July 20, 2025

How AI, Crypto, and Tech Giants Are Shaping the Investment Landscape in 2025

How AI, Crypto, and Tech Giants Are Shaping the Investment Landscape in 2025
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How AI, Crypto, and Tech Giants Are Shaping the Investment Landscape in 2025
How AI, Crypto, and Tech Giants Are Shaping the Investment Landscape in 2025
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This week on the Money Matters Show, the Greenberg Financial Group team breaks down another fast-moving week across markets, politics, and technology—with sharp insight and straightforward analysis.
Topics include:

  • What new declassified document headlines could mean for markets and investor confidence
  • The growing impact of AI, robotics, and tech giants on portfolios and retirement planning
  • Major updates in crypto: stablecoin regulation, Bitcoin momentum, and long-term implications
  • Interest rates, inflation, and important changes coming to 401(k) plans
  • Housing trends, market volatility, and how to stay positioned in uncertain times
It’s a packed episode full of clear takeaways to help you invest wisely, manage risk, and stay ahead of the curve.
WEBVTT

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Good morning, everybody. Is that time Sunday morning, eight o'clock

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and it's the Money Matter Show with Dean Greenberg. We

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do appreciate the fact that you take your time to

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listen to what we have to say. We believe it's informative.

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We know it's straight talk, and we try to give

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you opinions, but we also always give you a solution

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of what we think can help things get better. Common

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sense approach, straightforward nobs. It's what we think, what we feel,

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and then what we do is try to figure out

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how we're going to make money for our clients in

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these economic times, political times, global influence times. Everything is

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influence on markets right now, and we just keep going higher.

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S and P was up point six percent this week.

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They're at one point five percent for the month, was

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up one point five percent for the week, up two

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point six percent of the month, up eight percent for

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the year. S and P is up seven percent for

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the year, so about equals the DAL kind of lagging

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only a four percent for the year, down point one

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percent for the week, and NAVEZAC was up, the Russell

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was down, and the equal weight SMP is down, so

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you know exactly what's going on again. The Nasdaq stocks,

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the top AI stocks are driving the market. Well, everybody

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else is trying to figure out where to go and

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what to do. Excuse me, I'm uncomfortable with the heights

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the market is. I like to see a three to

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five percent pullback. If that happens, I'd be very bullish.

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I do believe we're coming into a period of time

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of August, September, October, which usually struggle, not always, not always.

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If good things happen, they can happen, but there's we

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have to be almost perfect for the markets. They go

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much higher, they can, and they are, but a little

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pause here would make me feel much more comfortable to

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get set for not only the fourth quarter but all

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of next year. The surprising part is that earnings have

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been great, actually really good, better than expected. You remember

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how everyone said, oh, they're going to get hurt and

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people aren't going to spend money, and they're going to

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look out into the future and say the tariffs are

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going to hurt them. Well, guess what, they ain't happening.

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The inflation numbers came in when it was expected two

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point seven percent, a little bit higher than it was,

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but exactly what it was expected. So how much influence

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will these tariffs actually have are they even being implemented,

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We'll see. But if I'm uncomfortable with where the markets are,

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does that mean I sell everything? Absolutely not. What it

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means this is that I mitigate risk a little bit,

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which we started doing around the six thousand on the

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S and P and it's almost sixty two and change.

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But if I'm losing on my insurance to protect my portfolios,

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I'm making money on the rest. When you mitigate risk,

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you're not going to stop losing money. What you're going

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to do is lose less, but it's still going to

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put you in a position to make more, maybe just

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not as much. I'm okay with being comfortable that way.

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A lot of money that we manage for people and

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put plans together for people is their retirement. We're going

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to be conservative with their retirement money. We're going to

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mitigate risk when we think it's the right opportunity, and

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we'll get aggressive when we think it's time to get aggressive.

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But right now, it's not in my mind to get aggressive.

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If we do have a decline a pullback, I will

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get much more aggressive. And the reason being is I

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do think that we are in a philosophical industrial type

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change with technology. This is like the industrial revolution of

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the twenties. This is the technology second phase of the revolution.

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The first ones in the nineties with all the dot

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com companies and the Internet, and then we'll put the

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cherry on top of the whip cream was the smartphones

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with Apple, and that's what extended all these technology companies.

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And you saw the Googles, the Apples, the Metas, and

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then the video is coming out of nowhere making these

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huge moves. There will be companies like the quantum commuters

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and things like that that will turn out to be

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the Googles and all later on. But trying to pick

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which ones those are are very difficult. I'm very inclined

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to stay with the Navidias, the AMDs, the broadcom all

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the chip companies, the Googles, the Broadcoms, the Amazons, They're

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all doing great. The ones that I'm concerned about is Apple. Technically,

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it looks like you're seeing people sell down their positions,

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not all of it, but selling off. You see more

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money flowing out than flowing into Apple. As all these

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other stocks keep rising, you don't see Apple really trying

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to get past that. Two ten level. It is a

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concern to me, and I've thought about cutting back my position,

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and I probably will if it doesn't start to break

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out a little bit. Here they're a little bit behind

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the AI curve, which is where everyone's going and what's

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going on. Do I know what the next answer is

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and technology I don't. I just know that artificial intelligence

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is going to create a lot of things that we're

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going to want, and that's what's going to help us

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with productivity and keeping prices down over the next three, five,

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ten years, because once you pay for the computer, it's

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not an ongoing labor charge. But they're also going to

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become more residential and personal and not just commercial. No

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different than computers. It computers were first that you remember

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in the eighties and the nineties. They were for the

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big companies that were able to afford these big rooms

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to put these big computers in and be able to

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do a lot of math equations and figuring stuff out. Well,

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now they're going to use that for logistics and artificial

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intelligence and all the things that need to be done.

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But the next step here as we go, and this

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is why I'm saying this is a a A three

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five seven, ten, fifteen year move a robots, robotics, self

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driving cars. These are things that are going to change

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your lives, and they will get better and better and

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cheaper and cheaper as the years go on. I equate

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this a lot to the big screen flat TVs twenty

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years ago. When the flat TV's was first coming out.

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You know, to get a fifty inch TV that was

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big and it was expensive. Then the sixty five Wow,

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could you afford that? That was twenty five thirty thousand

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dollars when they were first coming out. Now look at

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the flat TVs. Look how great they've become. Four k

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a k HD. They're bright, there's one, they're thin, and

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you can pick them up for a good one for

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twenty five hundred dollars, an okay one for twelve hundred bucks.

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Fifty inch screens you can pick up for eight hundred,

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six hundred dollars. That's how I equate what's going to

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happen with the robotics of the future. In order to

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get to where that all is, you've got to build

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it out the infrastructure, and the infrastructure comes from all

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these big energy centers, the AI centers, these big these

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big places are doing which needs a lot of energy.

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So you have the cooling that goes into it, you

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got the chips that go into it, you got all that.

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So I'm not looking at who's constructing it from the

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concrete side. I'm looking at who's building the guts to

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it and what's that going to happen and where that's

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going to go. And it's the big companies that can

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afford these billions and billions of dollars to put towards

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hundreds of billions dollars towards these mediciners, these big, mega,

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mega centers that are going to produce what we need

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to continue to go forward to do what we're doing. Now,

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there's a downside to this, which you know we're all

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concerned about, is if everything is done by computer and all,

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what are we going to do about actually personalities, people

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talking to each other, people interacting. We're going to lose

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that personal relationship. So those of us that keep personal

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relationships and can still relate to people are going to

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be the ones that are the most successful. If you

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just behind and behind a computer screen, then it's going

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to be a problem. You know, I mean, look at

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the whole world of dating and mating and stuff. It's

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it's totally changed the amount of kids people want. I mean,

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you know, people have children because they want to have children,

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but that family like ideal is not as prevalent as

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it used to be. You know, the artificialness of dating

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on these apps, you're looking at pictures. Does that picture

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do something for me? And you're not get to know

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what's under the hood. You know, it's hard to get

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to know people. Love comes from what's inside, not what's

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on the app, just the outside. I mean, at the

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end of the day, there's a lot of great things

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that are going to happen, you know, And they always

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revert back to the Jetsons, which you don't think about it.

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In the sixties and the seventies. The Jetsons they had,

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they had robots that did the stuff around the house.

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They had cars. The only thing that they had they

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had those flying cars, which we have some but we're

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not there yet. But we're going to have automated cars

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by just having just get in the car and letting

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them take us someplace. But what they did have is

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the phones that you were able to see people through.

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We have that in our hands now. Think about all

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the stuff that they had that they put out there

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in the future that's now coming to fruition and where

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we're going to be in twenty five, fifty, one hundred

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years from now. Most of us aren't going to see that,

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but the generations behind us will get it, and they're

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not even going to understand what it's like. It's like

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us trying to think about what it was like to

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travel by horse and buggy and didn't have a car,

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well the first time they got into an airplane and

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the dangers from then compared to now and how fast

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cars go and electric cars. Now, this is the evolution

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we're in right now, people, and it's going to keep

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growing and it's going to keep going and going and

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going because people just keep building on what they see.

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So from that, what does that mean? That means I'm

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going to continue to stay invested in the in the

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big cap, large cap megacap companies that are going to

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one trillion, two trillion, three trillion, four trillion. So you

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need chips for that, you need you need you need

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computer time for that, you need people that are able

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to look at what the AI space is about and

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everything else. AI is not going to replace workers. It's

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going to replace work employees that don't know how to

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use AI. So if you want to keep a job,

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if you want to grow, if you want to make yourself,

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you know, to the point indispensable, start learning about artificial

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intelligence and how you can use it for your companies.

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You do that, you're gonna always have a job and

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it's gonna be great. Look at what Meta that Zuckerberg

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is paying to other people hundreds of millions of dollars

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bonuses just to come over. So instead of buying the

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entire company, he's saying, I don't need the whole company,

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I need the brain wave. And he's paying one hundred,

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one hundred and fifty two hundred million dollars to come

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over and work for Meta in the artificial intelligence area.

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That's incredible. So they're going to be building up these

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divisions where it all goes. I can't comprehend, but I

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know this. It's all going in the right direction. We

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just got to make sure that was restricted from it

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from the band stuff. We gotta restrict the band stuff.

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So there's gonna be a whole nother thing about how

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we're going to secure cybersecurity. And so those companies crowdstrikeing

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all they're gonna be immense. This is where you want

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to be putting money going forward, putting money in AT

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and T. Yeah, you're gonna get a nice dividend because

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everyone's got to use their phones and it's a cash flow,

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but you're not gonna make appreciation sitting there for a

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long time. Same thing with Verizon. Cable's not going to

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be that's what they were getting into cable. Streaming has

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surpassed it all. Everyone is learning how to use streaming,

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even us old people. Okay, you're able to flip around

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the TV with one little remote control from streaming service

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to streaming service to pick what you want. And if

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you don't even want to do that with your fingers,

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you just go ahead and head voice control and tell

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them what you want and it goes to that very

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very cool. Now, the people that in keep increasing the

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streaming the Wi Fi. There's businesses there because we're gonna

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need bandwidth. We're gonna need much faster and much better

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ways of doing it so it doesn't go down or

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interrupted as much as it does. What I'm doing is

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giving you my synopsis of where I think the next three, five, seven, ten,

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fifteen years are going and there'll be ups and downs twice.

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Now you've seen the video go way up and get

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cut down by thirty forty fifty and then come and

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then not only go past where they were, but then

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make up even more highs, new highs. And now they're

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back into China, they're able to sell their h two chips,

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the ones that aren't the blackwell but the little less

237
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than that. And you know what, all of a sudden,

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it's gone up and made brand new heighs again. And

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one day it's probably going to get to two hundred,

240
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and then it's going to break through two hundred and

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be a two hundred and fifty to three hundred dollars,

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and then we'll see how much more they can go.

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Because then I think that you got AMD that's catching them,

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then you got other chips in the business. I'm learning

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more and more about the chips. I'm talking to people

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that know a bunch about it, and we'll get to

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talk about it later on. Understand who you are, where

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you are, and you're investing to life. A lot of

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people have come in and their biggest thing is you

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00:16:38.879 --> 00:16:42.559
don't I've accumulated a lot of wealth over time, and

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I don't know how to deaccumulate it. I don't know

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how to live off this. I don't know how to

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change yet other than that, And if I stop working,

254
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what am I supposed to do? Or I have stopped

255
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working and all I do is pull it, I don't

256
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know how to set this up. That's what we do.

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We'll turn your aculated wealth into a systematic system for

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you to de accumulate it and live on it and

259
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feel comfortable and stress free. We somehow turn your your

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growth portfolio into a income producing type of pension for

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you for what we need. And then what if you

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don't using it all? Then you can have some growth

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on the other side still. But you know, you get older,

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but you really want is cash flow that's important to you.

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You know, you're sixty five, seventy years old. It's nice

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to still have growth if you haven't a lot of money.

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But where's that we're going to go. It's going to go,

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You're gonna give it away, You're going to give it

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in your estate and stuff like that. The chances are

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you're not going to need that much more money if

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you can turn it into an income stream that gives

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you more than the money you need. On a monthly basis,

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and if you can keep getting that check for the

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rest of your life. It's a bell curve sixty five

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to seventy and then all of seventy and then around

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seventy eight to eighty two you're topping out, or seventy

277
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five to eighty, and then the bell curve after eighty

278
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starts going down because you won't spend as much money.

279
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If you're lucky enough to have all your health, you're

280
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still going to do stuff, but you're still going to

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be more tired. Just talking to you straight up, you

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spend most of your money when you retire between the

283
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ages of sixty and seventy five years old. So if

284
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you're taken a little bit more than you need to,

285
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who cares. Because from seventy five to eighty you're going

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to spend lesson. From eighty to ninety you're going to

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spend even lesson. If you make it over ninety to

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one hundred, where you're going. You ain't going around the world.

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You're hopefully you're healthy enough to stay in your home

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and pay for someone to come in and help you.

291
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And that's it, that's realistic. That's the life it is now.

292
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You have to set up and plan for that. And

293
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if your people that want to travel around the world,

294
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then you got to set up for that. If your

295
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people that don't want to go do anything and sit

296
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home and have hobbies, you got to set that up.

297
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You got to make sure that you're in position to

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do the things you want to do to enjoy the

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rest of your life. I've seen so many people that

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retire have nothing to do, and the retirement years don't

301
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last very long. Don't get bored. Your portfolios are there

302
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for you to be able to access to enjoy your life,

303
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to do the things you need to do. And we

304
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can set the portfolio up with what your mindset is

305
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there and we'll tell you if it's not. If you

306
00:19:54.359 --> 00:19:56.240
have a half a million dollars and you say I

307
00:19:56.279 --> 00:19:58.519
want to take out one hundred thousand dollars a year,

308
00:19:58.759 --> 00:20:03.200
it ain't happening. It could, but you're gonna run out

309
00:20:03.240 --> 00:20:06.799
of money in seven eight years. But if you have

310
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another way to do something, and okay, if that's your plan,

311
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but if you need it to last her whole life,

312
00:20:12.839 --> 00:20:17.359
you gotta find a better income stream. So let's wrap

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this whole thing up and understand where we are right now.

314
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Whether you like President Trump or not, it doesn't really matter.

315
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But I understand and accept the fact that things that

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he're getting done right now is gonna make this economy

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take off. You remember just two or three months ago how

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everybody was just bashing them because the markets were going

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down when he first announced taris. You realize that they're

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making new highs now and you don't hear a peep

321
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out of the left, not a peep. People got scared,

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and the more you hated Trump, the more you got scared.

323
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And how horrible it was. Well, you also realize it

324
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comes back up. No different when the markets fell with Biden,

325
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I said, the markets will come back up despite in

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spite of them. It happens because eventually we figure it out,

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whether it's a Democrat or a public Republican, we figure

328
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it out to grow the economy, because we know if

329
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we don't grow the economy, if we're not always growing,

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we're going to go bankrupt. We're finally finally looking at

331
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stopping spending, we're looking at fraud, we're looking at taking

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away things that don't belong to people and keep it

333
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for us. But the biggest turnaround, and everyone was saying

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for how long has Trump been in the pocket of

335
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Putin and Putin? Well, you know what, think about this

336
00:21:41.599 --> 00:21:44.000
situation right now where he just says, you know what,

337
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he ain't cooperating. Basically, he's saying he's lying, and we're

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going to do something about it. Now, NATO's going to

339
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get behind Ukraine and we're going to go ahead and

340
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put the pressure on Russia. So don't tell me has

341
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anything to do with being in his pocket. Okay, nobody

342
00:22:04.440 --> 00:22:06.599
wanted to look at Biden and being in China's pocket

343
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or Ukraine's pocket and where he's making on getting all

344
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these millions of dollars, but everyone always wanted to go

345
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ahead and blame Trump to be with Russia. At the

346
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end of the day, look what he's doing. He put

347
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pressure on Iran. Something good's gonna happen from there. Okay, Israel. Yes,

348
00:22:28.359 --> 00:22:30.960
there's some blow ups here and there, but there were

349
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working towards peace there. We're working for peace everywhere. So

350
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just think where there's not even six months in office,

351
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Think about where we're gonna be in another year from now.

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I'm gonna bet we're gonna be in less wars, if

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if none, we're gonna put him more peace in the

354
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Middle East as we go through. The terrifts are going

355
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to betterfit us, which they've already done by one hundred

356
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billion dollars in a very short period of time. And

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regulations are gonna get cut and make it easier for

358
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businesses to be able to participate in growth. And it's

359
00:23:12.480 --> 00:23:15.640
going to be capitalism at its best. It's going to

360
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go ahead and help the markets. And some of the

361
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things he's talking about with giving money to new babies

362
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and putting stuff away and thousand dollars here in stock

363
00:23:25.440 --> 00:23:29.319
indexes is only going to buoyant the markets. I've always

364
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said that's the way we need to turn and make

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a plan for social security down the road where people

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can have their own access their own social security by

367
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putting their own money away and the employee puts the

368
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money away with the employer and it grows for them

369
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with restrictions. Same thing. But the thing I'd love to

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see more than anything is a one hundred percent get

371
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together Congress and let's have an immigration policy. We shut

372
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down the border. The next thing to do is what

373
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do we do with the people that have been here

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ten twenty thirty years. Let's make them productive. The good people.

375
00:24:08.240 --> 00:24:10.480
It's a lot of great people. We all agree with that.

376
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Let's get rid of the criminals, keep the good ones,

377
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and let's give them a path to citizenship down the

378
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road ten, twelve, fifteen years. I don't care what it

379
00:24:19.039 --> 00:24:22.960
is down the road, so we can all grow together.

380
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I'll be right back. It's the Money Mount of Show.

381
00:24:26.240 --> 00:24:29.720
Thank you for listening. Welcome back everybody. It's the Money

382
00:24:29.720 --> 00:24:33.680
Matter Show. We got Dave Dylan, Sebastian Todd for a

383
00:24:33.720 --> 00:24:36.920
little bit and myself to bring you all the information

384
00:24:37.079 --> 00:24:39.960
we know to try to help you get through another week.

385
00:24:40.319 --> 00:24:42.079
And Todd's trying to get out of here to sedonas.

386
00:24:42.079 --> 00:24:44.400
So we want to talk a little bit about crypto

387
00:24:44.640 --> 00:24:46.319
because there was a busy week for crypto.

388
00:24:46.799 --> 00:24:49.480
Yeah, I mean Bitcoin right now it's around one hundred

389
00:24:49.519 --> 00:24:51.640
and seventeen thousands traded off if it's a high of

390
00:24:51.680 --> 00:24:54.000
one hundred and twenty three. But some other coins have

391
00:24:54.079 --> 00:24:57.799
been getting a lot of attentions to Ethereum has been

392
00:24:58.079 --> 00:25:01.519
out pacing Bitcoin over the last couple of months on

393
00:25:01.559 --> 00:25:04.440
its return, as well as other coins like Ripple and

394
00:25:04.559 --> 00:25:07.480
Solana has been getting some attention as well. A lot

395
00:25:07.480 --> 00:25:09.839
of it this week is because of the legislation that

396
00:25:09.920 --> 00:25:11.799
has been coming out with One of them is the

397
00:25:11.839 --> 00:25:14.799
Genius Act we saw that was signed into law today

398
00:25:14.839 --> 00:25:18.160
on Friday, and it established the first US federal framework

399
00:25:18.200 --> 00:25:22.000
for stable coins. It requires full reserve backing, monthly audits,

400
00:25:22.039 --> 00:25:25.039
and AML KYC rules. Basically just introduces them to the

401
00:25:25.039 --> 00:25:28.079
traditional finance KYC that we all have to do in

402
00:25:28.079 --> 00:25:28.720
our industry.

