Boosting Your Financial IQ

Major stories developing on the global economic front, including:Two Sigma Under Scrutiny Bank of Japan Ditches Yield Curve ControlEurope’s Ongoing Economic StruggleThe American Middle-Class Are SufferingX Doesn’t Mark the Spot (FKA Twitter Value Plunges) Will Tesla Workers Unionize? Don’t miss our discussion on top stories in the world of finance: This week in the financial world, Two Sigma Investments, a substantial quantitative hedge fund managing around $60 billion, is facing SEC scrutiny after a researcher manipulated the firm's models, resulting in significant gains and losses totaling $620 million across multiple funds. This incident highlights the importance of maintaining integrity and transparency in the financial industry. On the international front, the Bank of Japan's departure from its yield-curve control policy raises questions about communication strategies and broader implications. And in Europe, the urgent call for economic growth is growing as France's Finance Minister emphasizes the need for more proactive measures. Over in the US, middle-class Americans are feeling economic unease despite a thriving job market and robust growth, with concerns about the Federal Reserve's actions to combat inflation. Also, Elon Musk's Twitter acquisition has significantly devalued, now worth less than half of the purchase price. Finally, the UAW sets its sights on unionizing Tesla after concluding the GM strike. It might sound like a lot but understanding the broader context empowers us to navigate challenging times and uncover potential silver linings within the economic landscape. Read the FinWeekly breakdown now.  Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Welcome to another episode of Boosting Your Financial IQ, where we empower you with the knowledge to make sound financial decisions. Our guest today is Eric Simonson, CEO of Abundo Wealth, a man who has walked the journey from humble beginnings to becoming an expert in financial planning. Can everyone benefit from financial planning, regardless of their current financial status? Absolutely! Eric will debunk some common misconceptions about financial planning for those who believe they don't have enough money to start. In this enlightening conversation, he will guide us on how even someone with a limited budget can embark on a journey towards effective financial planning. He'll share inspiring success stories of individuals who started financial planning with little to no money and discuss the long-term value of financial planning, especially for those who feel they're starting from scratch. So, stay tuned! By the end of this podcast, you'll have practical steps to start benefiting from financial planning, even if you think you don't have the money yet. Remember, it's not about what you have now, but what you aim to achieve in the long term. Let's boost your financial IQ together!Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Major stories developing on the global economic front, including:Stock WatchTreasury Bond YieldsThe Future of Money ManagersAuto-Loan Delinquencies Jamie Dimon Calls Out Central BanksFinWeekly is breaking down key financial stories developing right now: Don’t miss our discussion! This week, Wall Street experienced some turbulence with the S&P 500 enduring its longest five-day slide this year, likely attributable to the Federal Reserve's impending interest rate hikes and increased government bond sales. Plus, 10-year Treasury yield also crossed the 5% threshold for the first time in 16 years, reflecting the Fed's shift towards higher interest rates to combat inflation. Meanwhile, the asset management industry, overseeing $100 trillion, faces challenges with significant fund outflows and a potential end to a lengthy bull market. Ouch! Plus, more tough times for consumers as rising interest rates are causing delinquencies on auto loans to soar, impacting a majority of American car owners. And to cap it all off, Jamie Dimon, CEO of JPMorgan Chase, criticized central banks for their recent forecasting errors, urging caution about the economic outlook. Lastly, BlackRock reenters the target-date investing arena with a twist, introducing a range of 10 ETFs that adjust investments as investors age, filling a crucial gap in the market. Read it now! Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Welcome to the Boosting Your Financial IQ podcast. I'm Steve Coughran, your host, and today we're joined by Spencer Sherman, CEO of Abacus Wealth Partners. Our conversation, "Creating a Healthy Relationship with Money", will dissect the complexities of successful stock investing and address how fears and fixed beliefs can influence financial judgment. We'll delve into the inspiration behind Spencer's book, "The Cure for Money Madness", and extract its central message. We'll identify common money fears and their consequent impact on financial decisions. Considering what 'enough' means financially? We'll illuminate this concept and suggest strategies for cultivating an 'Enough Mindset'. Hear firsthand from Spencer as he shares cases of individuals who have successfully transformed their money mindset. We'll discuss the role of shame in financial behaviors and provide solutions to combat it. Our focus will be on the importance of a healthy money relationship for long-term financial stability and success. Looking ahead, we'll discuss the future of conversations around money and emotional intelligence. Join us on this journey towards financial literacy and arm yourself with the knowledge required for prudent financial decisions that yield long-term value. Are you prepared to elevate your financial IQ? Let's begin.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Major stories developing on the global economic front, including:China’s Cash InjectionNew Zealand Battles InflationEconomic Challenges for Germany Italy’s Economic Strategy JPMorgan's Return to Green FinanceThe Future of Goldman Sachs The WFH Trend is OVERFinWeekly has the latest insights on major market news from this week’s headlines: In the dynamic landscape of global finance, China's economic revitalization is marked by the People's Bank of China injecting 289 billion yuan to fuel growth, while New Zealand faces potential inflation moderation that may impact interest rates. Germany grapples with the prospect of a double-dip recession, emphasizing broader global economic challenges. Meanwhile, Italy adopts a multifaceted economic strategy to stimulate activity, albeit with concerns about debt interest costs. In the United States, JPMorgan Chase re-enters the green bond market, reflecting the evolving landscape of sustainable finance. These developments collectively underscore the complex and interconnected nature of the global economic stage, with each region facing its unique set of challenges and opportunities, leaving individuals and businesses to navigate and adapt in this ever-changing financial environment. Read our expert insights now! Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

