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: today's show, folks, should you allow your children to have
Speaker 2: an allowance? Or could that allowance allow entitlement to move
Speaker 2: in rent free?
Speaker 3: We'll discuss Looking forward.
Speaker 2: To the show today, folks, Sethi Dinsky, Sam Case in
Speaker 2: the control room and your host Mark Minila Mar Good morning.
Speaker 3: Brother, Good morning, What a what a spiffy topic to talk.
Speaker 2: I gotta tell you how sometimes I impress myself with
Speaker 2: those interests.
Speaker 3: Mark. You know what's interesting about it is that everyone
Speaker 3: I speak to about allowances for children has a different
Speaker 3: idea on them.
Speaker 2: That's my understanding of it too, Mark, is everybody and
Speaker 2: it's it's one of those topics that you go one
Speaker 2: way or the other. There's not a lot of middle
Speaker 2: ground there. So I'll be interest to see what our
Speaker 2: chat says. And no matter what you say, people are
Speaker 2: gonna say. I hate you and you should die. You
Speaker 2: have the wrong opinion.
Speaker 3: Start, somebody gets Sam some coffee. I'm not saying that
Speaker 3: other people are saying.
Speaker 4: Didn't this whole thing start because you posted a video
Speaker 4: about Yeah?
Speaker 5: I did.
Speaker 3: Yeah, let's get let's get right to it, guys.
Speaker 2: So the last week I posted the video on our
Speaker 2: social media pages, is asking this question, is it wise
Speaker 2: to give children an allowance?
Speaker 1: Yes?
Speaker 6: Or no?
Speaker 2: I didn't share my opinion, just asked the question, got
Speaker 2: a lot of responses for it. I was pleasantly surprised
Speaker 2: Sam and Mark that the responses were quite tame.
Speaker 5: They they were not you know, people weren't throwing pitchforks.
Speaker 4: Okay, maybe I visit the wrong web religious to read
Speaker 4: the chat.
Speaker 3: I don't know.
Speaker 2: But there were some interesting questions and comments about it, guys.
Speaker 2: So why don't we jump right in with this one.
Speaker 2: This first one came in from a listener on YouTube
Speaker 2: named Ena Woods, and Ina said, yes, the answer is yes, it.
Speaker 5: Is wise to give children an allowance.
Speaker 2: She said, how does a child understand the value of
Speaker 2: money and budget without having experience with money. Our children
Speaker 2: had chores to do, were paid according to the ones
Speaker 2: done that way. I was not badgering them to do
Speaker 2: their chores, so it gave them incentive. Mark she said,
Speaker 2: consequences with a teacher, it was agreed on what we
Speaker 2: would pay for and what they would pay for, which
Speaker 2: was adjusted as they got older, and when they got
Speaker 2: to college, they weren't overwhelmed with paying for expenses because
Speaker 2: they had learned how to budget on a small scale.
Speaker 3: Mark your thoughts. Yeah, I agree with a lot of
Speaker 3: what she said. I think we need to be careful
Speaker 3: here because there is something to be said about a
Speaker 3: child needs to learn to take care of themselves and
Speaker 3: their things anyway. But you know, you shouldn't pay them
Speaker 3: to do the basics, like you know, take a bath,
Speaker 3: wear clean clothes, make up your bed. There should be
Speaker 3: some chores that they need to learn to do because
Speaker 3: they need to learn to grow up. You know, they
Speaker 3: need to learn how to be a grown up. But
Speaker 3: there's other chores you could pay them above and beyond
Speaker 3: the basics of learning how to be an adult. You
Speaker 3: could pay them to do and such as such. You're
Speaker 3: giving them the opportunity to learn how to handle money,
Speaker 3: and you're giving you an opportunity to mentor them into that.
Speaker 3: I mean allowance can teach a child a whole lot
Speaker 3: about giving, saving, spending, delayed gratification, budgeting, personal responsibility. I
Speaker 3: remember my son, he wanted to get a little doll.
Speaker 3: He was a little guy, but he also had what
Speaker 3: was it he wanted? I forget exactly what he wanted,
Speaker 3: but he had one of the Subamese street dolls that
Speaker 3: he really liked, Burt or Ernie doll and.
