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INVESTOR IN THE FAMILY Radio

The average DIY investor has annual returns of 2.9%. Don't be that guy. Learn to invest with Investor in the Family through our community, training, and education. This podcast exists to help you learn to invest. Whether you've been in the market for years or are just beginning to dip your toes in the water. Our show features interviews with seasoned, professional veterans with the goal of providing an enjoyable and tangible learning opportunity for all of our listeners. Seeking Alpha Certified
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Now displaying: 2016

Welcome to Investor in the Family Radio! Below you'll find our entire catalog of podcasts, beginning with the most recent at the top.

I hope you'll enjoy this investing journey as much as I have.

Best,

Brian

Oct 11, 2016

I sit down with John Miley, Associate Editor with The Kiplinger Letter with a special focus on tech.

This is the first of three interviews with John. Each interview lasts around 20 minutes and focus on 5G Technology, Augmented and Virtual Reality, and Drones and Robots respectively.

For each podcast, John shares details about where each technology stands, where it appears to be heading, what companies will be most impacted, and what it will mean for the economy and consumers.

A quick overview of our first interview:

  • A history of the progression from 2G to 5G
  • What 5G is expected to "look like" (ex: speeds, latency, reliability, connectivity)
  • What infrastructure will be required and how long the roll out may take
  • FCC Chaiman calls 5G a "revolution" in communication
  • How much AT&T, Verizon, T-Mobile, and Sprint have been investing in 5G development
  • What the biggest fears are for AT&T, Verizon, T-Mobile, and Sprint regarding 5G
  • Which underlying wireless tech companies are likely to benefit most from 5G
  • What 5G will mean for smartphones
  • And plenty more!

Companies mentioned: AT&T (T), Verizon (VZ), T-Mobile (TMUS), Sprint (S), Ericsson (ERIC), Huawei, Samsung, Cisco (CSCO), Qualcomm (QCOM), Juniper (JNPR), Intel (INTC), Apple (AAPL), Google (GOOG), Facebook (FB)

I hope you enjoy this first of three interviews with John Miley from The Kiplinger Letter.

Oct 11, 2016

I hope you enjoy my overview of Randall Forsyth’s Up & Down Wall Street column from this week’s Barron’s magazine.

 

In it, I discuss what some are calling “peak liquidity” and a turning point in Central Bank crisis policies.

 

Overview

 

  • Taper tantrum 2.0 - the subtle suggestions from central bankers that, after 8 years, they may begin to move away from crisis policies
    • Ultralow interest rates
    • Massive securities purchases with the click of button
    • Medieval alchemists would have been jealous
  • Policies have been less than impressive, some academics say it’s because they haven’t been administered in strong enough doses
  • Former Treasury Sec Lawrence Summers recently endorsed the Fed purchasing corporate debt and equity securities
    • Yellen has said this would not be out of the question in future crises
  • Backlash against these policies has been brewing from outside the academic and mainstream economist fold
    • Ex: British Prime Minister Theresa May
    • Ex: Donald Trump
    • Central Bank leaders no longer seem like super heros
  • CBs seem to be considering a fundamental shift in policies
    • BOJ will begin targeting yield curve of Japanese gov bond mkt, aiming for 0% on the benchmark 10-year JGB. This is a shift from targeting a quantity of bond purchases to targeting a price. In theory, this could mean a reduction in purchases assuming targets are met.
    • ECB is considering a gradual reduction in securities purchases
  • Jeffrey Gundlach commented on the growing belief that interest rates will “never” rise by saying that when it’s said that something can “never” happen, it’s about to happen, he argued. He went on to say that zero or neg interest rates are doing more harm than good, the decline of Deutsche Bank (DB) is an example. You can’t help the economy by bankrupting the banks.
    • For these reasons and more, he believes the low in bond yields have already been seen (10-year treasury fells to 1.36% post-Brexit).
  • Major trend changes appear to be at hand.

http://investorinthefamily.com/

Oct 6, 2016

Bret Jensen is one of my favorite resources when it comes to biotech investing.

