WEBVTT 1 00:00:03.799 --> 00:00:07.639 Welcome to Financial Issues, where we help you steward faithfully 2 00:00:07.799 --> 00:00:11.439 by honoring God with your investments. Now listen in as 3 00:00:11.439 --> 00:00:14.279 we give you the practical tools and advice you need 4 00:00:14.560 --> 00:00:17.079 to become a biblically responsible investor. 5 00:00:21.640 --> 00:00:24.600 This is Financial Issues, where we help you defund darkness 6 00:00:24.679 --> 00:00:27.879 and fund the light by investing with biblical integrity. On 7 00:00:27.920 --> 00:00:30.440 this Monday, folks, a lot of questions to answer. Delighted 8 00:00:30.440 --> 00:00:32.960 to hear from you. Our phone lines are wide open. Also, 9 00:00:33.000 --> 00:00:37.600 what kind of investments could offset hyper inflation? We'll discuss 10 00:00:37.759 --> 00:00:40.520 this morning. Couple hyper guys here with you. I'm Sethi Dinsky, 11 00:00:40.560 --> 00:00:42.960 Sam Case in the control room, and your host who 12 00:00:43.000 --> 00:00:45.240 held it all together on Friday when Sam and I 13 00:00:45.320 --> 00:00:49.079 were out, Mark Manila, Mark Legend, Good morning brother, good 14 00:00:49.119 --> 00:00:49.479 to see you. 15 00:00:50.320 --> 00:00:53.359 Good Morningiza. Good to have you back, my friend. 16 00:00:53.600 --> 00:00:55.399 Thanks brother. It's great to be back in the land 17 00:00:55.439 --> 00:00:57.679 of the living. Sam, I know, had a blessed weekend. 18 00:00:57.719 --> 00:00:59.640 Mine was not as blessed. I was actually having a 19 00:00:59.640 --> 00:01:02.119 good time. He was just holding on by a thread. 20 00:01:03.200 --> 00:01:05.439 But we're back now. We're feeling much better and it's 21 00:01:05.439 --> 00:01:07.359 good to be here with you all. Mark, thank you 22 00:01:07.400 --> 00:01:09.799 for holding it together on Friday. We're bum that we 23 00:01:09.840 --> 00:01:11.920 missed Friday show, but I'm sure it was an excellent time. 24 00:01:11.959 --> 00:01:13.760 And boy, folks, listen, I hope you'll give us a 25 00:01:13.760 --> 00:01:15.680 call the number six ten three sixty three eleven ten. 26 00:01:15.719 --> 00:01:18.120 That's the number to call in again, six' ten three 27 00:01:18.239 --> 00:01:21.079 six three eleven. Ten mark And, sam let's kick the 28 00:01:21.120 --> 00:01:23.000 week off with our verse of The. Week matthew twenty 29 00:01:23.040 --> 00:01:26.920 four forty five through forty seven reads, This who then 30 00:01:27.040 --> 00:01:29.519 is a faithful and why servant whom his master made 31 00:01:29.599 --> 00:01:32.719 ruler over his household to give them food and due? 32 00:01:32.719 --> 00:01:36.040 Season blessed is that servant whom his, master when he, 33 00:01:36.079 --> 00:01:39.560 comes will find doing so, ASSUREDLY i say to, you 34 00:01:40.280 --> 00:01:42.920 and he will make him ruler over all his. Goods 35 00:01:42.920 --> 00:01:44.359 that's a great word this. Morning what do you guys 36 00:01:44.400 --> 00:01:44.799 think about? 37 00:01:44.799 --> 00:01:45.879 It fellas? 38 00:01:46.519 --> 00:01:47.920 Well one of the things that reminds me of is 39 00:01:47.920 --> 00:01:51.359 our conversation was it last week where people were, asking you, know, 40 00:01:51.599 --> 00:01:53.920 well If juss is coming, back what's the point of. 41 00:01:53.959 --> 00:01:57.239 Investing SHOULDN'T i just hunker down and get ready for 42 00:01:57.319 --> 00:01:59.959 him to? Return this is saying, No, No the faithful 43 00:02:00.000 --> 00:02:02.920 and why servant is found working and he's the one 44 00:02:02.920 --> 00:02:03.200 that The. 45 00:02:03.239 --> 00:02:06.040 Master when he comes, back he, SAYS i will make. 46 00:02:05.879 --> 00:02:09.400 You ruler of all my. Goods he's, faithful he's, wise 47 00:02:09.520 --> 00:02:12.199 he's doing everything he should be, doing and he's doing. 48 00:02:12.199 --> 00:02:15.840 It with the end of The master, returning, hmm. 49 00:02:16.240 --> 00:02:18.800 Well, SAID i really like. THAT i really like. THAT 50 00:02:19.280 --> 00:02:20.039 i like this whole. 