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InvestTalk

1-4-2021: How To Recover From A Post-Holiday Financial Hangover

InvestTalk

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

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

4.3 β€’ 1.5K Ratings

πŸ—“οΈ 5 January 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

People that went overboard spending money during the holidays will need a plan to get things under control.



Today's Stocks & Topics: BMED – Black Rock Future Health ETF, BFTR – Black Rock Future Innovators ETF, New Year's Resolutions, SPAC Stocks, OXY - Occidental Petroleum Corp., TU - TELUS Corp., LYB – Lyondell Basell Industries N.V. Cl A, Electric Vehicles Sales, OTTR - Otter Tail Corp., How to Get Back Into the Market, DASH - DoorDash Inc. Cl A, XOM - Exxon Mobil Corp., Housing Market.



TRIVIA QUESTION: "If you spent one dollar on an item in 1965-- (by the way, that's 55 years ago)-- after adjusting for inflation, WHAT would that same item cost today?... so, $1 in 1965, HOW MUCH today?"



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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.

0:15.0

And now today's podcast.

0:17.0

Good afternoon everybody, and welcome to Invest talk it is Monday January 4 2021 yeah

0:27.6

2021 that's right you know many of us including myself we are glad that 2020 is behind us, but that doesn't mean we've solved all the problems

0:37.3

They still have the same COVID problems. We're just in the process of solving those problems

0:45.8

We've got two vaccines approved and I think a third one's going to be approved this in the next few weeks. You know I think what was it?

0:53.4

AstraZeneca, yeah, that got approved in the United Kingdom.

0:57.0

I don't think we have approved here yet.

0:59.5

So that's another one.

1:00.8

Of course we also have a new virus strain that's showing up in America. It's

1:05.7

spread pretty fast in England and they say that the vaccine will will uh will uh

1:11.6

will prevent that one too, but who knows.

1:15.0

So we still got some uncertainty out there.

1:18.0

And certainly the market reacted poorly today,

1:20.0

first day of the trading year,

1:22.0

after having record, pretty much record highs last week.

1:25.0

So, you know, I don't think it's anything to be worried about it.

1:29.0

We should expect a correction.

1:31.0

We should. I expect it. I don't know how much it will be, but it'll be a

1:35.4

decent correction. And I just think that we're overdue again for that another

1:41.5

correction. You've got to be prepared for the

...

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