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Back & Forth with Blue Ridge Wealth

Author: Blue Ridge Wealth Planners

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Two financial professionals go back and forth on the pros and cons, advantages and disadvantages, and general comparisons of one topic per episode.
13 Episodes
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Today John Vandergriff and Zach Hill go back and forth on behavioral finance and confirmation bias.--------This episode's notes:Behavioral Finance/Economics is a new field, founded by Daniel Kahneman and Amos Tversky; Kahneman won the Nobel Prize for Econ in 2002; Richard Thaler, won Nobel Prize in 2017, for continuing their research.Example of this study is auto-enrollment in 401k plans. Thaler found that one behavioral bias was to anchor to things how they were. So when participants are auto-enrolled in retirement plans at work, they tend to stay in the plan rather than opt out. It is estimated that this study has helped add over $30 billion to retirement accounts since 2011.  OverconfidenceOverconfidence has two components: overconfidence in the quality of your information, and your ability to act on said information at the right time for maximum gain. Studies show that overconfident traders trade more frequently and fail to appropriately diversify their portfolio.One study analyzed trades from 10,000 clients at a certain discount brokerage firm. The study wanted to ascertain if frequent trading led to higher returns. After backing out tax loss trades and others to meet liquidity needs, the study found that the purchased stocks underperformed the sold stocks by 5% over one year and 8.6% over two years. In other words, the more active the retail investor, the less money they make. This study was repeated numerous times in multiple markets and the results were always the same. The authors concluded that traders are, "basically paying fees to lose money."AnchoringAnchoring bias occurs when people rely too much on pre-existing information or the first information they find when making decisions. So if a stock was at $100, then fell to $50, you perceive it as cheap when in reality.Loss AversionBasic expression is that you feel pain from losses more than you feel pleasure from gains.Confirmation BiasBeing drawn to information that validates existing beliefs or opinions. This is often very common with political or religious beliefs, but also exists with financial tpics as well. One example is believing the company you work for is the greatest company in the world. For example, if you have worked for Walmart in Arkansas for the last 30 years, you might hold a lot of Walmart stock because you’ve seen the company grow a substantial amount over that time period. But you might have missed out on the gains brought about by tech companies like Amazon who have innovated and taken market share from Walmart simply because you work for Walmart.--------Find the notes for this episode here:https://blueridgewealth.com/podcast-notes-s2e3/Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Today John Vandergriff and Zach Hill go back and forth on the recent $900B stimulus package, where most of that money was allocated, and how it affected the economy. John also ties in how this money, and future stimulus packages, can be managed wisely.--------This episode's notes:Checks of 600 versus 1200 last timeFamilies got $600 per childUnemployment at $300 per week versus 600 last timeExtension runs through March 14 (previous $600 boost expired on July 31)4 million have been unemployed for more than six months6 million are on unemployment aidRepurposes $429 billion in unused funding from CARES actPPP round twoRevenue must have decreased by 25% in one quarter this year compared to last yearCannot get PPP if you’re publicHave to have been in operation prior to Feb 15 2020300 or fewer employees (compared to 500 or fewer)Food and beverage gets 3.5x instead of 2.5x$15 billion for the entertainment industry, specifically independent music venues and theatersThe largest public rescue of the arts industry everThe bill includes $20 billion for the purchase of coronavirus vaccines “that will make the vaccine available at no charge for anyone who needs it,” according to a summary circulated by Scalise’s office.Colleges and schools to received $82 billion--------Find the notes for this episode here:https://blueridgewealth.com/podcast-notes-s2e2/Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Today John Vandergriff and Zach Hill go back and forth on the current state of the economy. They'll discuss how COVID-19 and the stimulus packages have affected GDP, online retail sales, employment, and the housing market.This episode's notes:GDPHousingJobs and UnemploymentOnline retail sales have been up huge, death of malls finally?Second Stimulus + Vaccine could be huge for 2021To see the data referenced in this episode, visit:https://blueridgewealth.com/podcast-notes-s2e1/Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Can life insurance be a part of your tax plan? Is a Section 7702A plan really a super Roth? What if the rules change?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Is real estate an uncorrelated asset? Is illiquidity a problem? Should you incorporate a pooled investment in commercial properties as a source of diversified income?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Annuities (Ep. 8)

Annuities (Ep. 8)

2020-08-2827:01

What happens if you live longer than your money? Are annuities all bad? Are any of them useful sources of lifelong income as they promise?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
The Election (Ep. 7)

The Election (Ep. 7)

2020-08-2125:40

Do elections really affect markets? Does it really matter which party wins? Are our elected officials affecting the markets or is it the fear or hope that comes with our own expectations?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Can you take care of your finances on your own? Should you? What can a financial advisor do that you can't or don't want to do on your own?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Are the darlings of the stock market worth the hype, or should you stick to the tried and true giants of commerce? Are dividends a useful source of income, or are you better off letting companies reinvest in themselves?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Are money managers worth their fee? If nobody can time the market or pick the best stocks, is the guidance and accountability an advisor provides worth what they charge?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
The big tax gamble: Will taxes be higher now or when you retire? When does it make sense to invest pre-tax versus after-tax? Is there a role for both in your retirement plan?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Do stimulus checks actually help prevent recessions, or do they just dig us unnecessarily deeper into debt? What are we learning from these momentary experiments into universal income?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
Is the Fed's main tool for a slipping economy effective? What happens when they cut the rate all the way to zero? Are negative Interest rates a useful idea or simply un-American?Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
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