07-01-2020: Retirees: If You Love Income, You Should Love Cash Flow Even More
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 1 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
You diversify your investments, so why wouldn’t you diversify how you source your living expenses in retirement?
Today's Stocks & Topics: Gold, Direct Public Offering, ERI - Eldorado Resorts Inc., ABM - ABM Industries Inc., ABBV - AbbVie Inc., ADBE - Adobe Inc., ABEV - Ambev S.A. ADR, PRU - Prudential Financial Inc., Return on Equity, SWBI - Smith & Wesson Brands Inc.,
TRIVIA QUESTION: "How many U.S. households own IRAs? AND--Where do IRA owners invest their money?"
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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. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest talk it is Wednesday July 1st first the first day of the quarter |
| 0:27.8 | birthday of the month we've ended the second quarter so we're gonna get some GDP numbers on that second quarter in a week or two. |
| 0:34.8 | It would be interesting to see those numbers. Now of course this is also a short |
| 0:39.9 | trading week because it's July 4th weekend, uh, weekend July 4th is on Saturday so July 3rd everything's gonna be closed |
| 0:46.9 | so what's interesting is every you know here in California our governor is reinstituting some more strict COVID rules on certain parts of the state. |
| 1:01.0 | I happen to live in Orange County County which we just got our restaurants |
| 1:04.8 | back open and now he's told them to have to close again. We're gonna have so many |
| 1:09.4 | bankruptcies in that area. We already have and I'm sure across the country. |
| 1:14.0 | Restaurants can't stay closed and you think they'll just reopen |
| 1:18.0 | that's not going to happen. |
| 1:19.0 | The chain restaurants may be able to survive |
| 1:21.0 | but not the independence, not the small guys they can't survive this way not going to happen |
| 1:27.3 | Anyways it's we're being forced to move tears can open and close all the bars again not that I go to bars because I don't |
| 1:35.8 | but you know reinstated stricter rules in several counties not San Diego though but you know what's really |
| 1:46.0 | interesting is all through the San Joaquin Valley in the middle of |
| 1:49.2 | California all those all many of those counties have been have had a rash of increase cases and they're not populated. |
| 1:58.6 | They're not a very populated place. |
| 2:00.8 | I thought that was interesting. Orange County is, LA County also, so those two |
| 2:06.4 | counties, you know, pretty populated. And so San Diego County, but they didn't have them. |
... |
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