Experts Advise Moving Cash as Money Market Accounts Surge
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 14 September 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
As money market accounts reach a staggering $6.3 trillion, financial experts are warning against holding excessive cash. With the Federal Reserve expected to lower interest rates soon, now may be the time to explore better investment opportunities.
Also in this podcast: VOO - Vanguard S&P 500 ETF (ETF); FSS - Federal Signal Corp. (NYS); BRK.B - Berkshire Hathaway Inc. Cl B (NYS); UEC - Uranium Energy Corp. (ASE); MEDP - Medpace Holdings Inc. (NAS); and Luke's MARKET WRAP UP plus his topic talking points: "Thematic ETFs" and "Apple Tech as hearing aids".
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:09.0 | And for our podcast subscribers, this is Invest Talk. Independent thinking, shared success. |
| 0:18.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial portfolio manager Luke Guerrero. |
| 0:32.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:37.0 | My name is Luke Guerrero and it is Friday, September 13, 2024. |
| 0:42.0 | And let's not be superstitious. I know today is Friday the 13th, but it's just a normal |
| 0:47.5 | Friday. I don't believe in those things. My girlfriend actually believes a lot in ghosts. We fight about that all the time, but that's besides the |
| 0:53.6 | point. That has nothing to do with why we are here. And the reason why we are |
| 0:57.5 | here is to become more educated, to take in more info to help ourselves become better and more informed investors. |
| 1:09.2 | Now before we do that, I want to remind you once again that that KPP Financial will be hosting a new Invest Talk Wealth Webinar. |
| 1:20.0 | This free wealth webinar will focus on effective strategies for managing your 401k and enhancing your retirement savings. |
| 1:27.0 | Now you may be asking yourselves, when is this wealth webinar? Well, it is just under a month out. It is on Tuesday, October 8th at 11 a.m. |
| 1:35.3 | Pacific time. So go to investstock.com and sign up. Now you're signing up just to |
| 1:40.0 | attend the webinar. It doesn't cost any money, it's a free webinar and I think personally |
| 1:44.0 | that it can be helpful for just about anybody who has a workplace retirement program. |
| 1:50.2 | Now with that being said, we get to the reason why we came here today and certainly I'll share the |
| 1:55.3 | actionable items, the educational items that I am bringing to the show today, but hopefully I get to hear from you live because we love your live calls but we also love your voicemail |
| 2:06.2 | So why don't we before we dig into the market performance and before we run down those show topics |
| 2:10.9 | Answer our first caller question now. Hi Duncan from New York, thank you for all that you do. I got a quick question about an ETS. It is a Vanguard V-O-O, I think it mimics the S-P-500. |
| 2:26.0 | What I'm basically looking for is not to actually get the S-P-500, |
| 2:29.9 | but something similar to that too. |
... |
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