Markets Down; Big Surprise with Gil Baumgarten

from Kerry Lutz's Financial Survival Network

Gil Baumgarten is a 36-year veteran of the securities and investment industry. Dow Down 765, we’ve been due for a correction since March 2020. Shortest time in history where the market doubled. Technology has brought about a huge evolution. Spreads have diminished. Everything is digitized. High frequency traders have changed the game. It’s made commissions free and has saved investors money. It’s an unsolvable puzzle. If the SEC reverses this policy is could have negative effects. Buy blue chips to hold for the long-run. Gil is a big proponent of ETF’s. Avoiding commingled accounting and annual gains involved with traditional mutual funds is a major benefit. That combined with estate planning benefits can make a huge difference in estate taxes.

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