April 13, 2025

Trump's Tariff Twist That Caused a Historic Market Surge

Trump's Tariff Twist That Caused a Historic Market Surge
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Trump's Tariff Twist That Caused a Historic Market Surge
Trump's Tariff Twist That Caused a Historic Market Surge

This week on Money Matters, brought to you by the Greenberg Financial Group, we break down a whirlwind week on Wall Street and beyond. President Trump’s unexpected pause on his latest round of tariffs, excluding China, has sent shockwaves through...

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This week on Money Matters, brought to you by the Greenberg Financial Group, we break down a whirlwind week on Wall Street and beyond. President Trump’s unexpected pause on his latest round of tariffs, excluding China, has sent shockwaves through global markets. What does this mean for trade, your portfolio, and the broader economy? We’re here to help you make sense of it all.
In the midst of two volatile trading weeks, the S&P 500 recorded its third-best day since World War II, a historic move that has investors asking, “What’s next?” We take a step back to analyze where markets could be headed and what opportunities might be on the horizon.
We also pull back the curtain on our financial planning process, showing how it's helped clients stay focused, calm, and confident—even in the eye of the storm.
Finally, we dive deep into Trump’s tariff strategy, unpacking the near-term risks and long-term impacts for both the domestic and global economy. This is an episode you don’t want to miss—packed with timely insight, sharp analysis, and the strategies to help keep your financial plan on track.
If you would like to contact us to learn more about our firm and our process call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

WEBVTT

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Good morning to your son. It's that time again, eight

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o'clock right here in seven ninety knst. And this is

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the Money Matter Show with Dean Greenberg. You know, if

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you don't know what's going on, don't worry about it.

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You're in the same camp as most people. Things are

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happening so fast this week. If you're upset, if you're nervous,

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you should be. But this is what you need to

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have a plan for. This is why you need to

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be able to know what you need out of your portfolios.

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You need to know how you're gonna live, how long

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are you gonna live, how much money you're going to need,

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and you need to put together a plan. If you

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don't put together to plan for your retirement and the

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market's falling and you're scared, you got to see somebody,

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because probably what's going to have to happen is you're

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gonna have to wait for things to get good again

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and then put that plan in place that this ever

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happens to you, as you're older, you won't have to

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worry about it. So I'm going to try to talk

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to you a little bit about the markets, and I'm

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going to talk to you about what's going on with

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the tariffs and Trump and the confusion that people have,

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and try to clear this up a little bit in

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a positive way, because all you're hearing lately is negative, negative, negative,

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negative right across the board. And you know what that means.

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Negativism creates opportunity. People that can't see through the muck

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end up doing the wrong things. People that have vision

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can actually see through everything going on and understand from

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experience what's happening, where it's going, and why it becomes opportunities.

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What I can't tell you is where the bottom is.

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We had some great rallies, and obviously we had some

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big moves down. Times were up and then way down.

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Then we were way up because we had the tweet

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that will supports for ninety days on the terraffs, but

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we're gonna increase China. And then we had the opportunity

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to go ahead and fall again on Thursday, and then

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we rallied on Friday. But for the week that ended

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us up five percent pretty much across the board. We're

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still down for the month, about four percent across the board.

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NWASDAK is the one that's down of seven percent for

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the week. Still down for the year. Now S and

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p's out about nine, now'sac's around thirteen, the Dow's down

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about five. So before we go forward, remember the show

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was brought to you by Greenberg Financier Group. Greenberg Financial

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Group is a registered investment advisory fee only business. We

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put ourselves on the same side as the clients. You've

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heard the commercials all over the place. We've designed our

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firm to do better when you do, and obviously when

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you don't, we do worse. Also, we want everyone to

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benefit from the markets, from the plan, from the way

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your portfolio is put together. There's risk with everything. We

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try to make sure you understand your risks. Nothing is

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risk free, and that's obviously in the markets we're in

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right now. So let's start from the beginning here. Why

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is this administration? Why is Trump trying to go ahead

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and do what he's doing. To me, it's a little

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different picture, okay, But the main reason he's doing this

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is because something that we have talked about for years

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and years and years and years, and no one, including

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Trump the first time, did anything about it. It's all

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about our debt situation thirty six trillion, thirty seven trillion,

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moving the forty trillion. That's going to break the back

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of America. We cannot continue to have our debt increase

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without trying to do something about it first. In the

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end of the day, I believe he's trying to save America,

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and he knows he's going to take the heat. He

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knows this is what's going to happen. But you have

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to do it. I prefer this happening now as opposed

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to the next president. The next president when we actually

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are in a position that we cannot do anything and

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all we do is cut services and raise taxes, which

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would put us into a tailspin that we would not

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recover from our debt rising for the last twenty five years.

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It's not just something that just happens. This global When

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we went into this global trade and global exchange of

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everything and we were outsourcing everything to get lower products,

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we knew one day that's going to come back and

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bite this in the button. The person that really benefited

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from this whole thing, the country that benefited from this

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whole thing, has been China. China started off as a

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very very low economic, very small GDP country, and they

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were always considered the emerging growth country, which gave them

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advantage in trade. They gave them advantage in different things

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that were put together, like the climate control They could

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be part of it, the Paris Climate Act, but they

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didn't have to put money in many things that happened

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around the world. They were considered an emerging growth country

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and still are and get the benefits as an emerging

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growth company. And there was no way they should do this.

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But you remember, China plants things out for twenty five

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to fifty one hundred years for them to take over.

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They know they can't take over America militarily, we just

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wipe out everybody what they could do, and they've been

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doing and they continue to want to do. And this

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is why we're aimed at China, is to bring America

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down economically by creating a debt that's going to topple

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us over because US as Americans do not understand the

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depth and the threat of too much debt. We know

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it on an individual basis, but we don't know it

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as a country. We believe most people in this country

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believe that all you can do is just print money. Well,

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then we get a little inflation, and then we can't

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pay for it, and then the dollar decreases, then the

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dollars are part of the number one safety place. We've

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touched that area a couple of times in the last

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ten years when they almost downgraded our debt and everything,

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but we've been able to get out of it one day.

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You don't get out of it unless you do something

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proactively about it. This is what Trump is trying to do.

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It's simple. Our last four generations, my great grandfather, my grandfather,

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my father, everyone in my family has always said, I

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want to present opportunities for my children to have a

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better life than me. And it's moved down the line.

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As my parents said, I'll send you to college. They

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were blue collar workers, never went to college. You have

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to do this, You have to do that, and we'll give

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you the opportunity to go to college. We'll pay you tuition.

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You got to pay for the other stuff and move forward.

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And it was able to do that when tuition was

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five thousand dollars and a twenty five hundred dollars loan

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from the school from the government, was able to pay

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for all my other needs for the rest of the year.

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It's impossible today. Things didn't go up twofold to threefold.

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They've gone up ten to eleven twelvefold, but salaries haven't

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grown that much. So the whole idea of what was

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considered a generation of I want my kids to do better,

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and believe me, I'm in the same part. I want

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my children to do better than me. I want them

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to have opportunities to do better, and my grandchildren and

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everybody should think the same way. Most parents can't think

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that way. Most parents are in a situation that they

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barely can live from paycheck to paycheck. Their debt is

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so much higher percentage of what they have actually earned

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than it's ever been. We're in a position right now

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that we can barely survive on what we're doing. The

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American family, when they were growing and happy, was able

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to do what they were able to afford a home,

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send kids to college, go on family vacations, save money.

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Those things are all gone for the most part. And

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that is why we have a scenario where we need

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to bring back the blue collar middle class and build

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them up. And that's exactly what Trump and his administration

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are trying to do. So how do you do that? Well,

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you know, we got to cut spending, and you know

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we got to shut the borders. We got to stop

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giving away everything to everybody. And if you look at

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the plan that he's trying to do is first figure

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out where the fraud and the waste is coming from.

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And that's what the Doute Committee's doing. And this is

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not the first time that a president has done this.

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Biden did it, Obama did it, Clinton did it, and

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Bush did it. The difference is we have a plan

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that he actually going to try to get something done,

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and that kicked a can down the road. But it's

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also being done in a time when we're so fragmented

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and so divided that no matter what he does, you're

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going to find fault if you're on the other side.

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No different that every time that Democrats tried to do something,

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the Republicans tried to find fault on the other side.

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I mean, the market's falling, falling, falling, falling. He finally

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does something, which I think is very very important when

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you put a plan together. He recognized that the bond

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market was getting out of control, that the sentiment was

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getting out of control, and that he had to do something.

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So he saw that people were willing to go ahead

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and come and talk about negotiations. He paused everything to

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get these negotiations in except with China, who was first

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of all the biggest culprit, but also the one that's

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created only these problems, and the one that doesn't want

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to negotiate yet because they think they're tough and strong

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just like we do. Okay, that sent the market up

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to historic levels, not levels, but historic one day levels.

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And what does the left come out instead of finally saying, Hey,

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that's great, I'm glad he's listening. I'm glad he's not

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tone deaf. I'm glad he's and he's he's nimble and

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able to make changes while we go through this process

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of trying to get to where we need to do now.

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They talk about him telling people and and and and

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having his family and other people buying securities beforehand, and

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he told people to buy beforehand. Yes, he's saying it's

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going to be a good time to buy securities because

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down the road they're going to go up at some time.

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And they went up and then they went right back down,

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and then they went up again. That's volatility. But all

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they could do now is put in the ear of

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the people that want to listen on the left that

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they were fraudulent. They did things wrong. We need to

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have a committee. We need to go look at stuff.

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That is what's wrong with America today. You want him

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to do something. We've not had a president that's willing

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as quickly as he did to make some adjustments as

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we go along. I've always wanted a president to put

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a plan in place and make adjustments. I know you're

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probably sick of listening to this, that this is the

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way I always look at it. As a football coach

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and offensive coordinator. I put a game plan in during

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the week and get ready for the game. I get

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through the first quarter, in the second quarter, and I

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get in the halftime win or lose. I'm looking at

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my game plan and say what do I do for

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the second half? Do I stay the same? Well, they're

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going to make adjustments, So how am I going to

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make my adjustments to their adjustments so at the end

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of the day I can achieve my goal, which is

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to have more points than them. That's the way it works.

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What he's trying to do is to go head and

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cut our debt. We're going to try He's doing it

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through tarras some people. Most people say, this is never

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gonna work, he's bringing down the market, he's doing this,

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he's doing that, and now the saying is for his

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own benefit. Once it bull Okay, I'm tired of listening

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to every time one president or one side does something

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that they're just doing it for their own benefit. And

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I'm telling you right now, I would accept more of

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the left's input if they ever recognized a couple of things,

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recognize that Biden was never able to be president. And

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they lie to our faces one every single day. And

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the worst was when they had their press secretary on

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there saying what you're seeing is AI images and don't

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look at it. I can't trust them when they don't

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come out and apologize for the hunt of biden laptop

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that fifty CIA FBI agents actually signed off saying it

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was Russian interference when we knew don well, it wasn't,

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and it's been proven it wasn't. And you wonder why

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there's no trust. You wonder why Trump won. When you

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have no trust, you can blab your mouth all day long.

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No one's going to listen to you. So everything they

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say now, everything they come down about is not good.

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No one listens except the people that actually are on

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the left and want to do it and believe it.

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And I'm sure it's the same thing on the right

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when we forgive a lot of things that Trump does

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along the way. But going back to the economy, we're

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trying to reduce the debt. We're trying to make America

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better for all our children and our grandchildren. And if

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we don't do it, they will be strapped with all

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the debt and they will not be able to get

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themselves out of it without getting taxed so high that

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it'll be hard for them to live because you can't

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grow the economy enough to pay a forty fifty sixty

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trillion dollar debt, especially when you need foreign is to

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buy our debt and they can manipulate that into crushing us.

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We need to protect Everyone thinks to military is strong,

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and it is, but if we don't protect our economy,

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our debt, we will not be able to survive. That's

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where they want to kill us. That's where they want

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to knock our knees out. That's where they want to

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bring us down and humiliate us and say we're no

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longer using the dollar, We're no longer need your economy,

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we don't need you buying stuff from us, we'll go

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in to other places. I don't see that happening, but

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that's what they've been doing. If we don't do something

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about it, it will happen social security. They're all worried

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about something happened to social security. Well, we've talked for

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twenty years at social security is something's going to happen

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if we don't do about it. But now that we're

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trying to look at it and say, let's get rid

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of the fraud and then we'll come up with a plan.

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And you've heard my plan. We have to do something.

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We have to have a twenty, twenty five, thirty year

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plan that in thirty years, when our grandchildren are getting

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to retirement age, that they don't have to worry about

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social security because they put enough money away for themselves

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with their employee employee and social security is no longer needed.

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There will be a window that the government will have

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to subsidize. But hell, why don't we subsidize ourself then

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subsidizing the world who will never give us back money

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if we need it. Remember that, okay, what country is

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going to write us checks if we need it? And

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we're and we're in trouble nobody, nobody, they'll just push

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us aside. Remember, when you're strong, you have to rule

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with strength. But once you don't have that strength, then

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guess what happens. We're going to be the ones that

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have to go ahead and take it, and no one's

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there to help us. And that's the facts, people. So

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that's why I'm all about us getting added debt first,

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helping our country, helping our people, helping our families get

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back to where they can do go on family vacations,

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save money, look for colleges, and go ahead and buy homes.

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Our kids have to be able to do that. Our

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grandchildren need to be able to do that. Until that happens,

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we are going to be in the same situation. What

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do you what did everyone else do? What did the

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last administration do? When they say are you better off

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today than you? What ten or fifteen years ago? You

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might have some more money because we're the ones that

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knew how to do it. But our kids, what are

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they doing? How are they doing? The government put money

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in too stimulate the economy. The government hired people so

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one employment would stay low. But then what do they

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do They turn around and say, oh, you can break

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those contracts and not pay back that debt. You don't

293
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have to pay for those mortgages, you know in OA,

294
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you don't need to pay for the the what do

295
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you call it, the school loans that people took out

296
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to get better and do things. But other people took

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out school loans get campaign back, so they get them removed.

298
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Why is that a good thing? If we're in that position.

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They did nothing to do something to the solution they gave.

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They said, okay, you don't have to pay the debt,

301
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but they never did something that today's people and tomorrow's

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people and ten years people going to college, how are

303
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they gonna pay for it? And you know what's gonna happen.

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Colleges won't have the money and they're gonna crumble because

305
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all they've done was put so much money and borrowed

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so much money and been building building after building after building.

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And most people just take it test online. Now a

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lot of kids are just taking classes online. I am

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so surprised that the other day said, how are you

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practicing football in the morning? And they you know, at

311
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U of A, And they said to me, they said, well,

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no one goes to class. They all go to the

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the computer labs and they they take their their their

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classes online. So why do we have all these buildings.

315
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Why have we put so much money into all these things?

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No one's looking at that weakness. How are we gonna

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support that? How is the state's gonna support that? If

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we don't have enough kids that can afford college. Because

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people are wising up, they don't want to go to

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go away anymore. We have to do the things we're doing.

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We got to get back high and paying jobs. We

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got to cut our debt. We need a plan to

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do this. And that's what's going on. It's all about

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saving our children and our grandchildren so they don't have

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to pay the piper when it comes due. And if

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Trump didn't do it, somebody was gonna.

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Have to do it.

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Now. This is what I hope for. I hope that

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we take this base and when whoever comes in after

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Trump or whoever comes in at the midterms, takes the

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stuff that's good and says I like this, I like this,

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I like this, but this is how I would do

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something better and build on it. Because nobody can tell

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me shutting down the board is a bad thing. Nobody

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can tell me getting rid of criminals is a bad thing.

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Nobody can tell me. Bringing down debt is going to

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be a bad thing. Nobody can tell me higher wages

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is a bad thing. Nobody can tell me. Bringing back

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our healthcare and drugs, the essentials that we need to

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live on back to America to be manufactured, our chips,

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our ai, our technology in America. There's nothing wrong with that.

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You might not like the way it's all being done.

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But here's what I keep saying. If I was a

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Democrat right now, if I was a Democrat right now

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and I'm not, I would sit and say, instead of

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bashing Trump and his administration on everything they do and

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calling the smartest man in the world, Eli Musk an

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idiot and dumb, that to me makes me laugh. Okay,

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he literally could put people in space and to save

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people and done stuff and go to Mars. That's not

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an easy thing. The creation of the electric cars and

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the batteries not an easy thing. His mind is so

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much different. But I would be looking at all this

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and saying, as a Democrat or someone that hates Trump,

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I would say, Okay, I like the fact you've done this, this,

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and this. I like the fact that you shut down

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the borders. Thank you. I don't like the fact of

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how you're doing the immigration policy, and I don't like

359
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the fact that we're not doing something about tens of

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millions of people that have been here for years and

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years and years and they're scared and we can use

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them if they're good citizens and put them to work.

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Where is a plan for that? Here's my plan, I

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would say. I would say, this is the system. We

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have to still stay by the laws. I like the

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fact we're getting rid of the illegal immigrants, the criminals

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were getting rid of them, but I want a system

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on how to make sure that they are criminals and

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we don't make a mistake. I love the fact we're

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getting done with debt. I've loved the fact that we're

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getting rid of we're using the dudge system to get

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rid of all the waste and the extra and the fraud.

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But I wouldn't do it this way. This is the

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way I would do it, and here's my plan for

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doing it. If you want to win as a Democrat,

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take what's being done, the ideas that America loves and

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move on. If you want to stay in the world,

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that men should be in women's sports, that we should

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have sanctuary cities, and everybody should be able to live

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their criminals or not. If you want to live in

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the fact that the government pays for everything, if you

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want to live on the fact that we have open borders,

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if that's what you want the world you want to

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live in, you're not going to win. Americas stood up

385
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and said no. If you do not want parents involved

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with young children about their gender and gender changes, you

387
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will lose. But if you go ahead and work on

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the things that we're worried about, which is the safety,

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which is the border, which is our debt, which is

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putting higher paying jobs, which is bringing back the essential

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manufacturing jobs to the United States. And if you don't

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like the way we're doing taris, how would you make

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it so it's even with all these countries that take

394
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advantage of us? And how will you make sure that

395
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everything doesn't go away to waste when we give it away?

396
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When we give hundreds of billions of dollars to Ukraine,

397
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how are we going to follow the money? How are

398
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you going to stop Iran for making a nuclear weapon?

399
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Tell me you have an opportunity to put a real

400
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plan together and not I hate Trump he's a moron,

401
00:23:46.279 --> 00:23:50.440
He's a Nazi. He is going to go ahead and

402
00:23:50.440 --> 00:23:53.119
be a dictator. He wants to run again. He wants

403
00:23:53.160 --> 00:23:55.839
this and that. If you keep doing that, you won't win.

404
00:23:55.920 --> 00:23:59.640
I just gave you the formula for winning. See your plan.

405
00:24:00.079 --> 00:24:03.079
Let's hear your plan. I want to hear your plan.

406
00:24:03.480 --> 00:24:05.480
How are you going to do the things that America

407
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want's done. I want to see how you'll do it.

408
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We got a lot more to talk about. I appreciate

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00:24:10.279 --> 00:24:13.119
you listening. This is the Money Matter Show. This is

410
00:24:13.200 --> 00:24:15.559
Dean Greenberg. If you need some help, and I know

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00:24:15.599 --> 00:24:18.240
you do, give us a call. We'll sit down and

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00:24:18.279 --> 00:24:22.240
do it with you, very very quickly and show you

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00:24:22.519 --> 00:24:25.440
how you can help yourself through the rest of the

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00:24:25.480 --> 00:24:29.240
rest of this and then following years. We'll be right back.

