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Relatable Finance

Relatable Finance Podcast

Chart of the Week - May 30, 2023

Despite a rebound in U.S. equities, particularly in growth stocks, we have not seen a corresponding rise in earnings. This means that valuations have increased, and with the Fed continuing to raise rates, we are likely to see some volatility to come. Source: Bloomberg, Liz Ann Sonders

Chart of the Week - May 22, 2023

The chart of the week looks at something we discuss with clients many times before retirement: What are you going to do with all of your free time? Over 6 hours a week of relaxing and leisure sounds great, but it is safe to assume that the redundancy can get old. Some do well with the down time in retirement, while others have worked their whole lives and find it hard to fill the 40+ hours a week they used to spend working. This is definitely something to think about if you or a loved one are nearing retirement. How will you spend your time?

Chart of the Week - May 15, 2023

The United States is once again approaching the debt ceiling, with Treasury Secretary Janet Yellen suggesting that the “X” date could be reached as soon as June 1st. The consequences of not raising the debt ceiling would be severe to the U.S. and global economies, given that the U.S. dollar is considered the world's reserve currency. This week's chart of the week looks at the number of times the debt ceiling has been raised going back to 1980, including which presidential parties were in office and the makeup of congress at the time.

Chart of the Week - May 8, 2023

The chart of the week looks at different consumer products and services and their inflation since the year 2000. The last year and a half everyone has become very aware of inflation, mostly because it has hit in more mainstream products and services, but over the last 20+ years, inflation and deflation have been at work. Hospital services and college tuition lead the list of prices increasing the most, with food and beverage coming in slightly behind average hourly wages. Cell phones, computers and TVs have all become more affordable over the same time frame.

Chart of the Week - May 1, 2023

Recently there has been a lot of talk of a weakening U.S. dollar, and whether the dollar may lose its status as the world’s reserve currency. While the U.S. dollar has weakened recently relative to a basket of other currencies, the U.S. dollar by far and away continues to be the predominant currency held as a reserve currency. While the dollar may continue to weaken in the near term, no other options exist that provide the same level of stability as the U.S. dollar to serve as the world's reserve currency. Source: IMF

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About Us

We are Shane Phillips and Joseph Karl, and together we are the hosts of “Relatable Finance.” We have worked together at Provenance Wealth Advisors (PWA) since 2014 and come from similar backgrounds. Both of us are from the Midwest but found our way to South Florida. We played college football (and by “played,” we mean we were on the teams), and we both enjoy the financial markets enough to have spent the time to obtain the Chartered Financial Analyst (CFA) charterholder designation. With some help, we had the brilliant idea to start a finance-based podcast to share our knowledge with you. Our goal with each podcast is to simplify important concepts we use daily, explore the various financial risks and opportunities individuals face throughout their lives and provide perspective on current events in the financial world. We release episodes every other week. They can be found at the link above. We hope you find our podcasts interesting and informative and welcome any feedback. Enjoy!

The Relatable Finance Podcast is proudly sponsored by Provenance Wealth Advisors.
To learn more, check out our website.
www.provwealth.com

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