RUSH TRANSCRIPT Chat with ░░░░░░░░ expert I am gonna ░░░░░░░░ my best year and ░░░░░░░░ you so much and ░░░░░░░░ talk My friends in ░░░░░░░░ land area thoroughly confused ░░░░░░░░ It s okay if ░░░░░░░░ are it s a ░░░░░░░░ concept to grasp let ░░░░░░░░ implemented using your day ░░░░░░░░ day lives not to ░░░░░░░░ I know a lot ░░░░░░░░ you out There are ░░░░░░░░ just to put gas ░░░░░░░░ your car s food ░░░░░░░░ the table so market ░░░░░░░░ or probably not a ░░░░░░░░ concern for all of ░░░░░░░░ right now But that ░░░░░░░░ why we re bringing ░░░░░░░░ Brian van dyk president ░░░░░░░░ m j p wealth ░░░░░░░░ to put all of ░░░░░░░░ into a A broader ░░░░░░░░ Brian thanks for joining ░░░░░░░░ today thanks to be ░░░░░░░░ so I just mentioned ░░░░░░░░ lot of our viewers ░░░░░░░░ having a hard time ░░░░░░░░ gas prices skyrocketing inflation ░░░░░░░░ prices are through the ░░░░░░░░ Why should they care ░░░░░░░░ other people stock portfolios ░░░░░░░░ does any of this ░░░░░░░░ them Great question I ░░░░░░░░ think it comes back ░░░░░░░░ sentiment know how people ░░░░░░░░ feeling sometimes dictates how ░░░░░░░░ re going to behave ░░░░░░░░ the economy right now ░░░░░░░░ are feeling the prices ░░░░░░░░ they go to the ░░░░░░░░ store in the palm ░░░░░░░░ at the same point ░░░░░░░░ time if your stock ░░░░░░░░ down That sometimes is ░░░░░░░░ sentiment indicator where things ░░░░░░░░ go moving forward However ░░░░░░░░ you said in some ░░░░░░░░ year earlier segments this ░░░░░░░░ it doesn t necessarily ░░░░░░░░ these are permanent items ░░░░░░░░ I think it s ░░░░░░░░ that we need to ░░░░░░░░ aware because from an ░░░░░░░░ perspective a lot of ░░░░░░░░ are interconnected So could ░░░░░░░░ be an opportunity for ░░░░░░░░ people who do have ░░░░░░░░ little bit of money ░░░░░░░░ invest would now be ░░░░░░░░ good time to start ░░░░░░░░ in stocks and how ░░░░░░░░ that any better than ░░░░░░░░ your money in the ░░░░░░░░ Sure so when you ░░░░░░░░ about investing it s ░░░░░░░░ concept of trying to ░░░░░░░░ your money grow faster ░░░░░░░░ inflation and we know ░░░░░░░░ now Inflation is obviously ░░░░░░░░ key risk when we ░░░░░░░░ about things from an ░░░░░░░░ perspective but also just ░░░░░░░░ personal perspective in trying ░░░░░░░░ run your household so ░░░░░░░░ your money in that ░░░░░░░░ might be see save ░░░░░░░░ if that doesn t ░░░░░░░░ that it can buy ░░░░░░░░ much when you go ░░░░░░░░ the grocery store or ░░░░░░░░ or at the gasoline ░░░░░░░░ that you gonna Look ░░░░░░░░ other alternatives is a ░░░░░░░░ to grow your money ░░░░░░░░ if we look back ░░░░░░░░ history the stock market ░░░░░░░░ been a great investment ░░░░░░░░ clients and investors Who ░░░░░░░░ tolerate some risk You ░░░░░░░░ about things over the ░░░░░░░░ perspective over the longer ░░░░░░░░ because it s companies ░░░░░░░░ so does the value ░░░░░░░░ your portfolio yeah It ░░░░░░░░ an important thing to ░░░░░░░░ If you have the ░░░░░░░░ know the available