Speaker 2: Back before they were all communists Mark, yeah, exactly, but
Speaker 2: they were still publicly funded.
Speaker 3: The oh I remember what it was.
Speaker 7: Yeah.
Speaker 3: And so he we were there at the store and
Speaker 3: he wanted this other thing, and I wanted to give
Speaker 3: him a learning moment on it. I said, well, you
Speaker 3: know that costs money, and he says, but I don't
Speaker 3: have money. He said, well maybe you could trade Bert
Speaker 3: for that, and and he looked at me and he
Speaker 3: said okay. And so we went up to the counter
Speaker 3: and I'd already talked to the lady at the counter
Speaker 3: at the checkout, and and he put the little toy
Speaker 3: you on it, and then he said it put his
Speaker 3: Burt doll up there, and uh. She said, okay, very good.
Speaker 3: That's a good trade. And and he learned right away
Speaker 3: that you Sometimes there's sacrifice for things, you know, and
Speaker 3: I don't know. I think it was a good lesson. Obviously,
Speaker 3: we still kept the Burt doal but and paid for
Speaker 3: it out of pocket. But he learned a lesson, and
Speaker 3: I think that's really good. If we don't ever give
Speaker 3: our children a moment or or if we don't have
Speaker 3: mentoring times with our children, how will they ever learn
Speaker 3: to handle money in a way that honors God. So
Speaker 3: by starting allowance very small, maybe you know, well, okay,
Speaker 3: you do all the basics you have to do. That
Speaker 3: are their consequences because you need to learn to grow up,
Speaker 3: you know. But then there's also you want to earn
Speaker 3: a little money. Well, here's some chores that you could
Speaker 3: do above and beyond that that will pay you to do,
Speaker 3: and then you can utilize that money any way you want.
Speaker 3: But we're going to help you understand how God would
Speaker 3: want us to do it. So you sit down and
Speaker 3: you talk about, okay, here's your ten dollars. One dollars
Speaker 3: should come out of that for you to give on
Speaker 3: Sundays to the Lord, to show God that you trust
Speaker 3: them with it, that you realize it's all His and
Speaker 3: you trust them, so you're given back to make sure
Speaker 3: you don't become a materialist, you know, and then maybe
Speaker 3: a portion of that could go to savings so you
Speaker 3: can buy that new bike or whatever you want in
Speaker 3: the future, and the rest you could spend as you want.
Speaker 3: You're teaching delayed gratification, you're teaching budgeting, you're teaching giving,
Speaker 3: You're teaching personal responsibility. Is what it comes down to.
Speaker 3: It's an opportunity to help ingrain that in them before
Speaker 3: they get too old and it becomes hard for them,
Speaker 3: especially the delayed gratification part.
Speaker 2: I think that's really important, you know, Mark, you you
Speaker 2: had brought up and I can't remember if you had
Speaker 2: said this or even if this was in the question too,
Speaker 2: but kind of the question of which which chores would
Speaker 2: be good for the allowance, Because if it's just like, oh,
Speaker 2: you got up this morning and you brush your teeth,
Speaker 2: good job. I'm here, here's five dollars, Well, that's expected, right.
Speaker 2: But if it's something that's beyond expected, right, it's something
Speaker 2: that Yeah, So what would be a good type of chore?
Speaker 2: And I don't get specific here, but what's the type
Speaker 2: of chore that earns an allowance? Versus one that you're
Speaker 2: just like, well, you're expecting to do that because you're
Speaker 2: a part of this functioning household.
Speaker 3: Yeah. I think part of that would be based on
Speaker 3: the parent. For example, most parents would say whatever, I
Speaker 3: don't want to do.
Speaker 4: No, that's why I'm just the porch for twenty bucks.
Speaker 3: I didn't want to do it, and.
Speaker 2: I wanted it was a deal for your dad probably say,
Speaker 2: oh yeah, I would.
Speaker 3: Be stuff like that. For example, Uh, I don't know.
Speaker 3: I mean mowing the lawn. My parents paid us the
Speaker 3: mode lawn, which was nice.
Speaker 1: You know.
Speaker 3: Uh. From there, I started mowing other people's lawns, so
Speaker 3: it you know, I was getting paid at home. I
Speaker 3: could go knock on doors and get paid by other people.
