Speaker 1: This is Financial Issues, where we help you defund darkness
Speaker 1: and fund the light by investing with biblical integrity. Folks,
Speaker 1: great to have you on this winning Wednesday. Also, if
Speaker 1: you missed Mark's commentary this past week, which if you're
Speaker 1: not a partner, you certainly did, and you should become one,
Speaker 1: and then you can get that commentary. We'll give you
Speaker 1: a little sneak peek behind the curtain, though. Glad to
Speaker 1: do that for you, folks. I'm Seth Udinski. Sam Case
Speaker 1: is in the control room. And your host, Mark Manilla,
Speaker 1: is here with us today as well.
Speaker 2: Mark, good morning, brother.
Speaker 3: Welcome to Winning Wednesday.
Speaker 2: It's a good day.
Speaker 1: Good to experience some wins here in the middle of
Speaker 1: the week, brother. Hey, the phone's 610-363-1110, folks. Give us
Speaker 1: a call. We'd love to hear from you. We'll get
Speaker 1: to Winning Wednesday in just a moment, guys. First and foremost, though,
Speaker 1: our topic of the day, I'd like to read a
Speaker 1: quote for you guys out of context and then explain
Speaker 1: what it is.
Speaker 2: The quote is this. It's the best way to quote something.
Speaker 1: Thank you, Sam. And remember, you do not have to
Speaker 1: own something in every sector just because it's there. Now,
Speaker 1: that quote is from Mark's weekly commentary from this past week,
Speaker 1: of course. You should read it if you're a partner.
Speaker 1: You should check it out. Carries a great deal of wisdom, guys,
Speaker 1: for the faithful steward as we seek to honor God
Speaker 1: with our money. Mark, it does beg the question. If
Speaker 1: I have a large choice of sectors to invest in
Speaker 1: and I'm not invested in every one of those, should
Speaker 1: I be? Should I bite at every chance? So, Mark,
Speaker 1: can you help us navigate this? How should we prioritize
Speaker 1: which sectors to invest in if we have a large choice?
Speaker 4: Well, first of all, diversification does not mean we're required
Speaker 4: to own all 11 sectors or 10 or 12 or 10.
Speaker 4: depending on how you divide up sectors. So my approach
Speaker 4: is much simpler. If we have a buy rated companies
Speaker 4: on the FISM buy list and in that sector, you're
Speaker 4: welcome to be in that sector. If we don't, you
Speaker 4: don't have to be. It simplifies it. Oftentimes when we
Speaker 4: don't have it in that sector, it's because we can't
Speaker 4: find anything worthy at that point.
Speaker 3: So if we.
Speaker 4: Can't find companies that need buy that meet our standards,
Speaker 4: I'm perfectly comfortable with leaving that sector empty. So I
Speaker 4: don't believe we have to own every sector is the
Speaker 4: bottom line. My basic rule is straightforward. Again, if there
Speaker 4: are buy rated companies on the FIS and buy list
Speaker 4: in that sector, then I'm comfortable investing in that sector.
Speaker 4: What we're looking for is strong companies first above everything else.
Speaker 4: We're not filling boxes on an asset allocation chart just.
Speaker 3: Because the boxes exist.
Speaker 4: Remember, this is to guide us in helping us find
Speaker 4: great stocks for you. The idea of sector analysis is
Speaker 4: to help us find the stronger sectors. Just because a
Speaker 4: sector isn't strong at this time doesn't mean there won't
Speaker 4: be a stock or two in it. Or just because
Speaker 4: it is strong doesn't mean there's a stock in there
Speaker 4: that's not way overvalued or that has the financial issues
Speaker 4: still we need. So if we can't find a company
Speaker 4: that meets our biblical standards or fits our needs, what
Speaker 4: I believe is a financial issues investment personality, which means
Speaker 4: it has the fundamentals we want as well as the
Speaker 4: potential and at an attractive value, then I'd rather just
Speaker 4: leave that sector empty until we are able to find
Speaker 4: those kind of stocks that fit a very strong, a
Speaker 4: very positive growth portfolio.
Speaker 5: Yeah.
Speaker 1: You know, Mark, I gotta say there, there are times
Speaker 1: where sometimes I feel like if I don't have money
Speaker 1: that is actively being put to work right now, if
Speaker 1: it's sending in my money market account that I'm wasting
Speaker 1: time and I'm wasting the money. But what I'm hearing
Speaker 1: you say is sometimes that's the wise thing to do.
Speaker 1: If there's not an option available, there's no harm in that,
Speaker 1: in that money sitting in cash, especially if it's in
Speaker 1: a money market account, it's making 3% while you're waiting
Speaker 1: for more sectors to rotate into favor. Am I understanding
Speaker 1: that correctly?
Speaker 5: Um, No.
Speaker 2: Okay.
Speaker 1: Could you explain?
Speaker 4: Actually, sitting in cash is one place it could go,
Speaker 4: but it also could be divided among the other sectors.
Speaker 4: It could be put to work. Diversification. You know, one
Speaker 4: time I was talking with a musician. A musician friend
Speaker 4: and I were talking about music, and something came up,
Speaker 4: and I said, theoretically, music, talking about music theory, that
Speaker 4: progression doesn't work, but it sounds so good. And he
Speaker 4: looked at me and he said, theory explains the music.
Speaker 4: Music doesn't follow the theory. And the whole idea of sectors,
Speaker 4: of analyzing sectors and having diversification in multiple sectors is
Speaker 4: a way to reduce risk, but it shouldn't force you
Speaker 4: into more risk by having you invest in weak stocks.
Speaker 4: So when sectors go weak and the majority of stocks
Speaker 4: in those go weak, there's no reason to be in there.
Speaker 4: Let's follow the strength and put more money in the
Speaker 4: other sectors. Or it could be in cash if everything's
Speaker 4: overvalued or if everything's getting kind of weak. So, you know,
Speaker 4: there's weak sectors all the time and there's strong sectors.
Speaker 4: There's very few times that I've seen all the sectors
Speaker 4: that we follow the way we've divided it up that
Speaker 4: are all really strong. There are times and I can't
Speaker 4: ever remember a period outside of for a week or
Speaker 4: a few days that all sectors look bad.
