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InvestTalk

03-05-20: 5 Questions To Ask Before You Refinance Your Mortgage

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 6 March 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Taking out a new home loan could cost you thousands of dollars in fees and making the wrong choices can significantly reduce your potential savings.

 

Today's Stocks & Topics: 401k, Interest Rates, Brands, Home Builders, FZROX - Fidelity ZERO Total Market Index Fund, XLE - Energy Select Sector SPDR ETF, XOM - Exxon Mobil Corp., Companies That Benefit From Coronavirus, GM - General Motors Co., DUK - Duke Energy Corp.,
BKNG - Booking Holdings Inc., VZ - Verizon Communications Inc., CVI - CVR Energy Inc.

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Transcript

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 fellow investors and welcome to Invest Talk. This is our March 5th

0:28.9

2020 edition of Invest Talk and obviously the coronavirus threat is still out there and still in the minds of the market and traders and

0:38.2

We had a pretty volatile day just like we had a volatile day yesterday and And yes, yesterday was a volatile day.

0:43.9

It was a big volatility cuts both ways.

0:50.4

And all this means is that uncertainty is very high and likely to continue.

0:57.0

Now over the past month of so we've had a great deal of volatility and you're probably feeling that volatility within your

1:07.3

portfolio within your strategy and the big question is, is that strategy right for you in this market?

1:18.0

And long term, right?

1:19.8

Because guess what, while this is somewhat unusual in its consistent level of fluctuation, the current drop from the highs is nothing in the grand scheme of things.

1:41.0

And in reality, this is closer to a normal market than we've seen

1:49.6

in a decade plus, right, since the financial crisis, since Central Banks

1:56.6

have become such an important part of keeping liquidity loose and

2:01.0

keeping markets calm, right?

2:05.0

You haven't really seen this level of volatility, very rarely.

2:10.0

And the problem here is that the consistent lack of volatility for so long

2:18.8

makes bouts like this not only feel worse, but I think it also makes the structure of the market

2:27.0

more susceptible to large sell-offs as well, right?

2:30.5

Because there's a lot more complacency a lot more strategies designed for a low volatility environment.

2:40.0

So the big question is your strategy now built for a volatile market, an up and down market.

...

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