51 00:02:20.120 --> 00:02:23.439 Verse it's the idea that those people who are, productive 52 00:02:23.479 --> 00:02:26.879 who really do try to realize the fullness of the, 53 00:02:26.919 --> 00:02:31.360 blessings the, gifts the Abilities god's give them will be rewarded. 54 00:02:31.439 --> 00:02:35.199 Eventually AND i just love that. IDEA i think about 55 00:02:35.240 --> 00:02:37.280 WHEN i was a little kid AND i was working 56 00:02:37.319 --> 00:02:40.360 on something that maybe it was a chore or SOMETHING 57 00:02:40.400 --> 00:02:42.759 i was, given and THEN i see my, dad you, 58 00:02:42.800 --> 00:02:45.319 know looking out the window or walks out to see 59 00:02:45.319 --> 00:02:49.719 How i'm, doing and when he, says good, job how that? 60 00:02:49.759 --> 00:02:51.159 Felt it just felt so. 61 00:02:51.319 --> 00:02:54.319 Good, now think about that when our father in heaven 62 00:02:54.400 --> 00:02:56.960 actually says well, done good and faithful. 63 00:02:57.039 --> 00:02:59.759 Servant, Yeah and you know what was really, cool your. 64 00:02:59.759 --> 00:03:02.199 Guy this is the end of this, verse the promise 65 00:03:02.280 --> 00:03:04.719 of Where jesus, says, SURELY i say to you that 66 00:03:04.759 --> 00:03:07.599 he will make him ruler over all his. Goods the 67 00:03:07.879 --> 00:03:10.319 eschatological promise for Us mark in part is that. 68 00:03:10.280 --> 00:03:14.319 We're gonna be co airs With. Christ we're gonna rules 69 00:03:16.479 --> 00:03:17.280 being at the same. 70 00:03:17.360 --> 00:03:21.120 Table it would be bizarre to me, that, yeah EVEN 71 00:03:21.240 --> 00:03:22.560 i get to sit at that. 72 00:03:22.680 --> 00:03:23.039 Table. 73 00:03:23.240 --> 00:03:26.439 Wow and that's a promise all throughout. Scripture you see 74 00:03:26.479 --> 00:03:29.439 that all the time when When jesus is giving parables like, 75 00:03:29.520 --> 00:03:32.000 this he, says he who is faithful with little is 76 00:03:32.039 --> 00:03:35.479 going to be faithful with. Much so it's a promise all. 77 00:03:35.479 --> 00:03:38.319 Throughout and you, know it does remind, me guys as, 78 00:03:38.319 --> 00:03:40.840 well of the parable The Prodigal, son where the prodigal 79 00:03:40.879 --> 00:03:43.719 son kind of comes to his senses after having squandered 80 00:03:43.759 --> 00:03:46.159 his father's wealth and really brought shame to his father's, 81 00:03:46.240 --> 00:03:48.919 name and he, SAYS i it's essentially it would be 82 00:03:48.919 --> 00:03:50.879 better for me to be a servant in my father's 83 00:03:50.919 --> 00:03:53.639 house than to live Like i'm living right. Now and 84 00:03:53.680 --> 00:03:55.719 he goes intending to be a servant in his father's 85 00:03:55.719 --> 00:03:57.080 house and his father restores. 86 00:03:57.159 --> 00:03:59.599 Him and that's the great promise that we have. There 87 00:03:59.599 --> 00:04:01.599 it's not as we deserve it because of his love for. 88 00:04:01.719 --> 00:04:04.400 Us what a way to Start. Monday Huh, yeah pretty, 89 00:04:04.439 --> 00:04:06.000 AWESOME i mean, yeah pretty. 90 00:04:06.039 --> 00:04:07.879 Awesome will said really cool. 91 00:04:07.759 --> 00:04:09.759 Six, ten three, six three eleven. Ten, folks we'd love 92 00:04:09.800 --> 00:04:12.000 to hear from you once. Again, hey the markets On, 93 00:04:12.080 --> 00:04:15.400 friday they actually. Rose it was a tough week, otherwise 94 00:04:15.400 --> 00:04:16.079 but they had a nice. 95 00:04:16.120 --> 00:04:19.519 Finish they actually. Rose can you believe this was? Surprise? 96 00:04:19.680 --> 00:04:22.399 AMAZING i, KNOW i know it's because we weren't. Here 97 00:04:22.480 --> 00:04:23.040 that's exactly. 