Speaker 6: Your comment about the music reminds me of that famous quote, why, yes,
Speaker 6: it works in practice, but does it work in theory?
Speaker 2: Very important.
Speaker 6: So one of my questions, though, is we have a
Speaker 6: couple of weak sectors right now, and it doesn't mean
Speaker 6: there's necessarily no buys in there, but what are the
Speaker 6: weakest sectors at this moment, and why are they weak?
Speaker 4: What a weak sector is, the way I rank them,
Speaker 4: let's go there. That's really important. I look at the
Speaker 4: different sectors, look at the holdings, the securities in those sectors.
Speaker 4: Usually I find something to represent that sector in general,
Speaker 4: like an ETF that just buys all of the stocks
Speaker 4: in that sector.
Speaker 3: And what I'll do is I'll.
Speaker 4: Compare that ETF with an ETF in the other sector
Speaker 4: and actually in all the other sectors. So it's a
Speaker 4: relative strength formula that I use to figure out which
Speaker 4: sectors are strong and which sectors are weak. which ones
Speaker 4: are rising faster than the others, and which ones are
Speaker 4: falling slower or falling.
Speaker 3: Faster than the others.
Speaker 4: Right now, consumer staples, consumer discretionary, and real estate are
Speaker 4: what I would call unfavored. They're the bottom three of
Speaker 4: all the relative strength measurements right now. So that doesn't
Speaker 4: mean there's nothing in there. I have some real estate
Speaker 4: in my portfolio. because there are some good stocks in these.
Speaker 4: And again, remember, just because they're the weakest doesn't mean
Speaker 4: every stock in there is weak. It just means a
Speaker 4: lot of the stocks or the securities in there are
Speaker 4: weaker than, say, technology right now.
Speaker 3: So, yeah.
Speaker 4: Consumer discretionary is one of the weaker ones. You know,
Speaker 4: customers are becoming much more selective about where they spend
Speaker 4: their money. That makes sense, especially when you have Interest
Speaker 4: rates that people are uncomfortable with and the markets are
Speaker 4: a little bit, you know, the economy right now is
Speaker 4: going through a bit of a transition as this administration
Speaker 4: tries to strengthen it and win a war at the
Speaker 4: same time and balance those two. So people are waking
Speaker 4: up and being a little more careful. So it's harder
Speaker 4: to find strong stocks in the discretionary. In the staples,
Speaker 4: they're slower earnings growth and difficulty passing stocks. additional price
Speaker 4: increases from things like tariffs, from things like waiting for
Speaker 4: the manufacturing to come back to the U.S. As they're
Speaker 4: building the factories, they're not here yet as they're building them.
Speaker 4: And real estate, well, I think that we're just going
Speaker 4: through that cycle. Real estate remains very sensitive to interest
Speaker 4: rate and financing costs.
Speaker 3: That's true. That's not the only reason.
Speaker 4: We also have constructions that have fallen behind. There's all
Speaker 4: sorts of things. So those three seem a little weak.
Speaker 4: And as such, we probably don't have enough choices in
Speaker 4: there for everybody to say I'm very comfortable with this.
Speaker 4: That doesn't mean that money shouldn't be deployed at this time.
Speaker 4: The markets are still strong. So I believe that you
Speaker 4: would deploy that elsewhere, Seth, instead of just sticking in cash. However,
Speaker 4: as time goes on here, I'm seeing more and more weaknesses,
Speaker 4: little cracks in the market that I might change my
Speaker 4: mind and start saying, well, There isn't anything in this
Speaker 4: sector or there's very little, if you need to, uh,
Speaker 4: if you have money available that you wanted to put there,
Speaker 4: it might be good in cash or a fixed income,
Speaker 4: you know, like the Timothy plan, uh, fixed income ETF.
Speaker 5: Yeah.
Speaker 1: It makes sense. Mark. Yep. 6, 10, 3, 6, 3, 11, 10. Uh, Mark,
Speaker 1: what are some of the ways that we can identify
Speaker 1: strong sectors? Other than listening to the show, of course,
Speaker 1: and hearing what you have to say.
Speaker 3: Well, that's the best way, Seth.
Speaker 4: This is one of the reasons I spend a lot
Speaker 4: of time discussing sectors during the monthly partner call. I'll
Speaker 4: also address significant changes periodically in the Christian Investors Weekly Commentary.
Speaker 3: Those are two areas where you could get that. You
Speaker 3: can go out to almost.
Speaker 4: Any financial investment site and they'll have their sectors and
Speaker 4: how they rank them and stuff like that as well.
Speaker 4: I don't really expect the average investor to spend every
Speaker 4: day tracking relative strength in sectors or studying.
Speaker 3: Earning revisions or comparing. valuations. That's not what they want
Speaker 3: to do.
Speaker 4: That's why they want somebody like financial issues to go in,
Speaker 4: figure out, does this company, is it biblically responsible? Does
Speaker 4: it have the financial issues still we want? And does
Speaker 4: it have the potential we want? Having somebody else do
Speaker 4: that and then dividing that up into the sectors and
Speaker 4: doing that work for you is a real blessing, especially
Speaker 4: since it's not costing $ 1, 800 or $ 1, 300. are $ 4, 000 a year,
Speaker 4: but just $ 132 a year. That's why we do it
Speaker 4: for you, to take that off of you, because that
Speaker 4: is a lot of work if you want to do
Speaker 4: it yourself.
Speaker 3: But if you want to, we'll help you learn how
Speaker 3: to do that as well. The number here is 610-363-1110.
Speaker 5: 610-363-1110.
Speaker 1: 610-363-1110. Folks, listen, I can't emphasize this enough. Mark's commentary
Speaker 1: is such a good resource for you, and that's why
Speaker 1: you need to become a partner if you're not one.
Speaker 1: For those partners, though, please make sure that you have
Speaker 1: access to the commentary page. We send alerts out so
Speaker 1: you know that that commentary is posted, but nonetheless, great
Speaker 1: to save that commentary page maybe on your favorites on
Speaker 1: your internet browser there on the back end of the
Speaker 1: partner website. It'd be a great thing for you to do.
