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

KPP Financial, Independent Thinking, shared success.

And now today's podcast.

Good afternoon everybody and welcome to the June 14th edition of Vestalk I'm Steve Peasley and I come to this desk every weekday because I'm firmly committed to bringing you informed insight on the financial news of the day.

And of course I want to offer Invest Talk listeners my investing guidance if I can, which I have developed over 30 years, you know, market analyze,

being in the market and trying to understand the economy and how it works, what drives stocks, when does the stocks drive up and down,

how does it reflect against the economic cycle, the stock market cycle is different than economic cycle.

So, but you know, make the show interesting, I need your participation, I need your questions.

And so the line, the initial line is always open, 888-99 chart.

Yesterday the big news of course was the interest rate height by the Federal Reserve.

So foreign costs will increase for consumers.

It's going to go up. But this ratio is not all bad. Some folks

will benefit, you know, lies. Some. I'll explain that coming up in a bit. But first let's get to the one

let's get to one of the questions that someone asked before the show. You've

heard me say time and time again it's the listener is open 24 hours a day,

seven days a week, and as proof I offer a call that came in early at 888-99

chart.

Hi Stephen Justin, I'm actually calling on behalf of my father.

He's 64 years old and still working and he plans on working until about 70 and he's in pretty good health so I think he should be able to do so.

He actually has no retirement accounts currently and the more I learn on your guys's show the more I

think he needs some help so my question is what should he do with about a

hundred thousand dollars that he has just sitting in a bank account. I know he could contribute up to

...