Hope is Not an Investment Strategy

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 15 December 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters, Scott and Pat look back on the cryptocurrency boom and bust, and why the values of long-term investing are best learned through experience. Scott and Pat take a call from a man in Denver who wants to know if he should take his mortgage into retirement. A woman in Colorado put $260,000 of her inheritance in expensive annuities and is worried about the stock market’s ups-and-downs. A man in the Bay Area considers renting his $1.5 million house through retirement. Finally, Scott and Pat take a call from state employee in Roseville who is concerned about the future of California’s state pension. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0	Answering your tough financial questions for the past 21 years, it's Hanson McLean's Money Matters, with co-hosts Scott Hanson and Pat McLean.
0:25.2	Would you like an opinion on a financial matter you're dealing with?
0:33.7	Whether it is about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call.
0:43.9	To join Hanson McLean's Money Matters, call now at 1-8-28 to Hanson. That's 1-3-8 to H-A-N-S-O-N.
0:50.3	Welcome to Hanson's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us. That's right. Glad you are here with us. The airing of this program is what the 15th of
0:55.2	December. That means 10 shopping days less than 10 shopping days less because you better have your
0:59.7	shopping done. Well, people I guess do shop on Christmas Eve, don't they? I don't know, Scott.
1:05.6	My goal this Christmas season is to not go into any stores.
1:10.9	That is a...
1:12.2	Because I'm a giver.
1:13.0	I'm selfless.
1:14.0	I think of others as I'm saying that.
1:15.7	I'm just trying to...
1:16.5	I just try to make this thing as seamless and easy as possible for myself.
1:23.1	That sounds really self-centered.
1:24.5	It's a culturally...
1:26.4	Interesting.
1:27.1	It's really how the birth of Christ is celebrated.
1:30.2	Someone said, you know, the interesting thing is it's the most materialistic day of the year,
1:36.2	and the day is celebrated for probably the least materialistic person who's ever lived.
1:41.1	I thought it's kind of an irony.
1:42.9	But...
	...

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