Money Wise

Hosted by Davidson Capital Management, Inc.

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Episodes

256

Latest episode

Aug 2026

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EN-US

About the show

Jeff and Kyle Davidson are joined weekly by Joe Rust as they discuss current investment trends, the truth behind prudent investing strategies, and how you can build wealth for the long term with a solid plan in place.

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August 29, 20261 hr 20 min

Fed Talk Fuels Volatility, Fundamentals Tell a Different Story, & What Wall Street Won’t Tell You

The Money Wise Guys are back this week with plenty to unpack as investors digest another round of economic data and renewed questions about where interest rates may be headed. On Wall Street, the Dow gained 0.5%, the S\&P 500 rose 0.5%, and the Nasdaq climbed 0.8% for the week. Year to date, the Dow is up 11.4%, the S\&P 500 is up 12.7%, and the Nasdaq is up 13.6%. Much of the week's attention centered on the Jackson Hole Symposium, PCE inflation data, and the market's reaction to Federal Reserve Chairman Kevin Warsh's comments. While markets interpreted his remarks as hawkish and expectations for a potential September rate increase moved higher, the team questions whether another hike is actually warranted. They look at historical PCE averages, today's inflation environment, and why investors shouldn't allow every Fed comment or short-term market reaction to dictate their decisions. From there, the conversation shifts back to what the guys believe investors should be watching: fundamentals. With 97% of S\&P 500 companies having reported second-quarter results by August 28, they point to positive earnings and revenue surprises as signs of underlying corporate strength and make the case for focusing on quality companies rather than short-term headlines. Their broader message is to dig deeper: know what you own, understand what you're paying, ask who is actually making the investment decisions, and don't assume a more complicated portfolio is automatically a stronger one. \ Fed Talk Fuels Volatility\ The Federal Reserve doesn’t have to actually change interest rates to move the markets. Sometimes a few words are enough. When Fed officials sound more “hawkish,” meaning they appear more willing to keep rates higher or raise them to fight inflation, investors quickly adjust their expectations for where rates may be headed. That can push Treasury yields higher and put pressure on rate-sensitive areas of the market, particularly higher-valuation technology and growth stocks. That’s essentially what played out following the Jackson Hole comments discussed on this week’s show, as markets reacted to the possibility that rates could remain higher or even move higher from here. For long-term investors, the important part is separating that immediate reaction from what’s actually happening underneath the market. Fed policy matters, but so do earnings, valuations, economic growth, and company fundamentals. A change in rate expectations can create short-term volatility without necessarily changing the long-term investment case for a fundamentally strong company. In the second hour, the Money Wise guys give listeners a peek into what Wall Street Won’t Tell You. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

August 22, 20261 hr 20 min

Bond Vigilantes Return, Wall Street’s Latest Speculation, & RIA vs. Broker

The Money Wise Guys kick off this week’s show with a look at a tougher stretch on Wall Street. The Dow Jones Industrial Average fell about 455 points, or 0.8%, the S\&P 500 declined roughly 111 points, or 1.4%, and the Nasdaq dropped about 549 points, or 2.1%. Despite the pullback, all three major indexes remain positive for the year, with the Dow up 10.8%, the S\&P 500 up 12.1%, and the Nasdaq up 12.6% year to date. From there, the team looks beyond the headlines to discuss rising Treasury yields, lighter August trading volume, and the increasingly rapid rotation taking place throughout the market. With money moving quickly between stocks, bonds, metals, crypto, and other areas, they explain why short-term volatility can feel more dramatic even when the broader market picture hasn’t changed significantly. They also look ahead to earnings, including Nvidia’s upcoming report, and discuss why company fundamentals can provide a more meaningful signal for long-term investors than the market narrative of the day. Later in the first hour, the conversation turns to the growing influence of speculation, from cryptocurrency and leveraged ETFs to zero-day options and 24-hour trading. The team discuss the risks of allowing a trader’s mentality to creep into a long-term portfolio and why the latest Wall Street product or hot investment theme may not always be what it appears. They encourage investors to dig deeper, understand what they own, and remain focused on diversification and long-term discipline rather than chasing the fear of missing out. \ Wall Street’s Latest Speculation\ Wall Street has never been short on the next hot idea. Years ago it was SPACs. More recently, cryptocurrency took center stage, and now investors are being pitched everything from leveraged ETFs and zero-day options to private credit and other alternative investments. The products may change, but the temptation is usually the same: fear of missing out on an opportunity everyone else seems to be chasing. The problem is that popularity doesn’t make something appropriate for a long-term portfolio. Investors still need to look past the marketing, understand the risks and liquidity involved, and ask whether an investment actually serves a purpose within their overall strategy. There’s a big difference between investing with a process and buying something simply because Wall Street has made it the latest thing to talk about. In the second hour, the Money Wise guys explore RIA vs. Broker. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

