Job market, housing market, travel scams & more: Wealth!

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Brad Smith News

Family Office Investor Rashaun Williams,Doug Duncan,Housing Market

In this episode of Wealth!, Yahoo Finance's Brad Smith talks to experts about travel scams, the housing market, the job market, small businesses and more...

talks to experts about travel scams, the housing market, the job market, small businesses and more, with guests including McAfee Head of Threat ResearchThe 11 a.m. Eastern Time Hour gives you the best resources for building your financial footprint from our hand picked community of experts.

There's a lot of impersonation, impersonated websites, uh booking dot coms, you know, which are faked out photographs that might be incorrect or uh E I generated, for example. You know, try to see if you can uh use credit cards to make payments if you see things, people asking you for gift cards or asking you for Cryptocurrency payments.Uh so having that heightened level of skepticism, uh not believing uh you know, who's interacting with, you don't take their word for.

So you have to ask the question, if the market is supply constrained, then why is the completed new homes number as high as it is?The first time buyer buys an existing home, they fix it up, build a little sweat equity. So that's, that's the most important clause because any lender you talk to is gonna ask you things that will come out of that budget.

So you wanna take a well educated financial management approach to, to that decision because you would like to be able to sustain it. So, one of the huge things that we're tracking here is of course some of the moderation in the labor market and there's naturally the thought of what this means for the fed, how they might evaluate this.So this is a labor market that is actually consistent with non inflationary growth.

So that means you, you know, you don't, don't just get discouraged if you get rejected a couple of times, stay with it. They should be looking at job postings often they should figure out which skills and credentials employers want and then they should tailor their studies so that they get the skills that they need and they graduate ready for the job market.

We're getting a fresh read on the cautious consumer discount retailer dollar tree disclosed it's exploring a potential sale or spin off of family dollar as the company struggles to counter weaker demand amid inflation. So we're seeing that the consumer is finally probably at their saturation point with respect to spending on some of these discretionary goods in particular.

And even though those consumers, like everybody are looking for value, they tend to, to, to really gravitate toward those warehouse clubs. It's, um, there, there will be things that literally haven't been touched in that period of time that need to be cleared. So, so certainly the renovation piece is a big part of it and it sounds like they just don't want to invest right now in some of that renovation.But the question then is like, well, where are you going to make, make up the difference.And that could be an interesting one because 99 cent store is actually has a pretty cult following.

Um And certainly even with, with, in comparison to other athletic apparel, um merchants and brands like Nike Adidas under Armour Lulu's definitely been outperforming them. I mean, you are no stranger to kind of having a, a line of communication with so many of the athletes, either falcons related or non falcons related as you've been able to kind of work with them on their own investment and wealth building strategies.

One thing you'll notice that successful millionaires and billionaires do is they make their own investment decisions and they have a very qualified team around them. And then the last thing I'll say is the successful investors in this industry align themselves with financial coaches. It's becoming uh you know, news headlines now with A I, especially because of all of the revenue growth you're seeing uh in that space and in that industry which is driving the S AND P but in the private markets, we've been dealing with the A I and the quantum and the cyber for the last 5 to 7 years easily.

They say, hey, I can't get into some of these private names and, and I have to wait for them to come public. And if you're feeling really adventurous, go for the ones that you think in the next few years have a path to profitability, but stick in those three industries.The only thing that's adventurous is my golf game rashawn.I, I gotta know for people who are trying to actively build wealth.Uh The number one thing I would tell folks that I've actually never heard any financial advisors or financial gurus say anyone.

 

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