It's time for investors to broaden portfolios, says SoFi's Liz Young Thomas

SoFi's Liz Young Thomas and Odyssey Capital's Jason Snipe join 'Closing Bell' to discuss the markets, the Fed's next moves, what to expect from a cutting cycle, and sector winners.

[@Muller_Andr]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 120k I have saved so far for retirement which has depleted over the years?

[@AnkurYo]

Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.

[@simone_maya]

I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.

[@AadhilaEesha]

In my opinion, create a budget including income and expenses, do this with a financial advisor.

[@AadhilaEesha]

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@FranciszekPawal]

In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.

[@elegboozioma7267]

I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

[@JuneTalley]

I bought into NVIDIA around September last year because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.

[@ShellyHuerta]

@@JuneTalley That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trends that are difficult for the untrained eyes to see.

[@elegboozioma7267]

@@ShellyHuerta That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?

[@ShellyHuerta]

@@elegboozioma7267 Victoria Carmen Santaella is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.

[@elegboozioma7267]

@@ShellyHuerta I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@roddywoods8130]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@selenajack2036]

I currently have $400K in equity in my home, and it's my primary asset. Is the suggestion here to sell now, cash out, and hold onto the funds until the housing market declines? What would be the best financial move in this situation? Any advice would be appreciated.

[@hushbash2989]

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@kaylawood9053]

I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

[@hushbash2989]

‘Lauren Marie Ehlers’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@bsetdays6784]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@vincenzoschulz]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@IsaacClark-j7h]

I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

[@AliceAnderson-in1et]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@vincenzoschulz]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant

[@IsaacClark-j7h]

I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...

[@vincenzoschulz]

I started working with Alex Gomez back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

[@rineleff2009]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[@user-fb2hk7vu3q]

Well you got a point truly but right now i feel e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.

[@KarenLynnOlsen]

With the current trend of the market my advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy.

[@rineleff2009]

Interesting, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?

[@KarenLynnOlsen]

I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.

[@christinajurado9180]

Can’t lie the name sounds too familiar I’ve come across individuals talking about her great service I guess this is a sign to try her out. Thanks for sharing

[@edwardfares2914]

Shoppers going to Walmart is called BROKE

[@MatthewMS.]

Scott sitting on the right is disorienting

[@Adarsh1024]

She keeps being bearish and the market keeps going up.

[@edwardfares2914]

She is right the Market is in for a surprise tomorrow when we get job revisions

[@Adarsh1024]

@@edwardfares2914 We will get 0.5 rate cut if that happens 😀

[@keto6789]

@@edwardfares2914 wrong

[@hangender]

She's telling you to broaden out. That's bullish.

[@bubbasanches4591]

I bet you thought the market would go up again today for the 9th or 10th time in a row... lmao

[@user-pn4fv3rg1e]

Just 1 question. Why is buffet selling. He sees something out there that's not good. Buffet almost 200B cash.

[@GenerationTech]

hes about to retire, probably collecting some cash to buy some big positions for the future of his company

[@edwardfares2914]

@@user-pn4fv3rg1e he knows

[@liudizzle]

I wonder how much she’s lost in this rally

[@user-lb3ij8dn6t]

Worst advice you can get from her sell at panic, remain bear in bounce, fomo in when top is near.

[@sunrizen]

She will be joining Mike Wilson in the retirement home soon.

[@LumenMichaelOne]

You guys switched seats. Why did you do that?

[@petermaag9622]

Seriously - so weird. What is this. She's talking so well she's slowly talking Scotty out of his seat lol

[@yanjieji8452]

This lady just does not have a clue...

[@user-bf3ex6kg7p]

as a beginner im searching for cues, i appreciate content such as this it gives us beginners hope.🏦

[@TehDeeBjorn]

She's been wrong so many times...I think she is going to be wrong again. Sofi cannot break out because of the "head of investment' is off all the time. She is taking the path of a Cathy Wood.

[@starship519]

Inflation is far from being under control. 0 cuts

[@karmasutra4774]

I wish, but it looks like 25 bps

[@JameyLane]

Done.. Fixed income is pretty much a bargain right now.

[@ranarana4471]

Based on my 21 years of trading experience.. gold is @high and everyone is bullish…. Winter is coming 😅

[@edwardfares2914]

I remain bearish on a soaring gold on unsustainable fiscal policy 😉

[@knt3219]

Did You See : GDX etf ! Sincerely❤❤❤, KNT.

[@littleturtle5818]

Is there a NFP revision tomorrow?

[@mCookiesMmm]

Yes

[@austinehasz3907]

Lmao she’s the biggest bear in Wall Street

[@petermaag9622]

Hey, she's open to being wrong again. So it's fine.

[@knt3219]

It Is More Likely To Break Few More Days On Upside ✅ And That Is My Prediction. Sincerely ❤️❤️❤️, KNT.

[@jeffreymancini409]

Why would anyone in their right mind listen to someone working for SoFi?

[@user-lb3ij8dn6t]

I rember she remained bear since 2022 2023, if she fomo in 2024, and then panick out again in augugust, her portfolio is at the bottom

[@PaulVegas-f9l]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.❤

[@AanyaAditi-f3m]

How please

[@AanyaAditi-f3m]

I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

[@PaulVegas-f9l]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@PaulVegas-f9l]

She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.

[@JustinGary-r6n]

😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

[@MPDLR]

Luscious Liz just plain sultry today. But no more weight loss. Not one ounce. Don't spoil this.

[@simrans3675]

Haha - calm down man! Don't get banned here, ok?

[@seichho73]

Listen to these people and you'll lose it all.

[@MoreFoodMoreFun]

Now again 25 is good and 50 is spooky 😂😂😂😂 crazy too much speculation no one knows what’s going on because we don’t know the real numbers

[@TehDeeBjorn]

She needs a lot of seasoning to be called a reliable analyst.

[@bradtaylor8624]

This bear has been wrong so many times....

[@FEDD]

Don't listen to her if you want to make money. Being employed by Sofi and not a real bank is a big clue.

[@2whitsbury]

Liz is disoriented and disorienting. The last 6 months have spun her out and like other overly cautious analysts she has no real answer to a market that keeps proving her wrong.

[@kashyappatel1988]

Market needed a good news to bounce back lol stating the obvious 😂

[@edwardfares2914]

S&P will end at $5300

[@austinehasz3907]

U must be one of those retail investors that put your life savings on S&P puts lol enjoy the Burn!!!

[@austinehasz3907]

Zero data to back that up Makes zero sense

[@weho_brian]

@@austinehasz3907 bears are brokies always hoping for that next big crash! 😄

[@edwardfares2914]

Love the cocky bulls solidifies my statement 😉

[@edwardfares2914]

@@austinehasz3907 It’s a prediction. It’s been the line in the sand all year. It will end around it.

[@johnsalvatore1473]

Like anyone’s going to listen to her 😂 oh wow now I’m going to reconfigure my profile because some lady on CNBC told me to 🤣 hilarious

[@PG-tc6os]

You are wrong all the time 😂

[@bubbasanches4591]

You thought nvda would hit 135 today tho? The same type who thinks market will go up 40% more by end of year

[@PG-tc6os]

@@bubbasanches4591 the market won’t hit that, there is so much volatility going on