01-22-20: In 2020, Should Investors Stay On The Sidelines And Hold Cash?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 23 January 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
A billionaire investor thinks a recession is unlikely this year and that investors should look beyond the coming presidential election.
Today's Stocks & Topics: Social Security, Class Action Lawsuits, Super Bowl Tickets, WEN - Wendy's Co., Housing Market, OXY - Occidental Petroleum Corp., Savings Account, SCHO - Schwab Short-Term U.S. Treasury ETF, XOM - Exxon Mobil Corp., 5G, FIVG - Defiance Next Gen Connectivity ETF, ADES - Advanced Emissions Solutions Inc., Credit Card Balances, SECURE Act.
TRIVIA QUESTION: "In which year was the FIRST United States BANK created-- and WHAT would the value of $10 million--- from the time when George Washington was President-- be worth today... after adjusting for inflation?"
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to invest talk it is Wednesday January 22nd |
| 0:26.2 | 2020 and that means it's 14 days into the trading year we've already seen some |
| 0:32.2 | volatility a lot of it up, the last couple |
| 0:34.4 | of days not so good. They had a big swing up today, but then it gave it all back at the end of the |
| 0:38.2 | day. So the market is starting to show some signs of hesitation, which is not a bad thing everybody. |
| 0:45.7 | You don't want it to go completely on direction. |
| 0:48.6 | That is a big mistake. |
| 0:50.9 | Like to see some choppiness. It helps, helps maintain the rally is what it helps. |
| 0:56.2 | Anyways, Justin I have committed to helping you. We do this show for that very reason. |
| 1:01.8 | We spend a good deal of time on how to talk discussing |
| 1:06.6 | investment strategies or aligning your risk tolerance with your objectives and you know understanding you know as you get older |
| 1:16.0 | you got to get more conservative unless you have tons of money and you can still be |
| 1:20.8 | aggressive or you just plan on working and you don't need to be |
| 1:24.6 | conserved. It depends. It's the everybody's different and all this stuff, all this |
| 1:29.2 | discussion is to help you become independently wealthy. |
| 1:34.0 | It's just simple as that, to meet your goals. |
| 1:37.0 | And to do that, me, my money at KPP Financial, |
| 1:42.0 | my personal money, it rides right along with yours. We call it parallel |
| 1:46.0 | investing, so we all do poorly or well together. I buy the exact same thing for my clients as I do for myself and all the |
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