Tag: episode_1614

PREMIUM: VITRANO

October 9, 2019

GROWTH PROTECTION

Growth stocks with downside protection from the award-winning growth fund manager, Margaret Vitrano.

WEALTHTRACK Episode #1615; Originally Broadcast on October 11, 2019

[learn_more caption=”CLICK HERE TO LEARN MORE”] A core strategy of Great Investor Hersh Cohen over the fifty years he has been investing in high quality, dividend growing companies. Here is his latest “Dividend Compounders” list. [.pdf]

Hersh Cohen from the WEALTHTRACK Archives:

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MARGARET VITRANO

  • Co-Portfolio Manager,,
  • ClearBridge Large Cap Growth Fund
Consuelo Mack

The economy and markets are facing multiple headwinds. According to Strategas Research Partners we are now in the longest and slowest U.S. expansion ever, more than 120 months duration, and still going from the economy’s 2009 trough. But the cumulative real growth of the economy, that’s excluding inflation, is far below other post World War II recoveries.

That growth is now being challenged on several fronts: trade tensions with China, political uncertainty here with the impeachment inquiry and next year’s election,  Brexit, slowdown in Europe and China, Hong Kong’s unrest, Iran’s alleged attack on Saudi Arabia’s oil facilities, missile firings by North Korea and now Turkey’s attack on Kurdish fighters in Northern Syria. Are these enough to derail the U.S. economy and the record breaking bull market in large cap stocks?

In a slow growth world growth commands a premium. As we have covered extensively on past WEALTHTRACKs, large cap growth stocks, particularly the largest U.S. ones known as mega caps have dominated market performance, revenues and earnings over the last decade with a few short-lived challenges from value stocks. Will they continue to do so?

This week’s guest is a newcomer to WEALTHTRACK, but not to the investment business. She is Margaret Vitrano, Co-Portfolio Manager of the high performing ClearBridge Large Cap Growth Fund since 2012. The $14.7 billion fund has earned a Bronze Medalist analyst rating from Morningstar for its “well- balanced growth portfolio” which has beaten the vast majority of its large cap peers over the years. The fund was also one of Investor’s Business Daily’s Best Mutual Funds Awards winners in 2018 for topping the S&P 500 over the prior 3, 5 and 10 year periods.

Vitrano and her Co-Portfolio Manager Peter Bourbeau also oversee ClearBridge’s All Cap Growth Strategies along with Large Cap Growth which add up to nearly $50 billion under management.

Of particular interest is the teams “three bucket” approach strategy to large cap growth which Vitrano believes has protected their portfolios in down markets. She will also discuss their treatment of the FAANGs in their portfolios and why they are currently overweighting Facebook.

As always, if you miss the show on public television, you can watch it on our website. If you would prefer to take WEALTHTRACK with you on your commute or travels, you can find the WEALTHTRACK podcast on TuneInStitcher and SoundCloud, as well as iTunes and Spotify. In this week’s web EXTRA feature Vitrano discusses her mentoring program at ClearBridge to recruit more women into the investment business.

Thank you for spending your precious time with us. Have a super Columbus Day holiday and make the week ahead a profitable and a productive one.

Best regards,

Consuelo
Mathews Asia

OWN SOME DIVIDEND GROWTH COMPANIES

  • Financially healthy
  • More defensive in nature
  • Provide reliable income
  • Compounding power if dividends reinvested

MORNINGSTAR ANALYST FAVORITES

    Vanguard Dividend Growth Fund

  • Recently reopened to new investors
  • Rated 5-star Gold by Morningstar
  • Same manager since 2006
  • Beaten market with lower volatility

Vanguard Dividend Appreciation ETF

  • Gold Medal Analyst rating by Morningstar
  • Symbol VIG

No Bookshelf titles this week.

LONG-TERM COMPOUNDER
Visa Inc (V)
V Chart

V data by YCharts

Oracle Corporation (ORCL)
ORCL Chart

ORCL data by YCharts

Comcast Corporation (CMCSA)
CMCSA Chart

CMCSA data by YCharts

UnitedHealth Group Inc (UNH)
UNH Chart

UNH data by YCharts

Walt Disney Co (DIS)
TGT Chart

TGT data by YCharts

Target Corporation (TGT)
TGT Chart

TGT data by YCharts

American Express Company (AXP)
AXP Chart

AXP data by YCharts

Advance Auto Parts, Inc. (AAP)
FB Chart

FB data by YCharts

Facebook, Inc. (FB)
FB Chart

FB data by YCharts

Amazon.com, Inc. (AMZN)
AMZN Chart

AMZN data by YCharts

Visa Inc (V)
V Chart

V data by YCharts


This transcript will be available soon. More information regarding WEALTHTRACK transcripts can be found here

This is Margaret Vitrono’s first appearance on WEALTHTRACK

NEXT GENERATION MENTORING

ClearBridge Investments’ Margaret Vitrano is a top-performing portfolio manager in an industry still dominated by men. She and her Large Cap Growth team have a program to change that.
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AVOIDING COSTLY MEDICARE MISTAKES WITH MEDICARE EXPERT DR. KATY VOTAVA

October 4, 2019

Medicare is a benefit that can’t start soon enough for many older adults. Health care costs are skyrocketing and they hit seniors particularly hard because many are on a fixed income and they utilize health care more.

