PODCAST · business
The Daily Mission
by Greg Saurenman
Independent, straightforward take on life mission, life planning, financial planning, investing, the psych of money, communication around finances, things that troll Ye Olde Wall Street. By: Mission Advisory Group, a fiduciary-led Registered Investment Adviser, not beholden to any big bank or advisory firm. Relevant. Knowledgeable. Contrarian. Quant meets Qual. Algos. Humans. Access for all. This is not investment advice. For more information and to see disclosures, please visit: https://www.followthemission.comhttps://www.linkedin.com/in/gregsaurenman/https://twitter.com/motion2action
Episodes
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A rising spirit of the times.
A rising spirit of the times. You fed up yet?
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Fed Fun Day in Jackson Hole: An irreverent take on what you need to know (or not)
J Pow wraps Jackson Hole Fed meeting with some thoughts
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An update on the US $ and it’s hegemonic role as the world’s preferred reserve currency
An update on the US $ and it’s hegemonic role as the world’s preferred reserve currency The U.S. is 26% of the global economy, as measured by annual GDP. US$ is still 58% of global reserves. It was already declining pre-Covid & pre-UKR War. Despite the massive $$ creation, mismanagement of Fed...
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A note on mortgage rates & inflation
A note on mortgage rates & inflation This is where mortgage banking and residential real estate overlap w/macroeconomics & money mgt. First, a disclaimer. I am not a real estate agent or broker. However, understanding some basics around calculating risk, probability, and applying to personal…
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Tax Cuts & Jobs Act Sunsets in 2025 - What does that mean for Roth conversions?
You have 28 months before the 2018 TCJA (Tax Cuts & Jobs Act) sunsets. ▶ If it expires, we roll back to prior tax brackets 📈 or ▶ It could be extended and remain as-is or ▶ It could be replaced w/a new act and higher tax rates 📈 2/3 of outcomes lead to higher taxes ❗ Roth conversion? Maybe. ▶...
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How Much Is Enough? "The Psychology Of Money" Series Chapter 3: Never Enough. When Rich People Do Crazy Things.
How Much Is Enough? "The Psychology Of Money" Series Chapter 3: Never Enough. When Rich People Do Crazy Things.
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An Astonishing Recent Shift in Money & Wealth in America. Do The Rich Keep Getting Richer?
There are different ways to measure wealth. In this case, we’re talking about money and assets. You can look at income. You can look at overall wealth, or holdings, or assets. You can also zero in on cash deposits. After all, cash is king when you need it. When the prices of goods and services go...
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Big Summer Blowout & Riding The Gnarly Inflation Wave!
Some highlights -> 8 stocks have driven 90% of the S&P 500’s return (but that may be changing) -> Cost at the fuel pump is up -> Inflation up just a bit. CPI came in today at +3.2% YoY, so a little bit higher than the June YoY #. We’ll go over those #’s in minute. -> GDP is up. That’s on $1.5...
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Part 3: Mid-Year Review & Outlook 2023; Warning: Content May Be Boring.
Part Tres Mid-Year Review & Outlook 2023; Warning: Content May Be Boring.
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Part 2: Mid-Year Review & Outlook 2023; Warning: Content May Be Boring.
Part Deux Mid-Year Review & Outlook 2023; Warning: Content May Be Boring.
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Part 1: Mid-Year Review & Outlook 2023; Warning: Content May Be Boring.
Part 1 of our firm's Mid-Year Review & Outlook 2023; Warning: Content May Be Boring.
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Welcome To The Job Fair! Would You Like Any Sauces To Go With That?
A few points from the latest in jobs. Stuff you won't hear from financial media.
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Build a Skill. Your Confidence and Your Wallet Will Thank You
Having skill at something, anything boosts self-esteem and gives a person a backup job.
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When Stocks Are This Hot, You Have To Remember What It Takes To Break Even From Losses
Consider risk management and what it takes to recover from a deep loss.
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Market Madness continued! (or “Markets can stay irrational longer than you can stay solvent”)
Consumers are getting squeezed, cash levels are growing short, credit card usage is way up at a time when the average APR is 21%, and we now know that globally consumers, and not manufacturing, are carrying the economy. The global economy seems to be cruising on one engine as it relies on…
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12 Steps To Financial Success
These are the 12 Steps we use in planning: 1. Live on less than you earn. This is rule #1. Full stop. Nothing can happen beyond this until it’s upheld through lifestyle and budgeting. 2. Make sure you have enough insurance coverage for all needs. 3. Make sure you can cover basic deductibles. 4.…
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Current thoughts on Bitcoin as trade vs buy-and-hold
Some have asked our view on crypto. Crypto market cap, minus BTC and ETH, is -60% since cycle peak in Nov 2021. BTC still trades like a high-beta asset. (Comments on Bitcoin further below, if you want to TL;DR and jump ahead) 🔹 I would not feel comfortable in a fiduciary role commenting on…
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Quick Thoughts on The Mother Of All (Asset) Bubbles
Is “The Mother Of All (Asset) Bubbles” underway?
