Market Shifts and Security Threats: Navigating Volatile Times

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Good morning, everybody. It's that
time once again, Sunday morning, eight

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o'clock right here, seven ninety caters
to you're going to hear Money Matters with

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Dean Greenberg and then obviously we'll bring
in the whole crew later. We're gonna

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talk about everything from politics and how
it's gonna be affecting our money, and

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it's gonna be a lot. It's
been a busy week, there's no doubt

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about it. There's a lot of
news on all fronts and it's kind of

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exciting. Obviously, we saw the
RNC convention and it was pretty darn good,

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probably one of the most exciting ones
I've seen in my lifetime. A

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lot of good things were happening,
and we're moving forward. We'll see where

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it goes. I mean, obviously
it's easy to say that now because what's

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happening on the other side. They
don't know who's gonna come up, who's

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gonna do what. But as soon
as they decide, remember there's gonna be

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a lot of enthusiasm too. And
don't think they're not planning it out to

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get ready for their convention, which
is probably about three and a half weeks

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from now. So when that happens, you'll see it all start. But

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the one thing we got to do
is just remember it's pretty clear between the

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two sides. But whatever it is, all I'm asking for is both sides

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to come to a compromise on things. So one thing that I heard the

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other night that I really thought was
great, a lot of people talking about

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compromise, unity understanding what's going on. We need to go ahead and realize

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that compromise means you don't get everything
you want, and we have a fifty

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one percent majority when it usually happens, so you have to give up something.

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When you walk out of a room
after a compromise, you don't feel

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great, but you don't feel bad. So you kind of in the middle

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and say, Okay, I got
some things I wanted, I had to

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give up some things I didn't,
but you didn't win the home run,

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which is not a way a compromise
works, and for our country to work,

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that's what's gonna happen. But there
are some things we're gonna have to

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dig our heels into and some things
that we have to let go, and

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some things we have to compromise on. But the economy, I will not

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compromise on the border. I will
not compromise on Those are two things that

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need to continue to go and go
forward because one affects the other. And

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then when we have that right,
the economy does well and we move forward.

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One of the biggest things that I
continue to hear is that one side

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lies and the other side doesn't lie. And then you got these fact checkers.

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You know, nobody's lying, but
nobody's telling this whole story. How

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about that, okay, Because almost
every single thing that you hear from either

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side, it's say, well,
it's not exactly that way. They've taken

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some snippets and did this and ran
with that, and that's the way it's

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gonna be. That's politics. So
we got to sift through it and understand.

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And the biggest thing we have to
do from all point of view as

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stewards of your money and investing is
understand the tax consequences that are gonna happen.

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Understand if taris are going to hurt
or not. Understand if we have

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tax increases in taxes or we bring
taxes back down. How's the economy going

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to grow and where's it going to
go? And if you listened, well,

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it was very interesting. It wasn't
big pro business. Nobody was pro

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business. It was pro middle class, pro American people, where if they

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succeed and expand the rest of the
economy does great. And I think that

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was great to hear because if you
think about the nifty to fifty nineteen fifties,

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when economy was rocketed rolling, what
made people happy is they had money.

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They had money to feed their children, they had money to buy houses,

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they had money to go on vacation, they had money to buy cars,

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they had money to say. That's
why it was the nifty fifties.

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That's why people felt so good about
everything. Inflation is what we have and

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that's the killer. Inflation is why
people who are making more money feel that

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they're not there. And that is
why people are cutting back, and that

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is why you're going to see earnings
come down. You see an incredible situation

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where people the one side is talking
about, well, inflation's coming down.

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Look at a great job we did
with inflation coming down. Look how wages

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have gone up, Look how crime
is coming down. All they're doing is

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showing charts. If you remember that
was the Republicans. There were showing charts.

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Nobody cares about charts. They don't
vote because the charts. They vote

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because of what their heart feels.
They cut their their pocketbook, their family.

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The average person today could not afford
things without going into savings, and

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a lot of people don't have a
lot of savings. That is why the

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tide has changed somehow. The Republicans
made them the fun Party. Youth,

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the movement to youth is important.
Jd Vance important because it goes beyond the

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borders of the old regime. It
goes past the rhinos, it goes past

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everything it brings. The feeling is
and this is what I picked up,

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And I'm no punding on Siinano Fox, but what I picked up is we're

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willing to take a risk and try
new things because we think that's where we

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are now. We need to do
it. The fact that he talked about

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fixing Social Security and medicare with music
to my ears. Now will they get

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it done? I don't know.
But if we don't start talking about it,

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it doesn't happen. And if we
move in the right direction and Trump

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wins and does great like you're supposed
to, then we've got JD vance to

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take it. The next eight years
so finally we're looking at a twelve year

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plan, and I believe that's what
they're doing. They have a twelve year

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plan to make America what we need
it to be, strong and prosperous.

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The markets obviously popped out figured they
would do that. It's weird that if

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you go back and look two weeks, I said, this last week or

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so of July is a problem week, even though July is a good month.

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So I think next week's going to
be a time to start buying by

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looking to buy back in again,
we've had a rotation out of those semiconductor

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stocks into small cap stocks, which
he acted like semiconductor stocks for rising so

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much. But think about this,
Are you going to sell out of a

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Google, a Meta, and Apple
an video to buy a small company stock

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that's losing money compared to a Apple
that makes billions of dollars. No,

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the answer is no. So if
you're going to move over and you want

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some of that, which is what
we do, we have moved into and

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I've had small cap and mid cap
indexes. That is when the indexes come

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into play for the average individual,
because why take the risk to try to

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figure out what company that's not making
money is going to skyrocket, and I

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know you're gonna get newsletters and people
tell you all this stuff. It's fine,

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let it go. I'd rather make
the money on the big companies and

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go into the indexes on the others. It's called reducing your risk, but

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it's still exposing yourself to risk.
At the same time, the markets are

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not done going higher. I believe
this is a rotation down. I believe

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we'll see a bottom in the next
week or two, so we're down maybe

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three percent or so, then we
get down five seven percent. I don't

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think we go down ten percent.
I guess we could if something happens,

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but it's a by going into the
end of August and the in the middle

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of September. That's when you want
to cut back on your semiconductors because that's

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usually when they top out a bit. So I think there's another bounce coming

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in them, and if you're over
invested, take some money off the table.

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This week was a little rough though. You saw the S and P

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down two percent and that's back down
three and a half percent. You saw

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the Dow actually up point seven percent. Reason is we had a seven hundred

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and fifty point day. The other
day when the add when the S ANDP

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was actually down, the Wrestle two
thousand was up one point seven percent.

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That's what I'm saying. There was
a rotation out of one into the other.

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It'll leave it out again. But
for the year, you have the

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DOW up seven, the S and
P up fifteen, the NASZAC up eighteen,

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the Rustle now is starting to move, it's up eight and the equal

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weight that S Andp's up six point
seven. Those are still very good returns.

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Take out the S ANDP of the
NASDAC of the rest of the markets

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for six months, seven months into
the year, So remember that as we

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go through all this. The big
obviously news on the other day was crowdstrikes

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update that they put into Microsoft that
has given everyone a computer outage. And

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I'm not talking about just small people. I'm talking about the major, major

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industries. We were half up,
half down on Friday. I hope it

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gets fixed by Monday. But the
airlines, could you imagine me going to

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the airport at three four five in
the morning, which any of us do,

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to catch that flight out of Tucson, and just having to wait and

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wait and wait because nobody know what's
going on. At least we have a

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small airport. Could you imagine being
at the major airports, the Chicago,

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the New York's, the Dallas,
the Atlantas, the LA's, Oh my,

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it has to be just absolutely annoying. And it's the summer. People

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are going on vacation, they're going
to SCO to our weddings, they're doing

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all that stuff. People are busy
here and just got shut down. And

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the airlines are going to say,
it's not our fault, so they're not

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going to reimburse people. They'll try
to get them on other flights, of

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course, but it's not their fault
that the computers went down CrowdStrike, the

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fact that it wasn't a a disruption
caused by a virus or somebody trying to

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hack in. We'll get out of
this. It's embarrassing. He took the

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blame. He stepped up. He
said, hey, you know, I'm

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sorry for all this stuff. This
is a bug. We will fix it.

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It's just more of a nuisance and
annoying. And when you're going through

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what it's there. But if you're
if you're traveling, wow, that's not

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a lot of fun. And down
the road there probably be a fallout at

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some time for them to have to
give back some of the money to their

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big clients, because the airlines are
gonna be out money. You know,

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just think of who didn't travel today, who everybody it's a CrowdStrike is huge,

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and they have all the big companies. But then you start thinking,

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wow, if that was just from
an update, could you am if we

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had a cyber attack? And then
he realized, wait a second, that

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could easily happen. We need to
be concerned about things like this. We

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talk about it's not a matter of
it happening a terrorist attack in the United

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States, whether it's on electrical grid
or a water system or blowing up something.

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It's a matter of when. And
we all feel the same way.

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Last Saturday when President Trump was shot, everybody was in shock. Everybody stood

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up, He got a lot of
support, But when he sat down and

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realized what happened that many people were
not surprised because of the way we are,

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the position that we are as Americans
right now, the division that we

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have, So don't be surprised if
these things happen. That the black swan

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that we talk about that could happen
and create a problem where the markets go

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down more than they can. So
that's why I'm saying, as we go

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up and we make new highs,
have cash right, be smart, reallocate,

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reduce your risk, mitigate your risk. So if it does though that

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you're not sitting there going wow,
what am I supposed to do? Now?

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What you'll be looking for is what
are you going to be buying now?

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What are you looking for now?
The normal market rotation we're having,

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that's fine, you tell you,
that's why you took some money off the

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table if you're too overloaded in tech
stocks and if you were buying back into

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the indexes at the lower place for
mid cap, small cap, microcap.

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Things have a way of doing that, but they don't just stop right away.

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And that's why I think we still
got another month or so of a

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rally and put a bottom in here
somewhere along the line. Moving forward on

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on the on the political scale,
all right, you got you got Trump

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going forward right now. It's his
seems to be his presidency to lose,

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his election to lose. It's going
to depend on how he comes off,

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whether people stay with him. Obviously
a lot of people rally behind him.

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His numbers are gonna go up.
But the Democrats aren't stupid, even though

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Biden doesn't want to leave. Pretty
interesting that all of a sudden he's got

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COVID, and when you got COVID, you're not supposed to be around people.

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But was it only me that saw
him come off the plane into the

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car shaking hands with people without a
mask on? What did you think that?

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If you're going to say he's got
COVID and he's got to isolate that

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he would have a mask on when
he at least was in public coming down

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and not shake hands with people,
think about that. They need to isolate

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him because they feel that is the
way the label will be able to get

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through. And now this is advisors
and his family because most of the other

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people want him out, and that's
gonna throw a whole new wrench into where

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we're going. What's happening. If
he's out and somebody else gets in.

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You can say what you want all
day long about the Democrats, whether it's

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Kamala Harris or Newsom or somebody else. They will have a plan also,

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and they will get a bunch of
excitement, especially at the beginning, until

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the Republicans are prepared to go ahead
and start showing their record against the record

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and just keep talking the same talk
on how we're gonna cut down on crime

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by shutting down the wall, increase
jobs, continually increase jobs. No one's

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taken anything away from Biden's group of
keeping unemployment low. But they forget who

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got it there in the first place. And then we had a pandemic which

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made it go up really quickly.
And of course it's going to go down

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when you have no jobs. Of
course inflation's going to come down once it

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shoots up to nine percent and come
down. But people forget we had no

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wars. People forget what they said
about Trump, that he's going to create

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a recession, that he's going to
be the one that puts US in World

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War III, that he's in humane
by not letting people come across the border.

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You remember all these things. It
didn't happen. It did not happen.

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You could tell me all day long, and they sit there and you

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know what I'm talking about, that
the Democrat and the Democrats the lest three

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and a half years, crime is
coming down, inflation is coming down,

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wages are going up. You look
at the economy, you ask people,

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you ask them, what do you
think that you're okay? Do you feel

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less stress or more stress than four
years ago? Are you paying your bills

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easier now than you did before?
The answer all the time is no.

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The answer is I'm making more money
in my salary, but I don't understand

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why I have less when I'm done. And it's called inflation. You don't

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raise wages fast enough to take care
of inflation. And then you can tell

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me all day long that inflation is
a two and a half or three percent.

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Now, it's not that feeling.
It's been the whole time, and

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real inflation, real inflation is a
lot higher than that. Just look how

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much gas prices are up. Look
how much eggs are up, Milk is

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up, food is up, Grocery
stores are up, Travelers up, Airline

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interrupt a lot more than that.
They might have come down a little bit.

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I haven't seen it, but they're
up, and that dollar does not

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stretch as much as it could.
So I don't know if this is what's

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going on in America or what.
But I'm going to give you a little

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story here of a conversation that I
had the other day, and I was

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with a younger person and who I
coach with. And we got done with

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practice and we're sitting on the couch
in the coach's office and I say,

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hey, what's going on? He
goes, things are great? And I

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said, oh, yeah, what's
going on? He goes, I finally

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got to prove for food stamps.
I said great. He goes, I

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feel so good now. I finally
feel like I'll be able to feed my

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kid and be able to take care
of my wife and be able to do

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the things I need to do as
a dad. I'm working two jobs now

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and it's not happening, and coaching
football because he still wants to give back.

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So I said to him, I
said, okay, so how are

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you going to change this? He
goes, what do you mean? I

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said, well, who are you
going to vote for? And he goes,

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I don't get involved with that.
I don't understand politics. He says,

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my vote means nothing. It's everybody
else's voted. At the top,

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top, the people with the power, they're the ones that vote counts.

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I said, what are you talking
about. I said, your voter is

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as important as my vote, as
important as everybody's voting. He did not

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understand that he doesn't understand that inflation
and what's gone on in the last four

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years has been created this because he
didn't have it before. So what I

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did was continue to educate him and
talk about why we have inflation. I

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asked him about the bo he doesn't
like people coming across the border. We

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have talked about crime and all this
other stuff. I said, well,

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do you know which candidate is going
is out there talking about helping you versus

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the other side? He goes,
I don't know too much, but I

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think what i've heard is probably Trump. I said, well, you're going

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to vote for him? He says, well, I have no choice now

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after you explained it to me.
I think the problem is people do not

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understand and they're afraid to ask,
And a lot of people on the other

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side that do understand don't know how
to explain it in a simple terms.

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They don't understand the difference between one
side and the other. They don't understand

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that what happens in the economy.
They don't understand that one person can bring

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down inflation. Then eventually they both
can bring down inflation, but one can

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do it quicker, the one with
the business knowledge. I told them is

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the one that can handle that.
The one that is tougher is the one

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that can handle toughness on crying.
The one that shows toughness as America is

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the one that can negotiate foreign policy
with the Putins and the Cheese and the

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Iranians on a whole different level.
We will get our hostages back. Why

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we haven't been pushing that and talking
about it every day from Israel, I

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don't know. I don't know how
we ended up having American hostages with hamas

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and having people on our college campuses
protesting against Israel without asking for hostages back

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is beyond my imagination, other than
the fact that people don't understand. We

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talked about this before, how women
and LGBTQ who protesting against Israel don't even

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not understand. I could even live
a life even close to what they live

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here without being harassed or obviously LGBTQ
killed. Okay, I believe our country

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needs to educate and I think they've
done it down in order to create the

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power that they want. And it
all starts now. We need to change

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now. We need to educate our
young people now. They need to learn

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as much as one side as the
other. Now and at the end of

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the day, we need to be
compromising on all issues. We need to

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compromise on all social issues. I
want to show love, you want to

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show unity, you want to do
all those things, We got to compromise.

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How you feel should be your choice. You want to have a gun,

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you should have a gun. If
you don't want to have a gun,

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don't have a gun. If you
want to have an abortion, have

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an abortion, but don't have an
abortion past sixteen eighteen weeks. If you

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want to be gay and have those
rights, have those gays and had those

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rights. It should be nobody else's
choice. We have moved to that part

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of America that that's what we need
to do and compromise. Do not let

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other people affect how you feel,
and don't let them you go ahead and

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tell other people how they should feel
and do. When we get to that

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point, we can move forward.
I'm more concerned about are we going to

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be tough enough to be the best
country and the best economy and the best

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of ourselves. Are we going to
make other people pay for things that we

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keep supporting. I believe in that
so wholeheartedly. I cannot believe that people

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don't ask how much did Finland pay
the NATO. How much of these fifty

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countries that say that supporting US in
Ukraine are paying. That's all we want

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to know. Okay, if there's
a problem with student loans and they can't

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pay them, well, why can't
they pay him back? And what is

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the solution other than just giving it
to them off? Because what about every

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other kid that gets a student loan
and things are more expensive? Now you

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think it's gonna get easier for these
people in five years, ten years,

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it's not think about all that stuff
and then you can decide which way you

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want to go. But in my
in my situation, it's pretty clear.

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Thanks for listening. We'll be back
with the rest of the show. You

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guys are great. Welcome back everybody. It's money matters and we got David

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Dillon and Todd here today. I
got a brand new mic and a new

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mic stand. I'm gonna be so
smart. I know I'm gonna sound so

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smart with his new mic. I
was so clear right for the ev Garage.

