Your Money Momentum

Should we expect a doomsday or do investors have a bright spot for 2022?

Fourth Quarter Market Review

Biden Tax Proposal

In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy hosts Kevin Curley in their fourth installment of witty banter. This time they cover Bitcoin, metaverse, corporate earnings, economy and the Fed, and the Biden administration’s tax proposal. Guest Bio: Kevin M. Curley, II, CFP® Kevin is a graduate of Villanova University with a Bachelor of Business Administration, Management Information Systems where he was honored by the Villanova University Alumni Association as a 2017 Young Alumni Medallion recipient. He holds the CERTIFIED FINANCIAL PLANNER ™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. Working in financial services since 2009, Kevin enjoys helping guide high net worth families through a comprehensive wealth management system. Host Bio: Tom Kennedy, CFP® Tom joined Global Wealth Advisors (GWA) in our Houston, Texas office in 2018 and became a managing partner in 2021.  With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics.  He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc.  He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein, and FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor.   Find it Fast 0:25        Bitcoin* 4 :44       Metaverse Technology and Facebook 8:40        Supply Chain 9:45        Corporate Earnings and Stock Buybacks 11:45      Economy, Debt and the Fed 16:05      Infrastructure, Climate and Social Bills 19:45      Potential for Recession 21:02      Tax Proposal *This podcast is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency. Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Part Four: Bitcoin, Metaverse, Economy, and the Tax Proposal

Since our last podcast, we’ve had several interesting activities take place that could impact the financial markets.  In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy hosts Global Wealth Advisors’ Kevin Curley in their third witty banter installment on the latest topics. This time they discuss the big selloff in China, interest rate jumps, and the threat of increased taxes. As mentioned in the podcast, send your questions and comments to info@gwadvisors.net. Guest Bio: Kevin M. Curley, II, CFP® Kevin is a graduate of Villanova University with a Bachelor of Business Administration, Management Information Systems where he was honored by the Villanova University Alumni Association as a 2017 Young Alumni Medallion recipient. He holds the CERTIFIED FINANCIAL PLANNER ™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. Working in financial services since 2009, Kevin enjoys helping guide high net worth families through a comprehensive wealth management system. Host Bio: Tom Kennedy, CFP® Tom joined Global Wealth Advisors (GWA) in our Houston, Texas office in 2018 and became a managing partner in 2021.  With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics.  He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc.  He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein, and FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor.   Find it Fast 0:57        China selloff 8:24        Interest rates & LIBOR 11:25      Nuclear sub deal 12:55      Tax policy 15:50      Corporate taxes 18:15      Capital gains tax                  Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Part Three: China Selloff, Interest Rate Jump, and Tax Policy

This week we have a mixed bag of financial market topics.  In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy hosts Global Wealth Advisors’ Kevin Curley as they discuss the US dollar and other currency, what’s going on in emerging markets such as China and Afghanistan, how college athletes may now be compensated through endorsements, and what to do with windfall.  As referenced in the podcast, we are providing a link to the George Soros op-ed published in the Wall Street Journal. Guest Bio: Kevin M. Curley, II, CFP® Kevin is a graduate of Villanova University with a Bachelor of Business Administration, Management Information Systems where he was honored by the Villanova University Alumni Association as a 2017 Young Alumni Medallion recipient. He holds the CERTIFIED FINANCIAL PLANNER ™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. Working in financial services since 2009, Kevin enjoys helping guide high net worth families through a comprehensive wealth management system. Host Bio: Tom Kennedy, CFP® Tom joined Global Wealth Advisors (GWA) in our Houston, Texas office in 2018 and became a managing partner in 2021.  With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics.  He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc.  He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein, and FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor.   Find it Fast 1:10        US Dollar 7:39        China and Afghanistan 10:05      Soros article on China Conflict 11:51      Emerging markets and allocating a portfolio 14:00      Globalization 16:29      College athlete endorsements 25:21      What to do with a windfall               Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Part Two: Currency, Emerging Markets, and Windfalls

