Today I would like to share the discussion with radio host Kevin Price during our interview on his show “The Price of Business.”

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Recently, I had the pleasure of returning to Kevin Price’s show “The Price of Business,” which is on the nationally syndicated network Biz Talk Radio, for another interview. I’ve been on this show many time over the years, but I wanted to share this most recent interview with you.

I will be sharing some of the highlights, here, but to see the full interview, check out the video above. 

Let’s take a look at Kevin’s questions and my responses during that conversation: 

Kevin: “Can you go into a little more depth about what you do?” 

“At Green Financial, we work with a lot of folks in the oil and gas industry, and we manage their cash flow, taxes, and wealth in general. We go the whole nine yards when managing wealth. [...] We get a lot of financial questions and we answer them all, and then some.”

Kevin: “Yeah, you’ve really become not only an investment guide, but also a trusted advisor. There’s an accumulation side and a savings side, and you’re helping [people] with both.” 

“We call it accumulation and distribution, and where we specialize is really on the distribution side. Most of our clients are retirees or oil and gas executives. People go through an accumulation phase of life. [...] That accumulation phase is different from the distribution phase. It becomes a very different way of managing assets. We manage our client portfolios on a very risk-averse basis.

 

 

Kevin: “It sounds like you factored in the [economy’s volatility] in a very strong sort of way.”

“We look for the strongest sectors in the economy--that’s what we do. We’re basically sector rotation based on relative strengths. We’re not going to asset allocate among all the asset classes just for the sake of it. For example, real estate right now is probably the worst asset class. What we do is to look for strengths in the market and diversify among those strengths. 

Kevin: “Talk a little bit about this current administration and what you’re seeing happen as a result of this administration.” 

“The S&P and Dow are both up by about 6% year-to-date. The Nasdaq is up by something like 8% or so. The market bottomed in March of ‘09, and we saw this underperformance in the market all the way up until 2017. The government was growing too rapidly, and when the government grows too rapidly, it robs the economy of its growth potential. This then translates to the stock market, because the stock market can’t really reflect the positive things in the economy. We call this economy a ‘plow horse economy.’ 

The reason we call it this is because you’ve got a ‘race horse’ economy dragging a ‘dead horse’ economy. A ‘race horse’ economy refers to sectors that are leading the charge. A ‘dead horse’ is a growing government, pulling everything down. When you mix a ‘race horse’ with a ‘dead horse,’ you get a ‘plow horse,’ which has been our economy this whole time. We’ve had the biggest reduction in government and business regulations in history in 2017. We’ve had a major tax cut on the corporate side that’s boosting earnings in 2018. This is why we are seeing such a huge surge in our economy and a surge in the equity markets as well.”

For information on the subjects I talked about during my radio interview and more, you can visit my website: www.greenfinancialgrp.com. 

Also, if you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

 

^{Views expressed are those of Jeff Green and Kevin Price and are not necessarily those of Raymond James and are subject to change without notice.}

^{Raymond James is not affiliated with Kevin Price, the Price of Busines, or the Biz Talk Radio Network.  Diversification and asset allocation do not ensure profit or protect against loss.  Every investor's situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment.  The Dow Jones Industrial Average is an unmanaged index of 30 widely held stocks.}

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