March 11, 2025 • 9 mins
Struggling with market volatility? Christopher Markowski of Watchdog on Wall Street introduces the Personal CFO program—your guide to financial preparation, not just planning. Learn to navigate corrections, avoid Wall Street hype, and build long-term wealth with dollar-cost averaging and smart asset allocation. www.watchdogonwallstreet.com
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Do you need a personal CFO? Based upon the emails
and questions and whatnot I get from listeners, you might.
You might. Again, every time every time markets sell off, correction,
whatever it may be, I am, I'm sys afis, I'm
pushing a rock to the top of the hill and
(00:38):
it rolls back down on me. Personal CFOs concept of
this is going back to Jeez I'd be by two
thousand and four, two thousand and five where I said,
you know what, we're going to take our financial planning program,
what we do. We're going to kind of call it
(00:58):
a personal exactly what it is. We're the CFO for
families all across the country. They come us, they rely
on us questions in regards to their finances, business opportunities,
whether they should be doing this that next thing, and
we're here to help. That's what we're all about. And
(01:22):
again I've tried to make this clear, we're going to
discuss at a great length this weekend on my radio show,
which we also turned into a podcast as well, simply
about learning how to understanding how to navigate financial storms,
corrections and volatility like we have right now, because unfortunately,
(01:48):
human beings are not wired. It's not your fault. Human
beings are not wired to be good investors. Fight or
flight response gets people doing really dumb things. You've got
various different biases that are built into human beings, and
it turns into a mess more often than not. Our
(02:10):
personal CFO program, you're going to start understanding, You're going
to start being able to identify you kind of it's
you know, it's funny, Chris. You know, I see what
you're seeing now, I saw it coming. Yeah. You want
to avoid serious risk. You want to you know, you
want to take a look at things and say, hey,
you know what if something comes out out of nowhere,
(02:32):
how am I going to go about handling that? Now.
One of the things you also have to do, and
what we do is basically understanding the narratives, the conventional
wisdom of the day, and what's trying what what the
what's the media, what's Wall Street trying to sell you?
At a certain point, in time and understanding their motivation.
(02:54):
This is this is what we've done, how we've positioned
our clients for success. This is why, every single, every
single time, every single time we have a market calamity,
whatever it may be, you come out on the other
side stronger and better. And we've discussed that concept. Nicholas
Nass talent concept anti fragility. It's genius. I want to
(03:18):
I went back twenty years here, pulled up a pull
a piece I did entitled financial Planning Reality. I'm reading
this again. I almost remember when I was writing it,
you know, twenty years ago and just back in the
day when my dad was my editor, would go through this.
(03:40):
I started off with a quote from Nick Murray, who
has done yeoman's work when it comes to the field
of financial I don't even like calling it financial planning.
If you're new to the program, I call it called
financial preparation. He writes in the Book of Genesis, God
gives Adam and Eve dominion over all the earth forbidding
them only from tasting the fruit of the knowledge of
(04:02):
good and evil, and for a moment their innocence is perfect. Then,
being only human, they succumb and bite the apple it's
the original transgression, and when they have committed it, everything
bad about earthly life comes rushing into the world. Sin, shame, toil, sickness, death.
They made one mistake, but it was the one and
(04:24):
only thing that they were forbidden to do. And he
writes that in a strange way, good investing is like
that early earthly paradise. When it's done right. Long term
investing is easy, seamless, aligned with your lifetime goals. There's
(04:49):
an integrity, there's an innocence to it. You're you're focusing
on your goals in life, but you're also preparing for
the various different things that are going to be thrown
at you, the opportunities that are going to come by
throughout life. That that's important as well. So I would
like to call it financial preparation. You're preparing for all
of the opportunities that you're going to have and whether
(05:12):
or not you decide to take advantage or decide not to.
Again at Wall Street, and you've seen right now, you
got the news, got the various different stories, and they
got the the graphics and the bear with the red
eyes and the smoke coming out of its mouth and
all of that. Good stuff. They they always are trying
(05:35):
to try to tell you that they've got a way
around this. They you know, they've they've found some way
where you can you avoid all of this volatility. You can't.
You can't. I mean it's it's not it's not possible.
