052624- Money Matters- Breaking Records Market Highs, Nvidia's Stellar Earnings, and Essential Financial Planning Tips

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Good morning everybody. It's Sunday morning, eight o'clock, this says Dean Greenberg,

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and this is the Money Matter Show. Every Sunday morning, we try

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to bring you two hours of pretty
good information about what's going on in the

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markets. Since we're not only financial
planners financial advisors, we also manage the

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money, so our money manage it. So we always speak from the knowledge

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of what we're actually looking at the
markets, generally what type of moves we're

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making. Do we like something,
do we not like something. So it's

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kind of a very interesting way to
to have a conversation with people and let

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them know, you know, what
we're thinking. I mean, we're not

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right all the time. We right
a lot of the time. We definitely

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will change if we have to.
You know, we like mitigating risk.

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We certainly don't sit around and say, hey, it's okay, don't worry

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the market fell, We'll be okay, it'll come back sometime. And I

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might be good for forty year old, thirty year old, even fifty year

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old, but sixty seventy eight year
olds they don't want to hear that.

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It's like, listen, this is
what we worked for all lives and now

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we're at the situation I want to
make some money and I want to go

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ahead and mitigate risk when you think
the time is right. So with the

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markets this week, we had a
lot of volatility, a lot of volatility,

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and that was created by the Federal
Reserve and by Navidia. And we're

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going to get into talking about those
two things in just a second. The

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Moneymatter Show is brought to you by
Greenberg Financial Group, which is both the

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registered investment advisory and a broken dealer. We're registered with the SEC, members

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of SIPIKA, members of FENRA.
On the show, we talk about different

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products, different ideas, different strategies. Everything has risk. Our opinion have

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risk, our suggestions have risk,
our strategies have risk. Everything has risk.

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So you have to understand how you
mitigate that risk within your risk tolerance.

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You have to understand that even though
the video is going through the roof

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cutting a little bit out as it
moves higher into earnings, it's not so

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bad. Yes, you leave some
money on the table, But if you

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bought that stock at one hundred,
two, three hundred, four hundred and

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even five hundred and it's at a
thousand right now, that's a huge move

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and you've made a lot of money
on depending on how much you put in.

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But if you had two, three, four hundred chair that stock and

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has run up that much, taken
a little bit off like one hundred shairs

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or four hundred fifty shares or three
hundred, it's not a bad idea at

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one time in the future, not
in near future, I don't think.

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But down the road competitors will catch
up and take some of the market share

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and become competitive, and the video
is going to have to obviously lower their

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prices. Now, will do their
technology stay ahead of the game. Absolutely

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right now it will because as people
are catching up, they're moving forward in

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the AI business. It is absolutely
a stock you want to hold, not

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trade, but you can't let it
take so much of the allocation of your

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portfolio that you're over allocated in one
company. I don't want to mention Enron

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because we know there was fraud there, but it still was a company that

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a lot of people lost a lot
of money on. Bass Stearns, Lehman

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Brothers, Merrill Lynch, Companies like
that that get destroyed in two thousand and

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eight. At least Merrill Lynch was
able to hook up with Bank of America

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and come back. Bass Stearns and
Lehman Brothers did not. Cisco was the

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darling of Wall Street in the nineties
and early two thousands because everybody that used

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the computer needed a Cisco equipment to
connect to the Internet. And they still

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do and they still making billions of
dollars. But it's not a growth company

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anymore. So it just trades as
a company as earnings go, a little

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bit of the move a little bit. Intel, IBM. IBM used to

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be the video then then well,
IBM turned into Apple, which is now

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turned into the video. Growth is
what you find once in a while in

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the generation and you ride those.
Apple was the first big one that you

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just had to hold on to and
it just kept growing and growing and growing.

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And then you have the Vidia and
it always seems to be tech stocks.

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Microsoft's another one, Meta is another
one Amazon. But the technology area,

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the semiconductor area, there's no doubt
in my mind, is over valued.

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But guess what it can stay overvalued
because they're trading on a year two

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years out numbers hoping that they would
make it. The problem is, one

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day this report will not be what
the investors want, and the stocks will

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get hurt, and so that's why
you take off the some money off the

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table and look elsewhere. So one
of the things we did with the video

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wasn't so much take all the money
off the stock itself, except some situations.

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But when it fell down a seven
hundred and fifty, the derivative part

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ENVDL, which was only trading at
about I don't know, thirty eight dollars

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or so thirty six dollars, bought
that, which was for trade, not

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an investment into the earnings. That
moved up to over fifty one dollars and

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at that time I sold it.
Why because I bought it for into the

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earnings, and the earnings were really
good, which is what we expected.

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Take that money off the table and
hold the stock. And I'm glad we

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did. Why because the video came
out and said they're going to do a

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ten for one split now. So
that means if you have one hundred shares,

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you will now have a thousand shares
come June seven, I believe it

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is. And then you're looking for
people to come in and buy it and

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their earnings good and grow again.
And that's how people got so much apple.

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That's how much people got so much
Amazon and Microsoft. You split the

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companies keep growing and move forward.
Now great as the video looks right now,

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and it's everyone's dalling. It's a
chip company. It's a semiconductor company.

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It's not Microsoft that we need to
use all their products for all the

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computers, and they have to keep
renewing them and get better. And that's

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a company that if you own it, you can hold it forever. I'm

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not sure in the video is that
company. I do believe you hold it

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now, you'll let it split.
It moves up again, and then you

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start thinking, maybe it take some
money off the table. No one saying

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you have to sell the whole thing. Don't time it trade it. It

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will probably continue to move up right
into the split, and then it'll trade.

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Think about Apple, how much that
has grown and grown and grown and

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grown, And it actually, up
until about a month and a half ago,

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was down for a while. It
was like down in the one sixty

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one seventy area. I was back
to over one ninety. But that's a

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product company. For them to stay
where they are, They've been innovative and

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continue to come out with brand new
products that people want a need. Once

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that stops the company will falter.
And right now with with Cook at the

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head at the helm, he's doing
a great job of coming out with new

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products. The video's doing the same
thing. Fundamentals will count at some time

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of what the company actually does.
But Navidia, which is what was expected,

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blue earnings away with increasing the revenues
and areas that people look as the

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growth areas, and that's the AI
side of everything. Artificial intelligence is the

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new iPhone and I believe for the
next three to five years it will continue

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to have growth and change the way
we live, just like the iPhone did.

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And it is not just one area. It's just not technology for technology

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purposes and making all life easier.
It's in the healthcare industry, it's in

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the food industry, it's in the
agriculture industry, it's in all the industries

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that AI is going to make things
simpler and better and automatic. So to

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grow the economy with wages that keep
running and going higher, companies are going

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to invest in AI technology that can
be automated and that way it's just you

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pay for it. It's done and
you don't have to continue to give them

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out paychecks and pay taxes on it. The way fast food is. You

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see it now with these kioses less
and less people there, you wanted to

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raise minimum wage because they need to
deserve it. Well, they're out of

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jobs, and unfortunately people that want
those minial jobs, the ones that need

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them are like people at college.
They need those jobs. People need part

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time help, part time work,
they need those jobs. But the others

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that are uneducated that that's what they
get, that complain all the time where

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they're going to go for work,
and then all we do is keep giving

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them assistance. So the video was
the one thing that came out this week

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that was great. But before that, the minutes from the Federal Reserve came

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out and they were hawkish, and
you could go back and listen to every

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single one of my monologues radio podcasts
we talked about. We did not think

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that they would raise interest rates this
year because if you raise interest rates,

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what's gonna happen is you're gonna have
a scenario where the economy is either gonna

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be slowing down, which you'll hurt
the market, or they're gonna stimulate inflation,

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which means they're gonna raise interest rates, which will hurt the market.

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So we just wanted to come down
naturally with combating inflation and get inflation under

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control, so then we can go
ahead and lower interest rates to keep the

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balance in the economy. If you
raise rates down when the economy is doing

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what it's doing in unemployment is as
low as it is, guess what happens.

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Inflation rocket starts going up again.
The inflationary numbers are already there showing

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us, sure, it's come down
year over year point two point three percent,

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but it's still three three and a
half four percent. And that's the

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numbers they're telling us. You and
I both know. Look at your grocery

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bill from a year, a year
and a half, two years ago,

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and look at it today. Look
at what it costs to go out to

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dinner. Now, you go out
with four people, you're not going to

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get out of there with a few
drinks or a bottle of wine or something

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like that for less than three hundred
and some are dollars. It used to

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be with tipping everything to twenty five
two hundred, two fifty macs. Now

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it's three three fifty four dollars.
It's one hundred dollars a person. If

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you go nice places, if you
go just middle places for family afore,

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it's getting close to one hundred and
fifty. Not fast food, but you

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know, you know, just to
sit down dinner someplace. It's expensive.

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Groceries are expensive, cars were expensive, gans is expensive. But all you

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hear is that inflation's coming down,
and they kept talking about low in interestrates.

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I never thought they were low interest
rates. So the market took a

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slacking from being up during the day
and then getting beaten up after that.

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So what happened was they reversed on
Tuesday. They were up big, and

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then they fell big, then went
down again on Wednesday. Then the earnings

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come out and then we're up,
and we're up again today on Friday.

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So I still think we're going to
be in a situation where we're going to

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be up and down. We're going
to be in trading ranges, but we're

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going to trend higher. Not that
past history means for sure what's going to

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happen going forward, but in presidential
election years June July, August, for

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the best months, they could average
seven to ten percent. I don't know

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if they're going to do that much
this time, because we've already rallied really

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nicely so far. This year on
the s and P of eleven percent.

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So I'm looking for the opportunity to
stay invested what I got. But if

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we get another little decline like we
did, add to things that I would

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trade and reduce my exposure in late
August. So if you only can go

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up three or five percent, but
say we came back down first two or

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three percent and then we went up
five percent, that's an eight percent move.

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If we do not get a pullback, I'll sit tight. I'll take

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my five percent in my money market
funds right now, and I'll wait for

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the opportunity after August, and I'll
probably cut back some of my positions in

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August. If we rally up to
fifty six hundred above, I might even

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then mitigate some more risk and put
inverse funds on which you know we got

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out of when we went down to
five thousand, looking for a market rally.

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The reason I bring all this up
is because at the end of the

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day, what we need is to
continue to have good earnings, and we

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need the Federal Reserve not to raise
interest rates but leave them where they are,

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and legislature to come out and do
some things to keep us propelled with

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the so we can go ahead and
eventually get interest rates down. And you

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know how you get interest rates down
is when you have a slow down in

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the economy. And the only way
we're going to get that is if we

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have more supply than we do demand. Because if we get to supply where

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it's an unbalanced towards the demand,
then companies are going to sell things at

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lower prices in order to get consumers
to buy I e. Tesla. Now,

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Tesla is a great example of a
company that everyone said you can just

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buy it and hold it forever.
Now, did people make a lot of

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money off of it? Yes?
Did people get make millions off of it?

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Yes, but they came back a
lot of it too. You know,

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set's been sitting around one seventy for
a while, down about half of

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where it was. So you never
sold it in the one up and you

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kept getting more and more. When
it gets cut down like it did,

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you lose more as you among shares. That doesn't mean it's not going to

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go back up. It doesn't mean
it's not going to go down. But

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Tesla is not a Microsoft. Tesla
is not a company like an Apple.

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Right now, it still can be
a growth company but it did they saturate

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the market. Is China going to
come in even with their tariffs? So

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are they going to start going ahead
and be competitive. There's a lot that

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goes on in their car business,
but Tesla still leads. I'm looking from

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a company point of view or whether
or not we can make money off of

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Tesla. The idea that we try
to do is set a portfolios once you

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know what YOURRIS tolerance is, and
look for opportunities in the markets. A

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lot of people try to get into
these small AI stocks and you know,

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these newsletters and everything out there and
gold right now. Just be careful,

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don't get sucked up into everything right
now, and be patient because remember how

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you feel when these markets go down, Remember the stress and the panic.

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You don't want that. And I
know that opens the door to a lot

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of insurance salesmen and advisors that just
want to sell your annuity because that whole

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thing is, oh, you can't
lose on the downside, but you can

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make money on the upside. What
they don't do is go into all the

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details of how you're limited to the
upside and everything else. Okay, sure

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you need to go into the government
bonds, right now and make the same

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amount of money as you can in
annuities. So when a retirement plan,

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it's kind of like baffling why somebody
would actually do that. There's reasons for

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everything. There's times that you want
an annuity because you want that. You

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want to know you can't lose what
the markets go down. You can make

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a little bit if the markets go
higher. But you're doing it because you

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went ahead and got the income rider. So five, ten, fifty,

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whatever it is down the road,
you will get a guaranteed income stream off

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a certain amount of money there,
and that's why you put the money in.

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I get that and I agree with
it. But just because you're afraid

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of the market, Look what you've
given up so far this year. If

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you've been sitting in cash, there's
a way to invest your risk. Say

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you say you're very conservative, you
only want thirty percent of your assets invested.

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That's fine, but then not thirty
percent. Then you have to break

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that down and how much of that
you want to be in as you're managing

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that you're not one hundred percent in. You got to mitigate that risk too.

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But the beauty today is you can
actually do bond ladders get close to

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five percent or more short term money
and be able to get some growth,

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and you don't want individual stocks.
There's all these ETFs that you can go

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into. Every part of our portfolios
have some index atfs. And the reason

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is is if you go back and
look in history, indexes always make new

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highs, always one hundred percent in
history. They just did a lot of

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new highs again last month. There's
a chance before June is over, we're

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going to make another new high over
fifty three fifty on the S and P

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five hundred. Why do you invest
in the index because they always take stocks

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out and put new stocks in if
they're not performing in your portfolio. Let's

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just take one hundred thousand dollars portfolio, right, If you have stocks that

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are not doing well, or when
a business you don't have the ability to

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take that money for that company,
put it into something else. They're not

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doing that. They're taking out XYZ
company. Like they just took out Walgreens

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out of the Dow and they put
an Amazon. So now the Dow Jones

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can go up and make new highs, and they did it hit forty thousand.

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But if Walgreens were still in it
and a whole bunch of those other

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stocks, ge and everything else that
they had in the sock and international paper.

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I'm not sure the int that that
Dow Jones would be at forty thousand.

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So it's an automatic take out the
bear to put in the good and

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you don't have to have more money
to do it. It's an index,

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so it's automatically going to allow you
to get to new highs all the time,

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because when a company doesn't do well, they put something else in.

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With Enron and Bear Stearns and Lehman
Brothers were and the S and P five

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hundred one could put, they took
them out and they put in other companies

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that were able to rally back up. If you had Enron in your portfolio

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and it went to zero, you
had no money and money to buy another

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company to put in. And that
is why indexes are so important in your

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portfolio. So I gave you the
reasons the market went down this week,

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which was the Federal Reserve minutes talking
about hawkish interest rates not being able to

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actually lower them, which we told
you for a long time. And then

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we had Navidio blowing away all expectations
and bringing the semiconductors up, Michael went

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up with it, AMD came back
and went up with it super Michael Chip

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went up with it. Doesn't mean
they're going to continue to go higher.

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Stocks are riskier than indexes, but
have some in your portfolio. Understand the

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allocation of the stocks of those stocks
in your portfolio one, two, three,

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four percent, whatever you like.
But then when they get up to

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ten percent of something, you gotta
cut back. You just got to say,

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listen, that's too much of my
portfolio. Because if it it made

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a great money going up, but
if it throws down, it's gonna give

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it all back. And if you
cut a ten percent pision down the five

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percent and it rallies back to ten, good for you. Otherwise ten would

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go to twenty and that would be
even more. But if that ten went

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back down the five, you lost
a lot. Otherwise you go from five

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to two and a half, you
can go add back into five and move

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back up again. The bottom line
is you can't just sit there and say

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everything'll come back. You just can't
sit there with stocks that of going through

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the roof and not take some money
off the table. And you can't just

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sit there when the market's going down
and do nothing and just say they'll come

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back. Minnigate risk, has the
markings going up, be buyers when the

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markets are coming down. And that's
how over time you'll be very successful investing.

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When you understand what your risk tolerance
is, you put the portfolio together,

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whether it's fifty to fifty, sixty, forty seventy thirty, according to

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what you're able to handle, and
then you let guys like us, Companies

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like us to invest for you that
do this every single day and love it.

