Jun 27th, 2020 | Money Podcast

WHAT"S TOM DOING NEXT WITH HIS INVESTMENTS? New COVID-19 cases and deaths have spiked ever since states have begun campaigns to "reopen" their economies. What does this mean for your IRA? Your 401(k)? And any other investments? Find out what Tom JUST DID.

Fragile economic recovery faces first big test 

Got questions? Don't agree? Write Tom now: tom@blowmeuptom.com.

HOUR 1

Comments

Submitted by landon101 on

Tom,

Are you sticking with your high yielding dividend paying stocks like STWD etc.? I was just curious if you were winding down on those positions as well like the mutual funds. Excellent episode as always sir. Love these money podcasts.

Submitted by TomLeykisNNN on

...sticking with high-paying bulletproof stocks that don't involve shopping malls. Verizon, Clorox, AT&T, etc. I'm also sticking with Starwood. Till things begin to settle.

 

tom

Submitted by TallTim on

...mostly in the red states, where their budgets are already in trouble pre-WuhanFlu.

Don't forget the push to "Defund the Police" which will spike crime in the cities stupid enough to attempt it. Minneapolis already has a large 200+ tent encampment in one of their parks because of this. Residents have promised not to call the cops, to "protect" the people there.

Its going to be interesting for those that aren't able to defend themselves. And by "interesting" I mean "fucked".

The economy is going to tank as the initial lockdown effects are just being felt. There's more on tap, that's for sure.

Submitted by TallTim on

... but thats what I get when you have a forum with zero editing ability except for the administrator.

You'll see, should be fun. Watch Chicago and Minneapolis.

Submitted by Dditzhazy on

Hi Tom,

I want to buy real estate. It's been part of my plan for a few years. Because I have a lot of cash (couple hundred thousand), I can get a good loan and put down a large down payment. When do you think is a good time to go shopping? Seems like prices are high.

Submitted by TomLeykisNNN on

...that's for SURE!

 

tom