business environment allows our markets to outperform international
  • [16:28] - Wealth disparity between the US and Europe is widening
  • [21:15] - S&P 500 is poised for its second positive 20% year in a row



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1487 no The Growth of AI, Crypto, and Small-Caps Doug and Greg Stokes begin this week's discussion with NVIDIA's recent earnings report, the ongoing AI race, and the implications of new data centers. They explore the characteristics of market bubbles, particularly in the context of AI and cryptocurrency, and analyze the performance of small-cap stocks versus large-cap tech. The conversation also touches on interest rates, economic policies, tariffs, and international markets. Key Takeaways [00:17] - NVIDIA Earnings + data center construction [04:07] - Talking AI and bubbles [10:30] - Crypto remains volatile [16:49] - Small-caps and International Markets [21:30] - Inflation, tariffs, and the market’s aftermath election reaction View Transcript Links Which asset has the best bubble potential? AI Investments Are Booming, but Venture-Firm Profits Are at a Historic Low Crypto Entrepreneur Bought a Duct-Tape Banana for $6.2 Million. He Plans to Eat It—and Also Send It to Space. Detrick: Most might not realize that over the past year small caps have done better than the QQQ. Roche: Could Trump be Deflationary? Truflation The Great Transformation: China’s Road from Revolution to Reform Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 22 Nov 2024 01:39:02 -0000 The Growth of AI, Crypto, and Small-Caps full 1 142 Stokes Family Office Doug and Greg Stokes begin this week's discussion with NVIDIA's recent earnings report, the ongoing AI race, and the implications of new data centers. They explore the characteristics of market bubbles, particularly in the context of AI and cryptocurrency, and analyze the performance of small-cap stocks versus large-cap tech. The conversation also touches on interest rates, economic policies, tariffs, and international markets. Key Takeaways [00:17] - NVIDIA Earnings + data center construction [04:07] - Talking AI and bubbles [10:30] - Crypto remains volatile [16:49] - Small-caps and International Markets [21:30] - Inflation, tariffs, and the market’s aftermath election reaction View Transcript Links Which asset has the best bubble potential? AI Investments Are Booming, but Venture-Firm Profits Are at a Historic Low Crypto Entrepreneur Bought a Duct-Tape Banana for $6.2 Million. He Plans to Eat It—and Also Send It to Space. Detrick: Most might not realize that over the past year small caps have done better than the QQQ. Roche: Could Trump be Deflationary? Truflation The Great Transformation: China’s Road from Revolution to Reform Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Doug and Greg Stokes begin this week's discussion with NVIDIA's recent earnings report, the ongoing AI race, and the implications of new data centers. They explore the characteristics of market bubbles, particularly in the context of AI and cryptocurrency, and analyze the performance of small-cap stocks versus large-cap tech. The conversation also touches on interest rates, economic policies, tariffs, and international markets.


Key Takeaways

  • [00:17] - NVIDIA Earnings + data center construction
  • [04:07] - Talking AI and bubbles
  • [10:30] - Crypto remains volatile
  • [16:49] - Small-caps and International Markets
  • [21:30] - Inflation, tariffs, and the market’s aftermath election reaction



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1752 no Market Enthusiasm & Speculative Fervor This week, Doug and Greg Stokes—Stokes Family Office Managing Partners—discuss market enthusiasm following the election, focusing on the rise of speculative assets like cryptocurrency and Tesla. They’ll delve into inflation picking back up and how it has influenced market performance recently and over the last four years. The conversation also looks back at historical market performance during political shifts and the implications for future valuations and market predictions. Key Takeaways [00:17] - Post-election market enthusiasm [04:07] - Speculative assets and cryptocurrency trends [08:38] - Inflation impact both recently and over the last 4 years [13:41] - Historical market performance across the last 22 Presidents [19:40] - Valuations and market enthusiasm View Transcript Links Scottie Pippen’s bitcoin prediction dream WSJ: Bitcoin’s Future Depends on a Handful of Mysterious Coders U.S Truflation Price Increases over the last 4 years Main Street vs Wall Street inflation Stock performance when Republicans sweep the Senate, House, and White House How stocks have done under the past 22 Presidents Warren Buffett’s Apple share sales and cash pile spark intrigue over motives Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Wed, 13 Nov 2024 23:06:18 -0000 Market Enthusiasm & Speculative Fervor full 1 141 Stokes Family Office This week, Doug and Greg Stokes—Stokes Family Office Managing Partners—discuss market enthusiasm following the election, focusing on the rise of speculative assets like cryptocurrency and Tesla. They’ll delve into inflation picking back up and how it has influenced market performance recently and over the last four years. The conversation also looks back at historical market performance during political shifts and the implications for future valuations and market predictions. Key Takeaways [00:17] - Post-election market enthusiasm [04:07] - Speculative assets and cryptocurrency trends [08:38] - Inflation impact both recently and over the last 4 years [13:41] - Historical market performance across the last 22 Presidents [19:40] - Valuations and market enthusiasm View Transcript Links Scottie Pippen’s bitcoin prediction dream WSJ: Bitcoin’s Future Depends on a Handful of Mysterious Coders U.S Truflation Price Increases over the last 4 years Main Street vs Wall Street inflation Stock performance when Republicans sweep the Senate, House, and White House How stocks have done under the past 22 Presidents Warren Buffett’s Apple share sales and cash pile spark intrigue over motives Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, Doug and Greg Stokes—Stokes Family Office Managing Partners—discuss market enthusiasm following the election, focusing on the rise of speculative assets like cryptocurrency and Tesla. They’ll delve into inflation picking back up and how it has influenced market performance recently and over the last four years. The conversation also looks back at historical market performance during political shifts and the implications for future valuations and market predictions.


Key Takeaways

  • [00:17] - Post-election market enthusiasm
  • [04:07] - Speculative assets and cryptocurrency trends
  • [08:38] - Inflation impact both recently and over the last 4 years
  • [13:41] - Historical market performance across the last 22 Presidents
  • [19:40] - Valuations and market enthusiasm



View Transcript



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1537 no Reactions & Implications Post-Election Greg and Doug Stokes chat about the surprising results of the 2024 election, where Trump emerged victorious, and the implications of this outcome on the market and economic policies. They analyze polling accuracy, market reactions, and the potential for changes in tax policies and regulations. The discussion this week also covers the movements in various financial markets, including treasuries, stocks, gold, and crypto, and wraps with thoughts on future economic growth and inflation. Key Takeaways [00:17] - Election Day aftermath: surprising results  [04:07] - Markets are forward-looking [09:05] - Movement in rates, long-term rates, and 10-year treasury [12:33] - Gold down, small-caps up [15:30] - Bitcoin, oil, and tax implications View Transcript Links Polymarket 2024 Betting Markets / Election Forecast How the Trump Whale Correctly Called the Election Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 07 Nov 2024 15:47:00 -0000 Reactions & Implications Post-Election full 1 140 Stokes Family Office Greg and Doug Stokes chat about the surprising results of the 2024 election, where Trump emerged victorious, and the implications of this outcome on the market and economic policies. They analyze polling accuracy, market reactions, and the potential for changes in tax policies and regulations. The discussion this week also covers the movements in various financial markets, including treasuries, stocks, gold, and crypto, and wraps with thoughts on future economic growth and inflation. Key Takeaways [00:17] - Election Day aftermath: surprising results  [04:07] - Markets are forward-looking [09:05] - Movement in rates, long-term rates, and 10-year treasury [12:33] - Gold down, small-caps up [15:30] - Bitcoin, oil, and tax implications View Transcript Links Polymarket 2024 Betting Markets / Election Forecast How the Trump Whale Correctly Called the Election Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug Stokes chat about the surprising results of the 2024 election, where Trump emerged victorious, and the implications of this outcome on the market and economic policies. They analyze polling accuracy, market reactions, and the potential for changes in tax policies and regulations. The discussion this week also covers the movements in various financial markets, including treasuries, stocks, gold, and crypto, and wraps with thoughts on future economic growth and inflation.


Key Takeaways

  • [00:17] - Election Day aftermath: surprising results 
  • [04:07] - Markets are forward-looking
  • [09:05] - Movement in rates, long-term rates, and 10-year treasury
  • [12:33] - Gold down, small-caps up
  • [15:30] - Bitcoin, oil, and tax implications


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1130 no What is AI’s Actual Investment Value? Less than a week from voting day, we’ll analyze the tight race and the historical context of market performance/reactions. We’ll also talk about the evolving role of AI in corporate America and how we can place value on it from an investment perspective. We’ll finish with a conversation on market seasonality and historical trends during election years. Key Takeaways [00:17] - New earnings/jobs report + the markets being agnostic to politics [05:13] - Super Micro Computer's stock volatility/reporting [08:33] - Is AI following the broadband playbook? [11:56] - What is the future of AI’s actual value? [18:03] - The IPO window is still effectively closed [21:02] - Market seasonality View Transcript Links Polymarket 2024 Betting Markets / Election Forecast More than 25% of all new code at Google is now generated by AI AI’s $600B Question What does Upstart do? - video Detrick: Seven Reasons This Bull Market Is Alive and Well Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Fri, 01 Nov 2024 18:22:18 -0000 What is AI’s Actual Investment Value? full 1 139 Stokes Family Office Less than a week from voting day, we’ll analyze the tight race and the historical context of market performance/reactions. We’ll also talk about the evolving role of AI in corporate America and how we can place value on it from an investment perspective. We’ll finish with a conversation on market seasonality and historical trends during election years. Key Takeaways [00:17] - New earnings/jobs report + the markets being agnostic to politics [05:13] - Super Micro Computer's stock volatility/reporting [08:33] - Is AI following the broadband playbook? [11:56] - What is the future of AI’s actual value? [18:03] - The IPO window is still effectively closed [21:02] - Market seasonality View Transcript Links Polymarket 2024 Betting Markets / Election Forecast More than 25% of all new code at Google is now generated by AI AI’s $600B Question What does Upstart do? - video Detrick: Seven Reasons This Bull Market Is Alive and Well Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Less than a week from voting day, we’ll analyze the tight race and the historical context of market performance/reactions. We’ll also talk about the evolving role of AI in corporate America and how we can place value on it from an investment perspective. We’ll finish with a conversation on market seasonality and historical trends during election years.


Key Takeaways

  • [00:17] - New earnings/jobs report + the markets being agnostic to politics
  • [05:13] - Super Micro Computer's stock volatility/reporting
  • [08:33] - Is AI following the broadband playbook?
  • [11:56] - What is the future of AI’s actual value?
  • [18:03] - The IPO window is still effectively closed
  • [21:02] - Market seasonality


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1559 no Election Implications With 2 Weeks To Go This week, we’ll discuss the rapidly changing political landscape as the election approaches, focusing on how market predictions and betting trends reflect potential outcomes. We’ll analyze the implications of different presidential policies on market sectors, the relationship between economic growth and interest rates, and the long-term perspectives on investment strategies. We’ll finish by taking a step back to look at positive global trends and the overall wealth of humanity, encouraging a broader view of current events. Key Takeaways [00:17] - Election dynamics and market reactions/predictions [07:10] - A long-term look at interest rates [10:41] - What really matters to the economy?  [12:25] - A positive, 40,000-foot view on investments and humanity View Transcript Links Wolfe: Election Outcome Scenarios: What to Buy and Sell - Wolfe Bilello: The only S&P 500 sector that's down since July 10? Technology: -3% Steno/Bloomberg: The move in bond yields after the 50bp cut is very out of the ordinary Apollo: Low Returns Expected in the S&P 500 Over the Coming Years 10 Global Trends That Every Smart Person Should Know Super Abundance Ben Carlson: A Staggering Amount of Wealth Creation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Tue, 22 Oct 2024 20:37:10 -0000 Election Implications With 2 Weeks To Go full 1 138 Stokes Family Office This week, we’ll discuss the rapidly changing political landscape as the election approaches, focusing on how market predictions and betting trends reflect potential outcomes. We’ll analyze the implications of different presidential policies on market sectors, the relationship between economic growth and interest rates, and the long-term perspectives on investment strategies. We’ll finish by taking a step back to look at positive global trends and the overall wealth of humanity, encouraging a broader view of current events. Key Takeaways [00:17] - Election dynamics and market reactions/predictions [07:10] - A long-term look at interest rates [10:41] - What really matters to the economy?  [12:25] - A positive, 40,000-foot view on investments and humanity View Transcript Links Wolfe: Election Outcome Scenarios: What to Buy and Sell - Wolfe Bilello: The only S&P 500 sector that's down since July 10? Technology: -3% Steno/Bloomberg: The move in bond yields after the 50bp cut is very out of the ordinary Apollo: Low Returns Expected in the S&P 500 Over the Coming Years 10 Global Trends That Every Smart Person Should Know Super Abundance Ben Carlson: A Staggering Amount of Wealth Creation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. This week, we’ll discuss the rapidly changing political landscape as the election approaches, focusing on how market predictions and betting trends reflect potential outcomes. We’ll analyze the implications of different presidential policies on market sectors, the relationship between economic growth and interest rates, and the long-term perspectives on investment strategies. We’ll finish by taking a step back to look at positive global trends and the overall wealth of humanity, encouraging a broader view of current events.


Key Takeaways

  • [00:17] - Election dynamics and market reactions/predictions
  • [07:10] - A long-term look at interest rates
  • [10:41] - What really matters to the economy? 
  • [12:25] - A positive, 40,000-foot view on investments and humanity



View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1165 no Does the Market Care What Party is in Power? Greg and Doug look at polling data and betting markets marking a shift that could be happening in the race. They’ll also examine historical data that shows the party in power does not significantly impact market performance. The conversation then shifts to economic trends, highlighting the recent performance of small and mid-cap stocks and the resurgence of gold as a viable investment. Finally, they delve into technological innovations, including autonomous vehicles and energy efficiency advancements, and what that means for an exciting future. Key Takeaways [00:16] - Polling data and betting markets - is the race shifting? [04:44] - How the market’s fared historically depending on who’s in office [09:00] - Markets continue to expand [11:55] - The resurgence of gold and diversification strategies [15:26] - The explosion of techno-capitalism View Transcript Links Nate Silver - Silver Bulletin - 2024 presidential election forecast Polymarket 2024 Betting Markets / Election Forecast RealClear Polling betting odds Timmer: Data on Presidential Election Cycles Subscribe to our weekly email list Lawrence Hamtil’s diversification strategies Waymo has doubled its weekly paid robotaxi trips to 100,000 since May Blas: Old king coal remains omnipotent and omnipresent Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 17 Oct 2024 17:56:54 -0000 Does the Market Care What Party is in Power? full 1 137 Stokes Family Office Greg and Doug look at polling data and betting markets marking a shift that could be happening in the race. They’ll also examine historical data that shows the party in power does not significantly impact market performance. The conversation then shifts to economic trends, highlighting the recent performance of small and mid-cap stocks and the resurgence of gold as a viable investment. Finally, they delve into technological innovations, including autonomous vehicles and energy efficiency advancements, and what that means for an exciting future. Key Takeaways [00:16] - Polling data and betting markets - is the race shifting? [04:44] - How the market’s fared historically depending on who’s in office [09:00] - Markets continue to expand [11:55] - The resurgence of gold and diversification strategies [15:26] - The explosion of techno-capitalism View Transcript Links Nate Silver - Silver Bulletin - 2024 presidential election forecast Polymarket 2024 Betting Markets / Election Forecast RealClear Polling betting odds Timmer: Data on Presidential Election Cycles Subscribe to our weekly email list Lawrence Hamtil’s diversification strategies Waymo has doubled its weekly paid robotaxi trips to 100,000 since May Blas: Old king coal remains omnipotent and omnipresent Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Greg and Doug look at polling data and betting markets marking a shift that could be happening in the race. They’ll also examine historical data that shows the party in power does not significantly impact market performance. The conversation then shifts to economic trends, highlighting the recent performance of small and mid-cap stocks and the resurgence of gold as a viable investment. Finally, they delve into technological innovations, including autonomous vehicles and energy efficiency advancements, and what that means for an exciting future.


Key Takeaways

  • [00:16] - Polling data and betting markets - is the race shifting?
  • [04:44] - How the market’s fared historically depending on who’s in office
  • [09:00] - Markets continue to expand
  • [11:55] - The resurgence of gold and diversification strategies
  • [15:26] - The explosion of techno-capitalism



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.


Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1279 no What’s Next for the Young Bull Market? With updated CPI data in hand, Greg and Doug discuss the juxtaposition of market highs and inflationary effects on consumer behavior and sentiment. They’ll also analyze the current bull market and its future projections, interest rates, the evolving office market post-COVID, and of course, a weekly election update. Key Takeaways [01:04] - Strong economic growth vs. rising prices [04:41] - Election predictions: polls vs. betting markets [09:32] - Bull market analysis and future projections [11:47] - Interest rates and the re-inverted yield curve [16:24] - The future of the office market post-COVID View Transcript Links Bilello: Prices increases over the past 4 years Nate Silver's election forecast Polymarket election forecast The bull market turns 2. Detrick & Varghese explain why history suggests the rally isn’t done. BofA: Both Mag. 7 and Other 493’s earnings are expected to slow in 3Q Morning Brew: Despite expectations, more employees are returning to the office. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. Thu, 10 Oct 2024 19:33:34 -0000 What’s Next for the Young Bull Market? full 1 136 Stokes Family Office With updated CPI data in hand, Greg and Doug discuss the juxtaposition of market highs and inflationary effects on consumer behavior and sentiment. They’ll also analyze the current bull market and its future projections, interest rates, the evolving office market post-COVID, and of course, a weekly election update. Key Takeaways [01:04] - Strong economic growth vs. rising prices [04:41] - Election predictions: polls vs. betting markets [09:32] - Bull market analysis and future projections [11:47] - Interest rates and the re-inverted yield curve [16:24] - The future of the office market post-COVID View Transcript Links Bilello: Prices increases over the past 4 years Nate Silver's election forecast Polymarket election forecast The bull market turns 2. Detrick & Varghese explain why history suggests the rally isn’t done. BofA: Both Mag. 7 and Other 493’s earnings are expected to slow in 3Q Morning Brew: Despite expectations, more employees are returning to the office. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated. With updated CPI data in hand, Greg and Doug discuss the juxtaposition of market highs and inflationary effects on consumer behavior and sentiment. They’ll also analyze the current bull market and its future projections, interest rates, the evolving office market post-COVID, and of course, a weekly election update.


Key Takeaways

  • [01:04] - Strong economic growth vs. rising prices
  • [04:41] - Election predictions: polls vs. betting markets
  • [09:32] - Bull market analysis and future projections
  • [11:47] - Interest rates and the re-inverted yield curve
  • [16:24] - The future of the office market post-COVID



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

]]> 1487 no Geopolitical Tensions, Strikes, and Natural Disasters A lot is certainly happening all over the world. This week, we discuss the current geopolitical tensions, particularly focusing on the Israeli attacks on Hezbollah and the subsequent reactions from Iran. We analyze the impact of these events on global oil prices and the stock market, highlighting the surprising resilience of the markets despite these tensions.  The conversation then shifts to the domestic economic landscape, including the performance of the Chinese market and the implications of the upcoming US elections. We also address the ongoing dock workers' strike and its economic ramifications, as well as the devastating effects of Hurricane Helene in the southeastern US. Key Takeaways [00:17] - Geopolitical tensions and market reactions [05:15] - Investing at all-time highs  [07:39] - A host of issues leading up to the election [10:39] - Natural disasters, insurance, & potential long-lasting economic effects [15:35] - Ramifications of the dock workers’ strike  View Transcript Links JP Morgan: Average cumulative returns: investing on any day vs new high Detrick: S&P 500 is currently up five months in a row. The previous 29 times, stocks were higher a year later 28 times Polymarket: 2024 Election Forecast Apollo: Where is the slowdown? U.S. companies with largest imports to East and Gulf Coast ports over past year Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 03 Oct 2024 18:55:57 -0000 Geopolitical Tensions, Strikes, and Natural Disasters full 1 135 Stokes Family Office A lot is certainly happening all over the world. This week, we discuss the current geopolitical tensions, particularly focusing on the Israeli attacks on Hezbollah and the subsequent reactions from Iran. We analyze the impact of these events on global oil prices and the stock market, highlighting the surprising resilience of the markets despite these tensions.  The conversation then shifts to the domestic economic landscape, including the performance of the Chinese market and the implications of the upcoming US elections. We also address the ongoing dock workers' strike and its economic ramifications, as well as the devastating effects of Hurricane Helene in the southeastern US. Key Takeaways [00:17] - Geopolitical tensions and market reactions [05:15] - Investing at all-time highs  [07:39] - A host of issues leading up to the election [10:39] - Natural disasters, insurance, & potential long-lasting economic effects [15:35] - Ramifications of the dock workers’ strike  View Transcript Links JP Morgan: Average cumulative returns: investing on any day vs new high Detrick: S&P 500 is currently up five months in a row. The previous 29 times, stocks were higher a year later 28 times Polymarket: 2024 Election Forecast Apollo: Where is the slowdown? U.S. companies with largest imports to East and Gulf Coast ports over past year Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. A lot is certainly happening all over the world. This week, we discuss the current geopolitical tensions, particularly focusing on the Israeli attacks on Hezbollah and the subsequent reactions from Iran. We analyze the impact of these events on global oil prices and the stock market, highlighting the surprising resilience of the markets despite these tensions. 

The conversation then shifts to the domestic economic landscape, including the performance of the Chinese market and the implications of the upcoming US elections. We also address the ongoing dock workers' strike and its economic ramifications, as well as the devastating effects of Hurricane Helene in the southeastern US.


Key Takeaways

  • [00:17] - Geopolitical tensions and market reactions
  • [05:15] - Investing at all-time highs 
  • [07:39] - A host of issues leading up to the election
  • [10:39] - Natural disasters, insurance, & potential long-lasting economic effects
  • [15:35] - Ramifications of the dock workers’ strike 



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1328 no The Market’s Reaction to the Fed’s Rate Cut Doug and Greg discuss the recent 50 basis point rate cut by the Federal Reserve, analyzing its implications on the economy and the labor and real estate markets. They explore market reactions, economic indicators, and the bullish/bearish conversations around a soft or hard landing. They also touch on the ongoing hurricane season and its economic impact, as well as a weekly update on the upcoming election and its significance. Key Takeaways [00:57] - The Fed's rate cut: implications and analysis [05:25] - Market reactions and economic indicators [08:59] - The ping-pong effect and consumer sentiment  [18:19] - Hurricane season and its economic impact  [22:23] - Election updates and predictions View Transcript Links Zaccardi: Anybody suggesting a recession is imminent is ignoring reality. Detrick: The Fed has cut rates with stocks near all-time highs 20 times. The S&P 500 was higher a year later 20 times. BoA: Despite new highs in global equity markets, sentiment is significantly lower than the extreme euphoria seen in July. Carlson: Rate Cuts & Historical Market Analogues Many home insurers rallying as the hurricane season has failed to bite...so far. Silver Bulletin 2024 presidential election forecast Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 25 Sep 2024 20:38:30 -0000 The Market’s Reaction to the Fed’s Rate Cut full 1 134 Stokes Family Office Doug and Greg discuss the recent 50 basis point rate cut by the Federal Reserve, analyzing its implications on the economy and the labor and real estate markets. They explore market reactions, economic indicators, and the bullish/bearish conversations around a soft or hard landing. They also touch on the ongoing hurricane season and its economic impact, as well as a weekly update on the upcoming election and its significance. Key Takeaways [00:57] - The Fed's rate cut: implications and analysis [05:25] - Market reactions and economic indicators [08:59] - The ping-pong effect and consumer sentiment  [18:19] - Hurricane season and its economic impact  [22:23] - Election updates and predictions View Transcript Links Zaccardi: Anybody suggesting a recession is imminent is ignoring reality. Detrick: The Fed has cut rates with stocks near all-time highs 20 times. The S&P 500 was higher a year later 20 times. BoA: Despite new highs in global equity markets, sentiment is significantly lower than the extreme euphoria seen in July. Carlson: Rate Cuts & Historical Market Analogues Many home insurers rallying as the hurricane season has failed to bite...so far. Silver Bulletin 2024 presidential election forecast Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Doug and Greg discuss the recent 50 basis point rate cut by the Federal Reserve, analyzing its implications on the economy and the labor and real estate markets. They explore market reactions, economic indicators, and the bullish/bearish conversations around a soft or hard landing. They also touch on the ongoing hurricane season and its economic impact, as well as a weekly update on the upcoming election and its significance.


Key Takeaways

  • [00:57] - The Fed's rate cut: implications and analysis
  • [05:25] - Market reactions and economic indicators
  • [08:59] - The ping-pong effect and consumer sentiment 
  • [18:19] - Hurricane season and its economic impact 
  • [22:23] - Election updates and predictions



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1554 no Navigating the Current Macro Landscape with Kyle Bass This week, Doug and Greg Stokes interview Kyle Bass, Founder & Chief Investment Officer of Hayman Capital Management, and a prominent macro strategist. They discuss the current economic landscape, the implications of Federal Reserve policies, the real estate market, and the geopolitical tensions surrounding China and Taiwan.  Bass provides insights into the economic challenges facing the U.S. and China, the importance of tariffs, the financial/defense ramifications of the election, and America's exceptionalism in the global economy. Key Takeaways [00:16] - Introduction to Kyle Bass and the current macro landscape [08:56] - The real estate market and economic implications [17:22] - Tariffs, trade, and economic strategy [24:47] - China's economic crisis and its global impact [33:06] - Geopolitical tensions: Taiwan and the West [42:50] - How do we become more self-reliant in defense tech? [46:53] - America's economic exceptionalism, growth in Southern states, & future outlook View Transcript Links J. Kyle Bass, Founder & Chief Investment Officer, Hayman Capital Management Ben Bernanke's helicopter speech Samsung’s $17B investment in Taylor, TX Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 19 Sep 2024 19:52:07 -0000 Navigating the Current Macro Landscape with Kyle Bass full 1 133 Stokes Family Office This week, Doug and Greg Stokes interview Kyle Bass, Founder & Chief Investment Officer of Hayman Capital Management, and a prominent macro strategist. They discuss the current economic landscape, the implications of Federal Reserve policies, the real estate market, and the geopolitical tensions surrounding China and Taiwan.  Bass provides insights into the economic challenges facing the U.S. and China, the importance of tariffs, the financial/defense ramifications of the election, and America's exceptionalism in the global economy. Key Takeaways [00:16] - Introduction to Kyle Bass and the current macro landscape [08:56] - The real estate market and economic implications [17:22] - Tariffs, trade, and economic strategy [24:47] - China's economic crisis and its global impact [33:06] - Geopolitical tensions: Taiwan and the West [42:50] - How do we become more self-reliant in defense tech? [46:53] - America's economic exceptionalism, growth in Southern states, & future outlook View Transcript Links J. Kyle Bass, Founder & Chief Investment Officer, Hayman Capital Management Ben Bernanke's helicopter speech Samsung’s $17B investment in Taylor, TX Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, Doug and Greg Stokes interview Kyle Bass, Founder & Chief Investment Officer of Hayman Capital Management, and a prominent macro strategist. They discuss the current economic landscape, the implications of Federal Reserve policies, the real estate market, and the geopolitical tensions surrounding China and Taiwan. 

Bass provides insights into the economic challenges facing the U.S. and China, the importance of tariffs, the financial/defense ramifications of the election, and America's exceptionalism in the global economy.



Key Takeaways

  • [00:16] - Introduction to Kyle Bass and the current macro landscape
  • [08:56] - The real estate market and economic implications
  • [17:22] - Tariffs, trade, and economic strategy
  • [24:47] - China's economic crisis and its global impact
  • [33:06] - Geopolitical tensions: Taiwan and the West
  • [42:50] - How do we become more self-reliant in defense tech?
  • [46:53] - America's economic exceptionalism, growth in Southern states, & future outlook



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 3348 no What Does a Soft Landing Look Like? As we brace for the first hurricane of the season, we hope everyone in the storm’s path stays safe.  This week, Greg & Doug Stokes discuss what a soft landing for the market means and the challenges faced by urban areas and the commercial real estate industry. They also touch on the yield curve, Fed cuts, and the upcoming U.S. presidential election as we continue to emphasize the importance of not letting political ideologies drive investment strategies.  Key Takeaways [00:17] - Hurricane update from New Orleans [01:14] - Navigating market volatility in September and October [04:53] - This is what a soft landing looks like [08:25] - The impact of Fed cuts and the upcoming election [13:06] - The un-inversion of the yield curve  [16:51] - Challenges in and predictions for the commercial real estate industry [23:21] - Urban cores are struggling [27:00] - European men are dominating tennis View Transcript Links Sløk: This is a Soft Landing Nate Silver’s election prediction More Businesses = More Bankruptcies The ‘Yield Curve’ Briefly Turned Normal. What It Means for Stocks. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Tue, 10 Sep 2024 19:46:33 -0000 What Does a Soft Landing Look Like? full 1 132 Stokes Family Office As we brace for the first hurricane of the season, we hope everyone in the storm’s path stays safe.  This week, Greg & Doug Stokes discuss what a soft landing for the market means and the challenges faced by urban areas and the commercial real estate industry. They also touch on the yield curve, Fed cuts, and the upcoming U.S. presidential election as we continue to emphasize the importance of not letting political ideologies drive investment strategies.  Key Takeaways [00:17] - Hurricane update from New Orleans [01:14] - Navigating market volatility in September and October [04:53] - This is what a soft landing looks like [08:25] - The impact of Fed cuts and the upcoming election [13:06] - The un-inversion of the yield curve  [16:51] - Challenges in and predictions for the commercial real estate industry [23:21] - Urban cores are struggling [27:00] - European men are dominating tennis View Transcript Links Sløk: This is a Soft Landing Nate Silver’s election prediction More Businesses = More Bankruptcies The ‘Yield Curve’ Briefly Turned Normal. What It Means for Stocks. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we brace for the first hurricane of the season, we hope everyone in the storm’s path stays safe. 

This week, Greg & Doug Stokes discuss what a soft landing for the market means and the challenges faced by urban areas and the commercial real estate industry. They also touch on the yield curve, Fed cuts, and the upcoming U.S. presidential election as we continue to emphasize the importance of not letting political ideologies drive investment strategies. 



Key Takeaways

  • [00:17] - Hurricane update from New Orleans
  • [01:14] - Navigating market volatility in September and October
  • [04:53] - This is what a soft landing looks like
  • [08:25] - The impact of Fed cuts and the upcoming election
  • [13:06] - The un-inversion of the yield curve 
  • [16:51] - Challenges in and predictions for the commercial real estate industry
  • [23:21] - Urban cores are struggling
  • [27:00] - European men are dominating tennis



View Transcript



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1804 no Talking Hydrocarbons with Walker Moody of Pickering Energy Partners This week, we welcome on special guest Walker Moody, President of Pickering Energy Partners based out of Houston. He’ll educate us on the geopolitical ramifications on the energy sector, from wars to our elections. Walker also tells where he sees the future of energy transition heading—in terms of investment—and why Pickering is focused on upstream investments and looking toward longer time horizons. Key Takeaways [00:17] - Introducing Walker Moody, President of Pickering Partners [04:28] - Geopolitical ramifications on energy, from war to our elections [15:39] - When will a lack of investment lead to higher prices? [22:48] - In the last 20 years, who won with the advent of capital into shale? [29:36] - Why Walker will never say “This time is different” [35:00] - Why the road is long and the returns are low for alternative/green energy View Transcript Links Walker Moody Pickering Energy Partners Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 05 Sep 2024 09:00:00 -0000 Talking Hydrocarbons with Walker Moody of Pickering Energy Partners full 1 131 Stokes Family Office This week, we welcome on special guest Walker Moody, President of Pickering Energy Partners based out of Houston. He’ll educate us on the geopolitical ramifications on the energy sector, from wars to our elections. Walker also tells where he sees the future of energy transition heading—in terms of investment—and why Pickering is focused on upstream investments and looking toward longer time horizons. Key Takeaways [00:17] - Introducing Walker Moody, President of Pickering Partners [04:28] - Geopolitical ramifications on energy, from war to our elections [15:39] - When will a lack of investment lead to higher prices? [22:48] - In the last 20 years, who won with the advent of capital into shale? [29:36] - Why Walker will never say “This time is different” [35:00] - Why the road is long and the returns are low for alternative/green energy View Transcript Links Walker Moody Pickering Energy Partners Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, we welcome on special guest Walker Moody, President of Pickering Energy Partners based out of Houston. He’ll educate us on the geopolitical ramifications on the energy sector, from wars to our elections. Walker also tells where he sees the future of energy transition heading—in terms of investment—and why Pickering is focused on upstream investments and looking toward longer time horizons.



Key Takeaways

  • [00:17] - Introducing Walker Moody, President of Pickering Partners
  • [04:28] - Geopolitical ramifications on energy, from war to our elections
  • [15:39] - When will a lack of investment lead to higher prices?
  • [22:48] - In the last 20 years, who won with the advent of capital into shale?
  • [29:36] - Why Walker will never say “This time is different”
  • [35:00] - Why the road is long and the returns are low for alternative/green energy



View Transcript



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The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 2815 no Rate Cuts Are Coming. Now What? With the news out of Jackson Hole signaling that the Fed is ready to make cuts, what happens now that we’re heading into a rate-cutting cycle outside of the realm of emergency cuts in a recession? We’ll dive into how that affects real estate and the economy as a whole, and we’ll discuss the seemingly closed IPO window and a revised jobs report. Key Takeaways [00:18] - An aura of “mission accomplished” from the Fed [05:14] - What happens to real estate prices post-rate cuts? [11:30] - What to make of the revised jobs report [15:24] - Why has the IPO window closed? [22:01] - Our Saints predictions [24:22] - How AI and nuclear fusion can shape the future of energy View Transcript Links Ritholtz: Edge of Rate Cuts: How We Got Here Roche: There’s now a clear change in policy directionality The Most Unaffordable Housing Market in History Grannis: Rate Relief is Coming U.S. added 818,000 fewer jobs than thought, adding to concerns about the economy WSJ: The IPO Market Gets Cold Feet Jason And Travis Kelce Sign Reported $100M Podcast Deal With Amazon’s Wondery Forbes: Do You Know What ‘Fusion Power’ Is? If Not, That’s the Beautiful Point Dennis Whyte: Nuclear Fusion and the Future of Energy | Lex Fridman Podcast Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 29 Aug 2024 09:00:00 -0000 Rate Cuts Are Coming. Now What? full 1 130 Stokes Family Office With the news out of Jackson Hole signaling that the Fed is ready to make cuts, what happens now that we’re heading into a rate-cutting cycle outside of the realm of emergency cuts in a recession? We’ll dive into how that affects real estate and the economy as a whole, and we’ll discuss the seemingly closed IPO window and a revised jobs report. Key Takeaways [00:18] - An aura of “mission accomplished” from the Fed [05:14] - What happens to real estate prices post-rate cuts? [11:30] - What to make of the revised jobs report [15:24] - Why has the IPO window closed? [22:01] - Our Saints predictions [24:22] - How AI and nuclear fusion can shape the future of energy View Transcript Links Ritholtz: Edge of Rate Cuts: How We Got Here Roche: There’s now a clear change in policy directionality The Most Unaffordable Housing Market in History Grannis: Rate Relief is Coming U.S. added 818,000 fewer jobs than thought, adding to concerns about the economy WSJ: The IPO Market Gets Cold Feet Jason And Travis Kelce Sign Reported $100M Podcast Deal With Amazon’s Wondery Forbes: Do You Know What ‘Fusion Power’ Is? If Not, That’s the Beautiful Point Dennis Whyte: Nuclear Fusion and the Future of Energy | Lex Fridman Podcast Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. With the news out of Jackson Hole signaling that the Fed is ready to make cuts, what happens now that we’re heading into a rate-cutting cycle outside of the realm of emergency cuts in a recession? We’ll dive into how that affects real estate and the economy as a whole, and we’ll discuss the seemingly closed IPO window and a revised jobs report.



Key Takeaways

  • [00:18] - An aura of “mission accomplished” from the Fed
  • [05:14] - What happens to real estate prices post-rate cuts?
  • [11:30] - What to make of the revised jobs report
  • [15:24] - Why has the IPO window closed?
  • [22:01] - Our Saints predictions
  • [24:22] - How AI and nuclear fusion can shape the future of energy



View Transcript



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1844 no Evan Loomis on Protecting the World, AI, and Living on the Moon This week we had a fascinating chat with Evan Loomis, General Partner at Overmatch and Founder of ICON.  We discuss investing in our defense and how the U.S. strategy is moving from big to small and from expensive to cheap. He’ll also educate us on our weak spots, how we compare to Russia and China, and how autonomous weapons and surveillance vehicles keep our brightest servicemen and women out of harm's way. We’ll then shift gears away from Earth and talk about the commercialization of space and how Evan’s revolutionary company is trying to solve the housing crisis and will one day build the first human habitat on the moon. We finish with Evan’s thoughts on the incredible power, opportunity, and fear that AI is creating. Key Takeaways [00:16] - Introducing Evan Loomis and Overmatch Ventures [04:57] - How tech is shifting the U.S. defense strategy [09:35] - What does the defense tech investment landscape look like?  [15:33] - Comparing the U.S. to China and Russia [20:39] - Economic and tech needs to help keep the U.S. out of a conflict [27:55] - The commercialization and defense of space [33:48] - How Icon is trying to solve the housing crisis…and how it involves the moon [40:41] - Where we’re headed in an AI-fueled world View Transcript Links Evan Loomis Overmatch Ventures Defense Innovation Unit Critical Technology Tracker Starlink Icon 3D printing homes on Earth, someday the moon | 60 Minutes Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 22 Aug 2024 11:39:56 -0000 Evan Loomis on Protecting the World, AI, and Living on the Moon full 1 129 Stokes Family Office This week we had a fascinating chat with Evan Loomis, General Partner at Overmatch and Founder of ICON.  We discuss investing in our defense and how the U.S. strategy is moving from big to small and from expensive to cheap. He’ll also educate us on our weak spots, how we compare to Russia and China, and how autonomous weapons and surveillance vehicles keep our brightest servicemen and women out of harm's way. We’ll then shift gears away from Earth and talk about the commercialization of space and how Evan’s revolutionary company is trying to solve the housing crisis and will one day build the first human habitat on the moon. We finish with Evan’s thoughts on the incredible power, opportunity, and fear that AI is creating. Key Takeaways [00:16] - Introducing Evan Loomis and Overmatch Ventures [04:57] - How tech is shifting the U.S. defense strategy [09:35] - What does the defense tech investment landscape look like?  [15:33] - Comparing the U.S. to China and Russia [20:39] - Economic and tech needs to help keep the U.S. out of a conflict [27:55] - The commercialization and defense of space [33:48] - How Icon is trying to solve the housing crisis…and how it involves the moon [40:41] - Where we’re headed in an AI-fueled world View Transcript Links Evan Loomis Overmatch Ventures Defense Innovation Unit Critical Technology Tracker Starlink Icon 3D printing homes on Earth, someday the moon | 60 Minutes Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week we had a fascinating chat with Evan Loomis, General Partner at Overmatch and Founder of ICON. 

We discuss investing in our defense and how the U.S. strategy is moving from big to small and from expensive to cheap. He’ll also educate us on our weak spots, how we compare to Russia and China, and how autonomous weapons and surveillance vehicles keep our brightest servicemen and women out of harm's way.

We’ll then shift gears away from Earth and talk about the commercialization of space and how Evan’s revolutionary company is trying to solve the housing crisis and will one day build the first human habitat on the moon.

We finish with Evan’s thoughts on the incredible power, opportunity, and fear that AI is creating.


Key Takeaways

  • [00:16] - Introducing Evan Loomis and Overmatch Ventures
  • [04:57] - How tech is shifting the U.S. defense strategy
  • [09:35] - What does the defense tech investment landscape look like? 
  • [15:33] - Comparing the U.S. to China and Russia
  • [20:39] - Economic and tech needs to help keep the U.S. out of a conflict
  • [27:55] - The commercialization and defense of space
  • [33:48] - How Icon is trying to solve the housing crisis…and how it involves the moon
  • [40:41] - Where we’re headed in an AI-fueled world


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 3047 no Narrative Ping Pong: Recessions and All-Time Highs After seeing a 10% correction, the markets are knocking on the door again near record levels. It's never boring, and that’s why we love these weekly dialogues with you. We’ll also chat about what Chevron’s new drilling tech, the Super Bowl, and hurricanes mean for our local economy, and we’ll end —as we seemingly always do—with where we think rates are going.  Key Takeaways [00:18] - Walmart, Amazon, AI + what the data is saying about a recession [06:24] - Chevron rolls out new drilling tech + what it means for our region [11:28] - The impact of the Super Bowl + local real estate issues [16:40] - Societal changes from drinking less to not wanting a driver’s license [21:11] - Where are rates going? View Transcript Links Recession or no recession? Carlson: How to predict a recession New drilling technology to put billions of barrels of oil in reach New Orleans Super Bowl to-do list: potholes, parking, security, millions in fundraising Binge drinking just ain't cool anymore Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 16 Aug 2024 13:26:45 -0000 Narrative Ping Pong: Recessions and All-Time Highs full 1 128 Stokes Family Office After seeing a 10% correction, the markets are knocking on the door again near record levels. It's never boring, and that’s why we love these weekly dialogues with you. We’ll also chat about what Chevron’s new drilling tech, the Super Bowl, and hurricanes mean for our local economy, and we’ll end —as we seemingly always do—with where we think rates are going.  Key Takeaways [00:18] - Walmart, Amazon, AI + what the data is saying about a recession [06:24] - Chevron rolls out new drilling tech + what it means for our region [11:28] - The impact of the Super Bowl + local real estate issues [16:40] - Societal changes from drinking less to not wanting a driver’s license [21:11] - Where are rates going? View Transcript Links Recession or no recession? Carlson: How to predict a recession New drilling technology to put billions of barrels of oil in reach New Orleans Super Bowl to-do list: potholes, parking, security, millions in fundraising Binge drinking just ain't cool anymore Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. After seeing a 10% correction, the markets are knocking on the door again near record levels. It's never boring, and that’s why we love these weekly dialogues with you. We’ll also chat about what Chevron’s new drilling tech, the Super Bowl, and hurricanes mean for our local economy, and we’ll end —as we seemingly always do—with where we think rates are going. 


Key Takeaways

  • [00:18] - Walmart, Amazon, AI + what the data is saying about a recession
  • [06:24] - Chevron rolls out new drilling tech + what it means for our region
  • [11:28] - The impact of the Super Bowl + local real estate issues
  • [16:40] - Societal changes from drinking less to not wanting a driver’s license
  • [21:11] - Where are rates going?


View Transcript


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1616 no Recapping a Wild Week in the Markets What a week! Morgan Housel called this the biggest market decline since the last one you don't remember or care about. With talk of a flash crash happening and a recession looming, we’ll look at how Warren Buffet, Apple, and Japanese Yen played into a crazy ride over the past few days. We’ll also discuss historical market corrections and how the labor market has constantly evolved throughout history. Key Takeaways [00:18] - Let’s recap a crazy week [08:03] - What history says about market corrections [11:28] - Doug was right in his early-year forecast on the correlation of stocks and bonds  [14:50] - AI + how the labor market is constantly changing View Transcript Links How Warren Buffet’s Apple selloff may have cost shareholders billions Carlson: 3 thoughts on the stock market correction 60% of today’s workers are employed in occupations that didn’t exist in 1940 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 07 Aug 2024 20:22:41 -0000 Recapping a Wild Week in the Markets full 1 127 Stokes Family Office What a week! Morgan Housel called this the biggest market decline since the last one you don't remember or care about. With talk of a flash crash happening and a recession looming, we’ll look at how Warren Buffet, Apple, and Japanese Yen played into a crazy ride over the past few days. We’ll also discuss historical market corrections and how the labor market has constantly evolved throughout history. Key Takeaways [00:18] - Let’s recap a crazy week [08:03] - What history says about market corrections [11:28] - Doug was right in his early-year forecast on the correlation of stocks and bonds  [14:50] - AI + how the labor market is constantly changing View Transcript Links How Warren Buffet’s Apple selloff may have cost shareholders billions Carlson: 3 thoughts on the stock market correction 60% of today’s workers are employed in occupations that didn’t exist in 1940 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. What a week! Morgan Housel called this the biggest market decline since the last one you don't remember or care about. With talk of a flash crash happening and a recession looming, we’ll look at how Warren Buffet, Apple, and Japanese Yen played into a crazy ride over the past few days. We’ll also discuss historical market corrections and how the labor market has constantly evolved throughout history.


Key Takeaways

  • [00:18] - Let’s recap a crazy week
  • [08:03] - What history says about market corrections
  • [11:28] - Doug was right in his early-year forecast on the correlation of stocks and bonds 
  • [14:50] - AI + how the labor market is constantly changing



View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1383 no Don’t Let Politics Drive Your Investment Agenda There is a lot happening! Doug and Greg are back solo this week to talk about the markets. We’ll examine the affordability and performance of stocks outside of the Magnificent Seven. We’ll also look at AI and ask if the bubble has peaked and when can we expect to see a return on the massive investment. We’ll finish with a future-facing eye on a potential Kamala Harris tax agenda and why you should not let political beliefs/changes influence your long-term investment strategy. Key Takeaways [00:17] - A reversal in the stock market? [08:48] - Is AI properly or over-rated as a game-changer? [13:32] - Speaking of game-changers, Waymo is expanding in San Fran [18:07] - How would the markets react to a Harris tax agenda?  [29:48] - There’s also political drama in Venezuela View Transcript Links Carlson: The Biggest Winners in the Stock Market Sequoia: AI’s $600B Question Alphabet to invest $5 billion in self-driving car unit Waymo Nate Silver’s latest predictions The Kamala Harris tax proposal Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 01 Aug 2024 19:23:17 -0000 Don’t Let Politics Drive Your Investment Agenda full 1 126 Stokes Family Office There is a lot happening! Doug and Greg are back solo this week to talk about the markets. We’ll examine the affordability and performance of stocks outside of the Magnificent Seven. We’ll also look at AI and ask if the bubble has peaked and when can we expect to see a return on the massive investment. We’ll finish with a future-facing eye on a potential Kamala Harris tax agenda and why you should not let political beliefs/changes influence your long-term investment strategy. Key Takeaways [00:17] - A reversal in the stock market? [08:48] - Is AI properly or over-rated as a game-changer? [13:32] - Speaking of game-changers, Waymo is expanding in San Fran [18:07] - How would the markets react to a Harris tax agenda?  [29:48] - There’s also political drama in Venezuela View Transcript Links Carlson: The Biggest Winners in the Stock Market Sequoia: AI’s $600B Question Alphabet to invest $5 billion in self-driving car unit Waymo Nate Silver’s latest predictions The Kamala Harris tax proposal Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. There is a lot happening! Doug and Greg are back solo this week to talk about the markets. We’ll examine the affordability and performance of stocks outside of the Magnificent Seven. We’ll also look at AI and ask if the bubble has peaked and when can we expect to see a return on the massive investment. We’ll finish with a future-facing eye on a potential Kamala Harris tax agenda and why you should not let political beliefs/changes influence your long-term investment strategy.


Key Takeaways

  • [00:17] - A reversal in the stock market?
  • [08:48] - Is AI properly or over-rated as a game-changer?
  • [13:32] - Speaking of game-changers, Waymo is expanding in San Fran
  • [18:07] - How would the markets react to a Harris tax agenda? 
  • [29:48] - There’s also political drama in Venezuela



View Transcript



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 2031 no An Energy Investment Conversation with Fortress Energy Co-Founder, Jordan Strebeck We’re pleased to welcome Jordan Strebeck, Co-Founder and Managing Partner of Fortress Energy, to the Lagniappe Podcast. Jordan walks us through his background, from New Mexico to Harvard to Midland, and why he chose to focus on minerals. We’ll talk about how technology and technique have changed the Permian Basin and the energy sector as a whole and discuss ESG, a narrative shift in the oil and gas industry, and what the U.S. needs to do to keep progressing as a global energy leader. Key Takeaways [00:17] - Introducing Jordan Strebeck, Managing Partner of Fortress Energy [06:31] - Why did he choose the minerals space? [13:32] - How technology and technique changed the Permian Basin [18:10] - Less rigs, more efficiency [23:05] - Fracking and going horizontal [30:34] - ESG, COVID, and capital  [37:09] - A narrative shift for the oil & gas industry  [45:06] - What Jordan thinks we can do better as a country in terms of energy View Transcript Links Fortress Energy Jordan Strebeck Oil-Field Service Companies Ask: Where Did All the Wildcatters Go? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 25 Jul 2024 16:01:20 -0000 An Energy Investment Conversation with Fortress Energy Co-Founder, Jordan Strebeck full 1 125 Stokes Family Office We’re pleased to welcome Jordan Strebeck, Co-Founder and Managing Partner of Fortress Energy, to the Lagniappe Podcast. Jordan walks us through his background, from New Mexico to Harvard to Midland, and why he chose to focus on minerals. We’ll talk about how technology and technique have changed the Permian Basin and the energy sector as a whole and discuss ESG, a narrative shift in the oil and gas industry, and what the U.S. needs to do to keep progressing as a global energy leader. Key Takeaways [00:17] - Introducing Jordan Strebeck, Managing Partner of Fortress Energy [06:31] - Why did he choose the minerals space? [13:32] - How technology and technique changed the Permian Basin [18:10] - Less rigs, more efficiency [23:05] - Fracking and going horizontal [30:34] - ESG, COVID, and capital  [37:09] - A narrative shift for the oil & gas industry  [45:06] - What Jordan thinks we can do better as a country in terms of energy View Transcript Links Fortress Energy Jordan Strebeck Oil-Field Service Companies Ask: Where Did All the Wildcatters Go? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We’re pleased to welcome Jordan Strebeck, Co-Founder and Managing Partner of Fortress Energy, to the Lagniappe Podcast. Jordan walks us through his background, from New Mexico to Harvard to Midland, and why he chose to focus on minerals. We’ll talk about how technology and technique have changed the Permian Basin and the energy sector as a whole and discuss ESG, a narrative shift in the oil and gas industry, and what the U.S. needs to do to keep progressing as a global energy leader.


Key Takeaways

  • [00:17] - Introducing Jordan Strebeck, Managing Partner of Fortress Energy
  • [06:31] - Why did he choose the minerals space?
  • [13:32] - How technology and technique changed the Permian Basin
  • [18:10] - Less rigs, more efficiency
  • [23:05] - Fracking and going horizontal
  • [30:34] - ESG, COVID, and capital 
  • [37:09] - A narrative shift for the oil & gas industry 
  • [45:06] - What Jordan thinks we can do better as a country in terms of energy



View Transcript



Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 2890 no Talking Private Equity with Permanent Equity CEO Brent Beshore We sat down for a fascinating conversation with Permanent Equity Founder and CEO, Brent Beshore. Brent is a pioneer in the micro private equity space so we loved picking his brain on how/why he created PE’s unique model, their risks/competition, how he finds businesses, and where he sees the private equity industry heading over the next 10 years. Key Takeaways [00:17] - Getting to know Brent Beshore  [05:10] - Who is Permanent Equity and why is their model so unique? [10:23] - What’s the one flaw in their model and how do they use leverage? [15:57] - PE’s product lines and value-add pitch to business [20:27] - What does competition look like today? [26:02] - What types of businesses are searching to sell to private equity? [31:24] - The risks that come with transactions/transitions [39:15] - What happens after the 30-year time horizon? [46:39] - How Brent sees the next 10 years  View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 18 Jul 2024 17:04:46 -0000 Talking Private Equity with Permanent Equity CEO Brent Beshore full 1 124 Stokes Family Office We sat down for a fascinating conversation with Permanent Equity Founder and CEO, Brent Beshore. Brent is a pioneer in the micro private equity space so we loved picking his brain on how/why he created PE’s unique model, their risks/competition, how he finds businesses, and where he sees the private equity industry heading over the next 10 years. Key Takeaways [00:17] - Getting to know Brent Beshore  [05:10] - Who is Permanent Equity and why is their model so unique? [10:23] - What’s the one flaw in their model and how do they use leverage? [15:57] - PE’s product lines and value-add pitch to business [20:27] - What does competition look like today? [26:02] - What types of businesses are searching to sell to private equity? [31:24] - The risks that come with transactions/transitions [39:15] - What happens after the 30-year time horizon? [46:39] - How Brent sees the next 10 years  View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We sat down for a fascinating conversation with Permanent Equity Founder and CEO, Brent Beshore. Brent is a pioneer in the micro private equity space so we loved picking his brain on how/why he created PE’s unique model, their risks/competition, how he finds businesses, and where he sees the private equity industry heading over the next 10 years.


Key Takeaways

  • [00:17] - Getting to know Brent Beshore 
  • [05:10] - Who is Permanent Equity and why is their model so unique?
  • [10:23] - What’s the one flaw in their model and how do they use leverage?
  • [15:57] - PE’s product lines and value-add pitch to business
  • [20:27] - What does competition look like today?
  • [26:02] - What types of businesses are searching to sell to private equity?
  • [31:24] - The risks that come with transactions/transitions
  • [39:15] - What happens after the 30-year time horizon?
  • [46:39] - How Brent sees the next 10 years 



View Transcript



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 3062 no What the 4th of July Means to Us Happy Independence Day to you and your family. To commemorate the holiday, we’ll share what America means to us and reflect on how good we’ve got it. On the flip side, we’ll look at the aftermath of last week’s debate and the odds on what happens next. We’ll also discuss our expectations for rate cuts and the economic impact of Ozempic-like drugs. Key Takeaways [03:17] - Fallout from the disaster of last week’s debate [09:04] - How fixed income relates to inflation [11:42] - Our logical expectations on rate cuts this year [18:25] - The real-life impact of chief market strategists’ prognostications [22:50] - Can Ozempic-like drugs have a positive economic impact? View Transcript Links Election betting odds Real Clear polling data How U.S. airlines are hoping Ozempic can save them money CDC: Health and economic costs of chronic conditions Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 03 Jul 2024 21:16:18 -0000 What the 4th of July Means to Us full 1 122 Stokes Family Office Happy Independence Day to you and your family. To commemorate the holiday, we’ll share what America means to us and reflect on how good we’ve got it. On the flip side, we’ll look at the aftermath of last week’s debate and the odds on what happens next. We’ll also discuss our expectations for rate cuts and the economic impact of Ozempic-like drugs. Key Takeaways [03:17] - Fallout from the disaster of last week’s debate [09:04] - How fixed income relates to inflation [11:42] - Our logical expectations on rate cuts this year [18:25] - The real-life impact of chief market strategists’ prognostications [22:50] - Can Ozempic-like drugs have a positive economic impact? View Transcript Links Election betting odds Real Clear polling data How U.S. airlines are hoping Ozempic can save them money CDC: Health and economic costs of chronic conditions Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Happy Independence Day to you and your family. To commemorate the holiday, we’ll share what America means to us and reflect on how good we’ve got it. On the flip side, we’ll look at the aftermath of last week’s debate and the odds on what happens next. We’ll also discuss our expectations for rate cuts and the economic impact of Ozempic-like drugs.


Key Takeaways

  • [03:17] - Fallout from the disaster of last week’s debate
  • [09:04] - How fixed income relates to inflation
  • [11:42] - Our logical expectations on rate cuts this year
  • [18:25] - The real-life impact of chief market strategists’ prognostications
  • [22:50] - Can Ozempic-like drugs have a positive economic impact?


View Transcript


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1585 no Thinking About the Markets Like Roger Federer It’s debate day in America! We’ll mark the occasion by examining election predictions and what either result could mean for the economy. We’ll also discuss American strength/resilience and why the data says we’re not in a debt doom spiral. We’ll finish with a Roger Federer mindset as we look under the financial hood and find long-term optimism. Key Takeaways [00:17] - On debate day, we look at what the election could mean financially [09:50] - America and American families keep prevailing/thriving [16:19] - American tourists are driving European economies [19:22] - Federer wisdom + optimism  View Transcript Links Nate Silver’s first 2024 election model prediction: not a toss-up Silver: Who is favored to win the 2024 election? Odd Lots: Why Tom Lee Thinks We Could See S&P 15,000 by 2030 Slok: Household net worth is almost 8x higher than disposable income WSJ: Europe has a new economic engine - American tourists The American consumer is Europe’s stimulus package Outside of the top 10 stocks, the market is reasonably priced June-August are historically the best 3 months of an election year Roger Federer’s Dartmouth commencement speech Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 27 Jun 2024 20:59:12 -0000 Thinking About the Markets Like Roger Federer full 1 121 Stokes Family Office It’s debate day in America! We’ll mark the occasion by examining election predictions and what either result could mean for the economy. We’ll also discuss American strength/resilience and why the data says we’re not in a debt doom spiral. We’ll finish with a Roger Federer mindset as we look under the financial hood and find long-term optimism. Key Takeaways [00:17] - On debate day, we look at what the election could mean financially [09:50] - America and American families keep prevailing/thriving [16:19] - American tourists are driving European economies [19:22] - Federer wisdom + optimism  View Transcript Links Nate Silver’s first 2024 election model prediction: not a toss-up Silver: Who is favored to win the 2024 election? Odd Lots: Why Tom Lee Thinks We Could See S&P 15,000 by 2030 Slok: Household net worth is almost 8x higher than disposable income WSJ: Europe has a new economic engine - American tourists The American consumer is Europe’s stimulus package Outside of the top 10 stocks, the market is reasonably priced June-August are historically the best 3 months of an election year Roger Federer’s Dartmouth commencement speech Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. It’s debate day in America! We’ll mark the occasion by examining election predictions and what either result could mean for the economy. We’ll also discuss American strength/resilience and why the data says we’re not in a debt doom spiral. We’ll finish with a Roger Federer mindset as we look under the financial hood and find long-term optimism.


Key Takeaways

  • [00:17] - On debate day, we look at what the election could mean financially
  • [09:50] - America and American families keep prevailing/thriving
  • [16:19] - American tourists are driving European economies
  • [19:22] - Federer wisdom + optimism 


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1663 no Looking Back at the (Almost) First Half of 2024 This episode is all about where we are vs. where we thought we’d be as we near halftime of 2024. Are we surprised by no rate cuts? Could a bullish real estate environment be on the horizon? Why isn’t there more news/outcry over the bond markets? We’ll look back to answer these questions and look ahead to the buzz of big sporting events and elections coming soon.  Key Takeaways [00:17] - Looking back at the first half of 2024 [07:04] - They will they/won’t they rate cut convo [12:50] - The real estate sector needs rate cuts [15:49] - Why hasn’t there been more outcry over bonds? [19:24] - An update on private equity and venture capitalism [24:40] - Summer heats up with sporting events and elections on the horizon [29:00] - Projecting where we finish the year View Transcript Links Detrick: Could the Fed really cut with stocks at all-time highs? Yes is the answer. Roche: It’s time to cut rates CME FedWatch Tool iShares 20+ Year Treasury Bond ETF (TLT) Pensions piled into private equity. Now they can’t get out. Election betting odds Breaking spaghetti and record fast goals at the Euros Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Tue, 18 Jun 2024 14:26:42 -0000 Looking Back at the (Almost) First Half of 2024 full 1 120 Stokes Family Office This episode is all about where we are vs. where we thought we’d be as we near halftime of 2024. Are we surprised by no rate cuts? Could a bullish real estate environment be on the horizon? Why isn’t there more news/outcry over the bond markets? We’ll look back to answer these questions and look ahead to the buzz of big sporting events and elections coming soon.  Key Takeaways [00:17] - Looking back at the first half of 2024 [07:04] - They will they/won’t they rate cut convo [12:50] - The real estate sector needs rate cuts [15:49] - Why hasn’t there been more outcry over bonds? [19:24] - An update on private equity and venture capitalism [24:40] - Summer heats up with sporting events and elections on the horizon [29:00] - Projecting where we finish the year View Transcript Links Detrick: Could the Fed really cut with stocks at all-time highs? Yes is the answer. Roche: It’s time to cut rates CME FedWatch Tool iShares 20+ Year Treasury Bond ETF (TLT) Pensions piled into private equity. Now they can’t get out. Election betting odds Breaking spaghetti and record fast goals at the Euros Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com This episode is all about where we are vs. where we thought we’d be as we near halftime of 2024. Are we surprised by no rate cuts? Could a bullish real estate environment be on the horizon? Why isn’t there more news/outcry over the bond markets? We’ll look back to answer these questions and look ahead to the buzz of big sporting events and elections coming soon. 


Key Takeaways

  • [00:17] - Looking back at the first half of 2024
  • [07:04] - They will they/won’t they rate cut convo
  • [12:50] - The real estate sector needs rate cuts
  • [15:49] - Why hasn’t there been more outcry over bonds?
  • [19:24] - An update on private equity and venture capitalism
  • [24:40] - Summer heats up with sporting events and elections on the horizon
  • [29:00] - Projecting where we finish the year


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]]> 2031 no Regional Banks, Stock Splits, and Apple AI As volatility makes a return to regional banking, we’ll look at what the markets are telling us about the probability of a soft landing. We then say goodbye to Siri and hello to Apple’s new AI features and discuss the ins and outs of NVIDIA’s stock split.  Key Takeaways [00:18] - PIMCO says more regional bank failures on property are expected [04:51] - Banking strategy and economic growth post-Financial Crisis [12:37] - What is the market saying about the chances of a soft landing? [17:34] - Apple introduces new AI features for iPhone [19:32] - Is the NVIDIA stock split a bullish indicator? View Transcript Links PIMCO warns of more regional bank failures on property pain BoA: Market-implied likelihood of a hard or soft landing CNN Fear & Greed Index iOS 18 AI features will change the game for iPhone users Stocks usually do better after splits Historically you get a better return over time by investing in the S&P at all-time highs compared to any other day Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 12 Jun 2024 14:48:00 -0000 Regional Banks, Stocks Splits, and Apple AI full 1 119 Stokes Family Office As volatility makes a return to regional banking, we’ll look at what the markets are telling us about the probability of a soft landing. We then say goodbye to Siri and hello to Apple’s new AI features and discuss the ins and outs of NVIDIA’s stock split.  Key Takeaways [00:18] - PIMCO says more regional bank failures on property are expected [04:51] - Banking strategy and economic growth post-Financial Crisis [12:37] - What is the market saying about the chances of a soft landing? [17:34] - Apple introduces new AI features for iPhone [19:32] - Is the NVIDIA stock split a bullish indicator? View Transcript Links PIMCO warns of more regional bank failures on property pain BoA: Market-implied likelihood of a hard or soft landing CNN Fear & Greed Index iOS 18 AI features will change the game for iPhone users Stocks usually do better after splits Historically you get a better return over time by investing in the S&P at all-time highs compared to any other day Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As volatility makes a return to regional banking, we’ll look at what the markets are telling us about the probability of a soft landing. We then say goodbye to Siri and hello to Apple’s new AI features and discuss the ins and outs of NVIDIA’s stock split. 


Key Takeaways

  • [00:18] - PIMCO says more regional bank failures on property are expected
  • [04:51] - Banking strategy and economic growth post-Financial Crisis
  • [12:37] - What is the market saying about the chances of a soft landing?
  • [17:34] - Apple introduces new AI features for iPhone
  • [19:32] - Is the NVIDIA stock split a bullish indicator?


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1788 no Can Softening Data Lead to a Tailwind of Growth? As economic data continues to show softness, we predict what that means for rate cuts potentially coming this summer. We’ll look at oil prices and discuss why whether you’re making business or vacation plans, the stability of prices is so important across the economy. Plus, airline travel and car sales are back! Key Takeaways [00:18] - Is the economy telling us that rate cuts are coming?  [05:01] - The tailwinds from dropping oil prices  [11:26] - Do higher rates add to inflation? [17:50] - Travel is back! [22:58] - Cars are back, too? View Transcript Links Rieder: Very positive data for the Fed’s mandate Berger: "The Great Stay" continued in April Grannis: Tight money hasn’t hurt corporate profits Grannis: Charts with a message Zaccardi: Corporate bankruptcies in the US are tapering off Roche: Higher rates do not add to inflation Memorial Day travel: flying like it’s going out of style Auto sales in May highest since April 2023. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 06 Jun 2024 14:47:48 -0000 Can Softening Data Lead to a Tailwind of Growth? full 1 118 Stokes Family Office As economic data continues to show softness, we predict what that means for rate cuts potentially coming this summer. We’ll look at oil prices and discuss why whether you’re making business or vacation plans, the stability of prices is so important across the economy. Plus, airline travel and car sales are back! Key Takeaways [00:18] - Is the economy telling us that rate cuts are coming?  [05:01] - The tailwinds from dropping oil prices  [11:26] - Do higher rates add to inflation? [17:50] - Travel is back! [22:58] - Cars are back, too? View Transcript Links Rieder: Very positive data for the Fed’s mandate Berger: "The Great Stay" continued in April Grannis: Tight money hasn’t hurt corporate profits Grannis: Charts with a message Zaccardi: Corporate bankruptcies in the US are tapering off Roche: Higher rates do not add to inflation Memorial Day travel: flying like it’s going out of style Auto sales in May highest since April 2023. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As economic data continues to show softness, we predict what that means for rate cuts potentially coming this summer. We’ll look at oil prices and discuss why whether you’re making business or vacation plans, the stability of prices is so important across the economy. Plus, airline travel and car sales are back!


Key Takeaways

  • [00:18] - Is the economy telling us that rate cuts are coming? 
  • [05:01] - The tailwinds from dropping oil prices 
  • [11:26] - Do higher rates add to inflation?
  • [17:50] - Travel is back!
  • [22:58] - Cars are back, too?


View Transcript


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1637 no Is NVIDIA the Cisco of Today’s AI Age? NVIDIA is officially the financial story of the year so far, and we’ll look at what it means for the economy as a whole and the future of AI. And with advancements in tech, we’ll examine how that affects data usage and why commodities, not technology, might be the discussion point for the next decade. Key Takeaways [00:17] - NVIDIA is the story of the year [05:12] - Is NVIDIA the Cisco of today? [10:50] - The trial and error of AI [15:42] - Energy usage today + a commodity supercyle incoming? [24:41] - What are Americans’ true sentiments on the economy? View Transcript Links Nvidia now worth more than all German stocks put together Nvidia’s share of data center compute market has grown from about 15% five years ago to circa 80% today Goldman: Peak oil demand is still a decade away Oddlots - Goldman’s Jeff Currie: it’s a commodities supercycle Majority of Americans wrongly believe US is in recession – and most blame Biden Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 30 May 2024 22:25:42 -0000 Is NVIDIA the Cisco of Today’s AI Age? full 1 117 Stokes Family Office NVIDIA is officially the financial story of the year so far, and we’ll look at what it means for the economy as a whole and the future of AI. And with advancements in tech, we’ll examine how that affects data usage and why commodities, not technology, might be the discussion point for the next decade. Key Takeaways [00:17] - NVIDIA is the story of the year [05:12] - Is NVIDIA the Cisco of today? [10:50] - The trial and error of AI [15:42] - Energy usage today + a commodity supercyle incoming? [24:41] - What are Americans’ true sentiments on the economy? View Transcript Links Nvidia now worth more than all German stocks put together Nvidia’s share of data center compute market has grown from about 15% five years ago to circa 80% today Goldman: Peak oil demand is still a decade away Oddlots - Goldman’s Jeff Currie: it’s a commodities supercycle Majority of Americans wrongly believe US is in recession – and most blame Biden Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. NVIDIA is officially the financial story of the year so far, and we’ll look at what it means for the economy as a whole and the future of AI. And with advancements in tech, we’ll examine how that affects data usage and why commodities, not technology, might be the discussion point for the next decade.