403
00:25:28.839 --> 00:25:30.839
Okay, so what what's going to be backing it?

404
00:25:31.759 --> 00:25:32.559
Well, it's a treasure.

405
00:25:33.160 --> 00:25:34.839
It's one to one backing.

406
00:25:34.640 --> 00:25:35.920
For cash treasuries.

407
00:25:36.000 --> 00:25:37.519
Yeah, so that's how stable coins work.

408
00:25:37.599 --> 00:25:40.720
Like Circle, for example, which just ipodic a month ago,

409
00:25:40.920 --> 00:25:43.079
which is an absolutely crazy IPO. I mean I think

410
00:25:43.119 --> 00:25:45.400
that's up one hundred and fifty percent. Well actually iPod

411
00:25:45.400 --> 00:25:47.640
at forty and now it's like two thirty or something.

412
00:25:47.720 --> 00:25:49.279
But Circle, what they.

413
00:25:49.160 --> 00:25:51.759
Do is they'll when you give them a dollar, they

414
00:25:51.759 --> 00:25:53.960
take that same dollar and buy a US Treasury. Well

415
00:25:54.039 --> 00:25:56.279
what does the US Treasury do? It kicks off interest.

416
00:25:56.559 --> 00:25:57.559
That's what they make.

417
00:25:57.799 --> 00:26:00.240
And if stable coin does not kickoff entry.

418
00:26:00.119 --> 00:26:02.480
Right, the sable coin just acts as a dollar. It

419
00:26:02.519 --> 00:26:05.440
acts as a utility transfer. And why most people in

420
00:26:05.480 --> 00:26:06.400
America don't see.

421
00:26:06.279 --> 00:26:07.640
The purpose or value of this.

422
00:26:07.799 --> 00:26:10.400
But what people don't realize in other country is getting

423
00:26:10.400 --> 00:26:13.039
a hold of a dollar is very difficult and having

424
00:26:13.079 --> 00:26:15.839
access to stable coins allows people in other countries to

425
00:26:15.880 --> 00:26:19.400
get access to dollars very easily, and they're okay with

426
00:26:19.480 --> 00:26:22.440
giving out that interest arbitrage to a company like Circle

427
00:26:22.440 --> 00:26:25.680
and the other more used stable coin is actually called

428
00:26:25.720 --> 00:26:29.000
tether and that's actually twice the size of circles USDC

429
00:26:29.400 --> 00:26:30.000
stable coin.

430
00:26:30.640 --> 00:26:35.599
I'm still confused. There's no way somebody that is going

431
00:26:35.640 --> 00:26:38.599
to go ahead and say the euro, which is one seventeen,

432
00:26:39.359 --> 00:26:41.240
say oh, just give me, I'll give you one hundred

433
00:26:41.279 --> 00:26:42.640
and seventeen. Just give me a dollar.

434
00:26:43.200 --> 00:26:46.640
No, no, no, no, So it's what you are.

435
00:26:46.759 --> 00:26:49.400
You're going into the dollar for the same exchange rate

436
00:26:49.440 --> 00:26:51.119
that you would is if you're going into a euro

437
00:26:51.279 --> 00:26:54.119
into a dollar. The stable coin is the same value

438
00:26:54.160 --> 00:26:54.759
as a dollar.

439
00:26:55.720 --> 00:26:58.720
So does the stable coin now down the road become

440
00:26:58.720 --> 00:26:59.880
the currency for the world.

441
00:27:00.240 --> 00:27:04.880
It becomes very easy for anything that's digital. And if

442
00:27:04.920 --> 00:27:06.720
you think the world's going to continue to go into

443
00:27:06.759 --> 00:27:09.599
the digital world, yes, And that's why.

444
00:27:09.559 --> 00:27:12.359
They're talking about the critics are talking about how Amazon

445
00:27:12.359 --> 00:27:14.440
and Walmart, for example, they could come up with their

446
00:27:14.480 --> 00:27:16.799
own stable coin to use for their own currency. And

447
00:27:16.799 --> 00:27:19.039
then they're saying there's gonna be shadow banking and all

448
00:27:19.039 --> 00:27:21.000
this stuff, and that's why people were against it.

449
00:27:21.359 --> 00:27:21.920
But it's idea.

450
00:27:21.960 --> 00:27:23.119
Think about what gift cards are.

451
00:27:23.440 --> 00:27:26.319
Okay, but so say Walmant does it? Who's backing that

452
00:27:26.359 --> 00:27:26.880
one to one?

453
00:27:27.319 --> 00:27:28.920
Who backs the gift card the Walmart?

454
00:27:29.039 --> 00:27:29.440
Yeah?

455
00:27:29.519 --> 00:27:32.240
Right, I mean you you know then.

456
00:27:31.079 --> 00:27:35.079
That then obviously that what that stable coin will not

457
00:27:35.200 --> 00:27:37.839
be as safe as the treasury stable coin.

458
00:27:37.960 --> 00:27:39.480
Well, it depends on what the backing is.

459
00:27:39.519 --> 00:27:41.839
Yeah, but if they back it with treasuries themselves, and

460
00:27:41.920 --> 00:27:44.279
it's the same thing like todd saying, you buy a

461
00:27:44.279 --> 00:27:47.039
twenty five dollars gift card from Walmart, you give them cash.

462
00:27:47.440 --> 00:27:49.319
You give them twenty five dollars cash. That's the backing

463
00:27:49.359 --> 00:27:49.559
of it.

464
00:27:49.680 --> 00:27:50.920
And imagine if you're Amazon.

465
00:27:51.079 --> 00:27:54.000
Think about it if you're Amazon, though, But if you're Amazon,

466
00:27:54.039 --> 00:27:55.960
for example, you could say, hey, give me one hundred dollars.

467
00:27:55.960 --> 00:27:58.720
I'll give you one hundred dollars credit and maybe some discounts.

468
00:27:58.759 --> 00:28:00.480
And while you gave that one hundred dollars to Amazon,

469
00:28:00.680 --> 00:28:03.039
they can either reinvest that money or they can just

470
00:28:03.039 --> 00:28:06.119
sit in treasuries and earn that interest off that while.

471
00:28:05.920 --> 00:28:09.000
You haven't spent it yet. Same for gift card exactly.

472
00:28:09.079 --> 00:28:10.960
But it makes it a lot more easily because I

473
00:28:10.960 --> 00:28:13.000
can now buy a dollar versus a stable coin. You

474
00:28:13.039 --> 00:28:14.960
can't really buy a dollar worth of a gift card.

475
00:28:15.039 --> 00:28:16.559
So you just get rid of the gift cards and

476
00:28:16.599 --> 00:28:17.759
now it's stable coins.

477
00:28:18.079 --> 00:28:20.359
And that's just one use case, and that's really the

478
00:28:20.400 --> 00:28:21.400
only use CASEE had.

479
00:28:21.519 --> 00:28:24.079
Is a much bigger thing here. I'm just wondering international.

480
00:28:24.319 --> 00:28:26.599
It would be really easy. I mean since I you know,

481
00:28:26.640 --> 00:28:29.359
it was traveling all there trying to exchange dollars there,

482
00:28:29.359 --> 00:28:31.279
and we got whipped off one day. Oh my god,

483
00:28:31.279 --> 00:28:33.279
did we get hipped off? Because it used to be

484
00:28:33.319 --> 00:28:35.200
you can go to the exchange places, because you can't

485
00:28:35.200 --> 00:28:39.079
go to a bank over there unless you're a citizen. Okay, okay,

486
00:28:39.240 --> 00:28:41.079
So we used to go to the exchange places. That's

487
00:28:41.079 --> 00:28:44.559
where you got the best exchange. They killed us. We

488
00:28:44.599 --> 00:28:46.799
didn't even see it. They got the whole thing. And

489
00:28:46.799 --> 00:28:50.200
then when we're done and said they took twenty percent commission,

490
00:28:50.200 --> 00:28:53.240
and we're like, what are you talking about? Where is this?

491
00:28:53.519 --> 00:28:56.440
And they point to a little little thing they had

492
00:28:56.440 --> 00:28:59.519
in the window. We said, let us go ahead, and

493
00:28:59.519 --> 00:29:02.240
I want to cancel this. Then they point to the

494
00:29:02.279 --> 00:29:07.160
other part and says, all trans I swear to God,

495
00:29:07.319 --> 00:29:10.799
I gave them. I gave them fifteen hundred dollars, right,

496
00:29:10.880 --> 00:29:11.960
fifteen hundred dollars.

497
00:29:12.000 --> 00:29:12.839
Yeh twelve hundred.

498
00:29:13.839 --> 00:29:15.519
Oh when you were done, I've even close.

499
00:29:15.680 --> 00:29:16.640
Well that's twenty percent.

500
00:29:17.519 --> 00:29:20.759
No, that was the commission on top of the exchange

501
00:29:20.839 --> 00:29:27.079
rate of seventeen percent. I got eight hundred and some

502
00:29:27.200 --> 00:29:27.920
on dollars.

503
00:29:28.359 --> 00:29:29.839
But that's not an uncommon thing.

504
00:29:29.880 --> 00:29:31.680
I mean, think about people who are like working in

505
00:29:31.680 --> 00:29:33.960
this country sending money back to their relatives in other

506
00:29:34.000 --> 00:29:37.319
countries and that Western Union tax. I mean, if you're

507
00:29:37.359 --> 00:29:40.160
instead being able to just convert it into USDC and

508
00:29:40.200 --> 00:29:43.680
send that to their crypto coin whilet over there a

509
00:29:43.680 --> 00:29:44.279
lot easy.

510
00:29:44.279 --> 00:29:46.880
RP is taken off to it, which is Ripple right

511
00:29:47.079 --> 00:29:49.640
the digital stamp on it, but you can change it

512
00:29:49.680 --> 00:29:52.160
in currency is much easier and quicker.

513
00:29:52.200 --> 00:29:54.440
And they applied for a bank charter as long withst

514
00:29:54.480 --> 00:29:58.359
stable coin circle. So those are the two cryptocurrencies, and

515
00:29:58.480 --> 00:30:00.599
Ripple really taking off. I mean that things up like

516
00:30:00.640 --> 00:30:02.720
one hundred percent in the last couple of months.

517
00:30:02.720 --> 00:30:05.680
So eventually there's no regulation on this, which they say

518
00:30:05.680 --> 00:30:07.079
they have, they're going to need it. But that's what

519
00:30:07.119 --> 00:30:10.119
this could be, the collapse like we saw of nineteen Oh.

520
00:30:10.200 --> 00:30:12.960
That's what the Genius Act is. It's regulation.

521
00:30:13.319 --> 00:30:15.400
They have to do it, they have to regulate it.

522
00:30:15.400 --> 00:30:17.960
It was just signed into law on July eighteen today.

523
00:30:18.680 --> 00:30:21.039
So that's that's the big news that has helped all

524
00:30:21.119 --> 00:30:24.279
this thing. And there's a couple others that I can't

525
00:30:25.000 --> 00:30:27.960
come off the top of my head. There's there's one

526
00:30:28.039 --> 00:30:31.079
other crypto Act that they didn't really get as much

527
00:30:31.119 --> 00:30:31.759
backing behind.

528
00:30:31.920 --> 00:30:34.799
I think last week Jamie Diamond spoke for all of

529
00:30:34.880 --> 00:30:38.119
us of a certain age when he said he doesn't

530
00:30:38.160 --> 00:30:40.559
get the appeal of stable coin, but he also can't

531
00:30:40.599 --> 00:30:43.920
afford to stay on the sidelines. JP Morgan Chase announced

532
00:30:43.960 --> 00:30:46.960
that it'll launch a limited version of stable coin that

533
00:30:47.119 --> 00:30:50.119
only works for JP Morgan clians. She says, we're going

534
00:30:50.200 --> 00:30:52.960
to be involved in both JP Morgan deposit coins and

535
00:30:53.079 --> 00:30:56.480
stable coins to understand it and to get good at it.

536
00:30:56.920 --> 00:31:00.680
Diamond says, I think they're real, but I don't understand

537
00:31:00.720 --> 00:31:03.359
why anyone would use a stable coin as opposed to

538
00:31:03.359 --> 00:31:07.799
a payment and I really liked this as opposed to cash.

539
00:31:08.000 --> 00:31:08.400
Oh yeah.

540
00:31:08.480 --> 00:31:10.799
One other thing I liked about another act was the

541
00:31:10.799 --> 00:31:14.240
Digital Asset Market Clarity Act, And it has the SEC

542
00:31:14.799 --> 00:31:19.240
being the oversight organization, a regulatory body for tokens that

543
00:31:19.279 --> 00:31:22.960
are deemed securities. And then the CFTC is the primary

544
00:31:22.960 --> 00:31:27.440
overseer for decentralized digital commodities. So there is regulatory bodies

545
00:31:27.440 --> 00:31:28.400
that are stepping into.

546
00:31:28.319 --> 00:31:30.079
Actually get a coin like a gold coin.

547
00:31:30.680 --> 00:31:33.319
No no, no, it's a token, just like it's just

548
00:31:33.319 --> 00:31:34.039
like when you log.

549
00:31:33.920 --> 00:31:37.599
Into your yeah, so so, but we already have stuff

550
00:31:37.640 --> 00:31:41.400
like that with venmow. How much different does this and

551
00:31:41.480 --> 00:31:42.519
why is it so different?

552
00:31:42.920 --> 00:31:45.519
Todd said, because of access? Go ahead time right.

553
00:31:45.559 --> 00:31:47.920
And it's because of access. Other people in other countries

554
00:31:47.920 --> 00:31:50.720
don't have ZEL, right. They don't have the access to

555
00:31:50.799 --> 00:31:52.839
a digital dollar the way we do. They don't have

556
00:31:52.839 --> 00:31:54.920
access to US banks that have ZEL to have US

557
00:31:55.000 --> 00:31:57.599
dollars in the first place. And we're only three hundred

558
00:31:57.640 --> 00:32:00.400
million of the eight billion that all want dollars. Everyone

559
00:32:00.400 --> 00:32:03.079
wants a dollar because the most valuable currency compared to

560
00:32:03.119 --> 00:32:04.680
all the other terrible currents.

561
00:32:04.759 --> 00:32:06.319
When I ran out of euros, I said, will you

562
00:32:06.359 --> 00:32:07.799
take dollars ago, of course we will.

563
00:32:08.960 --> 00:32:11.799
And the other big act was the Anti CBDC Surveillance

564
00:32:11.839 --> 00:32:13.640
State Act, And that's what we all can clap our

565
00:32:13.680 --> 00:32:16.279
hands behind, because we definitely don't want a CBDC that

566
00:32:16.359 --> 00:32:18.680
they can surveil all of our transactions. They could set

567
00:32:18.799 --> 00:32:22.759
individual monetary interest rates for each individual person. If one

568
00:32:22.759 --> 00:32:25.799
person's bad, you set a higher I mean it's dystopian

569
00:32:26.079 --> 00:32:26.640
times too.

570
00:32:26.680 --> 00:32:29.519
I mean it's really what you're saying is a stable

571
00:32:29.519 --> 00:32:33.720
coin probably doesn't have probably has limited usage in the

572
00:32:33.799 --> 00:32:35.599
United States. Is that accurate?

573
00:32:35.680 --> 00:32:38.359
Yeah, unless it's like a mare company basis, or maybe

574
00:32:38.359 --> 00:32:40.920
I'm not seeing something. But I think on international level

575
00:32:40.960 --> 00:32:41.480
it's huge.

576
00:32:41.519 --> 00:32:44.400
Here's the eight hundred pound gorilla in that in the room.

577
00:32:44.720 --> 00:32:47.799
In order to access stable coin, because it is a

578
00:32:47.880 --> 00:32:50.200
digital currency, you need to have a computer and you

579
00:32:50.240 --> 00:32:51.119
need to have Wi Fi.

580
00:32:52.039 --> 00:32:54.039
That's increased. I mean, if you've ever seen a third

581
00:32:54.039 --> 00:32:55.960
world country, people don't have refrigerators, but they have a

582
00:32:55.960 --> 00:32:58.240
smartphone in their hands. Yeah, you know what I mean,

583
00:32:58.640 --> 00:33:01.440
somehow they're finding connection. The star Link right now is

584
00:33:01.480 --> 00:33:06.200
really becoming excessively stalling. I really don't think the Internet

585
00:33:06.440 --> 00:33:08.880
is in much of a problem, but that as to

586
00:33:08.920 --> 00:33:10.720
your point day, that's one of the reasons that people

587
00:33:10.720 --> 00:33:13.240
are saying the Medicare Act, that they cut out that

588
00:33:13.240 --> 00:33:15.640
Medicare and now people have to report that they did

589
00:33:15.720 --> 00:33:17.960
the twenty hours. Well, they don't have access to internet.

590
00:33:17.960 --> 00:33:19.640
How are they going to be able to report it?

591
00:33:19.680 --> 00:33:21.799
Seems like most people these days have access.

592
00:33:22.160 --> 00:33:25.119
Seems like most people have a smartphone at least. I

593
00:33:25.119 --> 00:33:29.880
mean I see the homeless veers walking around town with

594
00:33:29.920 --> 00:33:30.359
cell phones.

595
00:33:30.480 --> 00:33:30.640
Right.

596
00:33:30.680 --> 00:33:32.839
Well, then didn't Obama give out a whole bunch of

597
00:33:32.839 --> 00:33:33.480
cell phones?

598
00:33:34.759 --> 00:33:36.680
I think my pastor, my pastor was.

599
00:33:37.359 --> 00:33:40.319
I think Biden had that the cell phones they gave

600
00:33:40.359 --> 00:33:41.240
him aount a fe years ago.

601
00:33:41.839 --> 00:33:44.559
Yeah, who pays the monthly bill? I guess if you

602
00:33:44.599 --> 00:33:46.640
have one of those phones that already paid government.

603
00:33:48.000 --> 00:33:50.519
My my, they got. The pastor of my church was

604
00:33:50.559 --> 00:33:53.759
the pastor on the White Mountain Reservation, and he said

605
00:33:53.759 --> 00:33:55.960
when that when Biden came in, he said, I knew

606
00:33:56.319 --> 00:33:58.599
immediately what happened because all the flip phones went to

607
00:33:58.759 --> 00:34:03.039
smartphones all all of a sudden, everybody had a smartphone

608
00:34:03.720 --> 00:34:04.960
when before they had foot phones.

609
00:34:05.079 --> 00:34:08.199
So Jerome's not gonna get fired Jerome.

610
00:34:08.239 --> 00:34:11.840
Well, you know, Donald thinks Jerome is absolutely the worst

611
00:34:12.199 --> 00:34:15.559
Federal Reserve chairman ever, and he would love to get

612
00:34:15.639 --> 00:34:18.960
rid of him. And I cannot even believe who brought

613
00:34:19.000 --> 00:34:24.000
him into the government. Do you remember, Yeah, how about Trump? Hey, Trump,

614
00:34:24.000 --> 00:34:29.320
he's you're appointee. Okay, you appointed Jerome Paul. I don't

615
00:34:29.320 --> 00:34:33.199
know that Donald even remembers that he appointed me Jerome Paul.

616
00:34:33.360 --> 00:34:37.079
And kind of like Musk, right then the whole brujja

617
00:34:37.119 --> 00:34:40.559
with Musk. You brought him into the government. Donald, You're

618
00:34:40.599 --> 00:34:42.880
the one that brought him in. Maybe Trump needs to

619
00:34:42.880 --> 00:34:45.320
be a litle bit more selective about his friends, huh.

620
00:34:45.360 --> 00:34:46.760
You know, I think at the end of the day,

621
00:34:46.760 --> 00:34:49.039
that just proves that he isn't the one that really

622
00:34:49.079 --> 00:34:51.199
makes the decision. You think he is, but he's not.

623
00:34:51.639 --> 00:34:54.159
He's relying on all these other people to put people in,

624
00:34:54.199 --> 00:34:55.760
and then when they don't work out, he's goes, who

625
00:34:55.760 --> 00:34:56.119
did this?

626
00:34:56.360 --> 00:34:59.039
Well, Yeah, how could he possibly know? I can't all

627
00:34:59.119 --> 00:35:00.000
he qualified people.

628
00:35:00.119 --> 00:35:01.880
He knows his vice president, you know, and he knows

629
00:35:01.920 --> 00:35:04.320
people you know in his cabinet. Sure, but you know

630
00:35:04.360 --> 00:35:05.800
the rest of them's very difficult.

