06-01-2020: Why Investors Started Pouring Trillions Into Exchange-Traded Funds
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K 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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