It's not possible. And the same way you think of
(05:57):
an airline pilot or the captain of a ship, they
better be prepared for turbulence. A ship captain better be
prepared for storms and know how to handle storms and
not pretend like they're not going to happen, because they are. Anyway,
(06:23):
the concept that we put forward, you know, the personal CFO,
the financial preparation, looking at goals. It's not lucrative for
Wall Street, it's not good for the various different business
networks are always trying to sell you something new. Most
(06:44):
of financial journalism wrote this twenty years ago. It's an oxymoron,
whether it be CNBC another business publication, top Stockstall for
twenty twenty five. You know, mad money. Mad Money's been
on the airf I don't know how long on the
air back then at that point in time, and all
of the the called in, but at the time there
(07:05):
was a lot of them. Not so much anymore. The
call in radio show hosts with the shlock brokers there
telling you whether to buy, sell or hold acid allocation
is what matters, and it's it's this information. It's not news,
but we what we have taught on our show, what
(07:27):
I've been doing here for years. It's not newsworthy, it's
not so you're not gonna cover and maybe the truth
and maybe the reality of how one is going to
be successful. But it's it's not news. It's not it's
it's it's the problem that you have and today's stay
(07:47):
and age. You know, you think about risk and where
we're at, and you know, obviously there's been some froth
in the market. It's all to be expected. We've talked
as of late about the old Bonzai tree and trimming
positions and doing all of these things. Again, people stop
(08:08):
thinking of the markets and looking to outperform, look to
build wealth over time, you're going to outperform automatically. You know.
It's amazing to me, is I get the performance from
these various different gurus out there, these funds, hedge funds,
and certain private equity groups and various different things. And
(08:30):
I take a look at it and face value, not
oh well, we were up twelve percent last year, you
were up twelve percent. You know what's fine, wouldn't do that,
But then you add the fees that are involved and
what they're they're trying to do. Again, people, you you
build a portfolio, you dollar cost average, You don't get
(08:52):
emotional when stocks are down, rather than you take a
look at it as an opportunity. You're gonna be fine.
You can you're gonna be better than fine. It's it's
the secret to being successful. If you need to help,
that's what we're here for. That's what our personal CFO
program is all about. And again I want to remind
everybody it's for everyone, but we don't. We don't show
(09:15):
anyone the door. So again I invite you get to
our website at Watchdog on Wall Street dot com and
sign up for our personal CFO program Watchdog on Wall
Street dot com. HM
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Do you need a personal CFO? Based upon the emails
and questions and whatnot I get from listeners, you might.
You might. Again, every time every time markets sell off, correction,
whatever it may be, I am, I'm sys afis, I'm
pushing a rock to the top of the hill and
(00:38):
it rolls back down on me. Personal CFOs concept of
this is going back to Jeez I'd be by two
thousand and four, two thousand and five where I said,
you know what, we're going to take our financial planning program,
what we do. We're going to kind of call it
(00:58):
a personal exactly what it is. We're the CFO for
families all across the country. They come us, they rely
on us questions in regards to their finances, business opportunities,
whether they should be doing this that next thing, and
we're here to help. That's what we're all about. And
(01:22):
again I've tried to make this clear, we're going to
discuss at a great length this weekend on my radio show,
which we also turned into a podcast as well, simply
about learning how to understanding how to navigate financial storms,
corrections and volatility like we have right now, because unfortunately,
(01:48):
human beings are not wired. It's not your fault. Human
beings are not wired to be good investors. Fight or
flight response gets people doing really dumb things. You've got
various different biases that are built into human beings, and
it turns into a mess more often than not. Our
(02:10):
personal CFO program, you're going to start understanding, You're going
to start being able to identify you kind of it's
you know, it's funny, Chris. You know, I see what
you're seeing now, I saw it coming. Yeah. You want
to avoid serious risk. You want to you know, you
want to take a look at things and say, hey,
you know what if something comes out out of nowhere,
(02:32):
how am I going to go about handling that? Now.
One of the things you also have to do, and
what we do is basically understanding the narratives, the conventional
wisdom of the day, and what's trying what what the
what's the media, what's Wall Street trying to sell you?
At a certain point, in time and understanding their motivation.
