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After their pandemic-fueled plunge, stocks have for the most-part recovered, and now that the economy is slowly opening back up, where do we go from here? Paul Dietrich, noted CNBC and FOX Business contributor and Chief Investment Strategist at B Riley Wealth Management shares his views with Vince Annable on this special edition of Your Money Manual. On this episode of our podcast you'll learn:
1) Why the stock market has remained so optimistic and how investors should analyze what's happening (02:56)
2) About the mindsets involved in reopening the economy vs. the importance of protect the public's health, and how the experts are addressing both concerns (09:15)
3) The potential short and long-term impacts of the coronavirus pandemic on employment, small businesses, and the economy (16:12)
4) That during uncertain times like these where risk in public markets may be greater, investors may be able to better protect their assets with and endowment style portfolio (23:27)
At one time or another your doctor may have recommended a stress test. Well did you know there is a financial stress test too? You can learn a lot about your current wealth management plan and whether or not you’re on the right path to achieving all that that you’re working so hard to build. The stress test may be one of the most important things you’ve ever done for your money, especially now during these unprecedented, uncertain times. Visit https://thehouseholdendowmentmodel.com, scroll down, click on the Stress Test Icon, and complete the short form. The stress test is absolutely free and can be completed in the comfort of your home, your office, or wherever you are. Once again, that’s https://thehouseholdendowmentmodel.com—then click on the stress test icon.
Paul Dietrich appears above on CNBC World's "Street Signs"