04-24-18: How To Protect Your 401(k) from Rising Interest Rates
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 23 August 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Rising interest rates can hurt bond prices, but long-term investors will ride out the blips.
Today's Stocks & Topics: Life Insurance as an Investment, Housing Numbers, Oil Supply, Ten Year Yield, GIS - General Mills Inc., Cash Certificate, CHCLX - AB Discovery Growth Fund, BAP - Credicorp Ltd., BK - Bank of New York Mellon Corp., MPW - Medical Properties Trust Inc., BXMT - Blackstone Mortgage Trust Inc. Cl A.
Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, KPP Financial, |
| 0:12.5 | Independent Thinking, Shared Success, and out to today's podcast. |
| 0:17.1 | Good afternoon everybody and welcome to the April 24th edition of our long-term goal. |
| 0:26.8 | Well of course it's financial independence, everybody's long-term goal I think is that. |
| 0:30.5 | Well everybody who doesn't inherit a lot of money, at least us working people do. |
| 0:35.7 | And as we keep telling you, it can be done, it really can. |
| 0:39.6 | You can achieve financial independence, it is not that hard. |
| 0:44.8 | It just takes discipline, it takes time, and you need a plan, you've got to have a plan, |
| 0:51.5 | it just doesn't happen, you know, oh I hope I get rich, that doesn't work people. |
| 0:57.2 | That doesn't work. |
| 0:59.4 | Anyways, so let's look on that together, it is very achievable for almost everybody. |
| 1:05.6 | And since we've chosen to hit our fortune to the stock market, today's kind of volatility can get your attention, can it? |
| 1:12.0 | Sure can. |
| 1:13.2 | But again, this is the kind of volatility is more normal, maybe not for 500 points, |
| 1:18.4 | but as the Dow industry, Dow index gets higher and higher, or for 500 points a day is not going to be that unusual. |
| 1:26.4 | It is a bit unusual now, but we should expect two, three hundred point days from the Dow. |
| 1:33.8 | So it also can be an opportunity these big swings. |
| 1:38.1 | It's got kind of pay attention, big down day to day, but had nothing to do with economics, or did it? |
| 1:45.5 | Did it have anything with politics? |
| 1:47.9 | Maybe, maybe not, but I'm going to tell you what I think happened today, why just all of a sudden today, it had a big down day. |
| 1:56.4 | But first, let's get to work answering questions from our anytime line, 88899 chart. |
| 2:01.2 | That's the number. |
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