Beware Of Deflation – Is Your Cash Safe? Bank Runs, SVB, and More
Money Tree Investing
Money Tree Investing Podcast
4.6 • 732 Ratings
🗓️ 15 March 2023
⏱️ 61 minutes
🧾️ Download transcript
Summary
SVB goes into receivership... So does Signature Bank... Are others next to follow?
It was a crazy weekend with the 2nd largest bank failure, after Washington Mutual. Investors and depositors were skittish today. I can't blame them.
We talk about what you can do to protect yourself and where the opportunities are in this mini (at the moment) crisis. Also why I'm mad at what is going on in the banks and more people don't even know it is happening.
Join us this week on a Banktacular special.
For more information, visit the show notes at https://moneytreepodcast.com/is-your-cash-safe-beware-of-deflation-485
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
Kelly Coughlin | Everyday CPA
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.8 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.6 | Hello, Smart Money Tree Podcast listeners. |
| 0:12.3 | Welcome to this week's show. |
| 0:13.3 | My name's Kirk Chisholm, and I'll be your host. |
| 0:15.1 | Today, I'm joined with my good friend Doug Hagerin. |
| 0:17.6 | Hey, Doug. |
| 0:18.2 | Good morning, Kirk. |
| 0:19.3 | Yeah, camera's not working again, as often doesn't. |
| 0:22.4 | But happy Monday to you. And it's been one heck of an exciting weekend. So lots to chat about. |
| 0:28.0 | Good. Well, I'm glad it wasn't my 9 a.m. drinking or my lack of glasses that was causing you to look |
| 0:33.1 | fuzzy. So thanks for clarifying that. And we also are joined by our good friend Kelly Coglin. |
| 0:39.2 | How are you doing, boys? |
| 0:40.1 | Nice to be here. |
| 0:40.8 | Thanks for having me. |
| 0:41.9 | Doing great. |
| 0:42.5 | Well, this is going to be a fun show. |
| 0:44.7 | I don't know if those of you who are listening on LinkedIn live are probably going to be privy to this. |
| 0:49.1 | But we had a crazy weekend with a bunch of bank closures, maybe more to follow. And fortunately, we have Kelly |
| 0:56.0 | with us who has a background in risk management and all this sort of stuff. So, but before we get |
| 1:00.9 | into all that fun stuff, let's get into Kelly's tax tip of the week. Okay, tax tip of the week. |
| 1:07.5 | It kind of pales in comparison to what might be going on in this banking market, |
... |
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