A Financial Advisor on Why Growth Stocks are Down and Why Still Own Them?

Retirement Savings Ideas for Small Business Owners

We bring EZTPA’s founder, Adam Hunt, in to talk retirement savings ideas for small business owners. We cover a couple of main points:

1. Consider a 401k

2. Consider a Cash Balance Plan

We bring Erik Sullivan and Jonah Pollone from MidStreet Mergers & Acquisitions in to talk about the process of selling a business. We cover several main points:

1. Who do you call when you’re ready to sell your business? Who is your who?

2. Exit strategy and Exit Plan.

3. What are the markets like?

4. Evaluations and Strategies.

5. Fee Structure.

6. Marketing and Listing your business.

Alex Mihajlov

The arch of his career has now landed his firm, Olde Raleigh Financial, to become a fee-based, Independent Advisory firm. Prior to that Mr. Mihajlov was a branch manager at A.G. Edwards, Wells Fargo and Raymond James. His career has been an evolution and, in turn, his perspective on service has evolved.  “My team and I have experienced the large brokerage houses and banks. While they have carved out their spot in the marketplace, I can say it is not for us. We have evolved and we tend to attract those who have evolved away from cookie cutter to a world of customization. They want collaboration. They wanted to be listened too. They want a relationship and we want them to be excited about our relationship.”

We had a fun, meandering conversation with Matt Klein from The Overshoot. Love this guy. Smart as heck.

There is a lot of talk about China’s huge consumer potential and yes 1.6 billion gets the attention of S&P 500 companies. The challenge is very little of China’s GDP is controlled by the consumer because most is controlled by the state. In addition, China’s population is old - check out this podcast we did on China’s ageing population.  So what does huge ageing population with little extra money to spend have to say about the global demand trends and Chinese role in the world?  Throw in a $500 Billion gap in U.S. current accounts and a couple of stories about Mao acting crazy and boom – we got another episode of the Soundtrack to a Financial Advisor’s Life.

· Trade Wars are Class War’s

· Interest Rates Relation to Asset Prices and What it means to Household Income

· China’s Household Savings Rate is 30%. U.S. Household Savings Rate is 7%. Why?

· China’s Household Don’t Have A Safety Net and Have to Save not Spend

· The Consumer in China Has Very Little of China’s GDP and that Isn’t Changing Anytime Soon

· Interest Rates Relation to Asset Prices and What it means to Household Income

· What $500 Billion Gap in the U.S. Current Account Deficit Has to do with Companies Spending More on CapEx

· The Digital Yuan

· COVID Killed Consumer Spending in China? Not really. The Consumer never was spending in the first place.

· China is Getting Richer, but it is Still Really Poor

· Supply Chains – Good News, Rental Car Companies Have Rebuilt Their Fleets

· Mao killed a bunch of sparrows in China and 60 million people starved

· Mao told farmers in China to plant seeds a particular way and 60 million people starved

As Chief Market Strategist, Bill O’Grady performs market, economic and geopolitical

research for the firm, and is a member of the investment committees for the Asset Allocation

strategies and International Equity strategies. Bill also co-manages Confluence’s Global

Hard Assets portfolio, which focuses on tangible commodities investments. Additionally, Bill

writes numerous reports for the firm, which can be found under Research & News, in

which he provides insights on various economic and geopolitical topics and discusses

market effects. In all, Bill has more than 30 years of experience following the energy, foreign

exchange and futures markets and is frequently quoted by such national media outlets

as The Wall Street Journal and Bloomberg News. Bill earned a master’s degree in

economics from St. Louis University and has undergraduate degrees in history and public

administration from Avila College.

Self-described tax policy geek and tax attorney Sandy Clark fills us in on what’s going on with tax laws and how it might affect high net worth clients

A top notch RDU-based tax attorney reviews the Trump-era tax changes, the Biden administration tax proposals and what Congress might actually pass. In addition we covered when Trusts are appropriate, the end of the “stretch IRA” and her favorite places to go for business lunch.