415
00:24:29.880 --> 00:24:32.359
Welcome back, everybody to the Money mat of Show. We

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00:24:32.400 --> 00:24:34.240
have a small crew. Today we got Dave show and

417
00:24:35.079 --> 00:24:38.000
tied Glicka myself for the next hour and a half.

418
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Got all we need, Buddy, that all we need. A

419
00:24:40.359 --> 00:24:41.599
team is in the house, a.

420
00:24:41.519 --> 00:24:43.720
Lot of information to parts through. What of All's a week?

421
00:24:43.759 --> 00:24:47.640
We had? What an incredible week, Unlike anything I can remember.

422
00:24:47.680 --> 00:24:50.160
It's just one of the most violatile weeks in history.

423
00:24:50.240 --> 00:24:54.759
It definitely historic day on Wednesday and historical week throughout from.

424
00:24:54.640 --> 00:24:57.839
High to low on the now four thousand points four

425
00:24:57.920 --> 00:25:01.359
thousand points new fifty two week low is for all

426
00:25:01.440 --> 00:25:05.359
of the indices on Monday and then almost straight up

427
00:25:05.400 --> 00:25:09.559
from straight up from there, Wednesday was exploded higher after

428
00:25:09.599 --> 00:25:11.200
Trump backed off on the tariff thing.

429
00:25:11.319 --> 00:25:13.200
Best day for the S and P, well, third best

430
00:25:13.240 --> 00:25:15.440
day for the S and P since history, well since

431
00:25:15.440 --> 00:25:16.200
World War two.

432
00:25:16.039 --> 00:25:17.480
I think in history of well, of course the S

433
00:25:17.519 --> 00:25:20.079
and P didn't exist before World War II. Yeah, right,

434
00:25:20.240 --> 00:25:21.039
since world War two?

435
00:25:21.160 --> 00:25:23.200
Or do some funny back tests where they're like if

436
00:25:23.240 --> 00:25:25.599
it was a round, you know. But and then the

437
00:25:25.680 --> 00:25:28.160
Nasdaq it wasn't really around before the nineties. It was

438
00:25:28.200 --> 00:25:30.839
the second best day ever for the NASDAK.

439
00:25:30.440 --> 00:25:33.880
And the best since one. Yeah, and what I remember

440
00:25:33.920 --> 00:25:36.759
about oh one was meltdown. I don't remember the best

441
00:25:36.839 --> 00:25:37.799
day ever.

442
00:25:37.519 --> 00:25:40.960
But I think that just speaks to what happens in meltdowns.

443
00:25:41.039 --> 00:25:46.319
You will have enormous rallies. That isn't really the bottom yet,

444
00:25:46.559 --> 00:25:50.160
so not necessarily we're saying this might not be the bottom.

445
00:25:50.240 --> 00:25:53.519
There might be another return lower here and that's why

446
00:25:53.559 --> 00:25:56.160
you can't just go all in and just be pedaled

447
00:25:56.160 --> 00:25:56.839
to the metal here.

448
00:25:57.680 --> 00:25:59.880
The other thing that we I think was was really

449
00:26:01.319 --> 00:26:03.319
we were reminded. We've been saying it on the radio show

450
00:26:03.359 --> 00:26:06.759
for a week. We were really reminded on Wednesday, how

451
00:26:06.799 --> 00:26:09.440
you don't get out, you know, because we've talked about

452
00:26:09.440 --> 00:26:12.240
that over the last thirty years, average return ten percent.

453
00:26:12.319 --> 00:26:15.559
If you missed the ten best days five percent. Well

454
00:26:15.559 --> 00:26:17.160
they got one of the one of the three best

455
00:26:17.240 --> 00:26:18.799
days in history and you missed it.

456
00:26:18.920 --> 00:26:21.319
Yeah, well it depends, though, it depends if you were

457
00:26:21.359 --> 00:26:24.240
lucky and got out over six thousand. That best day

458
00:26:24.279 --> 00:26:26.400
in history that we just had a Wednesday didn't matter

459
00:26:26.440 --> 00:26:29.680
because it's still lower than you were just say, that's

460
00:26:29.680 --> 00:26:32.640
the devil's advocate. The bottom line is the chances are

461
00:26:32.839 --> 00:26:35.160
you're not getting out when we'll make an all time highs.

462
00:26:35.359 --> 00:26:36.880
You're not getting back in at the right time.

463
00:26:37.000 --> 00:26:38.160
You're not getting back in either.

464
00:26:38.319 --> 00:26:40.640
Monday we hit fifty two weeks low, and on Monday

465
00:26:40.680 --> 00:26:42.720
morning I got a call from one of my most

466
00:26:42.759 --> 00:26:45.119
dependable contrary indicators.

467
00:26:44.599 --> 00:26:47.519
Trump saying we should I thought Trump called you, that's

468
00:26:47.559 --> 00:26:48.279
why you bought no.

469
00:26:48.720 --> 00:26:51.480
I told Trump to quit calling I get, but.

470
00:26:51.680 --> 00:26:53.759
Let's let's talk a little bit about this. Okays, A

471
00:26:53.799 --> 00:26:56.240
lot of people you know, I listen, Oh there are

472
00:26:56.279 --> 00:26:58.400
four one K plans. There are four one K plans.

473
00:26:58.440 --> 00:27:00.400
You know. All you hear is on all the news

474
00:27:00.440 --> 00:27:04.240
channels because they want to build up that fear. If

475
00:27:04.279 --> 00:27:07.359
you are working and you've been investing in your form

476
00:27:07.440 --> 00:27:11.319
one K plan, depending what your age is, you better

477
00:27:11.400 --> 00:27:15.480
have that for one K plan matching what your risk

478
00:27:15.519 --> 00:27:18.200
tolerance is so you don't sell out one it's all

479
00:27:18.200 --> 00:27:22.279
the way down. However, if you will have retiredle and

480
00:27:22.359 --> 00:27:25.880
gotten close to retirement and you're just letting it all ride,

481
00:27:26.119 --> 00:27:29.480
that's your fault. That's on you. If you have an

482
00:27:29.519 --> 00:27:34.519
advisor who hasn't set you up in a more conservative approach,

483
00:27:34.559 --> 00:27:37.319
and that's not just saying oh, I'll being better dows

484
00:27:37.400 --> 00:27:41.440
or just diving and paying stocks, that's on him. If

485
00:27:41.480 --> 00:27:44.240
you're going to have to live off money in your

486
00:27:45.279 --> 00:27:50.559
retirement plan, okay, you need to be in something that

487
00:27:50.720 --> 00:27:54.880
is going to give you a five year window that

488
00:27:55.000 --> 00:27:57.039
you can wait for the growth part of your portfolio

489
00:27:57.079 --> 00:27:59.319
to come back while you know the other money is

490
00:27:59.359 --> 00:28:04.000
there every every single year for you. I don't want

491
00:28:04.039 --> 00:28:06.319
to say anything that you know and pap myself on

492
00:28:06.319 --> 00:28:07.880
the back, because I'm not that type of person. But

493
00:28:07.880 --> 00:28:09.559
I'm going to tell you after two thousand and one.

494
00:28:10.160 --> 00:28:12.039
It was in two thousand and four, I was sitting

495
00:28:12.440 --> 00:28:15.240
in a meeting listen to this guy try to talk

496
00:28:15.279 --> 00:28:17.480
to us about all these annuities and cash flow, and

497
00:28:17.519 --> 00:28:19.599
all I said, you know what, I can put together

498
00:28:19.599 --> 00:28:24.240
a thing called a simplan Strategic Income Model. And the

499
00:28:24.279 --> 00:28:27.519
way it basically works, and we do this for people

500
00:28:27.519 --> 00:28:31.640
that have to live off their their retirement money is

501
00:28:31.680 --> 00:28:33.839
you take a one year, two year, three year, four year,

502
00:28:33.920 --> 00:28:37.319
five year bond and ladder it out, which means every

503
00:28:37.400 --> 00:28:40.000
year one of those bonds are come. And do now,

504
00:28:40.079 --> 00:28:41.839
every year when one of those bonds are coming, do

505
00:28:42.039 --> 00:28:45.559
you take enough money from your growth dividends and interest

506
00:28:45.599 --> 00:28:47.960
on the other side and you buy a five year

507
00:28:48.039 --> 00:28:50.640
bond so you always have a five year rolling deal.

508
00:28:51.759 --> 00:28:54.559
The only caveat is if you really four thirty forty

509
00:28:54.599 --> 00:28:57.400
fifty percent, you might not take the money from your

510
00:28:57.400 --> 00:28:59.559
growth part there and do it. You might want to say, hey,

511
00:28:59.559 --> 00:29:01.599
you know what, I'm gonna do a half a bond

512
00:29:01.599 --> 00:29:03.599
this year. I'm gonna wait for this market to come

513
00:29:03.640 --> 00:29:05.559
back up a little bit, then I can buy it again.

514
00:29:05.799 --> 00:29:09.039
There is and that's what that's prudent money management. But

515
00:29:09.119 --> 00:29:11.839
when I'm telling you there's a way to do that

516
00:29:11.960 --> 00:29:14.119
and to be conservative and still be able to make

517
00:29:14.160 --> 00:29:19.599
some upside money without distress just rocking your mind. And

518
00:29:19.799 --> 00:29:23.119
you know what, if you don't have it, then you

519
00:29:23.240 --> 00:29:25.839
better look for a better advisor because you should be

520
00:29:25.920 --> 00:29:29.039
looking at someone that cares about what's going on, not

521
00:29:29.119 --> 00:29:31.279
just how much money you can make. And if you're

522
00:29:31.319 --> 00:29:33.160
that per oh, I can handle the growth and I'm

523
00:29:33.200 --> 00:29:34.720
going to pull this out and I'm going to take

524
00:29:34.759 --> 00:29:37.319
out ten percent. If they're not telling you that you

525
00:29:37.400 --> 00:29:40.559
can't take out seven, eight, nine, ten percent and always

526
00:29:40.559 --> 00:29:44.079
see this go up, then they're not giving you the truth.

527
00:29:44.119 --> 00:29:47.640
And when it comes down, it's devastating. So this is

528
00:29:47.720 --> 00:29:51.079
the time to figure out if you're stressed out. If

529
00:29:51.119 --> 00:29:55.720
you are, then you better take advantage of our free

530
00:29:55.759 --> 00:29:58.400
financial plan. And I'm not selling you that. I couldn't

531
00:29:58.440 --> 00:30:01.079
care less if you said just listening and think it's

532
00:30:01.119 --> 00:30:03.519
a sales job, because if you think that's a sales job,

533
00:30:03.640 --> 00:30:07.200
then don't come in. We've been helping people get through

534
00:30:07.640 --> 00:30:12.160
down markets since nineteen eighty seven. Nineteen eighty seven, the

535
00:30:12.279 --> 00:30:14.279
worst for me was two thousand and one, when I

536
00:30:14.279 --> 00:30:16.559
had to hold people's hands. At least in two thousand

537
00:30:16.559 --> 00:30:20.000
and eight, I already had the simplan in place, and

538
00:30:20.000 --> 00:30:24.079
I'm just telling you how it is. From a business standpoint, Yes,

539
00:30:24.160 --> 00:30:27.599
we make less money were fee based business, but that's

540
00:30:27.599 --> 00:30:29.799
not what I'm looking for. I'm looking to take the

541
00:30:29.880 --> 00:30:35.200
stress off clients that want to deal with us. Ye.

542
00:30:36.160 --> 00:30:37.759
Well, this is really key when you look at the

543
00:30:37.759 --> 00:30:41.480
financial plan, looking at the income gaps that some people

544
00:30:41.559 --> 00:30:44.480
might have, with most people not getting pensions and Social

545
00:30:44.480 --> 00:30:47.559
Security not going to cover all the bills are particularly

546
00:30:47.640 --> 00:30:49.680
what happens most of the time is someone will retire

547
00:30:49.720 --> 00:30:51.720
from sixty two to sixty five and they're not going

548
00:30:51.799 --> 00:30:54.359
to turn on so Security until sixty seven or seventy.

549
00:30:54.599 --> 00:30:57.519
So you have that interrim years where you're pulling out

550
00:30:57.559 --> 00:30:59.920
a larger amounse. You have to be more conservative. That's

551
00:31:00.000 --> 00:31:03.319
where that SIM model can really play well. It can

552
00:31:03.359 --> 00:31:06.279
pay dividends no pun intended, because of the fact that

553
00:31:06.400 --> 00:31:08.799
you're putting a lot of the money away into conservative

554
00:31:09.160 --> 00:31:11.640
accounts that are going to be paying off interest as well.

555
00:31:11.640 --> 00:31:12.240
As dividends.

556
00:31:12.279 --> 00:31:14.279
I like your financial plans because they turn a lot

557
00:31:14.279 --> 00:31:16.720
of gray or is into black and white. It's a

558
00:31:16.759 --> 00:31:19.559
lot of a lot easier to understand. We've been talking about,

559
00:31:19.839 --> 00:31:22.519
you know, this selloff is a manufactured sell off. Is

560
00:31:22.599 --> 00:31:25.799
Donald Trump and his actions that are called have caused

561
00:31:26.000 --> 00:31:29.440
the shell off. And like with any man manufactured sell off,

562
00:31:29.720 --> 00:31:32.319
you can reverse it. And that's on Wednesday.

563
00:31:32.400 --> 00:31:36.720
What we did see is a call, well, the bond

564
00:31:36.759 --> 00:31:38.000
market called Trump.

565
00:31:38.160 --> 00:31:39.759
They did. Yeah, there was a there was a little

566
00:31:39.759 --> 00:31:41.759
bit of a meltdown going on in the bond market,

567
00:31:41.799 --> 00:31:44.160
and that's going to destroy everything he's working towards.

568
00:31:44.200 --> 00:31:46.599
So yeah, for those who always you know, you'll watch

569
00:31:46.680 --> 00:31:48.720
the dow, you'll watch the stock market think, and that's

570
00:31:48.759 --> 00:31:51.359
what really moves markets. But we've talked on the show

571
00:31:51.359 --> 00:31:54.079
many times the bond market is three times at least

572
00:31:54.160 --> 00:31:57.319
the size of the stock market, right, and it is

573
00:31:57.440 --> 00:32:01.240
very impacted by currency moves as well. And so we've

574
00:32:01.279 --> 00:32:04.240
had interesting moves in the dollar lately. That's kind of

575
00:32:04.279 --> 00:32:06.079
been contrary. You would have thought the dollar would have

576
00:32:06.079 --> 00:32:09.160
been a lot more stronger with the tenure. This week

577
00:32:09.279 --> 00:32:11.079
had a historic search. I mean, it was one of

578
00:32:11.079 --> 00:32:13.920
the biggest surges in a week in over a decade.

579
00:32:13.640 --> 00:32:16.440
And you've got lower CPI. Consumer prices came in at

580
00:32:16.440 --> 00:32:18.880
the lowest level in about well, I went, I've been

581
00:32:18.960 --> 00:32:21.359
keeping track of it since we hit nine percent a

582
00:32:21.400 --> 00:32:25.039
couple of years ago, so it's the lowest. The two

583
00:32:25.079 --> 00:32:27.640
point four percent reading was the lowest since I've been

584
00:32:27.720 --> 00:32:29.680
keeping track of it, which is a couple of years.

585
00:32:30.079 --> 00:32:33.640
PPI was actually negative point four percent. You would have

586
00:32:33.720 --> 00:32:36.720
expected in that environment interest rates would have come down,

587
00:32:37.200 --> 00:32:39.680
but like I said, they moved up the strongest they've

588
00:32:39.680 --> 00:32:41.160
moved up in twenty years.

589
00:32:41.319 --> 00:32:43.680
Like you're saying as well, the month over month CPI

590
00:32:43.799 --> 00:32:45.799
showed a negative, but it was a negative point one.

591
00:32:45.799 --> 00:32:48.720
It wasn't that bad, but it's it's definitely showing.

592
00:32:48.640 --> 00:32:51.160
The negative point one the actual number one point four.

593
00:32:51.480 --> 00:32:54.599
Here's the other thing too. If you don't think Trump's

594
00:32:54.599 --> 00:32:56.880
in this to get rid of the debt and just

595
00:32:56.920 --> 00:32:58.480
to go ahead and be able to put out great

596
00:32:58.480 --> 00:33:02.000
headlines that he's doing so great, think about this. He

597
00:33:02.039 --> 00:33:05.039
could have done nothing. Our economy was doing great. He

598
00:33:05.079 --> 00:33:07.359
could have just done a little dog stuff and kept

599
00:33:07.359 --> 00:33:09.519
doing that, and he would have been be able to

600
00:33:09.519 --> 00:33:14.359
tout loot. Look at CPI, Look at PPI numbers. Inflation

601
00:33:14.559 --> 00:33:18.079
is a two point four I'm getting inflation down. Look

602
00:33:18.119 --> 00:33:20.480
at and I told you I'd get energy prices down.

603
00:33:20.839 --> 00:33:23.839
Energy prices are down. Egg prices are down. He could

604
00:33:23.880 --> 00:33:26.960
have been touting that all over. There's a reason he's

605
00:33:27.000 --> 00:33:29.279
doing this. It's not for him to have power. It's

606
00:33:29.319 --> 00:33:31.880
for the damn middle class. He knows if we don't

607
00:33:31.880 --> 00:33:34.279
have a middle class, America is going to be done.

608
00:33:34.720 --> 00:33:36.599
And he's got to do it. That's what he's got

609
00:33:36.640 --> 00:33:38.839
to focus on. And he's got to go ahead and

610
00:33:38.839 --> 00:33:41.000
get us out of debt. Because you know what, Dave,

611
00:33:41.960 --> 00:33:45.160
When we grew up and I said this a little earlier,

612
00:33:46.079 --> 00:33:48.839
my parents, my grandparents, my great grandparents, it was always like,

613
00:33:49.319 --> 00:33:51.440
I want to give my children a better opportunity.

614
00:33:51.519 --> 00:33:52.599
Sure, while we were.

615
00:33:52.599 --> 00:33:56.160
Able to save money, have a home, have a car,

616
00:33:56.599 --> 00:33:59.359
go on vacation, and do all the things as a

617
00:33:59.359 --> 00:34:03.519
family and enjoy it, barbecues. People are so strapped today

618
00:34:04.319 --> 00:34:07.079
on their own they just don't think the government can happen.

619
00:34:07.240 --> 00:34:10.000
So they put their hands out and want the government assistance.

620
00:34:10.679 --> 00:34:14.880
The government assistance will absolutely one go away at some

621
00:34:15.039 --> 00:34:17.239
time in the future if we don't do something. Now

622
00:34:17.880 --> 00:34:20.840
you think you're poor. Now people won't be able to

623
00:34:20.840 --> 00:34:22.920
get the things that they would need. You know, they

624
00:34:22.960 --> 00:34:25.679
talk about, well, there's people are that are not eating

625
00:34:25.719 --> 00:34:27.880
in Africa or eating here and eating there because we're

626
00:34:27.880 --> 00:34:31.639
taking this away. Well they're not talking about people in

627
00:34:31.679 --> 00:34:34.440
America won't be eating because there won't be no money

628
00:34:34.760 --> 00:34:38.840
for food stamps, There'll be no money for these other

629
00:34:38.920 --> 00:34:41.559
programs because we will have to stop giving that out

630
00:34:41.599 --> 00:34:47.559
until it's there. Recognize what's happening, and stop believing that

631
00:34:47.599 --> 00:34:51.440
this is bad. Okay, it is bad for the stock market,

632
00:34:51.639 --> 00:34:53.719
is bad for rich people. It is bad for that.