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You had a nice trip to Kentucky
last week, didn't you bring ingreetients

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from Louisville? Yeah, I went
to election down to your haunt, your

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old haunt. Yeah, that the
Rupp Arena. I got to see Rupp

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Arena. I got to see Kroger
Field there. I was reminded it's green,

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it's roll. And I was reminded
that it takes a lot of crappy

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weather to keep it green. Oh
it rains, it's like twice a week

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on average. Oh yeah, no, no, no, and and and

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I hadn't flown in five years because
there's no reason to fly when my grandkids

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are in Orange County, right,
So I haven't really haven't fallen. This

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was a family reunion back there.
I flew back to Louisville and I and

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airline travel is as crappy as I
remember it from five years ago. It

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could have been worship. It was
on Friday. Oh can you imagine flying

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on Friday two hours beforeheads Oh sir, you're going to have to wait.

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We don't know when we're gonna get
ready. And he looks at every second

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00:25:37.759 --> 00:25:40.519
in the car and left. Yeah. No, I would have been in

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a car and drove back to you. Sol. I was again shocked at

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the real estate prices in Kentucky.
They are so so low, it's just

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00:25:49.920 --> 00:25:55.000
shocking. I mean I was seeing
three thousand square foot English tutors, beautiful

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homes six point fifty. I mean, it's just it's crazy. It's unbelievable.

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The pretty low it's very low.
Yeah, it's very low. Went

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out to a brunch that would cost
fifty bucks in two son, it was

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twenty five because I said to the
people that they said they would treat and

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I said, but it's going to
cost you an armor and a legh.

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I don't think so twenty five bucks
a person all you could eat breakfast buffets

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like what? Wow? This state
like Kentucky, and I did see.

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I did see fewer, noticeably fewer
electric vehicles in Kentucky. A lot more

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farming. I don't know, I
don't know why, but in fact,

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no longer drives. I had to. I had a high five a Tesla

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00:26:33.799 --> 00:26:37.200
owner I saw in the parking lot
of the restaurant, because that's the flights

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there. They're back there, obviously, but nowhere near in the numbers that

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you see here, and obviously California
is well, that's good fun. Week

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in the markets. We had a
lot of action, uh this week,

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continuation of the trend we saw that
started last week with the small cap stocks

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getting the bid, and some of
the high flying tech stocks that have led

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00:26:53.799 --> 00:26:57.200
this rally the entire year kind of
being sold off, and some of that

333
00:26:57.319 --> 00:27:02.839
rotation training continued into this week.
But how about the Dow going up twelve

334
00:27:02.920 --> 00:27:07.400
hundred points in three days following the
Trump shooting, which was seen by many

335
00:27:07.480 --> 00:27:11.000
of the traders as being a leg
up for him in terms of his chances

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00:27:11.079 --> 00:27:15.359
of winning, and the market really
liked that. Came out of the shoot,

337
00:27:15.400 --> 00:27:18.559
the best day for the Dow in
over a year, followed the next

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00:27:18.599 --> 00:27:22.559
day by the worst day for the
Nasdaq, says twenty twenty two. That's

339
00:27:22.559 --> 00:27:26.599
what it talks about by monolog the
rotation. Yeah, the rotation, okay,

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00:27:27.799 --> 00:27:30.599
which tells you there's not a lot
of money there to continue to make

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00:27:30.640 --> 00:27:37.039
the market make new highs. Okay, because in a broad based market,

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00:27:37.839 --> 00:27:41.000
the other stocks don't fall off so
much and the other ones come up so

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much. Okay. So they had
a rotation out of the high flyers,

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00:27:45.680 --> 00:27:49.839
quality big tech stocks all into the
small tech and made those move up a

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00:27:49.880 --> 00:27:53.359
lot. And the reason they move
up a lot is liquidity. Let's face

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00:27:53.400 --> 00:27:56.799
it, you can't get in and
out of them, and that is why

347
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we go ahead and most of the
time use indexes, the MDCAP, the

348
00:28:00.000 --> 00:28:07.160
small cat and it's part of AWE
GWG index models. And that's why we're

349
00:28:07.160 --> 00:28:08.440
in it. We don't know when
they're gonna pop. We don't know when

350
00:28:08.440 --> 00:28:11.160
it's gonna do it. We know
this take some money off when they're too

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00:28:11.240 --> 00:28:17.960
high. We allocated to the ones
that are low and GfG indexes GWG.

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Oh yeah, that's right, GfG. I like And I think this week

353
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and other thing that maybe it was
a little bit of a boost. Is

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Biden really kind of opened the door
to not running where he said, Oh

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00:28:32.920 --> 00:28:37.279
no, no, he he's he's
just not opened the door. Everyone around

356
00:28:37.319 --> 00:28:41.359
him has opened the door. He
said he might quit if medical conditions surface.

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And then and then we find out
the next day he has COVID.

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That's what I'm saying. I would
be surprised if he doesn't on Friday,

359
00:28:49.279 --> 00:28:52.680
Friday, that he's done it right. But then he said, also if

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I have a medical condition, that
was why on Friday he did. And

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00:28:57.000 --> 00:29:02.400
on Friday he came out. This
thing came out after the COVID, after

362
00:29:02.440 --> 00:29:07.279
COVID. Now he came out on
Friday all day Friday, they met and

363
00:29:07.319 --> 00:29:10.079
they believe they have a path to
win. And he's not getting out of

364
00:29:10.079 --> 00:29:14.279
the race. If he's killing with
my Sunday next week he's out. He

365
00:29:14.480 --> 00:29:18.079
gone. Yeah, I'd be absolutely
shocked if he's not gone within thirty days.

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A lot of the people in the
Democratic Party want I'm gone. Well,

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00:29:21.000 --> 00:29:23.960
and the fundraising is drying up.
You can't run a campaign without money.

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00:29:26.279 --> 00:29:30.119
Campaign rallies are filling up and donors
are going to her. Yeah.

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I think she will be there,
which is crazy because she was the worst

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00:29:32.720 --> 00:29:37.279
candidate four years ago. This is
if I could tell the Republican Party of

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00:29:37.359 --> 00:29:41.200
anything to do and talk about it
that they switched it. It's just going.

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00:29:41.240 --> 00:29:47.119
You know, look at their party. If it doesn't go their way,

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00:29:47.200 --> 00:29:49.079
they don't dig their feet in,
they don't figure out a way to

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00:29:49.119 --> 00:29:53.960
do it and try to win.
They quit. They have always quit,

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00:29:55.519 --> 00:29:57.920
or they changed the rules. That
is why now the so upset with the

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00:29:57.920 --> 00:30:03.079
Supreme Court. When they had controlled
the Supreme Court and everything went their way,

377
00:30:03.160 --> 00:30:07.680
it was fine. Now things don't
always go their way and it's not

378
00:30:07.759 --> 00:30:10.839
fine. So what do they want
to do? Change the rules? They

379
00:30:10.920 --> 00:30:15.319
always want to change the rules.
Biden's their man. They elected Biden.

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00:30:15.519 --> 00:30:18.880
They lied to us for four years, three and a half years, about

381
00:30:18.920 --> 00:30:23.480
how healthy he was and how fine
he was until it wasn't. And now

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00:30:23.519 --> 00:30:26.839
they want to go ahead and get
out of there, even though he's still

383
00:30:26.200 --> 00:30:30.119
the people. I don't know how
many people, what fourteen million people voted

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00:30:30.119 --> 00:30:34.440
for him to stay in and now
they're just throwing the towel. Let's get

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00:30:34.519 --> 00:30:37.359
somebody else in there, let's change
the rules. Yeah, but no one

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00:30:37.440 --> 00:30:41.039
has told us who's really running the
country now. We don't know. The

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00:30:41.119 --> 00:30:42.960
thing is they're like, yeah,
for three and a half years, they're

388
00:30:42.960 --> 00:30:45.119
like, no, he's the healthiest
he's ever been. He's healthy, healthy,

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00:30:45.160 --> 00:30:48.759
healthy, And you're like, it's
clear that he's not. Nothing is

390
00:30:48.880 --> 00:30:51.599
changing. These videos that you see
in the last week. They've been the

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00:30:51.640 --> 00:30:53.279
same for three years. Yet all
of a sudden that side is saying,

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00:30:53.319 --> 00:30:56.680
yeah, he's not healthy, we
don't want him in. So when they're

393
00:30:56.680 --> 00:31:00.920
clearly just lying, I want to
know who's running the country so they can

394
00:31:00.960 --> 00:31:04.279
go ahead and know who they're voting
against or for. That's all who were

395
00:31:04.400 --> 00:31:07.599
running against. What kind of policies
are they going to put in? I've

396
00:31:07.640 --> 00:31:11.720
said before it's Trump and abt anybody
but Trump. Those are the two candidates'

397
00:31:11.799 --> 00:31:19.200
Dave, there's people running the Democratic
Oh no, yeah, I get it.

398
00:31:19.240 --> 00:31:22.759
Is it Obama? Tell us it's
Obama. So we know what kind

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00:31:22.759 --> 00:31:26.279
of policy is going to have.
We as investors and people, we don't

400
00:31:26.279 --> 00:31:29.359
know what they're going to do other
than they come up with things that just

401
00:31:29.440 --> 00:31:32.640
cost money. We kind of know
what their whole agenda is. In my

402
00:31:32.680 --> 00:31:34.920
opinion, Democratic agenda is to get
to that one world government, the one

403
00:31:36.119 --> 00:31:40.480
they want the more power to be
in government because they have more power that

404
00:31:40.559 --> 00:31:45.200
way, and so that's why they
create these crisises and then get more power

405
00:31:45.319 --> 00:31:49.119
involved afterwards and through legislation, and
that's their trend always. That's why they

406
00:31:49.160 --> 00:31:53.920
do regulations and why this Biden administration
all these lawsuits they've tried to put on

407
00:31:53.920 --> 00:31:57.519
these companies. Not a single one
has actually worked, but they do it

408
00:31:57.559 --> 00:32:00.680
constantly. You don't see that with
the with the Red parties. So they

409
00:32:00.960 --> 00:32:05.799
they just want government to be bigger
and bigger. That's their overallen just like

410
00:32:05.839 --> 00:32:08.240
you said, but you know,
everyone talks about this is the biggest,

411
00:32:08.400 --> 00:32:15.240
most important election ever for democracy.
No, it's the biggest important election we

412
00:32:15.319 --> 00:32:19.200
can see for economy, all right, because if we keep going down this

413
00:32:19.400 --> 00:32:25.039
road of giving away things, allowing
people to come in, going ahead and

414
00:32:25.359 --> 00:32:31.200
giving them free free housing, free
food, giving them jobs, our economies

415
00:32:31.240 --> 00:32:35.200
are going to do what's supposed to
do. It is a problem. If

416
00:32:35.200 --> 00:32:40.799
we don't open up Pennsylvania and Kentucky
and and and and and for the coal

417
00:32:40.880 --> 00:32:44.720
and the oil and all, and
allow it to fee and natural gas,

418
00:32:45.559 --> 00:32:49.880
we're not going to grow as a
country. I don't care what they say.

419
00:32:49.880 --> 00:32:52.960
I'll argue them all day long.
And what's always funny is half the

420
00:32:52.000 --> 00:32:55.440
people say this. Half the people
say that at the end of the day,

421
00:32:57.720 --> 00:33:00.880
we need to take care of ourselves
and build us up for us before

422
00:33:00.920 --> 00:33:04.519
someone can tear us down. Well, you can't see that the open border

423
00:33:04.559 --> 00:33:08.759
is a problem at this point.
Is hard to understand if you can't see

424
00:33:08.799 --> 00:33:13.400
that that is a problem, right, And it all stems on our immigration

425
00:33:13.519 --> 00:33:16.680
policies, which are our cake and
need to be updated, Oh, no

426
00:33:16.799 --> 00:33:21.200
question. And as that's Congress,
of course, which can't decide what color

427
00:33:21.279 --> 00:33:24.039
the sky is exactly, and they
couldn't agree this guy is blue. The

428
00:33:24.079 --> 00:33:29.279
one thing everyone's got to realize though
all this stuff creates risk. It really

429
00:33:29.279 --> 00:33:31.480
does, and you have to know
how to mitigate your risk for investing,

430
00:33:31.720 --> 00:33:35.640
you have to know what your risk
tolerance is. I don't know, you

431
00:33:35.720 --> 00:33:37.920
know, we always the last couple
of weeks, it's amazing how many people

432
00:33:37.960 --> 00:33:42.680
have been coming in here for financial
plan and get a plan and have an

433
00:33:42.720 --> 00:33:45.400
idea of what to do. The
biggest question we keep give and saying,

434
00:33:45.400 --> 00:33:51.920
Okay, so what are you going
to do if this happens? And our

435
00:33:52.000 --> 00:33:55.039
answer is we don't wait till it
happens because we don't know what it's going

436
00:33:55.119 --> 00:33:59.720
to happen, but we try to
mitigate the risk before that when we think

437
00:33:59.759 --> 00:34:02.000
it's right. One of the things
is is having a bunch of cash right

438
00:34:02.000 --> 00:34:06.720
now. We have sold into it
and taken to tread some things and raised

439
00:34:06.720 --> 00:34:09.119
our cash position to it's nice.
We don't think it's the top of the

440
00:34:09.159 --> 00:34:12.400
mark. We don't think it's that
big of a move down right now.

441
00:34:12.760 --> 00:34:15.559
The thing that really went down more
than anything now is not the Dow.

442
00:34:15.960 --> 00:34:20.480
The it's the it's been the big
tech stocks. Everything else is held in

443
00:34:20.519 --> 00:34:22.880
there. Different pain stocks have held
in there, or the equal weighted S

444
00:34:22.920 --> 00:34:27.119
and P is up, so we're
right on track of what we believe is

445
00:34:27.159 --> 00:34:32.519
happening. Come later on, let's
just say a new high, moving it

446
00:34:32.559 --> 00:34:36.559
to the third end of August,
beginning of September. Then we're going to

447
00:34:36.679 --> 00:34:44.159
use our mitigating, mitigating risk techniques. Okay, investment strategies. One,

448
00:34:44.639 --> 00:34:46.519
we buy the inverse fund, we
can do that. Two we can use

449
00:34:46.519 --> 00:34:52.199
option strategies, especially on big,
big stock positions that you have too much

450
00:34:52.280 --> 00:34:54.920
get tax gain. You can't get
rid of it. Okay, we can

451
00:34:54.960 --> 00:35:00.760
do that. But the first thing
we do is raise cash and sit in

452
00:35:00.840 --> 00:35:02.840
the money market fund and wait.
These are ways to do it, but

453
00:35:02.880 --> 00:35:08.159
you have to do something. We
will not ever sit here and say,

454
00:35:08.199 --> 00:35:10.320
well, just wait for something to
happen, and if it goes down,

455
00:35:10.360 --> 00:35:14.079
don't worry. We're not going to
do anything. I want to be prepared

456
00:35:14.159 --> 00:35:16.480
if it comes down. Yes,
we lose money. You're going to lose

457
00:35:16.519 --> 00:35:21.320
money if the markets go down.
But would you rather be a buyer when

458
00:35:21.320 --> 00:35:23.760
they go down? The panic seller? And when it's going down you never

459
00:35:23.800 --> 00:35:27.079
have enough cash. One is going
up. You never have enough stock.

460
00:35:27.639 --> 00:35:30.920
It's just it's a given right,
right, and it all starts with your

461
00:35:30.920 --> 00:35:37.480
allocation and understanding and having to know
what's going on. But everything has risk.

462
00:35:37.039 --> 00:35:39.639
We always tell people they have risk, be careful of risk, know

463
00:35:39.719 --> 00:35:45.159
your risk tolerance for us, and
that's why we do every day We're doing

464
00:35:45.199 --> 00:35:50.719
financial plans for people for free because
we believe they need to know where they

465
00:35:51.039 --> 00:35:53.440
sit. We'll be right back to
the Moneymatter Show. Appreciate your listening.

466
00:35:55.760 --> 00:36:00.440
Welcome back everybody to the Money Matters
Show. This is the Greenberg with David

467
00:36:01.039 --> 00:36:07.519
Sherwood, Dylan Greenberg and Tid Glick
bringing you a lot of information. Honestly,

468
00:36:07.639 --> 00:36:13.559
we've been talking about actually risk,
mitigating risk, how politics is going

469
00:36:13.639 --> 00:36:16.320
to be affected the economy. You
know, over the next three months,

470
00:36:16.320 --> 00:36:22.800
it's going to be important setting up
your portfolio and protecting it because nobody really

471
00:36:22.840 --> 00:36:27.519
knows what's going to happen. Yeah, I mean, this risk tolerance school

472
00:36:27.800 --> 00:36:30.840
tool that we've been using just got
updated, and I really want to spend

473
00:36:30.840 --> 00:36:34.239
some time talking about some of these
updates because I think it's really cool and

474
00:36:34.280 --> 00:36:37.239
a lot of people are going to
benefit from using this. So, as

475
00:36:37.280 --> 00:36:39.960
I talked about last week, there
is this risk tolerance where we can put

476
00:36:39.960 --> 00:36:44.159
in your current holdings of your portfolio
and it will give us a risk score

477
00:36:44.239 --> 00:36:46.119
from one to one hundred. For
example, the S and P five hundred

478
00:36:46.159 --> 00:36:50.280
of risk wore of around seventy seven. A bitcoin would be a ninety nine.