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We'll be right back. Thank you
for listening. Welcome back everybody.

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It's the Money Matter Show. Dan
Greenberg, Dave Sherwood, Todd Glick and

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00:24:34.680 --> 00:24:41.160
Dylan Greenberger here to bring you the
best information. Didn't have a lot of

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stuff this week except the two things, the FED and the video. What

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was the FED minutes from the last
meeting? And then in video was really

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the biggest mover even though it killed
earnings, it did what people wanted it

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to do, and the market's dropped
after quite a bit on Thursday. Accept

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the video, I mean that was
well and they gave a little bit of

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the cherry on top of the whip
cream. They are by saying we're going

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to do a ten to one split. Yeah, and the increases they're dividend

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by one hundred and fifty percent,
right, and increase their dividend. So

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the bottom line is your oldest stock. You got a hundred chairs, they're

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gonna have a thousand. You got
five hundred chairs, you're gonna have five

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thousand chairs. It's the same thing
when it trades. You know, if

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it's a thousand and then it goes
down to one hundred. Now you got

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five thousand chairs. But for some
reason, these stocks seem to grow.

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Look at Amazon, look at Apple, look at all those stocks making all

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00:25:30.000 --> 00:25:33.400
time new hives later on and it
does. But somewhere in between that's split

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00:25:34.119 --> 00:25:37.200
and then years later making an all
time highy they do go down. Well,

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00:25:37.200 --> 00:25:40.960
I don't think it's a some reason. We all know that one thousand

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dollars is a lot more expensive than
one hundred dollars, even though it could

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mean the same valuation for a stock. Someone's going to be a lot more

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attracted at one hundred than a thousand, just purely because of bias. You

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can get somebody that can buy shares
now, they don't want to buy one

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00:25:52.680 --> 00:25:56.440
share of it, right, but
then you also buy ten shares they will

303
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get into it later. Yeah,
we have the ethereum bitcoin effect too,

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where people will look at ethereum being
so much cheaper, make oh it can

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00:26:02.599 --> 00:26:04.599
go up so much more because it's
it's cheaper. If you think about Tesla,

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that's what they did. They they
were about fourteen hundred dollars a share,

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00:26:07.839 --> 00:26:08.960
They split to like three hundred dollars
a share, and next thing you

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know, they're back up at fourteen
hundred. Granted they're down back to now,

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but they were there. I'll tell
you where that works. Okay,

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in the same industry. Right,
you got a situation where the vidio kept

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going and going, but you got
Micro on this and ship business, and

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you got AMD in the chip business. They're not going to let them just

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continually run loose up there and be
able to get ninety percent share of the

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market and getting fifty percent margin.
Somewhere along the line. In a year

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00:26:37.039 --> 00:26:41.000
or two, they're going to figure
something out where they can do help out.

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00:26:41.240 --> 00:26:44.880
So AMD was two hundred and some
more dollars and as it was down

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one hundred and sixty. So if
you took a little money off the table

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from the video, and you had
to want it to be in that sector,

319
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which I don't doubt it is a
bad thing. Then you buy some

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AMD. It does have that upside
to go back and make a new hya

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sometime when they can get to act
together. Intel's the same thing, except

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it shit bowling. You know,
I don't know why I get doesn't get

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out of its way. But not
only boring, but you know, we

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looked at the Dow this week and
you said in your monologue the dowt it

325
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was down for the week, down
two point two percent, while the SMP

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was flat. And those thirty stocks. Again, we don't follow the doubt

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because it's only thirty stocks. I
looked at it for the last ninety days.

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The S and P five hundred is
up four percent. Check out these

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00:27:26.680 --> 00:27:32.359
dove stocks. Intel down twenty six
percent last ninety days, Nike down eleven

330
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percent, McDonald's down ten percent,
Home Depot down ten percent, Bowing down

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eight percent, on and on.
So you mentioned accurately that when the stock

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underperforms for a long period, it
gets kicked out. Sounds like we're gonna

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have some revamping of the deal coming
up here. Yeah, but these are

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right. I agree with you.
But I think those companies are still good

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enough. They're going to keep keep
them in there, you know what I

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00:27:55.480 --> 00:27:59.640
mean. I don't see I don't
see Johnson, Johnson, Disney, IBM,

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00:27:59.720 --> 00:28:03.640
bow Home, Deepaul McDonald's not qu
Intel being kicked out. They were

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00:28:03.640 --> 00:28:07.039
going to kick out one, maybe
Intel, but I don't think so,

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because they got all that money from
the government. Right now, that's six

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00:28:10.799 --> 00:28:15.200
billion to build. I don't get
it. Somebody who's talking to me yesterday,

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they have how many plants going on
up in the Chandeler area. They

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00:28:18.440 --> 00:28:22.720
have one in Chandler, one of
Akatillo. It's twenty billion dollars worth of

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00:28:22.720 --> 00:28:26.079
plants. They're building for two different
functions, two different plants for two different

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functions. But yeah, the Chandler
one's going up. It's called the Chandler

345
00:28:30.720 --> 00:28:33.720
Camp. It's it's huge. But
somebody believes in Tintel because they gave them

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all that money to build this stuff. Twenty billion. Yeah, and this

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00:28:37.440 --> 00:28:40.960
is when they were doing worse.
They're trying to expand. It's twenty billion

348
00:28:40.960 --> 00:28:44.640
dollars. I think Intel is starting
to look a little attractive here. A

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stock can only go down so much. And Technic again from a you know,

350
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even and yeah, and from a
fundamental standpoint, like Dean saying you're

351
00:28:51.920 --> 00:28:55.599
spending billions of dollars, someone has
to see the value in this. That's

352
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not a sum of money that just
goes missing. So yeah, but here

353
00:28:59.400 --> 00:29:03.279
here's what you got going on.
And we all agree Intel for the long

354
00:29:03.319 --> 00:29:06.519
haul. If you can go into
Intel, say I'm gonna stay in there

355
00:29:06.519 --> 00:29:08.480
for the next five to seven years, you're probably gonna make some good money.

356
00:29:08.559 --> 00:29:11.119
Right somewhere along there, it's gonna
jump, right, and it could

357
00:29:11.240 --> 00:29:15.599
jump as much as some of these
others because it gets hot and could go

358
00:29:15.759 --> 00:29:18.640
to seventy five one hundred dollars.
Right. Intel was one of the best

359
00:29:18.640 --> 00:29:23.599
in twenty three. But right now
with everything else a damd the super microchip,

360
00:29:23.759 --> 00:29:27.279
then the videos, nobody wants to
put that money into those because the

361
00:29:27.359 --> 00:29:33.039
only people that are putting them into
into those stocks are big pension plans that

362
00:29:33.079 --> 00:29:37.359
can hold on and keep buying.
Right, that just have to be diversified

363
00:29:37.400 --> 00:29:41.480
in all the good companies. But
the hedge funds aren't it. And the

364
00:29:41.640 --> 00:29:45.519
fast money is the ones that get
the other money to come in. Well,

365
00:29:45.559 --> 00:29:49.160
that's an Nvidio has been sucking money
from Micron and AMD and Intel,

366
00:29:49.240 --> 00:29:52.079
then why wouldn't you want to be
an nvidio? So hottest thing going.

367
00:29:52.200 --> 00:29:56.599
And if you've been hearing us talk
about these different semiconductor companies and you're like,

368
00:29:56.680 --> 00:29:59.359
well they all sound good, they
all seem like they can go up,

369
00:30:00.119 --> 00:30:03.720
you can also buy an ETF and
just buy the whole industry itself.

370
00:30:03.079 --> 00:30:11.880
Okay, probably the most XSD spice
say away here from the three times ones

371
00:30:11.920 --> 00:30:15.079
please yeah, okay, you're trading
it on one of two days. Basis,

372
00:30:15.319 --> 00:30:18.960
if you're investing, they will you
will you end up losing money?

373
00:30:19.119 --> 00:30:25.440
All right? And I'll explain why. You buy something at one hundred and

374
00:30:25.519 --> 00:30:27.440
it goes up and you get three
times, so instead of getting ten percent,

375
00:30:27.480 --> 00:30:30.680
you get thirty percent. But if
it goes down ten percent, you're

376
00:30:30.720 --> 00:30:37.359
losing thirty percent, So now you're
at seventy percent. So instead of getting

377
00:30:37.400 --> 00:30:40.920
back twelve percent, okay, right, so you get that you're back to

378
00:30:41.000 --> 00:30:44.119
even if you're down ten and you
have to get back to one hundred,

379
00:30:44.200 --> 00:30:47.599
right, so now you're down thirty
percent. How much you have to get

380
00:30:47.599 --> 00:30:49.279
back? So they go up ten
you get thirty percent, you only have

381
00:30:49.400 --> 00:30:55.720
twenty one percent. You only you're
still down ten percent. They for trading,

382
00:30:56.079 --> 00:30:59.799
they are not for investing. The
other thing is they use the futures

383
00:31:00.039 --> 00:31:03.599
on traction in order to achieve that
two and three times, and the futures

384
00:31:03.640 --> 00:31:07.759
contracts have to be rolled. Is
a thing called contagion where if the market

385
00:31:07.839 --> 00:31:12.279
remained unchanged, you're going to lose
money. Well yeah, And also the

386
00:31:12.319 --> 00:31:17.319
fact that all these futures cost money. There's a transaction fee to it.

387
00:31:17.240 --> 00:31:22.920
It's called contagion. Its slippage,
but Asian not slippage. It is slippage,

388
00:31:22.000 --> 00:31:26.119
moving foot, moving forward. We
talked a lot about there's a reason

389
00:31:26.119 --> 00:31:30.039
we do this. It's because we're
in the trenches. Guys. We're not

390
00:31:30.119 --> 00:31:33.880
just putting a portfolio together. We're
not just doing a financial a plan.

391
00:31:34.400 --> 00:31:40.480
We're just not giving you advice.
Once that's all together and we decide percentages

392
00:31:40.519 --> 00:31:44.759
together where they should be, we
pull the triggers. I've been pulling a

393
00:31:44.799 --> 00:31:48.440
trigger since nineteen eighty five, managing
money for Feast since nineteen eighty eight.

394
00:31:49.160 --> 00:31:52.119
I want to be on the same
side. I pulled the trigger for clients

395
00:31:52.440 --> 00:31:59.519
for one reason, to try to
have them make money. There's no reason

396
00:31:59.559 --> 00:32:05.000
I ever want to buy anything to
lose money. It only benefits us and

397
00:32:05.079 --> 00:32:08.119
you if it goes up. Here
interesting, somebody asked me the other day.

398
00:32:08.119 --> 00:32:12.599
They say, so, uh,
you charge your fee, so that

399
00:32:12.599 --> 00:32:15.640
that means if the markets go up
and uh, you off fee goes up,

400
00:32:15.680 --> 00:32:17.440
you make more money. I go, right, we're on the same

401
00:32:17.480 --> 00:32:22.319
side. Well what about that,
the one on TV what's his name?

402
00:32:22.359 --> 00:32:25.000
Well, yeah, Fisher. They
say that if it goes down, they

403
00:32:25.000 --> 00:32:30.720
don't look, they don't take off
fee. I go That's what they want

404
00:32:30.759 --> 00:32:37.440
you to interpret. What they say
is go ahead, if it goes down,

405
00:32:37.519 --> 00:32:39.880
you lose less. No, they
don't even say that. They All

406
00:32:39.920 --> 00:32:43.559
they say is the positive They say, when you make money, we make

407
00:32:43.680 --> 00:32:45.759
or when you make money, we
make money. The positive side. They

408
00:32:45.759 --> 00:32:50.680
don't say the outside because what he's
saying is obviously market's growing down, your

409
00:32:50.720 --> 00:32:52.359
fee is gonna go down with it. But in proportion you got a one

410
00:32:52.400 --> 00:32:55.759
percent fee. Markets go down,
you go down with the account value.

411
00:32:55.759 --> 00:33:00.720
Markets go up, You're one percent
is just more valuable, valuable. If

412
00:33:00.720 --> 00:33:04.000
the markets go down, we only
do better when you do better. Yeah,

413
00:33:04.359 --> 00:33:07.839
okay, it is, yeah,
but people assume then the only way

414
00:33:07.839 --> 00:33:13.000
they're making money is if they're making
money, you have to charge a fee.

415
00:33:13.000 --> 00:33:16.279
It's a SEC rule. You cannot
just charge unless you're a hedge fun

416
00:33:17.079 --> 00:33:20.839
that's a whole different ballgame. Now
they're going to charge you two and twenty.

417
00:33:21.359 --> 00:33:25.839
That's a whole different ball game.
Okay. But the bottom line is

418
00:33:28.160 --> 00:33:32.960
we are in position as a firm. If the portfolios go higher, whatever

419
00:33:34.000 --> 00:33:37.559
the fee is, you make more
money because the fee is on a higher

420
00:33:37.680 --> 00:33:39.480
rate. If you go down and
all the money and the firm goes down,

421
00:33:39.559 --> 00:33:43.960
you make less. That's the real
reality of it all. And the

422
00:33:44.000 --> 00:33:49.799
reality is we're the ones actually doing
it. Most advisors actually give that service

423
00:33:49.880 --> 00:33:52.079
to someone else, the third party
that actually does the management. I can't

424
00:33:52.119 --> 00:33:58.839
necessarily explain why their performance of their
account did something because they're not the ones

425
00:33:58.839 --> 00:34:01.079
actually managing it. You know,
all five of us advisors here in this

426
00:34:01.160 --> 00:34:06.400
office actually are the ones making the
decisions. And people say, how can

427
00:34:06.440 --> 00:34:09.480
you do that when you keep bringing
on new clients. It's simple. It's

428
00:34:09.480 --> 00:34:15.719
called technology. We can press one
button and say I want two percent of

429
00:34:15.840 --> 00:34:21.679
the video in everybody's account, and
it'll tell us how many shares the buy.

430
00:34:21.800 --> 00:34:24.000
We go buy it, and it
puts it into their account. Now

431
00:34:24.079 --> 00:34:28.599
what do we do is we take
a step further. We're able to go

432
00:34:28.679 --> 00:34:35.360
ahead and see if someone's over,
over allocated or under allocated in any of

433
00:34:35.400 --> 00:34:38.800
our areas. Then we go into
the account directly and we look at it.

434
00:34:39.280 --> 00:34:43.760
Obviously, we review all the accounts
on a quarter, on a monthly

435
00:34:43.800 --> 00:34:47.280
basis as returns. If something's out
of whack because people put money in,

436
00:34:47.320 --> 00:34:51.280
take money out, or whatever it
is, we go in individually and do

437
00:34:51.360 --> 00:34:53.960
it. If somebody calls it and
says I want to I want to go

438
00:34:54.000 --> 00:34:58.400
ahead and be less aggressive, I
want to cut back. I'm nervous,

439
00:34:58.880 --> 00:35:01.800
we go in directly and do it. That's what you get when you have

440
00:35:02.280 --> 00:35:08.960
a real money manager working with individual
clients and tail and making their portfolio for

441
00:35:09.079 --> 00:35:16.199
them. We're using proprietary software that
was developed under our guidelines specifically for us

442
00:35:16.599 --> 00:35:21.360
and for our clients. We knew
what we wanted to achieve and we have

443
00:35:21.519 --> 00:35:24.320
that software. And again we went
out and had that developed. Was it

444
00:35:24.440 --> 00:35:29.119
something we bought off the shelf?
All right? I appreciate you guys listening.

445
00:35:29.199 --> 00:35:31.440
Obviously, we got a lot more
segments to come. If you need

446
00:35:31.440 --> 00:35:35.360
to get back and listen to more
of our shows or check out. We'll

447
00:35:35.400 --> 00:35:37.159
say, just go to our website. We have it all on podcasts.

448
00:35:37.199 --> 00:35:42.719
If you're not around, you can
listen anywhere iHeartRadio. We're on all the

449
00:35:42.760 --> 00:35:45.360
platforms, all the podcasts are on
there. You just got to go do

450
00:35:45.440 --> 00:35:49.639
and do it when we come back. The question is is AI going to

451
00:35:49.679 --> 00:35:52.119
replace you guys in this business?
And we're going to give you an answer.

