Liz Ann Sonders: Investing in the Face of Recession - 228

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2.3 • 681 Ratings

🗓️ 2 July 2019

⏱️ 47 minutes

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Summary

"If we're heading to a recession, we're already in it." Liz Ann Sonders (Chief Investment Strategist, Charles Schwab & Co.) shares her mid-year market insights and provides strategies for removing the emotion from investing, regardless of market conditions. Plus, Joe and Big Al answer your money questions: how do you diversify a portfolio for the best returns and tax efficiency? And when does it make sense to do a traditional 401(k) instead of a Roth 401(k)? Transcript & show notes: http://bit.ly/YMYW-228

Transcript

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0:00.0	We did see that huge denting of corporate confidence.
0:04.0	We've seen two quarters in a row now of negative capital spending.
0:08.0	Two-thirds of the time that's happened in the past.
0:10.0	You are actually in recession.
0:12.0	It's not just a warning of recession.
0:13.0	You're in recession.
0:14.0	The yield curve has been inverted now for about five weeks.
0:17.0	That's a pretty sustainable period of time.
0:19.0	And sadly, what I'd say is if we are heading
0:22.6	into a recession, we're already in it. That's Liz Ann Saunders, senior vice president and chief
0:28.5	investment strategist for Charles Schwab and company. Today, on your money, your wealth, she shares
0:33.5	her mid-year analysis of the market. The trade war with China seems to be in a truce at the
0:37.9	moment following the G20 summit, but who knows what happens next? How might tariffs, interest
0:42.6	rates or politics affect the market? And how should investors manage their portfolios in a recession?
0:47.8	Keep listening for strategies to take the emotion out of investing. Plus, Joe and Big Al, answer
0:52.9	your money questions. How should you diversify your
0:55.4	portfolio for the best possible returns or tax efficiency? And one does it make sense to do a
1:00.7	traditional 401k rather than a Roth 401k? I'm producer Andy Last, and here with our guest, Lizanne
1:06.4	Saunders, our Pure Financial Advisors, Director of Research, Brian Perry, CFP, CFA, and Big Al Clopine, CPA.
1:14.3	Lizanne, thanks so much for joining us.
1:16.4	My pleasure. Thank you for having me.
1:18.1	Maybe I'll start broadly. Just give us some thoughts about what happened in the second quarter,
	...

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