479
00:36:50.280 --> 00:36:52.519
All cash is a one. Right, So depending on each one of

480
00:36:52.519 --> 00:36:54.559
those holdings and all the holdings in
your account, you'll get your risk or

481
00:36:54.679 --> 00:36:59.280
as a portfolio. Then you'll also
have your own individual risk or to see

482
00:36:59.280 --> 00:37:00.760
if they match up, which is
all fine, cool. That's how the

483
00:37:00.920 --> 00:37:05.440
plan was for a long time.
But now they updated the risk to now

484
00:37:05.480 --> 00:37:09.039
we can see the estimated tax drag
for each one of your holdings. Normally,

485
00:37:09.679 --> 00:37:14.000
it is not something you need to
worry about for individual stocks. You

486
00:37:14.039 --> 00:37:16.880
don't really too much have to worry
about it for ETFs, but you definitely

487
00:37:16.880 --> 00:37:21.559
need to worry about it for mutual
funds. The difference is the key differences

488
00:37:21.559 --> 00:37:25.519
between mutual funds and ETFs is ETFs
trade on the stock market and are priced

489
00:37:25.559 --> 00:37:29.960
every pretty much second, where mutual
funds are priced once a day, and

490
00:37:30.079 --> 00:37:32.599
they have a lot of their mutual
fund managers inside of them, so they

491
00:37:32.599 --> 00:37:37.880
have usually higher cost ratios. On
top of that, mutual funds are very

492
00:37:37.679 --> 00:37:43.480
not as tax efficient as ETFs.
Now that point goes kind of over most

493
00:37:43.480 --> 00:37:46.559
people's heads tax efficiency, who cares, But it actually makes a real big

494
00:37:46.559 --> 00:37:52.360
difference in the long run. So
this tool that we have now will actually

495
00:37:52.400 --> 00:37:55.599
show you on a percentage basis,
annual percentage basis, how much that tax

496
00:37:55.679 --> 00:38:01.000
drag is impacting your return on each
whole. And so with mutual funds,

497
00:38:01.000 --> 00:38:07.199
as I've started working with this tool, it always has higher tax track percentages

498
00:38:07.440 --> 00:38:10.079
than compared to ETFs, and obviously
stocks don't have any really tax track,

499
00:38:10.360 --> 00:38:14.639
so that's why you really need to
take into that account. As well as

500
00:38:14.679 --> 00:38:17.440
the expense ratio. Everyone pretty much
knows expense ratios these days. They know

501
00:38:17.480 --> 00:38:22.280
that that's the fee that you're getting
charged a percentage basis point that you're getting

502
00:38:22.360 --> 00:38:24.599
charged to be in that fund for
a whole year's period. But on top

503
00:38:24.639 --> 00:38:29.360
of that, you are good.
There could be tax implications that you're not

504
00:38:29.400 --> 00:38:32.320
really understanding how it impacts. Now
we're able to see that. So we

505
00:38:32.360 --> 00:38:37.039
can see your annual dividend rate,
we can see how much you should be

506
00:38:37.079 --> 00:38:40.920
getting on market growth or market market
loss based on your portfolios risk score.

507
00:38:42.119 --> 00:38:45.840
And the last thing I'll talk about
is now we can run your risk score

508
00:38:45.920 --> 00:38:50.239
your current portfolio through market scenarios.
So I can run you through the two

509
00:38:50.280 --> 00:38:53.239
thousand and eight financial crisis, I
can't run you through the twenty twenty inflation

510
00:38:53.360 --> 00:38:57.480
crisis or I mean the pandemic,
or I can run you through the twenty

511
00:38:57.480 --> 00:39:01.760
twenty two inflation crisis where bonds actually
performed really worse. And so if you

512
00:39:01.760 --> 00:39:05.679
have a conservative portfolio, I can
show you how that would have been impacted

513
00:39:06.079 --> 00:39:08.119
all these different scenarios, bull market, bear market. I can show you

514
00:39:08.159 --> 00:39:12.760
what your portfolio would have done in
comparison to the S and P five hundred,

515
00:39:12.960 --> 00:39:15.960
so you can get an idea of
how risky your portfolio is if one

516
00:39:15.000 --> 00:39:20.000
of those events were to happen again. One thing that no one ever talks

517
00:39:20.000 --> 00:39:22.639
about with mutual funds and Todd,
I think you pointed out clearly that the

518
00:39:22.719 --> 00:39:29.400
primary difference is ETFs trade throughout the
day and mutual funds are priced once a

519
00:39:29.480 --> 00:39:31.599
day at the close. One thing
that no one ever talks about is the

520
00:39:31.639 --> 00:39:36.880
capital gains distributions, and there's no
way to predict that. There's no way

521
00:39:36.920 --> 00:39:40.000
to predict it. And back in
twenty two, twenty twenty two, when

522
00:39:40.000 --> 00:39:49.400
the market was down twenty percent,
plus a number of mutual funds distributed large

523
00:39:49.480 --> 00:39:52.639
capital gains near the end of that
year. So not only did you see

524
00:39:52.639 --> 00:39:58.280
your principle diminished by twenty percent,
but you got a tax bill on top

525
00:39:58.320 --> 00:40:00.840
of it, and there's no way
to control that. That's because they was

526
00:40:00.920 --> 00:40:04.320
selling out of things sure tech,
they portfolio, absolutely, they had one,

527
00:40:04.360 --> 00:40:07.920
and they created capital gains that are
passed through to you. You don't

528
00:40:07.920 --> 00:40:13.679
see that with an ETF. So
that's that's a fairly significant And there's one

529
00:40:13.719 --> 00:40:16.039
fund though we were looking at it. It's a pretty good growth fund,

530
00:40:16.079 --> 00:40:21.000
but I mean it's a three percent
tax drag. Yeah, ETF that has

531
00:40:21.079 --> 00:40:28.840
somewhat similar growth that oriented point four
now actually can in fifteen percent of the

532
00:40:28.960 --> 00:40:31.599
of the value of Yeah, like
the capital gains thought that hidden capital gains

533
00:40:31.599 --> 00:40:35.519
tax gets a lot of people.
It's insane. Hey, what happened to

534
00:40:35.559 --> 00:40:40.840
bitcoin after the shooting? It loved
well everything last week. It started as

535
00:40:40.880 --> 00:40:45.440
started with that Trump assassination. It
did. It pops a real big off

536
00:40:45.440 --> 00:40:50.280
of it. Because Trump is speaking
at the Bitcoin conference in July twenty fifth,

537
00:40:50.480 --> 00:40:52.920
and the Bitcoin conference people reach back
out to him after the assassination.

538
00:40:52.960 --> 00:40:55.320
Type of said are you still coming? And he said, yes, I'm

539
00:40:55.320 --> 00:41:00.079
still coming. So Bitcoin loves that. It would be the first real big

540
00:41:00.119 --> 00:41:05.519
president in any country to say that
they're even entertaining a conversation around bitcoin.

541
00:41:05.840 --> 00:41:08.159
So that was a big news.
Bitcoin loved that. And as I said,

542
00:41:08.199 --> 00:41:10.679
last week, the chart was really
just set up for it. And

543
00:41:10.719 --> 00:41:14.320
now it's out about sixty seven.
It was up five percent on Friday.

544
00:41:14.519 --> 00:41:17.039
It jumped about ten percent last week, didn't it did. Yeah, start

545
00:41:17.079 --> 00:41:22.039
of the week at sixty thousand,
and then it was sixty seven and change.

546
00:41:22.079 --> 00:41:22.960
It was so fast. The last
time I looked at it was fifty

547
00:41:22.960 --> 00:41:25.320
seven. You say it started the
week at sixty, Well, remember I

548
00:41:25.320 --> 00:41:29.199
mean the actual bitcoin trace twenty four
seven, So it's twenty four seven.

549
00:41:29.320 --> 00:41:30.960
Yeah. Yeah, that's just like
the ETFs those closed for the week.

550
00:41:31.159 --> 00:41:34.760
Yeah, so over the weekend you'll
see like a huge pop or a huge

551
00:41:34.800 --> 00:41:37.880
loss, as if it's because you
have to. It shows up all the

552
00:41:37.920 --> 00:41:39.639
weekends price action. Right, you
can sit there and make or lose ten

553
00:41:39.679 --> 00:41:44.880
percent and not be able to about
it, right, it's crazy. I

554
00:41:44.960 --> 00:41:50.199
noticed the spread between the ten year
and the two year dropped pretty Noticeablieve this

555
00:41:50.280 --> 00:41:54.760
week we've been looking at spreads of
Again, we have the inverted Deald curved.

556
00:41:55.480 --> 00:42:00.960
The interest rate on the on the
tenure is lower than the interest rate

557
00:42:01.000 --> 00:42:04.920
on the two year, but that's
been running about fifty basis points. I

558
00:42:04.960 --> 00:42:07.840
thought it was down to twenty five
basis point. Oh, well, you

559
00:42:07.880 --> 00:42:10.360
know, they say that's a recession. I think going back to how we

560
00:42:10.480 --> 00:42:14.920
are reallocating to some of these small
casts, but also more of the value

561
00:42:15.000 --> 00:42:19.039
play, right, the consumer staples
that really aren't going to get hurt if

562
00:42:19.079 --> 00:42:22.519
there is the economy continues to slow
down. Those are the funds that,

563
00:42:22.880 --> 00:42:25.239
sure they might lose of some,
but they're not going to lose as much

564
00:42:25.280 --> 00:42:29.960
as these high flying tech stocks that
have just gone up crazy in an amount

565
00:42:30.000 --> 00:42:31.519
of time if we do experience some
type of r Well, Deane pointed out

566
00:42:31.559 --> 00:42:36.239
the rotation out of technology into the
blue chips, and of course that's out

567
00:42:36.280 --> 00:42:40.519
of the technology stocks that have just
been on fire, up thirty forty fifty

568
00:42:40.599 --> 00:42:45.400
percent for the year. Yes,
they took some of that money and decided

569
00:42:45.440 --> 00:42:47.320
to buy Johnson and Johnson, which
was down for the year, Right,

570
00:42:47.639 --> 00:42:51.760
makes sense. Yeah, and then
there's a lot of other technology stocks that

571
00:42:51.800 --> 00:42:57.280
haven't participated like Intel, for example, there's still Intel's getting a bid all

572
00:42:57.320 --> 00:43:00.280
of a sudden. I noticed that. Then they fill off again over the

573
00:43:00.400 --> 00:43:02.920
years, like twenty nine dollars.
So it's kidding a little bit so that

574
00:43:04.119 --> 00:43:06.599
they got to thirty four at some
point today. But yeah, I mean

575
00:43:07.039 --> 00:43:10.079
down on Friday. It was about
big Friday four percent. But uh,

576
00:43:10.159 --> 00:43:12.960
you know, yeah, there's a
there's a lot, you know. An

577
00:43:13.000 --> 00:43:16.559
interesting one I thought was the Taiwan
semiconductor because, uh, Trump came out

578
00:43:16.639 --> 00:43:20.480
and said, if I become president, I'm not going to support Taiwan.

579
00:43:20.559 --> 00:43:23.639
So Taiwan semi Conductor really got hit
hard. And Intel found a bit on

580
00:43:23.760 --> 00:43:29.119
that day because it was seen that
Intel has a foundry here in the US.

581
00:43:29.239 --> 00:43:30.960
And so if Trump's saying, don't
do it over in Taiwan, you'll

582
00:43:31.000 --> 00:43:35.840
do it here, But Taiwan's making
one here in Arizona. So he said

583
00:43:35.880 --> 00:43:37.559
that it was not going to do
it. He says, I think they

584
00:43:37.599 --> 00:43:40.880
should have to pay for a protection. Yeah right, yeah, And I

585
00:43:42.039 --> 00:43:44.559
just don't want. I wonder if
he's going to be calling Apple and Microsoft

586
00:43:44.639 --> 00:43:46.519
and having them chip in for the
defense budget here. Well that's what I

587
00:43:46.559 --> 00:43:50.920
did. I gotta I didn't understand
what is that all about? Right?

588
00:43:50.960 --> 00:43:53.519
But also I didn't understand like Taiwan
is in Arizona as well, like they

589
00:43:53.559 --> 00:43:59.440
were making one with Like how did
that hurt Taiwan stock so much and helped

590
00:43:59.480 --> 00:44:01.280
Intel stock so much? I couldn't
quite get that. And in what world

591
00:44:01.360 --> 00:44:06.440
do corporations helped pay for national defense? It's not that it's Taiwan. He's

592
00:44:06.480 --> 00:44:09.639
talking about Taiwan semi conductor. He
wants them to pay for Taiwan's defense.

593
00:44:09.679 --> 00:44:13.039
Well, no, he wants Taiwan
country to pay for it. But Taiwan's

594
00:44:13.039 --> 00:44:16.079
semiconductor for some reason found that found
itself in a cell off because of this,

595
00:44:16.519 --> 00:44:20.639
which it wasn't I don't know.
It felt weird like investors for kind

596
00:44:20.679 --> 00:44:23.599
of But he said he wanted to
Taiwan semi conductor. It wasn't against Taiwan's

597
00:44:23.599 --> 00:44:27.880
semiconductor. It was against Taiwan the
country. If you want us to help

598
00:44:27.960 --> 00:44:31.440
support you, and we will,
we want to get some some uh paid

599
00:44:31.519 --> 00:44:35.760
for it, you know. I
mean it goes back to we pay for

600
00:44:35.840 --> 00:44:38.159
everything. I don't have a problem
with that. I mean they're not gonna

601
00:44:38.440 --> 00:44:42.639
you know, everyone it's always about
off fast shaff for going after the people

602
00:44:42.679 --> 00:44:49.119
with you know that according to Biden's
group, with that paying taxes but never

603
00:44:49.199 --> 00:44:51.800
want to be fast share when we're
doing other stuff. Yeah, I don't

604
00:44:52.000 --> 00:44:54.159
have the problem with the NATO and
people paying their first are If we're paying

605
00:44:54.199 --> 00:44:58.440
eighty percent of the bill and we're
fifteen percent of the what do you what

606
00:44:58.639 --> 00:45:00.920
is that all about? Well,
that's the only thing he was touting Finland

607
00:45:00.960 --> 00:45:04.760
coming into the name. Sure,
but nobody asked, well, how much

608
00:45:04.800 --> 00:45:07.280
did they put Yeah, they doing
the same amount of the GDP as everybody

609
00:45:07.320 --> 00:45:12.360
else. And then he talks about
the fifty countries that he got together to

610
00:45:12.440 --> 00:45:15.840
help support Ukraine. How much money
have they put in? Yeah, a

611
00:45:15.920 --> 00:45:17.679
good point. Okay, I can
say all day long. It's no different

612
00:45:17.719 --> 00:45:22.920
than China saying I'm part of the
Paris climating for it. Okay, we

613
00:45:22.079 --> 00:45:24.559
had the only one that we pay. We just talked about it. These

614
00:45:24.719 --> 00:45:29.480
democrats want them to be in these
huge unions. Let's all get together,

615
00:45:29.559 --> 00:45:30.880
so it's one big thing and we
all can control everything. One of the

616
00:45:30.920 --> 00:45:35.360
biggest polluters in the world doesn't have
to pay anything into the parish climate accurd

617
00:45:35.400 --> 00:45:38.000
for what five years? Well,
what's up with a foot the bill.

618
00:45:38.039 --> 00:45:43.639
How does that make any sense in
any buddy's world? So you just said

619
00:45:43.679 --> 00:45:47.159
something, how about both parties just
saying we need to have some common sense,

620
00:45:49.280 --> 00:45:52.760
just common sense for the American people. Okay, if we're gonna protect

621
00:45:52.840 --> 00:45:53.840
let's have it. Let's get paid
for it. If we're gonna do stuff,

622
00:45:53.880 --> 00:45:58.679
let's get paid for it. Let's
go ahead and give everybody understand it's

623
00:45:58.760 --> 00:46:02.599
fifty to fifty country, and have
common sense when you're being emotional and start

624
00:46:02.639 --> 00:46:07.800
being rational. But I think I
remember Trump saying something about that in his

625
00:46:07.920 --> 00:46:13.360
speech on Thursday at the Republican National
Convention. Right, he said we're going

626
00:46:13.400 --> 00:46:19.039
to rule by common sense. So
maybe maybe I mean he specifically said that.

627
00:46:19.880 --> 00:46:22.519
That turns out common sense is not
so common It is interesting, though,

628
00:46:22.599 --> 00:46:25.360
because common sense two hundred years ago, what's common sense? Now?