Speaker 1: There's a lot of great wisdom in there for sure.
Speaker 6: Let's jump back to that conversation, though, because I just
Speaker 6: want to know, I'm sure people are thinking, hey, Mark,
Speaker 6: this makes a lot of sense. You don't necessarily buy
Speaker 6: into a sector just because it's there. But what if
Speaker 6: multiple sectors are weak at one time? Isn't that going
Speaker 6: to leave big gaps in my diversification?
Speaker 3: Well, it could, yes, under ordinary conditions, perhaps.
Speaker 4: But, you know, there's always two or three sectors, almost
Speaker 4: always two or three sectors that are weak or what
Speaker 4: I call unfavored anyway. They're the bottom two or three
Speaker 4: of the sector relative strength comparison. So so it really
Speaker 4: doesn't concern me if weakness were to spread until the
Speaker 4: majority of sectors became unfavored, then we should probably be,
Speaker 4: we're probably dealing with a really, uh, weaker overall market.
Speaker 4: And at that point, uh, I'd already be thinking or
Speaker 4: discussing raising cash and reducing portfolio risk that way. The
Speaker 4: diversification equation would change. I know that might confuse some people.
Speaker 4: So let me take a second with this. If you're
Speaker 4: in a sailboat and you're out on the sea and
Speaker 4: it's just a nice, smooth, easy breeze, you have full
Speaker 4: sails up in a sailboat and you're cruising along. If
Speaker 4: the wind comes up and the waves start breaking, you
Speaker 4: pull those sheets down.
Speaker 3: You bring them down.
Speaker 4: You now start running on your motor that you have
Speaker 4: in the boat because if you kept your sheets up,
Speaker 4: it would toss your boat upside down. Under different conditions
Speaker 4: in the market, different things come into play. Asset allocation
Speaker 4: is there so when When there is movement in the market,
Speaker 4: such as moving from, as we're seeing in the last
Speaker 4: month or so, moving from technology into things like finance
Speaker 4: and industrials and industrial metals, things like that, you're already
Speaker 4: there with some stocks. It's receiving the money coming in there,
Speaker 4: pushing that up. As this sector goes down, these are
Speaker 4: coming up, and it's balancing out. That's the whole idea
Speaker 4: of how sector allocation works. When there are little to
Speaker 4: no sectors that are working, it is best to move
Speaker 4: to a safe haven.
Speaker 3: And that's when we start talking about dry powder.
Speaker 4: If you're selling something, maybe it's just put in cash
Speaker 4: or a fixed income or something like that. So the
Speaker 4: diversification equation would change in that sense. Instead of saying,
Speaker 4: I need exposure to every sector, we'd be saying, I
Speaker 4: need less overall exposure to risk and moving it to
Speaker 4: a safer, safe money position at that time.
Speaker 3: Did that help, Sam?
Speaker 1: I think it does.
Speaker 6: Just knowing that you're not going to have all these
Speaker 6: massive holes in your diversification, I think is helpful for people.
Speaker 6: It resists that temptation that you're just going to have
Speaker 6: to put a square hole in a round peg just
Speaker 6: because you have a round peg.
Speaker 4: Yeah. Sometimes proper diversification means diversifying away from risk, not
Speaker 4: merely spreading your money among 11 equity sectors to help
Speaker 4: reduce risk.
Speaker 1: Yeah.
Speaker 2: Makes a lot of sense.
Speaker 1: Mark, that leads to this question then. How do we
Speaker 1: keep a sound mind in tempering the innate desire? And
Speaker 1: I think all of us have this. We want to
Speaker 1: snatch up positions in as many sectors as we can.
Speaker 1: But how do we temper that desire so that we're
Speaker 1: not just jumping into every sector that might be available
Speaker 1: to us?
Speaker 3: Well, keeping a sound mind is easier for some than others.
Speaker 3: Let me just say that.
Speaker 4: I'm not saying anything about the question or the questioner.
Speaker 2: He's really talking about me.
Speaker 1: This isn't a social security conversation.
Speaker 3: I know that now. All right.
Speaker 4: Start remembering the key question or the key way to
Speaker 4: do this. Start remembering that activity is not the same
Speaker 4: thing as stewardship. You don't receive extra credit in investing
Speaker 4: for owning more stocks or more sectors. Every investment should
Speaker 4: earn its place in your portfolio. Ask, does this align
Speaker 4: with biblical integrity? Does it fit my investment personality? Do
Speaker 4: I understand why I own it? Is it fundamentally strong?
Speaker 4: Does it have potential? Does this improve my portfolio? If
Speaker 4: the answer is no to these, there's nothing wrong with
Speaker 4: keeping that money available for better opportunity.
Speaker 3: Guess what? You've heard about, you know, you missed the
Speaker 3: boat on this one. Guess what?
Speaker 4: The boats are lined out like the Hormuz boats. channel
Speaker 4: there just waiting to get through. There's always another opportunity
Speaker 4: coming in the market. Don't worry about it. If you
Speaker 4: missed one or you're not in all sectors or you
Speaker 4: can't find something there, just wait.
Speaker 3: There'll be something coming along.
Speaker 2: You're not missing the last helicopter out of Vietnam. It's
Speaker 2: not happening.
Speaker 3: That's a good way to say it, Sam.
Speaker 4: You know, and also remember 2 Timothy 1.7, for God
Speaker 4: has not given us a spirit of fear, but of power,
Speaker 4: of love.
Speaker 3: And of a sound mind.
Speaker 4: So keeping a sound mind means turning to God, realizing
Speaker 4: we're a steward, we're not a day trader. Our goal
Speaker 4: here on earth is not to accumulate the most money possible,
Speaker 4: just to do the best we can with what God
Speaker 4: has entrusted to us, and then leave the impact of
Speaker 4: that to him.
Speaker 3: Very good.
Speaker 6: One last question here. How long do sectors remain out
Speaker 6: of favor? Is there a typical cycling time, or does
Speaker 6: it kind of depend?
Speaker 3: There really isn't. There's no reliable timetable.
