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InvestTalk

12-28-2020: COVID Pandemic Has Caused One-Fifth Of Americans To Lose Retirement Confidence

InvestTalk

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

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

4.31.5K Ratings

🗓️ 29 December 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

Given that 52% of workers have experienced job loss, furloughs, reduced pay, or early retirement-- 21% of workers say their confidence in being able to retire comfortably has faltered.



Today's Stocks & Topics: MRNA - Moderna Inc., The Fed System, Buying or Rental Property, Inflation, Closed-End Funds, BSTZ - BlackRock Science & Technology Trust II, Roth Conversion, New Stimulus Bill, Bitcoin on Mutual Funds or ETFs, TSLA - Tesla Inc.



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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 fellow investors and welcome to Invest Talk. This is our Monday, December 28th, 2020 edition of Invest Talk. I hope all of you had a wonderful Christmas holiday. I know I did, it was nice and relaxing.

0:39.0

Didn't see a whole lot of people besides my family, you know in this environment is good thing but you know we're past that and

0:48.5

Soon we're going to approach the new year in fact we only have three more trading days left in 2020. And certainly

0:59.8

2020 has been a different year and guess what?

1:03.0

2021 will be a different year than this one.

1:07.0

And that's what you have to start looking forward to, right?

1:10.0

20 is basically in the rearview mirror.

1:13.0

And that's not how you invest.

1:16.0

You don't invest in the rear view mirror.

1:18.0

Just like you don't drive using the rear rear mirror.

1:21.0

You have to look in front of you, look out the windshield. And that's what

1:25.8

we are here to help you do. Help you make sense of all the moving parts that will go into the year 2021 from changes of administrations, changes in policy, changes in the economy, changes in technology, etc.

1:47.0

So the new year will definitely have some hurdles and opportunities.

1:57.0

And our job here is to help you get through this time and come out the other side in better shape not just financially with

2:07.1

your portfolio higher than it did start the year but to hopefully improve your knowledge improve your decision

2:15.2

making and thus improve your results forever right That's our goal here. And you have to learn how to analyze trends, analyze markets, analyze asset classes, and do it all in context to

2:38.3

your financial goals.

2:42.0

I'm Justin Klein and on this program today I'm going to do my best to provide you with

2:47.4

unbiased answers to your investment questions and finance questions.

...

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