Money Life with Chuck Jaffe

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T. Rowe Price's Sharps expects a strong Covid rebound to power 2021 Dec 08, 2020

Show notes

Rob Sharps, head of investments at T. Rowe Price, says that unfulfilled demand that has been building up throughout the pandemic will be unleashed when the coronavirus threat is diminished and it will fuel a major rebound in many of the stocks and sectors that have been beaten down this year. Sharps is optimistic that the market can push higher, though he warns that any recovery will be uneven and says that income investors will need to get creative to overcome low interest rates. Also on the show, Jason Thomas, chief economist at AssetMark, Jason Thomas says the current economic environment has made it easy for typical investors to miss out on the market's run back to record highs, and while he is optimistic about the future, he notes that average investors may still miss out. And Leo Leydon of Financial Focus Advisory Services says that the market's technicals are showing that a pullback is in the offing; he expected the Standard and Poor's 500 to have a decline of more than 10 percent back to October lows before it can rebound to set new long-term highs.

IRA expert Slott has an unexpected tax tip for year-end 2020 Dec 07, 2020

Show notes

Ed Slott, the founder of IRAhelp.com, says that while retirement savers do not have to take 'required minimum distributions' this year -- a move made as part of the government's Covid-19 relief package -- he believes many investors who don't need an RMD could benefit from pulling money this year, making the money taxable at a time when earnings may be down as a result of the pandemic. He also discusses other year-end steps and why -- this year more than most -- key tax-reduction strategies are more accessible than in normal years. Also on the show, Glenn Williams from Primerica discusses the firm's recent survey of middle-income Americans and the impact coronavirus has had on their finances, David Trainer of New Constructs talks about index investing in the Danger Zone, and Chuck answers three audience questions about trading.

Chautauqua's Beitner: Optimism is excessive relative to long-term impacts from pandemic Dec 04, 2020

Show notes

Brian Beitner of Chautauqua Capital Management says that investors are risk-on right now -- despite a market and global economy that could have trouble shaking off the impacts of coronavirus -- at a time when they likely should be risk-off, meaning more conservative and fearful of a downturn. Also on the show, John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance answers audience questions and discusses how big discounts don't actually make closed-end funds 'cheap' on a relative basis, Lawrence McMillan of McMillan Analysis discusses why the market's technicals have him optimistic right now, and Ken Laudan of the Buffalo Discovery fund talks health-care and pharmaceutical stocks in the Market Call.

Two great money minds agree that forecasts aren't worth listening to Dec 03, 2020

Show notes

Barry Ritholtz of Ritholtz Wealth Management -- one of the nation's leading financial planners -- and Axel Merk of the Merk Funds agree that forecasts tend to be misleading, meaningless, overplayed but mostly wrong. In separate interviews, they talk about why they're not in favor of making predictions, but then cover wide stretches of ground, with Merk discussing the market for equities, gold and more, while Ritholtz discusses the importance of being able to ride out the trouble spots and the twists and drops that happen between now and when some long-term market projection comes true, noting that investors might have entered 2020 expecting low double-digit returns but many didn't get them because they couldn't stand the market's steep decline in February and March. Also on the show, Tom Lydon of ETFTrends.com discusses a dividend-investing strategy that he says can be an income replacement or supplement in a portfolio.

US Global's Holmes sees reasons for optimism ahead Dec 02, 2020

Show notes

Frank Holmes, chief executive at US Global Investors, says that key indicators suggest that central banks will keep priming the pump for the global stock market well into 2021 and beyond, and that most current trouble signs will simply turn into short-term dips that represent good buying opportunities as the market and economy emerge from the coronavirus pandemic. Also on the show, Noland Langford from Left Brain investment Research goes to an unlikely place -- the shopping mall -- to find two surprising stocks with the kind of near-term growth potential he likes, and Rob Lutts of Cabot Wealth Management talks stocks in the Market Call.