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Psychology Of Money Chapter 2: Luck & Risk
Have you ever looked at a situation, or a person, and wondered if and how luck plays into success? Luck is real, as is risk. And these two factors show us the reality that every outcome in life has forces that exist in addition to, and beyond our individual effort. Fact is, they both play a role…
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Quick note today on markets and global banking situation
This is a quick market note for today, given the news on global banking, risk, and signs that we could be seeing a sovereign debt crisis unfold. Here’s a pertinent take from J. Kyle Bass this morning. If you don’t know Kyle Bass, he is the Dallas-based Hayman Capital hedge fund manager who first...
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Inflation Nation: A Change in the Calculation
Since we’ve talked quite a bit about inflation over the course of this podcast, given that it launched last year, it’s important to note that the calculation of inflation just underwent a change. And February’s CPI report was the first to be calculated using a new methodology. Here’s the change....
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When Things Break
When the cost of capital goes up, and quickly, things break. We've reached that point.
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Crypto Outro Manifesto
I'm going drop a risk-grenade in the room and walk out. When you deal w/publicly-traded securities, there's regulation. There's also (generally) liquidity and some sort of market value even if markets sell off. Yes, technically all stocks and all funds could go to zero. I think if that were to...
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NO WAGES FOR YOU!
Wages are "sticky". Once raised, they tend not to drop. Wages and benefits are also the largest cost a business has to cover. Yes, inflation is hitting our wallets. And further squeezing a huge swath of the American public. 👉🏼 50% of Americans do not own a single share of stock, or an index…
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The Psychology Of Money Series - Chapter 1: "No One's Crazy"
Money in-and-of itself is just a tool. It’s a thing that is supposed to represent the exchange of energy that you put into work for its return. I personally believe that huge piles of cash stored away is a disservice in that it’s not being invested or put into flow, whereby more money can be…
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The Daily Mission Market Week of Feb 20-24: FED TO THE MOON?!
Earnings are continuing into further decline. 86 of 100 companies in the NASDAQ 100 are calling for in aggregate earnings decline. Mortgage originations (purchase applications) are down 41% YoY. That’s the worst in 28 years. The yield curve continues to signal trouble ahead. Rates are continuing…
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Why The US Consumer Thinks The Way They Do: The Psychology Of Money Series (Postscript)
Why The US Consumer Thinks The Way They Do: The Psychology Of Money Series (Postscript)
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Intro: The Psychology Of Money Series
Our intro to a series inspired by The Psychology Of Money by Morgan Housel. We share insights from his book as a read-along. Outside of direct quotes and paraphrasing, the additional views and comments contained are our own. We are not involved with Morgan Housel, his firm, or his publisher. We...
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Your start to 2023: The madness of crowds, market makers, greed, short-squeezes, Fedfakes, & 0DTE options (those b*strds! they killed the market!)
Your start to 2023: The madness of crowds, market makers, greed, short-squeezes, Fedfakes, & 0DTE options (those b*strds! they killed the market!)
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It's The Daily Mission relaunch! More episodes, more somewhat possibly moderately interesting stuff!
We heard you speak via Spotify Wrapped and found out that we were in the top 15% most shared. Whoa! In the words of Ron Burgundy, "I don't believe you". Alas, here we are. Tripling down for 2023. Or tripping down. IDK. More content. More unique series. More somewhat possibly moderately above...
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FED FUN DAY and the hangover is real. Freeform thoughts on markets, wealth disparity, and being lied to by Wall Street.
FED FUN DAY and the hangover is real. Freeform thoughts on markets, wealth disparity, and being lied to by Wall Street.
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Halloween Markets Creature Feature - Enjoy the Party Punch, Don’t Buy The Drama
An update on markets, economy for the end of October
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Quick hits on gold, including misconceptions you should know
Quick hits one gold, including misconceptions you should know
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Thoughts on where we are in markets and economy Sat Oct 15th 2022
Thoughts on where we are in markets and economy Sat Oct 15th 2022
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While The Song Remains The Same
Stronger job reports = equities going lower. Weaker job reports = equities going lower. Meanwhile, people continue the myopic, binary-outcome argument about "when does the Fed pivot?" Not only is a Fed "pivot" not occurring, even if it did it's not resuming a secular bull market in stocks....