Speaker 4: I tried looking at that many, many years ago, see
Speaker 4: what kind of cycles there were, but I've seen from
Speaker 4: several months through an entire economic cycle to several days
Speaker 4: or even occasionally for years, and I could not find
Speaker 4: any rhyme or reason in it outside of That's the
Speaker 4: way the markets win. So I don't look at sectors
Speaker 4: as being cyclical in and of themselves of how long
Speaker 4: they remain in favor or not in favor.
Speaker 3: Anything can trigger it. That's the issue. Anything from from
Speaker 3: politics to economic conditions.
Speaker 4: To just meme stocks it can it anything could could
Speaker 4: change that sector remember if you get two or three
Speaker 4: meme stocks in one sector and they go through the
Speaker 4: ceiling that sector is going to change its position very
Speaker 4: quickly and then it's going to drop very quickly again
Speaker 4: too so Almost anything can change them. So we have
Speaker 4: to be careful about about chasing them. That's why we
Speaker 4: use diversification to begin with. But we also use our
Speaker 4: mind that says, OK, look, it looks like seven out
Speaker 4: of 11 are really weak. And the stocks in there
Speaker 4: are either overvalued or weak stocks. So let's start positioning
Speaker 4: our portfolio to to avoid the risk instead of just
Speaker 4: diversify it. That's the choices we have there.
Speaker 6: It seems like another example, you can't time the market,
Speaker 6: you can't time the sector rotations.
Speaker 4: Right, right.
Speaker 1: Yeah, good stuff, guys. Mark, thanks for your insight on that. Folks, listen,
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Speaker 1: Yeah amen mark Honored to do it, folks.
Speaker 5: 610-363-1110.
Speaker 1: That is the number to call in here, folks. Mark,
Speaker 1: I'd love to give Jeffrey his due here with this question.
Speaker 1: So I think we might save Jeffrey's question for the
Speaker 1: other side of the break. But before we get to
Speaker 1: the end of this segment here, the markets yesterday did
Speaker 1: pretty well. It was a good day overall. The Dow
Speaker 1: Jones ended up up a third. Same with the S
Speaker 1: & P 500. The Nasdaq was up about two thirds
Speaker 1: of a percent and the Russell 2000 was up about
Speaker 1: half a percent. Unfortunately, this morning, Mark, everything's somewhat in
Speaker 1: the red this morning.
Speaker 2: What goes up must go down.
Speaker 1: Exactly. That's the way it goes.
Speaker 3: Yeah, when I got up, it looked much better. I
Speaker 3: don't know what's going on.
Speaker 5: It's you.
Speaker 2: You got up. I got scared.
Speaker 1: But again, Mark, I mean, oil is down as well,
Speaker 1: so that's certainly good. There is a hope that there
Speaker 1: is a possible deal in Iran, but there's been.
Speaker 3: A hope for a deal pretty much ever since the
Speaker 3: war began. He just said that out loud. It's ridiculous.
Speaker 1: I mean, what else can you say but just laugh
Speaker 1: at this? You know, the question we've all been asking.
Speaker 4: The Senate did have a talk yesterday that went out
Speaker 4: on the air that very few people actually probably heard
Speaker 4: because the different mainstream news refused to carry it, but
Speaker 4: he talked about the economic war we're in with Iran
Speaker 4: and how we are launching the biggest part of it
Speaker 4: and how Trump himself has been calling leaders around the
Speaker 4: world and letting them know, you're either with us on
Speaker 4: this or you're against us. If you're with us, you'll
Speaker 4: share in the prosperity of America. If you're not, then
Speaker 4: you're with Iran. So it sounds like they're really amping
Speaker 4: up the economic restrictions that They're cutting off Iran from
Speaker 4: the rest of the world, and I think they're already
Speaker 4: feeling that.
Speaker 3: That's why they're.
Speaker 4: Starting to talk a little bit more seriously about getting
Speaker 4: something done.
Speaker 1: Yeah, good to hear that, folks, for sure. Hey, once again,
Speaker 1: the number to call is 610-363-1110. You can visit us
Speaker 1: at financialissues.org. Make sure to go to financialissues.org slash watch
Speaker 1: as well, folks. That's the place to watch the show.
Speaker 1: You can also watch Stewardship Today as well, our brand
Speaker 1: new show. Not as brand new anymore. It's in full
Speaker 1: swing now. But if you've missed any of those episodes,
Speaker 1: go back and watch those at financialissues.org as well.
Speaker 2: It might be new to some people.
Speaker 1: Yeah, there you go.
Speaker 2: If they've not watched it yet.
Speaker 1: Exactly right.
Speaker 3: Yeah, good stuff, and.
Speaker 4: Good stuff on the asset allocation or the sector diversification.
Speaker 4: I think that if I was going to summarize that
Speaker 4: in one line, it would be.
Speaker 3: We don't need every sector.
Speaker 4: What we need is good investments in as many sectors
Speaker 4: as possible.
Speaker 3: Good investments is what the key is here. 610-363-1110.
Speaker 4: If you have to leave us, sorry to see you go,
Speaker 4: but you could stay with us at financialissues.org, financialissues.org.
Speaker 1: Folks, number 610-363-1110. We'd love to hear from you. Give
Speaker 1: us a call, why don't you? Use those vocal cords
Speaker 1: that God has given you. Speaking of that, by the way, folks,
Speaker 1: we did lose a tremendous icon in the American country
Speaker 1: music industry yesterday. Dolly Parton passed away at the age
Speaker 1: of 80, certainly gifted by God with amazing vocal cords.
Speaker 1: And she was a professing Christian, so certainly celebrating her
Speaker 1: eternal life right now. But yeah, definitely a sad one there.
Speaker 1: She was Really just a really, really talented musician.
Speaker 2: American icon.
Speaker 1: Yeah, yeah, really true. So 610-363-1110. Mark, let's get to
Speaker 1: this question here from Carson in Massachusetts. He put this
Speaker 1: in our chat. He's saying, I would much rather buy
Speaker 1: one of the new stocks on the buy list. then
Speaker 1: limit myself to the ideal of the 30 stock maximum
Speaker 1: or so and only buying those same stocks again. The
Speaker 1: 30 I own may be great to continue holding, but
Speaker 1: I want new stocks that may have a better value,
Speaker 1: so I might end up with 100 stocks eventually as
Speaker 1: I buy the best at various times. Does this sound okay?
