Where You Should Invest Now
Ryan Ermey: Between the upcoming election and, oh yeah, the ongoing pandemic, uncertainty abounds in investing markets. Kiplinger.com investing guru Kyle Woodley joins the show to answer burning investor questions in our main segment. On today's show, Sandy and I discuss the documents you'll need to keep handy in case of a natural disaster and end the show with an important programming announcement. That's all ahead on this episode of Your Money's Worth. Stick around.
- Episode Length: 00:33:00
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Ryan Ermey: Welcome to Your Money's Worth. I'm Kiplinger's associate editor Ryan Ermey, joined as always by senior editor Sandy Block. Sandy, how are you?
Sandy Block: I'm good, Ryan. And I have a question for you. If you suddenly had to leave your house, because of a fire or a chemical spill or something like that, what would be the first things that you would grab on your way out?
Ryan Ermey: Probably my two porcelain cheetahs and my framed poster of Allen Iverson.
Sandy Block: I think you were going to say -- too big, too big.
Ryan Ermey: No, I don't know . . . my passport and my underwear. I don't know. No. Anytime I'm going on a trip, if I'm about to walk out the door . . . I go -- all right -- passport, underwear. Okay, everything else, I can probably go without, but those two things I always have. But that is the topic of our show today. Not passports and underwear, but what you should take with you if you have to evacuate your home. And this is particularly timely given, I mean, our heart goes out to everyone on the West Coast who's threatened by wildfires. It's also hurricanes, there's tropical storms, just all kinds of perilous things going on . . . lions and tigers and bears. So, Sandy, what do we think that people should absolutely be taking from their home that will affect their finances in their life pretty materially?
Sandy Block: Well, the good thing is now a lot of the things that you need, you may have already stored it digitally. When I used to ask this question to people, I always think it's really interesting to ask them what they'll grab. And they would say, "Oh my pictures," and people don't say that so much anymore, because a lot of people have all their pictures backed up.
Ryan Ermey: It's in your phone.
: And I think that's true of a lot of financial documents, too. So you may not be as vulnerable as you used to be. I mean, obviously the first thing you want, you want your wallet, you want your phone. Your wallet is going to contain the identification that you're going to need. And obviously you want your phone. And it's a good idea to have some cash, because in a real disaster, you may not be able to get access to ATMs. So a lot of people keep a little cash around the house just for this reason. And it's not a bad idea
