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InvestTalk

06-29-2020: Opinion: How To Deal With The Bad News That Punishes Stock Market Investors

InvestTalk

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

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

4.41.5K Ratings

🗓️ 29 June 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Are we in for a bigger market sell-off, and what do Steve and Justin think of the advice offered in this analyst's opinion?




Today's Stocks & Topics: GBTC - Grayscale Bitcoin Trust, CAKE - Cheesecake Factory Inc., SPOT - Spotify Technology S.A., XOM - Exxon Mobil Corp., SIL - Global X Silver Miners ETF, Commercial Real Estate, BABA - Alibaba Group Holding Ltd. ADR, MSB - Mesabi Trust, PAAS - Pan American Silver Corp., Retirement Mistakes.



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Transcript

Click on a timestamp to play from that location

0:00.0

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

0:10.4

KPP Financial, Independent Thinking, shared success, and now today's podcast.

0:17.0

Good afternoon fellow investors and welcome to Invest Talk. This is our June 29th,

0:28.4

2020 edition of Invest Talk and it is Monday or Monday of a shortened week.

0:35.0

We have 4th of July coming up and we have the last day of the quarter tomorrow.

0:41.0

Remember, only one more day until the year is half over. I know it feels like a

0:44.8

long year, right? But it's almost half over, which in a lot of ways I think is a good thing,

0:52.0

but we all are looking forward probably to

0:55.1

4th of July, but it's going to be a very different 4th of July than in the past and

0:58.9

we know that the world is a lot different now than it was a year ago and I've talked before

1:07.2

about how you know we're in this fourth turning we're in the the change phase so a lot is going to be different in the 20-20s than you've

1:17.4

seen in the past. The last 30 years, 40 years is going to be very, very different.

1:24.0

And Bank of America actually came out with something

1:27.8

over last week to kind of characterize

1:32.4

what the 20-20s are going to look like versus the 2010s.

1:37.0

So this is how they compare and contrast different parts of, I guess, the investment world the the world we're going to be

1:45.6

Living it for probably the next decade and they say the 2010s were about the 1%. The 20-20s about the 99%. We've seen that amount of

1:55.9

layoffs and we've already had a version of some MMT and really just focusing more on

2:02.2

supporting people versus supporting businesses.

2:05.3

I definitely think that's going to happen and that kind of goes in number two, which is the

2:08.4

Wall Street versus Main Street, right?

2:11.1

2020s were, what 2010s, we're all about Wall Street? 2020s were all about Wall Street.

...

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