12-23-2020: 3 Big 401(k) Mistakes To Avoid In 2021

InvestTalk

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

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

4.3 • 1.5K Ratings

🗓️ 24 December 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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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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