12-23-2020: 3 Big 401(k) Mistakes To Avoid In 2021
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 December 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
If you mismanage your 401(k), you could end up falling short during your senior years.
Today's Stocks & Topics: CVS - CVS Health Corp., Where to Invest in 2021, Buying the Rumor Selling the News, Overpriced Stocks, ENB - Enbridge Inc., Retirement, ARKK - ARK Innovation ETF, RTLR - Rattler Midstream L.P., HSY - Hershey Co., Cyclical Stocks, Index Funds & Dividends, SWPPX - Schwab S&P 500 Index Fund, Weak Dollar.
TRIVIA QUESTION: "Is the concept of a stock market 'Santa Claus Rally'--- REAL?... Is there data to support this idea?"
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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. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Wednesday, December 23rd, |
| 0:25.7 | 2020 and of course there's all kinds of moving parts of the market and everything to |
| 0:31.2 | watch and you got to keep your eye on everything. it was fascinating to see what the market |
| 0:35.7 | did in reaction to a Trump vetoing that spending bill. |
| 0:39.9 | On the surface you would think that that would be very negative. But now when he said I want |
| 0:45.1 | to add to 600 per person 2,000 per person so the market took that as oh that that's |
| 0:50.8 | going to be really nice so I guess the market liked it but by the end |
| 0:55.8 | the day it was kind of a mixed market was really it was up high much higher during the |
| 1:00.3 | middle of the part of the day. |
| 1:03.2 | Well, 2020 certain has been a different type of year, that's for sure. |
| 1:06.7 | And Christmas is just a couple days away. |
| 1:09.1 | Mark is helping a half day tomorrow on Christmas Eve and close on Christmas. So there won't be a lot left into |
| 1:16.2 | trading going on this week. And then next week of course you got New Year's and you know that's going to be a short in week too. |
| 1:25.1 | It's typical volatility. Usually there is a rally, a Christmas rally. |
| 1:33.4 | Matter of fact, that's going to be one of them, |
| 1:35.0 | going to be a part of my trivia question today. |
| 1:37.8 | Okay, so we're gonna go, |
| 1:39.7 | what is a Santa Claus rally? Do you know what I'm referring to, the phenomenon I'm referring to? |
| 1:47.0 | Stay tuned. I'll give it to you. I'm Steve Peasley and today in this program and podcast I will do my best to provide unbiased answers to your |
... |
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