Speaker 1: Welcome to Financial Issues, where we help you steward faithfully
Speaker 1: by honoring God with your investments. Now listen in as
Speaker 1: we give you the practical tools and advice you need
Speaker 1: to become a biblically responsible investor.
Speaker 2: This is Financial Issues, where we help you defund darkness
Speaker 2: and fund the light by investing with biblical integrity. On
Speaker 2: this Monday, folks, a lot of questions to answer. Delighted
Speaker 2: to hear from you. Our phone lines are wide open. Also,
Speaker 2: what kind of investments could offset hyper inflation? We'll discuss
Speaker 2: this morning. Couple hyper guys here with you. I'm Sethi Dinsky,
Speaker 2: Sam Case in the control room, and your host who
Speaker 2: held it all together on Friday when Sam and I
Speaker 2: were out, Mark Manila, Mark Legend, Good morning brother, good
Speaker 2: to see you.
Speaker 3: Good Morningiza. Good to have you back, my friend.
Speaker 2: Thanks brother. It's great to be back in the land
Speaker 2: of the living. Sam, I know, had a blessed weekend.
Speaker 2: Mine was not as blessed. I was actually having a
Speaker 2: good time. He was just holding on by a thread.
Speaker 2: But we're back now. We're feeling much better and it's
Speaker 2: good to be here with you all. Mark, thank you
Speaker 2: for holding it together on Friday. We're bum that we
Speaker 2: missed Friday show, but I'm sure it was an excellent time.
Speaker 2: And boy, folks, listen, I hope you'll give us a
Speaker 2: call the number six ten three sixty three eleven ten.
Speaker 2: That's the number to call in again, six' ten three
Speaker 2: six three eleven. Ten mark And, sam let's kick the
Speaker 2: week off with our verse of The. Week matthew twenty
Speaker 2: four forty five through forty seven reads, This who then
Speaker 2: is a faithful and why servant whom his master made
Speaker 2: ruler over his household to give them food and due?
Speaker 2: Season blessed is that servant whom his, master when he,
Speaker 2: comes will find doing so, ASSUREDLY i say to, you
Speaker 2: and he will make him ruler over all his. Goods
Speaker 2: that's a great word this. Morning what do you guys
Speaker 2: think about?
Speaker 3: It fellas?
Speaker 4: Well one of the things that reminds me of is
Speaker 4: our conversation was it last week where people were, asking you, know,
Speaker 4: well If juss is coming, back what's the point of.
Speaker 4: Investing SHOULDN'T i just hunker down and get ready for
Speaker 4: him to? Return this is saying, No, No the faithful
Speaker 4: and why servant is found working and he's the one
Speaker 4: that The.
Speaker 3: Master when he comes, back he, SAYS i will make.
Speaker 4: You ruler of all my. Goods he's, faithful he's, wise
Speaker 4: he's doing everything he should be, doing and he's doing.
Speaker 4: It with the end of The master, returning, hmm.
Speaker 3: Well, SAID i really like. THAT i really like. THAT
Speaker 3: i like this whole.
Speaker 5: Verse it's the idea that those people who are, productive
Speaker 5: who really do try to realize the fullness of the,
Speaker 5: blessings the, gifts the Abilities god's give them will be rewarded.
Speaker 5: Eventually AND i just love that. IDEA i think about
Speaker 5: WHEN i was a little kid AND i was working
Speaker 5: on something that maybe it was a chore or SOMETHING
Speaker 5: i was, given and THEN i see my, dad you,
Speaker 5: know looking out the window or walks out to see
Speaker 5: How i'm, doing and when he, says good, job how that?
Speaker 6: Felt it just felt so.
Speaker 5: Good, now think about that when our father in heaven
Speaker 5: actually says well, done good and faithful.
Speaker 3: Servant, Yeah and you know what was really, cool your.
Speaker 2: Guy this is the end of this, verse the promise
Speaker 2: of Where jesus, says, SURELY i say to you that
Speaker 2: he will make him ruler over all his. Goods the
Speaker 2: eschatological promise for Us mark in part is that.
Speaker 3: We're gonna be co airs With. Christ we're gonna rules
Speaker 3: being at the same.
Speaker 5: Table it would be bizarre to me, that, yeah EVEN
Speaker 5: i get to sit at that.
Speaker 3: Table.
Speaker 4: Wow and that's a promise all throughout. Scripture you see
Speaker 4: that all the time when When jesus is giving parables like,
Speaker 4: this he, says he who is faithful with little is
Speaker 4: going to be faithful with. Much so it's a promise all.
Speaker 2: Throughout and you, know it does remind, me guys as,
Speaker 2: well of the parable The Prodigal, son where the prodigal
Speaker 2: son kind of comes to his senses after having squandered
Speaker 2: his father's wealth and really brought shame to his father's,
Speaker 2: name and he, SAYS i it's essentially it would be
Speaker 2: better for me to be a servant in my father's
Speaker 2: house than to live Like i'm living right. Now and
Speaker 2: he goes intending to be a servant in his father's
Speaker 2: house and his father restores.
Speaker 3: Him and that's the great promise that we have. There
Speaker 3: it's not as we deserve it because of his love for.
Speaker 5: Us what a way to Start. Monday Huh, yeah pretty,
Speaker 5: AWESOME i mean, yeah pretty.
Speaker 3: Awesome will said really cool.
Speaker 2: Six, ten three, six three eleven. Ten, folks we'd love
Speaker 2: to hear from you once. Again, hey the markets On,
Speaker 2: friday they actually. Rose it was a tough week, otherwise
Speaker 2: but they had a nice.
Speaker 3: Finish they actually. Rose can you believe this was? Surprise?
Speaker 3: AMAZING i, KNOW i know it's because we weren't. Here
Speaker 3: that's exactly.
Speaker 2: Right they were, like, oh they're out that, now we
Speaker 2: can we make them nervous. Exactly, so The Dow jones
Speaker 2: finished up a full, percent THE smp and THE nasdak
Speaker 2: were up a, half and The rustle two thousand almost
Speaker 2: a Full, However Mark thursday's pullback really kind of led
Speaker 2: the markets to a negative. Week THE s AND b
Speaker 2: five hundred was down one in about one and a
Speaker 2: half for the. Week The nasdaq was down about two
Speaker 2: percent for the. Week The Dow jones was down almost
Speaker 2: a full. Percent THE s AND p and The nasdaq
Speaker 2: each had a three week three week long winning streaks.
Speaker 3: That they were trying to extend that got.
Speaker 2: Snapped pre markets this, morning mark are pretty muted. Overall
Speaker 2: we we did see that the major indices are, down
Speaker 2: but so is, oil which is fascinating considering everything that's
Speaker 2: going on In.
Speaker 5: Iran, Mark, yeah over one and a half percent, down
Speaker 5: which is. INTERESTING i guess it's because you know there's
Speaker 5: a deal being, made is?
