Christmas Eve Edition of the Money Matters Show!

WEBVTT100:00:01.800 --> 00:00:07.480Good morning everybody, and good morningChristmas Eve. This is the Moneymatter Show.200:00:07.519 --> 00:00:11.800This is Dean Greenberg and this iseight o'clock seven ninety am, K300:00:11.919 --> 00:00:15.759and ST. We're gonna bring youfor the next two hours some good information400:00:15.800 --> 00:00:19.359about the markets, where we areand what to expect next week. I500:00:19.440 --> 00:00:22.239don't expect a lot, you know, maybe a little here, a little600:00:22.239 --> 00:00:25.079there, maybe probably trying to goup. It could try to get to700:00:25.120 --> 00:00:27.800new highs before the end of theyear. We got four trading days to800:00:27.839 --> 00:00:32.079go after that. Are more concerned. There's a lot of things that have900:00:32.159 --> 00:00:35.399to take place to see the typeof returns we have. The other thing1000:00:35.399 --> 00:00:39.960you gotta think about is do youstay with the ones that we're doing great?1100:00:40.000 --> 00:00:44.600Do you stay with those big techcompanies. I still think they might1200:00:44.640 --> 00:00:47.359do Okay, They're not gonna dowhat they did this year. They're not1300:00:47.479 --> 00:00:51.600going up two one hundred and fiftyper one hundred percent, but they could1400:00:51.640 --> 00:00:54.840still move up, you know,twenty percent or so, maybe thirty percent,1500:00:54.880 --> 00:00:59.399which is still good. But theother side of the coin, if1600:00:59.479 --> 00:01:07.840you look at it, it isyou got basically nine fifteen stocks that basically1700:01:07.040 --> 00:01:12.719brought the market up to a ifyou just take those big companies like that,1800:01:14.359 --> 00:01:18.599you got a evaluation a PE oftwenty six percent. The rest of1900:01:18.640 --> 00:01:22.200the market, the other four hundredand ninety stocks, you take out those2000:01:22.239 --> 00:01:27.439ten, you got a seventeen pointtwo So the market, if you kind2100:01:27.439 --> 00:01:30.879of look at it, it's alittle bit cheaper than you think it is2200:01:30.719 --> 00:01:34.560because of those big companies. SoI think you have to start looking at2300:01:34.599 --> 00:01:40.640some other ways to diversify as yougo into next year. More industrial type2400:01:40.640 --> 00:01:44.799stocks, more companies that the largecap, more of the ones that the2500:01:44.799 --> 00:01:47.920pees a little bit lower. Youknow, that doesn't mean you sell out2600:01:47.920 --> 00:01:49.799of all the other ones, butyou got to probably look to trim back.2700:01:51.560 --> 00:01:53.439Those are things we're going to talkabout today and try to give you2800:01:53.480 --> 00:01:57.840some insight to what we're doing.This is the moneymat of Shell. It2900:01:57.920 --> 00:02:00.120is brought to you by Greenberg FinancialGroup. Greenberg Financial Group is both a3000:02:00.200 --> 00:02:05.760registered investment advisory and a broken dealer. On the show, we talk about3100:02:05.760 --> 00:02:12.400product strategies, ideas and everything else. Just remember it all has risk.3200:02:13.199 --> 00:02:17.039No matter what you do has risk. You understand the risk. You're a3300:02:17.039 --> 00:02:22.479better investor if you understand the riskyou're getting into and why you're getting into3400:02:22.560 --> 00:02:24.120it, you're a better investor.It's not just the risk on the downside3500:02:24.159 --> 00:02:28.240of risk on the upside. Therecomes a time that you have to take3600:02:28.319 --> 00:02:30.960some money off the table, eventhough you don't want to, because your3700:02:30.000 --> 00:02:37.520risk got too great, your allocationgot too big. Your philosophy should not3800:02:38.280 --> 00:02:47.159just sway by your emotions. Socoming into twenty twenty four, I gotta3900:02:47.159 --> 00:02:52.080believe at some time you're going tosee a little bit more of a slowdown,4000:02:53.400 --> 00:02:58.680just like we saw with GDP.This week, Q three came into4100:02:58.719 --> 00:03:01.840four point nine, a set offive point two. That's lower. Things4200:03:01.879 --> 00:03:05.879are going to start to get alittle bit lower. It takes time.4300:03:06.439 --> 00:03:09.960The United States economy is the biggesteconomy in the entire world. It takes4400:03:10.159 --> 00:03:14.439time. From what the Federal Reservehas been doing. This is why we4500:03:14.520 --> 00:03:19.240asked them and bleep begged them tostop raising interest rates so we don't destroy4600:03:19.759 --> 00:03:23.879the economy. We just slowed downthe PCE number that they look at all4700:03:23.919 --> 00:03:28.240the time, which is an inflationarynumber. It was down a little bit.4800:03:28.879 --> 00:03:32.039So things are going in the rightdirection. Mortgage rates are down to4900:03:32.080 --> 00:03:38.039six point seven percent. They're goingin the right direction. But we're still5000:03:38.120 --> 00:03:46.680so far higher than we were.And it blows my mind that there's people5100:03:46.719 --> 00:03:53.240out there that believe these Biden economicsare working. They forget what we got5200:03:53.280 --> 00:03:55.680went from to where we were.They're able to say, well, that5300:03:55.800 --> 00:04:00.439was the pandemic, but he didn'tdo any thing other than get us up5400:04:00.479 --> 00:04:05.639to nine ten percent inflation. Yes, it's coming back down, but did5500:04:05.719 --> 00:04:11.000you see that report, and Ithink it came from I don't know,5600:04:11.080 --> 00:04:15.680one of the government agencies that said, even though things have gotten better on5700:04:15.680 --> 00:04:25.439the inflation side right now from twothousand twenty one today twenty twenty three,5800:04:26.680 --> 00:04:31.279it costs the average American fourteen thousanddollars more to live if they were living5900:04:31.279 --> 00:04:34.199the same exact way before. Sothat means if you got to raise the6000:04:34.240 --> 00:04:41.319fourteen thousand dollars, then you're abouteven. And that's a real number,6100:04:41.519 --> 00:04:45.519and that's a real number of exceptin Arizona it's sixteen thousand per person,6200:04:46.279 --> 00:04:50.720sixteen thousand dollars more. You hadto be making more since twenty twenty one6300:04:51.680 --> 00:04:56.920in order to be even. Sowhen they talk about all these mumbo jumbos6400:04:56.959 --> 00:05:00.399with all these numbers coming down andinflation coming down, those are good.6500:05:00.439 --> 00:05:04.040We want that to come in ourdirection. But don't think for one second6600:05:04.079 --> 00:05:10.160that everyone isn't paying so much moreto live, which means so many families6700:05:10.720 --> 00:05:15.839are barely getting by, and alot aren't without subsidies. Where do subsidies6800:05:15.879 --> 00:05:20.519come from? Taxpayers? They allcome from taxpayers. And the more that's6900:05:20.560 --> 00:05:25.639going on, the more deficit wehave. Because interest rates have gone so7000:05:25.800 --> 00:05:29.639high that WeDo our debt. We'repaying so much more there with all that7100:05:29.720 --> 00:05:33.199money. So yeah, of courseit's going to be a deficit. But7200:05:33.199 --> 00:05:38.720most people don't even realize that adeficit is something we got to be concerned7300:05:38.759 --> 00:05:46.160about. They're blinded to the financialideas of what monetary policy and fiscal policy7400:05:46.240 --> 00:05:49.439has to do. Except if whenI go ahead and say, think about7500:05:49.480 --> 00:05:55.800your own household. If you're bringingfifty thousand dollars and you spend sixty thousand7600:05:55.839 --> 00:05:59.399dollars, are you above water belowbelow water? Well, how do you7700:05:59.439 --> 00:06:01.040pay that ten Well, we gotto borrow it or take it from our7800:06:01.040 --> 00:06:08.319savings. Well, eventually that runsout. What happens It weakens your stability7900:06:08.759 --> 00:06:13.319as a household. Well, itweakens our stability as a country when we8000:06:13.519 --> 00:06:17.759cannot go ahead and pay the billswithout going into debt. And all we8100:06:17.839 --> 00:06:21.160ever hear is let's raise the debtor. Let's raise the debt selling. Let's8200:06:21.240 --> 00:06:27.519raise the debt sealing. How aboutone time we're going to lower spending,8300:06:27.759 --> 00:06:30.639But you can't when you've got inflation. Everything's court in the government more,8400:06:31.079 --> 00:06:35.079every supply, everything that they getis courts in the government more, which8500:06:35.120 --> 00:06:42.199is telling us that we have topay more. They are finding ways that8600:06:42.240 --> 00:06:47.319we can pay more in taxes.So think about that fourteen thousand dollars more8700:06:47.759 --> 00:06:51.480to be able to live than youdid two years ago is really at least8800:06:51.480 --> 00:06:56.480eighteen thousand to twenty thousand dollars moreyou got to make to be able to8900:06:56.519 --> 00:07:01.680net that fourteen thousand. Keep takingtaxes, and they keep raising taxes,9000:07:01.800 --> 00:07:08.199and they keep raising Medicare, theSocial Security so you can get the peanuts9100:07:08.240 --> 00:07:13.000later on, so we can keeppaying for the people that are older.9200:07:13.160 --> 00:07:18.120They've never made provisions to be ableto subsidize what they need. To subsidize9300:07:18.439 --> 00:07:28.319the money that they need. Weneed to go ahead and understand something.9400:07:30.279 --> 00:07:35.399Our tax system is in shambles andit will continue to be there when there's9500:07:35.439 --> 00:07:40.040only the top twenty percent that paymost of all the taxes. When fifty9600:07:40.079 --> 00:07:44.279some percent of Americans don't pay taxesand they talk about their fair share,9700:07:45.879 --> 00:07:49.279that's a problem. I don't knowif you saw this week, but Ted9800:07:49.319 --> 00:07:54.360Cruz came out with an idea whichI thought was pretty good because I've been9900:07:54.439 --> 00:07:57.279a proponent of it for a longtime, and of course you got no10000:07:57.360 --> 00:08:03.319real news on it. And hewas talking about a flat tax again,10100:08:03.480 --> 00:08:09.279all right, being able to goahead and lower corporate taxes. Okay,10200:08:09.920 --> 00:08:13.920lower corporate taxes, which obviously Iyou lower corporate taxes. In essence,10300:08:13.959 --> 00:08:22.360it will lower prices for Americans,would put more money in your pocket of10400:08:22.399 --> 00:08:33.240your wages by bringing down to aflat tax. And the other part of10500:08:33.279 --> 00:08:39.720it is that it will tax everybodythe same. Whether you're making fifty grand10600:08:39.879 --> 00:08:45.480or five one hundred million dollars,you get taxed the same. So it10700:08:45.519 --> 00:08:50.879gets rid of all those loopholes thatwill keep complaining about You hear the Bernie10800:08:50.919 --> 00:08:56.600Sanders, You hear all the Democratscomplain about billionaires not paying their fair share10900:08:56.679 --> 00:09:03.639pain enough, But they have doneabsolutely positively nothing to change the tax law11000:09:03.919 --> 00:09:07.360that allows them to have the loopholes. That they have in order not to11100:09:07.399 --> 00:09:11.320have to pay all those taxes.And I'm not talking about putting in a11200:09:13.759 --> 00:09:20.600wealth tax of taxing unrealized gains.I'm talking in every piece of income that11300:09:20.679 --> 00:09:24.240you have, anywhere you get it, everybody pays the same thing of ten11400:09:24.279 --> 00:09:28.360percent, and what you do,it becomes a consumption tax on the other11500:09:28.480 --> 00:09:31.480side, So the people with moremoney that want to buy more stuff,11600:09:31.480 --> 00:09:35.519they have to pay more in taxes. You want to buy a five million11700:09:35.559 --> 00:09:39.600dollar home, your taxes will behigher on that home than someone that buys11800:09:39.600 --> 00:09:46.600a hundred thousand dollars tax a fivehundred thousand dollars home. It's that simple11900:09:48.120 --> 00:09:56.679consumption tax. If someone chooses notto not to buy something and live frugally,12000:09:58.120 --> 00:10:01.919that's fine. A mass is muchmoney you want. But I'm okay12100:10:01.919 --> 00:10:07.480at the end that we have itto stay tax so some of that does12200:10:07.559 --> 00:10:11.639go back into the system. I'mokay with that. I know that goes12300:10:11.679 --> 00:10:13.840against a lot of people, butI'm okay with it because I do know12400:10:13.879 --> 00:10:18.159we need money to keep our economygoing and to protect and do all the12500:10:18.200 --> 00:10:22.879things we need to do as thegovernment is supposed to do. We have12600:10:22.960 --> 00:10:26.360a lot of disasters. We needmoney for things like that, and whether12700:10:26.399 --> 00:10:30.080we like it or not, weare also the ones that have to help12800:10:30.360 --> 00:10:35.679around the world. With the biggesteconomy, we have the best technology,12900:10:35.360 --> 00:10:41.080we have some of the smartest people. We will help and that's what will13000:10:41.080 --> 00:10:46.080happen. We have to compromise somewherealong the line here. But what we13100:10:46.279 --> 00:10:52.679like it we don't like. Weneed to change fundamentally the way we're doing13200:10:52.720 --> 00:10:58.000things. And I start with thetax situation. The second thing we got13300:10:58.039 --> 00:11:05.799to start with is idea immigration systemin the border. As much as Ukraine13400:11:05.840 --> 00:11:11.080needs help and everyone and all andmost people on board, we understand why13500:11:11.080 --> 00:11:16.360they need help, But does anyonesee the financial accounting of where that money13600:11:16.399 --> 00:11:22.360goes. You hear rumors all thetime. I don't know what's true or13700:11:22.440 --> 00:11:26.679not true, because no one's everaccountable for where the money goes. Of13800:11:26.720 --> 00:11:30.919course, the Republican's always going tosay that money goes there to come back13900:11:31.120 --> 00:11:37.840to the Democrats of political campaigns.I hear that we give out money to14000:11:37.919 --> 00:11:41.519the businesses in Ukraine to help themstay afloat, kind of like what we14100:11:41.559 --> 00:11:48.639did here in the pandemic. Idon't know how about a transparent, forensic14200:11:48.720 --> 00:11:52.559accounting of where we give all themoney to all the time, and if14300:11:52.559 --> 00:11:56.279they're not doing it what we're supposedto do, then let's not give them14400:11:56.320 --> 00:12:00.919the money. We hear it waytoo many times. We give it to14500:12:00.960 --> 00:12:07.240these fringe countries and the only peoplethat get it are the people ruling the14600:12:07.279 --> 00:12:11.600country, and they become multi billionaireswhile everybody else still suffice and it just14700:12:11.639 --> 00:12:18.080trickles down a little bit. It'snot right, But I do believe that14800:12:18.159 --> 00:12:20.519we do not give any money toanybody else to we secure the border.14900:12:22.600 --> 00:12:28.960The border is out of control.Ten thousand plus people a day are coming15000:12:30.000 --> 00:12:33.600across the border in those camps,just sitting there. You see it,15100:12:33.759 --> 00:12:39.600but nobody wants to believe it.They almost think that it's just pictures going15200:12:39.679 --> 00:12:45.840up. It is costing us somuch money allowing these people to come in15300:12:45.840 --> 00:12:50.159the country. What they think they'regetting versus what they actually get is so15400:12:50.320 --> 00:12:56.720far different. And you saw someof them have their dates that go to15500:12:56.799 --> 00:13:03.799court in eight years from now,eight years from now. This is ridiculous.15600:13:05.080 --> 00:13:09.720Our system is so broken. Andtheir Congress, and it means Congress15700:13:09.759 --> 00:13:11.840could both of them, every singleone of them that we pay to go15800:13:11.919 --> 00:13:16.200up there. Need to come upwith a solution that works for both sides.15900:13:16.200 --> 00:13:20.919And having eleven twelve thousand people aday coming cross means we haven't over16000:13:22.080 --> 00:13:26.279three million people a year. Whatare they going to do, where are16100:13:26.279 --> 00:13:28.840they going to go? How arewe going to afford them? But yet16200:13:28.840 --> 00:13:33.559we want to give them health careand education and food and shelter while our16300:13:33.600 --> 00:13:43.240own people are suffering and we're worriedabout taxes. We're worried about taxing and16400:13:43.240 --> 00:13:48.159the billionaires that will never go aheadand have to pay because they understand there's16500:13:48.200 --> 00:13:54.360so many tax loopholes because they haveso much money. So who gets hurt?16600:13:54.639 --> 00:13:58.720Middle class, lower upper class wtwo wages of people that are making16700:13:58.960 --> 00:14:05.000five hundred thousand, a million anda half, they get murdered for their16800:14:05.039 --> 00:14:11.200hard work. Person making two hundredthousand dollars today with a family of two,16900:14:11.279 --> 00:14:18.120three or four is having incredible timetrying to live after they pay all17000:14:18.120 --> 00:14:20.919their taxes and send their kids toschool and do the things that they're supposed17100:14:20.919 --> 00:14:24.480to do. Sure, the personwith fifty grand, so I wish I17200:14:24.480 --> 00:14:26.440had two hundred thousand, Well,here's the thing you don't understand, if17300:14:26.440 --> 00:14:30.519you're going from fifty to two hundredthousand, you're not living where you're living.17400:14:31.200 --> 00:14:33.919You're gonna increase your living your livingstyle. You're gonna do all those17500:14:33.919 --> 00:14:37.879things, and you're gonna send youkids to some better schools. You're gonna17600:14:37.960 --> 00:14:41.480have them and athletics. You're gonnagive them the opportunities. That's what parents17700:14:41.559 --> 00:14:52.000do. You make more money,you create opportunities for your family. It's17800:14:52.000 --> 00:14:54.840not like you're putting more money inyour pocket, but when you do that,17900:14:54.960 --> 00:14:58.240it helps the economy. You makefive hundred thousand, that's the same18000:14:58.279 --> 00:15:07.120thing people putting money back into theeconomy. They spend the money. Very18100:15:07.120 --> 00:15:09.679few people making fifty grand that goall of a sudden to two hundred,18200:15:09.720 --> 00:15:13.960two hundred fifty thousand would not justput all that money in there, live18300:15:13.000 --> 00:15:18.399where they are, keep fifty thousanddollars a living allowance because right now they18400:15:18.519 --> 00:15:22.559are on subsidies. Most of themhave to get something. If they have18500:15:22.720 --> 00:15:30.399kids, they're getting bigger right offsto doing something. It's very difficult,18600:15:30.480 --> 00:15:35.399especially if you're making thirty grand,you're gonna get food stamps, you're gonna18700:15:35.399 --> 00:15:43.120get low living allowances. Wouldn't itbe nice to get everybody off that and18800:15:43.200 --> 00:15:46.279move forward. Wouldn't it be niceto have a country that were growing and18900:15:46.320 --> 00:15:54.600we feel good about and we wanteddefend. We see the murder rate,19000:15:54.679 --> 00:15:58.159we see the crime rate just goingthrough the ceiling. We don't even have19100:15:58.279 --> 00:16:04.480room and have the damn jails,but yet we keep bringing people in that19200:16:04.600 --> 00:16:08.600have nothing to do. They can'tget jobs. They're going to go ahead,19300:16:08.679 --> 00:16:14.679a lot of them and go intoa world of crime because they need19400:16:14.720 --> 00:16:25.960to eat, they need shelter,and they rationalize it. They're living conditions.19500:16:25.960 --> 00:16:27.399Think about that. A lot ofthem come over here because they've got19600:16:27.440 --> 00:16:32.759relatives over here. So somebody mightbe living in Detroit and they have family19700:16:32.840 --> 00:16:34.840six and eight of them come over. Those eight people are now living in19800:16:34.879 --> 00:16:42.759the same house that they might berenting. No jobs, no nothing,19900:16:42.840 --> 00:16:47.360and they have to be afraid ofgoing out there and doing something because they20000:16:47.360 --> 00:16:49.559don't want to get deported either.So they all try to go to these20100:16:49.559 --> 00:16:59.000sanctuary cities who cannot afford them andare complaining because they're overloaded. But then20200:16:59.039 --> 00:17:03.799they ask for government assistance. Butwe can't get the government assistance. We20300:17:03.839 --> 00:17:07.799get what's normal, what border statewe see it all over Texas, we20400:17:07.880 --> 00:17:12.200see it all over and then thenthe country, especially the other side of20500:17:12.200 --> 00:17:21.759the Dems. They get so upsetwith the way the border states handle this20600:17:21.920 --> 00:17:26.200immigration situation. But yet when theyget them busts there, it's a political20700:17:26.319 --> 00:17:30.640ploy. Guys, I am tellingyou, we got to get her act20800:17:30.680 --> 00:17:33.640together. Those are the two mainthings we got to do right now.20900:17:33.920 --> 00:17:41.960Is our border, okay, andfigure out how we're gonna pay the debts21000:17:42.000 --> 00:17:47.079and everything else and bring our debtdown. We need to do it.21100:17:47.720 --> 00:17:53.440And taxes people aren't. Don't talkto me about, oh, inflation's down21200:17:53.680 --> 00:18:03.799when it's costing everybody more money tolive on Montage basis. That dollar meal21300:18:03.880 --> 00:18:10.440that costs three dollars now it's twohundred percent higher than one you used to21400:18:10.440 --> 00:18:14.960be able to get for a dollarmeal before. All right, think about21500:18:14.960 --> 00:18:22.559that. Think about that. Whatit all leads to is crime when people21600:18:22.599 --> 00:18:30.319can't afford stuff, stealing from thestores, stealing from people doing what they21700:18:30.359 --> 00:18:34.160need to do. More people herewithout money, more people here without food,21800:18:34.240 --> 00:18:40.000more people here without shelter. Heck, I see so of of these21900:18:40.000 --> 00:18:42.480people coming across the border, andI realize it's just pictures on TV.22000:18:44.279 --> 00:18:48.920They got better backpacks and clothes andsneakers than the people that are living in22100:18:48.960 --> 00:18:53.000South Chicago, that are living inLa New York, Atlanta, Baltimore.22200:18:56.599 --> 00:19:00.319Is that right? Is that thecountry we want? I don't know what's22300:19:00.319 --> 00:19:04.640being told on the other side.Obviously the cartels are involved. Obviously it's22400:19:04.680 --> 00:19:10.599a money maker for the underseateed community. Bring them across. They think this22500:19:10.759 --> 00:19:12.240is a great world. Well that'sthe thing. Let's make it a great22600:19:12.240 --> 00:19:18.240world. Let's shut down the damnborder, open up the doors to the22700:19:18.279 --> 00:19:23.359people that have the ability to learnabout what America is. Let's teach them22800:19:23.359 --> 00:19:26.440how to work. If they knowtechnology, great, If they know how22900:19:26.440 --> 00:19:30.480to be a dentist great. Ifthey know how to do agriculture great,23000:19:30.519 --> 00:19:34.799if they know hospitality great. Let'smake it a damn career center paid by23100:19:34.839 --> 00:19:38.880these other corporations to help build themand make them better. And let them23200:19:38.920 --> 00:19:45.279also learn how to speak English.You need to learn how to speak English.23300:19:45.279 --> 00:19:48.200If you're in America and you wantto live, and you want to23400:19:48.240 --> 00:19:52.599go ahead and do the things youneed to do. How the heck do23500:19:52.640 --> 00:19:59.359you know how to vote? Ifyou're voting for everything in Spanish when all23600:19:59.440 --> 00:20:06.440the all the people that are runningare speaking in English. I mean,23700:20:06.640 --> 00:20:08.240you know, don't tell me.Well, I just said, you know,23800:20:08.279 --> 00:20:11.799they gave me money. I'm gonnavote for Democrats because if you think23900:20:11.839 --> 00:20:15.400about it, then that's all theDemocrats want. And that's where we're at.24000:20:18.039 --> 00:20:26.839So that brings me to the lastthing here Colorado. All right,24100:20:29.200 --> 00:20:32.279Colorado Supreme Court of a bunch ofliberals. They want to they want to24200:20:32.279 --> 00:20:36.200try to make a name for themselvesand ban Trump. Great, okay,24300:20:36.240 --> 00:20:38.440it's not gonna last. Bring itto the damn Supreme Court. Where are24400:20:38.440 --> 00:20:41.440the Republicans? You know what?It makes me upset the Republicans and the24500:20:41.559 --> 00:20:48.400damned liberals that think that's okay todo without it ever been proven. That's24600:20:48.400 --> 00:20:49.920what my outrage is. When peoplesay, hey, that's good, Yeah,24700:20:49.920 --> 00:20:56.640it's good. How would you liketo be condemned for a crime that24800:20:56.680 --> 00:21:03.039you didn't ever get guilty of chargewith? You got the the social media24900:21:03.799 --> 00:21:07.799judges telling you you did something,but a court of law in America never25000:21:07.880 --> 00:21:12.200convicted you. But yet the statesare able to do it, Supreme Court25100:21:14.920 --> 00:21:17.039are able to do it. Howdoes the Supreme Court go? You know25200:21:17.480 --> 00:21:19.039as much as I want to notlet Trump dear, and I'm not going25300:21:19.119 --> 00:21:22.599to vote for Trump and or whateverelse. Okay, And I think he25400:21:22.759 --> 00:21:26.680started this, and he instigated it. At the end of the day,25500:21:26.720 --> 00:21:33.000the law says, you've got tobe convicted of an insurrection. What court25600:21:33.119 --> 00:21:36.000in America has done that, that'swhat we should be pissed off about.25700:21:36.319 --> 00:21:40.359That's what we should be upset about. And that's whatever Republican needs to be25800:21:40.480 --> 00:21:45.839shouting from the top of the hillsthat we have a Supreme Court, a25900:21:45.920 --> 00:21:52.119kangaroo court, a bunch of liberal, woke idiots that are able to go26000:21:52.279 --> 00:21:57.640ahead and vote against the Constitution.And then all the liberals are like,26100:21:57.680 --> 00:22:03.279oh, look at look at Autiofourteen, paragraph three, It says insurrection.26200:22:03.480 --> 00:22:08.359He never been guilty. How wouldyou like to be guilty of something26300:22:08.400 --> 00:22:17.119without ever going to court and beingconvicted of being guilty because people say you're26400:22:17.160 --> 00:22:22.680guilty. I do like that.You don't, I don't, nobody does.26500:22:23.440 --> 00:22:27.960But we're allowing this to happen inAmerica. And if you don't think26600:22:29.000 --> 00:22:32.359that, people are laughing at usand thinking this is the most ridiculous thing26700:22:32.359 --> 00:22:36.839in the world. It's crazy andwe're the heck of the Republicans punching back.26800:22:37.559 --> 00:22:41.200One reason they don't like Trump.He's in New Yorker. He punches26900:22:41.319 --> 00:22:45.240back, he doesn't quit say whatyou want to say about him, and27000:22:45.279 --> 00:22:48.119I agree on a lot of thingsto say. He had a chance to27100:22:48.160 --> 00:22:51.359go ahead and really bring people together. And it's better now that he's not27200:22:51.480 --> 00:22:55.440really talking. He's not allowed totalk because people are starting to go towards27300:22:55.480 --> 00:23:03.119him, okay, instead of beingreflected for off of him. But where27400:23:03.119 --> 00:23:06.000are the Republicans? Why aren't theyfighting, Why aren't they punching back?27500:23:06.000 --> 00:23:14.599Where's Mitch McConnell. He needs toget out of there. Where are the27600:23:14.640 --> 00:23:17.680people that have been here for solong that says you might not like him,27700:23:17.839 --> 00:23:22.759We might not like them, butthis is wrong. We the people27800:23:22.839 --> 00:23:29.359need to vote. You and Iboth know what's going on. The numbers27900:23:29.359 --> 00:23:34.200are so big that they can't cheatenough to go ahead and figure out a28000:23:34.200 --> 00:23:40.359way to get to have somebody elsewin the election. Yet I'm sure they28100:23:40.400 --> 00:23:45.519got planed ABC and D. ButPlan A is just like the pandemic.28200:23:45.799 --> 00:23:49.480Let's go to the Liberal States andget the Supreme Court to change the rules.28300:23:51.759 --> 00:23:53.359And if you think that Colorado's theonly one going to do it.28400:23:53.839 --> 00:23:59.119Wake up. They were waiting forColorado to do it so other ones could28500:23:59.160 --> 00:24:02.119do it. We need to getto the Supreme Court of the United States28600:24:02.359 --> 00:24:07.960as quickly as possible so it getsshut down and doesn't continue. But they're28700:24:07.039 --> 00:24:11.359using the Supreme Court like they didin the pandemic, to change the state28800:24:11.519 --> 00:24:15.599rules. That's what they're doing andthat's how they're starting it. And if28900:24:15.960 --> 00:24:18.200you don't see that, and ourRepublican Party doesn't see it and we lose29000:24:18.240 --> 00:24:22.079because of it, shame on them. All Right, we'll be back with29100:24:22.200 --> 00:24:26.200you talk about the markets and wherewe're going next year. Thank you for29200:24:26.279 --> 00:24:45.839listening. Say it's only name.Welcome back everybody. Christmas Eve edition of29300:24:45.920 --> 00:24:51.440The Money Batter Show. Our boyDave is gone this weekend. He's out29400:24:51.559 --> 00:24:56.440visiting his grandchildren. I love whenhe does it because he always comes back29500:24:56.519 --> 00:25:00.240ready to work. He comes backin the same story every time, how29600:25:00.359 --> 00:25:03.759the drive was, because that's hishighlight. Well it's because if he doesn't29700:25:03.759 --> 00:25:07.799go to the same place every timebecause it was raiting on on Friday,29800:25:07.079 --> 00:25:11.920then he gets a little bit outof sorts. Blake McDonald's gas station right29900:25:11.920 --> 00:25:15.000before the border of California, makeit all the way to Stephanie's house,30000:25:15.039 --> 00:25:15.680and then he does the same thingon it. You know what he does30100:25:17.039 --> 00:25:19.400for years, the whole way out. He looks for where the charging stations30200:25:19.440 --> 00:25:22.799are, so one day he cantake his tesla and he counts Act Council30300:25:22.799 --> 00:25:26.559teslas, and he counts the teslasand he counts how long it would take30400:25:26.599 --> 00:25:30.160for him to have to plug it. So I had a good week for30500:25:30.240 --> 00:25:33.559the markets. The doll was uppoint two percent. The S and P30600:25:33.680 --> 00:25:36.640five hundred is up point seventy five. Nasdaq was up one point two.30700:25:37.599 --> 00:25:40.480Oil got some bid this week wasup two point four percent on the week.30800:25:40.519 --> 00:25:42.599It's now trading at seventy three anda half dollars a barrel. What's30900:25:42.640 --> 00:25:45.319going on in the Red Sea overthere? Well, the Red Sea is31000:25:45.359 --> 00:25:49.039a very interesting you know what theis? Have you ever looked at the31100:25:49.079 --> 00:25:52.240map for here No so Africa?A lot of people don't know whether it's31200:25:52.279 --> 00:25:57.480sea is as you know that beforeprobably not before this picture. Where is31300:25:57.519 --> 00:26:03.720it? I was gonna say roughlyroughly, Okay, that's right. Well31400:26:03.720 --> 00:26:07.920they're circumventing it now and then soit could takes some I think six days31500:26:07.920 --> 00:26:11.200more, right, they get towhere they need to be, which you31600:26:11.240 --> 00:26:14.480realize how much that costs by waitingthose six and how much more oil you31700:26:14.480 --> 00:26:17.480need, how much flight chain.Everyone's going to be using that as the31800:26:17.480 --> 00:26:19.880excuse it. I mean, sincethey got rerouted around the Cape of Good31900:26:19.880 --> 00:26:23.319Hope, it added forty percent ofthe voyage distance. It's quite a bit32000:26:23.440 --> 00:26:26.960substantial. Yeah, yeah, andcosts as well. So obviously there's a32100:26:26.960 --> 00:26:32.359bid there for oil. But alsoyou definitely saw the United States refilling the32200:26:32.400 --> 00:26:34.640SBR. You saw huge volume spikeswhen it went down to sixty eight and32300:26:34.680 --> 00:26:37.720sixty nine dollars a barrel. Theysaid that they would this time. It32400:26:37.759 --> 00:26:44.039looks like they actually did so,finally doing some good good things on the32500:26:44.079 --> 00:26:47.240spr front. Gold was up thisweek thirty three dollars. It's now at32600:26:47.240 --> 00:26:51.960twenty to fifty two an ounce.It's approaching that resistance level that it did32700:26:52.519 --> 00:26:55.960the last couple of years, soit's going to be interesting to see how32800:26:56.000 --> 00:26:57.680that continues in the tenure. USinterest rate was flat on the week,32900:26:57.759 --> 00:27:00.599three point nine percent, and youmentioned it. The thirty year Freddie Mack33000:27:00.640 --> 00:27:04.759mortgage rate dropped to its lowest levelsince May. Now it's six point seven33100:27:04.839 --> 00:27:08.799percent. So on top of themortgage applications fell one point five percent week33200:27:08.799 --> 00:27:11.759over a week, despite that droppingthe yields. Yeah, but I mean33300:27:11.759 --> 00:27:15.319I was talking to my mom whoworks with a national loan builder. They're33400:27:15.359 --> 00:27:18.680seeing a huge increase in sales becauseof the rates coming down makes it a33500:27:18.680 --> 00:27:22.799lot more incentivized for people to actuallyget rid of their three percent or four33600:27:22.839 --> 00:27:33.279percent mortgages. So interesting shares theirbitcoin back up to you are the equivalent33700:27:33.279 --> 00:27:37.200to bitcoin, as Dave is theequivalent to evs. That's a fair point,33800:27:37.279 --> 00:27:41.160you guys. It's so funny.I don't have all bitcoins at least33900:27:41.160 --> 00:27:42.559a market. Yeah. I wasgonna say, I don't have a bitcoin34000:27:42.599 --> 00:27:48.960garage like he has his ZV garage. But yeah, I do love bitcoin34100:27:48.480 --> 00:27:52.519more than other of the cryptos,that's for sure. I remember you telling34200:27:52.519 --> 00:27:53.880me on the Lacrosse field. Idon't know, eight years ago you got34300:27:53.920 --> 00:27:57.440to buy bitcoined. Yeah, yeah, I think it was a seven thousand34400:27:57.480 --> 00:28:00.599at that time. No it wasnot, No, it was it was34500:28:00.720 --> 00:28:03.359not because I watched it. Yes, if I bought it when you told34600:28:03.359 --> 00:28:07.440me about what was it about twentynine thousand. I think it was.34700:28:07.599 --> 00:28:10.519No, it's first two bits ofmoney. Then I lost it all back,34800:28:10.599 --> 00:28:12.640yeah, and come back you youknow, it's funny. My senior34900:28:12.720 --> 00:28:15.359year, you were giving me alot of smack. You're like, see35000:28:15.400 --> 00:28:18.519bitcoin crashed and then two years lateryeah, yeah, well but because you35100:28:18.519 --> 00:28:21.920didn't, you believe put all yourmoney into it because it's the only thing35200:28:21.960 --> 00:28:23.480that mattered, and it would beand it would be the currency we were35300:28:23.559 --> 00:28:30.279using. It's just you know,it's great when you have like years of35400:28:30.319 --> 00:28:33.319experience. Yeah, it's so muchfun to watch the young generation that loves35500:28:33.599 --> 00:28:37.240to get excited because they're going toget rich overnight. Yeah, when it35600:28:37.279 --> 00:28:41.319doesn't happen, because it happens thenwhen they don't have a lot of money.35700:28:41.759 --> 00:28:44.119It really sucks when you have alot of money and you had that35800:28:44.200 --> 00:28:47.599conviction the same way and then youlose a lot. Yeah. Well the35900:28:47.640 --> 00:28:48.839only way you you make a lotof money is well, you gotta take36000:28:48.920 --> 00:28:52.759risks. Yeah, but you don'thave to take you know, you would36100:28:52.759 --> 00:28:55.319never take the risks you would take. No, you take educated when you're36200:28:55.359 --> 00:28:57.519young, right of course, andthen we talk about that with the financial36300:28:57.559 --> 00:29:00.079plan, right, I mean,obviously, when you have people investing,36400:29:00.400 --> 00:29:03.720you're not going to look at theshort term, especially for young