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podcasts: Money Matters with Wes Moss

Most Recent Episode:

Money Matters with Wes Moss

Topics: Money Matters with Wes Moss
Posted: June 17, 2018

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More Episodes:

The Economy Per Janet Yellen - our most recently retire Federal Reserve Chair

Topics: How the Fed Chair runs the largest economic ship on the planet. Caller questions include “What’s wrong with my 403B, should I quit my job to save money on childcare, how long will it take to break even if I buy a home in Boston, and what should I do with $100k in cash?”

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What happens when the economy and the stock market disconnect?

Topics: The Atlanta Fed sees GDP growth of 4.6% in the second quarter of 2018, yet stocks have barely moved this year. Wes discusses new research that shows what typically happens when the economy outpaces the stock market. Caller questions include “How to get started with stocks, what should I do with the 40% of my portfolio sitting in cash, and what to do with value stock laggards like P&G, Philip Morris, etc.?”

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What happens when the economy and the stock market disconnect?

Topics: The Atlanta Fed sees GDP growth of 4.6% in the second quarter of 2018, yet stocks have barely moved this year. Wes discusses new research that shows what typically happens when the economy outpaces the stock market. Caller questions include “How to get started with stocks, what should I do with the 40% of my portfolio sitting in cash, and what to do with value stock laggards like P&G, Philip Morris, etc.?”

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Global Demographic Trends (first 1/2) and Your Property Taxes and How to Appeal with Real Estate Tax attorney Hap Richardson (second 1/2) 

Topics: Global Demographic Trends (first 1/2) and Your Property Taxes and How to Appeal with Real Estate Tax attorney Hap Richardson (second 1/2) 

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Global Demographic and Economic Trends, and How we Misperceive Them

Topics: We tend to get stuck on our negative world news. Most of America believes “things are getting worse”, which on a global scale is simply not true. Wes discusses global trends on crime, clean water, nuclear weapons, disasters, poverty, etc. 

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Participation vs Perfection (Part 2)

Topics: Most investors feel as though market timing is everything, when in reality sheer long term participation in stocks often trumps perfect timing.  Caller questions include “should I own a tripple short Nasdaq ETF, what will my taxes be on the sale of my $800K in-town bungalow, and now that I’m 70 what should I do with the $180K that I just received?”

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Participation vs Perfection (Part 1)

Topics: Most investors feel as though market timing is everything, when in reality sheer long term participation in stocks often trumps perfect timing.  Caller questions include “should I own a tripple short Nasdaq ETF, what will my taxes be on the sale of my $800K in-town bungalow, and now that I’m 70 what should I do with the $180K that I just received?”

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Consumer Staples In a Rut (Part 2)

Topics: Consumerism has decentralized due to the Amazon effect. Dollar shave club has cooler commercials and Gillette… Where do large consumer staple companies go from here? Caller questions include “should I diversify $1.0 million in my company stock?”

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Audio temporarily unavailable
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Consumer Staples In a Rut (Part 1)

Topics: Consumerism has decentralized due to the Amazon effect. Dollar shave club has cooler commercials and Gillette… Where do large consumer staple companies go from here? Caller questions include “should I diversify $1.0 million in my company stock?”