Speaker 3: There that's What i've been told there's a. Deal, wow crazy.
Speaker 3: STUFF i just wonder.
Speaker 2: Who is on the other side of The, like who
Speaker 2: are we talking to on the other side of these?
Speaker 3: Deals no idea crazy.
Speaker 4: Stuff, well the problem is is you could genuinely be
Speaker 4: talking to someone who wants to make a, deal and
Speaker 4: then a deal will be signed and some other guy
Speaker 4: who has just as much right to authority In iran
Speaker 4: will come by and say, NO i don't want, that
Speaker 4: and actually we're Gonna we're gonna shoot the guy who
Speaker 4: made the.
Speaker 3: Deal it's, chaos, Right it's crazy stuff. Anyway so that's
Speaker 3: what it's looking like in the markets this.
Speaker 2: Morning mark a good question that we teed up at
Speaker 2: the top there this topic of hyper, inflation.
Speaker 3: Specifically protection from.
Speaker 2: It So jane From louisiana in Our chad asked a
Speaker 2: great question last. Week he, Says, mark speaking of hyper,
Speaker 2: inflation what investment can we diversify our portfolios that could
Speaker 2: offset the fall in THE us dollar or are there
Speaker 2: other currency investment? Options so why don't we start, There
Speaker 2: mark with this question and then kind of go from.
Speaker 5: There, wow there's so much imposed in that. Question what
Speaker 5: does this hyperinflation? Thing what makes somebody think we're going
Speaker 5: to hit hyper inflation here in THE us at least in.
Speaker 6: The near term or midterm or even in a long.
Speaker 4: Term And, mark what is hyper inflation compared to just regular?
Speaker 5: Inflation one hundred, percent sixty percent for just a, lot,
Speaker 5: yeah just a lot of. Inflation, yeah when it goes
Speaker 5: through the, ceiling it goes. Beyond we saw the beginning
Speaker 5: of hyper, INFLATION i guess it was in The carter,
Speaker 5: years and then we saw it in The biden. Years
Speaker 5: we saw inflation get up what was it eight ten?
Speaker 5: Percent but in The carter years Under, BIDEN i, think, right,
Speaker 5: YEAH i forget where it. Was but you, know that's
Speaker 5: that's kind of tip into. It but when you look
Speaker 5: at some other, countries like third world, nations that all
Speaker 5: of a sudden they start printing money left and right
Speaker 5: to the point to where inflation is one hundred percent a.
Speaker 5: Year if you, know they don't even put prices on
Speaker 5: goods in the stores because they're just you got to
Speaker 5: get a. Price when you get to the checkout because
Speaker 5: they're rising as you're walking towards a. Checkout it's just.
Speaker 5: Crazy it's just out of. Control but why would we
Speaker 5: have that? Here why would somebody believe that we're on
Speaker 5: the brink of that is the thing that concerns.
Speaker 3: Me is it?
Speaker 5: Possible anything is, Possible BUT i don't think we're there.
Speaker 3: Yet the debt is out of.
Speaker 5: CONTROL i do believe this administration's pulling levers move setting
Speaker 5: things in place to get that under. CONTROL i think
Speaker 5: the debt is the one thing that could cause hyperinflation
Speaker 5: when we start having to print money just to just
Speaker 5: to supplement what we have, here because nobody will buy
Speaker 5: our debt because we can't pay the interest on the
Speaker 5: debt because the Debt's but, ANYWAY i don't see that
Speaker 5: as happening anywhere too. Soon it could happen maybe two
Speaker 5: years from, now four years from, now if.
Speaker 3: Nobody does anything about. It but the question was a
Speaker 3: little bit.
Speaker 5: Different they're, saying how do we prepare for an inflated?
Speaker 6: DOLLAR i think is what it's really coming down.
Speaker 5: To and AM i concerned about the dollars losing purchasing? Power,
Speaker 5: well of COURSE i. Am that's when our debt is
Speaker 5: going to cause problems if we just slightly hesitate on
Speaker 5: anything paying, interest are continuing to pump so much money
Speaker 5: into our. Society what will happen is we'll start seeing
Speaker 5: the dollar lose its status in the world as a
Speaker 5: currency for. Trade when that, happens it'll cascade from. There
Speaker 5: but we'll see signs of that. Coming, still if you're
Speaker 5: worried about, IT i don't think buying another currency is the.
Speaker 3: Answer, actually, yeah.
Speaker 5: We're at war economic war With, china With, russia even With, iran.
Speaker 3: Believe it or, not we're at war with.
Speaker 5: Them they just don't have any economic power except for,
Speaker 5: oil which of course is causing a little bit of
Speaker 5: inflation because they're the harmouse. Situation SO i don't think
Speaker 5: foreign currencies are where you'd really want to be because
Speaker 5: that's all dependent upon another country maintaining their.
Speaker 6: Currency The United states.
Speaker 5: PROBABLY i Maybe i'm a little biased Because i'm An,
Speaker 5: american BUT i believe we probably have the best, structure
Speaker 5: the free, market the, capitalism those kinds of, things and
Speaker 5: the freedom we have in our COUNTRY i believe allows
Speaker 5: us to maintain better control over a currency than some
Speaker 5: dictator somewhere who just took over who doesn't have.
Speaker 3: A clue of international, economics SO i don't think i'd go.
Speaker 3: There so what could?
Speaker 5: Help, WELL i think moving into some things like gold
Speaker 5: or even tips or things like that that could help
Speaker 5: preserve the value of what you, have because gold seems
Speaker 5: always over the long term keep up with, inflation even.
Speaker 5: Hyperinflation we see gold go through the ceiling when that.
Speaker 5: Happens so real assets and commodity related companies is WHERE i. Go, energy, materials, agriculture.
Speaker 5: Infrastructure but, HEY i got a better. Idea let's get
Speaker 5: the let's get the debt under control instead and not
Speaker 5: worry about. Hyperinflation six ten three six three eleven.
Speaker 6: Ten give us a.
Speaker 3: Call we'd love to hear from you this. Morning what
Speaker 3: want to happen? Today?
Speaker 2: Folks hope you'll check out The Timothy, plan our faithful,
Speaker 2: Sponsors timothyplan dot com a great place to go if
Speaker 2: you're looking for retirement, plans mutual funds ETFs that are biblically.
Speaker 2: Responsible the pioneers of BR I, Investing Timothy, plan our dear,
Speaker 2: friends we love, Them timothyplan dot. Com MARK a little
Speaker 2: follow up there to that. CONVERSATION i asked this during the,
Speaker 2: break But i'll just go ahead and ask you not
Speaker 2: during the break as, well since we've got a live
Speaker 2: radio show after. All is there any wisdom in holding
Speaker 2: some kind of foreign currency at? All whether it's a
Speaker 2: strong or weak foreign currency is not really the question just,
Speaker 2: more is there any wisdom to having some kind of foreign?
Speaker 3: Currency is just?
