Financials: Another Data Breach, the Dark Side of Cryptocurrencies, and One Big Retirement Mistake

Industry Focus

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4.6 • 854 Ratings

🗓️ 3 December 2018

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hotel giant Marriott (NYSE: MAR) just announced a massive data breach, and consumers can take some steps to ensure their personal information remains safe. Plus, two celebrities are in hot water with the SEC after helping to promote some initial coin offerings, or ICOs, without disclosing they were being paid. And finally, a new study found that the majority of young Americans have tapped into their retirement savings early – and often for the wrong reason. Host Jason Moser and Fool.com contributor Matt Frankel, CFP talk about all of this and more on this week’s episode of Industry Focus: Financials.

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Transcript

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0:00.0	Thanks to Grammarly for supporting this episode of Industry Focus.
0:03.0	Grammarly is a communication tool that helps you improve your writing so you can be mistake-free,
0:07.1	clear and effective.
0:08.8	Go to Grammarly.com slash Fool to get 20% off a grammarly premium account today.
0:17.0	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market
0:20.8	each day.
0:21.8	It's Monday, December 3rd. I'm your host
0:23.2	Jason Moser and on today's show we're going to talk the downside of the
0:27.0	crypto hype. We'll talk about why young workers are dipping into their retirement
0:31.3	accounts and it doesn't seem like they're doing it for all the right
0:34.6	reasons.
0:35.6	We'll tap into Twitter, of course, we'll give you one to watch for the week, but we're going to
0:40.3	begin today's episode talking about this massive data breach here for Marriott
0:45.5	that was just announced late last week. Joining me in the studio via Skype this
0:50.4	week as always a certified financial planner Matt Frankel
0:53.8	Matt how's it going?
0:55.8	Pretty good it's nice weather here I can't complain good weekend.
0:59.2	Yeah you know my philosophy man you could complain nobody wants to listen anyway right so why
1:04.0	yeah especially not you right we're gonna be we're gonna try to make this show
1:09.1	uplifting right give people something to look forward to.
1:13.0	And I tell you, probably not picking the right topic
1:15.9	to start with this week, maybe.
	...

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