98 00:04:23.240 --> 00:04:24.879 Right they were, like, oh they're out that, now we 99 00:04:24.879 --> 00:04:27.639 can we make them nervous. Exactly, so The Dow jones 100 00:04:27.680 --> 00:04:29.720 finished up a full, percent THE smp and THE nasdak 101 00:04:29.720 --> 00:04:31.680 were up a, half and The rustle two thousand almost 102 00:04:31.680 --> 00:04:35.560 a Full, However Mark thursday's pullback really kind of led 103 00:04:35.560 --> 00:04:37.319 the markets to a negative. Week THE s AND b 104 00:04:37.360 --> 00:04:40.240 five hundred was down one in about one and a 105 00:04:40.279 --> 00:04:42.319 half for the. Week The nasdaq was down about two 106 00:04:42.360 --> 00:04:45.240 percent for the. Week The Dow jones was down almost 107 00:04:45.279 --> 00:04:47.639 a full. Percent THE s AND p and The nasdaq 108 00:04:47.759 --> 00:04:51.399 each had a three week three week long winning streaks. 109 00:04:51.000 --> 00:04:52.439 That they were trying to extend that got. 110 00:04:52.439 --> 00:04:56.360 Snapped pre markets this, morning mark are pretty muted. Overall 111 00:04:56.439 --> 00:04:59.879 we we did see that the major indices are, down 112 00:05:00.079 --> 00:05:03.680 but so is, oil which is fascinating considering everything that's 113 00:05:03.720 --> 00:05:04.079 going on In. 114 00:05:04.120 --> 00:05:07.759 Iran, Mark, yeah over one and a half percent, down 115 00:05:07.800 --> 00:05:11.120 which is. INTERESTING i guess it's because you know there's 116 00:05:11.160 --> 00:05:13.319 a deal being, made is? 117 00:05:13.360 --> 00:05:18.000 There that's What i've been told there's a. Deal, wow crazy. 118 00:05:18.040 --> 00:05:19.759 STUFF i just wonder. 119 00:05:19.560 --> 00:05:21.639 Who is on the other side of The, like who 120 00:05:21.720 --> 00:05:23.279 are we talking to on the other side of these? 121 00:05:23.279 --> 00:05:25.040 Deals no idea crazy. 122 00:05:25.079 --> 00:05:27.800 Stuff, well the problem is is you could genuinely be 123 00:05:27.879 --> 00:05:30.160 talking to someone who wants to make a, deal and 124 00:05:30.199 --> 00:05:32.480 then a deal will be signed and some other guy 125 00:05:32.519 --> 00:05:34.879 who has just as much right to authority In iran 126 00:05:34.959 --> 00:05:36.759 will come by and say, NO i don't want, that 127 00:05:36.800 --> 00:05:38.800 and actually we're Gonna we're gonna shoot the guy who 128 00:05:38.839 --> 00:05:39.120 made the. 129 00:05:39.160 --> 00:05:44.600 Deal it's, chaos, Right it's crazy stuff. Anyway so that's 130 00:05:44.600 --> 00:05:45.800 what it's looking like in the markets this. 131 00:05:45.879 --> 00:05:48.920 Morning mark a good question that we teed up at 132 00:05:48.959 --> 00:05:52.600 the top there this topic of hyper, inflation. 133 00:05:52.920 --> 00:05:54.399 Specifically protection from. 134 00:05:54.480 --> 00:05:57.120 It So jane From louisiana in Our chad asked a 135 00:05:57.160 --> 00:05:59.439 great question last. Week he, Says, mark speaking of hyper, 136 00:05:59.439 --> 00:06:04.560 inflation what investment can we diversify our portfolios that could 137 00:06:04.600 --> 00:06:07.800 offset the fall in THE us dollar or are there 138 00:06:07.839 --> 00:06:10.720 other currency investment? Options so why don't we start, There 139 00:06:10.759 --> 00:06:12.240 mark with this question and then kind of go from. 140 00:06:12.240 --> 00:06:15.639 There, wow there's so much imposed in that. Question what 141 00:06:15.680 --> 00:06:18.759 does this hyperinflation? Thing what makes somebody think we're going 142 00:06:18.800 --> 00:06:22.639 to hit hyper inflation here in THE us at least in. 143 00:06:22.600 --> 00:06:24.839 The near term or midterm or even in a long. 144 00:06:24.920 --> 00:06:28.279 Term And, mark what is hyper inflation compared to just regular? 