629
00:46:25.920 --> 00:46:30.679
Oil was down a buck on the
week to eighty dollars gold really oil down

630
00:46:30.719 --> 00:46:34.039
a buck? Yeah, it's down
like two and a half dollars, no,

631
00:46:34.159 --> 00:46:36.800
no, on for the week.
Yeah, I was down two and

632
00:46:36.840 --> 00:46:38.920
enough dollars two and a half dollars
week a week. Yes, I saw

633
00:46:39.000 --> 00:46:43.840
close last week at eighty one.
You were down that you were out last

634
00:46:43.840 --> 00:46:45.320
week. Yeah, it was out
last week. Plus we had no computers

635
00:46:45.400 --> 00:46:47.519
on Friday, so it was really
hard for me to know. It was

636
00:46:47.559 --> 00:46:50.280
down two and a half dollars on
the week. I think it's at like

637
00:46:50.320 --> 00:46:52.800
seventy eight and a half dollar.
How about gold, I've got gold down

638
00:46:52.599 --> 00:46:55.239
just fourteen dollars on the week,
at twenty four hundreds for the week.

639
00:46:55.840 --> 00:47:00.320
Yeah, about where you are.
It was down fifty five bucks on Friday.

640
00:47:00.360 --> 00:47:05.079
I didn't really understand that. I
think gold gold in his own little

641
00:47:05.119 --> 00:47:07.440
world right now. You know it
was weird because Kamadi and gold, silver

642
00:47:07.519 --> 00:47:10.840
and gold was down. Yeah,
weird. All right. We got to

643
00:47:10.880 --> 00:47:15.480
come up to uh the top of
the hour. Appreciate you guys listening.

644
00:47:15.119 --> 00:47:20.159
You know we really do. And
remember you want that financial plan, We'll

645
00:47:20.199 --> 00:47:22.199
do it for you for free.
You can talk to people, they come

646
00:47:22.239 --> 00:47:27.079
in, we get it done.
Some people deal business with us, some

647
00:47:27.320 --> 00:47:30.639
don't, but most will always come
back at some time because what we do

648
00:47:30.400 --> 00:47:34.480
is do something that's different than everybody
else. We'll be right back. It's

649
00:47:34.519 --> 00:47:38.320
the Money Matter Show. Welcome back
to the second hour of The Moneymatter Show.

650
00:47:38.320 --> 00:47:42.280
I'm Yalan Greenberg. I'm here with
Dave Sherwood, Todd Glicks A bash

651
00:47:42.320 --> 00:47:45.880
In Borsini, and Dian Greenberg will
be back at some point. For those

652
00:47:45.920 --> 00:47:47.719
of you just tuning in, the
Dow is up point seven percent for the

653
00:47:47.800 --> 00:47:52.159
week. The NASDAC was down three
and a half percent. The S and

654
00:47:52.199 --> 00:47:54.360
P five hundred was down two percent, the Russell two thousand was up one

655
00:47:54.400 --> 00:47:59.280
point seven percent, an equal way
to SMP five hundred was down point one

656
00:47:59.360 --> 00:48:04.039
percent. So we saw the small
cap do well, which we've been saying

657
00:48:04.119 --> 00:48:07.599
the transition from out of big tech
into small cap has been going on for

658
00:48:07.599 --> 00:48:10.519
the last couple of weeks, and
it's staying true. Even the equal weight

659
00:48:10.519 --> 00:48:14.039
to S and P. Right,
yeah, it's down ten basis points,

660
00:48:14.079 --> 00:48:16.360
but it did not have the same
type of drop that the S and P

661
00:48:16.559 --> 00:48:22.559
experience. In NASDAK, which really
was only because those top top ten mega

662
00:48:22.599 --> 00:48:24.119
caps were going down did have a
vault a week because during the week we

663
00:48:24.239 --> 00:48:28.800
hit all time highs in the down
NASDAK, some P five hundred small cap

664
00:48:28.920 --> 00:48:31.559
and the equal weight all five of
them all five all time high at some

665
00:48:31.719 --> 00:48:36.719
point during last week. So obviously
we had a bad last couple of days.

666
00:48:36.760 --> 00:48:39.840
But and then n ASDAK finished the
week down five percent, five percent

667
00:48:39.920 --> 00:48:44.280
off of the high percent five percent
for the week, but five percent off

668
00:48:44.440 --> 00:48:49.199
that time highs. They just got
claw and the doll was you know,

669
00:48:49.320 --> 00:48:53.079
the doll is bigger points because it's
a higher price index. But up twelve

670
00:48:53.199 --> 00:48:58.679
hundred points to first three days of
the week and then down nine hundred points

671
00:48:58.719 --> 00:49:00.079
the last two days of the week. Yeah. Well, I mean even

672
00:49:00.119 --> 00:49:05.320
tech stucks like Netflix, they beat
earnings. Came out earnings report on Thursday

673
00:49:05.320 --> 00:49:08.360
afternoon after the market close. They
beat earnings estimates, they beat revenue estimates.

674
00:49:08.440 --> 00:49:15.119
They increased their ad subscribe ad supported
subscribers by sixteen and a half percent

675
00:49:15.239 --> 00:49:20.800
year over year. They increased their
paid memberships. Their the global paid memberships

676
00:49:20.800 --> 00:49:24.159
two hundred seventy eight million people.
Yet they're down ten percent, seven percent

677
00:49:25.039 --> 00:49:28.760
on Friday. Yeah, it's crazy. It was because of the other things

678
00:49:28.840 --> 00:49:30.599
going on, and like other tech
was just there and people were just getting

679
00:49:30.599 --> 00:49:32.639
out of it. But it made
no sense that that was down so much.

680
00:49:34.960 --> 00:49:37.760
It did seem like throughout the week
Netflix was getting a nice little bit.

681
00:49:37.880 --> 00:49:42.000
It was up about seven percent on
the week, and then it kind

682
00:49:42.039 --> 00:49:45.760
of earnings. Yeah, that's never
a good look. Right, Yeah,

683
00:49:45.800 --> 00:49:51.000
that's never a good look. They
are transitioning still out of By twenty twenty

684
00:49:51.039 --> 00:49:53.679
five, they will stop reporting their
membership numbers. I think that's so that's

685
00:49:53.719 --> 00:49:59.320
haunted bothering people at bit absolutely horrible
that they're doing that going on there.

686
00:49:59.440 --> 00:50:02.679
It's not because the reasoning is that
they're going to start focusing on their operating

687
00:50:02.760 --> 00:50:07.639
margin, their revenue, and their
engagement as their best proxy about customer satisfaction.

688
00:50:07.880 --> 00:50:10.760
Because if you've got people on Netflix
for a long time, that's their

689
00:50:10.840 --> 00:50:15.800
engagement. That means they got happy
customers. If that's very low, it

690
00:50:15.880 --> 00:50:19.840
doesn't matter how many customer customers you
have in a sense because obviously you pay

691
00:50:19.880 --> 00:50:22.360
the subscription. But they're not happy
customers. They got a good revenue growth,

692
00:50:22.400 --> 00:50:27.440
good arrange growth, and yet the
focus was always on subscribers exactly.

693
00:50:27.480 --> 00:50:30.960
And that's what they're trying to the
live TV like last year they had the

694
00:50:30.079 --> 00:50:34.719
NFL on Christmas. They're probably just
going to keep expanding that. They seem

695
00:50:34.760 --> 00:50:37.719
to have a great partnership with the
NFL doing all these quarterback shows, receiver

696
00:50:37.840 --> 00:50:40.519
shows, all the different position shows, got the golf show. So what

697
00:50:40.599 --> 00:50:45.679
they want to talk about the client
retention rate rather than subscribe client satisfaction rate,

698
00:50:45.840 --> 00:50:50.480
not retention right, and revenue and
revenue and net income do that's subscription?

699
00:50:50.599 --> 00:50:52.000
I mean that subscribers. If your
revenue's going up and stuff. You're

700
00:50:52.000 --> 00:50:54.840
thinking, Okay, they got more
subscribers. They're not. They're saying this

701
00:50:54.920 --> 00:50:59.119
isn't their most important metric. They're
saying there's other metrics that they want to

702
00:50:59.159 --> 00:51:02.119
focus on. Halfway through the month, the SMP's up what eight ten to

703
00:51:02.280 --> 00:51:06.840
one percent for the month. A
reminder that the July has been far and

704
00:51:06.920 --> 00:51:09.639
away the best month for stocks average. You gain at one point seven percent,

705
00:51:09.679 --> 00:51:13.000
so we're only halfway there. Well, if you're the Russell two thousand,

706
00:51:13.000 --> 00:51:15.440
which is a small capeing it it's
up seven percent. It's been it's

707
00:51:15.519 --> 00:51:20.239
really finally caught fire. It's up
eight percent for the year versus the s

708
00:51:20.360 --> 00:51:22.800
and P up fifteen, So still
only half of a the SMP, but

709
00:51:23.000 --> 00:51:28.159
it's up like dealings a seven percent
for the month, which is total by

710
00:51:28.480 --> 00:51:30.960
two and a half weeks. Yeah, pretty another percent more than the Dow

711
00:51:31.079 --> 00:51:34.800
two thousand, seven percent for the
year. You know what space has done

712
00:51:34.880 --> 00:51:37.800
really well these last two weeks.
It's the home construction ETF IT t B

713
00:51:38.400 --> 00:51:44.000
Y just because rates are coming down. I don't understand. It just was

714
00:51:44.039 --> 00:51:46.880
set up for it. The ray's
actually edged up a little bit last week,

715
00:51:46.920 --> 00:51:51.000
didn't they. Yeah, but the
tenure was actually my TV that jumped

716
00:51:51.000 --> 00:51:52.440
about six percent this week. He
made a new all time high. It

717
00:51:52.760 --> 00:51:55.679
B it's the home construction new all
time high. It's all I mean,

718
00:51:55.760 --> 00:52:00.400
yeah, that one's more focused on
the home builders came home and the homes

719
00:52:00.400 --> 00:52:04.199
and all that stuff, right,
and then you got XHB which has more

720
00:52:04.199 --> 00:52:07.840
of a different diversification that lows Yeah, exactly, they have KB homes,

721
00:52:07.920 --> 00:52:12.400
but they have what goes inside the
house as well. That one's still hidding

722
00:52:12.480 --> 00:52:15.719
highs too. So the overall the
whole housing market ETS we're killing at the

723
00:52:15.760 --> 00:52:20.920
last couple. Yeah, we have
building permits coming down, so I don't

724
00:52:20.960 --> 00:52:24.639
know if that really correlates, But
building permits coming down is just saying that,

725
00:52:24.960 --> 00:52:29.280
yes, there's no more inventory coming
on. But this is more saying

726
00:52:29.440 --> 00:52:31.280
how are their earnings coming out?
If you look at how KB home reported

727
00:52:31.320 --> 00:52:35.639
earning, So they killed it.
D R Horn has had good polties,

728
00:52:35.679 --> 00:52:38.639
doing good. They are selling a
lot of homes now, they're not necessarily

729
00:52:38.719 --> 00:52:43.719
making good revenues what I'm hearing,
But the earnings is coming in good,

730
00:52:43.800 --> 00:52:46.639
So it doesn't and they're not making
good revenue. Why well, because they're

731
00:52:46.679 --> 00:52:50.880
saying that the well, actually no, so it wouldn't be it'd be earnings

732
00:52:50.920 --> 00:52:55.559
that they're making. The idea is
that the companies are giving concessions five,

733
00:52:55.719 --> 00:53:00.519
ten, fifteen thousand dollars you get
these homes salt. But that cuts into

734
00:53:00.559 --> 00:53:05.880
their profits right now, That's what
I'm hearing from everyone in this industry.

735
00:53:06.000 --> 00:53:08.400
So these companies should not be reporting
great earnings like they are, but they

736
00:53:08.440 --> 00:53:13.039
are reporting great earning, so it
seems like the volume is taking out that

737
00:53:13.599 --> 00:53:19.480
kind of cut in margin. You
guys had clearly spelled out some of the

738
00:53:19.760 --> 00:53:23.039
shortcomings of ETFs, and that is
you better be careful what you're investing in,

739
00:53:24.000 --> 00:53:28.840
what's inside that ETF, and make
sure that it's exactly what you're looking

740
00:53:28.880 --> 00:53:32.880
for, kind of like the communications
you know ETF with you, although I

741
00:53:34.000 --> 00:53:37.320
hate that, I hate it's loaded
up with Google and Apple and Microsoft.

742
00:53:37.360 --> 00:53:42.480
You know, it's ridiculous. Meta, thank you dolling. Meta exactly exactly

743
00:53:42.519 --> 00:53:46.039
said, and you guys pointed out
a couple of months ago that the uh

744
00:53:46.239 --> 00:53:52.039
in the solar space, there's an
et F T an TAN and you don't

745
00:53:52.239 --> 00:53:55.000
like You didn't like that because you
could see that there was one company that

746
00:53:55.199 --> 00:53:59.000
was pretty much holding it up and
the rest of them were all just turning

747
00:53:59.079 --> 00:54:04.360
to garbage. Did you see what
happened to SunPower? On Friday? Fell

748
00:54:04.480 --> 00:54:08.360
seventy percent? Last week the stock
fell seventy percent Wow, down nearly ninety

749
00:54:08.440 --> 00:54:14.920
three percent in the last twelve months. Company told dealers it's halting new leases,

750
00:54:15.480 --> 00:54:20.960
installations, and shipments. Guggenheim antalist
said the announcement likely marks the end

751
00:54:21.400 --> 00:54:24.679
of sun Power as an operating business. Wow. And that was one of

752
00:54:24.760 --> 00:54:31.079
the major components in the TA and
ETFOW and you guys were smart enough to

753
00:54:31.159 --> 00:54:35.360
glean that to look in there and
say, Okay, I'm fine with a

754
00:54:35.440 --> 00:54:37.880
basket of these solar stocks, but
what's in there? And you saw those

755
00:54:38.000 --> 00:54:42.320
things in there and determined that there's
only one really that's holding the whole thing

756
00:54:42.400 --> 00:54:46.280
together. I mean, why that
happened though, was because of Biden's terr

757
00:54:46.280 --> 00:54:52.559
effactru on panels from China. Yeah, but at three if some power gets

758
00:54:52.599 --> 00:54:57.079
theirs from there, so that caused
it, and there's other ones, but

759
00:54:57.199 --> 00:55:00.840
the difference is not many that other
than first Solar that that's actually vertically integrated.

760
00:55:00.880 --> 00:55:04.199
They make the panels, they make
the battery, they make everything that

761
00:55:04.280 --> 00:55:07.000
goes. They make the panels in
the United States. Correct. Now,

762
00:55:07.159 --> 00:55:10.920
I give you credit for finding that, for looking into that and discovering that

763
00:55:12.079 --> 00:55:15.039
it was really for solar. Speaking
of global stuff, did we talk about

764
00:55:15.119 --> 00:55:17.679
the Taiwan what happened there? A
little bit? A little bit A little

765
00:55:17.679 --> 00:55:21.880
bit a little bit about Trump?
Mean, yeah, about what you said,

766
00:55:22.000 --> 00:55:24.039
Yeah, we didn't need to start
paying for defense, so type Taiwan

767
00:55:24.119 --> 00:55:30.000
semi conductors just got destroyed. Yeah, seems kind of odd. Yeah,

768
00:55:30.039 --> 00:55:35.880
the uh we talked about the presidential
election is probably not a week goes by

769
00:55:36.000 --> 00:55:37.039
that I don't hear somebody says,
well, what's going to happen with the

770
00:55:37.079 --> 00:55:43.920
presidential election? Now? Uh,
Biden's market and the thing that market has

771
00:55:44.079 --> 00:55:50.960
historically liked the best is a democratic
president and and a divided Congress, which

772
00:55:51.039 --> 00:55:53.880
is exactly what we have right now. Right But like our back test,

773
00:55:53.960 --> 00:55:58.800
when you back test it, it
doesn't really it's not a huge margin anyway.

774
00:55:59.199 --> 00:56:01.000
No, but that is the that's
the best combination. He goes up

775
00:56:01.239 --> 00:56:06.239
right With that said, you know
it spent a good good a few years

776
00:56:06.320 --> 00:56:09.000
under Biden the market. Interestingly,
someone pointed out the other day, prior

777
00:56:09.079 --> 00:56:15.199
to the pandemic, uh, Trump's
first three years were five percent per year,

778
00:56:15.840 --> 00:56:21.400
better than what Biden has done.
So you know which one do you

779
00:56:21.440 --> 00:56:23.840
want? Yeah, and then you
can look at Obama who comes in at

780
00:56:24.159 --> 00:56:29.280
eight right, perfect good timing.
You want to look at his record,

781
00:56:29.280 --> 00:56:30.679
You're gonna be like, oh my
god, he's amazing. Now it's a

782
00:56:30.960 --> 00:56:36.239
timings. That's another thing about investments, right with clients. They get into

783
00:56:36.599 --> 00:56:43.119
our portfolios and what can I expect
to make. It's all based on timing.

784
00:56:43.320 --> 00:56:45.840
Sure, when when you get in, I can show you gold is

785
00:56:45.880 --> 00:56:50.800
better than silver, or this is
better than that, all based on one

786
00:56:50.880 --> 00:56:53.800
little day changing. You have a
couple they both own bitcoin, but they

787
00:56:53.840 --> 00:56:58.039
don't want the other one to know
what they do. It's kind of interesting.

