Russell Capital Management
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Tom, anchor: hi everyone.
Tom kenny herewith jack russell of russell tom, anchor: hi everyone.
Tom kenny herewith jack russell of russell capital management in lexington.
A lot of you have asked about interest rates, a lot of questions, a lot of concerns now that we're into 2021.
Jack russell has been an investment management for some 54 years.
He is the expert and let's talk about interest rates.
We know they're impossible to predict where they're going to go, where they'll be throughout the course of the year, but you do have some tremendous insight on what people should do with interest rates.
Jack russell: tom, interest rates concern almost everyone.
And it concerns your investment money, what to do with your investment money, what to do with your retirement money.
Should i borrow some money?
Should i make a gift to my children of the money i have because i don't know what to do with it.
Should i refinance my home, should i buy a bigger home and borrow more money?
These all affect all of us, every one.
And i think most of your viewers are interested not in the broad sense of interest rates, but how it will affect them, personally.
We're an uncharted territory.
We're seeing a massive influx of cash into our economy through what's called quantitative easing.
And people haven't heard that term, you can look it up, we don't have time to go into it right now.
But there's going to be a huge influx of money and cash into our economy that has no place to go.
Jack russell: where are you going to invest your money?
Are you going to put money market at zero interest or are you going to put it treasury bonds at almost 2%?
Are have to make a return on your money and you can't do it in income securities because rates are so low.
So there' s only one place for this tsunami of money, trillions and trillions of dollars that are going to be put into our economy.
Only two or three places for it togo stock market, real estate market, commodity markets, and that's it.
And i think most of us have the ability to purchase those kinds of assets.
And if you're borrowing money, rates are as low as they've ever been.
Just about, go ahead and refinance your mortgage.
Go ahead and buy a new house.
Don't worry about a half a percent and trying to out guess it because to outguess rates is very hard as, as a once said, making predictions is very hard particularly about the future.
Tom, anchor: we know we have barely scratched the surface here/ jack, if someone has more questions, how can they get in touch?
Jack russell: well, they can search for russell capital management or go to russcap.com.
And our website is pretty comprehensive and they can contact us through there.