Speaker 5: Not when you say, hold like hold for the long
Speaker 5: term or, TRADE.
Speaker 3: I think more hold for the long.
Speaker 2: Term i've seen questions before where people will ask questions, like,
Speaker 2: Hey i'm trying to prepare for whatever could happen globally
Speaker 2: or with the dollar if it.
Speaker 3: Collapses why, here look a look at it this.
Speaker 6: Way if you if THE US uh, loses if THE.
Speaker 5: Us collapses, economically what country in the world won't collapse with?
Speaker 5: Us because we are the state stability of the world
Speaker 5: we are. In that's the bottom line on. IT i
Speaker 5: know a lot of people, say, well The swiss or
Speaker 5: it or.
Speaker 3: Whatever you. KNOW i don't think.
Speaker 5: So if THE us, collapse there's gonna be blood in
Speaker 5: the streets all around the all around the. WORLD i
Speaker 5: can't think of a country THAT i would, say, oh
Speaker 5: if THE us, collapse they're going to be, strong.
Speaker 7: To be.
Speaker 3: Banking on.
Speaker 6: IT i don't know, Why, sam but that sounds about.
Speaker 5: RIGHT i don't know why you would say that, so
Speaker 5: but it fits somehow for who's saying you're.
Speaker 3: Laughing but it's gonna. Work i'm gonna be.
Speaker 5: Rich SO i, mean if you, can if you can
Speaker 5: somehow think of a, COUNTRY i, mean do, this just
Speaker 5: for a, moment try and think of a. Country, well
Speaker 5: if THE us, Collapse i'd want to go to this.
Speaker 5: COUNTRY i can't think of a king of, country not
Speaker 5: a single country that would be in better.
Speaker 3: Shape right. Now the majority of the world is in
Speaker 3: worse shape than THE.
Speaker 5: US i, mean who was that that once Said america's
Speaker 5: worst country in the, World sands all.
Speaker 3: Others you.
Speaker 8: KNOW i JUST.
Speaker 3: I just love.
Speaker 6: That you know it's true Until christ?
Speaker 2: Comes, yeah, Absolutely so the moral of the story, There,
Speaker 2: MARK i guess What i'm hearing you say is trade
Speaker 2: in Your Swiss francs for Some swiss, cheese right you.
Speaker 3: Can i'm not saying. That, No, no that makes.
Speaker 2: Sense, No, MARK i think THAT'S i have to be
Speaker 2: a good reminder BECAUSE i do if, folks folks do,
Speaker 2: ask and they do, wonder you, know should we Hold
Speaker 2: Swiss franks should we hold some other kind of currency
Speaker 2: in case the dollar, collapses in case THE us economy.
Speaker 2: Clapses but you're you're, Right, MARK i mean we're the
Speaker 2: one that holds it. Together what economies lasted without THE us?
Speaker 3: Economy bottom? Line that's What i'm.
Speaker 5: Saying the idea of real assets like, gold, silver things
Speaker 5: like that may make more sense than anybody's currency that
Speaker 5: can be, manipulated that can be destroyed by a single.
Speaker 6: Person, yeah doesn't make.
Speaker 2: Sense yep six ten three six three eleven. Ten, folks
Speaker 2: give us a. Call we would be delighted to hear
Speaker 2: from you this. Morning, MARK a good question. Here kaylee's
Speaker 2: twenty one years, old one of our younger. Partners, Welcome.
Speaker 2: Kaylee we're glad to have. You she's, saying which of
Speaker 2: the allocation models would be best for me to model my?
Speaker 3: Portfolio?
Speaker 2: After, Again i'm twenty one years, old just started a
Speaker 2: career as a cardiac's. SONOGRAPHER i understand the concepts of,
Speaker 2: investing but sometimes the dynamics of buying and trading can
Speaker 2: get over my.
Speaker 3: Head what's your, Advice?
Speaker 5: Mark, Oh, kayley you're twenty. One you have a long,
Speaker 5: horizon time horizon in front of. You and that's the.
Speaker 5: Winner there is time time scene is to be the
Speaker 5: mottst valuable asset. THERE i, WOULD i would suggest OR
Speaker 5: i would IF i were in your, Shoes i'd be
Speaker 5: in a growth portfolio absolutely because you have time to
Speaker 5: weather downturns and, upturns AND i wouldn't worry about being so.
Speaker 5: MUCH a trader is going in and trying to find
Speaker 5: long term. Investments, remember long term investments don't mean you
Speaker 5: buy into, it set it aside and forget.
Speaker 6: It you still analyze them over and, over.
Speaker 5: Or at least we do here at financial issues to
Speaker 5: make sure nothing breaks down or nothing changed in.
Speaker 6: Them but the goal is to find.
Speaker 3: A stock or stocks that have.
Speaker 6: The financial issues, still meaning they're rock solid in their
Speaker 6: balance sheet and their income, statements their projections are, great
Speaker 6: and you want to find those because those would be
Speaker 6: good for the long term where you don't have to
Speaker 6: be day trading to try and stay ahead of any
Speaker 6: major downturns in that. Stock you can slow companies usually
Speaker 6: don't develop everything they have. Overnight you don't usually buy
Speaker 6: a stock and that's just a spec stock today and
Speaker 6: tomorrow it's got one hundred billion dollars cash and no
Speaker 6: debt and no you, know things like. That it usually
Speaker 6: takes time for those to, grow and during that time
Speaker 6: you're seeing growth in.
Speaker 5: It maybe some poolbacks. Occasionally same thing's true with the.
Speaker 5: Decline that's why we say it's a long term. Investment
Speaker 5: it may start breaking down a little. Bit you can
Speaker 5: start seeing that and then you can give it a
Speaker 5: little time to recover and if the management doesn't recover,
Speaker 5: well then that's when you start taking some action on.
Speaker 5: It SO i would say being a growth model allocation,
Speaker 5: model go out to financial, issues go out to the partners,
Speaker 5: ub look at the growth asset. Allocation if you don't want,
Speaker 5: to if you don't want to go through and read
Speaker 5: all the information on individual stocks on or buy and,
Speaker 5: holdless you could just go into the fund allocation model
Speaker 5: and use ets and mutual funds and use their managers
Speaker 5: to pick and fulfill those different asset.
Speaker 3: Classes it's all there for you back in the partners.
Speaker 3: Ub it's, Awesome, Mark. Kaylee that's super.
Speaker 2: Exciting and just one thing to add there as well
Speaker 2: Is i'm sure you're considering this. All you're already starting
Speaker 2: your career and all that, stuff but making sure you
Speaker 2: have your mote around your castle making sure you have
Speaker 2: all those things in, place, Right. Mark but it, SEEMS i,
Speaker 2: Mean kaylee seems like she's got this stuff buttoned, up
Speaker 2: which is just.
Speaker 3: Awesome, yeah sounds sounds like she's on top of.