788
00:56:58.079 --> 00:57:00.719
They have it in their IRA,
they have it right, but they

789
00:57:00.760 --> 00:57:02.239
don't want me to call the other
one that they have at de hilarious.

790
00:57:06.039 --> 00:57:09.960
It is really funny. And you
know they're looking at the other day and

791
00:57:10.239 --> 00:57:15.760
and he's doing much much better than
she is because he got in two years

792
00:57:15.880 --> 00:57:19.920
later on a dip. I mean, yeah, it's timing, like I

793
00:57:20.000 --> 00:57:22.599
remember back in March of twenty twenty, we just that this day happened.

794
00:57:22.920 --> 00:57:25.800
We're like, Okay, it looks
like Microsoft is just finally botting me out.

795
00:57:25.840 --> 00:57:29.199
It looks like it's time to start
a position. It turns out that

796
00:57:29.320 --> 00:57:31.400
was the lowest of the low for
Microsoft by the Microsoft. You don't know

797
00:57:31.559 --> 00:57:34.719
that day, but you head line, you're thinking, Okay, it's time.

798
00:57:35.079 --> 00:57:37.960
Market timing looks like it's steadying out
and it's never looked back. But

799
00:57:38.039 --> 00:57:40.840
you don't know. And if you
came in two months later, came in

800
00:57:40.960 --> 00:57:45.000
the summer of twenty twenty, Microsoft, there's one hundred points higher. Yeah,

801
00:57:45.559 --> 00:57:46.639
that's only my point is yeah,
with I mean, you have at

802
00:57:46.880 --> 00:57:51.320
president in there for four years.
It's timing like for if you pick any

803
00:57:51.360 --> 00:57:54.639
four your period in the market,
you could see any type of investment returns,

804
00:57:54.840 --> 00:57:58.719
right. I know. I saw
this thing on Facebook and this person's

805
00:57:58.719 --> 00:58:02.440
put up saying it was the GDP
rankings and we're in first or whatever for

806
00:58:02.519 --> 00:58:06.199
the US, And this one was
like, yeah, I want four more

807
00:58:06.239 --> 00:58:08.960
years of Biden, and I was
like, what if you rank the highest

808
00:58:09.280 --> 00:58:13.719
debt ever and how we're at the
highest debt ever we've been would you blame

809
00:58:13.760 --> 00:58:15.719
Biden or would you blame Trump?
To probably blame Trump. Sure, and

810
00:58:15.800 --> 00:58:20.280
the the GDP is going to be
higher every time. Yeah right now,

811
00:58:20.519 --> 00:58:22.760
Yeah, so it's ridiculous. I
saw that point. Problem with statistics.

812
00:58:22.840 --> 00:58:27.199
We talk about that all the time, even investments turns it's kind of the

813
00:58:27.239 --> 00:58:30.280
same thing with the statistics. You
can cherry pick it and you can build

814
00:58:30.320 --> 00:58:32.320
the narrative on however you want to
make it look. I mean really you

815
00:58:32.440 --> 00:58:36.280
can. And the reason when we
do our financial plans and we're doing these

816
00:58:36.880 --> 00:58:42.119
models, these portfolios that we build
to generate income for retirement, we use

817
00:58:42.480 --> 00:58:45.679
the twenty three years between two thousand
and twenty twenty three because we want to

818
00:58:45.679 --> 00:58:49.119
show you a bad time. We
don't want to show you a great time

819
00:58:49.480 --> 00:58:52.039
in the nineties. If you show
them the decade of the nineties, it

820
00:58:52.199 --> 00:58:54.360
was up on average twenty five percent
from ninety five to ninety nine up until

821
00:58:54.360 --> 00:58:58.559
the dot com bubble, right,
their portfolio will do really well. You

822
00:58:58.679 --> 00:59:01.679
show them they retire day one of
two thousand, Marcus went down ten percent

823
00:59:01.760 --> 00:59:05.320
two thousand and one, Markus went
down twelve percent, two thousand and two

824
00:59:05.519 --> 00:59:07.239
marks went down eighteen percent. You
start retirement, in the first three years

825
00:59:07.239 --> 00:59:09.559
they go down double digits. Yeah, then you want to see how they

826
00:59:09.639 --> 00:59:12.480
work. Then you barely go up, and then you get a no waate

827
00:59:12.559 --> 00:59:14.840
and then you get a thirty eight
percent drop. So in that decade,

828
00:59:14.840 --> 00:59:17.199
you're down. That's why we want
to show clients that if your portfolio can

829
00:59:17.840 --> 00:59:22.159
survive one of the worst decades ever, the likelihood of is surviving going forward

830
00:59:22.199 --> 00:59:25.639
into your actual retirement is higher.
We're not going to try and show you

831
00:59:25.760 --> 00:59:30.519
some sugar coated return because it's not
realistic. That's a great period to look

832
00:59:30.559 --> 00:59:34.239
at you, like you say,
because that was as bad as it gets.

833
00:59:34.480 --> 00:59:37.639
And then we have period of time. Now it's a decade. I

834
00:59:37.679 --> 00:59:40.599
mean that retirement's usually like twenty twenty
five, thirty years something like that.

835
00:59:40.760 --> 00:59:45.559
Sure, now we have twenty twenty
drop the March one where drop thirty three

836
00:59:45.559 --> 00:59:49.159
percent. Now we have twenty twenty
two where the bomb market drop, the

837
00:59:49.440 --> 00:59:52.679
equity market drop, all those drop. We can show them that whole return

838
00:59:52.760 --> 00:59:54.920
for twenty three years, and if
their portfolio is making it out fine,

839
00:59:55.000 --> 00:59:59.840
during that they are doing well for
retirement. They set themselves up for the

840
01:00:00.159 --> 01:00:02.199
retirement of how they want to live. Just don't get too stressed out over

841
01:00:02.280 --> 01:00:06.960
the election as regards to your long
run portfolio. In the long run,

842
01:00:07.039 --> 01:00:09.840
as a reminder, as we entered
the second half of the year, four

843
01:00:09.960 --> 01:00:14.599
of the last six years, the
market was up double digits at the halfway

844
01:00:14.639 --> 01:00:17.400
point, four of the last six
and all of the previous four end of

845
01:00:17.440 --> 01:00:22.960
the year higher, and on six
point thirty it was fifty four to sixty

846
01:00:22.400 --> 01:00:27.480
cod Friday at fifty five, will
five show up forty five points. And

847
01:00:27.719 --> 01:00:30.519
remember of those six years, one
of those six years was the year Biden

848
01:00:30.599 --> 01:00:36.800
got elected. So you know,
relax, if you are nervous, come

849
01:00:36.880 --> 01:00:38.679
see us. Well, if you
don't have a financial plan, we'll set

850
01:00:38.719 --> 01:00:42.519
it up. We'll do your financial
plan, get your risk tallers, make

851
01:00:42.559 --> 01:00:45.400
sure your current portfolio is in line
with your risk tollers, and we'll talk

852
01:00:45.599 --> 01:00:49.440
about what you're nervous about with the
election, is that the actual election,

853
01:00:49.639 --> 01:00:51.639
is it going forward? Is the
next year, next four years, next

854
01:00:51.639 --> 01:00:53.880
eight years? What is actually making
you nervous. We go through that whole

855
01:00:53.880 --> 01:00:58.320
conversation and we try and nail down
what's going on and how we can best

856
01:00:58.360 --> 01:01:00.000
help, and we do that through
the financial land in the whole conversation.

857
01:01:00.159 --> 01:01:04.480
If your risk score comes in into
sixty and your portfolio comes in out of

858
01:01:04.559 --> 01:01:06.639
sixty, we're going to tell you
that. We're not going to lie to

859
01:01:06.679 --> 01:01:08.760
you and say your advisors are not
having you allocated correctly. We will tell

860
01:01:08.800 --> 01:01:12.119
you the truth. Yeah, this
is about nerves and it's just having a

861
01:01:12.159 --> 01:01:16.119
conversation with professional usually helps calm those
nerves. Had a two million dollar prospect

862
01:01:16.159 --> 01:01:20.199
to come bus that he's dealing with
a money manager in Phoenix. So this

863
01:01:20.320 --> 01:01:22.320
a couple of years ago. We
went through the risk aalized questionnaire. I

864
01:01:22.400 --> 01:01:25.039
analyzed this portfolio and at the end
of the day, I said, I

865
01:01:25.079 --> 01:01:30.079
would be doing exactly what they're doing
if you would like to have it in

866
01:01:30.159 --> 01:01:32.719
Tucson as opposed to Phoenix. I
would love to have the account, but

867
01:01:32.840 --> 01:01:37.639
I would be doing exactly what they're
doing. And sometimes the risk is the

868
01:01:37.760 --> 01:01:42.320
exact same, but the efficiency,
meaning the vehicles that they're choosing to make

869
01:01:42.400 --> 01:01:45.920
that portfolio isn't the right ones.
They know it's the middle of July,

870
01:01:45.199 --> 01:01:51.239
Todd, It's one hundred and five
degrees outside. Anybody that can find somewhere

871
01:01:51.320 --> 01:01:57.480
cooler to go is gone. And
you guys are so busy, it's like

872
01:01:57.599 --> 01:02:00.079
it's November in the desert. I
don't understand what's going on here. Very

873
01:02:00.159 --> 01:02:04.400
true. Super busy last week,
super busy last year. Advantage of the

874
01:02:04.760 --> 01:02:08.199
free financial plan getting their plan right, especially with upcoming elections, it's phenomenal.

875
01:02:08.239 --> 01:02:10.639
I'll tell you what to the TV. People watch a lot of our

876
01:02:10.679 --> 01:02:15.760
TV these days, and we we've
gain a lot of people calling in from

877
01:02:15.800 --> 01:02:20.039
the TV shows. If people can
always watch or they're on our YouTube channel,

878
01:02:20.119 --> 01:02:23.199
but we also have them on the
NBC. If you want to see

879
01:02:23.280 --> 01:02:28.280
all of them right, they're on
our website right there on the website.

880
01:02:28.320 --> 01:02:30.840
But they get aired ten thirty on
Sunday nights on NBC after the News,

881
01:02:31.000 --> 01:02:35.760
and so that's people really enjoy those
because they're more educational. They're not talking

882
01:02:35.760 --> 01:02:37.920
about the world events or current events, but it's more you've got about a

883
01:02:37.960 --> 01:02:42.480
dozen different ones out there. If
we've even had a lot of people under

884
01:02:42.519 --> 01:02:45.239
the age of thirty come in,
and we think that this is because of

885
01:02:45.320 --> 01:02:47.920
Google reviews, but it's a great
thing to see younger people come in and

886
01:02:47.960 --> 01:02:52.559
start their investments. Ye fantastic.
A lot of people think that that's they're

887
01:02:52.599 --> 01:02:55.760
not. They don't have the money
or whatever to work with advisor, don't

888
01:02:55.760 --> 01:03:00.039
really even know what questions to ask. That's fine, Just come in and

889
01:03:00.079 --> 01:03:04.159
we'll show you what compound interest means, what a roth means, what the

890
01:03:04.239 --> 01:03:07.599
investments go into it, what difference
between a stock and a bond is.

891
01:03:07.960 --> 01:03:12.199
We'll go as one on one as
we have to. And if there's grandparents

892
01:03:12.239 --> 01:03:15.800
out there that want to get their
grandkids involved, we we can do that.

893
01:03:15.960 --> 01:03:17.800
You know, we're here to satisfy
and educate because they don't do that

894
01:03:17.880 --> 01:03:22.039
in schools. They don't educate.
They don't they talk about opportunity costs and

895
01:03:22.880 --> 01:03:25.920
how governments have to pay taxes and
things like that. They don't teach people

896
01:03:25.960 --> 01:03:30.119
what they really need to know about
how to file a tax report right,

897
01:03:30.440 --> 01:03:34.679
or how to balance you know,
your credit card statement at the Life credit

898
01:03:34.760 --> 01:03:37.360
card. You know what I mean. So please take advantage of our of

899
01:03:37.440 --> 01:03:40.880
our team, our expertise, because
we're here to educate the masses. Long

900
01:03:42.000 --> 01:03:46.280
time client had been retired for a
while. His wife is now going to

901
01:03:46.360 --> 01:03:51.159
retire, and so that kind of
made her start to think about where are

902
01:03:51.280 --> 01:03:53.639
we how what kind of shape are
we in? When can I retire?

903
01:03:54.159 --> 01:03:59.039
Came in last week, Todd,
you sat down with them. We came

904
01:03:59.119 --> 01:04:01.639
away with a big smile on her
face, all sorry I did that.

905
01:04:02.239 --> 01:04:05.599
Couldn't believe. Yeah, it was
cool because you wrote in an email and

906
01:04:05.679 --> 01:04:10.400
she's like, I've been worried for
for many months, for almost years about

907
01:04:10.480 --> 01:04:13.679
the retirement, but in just one
meeting, you were able to show me

908
01:04:13.840 --> 01:04:16.400
in the in the software, why
I'm actually going to be okay. Not

909
01:04:16.599 --> 01:04:19.480
just that I'm going to be okay, but you proved me with numbers,

910
01:04:19.519 --> 01:04:24.599
with visuals, with in depth answers
to my questions on why I'm going to

911
01:04:24.639 --> 01:04:28.599
be okay. That's a huge thing, is the visuals that we could show

912
01:04:28.639 --> 01:04:30.280
through the financial plan. Yeah,
Puge, It's really a good way to

913
01:04:30.679 --> 01:04:35.719
have people be less nervous if you're
somebody that's kind of teetering on if I

914
01:04:35.760 --> 01:04:40.559
should retire or not. Dylan and
I just had a clients that she's ready

915
01:04:40.599 --> 01:04:43.199
to pull her hair out because she
thinks that she has heed, she still

916
01:04:43.440 --> 01:04:45.599
she thinks that she still has to
work for three to four more years.

917
01:04:45.880 --> 01:04:48.360
We run her financial plan look at
her report say hey, you're just fine

918
01:04:48.400 --> 01:04:53.000
to retire tomorrow. That was awesome
for her. You know, if you're

919
01:04:53.119 --> 01:04:55.719
if you're teetering and you want to
see if I'm able to do so,

920
01:04:55.880 --> 01:04:58.280
come in do the free financial plan. We'll run the numbers for you.

921
01:04:58.800 --> 01:05:01.239
Yeah. The peace of mind you
get from that is just this couple that

922
01:05:01.599 --> 01:05:05.360
we saw last week and then Tied
and Dylan. I don't know how many

923
01:05:05.400 --> 01:05:08.679
people last week, but it was. Yeah, it was a lot of

924
01:05:08.719 --> 01:05:11.960
people. Because then the decision becomes
on you. You're not forced to work.

925
01:05:12.079 --> 01:05:14.360
We show you that you're not forced
to work anymore, as it becomes

926
01:05:14.400 --> 01:05:16.000
Okay, maybe I want to work
another year, but I don't really have

927
01:05:16.119 --> 01:05:19.559
to. So it takes a lot
of pressure right now you have the upper

928
01:05:19.599 --> 01:05:21.719
hands. Plus it's giving you a
hard time. Well, you know what,

929
01:05:21.800 --> 01:05:25.960
I'm walking away tomorrow, and there's
no obligation. Because you guys are

930
01:05:26.000 --> 01:05:29.039
seeing so many people, you have
no time to be shafing down people.

931
01:05:30.559 --> 01:05:32.840
Do it to help. It's all
free, absolutely time any costs would be

932
01:05:32.920 --> 01:05:35.760
involved is if you open an account
and we start managing the money. Yeah,

933
01:05:36.400 --> 01:05:40.719
yeah, that's it. The beautiful
thing about the plan is there's so

934
01:05:40.800 --> 01:05:45.079
many different what if scenarios that we
can build that it doesn't matter what fear

935
01:05:45.159 --> 01:05:47.199
that you possibly can have. I
can show you whether it will or will

936
01:05:47.320 --> 01:05:50.320
not hurt you, and then if
it will, we can find a plan

937
01:05:50.440 --> 01:05:55.039
against it. I think one of
the top things that I'd like to talk

938
01:05:55.079 --> 01:05:59.119
about is that your home equity.
A lot of people worry about long term

939
01:05:59.199 --> 01:06:02.440
care insurance. Hey, I'm worried
about that one event at the end where

940
01:06:02.639 --> 01:06:04.960
it might be eighty five ninety and
I have a long term care event,

941
01:06:04.960 --> 01:06:08.519
and I don't have a long term
care insurance policy. And I always tell

942
01:06:08.559 --> 01:06:11.519
people, your house is your insurance
policy. Absolutely right. It's like a

943
01:06:11.639 --> 01:06:14.280
cash value life insurance policy. You
ain't gonna be needing that if you have

944
01:06:14.360 --> 01:06:15.960
a care house exactly. You put
a whole bunch of money into this thing

945
01:06:16.199 --> 01:06:19.320
and it's growing at you know what, probably a three four percent rate a

946
01:06:19.400 --> 01:06:24.079
year. Whatever houses grow at,
you need to use it eventually or it

947
01:06:24.159 --> 01:06:27.360
goes to your heirs. So if
you do, you know, people don't

948
01:06:27.400 --> 01:06:29.199
think about it. And when I
say that, they're like, oh,

949
01:06:29.320 --> 01:06:31.239
yeah, duh, right, I
mean, it's an asset, it's my

950
01:06:31.360 --> 01:06:34.800
asset. I worked hard to get
it. It is still available to be

951
01:06:35.000 --> 01:06:39.639
used. So that's just one example
of fears that when you come in you

952
01:06:39.719 --> 01:06:42.639
ask the question, you're able to
hear that and it just kind of changes

953
01:06:42.719 --> 01:06:45.719
your perspective. And Dave, you
say, great. A lot of people

954
01:06:45.239 --> 01:06:47.280
that come in at the end of
it, we say, you know,

955
01:06:47.360 --> 01:06:50.079
you might have a lot of problems
in life, but money isn't one of

956
01:06:50.119 --> 01:06:53.320
them. Don't make them one.
Don't make it one of your problems.