people.36500:29:03.839 --> 00:29:07.839We're looking at long term. Themost valuable asset you have when you're a36600:29:07.839 --> 00:29:11.519young investor's time. And I thinka lot of young people don't realize that.36700:29:11.880 --> 00:29:14.680They think of everything else from adollar figure standpoint, but when you36800:29:14.680 --> 00:29:18.880really look at it from a timestandpoint, you have such a big advantage36900:29:18.880 --> 00:29:22.400over about the majority of investors ifyou're below the age of four thelst.37000:29:22.440 --> 00:29:25.960What we try to tell young peopleis you can weather the storm of a37100:29:26.039 --> 00:29:29.079crash because more often than not,the markets go up, and if we37200:29:29.119 --> 00:29:30.839do see a recession of some timein your life, what you're going to37300:29:30.880 --> 00:29:33.440see, you have the time forit to come back. And at some37400:29:33.480 --> 00:29:37.279point or another, the markets havealways made a new high after a recession.37500:29:37.680 --> 00:29:40.960You don't know when or how,but it will, just as it37600:29:41.000 --> 00:29:44.319always has. So we have thewe're coming up on the end of the37700:29:44.400 --> 00:29:47.319year now, and I was lookingback at the S and P five hundred37800:29:47.359 --> 00:29:52.079indecks and then how it was comparingversus its sectors, and it was interesting37900:29:52.119 --> 00:29:56.200where there's only three sectors that areout pacing the actual S and P five38000:29:56.279 --> 00:30:03.119hundred indecks and it's consumer discretionary,it's consumers services, and then technology sorry38100:30:03.160 --> 00:30:07.160not yes, consumer service, consumerdiscretionary and technology is leading the way by38200:30:07.240 --> 00:30:11.680far, and all the other sectorsare trailing the S and P five hundred38300:30:11.680 --> 00:30:15.039in decks by a lot. Andthat again shows that magnificent seven over performance38400:30:15.079 --> 00:30:19.200through the course of twenty twenty three, and the vast majority of the real38500:30:19.240 --> 00:30:23.319market is probably in below that twentyfour percent year to date mark that the38600:30:23.359 --> 00:30:27.039S and P five hundred is set. So going into twenty twenty four,38700:30:27.079 --> 00:30:33.519it's likely to see some type ofrebalancing or going back to what you know38800:30:33.799 --> 00:30:38.079again. Last year CrowdStrike one ofthe worst stocks, one of the best38900:30:38.119 --> 00:30:42.759this year, you know. Sowe see that there's always these you know39000:30:44.039 --> 00:30:48.279switches from one year to the next. So I think twenty twenty four could39100:30:48.279 --> 00:30:52.039be a really good year for valuebecause of interest rates, even though they39200:30:52.039 --> 00:30:56.480could be coming down. The FederalReserve has said multiple times that the full39300:30:56.519 --> 00:31:00.000effects of their rate hiking cycle hasnot yet been felt in the economy.39400:31:00.119 --> 00:31:03.200I think it will truly be feltin twenty twenty four, leading to some39500:31:03.319 --> 00:31:08.599under expected growth figures and leading toprobably a nominal return of anywhere from three39600:31:08.640 --> 00:31:12.200to five percent. That would bemy guest for twenty twenty four. Yeah,39700:31:12.240 --> 00:31:15.000speaking about twenty twenty four to twothings coming up. You saw the39800:31:15.000 --> 00:31:18.920Social Security is going to increase bythree point two percent started in January,39900:31:18.960 --> 00:31:22.920which is going to be an issuebecause it's going to fall short of the40000:31:22.960 --> 00:31:26.119higher prices older adults are paying forauto insurance, rent and other essentials like40100:31:26.160 --> 00:31:30.839that. This cola, which hascost to living, an adjustment increase on40200:31:30.000 --> 00:31:34.000average will be fifty seven dollars amonth more per month based off the average40300:31:34.319 --> 00:31:40.039US Social Security check of seventeen ninetyper month. So we're seeing an issue40400:31:40.039 --> 00:31:42.640because rent's up seven percent year overyear, auto insurance is up nineteen percent40500:31:42.720 --> 00:31:47.119year over year, Medicare Part Bpremiums arising by about ten dollars per month40600:31:47.400 --> 00:31:49.400to one hundred and seventy five dollarsa month. So we're seeing all these40700:31:49.720 --> 00:31:53.400increases everything else, but yet SocialSecurity, which a lot of seniors live40800:31:53.440 --> 00:31:57.240on solely, not increasing enough.So they're losing money that way and they're40900:31:57.240 --> 00:32:01.079having this hard time. Important pointbecause when you look at financial planning,41000:32:01.720 --> 00:32:06.039you have to put into an assumptionof inflation. Right, so, right41100:32:06.079 --> 00:32:08.039now, when we build out financialplans, we put two point five percent41200:32:08.119 --> 00:32:12.200is the set rate, and thatinflates all the spending figures and all the41300:32:12.240 --> 00:32:16.039goals that we're planning for. Butsocial Security it also has a COLA,41400:32:16.240 --> 00:32:21.359which is that cost of living adjustmentthat you have to plan for. However,41500:32:21.599 --> 00:32:24.039most financial plans have it as thisas if the COLA is the same41600:32:24.079 --> 00:32:28.759inflation rate as the true inflation rate. We all know who are listening to41700:32:28.799 --> 00:32:31.559this. If an inflation rate isat two point five percent, the true41800:32:31.559 --> 00:32:36.119inflation rate, the cola will onlybe two or one point eight. They41900:32:36.160 --> 00:32:40.079never really truly give you what inflationis today. The PCEE of Inflation report42000:32:40.160 --> 00:32:45.400came out at three point two percentyear over year, but again that is42100:32:45.440 --> 00:32:47.599one of the lowest figures we've seenover the last six months. We know42200:32:49.599 --> 00:32:52.920it has increased a lot more thanthree point two percent. So net net,42300:32:52.680 --> 00:32:58.759you're probably losing real purchasing value ifyou're just living on Social Security and42400:32:58.799 --> 00:33:00.759don't have some type of inflation andheads through markets or things like that.42500:33:01.119 --> 00:33:04.319Yeah, I agree, and Imean that's been the issue even though it's42600:33:04.319 --> 00:33:07.000coming down. Inflation has still beena problem with people, and you're still42700:33:07.039 --> 00:33:09.039seeing it in other aspects of lifetoo, not just the markets, you42800:33:09.079 --> 00:33:13.720know. And that's why when weplan, we put that inflation rate for42900:33:14.000 --> 00:33:16.640cost of living adjustment for Social Securityonly one point five percent compared to two43000:33:16.720 --> 00:33:22.240point five to show that there's alack of keeping up with inflation that SOLI43100:33:22.279 --> 00:33:25.920security has to the broad price levelsof goods and services. Yeah, how43200:33:25.960 --> 00:33:29.359we use the two point five percentinflation right, which I mean, like43300:33:29.400 --> 00:33:31.240we just said, like it seemslow right now, but overall in the43400:33:31.319 --> 00:33:34.680last forty years it's about average.So that's what we look for because when43500:33:34.680 --> 00:33:38.119we're doing the plan, it's projectingout a retirement of roughly thirty forty years.43600:33:38.240 --> 00:33:40.279Because you could say, oh,I'm doing fine, I can live43700:33:40.319 --> 00:33:44.839on Social Security right now, I'mgetting three thousand, myxpenses are only twenty43800:33:44.839 --> 00:33:47.279five hundred. But what happens whenyour expenses lead to thirty five hundred because43900:33:47.279 --> 00:33:52.039of inflation over a course of tenyears, and your solid security only increased44000:33:52.640 --> 00:33:55.079to thirty five hundred. Now nowyou're breaking even and eventually you're not going44100:33:55.119 --> 00:33:59.880to have the income you need.To to live. And so that's where44200:34:00.079 --> 00:34:01.519we look at it from not justthe next five or ten years, but44300:34:01.559 --> 00:34:06.599what's the next twenty years look likefrom an income perspective and an inflation perspective.44400:34:06.839 --> 00:34:08.000That way we can start bridging thegaps earlier than that. Yeah,44500:34:08.039 --> 00:34:10.119and that's what we tell a lotof young people too, is you can't44600:34:10.159 --> 00:34:14.639expect social scarity to be there.I mean, right now it's said it's44700:34:14.639 --> 00:34:16.400going to be starting to be decreasedin twenty thirty five. The first time44800:34:16.440 --> 00:34:19.519I heard that when I got intothe business. It's at twenty thirty.44900:34:19.679 --> 00:34:22.280So they keep kicking the can downthe road. But at some point it45000:34:22.360 --> 00:34:24.039might not be there. And whenyou're young, you have the ability to45100:34:24.079 --> 00:34:28.880start saving and creating your own retirementpension plan through a rough iray, through45200:34:28.880 --> 00:34:30.880a four to one K, througha regular iray, some form of saving45300:34:31.440 --> 00:34:36.320for retirement, so when you getto retirement, you're not solely relying on45400:34:36.360 --> 00:34:39.000the government paying you. Yeah,And you know, so many times people45500:34:39.039 --> 00:34:42.639are like, so scarity is notgoing to be around, and you know,45600:34:42.719 --> 00:34:44.800again they're just going to kick thecan down the road. We know45700:34:44.800 --> 00:34:46.800how the government works. If it'sbeen sixty seven for years already. Right,45800:34:46.800 --> 00:34:49.719if you have a four retirement ageof sixty seven, all they're going45900:34:49.719 --> 00:34:52.199to do is push it back toseventy. They'll make the minimum age that46000:34:52.199 --> 00:34:54.400you can take it from sixty toto sixty five because people are living longer.46100:34:54.440 --> 00:34:58.960So that's the only way that youcan make it sustainable is if people46200:34:58.960 --> 00:35:01.079are living longer, you got tomake it later for retirement age. And46300:35:01.119 --> 00:35:05.239that's the only thing on that standpoint. And then people are saying, well,46400:35:05.679 --> 00:35:07.199well, what happens if they runout of money, Well they don't46500:35:07.280 --> 00:35:12.559really have to worry about that aslong as the military keeps backing its dollar.46600:35:13.079 --> 00:35:15.119You know, I saw a reallyfunny video over the week of you46700:35:15.119 --> 00:35:19.000know what backs the US dollar andit was it was a video of our46800:35:19.159 --> 00:35:22.280entire US military and all the shipswe have, and you know, you46900:35:22.400 --> 00:35:25.159realize how dominant we are in relativenessto other countries around the world, and47000:35:25.800 --> 00:35:30.719it's not even close to the amountof power we have militarily but also financially47100:35:30.760 --> 00:35:35.360through having the world reserve currency.So don't think we have anything to worry47200:35:35.360 --> 00:35:38.559about. Our biggest worry is thepoliticians and making sure that they don't lead47300:35:38.639 --> 00:35:45.119us into some type of economic deathspiral, which seems like they constantly want47400:35:45.119 --> 00:35:47.679to do by not making the rightdecisions. But we appreciate everyone listening.47500:35:47.800 --> 00:35:52.400Coming up on the break here willbe back in a few minutes. Do47600:35:52.440 --> 00:35:58.679we thank you for listening to theMoney Matter Show? Say it's only a47700:36:07.679 --> 00:36:10.400welcome back. You're listening to theMoney Matter Show. I'm Dylan Greenberg,47800:36:10.559 --> 00:36:14.599Maybor, Todd Glicks, the BashingBoorsini and Dean Greenberg. They sure what47900:36:14.639 --> 00:36:17.159it is, visiting California. Theyspend the holidays with his family. He's48000:36:17.199 --> 00:36:20.679got a lot that happened this lastweek, you know. I mean we're48100:36:21.000 --> 00:36:23.440coming into the Christmas and New Year'stime. It's not gonna necessarily be the48200:36:23.480 --> 00:36:28.639busiest two weeks because they're also shortenedweeks. But this past week was pretty48300:36:28.679 --> 00:36:30.280busy and a lot of stuff happened. It's big companies too. I mean,48400:36:30.280 --> 00:36:35.039when we talked about Apple and theBreak saying Apple pause watch sales online.48500:36:35.320 --> 00:36:38.320They're gonna start posing them in storestoo. The new series it's the48600:36:38.480 --> 00:36:45.519series nine because it is in alawsuit with oxygen feature that another company had48700:36:45.519 --> 00:36:49.239a patent on, and they're sayingit's theirs. So it kind of seems48800:36:49.239 --> 00:36:52.039like it has some legs if Apple'sgonna pause all their sales. Yeah,48900:36:52.159 --> 00:36:54.880it affected the sales of Series nineand Ultra two smart watches, and like49000:36:54.920 --> 00:37:01.320you said, they're accused of beingstealing up patent blood oxygen feature from another49100:37:01.360 --> 00:37:06.800company, So that will be interesting. Obviously that's one of their big sellers.49200:37:07.039 --> 00:37:12.039But another thing about Apple is intwenty four I think March or February,49300:37:12.119 --> 00:37:15.440they're going to start selling there thefirst batch of the Vision pros I49400:37:15.480 --> 00:37:20.280think they call it, yeah,the the VR sets. Yeah, so49500:37:20.920 --> 00:37:23.960they're going to start selling those.What did they use a final price yet49600:37:24.000 --> 00:37:27.519or release? They haven't released.I don't think it's gonna be interesting because49700:37:27.519 --> 00:37:30.199that first price was what five thousand, yeah, more than anything. I49800:37:30.199 --> 00:37:31.800don't it's gonna be cheaper. Ithink because they wanted to see people's reactions49900:37:31.800 --> 00:37:36.760and they got pretty bad backlash andsaying it's too expensive. I can't expect50000:37:37.320 --> 00:37:42.119that leads too much to Apple's bottomline the first year, that's the first50100:37:42.119 --> 00:37:44.440step in a whole new thing.Yeah, watch, it took years for50200:37:44.480 --> 00:37:46.440it to build like that. Peoplehave to want it first. There's no50300:37:46.519 --> 00:37:51.119want expence. It's a luxury album. The watch has become just the norm,50400:37:51.679 --> 00:37:54.119right, that kind of watch AirPods. You know, people want it50500:37:54.480 --> 00:37:59.199a novelty. So for now,you know, Apple has a tricky year50600:37:59.239 --> 00:38:02.239heading into this next year because ofthese Apple Watches and the Vision Pro.50700:38:02.280 --> 00:38:06.199They're putting a lot of money intothe Vision Pro. But at the end50800:38:06.199 --> 00:38:07.840of the day, they have alot of money on their books anyway,50900:38:08.000 --> 00:38:12.119So you know how much did theyreally get affected by this? It's really51000:38:12.119 --> 00:38:15.239about growth rates. I got something. So Dylan was talking to hear about51100:38:15.320 --> 00:38:20.159Christmas and investors are obviously hoping forthat santsa rally, but rising vics made51200:38:20.199 --> 00:38:23.800point points toward some turbulence for Santa. We'll see. Last week we talked51300:38:23.800 --> 00:38:27.800about the VICKS falling to its lowestlevel in over three years. Last Wednesday,51400:38:27.840 --> 00:38:30.960the volatility index spiked up around tenpercent. This was this happened in51500:38:31.000 --> 00:38:36.159a matter of minutes between twelve andtwo pm that day. SMP five hundred51600:38:36.159 --> 00:38:38.719e raised about six hundred billion dollarsin market cap. To put this in51700:38:38.760 --> 00:38:42.960perspective, the SMP five hundred wasup ten straight days, but he erased51800:38:43.039 --> 00:38:45.920five of those daily games in justtwo hours. Todd and Dylan, you51900:38:45.960 --> 00:38:50.519guys had some insight on what mayhave brought this about through zero dated options.52000:38:50.559 --> 00:38:52.440Do you want to talk a littlebit on that. Yeah, so,52100:38:52.480 --> 00:38:54.159I mean there was a speculation outthere. Think Kramer said it too52200:38:54.199 --> 00:38:59.880about zero dated options being a reasonas to why it was such a sharp52300:39:00.079 --> 00:39:04.280drop on Wednesday, and the reasoningbehind it is believed that the market drops52400:39:04.280 --> 00:39:08.239so quickly because when investors buy largeamounts of SMP puts, the market makers52500:39:08.239 --> 00:39:13.119on the other side have to squareup their own risk by selling futures throughout52600:39:13.159 --> 00:39:15.039the day. So if that happeningso quick, they had to do a52700:39:15.119 --> 00:39:19.719quick and if the stocks are weakening, the market makers typically sell faster to52800:39:19.719 --> 00:39:23.519protect themselves even more, and that'swhat could potentially accelerate the downside move.52900:39:23.800 --> 00:39:29.760It's also believed the zero dated optionstraded resulted in about a three billion dollars53000:39:29.800 --> 00:39:32.800of stocks futures being sold within anhour, and then at the same time53100:39:32.880 --> 00:39:38.519on Wednesday, there was a largeinstitutional trader doing an asset allocation trade and53200:39:38.599 --> 00:39:43.599that rebound because and what it wasmoving was out of stocks into bonds.53300:39:43.920 --> 00:39:46.599So all those sales of the stockdid not help the decrease. It just53400:39:46.719 --> 00:39:50.519accelerated because then retail investors saw thatit was down and the like, oh53500:39:50.559 --> 00:39:53.400crap, I'm just going to sell. So that's partly why it drops so53600:39:53.480 --> 00:39:58.599quickly on Wednesday afternoon. For peoplewho don't know what zero dated options are,53700:39:58.920 --> 00:40:00.960you know, an option is reallya bet on the price into the53800:40:01.000 --> 00:40:07.159future. No, that doesn't helppeople. Now again, you're essentially just53900:40:07.239 --> 00:40:09.599betting on the price. So ifyou have a stock at one hundred dollars54000:40:09.840 --> 00:40:13.320and you think in a month itcould be trading out one hundred and five,54100:40:13.880 --> 00:40:15.400you can buy a call for onehundred and five, giving you the54200:40:15.519 --> 00:40:20.039right