August 15, 20261 hr 20 min

Interest Rates in Focus, Getting Rich Slowly, & The Best Investment Advice Ever

This week on Money Wise, the team takes a closer look at what’s driving markets as investors weigh inflation, interest rates, housing costs, and continued economic uncertainty. Wall Street turned in a mixed week, with the major indexes staying relatively steady as investors continued to weigh inflation, interest rates, and the broader economic picture. The Dow Jones Industrial Average fell about 305 points, or 0.6%, while the S\&P 500 gained roughly 28 points, or 0.4%, and the Nasdaq edged higher by about 38 points, or 0.1%. Year to date, the Dow is up 11.8%, the S\&P 500 has gained 13.7%, and the Nasdaq leads with a 15% gain. The Money Wise guys discuss the latest inflation data, the role housing costs continue to play in those readings, and what the inflation picture could mean for interest rates and markets. From there, the conversation shifted toward a growing concern for investors: the increasingly blurred line between investing, trading, sports betting, and outright speculation. That distinction between investing and gambling carried through the broader investor-education discussion. The team emphasizes that building wealth generally happens slowly - through consistent contributions, dollar-cost averaging, diversification, and a willingness to stay invested through changing market conditions. They also challenge the old investing rule to “never lose money,” pointing out that losses are an unavoidable part of taking investment risk. A more realistic objective is managing that risk so one downturn or bad decision doesn’t create a hole that becomes difficult to recover from, both financially and psychologically. As investors get closer to retirement, understanding both risk tolerance and risk capacity becomes increasingly important. The takeaway is straightforward: long-term investing requires structure, discipline, and active oversight, not the constant action that increasingly surrounds markets today. \ Getting Rich Slowly \ Successful investing rarely comes from swinging for the fences. More often, it comes from consistently putting money to work, dollar-cost averaging over time, staying diversified, and giving compounding a chance to do its job. That approach may not generate the same excitement as chasing the latest stock, leveraged product, or short-term trade, but investing isn't supposed to be entertainment. The goal is to steadily build wealth while maintaining the discipline to stay invested through both good markets and bad ones. Getting rich slowly may not make many headlines, but for long-term investors, patience and consistency remain a much more practical strategy than constantly searching for the next quick win. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

August 8, 20261 hr 21 min

Markets Recover, Avoiding Speculation, & Equity-Indexed Annuities

Another week of strong market gains served as a reminder that long-term fundamentals can quickly regain center stage once short-term volatility begins to fade. Markets rebounded sharply this week as investors looked beyond July's volatility and refocused on corporate fundamentals. The Dow Jones Industrial Average gained 3.0%, the S\&P 500 rose 3.6%, and the Nasdaq climbed 5.2%. Year to date, the Dow is now up 12.4%, the S\&P 500 has gained 13.3%, and the Nasdaq leads with a 14.8% return. The Money Wise guys discuss how July's deleveraging appears to have largely run its course, allowing buyers to return as earnings continue to exceed expectations. They also review the latest employment data, upcoming inflation reports, and why markets remain sensitive to Federal Reserve policy while continuing to emphasize the importance of separating short-term headlines from long-term fundamentals. The remainder of the program focuses on investor education, beginning with the importance of teaching younger investors how to build wealth through consistent saving rather than speculation. The guys stress that long-term investing is built on patience, dollar-cost averaging, and diversification - not leveraged products or "get rich quick" strategies. The second hour then turns to an extended discussion of equity-indexed annuities, explaining how these products are structured, why investors should understand participation rates, interest-rate caps, surrender periods, commissions, and liquidity restrictions before purchasing them, and why it's important to carefully evaluate marketing claims before making long-term financial decisions. Throughout the discussion, the recurring message remains the same: successful investing comes from discipline, education, and understanding exactly what you own. \ Avoiding Speculation\ One of the most valuable investing lessons doesn't involve finding the next hot stock or timing the market perfectly—it's understanding the power of consistency. Whether you're just beginning your career or helping the next generation start investing, regularly contributing to retirement accounts, taking advantage of employer matching contributions, and allowing compounding to work over time can have a tremendous impact. While speculative products and leveraged investments often receive the most attention, long-term wealth has historically been built through disciplined saving, broad diversification, and patience. For most investors, the tortoise still beats the hare. In the second hour, the Money Wise guys delve further into their discussion on Equity Index Annuities. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

