Welcome to the Payne Points of Wealth: The podcast that addresses all the pain points that come with creating your wealth, growing your wealth, and sustaining your wealth. Hosted by the Family Wealth Experts of Payne Capital Management, Bob, Ryan & Chris Payne. On a weekly basis, they deliver timely strategies and solutions for the pain points that come with building, preserving and managing your wealth.
Episodes
Wednesday May 04, 2022
Wednesday May 04, 2022
What's up! It's episode 81 of Payne Points of Wealth and we have a very special guest for you today, Mr. Charles Payne, from Making Money with Charles Payne on Fox Business. He is also the Founder and CEO of Wall Street Strategies, Inc., an independent stock market and equity research company. Charles talks about his life philosophy, his journey to success, and the state of Wall Street today.
We're also going to talk about all the volatility in the market. We've got a recession potentially on the horizon, negative GDP growth in the first quarter, and earnings coming in strong. What does it all mean? We're going to give you our viewpoint on the stock market and the economy. Don’t miss it!
You will want to hear this episode if you are interested in...
- Living two childhoods [1:57]
- The transition from the Air Force to Wall Street [7:17]
- What should you study today to prepare for a career on Wall Street? [14:08]
- Charles’ view on financial security [21:57]
- Back to our regularly scheduled program…Wall Street is a zoo! [27:48]
- Getting past the noise [31:55]
- Hidden Facts of Finance [36:06]
Making Money with Charles Payne
Charles’ childhood was his driving force behind wanting to be in the financial industry. He had two very different childhoods, he tells us about them in the episode so be sure to check it out. At 14 he told his mom he was going to work on Wall Street and at 17 she co-signed so that he could buy his first mutual fund. After four years in the Air Force Charles started his career on Wall Street at E. F. Hutton. His exceptional people skills seem to be a running theme found throughout his success. Charles loves what he does and can’t imagine retiring. You can find him weekdays on his show Making Money with Charles Payne on Fox Business.
2022…The year of going nowhere FAST!
It seems like we're back to where we were in January. We had an all-time record high the first week of January, then we had a big correction. Rallied back up but now we're back down to where we were corrected. It seems like we're standing still, but meanwhile, lots of economic numbers are coming in. We just had a very negative GDP down 1.4%. I say negative when you say it in the context of what the last quarter was, which was up 6.9%. Meanwhile, earnings are good, unemployment numbers are dropping, and margins are improving.
We're going nowhere fast. There's been tons of volatility, but if you look at it over the last 10 months, unless you're talking about growth or disruptive technology, the market's been sideways. The hawks are getting more hawkish because the FED is tightening financial conditions. The bears are getting more bearish. Wall Street is a zoo!
This week’s hidden facts of finance
- Computer-driven trading accounts for 65-70% of daily equity activity
- More than 4.3 billion people spend about four hours a day on mobile devices.
- Russia's economy is smaller than New York's and technologically way more backward.
- More than 70% of Americans don't know what an NFT is. However, 23% of millennials in the U.S. collect NFTs
Resources & People Mentioned
See if you qualify for a complimentary financial review from the Paynes
Connect With Ryan, Bob, and Chris
- http://PayneCM.com
- Follow on Twitter
- Follow on Facebook
- Follow on LinkedIn
- Subscribe on YouTube
- Follow on Instagram
Subscribe to Payne Points of Wealth
On Apple Podcasts, On Google Podcasts, On Spotify
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.