Current Market Conditions Update, Types of Wealth Management Firms, and Barbipedia

Money Tree Investing

Money Tree Investing Podcast

Business, Investing

4.6 • 732 Ratings

🗓️ 12 June 2020

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The stock market is approaching all-time highs... yet unemployment is somewhere between 13-20%. Prior to the selloff, It was below 4%. What am I missing???

How should an investor invest in this market?

Buy and hold, DCA, market timing, or another secret strategy...

We discuss these issues, the 5 types of wealth management firms, and Barbipedia. We had a lot of fun on this episode. Join us for and market update.

For more information, visit the show notes at https://moneytreepodcast.com/types-of-wealth-management-firms/

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Welcome to this week's episode of Money Tree Investing Podcast.
0:14.4	My name's Kirk Chisholm and I will be one of your hosts today.
0:18.1	So today we are going to have a panel show. We're going to have our
0:22.1	usual panelists. We have Barbara Friedberg. How you doing any Barb? Doing great, Kirk. Thanks for
0:27.2	having me on. Good. Good. We're glad to have you back. And we also have our very own Megan Gorman.
0:32.2	How you doing today, Megan? Hi, Kirk. I'm doing well. Good to be on this with you and Barb today. Yeah, this is exciting. We don't do
0:38.3	these often enough. I like chatting with you both. And I think we wanted to mix it up a little bit.
0:42.6	I think, you know, given what's going on out there in the world, we wanted to kind of bring it back
0:46.8	to reality and talk about things that are maybe a little bit more pertinent to people today.
0:52.2	One of the things that wanted to talk about is the
0:55.8	market right now. Right now, as of today, as of this recording, we are on the S&P. I think we're
1:03.5	about 3% or so off the all-time highs. We're approximately where we started the year for reference.
1:10.7	I think the NASDAQ is also beyond all-time highs.
1:14.1	I think that's well beyond all-time highs.
1:16.5	And yet we still have really high unemployment and not all the economies have opened up yet.
1:21.7	So Barb, when you kind of look at this data, what does that feel like to you?
1:27.3	You've been in the industry for a while.
1:28.5	You've been a portfolio manager. You have a lot of experience in a variety of areas. But when you
1:33.0	see this, like, how does that sit with you? I am totally befuddled because over the long term,
1:41.5	the S&P 500 returns, which is, for those who don't know, the S&P 500 is an
	...

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