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InvestTalk

06-01-2020: Why Investors Started Pouring Trillions Into Exchange-Traded Funds

InvestTalk

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

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

4.41.5K Ratings

🗓️ 1 June 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

In 2008, U.S. investors had around $530 billion in ETFs-- but that number today has grown to over $4 trillion.




Today's Stocks & Topics: WBA - Walgreens Boots Alliance Inc., China Consumers, Roth Conversions, Other Crisis, LMAT - LeMaitre Vascular Inc., Volume, BRG - Bluerock Residential Growth REIT Inc., W - Wayfair Inc. Cl A.



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Transcript

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0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.3

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 Monday, June 1st, 2020 edition of Invest Talk and I thank you for joining me on this Monday afternoon or whenever

0:37.1

you're listening to it and I come to you with you know a heavy heart with what is happening in our country you know I'd be

0:47.4

remiss if I didn't mention the the riots the social uprising that has come about after the horrific video of George Floyd being murdered on camera, and it's been it's been tough it's been a tough time for the

1:06.2

country and that was certainly a match you know that's the way I look at it you

1:12.1

know it's it's it You know, it's one of a long line of cases that

1:18.1

are tough for the minority communities to deal with in this country, understandably.

1:25.0

And it comes on the heels of really the way I look at is there's a lot of kindling here.

1:31.0

That this was a match to spark you had people cooped up in their

1:35.4

homes for months which from you know psychological standpoint that's very

1:40.0

difficult and then you have the COVID-19 crisis that has created economic problems for many people, but certainly most impacted are those of lower incomes, right, that work in the hospitality field.

2:00.0

And so the inner cities, the people who make less than the medium wage, they have been

2:10.5

affected more directly.

2:14.4

And that certainly weighs on this.

2:16.2

And then you add the record

2:20.6

divide between the wealthy and the poor, right? We're at levels pre- 1929, right? The highest really ever.

2:30.0

And a lot of that has to do with government policy.

2:35.0

So you add all these things together and you have the making of social uprising.

2:46.1

And now there's definitely some bad actors out there

2:48.6

that I definitely don't condone, you know,

...

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