Speaker 3: So that was nice too. So it taught me a
Speaker 3: little bit about entrepreneurship by doing that. Or you know,
Speaker 3: one time off type projects like maybe you're organizing the garage.
Speaker 3: Paid them to help organize the garage maybe, or you know,
Speaker 3: cleaning the basement. Maybe there's something, you know, we need
Speaker 3: to put up some shelving. Once I get that shelving up,
Speaker 3: i'd like you to organize the shelving. That kind of things.
Speaker 3: One off items like that, or washing the car. You know, yes,
Speaker 3: I said washing, That's what I said, Seth.
Speaker 5: Washing the car, Kevin Kevin Washington car.
Speaker 3: Yeah, so so you know, washing the car. Are doing
Speaker 3: things that aren't normal everyday type of things. How about
Speaker 3: even paying them to do some work for some other people,
Speaker 3: to help out the elderly couple across the street. Yes,
Speaker 3: it'd be nice if you do that without being paid.
Speaker 3: But you know, sometimes people come along who have money
Speaker 3: and will pay people to help people who can't help themselves.
Speaker 3: You learn about that, You learn about all sorts of things.
Speaker 3: So it would be the the not the everyday items
Speaker 3: you need just to be a grown up, but beyond that,
Speaker 3: you know, the occasional things trimming the bushes, that kind
Speaker 3: of thing.
Speaker 2: Yeah, absolutely makes a lot of sense, Mark Boy. Folks,
Speaker 2: we'd love to hear your thoughts. There are plenty of
Speaker 2: thoughts already in our chat right now, Mark, but I
Speaker 2: really do want to open it up to you, folks.
Speaker 5: You know, now's the time to give us a call.
Speaker 2: There's no guests on today's show, so we've got plenty
Speaker 2: of time to talk to you.
Speaker 5: Chime in on this question. I want to hear from
Speaker 5: you we want to hear from you.
Speaker 2: Is giving an allowance to kids for chores, a good
Speaker 2: idea or a bad idea, or somewhere in between.
Speaker 5: We'd love to hear from you.
Speaker 2: We'll try to get to those chat comments, but before
Speaker 2: we get to them, I want to hear from some
Speaker 2: folks on our phone line, Mark, because I think there's
Speaker 2: a lot of opinions out there.
Speaker 3: For sure.
Speaker 1: Yeah.
Speaker 3: Absolutely. And you know, one of the things that seems
Speaker 3: to be one of the first pushbacks I get when
Speaker 3: we talk about allowances whenever I talked about it, is, hey,
Speaker 3: I provide them food and shelter and clothing. You know
Speaker 3: that's enough. That's enough for them. You know, it's like,
Speaker 3: wait a minute, Mark.
Speaker 5: I surely had a buddy of mine.
Speaker 2: I was teaching a Sunday school class on finances at
Speaker 2: our church this past semester, and one of my dear friends,
Speaker 2: when I asked this question to the class, that's exactly
Speaker 2: what he said. He was like, I didn't have an allowance.
Speaker 2: My allowance was I got to live rent free and
Speaker 2: eat food rent free, and be a a s member
Speaker 2: the household without having to pay for it.
Speaker 3: You know, yeah, yeah, I get it, And there's a
Speaker 3: little bit of truth in there, and it actually sounds
Speaker 3: kind of funny. You're lucky to have a roof over
Speaker 3: your type of thing, But the reality is that's your
Speaker 3: responsibility as a parent. When you brought a child in
Speaker 3: the end of this world. It's your responsibility to feed, clothe,
Speaker 3: and protect them. It's also your responsibility to mentor them
Speaker 3: into the ways of the Lord. And that's what stewardship
Speaker 3: is all about. And if you create an allowance and
Speaker 3: you do it properly, it gives you opportunity to mentor
Speaker 3: your children so that they're way ahead of the rest
Speaker 3: of the world when it comes to finances. And that's
Speaker 3: what it's all about. Once you learn how to honor
Speaker 3: God with all that He's entrusted to you, even as
Speaker 3: a five or ten year old, you learn what it
Speaker 3: means to be a steward and you actually have a
Speaker 3: step up above the rest of the world. It's wonderful.