funds ░░░░░░░░ do that but obviously ░░░░░░░░ everyone has has that ░░░░░░░░ that extra cash to ░░░░░░░░ so for people in ░░░░░░░░ money situations right now ░░░░░░░░ can they best navigate ░░░░░░░░ s going on out ░░░░░░░░ I really appreciate that ░░░░░░░░ because I think any ░░░░░░░░ you have these types ░░░░░░░░ adjustments in the economy ░░░░░░░░ are the stock market ░░░░░░░░ re gonna come back ░░░░░░░░ the beach it you ░░░░░░░░ where your money go ░░░░░░░░ maybe it makes sense ░░░░░░░░ now to reevaluate that ░░░░░░░░ you re How many ░░░░░░░░ did you sign up ░░░░░░░░ over the last year ░░░░░░░░ are still using those ░░░░░░░░ right now or are ░░░░░░░░ cognizant of how much ░░░░░░░░ eat out versus how ░░░░░░░░ you cook at home ░░░░░░░░ looking for different ways ░░░░░░░░ see and at the ░░░░░░░░ point in time to ░░░░░░░░ it with your credit ░░░░░░░░ Are They charging you ░░░░░░░░ high rate of interest ░░░░░░░░ tolerable level of interest ░░░░░░░░ I think right now ░░░░░░░░ getting back to looking ░░░░░░░░ a budget looking at ░░░░░░░░ cashflow surfing what your ░░░░░░░░ are for the year ░░░░░░░░ probably the best place ░░░░░░░░ start So I want ░░░░░░░░ if we can end ░░░░░░░░ a broader note and ░░░░░░░░ possible a more hopeful ░░░░░░░░ Is there any indication ░░░░░░░░ things could get better ░░░░░░░░ stockholders and for people ░░░░░░░░ are out there just ░░░░░░░░ to get by Absolutely ░░░░░░░░ you asking that question ░░░░░░░░ I think right now ░░░░░░░░ have to keep this ░░░░░░░░ in in perspective This ░░░░░░░░ specifically in the stock ░░░░░░░░ is the worst start ░░░░░░░░ since the late thirties ░░░░░░░░ over the last forty ░░░░░░░░ that we re stop ░░░░░░░░ in the bond market ░░░░░░░░ conservative investors that the ░░░░░░░░ point in time we ░░░░░░░░ try to come out ░░░░░░░░ the pandemic was supply ░░░░░░░░ issues around the world ░░░░░░░░ Reserve talking about interest ░░░░░░░░ and uncertainty around inflation ░░░░░░░░ course we have a ░░░░░░░░ in Ukraine so there ░░░░░░░░ a lot of uncertainty ░░░░░░░░ the reality is A ░░░░░░░░ of these items are ░░░░░░░░ permanent and as time ░░░░░░░░ on supply chain inefficiencies ░░░░░░░░ prove we could be ░░░░░░░░ inflation is going to ░░░░░░░░ down we still see ░░░░░░░░ traded companies expanding their ░░░░░░░░ and we think that ░░░░░░░░ the bounds of the ░░░░░░░░ and next year the ░░░░░░░░ economy probably is not ░░░░░░░░ to go into a ░░░░░░░░ and as a result ░░░░░░░░ of this lost value ░░░░░░░░ we re seeing right ░░░░░░░░ in the stock market ░░░░░░░░ come back at tough ░░░░░░░░ all around hopeful Some ░░░░░░░░ at the end of ░░░░░░░░ tunnel Brian thanks so ░░░░░░░░ for coming on NBC ░░░░░░░░ to talk to us ░░░░░░░░ it today That s ░░░░░░░░ much I think you ░░░░░░░░ all this stop talking ░░░░░░░░ might be saying am ░░░░░░░░ doing enough when it ░░░░░░░░ to investing that s ░░░░░░░░ thing According to a ░░░░░░░░ study by magnify many ░░░░░░░░ our age