Episode summary
Two Cents 5/23 - Rates Going Down?; Taking Advantage Of The Market?; Big IPOs Equal Big Returns?
The Dentist Money Show
· · 42 min · Hosts: Matt Mulcock, Jake, Lauren
Summary
The hosts argued that higher-for-longer rates may be more likely than widespread cuts, especially because inflation has ticked back up and the Fed is still holding its policy rate steady. They distinguished mortgage rates from the Fed funds rate, noting that mortgage rates are linked more closely to the 10-year Treasury and have moved above 6.5%, while practice loans for dentists remain relatively reasonable in the low-to-mid 5% range.
They also made the case that strong market returns should not tempt investors to sit on the sidelines. After several unusually strong years for US and international stocks, they emphasized that long-term equity gains are lumpy, not smooth, and that the way to benefit is to stay invested through both great years and bad ones. The hosts said the current environment is actually rewarding disciplined investors, even if it makes future corrections feel inevitable.
On IPOs, they pushed back on the idea that hyped offerings automatically mean easy money. Using SpaceX as the example, they said retail excitement often inflates expectations and that many IPOs underperform after the initial pop. Their broader point was that diversified, systematic investing is still the better path than chasing the next headline stock.
Key takeaways
- The hosts said market pricing implies a high chance of a Fed rate hike by December 2026, not a cut, because inflation has reaccelerated.
- Mortgage rates are still above 6.5%, but the hosts said practice-loan rates for dentists remain relatively attractive in the low-to-mid 5% range.
- Jake argued that the stock market’s big recent gains reinforce the need to stay invested because long-term returns are lumpy, not smooth.
- The hosts said IPO hype can distort expectations, and many new listings underperform the market after the initial excitement fades.
- They argued that diversified investors do not need to chase SpaceX or other headline IPOs to build wealth over time.
Notable quotes
“there's a 68% chance right now that we're actually going to hike rates as opposed to lower them”
“building wealth is like so simple. It's it's not very sexy at all”
“It's always a good time to invest”
“historically they underperform, which I think is kind of funny”
How the episode opens
On today's show, three questions. Number one, can you expect rates to go down? Number two, are you taking advantage of this market? And number three, do big IPOs mean big returns? — Consult an adviser or conduct your own due diligence when making financial decisions. General principles discussed during this program do not constitute personal advice. This program is furnished by Dennis Advisor, a registered investment adviser. Welcome to Dennis Money's Two Cents, where we help Dennis navigate all the noise. I'm Matt.
I'm Lauren. — And I'm Jake. — Yeah, you are, guys. Elephant in the room here. No, Robbie. — Robbie. Robbie. And so Robbie's So, uh, for those of you that don't know, Robbie is enjoying a foodie trip. Literally, that's all it is. He's He's on a foodie trip for real. Uh in China for like I think 10 days.
So cool. He's there. — Very fitting for him. — Very very fitting for him. — Uh he's he's only missed in the three or plus years we've been doing two cents. He's only missed a couple of shows from, you know, traveling or whatever. But here's what I do know. Every time he does, he's he listens. And he's told me he listens usually as he's going to bed. So we need to give Robbie a sweet dreams. I hope you sleep well.
Sweet dreams. Good night. Hope you're tucked in night. — Tuck. Hope you're tucked in and bellies full and we love you. So, — He really does. So, he's listening to this giggling cuz he literally is laying in bed. So, we love you, Robbie. Sleep well. Uh, okay. Uh, let's jump in. Uh, I'm going to do my best. Uh, I'm I'm batting lead off, guys. I'm not used to this.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- interest rates
- market timing
- long-term investing
- ipo hype
- market volatility
Companies and tickers mentioned
- SpaceX
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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The Dentist Money Show, this episode and its artwork belong to Dentist Advisors - Financial Planning and Investment Management. Octagon is not affiliated with the show; this page is an independent summary.
