11-19-2020: Is America's $68 Trillion Wealth Transfer Evaporating?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K 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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