Episodes

Friday Apr 17, 2020
"What is a depression and what causes it?"
Friday Apr 17, 2020
Friday Apr 17, 2020
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Friday Apr 10, 2020

Friday Apr 03, 2020
"Why I reeeeeeally don't like annuities!"
Friday Apr 03, 2020
Friday Apr 03, 2020
stonehillwealthmanagment.com

Friday Mar 27, 2020
"How to make good investment decisions"
Friday Mar 27, 2020
Friday Mar 27, 2020
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Host: Phillip Washington, Jr.

Friday Mar 20, 2020
"Navigating risk in this market"
Friday Mar 20, 2020
Friday Mar 20, 2020
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Host: Phillip Washington, Jr.

Monday Mar 16, 2020
"Managing a portfolio through a crisis"
Monday Mar 16, 2020
Monday Mar 16, 2020
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Host: Phillip Washington, Jr.

Thursday Mar 05, 2020
"How do I know when to buy or sell my investments?"
Thursday Mar 05, 2020
Thursday Mar 05, 2020
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Host: Phillip Washington, Jr.

Friday Feb 28, 2020
"Should I get out of the stock market because of coronavirus?"
Friday Feb 28, 2020
Friday Feb 28, 2020
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Host: Phillip Washington, Jr.

Saturday Feb 22, 2020
"Commons questions around planning for retirement"
Saturday Feb 22, 2020
Saturday Feb 22, 2020
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Host: Phillip Washington, Jr.

Wednesday Feb 12, 2020
"A $2.7 million dollar mistake"
Wednesday Feb 12, 2020
Wednesday Feb 12, 2020
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Host: Phillip Washington, Jr.

Friday Feb 07, 2020
"What are reasons people don't reach their financial goals?"
Friday Feb 07, 2020
Friday Feb 07, 2020
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Host: Phillip Washington, Jr.

Thursday Feb 06, 2020
"What does an energy engineers do?"
Thursday Feb 06, 2020
Thursday Feb 06, 2020
Guest today: Nicholas Kendall, Energy Engineer
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Host: Phillip Washington, Jr.

Wednesday Feb 05, 2020
"The new rules of the job market"
Wednesday Feb 05, 2020
Wednesday Feb 05, 2020
Guest today: Managing Partner Paul Matthews and Search Executive Allegra Bynoe Lucas Group
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Host: Phillip Washington, Jr.

Tuesday Feb 04, 2020
"Why is it so hard to keep a budget?"
Tuesday Feb 04, 2020
Tuesday Feb 04, 2020
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Host: Phillip Washington, Jr.

Tuesday Feb 04, 2020
"The Profit Margin Savings Strategy"
Tuesday Feb 04, 2020
Tuesday Feb 04, 2020
Guest today: Alison Reiff-Martin CPA Owner of Reiff-Martin Accounting
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Host: Phillip Washington, Jr.

Thursday Jan 30, 2020
"How do I buy an office or industrial building?"
Thursday Jan 30, 2020
Thursday Jan 30, 2020
Guest today: Cody Payne, SVP Colliers International
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Host: Phillip Washington, Jr.

Wednesday Jan 29, 2020
"Building a wall of protection around your money"
Wednesday Jan 29, 2020
Wednesday Jan 29, 2020
Guest today: Sean Tate Founder, Tate Legal Consultants
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Host: Phillip Washington, Jr.

Monday Jan 27, 2020
"The 3P Theory...People, Planet, & Profit"
Monday Jan 27, 2020
Monday Jan 27, 2020
Guest today: Mike Brown Host of "The 3P Theory Podcast"
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Host: Phillip Washington, Jr.

Monday Jan 27, 2020
"Finding your niche"
Monday Jan 27, 2020
Monday Jan 27, 2020
Guest today: Terrence Maiden CEO Russell Glen
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Host: Phillip Washington, Jr.

Friday Jan 24, 2020
"The 20 percent rule for stock options and alternative investments"
Friday Jan 24, 2020
Friday Jan 24, 2020
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Host: Phillip Washington, Jr.

Thursday Jan 23, 2020
"One of the most valuable and underutilized retirement planning strategies"
Thursday Jan 23, 2020
Thursday Jan 23, 2020
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Host: Phillip Washington, Jr.

Wednesday Jan 22, 2020
"How do I flip, rent, or wholesale real estate?"
Wednesday Jan 22, 2020
Wednesday Jan 22, 2020
Guest today:B. Octavius Fair (Author of F.L.I.P.)
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Host: Phillip Washington, Jr.

Tuesday Jan 21, 2020
"WINGS: Empowering women, fighting poverty, and impacting future generations"
Tuesday Jan 21, 2020
Tuesday Jan 21, 2020
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Host: Phillip Washington, Jr.