957
01:06:53.400 --> 01:06:56.800
Yeah. And there are so many
people out that that have no money problems,

958
01:06:56.880 --> 01:07:00.719
but they make money a problem.
Stop it. Yeah. A great

959
01:07:00.760 --> 01:07:02.239
part of the financial plan too,
is the what are you afraid of?

960
01:07:02.360 --> 01:07:06.719
Section? Where we can show you
what impact twenty five percent, fifty percent

961
01:07:08.000 --> 01:07:12.400
social Security cut would have on your
plan. What happens if you live ten

962
01:07:12.480 --> 01:07:15.119
years longer than planned? All those
can be impacted. What if inflation just

963
01:07:15.239 --> 01:07:18.679
never goes down, it goes stay
as a five percent consistently forever. We

964
01:07:18.760 --> 01:07:20.960
can show you all that, and
we can show you how that would impact

965
01:07:21.000 --> 01:07:26.519
your plan in real time. I
think in the case where Todd, where

966
01:07:26.559 --> 01:07:30.119
I sat in with you last week, these folks were spending X amount of

967
01:07:30.199 --> 01:07:35.920
dollars and you said Okay, let's
see if we increased your spending by twenty

968
01:07:36.000 --> 01:07:42.199
five percent, what would that do
to the plan? Nothing, fifty percent,

969
01:07:42.519 --> 01:07:46.920
nothing. You actually doubled their spending. Nothing, So they could spend

970
01:07:47.000 --> 01:07:50.719
twice what they're spending now and still
be fine. Then that's when she went

971
01:07:50.880 --> 01:07:56.119
wow. I think that's the difference
that many financial advisors were planners. When

972
01:07:56.159 --> 01:07:59.440
they do a financial plan, they
asked, what is your spending goal?

973
01:08:00.000 --> 01:08:02.000
And then they show them that,
and then they show how will your assets

974
01:08:02.039 --> 01:08:04.440
increase? After that, a lot
of people don't really care about what their

975
01:08:04.480 --> 01:08:06.679
assets increase. They want to know
how much are they able to spend per

976
01:08:06.760 --> 01:08:11.599
month and be okay, yep,
right, and it's complicated other than that,

977
01:08:11.880 --> 01:08:13.800
just give me a simple answer,
how much am I going to be

978
01:08:13.840 --> 01:08:15.720
able to spend per month? And
so me being able to show a range

979
01:08:15.760 --> 01:08:18.119
of saying, hey, this is
what you told me, this is what

980
01:08:18.199 --> 01:08:20.760
you're able to spend. On top
of that, some people it comes in

981
01:08:21.079 --> 01:08:25.479
and what they told me, it's
too much spending and you can't increase it.

982
01:08:25.560 --> 01:08:29.720
But there's it's kind of funny.
Most people that come in they are

983
01:08:29.800 --> 01:08:33.439
good savers. They've developed a frugal
habit over their forty years of accumulation phase.

984
01:08:33.520 --> 01:08:36.560
Now that they hit the decumulation phase, they don't have the ability your

985
01:08:36.960 --> 01:08:42.840
mindset to spend money, and so
they still have that frugal mindset that they

986
01:08:42.960 --> 01:08:45.600
developed over forty years. They can't
break it. So we have to kind

987
01:08:45.640 --> 01:08:48.960
of coach you and show you that
you can and that it won't impact the

988
01:08:49.079 --> 01:08:54.640
plan. And I've absolutely determined in
fifty years of doing this that you can't

989
01:08:54.640 --> 01:08:58.159
fix frugal. Now, once a
person's frugal, I don't care if they

990
01:08:58.239 --> 01:09:00.359
win the lottery, They're going to
continue to be frugal. It just it

991
01:09:00.560 --> 01:09:05.079
is what it is. I've got
a gallon that has a net worth of

992
01:09:05.640 --> 01:09:11.640
over twenty million dollars, and she
had a flight from Tucson to Phoenix that

993
01:09:11.800 --> 01:09:14.560
was canceled and it was going to
be one hundred and eighty nine dollars for

994
01:09:14.640 --> 01:09:16.720
her to rent a car to drive
from Phoenix to Tucson. She spent the

995
01:09:16.840 --> 01:09:20.479
night in the Phoenix airport. So
you can't fix frugal. You can't fix

996
01:09:20.560 --> 01:09:24.239
rugal, but you can help it, and you can show through data and

997
01:09:24.399 --> 01:09:27.600
why you can't spend more. You
can take that Europe trip and many people

998
01:09:27.680 --> 01:09:29.760
have come in because they hear us
on the radio of the hairs on TV

999
01:09:29.880 --> 01:09:32.840
talking about just this. Right,
many advisors aren't going to show you that

1000
01:09:32.920 --> 01:09:34.880
you can spend spend more. I
was about to say that, I don't

1001
01:09:34.880 --> 01:09:38.800
know. It mean, it's very
standard in the industry for your financial advisor

1002
01:09:38.880 --> 01:09:41.720
to say, hey, you should
be spending double, you should be spending

1003
01:09:41.800 --> 01:09:44.760
more. It's your assets at the
end of the day. So if your

1004
01:09:44.800 --> 01:09:46.319
goal is to bout your less check, or you don't really care about leaving

1005
01:09:46.399 --> 01:09:50.399
assets, I'm going to show you
a plan that accomplishes that goal. That's

1006
01:09:50.479 --> 01:09:53.720
very It was a good shot.
If you have means of inheritance, of

1007
01:09:53.800 --> 01:09:56.840
leaving an inheritance, we'll show you
a plan to meet that goal as well.

1008
01:09:57.119 --> 01:09:59.640
Right these versions are a big thing
right now too, and we can

1009
01:09:59.720 --> 01:10:01.279
show you how that would impact your
planet, if it's even worth it or

1010
01:10:01.319 --> 01:10:05.359
a good idea for you. It's
a good point, Dylan, that's a

1011
01:10:05.439 --> 01:10:10.319
good Some economy numbers came out last
week. Retail sales were unchanged in June.

1012
01:10:10.359 --> 01:10:14.039
They were expecting a decline. That
was a good number. Housing starts

1013
01:10:14.079 --> 01:10:18.279
in industrial production both better than the
market expected, showing that the economy is

1014
01:10:18.319 --> 01:10:24.640
still on firm footing. The calendar
coming up next week, we've got on

1015
01:10:24.760 --> 01:10:29.439
Thursday, we've got the first look
at second quarter GDP, and even though

1016
01:10:29.520 --> 01:10:33.600
that is looking backwards, it can
be a market mover. And then of

1017
01:10:33.640 --> 01:10:41.560
course we've had the all important next
Friday PCE personal Consumption Expenditure Index, which

1018
01:10:41.640 --> 01:10:45.640
is the one that the Federal reservist
supposedly focuses on. And I don't see

1019
01:10:45.680 --> 01:10:51.159
the Fed raising rates anytime soon,
so I don't know that the PCE is

1020
01:10:51.439 --> 01:10:57.760
terribly important at this juncture. I'd
be a complete shock if they raise race.

1021
01:10:58.039 --> 01:11:00.840
Oh my goodness, that send the
market. We've got about a minute

1022
01:11:00.920 --> 01:11:02.039
left on this segment, but I
was wanting to talk a little bit about

1023
01:11:02.039 --> 01:11:04.479
the Federal Reserve. You know,
many people they're they're saying, you know,

1024
01:11:04.520 --> 01:11:08.000
they're going to cut in September,
and they're going to say it's political,

1025
01:11:08.239 --> 01:11:12.079
politically motivated. It's not, in
my opinion that at all. It's

1026
01:11:12.239 --> 01:11:15.840
they've been saying that they're based it's
basing this on economic data. The economic

1027
01:11:15.920 --> 01:11:19.399
data has now come to fruition to
what they need to see to be able

1028
01:11:19.399 --> 01:11:24.039
to cut twenty five base points.
If you follow the economic reports they have

1029
01:11:24.239 --> 01:11:28.439
deteriorated. It makes sense that September
would be the first time that they cut

1030
01:11:28.560 --> 01:11:30.439
just twenty five base points. See
how the market reacts. Possibly do it

1031
01:11:30.479 --> 01:11:34.560
again in December. But to me, it's not politically motivated at all.

1032
01:11:35.239 --> 01:11:39.399
I can't disagree. I think the
odds are that they will cut. I'm

1033
01:11:39.439 --> 01:11:42.439
not sure that it makes any sense, but I'm not one hundred percent on

1034
01:11:42.560 --> 01:11:45.560
board with you that were the time
has come. I think we're still kind

1035
01:11:45.600 --> 01:11:48.479
of trying to slow things down a
little bit. Well, yeah, like

1036
01:11:48.560 --> 01:11:51.520
a eighty six percent probability priced in
right now, I know it's very high,

1037
01:11:51.680 --> 01:11:56.600
very high way the center probability that
it was going to cut four times

1038
01:11:56.680 --> 01:11:59.319
this year. About that anyway,
we'll be back right after this break.

1039
01:11:59.399 --> 01:12:01.920
Thanks again for listening to us.
This is the Money Matter Show. Welcome

1040
01:12:01.960 --> 01:12:04.399
back to the Money Matter Show.
My name is Sebastian Borger, Satium here

1041
01:12:04.439 --> 01:12:10.319
with David Sherwood, Dylan Greenberg and
Todd Klick Junior. And how about Eli

1042
01:12:10.439 --> 01:12:12.560
Lilly? I want to talk?
Can I talk a little bit about Ela

1043
01:12:12.680 --> 01:12:16.760
lel They do? They hit another
all time high on Tuesday on reports of

1044
01:12:16.920 --> 01:12:20.800
more wonderful things coming from that weight
loss drug as they work hard to get

1045
01:12:20.840 --> 01:12:27.560
insurance coverage. However, you're talking
aboutide yes. However, Lily and Novo

1046
01:12:27.680 --> 01:12:32.159
both fell on Wednesday and Thursday.
They lost more than ten percent after promising

1047
01:12:32.319 --> 01:12:36.680
results from an oral weight loss drug
being developed by Roche, which would likely

1048
01:12:36.800 --> 01:12:45.239
be more desirable than a shot.
Okay, However, however, note Roche

1049
01:12:45.359 --> 01:12:48.000
is in phase one studies with this
oral pill, and it might just be

1050
01:12:48.159 --> 01:12:53.960
one and done. It might not
work out and go away. Lily also

1051
01:12:54.119 --> 01:13:00.439
has an oral pill that's in phase
three. So Lily got trashed on news

1052
01:13:00.560 --> 01:13:05.039
that is really, in my opinion, irrelevant. So if you've been looking

1053
01:13:05.159 --> 01:13:11.000
for an opportunity to jump into Lily. On Friday, the Chinese government approved

1054
01:13:11.359 --> 01:13:13.920
their way alot of drug for China. I was I was seeing that,

1055
01:13:14.119 --> 01:13:17.600
and I didn't really react to it
much because I don't believe that the Chinese

1056
01:13:17.640 --> 01:13:23.159
demographic is too overweight, not even
not nearly close to the United States.

1057
01:13:23.199 --> 01:13:26.439
No, I think that's a very
very good observation. But there are a

1058
01:13:26.479 --> 01:13:29.640
few more of them than there are
us used to be. You actually could

1059
01:13:29.640 --> 01:13:33.920
see that in twenty ten trends stop
started where now they started in the urban

1060
01:13:34.039 --> 01:13:40.399
areas. They are overweight in urban
areas because they developed everything that we had

1061
01:13:40.520 --> 01:13:44.800
in the Western culture to stop smoking
cigarettes, and they still smoke a lot

1062
01:13:44.840 --> 01:13:46.800
of it. I think a lot
of smoking goes out on outside of the

1063
01:13:47.119 --> 01:13:51.279
lot of smoking when on the United
States back in the day when we weren't

1064
01:13:51.399 --> 01:13:56.680
you know, so think about the
economic boom, like their wine industry boomed

1065
01:13:56.880 --> 01:14:00.279
after twenty ten when they got really
rich and their luxuries got really after twenty

1066
01:14:00.359 --> 01:14:04.439
ten. So now they have the
money to get fat. They are fat

1067
01:14:04.520 --> 01:14:09.239
now. I think there's a market
there. And think remember I wasn't saying

1068
01:14:09.279 --> 01:14:12.800
that there's not a market. It's
a billion people, right, So even

1069
01:14:12.840 --> 01:14:16.079
if it's one percent of the population, that's a lot of people. And

1070
01:14:16.119 --> 01:14:20.439
if you're even looking for an entry
point for a Novo Nordisk or Eli Lilly,

1071
01:14:21.039 --> 01:14:25.079
you may have maybe given a shot
here possibly, I mean black we've

1072
01:14:25.119 --> 01:14:29.760
talked about for a while. Though. Who knows what the valuation is on

1073
01:14:29.840 --> 01:14:32.760
these companies. These are very expensive
stocks from a valuation point of view.

1074
01:14:32.880 --> 01:14:39.079
Very It's completely it's almost like a
guess. The bigger thing for me besides

1075
01:14:39.159 --> 01:14:43.760
these weight loss drugs is Novo's quantum
computing thing that they're doing. I'm not

1076
01:14:43.880 --> 01:14:45.279
sure. I haven't read too much
about it, and maybe I'll do a

1077
01:14:45.319 --> 01:14:47.880
little bit more due diligence on that
to talk about it on the show next

1078
01:14:47.920 --> 01:14:53.079
week. Yeah, if Novo is
able to do that, that's a huge

1079
01:14:53.119 --> 01:14:56.760
deal. Well Google's doing it,
right, I mean, there's a couple

1080
01:14:56.800 --> 01:15:00.680
of companies that are in this quantum
space. But when is when is the

1081
01:15:00.720 --> 01:15:03.560
breakthrough? Right? Every every country
in the world has a team working on

1082
01:15:03.840 --> 01:15:11.359
quantum computing. Every country, probably
the major companies to develop, well put,

1083
01:15:11.840 --> 01:15:15.439
the developed countries have teams working on
this quantum computing, which is going

1084
01:15:15.520 --> 01:15:19.520
to be a game changer whomever can
come up with it. Almost like Canada

1085
01:15:19.520 --> 01:15:23.600
doesn't even have a quantum They don't
think they're working to get anything together.

1086
01:15:24.119 --> 01:15:28.079
They're they're dealing with a poop on
their streets and their their farmers protesting and

1087
01:15:28.159 --> 01:15:31.439
everything. Did you you guys remember
a Hawaiian Electric from last year? Yes?

1088
01:15:31.560 --> 01:15:34.640
How about that? Well, Hawaiian
Electric and they got trash. They

1089
01:15:34.680 --> 01:15:39.840
got trashed about fifty and why did
they get trashed, Well, they had

1090
01:15:39.880 --> 01:15:44.840
the fire which was being blamed on
some we gotta blame somebody right, So

1091
01:15:44.880 --> 01:15:49.800
it must have been them. They
were a real good choice because the fires

1092
01:15:49.880 --> 01:15:56.279
in northern California were blamed on the
utility company. Right turned out to be

1093
01:15:56.439 --> 01:15:59.319
true, and so I figure it
must be the must be Hawaiian Electric.

1094
01:15:59.399 --> 01:16:01.079
After that dry last year, they
started to recover a little bit and then

1095
01:16:01.079 --> 01:16:04.720
they just started trading this channel for
some time. But this this week,

1096
01:16:04.800 --> 01:16:08.640
the I think it was on Thursday, the stock surge more than thirty seven

1097
01:16:08.680 --> 01:16:12.319
percent after the utility company finally came
to an agreement that they're going to pay

1098
01:16:12.319 --> 01:16:16.439
about four billion dollars resolving hundreds of
lawsuits in the Mali wildfire, Maui wildfires

1099
01:16:16.439 --> 01:16:19.720
that took place last year. Yeah, you're having to put out four billion

1100
01:16:19.720 --> 01:16:23.359
dollars. I'm not sure why that's
such a great move for the stock.

1101
01:16:23.479 --> 01:16:28.439
I don't because because this was hanging
over it and would hang over it for

1102
01:16:28.560 --> 01:16:32.239
eternity. This makes it go away. And they have four billion dollars.

1103
01:16:32.319 --> 01:16:36.000
That's not a problem. You don't
want to give it away. But if

1104
01:16:36.039 --> 01:16:42.479
that makes a ten billion dollar problem
go away, that's a nice deal.