633
00:34:54.000 --> 00:34:56.119
And stop turning it around and thinking, well he set

634
00:34:56.119 --> 00:34:58.199
this up just so as rich guys can go make money.

635
00:34:58.239 --> 00:35:01.880
They already had money. That's why people don't understand the

636
00:35:01.920 --> 00:35:06.440
mentality of rich people. They already have it. Okay. And

637
00:35:06.440 --> 00:35:10.360
and by the way, I've been doing a survey. When

638
00:35:10.400 --> 00:35:13.320
people bring this up, the money about how many billionaires

639
00:35:13.360 --> 00:35:18.519
there are in the in the country, nobody nobody gets

640
00:35:18.559 --> 00:35:21.800
that right. So right now, while you're listening, if you

641
00:35:21.800 --> 00:35:24.360
don't know how many billionaires are in the country, get

642
00:35:24.360 --> 00:35:28.519
out your phone and ask Siri, go siri. How many

643
00:35:28.559 --> 00:35:31.559
billionaires would it be are in the United States.

644
00:35:31.760 --> 00:35:35.760
You'll be surprised, Yeah, he said, it's a shockingly low number.

645
00:35:36.000 --> 00:35:38.360
There's not a lot of billionaires. People thinks it's tens

646
00:35:38.360 --> 00:35:40.079
of thousands.

647
00:35:42.719 --> 00:35:45.320
That's all real estate people. And until we change the

648
00:35:45.760 --> 00:35:48.480
laws on real estate, we're not going to be able

649
00:35:48.519 --> 00:35:51.920
to change what's happening. That will be right back. This

650
00:35:51.960 --> 00:35:52.920
is the Money Matter Show.

651
00:35:53.639 --> 00:35:55.719
Good job, Welcome back to the Money Matter Show. My

652
00:35:55.800 --> 00:35:57.800
name is Todd Glick. I'm here with Dean Greenberg and

653
00:35:57.920 --> 00:36:00.719
David Sherwood. It was a lot of tariff talk this

654
00:36:00.760 --> 00:36:02.719
week as of coming off of last week, we got

655
00:36:02.760 --> 00:36:05.400
the tariff news of all the countries getting the tariffs

656
00:36:05.440 --> 00:36:07.480
this week. He said on Wednesday that he's lowering the

657
00:36:07.519 --> 00:36:09.840
ceiling down to ten percent for pretty much every country

658
00:36:09.840 --> 00:36:12.920
across the board except for China. To China, he actually

659
00:36:13.079 --> 00:36:15.679
escalated it up to one hundred and twenty five percent tariffs.

660
00:36:15.719 --> 00:36:18.559
Now China also escalated their own. It's kind of a

661
00:36:18.559 --> 00:36:21.000
tip for tap throughout the entire week. That's kind of

662
00:36:21.239 --> 00:36:24.280
the reason for the selloff on Thursday after the historic

663
00:36:24.320 --> 00:36:27.000
surge we had on Wednesday, but again we bounced back

664
00:36:27.039 --> 00:36:29.679
good on Friday and ended with the best week in

665
00:36:29.719 --> 00:36:30.920
the market since twenty three.

666
00:36:31.239 --> 00:36:33.480
Very high shakes game of chicken going on between the

667
00:36:33.599 --> 00:36:36.079
US and China, and China cannot possibly win. I don't

668
00:36:36.119 --> 00:36:38.719
know what they're thinking. We learned during COVID that their

669
00:36:38.800 --> 00:36:42.559
leadership is not that bright and apparently they're showing that again.

670
00:36:43.039 --> 00:36:45.960
Well, what they're hoping for is that they'll be able

671
00:36:46.000 --> 00:36:49.159
to I mean, they said, keep you The people around

672
00:36:49.239 --> 00:36:52.519
the world don't like America. I mean, listen, anyone that's

673
00:36:52.519 --> 00:36:55.960
getting hurt right now doesn't like America, doesn't like Trump

674
00:36:56.280 --> 00:37:00.119
because they don't see the bigger picture. Okay, but at

675
00:37:00.119 --> 00:37:02.360
the end of the day, China is going to be

676
00:37:02.400 --> 00:37:06.000
surprised when the Asian markets and India and everybody else

677
00:37:06.039 --> 00:37:09.840
could be trading partners with US and not China. Now,

678
00:37:09.960 --> 00:37:11.920
China will try to cheat like they do with Mexico

679
00:37:12.239 --> 00:37:15.159
and Vietnam and put their goods through them in order

680
00:37:15.280 --> 00:37:17.320
to go ahead and still be able to sell. But

681
00:37:17.360 --> 00:37:19.880
it won't be as easy and it won't be as good,

682
00:37:20.159 --> 00:37:22.239
and they're going to have problems. They have problems now.

683
00:37:22.280 --> 00:37:24.400
They lie about the economy, they lie about everything.

684
00:37:24.480 --> 00:37:26.440
Oh, you don't have any idea what's going on over there.

685
00:37:26.760 --> 00:37:30.119
But that's communistem They will always protect, the government will

686
00:37:30.119 --> 00:37:32.719
take and do and that's why you got the aliocs

687
00:37:33.159 --> 00:37:33.920
and the poor.

688
00:37:34.239 --> 00:37:36.400
And what what you were talking about earlier is so

689
00:37:36.519 --> 00:37:40.119
key though about the Paris Climate accord, as well as

690
00:37:40.280 --> 00:37:42.320
China being an emerging market and all the things that

691
00:37:42.360 --> 00:37:45.639
they get, benefits that they get as being coded as that.

692
00:37:45.840 --> 00:37:49.079
It's really just set up from these really large like

693
00:37:49.159 --> 00:37:53.840
IMF Global Bank, you know, the WTO these organizations that

694
00:37:53.880 --> 00:37:57.679
are set up to oversee huge regions that pretty much

695
00:37:57.920 --> 00:38:01.880
just limit free trade and put regulations against really America.

696
00:38:02.119 --> 00:38:05.599
It's almost designed to promote a global socialist program that

697
00:38:05.880 --> 00:38:07.960
eventually you can get older one world government.

698
00:38:08.119 --> 00:38:09.360
Think about what the EU is.

699
00:38:10.039 --> 00:38:12.400
Every country had their own government and then they all

700
00:38:12.440 --> 00:38:16.840
came together and look how you're doing under a socialist regime.

701
00:38:17.239 --> 00:38:19.400
And that's how the whole world was trying to take

702
00:38:19.440 --> 00:38:22.039
advantage of us. We were paying everyone else's bills. That's

703
00:38:22.039 --> 00:38:24.400
what socialism means. Someone has to pay those bills. It

704
00:38:24.440 --> 00:38:26.639
was coming from us, and that's why then the whole

705
00:38:26.639 --> 00:38:28.760
world's bad at us because we're going to stop paying

706
00:38:28.760 --> 00:38:30.599
their bills for them we.

707
00:38:30.800 --> 00:38:35.239
Have this coming week. We have a Easter coming up

708
00:38:35.280 --> 00:38:38.559
Solute on Good Friday, the market is closed. Traditionally the

709
00:38:38.599 --> 00:38:41.320
market's been closed for Good Friday. That's just coming Friday.

710
00:38:41.360 --> 00:38:43.960
So next week we got a four trading days. And

711
00:38:44.039 --> 00:38:46.199
in the spirit of the Easter. What do you guys

712
00:38:46.199 --> 00:38:49.760
think the number one selling candy in the United States

713
00:38:49.800 --> 00:38:51.840
is Raese's Pieces. What do you think, Dan?

714
00:38:53.239 --> 00:38:54.119
The Bonnies?

715
00:38:54.159 --> 00:38:56.039
I don't know, No, No, I would have thought it

716
00:38:56.079 --> 00:39:00.280
was probably a Hershey Bar, maybe Snickers, right and anyone young? No,

717
00:39:00.480 --> 00:39:02.920
it's Reces peanut butter cups.

718
00:39:03.000 --> 00:39:04.639
Yeah, it's the it's the eggs.

719
00:39:04.719 --> 00:39:04.920
Yeah.

720
00:39:04.920 --> 00:39:07.360
The weird part about the no, no, not not just

721
00:39:08.280 --> 00:39:11.119
I'm talking about candy and in general, in general and

722
00:39:11.159 --> 00:39:12.360
not just Easter candy.

723
00:39:12.920 --> 00:39:14.239
Is it the chocolate and the peanut butter.

724
00:39:14.599 --> 00:39:17.199
Yeah, yeah, the Recee's peanut butter cups. And and the

725
00:39:17.239 --> 00:39:20.119
weird part about that is is they out sell the

726
00:39:20.159 --> 00:39:22.440
Hershey's chocolate bars two to one.

727
00:39:22.360 --> 00:39:24.440
Because they like the peanut butter with them. That means

728
00:39:24.480 --> 00:39:25.400
like they like the mixture.

729
00:39:25.400 --> 00:39:27.480
That's why if you ever had this, you got to

730
00:39:27.559 --> 00:39:30.039
look for the Reese Pieces. They have animal crackers dipped

731
00:39:30.079 --> 00:39:31.519
in recent pieces of chocolate.

732
00:39:33.159 --> 00:39:36.519
But you brought that man. The other was really delicious.

733
00:39:36.760 --> 00:39:41.559
It was yeah, my wife banks no, she came up.

734
00:39:41.599 --> 00:39:43.000
I don't know if she saw it or came up

735
00:39:43.039 --> 00:39:47.039
with or whatever. She just basically, uh, it's your matza

736
00:39:47.880 --> 00:39:51.800
right with with chocolate and and then I don't know

737
00:39:51.800 --> 00:39:54.039
what else she puts on some caramel or whatever, and

738
00:39:54.199 --> 00:39:55.079
it was very delicious.

739
00:39:55.119 --> 00:39:57.079
Oh my god. I saw him at Beyond Brea. It's like,

740
00:39:57.800 --> 00:40:00.239
I know, there was a whole whole bun. Don't of

741
00:40:00.239 --> 00:40:02.280
it beyond bread. I thought it was maybe a seasonal thing.

742
00:40:02.719 --> 00:40:04.679
No, no, no, she started making it in a few

743
00:40:04.719 --> 00:40:05.280
years ago.

744
00:40:05.400 --> 00:40:07.480
That your wife would make it and that it would

745
00:40:07.559 --> 00:40:09.519
be it beyond bread for the first time. It has

746
00:40:09.559 --> 00:40:11.960
to be it has to be a season some of

747
00:40:12.000 --> 00:40:12.679
some type.

748
00:40:12.840 --> 00:40:14.920
Well, I think, yeah, pass Over it was hey.

749
00:40:15.280 --> 00:40:16.960
Yeah, but we had shlow mos and we never had

750
00:40:16.960 --> 00:40:18.400
it there, so I don't know if we had Mostly

751
00:40:18.519 --> 00:40:19.719
we had a lot of Jewish food there.

752
00:40:20.000 --> 00:40:25.840
Very historic week in Tucson. Last week Friday, the earliest

753
00:40:25.880 --> 00:40:29.079
one hundred degree day in history, beat the old record

754
00:40:29.159 --> 00:40:31.239
by a week. And people say, oh, it's going to

755
00:40:31.280 --> 00:40:33.400
be a really hot summer. I've lived here for fifty

756
00:40:33.440 --> 00:40:37.320
four years. It means nothing. Next week in the eighties,

757
00:40:37.639 --> 00:40:40.119
are you ready for this? Easter weekends Sturday and Sunday

758
00:40:40.159 --> 00:40:45.119
in the seventies. That's nice, pretty nice, pretty nice?

759
00:40:45.239 --> 00:40:45.599
Tell you what?

760
00:40:45.760 --> 00:40:47.800
Had another historic week gold?

761
00:40:48.159 --> 00:40:49.400
Oh my old goodness.

762
00:40:49.440 --> 00:40:53.039
Continues the search and that, honestly, it's it's got to

763
00:40:53.079 --> 00:40:56.440
be some bricks nations. That's there one way to really

764
00:40:57.039 --> 00:40:59.599
fight the dollar. If gold continues to search higher, and

765
00:40:59.599 --> 00:41:03.440
then event if everyone's going to gold, that's obviously a problem.

766
00:41:03.480 --> 00:41:06.880
Thirty two fifty goals up two hundred dollars this week,

767
00:41:07.400 --> 00:41:11.599
two hundred buck. It has recorded twenty one record closing highs,

768
00:41:11.760 --> 00:41:14.000
record closing highs in twenty twenty five.

769
00:41:14.119 --> 00:41:15.639
I can end that twenty one. I can end that.

770
00:41:15.880 --> 00:41:19.760
Just go buy them. I can end that single handedly.

771
00:41:20.119 --> 00:41:22.519
And so everybody'd be nice to me or I'm gonna

772
00:41:22.519 --> 00:41:23.679
go buy some gold, all right.

773
00:41:23.719 --> 00:41:25.760
So let's go back to the mentality of the market.

774
00:41:27.199 --> 00:41:30.599
So I was, I was in the gym this week

775
00:41:31.159 --> 00:41:32.840
and the guy comes up to me and we starts

776
00:41:32.880 --> 00:41:36.840
talking about the markets and and everything and what he's doing.

777
00:41:36.840 --> 00:41:40.840
And he goes, this was this was Wednesday morning. Wednesday, Yeah,

778
00:41:41.079 --> 00:41:44.039
before the twenty percent pop. Remember Wednesday morning started off

779
00:41:44.079 --> 00:41:46.239
quiet and then it just took off.

780
00:41:46.199 --> 00:41:52.440
Right, And no, it was Thursday. It was Thursday. And

781
00:41:52.480 --> 00:41:55.960
what happened was he started talking and he told me

782
00:41:56.000 --> 00:41:59.519
that he that his advisor took him out of the

783
00:41:59.519 --> 00:42:06.119
market completely. Yes, you said, I sold so much? I said, why? Said, well,

784
00:42:06.199 --> 00:42:07.639
she told me it's probably going to go down, and

785
00:42:07.719 --> 00:42:10.679
she was very nervous about the whole thing. I said, yeah,

786
00:42:10.719 --> 00:42:13.039
but you probably were telling her that you were nervous

787
00:42:13.039 --> 00:42:14.519
and you need it out and you didn't want to

788
00:42:14.519 --> 00:42:18.119
see this go down anymore. He says, no, I didn't.

789
00:42:18.880 --> 00:42:21.000
She that was her advice, so I took it. Yeah,

790
00:42:21.000 --> 00:42:23.760
obviously I thought things were going like that way. I said,

791
00:42:23.760 --> 00:42:25.400
But you've been around this so long. Why did you

792
00:42:25.440 --> 00:42:28.360
do it? I said, so? Now how I said, Where

793
00:42:28.360 --> 00:42:31.400
are you going to get back in? I don't know?

794
00:42:32.159 --> 00:42:34.199
I said, because you're not going to get back in

795
00:42:34.320 --> 00:42:37.159
because we've already rallied back up and now you're worrying

796
00:42:37.199 --> 00:42:39.639
about why you're not in, And if you go back

797
00:42:39.639 --> 00:42:41.400
down to forty eight hundred on the S and P,

798
00:42:41.480 --> 00:42:43.320
you won't get in because you think it's lower than

799
00:42:43.360 --> 00:42:45.679
forty four than four thousand and next thing you know,

800
00:42:45.800 --> 00:42:48.079
it'll be back to six thousand and you say, man,

801
00:42:48.119 --> 00:42:50.079
I should have gotten back in at the end of

802
00:42:50.119 --> 00:42:53.480
the day. There's a portfolio you can go into. I

803
00:42:53.519 --> 00:42:57.119
said that will be conservative for you, that we can

804
00:42:57.480 --> 00:43:00.840
limit the downside on you and be able to still

805
00:43:00.840 --> 00:43:05.119
be able to produce a six, seven, eight ten return. Okay,

806
00:43:05.880 --> 00:43:08.599
that's what you need to do. People can't just get out.

807
00:43:08.840 --> 00:43:11.400
There's things you can reduce your risk in so you're

808
00:43:11.400 --> 00:43:12.320
still part of it.

809
00:43:12.719 --> 00:43:16.039
Buy insurance. There are ETFs to allow you to buy

810
00:43:16.079 --> 00:43:18.159
insurance against your portfolio if you want it.

811
00:43:18.239 --> 00:43:22.159
And Calamos. We talked about Calamos. We talked about those

812
00:43:22.159 --> 00:43:25.559
structured products, the way they they're set up, you know

813
00:43:25.760 --> 00:43:31.960
to and it's you know, I understand People look at

814
00:43:31.960 --> 00:43:34.360
things and go I don't understand them. You know, I

815
00:43:34.400 --> 00:43:38.079
get that. Okay, I understand them. It's simple. It's what

816
00:43:38.119 --> 00:43:41.320
we do. You buy the S and P, you buy

817
00:43:41.400 --> 00:43:44.599
puts against it, you sell calls against it. You limit

818
00:43:44.679 --> 00:43:47.760
your downside to basically nothing, and you limit your upside

819
00:43:47.760 --> 00:43:50.639
to eight, nine, ten, eleven percent, depending when you're getting in. Yeah,

820
00:43:50.679 --> 00:43:51.079
that's it.

821
00:43:51.639 --> 00:43:53.719
You're never gonna get You're never gonna get in cheaper

822
00:43:53.719 --> 00:43:55.760
than where you get out. We've talked about this at night.

823
00:43:56.199 --> 00:43:57.840
Now you get out, how are you gonna get in?

824
00:43:57.960 --> 00:44:00.639
You never gonna get it, so look, said me, goes,

825
00:44:00.679 --> 00:44:04.719
you know I don't usually uh really, you know, nobody

826
00:44:04.719 --> 00:44:06.639
really makes me stop and think. You're stopping to make

827
00:44:06.679 --> 00:44:09.320
me think. I said, okay, what are you thinking about?

828
00:44:09.360 --> 00:44:11.559
He's thinking? He says, I'm thinking about giving you a call?

829
00:44:11.920 --> 00:44:14.360
I said, well, you know who I am. Give me

830
00:44:14.400 --> 00:44:16.199
a buzz. I'll be glad to show you. Call you

831
00:44:16.519 --> 00:44:18.360
and I don't care, I said. If you don't want

832
00:44:18.360 --> 00:44:20.280
to deal with me because we've been friend a while,

833
00:44:20.559 --> 00:44:23.719
I said, and deal with her, that's fine, but don't

834
00:44:23.800 --> 00:44:25.320
let a freaking get you out of the market. You

835
00:44:25.320 --> 00:44:27.880
don't even use that money, he goes, I know, isn't

836
00:44:27.880 --> 00:44:28.400
that stupid?

837
00:44:28.920 --> 00:44:31.360
Don't need it, doesn't produce any come, you don't need

838
00:44:31.400 --> 00:44:34.079
it in your life. It's it's it's savings, right.

839
00:44:34.239 --> 00:44:37.119
So structured ETFs, I mean those are very interesting at

840
00:44:37.159 --> 00:44:39.320
these levels because of how much the market sold off,

841
00:44:39.320 --> 00:44:41.320
and when some of these have come out, you're buying

842
00:44:41.360 --> 00:44:45.880
a significant discounts, which means that you have higher protection levels.