Speaker 3: On the surface, it does.
Speaker 4: If you can handle 100 stocks and you have a
Speaker 4: portfolio large enough to make those stocks have an impact.
Speaker 4: For example, if you only had $ 1, 000 and you had
Speaker 4: 100 stocks, you know, you don't have $ 10 in each stock.
Speaker 4: The impact from those stocks would not do much for you.
Speaker 4: And it's a lot of juggling to stay up on them.
Speaker 3: Now, I get it.
Speaker 4: You're a financial issues partner. So you get the alerts
Speaker 4: when we go to a sale. Or when we're concerned
Speaker 4: or when we start saying, hey, it's time to start
Speaker 4: trimming back, you can do that. But I'd be very
Speaker 4: concerned about that because you can diversify out to nothing
Speaker 4: where there is no impact from one stock or another
Speaker 4: because they don't have anything. They're so small in the portfolio,
Speaker 4: they can't really move. Now, if you have a $ 10
Speaker 4: million or $ 100 million portfolio and you put 1% in each,
Speaker 4: that's a million dollars in each. So that is impactful.
Speaker 4: As long as you can juggle those, you should be okay.
Speaker 4: The other issue with it is getting over-diversified because oftentimes
Speaker 4: when There are new stocks added to the buy list.
Speaker 4: It's because they're in the industries and the sectors that
Speaker 4: seem to be doing the best because those are the
Speaker 4: stocks that end up with the financial issue, steel, and
Speaker 4: the potential. So you start getting overwhelmed in one sector
Speaker 4: or another. And then like the internet craze or the
Speaker 4: AI craze, when that starts selling off, you end up
Speaker 4: getting hurt more because you have so many stocks in
Speaker 4: there and you're not really.
Speaker 3: Well.
Speaker 4: Diversified, it's just you bought in all the new stocks
Speaker 4: that came on board as these started turning around.
Speaker 3: So you want to be careful. Carson, I'd say if
Speaker 3: he can handle it, go for it.
Speaker 4: Don't become over diversified to the point where you only
Speaker 4: have $ 10 in each stock.
Speaker 3: Trying to just buy the new and exciting ones.
Speaker 4: But it's often a good thing to just list all
Speaker 4: your stocks that you have and then do what I
Speaker 4: call relative strength, where you're checking each one against all
Speaker 4: the others and coming up what are the strongest and
Speaker 4: what are the weakest. And then maybe it makes sense
Speaker 4: to start trimming away the weakest ones and reposition that
Speaker 4: money into some.
Speaker 3: Of the stronger ones.
Speaker 4: And or finding stronger ones than your bottom 25%. That
Speaker 4: way it makes it easier for you to manage your portfolio.
Speaker 4: But if you're comfortable at a hundred, that's between you
Speaker 4: and God.
Speaker 6: Yep.
Speaker 1: Good stuff. Mark Jeffrey's 58. He's asking a good question here.
Speaker 1: He says, I'd like to retire within the next year.
Speaker 1: And of course he has retire in quotes. I'm sure
Speaker 1: he's probably thinking I'll never truly retire, probably move from
Speaker 1: one career to the next. He says, one of the
Speaker 1: reasons I hesitate is I still have a mortgage payment
Speaker 1: and It's one of the largest fixed expenses I have.
Speaker 1: I'm still at least a decade away from paying it off.
Speaker 1: So I'd like to hear your thoughts, Mark, on some
Speaker 1: options I've considered. Should I refinance and reduce the monthly payment?
Speaker 1: Should I pay it off with my savings or my
Speaker 1: IRA funds, or should I just leave it alone? What
Speaker 1: do you think?
Speaker 4: Well, Jeffrey, I look first at the retirement cashflow decision,
Speaker 4: not simply the mortgage decision.
Speaker 3: One of the greatest things.
Speaker 4: You can do, uh, into retirement is reduce the number
Speaker 4: of people who have a claim on your monthly income,
Speaker 4: regain your stewardship.
Speaker 3: That's the goal.
Speaker 4: I like the idea of paying it off, but I'd
Speaker 4: also assume that retiring from your current positions means doesn't
Speaker 4: mean you won't ever earn money again. I mean, to me,
Speaker 4: retirement meant, uh, doing what I really felt called to
Speaker 4: do and not having a responsibility to any longer at
Speaker 4: this point, having being in a position to, uh, move
Speaker 4: into something where I feel I am called to go.
Speaker 3: Like, for example, I'm on, I'm here at financial issues.
Speaker 4: I get to do what I always wanted to do
Speaker 4: and teach stewardship, encourage people to honor God through their finances,
Speaker 4: including their investments.
Speaker 3: Okay.
Speaker 2: So believe it or not, Mark's retired right now by
Speaker 2: doing this show.
Speaker 3: That's right.
Speaker 4: So don't assume retirement means you won't have any more income.
Speaker 4: In fact, I think if you have enough savings to
Speaker 4: pay off the mortgage without destroying your Emergency reserves, I'd
Speaker 4: still ask a very simple question. If you could afford
Speaker 4: to pay it off and there's nothing compelling you not to,
Speaker 4: why wouldn't you want to?
Speaker 3: You know i'd be much more cautious about using.
Speaker 4: The ira money at 58 though because the potential taxes
Speaker 4: in early withdrawal consequences another option is what i was
Speaker 4: just talking about is what i call well i here's
Speaker 4: another option And I call this one the self-destruct.
Speaker 3: Option for a mortgage.
Speaker 4: What you do is you set aside the monies to
Speaker 4: pay off the mortgage, but instead of paying it all
Speaker 4: off right away, in your case, you need some money
Speaker 4: that is not tax sensitive or under regulations from the
Speaker 4: IRS with penalties for the next year or so till
Speaker 4: you hit the age where you can start taking money
Speaker 4: out of it. But you put the money aside, then
Speaker 4: you have your mortgage payment automatically come out of that.
Speaker 3: And then when that runs out, you.
Speaker 4: Move to the IRA because by then you're past the
Speaker 4: penalty stage. So you set your mortgage on self-destruct that way.