145 00:06:28.279 --> 00:06:34.879 Inflation one hundred, percent sixty percent for just a, lot, 146 00:06:35.000 --> 00:06:37.720 yeah just a lot of. Inflation, yeah when it goes 147 00:06:37.759 --> 00:06:42.439 through the, ceiling it goes. Beyond we saw the beginning 148 00:06:42.480 --> 00:06:45.000 of hyper, INFLATION i guess it was in The carter, 149 00:06:45.160 --> 00:06:47.600 years and then we saw it in The biden. Years 150 00:06:47.879 --> 00:06:50.279 we saw inflation get up what was it eight ten? 151 00:06:50.360 --> 00:06:54.720 Percent but in The carter years Under, BIDEN i, think, right, 152 00:06:55.519 --> 00:06:58.480 YEAH i forget where it. Was but you, know that's 153 00:06:58.680 --> 00:07:01.680 that's kind of tip into. It but when you look 154 00:07:01.720 --> 00:07:05.199 at some other, countries like third world, nations that all 155 00:07:05.199 --> 00:07:07.439 of a sudden they start printing money left and right 156 00:07:07.480 --> 00:07:10.399 to the point to where inflation is one hundred percent a. 157 00:07:10.439 --> 00:07:13.439 Year if you, know they don't even put prices on 158 00:07:13.639 --> 00:07:16.759 goods in the stores because they're just you got to 159 00:07:16.800 --> 00:07:18.879 get a. Price when you get to the checkout because 160 00:07:18.879 --> 00:07:22.639 they're rising as you're walking towards a. Checkout it's just. 161 00:07:22.800 --> 00:07:25.839 Crazy it's just out of. Control but why would we 162 00:07:26.040 --> 00:07:29.079 have that? Here why would somebody believe that we're on 163 00:07:29.120 --> 00:07:31.360 the brink of that is the thing that concerns. 164 00:07:31.399 --> 00:07:32.000 Me is it? 165 00:07:32.079 --> 00:07:35.279 Possible anything is, Possible BUT i don't think we're there. 166 00:07:35.360 --> 00:07:37.160 Yet the debt is out of. 167 00:07:37.199 --> 00:07:42.279 CONTROL i do believe this administration's pulling levers move setting 168 00:07:42.319 --> 00:07:45.240 things in place to get that under. CONTROL i think 169 00:07:45.279 --> 00:07:48.000 the debt is the one thing that could cause hyperinflation 170 00:07:48.120 --> 00:07:51.560 when we start having to print money just to just 171 00:07:51.639 --> 00:07:54.839 to supplement what we have, here because nobody will buy 172 00:07:54.839 --> 00:07:58.240 our debt because we can't pay the interest on the 173 00:07:58.319 --> 00:08:01.959 debt because the Debt's but, ANYWAY i don't see that 174 00:08:02.160 --> 00:08:08.319 as happening anywhere too. Soon it could happen maybe two 175 00:08:08.399 --> 00:08:10.120 years from, now four years from, now if. 176 00:08:10.079 --> 00:08:12.480 Nobody does anything about. It but the question was a 177 00:08:12.519 --> 00:08:12.920 little bit. 178 00:08:12.920 --> 00:08:17.199 Different they're, saying how do we prepare for an inflated? 179 00:08:17.920 --> 00:08:20.800 DOLLAR i think is what it's really coming down. 180 00:08:20.839 --> 00:08:26.040 To and AM i concerned about the dollars losing purchasing? Power, 181 00:08:26.120 --> 00:08:28.920 well of COURSE i. Am that's when our debt is 182 00:08:28.959 --> 00:08:34.919 going to cause problems if we just slightly hesitate on 183 00:08:35.120 --> 00:08:39.559 anything paying, interest are continuing to pump so much money 184 00:08:39.919 --> 00:08:45.799 into our. Society what will happen is we'll start seeing 185 00:08:45.799 --> 00:08:48.759 the dollar lose its status in the world as a 186 00:08:48.879 --> 00:08:52.600 currency for. Trade when that, happens it'll cascade from. There 187 00:08:53.159 --> 00:08:57.159 but we'll see signs of that. Coming, still if you're 188 00:08:57.200 --> 00:09:00.639 worried about, IT i don't think buying another currency is the. 189 00:09:00.679 --> 00:09:02.879 Answer, actually, yeah. 190 00:09:02.679 --> 00:09:10.480 We're at war economic war With, china With, russia even With, iran. 191 00:09:10.240 --> 00:09:11.759 Believe it or, not we're at war with. 192 00:09:11.879 --> 00:09:15.639 Them they just don't have any economic power except for, 193 00:09:16.240 --> 00:09:19.440 oil which of course is causing a little bit of 194 00:09:19.480 --> 00:09:23.960 inflation because they're the harmouse. Situation SO i don't think 195 00:09:24.039 --> 00:09:28.200 foreign currencies are where you'd really want to be because 196 00:09:28.200 --> 00:09:33.000 that's all dependent upon another country maintaining their. 197 00:09:33.039 --> 00:09:35.320 Currency The United states. 