InvestTalk 7-3-2024 – Mortgage Payoff vs Investing: Which Builds Wealth Faster?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 July 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
Deciding whether to pay off a mortgage early or invest excess funds is a challenging financial dilemma. By comparing potential 8% investment returns to mortgage interest savings, while factoring in tax implications and retirement planning, it's possible to determine the optimal wealth-building strategy.
Today's Stocks & Topics: PERI - Perion Network Ltd., Market Wrap, MOH - Molina Healthcare Inc., Mortgage Payoff vs Investing: Which Builds Wealth Faster?, CD Rates, Regional Banks, GLNCY - Glencore PLC ADR, TECK - Teck Resources Ltd. Cl B, The Clothes in Your Closet, Investing Apps, FIVN - Five9 Inc., Capital Misallocation.
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Transcript
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| 0:00.0 | At a time when investors are confronted with market volatility and a variety of challenges |
| 0:09.8 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures. |
| 0:17.0 | Justin Klein and Luke Guerrero stand ready to take your finance and investment questions and share their unbiased answers. |
| 0:26.0 | Invest Talk is made possible by KPP Financial, |
| 0:30.0 | a registered investment advisor firm, serving clients throughout the United States. |
| 0:36.0 | The clarity for your path forward starts now. |
| 0:40.9 | Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:49.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:53.3 | This is our Wednesday, July 3rd, 2024 edition. |
| 0:57.4 | The third quarter has arrived and so has the July 4th weekend. |
| 1:02.2 | Hope everybody has some fun plans for tomorrow to celebrate and with me to celebrate is Luke Guerrero back with us. |
| 1:11.0 | Thanks for being here Luke. |
| 1:12.0 | Thanks for having me feeling very celebratory. You know it's |
| 1:14.6 | always interesting to me when the holiday happens in the middle of the week. It's kind of like a |
| 1:18.0 | reset to the week. Some people hate it. I actually like it. Well next year we get it on |
| 1:22.1 | Friday so I think that'll be a big weekend for |
| 1:25.5 | for everybody. Today we had a shortened trading session in markets and I believe Friday is a full day correct Friday is a full day that is correct |
| 1:36.8 | Friday is a full day so today was that holiday shortened day and then tomorrow we have the markets closed. |
| 1:43.0 | But despite the holiday coming up and everybody kind of ready for the weekend, |
| 1:49.0 | shall we say, we're still here. |
| 1:52.0 | We're still here to answer your finance and investment questions and give you our perspective or unbiased perspective so that you can understand the data that's coming through every single day, |
| 2:04.0 | understanding in context as best as you know us professionals can, |
... |
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