Speaker 4: That would be an option as well. So, yeah, I
Speaker 4: think you have a lot of options. But the first
Speaker 4: question I would ask, if you can afford to pay
Speaker 4: it off, is there a compelling reason you would not
Speaker 4: want to at this point? Because you get rid of that,
Speaker 4: you recover all your cash flows. You're now a full
Speaker 4: steward instead of a partial steward for what God has
Speaker 4: entrusted to you. And I think that would be a
Speaker 4: beautiful thing. But any of those above would work. Only
Speaker 4: you would know because we don't have everything about your finances.
Speaker 4: We don't know if you have enough revenue to retire on.
Speaker 4: If you have a pension, are you going to retire
Speaker 4: on just Social Security and therefore you really couldn't afford
Speaker 4: your house?
Speaker 3: So there's a lot we don't have.
Speaker 4: I would review your options and take it before the
Speaker 4: Lord and find out which one you get.
Speaker 3: The most peace out of.
Speaker 1: Absolutely. And Mark, just like you said, looking for a
Speaker 1: compelling reason not to. Perhaps right now, today, August 26, 2026,
Speaker 1: Jeffrey shouldn't pay it off like you mentioned because he's
Speaker 1: still 58. But Jeffrey, if you can wait a year
Speaker 1: until you hit that 59 and a half and you've
Speaker 1: held that traditional IRA might be a different story for you. Mark,
Speaker 1: that's exciting.
Speaker 4: God may simply be moving you from the work you
Speaker 4: have to do to the work you want to do.
Speaker 1: Absolutely. That's great, Mark. 610-363-1110, guys. That's the number to
Speaker 1: call in here. Mark, I'd love to try to squeeze
Speaker 1: in another question here, but we actually do have folks.
Speaker 1: I'm excited to tell you this. Of course, we have
Speaker 1: the weekly Ag Focus every week. Craig Halgard oftentimes will
Speaker 1: come on to our show. I love Craig. Yeah, me too, Mark.
Speaker 1: He's so much fun. He's just delightful. He's just a
Speaker 1: He's crazy in the best way, all the stuff that
Speaker 1: he does. But today's ag is actually quite interesting because
Speaker 1: the topic is less about what's going on in the
Speaker 1: ag futures and different things like that and more about
Speaker 1: some farmer safety protocols. And I find that very fascinating.
Speaker 1: So if you're studious, if you're teachable. Listen to this
Speaker 1: upcoming Agriport. It's going to be a great one. But
Speaker 1: while you're waiting, give us a call. The number 610-363-1110.
Speaker 1: We would love to hear from you. Again, 610-363-1110 as
Speaker 1: the markets opened up all in red territory like we
Speaker 1: talked about earlier, Mark. Agriport coming in, folks. Then we've
Speaker 1: got more financial issues on the other side of this break. Again,
Speaker 1: the number 610-363-1110. Here comes Craig, and then we'll be back.
Speaker 5: This is Craig Haugard with your weekly financial issues ag focus.
Speaker 5: And since it's Farm Safety Week, I'd like to address
Speaker 5: that topic today. Farm Safety Week is an important reminder
Speaker 5: that farming is rewarding work, but remains one of America's
Speaker 5: most hazardous occupations. According to the most recent U.S. Bureau
Speaker 5: of Labor Statistics numbers, agriculture recorded 476 fatal workplace injuries
Speaker 5: in 2024. That's up from the previous number of 453
Speaker 5: in 2023. The National Institute for Occupational Safety and Health
Speaker 5: reports that in 2022, the agricultural industry had a fatal
Speaker 5: injury rate of 18.6 deaths per 100,000 workers, compared to 3.7
Speaker 5: for all other U.S. industries. Non-fatal injuries are also a
Speaker 5: major concern. The National Institute for Occupational Safety and Health
Speaker 5: reports 21,020 agricultural production injuries that required workers to miss
Speaker 5: days of work in the most recent reporting period. 29%
Speaker 5: of them actually were caused by falls. Because many farms
Speaker 5: are family businesses, safety also extends beyond employees. Children and
Speaker 5: other family members can be injured simply by living and
Speaker 5: playing around farm equipment.
Speaker 4: In work areas.
Speaker 5: Farmers can reduce these risks by making safety part of
Speaker 5: every workday. First, equipment should be inspected and maintained regularly.
Speaker 5: Tractors should have properly installed rollover protection structures. Power takeoff shafts, belts,
Speaker 5: and other moving machinery should have guards in place, and
Speaker 5: engines should be shut down before attempting repairs or clearing
Speaker 5: out jams. Grain bins and confined spaces require special precautions.
Speaker 5: Farmers should never enter a grain bin while equipment is
Speaker 5: running or grain is flowing. Make sure to use appropriate
Speaker 5: fall protection and an observer when entry is necessary. Personal
Speaker 5: protection equipment, including hearing protection, eye protection, gloves, respirators, and
Speaker 5: appropriate footwear should be used for tasks that require it. Finally,
Speaker 5: farmers should recognize that fatigue, heat, weather, and rushing can
Speaker 5: turn ordinary jobs into dangerous situations. Take breaks, stay well hydrated,
Speaker 5: and communicate where you're going, and never allow children near.
Speaker 3: Operating machinery or hazardous work areas.
Speaker 5: In the course of my career, I've sadly gone to
Speaker 5: far too many funerals of friends who died in agriculture-related accidents.
Speaker 3: My hope and prayer is that all of.
Speaker 5: Our listeners are engaged in agriculture, that you return home
Speaker 5: safely at the close of each day. Farm Safety Week
Speaker 5: should not be a just once-in-a-year reminder. Every safe decision
Speaker 5: that you make helps ensure that you return home to
Speaker 5: your family at the end of the workday. This has
Speaker 5: been Craig Hallgard with your Financial Issues Ag Focus.
Speaker 7: The opinions and recommendations expressed on this program do not
Speaker 7: necessarily represent the opinions of the station or any of
Speaker 7: the program sponsors. Additionally, all products or services offered by
Speaker 7: the program sponsors may not be known by the program.
Speaker 3: 610-363-1110.
