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InvestTalk

InvestTalk 7-3-2024 – Mortgage Payoff vs Investing: Which Builds Wealth Faster?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.41.5K 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

Click on a timestamp to play from that location

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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