Episode 107: What They're Saying: Grading the Gurus

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."