05-13-2020: Opinion: Why Safe Dividend Stocks Could Help You Earn Solid Passive Income
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 13 May 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Some investors may be convinced that generating a passive income from stocks is too risky-- however, stocks with defensive characteristics may be worthy of consideration.
Today's Stocks & Topics: BAC - Bank of America Corp., DKNG - DraftKings Inc. Cl A, CCL - Carnival Corp., M - Macy's Inc., NUGT - Direxion Daily Gold Miners Index Bull 2X Shares, COTY - Coty Inc. Cl A, Earnings Report, MPW - Medical Properties Trust Inc., GS - Goldman Sachs Group Inc., China Stocks, Depression, If The Market Tumbles.
TRIVIA QUESTION: "How many OIL tankers are there in the world? And what is the approximate cost to build a NEW super tanker in 2020?"
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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 Wednesday, May 13, 2020. |
| 0:27.0 | And we saw some more volatility today, pretty big volatility in the last couple of days. Are you getting used to |
| 0:34.5 | five hundred the point swings in the Dow? Seems like every other day we got huge |
| 0:41.5 | swings in that doubt and it's just volatility. It's a lot but it's that's |
| 0:47.5 | what it is. Okay and what triggered it today? Well it was Fed Chairman Powell most likely because he was |
| 0:57.1 | talking about you know that it was going to be a tougher crawl to get back to |
| 1:02.2 | where we were economically than people think. |
| 1:05.8 | Or maybe it was the mayor of LA saying that the county of Orange, County Los Angeles which has like you know 10 million people |
| 1:17.6 | are going to be spending the entire summer in isolation. |
| 1:27.0 | He's not going to they're not going to open until July, through July, through July, through July, the words he used. I mean here, it's not even mid-May. So he's thinking all of June and most of July |
| 1:37.7 | all of the rest of May. See that that's I don't know people will put up with that. I really don't. I realize that there's the danger out there, but you know people have to live. They have to work. |
| 1:56.0 | So, you know, the problem of reopening of course is the uncertainty is involved in that. And, you know, I understand that. Boy, we got lots to talk about today anyways. |
| 2:01.0 | For investors, what happens when the stock market can in |
| 2:06.2 | large part determine your ability to achieve financial freedom? What happens in it? Because you |
| 2:11.8 | know you got your 401k's your other investments in there |
| 2:14.4 | so you'll have a pretty broad range of financial investment questions I'm sure and I |
| 2:20.1 | will do my best to answer them unbiasedly. |
| 2:24.3 | So you want strategies, you want some answers, |
| 2:27.2 | how to deal with this volatility? |
... |
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