We sat down a few days ago to discuss some of his favorite small cap biotech companies that have near term (mostly 4Q) catalysts.

A quick preview:

  • What Bret considers to be an attractive risk/reward scenario in biotech
  • Why upcoming catalyts are the name of the game regarding small cap biotech
  • The 5 companies Bret sees positive catalysts for in the 4th quarter
  • How Bret would work companies like this into a portfolio (ex: position-sizing, etc)

Companies mentioned: Pfizer (PFE), AstraZeneca (AZN), Allergan (AGN), Egalet (EGLT), Synergy (SGYP), Portola (PTLA), Dynavax (DVAX), Cempra (CEMP)

I hope you enjoy the interview.

Oct 6, 2016

Dirk Leach has been a consistent, avid, and successful investor for more than 30 years. His style is conservative and he primarily focuses on income oriented equities, bonds, preferred stocks and mutual funds.

In this interview, we have a follow-up conversation to an article Dirk wrote recently by the same title.

I appreciated his article and was glad for the chance to discuss it more and share that with you here.

A quick preview:

  • 50% of people 18-29 have retirement savings of $0.
  • 23% of people 45-59 have retirement savings of $0.
  • Retirement will look very different in the future as most people will be self-funded.
  • Social security alone is not enough.
  • Simple steps investors can make today.
  • Some key funds that can be strong, long-term investments.
  • Low-risk, high-return investment that can secure your retirement.

Companies and funds mentioned: S&P 500 (SPY), Vanguard Dividend Growth Fund Inv (NYSE: VDIGX), Vanguard Health Care Fund Inv (NYSE: VGHCX), Vanguard Energy Fund Inv (NYSE: VGENX), Vanguard Windsor II Fund Inv (NYSE: VWNFX), Vanguard Global Equity Fund Inv (NYSE: VHGEX)

I hope you enjoy the interview.

Oct 4, 2016

Adam Aloisi joins me to discuss Closed End Funds (CEFs). What are they, how do they work and what opportunity (or threat) do they presently offer?

A quick preview:

  • Is there value left in CEFs right now?
  • The complexity and challenge of CEFs
  • Why a CEF yield may not be what it seems
  • How leverage and options are used by CEFs and why it's important for investors to understand
  • How to find undervalued CEFs

I hope you enjoy the interview.

Oct 4, 2016

Adam Aloisi and I sit down to discuss dividend stocks. Specifically, we talk about how risky dividends are at today's valuations.

A brief overview:

  • Critics say there is a bubble in dividends stocks
  • How ZIRP has changed the game regarding valuation
  • What is the blueprint for decision making?
  • The disparity between prices and earnings
  • What it looks like to be a contrarian in this environment
  • Some recent picks

I hope you enjoy the interview.

Oct 4, 2016

Overview

  • Deutsche Bank equity and debt securities plunged on after reports that “hedge funds had withdrawn money held as collateral at the bank for their derivatives transactions and other positions.”
  • This sounded very Lehman like to investors
  • Deutsche’s Chief, John Cryan has said that DB has strong fundamentals and the reports of hedge funds had aroused unjustified concerns.
  • WSJ reported that some hedge funds who had pulled money also handsomely profited from by shorting DB.
  • DB was not and is not going to fail. The DOJ $14B penalty isn’t realistic either
  • The big worry is DB’s $60T derivatives book (the gross exposure of the bank’s contracts)
  • “DB’s net exposures are sufficiently large to blow up the financial system.”
  • All this could impact U.S. homeowners via interest rates
  • “Dollar Funding Stress is Back”
  • If rising LIBOR impacts housing, could put more stress on Fed to not raise rates
  • Bloomberg says 59% chance of raise in Dec, but odds are against chances of rate increase in 2017

