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

Questions about money? Get expert answers. Email us at: askpete@petetheplanner.com

This week on the Pete the Planner Show, Pete and Damian welcome a special co-host: Pete’s daughter, Ollie!

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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.


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