August 1, 20261 hr 20 min

Technical Selloffs, Active Management, & What Wall Street Won’t Tell You

Wall Street finished the week higher despite another bout of volatility driven by interest rates, inflation concerns, and technical selling in the technology sector. The Dow Jones Industrial Average gained 1.0%, while the S\&P 500 rose 1.0% and the Nasdaq advanced 1.6%. Year to date, the Dow and Nasdaq are each up 9.2%, with the S\&P 500 leading at 9.4%. The Money Wise guys discuss the Federal Reserve's latest meeting, rising Treasury yields, and why July's weakness in the Nasdaq appears to have been driven more by leverage, margin calls, and technical market mechanics than by any meaningful deterioration in corporate fundamentals. The hosts also highlight continued strength in corporate earnings and why disciplined investors should separate short-term market volatility from long-term business performance. The second half of the program shifts to investor education, examining how large Wall Street firms construct portfolios and the importance of understanding what you're paying for. The discussion covers the potential drawbacks of excessive portfolio complexity, why simply owning dozens of mutual funds or ETFs doesn't necessarily improve diversification, and the value of ongoing research and active oversight. The team also explores the role of algorithms in portfolio management, the importance of knowing who is actually making investment decisions, and why investors should ask thoughtful questions about fees, investment selection, and potential conflicts of interest before choosing a financial professional. The overarching message is that successful portfolio management is both a science and an art, requiring disciplined research, experience, and accountability rather than relying solely on automation or product selection. \ Active Management\ A portfolio with dozens of mutual funds or exchange-traded funds may appear well diversified, but quantity alone doesn't necessarily improve investment outcomes. Many funds hold similar securities, creating overlap that can add complexity without providing meaningful additional diversification. Building a portfolio is about selecting investments that work together toward a specific objective, not simply accumulating more positions. For long-term investors, understanding how investments complement one another, regularly reviewing portfolio holdings, and maintaining a disciplined process can be more valuable than owning an ever-growing list of funds. In the second hour, the Money Wise guys give listenters a peek into what Wall Street Won’t Tell You. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management

July 25, 20261 hr 20 min

Roth Conversions, Portfolio Liquidity, & RIA vs Broker

Wall Street pulled back modestly this week as investors continued rotating away from some of the market's biggest technology names. The Dow Jones declined 0.4%, the S\&P 500 fell 0.6%, and the Nasdaq dropped 2.1%. Despite the weekly decline, all three major indexes remain positive for the year, with the Dow up 8.1%, the S\&P 500 up 8.3%, and the Nasdaq up 7.5% year to date. The Money Wise guys discuss the recent broadening of market leadership beyond the hyperscalers, reviewed the impact of rising oil prices and Treasury yields, and explain why recent weakness in technology stocks appears to be more of an orderly market rotation than a change in the long-term investment outlook. The conversation also highlights Davidson's continued emphasis on diversification and active portfolio management during periods of elevated volatility. The second half of the program shifts to investor education, focusing on the importance of understanding financial strategies before acting on marketing claims. The hosts discuss Roth conversions, explaining why they can be valuable in certain situations but are not appropriate for every investor and always require careful tax planning. They also emphasize the importance of maintaining adequate portfolio liquidity, particularly for investors with significant holdings in illiquid assets such as real estate or private investments. \ Roth Conversions\ Strategies like Roth conversions can provide meaningful long-term tax benefits, but they aren't one-size-fits-all solutions. Factors such as your current tax bracket, available cash to pay taxes, retirement timeline, and overall financial goals all play an important role in determining whether a conversion makes sense. Likewise, maintaining appropriate portfolio liquidity can help investors meet unexpected cash needs without being forced to sell long-term investments at inopportune times. Taking the time to evaluate these decisions within the context of a comprehensive financial plan can help investors make choices that align with their broader objectives rather than reacting to marketing messages or short-term trends. In the second hour, the Money Wise guys explore RIA vs. Broker. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