452
00:35:52.559 --> 00:35:55.519
Welcome back, everybody. It's the
Money Matter Show. Todd, Dylan,

453
00:35:55.599 --> 00:36:00.280
David, myself, Dean is here
to bring you something great, great

454
00:36:00.320 --> 00:36:06.440
information. Member of what we always
do. Every day. We had somebody

455
00:36:06.440 --> 00:36:09.760
calling and saying, I want to
take advantage of your free financial plan.

456
00:36:12.599 --> 00:36:15.679
All you gotta do is call us
or I'll go to a website, contact

457
00:36:15.760 --> 00:36:21.440
us, we'll get in touch with
you. It works. Not everybody does

458
00:36:21.480 --> 00:36:24.400
business after the financial plan, because
you know what, some of them can't

459
00:36:24.400 --> 00:36:29.679
do anything for a year, three
years, four years, even five years.

460
00:36:30.239 --> 00:36:32.199
We're still going to do it for
them. We're not asking how much

461
00:36:32.239 --> 00:36:35.360
money you have, what are you
doing here? What are you doing there?

462
00:36:35.559 --> 00:36:37.360
Or you got to do business with
us to get the plan. That's

463
00:36:37.400 --> 00:36:40.119
not me, never it was me. We will give you the plan we

464
00:36:40.159 --> 00:36:44.360
would do the plan. And if
you ever want to do business with us,

465
00:36:44.400 --> 00:36:47.800
whether it's quickly or down the road, that is up to you.

466
00:36:49.559 --> 00:36:53.360
But obviously we do something right because
we wouldn't be in business since nineteen eighty

467
00:36:53.400 --> 00:36:57.360
eight. Not only that, we
also have a whole bunch of connections to

468
00:36:57.440 --> 00:37:00.840
partners. You know, Medicare specialists, estate plannings specialists, tax planning specialists.

469
00:37:00.880 --> 00:37:04.920
So there's a lot that you get
when you start working with us.

470
00:37:05.000 --> 00:37:07.079
Well, that's kind of like going
down the road with the AI stuff and

471
00:37:07.079 --> 00:37:10.880
everything else. But before that,
we are a family office. Okay,

472
00:37:12.079 --> 00:37:15.559
that's what we are. We have
created I have created a family office.

473
00:37:15.800 --> 00:37:20.960
We've got estafe planners, attorneys in
my office. We've got accountants that come

474
00:37:21.000 --> 00:37:23.280
to our office and work with our
clients and other people in our office.

475
00:37:23.599 --> 00:37:29.960
Okay, we have insurance people if
they you know, for a liability insurance,

476
00:37:30.039 --> 00:37:35.639
Medicare, all that stuff we work
together. We'll all small businesses that

477
00:37:35.800 --> 00:37:40.039
work together, and we've become experts
in those fields. Do you know it?

478
00:37:40.079 --> 00:37:44.760
But you and I have lived here
a long time and we've we've referred

479
00:37:44.760 --> 00:37:49.159
to plumbers, We've had people ask
about electricians, had someone asking about solar,

480
00:37:49.360 --> 00:37:55.239
how about cars? Cars, cars, They're just a myriad of things

481
00:37:55.280 --> 00:38:00.559
that we do here that have nothing
to do with financial planning. Most people

482
00:38:00.599 --> 00:38:04.320
read up or see about family offices
and for the people that have hundreds of

483
00:38:04.360 --> 00:38:07.880
millions of dollars and billions of dollars, and they actually hire all these people

484
00:38:07.920 --> 00:38:14.280
and they do all their investments in
everything from street wheel estate to stocks,

485
00:38:14.320 --> 00:38:20.320
to bonds, to private equities,
you name it. Buying companies were family

486
00:38:20.360 --> 00:38:24.559
office for the small guy. Well, this family office for the guy that

487
00:38:24.639 --> 00:38:30.599
has twenty five million in less for
the guy that wants good service. I

488
00:38:30.719 --> 00:38:36.960
take that back, great service,
Okay. We pride ourselves on great customer

489
00:38:37.000 --> 00:38:39.480
service, the best. If it
doesn't happen and we hear about it,

490
00:38:39.840 --> 00:38:43.880
I'm not a happy camper, and
I can tell you Dave's not a happy

491
00:38:43.880 --> 00:38:47.360
camper, and everybody here is learning
what great service is. But that's what

492
00:38:47.360 --> 00:38:52.519
we do. And we can offer
the insurances, we can offer the the

493
00:38:52.719 --> 00:38:55.199
financial plan, and we offer the
investments. We offer everything under one roof

494
00:38:57.079 --> 00:38:59.800
estay planning. I'll tell you one
thing that we hear a lot about is

495
00:39:00.320 --> 00:39:05.239
in this growing age of AI and
everything with the automated phone centers. People

496
00:39:05.239 --> 00:39:07.679
hate them. You go to Vanguard, to go to all the like Fidelity,

497
00:39:07.719 --> 00:39:09.800
the bigger companies. You go from
one phone center to another. They

498
00:39:09.840 --> 00:39:13.280
say it's supposed to be easier.
Now it's not even real people, it's

499
00:39:13.320 --> 00:39:16.519
ai. One thing that we always
get I guess a compliment on is the

500
00:39:16.559 --> 00:39:21.280
fact that we answer the phones.
I don't know why that's so hard to

501
00:39:22.320 --> 00:39:24.039
because they don't want it to be
on their plate. These bigger companies just

502
00:39:24.079 --> 00:39:27.519
want to take that off their plate. One thing less to do. They

503
00:39:27.559 --> 00:39:29.679
just make you go through a bunch
of things so they hope you don't you

504
00:39:29.719 --> 00:39:32.079
just give up. Well, so
they have tens of thousands of people,

505
00:39:32.119 --> 00:39:36.559
they would have to have tens of
thousand employees, and they don't money offices.

506
00:39:36.880 --> 00:39:43.320
And we do not outsource to India
or any place there. Okay,

507
00:39:43.360 --> 00:39:46.559
you're going to talk to us.
I don't know about you, but I

508
00:39:46.639 --> 00:39:51.440
know when I call up and I'm
trying to get customer service, I have

509
00:39:51.519 --> 00:39:58.360
no problems dealing with anybody, but
if I can't understand them, it becomes

510
00:39:58.440 --> 00:40:01.679
very frustrating when I say I'm sorry, I don't understand. Can you please

511
00:40:01.920 --> 00:40:07.199
speak slower and slower and I just
can't. And how do you get any

512
00:40:07.239 --> 00:40:12.519
work done if you can't understand what's
being done? So you could have the

513
00:40:12.519 --> 00:40:17.559
greatest customer service, but if you
can't understand English, I got a problem

514
00:40:17.599 --> 00:40:21.239
with that. The older we get, the harder it is to understand man,

515
00:40:21.559 --> 00:40:23.559
you know. And I'm not trying
to be mean or anything else like

516
00:40:23.599 --> 00:40:27.480
that, but I was talking to
the accountants, our accountants, and they

517
00:40:27.519 --> 00:40:30.199
do not do this, but they've
been telling me that more and more accounting

518
00:40:30.519 --> 00:40:38.199
UH UH services, you know,
the bigger companies, they're outsourcing everything to

519
00:40:38.559 --> 00:40:44.440
UH Asia and UH India. So
they have these these centers, they send

520
00:40:44.480 --> 00:40:46.639
it to them and in two days
they get him back. Oh, it

521
00:40:46.760 --> 00:40:50.599
is probably just doing them. You
know what they do? What is it?

522
00:40:50.639 --> 00:40:53.800
Not a UH the what are they
what's the UH data input? Yeah?

523
00:40:54.239 --> 00:40:59.840
Right, but what is the when
you do your own taxes? Terrible?

524
00:41:00.559 --> 00:41:04.360
Thank you? Okay? The policy
just doing turbo tax on a thing,

525
00:41:04.679 --> 00:41:07.760
getting it done, sending it back
someone. We've used it and that's

526
00:41:07.800 --> 00:41:10.119
it. I'd be kind of nervous. When AI first came out, we

527
00:41:10.119 --> 00:41:15.840
were talking about jobs that were possibly
in jeopardy because of AI, and tax

528
00:41:15.920 --> 00:41:19.480
preparer was number one on the list. Yeah, it could make sense for

529
00:41:19.519 --> 00:41:22.199
sure. I mean, Dean,
you were talking about AI and Dylan,

530
00:41:22.239 --> 00:41:25.719
that's the conversation about the you know, the telemarketers. There was a funny

531
00:41:25.760 --> 00:41:29.800
video I saw with the new chat
GPT four point zero. It's a new

532
00:41:30.239 --> 00:41:34.679
it's more public to us all now
where we can use it in that update

533
00:41:34.760 --> 00:41:37.599
you actually had. So in this
update they actually can understand voice, not

534
00:41:37.679 --> 00:41:42.079
just text. They can actually you
can ask a question of using voice images

535
00:41:42.119 --> 00:41:45.360
anything like that, even a video. And so they had a AI generated

536
00:41:45.760 --> 00:41:51.559
telemarketer voice talking to another AI generated
telemarket voice and they had an entire conversation

537
00:41:52.079 --> 00:41:54.400
about how to send the order like
it sounded like real humans talking. So

538
00:41:54.519 --> 00:41:59.239
it is pretty freaky how maybe potentially
good these things can get. But at

539
00:41:59.280 --> 00:42:00.840
the end of the day, I
think you had a really cool point about

540
00:42:00.840 --> 00:42:05.760
a month ago talking about how you
know if it's aim and uh, if

541
00:42:05.800 --> 00:42:07.800
you can bring that back up,
I'm trying to think, I'm trying to

542
00:42:07.800 --> 00:42:08.760
think what it was. Oh,
I know what it was. If you're

543
00:42:08.880 --> 00:42:14.559
watching a video, uh uh this
a month ago, Dane. If you're

544
00:42:14.559 --> 00:42:19.320
watching a video and you're not sure
if it's the real person or not ask

545
00:42:19.440 --> 00:42:22.280
them to turn their head right.
If they're turning their head and their head

546
00:42:22.320 --> 00:42:27.800
disappears, it's AI. Yeah,
we need a We need a trick for

547
00:42:27.840 --> 00:42:30.519
the phone calls so we know if
they're AI or not. You know,

548
00:42:31.039 --> 00:42:35.880
we do have we do have you
ask a question that they keep talking.

549
00:42:36.039 --> 00:42:38.039
Yeah, there was just a convert
you know. I was talking with Bob

550
00:42:38.079 --> 00:42:43.679
Alli in our office about how he
heard on another not like a big nonprofit

551
00:42:43.719 --> 00:42:49.320
board that someone got a voice message
from their boss saying buy these gift cards

552
00:42:49.360 --> 00:42:52.400
and put them in these accounts.
And she was like, that's just weird.

553
00:42:52.440 --> 00:42:53.760
They doesn't ever ask for gift cards. So he called up the boss

554
00:42:53.760 --> 00:42:55.280
and he said, I didn't ask
for it, let me hear it,

555
00:42:55.440 --> 00:42:59.760
and it was his exact voice.
Wow. And they just they are able

556
00:42:59.800 --> 00:43:02.079
to get just our phone calls now. So going back to what my question

557
00:43:02.280 --> 00:43:07.400
was, I've been asked the question, is AI going to overtake your business?

558
00:43:08.519 --> 00:43:12.400
On the surface, you say,
you know what, maybe could,

559
00:43:12.519 --> 00:43:15.760
right, you know, AI can
pick stocks for you, AI can allocate,

560
00:43:16.039 --> 00:43:22.599
right, we use AI for doing
a financial plan but if you really

561
00:43:22.679 --> 00:43:27.199
understand what financial planning is and everything
else, there's no way they can do

562
00:43:27.280 --> 00:43:30.679
it, because our relationship, once
you have all those tools, is still

563
00:43:30.719 --> 00:43:38.039
about personal relationships. Understanding the individual
on an institutional thing. Oh yeah,

564
00:43:38.159 --> 00:43:43.360
they do it all the time.
You got computer computers just basically trading on

565
00:43:43.400 --> 00:43:50.159
whatever information they have in milliseconds.
That's not relationship building, financial advising,

566
00:43:50.800 --> 00:43:54.480
building your retirement, turning it into
a nest egg to where you can live

567
00:43:54.519 --> 00:43:58.840
off of it. You cannot do
that with just say you can put some

568
00:43:58.920 --> 00:44:02.599
things here and some things and all. But what I have found is even

569
00:44:02.719 --> 00:44:09.920
the smartest people I know, since
we've never been taught financial literacy from being

570
00:44:10.400 --> 00:44:15.360
when we're growing up. You don't
learn it when you start working. You

571
00:44:15.360 --> 00:44:17.360
don't learn it because you got a
fall one k. You don't learn it

572
00:44:17.400 --> 00:44:22.199
from anything unless you're in the business
that even the biggest CEOs, some of

573
00:44:22.239 --> 00:44:27.920
the RICHID people I know, still
need to deal with people like us.

574
00:44:28.199 --> 00:44:34.760
They still need to have relationships because
everything isn't exactly the way you want it.

575
00:44:35.119 --> 00:44:37.639
You still need the ability to deal
with the lawyer to put together that

576
00:44:37.719 --> 00:44:40.840
trust. Will AI be able to
do most of the wording on that,

577
00:44:40.960 --> 00:44:45.039
of course, but the way to
come up and to do things the way

578
00:44:45.079 --> 00:44:53.079
our government has fixed the laws in
everything from taxes to estate planning to retirement

579
00:44:53.320 --> 00:44:57.599
to all that stuff. There's no
way you can just plug things in and

580
00:44:57.599 --> 00:45:00.280
think you're okay. And I know
that because it's and a lot of surveys

581
00:45:00.280 --> 00:45:06.800
done over the years ever since that
the turbo investing came out, the robo,

582
00:45:06.960 --> 00:45:13.199
the robot right, and people became
very like, not thrilled with it

583
00:45:13.239 --> 00:45:15.719
because there was nothing, There was
no feedback. They didn't know when to

584
00:45:15.719 --> 00:45:17.400
get out, they didn't know when
to get in, they didn't know how

585
00:45:17.400 --> 00:45:21.880
to mitigate with it went up and
went down. They allocated a big deal

586
00:45:22.199 --> 00:45:23.719
and somebody'd make the money. They
didn't do anything with it. There was

587
00:45:23.760 --> 00:45:28.320
no comforting, which is a big
thing is taking out the emotional side of

588
00:45:28.360 --> 00:45:30.800
it and the comforting during the down
market, because that's the scariest part is

589
00:45:30.800 --> 00:45:34.559
those downmarkets, like a year like
twenty twenty two, that's when we get

590
00:45:34.559 --> 00:45:36.719
the most calls on us when we
want to talk to our clients the most

591
00:45:36.920 --> 00:45:40.440
to make sure they're still okay with
everything going on and that they're emotionally stable

592
00:45:40.480 --> 00:45:45.440
in that sense, and most data
shows they don't actually outperform when markets go

593
00:45:45.559 --> 00:45:49.559
up. Nobody needs you true and
buy most stuff. It goes up,

594
00:45:49.599 --> 00:45:52.880
you think you're a genius when the
markets go down. I can't tell you

595
00:45:52.960 --> 00:45:55.920
how many times I've had people crying
and I'm holding their hand, letting them

596
00:45:55.960 --> 00:45:59.280
know they're going to get through it. And from two thousand and one to

597
00:45:59.320 --> 00:46:01.360
two thousand and eight, that's when
I decided, in that period of time,

598
00:46:01.679 --> 00:46:06.960
how for people that can't afford to
lose it get older, You're gonna

599
00:46:07.000 --> 00:46:09.880
put I'm gonna put portfolios together that
understand how to mitigate wisks for them.

600
00:46:10.280 --> 00:46:15.559
Get one quick housekeeping from last week
where we talked about reclassifying cannabis and whether

601
00:46:15.599 --> 00:46:19.920
that would open up the banks or
not. Todd I looked at a lot

602
00:46:19.960 --> 00:46:23.840
of different research over the past week
and the answer is maybe, okay.

603
00:46:25.000 --> 00:46:30.920
I'm thinking of the risk reward for
a bank in taking on clients that are

604
00:46:30.960 --> 00:46:35.719
involved in cannabis probably leans towards risk
versus rewards. So my gut would be

605
00:46:35.760 --> 00:46:40.000
no until it's federally illegal, except
for community banks. Somewhere along the line,

606
00:46:40.039 --> 00:46:44.760
it's gonna come illegal because that's the
way they're gonna get taxes if they

607
00:46:44.760 --> 00:46:47.920
need taxes, and we know that
they needed great way to get taxes.

