Why most investors underperform the market, where to put home sale proceeds, and finding a place for 401(k) funds in retirement.

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 17 June 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s Money Matters, Scott and Pat explain why chasing short-term gains can lead to long-term problems. A Tennessee father asks whether buying his son a first home is a smart idea. A 31-year-old caller from Washington, D.C. wants to know where he should invest $500,000 in proceeds from the sale of his house. Finally, a Texas man who is about to retire asks for advice on where he should park the money sitting in his company’s 401(k). Join Money Matters: Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at [email protected]. Download and rate our podcast here.

Transcript

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0:00.0	Would you like an opinion on a financial matter you're dealing with?
0:09.4	Whether it's about retirement, investments, taxes, or 401ks, Scott Hanson and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:19.4	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:26.7	Welcome to All-Worth Money Matters, Scott Hanson, Pat McLean. Glad you're with us, both myself,
0:31.8	and my co-host here. We're both financial advisors. Certified financial planner, charter financial consultant.
0:38.2	We spend our weekdays with people like yourself and become your financial advisors on the air as we have our weekend podcast and radio show.
0:50.2	We try to help.
0:52.0	Yeah.
0:52.3	Financial stuff.
0:53.7	Financial stuff. Financial stuff.
0:54.6	And pay attention of what's going on in the markets and all those sort of things.
0:59.3	And it's been an interesting year with the markets anyway.
1:03.6	Like pretty much all the gains in the S&P 500 are coming from a handful of technology
1:10.0	companies.
1:10.5	Just the few.
1:11.3	And you, I think seven or eight, you take those, and you can think of the names.
1:14.8	You take those out and it's flat or down.
1:17.5	And they used to call them the fangs, but they've given them a new acronym because some
1:22.6	of the companies have actually changed their names.
1:24.9	So Facebook went to Meta.
1:27.1	Google went to alphabet. Yeah. So it went to Meta. Google went to Alphabet.
1:28.5	Yeah.
	...

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