Ep 180: Are You Recession-Proof?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 25 September 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you’re feeling a little anxious about your finances, well, we don’t blame you. That’s why we sat down with wealth advisor Ed Butowsky, author of “Wealth Mismanagement.” He gets candid about the Federal Reserve’s recent rate cut, how to stay calm in the face of a potential market swings, and what the heck an inverted yield curve is, anyway. He gives us his suggestions for tried and true stock sectors that can weather any storm. In Mailbag, tips on reducing your credit card debt in the face of competing priorities, like student loans and your mortgage. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:04.0	Her money is brought to you by Fidelity Investments.
0:14.0	We want you to feel confident about investing so that you can make your money work just as hard as you do.
0:20.0	Learn the ropes without the jogging at fidelity.com slash demand more.
0:25.0	Her money comes to you through PRX.
0:39.0	Hey everybody it's Jean Chatsky. Welcome to her money.
0:41.0	Welcome to her money that we are taping on the day that the Federal Reserve cut interest
0:46.6	rates for the second time this year after a long hiatus in any sort of interest rate movement for quite some time.
0:55.7	It seems like a really good day to be in the studio taping the show that we're about to tape,
1:02.4	because many people believe that things
1:07.8	like the Federal Reserve moving on interest rates are signs that the economy might be a little bumpier for lack of a
1:16.4	better word than we might think and that maybe we are headed to a recession.
1:24.8	We are going to dig into all of this.
1:27.0	We're going to dig into what recessions are,
1:30.9	why they happen, how the economy works, the fact that all of this is cyclical.
1:37.0	And we're going to do it with our guest, Ed Butowski.
1:40.0	Ed is a wealth advisor.
1:42.0	He's a former senior vice president at Morgan Stanley. His new book,
1:46.4	Wealth Mismanagement is now a number one bestseller on Amazon. Ed, I'm really, really glad you're here today.
1:54.0	Well, I am too.
1:55.0	Thanks for having me.
1:56.0	Thank you so much.
	...

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