to sell the stock at oneoh five. And then what happens if54300:40:20.079 --> 00:40:23.599the stock keeps running, You havethat stock purchase basically at one oh five,54400:40:23.679 --> 00:40:29.000and you get the game. Youcan even sell the option before exercising54500:40:29.000 --> 00:40:32.480the option. But every option hasa maturity date to it, basically amount54600:40:32.519 --> 00:40:36.719of days until it expires, andit's no longer it's just going to correct.54700:40:36.719 --> 00:40:38.400These right to sell, the rightto buy if you're buying a call,54800:40:38.559 --> 00:40:43.119sorry, yes, if you're buyingthe call. So the whole point54900:40:43.199 --> 00:40:46.519of the zero dated options is afterthat day of trading, it's no longer55000:40:46.679 --> 00:40:52.400an instrument on financial markets, andso it's either going to be worth nothing55100:40:52.719 --> 00:40:54.880or being worth what it was supposedto be worth. And that's why you55200:40:54.960 --> 00:41:00.079have this huge one side of thefence. You know, you're gonna see55300:41:00.079 --> 00:41:01.639a lot of buying, a lotof selling right at the end of the55400:41:01.719 --> 00:41:05.920day. And that's been increasing throughtwenty three because of the growth in the55500:41:06.000 --> 00:41:09.440zero dated options market, because itgives large institutions ways to get a little55600:41:09.440 --> 00:41:14.400more bang for their buck in termsof beta, and beta is how you55700:41:14.440 --> 00:41:19.000moved with the market. You canmove a little more than the market actually55800:41:19.000 --> 00:41:22.400moves if you use zerodated options becauseof the volatility and the gamma squeeze that's55900:41:22.400 --> 00:41:24.920embedded when zero dated options come closeto the maturity, more of a gamble56000:41:24.920 --> 00:41:27.480and you got to hit it rightand you got to hit it quick,56100:41:27.480 --> 00:41:30.119otherwise you're gonna get hammered wrong.Yeah. But with that, options trading56200:41:30.159 --> 00:41:32.920volume hit in all the time highthis year. We're partly the thing for56300:41:32.960 --> 00:41:37.880that too. Yeah. But withthat also zero dated options are outpaced the56400:41:37.920 --> 00:41:43.480growth in all the other expiry terms. Yeah, they just weren't a thing56500:41:43.800 --> 00:41:46.639before. It was every option expiredon the third Friday of every month,56600:41:47.079 --> 00:41:51.840and then it eventually became Monday,Wednesday, Friday of every week, and56700:41:51.920 --> 00:41:55.079now it's for cues and spiders andyou can get it every single day.56800:41:55.199 --> 00:41:59.400Yeah. So what's the stat that'sout there that says, you know,56900:41:59.559 --> 00:42:02.920option what ninety five percent of optionsexplain this? I think it's ninety ninety57000:42:02.920 --> 00:42:06.920five. Yeah, it's a yeah. I mean it's about I think risk.57100:42:07.920 --> 00:42:09.440You got to know what you're doingbecause if you don't, you can57200:42:09.480 --> 00:42:14.360get hit hard and it comes quick. It's enticing because you can buy a57300:42:14.400 --> 00:42:16.679hundred shares or something for a lotcheaper than if you couldn't afford a hundred57400:42:16.679 --> 00:42:19.760shares of Apple. You can buyan option on it in that sense,57500:42:19.800 --> 00:42:22.159but very volatile and you can losemoney very quickly in it. So it's57600:42:22.400 --> 00:42:24.639you want to do your research beforeyou jump in. Don't use them as57700:42:24.679 --> 00:42:28.800a get rich quick scheme. Usethem as a hedging tool. And exactly57800:42:28.840 --> 00:42:30.360if you use them as a getrich quick it's like a gamble. It's57900:42:30.400 --> 00:42:32.719you might as well go bet onsports on the same option. Yes,58000:42:34.000 --> 00:42:37.480idea, and that's the biggest thingis volatility leads to the potential for a58100:42:37.480 --> 00:42:39.960return. Doesn't mean the guarantee forreturn, it means potential. So options58200:42:40.000 --> 00:42:45.239obviously can give you a higher rateof return, but it's because you're offering58300:42:45.280 --> 00:42:49.000a higher rate of volatility, anda zero dated option has such hype volatility,58400:42:49.079 --> 00:42:51.480so you don't really have the roomto be wrong. Yeah, and58500:42:51.519 --> 00:42:53.480you'll be wrong and you'll lose yourmoney immediately. Options are very complex because58600:42:53.480 --> 00:42:58.239they don't just they don't just they'renot just based on the markets price.58700:42:58.400 --> 00:43:00.639You know, the stock could goup, the option can actually go down58800:43:00.679 --> 00:43:05.039even if you're betting on it goingup. So there's a lot of complexities,58900:43:05.079 --> 00:43:07.719and you really need to work witha professional if you're not one,59000:43:07.800 --> 00:43:13.280if you want any option strategies.And we do employ some options and strategies59100:43:13.320 --> 00:43:15.400for a couple accounts here, butthey're, like you said, SeaBASS,59200:43:15.519 --> 00:43:20.119used in risk mitigation situation. Andwith that, I mean if you're interested59300:43:20.159 --> 00:43:22.440in learning about options, about tradingoptions, if you've been doing it yourself59400:43:22.440 --> 00:43:28.440and want to do more complex things. Dave and Dean are both auctions principles,59500:43:28.559 --> 00:43:30.280so they can help you that way. And then what SeaBASS was talking59600:43:30.280 --> 00:43:34.960about with the Santa Claus Rally.For those who don't know, it doesn't59700:43:35.000 --> 00:43:38.039always happen, but since nineteen ninetythree, it's occurrence took place about sixty59800:43:38.039 --> 00:43:42.599seven percent of the time. Whatthe Santa Claus rally is is tend to59900:43:42.639 --> 00:43:46.480be around December twentieth through January fourth. It depends on who you want to60000:43:46.519 --> 00:43:51.559ask on the actual time frame,but the average turn during that time frame60100:43:51.599 --> 00:43:54.440for the S and P five hundredduring December twentieth to January fourth is about60200:43:54.440 --> 00:43:58.000an average one point three percent gain. So, like I said, since60300:43:58.079 --> 00:44:00.079nineteen ninety three, it's took placeabout six seven percent of time. Doesn't60400:44:00.079 --> 00:44:04.960always happen, but as Dylan says, it normally does because of the lack60500:44:04.960 --> 00:44:07.800of volume going into the last tradingweek of the year, which just is60600:44:07.800 --> 00:44:10.239a lack of selling, and mostpeople aren't going to be buying or selling60700:44:10.280 --> 00:44:14.480that week because they kind of alreadygot their capital gains booked away. They60800:44:14.480 --> 00:44:17.320don't want to mess with the realizedor the realized loss or gain. And60900:44:17.360 --> 00:44:21.480then on top of that, theyare knowing January is the biggest month for61000:44:21.639 --> 00:44:28.039flows into retirement accounts because of ifyou're high earning employee I'm or employer or61100:44:28.039 --> 00:44:31.800you're going to max out your formon contribution in the first January February.61200:44:32.199 --> 00:44:35.840Yeah, pretty much. So that'swhy January tends would be a good month61300:44:36.079 --> 00:44:37.880and then to February, and thenonce that all gets into play, then61400:44:37.880 --> 00:44:40.440you kind of see what the marketcould do. Yeah, I mean twenty61500:44:40.440 --> 00:44:45.000five percent of all sales growth Iread for the overall s and P five61600:44:45.079 --> 00:44:51.039hundred comes in December. So whenyou're like why, you know, why61700:44:51.119 --> 00:44:53.199is this these years? Always youknow December January is so good. Well,61800:44:53.199 --> 00:44:59.280it's probably because of that and alsoJanuary being the highest inflow month because61900:44:59.320 --> 00:45:01.880of the calendar year. You know, if you put the calendar year in62000:45:02.119 --> 00:45:05.920starting in March, you would haveApril as the biggest year. So it62100:45:05.960 --> 00:45:09.360all depends on when you start theyear and how the regulation rules are standard62200:45:09.400 --> 00:45:15.519around it. But you definitely seepatterns around the markets because of business cycles,62300:45:15.760 --> 00:45:20.559and that's how it works. Now. We have the Federal Reserve come62400:45:20.599 --> 00:45:24.440out last week and like you said, Dylan, the members kind of were62500:45:25.159 --> 00:45:31.760taken back and because the market keptbidding and they kept buying even though they've62600:45:31.880 --> 00:45:37.039kind of felt like they were beinga little more hawkish than expectations. Yeah,62700:45:37.719 --> 00:45:39.480yeah, well it's that I mean, because they had the Chicago Fed62800:45:39.519 --> 00:45:43.440president come out and he said thathe doesn't know why everybody was so happy62900:45:43.519 --> 00:45:46.199the next day because he didn't thinkthe market reacted as from what they said,63000:45:46.199 --> 00:45:49.920he thought they were talking about raycuts, but they're saying maybe,63100:45:49.960 --> 00:45:52.719and it's like not in the greatestway. So he's interested why the market63200:45:52.960 --> 00:45:57.039went up so much the next day. And it's unlikely we will see any63300:45:57.119 --> 00:46:01.400real talks about ray cuts until wesee the actual CPI below too. But63400:46:01.480 --> 00:46:05.159you know how I feel about weightcuts, right, the markets definitely think63500:46:05.159 --> 00:46:07.800there's gonna be two or three waycuts. They seemed them three for sure.63600:46:07.119 --> 00:46:08.639So at the end of the day, if we don't have two or63700:46:08.639 --> 00:46:12.679three way cuts, what happens tothe market. It's gonna go down,63800:46:12.679 --> 00:46:15.760exact actly. And that's why mitigatingrisk is such an important part of the63900:46:15.760 --> 00:46:19.559way we're going to manage money intous in twenty four. Yeah, because64000:46:19.559 --> 00:46:22.199we're in this Goldilock scenario and youknow, like Dave said, you can64100:46:22.360 --> 00:46:24.800take a picture quick and you know, hold on to inframe it, but64200:46:24.960 --> 00:46:28.000at the end of the day,You're right, Dean, everything has to64300:46:28.000 --> 00:46:30.559work out perfectly in twenty four forus not to drop. It seems like64400:46:30.639 --> 00:46:35.320that's where we're headed. And whatdo I keep saying, it's always risk64500:46:35.400 --> 00:46:38.320reward. Our risk is greater thanit was obviously a few months ago.64600:46:38.719 --> 00:46:42.400But at the end of the day, you don't sell everything because if you're64700:46:42.400 --> 00:46:45.519wrong and it doesn't keep going andgoing more than you expect, you're gonna64800:46:45.519 --> 00:46:49.079make money because you got your corepositions. Okay, right, But on64900:46:49.119 --> 00:46:52.119the other side, if it doescome back and gives you an opportunity,65000:46:52.519 --> 00:46:55.920which it did. What on whatwas it on Thursday or or Wednesday last65100:46:55.960 --> 00:47:01.000week that we dropped, you know, seventy points on the s that could65200:47:01.039 --> 00:47:06.159have kept going. Then you havemoney to buy stuff and you're not getting65300:47:06.239 --> 00:47:09.480killed. But be smart with what'sgoing on, because if you're smart with65400:47:09.519 --> 00:47:13.920what's going on and you know howto mitigate risk, you can get through65500:47:14.079 --> 00:47:16.639every type of environment. The markets. Well in the throw, all right,65600:47:16.639 --> 00:47:19.880we're coming up to a hard break. We'll be right back. I65700:47:19.920 --> 00:47:23.119appreciate we got about thirty second andI want to talk about this point where65800:47:23.119 --> 00:47:27.599we have the s and P fivehundred when it returns twenty plus in a65900:47:27.679 --> 00:47:30.840rally. The average turn the yearlater since nineteen twenty eight is eight point66000:47:30.960 --> 00:47:35.119nine percent, the median return elevenpoint four percent. Yeah, however,66100:47:35.199 --> 00:47:37.639you're not taking it into the fourthyear of a new presidential and that is66200:47:37.679 --> 00:47:40.239the average turn is four percent forthe S and P. We'll be right66300:47:40.280 --> 00:47:44.239back for the second outer of themoney. Make sure you keep all the66400:47:44.280 --> 00:47:52.760statistics correct. We'll be right back. Thanks, say it's only an oh,66500:47:52.840 --> 00:47:57.079welcome back on Merry Christmas Eve.Christmas is such fun, even for66600:47:57.199 --> 00:48:00.119that's Jews. It's fun, Yeah, but for a whole different read that.66700:48:00.159 --> 00:48:01.320I mean, we usually Chinese food, watch a bunch of movies and66800:48:01.360 --> 00:48:06.559it's great. I don't know wherethat tradition came from, because it's the66900:48:06.639 --> 00:48:08.599only place opens. Yeah, Chineserestaurants back in the day where the only67000:48:08.639 --> 00:48:12.119place is open. Right, So, Jews, we don't celebrate. But67100:48:12.199 --> 00:48:16.599they were in Jewish, they wereprobably Catholic Chris Christ. They don't in67200:48:16.639 --> 00:48:20.960America. I don't know, well, I know, I'm not going to67300:48:21.000 --> 00:48:22.679get it. I don't know thereason that is the reason that was the67400:48:22.679 --> 00:48:29.400only restaurant. Don't go Google movies. Those are the two things, go67500:48:29.440 --> 00:48:30.760to a movie and each Chinese food. Yeah, that moyviees. They're always67600:48:30.800 --> 00:48:35.000open on Christmas. Yeah, thoseof you just tuning in, We're in67700:48:35.039 --> 00:48:37.599the second hour of the Money MatterShow. For the last week, the67800:48:37.639 --> 00:48:39.440Dow is up point two percent,the s and P five hundred was up67900:48:39.440 --> 00:48:43.639point eight percent, the Na's DAKcomposite was up one point two percent,68000:48:43.679 --> 00:48:45.400the Wrestle of two thousand, whichis the small cap, was up two68100:48:45.440 --> 00:48:50.440percent, and the RSP, whichis equal weighted SMP five hundred was up68200:48:50.480 --> 00:48:53.079point four percent. For the year, coming into the last two weeks,68300:48:53.440 --> 00:48:57.880the Dow is up thirteen percent andnow naz Dak's up forty three percent.68400:48:58.239 --> 00:49:00.519The SMP was up twenty four percent, and then Russell two thousands up fifteen68500:49:00.559 --> 00:49:05.559percent. The RSP is up eleven. So we're looking to have a strong68600:49:05.639 --> 00:49:07.320year if you can finish these twoweeks out, which are both shortened.68700:49:07.360 --> 00:49:10.760Weeks tend not to be too highin volume, but you never know.68800:49:12.000 --> 00:49:15.400We did have a few years agowe did have a very hard week right68900:49:15.440 --> 00:49:19.159after Christmas, so and then Marcusended up being down in December because of69000:49:19.199 --> 00:49:24.039it. But historically they've been prettygood talking about value going into the next69100:49:24.119 --> 00:49:27.599year and everything. We think it'sgoing to be a value year. Berkshire69200:49:27.639 --> 00:49:30.840Hathaway talk about them a lot.They bought five million more shares of Occidental69300:49:30.880 --> 00:49:35.199Petrolium last week. Totally. They'retwo totally their shares of the two hundred69400:49:35.199 --> 00:49:38.679and forty three million have a twentyseven point seven percent stake in the company69500:49:39.400 --> 00:49:43.159and they have a bet a totalof three hundred and thirteen million dollars in69600:49:43.199 --> 00:49:45.119it. Actually, no, sorry, that was what they just bought.69700:49:45.159 --> 00:49:47.519They have a fourteen billion dollar positionin there, and they keep buying it.69800:49:47.559 --> 00:49:52.639And they bought it after the newsthat Occidental is going to buy Crown69900:49:52.760 --> 00:49:57.400Rock for twelve billion dollars. It'sprivately held oil and gas company. They70000:49:57.440 --> 00:50:02.320announced that on the twelfth of December. To that, Berkshire went back in70100:50:02.360 --> 00:50:07.280and started buying more shares. Wekeep wondering why, but they got to70200:50:07.280 --> 00:50:08.960know something, and maybe Crown Rockis very good company. It's gonna help70300:50:08.960 --> 00:50:13.519Occidental. Something's going on over there. Their average price is sixty dollars a70400:50:13.559 --> 00:50:16.079share. Wow, you said fourteenbillion. That number glued me to Bristol70500:50:16.119 --> 00:50:22.639Myers. They announced the deal tobuys psychiatric neurological drug maker Karuna Therapeutics on70600:50:22.719 --> 00:50:27.760Friday for fourteen billion dollars. Kartxrocketed more than forty seven percent in pre70700:50:27.840 --> 00:50:30.039market trading. It held it too. I was pretty surprised to see that,70800:50:30.159 --> 00:50:34.199you know what else is held.Just that reminded me of something what70900:50:34.400 --> 00:50:37.880Thursday. So after a down marketon like on Wednesday, something like that71000:50:37.880 --> 00:50:42.519happens on Wednesday. The markets,if they tend to open up, they71100:50:42.519 --> 00:50:46.199don't hold. The rally doesn't hold. Yeah, se Bashroo, we're trying71200:50:46.199 --> 00:50:50.679to teach you how to talk intothe mic. My apologies. So the71300:50:50.800 --> 00:50:52.880rally tends to not hold. Ifit opens up after a down day,71400:50:53.239 --> 00:50:57.239it tends to go into the marketduring the morning, it's up, it's71500:50:57.320 --> 00:50:58.920up, and then it'll just falloff at the end of the day.71600:50:58.920 --> 00:51:02.400Again, historically, that's what happens. Thursday, the rally started s and71700:51:02.440 --> 00:51:06.719P was up about thirty points toopen end of the day up forty eight71800:51:06.719 --> 00:51:09.760points. First time. Dave wasflabbergasted. He's been in the business forty71900:51:09.800 --> 00:51:13.000five years. He was telling us, He's like, it's not gonna hold.72000:51:13.000 --> 00:51:15.280It's not gonna hold, never held, and then then held no.72100:51:15.320 --> 00:51:16.280It was like, I like,I have no idea. I think it72200:51:16.280 --> 00:51:19.840was about like one thirty. Hecame came over here to our side of72300:51:19.840 --> 00:51:21.880the office and he said, Ithink