Technical analyst says this 'Buy every pull-back market' is here to stay Dec 01, 2020

Show notes

D.R. Barton Jr., editor of Straight-Up Profits, says that investors have so much money currently on the sidelines that when they start to put the money to work, it will force the market higher no matter the other market conditions, which is why he will be 'buying hand over fist' every market dip for the foreseeable future. Barton particularly likes cyclical stocks right now, but also likes the undervalued industrial companies and says that financials represent his favorite beaten-down sector. In the Big Interview, George Kinder of The Kinder Institute of Life Planning discusses how investors should size up their own good fortunes during the troubles of 2020 and find ways to be mature with their money, making them more generous during the holidays this year. Romana King discusses Zolo.com's recent survey showing how badly consumers overestimate their financial knowledge, and the Market Call has Mark Yusko of Morgan Creek Asset Management talking about how individuals can apply the 'endowment method of investing' using ETFs in their own portfolios.

New Constructs's Trainer; Tesla still headed for trouble as it enters major index Nov 30, 2020

Show notes

David Trainer of New Constructs has railed against Tesla Corp, in the past, putting the company and its stock in the Danger Zone on multiple occasions. He revisits the stock now, as it is entering the Standard and Poor's 500 Index, noting that status won't keep the company flying at its current too-high levels forever. He believe the economic value of the company is less than 10 percent of its current price. Also on the show, Ted Rossman of CreditCards.com discusses the site's latest survey of credit-card fees, cannabis banking expert Jason Wilson of ETF Managers Group discusses pot stocks and how they're responding to increasing legalization via elections held across the country, and David Snowball of MutualFundObserver.com talks about what investors should seek out in funds during the Market Call.

How closed-end funds can solve your low yield problems Nov 27, 2020

Show notes

Jonathan Browne, director of closed-end fund research at Robinson Capital, discusses the yield challenges facing investors today, when low interest rates have challenged the traditional 60-40 portfolio and when bonds have performed in lock-step with the stock market. He talks about how closed-end funds offer an 'alternative light' solution to some of those issues. Also on the show, Jill Gonzalez of WalletHub.com discusses the site's new survey on how the coronavirus is re-shaping holiday shopping habits this year, Howard Dvorkin of Debt.com on how to steer clear of holiday spending troubles this year, and Kevin Miller of the E-Valuator Funds talks ETFs and traditional mutual funds in the Market Call.

Left Brain's Hines: '5G' fuels growth far beyond the stay-at-home tech stocks Nov 25, 2020

Show notes

Mark Hines, managing director at Left Brain Investment Research, says that the 5G evolution is fueling growth among major players -- notably Nvidia -- that is going to continue even when the pandemic ends and the stocks that have benefitted from providing improved stay-at-home technology have seen the big wave settle down. Also on the show, Tom Lydon of ETFTrends.com makes an ESG fund his ETF of the Week, Lauren Kaminsky of EZ Pawn Corp. discusses the pawn business -- the world's oldest form of lending -- and how pawnbrokers have seen unexpected trends during the coronavirus pandemic, and George Young of the Villere Funds talks stocks, dividends and valuations in the Market Call.

LPL's Detrick: Bet on 'new bull market,' with stocks delivering double digits in 2021 Nov 24, 2020

Show notes

Ryan Detrick, chief market strategist at LPL Financial, says that economic surprises over the last six months have built up 'animal spirits' for the market to push higher, and that once vaccines help to diminish the impact of the coronavirus pandemic that the stock market is headed higher for a long time, delivering low double-digit returns next year. Opening the show talking technical analysis, Jeff Bishop of RagingBull.com talks about why he thinks Santa Claus will be coming to the market in late December and why he isn't currently worried about a big decline from near-record high stock-market levels. Also on the show, author Lawrence Cunningham discusses 'Quality Shareholders' and why individuals should gravitate toward companies that seek out those long-haul focused, patient investors, and Matt Zajechowski of Digital Third Coast discusses the firm's latest research into how the pandemic has changed consumer spending habits.

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