PODCAST: This Couple Tackles Love and Money as a Team
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Links mentioned in this episode:
- Sell in May and Go Away? Here We Go Again …
- Midyear Investing Outlook: Where to Invest Now
- 5 Stocks to Sell or Avoid Now
- Fyooz Financial
- Getting Married? Don’t Forget to Talk Money First
Transcript:
David Muhlbaum: Whether couples choose to marry or not, they’re going to face money questions. Do you combine accounts? Who pays for what? These can be the thorny bits on the bloom of love so maybe you should let a couple help guide you with these issues. We’ll talk with a pair of financial advisors who have an interesting combination of qualifications and personal experience about love, money and business. Also, Mr. Market has been keeping us on our toes. A quick look at where stocks are headed in 2022. All coming up on this episode of Your Money’s Worth. Stick around.
David Muhlbaum: Welcome to Your Money’s Worth. I’m kiplinger.com senior online editor, David Muhlbaum, joined by my co-host senior editor, Sandy Block. Welcome to May, Sandy.
Sandy Block: Well, thank you. It’s kind of a weird, slow spring here but I’ll take it.
David Muhlbaum: Yeah, it was a year ago in, well, May, that we explored the stock market maxim, sell in May and go away. You remember that? The idea being that markets underperform in the summer so you shouldn’t really be invested in stocks then. Which of course violates all kinds of guidance to not try to time the markets.
Sandy Block: Yeah. I think we agreed that sell in May and go away is not really a thing, at least for the average retail, long-term investor. Although there are some market watchers saying that this is the year it’s really going to break for sell in May and go away, given what’s going on in May with inflation, interest rates, war and COVID, et cetera.
David Muhlbaum: Yeah. Well, that’s just their opinion, man, as a wise dude once said.
Sandy Block: The Dude abides! How long have you been waiting to quote The Big Lebowski on this podcast?
David Muhlbaum: That was the first time? I guess you’re right. I did get Monty Python in, but those factors, inflation, interest rates, geopolitical tension, those are facts, not opinions. And stocks this year well, they seem to be feeling it. The stock market in 2022 is, well, I think it’s fair to say it’s struggling. The S&P is flirting with bear market territory and the NASDAQ, well, it’s already there. It’s already in a bear market. But as we just noted, it’s only May. Where are we going from here?
Sandy Block: From here? Like to the end of the year?
David Muhlbaum: Well, yeah sure. A 2022 update. Look, I know this idea of measuring stock performance by the calendar year is a bit arbitrary. We’ve said as much here, but in the long run, if you want gains, invest in stocks. But as I think it was Keynes who said, “In the long run, we’re all dead.” Anyway, but there are perfectly valid reasons to have shorter time horizons and to want to move, as some would say, more tactically. Maybe there’s a reason that you need money in the near term or going to need money in the near term. Maybe you want to invest in some sectors, not others. There are reasons. A market update, you got one?
The person who should be answering this is probably our executive editor but I’ll do my best to channel Anne or rather, her story. First of all, those three terms, inflation, interest rates, geopolitical issues, they matter and she discusses them but the upshot of her piece and she talked to a lot of smart market watchers, is that really the forces for more gains or more losses are really quite balanced.