Key Takeaways

  • [00:17] - NVIDIA is the story of the year
  • [05:12] - Is NVIDIA the Cisco of today?
  • [10:50] - The trial and error of AI
  • [15:42] - Energy usage today + a commodity supercyle incoming?
  • [24:41] - What are Americans’ true sentiments on the economy?


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1791 no General Optimism Has Been the Recipe for Success As we head into Memorial Day Weekend, we’ll touch on some of the biggest headlines including Trump’s Media company woes and an endless shrimp promotion leading to bankruptcy for Red Lobster. And with the bears dropping out of the conversation, we’ll look at forecast grades for industry experts and how long-term optimism plays into the equation.  Key Takeaways [03:25] - Trump Media hardships [06:37] - Red Lobster and the Endless Shrimp Investigation [09:52] - The business of weight loss [12:45] - Grading gurus and optimists over the long term [19:33] - Inflation update: rent + auto prices  Links Trump Media, valued at $7 billion, booked less than $1 million in first-quarter sales Red Lobster: The endless shrimp investigation WSJ: Red Lobster gets stung by endless shrimp Hims & Hers rallies after launching affordable Wegovy alternatives Nestlé launches frozen food brand aimed at weight-loss drug users JP Morgan's Kolanovic is the last prominent bear as Mike Wilson folds CXO Advisory’s guru grades Detrick: Why is better inflation data coming? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 23 May 2024 14:12:03 -0000 General Optimism Has Been the Recipe for Success full 1 116 Stokes Family Office As we head into Memorial Day Weekend, we’ll touch on some of the biggest headlines including Trump’s Media company woes and an endless shrimp promotion leading to bankruptcy for Red Lobster. And with the bears dropping out of the conversation, we’ll look at forecast grades for industry experts and how long-term optimism plays into the equation.  Key Takeaways [03:25] - Trump Media hardships [06:37] - Red Lobster and the Endless Shrimp Investigation [09:52] - The business of weight loss [12:45] - Grading gurus and optimists over the long term [19:33] - Inflation update: rent + auto prices  Links Trump Media, valued at $7 billion, booked less than $1 million in first-quarter sales Red Lobster: The endless shrimp investigation WSJ: Red Lobster gets stung by endless shrimp Hims & Hers rallies after launching affordable Wegovy alternatives Nestlé launches frozen food brand aimed at weight-loss drug users JP Morgan's Kolanovic is the last prominent bear as Mike Wilson folds CXO Advisory’s guru grades Detrick: Why is better inflation data coming? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we head into Memorial Day Weekend, we’ll touch on some of the biggest headlines including Trump’s Media company woes and an endless shrimp promotion leading to bankruptcy for Red Lobster. And with the bears dropping out of the conversation, we’ll look at forecast grades for industry experts and how long-term optimism plays into the equation. 


Key Takeaways

  • [03:25] - Trump Media hardships
  • [06:37] - Red Lobster and the Endless Shrimp Investigation
  • [09:52] - The business of weight loss
  • [12:45] - Grading gurus and optimists over the long term
  • [19:33] - Inflation update: rent + auto prices 


Links


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Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.



]]> 1452 no Shelter Continues to Drive Inflation As markets hit all-time highs again, we’ll look at shelter being the key driver of inflation. We’ll also touch on Roaring Kitty, meme stocks, and why you can’t gamble on the markets. We’ll finish with the Scottie Scheffler story and take a look at the future of EVs and fossil fuel consumption. Key Takeaways [02:41] - Shelter continues to be the main inflation driver  [08:05] - Who is Roaring Kitty + gambling on the markets [12:48] - Scottie Scheffler arrest story [15:27] - The decline of Bird Scooters + Apple Vision Pros [18:18] - Electric vehicles & improving tech/techniques for fossil fuels Links Zandi: harmonized core CPI inflation (from the BLS) and harmonized core PCE inflation Roche: Shelter will continue to be the main driver of inflation in the coming year. Davey Day Trader Scottie Scheffler arrested before PGA Championship Round 2 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 17 May 2024 18:13:00 -0000 Shelter Continues to Drive Inflation full 1 115 Stokes Family Office As markets hit all-time highs again, we’ll look at shelter being the key driver of inflation. We’ll also touch on Roaring Kitty, meme stocks, and why you can’t gamble on the markets. We’ll finish with the Scottie Scheffler story and take a look at the future of EVs and fossil fuel consumption. Key Takeaways [02:41] - Shelter continues to be the main inflation driver  [08:05] - Who is Roaring Kitty + gambling on the markets [12:48] - Scottie Scheffler arrest story [15:27] - The decline of Bird Scooters + Apple Vision Pros [18:18] - Electric vehicles & improving tech/techniques for fossil fuels Links Zandi: harmonized core CPI inflation (from the BLS) and harmonized core PCE inflation Roche: Shelter will continue to be the main driver of inflation in the coming year. Davey Day Trader Scottie Scheffler arrested before PGA Championship Round 2 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As markets hit all-time highs again, we’ll look at shelter being the key driver of inflation. We’ll also touch on Roaring Kitty, meme stocks, and why you can’t gamble on the markets. We’ll finish with the Scottie Scheffler story and take a look at the future of EVs and fossil fuel consumption.


Key Takeaways

  • [02:41] - Shelter continues to be the main inflation driver 
  • [08:05] - Who is Roaring Kitty + gambling on the markets
  • [12:48] - Scottie Scheffler arrest story
  • [15:27] - The decline of Bird Scooters + Apple Vision Pros
  • [18:18] - Electric vehicles & improving tech/techniques for fossil fuels


Links


Connect with our hosts


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1730 no In the Grand Scheme of Things We jump into a conversation we recently had about the inverted yield curve and what it means as a recessionary signal plus, why the charlatans and doom-and-gloomers continue to pop up. We’ll then take a trip down memory lane, via stats and stories, about what investing was like in the early 2000s and what it’s like at all-time highs. We’ll finish with a reminder that although the short term can feel long, it’s important to contextualize and focus on the long term.  Key Takeaways [00:18] - The inverted yield curve + bank deposit rates [05:07] - Recession charlatans + are there any reliable market signals? [11:27] - Investing at all-time highs and in the early 2000s [18:37] - Focusing on the macro/long-term Links Timmer: Maybe the 0.5% bank deposit rate has something to do with the lack of economic response At JPMorgan, the nation's largest bank, net interest income dropped 4% from the previous quarter, falling for the first time in 11 quarters Don’t take investment advice from Robert Kiyosaki Cardone: WARNING: Stock Market is due for 50% correction taking S&P below 2674 Zaccardi: Investing at all-time highs isn't so bad Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 10 May 2024 14:10:44 -0000 In the Grand Scheme of Things full 1 114 Stokes Family Office We jump into a conversation we recently had about the inverted yield curve and what it means as a recessionary signal plus, why the charlatans and doom-and-gloomers continue to pop up. We’ll then take a trip down memory lane, via stats and stories, about what investing was like in the early 2000s and what it’s like at all-time highs. We’ll finish with a reminder that although the short term can feel long, it’s important to contextualize and focus on the long term.  Key Takeaways [00:18] - The inverted yield curve + bank deposit rates [05:07] - Recession charlatans + are there any reliable market signals? [11:27] - Investing at all-time highs and in the early 2000s [18:37] - Focusing on the macro/long-term Links Timmer: Maybe the 0.5% bank deposit rate has something to do with the lack of economic response At JPMorgan, the nation's largest bank, net interest income dropped 4% from the previous quarter, falling for the first time in 11 quarters Don’t take investment advice from Robert Kiyosaki Cardone: WARNING: Stock Market is due for 50% correction taking S&P below 2674 Zaccardi: Investing at all-time highs isn't so bad Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We jump into a conversation we recently had about the inverted yield curve and what it means as a recessionary signal plus, why the charlatans and doom-and-gloomers continue to pop up. We’ll then take a trip down memory lane, via stats and stories, about what investing was like in the early 2000s and what it’s like at all-time highs. We’ll finish with a reminder that although the short term can feel long, it’s important to contextualize and focus on the long term. 


Key Takeaways

  • [00:18] - The inverted yield curve + bank deposit rates
  • [05:07] - Recession charlatans + are there any reliable market signals?
  • [11:27] - Investing at all-time highs and in the early 2000s
  • [18:37] - Focusing on the macro/long-term


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1330 no The Market Reacts to Fed Day As earnings and economic growth deliver above expectations, the market is digesting new information from Jerome Powell and the Fed that rate cuts aren’t coming soon. We’ll look back at the last 30 years of returns and ahead to the next 10 years of prices, discuss offshoring jobs, and give bond market and inflation updates. Key Takeaways [00:19] - Fed Day breakdown [05:07] - April brought a much-needed market reset [09:16] - Looking back at the last 30 years' returns + what to expect over the next 10 [16:50] - The efficiency of offshoring jobs [24:51] - Bond market + inflation updates Links YTD we see 10 of 11 sectors are higher, with cyclical areas like energy, industrials and financials leading the way So far, in Q1, the #EPS surprises have been the highest since 2021 with the dispersion of results elevated Did you know the S&P 500 was up 9 of the past 10 years in May? 30 Years of financial market returns Prices 10 years from now Faber: I'm so bullish on US stocks I think you should invest most of your money here The lagging components of the inflation basket Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 02 May 2024 19:28:45 -0000 The Market Reacts to Fed Day full 1 113 Stokes Family Office As earnings and economic growth deliver above expectations, the market is digesting new information from Jerome Powell and the Fed that rate cuts aren’t coming soon. We’ll look back at the last 30 years of returns and ahead to the next 10 years of prices, discuss offshoring jobs, and give bond market and inflation updates. Key Takeaways [00:19] - Fed Day breakdown [05:07] - April brought a much-needed market reset [09:16] - Looking back at the last 30 years' returns + what to expect over the next 10 [16:50] - The efficiency of offshoring jobs [24:51] - Bond market + inflation updates Links YTD we see 10 of 11 sectors are higher, with cyclical areas like energy, industrials and financials leading the way So far, in Q1, the #EPS surprises have been the highest since 2021 with the dispersion of results elevated Did you know the S&P 500 was up 9 of the past 10 years in May? 30 Years of financial market returns Prices 10 years from now Faber: I'm so bullish on US stocks I think you should invest most of your money here The lagging components of the inflation basket Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As earnings and economic growth deliver above expectations, the market is digesting new information from Jerome Powell and the Fed that rate cuts aren’t coming soon. We’ll look back at the last 30 years of returns and ahead to the next 10 years of prices, discuss offshoring jobs, and give bond market and inflation updates.


Key Takeaways

  • [00:19] - Fed Day breakdown
  • [05:07] - April brought a much-needed market reset
  • [09:16] - Looking back at the last 30 years' returns + what to expect over the next 10
  • [16:50] - The efficiency of offshoring jobs
  • [24:51] - Bond market + inflation updates


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1700 no Sticking With a Game Plan It’s peak season in Nola with Jazz Fest, the Zurich Classic, the Pels in the Playoffs, and town is buzzing. We’ll zoom out to examine what all that spending means for the national economy. We’ll also look at wide-breadth market participation and why despite a sell-off in tech, the rest of the market is holding up well. We finish with a rearview mirror view of COVID-era oil prices, how we missed a recession, and what we’re expecting for the rest of this year.  Key Takeaways [00:20] - Fun times in Nola and what that means for the national economy [03:00] - Mixed signals from the country’s biggest economists  [06:38] - Things look good with the rest of the 495 S&P stocks [12:18] - The COVID oil crash and why you stick with a game plan [18:20] - Looking back at how we missed a recession & ahead to the rest of 2024 Links S&P 500 Is Ripe for Further Gains, JPMorgan’s Trading Desk Says Morgan Stanley’s Wilson Is Steering Clear of Bold S&P 500 Calls Meta tumbles 12% after a disappointing second-quarter revenue forecast S&P 1500 Value P/E How rare was Friday? 300+ S&P 500 stocks were green, yet the index was down 0.9% which has only happened once since 1998 Four years ago, oil prices went negative How rising interest rates change the relationship between stocks and bonds Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 25 Apr 2024 16:03:43 -0000 Sticking With a Game Plan full 1 112 Stokes Family Office It’s peak season in Nola with Jazz Fest, the Zurich Classic, the Pels in the Playoffs, and town is buzzing. We’ll zoom out to examine what all that spending means for the national economy. We’ll also look at wide-breadth market participation and why despite a sell-off in tech, the rest of the market is holding up well. We finish with a rearview mirror view of COVID-era oil prices, how we missed a recession, and what we’re expecting for the rest of this year.  Key Takeaways [00:20] - Fun times in Nola and what that means for the national economy [03:00] - Mixed signals from the country’s biggest economists  [06:38] - Things look good with the rest of the 495 S&P stocks [12:18] - The COVID oil crash and why you stick with a game plan [18:20] - Looking back at how we missed a recession & ahead to the rest of 2024 Links S&P 500 Is Ripe for Further Gains, JPMorgan’s Trading Desk Says Morgan Stanley’s Wilson Is Steering Clear of Bold S&P 500 Calls Meta tumbles 12% after a disappointing second-quarter revenue forecast S&P 1500 Value P/E How rare was Friday? 300+ S&P 500 stocks were green, yet the index was down 0.9% which has only happened once since 1998 Four years ago, oil prices went negative How rising interest rates change the relationship between stocks and bonds Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. It’s peak season in Nola with Jazz Fest, the Zurich Classic, the Pels in the Playoffs, and town is buzzing. We’ll zoom out to examine what all that spending means for the national economy. We’ll also look at wide-breadth market participation and why despite a sell-off in tech, the rest of the market is holding up well. We finish with a rearview mirror view of COVID-era oil prices, how we missed a recession, and what we’re expecting for the rest of this year. 


Key Takeaways

  • [00:20] - Fun times in Nola and what that means for the national economy
  • [03:00] - Mixed signals from the country’s biggest economists 
  • [06:38] - Things look good with the rest of the 495 S&P stocks
  • [12:18] - The COVID oil crash and why you stick with a game plan
  • [18:20] - Looking back at how we missed a recession & ahead to the rest of 2024


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1645 no Another Reminder to Ignore the Forecasts While the debt doomers circle, we’ll examine why no one is good at forecasting and why widely acceptable notions of cross-asset correlations are wrong. We’ll also focus on the market's strengths and discuss the incredible power of America’s dollar, wages, and efficient energy output. Key Takeaways [00:17] - Inflation Update + shelter’s outsized effect [06:33] - Disinflation + the debt-doom loop [09:40] - The power of the US: the Dollar, our wages, energy production [13:36] - The incredible efficiency of modern oil/energy markets [15:09] - What’s happened recently when the SP has broken a positive trend line [16:16] - The surprising market reaction to Iran’s missile attack Links Bilello: The Start of a Correction (March CPI Data) Apartment List National Rent Report (April) Grannis: Moderate growth and disinflation still alive and well Weniger: A massive wage arbitrage has opened between the US and its competitors USA has switched from large importer of oil & gas to a significant exporter Carmel: We're not in a 1970s-style oil-inflation spiral Detrick: S&P 500 broke the trend line from late October. What’s next? Carmel: We are objectively terrible at forecasting rates Roche: Why savers are in hog heaven Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 18 Apr 2024 14:00:00 -0000 Another Reminder to Ignore the Forecasts full 1 111 Stokes Family Office While the debt doomers circle, we’ll examine why no one is good at forecasting and why widely acceptable notions of cross-asset correlations are wrong. We’ll also focus on the market's strengths and discuss the incredible power of America’s dollar, wages, and efficient energy output. Key Takeaways [00:17] - Inflation Update + shelter’s outsized effect [06:33] - Disinflation + the debt-doom loop [09:40] - The power of the US: the Dollar, our wages, energy production [13:36] - The incredible efficiency of modern oil/energy markets [15:09] - What’s happened recently when the SP has broken a positive trend line [16:16] - The surprising market reaction to Iran’s missile attack Links Bilello: The Start of a Correction (March CPI Data) Apartment List National Rent Report (April) Grannis: Moderate growth and disinflation still alive and well Weniger: A massive wage arbitrage has opened between the US and its competitors USA has switched from large importer of oil & gas to a significant exporter Carmel: We're not in a 1970s-style oil-inflation spiral Detrick: S&P 500 broke the trend line from late October. What’s next? Carmel: We are objectively terrible at forecasting rates Roche: Why savers are in hog heaven Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. While the debt doomers circle, we’ll examine why no one is good at forecasting and why widely acceptable notions of cross-asset correlations are wrong. We’ll also focus on the market's strengths and discuss the incredible power of America’s dollar, wages, and efficient energy output.


Key Takeaways

  • [00:17] - Inflation Update + shelter’s outsized effect
  • [06:33] - Disinflation + the debt-doom loop
  • [09:40] - The power of the US: the Dollar, our wages, energy production
  • [13:36] - The incredible efficiency of modern oil/energy markets
  • [15:09] - What’s happened recently when the SP has broken a positive trend line
  • [16:16] - The surprising market reaction to Iran’s missile attack


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1443 no CPI Day! Inflation, EVs, and Masters Picks New CPI data is here, and the economy continues to run hotter than the market was expecting. What does that mean for the Fed cuts we’ve been talking so much about? And are we now in a position to be more accommodative if the market does stall? All of that, plus global parenting trends and our hopes for Tiger at Augusta.  Key Takeaways [00:17] - CPI Day + Will they or won’t they make cuts? [05:20] - The inflationary impacts of insurance costs [11:24] - Trump’s SPAC & the return of meme/bitcoin [16:45] - EVs + the future of self-driving [19:10] - Why the U.S. economy has yet to break [25:48] - Parenting data + Masters picks Links Stocks hit by Fed-pivot rethink as oil climbs $DJT share price “is back to the level it debuted at on March 26th US sees missile strike on Israel by Iran, proxies as imminent The average price of a used Tesla has declined 21 months in a row Peccatiell: With all the rate hikes, why hasn’t the U.S. economy broken? Parenting has become far more intensive in most developed countries Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 11 Apr 2024 14:20:54 -0000 CPI Day! Inflation, EVs, and Masters Picks full 1 110 Stokes Family Office New CPI data is here, and the economy continues to run hotter than the market was expecting. What does that mean for the Fed cuts we’ve been talking so much about? And are we now in a position to be more accommodative if the market does stall? All of that, plus global parenting trends and our hopes for Tiger at Augusta.  Key Takeaways [00:17] - CPI Day + Will they or won’t they make cuts? [05:20] - The inflationary impacts of insurance costs [11:24] - Trump’s SPAC & the return of meme/bitcoin [16:45] - EVs + the future of self-driving [19:10] - Why the U.S. economy has yet to break [25:48] - Parenting data + Masters picks Links Stocks hit by Fed-pivot rethink as oil climbs $DJT share price “is back to the level it debuted at on March 26th US sees missile strike on Israel by Iran, proxies as imminent The average price of a used Tesla has declined 21 months in a row Peccatiell: With all the rate hikes, why hasn’t the U.S. economy broken? Parenting has become far more intensive in most developed countries Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. New CPI data is here, and the economy continues to run hotter than the market was expecting. What does that mean for the Fed cuts we’ve been talking so much about? And are we now in a position to be more accommodative if the market does stall? All of that, plus global parenting trends and our hopes for Tiger at Augusta. 


Key Takeaways

  • [00:17] - CPI Day + Will they or won’t they make cuts?
  • [05:20] - The inflationary impacts of insurance costs
  • [11:24] - Trump’s SPAC & the return of meme/bitcoin
  • [16:45] - EVs + the future of self-driving
  • [19:10] - Why the U.S. economy has yet to break
  • [25:48] - Parenting data + Masters picks


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1772 no The Scoreboard Looks Good After the First Quarter We’ll react to Jerome Powell’s post-Quarter 1 comments and look at inflation and the economy related to oil/gas, real estate, and commodities prices. We’ll then look at strong financial numbers coming out of Mexico and prognosticate what a bright future could look like with our Southern neighbors as a main manufacturing partner. We’ll finish by joining the national narrative on Caitlin Clark, LSU, and the rise of women’s hoops.  Key Takeaways [00:17] - A big picture view after quarter 1 [06:35] - Inflation risks as the price of commodities increases [09:51] - The interesting parallel between oil/gas and real estate  [14:32] - Recovery #s for SBF & Madoff clients  [15:50] - Mexico unemployment down, peso up [19:07] - The golden rule of compounding Links Timmer: After falling a modest 2.8% in '23, earnings are expected to grow 9% in '24 1st time since Q3 of 2022 that Tesla has delivered under 400,000 units in a quarter Housel: the % of hedge funds & mutual funds that did worse than investing with Madoff Bilello: never interrupt compounding unnecessarily Women’s Final 4 ticket prices are twice that of the men’s  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 04 Apr 2024 02:31:37 -0000 The Scoreboard Looks Good After the First Quarter full 1 109 Stokes Family Office We’ll react to Jerome Powell’s post-Quarter 1 comments and look at inflation and the economy related to oil/gas, real estate, and commodities prices. We’ll then look at strong financial numbers coming out of Mexico and prognosticate what a bright future could look like with our Southern neighbors as a main manufacturing partner. We’ll finish by joining the national narrative on Caitlin Clark, LSU, and the rise of women’s hoops.  Key Takeaways [00:17] - A big picture view after quarter 1 [06:35] - Inflation risks as the price of commodities increases [09:51] - The interesting parallel between oil/gas and real estate  [14:32] - Recovery #s for SBF & Madoff clients  [15:50] - Mexico unemployment down, peso up [19:07] - The golden rule of compounding Links Timmer: After falling a modest 2.8% in '23, earnings are expected to grow 9% in '24 1st time since Q3 of 2022 that Tesla has delivered under 400,000 units in a quarter Housel: the % of hedge funds & mutual funds that did worse than investing with Madoff Bilello: never interrupt compounding unnecessarily Women’s Final 4 ticket prices are twice that of the men’s  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We’ll react to Jerome Powell’s post-Quarter 1 comments and look at inflation and the economy related to oil/gas, real estate, and commodities prices. We’ll then look at strong financial numbers coming out of Mexico and prognosticate what a bright future could look like with our Southern neighbors as a main manufacturing partner. We’ll finish by joining the national narrative on Caitlin Clark, LSU, and the rise of women’s hoops. 


Key Takeaways

  • [00:17] - A big picture view after quarter 1
  • [06:35] - Inflation risks as the price of commodities increases
  • [09:51] - The interesting parallel between oil/gas and real estate 
  • [14:32] - Recovery #s for SBF & Madoff clients 
  • [15:50] - Mexico unemployment down, peso up
  • [19:07] - The golden rule of compounding


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1498 no Creating Wealth Through Long-Term Holds We’ll start with the flurry of current event news, from the Baltimore Bridge to Trump’s new SPAC. We’ll then look at the FOMO effect of positive markets and discuss how long-term holds can be a time-tested tool to grow your wealth. Key Takeaways [00:17] - Trump’s Truth Social SPAC [03:53] - Baltimore bridge tragedy [08:00] - Historic data after 5-month wins streaks & the start of bear markets  [11:23] - Wealth creation through long-term holds [17:26] - Financial conditions and American energy efficiency are soaring Links Trump’s Truth Social starts trading with a market value near $6.8 billion after SPAC deal Baltimore Key Bridge collapses after ship collision Cocoa prices hit $10,000 per metric ton for the first time ever The S&P 500 is about to be up 5 months in a row Detrick: buying fear is historically a strong idea Yale School of Mgmt: On the Nature of Long-Term Holds Scott Grannis: Financial Conditions Look Excellent Grannis: U.S. energy efficiency has soared Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 27 Mar 2024 16:18:32 -0000 Creating Wealth Through Long-Term Holds full 1 108 Stokes Family Office We’ll start with the flurry of current event news, from the Baltimore Bridge to Trump’s new SPAC. We’ll then look at the FOMO effect of positive markets and discuss how long-term holds can be a time-tested tool to grow your wealth. Key Takeaways [00:17] - Trump’s Truth Social SPAC [03:53] - Baltimore bridge tragedy [08:00] - Historic data after 5-month wins streaks & the start of bear markets  [11:23] - Wealth creation through long-term holds [17:26] - Financial conditions and American energy efficiency are soaring Links Trump’s Truth Social starts trading with a market value near $6.8 billion after SPAC deal Baltimore Key Bridge collapses after ship collision Cocoa prices hit $10,000 per metric ton for the first time ever The S&P 500 is about to be up 5 months in a row Detrick: buying fear is historically a strong idea Yale School of Mgmt: On the Nature of Long-Term Holds Scott Grannis: Financial Conditions Look Excellent Grannis: U.S. energy efficiency has soared Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We’ll start with the flurry of current event news, from the Baltimore Bridge to Trump’s new SPAC. We’ll then look at the FOMO effect of positive markets and discuss how long-term holds can be a time-tested tool to grow your wealth.


Key Takeaways

  • [00:17] - Trump’s Truth Social SPAC
  • [03:53] - Baltimore bridge tragedy
  • [08:00] - Historic data after 5-month wins streaks & the start of bear markets 
  • [11:23] - Wealth creation through long-term holds
  • [17:26] - Financial conditions and American energy efficiency are soaring


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1424 no The Roaring 20s Minus the Vibes We’re beginning to sound like a broken record as we record each week coming off more market highs. We’ll discuss how Crypto has roared back after making it through multiple speculative cycles. We’ll also review the positivity that comes with broader market participation. We’ll then examine why you can’t have the debt conversation without also looking at assets and end with the effect of inflation on America’s housing market.  Key Takeaways [00:17] - One of history’s longest bull runs continues [02:53] - Crypto, and conversations about Crypto, are back [07:48] - The increasing breadth of the S&P 500 [11:03] - Is this the Roaring 20s minus the vibes? [14:10] - Space launches, AI productivity, and optimism for the future  [15:55] - Looking at assets along with debt [22:42] - Inflation’s effect on new real estate coming online Links Detrick: Returns mostly driven by earnings over longer periods Today's Cryptocurrency Prices by Market Cap All-Star Charts: the broadening of market participation Carlson: comparing today with the Roaring 20s Carlson: Households are growing their assets faster than liabilities Ten Global Trends Every Smart Person Should Know US Dollar Index Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 22 Mar 2024 23:00:26 -0000 The Roaring 20s Minus the Vibes full 1 107 Stokes Family Office We’re beginning to sound like a broken record as we record each week coming off more market highs. We’ll discuss how Crypto has roared back after making it through multiple speculative cycles. We’ll also review the positivity that comes with broader market participation. We’ll then examine why you can’t have the debt conversation without also looking at assets and end with the effect of inflation on America’s housing market.  Key Takeaways [00:17] - One of history’s longest bull runs continues [02:53] - Crypto, and conversations about Crypto, are back [07:48] - The increasing breadth of the S&P 500 [11:03] - Is this the Roaring 20s minus the vibes? [14:10] - Space launches, AI productivity, and optimism for the future  [15:55] - Looking at assets along with debt [22:42] - Inflation’s effect on new real estate coming online Links Detrick: Returns mostly driven by earnings over longer periods Today's Cryptocurrency Prices by Market Cap All-Star Charts: the broadening of market participation Carlson: comparing today with the Roaring 20s Carlson: Households are growing their assets faster than liabilities Ten Global Trends Every Smart Person Should Know US Dollar Index Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We’re beginning to sound like a broken record as we record each week coming off more market highs. We’ll discuss how Crypto has roared back after making it through multiple speculative cycles. We’ll also review the positivity that comes with broader market participation. We’ll then examine why you can’t have the debt conversation without also looking at assets and end with the effect of inflation on America’s housing market. 


Key Takeaways

  • [00:17] - One of history’s longest bull runs continues
  • [02:53] - Crypto, and conversations about Crypto, are back
  • [07:48] - The increasing breadth of the S&P 500
  • [11:03] - Is this the Roaring 20s minus the vibes?
  • [14:10] - Space launches, AI productivity, and optimism for the future 
  • [15:55] - Looking at assets along with debt
  • [22:42] - Inflation’s effect on new real estate coming online


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1810 no The Historic Rally Continues With the markets at all-time highs and earnings rising in tandem, we’ll look at why and how the narrative changed so drastically over the last 6 months. Plus, we’ll discuss recession risks being taken off the table with commercial real estate rebounding and the Fed having lots of room to make cuts.   Key Takeaways [00:17] - One of the greatest 19-week rallies ever [02:12] - The recession narrative has changed over the last 6 months [06:27] - Earnings growth of the S&P 500 [12:30] - Rebounding CRE prices and more positive economic signs [18:10] - More troubles for the airline industry  Links Detrick: We're in the middle of one of the greatest 19-week rallies ever Inverted yield curve no longer reliable recession flag, strategists say Roche: Inflation is still in a downtrend APOLLO: commercial real estate prices are starting to recover Scary moments on recent Boeing flight Statistical summary of commercial jet airplane accidents Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 14 Mar 2024 19:59:10 -0000 The Historic Rally Continues full 1 106 Stokes Family Office With the markets at all-time highs and earnings rising in tandem, we’ll look at why and how the narrative changed so drastically over the last 6 months. Plus, we’ll discuss recession risks being taken off the table with commercial real estate rebounding and the Fed having lots of room to make cuts.   Key Takeaways [00:17] - One of the greatest 19-week rallies ever [02:12] - The recession narrative has changed over the last 6 months [06:27] - Earnings growth of the S&P 500 [12:30] - Rebounding CRE prices and more positive economic signs [18:10] - More troubles for the airline industry  Links Detrick: We're in the middle of one of the greatest 19-week rallies ever Inverted yield curve no longer reliable recession flag, strategists say Roche: Inflation is still in a downtrend APOLLO: commercial real estate prices are starting to recover Scary moments on recent Boeing flight Statistical summary of commercial jet airplane accidents Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. With the markets at all-time highs and earnings rising in tandem, we’ll look at why and how the narrative changed so drastically over the last 6 months. Plus, we’ll discuss recession risks being taken off the table with commercial real estate rebounding and the Fed having lots of room to make cuts.  


Key Takeaways

  • [00:17] - One of the greatest 19-week rallies ever
  • [02:12] - The recession narrative has changed over the last 6 months
  • [06:27] - Earnings growth of the S&P 500
  • [12:30] - Rebounding CRE prices and more positive economic signs
  • [18:10] - More troubles for the airline industry 


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1477 Is the Market in Need of a Breather? https://lagniappe.stokesfamilyoffice.com/ This week, we’ll start with the latest jobs report and examine NVIDIA’s wild ride over the last two weeks. We’ll then discuss troubles with Apple and the airline industry and address concerns that the Fed will lower rates too late. We’ll wrap up with a look at this bull market cycle and how a healthy correction could take place. Key Takeaways [00:17] - Jobs and NVIDIA’s last 15 days [04:10] - Apple’s woes and Google's comparison [10:11] - Troubles in the Airline Industry [11:50] - Costco and the pricing power trend [12:58] - Truflation vs what the Fed is saying [19:21] - Is the market in need of a breather? Links NVIDIA added an entire Tesla AND Starbucks in market cap in the last two weeks Citi lowers Apple stock-price target. Blame iPhone sales in China Tire falls off of United Flight Costco has a money-saving plan that beats inflation Powell reinforces position that the Fed is not ready to start cutting interest rates Truflation today is 1.63% Bitcoin crossed above $70,000 for the first time US gasoline prices are at the highest now since November Carlson: What does a healthy correction look like? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 08 Mar 2024 20:40:00 -0000 Is the Market in Need of a Breather? full 1 105 Stokes Family Office This week, we’ll start with the latest jobs report and examine NVIDIA’s wild ride over the last two weeks. We’ll then discuss troubles with Apple and the airline industry and address concerns that the Fed will lower rates too late. We’ll wrap up with a look at this bull market cycle and how a healthy correction could take place. Key Takeaways [00:17] - Jobs and NVIDIA’s last 15 days [04:10] - Apple’s woes and Google's comparison [10:11] - Troubles in the Airline Industry [11:50] - Costco and the pricing power trend [12:58] - Truflation vs what the Fed is saying [19:21] - Is the market in need of a breather? Links NVIDIA added an entire Tesla AND Starbucks in market cap in the last two weeks Citi lowers Apple stock-price target. Blame iPhone sales in China Tire falls off of United Flight Costco has a money-saving plan that beats inflation Powell reinforces position that the Fed is not ready to start cutting interest rates Truflation today is 1.63% Bitcoin crossed above $70,000 for the first time US gasoline prices are at the highest now since November Carlson: What does a healthy correction look like? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, we’ll start with the latest jobs report and examine NVIDIA’s wild ride over the last two weeks. We’ll then discuss troubles with Apple and the airline industry and address concerns that the Fed will lower rates too late. We’ll wrap up with a look at this bull market cycle and how a healthy correction could take place.


Key Takeaways

  • [00:17] - Jobs and NVIDIA’s last 15 days
  • [04:10] - Apple’s woes and Google's comparison
  • [10:11] - Troubles in the Airline Industry
  • [11:50] - Costco and the pricing power trend
  • [12:58] - Truflation vs what the Fed is saying
  • [19:21] - Is the market in need of a breather?


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1666 Why the Risk Appetite Has Returned https://lagniappe.stokesfamilyoffice.com/ We’re coming off of another good market month. Sentiment is bullish, and we’ll look into why that’s the case. We’ll then discuss how/why we should hedge that optimism with historical data and end with updates on the electric vehicle and bond markets. Key Takeaways [00:16] - The risk appetite has returned [04:52] - Why are the vibes the way they are right now? [09:09] - Hedging optimism [13:15] - Mania in the EV sector  [18:42] - Bond market update Links Detrick: what happens historically when the S&P 500 is higher in both Jan and Feb Carlson: A long time horizon is the ultimate equalizer in the stock market Apollo’s Torsten Slok Says Fed Will Not Cut Rates in 2024 Detrick: stocks are up because we are looking at a major jump in productivity and EPS over the coming years Galloway: Corporate Ozempic Rivian and EV mania Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 01 Mar 2024 19:38:00 -0000 Why the Risk Appetite Has Returned full 1 104 Stokes Family Office We’re coming off of another good market month. Sentiment is bullish, and we’ll look into why that’s the case. We’ll then discuss how/why we should hedge that optimism with historical data and end with updates on the electric vehicle and bond markets. Key Takeaways [00:16] - The risk appetite has returned [04:52] - Why are the vibes the way they are right now? [09:09] - Hedging optimism [13:15] - Mania in the EV sector  [18:42] - Bond market update Links Detrick: what happens historically when the S&P 500 is higher in both Jan and Feb Carlson: A long time horizon is the ultimate equalizer in the stock market Apollo’s Torsten Slok Says Fed Will Not Cut Rates in 2024 Detrick: stocks are up because we are looking at a major jump in productivity and EPS over the coming years Galloway: Corporate Ozempic Rivian and EV mania Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We’re coming off of another good market month. Sentiment is bullish, and we’ll look into why that’s the case. We’ll then discuss how/why we should hedge that optimism with historical data and end with updates on the electric vehicle and bond markets.


Key Takeaways

  • [00:16] - The risk appetite has returned
  • [04:52] - Why are the vibes the way they are right now?
  • [09:09] - Hedging optimism
  • [13:15] - Mania in the EV sector 
  • [18:42] - Bond market update


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1376 no Price Matters: AI Mania and Investing in Market Highs NVIDIA is the story of the week. We’ll look at their rising market cap and why price matters more than hype when it comes to new hot sectors like AI. We’ll also discuss practical AI uses, from big banks to our personal relationships. We end with our suggested advice on how to handle thinking about peaks vs. cliffs during market highs.  Key Takeaways [00:16] - AI is becoming the new hot topic [03:57] - NVIDIA’s exploding market cap [07:22] - NVIDIA’s dependence on the Magnificent 7 [08:01] - After 34 years, Japan’s market hits record close [13:25] - Growing, practical use cases for AI  [17:50] - What should the investment mindset be with markets at all-time highs? [22:13] - Stocks and bonds correlation Links Lex Fridman podcast with Bill Ackman  Nvidia's market cap is over $200B higher than all of the companies in the S&P 500 Energy sector...combined Japan’s Nikkei, after 34 Years, briefly tops record close in intraday trading Timmer: The macro narrative is unfolding as expected Sora, Open AI’s text-to-video technology Why a stock peak isn’t a cliff Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 23 Feb 2024 19:59:52 -0000 Price Matters: AI Mania and Investing in Market Highs full 1 103 Stokes Family Office NVIDIA is the story of the week. We’ll look at their rising market cap and why price matters more than hype when it comes to new hot sectors like AI. We’ll also discuss practical AI uses, from big banks to our personal relationships. We end with our suggested advice on how to handle thinking about peaks vs. cliffs during market highs.  Key Takeaways [00:16] - AI is becoming the new hot topic [03:57] - NVIDIA’s exploding market cap [07:22] - NVIDIA’s dependence on the Magnificent 7 [08:01] - After 34 years, Japan’s market hits record close [13:25] - Growing, practical use cases for AI  [17:50] - What should the investment mindset be with markets at all-time highs? [22:13] - Stocks and bonds correlation Links Lex Fridman podcast with Bill Ackman  Nvidia's market cap is over $200B higher than all of the companies in the S&P 500 Energy sector...combined Japan’s Nikkei, after 34 Years, briefly tops record close in intraday trading Timmer: The macro narrative is unfolding as expected Sora, Open AI’s text-to-video technology Why a stock peak isn’t a cliff Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. NVIDIA is the story of the week. We’ll look at their rising market cap and why price matters more than hype when it comes to new hot sectors like AI. We’ll also discuss practical AI uses, from big banks to our personal relationships. We end with our suggested advice on how to handle thinking about peaks vs. cliffs during market highs. 


Key Takeaways

  • [00:16] - AI is becoming the new hot topic
  • [03:57] - NVIDIA’s exploding market cap
  • [07:22] - NVIDIA’s dependence on the Magnificent 7
  • [08:01] - After 34 years, Japan’s market hits record close
  • [13:25] - Growing, practical use cases for AI 
  • [17:50] - What should the investment mindset be with markets at all-time highs?
  • [22:13] - Stocks and bonds correlation


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1569 no A Real Estate Market Update With Seth Johnson of 388 Ventures During the Mardi Gras break, we welcome on Seth Johnson, a partner at 388 Ventures. With his wealth of real estate experience and insight, he’ll tell us about the impact of COVID and how it got us to this point. We’ll discuss the challenges that developers and project sponsors are facing, the emergence of a new, alternative lending market, and the banks’ current decision tree. Seth also gives his outlook for multi-family and the real estate market as a whole and what we should be looking forward to during and after this high-interest rate cycle. Key Takeaways [00:15] - Meet Seth Johnson, partner at 388 Ventures  [01:51] - What happened during COVID and what’s happening now  [04:20] - Bid ask challenges for developers/project sponsors after optimistic underwriting [07:22] - What do banks want to do now? And what options do borrowers have? [11:57] - The short and intermediate-term forecast for real estate [17:39] - The long-term outlook for multi-family [20:20] - Capitalizing a deal in today's environment Links Seth Johnson 388 Ventures The bill Is coming due on a record amount of commercial real estate debt The price gap between renting and buying has hit the widest point since 2000 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 15 Feb 2024 15:52:00 -0000 A Real Estate Market Update With Seth Johnson of 388 Ventures full 1 102 Stokes Family Office During the Mardi Gras break, we welcome on Seth Johnson, a partner at 388 Ventures. With his wealth of real estate experience and insight, he’ll tell us about the impact of COVID and how it got us to this point. We’ll discuss the challenges that developers and project sponsors are facing, the emergence of a new, alternative lending market, and the banks’ current decision tree. Seth also gives his outlook for multi-family and the real estate market as a whole and what we should be looking forward to during and after this high-interest rate cycle. Key Takeaways [00:15] - Meet Seth Johnson, partner at 388 Ventures  [01:51] - What happened during COVID and what’s happening now  [04:20] - Bid ask challenges for developers/project sponsors after optimistic underwriting [07:22] - What do banks want to do now? And what options do borrowers have? [11:57] - The short and intermediate-term forecast for real estate [17:39] - The long-term outlook for multi-family [20:20] - Capitalizing a deal in today's environment Links Seth Johnson 388 Ventures The bill Is coming due on a record amount of commercial real estate debt The price gap between renting and buying has hit the widest point since 2000 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. During the Mardi Gras break, we welcome on Seth Johnson, a partner at 388 Ventures. With his wealth of real estate experience and insight, he’ll tell us about the impact of COVID and how it got us to this point. We’ll discuss the challenges that developers and project sponsors are facing, the emergence of a new, alternative lending market, and the banks’ current decision tree. Seth also gives his outlook for multi-family and the real estate market as a whole and what we should be looking forward to during and after this high-interest rate cycle.


Key Takeaways

  • [00:15] - Meet Seth Johnson, partner at 388 Ventures 
  • [01:51] - What happened during COVID and what’s happening now 
  • [04:20] - Bid ask challenges for developers/project sponsors after optimistic underwriting
  • [07:22] - What do banks want to do now? And what options do borrowers have?
  • [11:57] - The short and intermediate-term forecast for real estate
  • [17:39] - The long-term outlook for multi-family
  • [20:20] - Capitalizing a deal in today's environment


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1933 no The Bears Are Coming Out With a Vengeance Happy early Mardi Gras from New Orleans! Before we head into a weekend of floats and football, we question why we’re hearing so many economic bears coming out of the woodwork. In that vein, we’ll look at potential bearish indicators like tech bubble rumblings and the country’s unsustainable fiscal path. We’ll then examine tech’s impact on the economy and society as a whole, why some are calling this a recession of the poor, and make the bear case for Nvidia. We finish by giving our "expert" opinions on the big game on Sunday.  Key Takeaways [00:16] - Why are the bears getting louder?  [03:07] - Tech’s effect on the economy and our social lives  [07:55] - Consumer net worth and consumer debt are both up  [13:30] - The Magnificent 7 globally and the bear case for Nvidia [17:54] - Our expert Super Bowl preview Links Putting the tech rally in perspective Forget barhopping or even dinner out—more young professionals prefer turning in early The introverts have taken over the economy Consumer balance sheets are the Derrick Henry/Mark Ingram meme Credit card delinquency rates now and pre-Covid Truflation's real-time US inflation gauge has moved to 1.35% from 6.24% a year ago Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 08 Feb 2024 22:15:00 -0000 The Bears Are Coming Out With a Vengeance full 1 101 Stokes Family Office Happy early Mardi Gras from New Orleans! Before we head into a weekend of floats and football, we question why we’re hearing so many economic bears coming out of the woodwork. In that vein, we’ll look at potential bearish indicators like tech bubble rumblings and the country’s unsustainable fiscal path. We’ll then examine tech’s impact on the economy and society as a whole, why some are calling this a recession of the poor, and make the bear case for Nvidia. We finish by giving our "expert" opinions on the big game on Sunday.  Key Takeaways [00:16] - Why are the bears getting louder?  [03:07] - Tech’s effect on the economy and our social lives  [07:55] - Consumer net worth and consumer debt are both up  [13:30] - The Magnificent 7 globally and the bear case for Nvidia [17:54] - Our expert Super Bowl preview Links Putting the tech rally in perspective Forget barhopping or even dinner out—more young professionals prefer turning in early The introverts have taken over the economy Consumer balance sheets are the Derrick Henry/Mark Ingram meme Credit card delinquency rates now and pre-Covid Truflation's real-time US inflation gauge has moved to 1.35% from 6.24% a year ago Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Happy early Mardi Gras from New Orleans!

Before we head into a weekend of floats and football, we question why we’re hearing so many economic bears coming out of the woodwork. In that vein, we’ll look at potential bearish indicators like tech bubble rumblings and the country’s unsustainable fiscal path. We’ll then examine tech’s impact on the economy and society as a whole, why some are calling this a recession of the poor, and make the bear case for Nvidia. We finish by giving our "expert" opinions on the big game on Sunday. 


Key Takeaways

  • [00:16] - Why are the bears getting louder? 
  • [03:07] - Tech’s effect on the economy and our social lives 
  • [07:55] - Consumer net worth and consumer debt are both up 
  • [13:30] - The Magnificent 7 globally and the bear case for Nvidia
  • [17:54] - Our expert Super Bowl preview


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1339 no Episode Number 100! Thanks for joining us each week for 100 episodes of the Lagniappe Podcast. We’ll continue our conversation from last week about small and large caps and what it means to have such a large gap between them. We’ll then look back on a great January and how it falls in line historically, check in on bond market predictions, and track the normalization of the economy after rapid growth and rate hikes. And like every other podcast, we’ll discuss Taylor Swift in the run-up to the Super Bowl.  Key Takeaways [00:18] - Historical data on times when small and large caps had such wide dispersions [05:48] - How a fantastic start to 2024 stacks up with historical Januarys [08:28] - A friendly back-and-forth on Doug’s bond market prediction from last year [13:52] - Layoffs are here as the economy slows [17:46] - Emerging housing markets index [22:45] - The economics of the Super Bowl and Taylor Swift  Links Europe regulates its way to last place Europe has never been this cheap versus the US Bilello: Will small-caps have their day in the Sun? Brevan Howard's top economist sees 3 huge macro turning points under way Winter emerging housing markets index The true story behind Masters of the Air Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 01 Feb 2024 15:17:47 -0000 Episode Number 100! full 1 100 Stokes Family Office Thanks for joining us each week for 100 episodes of the Lagniappe Podcast. We’ll continue our conversation from last week about small and large caps and what it means to have such a large gap between them. We’ll then look back on a great January and how it falls in line historically, check in on bond market predictions, and track the normalization of the economy after rapid growth and rate hikes. And like every other podcast, we’ll discuss Taylor Swift in the run-up to the Super Bowl.  Key Takeaways [00:18] - Historical data on times when small and large caps had such wide dispersions [05:48] - How a fantastic start to 2024 stacks up with historical Januarys [08:28] - A friendly back-and-forth on Doug’s bond market prediction from last year [13:52] - Layoffs are here as the economy slows [17:46] - Emerging housing markets index [22:45] - The economics of the Super Bowl and Taylor Swift  Links Europe regulates its way to last place Europe has never been this cheap versus the US Bilello: Will small-caps have their day in the Sun? Brevan Howard's top economist sees 3 huge macro turning points under way Winter emerging housing markets index The true story behind Masters of the Air Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thanks for joining us each week for 100 episodes of the Lagniappe Podcast. We’ll continue our conversation from last week about small and large caps and what it means to have such a large gap between them. We’ll then look back on a great January and how it falls in line historically, check in on bond market predictions, and track the normalization of the economy after rapid growth and rate hikes. And like every other podcast, we’ll discuss Taylor Swift in the run-up to the Super Bowl. 


Key Takeaways

  • [00:18] - Historical data on times when small and large caps had such wide dispersions
  • [05:48] - How a fantastic start to 2024 stacks up with historical Januarys
  • [08:28] - A friendly back-and-forth on Doug’s bond market prediction from last year
  • [13:52] - Layoffs are here as the economy slows
  • [17:46] - Emerging housing markets index
  • [22:45] - The economics of the Super Bowl and Taylor Swift 


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1740 no Has the Bull Market Arrived? Coming off the heels of hitting a new high for the S&P 500, we’ll talk about how, why, and what it means that we are in a bull market. We’ll then examine the latest on earnings, inflation, and the effect of a massive cash surplus. With some football talk mixed in, we finish by taking a broader perspective to look back on lessons we learned in a post-COVID cycle.  Key Takeaways [00:18] - China stumbles while the US market surges [03:45] - We’re calling it: we’re in a bull market [09:29] - Prices/costs, inflation, and the earnings outlook [15:17] - Could the surplus of cash drive the markets even higher? [18:32] - Truflation reaches the Fed’s goal of being under 2% [22:03] - Reflections on a post-COVID market cycle Links Ro: the long game remains undefeated Jason Kelce helps girl get a message to Taylor Swift during the Chiefs-Bills game The equal-weight S&P 500's forward PE is 18, the lowest valuation for the index on an S&P 500 record high day since January 2020 Timmer: Rising tides lift most boats WSJ: Wall Street hopes trillions in money-market funds will flow into stocks and bonds Truflation: CPI Drops Below 2%: Fed Inflation Target Reached Bilello: What does sitting in cash cost you? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 24 Jan 2024 16:23:07 -0000 Has the Bull Market Arrived? full 1 100 Stokes Family Office Coming off the heels of hitting a new high for the S&P 500, we’ll talk about how, why, and what it means that we are in a bull market. We’ll then examine the latest on earnings, inflation, and the effect of a massive cash surplus. With some football talk mixed in, we finish by taking a broader perspective to look back on lessons we learned in a post-COVID cycle.  Key Takeaways [00:18] - China stumbles while the US market surges [03:45] - We’re calling it: we’re in a bull market [09:29] - Prices/costs, inflation, and the earnings outlook [15:17] - Could the surplus of cash drive the markets even higher? [18:32] - Truflation reaches the Fed’s goal of being under 2% [22:03] - Reflections on a post-COVID market cycle Links Ro: the long game remains undefeated Jason Kelce helps girl get a message to Taylor Swift during the Chiefs-Bills game The equal-weight S&P 500's forward PE is 18, the lowest valuation for the index on an S&P 500 record high day since January 2020 Timmer: Rising tides lift most boats WSJ: Wall Street hopes trillions in money-market funds will flow into stocks and bonds Truflation: CPI Drops Below 2%: Fed Inflation Target Reached Bilello: What does sitting in cash cost you? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Coming off the heels of hitting a new high for the S&P 500, we’ll talk about how, why, and what it means that we are in a bull market. We’ll then examine the latest on earnings, inflation, and the effect of a massive cash surplus. With some football talk mixed in, we finish by taking a broader perspective to look back on lessons we learned in a post-COVID cycle. 


Key Takeaways

  • [00:18] - China stumbles while the US market surges
  • [03:45] - We’re calling it: we’re in a bull market
  • [09:29] - Prices/costs, inflation, and the earnings outlook
  • [15:17] - Could the surplus of cash drive the markets even higher?
  • [18:32] - Truflation reaches the Fed’s goal of being under 2%
  • [22:03] - Reflections on a post-COVID market cycle


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1768 no Are We in a Time of Vibespansion? 2024’s markets have gotten off to a choppy start, but that hasn’t stopped economists from calling this a period of vibespansion. We’ll look into the merits of that notion as well as how fixed debt is working to the advantage of home and small business owners. We’ll also take a look at the economic impact of China invading Taiwan and discuss the red flags of investing in countries with autocratic regimes. Key Takeaways [00:17] - Vibespansion during a choppy start to the 2024 markets [04:25] - How fixed debt is aiding home/small business owners [08:48] - A frigid update on EVs [12:33] - The economic impact if China invaded Taiwan  [20:57] - The Fed is moving toward an easing bias [23:48] - Spirit & JetBlue merger blocked Links The $8.8 trillion cash pile that has stock-market bulls salivating Nationwide, 89% of homeowners with mortgages have an interest rate below 6%, down from a record high of 93% in mid-2022 Ford cuts production of F-150 Lightning Electric Truck Oddlots: The Massive Economic Impact If China Invades Taiwan Freedom 100 Emerging Markets ETF BlackRock Capital Market Assumptions Timmer: the Fed has gone from a tightening bias to an easing bias Dave Portnoy’s turbulent Spirit Airlines trading Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Fri, 19 Jan 2024 19:53:09 -0000 Are We in a Time of Vibespansion? full 1 98 Stokes Family Office 2024’s markets have gotten off to a choppy start, but that hasn’t stopped economists from calling this a period of vibespansion. We’ll look into the merits of that notion as well as how fixed debt is working to the advantage of home and small business owners. We’ll also take a look at the economic impact of China invading Taiwan and discuss the red flags of investing in countries with autocratic regimes. Key Takeaways [00:17] - Vibespansion during a choppy start to the 2024 markets [04:25] - How fixed debt is aiding home/small business owners [08:48] - A frigid update on EVs [12:33] - The economic impact if China invaded Taiwan  [20:57] - The Fed is moving toward an easing bias [23:48] - Spirit & JetBlue merger blocked Links The $8.8 trillion cash pile that has stock-market bulls salivating Nationwide, 89% of homeowners with mortgages have an interest rate below 6%, down from a record high of 93% in mid-2022 Ford cuts production of F-150 Lightning Electric Truck Oddlots: The Massive Economic Impact If China Invades Taiwan Freedom 100 Emerging Markets ETF BlackRock Capital Market Assumptions Timmer: the Fed has gone from a tightening bias to an easing bias Dave Portnoy’s turbulent Spirit Airlines trading Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com 2024’s markets have gotten off to a choppy start, but that hasn’t stopped economists from calling this a period of vibespansion. We’ll look into the merits of that notion as well as how fixed debt is working to the advantage of home and small business owners. We’ll also take a look at the economic impact of China invading Taiwan and discuss the red flags of investing in countries with autocratic regimes.


Key Takeaways

  • [00:17] - Vibespansion during a choppy start to the 2024 markets
  • [04:25] - How fixed debt is aiding home/small business owners
  • [08:48] - A frigid update on EVs
  • [12:33] - The economic impact if China invaded Taiwan 
  • [20:57] - The Fed is moving toward an easing bias
  • [23:48] - Spirit & JetBlue merger blocked


Links


Connect with our hosts


Subscribe and stay in touch


]]> 1608 no What the Market Taught Investors in 2023 Heading into a big NFL weekend, we look at the wins and losses and what we learned from the market in 2023. We also chat about conflicting inflation data leading to renewed calls for recession. We then finish with a blitz of news including Boeing, Bill Gates, and Zuckerberg’s cows.  Key Takeaways [00:17] - Why the disciplined investor is paid off in the long run [05:18] - Conflicting inflation/CPI data [09:15] - Renewed recession narratives from prognosticators [13:47] - Boeing insider trading [17:24] - Bill Gates and diversification [18:35] - Mark Zuckerberg’s cows drink beer [22:51] - Do insurance rates affect inflation? Links 12 lessons the market taught investors in 2023 Annualized volatility & returns since 1928 Hertz dumps EVs, including Teslas, for gas cars Mark Zuckerberg's cattle get beer and macadamia nuts Ro: If you're trying to become a trillionaire, you've come to the wrong place Dolphins at Chiefs could be the coldest game in history for both franchises Remarkable surge in auto insurance costs fans US inflation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 12 Jan 2024 18:51:09 -0000 What the Market Taught Investors in 2023 full 1 97 Stokes Family Office Heading into a big NFL weekend, we look at the wins and losses and what we learned from the market in 2023. We also chat about conflicting inflation data leading to renewed calls for recession. We then finish with a blitz of news including Boeing, Bill Gates, and Zuckerberg’s cows.  Key Takeaways [00:17] - Why the disciplined investor is paid off in the long run [05:18] - Conflicting inflation/CPI data [09:15] - Renewed recession narratives from prognosticators [13:47] - Boeing insider trading [17:24] - Bill Gates and diversification [18:35] - Mark Zuckerberg’s cows drink beer [22:51] - Do insurance rates affect inflation? Links 12 lessons the market taught investors in 2023 Annualized volatility & returns since 1928 Hertz dumps EVs, including Teslas, for gas cars Mark Zuckerberg's cattle get beer and macadamia nuts Ro: If you're trying to become a trillionaire, you've come to the wrong place Dolphins at Chiefs could be the coldest game in history for both franchises Remarkable surge in auto insurance costs fans US inflation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Heading into a big NFL weekend, we look at the wins and losses and what we learned from the market in 2023. We also chat about conflicting inflation data leading to renewed calls for recession. We then finish with a blitz of news including Boeing, Bill Gates, and Zuckerberg’s cows. 


Key Takeaways

  • [00:17] - Why the disciplined investor is paid off in the long run
  • [05:18] - Conflicting inflation/CPI data
  • [09:15] - Renewed recession narratives from prognosticators
  • [13:47] - Boeing insider trading
  • [17:24] - Bill Gates and diversification
  • [18:35] - Mark Zuckerberg’s cows drink beer
  • [22:51] - Do insurance rates affect inflation?


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1694 no Betting on Humanity and a Diversified Portfolio Happy New Year from Stokes Family Office. We kick off the new year by looking at what historically happens after a good market year and pose the question, are we better off simply expecting positive performance? We’ll then dive into incredibly interesting demographic data, look at the correlation of stocks and bonds, and examine the Ozempic effect on the markets. Key Takeaways [01:03] - Historical results after a good year in the markets [03:53] - Betting on humanity and a diversified portfolio [08:24] - The effects of global demographic trends [15:53] - Bond market update [21:03] - Predictions on stocks/bonds and International vs. the U.S. [26:48] - The Ozempic effect Links What Comes After a Good Year in the Stock Market? The single most important chart to understand the stock market. Bullish on the US in with the current global demographic backdrop Bonds and stocks have each moved in the same direction in 19 of the last 24 months JP Morgan’s Guide to the Markets Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 05 Jan 2024 13:46:00 -0000 Betting on Humanity and a Diversified Portfolio full 1 96 Stokes Family Office Happy New Year from Stokes Family Office. We kick off the new year by looking at what historically happens after a good market year and pose the question, are we better off simply expecting positive performance? We’ll then dive into incredibly interesting demographic data, look at the correlation of stocks and bonds, and examine the Ozempic effect on the markets. Key Takeaways [01:03] - Historical results after a good year in the markets [03:53] - Betting on humanity and a diversified portfolio [08:24] - The effects of global demographic trends [15:53] - Bond market update [21:03] - Predictions on stocks/bonds and International vs. the U.S. [26:48] - The Ozempic effect Links What Comes After a Good Year in the Stock Market? The single most important chart to understand the stock market. Bullish on the US in with the current global demographic backdrop Bonds and stocks have each moved in the same direction in 19 of the last 24 months JP Morgan’s Guide to the Markets Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Happy New Year from Stokes Family Office. We kick off the new year by looking at what historically happens after a good market year and pose the question, are we better off simply expecting positive performance? We’ll then dive into incredibly interesting demographic data, look at the correlation of stocks and bonds, and examine the Ozempic effect on the markets.


Key Takeaways


  • [01:03] - Historical results after a good year in the markets
  • [03:53] - Betting on humanity and a diversified portfolio
  • [08:24] - The effects of global demographic trends
  • [15:53] - Bond market update
  • [21:03] - Predictions on stocks/bonds and International vs. the U.S.
  • [26:48] - The Ozempic effect


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 2050 no Recapping 2023 and Looking Ahead to 2024 As we head into Christmas, we’ll discuss whether or not we’ve already seen our Santa Claus rally. We’ll then dive into core CPE numbers and take our weekly look at inflation. Finally, we’ll review the biggest narratives of 2023 before looking ahead to what we hope will be a big 2024 as we explain our pragmatic stance on being long-term bullish. Key Takeaways [02:05] - Have we already had our Santa Claus Rally? [06:50] - Checking in on core CPE and inflation  [10:01] - Looking ahead to 24  [13:31] - What was the broad-market narrative of 2023? [17:21] - The bright side of thinking from a contrarian perspective Links Six-month core PCE is at 1.87 percent, under the Federal Reserve's 2 percent target Consumer sentiment up, inflation expectations down Jurrien Timmer’s outlook for 2024 REIT Index performance Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 22 Dec 2023 19:38:22 -0000 Recapping 2023 and Looking Ahead to 2024 full 1 95 Stokes Family Office As we head into Christmas, we’ll discuss whether or not we’ve already seen our Santa Claus rally. We’ll then dive into core CPE numbers and take our weekly look at inflation. Finally, we’ll review the biggest narratives of 2023 before looking ahead to what we hope will be a big 2024 as we explain our pragmatic stance on being long-term bullish. Key Takeaways [02:05] - Have we already had our Santa Claus Rally? [06:50] - Checking in on core CPE and inflation  [10:01] - Looking ahead to 24  [13:31] - What was the broad-market narrative of 2023? [17:21] - The bright side of thinking from a contrarian perspective Links Six-month core PCE is at 1.87 percent, under the Federal Reserve's 2 percent target Consumer sentiment up, inflation expectations down Jurrien Timmer’s outlook for 2024 REIT Index performance Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we head into Christmas, we’ll discuss whether or not we’ve already seen our Santa Claus rally. We’ll then dive into core CPE numbers and take our weekly look at inflation. Finally, we’ll review the biggest narratives of 2023 before looking ahead to what we hope will be a big 2024 as we explain our pragmatic stance on being long-term bullish.


Key Takeaways

  • [02:05] - Have we already had our Santa Claus Rally?
  • [06:50] - Checking in on core CPE and inflation 
  • [10:01] - Looking ahead to 24 
  • [13:31] - What was the broad-market narrative of 2023?
  • [17:21] - The bright side of thinking from a contrarian perspective


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1339 no Is The Market Declaring Victory Too Soon? There’s a narrative brewing that the market has beaten inflation/a recession, but we’ll look into why the game is not over yet. We’ll also examine the coiled spring of small and mid-caps, how this bear market stacks up historically, and the wild ride we’ve been on over the past 6 weeks. Key Takeaways [00:17] - Is the market declaring that the interest rate hiking cycle is over? [04:45] - The inflation/recession game is not over [09:25] - How does this bear market stack up historically  [13:31] - Looking back at an interesting past 6 weeks & the psychology of investing [18:54] - Lessons in looking at market themes and individual stock selection Links CPI less shelter is now at 1.4% Antonelli: 2022 was really just an average bear market We are only 30 points away from Goldman’s year-end target for year-end 2024 2003 vs 2023 valuations for Nvidia and Intel Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 15 Dec 2023 19:28:19 -0000 Is The Market Declaring Victory Too Soon? full 1 94 Stokes Family Office There’s a narrative brewing that the market has beaten inflation/a recession, but we’ll look into why the game is not over yet. We’ll also examine the coiled spring of small and mid-caps, how this bear market stacks up historically, and the wild ride we’ve been on over the past 6 weeks. Key Takeaways [00:17] - Is the market declaring that the interest rate hiking cycle is over? [04:45] - The inflation/recession game is not over [09:25] - How does this bear market stack up historically  [13:31] - Looking back at an interesting past 6 weeks & the psychology of investing [18:54] - Lessons in looking at market themes and individual stock selection Links CPI less shelter is now at 1.4% Antonelli: 2022 was really just an average bear market We are only 30 points away from Goldman’s year-end target for year-end 2024 2003 vs 2023 valuations for Nvidia and Intel Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. There’s a narrative brewing that the market has beaten inflation/a recession, but we’ll look into why the game is not over yet. We’ll also examine the coiled spring of small and mid-caps, how this bear market stacks up historically, and the wild ride we’ve been on over the past 6 weeks.


Key Takeaways

  • [00:17] - Is the market declaring that the interest rate hiking cycle is over?
  • [04:45] - The inflation/recession game is not over
  • [09:25] - How does this bear market stack up historically 
  • [13:31] - Looking back at an interesting past 6 weeks & the psychology of investing
  • [18:54] - Lessons in looking at market themes and individual stock selection


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1425 no 2023 Was an Earnings Story Amidst a cloud of public negativity, we’ll combat the perma-bull narratives and go through a list of things you don’t see in a recession. We’ll then discuss why we might need to consider skipping our typical “rules of thumb” during this COVID period. Finally, with the new jobs report in hand, we’ll talk about what happens if the economy doesn’t slow down, what’s on the horizon for multifamily, and why market history shows that patience will be rewarded. Key Takeaways [00:17] - Things you don’t see in a recession [03:41] - When it comes to our normal “rules”, COVID is just a weird period [09:06] - The new jobs report just came out [10:58] - What happens/what does the Fed do if the economy doesn’t slow? [12:44] - Is multifamily the next real estate sector to feel pain? [16:00] - Looking back at the COVID era froth of stocks [18:22] - Why the market’s history should help you become/remain optimistic Links Things you don’t see in a recession What is the Sahm rule? November Jobs Report U.S. Job Growth Continues to Be Robust Odd Lots: Multifamily residential may also be in for trouble The most 2020/2021 bubble thread Since 1928 you've been more likely to finish the year w/a gain of 20% or more (34x) than a negative return (26x) Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 08 Dec 2023 22:07:57 -0000 2023 Was an Earnings Story full 1 93 Stokes Family Office Amidst a cloud of public negativity, we’ll combat the perma-bull narratives and go through a list of things you don’t see in a recession. We’ll then discuss why we might need to consider skipping our typical “rules of thumb” during this COVID period. Finally, with the new jobs report in hand, we’ll talk about what happens if the economy doesn’t slow down, what’s on the horizon for multifamily, and why market history shows that patience will be rewarded. Key Takeaways [00:17] - Things you don’t see in a recession [03:41] - When it comes to our normal “rules”, COVID is just a weird period [09:06] - The new jobs report just came out [10:58] - What happens/what does the Fed do if the economy doesn’t slow? [12:44] - Is multifamily the next real estate sector to feel pain? [16:00] - Looking back at the COVID era froth of stocks [18:22] - Why the market’s history should help you become/remain optimistic Links Things you don’t see in a recession What is the Sahm rule? November Jobs Report U.S. Job Growth Continues to Be Robust Odd Lots: Multifamily residential may also be in for trouble The most 2020/2021 bubble thread Since 1928 you've been more likely to finish the year w/a gain of 20% or more (34x) than a negative return (26x) Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Amidst a cloud of public negativity, we’ll combat the perma-bull narratives and go through a list of things you don’t see in a recession. We’ll then discuss why we might need to consider skipping our typical “rules of thumb” during this COVID period. Finally, with the new jobs report in hand, we’ll talk about what happens if the economy doesn’t slow down, what’s on the horizon for multifamily, and why market history shows that patience will be rewarded.


Key Takeaways

  • [00:17] - Things you don’t see in a recession
  • [03:41] - When it comes to our normal “rules”, COVID is just a weird period
  • [09:06] - The new jobs report just came out
  • [10:58] - What happens/what does the Fed do if the economy doesn’t slow?
  • [12:44] - Is multifamily the next real estate sector to feel pain?
  • [16:00] - Looking back at the COVID era froth of stocks
  • [18:22] - Why the market’s history should help you become/remain optimistic


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1580 no What Does Record Travel & Shopping Mean For the Economy? We dive straight into the bond market as it comes off its best month in the last 40 years. We’ll then discuss how interest rates are affecting residential & commercial real estate markets differently, what the Fed’s next move can/should be, the life of Charlie Munger, and the crazy spending on Holiday travel and shopping. Key Takeaways [00:13] - Patting ourselves on the back (momentarily) for our bond market takes [03:41] - Differences in the residential & commercial real estate markets [05:29] - Odds and prognostications for the Fed’s next move [12:55] - The life and impact of Charlie Munger [18:45] - What Thanksgiving & Black Friday mean for the economy [25:08] - The S&P’s strong run continues + US vs International markets Links 70% chance that the Fed cuts rates at their May 2024 meeting Core PCE since June is running at a 2.4% annualized rate. Charlie Munger, Buffet’s right-hand man, dies at age 99 11/26 was the busiest day ever at airports in the US Black Friday Shoppers spent a record $9.8 billion online in the US Zandi: The economy is meaningfully less interest rate sensitive than in times past Goldman's Jan Hatzius Believes the Hard Part Is Over - Odd Lots Meb Faber - the case for global investing Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 01 Dec 2023 15:30:19 -0000 What Does Record Travel & Shopping Mean For the Economy? full 1 92 Stokes Family Office We dive straight into the bond market as it comes off its best month in the last 40 years. We’ll then discuss how interest rates are affecting residential & commercial real estate markets differently, what the Fed’s next move can/should be, the life of Charlie Munger, and the crazy spending on Holiday travel and shopping. Key Takeaways [00:13] - Patting ourselves on the back (momentarily) for our bond market takes [03:41] - Differences in the residential & commercial real estate markets [05:29] - Odds and prognostications for the Fed’s next move [12:55] - The life and impact of Charlie Munger [18:45] - What Thanksgiving & Black Friday mean for the economy [25:08] - The S&P’s strong run continues + US vs International markets Links 70% chance that the Fed cuts rates at their May 2024 meeting Core PCE since June is running at a 2.4% annualized rate. Charlie Munger, Buffet’s right-hand man, dies at age 99 11/26 was the busiest day ever at airports in the US Black Friday Shoppers spent a record $9.8 billion online in the US Zandi: The economy is meaningfully less interest rate sensitive than in times past Goldman's Jan Hatzius Believes the Hard Part Is Over - Odd Lots Meb Faber - the case for global investing Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We dive straight into the bond market as it comes off its best month in the last 40 years. We’ll then discuss how interest rates are affecting residential & commercial real estate markets differently, what the Fed’s next move can/should be, the life of Charlie Munger, and the crazy spending on Holiday travel and shopping.


