Archive for March 2019

Joseph Sangl’s Current Investments – 2019

Full Disclosure: I am not a certified financial planner, nor do I sell investments, insurance products, or other similar financial products. My goal in sharing this information is to shed light on a topic that few people understand well. It is my hope that this information will help inspire more people to climb the I Was Broke. Now I’m Not. Ladder (download a free copy HERE) and become wise investors so they can live fully funded lives.

=| 2019 INVESTMENT UPDATE |=

It’s that time of year again where I review my current investments and take a moment to philosophize about the future of investing.

My investing activity is driven by a powerful truth: “There is no HARVEST if you do not INVEST.

As I prepare this report each year, I always take time to review previous updates I have provided. A statement made in my 2007 update bears mentioning again: “Many people are diversified WITHIN the stock market. It is also important to be diversified OUTSIDE of the stock market.” I encourage all investors to invest within the stock market, but to also explore other investments such as real estate, small businesses, franchises, or precious metals.

A reflection on my prognostications for 2018 – the year that was.

2018 Thought: “While I could be wrong, it is difficult for me to see major growth within the stock market in the near future.” This thought actually proved to be true! Indeed, the market declined across all the major indices. The Dow fell 5.6%. The S&P 500 was down 6.2% and the Nasdaq fell 4%. It was the worst year for stocks since 2008 and only the second year the Dow and S&P 500 fell in the past decade. (Source: CNN Article HERE)

I also believed the market would experience turmoil and roiling. With tariffs, the mid-term elections, and privacy issues becoming a prominent focus of investors, investments indeed experienced “turmoil and roiling.”

One of the most common questions we receive here at I Was Broke. Now I’m Not. is: “What investments do you recommend?

My answer is always, “I don’t recommend specific investments. I can only tell you the investments I own, and they have worked well for my family. The investments you choose are up to you.”

Below is a chart of my current investments – click on the chart itself to download a printable version.

Throughout the year, I continued to actively trade stocks. I have sold several individual stocks (Wells Fargo and Rite Aid) and bought new individual stocks (Apple, Discover Financial Services, EventBrite, and SurveyMonkey). I also deepened my investment into several other companies. Overall, my investment strategy has continued on a straight-forward path of maintaining a diversified portfolio. However, my business holdings have outpaced the overall market pace which has created an imbalance in my portfolio.

2018 Balance: 32.64% real estate, 27.01% small business, 24.66% stock market and 11.57% cash.

2019 Balance: 18.10% real estate, 59.90% small business, 14.00% stock market and 6.90% cash.

NOTE: This imbalance is due, in large part, to a revaluation of our small business holdings.

 

My views of the investing market place for the next year:

  1. Turmoil, Roiling, and Churning will continue  The overall Price-to-Earnings Ratios for all of the major indices are still at what I believe to be maximum acceptable levels. As a result, any market news will contribute to substantial volatility.
  2. Interest Rates will continue to moderate  Based on my own research and experience, I believe the overall economy did enter a “mini-recession” in the three months of Nov/Dec/Jan. The market declined by more than 18% and there was a government shutdown for more than a month. This led to a “pausing” by the Federal Reserve in their steady movement upward of interest rates. As a result, I believe there is actually a high potential for interest rates to be held steady for the next twelve months with some potential for a decrease to be issued! This should help steady the housing and automotive markets as they are highly reliant upon favorable lending terms.
  3. There will be mild growth over the next twelve months  The stock market recovered mightily over the first quarter of the 2019. I believe there is a chance for growth of around 4 to 5% over the next year. Contributors to this growth include: resolution of the Chinese tariff/trade challenge, interest rate moderation, and continuing economic expansion.

As always, I could be totally wrong. I welcome your thoughts, comments, and prognostications!

My favorite investment links I’ve encountered through the past year:

  1. Price-to-Earnings Update Site (provided by the Wall Street Journal)
  2. Compound Annual Growth Rate Calculator (provided by MoneyChimp)

Read previous installments of Joe Sangl’s “Current Investments” posts HERE.