631
00:35:06.039 --> 00:35:08.920
No, absolutely, but it's hilarious to hear him talk about

632
00:35:08.920 --> 00:35:11.559
the worst federals or chairman ever and then he remember

633
00:35:11.599 --> 00:35:13.199
that he's the one that appointed him.

634
00:35:13.559 --> 00:35:15.639
But I think with bitcoin, I still think like one

635
00:35:15.760 --> 00:35:19.960
thirty four, one fifty after that. You probably you don't

636
00:35:19.960 --> 00:35:21.679
think he's going to a million. Come on, well go

637
00:35:21.760 --> 00:35:25.159
to a million by twenty thirty five. That's that's down

638
00:35:25.199 --> 00:35:27.679
the road, Dave. We're talking about short term traders here.

639
00:35:27.840 --> 00:35:30.280
Yeah, I get it, I get it. It's where we're

640
00:35:30.480 --> 00:35:32.960
We're coming down to the end of this segment. Mister Greenber,

641
00:35:33.000 --> 00:35:33.599
you want to take it out?

642
00:35:33.679 --> 00:35:36.199
Yeah, we ah, Well, we appreciate you listening. We got

643
00:35:36.199 --> 00:35:38.400
a lot more to talk about, so stay tuned and

644
00:35:38.480 --> 00:35:41.280
stay on, and we're going to give you some great ideas.

645
00:35:41.320 --> 00:35:45.039
Thanks for listening. Welcome back, everybody. This is a Dean.

646
00:35:45.159 --> 00:35:48.440
I got Dave, Dylan and Sebastian here to take us

647
00:35:48.440 --> 00:35:49.599
to the rest of the show.

648
00:35:49.679 --> 00:35:52.000
Appreciate Todd dropping by on his way out of town

649
00:35:52.039 --> 00:35:55.639
to give us a little crypto update. Man knows crypto

650
00:35:55.719 --> 00:35:57.960
better than the rest of us. Oh yeah, and uh,

651
00:35:58.360 --> 00:36:00.039
for those of you that have no interesting crypto do

652
00:36:00.159 --> 00:36:01.400
we apologize for the last segment.

653
00:36:03.199 --> 00:36:06.320
Yeah, but remember whatever we talk about in the show,

654
00:36:06.400 --> 00:36:10.159
Guy's had some type of risk. Okay, everything has some

655
00:36:10.239 --> 00:36:12.159
type of risk, whether we talk about it or someone

656
00:36:12.199 --> 00:36:15.000
else talks about it, whatever, and you need to understand it.

657
00:36:15.360 --> 00:36:20.920
You know. Greenberg Financial Group is a registered in advisory.

658
00:36:21.039 --> 00:36:24.920
We work on fee based business and we have opinions.

659
00:36:25.840 --> 00:36:28.960
Everything we do has some type of risk. Obviously there's

660
00:36:28.960 --> 00:36:32.280
a low risk and high risk. You understand. We have

661
00:36:32.320 --> 00:36:34.599
to figure out what's best for you and your portfolio.

662
00:36:34.880 --> 00:36:37.039
But if we're not managing it, if we're not part

663
00:36:37.079 --> 00:36:39.760
of you, you also have to understand it when you're

664
00:36:39.800 --> 00:36:42.880
going out and doing yourself, So be careful about it.

665
00:36:42.920 --> 00:36:45.800
Everything has risk, and we highly suggest you understand the

666
00:36:45.880 --> 00:36:48.360
risk before you do any investing.

667
00:36:48.480 --> 00:36:50.480
And we always say nothing we mentioned on the show

668
00:36:50.519 --> 00:36:52.880
is because as a recommendation for you, we don't know

669
00:36:52.920 --> 00:36:56.000
your risk tolerance, we don't know your investment objectives. We're

670
00:36:56.000 --> 00:36:58.239
talking about a lot of different investments, a lot of

671
00:36:58.280 --> 00:37:02.840
different things there. None of that is specifically targeted for you.

672
00:37:03.199 --> 00:37:05.519
None of them. Are we saying this is something you

673
00:37:05.559 --> 00:37:06.039
need to buy.

674
00:37:06.159 --> 00:37:07.920
Yeah right now though, with the market set at all

675
00:37:07.960 --> 00:37:11.039
time highs and they're still uncertainty with how much Terriff's

676
00:37:11.039 --> 00:37:14.039
and all that, the terrafts are ever changing, and it's

677
00:37:14.119 --> 00:37:17.159
a good time to double check your risk tolerance because

678
00:37:17.199 --> 00:37:19.159
it's easy to just say I want everything, I want

679
00:37:19.199 --> 00:37:21.320
to be as aggressive as possible when the market's growing up,

680
00:37:21.960 --> 00:37:24.400
But we could easily see a downturn like we've seen before,

681
00:37:24.599 --> 00:37:26.440
and it could turn quick, and it can turn aggressive,

682
00:37:26.480 --> 00:37:29.039
and then all of a sudden, you're dropping more than

683
00:37:29.079 --> 00:37:32.960
you can stomach. So it's a time to check yourself

684
00:37:33.039 --> 00:37:35.440
on your risk and make sure you are in line

685
00:37:35.480 --> 00:37:37.679
with what your long term goals are. That's ultimately what

686
00:37:37.760 --> 00:37:41.079
it is, because short term hiccups like we saw April,

687
00:37:41.280 --> 00:37:43.519
there's about a month, about a half a month worth

688
00:37:43.559 --> 00:37:45.119
of downturn, and then the markets are up at all

689
00:37:45.159 --> 00:37:48.119
time highs three months later. So if you're in line

690
00:37:48.159 --> 00:37:51.039
with your long term goals, then you're okay. But if

691
00:37:51.039 --> 00:37:53.440
you haven't checked that in a while, it's a time

692
00:37:53.440 --> 00:37:56.000
to check this now rather than when the markets are down,

693
00:37:56.000 --> 00:37:58.000
because then that's when the emotions kick in and you

694
00:37:58.039 --> 00:37:59.800
get even more scared and want to sell everything.

695
00:38:00.119 --> 00:38:03.119
And with the NASDAG now forty percent from the April

696
00:38:03.199 --> 00:38:06.360
lowe literally in a straight line, it seemed like just

697
00:38:06.599 --> 00:38:10.679
throw dark by anything technology related and you're going to

698
00:38:10.719 --> 00:38:11.440
be just fine.

699
00:38:11.480 --> 00:38:13.599
Well, we saw that and we've talked about it before

700
00:38:13.679 --> 00:38:15.800
and after March of twenty twenty, when those hit the

701
00:38:15.800 --> 00:38:17.679
lows all of a sudden, the markets just went straight

702
00:38:17.719 --> 00:38:20.960
up pretty much from that time in twenty twenty through

703
00:38:21.000 --> 00:38:24.199
twenty twenty one, and then we got hit hard in

704
00:38:24.239 --> 00:38:26.280
twenty twenty two, and that's when a lot of people

705
00:38:26.280 --> 00:38:28.360
started freaking out because they didn't know where to turn

706
00:38:28.400 --> 00:38:30.840
because the bomb market got hit, the equity market got hit.

707
00:38:31.079 --> 00:38:32.960
The risk tollers was too strong because for a year

708
00:38:32.960 --> 00:38:35.239
and a half it was just throw a dart and

709
00:38:35.599 --> 00:38:38.320
pick right. Now, all of a sudden, it's not and

710
00:38:38.360 --> 00:38:41.000
they got to actually redo everything, and they're nervous. They

711
00:38:41.000 --> 00:38:43.360
want to sell at the lows, and when you're selling

712
00:38:43.360 --> 00:38:44.760
it the lows, then you realize it and then you

713
00:38:44.840 --> 00:38:47.719
kick yourself later. So get ahead of the ball, get

714
00:38:47.719 --> 00:38:50.000
ahead of the game in checking your risk. If you

715
00:38:50.039 --> 00:38:52.159
haven't ever done a financial plan, come do a financial

716
00:38:52.159 --> 00:38:52.760
plan with us.

717
00:38:53.119 --> 00:38:56.000
We always say it's free. We do it to help.

718
00:38:56.199 --> 00:38:57.679
We want to get you in line with what your

719
00:38:57.679 --> 00:39:00.920
long term goals are so we can help you. Sounds

720
00:39:00.960 --> 00:39:02.440
like the NFL is coming back.

721
00:39:04.000 --> 00:39:05.559
On the On the last segments, you guys were talking

722
00:39:05.599 --> 00:39:07.239
about the stable coins. I just wanted to give one

723
00:39:07.239 --> 00:39:10.639
little thing of input. The gift cards, for example, you

724
00:39:10.639 --> 00:39:13.079
guys are using telling telling. That is a use case

725
00:39:13.119 --> 00:39:14.760
for it. When you buy a gift card, you could

726
00:39:14.800 --> 00:39:17.199
use cash, or you could use let's say, your credit card.

727
00:39:17.239 --> 00:39:19.559
Right when you pay, when you use a credit card

728
00:39:19.599 --> 00:39:22.039
like Visa, a MasterCard, you're gonna use You're gonna pay

729
00:39:22.039 --> 00:39:26.679
what a transaction cost, which in theory Amazon or Walmart

730
00:39:26.679 --> 00:39:29.559
will take that on. That's a way for these companies

731
00:39:29.599 --> 00:39:33.840
to get around those transaction costs through credit cards, right,

732
00:39:33.880 --> 00:39:35.960
and that'll be beneficial for the company in turn.

733
00:39:36.559 --> 00:39:38.960
Interesting to see what kind of legs a stable coin has.

734
00:39:39.280 --> 00:39:42.880
The The general public is still about two thirds of

735
00:39:44.039 --> 00:39:48.119
mistrusting of cryptocurrency. No, I don't see it as a

736
00:39:48.119 --> 00:39:51.159
big deal in the immediate future. It's something that will

737
00:39:51.199 --> 00:39:51.880
come over time.

738
00:39:52.480 --> 00:39:53.800
Yeah, I mean the crypto.

739
00:39:54.000 --> 00:39:58.400
But here's the thing about the bitcoin. There's a limited

740
00:39:58.559 --> 00:40:02.400
amount a big coin. Correct. Okay, it's not like gold

741
00:40:02.440 --> 00:40:04.639
where you can just keep mining and mining and mining

742
00:40:04.679 --> 00:40:07.519
and just keep finding more gold or silver. Correct, you

743
00:40:07.679 --> 00:40:09.960
just have so much you can mind the bitcoin and

744
00:40:10.000 --> 00:40:12.320
we're getting there to the end. So then when once

745
00:40:12.400 --> 00:40:15.519
institutions get involved and then the governments get involved, I'm

746
00:40:15.519 --> 00:40:18.360
talking about long term, you know, ten twenty years from now,

747
00:40:19.079 --> 00:40:21.159
where's it going to be? Okay?

748
00:40:21.400 --> 00:40:22.079
I mean, who knows.

749
00:40:22.119 --> 00:40:25.000
If it's a finite amount and we've mined it all

750
00:40:25.039 --> 00:40:27.639
and all of a sudden becomes value, maybe it becomes

751
00:40:27.760 --> 00:40:31.480
and if it replaces FIAC currency like dollar and stuff

752
00:40:31.480 --> 00:40:34.440
like that, hard currency, maybe the bitcoin's like one hundred

753
00:40:34.440 --> 00:40:36.519
dollars ethereum's worth twenty dollars.

754
00:40:36.519 --> 00:40:38.320
A shit, he served something.

755
00:40:38.079 --> 00:40:40.280
I think somebody, I think someone to consider too is

756
00:40:40.320 --> 00:40:43.760
the fact that, sorry, I lost it.

757
00:40:44.119 --> 00:40:48.199
Well, considering that now, considering that bitcoin does goes, what

758
00:40:48.239 --> 00:40:48.840
did you lose?

759
00:40:51.039 --> 00:40:55.199
Do you understand you're forty years away from saying that's okay?

760
00:40:55.599 --> 00:40:58.599
Yeah again, get away with that easily. Yeah, it's senior

761
00:40:58.639 --> 00:41:00.280
moment whatever, right.

762
00:41:00.320 --> 00:41:01.119
At a junior moment.

763
00:41:02.719 --> 00:41:05.239
But you know, because of the bitcoin, having that takes

764
00:41:05.239 --> 00:41:07.239
place every two years.

765
00:41:08.239 --> 00:41:10.440
It's supposed to happen every four I believe is every

766
00:41:10.440 --> 00:41:12.480
four years about so I think I think those are

767
00:41:12.519 --> 00:41:14.880
two I don't know, but the bottom line is that

768
00:41:15.000 --> 00:41:17.159
we're not going to have mind all of the bitcoin

769
00:41:17.239 --> 00:41:19.159
to thirty five.

770
00:41:19.000 --> 00:41:21.440
To that point I recall, so there is a finance supply.

771
00:41:22.079 --> 00:41:24.119
You also have to consider all of the bitcoin that's

772
00:41:24.159 --> 00:41:25.960
out there, and it's just lost right because a lot

773
00:41:25.960 --> 00:41:27.840
of people bought bitcoin back in the day and they

774
00:41:27.840 --> 00:41:30.119
don't have access to go back and sell that.

775
00:41:30.880 --> 00:41:33.880
Well, you can stake the bitcoin too, which is essentially

776
00:41:33.920 --> 00:41:37.159
pledging it to where it's never where you can't trade it.

777
00:41:37.519 --> 00:41:41.039
And the majority of bitcoin out there is staked. It

778
00:41:41.119 --> 00:41:44.159
isn't even being publicly traded, so that's one of the

779
00:41:44.159 --> 00:41:46.679
reasons is so volatile. It's hit one hundred and twenty

780
00:41:46.679 --> 00:41:50.039
three thoy two hundred last week, closed a week at

781
00:41:50.039 --> 00:41:54.079
one hundred and seventeen and change down six thousand dollars.

782
00:41:54.079 --> 00:41:57.039
Crazy get a week again. It trades on the weekend,

783
00:41:57.119 --> 00:42:00.000
so who knows. That's just for the ETFs to close it.

784
00:42:01.039 --> 00:42:03.679
But it's gonna like Todd was saying, one hundred and

785
00:42:03.679 --> 00:42:05.840
thirty five hundred and fifty thousand, we could easily see

786
00:42:06.320 --> 00:42:09.880
it more. There's a lot of positive feeling towards.

787
00:42:09.679 --> 00:42:11.079
It and the reason it's so much in the news

788
00:42:11.159 --> 00:42:13.280
right now because he just passed another bill. Yes, but

789
00:42:13.400 --> 00:42:19.480
first President's but what's interesting about this bill is the

790
00:42:19.519 --> 00:42:21.840
Biden administration tried to make it it was the worst

791
00:42:21.920 --> 00:42:24.480
evil thing in the entire world, correct, And it's only

792
00:42:24.480 --> 00:42:28.159
for criminals and only bad and everything else. And now

793
00:42:28.400 --> 00:42:30.599
we're like, wait a second, we can have stable coins.

794
00:42:30.639 --> 00:42:34.400
They're always to do things with bitcoin. So it's kind

795
00:42:34.400 --> 00:42:38.960
of interesting the two different presidents and the administrations on.

796
00:42:39.000 --> 00:42:39.480
How they look.

797
00:42:39.519 --> 00:42:43.119
Administrations were polar opposite on ideas. Yeah, that's shocking to me.

798
00:42:43.440 --> 00:42:46.360
Well, all right, what else happened. There's a lot of

799
00:42:46.400 --> 00:42:47.199
other stuff that happened.

800
00:42:47.199 --> 00:42:49.719
Probably the biggest thing that happened this past weekend for me,

801
00:42:49.960 --> 00:42:54.320
for Dave Sherwood was the Grand Canyon, the North Rim

802
00:42:54.320 --> 00:42:58.480
of the Grand Canyon. Lightnings caused fire started there last

803
00:42:58.519 --> 00:43:02.159
week for service go out it under control. They surrounded

804
00:43:02.199 --> 00:43:05.440
it with lines that wouldn't so wouldn't advance, and then

805
00:43:05.480 --> 00:43:07.119
somebody went to sleep. The next thing you know, the

806
00:43:07.280 --> 00:43:11.039
entire North Rim is burned down. A hotel that was

807
00:43:11.039 --> 00:43:14.320
built in nineteen thirty seven burned to the ground, a

808
00:43:14.400 --> 00:43:16.880
dozen cabins. Only ten percent of people that visit the

809
00:43:16.880 --> 00:43:19.800
Grand Canyon ever go to the North Rim. The reason

810
00:43:19.840 --> 00:43:23.480
for that is, think about this, the North Rim is

811
00:43:23.599 --> 00:43:27.039
two hundred and twenty miles from the South Rim, or

812
00:43:27.079 --> 00:43:30.159
twenty five miles if you walk across, which is what

813
00:43:30.239 --> 00:43:31.880
I did. But I have a real soft spot in

814
00:43:31.920 --> 00:43:34.119
my heart for the North Rim. It's very special to me.

815
00:43:34.159 --> 00:43:38.320
And it's gone for now. Obviously they're going to rebuild,

816
00:43:38.599 --> 00:43:42.840
but some Forest service snaffou caused a hotel has been

817
00:43:42.880 --> 00:43:44.920
there's this nineteen thirty seven to burn to the ground.

818
00:43:46.000 --> 00:43:48.039
But would you say it's gone? It doesn't mean you

819
00:43:48.039 --> 00:43:48.880
can still walk it.

820
00:43:49.039 --> 00:43:50.679
No, he's saying, no, no, the buildings are gone.

821
00:43:50.760 --> 00:43:53.239
You can't stay there. There's nowhere to stay. I suppose

822
00:43:53.440 --> 00:43:56.559
you can camp there, I guess, but it's probably cinders

823
00:43:56.639 --> 00:43:58.639
right now. It's going to take a while to come back.

824
00:43:58.719 --> 00:44:01.280
The Grand Canyon didn't disappear because of a fire, right,

825
00:44:01.360 --> 00:44:02.719
but the buildings that were there did.

826
00:44:02.920 --> 00:44:05.280
They did, and then the hotels perched right on the

827
00:44:05.360 --> 00:44:09.199
edge of the canyon. Absolutely glorious spot and beautiful views.

828
00:44:09.199 --> 00:44:10.199
And he burned the ground.

829
00:44:10.440 --> 00:44:11.880
What do you guys think about the four one k

830
00:44:12.000 --> 00:44:15.559
plans offering a private investments going forward? You guys hear

831
00:44:15.559 --> 00:44:16.039
about that.

832
00:44:16.440 --> 00:44:16.800
We did.

833
00:44:16.880 --> 00:44:20.280
I was trying to figure this out of equity I

834
00:44:20.280 --> 00:44:24.639
mean you could you still can have I mean, if

835
00:44:24.679 --> 00:44:27.199
you if you have your individual four to one K plan,

836
00:44:27.480 --> 00:44:30.280
it's legal to still be able to do partnerships in there.

837
00:44:30.440 --> 00:44:33.000
Now you can do some some you know what I mean.

838
00:44:33.000 --> 00:44:35.000
So I didn't understand what there was a big thing

839
00:44:35.039 --> 00:44:39.480
about unless they were talking about the company sponsored ones

840
00:44:40.199 --> 00:44:42.599
that don't allow any of that stuff in it. Right now,

841
00:44:43.199 --> 00:44:43.679
that could be.

842
00:44:43.760 --> 00:44:45.519
I think they were talking about companies sponsor ones that

843
00:44:45.559 --> 00:44:49.039
are usually pretty vanilla with six funds or mostly or

844
00:44:49.079 --> 00:44:49.599
something like that.

845
00:44:49.679 --> 00:44:51.360
But to make it sound like it was law, and

846
00:44:51.400 --> 00:44:54.000
I don't I didn't really understand because I don't know

847
00:44:54.320 --> 00:44:57.199
the law says you can't have that like a limited partnership.

848
00:44:57.239 --> 00:44:59.559
And now I thought when I was reading it about

849
00:44:59.599 --> 00:45:02.239
like personal property and stuff like that, you can actually

850
00:45:02.239 --> 00:45:04.599
buy a home using it, I thought that was what

851
00:45:04.760 --> 00:45:07.280
they were opening up money that you can use from

852
00:45:07.320 --> 00:45:09.639
your four one K without having to take it out

853
00:45:09.679 --> 00:45:12.400
to go ahead and pay for the house. That you

854
00:45:12.400 --> 00:45:15.880
can actually use money from there and it still stays

855
00:45:15.880 --> 00:45:16.519
in your four one K.