Key Takeaways

  • [00:13] - Patting ourselves on the back (momentarily) for our bond market takes
  • [03:41] - Differences in the residential & commercial real estate markets
  • [05:29] - Odds and prognostications for the Fed’s next move
  • [12:55] - The life and impact of Charlie Munger
  • [18:45] - What Thanksgiving & Black Friday mean for the economy
  • [25:08] - The S&P’s strong run continues + US vs International markets


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1762 What We’re Thankful For As we look forward to Thanksgiving, we start by saying what we’re grateful for including being American at this point in time of history. We’ll then juxtapose that with what’s going on in one of our favorite countries, Argentina as well as across Latin America and the world. We take note of the strength of the economy in the everyday things we see, give our weekly Fed/inflation update, and finish with our thoughts on Americans’ confidence in the future.  Key Takeaways [01:10] - Election shocker in Argentina [06:17] - Why business-friendly environments in Latin America are great for the US, world  [12:14] - What F1 races, restaurant reser airport lines tell us about the economy [16:05] - Our weekly Fed/Inflation update [19:22] - Value propositions of the Magnificent 7 [26:32] - Why confidence for our children’s futures is at all-time lows Links Argentine libertarian Milei pledges new political era after election win What China's shrinking population means for the global economy An on-the-ground report from the Formula 1 race in Vegas The economy is meaningfully less interest rate sensitive than in times past The Bloomberg Aggregate Index inched about 0% YTD Sam Altman joins Microsoft as OpenAI names its third CEO in 3 days Only 19% feel confident their children’s lives will be better than theirs Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Tue, 21 Nov 2023 01:44:31 -0000 What We’re Thankful For full 1 91 Stokes Family Office As we look forward to Thanksgiving, we start by saying what we’re grateful for including being American at this point in time of history. We’ll then juxtapose that with what’s going on in one of our favorite countries, Argentina as well as across Latin America and the world. We take note of the strength of the economy in the everyday things we see, give our weekly Fed/inflation update, and finish with our thoughts on Americans’ confidence in the future.  Key Takeaways [01:10] - Election shocker in Argentina [06:17] - Why business-friendly environments in Latin America are great for the US, world  [12:14] - What F1 races, restaurant reser airport lines tell us about the economy [16:05] - Our weekly Fed/Inflation update [19:22] - Value propositions of the Magnificent 7 [26:32] - Why confidence for our children’s futures is at all-time lows Links Argentine libertarian Milei pledges new political era after election win What China's shrinking population means for the global economy An on-the-ground report from the Formula 1 race in Vegas The economy is meaningfully less interest rate sensitive than in times past The Bloomberg Aggregate Index inched about 0% YTD Sam Altman joins Microsoft as OpenAI names its third CEO in 3 days Only 19% feel confident their children’s lives will be better than theirs Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we look forward to Thanksgiving, we start by saying what we’re grateful for including being American at this point in time of history. We’ll then juxtapose that with what’s going on in one of our favorite countries, Argentina as well as across Latin America and the world. We take note of the strength of the economy in the everyday things we see, give our weekly Fed/inflation update, and finish with our thoughts on Americans’ confidence in the future. 


Key Takeaways

  • [01:10] - Election shocker in Argentina
  • [06:17] - Why business-friendly environments in Latin America are great for the US, world 
  • [12:14] - What F1 races, restaurant reser airport lines tell us about the economy
  • [16:05] - Our weekly Fed/Inflation update
  • [19:22] - Value propositions of the Magnificent 7
  • [26:32] - Why confidence for our children’s futures is at all-time lows



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1846 no The Market is a Great Teaching Tool After another positive week in the markets, we’ll go through our weekly inflation check-in, re-examining our own opinions over the past year and looking ahead to what the Fed can/will do next. We’ll then take note of the big bank forecasts that are rolling in and how they compare to last year’s and discuss why in times of elevation in volatility, bearish opinions come out of the woodwork. Key Takeaways [00:17] - Checking in on inflation numbers [04:27] - The attractiveness of bonds [08:08] - Why we see bearish opinions pop up in times like these [12:44] - Looking at big banks’ previous and 2024 forecasts [17:38] - The relationship between inflation/deflation and day-to-day economics Links Vanguard: Historical returns on fixed income and equities S&P 500 is now up almost 8% since Morgan Stanley CIO Mike Wilson said there would be no year-end rally on October 30 Famed Big Short Investor Michael Burry closed his short position in the S&P 500 Goldman Sachs: The US economy is on its final descent to a soft landing Ben Carlson: Remember in 2022 when everyone was betting on $200 oil? It's currently below $80 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 16 Nov 2023 15:09:43 -0000 The Market is a Great Teaching Tool full 1 90 Stokes Family Office After another positive week in the markets, we’ll go through our weekly inflation check-in, re-examining our own opinions over the past year and looking ahead to what the Fed can/will do next. We’ll then take note of the big bank forecasts that are rolling in and how they compare to last year’s and discuss why in times of elevation in volatility, bearish opinions come out of the woodwork. Key Takeaways [00:17] - Checking in on inflation numbers [04:27] - The attractiveness of bonds [08:08] - Why we see bearish opinions pop up in times like these [12:44] - Looking at big banks’ previous and 2024 forecasts [17:38] - The relationship between inflation/deflation and day-to-day economics Links Vanguard: Historical returns on fixed income and equities S&P 500 is now up almost 8% since Morgan Stanley CIO Mike Wilson said there would be no year-end rally on October 30 Famed Big Short Investor Michael Burry closed his short position in the S&P 500 Goldman Sachs: The US economy is on its final descent to a soft landing Ben Carlson: Remember in 2022 when everyone was betting on $200 oil? It's currently below $80 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. After another positive week in the markets, we’ll go through our weekly inflation check-in, re-examining our own opinions over the past year and looking ahead to what the Fed can/will do next. We’ll then take note of the big bank forecasts that are rolling in and how they compare to last year’s and discuss why in times of elevation in volatility, bearish opinions come out of the woodwork.


Key Takeaways

  • [00:17] - Checking in on inflation numbers
  • [04:27] - The attractiveness of bonds
  • [08:08] - Why we see bearish opinions pop up in times like these
  • [12:44] - Looking at big banks’ previous and 2024 forecasts
  • [17:38] - The relationship between inflation/deflation and day-to-day economics



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1361 no The Earnings Cycle Continues to Improve After a volatile, but positive past week, we’ll discuss comments from Jerome Powell and how the Fed continues to drive the markets while earnings continue to grow. We’ll also reexamine fearmongering prognostications and provide context around the headlines on surging debt. Key Takeaways [00:17] - How the Fed continues to be the market driver  [06:15] - Why some of the most interest rate-sensitive sectors have done the best this year [10:05] - Earnings per share for the S&P 500 [13:23] - Prospective returns for a diversified, 60/40 portfolio [17:01] - How much should you read into headlines on surging debt? [21:11] - Looking back at oil price and market crash prognostications  [24:51] - News roundup featuring Belichick, Biden, Bankman-Fried, and Bridgewater Links Treasury’s $24 billion 30-year bond auction goes poorly 82% of S&P 500 beat Q3 estimates by an average of 7.61% Buffett says rising interest rates are gravity to asset prices A short history of the 60/40 portfolio U.S. credit card debt reaches $1.08 trillion The crash callers won’t save you Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 10 Nov 2023 20:29:00 -0000 The Earnings Cycle Continues to Improve full 1 89 Stokes Family Office After a volatile, but positive past week, we’ll discuss comments from Jerome Powell and how the Fed continues to drive the markets while earnings continue to grow. We’ll also reexamine fearmongering prognostications and provide context around the headlines on surging debt. Key Takeaways [00:17] - How the Fed continues to be the market driver  [06:15] - Why some of the most interest rate-sensitive sectors have done the best this year [10:05] - Earnings per share for the S&P 500 [13:23] - Prospective returns for a diversified, 60/40 portfolio [17:01] - How much should you read into headlines on surging debt? [21:11] - Looking back at oil price and market crash prognostications  [24:51] - News roundup featuring Belichick, Biden, Bankman-Fried, and Bridgewater Links Treasury’s $24 billion 30-year bond auction goes poorly 82% of S&P 500 beat Q3 estimates by an average of 7.61% Buffett says rising interest rates are gravity to asset prices A short history of the 60/40 portfolio U.S. credit card debt reaches $1.08 trillion The crash callers won’t save you Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. After a volatile, but positive past week, we’ll discuss comments from Jerome Powell and how the Fed continues to drive the markets while earnings continue to grow. We’ll also reexamine fearmongering prognostications and provide context around the headlines on surging debt.


Key Takeaways

  • [00:17] - How the Fed continues to be the market driver 
  • [06:15] - Why some of the most interest rate-sensitive sectors have done the best this year
  • [10:05] - Earnings per share for the S&P 500
  • [13:23] - Prospective returns for a diversified, 60/40 portfolio
  • [17:01] - How much should you read into headlines on surging debt?
  • [21:11] - Looking back at oil price and market crash prognostications 
  • [24:51] - News roundup featuring Belichick, Biden, Bankman-Fried, and Bridgewater



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1716 no Halloween, Hedge Funds, and a Hopeful Look at the Future Happy All Saints’ Day from the home of the Saints. After recapping Halloween from Uptown New Orleans, we’ll jump into a discussion on the secrecy of some of the largest hedge funds. We’ll then look at the intertwined relationship and valuation of stocks and bonds, the trajectory of the U.S. markets, and our weekly inflation update.  Key Takeaways [01:20] - Looking behind the curtain at hedge funds like Bridgewater [07:35] - The relationship and relative valuation of stocks & bonds in today's market  [15:04] - The long-term trajectory of the U.S. economy [22:22] - Inflation update  Links How does the world’s largest hedge fund really make its money? Hedge fund two sigma is hit by trading scandal How inflation altered the stock - bond relationship How often do we see intra-year declines like this? US stock market is almost 5x larger than the next biggest market Inflation-adjusted excess household liquidity September PCE inflation by the numbers Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 01 Nov 2023 20:40:43 -0000 Halloween, Hedge Funds, and a Hopeful Look at the Future full 1 88 Stokes Family Office Happy All Saints’ Day from the home of the Saints. After recapping Halloween from Uptown New Orleans, we’ll jump into a discussion on the secrecy of some of the largest hedge funds. We’ll then look at the intertwined relationship and valuation of stocks and bonds, the trajectory of the U.S. markets, and our weekly inflation update.  Key Takeaways [01:20] - Looking behind the curtain at hedge funds like Bridgewater [07:35] - The relationship and relative valuation of stocks & bonds in today's market  [15:04] - The long-term trajectory of the U.S. economy [22:22] - Inflation update  Links How does the world’s largest hedge fund really make its money? Hedge fund two sigma is hit by trading scandal How inflation altered the stock - bond relationship How often do we see intra-year declines like this? US stock market is almost 5x larger than the next biggest market Inflation-adjusted excess household liquidity September PCE inflation by the numbers Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Happy All Saints’ Day from the home of the Saints. After recapping Halloween from Uptown New Orleans, we’ll jump into a discussion on the secrecy of some of the largest hedge funds. We’ll then look at the intertwined relationship and valuation of stocks and bonds, the trajectory of the U.S. markets, and our weekly inflation update. 


Key Takeaways

  • [01:20] - Looking behind the curtain at hedge funds like Bridgewater
  • [07:35] - The relationship and relative valuation of stocks & bonds in today's market 
  • [15:04] - The long-term trajectory of the U.S. economy
  • [22:22] - Inflation update 


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1592 no Why Haven’t We Gone Into a Recession? We start today with the narrative that Google’s earnings are the impetus for the markets selling off. Then with a historical perspective, we’ll share what we’re telling our clients during this choppy, ping pong market. We’ll finish with our thoughts on why we actually haven’t slipped into recession and how the U.S. missed a major refinancing opportunity. Key Takeaways [00:17] - Are Google’s earnings really why the market is down? [04:08] - What we’re telling clients about the stock market  [09:27] - Difference between today & a bear market or bull market correction in the past [15:50] - Why haven’t we gone into a recession? [19:27] - The huge missed opportunity of the US not refinancing debt Links Happy 1 year anniversary to a 100% chance of recession forecast that never happened CNN Fear and Greed Index Sam Ro: 11 stock market charts that offer much-needed context Michael Santoli on the Morningstar’s The Long View Podcast The Billion Dollar Molecule The greatest missed opportunity of our lifetimes US interest costs outpacing investments Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 26 Oct 2023 14:15:45 -0000 Why Haven’t We Gone Into a Recession? full 1 87 Stokes Family Office We start today with the narrative that Google’s earnings are the impetus for the markets selling off. Then with a historical perspective, we’ll share what we’re telling our clients during this choppy, ping pong market. We’ll finish with our thoughts on why we actually haven’t slipped into recession and how the U.S. missed a major refinancing opportunity. Key Takeaways [00:17] - Are Google’s earnings really why the market is down? [04:08] - What we’re telling clients about the stock market  [09:27] - Difference between today & a bear market or bull market correction in the past [15:50] - Why haven’t we gone into a recession? [19:27] - The huge missed opportunity of the US not refinancing debt Links Happy 1 year anniversary to a 100% chance of recession forecast that never happened CNN Fear and Greed Index Sam Ro: 11 stock market charts that offer much-needed context Michael Santoli on the Morningstar’s The Long View Podcast The Billion Dollar Molecule The greatest missed opportunity of our lifetimes US interest costs outpacing investments Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We start today with the narrative that Google’s earnings are the impetus for the markets selling off. Then with a historical perspective, we’ll share what we’re telling our clients during this choppy, ping pong market. We’ll finish with our thoughts on why we actually haven’t slipped into recession and how the U.S. missed a major refinancing opportunity.


Key Takeaways

  • [00:17] - Are Google’s earnings really why the market is down?
  • [04:08] - What we’re telling clients about the stock market 
  • [09:27] - Difference between today & a bear market or bull market correction in the past
  • [15:50] - Why haven’t we gone into a recession?
  • [19:27] - The huge missed opportunity of the US not refinancing debt


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1462 no Tales from the Dome + 1987 Black Monday + Bond and Real Estate Markets We open with Saints sadness after a night in the Dome. Then on the anniversary of 1987’s Black Monday, we’ll look back at that historic day and how it compares to today’s choppy market. We’ll then take a deep dive into the bond and real estate markets before examining a narrative shift where good news is actually good news again. Key Takeaways [00:17] - The Saints are no longer fun [03:45] - Looking back at the crash of 1987 [07:11] - How today’s choppy market compares to that historic downturn [09:53] - The asymmetric bond risk to the positive we’re seeing right now [13:15] - Predictions on the Fed raising rates [14:48] - Mortgage rates hit 8% [21:58] - Is good news good again and bad news bad? Links 36 years ago today was the worst day in the history of the Dow The choppiness of the market in just the last week Dreams of big bond gains backfire with $10 Billion ETF loss The Fed Whisperer on a notable shift from Powell Odd Lots: This is what an 8% mortgage means for the housing market Active housing inventory levels are increasing but still below pre-pandemic Total US Real Estate Price Index (YoY%) Job openings/creation, low layoffs, low jobless claims, high bank balances, rising net worth, capex spending = bullish? Who consumes the most calories globally? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 20 Oct 2023 18:19:46 -0000 Tales from the Dome + 1987 Black Monday + Bond and Real Estate Markets full 1 86 Stokes Family Office We open with Saints sadness after a night in the Dome. Then on the anniversary of 1987’s Black Monday, we’ll look back at that historic day and how it compares to today’s choppy market. We’ll then take a deep dive into the bond and real estate markets before examining a narrative shift where good news is actually good news again. Key Takeaways [00:17] - The Saints are no longer fun [03:45] - Looking back at the crash of 1987 [07:11] - How today’s choppy market compares to that historic downturn [09:53] - The asymmetric bond risk to the positive we’re seeing right now [13:15] - Predictions on the Fed raising rates [14:48] - Mortgage rates hit 8% [21:58] - Is good news good again and bad news bad? Links 36 years ago today was the worst day in the history of the Dow The choppiness of the market in just the last week Dreams of big bond gains backfire with $10 Billion ETF loss The Fed Whisperer on a notable shift from Powell Odd Lots: This is what an 8% mortgage means for the housing market Active housing inventory levels are increasing but still below pre-pandemic Total US Real Estate Price Index (YoY%) Job openings/creation, low layoffs, low jobless claims, high bank balances, rising net worth, capex spending = bullish? Who consumes the most calories globally? Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We open with Saints sadness after a night in the Dome. Then on the anniversary of 1987’s Black Monday, we’ll look back at that historic day and how it compares to today’s choppy market. We’ll then take a deep dive into the bond and real estate markets before examining a narrative shift where good news is actually good news again.


Key Takeaways

  • [00:17] - The Saints are no longer fun
  • [03:45] - Looking back at the crash of 1987
  • [07:11] - How today’s choppy market compares to that historic downturn
  • [09:53] - The asymmetric bond risk to the positive we’re seeing right now
  • [13:15] - Predictions on the Fed raising rates
  • [14:48] - Mortgage rates hit 8%
  • [21:58] - Is good news good again and bad news bad?


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1662 no New CPI Numbers and the Importance of Investment Timing With the new CPI report in hand, we’ll take a look at inflation and how it continues to affect purchasing power and the markets across the board. We’ll also examine why when you start investing can be as vital as anything else. Then, we’ll finish with our weekly Taylor Swift conversation, rave about our own personal experience with Patrick Mahomes, and marvel at the human achievement of a new marathon record. Key Takeaways [00:16] - Looking at the latest CPI numbers [08:41] - Real estate and bond markets [10:15] - Treasury bond bear markets [11:45] - The importance of timing in investing [19:05] - Stock market update [24:13] - Ozempic and a cautionary tale against headlines [26:45] - T-Swift, Patrick Mahomes, and a new marathon record Links September inflation report Truflation’s new aggregated inflation metric Disneyland is increasing its prices again We're in the biggest Treasury Bond Bear Market ever, Bank of America says Maggiulli: When you start investing can be more important than anything else The S&P 500 has a higher daily return when the McRib is available Parets: Welcome to the year-end rally Ozempic shows promise treating kidney failure in blow to dialysis firms TCU beats Patrick Mahomes and Texas Tech on last minute tipped catch 23-year-old runner sets mindboggling world record at Chicago Marathon Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 13 Oct 2023 13:00:00 -0000 New CPI Numbers and the Importance of Investment Timing full 1 85 Stokes Family Office With the new CPI report in hand, we’ll take a look at inflation and how it continues to affect purchasing power and the markets across the board. We’ll also examine why when you start investing can be as vital as anything else. Then, we’ll finish with our weekly Taylor Swift conversation, rave about our own personal experience with Patrick Mahomes, and marvel at the human achievement of a new marathon record. Key Takeaways [00:16] - Looking at the latest CPI numbers [08:41] - Real estate and bond markets [10:15] - Treasury bond bear markets [11:45] - The importance of timing in investing [19:05] - Stock market update [24:13] - Ozempic and a cautionary tale against headlines [26:45] - T-Swift, Patrick Mahomes, and a new marathon record Links September inflation report Truflation’s new aggregated inflation metric Disneyland is increasing its prices again We're in the biggest Treasury Bond Bear Market ever, Bank of America says Maggiulli: When you start investing can be more important than anything else The S&P 500 has a higher daily return when the McRib is available Parets: Welcome to the year-end rally Ozempic shows promise treating kidney failure in blow to dialysis firms TCU beats Patrick Mahomes and Texas Tech on last minute tipped catch 23-year-old runner sets mindboggling world record at Chicago Marathon Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. With the new CPI report in hand, we’ll take a look at inflation and how it continues to affect purchasing power and the markets across the board. We’ll also examine why when you start investing can be as vital as anything else. Then, we’ll finish with our weekly Taylor Swift conversation, rave about our own personal experience with Patrick Mahomes, and marvel at the human achievement of a new marathon record.


Key Takeaways

  • [00:16] - Looking at the latest CPI numbers
  • [08:41] - Real estate and bond markets
  • [10:15] - Treasury bond bear markets
  • [11:45] - The importance of timing in investing
  • [19:05] - Stock market update
  • [24:13] - Ozempic and a cautionary tale against headlines
  • [26:45] - T-Swift, Patrick Mahomes, and a new marathon record


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1878 no Tracking Movement in the Bond, Interest Rate, & Housing Markets We kick off this week looking at the bond yield and the risk/reward that the bond/fixed income market presents. We’ll also look at how interest rates/inflation are affecting housing, stocks, the odds of a recession, and general consumer spending.  Key Takeaways [00:16] - Looking at the Bond yield [07:38] - The risk/reward of bonds now and in the future [11:45] - An update on mortgage rates and the housing market [15:50] - How is the stock market reacting? [19:21] - Real estate index fund performance Links The recent surge in the yield on the 10-year US Government bonds.  US Treasuries, who is holding the bag? Ultra-long-duration Treasury bonds have lost more in % than stocks during the Great Financial Crisis Timmer: the higher rates go, the more compelling the risk-reward becomes for bonds Have bonds finally reached escape velocity? Bond buyers battered as Austria's 100-year note shows the danger of duration risk Goldman Sachs expects the 30-year fixed mortgage rate to average 6.8% in 2024 How the U.S. stock market typically declines historically Truflation VNQ, the ETF Vanguard real estate index fund Fear and Greed Index Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 05 Oct 2023 22:28:58 -0000 Tracking Movement in the Bond, Interest Rate, & Housing Markets full 1 84 Stokes Family Office We kick off this week looking at the bond yield and the risk/reward that the bond/fixed income market presents. We’ll also look at how interest rates/inflation are affecting housing, stocks, the odds of a recession, and general consumer spending.  Key Takeaways [00:16] - Looking at the Bond yield [07:38] - The risk/reward of bonds now and in the future [11:45] - An update on mortgage rates and the housing market [15:50] - How is the stock market reacting? [19:21] - Real estate index fund performance Links The recent surge in the yield on the 10-year US Government bonds.  US Treasuries, who is holding the bag? Ultra-long-duration Treasury bonds have lost more in % than stocks during the Great Financial Crisis Timmer: the higher rates go, the more compelling the risk-reward becomes for bonds Have bonds finally reached escape velocity? Bond buyers battered as Austria's 100-year note shows the danger of duration risk Goldman Sachs expects the 30-year fixed mortgage rate to average 6.8% in 2024 How the U.S. stock market typically declines historically Truflation VNQ, the ETF Vanguard real estate index fund Fear and Greed Index Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We kick off this week looking at the bond yield and the risk/reward that the bond/fixed income market presents. We’ll also look at how interest rates/inflation are affecting housing, stocks, the odds of a recession, and general consumer spending. 


Key Takeaways

  • [00:16] - Looking at the Bond yield
  • [07:38] - The risk/reward of bonds now and in the future
  • [11:45] - An update on mortgage rates and the housing market
  • [15:50] - How is the stock market reacting?
  • [19:21] - Real estate index fund performance


Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1730 no Looking Under the Hood of the Market We’ll check out a choppy market and how it reacted to last week’s Fed announcement that rates will be higher for longer and another rate hike is on the way. We’ll also look at why we may be entering a time to buy fixed income, how opinion sentiments of inflation have an impact, and give updates on the oil and crypto markets. Key Takeaways [00:18] - Reviewing the last week’s choppy market [04:20] - Bond markets and opportunities to buy fixed income [08:38] - The seasonality of the market [14:25] - Oil markets and deflation [20:03] - What happened to cryptocurrency? Links CNN Fear & Greed Index The price of a May 2050 UST bond is now below 50 Down big in August and September isn’t always a bad thing Pre-Election Years = 80% Hit Rate after down Mid-terms Oil at $100 is too high, even for energy companies JPMorgan's UK bank Chase to ban crypto transactions Roche: Menendez could have been earning $26K+ per year risk-free with T-Bills How chemotherapy was derived Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 28 Sep 2023 15:50:08 -0000 Looking Under the Hood of the Market full 1 83 Stokes Family Office We’ll check out a choppy market and how it reacted to last week’s Fed announcement that rates will be higher for longer and another rate hike is on the way. We’ll also look at why we may be entering a time to buy fixed income, how opinion sentiments of inflation have an impact, and give updates on the oil and crypto markets. Key Takeaways [00:18] - Reviewing the last week’s choppy market [04:20] - Bond markets and opportunities to buy fixed income [08:38] - The seasonality of the market [14:25] - Oil markets and deflation [20:03] - What happened to cryptocurrency? Links CNN Fear & Greed Index The price of a May 2050 UST bond is now below 50 Down big in August and September isn’t always a bad thing Pre-Election Years = 80% Hit Rate after down Mid-terms Oil at $100 is too high, even for energy companies JPMorgan's UK bank Chase to ban crypto transactions Roche: Menendez could have been earning $26K+ per year risk-free with T-Bills How chemotherapy was derived Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We’ll check out a choppy market and how it reacted to last week’s Fed announcement that rates will be higher for longer and another rate hike is on the way. We’ll also look at why we may be entering a time to buy fixed income, how opinion sentiments of inflation have an impact, and give updates on the oil and crypto markets.


Key Takeaways

  • [00:18] - Reviewing the last week’s choppy market
  • [04:20] - Bond markets and opportunities to buy fixed income
  • [08:38] - The seasonality of the market
  • [14:25] - Oil markets and deflation
  • [20:03] - What happened to cryptocurrency?


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1569 no Interest Rates, Venture Capital, and 10-Year Treasuries We start this week with our thoughts on the Fed estimating rates will be higher for longer. We’ll then dive into the craziness of the venture capital industry over the last few years and how interest rates are playing a role. We finish with a historical perspective on 10-year U.S. Treasury bonds and bullish takes on Taylor Swift and our New Orleans Saints. Key Takeaways [00:18] - Checking in with Jerome Powell and the Fed  [04:41] - Instacart IPO & the competition within the venture capital industry [14:03] - How interest rates are affecting real estate and venture capital [15:58] - Ten-Year Treasuries [22:40] - LA tent city, T-Swift economics, and excitement for the Saints  Links Current projections for Fed Funds Rate Investments in Instacart made after ‘15 underperforming S&P 500 significantly Home price index with an 18-month lag versus CPI Demand for vacation homes at 7 year low Total returns on an annual basis of the 10-year US Treasury bond Timmer: A compelling risk-reward picture for owning bonds Meb Faber: The Ivy Portfolio California tent city to cost $44k per tent Taylor Swift helps Chicago book most hotel rooms on record Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 21 Sep 2023 21:09:13 -0000 Interest Rates, Venture Capital, and 10-Year Treasuries full 1 82 Stokes Family Office We start this week with our thoughts on the Fed estimating rates will be higher for longer. We’ll then dive into the craziness of the venture capital industry over the last few years and how interest rates are playing a role. We finish with a historical perspective on 10-year U.S. Treasury bonds and bullish takes on Taylor Swift and our New Orleans Saints. Key Takeaways [00:18] - Checking in with Jerome Powell and the Fed  [04:41] - Instacart IPO & the competition within the venture capital industry [14:03] - How interest rates are affecting real estate and venture capital [15:58] - Ten-Year Treasuries [22:40] - LA tent city, T-Swift economics, and excitement for the Saints  Links Current projections for Fed Funds Rate Investments in Instacart made after ‘15 underperforming S&P 500 significantly Home price index with an 18-month lag versus CPI Demand for vacation homes at 7 year low Total returns on an annual basis of the 10-year US Treasury bond Timmer: A compelling risk-reward picture for owning bonds Meb Faber: The Ivy Portfolio California tent city to cost $44k per tent Taylor Swift helps Chicago book most hotel rooms on record Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We start this week with our thoughts on the Fed estimating rates will be higher for longer. We’ll then dive into the craziness of the venture capital industry over the last few years and how interest rates are playing a role. We finish with a historical perspective on 10-year U.S. Treasury bonds and bullish takes on Taylor Swift and our New Orleans Saints.


Key Takeaways

  • [00:18] - Checking in with Jerome Powell and the Fed 
  • [04:41] - Instacart IPO & the competition within the venture capital industry
  • [14:03] - How interest rates are affecting real estate and venture capital
  • [15:58] - Ten-Year Treasuries
  • [22:40] - LA tent city, T-Swift economics, and excitement for the Saints 


Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1713 no What We Learned During CPI Week Join us as we examine sticky core CPI numbers and how shelter factors in. We’ll also look at why deflation may be our biggest economic risk right now. We’ll finish with tales of a Somali pirate stock exchange and how an idea from the movie Trading Places is playing out in real life.  Key Takeaways [00:25] - Housing’s effect on inflation and CPI  [04:41] - Disinflationary risks [08:19] - Why the S&P 500 has been stuck in a rut [15:44] - The Somali pirate stock exchange [18:00] - Orange juice futures are at all-time highs! Links Cullen Roche: Where is inflation heading now? Zillow home price data for America's 40 largest metropolitan housing markets Goldman Sachs: 3 developments that will slow US growth to a crawl in Q4 2023 The S&P 500’s prolonged period of limbo BoA scraps bullish stance on 10-year treasuries TikTok Investors: the Somali Pirate Exchange Method Orange juice futures prices Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 15 Sep 2023 14:36:06 -0000 What We Learned During CPI Week full 1 81 Stokes Family Office Join us as we examine sticky core CPI numbers and how shelter factors in. We’ll also look at why deflation may be our biggest economic risk right now. We’ll finish with tales of a Somali pirate stock exchange and how an idea from the movie Trading Places is playing out in real life.  Key Takeaways [00:25] - Housing’s effect on inflation and CPI  [04:41] - Disinflationary risks [08:19] - Why the S&P 500 has been stuck in a rut [15:44] - The Somali pirate stock exchange [18:00] - Orange juice futures are at all-time highs! Links Cullen Roche: Where is inflation heading now? Zillow home price data for America's 40 largest metropolitan housing markets Goldman Sachs: 3 developments that will slow US growth to a crawl in Q4 2023 The S&P 500’s prolonged period of limbo BoA scraps bullish stance on 10-year treasuries TikTok Investors: the Somali Pirate Exchange Method Orange juice futures prices Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Join us as we examine sticky core CPI numbers and how shelter factors in. We’ll also look at why deflation may be our biggest economic risk right now. We’ll finish with tales of a Somali pirate stock exchange and how an idea from the movie Trading Places is playing out in real life. 


Key Takeaways

  • [00:25] - Housing’s effect on inflation and CPI 
  • [04:41] - Disinflationary risks
  • [08:19] - Why the S&P 500 has been stuck in a rut
  • [15:44] - The Somali pirate stock exchange
  • [18:00] - Orange juice futures are at all-time highs!


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1243 no Fully Charged: A Deep Dive Into the Energy Sector As we head into a big, energized sports weekend, we go all in on all things energy. From oil and gas stocks to the demand and performance of EVs, we’ll review where we’ve been and where we’re headed in the world of energy investing.  Key Takeaways [02:45] - The current state of the oil market [04:41] - The demand for and price of electric cars  [08:19] - Investing in oil companies and commodities in general over the last decade [12:17] - Will there be a re-rating on energy stocks? [15:07] - How big of a factor does ESG play? [17:23] - Fuel economy, EVs, and self-driving cars [21:18] - Berkshire Hathaway, Fidelity, Robin Hood, and the power of disciplined investing Links WTI is up 25% since Jim Cramer went bearish on oil Tesla Model S and Model X base prices drop once again Vanguard Energy ETF Rockefeller Foundation moved away from fossil fuels in 2021 Harvard says it will not invest in fossil fuels Fuel economy for all vehicle classes has improved substantially over past 2 decades Odd Lots podcast: self-driving cars might finally be for real In-ground pool permits declined by -36% in units and -30% in dollars YoY If Berkshire Hathaway stock tanked 99% it would still have outperformed S&P 500 Fidelity study: best-performing accounts were of people who forgot they had an account Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 08 Sep 2023 19:09:00 -0000 Fully Charged: A Deep Dive Into the Energy Sector full 1 80 Stokes Family Office As we head into a big, energized sports weekend, we go all in on all things energy. From oil and gas stocks to the demand and performance of EVs, we’ll review where we’ve been and where we’re headed in the world of energy investing.  Key Takeaways [02:45] - The current state of the oil market [04:41] - The demand for and price of electric cars  [08:19] - Investing in oil companies and commodities in general over the last decade [12:17] - Will there be a re-rating on energy stocks? [15:07] - How big of a factor does ESG play? [17:23] - Fuel economy, EVs, and self-driving cars [21:18] - Berkshire Hathaway, Fidelity, Robin Hood, and the power of disciplined investing Links WTI is up 25% since Jim Cramer went bearish on oil Tesla Model S and Model X base prices drop once again Vanguard Energy ETF Rockefeller Foundation moved away from fossil fuels in 2021 Harvard says it will not invest in fossil fuels Fuel economy for all vehicle classes has improved substantially over past 2 decades Odd Lots podcast: self-driving cars might finally be for real In-ground pool permits declined by -36% in units and -30% in dollars YoY If Berkshire Hathaway stock tanked 99% it would still have outperformed S&P 500 Fidelity study: best-performing accounts were of people who forgot they had an account Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we head into a big, energized sports weekend, we go all in on all things energy. From oil and gas stocks to the demand and performance of EVs, we’ll review where we’ve been and where we’re headed in the world of energy investing. 


Key Takeaways

  • [02:45] - The current state of the oil market
  • [04:41] - The demand for and price of electric cars 
  • [08:19] - Investing in oil companies and commodities in general over the last decade
  • [12:17] - Will there be a re-rating on energy stocks?
  • [15:07] - How big of a factor does ESG play?
  • [17:23] - Fuel economy, EVs, and self-driving cars
  • [21:18] - Berkshire Hathaway, Fidelity, Robin Hood, and the power of disciplined investing


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1532 no Jobs, GDP, Frozen Real Estate, & IPO Bubbles As we head into Labor Day weekend, we fittingly look at the latest jobs report and the revised GDP numbers. We’ll also think location, location, location as we investigate the areas that are winning and losing the migration/real estate race. Finally, we’ll review some of our favorite COVID-era IPOs and wonder if the euphoria bubble is over for now.  Key Takeaways [01:05] - Jobs report and the GDP data revision [06:28] - What does the frozen real estate market mean?  [10:15] - Which US areas are winning? Which are losing? [16:16] - Mark Cuban + the right place, right time nature of venture capitalism [19:09] - Has the IPO euphoria window closed for the time being? Links U.S. GDP grew less vigorously than believed in Q2 The labor market is now looser than it was pre-Covid Home price decline from peak in 40 largest US markets Just 1% of U.S. homes have changed hands this year The rental market continues to slow 30 migration winners and losers Mark Cuban has taken a net loss on $20M in Shark Tank investments Traeger: another Pandemic IPO to fall down to earth Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 31 Aug 2023 15:14:41 -0000 Jobs, GDP, Frozen Real Estate, & IPO Bubbles full 1 79 Stokes Family Office As we head into Labor Day weekend, we fittingly look at the latest jobs report and the revised GDP numbers. We’ll also think location, location, location as we investigate the areas that are winning and losing the migration/real estate race. Finally, we’ll review some of our favorite COVID-era IPOs and wonder if the euphoria bubble is over for now.  Key Takeaways [01:05] - Jobs report and the GDP data revision [06:28] - What does the frozen real estate market mean?  [10:15] - Which US areas are winning? Which are losing? [16:16] - Mark Cuban + the right place, right time nature of venture capitalism [19:09] - Has the IPO euphoria window closed for the time being? Links U.S. GDP grew less vigorously than believed in Q2 The labor market is now looser than it was pre-Covid Home price decline from peak in 40 largest US markets Just 1% of U.S. homes have changed hands this year The rental market continues to slow 30 migration winners and losers Mark Cuban has taken a net loss on $20M in Shark Tank investments Traeger: another Pandemic IPO to fall down to earth Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we head into Labor Day weekend, we fittingly look at the latest jobs report and the revised GDP numbers. We’ll also think location, location, location as we investigate the areas that are winning and losing the migration/real estate race. Finally, we’ll review some of our favorite COVID-era IPOs and wonder if the euphoria bubble is over for now. 


Key Takeaways

  • [01:05] - Jobs report and the GDP data revision
  • [06:28] - What does the frozen real estate market mean? 
  • [10:15] - Which US areas are winning? Which are losing?
  • [16:16] - Mark Cuban + the right place, right time nature of venture capitalism
  • [19:09] - Has the IPO euphoria window closed for the time being?


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1560 no Fed Symposium + Housing Market + Financial Superpowers As the Federal Reserve hosts its annual conference out West in Jackson Hole, we’ll take a look at what Jerome Powell said and what they forecasted that they’ll do next. We also discuss how mortgage rates, cash buyers, and new builds are affecting the real estate market. We finish with Humble Dollar’s seven financial superpowers that can help you make, save, invest, and ultimately enjoy money.  Key Takeaways [00:20] - Checking in on the Fed’s economic policy symposium [05:18] - Is there pent-up demand for home purchases? [10:15] - Unsurprising news out of Russia [12:16] - Financial Superpowers Links Powell: "It is the Fed's job to bring inflation down to our 2 percent goal” Truflation says we’re currently at 2.56% Richard Moody: Regions Economic Outlook, August 2023 Spreads between treasuries and mortgages are still extremely high Downed Russian jet carried Wagner’s hierarchy including Yevgeny Prigozhin Jonathan Clements’ financial superpowers he says we should all strive to cultivate Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Sat, 26 Aug 2023 13:17:00 -0000 Fed Symposium + Housing Market + Financial Superpowers full 1 78 Stokes Family Office As the Federal Reserve hosts its annual conference out West in Jackson Hole, we’ll take a look at what Jerome Powell said and what they forecasted that they’ll do next. We also discuss how mortgage rates, cash buyers, and new builds are affecting the real estate market. We finish with Humble Dollar’s seven financial superpowers that can help you make, save, invest, and ultimately enjoy money.  Key Takeaways [00:20] - Checking in on the Fed’s economic policy symposium [05:18] - Is there pent-up demand for home purchases? [10:15] - Unsurprising news out of Russia [12:16] - Financial Superpowers Links Powell: "It is the Fed's job to bring inflation down to our 2 percent goal” Truflation says we’re currently at 2.56% Richard Moody: Regions Economic Outlook, August 2023 Spreads between treasuries and mortgages are still extremely high Downed Russian jet carried Wagner’s hierarchy including Yevgeny Prigozhin Jonathan Clements’ financial superpowers he says we should all strive to cultivate Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As the Federal Reserve hosts its annual conference out West in Jackson Hole, we’ll take a look at what Jerome Powell said and what they forecasted that they’ll do next. We also discuss how mortgage rates, cash buyers, and new builds are affecting the real estate market. We finish with Humble Dollar’s seven financial superpowers that can help you make, save, invest, and ultimately enjoy money. 


Key Takeaways

  • [00:20] - Checking in on the Fed’s economic policy symposium
  • [05:18] - Is there pent-up demand for home purchases?
  • [10:15] - Unsurprising news out of Russia
  • [12:16] - Financial Superpowers


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1462 no Not Taking the Fear-Mongering Bait After Michael Burry (of Big Short fame) made his crash prediction, we decided to go back through the success rate of his predictions. We then go abroad and take a look at the Chinese economy’s contraction, how Britain and our Mississippi neighbors are similar, and more insane sportswashing from Saudi Arabia. We’ll end with data on young homeowners and how coastal areas could take an even bigger real estate market hit.   Key Takeaways [00:17] - Fearmongering from Michael Burry + the media [06:30] - What’s going on with the Chinese market? [11:33] - Britain = Mississippi and Neymar = rich [14:41] - The shocking data on how much Americans have saved for retirement [17:39] - Homeownership rate for young people may be better than narrative says [20:43] - Factoring in homeowner’s insurance in places like New Orleans Links Big Short trader Michael Burry bets $1.6 billion on stock market crash Michael Burry’s market predictions: Hits, misses, and the reality Mexico surpassed China as the top U.S. trading partner China suspends report on youth unemployment, which was at a record high Is Britain really as poor as Mississippi? Perks of Neymar’s Saudi Arabia football club deal Here’s what a $5M retirement looks like in the U.S. Young homeownership rate actually comparable to the last four decades Mortgage rates and home prices needed to return to pre-pandemic affordability Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 17 Aug 2023 21:06:20 -0000 Not Taking the Fear-Mongering Bait full 1 77 Stokes Family Office After Michael Burry (of Big Short fame) made his crash prediction, we decided to go back through the success rate of his predictions. We then go abroad and take a look at the Chinese economy’s contraction, how Britain and our Mississippi neighbors are similar, and more insane sportswashing from Saudi Arabia. We’ll end with data on young homeowners and how coastal areas could take an even bigger real estate market hit.   Key Takeaways [00:17] - Fearmongering from Michael Burry + the media [06:30] - What’s going on with the Chinese market? [11:33] - Britain = Mississippi and Neymar = rich [14:41] - The shocking data on how much Americans have saved for retirement [17:39] - Homeownership rate for young people may be better than narrative says [20:43] - Factoring in homeowner’s insurance in places like New Orleans Links Big Short trader Michael Burry bets $1.6 billion on stock market crash Michael Burry’s market predictions: Hits, misses, and the reality Mexico surpassed China as the top U.S. trading partner China suspends report on youth unemployment, which was at a record high Is Britain really as poor as Mississippi? Perks of Neymar’s Saudi Arabia football club deal Here’s what a $5M retirement looks like in the U.S. Young homeownership rate actually comparable to the last four decades Mortgage rates and home prices needed to return to pre-pandemic affordability Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. After Michael Burry (of Big Short fame) made his crash prediction, we decided to go back through the success rate of his predictions. We then go abroad and take a look at the Chinese economy’s contraction, how Britain and our Mississippi neighbors are similar, and more insane sportswashing from Saudi Arabia. We’ll end with data on young homeowners and how coastal areas could take an even bigger real estate market hit.  


Key Takeaways

  • [00:17] - Fearmongering from Michael Burry + the media
  • [06:30] - What’s going on with the Chinese market?
  • [11:33] - Britain = Mississippi and Neymar = rich
  • [14:41] - The shocking data on how much Americans have saved for retirement
  • [17:39] - Homeownership rate for young people may be better than narrative says
  • [20:43] - Factoring in homeowner’s insurance in places like New Orleans


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1484 no Doom & Gloom vs. Hype + UPS Drivers, Phil Mickelson & a Weekly Inflation Update We start this week by looking at perma-bear prognosticators and on the flip side, the excitement and danger behind the hype of the “next big industry”. And staying on winners and losers, we’ll examine UPS drivers, the decline in petroleum interest, and Phil Mickelson’s eye-opening bets. We will, of course, finish with our weekly inflation update.  Key Takeaways [00:17] - The doom-and-gloom-ers are back [07:49] - The winners and losers of darling tech companies [12:50] - It’s a good time to be a UPS driver [13:50] - While oil is up, undergrad interest is way down [18:31] - Phil Mickelson’s bets [21:06] - What’s driving the decline in inflation? Links John Hussman predicts extreme bubble in stocks will end in tears WeWork - from $47 billion to $270 million NVDA joins 99 companies with the highest P/S multiple within the 500 largest stocks From Apple to Amazon, the staggering cash-on-hand numbers Full-time UPS drivers will earn $170,000 a year, on average, in new contract Undergrad enrollment in petroleum engineering down 75% over the past 10 years Vanguard Energy ETF Since 1995, US Airfares have increased 29% on a nominal basis but have actually declined 36% after adjusting for inflation New book alleges Phil Mickelson wagered over $1 billion, tried to bet on Ryder Cup US CPI has moved down from a peak of 9.1% in June 2022 to 3.2% today The demand for mortgages has evaporated Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 11 Aug 2023 20:09:03 -0000 Doom & Gloom vs. Hype + UPS Drivers, Phil Mickelson & a Weekly Inflation Update full 1 76 Stokes Family Office We start this week by looking at perma-bear prognosticators and on the flip side, the excitement and danger behind the hype of the “next big industry”. And staying on winners and losers, we’ll examine UPS drivers, the decline in petroleum interest, and Phil Mickelson’s eye-opening bets. We will, of course, finish with our weekly inflation update.  Key Takeaways [00:17] - The doom-and-gloom-ers are back [07:49] - The winners and losers of darling tech companies [12:50] - It’s a good time to be a UPS driver [13:50] - While oil is up, undergrad interest is way down [18:31] - Phil Mickelson’s bets [21:06] - What’s driving the decline in inflation? Links John Hussman predicts extreme bubble in stocks will end in tears WeWork - from $47 billion to $270 million NVDA joins 99 companies with the highest P/S multiple within the 500 largest stocks From Apple to Amazon, the staggering cash-on-hand numbers Full-time UPS drivers will earn $170,000 a year, on average, in new contract Undergrad enrollment in petroleum engineering down 75% over the past 10 years Vanguard Energy ETF Since 1995, US Airfares have increased 29% on a nominal basis but have actually declined 36% after adjusting for inflation New book alleges Phil Mickelson wagered over $1 billion, tried to bet on Ryder Cup US CPI has moved down from a peak of 9.1% in June 2022 to 3.2% today The demand for mortgages has evaporated Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We start this week by looking at perma-bear prognosticators and on the flip side, the excitement and danger behind the hype of the “next big industry”. And staying on winners and losers, we’ll examine UPS drivers, the decline in petroleum interest, and Phil Mickelson’s eye-opening bets. We will, of course, finish with our weekly inflation update. 


Key Takeaways

  • [00:17] - The doom-and-gloom-ers are back
  • [07:49] - The winners and losers of darling tech companies
  • [12:50] - It’s a good time to be a UPS driver
  • [13:50] - While oil is up, undergrad interest is way down
  • [18:31] - Phil Mickelson’s bets
  • [21:06] - What’s driving the decline in inflation?


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1598 no Market Recovery in Review As potentially positive economic factors pile up, we look at the market’s recovery, what’s factored into disinflation, and where we go from here. We’ll also examine two strategic competitions: oil vs electricity and real estate vs. the S&P 500.  Key Takeaways [03:17] - The tailwinds of deflation [07:49] - Is our power grid ready for mass EV usage? [12:06] - Oil isn’t going anywhere [15:03] - Real estate investment compared to the S&P 500 Links Sam Ro: Everything looked good last week Barry Sternlicht on the ‘category 5 hurricane’ hitting office buildings 6 things that actually cost less than last year, despite inflation Nick Timiraos: Why the drivers of lower inflation matter WTI Oil up 15% in July Goldman Sachs estimates global oil demand has risen to an all-time high Elon Musk’s latest mission: rev up the electricity industry Jeff Currie: oil’s not going anywhere Nick Maggiulli: The Return on Hassle 2010 acres outside Telluride purchased for $130,000 in 40s listed for $67.75M Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Tue, 01 Aug 2023 13:58:00 -0000 Market Recovery in Review full 1 75 Stokes Family Office As potentially positive economic factors pile up, we look at the market’s recovery, what’s factored into disinflation, and where we go from here. We’ll also examine two strategic competitions: oil vs electricity and real estate vs. the S&P 500.  Key Takeaways [03:17] - The tailwinds of deflation [07:49] - Is our power grid ready for mass EV usage? [12:06] - Oil isn’t going anywhere [15:03] - Real estate investment compared to the S&P 500 Links Sam Ro: Everything looked good last week Barry Sternlicht on the ‘category 5 hurricane’ hitting office buildings 6 things that actually cost less than last year, despite inflation Nick Timiraos: Why the drivers of lower inflation matter WTI Oil up 15% in July Goldman Sachs estimates global oil demand has risen to an all-time high Elon Musk’s latest mission: rev up the electricity industry Jeff Currie: oil’s not going anywhere Nick Maggiulli: The Return on Hassle 2010 acres outside Telluride purchased for $130,000 in 40s listed for $67.75M Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As potentially positive economic factors pile up, we look at the market’s recovery, what’s factored into disinflation, and where we go from here. We’ll also examine two strategic competitions: oil vs electricity and real estate vs. the S&P 500. 


Key Takeaways

  • [03:17] - The tailwinds of deflation
  • [07:49] - Is our power grid ready for mass EV usage?
  • [12:06] - Oil isn’t going anywhere
  • [15:03] - Real estate investment compared to the S&P 500


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1238 no It’s Earnings Season! As performance numbers roll in from some of the country’s largest companies, we take a look at how the markets are performing here vs. the World and how America became a global economic leader. We also discuss how the market deals with intra-year volatility and check back in on Taylor Swift and Messi as market impactors. Key Takeaways [02:38] - Breaking down the latest earnings numbers  [05:00] - How the markets move intra-year and year over year [07:17] - How the rest of the world is faring in comparison to the U.S. [14:36] - T-Swift makes the Fed’s Beige Book [16:38] - Messi is just like us Links Ro: The stock market has Wall Street on its heels CNN Fear and Greed Index Peter Lynch: “I love volatility” WSJ: Europeans are becoming poorer Annual working hours across the world Federal Reserve credits Taylor Swift with boosting hotel revenues through Eras Tour Lionel Messi at Publix Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 20 Jul 2023 21:53:58 -0000 It’s Earnings Season! full 1 74 Stokes Family Office As performance numbers roll in from some of the country’s largest companies, we take a look at how the markets are performing here vs. the World and how America became a global economic leader. We also discuss how the market deals with intra-year volatility and check back in on Taylor Swift and Messi as market impactors. Key Takeaways [02:38] - Breaking down the latest earnings numbers  [05:00] - How the markets move intra-year and year over year [07:17] - How the rest of the world is faring in comparison to the U.S. [14:36] - T-Swift makes the Fed’s Beige Book [16:38] - Messi is just like us Links Ro: The stock market has Wall Street on its heels CNN Fear and Greed Index Peter Lynch: “I love volatility” WSJ: Europeans are becoming poorer Annual working hours across the world Federal Reserve credits Taylor Swift with boosting hotel revenues through Eras Tour Lionel Messi at Publix Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As performance numbers roll in from some of the country’s largest companies, we take a look at how the markets are performing here vs. the World and how America became a global economic leader. We also discuss how the market deals with intra-year volatility and check back in on Taylor Swift and Messi as market impactors.


Key Takeaways

  • [02:38] - Breaking down the latest earnings numbers 
  • [05:00] - How the markets move intra-year and year over year
  • [07:17] - How the rest of the world is faring in comparison to the U.S.
  • [14:36] - T-Swift makes the Fed’s Beige Book
  • [16:38] - Messi is just like us


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1295 no The Goldilocks Scenario This week, we look at what comes from cooling inflation paired with a resilient economy. With the latest inflation numbers in hand, we’ll examine how shelter impacts the numbers, visualize the staggering amount of empty office space, and try to explain what’s going on at Disney. Key Takeaways [00:18] - The latest inflation report and shelter’s role in the numbers [04:21] - What are the “experts” saying? [10:23] - The general economy vs. inflation [11:37] - The empty office conundrum [15:01] - What’s going on with Disney? [20:04] - Tales from our first jobs Links WSJ: Inflation eased to 3% in June, the lowest since early 2021 Goldman: Fed tightening is in its final innings Flight Rader 24: Busiest day for commercial aviation that we’ve ever tracked Visualizing 1 billion square feet of empty office space The empty downtown - a new normal Boston offers tax breaks to turn empty offices into housing Disney World hasn’t felt this empty in years Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 13 Jul 2023 15:12:45 -0000 The Goldilocks Scenario full 1 73 Stokes Family Office This week, we look at what comes from cooling inflation paired with a resilient economy. With the latest inflation numbers in hand, we’ll examine how shelter impacts the numbers, visualize the staggering amount of empty office space, and try to explain what’s going on at Disney. Key Takeaways [00:18] - The latest inflation report and shelter’s role in the numbers [04:21] - What are the “experts” saying? [10:23] - The general economy vs. inflation [11:37] - The empty office conundrum [15:01] - What’s going on with Disney? [20:04] - Tales from our first jobs Links WSJ: Inflation eased to 3% in June, the lowest since early 2021 Goldman: Fed tightening is in its final innings Flight Rader 24: Busiest day for commercial aviation that we’ve ever tracked Visualizing 1 billion square feet of empty office space The empty downtown - a new normal Boston offers tax breaks to turn empty offices into housing Disney World hasn’t felt this empty in years Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, we look at what comes from cooling inflation paired with a resilient economy. With the latest inflation numbers in hand, we’ll examine how shelter impacts the numbers, visualize the staggering amount of empty office space, and try to explain what’s going on at Disney.


Key Takeaways

  • [00:18] - The latest inflation report and shelter’s role in the numbers
  • [04:21] - What are the “experts” saying?
  • [10:23] - The general economy vs. inflation
  • [11:37] - The empty office conundrum
  • [15:01] - What’s going on with Disney?
  • [20:04] - Tales from our first jobs


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1462 no Jobs! Jobs! Jobs! As we wrap up the week, we take a look at the June jobs report and how it may affect the calls for recession and the Fed’s actions moving forward. We’ll also dissect movement in the electric vehicle, T-Bill, and housing markets and end with our takes on the great American summer blockbusters. Key Takeaways [00:27] - Looking at the newest jobs report [7:15] - T-Bill yields are at their highest in over two decades [10:34] - The implications of interest rates [11:06] - Teslas and the electric car market overall [16:22] - Could we see sub-3% mortgage rates again? [20:30] - We put on our film critic hats to say what American movies need to do Links Ryan Detrick: Takeaways from the new jobs numbers Mark Zandi: “The June employment report was close to perfect” Current Truflation number T-Bills are at their highest rate in over 20 years CNBC: Least affordable car market in modern history The top-selling EVs in the first half of 2023 in the US WSJ: Rising EV inventory on dealership lots will offer test of future demand Antonelli: the sub 3% 30 year fixed rate mortgage will be the greatest gift ever bestowed on US homeowners. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Sat, 08 Jul 2023 13:00:00 -0000 Jobs! Jobs! Jobs! full 1 72 Stokes Family Office As we wrap up the week, we take a look at the June jobs report and how it may affect the calls for recession and the Fed’s actions moving forward. We’ll also dissect movement in the electric vehicle, T-Bill, and housing markets and end with our takes on the great American summer blockbusters. Key Takeaways [00:27] - Looking at the newest jobs report [7:15] - T-Bill yields are at their highest in over two decades [10:34] - The implications of interest rates [11:06] - Teslas and the electric car market overall [16:22] - Could we see sub-3% mortgage rates again? [20:30] - We put on our film critic hats to say what American movies need to do Links Ryan Detrick: Takeaways from the new jobs numbers Mark Zandi: “The June employment report was close to perfect” Current Truflation number T-Bills are at their highest rate in over 20 years CNBC: Least affordable car market in modern history The top-selling EVs in the first half of 2023 in the US WSJ: Rising EV inventory on dealership lots will offer test of future demand Antonelli: the sub 3% 30 year fixed rate mortgage will be the greatest gift ever bestowed on US homeowners. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we wrap up the week, we take a look at the June jobs report and how it may affect the calls for recession and the Fed’s actions moving forward. We’ll also dissect movement in the electric vehicle, T-Bill, and housing markets and end with our takes on the great American summer blockbusters.


Key Takeaways

  • [00:27] - Looking at the newest jobs report
  • [7:15] - T-Bill yields are at their highest in over two decades
  • [10:34] - The implications of interest rates
  • [11:06] - Teslas and the electric car market overall
  • [16:22] - Could we see sub-3% mortgage rates again?
  • [20:30] - We put on our film critic hats to say what American movies need to do


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1412 no Heading Into Halftime of 2023 As we trot into the locker room at the halfway point of this year, we examine the competing ideology of calls for a recession vs. declining inflation leading to a bull market. We’ll also look at the economy’s resiliency, how America is viewed across the world, and the unprecedented play of Shohei Ohtani.  Key Takeaways [00:17] - Recapping the markets in the first half of this year [11:04] - Positive milestones in the rental markets [13:46] - The historical probability of market returns [14:55] - Shohei Ohtani is a stud [17:00] - How the U.S. is viewed globally [20:26] - Will Mexico be the next big growth market? [24:21] - America’s aging population Links Barry Ritholtz: What Recession? Major milestones in the rental market History says there’s a higher probability of the stock market finishing up 20% than down for the year Ohtani’s 2 HR, 10K night International public opinion of the U.S. remains positive The US population is older than it has ever been Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 30 Jun 2023 15:49:30 -0000 Heading Into Halftime of 2023 full 1 71 Stokes Family Office As we trot into the locker room at the halfway point of this year, we examine the competing ideology of calls for a recession vs. declining inflation leading to a bull market. We’ll also look at the economy’s resiliency, how America is viewed across the world, and the unprecedented play of Shohei Ohtani.  Key Takeaways [00:17] - Recapping the markets in the first half of this year [11:04] - Positive milestones in the rental markets [13:46] - The historical probability of market returns [14:55] - Shohei Ohtani is a stud [17:00] - How the U.S. is viewed globally [20:26] - Will Mexico be the next big growth market? [24:21] - America’s aging population Links Barry Ritholtz: What Recession? Major milestones in the rental market History says there’s a higher probability of the stock market finishing up 20% than down for the year Ohtani’s 2 HR, 10K night International public opinion of the U.S. remains positive The US population is older than it has ever been Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. As we trot into the locker room at the halfway point of this year, we examine the competing ideology of calls for a recession vs. declining inflation leading to a bull market. We’ll also look at the economy’s resiliency, how America is viewed across the world, and the unprecedented play of Shohei Ohtani. 


Key Takeaways

  • [00:17] - Recapping the markets in the first half of this year
  • [11:04] - Positive milestones in the rental markets
  • [13:46] - The historical probability of market returns
  • [14:55] - Shohei Ohtani is a stud
  • [17:00] - How the U.S. is viewed globally
  • [20:26] - Will Mexico be the next big growth market?
  • [24:21] - America’s aging population


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1688 no Betting on the U.S. Economy This week, we start by discussing the biggest story in the news, the Titan Submersible tragedy. We’ll also look at the transformation of real estate and stock markets and examine the go-forward outlook of the U.S. economy vs. the World.  Key Takeaways [00:22] - Recapping the Titan Submersible tragedy [07:25] - The most expensive U.S. cities to buy a house in 1930  [11:42] - The evolution of participation in the stock market  [17:57] - Shifting from a historical to a current look at the markets [24:24] - The U.S. economy vs the EU and the UK Links The booming business of trying to reach the ends of the Earth More than 500 migrants presumed dead after shipwreck off Coast of Greece A $49.99 videogame controller could have been running the Titanic submersible 10 things you may not know about the Great Depression The “More Doctors Smoke Camels” ad campaign The number of stocks accounting for the S&P 500's gain by year CoreLogic’s Single-Family Rent Index continues its YoY decline Months without a 52-week high in the market Europe has fallen behind America and the gap is growing Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 23 Jun 2023 19:23:54 -0000 Betting on the U.S. Economy full 1 70 Stokes Family Office This week, we start by discussing the biggest story in the news, the Titan Submersible tragedy. We’ll also look at the transformation of real estate and stock markets and examine the go-forward outlook of the U.S. economy vs. the World.  Key Takeaways [00:22] - Recapping the Titan Submersible tragedy [07:25] - The most expensive U.S. cities to buy a house in 1930  [11:42] - The evolution of participation in the stock market  [17:57] - Shifting from a historical to a current look at the markets [24:24] - The U.S. economy vs the EU and the UK Links The booming business of trying to reach the ends of the Earth More than 500 migrants presumed dead after shipwreck off Coast of Greece A $49.99 videogame controller could have been running the Titanic submersible 10 things you may not know about the Great Depression The “More Doctors Smoke Camels” ad campaign The number of stocks accounting for the S&P 500's gain by year CoreLogic’s Single-Family Rent Index continues its YoY decline Months without a 52-week high in the market Europe has fallen behind America and the gap is growing Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, we start by discussing the biggest story in the news, the Titan Submersible tragedy. We’ll also look at the transformation of real estate and stock markets and examine the go-forward outlook of the U.S. economy vs. the World. 


Key Takeaways

  • [00:22] - Recapping the Titan Submersible tragedy
  • [07:25] - The most expensive U.S. cities to buy a house in 1930 
  • [11:42] - The evolution of participation in the stock market 
  • [17:57] - Shifting from a historical to a current look at the markets
  • [24:24] - The U.S. economy vs the EU and the UK


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1788 no Jerome Powell, Elon Musk, and Indiana Jones We discuss the new CPI data, look back at what the experts predicted, and hopefully put the Fed conversation to rest. We’ll also talk about the potential fading of oil demand and ESG importance, and close with our favorite Indiana Jones movies.  Key Takeaways [01:00] - Summarizing inflation data and the Fed’s reaction [05:15] - Did experts see this coming? [14:42] - Are we about to see oil demand begin to tamper? [20:49] - Tesla, Bud Light, and the importance of ESG scores/public opinion [25:09] - Our favorite Indiana Jones editions before the release of the new movie Links Fed pauses rate hikes after 15 consecutive months of increases Price changes over the last year (CPI report) Truflation is at 2.34% Charlie Bilello: Did the experts see this coming? No. Robert Kiyosaki (2/12): Giant crash coming Bloomberg: Global oil demand growth will taper off over the next few years Buffett is buying more Occidental Petroleum stock as oil prices near 2023 lows Patrick Bet-David: Phillip Morris received a higher ESG score than Tesla ESG becoming much less of a talking point on earnings calls Ramp Capital: The king of beer has been dethroned Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 16 Jun 2023 14:45:03 -0000 Jerome Powell, Elon Musk, and Indiana Jones full 1 69 Stokes Family Office We discuss the new CPI data, look back at what the experts predicted, and hopefully put the Fed conversation to rest. We’ll also talk about the potential fading of oil demand and ESG importance, and close with our favorite Indiana Jones movies.  Key Takeaways [01:00] - Summarizing inflation data and the Fed’s reaction [05:15] - Did experts see this coming? [14:42] - Are we about to see oil demand begin to tamper? [20:49] - Tesla, Bud Light, and the importance of ESG scores/public opinion [25:09] - Our favorite Indiana Jones editions before the release of the new movie Links Fed pauses rate hikes after 15 consecutive months of increases Price changes over the last year (CPI report) Truflation is at 2.34% Charlie Bilello: Did the experts see this coming? No. Robert Kiyosaki (2/12): Giant crash coming Bloomberg: Global oil demand growth will taper off over the next few years Buffett is buying more Occidental Petroleum stock as oil prices near 2023 lows Patrick Bet-David: Phillip Morris received a higher ESG score than Tesla ESG becoming much less of a talking point on earnings calls Ramp Capital: The king of beer has been dethroned Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. We discuss the new CPI data, look back at what the experts predicted, and hopefully put the Fed conversation to rest. We’ll also talk about the potential fading of oil demand and ESG importance, and close with our favorite Indiana Jones movies. 


Key Takeaways

  • [01:00] - Summarizing inflation data and the Fed’s reaction
  • [05:15] - Did experts see this coming?
  • [14:42] - Are we about to see oil demand begin to tamper?
  • [20:49] - Tesla, Bud Light, and the importance of ESG scores/public opinion
  • [25:09] - Our favorite Indiana Jones editions before the release of the new movie


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1676 no Are Messi and Taylor Swift Recession Indicators? This week, we discuss the two biggest stories in not only the sports world but the world at large. We also dive into how people are living and spending their money and what that could mean for a recession as well as give updates on the bond and oil markets and ChatGPT vs the S&P 500.  Key Takeaways [00:58] - Messi’s unprecedented move to the MLS [06:10] - The shocking LIV/PGA merger [09:27] - What does it mean that we’re not seeing significant recessionary indicators? [22:43] - Update on the oil markets [24:04] - The importance of who you listen to for financial advice Links Messi sold more PSG jerseys last year ($130m) than total revenue for the top-earning MLS team, LAFC ($116m) Messi turns down $400M per year contract from Saudis Messi's deal includes profit sharing from Apple and Adidas Players shocked and angry after LIV/PGA merger Tiger Woods Was Offered LIV Golf Contract in $700M-$800M Range Nick Timiraos: Goldman Sachs cuts recession probability down to 25% Scott Grannis: The information we have to date strongly suggests that the Fed is done—no more hikes CNN Fear and Greed Index: Extreme Greed Jeffrey Kleintop: Bull markets don't wait for recessions to be over Charlie Bilello: US Bond Market in drawdown for 34 months, by far the longest in history WSJ: This Rally Is All About a Few Star Stocks Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 09 Jun 2023 16:19:28 -0000 Are Messi and Taylor Swift Recession Indicators? full 1 68 Stokes Family Office This week, we discuss the two biggest stories in not only the sports world but the world at large. We also dive into how people are living and spending their money and what that could mean for a recession as well as give updates on the bond and oil markets and ChatGPT vs the S&P 500.  Key Takeaways [00:58] - Messi’s unprecedented move to the MLS [06:10] - The shocking LIV/PGA merger [09:27] - What does it mean that we’re not seeing significant recessionary indicators? [22:43] - Update on the oil markets [24:04] - The importance of who you listen to for financial advice Links Messi sold more PSG jerseys last year ($130m) than total revenue for the top-earning MLS team, LAFC ($116m) Messi turns down $400M per year contract from Saudis Messi's deal includes profit sharing from Apple and Adidas Players shocked and angry after LIV/PGA merger Tiger Woods Was Offered LIV Golf Contract in $700M-$800M Range Nick Timiraos: Goldman Sachs cuts recession probability down to 25% Scott Grannis: The information we have to date strongly suggests that the Fed is done—no more hikes CNN Fear and Greed Index: Extreme Greed Jeffrey Kleintop: Bull markets don't wait for recessions to be over Charlie Bilello: US Bond Market in drawdown for 34 months, by far the longest in history WSJ: This Rally Is All About a Few Star Stocks Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, we discuss the two biggest stories in not only the sports world but the world at large. We also dive into how people are living and spending their money and what that could mean for a recession as well as give updates on the bond and oil markets and ChatGPT vs the S&P 500. 