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The Shite Has Hitteth Thine Windmiller
Well, it’s getting real friends. Like the math said it would. Now, what do we do with it. First, we don’t panic. You were prepared , or you weren’t. If you were prepared, you’re sanguine. You’re accepting of the circumstances. If you weren’t prepared, that’s ok. Let’s talk about how you can...
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Dual Hurricane Forces
There’s another hurricane that is strengthening. In the form of a global economic downturn. It’s affecting our shores and moving up in Cat strength. Prepare wisely for this one because its looks to be a Category 5 storm, the effects of which could last the next 4 quarters. Unfortunately, the...
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THE RISK YOU DIDN’T KNOW YOU HAVE
THE RISK YOU DIDN’T KNOW YOU HAVE Move over FANG. The new crew is AMATA. Remember “FAANG?” Facebook, Apple, Amazon, Netflix, and Google? They were the talk for quite some time. But, things always change. Netflix and Facebook dropped out of the top 5, Google changed its name, and Tesla became the...
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Markets are not in good shape. A quick update for week ending Fri, Sep 23rd
A quick & relevant update on markets for Fri, Sep 23rd None of what you see happening right now is a buy signal. The dollar is ripping higher. This is not good for the global economy. Yields/rates are soaring, with a high rate-of-change. The downside/low-end mathematical range for equity markets…
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There’s No Shame In Your Money Game
Shame has no place in personal finance. This goes for individuals, and especially couples. The moment that shame starts to emerge, we wreck it. It is antithetical to our process. Our work is to align and help redirect. Align in that we understand perspectives. Redirect as in helping people to...
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7 things you CAN control right now with respect to your money and the longer term effects of inflation
1. Make household budgetary changes. It’s not easy, but it can be done. In other words, save more. Spend less than you’re earning. Self-discipline. Cash-flow planning. Think like a business. Create more margin. 2. Adjust risk in your investment portfolios. What worked for the last 12 years is not...
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What is The Daily Mission Podcast?
A quick description of The Daily Mission Podcast.
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The time is now. Get efficient. Don’t wait.
It’s time to get efficient. Don’t wait. Current caution flags, and ideas on improving your financial situation.
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Sometimes you just need to disconnect (and we're all better for it!)
Sometimes you just need time and space. The Daily Mission is back from the wilds of the Sangre de Cristos to reengage with the world and all of its noise.
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Stacks On Stacks. The Good, Bad, and the Fugly (of cash).
Let's talk about cash, inflation, and some ideas this year.
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Dolla Dolla Bill (is a wrecking ball, y'all)
The US Dollar. Yankee Fiat. cash, bills, paper, greenbacks, moolah, scratch, dough, bread, cheddar. dead prezzies. No matter what you like to call it, that dollar dollar bill is a wrecking ball, y’all. It's in high demand, globally. And that can create some pretty big problems in the short term....
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Why you should probably think like a strategist, rather than a tactician
What you think “should be” versus what “is” when it comes to investing, and why you should probably think more like a strategist and less like a tactician.
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How did hedge fund managers become so rich? (and how the conditions to support this are changing)
Two factors more than any other supported the growth of the hedge fund titan era: Easy money for leverage, and getting paid under the carried Interest loophole. But both of those factors are in the process ofd changing. And quickly.
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Thoughts on inflation, markets, and the Fed for the last week of July 2022
It's been a crazy week in markets. Get the storyline you're not likely to hear from mainstream financial media.
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ABOUT THIS SHOW
Independent, straightforward take on life mission, life planning, financial planning, investing, the psych of money, communication around finances, things that troll Ye Olde Wall Street. By: Mission Advisory Group, a fiduciary-led Registered Investment Adviser, not beholden to any big bank or advisory firm. Relevant. Knowledgeable. Contrarian. Quant meets Qual. Algos. Humans. Access for all. This is not investment advice. For more information and to see disclosures, please visit: https://www.followthemission.comhttps://www.linkedin.com/in/gregsaurenman/https://twitter.com/motion2action
HOSTED BY
Greg Saurenman
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Frequently Asked Questions
How many episodes does The Daily Mission have?
The Daily Mission currently has 49 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is The Daily Mission about?
Independent, straightforward take on life mission, life planning, financial planning, investing, the psych of money, communication around finances, things that troll Ye Olde Wall Street. By: Mission Advisory Group, a fiduciary-led Registered Investment Adviser, not beholden to any big bank or...
How often does The Daily Mission release new episodes?
The Daily Mission has 49 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to The Daily Mission?
You can listen to The Daily Mission on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts The Daily Mission?
The Daily Mission is created and hosted by Greg Saurenman.
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