843
00:44:45.880 --> 00:44:47.360
I mean Some of these have one hundred and one

844
00:44:47.360 --> 00:44:50.840
percent protection, which means even after expense fees, which is

845
00:44:50.840 --> 00:44:54.719
about eighty basis points, you're guaranteed a point two profit

846
00:44:54.760 --> 00:44:56.239
if the fund works out to do what it says

847
00:44:56.280 --> 00:44:56.760
it's going to do.

848
00:44:56.960 --> 00:44:58.639
Yeah, if they if they say what they're gonna do,

849
00:44:58.679 --> 00:45:01.000
if it, like you say that it's important too, Yeah,

850
00:45:01.079 --> 00:45:03.039
we believe it will. We believe that they've put a

851
00:45:03.079 --> 00:45:05.039
lot of time and effort into building this product.

852
00:45:05.079 --> 00:45:06.440
Don't they don't let us say for sure.

853
00:45:06.840 --> 00:45:09.119
No, I mean they can't. They can't guarantee anything. Hey,

854
00:45:09.159 --> 00:45:12.039
let's talk a little bit about Tesla. I was reading

855
00:45:12.119 --> 00:45:15.400
in the paper about these Tesla protests we're having here

856
00:45:15.440 --> 00:45:19.360
in Tucson, and they're they're being held at Campbell and River. Now,

857
00:45:19.400 --> 00:45:21.480
I don't know if they got kicked off of Oracle

858
00:45:21.519 --> 00:45:24.440
and River. Oracle and River is a way busy intersection

859
00:45:24.559 --> 00:45:27.239
in Cambell and River, and they started at Oracle and

860
00:45:27.360 --> 00:45:29.880
River and that's what the Tesla dealer is, So I'm

861
00:45:29.920 --> 00:45:32.880
not really sure why they weren't there. Maybe they got

862
00:45:33.000 --> 00:45:36.400
pushed out of there and they're not anyway. These these

863
00:45:36.440 --> 00:45:40.039
were started by an elderly couple who are mad at

864
00:45:40.039 --> 00:45:43.840
Trump and took that out on Musk, right, because Trump

865
00:45:43.920 --> 00:45:46.000
is a Musk. Is an easy way to get at

866
00:45:46.079 --> 00:45:49.199
Musk is to hate Tesla's And I was thinking about this.

867
00:45:49.320 --> 00:45:51.400
I was thinking about, Okay, if you're you're mad at

868
00:45:51.400 --> 00:45:53.119
Trump and Musk is a jerk, and this and that,

869
00:45:53.199 --> 00:45:56.960
and I'm thinking, okay, Musk, what is Musk done? Musk

870
00:45:57.039 --> 00:46:01.000
has created five hundred thousand jobs in this country. He's

871
00:46:01.000 --> 00:46:03.960
put more electric cars on the road than all other

872
00:46:04.039 --> 00:46:08.719
manufacturers combined. He's now spending his time and his money

873
00:46:09.159 --> 00:46:12.880
to try to get our ballooning budget under control. And

874
00:46:12.960 --> 00:46:16.599
he rescued astronauts from outer space. Now, why would you

875
00:46:16.639 --> 00:46:18.840
not hate a guy like that? I mean, what, well,

876
00:46:19.440 --> 00:46:23.360
eleven periods are you doing all this with? Twelve? Now twelve?

877
00:46:24.320 --> 00:46:27.679
Maybe even because I remember when he said I just

878
00:46:27.719 --> 00:46:29.639
had another kid and he was holding that. Now you

879
00:46:29.639 --> 00:46:30.599
have a football.

880
00:46:30.239 --> 00:46:34.440
Team, you remember that. That's good. But you know you

881
00:46:34.480 --> 00:46:38.920
think to yourself, seriously, that's you're going to protest.

882
00:46:39.440 --> 00:46:42.039
I want to put this guy out of big It's

883
00:46:42.079 --> 00:46:44.760
just like I said before, I'm so tired of looking

884
00:46:44.800 --> 00:46:48.480
at both sides. Everything they do is wrong, and everything

885
00:46:48.480 --> 00:46:50.719
the other team is doing wrong. How about seeing what

886
00:46:50.760 --> 00:46:55.079
they do is right and build on it, build on it.

887
00:46:55.519 --> 00:47:00.400
There's nothing wrong with the concepts that we're doing right now. Okay,

888
00:47:00.400 --> 00:47:04.519
we're closing the borders, getting rid of criminals, trying to

889
00:47:04.599 --> 00:47:07.880
reduce our debt, getting rid of waste and uh fraud

890
00:47:08.239 --> 00:47:12.199
and overspending in the government. There's nothing wrong with any

891
00:47:12.239 --> 00:47:14.519
of that stuff. If you don't like the way we're

892
00:47:14.559 --> 00:47:17.000
doing it, I keep saying, give me the plan, Democrat.

893
00:47:17.280 --> 00:47:20.800
You have a chance right now to start talking about

894
00:47:20.840 --> 00:47:23.880
your plan if they were able to vote for you. Yep,

895
00:47:23.920 --> 00:47:26.119
that's what I would do. I would win just talking

896
00:47:26.159 --> 00:47:27.920
about this is good, this is good, but this is

897
00:47:27.920 --> 00:47:28.679
how I would do it.

898
00:47:29.000 --> 00:47:31.159
Guys, that's so much great for this country. And this

899
00:47:31.280 --> 00:47:32.199
is the way you hear them.

900
00:47:32.639 --> 00:47:34.239
All Right, We'll be right back. This is the Money

901
00:47:34.239 --> 00:47:36.960
By the Show. Appreciate you listening. If you need help,

902
00:47:37.000 --> 00:47:39.719
call us. Otherwise just listen. We'll be right back.

903
00:47:40.679 --> 00:47:43.159
Welcome back to the Money Matter Show. This is Dave Show.

904
00:47:43.159 --> 00:47:45.039
What I'm here with Dean Greenberg. I'm here with Todd

905
00:47:45.079 --> 00:47:47.920
good Junior. We've got a pretty special segment coming up.

906
00:47:48.239 --> 00:47:50.800
After this segment, Todd, do you want to give us

907
00:47:50.800 --> 00:47:51.480
a little highlight.

908
00:47:51.599 --> 00:47:54.599
Yeah, we went up to Phoenix and recorded our TV shows,

909
00:47:54.639 --> 00:47:57.400
all six new ones, and they'll be starting to come

910
00:47:57.400 --> 00:48:01.440
out this week on NBC. You can see that on

911
00:48:02.280 --> 00:48:04.920
eight AM. I believe that was right after Meet the

912
00:48:04.920 --> 00:48:08.239
Press whenever that airs, and then after the ten pm news,

913
00:48:08.519 --> 00:48:11.639
so we have two chances to see our TV shows.

914
00:48:11.679 --> 00:48:14.039
This week will be the one that Dean talks about

915
00:48:14.039 --> 00:48:17.079
tariffs and Trump's and his economic outlook and all that

916
00:48:17.280 --> 00:48:19.960
good stuff. And we actually took the audio recording of

917
00:48:20.000 --> 00:48:22.719
that TV show and put it for the next half hour.

918
00:48:23.039 --> 00:48:25.639
So we'll finish this half hour me and you Dave,

919
00:48:25.679 --> 00:48:28.840
and then you'll you'll be able to listen to Sarah

920
00:48:28.880 --> 00:48:33.199
and Dean talk about kind of the tariffs that we've been.

921
00:48:34.519 --> 00:48:37.840
It's nice dominated the headlines and Dean's got some good

922
00:48:37.840 --> 00:48:41.719
insight on that and ask some good questions. And it

923
00:48:41.800 --> 00:48:44.239
wasn't our intent to put that as part of the show,

924
00:48:44.559 --> 00:48:47.159
but it came off so beautifully that we thought, let's

925
00:48:47.280 --> 00:48:50.719
let's let's get that out there. Yeah, absolutely, it makes

926
00:48:50.760 --> 00:48:51.559
a lot of sense to people.

927
00:48:51.599 --> 00:48:53.719
You can always check out our YouTube page where we

928
00:48:53.800 --> 00:48:56.719
have all the TV shows. We'll post them the new ones.

929
00:48:57.119 --> 00:49:00.559
If you can't catch them on the TV on that station,

930
00:49:00.599 --> 00:49:02.920
you can go onto YouTube. We have our weekly market updates.

931
00:49:03.400 --> 00:49:06.880
The podcast I hope is getting posted correctly now if

932
00:49:06.760 --> 00:49:08.119
if there's any issues, let us.

933
00:49:08.000 --> 00:49:10.159
Know its country thunder. So who knows what's going on

934
00:49:10.159 --> 00:49:10.880
at KNSG.

935
00:49:11.159 --> 00:49:14.159
Team might not be working the same way this week,

936
00:49:14.199 --> 00:49:17.119
but we hope so this week the market, since it

937
00:49:17.199 --> 00:49:19.239
is the first the second hour we'll run through. The

938
00:49:19.320 --> 00:49:21.239
Dow was up five percent on the week, The SMP

939
00:49:21.400 --> 00:49:23.960
was up five point seven. The Nasdaq led the way

940
00:49:24.039 --> 00:49:26.280
higher at seven point three percent, The Rust of two

941
00:49:26.280 --> 00:49:28.639
thousand was up one point eight, and the equated was

942
00:49:28.719 --> 00:49:30.800
up three point one. That is something to know. Obviously

943
00:49:30.840 --> 00:49:33.119
a big diversions between the S and P five hundred

944
00:49:33.159 --> 00:49:37.159
ups five point seven, equated up three point one. Noting

945
00:49:37.199 --> 00:49:42.039
that largely this was driven by the top ten companies

946
00:49:42.079 --> 00:49:43.559
really just the mag seven and.

947
00:49:43.480 --> 00:49:45.760
It was one of the most volatile weeks in history.

948
00:49:45.800 --> 00:49:48.199
I mentioned earlier, from the high on the Dow to

949
00:49:48.280 --> 00:49:50.039
the low on the Dow, and we don't watch the Dow,

950
00:49:50.119 --> 00:49:52.880
but it's a good representation of this past week. Four

951
00:49:52.880 --> 00:49:57.639
thousand points. Last week we hit new fifty two week

952
00:49:57.719 --> 00:50:00.840
lows for all of the major industy. He's on Monday,

953
00:50:01.239 --> 00:50:02.840
and by the end of the week the S and

954
00:50:02.840 --> 00:50:06.480
P five hundred was ten point nine percent above that level.

955
00:50:06.920 --> 00:50:12.079
So if you're feeling uncomfortable for whatever reason of the

956
00:50:12.199 --> 00:50:15.719
volatility's bothering you, you need to feel like you want

957
00:50:15.719 --> 00:50:19.280
to revisit your risk profile, please give us a call.

958
00:50:19.280 --> 00:50:21.639
We're happy to do that is free of charge. We're

959
00:50:21.679 --> 00:50:23.679
happy to go over a financial plan with you. We're

960
00:50:23.719 --> 00:50:27.440
happy to look at your portfolio via our risk profile

961
00:50:27.519 --> 00:50:30.320
tool and tell you what level of risk you have

962
00:50:30.440 --> 00:50:33.960
in your portfolio. Very helpful for a lot. I bet

963
00:50:34.039 --> 00:50:36.639
you has a young man todd. You probably still eat

964
00:50:37.199 --> 00:50:38.639
Craft macaroni cheese.

965
00:50:38.760 --> 00:50:39.320
No I don't.

966
00:50:39.440 --> 00:50:40.840
You don't, but you have in your life.

967
00:50:40.880 --> 00:50:42.159
I have in my life.

968
00:50:42.599 --> 00:50:45.960
I was watching a show the other day and Craft

969
00:50:46.079 --> 00:50:48.599
came up with this macaroni and cheese in the box

970
00:50:48.960 --> 00:50:53.679
in nineteen thirty seven. Nineteen thirty seven. Here we are

971
00:50:53.960 --> 00:50:57.880
ninety years later, eighty seven years later or whatever. They

972
00:50:57.960 --> 00:51:03.000
still sell one million boxes a day. Yeah, one million

973
00:51:03.159 --> 00:51:07.440
boxes every day of mac and cheese. That's a lot

974
00:51:07.519 --> 00:51:09.960
of darn mac and cheese, isn't it. Yes, one of

975
00:51:09.960 --> 00:51:12.599
the most widely followed stocks. One that we watch talk

976
00:51:12.639 --> 00:51:17.039
about a lot is Apple. Apple has really taken paid

977
00:51:17.039 --> 00:51:22.079
the price for these tariffs. But interestingly, on Friday, with

978
00:51:22.280 --> 00:51:26.159
the Chinese tariff going from what eighty four to one

979
00:51:26.239 --> 00:51:29.159
hundred and twenty four something like that percent, and in

980
00:51:29.280 --> 00:51:31.960
the US up and out of one forty five or

981
00:51:32.000 --> 00:51:34.960
the essentially a trade in Bargo is what you've got

982
00:51:35.000 --> 00:51:37.360
with one hundred and forty five percent tariff, You've got

983
00:51:37.400 --> 00:51:40.480
a trade and bargo. Apple gets a lot.

984
00:51:40.360 --> 00:51:42.679
Of explain what embargo means for people who might not know.

985
00:51:43.360 --> 00:51:45.880
It's the prices to the point where you just are

986
00:51:45.920 --> 00:51:48.440
you're not going to export anything. Nothing's going to come

987
00:51:48.440 --> 00:51:51.360
from China. And you've seen that in some of the

988
00:51:51.400 --> 00:51:55.559
housing stocks. You've seen it. It's just impact so many companies.

989
00:51:55.639 --> 00:51:59.760
And we've moved a lot of our manufacturing from China

990
00:51:59.800 --> 00:52:03.239
to Vietnam, and I know that Trump would like a

991
00:52:03.239 --> 00:52:05.039
lot of that to come back to the United States,

992
00:52:05.079 --> 00:52:08.000
which would seemingly be wonderful on paper. It would mean

993
00:52:08.079 --> 00:52:13.320
higher prices certainly, you know, because you can labor there

994
00:52:13.400 --> 00:52:17.079
is quite a bit cheaper. But Apple and China, Apple

995
00:52:17.199 --> 00:52:20.880
still deeply embedded in China, not only selling to the

996
00:52:20.960 --> 00:52:24.400
Chinese and paying essentially one hundred and twenty five percent

997
00:52:24.519 --> 00:52:28.119
tariff going in, but then getting your components out of

998
00:52:28.199 --> 00:52:31.000
China paying one hundred and forty five percent. So you

999
00:52:31.039 --> 00:52:32.840
look at Apple and you go, oh, I understand why

1000
00:52:32.840 --> 00:52:35.079
that's down. I mean, this is this is a nightmare

1001
00:52:35.119 --> 00:52:39.880
for Tim Cook. And with that said, Apple had a

1002
00:52:39.880 --> 00:52:42.800
pretty good week last week, and it had a pretty

1003
00:52:42.800 --> 00:52:45.440
good day on Friday, even though the tariffs went higher.

1004
00:52:45.920 --> 00:52:49.239
It's approaching two hundred dollars to share again. And it

1005
00:52:49.280 --> 00:52:54.199
made me wonder if there might be something. I remember,

1006
00:52:54.239 --> 00:52:57.480
Tim Cook was at the White House probably a week

1007
00:52:57.559 --> 00:53:01.400
or ten days before this broke. You think maybe Kim

1008
00:53:01.480 --> 00:53:05.400
knew this was coming potentially, And and the thing that

1009
00:53:05.559 --> 00:53:09.400
struck me Friday, as I was watching the performance of

1010
00:53:09.400 --> 00:53:14.480
Apple stock, which was awfully darn good, is is there

1011
00:53:14.519 --> 00:53:17.719
a possibility that Trump is going to carve out a

1012
00:53:17.840 --> 00:53:21.519
niche for them where they will they'll not be subject

1013
00:53:21.559 --> 00:53:22.920
to the tariffs. Yeah.

1014
00:53:22.960 --> 00:53:26.920
I think with potentially some of these stargate companies, the

1015
00:53:26.960 --> 00:53:31.440
companies that injected hundreds of billions of dollars. Wherever that money.

1016
00:53:31.159 --> 00:53:33.400
Went, I don't know where, I don't know.

1017
00:53:33.639 --> 00:53:36.840
Yeah, that seems to give those companies maybe a leg

1018
00:53:36.920 --> 00:53:39.159
up on it on these tariffs. If there is to

1019
00:53:39.199 --> 00:53:43.119
be deals to be done on company specific levels, certainly

1020
00:53:43.280 --> 00:53:45.320
Apple is part of that stargate. I mean, I think

1021
00:53:45.320 --> 00:53:47.840
there's a video we know as part of stargate, So

1022
00:53:47.880 --> 00:53:51.880
maybe any chip sent from them won't be subject to them.

1023
00:53:51.920 --> 00:53:54.280
You know, maybe Apple phones aren't subject, so that is

1024
00:53:54.480 --> 00:53:57.679
a potential. But yeah, I mean, there's no no rumors

1025
00:53:57.719 --> 00:53:59.800
about it just yet that I've been hearing.

1026
00:54:00.199 --> 00:54:03.639
And this is why you. First of all, every market

1027
00:54:03.719 --> 00:54:05.960
decline in history, and I say this until I make

1028
00:54:06.039 --> 00:54:09.000
your hairt I'm sure every market declining in history has

1029
00:54:09.000 --> 00:54:12.039
been an opportunity to buy. Some of them have been

1030
00:54:12.159 --> 00:54:15.159
better opportunities than others. But when you see a market

1031
00:54:15.199 --> 00:54:17.280
down twenty percent, which is where we were on Monday.

1032
00:54:17.280 --> 00:54:20.199
The S and P was down over twenty percent, that's

1033
00:54:20.239 --> 00:54:23.519
an opportunity to You've got to buy something. You can't

1034
00:54:23.559 --> 00:54:26.840
have the market go down twenty percent and not buy something.

1035
00:54:27.400 --> 00:54:31.119
Right on the other side of that is, let's just

1036
00:54:31.280 --> 00:54:35.239
assume Monday morning, we come in and Trump has decided

1037
00:54:35.320 --> 00:54:38.119
that he wants to sit down with China right now

1038
00:54:38.599 --> 00:54:40.760
at the playing game of chicken right, and they don't

1039
00:54:40.760 --> 00:54:42.159
want to be first. We don't want to be first.

1040
00:54:42.159 --> 00:54:44.800
Whoever is first gets has the upper hand, blah blah blah,

1041
00:54:44.840 --> 00:54:47.400
you know, or has the whoever second has the upper hand.

1042
00:54:47.840 --> 00:54:51.400
They're waiting, waiting, waiting, waiting each other out. But China

1043
00:54:51.480 --> 00:54:54.360
is going to be out of business if these teriffs

1044
00:54:54.400 --> 00:54:57.440
continue to hold. The US will be damaged, but not

1045
00:54:57.599 --> 00:55:00.320
anywhere to the extent of China. But what if Trump

1046
00:55:00.320 --> 00:55:03.559
comes in Monday morning and said, we talked with Beijing

1047
00:55:03.599 --> 00:55:06.079
over the weekend and we're going to get together in

1048
00:55:06.159 --> 00:55:08.519
Vienna and hammer out a trade deal. What do you

1049
00:55:08.559 --> 00:55:09.519
think the market does.