198 00:09:34.919 --> 00:09:37.720 PROBABLY i Maybe i'm a little biased Because i'm An, 199 00:09:37.720 --> 00:09:41.279 american BUT i believe we probably have the best, structure 200 00:09:42.840 --> 00:09:47.039 the free, market the, capitalism those kinds of, things and 201 00:09:47.639 --> 00:09:50.519 the freedom we have in our COUNTRY i believe allows 202 00:09:50.600 --> 00:09:54.159 us to maintain better control over a currency than some 203 00:09:54.399 --> 00:09:57.960 dictator somewhere who just took over who doesn't have. 204 00:09:57.960 --> 00:10:02.960 A clue of international, economics SO i don't think i'd go. 205 00:10:03.039 --> 00:10:04.679 There so what could? 206 00:10:04.679 --> 00:10:08.519 Help, WELL i think moving into some things like gold 207 00:10:08.639 --> 00:10:12.519 or even tips or things like that that could help 208 00:10:12.559 --> 00:10:17.840 preserve the value of what you, have because gold seems 209 00:10:18.039 --> 00:10:22.720 always over the long term keep up with, inflation even. 210 00:10:22.799 --> 00:10:25.440 Hyperinflation we see gold go through the ceiling when that. 211 00:10:25.559 --> 00:10:32.759 Happens so real assets and commodity related companies is WHERE i. Go, energy, materials, agriculture. 212 00:10:32.840 --> 00:10:35.840 Infrastructure but, HEY i got a better. Idea let's get 213 00:10:35.840 --> 00:10:38.480 the let's get the debt under control instead and not 214 00:10:38.600 --> 00:10:43.559 worry about. Hyperinflation six ten three six three eleven. 215 00:10:43.639 --> 00:10:44.639 Ten give us a. 216 00:10:44.679 --> 00:11:07.840 Call we'd love to hear from you this. Morning what 217 00:11:08.000 --> 00:11:08.720 want to happen? Today? 218 00:11:08.720 --> 00:11:11.159 Folks hope you'll check out The Timothy, plan our faithful, 219 00:11:11.159 --> 00:11:15.000 Sponsors timothyplan dot com a great place to go if 220 00:11:15.039 --> 00:11:19.159 you're looking for retirement, plans mutual funds ETFs that are biblically. 221 00:11:19.320 --> 00:11:22.360 Responsible the pioneers of BR I, Investing Timothy, plan our dear, 222 00:11:22.399 --> 00:11:25.679 friends we love, Them timothyplan dot. Com MARK a little 223 00:11:25.679 --> 00:11:27.679 follow up there to that. CONVERSATION i asked this during the, 224 00:11:27.679 --> 00:11:29.320 break But i'll just go ahead and ask you not 225 00:11:29.480 --> 00:11:31.200 during the break as, well since we've got a live 226 00:11:31.279 --> 00:11:34.559 radio show after. All is there any wisdom in holding 227 00:11:35.000 --> 00:11:38.360 some kind of foreign currency at? All whether it's a 228 00:11:38.399 --> 00:11:40.799 strong or weak foreign currency is not really the question just, 229 00:11:40.840 --> 00:11:43.559 more is there any wisdom to having some kind of foreign? 230 00:11:43.559 --> 00:11:44.200 Currency is just? 231 00:11:44.279 --> 00:11:46.679 Not when you say, hold like hold for the long 232 00:11:46.799 --> 00:11:48.200 term or, TRADE. 233 00:11:48.240 --> 00:11:49.919 I think more hold for the long. 234 00:11:50.000 --> 00:11:53.320 Term i've seen questions before where people will ask questions, like, 235 00:11:53.360 --> 00:11:56.799 Hey i'm trying to prepare for whatever could happen globally 236 00:11:56.919 --> 00:11:57.960 or with the dollar if it. 237 00:11:58.000 --> 00:12:01.279 Collapses why, here look a look at it this. 238 00:12:01.320 --> 00:12:05.879 Way if you if THE US uh, loses if THE. 239 00:12:05.879 --> 00:12:11.879 Us collapses, economically what country in the world won't collapse with? 240 00:12:12.000 --> 00:12:16.600 Us because we are the state stability of the world 241 00:12:17.080 --> 00:12:19.679 we are. In that's the bottom line on. IT i 242 00:12:19.720 --> 00:12:21.840 know a lot of people, say, well The swiss or 243 00:12:21.879 --> 00:12:22.320 it or. 244 00:12:22.440 --> 00:12:25.399 Whatever you. KNOW i don't think. 245 00:12:25.440 --> 00:12:28.159 So if THE us, collapse there's gonna be blood in 246 00:12:28.200 --> 00:12:31.799 the streets all around the all around the. WORLD i 247 00:12:31.840 --> 00:12:34.720 can't think of a country THAT i would, say, oh 248 00:12:34.799 --> 00:12:37.679 if THE us, collapse they're going to be, strong. 