http://investorinthefamily.com/

Sep 28, 2016

Overview

  • Debate
    • Lots of focus on Trump/Clinton debate
    • Will comments be made that will impact market? (Ex: Clinton and EpiPen)
    • Both candidates likely will put pressure on drug pricing
    • Candidate diverge on healthcare, energy, and taxes
    • Race is essentially tied and first debate will not likely have a major impact
    • Both opposed to TPP
  • Central Banks
    • Overshadowed by election
    • Fed has strongly implied december rate hike
      • Three dissenting members last week
    • Fed lowered target rate projections (as per usual)
    • BOJ left rates unchanged and will target rates at 0% as opposed to negative
    • This all boosted stocks last week, but didn’t really last

http://investorinthefamily.com/

Sep 26, 2016

Doug Eberhardt is the some of a commodities trader and has been working with gold and silver for years. Doug was kind enough to sit down with me and let me pick his brain for a few minutes.

A few highlights:

  • Why he used to bad mouth gold.
  • How we can trace the purchasing power of gold back for 1000s of years.
  • The two failed attempts by the U.S. to print money.
  • Why the financial media doesn't want you to buy gold and silver.
  • What it means to be an intelligent gold bug.
  • Why hyperinflation is not around the corner.
  • Why the dollar is not collapsing.
  • Why Doug is currently dollar bullish.
  • His expectations for a coming deflationary contraction.
  • What to expect from the metals following this contraction.

http://investorinthefamily.com/

Sep 21, 2016

Bret Jensen is back on the show to talk about his overall views on the market and what's getting him excited in the area of insider buying.

A quick overview:

  • What are the chances of a rate hike this week?
  • When should we expect the next rate hike?
  • What's holding the Fed back (hint: ECB and BOJ).
  • What the Fed should have done years ago.
  • What Bret sees as the two most undervalued segments of the market right now.
  • Why he likes housing as an investment.
  • Two housing companies with notable insider buying he sees potential in.
  • Two biotech companies with lots of insider buying and one looking for acquisition opportunities.
  • Tips on how investors can make the most out of insider activity.

I hope you enjoy the interview.

http://investorinthefamily.com/

Sep 20, 2016

Ralph (Shock Exchange) and I sit down to discuss some of his recent work on Valeant Phramaceuticals.

If you're like me, you've heard a lot about Valeant, but may not have a strong understanding of what's going on at the company.

After this interview, you should have a much clearer picture.

A few highlights:

  • What was Valeant's business model and how did it get them into trouble?
  • What's behind the great Valeant implosion over the past year?
  • Who is Philidor and how have they hurt Valeant?
  • Who all is suing Valeant and why?
  • What's up with the Bill Ackman insider trading accusations?
  • What is their present financial outlook (Hint: Yikes)?
  • Is there any good news?
  • The current bull case.
  • What is the company worth, and why?

http://investorinthefamily.com/

Sep 20, 2016

Barrons - Randall Forsyth

  • Undercurrents are driving sudden market movements, but not the ones everyone is blathering about.
  • Fed comments don’t fit the bill for the blame:
    • Short-term treasury yields typically are most sensitive to Fed talk, but they have shown little reaction
    • Fed Gov Lael Brainard reinforced her dovishiness, the opposite of what was expected
  • So, what is behind the fits in the stock market?
    • Unanticipated bounce in yields (little to do with Fed)
    • This is likely linked to expectations related to BOJ meeting this week
    • Another factor is the dramatic tightening of the U.S. presidential polls

http://investorinthefamily.com/

 

Sep 19, 2016

Robert from Double Dividend Stocks and I sit down to learn more about his approach to trading options.

A few highlights:

  • Why October 8, 2008 still haunts him.
  • Started Double Dividend Stocks on March 6, 2009 (Nice timing :)
  • What is the core concept behind Double Dividned Stocks?
  • Is it possible to manufacture a double dividend where it does not already exist?
  • Did you know Warren Buffett is a big options seller?
  • How (and when) to use cash secured puts.
  • How (and when) to use covered calls.
  • What space between strike and price to aim for.
  • When to sell LEAPS.
  • Is it best to buy or sell options?
  • Using options as portfolio insurance.

http://investorinthefamily.com/

Sep 14, 2016

Bret Jensen is back on the show to give us all an update on what is important and newsworthy in the biotech space right now.