July 18, 20261 hr 20 min

Managing Risk, Semiconductor Opportunities, & The Best Investment Advice Ever

Wall Street pulled back this week as investors took profits following a strong first half of the year. The Dow Jones declined 0.9%, the S\&P 500 fell 1.6%, and the Nasdaq dropped 2.9%. Despite the weekly weakness, all three major indexes remain positive for the year, with the Dow up 8.5%, the S\&P 500 up 8.9%, and the Nasdaq leading with a 9.8% gain year to date. The Money Wise guys discussed why July's weakness has been unusual, reviewed the latest earnings reports, and explained why the recent semiconductor selloff appears to be driven more by profit-taking, leverage, and market mechanics than by any meaningful change in the industry's long-term fundamentals. The team also highlighted encouraging inflation data and why continued progress on inflation could improve the outlook for interest rates and the broader economy. The conversation goes on to focus on one of the most important principles of long-term investing: managing risk. The team discussed why successful investing isn't about avoiding every loss but about limiting significant losses that can derail long-term financial goals. They emphasized the value of diversification, active portfolio management, and maintaining perspective during periods of market volatility. Rather than chasing short-term excitement or treating investing like a game, the hosts encouraged listeners to stay disciplined, understand their personal risk capacity as they approach retirement, and build portfolios designed to withstand changing market conditions over time. \ Managing Risk \ One of the biggest misconceptions about investing is that success comes from finding the highest returns. In reality, long-term success is often built by avoiding significant losses that can be difficult to recover from. While every investor will experience periods of market volatility, maintaining a diversified portfolio, understanding your personal risk tolerance and risk capacity, and staying focused on long-term objectives can help keep temporary market declines from becoming permanent setbacks. Rather than reacting emotionally to every market swing, disciplined investors recognize that managing risk is just as important as pursuing growth. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

July 11, 20261 hr 21 min

Estate Planning Matters, AI's Growth Continues, & Equity Indexed Annuities

Wall Street delivered another resilient week despite renewed geopolitical tensions in the Middle East. The Dow Jones slipped 0.5%, while the S\&P 500 gained 1.2% and the Nasdaq advanced 1.7%. Year to date, the Dow is now up 9.5%, the S\&P 500 has gained 10.7%, and the Nasdaq leads the major indexes with a 13.1% return. The Money Wise guys discussed how investors have become increasingly accustomed to geopolitical headlines, allowing markets to recover quickly from short-term uncertainty. Looking ahead, the hosts highlighted the start of second-quarter earnings season, noting expectations for another quarter of strong corporate earnings growth. They also pointed to the significant amount of cash still sitting on the sidelines as a potential tailwind for equities, even as day-to-day market volatility remains elevated. The discussion then shifted to several important investor education topics. The team explored why artificial intelligence remains in the early stages of adoption despite the recent surge in investment, emphasizing the importance of diversification as market leadership broadens beyond a handful of technology companies. They also shared a powerful reminder about estate planning after working with the family of a longtime client, encouraging listeners to keep beneficiary designations current, involve trusted family members in their financial plans, and ensure loved ones know where important financial documents and accounts are located. The program concluded with a detailed discussion on equity-indexed annuities, explaining how these products often contain complex fee structures, participation limits, and surrender provisions that investors should carefully understand before making long-term financial decisions. \ Estate Planning Matters\ One of the most valuable financial planning conversations isn't about investment performance—it's about making sure your loved ones know what to do if something happens to you. Too often, spouses and adult children are left searching for important documents, financial accounts, or trusted advisors during an already difficult time. Taking the time to review beneficiary designations, organize key financial information, and introduce family members to your financial professionals can help make an emotional situation a little less overwhelming. While these conversations may not be easy, thoughtful preparation today can help ensure your wishes are carried out and provide greater clarity for those you leave behind. In the second hour, the Money Wise guys delve further into their discussion on Equity Index Annuities. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

