Feed on

Listener Questions


On this week's episode of Tape Talk we go to the mailbag and discuss some of the questions we've been receiving lately from listeners, clients, and people out and about. We cover everything from retirement savings to annuities in this one!

What's the Story On Tesla?

Elon Musk is a charismatic, and often entertaining, entrepreneur who seems to never be far from the business headlines. Among the companies he spearheads is Tesla, the electric car manufacturer attempting to put the likes of Ford and General Motors out of business. Given the hype around these electric vehicles, is Tesla a place to park some speculative funds for the long-term?

Should I Max-out My 401k? Or, Should I Use A Roth?

Deciding between retirement tools isn't always easy, in this scenario we consider a listener who wants to know if they should max their 401k or use a personal account first. When it comes to the question of tax paid now or later it's more a bet on future tax rates than anything else. We'll consider who might want to pay the tax later and who might be better served to pay it now.

Should I Utilize My No-match 401k?

Continuing on talking about 401k plans we consider a no-match plan. Use it or not? We'll talk through the difference in investments options, accessibility, and a bit of estate planning considerations. While an employer plan and an individual retirement account may look similar there are a few key differences for investors to consider.

Yield Versus Yield to Maturity (YTM).

We're often asked by people when talking about fixed income investments why there's often a difference, sometimes a very large one, between what a bond is supposed to yield and what it lists as its yield to maturity. We'll discuss how demand, interest rates, and market movements affect bonds and change the realized yield you'll obtain if you buy those bonds after they've been issued.

Why Gold to Battle Inflation?

We've been talking about gold a few times on the show lately as we consider the potential for inflation to come down the pipe. You guys are listening! We've had more than a few questions in follow-up about why now is the time for gold if it hasn't worked in recent years. Find out why we're looking at this asset class now and our plan for it going forward.

Annuities! Can I Really Get 7%?!?

Quint rounds out the show talking about one of our least favorite investments in today's low interest-rate environment. On the surface, annuities often look like the perfect solution for what ails the risk-averse investor. However, we'll discuss some of the potential pitfalls and misunderstandings of this often overly complex asset class.

The Buffett Bounce


On this week's episode of Tape Talk we catch up with the latest moves across the market. Find out why Buffett made Apple pop, what's going on in oil, and whether Gold is losing its shine. 

Buffett talks, Apple pops.

Warren Buffett talked about Berkshire Hathaway's accumulation of additional shares in Apple (AAPL) during the first quarter prior to this week's annual shareholder meeting. The news and exuberance from the "Oracle of Omaha" sent the company's shares to new highs help drive the S&P and other indices higher for the week. Quint Tatro, Joule's CIO, talked with CNBC earlier in the week to discuss how investors may need only watch Apple for clues of where this market goes next. 

Gold, still glittering?

Gold has been quiet of late but that may not be the case forever. We'll talk about the bullish cash for this precious metal as inflation comes down the pipe. We'll also examine the technical set-up and how we've been looking to capitalize on this investor favorite inflation hedge in our clients' portfolios.

Oil, rally or head fake?

Oil saw its share of volatility this week as investors prepared for and digested news of the United States' intention to pull out of the Iran Nuclear Deal and the potential for increased middle east tensions. We'll look at whether this is a start of a new trend in this economically important energy sector or if investors need to dip their toe in cautiously. 

Interest becomes, interesting!

It's difficult to remember the last time we got excited about bonds and interest on this show. The fact of the matter is that interest rates have been anything but interesting recently. However, with the Fed's latest moves, inflation ticking higher, and China selling down treasuries is it time for an opportunity in this market?


Ahead of the first Saturday in May, Quint takes a moment to sit with famous horse player Mike Maloney to discuss this year's Kentucky Derby. From interesting trivia, to historical facts, you don't want to miss out on this episode especially if you're thinking of laying down some green on the race. 


*Nothing is totally bulletproof, because when it comes to investing there are zero guarantees! However, there are numerous ways you can help yourself succeed as an investor. This week we take a look at a few changes that just might make your plan more resilient than it is currently so you can succeed in reaching your goals

What's Your Required Return?

If you know what your savings goals are you should know the return it's going to take to get there. Your required return is that seemingly magic number that compounds your wealth from where to stand today to the goal you've been dreaming about. However, you need to know if that required return is practical, achievable, and fitting with your temperament. It's also an all-important factor in figuring out your investment allocation.

Not even at the point of having written goals and a plan to get there? Well, then maybe it's time for a LIFE Plan to get your goals on paper and develop a roadmap to get there.

