Money Life with Chuck Jaffe

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NFCU's Frick: Biggest risk to investors now is their own behavior Mar 25, 2020

Show notes

Robert Frick, corporate economist at Navy Federal Credit Union, says that while the virus economy is a clear and present danger to the financial well-being of average investors -- and while the media has been stoking the fears of how bad the market and economy could be moving forward -- that the biggest threat most investors face right now is their own temperament and the ability to control their emotions and stay calm. He explains how investors need to use behavioral economics to filter out the noise. Also on the show, Jimmy Hausberg from HighTower Advisors talks about how investors should respond to building internal selling pressures, Gerri Detweiler of NAV.com discusses the new FICO credit-scoring system, and Dan Brady of Trendrating.com talks stocks -- and how few of them are worth buying right now -- in the Market Call.

Allianz's Mahajan: Get your watch list ready, look for improved values Mar 24, 2020

Show notes

Mona Mahajan, US investment strategist for Allianz Global Investors, says that the stock market won't stabilize until there is a visible path for a 'global return to normalcy,' but adds that she doesn't think the 'long-term fundamental health of the US economy is derailed' by the worldwide reaction to the coronavirus. As such, she will be looking for values and better risk-reward opportunities for when the worst of the troubles are past. Also on the show, Danielle Shay of SimplerTrading.com talks about the market's technicals, the hard time finding support and the growing number of investors who want to trade, Kathy Kristof of SideHusl.com discusses opportunities till out there for individuals who are looking for work while remaining physically distant, and Nancy Tengler of Laffer Tengler Wealth Management makes her debut in the Market Call talking dividend-oriented stocks.

Cambria Funds' Meb Faber on why 'Do nothing' remains the best advice Mar 23, 2020

Show notes

Meb Faber, head of the Cambria Funds and a noted observer of the investment world, says that while the depth and scope of the current downturn is breathtaking, the best way to deal with it remains being steadfast about your investment plans and changing nothing. Also on the show, Kyle Guske of New Constructs puts two popular brand-name stocks in the Danger Zone, and Dan Wiener, co-editor at The Independent Adviser for Vanguard Investors and chairman at Adviser Investments returns to the Market Call to talk mutual funds and ETFs.

ICON's Callahan: Stocks are at 'best bargain' levels, but not yet to buying point Mar 20, 2020

Show notes

Craig Callahan, president of the ICON Funds, says that the stock market's recent downturn has created the best bargains he has ever seen, better than the darkest days from the 2008 financial crisis or any other downturn he has lived through. He noted that all of the supporting conditions for a true buying opportunity are aligning right now; despite that, Callahan says it's not yet time to buy, though he thinks that time is 'close.' Also on the show, Bryce Rowe of National Securities discusses the double-digit dividends and growing discounts on business-development companies in The NAVigator segment, technical analyst John Kosar from Asbury Research says coronavirus has accelerated a downturn the market was setting up for, making the market oversold, although he was not ready to call for a bottom and will be watching if the market can turn roughly 2,350 on the Standard and Poor's 500 into a real support level; also Erin Kelly, author of 'Overload: How Good Jobs Went Bad and What We Can Do About It.'

Journalist Waggoner: 'I don't see anywhere you can make money on anything' Mar 19, 2020

Show notes

Veteran personal finance and financial writer John Waggoner visits Chuck for the Big Interview to discuss the many market melt-downs and rebounds they have seen in decades of covering the industry, and while Waggoner is confident that there will be a rebound for current problems, he noted that what is different about this downturn is the suddenness and steepness, combined with no apparent safe havens for making money. 'What's worrisome about today's market is that I don't see anywhere you can make any money on anything,' he says. 'Gold is down, bonds are down, stocks are down, everything is down.' Also on the show, Tom Lydon of ETFTrends.com makes a trend-following bond fund his 'ETF of the Week,' Eddie Perkin of Eaton Vance discusses the way investors are internalizing fear and greed in the current market, and Nick McCullum of Safe Dividends talks income-producing stocks in the Market Call.

