10-3-2023 – FTX Customers Who Lost a Fortune on the Bankrupt Exchange Are Doubling Down on Crypto
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 October 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
One investor tells his story of risk-taking resilience, he sold his FTX holdings for pennies on the dollar so he could 'reinvest in crypto'.
Today's Stocks & Topics: MCD - McDonald's Corp., PYPL - PayPal Holdings Inc., Saudi Arabia and Russia Are Winning, How to Achieve Appropriate Laddering, URNM - Sprott Uranium Miners ETF, XLU - Utilities Select Sector SPDR ETF, XLP - Consumer Staples Select Sector SPDR ETF, MODG - Topgolf Callaway Brands Corp, The Dollar Rally.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:09.0 | Justin Klein and Steve Peasley stand ready to take your finance and investment questions |
| 0:14.0 | and share their unbiased answers. |
| 0:17.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm |
| 0:23.0 | serving clients throughout the United States. |
| 0:26.0 | The clarity for your path forward starts now. |
| 0:30.0 | Here is KPP Chief Executive Officer, Financial Advisor Justin Klein. |
| 0:38.0 | Good afternoon fellow investors and welcome back to Invest Talk. This is our Tuesday. |
| 0:44.0 | October 3rd, 2023 edition. I'm Justin Klein and I'm excited for this hour |
| 0:50.0 | to help you become a better investor. |
| 0:53.0 | And we're going to mix in a lot of data and some perspective developed with over 20 |
| 0:58.0 | plus years of investment experience. |
| 1:00.0 | We're going to get to the market performance here in a bit and run down some show topics, |
| 1:03.0 | but first we're going to go to our first color question now. |
| 1:07.0 | Got a question. I'm looking at McDonald's, more of a dividend investor, |
| 1:12.0 | and I was wondering what would be a good price to get in McDonald's app. |
| 1:16.0 | Look forward to hearing your answer. Have a good day. |
| 1:21.0 | All right, looking at McDonald's, and this is in a strong downtrend, |
| 1:26.0 | really since the middle of July, peaked out really close to $300 per share. |
| 1:31.0 | Now we're at $254. So down nearly 20% from its high. |
| 1:38.0 | Excuse me. Now that is then sound like a lot, but for company like McDonald's, |
| 1:44.0 | that's a pretty strong pullback and the technicals are pretty bad. |
... |
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