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It looks scary there.
Since mid-August, the S&P 500 is down 14%; Tech-heavy Nasdaq Composite, up 17%.
One of the reasons behind the route: interest rates. They are growing at the fastest clip in decades. When this year began, the interest rate on the two-year Treasury bond was 0.75%. Now it is 4.2%.
So, is it shopping time, or a time to panic? Should you sell stocks and buy bonds?
These are two of the many questions that we are trying to answer in this podcast special.
As always, financial journalist Miranda Markit is accompanied by host Stacey Johnson. Listening in and occasionally contributing to producer Aaron Freeman. Today’s guest of honor is Jason Witug, former bank executive and financial wellness expert.
Remember, even though we sometimes talk about specific investments in the show, don’t take them as recommendations. Before investing or putting any money in anything, do your research and make your own informed decisions.
You can watch the episode below, or if you prefer to listen, you can do so with the player at the top of this article or download the episode from wherever you find your podcast:
Don’t forget to check out our podcast page for more episodes designed to help you get the most out of your money, and our YouTube page for more videos.
What’s up with the stock market?
The Federal Reserve raised rates again on September 21, bringing the target federal funds rate to its highest level since 2008. It is quite common for the stock market to pull back when the Fed raises rates. The stock market is likely to rise further in the coming months. So what should you do?
How to invest when the stock market is down
We talk about staying the course and sticking to your plan. However, if you’re concerned, there are other options.
What are we investing in?
We also talk about what’s on sale, and how you can get a good deal on some solid stocks. We haven’t pulled the trigger yet – it’s a bit early for that – but here are a few we’re interested in:
Disney (DIS) META (F) Apple (AAPL) Alphabet (GOOG) Microsoft (MSFT)
We also talk about investing in semiconductor companies and the pharmaceutical sector. We also talk about dividend stocks sometime. If you want to learn more about it, watch the podcast episode on Dividend Investing.
Meet this week’s guest, Jason Vitug. From
Jason Witt / Money Talks News
Jason Wittg is an award-winning producer, author, speaker, entrepreneur and producer. He is the founder of the personal finance website phroogal.com, the creator of the road to financial wellness, and the champion of #theSmileLifestyle, a community dedicated to experiential and purposeful living.
Jason is the author of the bestselling and New York Times-reviewed book “You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life.” His TEDx about breaking the money taboo is one of the most viewed talks on money.
In his past life, Jason was a nationally recognized credit union executive financial wellness champion. He currently works with Fortune 500 companies, credit unions, community banks and fintech startups on wellness initiatives.
Jason received his undergraduate degree at Rutgers University and an MBA at Norwich University. He is an avid traveler, having been to all US states, explored 45 countries and set foot on five continents. He is also a certified yoga teacher and breathing specialist.
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about the hosts
Stacey Johnson founded Money Talks News in 1991. He is a CPA, and has also earned licenses in Stocks, Commodities, Options Principal, Mutual Funds, Life Insurance, Securities Supervisor and Real Estate.
Miranda Markit, MBA, is a financial expert, author and speaker. She has been covering personal finance and investing topics for almost 20 years. When she’s not writing and podcasting, she enjoys traveling, reading, and hanging out.