1 in 3 Americans Experienced Financial Fraud in the Past Year
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 11 March 2025
⏱️ 50 minutes
🧾️ Download transcript
Summary
A new Bankrate survey reveals that a staggering 34% of U.S. adults have experienced financial fraud or scams in the past year, with nearly 2 in 5 losing money as a result.
Today's Stocks & Topics: HRI - Herc Holdings Inc., Market Wrap, CVE - Cenovus Energy Inc., LNC - Lincoln National Corp., 1 in 3 Americans Experienced Financial Fraud in the Past Year, Oil & Energy, Tariff War, STLD - Steel Dynamics Inc., EUAD - Select STOXX Europe Aerospace & Defense ETF, Tesla Sales.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is InvestTalk. |
| 0:13.3 | Independent thinking, shared success. |
| 0:17.7 | Invest talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.2 | Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:34.6 | Good afternoon, fellow investors, and welcome back to Invest talk. This is our Monday, March 10th, |
| 0:41.5 | 2025 edition of InvestTalk and it was quite the day on Wall Street. Big red day, big red candle |
| 0:50.5 | on the charts and some really big losses especially for those big growth year |
| 0:56.8 | names that are out there in the market and very interesting times that we are living in |
| 1:02.7 | talking about that this is unlikely to be a year similar to last year or the year before |
| 1:09.2 | it's likely to be choppier or more risk |
| 1:11.4 | doesn't mean you can't be successful but it's just harder and you see that now and |
| 1:17.3 | we're what the 10 11 weeks into the year and you've seen a lot of some upside as well as |
| 1:25.5 | downside that the market can bring so we're here to help you |
| 1:30.5 | meet these fresh challenges and be prepared so that you aren't making rash |
| 1:37.0 | emotional decisions and volatility will do that to the best of us it will bring |
| 1:42.5 | out those emotions and so our job here is to help quell those |
| 1:48.7 | emotions in both directions. Things are great. It's probably not as rosy as you think it is. |
| 1:54.5 | And when things are terrible, it's not as bad as you feel it is at a time. The reality is |
| 2:00.7 | usually somewhere in the middle, the reversion to the mean. |
| 2:04.2 | And so we're in the process of forging a new path in markets, one that is just simply more |
| 2:15.4 | volatile and has more challenges. |
| 2:18.3 | And so we're here to provide insight as well as data so that you can better make decisions for yourself. |
... |
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