The Journey to Investing and Financial Wellness, with Phil Pearlman

Phil Pearlman joins the Investopedia Express this week to talk about the importance of harmonizing our financial health with our emotional and physical wellbeing, and the path to getting there. Plus, there are plenty of sectors and stocks breaking out to 52-week highs despite a pretty range-bound market. We name names and get you ready for this week's big labor market reports that will weigh heavily on future rate hikes.

Meet Phil Pearlman

Dr. Phil Pearlman is the founder of The Pearl Institute, a business venture dedicated to inspiring resilience, fitness, and joy via long-term personal health planning and performance training. He is the author of the Prime Cuts Newsletter, which focuses on cultivating a healthy lifestyle, mindset, and identity through the powers of creativity, reinvention, and grit.

Earlier in his career, Phil served as CBO and CMO at Osprey Funds, EVP at Bank OZK, Executive Editor at Stocktwits, and Interactive Editor at Yahoo Finance. Phil earned a doctorate in clinical psychology from Argosy University.

What's in This Episode?

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Term of the Week: Goodwill

This week's term comes to us from Rushana Wiederhull, who sent us an email suggesting 'goodwill' for this week's term. And we like that term because it shows up in mergers and acquisitions news all the time. According to my favorite website, goodwill is an intangible asset that is associated with the purchase of one company by another. It represents value that can give the acquiring company a competitive advantage.

Specifically, a goodwill definition is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process. The value of a company’s name, brand reputation, loyal customer base, solid customer service, good employee relations, and proprietary technology represent aspects of goodwill. This value is why one company may pay a premium for another.

But we also sometimes see what is known as goodwill impairment. Impairment of an asset occurs when the market value of the asset drops below its historical cost. This can occur as a result on an adverse event, such as declining cash flows, increase in the competitive environment, or an economic depression, among many other reasons.

Good suggestion, Rushana!

Links for Show Notes

• Prime Cuts Newsletter | Substack
• Jurrien Timmer on Twitter (@TimmerFidelity)
• What to Expect in the Markets Next Week
• 52-Week Highs and Lows - U.S. Exchanges
• Goodwill: What It Is, How It Works, How to Calculate