1050
00:55:09.760 --> 00:55:11.639
Well, the market would obviously explode.

1051
00:55:11.320 --> 00:55:14.840
Explode higher, and you're in cash, or you've gotten more defensive.

1052
00:55:16.000 --> 00:55:19.960
Try as best you can to fight the urge to

1053
00:55:20.119 --> 00:55:24.320
get more defensive when the market's down and to get

1054
00:55:24.360 --> 00:55:28.039
more offensive when the market's up. It's the absolute opposite

1055
00:55:28.079 --> 00:55:30.639
of that. And I think that probably the best way

1056
00:55:31.480 --> 00:55:35.199
to do this is I had a client of ours,

1057
00:55:35.199 --> 00:55:38.000
and this is the true story. Her neighbor was so

1058
00:55:38.119 --> 00:55:41.239
stressed about what's going on in the world that she

1059
00:55:41.320 --> 00:55:43.920
went to see her doctor. She was physically ill, and

1060
00:55:43.960 --> 00:55:46.480
the doctor examined her and then brought out his prescription

1061
00:55:46.840 --> 00:55:50.840
pad and wrote down, turn off TV. I think that's

1062
00:55:51.000 --> 00:55:56.079
really really good medical advice is to turn off the TV. Yeah.

1063
00:55:56.159 --> 00:55:58.119
I mean the volatility was huge this week, and we

1064
00:55:58.119 --> 00:56:01.360
live in a world that is gonna be increasingly volatile,

1065
00:56:01.400 --> 00:56:05.239
especially the markets, because we have more leverage products. There

1066
00:56:05.360 --> 00:56:09.920
is more increasingly use of options that's a derivative product.

1067
00:56:09.920 --> 00:56:13.679
Any derivative is something that is not just a basic stock,

1068
00:56:13.719 --> 00:56:17.280
it's derived from that stock price and adds volatility a

1069
00:56:17.440 --> 00:56:21.360
future market options and then what we have now called

1070
00:56:21.480 --> 00:56:23.800
zero dated options, which we don't need to go into.

1071
00:56:23.880 --> 00:56:26.199
It's basically just flipping a coin and trying to bet,

1072
00:56:26.480 --> 00:56:29.320
and it increases volatility. And that's why we have some

1073
00:56:29.360 --> 00:56:32.519
of these huge one day moves. They're most likely not

1074
00:56:32.519 --> 00:56:35.239
going to get smaller. These moves are going to get

1075
00:56:35.239 --> 00:56:37.280
bigger and bigger as the years go on because of

1076
00:56:37.320 --> 00:56:40.400
the increased use of these leverage products. On top of that,

1077
00:56:40.480 --> 00:56:42.880
we live in a social media world now. In twenty

1078
00:56:42.960 --> 00:56:45.079
years ago, a president couldn't just tweet something and have

1079
00:56:45.079 --> 00:56:46.840
the market go up ten percent. You would have had

1080
00:56:46.880 --> 00:56:48.719
to do a whole press release, right There'd be a

1081
00:56:48.719 --> 00:56:52.039
whole press conference, there would be very formal. Literally a

1082
00:56:52.599 --> 00:56:55.280
true social tweet is why the market went up ten

1083
00:56:55.320 --> 00:56:59.639
percent in under a couple hours. So the ability to

1084
00:57:00.199 --> 00:57:04.719
the market is increasingly impossible. And also trying to mitigate

1085
00:57:04.840 --> 00:57:08.519
risk by just using the spy and a bond etf

1086
00:57:08.679 --> 00:57:11.800
in a leverage product world, it's gonna make you very

1087
00:57:11.840 --> 00:57:14.440
scared at times to see those fluctuations. Another thing we

1088
00:57:14.480 --> 00:57:16.719
want to talk about, because Dean talked about four one ks.

1089
00:57:17.239 --> 00:57:20.239
When your four one K keeps growing, say it was

1090
00:57:20.239 --> 00:57:23.320
two hundred thousand and twenty twenty two market drop, now

1091
00:57:23.360 --> 00:57:25.440
it's around three hundred and fifty because we've had good

1092
00:57:25.480 --> 00:57:28.159
twenty three, good twenty four, and now that three point

1093
00:57:28.159 --> 00:57:32.079
fifty drops to two seventy five right, seventy five thousand

1094
00:57:32.079 --> 00:57:35.440
dollars loss. That was a couple of years ago, almost

1095
00:57:35.519 --> 00:57:38.920
fifty percent of your portfolio. But it's not anymore. Okay,

1096
00:57:39.000 --> 00:57:43.079
So the dollar fluctuations are gonna get increasingly bigger the

1097
00:57:43.079 --> 00:57:45.840
bigger your account gets. So the bigger your account gets,

1098
00:57:45.880 --> 00:57:48.599
if you start calling us and saying I lost thirty

1099
00:57:48.639 --> 00:57:51.519
thousand dollars, I say, okay, what's your percentage loss? Yeah,

1100
00:57:51.880 --> 00:57:55.639
that's what matters. So that's what I always tell a

1101
00:57:55.639 --> 00:57:57.039
client when they call me up and say, hey, I

1102
00:57:57.079 --> 00:57:59.760
lost X amount of dollars if it's in a dollar value,

1103
00:58:00.119 --> 00:58:02.320
looking at it wrong in my opinion.

1104
00:58:02.400 --> 00:58:04.079
Well, in two thousand and eight the S and P

1105
00:58:04.159 --> 00:58:07.400
bottom that's six sixty sixth right, So ten percent moved

1106
00:58:07.440 --> 00:58:10.559
there would be sixty six points. At six to ten

1107
00:58:10.760 --> 00:58:14.519
percent move is six hundred points, ten times as much.

1108
00:58:15.400 --> 00:58:18.880
You're absolutely right, it's all about percentages. But just try

1109
00:58:18.920 --> 00:58:22.199
to one of the things that I saw an article

1110
00:58:22.559 --> 00:58:25.079
several years ago that the primary thing and money manager

1111
00:58:25.159 --> 00:58:29.320
brings to the table is taking emotion out of the formula.

1112
00:58:29.440 --> 00:58:32.559
And that taking emotion out of the formula is actually

1113
00:58:32.719 --> 00:58:35.280
a study that Vanguard did and they found that it

1114
00:58:35.320 --> 00:58:38.280
brings about two to three percent to the average investor,

1115
00:58:38.440 --> 00:58:41.519
more than if the investor did it by themselves because

1116
00:58:41.559 --> 00:58:44.840
of the fact that most people can't manage their own emotions.

1117
00:58:45.280 --> 00:58:48.119
Yeah, and it's very difficult. I get that. I get that.

1118
00:58:48.159 --> 00:58:51.159
But the call on a Monday morning from my contrary indicator,

1119
00:58:51.199 --> 00:58:54.199
should we go to cash? And you know I talked

1120
00:58:54.199 --> 00:58:56.079
to him off that ledge. He did not go to cash.

1121
00:58:56.079 --> 00:58:58.719
He didn't sell a single thing he didn't even buy

1122
00:58:58.840 --> 00:59:00.960
inverse fund, which I offer for him as a as

1123
00:59:01.039 --> 00:59:03.480
kind of a handholding thing. Is, why don't we put

1124
00:59:03.559 --> 00:59:06.119
ten percent in the inverse fund? He goes, well, you

1125
00:59:06.119 --> 00:59:08.519
think that'll work. I said, no, you lose money on it,

1126
00:59:08.639 --> 00:59:10.440
because the market's going to go back up and you're

1127
00:59:10.440 --> 00:59:12.239
going to lose money on the insurance. Well, then just

1128
00:59:12.280 --> 00:59:14.840
don't do it. And I haven't heard from him. He

1129
00:59:14.880 --> 00:59:18.039
didn't call me on Wednesday and say thank you. But

1130
00:59:18.079 --> 00:59:20.000
then we don't do this for thank you. Yeah, we

1131
00:59:20.039 --> 00:59:20.880
do this to help people.

1132
00:59:21.079 --> 00:59:24.039
Fashion had a very similar call from a good client

1133
00:59:24.079 --> 00:59:26.679
of his that he was wanting to get out of

1134
00:59:26.719 --> 00:59:28.679
the market completely, and he had to talk him off

1135
00:59:28.719 --> 00:59:31.119
the ledge and say, we're just not going to take

1136
00:59:31.159 --> 00:59:33.159
you out. We're not going to sell your entire account here.

1137
00:59:33.280 --> 00:59:35.679
It's just such a relief when the market's going down

1138
00:59:35.760 --> 00:59:38.599
to end it. But then, like Dean said, you're never

1139
00:59:38.639 --> 00:59:41.960
going to get back in. Actually, what I've seen in

1140
00:59:42.000 --> 00:59:45.360
my fifty years of doing this is you always you

1141
00:59:45.400 --> 00:59:46.760
always get back into a higher price.

1142
00:59:46.800 --> 00:59:46.920
Well.

1143
00:59:46.960 --> 00:59:49.880
It's also funny because the same client three months ago saying,

1144
00:59:49.920 --> 00:59:51.119
why are we not more aggressive?

1145
00:59:51.480 --> 00:59:53.559
Yep, you know everyone.

1146
00:59:53.239 --> 00:59:55.800
Wants it both sides, but ultimately that's why we do

1147
00:59:55.840 --> 00:59:59.400
a financial plan because what matters is your goals and objectives,

1148
00:59:59.480 --> 01:00:01.559
not the retur hen not the dollar value. That's not

1149
01:00:01.559 --> 01:00:03.719
going to bring you happiness. The happiness, the peace of

1150
01:00:03.719 --> 01:00:06.119
mind that you're looking for is understand that you're able

1151
01:00:06.119 --> 01:00:08.239
to do what you want to do on your own terms,

1152
01:00:08.960 --> 01:00:11.960
and the market doesn't change that, and especially doesn't change

1153
01:00:12.000 --> 01:00:14.400
that if we had a plan showing that, even if

1154
01:00:14.400 --> 01:00:17.519
the market does what it is doing now, it doesn't

1155
01:00:17.559 --> 01:00:20.599
impact And that's why that Monte Carlo simulation brings people

1156
01:00:20.599 --> 01:00:22.800
so much peace of mind because it shows them how

1157
01:00:22.880 --> 01:00:25.480
much more the money they could spend potentially or if

1158
01:00:25.480 --> 01:00:27.639
they're right where they need to be or it can't

1159
01:00:27.679 --> 01:00:30.280
spend anymore. It shows them what's the max draw them

1160
01:00:30.559 --> 01:00:33.119
they can have, and then we structure the portfolio off

1161
01:00:33.159 --> 01:00:36.000
of that to make sure it can never achieve a

1162
01:00:36.039 --> 01:00:38.280
loss that big because of the risk profile of how

1163
01:00:38.320 --> 01:00:42.679
we create the portfolio. So how we money manage goes

1164
01:00:42.719 --> 01:00:45.400
hand in hand with how we plan for the for

1165
01:00:45.559 --> 01:00:49.480
the financial world of someone, So it's both both.

1166
01:00:49.519 --> 01:00:51.880
You know, when the market city new lows, you need

1167
01:00:51.920 --> 01:00:53.679
to be a buyer. When the market City knew higher.

1168
01:00:53.760 --> 01:00:55.639
You need to be a seller. It's that simple. I

1169
01:00:55.679 --> 01:00:57.519
don't mean to sell everything. By everything, I'm telling you

1170
01:00:57.559 --> 01:01:00.679
to buy it, But you think about this market has

1171
01:01:00.760 --> 01:01:03.639
now the S and P five hundred has now bounced

1172
01:01:03.679 --> 01:01:07.280
eleven percent off of the low hit just five days ago,

1173
01:01:07.960 --> 01:01:11.679
if during this down period, and thirteen percent off of

1174
01:01:11.760 --> 01:01:16.239
the all time high which was hit about six weeks ago. Right,

1175
01:01:16.760 --> 01:01:22.320
if you're getting a twenty percent off sale and you're

1176
01:01:22.360 --> 01:01:25.000
not buying something, you're going to look back and go

1177
01:01:25.440 --> 01:01:27.519
I should have done that. I had a couple of

1178
01:01:27.559 --> 01:01:31.559
interesting stocks that seemed odd to me this week. CarMax.

1179
01:01:32.039 --> 01:01:35.119
We've been talking a lot about the tariffs raising the

1180
01:01:35.159 --> 01:01:39.760
price of new cars and how the used car dealers

1181
01:01:40.239 --> 01:01:44.000
ought to do really, really well in this environment. Carmas

1182
01:01:44.119 --> 01:01:49.400
came out with their first quarter earnings and the stock

1183
01:01:49.480 --> 01:01:53.320
had moved had moved up probably fifteen percent over the

1184
01:01:53.440 --> 01:01:55.719
last couple of weeks on that you know, used car

1185
01:01:55.800 --> 01:01:57.920
deal Then they came out with first quarter earnings. Now,

1186
01:01:58.320 --> 01:02:01.719
first quarter earnings ended March already. First, this whole tariff

1187
01:02:01.760 --> 01:02:07.280
tantrum thing didn't start until April, so the earnings that

1188
01:02:07.400 --> 01:02:11.039
the benefit that they're going to see from more and

1189
01:02:11.119 --> 01:02:14.920
more buyers because of the high tariffs wasn't even included,

1190
01:02:15.599 --> 01:02:18.320
and the first quarter came in a few pennies Bowl estimates.

1191
01:02:18.440 --> 01:02:23.480
Stock goes down twenty percent. I'm thinking, wasn't aren't we

1192
01:02:23.480 --> 01:02:25.920
talking about the future here, not the past, because those

1193
01:02:25.920 --> 01:02:30.239
earnings are the past. So if you believe that used

1194
01:02:30.239 --> 01:02:33.639
car dealers are really going to kick it going forward,

1195
01:02:33.960 --> 01:02:35.960
you got a heck of an opportunity with Carmack.

1196
01:02:36.159 --> 01:02:37.880
Yeah, that's quite a big of a sell off there.

1197
01:02:37.920 --> 01:02:40.280
It seemed like it just the wrong direction.

1198
01:02:40.480 --> 01:02:44.920
Frankly, something I noticed is Bitcoin stayed pretty much flat

1199
01:02:45.000 --> 01:02:48.440
on the week, sold off during the weekend leading into Monday.

1200
01:02:48.599 --> 01:02:51.679
Kind of was the prelude of what's what we're going

1201
01:02:51.760 --> 01:02:53.920
to see on Monday, which was the low, and then

1202
01:02:53.960 --> 01:02:57.320
it traded higher and it's flat on the week. Friday

1203
01:02:57.400 --> 01:02:59.840
had a big update, was at five percent eighty three thousand,

1204
01:03:00.039 --> 01:03:03.800
six hundred. Now, I do think risk assets as a whole,

1205
01:03:04.199 --> 01:03:07.800
with the monetary flows, quarter four was bad. Quarter one

1206
01:03:07.960 --> 01:03:09.480
got a little bit better. We had a little bit

1207
01:03:09.480 --> 01:03:12.320
of a weeker dollar things like this could help spark

1208
01:03:12.480 --> 01:03:15.639
that rally for some of these risk assets, but ultimately

1209
01:03:16.119 --> 01:03:19.960
I don't think the party last anywhere past this summer

1210
01:03:20.400 --> 01:03:24.440
because this expect it all depends on rates, in my opinion,

1211
01:03:24.599 --> 01:03:27.239
because we have this big rolling of debt that's going

1212
01:03:27.320 --> 01:03:30.079
to happen in twenty six and even bigger in twenty seven.

1213
01:03:30.599 --> 01:03:32.719
If we have the tenure still at four or five

1214
01:03:33.039 --> 01:03:36.599
come into twenty six, there's gonna be some big monetary pressures.

1215
01:03:37.639 --> 01:03:39.320
Yeah, a lot of these bonds are at one.

1216
01:03:39.239 --> 01:03:42.639
Percent, right, could you imagine going from one to four

1217
01:03:43.119 --> 01:03:45.519
that you think debt servicing is high? Now, yeah, it's

1218
01:03:45.559 --> 01:03:47.559
already bigger than defense budget. But what happens when you

1219
01:03:47.599 --> 01:03:48.760
have to roll that over to force.

1220
01:03:49.039 --> 01:03:51.360
I remember during Trump's first term he was talking about

1221
01:03:51.400 --> 01:03:53.719
issuing a forty year bond and a fifty year bond.

1222
01:03:55.239 --> 01:03:57.360
I wish they could have gotten that done. That wouldn't

1223
01:03:57.360 --> 01:04:00.400
have been marvelous to all. And of course you're you're

1224
01:04:00.400 --> 01:04:02.079
sitting here going, well, what are both the poor people

1225
01:04:02.159 --> 01:04:05.159
that bought those? They're mostly institutionally owned, Oh and most

1226
01:04:05.280 --> 01:04:06.000
longunter paper.

1227
01:04:06.199 --> 01:04:08.280
I mean, I think Japan owns almost like eight percent

1228
01:04:08.360 --> 01:04:10.880
of all our treasury debt. They just do it because

1229
01:04:11.159 --> 01:04:12.239
it's a financial game.

1230
01:04:12.360 --> 01:04:14.639
Yeah, they have China's not the number one debt holder.

1231
01:04:14.719 --> 01:04:18.079
That actually the number one holder of US debt if

1232
01:04:18.199 --> 01:04:22.480
US citizens. Well, yeah, that's from a country standpoint, it's Japan.

1233
01:04:22.559 --> 01:04:26.079
And then yeah, I think China's third. Something like seventy

1234
01:04:26.119 --> 01:04:27.920
five percent of all of our debt is owned by

1235
01:04:28.079 --> 01:04:31.039
people who live in this country, So it's when they

1236
01:04:31.119 --> 01:04:35.519
know China is gonna really clean our clock. Not so much,

1237
01:04:36.039 --> 01:04:38.280
not so much. Another one I saw. We talked last

1238
01:04:38.320 --> 01:04:44.000
week about Newsmax and the volatility, supposedly a rival to Fox,

1239
01:04:44.079 --> 01:04:46.800
although nobody knows where you can find it, so I'm

1240
01:04:46.840 --> 01:04:48.760
not sure how I've gotten I got like, have you

1241
01:04:48.800 --> 01:04:50.079
actually found out where you can find it?

1242
01:04:50.119 --> 01:04:50.239
Oh?

1243
01:04:50.320 --> 01:04:52.000
Yeah, I got two or three emails over the weekend

1244
01:04:52.000 --> 01:04:54.639
about Newsmax. It's quite a quite a buzz about the

1245
01:04:54.719 --> 01:04:57.280
radio we're talking about last week, Okay, all right, yeah, yeah, No,

1246
01:04:57.360 --> 01:05:01.400
I guess it's on comcasts and Dish and there's there's

1247
01:05:01.400 --> 01:05:03.840
a channel on there. I guess people been listening to it,

1248
01:05:03.880 --> 01:05:07.119
people have been subscribing or whatever you do to it.

1249
01:05:07.199 --> 01:05:08.800
I guess I need to pick up my clicker and

1250
01:05:09.039 --> 01:05:11.599
say news Max and it'll take me wherever, Yeah, wherever

1251
01:05:11.679 --> 01:05:14.719
I need to go. But if doesn't have anything to

1252
01:05:14.800 --> 01:05:17.519
do with the company or what they do. It was

1253
01:05:17.679 --> 01:05:20.880
the King Public March thirty first, at ten bucks to share.