Key Takeaways

  • [00:58] - Messi’s unprecedented move to the MLS
  • [06:10] - The shocking LIV/PGA merger
  • [09:27] - What does it mean that we’re not seeing significant recessionary indicators?
  • [22:43] - Update on the oil markets
  • [24:04] - The importance of who you listen to for financial advice


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1667 no Is AI the Bubble Du Jour? Stokes’ Managing Partners start by revisiting a point from last week’s episode on down and sideways markets and whether they’re bullish or bearish on a go-forward basis. They’ll also join the discourse on the debt ceiling bill, look at the beginnings of what could be the era of AI, and continue the weekly Fed conversation. Key Takeaways [00:28] - Looking at our down and sideways market [03:48] - What happened with the debt ceiling deal? [10:20] - Are we entering the AI bubble era? [21:39] - Our weekly Fed update Links Nick Maggiulli: Why Down & Sideways Markets are Bullish Cullen Roche: CBO estimates debt ceiling deal will reduce the deficit by 0.2% of GDP Market Sentiment: NVDA is trading at 37x its revenue (P/S) and 202x its earnings (P/E) Charlie Bilello: Top May stock returns Charlie Bilello: A look back at extremes price-to-sale ratios in 2020 Mark Zandi: Over 50% experiencing B2B sales declines Bloomberg: Fed Signal for Rate Pause Takes Pressure Off Hot Jobs Report Lawrence McDonald: Processing the duration/interest rate risk situation   Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 02 Jun 2023 14:00:00 -0000 Is AI the Bubble Du Jour? full 1 67 Stokes Family Office Stokes’ Managing Partners start by revisiting a point from last week’s episode on down and sideways markets and whether they’re bullish or bearish on a go-forward basis. They’ll also join the discourse on the debt ceiling bill, look at the beginnings of what could be the era of AI, and continue the weekly Fed conversation. Key Takeaways [00:28] - Looking at our down and sideways market [03:48] - What happened with the debt ceiling deal? [10:20] - Are we entering the AI bubble era? [21:39] - Our weekly Fed update Links Nick Maggiulli: Why Down & Sideways Markets are Bullish Cullen Roche: CBO estimates debt ceiling deal will reduce the deficit by 0.2% of GDP Market Sentiment: NVDA is trading at 37x its revenue (P/S) and 202x its earnings (P/E) Charlie Bilello: Top May stock returns Charlie Bilello: A look back at extremes price-to-sale ratios in 2020 Mark Zandi: Over 50% experiencing B2B sales declines Bloomberg: Fed Signal for Rate Pause Takes Pressure Off Hot Jobs Report Lawrence McDonald: Processing the duration/interest rate risk situation   Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Stokes’ Managing Partners start by revisiting a point from last week’s episode on down and sideways markets and whether they’re bullish or bearish on a go-forward basis. They’ll also join the discourse on the debt ceiling bill, look at the beginnings of what could be the era of AI, and continue the weekly Fed conversation.


Key Takeaways

  • [00:28] - Looking at our down and sideways market
  • [03:48] - What happened with the debt ceiling deal?
  • [10:20] - Are we entering the AI bubble era?
  • [21:39] - Our weekly Fed update


Links

 

Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1786 no Cheerio! Updates on the Market and a Trip to London Before we head into the holiday weekend, Greg and Doug Stokes discuss why and how so much has happened over the last two years with very little market movement. They also talk about the possibility of a bull market quietly brewing during this time of consolidation and finish with a recap of Greg’s trip across the pond.  Key Takeaways [01:25] - A 10,000-foot view of the market today [07:09] - Truflation vs. what the government says about inflation  [08:46] - Is a new bull market quietly underway? [16:43] - Greg’s economic observations of a trip to London Links Michael Green: USA Truflation down below 3% Axios: Cheaper eggs are on the way Jurrien Timmer: How to think like a bull This forgotten Apple Co-Founder left an estimated $75 Billion on the table Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 26 May 2023 20:58:19 -0000 Cheerio! Updates on the Market and a Trip to London full 1 66 Stokes Family Office Before we head into the holiday weekend, Greg and Doug Stokes discuss why and how so much has happened over the last two years with very little market movement. They also talk about the possibility of a bull market quietly brewing during this time of consolidation and finish with a recap of Greg’s trip across the pond.  Key Takeaways [01:25] - A 10,000-foot view of the market today [07:09] - Truflation vs. what the government says about inflation  [08:46] - Is a new bull market quietly underway? [16:43] - Greg’s economic observations of a trip to London Links Michael Green: USA Truflation down below 3% Axios: Cheaper eggs are on the way Jurrien Timmer: How to think like a bull This forgotten Apple Co-Founder left an estimated $75 Billion on the table Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Before we head into the holiday weekend, Greg and Doug Stokes discuss why and how so much has happened over the last two years with very little market movement. They also talk about the possibility of a bull market quietly brewing during this time of consolidation and finish with a recap of Greg’s trip across the pond. 


Key Takeaways

  • [01:25] - A 10,000-foot view of the market today
  • [07:09] - Truflation vs. what the government says about inflation 
  • [08:46] - Is a new bull market quietly underway?
  • [16:43] - Greg’s economic observations of a trip to London


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1672 no Advocating for Common Sense Doug and Greg start this week by noting a pod prediction that came true in regard to the latest CPI/inflation numbers. They also look at current and past S&P 500 top 10 holdings to answer a hypothetical investment question on diversification vs. the big tech stalwarts. Finally, they prepare for the ramifications of the debt ceiling debate, check in on Russia/Ukraine, and look back at the results of the student debt moratorium. Key Takeaways [01:04] - Our weekly inflation check-in [05:10] - Tech’s current hold on the S&P 500 top 10 holdings [13:34] - Apple vs the World [18:54] - Explaining the Debt Ceiling debate [24:01] - An update on the Russia/Ukraine conflict [27:39] - What we now know about the 2020 student debt moratorium  Links BI: Inflation continued to cool in April Truflation Conor Sen: Owners’ equivalent rent — the turn-down has begun Luis Gonzali: Top 10 S&P 500 Holdings since 1980 Brian Beal: Apple’s market cap is as large as every UK business combined Brookings: How worried should we be if the debt ceiling isn’t lifted? Russia had only one tank in their Victory Day parade Univ. of Chicago - Debt Moratoria: Evidence from Student Loan Forbearance Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 12 May 2023 15:56:18 -0000 Advocating for Common Sense full 1 65 Stokes Family Office Doug and Greg start this week by noting a pod prediction that came true in regard to the latest CPI/inflation numbers. They also look at current and past S&P 500 top 10 holdings to answer a hypothetical investment question on diversification vs. the big tech stalwarts. Finally, they prepare for the ramifications of the debt ceiling debate, check in on Russia/Ukraine, and look back at the results of the student debt moratorium. Key Takeaways [01:04] - Our weekly inflation check-in [05:10] - Tech’s current hold on the S&P 500 top 10 holdings [13:34] - Apple vs the World [18:54] - Explaining the Debt Ceiling debate [24:01] - An update on the Russia/Ukraine conflict [27:39] - What we now know about the 2020 student debt moratorium  Links BI: Inflation continued to cool in April Truflation Conor Sen: Owners’ equivalent rent — the turn-down has begun Luis Gonzali: Top 10 S&P 500 Holdings since 1980 Brian Beal: Apple’s market cap is as large as every UK business combined Brookings: How worried should we be if the debt ceiling isn’t lifted? Russia had only one tank in their Victory Day parade Univ. of Chicago - Debt Moratoria: Evidence from Student Loan Forbearance Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Doug and Greg start this week by noting a pod prediction that came true in regard to the latest CPI/inflation numbers. They also look at current and past S&P 500 top 10 holdings to answer a hypothetical investment question on diversification vs. the big tech stalwarts. Finally, they prepare for the ramifications of the debt ceiling debate, check in on Russia/Ukraine, and look back at the results of the student debt moratorium.


Key Takeaways

  • [01:04] - Our weekly inflation check-in
  • [05:10] - Tech’s current hold on the S&P 500 top 10 holdings
  • [13:34] - Apple vs the World
  • [18:54] - Explaining the Debt Ceiling debate
  • [24:01] - An update on the Russia/Ukraine conflict
  • [27:39] - What we now know about the 2020 student debt moratorium 


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1796 no Taking (Another) Rate Hike The Stokes Brothers are back this week to discuss their favorite topic, the Federal Reserve. They question the Fed’s decision to raise rates again, look at the latest bank failure, and examine how these occurrences may slow down the economy.  Key Takeaways [00:17] - A busy week with a rate hike and more bank failures [08:54] - The effect of large bank failures on regional banks [13:34] - The danger of being all in on a certain strategy or sector [19:04] - The latest snippets from S&P 500 earnings calls/reports [22:48] - Historical market returns when earnings are up and down YOY Links Fed increases rates a quarter point and signals a potential end to hikes Truflation Sven Henrich: 99.2% odds of rate cuts before the end of the year Pranksters posing as Ukraine's president tricked the Fed chair into a phone call Jim Cramer’s April 19th Western Alliance take Federal government seizes First Republic Bank and sells to JPMorgan Chase Ben Carlson: Regional Banking ETF returns vs S&P 500 The top move-out U.S. Metros and their top destinations McDonald’s says people are cutting out ordering fries 'Labor Shortages' mentions outpace 'Job Cuts' during S&P 500 company earnings calls Carlson: Over the last 90+ years the stock market has been more likely to see positive returns, double-digit returns, and up years of 20% or more when earnings are down from one year to the next. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 05 May 2023 16:29:10 -0000 Taking (Another) Rate Hike full 1 64 Stokes Family Office The Stokes Brothers are back this week to discuss their favorite topic, the Federal Reserve. They question the Fed’s decision to raise rates again, look at the latest bank failure, and examine how these occurrences may slow down the economy.  Key Takeaways [00:17] - A busy week with a rate hike and more bank failures [08:54] - The effect of large bank failures on regional banks [13:34] - The danger of being all in on a certain strategy or sector [19:04] - The latest snippets from S&P 500 earnings calls/reports [22:48] - Historical market returns when earnings are up and down YOY Links Fed increases rates a quarter point and signals a potential end to hikes Truflation Sven Henrich: 99.2% odds of rate cuts before the end of the year Pranksters posing as Ukraine's president tricked the Fed chair into a phone call Jim Cramer’s April 19th Western Alliance take Federal government seizes First Republic Bank and sells to JPMorgan Chase Ben Carlson: Regional Banking ETF returns vs S&P 500 The top move-out U.S. Metros and their top destinations McDonald’s says people are cutting out ordering fries 'Labor Shortages' mentions outpace 'Job Cuts' during S&P 500 company earnings calls Carlson: Over the last 90+ years the stock market has been more likely to see positive returns, double-digit returns, and up years of 20% or more when earnings are down from one year to the next. Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. The Stokes Brothers are back this week to discuss their favorite topic, the Federal Reserve. They question the Fed’s decision to raise rates again, look at the latest bank failure, and examine how these occurrences may slow down the economy. 


Key Takeaways

  • [00:17] - A busy week with a rate hike and more bank failures
  • [08:54] - The effect of large bank failures on regional banks
  • [13:34] - The danger of being all in on a certain strategy or sector
  • [19:04] - The latest snippets from S&P 500 earnings calls/reports
  • [22:48] - Historical market returns when earnings are up and down YOY


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1665 no Sports Cards and Memorabilia with Author Steve Lane This week, the guys are joined by a very special guest. Steve Lane is the author of Mickey Mantle: A Life In Memorabilia which chronicles the life and career of Mickey Mantle through the items in Steve’s extensive collection. They discuss his incredible Mantle items and how sports cards and memorabilia have now become a legitimate investment vehicle in what Steve calls the art of the 21st century. Key Takeaways [03:07] - How Steve got into collecting baseball cards [04:35] - Why Mickey Mantle is such an important American figure [10:54] - Steve’s most prized Mantle items [15:30] - When/why did the memorabilia market take off? [21:59] - Nostalgia vs. investment [30:01] - Steve’s appeared on the “Talking Sopranos” podcast Links Steve Lane Mickey Mantle: A Life in Memorabilia Aaron Judge with Mickey Mantle’s glove  National Sports Collectors Convention ‘Talking Sopranos’ Superfan Episode Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 28 Apr 2023 16:17:58 -0000 Sports Cards and Memorabilia with Author Steve Lane full 1 63 Stokes Family Office This week, the guys are joined by a very special guest. Steve Lane is the author of Mickey Mantle: A Life In Memorabilia which chronicles the life and career of Mickey Mantle through the items in Steve’s extensive collection. They discuss his incredible Mantle items and how sports cards and memorabilia have now become a legitimate investment vehicle in what Steve calls the art of the 21st century. Key Takeaways [03:07] - How Steve got into collecting baseball cards [04:35] - Why Mickey Mantle is such an important American figure [10:54] - Steve’s most prized Mantle items [15:30] - When/why did the memorabilia market take off? [21:59] - Nostalgia vs. investment [30:01] - Steve’s appeared on the “Talking Sopranos” podcast Links Steve Lane Mickey Mantle: A Life in Memorabilia Aaron Judge with Mickey Mantle’s glove  National Sports Collectors Convention ‘Talking Sopranos’ Superfan Episode Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. This week, the guys are joined by a very special guest. Steve Lane is the author of Mickey Mantle: A Life In Memorabilia which chronicles the life and career of Mickey Mantle through the items in Steve’s extensive collection. They discuss his incredible Mantle items and how sports cards and memorabilia have now become a legitimate investment vehicle in what Steve calls the art of the 21st century.


Key Takeaways

  • [03:07] - How Steve got into collecting baseball cards
  • [04:35] - Why Mickey Mantle is such an important American figure
  • [10:54] - Steve’s most prized Mantle items
  • [15:30] - When/why did the memorabilia market take off?
  • [21:59] - Nostalgia vs. investment
  • [30:01] - Steve’s appeared on the “Talking Sopranos” podcast


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 2153 no The Glass-Half-Full View of What Could Be the Next Recession After a Spring Break vacation, the guys are back in the studio to catch you up on all the financial happenings around the globe. They discuss how remote work and office space vacancies are affecting the commercial real estate market, how the residential market fluctuates wildly from coast to coast, and why we should be optimistic despite continuing recession rumblings.  Fri, 21 Apr 2023 18:17:09 -0000 The Glass-Half-Full View of What Could Be the Next Recession full 1 62 Stokes Family Office After a Spring Break vacation, the guys are back in the studio to catch you up on all the financial happenings around the globe. They discuss how remote work and office space vacancies are affecting the commercial real estate market, how the residential market fluctuates wildly from coast to coast, and why we should be optimistic despite continuing recession rumblings.  After a Spring Break vacation, the guys are back in the studio to catch you up on all the financial happenings around the globe. They discuss how remote work and office space vacancies are affecting the commercial real estate market, how the residential market fluctuates wildly from coast to coast, and why we should be optimistic despite continuing recession rumblings. 

]]> 1765 no 60% of the Time, It Works Every Time The Stokes Brothers pick apart negative headlines we are seeing despite coming out of a positive first quarter. They also discuss the resurgence of Bitcoin, the emergence of AI, the effects of an aging population, and of course…the Federal Reserve. Key Takeaways [06:18] - Is there any merit to the US dollar losing its status as a reserve currency? [09:57] - Why is Bitcoin back up? [12:09] - The speculative mania behind new tech like AI [16:01] - What happens when the Fed stops its rate hiking cycle? [22:00] - US vs International performance; a shift from growth to value [27:05] - The financial impact of an aging population Links Ryan Detrick - S&P 500 gains after a >7% Gain Q1 Historically Cullen Roche - Is the US dollar losing reserve status? Jurrien Timmer - The final Fed tightening cycle historically WP: How Silicon Valley Bank’s executives tweaked their risk model JP Morgan: USA vs EAFE relative performance Lawrence Hamtil Charlie Bilello: the % of Americans 65 and older Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Wed, 05 Apr 2023 18:21:15 -0000 60% of the Time, It Works Every Time full 1 61 Stokes Family Office The Stokes Brothers pick apart negative headlines we are seeing despite coming out of a positive first quarter. They also discuss the resurgence of Bitcoin, the emergence of AI, the effects of an aging population, and of course…the Federal Reserve. Key Takeaways [06:18] - Is there any merit to the US dollar losing its status as a reserve currency? [09:57] - Why is Bitcoin back up? [12:09] - The speculative mania behind new tech like AI [16:01] - What happens when the Fed stops its rate hiking cycle? [22:00] - US vs International performance; a shift from growth to value [27:05] - The financial impact of an aging population Links Ryan Detrick - S&P 500 gains after a >7% Gain Q1 Historically Cullen Roche - Is the US dollar losing reserve status? Jurrien Timmer - The final Fed tightening cycle historically WP: How Silicon Valley Bank’s executives tweaked their risk model JP Morgan: USA vs EAFE relative performance Lawrence Hamtil Charlie Bilello: the % of Americans 65 and older Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. The Stokes Brothers pick apart negative headlines we are seeing despite coming out of a positive first quarter. They also discuss the resurgence of Bitcoin, the emergence of AI, the effects of an aging population, and of course…the Federal Reserve.


Key Takeaways

  • [06:18] - Is there any merit to the US dollar losing its status as a reserve currency?
  • [09:57] - Why is Bitcoin back up?
  • [12:09] - The speculative mania behind new tech like AI
  • [16:01] - What happens when the Fed stops its rate hiking cycle?
  • [22:00] - US vs International performance; a shift from growth to value
  • [27:05] - The financial impact of an aging population



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1928 no A Bull Market Is Built on a Wall of Worry The guys take a look back at a crazy 1st quarter that has shown the market’s resilience. They discuss where the banking industry goes from here, how commercial real estate could factor into that, and how this first quarter was a classic example of why you stay invested in an equity portfolio through thick and thin. Key Takeaways [04:00] - What is market breadth? [12:11] - Potential banking ramifications related to commercial real estate/office space [18:04] - How do banking/lending standards change moving forward [20:26] - The coin flip of the market’s movements Quotes “So this is that classic wall of worry. Essentially the saying goes that a bull market is built on a wall of worry, meaning that generally the people that are optimistic about markets turn a blind eye to the headline risk and continue to invest and buy and average into markets during times of turmoil are generally rewarded. This first quarter is a classic example of that.” - Doug Stokes “Over the short term, markets are a voting machine, and over the long term, they're a weighing machine.”  - Ben Graham Links RSP - Equal Weighted S&P 500 Index Bloomberg: FDIC Considers Forcing Big Banks to Pay Up After $23 Billion Hit Joe Consorti: Vacant office space in the US is at its highest level ever Vornado Realty Trust Planetizen: 11K Units Possible with San Francisco Office Conversions The Reformed Broker: A Shock to Lending Standards Michael Burry: “I was wrong to say sell.” Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Fri, 31 Mar 2023 15:11:23 -0000 A Bull Market Is Built on a Wall of Worry full 1 60 Stokes Family Office The guys take a look back at a crazy 1st quarter that has shown the market’s resilience. They discuss where the banking industry goes from here, how commercial real estate could factor into that, and how this first quarter was a classic example of why you stay invested in an equity portfolio through thick and thin. Key Takeaways [04:00] - What is market breadth? [12:11] - Potential banking ramifications related to commercial real estate/office space [18:04] - How do banking/lending standards change moving forward [20:26] - The coin flip of the market’s movements Quotes “So this is that classic wall of worry. Essentially the saying goes that a bull market is built on a wall of worry, meaning that generally the people that are optimistic about markets turn a blind eye to the headline risk and continue to invest and buy and average into markets during times of turmoil are generally rewarded. This first quarter is a classic example of that.” - Doug Stokes “Over the short term, markets are a voting machine, and over the long term, they're a weighing machine.”  - Ben Graham Links RSP - Equal Weighted S&P 500 Index Bloomberg: FDIC Considers Forcing Big Banks to Pay Up After $23 Billion Hit Joe Consorti: Vacant office space in the US is at its highest level ever Vornado Realty Trust Planetizen: 11K Units Possible with San Francisco Office Conversions The Reformed Broker: A Shock to Lending Standards Michael Burry: “I was wrong to say sell.” Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. The guys take a look back at a crazy 1st quarter that has shown the market’s resilience. They discuss where the banking industry goes from here, how commercial real estate could factor into that, and how this first quarter was a classic example of why you stay invested in an equity portfolio through thick and thin.


Key Takeaways

  • [04:00] - What is market breadth?
  • [12:11] - Potential banking ramifications related to commercial real estate/office space
  • [18:04] - How do banking/lending standards change moving forward
  • [20:26] - The coin flip of the market’s movements



Quotes

“So this is that classic wall of worry. Essentially the saying goes that a bull market is built on a wall of worry, meaning that generally the people that are optimistic about markets turn a blind eye to the headline risk and continue to invest and buy and average into markets during times of turmoil are generally rewarded. This first quarter is a classic example of that.” - Doug Stokes

“Over the short term, markets are a voting machine, and over the long term, they're a weighing machine.”  - Ben Graham



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1779 no It’s Fed Day (Again)! The guys once again turn their attention to Jerome Powell, Janet Yellen, and what the Fed will do in the wake of the recent bank failures. They dive into the global effects of those collapses including what happened with Credit Suisse and then look at what we can learn from the cyclical nature of human behavior. Key Takeaways [03:59] - How do banks actually work? [09:09] - How does the government determine what banks are “important”? [10:50] - What happened with Credit Suisse? [18:49] - Lessons learned from the repetition of human behavior Quotes “Banks are not going to want to loan in this environment with the fear that people may have a run on their bank too. They may be the next dominant fall. Lending is just going to be a little bit more stringent in this environment, which curbs economic growth because we're a credit-based society; businesses [and individuals] borrow money to invest and grow.” - Doug Stokes “Just from a macro standpoint, even though it was absolutely a bailout in terms of those two bank failures, the system on the whole would have really experienced a lot of stress. So even though it was a bailout, I think it probably was necessary to avert a bigger crisis.”  - Greg Stokes Links Axios: Feds Raise Rates Again, Despite Bank Failures CNBC: Credit Suisse-USB, A Financial Banana Republic Truflation WSJ: Yellen Says U.S. Could Move to Protect Deposits at Other Banks Reuters: Bill Hwang’s History With Credit Suisse WSJ: JPMorgan Bought Nickel That Turned Out to Be Stones The World’s Oldest Complaint Letter Just Keep Buying by Nick Maggiulli David Senra: Lessons from Dinner With Charlie Munger Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Thu, 23 Mar 2023 18:14:48 -0000 It’s Fed Day (Again)! full 1 59 Stokes Family Office The guys once again turn their attention to Jerome Powell, Janet Yellen, and what the Fed will do in the wake of the recent bank failures. They dive into the global effects of those collapses including what happened with Credit Suisse and then look at what we can learn from the cyclical nature of human behavior. Key Takeaways [03:59] - How do banks actually work? [09:09] - How does the government determine what banks are “important”? [10:50] - What happened with Credit Suisse? [18:49] - Lessons learned from the repetition of human behavior Quotes “Banks are not going to want to loan in this environment with the fear that people may have a run on their bank too. They may be the next dominant fall. Lending is just going to be a little bit more stringent in this environment, which curbs economic growth because we're a credit-based society; businesses [and individuals] borrow money to invest and grow.” - Doug Stokes “Just from a macro standpoint, even though it was absolutely a bailout in terms of those two bank failures, the system on the whole would have really experienced a lot of stress. So even though it was a bailout, I think it probably was necessary to avert a bigger crisis.”  - Greg Stokes Links Axios: Feds Raise Rates Again, Despite Bank Failures CNBC: Credit Suisse-USB, A Financial Banana Republic Truflation WSJ: Yellen Says U.S. Could Move to Protect Deposits at Other Banks Reuters: Bill Hwang’s History With Credit Suisse WSJ: JPMorgan Bought Nickel That Turned Out to Be Stones The World’s Oldest Complaint Letter Just Keep Buying by Nick Maggiulli David Senra: Lessons from Dinner With Charlie Munger Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. The guys once again turn their attention to Jerome Powell, Janet Yellen, and what the Fed will do in the wake of the recent bank failures. They dive into the global effects of those collapses including what happened with Credit Suisse and then look at what we can learn from the cyclical nature of human behavior.



Key Takeaways

  • [03:59] - How do banks actually work?
  • [09:09] - How does the government determine what banks are “important”?
  • [10:50] - What happened with Credit Suisse?
  • [18:49] - Lessons learned from the repetition of human behavior



Quotes

“Banks are not going to want to loan in this environment with the fear that people may have a run on their bank too. They may be the next dominant fall. Lending is just going to be a little bit more stringent in this environment, which curbs economic growth because we're a credit-based society; businesses [and individuals] borrow money to invest and grow.” - Doug Stokes

“Just from a macro standpoint, even though it was absolutely a bailout in terms of those two bank failures, the system on the whole would have really experienced a lot of stress. So even though it was a bailout, I think it probably was necessary to avert a bigger crisis.”  - Greg Stokes



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

]]> 1561 no The Run on Silicon Valley Bank https://lagniappe.stokesfamilyoffice.com/ No doubt, you’ve heard about the collapse of Silicon Valley Bank. But do you know how it happened? Or why? Greg and Doug Stokes give these answers and more about how the government stepped in and what the biggest bank crash since 2008 means for the economy moving forward. Key Takeaways [01:41] - How the demise of Silicon Valley Bank really started in the COVID era [06:24] - What a bank run looks like in the technological age [11:28] - Where will the Fed go from here? [18:01] - A look at current CPI and Trueflation numbers Quotes “This all just leads me to believe that a prudent strategic asset allocation approach and not trying to jump in and out is even more important nowadays because It seems like information, as quickly as it gets across the wires, prices move so quickly that somebody attempting to jump in and out of the market and saying, ‘look, I'm going to take a break until things settle down.’ It's almost impossible to do that nowadays because everything just bounces around so quickly.” - Doug Stokes “It seems as of now, that things have chilled out, and the markets are positive now that CPI numbers have come out. But the interesting thing is what the Fed does. In terms of raising rates, they raise until something breaks, is the saying. And obviously, something broke.”  - Greg Stokes Links Forbes: What to Know About the Biggest Bank Failure Since 2008 WSJ: Social-Media Postings Amplify Anxiety Over SVB Collapse Barney Frank Was on the Board of Failed Signature Bank Dr. David Kelly, Chief Global Strategist - JP Morgan Antetokounmpo Had Money in 50 Banks Until Bucks Owner Helped Him Invest Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Wed, 15 Mar 2023 17:57:00 -0000 The Run on Silicon Valley Bank full 1 58 Stokes Family Office No doubt, you’ve heard about the collapse of Silicon Valley Bank. But do you know how it happened? Or why? Greg and Doug Stokes give these answers and more about how the government stepped in and what the biggest bank crash since 2008 means for the economy moving forward. Key Takeaways [01:41] - How the demise of Silicon Valley Bank really started in the COVID era [06:24] - What a bank run looks like in the technological age [11:28] - Where will the Fed go from here? [18:01] - A look at current CPI and Trueflation numbers Quotes “This all just leads me to believe that a prudent strategic asset allocation approach and not trying to jump in and out is even more important nowadays because It seems like information, as quickly as it gets across the wires, prices move so quickly that somebody attempting to jump in and out of the market and saying, ‘look, I'm going to take a break until things settle down.’ It's almost impossible to do that nowadays because everything just bounces around so quickly.” - Doug Stokes “It seems as of now, that things have chilled out, and the markets are positive now that CPI numbers have come out. But the interesting thing is what the Fed does. In terms of raising rates, they raise until something breaks, is the saying. And obviously, something broke.”  - Greg Stokes Links Forbes: What to Know About the Biggest Bank Failure Since 2008 WSJ: Social-Media Postings Amplify Anxiety Over SVB Collapse Barney Frank Was on the Board of Failed Signature Bank Dr. David Kelly, Chief Global Strategist - JP Morgan Antetokounmpo Had Money in 50 Banks Until Bucks Owner Helped Him Invest Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. No doubt, you’ve heard about the collapse of Silicon Valley Bank. But do you know how it happened? Or why? Greg and Doug Stokes give these answers and more about how the government stepped in and what the biggest bank crash since 2008 means for the economy moving forward.



Key Takeaways

  • [01:41] - How the demise of Silicon Valley Bank really started in the COVID era
  • [06:24] - What a bank run looks like in the technological age
  • [11:28] - Where will the Fed go from here?
  • [18:01] - A look at current CPI and Trueflation numbers



Quotes

“This all just leads me to believe that a prudent strategic asset allocation approach and not trying to jump in and out is even more important nowadays because It seems like information, as quickly as it gets across the wires, prices move so quickly that somebody attempting to jump in and out of the market and saying, ‘look, I'm going to take a break until things settle down.’ It's almost impossible to do that nowadays because everything just bounces around so quickly.” - Doug Stokes

“It seems as of now, that things have chilled out, and the markets are positive now that CPI numbers have come out. But the interesting thing is what the Fed does. In terms of raising rates, they raise until something breaks, is the saying. And obviously, something broke.”  - Greg Stokes



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1591 no Jim Cobb, Best-Selling Author & Defense Attorney This week’s guest is Jim Cobb, a New Orleans defense attorney and the author of the award-winning book, Flood of Lies: The St. Rita's Nursing Home Tragedy. Jim won two high-profile cases defending the owners of nursing homes in St. Bernard, LA and Hollywood Hills, FL. The trio discusses these trials, the state of today’s judicial system, and even Jim’s under-the-radar New Orleans restaurant recommendation.  Key Takeaways [02:23] - How Jim was inspired — as an attorney — by the Boston Massacre story [04:32] - The power of government and money in the U.S. justice system [09:57] - The mob mentality & political outcry after nursing home tragedies in LA & FL [16:54] - The probability of more weather-related tragedies [19:29] - How money factors into being a defendant [23:52] - The process of screening cases based on “win-ability” [25:58] - Why it’s harder to defend someone you know is innocent Quotes [05:39] - “The only thing written on the front of the Supreme Court is ‘equal justice under law’. That's their motto. That's our motto. Let me suggest to you folks that there's nothing equal about the justice that is dispensed in this country. The only thing that gets you close to equal justice is if you’ve got a lot of money.” - Jim Cobb   Links Jim Cobb Flood of Lies: The St. Rita's Nursing Home Tragedy What Happened at St. Rita’s Nursing Home? St. Rita’s Nursing Home Owners Acquitted Judge Tosses Case Against Administrator in Hollywood Hills Nursing Home Trial N7 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Fri, 10 Mar 2023 18:11:51 -0000 Jim Cobb, Best-Selling Author & Defense Attorney full 1 57 Stokes Family Office This week’s guest is Jim Cobb, a New Orleans defense attorney and the author of the award-winning book, Flood of Lies: The St. Rita's Nursing Home Tragedy. Jim won two high-profile cases defending the owners of nursing homes in St. Bernard, LA and Hollywood Hills, FL. The trio discusses these trials, the state of today’s judicial system, and even Jim’s under-the-radar New Orleans restaurant recommendation.  Key Takeaways [02:23] - How Jim was inspired — as an attorney — by the Boston Massacre story [04:32] - The power of government and money in the U.S. justice system [09:57] - The mob mentality & political outcry after nursing home tragedies in LA & FL [16:54] - The probability of more weather-related tragedies [19:29] - How money factors into being a defendant [23:52] - The process of screening cases based on “win-ability” [25:58] - Why it’s harder to defend someone you know is innocent Quotes [05:39] - “The only thing written on the front of the Supreme Court is ‘equal justice under law’. That's their motto. That's our motto. Let me suggest to you folks that there's nothing equal about the justice that is dispensed in this country. The only thing that gets you close to equal justice is if you’ve got a lot of money.” - Jim Cobb   Links Jim Cobb Flood of Lies: The St. Rita's Nursing Home Tragedy What Happened at St. Rita’s Nursing Home? St. Rita’s Nursing Home Owners Acquitted Judge Tosses Case Against Administrator in Hollywood Hills Nursing Home Trial N7 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week’s guest is Jim Cobb, a New Orleans defense attorney and the author of the award-winning book, Flood of Lies: The St. Rita's Nursing Home Tragedy. Jim won two high-profile cases defending the owners of nursing homes in St. Bernard, LA and Hollywood Hills, FL. The trio discusses these trials, the state of today’s judicial system, and even Jim’s under-the-radar New Orleans restaurant recommendation. 


Key Takeaways

  • [02:23] - How Jim was inspired — as an attorney — by the Boston Massacre story
  • [04:32] - The power of government and money in the U.S. justice system
  • [09:57] - The mob mentality & political outcry after nursing home tragedies in LA & FL
  • [16:54] - The probability of more weather-related tragedies
  • [19:29] - How money factors into being a defendant
  • [23:52] - The process of screening cases based on “win-ability”
  • [25:58] - Why it’s harder to defend someone you know is innocent


Quotes

[05:39] - “The only thing written on the front of the Supreme Court is ‘equal justice under law’. That's their motto. That's our motto. Let me suggest to you folks that there's nothing equal about the justice that is dispensed in this country. The only thing that gets you close to equal justice is if you’ve got a lot of money.” - Jim Cobb  


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1973 no The Screeching Halt of the Housing Market Back in the studio, the Stokes Brothers catch up after the Mardi Gras break. They examine why bad economic news is good news for the market and vice versa, and why the real estate market across the country has come to an abrupt halt. Key Takeaways [00:22] - Good news is bad news for the market and bad news is good news [05:28] - Is now the right time to lock in long-term bonds? [08:09] - A deep dive into the current real estate market [16:38] - Tales from the slopes during Mardi Gras break Quotes [01:25] - “Interest rates are moving around like crazy at this point, and that's just the market trying to figure out where this is ultimately going to land with the Federal Reserve. I'm still in the camp that we're going to see continued declines in inflation.” - Doug Stokes   [12:40] - “My sort of base case is that there's just not going to be a whole lot of activity in housing, and either we're going to have sort of a sideways market in housing until rents sort of catch up, or maybe we have a decline in interest rates, which decreases that affordability gap. But as it currently stands, there's just a massive gap between what you can afford in rent versus the comparable house to buy. So no houses are affordable at this point.” - Doug Stokes   Links Truflation  Scott Grannis - Calafia Beach Pundit Goldman Sachs: 99% of borrowers have a mortgage rate lower than the current market rate Nick Timiraos - U.S. home prices fell 5.4% at an annualized rate over the Jul-Dec period Bill McBride - Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY Cullen Roche - Has Housing Bottomed Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Mon, 06 Mar 2023 16:12:05 -0000 The Screeching Halt of the Housing Market full 1 56 Stokes Family Office Back in the studio, the Stokes Brothers catch up after the Mardi Gras break. They examine why bad economic news is good news for the market and vice versa, and why the real estate market across the country has come to an abrupt halt. Key Takeaways [00:22] - Good news is bad news for the market and bad news is good news [05:28] - Is now the right time to lock in long-term bonds? [08:09] - A deep dive into the current real estate market [16:38] - Tales from the slopes during Mardi Gras break Quotes [01:25] - “Interest rates are moving around like crazy at this point, and that's just the market trying to figure out where this is ultimately going to land with the Federal Reserve. I'm still in the camp that we're going to see continued declines in inflation.” - Doug Stokes   [12:40] - “My sort of base case is that there's just not going to be a whole lot of activity in housing, and either we're going to have sort of a sideways market in housing until rents sort of catch up, or maybe we have a decline in interest rates, which decreases that affordability gap. But as it currently stands, there's just a massive gap between what you can afford in rent versus the comparable house to buy. So no houses are affordable at this point.” - Doug Stokes   Links Truflation  Scott Grannis - Calafia Beach Pundit Goldman Sachs: 99% of borrowers have a mortgage rate lower than the current market rate Nick Timiraos - U.S. home prices fell 5.4% at an annualized rate over the Jul-Dec period Bill McBride - Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY Cullen Roche - Has Housing Bottomed Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Back in the studio, the Stokes Brothers catch up after the Mardi Gras break. They examine why bad economic news is good news for the market and vice versa, and why the real estate market across the country has come to an abrupt halt.


Key Takeaways

  • [00:22] - Good news is bad news for the market and bad news is good news
  • [05:28] - Is now the right time to lock in long-term bonds?
  • [08:09] - A deep dive into the current real estate market
  • [16:38] - Tales from the slopes during Mardi Gras break


Quotes

[01:25] - “Interest rates are moving around like crazy at this point, and that's just the market trying to figure out where this is ultimately going to land with the Federal Reserve. I'm still in the camp that we're going to see continued declines in inflation.” - Doug Stokes  

[12:40] - “My sort of base case is that there's just not going to be a whole lot of activity in housing, and either we're going to have sort of a sideways market in housing until rents sort of catch up, or maybe we have a decline in interest rates, which decreases that affordability gap. But as it currently stands, there's just a massive gap between what you can afford in rent versus the comparable house to buy. So no houses are affordable at this point.” - Doug Stokes  


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1322 no The Macro View with Rob Koyfman In this week’s episode, the guys welcome on Rob Koyfman, CEO and co-founder of Koyfin. His company offers live market data and powerful analytical tools in a modern, intuitive format. Rob, an expert at taking the macro perspective, discusses emerging markets, inflation, efficiency in the tech sector, and making industry-leading data available for everyone, no matter the size of the portfolio. Key Takeaways [00:18] - A look at Rob Koyfman’s experience leading to founding Koyfin [03:31] - Rob’s optimistic view about the macroeconomy right now [09:18] - The macro look at emerging markets  [13:38] - The reality of shifting from oil and gas to renewable energy [20:23] - Interest rates’ effect on tech investing [23:09] - The tech culture of growth vs. efficiency [29:01] - How Koyfin is bringing professional-grade analytics tools to the masses [32:38] - Why there’s a lack of innovation from large companies like Bloomberg [35:42] - Where does Rob see Koyfin in 3-5 years Quotes [28:06] - “Maybe this whole [tech] layoff spurs the next wave of growth and technology by having all of these people that are intelligent coming together and saying, we've got to create a new product instead of being employed by one of these mega-firms.” - Doug Stokes   [35:50] - “I'd say the real power of our tool is the customization and the fact that you have hedge fund managers and students using the tool in different ways. So we want to offer that customization to all of our users and basically offer all that data in one place so that they can customize the workflow to what they're trying to achieve.” - Rob Koyfman Links Rob Koyfman Koyfin Emerging Markets episode with Perth Tolle Spotify cuts 6% of its workforce Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 21 Feb 2023 19:23:30 -0000 The Macro View with Rob Koyfman full 1 55 Stokes Family Office In this week’s episode, the guys welcome on Rob Koyfman, CEO and co-founder of Koyfin. His company offers live market data and powerful analytical tools in a modern, intuitive format. Rob, an expert at taking the macro perspective, discusses emerging markets, inflation, efficiency in the tech sector, and making industry-leading data available for everyone, no matter the size of the portfolio. Key Takeaways [00:18] - A look at Rob Koyfman’s experience leading to founding Koyfin [03:31] - Rob’s optimistic view about the macroeconomy right now [09:18] - The macro look at emerging markets  [13:38] - The reality of shifting from oil and gas to renewable energy [20:23] - Interest rates’ effect on tech investing [23:09] - The tech culture of growth vs. efficiency [29:01] - How Koyfin is bringing professional-grade analytics tools to the masses [32:38] - Why there’s a lack of innovation from large companies like Bloomberg [35:42] - Where does Rob see Koyfin in 3-5 years Quotes [28:06] - “Maybe this whole [tech] layoff spurs the next wave of growth and technology by having all of these people that are intelligent coming together and saying, we've got to create a new product instead of being employed by one of these mega-firms.” - Doug Stokes   [35:50] - “I'd say the real power of our tool is the customization and the fact that you have hedge fund managers and students using the tool in different ways. So we want to offer that customization to all of our users and basically offer all that data in one place so that they can customize the workflow to what they're trying to achieve.” - Rob Koyfman Links Rob Koyfman Koyfin Emerging Markets episode with Perth Tolle Spotify cuts 6% of its workforce Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this week’s episode, the guys welcome on Rob Koyfman, CEO and co-founder of Koyfin. His company offers live market data and powerful analytical tools in a modern, intuitive format.

Rob, an expert at taking the macro perspective, discusses emerging markets, inflation, efficiency in the tech sector, and making industry-leading data available for everyone, no matter the size of the portfolio.


Key Takeaways

  • [00:18] - A look at Rob Koyfman’s experience leading to founding Koyfin
  • [03:31] - Rob’s optimistic view about the macroeconomy right now
  • [09:18] - The macro look at emerging markets 
  • [13:38] - The reality of shifting from oil and gas to renewable energy
  • [20:23] - Interest rates’ effect on tech investing
  • [23:09] - The tech culture of growth vs. efficiency
  • [29:01] - How Koyfin is bringing professional-grade analytics tools to the masses
  • [32:38] - Why there’s a lack of innovation from large companies like Bloomberg
  • [35:42] - Where does Rob see Koyfin in 3-5 years


Quotes

[28:06] - “Maybe this whole [tech] layoff spurs the next wave of growth and technology by having all of these people that are intelligent coming together and saying, we've got to create a new product instead of being employed by one of these mega-firms.” - Doug Stokes  


[35:50] - “I'd say the real power of our tool is the customization and the fact that you have hedge fund managers and students using the tool in different ways. So we want to offer that customization to all of our users and basically offer all that data in one place so that they can customize the workflow to what they're trying to achieve.” - Rob Koyfman


Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2350 no Keeping an Eye on the (Long-Term) Prize As the Stokes Brothers prepare for Mardi Gras in New Orleans, they reluctantly continue their ongoing conversation about the Fed and inflation. They’ll also look at rolling 30-year returns and delve into the legacy of Charlie Munger and the uneasy future of crypto. Key Takeaways [00:35] - The calm before the New Orleans Mardi Gras storm [03:16] - An update on inflation [09:06] - Shelter and the annualized rate of inflation [13:08] - The worst 30-year return over the past 100 years was a total gain of 850% [17:10] - Our thoughts on Charlie Munger [21:46] - Is the technology behind Bitcoin ripe for disaster? Quotes [06:14] - “I think what's happened is the market, on the whole, was surprised, positively, about the strength of the American consumer and the economy in spite of the fact that the Fed raised rates on the most rapid pace in history from basically nothing to where we're at right now. And the economy on the whole really hadn't slowed down.” - Greg Stokes [13:08] - “Discussion on markets is an exercise in futility and keeping people invested and towards an objective of long-term planning and discipline is really what this all this is all about.” - Doug Stokes   Links Bill McBride: Core CPI ex-Shelter Ben Carlson: Deconstructing 10, 20 & 30 Year Stock Market Returns 3,000 Hit Club from age 27 on Charlie Munger at the Daily Journal Annual Meeting Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Fri, 17 Feb 2023 21:50:00 -0000 Keeping an Eye on the (Long-Term) Prize full 1 54 Stokes Family Office As the Stokes Brothers prepare for Mardi Gras in New Orleans, they reluctantly continue their ongoing conversation about the Fed and inflation. They’ll also look at rolling 30-year returns and delve into the legacy of Charlie Munger and the uneasy future of crypto. Key Takeaways [00:35] - The calm before the New Orleans Mardi Gras storm [03:16] - An update on inflation [09:06] - Shelter and the annualized rate of inflation [13:08] - The worst 30-year return over the past 100 years was a total gain of 850% [17:10] - Our thoughts on Charlie Munger [21:46] - Is the technology behind Bitcoin ripe for disaster? Quotes [06:14] - “I think what's happened is the market, on the whole, was surprised, positively, about the strength of the American consumer and the economy in spite of the fact that the Fed raised rates on the most rapid pace in history from basically nothing to where we're at right now. And the economy on the whole really hadn't slowed down.” - Greg Stokes [13:08] - “Discussion on markets is an exercise in futility and keeping people invested and towards an objective of long-term planning and discipline is really what this all this is all about.” - Doug Stokes   Links Bill McBride: Core CPI ex-Shelter Ben Carlson: Deconstructing 10, 20 & 30 Year Stock Market Returns 3,000 Hit Club from age 27 on Charlie Munger at the Daily Journal Annual Meeting Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. As the Stokes Brothers prepare for Mardi Gras in New Orleans, they reluctantly continue their ongoing conversation about the Fed and inflation. They’ll also look at rolling 30-year returns and delve into the legacy of Charlie Munger and the uneasy future of crypto.


Key Takeaways

  • [00:35] - The calm before the New Orleans Mardi Gras storm
  • [03:16] - An update on inflation
  • [09:06] - Shelter and the annualized rate of inflation
  • [13:08] - The worst 30-year return over the past 100 years was a total gain of 850%
  • [17:10] - Our thoughts on Charlie Munger
  • [21:46] - Is the technology behind Bitcoin ripe for disaster?


Quotes

[06:14] - “I think what's happened is the market, on the whole, was surprised, positively, about the strength of the American consumer and the economy in spite of the fact that the Fed raised rates on the most rapid pace in history from basically nothing to where we're at right now. And the economy on the whole really hadn't slowed down.” - Greg Stokes

[13:08] - “Discussion on markets is an exercise in futility and keeping people invested and towards an objective of long-term planning and discipline is really what this all this is all about.” - Doug Stokes  


Links


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1474 no Enhanced Diversification is the Name of the Game The Stokes’ consistently lean toward the optimistic side of thinking, but this week, they’ll take a look at data/opinions on both sides of the coin.  The guys examine the national focus shifting away from the Fed and toward corporate profit margins, why companies becoming more efficient is a bullish sign for the economy, and how diversification is the right strategy no matter the economic outlook. Key Takeaways [00:35] - Recapping the earthquake in Turkey & Syria [05:20] - Shifting the focus from the Fed toward corporate profit margins [08:53] - Potential of a recession without a major crash in asset prices [10:18] - Number of employees needed to make $1M in revenue now vs. 1990 [14:18] - A look at the other, more pessimistic viewpoint [17:31] - The importance of diversification during economic downturns [19:04] - The decline of amateur investors and day traders [21:57] - How Chad Ochocinco saved millions buying fake jewelry and flying Spirit Quotes [09:44] - “Diversification is basically always saying that you're sorry because one part of the portfolio is not going to be working. So whether you're in stocks, bonds, real estate, cash, gold, whatever, a diversified portfolio should be set up for various outcomes with the emphasis on, we tend to lean more towards optimism than pessimism in our allocation approach.” - Doug Stokes   [18:15] - “It's always good to look at alternate viewpoints and there are a lot of smart people on all sides of the equation. Usually, the ones that try to try to scare you positively or negatively are the ones to ignore.” - Greg Stokes Links WSJ: The rising death toll from the Turkey-Syria earthquake Bloomberg: Powell says further rate hikes needed Goldman Sachs cuts the subjective probability that the US will enter a recession BoA: number of workers needed to generate $1 million in revenue. Michael Kantro: A historical look at “soft landings” WSJ: The retreat of the amateur investor Chad Ochocinco saved most of his NFL salary by flying Spirit and wearing fake jewelry. Morgan Housel: The Psychology of Money Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Wed, 08 Feb 2023 16:28:48 -0000 Enhanced Diversification is the Name of the Game full 1 53 Stokes Family Office The Stokes’ consistently lean toward the optimistic side of thinking, but this week, they’ll take a look at data/opinions on both sides of the coin.  The guys examine the national focus shifting away from the Fed and toward corporate profit margins, why companies becoming more efficient is a bullish sign for the economy, and how diversification is the right strategy no matter the economic outlook. Key Takeaways [00:35] - Recapping the earthquake in Turkey & Syria [05:20] - Shifting the focus from the Fed toward corporate profit margins [08:53] - Potential of a recession without a major crash in asset prices [10:18] - Number of employees needed to make $1M in revenue now vs. 1990 [14:18] - A look at the other, more pessimistic viewpoint [17:31] - The importance of diversification during economic downturns [19:04] - The decline of amateur investors and day traders [21:57] - How Chad Ochocinco saved millions buying fake jewelry and flying Spirit Quotes [09:44] - “Diversification is basically always saying that you're sorry because one part of the portfolio is not going to be working. So whether you're in stocks, bonds, real estate, cash, gold, whatever, a diversified portfolio should be set up for various outcomes with the emphasis on, we tend to lean more towards optimism than pessimism in our allocation approach.” - Doug Stokes   [18:15] - “It's always good to look at alternate viewpoints and there are a lot of smart people on all sides of the equation. Usually, the ones that try to try to scare you positively or negatively are the ones to ignore.” - Greg Stokes Links WSJ: The rising death toll from the Turkey-Syria earthquake Bloomberg: Powell says further rate hikes needed Goldman Sachs cuts the subjective probability that the US will enter a recession BoA: number of workers needed to generate $1 million in revenue. Michael Kantro: A historical look at “soft landings” WSJ: The retreat of the amateur investor Chad Ochocinco saved most of his NFL salary by flying Spirit and wearing fake jewelry. Morgan Housel: The Psychology of Money Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The Stokes’ consistently lean toward the optimistic side of thinking, but this week, they’ll take a look at data/opinions on both sides of the coin. 

The guys examine the national focus shifting away from the Fed and toward corporate profit margins, why companies becoming more efficient is a bullish sign for the economy, and how diversification is the right strategy no matter the economic outlook.



Key Takeaways

  • [00:35] - Recapping the earthquake in Turkey & Syria
  • [05:20] - Shifting the focus from the Fed toward corporate profit margins
  • [08:53] - Potential of a recession without a major crash in asset prices
  • [10:18] - Number of employees needed to make $1M in revenue now vs. 1990
  • [14:18] - A look at the other, more pessimistic viewpoint
  • [17:31] - The importance of diversification during economic downturns
  • [19:04] - The decline of amateur investors and day traders
  • [21:57] - How Chad Ochocinco saved millions buying fake jewelry and flying Spirit



Quotes

[09:44] - “Diversification is basically always saying that you're sorry because one part of the portfolio is not going to be working. So whether you're in stocks, bonds, real estate, cash, gold, whatever, a diversified portfolio should be set up for various outcomes with the emphasis on, we tend to lean more towards optimism than pessimism in our allocation approach.” - Doug Stokes  


[18:15] - “It's always good to look at alternate viewpoints and there are a lot of smart people on all sides of the equation. Usually, the ones that try to try to scare you positively or negatively are the ones to ignore.” - Greg Stokes



Links



Connect with our hosts



Subscribe and stay in touch



Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1653 no Investing Does Not Equal Gambling In this week’s episode, Greg and Doug Stokes focus on the long-term success of the stock market and not getting caught up in the next big thing.  They’ll also take a look at tech companies shedding excess employee luxuries, the cyclical nature of trendy investment sectors, and the dichotomy of how inflation/employment news is viewed.  Key Takeaways [01:15] - Corporations are shedding excess luxuries/amenities [03:21] - The cyclical nature of the “hot” industries [06:06] - Are AI and Machine Learning the next big investment sector? [08:29] - The Warren Buffett philosophy of buying businesses [12:43] - Investing ≠ Gambling longterm [20:31] - Inflation is coming down, China is coming back Quotes [010:44] - “It could be a cryptocurrency or a tech stock, or some software, etc. And now all of a sudden people are saying, wait, when are these businesses going to earn money? When are they going to pay dividends? As soon as that particular mindset shifts, then the Warren Buffet strategy, or others like him, starts to take hold. So we're big proponents of saying we don't know what the market's going to do over the next months or years really, but if we buy a collection of businesses that are growing their revenues and earnings and have pricing power and customers like them, then we feel pretty good about long-term prospects.” - Doug Stokes   [15:40] - “The issue with the [concept of]  investing versus gambling is that dichotomy of returns or the percentage difference in returns of periods of time. In the stock market, you have to be willing to grind through some horrible times.” - Greg Stokes Links Xbox revenue was down, but LinkedIn up 10% last quarter Celebrities frequently attend Salesforce meetings Marc Andreessen: Software is Eating the World Petroleum Engineering enrollment down at Louisiana Universities What is ChatGPT and why does it matter? Compounding Quality: Never invest in the next big thing The power of compounding: Warren Buffett's net worth at 52 & 92 Benjamin Graham: The Intelligent Investor Warren Buffet eats McDonald’s for breakfast every morning Treyton Devore: Investing vs. Gambling Jeremy Siegel, Professor of Finance at Wharton Plan Maestro: Global Billionaires & Millionaires Plan Maestro: 6-month CPI inflation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 31 Jan 2023 22:14:06 -0000 Investing Does Not Equal Gambling full 1 52 Stokes Family Office In this week’s episode, Greg and Doug Stokes focus on the long-term success of the stock market and not getting caught up in the next big thing.  They’ll also take a look at tech companies shedding excess employee luxuries, the cyclical nature of trendy investment sectors, and the dichotomy of how inflation/employment news is viewed.  Key Takeaways [01:15] - Corporations are shedding excess luxuries/amenities [03:21] - The cyclical nature of the “hot” industries [06:06] - Are AI and Machine Learning the next big investment sector? [08:29] - The Warren Buffett philosophy of buying businesses [12:43] - Investing ≠ Gambling longterm [20:31] - Inflation is coming down, China is coming back Quotes [010:44] - “It could be a cryptocurrency or a tech stock, or some software, etc. And now all of a sudden people are saying, wait, when are these businesses going to earn money? When are they going to pay dividends? As soon as that particular mindset shifts, then the Warren Buffet strategy, or others like him, starts to take hold. So we're big proponents of saying we don't know what the market's going to do over the next months or years really, but if we buy a collection of businesses that are growing their revenues and earnings and have pricing power and customers like them, then we feel pretty good about long-term prospects.” - Doug Stokes   [15:40] - “The issue with the [concept of]  investing versus gambling is that dichotomy of returns or the percentage difference in returns of periods of time. In the stock market, you have to be willing to grind through some horrible times.” - Greg Stokes Links Xbox revenue was down, but LinkedIn up 10% last quarter Celebrities frequently attend Salesforce meetings Marc Andreessen: Software is Eating the World Petroleum Engineering enrollment down at Louisiana Universities What is ChatGPT and why does it matter? Compounding Quality: Never invest in the next big thing The power of compounding: Warren Buffett's net worth at 52 & 92 Benjamin Graham: The Intelligent Investor Warren Buffet eats McDonald’s for breakfast every morning Treyton Devore: Investing vs. Gambling Jeremy Siegel, Professor of Finance at Wharton Plan Maestro: Global Billionaires & Millionaires Plan Maestro: 6-month CPI inflation Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this week’s episode, Greg and Doug Stokes focus on the long-term success of the stock market and not getting caught up in the next big thing. 

They’ll also take a look at tech companies shedding excess employee luxuries, the cyclical nature of trendy investment sectors, and the dichotomy of how inflation/employment news is viewed. 



Key Takeaways

  • [01:15] - Corporations are shedding excess luxuries/amenities
  • [03:21] - The cyclical nature of the “hot” industries
  • [06:06] - Are AI and Machine Learning the next big investment sector?
  • [08:29] - The Warren Buffett philosophy of buying businesses
  • [12:43] - Investing ≠ Gambling longterm
  • [20:31] - Inflation is coming down, China is coming back



Quotes

[010:44] - “It could be a cryptocurrency or a tech stock, or some software, etc. And now all of a sudden people are saying, wait, when are these businesses going to earn money? When are they going to pay dividends? As soon as that particular mindset shifts, then the Warren Buffet strategy, or others like him, starts to take hold. So we're big proponents of saying we don't know what the market's going to do over the next months or years really, but if we buy a collection of businesses that are growing their revenues and earnings and have pricing power and customers like them, then we feel pretty good about long-term prospects.” - Doug Stokes  


[15:40] - “The issue with the [concept of]  investing versus gambling is that dichotomy of returns or the percentage difference in returns of periods of time. In the stock market, you have to be willing to grind through some horrible times.” - Greg Stokes



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1604 no Listening to What the Market is Actually Telling Us While the negative narratives swirl, Doug and Greg Stokes look at the actual data to find encouraging signs in the markets.  The guys also examine the latest tech layoffs and what they mean for the macro economy and they question why people listen to “investor gurus" and why pessimism is seen as a sign of intelligence today.  Key Takeaways [01:15] - High-growth tech companies are very sensitive to change [03:13] - Tech layoffs vs. the macro employment data [07:37] - A day in the life of a tech company employee [11:01] - S&P 500 growth indices: tech vs. energy [12:07] - S&P 500 above the 200 day moving average [17:00] - Should we give credence to investment “gurus”? Quotes [03:55] - “Bull markets climb a wall of worry, and every negative headline can be exacerbated into something that's doomsday worthy.” - Doug Stokes   [20:46] - “Having an optimistic mindset with the understanding that things happen over time and having diversification built into the portfolio for that low probability event makes a lot more sense to me than shifting entirely to a bias or mindset for whatever reason.” - Doug Stokes Links WSJ: The changes in employee counts at high-growth tech companies St. Louis Fed - Average monthly layoffs post COVID A day in the life of a Google employee: before and after a layoff Willie del Wiche: S&P 500 - 200 day moving average Michael Burry - Big Short investor Puru Saxena Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 24 Jan 2023 23:22:21 -0000 Listening to What the Market is Actually Telling Us full 1 51 Stokes Family Office While the negative narratives swirl, Doug and Greg Stokes look at the actual data to find encouraging signs in the markets.  The guys also examine the latest tech layoffs and what they mean for the macro economy and they question why people listen to “investor gurus" and why pessimism is seen as a sign of intelligence today.  Key Takeaways [01:15] - High-growth tech companies are very sensitive to change [03:13] - Tech layoffs vs. the macro employment data [07:37] - A day in the life of a tech company employee [11:01] - S&P 500 growth indices: tech vs. energy [12:07] - S&P 500 above the 200 day moving average [17:00] - Should we give credence to investment “gurus”? Quotes [03:55] - “Bull markets climb a wall of worry, and every negative headline can be exacerbated into something that's doomsday worthy.” - Doug Stokes   [20:46] - “Having an optimistic mindset with the understanding that things happen over time and having diversification built into the portfolio for that low probability event makes a lot more sense to me than shifting entirely to a bias or mindset for whatever reason.” - Doug Stokes Links WSJ: The changes in employee counts at high-growth tech companies St. Louis Fed - Average monthly layoffs post COVID A day in the life of a Google employee: before and after a layoff Willie del Wiche: S&P 500 - 200 day moving average Michael Burry - Big Short investor Puru Saxena Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. While the negative narratives swirl, Doug and Greg Stokes look at the actual data to find encouraging signs in the markets. 

The guys also examine the latest tech layoffs and what they mean for the macro economy and they question why people listen to “investor gurus" and why pessimism is seen as a sign of intelligence today. 



Key Takeaways

  • [01:15] - High-growth tech companies are very sensitive to change
  • [03:13] - Tech layoffs vs. the macro employment data
  • [07:37] - A day in the life of a tech company employee
  • [11:01] - S&P 500 growth indices: tech vs. energy
  • [12:07] - S&P 500 above the 200 day moving average
  • [17:00] - Should we give credence to investment “gurus”?



Quotes


[03:55] - “Bull markets climb a wall of worry, and every negative headline can be exacerbated into something that's doomsday worthy.” - Doug Stokes  


[20:46] - “Having an optimistic mindset with the understanding that things happen over time and having diversification built into the portfolio for that low probability event makes a lot more sense to me than shifting entirely to a bias or mindset for whatever reason.” - Doug Stokes



Links



Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1443 no Preparing for a Soft Landing Could we be looking at a year with a soft landing where inflation comes down without major economic pain? Greg and Doug dive into the potential of that outcome and the Fed’s role in it. They also look back on the EU energy crisis and its fear-based narratives and discuss how emotions/human nature affect the cycles of investment.  Key Takeaways [01:30] - The potential for a soft landing  [02:50] - Rent as a portion of CPI [05:08] - What to expect from the Fed’s rate hiking cycle [08:32] - Looking back on the fear-based narratives surrounding the EU energy crisis [11:36] - European vs U.S. Investments over the past 15 years & since the Ukraine invasion [14:04] - How emotions, sentiments, and narratives affect investment cycles Quotes [15:41] - “In bull markets, everyone wants to own what's working. And in bear markets, nobody wants to own what's not working. That mindset just shifts. It's the greed component. And that mindset shift from greed to fear is pretty amazing to see in such a short timeframe.” - Doug Stokes   [16:46] - “When you have your human nature starting to talk to you like, I don't want to own this, I'm fearful of this, or I have greed because my neighbor's making money. Usually, when those sentiments start to play in, you're better off doing the exact opposite.” - Greg Stokes Links Ian Shepherdson - “Big rent increases won’t last” Joseph Politano - "How Europe is Decoupling From Russian Energy” S&P 500 Forward Total Returns Following CNBC’s “Markets in Turmoil” specials Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 17 Jan 2023 09:00:00 -0000 Preparing for a Soft Landing full 1 50 Stokes Family Office Could we be looking at a year with a soft landing where inflation comes down without major economic pain? Greg and Doug dive into the potential of that outcome and the Fed’s role in it. They also look back on the EU energy crisis and its fear-based narratives and discuss how emotions/human nature affect the cycles of investment.  Key Takeaways [01:30] - The potential for a soft landing  [02:50] - Rent as a portion of CPI [05:08] - What to expect from the Fed’s rate hiking cycle [08:32] - Looking back on the fear-based narratives surrounding the EU energy crisis [11:36] - European vs U.S. Investments over the past 15 years & since the Ukraine invasion [14:04] - How emotions, sentiments, and narratives affect investment cycles Quotes [15:41] - “In bull markets, everyone wants to own what's working. And in bear markets, nobody wants to own what's not working. That mindset just shifts. It's the greed component. And that mindset shift from greed to fear is pretty amazing to see in such a short timeframe.” - Doug Stokes   [16:46] - “When you have your human nature starting to talk to you like, I don't want to own this, I'm fearful of this, or I have greed because my neighbor's making money. Usually, when those sentiments start to play in, you're better off doing the exact opposite.” - Greg Stokes Links Ian Shepherdson - “Big rent increases won’t last” Joseph Politano - "How Europe is Decoupling From Russian Energy” S&P 500 Forward Total Returns Following CNBC’s “Markets in Turmoil” specials Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Could we be looking at a year with a soft landing where inflation comes down without major economic pain? Greg and Doug dive into the potential of that outcome and the Fed’s role in it. They also look back on the EU energy crisis and its fear-based narratives and discuss how emotions/human nature affect the cycles of investment. 


Key Takeaways

  • [01:30] - The potential for a soft landing 
  • [02:50] - Rent as a portion of CPI
  • [05:08] - What to expect from the Fed’s rate hiking cycle
  • [08:32] - Looking back on the fear-based narratives surrounding the EU energy crisis
  • [11:36] - European vs U.S. Investments over the past 15 years & since the Ukraine invasion
  • [14:04] - How emotions, sentiments, and narratives affect investment cycles


Quotes

[15:41] - “In bull markets, everyone wants to own what's working. And in bear markets, nobody wants to own what's not working. That mindset just shifts. It's the greed component. And that mindset shift from greed to fear is pretty amazing to see in such a short timeframe.” - Doug Stokes  


[16:46] - “When you have your human nature starting to talk to you like, I don't want to own this, I'm fearful of this, or I have greed because my neighbor's making money. Usually, when those sentiments start to play in, you're better off doing the exact opposite.” - Greg Stokes


Links



Connect with our hosts

 

Subscribe and stay in touch

 

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1503 no Looking Past the Narrative in 2023 Happy New Year from Stokes Family Office. In this 1-year anniversary episode, Greg and Doug recap 2022 and look forward to 2023. They dig deeper past the forecasts and narratives to find factual reasons to be optimistic. The guys also discuss the importance of diversification across sectors and why pre-election years are historically bullish.  Key Takeaways [01:10] - A recap of 2022 [05:19] - A historical look at the S&P500 during pre-election years [08:26] - Reasons to be optimistic in 2023 [13:35] - The wide range of potential financial outcomes this year  [14:47] - Diversification - ranking returns by sector [20:00] - Venture capital fundraising [23:33] - Predictions on the Federal Reserve’s role in 2023 Quotes [04:17] - “The sentiment is bearish…that we're entering an imminent recession. The Fed is trying to introduce higher unemployment and trying to bring the economy down in order to temper inflation. That is the narrative at this point in time, and I'm sure that's going to change in the next couple of months, but just be reminded that sentiment does not always dictate reality.” - Doug Stokes   [07:57] - “If you ignore the fundamentals, ignore the narrative, and just follow what actions are occurring in markets and look at history, then there's some positivity going along with that.” - Doug Stokes Links Cullen Roche Morgan Housel: How Bad Are Wall Street Forecasts? JC Parets: Pre-Election Years are Bullish Sam Rho: 9 Reasons to be Optimistic All Star Charts Returns by Sector Rankings - All Star Charts Santiago Solanet - Venture capital targets vs. funds raised Andreessen Horowitz % of car buyers committed $1000+ monthly payment Tik Tok Investors Dave Portnoy’s Trading Journey Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 10 Jan 2023 09:00:00 -0000 Looking Past the Narrative in 2023 full 1 49 Stokes Family Office Happy New Year from Stokes Family Office. In this 1-year anniversary episode, Greg and Doug recap 2022 and look forward to 2023. They dig deeper past the forecasts and narratives to find factual reasons to be optimistic. The guys also discuss the importance of diversification across sectors and why pre-election years are historically bullish.  Key Takeaways [01:10] - A recap of 2022 [05:19] - A historical look at the S&P500 during pre-election years [08:26] - Reasons to be optimistic in 2023 [13:35] - The wide range of potential financial outcomes this year  [14:47] - Diversification - ranking returns by sector [20:00] - Venture capital fundraising [23:33] - Predictions on the Federal Reserve’s role in 2023 Quotes [04:17] - “The sentiment is bearish…that we're entering an imminent recession. The Fed is trying to introduce higher unemployment and trying to bring the economy down in order to temper inflation. That is the narrative at this point in time, and I'm sure that's going to change in the next couple of months, but just be reminded that sentiment does not always dictate reality.” - Doug Stokes   [07:57] - “If you ignore the fundamentals, ignore the narrative, and just follow what actions are occurring in markets and look at history, then there's some positivity going along with that.” - Doug Stokes Links Cullen Roche Morgan Housel: How Bad Are Wall Street Forecasts? JC Parets: Pre-Election Years are Bullish Sam Rho: 9 Reasons to be Optimistic All Star Charts Returns by Sector Rankings - All Star Charts Santiago Solanet - Venture capital targets vs. funds raised Andreessen Horowitz % of car buyers committed $1000+ monthly payment Tik Tok Investors Dave Portnoy’s Trading Journey Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Happy New Year from Stokes Family Office. In this 1-year anniversary episode, Greg and Doug recap 2022 and look forward to 2023. They dig deeper past the forecasts and narratives to find factual reasons to be optimistic. The guys also discuss the importance of diversification across sectors and why pre-election years are historically bullish. 


