Fast and Finance

Patrick McCrindle

Welcome to Fast and Finance! This podcast is designed for everyday, normal people just looking to improve their personal wealth management and expand their knowledge on the markets. We'll cover all the basic concepts so you have a strong base knowledge before we dive into anything more specific. Wealth management is a concept that is overlooked in many school systems, and we're here to change that! Please send us your questions to: patrick.mccrindle@lpl.com - Securities offered through LPL Financial, a member FINRA/SIPC. https://www.finra.org/ - https://www.sipc.org/ Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and SGI Wealth Management are separate entities from LPL Financial. https://www.sgiwealth.com/ read less

EducationEducation

Start Here

It's About Perspective!

It's About Perspective!

One of the most reoccurring trends that I see is how they view investing... and that rather viewing it as an investment, many of them feel that they’re just spending money that could be spent elsewhere. And understandably so, as the cost of living has risen so high – but remember, I’ve had episodes in the past demonstrate that it’s about consistency over time, even if those investments are on the smaller side.

Episodes

It's About Perspective!

It's About Perspective!

One of the most reoccurring trends that I see is how they view investing... and that rather viewing it as an investment, many of them feel that they’re just spending money that could be spent elsewhere. And understandably so, as the cost of living has risen so high – but remember, I’ve had episodes in the past demonstrate that it’s about consistency over time, even if those investments are on the smaller side.

Pay off Debt or Invest?

Pay off Debt or Invest?

I wanted to dedicate an episode to a common scenario that most likely hits home for most U.S citizens. With numerous lines of debt piling up, from credit cards to loans.. How does one get out of the hole that they’ve dug for themselves over the years? When will someone invest for retirement if all they can afford is to pay off their debt? Well, there’s a certain process to it – or else individuals may find themselves just opening another line of credit when times get hard.

Sleep Well, Live Better - Guest Episode with Kelly Wernersbach

Sleep Well, Live Better - Guest Episode with Kelly Wernersbach

We have a very special guest. Not only a friend of mine, but a friend to many, especially in our local area. Kelly Wernersbach with Adjust Your Sleep Mattress Boutique. I met Kelly at a Marlton Business Association lunch – a local business group. Before I even met Kelly, I would hear about the amazing things she was doing like partnerships with local nonprofits, networking events with a purpose/cause... I could tell, Kelly ran her business with her heart. And she truly is a wonderful human being – Welcome to Fast & Finance, Kelly!

Financial Planning for Young Adults

Financial Planning for Young Adults

I wanted to dedicate this episode to financial plans – and not just financial plans for the ordinary scenario – but financial plans for young adults. We normally only hear of people getting one together as they approach retirement, but what if I said it’s never too early to start planning? Well, let’s start here. What is an actual financial plan? .....

Do you need a team?

Do you need a team?

I wanted to dedicate an episode to the idea of building a team of professionals to be on your side for a wide range of financial related topics. Whether that’s finding the right financial advisor for you, accountant, attorney, or life insurance agent. Like in any profession, there are going to be individuals who genuinely care about your situation rather than make a quick dollar from you. It can be overwhelming, meeting with several professionals in the same industry and trying to pick the best one for you.

Tips for New Investors

Tips for New Investors

If you saw the title of this episode, chances are you’re getting started with investing or maybe you’re just considering it... but congratulations, because that’s the first step! I always tell people that the hardest part is normally just getting started and learning how to be comfortable with having money invested in the market. Fear not, if you have a plan in mind and means of holding yourself accountable, you’ll be alright.

Saving as a Small Business Owner

Saving as a Small Business Owner

I know in the past I have done episodes on employer sponsored accounts, and when I say that, think of 401(k)s. But what about the individuals who own their own business or possibly work for a smaller company, a startup, etc.. Some of those individuals don’t have access to a 401(k), and they’re unaware of the other options out there for them and their business. Hopefully after this episode – whether you’re a small business owner or an employee at one, you’ll know what option makes the most sense for your situation.

Sitting on Cash

Sitting on Cash

I wanted to dedicate this episode to something that normally goes unnoticed, or unattended to over time. In past episodes, I’ve discussed the importance of having an emergency fund of cash, enough to last for 4-6 months of expenses. You see most people just leave that cash either in their checking account, or a savings account not getting the best interest.

Something is Better than Nothing

Something is Better than Nothing

I wanted to dedicate an episode to a common belief that most individuals have about investing... And mostly younger individuals, but this can apply across the board. I think there’s a general assumption about investing, that to do so, one must be wealthy or just have tons of excess cash to invest. And that’s the stigma I want to break. It’s not about how much you can invest. It’s about what you invest in, how consistent you are, and how long you stay buckled up for.