1254
01:05:21.159 --> 01:05:23.039
It opened that day at fourteen. You could have bought

1255
01:05:23.039 --> 01:05:26.679
all you wanted at fourteen two days later, two hundred

1256
01:05:26.679 --> 01:05:30.119
and sixty five dollars. Fourteen dollars to two hundred and

1257
01:05:30.159 --> 01:05:33.039
sixty five dollars in two days. It ended last week

1258
01:05:33.079 --> 01:05:35.199
at forty five. It ended this week at twenty two.

1259
01:05:35.880 --> 01:05:38.639
We're now coming back down to earth on this. But

1260
01:05:38.920 --> 01:05:41.599
when you see something like that, gosh, you gotta be

1261
01:05:41.719 --> 01:05:43.159
so so careful.

1262
01:05:43.480 --> 01:05:43.639
You know.

1263
01:05:43.800 --> 01:05:45.320
We had a client that called and they wanted to

1264
01:05:45.320 --> 01:05:47.679
buy it at fifty. Would have been a great move

1265
01:05:47.719 --> 01:05:51.199
at two fifty, but now at twenty two obviously, I mean,

1266
01:05:51.360 --> 01:05:53.960
they have to have those things perfectly timed. So don't

1267
01:05:54.000 --> 01:05:55.960
get mad when you think you missed out on it,

1268
01:05:56.039 --> 01:05:58.639
because it's normally it's also when where you got to

1269
01:05:58.679 --> 01:05:58.960
get out.

1270
01:05:59.239 --> 01:06:00.840
Yeah, and you've got to be sitting in front of

1271
01:06:00.880 --> 01:06:04.079
the computer. You can't be putting a thousand shares on

1272
01:06:04.199 --> 01:06:07.400
and just hoping it works out. You know, good fundamentals

1273
01:06:07.440 --> 01:06:10.960
are not there. We talked before the underwriters spent a

1274
01:06:11.039 --> 01:06:13.920
great amount of time trying to determine what the maximum

1275
01:06:13.960 --> 01:06:16.079
amount of money they could get for these shares was

1276
01:06:16.519 --> 01:06:20.519
on behalf of their client, the company, and they had determined, well,

1277
01:06:20.599 --> 01:06:22.199
we ought to be able to get ten bucks a share.

1278
01:06:23.840 --> 01:06:25.920
Two days later it's two hundred and sixty five dollars.

1279
01:06:25.960 --> 01:06:28.440
This year they should have done some stock splits.

1280
01:06:28.480 --> 01:06:34.280
There is unbelievable, I'll tell you. In nineteen seventy, there

1281
01:06:34.400 --> 01:06:38.159
was one place that was harder to get into than Harvard.

1282
01:06:38.840 --> 01:06:42.400
This is a fun fact. In nineteen seventy, Harvard was

1283
01:06:42.480 --> 01:06:45.239
difficult to get into. They only had three percent acceptance. Right,

1284
01:06:45.320 --> 01:06:48.360
probably that's probably the norm for them, right. There was

1285
01:06:48.519 --> 01:06:52.920
another place that was harder to get into, the Harvey.

1286
01:06:53.880 --> 01:06:55.639
How about twa stewardess?

1287
01:06:56.679 --> 01:06:58.119
Yeah, I could tell this was that.

1288
01:06:59.000 --> 01:07:00.559
I mean, that's the crazy I don't even know.

1289
01:07:01.000 --> 01:07:03.559
It was so popular that it would you say, huh,

1290
01:07:03.639 --> 01:07:08.119
would you say twa stewardesses? To become a twa stewardess?

1291
01:07:08.199 --> 01:07:08.320
Oh?

1292
01:07:08.440 --> 01:07:11.679
Got There was so much demand in the nineteen seventy

1293
01:07:11.719 --> 01:07:15.840
to become a stewardess for twa travel the world. Their

1294
01:07:15.920 --> 01:07:18.960
acceptance rate was lower than Harvard for a period of

1295
01:07:19.039 --> 01:07:22.280
about five years. That amazing Wow, when you think about

1296
01:07:22.320 --> 01:07:26.239
all the all the things nowadays, it's probably not quite

1297
01:07:26.280 --> 01:07:28.480
as romantic as it was back then. But I thought

1298
01:07:28.559 --> 01:07:31.480
was kind of cool Harley Davison And this is an

1299
01:07:31.519 --> 01:07:35.159
interesting story. Forty five percent off the high. Down another

1300
01:07:35.239 --> 01:07:37.800
eleven percent on Thursday, so down over fifty percent on

1301
01:07:37.880 --> 01:07:41.079
the ear after the company disclosed that a board member,

1302
01:07:41.239 --> 01:07:46.440
Jared Durdeville, resigned. Okay, the director wrote in a letter

1303
01:07:46.559 --> 01:07:50.079
that he had grave concerns about the current state of

1304
01:07:50.119 --> 01:07:54.360
Harley Davidson and his leadership. Now that's that struck me

1305
01:07:54.400 --> 01:07:58.440
as odd, struck me as maybe a personality issue. You're

1306
01:07:58.519 --> 01:08:00.440
not doing it the way I want. So I'm going

1307
01:08:00.480 --> 01:08:03.599
to take my ball and go home. You know, I'm

1308
01:08:03.679 --> 01:08:06.480
president of my HOA and I'm president of my church,

1309
01:08:07.280 --> 01:08:09.440
and I'm pretty sure there are some who have grave

1310
01:08:09.599 --> 01:08:13.119
concerns about my leadership. You know. It just it's amazing

1311
01:08:13.159 --> 01:08:15.679
that the stock can give up eleven percent because some

1312
01:08:15.920 --> 01:08:19.399
board member decides that he wants to make a comment.

1313
01:08:20.000 --> 01:08:20.119
Right.

1314
01:08:20.560 --> 01:08:22.600
Hey, what we did see this week, like we were saying,

1315
01:08:22.720 --> 01:08:26.239
is increased bond volatility. The two year ten year should

1316
01:08:26.279 --> 01:08:28.640
have spread. The tenure got back up to that four

1317
01:08:28.720 --> 01:08:31.960
or five mark. That is an issue. We're going to

1318
01:08:32.079 --> 01:08:34.359
need to keep watching that because if it goes higher

1319
01:08:34.399 --> 01:08:36.159
than four or five, that's kind of the alarm bell

1320
01:08:36.199 --> 01:08:36.800
of the system.

1321
01:08:37.119 --> 01:08:40.119
It's a little scary actually right now in terms of

1322
01:08:40.279 --> 01:08:43.239
the interest rates rising, because higher interest rates is bad

1323
01:08:43.279 --> 01:08:44.239
for everybody.

1324
01:08:43.960 --> 01:08:47.319
Well, and not just higher interstrates volatility in bonds. You

1325
01:08:47.399 --> 01:08:51.000
can't have too much bond volatility because we loan against it.

1326
01:08:51.119 --> 01:08:52.800
I mean, the whole system is kind of based on

1327
01:08:52.880 --> 01:08:54.880
loaning against bond values, and so all of a sudden

1328
01:08:54.920 --> 01:08:57.119
bond values get messed up, a lot of things have

1329
01:08:57.199 --> 01:08:59.439
to get sold off and readjusted, and that can lead

1330
01:08:59.479 --> 01:09:02.600
to contagion in other markets. So that's something they'll watch.

1331
01:09:02.680 --> 01:09:06.119
But we are squarely entering into earning season, so banks

1332
01:09:06.159 --> 01:09:09.000
start on Friday. We'll have a little bit better idea

1333
01:09:09.039 --> 01:09:11.640
on Monday of how those came and reported. And then

1334
01:09:11.680 --> 01:09:14.199
we go into some of the defense companies. The first

1335
01:09:14.319 --> 01:09:18.560
up or like Lockheed, they're reporting in about seven days.

1336
01:09:18.600 --> 01:09:21.560
We got Raytheon, we got Boeing. Boweing's going to be

1337
01:09:21.600 --> 01:09:24.640
an interesting one. They've sold off so significantly there right

1338
01:09:24.720 --> 01:09:26.600
now priced at pandemic.

1339
01:09:26.239 --> 01:09:30.039
Loves there and there's a good chance that that Trump

1340
01:09:30.199 --> 01:09:32.640
is going to use buoying to help balance trade with

1341
01:09:32.760 --> 01:09:36.000
other countries. Yeah, I mean that that company stands to

1342
01:09:36.079 --> 01:09:37.600
benefit from this, It would seemed to me.

1343
01:09:38.159 --> 01:09:41.199
And I've heard a lot about this Golden Dome being

1344
01:09:42.279 --> 01:09:44.680
talked about and potentially at one point going to be

1345
01:09:44.920 --> 01:09:48.720
announced because you know, we know Raytheon makes the missiles

1346
01:09:48.760 --> 01:09:52.239
for the Iron Dome. Obviously Iron Dome is the the

1347
01:09:52.319 --> 01:09:54.560
missile system for Israel. The Golden Dome would be the

1348
01:09:54.560 --> 01:09:57.920
missile system for the United States to protect us. Obviously

1349
01:09:58.079 --> 01:09:59.720
not in the same type of need of Israel, but

1350
01:10:00.520 --> 01:10:02.359
having it would also bring a lot of jobs, and

1351
01:10:03.199 --> 01:10:06.359
Raytheon and a lot of the defense names could benefit

1352
01:10:06.439 --> 01:10:09.000
off of that. So that's going to be interesting space

1353
01:10:09.119 --> 01:10:11.880
to watch. But earning season as a whole, I think

1354
01:10:11.960 --> 01:10:15.560
these tariffs now having a ceiling of ten percent gives

1355
01:10:15.600 --> 01:10:18.239
the CEO some type of framework to then give guidance

1356
01:10:18.600 --> 01:10:19.760
I think they didn't have before.

1357
01:10:19.840 --> 01:10:22.439
Yeah, but not to be dismissive of this, but we're

1358
01:10:22.479 --> 01:10:25.880
talking about earnings for the first quarter, and this cast

1359
01:10:25.920 --> 01:10:27.000
didn't starting to tell the second.

1360
01:10:27.000 --> 01:10:29.399
Well, no, I'm saying guidance for sure. Guidance is what

1361
01:10:29.520 --> 01:10:31.880
you want to watch and the what were they going

1362
01:10:31.960 --> 01:10:33.760
to say if they didn't know what terraffs were? And

1363
01:10:33.840 --> 01:10:35.199
now at least they know the ceiling.

1364
01:10:35.520 --> 01:10:37.800
And if nobody really knows what the E is going

1365
01:10:37.880 --> 01:10:39.760
to be in Pe, how do you value stock?

1366
01:10:40.600 --> 01:10:42.000
That's that's a very good point.

1367
01:10:42.079 --> 01:10:43.279
And nobody knows what he is going to be.

1368
01:10:43.439 --> 01:10:45.319
That was kind of the concern going into this earning

1369
01:10:45.359 --> 01:10:47.439
season is where are these tariffs? Where are they going

1370
01:10:47.520 --> 01:10:49.840
to be? None of these companies and now the CEOs

1371
01:10:49.920 --> 01:10:52.039
kind of feel at least have a little better framework

1372
01:10:52.079 --> 01:10:52.920
of how to report.

1373
01:10:53.079 --> 01:10:55.600
We're seeing We're seeing a number of companies pull guidance,

1374
01:10:55.720 --> 01:10:59.279
and I think the common theme about first quarter earnings

1375
01:10:59.319 --> 01:11:03.920
report is going to be strong reports, weak guidance or

1376
01:11:04.039 --> 01:11:05.399
uncertain guidance.

1377
01:11:05.439 --> 01:11:09.119
Or but may have already cut guidance too though.

1378
01:11:09.640 --> 01:11:11.640
Oh because you really didn't know this chaos was going

1379
01:11:11.680 --> 01:11:13.720
to happen until within the last week or ten days.

1380
01:11:13.800 --> 01:11:15.560
Well, a lot of companies have already cut they have.

1381
01:11:15.640 --> 01:11:17.479
Oh absolutely, but that's what I got to do with

1382
01:11:17.560 --> 01:11:18.479
Q one earnings. Nothing.

1383
01:11:18.600 --> 01:11:20.600
Well, No, I don't think the earnings reports are going

1384
01:11:20.640 --> 01:11:23.079
to have the actual earning side. It's going to be

1385
01:11:23.199 --> 01:11:23.720
the guidance.

1386
01:11:24.319 --> 01:11:28.000
Stay tuned, we'll be back with the Dean's thoughts on tariffs.

1387
01:11:28.319 --> 01:12:02.800
Thanks for listening, Hello, and welcome to Money Matters. I'm

1388
01:12:02.840 --> 01:12:06.720
Sarah Peterson here with the famous Dean Greenberg, president of

1389
01:12:07.039 --> 01:12:09.520
Greenberg Financial Group. We're famous to me, just so you know.

1390
01:12:09.880 --> 01:12:11.760
I'm not that famous, but you know what, We've been

1391
01:12:11.760 --> 01:12:14.760
in Tucson a long time, so people do get to

1392
01:12:14.840 --> 01:12:18.199
know who we are. And it's pretty cool when people

1393
01:12:18.239 --> 01:12:20.159
come up to you and say, oh, I heard you

1394
01:12:20.239 --> 01:12:22.680
on radio, I heard you on TV, and we like

1395
01:12:22.760 --> 01:12:26.159
what you're saying, you know, and it's kind of neat well.

1396
01:12:26.199 --> 01:12:28.119
To me, the neatest thing is how much you love

1397
01:12:28.199 --> 01:12:30.479
to educate people, because this is not an education that

1398
01:12:30.600 --> 01:12:32.680
we get in school. This is something that all of

1399
01:12:32.760 --> 01:12:34.880
us are just learning as we go. And I don't

1400
01:12:34.920 --> 01:12:38.920
think there's anything more important than our financial wellbeing and

1401
01:12:39.000 --> 01:12:41.640
our physical well being, right, those two things do go

1402
01:12:41.800 --> 01:12:43.760
hand in hand. We have to keep up both of

1403
01:12:43.800 --> 01:12:46.560
those things. And so we go to doctors. Why don't

1404
01:12:46.560 --> 01:12:48.439
we go to our financial advisors and get the same

1405
01:12:48.479 --> 01:12:52.640
type of treatment, constantly being evaluated, constantly looking at these things.

1406
01:12:52.880 --> 01:12:55.560
People wait till it's too long and then they're kind

1407
01:12:55.600 --> 01:12:56.520
of backpedaling.

1408
01:12:56.760 --> 01:12:59.199
Well, I think more and more people are doing that now,

1409
01:13:00.640 --> 01:13:03.680
not as many as that you think they would be.

1410
01:13:04.119 --> 01:13:07.399
You know a lot of people using advisors, but they

1411
01:13:07.399 --> 01:13:12.039
don't do the financial plan. We have very I would

1412
01:13:12.079 --> 01:13:14.680
say ninety five percent of people we deal with get

1413
01:13:14.720 --> 01:13:19.479
a financial plan. Now. It's important because it's not just

1414
01:13:19.560 --> 01:13:22.000
a plan for today, it's a plan for tomorrow and

1415
01:13:23.119 --> 01:13:25.920
next year or the year after. It gives you something

1416
01:13:26.079 --> 01:13:29.199
in writing that you can look at and as times change,

1417
01:13:29.279 --> 01:13:31.960
which we're in right now, it helps them figure out

1418
01:13:32.800 --> 01:13:33.680
what do I have to do?

1419
01:13:34.800 --> 01:13:36.720
Do you think there's a fear factor for some people?

1420
01:13:36.840 --> 01:13:38.920
Those the percentage of people that don't do it, they

1421
01:13:39.039 --> 01:13:40.720
just almost don't want to do the plan because they

1422
01:13:40.760 --> 01:13:42.279
don't want to know the answers.

1423
01:13:42.720 --> 01:13:47.880
Of course. You know, we had a client that came

1424
01:13:47.960 --> 01:13:51.680
in that had some significant amounts of money, but they

1425
01:13:51.760 --> 01:13:54.520
want to almost take out fifteen to twenty percent a

1426
01:13:54.680 --> 01:13:59.720
year to live off of. And you know, we asked thembut,

1427
01:14:00.000 --> 01:14:02.640
how's your health? Are you doing this because there's a reason,

1428
01:14:02.720 --> 01:14:04.520
and they go, no, we're great, we just want to

1429
01:14:04.520 --> 01:14:06.840
spend the money. We worked hard for it, and we're like,

1430
01:14:06.960 --> 01:14:09.039
absolutely but we got to have a plan for you.

1431
01:14:09.560 --> 01:14:11.359
Then you find out there's a few other things, you

1432
01:14:11.439 --> 01:14:13.359
know what I mean. There's a house here, there's a

1433
01:14:13.439 --> 01:14:16.560
house there, there's inheritance waiting to come, and some other

1434
01:14:16.640 --> 01:14:19.159
things which allows them to take money for the next

1435
01:14:19.199 --> 01:14:21.800
five years as long as the other things come together,

1436
01:14:22.479 --> 01:14:24.279
you know. But it's hard to tell people you can't

1437
01:14:24.319 --> 01:14:26.960
spend this much money without you know, be it out

1438
01:14:27.000 --> 01:14:27.760
of money pretty soon.

1439
01:14:28.199 --> 01:14:30.159
Well, I guess there's a sweet spot too, of You've

1440
01:14:30.199 --> 01:14:32.680
worked your whole life to make this money and now

1441
01:14:32.720 --> 01:14:35.039
you still feel well enough to spend it. So you

1442
01:14:35.119 --> 01:14:37.239
want to utilize this window because you know, maybe in

1443
01:14:37.319 --> 01:14:39.600
ten years, I'm not going to have the time. I'm

1444
01:14:39.640 --> 01:14:43.319
not going to have the emotional and the physical well being.

1445
01:14:43.680 --> 01:14:46.960
The biggest problem that we deal with is people with

1446
01:14:47.079 --> 01:14:50.560
their fear and greed, and as they get older and

1447
01:14:50.680 --> 01:14:53.119
things are going good, they get greedy. But then when

1448
01:14:53.159 --> 01:14:54.920
things go bad, they go I don't have that much

1449
01:14:54.960 --> 01:14:57.319
time for things to come back. I mean, everybody wants

1450
01:14:57.359 --> 01:15:00.119
to be able to make everything on the upside, not

1451
01:15:00.199 --> 01:15:02.399
lose anything on the downside, and you can't do that.

1452
01:15:02.520 --> 01:15:04.079
That's not what investig is. You want to do that,

1453
01:15:04.560 --> 01:15:07.319
you get CDs, you get government bonds, which you can do,

1454
01:15:07.920 --> 01:15:10.319
but expect three or four percent, you know what I mean,

1455
01:15:10.359 --> 01:15:12.399
You're not going to get much more than that. Maybe

1456
01:15:12.800 --> 01:15:14.199
you know a few months ago you're able to get

1457
01:15:14.199 --> 01:15:16.520
four to five, but now it's probably around four percent,

1458
01:15:17.199 --> 01:15:19.439
and you got to be careful. But greed and fear,

1459
01:15:19.520 --> 01:15:22.800
and the fear is so big right now with everything

1460
01:15:22.880 --> 01:15:28.159
that's going on, and this is opportunities for people that

1461
01:15:28.239 --> 01:15:30.079
have been around for a while. I try, I try

1462
01:15:30.159 --> 01:15:32.560
to educate people. You know what, what you're doing right

1463
01:15:32.640 --> 01:15:35.600
now is setting yourself up for the next two, three,

1464
01:15:35.720 --> 01:15:38.439
five years. We have these ups and downs, we have

1465
01:15:38.680 --> 01:15:42.239
these periods that we go through. But if you don't

1466
01:15:42.319 --> 01:15:46.840
have the ability, the experience, the knowledge, and frankly the

1467
01:15:46.920 --> 01:15:50.239
guts to step up to the plate and use these

1468
01:15:50.279 --> 01:15:53.319
as opportunities, then they go by the way and then

1469
01:15:53.359 --> 01:15:55.239
next thing you know, you're buying when everything's back up,

1470
01:15:55.359 --> 01:15:56.159
or you don't buy it off.

