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
4.4 • 1.5K 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
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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, 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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