Speaker 3: Six ten three six three eleven ten. You might have
Speaker 3: an opinion on this, folks.
Speaker 2: We're grateful to have you on financial issues today. I
Speaker 2: phone number six ten three six three eleven ten. It's
Speaker 2: an interesting topic and we already get some calls on
Speaker 2: it here, Mark, why don't we go to the phones
Speaker 2: now and talk to Brenda calling from Georgia.
Speaker 3: Very good, Welcome Brenda. We're glad you're with us. What's
Speaker 3: on your mind this morning?
Speaker 6: Good morning? Well that springs up some memories for me.
Speaker 6: We raised four boys, and we really taught them to
Speaker 6: work hard. And what I've noticed is a lot of
Speaker 6: their friends had not been taught to work hard, and
Speaker 6: I've seen it carry over into their careers. And one
Speaker 6: of the things that we decided to do, which was
Speaker 6: kind of a little bit of a jump for us
Speaker 6: to do it, but we figured out what we were
Speaker 6: paying on for clothes for them and school lunches and
Speaker 6: things that were normally what we would buy for them,
Speaker 6: and we gave them salaries at age twelve and on
Speaker 6: and they they have this salary to use and they
Speaker 6: were allowed to save anything they didn't spend, but they
Speaker 6: had to give to the church. They couldn't look like
Speaker 6: they were dressing from the Salvation Army. They had to
Speaker 6: dress scently. And we kind of got pickled because they
Speaker 6: were really into at the time Abercrombie shirts and stuff,
Speaker 6: and we said, we're just not going to pay that
Speaker 6: kind of money for clothes, and their friends were all
Speaker 6: wearing it. So once we put them on the salary,
Speaker 6: their tastes totally changed. They chose much more reasonable brands
Speaker 6: and even started pushing it on their friends and said, oh,
Speaker 6: you're silly to buy that brand of shoes. I got
Speaker 6: the same thing for much cheaper. And then they would
Speaker 6: buy birthday gifts out of their money for their friends
Speaker 6: and it just became more meaningful. And I think they
Speaker 6: were very proud of themselves because they were managing their
Speaker 6: own money. And of course, of course we had them
Speaker 6: do it differently. We had a few that ran out
Speaker 6: of money, and then we told them, if you pack
Speaker 6: your own lunch, we'll even allow you to keep your
Speaker 6: lunch money. If you pack your own, that'll be a
Speaker 6: bonus for you. So we let them pack their own
Speaker 6: lunches and gave them their school lunch money. And it
Speaker 6: had to be healthy, you know, we had parameters for everything.
Speaker 6: But they did such a good job, and I feel
Speaker 6: like it really prepared them in a lot of ways
Speaker 6: for money management.
Speaker 3: I think you might be right because what you said
Speaker 3: about occasionally they'd run out of money and couldn't do
Speaker 3: what they wanted to do. Those consequences are really important
Speaker 3: to teach people how to budget and save and not
Speaker 3: go crazy. I remember one of my kids did the
Speaker 3: same thing. He ran out of money. He really wanted something,
Speaker 3: and I said, well, you know what, you spent it
Speaker 3: yesterday and the day before on these things, even though
Speaker 3: you knew you wanted to buy this, and so you're
Speaker 3: just going to have to wait a couple more weeks
Speaker 3: till you earn the money. And it it does teach them,
Speaker 3: It teaches them to be productive. I'm glad you brought
Speaker 3: this up because I think one of the reasons I
Speaker 3: have a work ethic to where it's almost a work addiction,
Speaker 3: it's almost overlying, is that is because as a child,
Speaker 3: if I wanted some my parents said, go earn the money,
Speaker 3: you know, if you want something going on. Not that
Speaker 3: not that they were mean. I mean they gave us.
Speaker 3: They took care of us, and they did provide for us,
Speaker 3: you know, and they did did love on us, never
Speaker 3: went without, even though we were maybe in a low
Speaker 3: income bracket.
Speaker 7: Uh.
