Sep 24, 2021
Matt Fox, president of Ithaca Wealth Management, says that the market appears to have shaken off current events in China that were creating downward pressure, and it could soon be back to flirting with record highs and resuming its long climb. Fox noted that his big worry is less about anything he sees in the charts and more about the potential for the economy to have surprisingly slow growth. Also on the show, Erik Herzfeld of Thomas J. Herzfeld Advisors says that investors are sacrificing returns for liquidity when they choose traditional mutual funds and ETFs instead of closed-end funds, financial adviser Vidal Peoples of Strategies for Wealth discusses taking a fiscal physical now, and Sneha Jose, director of behavioral finance for Stifel discusses investor biases and how individuals and their hard-wired thinking frequently short-circuit the best-laid investment plans.