856
00:45:16.760 --> 00:45:18.280
But I mean, it depends on how your four o

857
00:45:18.400 --> 00:45:20.119
K was set up. If you have the stipulations where

858
00:45:20.159 --> 00:45:22.079
we're already allowed to do that. That's fine, But a

859
00:45:22.079 --> 00:45:25.039
lot of those bigger companies have it, so you're not

860
00:45:25.119 --> 00:45:27.679
able to do that. So they don't make it private

861
00:45:27.679 --> 00:45:29.559
equity and stuff, so they make it easier on the

862
00:45:29.559 --> 00:45:31.559
regulations and all. And they don't have because they have

863
00:45:32.039 --> 00:45:35.119
ten thousand employees and then they're with Fidelity. I get it,

864
00:45:35.239 --> 00:45:37.559
best idea behind it, but it would, But it would.

865
00:45:37.760 --> 00:45:40.840
I guess what they're giving them the opportunity to put

866
00:45:40.840 --> 00:45:43.360
it in. Say it's okay now, and then.

867
00:45:43.199 --> 00:45:46.440
Maybe you have your employer have a private equity being

868
00:45:46.480 --> 00:45:47.199
one of the choices.

869
00:45:47.639 --> 00:45:48.039
I don't know.

870
00:45:48.320 --> 00:45:50.679
I don't need to, but you can do it to

871
00:45:50.760 --> 00:45:52.599
an ETFs anyway, which is the only way I would

872
00:45:52.599 --> 00:45:53.400
tell anyone to do it.

873
00:45:53.599 --> 00:45:56.920
Four one ks are becoming more and more customizable nowadays,

874
00:45:57.400 --> 00:45:58.840
and they're just going to continue doing it.

875
00:45:58.880 --> 00:45:59.840
I rather that it was going to be like a

876
00:46:00.000 --> 00:46:02.760
target date funds, you know, target date funds twenty fifty five,

877
00:46:02.880 --> 00:46:05.920
twenty sixty five, and an allocation within that fund. Is

878
00:46:05.920 --> 00:46:07.280
it going to be private placements?

879
00:46:07.480 --> 00:46:09.239
That's what I think it is. But the other part

880
00:46:09.360 --> 00:46:12.239
is that that doesn't make sense to me with this

881
00:46:12.280 --> 00:46:14.800
whole thing with retirement four one K plans and stuff

882
00:46:14.840 --> 00:46:21.159
like that. We're trying to make it so they can't

883
00:46:21.199 --> 00:46:24.960
get advice, you know what I mean with the whole

884
00:46:24.960 --> 00:46:28.239
fiduciary of using a retirement account is even a whole

885
00:46:28.239 --> 00:46:30.639
different level than just doing a regular account.

886
00:46:30.960 --> 00:46:33.679
The government's focus too much on cost and not on

887
00:46:33.760 --> 00:46:35.679
value exactly, and not on value.

888
00:46:35.400 --> 00:46:37.639
Right, But to try to manage a Form one K plan,

889
00:46:37.960 --> 00:46:41.440
nobody does it yourself, Yeah, unless it's your own, don't.

890
00:46:42.039 --> 00:46:44.599
You don't You don't doing it for other people, you

891
00:46:44.599 --> 00:46:46.519
know what I mean. We don't go out and say, hey,

892
00:46:46.679 --> 00:46:48.639
we'll charge your twenty five basis points and manage your

893
00:46:48.639 --> 00:46:50.840
Form one K plan because no one wants to be

894
00:46:50.920 --> 00:46:53.360
responsible the way they set up the rules, and now

895
00:46:53.400 --> 00:46:55.920
they're letting other stuff come in without being able to

896
00:46:55.960 --> 00:46:58.960
have advice. So maybe that'll change. All right, We'll be

897
00:46:59.039 --> 00:47:01.920
right back. It's the Money Matter Show. As you know,

898
00:47:02.400 --> 00:47:05.719
we absolutely appreciate that you listen. You need help, just

899
00:47:05.760 --> 00:47:07.800
give us a call. We'll be right back.

900
00:47:09.519 --> 00:47:12.519
Welcome back to the second hour The Moneymatter Show. Dylan

901
00:47:12.519 --> 00:47:16.239
Greenberg here with Dave Sebastian and Dean Todd is up

902
00:47:16.239 --> 00:47:18.119
in Sedona. He was here for the first hour talking

903
00:47:18.159 --> 00:47:20.320
about crypto, because there's a lot going on in the

904
00:47:20.360 --> 00:47:21.000
crypto market.

905
00:47:21.039 --> 00:47:21.880
If you're just tuning in.

906
00:47:21.920 --> 00:47:24.800
That Genius Act was passed on Friday, was signed into

907
00:47:24.800 --> 00:47:26.719
the law. It has a lot to do with the

908
00:47:26.719 --> 00:47:29.159
stable coins and all that stuff. And if you didn't

909
00:47:29.159 --> 00:47:31.000
listen to the first hour, we do have a recorded

910
00:47:31.280 --> 00:47:34.000
and you can look listen to it on Spotify, Apple Music,

911
00:47:34.079 --> 00:47:36.599
any of those podcasts things for those of you just

912
00:47:36.639 --> 00:47:38.880
tuning in. Though the Dow last week was down point

913
00:47:38.920 --> 00:47:42.079
one percent, the SMP five hundred was up point six percent,

914
00:47:42.119 --> 00:47:45.079
the NASDAC led the way up one and a half percent,

915
00:47:45.480 --> 00:47:47.320
rus SOL two thousand was up point three percent, and

916
00:47:47.360 --> 00:47:50.920
the equal weighted SMP was down point one percent. So

917
00:47:51.119 --> 00:47:55.199
tech really helped the week. I mean, Nvidia just continues

918
00:47:55.239 --> 00:47:57.719
to run. You have a lot of the chip stocks

919
00:47:57.760 --> 00:47:59.880
were just doing well. Apple even seem to get a

920
00:47:59.880 --> 00:48:02.559
little bid last week. We have a lot going on.

921
00:48:02.800 --> 00:48:05.079
I did see this, speaking of a tech I did

922
00:48:05.119 --> 00:48:08.840
see IBM cut two hundred workers and they replaced it

923
00:48:08.880 --> 00:48:12.559
with AI agents and their goal is to have that

924
00:48:12.760 --> 00:48:17.639
handle and now those bots handle ninety four percent of payroll,

925
00:48:17.800 --> 00:48:20.800
leave requests, employee queries, all that stuff and they're trying

926
00:48:20.840 --> 00:48:23.440
to have all the AI agents end up having to

927
00:48:23.559 --> 00:48:25.639
deal with thirty percent of their back office jobs.

928
00:48:25.960 --> 00:48:27.920
What's an AI agent.

929
00:48:28.239 --> 00:48:32.159
Like kind of trying to say in a sense of terms, Yeah,

930
00:48:32.199 --> 00:48:34.559
like a robot. Yeah, like like you go on to

931
00:48:34.679 --> 00:48:36.639
help and like you got the AI agent that pops

932
00:48:36.679 --> 00:48:37.679
up and says, how can I help you?

933
00:48:37.719 --> 00:48:41.320
That's what they replace these employees with robots.

934
00:48:40.880 --> 00:48:42.920
Right, yes, Essentially, have you ever have you ever heard

935
00:48:42.920 --> 00:48:45.079
of a like have you ever called somebody and you

936
00:48:45.119 --> 00:48:47.840
get a Google assistance? Like, what's the reason for your call?

937
00:48:48.039 --> 00:48:49.599
What's essentially?

938
00:48:49.639 --> 00:48:51.320
So what these are and they're powered by their Watson

939
00:48:51.360 --> 00:48:55.079
computer power and what they are doing payroll, they're doing

940
00:48:55.239 --> 00:48:58.000
just back office work. And they want these agents, who

941
00:48:58.000 --> 00:49:00.760
are their robots, their computers, to do with thirty percent

942
00:49:00.800 --> 00:49:04.199
of their back office jobs by the next five years.

943
00:49:04.400 --> 00:49:06.039
I haven't heard the term agent use.

944
00:49:06.360 --> 00:49:08.920
It's becoming more popular. I hadn't heard until a few

945
00:49:08.960 --> 00:49:09.320
weeks ago.

946
00:49:09.400 --> 00:49:11.880
Yeh, No, it's a good term. But if you understand

947
00:49:11.920 --> 00:49:13.079
what it means, you.

948
00:49:13.039 --> 00:49:14.840
Know, I never want to see people lose their jobs,

949
00:49:14.880 --> 00:49:16.920
but I do think that this is a great thing.

950
00:49:17.000 --> 00:49:19.239
Well, the thing is they cut two hundred workers but

951
00:49:19.280 --> 00:49:22.440
they're not cutting back on their spending IBM, they're up

952
00:49:22.480 --> 00:49:25.519
thirty percent for the year. They are shifting on who

953
00:49:25.559 --> 00:49:29.119
they hired. They're hiring programmers, they're hiring salespeople. They're getting

954
00:49:29.199 --> 00:49:31.960
rid of the mundane jobs that the AI agents can

955
00:49:32.039 --> 00:49:34.400
take care of, which is what we've talked about for

956
00:49:34.440 --> 00:49:35.760
the last year, that we think that's going to be

957
00:49:35.760 --> 00:49:37.719
the first ones that get cut or the mundane jobs

958
00:49:37.719 --> 00:49:38.840
like payroll, all that stuff.

959
00:49:38.840 --> 00:49:39.880
If you cannot have AI do.

960
00:49:39.840 --> 00:49:41.760
It, you're gonna be able to pay money to somebody

961
00:49:41.760 --> 00:49:43.599
else that expands a business more.

962
00:49:43.920 --> 00:49:44.960
Think about where they're going.

963
00:49:44.960 --> 00:49:47.079
Think about all the administrative and clerical work that we

964
00:49:47.119 --> 00:49:49.119
could just take away here at Greenberg Financial if we

965
00:49:49.199 --> 00:49:50.760
had an AI agent's to do it.

966
00:49:50.800 --> 00:49:51.480
And that's what I did.

967
00:49:51.519 --> 00:49:54.440
I mean, IBM's had Watson for years, so obviously they're

968
00:49:54.440 --> 00:49:57.039
going to be in the forefront of that. You know,

969
00:49:57.079 --> 00:49:59.000
I bet, I bet Amazon's not too far off. I

970
00:49:59.000 --> 00:50:03.599
bet to Google those companies probably already have a system

971
00:50:03.639 --> 00:50:06.519
of that. But it's interesting in there. I mean, IBM

972
00:50:06.559 --> 00:50:08.440
has been killing it. They're up thirty percent.

973
00:50:08.840 --> 00:50:12.079
Didn't It's absolutely amazing to see what has happened to

974
00:50:12.119 --> 00:50:14.719
IBM and how they have come out as a leader

975
00:50:14.760 --> 00:50:17.280
in AI and you kind of thought, this is a

976
00:50:17.360 --> 00:50:19.559
technology stock that's kind of laying there sleeping.

977
00:50:19.840 --> 00:50:23.280
It's another leadership. Yeah, we've talked about them before. I

978
00:50:23.440 --> 00:50:25.880
right into that. Are about their new CEO.

979
00:50:26.039 --> 00:50:28.920
He came from the ranks of IBM, been there for

980
00:50:28.960 --> 00:50:32.119
twenty five years and when he took over, he's had

981
00:50:32.119 --> 00:50:35.239
a They they were in a sense, their employees were

982
00:50:35.280 --> 00:50:38.480
scared to innovate because they guess they had too much.

983
00:50:39.760 --> 00:50:42.320
In a sense, they had too much trying to think

984
00:50:42.320 --> 00:50:44.519
of the word I like people to talk to, like

985
00:50:44.679 --> 00:50:46.400
you had this boss and that had that boss, boss,

986
00:50:46.400 --> 00:50:49.000
boss boss, Yeah, too many layers, Yes, layers, that's the

987
00:50:49.000 --> 00:50:51.480
word to go through to get anything done. So this

988
00:50:51.519 --> 00:50:54.960
boss said, the new CEO said, we're giving you this.

989
00:50:54.960 --> 00:50:56.760
This team is going to get all the teams are

990
00:50:56.760 --> 00:50:59.599
going to get allocated, just hypothetically five hundred million dollars

991
00:50:59.599 --> 00:51:03.119
a year's fifty million dollars to use. And you don't

992
00:51:03.159 --> 00:51:04.320
have to come to me every time you want to

993
00:51:04.360 --> 00:51:06.679
do something. I want you to fail, because the only

994
00:51:06.719 --> 00:51:08.840
way you fail or the only way you succeed, is

995
00:51:08.880 --> 00:51:09.800
if you fail with something.

996
00:51:09.840 --> 00:51:11.480
You realize it's wrong. How do you fix it?

997
00:51:11.599 --> 00:51:14.719
And ever since he implemented that philosophy, IBM's taken.

998
00:51:14.519 --> 00:51:17.800
Off amazing and it has been a tech driven rally.

999
00:51:17.840 --> 00:51:20.639
We talked about the NAD deck coming forty one percent

1000
00:51:20.679 --> 00:51:23.599
off of the April lows during that same period of time.

1001
00:51:25.519 --> 00:51:28.679
I said, that's crazy, forty one percent off the April low,

1002
00:51:29.199 --> 00:51:31.119
and the Dow is up twenty one percent off the

1003
00:51:31.119 --> 00:51:33.920
April low. So what we need to do for this

1004
00:51:34.039 --> 00:51:36.639
rally to have legs is we need to have that

1005
00:51:36.800 --> 00:51:39.559
spread into other areas of the economy.

1006
00:51:39.639 --> 00:51:41.199
Yeah, because if you look at it, the equal weighted

1007
00:51:41.320 --> 00:51:45.360
SMP is up twenty two percent off the April low, right,

1008
00:51:47.880 --> 00:51:50.440
just about half of what the dazdac's doing, which means

1009
00:51:50.440 --> 00:51:53.400
obviously is tech driven. But it's rally been tech driven

1010
00:51:53.440 --> 00:51:56.760
for three years. It has for four years, Like ever

1011
00:51:56.800 --> 00:51:59.800
since the Magnificent seven became a thing, this has been running.

1012
00:52:00.800 --> 00:52:02.400
Last week, go ahead, I was just gonna say, I'm

1013
00:52:02.400 --> 00:52:04.280
impressed to see the Rustle two thousand and only up

1014
00:52:04.280 --> 00:52:06.480
thirty basis points this week. It seems like every single

1015
00:52:06.519 --> 00:52:07.840
day that I was in the office, I was looking

1016
00:52:07.880 --> 00:52:11.000
at small cap stocks just going up, going up, Archer Aviation.

1017
00:52:11.079 --> 00:52:13.400
You had a whole bunch of quantum stocks just going up.

1018
00:52:13.880 --> 00:52:17.880
You had you know, the USDC stocks going up. It

1019
00:52:17.960 --> 00:52:19.159
was ridiculous.

1020
00:52:19.440 --> 00:52:23.000
Yeah, the when the Russell finally starts to outpace the Nasdaq,

1021
00:52:23.039 --> 00:52:23.760
then that's the end.

1022
00:52:23.880 --> 00:52:26.079
You're still yeah, that's the end.

1023
00:52:26.119 --> 00:52:29.920
The end of the rally. Yeah, because people are looking

1024
00:52:30.000 --> 00:52:32.920
under bed and behind rocks and behind looking for the

1025
00:52:32.920 --> 00:52:36.360
next thing. The find stuff and I want to buy anything,

1026
00:52:36.400 --> 00:52:39.159
but you know, so just again, it's like Dylan said,

1027
00:52:39.199 --> 00:52:42.079
it's a time to review your risk tolerance. We have

1028
00:52:42.199 --> 00:52:43.519
the ability to do that right, so.

1029
00:52:43.480 --> 00:52:45.400
Of action, absolutely absolutely.

1030
00:52:45.400 --> 00:52:46.400
How would someone do that?

1031
00:52:46.480 --> 00:52:47.880
Yeah, you could give us a call at five two

1032
00:52:47.960 --> 00:52:50.159
zero five four four four nine zero nine and you

1033
00:52:50.199 --> 00:52:54.000
could well come in set it up. You could send

1034
00:52:54.039 --> 00:52:57.239
me your portfolio holdings and all run it through our

1035
00:52:57.280 --> 00:53:00.000
risk analyzing tool. As we know, we've seen a huge

1036
00:53:00.039 --> 00:53:04.000
run up in the tech sector, right, So as that happens,

1037
00:53:04.079 --> 00:53:06.280
you start to see a lot of these positions get overweight.

1038
00:53:06.960 --> 00:53:09.280
Where your portfolio might have started at a risk score

1039
00:53:09.320 --> 00:53:11.079
of sixty five, it might have jumped up to an

1040
00:53:11.159 --> 00:53:14.000
eighty at this point because we are so overrateed certain

1041
00:53:14.039 --> 00:53:17.480
positions within it very quick process. Like I said, you

1042
00:53:17.480 --> 00:53:21.039
could really just email me at Sebashiannagreenberg financial dot com

1043
00:53:21.079 --> 00:53:23.519
your holdings, I'll set up a reports and I'll send

1044
00:53:23.559 --> 00:53:24.920
it right back to you. You don't even have to come in.

1045
00:53:25.000 --> 00:53:28.239
That's a part of the financial plan. It's free. Were

1046
00:53:28.239 --> 00:53:30.199
you're here to help. We're here to make sure that

1047
00:53:30.280 --> 00:53:32.360
you are in line with your goals for retirement for

1048
00:53:32.400 --> 00:53:34.880
the rest of your life, whatever it may be. Every

1049
00:53:35.039 --> 00:53:37.639
financial plan that we do is very customized and it's

1050
00:53:37.719 --> 00:53:40.400
unique to your situation. There's no right or wrong answers.

1051
00:53:40.400 --> 00:53:44.760
It's all based off your goals, your aspirations, your risk tolerance.

1052
00:53:45.079 --> 00:53:47.960
We can build a plan and a portfolio based off

1053
00:53:48.000 --> 00:53:50.039
all of that, so then you can sleep in night.

1054
00:53:50.239 --> 00:53:53.280
So inevitably when the markets do have a downturn, you're

1055
00:53:53.280 --> 00:53:56.639
not so scared because you at least know what your

1056
00:53:56.679 --> 00:53:59.719
overall goal is. You have a plan rather than just

1057
00:54:00.119 --> 00:54:01.000
shooting in the dark.

1058
00:54:01.440 --> 00:54:04.079
And we hope that interaction results in you becoming a

1059
00:54:04.119 --> 00:54:07.119
client of ours. But if it doesn't, it doesn't, that's

1060
00:54:07.159 --> 00:54:07.920
not why we're here.

1061
00:54:08.000 --> 00:54:10.159
We give you the risk analysis, we give you the

1062
00:54:10.159 --> 00:54:12.599
financial plan, all that before. Yeah, you don't have to

1063
00:54:12.599 --> 00:54:15.000
pay The only time you would is if you like

1064
00:54:15.079 --> 00:54:16.880
working with us and you want to open an account,

1065
00:54:16.920 --> 00:54:18.480
and then that's when the fees kicking.

1066
00:54:18.800 --> 00:54:22.400
You want our skills, Yeah, then absolutely.

1067
00:54:22.119 --> 00:54:24.920
Fiduciaries, we're straightforward fees. We're not going to sit here

1068
00:54:24.960 --> 00:54:26.800
and sell you one product just because we have to.

1069
00:54:27.039 --> 00:54:29.880
We're independent. We have the ability to invest in anything

1070
00:54:29.920 --> 00:54:33.159
that we want and have the ability or the idea to.

1071
00:54:33.960 --> 00:54:36.760
As a notice, last week we got the CPI number

1072
00:54:36.760 --> 00:54:40.480
and the PPI number. CPI was up three tenths of

1073
00:54:40.519 --> 00:54:43.519
a percent for the month, which if you if you

1074
00:54:43.679 --> 00:54:46.880
multiply that, that's three point six. That's pretty darn hot.

1075
00:54:48.039 --> 00:54:50.639
Two point seven year over year, which is the highest

1076
00:54:50.719 --> 00:54:55.440
year over year since February, which adds some credence to

1077
00:54:55.519 --> 00:54:59.519
Powell saying not yet on race, not yet. I'm seeing

1078
00:55:00.039 --> 00:55:02.880
umber of different reports that people are no longer concerned

1079
00:55:02.880 --> 00:55:06.840
about inflation with the tariffs. I think that's foolish.

1080
00:55:07.280 --> 00:55:09.320
Well, they're not as scared.

1081
00:55:09.880 --> 00:55:13.039
They're they're not, They're no more scared than they were

1082
00:55:13.079 --> 00:55:14.159
before Trump started it.

