04-03-20: Entering Retirement In The Middle Of A Health And Financial Crisis
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 3 April 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
The idea of leaving the workforce now may seem reckless, how can you handle your money and emotions?
Today's Stocks & Topics: Oil Prices, Job Openings, PEP - PepsiCo Inc., Stimulus Package, SLV - iShares Silver Trust, FB - Facebook Inc. Cl A, Dividends, WRI - Weingarten Realty Investors, O - Realty Income Corp., Preferred Stocks.
TRIVIA QUESTION: "Today's economic shock-- the deliberate shutdown of the U.S. economy affects 330 million Americans-- but what was the U.S. population in 1929 during the time of the so-called "Great Depression?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.
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Transcript
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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 Friday April 3rd |
| 0:26.5 | 2020 and of course we still get a lot of volatility in the market |
| 0:31.0 | It's difficult so is there anyone who could have predicted that here on a business |
| 0:36.5 | and investment program that we would be forced to talk about the infectious disease every day? |
| 0:41.1 | I didn't think so. It's truly an unprecedented |
| 0:45.8 | situation. It's never happened for. Name me a time that we actually on purpose |
| 0:50.6 | shut down our economy. Never. Never. No one on purpose. Never. |
| 0:54.0 | No one on purpose. |
| 0:55.0 | And now we're going to try to re-reve it up at some point on purpose. |
| 0:59.0 | We've done that from recessions, but this is going to be a recession. |
| 1:05.0 | We're going to be in a recession, but we've never shut down an economy on purpose. |
| 1:09.0 | This is the first. |
| 1:10.0 | So how to re-group? I mean it wasn't a financial crisis like the last one in 2008. It wasn't like a dot-com crisis. |
| 1:19.5 | It wasn't like anything we've ever dealt before. That's all I'm saying. So it's pretty like anything we've ever dealt before that's all I'm saying so it's pretty new to all of us |
| 1:26.5 | so what can we do together to try to get through this historic situation we can that. Now the market has been totally shaped by |
| 1:36.8 | volatility and of course that means it's been a lot of uncertainty. That's what |
| 1:42.3 | volatility means when it shoots up and shoots down, |
| 1:45.2 | investors are not sure where we're supposed to go. Okay? Volatility, you know, we know that it crashed because we know we're going to go into recession. |
| 1:55.3 | So that's what happened. |
... |
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