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Money Matters by Allworth Financial

Investing in a challenging market

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 11 July 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat discuss the reasons why they don’t believe in market timing and the issues surrounding the Paycheck Protection Program. Scott and Pat advise a caller looking to pay down his $176,000 mortgage. A man with 30% of his savings in one investment fund asks if his strategy is sound. A single mother with $125,000 in student loans asks how she should pay down the debt. Finally, Scott and Pat advise a Colorado woman looking to take out a loan to make her home handicap accessible.  Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0

Answering your tough financial questions for the past 26 years,

0:04.2

it's Allworth's Money Matters with co-hosts Scott Hanson and Pat McLean. Would you like an opinion on a financial matter you're dealing with?

0:29.6

Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.

0:39.7

Call now at 83399 Worth. That's 83399 W-O-R-T-H.

0:47.8

Welcome to All-Worth's Money Matters. I'm Scott Hanson. I'm Pat McLean.

0:52.1

Glad you are with this as we talk about financial matters, both myself and my co-host here, Pat,

0:57.0

we are both financial advisors, practicing financial advisors with roughly three decades

1:02.4

of experience each.

1:05.6

And we come here, broadcast a program on the weekends to be your financial advisors as well.

1:13.8

Yes.

1:14.5

Although we can only – and frankly, we still have a small number of clients,

1:18.6

not like we did years ago when we had more time, but we find this radio program gives us a chance to help people with some good financial advice.

1:26.7

And sometimes even just a second opinion, as Pat likes to say in the industry,

1:32.9

well, you say if this is the food industry, everyone would be dead.

1:37.9

Yeah.

1:38.3

I mean, half our industry, look, we've got some great advisors in the financial space,

1:43.7

people that add much more value than

1:47.2

the fees they charge, but there are probably half the industry I would not trust with my

1:53.2

children's piggy bank.

1:54.0

And regardless of the size.

1:55.8

In fact, probably more to the size to the detriment of many of the clients.

2:00.8

Large insurance companies with crap. more to the size to the detriment of many of the clients.

...

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