1083
00:55:14.320 --> 00:55:17.400
Yeah, back in February, but that's still higher than December

1084
00:55:17.400 --> 00:55:19.719
of twenty four. December twenty four was like two and

1085
00:55:19.760 --> 00:55:23.119
zero point seven percent when Trump got in in February.

1086
00:55:23.159 --> 00:55:24.360
I think it was the last time that I think

1087
00:55:24.360 --> 00:55:27.280
we saw the same article it was saying that's the

1088
00:55:27.400 --> 00:55:29.199
level that it's back to. It got up to I

1089
00:55:29.239 --> 00:55:31.760
think seven percent or something at that point during April.

1090
00:55:31.880 --> 00:55:33.880
Right now it's back down to The one year forecast

1091
00:55:33.920 --> 00:55:37.119
is four point four percent, the down five percent from June,

1092
00:55:37.519 --> 00:55:39.760
and then the five year outlook has dropped to three

1093
00:55:39.760 --> 00:55:42.440
point six percent inflation, which is down from June as well,

1094
00:55:42.480 --> 00:55:45.239
And that's much lower than it was in the last

1095
00:55:45.280 --> 00:55:48.199
few months, but it's still higher than the Fed wants it.

1096
00:55:48.199 --> 00:55:50.199
It's still higher then it's been.

1097
00:55:50.719 --> 00:55:53.159
But the idea that it is trending downwards, so maybe

1098
00:55:53.199 --> 00:55:54.800
the next few months it goes back. By the end

1099
00:55:54.800 --> 00:55:57.000
of the year might be at the exact same place

1100
00:55:57.000 --> 00:55:58.000
it was in December twenty four.

1101
00:55:58.119 --> 00:56:00.320
Well, in consumers really they say what they one on

1102
00:56:00.360 --> 00:56:02.679
a phone interview, Dylan, but they're voting with their money.

1103
00:56:02.800 --> 00:56:07.000
Retail sales up sixtensive a percent after dropping nine tenths

1104
00:56:07.000 --> 00:56:10.519
of a percent in May, yep, up sixtenths of a percent.

1105
00:56:10.599 --> 00:56:13.000
So I mean you're seeing CPI, like you said, up

1106
00:56:13.079 --> 00:56:16.239
point three percent for June two point seven percent year

1107
00:56:16.280 --> 00:56:18.760
over year, which was in line with expectations. You take

1108
00:56:18.800 --> 00:56:21.280
the core CPI was up point two percent and then

1109
00:56:21.440 --> 00:56:23.559
for the month and then up point or two point

1110
00:56:23.639 --> 00:56:27.199
nine percent for the year over year. Vehicle prices fell.

1111
00:56:27.920 --> 00:56:31.159
The apparel and the furniture though that increased, so a

1112
00:56:31.199 --> 00:56:34.079
little bit of offsets on different things. The big one

1113
00:56:34.119 --> 00:56:36.880
was PPI wholesale numbers that was unchanged flat and they

1114
00:56:36.880 --> 00:56:38.840
thought it was going to increase point two percent.

1115
00:56:39.679 --> 00:56:43.199
I did see something on Tesla, the Tesla stock what

1116
00:56:43.280 --> 00:56:45.119
a ride, I mean, just it's all over the place,

1117
00:56:45.159 --> 00:56:49.320
and I saw that they're June sales. You know, we

1118
00:56:49.400 --> 00:56:52.159
know that the sales in Europe and in Asia had

1119
00:56:52.199 --> 00:56:57.039
been weak. In Europe's primarily a pushback towards Trump's towards

1120
00:56:57.440 --> 00:57:01.480
a Musk politics, and that may that may level off

1121
00:57:01.519 --> 00:57:04.320
now that he's kind of become the anti Trump, who

1122
00:57:04.320 --> 00:57:06.119
knows where he is from one day to the next.

1123
00:57:07.000 --> 00:57:12.920
With Musk, he's so volatile. Asia, it's primarily competition. The

1124
00:57:13.159 --> 00:57:17.159
Chinese have figured out how to manufacture batteries much much

1125
00:57:17.280 --> 00:57:20.880
less expensively than we do here, and so the Tesla

1126
00:57:20.960 --> 00:57:26.079
sales in Asia now saw reports that Tesla sales in

1127
00:57:26.079 --> 00:57:30.440
the United States in June were six percent below last year.

1128
00:57:30.639 --> 00:57:33.840
And doesn't that tell you that evs are just of

1129
00:57:33.880 --> 00:57:36.079
no interest to nobody. No, it doesn't tell you that.

1130
00:57:36.639 --> 00:57:41.079
If you read into it, it's the competition. You can't drive,

1131
00:57:41.800 --> 00:57:44.400
you can't run an errand without seeing an electric vehicle.

1132
00:57:44.880 --> 00:57:47.239
I remember it not that many years ago that when

1133
00:57:47.239 --> 00:57:49.119
I would see a Tesla, I'd go home tell my wife, Hey,

1134
00:57:49.159 --> 00:57:51.880
I saw a Tesla. It was so rare. But it

1135
00:57:51.960 --> 00:57:56.599
was so rare. But overall US EV sales in the

1136
00:57:56.639 --> 00:58:01.239
first quarter, overall, we're ten percent, yeah, above last year,

1137
00:58:01.840 --> 00:58:05.159
and last year was a record. This year is going

1138
00:58:05.280 --> 00:58:06.239
to be a record.

1139
00:58:07.039 --> 00:58:08.079
What's wrong with Tesla?

1140
00:58:08.519 --> 00:58:11.320
Nothing's wrong with Tesla other than they have a lot

1141
00:58:11.400 --> 00:58:14.800
more competition, more people. Yeah. My lease is up in

1142
00:58:14.880 --> 00:58:18.280
about eleven months, and I leased it because I was

1143
00:58:18.320 --> 00:58:23.239
concerned about battery technology changing dramatically. It hasn't. I'm still

1144
00:58:23.280 --> 00:58:26.719
concerned about it, so I'll lease my next one. And

1145
00:58:26.800 --> 00:58:28.400
I've been looking around, you know, like you do when

1146
00:58:28.440 --> 00:58:30.159
you know you're going to have to change cars in

1147
00:58:30.199 --> 00:58:33.400
the year. You start looking around, kind of paying attention,

1148
00:58:33.639 --> 00:58:36.760
kicking tires, and I'm looking in windows when I see them,

1149
00:58:36.760 --> 00:58:40.719
and so I honestly can find nothing that holds a

1150
00:58:40.800 --> 00:58:42.599
candle to Tesla.

1151
00:58:43.280 --> 00:58:46.039
It's still interesting though, that you'll lease it because of

1152
00:58:46.079 --> 00:58:47.760
the battery thing, which it would be.

1153
00:58:47.880 --> 00:58:49.599
That's a good thought. You buy it three years.

1154
00:58:49.480 --> 00:58:51.000
Ago, you're like, Okay, the battery is probably going to

1155
00:58:51.039 --> 00:58:53.800
be much better, and it's not. How is it not

1156
00:58:54.159 --> 00:58:56.920
that should be the whole innovation of the market. How

1157
00:58:57.039 --> 00:58:59.079
is a competition not come out and try to find

1158
00:58:59.320 --> 00:59:01.599
a way to get four hundred miles on a charge.

1159
00:59:01.639 --> 00:59:02.599
Couldn't agree with you more.

1160
00:59:02.639 --> 00:59:04.559
It makes like to me that makes no sense, or

1161
00:59:04.639 --> 00:59:08.039
quicker charges. That's an issue too. The infrastructure on getting

1162
00:59:08.079 --> 00:59:10.599
more chargers around town, like gas stations, that doesn't seem

1163
00:59:10.599 --> 00:59:12.079
to be picking up too much from what I've seen

1164
00:59:12.079 --> 00:59:14.800
in Tucson at least. Maybe California might be different or

1165
00:59:14.800 --> 00:59:18.760
Phoenix might be different. But it hasn't grown as quick

1166
00:59:18.760 --> 00:59:21.320
as possible as you would think. With all the you're

1167
00:59:21.360 --> 00:59:24.519
seeing record sales each year. We keep hitting new record sales,

1168
00:59:24.719 --> 00:59:27.360
but it doesn't seem like the infrastructure or the actual battery,

1169
00:59:27.440 --> 00:59:30.760
which should be the biggest thing, is making any improvements.

1170
00:59:30.840 --> 00:59:33.480
I agree with you one hundred percent. I mean, twenty

1171
00:59:33.599 --> 00:59:36.800
thirty mile more range than I got three years ago.

1172
00:59:37.079 --> 00:59:39.119
That'd be a big deal, you know, a big deal

1173
00:59:40.079 --> 00:59:40.559
maybe with.

1174
00:59:40.519 --> 00:59:43.559
The AI boom. Yeah, it'll hit something in a year

1175
00:59:43.679 --> 00:59:44.920
or two. Whereas all of a sudden you get in

1176
00:59:44.880 --> 00:59:46.639
one hundred more miles. I don't know.

1177
00:59:47.079 --> 00:59:49.119
Again, I've got for the next three years. Am I

1178
00:59:49.559 --> 00:59:52.440
Do I have the courage to buy what could ultimately

1179
00:59:52.559 --> 00:59:54.280
end up being a six year old cellphone?

1180
00:59:54.440 --> 00:59:57.119
No, I wouldn't go because you have the same thought.

1181
00:59:57.159 --> 00:59:58.920
You knew this is gonna be okay, it has to

1182
00:59:58.960 --> 00:59:59.920
be better in three years.

1183
01:00:01.159 --> 01:00:01.559
Go ahead?

1184
01:00:01.960 --> 01:00:04.320
Did you add your grok into your Tesla?

1185
01:00:04.800 --> 01:00:05.639
Ed? What grok?

1186
01:00:05.960 --> 01:00:08.039
Do you know what that is? Grok is Tesla's chat

1187
01:00:08.039 --> 01:00:12.199
butt or Elon Musk's chat butt, like open AIPT. They're

1188
01:00:12.199 --> 01:00:14.599
starting to implement that software into your car. I was

1189
01:00:14.639 --> 01:00:15.960
just wondering if you'd used it before.

1190
01:00:16.079 --> 01:00:18.840
There's almost not a day goes by that I don't

1191
01:00:18.840 --> 01:00:26.119
get some invitation from Tesla to do something miraculous. Right, Yeah, literally,

1192
01:00:26.199 --> 01:00:29.320
I'm not interested miraculous. I'm not interested in any of

1193
01:00:29.360 --> 01:00:35.119
it because everything extra that the car will do takes battery.

1194
01:00:36.119 --> 01:00:37.000
Yeah, that makes sense.

1195
01:00:37.039 --> 01:00:39.760
And you and one thing that's nice in the summer.

1196
01:00:39.800 --> 01:00:42.920
Here is I can put I can set my car

1197
01:00:43.039 --> 01:00:46.719
so that the interior never gets above ninety degrees. That's

1198
01:00:46.760 --> 01:00:48.800
pretty nice. One hundred and ten degree day.

1199
01:00:48.679 --> 01:00:52.760
No doubt. Talking about competition for Tesla, Lucid Motors had

1200
01:00:52.800 --> 01:00:54.880
a great week this week. They went up about thirty

1201
01:00:54.920 --> 01:00:58.119
six percent, and that came after Oppress release. On Thursday morning,

1202
01:00:58.840 --> 01:01:01.519
Lucid sign up to deal with Uber that they're going

1203
01:01:01.559 --> 01:01:04.239
to lease about twenty thousand vehicles and deploy them into

1204
01:01:04.280 --> 01:01:07.599
their ROBOTAXI. I think that that's probably gonna be something

1205
01:01:07.639 --> 01:01:09.840
pretty good for Lucid. Lucid has, like I said, has

1206
01:01:09.880 --> 01:01:12.880
not been a huge form of competition for Tesla or

1207
01:01:12.880 --> 01:01:14.199
any of the other EV makers.

1208
01:01:14.639 --> 01:01:15.320
That's interesting.

1209
01:01:15.440 --> 01:01:17.239
I thought it was. I thought another thing that was

1210
01:01:17.239 --> 01:01:19.639
interesting with this is that the fact that's fifty or

1211
01:01:19.719 --> 01:01:22.280
maybe sixty percents now at this point of Lucid motor

1212
01:01:22.400 --> 01:01:25.280
stock is owned by Saudi Ramco.

1213
01:01:25.440 --> 01:01:28.760
Correct, I gotta go broke, right, Sadier.

1214
01:01:28.480 --> 01:01:30.920
Ramco, not Saudi Ramco, Saudi.

1215
01:01:30.559 --> 01:01:31.960
Rasa, Saudi Adi Arabia, right.

1216
01:01:32.039 --> 01:01:32.320
Yeah.

1217
01:01:32.400 --> 01:01:35.199
So then on top of that you have Saudi Arabia

1218
01:01:35.239 --> 01:01:38.039
investing a lot of money into Uber which they own

1219
01:01:38.079 --> 01:01:40.320
about five to ten percent share right now. So of

1220
01:01:40.360 --> 01:01:42.679
course that's a good synergy that they're trying to you know,

1221
01:01:42.880 --> 01:01:45.239
mix in with one another. Will Lucid come up from

1222
01:01:45.280 --> 01:01:46.880
that three dollars to share right now?

1223
01:01:47.039 --> 01:01:50.199
It's interesting because Lucid is was, or I at least,

1224
01:01:50.320 --> 01:01:53.679
was trying to be more the luxury electric car, where

1225
01:01:53.679 --> 01:01:55.840
it's one hundred, one hundred fifty thousand dollars for a car,

1226
01:01:55.920 --> 01:01:58.320
and now they're going to switch it into deploy twenty

1227
01:01:58.360 --> 01:02:00.599
thousand for Uber. It's like they needed to get more

1228
01:02:00.679 --> 01:02:03.400
out there and start getting sales before they just exclusively

1229
01:02:03.760 --> 01:02:06.920
do electric. The other interesting electric company which is I

1230
01:02:06.920 --> 01:02:10.639
mean Linda has the Jaguar. Yes, they just cut all

1231
01:02:10.639 --> 01:02:15.039
their combustion out. They just stopped all the production. They

1232
01:02:15.079 --> 01:02:17.559
went one hundred percent ev. I don't know how it's

1233
01:02:17.599 --> 01:02:19.239
going to work out, but it's very interesting that a

1234
01:02:19.239 --> 01:02:21.400
company with that legacy just said screw it to everything

1235
01:02:21.679 --> 01:02:22.119
they are.

1236
01:02:22.559 --> 01:02:25.719
They are the parent company of Jaguar and land Rover

1237
01:02:25.840 --> 01:02:29.840
are both the same, and they are really not very good.

1238
01:02:30.039 --> 01:02:32.239
It's a great car. Yeah, we've had no problem with

1239
01:02:32.280 --> 01:02:35.639
the car, but as far as getting parts, if you

1240
01:02:35.719 --> 01:02:38.840
have an accident, oh my goodness, trying to get a

1241
01:02:38.920 --> 01:02:39.599
quarter panel.

1242
01:02:39.639 --> 01:02:41.519
So the way they run it's just not good.

1243
01:02:41.679 --> 01:02:44.079
Oh my goodness. It's a very poorly run company. In

1244
01:02:44.119 --> 01:02:45.800
my opinion, is just.

1245
01:02:45.800 --> 01:02:47.800
So shocking that a company that big and that long

1246
01:02:47.840 --> 01:02:50.840
outstanding of status is just like with their cars, and

1247
01:02:51.320 --> 01:02:53.639
like you said, they're good cars, just scraps everything.

1248
01:02:53.760 --> 01:02:58.320
We bought my wife's suv in twenty twenty and we

1249
01:02:58.320 --> 01:03:01.960
were told then that you're lucky you're getting this Jaguar

1250
01:03:02.000 --> 01:03:04.639
is about to go one hundred percent electric. Crazy, and

1251
01:03:04.719 --> 01:03:08.880
so that finally that related to that. But let's talk

1252
01:03:08.880 --> 01:03:11.400
about Lucid for just a second. What a great deal

1253
01:03:11.440 --> 01:03:14.199
for casta Grand. Oh, I mean, what a wonderful thing

1254
01:03:14.199 --> 01:03:16.800
for Castle Grand because Lucid was just you know, pumping

1255
01:03:16.880 --> 01:03:19.119
out like one vehicle a week or something. You know,

1256
01:03:19.360 --> 01:03:21.639
they won't selling a lot of vehicles, okay, but that

1257
01:03:21.719 --> 01:03:25.119
they got this contract to build twenty thousand and interestingly,

1258
01:03:25.519 --> 01:03:30.559
weimo uses the Jaguar Suv and I thought, well, gosh,

1259
01:03:30.599 --> 01:03:33.519
how's that going to work with Uber? Because you know,

1260
01:03:33.599 --> 01:03:36.320
a Lucid is kind of almost like a lowrider. If

1261
01:03:36.320 --> 01:03:40.039
you look at it's wide, it's low, it's big, it's

1262
01:03:40.039 --> 01:03:43.079
like a Lincoln Town card doesn't do much for me esthetically,

1263
01:03:43.679 --> 01:03:47.000
and don't What I saw in the news release was

1264
01:03:47.039 --> 01:03:52.079
an is suv? Oh really a reasonably cool looking suv.

1265
01:03:52.440 --> 01:03:55.159
So they just shifted part totally.

1266
01:03:55.199 --> 01:03:57.519
So if they're going to pump out twenty thousand of these,

1267
01:03:57.679 --> 01:03:59.519
and these SUVs are going to be available to the

1268
01:03:59.519 --> 01:04:03.400
public in the fall of this year, Yeah, and they're

1269
01:04:03.440 --> 01:04:05.119
gonna pump out twenty exus becausef.

1270
01:04:04.880 --> 01:04:07.639
You're doing straight ubers with it, it's easier for most

1271
01:04:07.639 --> 01:04:09.840
people to get into a small suv than trying to

1272
01:04:09.880 --> 01:04:10.840
sit down into a car.

1273
01:04:11.000 --> 01:04:12.800
A lot of the time, especially a luxury car, there's

1274
01:04:12.880 --> 01:04:13.679
kind of wide and.

1275
01:04:14.000 --> 01:04:14.800
Lower to the ground.

1276
01:04:14.840 --> 01:04:17.519
Yeah, or the ground is like especially for older people

1277
01:04:17.519 --> 01:04:19.280
that like the uber, that's a little hard to get into.

1278
01:04:19.320 --> 01:04:22.360
They'd rather step straight into it like a like just

1279
01:04:22.480 --> 01:04:23.280
the small suv.

1280
01:04:23.719 --> 01:04:26.280
Yeah, absolutely absolutely so I thought that was really good

1281
01:04:26.320 --> 01:04:30.760
for casting. Interestingly, in a related story, CEO Mary Bara,

1282
01:04:30.880 --> 01:04:35.400
who's the CEO of GM, said that they would be

1283
01:04:35.440 --> 01:04:39.360
one hundred percent evs by twenty thirty five. Last week,

1284
01:04:39.440 --> 01:04:42.599
she announced a new battery technology, but she also said

1285
01:04:42.599 --> 01:04:45.920
the level of e B production will be dictated by

1286
01:04:45.960 --> 01:04:49.760
consumer demand. Which she said was below expectations.

1287
01:04:49.960 --> 01:04:51.239
That's a smart way to go about it.

1288
01:04:51.360 --> 01:04:54.679
Yeah, she said, I'd argue that the battery technology and

1289
01:04:55.000 --> 01:04:56.599
I would I put on my note I put. I

1290
01:04:56.639 --> 01:04:59.679
would argue that the battery technology has been bulow. Expectation

1291
01:05:00.079 --> 01:05:03.159
always talked about that if they were to put and

1292
01:05:03.199 --> 01:05:04.920
I've said, if they were to produce an EV with

1293
01:05:04.920 --> 01:05:07.239
a range of five hundred miles, it would sell like hockcake.

1294
01:05:07.840 --> 01:05:11.599
Why would you ever need an ICE, an internal combustion

1295
01:05:11.679 --> 01:05:12.199
engine car.

1296
01:05:12.400 --> 01:05:14.599
Why that can get us from Tucson to La.