Speaker 3: You know, Mom and dad both worked, but they just
Speaker 3: taught us that, you know, you could do anything you
Speaker 3: wanted to do. But you know, you have to put
Speaker 3: your energy into it. And I learned that real early
Speaker 3: because of that, and I really appreciated that. Absolutely. I
Speaker 3: would have liked a little more mentoring on how to
Speaker 3: handle money and stuff, but especially on the giving end,
Speaker 3: even though my mom and dad really did care for
Speaker 3: people and helped a lot of people out, so that
Speaker 3: lesson alone stayed with me and my wife and I were,
Speaker 3: you know, we're the same way. If there's somebody in need,
Speaker 3: we can't stand by and not help, you know, mm hmm.
Speaker 6: That's the other thing too, is taking them with you
Speaker 6: when you're doing service projects or giving other people and
Speaker 6: them being a part of that. We would we would
Speaker 6: sometimes take them with us on workdays and things when
Speaker 6: it was for a charity, and that was always a
Speaker 6: good also a really good eye opener for them that
Speaker 6: not everybody has all the stuff that they think they need.
Speaker 6: So those were that's just two comments. I want to
Speaker 6: make one other thing. We had Saturday work days and boy,
Speaker 6: they they thought it was awful and their friends didn't
Speaker 6: have to do that, but they worked a section of
Speaker 6: each Saturday with us, and it was a family. We
Speaker 6: all got out there together and work and today they
Speaker 6: would say, that's the best thing we did.
Speaker 3: Yeah when they look back on it now, right, Yeah, yes, Brenda,
Speaker 3: You're bringing back so many memories of my youth. I
Speaker 3: just love it, especially, you know. And as a young parent,
Speaker 3: I remember my kids talking about the type of ten
Speaker 3: issues they wanted, and I'd say, you know, no, this
Speaker 3: is what we're going to spend on. Ten is anything
Speaker 3: over that is up to you. I'm not going to
Speaker 3: I'm not going to spend one hundred dollars. Back then,
Speaker 3: tennis shoes were fifteen to twenty bucks, you know, but
Speaker 3: if you wanted these stylish ones, they were seventy five
Speaker 3: doll hundred dollars. And it's like, no, these are the
Speaker 3: sinner shoes we're going to buy. They don't have some
Speaker 3: athletes name on them, and they don't you know, you're
Speaker 3: not paying to be cool. Pain to be cool is
Speaker 3: one of the worst ways, or one of the best
Speaker 3: ways to lose all your money.
Speaker 6: Well, and they really developed a pride that they were
Speaker 6: handling their own money. And I just remember one of
Speaker 6: my sons going, boy, I can't believe you paid that
Speaker 6: for those shoes. I got these and they look just
Speaker 6: like them in their way.
Speaker 3: Praise God. I wish I could high five you right now.
Speaker 3: Good job, good job, Thanks Brenda, God bless you.
Speaker 5: It's great comment. All right, appreciate it that you know, Mark,
Speaker 5: it is so important. Brenda brought that up.
Speaker 2: It's so key to this whole discussion, and Sammy mentioned
Speaker 2: this in our break. We're not talking about the whole Oh,
Speaker 2: you're just getting a weekly allowance for being alive.
Speaker 5: This is how you have earned this money through whatever
Speaker 5: it is.
Speaker 2: Maybe maybe it's regular, maybe it's regular recurring chores, or
Speaker 2: maybe it's special chores. But you're teaching your children the
Speaker 2: value of earning something by working for it.
Speaker 3: That's a really good thing.
Speaker 5: I just think that's really exactly, yeah, exactly.
Speaker 3: But it goes much deeper than that. I think the
Speaker 3: giving part of it's really important.
Speaker 1: Yeah.
Speaker 3: You know, when my dad gave me an allowune and
Speaker 3: then we go to church, I had money to put
Speaker 3: in the into the plate that was being passed around. Now,
Speaker 3: granted it came from my dad before I even you know,
Speaker 3: before I knew what a chore was. He would he
Speaker 3: would give me money to do that with, you know,
Speaker 3: give me a handful of money to put in a plate.
Speaker 3: But the thing was that I was learning to give
Speaker 3: right off the bat. I was learning that, you know,
Speaker 3: I was learning that the sources that God has entrusted
Speaker 3: to us were to be used for special purposes. One
Speaker 3: of those was to teach us not to be materialists,
Speaker 3: not to not to get addicted to this money, but
Speaker 3: to trust God, give it back to him and let
Speaker 3: him use it to help those who needed it, you know,
Speaker 3: including pain for the the shepherds, and including but the
Speaker 3: church also was an outlet for that money to help families.
