Debt Downfall

Restrictions are beginning to lift during the pandemic, yet uncertainty still abounds, and people are searching for a sense of control. Brian Cochran of John Moore Associates discusses the perils of acquiring debt and keeping up with the Joneses, and how using God’s resources to honor him can bring more peace than any purchase can.

Any opinions are those of Brian Cochran, Jim Williams, or ABQ Connect, and are not and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. There is no guarantee that any statements, opinions or forecasts provided in the radio show will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Past performance does not guarantee future results. The information given is not a recommendation to buy or sell any individual security or any combination of securities mentioned.

Any opinions are those of Brian Cochran, Jim Williams, or ABQ Connect, and are not and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. There is no guarantee that any statements, opinions or forecasts provided in the radio show will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Past performance does not guarantee future results. The information given is not a recommendation to buy or sell any individual security or any combination of securities mentioned.

Investing in commodities is generally considered speculative because of the significant potential for investment loss. Their markets are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising.
Treasury Inflation-Protected Securities (TIPS) provide protection against inflation by adjusting their principal amount annually based on the Consumer Price Index (CPI) and then paying interest on that new amount. The principal amount is readjusted every year based on the prior year's CPI, meaning it can go down as well as up. When TIPS mature, the investor receives either the current principal value or the original amount invested in the TIPS bond, whichever is higher. TIPS offer the benefit of diversification as well as being a hedge against inflation. Their principal value is guaranteed by the U.S. government and they are highly liquid - they can be bought or sold before they mature. If sold prior to maturity an investor will receive the current market value, which may be more or less than the amount invested. TIPS will lose value in deflationary periods. They should be held only in nontaxable accounts such as an IRA because increases in the principal amount are considered taxable income in the year they occur even though the principal amount is not actually returned to the holder until maturity.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Raymond James Financial Services and your Raymond James Financial Advisors do not solicit or offer residential mortgage products and are unable to accept any residential mortgage loan applications or to offer or negotiate terms of any such loan. You will be referred to a qualified professional for your residential mortgage lending needs.

Raymond James is not affiliated with Jim Williams, ABQ Connect, Kingdom Advisors, or any of the other mentioned organizations in the radio show.