Welcome back for another new episode of Our 2 Cents! We're talking about winning big in the lottery, another round of rate hikes by the Fed, and then we're having a lot of fun providing our perspectives on the advice of some well-known industry experts. Tune in now, and let us know what grade you'd give to some of these gurus.
- The Mega Millions Jackpot Surges:
- What should you do if you were to win?
- Should you take the lump sum or opt for the payments over several years?
- The Fed is At It Again:
- The Federal Reserve again lifted interest rates by 0.75%.
- Why are they doing this, and will it continue to slow down the economy?
- What could happen at their next meeting in September?
- Grading the Gurus & Their Advice:
- Phil Orlando (an Equity Strategist) says the market will decline further over the summer, and he favors value stocks over growth stocks.
- Sam Robson (a Financial Author) says the bear market is a fantastic opportunity for long-term investors; long-term being the key phrase.
- Robert Kiyosaki (an Author) says a market crash is coming and to buy gold and silver.
- Grant Soliven (Columnist and Financial Advisor) says to beware of making emotional decisions in turbulent times.
- Chris Orestis (head of a national retirement resource organization) said if it were him and he was about to retire, he would delay it a year or two.
- Warren Buffett (Businessman and Investor) says "The most important thing to do if you find yourself in a hole is to stop digging," and "Be fearful when others are greedy, and greedy when others are fearful."