608
00:46:50.199 --> 00:46:53.079
Did you see that? How much
money they're gonna more? They want to

609
00:46:53.119 --> 00:46:58.199
add on taxing Californias to gas.
Oh, I couldn't believe it. I

610
00:46:58.199 --> 00:47:00.119
couldn't believe it. All right,
we'll be back. We do appreciate you

611
00:47:00.239 --> 00:47:05.559
listening. You know you can come
in anytime. Just call us for a

612
00:47:05.719 --> 00:47:09.280
meeting. Portfolio of you. We
time review a whole entire financial plan.

613
00:47:09.920 --> 00:47:15.760
It's free. That means no cost, no no no hooks, no nothing.

614
00:47:15.239 --> 00:47:17.480
Just got to call us and we'll
be glad to go over it.

615
00:47:17.960 --> 00:47:22.280
Appreciate you listening, Appreciate you being
an audience, and appreciate those other clients

616
00:47:22.280 --> 00:47:25.599
of ours that you're still with us
and enjoy what we do for you.

617
00:47:25.800 --> 00:47:30.079
Thank you. Welcome back to the
second hour of The Moneymatter Show. I'm

618
00:47:30.119 --> 00:47:35.320
Dylan Greenberg. I'm here with Dean
Greenberg, Dave Sherwood, Todd Glick,

619
00:47:35.320 --> 00:47:37.760
and Sebastis Borsini. For those of
you just tuning in. We had a

620
00:47:37.800 --> 00:47:40.920
few all time highs last week,
with the Dow hitting forty thousand, seventy

621
00:47:40.920 --> 00:47:45.920
seven, the NASDAK hitting sixteen nine
and ninety six, and then SMP hitting

622
00:47:45.920 --> 00:47:51.360
fifty three forty one off for the
first time the Dow, though still down

623
00:47:51.400 --> 00:47:53.840
for the week, SPOS flat,
and then NAZAK was up one point four

624
00:47:53.840 --> 00:47:58.679
percent, mainly driven by video,
which was most of the news from last

625
00:47:58.679 --> 00:48:01.760
week, besides the Fed minutes came
out, which was just saying that inflation

626
00:48:01.840 --> 00:48:06.400
isn't going down as fast as they
would like. So how about that equal

627
00:48:06.440 --> 00:48:08.840
weight to SMP, equal way to
s and P still yet to make a

628
00:48:08.880 --> 00:48:13.119
new all time high last week.
Yeah, didn't make an all time high.

629
00:48:13.199 --> 00:48:15.920
It's interesting, is it right?
I mean back to back weeks where

630
00:48:15.960 --> 00:48:22.000
these major industries at least touched a
new all time high and RSP is yet

631
00:48:22.039 --> 00:48:24.559
to even get back to its all
time I mean what you saw this week

632
00:48:24.599 --> 00:48:30.159
with RSP down one point three,
SMP flat. So broad market is doing

633
00:48:30.239 --> 00:48:36.119
worse than the top stocks did this
week. For sure, Tech yeah,

634
00:48:36.119 --> 00:48:38.400
I mean you saw it with the
Navidia's earnings reports. Tech was going to

635
00:48:38.519 --> 00:48:43.960
lead up and Tech is going to
lead down. Yeah, Tech is always

636
00:48:43.960 --> 00:48:49.239
a market leader. Interest rates did
edge higher. We learned midweek that composite

637
00:48:49.280 --> 00:48:53.159
PMI hit a that's the Purchasing Manager's
index hit a twenty five month high,

638
00:48:53.519 --> 00:48:59.800
and that push interest rates higher actually
on Video's earnings came out Wednesday night.

639
00:49:00.239 --> 00:49:04.760
Thursday morning market opened up strong higher
than that PMI number came out, and

640
00:49:04.800 --> 00:49:07.599
it was like a wet blanket.
Before you knew it, the Dow was

641
00:49:07.639 --> 00:49:13.119
down six hundred points and that the
Nvidia gain was gone. I had interesting

642
00:49:13.119 --> 00:49:17.599
dinner on Wednesday night. I went
to dinner with a doctor and his psychiatrist

643
00:49:17.840 --> 00:49:23.800
girlfriend, and I asked the psychiatrist, what is the imagine that imagine doing

644
00:49:23.840 --> 00:49:29.480
that for a living where you're sitting
listening to other people's problems all day and

645
00:49:29.519 --> 00:49:34.079
trying to give them some insight as
to what that means and what direction to

646
00:49:34.159 --> 00:49:37.519
go. Now, I asked her, I said, what is the biggest

647
00:49:37.320 --> 00:49:44.239
problem or the most common problem you're
hearing nowadays? And she said global news?

648
00:49:45.519 --> 00:49:51.360
Because the global news is creating a
hopelessness for the future amongst certain people.

649
00:49:51.960 --> 00:49:55.800
I think amongst a lot of people, even unconsciously. If someone wasn't

650
00:49:55.840 --> 00:50:00.559
gonna say it is affecting them unconsciously, it is a fact that right.

651
00:50:00.559 --> 00:50:04.239
And what you have to realize as
you listen to the news is that fear

652
00:50:04.360 --> 00:50:07.199
sells papers. That's their job.
Yeah, that's your job, is to

653
00:50:07.199 --> 00:50:12.039
freak you out. It's a it's
an actual like system that the news media

654
00:50:12.079 --> 00:50:15.679
has. It's negative negative negative.
They have an hour show negative for fifty

655
00:50:15.719 --> 00:50:19.239
eight minutes, and in the last
two minutes they show you puppies or something

656
00:50:19.360 --> 00:50:21.559
happy yep, to get you ready
for the next hour. You're like,

657
00:50:21.559 --> 00:50:23.760
oh, I'm happy, I'll keep
watching. Next segment comes in with a

658
00:50:23.800 --> 00:50:27.960
new host or whatever. Negative right. And the reason for that is if

659
00:50:28.000 --> 00:50:30.039
you turn on the news and the
guy is talking about how everything in the

660
00:50:30.079 --> 00:50:34.480
world is pretty good right now and
we're pretty happy, you just turn it

661
00:50:34.480 --> 00:50:39.559
off. Yes, there's no breaking
news that you need to worry about in

662
00:50:39.599 --> 00:50:43.440
case you have to go hide under
the bed. You know. Yeah,

663
00:50:43.719 --> 00:50:49.280
it was interesting and it's obvious,
Like dealing, it's obvious. I think

664
00:50:49.559 --> 00:50:53.119
that argument it leads into some people
saying, well, that's why you shouldn't

665
00:50:53.159 --> 00:50:57.360
have I that's a bad thing for
capitalism. It's like news is news.

666
00:50:57.360 --> 00:51:00.639
Companies shouldn't be making money because then
they're incentivized not to get real news.

667
00:51:00.880 --> 00:51:02.920
That's a really misconstrued point, in
my opinion. You can see a lot

668
00:51:02.920 --> 00:51:07.239
of people in other industries trying to
make that point. With healthcare and what

669
00:51:07.320 --> 00:51:13.920
you really see is regulations make the
biggest impact on businesses and efficiencies and leading

670
00:51:13.960 --> 00:51:17.320
to real terrible products for ultimately the
end use consumer. Well, when Trump

671
00:51:17.360 --> 00:51:21.280
came in, that's the first thing
he did. He took off regulations left

672
00:51:21.280 --> 00:51:23.599
and right, and the horse got
out of the corral and ran beautifully.

673
00:51:23.840 --> 00:51:29.519
You know. That was pretty much
his whole thing was get rid of regulations.

674
00:51:30.199 --> 00:51:32.760
Commodities had a rough week. What
what's your Coco doing? I have

675
00:51:32.840 --> 00:51:36.400
Coco still has seventy eight I think
it was up like ten percent this week,

676
00:51:36.440 --> 00:51:39.280
hanging in there. And copper,
the copper bubble burst a little bit.

677
00:51:39.519 --> 00:51:43.199
It was that all all time high. It was, so it did

678
00:51:43.199 --> 00:51:45.519
it did this job. Gold came
down from its all time high about eighty

679
00:51:45.519 --> 00:51:50.280
dollars eighty dollars to twenty three thirty
two, which is still, in my

680
00:51:50.320 --> 00:51:54.480
opinion, quite elevated from where it
belongs. Oil down a dollar seventy to

681
00:51:54.599 --> 00:51:59.320
seventy seven eighty, which is probably
good at the pump. But the other

682
00:51:59.320 --> 00:52:02.199
commodity bit coin went up, Bitcoin
went up, and Ether went down.

683
00:52:02.360 --> 00:52:06.519
Well, actually Ether was up for
the week, it was just down on

684
00:52:06.599 --> 00:52:10.119
Friday. And there's a little confusion
there Todd where they said that that the

685
00:52:10.159 --> 00:52:15.800
SEC took away one of the impediments
to the to there being a bit an

686
00:52:15.800 --> 00:52:22.840
ethereum E t F, but it
didn't approve it. So it's it's going

687
00:52:22.920 --> 00:52:25.920
to be down the road a ways
before that's approving. Say, yeah,

688
00:52:25.920 --> 00:52:31.880
they took away one of the one
of the roadblocks to there being an ethereum

689
00:52:32.280 --> 00:52:36.480
E t F. Yeah. So
did you just call bitcoin a commodity?

690
00:52:36.679 --> 00:52:42.079
Yeah? Is that it is?
Okay, it's the only crypto that's the

691
00:52:42.119 --> 00:52:44.840
commodity, the commodity. Okay,
the rest of them are all security so

692
00:52:44.880 --> 00:52:51.159
we found some intrinsic value. Finally, we thought it would be the problems

693
00:52:51.239 --> 00:52:54.280
with getting an in theory ethereum E
t F was the fact that it's a

694
00:52:54.320 --> 00:52:59.239
security, right, commodity. They
haven't classified the theorem yet, but apparently

695
00:52:59.280 --> 00:53:01.639
they've gotten over right. I thought
it was classifying the currency. That's why

696
00:53:01.760 --> 00:53:06.719
I asked that. No, I
mean, technically any commodity could be used

697
00:53:06.719 --> 00:53:09.239
as currency. Sure, So a
lot of news on Tesla this week.

698
00:53:10.239 --> 00:53:15.519
On Tuesday, they were up seven
percent after providing a significant update on there

699
00:53:15.960 --> 00:53:22.320
long in the Tooth project to develop
electric semi trucks there's this bunch of delays,

700
00:53:22.320 --> 00:53:28.119
Trump said. Trump Musk said it
would debut in twenty twenty, he

701
00:53:28.159 --> 00:53:30.079
said, back in twenty seventeen,
he said they were going to debut the

702
00:53:31.039 --> 00:53:35.360
big rig, right, the electric
big Rig, And now they're apparently they

703
00:53:35.400 --> 00:53:39.639
expect delivery in twenty twenty six.
I cannot even imagine how, with the

704
00:53:39.719 --> 00:53:45.880
current range issues, you're going to
have any kind of a semi fleet of

705
00:53:45.920 --> 00:53:49.679
electric vehicles that's going to work.
Exactly what I was thinking, you know.

706
00:53:49.880 --> 00:53:54.119
In a related story, EV battery
maker Panasonic said they're delaying investments in

707
00:53:54.199 --> 00:54:01.000
more production capacity based on a dramatic
get this base down, a dramatic decrease

708
00:54:01.079 --> 00:54:07.360
in orders from an unnamed company.
Well, I don't think in a EV

709
00:54:07.519 --> 00:54:15.280
developer out there would be described as
getting a dramatic decrease in orders if you're

710
00:54:15.320 --> 00:54:21.199
delivering you know, ten vehicles a
month. Interestingly, Tesla is one of

711
00:54:21.239 --> 00:54:24.920
their known customers, and European sales
last month did hit a fifteen month low,

712
00:54:25.719 --> 00:54:30.360
so they might be talking about that. Li Auto. The Chinese version

713
00:54:30.400 --> 00:54:34.000
of Tesla down ten percent at the
open on Monday to a new fifty two

714
00:54:34.039 --> 00:54:37.880
week ogo. That's not the Chinese
version. Le Auto bids No, No,

715
00:54:37.920 --> 00:54:43.239
there's there's about xp b idea.
There's a whole bunch of Yeah.

716
00:54:43.280 --> 00:54:47.639
But I see you're saying Tesla is
a Chinese electric How's that? Could?

717
00:54:47.679 --> 00:54:52.360
I mean that's there? Can I
do that? Okay? So the equivalent

718
00:54:52.360 --> 00:54:55.559
of Rivi again down ten percent on
Monday to a new fifty two week ago

719
00:54:55.639 --> 00:55:00.559
after the company reported weaker than expected
earnings for the first quarter and soft guidance

720
00:55:00.599 --> 00:55:05.519
for the current corner. So it's
not just USB makers, but interestingly,

721
00:55:05.559 --> 00:55:09.800
Todd Xping and I don't know who
they're the equivalent of x x paying gain

722
00:55:09.880 --> 00:55:15.760
five percent on Tuesday after that Chinese
electric firm beat first quarter estimates top and

723
00:55:15.760 --> 00:55:20.559
bottom line. I also expect vehicle
deliveries to increase twenty five percent. I

724
00:55:20.599 --> 00:55:23.760
think I think Le Auto actually postponed
an SUV and they dropped off of that

725
00:55:23.840 --> 00:55:32.320
news more so, Yeah, what
about first Solar? How about forty this

726
00:55:32.440 --> 00:55:38.599
week? I'm sorry West this week. And that's based upon an article that

727
00:55:38.639 --> 00:55:44.480
came out an analyst actually was an
analyst who said it's a goodbye because they're

728
00:55:44.480 --> 00:55:49.360
going to really benefit from the additional
power that's going to be needed to run

729
00:55:49.440 --> 00:55:52.840
AI. Yeah, well that's a
long leap to my opinion. Well,

730
00:55:52.880 --> 00:55:54.440
no, I actually talked about this
on the show last week, how their

731
00:55:54.639 --> 00:55:59.519
expectations and this was bullet for XLU
at the time. We were talking about

732
00:55:59.519 --> 00:56:02.000
how you had this huge bull run
over the last several weeks. Why was

733
00:56:02.000 --> 00:56:05.639
it the case was because of the
similar things. If you look at the

734
00:56:05.679 --> 00:56:08.639
power generation right now, we all
use power for data centers predominantly, but

735
00:56:08.679 --> 00:56:12.760
there's new things that are being created
right now that we don't have, and

736
00:56:12.800 --> 00:56:15.719
it's AI data centers and that's where
you're putting in data and you're getting information

737
00:56:15.800 --> 00:56:20.480
out, but that uses so much
more electricity than normal data centers does.

738
00:56:20.639 --> 00:56:23.079
Then, on top of that,
cryptocurrencies also as they grow, require more

739
00:56:23.559 --> 00:56:30.440
energy as well. So you have
cryptocurrencies, the mining consumption that it needs

740
00:56:30.559 --> 00:56:34.000
is growing, you have AI data
centers, which is obviously growing exponentially,

741
00:56:34.039 --> 00:56:37.400
and data centers just in general,
things like things that Facebook have Google they

742
00:56:37.400 --> 00:56:40.800
have to have a place to store
all that data. Those are those data

743
00:56:40.800 --> 00:56:45.320
centers need a lot of energy.
So this whole article was essentially saying,

744
00:56:45.360 --> 00:56:47.679
hey, where are they going to
get this energy? Well, if the

745
00:56:47.679 --> 00:56:52.719
whole push is to get new esg
we need to have green energy. They're

746
00:56:52.760 --> 00:56:55.840
not going to say open up more
fossil fuel. You know pipelines that are

747
00:56:55.840 --> 00:56:59.880
going to say, put in more
solar. So who's that going to benefit.

748
00:57:00.119 --> 00:57:02.400
Probably an American solar company and that's
First Solar. I agree. I

749
00:57:02.519 --> 00:57:08.679
just think the move was ridiculous.
I can really over day we took profits.