The market certainly has been interesting this year. From increased costs for houses, to interest rates, to China, there is a lot to unpack in this week’s show. In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy hosts Global Wealth Advisors’ Kevin Curley as they discuss three financial topics including potential causes for the hot housing market, financial market returns, and China’s role in the market.   Guest Bio: Kevin M. Curley, II, CFP® Kevin is a graduate of Villanova University with a Bachelor of Business Administration, Management Information Systems where he was honored by the Villanova University Alumni Association as a 2017 Young Alumni Medallion recipient. He holds the CERTIFIED FINANCIAL PLANNER ™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. Working in financial services since 2009, Kevin enjoys helping guide high net worth families through a comprehensive wealth management system. Host Bio: Tom Kennedy, CFP® Tom joined Global Wealth Advisors (GWA) in our Houston, Texas office in 2018 and became a managing partner in 2021.  With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics.  He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc.  He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein, and FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor. Find it Fast 1:15        Housing market 3:46        Continuing real estate market increases 7:10        First time homebuyers 10:32      Interest rates and market returns 15:15      Bond market 18:45      China and the market               Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Part One: Housing Market, Financial Market Returns, and China

It has certainly been a crazy start to the year when it comes to the market. In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy hosts Global Wealth Advisors President Kris Maksimovich for a midyear recap. With the comical sparring we have come to appreciate, they offer us a year-to-date report card before jumping into a bulls vs. bears discussion on inflation, interest rates, oil, the technology/stay-at-home stocks, and cryptocurrency*. *This podcast is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency. Guest Bio: Kris Maksimovich, AIF®, CRPC®, CRC® Kris is an Accredited Investment Fiduciary ®, Chartered Retirement Planning Counselor ™, Certified Retirement Counselor, and has passed the CERTIFIED FINANCIAL PLANNER ™ certification exam. He holds FINRA Series 7, 24, and 66 securities registrations with Commonwealth Financial Network ® and is a graduate of Southwest Missouri State University with a Bachelor of Science in Finance. Host Bio: Tom Kennedy, CFP® Tom joined Global Wealth Advisors (GWA) in our Houston, Texas office in 2018 and became a managing partner in 2021.  With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics.  He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc.  He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein, and FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor. Find it Fast 1:52        YTD Summary 3:08        Inflation 5:50        Interest Rates 9:48        Oil 12:50      Tech Stocks/Stay-at-Home Stocks 15:57      Cryptocurrency 18:50      Headwinds and Tailwinds 21:15      COVID-19 effect on the market 22:42      International markets and oil 24:42      Collectibles          Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Midyear Market Recap 2021

With current interest rates low and a housing market that is hot, this week we host a lending professional who shares the latest information on mortgages and refinancing.  In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy chats with Mortgage Loan Officer Cori Scherer about the current climate of the mortgage business.  They discuss how first-time homebuyers can frame their situation in the best possible light, the perils of credit scores and how to improve them, various types of loan rates, and the best time to refinance. Guest Bio: Cori Scherer Cori Scherer is a mortgage lender for U.S. Bank. She specializes in single-family, residential mortgage loans, business development, and client relations.  She is passionate about financial wellness and educating clients on ways to improve their financial health by sharing tips, reviews, and information on her Instagram account at @corischerer.  Cori has worked in mortgage lending in the Houston area for the past three years and holds a Bachelor of Arts from the University of Arizona. Host Bio: Tom Kennedy Tom joined Global Wealth Advisors (GWA) in our Houston, Texas office in 2018 and became a managing partner in 2021.  With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics.  He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc.  He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein, and FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor. Find it Fast 5:12        What to do as a first-time homebuyer 6:26        What defines a good credit score for top-tier rate 7:56        Risk and interest rates 8:44        Other factors lenders look at 10:53      Mortgage insurance 13:40      Determining what you can afford 15:10      Rates and types of terms 17:40      Current rates 18:30      How to know when to refinance 20:17      The effects COVID-19 has had on mortgage lending 21:51      Red flags for lenders 22:50      Improving your credit score Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Mortgages and Refinancing: What You Need to Know