Key Takeaways

  • [01:10] - A recap of 2022
  • [05:19] - A historical look at the S&P500 during pre-election years
  • [08:26] - Reasons to be optimistic in 2023
  • [13:35] - The wide range of potential financial outcomes this year 
  • [14:47] - Diversification - ranking returns by sector
  • [20:00] - Venture capital fundraising
  • [23:33] - Predictions on the Federal Reserve’s role in 2023


Quotes

[04:17] - “The sentiment is bearish…that we're entering an imminent recession. The Fed is trying to introduce higher unemployment and trying to bring the economy down in order to temper inflation. That is the narrative at this point in time, and I'm sure that's going to change in the next couple of months, but just be reminded that sentiment does not always dictate reality.” - Doug Stokes  


[07:57] - “If you ignore the fundamentals, ignore the narrative, and just follow what actions are occurring in markets and look at history, then there's some positivity going along with that.” - Doug Stokes


Links



Connect with our hosts

 

Subscribe and stay in touch

 

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1753 no Exploring the Relationship Between Freedom and Markets with Perth Tolle This week’s guest is Perth Tolle, the founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index (FRDM index). This freedom-weighted equity strategy is the first of its kind and uses personal and economic freedom metrics as primary factors in its investment process. Doug and Greg chat with Perth about how/why she came up with the ETF, how the strategy performs vs. the market cap-weighted benchmarks, the risks of autocracies, China’s role/exposure, ESG, and more. Key Takeaways [00:23] - About Perth Tolle [01:02] - The Freedom 100 Emerging Markets ETF (FRDM) [05:34] - Perth’s experience in China shaping her ideals [06:16] - Autocracy risks for emerging market investors [10:38] - The investment idea behind emerging markets [12:21] - What is freedom weighting? [12:56] - Human Freedoms Index: Civil, Political, Economical [14:00] - Composite Country Scores [14:47] - Taiwan is the #1 freest merging market [15:29] - Direct vs. indirect allocation/exposure to China [19:39] - Freedom metrics performance in non-COVID environments [21:12] - Why Perth launched the ETF [24:51] - Perth’s partnership with Wes Gray & Alpha Architect [28:35] - Excluding China from an emerging markets cap-weighted index [30:01] - What’s next for Life + Liberty Indexes? [31:50] - The politicization of ESG  Quotes [12:06] - “We believe that the freer markets will experience more sustainable growth, they'll recover faster from drawdowns, and they'll use their capital labor more efficiently. So not only do we want to exclude the autocracies and stay away from that autocracy risk, but we want to give a higher weight to freer markets, which we think are launch paths for the growth stories of the next decade.” - Perth Tolle   [17:28] - “If you're looking at these index providers putting between 20 and 40% of an allocation to a single country that's ranking near the bottom from a freedom perspective…that seems like a pretty high risk to me.” - Doug Stokes Links Perth Tolle Life + Liberty Indexes The Freedom 100 Emerging Markets ETF (FRDM) China’s 1 Child Policy Cato Institute Fraser Institute Human Freedom Index & Data Set Alpha Architect Dr. Wes Gray Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 27 Dec 2022 09:00:00 -0000 Exploring the Relationship Between Freedom and Markets with Perth Tolle full 1 48 Stokes Family Office This week’s guest is Perth Tolle, the founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index (FRDM index). This freedom-weighted equity strategy is the first of its kind and uses personal and economic freedom metrics as primary factors in its investment process. Doug and Greg chat with Perth about how/why she came up with the ETF, how the strategy performs vs. the market cap-weighted benchmarks, the risks of autocracies, China’s role/exposure, ESG, and more. Key Takeaways [00:23] - About Perth Tolle [01:02] - The Freedom 100 Emerging Markets ETF (FRDM) [05:34] - Perth’s experience in China shaping her ideals [06:16] - Autocracy risks for emerging market investors [10:38] - The investment idea behind emerging markets [12:21] - What is freedom weighting? [12:56] - Human Freedoms Index: Civil, Political, Economical [14:00] - Composite Country Scores [14:47] - Taiwan is the #1 freest merging market [15:29] - Direct vs. indirect allocation/exposure to China [19:39] - Freedom metrics performance in non-COVID environments [21:12] - Why Perth launched the ETF [24:51] - Perth’s partnership with Wes Gray & Alpha Architect [28:35] - Excluding China from an emerging markets cap-weighted index [30:01] - What’s next for Life + Liberty Indexes? [31:50] - The politicization of ESG  Quotes [12:06] - “We believe that the freer markets will experience more sustainable growth, they'll recover faster from drawdowns, and they'll use their capital labor more efficiently. So not only do we want to exclude the autocracies and stay away from that autocracy risk, but we want to give a higher weight to freer markets, which we think are launch paths for the growth stories of the next decade.” - Perth Tolle   [17:28] - “If you're looking at these index providers putting between 20 and 40% of an allocation to a single country that's ranking near the bottom from a freedom perspective…that seems like a pretty high risk to me.” - Doug Stokes Links Perth Tolle Life + Liberty Indexes The Freedom 100 Emerging Markets ETF (FRDM) China’s 1 Child Policy Cato Institute Fraser Institute Human Freedom Index & Data Set Alpha Architect Dr. Wes Gray Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week’s guest is Perth Tolle, the founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index (FRDM index). This freedom-weighted equity strategy is the first of its kind and uses personal and economic freedom metrics as primary factors in its investment process.

Doug and Greg chat with Perth about how/why she came up with the ETF, how the strategy performs vs. the market cap-weighted benchmarks, the risks of autocracies, China’s role/exposure, ESG, and more.


Key Takeaways

  • [00:23] - About Perth Tolle
  • [01:02] - The Freedom 100 Emerging Markets ETF (FRDM)
  • [05:34] - Perth’s experience in China shaping her ideals
  • [06:16] - Autocracy risks for emerging market investors
  • [10:38] - The investment idea behind emerging markets
  • [12:21] - What is freedom weighting?
  • [12:56] - Human Freedoms Index: Civil, Political, Economical
  • [14:00] - Composite Country Scores
  • [14:47] - Taiwan is the #1 freest merging market
  • [15:29] - Direct vs. indirect allocation/exposure to China
  • [19:39] - Freedom metrics performance in non-COVID environments
  • [21:12] - Why Perth launched the ETF
  • [24:51] - Perth’s partnership with Wes Gray & Alpha Architect
  • [28:35] - Excluding China from an emerging markets cap-weighted index
  • [30:01] - What’s next for Life + Liberty Indexes?
  • [31:50] - The politicization of ESG 



Quotes

[12:06] - “We believe that the freer markets will experience more sustainable growth, they'll recover faster from drawdowns, and they'll use their capital labor more efficiently. So not only do we want to exclude the autocracies and stay away from that autocracy risk, but we want to give a higher weight to freer markets, which we think are launch paths for the growth stories of the next decade.” - Perth Tolle  

[17:28] - “If you're looking at these index providers putting between 20 and 40% of an allocation to a single country that's ranking near the bottom from a freedom perspective…that seems like a pretty high risk to me.” - Doug Stokes



Links



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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2213 no Recapping a Wild 2022 & Looking Ahead to 2023 The Holidays bring lots of gifts, and one that we look forward to each year in the financial world is the upcoming year’s forecasts. On this week’s episode, Greg and Doug examine and discuss 2023 outlooks from several of the world’s largest asset managers. The guys take stock of a wild 2022, give their own predictions for next year, and debate how recency bias annually plays into these prognostications. Key Takeaways [01:33] - BlackRock’s 2023 Global Outlook [04:30] - Historical rebounds after market declines [05:34] - 10-Year Bonds vs. CDs [08:00] - Vanguard 2023 bond market outlook [10:35] - International markets and the Euro vs. the Dollar [13:34] - JP Morgan 2023 outlook [17:28] - Today’s price of oil [18:00] - Our takeaways from these 2023 predictions [20:00] - Bonds from the long-term planning perspective [21:22] - 2023 market predictions [24:17] - Next year’s housing market [26:39] - How recency bias affects forecasts Quotes [04:21] - “After you've had these sorts of declines, typically the markets are positive when you look at one year, three years, five years, 10 years. So,  if you're thinking about it just from a historical standpoint, you would want to be risk-on, and that means getting short-term on the bond side of the equation to the extent that you have fixed income exposure. And then you would want to have a higher allocation towards equities, because presumably if history is any guide, equities would outperform after these sorts of periods.” - Greg Stokes   [25:40] - “It seems like every year there's a certain level of uncertainty that exists that has never existed before. It's that recency bias that makes you fearful of taking any action from an investment perspective because so many things could go wrong. It happens every single year. That's why you have to have a long-term game plan investment-wise to take your risks with money that you can afford to lose and develop an investment strategy over a period of time longer than 2023.” - Doug Stokes Links BlackRock 2023 Global Outlook Ben Carlson - Getting Long-Term Bullish Vanguard Bond Market Outlook JP Morgan 2023 Outlook Marko Kolanovic Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 20 Dec 2022 09:00:00 -0000 Recapping a Wild 2022 & Looking Ahead to 2023 full 1 47 Stokes Family Office The Holidays bring lots of gifts, and one that we look forward to each year in the financial world is the upcoming year’s forecasts. On this week’s episode, Greg and Doug examine and discuss 2023 outlooks from several of the world’s largest asset managers. The guys take stock of a wild 2022, give their own predictions for next year, and debate how recency bias annually plays into these prognostications. Key Takeaways [01:33] - BlackRock’s 2023 Global Outlook [04:30] - Historical rebounds after market declines [05:34] - 10-Year Bonds vs. CDs [08:00] - Vanguard 2023 bond market outlook [10:35] - International markets and the Euro vs. the Dollar [13:34] - JP Morgan 2023 outlook [17:28] - Today’s price of oil [18:00] - Our takeaways from these 2023 predictions [20:00] - Bonds from the long-term planning perspective [21:22] - 2023 market predictions [24:17] - Next year’s housing market [26:39] - How recency bias affects forecasts Quotes [04:21] - “After you've had these sorts of declines, typically the markets are positive when you look at one year, three years, five years, 10 years. So,  if you're thinking about it just from a historical standpoint, you would want to be risk-on, and that means getting short-term on the bond side of the equation to the extent that you have fixed income exposure. And then you would want to have a higher allocation towards equities, because presumably if history is any guide, equities would outperform after these sorts of periods.” - Greg Stokes   [25:40] - “It seems like every year there's a certain level of uncertainty that exists that has never existed before. It's that recency bias that makes you fearful of taking any action from an investment perspective because so many things could go wrong. It happens every single year. That's why you have to have a long-term game plan investment-wise to take your risks with money that you can afford to lose and develop an investment strategy over a period of time longer than 2023.” - Doug Stokes Links BlackRock 2023 Global Outlook Ben Carlson - Getting Long-Term Bullish Vanguard Bond Market Outlook JP Morgan 2023 Outlook Marko Kolanovic Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The Holidays bring lots of gifts, and one that we look forward to each year in the financial world is the upcoming year’s forecasts. On this week’s episode, Greg and Doug examine and discuss 2023 outlooks from several of the world’s largest asset managers. The guys take stock of a wild 2022, give their own predictions for next year, and debate how recency bias annually plays into these prognostications.


Key Takeaways

  • [01:33] - BlackRock’s 2023 Global Outlook
  • [04:30] - Historical rebounds after market declines
  • [05:34] - 10-Year Bonds vs. CDs
  • [08:00] - Vanguard 2023 bond market outlook
  • [10:35] - International markets and the Euro vs. the Dollar
  • [13:34] - JP Morgan 2023 outlook
  • [17:28] - Today’s price of oil
  • [18:00] - Our takeaways from these 2023 predictions
  • [20:00] - Bonds from the long-term planning perspective
  • [21:22] - 2023 market predictions
  • [24:17] - Next year’s housing market
  • [26:39] - How recency bias affects forecasts



Quotes

[04:21] - “After you've had these sorts of declines, typically the markets are positive when you look at one year, three years, five years, 10 years. So,  if you're thinking about it just from a historical standpoint, you would want to be risk-on, and that means getting short-term on the bond side of the equation to the extent that you have fixed income exposure. And then you would want to have a higher allocation towards equities, because presumably if history is any guide, equities would outperform after these sorts of periods.” - Greg Stokes  

[25:40] - “It seems like every year there's a certain level of uncertainty that exists that has never existed before. It's that recency bias that makes you fearful of taking any action from an investment perspective because so many things could go wrong. It happens every single year. That's why you have to have a long-term game plan investment-wise to take your risks with money that you can afford to lose and develop an investment strategy over a period of time longer than 2023.” - Doug Stokes



Links



Connect with our hosts



Subscribe and stay in touch

 


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1896 no Che! Tales from Argentina and Tips on Year-End Tax Planning In this week’s episode, Greg recounts his recent trip to Buenos Aires, from the food, geography, and people to their current financial situation. He speaks on the local impact of their economic struggles as well as investment opportunities and their incredible opportunity to make changes. The guys also delve into year-end tax planning which is especially important this year due to the performance of mutual funds. They give tips on looking at your fund families' capital gains distributions and whether you should do some tax-loss harvesting before now and the end of the year. Key Takeaways [04:25] - Can you eat steak for each meal, every day? [05:18] - The conversion of Argentina into a nationalist/socialist country [06:47] - How 100% annual inflation affects the local people [7:44] - The current state of the Argentinian economy [13:09] - Investment opportunities in Argentina [15:36] - The inefficiency of actively-managed mutual funds [16:32] - Taxable capital gains [17:23] - Performance of 2022 Mutual Funds [17:44] - Morningstar’s list of fund families’ distribution estimates [18:42] - How to avoid capital gains tax [20:24] - An example of taxes on a fund that’s down this year [21:29] - Direct Indexing [21:47] - Tax loss harvesting Quotes [13:57] - “The food in Argentina was so good. The drinks were great, the ambiance was great. But the governmental policies have really taken the country in a really bad direction. If things improve, then they really have everything they need from a pure natural resource standpoint to become a, you know, a very wealthy country like, like they once were.” - Greg Stokes [18:13] - “It's just insane how some of these funds, even though they're flat or down or down big this year, are gonna have a negative tax impact to the client of, or the shareholder of that fund, even if that shareholder remains an investor. So the way that you get around this is by selling the fund before the capital gain is distributed, assuming that you don't have a gain in the fund itself.” - Doug Stokes [21:09] - “If you can do tax loss harvesting to mitigate the capital gain impact from the rest of the portfolio, or if you're selling a business that's gonna have a capital gain and you could do tax loss harvesting to mitigate that impact from a capital gain perspective, that's a fantastic way to manage a portfolio for after-tax returns. Another fantastic way to do it is to not hold these funds that are gonna distribute capital gains at the end of the year, even though you might be down in the position. It just doesn’t make any sense.” - Doug Stokes Links Santiago Solanet Juan Perón Inflation in Argentina Argentine VP Cristina Fernández convicted, sentenced in $1B fraud case Morning Star: Family Fund capital gains list Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 13 Dec 2022 09:00:00 -0000 Che! Tales from Argentina and Tips on Year-End Tax Planning full 1 46 Stokes Family Office In this week’s episode, Greg recounts his recent trip to Buenos Aires, from the food, geography, and people to their current financial situation. He speaks on the local impact of their economic struggles as well as investment opportunities and their incredible opportunity to make changes. The guys also delve into year-end tax planning which is especially important this year due to the performance of mutual funds. They give tips on looking at your fund families' capital gains distributions and whether you should do some tax-loss harvesting before now and the end of the year. Key Takeaways [04:25] - Can you eat steak for each meal, every day? [05:18] - The conversion of Argentina into a nationalist/socialist country [06:47] - How 100% annual inflation affects the local people [7:44] - The current state of the Argentinian economy [13:09] - Investment opportunities in Argentina [15:36] - The inefficiency of actively-managed mutual funds [16:32] - Taxable capital gains [17:23] - Performance of 2022 Mutual Funds [17:44] - Morningstar’s list of fund families’ distribution estimates [18:42] - How to avoid capital gains tax [20:24] - An example of taxes on a fund that’s down this year [21:29] - Direct Indexing [21:47] - Tax loss harvesting Quotes [13:57] - “The food in Argentina was so good. The drinks were great, the ambiance was great. But the governmental policies have really taken the country in a really bad direction. If things improve, then they really have everything they need from a pure natural resource standpoint to become a, you know, a very wealthy country like, like they once were.” - Greg Stokes [18:13] - “It's just insane how some of these funds, even though they're flat or down or down big this year, are gonna have a negative tax impact to the client of, or the shareholder of that fund, even if that shareholder remains an investor. So the way that you get around this is by selling the fund before the capital gain is distributed, assuming that you don't have a gain in the fund itself.” - Doug Stokes [21:09] - “If you can do tax loss harvesting to mitigate the capital gain impact from the rest of the portfolio, or if you're selling a business that's gonna have a capital gain and you could do tax loss harvesting to mitigate that impact from a capital gain perspective, that's a fantastic way to manage a portfolio for after-tax returns. Another fantastic way to do it is to not hold these funds that are gonna distribute capital gains at the end of the year, even though you might be down in the position. It just doesn’t make any sense.” - Doug Stokes Links Santiago Solanet Juan Perón Inflation in Argentina Argentine VP Cristina Fernández convicted, sentenced in $1B fraud case Morning Star: Family Fund capital gains list Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com   Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this week’s episode, Greg recounts his recent trip to Buenos Aires, from the food, geography, and people to their current financial situation. He speaks on the local impact of their economic struggles as well as investment opportunities and their incredible opportunity to make changes.

The guys also delve into year-end tax planning which is especially important this year due to the performance of mutual funds. They give tips on looking at your fund families' capital gains distributions and whether you should do some tax-loss harvesting before now and the end of the year.


Key Takeaways

  • [04:25] - Can you eat steak for each meal, every day?
  • [05:18] - The conversion of Argentina into a nationalist/socialist country
  • [06:47] - How 100% annual inflation affects the local people
  • [7:44] - The current state of the Argentinian economy
  • [13:09] - Investment opportunities in Argentina
  • [15:36] - The inefficiency of actively-managed mutual funds
  • [16:32] - Taxable capital gains
  • [17:23] - Performance of 2022 Mutual Funds
  • [17:44] - Morningstar’s list of fund families’ distribution estimates
  • [18:42] - How to avoid capital gains tax
  • [20:24] - An example of taxes on a fund that’s down this year
  • [21:29] - Direct Indexing
  • [21:47] - Tax loss harvesting


Quotes

[13:57] - “The food in Argentina was so good. The drinks were great, the ambiance was great. But the governmental policies have really taken the country in a really bad direction. If things improve, then they really have everything they need from a pure natural resource standpoint to become a, you know, a very wealthy country like, like they once were.” - Greg Stokes

[18:13] - “It's just insane how some of these funds, even though they're flat or down or down big this year, are gonna have a negative tax impact to the client of, or the shareholder of that fund, even if that shareholder remains an investor. So the way that you get around this is by selling the fund before the capital gain is distributed, assuming that you don't have a gain in the fund itself.” - Doug Stokes

[21:09] - “If you can do tax loss harvesting to mitigate the capital gain impact from the rest of the portfolio, or if you're selling a business that's gonna have a capital gain and you could do tax loss harvesting to mitigate that impact from a capital gain perspective, that's a fantastic way to manage a portfolio for after-tax returns. Another fantastic way to do it is to not hold these funds that are gonna distribute capital gains at the end of the year, even though you might be down in the position. It just doesn’t make any sense.” - Doug Stokes


Links


Connect with our hosts

 

Subscribe and stay in touch

 

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1518 no Return on Character With Dan Cooper What effect does the character of a CEO have on a company’s performance?  In this episode, Doug and Greg talk to Dan Cooper, Founder & CEO of ROC Investments. After working with Presidents, CEOs of large public companies, philanthropists, and extraordinary leaders from around the world, Cooper founded his firm with a character-based investment strategy, creating a model to quantify the character and integrity of public company CEOs. Focusing on the four pillars of character (integrity, responsibility, forgiveness, and compassion), the model is based on a Fred Kiel/Harvard Business Review Study that proved that high-character CEOs outperform low-character CEOs by 5x as return on assets. The guys discuss Dan’s incredible story, from his work in returning Afghanistan to its people to his attempt to build the first standard gauge railway for the Tanzanian Central Corridor. They also dive into how his character-based model performs and his thoughts on taking a quantitative versus qualitative view of investments. Key Takeaways [00:37] - Dan Cooper bio [07:24] - Mentorship of Joe Ritchie [11:32] - Development of the character-based strategy [15:22] - Performance results of the Return on Character study [18:18] - Percentage of companies who qualify as satisfactory [21:08] - Cooper’s thoughts on traditional ESG scores [22:00] - How failings of companies like FTX factor into the strategy  [26:04] - Comparisons to the Jim Collins Framework [27:43] - How the ROC portfolio is reviewed and measured [29:02] - Historical examples of high-character CEOs Quotes [11:32] - “I developed the first character-based strategy in the early 2000s, and it was out of a conversation with Joe [Ritchie]. He said to me, man, I just wish I knew who the good ones were in the market…I mean the people with character because I think that has a huge impact on the long-term performance of the company.” - Dan Cooper [15:22 ] - “I actually ended up hiring the firm that developed and did all the research for the book Return on Character, KOW International, which is an extraordinary company. We went out and tried to identify leaders today using some new and really exciting ways of doing it. First of all, they define character in a really wonderful way….the four pillars of character: integrity, responsibility, forgiveness, and compassion, and they prove that when CEOs behave with those four characteristics at a highly consistent level, performance is correlated.” - Dan Cooper [19:30] - “What ROC Investments represents is kind of a new orientation for consideration, if you will, and how you spend and invest your money to get returns. And we think that not only do we hopefully outperform and do better than the market over time, but we also think if Wall Street wakes up and starts to see that there are a lot of people that care about this, it could have a positive effect. And maybe boards of directors start asking, why isn't my CEO on the list?” - Dan Cooper Links Dan Cooper ROC Investments Joe Ritchie Tom Campbell Bud McFarlane Fred Kiel  Return on Character (Book) Return on Character (Study) Sam Bankman-Fried Jim Collins Framework The Outsiders by Willam Thorndike Herb Kelleher Jim Sinegal Timothy Boyle Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 06 Dec 2022 09:00:00 -0000 Return on Character With Dan Cooper full 1 45 Stokes Family Office What effect does the character of a CEO have on a company’s performance?  In this episode, Doug and Greg talk to Dan Cooper, Founder & CEO of ROC Investments. After working with Presidents, CEOs of large public companies, philanthropists, and extraordinary leaders from around the world, Cooper founded his firm with a character-based investment strategy, creating a model to quantify the character and integrity of public company CEOs. Focusing on the four pillars of character (integrity, responsibility, forgiveness, and compassion), the model is based on a Fred Kiel/Harvard Business Review Study that proved that high-character CEOs outperform low-character CEOs by 5x as return on assets. The guys discuss Dan’s incredible story, from his work in returning Afghanistan to its people to his attempt to build the first standard gauge railway for the Tanzanian Central Corridor. They also dive into how his character-based model performs and his thoughts on taking a quantitative versus qualitative view of investments. Key Takeaways [00:37] - Dan Cooper bio [07:24] - Mentorship of Joe Ritchie [11:32] - Development of the character-based strategy [15:22] - Performance results of the Return on Character study [18:18] - Percentage of companies who qualify as satisfactory [21:08] - Cooper’s thoughts on traditional ESG scores [22:00] - How failings of companies like FTX factor into the strategy  [26:04] - Comparisons to the Jim Collins Framework [27:43] - How the ROC portfolio is reviewed and measured [29:02] - Historical examples of high-character CEOs Quotes [11:32] - “I developed the first character-based strategy in the early 2000s, and it was out of a conversation with Joe [Ritchie]. He said to me, man, I just wish I knew who the good ones were in the market…I mean the people with character because I think that has a huge impact on the long-term performance of the company.” - Dan Cooper [15:22 ] - “I actually ended up hiring the firm that developed and did all the research for the book Return on Character, KOW International, which is an extraordinary company. We went out and tried to identify leaders today using some new and really exciting ways of doing it. First of all, they define character in a really wonderful way….the four pillars of character: integrity, responsibility, forgiveness, and compassion, and they prove that when CEOs behave with those four characteristics at a highly consistent level, performance is correlated.” - Dan Cooper [19:30] - “What ROC Investments represents is kind of a new orientation for consideration, if you will, and how you spend and invest your money to get returns. And we think that not only do we hopefully outperform and do better than the market over time, but we also think if Wall Street wakes up and starts to see that there are a lot of people that care about this, it could have a positive effect. And maybe boards of directors start asking, why isn't my CEO on the list?” - Dan Cooper Links Dan Cooper ROC Investments Joe Ritchie Tom Campbell Bud McFarlane Fred Kiel  Return on Character (Book) Return on Character (Study) Sam Bankman-Fried Jim Collins Framework The Outsiders by Willam Thorndike Herb Kelleher Jim Sinegal Timothy Boyle Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office   Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. What effect does the character of a CEO have on a company’s performance? 

In this episode, Doug and Greg talk to Dan Cooper, Founder & CEO of ROC Investments. After working with Presidents, CEOs of large public companies, philanthropists, and extraordinary leaders from around the world, Cooper founded his firm with a character-based investment strategy, creating a model to quantify the character and integrity of public company CEOs. Focusing on the four pillars of character (integrity, responsibility, forgiveness, and compassion), the model is based on a Fred Kiel/Harvard Business Review Study that proved that high-character CEOs outperform low-character CEOs by 5x as return on assets.

The guys discuss Dan’s incredible story, from his work in returning Afghanistan to its people to his attempt to build the first standard gauge railway for the Tanzanian Central Corridor. They also dive into how his character-based model performs and his thoughts on taking a quantitative versus qualitative view of investments.


Key Takeaways

  • [00:37] - Dan Cooper bio
  • [07:24] - Mentorship of Joe Ritchie
  • [11:32] - Development of the character-based strategy
  • [15:22] - Performance results of the Return on Character study
  • [18:18] - Percentage of companies who qualify as satisfactory
  • [21:08] - Cooper’s thoughts on traditional ESG scores
  • [22:00] - How failings of companies like FTX factor into the strategy 
  • [26:04] - Comparisons to the Jim Collins Framework
  • [27:43] - How the ROC portfolio is reviewed and measured
  • [29:02] - Historical examples of high-character CEOs


Quotes

[11:32] - “I developed the first character-based strategy in the early 2000s, and it was out of a conversation with Joe [Ritchie]. He said to me, man, I just wish I knew who the good ones were in the market…I mean the people with character because I think that has a huge impact on the long-term performance of the company.” - Dan Cooper


[15:22 ] - “I actually ended up hiring the firm that developed and did all the research for the book Return on Character, KOW International, which is an extraordinary company. We went out and tried to identify leaders today using some new and really exciting ways of doing it. First of all, they define character in a really wonderful way….the four pillars of character: integrity, responsibility, forgiveness, and compassion, and they prove that when CEOs behave with those four characteristics at a highly consistent level, performance is correlated.” - Dan Cooper


[19:30] - “What ROC Investments represents is kind of a new orientation for consideration, if you will, and how you spend and invest your money to get returns. And we think that not only do we hopefully outperform and do better than the market over time, but we also think if Wall Street wakes up and starts to see that there are a lot of people that care about this, it could have a positive effect. And maybe boards of directors start asking, why isn't my CEO on the list?” - Dan Cooper


Links


Connect with our hosts

 

Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2151 no Getting Caught Up in the Cryptocurrency Hype The cryptocurrency industry is one of the most volatile and unpredictable industries in the world. In just a few short years, the industry has gone from being relatively unknown to being worth billions of dollars.  The recent drama surrounding the FTX cryptocurrency exchange is a cautionary tale for the industry. It is a reminder of how quickly things can go wrong in the Wild West world of crypto and how easy it is for investors to get caught up in the hype. In this episode, Doug and Greg talk about one of the latest and biggest market events, the fallout of cryptocurrency. As a part of the weekly news digest, the two also speak about inflation and how the FTX's fallout repeats history. Key Takeaways [00:53] - Two potential outcomes in today's economic climate. [02:06] - Greg's take on a good inflation print. [04:41] - The FTX fallout. [08:32] - What the new CEO of FTX has to say about FTX's bankruptcy. [10:30] - The experts' take on what's holding up inflation at this point. [12:15] - Doug and Greg's market prediction for the year ahead. [15:07] - What may cause the Federal Reserve to a halting scenario. [19:30] - How the FTX's fallout is repeating history. [22:45] - Greg's advice for investors and money managers. Quotes [12:15] - "My prediction for next year is that if we have a bad market year, bonds will return to being diversifiers, and the 60/40 will be alive again." ~ Doug Stokes [13:22] - "Even if we have a recession, the markets may still be up, and bonds may still be up, too, because bonds will have priced in the fact that inflation is coming down." ~ Greg Stokes [14:17] - "Markets are the most up-to-date snapshot of human psychology and how people feel about buying and selling assets at any time." ~ Greg Stokes [22:56] - "If you get excited about something, try to allocate a small percentage of your net worth to it. So if it doesn't work out, it won't sink the ship." ~ Greg Stokes Links  Cullen Roche Sam Bankman-Fried Charlie Bilello Anthony Pompliano Tom Brady Mark Cuban Michael Saylor MicroStrategy Goldman Sachs Morgan Stanley Dave Portnoy Barstool Sports SafeMoon Dogecoin Coinbase Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 29 Nov 2022 08:00:00 -0000 Getting Caught Up in the Cryptocurrency Hype full 1 44 Stokes Family Office The cryptocurrency industry is one of the most volatile and unpredictable industries in the world. In just a few short years, the industry has gone from being relatively unknown to being worth billions of dollars.  The recent drama surrounding the FTX cryptocurrency exchange is a cautionary tale for the industry. It is a reminder of how quickly things can go wrong in the Wild West world of crypto and how easy it is for investors to get caught up in the hype. In this episode, Doug and Greg talk about one of the latest and biggest market events, the fallout of cryptocurrency. As a part of the weekly news digest, the two also speak about inflation and how the FTX's fallout repeats history. Key Takeaways [00:53] - Two potential outcomes in today's economic climate. [02:06] - Greg's take on a good inflation print. [04:41] - The FTX fallout. [08:32] - What the new CEO of FTX has to say about FTX's bankruptcy. [10:30] - The experts' take on what's holding up inflation at this point. [12:15] - Doug and Greg's market prediction for the year ahead. [15:07] - What may cause the Federal Reserve to a halting scenario. [19:30] - How the FTX's fallout is repeating history. [22:45] - Greg's advice for investors and money managers. Quotes [12:15] - "My prediction for next year is that if we have a bad market year, bonds will return to being diversifiers, and the 60/40 will be alive again." ~ Doug Stokes [13:22] - "Even if we have a recession, the markets may still be up, and bonds may still be up, too, because bonds will have priced in the fact that inflation is coming down." ~ Greg Stokes [14:17] - "Markets are the most up-to-date snapshot of human psychology and how people feel about buying and selling assets at any time." ~ Greg Stokes [22:56] - "If you get excited about something, try to allocate a small percentage of your net worth to it. So if it doesn't work out, it won't sink the ship." ~ Greg Stokes Links  Cullen Roche Sam Bankman-Fried Charlie Bilello Anthony Pompliano Tom Brady Mark Cuban Michael Saylor MicroStrategy Goldman Sachs Morgan Stanley Dave Portnoy Barstool Sports SafeMoon Dogecoin Coinbase Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The cryptocurrency industry is one of the most volatile and unpredictable industries in the world. In just a few short years, the industry has gone from being relatively unknown to being worth billions of dollars. 

The recent drama surrounding the FTX cryptocurrency exchange is a cautionary tale for the industry. It is a reminder of how quickly things can go wrong in the Wild West world of crypto and how easy it is for investors to get caught up in the hype.

In this episode, Doug and Greg talk about one of the latest and biggest market events, the fallout of cryptocurrency. As a part of the weekly news digest, the two also speak about inflation and how the FTX's fallout repeats history.


Key Takeaways

  • [00:53] - Two potential outcomes in today's economic climate.
  • [02:06] - Greg's take on a good inflation print.
  • [04:41] - The FTX fallout.
  • [08:32] - What the new CEO of FTX has to say about FTX's bankruptcy.
  • [10:30] - The experts' take on what's holding up inflation at this point.
  • [12:15] - Doug and Greg's market prediction for the year ahead.
  • [15:07] - What may cause the Federal Reserve to a halting scenario.
  • [19:30] - How the FTX's fallout is repeating history.
  • [22:45] - Greg's advice for investors and money managers.


Quotes

[12:15] - "My prediction for next year is that if we have a bad market year, bonds will return to being diversifiers, and the 60/40 will be alive again." ~ Doug Stokes

[13:22] - "Even if we have a recession, the markets may still be up, and bonds may still be up, too, because bonds will have priced in the fact that inflation is coming down." ~ Greg Stokes

[14:17] - "Markets are the most up-to-date snapshot of human psychology and how people feel about buying and selling assets at any time." ~ Greg Stokes

[22:56] - "If you get excited about something, try to allocate a small percentage of your net worth to it. So if it doesn't work out, it won't sink the ship." ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1561 no The New Orleans Sports Scene with Scott Kushner In this episode, Doug and Greg take a little break from the usual marketing discussion and talk about some other exciting things, basketball, and football. They are joined today by Scott Kushner. Scott is a leading expert on New Orleans sports and a columnist for The Times-Picayune. He is also the co-host of the Polk and Kush podcast, covering New Orleans' teams with a bend away from stats and bold takes. Scott talks with Doug and Greg about the Pelicans, Tulane football, and the Saints. Aside from sharing his thoughts on New Orleans sports, he also speaks about where he sees the city's sports scene going. Key Takeaways [02:31] - How far the Pelicans are from winning a championship. [04:34] - What Zion Williamson means to his team. [08:33] - Future impact of the trade in the NBA on the Pelicans. [11:19] - Scott's vision for the Pelicans in the future. [16:24] - What Scott thinks about the Saints and their potential. [19:24] - How Scott explains the Saints' failures during the Drew era. [21:04] - Where Sean Payton is likely to go after this year. [28:17] - In what direction will New Orleans go in the future? Quotes [04:09] - "This season is about connecting Brandon Ingram, Zion Williamson, CJ McCollum, Willie Green, and David Griffin and seeing how much potential there is. Before you can start saying where's the championship window, you want to see how all these things work together when they're all together. Cause we had just seen much of that in the first 10 games of the season." ~ Scott Kushner [13:25] - "Whether or not the Pelicans will get incrementally better to fit that timeline is a question that no one can answer. But they have allowed themselves to say if this is the right group, they've got nothing but time to get it together, fail together in the playoffs, tweak what's right around the edges and then go out and try to win. And that is a rare thing." ~ Scott Kushner [20:39] - "It doesn't do you much good if you aren't willing to use the value you have." ~ Scott Kushner Links  Scott Kushner on Twitter NOLA Polk and Kush Podcast Hornets Pelicans CJ McCollum Brandon Ingram Zion Williamson David Griffin Ja Morant NBA Anthony Davis Lakers Dyson Daniels Josh Hart Larry Nance Jrue Holiday Chris Paul Phoenix Suns Golden State Warriors Jose Alvarado LeBron James New Orleans Saints Reggie Bush Drew Brees Sean Payton Sean Canfield Garrett Grayson Lamar Jackson Patrick Mahomes Chargers Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 22 Nov 2022 08:00:00 -0000 The New Orleans Sports Scene with Scott Kushner full 1 43 Stokes Family Office In this episode, Doug and Greg take a little break from the usual marketing discussion and talk about some other exciting things, basketball, and football. They are joined today by Scott Kushner. Scott is a leading expert on New Orleans sports and a columnist for The Times-Picayune. He is also the co-host of the Polk and Kush podcast, covering New Orleans' teams with a bend away from stats and bold takes. Scott talks with Doug and Greg about the Pelicans, Tulane football, and the Saints. Aside from sharing his thoughts on New Orleans sports, he also speaks about where he sees the city's sports scene going. Key Takeaways [02:31] - How far the Pelicans are from winning a championship. [04:34] - What Zion Williamson means to his team. [08:33] - Future impact of the trade in the NBA on the Pelicans. [11:19] - Scott's vision for the Pelicans in the future. [16:24] - What Scott thinks about the Saints and their potential. [19:24] - How Scott explains the Saints' failures during the Drew era. [21:04] - Where Sean Payton is likely to go after this year. [28:17] - In what direction will New Orleans go in the future? Quotes [04:09] - "This season is about connecting Brandon Ingram, Zion Williamson, CJ McCollum, Willie Green, and David Griffin and seeing how much potential there is. Before you can start saying where's the championship window, you want to see how all these things work together when they're all together. Cause we had just seen much of that in the first 10 games of the season." ~ Scott Kushner [13:25] - "Whether or not the Pelicans will get incrementally better to fit that timeline is a question that no one can answer. But they have allowed themselves to say if this is the right group, they've got nothing but time to get it together, fail together in the playoffs, tweak what's right around the edges and then go out and try to win. And that is a rare thing." ~ Scott Kushner [20:39] - "It doesn't do you much good if you aren't willing to use the value you have." ~ Scott Kushner Links  Scott Kushner on Twitter NOLA Polk and Kush Podcast Hornets Pelicans CJ McCollum Brandon Ingram Zion Williamson David Griffin Ja Morant NBA Anthony Davis Lakers Dyson Daniels Josh Hart Larry Nance Jrue Holiday Chris Paul Phoenix Suns Golden State Warriors Jose Alvarado LeBron James New Orleans Saints Reggie Bush Drew Brees Sean Payton Sean Canfield Garrett Grayson Lamar Jackson Patrick Mahomes Chargers Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg take a little break from the usual marketing discussion and talk about some other exciting things, basketball, and football. They are joined today by Scott Kushner. Scott is a leading expert on New Orleans sports and a columnist for The Times-Picayune. He is also the co-host of the Polk and Kush podcast, covering New Orleans' teams with a bend away from stats and bold takes.

Scott talks with Doug and Greg about the Pelicans, Tulane football, and the Saints. Aside from sharing his thoughts on New Orleans sports, he also speaks about where he sees the city's sports scene going.


Key Takeaways

  • [02:31] - How far the Pelicans are from winning a championship.
  • [04:34] - What Zion Williamson means to his team.
  • [08:33] - Future impact of the trade in the NBA on the Pelicans.
  • [11:19] - Scott's vision for the Pelicans in the future.
  • [16:24] - What Scott thinks about the Saints and their potential.
  • [19:24] - How Scott explains the Saints' failures during the Drew era.
  • [21:04] - Where Sean Payton is likely to go after this year.
  • [28:17] - In what direction will New Orleans go in the future?


Quotes

[04:09] - "This season is about connecting Brandon Ingram, Zion Williamson, CJ McCollum, Willie Green, and David Griffin and seeing how much potential there is. Before you can start saying where's the championship window, you want to see how all these things work together when they're all together. Cause we had just seen much of that in the first 10 games of the season." ~ Scott Kushner

[13:25] - "Whether or not the Pelicans will get incrementally better to fit that timeline is a question that no one can answer. But they have allowed themselves to say if this is the right group, they've got nothing but time to get it together, fail together in the playoffs, tweak what's right around the edges and then go out and try to win. And that is a rare thing." ~ Scott Kushner

[20:39] - "It doesn't do you much good if you aren't willing to use the value you have." ~ Scott Kushner


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1908 no The Silver Lining in Today's Economy There has been a lot of talk about the possibility of a recession in recent months. While it is impossible to know for sure what the future holds, there are still silver linings to be found. In this episode, Doug and Greg talk about how global investment managers view the market, how the Federal Reserve is at the center of the market's action, and the silver lining in today's economic climate. Key Takeaways [00:25] - An overview of the 2022 midterm elections. [03:21] - Global investment managers' view of the market. [06:21] - How the Federal Reserve is at the center of the market's action. [10:51] - The outlook for recession among global investment companies. [14:11] - How the economic slowdown affects tech companies. Quotes [07:34] - "Just a reminder to people that whatever the message you receive from the Federal Reserve, I would not take that as gospel by any means. They are all just human beings trying to interpret data." ~ Doug Stokes [09:06] - "Even the people appointed to forecast are horrible at forecasting. There are billions of financial interactions daily. How do you forecast all of that? That's an exercise in futility." ~ Doug Stokes [15:21] - "It's not good to talk about an economic slowdown. The positive is that if you say one shoe falls after the other, we're on the last shoe under the HOPE (Housing-Orders-Profits-Employment) framework. And so, you would expect a rise in unemployment, the last piece of the puzzle for this cycle. Then you start on to new." ~ Doug Stokes Links  Nate Silver FiveThirtyEight BlackRock Charles Schwab Lloyd Blankfein Goldman Sachs Rocket Mortgage Bank of America Charlie Bilello Michael Kantro Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 15 Nov 2022 08:00:00 -0000 The Silver Lining in Today's Economy full 42 Stokes Family Office There has been a lot of talk about the possibility of a recession in recent months. While it is impossible to know for sure what the future holds, there are still silver linings to be found. In this episode, Doug and Greg talk about how global investment managers view the market, how the Federal Reserve is at the center of the market's action, and the silver lining in today's economic climate. Key Takeaways [00:25] - An overview of the 2022 midterm elections. [03:21] - Global investment managers' view of the market. [06:21] - How the Federal Reserve is at the center of the market's action. [10:51] - The outlook for recession among global investment companies. [14:11] - How the economic slowdown affects tech companies. Quotes [07:34] - "Just a reminder to people that whatever the message you receive from the Federal Reserve, I would not take that as gospel by any means. They are all just human beings trying to interpret data." ~ Doug Stokes [09:06] - "Even the people appointed to forecast are horrible at forecasting. There are billions of financial interactions daily. How do you forecast all of that? That's an exercise in futility." ~ Doug Stokes [15:21] - "It's not good to talk about an economic slowdown. The positive is that if you say one shoe falls after the other, we're on the last shoe under the HOPE (Housing-Orders-Profits-Employment) framework. And so, you would expect a rise in unemployment, the last piece of the puzzle for this cycle. Then you start on to new." ~ Doug Stokes Links  Nate Silver FiveThirtyEight BlackRock Charles Schwab Lloyd Blankfein Goldman Sachs Rocket Mortgage Bank of America Charlie Bilello Michael Kantro Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. There has been a lot of talk about the possibility of a recession in recent months. While it is impossible to know for sure what the future holds, there are still silver linings to be found.

In this episode, Doug and Greg talk about how global investment managers view the market, how the Federal Reserve is at the center of the market's action, and the silver lining in today's economic climate.


Key Takeaways

  • [00:25] - An overview of the 2022 midterm elections.
  • [03:21] - Global investment managers' view of the market.
  • [06:21] - How the Federal Reserve is at the center of the market's action.
  • [10:51] - The outlook for recession among global investment companies.
  • [14:11] - How the economic slowdown affects tech companies.


Quotes

[07:34] - "Just a reminder to people that whatever the message you receive from the Federal Reserve, I would not take that as gospel by any means. They are all just human beings trying to interpret data." ~ Doug Stokes

[09:06] - "Even the people appointed to forecast are horrible at forecasting. There are billions of financial interactions daily. How do you forecast all of that? That's an exercise in futility." ~ Doug Stokes

[15:21] - "It's not good to talk about an economic slowdown. The positive is that if you say one shoe falls after the other, we're on the last shoe under the HOPE (Housing-Orders-Profits-Employment) framework. And so, you would expect a rise in unemployment, the last piece of the puzzle for this cycle. Then you start on to new." ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1174 no A Positive Outlook During the Economic Downturn Recent years have been tough on the economy. Many challenges have led to a slowdown in the global economy. Despite the negative impact of the economic slowdown, there are still reasons to be optimistic. Tough times don't last forever, and the economy will eventually recover. In this episode, Doug and Greg talk about what financial experts have to say about inflation, the slowdown of today's economy, and how the global markets have been performing in the past weeks. Key Takeaways [01:45] - What financial experts have to say about inflation. [05:28] - The slowdown of today's economy. [11:21] - A decline in the growth rate of big tech companies. [15:12] - An aspect of the economy that is positive. [17:59] - A look at the scenarios facing Europe, Russia, and Ukraine. [20:29] - How the global markets are doing after 43 weeks. [23:48] - The best thing people can do in today's market. Quotes [05:00] - "We manage portfolios based on people's lifetime cash flow needs and build buffers between their equity portfolio and their expected living needs. You would never want to trade your retirement or your nest egg on what's happening in the world." ~ Greg Stokes [08:09] - "Regardless of where you look, it will be tough for people to buy homes at these rates." ~ Doug Stokes [20:51] - "The only things that have worked this year are energy and cash. It was the most hated asset class for the last 10 years." ~ Greg Stokes and Doug Stokes Links  What To Do When You Know What Stocks Will Do Next Jason Zweig Lloyd Blankfein Goldman Sachs Federal Reserve Bank of St. Louis Nick Timiraos Bank of America Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 08 Nov 2022 08:00:00 -0000 A Positive Outlook During the Economic Downturn full 1 41 Stokes Family Office Recent years have been tough on the economy. Many challenges have led to a slowdown in the global economy. Despite the negative impact of the economic slowdown, there are still reasons to be optimistic. Tough times don't last forever, and the economy will eventually recover. In this episode, Doug and Greg talk about what financial experts have to say about inflation, the slowdown of today's economy, and how the global markets have been performing in the past weeks. Key Takeaways [01:45] - What financial experts have to say about inflation. [05:28] - The slowdown of today's economy. [11:21] - A decline in the growth rate of big tech companies. [15:12] - An aspect of the economy that is positive. [17:59] - A look at the scenarios facing Europe, Russia, and Ukraine. [20:29] - How the global markets are doing after 43 weeks. [23:48] - The best thing people can do in today's market. Quotes [05:00] - "We manage portfolios based on people's lifetime cash flow needs and build buffers between their equity portfolio and their expected living needs. You would never want to trade your retirement or your nest egg on what's happening in the world." ~ Greg Stokes [08:09] - "Regardless of where you look, it will be tough for people to buy homes at these rates." ~ Doug Stokes [20:51] - "The only things that have worked this year are energy and cash. It was the most hated asset class for the last 10 years." ~ Greg Stokes and Doug Stokes Links  What To Do When You Know What Stocks Will Do Next Jason Zweig Lloyd Blankfein Goldman Sachs Federal Reserve Bank of St. Louis Nick Timiraos Bank of America Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Recent years have been tough on the economy. Many challenges have led to a slowdown in the global economy. Despite the negative impact of the economic slowdown, there are still reasons to be optimistic. Tough times don't last forever, and the economy will eventually recover.

In this episode, Doug and Greg talk about what financial experts have to say about inflation, the slowdown of today's economy, and how the global markets have been performing in the past weeks.


Key Takeaways

  • [01:45] - What financial experts have to say about inflation.
  • [05:28] - The slowdown of today's economy.
  • [11:21] - A decline in the growth rate of big tech companies.
  • [15:12] - An aspect of the economy that is positive.
  • [17:59] - A look at the scenarios facing Europe, Russia, and Ukraine.
  • [20:29] - How the global markets are doing after 43 weeks.
  • [23:48] - The best thing people can do in today's market.


Quotes

[05:00] - "We manage portfolios based on people's lifetime cash flow needs and build buffers between their equity portfolio and their expected living needs. You would never want to trade your retirement or your nest egg on what's happening in the world." ~ Greg Stokes

[08:09] - "Regardless of where you look, it will be tough for people to buy homes at these rates." ~ Doug Stokes

[20:51] - "The only things that have worked this year are energy and cash. It was the most hated asset class for the last 10 years." ~ Greg Stokes and Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1645 no The Increasing Drawdowns in the Stock and Bond Markets The stock and bond markets have seen some wild swings over the past few weeks. This has caused large drawdowns in the stock and bond markets and a great deal of pain for international economies. While the increasing declines in the market may have a negative impact in the short run, they are likely to have a positive impact in the long run. In this episode, Greg and Doug talk about how people feel about the current state of the market, the increasing drawdowns in the stock and bond markets, and update on the economic situation around the world. Key Takeaways [01:14] - Some good news in the market today. [03:18] - How people feel about the current state of the market. [07:05] - The impact of market volatility on someone nearing or in retirement. [08:31] - The increasing drawdowns in the stock and bond markets. [12:36] - What Greg and Doug think about where we are in the economic cycle. [15:15] - An update on the economic situation in big countries. [19:50] - The impact of the U.S. economy on international economies. Quotes [09:07] - "Besides the Great Depression, during which the stock market was down 90%, the bigger drawdowns that have historically happened in the U.S. stock market have been down 50%, 40%, etc. The bond market is not supposed to function like that from a volatility standpoint. But this year, the 20+ year treasury market is down negative 42%. That's unreal to think about." ~ Greg Stokes [11:07] - "As far as the bond market is down as much as it is simultaneously with the stock market, that's unprecedented." ~ Greg Stokes [17:33] - "When you have an economic downturn, at least historically, one way to combat it has been to cut taxes and spur economic growth." ~ Doug Stokes Links  Michael Gayed Charlie Bilello Charles Schwab Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 01 Nov 2022 07:00:00 -0000 The Increasing Drawdowns in the Stock and Bond Markets full 1 40 Stokes Family Office The stock and bond markets have seen some wild swings over the past few weeks. This has caused large drawdowns in the stock and bond markets and a great deal of pain for international economies. While the increasing declines in the market may have a negative impact in the short run, they are likely to have a positive impact in the long run. In this episode, Greg and Doug talk about how people feel about the current state of the market, the increasing drawdowns in the stock and bond markets, and update on the economic situation around the world. Key Takeaways [01:14] - Some good news in the market today. [03:18] - How people feel about the current state of the market. [07:05] - The impact of market volatility on someone nearing or in retirement. [08:31] - The increasing drawdowns in the stock and bond markets. [12:36] - What Greg and Doug think about where we are in the economic cycle. [15:15] - An update on the economic situation in big countries. [19:50] - The impact of the U.S. economy on international economies. Quotes [09:07] - "Besides the Great Depression, during which the stock market was down 90%, the bigger drawdowns that have historically happened in the U.S. stock market have been down 50%, 40%, etc. The bond market is not supposed to function like that from a volatility standpoint. But this year, the 20+ year treasury market is down negative 42%. That's unreal to think about." ~ Greg Stokes [11:07] - "As far as the bond market is down as much as it is simultaneously with the stock market, that's unprecedented." ~ Greg Stokes [17:33] - "When you have an economic downturn, at least historically, one way to combat it has been to cut taxes and spur economic growth." ~ Doug Stokes Links  Michael Gayed Charlie Bilello Charles Schwab Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The stock and bond markets have seen some wild swings over the past few weeks. This has caused large drawdowns in the stock and bond markets and a great deal of pain for international economies. While the increasing declines in the market may have a negative impact in the short run, they are likely to have a positive impact in the long run.

In this episode, Greg and Doug talk about how people feel about the current state of the market, the increasing drawdowns in the stock and bond markets, and update on the economic situation around the world.


Key Takeaways

  • [01:14] - Some good news in the market today.
  • [03:18] - How people feel about the current state of the market.
  • [07:05] - The impact of market volatility on someone nearing or in retirement.
  • [08:31] - The increasing drawdowns in the stock and bond markets.
  • [12:36] - What Greg and Doug think about where we are in the economic cycle.
  • [15:15] - An update on the economic situation in big countries.
  • [19:50] - The impact of the U.S. economy on international economies.


Quotes

[09:07] - "Besides the Great Depression, during which the stock market was down 90%, the bigger drawdowns that have historically happened in the U.S. stock market have been down 50%, 40%, etc. The bond market is not supposed to function like that from a volatility standpoint. But this year, the 20+ year treasury market is down negative 42%. That's unreal to think about." ~ Greg Stokes

[11:07] - "As far as the bond market is down as much as it is simultaneously with the stock market, that's unprecedented." ~ Greg Stokes

[17:33] - "When you have an economic downturn, at least historically, one way to combat it has been to cut taxes and spur economic growth." ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1473 no A Difficult Year for the Economy and Markets The stock market has been on a roller coaster ride this year, and unfortunately, it has mostly been going down. This has made a lot of people very anxious about their investments and future. Bonds have also been performing poorly, adding to the anxiety. How should investors respond to current market conditions? In this episode, Greg and Doug talk about how stocks and bonds have performed poorly this year, how people react to today's market conditions, and how Mike Epstein's story makes sense from an Armageddon-type scenario. Key Takeaways [00:20] - Market performance for the past week. [02:20] - How stocks and bonds are performing poorly this year. [06:48] - How people react to today's poor market conditions. [10:59] - Why today's market conditions aren't comparable to the 1970s. [15:03] - The impact of higher mortgage rates on homeowners and renters. [17:04] - How Mike Epstein's story makes sense from an Armageddon-type scenario. [19:07] - Doug's thoughts on the wealth quote by Arthur Schopenhauer. [20:41] - What Greg thinks is the most valuable asset. Quotes [03:25] - "It's been a crummy year for stocks and bonds. The only thing that's worked this year has been cash and oil stocks, the things which people looked at negatively for the previous 10 years." ~ Greg Stokes [10:41] - "The market is a very good teacher and the lessons can be expensive." ~ Doug Stokes [19:33] - "My definition of wealth is time and freedom and the ability to choose what you want to do with your time and freedom. It's not necessarily the value of your portfolio, the amount of earnings, or the amount of material things you have." ~ Doug Stokes Links  BlackRock Ben Carlson Getting Long-Term Bullish Warren Buffet Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 25 Oct 2022 07:00:00 -0000 A Difficult Year for the Economy and Markets full 1 39 Stokes Family Office The stock market has been on a roller coaster ride this year, and unfortunately, it has mostly been going down. This has made a lot of people very anxious about their investments and future. Bonds have also been performing poorly, adding to the anxiety. How should investors respond to current market conditions? In this episode, Greg and Doug talk about how stocks and bonds have performed poorly this year, how people react to today's market conditions, and how Mike Epstein's story makes sense from an Armageddon-type scenario. Key Takeaways [00:20] - Market performance for the past week. [02:20] - How stocks and bonds are performing poorly this year. [06:48] - How people react to today's poor market conditions. [10:59] - Why today's market conditions aren't comparable to the 1970s. [15:03] - The impact of higher mortgage rates on homeowners and renters. [17:04] - How Mike Epstein's story makes sense from an Armageddon-type scenario. [19:07] - Doug's thoughts on the wealth quote by Arthur Schopenhauer. [20:41] - What Greg thinks is the most valuable asset. Quotes [03:25] - "It's been a crummy year for stocks and bonds. The only thing that's worked this year has been cash and oil stocks, the things which people looked at negatively for the previous 10 years." ~ Greg Stokes [10:41] - "The market is a very good teacher and the lessons can be expensive." ~ Doug Stokes [19:33] - "My definition of wealth is time and freedom and the ability to choose what you want to do with your time and freedom. It's not necessarily the value of your portfolio, the amount of earnings, or the amount of material things you have." ~ Doug Stokes Links  BlackRock Ben Carlson Getting Long-Term Bullish Warren Buffet Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The stock market has been on a roller coaster ride this year, and unfortunately, it has mostly been going down. This has made a lot of people very anxious about their investments and future. Bonds have also been performing poorly, adding to the anxiety. How should investors respond to current market conditions?

In this episode, Greg and Doug talk about how stocks and bonds have performed poorly this year, how people react to today's market conditions, and how Mike Epstein's story makes sense from an Armageddon-type scenario.


Key Takeaways

  • [00:20] - Market performance for the past week.
  • [02:20] - How stocks and bonds are performing poorly this year.
  • [06:48] - How people react to today's poor market conditions.
  • [10:59] - Why today's market conditions aren't comparable to the 1970s.
  • [15:03] - The impact of higher mortgage rates on homeowners and renters.
  • [17:04] - How Mike Epstein's story makes sense from an Armageddon-type scenario.
  • [19:07] - Doug's thoughts on the wealth quote by Arthur Schopenhauer.
  • [20:41] - What Greg thinks is the most valuable asset.


Quotes

[03:25] - "It's been a crummy year for stocks and bonds. The only thing that's worked this year has been cash and oil stocks, the things which people looked at negatively for the previous 10 years." ~ Greg Stokes

[10:41] - "The market is a very good teacher and the lessons can be expensive." ~ Doug Stokes

[19:33] - "My definition of wealth is time and freedom and the ability to choose what you want to do with your time and freedom. It's not necessarily the value of your portfolio, the amount of earnings, or the amount of material things you have." ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1426 no Crisis in the Global Economy A growing number of experts believe that a recession is looming on the horizon. This week, Greg and Doug look at the importance of being prepared for the dips while remaining focused on the brighter days to come. Key Takeaways [00:21] - Recent headlines on the global economy. [06:01] - What surveys say about the economy and the market. [11:17] - What analysts have to say about the current state of the market. [14:27] - Insights into how bull markets and bear markets work. [15:40] - The impact of high mortgage rates on the housing market. [20:00] - What it takes to survive a possible recession. Quotes [03:38] - "The markets are hoping that data provides the Fed an excuse to pivot or get more dovish and not continue down the path of raising rates. The jobs report that came out on Friday did the opposite." ~ Greg Stokes [06:56] - "The Federal Reserve is trying to push the economy into a recession, which means having corporate profit margins cut substantially, and corporate earnings cut down, leading to higher unemployment." ~ Doug Stokes [14:42] - "Bear markets are typically an elevator down, and bull markets are an escalator on the way back up. Meaning that typically bear markets happen pretty quickly, and then it slows as it's climbing a wall of worry from the standpoint of re-initiating another bull market." ~ Greg Stokes Links  Jamie Dimon J.P. Morgan KPMG Callie Cox eToro Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 18 Oct 2022 07:00:00 -0000 Crisis in the Global Economy full 1 38 Stokes Family Office A growing number of experts believe that a recession is looming on the horizon. This week, Greg and Doug look at the importance of being prepared for the dips while remaining focused on the brighter days to come. Key Takeaways [00:21] - Recent headlines on the global economy. [06:01] - What surveys say about the economy and the market. [11:17] - What analysts have to say about the current state of the market. [14:27] - Insights into how bull markets and bear markets work. [15:40] - The impact of high mortgage rates on the housing market. [20:00] - What it takes to survive a possible recession. Quotes [03:38] - "The markets are hoping that data provides the Fed an excuse to pivot or get more dovish and not continue down the path of raising rates. The jobs report that came out on Friday did the opposite." ~ Greg Stokes [06:56] - "The Federal Reserve is trying to push the economy into a recession, which means having corporate profit margins cut substantially, and corporate earnings cut down, leading to higher unemployment." ~ Doug Stokes [14:42] - "Bear markets are typically an elevator down, and bull markets are an escalator on the way back up. Meaning that typically bear markets happen pretty quickly, and then it slows as it's climbing a wall of worry from the standpoint of re-initiating another bull market." ~ Greg Stokes Links  Jamie Dimon J.P. Morgan KPMG Callie Cox eToro Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. A growing number of experts believe that a recession is looming on the horizon.

This week, Greg and Doug look at the importance of being prepared for the dips while remaining focused on the brighter days to come.


Key Takeaways

  • [00:21] - Recent headlines on the global economy.
  • [06:01] - What surveys say about the economy and the market.
  • [11:17] - What analysts have to say about the current state of the market.
  • [14:27] - Insights into how bull markets and bear markets work.
  • [15:40] - The impact of high mortgage rates on the housing market.
  • [20:00] - What it takes to survive a possible recession.


Quotes

[03:38] - "The markets are hoping that data provides the Fed an excuse to pivot or get more dovish and not continue down the path of raising rates. The jobs report that came out on Friday did the opposite." ~ Greg Stokes

[06:56] - "The Federal Reserve is trying to push the economy into a recession, which means having corporate profit margins cut substantially, and corporate earnings cut down, leading to higher unemployment." ~ Doug Stokes

[14:42] - "Bear markets are typically an elevator down, and bull markets are an escalator on the way back up. Meaning that typically bear markets happen pretty quickly, and then it slows as it's climbing a wall of worry from the standpoint of re-initiating another bull market." ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1482 no Market Review, Speculations, and Outlook for Financial Markets The market has continued to be volatile over the last month. This situation has left many investors wondering what they can expect in the coming weeks and months. Despite speculation surrounding investment banks, the financial market, and the housing market, many experts believe there is potential growth in the long term. In this episode, Greg Stokes and Doug Stokes talk about the market performance over the last month, the speculations surrounding investment banks, and their outlook on the financial and housing markets. Key Takeaways [00:31] - Why September's market performance was not good. [05:02] - Speculation surrounding investment banks. [07:13] - How the economic volatility over the last three years has been brutal. [09:58] - What makes today's market exciting. [11:43] - What makes the U.S. fortunate compared to other countries. [16:56] - Greg's outlook for the housing market. [21:55] - What financial experts have to say about the current market situation. Quotes [05:15] - "It's easy to be bearish at this point, and the people that are rewarded are the ones that are bullish when everybody else is bearish." ~ Doug Stokes [09:43] - "It's difficult to make buying decisions when there's so much uncertainty in the world and when the range of outcomes is so wide. I think that comes down to prudent portfolio and cash flow management." ~ Doug Stokes  [09:58] - "As a young person, the exciting thing about the market today is the buying opportunity. If you're dollar cost averaging into your 401K plan, great. Your dollar cost averaging into lower and lower prices help with the accumulation of more and more wealth over time. But if you're reaching retirement age, the exciting component to your portfolio is that you can earn some interest on the bond side." ~ Doug Stokes Links  Ben Carlson Credit Suisse Deutsche Bank Warren Buffet George Maroudas J.P. Morgan Bob Brinker Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 11 Oct 2022 07:00:00 -0000 Market Review, Speculations, and Outlook for Financial Markets full 1 37 Stokes Family Office The market has continued to be volatile over the last month. This situation has left many investors wondering what they can expect in the coming weeks and months. Despite speculation surrounding investment banks, the financial market, and the housing market, many experts believe there is potential growth in the long term. In this episode, Greg Stokes and Doug Stokes talk about the market performance over the last month, the speculations surrounding investment banks, and their outlook on the financial and housing markets. Key Takeaways [00:31] - Why September's market performance was not good. [05:02] - Speculation surrounding investment banks. [07:13] - How the economic volatility over the last three years has been brutal. [09:58] - What makes today's market exciting. [11:43] - What makes the U.S. fortunate compared to other countries. [16:56] - Greg's outlook for the housing market. [21:55] - What financial experts have to say about the current market situation. Quotes [05:15] - "It's easy to be bearish at this point, and the people that are rewarded are the ones that are bullish when everybody else is bearish." ~ Doug Stokes [09:43] - "It's difficult to make buying decisions when there's so much uncertainty in the world and when the range of outcomes is so wide. I think that comes down to prudent portfolio and cash flow management." ~ Doug Stokes  [09:58] - "As a young person, the exciting thing about the market today is the buying opportunity. If you're dollar cost averaging into your 401K plan, great. Your dollar cost averaging into lower and lower prices help with the accumulation of more and more wealth over time. But if you're reaching retirement age, the exciting component to your portfolio is that you can earn some interest on the bond side." ~ Doug Stokes Links  Ben Carlson Credit Suisse Deutsche Bank Warren Buffet George Maroudas J.P. Morgan Bob Brinker Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The market has continued to be volatile over the last month. This situation has left many investors wondering what they can expect in the coming weeks and months. Despite speculation surrounding investment banks, the financial market, and the housing market, many experts believe there is potential growth in the long term.

In this episode, Greg Stokes and Doug Stokes talk about the market performance over the last month, the speculations surrounding investment banks, and their outlook on the financial and housing markets.


Key Takeaways

  • [00:31] - Why September's market performance was not good.
  • [05:02] - Speculation surrounding investment banks.
  • [07:13] - How the economic volatility over the last three years has been brutal.
  • [09:58] - What makes today's market exciting.
  • [11:43] - What makes the U.S. fortunate compared to other countries.
  • [16:56] - Greg's outlook for the housing market.
  • [21:55] - What financial experts have to say about the current market situation.


Quotes

[05:15] - "It's easy to be bearish at this point, and the people that are rewarded are the ones that are bullish when everybody else is bearish." ~ Doug Stokes

[09:43] - "It's difficult to make buying decisions when there's so much uncertainty in the world and when the range of outcomes is so wide. I think that comes down to prudent portfolio and cash flow management." ~ Doug Stokes 

[09:58] - "As a young person, the exciting thing about the market today is the buying opportunity. If you're dollar cost averaging into your 401K plan, great. Your dollar cost averaging into lower and lower prices help with the accumulation of more and more wealth over time. But if you're reaching retirement age, the exciting component to your portfolio is that you can earn some interest on the bond side." ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1786 no A New Path to Leadership Success with Michelle Johnston Historically, leaders communicated with their employees in a transactional and hierarchical manner. However, these tactics no longer work in today's environment. The traditional, command-and-control leadership style is no longer as effective. What leadership techniques do effective leaders employ in the modern business and working environment? In this episode, Doug and Greg talk with Michelle Johnston, a management professor, executive coach, and leadership expert who serves as the Gaston Chair of Business at Loyola University New Orleans. Author of “The Seismic Shift in Leadership,” Michelle emphasizes the need for leaders to shift from a command-and-control leadership style to one focused on connection. Michelle talks with Doug and Greg about how leaders can get to the heart of their organizations, how human connection can drive better financial performance, innovation, and productivity, and what true connection is all about. Key Takeaways [00:54] - What Michelle's book, “The Seismic Shift in Leadership,” is about. [02:47] - How leaders can get to the heart of their organizations. [05:16] - How to move away from formal hierarchical leadership structures. [09:23] - An example of a leadership style that can erode people's trust. [12:15] - How human connection can drive better financial performance, innovation, and productivity. [17:53] - What true connection means. [21:39] - How to measure the effectiveness of a leader. [25:35] - The role incentives play in retaining top talent. [27:11] - The importance of purpose and personal growth in retaining high performers. Quotes [02:49] - "Leaders who were truly getting to the highest levels in their organizations were leaders who were focusing on showing up and connecting with their people." ~ Michelle Johnston [04:21] - "You can't truly connect with others and get the best out of your team if you're trying to be somebody you're not or you're uncomfortable in your own skin. It starts with you." ~ Michelle Johnston [18:02] - "Connection is shared reciprocity. Communication in the old way was transactional, hierarchical, or do this. In connection, there's got to be an energy of reciprocity. I see you, you see me. So even though I'm the leader, I see you." ~ Michelle Johnston Links  Michelle Johnston Michelle Johnston LinkedIn Loyola University New Orleans The Seismic Shift in Leadership Jack Welch General Electric Entergy Qualcomm Don McGuire Salesforce The Seismic Shift Podcast Peter Ricchiuti Pete November Ochsner Health Warner Thomas Sutter Health Dennis Lauscha New Orleans Saints Drew Brees Swin Cash Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 04 Oct 2022 07:00:00 -0000 A New Path to Leadership Success with Michelle Johnston full 1 36 Stokes Family Office Historically, leaders communicated with their employees in a transactional and hierarchical manner. However, these tactics no longer work in today's environment. The traditional, command-and-control leadership style is no longer as effective. What leadership techniques do effective leaders employ in the modern business and working environment? In this episode, Doug and Greg talk with Michelle Johnston, a management professor, executive coach, and leadership expert who serves as the Gaston Chair of Business at Loyola University New Orleans. Author of “The Seismic Shift in Leadership,” Michelle emphasizes the need for leaders to shift from a command-and-control leadership style to one focused on connection. Michelle talks with Doug and Greg about how leaders can get to the heart of their organizations, how human connection can drive better financial performance, innovation, and productivity, and what true connection is all about. Key Takeaways [00:54] - What Michelle's book, “The Seismic Shift in Leadership,” is about. [02:47] - How leaders can get to the heart of their organizations. [05:16] - How to move away from formal hierarchical leadership structures. [09:23] - An example of a leadership style that can erode people's trust. [12:15] - How human connection can drive better financial performance, innovation, and productivity. [17:53] - What true connection means. [21:39] - How to measure the effectiveness of a leader. [25:35] - The role incentives play in retaining top talent. [27:11] - The importance of purpose and personal growth in retaining high performers. Quotes [02:49] - "Leaders who were truly getting to the highest levels in their organizations were leaders who were focusing on showing up and connecting with their people." ~ Michelle Johnston [04:21] - "You can't truly connect with others and get the best out of your team if you're trying to be somebody you're not or you're uncomfortable in your own skin. It starts with you." ~ Michelle Johnston [18:02] - "Connection is shared reciprocity. Communication in the old way was transactional, hierarchical, or do this. In connection, there's got to be an energy of reciprocity. I see you, you see me. So even though I'm the leader, I see you." ~ Michelle Johnston Links  Michelle Johnston Michelle Johnston LinkedIn Loyola University New Orleans The Seismic Shift in Leadership Jack Welch General Electric Entergy Qualcomm Don McGuire Salesforce The Seismic Shift Podcast Peter Ricchiuti Pete November Ochsner Health Warner Thomas Sutter Health Dennis Lauscha New Orleans Saints Drew Brees Swin Cash Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Historically, leaders communicated with their employees in a transactional and hierarchical manner. However, these tactics no longer work in today's environment. The traditional, command-and-control leadership style is no longer as effective. What leadership techniques do effective leaders employ in the modern business and working environment?

