Ed Butowsky On The Blaze 12-20-12 on Flickr.
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Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins the The Blaze with E. D. Hill to examine how Americans should approach preparing their finances despite all the negative current events.
Quarter after quarter we see earnings reports, some make sense some do not. All in all they are in a language most people do not understand and they dismiss it as not relevant. That could not be further from the truth. All earnings tell a story about the company, but more importantly it tells a story about the economy and how well its doing. The lay person should not base their understanding of how the economy is doing solely on how their 401k is doing.
Why you ask are earnings so important? Corporate earnings help explain how the company is doing now but also 6-9 months from now. So its a very good indicator of how economies around the world may be doing as well.
As earnings are being reported this quarter we are starting to see the affects of the global economy and conditions take its toll on companies here in the US. Our government has tools to counter what the US economy has been going through. However, at this point in time they have used up all their tools to fix things except one possibly - lowering taxes. Its interesting why this administration lead by President Obama would not consider this tool and spare all others. Spare us from the inflation backlash that this country is going to experience when all the money being printed comes back to haunt this economy, spare us from the high unemployment we have been experiencing over the last 40+ months, and why not spare us from the low to no economic growth in this country.
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Review the full write-up by Ed Butowsky, One Tool Left to Jumpstart Economic situation: Lower Taxes, at Fox
Just like the way things on sites like twitter and Facebook are penned into history when you submit a status, so to are earnings reports when they are released quarter after quarter. But what are they really saying. In the current economic conditions they seem more and more less relevant because of the language used. However the reality is these earnings reports tell the entire story about a company and help investors and economist determine the true health of this economy. Without such things we would not be able to understand the direction we are going or how well your retirement funds will do - especially your 401k as an example.
The government especially pays close attention to these reports because if things are going well they have tools at their disposal to help keep the economy at a steady state, and to the contrary if the economy is not doing well they have tools to help stimulate the economy. However, at today’s stage in our economic health those tools have been used up all except for one - lowering taxes. This surely will help especially if its directed at Corporate America.
If you ask the current administration under President Obama, they feel there is still some things that can be done. The main thing they are doing right now is quantitative easing (another big term) which means print more money. This action is slowly eroding away at your purchasing power of your money, is that what we want?
Read the full article by Ed Butowsky, One Tool Left to Jumpstart Economy: Lower Taxes, at Fox Business.
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Have you checked your returns on your IRA or 401k statements? You could be disappointed these days. While many may be scratching their heads trying to figure out what the problem is, many are turning to self directed IRAs hoping to find alternative ways to earn a little bit more, make up for the losses they have seen, or maybe to just diversify what they currently have. You as an investor need to understand the risks associated with self directed IRAs, as there are class action lawsuits around the country from defrauded investors and they are on the rise. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to explain what a self directed IRA is and why are investors investing in them.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
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Is there a silver lining in all this stock market chaos? In the midst of all this market destruction there is a realignment taking place that is not all that bad. In fact a lot of it is quite good. To the contrary there is nothing good about losing money in your 401k, but what is happening in the economy right now parallels the changes that are going on in politics. What appears to be happening is a decentralization of power, from the well connected insiders to the small independent outsider. The well connected corporate insiders, those that have been gorging themselves on bailouts and special deals, are losing power and capital, while the majority of the small unincorporated business are getting ready to take off.
In all of this, the Tea Party and Congress have pledged themselves to end the bailouts to the big guys while making life easier for the small entrepreneurs. While the small business are the ones that are doing most of the hiring in this country, life is still very tough for small businesses. However, the President appears to still favor his corporate fat cat friends who are hooked on the idea that corporate statism or state corporatism is the best way to manipulate the economy.
It is these ideas that will have to change and may be in the process of doing so. Particularly since Obama’s manipulations have failed to produce the jobs and growth that he promised. So as bad as things are in the economy and the stock markets around the world, could we be on the verge of an economic renascence of sorts in this country? Only time will tell.
Its not doubt that many investors in today’s market are sick to their stomach as they watch their 401k dwindle in value. The stock market slide is particularly gut wrenching for people who are close to retirement and will rely on that money to live on. There are certainly ways to protect your portfolio including your 401k. Ed Butowsky, managing partner of Chapwood Investment Management, joins Fox Business’ America’s Nightly Scoreboard to discuss what measures investors can do to help their 401k and make money in this chaotic stock market. Consult with your financial or mutual fund advisor before making any decisions.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
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