Speaker 1: Folks, hope you enjoyed this week's Ag Update. Mark, we've
Speaker 1: got Bill, 76 years old, asking this question. He says, Hi, Mark.
Speaker 1: We have a $ 100, 000 and a five-month CD with our
Speaker 1: bank that matured on August 20th. We have a 10-day
Speaker 1: grace period in which we can reinvest the money. So
Speaker 1: we're still in that period, Mark. He says, The fund
Speaker 1: income model appears to be a good fit for us.
Speaker 1: I value your insight regarding investing in this model or
Speaker 1: another model. By the way, you, Seth, and Sam, and
Speaker 1: fellow partners... You make the FISM show informative, entertaining, and
Speaker 1: most importantly, God-centered. Thank you, Bill. Thank you for that encouragement.
Speaker 1: What should Bill do, Mark?
Speaker 3: Yeah, Bill, thanks for those kind words. That was nice.
Speaker 4: You know, Bill, I wouldn't let the bank's 10-day grace
Speaker 4: period try and trick you into just renewing a $ 100, 000 CD.
Speaker 4: There's probably not enough incentives in there to make you
Speaker 4: have to– Jump on this or lose the opportunity.
Speaker 3: If there is, I stand corrected, but most likely there's not.
Speaker 4: If you walked into the bank on day 11 with $ 100, 000,
Speaker 4: they'd probably give you the same deal. So don't use
Speaker 4: the closing lines that they use at the bank for that,
Speaker 4: unless there really is some great deal they're going to.
Speaker 3: Do for you on that.
Speaker 2: Get a free toaster.
Speaker 5: Yeah. Yeah.
Speaker 4: So I and you and that'll be available on the
Speaker 4: 11th day as well, I'm sure. So I wouldn't let
Speaker 4: that pressure you. Instead, the bigger question is what role
Speaker 4: this hundred thousand dollar plays in your investment portfolio at 76.
Speaker 4: If you want dependable income. I think you should want
Speaker 4: dependable income, preservation of principle, and relatively modest growth and
Speaker 4: modest volatility in your portfolio at this point. Unless you
Speaker 4: already have plenty of income, then you can lean a
Speaker 4: little more towards growth. But I'd be leaning towards an
Speaker 4: income portfolio. Even an income portfolio has growth in it.
Speaker 4: But I wouldn't automatically rule out some measure of growth
Speaker 4: exposure in it. So most importantly, you don't have to
Speaker 4: invest this $ 100, 000 in the market immediately. You could take it,
Speaker 4: put it in the money market, which would probably be
Speaker 4: very close to a five-month CD, or you could put
Speaker 4: it in a Timothy Plan fixed income type of ETF,
Speaker 4: which you can sell off daily or buy into daily,
Speaker 4: something like that, that hopefully... will have a yield between
Speaker 4: 4% and 6%. So no loss there either from the
Speaker 4: CDs outside of the FDIC insurance on it, the guarantee return,
Speaker 4: because the Timothy plan won't have the guarantee on it.
Speaker 4: So I would just take your time, maybe move it
Speaker 4: into your portfolio, and then take your time finding good investments,
Speaker 4: maybe growth investments, maybe growth investments with a decent yield
Speaker 4: on them as well, a dividend, and take your time
Speaker 4: getting that deployed and invested. It doesn't have to be
Speaker 4: in a week or a month or even three months.
Speaker 4: Take your time doing it. Meanwhile, keep it in some
Speaker 4: place where it's earning some interest in not being lazy money,
Speaker 4: but being active money for you.
Speaker 3: It's great, Mark.
Speaker 1: We've got a question here from William. He's in our
Speaker 1: chat from Mississippi. He's asking, Mark, a specific partner question.
Speaker 1: And I think this is a good reminder that if
Speaker 1: you're not a partner, you can become one at financialissues.org.
Speaker 1: But William's saying, is the best time or entry point
Speaker 1: for a stock when it first goes on the buy list?
Speaker 1: I remember that the advice to sell a stock as
Speaker 1: soon as it goes on the sell list is real.
Speaker 1: So basically, Mark, is the inverse of that true? As
Speaker 1: soon as a stock goes on the buy list, is
Speaker 1: that the best time to buy it?
Speaker 3: Oh, that's a complicated question.
Speaker 4: And I'm going to just simplify it and say, yeah,
Speaker 4: I would think that would be the best time.
Speaker 3: There's a reason why it's going on the buy list
Speaker 3: at this time.
Speaker 4: It In general, it probably reached a point to where
Speaker 4: we're saying, hey, this is.
Speaker 3: A buy now.
Speaker 4: In fact, I'd hate to think that we move the
Speaker 4: markets because then we'd be in trouble. But when people
Speaker 4: start finding stocks, when one manager finds one, other people
Speaker 4: see they found that and it goes on and on.
Speaker 4: So that kind of thing does happen. But also, William,
Speaker 4: If as long as it's on the buy list, it's
Speaker 4: a good buy. Oftentimes at the beginning, when a stock
Speaker 4: takes off, it takes it has a like a catapult
Speaker 4: and then it slows down and then it starts climbing
Speaker 4: more strategically.
Speaker 3: That's oftentimes sometimes not so much.
Speaker 4: Sometimes, William, the discussions I'll have with other analysts, I'll
Speaker 4: be talking about the stock I'm thinking about putting on
Speaker 4: the buy list, and some of the analysts will be
Speaker 4: telling me, Mark, I think that's a little early. And
Speaker 4: what they mean by that is maybe it hasn't bottomed
Speaker 4: out yet, but everything's fallen in place. Finally, the valuation
Speaker 4: is where it should be, and it does have financial
Speaker 4: issues still. The balance sheet and income statement are in line,
Speaker 4: but it hasn't turned around yet, so There's not enough
Speaker 4: recognition to lift it.
Speaker 3: So you might be a little early and be sitting on.
Speaker 4: This for a few weeks or whatever till the market
Speaker 4: recognizes not only its steel, but its potential. So I
Speaker 4: wouldn't say absolutely, but why not get in when the
Speaker 4: getting's good?