1105
01:16:43.600 --> 01:16:45.800
How about Ford what happened there?
I've been talking about forty well, you

1106
01:16:45.840 --> 01:16:49.600
know, we've been wondering on the
show why this stock with a five percent

1107
01:16:49.720 --> 01:16:54.560
dividend and a pe under six times
wasn't getting any love. But that has

1108
01:16:54.640 --> 01:16:59.239
all changed. Stock has been up
fifteen percent this month to a new fifty

1109
01:16:59.279 --> 01:17:01.680
two week high line. Next week, they announced they're going to invest three

1110
01:17:01.840 --> 01:17:09.239
billion dollars in a Canadian large truck
plant that was previously set to convert to

1111
01:17:09.359 --> 01:17:12.800
electric vehicles. What's the trading out
right now? Fourteen? You know,

1112
01:17:12.840 --> 01:17:15.560
it was down on Friday by about
eight. It got almost a fifteen dollars

1113
01:17:15.800 --> 01:17:21.319
last week. Four percent stuck around
twelve, Yeah, stuck around twelve forever.

1114
01:17:21.439 --> 01:17:26.079
And anyway, they it's it looked
like it was going to start to

1115
01:17:26.159 --> 01:17:29.079
break out. And anyway, they
still have a dividend around four and a

1116
01:17:29.119 --> 01:17:33.000
half percent, still have a pe
around seven. But this this large trucks

1117
01:17:33.000 --> 01:17:38.840
are primarily commercial vehicles, and that
now they've struggled in the EV market.

1118
01:17:38.920 --> 01:17:44.000
Ford has despite having one of the
coolest cars in my opinion, and investors

1119
01:17:44.239 --> 01:17:47.279
like that, they're moving away from
evs because they just frankly have kind of

1120
01:17:47.319 --> 01:17:49.880
sucked at it. Well, if
you want to talk about dividend stocks,

1121
01:17:49.920 --> 01:17:54.520
I think another one that Sebastian pointed
out was Whirlpool. They got a nice

1122
01:17:54.520 --> 01:17:57.680
little dividend, probably going to cut
it, but their chart looks really good

1123
01:17:57.760 --> 01:18:01.880
on the setup twelve percent dividends.
You and I Dave talked about a little

1124
01:18:01.880 --> 01:18:04.600
bit, thinking that they were going
to cut that dividend, and then the

1125
01:18:04.720 --> 01:18:11.199
next day they went up about twenty
percent. But that was an activist investor

1126
01:18:11.279 --> 01:18:15.520
getting involved, right, somebody who
was going to go acquire them. It's

1127
01:18:15.600 --> 01:18:17.760
scary for us to jump into that
stock now, just with a dividend that

1128
01:18:17.920 --> 01:18:23.439
high. I would I would did, based upon fifty years of doing this,

1129
01:18:23.520 --> 01:18:26.920
stay away from anything that's got a
dividend that high. There's something wrong,

1130
01:18:27.039 --> 01:18:30.520
speaking of back to this investor's Starbucks
was up seven percent on Friday,

1131
01:18:31.119 --> 01:18:35.800
partly because Elliott Management revealed that they
have a large position in the company and

1132
01:18:36.000 --> 01:18:41.920
they're actively working with Upper Management to
try and boost their stock price. Now,

1133
01:18:41.960 --> 01:18:46.720
we got caught up in the computer
meltdown on Friday. The CrowdStrike on

1134
01:18:46.880 --> 01:18:53.520
Thursday night did a software update that
went awry and shut down the world,

1135
01:18:54.640 --> 01:18:59.560
and our computers were down all day
Friday, and I did not see Starbucks

1136
01:18:59.640 --> 01:19:03.199
jump five Bucks or something. Darness
I I want to take a bigger position

1137
01:19:03.239 --> 01:19:08.399
to Starbucks. I was thinking it's
seventy four to seventy management looking pretty pretty

1138
01:19:08.439 --> 01:19:10.800
attractive. Elliott was in Disney,
right, they had to find a place

1139
01:19:10.840 --> 01:19:13.760
to get involved. Yeah, they
were bored, yep, so so they

1140
01:19:13.840 --> 01:19:15.680
took it. They have a steak
in Starbucks, Yeah I did. I

1141
01:19:15.720 --> 01:19:18.760
didn't see how much, but they
said a rather large one. Starbucks is

1142
01:19:18.840 --> 01:19:21.720
one of those one of those weird
company companies. You go buy any of

1143
01:19:21.760 --> 01:19:27.560
their stores, there's always lined they're
The stock is down because of China news,

1144
01:19:27.640 --> 01:19:30.720
just all the volatility, uncertainty going
off with the Chinese government about whatever

1145
01:19:30.720 --> 01:19:33.520
they're doing. That's the main reason
that they keep coming out with as to

1146
01:19:33.600 --> 01:19:38.479
why their stock it keeps going down. When they made China their focus,

1147
01:19:38.880 --> 01:19:43.760
they actually have a that's the issue
right now. Right now their growth and

1148
01:19:44.000 --> 01:19:46.840
in China they have a lot of
competition all of a sudden, coffee lucking

1149
01:19:46.920 --> 01:19:50.439
coffee, which which as I understand
it, I'm not a coffee drinker,

1150
01:19:50.800 --> 01:19:55.119
but I do understand that they sell
coffee quite a bit cheaper. The way

1151
01:19:55.199 --> 01:19:57.640
did they open their stores. When
you really think about it, it's kind

1152
01:19:57.640 --> 01:20:00.079
of weird, right, Starbucks.
If you think about it, they have

1153
01:20:00.159 --> 01:20:04.279
one here in Tucson on Glenn and
Campbell, and then they just opened one

1154
01:20:04.319 --> 01:20:09.920
on Campbell and Grant, And then
you go to the Albertson's parking lot and

1155
01:20:10.000 --> 01:20:14.119
there's one inside Albertson's. They're just
all over it, everywhere, the same

1156
01:20:14.479 --> 01:20:16.560
little to three mile radius. It's
really weird to me. No, I

1157
01:20:17.119 --> 01:20:19.439
agree with you hundred percent. It's
almost like car washes. Have you noticed

1158
01:20:19.479 --> 01:20:24.920
a car washers on the east side
of Challenge right now on Grant Road into

1159
01:20:25.319 --> 01:20:28.920
Wilmont area, there's five car washes
within two miles. But I don't understand.

1160
01:20:28.920 --> 01:20:30.920
It's like who gets a car washing
during monsoon season. I was the

1161
01:20:31.000 --> 01:20:32.960
point of that. I was thinking
about doing it, and then I was

1162
01:20:33.000 --> 01:20:35.279
like it rained and I was like, why was I thinking about it?

1163
01:20:35.359 --> 01:20:39.239
Well, so about about a month
ago I went through a mister car wash

1164
01:20:39.399 --> 01:20:42.319
right and they it cost me like
ten dollars and then he was like,

1165
01:20:42.399 --> 01:20:44.800
hey, do you want to do
a membership for twelve And I said,

1166
01:20:44.880 --> 01:20:46.840
you know what, maybe I'll get
another couple of car washes this month and

1167
01:20:46.880 --> 01:20:49.560
I'll end up canceling it. Well, I didn't because of the monsoons,

1168
01:20:49.600 --> 01:20:53.039
like Todd just said, so,
I'm kind of wondering about the business model

1169
01:20:53.079 --> 01:20:57.239
and the way that mister car wash
projects the revenue out. If there's so

1170
01:20:57.359 --> 01:21:00.520
many people like me out there,
you know, it's it's not gonna be

1171
01:21:00.560 --> 01:21:03.640
good for the business model, right
because I'm gonna buy it on the day

1172
01:21:03.680 --> 01:21:06.439
one. I'm gonna use it six
or seven times if I'm able to.

1173
01:21:06.600 --> 01:21:10.960
Granted, monsoons don't come, and
then what happens. I cancel the membership

1174
01:21:10.960 --> 01:21:13.640
and never go back again until I
feel like I have to. And there's

1175
01:21:13.640 --> 01:21:16.600
a reason that people that get their
cars washed during the monsoon, Todd is

1176
01:21:17.079 --> 01:21:23.439
is vanity. You can't you just
don't like well, or you just don't

1177
01:21:23.439 --> 01:21:26.960
like get dirty car. I just
don't get dirty car. My issues.

1178
01:21:27.000 --> 01:21:30.119
I got a car, right because
I'm thinking that's it. You can't be

1179
01:21:30.199 --> 01:21:32.880
driving around a dirty car, which
just out be like driving around and be

1180
01:21:33.000 --> 01:21:39.439
driving around in a Tesla truck.
It's embarrassing, right right right? Can

1181
01:21:39.439 --> 01:21:42.279
you imagine? I don't know,
I see these Tesla trucks around town,

1182
01:21:42.359 --> 01:21:45.760
and I have a Tesla obviously a
Tesla model. Why but I see the

1183
01:21:45.840 --> 01:21:50.720
Tesla truck an I don't. I
don't know. I would have never known,

1184
01:21:51.039 --> 01:21:55.520
never know. How about beyond me
two hundred and forty dollars stock back

1185
01:21:55.560 --> 01:21:59.880
in twenty nineteen. It's been spend
mired under ten dollars for most of the

1186
01:22:00.079 --> 01:22:03.720
last year. Beyond me, beyond
meat, that was the hottest stock going.

1187
01:22:03.840 --> 01:22:08.000
Man, that was the hottest stock
going. It was going to replace

1188
01:22:08.079 --> 01:22:11.279
meat, and it's just going to
be the way to go. Thursday,

1189
01:22:11.359 --> 01:22:15.000
to Wall Street Journal report, the
companies engaged with a group of bondholders to

1190
01:22:15.119 --> 01:22:20.560
start discussions about restructuring. No,
it's ah and they had a deal with

1191
01:22:20.680 --> 01:22:27.159
McDonald I thought you were done.
I had a test run with the McDonald's.

1192
01:22:27.199 --> 01:22:30.319
They didn't work out, so so
I had I brought it up on

1193
01:22:30.359 --> 01:22:32.399
the show two weeks ago about the
TSA through put and how it was at

1194
01:22:32.399 --> 01:22:34.600
an all time high, and I
was like, why does it make sense

1195
01:22:34.640 --> 01:22:40.960
that airlines aren't doing great? And
then it hit me, immigrants, legal

1196
01:22:41.000 --> 01:22:43.640
immigrants. I had a lot of
them on there. They're all putting them

1197
01:22:43.680 --> 01:22:47.319
through TSA that they ain't paying for
plane tickets, the government government idea or

1198
01:22:47.359 --> 01:22:50.279
the or the airlines eating the costs
right, And then I thought about,

1199
01:22:50.319 --> 01:22:54.359
wait, a minute. The airlines
were taken over in a way. Technically

1200
01:22:54.359 --> 01:22:57.920
they're nationalized when they were bailed out, so maybe they have to eat that.

1201
01:22:58.640 --> 01:23:00.199
I've heard a lot of that's why
they're profits are so bad right now.

1202
01:23:00.279 --> 01:23:04.279
It could be about that with Ford
too well. Ford is nationalized too

1203
01:23:04.359 --> 01:23:09.399
well because they got bailed out by
GM and FORD. So technically we don't

1204
01:23:09.399 --> 01:23:13.760
really know whether the government has control
in these companies or not, because technically

1205
01:23:13.880 --> 01:23:18.000
they they bailed them out. Flew
from Power. I flew from Tucson to

1206
01:23:18.159 --> 01:23:21.479
Dallas for Worth to Louisville and then
back to Dallas, forth and back to

1207
01:23:21.520 --> 01:23:27.159
Tucson. I saw no evidence of
illegal immigrants on any of those flights.

1208
01:23:27.279 --> 01:23:29.680
Well, they actually closed the borders. Now, Well, you also went

1209
01:23:29.720 --> 01:23:30.920
to Kentucky, right, Yes,
I did, right, I mean I

1210
01:23:30.960 --> 01:23:35.039
don't think they're from those songs of
Dallas. Yeah, I mean when I

1211
01:23:35.119 --> 01:23:39.399
went, I just went, like
well through two or three weeks ago,

1212
01:23:39.479 --> 01:23:42.399
I saw plenty. There's a whole
line they have, like a special line

1213
01:23:42.479 --> 01:23:45.039
for them. I've been to Colorado
twice this year, and each time that

1214
01:23:45.079 --> 01:23:46.840
I've been, there's, like Todd
said, there's a line. There's signs

1215
01:23:46.880 --> 01:23:50.920
out here Hey, immigrants, really
I saw not. Well. You can

1216
01:23:51.000 --> 01:23:54.439
tell that they were just brought up
from border patrol. I mean, that's

1217
01:23:54.439 --> 01:23:57.600
how they're They're just moving them all
across the country. So that that's what

1218
01:23:57.680 --> 01:24:00.039
made sense to me about the t
s A through put and why it's hitting

1219
01:24:00.079 --> 01:24:03.439
an all time high. But airlines
aren't quite seeing it. I think despite

1220
01:24:03.479 --> 01:24:06.680
having to pay all this money to
house these people, to take care of

1221
01:24:06.720 --> 01:24:11.000
these people, I think they've been
sold to Billy Goods as well. You

1222
01:24:11.079 --> 01:24:14.439
know, then someone's told them you
if you get up there, boy,

1223
01:24:14.520 --> 01:24:17.520
it's the land of milk and honey
and all that. Anyway, we'll be

1224
01:24:17.640 --> 01:24:21.000
back after this break with the final
segment of The Money Matter Show. Again,

1225
01:24:21.199 --> 01:24:25.319
thanks again for joining us. We
appreciate it. Welcome back to The

1226
01:24:25.359 --> 01:24:28.279
Money Matter Show. My name is
Todd Glick. I'm here with Sebastian bors

1227
01:24:28.359 --> 01:24:30.920
Sini, David Sherwood, and Dylan
Greenberg. Remember we have all of our

1228
01:24:31.000 --> 01:24:34.600
TV shows listening on our YouTube show. I put my weekly market updates on

1229
01:24:34.640 --> 01:24:39.359
there as well. Also, you
can listen to last week's Dean's monologue.

1230
01:24:39.399 --> 01:24:44.239
He came in early Sunday morning after
the assassination attempts on Donald Trump and gave

1231
01:24:45.680 --> 01:24:48.800
more thoughts a twenty four minute monologue
on top of his actual morning monologue that

1232
01:24:48.880 --> 01:24:53.359
he did that he normally does.
So make sure you go to our YouTube.

1233
01:24:53.680 --> 01:24:57.439
It's a really good piece where you
can hear our thoughts, well Dean's

1234
01:24:57.439 --> 01:25:01.159
thoughts on that event and what he
thinks what potentially could happen afterwards. We

1235
01:25:01.199 --> 01:25:05.239
also have our TV shows. Like
I said on NBC at Night's Sunday Night

1236
01:25:06.039 --> 01:25:09.920
twelve thirty, Dave has done that. Try about that show. Yeah,

1237
01:25:09.920 --> 01:25:14.920
I don't know why off. Then
what we have also is you can go

1238
01:25:15.479 --> 01:25:19.520
to our Facebook page. We're putting
more content on there and yeah, I

1239
01:25:19.600 --> 01:25:23.359
mean we have all of our podcasts
listed. If you ever missed a show,

1240
01:25:23.399 --> 01:25:25.960
you can always go to there.
So take advantage. We have all

1241
01:25:26.079 --> 01:25:29.000
kinds of educational resources for you.
Like we said on the last segment,

1242
01:25:29.039 --> 01:25:31.760
if you have younger people that want
to get involved during the summer break and

1243
01:25:31.880 --> 01:25:36.000
want to understand what's going on with
with how to get themselves set up.

1244
01:25:36.359 --> 01:25:41.680
We're here for everybody, so take
advantage of us. Yeah. The reason

1245
01:25:41.720 --> 01:25:45.239
that my phone is goes off and
you guys have done it because you guys

1246
01:25:45.359 --> 01:25:47.199
get a lot of calls. So
you know before the show, you got

1247
01:25:47.319 --> 01:25:49.880
to turn your computer your phone off, right, I don't ever get any

1248
01:25:49.920 --> 01:25:53.880
calls. Well, you don't know
that. All my spam calls go automatically

1249
01:25:53.960 --> 01:25:57.159
to voicemail, so I don't I
don't get those, don't ring at all.

1250
01:25:57.479 --> 01:25:59.439
I don't remember having my phone on
ringer. Why would you have your

1251
01:25:59.479 --> 01:26:00.840
phone on ringer? Why would I
have my phone on ringer? Yeah,

1252
01:26:00.840 --> 01:26:04.359
because I'm deaf. You don't feel
it the help. You don't feel it.

1253
01:26:04.479 --> 01:26:10.720
Now you're feeling me, Todd,
I feel you. That's disgusting.

