Also in this playlist...
This transcript is automatically generated
Or again is Keith FitzGerald with money map press -- -- Last week was horrendous for the stock market are you -- and -- some -- -- found her weakness.
Very very very carefully I am not optimistic about president Obama's next four years I think it's going to be very choppy I think I'm very very concerned as you know about the fiscal cliff so.
To the extent we're buying it's the large mega caps it's in the industries that the world has to have as opposed to wants to have so that's -- energy certain types of medicine certain types of technology.
But beyond that really pulling in our wars right now so you wouldn't you attorneys really.
I don't know maybe some sort of modern day birds and of widows and orphans kind of -- then.
I think so they're really wanna go back who has the gold mining phenomenon of the 1840s and look at the guys are selling the picks and shovels right now don't look to the guys who were going to hills -- try to make a billion dollars.
Look to the guys are providing supplies to the guys going to the -- -- doing now.
-- you know and march of 2000 February march of 2009 American -- fifty billion dollars with the equity mutual funds.
When they probably should have been buying fifty billion the majority and sold out because -- President Obama.
In hindsight it was obviously an expensive mistake do you think knee jerk selling the market simply because the president has a second term could in the being the same -- -- mistake.
No question about it Charles I think that is the worst possible thing an individual investor can do.
You need to be in the markets and you need to be in the markets for appreciation and income and you need to use things like trailing stops for example it automatically make that decision for you.
If you've got a market millions of participants you're not smarter than that market I'm not smarter than that markets I don't wanna try to second guess that market.
But I do want to build on the fact that there are intelligent people.
Resource for corporations that have lots of cash are gonna continue to invest in our future regardless of who's in the white.
What happens though -- because you know the last couple years it's been Smart to go -- dividend payers these large names that you talk about the generate a lot of cash.
If for the most part are iron clad.
What happens if these taxes on the places all the sudden it just doesn't make sense to be an investor because.
In a risk that you take is is mitigated by the fact and -- -- taken the profits.
I think it's a very fair question -- is to be on a -- letter haven't thought that went all the way through yet I think there's questions and challenges related to that.
But for now the odds favor history favours everything we know favors continued investment until -- point becomes so disadvantage to invest.
I don't see it on horizon yet.
Beyond the fiscal cliff do you have worries in because for me I think the fiscal -- obviously as huge as it deserves to be.
At the top of the headlines but behind that.
You know I'm thinking that a second term is gonna bring all kinds of things that if in my mind there's going to be radical that gonna go after businesses I actually have a theory.
That the president is gonna actually try to go after profits made abroad before the repatriated.
So those are the kind of things that worry me tremendously or you do you have any kind of fears like that no worry about the conspiracy fears out there they love it out and -- -- -- loved them so we're about being labeled.
-- put on my you know as I say the tin foil hat.
You know I think that the more realistic fear you know I only they're gonna go after overseas profits but the thing I worry about frankly in which gives me a lot of pause.
Is -- they're gonna go after retirement assets.
If the Fed gets into the game says somehow we can manage your retirement better than you can't and they start going after all the money the socked away in IRAs and retirement plans everywhere.
That is serious trouble and you know that they've been looking -- -- -- investigation as to how they can get their meat hooks into it in area fed buy our debt and fueled by by accessed.
That one really does.
Give me -- -- these kids we can both agree what these -- with the planet they have they have to go out there find more money beyond these tax games are talking about so we have a lot to be concerned about we love you man was he Rosen.
Thanks just all right time now for --
Filter by section