5 Trends to Die for in the Consumer Goods Sector
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 30 May 2017
⏱️ 35 minutes
🧾️ Download transcript
Summary
Industry Focus host and Fool.com editor Vince Shen joins us to explain which reports of death in the consumer goods sector are greatly exaggerated. We’ll also answer your question about how to decide if you should manage your own portfolio in retirement or leave it to a professional.
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Transcript
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| 0:00.0 | Thanks to Bomfell for supporting Motley Fool Answers. |
| 0:03.0 | Bombfell is an online personal styling service for men that helps find the right clothes for you. |
| 0:08.0 | Get $25 off your first purchase at bombfell.com slash fool. |
| 0:13.0 | That's B-O-M-B-F-E-L.com slash full. |
| 0:16.0 | This is Motleyful Answers. |
| 0:21.6 | I'm Alison Southwick and my partner in crime is Robert Brokamp, personal finance expert here at the Motley Fool. |
| 0:27.6 | In this week's episode, we're going to look at the growing trend of death in the consumer goods sector with help from Motley Fool industry focuses Vince Shen. |
| 0:36.6 | We're also going to answer your question about financial trust issues as you head into retirement. |
| 0:42.4 | All that and more on this week's episode of Motleyful Answers. |
| 0:46.0 | It's time for Answers, Answers. |
| 0:48.1 | And today's question comes from Becky in Arizona. |
| 0:50.6 | Becky writes, I'm retired already, but I married a younger guy. |
| 0:55.0 | You go, Becky! |
| 0:57.1 | So we have a few years yet before he retires. |
| 0:59.6 | When he does leave the work-a-day world, he will have a substantial 401k to move somewhere. |
| 1:04.6 | At least in my book, $700,000 is substantial. |
| 1:06.9 | I'm shaking in my shoes. |
| 1:08.3 | I think I should handle the money myself, but I'm scared I'll mess up. |
| 1:11.8 | But I also don't want to just hand it over to someone else to take care of it either. |
| 1:15.1 | I may have trust issues here. I have investing induced rigor mortis. What baby steps should I take now to prepare for the big bang of bucks that's five to seven years away? |
| 1:24.5 | Well, Becky, $700,000 in 401k is indeed substantial. So according |
| 1:29.4 | to Fidelity, the average 401 balance for workers in their 50s is 152,000 average balance for |
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