But Medicare is not a slam dunk, anything but. Continue Reading »

PREMIUM: VOTAVA

October 2, 2019

AVOIDING COSTLY MEDICARE MISTAKES

It’s estimated that 95% of seniors are paying too much for Medicare coverage.  Today, men and women who retire at 65 can anticipate living another 25, 30 or even 40 years – all of those years receiving Medicare benefits and contributing to them.  On this week’s WEALTHTRACK, healthcare expert Katy Votava, president of Goodcare.com and author of Making The Most Of Medicare: A Guide For Baby Boomers explains what you need to know to maximize those benefits and avoid overpaying.

WEALTHTRACK Episode #1614; Originally Broadcast on October 04, 2019

[learn_more caption=”CLICK HERE TO LEARN MORE ABOUT MEDICARE”] Medicare.gov – The official U.S. Government site for Medicare
1-800-MEDICARE

Shiptacenter.org – The State Health Insurance Assistance Program (SHIP) site that directs consumers to free Medicare counseling and assistance

[/learn_more] Especially for WEALTHTRACK viewers, Katy Votava is offering a 25% discount on purchases of her ebook Making the Most of Medicare: A Guide for Baby Boomers. See the BOOKSHELF section below for details

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KATY VOTAVA

Consuelo MackThe proverbial wall of worry that the market is supposed to climb is getting higher. This week in the U.S. we saw very weak manufacturing numbers and some softness showing up in the services sector. Trade tensions continue unresolved and the markets are being roiled by every real or imagined shift. The markets are off to a weak start for the fourth quarter. China’s economy is slowing. Consumer spending in Europe is up but Brexit and trade problems are taking their toll. The geopolitical atmosphere is charged with North Korean missile firings, more Hong Kong demonstrations and crackdowns and of course Congress’ impeachment inquiry moving full steam ahead.

Despite these developments, Wall Street’s number one-ranked economist for 35+ years remains optimistic. Ed Hyman’s Evercore ISI’s last headline today was “U.S. Economy Still OK.” Hyman cited a still rising consumer confidence measure which “suggests that employment is still OK,” despite the General Motors’ strike which should hit September’s employment report due out Friday morning. His firm’s proprietary housing surveys show home prices holding steady and money supply accelerating +6% year over year which he reads as a positive sign for the U.S. economy.

This week we are focusing on one of life’s certainties. As soon as you turn 65 you are eligible for Medicare. It is a benefit that can’t start soon enough for many older adults. Health care costs are skyrocketing and they hit seniors particularly hard because many are on a fixed income and they utilize health care more.

But Medicare is not a slam dunk, anything but.  It is a very complex, confusing multipart program that requires work to understand. And its benefits can vary widely depending upon how and when you apply, where you live, and what plans you enroll in.  And as your health changes, it can either help you or hurt you. You need to know how to make it work for you.

A shocking statistic from Medicare guru Katy Votava is that “nearly 95% of people pay too much for their Medicare coverage… because they do not completely understand the full costs they will pay in addition to the premiums.”  With Medicare, the devil is in the details which is why we have asked benefits guru Votava to return to WEALTHTRACK and bring us up to speed.

Katy Votava is founder and president of goodcare.com, a healthcare consulting firm for individuals, small businesses and financial planners. She is a registered nurse with a Ph.D in health economics and nursing. She’s also a columnist for Investment News and the author of Making the Most of Medicare: A Guide for Baby Boomers, now in its 6th edition.

Especially for WEALTHTRACK viewers, Votava is offering a 20% discount on this valuable guide.  You can click here to purchase it. Just be sure to enter the discount code FA20.

We covered a lot of information about Medicare this week so be prepared to take notes. I started our discussion by asking about a big change occurring next year. Higher-income seniors are in for some sticker shock in 2020.

If you are unable to join us for the show on television, you can watch it on our website over the weekend.  If you would prefer to take WEALTHTRACK with you on your commute or travels, you can find the WEALTHTRACK podcast on TuneInStitcher and SoundCloud, as well as iTunes and Spotify

If you haven’t had a chance to do so, we would very much appreciate if you could participate in the anonymous survey   that you’ll find on the website, too.

Thank you for watching.  Have a lovely weekend and make the week ahead a profitable and a productive one.

Best regards,

Consuelo
Mathews Asia

READ KATY VOTAVA’S BOOK – MAKING THE MOST OF MEDICARE: A GUIDE FOR BABY BOOMERS

Making the Most of Medicare: A Guide for Baby Boomers


Especially for WEALTHTRACK viewers, Katy Votava is offering a 25% discount on purchases of her ebook Making the Most of Medicare: A Guide for Baby Boomers.
Purchase here enter the discount code FA20


TAX-FREE WITHDRAWALS

  • Consider Roth accounts for 401(k) or IRA
  • Tax-free withdrawals
  • Not included in adjusted gross income calculations
  • Source of cash flow in retirement

No stock mentions in this episode.
This transcript will be available soon. More information regarding WEALTHTRACK transcripts can be found here

Katy Votava from the WEALTHTRACK Archives:

If the archive episodes do not appear here, please turn off, or whitelist this site, in your ad blocker extension.

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