07-10-2020: The No. 1 Rule On How To Prioritize Your Bills
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 10 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Understanding and ranking these three categories of debt can help you efficiently handle expenses.
Today's Stocks & Topics: Economic Recovery, Restaurant Business in England, Working in Barbados, TGT - Target Corp., AQN - Algonquin Power & Utilities Corp., Gains, Tech Stocks, BYDDF - BYD Co. Ltd., Inflation & Value Stocks, VIPSX - Vanguard Inflation-Protected Securities Fund Investor.
TRIVIA QUESTION: "WHICH United States agency is charged with protecting our money and the security of our financial systems? And what was the name of the famous person WHO founded this agency?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.
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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 everybody and welcome to Invest Talk. It is Friday July 10th |
| 0:25.5 | 2020. The markets have been pretty interesting. I mean we've had a pretty much |
| 0:30.8 | a V recovery with a little bit of hesitation. |
| 0:34.0 | It's interesting, the NASDAQ is clearly the leader in the markets but you know you take a look at the Dow and the S&P |
| 0:47.4 | they're still they're still not they're still not breaking their old highs. |
| 0:55.8 | Okay, they're not even breaking the high they made in June. |
| 0:59.2 | So everything's not clear. And if you look at the New York stock exchange, |
| 1:01.2 | it's the overall broadest market indexes that you can check. |
| 1:06.0 | They're far away from the high, but they're NASDAQ, which is driven by, of course, you know, the Fang stocks, Facebook, Apple, |
| 1:12.0 | and Netflix, and throw in Microsoft. |
| 1:15.7 | That that index is way above and it's overbot. Probably going to have a |
| 1:22.0 | pullback. Can't tell you when or from why or high, but I can tell you it's overbot. |
| 1:27.0 | That's what it's good. Okay, the effects of the COVID-19 crisis are going to be with us a long time, everybody. It's not going to go away anytime soon. |
| 1:33.7 | I figure it's going to linger. I figure our economy is going to take a couple of years to get |
| 1:39.1 | completely back to where it's just going to take time. It's going to take a while. Okay? And for |
| 1:46.4 | investors, it's pretty unsettling. We just don't know how there's just a lot of volatility. We just don't know how, there's just a lot of volatility, we just don't know how the market's going to |
| 1:56.1 | react day to day to day. We just don't. Because things are still new, we don't know. This whole |
| 2:02.4 | COVID virus thing is a brand new entity that we've never dealt with before. |
| 2:08.0 | Us investors, I'm told. Anyways, we'll deal with that though. This is a call and show. You're listening to Invest Talk. The number is 88899 chart and I certainly would like you to call in. We'll talk about volatility if you like. I'm Steve Peasley and here in Invest Talk and at my company at KPP Financial based in |
| 2:25.2 | Durbin, California. |
... |
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