Speaker 5: It but if you just want a little reminder some
Speaker 5: of the things going, on and download the pdf we
Speaker 5: put together early this year on the starter.
Speaker 3: Kit, yeah that's Awesome Starter. Kit. Mark this is a
Speaker 3: question for.
Speaker 2: Me i'm sure other listeners wonder this as, well, Though
Speaker 2: BUT i Read kaylee's. QUESTION i see she's twenty one years.
Speaker 2: Old she is starting out the. Gate WHEN i was
Speaker 2: twenty one years, OLD i feel LIKE i was just a.
Speaker 2: Moron how do us older investors who see these younger
Speaker 2: ones getting started and we want to cheer them, on
Speaker 2: how do we not also deal with that sense of
Speaker 2: jealousy that we have of, maybe, MAN i WISH i
Speaker 2: had started Then i'm a little bit frustrated at my
Speaker 2: for not having. Started Then how do we just you,
Speaker 2: know move, forward put the pass behind us and cheer
Speaker 2: on these younger.
Speaker 3: FOLKS whi they're doing what we didn't.
Speaker 4: Do that's one of the big questions in, life, Right.
Speaker 5: Yeah, yeah now there's a by being happy for, him for,
Speaker 5: one then to see that they're doing the right things.
Speaker 5: Now but just also REMEMBER i could look back at
Speaker 5: my WHEN i was twenty. One if you wanted to
Speaker 5: open up an investment, account you had to drive to a,
Speaker 5: company a, BROKERAGE, uh an advisor.
Speaker 3: Somewhere you had to sit.
Speaker 5: Down they'd interview, you find out how much money you,
Speaker 5: had and decide if they wanted, you because it's not
Speaker 5: worth their time to sit there and fill out, paperwork
Speaker 5: which they had to. Do we had to fill out
Speaker 5: all the forms open an, account and then ANYTIME i
Speaker 5: wanted to do a, TRADE i had to call that
Speaker 5: broker from a wired telephone on the.
Speaker 7: Wall you.
Speaker 5: KNOW i couldn't do it from the ball game On,
Speaker 5: friday you, know operator.
Speaker 3: Had to patch.
Speaker 5: In so, Right so What kaylee has is SOMETHING i didn't.
Speaker 5: Have and there's a good chance you didn't have when
Speaker 5: you were twenty one because.
Speaker 3: You are getting old, SET i.
Speaker 5: Know and that is the new economy of, electronics the cell, phone,
Speaker 5: internet online, trading zero. Costs, oh by the, way there
Speaker 5: was somewhere around a five percent trade costs for EVERYTHING
Speaker 5: i bought and sold back in those, days so you
Speaker 5: have to look at it and, say, wow things have
Speaker 5: changed so. Much but this, generation you, know you've heard
Speaker 5: old men sitting on the porch, saying this generation doesn't
Speaker 5: know how hard it was back WHEN i was had
Speaker 5: to make trades in the. Market today it's. Simple there
Speaker 5: were born into the technology and it makes it. Easier
Speaker 5: that's Why i'm glad to see Gen z and the
Speaker 5: millennials actually starting.
Speaker 3: EARLIER i think it was a.
Speaker 5: Millennials started on average investing at twenty, five and now
Speaker 5: the gen zs are starting at. Nineteen so that's exciting to.
Speaker 5: ME i don't get jealous about. THAT i think it's.
Speaker 5: WONDERFUL i think it's. Great, oh by the, way they
Speaker 5: also have, iras which just came in in existence barely
Speaker 5: a few years BEFORE i turned twenty.
Speaker 3: One they have you, know.
Speaker 7: Four to one.
Speaker 5: K's they have all sorts of things that weren't even
Speaker 5: in their WRATH ira didn't even come in into what the.
Speaker 3: Eighties may ninety, SEVEN i think it was ninety. Seven
Speaker 3: the WROTH ira is not even a, millennial it's basically.
Speaker 5: Yeah SO i mean there's all these things that make
Speaker 5: it easier for. Them so we Praise god and thank
Speaker 5: them for the ability for these these young ones to
Speaker 5: be able to do great.
Speaker 3: Things. Yeah, yeah that's, Awesome, kayleie well. Done you're doing
Speaker 3: a great. Job.
Speaker 2: Folks IF i come in tomorrow and my beard is
Speaker 2: all gray and, grizzled you'll know. Why it's Because i'm getting,
Speaker 2: old how, goes you.
Speaker 4: Know and there's always been an old man at heart, Though, yeah.
Speaker 3: You're old at hard. Exactly.
Speaker 2: Mark here's an interesting comment, Here george From North. Carolina
Speaker 2: by the, way folks chime in six, ten three sixty three,
Speaker 2: eleven so this was from last.
Speaker 3: Week.
Speaker 2: Mark george was commenting as we were talking, about you,
Speaker 2: know the unfortunate habits that are ruling elites tend to
Speaker 2: have in spending other people's money on crazy. Things But
Speaker 2: george says that there's four psychological categories of spending money
Speaker 2: and they're very. Interesting one is spending your money on,
Speaker 2: yourself two spending your money on, others three spending other
Speaker 2: people's money on, yourself and four spending other people's money on.
Speaker 2: Others the psychology is very.
Speaker 3: INTERESTING i like, That. Mark i'm a fan of number.
Speaker 5: Three number, Three, yeah, WELL i think he's he's kind
Speaker 5: of boiling all it, down and it could be boiled
Speaker 5: down into two to two smaller, categories selflessness and. Selfishness
Speaker 5: spending my money on myself can be responsible or, selfless
Speaker 5: depending on the. Motive spending money on someone else well
Speaker 5: require sacrifice and can reflect genuine.
Speaker 6: Generosity you.
Speaker 5: Know spending someone else's money on, MYSELF i think that's
Speaker 5: self interest and abuse, possibly you, know and spending someone
Speaker 5: else's money on someone else's called socialism or.
Speaker 6: Communism SO i don't have any love for.
Speaker 5: That either it's it's very little or none.
Speaker 3: Of the costs. Is it's just not.
Speaker 5: Right So biblical stewardship begins with responsibility and. Selflessness scripture
Speaker 5: doesn't teach that spending on ourselves is. Wrong we're expected
Speaker 5: to provide responsibly for our, families for ourselves and our.
Speaker 5: HOUSEHOLD i, mean think about what was it One timothy five?
Speaker 3: Eight, yes the one if a man does not provide
Speaker 3: for needs is? Families not the? Faith? Right exactly? Exactly.
Speaker 5: Yeah our responsibility extends way beyond ourselves, though to our, family, church, church,
Speaker 5: family and anybody got puts.
Speaker 6: In our puts in our.
Speaker 5: Path So christian generosity is, Voluntary it is not. Forced
Speaker 5: it's not communism or socialism others.
Speaker 6: People moneies is not the way to. Go if people aren't.
Speaker 5: Doing it, volunteerarily they're not learning to be Christ. Like
Speaker 5: if they're not learning to be Christ, like if it's
Speaker 5: being extorted or extracted from, others it's really not.
