06-20-18: $1 Million Isn't What It Used To Be
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 June 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
One expert predicts that if you want a truly secure retirement you'll need $10 million. Today's Stocks & Topics: SBUX – Starbucks, F – Ford, LUV – Southwest Airlines, PCG – PG&E, XLP – Consumer Staples, TSP and pension funding, GE out of the DOW-30, Short Term vs. Long Term Investing, Liquidity Crisis, SPY - SPDR S&P 500 ETF Trust.
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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 this June 20th edition of Invest Talk. I do appreciate being with me. I'm Steve Peasley. |
| 0:29.0 | I know that if you are taking time to listen to this program one or more times per week you |
| 0:34.4 | must be serious about making better decisions with your money with your |
| 0:37.8 | investable funds. I hope that you're serious by and if you are listening I'm sure you are because we all want to learn more grow the money |
| 0:47.8 | So as always I will do my very best to inform educate our listeners using the market analyst perspective that I have with my 30 years |
| 0:56.3 | experience. Well, 30 plus years. But the program flow is made more interesting with your contributions. |
| 1:05.0 | So I encourage you to call me now with investment in finance questions. |
| 1:09.0 | Long as it's financial, I'll be happy to talk about it. |
| 1:12.0 | 88889 chart. |
| 1:14.0 | Now here's a headline that should make you think. |
| 1:17.0 | No emergency savings, no problem. |
| 1:21.0 | That's what nearly one in five respondents implied in a new survey on savings habits. |
| 1:28.0 | 20% of the people don't think they need to have any emergency savings. |
| 1:33.0 | Now if this is true, some people are making a serious mistake. |
| 1:38.0 | And this is interesting. |
| 1:41.0 | Different generations have different attitudes about the need for saving for a rainy day or cushion. |
| 1:47.0 | My parents, my mom always used, you need to save for a rainy day. That was her, her, here's little speech to all us kids when we were growing up |
| 1:55.2 | so how can this be that you know some people don't even think they need any they |
| 1:59.9 | don't think it we're going to talk about that more detail coming up in a bit. But now let's get to your |
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