750
00:57:08.880 --> 00:57:12.559
It's one of those one I get
it. I think that's a good

751
00:57:12.599 --> 00:57:15.039
example. If you know, if
you have a five percent position in a

752
00:57:15.079 --> 00:57:21.000
company that's just absolutely tear it off
and it becomes ten percent, take that

753
00:57:21.360 --> 00:57:24.519
five put it back to five percent
of the entire portfolio. Yeah, you

754
00:57:24.599 --> 00:57:28.119
then are able to lock in some
games. If it keeps going further,

755
00:57:28.159 --> 00:57:31.239
great your original position can participate in
that. Yeah. It was just a

756
00:57:31.280 --> 00:57:34.599
heck of a move, one of
the best, one of the best moves

757
00:57:34.639 --> 00:57:38.239
probably of the week for a solar
Oh yeah. Overall, a couple of

758
00:57:38.440 --> 00:57:42.519
a couple of economic things that came
out that there are a couple of things

759
00:57:42.559 --> 00:57:45.880
that came out that I'm tying to
the economy that I thought was kind of

760
00:57:45.920 --> 00:57:51.760
interesting. We've talked. Target was
up eleven percent this year, but it

761
00:57:51.880 --> 00:57:55.800
drop nine percent at the open on
Wednesday. After first quarter earnings missed estimates,

762
00:57:55.880 --> 00:58:00.960
driven by a year over year sales
decline of about three percent. They

763
00:58:00.000 --> 00:58:07.599
said customers are buying fewer discretionary items. Number two consumer debt. According to

764
00:58:07.599 --> 00:58:12.880
a survey by the Urban Institute,
many families dipped into savings or turned a

765
00:58:12.920 --> 00:58:19.320
credit card or payday loans to pay
for groceries in twenty twenty three. So

766
00:58:19.440 --> 00:58:22.800
you got Target send there's discretionary purchases
are down. You got this survey that

767
00:58:22.840 --> 00:58:28.280
people are paying giveing their credit card
to buy groceries. And then TJX,

768
00:58:28.639 --> 00:58:31.920
the discount retailer, up twenty five
percent in the last twelve months, jumped

769
00:58:31.960 --> 00:58:36.280
another six percent to an all time
high on Wednesday, So they're busy.

770
00:58:36.880 --> 00:58:40.599
And Ross stores and their discount apparel
retailer added more than eight percent on the

771
00:58:40.599 --> 00:58:44.880
heels of their earnings beats. So
what's that tell you? Target is cutting

772
00:58:44.880 --> 00:58:47.719
the prices of five thousand products that
they sell, and there are others joining

773
00:58:47.719 --> 00:58:53.639
at McDonald's, Starbucks. It was
Uber is actually implementing some lower pricing.

774
00:58:53.920 --> 00:58:59.280
Costco. The Costco has been a
real Costco's eight hundred pound gorilla, and

775
00:58:59.280 --> 00:59:04.239
they've been really tough on their suppliers
on prices. I think you're right,

776
00:59:04.320 --> 00:59:07.320
Dave. You're seeing a structural change
and spending. And I think along the

777
00:59:07.360 --> 00:59:12.440
lines of how you were explaining from
the pandemic of you know, not having

778
00:59:12.480 --> 00:59:15.239
experiences, you're buying things for the
house, and then after the pandemic you

779
00:59:15.599 --> 00:59:20.519
want to have those experiences. But
now as we're going into this, you

780
00:59:20.519 --> 00:59:23.519
know, you don't have any more
stimulus. Your credit cards are probably maxed

781
00:59:23.519 --> 00:59:28.199
out after they've paid them off in
the pandemic, right, so they're back

782
00:59:28.239 --> 00:59:30.440
up to those balanced figures. So
now you have to structurally change where you're

783
00:59:30.440 --> 00:59:34.599
going. You can't go to the
nice places anymore. You got to go

784
00:59:34.639 --> 00:59:37.880
maybe to a TJ Max of Ross, and you have to start using your

785
00:59:37.880 --> 00:59:40.320
credit card for grocery bills on a
on a monthly basis. That's obviously not

786
00:59:40.320 --> 00:59:44.159
a good sign to see on top
of what we saw with the labor market

787
00:59:44.159 --> 00:59:46.880
report last month of a lot of
part time jobs replacing full time jobs,

788
00:59:47.199 --> 00:59:52.599
which, as we know, a
lot less benefits, and that just increases

789
00:59:52.119 --> 00:59:55.440
the cost for them. It's going
to trickle through at some point. We're

790
00:59:55.480 --> 00:59:59.679
seeing it trickle through and we're start
that's I think we're starting to see that.

791
01:00:00.440 --> 01:00:02.880
We've seen it for a few months
now, and I think reports like

792
01:00:04.000 --> 01:00:07.440
this, yeah retail sales last month, right, yeah, no growth,

793
01:00:07.679 --> 01:00:13.239
yeah, right, So we're definitely
seeing that it's coming already interesting next month,

794
01:00:13.320 --> 01:00:15.159
right that retail sales before If that
comes in negative, I think we

795
01:00:15.199 --> 01:00:19.760
can really say that the consumer's starting
to get hurt. Got the big biggest

796
01:00:19.800 --> 01:00:24.440
number of the month coming on Friday, four day week to end up month.

797
01:00:24.639 --> 01:00:30.360
Interestingly, May is historically one of
the worst month, the second worst

798
01:00:30.400 --> 01:00:34.039
month of the year for stocks,
but we're with four days left, we're

799
01:00:34.079 --> 01:00:36.840
up with five point three percent for
the month, six out of the last

800
01:00:36.840 --> 01:00:40.639
seven. Yeah, big big number
on Friday. The PECEE, the personal

801
01:00:40.639 --> 01:00:45.599
consumption expenditure. Oh that one' that's
on Friday. That's on Friday, and

802
01:00:45.599 --> 01:00:52.199
that's a big one. That is
described as the Fed's favorite measure of inflation.

803
01:00:52.039 --> 01:00:58.079
And I can't even imagine a scenario
where the Federal Reserve is going to

804
01:00:58.280 --> 01:01:04.679
raise interest rates. We are amongst
a small group apparently there's really not that

805
01:01:04.840 --> 01:01:09.320
interested in seeing them drop interest rates, right, because dropping interest rates in

806
01:01:09.360 --> 01:01:14.119
this environment would mean something's broken.
It means they're seeing what we're seeing with

807
01:01:14.159 --> 01:01:16.400
this consumer. Yeah, it's getting
more such is broken. And then I

808
01:01:16.480 --> 01:01:21.159
don't forget to the tail of the
dog. The interest rates have already gone

809
01:01:21.199 --> 01:01:24.199
from five to four point four on
the ten year treasury, so it's already

810
01:01:24.239 --> 01:01:29.000
down sixty basis points. And if
you're gonna cut rates by twenty five basis

811
01:01:29.000 --> 01:01:32.239
points, well that's really already happened
twice. Yeah, sometimes the market does

812
01:01:32.239 --> 01:01:36.360
the job for the FED. Yeah, you guys have been doing a lot

813
01:01:36.400 --> 01:01:39.599
of financial plans this We have been
seeing people coming and going and your standability.

814
01:01:39.760 --> 01:01:43.840
What's the schedule like, is there
an availability if people are interested?

815
01:01:43.920 --> 01:01:46.360
Absolutely. I mean when it's come
to summertime, it's the perfect time because

816
01:01:46.400 --> 01:01:51.159
a lot of a lot of people, you know, with when kids are

817
01:01:51.480 --> 01:01:52.639
done with school, it's kind of
like the end of the year. It's

818
01:01:52.679 --> 01:01:55.960
time to reassess and look at everything. And everyone thinks it's the end of

819
01:01:55.960 --> 01:01:58.679
the year. No one's going to
do a plan. At the end of

820
01:01:58.719 --> 01:02:00.280
the year. You got Thanksgiving and
you got Christmas. You got a whole

821
01:02:00.280 --> 01:02:02.599
bunch of thing in At the start
of the year, you're so busy wrapping

822
01:02:02.639 --> 01:02:06.199
those things up that you don't really
want to actually go into things. So

823
01:02:06.239 --> 01:02:09.320
this is honestly one of the more
busy times. Even though it is slower

824
01:02:09.320 --> 01:02:14.119
because of snowboards snowbirds leave, we
have more prospects come in. And it's

825
01:02:14.159 --> 01:02:16.360
also we have more times to go
into depth with the client, really making

826
01:02:16.400 --> 01:02:20.880
sure that we're understanding all the goals
and values in building out a financial plan.

827
01:02:21.119 --> 01:02:23.760
But more so, we were talking
a lot about these risk profile reviews

828
01:02:23.760 --> 01:02:28.159
that we really want to people to
take advantage of, and they're just not

829
01:02:28.280 --> 01:02:30.679
right now. So yeah, the
risk Taller's questionnaire is a big thing.

830
01:02:30.760 --> 01:02:36.599
We were talking to prospects last week
that their form cares currently are just all

831
01:02:36.599 --> 01:02:38.559
equity, one hundred percent equity.
But we're talking to them and they're getting

832
01:02:38.599 --> 01:02:40.679
ready for a time in the next
couple of years, and they're like,

833
01:02:40.719 --> 01:02:45.440
we don't want to be this aggressive. We don't want to be that aggresive.

834
01:02:45.480 --> 01:02:46.679
Not even talking about their formum.
Okay, we just in general they

835
01:02:46.719 --> 01:02:50.360
say they want to be more conservative, they don't want to be aggressive,

836
01:02:50.400 --> 01:02:52.400
and then we look at their allocation
it's one hundred percent equity. We tell

837
01:02:52.440 --> 01:02:57.000
them that and they say they start
having a whole different mindset. A whole

838
01:02:57.000 --> 01:03:00.239
different conversation about what the future looks
like rather than what the pass looked like

839
01:03:00.239 --> 01:03:04.719
when they were just accumulating all the
money, because now the next step is

840
01:03:04.880 --> 01:03:07.800
you're decumulating during retirement. So that's
what they got to think about, and

841
01:03:07.800 --> 01:03:09.199
that's what the risk tolerance question there
helps a lot about. It's trying to

842
01:03:09.199 --> 01:03:13.880
get your risk in line with what
your goals are through retirement. I think

843
01:03:13.880 --> 01:03:15.679
one of the coolest things that we
have is one of the software pieces that

844
01:03:15.719 --> 01:03:20.880
we use is the risk analyzing tool. Like Dylan was talking about the portfolio

845
01:03:20.920 --> 01:03:22.960
analyzer. Right, So if you
come back and we see that you have

846
01:03:23.000 --> 01:03:27.880
a seventy risk score, okay,
we could take your current portfolio of holdings

847
01:03:27.880 --> 01:03:30.599
at whatever firm you're at and come
back and say, okay, yeah,

848
01:03:30.599 --> 01:03:37.079
you're aligned properly, or hey it's
time to readjust each holding within that's risk

849
01:03:37.079 --> 01:03:39.440
analyzing tool. So Apple, for
example, has a risk score of ninety.

850
01:03:39.960 --> 01:03:43.920
Right. Maybe that makes sense for
somebody that's intant that's forty years old,

851
01:03:43.960 --> 01:03:47.840
Maybe it doesn't make sense for somebody
that's seventy. It's really cool tool

852
01:03:47.880 --> 01:03:51.519
that we are able to use and
if you need to, if you just

853
01:03:51.559 --> 01:03:54.119
want to see where you're at again, if your portfolio is aligned with your

854
01:03:54.159 --> 01:03:58.360
risk tolerance, give us a call. We'll do that for free. Yeah,

855
01:03:58.519 --> 01:04:01.400
and to depth, like if you
had an Apple and Navidia a Bitcoin

856
01:04:01.519 --> 01:04:04.239
in your portfolio, just those three, you're gonna have like a ninety nine,

857
01:04:04.719 --> 01:04:09.719
right, whereas if you just have
cash, money market funds, bonds,

858
01:04:09.880 --> 01:04:13.639
you're gonna have close to a one
or ten. That range is how

859
01:04:13.679 --> 01:04:16.920
we can know what currently your portfolio
is risked out because based on that allocation,

860
01:04:17.079 --> 01:04:20.719
you can look at historically what have
been the six month returns? What

861
01:04:20.840 --> 01:04:25.519
is if you can even run a
Monte Carlo on it, what potentially could

862
01:04:25.519 --> 01:04:28.880
be the six month return that you
can experience with this type of portfolio,

863
01:04:28.920 --> 01:04:30.519
this level of risk. You don't
even have to be a client. You

864
01:04:30.559 --> 01:04:34.239
can literally just send in your statement. We'll put it in our software,

865
01:04:34.400 --> 01:04:38.360
send you the email report, and
do you want us to explain it.

866
01:04:38.400 --> 01:04:40.920
We can explain it in a meeting. You just want to take it,

867
01:04:40.960 --> 01:04:42.760
you can take it to that point. If you don't even want to come

868
01:04:42.800 --> 01:04:45.840
in, shoot me an email,
shoot shoot a call. We'll get in

869
01:04:45.880 --> 01:04:47.599
contact with you. Send us your
holdings. We'll throw it in and send

870
01:04:47.639 --> 01:04:50.920
you to the report back. Well, if I will say, the conversation

871
01:04:51.000 --> 01:04:55.360
in person is much better. Absolutely. It opens up a lot of other

872
01:04:55.400 --> 01:05:00.440
avenues and other questions that don't come
up through straight emails. But it's easier

873
01:05:00.440 --> 01:05:01.840
to do the email. Yeah,
it's a resource, and we don't want

874
01:05:01.880 --> 01:05:05.440
people to think that like we're just
sales the people and we're going to make

875
01:05:05.519 --> 01:05:10.639
you have to come into a meeting. We have resources for the people.

876
01:05:10.800 --> 01:05:14.199
We do financial plans for free.
It's not about us making sure that we

877
01:05:14.239 --> 01:05:15.559
get money at the end of the
day. It's making sure that you're educated

878
01:05:15.800 --> 01:05:20.719
and allocated properly. And as market
at all time highs, it's never a

879
01:05:20.760 --> 01:05:25.679
better time to revisit your portfolio and
your risk level. Those are not the

880
01:05:25.679 --> 01:05:29.239
same things. They are completely different. It's not time to think about it

881
01:05:29.239 --> 01:05:31.199
only when the markets have dropped twenty
percent from the all time highs. I

882
01:05:31.280 --> 01:05:33.760
want to start doing it now,
even though everything's peachy and great right now.

883
01:05:33.960 --> 01:05:36.320
This is when you want to start
doing it. Talking about like we

884
01:05:36.360 --> 01:05:40.920
talked about pairing off from FSLR,
stuff like that is what you want to

885
01:05:40.920 --> 01:05:43.440
start looking at when the markets are
at all time highs. So we had

886
01:05:43.440 --> 01:05:45.880
a client come in and said,
I want preservation of principle. It's my

887
01:05:45.920 --> 01:05:49.599
number one goal. His entire portfolio
was all stuck. Now, to his

888
01:05:49.639 --> 01:05:53.800
defense, he never heard of a
bond before. But those are the type

889
01:05:53.800 --> 01:05:58.360
of things that you know, you'd
be surprised. Even very wealthy people don't

890
01:05:58.400 --> 01:06:00.320
understand certain things. And that's where
as you say, Dave, you know,

891
01:06:00.400 --> 01:06:02.519
if you cut your on hair,
you don't need a barber. But

892
01:06:02.559 --> 01:06:05.320
if you can't and you don't trust
yourself to cut your on hair, that's

893
01:06:05.320 --> 01:06:10.320
where we come into play. Well. With stocks like Nvidia and Apple that

894
01:06:10.360 --> 01:06:14.599
have had such dramatic increases in value. Microsoft be another one of them.