1297
01:05:15.039 --> 01:05:18.000
Yeah, right now, right now, If you have just one car,

1298
01:05:18.400 --> 01:05:22.079
you probably don't want it to be electric. You probably

1299
01:05:22.079 --> 01:05:24.880
don't because it can go anywhere I can get. We

1300
01:05:24.960 --> 01:05:28.119
had a client here in Tucson took his Tesla Model

1301
01:05:28.280 --> 01:05:33.159
Y from Tucson to Florida to Miami and back, and

1302
01:05:33.639 --> 01:05:36.480
I asked him about I said, was it. How big

1303
01:05:36.519 --> 01:05:39.119
of an issue was it? And he said, not really

1304
01:05:39.159 --> 01:05:42.039
at all, He said, because I determined the first day

1305
01:05:42.679 --> 01:05:46.599
that my car's range was greater than the range of

1306
01:05:46.639 --> 01:05:51.039
my bladder. So you know, he had to stop and

1307
01:05:51.039 --> 01:05:53.599
pee every one hundred and fifty two hundred miles and

1308
01:05:54.000 --> 01:05:54.960
plug in the charger.

1309
01:05:55.000 --> 01:05:59.280
Another strategic little highlight from Loosen Motors CEO Mark Winterhoff,

1310
01:05:59.280 --> 01:06:02.719
which just step then recently, by the way, start a

1311
01:06:02.760 --> 01:06:04.800
note on the call of that's automakers are starting to

1312
01:06:04.920 --> 01:06:09.360
use spare Arizona capacity, Lucid's capacity that they're not using

1313
01:06:09.400 --> 01:06:13.079
currently to bypass terraffs. Right, So other automakers are asking

1314
01:06:13.159 --> 01:06:14.239
to use their facility.

1315
01:06:14.840 --> 01:06:16.840
Yeah, because it's huge, it's a huge ump out.

1316
01:06:18.840 --> 01:06:22.360
Yeah, they're not they're not billing on they have, so they're.

1317
01:06:22.199 --> 01:06:22.840
Gonna blow up.

1318
01:06:22.880 --> 01:06:24.079
That's good, start renting it.

1319
01:06:24.119 --> 01:06:28.239
I think it's great for Cassa grant and great for Arizona. Absolutely,

1320
01:06:28.400 --> 01:06:31.519
So that's that's wonderful news. Hey, housing, we keep to

1321
01:06:31.599 --> 01:06:37.679
watching housing. The weakness in housing continues to grow, continues

1322
01:06:37.719 --> 01:06:42.199
to strengthen, if you if weakness can strengthen, kind of

1323
01:06:42.199 --> 01:06:44.800
an odd concept, but there is a segment of the

1324
01:06:44.800 --> 01:06:48.320
housing market that's performing very well. I'm not sure it's

1325
01:06:48.320 --> 01:06:50.719
the kind we want to see. The data from the

1326
01:06:50.800 --> 01:06:54.239
National Association of Realtor shows one point one million people

1327
01:06:54.280 --> 01:06:56.960
bought their first home last year. One point one million

1328
01:06:57.199 --> 01:07:00.920
bought their first home. That's down fifty percent from the

1329
01:07:01.039 --> 01:07:05.440
historical average, and the lowest in over ten years. Well home,

1330
01:07:06.239 --> 01:07:11.920
But however, the rental market is booming because of affordability issues,

1331
01:07:11.960 --> 01:07:15.800
because of interest rate interest rates now a record forty

1332
01:07:15.880 --> 01:07:19.039
seven million rental households in the United States, well because

1333
01:07:19.039 --> 01:07:20.440
of twenty six million.

1334
01:07:22.679 --> 01:07:23.519
Corporations.

1335
01:07:23.719 --> 01:07:26.920
They're buying up homes and then they're renting them as

1336
01:07:27.000 --> 01:07:27.760
Blackstone does that.

1337
01:07:27.960 --> 01:07:29.159
It's it's a big issue.

1338
01:07:29.320 --> 01:07:32.880
Harvard did a study dealing where where they estimate that

1339
01:07:32.920 --> 01:07:36.440
at current price and rate levels, buyers need during one

1340
01:07:36.519 --> 01:07:39.679
hundred and twenty seven thousand a year to afford a

1341
01:07:39.760 --> 01:07:40.880
median price home.

1342
01:07:40.960 --> 01:07:42.199
Yeah, I was going to say, it's just a cash

1343
01:07:42.199 --> 01:07:44.079
flow of thing at this point. It's like with interest

1344
01:07:44.119 --> 01:07:46.960
rates so high, if you're looking at, you know, shopping

1345
01:07:47.079 --> 01:07:50.039
for a house at three to five percent interest rates,

1346
01:07:50.079 --> 01:07:52.719
now you're looking at six to seven your payments is

1347
01:07:52.760 --> 01:07:55.519
going up exponentially, I mean, at least fifty percent.

1348
01:07:55.880 --> 01:07:58.639
I also saw an article about people just taking their

1349
01:07:58.639 --> 01:08:00.000
homes off the market because they don't want to slip

1350
01:08:00.159 --> 01:08:02.719
the price. They're not selling the homes because they're too

1351
01:08:02.800 --> 01:08:04.800
much and the rates are too high. But instead of

1352
01:08:04.800 --> 01:08:06.280
cutting the price to sell the home, they just take

1353
01:08:06.280 --> 01:08:08.840
it off the market. So people aren't in a rush

1354
01:08:08.920 --> 01:08:11.440
to sell. Apparently they want to sell, and it's a

1355
01:08:11.440 --> 01:08:14.719
little it's the market issue. I mean, from the last

1356
01:08:14.719 --> 01:08:18.159
five years these houses have doubled, but so of the rates.

1357
01:08:18.319 --> 01:08:19.960
So now all of a sudden, you think you can

1358
01:08:20.000 --> 01:08:22.239
get the same price for your house that you were

1359
01:08:22.239 --> 01:08:24.119
going to sell for five years ago, but it's going

1360
01:08:24.159 --> 01:08:26.319
down because of the demand. But then they're saying, screw it,

1361
01:08:26.359 --> 01:08:27.479
I'm just gonna keep it.

1362
01:08:27.479 --> 01:08:29.840
It's interesting to say that because I was driving home

1363
01:08:30.199 --> 01:08:33.720
Wednesday night and my neighborhood's a small neighborhood for a

1364
01:08:33.720 --> 01:08:39.680
little historic district. Homes are high six figures and out

1365
01:08:39.680 --> 01:08:42.319
in front of one of the homes was for rent.

1366
01:08:43.000 --> 01:08:45.119
I've not seen it for rents. I've lived there twelve years.

1367
01:08:45.159 --> 01:08:47.680
I've never seen a for rent sign. Yeah, but I

1368
01:08:47.680 --> 01:08:49.319
think that's consistent.

1369
01:08:49.439 --> 01:08:50.640
Told what you were just saying.

1370
01:08:51.039 --> 01:08:52.960
Yeah, because maybe people are just gonna rent and try

1371
01:08:53.000 --> 01:08:55.960
and wait out the rates. With the sentiment that rates

1372
01:08:55.960 --> 01:08:58.920
are going to drop sooner rather than later, maybe people

1373
01:08:59.000 --> 01:08:59.760
are just waiting now.

1374
01:09:00.079 --> 01:09:02.880
Well, I think the feeling that probably the market is

1375
01:09:02.960 --> 01:09:05.239
soft here and you're not going to get the price

1376
01:09:05.239 --> 01:09:05.560
you want.

1377
01:09:05.800 --> 01:09:08.640
So but also, I mean you got houses. Housing price

1378
01:09:08.720 --> 01:09:11.279
is so high. Remember how when the rates dropped the

1379
01:09:11.279 --> 01:09:12.760
three percent, which I don't think they're gonna do this

1380
01:09:12.840 --> 01:09:15.520
time around, But they dropped, and then all of a sudden,

1381
01:09:15.560 --> 01:09:17.640
the value of the house is exploded. I don't know

1382
01:09:17.640 --> 01:09:20.159
if that's going to happen this time around, within five

1383
01:09:20.239 --> 01:09:21.319
years doing it twice.

1384
01:09:21.680 --> 01:09:24.439
The real real estate appreciation over the last fifty years

1385
01:09:24.479 --> 01:09:25.560
about three percent a year.

1386
01:09:25.760 --> 01:09:28.520
Yeah, and it's about one hundred percent. But I don't

1387
01:09:28.520 --> 01:09:30.560
think you can do it again because people can't afford it. No,

1388
01:09:30.920 --> 01:09:33.880
But so that's what I think people are holding on waiting. So, Okay,

1389
01:09:33.880 --> 01:09:36.039
the rates are going to drop, I will sell my

1390
01:09:36.079 --> 01:09:37.600
house for three.

1391
01:09:37.600 --> 01:09:38.600
Hundred more dollars.

1392
01:09:38.600 --> 01:09:40.680
If it's a six hundred thousand dollars house, they're gonna

1393
01:09:40.680 --> 01:09:42.399
I'm to sell a fifty percent more, just like it

1394
01:09:42.399 --> 01:09:44.239
happened in twenty twenty. I don't know if the world

1395
01:09:44.279 --> 01:09:46.399
is that way anymore, the country is that way. You

1396
01:09:46.479 --> 01:09:49.239
got speaking of that, you got home builders of slashing

1397
01:09:49.239 --> 01:09:52.920
prices at the highest rate in three years. They continue

1398
01:09:52.960 --> 01:09:55.439
to see weakening demand for the potential buyers.

1399
01:09:55.520 --> 01:09:57.600
Yeah, that was my tagline in the National Association on

1400
01:09:57.680 --> 01:09:59.159
builderstood They're slashing prices.

1401
01:09:59.279 --> 01:09:59.479
Uh.

1402
01:09:59.560 --> 01:10:02.520
Yeah, the average price reduction was five percent in July

1403
01:10:03.000 --> 01:10:04.159
or June, and I will.

1404
01:10:03.960 --> 01:10:04.680
Give them credit.

1405
01:10:05.119 --> 01:10:08.760
You're seeing a lot of growth in places like Red Rock, Morana,

1406
01:10:09.039 --> 01:10:13.800
saw Rita Veil, and that's that's all about drive to affordability.

1407
01:10:13.920 --> 01:10:15.960
Yeah, but I mean this is National home Builders, YEP.

1408
01:10:16.159 --> 01:10:18.359
Arizona specifically, it is probably seeing quite a bit of

1409
01:10:18.399 --> 01:10:20.720
growth because also everything that's going up in Phoenix with

1410
01:10:21.119 --> 01:10:23.479
now Lucid is even building up Costa Grand. You have

1411
01:10:23.760 --> 01:10:26.159
the chip factories are growing. They want to put even

1412
01:10:26.159 --> 01:10:28.199
more infrastructure in there. We have a data center that'll

1413
01:10:28.159 --> 01:10:31.279
want to open up in Tucson. South of Tucson, they

1414
01:10:31.319 --> 01:10:33.640
got steel plants they want to open up in Bens

1415
01:10:33.640 --> 01:10:35.279
And if they're going to get that through we don't know,

1416
01:10:36.119 --> 01:10:38.239
but people like Arizona is a high demand state. Yeah,

1417
01:10:38.319 --> 01:10:41.800
California the leaving so maybe like other states are probably hurting,

1418
01:10:42.359 --> 01:10:47.039
but the idea. The builder's confidence rose one point in

1419
01:10:47.119 --> 01:10:51.239
July to thirty three. That's still seventeen points lower than

1420
01:10:51.319 --> 01:10:55.560
considered positive. Fifty is like the bar meter for anything

1421
01:10:55.640 --> 01:10:58.560
above is positive. So we're still very low on it.

1422
01:10:58.880 --> 01:11:01.279
And it's last July forty one so it's been low

1423
01:11:01.319 --> 01:11:03.840
for a bit. Price is just crazy high. Rates are

1424
01:11:03.840 --> 01:11:07.720
crazy high, but people are also being greedy.

1425
01:11:08.760 --> 01:11:11.000
Last week we saw oil drop a dollar to sixty

1426
01:11:11.039 --> 01:11:13.720
seven fifty, We saw gold drop seven dollars to thirty

1427
01:11:13.720 --> 01:11:16.560
three forty nine. We saw bitcoin hitting all time high

1428
01:11:16.560 --> 01:11:19.520
and then drop six thousand bucks ended the week if

1429
01:11:19.560 --> 01:11:23.439
you use the ETF down one percent and we're coming

1430
01:11:23.439 --> 01:11:24.960
to the end of this segment. We'll be back with

1431
01:11:25.000 --> 01:11:27.720
two more segments. Again, like Dane said, we appreciate your

1432
01:11:27.800 --> 01:11:30.800
joining us, We appreciate you listening to us, Thank you

1433
01:11:30.840 --> 01:11:31.520
for being here.

1434
01:11:32.560 --> 01:11:34.279
Welcome back to the Money Matter Show. My name is

1435
01:11:34.279 --> 01:11:37.000
Sebastian borers Cnam here with Dean Greenberg, David Sherwood, and

1436
01:11:37.079 --> 01:11:40.239
Dylan Greenberg. Did you guys see the market reaction when

1437
01:11:41.439 --> 01:11:43.720
they came out and said that Trump was gonna Firepoal Yes,

1438
01:11:43.760 --> 01:11:47.079
Ano reaction, Yeah, that was interesting to see the thirty year.

1439
01:11:47.159 --> 01:11:49.640
Market market rate that like does not want to hear

1440
01:11:49.680 --> 01:11:52.319
about that now, the market does not want that to happen.

1441
01:11:52.399 --> 01:11:54.239
And then thirty minutes later they said, I'm probably not

1442
01:11:54.279 --> 01:11:54.600
gonna do that.

1443
01:11:54.640 --> 01:11:55.239
I'm not gonna do that.

1444
01:11:55.239 --> 01:11:57.119
And the first of all, you can't just say I'm

1445
01:11:57.119 --> 01:11:58.920
gonna You can't just fire them. Has to go through

1446
01:11:58.960 --> 01:12:01.199
old process and that's to be costs. You can't just

1447
01:12:01.479 --> 01:12:04.039
fire him because you have differing opinions and policy.

1448
01:12:05.119 --> 01:12:07.760
The Federal Reserve has to stay independent if we're going

1449
01:12:07.800 --> 01:12:09.960
to keep it in the Federal Reserve. Otherwise what have one?

1450
01:12:10.000 --> 01:12:14.000
Absolutely okay, but on the other side, you know, you

1451
01:12:14.119 --> 01:12:17.720
gotta leave your feelings out of it, right and again,

1452
01:12:17.800 --> 01:12:19.600
I bring this up all the time to the people

1453
01:12:19.640 --> 01:12:22.600
that say, well, you know, he's doing what he's supposed to,

1454
01:12:22.720 --> 01:12:26.399
not lower interest rates. He lowered interest rates in September,

1455
01:12:27.159 --> 01:12:30.960
the first time in fifty years any Federal Reserve chairman

1456
01:12:33.159 --> 01:12:35.640
went ahead and lower interest rates a month or two

1457
01:12:35.680 --> 01:12:40.359
before the election, and then right before the election. But

1458
01:12:40.479 --> 01:12:42.960
ever since then when the outcome was different, he will

1459
01:12:43.000 --> 01:12:45.399
not lower interest rates anymore, even though what we how

1460
01:12:45.399 --> 01:12:49.319
many were supposed to have four six, seven times they

1461
01:12:49.319 --> 01:12:52.359
were going to lower it. Remember, yep, Now I know

1462
01:12:52.600 --> 01:12:56.800
they have differences, okay, but you have to go over

1463
01:12:56.840 --> 01:12:59.199
and above it. And what Trump is basically saying is

1464
01:12:59.239 --> 01:13:01.680
we need to have lower low interest rates. The economy

1465
01:13:01.760 --> 01:13:04.039
is still going to go. The only part I'm thinking

1466
01:13:04.079 --> 01:13:06.640
that Trump should say, with that load the interest rates,

1467
01:13:06.960 --> 01:13:10.439
if the inflation all comes back, raise the interest rates again,

1468
01:13:10.760 --> 01:13:13.119
be a head of the game instead of building behind

1469
01:13:13.159 --> 01:13:15.720
the game. And that's the problem we have because Dave,

1470
01:13:15.760 --> 01:13:18.479
we were lied to about I think what was it,

1471
01:13:19.520 --> 01:13:24.880
what was the inflation called transitory? Exactly? Transitory? And he

1472
01:13:25.039 --> 01:13:26.920
just kept saying that and saying that, and all of

1473
01:13:26.920 --> 01:13:29.399
a sudden, three years later we still have it.

1474
01:13:29.640 --> 01:13:31.399
Well, you did that the first day. I mean you

1475
01:13:31.439 --> 01:13:33.840
did the first week after that word was said. You

1476
01:13:33.960 --> 01:13:37.319
came on the radio and said, no, no, it's not transitory, right,

1477
01:13:37.399 --> 01:13:39.640
because this wages going back.

1478
01:13:39.680 --> 01:13:42.279
What's the basis for him lowering the rates right before

1479
01:13:42.319 --> 01:13:44.039
the election? Like, why is that such a big deal

1480
01:13:44.039 --> 01:13:45.800
that hit? That's never happened.

1481
01:13:45.439 --> 01:13:49.439
Before, because lower interest rates usually spurs on the markets,

1482
01:13:49.479 --> 01:13:52.359
right and the economy to make people feel good.

1483
01:13:52.600 --> 01:13:54.800
Right, So right before trying to get and it was.

1484
01:13:54.800 --> 01:13:58.800
Even higher from where it is. Okay, we've been coming down.

1485
01:14:00.079 --> 01:14:02.000
Maybe we have to get used to not two percent,

1486
01:14:02.000 --> 01:14:03.439
but maybe we're gonna have to get used to two

1487
01:14:03.479 --> 01:14:05.760
and a half percent if we grow ourselves out of it.

1488
01:14:06.359 --> 01:14:09.279
But the idea is this, and I know why this

1489
01:14:09.359 --> 01:14:12.079
junk wants to do it. We have way too much

1490
01:14:12.479 --> 01:14:15.880
debt right now, so when we're refinding also this debt

1491
01:14:15.880 --> 01:14:19.000
coming up, it's at a very high rate, which is

1492
01:14:19.039 --> 01:14:21.720
going to create a situation that we have less and

1493
01:14:21.800 --> 01:14:24.800
less money to spend. He wants to go ahead and

1494
01:14:24.840 --> 01:14:27.640
be able to have some more money to spend, but

1495
01:14:27.760 --> 01:14:30.079
and not on debt on other things.

1496
01:14:30.520 --> 01:14:33.000
I think that there's a tremendous amount of uncertainty though,

1497
01:14:33.000 --> 01:14:35.119
with the tariffs and what they're going to do ultimately

1498
01:14:35.800 --> 01:14:37.239
once everything's in place.

1499
01:14:37.319 --> 01:14:39.119
Well about the fact that we've already in collected about

1500
01:14:39.119 --> 01:14:40.000
one hundred billion.

1501
01:14:39.760 --> 01:14:41.279
Dollars off, I think it was a wonderful and we

1502
01:14:41.319 --> 01:14:47.039
actually saw the federal budget was positive in May for

1503
01:14:47.079 --> 01:14:51.840
the first time, Like, how was that happened? That was wonderful.

1504
01:14:52.039 --> 01:14:52.880
Well, that's what I'm saying.

1505
01:14:53.039 --> 01:14:55.239
We are seeing inflation ticks steadily higher here.

1506
01:14:55.359 --> 01:15:00.000
You know, it would be nice if the media would

1507
01:15:00.159 --> 01:15:03.119
take bias either side and actually looked at things the

1508
01:15:03.159 --> 01:15:06.279
way it should be, so the actual, the exciting, the

1509
01:15:06.439 --> 01:15:09.479
actual people that read all the bull crap on social

1510
01:15:09.520 --> 01:15:13.279
media would really understand that what might be true and

1511
01:15:13.279 --> 01:15:15.199
not just aimed to what side that they want to

1512
01:15:15.199 --> 01:15:18.399
go on. I mean, the thing is, if you just

1513
01:15:18.439 --> 01:15:21.760
went by social media, right with the tariffs and all

1514
01:15:21.760 --> 01:15:25.039
these other things, I'm market going down and coming, you

1515
01:15:25.039 --> 01:15:27.520
would think that Trump's ratings went down.

1516
01:15:27.600 --> 01:15:29.399
I was talking to an old friend from high school

1517
01:15:29.399 --> 01:15:31.239
and as I was talking about are they I'm a

1518
01:15:31.279 --> 01:15:33.600
financial advisor, they know that's and they said, wow, what

1519
01:15:33.720 --> 01:15:36.479
a tough time to be a financial advisor right now? Huh?

1520
01:15:36.520 --> 01:15:38.039
And I said, we're at all time highs. I don't

1521
01:15:38.039 --> 01:15:40.119
know what you're talking about exactly.

