Dealing with an Uncertain Market, US Credit under Fire, and What does $900 Gold Mean?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 21 January 2008
⏱️ 47 minutes
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Summary
Transcript
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| 0:00.0 | I bet there are a bunch of scared people out there after the crazy week. |
| 0:21.6 | Let's talk about not just the crazy week, the crazy year 2008 has been so far for us. |
| 0:26.6 | I'm recording this on the 18th of January, which is Friday, so I have not had a chance. |
| 0:31.3 | Supposedly, I saw when I went out there and looked at the news wires this morning, |
| 0:34.9 | the president is going to put out a proposal, so I won't be able to give you my feedback on that for another week, |
| 0:41.4 | but it has been wild out there. |
| 0:43.5 | If you're talking about the cycle of market emotions, I think we've run the whole gamut here this week, |
| 0:49.5 | because you know, we started out at the beginning of the week with IBM coming out with some pretty good news. |
| 0:55.0 | And then, man, have things gotten bad very quickly, and we've seen a huge pullback out there in the financial stocks. |
| 1:01.5 | And we're going to be talking about that, and I've actually got a great article. |
| 1:04.7 | Let's hopefully go shed some light, give you a little bit of hope, a glimmer of sunshine in all this craziness. |
| 1:09.8 | I am the host of the Money Guys Show, Brian Preston. |
| 1:12.9 | By day, I am a certified public accountant and a certified financial planner that is doing fee-only financial planning |
| 1:19.4 | down here on the south side of Atlanta, and you've joined us here on the Money Guys Show. |
| 1:23.4 | We are going to go beyond common sense. |
| 1:26.0 | And man, are we going to be on common sense today, because we've got to talk about a lot of these things, |
| 1:30.3 | because right now, you guys are probably looking for some type of beacon of hope |
| 1:34.8 | to make you feel better about this crazy thing we call investing. |
| 1:40.2 | So let's talk about this. |
| 1:41.7 | I did write an article back in 2002. |
| 1:45.2 | I wrote it back in October, 2002, and it's titled What You Should Know in An Uncertain Market. |
| 1:52.3 | So I think it's kind of the timeliness of this is very, very good, |
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