In this episode of the Boosting Your Financial IQ podcast, host Steve Coughran engages in an insightful conversation with Matt Remuzzi, Founder of CapForge, on the topic of "Achieving Financial Success in a Decade." Together, they debunk limiting beliefs surrounding entrepreneurship and discuss how anyone, regardless of their starting point or background, can attain life-changing financial freedom in less time than expected. They explore the misconceptions that hold people back from becoming business owners, such as the belief that substantial capital, connections, or a fancy education are prerequisites. Additionally, they emphasize the ease and significance of being a "numbers person" in achieving overall success. Discover the hidden benefit of business ownership that exponentially increases the value of your time compared to being an employee. Tune in to gain valuable insights and empower yourself for financial success.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

The latest trends in the economy and the world of finance:Treasury yields surge (What it means for YOU)Recession insights IMF global growth forecast ECB calls out Euro-governments Country Garden in trouble (again).Metro Bank FinWeekly has all the details on trending market and financial news this week: In the world of finance, US Treasury yields have recently shot up, reaching levels not seen since the 2007 global financial crisis. While this may raise concerns, economists at Goldman Sachs believe it's not necessarily a sign of an imminent recession. Lorie Logan, President of the Federal Reserve Bank of Dallas, even suggests that the increase in long-term Treasury yields could potentially help slow down further interest rate hikes. Meanwhile, the International Monetary Fund (IMF) has adjusted its global economic growth forecasts downward, with the exception of the United States, which is expected to remain stable. On a different note, Euro-area governments are not aligning their fiscal policies with the European Central Bank's efforts to control inflation, raising concerns. Furthermore, Caius Capital and other creditors have made a significant move to strengthen Metro Bank's financial position through a bond sale, while China's Country Garden faces financial instability due to missed interest payments. These developments provide a complex snapshot of the global economic landscape.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

In the latest episode of the Boosting Your Financial IQ podcast, hosted by Steve Coughran, listeners are taken on a journey to understand the transformative power of paying yourself first. With his extensive experience as a business owner, management consultant, and CFO, Coughran shares valuable insights on how individuals can invest in their financial future. He emphasizes the importance of increasing earnings, reducing costs, and creating margin to set aside for savings accounts, retirement funds, or individual brokerage accounts. Furthermore, Coughran delves into how businesses can adopt a profit-first mentality to achieve the desired level of profitability. Through clear explanations, relatable examples, and actionable advice, Coughran empowers his audience to take control of their financial well-being and build a solid foundation for long-term success.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

The latest trends in the economy and the world of finance:Shutdown crisis averted… For now. McCarthy is no longer Speaker of the HouseThe Fed’s focus on laborHow far off is a 3 day work week? Office property is ‘Up In The Air’Dumb MoneyThis week on FinWeekly, we tackle trends on key financial events that are shaping our current landscape: In a week of significant developments, House Speaker McCarthy managed to temporarily avert a government shutdown, providing a semblance of stability to the US economy, which currently enjoys lower inflation, a robust job market, and strong consumer spending. However, lurking beneath this calm are potential disruptors, including a looming auto worker strike, the resumption of student loan repayments, and the threat of a government shutdown if the stop-gap spending deal expires without a new agreement. Meanwhile, a historic shake-up in the House of Representatives has left House Republicans without a clear successor to McCarthy, following a period of internal strife. Federal Reserve Chair Jerome Powell reiterated the importance of labor market strength and price stability. On a different note, JPMorgan Chase's CEO, Jamie Dimon, has expressed confidence in AI's transformative potential for future work, envisioning a shorter workweek. However, concerns abound in the commercial real estate and office market, with experts predicting a potential crash and a protracted recovery. These developments underscore the need for adaptability and proactive measures in navigating the multifaceted challenges facing the United States. Check out the full stories below. Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

In the informative and educational Boosting Your Financial IQ podcast, host Steve Coughran engages in a thought-provoking conversation with Jason Brown, Founder of the Brown Report. Together, they delve into the topic of "How to Begin Trading Stock Options" and emphasize the importance of investing in one's education, finding margin, and taking calculated risks. As Jason shares his expertise, listeners gain valuable insights on how to navigate the world of stock options and make informed investment decisions. This enlightening episode serves as a reminder that continuous learning and strategic decision-making are crucial elements in the journey towards financial success.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com