Monday Jan 20, 2020
"How to offer health insurance to your employees without breaking the bank"
Monday Jan 20, 2020
Monday Jan 20, 2020
Guest today:David Willey (Employee Benefits Broker)
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Host: Phillip Washington, Jr.

Thursday Jan 16, 2020
"What does a 401(k) investment committee do?"
Thursday Jan 16, 2020
Thursday Jan 16, 2020
Guest today: Vicki Blanton, ERISA Law Expert
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Host: Phillip Washington, Jr.

Wednesday Jan 15, 2020
"One of the best investments for retirement"
Wednesday Jan 15, 2020
Wednesday Jan 15, 2020
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Monday Jan 13, 2020
"Smart practices for 401(k) investment committees"
Monday Jan 13, 2020
Monday Jan 13, 2020
Guest today: Chris Nemeth, Law Partner at McDermott, Will, and Emery
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Friday Jan 10, 2020
Episode 214: "You have to train and develop your people in the new economy"
Friday Jan 10, 2020
Friday Jan 10, 2020
Guest today: Lori Williams, President/CEO of the Mansfield Chamber of Commerce
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Thursday Jan 09, 2020
Episode 213: "Make this the year you get serious about LinkedIn"
Thursday Jan 09, 2020
Thursday Jan 09, 2020
Guest today: Leah Frazier, CEO of Think Three Media
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Wednesday Jan 08, 2020
Episode 212: "Top questions from business owners about 401(k)s"
Wednesday Jan 08, 2020
Wednesday Jan 08, 2020
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Tuesday Jan 07, 2020
Tuesday Jan 07, 2020
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Friday Jan 03, 2020
Retirement Investing Episode 9: "Are annuities a good investment?"
Friday Jan 03, 2020
Friday Jan 03, 2020
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Thursday Jan 02, 2020
Retirement Investing Episode 8: "Don't put all of your eggs into one basket"
Thursday Jan 02, 2020
Thursday Jan 02, 2020
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Wednesday Dec 18, 2019
Retirement Investing Episode 7: "Let your money work for you"
Wednesday Dec 18, 2019
Wednesday Dec 18, 2019
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Monday Dec 16, 2019
Retirement Investing Episode 6: "Budgeting doesn't work"
Monday Dec 16, 2019
Monday Dec 16, 2019
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Thursday Dec 12, 2019
Episode 211: "End of year tax tips with Yolanda Frazier-Gills, CPA"
Thursday Dec 12, 2019
Thursday Dec 12, 2019
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Tuesday Dec 10, 2019
Retirement Investing Episode 5: "Save something out of every paycheck"
Tuesday Dec 10, 2019
Tuesday Dec 10, 2019
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Monday Dec 02, 2019
Retirement Investing Episode 4: "My portfolio management process"
Monday Dec 02, 2019
Monday Dec 02, 2019
Investing principles that guide our decision making process: "Asset allocation is the major driver of returns"
An entire book can be written on all the major asset classes, but to avoid nerding out on you, let’s stick to the major stock asset classes used by the research company Morningstar that many financial advisors and institutional investors use to analyze portfolios, plus bonds and a few specialty asset classes.
Major stock asset classes (Click on asset class to link out to the Investopedia definition)
Size:
Large-Cap
Mid-cap
Small-cap
Style:
Value
Blend
Growth
Bonds: Interest rate sensitivity
Limited
Moderate
Extensive
Bonds: Credit quality (like credit score)
High
Medium
Low
Specialty:
Precious metals
Commodities
The economic environment is the major driver of which assets outperform and under-perform.
I’m going to simplify the economic environments as well:
The global economy is expanding and inflation is falling.
The global economy is expanding and inflation is rising.
The global economy is in recession.
Keep in mind that many times (if not most of the time) different economies are in recession and/or expanding at different times.
If you really want to get fancy, you can build a portfolio placing micro bets on different economies. However, there’s also a major global trend you can build your portfolio around as well and also do well overtime.
The global economic trend is the trend I like to focus on and what I’m referencing in this post.
Here are the asset classes that tend to do relatively well in each economic environment:
The global economy is expanding and inflation is falling:
Large-cap stocks
Growth stocks
Bonds
Credit quality: High
Interest rate sensitivity: Extensive
The global economy is expanding and inflation is rising:
Small-cap stocks
Value stocks
Precious metals
Commodities
The global economy is in recession:
Bonds
Credit quality: High
Interest rate sensitivity: Extensive, Moderate, and Limited
If Asset allocation is the major driver of returns, and the economic environment is the major driver of which assets outperform and under-perform, then understanding how to determine the economic trend is EXTREMELY important in investment process for Stone Hill Wealth Management.
How to determine the economic trend (not predict it) that's mostly an art, but here are the 4 core things I analyze that have the most impact on determining the trend:
Global trade trend
Valuations
Central bank policy
How different asset classes are moving relative to each other
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Saturday Nov 23, 2019
Saturday Nov 23, 2019
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During college football season, people always ask me, "Phillip, why do you like Alabama Football? You didn't even go there and you're from Texas."
Well the truth is, I don't really like Alabama football. I like Nick Saban. He is a process guy like me. The success of his team has less to do with his superior player selection. His success comes from his process.
He has designed a simple, consistent process that allows his teams to be a championship contender year in and year out. He did the same when he was at LSU.
You see the same thing in investing. The best investors are not great stock pickers.
They are the best at sticking to their well thought out and evidence based process.
Principle 1) Asset allocation is the major driver of returns
Definition: How much money you put into different asset classes
Principle 2) The economic environment is the major driver of which assets out-perform and under-perform
Economic expansion
Economic recession
Rising inflation
Falling inflation
Principle 3) Lower cost funds tend to outperform higher cost funds over time
I don’t necessarily look for the lowest cost fund, just the funds that score relatively low that also scores well on all of my other criteria.
Principle 4) Low tracking error is important when selecting funds that track an index
I don’t necessarily look for the lowest tracking error fund, just the funds that score relatively low that also scores well on all of my other criteria.
Principle 5) A culture of stewardship is more important that rules and regulations
You can tell a lot more about a fund company (or stock) by watching, listening, and/or speaking to the leaders and employees. You can fake numbers. You can’t fake a culture of stewardship (putting the needs of the people you serve ahead of your own).
Principle 6) There is no such thing as a “safe” investment therefore, diversification is one of the best risk management strategies to implement when looking to grow and protect your wealth.
Principle 7) Patience is a required character trait of successful investors
How do I use these principles to create portfolios?
Here are the steps I use:
Create a financial plan and/or an Investment Policy Statement based on my clients’ goals, timeframe and objectives.
Use fundamental, economic, and technical analysis to determine which economic environment we are currently in (no need to predict the future) which allows me to know which asset classes I would like to invest more money into and/or less money into.
Select a diversified group of investment funds that invest in the asset classes I need to build the portfolio that are low cost with low tracking error from a company with a culture of stewardship.
Encourage and advise my clients to be patient. I have yet to meet anyone who has built long-term wealth overnight.
There are a lot of systems and moving parts behind the scenes that go into building and managing this process, but it’s as simple (not easy) as it sounds.
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Thursday Nov 14, 2019
Retirement Investing Episode 2: "Big myths about 401(k) plans"
Thursday Nov 14, 2019
Thursday Nov 14, 2019
This episode is brought to you by Stone Hill 401(k), a service offered by Stone Hill Wealth Management.