249 00:12:38.120 --> 00:12:39.080 To be. 250 00:12:40.679 --> 00:12:41.200 Banking on. 251 00:12:41.279 --> 00:12:45.519 IT i don't know, Why, sam but that sounds about. 252 00:12:45.559 --> 00:12:48.120 RIGHT i don't know why you would say that, so 253 00:12:48.799 --> 00:12:51.519 but it fits somehow for who's saying you're. 254 00:12:51.600 --> 00:12:54.159 Laughing but it's gonna. Work i'm gonna be. 255 00:12:54.279 --> 00:12:58.279 Rich SO i, mean if you, can if you can 256 00:12:58.840 --> 00:13:01.559 somehow think of a, COUNTRY i, mean do, this just 257 00:13:01.679 --> 00:13:03.799 for a, moment try and think of a. Country, well 258 00:13:03.840 --> 00:13:06.200 if THE us, Collapse i'd want to go to this. 259 00:13:06.320 --> 00:13:10.600 COUNTRY i can't think of a king of, country not 260 00:13:10.679 --> 00:13:12.799 a single country that would be in better. 261 00:13:12.879 --> 00:13:15.519 Shape right. Now the majority of the world is in 262 00:13:15.600 --> 00:13:16.480 worse shape than THE. 263 00:13:16.600 --> 00:13:20.399 US i, mean who was that that once Said america's 264 00:13:21.519 --> 00:13:24.000 worst country in the, World sands all. 265 00:13:23.879 --> 00:13:24.759 Others you. 266 00:13:24.799 --> 00:13:25.720 KNOW i JUST. 267 00:13:29.039 --> 00:13:29.679 I just love. 268 00:13:29.720 --> 00:13:32.159 That you know it's true Until christ? 269 00:13:32.279 --> 00:13:35.799 Comes, yeah, Absolutely so the moral of the story, There, 270 00:13:35.840 --> 00:13:37.960 MARK i guess What i'm hearing you say is trade 271 00:13:38.000 --> 00:13:40.960 in Your Swiss francs for Some swiss, cheese right you. 272 00:13:40.960 --> 00:13:45.759 Can i'm not saying. That, No, no that makes. 273 00:13:45.799 --> 00:13:47.679 Sense, No, MARK i think THAT'S i have to be 274 00:13:47.759 --> 00:13:49.720 a good reminder BECAUSE i do if, folks folks do, 275 00:13:49.840 --> 00:13:51.600 ask and they do, wonder you, know should we Hold 276 00:13:51.600 --> 00:13:53.600 Swiss franks should we hold some other kind of currency 277 00:13:54.080 --> 00:13:57.159 in case the dollar, collapses in case THE us economy. 278 00:13:57.200 --> 00:13:59.279 Clapses but you're you're, Right, MARK i mean we're the 279 00:13:59.279 --> 00:14:01.960 one that holds it. Together what economies lasted without THE us? 280 00:14:02.000 --> 00:14:03.279 Economy bottom? Line that's What i'm. 281 00:14:03.320 --> 00:14:06.879 Saying the idea of real assets like, gold, silver things 282 00:14:06.919 --> 00:14:11.240 like that may make more sense than anybody's currency that 283 00:14:11.279 --> 00:14:14.360 can be, manipulated that can be destroyed by a single. 284 00:14:14.480 --> 00:14:16.200 Person, yeah doesn't make. 285 00:14:16.240 --> 00:14:18.960 Sense yep six ten three six three eleven. Ten, folks 286 00:14:18.960 --> 00:14:20.960 give us a. Call we would be delighted to hear 287 00:14:20.960 --> 00:14:23.559 from you this. Morning, MARK a good question. Here kaylee's 288 00:14:23.559 --> 00:14:25.720 twenty one years, old one of our younger. Partners, Welcome. 289 00:14:25.799 --> 00:14:28.240 Kaylee we're glad to have. You she's, saying which of 290 00:14:28.279 --> 00:14:31.600 the allocation models would be best for me to model my? 291 00:14:31.679 --> 00:14:32.279 Portfolio? 292 00:14:32.320 --> 00:14:34.279 After, Again i'm twenty one years, old just started a 293 00:14:34.320 --> 00:14:38.840 career as a cardiac's. SONOGRAPHER i understand the concepts of, 294 00:14:38.840 --> 00:14:42.720 investing but sometimes the dynamics of buying and trading can 295 00:14:42.759 --> 00:14:43.320 get over my. 296 00:14:43.399 --> 00:14:44.679 Head what's your, Advice? 