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Money Matters by Allworth Financial

The costs of free stock trading

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 13 February 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

On this week's Money Matters, Scott and Pat discuss the free stock trading boom and who will ultimately get hurt. Scott and Pat speak with a father who wants to help his son by renting a house that his child purchases. A caller asks how he and his fiancé can lower capital gains taxes on two home sales. Finally, a man with a vacation home worth $550,000 asks if he should pay down the mortgage with cash from his IRA. 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?

0:27.6

Visit allworthfinancial.com slash radio to listen to the Money Matters podcast.

0:35.9

Welcome to Allworth's Money Matters. I'm Scott Hanson.

0:38.8

I'm Pat McLean.

0:39.7

Glad you are here with us on this broadcast over the weekend, but you might be listening to a podcast.

0:44.9

Anyway, glad you are joining us as we talk about financial markets, investments, retirement.

0:51.6

I mean, retirement is what we do.

0:53.1

We're not going to talk about Bitcoin, though.

0:56.1

I was on my list of one of the things just to mention.

0:59.2

Was it really?

1:00.0

Well, both myself and my co-hosts, we're both financial advisors, been doing this for 30 years, practically.

1:05.1

Been doing this program for 25 years.

1:08.9

And we talk about all things financial.

1:10.8

But here's what this, when this past week was, years. And we talk about all things financial.

1:18.5

But here's what this, when this past week, when Tesla announced they bought $1.5 billion worth of Bitcoin.

1:19.8

Which was just, just, it was mind boggling to me that that was an asset that a publicly traded company could

1:30.9

actually it's not anywhere close to a cash equivalent well that's what that's what they're selling

1:36.2

it as that's right it's so volatile like if you're Tesla that's your where your cash reserves are

1:42.3

who knows what i mean no one's going to actually treat that as a reserve.

1:46.3

That's right.

1:46.7

No, bank would or other lender.

...

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