The last eight years has brought some of the craziest weather conditions insurance agent Nick Klein can recall.  In this episode of ???? ????? ????????, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy chats with Nick about changes we can expect in the insurance industry. Together, they examine deductibles, shopping rates, umbrella policies, life insurance, and increasing health insurance costs.    Guest Bio: Nick Klein Nick Klein is co-owner and Vice President of HI Agency located in North Texas. He has been in the industry since 2005 and has been named a top insurance agent by both D Magazine and Texas Monthly in their annual lists for the last six years. Nick and his team help clients in 12 states with a variety of their insurance needs including property, casualty, auto, life, and health.  He holds a Bachelor of Business Administration from Howard Payne University and spends his free time involved in his daughter’s activities, and with his church and local community. Host Bio: Tom Kennedy Tom joined Global Wealth Advisors (GWA) in 2018 and became a managing partner in 2021. He serves as our host of Your Money Momentum, a GWA podcast on financially related topics. He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein. Additionally, he holds FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor. Find it Fast Property and Casualty Insurance 6:02        How industry has changed 7:32        Changes in deductibles and what’s covered 11:05      Should you be shopping rates? 14:04      Consider changes and work from home 15:25      How do they determine which carriers to work with? 17:55      Reviewing coverage and getting quotes 19:58      Umbrella policies   Life and Health Insurance 23:03      Who should have it and how much 26:43      App can help you determine how much life insurance you need 27:23      Health insurance costs   Listen in to Your Money Momentum published every other Friday, just in time for your morning commute. Music: PWISBY "Ruff" Find us: LinkedIn  |  Facebook  |  Twitter  |  YouTube

Should We Expect Insurance Premiums to Increase in this Economy?

Investors don’t seem to be scared away by the new administration’s policies in Washington. In this episode of ???? ????? ????????, Certified Financial Planner™ Professional Tom Kennedy takes a dive into the pros and cons of President Biden’s policy changes. He examines the sectors impacted by the vaccine rollout and stimulus, what increasing the corporate tax rate might look like, and the potential for breaking up big tech. Host Bio: Tom Kennedy Tom joined Global Wealth Advisors (GWA) in 2018 and became a managing partner in 2021. He serves as our host of Your Money Momentum, a GWA podcast on financially related topics. He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions. Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein. Additionally, he holds FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor.

Should Investors be Afraid of Biden’s Policies?

With interest rates so low, how can you strategically use municipal bonds in your portfolio? In this episode of ???? ????? ????????, Certified Financial Planner™ Professional Tom Kennedy and Alliance Bernstein Assistant Vice President Jason Mertz take a look at the bond market. Together, they examine how it works and the current environment and strategies you can use, especially if you are a high-income earner.

What Can We Expect with the Bond Market?

Emerging markets generally hold some characteristics of a developed market such as in the U.S., but they do not fully meet the standards. That said, they still make up more than half of the global GDP and warrant a closer look. In this episode of ???? ????? ????????, Certified Financial Planner™ Professional Tom Kennedy hosts Luis Lemus with Continuous Capital. Together, they examine emerging markets and their social, economic and political impacts. Guest Bio: Luis Lemus, CFA, FRM, CAIA Luis is a partner and client portfolio manager with Continuous Capital, an affiliate of Resolute Investment Managers. Their focus is on investing in the emerging markets overseas. He has over a decade of experience in the financial services industry and holds a BA from Southern Methodist University. Find it Fast 5:42     History of emerging markets 6:28      Social impact 8:20     Globalization tech shift 9:06     Projected GDP growth 12:00   Debt and the emerging markets 13:49   Declining U.S. dollar 16:48   COVID-19 and international markets 18:48   Political impacts 21:18   Data integrity 25:15   Strategy 28:10   Limitations Listen in to Your Money Momentum published every other Friday, just in time for your morning commute.