895
01:06:14.760 --> 01:06:18.320
Meta would be a fourth one.
You have to trim those back. You

896
01:06:18.960 --> 01:06:24.960
can't just let that take over your
portfolio. You're a conservative investor, like

897
01:06:25.000 --> 01:06:27.920
Todd, you said, this guy
comes in, he's a conservative investor,

898
01:06:27.960 --> 01:06:30.400
and here he has all tech stocks
and it's not even close to what he

899
01:06:30.440 --> 01:06:34.280
has. And you get to a
certain point in life where you have enough

900
01:06:34.360 --> 01:06:40.159
money to get to the finish line
comfortably. At that point, a portion

901
01:06:40.280 --> 01:06:45.639
of your assets needs to be focused
on return on the money, excuse me,

902
01:06:45.840 --> 01:06:48.679
return of the money as opposed to
return on the money, because then

903
01:06:48.920 --> 01:06:51.840
as a young person, we're always
about return on the money. What's the

904
01:06:51.840 --> 01:06:55.679
most I make, what's the most
I make? And at some point that's

905
01:06:55.719 --> 01:07:00.360
which has to be slowly dialed to
return of the money. And what we

906
01:07:00.440 --> 01:07:03.559
do with that is that we do
differently than a lot of bigger firms in

907
01:07:03.880 --> 01:07:08.320
the sense that we do individual bonds. We're not buying just the bond etf

908
01:07:08.519 --> 01:07:10.840
so we can ensure that you get
your principle back at the end of the

909
01:07:10.880 --> 01:07:14.320
maturity of each bond rather than the
bond ETFs. You don't have a guarantee

910
01:07:14.320 --> 01:07:16.440
of your principle back because there is
no maturity date, you know, Dave,

911
01:07:16.480 --> 01:07:20.239
what you're talking about is the difference
between the accumulation phase and the deaccumulation

912
01:07:20.360 --> 01:07:25.519
phase. And imagine it being walking
up Everest and going down Avers. You

913
01:07:25.559 --> 01:07:27.840
know, walking up Evers, you're
going to be fine, You're going to

914
01:07:27.880 --> 01:07:30.760
get there, you have the resources, you have people around you. It's

915
01:07:30.920 --> 01:07:33.000
most people die going down Mount Everes. And that's really the hardest part of

916
01:07:33.000 --> 01:07:38.519
financial planning, distributing out the assets. After you've accumulated. You may have

917
01:07:38.599 --> 01:07:41.480
so security, you might have a
pension. But then you might also have

918
01:07:41.639 --> 01:07:44.320
a TSP of four to one K
four to fifty seven? How do you

919
01:07:44.440 --> 01:07:47.039
use that? How should it be
allocated? So it makes sure that it

920
01:07:47.159 --> 01:07:51.320
lasts as long as possible. Right? Am I taking too much out of

921
01:07:51.360 --> 01:07:57.159
this for my life expectancy? There's
a lot of variables to put into play

922
01:07:57.159 --> 01:07:59.519
there. Yeah, that's a big
thing we work with is bridging the gap

923
01:07:59.559 --> 01:08:03.840
between retirement income and retirement expense needs. And we use that through those different

924
01:08:05.039 --> 01:08:10.159
avenues four omk and four fifty seven
or four to three B whatever it might

925
01:08:10.199 --> 01:08:13.239
be your TSP, anything like that. If we need a bridge a gap,

926
01:08:13.519 --> 01:08:15.880
we can show you how we can
maneuver that with those accounts. I

927
01:08:15.880 --> 01:08:23.199
think everybody should also take advantage of
our no capital requirements here at Greenberg Financial

928
01:08:23.239 --> 01:08:26.760
Group. Right, A lot a
lot of firms won't even take you just

929
01:08:26.760 --> 01:08:29.479
because of that capital requirements. Well, we're here to help you during that

930
01:08:29.680 --> 01:08:32.479
accumulation phase. How often do we
have a meeting with somebody that's under thirty

931
01:08:32.479 --> 01:08:36.520
five years old that barely has even
started to IRA accounts or we can't even

932
01:08:36.520 --> 01:08:40.359
touch the four oh one k,
but we're still going to help them out.

933
01:08:40.600 --> 01:08:44.600
Just because you know, we believe
in the relationship, We believe in

934
01:08:44.640 --> 01:08:47.520
planning season and seeing them grow over
time. Right, we really want to

935
01:08:47.520 --> 01:08:50.960
help people. There's no account minimums. So even if you have a grand

936
01:08:51.119 --> 01:08:55.560
child, you know, a son
and daughter that you want to make sure

937
01:08:55.560 --> 01:08:58.640
that they understand the value of investing. We have many clients where we even

938
01:08:58.680 --> 01:09:01.079
have a financial literacy propose. What
would be more than happy to have one

939
01:09:01.159 --> 01:09:06.680
of our you know, advisors to
explain financial literacy a very simple course and

940
01:09:06.920 --> 01:09:11.279
we can do that to this grandchildren
and children, get them started understanding things

941
01:09:11.520 --> 01:09:13.920
on that line. And it's a
very important thing because, as Deane says,

942
01:09:13.960 --> 01:09:15.960
it's not taught in our school,
especially here in Arizona public system,

943
01:09:16.399 --> 01:09:21.000
so take advantage of it. You
know, there's so many people that come

944
01:09:21.039 --> 01:09:26.159
in this door that truly leave with
a peace of mind that they've never felt

945
01:09:26.159 --> 01:09:30.159
like they could have obtained. And
we see many studies that show that if

946
01:09:30.159 --> 01:09:31.800
you don't have stress in your financial
life, if you don't have stress in

947
01:09:31.840 --> 01:09:36.039
your emotional life, you live longer, you live happier. Right, you

948
01:09:36.079 --> 01:09:41.079
can do the things that you want
to do without having to worry about what's

949
01:09:41.159 --> 01:09:43.159
next. To that point, we
just had somebody to come in. She

950
01:09:43.199 --> 01:09:45.279
was scared that she was going to
have to work for ten more years.

951
01:09:45.399 --> 01:09:48.359
What do we find She's going to
retire two? Right? And it's all.

952
01:09:48.439 --> 01:09:51.840
And she also said she was afraid
to come in to even do the

953
01:09:51.880 --> 01:09:56.720
initial meeting because she didn't know if
it was right for her, if if

954
01:09:56.760 --> 01:10:00.800
she didn't want to know what the
answer was. Get that, I get

955
01:10:00.800 --> 01:10:03.960
that. That's kind of scary.
You often not see people because they don't

956
01:10:04.039 --> 01:10:08.439
want you to know how little they
have, or they don't want you to

957
01:10:08.479 --> 01:10:12.880
know how much they have. It's
all confidential, it doesn't go anywhere except

958
01:10:12.920 --> 01:10:17.399
here. And the tools that you
guys have and the proposals that you put

959
01:10:17.439 --> 01:10:24.600
together for people are beyond compare.
And it's again free because when you compare

960
01:10:24.600 --> 01:10:26.760
it to a lot of people,
they charge a lot of money for this,

961
01:10:27.319 --> 01:10:29.720
and it's true. You can look
at it. Oh, no,

962
01:10:29.880 --> 01:10:32.560
thousands of dollars, thousands of dollars. And I remember when I was a

963
01:10:32.600 --> 01:10:36.760
broker at one of the major firms
here in town, we were required to

964
01:10:36.840 --> 01:10:42.039
do I think the number was ten
of those a year, ten financial plans

965
01:10:42.039 --> 01:10:45.920
a year. And twenty five years
ago they were getting fifteen hundred bucks for

966
01:10:45.000 --> 01:10:49.560
them, So take advantage of the
resource that we're giving you. Yeah,

967
01:10:49.760 --> 01:10:54.840
and like Dean said, the resources
are so extensive, whether it be an

968
01:10:54.880 --> 01:10:58.279
accountant or an attorney, or an
estate planner, or a plumber or an

969
01:10:58.279 --> 01:11:02.119
electrician or somebody do your solar or
you want Dean's help buying a car.

970
01:11:03.119 --> 01:11:09.079
Right, he seems that there's just
a myriad of things that we bring to

971
01:11:09.119 --> 01:11:12.479
the table. Even if you didn't
have questions, how do I invest to

972
01:11:12.560 --> 01:11:15.960
my charity most efficiently? How do
I you know, all kinds of different

973
01:11:15.960 --> 01:11:17.880
things that can pop up medicare questions. We have a way to answer it

974
01:11:17.880 --> 01:11:20.520
for you, So take advantage.
Give us a call five two zero five

975
01:11:20.520 --> 01:11:24.359
for four four nine zero nine.
Let us be that one stop shot for

976
01:11:24.399 --> 01:11:27.239
you at Greenberg Financial Group. Yeah, like you say, there are a

977
01:11:27.279 --> 01:11:31.119
lot of different ways to approach this, and I think the nice thing you

978
01:11:31.159 --> 01:11:36.039
guys have is this interactive financial plan
where it's real time and you can change

979
01:11:36.079 --> 01:11:40.279
things based upon what the client's thinking. And you know you're scared of this,

980
01:11:40.680 --> 01:11:45.520
how about this every scenario you can
think about. We appreciate your joining

981
01:11:45.560 --> 01:11:49.000
this on this Memorial Day weekend,
and we will be back after this break.

982
01:11:49.039 --> 01:11:53.079
Thanks again, appreciate it. Welcome
back to the Money Matter Show.

983
01:11:53.119 --> 01:11:56.920
My name is Todd Glick. I'm
here with Dylan Greenberg and David Sherwood.

984
01:11:57.479 --> 01:12:00.279
Fun week, but boring one.
I mean, I'd love to see all

985
01:12:00.359 --> 01:12:03.119
time highs. It's always a fun
time in the market, but it was

986
01:12:03.199 --> 01:12:05.720
a pretty boring week. I think
going in, we knew it was in

987
01:12:05.800 --> 01:12:09.960
video week. In video was going
to be the focus, and the reason

988
01:12:10.039 --> 01:12:16.560
for that is that a lot of
this record rally has been generated by excitement

989
01:12:16.800 --> 01:12:21.439
about AI and what that's going to
do to bottom lines, and in video

990
01:12:21.720 --> 01:12:29.319
is a window into AI. So
in videos we're all hanging on. You

991
01:12:29.359 --> 01:12:31.840
know, when the Nvidia earnings came
out, I said to Dan, Okay,

992
01:12:31.920 --> 01:12:39.199
we can breathe again, because if
in Video's earnings were down, or

993
01:12:39.279 --> 01:12:45.319
their sales were slowing or their inventory
was growing, that means that AI is

994
01:12:45.880 --> 01:12:50.079
slowing down. And if AI is
what is driving this market, you do

995
01:12:50.199 --> 01:12:55.000
not want to see it slow down. It could have gotten ugly. I

996
01:12:55.000 --> 01:12:59.680
think you're dead on. I think
also you're seeing that the video being the

997
01:12:59.680 --> 01:13:02.960
market. Darling has a huge influence, which was so surprising to see on

998
01:13:03.039 --> 01:13:08.159
Thursday it being helding. You know, it held its gains from the Wednesday

999
01:13:08.520 --> 01:13:11.720
pop, but the rest of the
market really did sell off. As you

1000
01:13:11.760 --> 01:13:15.239
mentioned, the pm I came out
higher than expected. But even so,

1001
01:13:15.840 --> 01:13:20.199
uh, I think what you're alluding
to is if it was the opposite,

1002
01:13:20.479 --> 01:13:23.680
it would have been even worse.
It would have been horrible. Yeah,

1003
01:13:23.760 --> 01:13:26.920
yeah, it would have been horrible. And the fact that in vidiot now

1004
01:13:27.640 --> 01:13:30.760
had the had the pm I number
come out and in Vidio's earnings were not

1005
01:13:30.840 --> 01:13:35.359
that day, would it have been
worse? Possibly? Possibly? And it

1006
01:13:35.399 --> 01:13:40.239
was mostly a dow It was mostly
a Dow sell off. Yeah, we

1007
01:13:40.279 --> 01:13:43.039
talked about that. I mean the
Dow being down two point three where the

1008
01:13:43.119 --> 01:13:45.239
S and P is flat, quite
a divergence. We rarely see that big

1009
01:13:45.279 --> 01:13:49.399
of a divergence in a major index
like that. No, it was very

1010
01:13:49.439 --> 01:13:54.000
strange, very strange, just to
see that big of a divergence, and

1011
01:13:54.079 --> 01:13:57.119
the divergence on the week where the
Dow is down two and a half percent,

1012
01:13:57.199 --> 01:14:00.920
the S and P five hundreds flat, very usual to see that.

1013
01:14:00.520 --> 01:14:04.880
Still got the inverted your curve.
I was talking to a client. This

1014
01:14:05.039 --> 01:14:10.279
is the longest, it's it's longest
in history. It is, you know,

1015
01:14:10.479 --> 01:14:13.159
scary because we still have it,
and in the back of your head

1016
01:14:13.239 --> 01:14:16.119
you do think, you know it's
not it hasn't not worked yet because technically

1017
01:14:16.279 --> 01:14:20.960
it could just happen anytime then it
will it be a confirmed signal, Right,

1018
01:14:21.359 --> 01:14:24.800
yeah, yeah, I mean you're
gonna have to see the Federal Reserve

1019
01:14:24.920 --> 01:14:28.920
lower short term rates to make it
happen. And what kind of an economic

1020
01:14:29.000 --> 01:14:32.279
scenario is that gonna take. For
take a recession, so then the recession

1021
01:14:32.600 --> 01:14:35.760
signal would be correct. It just
took two years for it just happened,

1022
01:14:35.800 --> 01:14:40.279
but so leave it inverted. Who
cares, right, We'll see that's what

1023
01:14:40.319 --> 01:14:43.439
you think right now, But it
would be nice not to have that be

1024
01:14:43.520 --> 01:14:47.800
the indicator. We talked about the
Consumer Price Index last month, and this,

1025
01:14:47.960 --> 01:14:53.520
of course is this kind of relates
to the the PCE as well.

1026
01:14:54.199 --> 01:14:58.079
We talked about shelter being such a
large portion of Todds. Shelter is actually

1027
01:14:58.119 --> 01:15:03.880
a third, a full one third
of the CPI and other goods and services.

1028
01:15:03.960 --> 01:15:09.239
This is funny because other goods are
twenty percent and other services are thirteen

1029
01:15:09.319 --> 01:15:14.039
percent. But it is a shelter
and that's why we've been unable to get

1030
01:15:14.039 --> 01:15:17.159
that inflation number down to where the
FED wants it because there is no relief

1031
01:15:17.720 --> 01:15:23.520
in housing prices or in rents.
Well, the reason is because of supply

1032
01:15:23.560 --> 01:15:28.600
and demand. Absolutely basic laws of
economics and saying if you don't have supply

1033
01:15:29.079 --> 01:15:30.840
and you still have the same amount
of demand, price has to go up.

1034
01:15:30.920 --> 01:15:34.119
And you don't have supply because everybody
is coveting their more eager, and

1035
01:15:34.119 --> 01:15:38.359
you don't have supply of rentals because
everyone has the rent because they can't get

1036
01:15:38.359 --> 01:15:41.079
them my house. Yeah, it
is. It is interesting. You're absolutely

1037
01:15:41.159 --> 01:15:45.520
right. The rental prices are going
up because of demand for rentals because people

1038
01:15:45.560 --> 01:15:47.239
can't afford to buy houses, right, because of the inventory of houses.

1039
01:15:47.279 --> 01:15:51.079
It's all like a self. It's
all of a selffes and at some point

1040
01:15:51.079 --> 01:15:54.560
it's going to break. I don't
know what's going to cause it to break.

1041
01:15:54.600 --> 01:15:59.079
People losing the jobs probably that's the
scary part, and that's the recession,

1042
01:15:59.600 --> 01:16:03.720
right, and that's really the wait
type of environment. Yep, thanks

1043
01:16:03.760 --> 01:16:06.520
so Dan agree. I don't see
that until next year though. No,

1044
01:16:06.640 --> 01:16:11.239
I'm with you. You know something's
gonna happen at some time, and that

1045
01:16:11.880 --> 01:16:15.359
you know, but you don't you
can't plan for that. All you can

1046
01:16:15.439 --> 01:16:20.239
plan for is overvaluation going to get
risk. You can plan plan for the

1047
01:16:20.279 --> 01:16:25.760
market getting ahead of itself too much
higher than the two hundred day moving average.

1048
01:16:26.000 --> 01:16:28.920
Stock's blowing up. You can plan
for that. You can do stuff

1049
01:16:28.960 --> 01:16:31.079
about that. What you cannot do
is the black Swan event. And anyone

1050
01:16:31.079 --> 01:16:34.760
that says they can is crazy.
What you can find out is looking at

1051
01:16:34.760 --> 01:16:40.439
indicate, especially technical ones that can
give you an idea that this market is

1052
01:16:40.439 --> 01:16:43.119
top heavy, you know, And
if you've been around the market as long

1053
01:16:43.159 --> 01:16:45.479
as we have, that's experience,
you get to feel for it a little

1054
01:16:45.520 --> 01:16:48.680
bit, you do. You know, it's you have to understand. And

1055
01:16:48.720 --> 01:16:53.720
I don't, Dave, and I
know I've said this to you many times.