Tuesday Nov 12, 2019
Episode 210: "Recruiting and retaining millennials"
Tuesday Nov 12, 2019
Tuesday Nov 12, 2019
You have two options as a business when it comes to dealing with millennials:
1) Complain about not understanding them and how spoiled they are.
2) Understand what they want and how to give it to them to attract and retain the best and brightest of their generation and win in business.
That's it.
My guest, Rhlonda Washington owner of Double R Consulting, and I discuss how to recruit and retain this new generation.
Let me know what you think!
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Wednesday Nov 06, 2019
Retirement Investing Episode 1: "What is a Roth 401(k)?"
Wednesday Nov 06, 2019
Wednesday Nov 06, 2019
This episode is brought to you by Stone Hill 401(k), a service offered by Stone Hill Wealth Management.

Wednesday Oct 30, 2019
Episode 209: "What do I do when the markets are so choppy?"
Wednesday Oct 30, 2019
Wednesday Oct 30, 2019
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Monday Oct 21, 2019
Episode 208: "What is a wealth manager?"
Monday Oct 21, 2019
Monday Oct 21, 2019
This episode is brought to you by Stone Hill Wealth Management.

Wednesday Oct 09, 2019
Episode 207: "Is it a good idea to invest in my company 401(k)?"
Wednesday Oct 09, 2019
Wednesday Oct 09, 2019
This episode is brought to you by Stone Hill Wealth Management.

Tuesday Oct 01, 2019
Episode 206: "Myth #248 Education leads to wealth"
Tuesday Oct 01, 2019
Tuesday Oct 01, 2019
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Tuesday Sep 24, 2019
Episode 205: "Why I sold my Bitcoin trust investment?"
Tuesday Sep 24, 2019
Tuesday Sep 24, 2019
This episode is brought to you by Stone Hill Wealth Management.

Friday Sep 20, 2019
Episode 204: "What to do if you all of a sudden come into a lot of money?"
Friday Sep 20, 2019
Friday Sep 20, 2019
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Friday Sep 13, 2019
Episode 203: "What types of stocks should I stay away from right now?"
Friday Sep 13, 2019
Friday Sep 13, 2019
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Wednesday Sep 11, 2019
Episode 202: "How to solve the U.S. Debt Crisis"
Wednesday Sep 11, 2019
Wednesday Sep 11, 2019
This episode is brought to you by Stone Hill Wealth Management.