Where Are Emerging Markets Headed?

No doubt, 2020 left a lasting impression on many investors. With the effects of COVID-19, a contentious election season, and multiple stimulus bills, investors are sure to question if the coming year will lead to more of the same. In this episode of ???? ????? ????????, Certified Financial Planner™ Professional Tom Kennedy hosts Brad McMillan, the chief investment officer and managing principal at Commonwealth Financial Network®. This week’s topics include a 2020 report card on what worked and what did not. They deliver an outlook for 2021 including frank discussion on equities, fixed income, alternatives, the biggest threats, and general positioning for the year to come. They also tackle the new political environment and put a fine point on any fact and fiction surrounding the new administration. Guest Brad McMillan Bio Brad McMillan, CFA®, CAIA, MAI is the chief investment officer and managing principal at Commonwealth Financial Network®. He serves as the primary spokesperson for Commonwealth’s investment divisions and appears frequently on a range of media sites like the Wall Street Journal, CNBC, CNN International, Barron’s, and Bloomberg News. As if that is not enough to keep him busy, he writes a daily blog, The Independent Market Observer, and has authored Crash-Testing Investing, a tome for investors looking to protect their portfolio from potential crashes.  Brad holds a BA degree from Dartmouth College, a MS in real estate development from MIT, and a MS in finance from Boston College. He also holds the CFA®, CAIA, and MAI professional certifications. To follow along with Brad and his market musings and videos check out The Independent Market Observer. Find it Fast   4:00   2020 Recap   6:02   Stimulus Effects   7:35   Political Perspective   8:18   Market Response   9:40   Normalization of Market 11:12   Emerging Markets 12:25   Healthcare 12:48   Commercial Real Estate 15:10   Interest Rates 17:16   Equity Markets 18:33   Fixed Income 21:19   Bond Market Expectations 22:50   Potential Market Disruptions 23:58   Further COVID-19 Effects 24:45   Positioning Thoughts for 2021 26:00   Reddit Effect Listen in to Your Money Momentum published every other Friday, just in time for your morning commute.  

Market Outlook for 2021 You Don’t Want to Miss

In this episode of ???? ????? ????????, host Tom Kennedy chats with U.S. charitable fund gift specialist Eileen Tam about charitable giving as part of estate planning. Eileen serves as Vice President of Product Management at Eaton Vance and she shares a wealth of knowledge with those who may be interested in charitable giving but are unaware of what tools are available to them. Topics covered include gifting, generating income, and the tax deductions available through vehicles like donor advised funds, charitable remainder trusts, and pooled income funds. For additional help on the subject, please check out our investment returns calculator or the estate tax planning calculator. You can also read up on donor advised funds and charitable bequests on the Global Wealth Advisors website.  

Three Important Charitable Giving Tools You May Not Know About

Your Money Momentum delivers information on personal financial planning, investing and wealth management with our engaging host, Certified Financial Planner™ Professional Tom Kennedy from Global Wealth Advisors in Texas. Every other Friday, Tom will bring you 30 minutes of expert discussion, strategy, and practical advice aimed at building momentum with your money. The variety of topics covered by this show include market news, investment strategies, retirement planning, estate planning, risk management, income tax planning and business succession. We’ll bring you expert market observations and interviews showcasing real-life examples of how others successfully accumulate, preserve and protect wealth, how they provide for those they care about most, and how they stay on track in meeting their retirement goals. As experts in the field, our commentary has been seen in U.S. News and World Report, The Wall Street Journal, Nasdaq, Investopedia, CNBC, and Yahoo! Finance, among others. Our goal is to help you make smarter decisions about your complex financial life. Please subscribe for free and listen in every other Friday in time for your morning commute. Global Wealth Advisors 18170 Dallas Parkway, Suite 103, Dallas, TX, 75287. Phone: (972) 931-3818. Securities and advisory services offered through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser.

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