1254
01:26:11.279 --> 01:26:17.720
So CrowdStrike on Friday, CrowdStrike was
was the news on Friday, Right,

1255
01:26:18.279 --> 01:26:20.560
we want to talk a little bit
about that. Crazy Yeah, I mean,

1256
01:26:20.600 --> 01:26:27.000
CrowdStrike went down eleven percent, and
that's primarily because it just had that

1257
01:26:27.039 --> 01:26:32.079
blackout and they said it was an
update that went awry during during the Thursday

1258
01:26:32.119 --> 01:26:35.000
night update, they had something on
their computer. But it was worldwide.

1259
01:26:35.479 --> 01:26:41.479
It was everywhere. Bangladesh had absolutely
nothing worldwide government. Yeah, we saw

1260
01:26:41.560 --> 01:26:44.640
it through this uh, through the
US everywhere, but it was mostly it

1261
01:26:44.720 --> 01:26:48.520
was only with Microsoft, Apple and
Linux. I don't know exactly which one

1262
01:26:48.560 --> 01:26:55.119
that is, but Apple not affected. At all and Windows it was Windows

1263
01:26:55.560 --> 01:27:00.760
host stuff all that affected anything in
cyber Uh. Crowd strike has a deal

1264
01:27:00.800 --> 01:27:04.319
with the world's dependency. Thing is
insane. They have deals with a lot

1265
01:27:04.439 --> 01:27:10.880
of Fortune five hundred companies, so
I have government contracts. Yeah, Mattie

1266
01:27:11.159 --> 01:27:14.319
or my girlfriend said she went to
the mall on Friday. She wasn't even

1267
01:27:14.359 --> 01:27:17.399
let into a couple of the stores
because they had to close down the systems.

1268
01:27:17.439 --> 01:27:20.159
But my house was closed on Friday. They just had like somebody outside

1269
01:27:20.199 --> 01:27:24.680
with one coffee pot. I'm calling
literally closed, Lily. You cannot go

1270
01:27:24.720 --> 01:27:27.920
through the driver. I'm calling that
computer maultdown. Yeah. I'm calling f

1271
01:27:27.960 --> 01:27:31.279
andng anwdi's early on to figure out
something about a policy number. They can't

1272
01:27:31.279 --> 01:27:34.800
even get into their system check in
on it something. And our computers were

1273
01:27:34.880 --> 01:27:41.159
down all day American imagine being on
a flight today traveling thousand flightis were canceled

1274
01:27:41.239 --> 01:27:45.560
today on Friday. Lost my mind. In the UK, one company,

1275
01:27:45.800 --> 01:27:50.960
one company screwed up a software update
and it shuts down the world too dependent

1276
01:27:51.560 --> 01:27:56.760
dependent and to computer If that's strong
old they have on that industry, I

1277
01:27:56.800 --> 01:27:59.680
guess though, So where's the anti
trust laws coming in here? Oh?

1278
01:27:59.720 --> 01:28:02.600
They're they're coming. That's what the
government loves. If anything, and you

1279
01:28:02.680 --> 01:28:06.079
know, if you want to put
a conspiracy out there, the governments love

1280
01:28:06.279 --> 01:28:11.399
crisises because it gets the more power. I had a number of calls on

1281
01:28:11.560 --> 01:28:15.920
Friday from traders wanting to buy CrowdStrike. That's saw it as an opportunity right

1282
01:28:16.199 --> 01:28:18.960
well, without a doubt. I
mean, it's still one of the biggest

1283
01:28:18.960 --> 01:28:23.239
cybersecurity companies. But you know what's
interesting too, this is what I love

1284
01:28:23.279 --> 01:28:28.880
about technicals. It fell opened right
at its two hundred day that two ninety

1285
01:28:28.920 --> 01:28:31.279
five. I had one of my
traders, could that happen? Right?

1286
01:28:31.439 --> 01:28:34.880
It was? It was like what
thirty points above it? And then this

1287
01:28:35.039 --> 01:28:38.760
happens and no one knew this was
going to happen, and then it just

1288
01:28:38.800 --> 01:28:43.079
perfectly opens right day if it just
fell right there. I had one of

1289
01:28:43.119 --> 01:28:45.279
my traders call up about fifteen minutes
before the open to say, buy me

1290
01:28:45.319 --> 01:28:47.680
two hundred CrowdStrike at the open.
I go, are you kidding me?

1291
01:28:47.840 --> 01:28:50.439
Yeah? I thought to myself,
boy, that's got it. That's some

1292
01:28:50.640 --> 01:28:56.560
that's some aggressive trading there. We're
swinging that I would have never expect because

1293
01:28:56.560 --> 01:28:58.439
I you know, you you don't
know what's going to happen. I mean

1294
01:28:58.920 --> 01:29:01.560
opened to at two ninety five and
ends up at two fifty five. Who

1295
01:29:01.680 --> 01:29:04.560
knows, right, But that was
kind of the low for the day.

1296
01:29:05.600 --> 01:29:10.960
It was back because I mean,
you just that the news gets better throughout

1297
01:29:10.960 --> 01:29:14.479
the day, which it did because
overnight you thought it was a cyber attack

1298
01:29:14.600 --> 01:29:18.119
on a cybersecurity company that's supposed to
protect the governments, right, and it

1299
01:29:18.199 --> 01:29:21.520
wasn't any cyber attack. Yeah.
So when it found out that it's just

1300
01:29:23.319 --> 01:29:27.199
an update issue, I think people
got happier and like, to me,

1301
01:29:27.399 --> 01:29:30.479
I love this, you know,
this whole crowd strike thing because it proved

1302
01:29:30.479 --> 01:29:32.960
to me all this stuff that people
talk about bitcoin. You know what happens

1303
01:29:32.960 --> 01:29:36.479
if the system crashes. Well,
your bank crash today. So how do

1304
01:29:36.560 --> 01:29:40.720
you like me now right? I
mean we're on the same schedule exact.

1305
01:29:40.760 --> 01:29:43.239
You know, everything's digital. I've
been trying to explain that. If you

1306
01:29:43.279 --> 01:29:45.640
have a bank account, it's digital. Yeah, you can have cash.

1307
01:29:45.800 --> 01:29:48.359
Cool. You try to bring a
bucketload of cash to another country, You're

1308
01:29:48.399 --> 01:29:51.560
not doing it. So at the
end of the day, it comes down

1309
01:29:51.640 --> 01:29:56.000
to are you connected. It's just
you know what I mean, Todd's head

1310
01:29:56.119 --> 01:29:58.479
so much. Oh, I loved
it. And guess what happened to bitcoin?

1311
01:29:58.520 --> 01:30:02.439
Though? It was up seven percent
today on that seven percent on Friday.

1312
01:30:02.600 --> 01:30:05.720
Yes, he just uh, out
of curiosity. Did you guys see

1313
01:30:05.720 --> 01:30:12.239
that thing about Austin Private Wealth LLC? No, So last Friday they shorted

1314
01:30:12.319 --> 01:30:16.039
twelve million shares of DJT via a
put option. That was the day before

1315
01:30:16.079 --> 01:30:19.960
the assassination attempt on Saturday. I'm
not saying maybe they knew something, just

1316
01:30:20.000 --> 01:30:25.119
a little weird, A little weird
to me. They shorted it, twelve

1317
01:30:25.199 --> 01:30:29.520
million shares of it of DJK JT. So they thought the stock was going

1318
01:30:29.560 --> 01:30:34.439
to plummet is a day before.
Yeah, they were kind of wrong.

1319
01:30:34.520 --> 01:30:38.680
Huh they got well, they tripped
off. They also were going to be

1320
01:30:38.720 --> 01:30:41.800
too mad about them? Well,
no, sure what sure what they were

1321
01:30:41.840 --> 01:30:46.680
wrong? Bynch. So you're saying
that if he was killed, the DJT

1322
01:30:46.880 --> 01:30:50.399
would have collapsed. I mean,
yeah, I assume, Yeah, I

1323
01:30:50.479 --> 01:30:53.800
think I could see that. Yeah, And so that's what he's saying.

1324
01:30:54.600 --> 01:30:57.119
It's the only reason that stock catches
a bit. It's not because there's a

1325
01:30:57.159 --> 01:31:00.600
business underlying business in there. There
was a room that Musk is going to

1326
01:31:00.640 --> 01:31:08.039
buy dj T by did buy truth
social name truth or name X which used

1327
01:31:08.079 --> 01:31:13.000
to be twitterful back to Twitter.
You get your news from Twitter. I'm

1328
01:31:13.039 --> 01:31:17.680
concerned about your algorithm. So Twitter, which is now x yes, moved

1329
01:31:17.720 --> 01:31:21.760
to Texas. They are going to
Yes and space X is moving to Texas.

1330
01:31:24.960 --> 01:31:28.600
Essentially all my exes live in Texas, all right, George? Straight

1331
01:31:28.960 --> 01:31:35.319
right? Ke mine? Like one, what are you talking about? You

1332
01:31:35.359 --> 01:31:40.359
guys? Would you just call them? But where you where you put?

1333
01:31:41.319 --> 01:31:44.479
Where you put? What? You
can't think of the space ship's name?

1334
01:31:45.319 --> 01:31:48.640
Space? No? So space ships
they get sent into the air. I

1335
01:31:48.680 --> 01:31:50.720
guess whatever? What are they call
blast off? What? What do you

1336
01:31:50.760 --> 01:31:55.159
call that blast off? Lift off
off? If you do it in either

1337
01:31:55.720 --> 01:31:58.880
Texas or Florida? So you don't
you wouldn't do it. They were just

1338
01:31:59.239 --> 01:32:01.680
create launched. Thank you goodness,
very good. Yeah, thank you for

1339
01:32:01.760 --> 01:32:09.359
the word to find it. So
mus say Texas, Yes, it would

1340
01:32:09.359 --> 01:32:13.840
it makes sense and test uh space
X works a lot with uh NASA,

1341
01:32:14.479 --> 01:32:17.119
So that's in Texas. Isn't Houston? Yeah? No, they're Cape Canaveral,

1342
01:32:17.199 --> 01:32:21.199
but NASA they're so bad with bureaucracy. Everyone says that in Houston.

1343
01:32:23.560 --> 01:32:26.199
Well they're in They're in Houston too. That is true. That's where that's

1344
01:32:26.199 --> 01:32:29.279
where the museum is, the Hall
of Fame or whatever. I don't know.

1345
01:32:29.840 --> 01:32:31.800
They're in both places. And I'm
very distressed to hear about the avenue

1346
01:32:31.840 --> 01:32:34.880
from for that one. Yeah.
Yeah, I'm very distressed to hear about

1347
01:32:34.920 --> 01:32:39.079
Starbucks popping five percent on Friday because
we had no computer, so I didn't

1348
01:32:39.119 --> 01:32:41.520
know that. Oh so your pomo
is really itching at you right now.

1349
01:32:41.880 --> 01:32:45.880
Apparently it had it hit a two
it hit a two year low on Wednesday,

1350
01:32:45.920 --> 01:32:47.319
and I'm thinking I probably need to
get somebody, you know what.

1351
01:32:47.479 --> 01:32:50.199
Also, you said you gotta buy
bitcoin fifty four, and did you need

1352
01:32:50.239 --> 01:32:53.600
to stop doing No? I said
I would have it had I had the

1353
01:32:53.640 --> 01:32:58.359
opportunity. I would have. You're
one thousand dollars off right. Uh No,

1354
01:32:58.479 --> 01:33:00.800
it was fifty four, but it
was fifty on a Saturday, so

1355
01:33:00.920 --> 01:33:03.479
there was no way I could have
done it. So but I would have

1356
01:33:04.199 --> 01:33:08.199
because I was kind of eye in
that area. You know, bitcoin trades

1357
01:33:08.239 --> 01:33:13.880
on the weekend, right, But
yeah, the for himself, the efs

1358
01:33:13.960 --> 01:33:16.159
don't, And that's kind of how
we advise people to buy bitcoint used to

1359
01:33:16.840 --> 01:33:20.319
you're for yourself? Yes, gotcha? Yes, I kind of. I

1360
01:33:20.319 --> 01:33:24.239
wouldn't buy for a client. It's
too crazy, are you kidding me?

1361
01:33:26.680 --> 01:33:30.439
Were money or money? Were money
managers not dealers. It's money, corners,

1362
01:33:30.520 --> 01:33:34.920
Starbucks. They wouldn't buy for a
client Bitcoin, okay, bitcoint yeah,

1363
01:33:34.920 --> 01:33:39.920
Starbucks absolutely, okay, no,
absolutely, So you buy ford Ford

1364
01:33:40.119 --> 01:33:44.119
absolute. We got a lot of
for almost all clients. Af Ford I

1365
01:33:44.199 --> 01:33:46.079
know, yeah, Point doesn't.
Why wouldn't you have for it because it

1366
01:33:46.079 --> 01:33:50.239
doesn't make money We've been talking about
because what doesn't make money doesn't make money?

1367
01:33:50.479 --> 01:33:53.960
Yeah, yeah, they do.
Boring stock for almost a year.

1368
01:33:54.079 --> 01:33:56.640
Yeah, it was gone from twelve
to fifteen in the last week. Now

1369
01:33:56.680 --> 01:34:00.680
it's gone twelve to how's thats?
How's that mischief with the I like their

1370
01:34:00.760 --> 01:34:05.039
new outlook on evs though, how
they're pulling back on such such a high

1371
01:34:05.039 --> 01:34:09.199
event. Yeah, they're just not
any good at it and they admitted it

1372
01:34:09.319 --> 01:34:12.920
and they're moving on. Yeah,
so it's kind of like they'll be back

1373
01:34:12.920 --> 01:34:15.279
the wrong player in the NFL and
like you always got to move on.

1374
01:34:15.720 --> 01:34:17.920
Well, I think there's a thinking
that now too, that that if Trump

1375
01:34:18.039 --> 01:34:21.680
were to get elected, the ev
mandate, which are just ridiculous. I

1376
01:34:21.840 --> 01:34:26.760
just think like Toyota is a better
company than Ford all around with what they've

1377
01:34:27.079 --> 01:34:29.800
just shown over years. Well,
absolutely, no question. That's very un

1378
01:34:29.880 --> 01:34:33.279
American of you, Absolutely no question. Yeah, Well it's been a it's

1379
01:34:33.319 --> 01:34:38.239
been a fun one. Not sure
what's going on, But what I do

1380
01:34:38.479 --> 01:34:41.479
know is that as we're going to
run down on the end of the show,

1381
01:34:41.640 --> 01:34:44.239
I want to make sure everyone takes
advantage of financial plan. We have,

1382
01:34:44.720 --> 01:34:46.119
you know, a couple more weeks
left in this summer months, it's

1383
01:34:46.119 --> 01:34:50.199
still hot. We have more time, so take advantage because when this winter

1384
01:34:50.359 --> 01:34:55.039
comes around, we will not have
that time. I can't even imagine what

1385
01:34:55.319 --> 01:34:59.439
the crowds that you've been getting the
last two weeks in the middle of the

1386
01:34:59.560 --> 01:35:02.039
summer, what it's going to be
like trying to get in here in October

1387
01:35:02.159 --> 01:35:08.319
November. I can't even imagine,
or February, when the snowbirds typically stay.

1388
01:35:08.520 --> 01:35:11.920
I seriously don't remember a time we're
this busy in the summer. No,

1389
01:35:12.560 --> 01:35:14.520
I don't either. I've been doing
this for fifty years. I've never

1390
01:35:14.560 --> 01:35:17.279
seen a firm as busy as well. Right now it's getting more permanent residents

1391
01:35:17.479 --> 01:35:20.119
rather than we are. A lot
more people living here now and you can

1392
01:35:20.159 --> 01:35:23.560
see that when you drive around.
Typically in the middle of the summer,

1393
01:35:23.560 --> 01:35:26.840
you can drive around and go to
any restaurant you want, any movie you

1394
01:35:26.920 --> 01:35:29.239
wanted, and it'd be nobody around. You know, you call up and

1395
01:35:29.239 --> 01:35:30.840
say, what time is the movie? I don't know what time? Can

1396
01:35:30.880 --> 01:35:33.640
you be here? You know,
we're almost to the end of July and

1397
01:35:33.680 --> 01:35:38.600
then we're just five months left.
Yeah, I'm pretty soon. Was coming

1398
01:35:38.680 --> 01:35:41.760
back. Anyway, we're probably gonna
get six thousand on SMP. Now that's

1399
01:35:41.800 --> 01:35:45.279
the end of your price target six
thousand. That's the latest one hit our

1400
01:35:45.319 --> 01:35:46.760
fifty six hundred. I got it. I got it. That was the

1401
01:35:46.840 --> 01:35:49.560
end of years fifty six. But
back off now, so we got and

1402
01:35:49.840 --> 01:35:54.279
the back off of the pullback is
healthy, it's needed, I think.

1403
01:35:54.319 --> 01:35:57.640
So anyway, we're coming up to
the end of the show. We appreciate

1404
01:35:57.680 --> 01:36:00.760
your joining us on this Sunday morning
here the Greenberg Financial We want to be

1405
01:36:01.119 --> 01:36:04.560
happy, but the most important thing
is to be healthy, because if you're

1406
01:36:04.560 --> 01:36:06.920
not healthy, you're not happy.
But at the end of the day,

1407
01:36:06.960 --> 01:36:12.159
what we're really trying to be is
profitable. See you next week.