June 27, 20261 hr 20 min

Market Breadth Improves, SpaceX Hype Fades, & What Wall Street Won't Tell You

The Money Wise guys are back in the studio with a brand-new episode of Money Wise. After several weeks of leadership from large-cap technology stocks, markets took on a more mixed tone. The Dow Jones Industrial Average gained 0.6% for the week, while the S\&P 500 declined 2.0% and the Nasdaq fell 4.6%. Despite the pullback, all three major indexes remain positive for the year, with the Dow leading at 7.9%, followed by the Nasdaq at 8.8% and the S\&P 500 at 7.4%. The guys note that much of the week's volatility stemmed from quarter-end portfolio rebalancing, profit-taking in technology stocks, and a broadening of market participation as investors rotated into areas that had lagged earlier in the year. The discussion centers on the importance of looking beyond the headlines and focusing on long-term fundamentals. While high-profile names such as SpaceX experienced a sharp reversal after a highly anticipated IPO, the guys emphasize the risks of chasing excitement over business fundamentals. They also discuss the Federal Reserve, inflation data, and interest rates, noting that longer-term rates have remained relatively stable despite ongoing speculation about monetary policy. The overarching message was that successful investing comes from discipline, transparency, and understanding what you own, not reacting to the latest market narrative. \ Market Breadth Improves\ Market breadth refers to how many stocks are participating in a market's advance, not just how far the major indexes are climbing. When gains are concentrated in a handful of large technology companies, the market can appear stronger than it actually is. But as leadership expands across more sectors and a greater number of companies begin contributing to overall performance, it often reflects a healthier and more balanced market environment. While periods of profit-taking in high-flying stocks can grab headlines, improving market breadth suggests investors are beginning to recognize opportunities beyond the market's most popular names. For long-term investors, it's a reminder to look beyond the headline indexes and focus on the broader strength developing underneath the surface. In the second hour, the Money Wise guys give listenters a peek into what Wall Street Won’t Tell You. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

June 13, 20261 hr 0 min

SpaceX IPO Fuels Excitement, Fundamentals Still Matter, & 401(k) Rollovers

Markets continue to grind higher this week, with all three major indexes posting gains. The Dow Jones Industrial Average rose 0.7%, while both the S\&P 500 and Nasdaq gained roughly 0.7% as well. Year to date, the Dow is now up 6.5%, the S\&P 500 has advanced 8.6%, and the Nasdaq leads the way with an 11.4% return. The Money Wise guys note that despite some midweek volatility, markets responded positively to easing geopolitical concerns and continued to demonstrate resilience. A major topic throughout the show was the highly anticipated SpaceX IPO, which generated significant attention from investors and financial media alike. Much of the discussion centers on the difference between hype and fundamentals. While the SpaceX IPO attracted substantial demand and delivered a strong first-day performance, the team questions whether valuations and investor enthusiasm had gotten ahead of the underlying fundamentals. The conversation also explored the risks of chasing popular investment themes, the importance of understanding what you own, and the dangers of concentrating too heavily in a single company or sector. Beyond the IPO discussion, the team highlighted encouraging inflation data, declining oil prices, and the challenges investors face when attempting to time the market. The broader takeaway was that long-term success comes from discipline, diversification, and focusing on fundamentals rather than getting swept up in the latest market trend. \ Fundamentals Still Matter \ The excitement surrounding the SpaceX IPO serves as a reminder that investor enthusiasm can sometimes move faster than the underlying fundamentals. While innovative companies and emerging technologies often capture headlines, long-term investors still need to evaluate factors such as revenue growth, profitability, valuation, and business execution. Popularity alone does not determine an investment’s long-term success. Markets can become captivated by compelling stories, but over time, fundamentals tend to play a much larger role in determining value. For investors, maintaining a disciplined approach and focusing on the financial strength of a business can help separate lasting opportunities from short-term excitement. In the second hour, the Money Wise guys discuss 401(k) Rollovers. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com , where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.