Some highlights:

  • The interesting ride in biotech in recent months.
  • What the sector needs in order to move forward.
  • Update on latest biotech and pharma witch hunts.
  • What to expect from the sector after the election.
  • Updates on overall merger and acquisition activity and what to look for.
  • Why Pfizer and Allergan could make some big moves.
  • Why Gilead is under big pressure and what they may do about it.
  • What his two prime targets are for being bought out.
  • Thoughts on what will likely happen regarding a rate hike.
  • The big mistake that so many biotech investors make.

Companies mentioned: Allergan, Sanofi, Acadia, Biogen, Merck, Portola, Mylan

I hope you enjoy the interview.

http://investorinthefamily.com/

 

Sep 12, 2016

Lawrence Fuller has been investing professionally since the early 1990's and has plenty of battle scars from the Tech Bubble. Those scars set him up to whether the Great Recession a bit better and both of these events have him growing increasingly cautious today.

In this interview, we discuss his recent article "Sell Everything!" where he cites the current caution of Jeffrey Gundlach, Bill Gross, Stanley Druckenmiller, Jeremy Grantham, George Soros, and Carl Icahn, to name a few.

A few highlights:

  • Details about his "Tactical Approach" to managing his portfolio.
  • What he has in common with Jeffrey Gundlach.
  • Details about what he likes to call the "Monetary policy of lunacy."
  • The dangers of getting lazy in a market that only goes up.
  • Why it matters that everyone is looking bottom up and not top down in reference to stocks.
  • What it was like to wake up with heart palpitations every Sunday night during the last financial crisis.
  • How no one really knows how markets work today and why should scare us.
  • The danger of assuming "algos" will step in to prevent market crashes.
  • What he would do today if he knew a fiscal black swan event would happen in one year.
  • What he thinks may trigger such an event.
  • Are government bonds the biggest financial bubble in history?

I hope you enjoy the interview.

 http://investorinthefamily.com/

Sep 8, 2016

Brad Kenagy recently wrote an article titled, "Tesla Just Said What!" where he highlighted the following statement in a recent Tesla press release:

"While the P100D Ludicrous is obviously an expensive vehicle, we want to emphasize that every sale helps pay for the smaller and much more affordable Tesla Model 3 that is in development. Without customers willing to buy the expensive Model S and X, we would be unable to fund the smaller, more affordable Model 3 development."

I wanted to follow-up with Brad to learn more about his thesis.

A few hightlights:

  • Will Tesla need to raise more capital via secondary offerings leading to further stock dilution?
  • Does Tesla's current junk bond rating pose significant problems for raising capital?
  • Will Tesla ultimately be able to fund the Model 3?
  • Is the attempted acquisition of SolarCity an act of desperation?
  • Where do both companies presently stand regarding cash flow and profitability?

I hope you enjoy the interview.

http://investorinthefamily.com/

Sep 8, 2016

Mark Hibben joins me to break down yesterday's Apple Event.

A few iPhone 7 highlights:

  • Were there any surprises?
  • How to expect critics to respond.
  • Why Apple has its work cut out for themselves.
  • Why the new Jet Black finish is amazing and disappointing.
  • Are there any noteworthy appearance updates?
  • Headphone upgrades largely as expected, will anyone care?
  • Major improvements to the display, camera, and processor.
  • Early predictions for iPhone 8.

A few Apple Watch highlights:

  • Is Watch the new Apple darling?
  • Faster processor, but no LTE connectivity.
  • What does the new ceramic casing tell us about future products?
  • Will GPS and waterproofing improve adoption?

I hope you enjoy the interview.

http://investorinthefamily.com/

Sep 5, 2016

Jesse Moore is back on the show to share his personal approach to investing.

