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InvestTalk

11-19-2020: Is America's $68 Trillion Wealth Transfer Evaporating?

InvestTalk

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

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

4.31.5K Ratings

🗓️ 20 November 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

According to the U.S. Small Business Administration, less than 2% of millennials reported being self-employed, compared with 7.6% for Gen X and 8.3% for Boomers.



Today's Stocks & Topics: GD - General Dynamics Corp., CBAT - CBAK Energy Technology Inc., New Rules on Chinese Companies, GDX - VanEck Vectors Gold Miners ETF, PLTR - Palantir Technologies Inc., Mutual Funds, EXPI - eXp World Holdings Inc., Jobless Claims, Momentum Stocks and Funds.



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Transcript

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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 fellow investors and welcome to Invest Talk. This is our Thursday,

0:30.1

November 19th, 2020 edition of Invest Talk. I know the year is coming to a close

0:38.1

rather quickly I feel like. Only 40 plus days left in the year soon Thanksgiving is coming up hopefully everyone

0:46.8

stays safe and then we have Christmas and New Years and before you know it

0:52.2

2021 will be upon us a new administration as well as new priorities and changes.

1:00.0

And the big question is what will those changes be?

1:03.0

How will that affect the markets, investors, as well as companies?

1:08.0

And I know this year has made everybody anxious about many things.

1:14.0

And the pandemic has taught us how to deal with uncertainty, volatility, and really that's sense that

1:34.8

governments have it right

1:36.6

the governments know what they're doing and we clearly see that

1:39.8

they're kind of

1:41.0

making up as we go along, which in some sense is understandable, but in another sense

1:47.0

is worrying. But that doesn't mean that you slow down your decision-making.

1:58.0

It just means that you have to prepare for a market uncertainty and prepare for your portfolio for a

2:09.0

market ahead that is likely to be bumpy but I think it's clearer than ever what governments

2:20.2

and Central Banks are going to do and so to me this actually has made the investment process a little easier.

2:30.0

We know the investment process a little easier.

2:32.0

Right? We know the policy decisions that they're going to make. It's no longer just the

2:38.5

Fed. It's also central governments and how they react, right? You see how they react right you see how they react

...

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