Coping with financial pain, a question about investing in growth stocks, and when some should take Social Security.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 15 October 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss how the long-term investor should handle the financial pain so many are feeling. A caller with more than $2 million in net worth wants to know when he should take his Social Security disability income during retirement. Plus, is now the time to invest in growth stocks? Scott and Pat guide a caller through that scenario. 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	Would you like an opinion on a financial matter you're dealing with?
0:07.0	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call.
0:15.0	To join Allworth's Money Matters, call now at 83399 Worth.
0:20.0	That's 83399 W-W-R-T-H. Welcome to All Worth's Money Matters, Scott Hanson.
0:28.1	Pat McLean, thanks for being with us.
0:30.1	That's right, with myself, my co-host. We are both financial advisors, certified financial planner,
0:34.3	charter financial consultant, practicing advisors for three decades.
0:40.3	Come here on our podcast on the weekends to help you with your financial future as you are
0:46.9	dealing with things. And it's hard to deal with. These markets are rough what what's been particularly challenging pat
0:58.6	about this year it's that not only this stock market fallen but just about everything has
1:09.3	fallen and bonds this is the worst year for bonds we've had in decades.
1:14.7	So typically in a portfolio, a well-balanced portfolio,
1:18.6	you've got areas of the portfolio that are not at least holding their own,
1:23.4	but growing in times when the stock market is falling.
1:27.0	So you're trying to create negatively correlated asset classes in order to actually get a smooth upward line.
1:34.7	Yeah, if you look at historical returns, you can kind of graph them out and you can see where they fish in frontier, all that other stuff, right?
1:41.0	But the challenge we've got this year, it's that just about everything has fallen in value.
1:49.7	Bonds, especially, fixed assets.
1:52.6	We haven't seen it in some of the assets, right?
1:55.0	Oil prices.
1:57.0	Although they're down from where they were.
1:58.5	Yeah, they are.
	...

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