A recession is like a forest fire

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 18 April 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Money Matters, Scott and Pat interview Andy Stout, Chief Investment Officer of Allworth Financial. They discuss unemployment, the stock and bond market, and potential silver linings in this crisis. Scott and Pat advise Cincinnati woman who asks how the CARES Act affects her Required Minimum Distribution. A caller, who is invested 45% in stocks and 55% in bonds, asks if his investments are allocated correctly for his needs and goals. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0	answering your tough financial questions for the past 26 years. It's Allworth's Money Matters,
0:06.5	with co-hosts Scott Hansen and Pat McLean. Would you like an opinion on a financial matter
0:15.3	you're dealing with? Whether it's about retirement, investments, taxes, or 401ks. Scott Hansen and Pat McLean would like to help you
0:22.8	by answering your call to join Allworth's Money Matters. Call now at 83399 Worth. That's 83399 WORTH.
0:33.5	Welcome to Allworth's Money Matters. I'm Scott Hanson. I'm Pat McLean.
0:47.3	Glad you are with us this weekend. We hope you are doing well both physically, mentally and emotionally. And financially. And financially. It is a financial talk show.
0:53.4	This is, yeah.
0:56.8	With myself and my co-host here, we're both financial advisors.
0:59.8	We used to say we meet with people during the week.
1:02.4	Now we have Zoom meetings with people during the week.
1:08.2	Come here on the weekends to be your financial advisors on the air and talk about what's going on in the markets.
1:12.3	And I tell you what, Pat, the stock market has been amazing.
1:14.3	Do you realize, I know you realize.
1:15.5	Thank you.
1:21.2	The market, the stock market anyway, has made up about half of its losses.
1:22.1	Yeah.
1:26.4	But Scott, so think about this, right?
1:32.4	The alternatives to the stock market are what?
1:34.5	Well, you can do government bonds.
1:35.1	Okay.
1:40.4	Ten-year treasury, a little bit more than six-tenths of a percent for ten years.
1:44.3	You could do cash, bank CDs. You could do... One percent? You could do cash, bank CDs.
	...

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