this thing's gonna hold. Yeah,72400:51:21.880 --> 00:51:23.440it's like the first time I've everseen it. It was interesting, though,72500:51:23.440 --> 00:51:27.000I mean, there's like a lotof good market sentiment after that,72600:51:27.320 --> 00:51:30.440maybe because there was just a coupleof reasons as to why what we explained72700:51:30.480 --> 00:51:34.840in the first hour as to whythe market dropped so fast that Wednesday afternoon.72800:51:36.159 --> 00:51:39.239Yeah. The biggest thing I seeas well is the dropping interest rates.72900:51:39.320 --> 00:51:42.760I mean, if you have interestrates dropping, and more so than73000:51:42.800 --> 00:51:46.320anything, it's the eighth market,the bond market pricing in so many rate73100:51:46.400 --> 00:51:52.039cuts that just is gonna be reallyhard to actually see come into play.73200:51:52.519 --> 00:51:54.719To that points, market prices ina seventy two point seven percent chance at73300:51:54.719 --> 00:51:59.920the funds rate will be a quarterpoint lower after fed's March meeting. Yeah,73400:52:00.039 --> 00:52:05.599I just that's a very quick turnaroundfor them to do. Nike reported73500:52:05.639 --> 00:52:09.400earnings this week. It was downover ten percent as sales in China and73600:52:09.440 --> 00:52:15.079Europe weakened, and they cut theirtwenty twenty four revenue guidance. And you73700:52:15.119 --> 00:52:19.519know, that's a real interesting thingthat they came out and said about Europe.73800:52:19.599 --> 00:52:22.599I've been reading a lot of economicdata about Europe. It's not looking73900:52:22.639 --> 00:52:27.280good. They are going in througha deterioration weakening area. They actually have74000:52:27.360 --> 00:52:30.920negative GDP growth coming into what it'sgonna look like be the back to back74100:52:31.000 --> 00:52:35.239quarters in a row, which istechnically a recession. Europe's way ahead of74200:52:35.280 --> 00:52:37.760us in terms of weakening of theireconomy. China, we already know,74300:52:37.800 --> 00:52:39.880has had a lot of trouble becauseof how long they were in lockdown.74400:52:40.239 --> 00:52:45.400But Nike stock has been performing reallywell over the last couple of weeks,74500:52:45.639 --> 00:52:49.320but then obviously had a bad day. I mean over the last say,74600:52:49.400 --> 00:52:57.760roughly three months. It was upi mean eighteen percent in the last three74700:52:57.800 --> 00:53:01.800months, even after a twelve percentclothes on Friday. You know, it's74800:53:01.800 --> 00:53:06.119all about outlook there, because theydid report better than expected earnings and revenue,74900:53:06.239 --> 00:53:08.840but it tends to be about outlook. I mean, they could beat75000:53:08.920 --> 00:53:13.719last quarter, but nobody cares aboutlast quarter. They're six months from now.75100:53:13.880 --> 00:53:17.000They're cutting two billion dollars in costs, their revenue sales and projections are75200:53:17.000 --> 00:53:20.760going down. So that forward pethat Dave was talking about last week,75300:53:20.840 --> 00:53:22.679right exactly. Yeah, So,I mean you can have great earnings,75400:53:22.760 --> 00:53:27.159but if you have great earnings anda great outlook, that's when the top75500:53:27.159 --> 00:53:30.679stocks tend to pop. Yeah.And speaking of China, Chinese regulators have75600:53:30.679 --> 00:53:36.320added new restrictions on gaming sites witha raft of new measures to curb spending75700:53:36.480 --> 00:53:42.000and addiction. Yeah. Right,this has wiped out billions in value of75800:53:42.000 --> 00:53:45.719tencent and net ease shares. It'sso funny that it seems like China,75900:53:45.840 --> 00:53:50.119even though obviously you don't have thefreedoms in China, but the government really76000:53:50.280 --> 00:53:54.800works on their youth and making surethere's good policies in place to develop a76100:53:54.800 --> 00:53:59.320good working force going into the future. It actually sounds kind of nice.76200:53:59.360 --> 00:54:01.199You know, you start on thekids, you know, don't be addicted76300:54:01.239 --> 00:54:06.039to video games rather than drugs herein the US. Yeah, it's uh,76400:54:06.639 --> 00:54:09.280it is interesting. Chinese regular,well, I mean Chinese regular.76500:54:09.360 --> 00:54:15.280They have really interesting thing with theirclasses, Like they have such advanced classrooms76600:54:15.280 --> 00:54:17.920and some of the things they do, like they mandate you know, physical76700:54:17.920 --> 00:54:23.159activity very much like and TikTok toto be more informational and educational, right,76800:54:23.239 --> 00:54:25.800and then they push on us thedancing and all that. That's what76900:54:25.800 --> 00:54:30.440I'm saying. It's Chinese jokes onthem though they're shopping additional radio and they77000:54:30.480 --> 00:54:36.599make money off it. That's theissues. Actually, that's good the issues77100:54:36.719 --> 00:54:39.000that they make money. But they'reall entrepreneurs, that's how they can look77200:54:39.039 --> 00:54:43.400at it. Japan was in thenews, not necessarily because of the country,77300:54:43.400 --> 00:54:45.519well kind of becaus of the country, but more so because of the77400:54:45.519 --> 00:54:49.360company. Uh there's a company thatis centered or headquartered in Japan, but77500:54:49.440 --> 00:54:52.440majority of their businesses in America.You want to talk a little about doing.77600:54:52.199 --> 00:54:54.639Yeah, So US Steel is onehundred and thirteen year old company that77700:54:54.719 --> 00:54:59.719was based in Pittsburgh. It's calledUS Steel. Really people were thrown off77800:54:59.760 --> 00:55:04.880when a Japanese company acquired it.But that Japanese company, Nippin, I77900:55:04.880 --> 00:55:07.880think it's how you say, it'snipp O. N has had about forty78000:55:07.880 --> 00:55:12.119percent of their business in the USfor years, so they do a lot78100:55:12.159 --> 00:55:14.360of business in the US. Theyare around the US, and that's why78200:55:14.360 --> 00:55:19.159I think it got accepted the acquisition. Yeah, and Nippen is the world's78300:55:19.159 --> 00:55:22.800fourth largest steelmaker. They're the dealprice with fifty five dollars a share,78400:55:22.800 --> 00:55:25.920which represents a forty two percent premiumto the last price of trading that day78500:55:25.960 --> 00:55:30.039when it happened at thirty five dollarsa share. So that's the biggest.78600:55:30.159 --> 00:55:34.519That's the biggest, I mean dealwise, I mean, I guess for78700:55:34.719 --> 00:55:37.000US steel they're they're jumping out oftheir pants. But Jee Nippin, I78800:55:37.039 --> 00:55:40.679mean, you're paying a forty twopercent premium, Yeah, which is just78900:55:40.880 --> 00:55:45.840unreal to go into an environment wherewe are. I think they just wanted79000:55:45.840 --> 00:55:51.599to increase their US footprint because theybeat out Cleveland Cliffs and our seller Mattel,79100:55:51.639 --> 00:55:53.400which I think is foreign as well. Right, Cleveland Cliffs is obviously79200:55:53.440 --> 00:55:55.880in the US. I mean,Kramer was talking about this when he saw79300:55:55.920 --> 00:56:01.880the deal. He's just very surprisedabout all the merger and active and acquisitions79400:56:02.199 --> 00:56:07.039deals that are going on right nowin the marketplace, given the outlook of79500:56:07.039 --> 00:56:10.840what we're going through in twenty pausedalmost nothing in twenty two. I was79600:56:10.880 --> 00:56:14.559talking to people. I was backin New York in January, and I79700:56:14.599 --> 00:56:16.400was talking to guys who work inlike work in MMA, M and A79800:56:16.840 --> 00:56:20.519and all that, and they saidlast year has just died. They got79900:56:20.519 --> 00:56:22.960maybe one guy got one deal,another guy got one, and three others80000:56:22.960 --> 00:56:27.239fell through because nobody wanted to endup doing them. They were just scared80100:56:27.280 --> 00:56:30.280of the outlooks. So this yearthey're a little more optimistic, I guess.80200:56:30.920 --> 00:56:34.760And that's what's interesting because we havehigher amounts of bankruptcies in twenty three80300:56:34.760 --> 00:56:37.719than we do in twenty two,and that number is increasing. So yeah,80400:56:37.719 --> 00:56:39.760I mean, all that is andthat's why we keep saying is there80500:56:39.800 --> 00:56:43.840going to be a black swan?I mean, credit card debts keeps increasing,80600:56:43.880 --> 00:56:46.280savings keep decreasing. We've talked aboutthis for four months now. Still80700:56:46.320 --> 00:56:50.719true. A big issue with it, too, is student loan payments.80800:56:50.800 --> 00:56:54.840Only sixty percent of student loan borrowersmade payments when bills restarted. Student loan80900:56:54.880 --> 00:56:58.960payments for twenty two million people restartedin October, as we talked about.81000:56:59.000 --> 00:57:02.039That's the federal loans. They've beenpaused for three years. The Department of81100:57:02.119 --> 00:57:07.079Education says the repayment troubles red predatedthe pandemic. Millions were not taking payments81200:57:07.159 --> 00:57:12.400prior to the pause because they weredelinquent or obtained a deferment of forbearance.81300:57:12.679 --> 00:57:16.360These outsetting education debts in the USexceed one point seven trillion dollars. So81400:57:16.400 --> 00:57:20.519the average loan balance on a graduationis tripled since the nineties, because we81500:57:20.599 --> 00:57:22.639know, I mean from four hundredthirty thousand, it's that's the average.81600:57:22.679 --> 00:57:28.679Now it was ten thousand. Andthe issue is education costs, just Scott,81700:57:29.079 --> 00:57:30.400I mean, it's like six sevenpercent a year, so obviously in81800:57:30.480 --> 00:57:35.360thirty years it's going to increase alot. But like any borrowers describe these81900:57:35.400 --> 00:57:38.079challenges trying to say they're trying tostay current on their student loans because they82000:57:38.079 --> 00:57:40.599have long way times trying to researchservices, they don't know how to pay82100:57:40.639 --> 00:57:45.159them. A lot of them didn'teven realize these payments got restarted because they're82200:57:45.159 --> 00:57:47.519not just in the news and notlisten to the news. And I remember82300:57:47.519 --> 00:57:51.079when mine restarted. The only reasonI knew was because I'm in this business82400:57:51.079 --> 00:57:52.719and I've been paying attention to it. But I didn't get like a big82500:57:52.760 --> 00:57:57.079email saying, hey, start payingyour loan payments again. It was very82600:57:57.400 --> 00:58:00.280in a sense. It wasn't cryptic, but it was long emails. And82700:58:00.320 --> 00:58:01.199if you're just saying, ah,whatever. I don't got to worry about82800:58:01.199 --> 00:58:04.679it because it's been three years andnot worrying about it, you're not gonna82900:58:04.679 --> 00:58:07.519pay it. But when you onlygot sixty percent of them paying it,83000:58:07.519 --> 00:58:08.760it's an issue. And then allof a sudden they're like, oh,83100:58:08.760 --> 00:58:12.639I can't afford it. And thisis what I brought up back in October83200:58:12.679 --> 00:58:15.679when these were gonna start. There'san issue that, Okay, you haven't83300:58:15.679 --> 00:58:16.239paid it for three years, allof a sudden, you got a four83400:58:16.320 --> 00:58:20.559hundred and five hundred dollars monthly paymentthat has to come out. You don't83500:58:20.599 --> 00:58:23.320plan for that, you don't havethe income for it. You've been using83600:58:23.320 --> 00:58:27.280it for different things. Maybe yougot higher rent because you thought you had83700:58:27.320 --> 00:58:28.880more money for the last couple ofyears, and all of a sudden you83800:58:28.880 --> 00:58:30.400got to pay this, and thenall of a sudden, your credit goes83900:58:30.400 --> 00:58:34.360down because you're not paying your studentloan. And there's just a ripple effect84000:58:34.639 --> 00:58:37.679that could hit the economy hard.You got that many people paying their student84100:58:37.679 --> 00:58:43.559loans. Yeah, student loans,the repayments of them have not affected CPI84200:58:43.599 --> 00:58:46.119at all. If In fact,people I think are spending more since they've84300:58:46.159 --> 00:58:50.119restarted, so it could be anissue in the future though. Well.84400:58:50.719 --> 00:58:53.960The fact that they're spending more sincethe payments have started and they're not paying84500:58:54.000 --> 00:59:00.039them off is obviously an issue becausethis is a credit card interest rates to84600:59:00.079 --> 00:59:05.639skyrocketing, so all these people aregoing to have increased balances. Yeah,84700:59:05.760 --> 00:59:08.239none of that's good. And itis it that bad to affect the entire84800:59:08.320 --> 00:59:12.880comment? Could it be? That'ssomething that we just keep an eye on84900:59:13.280 --> 00:59:15.559constantly. Yeah, and we alwayshelp people when it comes to credit card85000:59:15.559 --> 00:59:19.360debts and looking at auto loans more. You just a lot of people have85100:59:19.440 --> 00:59:21.840questions about what are good debts,what are bad debts? How should I85200:59:21.920 --> 00:59:23.440try to pay them off? ShouldI pay them off? Those are questions85300:59:23.440 --> 00:59:29.360that you really should ask a financialadvisor about because there's a lot of variables85400:59:29.519 --> 00:59:32.639around future liquidity events and making surethat you don't lock your money up by85500:59:32.639 --> 00:59:37.679paying something off that really doesn't giveyou as much benefit as it could if85600:59:37.159 --> 00:59:42.039it could be used for something else. Speaking of asking questions, if you85700:59:42.199 --> 00:59:45.280were a radio listener to our showand had a question, what would you85800:59:45.320 --> 00:59:47.960do, Todd? You would emailus as contact at Greenberg Finance dot com.85900:59:47.960 --> 00:59:51.199All right, Michael rode into thisweek, and so you kind of86000:59:51.199 --> 00:59:53.320already tarked on this in the firsthour a little bits, but his question86100:59:53.480 --> 00:59:59.159was a bit different. Are thereany specific sectors or industries that you expect86200:59:59.159 --> 01:00:04.400to underperform in twenty twenty four.You talked about the big performers here in86301:00:04.400 --> 01:00:08.880twenty twenty three being what XLKXL techTech. We could see tech having a86401:00:08.880 --> 01:00:15.159pullback just purely because tech exploded thisyear. You tend to see that because86501:00:15.199 --> 01:00:17.599they take profit going into next yearbecause value is sting to perform this year.86601:00:17.760 --> 01:00:22.599They take the profit from tech rebalance, put it in either bonds be86701:00:22.679 --> 01:00:28.519more safe, or they put itinto another sector like staples or value value86801:00:28.920 --> 01:00:31.039to staples. Yeah, I thinkeven more so. I would definitely stay86901:00:31.039 --> 01:00:37.800away from consumer discretionary in twenty twentyfour. It's hard to say about tech.87001:00:37.119 --> 01:00:40.480I mean, even if the marketsdon't have a terrible year, it87101:00:40.519 --> 01:00:44.679won't have a terrible year. Ifthey have a bad year, obviously have87201:00:44.679 --> 01:00:45.679a bad year. And if theyhave a good year, I don't expect87301:00:45.679 --> 01:00:49.639them have as good a year asthey did this year. So there's just87401:00:49.679 --> 01:00:52.159not as much reward and it seemslike there's more risk for tech, but87501:00:52.239 --> 01:00:57.920it doesn't go to say we're ina tech world now, so that it87601:00:58.039 --> 01:01:02.199should outperform everything else. I mean, Nvidia could still have another great year,87701:01:02.239 --> 01:01:06.679but it's the idea that it's justtripled almost in a year. You87801:01:06.719 --> 01:01:09.039take some profit, right, butit you know, so many people they87901:01:09.079 --> 01:01:15.079tell me about the valuations, andI do think at a certain point valuations88001:01:15.119 --> 01:01:19.559are only based on humans giving thatstock the valuation. So if we all88101:01:19.679 --> 01:01:22.760it's a collective, don't realize thegrowth that technology has for us as a88201:01:22.800 --> 01:01:27.400society, we could just be undervaluable. They do come back down to earth.88301:01:27.400 --> 01:01:30.719Tesla came back down. Of coursethey at one point and everybody thought88401:01:30.760 --> 01:01:31.599it would never come down. Theyhad to split a few times. But88501:01:31.599 --> 01:01:36.440when you're when these technology companies intwo thousand and two thousand and one,88601:01:36.480 --> 01:01:38.719we're talking about their growth rates,everyone said they were unsustainable and then I88701:01:38.760 --> 01:01:40.920guess what happened to crash and everyonesaid, oh, see, we're right,88801:01:40.920 --> 01:01:45.559and then guess what happened The growthrates came back. So just because88901:01:45.599 --> 01:01:46.840you're right for a year or two, and we hear this all the time89001:01:46.840 --> 01:01:51.280in meetings where people said I soldout right before, Oh wait, okay,89101:01:51.679 --> 01:01:53.039when'd you get back in last youthink, are you a trader or89201:01:53.079 --> 01:01:57.400are you investor? Investors or longterm traders look for either the swing trading,89301:01:57.400 --> 01:02:00.960which is a couple of months,or day trading that's more short term.89401:02:00.960 --> 01:02:02.360If you're investors for the long run, you can weather the storm of89501:02:02.400 --> 01:02:05.679a year, of a bad year, of bad two years. If you89601:02:05.719 --> 01:02:07.960think Tesla's going to be up overa ten twenty year period, you're going89701:02:08.000 --> 01:02:10.960to be in Tesla through a couplebad years. You don't care. But89801:02:12.039 --> 01:02:15.360that is through research and believing inthe company, not just technical analysis and89901:02:15.400 --> 01:02:19.239trying to trade the stock, tryingto make the quicker money in the sense90001:02:19.239 --> 01:02:22.639of trading like that. The sectorsI am most attractive to obviously I like90101:02:22.719 --> 01:02:28.760value, but going more into thatnew homebuilders going into next year, I90201:02:28.800 --> 01:02:35.400think that sector. I really like. Healthcare I like and utilities should do90301:02:36.000 --> 01:02:39.559decent just because they're literally the lastthey're the most underforming. They're down twelve90401:02:39.599 --> 01:02:43.760percent year over year right now,so and there's ways to get into these90501:02:43.760 --> 01:02:45.800companies without trying to pick a company, without trying to pick just say I90601:02:45.800 --> 01:02:50.719think United Healthcare is going to doreally well. There's ets, there's funds90701:02:50.760 --> 01:02:54.800that diversify within the same sector thatyou can buy into, like Excel you90801:02:55.039 --> 01:03:00.679all gives you a basket of utilitycompany MP five hundred, you know,90901:03:00.880 --> 01:03:01.880and so that way you don't haveyou like the sector, but you don't91001:03:01.880 --> 01:03:05.320know exactly which company's going to dowell. You don't have a belief,91101:03:05.360 --> 01:03:08.760you don't trust your gut and anythinggoing to the ETF. Another great place91201:03:08.800 --> 01:03:12.880I think that will outperform that regularS and P five hundred next year is91301:03:12.880 --> 01:03:15.039the RSP and that's the equal weightedS and P. I think the broad91401:03:15.039 --> 01:03:20.199market will do better than the handfulof socks that dominated. And we see91501:03:20.239 --> 01:03:22.400that in the last month it's up. It was lagging the S and P91601:03:22.480 --> 01:03:25.880five hundred by a lot and it'scome back quite a bit in the last91701:03:25.880 --> 01:03:29.320month. Yeah, it's up performedthe S and P this month by two91801:03:29.320 --> 01:03:34.440percent just about. So it hasdefinitely brought up some ground. Any other91901:03:34.519 --> 01:03:37.039questions, yep. Michael followed upwith what economic indicators do you follow when92001:03:37.039 --> 01:03:43.320assessing the market forecast for that upcomingyear? They grow, They grow every92101:03:43.400 --> 01:03:49.239day. So do you want thenovice answer or my answer? Your answer92201:03:50.400 --> 01:03:52.119we'll be here for too long,all right, give us the novice.92301:03:52.480 --> 01:03:57.519I would you probably just want tolook at GDP reports, the monthly inflation92401:03:57.639 --> 01:04:02.639reports and the report. No,I mean, I don't think PC is92501:04:02.639 --> 01:04:06.559too important. The market really caresmore about CPI, the Fed cares more92601:04:06.559 --> 01:04:14.119about PCs, So I would goCPI GDP, and GDP really gives you92701:04:14.159 --> 01:04:17.440an idea about the overall gross domesticproduct, right, so that's the best92801:04:17.679 --> 01:04:21.400indicator of an economy. And thenif you have back to back negative but92901:04:21.679 --> 01:04:26.719GDP is a backward looking so it'snot leading, it's not a leading indicator.93001:04:27.199 --> 01:04:30.679So I mean, you know theysay the stock market is a leading93101:04:30.679 --> 01:04:34.719indicator. It's how is it sayslike a six month so lead an indicator.93201:04:35.000 --> 01:04:40.360Yeah, everything that you do inthis in this financial world is using93301:04:40.400 --> 01:04:45.719past information to make a guess aboutthe future. So to say anything is93401:04:45.719 --> 01:04:47.639too leading. I mean, forexample, the inversion is a leading indicator,93501:04:48.000 --> 01:04:53.000the two ten year inversion that we'vehad for eighteen months now, so93601:04:53.239 --> 01:04:57.920it's been leading wrong as well.So the most important thing is to see93701:04:57.920 --> 01:05:02.559how economic reports are developing and thentrying to project out what you believe will93801:05:02.559 --> 01:05:08.840continue into the future based on theenvironment we're in. Thank you, Michael.93901:05:09.199 --> 01:05:12.960If you have any other quest questions, contact at Greenberg Financial dot com.94001:05:13.000 --> 01:05:15.960I wanted to talk about a stockthat has been just ripping my face94101:05:15.000 --> 01:05:18.400off looking at it each day,and that's Mara. It's MRI. It's94201:05:18.480 --> 01:05:24.480Marathon Digital Holdings. And you know, you know I love bitcoin. They94301:05:24.559 --> 01:05:28.039mind bitcoin, then I think theymind other digital assets as well. And94401:05:28.079 --> 01:05:30.920there's two companies I fall in thisspace. It's Mara and Riot. And94501:05:31.000 --> 01:05:33.800it's just like a golden miner,right, your minded commodity. The commodity94601:05:33.800 --> 01:05:36.840has a price. You have thatprice. So it's pretty simple for most94701:05:36.840 --> 01:05:40.880people to understand. They just howdo you mind bitcoin? I won't get94801:05:40.880 --> 01:05:43.360into that for people, but justno, that's what they're doing, right.94901:05:43.400 --> 01:05:45.199They're they're plugging in the machines,They're paying the energy costs, and95001:05:45.199 --> 01:05:48.400what they get back for their bitcoinmining the world is more than the energy95101:05:48.400 --> 01:05:51.679costs, so they end up profitable. Right. Well, they just require95201:05:51.760 --> 01:05:56.880two new sites that actually reduce thecost per coin that they mind by thirty95301:05:56.880 --> 01:06:00.519percent. This stock is up fortypercent over the last five days. I95401:06:00.559 --> 01:06:02.119mean, we talked about it thisyear it's up over six hundred percent.95501:06:02.440 --> 01:06:05.920It's ridiculous. Now, when bitcoinplummeted, it plummeted as well. It95601:06:06.000 --> 01:06:09.360was down. I mean, Ithink it's still down on a two year95701:06:09.400 --> 01:06:14.639performance actually, but just seeing that, I've never I don't think i've seen95801:06:14.639 --> 01:06:17.360the stock that's just printed money foralmost it seems like fifteen straight days.95901:06:17.480 --> 01:06:20.639It's it's pretty coil. Wow.Yeah, it's insane. It's up one96001:06:20.719 --> 01:06:24.880hundred and eighty percent in like twoweeks. It's completely outpaced bitcoin. And96101:06:26.239 --> 01:06:29.440you know, it seems like it'sgoing through some short squeeze, so scary96201:06:29.760 --> 01:06:31.360short interest on that was what twentytwo percent. I mean, it's not96301:06:31.639 --> 01:06:35.280terribly high, but it's up there. And as bitcoin continues to rally in96401:06:35.320 --> 01:06:40.440trade near two year highs, investorsare anticipating again that possible approval of a96501:06:40.480 --> 01:06:44.599spot bitcoin ETF. The idea isaround January eighth, January tenth to twenty96601:06:44.599 --> 01:06:46.599four, that could be approved bythe SEC. If that does, the96701:06:46.679 --> 01:06:51.400question is as institutions already bought thebitcoin for these ETFs. Oh you said96801:06:51.400 --> 01:06:56.079they weren't allowed, but they're notsupposed to be allowed until after it gets96901:06:56.079 --> 01:07:01.320approved, so they it's you know, are retailer's actually front running the institutions97001:07:01.320 --> 01:07:05.280this time, which rarely happens inmost financial markets. So it's a very97101:07:05.280 --> 01:07:10.960interesting story to watch as we enterinto twenty four, whether Bitcoin sells the97201:07:11.079 --> 01:07:15.199rumor in the news or if itkeeps its pace into the happening of twenty97301:07:15.199 --> 01:07:16.559four. Yeah. Look, andwe talk about all these stocks, I97401:07:16.599 --> 01:07:20.320mean, the sectors, we've beentalking about our outlook for twenty twenty four.97501:07:20.679 --> 01:07:25.039But it's not for everybody. Everybodyhas a different risk. I mean,97601:07:25.320 --> 01:07:28.840Mara is not for somebody who's aconservative retireing. It's not aggressive.97701:07:29.039 --> 01:07:30.400It's not for most people. Yeah, exactly. I mean that's even more97801:07:30.400 --> 01:07:33.480aggressive than in Vidia, you canthink. But the idea is, if97901:07:33.519 --> 01:07:36.400you don't know your risk and youstart investing in this, in Mara,98001:07:36.519 --> 01:07:41.840in Nvidia, and you can't handlethe volatility of it, then you're into98101:07:42.000 --> 01:07:45.199risky of assets and you got toreevaluate yourself in your investment style. So98201:07:45.239 --> 01:07:47.800that's why we do what we do, and that's why we do the financial98301:07:47.840 --> 01:07:50.840plan, That's why we do itfor free. We just want to help98401:07:50.840 --> 01:07:55.800them, get you to understand whatyou're investing in and how much risk you98501:07:55.840 --> 01:07:59.119can really take so you can sleepat night. So as we wind down98601:07:59.159 --> 01:08:01.559twenty three, I want anyone who'slistening to us to understand that we do98701:08:01.639 --> 01:08:05.159have a free risk software that youcan use. All you have to do98801:08:05.239 --> 01:08:10.000is email us or contact us ournumbers five to zero five for four to98901:08:10.000 --> 01:08:12.320four nine zero nine. What we'lldo for free for you is put it99001:08:12.360 --> 01:08:17.760into our risk analysis software your entireportfolio, and it will shoot out the99101:08:17.840 --> 01:08:21.600current expense ratio you're paying for theentire portfolio, the average expense ratio,99201:08:23.039 --> 01:08:27.439the average six month return you canexpect, the zone, what's the most99301:08:27.520 --> 01:08:31.720or least based on historical back testingof your exact allocation. How risky is99401:08:31.760 --> 01:08:34.720your portfolio. It will give youa number from one to one hundred about99501:08:34.760 --> 01:08:41.840how risky your portfolio is. Theseare intangible things to understand about your portfolio,99601:08:42.199 --> 01:08:45.199knowing each year because each year isdifferent, right, and you have99701:08:45.279 --> 01:08:49.319a different risk each year. Sogoing in and understanding that, you can99801:08:49.479 --> 01:08:53.520easily send us your portfolio. Youdon't even have to come to a meeting99901:08:53.560 --> 01:08:56.520if you don't want to. Youcan just send us your portfolio account statement100001:08:56.560 --> 01:08:58.520over online, or you can callus. We could talk about it,100101:08:58.840 --> 01:09:01.039and we can put it into oursoftware and we can send you that report100201:09:01.319 --> 01:09:04.199completely free. Even if you don'tneed to do the whole financial plan,100301:09:04.239 --> 01:09:08.479we could do just that for you. We're here to help on that front.100401:09:08.880 --> 01:09:12.600Please understand your risk. As wego into twenty four. When we100501:09:12.680 --> 01:09:15.039have markets that return for the Sand P twenty four percent year to date,100601:09:15.439 --> 01:09:18.520you have people that start want tochase gains. That is not the100701:09:18.600 --> 01:09:23.159time to do. So the timeto do right now is to revisit your100801:09:23.239 --> 01:09:26.600risk and to understand who you areas an individual, not what type of100901:09:26.680 --> 01:09:29.960return you want. It's also aboutwhere you are in your investing in life.101001:09:29.960 --> 01:09:32.199Are you twenty years from retirementary tenor you five? Are you retiring101101:09:32.239 --> 01:09:35.319next year? Are you're tiring inthe beginning of twenty five. I'll take101201:09:35.399 --> 01:09:39.359into account in the idea of howyou should invest as well, because you101301:09:39.359 --> 01:09:43.520don't want as much volatility getting readyto retire. So you know, Dave101401:09:43.560 --> 01:09:48.199does ev garages. I gotta Igot a uranium garage. I'm gonna throw101501:09:48.239 --> 01:09:51.720a uranium garage out there, areany Dave. I am a big I'm101601:09:51.760 --> 01:09:56.279a big uranium component because of nuclearI'm a big believer in nuclear. I101701:09:56.319 --> 01:10:00.000think that's one of the one energysource that as a world we're falling behind.101801:10:00.239 --> 01:10:02.439A couple of countries are doing reallywell, but certainly America's falling behind.101901:10:02.920 --> 01:10:05.520Uranium. The ETF you can followit. It's you are A.102001:10:06.439 --> 01:10:11.840You are A is up fifty percentyear to date. It's it's done really102101:10:11.880 --> 01:10:15.119well. And the lot, thevast majority is because a lot of funds102201:10:15.119 --> 01:10:19.199are starting to invest in it.US, Russia, China and a global102301:10:19.239 --> 01:10:23.520push. They're trying to ditch fossilfuels. Well, they have to replace102401:10:23.640 --> 01:10:27.880that energy source with something else.We know as much as you know,102501:10:27.920 --> 01:10:30.880we'll talk about solo the next segment. We'll talk about you know, we102601:10:30.960 --> 01:10:35.279had you know, renewable energy andwind turbines and hydro power. Yes they're102701:10:35.279 --> 01:10:42.079all right, but they're not scalableat this point to in to replace the102801:10:42.119 --> 01:10:45.520fossil fuel part of the energy grid. The only thing that you can really102901:10:45.560 --> 01:10:49.239see as a potential solution in termsof scalability would be using you know,103001:10:49.439 --> 01:10:58.239small nuclear reactors or bigger ones forbigger towns as the you know, the103101:10:58.279 --> 01:11:02.720reason uraniums keep increasing is because there'sjust a reduction in supply and these supply103201:11:02.760 --> 01:11:10.039stortages arising from growing geopolitical tensions andthese breakups of these supply chains. So103301:11:10.159 --> 01:11:14.600as that continues, the US isputting a lot of money into the uranium.103401:11:14.760 --> 01:11:17.880In July, the US Senate votedto create a nuclear fuel Security program103501:11:17.920 --> 01:11:24.520to bolster domestic supplies of enriched uraniumand wean off country off imports, which103601:11:24.520 --> 01:11:28.199is really important to me. Obviously, we all some people are scared of103701:11:28.239 --> 01:11:33.520the nuclear reactors in Fukushima in Japanin twenty eleven had an energy crisis that103801:11:33.560 --> 01:11:39.600came off the earthquake that happened there. But there has been many developments,103901:11:39.840 --> 01:11:45.079many technological advancements that have led tothose type of things not being a worry104001:11:45.079 --> 01:11:48.199anymore in this day and age.Three Mile Island people always talk about that104101:11:48.239 --> 01:11:50.680type of worry. First of all, I worked. Second of all,104201:11:50.840 --> 01:11:55.760that type of worry isn't around.They don't work the same way anymore.104301:11:55.840 --> 01:11:59.479So as a country, our mostimportant thing that we can do over the104401:11:59.520 --> 01:12:03.199next fifty years has become more nuclearand that will truly become as a country,104501:12:03.199 --> 01:12:09.920will become energy independent. Yeah,thanks for that many Dave got a104601:12:09.920 --> 01:12:11.720whole new garage. Oh, he'snot gonna know what hit him when he104701:12:11.760 --> 01:12:14.640gets back. Well with that,we are coming up to a hard break,104801:12:14.640 --> 01:12:16.119So we'll come back for the lastcouple segments of The Money Matter Show,104901:12:18.039 --> 01:12:21.840the Welcome Back. You're listening toThe Money Matter Show. I'm Dylan105001:12:21.840 --> 01:12:26.039Greenberg. Here, Dan Greenberg,Sebastian Boards see any talk lick and we've105101:12:26.039 --> 01:12:30.000got a guest on he's been onbefore. He's solo pros Zachary Nevillie.105201:12:30.000 --> 01:12:32.760I just wanted to know which oneof you guys waiting for Santa Claus tonight105301:12:32.760 --> 01:12:36.600you still believe in Santa Claus.Yes, yeah, I believe for real?105401:12:38.800 --> 01:12:41.960What about you is that? Certainly? Well? I will definitely play105501:12:41.960 --> 01:12:45.359the role of Santa Claus. Ido plan on putting a red light on105601:12:45.439 --> 01:12:48.000a fishing hook and rilling it inand having someone jump and act like their105701:12:48.039 --> 01:12:51.720Santa Claus on Christmas off the roof. Yeah, and then you know you're105801:12:51.720 --> 01:12:54.960gonna get stuck in the chimney.No, no, nope, just drop105901:12:55.000 --> 01:12:58.000those presents off at the front doorand then hopefully my kids will you know,106001:12:58.119 --> 01:13:00.159still love the idea of Santa Claus. They still believe in it.106101:13:00.159 --> 01:13:02.479Don't they. Oh yeah, wedo the l on the shelf right now.106201:13:02.520 --> 01:13:06.239And let me tell you're waking upevery morning play something and now you106301:13:06.279 --> 01:13:10.000gotta hide it into the Christmas trees. Cool. It's cool. I mean,106401:13:10.039 --> 01:13:12.640obviously we never did the Santa Clausthings so much, but uh,106501:13:13.920 --> 01:13:17.359the whole idea of kids waking upand thinking that's sand presence, Yeah,106601:13:17.399 --> 01:13:20.640it was cool. I remember onetime I was I stayed out real late106701:13:20.800 --> 01:13:26.680Christmas even and hid behind the couchwhere the where the Christmas tree was in106801:13:26.680 --> 01:13:29.920the living room and waited, I'mjust gonna wait here. You know,106901:13:30.039 --> 01:13:32.600I'm gonna. I can see youdoing gonna. I'm gonna figure this out107001:13:32.680 --> 01:13:38.159right now. I fell asleep.What was the best gift you ever got?107101:13:38.920 --> 01:13:41.119Uh? I mean, honestly,I think the best gift was,107201:13:41.399 --> 01:13:44.560Uh, our tired family went toa Chargers game. It was a Sunday107301:13:44.640 --> 01:13:46.479night game and it was it wasjust a good family fun. No,107401:13:46.600 --> 01:13:50.119we beat the Broncos. They missedan extra point back when it was a107501:13:50.159 --> 01:13:53.680two yard extra point. It wasthe craziest thing. It never happened in107601:13:53.720 --> 01:13:58.920the NFL. But I was like, eleven ten, you're Philip Rivers you107701:13:58.960 --> 01:14:02.239ever got, Dylan, Uh,well, I got a few. I107801:14:02.239 --> 01:14:06.039remember you got us a go kart. Oh yeah, I like that one.107901:14:06.520 --> 01:14:09.520Yeah, we drive out around thehouse. That was a lot of108001:14:09.520 --> 01:14:12.039fun. Yeah, as a dadusually try to buy the things that you108101:14:12.079 --> 01:14:17.119want to you couldn't even fit andyou, Zach, probably a bicycle.108201:14:17.159 --> 01:14:21.359I think I got like a mongoosebicycle one time, and you know,108301:14:21.600 --> 01:14:25.520I was