Speaker 3: Contributing does that make?
Speaker 5: Sense, Absolutely, Mark and that's that's why we need to
Speaker 5: lean towards stewardship instead of government. Programs we need to
Speaker 5: care for one. Another AND i.
Speaker 6: Think that's a wonderful.
Speaker 3: Thing and hopefully you do.
Speaker 5: Too have to leave us storry to see you, go
Speaker 5: but the rest of you stay tuned At Financial issues
Speaker 5: dot org as we continue this conversation six ten three
Speaker 5: six three eleven.
Speaker 9: Tenth we're happy to have you, today folks On Financial
Speaker 9: issues the number six ten three six three eleven.
Speaker 2: Ten you can also check us out at financial issues dot.
Speaker 2: Org that's a great place to, go Especially Financial issues dot.
Speaker 2: Org Slash watch that's of course the place you can
Speaker 2: watch our live, Show Financial, issues as well As Stewardship,
Speaker 2: today which is our weekend show that we upload every,
Speaker 2: weekend new episodes Every. Saturday drop for, that so make
Speaker 2: sure check that out on the website as. Well, guys
Speaker 2: the markets have opened and they are down. Slightly it
Speaker 2: looks like that's What i'm seeing, Anyway, mark with the
Speaker 2: exception of the Dal jones that's, UP smp, Down nasdaq.
Speaker 3: Down and oil is also still, down which is.
Speaker 2: Good So, Mark gold must have heard what we were
Speaker 2: talking about, earlier because gold's up a percent this.
Speaker 3: Morning it kirked up a, Bit it perked up nicely so. Far.
Speaker 6: YEAH i think everybody ran out and started buying a
Speaker 6: little gold.
Speaker 3: And, said must be what they, did, right, guys six
Speaker 3: ten three six three eleven. Ten.
Speaker 2: MARK a great comment here From eddie And tennessee is, Saying,
Speaker 2: mark thanks for your comments about THE fim family sticking.
Speaker 2: Together we rely on your financial advice in moving through
Speaker 2: the financial storms of the future and preparing.
Speaker 3: For what may happen in the. Future that's Great. Mark,
Speaker 3: well Thanks.
Speaker 5: Eddie you, know hopefully that advice rings. True hopefully It's
Speaker 5: god's advice and not. Mine and that Says sam and,
Speaker 5: myself get out of the way and just listen to The.
Speaker 6: Lord, sure we have to look at what's going.
Speaker 5: On we have to interpret the, weather whether it's economic
Speaker 5: weather or financial.
Speaker 3: Weather but we want it to Be.
Speaker 5: God's And god's word gives us more insight than any
Speaker 5: anything we can get.
Speaker 3: From the daily.
Speaker 5: News so that's what we're trying to, do is bring
Speaker 5: you true, stewardship biblical, stewardship to help you prepare for the,
Speaker 5: future not just, tomorrow but.
Speaker 3: Forever, yeah well.
Speaker 2: Said mark six ten three six three eleven. Ten, mark
Speaker 2: we're getting a call From robert In South. Carolina why
Speaker 2: do we talk to?
Speaker 7: Him?
Speaker 3: Now let's do.
Speaker 5: That, Hey, robert welcome To Financial. Issues Happy. Monday what's
Speaker 5: on your?
Speaker 3: Mind?
Speaker 7: Mark how are you?
Speaker 5: Doing?
Speaker 3: Man i'm doing.
Speaker 7: Good, OKAY i have a question for you guys And.
Speaker 7: Mark it's probably more Towards. SETH i think he knows
Speaker 7: more about this.
Speaker 3: Portfolio, Well i'll go get a cup of. Coffee, THEN.
Speaker 7: I, MEAN i JUST i, mean we probably got some
Speaker 7: information on how to do the. Tags and my wife
Speaker 7: gets has the email AND i don't always see what comes,
Speaker 7: through SO i think it got zapped if you guys sent.
Speaker 7: One but how do we use these? Tags BECAUSE i
Speaker 7: found SOMETHING i can use him.
Speaker 3: For, Yeah, Robert i'm so glad you.
Speaker 2: Asked and, folks, again this is this is one of
Speaker 2: the features that we have on our portfolio, tracker as
Speaker 2: we call it the tagging. Feature so it's basically the
Speaker 2: ability to be able to assign your different investments to
Speaker 2: different uh you, know different types of investment accounts that
Speaker 2: you can. See, So, robert the thing that you do
Speaker 2: is when you go onto the portfolio track or, page
Speaker 2: you scroll down below the pie, chart below the bar,
Speaker 2: chart and there's that there's this line, There there's there's
Speaker 2: a little a circle with an eye, there and then
Speaker 2: there's a square button that says, all and then there's
Speaker 2: a square button.
Speaker 3: Next that that says add if you add.
Speaker 2: That so if you click that ad, button you can
Speaker 2: then add basically a tagging option for. You so say
Speaker 2: you have a four oh ONE, k you can add
Speaker 2: that in color code. It and then what you do
Speaker 2: with your particular investments is when you go down to,
Speaker 2: SAY i don't, know say you're holding any of the
Speaker 2: items that are on our by list right, now on
Speaker 2: the left hand, side you'll see a circle. Option it'll
Speaker 2: be color coded white once you initially add the actual
Speaker 2: position to it because it's not assigned.
Speaker 3: Anywhere but when you.
Speaker 2: Click that color coded you, know, circle that then gives
Speaker 2: you an option to be able to code it to
Speaker 2: whatever tag you would. Like that's just a real quick
Speaker 2: kind of example for, That. Robert BUT i will tell
Speaker 2: you we do have a video as. Well if you
Speaker 2: click on The Portfolio Tracker general guidelines up at the
Speaker 2: top of the, page that gives you a little more
Speaker 2: information on.
Speaker 3: It does that help it, All?
Speaker 7: Robert, So Robert, Jurie i'm right on THE Ta i'm
Speaker 7: on the, page you, KNOW i. Said.
Speaker 5: Good what THAT ad button does is allow you to
Speaker 5: make any type of a tag you. Want you can
Speaker 5: you can customize it to say anything you.
Speaker 6: Want it could be my.
Speaker 5: Portfolio my son's, portfolio four one k I ra or growth,
Speaker 5: stocks or whatever you want to. Do you can create
Speaker 5: as Many you can create the tags and customize.
Speaker 6: Them then you link them on each of THE uh
Speaker 6: on each of the individual.
Speaker 7: Securities, yeah we have one big area where we have
Speaker 7: most of our portfolio in THE, swab BUT i have
Speaker 7: a couple other areas THAT i can't always. See it'd
Speaker 7: be easy to be able to pull them up on
Speaker 7: this So i'm can see what they're doing.
Speaker 5: For.
Speaker 3: Sure you know WHAT i? Mean are, Those, robert are
Speaker 3: those other?