Mellon's Reinhart: 'This is the downward part of the V; it's followed by the upward part' Mar 18, 2020

Show notes

Vince Reinhart, chief economist and macro strategist at Mellon notes that pandemics run their course and that most effects of this kind of market shock tend to be temporary. He notes that investors are best served to 'Keep calm and carry on,' as he believes the current downturn ultimately will be matched with a rebound once the effects of coronavirus are near or at an end. ASlso on the show, Andy Morse of HighTower Advisors discusses how investors should react to circumstances like current conditions that they have never seen or experienced before, Steve Utkus of the Vanguard Group talks investor expectations, and Mike Liss of American Century Value covers value investing and whether the market's decline is creating bargains yet in the Market Call.

3Edge's Folts: The market's not at attractive levels yet, but soon will be Mar 17, 2020

Show notes

Fritz Folts, chief investment strategist at 3Edge Asset Management, says that while the current market environment is extreme and represents a 'very deep hit to the economy,' he sees the potential for a quick and sharp recovery. That said, Folts was defensive before the market turned and remains that way despite the massive drop-off over the last two weeks; he expects beaten down asset classes to start to become attractive soon, and says he will be looking at adding to Asia, emerging markets and possibly gold as he starts to become aggressive closer to the bottom of the cycle. Also on the show, Gene Peroni of Peroni Portfolio Advisors says that the sectors that led the way as the market was peaking last month will likely be the first to recover, though he says he will not be surprised if we get a 'sawtooth recovery' with a lot of ups and downs on the way to bouncing back from current downturns. Nelson Schwartz of the New York times discusses his new book, 'The Velvet Rope Economy' and talks about how the current pandemic is exacerbating the differences between the haves and have-nots, and Greg McBride of Bankrate.com is in to discuss how low mortgage rates have not been enough to keep people from feeling the pinch of paying for their homes.

Closed-end funds look good to would-be buyers amid market's troubles Mar 16, 2020

Show notes

John Cole Scott, executive chairman of the Active Investment Company Alliance, says that investors looking for something to buy as they pick through the rubble of the market's recent freefall will find fertile opportunities in closed-end funds, where discounts have widened but yields are up since the market fell away from all-time highs a month ago. Scott offers a few attractive options for today's tough conditions. Also on the show, David Souccar of Vontobel Quality Growth gives an international take on markets, noting that while the moves feel extreme, the responses to them should not be, Kerry Pechter editor of Retirement Income Journal, discusses changes being made to retirement calculators, and Kyle Guske of New Constructs singles out two stocks that he says have entered the Danger Zone.

Technical analyst McMillan says 'There is no support level' for this market Mar 13, 2020

Show notes

Lawrence McMillan of McMillan Analysis says the market is oversold but it is falling so hard and fast that there is no solid level of support, and that it could fall further before it starts creating real buy signals. McMillan notes that people may be expecting buying opportunities, but they haven't arrived yet as just one obscure indicator from the many he looks at has created a buy signal, suggesting it's time to start buying again. Also on the show, Kathy Bostjancic, chief economist at Oxford Economics USA, says that the market is pricing in a recession which makes that unlikely that there is any way for the economy to avoid one amid the slowdown of economic activity created by the coronavirus. Also on the show, Kusara Barto of Squaremouth.com talks about how travel insurance is and isn't working for consumers who are thinking they might cancel planned trips, and Noland Langford of Left Brain Investment Research talks stocks in the Market Call.

HYCM's Coghlan: The market is grappling with how deep this hole will go Mar 12, 2020

Show notes

Giles Coghlan, chief currency analyst at HYCM, says that while domestic investors see trouble based on the US market, the coronavirus is having a global impact on markets that is still in the early stages of being sorted out. Coghlan notes that investors who maintain a three- to five-year outlook might find themselves buying into troubled industries like oil, but that anyone with a short-term view can't call a bottom yet, which is why investors should lengthen their time horizons and consider bargain hunting. Also on the show, Tom Lydon of ETFTrends.com makes a long-term Treasury fund his ETF of the Week, Dave Du Val of TaxAudit.com discusses how Americans are struggling to know IRS rules changes, and Bruce Kaser of The Turnaround Letter discusses in the Market Call the impact of the current decline on the types of troubled companies he pursues.

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