CAUTION… Santa Clause Rally Ahead

Should you be buying this precious metal this Christmas? Find out what it is today as we reflect on how instant gratification, social media, and shifting consumer behavior mirror broader economic changes. We also talk practical year-end investing discipline, including portfolio "hygiene," investor psychology alignment, rule-based decision making, and tax-loss harvesting strategies. We explore assesing holdings as if investing fresh today, managing oversized winners and stagnant losers, watching natural market turning points around year-end, while also exploring inflation trends, shrinkflation, housing affordability, and generational cost pressures. We also urge listeners to use the final weeks of the year to review risks, taxes, family financial clarity, and opportunities ahead. Thoughtful preparation, not momentum or emotion, drives long-term investment success.

We discuss...

• The importance of year-end portfolio assessment, emphasizing reviewing holdings as if investing fresh today to determine alignment with investor psychology.
• Manage oversized winners, stagnant losers, and follow disciplined, rule-based investment practices rather than ego-driven decisions.
• Tax-loss harvesting is a key strategy, including the special advantage that crypto is treated as property and not subject to the 30-day wash-sale rule.
• Monitoring natural market turning points, particularly around year-end, to identify potential buying opportunities in beaten-down assets.
• Gold's leadership in the rally, silver's sharp recent gains, and the implications of JP Morgan shifting from short to long silver positions.
• Basel III banking regulations and the possibility of global banks increasing gold holdings if U.S. deficits rise above projected thresholds.
• Strategies for buying gold and silver, emphasizing buying for weight to minimize premiums and potentially profiting from historical spreads in coin pricing.
• Have caution with rare coin premiums, only experienced investors should consider numismatic factors, otherwise stick to weight-based purchases.
• Inflation indicators, using Campbell's Soup can pricing as a proxy for quality-adjusted inflation over decades.
• Shrinkflation and the rising cost of essentials for younger generations, noting housing, insurance, and other expenses have outpaced wages.
• Recent trends in housing, including declining new home prices but smaller home sizes, illustrating hidden inflation and cost pressures.

Today's Panelists:

Kirk Chisholm | Innovative Wealth

Douglas Heagren | Mergent College Advisors

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For more information, visit the show notes at https://moneytreepodcast.com/santa-clause-rally-ahead-775