17 Jan Tom Dupree Show, Saturday, January 6th
On Saturday, January 6th Mike Johnson hosted the Tom Dupree Show with Phillip Sexton and Kristy Maggard.
They opened the show by discussing the fact that the Dow Jones Industrial Average jumped past 25,000 for the first time on Thursday. And with that news and the new year, so many analysts are anxious to make their early year predictions for the market. “However, at Dupree Financial Group, we’re not in the business of making a prediction on what the market is going to do” Mike said. “What we do is analyze the companies that make up the market.”
Mike, Phillip, and Kristy shared and discussed the research philosophy and practice for Dupree Financial Group. Phillip explained that “because we don’t know what the market is going to do, we have to do our research on the companies that we invest in for our clients’ portfolios.” It is with research, that Dupree Financial Group hopes to reduce portfolio volatility by looking at the company’s cash flow, financial statements, talking with investor relations and the company’s history of dividends. Mike emphasized that research is critical to understanding the company and understanding the company is key to knowing what you, the client, owns. “The goal of our research is to be able to build an income producing portfolio for our clients,” added Phillip.
In the second half of the show, Mike and Phillip talked about indexes, sector concentrations, and the associated risks. They then talked about share prices and dividends and how they are independent of each other and do not always corelate.
They ended the show by discussing a recent article that talked about how some consumer staple companies like Proctor & Gamble, Unilever and Nestle might have some growth challenges in 2018. Mike and Kristy discussed possible challenges to their growth due to low inflation, consumer tastes shifts, trends changing and the rise of discounters and online shopping.
To listen to the full one hour show, visit www.dupreefinancial.com.
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