We talk about how he started about using probability weighted methods for investing in oil wells and went on to highly leveraged tech investing before landing on value investing as his preferred guiding philosophy.

We have a great conversation about weighing the risks of a future market crash and what to do with our portfolios in the meantime.

A few highlights:

  • Why he pulled all his money from the markets and started reading Graham and Buffett.
  • What it means to invest in a story instead of just a stock.
  • We discuss the current opportunity that copper is offering investors.
  • Why he thinks many commodities are poised to face a supply struggle in coming years.
  • How he handles the struggle of finding value in today's markets.
  • Should investors just wait for a stock crash instead of risking capital in overvalued markets?
  • Why he has most of money in cash (except for a high risk copper miner).
  • What his overall investing philosophy is and how it is currently shaping his portfolio.

I hope you enjoy the interview.

http://investorinthefamily.com/

http://onlineinvestingconference.com/

 

 

Sep 2, 2016

Mark Bern is an established Seeking Alpha contributor who wrote a series of articles titled "Earnings Heading in the Wrong Direction."

I've had Mark on the show before and wanted to catch up with to learn more about his thesis.

Essentially, Mark has been looking beyond what companies are reporting to find actual GAAP numbers, then comparing them year-over-year to see what the real trends are.

A few highlights:

  • Are the reports that 60-70% of companies are beating earnings really a well crafted lie?
  • Why most companies no longer report GAAP earnings.
  • How companies earnings compare today compare with a year ago.
  • How much the difference between GAAP and non-GAAP earnings has grown in recent years.
  • How 2015 GAAP numbers compare with 2011 (Hint:Not well).
  • What's driving today's high market valuations.
  • How Mark defines what a quality company is and why it matters in a correction.
  • How he hedges in today's market environment.
  • How 2016 earnings are shaping up compared to 2011.
  • Where he sees strength in today's market.

Companies mentioned: Alcoa (AA), Trinity Industries (TRN), Apple (AAPL), BP (BP), Amgen (AMGN), Boeing (BA), Comcast (CMCSA), and AbbVie (ABBV)

I hope you enjoy the interview.

http://investorinthefamily.com/

http://onlineinvestingconference.com/

 

Sep 1, 2016

Mark Hibben is one of my favorite tech experts when it comes to investing. Especially when it comes to Apple.

In this interview we dive in to the upcoming September 7th Apple event and what we should expect out of the new iPhone 7.

We also spend a few minutes addressing the EU tax decision and whether it really makes any difference to Apple.

A few highlights:

  • Is Apple the bad guy when it comes to the tax decision?
  • Is there any chance Apple will actually ever pay anything as a result of the decision?
  • What changes should we expect in regard to the iPhone 7 case and antennas?
  • What kind of screen upgrade will we most likely see?
  • What big changes are planned regarding the headphone jack and why should anyone care?
  • Thoughts on a late breaking rumor related to the mechanical buttons on the phone?
  • What Apple patents tell us to expect about future iPhone finger print technology.
  • Why a faster processor really matters.
  • How Apple has responded to recent zero day exploits regarding the iPhone.
  • How the iPhone camera will likely be upgraded on the Plus model phone.
  • Should we expect any big surprises?
  • Could Apple have an augmented reality accessory ready to reveal?

Companies mentioned: Qualcomm, LG, Samsung, Facebook

Find more work from Mark on Seeking Alpha.

I hope you enjoy the interview.

http://investorinthefamily.com/

http://onlineinvestingconference.com/

 

Aug 29, 2016

Ian Bezek joins us for the follow-up to his previous interview (An Editor's Pick on Seeking Alpha).

A few highlights:

  • The book that best represents his portfolio strategy.
  • Why 70% price declines in your holdings don't have to be a bad thing.
  • Which company makes up more than 10% of Ian's portfolio and why.
  • Why he doesn't like Gilead and Apple as investments.
  • How Ian uses stock screeners and what specifically he looks for.
  • What specifically he looks for when reading Annual Reports.
  • Why he reads the "Risk Factors" sections first on the 10-K.
  • What tool he uses to study company income statements.
  • What three filters every investment must pass through before he's willing to buy.
  • Parting advice for new (and old) investors.

