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'If you’re not familiar with Bitcoin, now is not the time to get in': DLB Financial Services CEO

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Debbie Bloyd, DLB Financial Services CEO, joins Yahoo Finance Live to discuss earnings season, hedging inflation, and the Trump-tied SPAC Digital World Acquisition.

Video Transcript

KARINA MITCHELL: We are going to stay on the markets right now and bring in our next guest, Debbie Boyd, DLB Financial Services CEO. Debbie, thank you so much for joining us today. And earnings taking a bit of an interesting turn, right? We've just heard from Jared about some of the stocks making moves. Companies like Mattel and Chipotle hit it out of the park, right, on saying they're passing on the cost to the consumer. Intel, the news not so good.

And then Snap saying ad revenue taking a hit because companies, they don't want to advertise products. They're not sure that they can deliver on time. So I want to ask you, who are the big winners going to be this season? Because it definitely looks like the loser is going to be the consumer. What's your take?

DEBBIE BOYD: Well, I think things are changing. Inflation is going up. Interest rates are going up. Do we think it would stay this low forever? I think people are just in denial of how this market works. It's been too long since we've had a market downturn. And we're kind of set for one of those. So just think about it. Some of the winners are the ones that can zig and zag through everything. They've planned ahead.

I know Chipotle's boss, CEO, just talked about how they've been down this road before. They've had supply issue problems. And they figured it out five, six years ago. So it's going to be much easier this time around. They don't want to adjust their prices. Consumers still think they're getting a good deal. And I think they do a lot to promote that. Snapchat is going to have some problems, although they have instigated new platforms and new ways for people that use Snapchat to talk about mental health issues and stressors of their days.

But I think we're also going to see that they're down because you've got to opt in twice now in order to get sales. On the TikTok, I don't have to do that, neither on Instagram. So I think all of these platforms are going to go through some changes. We have to realize that consumers, we've always ruled the day. But with this supply chain issue, we're having problems. We're having problems building our homes. We're having problems getting supplies, getting things. And that's going to keep happening as long as we have a labor problem.

ALEXIS CHRISTOFOROUS: And Debbie, what are you doing in terms of making changes to the portfolio now that even the Federal Reserve is admitting inflation may not be as transient as it first thought? It will probably be with us well into next year, as will these supply chain issues. What kinds of changes are you making to the portfolio to reflect that?

DEBBIE BOYD: I think we need to stay a little bit more heavy in the cash area. You know, cash has always been said to be king. And now's the time that you're going to have to have more cash. Things are going to start costing more. You have to be more liquid. You also might want if you're older and you're investing, you might want to get out of some riskier stocks. Can you take a plunge like we've seen on some of these stocks? No, if can't, if you're close to retirement, you can't afford to lose 20% of your portfolio.

So maybe now's a great time to diversify it and move it into things that are more stable. Maybe you need insurance products. Maybe you just need cash. We've got to get out of the volatile things if we're scared of volatility. If you're younger-- I hate to say younger like me, but I'm 57. I've got a ways to go until I retire. I've got the bandwidth to wait for those stock markets to come back up and for inflation to change. I just don't think it's going to change quickly. We've got to be prepared.

KARINA MITCHELL: And so, Debbie, cash is king, you're saying right now. But what about if you did want to hedge? So a lot of news about Bitcoin coming out with the futures ETF, BITO. It's up more than $1 billion has changed hands in just the first two days. It's down a little bit today. But another Bitcoin ETF also out today from Valkyrie, 10 more crypto funds in the SEC pipeline in the queue. So, is Bitcoin a good hedge, or do you worry sometimes about the problem of sizing as we move forward?

DEBBIE BOYD: I think we have to stay with, if you're an investor, you have to stay with what you know. So if you don't know anything about Bitcoin, don't invest in it. But an ETF is better. So if you can get into a fund of bitcoins, it's easier to understand. You've got to stick with what you know. And you've got to know enough to know how the market is moving. So if you're not familiar with Bitcoin, now is not the time to get in. Don't risk all your money. You can risk a little bit, but don't risk a lot. You have to do your investigative work.

ALEXIS CHRISTOFOROUS: Hey, Debbie, I want to bring your attention and our viewers' attention to, I think a new meme stock, I think we can safely say. It's called Digital World Acquisition. So this is the SPAC that's taking former President Donald Trump's new social media platform public. The stock rose 100% just today. It's been all the talk on the Reddit boards. Tell me about how people who are seeing this and thinking this might be an opportunity for them, how do you think investors should be looking at something like a Digital World Acquisition right now? Take a look at that chart, by the way.

DEBBIE BOYD: Yeah, exactly. Yeah, I would look into it. I would take some of your-- so the stock market has always meant to be not your sole source of providing for yourself in the future, right? So you've got your safer things. You've got your equity that you have in your home and your pensions maybe or your 401(k). Everyone needs to risk a little bit of money, or you're not going to gain anything and be a hedge against inflation.

So digital products are only moving forward. That's the wave of the future. So if you're looking for long-term plays, this is a great one. You've just got to realize, some of your money needs to stay a little safer. And then you can risk whatever you're not afraid to lose. If it keeps you up at night, don't do it.

KARINA MITCHELL: Definitely have to have some skin in the game. Debbie Boyd--

DEBBIE BOYD: You do.

KARINA MITCHELL: --Financial Services CEO, thank you so much for your time and your perspective.