InvestTalk 7-19-2024 – Is a Scarcity Mindset Holding You Back Financially?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 20 July 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
In times of economic uncertainty, it's easy to fall into a scarcity mindset, where fear and worry about money can negatively impact your financial well-being. However, by shifting your mindset and adopting practical strategies, you can build financial resilience and weather any economic storm.
Today's Stocks & Topics: FAST - Fastenal Co., DPZ - Domino's Pizza Inc., Market Wrap, Traveling Investor, CRWD - CrowdStrike Holdings Inc. Cl A, Is a Scarcity Mindset Holding You Back Financially?, KBR - KBR Inc., Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Silver, Oil and Gasoline, Global Tech Outage, EXK - Endeavour Silver Corp., IBP - Installed Building Products Inc., WMS - Advanced Drainage Systems Inc., SPH - Suburban Propane Partners L.P., Small Caps.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:05.0 | And for our podcast subscribers, this is Invest Talk, above average investing for the average investor. |
| 0:16.0 | 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. Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:37.0 | My name is Luke Guerrero and I have the pleasure of being here with you on this beautiful Friday, July 2019, 2024. |
| 0:44.3 | And once again, get to wish you off into hopefully a relaxing and fun weekend |
| 0:49.4 | with the ones you love. |
| 0:51.3 | Now, certainly it's been an exciting July, and we've been here each and every day doing what we do here |
| 0:55.9 | at this program, helping to make you a better and more informed investor. |
| 1:00.5 | Now how do we do that? |
| 1:01.5 | Well we bring some items at the table, but more importantly, you bring items to the table in the form of your finance and investment questions, be it on our YouTube channel in the comment section, or on iTunes reviews reviews or voicemails or live every day from 4 to 5 |
| 1:16.2 | Pacific at 8899 chart. Now that being said we'll run down the market activity |
| 1:21.6 | today and this week as well as talk about |
| 1:24.4 | those show topics I have for you today but after we answer our first caller |
| 1:29.2 | question now. Hi Justin and Luke I was interested in buying passionate company ticker symbol |
| 1:36.8 | S-A-S-T for a long-term hold something just to buy and put away and not think about I'd like to |
| 1:46.6 | get your opinion on it. |
| 1:48.0 | Thank you. |
| 1:50.0 | So Fastinall Co, Fastenall Company, Taker FAST, is a wholesale distributor of fasteners and tools. |
| 1:57.0 | They also have hardware stores. |
| 1:59.0 | And the first thing you've got to know about this company is they're incredibly well run. |
| 2:02.0 | Their growth is phenomenal. |
... |
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