like, all right,take the training wheels off. Figured this108401:14:25.560 --> 01:14:30.039bad boy out. I know.I remember I got like nothing really for108501:14:30.119 --> 01:14:31.800Hanukah and all this stuff, andmy parents said, hey, going into108601:14:31.840 --> 01:14:34.800garaging and get so and Solid saidright, and I go out there and108701:14:34.840 --> 01:14:39.359then my tense speed bike was there, right, you know when they were108801:14:39.359 --> 01:14:44.520first coming out having a ten speedbike with those ram horned handlebars and that108901:14:44.600 --> 01:14:48.279little seat that made your butt sobad. But man, that was cool.109001:14:48.319 --> 01:14:51.119We went fast. Oh I betyeah, that was cool. I109101:14:51.199 --> 01:14:55.560remember getting that tense speed bike.So there we are, all right,109201:14:55.640 --> 01:15:00.359Zach. So listen, I broughtZack gone because we want to talk about109301:15:00.359 --> 01:15:05.439something special. It's Christmas time andsomething we are doing that is going to109401:15:05.520 --> 01:15:10.039be great for the kids, mostof you know. Zach nevilllef he's the109501:15:10.079 --> 01:15:14.279head coach of Tucson High. Youknow, I talk about coaching at Tucson109601:15:14.399 --> 01:15:18.000High Football and Dylan also coaches there. And one of the things we brought109701:15:18.039 --> 01:15:20.960to the table and we just gotthe okay this week to do it from109801:15:21.039 --> 01:15:27.479the from the administration is to bringout a football team to Ireland in twenty109901:15:27.560 --> 01:15:33.399twenty five to be part of thatcollege game Day Sarah scenario and us actually110001:15:33.399 --> 01:15:36.600play another high school team that comesover to Yeah, you know what,110101:15:36.720 --> 01:15:41.079you know, I couldn't be morethankful for your partnership in this Dean with110201:15:41.159 --> 01:15:45.319Greenberg Financial. You know, youguys were able to raise over five thousand110301:15:45.319 --> 01:15:47.720dollars in the last three days forthis trip, and you know, and110401:15:47.800 --> 01:15:50.920you matching that as well is goingto be great for our team, you110501:15:50.960 --> 01:15:56.000know, and I cannot wait tofundraise further to make sure you know that110601:15:56.079 --> 01:15:59.359we're able to get everything we canto take these kids on a truly one110701:15:59.359 --> 01:16:01.479in a lifetime experience to go toDublin Island. Well, you know me,110801:16:01.520 --> 01:16:03.479for a long time, I've beentrying to do this for a while.110901:16:04.039 --> 01:16:06.840What as cool is is We're gonnaleave on a Saturday and come back111001:16:06.880 --> 01:16:11.159to fall on Sunday, but we'llpractice every day we're there. But it's111101:16:11.159 --> 01:16:14.279all about education too, And alot there came to me is when people111201:16:14.319 --> 01:16:18.720didn't know where that Mexico was issouth of Tucson, and they're telling me111301:16:18.760 --> 01:16:23.000they don't know geography. This isgoing to be the coolest thing for them111401:16:23.119 --> 01:16:26.479flying over there and just looking atthe map when they're going from here to111501:16:26.520 --> 01:16:30.520the to the east coast and seeingwhere actually states are and then going across111601:16:30.760 --> 01:16:32.000and being able to do it becauseI know a lot of our kids and111701:16:32.039 --> 01:16:36.000our team will never have an opportunityto even leave too far from Arizona.111801:16:36.199 --> 01:16:39.560Yeah, I know, it's trulyspecial. I mean, you know a111901:16:39.560 --> 01:16:43.039lot of these kids, you know, the sad reality is never even really112001:16:43.119 --> 01:16:45.560leave their zip code, let alonethe area code. So you know,112101:16:45.680 --> 01:16:49.520being able to take them overseas,you know, having them, you know,112201:16:49.720 --> 01:16:55.000learn the process of getting a passportand you know, learning how to112301:16:55.039 --> 01:16:58.800travel, getting on an airplane forthe first time, and then again going112401:16:58.840 --> 01:17:02.439overseas, learning a whole new culture, learning a whole new you know environment,112501:17:02.520 --> 01:17:05.039which is gonna, you know,really going to be a beacon for112601:17:05.079 --> 01:17:09.800their life to hopefully you know,push the needle and envelope so much further112701:17:09.880 --> 01:17:12.399for them to get out there andtravel. You know what if we you112801:17:12.399 --> 01:17:15.000know, we have the next toptravel agent guy, or we turn a112901:17:15.000 --> 01:17:19.199guy into like a Bear Grills scenariowhere these dudes just love traveling and learning113001:17:19.199 --> 01:17:23.720everything about that culture. Well,you know that I was part of the113101:17:23.960 --> 01:17:28.039Global Football when we would take kidsto Italy and Spain and all the play113201:17:28.119 --> 01:17:30.960as a part of a US team. And every kid that I brought there113301:17:31.800 --> 01:17:35.119that was part of the team hadan unbelievable time. And if you think113401:17:35.159 --> 01:17:38.800about it, Dylan, because youwent on that trip too, all those113501:17:38.880 --> 01:17:43.119kids turned out to do something prettyspecial, you know. I mean even113601:17:43.239 --> 01:17:45.760you know Keith kse Palkman and allthose guys that went, I mean they113701:17:46.159 --> 01:17:49.399came back, they went to college. They they John Dahmi, they the113801:17:49.720 --> 01:17:53.479police office. What it does isopen your mind to things that I probably113901:17:53.520 --> 01:17:55.880never thought about before. And itis this idea of being in a different114001:17:55.880 --> 01:17:59.439culture, and then that makes youintrigues you to look at other places.114101:17:59.640 --> 01:18:00.520All right, We're going Ireland andthen they're like, wait, what about114201:18:00.520 --> 01:18:02.920England? What about Italy? Whatabout all this different stuff? What about114301:18:02.920 --> 01:18:05.680South America. It makes it curiousabout what else goes on in the world,114401:18:05.760 --> 01:18:09.479rather than just being in your ownbubble of Arizona, which a lot114501:18:09.520 --> 01:18:12.399of time can happen when you're caughtup in your daily life. It's what114601:18:12.439 --> 01:18:15.119you know, it's what you've alwaysknown, and it just broadens your horizons114701:18:15.159 --> 01:18:16.880in a way that never I meanI wouldn't. I think it was ten114801:18:16.920 --> 01:18:20.079years ago now, so I stillremember it all. Me and my friends114901:18:20.079 --> 01:18:24.000I went. We still talk aboutit all the time. That is one115001:18:24.000 --> 01:18:27.199of the best tricks we've still done, almost ten eleven years later. It115101:18:27.239 --> 01:18:30.840was great. Yeah, I definitelyremember when you guys left because for the115201:18:30.840 --> 01:18:32.720first time I was so bummed outbecause I was just one year too old.115301:18:32.760 --> 01:18:35.960And you know, had you doneit the year prior, Phil guy115401:18:35.960 --> 01:18:39.960would have been knocking some helmets offin Italy or wherever you guys went.115501:18:40.039 --> 01:18:43.239But you know, well, itwas an educational pot more than a football,115601:18:43.680 --> 01:18:45.479and I wan the football. Yeah, the football is a football.115701:18:45.479 --> 01:18:48.960We killed Italy. But I willgive Jeff scow and the little kudos on115801:18:49.079 --> 01:18:53.880there. Okay, He's able totake people from all around the country and115901:18:53.920 --> 01:18:58.359in three days put an offense inthat actually works. Yeah, I'll give116001:18:58.439 --> 01:19:00.960him credit for that one. Iknow all the other stuff, but I'm116101:19:00.960 --> 01:19:04.159gonna I will always give credit wherecredits to And he was he was the116201:19:04.199 --> 01:19:09.760master at being able to bring kidstogether and actually operate to where you thought,116301:19:09.800 --> 01:19:12.399Wow, these guys been practicing forweeks. Yeah, you see.116401:19:12.439 --> 01:19:15.720He actually retired this year. Yeahthat's good. I end up that whistle116501:19:15.760 --> 01:19:17.520at Rio Rico. So yeah,yep, but yeah, I mean,116601:19:17.560 --> 01:19:20.640it's it's a great opportunity. It'sgonna be a lot of fun for the116701:19:20.720 --> 01:19:24.199kids, it's gonna be something they'llremember for the rest of their lives.116801:19:24.720 --> 01:19:27.479It's a great opportunity for them tojust see the different parts of the world.116901:19:27.800 --> 01:19:30.760So obviously it's a great opportunity.How can people who are listening support117001:19:30.880 --> 01:19:36.319this beautiful vision? So through ournonprofit, our booster club or the tax117101:19:36.359 --> 01:19:40.319credit. So t USD has atax credit. You just you're gonna go117201:19:40.359 --> 01:19:43.600on to the TUSD website. You'regonna go down, go down to you117301:19:43.640 --> 01:19:46.399get to Tucson High Magnet School,and then from there you're gonna be able117401:19:46.439 --> 01:19:49.319to donate to the football team directly. Now, when you do that,117501:19:49.439 --> 01:19:53.159there's gonna be a little memo you'regonna be able to put in, you117601:19:53.199 --> 01:19:56.960know, say Ireland trip, andthen you donate your four hundred dollars and117701:19:57.000 --> 01:20:00.199again you'll get something back in themail for all the tax credit per this117801:20:00.359 --> 01:20:01.840is and you'll be able to getthat money back. I mean, if117901:20:01.880 --> 01:20:05.359you're interested, you can call ouroffice five to zero five for four four118001:20:05.439 --> 01:20:08.640nine zero nine. I got anemail I can send you and has a118101:20:08.640 --> 01:20:11.800step by step. It has pictureswith it makes it very simple to go118201:20:11.840 --> 01:20:14.479through and get it. So ifyou're interested, just give us a call.118301:20:14.520 --> 01:20:16.399We really appreciate any of the helpwe can get. Yeah, it's118401:20:16.439 --> 01:20:19.359a very simple process. For singlefilers, you can get back to two118501:20:19.439 --> 01:20:23.319hundred. Married it's four hundred,and like Don said, just give us118601:20:23.319 --> 01:20:25.880a call. We have all thestep by step information. But a tax118701:20:25.960 --> 01:20:29.279credit is different than a tax rightoff. Correct. The tax credit is118801:20:29.319 --> 01:20:32.239if you paid one thousand dollars intaxes, okay, you'll get back four118901:20:32.319 --> 01:20:38.039hundred because you'd only owe six hundred. If you owe six hundred dollars and119001:20:38.079 --> 01:20:41.560you do the tax credit, you'llonly owe two hundred. It's an absolute119101:20:41.640 --> 01:20:45.079credit against what you owe or paid. It's not a tax right off.119201:20:45.239 --> 01:20:49.479Huge difference and we can definitely usethe help. You know, it's about119301:20:49.479 --> 01:20:51.159a year and a half. Weget to raise money. We're going to119401:20:51.199 --> 01:20:54.880do a lot of different things.But if you really want to help a119501:20:54.960 --> 01:20:58.439kid at Tucson High. And Iknow what you think about Tucson High,119601:20:59.039 --> 01:21:00.279it's not what you think it is. Is they got a magnet school there119701:21:00.319 --> 01:21:03.800that's off the charts great. Andthe teachers in the magnet school are great.119801:21:03.800 --> 01:21:08.960The science, the technology of themath, it's great. I'm not119901:21:09.000 --> 01:21:12.600going to say that there's not otherthings that go on sometimes, but not120001:21:12.800 --> 01:21:15.359what the roomors are that are there. I would not be there, Dylan120101:21:15.399 --> 01:21:18.079would not be there. These kidsare, yes, sir, no kids.120201:21:18.479 --> 01:21:25.560They just are so thirsty for peopleto teach them and to motivate them120301:21:25.800 --> 01:21:30.439and to teach them that remember Iuse football as a learning education tool.120401:21:30.800 --> 01:21:36.319And to complete this and bring thesekids for ten days to a country outside120501:21:36.319 --> 01:21:40.680here, get to play a footballgame, get to see castles, get120601:21:40.680 --> 01:21:43.439to eat the food, get totalk to the people, to learn how120701:21:43.439 --> 01:21:45.239to get on the plane. Evenlike you said, I get the passport.120801:21:45.760 --> 01:21:48.239You know you think that's so simple. People don't know how to do120901:21:48.279 --> 01:21:50.600those things. We're gonna teach thema lot. And by the way,121001:21:50.640 --> 01:21:54.520when they're over there, they stillhave study class that they have to get121101:21:54.560 --> 01:21:58.800things. That's a beauty today ofhaving everything on computers. They're not going121201:21:58.880 --> 01:22:00.239to miss their work just because us. They're gonna go have some fun,121301:22:00.680 --> 01:22:04.840but the educational side of everything thatthey're gonna learn there hopefully gives them the121401:22:04.920 --> 01:22:11.800desire to want to explore more thanjust what's here in Tucson. I agree,121501:22:11.880 --> 01:22:14.760all right, so's a lot offun and we're helping. If you121601:22:14.800 --> 01:22:16.319want to help, there's ways tohelp. Just let us know. But121701:22:16.359 --> 01:22:19.560more than anything, I wanted toget the word out there because I want121801:22:19.560 --> 01:22:24.359to give kudos to Tucson to USCDistrict, Tucson High. I know they121901:22:24.359 --> 01:22:26.600get a lot of a lot ofgrief on a lot of things, but122001:22:26.640 --> 01:22:30.000when they're open to things like this, they need to get They got to122101:22:30.000 --> 01:22:35.000get recognized. And the principal andthe ad and all are doing a great122201:22:35.079 --> 01:22:38.880job in supporting us. Seem likethey were excited about it. They got122301:22:38.920 --> 01:22:42.279everything pass and done pretty quickly forus to start fundraising because they know it's122401:22:42.319 --> 01:22:45.000eighteen months out. It's gonna takea lot of money to get going,122501:22:45.079 --> 01:22:46.960so it's gonna take time to getit. It was good. We didn't122601:22:46.960 --> 01:22:49.840think we're gonna take up the wholesegment about talking about you know, it's122701:22:49.840 --> 01:22:53.640fun to talk about Tucson High.It's the name of the city. You122801:22:53.760 --> 01:22:56.279know, it's a good school,it's a great kids there. We've got122901:22:56.279 --> 01:22:58.520a little bit of a bad rap, but we're gonna come back. We'll123001:22:58.560 --> 01:23:00.640talk to Zach too more about it. But we do have a little time.123101:23:00.680 --> 01:23:03.119If you want what's on the what'sthe horizon for the twenty twenty four123201:23:03.159 --> 01:23:09.079years soil expert? Okay on oh, as your solar energy expert. You123301:23:09.119 --> 01:23:12.800know, truly, what I believeis that it's always better to pay less123401:23:12.800 --> 01:23:15.680on a bill that you're gonna haveforever, right and solar you can do123501:23:15.720 --> 01:23:18.880that, you know, I believeby redirecting your cost into an asset,123601:23:19.119 --> 01:23:25.319it puts our families into a muchbetter space. And then and then also123701:23:25.800 --> 01:23:28.039what I believe is wait, quick, my check, one check. You123801:23:28.039 --> 01:23:32.079know they're getting on. I hearI get passionate. I get passionate.123901:23:32.159 --> 01:23:34.760You know, I drift a littlebit. I start talking with my hands.124001:23:34.800 --> 01:23:38.159Now I don't know what you're doingin my hands. So yeah,124101:23:38.199 --> 01:23:40.560and then but you know, atthe end of the day, what I124201:23:40.600 --> 01:23:45.039believe is in paying less for cleanenergy than paying more for the dirty energy124301:23:45.039 --> 01:23:47.039that you currently have. So youknow, making the switch to solar is124401:23:47.079 --> 01:23:51.479super simple and it's honestly the ultimatepower move. So why wouldn't you What124501:23:51.520 --> 01:23:55.920are the credits looking like going intwenty four? Are they changing? Are124601:23:55.920 --> 01:23:59.439they no? Still with the InflationReduction Act, with the Biden Harris and124701:23:59.479 --> 01:24:01.119all of that, you're still goingto be able to get thirty percent tax124801:24:01.119 --> 01:24:04.560credit. So if you're purchasing solaroutright with either you know, financing it124901:24:05.000 --> 01:24:09.199or putting cash down, you're goingto get that thirty percent tax credit.125001:24:09.680 --> 01:24:12.439Since the last time we talked,Doug in a little bit more into that125101:24:12.439 --> 01:24:16.600Inflation Reduction Act, and they alsohave other ways you can get more of125201:24:16.640 --> 01:24:19.760a tax credit. Right, Soif you're getting American made panels, and125301:24:20.159 --> 01:24:24.600you know at least manufactured in America, you're going to get an additional ten125401:24:24.600 --> 01:24:27.520percent. You're just gonna have towrite into the IRS. And I could125501:24:27.560 --> 01:24:30.640walk you through that process, giveyou and your CPA, all of the125601:24:30.680 --> 01:24:34.640proper forms that you'll need to beable to start that and get that money125701:24:34.680 --> 01:24:39.520back. You know, it's coolabout all your coaches. We all have125801:24:39.680 --> 01:24:44.119koreas. That's what makes his coachingstaff and what we're doing for these kids125901:24:44.399 --> 01:24:46.199so cool. We'll be right back. It's the Money Matter Show. Thanks126001:24:46.239 --> 01:24:51.720for listening. Welcome back to theMoney Matter Show. My name is Toaglik.126101:24:51.760 --> 01:24:56.199I'm here with Dylan Greenberg, SebastianBorssini, and Zach never left.126201:24:56.239 --> 01:25:00.800We got a solar expert here withZach, and we want I wanted to126301:25:00.880 --> 01:25:05.960continue the conversation about more of areal life scenario about someone who has a126401:25:06.000 --> 01:25:10.560house. Let's go through the scenariosjust basically, so right now, how126501:25:10.640 --> 01:25:14.640much are they currently paying? Socurrently Sebastian is paying two hundred and fifty126601:25:14.640 --> 01:25:17.319four dollars average. So if youtake out you know, his high high126701:25:17.399 --> 01:25:20.840usage months and