Speaker 2: Investments are they in a different type of account than
Speaker 2: your main one At.
Speaker 7: Schwab, well, yeah, Yeah maryland had A fidelity for years
Speaker 7: and so we still have kept. That and ALSO i
Speaker 7: have The. Timothy you, Know i'm a, pastor SO i
Speaker 7: have a four to one three beef with. Them.
Speaker 3: Nice so that that's that's.
Speaker 7: Where and it's just, easy be, easy peasy to punch
Speaker 7: in on this thing and pull the tags up and
Speaker 7: see WHAT i.
Speaker 5: Got, yeah that's that's an excellent use of.
Speaker 3: It, robert.
Speaker 2: Exactly So, robert what you could do is you could
Speaker 2: you could have a tag that is yours At, schwab
Speaker 2: you could have one for your wife's At.
Speaker 3: Fidelity you could have Your timothy four oh THREE.
Speaker 2: B each of those would be different color, coded but
Speaker 2: when you have it set to all on the portfolio,
Speaker 2: tracker you can see them all. Together they're just they're
Speaker 2: just color, coded so you can actually, tell, okay this
Speaker 2: one's in this particular account and so.
Speaker 3: Forth you can sort the. Tags, yeah, yeah, Exactly, okay.
Speaker 7: Good it shouldn't be a it shouldn't be a problem
Speaker 7: for me to fix. IT i just didn't LIKE i
Speaker 7: miss the guidelines or WHATEVER i was supposed.
Speaker 5: To do to do it so now, ANYWAY i, know
Speaker 5: you can always just call, in get a hold of
Speaker 5: one of. Us somebody will help walk you through if
Speaker 5: you need some help walking.
Speaker 2: Through that for, Sure, ROBERT i could EVEN i mean
Speaker 2: i'd Be i'd be glad to give you a call
Speaker 2: later today as. Well if you need any more info
Speaker 2: or maybe if you need any, information you can always call.
Speaker 3: ME i can get.
Speaker 2: YOU i can Have darlene give you my phone number
Speaker 2: and then we can we can talk later if you
Speaker 2: need the.
Speaker 3: Help but if you've if you've got, it, Awesome.
Speaker 7: Okay, listen you know you were talking about The bible versus,
Speaker 7: today you, know and incentive is drive what we. Do
Speaker 7: and people don't understand that incentives make us. Work and you, Know,
Speaker 7: mark like you, said your father would say good. Job
Speaker 7: mom was more likely to tell me good job and
Speaker 7: the things THAT i. Did and, see people don't realize
Speaker 7: when socialism and communism comes in the, market there's absolutely
Speaker 7: no incentive to do, anything.
Speaker 5: None, whatsoever right, Right there's no reward for doing a good.
Speaker 6: Job there's no you don't get to partake in doing
Speaker 6: a good.
Speaker 5: Job it's just so why would, YOU i, mean everybody
Speaker 5: is forced.
Speaker 6: Into the lowest common.
Speaker 5: Denominator that's why it didn't work In america in the founding.
Speaker 6: DAYS i don't know.
Speaker 5: If most people know, this but originally the companies that
Speaker 5: would come, over that's what they were called. Companies they
Speaker 5: were sponsored by. Companies they'd come, over they set up their,
Speaker 5: camps they'd set up their, things but they'd all work
Speaker 5: together to produce, together and then they'd all share in. Equally, well,
Speaker 5: obviously lazy people wouldn't work, hard and then those who
Speaker 5: were working hard finally gave, up and we almost lost
Speaker 5: all our colonies because of. That and then they decided
Speaker 5: to start letting people tend their own gardens and reap
Speaker 5: the benefits from. That and when that started, happening it started.
Speaker 5: Blossoming so yeahanism, socialism it doesn't. Work it always will
Speaker 5: take you down to the least, productive and low productivity creates,
Speaker 5: depression it creates obviously, need there's just so many ugly
Speaker 5: things about. It eventually it, collapsed and from What i've seen,
Speaker 5: historically that's within, years not within, decades you, know so
Speaker 5: you're absolutely, Right.
Speaker 3: Robert.
Speaker 7: Yeah the prime example Is jamestown because the dairy rail
Speaker 7: And jamestown was like ninety five percent because they wouldn't.
Speaker 7: Work and they brought these guys they had a name for,
Speaker 7: them BUT i can't come up with it, now but
Speaker 7: they were elders men or, something and they would bring
Speaker 7: servants to work for, them and they wouldn't. Work the
Speaker 7: thing that Saved James jamestown was there WAS i can't
Speaker 7: remember the guy's, name but they brought somebody in and
Speaker 7: he made anybody who hadn't worked back on them. Boat
Speaker 7: that's the only thing to. Say jamestown and The pilgrims
Speaker 7: are the ones that first tried the capitalist. Thing they did.
Speaker 7: That they did exactly what he Said. Mark they appointed
Speaker 7: fields for people, who you, know for their own, profit and,
Speaker 7: boy that's when things took off there when The pilgrims were.
Speaker 7: Here so but, anyway that's why the socials don't want
Speaker 7: us reading these.
Speaker 3: Books that's, right that's the. Key that's.
Speaker 5: What, yeah let's not let's not talk about the truth
Speaker 5: about what really. Happened then let's, uh you, know everybody, says,
Speaker 5: well we got to look at some other country to
Speaker 5: see how bad. Socialism, no just look at the founding
Speaker 5: of our. Country we wouldn't have a country if we
Speaker 5: would have stuck to.
Speaker 7: It, yeah and, see incentives drive the gross national product
Speaker 7: and everything.
Speaker 3: Else so anyway and product.
Speaker 7: Of this phone's not messing with you. Guys BUT i
Speaker 7: appreciate all you guys. Do the only Thing i'm disappointed
Speaker 7: about IS i didn't get you in on land that they.
Speaker 4: Want i'm sure we'll get there, something We'll, robert there's still,
Speaker 4: time there's Still let.
Speaker 7: Me thank you so much for everything you.
Speaker 3: Do god bless.
Speaker 6: You good good.
Speaker 3: Call you.
Speaker 5: Know the socialism, thing it's so true that we almost
Speaker 5: lost before the country even. Began when we were Settling,
Speaker 5: america When europe was Settling, america socialism was the. RULE
Speaker 5: a lot of people didn't know that everybody worked for
Speaker 5: the company and nobody worked for. Themselves and because of,
Speaker 5: that nobody had any incentive except to stay. Alive and
Speaker 5: and a lot of people died because of. That because
Speaker 5: there were lazy. People there were people who weren't going
Speaker 5: to do, anything and they didn't see any. HOPE i
Speaker 5: think that's the thing that's missing the, most is. Hope with,
Speaker 5: stewardship there's hope because you're not just doing it for,
Speaker 5: yourself you're doing it for the. Kingdom and you're doing
Speaker 5: it for others and. Yourself it just all comes together
Speaker 5: in a beautiful. Way six' ten three six three, eleven ten,
Speaker 5: six ten three six three.
