Day traders, options, and a soaring stock market

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 26 September 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss how options and online traders are boosting stock prices, and how that trend may end. Scott and Pat advise a mother looking for more ways to save for her children’s future, while one son makes $30,000 a year selling Goldendoodle puppies. A caller asks if his mother should take her spousal benefit from Social Security while she is still working. A man holding international bonds yielding 5% per year asks if he should sell his investment. A caller who saved $1 million in a 403(b) asks if he should buy a rental property. Scott and Pat speak with a caller in Northern California looking for investments that provide safe retirement income. A caller asks if he should sell a universal life insurance policy he purchased in 1987. Finally, a caller asks if an annuity will help create the $7,000 he needs in monthly retirement income. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0	Answering your tough financial questions for the past 26 years, it's Allworth's Money Matters, with co-hosts Scott Hanson and Pat McLean.
0:25.6	Would you like an opinion on a financial matter you're dealing with?
0:29.9	Whether it's about retirement, investments, taxes, or 401ks.
0:33.6	Scott Hansen and Pat McLean would like to help you by answering your call.
0:45.1	To join Allworth's Money Matters, call now at 833 99 worth that's 833 99 w o r t h h h hush welcome to all worth's money matters i'm scott hanson i'm pat mclean thanks for being part of our program today both
0:49.3	myself and my co-host here we're both financial advisors advisors. By the way, before you change the dial,
0:55.5	because we say we're financial advisors.
0:58.3	This isn't, we're not selling life insurance or big fat annuities or any of that.
1:02.5	Online trading programs.
1:04.0	None of that.
1:04.7	We're just trying to actually take your calls, questions, and see if we can help.
1:09.3	If you'd like to join the show, 83399 worth, that's 83399-984.
1:17.8	Yeah.
1:18.1	And you can join us on our show.
1:19.9	Yeah, and we're going to take quite a few calls today, and so we are looking forward to...
1:24.6	We deal mostly around... We can answer any questions you have.
1:31.9	We'll try to answer any questions you have regarding money.
1:35.3	And but what we will, most of our questions are regarding retirement, retirement planning,
1:40.4	that sort of thing.
1:41.3	And I tell you, it's been such a bizarre year for the stock market.
1:47.2	Bizarre year all around, I mean, obviously.
1:50.7	But we saw, I mean, the market just looked like for a while it was just going up, up, up.
	...

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