then his lower usagemonths, you know, you get that126801:25:20.880 --> 01:25:26.079average that's two hundred and fifty fourdollars on average, you know, month126901:25:26.119 --> 01:25:29.279after month. So if we juststart there, we know that that's might127001:25:29.319 --> 01:25:32.199not be his true energy costs becausehis home might not be energy efficient just127101:25:32.279 --> 01:25:36.199yet so how big is the energyefficiency when it comes to the home and127201:25:36.199 --> 01:25:40.600how that plays into the Solartion officethis by saying that it's been a while127301:25:40.640 --> 01:25:44.039since I've had a two hundred andfifty dollars electricity bill. It's been a127401:25:44.039 --> 01:25:46.479little higher than that lately. Yeahyeah, yeah, So you know,127501:25:46.640 --> 01:25:50.439and the reason why you're seeing thatrate increase is because based off October,127601:25:50.760 --> 01:25:54.560they increased the rate by twelve percent, like I was telling you the last127701:25:54.560 --> 01:25:58.640time I was on the show.So now, usually historically this is when127801:25:58.640 --> 01:26:01.680you have those lower months, youknow, those lower build months. That's127901:26:01.720 --> 01:26:04.479not the case, no more,right, that's all percent is gonna hit128001:26:04.520 --> 01:26:08.439you a lot more than what youreally thought. And next year summer months128101:26:08.439 --> 01:26:11.439are gonna be higher than you exactly, those three fifty dollars bills are gonna128201:26:11.439 --> 01:26:13.920be over, you know, fourhundred dollars, Like you know, it's128301:26:13.920 --> 01:26:15.880gonna start hitting the pocket and you'regonna be kicking yourself, like, damn,128401:26:15.880 --> 01:26:19.079why didn't I get solder now opposedto waiting to when those big,128501:26:19.159 --> 01:26:23.960huge bills come. And you know, back to your question about home efficiency.128601:26:24.199 --> 01:26:27.199You know, as a solar energyexpert, I always tell people before128701:26:27.199 --> 01:26:32.199they get solder. It's better toreduce your consumption before you start producing electricity.128801:26:32.439 --> 01:26:35.600And how you can do that issomething that our company offers, and128901:26:35.640 --> 01:26:42.479it's called aero seal. Aeroseal isyou know, top of the line equipment.129001:26:42.520 --> 01:26:45.760So what aerosal basically is it clogsup your duct work. So we129101:26:46.039 --> 01:26:49.960set up basically like a balloon intoyour furnace, right, and we're gonna129201:26:49.960 --> 01:26:54.680blow air and we're gonna lock allof the exit points and then from there129301:26:54.720 --> 01:26:58.319we're gonna see how many actual holesand inefficiencies you have in your duct work.129401:26:58.640 --> 01:27:00.000From there, we're gonna steal itall up up and then we could129501:27:00.079 --> 01:27:08.159Usually it's gonna decrease your consumption byabout fifteen percent, which is huge when129601:27:08.199 --> 01:27:12.279you're talking about you know, energysavings. Why especially for your AC which129701:27:12.279 --> 01:27:17.640we're gonna use the most of comesummertime. Fifteen percent that's without even installing129801:27:17.680 --> 01:27:20.319solar. Oh, that's without installingsolar. That's the first thing you have129901:27:20.399 --> 01:27:25.159to do. I look into doingis making sure you're making your home a130001:27:25.159 --> 01:27:28.680lot more energy, which would makethat average two fifty bill more look like130101:27:28.800 --> 01:27:31.359two hundred twenty something around that.Yes, yeah, right, it'll bring130201:27:31.359 --> 01:27:33.960it down. So that's the firststep of the equation. The second step130301:27:34.000 --> 01:27:38.880of the equation is how much doI need? So how much do you130401:27:38.920 --> 01:27:43.920need? So right now, dependingon what utility company have. Sebastian obviously130501:27:43.960 --> 01:27:46.119has TEP, so we're gonna talkabout two Shonny electric power. So with130601:27:46.159 --> 01:27:50.359two Soigny electric power, they letyou build bigger, right because right now130701:27:50.399 --> 01:27:55.239there's no saturation zones. They're coming. But TEP still needs people to go130801:27:55.279 --> 01:28:00.239get solar, right in order toprotect from you know, uh, the130901:28:00.279 --> 01:28:02.199horrible things that are gonna be comingwith our power grid right right, So131001:28:02.239 --> 01:28:06.800they still need more people to beproducing electricity. So now with TEP,131101:28:08.399 --> 01:28:11.800how much he's gonna need. Itend to build my clients, you know,131201:28:12.239 --> 01:28:15.960thirty to forty percent more than whatthey need, right And in that131301:28:16.079 --> 01:28:19.920cost saving scenario, when you reallylook at solar, it is all about131401:28:19.960 --> 01:28:24.079the math. So if I buildyou big enough, you're not gonna have131501:28:24.479 --> 01:28:28.279too many high bills anymore. Right, You're gonna TP is gonna be paying131601:28:28.279 --> 01:28:30.520you to go solar, right,so you're gonna be getting credits. I131701:28:30.560 --> 01:28:34.119can show you on my laptop howmy last bill I only had to pay131801:28:34.159 --> 01:28:39.439ten dollars. Now, had Inot had my condo on my account and131901:28:39.479 --> 01:28:44.680I was only paying for electricity forone property, I would have gotten money132001:28:44.760 --> 01:28:47.479back. But since I had myother property on air because I haven't rented132101:28:47.520 --> 01:28:53.039it out yet, I had aten dollars bill. Right. So building132201:28:53.079 --> 01:28:58.039a system correctly, you won't seehigh electricity. So why would I need.132301:28:58.119 --> 01:29:00.840It's thirty percent bigger system than actuallyneed. Okay, because that's access132401:29:00.840 --> 01:29:04.079to generation. So way back whenwhen solar was first getting adopted here in132501:29:04.119 --> 01:29:06.920Tucson, Arizona, there's a thingcalled net metering that's not here no more.132601:29:08.199 --> 01:29:11.760So now it's net billing. Soinstead of dollar for dollar costs,132701:29:11.880 --> 01:29:15.039it's basically, you know, forevery dollar of energy you produce, they're132801:29:15.079 --> 01:29:18.239buying it back to you for likesixty cents. So now, if you132901:29:18.319 --> 01:29:21.600build big enough, you're obviously goingto be sending so much to the grid133001:29:21.800 --> 01:29:25.720that they're paying you. Now,when you have those little pools at night,133101:29:26.840 --> 01:29:29.680you're obviously getting built for it.But you have so much credit rolling133201:29:29.720 --> 01:29:32.000into that day, rolling into themonth, that you're not having to dish133301:29:32.039 --> 01:29:35.640out a lot to TEP. Also, a lot of people will eventually get133401:29:35.680 --> 01:29:40.000some type of EV car, andso you need to have extra production if133501:29:40.000 --> 01:29:43.159you don't currently have an EV car, because that's a lot of more extra133601:29:43.319 --> 01:29:48.119energy consumption. So you're building outfuture future products in the home by doing133701:29:48.159 --> 01:29:53.920that as well. Now, sonow we know how much production or we133801:29:54.000 --> 01:29:57.239need right now we have to decidedo we want to own this or do133901:29:57.279 --> 01:30:00.640we want to lease this? Yes, and it really depends you know,134001:30:00.720 --> 01:30:04.359everyone's specific scenario, right And forSebastian, honestly, what I would say134101:30:04.479 --> 01:30:08.279is running the numbers on yours.I know you don't have the cash to134201:30:08.319 --> 01:30:11.840throw down on a system either,or makes a lot of sense. Right.134301:30:12.800 --> 01:30:15.680However, with compound interest and everythinglike that, over thirty years,134401:30:15.880 --> 01:30:19.000at what I have built for you, you're gonna be looking to pay you134501:30:19.079 --> 01:30:24.279know, over one hundred thousand dollarsright interest, Yeah, yeah, and134601:30:24.319 --> 01:30:28.439it's still gonna be less than whatyou're currently paying to TEP. Over that134701:30:28.479 --> 01:30:31.399same time, you're looking to savefifty one thousand dollars. Even at that134801:30:31.439 --> 01:30:36.079one hundred thousand dollars number. Obviouslythat's not the price. But when you134901:30:36.159 --> 01:30:40.159compound the interest and add it alltogether, that's gonna be your final out135001:30:40.159 --> 01:30:43.319the door price at you know,thirty years. Now, if you look135101:30:43.319 --> 01:30:45.840to Lisa System, you're only lookingat sixty five thousand, and your payment135201:30:45.920 --> 01:30:48.960on that scenario is gonna be twohundred and eighteen dollars and that's where it's135301:30:48.960 --> 01:30:53.239gonna stay fixed over the next twentyfive years. With that, you're gonna135401:30:53.239 --> 01:30:58.159get all of the warranties, twentyfive year warranties altogether, roof warranties,135501:30:58.520 --> 01:31:00.880you know, the warranty on thesystem everything, and then a production guarantee.135601:31:00.920 --> 01:31:03.920If your solar system doesn't produce whatwe say is going to produce,135701:31:04.079 --> 01:31:06.880we're actually gonna come out of pocketand pay you for any loss of production135801:31:06.960 --> 01:31:10.479that you may have. Right,So, what you're saying is, I'll135901:31:10.560 --> 01:31:13.560never have to pay a TEP againat that point, right. I don't136001:31:13.560 --> 01:31:15.159want to lead you and say that, you know what I mean, Like,136101:31:15.479 --> 01:31:17.880you know, you go you do, go get that tesla, or136201:31:17.920 --> 01:31:20.960you get two teslas, or youknow, you end up having kids,136301:31:20.960 --> 01:31:26.760and now your electricity usage far exceedswhat your solar panels produce. You know136401:31:26.800 --> 01:31:29.239what I mean. If you don'tget more solar panels, you know what136501:31:29.279 --> 01:31:32.319I mean? You're gonna get builtfor that excess energy that you're using opposed136601:31:32.359 --> 01:31:35.920to what your system was tailored forin your current scenario. Now, and136701:31:35.960 --> 01:31:40.479that's the important thing for people toknow about leases is it's not like an136801:31:40.520 --> 01:31:43.520ev where if you lease the car, you don't get the credit. When136901:31:43.520 --> 01:31:45.720you lease solar as far as I'mhear, and you still get the credit.137001:31:45.880 --> 01:31:48.159Yes, you do get the creditas long as it's built correctly,137101:31:48.479 --> 01:31:51.359you know what I mean. Andthen also with leasing and financing, you137201:31:51.359 --> 01:31:57.840know, it makes it a loteasier when you lease something because one,137301:31:58.279 --> 01:32:00.359it's not gonna affect your debt toincome right right, and that's huge.137401:32:00.439 --> 01:32:03.199Right. Say you just buy abrand new house and you want to finance137501:32:03.199 --> 01:32:06.000the system, Well, guess what, you can't finance the solar system.137601:32:06.000 --> 01:32:09.720And now you've kind of just pricedyourself out of a system. Right,137701:32:09.920 --> 01:32:13.239So it's not going to affect yourthat's income ratio as well as it's not137801:32:13.279 --> 01:32:15.319going to go on your credit score. If you get a loan, you're137901:32:15.319 --> 01:32:18.319going to take those hits on bothSo it's really up to that individual how138001:32:18.319 --> 01:32:21.319they want to do it. ButI mean both sides, everything's one hundred138101:32:21.359 --> 01:32:28.000percent transferable. If you have apaid off system, it typically increases the138201:32:28.159 --> 01:32:30.279equity in your house by about fourpercent. That's what we're seeing based off138301:32:30.319 --> 01:32:33.279of Zillo's reports and everything like that. So what happens when I want to138401:32:33.279 --> 01:32:36.119sell the house and I'm leasing it? So if you all they have to138501:32:36.159 --> 01:32:39.520do is be able to qualify forthe payments, which they will. They138601:32:39.560 --> 01:32:42.920should be able to, you knowwhat I mean, more likely than not.138701:32:43.159 --> 01:32:45.520What if they don't want it?If they don't want it, so138801:32:45.680 --> 01:32:47.680you can do a kind of thing. You can find a buyer who does,138901:32:47.800 --> 01:32:50.600or if you're going into a newhome, just pack up the solar139001:32:50.600 --> 01:32:54.840system and put it on your newplace, so you can do You can139101:32:54.880 --> 01:32:59.880do many different things. But usuallytypically if I'm a realtor selling your house139201:33:00.039 --> 01:33:02.279and I'm and say I sell thishouse five ten years from now, I'm139301:33:02.279 --> 01:33:06.439telling them, hey, look you'regetting twenty twenty three's rate of electricity right139401:33:06.479 --> 01:33:10.560now because you get grandfathered into thatas well. I'm sure we can all139501:33:10.600 --> 01:33:13.319agree. You know, the priceof gas isn't going to stay where it's139601:33:13.319 --> 01:33:16.359at right now, the price ofgroceries and the price of electricity, damn139701:33:16.359 --> 01:33:19.399sure, isn't going to stay whatit is today. Right with inflation,139801:33:19.479 --> 01:33:23.439it's only going to keep rising.Now, when you get solar, you139901:33:23.479 --> 01:33:29.119lock yourself into today's rate. Sonow are you selling transferring over a solar140001:33:29.159 --> 01:33:32.720system. You're transferring over a solarsystem with today's buyback and today's rate of140101:33:32.760 --> 01:33:41.359electricity. Yeah. I mean,the one thing to consider about solar when140201:33:41.399 --> 01:33:45.199you try to sell is you haveto have that person qualify on the other140301:33:45.239 --> 01:33:49.199side. And so that does impedesome people who just want a quick sell140401:33:49.560 --> 01:33:54.359or a quick flip of a property. So you do price a little bit140501:33:54.399 --> 01:33:57.119of buyers out of the market withsolar. And that's what I've seen by140601:33:57.119 --> 01:34:00.680selling my own house up in Phoenixwho has solar. It's still a good140701:34:00.720 --> 01:34:06.640product when done correctly. It justseems sometimes it's if you're in that house140801:34:06.760 --> 01:34:11.119for a long period of time,you can make a good bet. If140901:34:11.159 --> 01:34:15.880it's an investment property, it dependsI think, on the on the payback141001:34:15.039 --> 01:34:19.319time. So what I say aboutinvestment property is it just all goes back141101:34:19.319 --> 01:34:24.439to that rent versus own. Right, you're gonna go rent out this property,141201:34:24.520 --> 01:34:28.760correct. If you're running out yourproperty, you know you're wreaking all141301:34:28.800 --> 01:34:34.720those benefits as as the one who'srunning it out right, So now you're141401:34:34.760 --> 01:34:40.520you're never going to your your mortgagepayment is typically less than what you're running141501:34:40.560 --> 01:34:43.279your property out for. Correct,That's how you're gonna be able to make141601:34:43.279 --> 01:34:45.960some money. Now you just dothat with your energy as well. You141701:34:46.039 --> 01:34:48.960say, hey, Utilities Included,You're still gonna have to put this in141801:34:48.960 --> 01:34:53.119your name because at one point theyhave to see that their solar. You141901:34:53.119 --> 01:34:56.279don't want them to overuse what thesolar is. So they still roll it142001:34:56.319 --> 01:34:59.359into their name and they're gonna beable to see how much you know,142101:34:59.399 --> 01:35:02.439they're getting credits where they don't haveto pay TEP. But say, you142201:35:02.479 --> 01:35:05.640know, things happen with runners,you know what I mean. They move142301:35:05.680 --> 01:35:09.960people in when they shouldn't, Theydo things that they probably shouldn't do.142401:35:10.199 --> 01:35:12.720So now they see, okay,well now I'm gonna have to pay for142501:35:12.760 --> 01:35:15.560this, you know, down theroad if I rack up too huge of142601:35:15.560 --> 01:35:17.000a bill. But at the endof the day, you could still say142701:35:17.079 --> 01:35:20.600Utilities Included, and you know,charge them an extra three hundred dollars four142801:35:20.680 --> 01:35:25.680hundred dollars for the inconvenience of youjust keeping it on your books, right,142901:35:26.119 --> 01:35:30.079So we went through kind of areal life scenario of what solar could143001:35:30.079 --> 01:35:32.800look when you're looking at a realhouse in the Tucson area. So if143101:35:32.800 --> 01:35:36.960you have any further questions you wanta proposal like this done for your own143201:35:38.039 --> 01:35:40.800house, you can give us acall. We'll get you in touch with143301:35:41.039 --> 01:35:45.000Zach again. Our number is fivetwo zero five four nine zero nine.143401:35:45.920 --> 01:35:49.000Obviously, Zach knows a lot aboutthis industry, a lot about the moving143501:35:49.239 --> 01:35:56.039parts and the complexities of solar,so there's many questions. He is happy143601:35:56.239 --> 01:35:59.720to sit down with you free consultationand give you all the information you need143701:35:59.760 --> 01:36:01.880to make the best decision for yourself. Yeah, definitely, And I mean143801:36:01.880 --> 01:36:04.520my goal is, you know,for you to commit to one of the143901:36:04.520 --> 01:36:10.640three things right. One recommitting tothe utility company and staying with that monopoly.144001:36:10.920 --> 01:36:13.239That's one option, because no matterwhat you're gonna have to pay for144101:36:13.279 --> 01:36:15.600electricity, you just should probably justdo it in a cheaper way. Or144201:36:15.640 --> 01:36:19.600two you're going to redirect your liabilityinto an asset and take control of your144301:36:19.640 --> 01:36:24.800future costs. Or three a situationwhere we try to get it approved and144401:36:24.840 --> 01:36:27.399you just don't, you know,you're not able to be approved for the144501:36:27.399 --> 01:36:30.000program. So that's great. Zach, thanks for coming on and give it144601:36:30.039 --> 01:36:32.359in touch with us if you wantto talk to him. That's the end144701:36:32.359 --> 01:36:36.880of our show. So be happy, be healthy, and let's all be profitable.