Temperament Vs Requirement

We hear a lot about risk requirement when advisors and financial gurus talk about investing. But, what if risk requirement isn't everything? In fact, what if you're too conservative of an investor for the goals you desire. Or, what if you're far more aggressive than your goals dictate? We'll break down a few scenarios and what investors might consider in each.

Stocks and Bonds

It's common knowledge that stocks and bonds often move opposite of each other. In fact, this is one of the reasons investors typically split their portfolios between these two assets classes. But, what happens when this relationship changes? Like a bad date, something's gone awry lately in this typically quiet relationship. During the recent volatility in the stock market to start this year, we've seen both stocks and bond prices decline. We'll consider some of the reasons this might be occurring, what it means for investors' portfolios, and what we're doing here in response.

Is Gold Shining?

Much of the economic data we've seen lately seems to point to demand and prices picking up across the economic spectrum. If this trend continues to hold for any length of time, inflation may be just around the corner. This is one of the key reasons we've been looking at investments such as materials and gold lately. We'll break down why we're allocating into this shiny metal and our plan for it from here.


Technology stocks have received a lot of investors' focus of the past few years. However, the tide may be shifting as rotation picks up and other sectors move into the spotlight. In fact, we may just see the excitement for FANG stocks be replaced by the BEG sectors.

Banks Are Interesting

Have you heard the news? Interest rates have been headed higher. What may be negative news for companies that borrow loads of money can be a boon to those that lend it. Banks face a potential tailwind as the interest rate environment is slowly shifting to their favor while at the same time they have yet to pass that favor on to their customers. Add in the fact that many large banks are investing in technology to streamline or expand their offerings as well as owning hugely profitable trade desks and you have a recipe for some bottom line boosts over the coming years. We'll take a look at the sector and examine where opportunity may lay.

Energy Gushes Higher

Oil broke out to recent highs this week, even as the President tweeted angst toward the move. As the economies both domestically and abroad pick up steam oil looks to power the continuing move higher. Many of the energy associated names have been unloved as prices stayed depressed for numerous year. Now, though, there may an opportunity to tap into a trend higher as the momentum seems to be in favor of higher prices for the near term.

Gold Begins to Shine

Many investors and market pundits have been concerned about inflation since the Fed started unleashing liquidity into the market a decade ago to end the Great Recession. So far, that trade has been fools gold. However, as the Fed looks ahead to continued rate hikes in an effort to get ahead on inflation many wonder if they're already behind the curve. Gold may just be setting up on both a technical and fundamental basis to offer investors a way to play inflation should it transpire from here.


Banks, Energy, and Gold are the areas that seem to be begging for investors attention as the tech rally potentially takes a break from leading stock ever higher. If this trend continues it may be the type of major rotation that sees the indices relatively flat while sectors underneath rotate and diverge. We'll be following this trade for sure in the coming months to see how it evolves.


Clients of Joule Financial own positions in financials, energy, and gold through both various individual company stocks as well as ETFs.  

On this week's episode of Tape Talk we take a look at the quarter ahead and what might be in store for the market. Will inflation finally tick up? Will technology stocks take a back seat as other sectors catch up? How is sector rotation showing itself now? Find out this and more as we explore second quarter themes.

Stodgy Tech Stocks

Technology stocks have been widely in the news over the past few years. It's difficult to read about the markets without seeing mention of Facebook, Amazon, Apple, Netflix, Google, or Microsoft. However, these few stocks do not encompass the entire tech universe. We'll take a look at some of the stodgier names that have been picking up lately. Is there potential here for investors to gain technology exposure at lower valuations? We'll ask that and more.

Volatility Is Back

Unless you've been living under a rock or in a coma you've likely realized that volatility was back in force during the first quarter of this year. The recent increase in daily market moves has highlighted the movement of money between sectors. Is this rotation a new normal or simply a passing fad?

Inflation Concerns

Inflation may finally show up to the party this year. We'll take a look at some of the key areas to participate in the inflation trade. Is gold right for investors' portfolios here? We consider both the technical set-up and the fundamentals in favor of investors' favorite inflation hedge to see if now may finally be the time to add the shimmering metal to their investment line-up.

Tangible Stuff

Speaking of inflation, what does inflation and a roaring economy mean for materials and inputs? We discuss our recent exposure to the steel sector and why that might make sense in this environment of increased focus on construction and infrastructure. 