1471
01:15:56.920 --> 01:15:59.720
So there's got to be a right time to start planning.

1472
01:15:59.760 --> 01:16:01.720
I mean, because you're saying, don't wait till it's too late,

1473
01:16:02.039 --> 01:16:04.039
till you're back pedaling and you're catching up. So when

1474
01:16:04.159 --> 01:16:05.439
is the right time to start.

1475
01:16:05.880 --> 01:16:09.720
Well with financial planning. It's I don't know, if you're

1476
01:16:09.760 --> 01:16:12.479
in your twenty thirty, forty fifty, sixty seventy eighties, there's

1477
01:16:12.479 --> 01:16:15.960
always some type of plan. They change. When you're twenty thirty, forty,

1478
01:16:16.199 --> 01:16:20.640
even fifty, you're planning of your accumulation phase, when you're

1479
01:16:20.640 --> 01:16:22.199
going to take Social Security, What are you going to

1480
01:16:22.239 --> 01:16:24.720
do with Medicare? How's it going to affect your tax bracket,

1481
01:16:25.159 --> 01:16:29.800
and how you're investing your nest egg for the future. Now,

1482
01:16:29.880 --> 01:16:32.640
once you're in your sixty seventy eighties, it turns into

1483
01:16:32.880 --> 01:16:35.319
how am I going to take the accumulation that I

1484
01:16:35.399 --> 01:16:38.560
did and turn it into an income stream for myself

1485
01:16:38.680 --> 01:16:40.880
to be able to get the income I need to

1486
01:16:40.960 --> 01:16:43.920
live on Now. Some people get pensions, that's not enough,

1487
01:16:43.960 --> 01:16:45.760
so you got to add to it. Some people don't

1488
01:16:45.760 --> 01:16:48.319
get pensions, so they're living on Social Security and everything

1489
01:16:48.319 --> 01:16:53.640
else they can get. So planning at every stage is important.

1490
01:16:54.479 --> 01:16:58.600
What people don't do is do it when they don't

1491
01:16:58.640 --> 01:17:00.960
have money. It's okay to do it while you're building

1492
01:17:01.000 --> 01:17:04.560
them when you're thinking, because you know, if your thirties

1493
01:17:04.560 --> 01:17:07.039
and you're having children, what are you're really planning for

1494
01:17:07.239 --> 01:17:10.079
is your retirement along with kids going to school, along

1495
01:17:10.159 --> 01:17:12.960
with weddings, along with bon mitzfids, along with everything that

1496
01:17:13.119 --> 01:17:17.159
happened while your children are growing, going to college and

1497
01:17:17.239 --> 01:17:21.920
stuff once they get out. It's a combination of Okay,

1498
01:17:22.159 --> 01:17:24.760
how long can I support my kids before I cut

1499
01:17:24.800 --> 01:17:27.439
them off? Along with I got to keep putting more

1500
01:17:27.479 --> 01:17:28.800
money away for my own retirement.

1501
01:17:29.279 --> 01:17:30.760
Can you're just speaking my language.

1502
01:17:30.960 --> 01:17:35.239
Yeah, but you're no different than other people. It's just

1503
01:17:35.319 --> 01:17:39.520
at all different levels. You know, unless you inherited money

1504
01:17:40.159 --> 01:17:42.199
and you're just making it, and unless you're one of

1505
01:17:42.279 --> 01:17:45.439
these tech guys that sell their business at thirty five,

1506
01:17:45.520 --> 01:17:47.960
forty years old to big hundreds of millions of dollars,

1507
01:17:48.399 --> 01:17:51.159
we're all in the same situation. We grind it out.

1508
01:17:51.479 --> 01:17:53.640
We try to get better. But if you're not saving

1509
01:17:53.680 --> 01:17:56.520
and doing the right things and investing correctly, you're going

1510
01:17:56.560 --> 01:17:57.119
to be in trouble.

1511
01:17:57.840 --> 01:18:00.920
Well, speaking of investing correctly, and this is a very

1512
01:18:01.000 --> 01:18:02.960
tumultuous time right now, so I know we're going to

1513
01:18:03.000 --> 01:18:05.640
have an amazing show. We have a lot to talk about.

1514
01:18:05.960 --> 01:18:09.159
There has been a lot of changes in the political climate,

1515
01:18:09.560 --> 01:18:11.680
and I imagine that fear factory you were talking about

1516
01:18:11.720 --> 01:18:14.720
has really escalated confusion.

1517
01:18:15.399 --> 01:18:16.399
Is that good for the market?

1518
01:18:16.520 --> 01:18:18.640
Chaos is really they use the word chaos.

1519
01:18:18.720 --> 01:18:22.079
I hate that word. I mean, you know, chaos has change.

1520
01:18:22.560 --> 01:18:27.560
The problem we have right now, okay, is that America

1521
01:18:28.359 --> 01:18:32.239
voted for change, but once they get change, so many

1522
01:18:32.319 --> 01:18:34.880
people can't handle it because they don't understand what it

1523
01:18:34.960 --> 01:18:40.319
takes to have change. I've been saying for the last

1524
01:18:40.359 --> 01:18:42.720
twenty years that we have to do something about Social

1525
01:18:42.720 --> 01:18:45.520
Security and not just kick it down and can down

1526
01:18:45.560 --> 01:18:48.960
the road, not keep increasing the age of the people

1527
01:18:49.119 --> 01:18:52.239
before they full retire and age, and stop going ahead

1528
01:18:52.439 --> 01:18:56.079
and having to keep it increasing the amount that we

1529
01:18:56.199 --> 01:18:59.279
take off the maximum all right, because eventually you're take

1530
01:18:59.279 --> 01:19:01.119
in so much money they never getting anything back, and

1531
01:19:01.159 --> 01:19:03.439
then they get taxed. It's ridiculous. Don't even give him

1532
01:19:03.479 --> 01:19:06.439
SOI security. Let him invest in themselves. But at the

1533
01:19:06.560 --> 01:19:09.680
end of the day, we have to look at our debt,

1534
01:19:10.199 --> 01:19:13.520
a social Security and a Medicare situation. Those who are

1535
01:19:13.640 --> 01:19:16.319
biggest courts well, of course defense, but we need to

1536
01:19:16.399 --> 01:19:20.279
do that. And as we've seen, whether you like him

1537
01:19:20.479 --> 01:19:23.880
or not, there's not one person that says I don't

1538
01:19:24.079 --> 01:19:27.720
like I would love to get rid of all the

1539
01:19:28.640 --> 01:19:32.199
fraud or the extra spending and the stuff we're doing.

1540
01:19:32.279 --> 01:19:35.600
They all say both sides right, but I don't like

1541
01:19:35.640 --> 01:19:38.079
the way he's doing it. Well, damn you didn't do it.

1542
01:19:38.680 --> 01:19:40.920
No one has done it. And I've experienced in my

1543
01:19:41.039 --> 01:19:43.279
life when you do things because you have a vision

1544
01:19:43.359 --> 01:19:47.000
to do it, you have nothing but critics, and they

1545
01:19:47.119 --> 01:19:52.000
criticize immediately and don't let it play out. When it

1546
01:19:52.079 --> 01:19:54.479
plays out, that's when I will look at it. I

1547
01:19:54.560 --> 01:19:57.560
am an outcome type person. When I invest for you,

1548
01:19:58.000 --> 01:20:00.239
I look at what the outcome is over to three

1549
01:20:00.359 --> 01:20:02.079
five years. I don't look at what is going to

1550
01:20:02.119 --> 01:20:04.640
happen in the first month or two when they're doing

1551
01:20:04.720 --> 01:20:08.239
their planned to cut spending and cut our debt. This

1552
01:20:08.439 --> 01:20:11.520
is not something that happens overnight. To cut changes and

1553
01:20:11.600 --> 01:20:13.439
get rid of the fact, you need to get rid

1554
01:20:13.479 --> 01:20:17.840
of the government extra some part. It's called labor. Okay.

1555
01:20:18.720 --> 01:20:20.720
One of the things that most people will agree with

1556
01:20:21.880 --> 01:20:24.199
is that we're tied of people just getting paychecks and

1557
01:20:24.279 --> 01:20:28.359
not working. Our society has become a society of people

1558
01:20:28.439 --> 01:20:30.039
that don't want to earn it, don't want to work,

1559
01:20:30.079 --> 01:20:31.960
don't want to come in on time, just think they

1560
01:20:32.000 --> 01:20:35.199
can stay home. The pandemic has ruined us. We have

1561
01:20:35.279 --> 01:20:38.560
become so soft. It's time for change. And when you

1562
01:20:38.680 --> 01:20:42.199
get change, you get people complaining and you get chaos

1563
01:20:42.880 --> 01:20:47.279
in their mind. In my mind, it's systematic approach. Will

1564
01:20:47.319 --> 01:20:49.720
there be mistake chess, but you have to fix those

1565
01:20:49.800 --> 01:20:52.800
mistakes immediately. Politicians is very hard for them to fix

1566
01:20:52.840 --> 01:20:55.000
it because they have tomit the wrong. I believe this

1567
01:20:55.079 --> 01:20:56.239
administration will fix it.

1568
01:20:57.520 --> 01:21:00.479
I mean that was a big SoundBite. We have to

1569
01:21:00.520 --> 01:21:02.720
take a quick commercial break and when we come back,

1570
01:21:02.760 --> 01:21:05.000
we're going to get really into how this is going

1571
01:21:05.079 --> 01:21:08.359
to impact your financial future. So please stay with us again.

1572
01:21:08.399 --> 01:21:10.319
That phone number is five two zero five four four

1573
01:21:10.439 --> 01:21:12.640
four nine zero nine. We'll take a quick break and

1574
01:21:12.680 --> 01:21:15.560
we'll see you. So you hello, and welcome back to

1575
01:21:15.640 --> 01:21:17.560
Money Matters. We're so glad you're with us because it's

1576
01:21:17.560 --> 01:21:20.479
an exciting show. Today we're talking about change and how

1577
01:21:20.600 --> 01:21:23.520
change is inherently difficult, but we needed it, this country

1578
01:21:23.600 --> 01:21:25.760
needed it. So now we're in it and people are

1579
01:21:25.880 --> 01:21:28.680
scared because they don't know what is around the corner.

1580
01:21:28.880 --> 01:21:30.399
You know, it was a lot easier when it was

1581
01:21:30.479 --> 01:21:33.199
four years of no change in mediocrity.

1582
01:21:33.359 --> 01:21:35.239
You didn't know what was going on. Yeah, okay. The

1583
01:21:35.319 --> 01:21:38.039
first time Trump was in, everybody was on his case.

1584
01:21:38.399 --> 01:21:41.000
Can't do this. He didn't know what he was doing. Okay,

1585
01:21:41.279 --> 01:21:44.159
he couldn't believe that everybody was against him the way

1586
01:21:44.159 --> 01:21:46.960
it was going on. Then you had bided and everybody

1587
01:21:47.079 --> 01:21:49.039
liked it because there was no chaos because you didn't know.

1588
01:21:49.239 --> 01:21:51.399
They were just doing everything behind the scenes and nobody

1589
01:21:51.439 --> 01:21:54.279
knew anything. They never talked to reporters, They never did anything.

1590
01:21:54.760 --> 01:21:58.520
So when you open and you talk, don't expect everybody

1591
01:21:58.640 --> 01:22:00.399
to like what you're doing or under stay what you're

1592
01:22:00.439 --> 01:22:03.640
doing because the reporters are not there except to come

1593
01:22:03.720 --> 01:22:06.439
down on you. We know that, okay, So then you're

1594
01:22:06.439 --> 01:22:08.880
going to have some conflict at the end of the day.

1595
01:22:10.039 --> 01:22:13.000
The tariff situation I look at a little bit different.

1596
01:22:14.520 --> 01:22:17.560
You're putting on these tariffs to give us an even

1597
01:22:17.600 --> 01:22:21.520
playing field, or we ever, hear from everybody, especially the left,

1598
01:22:22.119 --> 01:22:24.479
we need an even playing field. Well, why don't we

1599
01:22:24.520 --> 01:22:28.920
have an even playing field when it comes to trade?

1600
01:22:29.720 --> 01:22:33.640
Why are people taking advantage of us? The way I

1601
01:22:33.680 --> 01:22:36.840
explain it to people, Canada who I love. I love Canadians,

1602
01:22:36.880 --> 01:22:39.560
I love Canada, I love going there. They get two

1603
01:22:39.640 --> 01:22:44.520
hundred billion dollars off of our import export trade, two

1604
01:22:44.640 --> 01:22:50.800
hundred billion dollar access to Canada. Canada would be the

1605
01:22:51.319 --> 01:22:56.600
fourth largest state if we were all together, California, New York,

1606
01:22:56.720 --> 01:23:01.000
Texas all bigger. Can you imagine if we gave anyone

1607
01:23:01.000 --> 01:23:04.159
of those states two hundred billion dollars what that would

1608
01:23:04.199 --> 01:23:08.760
do just for that state. So now that the fourth Lodgers,

1609
01:23:08.920 --> 01:23:11.600
now they're in Canada, they're getting two hundred billion. Why

1610
01:23:12.239 --> 01:23:14.560
so they can sit there and boast to the world

1611
01:23:15.000 --> 01:23:18.720
that their healthcare system, which is free, it's great. Why

1612
01:23:18.800 --> 01:23:22.359
they can boast to the world why their retirement system,

1613
01:23:22.600 --> 01:23:25.920
their pension plan system is great because of our two

1614
01:23:26.000 --> 01:23:29.800
hundred billion dollars extra that we give to them. Take

1615
01:23:29.880 --> 01:23:33.960
that away, where would they be? That is what people

1616
01:23:34.000 --> 01:23:36.560
don't understand. Why don't we have that two hundred billion.

1617
01:23:36.760 --> 01:23:39.159
Why are we the ones giving hundreds of billion dollars

1618
01:23:39.199 --> 01:23:42.239
away to people around the world. I want to help people,

1619
01:23:43.199 --> 01:23:46.600
but we cannot help people unless we are secure ourselves.

1620
01:23:47.239 --> 01:23:50.039
People think because we're the government and we can print money,

1621
01:23:50.239 --> 01:23:54.000
that we can't go bankrupt. We can go bankrupt. We

1622
01:23:54.159 --> 01:23:55.800
can just go ahead and say, oh, we can't pay

1623
01:23:55.800 --> 01:23:58.079
a bills right now and put it on hold. Boom,

1624
01:23:58.159 --> 01:23:58.560
We're done.

1625
01:23:59.039 --> 01:23:59.319
Okay.

1626
01:23:59.800 --> 01:24:02.800
The reason the dollar the strong is because we're there.

1627
01:24:02.840 --> 01:24:05.359
But if we get to forty fifty sixty billion, we

1628
01:24:05.479 --> 01:24:09.600
can't afford it. That's what China wants. That's what all

1629
01:24:09.680 --> 01:24:12.720
these countries want, is for America to be taken down

1630
01:24:12.800 --> 01:24:15.880
to their knees, not go away, but become maybe two

1631
01:24:16.000 --> 01:24:17.880
or three in the world, so we don't have so

1632
01:24:18.000 --> 01:24:21.079
much power. That's what they want. And if we want

1633
01:24:21.119 --> 01:24:22.720
to stay number one, we do it. And if you

1634
01:24:22.840 --> 01:24:26.439
think that we're in trouble, what country in this world

1635
01:24:26.840 --> 01:24:29.439
is going to tax their tax payers money so they

1636
01:24:29.479 --> 01:24:33.920
can send the United States of America checks nobody. We

1637
01:24:34.079 --> 01:24:36.600
got to start thinking about us first, take care of

1638
01:24:36.720 --> 01:24:38.479
us first, so we can take care of the rest

1639
01:24:38.479 --> 01:24:38.960
of the people.

1640
01:24:40.000 --> 01:24:43.760
How do you feel like this trickles down to individuals

1641
01:24:43.960 --> 01:24:46.800
and in terms of their planning? What types of changes

1642
01:24:46.840 --> 01:24:47.720
are we having to look at.

1643
01:24:47.960 --> 01:24:50.039
You need to understand how to mitigate risk when the

1644
01:24:50.079 --> 01:24:52.880
markets are too high under these circumstances. You have to

1645
01:24:52.960 --> 01:24:55.399
also understand that when these come down, and it's because

1646
01:24:55.439 --> 01:24:58.000
of these SEP situations, how to buy, what to buy

1647
01:24:58.039 --> 01:25:01.760
and want to buy the way you make money investing. Okay,

1648
01:25:02.079 --> 01:25:05.199
if this bothers you and you go through that financial

1649
01:25:05.279 --> 01:25:08.119
planning process and you realize my risk tolerance is too low,

1650
01:25:08.520 --> 01:25:10.800
then you start buying into things that will just pay

1651
01:25:10.840 --> 01:25:14.039
you guarantees like annuities, but you're not going to make

1652
01:25:14.079 --> 01:25:15.880
that much money. And may you know three four five

1653
01:25:15.880 --> 01:25:21.199
percent if you're lucky, Okay, government bonds, other secure bonds,

1654
01:25:21.279 --> 01:25:24.399
things like that. That's your upside. But people want ten

1655
01:25:24.520 --> 01:25:27.039
twelve percent. You know that when the things are good.

1656
01:25:27.560 --> 01:25:29.319
So that's how you have to do it. You have

1657
01:25:29.399 --> 01:25:33.159
to protect yourself during these times. That's how it's going

1658
01:25:33.239 --> 01:25:34.920
to put your four one K plans are going to

1659
01:25:34.960 --> 01:25:38.319
go down if you're twenty thirty, forty years old, keep

1660
01:25:38.319 --> 01:25:40.920
putting the money in. I tell people the worst period

1661
01:25:41.119 --> 01:25:44.439
in history was if you retire it in two thousand,

1662
01:25:46.079 --> 01:25:47.960
two thousand and we had two thousand and one in

1663
01:25:48.039 --> 01:25:51.159
two thousand and eight. Two times we went down over

1664
01:25:51.239 --> 01:25:54.479
fifty percent. If you kept putting in the money over

1665
01:25:54.560 --> 01:25:56.880
that period of time, you would have had more money

1666
01:25:56.920 --> 01:26:00.359
in your accounts. Even though you went through that in

1667
01:26:00.439 --> 01:26:03.359
twenty ten, eleven, twelve. By the time twenty twenty came around,

1668
01:26:03.520 --> 01:26:07.920
you would have averaged seven percent, not ten percent, but

1669
01:26:08.039 --> 01:26:10.039
you would have averaged seven percent with those knocked down.