Speaker 3: My twenty three cents that I put in there probably
Speaker 3: wouldn't do nothing, but with all the people coming together,
Speaker 3: we could help a family that is going through some
Speaker 3: financial difficulty. You know. That's that's what I learned on
Speaker 3: the giving very early in my life at least. And
Speaker 3: that doesn't happen unless you set up a situation where
Speaker 3: they have to handle money and you are there to
Speaker 3: mentor them in how to do that. It's a wonderful
Speaker 3: and great thing, it really is.
Speaker 5: Mark. Before we go to Scott here in Scott, just
Speaker 5: hang on a second, get right to you.
Speaker 2: Let me just say, as well, you mentioned giving that
Speaker 2: we have this crossroad kids called campaign right now, reach
Speaker 2: our schools dot com. We're about ten thousand dollars away
Speaker 2: from our goal, so we are over halfway there. We're
Speaker 2: well on our way right around. I'm told sixty nine
Speaker 2: children have been sponsored at this point of our one
Speaker 2: hundred and twenty five. It says sixty six on Crossroads website,
Speaker 2: but we've actually got a couple more gifts that have
Speaker 2: not been counted yet, which is awesome. So we're just
Speaker 2: so so excited for that. So go to reach our.
Speaker 5: Schools dot com right now.
Speaker 2: Folks, make a donation any amount, Any amount doesn't have
Speaker 2: to be two hundred. It give me five bucks and
Speaker 2: that helps, ten bucks and that helps. Or if you
Speaker 2: want to do a thousand or two thousand, great thing
Speaker 2: to do. Six ten three, six eleven ten mark. Why
Speaker 2: don't we go and talk to Scott from Alabama? Shall we?
Speaker 7: Well?
Speaker 3: Welcome Scott, glad you're with us this morning. What's on
Speaker 3: your mind? Good morning?
Speaker 7: Just to short correction, their sets Georgia, not Alabama. Those
Speaker 7: are fighting words.
Speaker 5: Thank you, Scott.
Speaker 2: My call software said Alabama, Georgia.
Speaker 7: Get me all fired up? Man?
Speaker 5: So Scott, would it have been better if I said
Speaker 5: a northern state. Probably not right.
Speaker 3: When you're in the hole. Stop digging, all right, I
Speaker 3: love it. What's the other mind? Scott?
Speaker 7: Hey, I Mark, I just wanted to get an update
Speaker 7: on r E thirty four. They've uh, they've recently posted
Speaker 7: a good a second quarterly result that was good and uh,
Speaker 7: you know they've got a pretty strong dividend.
Speaker 3: Yield, Yeah, they do thirte Yeah.
Speaker 7: So I would like to understand though, what what what
Speaker 7: do you think at a macro level, what do you
Speaker 7: think it's going to take to take these guys from
Speaker 7: a hole, from a hold to a buy? You know?
Speaker 3: Just yeah, yeah, I think that the looking at that,
Speaker 3: what I would want is I'd like the price premium
Speaker 3: to be I don't know, I'd like to see it
Speaker 3: a little bit better. Tangible value remains stable, but I'd
Speaker 3: like it to be a little bit better. Leverage remains
Speaker 3: controlled near the There's just a handful of things. I
Speaker 3: think that really the bottom line on it is that
Speaker 3: its second quarter performance was strong and it was strong
Speaker 3: enough to support continued ownership in it, and the dividend
Speaker 3: does remain reasonable. You know, you're catching me off guard here,
Speaker 3: So I'm going through some of the numbers However, the
Speaker 3: stock substantial premium to tangible book value. That's what's been
Speaker 3: bothered me. The high leverage and the sensitivity interest rates
Speaker 3: prevented upgrade. At this point, I'd like to see I'd
Speaker 3: like to see it just strengthen up just a little
Speaker 3: bit one more quarter, I guess that's the way I
Speaker 3: would say it. It's really close, by the way, you know,
Speaker 3: it's borderline to being put back on the bi list.