MONDAY MONEY TIP PODCAST: Top Money Questions – March 2019

Happy Monday! Today on the Monday Money Tip Podcast we will be answering your top money questions for the month of March. Questions today will range from credit cards to emergency funds to bankruptcy. In our Current Money Events segment we will discuss the current U.S. National Debt and explain what you can do to help! Finally, we will hear a success story from an individual who got her finances in order and gained a vision for her financial future.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

 

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Get an update on the U.S. National Debt and find out how you can help reduce the deficit.
  • Hear a success story from an individual who got her priorities in order and now has a vision for her future.
  • We will be answering your top money questions from the month of March. Today’s questions range from credit cards to emergency funds to bankruptcy.
  • Learn the Rule of 72 and how it relates to the growth of your investments.
  • We will explain what dollar-cost averaging is and how it benefits you as an investor.

Resources:

IWBNIN Free Tools
IWBNIN Ladder
IWBNIN Next Steps: Banking


Quote of the Day: “The man who asks a question is a fool for a minute, the man who does not ask is a fool for life.” – Confucius

MONDAY MONEY TIP PODCAST: Joe’s Current Investments

Welcome back to another episode of the Monday Money Tip Podcast! This week, we will discuss the stock market in our Current Money Events segment and you’ll hear the “Joe Sangl” approach when it comes to investing and the diversification of income. Lastly, we will share a success story from a listener who created financial margin in her life and even forgot it was payday!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Hear a stock market update in our Current Money Events segment.
  • We will share the “Joe Sangl” approach of how to diversify income.
  • Hear a success story from an individual who created financial margin in her life and forgot it was payday.

Resources:

IWBNIN Saving & Investing Tools
Oxen Book
Social Security Calculator
Net Worth Calculator
Charles Schwab


Quote of the Day: “The Bible says in 2 Corinthians 9:6 that if you sow generously, you will reap generously. If you sow sparingly, you will reap sparingly. But what if you sow nothing at all? I suspect you will reap nothing!” – Joe Sangl

Change Your Mindset On Budgets

What thoughts or emotions come to mind when you think about creating a budget? Frustrating? Horrible? Painful? I’d rather go to the dentist for a root canal? This used to be my mindset on budgeting so I completely understand every negative emotion that you feel. However, when I decided to change my financial future I knew that the key to this was a budget. In order to actually create a budget and follow through with it, I had to change how I viewed a budget and I’m here to tell you that you can too.

If you want to change your mindset on budgeting you first have to realize what a budget really does. It is not meant to be restrictive or remind you that there is never enough. What a budget really does is the opposite. A budget allows you to actually decide where it wants to go instead of wondering where it went! This is HUGE! A budget gives you control. A budget allows you to manage your money and ultimately fund dreams. I don’t know about you but I would much rather fund my dreams instead of going to the dentist for a root canal.

Instead of looking at a budget as a worthless process, start to think about what a budget can do for you. Write down your dreams. Do they cost money? How are you going to get that money? A budget. Once you start looking at a budget as a way to make your dreams a reality, any negative thoughts will become a thing of the past.

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Bite-Sized Debt

Happy Monday! Another episode of the Monday Money Tip Podcast is live and this week we will share with you how you can break down your debt into bite sized pieces. We will give you updated statistics about the average student loan payment and more in our Current Money Events segment. We will also share a success story from an individual who saved money in her budget by simply asking for a better deal.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Learn about the median and average debt payments in America.
  • Hear a success story from an individual who cut the fat in her budget by looking at things differently and not being afraid to ask for a better deal.
  • We will discuss how to make debt more manageable and create a plan of attack by breaking it down into bite-sized pieces.

Resources:

Debt Freedom Date Calculator
American Housing Survey
Average Student Loan Payment
Credit Card News Article
Credit Card Minimum Payment Calculator
Annual Credit Report
0% Balance Transfer Credit Card
I Was Broke. Now I’m Not. Book
Debt Snowball YouTube Video
IWBNIN Ladder
Debt Pay-Off Spectaculars

Quote of the Day: “Persistence is essential to accomplishment.”