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News

  • Two brothers accused of at least seven robberies across metro Atlanta in May are no ordinary criminals: they’re identical twins. Marquavious and Juntavious Burton, 20, were arrested in early June. According to Fulton County jail records, the twins have been arrested multiple times since 2015 on charges such as aggravated assault and theft by receiving stolen property. The latest charges include seven counts of armed robbery and a charge of participating in criminal street gang activity. Police believe they may be responsible for even more recent robberies. The Burton twins have also been accused of shooting at some of the robbery victims, Channel 2 Action News reported.  In other news:
  • Two Cobb County siblings were killed after their 17-year-old sister allegedly lost control of the family’s SUV on a South Carolina interstate, police said Monday.  Jessica Wolwark was driving a Chevrolet northbound on I-85 in Anderson County when she ran off the highway and the SUV overturned Saturday morning, according to police.  Wolwark and her mother, Natalia Anggraeni, were both wearing seat belts and were seriously injured in the crash. Two other family members died from their injuries after being ejected, police said.  Kirana “Kiki” Wolwark, 15, and 12-year-old Nate Wolwark were both killed, a family friend posted on a Go Fund Me page. The family was traveling from their Kennesaw home to Wofford College in Spartanburg, S.C., where the girls were to attend a religious retreat, according to Chrissy Concepcion, who set up the fundraising page for the family. The family does not have medical insurance, she said. The South Carolina medical examiner was unable to confirm the identities of those killed, but family friends confirmed the names and ages of the Wolwark siblings.  “Kiki was a joy to be around, and spread her love for animals to everyone she knew,” Concepcion posted. “Nate was the perfect boy; always helpful, caring, and accepting of everyone around him.” The driver and her mother were both taken by helicopter to a Greenville hospital, where both remained Monday. Anggraeni has a broken neck and several broken ribs, Concepcion said. Jessica Wolwark has torn ligaments in her arm, but is expected to be released from the hospital this week.  The South Carolina Highway Patrol is investigating the crash.  In other news: 
  • Documents obtained by Channel 2 Action News say a popular high school physics teacher resigned amid allegations of inappropriate behavior. Channel 2’s Mike Petchenik received a tip that Matt Odom had abruptly left his post at Chattahoochee High School, just weeks before school let out for the summer, so Petchenik filed an open records request for Odom’s personnel file. According to documents Petchenik obtained, an investigation by the Fulton County School District determined Odom had acted unprofessionally around female students. “Witnesses reported that Mr. Odom was touchy feely with students and makes inappropriate comments to students about their clothing. By Mr. Odom’s own admission, he is flirtatious with students,” the report said. The report said students had complained to the administration about feeling uncomfortable around the physics teacher. “Although there is no video of the incidents, there is enough evidence to support the allegations of unprofessional conduct,” the report said. In interviews, Odom denied any wrongdoing. “I do put my hands on their shoulders or back and say ‘hey’ sometimes,” he said. “Yeah, I’m kind of flirtatious. It’s kind of my personality. It’s not like directly flirtatious. I’m just kind of fun and relaxed with my student generally. If I see that a student is uncomfortable or not comfortable with the interaction, I’m generally, like scale it back or whatever.” Petchenik spoke to a rising senior at the school who said she experienced the teacher's behavior first-hand. “I would sit in class and he’d look at me weird and sometimes just rub my shoulder a little bit weird,” she said. “It’s embarrassing to have to resign because you know that it’s true.” There were no documents in Odom’s file to indicate he resigned due to the allegations or the investigation. Petchenik attempted to reach Odom by phone and e-mail over the course of two weeks, but never heard back from him.
  • The school meal hall never tasted quite like this. PHOTOS: Public School 404 in Atlanta Take a walk back in time to the days of encyclopedias, globes and letter jackets at an Atlanta eatery. It's called Public School 404. It's a Grill Concepts Restaurant Group creation with nine locations across the country. Each location is dubbed Public School, along with the area code where it's located. The restaurant bills itself as a chef-driven gastropub that offers “An Education in the Art of Food & Beer.”  Public School 404's happy hour is known as “Recess.' It's held Monday through Friday from 3 to 6 p.m. Public School 404 serves craft beer exclusively. That certainly wasn't available in the meal hall growing up. The menus are composition books and include offerings such as Brown Bag Fries, PB&J Burger, Hot Mess and 'What Came First,' a chicken burger that includes a fried egg. “The overall concept originated in Los Angeles about six years ago,” Phil Kastel, executive vice president of culinary, told AJC.com. “What happened is we were trying to create a gastropub. Something fun. Something for everybody. And the name, Public School, kind of led us in that direction. “We focus on having a seasonal menu. We change the menu about four times a year, though there are some staples that stay around all year. We pride ourselves on serving local beer and keeping things fresh and energetic with the food.” Public School 404 is located on Howell Mill Road in Atlanta. RELATED: See more Things 2 Do around Atlanta RELATED: Get chicken and waffles with a twist at these metro Atlanta restaurants RELATED: Atlanta sushi restaurant named one of best restaurants in America RELATED: Chick-Fil-A unveils 2 seasonal items, testing another
  • Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government form released Monday, as required by federal ethics rules, that he shorted stock in Navigator Holdings in October. The New York Times reported Tuesday that the transaction came three business days after a Times reporter submitted questions to Ross about Navigator. The transaction, listed as worth between $100,000 and $250,000, was first reported Monday by Forbes. Ross rebuffed any suggestions that he shorted the Navigator stock based on confidential information to make a profit. He said the transaction was part of his effort to divest from Navigator and that he did not stand to gain if the stock fell, or lose if it rose, at the time. In short selling, a person borrows shares of a stock and sells them. The aim is to then replace the borrowed shares with others bought later at a lower price, reaping a profit from the difference. Navigator counts a Russian gas producer with ties to the Kremlin among its major customers. President Donald Trump tapped Ross, a billionaire investor in distressed companies, to be his administration's point man on trade and manufacturing as Commerce chief. His spokesmen said in November that Ross planned to completely divest from Navigator, although he wasn't required to do so under his ethics agreement as an incoming Cabinet member, because he wanted to avoid any possible perception of a conflict of interest. Ross says now that he has completely divested his Navigator holdings. In a statement Tuesday, Ross said it would be 'completely false' to imply that the transactions involved insider trading using nonpublic information. The Times reporter 'contacted me to write about my personal financial holdings and not about Navigator Holdings or its prospects,' he said. 'I did not receive any nonpublic information due to my government position, nor did I receive any nonpublic information from a government employee. Securities laws presume that information known to or provided by a news organization is by definition public information,' Ross' statement said. Ross said he had been in the process of selling off his holdings in the company when he learned in late October that there were additional shares belonging to him in an account opened by the company. Because the shares were 'in electronic form' and he didn't have physical access to them to deliver them to the broker on time, he said he 'technically sold them short.' When he received the physical shares on Nov. 16, Ross said he delivered them to the broker to close the transaction. 'Therefore, it made no economic difference to me whether the shares went up or down between the sale date and the date I delivered them,' he said. The owners of Sibur, the Russian gas producer that is a major customer of Navigator, have included two Russian oligarchs close to President Vladimir Putin and a businessman believed to be Putin's son-in-law. Navigator ships products from Sibur. Navigator is one of a few companies in the world that can transport liquefied petroleum gas in cold and icy conditions. Russia is known for its brutal winters as well as its giant, state-controlled oil and gas producers.