Stock Market Analysis – Before And After The 2020 Election - Bryan Piskorowski Ep67

The Investment Market Status in 2020- with Bryan Piskorowski

It is evident that 2020 has been a hard year for not only the US economy but also the global economy and many sectors have shifted in one way or the other. It is important to note that the current inflation no matter how small has had either long-term or short-term impacts on your investment portfolio. 

In this episode of the Page One Podcast, Luke Peters speaks with Bryan Piskorowski on the current investment market and the state of the economy. Bryan is the Managing Director, Head of Advice and Investment Guidance at Wells Fargo Asset Management. He is an accomplished wealth management executive with a proven track record of redefining advice delivery and portfolio implementation.

Listen in to learn what you need to know before investing in bonds in the current economic climate. You will also learn the importance of having an asset manager to help manage your portfolio and save you from emotional breakdown especially now during these unstable economic times.

Key Takeaways:

• Why there’s no chance of hyperinflation due to the 2020 pandemic due to lack of rush in the growth of resources.
• How to be creative when investing in bonds to continually make money in the current economic climate.
• How COVID-19 has changed different sectors’ performance in the last 12 months and how people are now doing business.

Episode Timeline:

• [1:44] Bryan describes his career for the last 25 years understanding clients’ needs and building new investment products at Wells Fargo Asset Management.
• [5:05] He explains the chances of inflation that exist in our economy in 2020 and 2021.
• [11:36] Why lack of stimulus packages won’t bring the economy down but will impact equity prices and the evaluation of equity risk.
• [16:24] The importance of having liquidity and short-term credit risk to get past the current inflation in your business.
• [19:30] Bryan explains the risks and advantages of investing in bonds in the current economic climate.
• [26:09] The potential of having gold as a way to diversify your investment portfolio.
• [29:42] How the unnatural buyers were brought out of the dollar market and the state of the USD currency.
• [34:10] The impact of COVID-19 in different industries plus the favorable and unfavorable areas to invest in.
• [43:08] The volatility of the 2020 market and how to remain optimistic by having an advisor to help manage your portfolio.
• [47:10] How to use your past successes and lessons to navigate your future.

Quotes:

“If you know your history, you’ll have a much better chance of being able to navigate the future.” [49:30]