1056
01:16:54.760 --> 01:16:59.199
Very few people understand how the markets
really work. True, Okay,

1057
01:16:59.319 --> 01:17:01.479
they don't underst staying with the hedge
funds and the fast money and the slow

1058
01:17:01.560 --> 01:17:06.760
money and the insurance companies and the
market makers, and how they actually make

1059
01:17:06.840 --> 01:17:11.239
money against the rest of the people, you know what I mean, They

1060
01:17:11.279 --> 01:17:15.880
get caught up with the trading.
I honestly believe that this fast money is

1061
01:17:15.960 --> 01:17:19.199
able to hit the markets hard enough
to panic people out, and that's what

1062
01:17:19.239 --> 01:17:23.439
they wait for once or twice a
year. It might not be thirty fIF

1063
01:17:23.520 --> 01:17:26.439
percent, but it could be five
or ten percent. Like we get sure

1064
01:17:26.479 --> 01:17:29.000
and they build it up, they
buy it, and then everyone comes back

1065
01:17:29.039 --> 01:17:33.800
in again because people panic out and
they use the headlines and the news to

1066
01:17:33.880 --> 01:17:36.960
do it. Let's face it,
coming into this year, how many people

1067
01:17:36.960 --> 01:17:40.760
they want to be in the market. Well, what if Biden gets in?

1068
01:17:40.920 --> 01:17:43.840
Whatever, they raise interest rates,
what if this happens, What if

1069
01:17:43.880 --> 01:17:46.279
that happened. We're inverted curve.
We're going to have it. Okay,

1070
01:17:46.760 --> 01:17:51.720
it's always going to be there,
and at some time the markets will fall,

1071
01:17:51.800 --> 01:17:57.359
but you need to be able to
understand your portfolio, mitigate that risk,

1072
01:17:57.720 --> 01:18:00.680
and be able to buy when it's
down and not be afraid by right.

1073
01:18:00.720 --> 01:18:02.479
And you can't. You can't invest, like Deane said, you can't

1074
01:18:02.760 --> 01:18:08.640
invest worrying about a black swan because
you can't predict that it may never come.

1075
01:18:09.039 --> 01:18:12.720
And you're never gonna make any money
if you're investing on that basis,

1076
01:18:12.800 --> 01:18:15.000
because here's what will happen. You'll
be sitting in cash waiting for the black

1077
01:18:15.000 --> 01:18:17.600
swan event. The black swan event
will happen, and you won't buy if

1078
01:18:17.640 --> 01:18:19.840
you got out like, you know, wait because of that black Swana,

1079
01:18:19.840 --> 01:18:21.800
you never want to get back in
because of another black swan. You would

1080
01:18:21.800 --> 01:18:26.199
have had to wait fourteen years,
sorry, twelve years till twenty twenty.

1081
01:18:26.359 --> 01:18:29.520
Was that was black swan and it
was the quickest one ever. So well,

1082
01:18:29.560 --> 01:18:33.359
the other side to that is to
say, you put your money safely

1083
01:18:33.439 --> 01:18:39.600
in the bank, right sure,
black swan event comes, thanks go away,

1084
01:18:40.239 --> 01:18:44.560
doesn't batter way your money is,
you're done. Okay, you know

1085
01:18:44.720 --> 01:18:47.039
a nuclear wolf, but what if
the nuclear will happened? Okay, so

1086
01:18:47.079 --> 01:18:49.199
what are you gonna do? I
know they said, well have gold?

1087
01:18:49.439 --> 01:18:54.600
That's the funny one. Gold.
You think the guy that bought your gold

1088
01:18:54.640 --> 01:18:59.279
that's storing you're bought someplace in some
company, is gonna go send you your

1089
01:18:59.319 --> 01:19:03.359
gold. If there's any goal there, trust me, they're going to take

1090
01:19:03.399 --> 01:19:06.119
the goal for themselves. And even
if you had your goal to who you're

1091
01:19:06.159 --> 01:19:10.439
going to sell it to? What's
the market? They only know about nuclear

1092
01:19:10.520 --> 01:19:13.600
wars. I do not want to
be one of the survivors. Yeah,

1093
01:19:13.640 --> 01:19:15.800
I think a lot of people they
do think of the what if worst case

1094
01:19:15.880 --> 01:19:19.159
scenarios, And there's something called game
theory that you can play with that,

1095
01:19:19.479 --> 01:19:23.640
and you like, that's what Dean
just did, and it's saying, what

1096
01:19:23.760 --> 01:19:28.439
actually does happen in that scenario?
You can't use it right. So if

1097
01:19:28.439 --> 01:19:31.720
you are afraid of a really bad
case scenario, play it out in your

1098
01:19:31.720 --> 01:19:36.920
head. What would actually happen if
that took place? And does it even

1099
01:19:36.960 --> 01:19:41.119
matter? Well, let's walk through
that scenario. Two thousand and eight,

1100
01:19:41.159 --> 01:19:45.800
everything got hit, people got scared. You put your money safely. You

1101
01:19:45.920 --> 01:19:50.520
earn one percent for how long?
Ten twelve years? Well, the markets

1102
01:19:50.520 --> 01:19:57.840
were rowing, rowing, roaring.
Now file you can get five percent and

1103
01:19:57.880 --> 01:20:02.840
the market's up eleven percent in five
five months months. Okay, portion your

1104
01:20:02.880 --> 01:20:06.960
money out, but you have to
the only way you can get through it

1105
01:20:08.000 --> 01:20:12.840
is by looking at it from a
bird's eye view of understanding of a long

1106
01:20:12.920 --> 01:20:15.520
term thing of where it is.
Then you've got to go to a place

1107
01:20:15.720 --> 01:20:19.159
that com mitigates some risk and understand
that they're not going to let you get

1108
01:20:19.159 --> 01:20:23.960
aggressive. Things can happen. You
can have a company go out of business.

1109
01:20:24.079 --> 01:20:27.279
You can have a bond that goes
out of business. The woops bonns

1110
01:20:27.479 --> 01:20:32.439
you remember those days. Absolutely,
Okay, triple A rated three twelve fifteen

1111
01:20:32.479 --> 01:20:40.000
percent triple A rated ensured everyone lost
their money. Yep, yep, Washington

1112
01:20:40.039 --> 01:20:45.800
Public Power supply whoops appropriately named.
So again it's allocation, allocation, allocation.

1113
01:20:46.159 --> 01:20:49.119
Yeah, and I think about the
risk mitigation. If we're afraid of

1114
01:20:49.159 --> 01:20:51.600
the markets. If we're saying,
hey, the market's top heavy here,

1115
01:20:51.760 --> 01:20:56.359
it doesn't mean we're taking you all
the cash. We're always invested in the

1116
01:20:56.399 --> 01:20:59.600
markets, right, that's part of
our GfG model that we build in house.

1117
01:21:00.079 --> 01:21:01.840
But there's times when the market's top
have you bet we're going to be

1118
01:21:01.920 --> 01:21:08.079
full fully maxed out on our risk
mitigation level. Right. We only put

1119
01:21:08.119 --> 01:21:12.479
a certain metric on each account that
will mitigate risk up to right, because

1120
01:21:12.520 --> 01:21:15.239
as Dave said, well you can
be wrong. You could be waiting forever

1121
01:21:15.560 --> 01:21:17.039
trying for the market downturn, and
then you never know when to get back

1122
01:21:17.039 --> 01:21:19.560
in and the market goes higher eighty
five percent of the time. So right

1123
01:21:19.960 --> 01:21:24.439
investable to no. I was just
going to say, when we have a

1124
01:21:24.439 --> 01:21:27.600
lot of cash, it's fifteen twenty
percent, Maybe that's a lot of cash

1125
01:21:27.640 --> 01:21:30.680
for us. Eighty percent still in
the markets. However, your risk talluns

1126
01:21:30.760 --> 01:21:33.000
is allocated. I'd say right now
we're probably what eight to ten percent cash.

1127
01:21:33.039 --> 01:21:36.000
But about last year we were about
fifteen. Yeah, we haven't put

1128
01:21:36.000 --> 01:21:39.800
in more to markets. Yes,
as we get opportunities on twenty two at

1129
01:21:39.800 --> 01:21:43.800
the end of twenty two, like
the number of people that wanted out at

1130
01:21:43.800 --> 01:21:45.239
the end of twenty two, we
would spend a lot of time on the

1131
01:21:45.239 --> 01:21:47.920
phone saying no, no, no, not now, this is not the

1132
01:21:47.960 --> 01:21:50.479
time to be getting out. It's
the time to be getting in. And

1133
01:21:50.520 --> 01:21:54.680
then of course twenty three had reversed
and off it went to the races and

1134
01:21:54.720 --> 01:21:58.720
has been going ever since. Yeah. I mean it seems like people should

1135
01:21:58.760 --> 01:22:01.720
realize that every time the market it's
have bottomed out, it's probably a good

1136
01:22:01.720 --> 01:22:05.479
time to buy. Remember it too, if you've bid in the right areas

1137
01:22:05.560 --> 01:22:12.760
and had exposure to the QQQ or
the technology or the semiconductors, the fact

1138
01:22:12.760 --> 01:22:15.159
that you had some cash, they're
out doing the cash anyway. If you

1139
01:22:15.199 --> 01:22:18.720
didn't have any money in those areas
in just the regular market, you haven't

1140
01:22:18.720 --> 01:22:24.399
done that well. Like equal weight, right, right, So allocation in

1141
01:22:24.479 --> 01:22:28.319
different areas and what makes you there, And that is why a Greenberg Financial

1142
01:22:28.359 --> 01:22:34.960
Group ETF model is fantastic. We
we rebalance it, we reallocate it as

1143
01:22:35.039 --> 01:22:38.920
markets go up and down, so
we add to it, we subtract to

1144
01:22:39.000 --> 01:22:42.000
it, but we're always invested in
that part of it. I mean,

1145
01:22:42.079 --> 01:22:45.439
check out this right here. NASDAG
up eight point one percent this month alone,

1146
01:22:45.600 --> 01:22:47.920
equal weighted only up two point nine. Yeah, you're talking about a

1147
01:22:47.960 --> 01:22:53.800
five percent difference just in the twenty
five days. Yeah, that's absolutelyrt.

1148
01:22:53.840 --> 01:22:58.079
But it's also not on their entire
portfolio. It's only you know, when

1149
01:22:58.119 --> 01:23:01.279
people come to us, we do
the high portfolio. So when people say,

1150
01:23:01.279 --> 01:23:04.279
well, the SMP's up eleven percent, well, the part that's in

1151
01:23:04.319 --> 01:23:09.239
the SMP is gonna should be up
about that ten to twelve percent, maybe

1152
01:23:09.239 --> 01:23:12.720
more. Okay, you can't take
the whole portfolio that's fifty to fifty.

1153
01:23:12.960 --> 01:23:15.399
We only earn five percent of one
and eleven percent on the other you're going

1154
01:23:15.439 --> 01:23:19.640
to be at six seven percent.
And remember five percent for the entire year

1155
01:23:20.079 --> 01:23:25.520
is not just for five months,
right, right. If you're making less

1156
01:23:25.560 --> 01:23:29.640
than the than the market averages,
it's because you don't have one hundred percent

1157
01:23:29.640 --> 01:23:31.399
of the money in the market.
And why would you not have one hundred

1158
01:23:31.439 --> 01:23:34.560
percent of the money in the market, because you can't tolerate the volatility.

1159
01:23:34.840 --> 01:23:38.399
But you should never do that in
any way of all your moneys at you

1160
01:23:38.479 --> 01:23:42.039
together. We're not just investing in
just large cap or something like that.

1161
01:23:42.079 --> 01:23:48.840
We're not institutions multi multifaceted allocation.
And that's a lot more difficult for people

1162
01:23:48.880 --> 01:23:53.000
to understand because they look at one
index and do it. But then when

1163
01:23:53.000 --> 01:23:56.720
you explain it, they get it, you know, over time, because

1164
01:23:56.720 --> 01:23:59.560
then you have the blended indexes and
you go from there. How your money

1165
01:23:59.560 --> 01:24:02.800
manager doing depends upon what which index
you're trying to mimic. All right,

1166
01:24:02.840 --> 01:24:05.680
we'll be back. We have another
segment. We do appreciate you listening.

1167
01:24:05.680 --> 01:24:09.880
This is Dean Greenberg. This is
the Money Battery Show. Come see us

1168
01:24:10.039 --> 01:24:13.920
get the financial plan done. It's
worth it. Welcome back. This is

1169
01:24:13.920 --> 01:24:18.239
the Moneybatter Show with Dean Greenberg,
Dave Dylan and Todd on the hottest stocks

1170
01:24:18.279 --> 01:24:24.199
out there we haven't talked about yet. Eli Lilly cliped eight hundred dollars last

1171
01:24:24.199 --> 01:24:29.800
week, new all time high after
China approved their GLP one drugs and that

1172
01:24:29.880 --> 01:24:35.119
opens up that market, the Chinese
market to Monjaro and zep bound. But

1173
01:24:35.119 --> 01:24:40.119
but there's a butt of this Hym's
and hers. I know you've seen the

1174
01:24:40.119 --> 01:24:43.840
ads on TV there. They spent
a lot of money advertising. The online

1175
01:24:43.880 --> 01:24:47.600
healthcare company was languishing under ten bucks
to share for most of the past year,

1176
01:24:48.399 --> 01:24:51.880
jump thirty percent on Monday. That's
to the highest level in three years.

1177
01:24:51.920 --> 01:24:56.680
After they announced you'll be able to
access their site to get that red

1178
01:24:56.720 --> 01:25:01.640
hot GLP one weight loss injection from
hundred ninety nine dollars a month, far

1179
01:25:01.680 --> 01:25:05.720
below the five hundred to one thousand
is charged by others. Why, it's

1180
01:25:05.760 --> 01:25:11.359
not FDA approved. So that's one
of these compound pharmacy deals, right,

1181
01:25:11.640 --> 01:25:14.079
But you know the other side,
as I was looking, I was thinking,

1182
01:25:14.199 --> 01:25:19.039
you know, nor are any of
the hundreds of supplements that tens of

1183
01:25:19.119 --> 01:25:24.279
millions of people take every week.
Yeah, they're not FDA approved either,

1184
01:25:24.319 --> 01:25:27.479
So I don't think that holds it
back at all. Yeah, but it

1185
01:25:27.520 --> 01:25:30.199
depends where to go. That's that's
pretty cheap, the one hundred and ninety

1186
01:25:30.279 --> 01:25:32.880
nine dollars. Yeah, Okay,
so there's going to be some short cut

1187
01:25:33.039 --> 01:25:36.760
in my mind if I'm looking at
it doing it that way, because the

1188
01:25:36.840 --> 01:25:41.760
average is probably more like, uh, I don't know, four hundred dollars.

1189
01:25:42.159 --> 01:25:45.720
That seems a little low, actually
I do. Yeah, I've seen

1190
01:25:45.960 --> 01:25:49.159
four hundred four point fifty for four
to five. It depends on how much

1191
01:25:49.159 --> 01:25:54.479
you're taking on the dose. It's
but my feeling is, you know,

1192
01:25:54.920 --> 01:25:58.239
you like to go through a doctor
at least to go get it him and

1193
01:25:58.319 --> 01:26:01.000
hers. What doctor is it online? You know? Right, it's like

1194
01:26:01.079 --> 01:26:04.439
it's it's like this viaguer and other
stuff you can get online. They have

1195
01:26:04.560 --> 01:26:08.520
their doctor. You know, you
say I need it because well, why

1196
01:26:08.560 --> 01:26:10.760
because I've got to E T D
D. You know that's what hymn and

1197
01:26:10.800 --> 01:26:14.319
hers is. You can eat all
that right absolutely. Lily also announce that

1198
01:26:14.319 --> 01:26:17.000
they're going to invest five point three
billion dollars into expansion so they can manufacture

1199
01:26:17.000 --> 01:26:19.760
more than zet bound in. I
saw that, Yeah, yeah, I

1200
01:26:19.760 --> 01:26:27.000
saw that. So Lily is o
zepic right on Jordan zet bound Manjaro and

1201
01:26:27.199 --> 01:26:35.199
uh we'll go be bound well zet
bound. I thought reper diabetes ze bounds

1202
01:26:35.239 --> 01:26:38.920
for a weight loss. I thought
it was interesting, how right? But

1203
01:26:39.239 --> 01:26:42.000
right, so you want to at
least get with the with the stuff that's

1204
01:26:42.720 --> 01:26:45.520
at least has been approved by the
FDA. It's really a tough stock to

1205
01:26:45.520 --> 01:26:49.119
try to get its fifty fifty eight
times earnings without much of a dividend,

1206
01:26:49.199 --> 01:26:53.319
lily, So you just got it. I think to wait for I mean,

1207
01:26:53.560 --> 01:26:57.319
and the only thing that they can
do if the FDA gets to go

1208
01:26:57.439 --> 01:27:00.760
themselves looking at this and says,
you know what, we'll we're gonna let

1209
01:27:00.760 --> 01:27:03.000
insurance start taking this. Yeah,
and I don't see. I don't think

1210
01:27:03.039 --> 01:27:10.239
the insurance they do. But if
first of all the insurance should do it,

1211
01:27:10.279 --> 01:27:13.720
you know why because if people lost
weight, it would save them a

1212
01:27:13.760 --> 01:27:16.239
lot more on on uh on other
things. That can think that's how they

1213
01:27:16.319 --> 01:27:20.600
want their business model to be.
Do you think that's how pharmaceuticals work.

