08-13-19: Why Baby Boomer Household Wealth Is Now 12 Times Greater Than Millenials
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 13 August 2019
⏱️ 47 minutes
🧾️ Download transcript
Summary
Housing costs, debt, and the Great Recession of 2008 are all to blame-- but there are ways for millennials to get their finances on track.
Today's Stocks & Topics: Gold: $1,510 per ounce, Oil: $54 per barrel, Bitcoin: $11,700 per coin, Is the Bond Market in a Bubble?, Investors Should Be Optimistic, Mortgages With a Negative Interest Rate... in Europe, Retirement Money, DIS - Walt Disney Co., WBA - Walgreens Boots Alliance Inc., AAPL - Apple Inc., When to Invest in the Market, TWOU - 2U Inc., ITA - iShares U.S. Aerospace & Defense ETF, CCJ - Cameco Corp., Universal Basic Income.
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | 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 Tuesday August 13th |
| 0:26.2 | 2019 and I'm sure more than a few of you have been surprised by the market |
| 0:32.0 | volatility it was up big today after being |
| 0:34.6 | down big yesterday. I mean it's just the way it's going lately. Obviously |
| 0:40.4 | there's a lot of variables at play here. A lot. Or maybe not so many. If I think |
| 0:47.1 | about it, I could boil it down to two couple things. Really. I really could. And that's the |
| 0:51.8 | world economy shrinking and China trade war. |
| 0:56.4 | Now you could probably add recently now the Hong Kong issue, but that's been boiling for a while. |
| 1:05.0 | It's just now hitting the headline news. |
| 1:07.0 | But I don't know if that's fundamentally going to change the market or drive the market one way or another. |
| 1:14.8 | I don't think so. Anyways, I'm Steve Peasley, and I thank you for joining me today, |
| 1:20.3 | and I hope you will call me as well because you drive the show. This is a financial show. We talk about anything financial and when you call we talk about that. I try to answer any questions as best I can. I will tell you if I don't know the answer and you know or |
| 1:34.4 | it's out of my area and I'll be you know I'm trying not to try not to just |
| 1:39.5 | talk about things I don't really know what I'm talking about. Try to stay away from that. |
| 1:44.0 | And our goal here, of course, is for everybody |
| 1:45.8 | to achieve financial freedom by growing their money, |
| 1:48.6 | saving their money, investing their money smartly. |
| 1:51.6 | That's what we're doing. And I'm going to do it with my own as well. I've been |
| 1:55.4 | doing it for years and years and years, so I want to help you do it for you. Okay? |
... |
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