Topics

• Tax Policy Update and Outlook
• Review of 2017 Tax Reforms
• When is a Trust appropriate? When is it not needed …..
• What’s probate specifically in NC and what is a typical scenario where it comes into play
• Over your career, what have you personally gotten better at and what has your firm gotten better at during your tenure?
• What makes Manning Fulton Skinner stand out?
• What is Sandy reading, streaming or are you listening to a particular podcast?
• Cheap date tip: ACC Wrestling at Reynolds Coliseum
• Favorite Biz Lunch?
• Prince’s Estate Debacle

Andy is a member of the portfolio management team at Nasdaq Dorsey Wright and is responsible for sales and service of investment strategies across Dorsey Wright’s funds, ETFs and SMA accounts. Since joining Dorsey Wright in 2004, he has authored original research on the subject of technical analysis and speaks and writes regularly on the topic of momentum investing. He is a Certified Financial Planner, Certified Investment Management Analyst, and a Chartered Market Technician. He holds a B.S. from Utah State University with a dual degree in Finance and Economics.

Andy is a member of the portfolio management team at Nasdaq Dorsey Wright and is

responsible for sales and service of investment strategies across Dorsey Wright’s funds,

ETFs and SMA accounts. Since joining Dorsey Wright in 2004, he has authored original

research on the subject of technical analysis and speaks and writes regularly on the

topic of momentum investing. He is a Certified Financial Planner, Certified Investment

Management Analyst, and a Chartered Market Technician. He holds a B.S. from Utah

State University with a dual degree in Finance and Economics.

Our ongoing series of podcasts regarding the energy sector has led us to batteries. If the U.S. fleet of cars and trucks goes “green” over the next couple of decades, batteries will likely be one of the main power sources. So, we thought it prudent to talk to someone who lives, eats and breathes this stuff.

Beyond being a nice young man, Mitch works the Jeff Dahn Research Group where he and his colleagues work with researchers from all over to push the boundaries of battery tech. This was a fascinating conversation that centered largely on understanding what it takes to put in a battery and what happens after the battery is spent. We focused quite a bit of time on car batteries but according to our guy Mitch storage of energy in batteries is big and will grow exponentially as things progress.

Donor-Advised Funds (DAF’s) help you fund your charities and manage taxes. You want to do good in the world. Tax management is a central part of your financial plan and Donor Advised Funds are some basic blocking and tackling in wealth the management process and the doing good.

To be honest, on the surface, DAF’s are kinda (sic) boring. Harrison Miller, CAP®   Vice President, Charitable Planning Consultant at Fidelity Charitable is awesome and made it fun. Harrison is such a nice guy and put up with my meandering conversation. We started with his favorite coffee joint in his hometown of Atlanta and eventually got to his favorite charitable organizations. What are your favorite charities in Raleigh, Cary, Durham, and Chapel Hill?

If you have never heard of Donor Advised Funds or need a refresher, please listen in. If you don’t use them, you are being underserved in your wealth advice. Let’s talk. 919.861.8212.

Mike Morey

Mike joined Integrity Viking Funds in 2009. He had been a research analyst for Viking Fund Management, LLC prior to being named Co-Portfolio Manager for various funds managed by Viking Fund Management, LLC.  Mike received a Bachelor of Science degree in Finance from Minot State University. In addition to Co-Portfolio Manager of various funds, Mr. Morey is Chief Investment Officer for Viking Fund Management, LLC.

A conversation with Cary, North Carolina based mortgage broker Sherry Riano

In a world flush with cash, 30-year fixed mortgages below 3% are the norm and home prices are elevated. It is certainly a sellers’ market in Raleigh, Cary, Durham and Chapel Hill but the challenge is finding a place to move to. Housing inventory is tight while labor and materials are in short supply. The likes of Apple and Bandwidth.com are setting up research centers stocked with well paid workers who will all need places to live. With all that going on at once we decided to talk to a mortgage broker and get their perspective on the real estate market.

With over 20 years of experience in the mortgage industry, Sherry Riano exudes a deep passion for helping families in the Triangle financially obtain their dream home. The energy of this interview was great. Sherry has seen the ups and downs of the business cycles over the years and is no doubt a leader in her industry.  If you are thinking about buying a home please listen. Lots of insights into the RDU real estate market.  Here are some of the topics we discussed.

• Mortgage industry landscape
• Local market update – what are you seeing, hearing, etc
• Any thoughts on the Fed’s eventual tightening?
• What are you most optimistic about and what do you see as challenges for our market?
• What advice do you give first time homeowners?
• Differences and impacts of a 15yr vs a 30yr mortgage? In your view, what role does a home play in someone’s personal balance sheet? VA Loans and the pleasure of serving our military families.

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-10-with-sherry-riano/

Olde Raleigh Financial Group

3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.