297 00:14:44.759 --> 00:14:48.919 Mark, Oh, kayley you're twenty. One you have a long, 298 00:14:49.039 --> 00:14:53.440 horizon time horizon in front of. You and that's the. 299 00:14:53.480 --> 00:14:55.960 Winner there is time time scene is to be the 300 00:14:55.960 --> 00:15:00.120 mottst valuable asset. THERE i, WOULD i would suggest OR 301 00:15:00.120 --> 00:15:02.799 i would IF i were in your, Shoes i'd be 302 00:15:02.840 --> 00:15:05.919 in a growth portfolio absolutely because you have time to 303 00:15:06.000 --> 00:15:09.799 weather downturns and, upturns AND i wouldn't worry about being so. 304 00:15:09.919 --> 00:15:12.799 MUCH a trader is going in and trying to find 305 00:15:12.879 --> 00:15:16.919 long term. Investments, remember long term investments don't mean you 306 00:15:17.039 --> 00:15:18.960 buy into, it set it aside and forget. 307 00:15:19.000 --> 00:15:21.320 It you still analyze them over and, over. 308 00:15:21.440 --> 00:15:23.799 Or at least we do here at financial issues to 309 00:15:23.840 --> 00:15:26.879 make sure nothing breaks down or nothing changed in. 310 00:15:26.919 --> 00:15:30.399 Them but the goal is to find. 311 00:15:30.279 --> 00:15:32.840 A stock or stocks that have. 312 00:15:33.399 --> 00:15:37.279 The financial issues, still meaning they're rock solid in their 313 00:15:37.279 --> 00:15:41.440 balance sheet and their income, statements their projections are, great 314 00:15:41.639 --> 00:15:44.720 and you want to find those because those would be 315 00:15:44.759 --> 00:15:46.440 good for the long term where you don't have to 316 00:15:46.480 --> 00:15:49.320 be day trading to try and stay ahead of any 317 00:15:49.519 --> 00:15:54.720 major downturns in that. Stock you can slow companies usually 318 00:15:54.799 --> 00:16:00.360 don't develop everything they have. Overnight you don't usually buy 319 00:16:00.360 --> 00:16:03.480 a stock and that's just a spec stock today and 320 00:16:03.519 --> 00:16:07.200 tomorrow it's got one hundred billion dollars cash and no 321 00:16:07.399 --> 00:16:10.399 debt and no you, know things like. That it usually 322 00:16:10.440 --> 00:16:12.840 takes time for those to, grow and during that time 323 00:16:12.879 --> 00:16:14.039 you're seeing growth in. 324 00:16:14.080 --> 00:16:17.559 It maybe some poolbacks. Occasionally same thing's true with the. 325 00:16:17.600 --> 00:16:20.279 Decline that's why we say it's a long term. Investment 326 00:16:20.639 --> 00:16:22.919 it may start breaking down a little. Bit you can 327 00:16:23.000 --> 00:16:25.120 start seeing that and then you can give it a 328 00:16:25.159 --> 00:16:28.080 little time to recover and if the management doesn't recover, 329 00:16:28.399 --> 00:16:31.039 well then that's when you start taking some action on. 330 00:16:31.120 --> 00:16:34.360 It SO i would say being a growth model allocation, 331 00:16:34.480 --> 00:16:37.120 model go out to financial, issues go out to the partners, 332 00:16:37.200 --> 00:16:40.519 ub look at the growth asset. Allocation if you don't want, 333 00:16:40.559 --> 00:16:43.200 to if you don't want to go through and read 334 00:16:43.279 --> 00:16:46.879 all the information on individual stocks on or buy and, 335 00:16:47.320 --> 00:16:50.960 holdless you could just go into the fund allocation model 336 00:16:51.200 --> 00:16:54.919 and use ets and mutual funds and use their managers 337 00:16:54.919 --> 00:16:57.399 to pick and fulfill those different asset. 338 00:16:57.399 --> 00:16:59.759 Classes it's all there for you back in the partners. 339 00:16:59.799 --> 00:17:03.000 Ub it's, Awesome, Mark. Kaylee that's super. 340 00:17:03.000 --> 00:17:05.279 Exciting and just one thing to add there as well 341 00:17:05.359 --> 00:17:07.759 Is i'm sure you're considering this. All you're already starting 342 00:17:07.799 --> 00:17:09.880 your career and all that, stuff but making sure you 343 00:17:09.920 --> 00:17:11.680 have your mote around your castle making sure you have 344 00:17:11.799 --> 00:17:14.240 all those things in, place, Right. Mark but it, SEEMS i, 345 00:17:14.279 --> 00:17:16.279 Mean kaylee seems like she's got this stuff buttoned, up 346 00:17:16.279 --> 00:17:16.720 which is just. 347 00:17:16.799 --> 00:17:19.640 Awesome, yeah sounds sounds like she's on top of. 348 00:17:19.680 --> 00:17:21.680 It but if you just want a little reminder some 349 00:17:21.720 --> 00:17:24.960 of the things going, on and download the pdf we 350 00:17:25.039 --> 00:17:27.119 put together early this year on the starter. 