*Sorry for any errors in grammar as this was generated using AI
Chapter 1: Introduction to the Money Pig Podcast – 00:08
Chapter 2: Discussion about what to do with cash with Justin Pitcock, certified financial planner practitioner – 00:17
Chapter 3: The economics of what happened in 2022 and early 2023 – 01:22
Chapter 4: Options for cash – 05:04
Chapter 5: Cash alternatives – 07:13
Chapter 6: CDs and Treasuries – 07:42
Chapter 7: Laddering CDs or Treasuries – 10:14
Chapter 8: Retirement and the importance of earning higher rates of return – 12:05
Chapter 9: Risks associated with investing in CDs and Treasuries – 13:20
Chapter 10: Financial advisors and managing portfolios – 14:23
Chapter 11: Conclusion – 14:44
Money Pig Podcast by Goodwin Investment Advisory
Discussion on what to do with cash
Joined by Justin Pitcock, certified financial planner practitioner
People keep cash in various ways (backyard, mattress, bank)
Options for cash: checking, savings, money market, CDs, Treasuries
Purpose of cash determines investment strategy
CDs can be laddered through Fidelity brokerage account
Retirement is a long-term goal, CDs not a good option
Invest for a purpose and goal in the long-term
Goodwin Investment Advisory does not offer personalized investment or tax advice through the Money Pig Podcast.
From the transcript, there are a few potential follow-ups and action items that could be identified:
1. Explore options for cash: The podcast discusses various cash alternatives, such as checking accounts, savings accounts, money market accounts, CDs, and Treasuries. If someone is looking to invest their cash, they could explore these options and determine which one aligns best with their financial goals.
2. Consider laddering CDs or Treasuries: The podcast mentions that one strategy for investing cash is to ladder CDs or Treasuries, which involves buying multiple CDs or Treasuries with different maturity dates. This can provide a steady stream of income while still maintaining some liquidity.
3. Determine financial goals: The podcast emphasizes the importance of investing for a purpose or goal. It would be helpful for someone to determine their financial goals before making any investment decisions.
4. Consult a financial advisor: The podcast mentions that financial advisors can help individuals understand their financial goals and provide personalized investment advice. If someone is unsure about how to invest their cash, they could consider consulting a financial advisor for guidance.