Alan Johnson, All American Assets
Logan Gilland, Joule Financial
Mostly Agree on Today’s Financial Climate
Talk Soup COMMENTARY 8/06/2024
NOTE: The two different financial advisors mentioned in this article are NOT related in any way whatsoever; and, both appeared on radio talk shows 8/06/24 from which this information was gleaned.
Worse Stock Crash Since 1987 Triggered Partly by Warren Buffet’s Sell-Off
In March 2023 a market down turn was expected; labor market slowdown precedes recession.
The hurricane, wars, and rumors of war have contributed to the current volatility in stock markets.
Alan Johnson, All American Assets (which is a gold and silver dealer) says JP Morgan Chase sent a letter to investors worth ten million or more, advising to revoke the traditional 60:40 makeup of their portfolios and diversify more including buying non-USA dollars.
The stock crash was not just triggered by Berkshire Hathaway’s sell off of blue chip stock. Warren Buffet sold 58% of his Apple stock and various amounts of others.
Gold, commodities, and real estate are the kinds of assets that should be increased instead of using the traditional 60:40 allocation split in your holdings.
Lockheed Martin and Trump Technologies stocks went up instead of crashing.
Over the last 20 years gold price went up 514 %, last month up 23% which preserves purchasing power, hedging against inflation.
China ($74 billion) and Japan ($24 billion) began selling off USA debt bonds last week.
Therefore want to raise capital gains to 74%. This is why EU, N. Korea, and Israel are talking about going to war, to offset these losses.
Important for investors to stay informed, be diversified, and protect your wealth.
What will save you from CBDs, etc.? People hoard gold itself, because it is more durable and can be exchanged for other things.
“When they want to move to this digital currency, it’s gonna happen,” said Alan Johnson.
“Wars on poverty, terror, covid, israel, wars and rumors of wars, we can’t do anything to help ourselves, the ignorant masses are kept distracted, gaslighted, misinformed, and propaganda media results in cognitive dissonance,” said Clyde Lewis. (top of first hour 8/06/24)
Harrisnomics regime forcasted 175k jobs to be added but was only 114k; we’re in inflation; when they lower interest rates it will fuel hyper-inflation; the fed is the villian.
Friday the fed announced the first day of inflation.
Electronics will be the first area hit by a cyber attack war so Buffet sold most of his Apple stock.
Japan bank raised interest rates to 25% so Nikkei 225 Index had a black Monday worse than 1987.
The market panicked, resulting in a sell-off because the fed was “behind the turn,” rather than a [true] economic down-turn.
March 2023 down turn expected; labor market slowdown precedes recession. The hurricane, wars, and rumors of war have caused the current volatility in stock markets.
Chase said for investors, message is clear: move past 60:40 portfolio, instead buy real estate and gold and tax efficiency holdings (commodities).
Age, employment status all affect your opportunities so always check with your qualified certified financial adviser before changing your investment portfolio.
Alan Johnson is with All American Assets, a full-service physical gold and silver dealer. They offer a range of bullion coins and bars, including the popular 1/10 oz Gold American Eagles.
Source: Clyde Lewis interview of Alan Johnson; and, MS Copilot Ai, 8/6/2024
Local Advisor, Logan Gilland / Joule Financial, Warns not to Panic
NOTE: The two different financial advisors are NOT related in any way whatsoever; and, both appeared on radio talk shows from which this information was gleaned.
Seven big companies makeup 35% of S&P therefore, yes, reduce your allocation of stocks and move that into bonds which are on the way up; diversify into different areas, according to Logan Gilland with Joule Financial on the Jack Pattie radio show third hour (9 a.m., 8/06/24).
He cautioned that you may not want to buy gold right now simply because it is very expensive.
He disagrees on the issue of whether USA will convert to only digital currency; if this happens it will be very gradually and not right away, he said.
USA is already using digital currency like credit / debit cards and electronic banking, but not bit coin yet.
The fed wanted the job rate to go down but failed to lower interest rates soon enough which helped break the economy. When the job rate got so low, the fed realized it needs to lower interest rates.
The monthly job data does sometimes come in late which requires the economic numbers (job rate and interest) to be adjusted.
Yes there is inflation, but it’s not being talked about.
Both sides of the government were stimulating the economy by sending out Covid checks and lowering interest rates which means there was a lot of money available but this led to inflation.
Interest rates on long term CDs are down. Treasury bonds are better.
Gilland predicts there will continue to be volatility in the market; and, he’s concerned about the massive government debt and the fact that interest on Government debt costs about as much as we spend on military.
USA consumer debt (automobile and credit card) is too high.
Whatever you do, don’t panic and consult with a qualified financial advisor before making financial decisions.
Source: Jack Pattie Radio Show, third hour, 8/06/24.
60:40 Investment Allocation from CoPilot Ai Chat
A 60:40 allocation refers to a portfolio split where 60% of the assets are invested in one type (such as stocks) and 40% in another type (such as bonds or cash). This approach aims to balance risk and return:
– 60% Stocks: Investing in stocks can offer higher growth potential but comes with greater volatility. Stocks represent ownership in companies and tend to perform well over the long term.
– 40% Bonds/Cash: Allocating a portion to bonds or cash provides stability and acts as a buffer during market downturns. Bonds are debt securities issued by governments or corporations, offering regular interest payments.
Remember that the specific allocation depends on your risk tolerance, investment goals, and time horizon. It’s essential to diversify and periodically review your portfolio to ensure alignment with your financial objectives.