Is the U.S. giving up some economic advantage, some leadership and stability by jettisoning carbon from the energy mix?

Most of us who live in Raleigh, NC take our energy for granted. We go about our day effortlessly, clicking on light switches, cell phones and TV’s rarely contemplating the complexities that fuel all of it. Only recently we were reminded that the wonder that is reliable energy can be scuttled by the world outside Raleigh when the Colonial Pipeline Ransomware Attack caused panic buying shortages up and down the east coast. Steady supplies of energy help companies forecast, innovate and create shareholder value. So, by extension, steady energy must be in place to fuel your retirement lifestyle and financial plans.

Olde Raleigh Financial is exploring the realities of changing the U.S. energy mix and this interview with Rupert Darwall is number two in a series on this really important topic - check out this interview with Bill O’Grady from Confluence Investments. Regardless of where one stands on their beliefs on global warming, it would seem the trend towards decarbonizing the U.S. economy and culture is gaining tracking both in corporate boardrooms and politically. Mr. Darwall is a London-based business strategy consultant and policy analyst who takes a more critical view of global warming and the costs of decarbonization.

• British Experience w/Green Economy. Acceleration of British Industrialization decline?
• The German Greens and what they say about Europe Energy Outlook
• The Effects Renewables of Economics of the Grid.
• What will be the costs and effects of decarbonizations on a global scale?
• Is decarbonization a U.S./Western Europe issue and not really an issue for the rest of the world?
• Are we giving up our cheap energy advantage to China and the developing world by decarbonizing?
• Are batteries and their supply chain actually a net environmental threat and may more importantly be more disruptive to global wealth distribution and pollution than oil? What’s going on with Rare Earths?

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-9-with-rupert-darwall/

Olde Raleigh Financial Group 

3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.

The drive to decarbonize complicates corporate calculations on investment

The decarbonization trend will be litigated and played out next few decades. For now, decarbonization is not a sure bet. Expensive technical issues are abound including matching the energy density of oil. However, humans have a tendency figure out hard, technical things. The global politics of this type of shift is a whole other set of pitfalls and possibilities. Regardless of how it all turns out, this trend will impact your future in Raleigh, NC. The energy markets have their own set of goals, aspirations and driving forces that can impact your investments. Olde Raleigh Financial Group loves to keep eye on that horizon with conversations around geopolitical trends and how those trends might affect investment decisions. Please enjoy this interview with Confluence Investments analyst Bill O’Grady. Topics include: The future of energy, a carbon price, electric vehicles, ransomware and the chances The St. Louis Cardinals have of winning the pennant. Enjoy and keep trucking! Trev

• What is a carbon price and why do energy companies want one
• Update on the Nord Stream 2 Pipeline and why this is about the long-standing tension between Germany and Russia. The Biden administration has changed the U.S. Policy around it and we explore the implications
• On the margins: the price of Russian Oil vs U.S. Oil vs Middle East Oil and the dilemma of stranded investments in oil production
• The state of state-run oil companies and what does the depreciation of their currency play in the future of energy
• Colonial Pipeline Ransomware Attack, Uninsurable Risks and why it might hinder Bitcoin’s and Ransomware’s future
• Electric Vehicles, Fuel Cells, Nuclear Energy and the history of technical fixes to big problems
• Baseball

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-8-with-bill-ogrady/

Olde Raleigh Financial Group
3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.

Addressing the Issue of Aging Parents – the most important and emotional relationship shift that you can have in your life.

Alex Mihajlov and Trevor Chambers from Olde Raleigh Financial Group, in Raleigh, North Carolina, discuss the difficult topic of the role reversal of children becoming the parents. Topics include:

• Checklist of five daily activities – breathing, dressing, toileting, transferring, eating.
• Power of Attorney
• Long Term Care
• Do you know parents’ financial advisor? Do you have a relationship with them?
• Never too early to start the conversation.

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-7-with-alex-and-trevor-discussing-aging-parents/

Olde Raleigh Financial Group
3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.

