03-03-20: Could the Coronavirus Outbreak be the 'Biggest Danger' for the Global Economy Since the Financial Crisis of 2008?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 March 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Some analysts are predicting the downside-risk scenario will be sharper and more prolonged.
Today's Stocks & Topics: Diversification, TSLA - Tesla Inc., QQQ - Invesco QQQ Trust Series I, XOM - Exxon Mobil Corp., Interest Rates, Research Platform, VWAHX - Vanguard High-Yield Tax-Exempt Fund Investor, Market Hedges, SFM - Sprouts Farmers Market Inc., I-R-A Accounts, V - Visa Inc. Cl A, TTD - Trade Desk Inc. Cl A.
TRIVIA QUESTION: "Historically speaking, following market SELL OFFS, when does the market show positive returns? How soon?"
Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me * Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai * Check out Progressive: https://www.progressive.com * Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com * Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com * Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com * Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com Advertising Inquiries: https://redcircle.com/brandsTranscript
Click on a timestamp to play from that location
| 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 Tuesday March 3rd |
| 0:25.8 | 2020 and of course you know that we the market is still reeling from the |
| 0:31.5 | coronavirus fear and notice it's not the virus that's a problem |
| 0:35.5 | it's the fear of the virus is the problem. |
| 0:37.6 | Remember our economy is driven by the consumer and there's hardly anybody sick. It's going to spread. We all know that. But the |
| 0:46.4 | consumer not spending is where the damage is going to be done to our economy, not the |
| 0:51.6 | virus. Virus is no more or less dangerous than the bad flu. |
| 0:56.8 | We don't care, seem to care about the flu. |
| 0:59.5 | So that's what the problem is, is the fear of the coronavirus. And so try to calm down. You know, it's not that big of a deal. |
| 1:08.0 | Yes, I know people are going to say, well, it's spreading around the world, it's causing people to die. |
| 1:13.1 | Well, the flu, I got stats on that later and I'll share them with you. |
| 1:17.3 | But it's miniscule compared to the flu, miniscule, still. And it probably will remain that way for some time maybe for a couple |
| 1:27.4 | three years remember the coronavirus is like any other virus it's not going to go away |
| 1:38.1 | you know it's just it's not going to go away. You know, it's just going to spread and, you know, most, did you notice that young kids don't get really sick? They're not dying at all. It's people with compromise systems that are |
| 1:47.0 | the ones who die. Anyways, obviously the coronavirus is on the top of the news for everybody and even though I think it should slowly |
| 1:56.4 | filter off and not be so important, but it is causing volatility and how you deal with volatility is very important. |
| 2:05.0 | And so hopefully I can give you some strategies about that. |
| 2:08.7 | And hopefully we can still reach, with these strategies, hopefully we'll still reach our financial freedom goal. |
| 2:14.0 | You know, this is a one-time thing, people, it will subside, but it's how much damage the fear |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