(02:54):
This is this is what we've done, how we've positioned
our clients for success. This is why, every single, every
single time, every single time we have a market calamity,
whatever it may be, you come out on the other
side stronger and better. And we've discussed that concept. Nicholas
Nass talent concept anti fragility. It's genius. I want to
(03:18):
I went back twenty years here, pulled up a pull
a piece I did entitled financial Planning Reality. I'm reading
this again. I almost remember when I was writing it,
you know, twenty years ago and just back in the
day when my dad was my editor, would go through this.
(03:40):
I started off with a quote from Nick Murray, who
has done yeoman's work when it comes to the field
of financial I don't even like calling it financial planning.
If you're new to the program, I call it called
financial preparation. He writes in the Book of Genesis, God
gives Adam and Eve dominion over all the earth forbidding
them only from tasting the fruit of the knowledge of
(04:02):
good and evil, and for a moment their innocence is perfect. Then,
being only human, they succumb and bite the apple it's
the original transgression, and when they have committed it, everything
bad about earthly life comes rushing into the world. Sin, shame, toil, sickness, death.
They made one mistake, but it was the one and
(04:24):
only thing that they were forbidden to do. And he
writes that in a strange way, good investing is like
that early earthly paradise. When it's done right. Long term
investing is easy, seamless, aligned with your lifetime goals. There's
(04:49):
an integrity, there's an innocence to it. You're you're focusing
on your goals in life, but you're also preparing for
the various different things that are going to be thrown
at you, the opportunities that are going to come by
throughout life. That that's important as well. So I would
like to call it financial preparation. You're preparing for all
of the opportunities that you're going to have and whether
(05:12):
or not you decide to take advantage or decide not to.
Again at Wall Street, and you've seen right now, you
got the news, got the various different stories, and they
got the the graphics and the bear with the red
eyes and the smoke coming out of its mouth and
all of that. Good stuff. They they always are trying
(05:35):
to try to tell you that they've got a way
around this. They you know, they've they've found some way
where you can you avoid all of this volatility. You can't.
You can't. I mean it's it's not it's not possible.
It's not possible. And the same way you think of
(05:57):
an airline pilot or the captain of a ship, they
better be prepared for turbulence. A ship captain better be
prepared for storms and know how to handle storms and
not pretend like they're not going to happen, because they are. Anyway,
(06:23):
the concept that we put forward, you know, the personal CFO,
the financial preparation, looking at goals. It's not lucrative for
Wall Street, it's not good for the various different business
networks are always trying to sell you something new. Most
(06:44):
of financial journalism wrote this twenty years ago. It's an oxymoron,
whether it be CNBC another business publication, top Stockstall for
twenty twenty five. You know, mad money. Mad Money's been
on the airf I don't know how long on the
air back then at that point in time, and all
of the the called in, but at the time there
(07:05):
was a lot of them. Not so much anymore. The
call in radio show hosts with the shlock brokers there
telling you whether to buy, sell or hold acid allocation
is what matters, and it's it's this information. It's not news,
but we what we have taught on our show, what
(07:27):
I've been doing here for years. It's not newsworthy, it's
not so you're not gonna cover and maybe the truth
and maybe the reality of how one is going to
be successful. But it's it's not news. It's not it's
it's it's the problem that you have and today's stay
(07:47):
and age. You know, you think about risk and where
we're at, and you know, obviously there's been some froth
in the market. It's all to be expected. We've talked
as of late about the old Bonzai tree and trimming
positions and doing all of these things. Again, people stop
(08:08):
thinking of the markets and looking to outperform, look to
build wealth over time, you're going to outperform automatically. You know.
It's amazing to me, is I get the performance from
these various different gurus out there, these funds, hedge funds,
and certain private equity groups and various different things. And
(08:30):
I take a look at it and face value, not
oh well, we were up twelve percent last year, you
were up twelve percent. You know what's fine, wouldn't do that,
But then you add the fees that are involved and
what they're they're trying to do. Again, people, you you
build a portfolio, you dollar cost average, You don't get
(08:52):
emotional when stocks are down, rather than you take a
look at it as an opportunity. You're gonna be fine.
You can you're gonna be better than fine. It's it's
the secret to being successful. If you need to help,
that's what we're here for. That's what our personal CFO
program is all about. And again I want to remind
everybody it's for everyone, but we don't. We don't show
(09:15):
anyone the door. So again I invite you get to
our website at Watchdog on Wall Street dot com and
sign up for our personal CFO program Watchdog on Wall
Street dot com. HM
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.