Speaker 6: Eleven ten give us.
Speaker 5: A call maybe you remember some of your early day,
Speaker 5: educational classes or maybe they never talked this to you
Speaker 5: when you were.
Speaker 3: In school but they.
Speaker 5: Did us THAT'S why I think roberts said we got
Speaker 5: to get back to.
Speaker 8: The books.
Speaker 10: The opinions and recommendations expressed on this program do not
Speaker 10: necessarily represent the opinions of the station or any of the. Program,
Speaker 10: sponsors additionally all products or services offered by the program
Speaker 10: sponsors may not be known by.
Speaker 2: The, program folks we'll get you in six ten three
Speaker 2: six three, eleven ten especially anyone who wants to kickstart
Speaker 2: a good old fashioned. Mark rant we would, welcome you
Speaker 2: especially if you want to call IN six.
Speaker 3: I don't have. To rant we have such great.
Speaker 5: People listening, For example robert he knew the history of
Speaker 5: the Settlement. Of america i'm looking at the Looking at
Speaker 5: george in. The chat he's, bringing, Up Uh, william bradford
Speaker 5: he's bringing up the the The The mayflower compact which
Speaker 5: everyone owned, the land no. Private, ownership well if there's no,
Speaker 5: private ownership there's no there's. No responsibility if there's, no
Speaker 5: responsibility nothing. Gets done i've, ran BUSINESSES and i know
Speaker 5: as soon as everybody is responsible, for everything it just
Speaker 5: goes down to two means.
Speaker 4: No one is responsible, for, anything.
Speaker 5: Right, Exactly right and and there's no incentive there for
Speaker 5: anybody exactly anyway we HAVE such i don't need. To
Speaker 5: rant everybody else is going to take care of it.
Speaker 3: For you six ten three six three. Eleven.
Speaker 2: Dead mark here's a good Question from Manuel In. South dakota, He's,
Speaker 2: saying mark the growth mutual fund allocation model has a
Speaker 2: certain percentage, in commodities but there are no funds available to.
Speaker 2: Choose from can you comment on what your recommendation is
Speaker 2: regarding this sector for investors following the mutual.
Speaker 3: Fund, Model well.
Speaker 6: I'm a little bit confused. In that don't we have sprout?
Speaker 5: Physical gold, we do IT'S, an etf it is a
Speaker 5: fund pH y s would. Be one and then there's the,
Speaker 5: physical silver Isn't? There yep there, absolutely, Is, yeah yeah,
Speaker 5: so yeah we have we have the two major ones
Speaker 5: covered ps L. V uh that's that's the sprot physical
Speaker 5: silver both those. Are ETFs both those trade like a
Speaker 5: stock but are actually funds that and, they're physical meaning
Speaker 5: that when you put money, into this they. Buy effectively
Speaker 5: this is how. It works they buy more. Silver gold
Speaker 5: when people exchange, their share they sell silver, or gold
Speaker 5: depending on the depending on. The fund, so yeah there's.
Speaker 5: No reason so those are the two i'd.
Speaker 2: Be, recommending, Yeah Absolutely, so manuel go and check those
Speaker 2: out and check them out again on the by lists
Speaker 2: there and follow up you have any, More, questions brother
Speaker 2: it's a.
Speaker 3: Good, One, Absolutely, Yeah seth i'm going to put you to.
Speaker 4: WORK here i got a. Fun one let's just in
Speaker 4: From walt age. Sixty one i'm using the growth and. Income,
Speaker 4: model well building, THE portfolio i purchased stocks that were
Speaker 4: moved from a buye to, a hold resulting in having
Speaker 4: multiple stocks valued at less than one percent of the.
Speaker 4: Portfolio value continuing to fill out, THE sectors i purchase
Speaker 4: new stocks on top of that from the, buy list
Speaker 4: And now i've ended up with forty five to fifty stocks.
Speaker 4: Or POSITIONS should i sell some of those positions on
Speaker 4: the whole list to reduce the number?
Speaker 3: Of, stocks, well well.
Speaker 2: YOU know i like your, thinking there and especially if
Speaker 2: your goal is to make the portfolio easier. TO manage
Speaker 2: i would definitely encourage on what if.
Speaker 4: His goal is to collect just all, the time don't just?
Speaker 3: Collect, everything yeah keep on, keep.
Speaker 2: Don't gentleman, You, know mark forty five or fifty stocks
Speaker 2: can become a, LITTLE cumbersome, i think especially when YOU
Speaker 2: know i would assume at least probably several of those
Speaker 2: represent less than one percent of, The portfolio so in,
Speaker 2: other words they're not really meaningful contributors to your to.
Speaker 3: YOUR portfolio i.
Speaker 2: Wouldn't automatically sell something simply because it moved from by.
Speaker 2: To hold but what you might do is start with
Speaker 2: those weaker holdings in the positions that you have the
Speaker 2: least conviction in and maybe move on from those and
Speaker 2: use that as an opportunity to clean up the. Portfolio rebalance,
Speaker 2: that way you can aim for those appropriate positions closer
Speaker 2: to your normal three to five percent entry level and
Speaker 2: maintain proper sector.
Speaker 3: Diversification, too mark the number that.
Speaker 2: We always tell people is generally between like twenty and.
Speaker 3: Forty positions is? That correct there generally.
Speaker 5: Average thirty thirty. Different positions and the reason we say
Speaker 5: that is because at three percent three to, five percent
Speaker 5: you're going to be at around, thirty positions, you know
Speaker 5: twenty five to, thirty positions so that that's a. Good
Speaker 5: number it doesn't have to be. That number it could be,
Speaker 5: substantially less especially if you're using some funds or ETFs.
Speaker 6: In there because then you have a lot more.
Speaker 5: Than, ave obviously everybody just looks at a fund as,
Speaker 5: a position but it's really not a. Single position it's
Speaker 5: anywhere from dozens to hundreds of different positions inside. That
Speaker 5: fund so if you're carrying mutual funds as well, or
Speaker 5: ETFs that number could be a little. Bit different, but
Speaker 5: yeah it's easier. To manage and that's the bottom line
Speaker 5: there For what waltz. Talking about but also when you
Speaker 5: get it down to, so small you could diversify yourself
Speaker 5: out to just BEING an smp five hundred or, you
Speaker 5: know an index fund that really may not go anywhere
Speaker 5: because when something else is, going up something else is.
Speaker 3: Going down can it's like canceling itself out.
Speaker 5: Right right the goal is to find financial issues steal
Speaker 5: core companies that have the higher potential. Of return so
Speaker 5: the ultimate goal is over the, long term to be
Speaker 5: outpacing the way to well. Diversified, Indexes, Absolutely mark i'm
Speaker 5: glad that you brought up the thing about, over diversification
Speaker 5: because we DO tell, i.