I hope you enjoy the interview.

http://investorinthefamily.com/

http://onlineinvestingconference.com/

100 Baggers Book

 

Aug 25, 2016

How many investing related emails are in your inbox right now?

How many tabs on your browser do you have opened to an investing article that you really want to read?

I have a subscriptions to the WSJ and as a result have a rain forest worth of paper piled on my office floor. Add to that The Economist and Bloomberg/Businessweek. I subscribe to all these because in my opinion they are some of the best sources of news available. But what's the goal?

Pick something you want to become at as investor or pick a classic investing book that you want to read. Then, actually plan the reading into your schedule. Identify quadrant 3 activities in your day and over rule them with life-giving quadrant 2 activities.

I hope you enjoy the rest of the show.

http://onlineinvestingconference.com/

http://investorinthefamily.com/

Aug 22, 2016

Lynn (aka "Dividend House") has been investing for over 30 years, but more recently began taking a much more hands on approach. In this interview, she dives into all the details of what it means to her to be a Dividend Growth Investor aka "DGI".

  • How she built her investing approach
  • How she went from little investing experience to teacher of others
  • Why Seeking Alpha has such a rich and engaged DGI community
  • How she builds her portfolio like a house (foundation, walls, roof, garden, and even a dog house)
  • Why she holds 65 stocks in her portfolio
  • Her 9-part criteria for selecting investments
  • How dividend stocks are like rental properties
  • Diworsification
  • Wisdom for new investors

http://investorinthefamily.com/

http://onlineinvestingconference.com/

Aug 18, 2016

Jesse Moore comes out of the oil industry (upstream, midstream, and downstream) and brings with it special insights that help him as an investor.

Recently, he wrote about whether Tesla's autonomous vehicle program is a self-defeating business model and I wanted to sit down learn more about his thesis and thoughts.

He also wrote about how the first trillionaire will make their money and how space elevators will help. We talk about that as well.

Some hightlights:

  • Is Tesla's autonomous car program a self-defeating business model?
  • Do we really understand the mechanics of vehicle utilization rates?
  • Google versus Tesla and the safety of autonomous cars.
  • How significant of a role will autonomous vehicles really play?
  • How long will it take for them to take hold (assuming they do)?
  • Why teenagers don't want to drive.
  • What will happen to gas prices if electric vehicles significantly impact oil demand?
  • Does $30 oil make electric cars a losing proposition?
  • How close are we to asteroid mining and why should anyone care?

I hope you enjoy the interview.

http://investorinthefamily.com/

Aug 17, 2016

Dana Blankenhorn has been a tech journalist for forty years and knows the industry well. He recently wrote an article about how Apple (AAPL) surprised investors with their capital outlay and success in cloud computing.

In this interview we discus why cloud matters and how Apple is winning.

Of course, talking to Dana about tech is like opening a fire hydrant (in a good way!). He has so much to share and has a unique ability to express it in understandable and enjoyable ways.

Some highlights:

  • Why everyone expected bad earnings for Apple, and were wrong.
  • What it takes to succeed in cloud and why Apple is doing so well.
  • What Apple needs to do next to stay on top.
  • Is Apple insane to try to build a car?
  • Why cloud is so important and who is dominating the market.
  • Conversely, we discussed who has lost with cloud.
  • We also discuss how the way things change, is changing.
  • Will IBM and General Electric be the next "sexy" stocks?
  • What the "Cancer Moonshot" teaches us about the great public works of the future (and how China is beating the U.S.).
  • How small companies are so good at disruption, but it takes large companies to do great things.

Other stocks discussed: Tesla, General Motors

http://investorinthefamily.com/

I hope you enjoy the interview.

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