Market Bounce


Market Bounces Back

After the major indices were put through the ringer last week to the tune of a 6% decline they experience a small bounce back this week to end the quarter nearly flat for the year. The trend over recent declines has been that any dip is an opportunity to buy rather than a sign of a change in short-term trend. We'll take a look at the psychology of the recent move and examine whether the market is singing the same old tune or if the music might change this time.

South Korea Trade Deal

It made so few headlines you might have completely missed it, the US and South Korea last weekend came to terms on a trade deal around steel. Steel, huh? That may sound familiar from some other recent headlines where the industrial metal was in focus. We'll break down this latest news and what it might mean for global investors.

Facebook Gets Unliked by Investors (and the Government)

We touched on Facebook's recent faux pas in last week's episode but the situation continues to evolve as the stock continues its decline. This week we found out the FTC is looking into the company's sharing of private information and Congress is calling on Mark Zuckerberg to testify. While some people might be concerned about user declines we'll look at the recent issues from another angle by examining what this means for the advertisers from which Facebook derives its revenue.

Stocks In Play

Yes, the market has been rocky. However, assuming you're in this investing discipline for the long run you might be wondering where the opportunity may be here. We take a look at a few of the areas we're currently allocating and explore why they might be potential trends from here.


Trump Tariffs, Round 2.

We're kicking off this week's show examining the latest round of tariffs enacted this week by Washington. Unlike the previous steel and aluminum tariffs announced week's ago, these new sanctions are specifically targetted towards the United States's largest trading partner, China. The key focus of the Trump administration's move is targeting the wide deficit in trade between our two countries. However, the market has not responded favorably to the news of these new penalties. We spend some time breaking down the new tariffs, what it means for the market, and where opportunity might exist.


Facebook Faux Pas

Don't call it a "data breach!" That's what the folks at Facebook are telling us on news of Cambridge Analytica's unauthorized access to data on 50-million Facebook users. The political consulting firm is under scrutiny after reports surfaced that it obtained information it should have otherwise not had access to and may have been able to use that to influence or interfere with political races during the election. However, Facebook may be facing greater public backlash for not making the issue public sooner and lacking in its public response to the data crises. We'll discuss what this might mean going forward for the company and tech stocks in general.

Where's the Opportunity?

As the market continues its pullback, global stocks get hit by tariff fears, and the beloved tech stocks wrestle with a tarnished public image, one has to ask where is the opportunity in today's market? We'll review a couple of the places we've been allocating into recently and some of the ones that we might add to soon.


Interview from November 2015. In memory of Dr. Pearse Lyons, the Irish entrepreneur whose vision for improving global agriculture built a multibillion-dollar international business.

In late 2015 I had the unique opportunity to sit down with Dr. Pearse Lyons and discuss all things business and life. To say that Dr. Lyons had a positive impact on the state of Kentucky would be a gross understatement and I feel honored to have had the opportunity to glean a bit of wisdom from this incredible entrepreneur. In memory of Dr. Lyons, I hope you enjoy this interview as much as I enjoyed giving it. 


While most of us were sipping a cocktail preparing to watch the fastest two minutes in sports, Mike Maloney was holding a ticket, which in two minutes could be worth well over $200,000. The year was 2007 and Mike was gathered with close friends and relatives in a private room within Keeneland, 75 miles down the road from Churchill Downs. The bell rang, the gates swung open and Street Sense broke on the inside taking home the first leg of the famous Triple Crown at 9/2.

You’ll have to read the book to learn how that day played out for Mike, which is the opening chapter of his incredible page turner, Betting with an Edge, available through the DRF store HERE. While the book spends many chapters knee deep in the science and art behind handicapping, there are countless stories that had me on the edge of my seat and making this one of my truly ‘must reads’ for 2018.

Mike is a born and raised Kentucky boy with roots going back many generations. His first experience within the horse playing world came through his father, who Mike describes as being a ‘fantastic handicapper’ but to his detriment an ‘overly aggressive bettor.’

Having been a professional horse player for the last 18 years, Mike clearly has been able to strike a balance between the two tenants, which has resulted in not only a professional career but a private office within the confines of Red Mile in Lexington, complete with a semi-private bet taker.

Mike Maloney is regarded as one of the world’s elite horse players and has the stories to back this up.  Whether it was a busted day with his father, sitting in a pickup truck, stuck in a parking snafu outside of Churchill on Derby day or nailing his first big ticket as the single holder of a $75,000 pick 6 in the early 80’s, this podcast is a must listen and the book is a must read.


- Older Posts »