In this episode, Doug and Greg talk with Michelle Johnston, a management professor, executive coach, and leadership expert who serves as the Gaston Chair of Business at Loyola University New Orleans. Author of “The Seismic Shift in Leadership,” Michelle emphasizes the need for leaders to shift from a command-and-control leadership style to one focused on connection.

Michelle talks with Doug and Greg about how leaders can get to the heart of their organizations, how human connection can drive better financial performance, innovation, and productivity, and what true connection is all about.


Key Takeaways

  • [00:54] - What Michelle's book, “The Seismic Shift in Leadership,” is about.
  • [02:47] - How leaders can get to the heart of their organizations.
  • [05:16] - How to move away from formal hierarchical leadership structures.
  • [09:23] - An example of a leadership style that can erode people's trust.
  • [12:15] - How human connection can drive better financial performance, innovation, and productivity.
  • [17:53] - What true connection means.
  • [21:39] - How to measure the effectiveness of a leader.
  • [25:35] - The role incentives play in retaining top talent.
  • [27:11] - The importance of purpose and personal growth in retaining high performers.


Quotes

[02:49] - "Leaders who were truly getting to the highest levels in their organizations were leaders who were focusing on showing up and connecting with their people." ~ Michelle Johnston

[04:21] - "You can't truly connect with others and get the best out of your team if you're trying to be somebody you're not or you're uncomfortable in your own skin. It starts with you." ~ Michelle Johnston

[18:02] - "Connection is shared reciprocity. Communication in the old way was transactional, hierarchical, or do this. In connection, there's got to be an energy of reciprocity. I see you, you see me. So even though I'm the leader, I see you." ~ Michelle Johnston


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1935 no The Impact of Inflation on Commodities, Businesses, and the Stock Market Inflation is commonly discussed in terms of its impact on commodity prices. However, its effects go much deeper than that. Businesses, the stock market, and even interest rates are affected by it. As inflation ripples through the economy, what is the federal government doing to deal with this problem? In this episode, Doug and Greg talk about inflation trends and their associated risks. They speak about the impact of inflation on commodities, businesses, and the stock market, the federal government's response to inflation, and how treasury risk premiums affect various asset classes. Key Takeaways [00:21] - Doug and Greg's market forecast for this week. [04:04] - Trend in inflation and its associated risks. [06:59] - How Doug and Greg design portfolios. [08:47] - The impact of inflation on commodities and services. [13:47] - The federal government's response to inflation. [16:23] - How the risk premium to treasuries affects various asset classes today. Quotes [04:19] - "There are a lot of components to the inflationary picture that seems to be slowing down. The risk is that the policymakers are making decisions from an interest rate standpoint with the analogy of the late 1970s when inflation existed for 15 years and wanted to nip it in the bud." ~ Greg Stokes [11:42] - "It's very difficult to be a business owner and a big participant in the global economy and manage a business with many variabilities." ~ Doug Stokes [13:27] - "There's tremendous volatility in all aspects of business and the same thing in the markets. Even though we have inflation in the 8% range, unemployment is low. Unemployment is 3.5%, so that's an interesting dichotomy of what's happening right now." ~ Greg Stokes Links  Ken Fisher Morgan Housel Ben Carlson How Much Do Interest Rates Matter to the Stock Market Vanguard Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 27 Sep 2022 07:00:00 -0000 The Impact of Inflation on Commodities, Businesses, and the Stock Market full 1 35 Stokes Family Office Inflation is commonly discussed in terms of its impact on commodity prices. However, its effects go much deeper than that. Businesses, the stock market, and even interest rates are affected by it. As inflation ripples through the economy, what is the federal government doing to deal with this problem? In this episode, Doug and Greg talk about inflation trends and their associated risks. They speak about the impact of inflation on commodities, businesses, and the stock market, the federal government's response to inflation, and how treasury risk premiums affect various asset classes. Key Takeaways [00:21] - Doug and Greg's market forecast for this week. [04:04] - Trend in inflation and its associated risks. [06:59] - How Doug and Greg design portfolios. [08:47] - The impact of inflation on commodities and services. [13:47] - The federal government's response to inflation. [16:23] - How the risk premium to treasuries affects various asset classes today. Quotes [04:19] - "There are a lot of components to the inflationary picture that seems to be slowing down. The risk is that the policymakers are making decisions from an interest rate standpoint with the analogy of the late 1970s when inflation existed for 15 years and wanted to nip it in the bud." ~ Greg Stokes [11:42] - "It's very difficult to be a business owner and a big participant in the global economy and manage a business with many variabilities." ~ Doug Stokes [13:27] - "There's tremendous volatility in all aspects of business and the same thing in the markets. Even though we have inflation in the 8% range, unemployment is low. Unemployment is 3.5%, so that's an interesting dichotomy of what's happening right now." ~ Greg Stokes Links  Ken Fisher Morgan Housel Ben Carlson How Much Do Interest Rates Matter to the Stock Market Vanguard Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Inflation is commonly discussed in terms of its impact on commodity prices. However, its effects go much deeper than that. Businesses, the stock market, and even interest rates are affected by it. As inflation ripples through the economy, what is the federal government doing to deal with this problem?

In this episode, Doug and Greg talk about inflation trends and their associated risks. They speak about the impact of inflation on commodities, businesses, and the stock market, the federal government's response to inflation, and how treasury risk premiums affect various asset classes.


Key Takeaways

  • [00:21] - Doug and Greg's market forecast for this week.
  • [04:04] - Trend in inflation and its associated risks.
  • [06:59] - How Doug and Greg design portfolios.
  • [08:47] - The impact of inflation on commodities and services.
  • [13:47] - The federal government's response to inflation.
  • [16:23] - How the risk premium to treasuries affects various asset classes today.


Quotes

[04:19] - "There are a lot of components to the inflationary picture that seems to be slowing down. The risk is that the policymakers are making decisions from an interest rate standpoint with the analogy of the late 1970s when inflation existed for 15 years and wanted to nip it in the bud." ~ Greg Stokes

[11:42] - "It's very difficult to be a business owner and a big participant in the global economy and manage a business with many variabilities." ~ Doug Stokes

[13:27] - "There's tremendous volatility in all aspects of business and the same thing in the markets. Even though we have inflation in the 8% range, unemployment is low. Unemployment is 3.5%, so that's an interesting dichotomy of what's happening right now." ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1366 no Multi-Generational Wealth Stewardship with Jason Baker For centuries, families have passed down their wealth from one generation to the next. However, with the modern-day challenges, the need for a more formalized approach to multi-generational wealth stewardship has never been greater. In this episode, Doug and Greg talk with Jason Baker, a former NFL punter who is now the CEO and Partner at Paterson Center. This organization helps individuals and organizations be very intentional about their strategy and performance. After going through a life plan with one of the best strategic planning facilitators, Jason found clarity in the next act in his life. Today, he got licensed to hold all the Paterson licensing in his private practice. Jason talks with Doug and Greg about how he transitioned from playing football to owning a consulting firm, what Paterson Center can offer clients, and his approach to creating a life plan for families with different dynamics. Key Takeaways [01:07] - A brief overview of Jason's NFL career. [04:43] - How Jason transitioned from being an athlete to owning a consulting firm. [06:18] - What Paterson Center can offer clients. [08:09] - How LifePlan and StratOp work for families. [13:11] - In what ways Paterson practices accountability for its strategies. [16:59] - How Jason creates a life plan for families with different dynamics. [21:48] - The timeline for creating a family constitution. [26:07] - How Jason markets their services to attract new clients. [28:27] - The type of family Paterson Center usually works with. [33:27] - What Jason thinks is the most important role on an NFL team. Quotes [14:31] - "It's our job to recognize where the family wants to go and what needs to happen to get there. Then we'll certainly embrace getting there and maintaining our accountability." ~ Jason Baker [27:03] - "Our goal is always to do the best work we can that somehow we will be a blessing to the organizations and families we work with." ~ Jason Baker [32:40] - "We love the opportunity to help people do what they want with what they've got and what they've been blessed with in the world. And I'm fortunate enough to have some pretty cool tools to do it." ~ Jason Baker Links  Jason Baker on LinkedIn Reggie Bush Devin Hester Paterson Center Paterson LifePlan StratOp | Paterson Pete Richardson McKinsey Deloitte New Orleans Saints Denver Broncos Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 20 Sep 2022 07:00:00 -0000 Multi-Generational Wealth Stewardship with Jason Baker full 1 34 Stokes Family Office For centuries, families have passed down their wealth from one generation to the next. However, with the modern-day challenges, the need for a more formalized approach to multi-generational wealth stewardship has never been greater. In this episode, Doug and Greg talk with Jason Baker, a former NFL punter who is now the CEO and Partner at Paterson Center. This organization helps individuals and organizations be very intentional about their strategy and performance. After going through a life plan with one of the best strategic planning facilitators, Jason found clarity in the next act in his life. Today, he got licensed to hold all the Paterson licensing in his private practice. Jason talks with Doug and Greg about how he transitioned from playing football to owning a consulting firm, what Paterson Center can offer clients, and his approach to creating a life plan for families with different dynamics. Key Takeaways [01:07] - A brief overview of Jason's NFL career. [04:43] - How Jason transitioned from being an athlete to owning a consulting firm. [06:18] - What Paterson Center can offer clients. [08:09] - How LifePlan and StratOp work for families. [13:11] - In what ways Paterson practices accountability for its strategies. [16:59] - How Jason creates a life plan for families with different dynamics. [21:48] - The timeline for creating a family constitution. [26:07] - How Jason markets their services to attract new clients. [28:27] - The type of family Paterson Center usually works with. [33:27] - What Jason thinks is the most important role on an NFL team. Quotes [14:31] - "It's our job to recognize where the family wants to go and what needs to happen to get there. Then we'll certainly embrace getting there and maintaining our accountability." ~ Jason Baker [27:03] - "Our goal is always to do the best work we can that somehow we will be a blessing to the organizations and families we work with." ~ Jason Baker [32:40] - "We love the opportunity to help people do what they want with what they've got and what they've been blessed with in the world. And I'm fortunate enough to have some pretty cool tools to do it." ~ Jason Baker Links  Jason Baker on LinkedIn Reggie Bush Devin Hester Paterson Center Paterson LifePlan StratOp | Paterson Pete Richardson McKinsey Deloitte New Orleans Saints Denver Broncos Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. For centuries, families have passed down their wealth from one generation to the next. However, with the modern-day challenges, the need for a more formalized approach to multi-generational wealth stewardship has never been greater.

In this episode, Doug and Greg talk with Jason Baker, a former NFL punter who is now the CEO and Partner at Paterson Center. This organization helps individuals and organizations be very intentional about their strategy and performance. After going through a life plan with one of the best strategic planning facilitators, Jason found clarity in the next act in his life. Today, he got licensed to hold all the Paterson licensing in his private practice.

Jason talks with Doug and Greg about how he transitioned from playing football to owning a consulting firm, what Paterson Center can offer clients, and his approach to creating a life plan for families with different dynamics.


Key Takeaways

  • [01:07] - A brief overview of Jason's NFL career.
  • [04:43] - How Jason transitioned from being an athlete to owning a consulting firm.
  • [06:18] - What Paterson Center can offer clients.
  • [08:09] - How LifePlan and StratOp work for families.
  • [13:11] - In what ways Paterson practices accountability for its strategies.
  • [16:59] - How Jason creates a life plan for families with different dynamics.
  • [21:48] - The timeline for creating a family constitution.
  • [26:07] - How Jason markets their services to attract new clients.
  • [28:27] - The type of family Paterson Center usually works with.
  • [33:27] - What Jason thinks is the most important role on an NFL team.


Quotes

[14:31] - "It's our job to recognize where the family wants to go and what needs to happen to get there. Then we'll certainly embrace getting there and maintaining our accountability." ~ Jason Baker

[27:03] - "Our goal is always to do the best work we can that somehow we will be a blessing to the organizations and families we work with." ~ Jason Baker

[32:40] - "We love the opportunity to help people do what they want with what they've got and what they've been blessed with in the world. And I'm fortunate enough to have some pretty cool tools to do it." ~ Jason Baker


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2311 no The Beauty of Investing in Real Estate with Drew Pearson Real estate has long been considered an attractive asset class by investors for several reasons. This investment offers many benefits, including high returns, stability, and inflation protection. With real estate investing being an excellent way to diversify portfolios and build wealth over time, what are some of the investment strategies that can take advantage of these opportunities? In this episode, Greg and Doug talk with Drew Pearson, the Managing Partner at Pearson Partners. Drew began his commercial real estate career at Latter & Blum in Baton Rouge in 2008. He moved to a boutique firm, Waters & Pettit, in 2011 and became a top-selling agent there within a few years. In 2015, Drew began to work at Promanas, where he served as head of acquisitions helping the firm to grow to over $250M of real estate asset value. Drew talks with Greg and Doug about his journey to becoming a real estate investor. A self-storage investor and developer himself, Drew speaks about why self-storage is an attractive asset class, how he builds teams to manage local and regional markets, and what his thoughts are on the next big thing on the real estate investing scene. Key Takeaways [01:07] - Drew's journey to becoming a real estate investor. [05:39] - Why self-storage is an attractive asset class. [10:33] - How Drew finds deals in secondary and tertiary markets. [12:09] - What makes investing today different from the past. [14:45] - Why team building is important from an operational perspective. [17:28] - How Pearson Partners serves investors. [22:06] - The next big thing in real estate investing. [27:11] - Drew's thoughts about vacancies. [29:39] - What makes real estate an attractive investment. Quotes [06:25] - "The demand drivers for storage are death, divorce, and dislocation or moving. Those things happen in good times and in bad. Unlike an office tenant in a recession who needs to downsize his footprint, there is a need, regardless of economic times, for this storage type." ~ Drew Pearson [16:11] - "People are the gas to the race car, and investment properties are the race cars. They need people to operate them." ~ Drew Pearson [28:22] - "It's almost better to have a short-term lease in today's market. If the tenant's paying six bucks a foot and the market is now nine bucks a foot, it's beneficial to have a short-term lease as a landlord. We can restructure the lease or bring things back closer to market and get a better return." ~ Drew Pearson Links  Drew Pearson on LinkedIn Pearson Partners Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 13 Sep 2022 07:00:00 -0000 The Beauty of Investing in Real Estate with Drew Pearson full 1 33 Stokes Family Office Real estate has long been considered an attractive asset class by investors for several reasons. This investment offers many benefits, including high returns, stability, and inflation protection. With real estate investing being an excellent way to diversify portfolios and build wealth over time, what are some of the investment strategies that can take advantage of these opportunities? In this episode, Greg and Doug talk with Drew Pearson, the Managing Partner at Pearson Partners. Drew began his commercial real estate career at Latter & Blum in Baton Rouge in 2008. He moved to a boutique firm, Waters & Pettit, in 2011 and became a top-selling agent there within a few years. In 2015, Drew began to work at Promanas, where he served as head of acquisitions helping the firm to grow to over $250M of real estate asset value. Drew talks with Greg and Doug about his journey to becoming a real estate investor. A self-storage investor and developer himself, Drew speaks about why self-storage is an attractive asset class, how he builds teams to manage local and regional markets, and what his thoughts are on the next big thing on the real estate investing scene. Key Takeaways [01:07] - Drew's journey to becoming a real estate investor. [05:39] - Why self-storage is an attractive asset class. [10:33] - How Drew finds deals in secondary and tertiary markets. [12:09] - What makes investing today different from the past. [14:45] - Why team building is important from an operational perspective. [17:28] - How Pearson Partners serves investors. [22:06] - The next big thing in real estate investing. [27:11] - Drew's thoughts about vacancies. [29:39] - What makes real estate an attractive investment. Quotes [06:25] - "The demand drivers for storage are death, divorce, and dislocation or moving. Those things happen in good times and in bad. Unlike an office tenant in a recession who needs to downsize his footprint, there is a need, regardless of economic times, for this storage type." ~ Drew Pearson [16:11] - "People are the gas to the race car, and investment properties are the race cars. They need people to operate them." ~ Drew Pearson [28:22] - "It's almost better to have a short-term lease in today's market. If the tenant's paying six bucks a foot and the market is now nine bucks a foot, it's beneficial to have a short-term lease as a landlord. We can restructure the lease or bring things back closer to market and get a better return." ~ Drew Pearson Links  Drew Pearson on LinkedIn Pearson Partners Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Real estate has long been considered an attractive asset class by investors for several reasons. This investment offers many benefits, including high returns, stability, and inflation protection. With real estate investing being an excellent way to diversify portfolios and build wealth over time, what are some of the investment strategies that can take advantage of these opportunities?

In this episode, Greg and Doug talk with Drew Pearson, the Managing Partner at Pearson Partners. Drew began his commercial real estate career at Latter & Blum in Baton Rouge in 2008. He moved to a boutique firm, Waters & Pettit, in 2011 and became a top-selling agent there within a few years. In 2015, Drew began to work at Promanas, where he served as head of acquisitions helping the firm to grow to over $250M of real estate asset value.

Drew talks with Greg and Doug about his journey to becoming a real estate investor. A self-storage investor and developer himself, Drew speaks about why self-storage is an attractive asset class, how he builds teams to manage local and regional markets, and what his thoughts are on the next big thing on the real estate investing scene.


Key Takeaways

  • [01:07] - Drew's journey to becoming a real estate investor.
  • [05:39] - Why self-storage is an attractive asset class.
  • [10:33] - How Drew finds deals in secondary and tertiary markets.
  • [12:09] - What makes investing today different from the past.
  • [14:45] - Why team building is important from an operational perspective.
  • [17:28] - How Pearson Partners serves investors.
  • [22:06] - The next big thing in real estate investing.
  • [27:11] - Drew's thoughts about vacancies.
  • [29:39] - What makes real estate an attractive investment.


Quotes

[06:25] - "The demand drivers for storage are death, divorce, and dislocation or moving. Those things happen in good times and in bad. Unlike an office tenant in a recession who needs to downsize his footprint, there is a need, regardless of economic times, for this storage type." ~ Drew Pearson

[16:11] - "People are the gas to the race car, and investment properties are the race cars. They need people to operate them." ~ Drew Pearson

[28:22] - "It's almost better to have a short-term lease in today's market. If the tenant's paying six bucks a foot and the market is now nine bucks a foot, it's beneficial to have a short-term lease as a landlord. We can restructure the lease or bring things back closer to market and get a better return." ~ Drew Pearson


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2209 no The Unforeseen Consequences of ESG Investing The focus on Environmental, Social, and Governance (ESG) investing has grown in recent years as more investors are looking to put their money into companies that align with their values. While this investment can positively impact the world, some unforeseen consequences come with it, especially in a tight supply chain.   In this episode, Greg and Doug talk about the recent updates on markets and economies. Focusing on the impact of the increased price of energy, they speak about the result of Europe's shift towards renewables, the unforeseen consequences of ESG investing, and the risks associated with ESG investing in a tight supply chain. Key Takeaways [00:34] - Recent updates on markets and economies. [04:46] - How the rising cost of electricity in Europe affects the global economy. [08:36] - Doug's thoughts on international and domestic market returns. [12:50] - Why investing in the US is still a better option. [14:31] - ESG investing and its unforeseen consequences. [18:58] - Why policymakers and investment committees need to revisit ESG guidelines. [22:15] - Risks associated with ESG investing in a tight supply chain. [24:07] - The impact of energy price increases on emerging economies. Quotes [16:56] - "There are these unforeseen consequences for many of these ideas that sound good in theory, like shifting to renewables. But there are potential causes and effects, like national defense concerns and what Europe is going through right now." - Greg Stokes [18:24] - "The whole collective idea behind renewables is fabulous, but the idea of getting ahead of yourself from a policy perspective is not prudent." - Greg Stokes [22:15] - "In good times, ESG seems great because you're not sacrificing anything. But in a supply chain crunch when energy is scarce and commodity investment has been low for a long period, those that didn't fall for the policy of the day are the ones that come out on top." - Doug Stokes Links  Charles Schwab Liz Ann Sonders Lawrence Hamtil UBS Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 06 Sep 2022 07:00:00 -0000 The Unforeseen Consequences of ESG Investing full 1 32 Stokes Family Office The focus on Environmental, Social, and Governance (ESG) investing has grown in recent years as more investors are looking to put their money into companies that align with their values. While this investment can positively impact the world, some unforeseen consequences come with it, especially in a tight supply chain.   In this episode, Greg and Doug talk about the recent updates on markets and economies. Focusing on the impact of the increased price of energy, they speak about the result of Europe's shift towards renewables, the unforeseen consequences of ESG investing, and the risks associated with ESG investing in a tight supply chain. Key Takeaways [00:34] - Recent updates on markets and economies. [04:46] - How the rising cost of electricity in Europe affects the global economy. [08:36] - Doug's thoughts on international and domestic market returns. [12:50] - Why investing in the US is still a better option. [14:31] - ESG investing and its unforeseen consequences. [18:58] - Why policymakers and investment committees need to revisit ESG guidelines. [22:15] - Risks associated with ESG investing in a tight supply chain. [24:07] - The impact of energy price increases on emerging economies. Quotes [16:56] - "There are these unforeseen consequences for many of these ideas that sound good in theory, like shifting to renewables. But there are potential causes and effects, like national defense concerns and what Europe is going through right now." - Greg Stokes [18:24] - "The whole collective idea behind renewables is fabulous, but the idea of getting ahead of yourself from a policy perspective is not prudent." - Greg Stokes [22:15] - "In good times, ESG seems great because you're not sacrificing anything. But in a supply chain crunch when energy is scarce and commodity investment has been low for a long period, those that didn't fall for the policy of the day are the ones that come out on top." - Doug Stokes Links  Charles Schwab Liz Ann Sonders Lawrence Hamtil UBS Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The focus on Environmental, Social, and Governance (ESG) investing has grown in recent years as more investors are looking to put their money into companies that align with their values. While this investment can positively impact the world, some unforeseen consequences come with it, especially in a tight supply chain.  

In this episode, Greg and Doug talk about the recent updates on markets and economies. Focusing on the impact of the increased price of energy, they speak about the result of Europe's shift towards renewables, the unforeseen consequences of ESG investing, and the risks associated with ESG investing in a tight supply chain.


Key Takeaways

  • [00:34] - Recent updates on markets and economies.
  • [04:46] - How the rising cost of electricity in Europe affects the global economy.
  • [08:36] - Doug's thoughts on international and domestic market returns.
  • [12:50] - Why investing in the US is still a better option.
  • [14:31] - ESG investing and its unforeseen consequences.
  • [18:58] - Why policymakers and investment committees need to revisit ESG guidelines.
  • [22:15] - Risks associated with ESG investing in a tight supply chain.
  • [24:07] - The impact of energy price increases on emerging economies.


Quotes

[16:56] - "There are these unforeseen consequences for many of these ideas that sound good in theory, like shifting to renewables. But there are potential causes and effects, like national defense concerns and what Europe is going through right now." - Greg Stokes

[18:24] - "The whole collective idea behind renewables is fabulous, but the idea of getting ahead of yourself from a policy perspective is not prudent." - Greg Stokes

[22:15] - "In good times, ESG seems great because you're not sacrificing anything. But in a supply chain crunch when energy is scarce and commodity investment has been low for a long period, those that didn't fall for the policy of the day are the ones that come out on top." - Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1622 no Inflation Trends and The Stock Market The stock market is often seen as a leading indicator of economic activity, with movements in share prices reflecting changes in underlying conditions. For this reason, analysts closely watch stock markets for clues about future inflation trends. While inflation has been one of the most feared economic events, periods of high inflation have often been followed by bear market rallies. What does this phenomenon mean, and how does it impact investors? In this episode, Greg and Doug talk about inflation trends, the bright side of all of the issues facing the U.S. and the international community, and the importance of time and quality assets in investing. Key Takeaways [00:21] - Recent trends in commodity prices. [01:50] - Inflation trends, CPI, and the price-earnings ratio. [06:12] - How U.S. stocks outperform international stocks. [08:39] - The bright side to all issues facing the U.S. and the international community. [13:49] - The importance of time in investing. [15:15] - How real estate investing is similar to stock investing. Quotes [03:55] - "Inflation has peaked and is coming down. Anything can happen in markets, but from a fair valuation perspective, we're at the average level currently." - Doug Stokes [10:00] - "If we look at every single bear market rally since 1929 and look at the best performance during that bear market before it declined even further, 2022 would be the absolute best." - Doug Stokes [21:04] - "Having these emotional swings based on the political news of the day and general market sentiment is one of the worst things you can do for your portfolio decision-making." - Doug Stokes Links  Crestmont Investments JP Morgan Jurrien Timmer Fidelity Investments Nautilus Capital Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 30 Aug 2022 07:00:00 -0000 Inflation Trends and The Stock Market full 1 31 Stokes Family Office The stock market is often seen as a leading indicator of economic activity, with movements in share prices reflecting changes in underlying conditions. For this reason, analysts closely watch stock markets for clues about future inflation trends. While inflation has been one of the most feared economic events, periods of high inflation have often been followed by bear market rallies. What does this phenomenon mean, and how does it impact investors? In this episode, Greg and Doug talk about inflation trends, the bright side of all of the issues facing the U.S. and the international community, and the importance of time and quality assets in investing. Key Takeaways [00:21] - Recent trends in commodity prices. [01:50] - Inflation trends, CPI, and the price-earnings ratio. [06:12] - How U.S. stocks outperform international stocks. [08:39] - The bright side to all issues facing the U.S. and the international community. [13:49] - The importance of time in investing. [15:15] - How real estate investing is similar to stock investing. Quotes [03:55] - "Inflation has peaked and is coming down. Anything can happen in markets, but from a fair valuation perspective, we're at the average level currently." - Doug Stokes [10:00] - "If we look at every single bear market rally since 1929 and look at the best performance during that bear market before it declined even further, 2022 would be the absolute best." - Doug Stokes [21:04] - "Having these emotional swings based on the political news of the day and general market sentiment is one of the worst things you can do for your portfolio decision-making." - Doug Stokes Links  Crestmont Investments JP Morgan Jurrien Timmer Fidelity Investments Nautilus Capital Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The stock market is often seen as a leading indicator of economic activity, with movements in share prices reflecting changes in underlying conditions. For this reason, analysts closely watch stock markets for clues about future inflation trends. While inflation has been one of the most feared economic events, periods of high inflation have often been followed by bear market rallies. What does this phenomenon mean, and how does it impact investors?

In this episode, Greg and Doug talk about inflation trends, the bright side of all of the issues facing the U.S. and the international community, and the importance of time and quality assets in investing.


Key Takeaways

  • [00:21] - Recent trends in commodity prices.
  • [01:50] - Inflation trends, CPI, and the price-earnings ratio.
  • [06:12] - How U.S. stocks outperform international stocks.
  • [08:39] - The bright side to all issues facing the U.S. and the international community.
  • [13:49] - The importance of time in investing.
  • [15:15] - How real estate investing is similar to stock investing.


Quotes

[03:55] - "Inflation has peaked and is coming down. Anything can happen in markets, but from a fair valuation perspective, we're at the average level currently." - Doug Stokes

[10:00] - "If we look at every single bear market rally since 1929 and look at the best performance during that bear market before it declined even further, 2022 would be the absolute best." - Doug Stokes

[21:04] - "Having these emotional swings based on the political news of the day and general market sentiment is one of the worst things you can do for your portfolio decision-making." - Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1408 no Debunking Market Myths What are the narratives in the market? Bullish or bearish? This is a question that is always on the mind of investors. The stock market is constantly bombarding investors with news, analysis, and commentary, and it can be overwhelming to try to make sense of it all. However, looking at the market narratives from a different perspective can give you a better understanding of what is happening in the market.  In today's episode, Greg and Doug debunk market myths. They explore the market narratives through a different lens by looking at the news, analyst opinions, and price action. Key Takeaways [02:15] - How the markets have rebounded recently. [06:16] - How the markets are doing better today than they have ever been. [08:57] - Why the current mortgage rate is unpleasant for homebuyers. [13:37] - What an inverted yield curve means from a market perspective. [18:34] - Why investing early in life is important. Quotes [06:57] - "Things are better now than they've ever been. From a short-term perspective, things have been looking a lot better. Inflation seems to have chilled out, and the latest inflation numbers were flat monthly." - Greg Stokes [07:51] - "Consumers are tapping into savings to fight inflation. On top of that, debt levels and delinquencies are rising." - Doug Stokes [15:23] - "Historically, a yield curve leads to a recession. And a recession is always accompanied by a negative market experience." - Doug Stokes [21:20] - "Invest early, invest often, be aggressive, and stick with the plan. If you do that for many decades, it will work out in your favor." -  Greg Stokes Links  You Can Make Any Piece of Data Look Bad If You Try Ten Global Trends Every Smart Person Should Know: And Many Others You Will Find Interesting Sam Ro Brian Portnoy Goldman Sachs  Santiago Capital  Vanguard Fidelity Investments Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 23 Aug 2022 07:00:00 -0000 Debunking Market Myths full 1 30 Stokes Family Office What are the narratives in the market? Bullish or bearish? This is a question that is always on the mind of investors. The stock market is constantly bombarding investors with news, analysis, and commentary, and it can be overwhelming to try to make sense of it all. However, looking at the market narratives from a different perspective can give you a better understanding of what is happening in the market.  In today's episode, Greg and Doug debunk market myths. They explore the market narratives through a different lens by looking at the news, analyst opinions, and price action. Key Takeaways [02:15] - How the markets have rebounded recently. [06:16] - How the markets are doing better today than they have ever been. [08:57] - Why the current mortgage rate is unpleasant for homebuyers. [13:37] - What an inverted yield curve means from a market perspective. [18:34] - Why investing early in life is important. Quotes [06:57] - "Things are better now than they've ever been. From a short-term perspective, things have been looking a lot better. Inflation seems to have chilled out, and the latest inflation numbers were flat monthly." - Greg Stokes [07:51] - "Consumers are tapping into savings to fight inflation. On top of that, debt levels and delinquencies are rising." - Doug Stokes [15:23] - "Historically, a yield curve leads to a recession. And a recession is always accompanied by a negative market experience." - Doug Stokes [21:20] - "Invest early, invest often, be aggressive, and stick with the plan. If you do that for many decades, it will work out in your favor." -  Greg Stokes Links  You Can Make Any Piece of Data Look Bad If You Try Ten Global Trends Every Smart Person Should Know: And Many Others You Will Find Interesting Sam Ro Brian Portnoy Goldman Sachs  Santiago Capital  Vanguard Fidelity Investments Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. What are the narratives in the market? Bullish or bearish? This is a question that is always on the mind of investors. The stock market is constantly bombarding investors with news, analysis, and commentary, and it can be overwhelming to try to make sense of it all. However, looking at the market narratives from a different perspective can give you a better understanding of what is happening in the market. 

In today's episode, Greg and Doug debunk market myths. They explore the market narratives through a different lens by looking at the news, analyst opinions, and price action.


Key Takeaways

  • [02:15] - How the markets have rebounded recently.
  • [06:16] - How the markets are doing better today than they have ever been.
  • [08:57] - Why the current mortgage rate is unpleasant for homebuyers.
  • [13:37] - What an inverted yield curve means from a market perspective.
  • [18:34] - Why investing early in life is important.


Quotes

[06:57] - "Things are better now than they've ever been. From a short-term perspective, things have been looking a lot better. Inflation seems to have chilled out, and the latest inflation numbers were flat monthly." - Greg Stokes

[07:51] - "Consumers are tapping into savings to fight inflation. On top of that, debt levels and delinquencies are rising." - Doug Stokes

[15:23] - "Historically, a yield curve leads to a recession. And a recession is always accompanied by a negative market experience." - Doug Stokes

[21:20] - "Invest early, invest often, be aggressive, and stick with the plan. If you do that for many decades, it will work out in your favor." -  Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1391 no Jamaul Ford: Combining Entrepreneurship With Service in New Orleans In this episode, Jamaul Ford, a serial entrepreneur in New Orleans who runs High Level Speech and Hearing Center with his wife, Dr. Lana Joseph-Ford, talks with Greg and Doug about launching a product-based business alongside a service-based venture, the R&D behind Jamaul and Lana’s product Jrumz, why culture is invaluable within big and small operations, and the challenges and opportunities associated with launching a business in New Orleans.      Key Takeaways [00:23] - A brief introduction to Jamaul. [00:46] - How High Level Speech and Hearing Center came to fruition.  [04:28] - What the High Level Speech & Hearing Center looks like today. [06:35] - Why Jamaul and Lana developed Jrumz.  [10:27] - Why Jrumz has a better sound quality than AirPods.  [11:55] - What challenges Jamaul and Lana overcame starting their business versus launching a consumer products company. [16:02] - How to transition from direct-to-consumer to retail outlets and distribution.  [17:55] - The R&D process behind Jrumz.  [20:54] - What Jamaul is developing at Joseph Ford Enterprises.  [23:03] - How Jamaul, Doug, and Greg have experienced running a business in New Orleans and how they believe New Orleans can prosper.  Quotes [06:55] - “Most people don’t know this: as an entrepreneur, what we are, we are problem solvers, we typically identify what the problem is and try to come up with a solution.” ~ Jamaul Ford [15:21] - “Being product-based is really about building community. And when you’re trying to build community, it’s more or less like building people [who] are zealots of your product that are going to go out and tell other people. As much marketing, Facebook advertisement, these things you can do, still word of mouth is always going to be the thing that’s really going to push your product to the next level.” ~ Jamaul Ford [23:32] - “When it comes to building businesses in New Orleans, I really believe that you have to know the city, you have to know the needs of the city, know the people of the city, to know what to provide for the people of the city.” ~ Jamaul Ford [24:04] - “I do believe personally that it is important to master something in New Orleans and then transition it to the masses.” ~ Jamaul Ford Links  Jamaul Ford Dr. Lana Ford High Level Speech & Hearing Center  Jrumz Ear Wear Nicholls State University Xavier University  Waffle House  East Jefferson General Hospital Washington University in St. Louis AirPods  Target Best Buy Walmart  Facebook Walt Disney World Covington Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 16 Aug 2022 07:00:00 -0000 Jamaul Ford: Combining Entrepreneurship With Service in New Orleans full 1 29 Stokes Family Office In this episode, Jamaul Ford, a serial entrepreneur in New Orleans who runs High Level Speech and Hearing Center with his wife, Dr. Lana Joseph-Ford, talks with Greg and Doug about launching a product-based business alongside a service-based venture, the R&D behind Jamaul and Lana’s product Jrumz, why culture is invaluable within big and small operations, and the challenges and opportunities associated with launching a business in New Orleans.      Key Takeaways [00:23] - A brief introduction to Jamaul. [00:46] - How High Level Speech and Hearing Center came to fruition.  [04:28] - What the High Level Speech & Hearing Center looks like today. [06:35] - Why Jamaul and Lana developed Jrumz.  [10:27] - Why Jrumz has a better sound quality than AirPods.  [11:55] - What challenges Jamaul and Lana overcame starting their business versus launching a consumer products company. [16:02] - How to transition from direct-to-consumer to retail outlets and distribution.  [17:55] - The R&D process behind Jrumz.  [20:54] - What Jamaul is developing at Joseph Ford Enterprises.  [23:03] - How Jamaul, Doug, and Greg have experienced running a business in New Orleans and how they believe New Orleans can prosper.  Quotes [06:55] - “Most people don’t know this: as an entrepreneur, what we are, we are problem solvers, we typically identify what the problem is and try to come up with a solution.” ~ Jamaul Ford [15:21] - “Being product-based is really about building community. And when you’re trying to build community, it’s more or less like building people [who] are zealots of your product that are going to go out and tell other people. As much marketing, Facebook advertisement, these things you can do, still word of mouth is always going to be the thing that’s really going to push your product to the next level.” ~ Jamaul Ford [23:32] - “When it comes to building businesses in New Orleans, I really believe that you have to know the city, you have to know the needs of the city, know the people of the city, to know what to provide for the people of the city.” ~ Jamaul Ford [24:04] - “I do believe personally that it is important to master something in New Orleans and then transition it to the masses.” ~ Jamaul Ford Links  Jamaul Ford Dr. Lana Ford High Level Speech & Hearing Center  Jrumz Ear Wear Nicholls State University Xavier University  Waffle House  East Jefferson General Hospital Washington University in St. Louis AirPods  Target Best Buy Walmart  Facebook Walt Disney World Covington Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Jamaul Ford, a serial entrepreneur in New Orleans who runs High Level Speech and Hearing Center with his wife, Dr. Lana Joseph-Ford, talks with Greg and Doug about launching a product-based business alongside a service-based venture, the R&D behind Jamaul and Lana’s product Jrumz, why culture is invaluable within big and small operations, and the challenges and opportunities associated with launching a business in New Orleans.     


Key Takeaways

  • [00:23] - A brief introduction to Jamaul.
  • [00:46] - How High Level Speech and Hearing Center came to fruition. 
  • [04:28] - What the High Level Speech & Hearing Center looks like today.
  • [06:35] - Why Jamaul and Lana developed Jrumz. 
  • [10:27] - Why Jrumz has a better sound quality than AirPods. 
  • [11:55] - What challenges Jamaul and Lana overcame starting their business versus launching a consumer products company.
  • [16:02] - How to transition from direct-to-consumer to retail outlets and distribution. 
  • [17:55] - The R&D process behind Jrumz. 
  • [20:54] - What Jamaul is developing at Joseph Ford Enterprises. 
  • [23:03] - How Jamaul, Doug, and Greg have experienced running a business in New Orleans and how they believe New Orleans can prosper. 


Quotes

[06:55] - “Most people don’t know this: as an entrepreneur, what we are, we are problem solvers, we typically identify what the problem is and try to come up with a solution.” ~ Jamaul Ford

[15:21] - “Being product-based is really about building community. And when you’re trying to build community, it’s more or less like building people [who] are zealots of your product that are going to go out and tell other people. As much marketing, Facebook advertisement, these things you can do, still word of mouth is always going to be the thing that’s really going to push your product to the next level.” ~ Jamaul Ford

[23:32] - “When it comes to building businesses in New Orleans, I really believe that you have to know the city, you have to know the needs of the city, know the people of the city, to know what to provide for the people of the city.” ~ Jamaul Ford

[24:04] - “I do believe personally that it is important to master something in New Orleans and then transition it to the masses.” ~ Jamaul Ford


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2110 no Predicting Our Economic Future This week, Doug and Greg discuss the confusing state of today’s economy, their predictions for economic growth and recovery years down the line, how the Feds can successfully avoid an economic recession, which parts of today’s inflation might stick around, and what you can control financially in a time of mass financial uncertainty. Key Takeaways [00:22] - What Greg’s thoughts are on Lisbon, Portugal vs. Madrid living. [03:55] - Are we in a recession or not?  [08:31] - What the economy may look like one year from today. [13:24] - How to translate recent earnings reports.  Quotes [04:45] - “The economy and the markets are two distinct things. The economy might be in a situation where it’s in a recession but the markets typically are forward-looking.” ~ Greg Stokes [15:20] - “If [the Feds] can somehow figure out a way to have a soft landing, which is what they’re trying to do by slowing down the economy, slowing down spending without causing a recession, I think that would be a pretty admirable result.” ~ Greg Stokes [19:51] - “If you’re not confused about what’s going on in the economy right now, then you really don’t know anything about economics is a way to think about it. Because this is a completely unprecedented period.” ~ Doug Stokes Links  Spending, Statistics, and Why Midterms Matter Mortgage News Daily J.P. Morgan’s Guide to the Markets Walmart Q22 Earnings Amazon Q22 Earnings Bill Ackman Jerome Powell  The Wall Street Journal  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 09 Aug 2022 07:00:00 -0000 Predicting Our Economic Future full 1 28 Stokes Family Office This week, Doug and Greg discuss the confusing state of today’s economy, their predictions for economic growth and recovery years down the line, how the Feds can successfully avoid an economic recession, which parts of today’s inflation might stick around, and what you can control financially in a time of mass financial uncertainty. Key Takeaways [00:22] - What Greg’s thoughts are on Lisbon, Portugal vs. Madrid living. [03:55] - Are we in a recession or not?  [08:31] - What the economy may look like one year from today. [13:24] - How to translate recent earnings reports.  Quotes [04:45] - “The economy and the markets are two distinct things. The economy might be in a situation where it’s in a recession but the markets typically are forward-looking.” ~ Greg Stokes [15:20] - “If [the Feds] can somehow figure out a way to have a soft landing, which is what they’re trying to do by slowing down the economy, slowing down spending without causing a recession, I think that would be a pretty admirable result.” ~ Greg Stokes [19:51] - “If you’re not confused about what’s going on in the economy right now, then you really don’t know anything about economics is a way to think about it. Because this is a completely unprecedented period.” ~ Doug Stokes Links  Spending, Statistics, and Why Midterms Matter Mortgage News Daily J.P. Morgan’s Guide to the Markets Walmart Q22 Earnings Amazon Q22 Earnings Bill Ackman Jerome Powell  The Wall Street Journal  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week, Doug and Greg discuss the confusing state of today’s economy, their predictions for economic growth and recovery years down the line, how the Feds can successfully avoid an economic recession, which parts of today’s inflation might stick around, and what you can control financially in a time of mass financial uncertainty.


Key Takeaways

  • [00:22] - What Greg’s thoughts are on Lisbon, Portugal vs. Madrid living.
  • [03:55] - Are we in a recession or not? 
  • [08:31] - What the economy may look like one year from today.
  • [13:24] - How to translate recent earnings reports. 


Quotes

[04:45] - “The economy and the markets are two distinct things. The economy might be in a situation where it’s in a recession but the markets typically are forward-looking.” ~ Greg Stokes

[15:20] - “If [the Feds] can somehow figure out a way to have a soft landing, which is what they’re trying to do by slowing down the economy, slowing down spending without causing a recession, I think that would be a pretty admirable result.” ~ Greg Stokes

[19:51] - “If you’re not confused about what’s going on in the economy right now, then you really don’t know anything about economics is a way to think about it. Because this is a completely unprecedented period.” ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1423 no Spending, Statistics, and Why Midterms Matter This week, Doug and Greg discuss how consumers and big business are responding to sky-high inflation, which income bracket is struggling the hardest and which brands are selling out faster, the bright side to a recession in vibes, why midterms matter, and why despite it all, the market is up.  Key Takeaways [00:16] - What inflation means for consumer spending and where prices have (surprisingly) gone down.  [05:29] - Why despite the constant bad news, the market is looking up. [15:12] - A guessing game for Greg.  [19:54] - Why midterm years matter.  Quotes [10:00] - “Things are bad, but the market ebbs and flows and generally overcorrects on the downside and overcorrects on the upside, and people that stick with a game plan end up working out.” ~ Doug Stokes [10:16] - “One of our clients told me one time that things are never as good or as bad as they seem. And you’re right, things have seemed very bad lately.” ~ Greg Stokes [13:39] - “I’m optimistic on the future and I think that if you extend your time or horizon long enough and if you look at prior data after the declines that we’ve seen recently, usually it’s a setup for a positive outlook going forward.” ~ Doug Stokes Links  Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers The Upper Middle Class is Getting Squeezed Busch Light Keystone Light  Walmart  WCI Shanghai To Los Angeles Shipping Index  Understanding America’s History and Modern Markets AT&T Quarterly Earnings Report  BlackRock July 2022 Highlights Consumer Confidence Falls Again in June FiveThirtyEight New Orleans Saints New Orleans Pelicans  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 02 Aug 2022 07:00:00 -0000 Spending, Statistics, and Why Midterms Matter full 1 27 Stokes Family Office This week, Doug and Greg discuss how consumers and big business are responding to sky-high inflation, which income bracket is struggling the hardest and which brands are selling out faster, the bright side to a recession in vibes, why midterms matter, and why despite it all, the market is up.  Key Takeaways [00:16] - What inflation means for consumer spending and where prices have (surprisingly) gone down.  [05:29] - Why despite the constant bad news, the market is looking up. [15:12] - A guessing game for Greg.  [19:54] - Why midterm years matter.  Quotes [10:00] - “Things are bad, but the market ebbs and flows and generally overcorrects on the downside and overcorrects on the upside, and people that stick with a game plan end up working out.” ~ Doug Stokes [10:16] - “One of our clients told me one time that things are never as good or as bad as they seem. And you’re right, things have seemed very bad lately.” ~ Greg Stokes [13:39] - “I’m optimistic on the future and I think that if you extend your time or horizon long enough and if you look at prior data after the declines that we’ve seen recently, usually it’s a setup for a positive outlook going forward.” ~ Doug Stokes Links  Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers The Upper Middle Class is Getting Squeezed Busch Light Keystone Light  Walmart  WCI Shanghai To Los Angeles Shipping Index  Understanding America’s History and Modern Markets AT&T Quarterly Earnings Report  BlackRock July 2022 Highlights Consumer Confidence Falls Again in June FiveThirtyEight New Orleans Saints New Orleans Pelicans  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week, Doug and Greg discuss how consumers and big business are responding to sky-high inflation, which income bracket is struggling the hardest and which brands are selling out faster, the bright side to a recession in vibes, why midterms matter, and why despite it all, the market is up. 


Key Takeaways

  • [00:16] - What inflation means for consumer spending and where prices have (surprisingly) gone down. 
  • [05:29] - Why despite the constant bad news, the market is looking up.
  • [15:12] - A guessing game for Greg. 
  • [19:54] - Why midterm years matter. 


Quotes

[10:00] - “Things are bad, but the market ebbs and flows and generally overcorrects on the downside and overcorrects on the upside, and people that stick with a game plan end up working out.” ~ Doug Stokes

[10:16] - “One of our clients told me one time that things are never as good or as bad as they seem. And you’re right, things have seemed very bad lately.” ~ Greg Stokes

[13:39] - “I’m optimistic on the future and I think that if you extend your time or horizon long enough and if you look at prior data after the declines that we’ve seen recently, usually it’s a setup for a positive outlook going forward.” ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1587 no Positivity and Problem Solving with Richard Chen This week, Richard Chen talks with Doug and Greg Stokes about overcoming obstacles and becoming a successful attorney, what the ultimate value-add is for both Rich and the advisors he serves, what prompted Rich to launch his own firm, and how Rich experiences life to the fullest without eyesight.  Key Takeaways [01:12] - A brief introduction to Rich.  [03:48] - Rich’s journey with sight. [04:44] - How Rich operates a law firm without sight.  [06:15] - How Rich remained competitive in school and his field despite physical disadvantages.  [07:50] - What life is like in the Azores.  [08:35] - Where Rich likes to travel and his day-to-day rec routine.  [10:32] - A typical day in the life of Rich Chen.  [11:58] - Why Rich launched his own firm.  [13:54] - How Rich perceives natural beauty without physical sight. [16:03] - What country transformed Rich’s perspective.  [17:36] - What values are most important to Rich.  Quotes [03:34] - “It’s a real privilege to be able to serve RIAs and to really help them grow their business.” ~ Richard Chen [07:11] - “To this day I can’t recall ever thinking, ‘I can’t do this.’” ~ Richard Chen [15:42] - “Life is too short to focus on what you can’t do and what you can’t experience. There are so many things out there to experience that it’s better just to look forward to what you can do and the possibilities out there.” ~ Richard Chen [20:11] - “Humility is so important because there’s always something we can learn from everybody. I always try to take that attitude.”~ Richard Chen Links  Richard Chen Richard L. Chen PLLC Text-to-speech output  Creating Financial and Humanitarian Change with Jonathan Shafer Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 26 Jul 2022 07:00:00 -0000 Positivity and Problem Solving with Richard Chen full 1 26 Stokes Family Office This week, Richard Chen talks with Doug and Greg Stokes about overcoming obstacles and becoming a successful attorney, what the ultimate value-add is for both Rich and the advisors he serves, what prompted Rich to launch his own firm, and how Rich experiences life to the fullest without eyesight.  Key Takeaways [01:12] - A brief introduction to Rich.  [03:48] - Rich’s journey with sight. [04:44] - How Rich operates a law firm without sight.  [06:15] - How Rich remained competitive in school and his field despite physical disadvantages.  [07:50] - What life is like in the Azores.  [08:35] - Where Rich likes to travel and his day-to-day rec routine.  [10:32] - A typical day in the life of Rich Chen.  [11:58] - Why Rich launched his own firm.  [13:54] - How Rich perceives natural beauty without physical sight. [16:03] - What country transformed Rich’s perspective.  [17:36] - What values are most important to Rich.  Quotes [03:34] - “It’s a real privilege to be able to serve RIAs and to really help them grow their business.” ~ Richard Chen [07:11] - “To this day I can’t recall ever thinking, ‘I can’t do this.’” ~ Richard Chen [15:42] - “Life is too short to focus on what you can’t do and what you can’t experience. There are so many things out there to experience that it’s better just to look forward to what you can do and the possibilities out there.” ~ Richard Chen [20:11] - “Humility is so important because there’s always something we can learn from everybody. I always try to take that attitude.”~ Richard Chen Links  Richard Chen Richard L. Chen PLLC Text-to-speech output  Creating Financial and Humanitarian Change with Jonathan Shafer Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week, Richard Chen talks with Doug and Greg Stokes about overcoming obstacles and becoming a successful attorney, what the ultimate value-add is for both Rich and the advisors he serves, what prompted Rich to launch his own firm, and how Rich experiences life to the fullest without eyesight. 


Key Takeaways

  • [01:12] - A brief introduction to Rich. 
  • [03:48] - Rich’s journey with sight.
  • [04:44] - How Rich operates a law firm without sight. 
  • [06:15] - How Rich remained competitive in school and his field despite physical disadvantages. 
  • [07:50] - What life is like in the Azores. 
  • [08:35] - Where Rich likes to travel and his day-to-day rec routine. 
  • [10:32] - A typical day in the life of Rich Chen. 
  • [11:58] - Why Rich launched his own firm. 
  • [13:54] - How Rich perceives natural beauty without physical sight.
  • [16:03] - What country transformed Rich’s perspective. 
  • [17:36] - What values are most important to Rich. 


Quotes

[03:34] - “It’s a real privilege to be able to serve RIAs and to really help them grow their business.” ~ Richard Chen

[07:11] - “To this day I can’t recall ever thinking, ‘I can’t do this.’” ~ Richard Chen

[15:42] - “Life is too short to focus on what you can’t do and what you can’t experience. There are so many things out there to experience that it’s better just to look forward to what you can do and the possibilities out there.” ~ Richard Chen

[20:11] - “Humility is so important because there’s always something we can learn from everybody. I always try to take that attitude.”~ Richard Chen


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1331 no Optics, Opportunity, and the Stock-Based Psyche This week, Doug Stokes and Greg Stokes discuss the state of corporate America, why stock-based investors should treat dividends like rent, the fluctuation of global currency, and why the Federal Reserve is stoking your recession-based fears.  Key Takeaways [00:31] - What to make of the dividends increase per share versus price increase per share.  [05:15] - What the current housing market means for a potential recession.  [08:42] - Why it feels like a recession is approaching. [11:39] - The implications, opportunities, and root causes of the decline in value of European currency.  Quotes [02:06] - “If you were a real estate investor, even though the value of your property was down you probably didn’t know it. If your rents were up 14% over the last twelve months – you wouldn’t really care what the actual value of the property was. The same thing should apply to stock-based investing. In the case of dividends appreciating by 14%, even though the value has fluctuated, and fluctuated negatively, over the last twelve months, your ‘rents’ or your dividends are up 14%. ” ~ Greg Stokes [04:45] - “In essence, if you buy in great companies that have pricing power and are able to pass through increased costs to their customers and then increase the dividends paid to you, that’s something to treat like a piece of property and collect your rents, your increased rents, year over year.” ~ Doug Stokes [11:29] - “Whether there’s a recession or not, it seems like the best place to be is in the U.S. markets currently. We’re actually seeing that in currency movements.” ~ Doug Stokes Links  Charlie Bilello Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic (Redfin) The Organic Food Hoax (Hoover Institution) Le Figaro Lagniappe: Understanding Argentinian Markets with Santiago Solanet Fidelity Charles Schwab Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 19 Jul 2022 07:00:00 -0000 Optics, Opportunity, and the Stock-Based Psyche full 1 25 Stokes Family Office This week, Doug Stokes and Greg Stokes discuss the state of corporate America, why stock-based investors should treat dividends like rent, the fluctuation of global currency, and why the Federal Reserve is stoking your recession-based fears.  Key Takeaways [00:31] - What to make of the dividends increase per share versus price increase per share.  [05:15] - What the current housing market means for a potential recession.  [08:42] - Why it feels like a recession is approaching. [11:39] - The implications, opportunities, and root causes of the decline in value of European currency.  Quotes [02:06] - “If you were a real estate investor, even though the value of your property was down you probably didn’t know it. If your rents were up 14% over the last twelve months – you wouldn’t really care what the actual value of the property was. The same thing should apply to stock-based investing. In the case of dividends appreciating by 14%, even though the value has fluctuated, and fluctuated negatively, over the last twelve months, your ‘rents’ or your dividends are up 14%. ” ~ Greg Stokes [04:45] - “In essence, if you buy in great companies that have pricing power and are able to pass through increased costs to their customers and then increase the dividends paid to you, that’s something to treat like a piece of property and collect your rents, your increased rents, year over year.” ~ Doug Stokes [11:29] - “Whether there’s a recession or not, it seems like the best place to be is in the U.S. markets currently. We’re actually seeing that in currency movements.” ~ Doug Stokes Links  Charlie Bilello Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic (Redfin) The Organic Food Hoax (Hoover Institution) Le Figaro Lagniappe: Understanding Argentinian Markets with Santiago Solanet Fidelity Charles Schwab Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week, Doug Stokes and Greg Stokes discuss the state of corporate America, why stock-based investors should treat dividends like rent, the fluctuation of global currency, and why the Federal Reserve is stoking your recession-based fears. 


Key Takeaways

  • [00:31] - What to make of the dividends increase per share versus price increase per share. 
  • [05:15] - What the current housing market means for a potential recession. 
  • [08:42] - Why it feels like a recession is approaching.
  • [11:39] - The implications, opportunities, and root causes of the decline in value of European currency. 


Quotes

[02:06] - “If you were a real estate investor, even though the value of your property was down you probably didn’t know it. If your rents were up 14% over the last twelve months – you wouldn’t really care what the actual value of the property was. The same thing should apply to stock-based investing. In the case of dividends appreciating by 14%, even though the value has fluctuated, and fluctuated negatively, over the last twelve months, your ‘rents’ or your dividends are up 14%. ” ~ Greg Stokes

[04:45] - “In essence, if you buy in great companies that have pricing power and are able to pass through increased costs to their customers and then increase the dividends paid to you, that’s something to treat like a piece of property and collect your rents, your increased rents, year over year.” ~ Doug Stokes

[11:29] - “Whether there’s a recession or not, it seems like the best place to be is in the U.S. markets currently. We’re actually seeing that in currency movements.” ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1582 no Understanding America’s History and Modern Markets This week, Doug Stokes and Greg Stokes discuss the unique and successful American experiment, what’s going on with the U.S. housing market, when inflation will eventually end, and what they believe is an even bigger issue than inflation itself.  Key Takeaways [00:47] - What the American experiment (and America itself) means to Greg and Doug. [10:51] - The state of the U.S. housing market. [16:15] - What Doug believes inflation will look like one to two years from now.  [18:48] - When will this bear market end?  [21:07] - What’s priced into the market, what the market believes will happen, and what Greg thinks will actually happen coming out of this period.  Quotes [13:18] - “The last major recession was a housing-led recession and a housing crisis which led to a global financial crisis. And I think people are looking for the same signs of cracks in the system in housing and I don’t think that’s necessarily the case. I think this is probably a manufactured slowdown in housing.” ~ Doug Stokes [17:29] “I really don’t see high inflation for long periods of time. I’m not considering that as a high probability outcome although it could be the case. I think the more scary situation is that the federal reserve overshoots its raising rates to the point where it pushes the economy into a recession.” ~ Doug Stokes [18:55] ~ “The comforting thing to me is that it will eventually end. This market will eventually turn into a bull market and I think that there are some psychological aspects to it as well that I think are promising. But also from just a historical timing standpoint, the average bear market lasts about six months.” ~ Greg Stokes Links  Bill McBride  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 12 Jul 2022 07:00:00 -0000 Understanding America’s History and Modern Markets full 1 24 Stokes Family Office This week, Doug Stokes and Greg Stokes discuss the unique and successful American experiment, what’s going on with the U.S. housing market, when inflation will eventually end, and what they believe is an even bigger issue than inflation itself.  Key Takeaways [00:47] - What the American experiment (and America itself) means to Greg and Doug. [10:51] - The state of the U.S. housing market. [16:15] - What Doug believes inflation will look like one to two years from now.  [18:48] - When will this bear market end?  [21:07] - What’s priced into the market, what the market believes will happen, and what Greg thinks will actually happen coming out of this period.  Quotes [13:18] - “The last major recession was a housing-led recession and a housing crisis which led to a global financial crisis. And I think people are looking for the same signs of cracks in the system in housing and I don’t think that’s necessarily the case. I think this is probably a manufactured slowdown in housing.” ~ Doug Stokes [17:29] “I really don’t see high inflation for long periods of time. I’m not considering that as a high probability outcome although it could be the case. I think the more scary situation is that the federal reserve overshoots its raising rates to the point where it pushes the economy into a recession.” ~ Doug Stokes [18:55] ~ “The comforting thing to me is that it will eventually end. This market will eventually turn into a bull market and I think that there are some psychological aspects to it as well that I think are promising. But also from just a historical timing standpoint, the average bear market lasts about six months.” ~ Greg Stokes Links  Bill McBride  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. This week, Doug Stokes and Greg Stokes discuss the unique and successful American experiment, what’s going on with the U.S. housing market, when inflation will eventually end, and what they believe is an even bigger issue than inflation itself. 


Key Takeaways

  • [00:47] - What the American experiment (and America itself) means to Greg and Doug.
  • [10:51] - The state of the U.S. housing market.
  • [16:15] - What Doug believes inflation will look like one to two years from now. 
  • [18:48] - When will this bear market end? 
  • [21:07] - What’s priced into the market, what the market believes will happen, and what Greg thinks will actually happen coming out of this period. 


Quotes

[13:18] - “The last major recession was a housing-led recession and a housing crisis which led to a global financial crisis. And I think people are looking for the same signs of cracks in the system in housing and I don’t think that’s necessarily the case. I think this is probably a manufactured slowdown in housing.” ~ Doug Stokes

[17:29] “I really don’t see high inflation for long periods of time. I’m not considering that as a high probability outcome although it could be the case. I think the more scary situation is that the federal reserve overshoots its raising rates to the point where it pushes the economy into a recession.” ~ Doug Stokes

[18:55] ~ “The comforting thing to me is that it will eventually end. This market will eventually turn into a bull market and I think that there are some psychological aspects to it as well that I think are promising. But also from just a historical timing standpoint, the average bear market lasts about six months.” ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1608 no Creating Financial and Humanitarian Change with Jonathan Shafer In 2008, as a recession raged on in America, Jonathan Shafer believed it was time to make a difference elsewhere. After meeting a family searching for someone to launch an investment strategy company in West Africa, Jonathan jumped on the opportunity. Planning to be in Africa for only one year, Jonathan and his family ended up staying for seven years. Despite its challenges, Jonathan saw tremendous opportunity in Africa, both financially and through humanitarian work. Given that 600 million people in Africa don’t have access to power, investing in renewable energy became Jonathan’s primary focus, creating flourishing financial returns as well as a powerful impact on the lives of native civilians.  Today, Jonathan’s efforts in Africa total more than $215 million of invested capital, and include ventures such as Fortis Green Renewables, a firm investing in renewable energy assets throughout Sub-Saharan Africa, and CommonGood Capital, a financial services company focused on global values-based investments. In this episode, Jonathan talks with Doug and Greg about why Africa has incredible opportunities for both financial investments and powerful humanitarian change, the impact alternative power sources can have on the quality of life in Africa, the risks of developing hydropower in Africa versus elsewhere, and what life is like in Kigali, Rwanda.  Key Takeaways [01:13] - Why Jonathan and his family moved to Rwanda.  [06:53] - What it’s like to live in Rwanda.  [10:22] - How Kigali’s international reputation is evolving. [11:58] - The mission behind Fortis Green Renewables.  [15:36] - What power source Jonathan focuses on. [19:38] - How the risks of developing hydropower in Africa differ from the risks of developing renewable energy elsewhere.  [21:52] - How bureaucratic obstacles differ in Africa versus the United States.  [25:38] - How Jonathan considers potential contract disputes. [29:31] - What major themes and investment opportunities exist in Africa besides power.  [34:32] - The altruistic benefits of investing in power across developing regions.  [39:06] - What the return difference is between infrastructure investment projects in Rwanda versus the United  States.  [40:37] - What visitors should see in Rwanda.  Quotes [04:05] - “It was really this desire back in 2008 to use my skill set to make a difference in the world. How do I use the talents that I have and the skills that I’ve acquired to not just go build orphanages and not just go build schools, but how do we use business as a tool to really make an impact on people’s lives?” ~ Jonathan Shafer [32:43] - “When we look at the world, when we look at emerging markets in terms of where do we think the most potential for long-term growth is, we look at Africa. I think the challenge is you have to pick those segments of the market at the right time.” ~ Jonathan Shafer [34:48] - “I have very little, let’s just say no interest,  in making money for the sake of making money. Money is important. Money matters. But, for me personally, I only want to be involved with things that a) make money, that’s a given, but then have the potential to have a positive impact on people’s lives.” ~ Jonathan Shafer Links  Jonathan Shafer Fotis Green Renewables CommonGood Capital Yale School of Management Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 05 Jul 2022 07:00:00 -0000 Creating Financial and Humanitarian Change with Jonathan Shafer full 1 23 Stokes Family Office In 2008, as a recession raged on in America, Jonathan Shafer believed it was time to make a difference elsewhere. After meeting a family searching for someone to launch an investment strategy company in West Africa, Jonathan jumped on the opportunity. Planning to be in Africa for only one year, Jonathan and his family ended up staying for seven years. Despite its challenges, Jonathan saw tremendous opportunity in Africa, both financially and through humanitarian work. Given that 600 million people in Africa don’t have access to power, investing in renewable energy became Jonathan’s primary focus, creating flourishing financial returns as well as a powerful impact on the lives of native civilians.  Today, Jonathan’s efforts in Africa total more than $215 million of invested capital, and include ventures such as Fortis Green Renewables, a firm investing in renewable energy assets throughout Sub-Saharan Africa, and CommonGood Capital, a financial services company focused on global values-based investments. In this episode, Jonathan talks with Doug and Greg about why Africa has incredible opportunities for both financial investments and powerful humanitarian change, the impact alternative power sources can have on the quality of life in Africa, the risks of developing hydropower in Africa versus elsewhere, and what life is like in Kigali, Rwanda.  Key Takeaways [01:13] - Why Jonathan and his family moved to Rwanda.  [06:53] - What it’s like to live in Rwanda.  [10:22] - How Kigali’s international reputation is evolving. [11:58] - The mission behind Fortis Green Renewables.  [15:36] - What power source Jonathan focuses on. [19:38] - How the risks of developing hydropower in Africa differ from the risks of developing renewable energy elsewhere.  [21:52] - How bureaucratic obstacles differ in Africa versus the United States.  [25:38] - How Jonathan considers potential contract disputes. [29:31] - What major themes and investment opportunities exist in Africa besides power.  [34:32] - The altruistic benefits of investing in power across developing regions.  [39:06] - What the return difference is between infrastructure investment projects in Rwanda versus the United  States.  [40:37] - What visitors should see in Rwanda.  Quotes [04:05] - “It was really this desire back in 2008 to use my skill set to make a difference in the world. How do I use the talents that I have and the skills that I’ve acquired to not just go build orphanages and not just go build schools, but how do we use business as a tool to really make an impact on people’s lives?” ~ Jonathan Shafer [32:43] - “When we look at the world, when we look at emerging markets in terms of where do we think the most potential for long-term growth is, we look at Africa. I think the challenge is you have to pick those segments of the market at the right time.” ~ Jonathan Shafer [34:48] - “I have very little, let’s just say no interest,  in making money for the sake of making money. Money is important. Money matters. But, for me personally, I only want to be involved with things that a) make money, that’s a given, but then have the potential to have a positive impact on people’s lives.” ~ Jonathan Shafer Links  Jonathan Shafer Fotis Green Renewables CommonGood Capital Yale School of Management Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In 2008, as a recession raged on in America, Jonathan Shafer believed it was time to make a difference elsewhere. After meeting a family searching for someone to launch an investment strategy company in West Africa, Jonathan jumped on the opportunity. Planning to be in Africa for only one year, Jonathan and his family ended up staying for seven years.

Despite its challenges, Jonathan saw tremendous opportunity in Africa, both financially and through humanitarian work. Given that 600 million people in Africa don’t have access to power, investing in renewable energy became Jonathan’s primary focus, creating flourishing financial returns as well as a powerful impact on the lives of native civilians. 

Today, Jonathan’s efforts in Africa total more than $215 million of invested capital, and include ventures such as Fortis Green Renewables, a firm investing in renewable energy assets throughout Sub-Saharan Africa, and CommonGood Capital, a financial services company focused on global values-based investments.

In this episode, Jonathan talks with Doug and Greg about why Africa has incredible opportunities for both financial investments and powerful humanitarian change, the impact alternative power sources can have on the quality of life in Africa, the risks of developing hydropower in Africa versus elsewhere, and what life is like in Kigali, Rwanda. 


Key Takeaways

  • [01:13] - Why Jonathan and his family moved to Rwanda. 
  • [06:53] - What it’s like to live in Rwanda. 
  • [10:22] - How Kigali’s international reputation is evolving.
  • [11:58] - The mission behind Fortis Green Renewables. 
  • [15:36] - What power source Jonathan focuses on.
  • [19:38] - How the risks of developing hydropower in Africa differ from the risks of developing renewable energy elsewhere. 
  • [21:52] - How bureaucratic obstacles differ in Africa versus the United States. 
  • [25:38] - How Jonathan considers potential contract disputes.
  • [29:31] - What major themes and investment opportunities exist in Africa besides power. 
  • [34:32] - The altruistic benefits of investing in power across developing regions. 
  • [39:06] - What the return difference is between infrastructure investment projects in Rwanda versus the United  States. 
  • [40:37] - What visitors should see in Rwanda. 