Building Financial Habits

Building Financial Habits

Some of you guys may be tired of hearing me talk about budgeting... But you might have to get used to it... because it’s not going anywhere! People create budgets/have a budget in the back of their mind, but if you’re not checking in with that budget/doing your own sort of bookkeeping, that budget goes right out of the window.

Weekly Commentary - That Was Quite a Week

Weekly Commentary - That Was Quite a Week

Brought to you by LPL Research: Last week was a pivotal one for markets, with the S&P 500 coming off a 3% weekly decline the week before. In terms of economic data, we got our first look at first quarter gross domestic product (GDP) as well as the March reading of the Federal Reserve’s (Fed) favorite inflation measure — the core PCE deflator. If that wasn’t enough to digest, over 150 S&P 500 companies reported quarterly earnings last week, including the first batch of big tech names.

Time in The Market

Time in The Market

I want to take this episode to talk about one of my favorite concepts when it comes to investing – and I'm sure you’ve heard me say it before – and I’ll say it again, we cannot time the market. A french mathematician named Louise Bachelier first coined the random walk theory term – and he pretty much said that share price movement, or prices in the market, were like steps taken by a drunk.... unpredictable.

Teaching Your Kids

Teaching Your Kids

A lot of kids don’t grasp the importance of money, and that makes sense. To them, it’s just paper, right? At least in my early education as a child, there was certainly not any financial literacy courses. I think some of our school systems are changing for the better now, and there are more financial literacy tools available now than ever; but as individuals we can still do our job and try to teach the younger generations the fundamentals of money.

Considering a Withdrawal?

Considering a Withdrawal?

I wanted to make this episode just to outline the general thought process of an early withdrawal on a retirement account, whether that be a 401(k), IRA, etc. I think we all know that life can throw surprises our way, and sometimes we must use the resources that are there. But let's talk through this scenario before making any decisions...

Weekly Commentary - U.S Economy Outlook Continues to Brighten

Weekly Commentary - U.S Economy Outlook Continues to Brighten

Brought to you by LPL Research through the Weekly Market Commentary. (Jeffrey Roach, Chief Economist and Jeffrey Buchbinder, Chief Equity Strategist.)When we wrote the annual outlook last November, the data was mixed. Some metrics hinted at emerging cracks in the economy while others suggested the growth trajectory in capital markets and the economy had legs. So, the variety of the data produced the narrative that business activity in the New Year would grow on an annual basis but experience some bumps in the first half of the year. Now, enter the revisions.

Consolidate Your Situation

Consolidate Your Situation

If any of our listeners find themselves feeling “lost” in their finances, I think this episode should help. We all know that life can get really overwhelming at times, especially when it comes to finances. Job transitions, bank changes, ex-financial advisors, uncashed checks, unclaimed property... These things over time can certainly cause that “brain fog” we all know about. The first step in consolidating your financial situation is just becoming aware of what’s out there.

Impulsive Purchases

Impulsive Purchases

For regular listeners of Fast & Finance, you know that I talk about budgeting A LOT... some may even be sick of hearing about it by now, but it’s necessary! SO many people struggle with impulsive purchases today, and with how easy online shopping & checking out has gotten, there’s no wonder. However, there ARE some ways to help stop yourself from impulsively checking out your cart.

Watch These Risks..

Watch These Risks..

You spend decades of your life investing and accumulating your hard-earned money. Wouldn’t you want to ensure that your nest egg is built well enough to withstand certain inevitable risks within the market? Market risk, or systematic risk, is inherent to the entire market. Textbook definition is something like, a change or decrease in the value of investments due to uncontrollable market factors.

Know Your Advisor

Know Your Advisor

I’ve mentioned in previous episodes, financial advisors can be of great benefit to ANYONE – not just the high to ultra-high net worth individuals. There are plenty of transparent, honorable financial advisors out there without high account minimums. Now that we have that established and clear – For those who have financial advisors now or any sort of financial professional assisting you with your situation... How well do you feel that you know them? Do they know you?

Weekly Commentary - Lessons Learned in 2023

Weekly Commentary - Lessons Learned in 2023

Brought to you by LPL Research - To say 2023 was challenging may be an understatement. While stocks had a surprisingly impressive year, there was no shortage of obstacles for investors to overcome, including historic interest rate volatility, recession risk, banking sector turmoil, and a game of monetary policy chicken played between the markets and the Federal Reserve (Fed).