1670
01:26:10.279 --> 01:26:15.600
The whole idea is patience, longevity, and being disciplined. And

1671
01:26:15.720 --> 01:26:16.960
that's what the financial plan.

1672
01:26:16.880 --> 01:26:17.319
Does for you.

1673
01:26:18.560 --> 01:26:21.359
People who come to you and think that they have

1674
01:26:21.439 --> 01:26:24.039
a financial plan, oftentimes it's not a plan, correct, It's

1675
01:26:24.159 --> 01:26:26.920
just like a stack of statements that they think is

1676
01:26:27.000 --> 01:26:28.680
their plan. But we're not talking about.

1677
01:26:28.479 --> 01:26:28.920
That, right.

1678
01:26:30.520 --> 01:26:33.000
People come to you with a stack of stuff that's

1679
01:26:33.039 --> 01:26:35.560
more like manage my money. Of course, that's what we do.

1680
01:26:36.239 --> 01:26:38.760
We do to financial plan to figure out how to

1681
01:26:38.840 --> 01:26:41.439
manage your money. Most people just take your accounts and

1682
01:26:41.560 --> 01:26:43.840
just manage your money and tell you you're risky. You're

1683
01:26:43.840 --> 01:26:47.760
not risky. We actually manage the money according to what

1684
01:26:47.840 --> 01:26:50.439
your plan is. So what does the plan do? When

1685
01:26:50.479 --> 01:26:52.560
do you need the money? What is your rich silance?

1686
01:26:52.760 --> 01:26:54.720
How much money are you going to need? How are

1687
01:26:54.760 --> 01:26:56.800
we going to get to that? And then we use

1688
01:26:57.239 --> 01:27:00.119
you know, the what if system. What if if you

1689
01:27:00.159 --> 01:27:01.960
made ten percent, what if you made three percent? What

1690
01:27:02.039 --> 01:27:03.720
if you took this bunch money out? What if you

1691
01:27:03.760 --> 01:27:07.279
took this money out? Then we say okay, if you

1692
01:27:07.399 --> 01:27:09.359
get medicare this is how much it's going to cost

1693
01:27:09.439 --> 01:27:12.600
you in today's terms, because if you have a certain

1694
01:27:12.640 --> 01:27:14.720
amount of money that you're making, this is where this

1695
01:27:14.840 --> 01:27:16.359
is how much it's going to cost you. Should you

1696
01:27:16.439 --> 01:27:18.279
stay at your and your plan at your work, or

1697
01:27:18.319 --> 01:27:21.920
should you take Medicare and get your supplement or a plan.

1698
01:27:22.239 --> 01:27:24.880
The other side is a social security So many people

1699
01:27:24.960 --> 01:27:27.039
think you get sixty five, you take social security. That's

1700
01:27:27.079 --> 01:27:29.079
not the fully time and age. If you're taking into

1701
01:27:29.119 --> 01:27:31.000
sixty five, you're not going to get the full amount

1702
01:27:31.000 --> 01:27:33.479
of money. And if you're working, you're going to get

1703
01:27:33.520 --> 01:27:37.000
penalized and taxed. So there's a lot of things that

1704
01:27:37.079 --> 01:27:37.760
go into a plan.

1705
01:27:38.920 --> 01:27:41.479
When you're looking at a plan like this and somebody

1706
01:27:41.600 --> 01:27:44.399
comes to you and they are, say, sixty five, and

1707
01:27:44.479 --> 01:27:47.359
they've never done a financial plan, and this is terrifying.

1708
01:27:47.600 --> 01:27:49.039
I mean, is it ever too late?

1709
01:27:49.520 --> 01:27:51.960
Never? Never? That's a great time too. If you've never

1710
01:27:52.039 --> 01:27:54.680
done anything and you're sixty five, that's a really good

1711
01:27:54.720 --> 01:27:57.279
time to come. And the reason being it sets you

1712
01:27:57.399 --> 01:27:59.720
up for the rest of your life. What we usually

1713
01:27:59.760 --> 01:28:01.439
do tell them you're got a little about ninety five

1714
01:28:01.479 --> 01:28:04.880
years old, okay, because at ninety five, even if you're

1715
01:28:06.359 --> 01:28:08.840
so alive at the end of the day, you're not

1716
01:28:08.880 --> 01:28:11.840
spending that much money. Okay, you're not going on trips,

1717
01:28:11.960 --> 01:28:14.800
you're not going on doing things. You're you and whatever

1718
01:28:14.920 --> 01:28:17.800
health care you need, you got it. So you kind

1719
01:28:17.840 --> 01:28:19.880
of set that up and we always do it on

1720
01:28:19.920 --> 01:28:23.039
a bell curve from your sixties to about seventy five.

1721
01:28:23.159 --> 01:28:25.760
We're thinking seventy five eighty, you spend most of your money.

1722
01:28:26.000 --> 01:28:28.159
If you make it past there, Okay, you're not going

1723
01:28:28.239 --> 01:28:30.680
to spend as much. So we like to uh say, hey,

1724
01:28:30.720 --> 01:28:33.119
you can spend more now and you spend more less later.

1725
01:28:34.159 --> 01:28:36.079
The go go years and the no go years.

1726
01:28:36.279 --> 01:28:37.760
Yeah, well it's fun. I mean, you know, you know,

1727
01:28:37.840 --> 01:28:39.880
and then you know. Obviously if you're younger like yourself,

1728
01:28:40.279 --> 01:28:42.079
you want to do things with your children and stuff

1729
01:28:42.159 --> 01:28:44.319
like that, and that comes into part of the play

1730
01:28:44.359 --> 01:28:45.800
and how much you can do it and still put

1731
01:28:45.840 --> 01:28:47.720
money away. I tell people, if you are at least

1732
01:28:47.720 --> 01:28:49.960
putting the maximum way in your fall one K plans,

1733
01:28:50.760 --> 01:28:52.520
that will take care of you down the road and

1734
01:28:52.560 --> 01:28:55.000
then when you when you when you're because I do

1735
01:28:55.199 --> 01:28:59.199
believe that doing things with your children and making memories

1736
01:29:00.000 --> 01:29:01.680
I'm more important on how much money you're going to have.

1737
01:29:01.720 --> 01:29:05.479
Later on one on that over. It took a commercial break,

1738
01:29:05.600 --> 01:29:07.680
and that number on your screen is five two zero

1739
01:29:07.800 --> 01:29:10.960
five four four four nine zero nine. We will talk

1740
01:29:11.000 --> 01:29:13.079
to you about making your financial plan. And this is

1741
01:29:13.159 --> 01:29:15.680
not just a plan that we set it and forget it.

1742
01:29:15.760 --> 01:29:18.560
This is something ongoing. It's individualized to you and it's

1743
01:29:18.800 --> 01:29:20.920
our gift to you for listening to Dean and I

1744
01:29:21.439 --> 01:29:23.920
rattle on about all these crazy money matters. We'll see

1745
01:29:23.960 --> 01:29:25.960
you in a few minutes. Hello, and welcome back to

1746
01:29:26.039 --> 01:29:28.680
money matters. I'm Sarah Peterson here with Dean Greenberg of

1747
01:29:28.720 --> 01:29:31.880
Greenberg Financial Group and Dean before the break, we were

1748
01:29:31.960 --> 01:29:36.159
talking about tariffs and how this is going to impact

1749
01:29:36.319 --> 01:29:39.159
us as individuals and our financial planning. And we did

1750
01:29:39.279 --> 01:29:43.239
have a question from somebody asking if you could explain

1751
01:29:43.439 --> 01:29:46.039
the tariffs and how it will affect us and will

1752
01:29:46.079 --> 01:29:48.279
it raise prices on everyday items.

1753
01:29:48.960 --> 01:29:51.359
Well, first of all, you know, all you hear is

1754
01:29:51.399 --> 01:29:53.520
Taris's attacks. We're going to have inflation. We're going to

1755
01:29:53.560 --> 01:29:55.560
have this. Everyone's worried about that now, but they weren't

1756
01:29:55.560 --> 01:29:57.920
worried about it the last four years, where we're having

1757
01:29:57.960 --> 01:30:02.359
a place she and nothing was being done. Tariffs are

1758
01:30:02.439 --> 01:30:07.079
going to make some products more expensive until there's a

1759
01:30:07.239 --> 01:30:10.199
deal done, however, is what they try to tell people.

1760
01:30:11.600 --> 01:30:16.560
We as Americans are very spoiled. If our favorite product

1761
01:30:17.520 --> 01:30:20.199
is costing us too much money, we're going to get

1762
01:30:20.239 --> 01:30:24.760
the same type of product from something else. It's called generic, right,

1763
01:30:26.319 --> 01:30:29.079
There are generics that we can get that might be

1764
01:30:29.239 --> 01:30:32.960
the Costco brand or or you know, the Walmart brand

1765
01:30:33.439 --> 01:30:35.079
that we don't have to get the others, and maybe

1766
01:30:35.119 --> 01:30:38.039
it's being made differently. So if they're all going up

1767
01:30:38.079 --> 01:30:41.199
in price, unless it's something you need, we will get

1768
01:30:41.199 --> 01:30:44.600
away from being a consumer of wants and will become

1769
01:30:44.640 --> 01:30:47.720
a consumer of needs. So if you love steak all

1770
01:30:47.760 --> 01:30:52.039
the time, and since price of steak goes up, you

1771
01:30:52.199 --> 01:30:55.960
might more and more people will stop eating steak supplied demand,

1772
01:30:56.560 --> 01:31:01.159
you'll start eating hamburger because it's cheaper. What people eat hamburger.

1773
01:31:01.479 --> 01:31:04.800
The steak because there's so much supply is gonna come

1774
01:31:04.840 --> 01:31:08.439
down in price. So now what stake and hamburger at

1775
01:31:08.479 --> 01:31:10.600
the same price, what are you gonna do. You're gonna

1776
01:31:10.600 --> 01:31:13.319
switch back to steak now hamburg is gonna come down.

1777
01:31:14.039 --> 01:31:17.119
We are going to see prices eventually come down because

1778
01:31:17.199 --> 01:31:20.239
of tirism, not go up because of supply demand and

1779
01:31:20.319 --> 01:31:24.720
the things that we need we need. I mean what companies.

1780
01:31:24.880 --> 01:31:28.359
Most companies do, and they're very smart. They get ahead

1781
01:31:28.399 --> 01:31:30.479
of the game. That's probably a three to six month

1782
01:31:30.600 --> 01:31:34.000
problem that we have. All right, there'll be a slowdown,

1783
01:31:34.359 --> 01:31:36.079
there'll be a recession. What is that going to do.

1784
01:31:37.159 --> 01:31:39.520
That's gonna bring a slower down. The Fed's gonna be

1785
01:31:39.560 --> 01:31:42.520
able to lower interest rates. That's gonna help the housing market.

1786
01:31:43.039 --> 01:31:46.239
We have waited so long for interest rates to come down.

1787
01:31:46.560 --> 01:31:49.119
The only way the interest rates come down is if

1788
01:31:49.159 --> 01:31:51.680
we have a situation when we have a slow down.

1789
01:31:52.319 --> 01:31:55.920
They were trying to lower interest rates into a good economy.

1790
01:31:56.359 --> 01:31:59.199
And the reason economy was good was the government can

1791
01:32:00.279 --> 01:32:02.439
increasing jobs, having.

1792
01:32:02.319 --> 01:32:04.439
More hiring, more, hiring, more, hiring more.

1793
01:32:04.800 --> 01:32:07.159
We don't need all those we're getting rid of government jobs.

1794
01:32:07.640 --> 01:32:11.920
We're getting more efficient and we're getting more productive. That's

1795
01:32:11.960 --> 01:32:14.600
what companies do. We need to run the government that way.

1796
01:32:14.920 --> 01:32:17.960
That means you'll have more people for the workforce to

1797
01:32:18.079 --> 01:32:20.560
do other things. And as we build up become more

1798
01:32:20.600 --> 01:32:24.439
of a manufacturing a country, we will not have to

1799
01:32:24.520 --> 01:32:28.159
sit around and wait for problems to arise. And then

1800
01:32:28.199 --> 01:32:31.439
we can't get an ie the pandemic when we couldn't

1801
01:32:31.479 --> 01:32:34.880
get medical supplies that we needed. All right, there will

1802
01:32:34.920 --> 01:32:36.920
be a deal with Canada with the word and stuff

1803
01:32:36.960 --> 01:32:39.600
and the still well, our friends will will make deals

1804
01:32:39.640 --> 01:32:41.640
because it's going to hurt them more than us. But

1805
01:32:41.760 --> 01:32:43.560
in the front that's going to so we're going to

1806
01:32:43.800 --> 01:32:46.520
do other stuff that we need. That's all. That's what's

1807
01:32:46.560 --> 01:32:48.920
going to happen. And the markets might get hit a

1808
01:32:48.960 --> 01:32:51.039
little bit mitigate risk, but I don't think they're going

1809
01:32:51.079 --> 01:32:52.439
to get hit that much. I think you're going to

1810
01:32:52.760 --> 01:32:55.720
see them probably bounce over the next six months and

1811
01:32:55.760 --> 01:32:57.479
then everyone's going to say why is it going down?

1812
01:32:58.560 --> 01:33:01.279
Just makes me want to start a farm in my backyard,

1813
01:33:01.560 --> 01:33:06.039
grow my own you know, vegetables and have chickens because

1814
01:33:06.079 --> 01:33:06.840
you can't get eggs.

1815
01:33:06.920 --> 01:33:09.880
Like you say that people are doing that now. I know, okay,

1816
01:33:10.319 --> 01:33:12.520
you know my wife, for instance, I had more time,

1817
01:33:12.600 --> 01:33:15.720
I would be I mean, salad is lettuce, this is

1818
01:33:15.760 --> 01:33:18.840
our tomatoes, these are things. Everything is coming up.

1819
01:33:18.840 --> 01:33:20.960
I mean, but what's better than being self reliant at

1820
01:33:20.960 --> 01:33:23.600
the end of the day, and that's healthy, healthier.

1821
01:33:24.199 --> 01:33:27.119
We're going towards that side too, right, now maybe we

1822
01:33:27.199 --> 01:33:30.399
will use our agriculture more in the United States instead

1823
01:33:30.399 --> 01:33:32.399
of sending it out so much. I don't think we

1824
01:33:32.520 --> 01:33:34.960
use our agriculture here. We bring it in because everybody

1825
01:33:35.079 --> 01:33:37.800
says I want cheap stuff. Well, you can't have it

1826
01:33:37.880 --> 01:33:41.039
both ways, okay, And that what's gonna happen is you're

1827
01:33:41.039 --> 01:33:43.439
gonna make more money in your trates are gonna come down,

1828
01:33:43.640 --> 01:33:46.600
You're gonna get lower, lower in taxes. And the idea

1829
01:33:46.720 --> 01:33:48.800
is it's not for the billionaires there are with that

1830
01:33:48.880 --> 01:33:51.199
many billionaires. You know how many billionaires as well? How

1831
01:33:51.239 --> 01:33:54.720
many less than a thousand in the country in the

1832
01:33:54.840 --> 01:33:56.880
United States. And the reason I know that I asked

1833
01:33:56.880 --> 01:33:59.600
Alexa was just sitting there one night, Alexa, how many

1834
01:34:00.439 --> 01:34:02.680
in twenty twenty three there was seven hundred and fifty.

1835
01:34:02.840 --> 01:34:05.199
I'm assuming there's more now less than a thousand.

1836
01:34:05.279 --> 01:34:05.439
Though.

1837
01:34:05.720 --> 01:34:09.520
Billionaires they that's all they ever talk about. The billionaires

1838
01:34:09.560 --> 01:34:11.800
don't care about taxes. They don't get tax they're in

1839
01:34:11.880 --> 01:34:15.079
real estate. Until you change the rules on real estate,

1840
01:34:15.399 --> 01:34:17.960
billionaires will always be able to have tax deductions.

1841
01:34:19.039 --> 01:34:21.760
Well, look good for those billionaires, but the rest of

1842
01:34:21.880 --> 01:34:24.840
us just are looking at trying to plan so that

1843
01:34:24.960 --> 01:34:28.520
we can enjoy our retirement and take the fear factor

1844
01:34:28.560 --> 01:34:30.760
out of it. Yes, there is a lot of change,

1845
01:34:30.840 --> 01:34:33.439
and that change, to your point, it's not necessarily chaos.

1846
01:34:33.600 --> 01:34:35.880
It's just change, and we've got to get used to that.

1847
01:34:36.319 --> 01:34:38.800
But if we have a plan, then we can adjust

1848
01:34:38.840 --> 01:34:39.640
it accordingly.

1849
01:34:39.880 --> 01:34:44.600
One hundred percent. High salaries, low energy prices, low inflation,

1850
01:34:45.000 --> 01:34:47.279
lower interest rates. Everyone benefits.

1851
01:34:47.680 --> 01:34:49.720
I think you should be president. Sounds like a great world.

1852
01:34:50.119 --> 01:34:50.720
I'm excited.

1853
01:34:50.960 --> 01:34:53.319
Well, I'm not going to be president. I am going

1854
01:34:53.399 --> 01:34:56.840
to go ahead and help people do navigate. Navigate what's

1855
01:34:56.880 --> 01:34:57.199
going on.

1856
01:34:57.680 --> 01:35:00.199
You know, put it out there, don't say it, you're

1857
01:35:00.199 --> 01:35:03.640
absolutely sure. Listen, we always learn so much.

1858
01:35:03.760 --> 01:35:05.640
One thing not old enough to be president.

1859
01:35:08.039 --> 01:35:10.560
Enough said. One thing I love about you is how

1860
01:35:10.640 --> 01:35:12.520
much you educate us. Like I said, this is something

1861
01:35:12.560 --> 01:35:14.640
we should all learn in school, and we don't. But

1862
01:35:14.760 --> 01:35:17.960
the reality is is that I don't think any decisions

1863
01:35:18.000 --> 01:35:21.039
in life or ever made well if made with fear. Right.

1864
01:35:21.399 --> 01:35:24.079
Information is power, and having a plan is having that

1865
01:35:24.239 --> 01:35:25.840
information and.

1866
01:35:25.920 --> 01:35:28.880
Having it done for free. I know everyone says there's

1867
01:35:28.920 --> 01:35:30.640
no free Linton, there isn't. We give you the plan,

1868
01:35:30.960 --> 01:35:32.800
we don't hide it, we don't tell you you have

1869
01:35:32.880 --> 01:35:34.680
to come do business with us. We don't do that.

1870
01:35:35.000 --> 01:35:37.720
Here it is, here's our suggestions. You decide if you

1871
01:35:37.760 --> 01:35:38.159
want to call it.

1872
01:35:38.319 --> 01:35:40.199
Yeah, because you could be charging thousands of dollars or

1873
01:35:40.239 --> 01:35:41.640
more for all you could, but we don't.

1874
01:35:41.880 --> 01:35:43.840
We don't. Well, that's because it's a way to give back.

1875
01:35:44.119 --> 01:35:46.000
Yes, we get back to you for sitting here and

1876
01:35:46.039 --> 01:35:47.800
listening to us, and we're so grateful for you. We

1877
01:35:47.840 --> 01:35:50.279
hope you'll join us on the next money matters because

1878
01:35:50.279 --> 01:35:53.119
we surely do enjoy having you. Five two zero five

1879
01:35:53.159 --> 01:35:55.920
four four four nine zero nine, and we'll see you soon.