Advice on life insurance, an in-depth discussion about Social Security, and do bear and bull markets matter?

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 13 August 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain whether long-term investors should worry about bear and bull markets. A caller wants to know whether it’s appropriate to ask how their advisor manages money. Pat and Scott take an in-depth look at Social Security, one of the most talked about financial topics. Finally, honest advice for a Colorado man with a question about life insurance. Join Money Matters: Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at [email protected]. Download and rate our podcast here.

Transcript

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0:00.0	KERRY, Can't get enough of Allworth's Money Matters?
0:27.3	Visit allworthfinancial.com slash radio to listen to the Money Matters podcast.
0:34.4	Welcome to Allworth's Money Matters, Scott Hanson.
0:36.9	Pat McLean, thanks for being with us.
0:38.9	Yes, both myself, my co-host here.
0:40.5	We are both financial advisors, certified financial planner, charter financial consultant.
0:45.1	We spend our weekdays helping people like yourself and we broadcast this program on the weekends.
0:50.3	Hoping to be your financial advisor through the air and podcast through your air pods or whatever
0:55.1	we got going on well when you say we broadcast we don't know what that means anymore terrestrial
0:59.4	we run on some stations but um mostly podcast mostly podcast so glad you're with us uh we've got a good
1:08.2	program we'll take calls as usual talk about what's going on in the markets.
1:11.3	And I, the NASDAQ is now in a bull market again. It's crazy. And a bull market is just when the market rises 20% or more, they call it a bull. If it falls 20% or more, they call it a bear. It doesn't really mean anything, but it's just something that. But when I saw that headline this week, and obviously we watch the markets, we tell our clients
1:32.2	to ignore the markets on a daily basis because there's literally, there's been studies show
1:36.1	that the more frequent, the correlation between the frequency of you checking your statements and your investments
1:45.3	and investment performance, there's a negative correlation.
1:48.5	You think you might be doing yourself a favor, but you're not.
1:51.1	Anyway, we're in the industry.
1:52.2	You kind of have to do this sort of stuff.
1:53.5	Yes.
1:53.7	And so this, I don't know if it came, it was happened on Wednesday or something of this last week.
1:58.1	And I'm like, it's just amazing.
2:02.0	How fast things change?
	...

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