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The Daily Mission

Greg Saurenman•followthemission.com
Business
Investing
Independent, straightforward take on life mission, life planning, financial planning, investing, the psych of money, communication around finances, things that troll Ye Olde Wall Street. By: Mission Advisory Group, a fiduciary-led Registered Investment Adviser, not beholden to any big bank or advisory firm. Relevant. Knowledgeable. Contrarian. Quant meets Qual. Algos. Humans. Access for all. This is not investment advice. For more information and to see disclosures, please visit: https://www.followthemission.com https://www.linkedin.com/in/gregsaurenman/ https://twitter.com/motion2action
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Episodes

While The Song Remains The Same

Stronger job reports = equities going lower. Weaker job reports = equities going lower. Meanwhile, people continue the myopic, binary-outcome argument about "when does the Fed pivot?" Not only is a Fed "pivot" not occurring, even if it did it's not resuming a secular bull market in stocks. ➡️Especially not in the pandemic story stocks. ➡️Especially not in high-beta (high-risk), and high P/E's. ➡️Especially not in the worst credit, junk bonds, and the pile of excrement that exists across a decent...

Oct 07, 2022•8 min•Transcript available on Metacast

The Shite Has Hitteth Thine Windmiller

Well, it’s getting real friends. Like the math said it would. Now, what do we do with it. First, we don’t panic. You were prepared , or you weren’t. If you were prepared, you’re sanguine. You’re accepting of the circumstances. If you weren’t prepared, that’s ok. Let’s talk about how you can approach this. Second, turn off financial media. They’re only going to stoke emotions, resulting in things like (but not limited to) getting submerged in the FUD (fear, uncertainty, and doubt), the FOMO (fear...

Sep 29, 2022•6 min•Transcript available on Metacast

Dual Hurricane Forces

There’s another hurricane that is strengthening. In the form of a global economic downturn. It’s affecting our shores and moving up in Cat strength. Prepare wisely for this one because its looks to be a Category 5 storm, the effects of which could last the next 4 quarters. Unfortunately, the industry hasn’t prepared you for this. Big banks, financial media, the inexperienced social media personalities, even the Fed, Treasury, and White House. It’s been disappointing. You will see green on the sc...

Sep 28, 2022•4 min•Transcript available on Metacast

THE RISK YOU DIDN’T KNOW YOU HAVE

THE RISK YOU DIDN’T KNOW YOU HAVE Move over FANG. The new crew is AMATA. Remember “FAANG?” Facebook, Apple, Amazon, Netflix, and Google? They were the talk for quite some time. But, things always change. Netflix and Facebook dropped out of the top 5, Google changed its name, and Tesla became the new darling of the market. The new crew, let’s call it AMATA, is Apple, Microsoft, Amazon, Tesla, Alphabet. These 5 stocks compose: 42% of the NASDAQ 100 22% of the S&P500 That is a high and concerni...

Sep 26, 2022•7 min•Transcript available on Metacast

Markets are not in good shape. A quick update for week ending Fri, Sep 23rd

A quick & relevant update on markets for Fri, Sep 23rd None of what you see happening right now is a buy signal. The dollar is ripping higher. This is not good for the global economy. Yields/rates are soaring, with a high rate-of-change. The downside/low-end mathematical range for equity markets is dropping. You must understand the importance of bonds and currencies in determining what's happening in equity/stock markets. This is something you won't often hear, won't be taught by media. Vola...

Sep 23, 2022•5 min•Transcript available on Metacast

There’s No Shame In Your Money Game

Shame has no place in personal finance. This goes for individuals, and especially couples. The moment that shame starts to emerge, we wreck it. It is antithetical to our process. Our work is to align and help redirect. Align in that we understand perspectives. Redirect as in helping people to rethink and rewrite their story. Who of us has not made money mistakes? Most of us were not equipped with proper money tools. Families don’t understand. Schools don’t teach financial literacy. Or at least h...

Sep 22, 2022•3 min•Transcript available on Metacast

7 things you CAN control right now with respect to your money and the longer term effects of inflation

1. Make household budgetary changes. It’s not easy, but it can be done. In other words, save more. Spend less than you’re earning. Self-discipline. Cash-flow planning. Think like a business. Create more margin. 2. Adjust risk in your investment portfolios. What worked for the last 12 years is not what works now. 3. Look for opportunities to ask for a raise. Or if you’re in a business development / sales role, you know what to do. Work smarter and harder. 4. Look for ways to improve your skill se...

Sep 22, 2022•3 min•Transcript available on Metacast

Dolla Dolla Bill (is a wrecking ball, y'all)

The US Dollar. Yankee Fiat. cash, bills, paper, greenbacks, moolah, scratch, dough, bread, cheddar. dead prezzies. No matter what you like to call it, that dollar dollar bill is a wrecking ball, y’all.  It's in high demand, globally. And that can create some pretty big problems in the short term. Let's talk about why in short order.

Aug 03, 2022•8 min•Transcript available on Metacast