Money Life with Chuck Jaffe

Stan Haithcock, also known as 'Stan the Annuity Man,' said investors should be wary of sales pitches for indexed annuities, which are advertised nationally but regulated by states, leaving consumers hearing 'potential, hypothetical, theoretical back-tested, hopeful, non-guaranteed, agent-created return scenarios' about products likely to disappoint in the long run. Also on the show, Tom Lydon of ETFTrends.com makes an emerging-markets bond fund his ETF of the Week, Greg McBride discusses the Fed's Wednesday meeting and what it means for the market and economy for the rest of the year, and we rebroadcast a recent interview with Brian Beitner of Chatauqua Capital Management.

David Jilek, chief investment strategist at Gateway Investment Advisers, said that bonds may not be the best way for investors to reduce risk in the current market, given where we are in the interest-rate cycle. Also on the show, Jeff Kelly, Jimmy Hausberg and Ray Baraldi of HighTower Advisors discuss whether investors should have long-term bonds in their portfolios now, Jill Gonzalez of WalletHub.com talks about the best frequent-flier programs, and David Miller of the Catalyst Mutual Funds has the Market Call.

Rich Guerrini, chief executive officer at PNC Investments, said that investors should recognize that they are nearing the end of a growth cycle -- though he does not expect that cycle to end until 2020 or later -- and that there is real risk behind current events, but he warned against being spooked out of the market when prospects the economy remain solid. Also on the show, Chuck answers an audience question about the 'Rule of 100,' Karen Arth of Key Bank discusses family dynamics in estate planning and Ian Mortimer of the Guiness Atkinson Global Innovators fund talks stocks in the Market Call.

Terri Spath, chief investment officer at Sierra Investment Management said that the market has plenty of current opportunities, but investors will be better served being selective and picking specific securities rather than buying indexes, noting that the market tends to 'take the escalator up, but the elevator down' meaning there could be significant bumps in the road ahead. Also on the show, Leonard Wright of the AICPA discusses retirees' most significant worries, author and financial adviser Eddie Ghabour talks about what it means to be a 'Common-Sense Bull' in this market, and Kyle Guske of New Constructs discusses why companies reaching for certain balance-sheet results are creating a dangerous false narrative.

John Waggoner, senior associate editor at Kiplinger's Personal Finance, discussed his research looking at how mutual funds performed during the market's late 2018 downturn and the snap-back rally in January and said that the market's 10-year-long rally gives investors few chances to see how a fund will perform in a downturn, making the recent experience relevant and important for investors worried about how their funds will weather future storms. Also on the show, Ken Schapiro of The Robo Report discussed the performance of robo-advisors over the last decade, author Niall Gannon discussed 'Tailered Wealth Management,' and Fidelity's Keith Bernhardt talked about required minimum distributions from retirement accounts.

Joe Davis, global chief economist at The Vanguard Group, said that despite significant headline risks, and slower rates of growth, the economy keeps chugging along and the stock market should mostly be moving forward with it. Davis said he entered the year with the Fed and interest rates as the top risk facing the market and he said much of that concern has been abated; trade issues -- his second-biggest concern -- are now the top worry. Also on the show, Tom Lydon of ETFTrends.com has the ETF of the Week, author Pat Garofalo discusses his book 'The Billionaire Boondoggle," and Fidelity's Begonya Klumb discusses health-savings accounts.

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for international investing -- especially in China -- remains strong, despite the dangers. Also on the show, Peter Lang and Michael Sheldon of HighTower Advisors revisit a classic and discuss active versus passive management styles, Ted Rossman of CreditCards.com covers a recent survey on which type of rewards consumers prefer, and Leah Bennett of Westwood Wealth Group talks stocks in the Market Call.

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for international investing -- especially in China -- remains strong, despite the dangers. Also on the show, Peter Lang and Michael Sheldon of HighTower Advisors revisit a classic and discuss active versus passive management styles, Ted Rossman of CreditCards.com covers a recent survey on which type of rewards consumers prefer, and Leah Bennett of Westwood Wealth Group talks stocks in the Market Call.

Giorgio Caputo, head of multi-asset strategies at J.O. Hambro Capital Management, said that the equity market is acting like the economy is strong and can keep rolling, while the bond market is nervous that trouble is mounting, leaving the Federal Reserve and its rate strategy as what may be the primary determinant of how the market goes for the rest of the year. Also on the show, Deborah Kearns of BankRate.com discusses a survey showing that homeowners often have buyer's remorse about their home, Zach Jonson of Stack Financial Management looks at the market's technicals and sees a bull with room to run for a bit longer, and Manny Weintraub of Integre Asset Management talks stocks in the Market Call.

John Blank, chief equity strategist and chief economist at Zacks Investment Research said investors should expect surprise rallies and retracements, but the market isn't going to make a strong bull move until August or later. Also on the show, Jill Gonzalez of WalletHub.com discussed their recent survey on how many Americans expect to miss a credit-card payment this year, David Trainer of New Constructs talked about the Lyft initial public offering and why the company -- with virtually no prospect for earnings -- is a trap. Also, Greg Woodard, portfolio strategist for Manning and Napier talks stocks in the Market Call.