Speaker 1: Yeah, absolutely. Mark, Wanda has some EE bonds. She's got
Speaker 1: about a dozen a year and is wondering if she
Speaker 1: can get a better interest rate on them by rolling
Speaker 1: them into something else or by cashing them out and
Speaker 1: reinvesting them.
Speaker 3: Well, I noticed you used the year 1993.
Speaker 4: They've already reached their 30-year final maturity. EE bonds stop
Speaker 4: earning interest after 30 years.
Speaker 3: So, yes, you can do better.
Speaker 5: So.
Speaker 4: So your 1993 bonds stopped earning in 2023. At this point,
Speaker 4: I would not leave them sitting there and earning nothing.
Speaker 4: I'd redeem them and then reinvest the proceeds based on
Speaker 4: what you need.
Speaker 3: Your money to do.
Speaker 4: If you want to keep it that safe, then you
Speaker 4: could do treasury bills, CDs, tips, other appropriate investments. One
Speaker 4: important issue here is the taxes, Wanda, that you need
Speaker 4: to be thinking about. There really isn't a tax-free rollover
Speaker 4: from EE bonds into another investment. If you defer reporting
Speaker 4: your accumulated interest, federal tax generally becomes due no later
Speaker 4: than the year after the bond reaches maturity. So you
Speaker 4: may have some taxes to pay on top of this
Speaker 4: as well. But hey, what do we always preach here
Speaker 4: when you invest remember you're not just not investing for
Speaker 4: yourself first of all it's god's money god knew we
Speaker 4: had a government that taxed us so he also knew
Speaker 4: that part of this might be taxed as well so
Speaker 4: when we go into an investment we always look at
Speaker 4: and say unless it's in a roth and even then
Speaker 4: someday in the future it might be taxable but unless
Speaker 4: it's in a roth we have somebody else that takes
Speaker 4: part of the profits as well, and that's Uncle Sam.
Speaker 3: And we're not supposed to get upset about that.
Speaker 4: We're not supposed to worry about it because God already
Speaker 4: knew that was part of his plan.
Speaker 1: Yeah, good stuff there. Wanda, I hope that can help you.
Speaker 1: Karen Mark is in our chat from Kansas. She's wondering,
Speaker 1: is a TOD, a transfer on death deed, a good
Speaker 1: way to leave land and house to children? That's a
Speaker 1: good question.
Speaker 2: What do you think, Mark?
Speaker 4: I've heard many attorneys say yes, absolutely, to that. Anytime
Speaker 4: you can put a transfer, uh, on a deed on
Speaker 4: a certificate, uh, then it's a good idea. It's the
Speaker 4: same with a car. If you can put a, uh,
Speaker 4: a transfer on death or on there, then it avoids probate.
Speaker 4: So you're not paying that does not get calculated in
Speaker 4: the probate class.
Speaker 3: So it avoids probate and immediately goes to that person.
Speaker 3: They have to relicense it or retitle it.
Speaker 4: But, uh, yeah, TODs have always been recommended by financial
Speaker 4: planning and, uh, And attorneys, estate attorneys that I've worked with,
Speaker 4: unless there's some special reason not to, like special needs
Speaker 4: or there's a reason to leave this in the estate
Speaker 4: to go through, to go through the whole court process.
Speaker 4: So in case, if there's liens or different things against it,
Speaker 4: it could cause some problems that you need to get
Speaker 4: off the estate. Yeah.
Speaker 3: But in general, yeah.
Speaker 2: Yeah, good.
Speaker 1: Mark, we got Jane in the chat from Missouri asking,
Speaker 1: does FISM have a list of biblically responsible advisors? It'd
Speaker 1: be great if the ministry expanded to include advisors, although
Speaker 1: that could be an infinite amount of work for sure.
Speaker 1: But on the flip side, FISM itself is definitely an advisor.
Speaker 1: I was thinking of those who wanted to set up
Speaker 1: an advisor for their spouse when they themselves have moved up.
Speaker 1: That's a good question, Mark, from Jane.
Speaker 3: It is a good question.
Speaker 4: And right now, FISM does not currently maintain a comprehensive
Speaker 4: list of BRI financial advisors.
Speaker 3: That we have individually vetted and endorsed.
Speaker 4: And the reason for that is there's not very many
Speaker 4: people we trust that are in the financial investment world.
Speaker 4: There's not many, even those that claim to be biblically
Speaker 4: responsible aren't fully biblically responsible. They'll do it if you
Speaker 4: want them to, but they don't do it for everybody.
Speaker 4: So what does that tell you about their conviction about
Speaker 4: what they're doing? If they don't believe that they're representing
Speaker 4: the kingdom, because they'll do what, if you want to
Speaker 4: invest in abortion, they'll invest you in abortion. If you
Speaker 4: want to invest in biblically responsible companies, they'll put you there.
Speaker 4: What that tells me is that they don't believe what they're.
Speaker 3: Pushing right now.
Speaker 4: So there's very few who are what I call strict
Speaker 4: biblical responsible investment professionals.
Speaker 3: Very few.
Speaker 4: I probably could count them on one hand at this
Speaker 4: point that I know personally. There's probably more than that,
Speaker 4: but that's one of the reasons we don't do that.
Speaker 4: Oftentimes somebody will say they are biblically responsible or they'll
Speaker 4: say they're a Christian financial advisor or but they compromise
Speaker 4: somewhere along the way, whether it's what the recommendation to
Speaker 4: non-believers are. A strict biblical responsible investment professional would say,
Speaker 4: no matter who comes to me, I'll receive them and
Speaker 4: I will work with them, but I will never compromise anything.
Speaker 4: God's directives to invest with biblical integrity. So if they
Speaker 4: want my portfolio management, they'll realize that it will include
Speaker 4: excluding anything but those that do not offend God in
Speaker 4: any way.
Speaker 3: That's what it's all about. I also want to make
Speaker 3: an important distinction here.
Speaker 4: Financial issues is not an advisory.
Speaker 3: We are a 501c3.
Speaker 4: We are here for educational purposes to help people become
Speaker 4: the best stewards possible.
Speaker 3: Like you. God bless everyone.
Speaker 4: Thank you for loving God and investing with biblical integrity.
Speaker 4: Look forward to seeing you tomorrow.