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InvestTalk

09-11-2020: Leveraging Our Awareness On National 401(k) Day

InvestTalk

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

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

4.41.5K Ratings

🗓️ 11 September 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

With only 70% of Americans financially prepared for retirement, understanding what you can do to make the dream of retirement a reality is important.




Today's Stocks & Topics: Best Stock Price, CVS - CVS Health Corp., BGS - B&G Foods Inc., Roth I-R-A, EBIX - Ebix Inc., FDX - FedEx Corp., ABBV - AbbVie Inc., Snowflake IPO, VLO - Valero Energy Corp., HCSG - Healthcare Services Group Inc., Bankruptcies.




TRIVIA QUESTION: "Looking back, HOW DID THE STOCK MARKET REACT? And how can we broadly assess the cost of terrorist attacks?"




Plus: Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Oil and Gasoline.



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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 everybody and welcome to Invest Talk. It is Friday September 11th,

0:25.8

2020, September 11th. And of course I can't start the program or the

0:31.8

podcast without you know mentioning respectfully

0:34.8

today is a 19 year 19 year anniversary of the terrorist attack in New York City.

0:48.0

I remember very, very well. Most people remember what they were doing at that time. You know, it's not good. It was a pretty tough difficult time.

0:55.0

Investhog is a finance and a venture program as you know, so I do not want to get political.

1:00.0

That's not what I want to do.

1:02.5

Let's just say that many innocent Americans were killed on that day,

1:06.8

and many more have died in the aftermath of those 9-11 attacks.

1:12.0

So I think we should remember that over this day.

1:17.0

Now my customary trivia question today will remember the attacks and it looks at, I will be looking at the tax market reaction the effect on the market that's part of my trivia question and we can see that the fourth quarter is fast approaching and of course after that at the end of the year.

1:35.8

I mean the fourth quarter is almost honest. We have the rest of September and then we're in the fourth quarter.

1:44.0

And it certainly has been a pretty difficult year,

1:46.7

pretty momentous year,

1:51.6

unprecedented events, you know, especially the COVID-19. That was something we haven't seen.

2:00.0

I think you have to go back to 1911 or 17 all the way back to the Spanish flu which you know really didn't start in Spain

2:08.2

started here in the United States but there was reasons why it's called the Spanish flu. Anyway, so we'll move on. So there's a lot of

2:19.9

volatility. It's going to continue. I can't see how it's going to stop we got an election year

2:24.8

presidential election year and what we're less than 60 days away from that so there's going to be

2:30.3

volatility he just got to learn how to deal with it.

...

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