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A show about time, money, and finding the freedom to spend them how we want.
Episodes
Sunday Mar 22, 2020
Sunday Mar 22, 2020
Summary:
Welcome to The Wealth Equation podcast! On this episode of the podcast, your host, Maurice L. Wilson, describes how we can use the quarantining that’s happening as a result of COVID-19 to our financial benefit. Maurice discusses options for making gains in the stock market given the current crisis. Among these options is something called the Buy Low Equation. This equation is essentially the idea of expecting returns from buying discounted stocks. Take the 52-week high divided by the current price equals the return one could expect from that stock once the crisis resolves and the market stabilizes again. Maurice recommends this as an easy way to get into the market without risk of losing much money, as the downturn in the market isn’t related to the company’s performance, but the coronavirus crisis we’re currently in.
Maurice gives some examples of how to apply this equation to real-world stocks (not as actual advice, but strictly as examples). Two of these examples come from airliners, and one from a movie theater chain. He suggests that the best thing about this is that you really don’t even need the stocks to return to their 52-week high in order to make some money.
He also mentions that these kinds of situations don’t happen all that frequently.
Key Quotes:
“What you really want to ask is: how deeply discounted is this stock?”
“You are making up for lost time if you are buying in this environment.”
“The beautiful thing about this moment is that, assuming the market returns to where it was, if you can buy stuff here, you’re getting it where your returns are literally baked into the price you paid for it.”
What We Covered:
0:50 – Using the coronavirus as an opportunity to build wealth in the stock market.
2:20 – The Buy Low Equation
4:15 – How this is like reaching back in time to purchase an older price.
5:30 – Example with the Vanguard Energy ETF.
6:15 – Example with Boeing.
7:30 – American Airlines example.
9:30 – Don’t confuse share amount with how much you can actually invest, dollar amount.
11:00 – As always, invest with risk potential in mind.
Connect with Maurice:
https://www.linkedin.com/in/mauricewilson
Sunday Mar 22, 2020
Sunday Mar 22, 2020
Summary:
Welcome to The Wealth Equation podcast! On this episode of the podcast, your host, Maurice L. Wilson, introduces himself to listeners, describing his career path thus far. When Maurice was preparing to enter college in the 1990s, there was a big push to encourage more African-American students to pursue engineering, which was intriguing to him. After a providential mistake, he ended up pursuing some of his education at Benedict College rather than Clemson University, as he had planned, which ended up thrusting him into a great situation.
He had a few brushes with investing over the years, but it wasn’t until he took a job at Chrysler and his 401(k) plan was being explained to him that he really comprehended deferring income, and his interest was officially piqued. He began researching investing and before long he decided to jump headfirst into the industry of financial advising. He witnessed the popping of the “dot com bubble” and the stock market crash of 2000, which he saw as opportunities for applying the problem-solving skills that he had learned as an engineer. He has now been working as a financial advisor for 15 years, essentially explaining to his clients how to use their time and money wisely to build wealth. On this podcast, Maurice will be teaching listeners his tried-and-true techniques for building wealth, also known as the amount of money needed to generate a stress-free return that produces enough money for you to live the life you want.
Key Quotes:
“A train wreck is more interesting than a successful train ride.”
“It was then that I decided I wanted to do something in the world of investments over engineering.”
“Even though I’m not an engineer in practice anymore, I am applying the principles that I learned in my current profession.”
What We Covered:
0:35 – Maurice’s journey into engineering.
1:45 – His experience at Benedict College.
3:10 – Maurice’s internship at Rolls Royce Aerospace.
5:35 – The turning point in his mindset towards investing.
7:01 – How he made the transition from engineering to investing as a profession.
7:50 – The goal of the Wealth Equation podcast.
9:43 – The wealth equation explained.
Connect with Maurice:
https://www.linkedin.com/in/mauricewilson