1214
01:27:20.840 --> 01:27:25.079
No, insurance companies, Yeah,
yeah, they they're kind of hand in

1215
01:27:25.119 --> 01:27:28.920
hand. They're not. They don't
want you to spend less. No,

1216
01:27:29.359 --> 01:27:33.119
the insurance company would save money if
people were healthier. They wouldn't charge us

1217
01:27:33.159 --> 01:27:35.720
less. They would be healthier.
But then also they would have to give

1218
01:27:35.840 --> 01:27:40.359
less rates because if they're healthier,
then your underwriting them at a lower rates.

1219
01:27:40.600 --> 01:27:44.439
Oh really, because you're telling me
your canoesn't going up and you never

1220
01:27:44.560 --> 01:27:47.680
use it. That's not what I
just said. If you're healthier, your

1221
01:27:47.720 --> 01:27:53.800
healthcare premiums, your healthcare premiums would
go down in relation to your health class

1222
01:27:53.880 --> 01:27:59.199
rating. We still stay healthy.
It still goes increases with life insurance.

1223
01:27:59.239 --> 01:28:02.239
This is only increased. You haven't
paid health insurance. I don't think there's

1224
01:28:02.239 --> 01:28:05.159
been a year that health insurance hasn't
gone on. It's still Yeah. But

1225
01:28:05.239 --> 01:28:08.840
that's everything. That's inflation what we're
talking about, you know, speaking of

1226
01:28:08.880 --> 01:28:13.880
speaking of car insurance, you just
mentioned that that's been the number one most

1227
01:28:15.000 --> 01:28:18.840
appreciator most inflation. What's the word
I'm trying to think here. It's gone

1228
01:28:18.920 --> 01:28:24.319
for the most of anything. Yes, insurancedumb down. Yes, car insurance

1229
01:28:24.319 --> 01:28:27.600
has gone up more than anything.
I was up nineteen percent last year.

1230
01:28:27.680 --> 01:28:30.399
And if you if you a good
driver here supposed to not have these big

1231
01:28:30.399 --> 01:28:32.000
increases, but you do anyway,
yea. And Bank of America said that

1232
01:28:32.039 --> 01:28:35.359
they're they're seeing some things behind the
scenes, and of course it's been because

1233
01:28:35.399 --> 01:28:41.399
of the cost of repair and the
high cost of used cars. The Bank

1234
01:28:41.439 --> 01:28:45.199
of America says they see some relief
coming. They do not expect rates to

1235
01:28:45.319 --> 01:28:49.560
decline, but the rate of increases. All these drugs we know are sold

1236
01:28:49.960 --> 01:28:54.279
so much more expensive in this state, I mean, this country compared to

1237
01:28:54.279 --> 01:28:57.000
any other country in the world.
Why, Because they're in bed with each

1238
01:28:57.000 --> 01:29:00.279
other. The insurance companies and the
pharmaceutical companies know that they can have that

1239
01:29:00.479 --> 01:29:03.600
game played all day, and the
insurance company never has to pay the pharmaceutical

1240
01:29:03.600 --> 01:29:06.159
company the same amount of money as
a retail person would have to pay the

1241
01:29:06.159 --> 01:29:12.720
pharmaceutical company if they didn't have insurance. Right, Okay, but I still

1242
01:29:12.760 --> 01:29:17.319
feel that insurance companies are going to
get there someday with preventive they started,

1243
01:29:17.359 --> 01:29:21.359
but preventive is good, and start
paying for some more such. I think

1244
01:29:21.399 --> 01:29:25.680
if the cost were to get down
to a fraction of what it is now,

1245
01:29:25.720 --> 01:29:28.399
that might happen, But right now
I don't think they believe they can

1246
01:29:28.479 --> 01:29:30.760
even can handle it. I also
thought it was interesting how Dylan was talking

1247
01:29:30.760 --> 01:29:34.479
to me about some of the antecdotes
of personal people who were actually using it.

1248
01:29:34.560 --> 01:29:36.760
I didn't really understand that. Yeah, I mean, I was talking

1249
01:29:36.800 --> 01:29:41.960
to somebody the other day, like
just heard multiple cases where people just all

1250
01:29:41.960 --> 01:29:45.159
of a sudden have health issues after
taking whatever version they're taking of this weight

1251
01:29:45.159 --> 01:29:48.960
loss thing. Yep, they've just
had health issues, whether it's panic attacks,

1252
01:29:48.960 --> 01:29:54.119
whether it's the other stuff like this
intentional that you've never had before.

1253
01:29:54.840 --> 01:29:58.560
They start all having these random health
issues, and it has happened after they

1254
01:29:58.600 --> 01:30:00.640
started taking these weight loss things.
But they're saying, the trade off is

1255
01:30:00.800 --> 01:30:04.119
I lose weight, I look better. I don't care about the other issues.

1256
01:30:04.720 --> 01:30:09.159
I'm just scaling my church to the
lost forty pounds. She looks fantastic,

1257
01:30:09.760 --> 01:30:13.319
and she's passing out randomly, like
a couple of times a week.

1258
01:30:13.359 --> 01:30:15.880
That's what I'm saying. Like,
you're hearing more and more of these stories,

1259
01:30:15.880 --> 01:30:19.640
and it's just it's there's one common
denominator, is these weight loss this

1260
01:30:19.720 --> 01:30:23.880
scalzoner thirty right right, the scalesoner
thirty. It's not like you're some seventy

1261
01:30:23.960 --> 01:30:28.520
year old personally thirty thirty passing out
random and passing out. It wasn't before

1262
01:30:28.560 --> 01:30:31.199
she started taking the wills exactly.
That's that's what I'm saying, lost your

1263
01:30:31.279 --> 01:30:35.359
job. Really, Yep, there's
gotta be something going on with what's going

1264
01:30:35.479 --> 01:30:40.960
because there some maybe are could be
could be the vaccine. It could be,

1265
01:30:41.680 --> 01:30:44.479
but maybe she got it four years
ago and never said an issue.

1266
01:30:44.600 --> 01:30:47.760
I'm just saying, you take it
so you're a little biased too. I'm

1267
01:30:47.800 --> 01:30:51.239
just noticing that multiple people are just
saying, ah, Yeah, Like I

1268
01:30:51.520 --> 01:30:55.800
got a friend that just started doing
this. You pass out or you have

1269
01:30:55.840 --> 01:30:59.159
something issues out of nowhere that they
never had before they started taking these weight

1270
01:30:59.159 --> 01:31:00.279
loss bills. I agreed. So
it's a trade off of do you want

1271
01:31:00.319 --> 01:31:03.119
to lose weight like that? Even
though you lose bone density, you lose

1272
01:31:03.159 --> 01:31:05.399
muscle masks, right, So that's
where the weight's coming from. It's not

1273
01:31:05.399 --> 01:31:09.840
necessarily the healthiest way to lose it. That's my opinion, though I agree.

1274
01:31:09.880 --> 01:31:12.039
I mean the denominator. I think
it's a great way to look at

1275
01:31:12.079 --> 01:31:14.760
it. What's the common denominator of
all these things. It's been that weight

1276
01:31:14.840 --> 01:31:17.199
loss drug. There's a much better
way. There's a much better way to

1277
01:31:17.199 --> 01:31:23.439
lose weight. Put the fork down, you know what. Just relax,

1278
01:31:23.479 --> 01:31:28.079
fule guys speaking of it. Speaking
of the drugs, did you see Walgreens

1279
01:31:28.520 --> 01:31:30.960
in October of last year that stock
rally to twenty seven bucks. This year,

1280
01:31:31.000 --> 01:31:34.039
they got all excited about new CEO
Tim Wentworth, and of course it

1281
01:31:34.319 --> 01:31:39.640
had gotten taken out of the dow
because it's such a dog. So the

1282
01:31:39.720 --> 01:31:44.520
new CEO team Wentworth comes in.
Wentworth has since accumulated over five hundred thousand

1283
01:31:44.600 --> 01:31:49.399
shares of the stock personally right,
which hit a new low Wednesday, and

1284
01:31:49.439 --> 01:31:55.600
the low goes back over twenty years. Wow, And they said, well,

1285
01:31:55.640 --> 01:31:59.159
you know it's a it has a
six percent dividend. No, they're

1286
01:31:59.159 --> 01:32:01.399
losing seven dollars is a share.
It's not going to have a six percent

1287
01:32:01.439 --> 01:32:06.439
dividend much longer. The next earnings
report July going to cut the dividend.

1288
01:32:06.560 --> 01:32:11.119
But I think they probably eliminate the
dividends. Nah, don't, don't.

1289
01:32:11.760 --> 01:32:15.000
It takes time for that day because
a lot of the losses they have when

1290
01:32:15.039 --> 01:32:18.279
you have earnings, it's accounting issues, not so much cash flow issues,

1291
01:32:18.560 --> 01:32:21.760
and you got to look at it
much deeper for that. Speaking of cash

1292
01:32:21.760 --> 01:32:25.840
flow, did you see where Boying
is going to have negative free cash flow?

1293
01:32:26.000 --> 01:32:30.119
Yes, Boying is going to have
negative free cash flow. Essentially people

1294
01:32:30.119 --> 01:32:32.159
they are losing money. Are you
noticing more videos or is it just maybe

1295
01:32:32.159 --> 01:32:38.039
my algorithm on the news, But
there's more videos of planes having issues lately.

1296
01:32:38.439 --> 01:32:41.760
I haven't seen that really. Okay, it's just I've been noticing the

1297
01:32:41.800 --> 01:32:45.079
more. And my friend was flying
to Illinois last weekend or last weekend,

1298
01:32:45.159 --> 01:32:48.159
he had to change planes twice.
Granted it was allegiant, so maybe that's

1299
01:32:48.159 --> 01:32:53.039
why, but I don't know.
Yeah, you have heard it definitely here

1300
01:32:53.079 --> 01:32:58.600
and there of the you've heard of
what here? Just planes have an issue.

1301
01:32:59.319 --> 01:33:02.279
Let's talk about boee. You know
got beat up there for a while

1302
01:33:02.840 --> 01:33:05.279
when it got down to on the
one hundred under one, Oh yeah,

1303
01:33:05.359 --> 01:33:08.680
go way back, okay, And
then it went all the way up to

1304
01:33:08.600 --> 01:33:11.680
to something I was coming down.
You know, it comes down. I

1305
01:33:11.680 --> 01:33:13.760
think it's still going to have problem. So it's not one of those stocks

1306
01:33:13.800 --> 01:33:15.359
you want to jump into. I
don't think right now. I think it

1307
01:33:15.439 --> 01:33:21.600
comes down on the fifty. It's
gonna look attractive. I always figure it

1308
01:33:21.640 --> 01:33:24.640
out. They do, they do, you know what, and and what

1309
01:33:24.760 --> 01:33:28.800
happens is think about everyone that has
been trying to get planes. That's gonna

1310
01:33:28.840 --> 01:33:32.680
have to order planes and and they're
gonna have to get about after you were

1311
01:33:32.680 --> 01:33:36.079
sitting here last week when my buddy
that I went to Mother's Day dinner with

1312
01:33:36.119 --> 01:33:40.159
a very successful guy here in town, got a couple of companies, very

1313
01:33:40.159 --> 01:33:43.000
successful, he said. I mean, I'm not a stock guy, he

1314
01:33:43.039 --> 01:33:45.960
said, but if I were,
I just buy Boying. So I mean

1315
01:33:46.000 --> 01:33:48.840
that's that's where where his head was. And they would definitely be selling it

1316
01:33:48.840 --> 01:33:51.159
at the low, because then he's
not a stock guy. When I get

1317
01:33:51.199 --> 01:33:55.720
into stock and that one's down,
it's so easy when they don't buy anything.

1318
01:33:55.920 --> 01:33:58.640
It's just it's easy to say,
yeah, I'll not lockjack table when

1319
01:33:58.640 --> 01:34:00.439
I'm up. Well, now we're
talking about very good point. I did

1320
01:34:00.479 --> 01:34:04.000
do a back test on plane stocks
going back to twenty eighteen. There's only

1321
01:34:04.039 --> 01:34:08.279
one that was up. I did
include bowing on this, but there's only

1322
01:34:08.319 --> 01:34:12.079
one charge that was up, Delta, and it was Delta. Yeah,

1323
01:34:12.119 --> 01:34:15.239
it was kind of surprising since twenty
eighteen, only one. It only got

1324
01:34:15.239 --> 01:34:19.199
below one sixty briefly about a month
ago. Then it rallied back into the

1325
01:34:19.199 --> 01:34:24.840
one eighty area. Now it's down
under one seventy. Briefly on Friday under

1326
01:34:24.880 --> 01:34:28.720
one seventy. It's working its way
higher, you know. But it's kind

1327
01:34:28.720 --> 01:34:32.319
of crazy though this airline stocks are
lower than twenty eighteen, you know,

1328
01:34:32.359 --> 01:34:36.640
it is it's kind of like we
must be really changing how we fly or

1329
01:34:36.640 --> 01:34:41.359
something, or how much money they're
making costs. So they've cut back on

1330
01:34:41.359 --> 01:34:44.560
how many planes are that's why they're
filling them up. I think the profits

1331
01:34:44.560 --> 01:34:46.960
are better. I think the revenues
are down. I had a wealthy client

1332
01:34:47.079 --> 01:34:50.760
years ago. We were talking about
the airplanes airline company, and he goes,

1333
01:34:50.800 --> 01:34:53.880
nobody has ever been able to figure
out a way to make money with

1334
01:34:53.920 --> 01:34:59.199
airplanes. That was his opinion at
the time. It goes back a few

1335
01:34:59.279 --> 01:35:02.680
years. It's one of the craziest
inventions and just just saying that somebody's always

1336
01:35:02.680 --> 01:35:05.239
staying there. I think the craziest
invention that you can fly through the air

1337
01:35:05.239 --> 01:35:09.600
at six hundred miles an hour,
thirty thousand feet above air or above the

1338
01:35:09.760 --> 01:35:12.479
earth, and yet you hate your
life when you're going through the airport because

1339
01:35:12.479 --> 01:35:15.159
it's just miserable the way you go
through it. It used to not be

1340
01:35:15.479 --> 01:35:18.800
no, I used to not be
your right. People actually wore nice clothes,

1341
01:35:19.479 --> 01:35:23.439
they were they were polite. You
can go there. You would get

1342
01:35:23.520 --> 01:35:27.079
dropped off at the gate with your
family and everything, and everybody was always

1343
01:35:27.079 --> 01:35:29.399
there when you came back, and
you were paying less money for the dig,

1344
01:35:29.640 --> 01:35:32.319
Yeah, a lot less. Guess
what this weekend is the Cross Final

1345
01:35:32.359 --> 01:35:36.199
four. Well, let's make sure
that we say thank you to all the

1346
01:35:36.239 --> 01:35:43.239
veterans without you day. Of course, we'll be back next week with you

1347
01:35:43.399 --> 01:35:47.920
money matters. Have a great Memorial
Day weekend and be happy, be healthy,

1348
01:35:48.199 --> 01:35:49.000
and let's all be