Beware of Store Credit Cards: A Hidden Path to Debt Disaster
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 28 December 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
Consumers should be cautious, as these cards typically carry extremely high interest rates that can quickly turn savings into substantial debt.
Today's Stocks & Topics: DG - Dollar General Corp., Market Wrap, PANW - Palo Alto Networks Inc., Beware of Store Credit Cards: A Hidden Path to Debt Disaster, Investment Loss, T - AT&T Inc., The Stock Market, Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, PFE - Pfizer Inc., PDI - PIMCO Dynamic Income Fund, National Gas Industry.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is InvestTalk. Incependent Thinking, shared success. |
| 0:17.7 | InvestTalk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial portfolio manager, Luke Guerrero. |
| 0:33.8 | Good afternoon, fellow investors, and welcome back to InvestTalk. |
| 0:38.8 | My name is Luke Guerrero, and it is Friday, December 27th, 2024. |
| 0:44.3 | And as Christmas has come and gone and the holidays are soon over, |
| 0:48.8 | I realize that today is actually our last Friday show of 2024. |
| 0:55.0 | Now, as every Friday, we like to sum up what happens over the week and talk about what we need to be thinking about headed into the next week, but also it's particularly important because we're also talking about what we expect to be happening next year. Before we get to any of that, this show, as always, |
| 1:13.8 | is about you and your finance and investment questions. So let's tackle our first caller question now. |
| 1:19.5 | Hi, this is Dan from Walnut Creek. I've got a question with regards to Dollar General B, G, |
| 1:25.2 | and I have a real small position that's now down 25%. |
| 1:29.3 | I wanted to get your opinion as to you think this is going to go down much further, |
| 1:35.3 | or just hang on to it for a little bit and wait for a turnaround. |
| 1:40.3 | Once again, it's very small portion of my portfolio. |
| 1:43.3 | Anyway, any advice you can give me? |
| 1:45.2 | I appreciate it. |
| 1:45.8 | Thanks. |
| 1:46.1 | Bye. |
| 1:47.2 | Dollar General Corp, ticker DG, is a discount retailer. |
| 1:53.5 | And they have had a particularly abysmal 2024, down 44% year-to-date, down 43% over the past 52 weeks. |
| 2:05.5 | If you look at the relative of the S&P 500, it's really dropped off, well, in about |
| 2:10.3 | October of last year. |
... |
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