Quotes

[04:05] - “It was really this desire back in 2008 to use my skill set to make a difference in the world. How do I use the talents that I have and the skills that I’ve acquired to not just go build orphanages and not just go build schools, but how do we use business as a tool to really make an impact on people’s lives?” ~ Jonathan Shafer

[32:43] - “When we look at the world, when we look at emerging markets in terms of where do we think the most potential for long-term growth is, we look at Africa. I think the challenge is you have to pick those segments of the market at the right time.” ~ Jonathan Shafer

[34:48] - “I have very little, let’s just say no interest,  in making money for the sake of making money. Money is important. Money matters. But, for me personally, I only want to be involved with things that a) make money, that’s a given, but then have the potential to have a positive impact on people’s lives.” ~ Jonathan Shafer


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2612 no Funding Contentment with Brian Portnoy The happiness and contentment we feel surrounding money doesn’t end with the number in our bank account. Take it from Brian Portnoy, founder of Shaping Wealth, a financial wellness company that helps clients make smarter financial moves. Brian understands the psychology behind financial decisions as much as he does the strategy behind investment. For instance, as human beings, we instinctively compare ourselves to others, seeking comfort in status and discomfort when our social media is flooded with 18-year-old billionaires rich off crypto. But how can we learn to mute the comparison triggers all around us? And why do growth-focused goals keep us grounded?  Brian talks with Doug and Greg about navigating the comparison landscape, why money is still taboo, why unlimited freedom has led to increased paralysis, and the difference between being rich and being wealthy. Key Takeaways [00:17] - An introduction to Brian.  [01:11] - Why Brian believes money is a taboo subject. [02:32] - Does insecurity around discussing money correlate with general financial insecurity? [04:27] - Why social media has decreased society’s contentment surrounding their finances.  [07:52] - The dangers of comparison and Brian’s perspective on differing financial priorities amongst generations.  [12:04] - How Brian approaches goal-setting and disciplined progress. [19:23] - The power of purpose.  [21:31] - How to live a meaningful life and spend accordingly.  [26:28] - How investors can stay grounded amidst a volatile world and a volatile market.   Quotes [06:12] - “There’s a quote I love from J.P. Morgan, the original John Pierpont Morgan from whatever it was 100 years ago, where he said, ‘Nothing corrupts your financial judgment more than the sight of your neighbor getting rich.’ It wasn’t that long ago that your neighbor was the guy across the street. Now your neighbor is every person on Facebook and TikTok and Snap and LinkedIn and Twitter. Everybody is everybody’s neighbor and we’re going a little bit bonkers with it.” ~ @brianportnoy  [16:26] - “What goals do from a negative perspective is they tee us up for emotional disappointment. Because no matter how good, or frankly how bad, a particular outcome is, we tend to revert to type, and then we say, ‘what’s next?’ Because we are foundationally growth-oriented creatures. And wherever we get, we want to get further.”  ~ @brianportnoy  [22:21] - “I think what anyone can do to figure out where money fits into a meaningful life and have those goals be more emotionally resonant, is to think about purpose, is to think about meaning.” ~ @brianportnoy  Links  Brian Portnoy Shaping Wealth The Geometry of Wealth The Investor’s Paradox  Alliance for Decision Education Growth Without Goals by Patrick O’Shaughnessy Twitter Los Angeles Lakers Lebron James Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 28 Jun 2022 07:00:00 -0000 Funding Contentment with Brian Portnoy full 1 22 Stokes Family Office The happiness and contentment we feel surrounding money doesn’t end with the number in our bank account. Take it from Brian Portnoy, founder of Shaping Wealth, a financial wellness company that helps clients make smarter financial moves. Brian understands the psychology behind financial decisions as much as he does the strategy behind investment. For instance, as human beings, we instinctively compare ourselves to others, seeking comfort in status and discomfort when our social media is flooded with 18-year-old billionaires rich off crypto. But how can we learn to mute the comparison triggers all around us? And why do growth-focused goals keep us grounded?  Brian talks with Doug and Greg about navigating the comparison landscape, why money is still taboo, why unlimited freedom has led to increased paralysis, and the difference between being rich and being wealthy. Key Takeaways [00:17] - An introduction to Brian.  [01:11] - Why Brian believes money is a taboo subject. [02:32] - Does insecurity around discussing money correlate with general financial insecurity? [04:27] - Why social media has decreased society’s contentment surrounding their finances.  [07:52] - The dangers of comparison and Brian’s perspective on differing financial priorities amongst generations.  [12:04] - How Brian approaches goal-setting and disciplined progress. [19:23] - The power of purpose.  [21:31] - How to live a meaningful life and spend accordingly.  [26:28] - How investors can stay grounded amidst a volatile world and a volatile market.   Quotes [06:12] - “There’s a quote I love from J.P. Morgan, the original John Pierpont Morgan from whatever it was 100 years ago, where he said, ‘Nothing corrupts your financial judgment more than the sight of your neighbor getting rich.’ It wasn’t that long ago that your neighbor was the guy across the street. Now your neighbor is every person on Facebook and TikTok and Snap and LinkedIn and Twitter. Everybody is everybody’s neighbor and we’re going a little bit bonkers with it.” ~ @brianportnoy  [16:26] - “What goals do from a negative perspective is they tee us up for emotional disappointment. Because no matter how good, or frankly how bad, a particular outcome is, we tend to revert to type, and then we say, ‘what’s next?’ Because we are foundationally growth-oriented creatures. And wherever we get, we want to get further.”  ~ @brianportnoy  [22:21] - “I think what anyone can do to figure out where money fits into a meaningful life and have those goals be more emotionally resonant, is to think about purpose, is to think about meaning.” ~ @brianportnoy  Links  Brian Portnoy Shaping Wealth The Geometry of Wealth The Investor’s Paradox  Alliance for Decision Education Growth Without Goals by Patrick O’Shaughnessy Twitter Los Angeles Lakers Lebron James Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. The happiness and contentment we feel surrounding money doesn’t end with the number in our bank account. Take it from Brian Portnoy, founder of Shaping Wealth, a financial wellness company that helps clients make smarter financial moves. Brian understands the psychology behind financial decisions as much as he does the strategy behind investment.

For instance, as human beings, we instinctively compare ourselves to others, seeking comfort in status and discomfort when our social media is flooded with 18-year-old billionaires rich off crypto. But how can we learn to mute the comparison triggers all around us? And why do growth-focused goals keep us grounded? 

Brian talks with Doug and Greg about navigating the comparison landscape, why money is still taboo, why unlimited freedom has led to increased paralysis, and the difference between being rich and being wealthy.


Key Takeaways

  • [00:17] - An introduction to Brian. 
  • [01:11] - Why Brian believes money is a taboo subject.
  • [02:32] - Does insecurity around discussing money correlate with general financial insecurity?
  • [04:27] - Why social media has decreased society’s contentment surrounding their finances. 
  • [07:52] - The dangers of comparison and Brian’s perspective on differing financial priorities amongst generations. 
  • [12:04] - How Brian approaches goal-setting and disciplined progress.
  • [19:23] - The power of purpose. 
  • [21:31] - How to live a meaningful life and spend accordingly. 
  • [26:28] - How investors can stay grounded amidst a volatile world and a volatile market.  


Quotes

[06:12] - “There’s a quote I love from J.P. Morgan, the original John Pierpont Morgan from whatever it was 100 years ago, where he said, ‘Nothing corrupts your financial judgment more than the sight of your neighbor getting rich.’ It wasn’t that long ago that your neighbor was the guy across the street. Now your neighbor is every person on Facebook and TikTok and Snap and LinkedIn and Twitter. Everybody is everybody’s neighbor and we’re going a little bit bonkers with it.” ~ @brianportnoy 

[16:26] - “What goals do from a negative perspective is they tee us up for emotional disappointment. Because no matter how good, or frankly how bad, a particular outcome is, we tend to revert to type, and then we say, ‘what’s next?’ Because we are foundationally growth-oriented creatures. And wherever we get, we want to get further.”  ~ @brianportnoy 

[22:21] - “I think what anyone can do to figure out where money fits into a meaningful life and have those goals be more emotionally resonant, is to think about purpose, is to think about meaning.” ~ @brianportnoy 


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1952 no Wes Gray: Merging Education, Investing, and the Marine Corps After spending years going through a tough academic program, one dissertation away from achieving a degree, Wes Gray chose to take a step back and join the Marine Corps. Following five years of service, Wes finished his degree at The University of Chicago, studying under the acclaimed Eugene Fama. While working as a professor, a cold call from a billionaire in New York prompted Wes to begin moonlighting as an internal due diligence agent. That decision to take on a second job became his inspiration for Alpha Architect – an asset management firm committed to empowering investors through education.  In this episode, Wes talks with Doug and Greg about why Alpha Architect is abnormal, the method to their madness, how Wes challenged Eugene Fama (and nearly won), how Alpha Architect is responding to today’s volatile markets, and what the future looks like for value investors.  Key Takeaways [01:24] - How Wes transitioned from professor to founder of Alpha Architect.  [04:50] - Why Wes’ studies led him to be more of a quant than a discretionary investor.  [14:00] - Has a rise in awareness diluted investors’ ability to obtain Alpha?  [19:25] - How Wes explains the recent market volatility.  [22:40] - How Alpha Architect responds to “flows” and market volatility.  [26:23] - How Alpha Architect remains tax-efficient.  [29:37] - What Wes believes the future looks like for value investors.  Quotes [27:14] - “One of the problems with the financial services industry is, the best idea, the best strategy in the world, can always be ruined by fees and taxes. And so, you can have a lot of excess returns, but if you give it all up in fees and taxes, what was the point?” ~ Wes Gray [31:08] - “No matter how you cut it, the valuation of value stocks is the cheapest it’s ever been relative to the valuation of the market or gross stocks more particularly. And so the problem is timing. I have to survive the potential issue of, I go buy value stocks and then all the sudden all the crazy maniac stocks beat me and crush my soul by ten percent a year for the next ten years again.” ~ Wes Gray [31:57] - “The problem is, if there is a risk that you give up on fundamentals and the weighing machine in the short run, that means you will not get to extract the benefits of the long run. And I always tell people, you really need to sit down and think about your own brain psychology, and if you can’t deal with the heat in the kitchen, get out of the kitchen and just go buy the Vanguard fund.” ~ Wes Gray Links  Wes Gray Alpha Architect  Eugene Fama The University of Chicago  Drexel University  Embedded Quantitative Value DIY Financial Advisor Quantitative Momentum Warren Buffett Robinhood  Vanguard iShares Seth Klarman Tesla BlackRock Cliff Asness: Still Crazy After All This YTD Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 21 Jun 2022 07:00:00 -0000 Wes Gray: Merging Education, Investing, and the Marine Corps full 1 21 Stokes Family Office After spending years going through a tough academic program, one dissertation away from achieving a degree, Wes Gray chose to take a step back and join the Marine Corps. Following five years of service, Wes finished his degree at The University of Chicago, studying under the acclaimed Eugene Fama. While working as a professor, a cold call from a billionaire in New York prompted Wes to begin moonlighting as an internal due diligence agent. That decision to take on a second job became his inspiration for Alpha Architect – an asset management firm committed to empowering investors through education.  In this episode, Wes talks with Doug and Greg about why Alpha Architect is abnormal, the method to their madness, how Wes challenged Eugene Fama (and nearly won), how Alpha Architect is responding to today’s volatile markets, and what the future looks like for value investors.  Key Takeaways [01:24] - How Wes transitioned from professor to founder of Alpha Architect.  [04:50] - Why Wes’ studies led him to be more of a quant than a discretionary investor.  [14:00] - Has a rise in awareness diluted investors’ ability to obtain Alpha?  [19:25] - How Wes explains the recent market volatility.  [22:40] - How Alpha Architect responds to “flows” and market volatility.  [26:23] - How Alpha Architect remains tax-efficient.  [29:37] - What Wes believes the future looks like for value investors.  Quotes [27:14] - “One of the problems with the financial services industry is, the best idea, the best strategy in the world, can always be ruined by fees and taxes. And so, you can have a lot of excess returns, but if you give it all up in fees and taxes, what was the point?” ~ Wes Gray [31:08] - “No matter how you cut it, the valuation of value stocks is the cheapest it’s ever been relative to the valuation of the market or gross stocks more particularly. And so the problem is timing. I have to survive the potential issue of, I go buy value stocks and then all the sudden all the crazy maniac stocks beat me and crush my soul by ten percent a year for the next ten years again.” ~ Wes Gray [31:57] - “The problem is, if there is a risk that you give up on fundamentals and the weighing machine in the short run, that means you will not get to extract the benefits of the long run. And I always tell people, you really need to sit down and think about your own brain psychology, and if you can’t deal with the heat in the kitchen, get out of the kitchen and just go buy the Vanguard fund.” ~ Wes Gray Links  Wes Gray Alpha Architect  Eugene Fama The University of Chicago  Drexel University  Embedded Quantitative Value DIY Financial Advisor Quantitative Momentum Warren Buffett Robinhood  Vanguard iShares Seth Klarman Tesla BlackRock Cliff Asness: Still Crazy After All This YTD Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. After spending years going through a tough academic program, one dissertation away from achieving a degree, Wes Gray chose to take a step back and join the Marine Corps. Following five years of service, Wes finished his degree at The University of Chicago, studying under the acclaimed Eugene Fama.

While working as a professor, a cold call from a billionaire in New York prompted Wes to begin moonlighting as an internal due diligence agent. That decision to take on a second job became his inspiration for Alpha Architect – an asset management firm committed to empowering investors through education. 

In this episode, Wes talks with Doug and Greg about why Alpha Architect is abnormal, the method to their madness, how Wes challenged Eugene Fama (and nearly won), how Alpha Architect is responding to today’s volatile markets, and what the future looks like for value investors. 


Key Takeaways

  • [01:24] - How Wes transitioned from professor to founder of Alpha Architect. 
  • [04:50] - Why Wes’ studies led him to be more of a quant than a discretionary investor. 
  • [14:00] - Has a rise in awareness diluted investors’ ability to obtain Alpha? 
  • [19:25] - How Wes explains the recent market volatility. 
  • [22:40] - How Alpha Architect responds to “flows” and market volatility. 
  • [26:23] - How Alpha Architect remains tax-efficient. 
  • [29:37] - What Wes believes the future looks like for value investors. 


Quotes

[27:14] - “One of the problems with the financial services industry is, the best idea, the best strategy in the world, can always be ruined by fees and taxes. And so, you can have a lot of excess returns, but if you give it all up in fees and taxes, what was the point?” ~ Wes Gray

[31:08] - “No matter how you cut it, the valuation of value stocks is the cheapest it’s ever been relative to the valuation of the market or gross stocks more particularly. And so the problem is timing. I have to survive the potential issue of, I go buy value stocks and then all the sudden all the crazy maniac stocks beat me and crush my soul by ten percent a year for the next ten years again.” ~ Wes Gray

[31:57] - “The problem is, if there is a risk that you give up on fundamentals and the weighing machine in the short run, that means you will not get to extract the benefits of the long run. And I always tell people, you really need to sit down and think about your own brain psychology, and if you can’t deal with the heat in the kitchen, get out of the kitchen and just go buy the Vanguard fund.” ~ Wes Gray


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2046 no A Crash Course on Crypto with David Chase It’s no secret that cryptocurrency has been a trending point of contention for financial experts and the general public. But is it worth the hype or a bubble waiting to burst? David Chase of Crescent City Capital has become an expert on the subject. But David’s desire to explore crypto was not for the sake of hopping on a fintech fad. Spending his early career learning the nuances of central bank policy, David had a hunch there was a better way to regulate policy. After diving into the subject, cryptocurrency became that solution.  So after a year of exclusively trading crypto, David launched Crescent City Capital with his partner Hunter Metcalf. The firm’s goal is to accumulate as much Bitcoin as possible and David’s personal belief is that crypto is not only here to stay, but is fundamentally irreplaceable.  In this episode, David talks with Doug and Greg about why crypto solves the problems most currencies encounter, the future of Bitcoin and blockchain technology, how anyone can and should invest in crypto, and the potential life-saving impact of digital currency. Key Takeaways [00:18] - An introduction to David and his background.  [04:55] - Bitcoin’s solution to the flaws in centralized policy, and what mining cryptocurrency actually means.  [08:18] - Why it’s valuable to invest in Bitcoin and the difference between Bitcoin and Ethereum.  [10:58] - What makes Bitcoin valuable.  [11:48] - Why Bitcoin is an inflationary hedge.  [14:19] - How Bitcoin is invaluable in moments of political instability. [18:00] - Why David believes Bitcoin isn’t going anywhere.  [20:17] - The future of blockchain technology.  [25:43] - What stablecoins are and the difference between collateralized and arithmetic stablecoins.  [34:17] - Where David believes Bitcoin is headed.  Quotes [19:55] - “I don’t see any of the top 10s going away, I certainly don’t see Bitcoin going away unless there’s this onset of some kind of one world central bank currency that could potentially replace it. But even then it’s not the same, it’s not disinflationary. Any central bank currency is going to have to be inflationary.” ~ David Chase [21:27] - “We listen to three or four pitches a day. And I can tell you, the smartest minds in the world are moving toward blockchain development.” ~ David Chase [33:58] - “Until Bitcoin or the total asset class valuation reaches a point, kind of the equivalent of gold or even silver, you’re going to have massive manipulation, massive volatility. I think that scares a lot of people away. But with volatility comes opportunity.” ~ David Chase Links  David Chase Crescent City Capital  Bitcoin Gelber Group Coinbase  Ethereum  Whitecoin Dash Hunter Metcalf  Twitter  Litecoin Solana Acacia Digital Holdings RareMint  Terra Luna Tether Circle USD Coin Dogecoin Shiba Token Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 14 Jun 2022 07:00:00 -0000 A Crash Course on Crypto with David Chase full 1 20 Stokes Family Office It’s no secret that cryptocurrency has been a trending point of contention for financial experts and the general public. But is it worth the hype or a bubble waiting to burst? David Chase of Crescent City Capital has become an expert on the subject. But David’s desire to explore crypto was not for the sake of hopping on a fintech fad. Spending his early career learning the nuances of central bank policy, David had a hunch there was a better way to regulate policy. After diving into the subject, cryptocurrency became that solution.  So after a year of exclusively trading crypto, David launched Crescent City Capital with his partner Hunter Metcalf. The firm’s goal is to accumulate as much Bitcoin as possible and David’s personal belief is that crypto is not only here to stay, but is fundamentally irreplaceable.  In this episode, David talks with Doug and Greg about why crypto solves the problems most currencies encounter, the future of Bitcoin and blockchain technology, how anyone can and should invest in crypto, and the potential life-saving impact of digital currency. Key Takeaways [00:18] - An introduction to David and his background.  [04:55] - Bitcoin’s solution to the flaws in centralized policy, and what mining cryptocurrency actually means.  [08:18] - Why it’s valuable to invest in Bitcoin and the difference between Bitcoin and Ethereum.  [10:58] - What makes Bitcoin valuable.  [11:48] - Why Bitcoin is an inflationary hedge.  [14:19] - How Bitcoin is invaluable in moments of political instability. [18:00] - Why David believes Bitcoin isn’t going anywhere.  [20:17] - The future of blockchain technology.  [25:43] - What stablecoins are and the difference between collateralized and arithmetic stablecoins.  [34:17] - Where David believes Bitcoin is headed.  Quotes [19:55] - “I don’t see any of the top 10s going away, I certainly don’t see Bitcoin going away unless there’s this onset of some kind of one world central bank currency that could potentially replace it. But even then it’s not the same, it’s not disinflationary. Any central bank currency is going to have to be inflationary.” ~ David Chase [21:27] - “We listen to three or four pitches a day. And I can tell you, the smartest minds in the world are moving toward blockchain development.” ~ David Chase [33:58] - “Until Bitcoin or the total asset class valuation reaches a point, kind of the equivalent of gold or even silver, you’re going to have massive manipulation, massive volatility. I think that scares a lot of people away. But with volatility comes opportunity.” ~ David Chase Links  David Chase Crescent City Capital  Bitcoin Gelber Group Coinbase  Ethereum  Whitecoin Dash Hunter Metcalf  Twitter  Litecoin Solana Acacia Digital Holdings RareMint  Terra Luna Tether Circle USD Coin Dogecoin Shiba Token Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. It’s no secret that cryptocurrency has been a trending point of contention for financial experts and the general public. But is it worth the hype or a bubble waiting to burst? David Chase of Crescent City Capital has become an expert on the subject. But David’s desire to explore crypto was not for the sake of hopping on a fintech fad.

Spending his early career learning the nuances of central bank policy, David had a hunch there was a better way to regulate policy. After diving into the subject, cryptocurrency became that solution. 

So after a year of exclusively trading crypto, David launched Crescent City Capital with his partner Hunter Metcalf. The firm’s goal is to accumulate as much Bitcoin as possible and David’s personal belief is that crypto is not only here to stay, but is fundamentally irreplaceable. 

In this episode, David talks with Doug and Greg about why crypto solves the problems most currencies encounter, the future of Bitcoin and blockchain technology, how anyone can and should invest in crypto, and the potential life-saving impact of digital currency.


Key Takeaways

  • [00:18] - An introduction to David and his background. 
  • [04:55] - Bitcoin’s solution to the flaws in centralized policy, and what mining cryptocurrency actually means. 
  • [08:18] - Why it’s valuable to invest in Bitcoin and the difference between Bitcoin and Ethereum. 
  • [10:58] - What makes Bitcoin valuable. 
  • [11:48] - Why Bitcoin is an inflationary hedge. 
  • [14:19] - How Bitcoin is invaluable in moments of political instability.
  • [18:00] - Why David believes Bitcoin isn’t going anywhere. 
  • [20:17] - The future of blockchain technology. 
  • [25:43] - What stablecoins are and the difference between collateralized and arithmetic stablecoins. 
  • [34:17] - Where David believes Bitcoin is headed. 


Quotes

[19:55] - “I don’t see any of the top 10s going away, I certainly don’t see Bitcoin going away unless there’s this onset of some kind of one world central bank currency that could potentially replace it. But even then it’s not the same, it’s not disinflationary. Any central bank currency is going to have to be inflationary.” ~ David Chase

[21:27] - “We listen to three or four pitches a day. And I can tell you, the smartest minds in the world are moving toward blockchain development.” ~ David Chase

[33:58] - “Until Bitcoin or the total asset class valuation reaches a point, kind of the equivalent of gold or even silver, you’re going to have massive manipulation, massive volatility. I think that scares a lot of people away. But with volatility comes opportunity.” ~ David Chase


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2201 no Life and Money Through a Latin American Lens with Ian Bezek Sometimes, the best places to invest are the places no one’s looking. Ian Bezek has become an expert on under-the-radar places to spend his time and invest his money. Having spent the last eight years living in South and Latin American countries, he’s an advocate for exploring countries that cost less for a higher quality of life. Not to mention, he’s diving headfirst into the international markets and is here to share his tips for investing overseas.  Rather than looking where everyone else is (literally), Ian focuses on compounding businesses, companies constantly growing their earnings, companies with nearly irreplaceable assets, and businesses becoming leaders in a “boring” sector. He values companies with exit ramps and hand railings over those with high-speed glass elevators and no red exit sign in sight. His stocks may not be the sexiest, but Ian’s peace of mind and the performance of his portfolio remain intact.  In this episode, Ian talks with Doug and Greg about his perspective on the U.S. versus Latin American markets, his philosophy on the ESG score, when Ian predicts we’ll see market revisions in the U.S., tips for exploring life in Colombia, and the surprising sector Ian believes is this decade’s top growth industry. Key Takeaways [00:18] - An introduction to this episode and Ian Bezek.  [01:34] - Ian’s perspective on the markets post-2020.  [03:14] - How Ian describes today’s markets in comparison to the previous tech bust in 2000.  [05:30] - When Ian believes market revisions will happen. [06:41] - What industries and sectors Ian focuses on.  [09:36] - How the perception of the companies Ian invests in has shifted over the years.  [10:36] - What Ian thinks is the best growth industry this decade and what he’s keeping an eye on as the 2020s continue to evolve.  [13:07] - Why Ian believes EVs are overblown and where you can be investing instead.  [15:15] - Ian's experience living in Latin and South America and why low-cost and high-quality living areas are fantastic (and feasible) options. [17:08] - What the quality of life is like in Columbia.  [18:56] - How Ian views Latin America and Columbia from an investment perspective.  [21:18] - What’s worth the investment in Latin and South American countries.  [26:27] - How ESG metrics impact Ian’s investment choices. [30:01] - What Ian loves to do in Columbia.  Quotes [21:52] - “I’d say one thing that a lot of people should pay more attention to are the Mexican companies because you can find companies that are much less cyclical there, like the airports for example.” ~ @irbezek [24:40] - “I do think that the Latin American markets should outperform.  In particular, Mexico’s kind of the one I’ve planted my flag on because that’s a much broader market that is not just tied to commodities. So I think investors will rediscover that one.” ~ @irbezek Links  Ian Bezek  Seeking Alpha  Ian’s Insider Corner Kerrisdale Capital Management LLC Echo Labs Bancolombia Pacifico Airport Rotoplas   Sureste Airport Microsoft  Yahoo  Cisco Lucent Peloton Netflix Adobe  Alphabet  Meta Google Amazon Walmart Costco Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 07 Jun 2022 07:00:00 -0000 Life and Money Through a Latin American Lens with Ian Bezek full 1 19 Stokes Family Office Sometimes, the best places to invest are the places no one’s looking. Ian Bezek has become an expert on under-the-radar places to spend his time and invest his money. Having spent the last eight years living in South and Latin American countries, he’s an advocate for exploring countries that cost less for a higher quality of life. Not to mention, he’s diving headfirst into the international markets and is here to share his tips for investing overseas.  Rather than looking where everyone else is (literally), Ian focuses on compounding businesses, companies constantly growing their earnings, companies with nearly irreplaceable assets, and businesses becoming leaders in a “boring” sector. He values companies with exit ramps and hand railings over those with high-speed glass elevators and no red exit sign in sight. His stocks may not be the sexiest, but Ian’s peace of mind and the performance of his portfolio remain intact.  In this episode, Ian talks with Doug and Greg about his perspective on the U.S. versus Latin American markets, his philosophy on the ESG score, when Ian predicts we’ll see market revisions in the U.S., tips for exploring life in Colombia, and the surprising sector Ian believes is this decade’s top growth industry. Key Takeaways [00:18] - An introduction to this episode and Ian Bezek.  [01:34] - Ian’s perspective on the markets post-2020.  [03:14] - How Ian describes today’s markets in comparison to the previous tech bust in 2000.  [05:30] - When Ian believes market revisions will happen. [06:41] - What industries and sectors Ian focuses on.  [09:36] - How the perception of the companies Ian invests in has shifted over the years.  [10:36] - What Ian thinks is the best growth industry this decade and what he’s keeping an eye on as the 2020s continue to evolve.  [13:07] - Why Ian believes EVs are overblown and where you can be investing instead.  [15:15] - Ian's experience living in Latin and South America and why low-cost and high-quality living areas are fantastic (and feasible) options. [17:08] - What the quality of life is like in Columbia.  [18:56] - How Ian views Latin America and Columbia from an investment perspective.  [21:18] - What’s worth the investment in Latin and South American countries.  [26:27] - How ESG metrics impact Ian’s investment choices. [30:01] - What Ian loves to do in Columbia.  Quotes [21:52] - “I’d say one thing that a lot of people should pay more attention to are the Mexican companies because you can find companies that are much less cyclical there, like the airports for example.” ~ @irbezek [24:40] - “I do think that the Latin American markets should outperform.  In particular, Mexico’s kind of the one I’ve planted my flag on because that’s a much broader market that is not just tied to commodities. So I think investors will rediscover that one.” ~ @irbezek Links  Ian Bezek  Seeking Alpha  Ian’s Insider Corner Kerrisdale Capital Management LLC Echo Labs Bancolombia Pacifico Airport Rotoplas   Sureste Airport Microsoft  Yahoo  Cisco Lucent Peloton Netflix Adobe  Alphabet  Meta Google Amazon Walmart Costco Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Sometimes, the best places to invest are the places no one’s looking. Ian Bezek has become an expert on under-the-radar places to spend his time and invest his money. Having spent the last eight years living in South and Latin American countries, he’s an advocate for exploring countries that cost less for a higher quality of life. Not to mention, he’s diving headfirst into the international markets and is here to share his tips for investing overseas. 

Rather than looking where everyone else is (literally), Ian focuses on compounding businesses, companies constantly growing their earnings, companies with nearly irreplaceable assets, and businesses becoming leaders in a “boring” sector. He values companies with exit ramps and hand railings over those with high-speed glass elevators and no red exit sign in sight. His stocks may not be the sexiest, but Ian’s peace of mind and the performance of his portfolio remain intact. 

In this episode, Ian talks with Doug and Greg about his perspective on the U.S. versus Latin American markets, his philosophy on the ESG score, when Ian predicts we’ll see market revisions in the U.S., tips for exploring life in Colombia, and the surprising sector Ian believes is this decade’s top growth industry.


Key Takeaways

  • [00:18] - An introduction to this episode and Ian Bezek. 
  • [01:34] - Ian’s perspective on the markets post-2020. 
  • [03:14] - How Ian describes today’s markets in comparison to the previous tech bust in 2000. 
  • [05:30] - When Ian believes market revisions will happen.
  • [06:41] - What industries and sectors Ian focuses on. 
  • [09:36] - How the perception of the companies Ian invests in has shifted over the years. 
  • [10:36] - What Ian thinks is the best growth industry this decade and what he’s keeping an eye on as the 2020s continue to evolve. 
  • [13:07] - Why Ian believes EVs are overblown and where you can be investing instead. 
  • [15:15] - Ian's experience living in Latin and South America and why low-cost and high-quality living areas are fantastic (and feasible) options.
  • [17:08] - What the quality of life is like in Columbia. 
  • [18:56] - How Ian views Latin America and Columbia from an investment perspective. 
  • [21:18] - What’s worth the investment in Latin and South American countries. 
  • [26:27] - How ESG metrics impact Ian’s investment choices.
  • [30:01] - What Ian loves to do in Columbia. 


Quotes

[21:52] - “I’d say one thing that a lot of people should pay more attention to are the Mexican companies because you can find companies that are much less cyclical there, like the airports for example.” ~ @irbezek

[24:40] - “I do think that the Latin American markets should outperform.  In particular, Mexico’s kind of the one I’ve planted my flag on because that’s a much broader market that is not just tied to commodities. So I think investors will rediscover that one.” ~ @irbezek


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2034 no Family Business Done Right with Vito Cinque At the heart of Il San Pietro in Positano, one of Italy’s – and the world’s – finest hotels, is a family business with a fascinating story. Il San Pietro was built by Carlino Cinque when Positano was a simple fishing village. Carlino’s family believed him crazy for pursuing a life outside their home and even had Carlino impeached for his entrepreneurial aspirations. Luckily Carlino overcame obstacles and his grand hotel came to fruition.  Today, Vito Cinque co-owns Il San Pietro with his brother Carlo, the third generation to take the reins and help their family’s legacy live on. The hotel has become an architectural feat – existing on the precipice of one of Positano’s infamous cliffs. Each room has a view and a beautiful terrace. While a room is a luxury, the staff become like family and your stay is always a consistent, trip-defining experience.  But there’s an art to maintaining luxury with family by your side. Greg and Doug talk with Vito about transforming the Il San Pietro into a world-renowned five-star hotel alongside his brother Carlo, his strategy for remaining competitive as the years go on, how Vito led his staff through COVID-19, plus the key reason Vito believes Il San Pietro has remained a family-owned worldly success.  Key Takeaways [00:54] - An introduction to Vito and Il San Pietro.  [04:17] - The first travelers to the Il San Pietro hotel.  [05:48] - The construction of Il San Pietro’s unbelievable elevator.  [07:25] - What prompted Vito’s Great Uncle to take the risk and move forward with building a hotel. [09:45] - How the hotel’s construction developed over time.  [11:22] - How Vito considers the five-star offering he’s providing to clients. [16:26] - How Vito distinguishes Il San Pietro’s food and beverage services from competitors.  [20:15] - How Vito managed the challenges of the pandemic. [25:55] - What Vito does to ensure guest loyalty and the importance of a strong team.  [29:34] - What visitors should experience on the Amalfi Coast.  [34:02] - Vito’s wine philosophy.  Quotes [08:58] - “This is what we want clients to understand: that when your family has a unique experience, you cannot put this sort of experience in a box. It’s not something that has been planned. It’s like, you find the right plant in the right spot and the plant grows perfectly.” ~ Vito Cinque [12:47] - “Being in a family business, the time for making a decision is very fast, as long as you divide your duties. Me and my brother have two different backgrounds. We take care of two different parts of the hotel. So I run the place, I am the front office person, and he’s the back office guy. He looks at the numbers and I produce.” ~ Vito Cinque [23:45] - “The attitude of the clients has totally changed now. They want to go where they don’t have surprises. They want a place to be consistent. Now the price is not an issue as long as you get what you were expecting.” ~ Vito Cinque Links  Vito Cinque Il San Pietro Zass Restaurant Bee Chic The Il San Pietro Gardens Anish Kapoor Jeff Koons  William Kentridge Bordeaux Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 31 May 2022 07:00:00 -0000 Family Business Done Right with Vito Cinque full 1 18 Stokes Family Office At the heart of Il San Pietro in Positano, one of Italy’s – and the world’s – finest hotels, is a family business with a fascinating story. Il San Pietro was built by Carlino Cinque when Positano was a simple fishing village. Carlino’s family believed him crazy for pursuing a life outside their home and even had Carlino impeached for his entrepreneurial aspirations. Luckily Carlino overcame obstacles and his grand hotel came to fruition.  Today, Vito Cinque co-owns Il San Pietro with his brother Carlo, the third generation to take the reins and help their family’s legacy live on. The hotel has become an architectural feat – existing on the precipice of one of Positano’s infamous cliffs. Each room has a view and a beautiful terrace. While a room is a luxury, the staff become like family and your stay is always a consistent, trip-defining experience.  But there’s an art to maintaining luxury with family by your side. Greg and Doug talk with Vito about transforming the Il San Pietro into a world-renowned five-star hotel alongside his brother Carlo, his strategy for remaining competitive as the years go on, how Vito led his staff through COVID-19, plus the key reason Vito believes Il San Pietro has remained a family-owned worldly success.  Key Takeaways [00:54] - An introduction to Vito and Il San Pietro.  [04:17] - The first travelers to the Il San Pietro hotel.  [05:48] - The construction of Il San Pietro’s unbelievable elevator.  [07:25] - What prompted Vito’s Great Uncle to take the risk and move forward with building a hotel. [09:45] - How the hotel’s construction developed over time.  [11:22] - How Vito considers the five-star offering he’s providing to clients. [16:26] - How Vito distinguishes Il San Pietro’s food and beverage services from competitors.  [20:15] - How Vito managed the challenges of the pandemic. [25:55] - What Vito does to ensure guest loyalty and the importance of a strong team.  [29:34] - What visitors should experience on the Amalfi Coast.  [34:02] - Vito’s wine philosophy.  Quotes [08:58] - “This is what we want clients to understand: that when your family has a unique experience, you cannot put this sort of experience in a box. It’s not something that has been planned. It’s like, you find the right plant in the right spot and the plant grows perfectly.” ~ Vito Cinque [12:47] - “Being in a family business, the time for making a decision is very fast, as long as you divide your duties. Me and my brother have two different backgrounds. We take care of two different parts of the hotel. So I run the place, I am the front office person, and he’s the back office guy. He looks at the numbers and I produce.” ~ Vito Cinque [23:45] - “The attitude of the clients has totally changed now. They want to go where they don’t have surprises. They want a place to be consistent. Now the price is not an issue as long as you get what you were expecting.” ~ Vito Cinque Links  Vito Cinque Il San Pietro Zass Restaurant Bee Chic The Il San Pietro Gardens Anish Kapoor Jeff Koons  William Kentridge Bordeaux Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. At the heart of Il San Pietro in Positano, one of Italy’s – and the world’s – finest hotels, is a family business with a fascinating story. Il San Pietro was built by Carlino Cinque when Positano was a simple fishing village. Carlino’s family believed him crazy for pursuing a life outside their home and even had Carlino impeached for his entrepreneurial aspirations. Luckily Carlino overcame obstacles and his grand hotel came to fruition. 

Today, Vito Cinque co-owns Il San Pietro with his brother Carlo, the third generation to take the reins and help their family’s legacy live on. The hotel has become an architectural feat – existing on the precipice of one of Positano’s infamous cliffs. Each room has a view and a beautiful terrace. While a room is a luxury, the staff become like family and your stay is always a consistent, trip-defining experience. 

But there’s an art to maintaining luxury with family by your side. Greg and Doug talk with Vito about transforming the Il San Pietro into a world-renowned five-star hotel alongside his brother Carlo, his strategy for remaining competitive as the years go on, how Vito led his staff through COVID-19, plus the key reason Vito believes Il San Pietro has remained a family-owned worldly success. 


Key Takeaways

  • [00:54] - An introduction to Vito and Il San Pietro. 
  • [04:17] - The first travelers to the Il San Pietro hotel. 
  • [05:48] - The construction of Il San Pietro’s unbelievable elevator. 
  • [07:25] - What prompted Vito’s Great Uncle to take the risk and move forward with building a hotel.
  • [09:45] - How the hotel’s construction developed over time. 
  • [11:22] - How Vito considers the five-star offering he’s providing to clients.
  • [16:26] - How Vito distinguishes Il San Pietro’s food and beverage services from competitors. 
  • [20:15] - How Vito managed the challenges of the pandemic.
  • [25:55] - What Vito does to ensure guest loyalty and the importance of a strong team. 
  • [29:34] - What visitors should experience on the Amalfi Coast. 
  • [34:02] - Vito’s wine philosophy. 


Quotes

[08:58] - “This is what we want clients to understand: that when your family has a unique experience, you cannot put this sort of experience in a box. It’s not something that has been planned. It’s like, you find the right plant in the right spot and the plant grows perfectly.” ~ Vito Cinque

[12:47] - “Being in a family business, the time for making a decision is very fast, as long as you divide your duties. Me and my brother have two different backgrounds. We take care of two different parts of the hotel. So I run the place, I am the front office person, and he’s the back office guy. He looks at the numbers and I produce.” ~ Vito Cinque

[23:45] - “The attitude of the clients has totally changed now. They want to go where they don’t have surprises. They want a place to be consistent. Now the price is not an issue as long as you get what you were expecting.” ~ Vito Cinque


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2356 no Learning From Our Past: Who to Trust and When to Buy What would you do with a family fortune? Taking a hard look at the downfall of the Vanderbilt dynasty tells us a few things about wealth, purpose, and the importance of a trusted financial advisor.  History can tell us what to expect during unpredictable global events, how bear markets typically come to a close, and the surprising similarity between institutional and retail investors.  This week, Doug and Greg why wealth alone won’t buy happiness, what the market corrections of the past mean for today’s turbulent fluctuations, and why “professional” investors aren’t immune to emotional influence.  Key Takeaways [00:18] - Money lessons from the Vanderbilt curse. [11:19] - What a history of market corrections should mean for your perspective on an upcoming bear market. [15:48] - How a bear market may end.  [20:13] - Actively managed strategies versus index-type strategies.  Quotes [08:14] - “I just think that lack of purpose and lack of direction leads to lack of wealth. So what does money really do? Money, if you’ve at least been a good steward of capital, provides you with flexibility and time.” ~ Doug Stokes [15:28] - “That’s the real issue — trying to time the market and waiting for the dust to settle. Our human nature does not want to buy when we think that there is a risk of loss around the corner and there’s been a recent risk of loss. And so the whole involving of human emotions and investments is a really bad combination.” ~ Greg Stokes [24:05] - “The presumption is that investment professionals, investment managers are better at that sort of emotional aspect and timing the market than a retail investor but this basically debunks that whole theory. And it is absolutely true that people, in general, retail investors or institutional investors, are not good at beating the market.” ~ Greg Stokes Links  Morgan Housel Breakers Estate Biltmore Estate  Anderson Cooper Elon Musk Tesla  Bill Gates Our Perspective on April’s Return to Rocky Markets  Twitter  Gamestop Peloton Dogecoin  Cathie Wood Fizz  AMC ‘Past performance is no guarantee of future results,’ charted SPIVA Study: Percentage of actively managed funds that outperform benchmarks  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 24 May 2022 07:00:00 -0000 Learning From Our Past: Who to Trust and When to Buy full 1 17 Stokes Family Office What would you do with a family fortune? Taking a hard look at the downfall of the Vanderbilt dynasty tells us a few things about wealth, purpose, and the importance of a trusted financial advisor.  History can tell us what to expect during unpredictable global events, how bear markets typically come to a close, and the surprising similarity between institutional and retail investors.  This week, Doug and Greg why wealth alone won’t buy happiness, what the market corrections of the past mean for today’s turbulent fluctuations, and why “professional” investors aren’t immune to emotional influence.  Key Takeaways [00:18] - Money lessons from the Vanderbilt curse. [11:19] - What a history of market corrections should mean for your perspective on an upcoming bear market. [15:48] - How a bear market may end.  [20:13] - Actively managed strategies versus index-type strategies.  Quotes [08:14] - “I just think that lack of purpose and lack of direction leads to lack of wealth. So what does money really do? Money, if you’ve at least been a good steward of capital, provides you with flexibility and time.” ~ Doug Stokes [15:28] - “That’s the real issue — trying to time the market and waiting for the dust to settle. Our human nature does not want to buy when we think that there is a risk of loss around the corner and there’s been a recent risk of loss. And so the whole involving of human emotions and investments is a really bad combination.” ~ Greg Stokes [24:05] - “The presumption is that investment professionals, investment managers are better at that sort of emotional aspect and timing the market than a retail investor but this basically debunks that whole theory. And it is absolutely true that people, in general, retail investors or institutional investors, are not good at beating the market.” ~ Greg Stokes Links  Morgan Housel Breakers Estate Biltmore Estate  Anderson Cooper Elon Musk Tesla  Bill Gates Our Perspective on April’s Return to Rocky Markets  Twitter  Gamestop Peloton Dogecoin  Cathie Wood Fizz  AMC ‘Past performance is no guarantee of future results,’ charted SPIVA Study: Percentage of actively managed funds that outperform benchmarks  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. What would you do with a family fortune? Taking a hard look at the downfall of the Vanderbilt dynasty tells us a few things about wealth, purpose, and the importance of a trusted financial advisor. 

History can tell us what to expect during unpredictable global events, how bear markets typically come to a close, and the surprising similarity between institutional and retail investors. 

This week, Doug and Greg why wealth alone won’t buy happiness, what the market corrections of the past mean for today’s turbulent fluctuations, and why “professional” investors aren’t immune to emotional influence. 


Key Takeaways

  • [00:18] - Money lessons from the Vanderbilt curse.
  • [11:19] - What a history of market corrections should mean for your perspective on an upcoming bear market.
  • [15:48] - How a bear market may end. 
  • [20:13] - Actively managed strategies versus index-type strategies. 


Quotes

[08:14] - “I just think that lack of purpose and lack of direction leads to lack of wealth. So what does money really do? Money, if you’ve at least been a good steward of capital, provides you with flexibility and time.” ~ Doug Stokes

[15:28] - “That’s the real issue — trying to time the market and waiting for the dust to settle. Our human nature does not want to buy when we think that there is a risk of loss around the corner and there’s been a recent risk of loss. And so the whole involving of human emotions and investments is a really bad combination.” ~ Greg Stokes

[24:05] - “The presumption is that investment professionals, investment managers are better at that sort of emotional aspect and timing the market than a retail investor but this basically debunks that whole theory. And it is absolutely true that people, in general, retail investors or institutional investors, are not good at beating the market.” ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1581 no Beating Your Brain and Investing Smart While times may feel unsteady and unpredictable, if you take a look through history, you’ll see these very market fluctuations repeated, time and time again. The tricky part is convincing your psyche to invest during a downtime when the market’s on sale. So how can you override your human instinct to hoard cash in a downturn? And when will there be resources available to prevent ourselves from acting on less than financially favorable inclinations?  This week, Doug and Greg discuss their point of view on today’s crazy markets,  the long-term implications of rising interest rates, why it’s best to avoid anxiety over unpredictability, and how to retrain your psyche to make smarter financial decisions. Key Takeaways [00:17] - An intro to this episode, the joys of family vacations, and Doug’s guide to wine tasting in Sonoma.  [09:07] - Why New Orleans is a great place to be.  [13:10] - How Greg and Doug view today's markets, who can best take advantage of the volatility, and how to remove psychological blocks and invest in a downturn. [21:16] - How Verdad Capital and others are forcibly encouraging investors to buy-in when a crisis hits.  [25:32] - Greg and Doug’s closing thoughts.  Quotes [14:13] - “Our job really as portfolio managers and as advisors is to try to put context in these types of situations for clients that these are normal types of market events. Historically, if you look at the stock market from 1980 to present you get an intra-year decline.” ~ Greg Stokes [17:50] - “The rise in interest rates has afforded people the ability to not be as aggressive as they had to be maybe last year or the year before to achieve a reasonable rate of return.” ~ Doug Stokes [20:02] - “The sort of psychological issue is that when things go on sale in the stock and bond markets, it’s really hard to take advantage of that because the human aspect of investing is that things are going to continue to get worse, which they might, but it really is a good opportunity if you look at it through the lens of the long-term, you try to separate your natural psychology from the situation.” ~ Greg Stokes Links  Farmstead Restaurant Ledson Winery & Vineyards Castello di Amorosa Gundlach Bundschu Zichichi Wines  Devin Booker French Quarter Fest Zurich Classic  Waste Management Phoenix Open Jazz Fest Hogs For The Cause Mr. John’s Steakhouse The French Laundry S&P 500 Intra-year Declines and Total Returns 1980 to 2021: Chart  Nick Murray  Verdad Meb Faber Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 17 May 2022 07:00:00 -0000 Beating Your Brain and Investing Smart full 1 16 Stokes Family Office While times may feel unsteady and unpredictable, if you take a look through history, you’ll see these very market fluctuations repeated, time and time again. The tricky part is convincing your psyche to invest during a downtime when the market’s on sale. So how can you override your human instinct to hoard cash in a downturn? And when will there be resources available to prevent ourselves from acting on less than financially favorable inclinations?  This week, Doug and Greg discuss their point of view on today’s crazy markets,  the long-term implications of rising interest rates, why it’s best to avoid anxiety over unpredictability, and how to retrain your psyche to make smarter financial decisions. Key Takeaways [00:17] - An intro to this episode, the joys of family vacations, and Doug’s guide to wine tasting in Sonoma.  [09:07] - Why New Orleans is a great place to be.  [13:10] - How Greg and Doug view today's markets, who can best take advantage of the volatility, and how to remove psychological blocks and invest in a downturn. [21:16] - How Verdad Capital and others are forcibly encouraging investors to buy-in when a crisis hits.  [25:32] - Greg and Doug’s closing thoughts.  Quotes [14:13] - “Our job really as portfolio managers and as advisors is to try to put context in these types of situations for clients that these are normal types of market events. Historically, if you look at the stock market from 1980 to present you get an intra-year decline.” ~ Greg Stokes [17:50] - “The rise in interest rates has afforded people the ability to not be as aggressive as they had to be maybe last year or the year before to achieve a reasonable rate of return.” ~ Doug Stokes [20:02] - “The sort of psychological issue is that when things go on sale in the stock and bond markets, it’s really hard to take advantage of that because the human aspect of investing is that things are going to continue to get worse, which they might, but it really is a good opportunity if you look at it through the lens of the long-term, you try to separate your natural psychology from the situation.” ~ Greg Stokes Links  Farmstead Restaurant Ledson Winery & Vineyards Castello di Amorosa Gundlach Bundschu Zichichi Wines  Devin Booker French Quarter Fest Zurich Classic  Waste Management Phoenix Open Jazz Fest Hogs For The Cause Mr. John’s Steakhouse The French Laundry S&P 500 Intra-year Declines and Total Returns 1980 to 2021: Chart  Nick Murray  Verdad Meb Faber Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. While times may feel unsteady and unpredictable, if you take a look through history, you’ll see these very market fluctuations repeated, time and time again. The tricky part is convincing your psyche to invest during a downtime when the market’s on sale. So how can you override your human instinct to hoard cash in a downturn? And when will there be resources available to prevent ourselves from acting on less than financially favorable inclinations? 

This week, Doug and Greg discuss their point of view on today’s crazy markets,  the long-term implications of rising interest rates, why it’s best to avoid anxiety over unpredictability, and how to retrain your psyche to make smarter financial decisions.


Key Takeaways

  • [00:17] - An intro to this episode, the joys of family vacations, and Doug’s guide to wine tasting in Sonoma. 
  • [09:07] - Why New Orleans is a great place to be. 
  • [13:10] - How Greg and Doug view today's markets, who can best take advantage of the volatility, and how to remove psychological blocks and invest in a downturn.
  • [21:16] - How Verdad Capital and others are forcibly encouraging investors to buy-in when a crisis hits. 
  • [25:32] - Greg and Doug’s closing thoughts. 


Quotes

[14:13] - “Our job really as portfolio managers and as advisors is to try to put context in these types of situations for clients that these are normal types of market events. Historically, if you look at the stock market from 1980 to present you get an intra-year decline.” ~ Greg Stokes

[17:50] - “The rise in interest rates has afforded people the ability to not be as aggressive as they had to be maybe last year or the year before to achieve a reasonable rate of return.” ~ Doug Stokes

[20:02] - “The sort of psychological issue is that when things go on sale in the stock and bond markets, it’s really hard to take advantage of that because the human aspect of investing is that things are going to continue to get worse, which they might, but it really is a good opportunity if you look at it through the lens of the long-term, you try to separate your natural psychology from the situation.” ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1666 no Predicting an Unpredictable Market Bull or bear? Always the question and (almost) always difficult to answer. Especially in 2022. Between the Russia-Ukraine invasion, rising interest rates, and spiked inflation, the markets have been up and down. And it’s incredibly difficult to take a hint from what’s happening when deciding whether to invest or play it safe.  Given today’s turmoil, it’s important to consider what’s worked in crisis markets of the past and what indicators signal it’s time to “go long” with your investments. CNN, Vanguard, and BlackRock have different ideas on where things are headed, short-term and long-term. But is it always best to trust the investor experts? And if so, which experts should you trust?  This week, Doug and Greg discuss what rising fear and uncertainty mean for today’s tricky markets, why now is the best time to look overseas for property purchases, how to manage rising inflation, and why the best investors don’t always dish out the best financial advice.  Key Takeaways [00:18] - Why a rise in general fear is a contrarian indicator for today’s financial markets.  [09:34] - Why it’s important to remain cautious about rising inflation.  [11:48] - How the markets have evolved and what the experts think about prospective returns.  [16:54] - Why now is the best time to explore international real estate.  [21:30] - Why rising interest rates are a positive thing for investors.  Quotes [02:48] - “It’s counterintuitive to buy when there’s fear and panic, but that really is the best time to buy if you look at history.” ~ Greg Stokes [06:13] - “Generally speaking, being a human being is not something that helps you in terms of emotions from an investment standpoint. Typically, if you look back at history, if the crowd is doing something, either buying or selling at a high clip, it’s usually a contrarian indicator one way or another.” ~ Greg Stokes [12:39] - “It’s not really a valuation-driven sentiment change in terms of just general markets. I think rising interest rates, rising inflation is really the concern here while a year ago it was more about, can companies really grow into the valuations they’re receiving?” ~ Doug Stokes Links  CNN’s Fear & Greed Index When Fear Runs High, Time To Buy?  Charlie Bilello  Crisis Investing: How To Maximize Returns During Market Panics Ken Fisher Always Buy High Uncertainty. Certainty In the Stock Market Is Very Expensive. Vanguard Market Perspectives: February 2022 BlackRock Capital Market Assumptions Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 10 May 2022 07:00:00 -0000 Predicting an Unpredictable Market full 1 15 Stokes Family Office Bull or bear? Always the question and (almost) always difficult to answer. Especially in 2022. Between the Russia-Ukraine invasion, rising interest rates, and spiked inflation, the markets have been up and down. And it’s incredibly difficult to take a hint from what’s happening when deciding whether to invest or play it safe.  Given today’s turmoil, it’s important to consider what’s worked in crisis markets of the past and what indicators signal it’s time to “go long” with your investments. CNN, Vanguard, and BlackRock have different ideas on where things are headed, short-term and long-term. But is it always best to trust the investor experts? And if so, which experts should you trust?  This week, Doug and Greg discuss what rising fear and uncertainty mean for today’s tricky markets, why now is the best time to look overseas for property purchases, how to manage rising inflation, and why the best investors don’t always dish out the best financial advice.  Key Takeaways [00:18] - Why a rise in general fear is a contrarian indicator for today’s financial markets.  [09:34] - Why it’s important to remain cautious about rising inflation.  [11:48] - How the markets have evolved and what the experts think about prospective returns.  [16:54] - Why now is the best time to explore international real estate.  [21:30] - Why rising interest rates are a positive thing for investors.  Quotes [02:48] - “It’s counterintuitive to buy when there’s fear and panic, but that really is the best time to buy if you look at history.” ~ Greg Stokes [06:13] - “Generally speaking, being a human being is not something that helps you in terms of emotions from an investment standpoint. Typically, if you look back at history, if the crowd is doing something, either buying or selling at a high clip, it’s usually a contrarian indicator one way or another.” ~ Greg Stokes [12:39] - “It’s not really a valuation-driven sentiment change in terms of just general markets. I think rising interest rates, rising inflation is really the concern here while a year ago it was more about, can companies really grow into the valuations they’re receiving?” ~ Doug Stokes Links  CNN’s Fear & Greed Index When Fear Runs High, Time To Buy?  Charlie Bilello  Crisis Investing: How To Maximize Returns During Market Panics Ken Fisher Always Buy High Uncertainty. Certainty In the Stock Market Is Very Expensive. Vanguard Market Perspectives: February 2022 BlackRock Capital Market Assumptions Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Bull or bear? Always the question and (almost) always difficult to answer. Especially in 2022. Between the Russia-Ukraine invasion, rising interest rates, and spiked inflation, the markets have been up and down. And it’s incredibly difficult to take a hint from what’s happening when deciding whether to invest or play it safe. 

Given today’s turmoil, it’s important to consider what’s worked in crisis markets of the past and what indicators signal it’s time to “go long” with your investments. CNN, Vanguard, and BlackRock have different ideas on where things are headed, short-term and long-term. But is it always best to trust the investor experts? And if so, which experts should you trust? 

This week, Doug and Greg discuss what rising fear and uncertainty mean for today’s tricky markets, why now is the best time to look overseas for property purchases, how to manage rising inflation, and why the best investors don’t always dish out the best financial advice. 


Key Takeaways

  • [00:18] - Why a rise in general fear is a contrarian indicator for today’s financial markets. 
  • [09:34] - Why it’s important to remain cautious about rising inflation. 
  • [11:48] - How the markets have evolved and what the experts think about prospective returns. 
  • [16:54] - Why now is the best time to explore international real estate. 
  • [21:30] - Why rising interest rates are a positive thing for investors. 


Quotes

[02:48] - “It’s counterintuitive to buy when there’s fear and panic, but that really is the best time to buy if you look at history.” ~ Greg Stokes

[06:13] - “Generally speaking, being a human being is not something that helps you in terms of emotions from an investment standpoint. Typically, if you look back at history, if the crowd is doing something, either buying or selling at a high clip, it’s usually a contrarian indicator one way or another.” ~ Greg Stokes

[12:39] - “It’s not really a valuation-driven sentiment change in terms of just general markets. I think rising interest rates, rising inflation is really the concern here while a year ago it was more about, can companies really grow into the valuations they’re receiving?” ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1718 no Inside the Mind of a Homebuyer and a Look on the Bright Side Despite dealing with the aftermath of a global pandemic, an unpredictable stock market, and record-breaking inflation, life in 2022 may not be as bad as you think it is. 150 years ago, the richest people in America didn’t have easy access to basic commodities like air conditioning and ice, not to mention apps that deliver food and streaming services playing everything you can imagine.  Rising interest rates, higher mortgage payments, and a low inventory can make it feel like a crazy time to be buying a house right now. But real estate has more value than just a percentage point and, like all major decisions in life, there are several factors at play when deciding to buy a home.  This week, Doug and Greg discuss why it’s easier to stay optimistic than you might think, the best way to manage client expectations regardless of the times we’re living in, and why rising interest rates don’t necessarily throw a wrench in your real estate plans.  Key Takeaways [00:59] - Why there’s a lot to be optimistic about and the key to managing expectations in the stock market and in life. [10:18] - How the rise of interest rates and mortgage payments will impact real estate.  [23:33] - Who Doug and Greg bet on at the Masters.  Quotes [09:27] - “The last thing that I would want to do is plan on some historical rate of return that makes the numbers look fabulous and then way undershoot that, for one reason or another. I think it’s really good from a psychological standpoint to maintain those reasonable expectations that returns are going to be more muted in the future and if you beat them then that’s great.” ~ Greg Stokes [10:06] - “You could end up in the same exact place, but if you have the expectations of higher outcomes at the outset then you’re disappointed versus ecstatic.” ~ Doug Stokes [12:40] - “I think we’re in a situation where theoretically we could have a rise in mortgage rates like we’re experiencing in the first half of 2022, coinciding with either a steady price of homes or even a continued increase of the value of homes, which would be extremely interesting.” ~ Doug Stokes Links  Surprise, Shock, and Uncertainty Ten Global Trends Every Smart Person Should Know: And Many Others You Will Find Interesting  Growth Without Goals Can Home Prices and Interest Rates Soar at the Same Time?  The increase in 30-year fixed mortgage rates Caesars Sportsbook Tiger Woods Jon Rahm Sergio Garcia Bryson DeChambeau  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 03 May 2022 07:00:00 -0000 Inside the Mind of a Homebuyer and a Look on the Bright Side full 1 14 Stokes Family Office Despite dealing with the aftermath of a global pandemic, an unpredictable stock market, and record-breaking inflation, life in 2022 may not be as bad as you think it is. 150 years ago, the richest people in America didn’t have easy access to basic commodities like air conditioning and ice, not to mention apps that deliver food and streaming services playing everything you can imagine.  Rising interest rates, higher mortgage payments, and a low inventory can make it feel like a crazy time to be buying a house right now. But real estate has more value than just a percentage point and, like all major decisions in life, there are several factors at play when deciding to buy a home.  This week, Doug and Greg discuss why it’s easier to stay optimistic than you might think, the best way to manage client expectations regardless of the times we’re living in, and why rising interest rates don’t necessarily throw a wrench in your real estate plans.  Key Takeaways [00:59] - Why there’s a lot to be optimistic about and the key to managing expectations in the stock market and in life. [10:18] - How the rise of interest rates and mortgage payments will impact real estate.  [23:33] - Who Doug and Greg bet on at the Masters.  Quotes [09:27] - “The last thing that I would want to do is plan on some historical rate of return that makes the numbers look fabulous and then way undershoot that, for one reason or another. I think it’s really good from a psychological standpoint to maintain those reasonable expectations that returns are going to be more muted in the future and if you beat them then that’s great.” ~ Greg Stokes [10:06] - “You could end up in the same exact place, but if you have the expectations of higher outcomes at the outset then you’re disappointed versus ecstatic.” ~ Doug Stokes [12:40] - “I think we’re in a situation where theoretically we could have a rise in mortgage rates like we’re experiencing in the first half of 2022, coinciding with either a steady price of homes or even a continued increase of the value of homes, which would be extremely interesting.” ~ Doug Stokes Links  Surprise, Shock, and Uncertainty Ten Global Trends Every Smart Person Should Know: And Many Others You Will Find Interesting  Growth Without Goals Can Home Prices and Interest Rates Soar at the Same Time?  The increase in 30-year fixed mortgage rates Caesars Sportsbook Tiger Woods Jon Rahm Sergio Garcia Bryson DeChambeau  Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Despite dealing with the aftermath of a global pandemic, an unpredictable stock market, and record-breaking inflation, life in 2022 may not be as bad as you think it is. 150 years ago, the richest people in America didn’t have easy access to basic commodities like air conditioning and ice, not to mention apps that deliver food and streaming services playing everything you can imagine. 

Rising interest rates, higher mortgage payments, and a low inventory can make it feel like a crazy time to be buying a house right now. But real estate has more value than just a percentage point and, like all major decisions in life, there are several factors at play when deciding to buy a home. 

This week, Doug and Greg discuss why it’s easier to stay optimistic than you might think, the best way to manage client expectations regardless of the times we’re living in, and why rising interest rates don’t necessarily throw a wrench in your real estate plans. 


Key Takeaways

  • [00:59] - Why there’s a lot to be optimistic about and the key to managing expectations in the stock market and in life.
  • [10:18] - How the rise of interest rates and mortgage payments will impact real estate. 
  • [23:33] - Who Doug and Greg bet on at the Masters. 


Quotes

[09:27] - “The last thing that I would want to do is plan on some historical rate of return that makes the numbers look fabulous and then way undershoot that, for one reason or another. I think it’s really good from a psychological standpoint to maintain those reasonable expectations that returns are going to be more muted in the future and if you beat them then that’s great.” ~ Greg Stokes

[10:06] - “You could end up in the same exact place, but if you have the expectations of higher outcomes at the outset then you’re disappointed versus ecstatic.” ~ Doug Stokes

[12:40] - “I think we’re in a situation where theoretically we could have a rise in mortgage rates like we’re experiencing in the first half of 2022, coinciding with either a steady price of homes or even a continued increase of the value of homes, which would be extremely interesting.” ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1710 no Staying Sane Through Volatile Markets If the past few months have reminded us of anything, it’s that market volatility is constant and unpredictable. With the spread of information accelerating faster than ever, global volatility now matches that of the market in (seemingly) real-time.  So it’s no surprise that such upheaval takes a toll on our psyche as investors. But if there’s one thing we can predict, it’s that volatility isn’t going anywhere and we have to prepare for it, financially and mentally.  Although it sounds like an oxymoron, there are ways to prepare for the unpredictable. And there are ways to protect yourself psychologically, even if those protections go against popular financial advice. This week, Doug and Greg discuss how to combat the psychological strain of volatile markets, why the market reacts the way it does to world disaster, and what the yield curve tells us about a recession in 2022.  Key Takeaways [00:21] - Why taking time to travel (with your spouse) is important. [06:50] - Why major world downturns have a positive impact on the market. [11:29] - How to deal with “flash crashes” and overall market volatility psychologically. [17:26] - What the yield curve means for an upcoming recession.  Quotes [14:38] - “The level of volatility and equities just improves the use case for direct indexing and custom indexing. Basically what that means is instead of owning the S & P 500, you own the component parts.” ~ Doug Stokes [15:48] - “For people that do potentially need a portion of their assets, from a psychological standpoint those assets over a defined period of time shouldn’t be invested in the markets. Because if you have your next month’s living needs in the market and you’re watching this kind of thing it can really be difficult from a psychological standpoint.” ~ Greg Stokes [23:37] - “The general rule here is, you anticipate recessions are going to occur over a lifetime, multiple recessions, and you design a portfolio in accordance with that sort of logic.” ~ Doug Stokes Links  Covid lethality trends How Americans spend their lives Why travel is the best way to spend money The worst thing you can spend money on Why keeping cash is good for your psychology Yield curve inversion explained (part I) Yield curve inversion explained (part II) Yield curve inversion explained (part III) Yield curve inversion explained (part IV) Alibaba JD.com Stokes Family Office: April 2020 Market Update feat. Patrick O’Shaughnessy Understanding Inflation and Countercyclical Indexing with Cullen Roche Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 26 Apr 2022 07:00:00 -0000 Staying Sane Through Volatile Markets full 1 13 Stokes Family Office If the past few months have reminded us of anything, it’s that market volatility is constant and unpredictable. With the spread of information accelerating faster than ever, global volatility now matches that of the market in (seemingly) real-time.  So it’s no surprise that such upheaval takes a toll on our psyche as investors. But if there’s one thing we can predict, it’s that volatility isn’t going anywhere and we have to prepare for it, financially and mentally.  Although it sounds like an oxymoron, there are ways to prepare for the unpredictable. And there are ways to protect yourself psychologically, even if those protections go against popular financial advice. This week, Doug and Greg discuss how to combat the psychological strain of volatile markets, why the market reacts the way it does to world disaster, and what the yield curve tells us about a recession in 2022.  Key Takeaways [00:21] - Why taking time to travel (with your spouse) is important. [06:50] - Why major world downturns have a positive impact on the market. [11:29] - How to deal with “flash crashes” and overall market volatility psychologically. [17:26] - What the yield curve means for an upcoming recession.  Quotes [14:38] - “The level of volatility and equities just improves the use case for direct indexing and custom indexing. Basically what that means is instead of owning the S & P 500, you own the component parts.” ~ Doug Stokes [15:48] - “For people that do potentially need a portion of their assets, from a psychological standpoint those assets over a defined period of time shouldn’t be invested in the markets. Because if you have your next month’s living needs in the market and you’re watching this kind of thing it can really be difficult from a psychological standpoint.” ~ Greg Stokes [23:37] - “The general rule here is, you anticipate recessions are going to occur over a lifetime, multiple recessions, and you design a portfolio in accordance with that sort of logic.” ~ Doug Stokes Links  Covid lethality trends How Americans spend their lives Why travel is the best way to spend money The worst thing you can spend money on Why keeping cash is good for your psychology Yield curve inversion explained (part I) Yield curve inversion explained (part II) Yield curve inversion explained (part III) Yield curve inversion explained (part IV) Alibaba JD.com Stokes Family Office: April 2020 Market Update feat. Patrick O’Shaughnessy Understanding Inflation and Countercyclical Indexing with Cullen Roche Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. If the past few months have reminded us of anything, it’s that market volatility is constant and unpredictable. With the spread of information accelerating faster than ever, global volatility now matches that of the market in (seemingly) real-time. 

So it’s no surprise that such upheaval takes a toll on our psyche as investors. But if there’s one thing we can predict, it’s that volatility isn’t going anywhere and we have to prepare for it, financially and mentally. 

Although it sounds like an oxymoron, there are ways to prepare for the unpredictable. And there are ways to protect yourself psychologically, even if those protections go against popular financial advice.

This week, Doug and Greg discuss how to combat the psychological strain of volatile markets, why the market reacts the way it does to world disaster, and what the yield curve tells us about a recession in 2022. 


Key Takeaways

  • [00:21] - Why taking time to travel (with your spouse) is important.
  • [06:50] - Why major world downturns have a positive impact on the market.
  • [11:29] - How to deal with “flash crashes” and overall market volatility psychologically.
  • [17:26] - What the yield curve means for an upcoming recession. 