1522
01:15:40.560 --> 01:15:44.600
And do you realize that the CNN took a poll CNN,

1523
01:15:45.960 --> 01:15:49.199
he went from eighty six to eighty eight percent approval

1524
01:15:49.359 --> 01:15:55.279
of Republicans on the On the the Quinnipac he went

1525
01:15:55.359 --> 01:15:59.439
up two percentage points to ninety something. Okay, so no

1526
01:15:59.439 --> 01:16:02.439
one's given up on him. No, because the people that

1527
01:16:03.000 --> 01:16:06.039
like him, understand him, think he's doing a good job.

1528
01:16:06.399 --> 01:16:09.000
It's just the people that hate him. Take your feelings

1529
01:16:09.079 --> 01:16:09.560
out of it.

1530
01:16:10.640 --> 01:16:13.600
That he couldn't do any right for many people, and.

1531
01:16:13.600 --> 01:16:15.279
This could never do any right for the left.

1532
01:16:15.439 --> 01:16:16.880
Yeah, yeah, I like that.

1533
01:16:17.079 --> 01:16:19.039
I like that, No right for the left.

1534
01:16:19.399 --> 01:16:20.920
That's kind.

1535
01:16:21.000 --> 01:16:25.079
But Dave, even though we weren't fans of Biden, we

1536
01:16:25.239 --> 01:16:26.439
never were this negative.

1537
01:16:27.119 --> 01:16:30.079
Okay, we didn't want him to fail, right, And when

1538
01:16:30.079 --> 01:16:30.640
I've told.

1539
01:16:30.560 --> 01:16:34.119
People, listen, in my what I'm looking to do is

1540
01:16:34.239 --> 01:16:39.000
make people money, okay, or protect their assets as best

1541
01:16:39.039 --> 01:16:41.760
we can by seeing what's out there. So whether it's

1542
01:16:41.760 --> 01:16:45.000
a democratic Republican or whether it's terrorists or not terrorists,

1543
01:16:45.199 --> 01:16:47.960
I'm going to do what's best to protect our people

1544
01:16:47.960 --> 01:16:50.119
in his markets. And you can make money all the

1545
01:16:50.199 --> 01:16:53.279
time or lose less and then make it back.

1546
01:16:53.359 --> 01:16:55.800
And I would like to think that that as a

1547
01:16:55.840 --> 01:17:01.319
lifelong Republican that had Biden come in like Trump, hit

1548
01:17:01.359 --> 01:17:03.840
the ground running like Trump and done as much in

1549
01:17:03.920 --> 01:17:07.800
six months as Trump has done, which is off the charts, crazy, wonderful,

1550
01:17:08.800 --> 01:17:11.720
that I would be good. Good for you, go Joe Go.

1551
01:17:12.039 --> 01:17:13.840
I've seen I hope he fails.

1552
01:17:13.920 --> 01:17:16.079
I've seen trumpet more on TV than I did more

1553
01:17:16.239 --> 01:17:17.199
Biden his whole turn.

1554
01:17:17.319 --> 01:17:19.640
How about letting you, Jedd, how about just letting him

1555
01:17:19.720 --> 01:17:23.640
talk and letting him be transparent. See, people hate, they

1556
01:17:23.720 --> 01:17:28.680
love to beat up Trump right now, but transparency is important.

1557
01:17:28.800 --> 01:17:31.239
And this is what I've always said, neither side really

1558
01:17:31.359 --> 01:17:35.880
ever lies. They take twenty percent of what could be true,

1559
01:17:36.039 --> 01:17:40.960
and they exaggerated to be able to be their side. Okay,

1560
01:17:41.119 --> 01:17:43.720
whatever it is, there's a little truth to everything, and

1561
01:17:43.760 --> 01:17:47.880
then they exaggerated. Wouldn't it be nice? Though? Like I

1562
01:17:47.960 --> 01:17:51.399
really liked the fact that he was against you know,

1563
01:17:51.439 --> 01:17:55.079
he had his problems with Ukraine in Russia and honestly

1564
01:17:55.119 --> 01:17:58.039
thought he could resolve that pretty quickly, and that's what

1565
01:17:58.079 --> 01:18:02.359
he wanted to do. But since it didn't happen, he says,

1566
01:18:02.800 --> 01:18:05.600
come out and said, you know what, I'm done with this.

1567
01:18:06.159 --> 01:18:08.760
I'm trying to negotiate with him. He doesn't want to negotiate.

1568
01:18:09.079 --> 01:18:11.840
We're gonna go help Ukraine and put pressure on him. Yeah,

1569
01:18:11.920 --> 01:18:14.520
you know what I mean. And the same thing with Iran.

1570
01:18:14.720 --> 01:18:17.880
Iran doesn't want to negotiate. We're gonna go ahead and

1571
01:18:17.920 --> 01:18:20.159
make sure that the nuclear bombs aren't there. So what

1572
01:18:20.199 --> 01:18:22.119
do we do? What does the media do? Well? You know,

1573
01:18:22.199 --> 01:18:23.760
they can be back up and running it with their

1574
01:18:23.800 --> 01:18:27.319
nuclear program in two or three months, yeah, I mean.

1575
01:18:27.520 --> 01:18:30.520
And prior to the bombing it was two or three years.

1576
01:18:30.720 --> 01:18:32.880
Yeah on CNN they could be they can avenue go

1577
01:18:32.960 --> 01:18:34.680
up with their two or three years and then they

1578
01:18:34.720 --> 01:18:37.239
bomb them. It could have happened two or three months, you.

1579
01:18:37.199 --> 01:18:40.159
Know, So really it's if you think about it, and

1580
01:18:40.199 --> 01:18:43.159
I've said this for a long time, if we want

1581
01:18:43.239 --> 01:18:46.439
this country to be great, the media can make it great.

1582
01:18:47.159 --> 01:18:50.560
It really could, because they can become transparent, they can

1583
01:18:50.600 --> 01:18:53.039
be honest, they can look at both sides and actually

1584
01:18:53.039 --> 01:18:55.760
asks good questions and get the answers and not to

1585
01:18:55.840 --> 01:18:58.039
and look at the and look at the positives and

1586
01:18:58.159 --> 01:19:02.760
everything rather than the next gatives and Everything's.

1587
01:19:01.600 --> 01:19:02.880
Not going to make him the most money though.

1588
01:19:02.960 --> 01:19:04.760
Yeah, for your salespapers, how are you going to fill

1589
01:19:04.800 --> 01:19:05.920
up twenty four hours of that?

1590
01:19:06.159 --> 01:19:07.880
Yeah? If you just say the news and be done

1591
01:19:08.000 --> 01:19:09.399
in needs opinions.

1592
01:19:09.199 --> 01:19:11.199
Because when you're on the negative side, you can come

1593
01:19:11.279 --> 01:19:13.479
up with solutions. When you're on the positive side, you

1594
01:19:13.479 --> 01:19:16.479
can keep relating it. How about that I could talk

1595
01:19:16.520 --> 01:19:19.640
for I could probably be I could probably be what's

1596
01:19:19.720 --> 01:19:22.239
his name on the floor they aren't talking. How many

1597
01:19:22.319 --> 01:19:23.920
hours did he talk? Twenty five hours?

1598
01:19:24.479 --> 01:19:26.760
Yeah, you could probably do that.

1599
01:19:29.680 --> 01:19:31.960
He'll go into his whole playbook too, So money filled

1600
01:19:32.000 --> 01:19:32.239
the time.

1601
01:19:32.680 --> 01:19:35.399
Money would Let's talk about the economy from a football

1602
01:19:35.439 --> 01:19:38.159
stand point. Okay, okay, this is how we put the

1603
01:19:38.159 --> 01:19:41.079
plan together. This is what happens after the first half.

1604
01:19:42.000 --> 01:19:44.319
Do you ever to see that clip of Marjorie Taylor Green.

1605
01:19:44.520 --> 01:19:47.800
Now Marjorie Taylor Green is Marjorie Taylor Green rights a

1606
01:19:47.840 --> 01:19:51.319
little different. But the guy asked her, do you worship

1607
01:19:51.800 --> 01:19:56.520
Donald Trump? Do you worship Donald Trump? She said, I

1608
01:19:56.600 --> 01:20:00.319
worship the Lord God Almighty, and Jesus Christ is myhavior.

1609
01:20:00.359 --> 01:20:03.880
What's your point, you know, do you worship Donald Trump?

1610
01:20:04.199 --> 01:20:06.720
Well, she said something that she disagreed with him, and

1611
01:20:06.720 --> 01:20:08.399
then they were all over how great she is.

1612
01:20:09.439 --> 01:20:10.640
I mean, are you kidding me?

1613
01:20:10.840 --> 01:20:13.600
She disagreed with I think that Epstein files and now

1614
01:20:13.600 --> 01:20:16.399
they love her because they disagree. But yeah, I know

1615
01:20:16.439 --> 01:20:17.800
they're trying to get like a ruse out of her

1616
01:20:18.000 --> 01:20:19.159
by saying stuff like that.

1617
01:20:19.640 --> 01:20:21.479
Talk to clients and he says, ask me how my

1618
01:20:21.560 --> 01:20:25.319
tesla was, and I said, fine, did he get any anybody?

1619
01:20:25.479 --> 01:20:26.000
Let me shoot?

1620
01:20:26.000 --> 01:20:28.600
And I said, I think that ship is saaled, hasn't it.

1621
01:20:28.680 --> 01:20:31.239
I mean, Donald's back on the back on on the

1622
01:20:31.279 --> 01:20:33.800
anti Trump again, right right where they want him.

1623
01:20:35.000 --> 01:20:38.119
Trump Trump Muscus Anti.

1624
01:20:38.399 --> 01:20:45.279
Muscus back on Trump's crap list, which is.

1625
01:20:43.520 --> 01:20:47.159
On his crap list. He's just like, what are you doing? Yeah,

1626
01:20:47.199 --> 01:20:49.640
you didn't get your way, Stop acting that way. I

1627
01:20:49.720 --> 01:20:51.720
told you up front you won't go to we were

1628
01:20:51.800 --> 01:20:52.560
changing the e V.

1629
01:20:55.239 --> 01:20:56.439
What's it called tax credits?

1630
01:20:56.520 --> 01:20:57.399
What credits?

1631
01:20:57.479 --> 01:21:00.720
Yeah, they're taking it away, right yeah yeah right, Oh

1632
01:21:00.720 --> 01:21:03.199
that's considering that most of the people that buy teslas

1633
01:21:03.239 --> 01:21:04.720
can't qualify for it anyway, what.

1634
01:21:07.319 --> 01:21:07.479
Right?

1635
01:21:07.479 --> 01:21:08.239
Because this incoming?

1636
01:21:08.319 --> 01:21:10.640
Yet they're true so well, at least they stopped bombing

1637
01:21:10.640 --> 01:21:11.800
the teslas. Is that weird?

1638
01:21:12.000 --> 01:21:15.399
Well, I don't see any Boddy doing anything protesting anything

1639
01:21:15.399 --> 01:21:18.159
anymore because Elon's why do they judge?

1640
01:21:18.560 --> 01:21:21.560
I mean, it's so funny because they, I mean, in

1641
01:21:21.640 --> 01:21:26.239
January sixth was horrible. I ain't good at but that's

1642
01:21:26.359 --> 01:21:30.520
all the left does from the Summer of Love to

1643
01:21:30.680 --> 01:21:33.640
now with the ice, all they do is that. And

1644
01:21:33.720 --> 01:21:36.039
did you see that obviously you saw that the woman

1645
01:21:36.159 --> 01:21:40.479
in California who uh faked their own kidnapping from ice?

1646
01:21:40.560 --> 01:21:43.680
Oh yeah, yeah, you kidding me? Yeah? Are you kidding me?

1647
01:21:43.960 --> 01:21:46.520
And they were all above it, and they had and

1648
01:21:46.560 --> 01:21:49.520
they had officials come out and talk about how this

1649
01:21:49.600 --> 01:21:52.479
is horrible, this is not America, you should never happen.

1650
01:21:52.560 --> 01:21:55.399
These ice need to be abolished and all this other stuff.

1651
01:21:55.840 --> 01:21:57.800
But I didn't see when that she did this to

1652
01:21:57.840 --> 01:22:01.439
come out, I apologize. Where's he a hology for going

1653
01:22:01.520 --> 01:22:02.279
ahead and doing that?

1654
01:22:02.359 --> 01:22:04.159
Why did they wear a mask? Are you kidding me?

1655
01:22:04.520 --> 01:22:06.720
You want to follow them home and kill their wife

1656
01:22:06.760 --> 01:22:08.960
and children? Why did they wear a mask? Are you

1657
01:22:09.199 --> 01:22:10.079
This is ridiculous?

1658
01:22:10.079 --> 01:22:13.439
Have you never watched one of those criminals those shows

1659
01:22:13.479 --> 01:22:18.439
over in Europe? They all wear masks. Yeah, right right,

1660
01:22:18.479 --> 01:22:20.880
they'll walking around they all have helmets and masks on

1661
01:22:20.920 --> 01:22:21.880
the police over that.

1662
01:22:22.079 --> 01:22:24.159
What a shame that in order to enforce the law

1663
01:22:24.199 --> 01:22:26.239
they need to wear a mask. That's the other side

1664
01:22:26.279 --> 01:22:27.119
of it.

1665
01:22:27.119 --> 01:22:27.840
It's just awful.

1666
01:22:28.439 --> 01:22:30.920
It's just awful that they have to wear props. To

1667
01:22:31.000 --> 01:22:33.239
one of our listeners last week, d you and I

1668
01:22:33.279 --> 01:22:35.479
were talking about we don't know what chips used for

1669
01:22:35.600 --> 01:22:37.800
what we don't know anything about? He sent us a

1670
01:22:37.880 --> 01:22:41.920
beautiful email. Uh knows everything there is to know about

1671
01:22:41.920 --> 01:22:44.039
these things, and I loved it.

1672
01:22:44.600 --> 01:22:48.439
Yeah, and telling us about how the differences between CPUs,

1673
01:22:48.439 --> 01:22:50.880
GPUs A six and all that she started with the

1674
01:22:51.199 --> 01:22:53.840
years ago, and it was great. It was very insightful

1675
01:22:53.960 --> 01:22:55.920
from somebody who's been in the industry for a long time.

1676
01:22:55.960 --> 01:22:58.960
It's kind of start from the or infant age, and

1677
01:22:59.439 --> 01:23:02.760
I mean gp USE for graphics. CPUs are for central processing.

1678
01:23:03.159 --> 01:23:05.359
A six are for one task.

1679
01:23:05.399 --> 01:23:09.880
That that's right specific and I never knew that.

1680
01:23:09.079 --> 01:23:12.199
Sand and if we will get cut off on this,

1681
01:23:12.319 --> 01:23:15.640
but yeah, so like A six are chips has worked

1682
01:23:15.880 --> 01:23:18.560
extremely well for one task like Wi Fi. Those are

1683
01:23:18.600 --> 01:23:20.039
the type of chips that go into the Wi Fi.

1684
01:23:20.399 --> 01:23:21.079
Then you got.

1685
01:23:20.920 --> 01:23:24.000
CPUs and GPUs, CPUs or for your cell phones and

1686
01:23:24.039 --> 01:23:27.000
computers and stuff like that, GPUs or what NVIDIAs started

1687
01:23:27.039 --> 01:23:29.319
in and those are for graphics for like gaming and

1688
01:23:29.319 --> 01:23:32.880
all that. The biggest thing is with AI. They're saying

1689
01:23:33.439 --> 01:23:34.760
GPUs and CPUs are.

1690
01:23:34.680 --> 01:23:37.760
Now blended that thought.

1691
01:23:37.960 --> 01:23:39.840
Yes, when we come back, we're going to talk more

1692
01:23:39.880 --> 01:23:43.479
about this. But it was a very interesting, uh write

1693
01:23:43.520 --> 01:23:46.159
up that she gave to us on the knowledge because

1694
01:23:46.199 --> 01:23:47.199
she was in the business.

1695
01:23:47.199 --> 01:23:47.560
Wonderful.

1696
01:23:48.399 --> 01:23:50.319
All right, we'll be right back. Thanks for listening.

1697
01:23:51.640 --> 01:23:54.159
Welcome back to the last segment of the Money Matter Show.

1698
01:23:54.439 --> 01:23:57.680
Before our break, we were talking about chips. It's all

1699
01:23:57.680 --> 01:23:59.720
the rage right now, the chip stocks, the chip et

1700
01:24:00.279 --> 01:24:03.399
chip companies, AI, all that stuff, and we actually learned

1701
01:24:03.439 --> 01:24:06.479
got some very good insight from somebody who's been in

1702
01:24:06.520 --> 01:24:09.399
there for a long time. Last week and we were

1703
01:24:09.399 --> 01:24:12.479
saying before the break that AI chips are a blend

1704
01:24:12.600 --> 01:24:17.199
pretty much of CPUs and GPUs chips, which CPUs are

1705
01:24:17.279 --> 01:24:21.239
central processing units, GPUs are graphic processing units, and then

1706
01:24:21.319 --> 01:24:23.680
you have a six which are one task.

1707
01:24:23.640 --> 01:24:25.640
Very well, like a Wi Fi router.

1708
01:24:26.359 --> 01:24:28.600
But what I guess inn Vidia has been doing is

1709
01:24:28.680 --> 01:24:31.279
blending the CPU and the GPU together and video starting

1710
01:24:31.319 --> 01:24:33.880
the GPU units. Now they got the CPUs and they're

1711
01:24:33.880 --> 01:24:37.439
blending them. But they also they don't make the chip,

1712
01:24:37.520 --> 01:24:40.920
they design it. They are the designer house and the

1713
01:24:40.920 --> 01:24:44.199
design house and all that. That's where Taiwan's Semiconductor comes

1714
01:24:44.199 --> 01:24:46.479
into play. And that was a big thing too that

1715
01:24:46.520 --> 01:24:49.600
I didn't realize how many companies Taiwan makes chips for.

1716
01:24:49.960 --> 01:24:53.079
They are the foundry, they are this. Everybody in Arizona

1717
01:24:53.119 --> 01:24:58.079
knows that huge Taiwan's semiconductor facility up in Phoenix got

1718
01:24:58.079 --> 01:25:00.680
built and they're trying to build more, and it is

1719
01:25:00.680 --> 01:25:03.720
a good thing that they're building in Arizona.

1720
01:25:03.960 --> 01:25:07.000
That's what the Body administration did bring credit. He did

1721
01:25:07.000 --> 01:25:09.119
great with that, giving him the five billion dollars to

1722
01:25:09.159 --> 01:25:11.399
go ahead and build up there in Phoenix. But the

1723
01:25:11.439 --> 01:25:13.359
other one, though, Dylan, who got the money to him,

1724
01:25:13.720 --> 01:25:14.880
and they can't get it their own way.

1725
01:25:15.119 --> 01:25:16.000
It's Intel.

1726
01:25:16.279 --> 01:25:18.720
They do the boundary to why I mean, why why

1727
01:25:18.800 --> 01:25:19.800
is one doing so good at that?

1728
01:25:20.159 --> 01:25:22.720
So Taiwan is the one that does they do they

1729
01:25:22.760 --> 01:25:27.640
build it for Nvidia, a m d D there's another

1730
01:25:27.680 --> 01:25:30.800
one that's escaping my mind right now, but also Broadcom

1731
01:25:30.880 --> 01:25:33.359
designs it for Intel. There's all these chips and that's

1732
01:25:33.359 --> 01:25:36.439
why these companies are also doing well in their own capacity.

1733
01:25:36.479 --> 01:25:39.119
They have they all do different things, and Vidia is

1734
01:25:39.159 --> 01:25:41.239
the leader right now. They had they figured out how

1735
01:25:41.279 --> 01:25:43.479
to blend them together the best for the AI to start,

1736
01:25:43.640 --> 01:25:46.479
but now other companies are trying to get it caught

1737
01:25:46.560 --> 01:25:49.600
up with it. A m D has the potential to

1738
01:25:49.600 --> 01:25:51.600
surpass them, and that's why MD has been doing really

1739
01:25:51.600 --> 01:25:54.680
well in the last few months. And funny enough, the

1740
01:25:54.800 --> 01:25:57.399
CEOs are cousins, so they're fighting family things.

1741
01:25:57.439 --> 01:26:01.680
I don't know, but that's crazy great family. Yeah.