351 00:17:27.279 --> 00:17:30.920 Kit, yeah that's Awesome Starter. Kit. Mark this is a 352 00:17:31.000 --> 00:17:31.720 question for. 353 00:17:31.799 --> 00:17:34.480 Me i'm sure other listeners wonder this as, well, Though 354 00:17:34.519 --> 00:17:37.359 BUT i Read kaylee's. QUESTION i see she's twenty one years. 355 00:17:37.400 --> 00:17:41.200 Old she is starting out the. Gate WHEN i was 356 00:17:41.240 --> 00:17:43.400 twenty one years, OLD i feel LIKE i was just a. 357 00:17:43.440 --> 00:17:48.519 Moron how do us older investors who see these younger 358 00:17:48.559 --> 00:17:51.400 ones getting started and we want to cheer them, on 359 00:17:51.839 --> 00:17:54.680 how do we not also deal with that sense of 360 00:17:54.799 --> 00:17:57.400 jealousy that we have of, maybe, MAN i WISH i 361 00:17:57.440 --> 00:17:59.839 had started Then i'm a little bit frustrated at my 362 00:18:00.240 --> 00:18:02.680 for not having. Started Then how do we just you, 363 00:18:02.720 --> 00:18:05.240 know move, forward put the pass behind us and cheer 364 00:18:05.279 --> 00:18:05.839 on these younger. 365 00:18:05.880 --> 00:18:07.680 FOLKS whi they're doing what we didn't. 366 00:18:07.680 --> 00:18:10.440 Do that's one of the big questions in, life, Right. 367 00:18:10.480 --> 00:18:16.039 Yeah, yeah now there's a by being happy for, him for, 368 00:18:16.160 --> 00:18:18.440 one then to see that they're doing the right things. 369 00:18:18.440 --> 00:18:21.880 Now but just also REMEMBER i could look back at 370 00:18:21.920 --> 00:18:24.039 my WHEN i was twenty. One if you wanted to 371 00:18:24.039 --> 00:18:27.240 open up an investment, account you had to drive to a, 372 00:18:27.359 --> 00:18:30.519 company a, BROKERAGE, uh an advisor. 373 00:18:30.640 --> 00:18:31.680 Somewhere you had to sit. 374 00:18:31.759 --> 00:18:34.319 Down they'd interview, you find out how much money you, 375 00:18:34.400 --> 00:18:36.839 had and decide if they wanted, you because it's not 376 00:18:36.920 --> 00:18:39.279 worth their time to sit there and fill out, paperwork 377 00:18:39.359 --> 00:18:41.920 which they had to. Do we had to fill out 378 00:18:41.920 --> 00:18:44.640 all the forms open an, account and then ANYTIME i 379 00:18:44.720 --> 00:18:46.960 wanted to do a, TRADE i had to call that 380 00:18:47.640 --> 00:18:51.039 broker from a wired telephone on the. 381 00:18:51.079 --> 00:18:53.359 Wall you. 382 00:18:53.400 --> 00:18:55.279 KNOW i couldn't do it from the ball game On, 383 00:18:55.440 --> 00:18:57.880 friday you, know operator. 384 00:18:57.359 --> 00:18:57.880 Had to patch. 385 00:18:58.000 --> 00:19:03.319 In so, Right so What kaylee has is SOMETHING i didn't. 386 00:19:03.359 --> 00:19:05.359 Have and there's a good chance you didn't have when 387 00:19:05.359 --> 00:19:06.799 you were twenty one because. 388 00:19:06.559 --> 00:19:08.039 You are getting old, SET i. 389 00:19:08.079 --> 00:19:14.000 Know and that is the new economy of, electronics the cell, phone, 390 00:19:14.039 --> 00:19:18.200 internet online, trading zero. Costs, oh by the, way there 391 00:19:18.319 --> 00:19:23.599 was somewhere around a five percent trade costs for EVERYTHING 392 00:19:23.599 --> 00:19:26.039 i bought and sold back in those, days so you 393 00:19:26.119 --> 00:19:28.359 have to look at it and, say, wow things have 394 00:19:28.519 --> 00:19:32.920 changed so. Much but this, generation you, know you've heard 395 00:19:32.960 --> 00:19:36.160 old men sitting on the porch, saying this generation doesn't 396 00:19:36.240 --> 00:19:39.039 know how hard it was back WHEN i was had 397 00:19:39.039 --> 00:19:43.920 to make trades in the. Market today it's. Simple there 398 00:19:44.039 --> 00:19:47.160 were born into the technology and it makes it. Easier 399 00:19:47.319 --> 00:19:49.880 that's Why i'm glad to see Gen z and the 400 00:19:49.960 --> 00:19:51.920 millennials actually starting. 401 00:19:51.960 --> 00:19:53.759