Are You A Do-It-Yourself Investor Or Is It Time To Go Pro?, Ep #82

What's up! It's episode 82 of Payne Points of Wealth. Another day and more of the same issues. Major volatility in the stock markets as interest rates continue to go higher. The FED continues to tighten monetary policy. In addition to that supply chains are still an issue as China is on some sort of lockdown. In addition to that, we still have war in Eastern Europe. What do you make of everything? More economists every day calling for a recession. We're gonna give you our view on exactly what's going on right now in the economy and what you should be doing with your investment portfolio. On the tipping point today, are you a do-it-yourself investor? We're going to talk about the pros and cons of running your money by yourself. Is it a good thing or a bad thing? Is it for you? We're gonna get into it today. 

You will want to hear this episode if you are interested in...

• Going into recession? [2:48]
• Bond fund news [5:01]
• The Tipping Point [8:46]
• Are you living in an echo chamber? [10:29]
• What if something happens to you as a DIYer [13:17]
• Having an accountability partner [16:06]
• Hidden Facts of Finance [18:59]

Pent up demand is keeping the economy growing

We have this pent-up demand of people who have been trying to buy homes but there's been a shortage. Prices are going up and housing is still strong and there are still a lot of potential buyers out there. People are still trying to buy cars. There are still vehicle shortages. Companies are trying to expand but they can't find the workers. This pent-up demand is going to continue to keep the economy growing in spite of this inflation. In spite of all the negativity that's out there right now. 

When you're going into recession you're past pent-up demand. Right? You have demand actually starting to dial back. That's been the argument of all these economists that with inflation so high the consumer is just about to pull back. Well, we've been waiting for that be we are not seeing that. There's no consumer right now that's starting to pull back, no matter how high inflation is. This is more indicative of when you come out of a recession not when you are headed into one.

This week on the tipping point: Are you a do-it-yourself investor?

We have a very special guest on our show today financial advisor at Payne Capital Management Francesca “Frankie” Lagrotteria. We have been talking about the differences between investing on your own and using a financial professional. For this episode we thought we could discuss some of the pros and cons of running money on your own and whether it makes sense to make that transition from being a do-it-yourself investor to working with a financial professional. 

Frankie calls it being a self-employed investor. She says there are definitely some benefits to both, but there are, more importantly, some heavy risks, especially with the self-employed investor. When you do things yourself, you start to live in an echo chamber and have an advisor you have that third party, someone to bounce those ideas off of. Check out the episode to determine if DIY’ing is best for you or if it’s time to hand things over to the pros!

This week’s hidden facts of finance

• Is the U.S. dollar getting a little stretched? 
• Flexibility has become the top worker demand. In the U.S. 2 in 5 workers desire control over their own schedules and nearly half would be willing to accept a 5% or more pay cut to get it.
• Apple marched into 2022 as the first company to reach a $3 trillion market value making its market cap larger than all but 4 countries.
• Mariah Carey insured her legs and vocal cords for $35 million each totaling $70 million together.

Resources & People Mentioned

Meet Francesca “Frankie” Lagrotteria

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