1742
01:26:02.039 --> 01:26:05.680
Like like you were saying that Intel, they missed the

1743
01:26:05.680 --> 01:26:08.159
boat and that's the new CEO who's been there for

1744
01:26:08.199 --> 01:26:09.600
a long time, and kind of in the sense they

1745
01:26:09.640 --> 01:26:12.239
said it's like the last hope said that they missed

1746
01:26:12.279 --> 01:26:14.520
the boat on this they are behind. They used to

1747
01:26:14.560 --> 01:26:16.760
not be. They used to be the premier chip. They

1748
01:26:16.760 --> 01:26:19.720
are behind on this AI stuff. And now maybe they'll

1749
01:26:19.720 --> 01:26:22.279
shift to being the manufacturer because they have a plant

1750
01:26:22.279 --> 01:26:25.600
in Ohio, they have their foundry. Maybe they'll shift to

1751
01:26:25.920 --> 01:26:28.439
be more of the manufacturing side than rather than the

1752
01:26:28.479 --> 01:26:34.279
designer side, like Nvidia, like AMD. But Taiwan's Semiconductor is

1753
01:26:34.560 --> 01:26:37.560
the big one behind everybody, behind the majority of these

1754
01:26:37.600 --> 01:26:38.840
big chip companies.

1755
01:26:39.199 --> 01:26:39.840
They make them.

1756
01:26:40.159 --> 01:26:42.920
Not surprisingly new all time high last week for Taiwan's

1757
01:26:42.920 --> 01:26:43.600
to make Inductor.

1758
01:26:43.720 --> 01:26:43.880
Yeah.

1759
01:26:43.880 --> 01:26:46.920
I think I think Intel's saying that this is that's

1760
01:26:46.960 --> 01:26:47.479
our future.

1761
01:26:47.840 --> 01:26:50.199
Yeah, you know what I mean. Yeah, Intel's had a

1762
01:26:50.239 --> 01:26:52.520
good year. They're up for the year. They just had

1763
01:26:52.560 --> 01:26:54.399
a crappy last few years because.

1764
01:26:54.239 --> 01:26:56.439
They just around. They didn't know.

1765
01:26:56.399 --> 01:26:58.439
What their identity was. In a sense, they were losing

1766
01:26:58.479 --> 01:27:00.439
their chip identity. They're trying to figure it out. They

1767
01:27:00.439 --> 01:27:02.600
realized they were behind. They got this new CEO and

1768
01:27:02.640 --> 01:27:04.520
he said, okay, this is our new path. And it

1769
01:27:04.560 --> 01:27:07.399
seems that the foundry and the chip actual making is

1770
01:27:07.439 --> 01:27:09.439
their new path, which is fine, make a.

1771
01:27:09.439 --> 01:27:14.279
Company out of it. Taiwan Summi. Taiwan Semi cannot do

1772
01:27:14.319 --> 01:27:17.319
them all. No, they just can't they they were doing.

1773
01:27:17.600 --> 01:27:20.319
If we start everything in the United States, so Intel

1774
01:27:20.399 --> 01:27:21.960
might be a good one to look out for a

1775
01:27:22.039 --> 01:27:25.479
year or two where we can, you know, maybe get

1776
01:27:25.520 --> 01:27:26.680
the opportunity to double a.

1777
01:27:26.720 --> 01:27:29.239
DMD is another one that is something to look out

1778
01:27:29.279 --> 01:27:32.840
for because that is Nvidia's largest competitor and they're coming

1779
01:27:32.880 --> 01:27:33.199
up fast.

1780
01:27:33.399 --> 01:27:35.920
I agree to put it in perspective to a new

1781
01:27:35.960 --> 01:27:38.880
car twenty twenty five. New car has about one thousand

1782
01:27:38.920 --> 01:27:42.399
to fifteen hundred chips within that car. Right if Taiwan

1783
01:27:42.439 --> 01:27:44.159
Semiconductors is going to be the only one that's going

1784
01:27:44.199 --> 01:27:47.159
to be manufacturing these chips, I don't believe that's going

1785
01:27:47.199 --> 01:27:48.720
to be the case. There's going to be somebody that

1786
01:27:48.760 --> 01:27:50.600
needs to step in the game. Should be Intel.

1787
01:27:50.880 --> 01:27:53.359
But there's no doubt, which is what I was telling

1788
01:27:53.479 --> 01:27:57.399
talking about in my monologue that if we have a pullback,

1789
01:27:58.359 --> 01:28:01.680
I'm still thinking three five seven years now. You look

1790
01:28:01.680 --> 01:28:03.640
at the A M D, you look at the video,

1791
01:28:03.840 --> 01:28:07.319
you look at the Broadcom, you'll good, tywhy Semi Intel

1792
01:28:07.319 --> 01:28:08.880
It's going to kind of get in there little If

1793
01:28:08.920 --> 01:28:11.840
you notice IBM. Man we talked about IBM when it

1794
01:28:11.920 --> 01:28:13.720
was one forty five, it's two eighty now.

1795
01:28:14.199 --> 01:28:14.720
To eighty.

1796
01:28:14.880 --> 01:28:19.000
Yeah, oh my goodness, all right, check it. I'm almost five.

1797
01:28:19.039 --> 01:28:20.439
I'm gonna check you on that. I thought it was

1798
01:28:20.439 --> 01:28:21.079
two forty five.

1799
01:28:21.159 --> 01:28:23.000
Yeah, I thought it was in the low two hundreds also,

1800
01:28:23.079 --> 01:28:24.239
but that's still that.

1801
01:28:24.319 --> 01:28:28.399
Was two sixty something. Load didn't hang on anybody that the.

1802
01:28:29.039 --> 01:28:31.079
Two five what eighty five?

1803
01:28:31.119 --> 01:28:34.079
Oh, you're right. Tell us something about forty years of

1804
01:28:34.199 --> 01:28:38.560
experience of managing money. You just remember, you do? Okay, yeah,

1805
01:28:38.640 --> 01:28:40.159
you see something year. I don't remember what I had

1806
01:28:40.199 --> 01:28:42.119
for breakfast, but I remember what the stock was.

1807
01:28:42.159 --> 01:28:43.239
They closed that.

1808
01:28:43.760 --> 01:28:45.439
But as like as like three am, you know, three

1809
01:28:45.560 --> 01:28:47.800
MS for two years was at the bottom of the

1810
01:28:47.920 --> 01:28:53.199
Dow performance dock. It's now doubled in eighteen months. These companies,

1811
01:28:53.239 --> 01:28:56.600
these high quality companies, tend to find their way.

1812
01:28:56.760 --> 01:28:59.840
They do well. What we talked about, we got into

1813
01:28:59.880 --> 01:29:01.960
it while ago, but it kind of fell from the

1814
01:29:02.079 --> 01:29:04.359
you know, twenty seven twenty eight fell down in nineteen

1815
01:29:04.399 --> 01:29:06.439
twenty and it's like lag and so you say, why

1816
01:29:06.439 --> 01:29:07.760
am I in this wile I can make money and

1817
01:29:07.800 --> 01:29:08.479
these other stuff?

1818
01:29:08.560 --> 01:29:10.560
In a sense, we bought it before, but now.

1819
01:29:10.760 --> 01:29:12.920
Now everything's run so much. Maybe it's a good chat.

1820
01:29:13.079 --> 01:29:15.239
We bought it when we bought into Intel before a

1821
01:29:15.439 --> 01:29:17.600
I really took off too, because there's still a solid

1822
01:29:17.640 --> 01:29:20.279
company that had a pullback at the time, before we

1823
01:29:20.600 --> 01:29:22.720
knew that it was that far behind the ball.

1824
01:29:22.800 --> 01:29:24.359
I've got a gal that was in my office this

1825
01:29:24.439 --> 01:29:27.439
morning and she said, and it's a small account. So

1826
01:29:27.720 --> 01:29:31.880
she said, I can't believe that I missed Nvidia. I said, well, yeah,

1827
01:29:31.920 --> 01:29:34.479
we all we would all like to have more Nvidia.

1828
01:29:34.560 --> 01:29:36.640
I can't believe I missed this. I can't believe I

1829
01:29:36.720 --> 01:29:39.760
don't I can't believe I don't have any I can't

1830
01:29:39.760 --> 01:29:43.000
believe I don't have to be bitcoin. Right. She's up

1831
01:29:43.039 --> 01:29:47.279
eleven percent per year for the last five years. That's fine.

1832
01:29:47.399 --> 01:29:50.119
So it's so hard to be an investor when you

1833
01:29:50.159 --> 01:29:53.920
hear all of these stories about all of these I've

1834
01:29:53.920 --> 01:29:55.640
got a guy a hike with on Tuma Machi.

1835
01:29:55.720 --> 01:29:57.199
Has they have it if you in the index that

1836
01:29:57.319 --> 01:29:58.760
you have these stocks.

1837
01:29:59.359 --> 01:30:02.039
But they want to have ustis right Hindsight twenty twenty.

1838
01:30:02.079 --> 01:30:04.199
I high with a guy on you on Tuma mok

1839
01:30:04.359 --> 01:30:08.319
he has seven bitcoins every price seventeen thousand. Well it

1840
01:30:08.359 --> 01:30:10.439
closed today one hundred and seventeen thousand. Well, I didn't

1841
01:30:10.439 --> 01:30:13.159
close it never closes. He's up one hundred thousand dollars

1842
01:30:13.720 --> 01:30:15.800
per coin. He has seven of them. I think that's

1843
01:30:15.800 --> 01:30:16.640
seven hundred thousands O.

1844
01:30:16.720 --> 01:30:18.319
The thing is they all want it out, and that's

1845
01:30:18.319 --> 01:30:20.319
when you get a lot of people who's like for

1846
01:30:20.399 --> 01:30:22.359
bitcoin example, you're gonna get a lot of people that

1847
01:30:22.359 --> 01:30:23.920
buy in, and that's why that price could get jumped

1848
01:30:23.960 --> 01:30:25.399
up to one hundred and thirty five thousand or so.

1849
01:30:25.680 --> 01:30:28.159
But then people will start take profit, and then once

1850
01:30:28.159 --> 01:30:30.279
it starts to drop, it is just as volatile going down,

1851
01:30:30.479 --> 01:30:31.840
and that's when a lot of people will lose a

1852
01:30:31.840 --> 01:30:33.720
lot of money because they bought it the high and

1853
01:30:33.720 --> 01:30:35.279
then they sell them. Then they never want anything to

1854
01:30:35.279 --> 01:30:36.960
do with bitcoin again. And even when it was at

1855
01:30:36.960 --> 01:30:39.359
sixty eight thousand and it dropped down to twenty two thousand,

1856
01:30:39.560 --> 01:30:41.840
it's gonna happen again because it's gonna drop from if

1857
01:30:41.840 --> 01:30:44.439
it gets to one thirty five, it's gonna drop under

1858
01:30:44.439 --> 01:30:47.079
one hundred thousand, most likely because it's very volatile.

1859
01:30:47.159 --> 01:30:49.399
I remember it hit an all time high of what

1860
01:30:49.520 --> 01:30:51.279
was it one o eight I think it wasn't. Then

1861
01:30:51.279 --> 01:30:54.319
it dropped to seventy yeah, and he didn't show it.

1862
01:30:54.680 --> 01:30:55.840
I said, what are you doing.

1863
01:30:56.039 --> 01:30:56.880
There's two to one.

1864
01:30:57.079 --> 01:30:59.720
There's two thoughts on bitcoin, as you hold it forever

1865
01:31:00.079 --> 01:31:01.960
or you buy in at the high and get scared

1866
01:31:01.960 --> 01:31:02.800
and never touch it again.

1867
01:31:03.000 --> 01:31:05.680
I think you have to. I think with companies like Nvidia,

1868
01:31:05.800 --> 01:31:09.920
companies like things like Bitcoin, you have to buy them

1869
01:31:09.960 --> 01:31:11.000
and just forget about them.

1870
01:31:11.079 --> 01:31:12.920
Oh don't we talk about it all the time, Like

1871
01:31:12.920 --> 01:31:14.359
you're saying, She's like, I missed.

1872
01:31:14.159 --> 01:31:15.760
It, but it's high way now. It would be hard

1873
01:31:15.760 --> 01:31:17.119
for me to just jump into.

1874
01:31:17.119 --> 01:31:19.600
You have to take a partial position.

1875
01:31:19.680 --> 01:31:21.760
Yeah, that's what I was gonna say, is like, she's

1876
01:31:21.760 --> 01:31:24.079
mad that she missed it, but it could easily go

1877
01:31:24.079 --> 01:31:25.760
over to two hundred. You don't know, So why don't

1878
01:31:25.800 --> 01:31:27.560
you buy a little percentage once, by a quarter of

1879
01:31:27.560 --> 01:31:28.079
the total?

1880
01:31:28.359 --> 01:31:29.520
Get an idea of how.

1881
01:31:29.399 --> 01:31:32.399
Much percentage of your portfolio you want in Nvidia, for example,

1882
01:31:33.119 --> 01:31:34.720
buy a little bit of it now, just so you

1883
01:31:34.760 --> 01:31:36.560
have some skin in the game.

1884
01:31:36.640 --> 01:31:38.920
It was like what twelve hundred and before ten.

1885
01:31:38.800 --> 01:31:41.159
For one went down to one to twenty, and then

1886
01:31:41.159 --> 01:31:43.199
it went down to like eighty five or something.

1887
01:31:43.319 --> 01:31:44.560
Now it was back to one sets.

1888
01:31:44.319 --> 01:31:45.880
One hundred and seventy. It could be one hundred and

1889
01:31:45.920 --> 01:31:46.359
forty it.

1890
01:31:46.319 --> 01:31:50.239
Could be five hundreds, still the leader for the next

1891
01:31:50.239 --> 01:31:52.159
couple of years as they keep coming out in new chips,

1892
01:31:52.239 --> 01:31:54.199
and it's still one step ahead of a MD, of

1893
01:31:54.399 --> 01:31:55.640
ahead of those kind of companies.

1894
01:31:56.039 --> 01:31:56.920
It'll still run.

1895
01:31:57.319 --> 01:32:00.239
If they get caught or surpassed by a company like

1896
01:32:00.279 --> 01:32:02.439
a MD, that's when you'll see the pullback, and that's

1897
01:32:02.479 --> 01:32:04.600
when you have to start saying, Okay, maybe I should

1898
01:32:04.600 --> 01:32:06.920
take some profit from there, Maybe there's other companies to

1899
01:32:06.920 --> 01:32:09.039
get into rather than just video. But from now they're

1900
01:32:09.079 --> 01:32:11.720
the high flyer. They are the leader, and there are

1901
01:32:12.159 --> 01:32:14.119
right as of now, they're the one. They're once ahead

1902
01:32:14.119 --> 01:32:14.560
of everybody.

1903
01:32:14.640 --> 01:32:16.680
Let's not forget they're getting into the robotic space. So

1904
01:32:16.680 --> 01:32:18.359
if that starts going for him, that could be another

1905
01:32:18.439 --> 01:32:19.600
catalyst for that company too.

1906
01:32:19.640 --> 01:32:22.560
Speaking of stock exactly working, how about raytheon another new

1907
01:32:22.560 --> 01:32:25.399
all time high. It turns out World Peace is not Emine,

1908
01:32:25.600 --> 01:32:31.319
no Golden Dome, the Golden Domes.

1909
01:32:31.359 --> 01:32:33.520
It's actually funny to see Ratheon do so good and

1910
01:32:33.560 --> 01:32:35.680
unlucky Martin just get destroyed lately.

1911
01:32:36.399 --> 01:32:36.640
Yeah.

1912
01:32:37.159 --> 01:32:41.039
Really, the movie The Other Direction, Yeah yeah, yeah. And Video,

1913
01:32:41.079 --> 01:32:43.399
which is of course the world's most valuable company, became

1914
01:32:43.439 --> 01:32:46.800
more valuable on Tuesday, after they announced they're getting the

1915
01:32:46.840 --> 01:32:50.760
nextport license to sell H twenty chips in China. Obviously,

1916
01:32:51.520 --> 01:32:54.039
Trump got some pushback on that because the White House

1917
01:32:54.079 --> 01:32:57.079
came out later and said it's only the nvidia's fourth

1918
01:32:57.159 --> 01:33:02.359
best chip. They're not getting the good stuff, and of

1919
01:33:02.479 --> 01:33:05.359
course not but why but China needs that, right, But

1920
01:33:05.399 --> 01:33:08.159
there's no reason to say that unless you're getting some pushback.

1921
01:33:08.600 --> 01:33:11.039
Yeah, but that was an issue earlier, like a beginning

1922
01:33:11.039 --> 01:33:12.439
of this year. I think it was with deep Seek

1923
01:33:13.079 --> 01:33:15.319
where they said they were doing more with their AI

1924
01:33:15.399 --> 01:33:17.800
stuff with worst chips from Nvidia because they can't get

1925
01:33:17.840 --> 01:33:21.560
the premiere ones. Then shot GBT was doing with their

1926
01:33:21.560 --> 01:33:22.279
premiere chips.

1927
01:33:22.520 --> 01:33:25.840
Yeah, you know. A poll of nine thousand recent college graduates,

1928
01:33:25.920 --> 01:33:28.359
Dean determined the course of study likely to give you

1929
01:33:28.399 --> 01:33:34.000
the best job prospect finance, and shockingly or not shock

1930
01:33:34.800 --> 01:33:38.359
the highest unemployment rate for engineer no no, no, Computer

1931
01:33:38.399 --> 01:33:42.279
engineering was down the list of ways the highest unemployment

1932
01:33:42.359 --> 01:33:46.800
rates anthropology and physics. So if you got a kid

1933
01:33:46.840 --> 01:33:50.239
majoring in anthropology with a minor in physics, you're ready

1934
01:33:50.279 --> 01:33:51.439
to help them out, all right.

1935
01:33:51.479 --> 01:33:54.119
So before we wrap this up, what was the funniest

1936
01:33:54.159 --> 01:33:55.800
story we heard this week.

1937
01:33:57.920 --> 01:33:59.640
Well, I don't think we can shed that on the air.

1938
01:34:00.319 --> 01:34:01.199
Oh you have another one?

1939
01:34:02.199 --> 01:34:08.079
The cold Play? Was that the funniest thing? I mean,

1940
01:34:08.800 --> 01:34:10.840
I mean you think about it. Okay, people have fans,

1941
01:34:10.880 --> 01:34:14.239
they do other stuff. They go to a concert, they

1942
01:34:14.279 --> 01:34:17.159
go into life camp and it's the h R person

1943
01:34:17.600 --> 01:34:20.079
who knows the rules and you can taint.

1944
01:34:20.560 --> 01:34:22.720
They set the rules of what not to do, and

1945
01:34:22.800 --> 01:34:25.680
then they're there with the married CEO and it's like,

1946
01:34:25.800 --> 01:34:27.680
if they didn't have that reaction, it never would have

1947
01:34:27.720 --> 01:34:28.239
gone viral.

1948
01:34:28.800 --> 01:34:30.960
But the reaction is what made it go all over

1949
01:34:31.039 --> 01:34:31.680
social media.

1950
01:34:32.239 --> 01:34:36.560
He duck down, She turned around, and their friend whoever,

1951
01:34:36.680 --> 01:34:39.640
the co working next to him was laughing so hard.

1952
01:34:40.000 --> 01:34:43.319
But I don't think they realized how once that would

1953
01:34:43.359 --> 01:34:47.640
go on social media until the Coldplay guy said, they're

1954
01:34:47.680 --> 01:34:52.920
either embarrassed or they're having enough fan You saw that.

1955
01:34:54.359 --> 01:34:56.800
You have not seen this? Oh my god, David, it's

1956
01:34:56.840 --> 01:34:59.680
all over. It's the funniest Sorry, I've ever seen it.

1957
01:35:00.359 --> 01:35:03.119
What who? I saw it on social media and the

1958
01:35:03.199 --> 01:35:04.479
Fox News place.

1959
01:35:04.760 --> 01:35:06.960
What do you mean who showed it to your Fox News?

1960
01:35:07.000 --> 01:35:07.359
You're talking?

1961
01:35:07.840 --> 01:35:08.560
I saw it on TV.

1962
01:35:08.680 --> 01:35:11.319
I don't watch new It's not businesses that for the

1963
01:35:11.439 --> 01:35:12.880
last six months, I've been so happy.

1964
01:35:14.239 --> 01:35:16.960
I thought it was the funniest thing I ever saw.

1965
01:35:17.279 --> 01:35:20.039
With that, we say goodbye, We'll be back next week.

1966
01:35:20.119 --> 01:35:23.560
Will your money matters? Everybody try to be happy. We

1967
01:35:23.720 --> 01:35:25.960
all want to be healthy, and until the end of

1968
01:35:25.960 --> 01:35:27.079
the day, we strive to be

1969
01:35:29.039 --> 01:35:29.760
See you next week.