Are you planning on retiring in Raleigh, NC anytime in the next 30 years? If so, there is a complicated world out there beyond Raleigh, with its own set of goals, aspirations and driving forces that can impact your investments. Olde Raleigh Financial Group loves to keep eye on that horizon with conversations around geopolitical trends and how those trends might affect investment decisions. Please take a listen to this interview with Confluence Investments analyst Patrick Fearon-Hernandez who uses his CIA background to view the world. Topics include:

• Wolf Diplomacy? China’s more muscular role in global diplomatic organizations and policies making.
• What are China’s military capabilities with particular attention to their Navy. Did you know they have the largest Navy by number of boats in the world. The questions is are they the right boats to move from a regional power to a global power that rivals the U.S. and what’s the timeline of such expansion?
• Analysis of Chinese national interest and goals compared with US Interest and Goals
• Japan: A new president in Suga and an old, often fraught relationship with China. What next for one of the U.S.’s staunches ally as the try to help check China’s power surge?
• Taiwan’s semiconductor Industry is the global leader in microchip production and China wants it.
• Will global supply chains shorten?
• Impacts of The Aging populations on economic growth and inflation in both developed and developing worlds. Investors must pay attention to changing population demographics!

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-6-with-confluence-investments-analyst-patrick-fearon-hernandez/

Olde Raleigh Financial Group
3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network, LLC and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation. Advisory Services Network, LLC and Confluence Investments are unaffiliated.

The relationship between the U.S. and China will impact the world’s supply chains for decades to come and therefore investors need to be aware of the dynamics. This interview with Phillip Orchard from Geopolitical Futures - a Geopolitical forecasting firm - features discussion about Taiwan’s microchip industry, the rare earth supply chain, Chinese military threats against Taiwan and its relationship with India

• Taiwan’s is the dominant producer of broad use microchips in the world. What challenges does this create for the U.S. supply chain? Turns out the process of making microchips takes a lot of water and Taiwan is under drought conditions?
• Taiwan was once under the control of Chinese leaders and all indicators are they want it back. What are the realistic chances of China taking over Taiwan via a military action?
• Rare earths elements are crucial ingredients in computers, cell phones and the F35 fighter. China is the world leader in supply and over that past 10yrs has weaponized them in the global supply chain. Does this mean the U.S. and others are reshoring rare earth production?
• China has the largest Naval fleet in the world but what kind of military actions is it capable of? Historically, China is land power so many questions remain as to their largely untested Naval capabilities.
• What is the historic relationship between China and India?

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-5-with-phillip-orchard-from-geopolitical-futures/

Olde Raleigh Financial Group
3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.

A discussion with Professor Ted Zoller regarding the future of higher education and the costs associated with it in a post-COVID world

• Higher education is going through its entrepreneurial phase that is creating new business models
• Residential universities will have segmentation - pure residential, residential hybrid and pure distance.
• Education unbundled from degrees to create T shaped learners - which are people who learn something deeply but also have a wider perspective on things that they can do
• Bifurcation between teaching, resources and research resources – a curriculum of general education and hyperspecialized importantly actionable education that employers want.
• Private, big name colleges will remain expensive but overall education costs will come down due to competition and new education business models.
• The half-life of education is getting shorter – your children will have to save for educational products out of their income to upgrade their career

Higher Education and skills will become MORE valuable in our society. College savings programs like 529 accounts can be a key way to save for ongoing educational needs of children and grandchildren

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-4-with-professor-ted-zoller/

Olde Raleigh Financial Group
3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.

The History, Present and Future of China’s “One Child” Policy and What the Impacts Could be on Your Financial Planning

This interview covers:

• What was the genesis of the One Child Rule?
• The impacts of “ultrasound technology” on Chinese population
• Chinese Woman and their Changing Attitudes on Family Formation
• One Child impact on the workforce, retirement ages and opportunities for younger workers within China’s corporate culture
• The Chinese Travel Industry is Booming – why?
• China’s Corporate Transparency and Need for Western Capital
• Blue water Navy’s and should we fear China

Read Full Interview Transcript at: https://olderaleighfinancial.com/meet-the-masters-yong-cai-ph-d-associate-professor-sociology-discusses-chinas-one-child-policy-and-financial-planning/

Olde Raleigh Financial Group
3110 Edwards Mill Road Suite 340
Raleigh, NC 27612
Phone: 919.861.8212

This material is provided as a courtesy and for educational purposes only from Olde Raleigh Financial Group, A member of Advisory Services Network and should not be construed as investment advice. All information contained in this video is derived from sources deemed to be reliable but cannot be guaranteed. All economic and performance data is historical and not indicative of future results. All views/opinions expressed in this video are solely those of the presenter and do not reflect the views/opinions held by Advisory Services Network, LLC. Advisory Services Network, LLC does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state laws are complex and constantly changing. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.