Ep. 389: A Unique Stock Market Year-End Review!

QUESTIONS ABOUT MONEY? GET EXPERT ANSWERS. EMAIL US AT: [email protected] week on the Pete the Planner Show, Pete and Damian welcome a special co-host: Pete’s daughter, Ollie! No time to listen? BUMMER. Here’s some of what happened: Show Notes: Stock Market Year-End Review (a month early): Back on March 23rd, Pete and Damian talked about the performance of the market. Neither predicted that things would recover and rally like it has. Guessing Game: How has this stock done this year – is it: up, really up, or down, or really down? Carnival Cruise Lines: (Olivia) Down; (Damian) Very down. – Actual: Very down. Peloton: (Olivia) Up to really up; (Damian) Astronomically up. – Actual: Really up.. Delta Airlines: (Olivia) Down; (Damian) Down. – Actual: Really down. ZOOM: (Olivia) Really up; (Damian) Really up. – Actual: Really down. S&P 500: (Olivia) Really up; – Actual: up.   Mailbag Question: “I like to think I’m very responsible with money. Other than mortgage ($308K), I have no debt. I make $216K salary + a bonus of about $75K per year. Cashflow is good and I max out my 401(k) with company match. I’ve got 3 kids, 17, 15, and 12 years old respectively. I have some college funds set up for them. Is it stupid to join a country club?“ Damian: I’m not unbiased. I grew up on a golf course. The one word that concerns us is “some.” IF the kids know what their future college expense responsible going to be, sure, join the club. Make memories! Pete: Me too. I’m leaning yes on this. His cash flow is significant. They could basically cashflow college.