8-3-2021: It Looks Like U.S. Consumers Are Ready and Willing to Spend More
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 August 2021
⏱️ 45 minutes
🧾️ Download transcript
Summary
According to Mastercard, consumer spending in America is on pace to exceed pre-pandemic levels, and “aversion to cash” is leading to an increase in digital payments.
Today's Stocks & Topics: Long-Short Mutual Funds, Investing for Kids, Over the Counter Stocks, ETFs, Cryptocurrency for Beginners, 401k, How Many Stocks in a Portfolio, RGR - Sturm Ruger & Co., VXUS - Vanguard Total International Stock ETF, Health Savings Account, AAPL - Apple Inc., Supply Changes, SKLZ - Skillz Inc, ADBE - Adobe Inc., PLBY - PLBY Group Inc., UNP - Union Pacific Corp., GE - General Electric Co., GE Reverse Split.
TRIVIA QUESTION: "Can you name 4 or 5 reasons why you might be better off downsizing before retirement?"
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Transcript
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| 0:00.0 | Now, on this Invest Talk podcast, Steve Peasley listens to your questions. |
| 0:07.0 | Okay, let's go back to the college. Let's talk to James and Kansas City. How you doing, James? |
| 0:11.0 | Hey, good. Thanks for taking the call. I always enjoy your show and tips. |
| 0:15.0 | Thank you. I'm a boring investor. I hold two ETFs, one is BTI and the other is BXUS. |
| 0:22.0 | Okay. And I'm calling today in particular about the BXUS. |
| 0:27.0 | And provides unbiased answers. And expensive. So I like it. It probably will correct at some point. |
| 0:33.0 | But maybe dollar cost averaging into might be better over months. |
| 0:36.0 | Invest Talk. Over 32 million downloads and counting. |
| 0:41.0 | Your participation makes it unique. |
| 0:44.0 | 880 99 chart. |
| 0:51.0 | This podcast is produced by KPP Financial. |
| 0:56.0 | Steve Peasley, president. KPP Financial. Independent thinking. |
| 1:01.0 | Shared success. And out today's podcast. |
| 1:07.0 | Welcome to Invest Talk. Above average is resting for the average investor. |
| 1:12.0 | We try to bring you useful information and answer any questions you might have as long as they're financial. |
| 1:18.0 | Let's go to Tom at San Francisco. Hi, don't Tom. I'm good. How are you? |
| 1:21.0 | I'm doing great. I thank you for your call. |
| 1:23.0 | I would like to ask about long short equity funds a little about that lately. |
| 1:28.0 | For everybody else, what Tom is asking about is a mutual fund that goes long and a mutual fund that goes short, right? |
| 1:33.0 | Yes. Okay. So you're talking about a fund that goes short and long. |
| 1:37.0 | Yes. There's not too many of them out there. But I kind of like them because you're given the manager a lot of flexibility. |
| 1:44.0 | So if something disastrous happens, he can play the market on the downside. |
... |
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