Speaker 3: Mean listen diversification is a core part of. Our strategy
Speaker 3: but the, old saying too much of a good thing
Speaker 3: can be.
Speaker 2: Too much too much diversification can be too much where
Speaker 2: it starts to harm, your portfolio.
Speaker 5: For.
Speaker 7: Sure.
Speaker 5: Right absolutely remember there are bad companies that have made
Speaker 5: it onto. The exchanges there's reasons some of them get
Speaker 5: taken off the exchanges after, a while because they've just
Speaker 5: deteriorated and stuff. Like that the goal is not to
Speaker 5: own those kind. Of companies the goal is to own
Speaker 5: the better of, the companies and by, doing so you
Speaker 5: positioning yourself to hopefully have a better return than. Just
Speaker 5: neutral if it's going to, be neutral you might as
Speaker 5: well just be in a.
Speaker 3: Money. Market, Yeah. Absolutely mark here's a Question From dan dan.
Speaker 2: Sixty six he says he's asking ME about kkr tick.
Speaker 2: OR symbol kkr has made an offer To. Acquire, Ugi,
Speaker 2: recently UGI which, i own shot up almost.
Speaker 3: FORTY dollars i believe it's forty dollars.
Speaker 2: A share would this be a good time to sell
Speaker 2: or WOULD, keeping ugi which MAY, become kkr be a.
Speaker 2: Better option i've been retired for, two years sixty six.
Speaker 2: Years old seventy percent of my portfolio is in a
Speaker 2: money market. Or CDs most are long, term CDs earning
Speaker 2: approximately four and a. Half percent the rest of my
Speaker 2: portfolio are in dividend earning stocks and. Preferred stocks most
Speaker 2: stock dividends are utilities.
Speaker 3: And energies what do you think mark For dannag so we.
Speaker 6: Have, it yeah we have a conservative income.
Speaker 5: Portfolio Here so i'm going to extract from that that
Speaker 5: you your sleep factor is as a, concerservative investor also
Speaker 5: that you're in the income time of your life where
Speaker 5: you're producing income.
Speaker 3: For yourself so given your.
Speaker 5: Retirement positions and, Your allocation i'd lean towards selling at
Speaker 5: least PART of ugi to after that jump from when
Speaker 5: that announcement. Came out YOU know kkr THEY reported i
Speaker 5: think it's forty two to fifty, per SHARE and ugi
Speaker 5: is trading around thirty seven thirty seven.
Speaker 3: Point five that.
Speaker 5: Means there's really an additional upside if the deal, goes
Speaker 5: through by about ten percent nine, ten percent.
Speaker 3: But the stock could also fall if it doesn't. Go
Speaker 3: through so. Right now it's just talk.
Speaker 6: Quite, FRANKLY.
Speaker 5: Dan i think based on your sleep factor and based on,
Speaker 5: your portfolio. I'd sell i'd sell a portion, of it,
Speaker 5: you know sell fifty or seventy ft five percent now
Speaker 5: and hold the balance in case it actually does. Go
Speaker 5: through that would be my suggestion. To you it would
Speaker 5: fit more with who you are and where you're at.
Speaker 3: Right, now, Yeah, awesome dan it's a, good. Question brother. Appreciate.
Speaker 2: That mark We've got jeffy's, sixty Seven says mark. Sixty
Speaker 2: seven in a, growth portfolio would it make sense to
Speaker 2: invest some of my utility sector into preferred stocks on
Speaker 2: the by list to get a better rate? OF return
Speaker 2: i don't anticipate in meeting the principle for about five years.
Speaker 2: Or more thanks so Much, To fimtam you're faithless to.
Speaker 2: The lord FOLLOWING the fis model has been a blessing to.
Speaker 2: My family what would you Have for, Jeff, Here, mark, Well.
Speaker 6: YEAH jeff i think that that can make sense.
Speaker 5: For a portion of your, utility allocation particularly if you
Speaker 5: want to be adding more dependable income without abandoning your.
Speaker 5: GROWTH strategy i know preferds don't really have a lot
Speaker 5: of growth but if they're, already undervalued you do.
Speaker 6: Have that let's say it's.
Speaker 5: At one of the preferreds is traded at nineteen instead of,
Speaker 5: twenty five which which is probably would be its. Call
Speaker 5: price you do have some. Upside THERE but i wouldn't
Speaker 5: make the change simply because you're. Sixty seven your, time
Speaker 5: arising income needs and overall asset allocation matter far more than.
Speaker 6: Your age AND what i mean, By that with.
Speaker 5: Five years plus before you expect to need, the principal
Speaker 5: you still have time for your equities. To WORK so
Speaker 5: i wouldn't panic. OR move i just moved gently in,
Speaker 5: that direction step. By step if you go into the,
Speaker 5: partner's hub you look up on the by lists and
Speaker 5: you find out preferred that in the utility section that's
Speaker 5: PAYING that i, don't know six eight, nine percent maybe
Speaker 5: even in a. Little undervalued maybe you sell one of
Speaker 5: your sell something off and then buy into that and
Speaker 5: then do it a step at, A time, no rush
Speaker 5: just gently.
Speaker 2: Move on awesome quick one here to finish, The Show
Speaker 2: mark peter in our chat is saying are you are
Speaker 2: you saying thirty stocks is the ideal no matter the
Speaker 2: size of. THE portfolio I think i'd want many more
Speaker 2: than THIRTY if i had like a ten million dollars
Speaker 2: portfofit is that logic, Makes, Sense, mark.
Speaker 5: Yeah, you know it kind. Of does but remember there's
Speaker 5: more to it than just the size of. The, portfolio
Speaker 5: obviously size does matter in this situation because of one
Speaker 5: percent on ten million dollars and you're at one hundred
Speaker 5: thousand dollars. Buy in, so yeah that that isn't a
Speaker 5: small thing and it can have a reasonable.
Speaker 6: Impact in everyday life.
Speaker 5: That way, So yeah i'm glad you bring. That up
Speaker 5: and actually that was on my mind as we were talking,
Speaker 5: about that so thank you for bringing. That up you could,
Speaker 5: have more but it also you need to be able to.
Speaker 3: Manage that if you.
Speaker 5: Can't manage one hundred different stocks, every month if you
Speaker 5: go into, the portal or if you're trying to do
Speaker 5: it yourself and you can't, do it then you need
Speaker 5: to bring it down to. Being manageable That's all i'm saying,
Speaker 5: With that, but yeah that can change with. THE amount
Speaker 5: i want to thank everybody for. BEING here i want
Speaker 5: to thank you for Loving the lord. SO much i
Speaker 5: want to thank you for investing with. Biblical integrity this is,
Speaker 5: financial issues and we're glad you're, with us and we
Speaker 5: look forward to. Seeing, yourmorrow hope hopefully you'll have A.
Speaker 3: Great monday god. Bless everyone
Speaker 7: If we ever forget that we're one Nation, under god
Speaker 7: then we will be a nation