Quotes

[14:38] - “The level of volatility and equities just improves the use case for direct indexing and custom indexing. Basically what that means is instead of owning the S & P 500, you own the component parts.” ~ Doug Stokes

[15:48] - “For people that do potentially need a portion of their assets, from a psychological standpoint those assets over a defined period of time shouldn’t be invested in the markets. Because if you have your next month’s living needs in the market and you’re watching this kind of thing it can really be difficult from a psychological standpoint.” ~ Greg Stokes

[23:37] - “The general rule here is, you anticipate recessions are going to occur over a lifetime, multiple recessions, and you design a portfolio in accordance with that sort of logic.” ~ Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1543 no The Opportunity in Opportunity Zones with Joe Truhe With America more divided than ever before, few things have the power to bring together both sides of the political spectrum. The Opportunity Zone program is one of those rarities specially designed to satisfy political opposites. Not to mention, dramatically improving the community around us.  But some businesses and individuals are hesitant about holding an investment for 10 years, or maybe they only remember the policy’s flawed origin story. An expert on all things Opportunity Zones, Joe Truhe from Jefferson Capital Partners is here to demystify the program’s complexities and core benefits.  In this episode, Joe talks with Doug and Greg about the benefits – both financial and humanitarian – of the Opportunity Zone program, including how the program manages to merge oppositional thinking, how OZs work in practice, and why the program fits perfectly within Jefferson Capital’s core strategy. Key Takeaways [00:52] - What are Opportunity Zones?  [02:30] - How the Opportunity Zone program marries both sides of the political spectrum and how it actually works in practice.  [08:31] - How individuals can use Opportunity Zones to invest in a business. [11:27] - Why real estate investment took off in Opportunity Zones and what future law changes mean for current OZ investments.  [15:27] - Why the 10-year hold is a drawback for many.  [17:15] - What happens when you sell a company within that 10-year window. [20:18] - The real financial benefits of the Opportunity Zone program.  [27:07] - How the Opportunity Zone program fits within Jefferson Capital’s core strategy.  Quotes [02:20] - “The Opportunity Zone program is designed to get both sides of the political landscape to join on economic development in otherwise underserved communities.” ~ Joe Truhe [28:49] - “These are times of opportunity for us, no pun intended, but you can sort of lean into the chaos and grab market share with private investment where you may not be able to in a public company. That’s the illiquidity trade-off.” ~ Joe Truhe Links  Joe Truhe Jefferson Capital Partners Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 19 Apr 2022 07:00:00 -0000 The Opportunity in Opportunity Zones with Joe Truhe full 1 12 Stokes Family Office With America more divided than ever before, few things have the power to bring together both sides of the political spectrum. The Opportunity Zone program is one of those rarities specially designed to satisfy political opposites. Not to mention, dramatically improving the community around us.  But some businesses and individuals are hesitant about holding an investment for 10 years, or maybe they only remember the policy’s flawed origin story. An expert on all things Opportunity Zones, Joe Truhe from Jefferson Capital Partners is here to demystify the program’s complexities and core benefits.  In this episode, Joe talks with Doug and Greg about the benefits – both financial and humanitarian – of the Opportunity Zone program, including how the program manages to merge oppositional thinking, how OZs work in practice, and why the program fits perfectly within Jefferson Capital’s core strategy. Key Takeaways [00:52] - What are Opportunity Zones?  [02:30] - How the Opportunity Zone program marries both sides of the political spectrum and how it actually works in practice.  [08:31] - How individuals can use Opportunity Zones to invest in a business. [11:27] - Why real estate investment took off in Opportunity Zones and what future law changes mean for current OZ investments.  [15:27] - Why the 10-year hold is a drawback for many.  [17:15] - What happens when you sell a company within that 10-year window. [20:18] - The real financial benefits of the Opportunity Zone program.  [27:07] - How the Opportunity Zone program fits within Jefferson Capital’s core strategy.  Quotes [02:20] - “The Opportunity Zone program is designed to get both sides of the political landscape to join on economic development in otherwise underserved communities.” ~ Joe Truhe [28:49] - “These are times of opportunity for us, no pun intended, but you can sort of lean into the chaos and grab market share with private investment where you may not be able to in a public company. That’s the illiquidity trade-off.” ~ Joe Truhe Links  Joe Truhe Jefferson Capital Partners Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. With America more divided than ever before, few things have the power to bring together both sides of the political spectrum. The Opportunity Zone program is one of those rarities specially designed to satisfy political opposites. Not to mention, dramatically improving the community around us. 

But some businesses and individuals are hesitant about holding an investment for 10 years, or maybe they only remember the policy’s flawed origin story. An expert on all things Opportunity Zones, Joe Truhe from Jefferson Capital Partners is here to demystify the program’s complexities and core benefits. 

In this episode, Joe talks with Doug and Greg about the benefits – both financial and humanitarian – of the Opportunity Zone program, including how the program manages to merge oppositional thinking, how OZs work in practice, and why the program fits perfectly within Jefferson Capital’s core strategy.


Key Takeaways

  • [00:52] - What are Opportunity Zones? 
  • [02:30] - How the Opportunity Zone program marries both sides of the political spectrum and how it actually works in practice. 
  • [08:31] - How individuals can use Opportunity Zones to invest in a business.
  • [11:27] - Why real estate investment took off in Opportunity Zones and what future law changes mean for current OZ investments. 
  • [15:27] - Why the 10-year hold is a drawback for many. 
  • [17:15] - What happens when you sell a company within that 10-year window.
  • [20:18] - The real financial benefits of the Opportunity Zone program. 
  • [27:07] - How the Opportunity Zone program fits within Jefferson Capital’s core strategy. 


Quotes

[02:20] - “The Opportunity Zone program is designed to get both sides of the political landscape to join on economic development in otherwise underserved communities.” ~ Joe Truhe

[28:49] - “These are times of opportunity for us, no pun intended, but you can sort of lean into the chaos and grab market share with private investment where you may not be able to in a public company. That’s the illiquidity trade-off.” ~ Joe Truhe


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1879 no Becker Hall and Barrett Cooper: Why Audiences Still Crave a Live Experience If there’s one industry that’s been uprooted since March 2020, it’s live entertainment. Just as leaders within tourism and hospitality have struggled to regain ground, runners of festivals and owners of live theaters have unleashed a wheelhouse of creativity just to stay afloat and continue serving the communities and artists around them. In this episode, Greg and Doug talk with Becker Hall, CEO of Hogs For The Cause, and Barrett Cooper, COO of ERG Enterprises.  Although Becker manages the unpredictability of live outdoor events and Barrett the difficult task of positioning The Orpheum as a go-to experience, they’ve both developed unique ways to offset inflation, navigate a growing labor shortage, and encourage consumers to leave their living rooms for an in-person escape.  Greg and Doug talk with Becker and Barrett about staying afloat during a global pandemic, navigating an unpredictable return to live events, what’s necessary to survive in the live entertainment business, and what audiences crave now more than ever.  Key Takeaways [00:39] - What it’s like running a festival in 2022.  [02:22] - The profit breakdown and how Becker offsets the cost of inflation.  [04:06] - How entertainment venues like The Orpheum manage to stay afloat.  [04:41] - How Becker and Barrett find creative ways to increase their revenue streams and offset inflation.  [08:01] - The impact that 2020 federal stimulus programs had on Barrett and Becker’s businesses.  [12:57] - Why there’s a massive labor supply gap.  [16:53] - Navigating the rising cost of musicians.  [22:07] - What it’s like operating an outdoor event in a subtropical climate.  [27:54] - How Barrett positions The Orpheum as the go-to theater for up-and-coming artists.  [31:39] - How Barrett has capitalized on a new attraction to entice audiences, improve customer experience, and bolster The Orpheum’s revenue streams.  Quotes [01:58] - “I will tell you, if you want to put on a music festival, you better be making money somewhere, because it’s usually a loss leader for people and some kind of tax break that brings in some goodwill for the community and the environment doing it.” ~ Becker Hall [05:25] - “Just because we’re a non-profit or maybe just a private event, we still think like any privately-traded company. We’re focused on growth and you’ve got to be focused on growth year over year knowing that a lot of the expenses are going to pile up and get higher and higher.” ~ Becker Hall [20:40] - “If we can focus on that experience, that moment of escape, that’s what people I think really demand right now; a moment separate from all the static and noise of the world.” ~ Barrett Cooper [32:52] - “Coming out of COVID, again, it’s the whole escape from reality, lose yourself in something beyond just a good cocktail. It’s a good cocktail plus a story and that’s what we’re trying to sell.” ~ Barrett Cooper Links  Becker Hall Barrett Cooper Hogs For The Cause ERG Enterprises The Orpheum Theater French Quarter Festival New Orleans Jazz & Heritage Festival AEG Live Nation Jon Batiste The Late Show with Stephen Colbert Mardi Gras Voice of the Wetlands Festival Dr. John Saenger Theatre The Fillmore Winter Circle Productions Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 12 Apr 2022 07:00:00 -0000 Becker Hall and Barrett Cooper: Why Audiences Still Crave a Live Experience full 1 11 Stokes Family Office If there’s one industry that’s been uprooted since March 2020, it’s live entertainment. Just as leaders within tourism and hospitality have struggled to regain ground, runners of festivals and owners of live theaters have unleashed a wheelhouse of creativity just to stay afloat and continue serving the communities and artists around them. In this episode, Greg and Doug talk with Becker Hall, CEO of Hogs For The Cause, and Barrett Cooper, COO of ERG Enterprises.  Although Becker manages the unpredictability of live outdoor events and Barrett the difficult task of positioning The Orpheum as a go-to experience, they’ve both developed unique ways to offset inflation, navigate a growing labor shortage, and encourage consumers to leave their living rooms for an in-person escape.  Greg and Doug talk with Becker and Barrett about staying afloat during a global pandemic, navigating an unpredictable return to live events, what’s necessary to survive in the live entertainment business, and what audiences crave now more than ever.  Key Takeaways [00:39] - What it’s like running a festival in 2022.  [02:22] - The profit breakdown and how Becker offsets the cost of inflation.  [04:06] - How entertainment venues like The Orpheum manage to stay afloat.  [04:41] - How Becker and Barrett find creative ways to increase their revenue streams and offset inflation.  [08:01] - The impact that 2020 federal stimulus programs had on Barrett and Becker’s businesses.  [12:57] - Why there’s a massive labor supply gap.  [16:53] - Navigating the rising cost of musicians.  [22:07] - What it’s like operating an outdoor event in a subtropical climate.  [27:54] - How Barrett positions The Orpheum as the go-to theater for up-and-coming artists.  [31:39] - How Barrett has capitalized on a new attraction to entice audiences, improve customer experience, and bolster The Orpheum’s revenue streams.  Quotes [01:58] - “I will tell you, if you want to put on a music festival, you better be making money somewhere, because it’s usually a loss leader for people and some kind of tax break that brings in some goodwill for the community and the environment doing it.” ~ Becker Hall [05:25] - “Just because we’re a non-profit or maybe just a private event, we still think like any privately-traded company. We’re focused on growth and you’ve got to be focused on growth year over year knowing that a lot of the expenses are going to pile up and get higher and higher.” ~ Becker Hall [20:40] - “If we can focus on that experience, that moment of escape, that’s what people I think really demand right now; a moment separate from all the static and noise of the world.” ~ Barrett Cooper [32:52] - “Coming out of COVID, again, it’s the whole escape from reality, lose yourself in something beyond just a good cocktail. It’s a good cocktail plus a story and that’s what we’re trying to sell.” ~ Barrett Cooper Links  Becker Hall Barrett Cooper Hogs For The Cause ERG Enterprises The Orpheum Theater French Quarter Festival New Orleans Jazz & Heritage Festival AEG Live Nation Jon Batiste The Late Show with Stephen Colbert Mardi Gras Voice of the Wetlands Festival Dr. John Saenger Theatre The Fillmore Winter Circle Productions Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. If there’s one industry that’s been uprooted since March 2020, it’s live entertainment. Just as leaders within tourism and hospitality have struggled to regain ground, runners of festivals and owners of live theaters have unleashed a wheelhouse of creativity just to stay afloat and continue serving the communities and artists around them.

In this episode, Greg and Doug talk with Becker Hall, CEO of Hogs For The Cause, and Barrett Cooper, COO of ERG Enterprises. 

Although Becker manages the unpredictability of live outdoor events and Barrett the difficult task of positioning The Orpheum as a go-to experience, they’ve both developed unique ways to offset inflation, navigate a growing labor shortage, and encourage consumers to leave their living rooms for an in-person escape. 

Greg and Doug talk with Becker and Barrett about staying afloat during a global pandemic, navigating an unpredictable return to live events, what’s necessary to survive in the live entertainment business, and what audiences crave now more than ever. 


Key Takeaways

  • [00:39] - What it’s like running a festival in 2022. 
  • [02:22] - The profit breakdown and how Becker offsets the cost of inflation. 
  • [04:06] - How entertainment venues like The Orpheum manage to stay afloat. 
  • [04:41] - How Becker and Barrett find creative ways to increase their revenue streams and offset inflation. 
  • [08:01] - The impact that 2020 federal stimulus programs had on Barrett and Becker’s businesses. 
  • [12:57] - Why there’s a massive labor supply gap. 
  • [16:53] - Navigating the rising cost of musicians. 
  • [22:07] - What it’s like operating an outdoor event in a subtropical climate. 
  • [27:54] - How Barrett positions The Orpheum as the go-to theater for up-and-coming artists. 
  • [31:39] - How Barrett has capitalized on a new attraction to entice audiences, improve customer experience, and bolster The Orpheum’s revenue streams. 


Quotes

[01:58] - “I will tell you, if you want to put on a music festival, you better be making money somewhere, because it’s usually a loss leader for people and some kind of tax break that brings in some goodwill for the community and the environment doing it.” ~ Becker Hall

[05:25] - “Just because we’re a non-profit or maybe just a private event, we still think like any privately-traded company. We’re focused on growth and you’ve got to be focused on growth year over year knowing that a lot of the expenses are going to pile up and get higher and higher.” ~ Becker Hall

[20:40] - “If we can focus on that experience, that moment of escape, that’s what people I think really demand right now; a moment separate from all the static and noise of the world.” ~ Barrett Cooper

[32:52] - “Coming out of COVID, again, it’s the whole escape from reality, lose yourself in something beyond just a good cocktail. It’s a good cocktail plus a story and that’s what we’re trying to sell.” ~ Barrett Cooper


Links 


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2071 no Russian Invasion: Ramifications on Inflation and the Markets Russia’s invasion of Ukraine is a humanitarian crisis that’s gripped the globe. While difficult to comprehend on a human level, the economic impact of a widespread European conflict can be equally as complicated to unpack. From inflation to rising gas prices to seemingly unpredictable markets, the state of our economy is enough to make most panic. Luckily, understanding why the Russian-Ukraine conflict has increased inflation and what our government is doing to combat rising costs can dissolve some of that panic. This week, Doug and Greg discuss the recent market volatility and ramifications of the Russian invasion of Ukraine, unpacking why globalization impacts interest rates, the surefire way to combat market volatility, and why it’s pointless to panic about an imminent economic recession.  Key Takeaways [00:39] - What Doug thinks about today’s volatile market.  [07:35] - Why a recession may be on the horizon. [10:31] - How much of inflation is demand-driven versus supply-driven. [11:07] - How projections on the war in Ukraine have shifted and how inflation and supply chain issues will continue to impact developing countries. [15:41] - How investors should respond to volatility. [17:10] - Why today’s volatility highlights the importance of diversification. [19:37] - Why you shouldn’t panic about an imminent recession. Quotes [09:29] - “The silver lining here is that – and we talked about this on a prior podcast – households are in fantastic shape and debt service payments, specifically mortgage as a percentage of disposable income, were at all-time lows before rates crept up.” ~ Doug Stokes [15:49] - “The range of outcomes is so wide here that I think diversification is the ultimate winner in this sort of framework.” ~ Doug Stokes [17:47] - “Oil and commodities really have been vindicated as an asset class the last couple years and it really goes to show the importance of diversification. Because the human instinct is to go with what’s worked in the past and that absolutely has not worked in the past but it’s working like magic this year.” ~ Greg Stokes Links  Cullen Roche Twitter Bill McBride Derek Thompson Chevron Exxon Lemonade Datadog Upstart Peleton Ben Carlson Morgan Housel  The Psychology of Money Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 05 Apr 2022 07:00:00 -0000 Russian Invasion: Ramifications on Inflation and the Markets full 1 10 Stokes Family Office Russia’s invasion of Ukraine is a humanitarian crisis that’s gripped the globe. While difficult to comprehend on a human level, the economic impact of a widespread European conflict can be equally as complicated to unpack. From inflation to rising gas prices to seemingly unpredictable markets, the state of our economy is enough to make most panic. Luckily, understanding why the Russian-Ukraine conflict has increased inflation and what our government is doing to combat rising costs can dissolve some of that panic. This week, Doug and Greg discuss the recent market volatility and ramifications of the Russian invasion of Ukraine, unpacking why globalization impacts interest rates, the surefire way to combat market volatility, and why it’s pointless to panic about an imminent economic recession.  Key Takeaways [00:39] - What Doug thinks about today’s volatile market.  [07:35] - Why a recession may be on the horizon. [10:31] - How much of inflation is demand-driven versus supply-driven. [11:07] - How projections on the war in Ukraine have shifted and how inflation and supply chain issues will continue to impact developing countries. [15:41] - How investors should respond to volatility. [17:10] - Why today’s volatility highlights the importance of diversification. [19:37] - Why you shouldn’t panic about an imminent recession. Quotes [09:29] - “The silver lining here is that – and we talked about this on a prior podcast – households are in fantastic shape and debt service payments, specifically mortgage as a percentage of disposable income, were at all-time lows before rates crept up.” ~ Doug Stokes [15:49] - “The range of outcomes is so wide here that I think diversification is the ultimate winner in this sort of framework.” ~ Doug Stokes [17:47] - “Oil and commodities really have been vindicated as an asset class the last couple years and it really goes to show the importance of diversification. Because the human instinct is to go with what’s worked in the past and that absolutely has not worked in the past but it’s working like magic this year.” ~ Greg Stokes Links  Cullen Roche Twitter Bill McBride Derek Thompson Chevron Exxon Lemonade Datadog Upstart Peleton Ben Carlson Morgan Housel  The Psychology of Money Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Russia’s invasion of Ukraine is a humanitarian crisis that’s gripped the globe. While difficult to comprehend on a human level, the economic impact of a widespread European conflict can be equally as complicated to unpack.

From inflation to rising gas prices to seemingly unpredictable markets, the state of our economy is enough to make most panic. Luckily, understanding why the Russian-Ukraine conflict has increased inflation and what our government is doing to combat rising costs can dissolve some of that panic.

This week, Doug and Greg discuss the recent market volatility and ramifications of the Russian invasion of Ukraine, unpacking why globalization impacts interest rates, the surefire way to combat market volatility, and why it’s pointless to panic about an imminent economic recession. 


Key Takeaways

  • [00:39] - What Doug thinks about today’s volatile market. 
  • [07:35] - Why a recession may be on the horizon.
  • [10:31] - How much of inflation is demand-driven versus supply-driven.
  • [11:07] - How projections on the war in Ukraine have shifted and how inflation and supply chain issues will continue to impact developing countries.
  • [15:41] - How investors should respond to volatility.
  • [17:10] - Why today’s volatility highlights the importance of diversification.
  • [19:37] - Why you shouldn’t panic about an imminent recession.


Quotes

[09:29] - “The silver lining here is that – and we talked about this on a prior podcast – households are in fantastic shape and debt service payments, specifically mortgage as a percentage of disposable income, were at all-time lows before rates crept up.” ~ Doug Stokes

[15:49] - “The range of outcomes is so wide here that I think diversification is the ultimate winner in this sort of framework.” ~ Doug Stokes

[17:47] - “Oil and commodities really have been vindicated as an asset class the last couple years and it really goes to show the importance of diversification. Because the human instinct is to go with what’s worked in the past and that absolutely has not worked in the past but it’s working like magic this year.” ~ Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1512 no Economic Development and Trends in New Orleans with Peter Ricchiuti In this episode, Doug and Greg talk with Peter Ricchiuti, Founder and Director of Burkenroad Reports. Peter started Tulane’s nationally acclaimed student stock research program Burkenroad in 1993. Since then, he has mentored hundreds of students about underpriced and overlooked stocks in southern states. Before that, Peter also served as the Chief Investment Officer for the state of Louisiana. Peter talks with Doug and Greg about overlooked stocks, the impact of the pandemic on the decline in birth rate, and trends in the markets of different states, especially New Orleans. Key Takeaways [03:30] - Stock Under The Rocks. [04:40] -  The Burkenroad Mutual Fund. [07:46] - Peter’s insights on the future of the markets. [09:01] - How COVID sped up the progress of inflation. [15:56] - What’s the Baltic Dry Index? [17:06] - What happens after an inverted deal curve? [22:05] - How big is the impact of the top six companies? [24:16] - Why you should not focus on the market-cap-weighted index. [25:41] - Do oil companies affect other entities in the market? [28:00] - Can Louisiana be a renewable state? [32:35] - Pumping money into startups in New Orleans. Quotes [20:31] - “I think one of the big problems we have in the country is tremendous income, inequality, wealth inequality, economic opportunity inequality. And I think that's leading to a couple of big trends.” - Peter Ricchiuti [22:55] - “Indexing in other asset class, small-cap, mid-cap stocks, international, they just look flat out more inviting. On the international side, I think the average American has 90% to 95% of their money domestically. And yet, 50% of all stocks are actually non-US. And these countries are growing faster.” - Peter Ricchiuti Links  Peter Ricchiuti Burkenroad Reports Tulane University Freeman School of Business Stocks Under Rocks: How to Uncover Overlooked, Profitable Market Opportunities by Peter Ricchiuti Hancock Whitney Bank First Horizon Bank (formerly Iberia Bank) CARES Act Charles Ponzi Baltic Dry Index Origin  Bank Wall Street Journal S&P 500 Early assessment of the relationship between the COVID-19 pandemic and births in high-income countries Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 29 Mar 2022 07:00:00 -0000 Economic Development and Trends in New Orleans with Peter Ricchiuti full 1 9 Stokes Family Office In this episode, Doug and Greg talk with Peter Ricchiuti, Founder and Director of Burkenroad Reports. Peter started Tulane’s nationally acclaimed student stock research program Burkenroad in 1993. Since then, he has mentored hundreds of students about underpriced and overlooked stocks in southern states. Before that, Peter also served as the Chief Investment Officer for the state of Louisiana. Peter talks with Doug and Greg about overlooked stocks, the impact of the pandemic on the decline in birth rate, and trends in the markets of different states, especially New Orleans. Key Takeaways [03:30] - Stock Under The Rocks. [04:40] -  The Burkenroad Mutual Fund. [07:46] - Peter’s insights on the future of the markets. [09:01] - How COVID sped up the progress of inflation. [15:56] - What’s the Baltic Dry Index? [17:06] - What happens after an inverted deal curve? [22:05] - How big is the impact of the top six companies? [24:16] - Why you should not focus on the market-cap-weighted index. [25:41] - Do oil companies affect other entities in the market? [28:00] - Can Louisiana be a renewable state? [32:35] - Pumping money into startups in New Orleans. Quotes [20:31] - “I think one of the big problems we have in the country is tremendous income, inequality, wealth inequality, economic opportunity inequality. And I think that's leading to a couple of big trends.” - Peter Ricchiuti [22:55] - “Indexing in other asset class, small-cap, mid-cap stocks, international, they just look flat out more inviting. On the international side, I think the average American has 90% to 95% of their money domestically. And yet, 50% of all stocks are actually non-US. And these countries are growing faster.” - Peter Ricchiuti Links  Peter Ricchiuti Burkenroad Reports Tulane University Freeman School of Business Stocks Under Rocks: How to Uncover Overlooked, Profitable Market Opportunities by Peter Ricchiuti Hancock Whitney Bank First Horizon Bank (formerly Iberia Bank) CARES Act Charles Ponzi Baltic Dry Index Origin  Bank Wall Street Journal S&P 500 Early assessment of the relationship between the COVID-19 pandemic and births in high-income countries Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg talk with Peter Ricchiuti, Founder and Director of Burkenroad Reports.

Peter started Tulane’s nationally acclaimed student stock research program Burkenroad in 1993. Since then, he has mentored hundreds of students about underpriced and overlooked stocks in southern states. Before that, Peter also served as the Chief Investment Officer for the state of Louisiana.

Peter talks with Doug and Greg about overlooked stocks, the impact of the pandemic on the decline in birth rate, and trends in the markets of different states, especially New Orleans.


Key Takeaways

  • [03:30] - Stock Under The Rocks.
  • [04:40] -  The Burkenroad Mutual Fund.
  • [07:46] - Peter’s insights on the future of the markets.
  • [09:01] - How COVID sped up the progress of inflation.
  • [15:56] - What’s the Baltic Dry Index?
  • [17:06] - What happens after an inverted deal curve?
  • [22:05] - How big is the impact of the top six companies?
  • [24:16] - Why you should not focus on the market-cap-weighted index.
  • [25:41] - Do oil companies affect other entities in the market?
  • [28:00] - Can Louisiana be a renewable state?
  • [32:35] - Pumping money into startups in New Orleans.


Quotes

[20:31] - “I think one of the big problems we have in the country is tremendous income, inequality, wealth inequality, economic opportunity inequality. And I think that's leading to a couple of big trends.” - Peter Ricchiuti

[22:55] - “Indexing in other asset class, small-cap, mid-cap stocks, international, they just look flat out more inviting. On the international side, I think the average American has 90% to 95% of their money domestically. And yet, 50% of all stocks are actually non-US. And these countries are growing faster.” - Peter Ricchiuti


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2129 no Understanding Argentinian Markets with Santiago Solanet Argentina just struck a deal with the International Monetary Fund (IMF) to give the South American country some “breathing space” for the next few years to pay off debt. From an Argentinian expert’s perspective, how is it looking for the economy and more importantly, to its people? In this episode, Doug and Greg talk with Santiago Solanet, Senior Investment Analyst at BlackTORO Global Investments. Santiago is known for monitoring and analyzing the local and global economic situation of the Argentinians. Santiago talks with Doug and Greg about understanding Argentinian markets—from the recent IMF agreement to peso depreciation to its political environment. Key Takeaways [00:41] - Beyond the markets: the life and rich culture of Argentina. [03:51] - Peso currency depreciation. [08:55] - What's it like to do business in Argentina? [11:19] - Insights on the effect of war with the UK, soybean prices, and inflation. [15:59] - How does a country turn around a 50% year-over-year inflation? [21:00] - How's 2023 looking for the Argentinian economy? [24:16] - A look at Argentina’s labor market performance. [33:13] - Vista plans with cash flow. [37:13] - Exploring Argentinian cuisine. Quotes [06:47] - “The ‘most’  problem is, with every month that passes, with your salary, you can buy less and less goods as compared to the previous months. In Argentina, every six months, we have a compensation—we actualize the salary, but we always run it back against inflation.” - Santiago Solanet [15:58] - “In my opinion, we need a change in the government, change of power, because, in this government, we don’t have trust or confidence or credibility. You're not going to solve anything because you might say, well, we are going to change the economy plan, we are going to have lower taxes—but the markets, they don’t believe that.” - Santiago Solanet [29:23] - “I think there are good opportunities in Argentina. We have to be very picky. There are companies that have huge problems that are too risky.” - Santiago Solanet Links  Santiago Solanet on LinkedIn BlackTORO VISTA Argentina strikes breakthrough deal with IMF in $45 bln debt talks International Monetary Fund (IMF) Central Puerto ConocoPhillips Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 22 Mar 2022 07:00:00 -0000 Understanding Argentinian Markets with Santiago Solanet full 1 8 Stokes Family Office Argentina just struck a deal with the International Monetary Fund (IMF) to give the South American country some “breathing space” for the next few years to pay off debt. From an Argentinian expert’s perspective, how is it looking for the economy and more importantly, to its people? In this episode, Doug and Greg talk with Santiago Solanet, Senior Investment Analyst at BlackTORO Global Investments. Santiago is known for monitoring and analyzing the local and global economic situation of the Argentinians. Santiago talks with Doug and Greg about understanding Argentinian markets—from the recent IMF agreement to peso depreciation to its political environment. Key Takeaways [00:41] - Beyond the markets: the life and rich culture of Argentina. [03:51] - Peso currency depreciation. [08:55] - What's it like to do business in Argentina? [11:19] - Insights on the effect of war with the UK, soybean prices, and inflation. [15:59] - How does a country turn around a 50% year-over-year inflation? [21:00] - How's 2023 looking for the Argentinian economy? [24:16] - A look at Argentina’s labor market performance. [33:13] - Vista plans with cash flow. [37:13] - Exploring Argentinian cuisine. Quotes [06:47] - “The ‘most’  problem is, with every month that passes, with your salary, you can buy less and less goods as compared to the previous months. In Argentina, every six months, we have a compensation—we actualize the salary, but we always run it back against inflation.” - Santiago Solanet [15:58] - “In my opinion, we need a change in the government, change of power, because, in this government, we don’t have trust or confidence or credibility. You're not going to solve anything because you might say, well, we are going to change the economy plan, we are going to have lower taxes—but the markets, they don’t believe that.” - Santiago Solanet [29:23] - “I think there are good opportunities in Argentina. We have to be very picky. There are companies that have huge problems that are too risky.” - Santiago Solanet Links  Santiago Solanet on LinkedIn BlackTORO VISTA Argentina strikes breakthrough deal with IMF in $45 bln debt talks International Monetary Fund (IMF) Central Puerto ConocoPhillips Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Argentina just struck a deal with the International Monetary Fund (IMF) to give the South American country some “breathing space” for the next few years to pay off debt. From an Argentinian expert’s perspective, how is it looking for the economy and more importantly, to its people?

In this episode, Doug and Greg talk with Santiago Solanet, Senior Investment Analyst at BlackTORO Global Investments. Santiago is known for monitoring and analyzing the local and global economic situation of the Argentinians.

Santiago talks with Doug and Greg about understanding Argentinian markets—from the recent IMF agreement to peso depreciation to its political environment.


Key Takeaways

  • [00:41] - Beyond the markets: the life and rich culture of Argentina.
  • [03:51] - Peso currency depreciation.
  • [08:55] - What's it like to do business in Argentina?
  • [11:19] - Insights on the effect of war with the UK, soybean prices, and inflation.
  • [15:59] - How does a country turn around a 50% year-over-year inflation?
  • [21:00] - How's 2023 looking for the Argentinian economy?
  • [24:16] - A look at Argentina’s labor market performance.
  • [33:13] - Vista plans with cash flow.
  • [37:13] - Exploring Argentinian cuisine.


Quotes

[06:47] - “The ‘most’  problem is, with every month that passes, with your salary, you can buy less and less goods as compared to the previous months. In Argentina, every six months, we have a compensation—we actualize the salary, but we always run it back against inflation.” - Santiago Solanet

[15:58] - “In my opinion, we need a change in the government, change of power, because, in this government, we don’t have trust or confidence or credibility. You're not going to solve anything because you might say, well, we are going to change the economy plan, we are going to have lower taxes—but the markets, they don’t believe that.” - Santiago Solanet

[29:23] - “I think there are good opportunities in Argentina. We have to be very picky. There are companies that have huge problems that are too risky.” - Santiago Solanet


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2633 no Examining Historical Investment Cycles with Jamie Catherwood In this episode, Doug and Greg talk with Jamie Catherwood, Client Portfolio Associate at O’Shaughnessy Asset Management. Jamie has a deep fascination with and expertise in finance history. Throughout the years, he’s shared finance content that goes in-depth to help investors make better and more evidence-based financial decisions. Jamie talks with Doug and Greg about the importance of financial history in strategizing portfolios, and insights on innovation entering deep value territory. Key Takeaways [02:30] - Parallels between the current market and the past. [05:01] - What does history tell us about the change in behavior of retail investors? [07:49] - What's the Kindleberget Minsky Cycle? [09:06] - The Price Conviction Paradox. [12:35] - The Golden Age of Fraud [ 13:57] - Historical investment cycles. [17:35] - Where can the market go wrong? [23:35] - Are innovation stocks in deep value territory? [26:25] - What is the bubble triangle? Quotes [33:27] - “I think that the government has some role in markets, but obviously too much of a presence can kind of stifle innovation. Too much regulation can hurt markets, but I think there definitely needs to be some level of regulation because otherwise, frauds would be able to persist with kind of no threat from anyone stepping in.” - Jamie Catherwood [39:52] - “Once you read enough about financial history and you kind of see all these crazy bubbles, it kind of gives you more perspective and makes you step back and say, ‘Is this going to be one of those? And it makes it easier to not get swept up in the next hot thing.” - Jamie Catherwood Links  Jamie Catherwood on LinkedIn @InvestorAmnesia Price Conviction Paradox by Jamie Catherwood Nasdaq 100 Peloton Russell 1000 James Chanos | Yale School of Management Wall Street power player: We're incentivized to cheat A Minsky-Kindleberger Perspective on the Financial Crisis Tesla Ark Innovation ETF Innovation Stocks Are Not in A Bubble: We Believe They Are in Deep Value Territory by Catherine Wood Wirecard Target Boom and Bust: A Global History of Financial Bubbles by John Turner and William Quinn GameStop Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 15 Mar 2022 07:00:00 -0000 Examining Historical Investment Cycles with Jamie Catherwood full 1 7 Stokes Family Office In this episode, Doug and Greg talk with Jamie Catherwood, Client Portfolio Associate at O’Shaughnessy Asset Management. Jamie has a deep fascination with and expertise in finance history. Throughout the years, he’s shared finance content that goes in-depth to help investors make better and more evidence-based financial decisions. Jamie talks with Doug and Greg about the importance of financial history in strategizing portfolios, and insights on innovation entering deep value territory. Key Takeaways [02:30] - Parallels between the current market and the past. [05:01] - What does history tell us about the change in behavior of retail investors? [07:49] - What's the Kindleberget Minsky Cycle? [09:06] - The Price Conviction Paradox. [12:35] - The Golden Age of Fraud [ 13:57] - Historical investment cycles. [17:35] - Where can the market go wrong? [23:35] - Are innovation stocks in deep value territory? [26:25] - What is the bubble triangle? Quotes [33:27] - “I think that the government has some role in markets, but obviously too much of a presence can kind of stifle innovation. Too much regulation can hurt markets, but I think there definitely needs to be some level of regulation because otherwise, frauds would be able to persist with kind of no threat from anyone stepping in.” - Jamie Catherwood [39:52] - “Once you read enough about financial history and you kind of see all these crazy bubbles, it kind of gives you more perspective and makes you step back and say, ‘Is this going to be one of those? And it makes it easier to not get swept up in the next hot thing.” - Jamie Catherwood Links  Jamie Catherwood on LinkedIn @InvestorAmnesia Price Conviction Paradox by Jamie Catherwood Nasdaq 100 Peloton Russell 1000 James Chanos | Yale School of Management Wall Street power player: We're incentivized to cheat A Minsky-Kindleberger Perspective on the Financial Crisis Tesla Ark Innovation ETF Innovation Stocks Are Not in A Bubble: We Believe They Are in Deep Value Territory by Catherine Wood Wirecard Target Boom and Bust: A Global History of Financial Bubbles by John Turner and William Quinn GameStop Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg talk with Jamie Catherwood, Client Portfolio Associate at O’Shaughnessy Asset Management. Jamie has a deep fascination with and expertise in finance history. Throughout the years, he’s shared finance content that goes in-depth to help investors make better and more evidence-based financial decisions.

Jamie talks with Doug and Greg about the importance of financial history in strategizing portfolios, and insights on innovation entering deep value territory.


Key Takeaways

  • [02:30] - Parallels between the current market and the past.
  • [05:01] - What does history tell us about the change in behavior of retail investors?
  • [07:49] - What's the Kindleberget Minsky Cycle?
  • [09:06] - The Price Conviction Paradox.
  • [12:35] - The Golden Age of Fraud
  • [ 13:57] - Historical investment cycles.
  • [17:35] - Where can the market go wrong?
  • [23:35] - Are innovation stocks in deep value territory?
  • [26:25] - What is the bubble triangle?


Quotes

[33:27] - “I think that the government has some role in markets, but obviously too much of a presence can kind of stifle innovation. Too much regulation can hurt markets, but I think there definitely needs to be some level of regulation because otherwise, frauds would be able to persist with kind of no threat from anyone stepping in.” - Jamie Catherwood

[39:52] - “Once you read enough about financial history and you kind of see all these crazy bubbles, it kind of gives you more perspective and makes you step back and say, ‘Is this going to be one of those? And it makes it easier to not get swept up in the next hot thing.” - Jamie Catherwood


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 2584 no Understanding Inflation and Countercyclical Indexing with Cullen Roche In this episode, Doug and Greg talk with Cullen Roche, Founder and Chief Investment Officer at Discipline Funds. Aside from advocating for rebalancing portfolios with low-fee, tax-efficient funds, Cullen also writes about the macroeconomy and investing strategies through his blog, Pragmatic Capitalism. Cullen also advises on the overall impact of inflation in the current market. Cullen talks with Doug and Greg about inflation, economic cycles, and countercyclical indexing with ETFs.   Key Takeaways [00:47] - What causes inflation? [03:02] - How COVID impacted the direction of inflation. [07:08] - Bank reserves vs. direct payments to individuals. [09:40] - Has the inflation already peaked? [13:35] - Are inflation and inflation rates correlated? [20:16] - Hyperproductivity in the US economy. [23:31] - How inflation negatively impacts everybody. [26:40] - The midterm elections and market predictions. [34:06] - Cullen’s insights on portfolio allocation. [39:25] - Is global market investing a good idea? [44:12] - What is Discipline Funds ETF? [50:11] - How is Disciplines Fund ETF designed to last long term? Quotes [20:20] - “The thing about deflation is it tends to occur, especially the really traumatic ones, inside of debt bubbles like the housing crisis. The thing that made that so frightening was that you had balance sheets collapsing from debt deflation, and that is really traumatic because it's the exact opposite of money printing — it's money destruction. And that is a very unnatural process inside of any long-term economic period.” - @cullenroche [38:52] - “A lot of people get in trouble because they get overly confident about potential outcomes and they start saying, ‘Oh, well, hyperinflation is coming, the government's ruining everything, so I need to just own nothing but Bitcoin.’ And those sorts of maximalist positions can be really damaging because if you're wrong, your outcome is asymmetric in a really potentially catastrophic way.” - @cullenroche [41:59] - “I'm not just an advocate of diversifying globally. I'm actually an advocate of diversifying globally based on what the actual full market capitalization is.” - @cullenroche Links  Cullen Roche on Twitter Cullen Roche on LinkedIn Orcam Financial Group, LLC Pragmatic Capitalism Discipline Funds Everything You Need To Know About Inflation by Cullen Roche Further Evidence on Greenspan’s Conundrum Joe Manchin John Bogle Tesla Vanguard ETFs S&P 500 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 08 Mar 2022 08:00:00 -0000 Understanding Inflation and Countercyclical Indexing with Cullen Roche full 1 6 Stokes Family Office In this episode, Doug and Greg talk with Cullen Roche, Founder and Chief Investment Officer at Discipline Funds. Aside from advocating for rebalancing portfolios with low-fee, tax-efficient funds, Cullen also writes about the macroeconomy and investing strategies through his blog, Pragmatic Capitalism. Cullen also advises on the overall impact of inflation in the current market. Cullen talks with Doug and Greg about inflation, economic cycles, and countercyclical indexing with ETFs.   Key Takeaways [00:47] - What causes inflation? [03:02] - How COVID impacted the direction of inflation. [07:08] - Bank reserves vs. direct payments to individuals. [09:40] - Has the inflation already peaked? [13:35] - Are inflation and inflation rates correlated? [20:16] - Hyperproductivity in the US economy. [23:31] - How inflation negatively impacts everybody. [26:40] - The midterm elections and market predictions. [34:06] - Cullen’s insights on portfolio allocation. [39:25] - Is global market investing a good idea? [44:12] - What is Discipline Funds ETF? [50:11] - How is Disciplines Fund ETF designed to last long term? Quotes [20:20] - “The thing about deflation is it tends to occur, especially the really traumatic ones, inside of debt bubbles like the housing crisis. The thing that made that so frightening was that you had balance sheets collapsing from debt deflation, and that is really traumatic because it's the exact opposite of money printing — it's money destruction. And that is a very unnatural process inside of any long-term economic period.” - @cullenroche [38:52] - “A lot of people get in trouble because they get overly confident about potential outcomes and they start saying, ‘Oh, well, hyperinflation is coming, the government's ruining everything, so I need to just own nothing but Bitcoin.’ And those sorts of maximalist positions can be really damaging because if you're wrong, your outcome is asymmetric in a really potentially catastrophic way.” - @cullenroche [41:59] - “I'm not just an advocate of diversifying globally. I'm actually an advocate of diversifying globally based on what the actual full market capitalization is.” - @cullenroche Links  Cullen Roche on Twitter Cullen Roche on LinkedIn Orcam Financial Group, LLC Pragmatic Capitalism Discipline Funds Everything You Need To Know About Inflation by Cullen Roche Further Evidence on Greenspan’s Conundrum Joe Manchin John Bogle Tesla Vanguard ETFs S&P 500 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg talk with Cullen Roche, Founder and Chief Investment Officer at Discipline Funds.

Aside from advocating for rebalancing portfolios with low-fee, tax-efficient funds, Cullen also writes about the macroeconomy and investing strategies through his blog, Pragmatic Capitalism. Cullen also advises on the overall impact of inflation in the current market.

Cullen talks with Doug and Greg about inflation, economic cycles, and countercyclical indexing with ETFs.  


Key Takeaways

  • [00:47] - What causes inflation?
  • [03:02] - How COVID impacted the direction of inflation.
  • [07:08] - Bank reserves vs. direct payments to individuals.
  • [09:40] - Has the inflation already peaked?
  • [13:35] - Are inflation and inflation rates correlated?
  • [20:16] - Hyperproductivity in the US economy.
  • [23:31] - How inflation negatively impacts everybody.
  • [26:40] - The midterm elections and market predictions.
  • [34:06] - Cullen’s insights on portfolio allocation.
  • [39:25] - Is global market investing a good idea?
  • [44:12] - What is Discipline Funds ETF?
  • [50:11] - How is Disciplines Fund ETF designed to last long term?


Quotes

[20:20] - “The thing about deflation is it tends to occur, especially the really traumatic ones, inside of debt bubbles like the housing crisis. The thing that made that so frightening was that you had balance sheets collapsing from debt deflation, and that is really traumatic because it's the exact opposite of money printing — it's money destruction. And that is a very unnatural process inside of any long-term economic period.” - @cullenroche

[38:52] - “A lot of people get in trouble because they get overly confident about potential outcomes and they start saying, ‘Oh, well, hyperinflation is coming, the government's ruining everything, so I need to just own nothing but Bitcoin.’ And those sorts of maximalist positions can be really damaging because if you're wrong, your outcome is asymmetric in a really potentially catastrophic way.” - @cullenroche

[41:59] - “I'm not just an advocate of diversifying globally. I'm actually an advocate of diversifying globally based on what the actual full market capitalization is.” - @cullenroche


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 3328 no Political Uncertainties and Market Conditions In this episode, Doug and Greg talk about the effect of electoral party systems and politics on the markets, and the promising investment opportunities in New Orleans. Key Takeaways [00:42] - How do politics affect the markets? [05:11] - How the market behaves amid political uncertainties. [07:59] - Why markets don’t like uncertainties. [12:06] - Current living conditions in New Orleans. [18:03] - Promising investment opportunities in New Orlean. Quotes [03:48] - “That's the beauty of the American system, right? There are always ebbs and flows between one party or another, or one prevailing ideology or another. It's a good or a bad thing politically, but generally, a moderation between one party or the other is good in my opinion.” - Doug Stokes [07:59] - “Markets don't like surprises. For example, we all saw that in March of 2020, when the world was coming to an end—the stock prices were falling off a cliff because there was so much uncertainty.” - Greg Stokes Links  Some Early Clues About How The Midterms Will Go | FiveThirtyEight Georgia Potential November Showdowns: They're Already Close, Quinnipiac University Georgia Poll Finds; Only 25% Are Very Confident In Accurate 2022 Election Count Ken Fisher Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 01 Mar 2022 08:00:00 -0000 Political Uncertainties and Market Conditions full 1 5 Stokes Family Office In this episode, Doug and Greg talk about the effect of electoral party systems and politics on the markets, and the promising investment opportunities in New Orleans. Key Takeaways [00:42] - How do politics affect the markets? [05:11] - How the market behaves amid political uncertainties. [07:59] - Why markets don’t like uncertainties. [12:06] - Current living conditions in New Orleans. [18:03] - Promising investment opportunities in New Orlean. Quotes [03:48] - “That's the beauty of the American system, right? There are always ebbs and flows between one party or another, or one prevailing ideology or another. It's a good or a bad thing politically, but generally, a moderation between one party or the other is good in my opinion.” - Doug Stokes [07:59] - “Markets don't like surprises. For example, we all saw that in March of 2020, when the world was coming to an end—the stock prices were falling off a cliff because there was so much uncertainty.” - Greg Stokes Links  Some Early Clues About How The Midterms Will Go | FiveThirtyEight Georgia Potential November Showdowns: They're Already Close, Quinnipiac University Georgia Poll Finds; Only 25% Are Very Confident In Accurate 2022 Election Count Ken Fisher Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg talk about the effect of electoral party systems and politics on the markets, and the promising investment opportunities in New Orleans.

Key Takeaways

  • [00:42] - How do politics affect the markets?
  • [05:11] - How the market behaves amid political uncertainties.
  • [07:59] - Why markets don’t like uncertainties.
  • [12:06] - Current living conditions in New Orleans.
  • [18:03] - Promising investment opportunities in New Orlean.


Quotes

[03:48] - “That's the beauty of the American system, right? There are always ebbs and flows between one party or another, or one prevailing ideology or another. It's a good or a bad thing politically, but generally, a moderation between one party or the other is good in my opinion.” - Doug Stokes

[07:59] - “Markets don't like surprises. For example, we all saw that in March of 2020, when the world was coming to an end—the stock prices were falling off a cliff because there was so much uncertainty.” - Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1335 no Diversification, ESG Investing, and Inflation Doug and Greg talk about why the cure to inflation is inflation, and why US stocks continue to outperform international stocks. Key Takeaways [00:28]  - 2022 kicks off with a consumer price rise.  [05:31] -  Why Doug believes the Federal Reserve is very market-facing. [09:49] - The cure to inflation is inflation. [12:13] -  Efficient automobiles: from gasoline to electric. [13:04] - What is ESG investing? [14:12] - The rule of the commodity market. [15:50] - What's a commodity supercycle? [16:54] - Who's the biggest performer in recent inflation? [18:13] - Why is it important to diversify? [20:44] - Annualized return from the US compared to international countries. [23:58] - Why the market and tax administration is a great factor in US relocation. [27:48] - Why the state of California tops most rankings. Quotes [14:32] - “In 2012, emerging markets were up and commodities were down. In 2013, small-cap US stocks were up big and emerging markets were down. The whole idea behind this is it's important to stay diversified and not put all of your eggs in one basket.” - Greg Stokes [19:16] - “It's important, number one, to diversify because nobody knows what's going to be the best performer over any given period of time. And just because it's the best performer one year doesn't mean it's going to be the best performer the next year.” - Greg Stokes Links  U.S. Inflation Hit 7% in December, Fastest Pace Since 1982 | Wall Street Journal Jerome Powell 2018 Doesn’t Prove Rate Hikes Are Bad for Stocks | Fisher Investments Inflation in Time & Inconvenience by Ben Carlson | A Wealth of Common Sense Markets That Are Definitely NOT In a Bubble by Ben Carlson | A Wealth of Common Sense WisdomTree Apple S&P 500 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 22 Feb 2022 08:00:00 -0000 Diversification, ESG Investing, and Inflation full 1 4 Stokes Family Office Doug and Greg talk about why the cure to inflation is inflation, and why US stocks continue to outperform international stocks. Key Takeaways [00:28]  - 2022 kicks off with a consumer price rise.  [05:31] -  Why Doug believes the Federal Reserve is very market-facing. [09:49] - The cure to inflation is inflation. [12:13] -  Efficient automobiles: from gasoline to electric. [13:04] - What is ESG investing? [14:12] - The rule of the commodity market. [15:50] - What's a commodity supercycle? [16:54] - Who's the biggest performer in recent inflation? [18:13] - Why is it important to diversify? [20:44] - Annualized return from the US compared to international countries. [23:58] - Why the market and tax administration is a great factor in US relocation. [27:48] - Why the state of California tops most rankings. Quotes [14:32] - “In 2012, emerging markets were up and commodities were down. In 2013, small-cap US stocks were up big and emerging markets were down. The whole idea behind this is it's important to stay diversified and not put all of your eggs in one basket.” - Greg Stokes [19:16] - “It's important, number one, to diversify because nobody knows what's going to be the best performer over any given period of time. And just because it's the best performer one year doesn't mean it's going to be the best performer the next year.” - Greg Stokes Links  U.S. Inflation Hit 7% in December, Fastest Pace Since 1982 | Wall Street Journal Jerome Powell 2018 Doesn’t Prove Rate Hikes Are Bad for Stocks | Fisher Investments Inflation in Time & Inconvenience by Ben Carlson | A Wealth of Common Sense Markets That Are Definitely NOT In a Bubble by Ben Carlson | A Wealth of Common Sense WisdomTree Apple S&P 500 Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Doug and Greg talk about why the cure to inflation is inflation, and why US stocks continue to outperform international stocks.


Key Takeaways

  • [00:28]  - 2022 kicks off with a consumer price rise. 
  • [05:31] -  Why Doug believes the Federal Reserve is very market-facing.
  • [09:49] - The cure to inflation is inflation.
  • [12:13] -  Efficient automobiles: from gasoline to electric.
  • [13:04] - What is ESG investing?
  • [14:12] - The rule of the commodity market.
  • [15:50] - What's a commodity supercycle?
  • [16:54] - Who's the biggest performer in recent inflation?
  • [18:13] - Why is it important to diversify?
  • [20:44] - Annualized return from the US compared to international countries.
  • [23:58] - Why the market and tax administration is a great factor in US relocation.
  • [27:48] - Why the state of California tops most rankings.


Quotes

[14:32] - “In 2012, emerging markets were up and commodities were down. In 2013, small-cap US stocks were up big and emerging markets were down. The whole idea behind this is it's important to stay diversified and not put all of your eggs in one basket.” - Greg Stokes

[19:16] - “It's important, number one, to diversify because nobody knows what's going to be the best performer over any given period of time. And just because it's the best performer one year doesn't mean it's going to be the best performer the next year.” - Greg Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1814 no Investing vs Speculation: Tempering the Blockchain Hype In this episode, Doug and Greg discuss everything you need to know about the blockchain, cryptocurrency, and digital assets—its speculative market, its stance against looming inflation, and its promise to be the currency of the future. Key Takeaways [00:42] - The triple threat of policy tightening. [02:05] -  Insights on unemployment during COVID. [06:04] - The need for focusing on continued ability to grow amid the pandemic. [07:40] - What transpired in the downfall of Peloton? [10:38] - Why old-world, bottom-up investing may be the way to go. [13:04] - Are bitcoin and other cryptocurrencies hedged against inflation? [16:08] - Should you invest in blockchain stocks? [17:32] - What's promising about blockchain? [18:04] - How blockchain-based companies work. [19:37] - Cryptocurrency as fiat money. [21:04] - What's the future for digital assets and crypto? Quotes  [04:15] - “In the last 10 years, I would imagine that people are hitting their retirement objectives earlier than they were planning on if they were doing any planning, just because of the growth in markets.” - Doug Stokes [11:18] -  “That particular investment style— the bottom-up, buying earnings, buying companies that have consistent earnings —was really not in favor until the last 18 months or the last seven to 10 years. But it has definitely come into favor recently.” - Greg Stokes [14:27] - “We can see on both sides that when things are not going well in markets in general, I think people are just dumping everything. And instead of viewing that as sort of a hedge on overreaching government and inflation, it's basically just a complete speculative bed right now.” - Doug Stokes Links  Minutes of the Federal Open Market Committee, December 14-15, 2021 December jobs report: Payrolls rise by 199,000 as the unemployment rate falls to 3.9% CARES Act NASDAQ Teladoc Peloton Lemonade DocuSign Roku Bitcoin Netscape Stanford MBA programs Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 15 Feb 2022 08:00:00 -0000 Investing vs Speculation: Tempering the Blockchain Hype full 1 3 Stokes Family Office In this episode, Doug and Greg discuss everything you need to know about the blockchain, cryptocurrency, and digital assets—its speculative market, its stance against looming inflation, and its promise to be the currency of the future. Key Takeaways [00:42] - The triple threat of policy tightening. [02:05] -  Insights on unemployment during COVID. [06:04] - The need for focusing on continued ability to grow amid the pandemic. [07:40] - What transpired in the downfall of Peloton? [10:38] - Why old-world, bottom-up investing may be the way to go. [13:04] - Are bitcoin and other cryptocurrencies hedged against inflation? [16:08] - Should you invest in blockchain stocks? [17:32] - What's promising about blockchain? [18:04] - How blockchain-based companies work. [19:37] - Cryptocurrency as fiat money. [21:04] - What's the future for digital assets and crypto? Quotes  [04:15] - “In the last 10 years, I would imagine that people are hitting their retirement objectives earlier than they were planning on if they were doing any planning, just because of the growth in markets.” - Doug Stokes [11:18] -  “That particular investment style— the bottom-up, buying earnings, buying companies that have consistent earnings —was really not in favor until the last 18 months or the last seven to 10 years. But it has definitely come into favor recently.” - Greg Stokes [14:27] - “We can see on both sides that when things are not going well in markets in general, I think people are just dumping everything. And instead of viewing that as sort of a hedge on overreaching government and inflation, it's basically just a complete speculative bed right now.” - Doug Stokes Links  Minutes of the Federal Open Market Committee, December 14-15, 2021 December jobs report: Payrolls rise by 199,000 as the unemployment rate falls to 3.9% CARES Act NASDAQ Teladoc Peloton Lemonade DocuSign Roku Bitcoin Netscape Stanford MBA programs Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg discuss everything you need to know about the blockchain, cryptocurrency, and digital assets—its speculative market, its stance against looming inflation, and its promise to be the currency of the future.


Key Takeaways

  • [00:42] - The triple threat of policy tightening.
  • [02:05] -  Insights on unemployment during COVID.
  • [06:04] - The need for focusing on continued ability to grow amid the pandemic.
  • [07:40] - What transpired in the downfall of Peloton?
  • [10:38] - Why old-world, bottom-up investing may be the way to go.
  • [13:04] - Are bitcoin and other cryptocurrencies hedged against inflation?
  • [16:08] - Should you invest in blockchain stocks?
  • [17:32] - What's promising about blockchain?
  • [18:04] - How blockchain-based companies work.
  • [19:37] - Cryptocurrency as fiat money.
  • [21:04] - What's the future for digital assets and crypto?


Quotes

 [04:15] - “In the last 10 years, I would imagine that people are hitting their retirement objectives earlier than they were planning on if they were doing any planning, just because of the growth in markets.” - Doug Stokes

[11:18] -  “That particular investment style— the bottom-up, buying earnings, buying companies that have consistent earnings —was really not in favor until the last 18 months or the last seven to 10 years. But it has definitely come into favor recently.” - Greg Stokes

[14:27] - “We can see on both sides that when things are not going well in markets in general, I think people are just dumping everything. And instead of viewing that as sort of a hedge on overreaching government and inflation, it's basically just a complete speculative bed right now.” - Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1556 no Rate Hiking Cycle, Housing, and Business As Usual In 2022 In this episode, Doug and Greg talk about the rate hiking cycle as we enter 2022, the truth about debt and the affordability of housing, the impact of monopoly capitalism, and the new business investor mindset amid a pandemic. Key Takeaways [00:55] - Ken Fisher’s insights on the rate hiking cycle of 2022. [03:51] - There is no rule of thumb in markets. [06:29] - Debt and affordability in housing. [08:25] - How Amazon remains on top. [09:47] - How the smallest Airpods became as big as all of Tesla. [14:33] - The “COVID is airborne” newsbreak and its market implications. [18:31] - How to do business as usual amid COVID. [21:11] - The impact that relatively safety has had on society. [24:44] - Why new parents should opt for automated savings. Quotes [03:51] - “There is really no rule of thumb in markets. If you think about it, do you really think that the collective knowledge of the millions and millions of investors that are participating in markets are not aware that we're in a rate hiking cycle now, or at least entering one? There's just so much going on in the markets beyond just one of these particular narratives that drive prices.” - Doug Stokes [10:55] - “In terms of Apple, Amazon, Google, and Facebook, their size and their company have an ingrained nature in our lives─I don't see that as a negative. And I don't see them as respective monopolies, as purely anti-competitive. I think they've improved our lives in crazy ways. And I think they still continue to do so.” - Doug Stokes [19:38] - “A lot of it is going to come from leadership. The CDC just came out and said quarantine, if you're exposed or have COVID, is five days now, down from 10. In the midst of an Omicron wave, I think that the signal the government is sending, which I think is the right signal, is that we need to start working on the next phase of this getting back to, nearly, or 100% of what previous life was like.” - Doug Stokes Links  2018 Doesn’t Prove Rate Hikes Are Bad for Stocks | FisherInvestments S&P500 @MorganHousel on Twitter Scott Galloway Amazon Apple  Tesla Netflix Scott Gottlieb The psychology of protecting the UK public against external threat: COVID-19 and the Blitz compared Sean Payton Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 08 Feb 2022 08:00:00 -0000 Rate Hiking Cycle, Housing, and Business As Usual In 2022 full 1 2 Stokes Family Office In this episode, Doug and Greg talk about the rate hiking cycle as we enter 2022, the truth about debt and the affordability of housing, the impact of monopoly capitalism, and the new business investor mindset amid a pandemic. Key Takeaways [00:55] - Ken Fisher’s insights on the rate hiking cycle of 2022. [03:51] - There is no rule of thumb in markets. [06:29] - Debt and affordability in housing. [08:25] - How Amazon remains on top. [09:47] - How the smallest Airpods became as big as all of Tesla. [14:33] - The “COVID is airborne” newsbreak and its market implications. [18:31] - How to do business as usual amid COVID. [21:11] - The impact that relatively safety has had on society. [24:44] - Why new parents should opt for automated savings. Quotes [03:51] - “There is really no rule of thumb in markets. If you think about it, do you really think that the collective knowledge of the millions and millions of investors that are participating in markets are not aware that we're in a rate hiking cycle now, or at least entering one? There's just so much going on in the markets beyond just one of these particular narratives that drive prices.” - Doug Stokes [10:55] - “In terms of Apple, Amazon, Google, and Facebook, their size and their company have an ingrained nature in our lives─I don't see that as a negative. And I don't see them as respective monopolies, as purely anti-competitive. I think they've improved our lives in crazy ways. And I think they still continue to do so.” - Doug Stokes [19:38] - “A lot of it is going to come from leadership. The CDC just came out and said quarantine, if you're exposed or have COVID, is five days now, down from 10. In the midst of an Omicron wave, I think that the signal the government is sending, which I think is the right signal, is that we need to start working on the next phase of this getting back to, nearly, or 100% of what previous life was like.” - Doug Stokes Links  2018 Doesn’t Prove Rate Hikes Are Bad for Stocks | FisherInvestments S&P500 @MorganHousel on Twitter Scott Galloway Amazon Apple  Tesla Netflix Scott Gottlieb The psychology of protecting the UK public against external threat: COVID-19 and the Blitz compared Sean Payton Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. In this episode, Doug and Greg talk about the rate hiking cycle as we enter 2022, the truth about debt and the affordability of housing, the impact of monopoly capitalism, and the new business investor mindset amid a pandemic.


Key Takeaways

  • [00:55] - Ken Fisher’s insights on the rate hiking cycle of 2022.
  • [03:51] - There is no rule of thumb in markets.
  • [06:29] - Debt and affordability in housing.
  • [08:25] - How Amazon remains on top.
  • [09:47] - How the smallest Airpods became as big as all of Tesla.
  • [14:33] - The “COVID is airborne” newsbreak and its market implications.
  • [18:31] - How to do business as usual amid COVID.
  • [21:11] - The impact that relatively safety has had on society.
  • [24:44] - Why new parents should opt for automated savings.


Quotes

[03:51] - “There is really no rule of thumb in markets. If you think about it, do you really think that the collective knowledge of the millions and millions of investors that are participating in markets are not aware that we're in a rate hiking cycle now, or at least entering one? There's just so much going on in the markets beyond just one of these particular narratives that drive prices.” - Doug Stokes

[10:55] - “In terms of Apple, Amazon, Google, and Facebook, their size and their company have an ingrained nature in our lives─I don't see that as a negative. And I don't see them as respective monopolies, as purely anti-competitive. I think they've improved our lives in crazy ways. And I think they still continue to do so.” - Doug Stokes

[19:38] - “A lot of it is going to come from leadership. The CDC just came out and said quarantine, if you're exposed or have COVID, is five days now, down from 10. In the midst of an Omicron wave, I think that the signal the government is sending, which I think is the right signal, is that we need to start working on the next phase of this getting back to, nearly, or 100% of what previous life was like.” - Doug Stokes


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1629 no The Impact of Financial Forecasting and Market Corrections Investors’ decisions are mostly based on financial predictions made by so-called experts. So, when the news broke that we were about to enter a pandemic, investors and advisors were in shock. How do investors move forward when modern society is suddenly afflicted by an uncontrollable peril like COVID-19? In this episode, Doug and Greg talk about the risks of poor financial forecasting, the truth about market corrections, and the true indicators for smart investing practices.  Key Takeaways [02:03] - Why is forecasting in finance becoming a nightmare? [03:47] - What forecasts and projections really tell you. [05:47] - Omicron’s impact. [09:52] - How COVID-19 has been affecting investors’ and advisors’ daily lives. [12:30] - Why is it impossible to forecast in finance? [15:29] - Why the bond market is always the best guide. [17:11] - Two factors that affect inflation. [18:36] - Why corrections are normal. [25:10] - How forecasting works in sports. Quotes [10:26] - “This has been such a shock to society, especially a society that's been used to general comfort throughout life. I think if this would have happened 100 or 200 years ago, people would have just dealt with it and moved on. But now we're basically protected from most dangers in the world and modern society. And so having an uncontrollable danger like this is a complete shock to the system, and I think it's going to take time to come out of it. And I'm hopeful sooner rather than later.” - Doug Stokes [12:35] - “It's impossible to forecast what's going to happen in the future. We were in the trenches dealing with human psychology and individuals that were dealing with some very stressful situations in March of 2020, and nobody could've forecasted that we were going to run into a pandemic.” - Greg Stokes [22:17] - “As an investor, if you can't take the 10% or maybe even 20% correction in stocks─because it's going to happen statistically once every year with 10% and once every six years at 20%─then what's your alternative?” - Doug Stokes Links  How bad are Wall Street forecasts? Really bad by Morgan Housel | USAToday Warren Buffett NFL US Senator Joe Manchin S&P500 @fivethirtyeight on Twitter New York Times Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Tue, 01 Feb 2022 08:00:00 -0000 The Impact of Financial Forecasting and Market Corrections full 1 1 Stokes Family Office Investors’ decisions are mostly based on financial predictions made by so-called experts. So, when the news broke that we were about to enter a pandemic, investors and advisors were in shock. How do investors move forward when modern society is suddenly afflicted by an uncontrollable peril like COVID-19? In this episode, Doug and Greg talk about the risks of poor financial forecasting, the truth about market corrections, and the true indicators for smart investing practices.  Key Takeaways [02:03] - Why is forecasting in finance becoming a nightmare? [03:47] - What forecasts and projections really tell you. [05:47] - Omicron’s impact. [09:52] - How COVID-19 has been affecting investors’ and advisors’ daily lives. [12:30] - Why is it impossible to forecast in finance? [15:29] - Why the bond market is always the best guide. [17:11] - Two factors that affect inflation. [18:36] - Why corrections are normal. [25:10] - How forecasting works in sports. Quotes [10:26] - “This has been such a shock to society, especially a society that's been used to general comfort throughout life. I think if this would have happened 100 or 200 years ago, people would have just dealt with it and moved on. But now we're basically protected from most dangers in the world and modern society. And so having an uncontrollable danger like this is a complete shock to the system, and I think it's going to take time to come out of it. And I'm hopeful sooner rather than later.” - Doug Stokes [12:35] - “It's impossible to forecast what's going to happen in the future. We were in the trenches dealing with human psychology and individuals that were dealing with some very stressful situations in March of 2020, and nobody could've forecasted that we were going to run into a pandemic.” - Greg Stokes [22:17] - “As an investor, if you can't take the 10% or maybe even 20% correction in stocks─because it's going to happen statistically once every year with 10% and once every six years at 20%─then what's your alternative?” - Doug Stokes Links  How bad are Wall Street forecasts? Really bad by Morgan Housel | USAToday Warren Buffett NFL US Senator Joe Manchin S&P500 @fivethirtyeight on Twitter New York Times Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts LagniappePodcast.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Investors’ decisions are mostly based on financial predictions made by so-called experts. So, when the news broke that we were about to enter a pandemic, investors and advisors were in shock. How do investors move forward when modern society is suddenly afflicted by an uncontrollable peril like COVID-19?

In this episode, Doug and Greg talk about the risks of poor financial forecasting, the truth about market corrections, and the true indicators for smart investing practices. 


Key Takeaways

  • [02:03] - Why is forecasting in finance becoming a nightmare?
  • [03:47] - What forecasts and projections really tell you.
  • [05:47] - Omicron’s impact.
  • [09:52] - How COVID-19 has been affecting investors’ and advisors’ daily lives.
  • [12:30] - Why is it impossible to forecast in finance?
  • [15:29] - Why the bond market is always the best guide.
  • [17:11] - Two factors that affect inflation.
  • [18:36] - Why corrections are normal.
  • [25:10] - How forecasting works in sports.


Quotes

[10:26] - “This has been such a shock to society, especially a society that's been used to general comfort throughout life. I think if this would have happened 100 or 200 years ago, people would have just dealt with it and moved on. But now we're basically protected from most dangers in the world and modern society. And so having an uncontrollable danger like this is a complete shock to the system, and I think it's going to take time to come out of it. And I'm hopeful sooner rather than later.” - Doug Stokes

[12:35] - “It's impossible to forecast what's going to happen in the future. We were in the trenches dealing with human psychology and individuals that were dealing with some very stressful situations in March of 2020, and nobody could've forecasted that we were going to run into a pandemic.” - Greg Stokes

[22:17] - “As an investor, if you can't take the 10% or maybe even 20% correction in stocks─because it's going to happen statistically once every year with 10% and once every six years at 20%─then what's your alternative?” - Doug Stokes


Links 


Connect with our hosts


Subscribe and stay in touch


Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

]]> 1774 no Introducing: Lagniappe! Lagniappe is a new podcast hosted by Greg Stokes and Doug Stokes, brothers and partners in Stokes Family Office, a New Orleans wealth management firm.  Lagniappe is a word derived from the South American Spanish phrase la yapa, which means “a little something extra”. Although this is an old custom, it is still widely practiced in Louisiana.  We created this podcast to be a little something extra for our listeners, friends, and clients. We want to share some of our passions and insights about life in New Orleans, as well as how we run our business, manage portfolios, and thoughts about what’s going on in the world of finance and financial planning. We also have some great guests lined up to talk about their specific areas of expertise. Join us each week for an entertaining look at current news, personal finance, brotherly banter, and more. Our first episode drops in January 2022. Subscribe now, wherever you listen to podcasts.   Links  Doug Stokes Greg Stokes Stokes Family Office Sat, 22 Jan 2022 21:04:52 -0000 Introducing: Lagniappe! trailer Stokes Family Office Lagniappe is a new podcast hosted by Greg Stokes and Doug Stokes, brothers and partners in Stokes Family Office, a New Orleans wealth management firm.  Lagniappe is a word derived from the South American Spanish phrase la yapa, which means “a little something extra”. Although this is an old custom, it is still widely practiced in Louisiana.  We created this podcast to be a little something extra for our listeners, friends, and clients. We want to share some of our passions and insights about life in New Orleans, as well as how we run our business, manage portfolios, and thoughts about what’s going on in the world of finance and financial planning. We also have some great guests lined up to talk about their specific areas of expertise. Join us each week for an entertaining look at current news, personal finance, brotherly banter, and more. Our first episode drops in January 2022. Subscribe now, wherever you listen to podcasts.   Links  Doug Stokes Greg Stokes Stokes Family Office Lagniappe is a new podcast hosted by Greg Stokes and Doug Stokes, brothers and partners in Stokes Family Office, a New Orleans wealth management firm. 

Lagniappe is a word derived from the South American Spanish phrase la yapa, which means “a little something extra”. Although this is an old custom, it is still widely practiced in Louisiana. 

We created this podcast to be a little something extra for our listeners, friends, and clients. We want to share some of our passions and insights about life in New Orleans, as well as how we run our business, manage portfolios, and thoughts about what’s going on in the world of finance and financial planning. We also have some great guests lined up to talk about their specific areas of expertise.

Join us each week for an entertaining look at current news, personal finance, brotherly banter, and more.

Our first episode drops in January 2022. Subscribe now, wherever you listen to podcasts.  

Links 

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