Speaker 3: So i'd just like to see one more quarter makes
Speaker 3: that we're really head in the right direction. That it's
Speaker 3: just not it's just not slipping by on the markets.
Speaker 3: You know, we have an exceptionally strong market despite the
Speaker 3: pullbacks and whatnot. So and with that, with that yield
Speaker 3: on there, it's hard to pass up, isn't it.
Speaker 7: Well it's a good reason to keep holding it for sure.
Speaker 3: Yeah, absolutely, But I would wait, I'd wait. We the
Speaker 3: leverage is still a little bit too much for me
Speaker 3: as well, So let let's wait another quarter. Let's see
Speaker 3: what happens. But you know, if something else comes along,
Speaker 3: like management reduces the monthly dividend, well it'll stay on
Speaker 3: hold or go to a cell. So we got to
Speaker 3: be careful about that. Too, they may not be able
Speaker 3: to continue doing that, so.
Speaker 7: Right, and how they found that dividend is you know,
Speaker 7: a little bit bloated as well.
Speaker 3: So yeah, yeah, you're paying more than a twenty percent
Speaker 3: premium on the book value right now, so that that's
Speaker 3: really hard hard to embrace and to really want to
Speaker 3: jump into it at this point. Let's wait and see.
Speaker 3: Still yeah, okay, better evaluation.
Speaker 7: Okay, yeah, that's that fIF feedback in and the stuff
Speaker 7: about the lady with the conversation, that's absolutely she was
Speaker 7: fought on, so were you. I I'm graphs from the
Speaker 7: time I was twelve to when I was sixteen and.
Speaker 4: Pay for my own car in cash and exactly exactly.
Speaker 5: Well done, Scott.
Speaker 3: Well, that's another thing. I see parents buying cars for
Speaker 3: kids out of high school and and buying new cars
Speaker 3: for them, and it's like, wait a minute, they're not
Speaker 3: going to respect that. You know, you got to let
Speaker 3: them buy their inten give us a call. Let's hear
Speaker 3: your opinion. Polks gives a call.
Speaker 2: Why don't you the number six ten three six three
Speaker 2: eleven ten against six' ten three six three eleven. Ten
Speaker 2: today's show brought to you in part by our friends
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Speaker 2: check them. Out markets, yesterday, guys open, strong kind of
Speaker 2: lost ground a little, bit but not too.
Speaker 5: Bad chip stocks kind of, stumbled but everything else seemed.
Speaker 2: Okay The Dow jones finished up a half, percent THE
Speaker 2: smp was, flat and The nasdaq was just below the flat. Line,
Speaker 2: meanwhile The russell two thousand small caps was up about
Speaker 2: two thirds of a percent as. Well haven't looked much
Speaker 2: of the pre markets this, morning, guys but they seemed
Speaker 2: pretty mixed as, well and that's the way they've. Opened,
Speaker 2: also that and THE nasdak are mirroring each other right.
Speaker 2: Now The dow up about two, thirds THE nasdack down
Speaker 2: the same amount, s AND b five hundred just below
Speaker 2: the flat line, meanwhile and oil is coming down, further
Speaker 2: which is good to.
Speaker 3: See West Texas.
Speaker 2: Intermediate i'm seeing is creeping down towards eighty one dollars a,
Speaker 2: barrel While brent crude oil is down around eighty.
Speaker 5: Six so that's. Fun mark love to see that.
Speaker 3: THERE i love to, see love seeing oil. Down, yeah
Speaker 3: but you know, WHAT i didn't notice a big jump
Speaker 3: in the gas prices during the week when they when
Speaker 3: they shot, Up and that surprised me because usually when
Speaker 3: oil goes, down it takes about a month and a
Speaker 3: half for gas prices that come, down, Right but when
Speaker 3: oil goes, up it's like thirty two seconds later you
Speaker 3: see him out there switching the, board you, know and
Speaker 3: raising the, price eager for.
Speaker 5: It, yeah oh, Boy why do you think that was this?
Speaker 4: Time or do you think we're so numb to the
Speaker 4: higher gas prices we didn't even, Notice, sam that could be.
Speaker 3: It, yeah BUT i don't. KNOW i think that this
Speaker 3: administration has been getting very serious about the way commerce
Speaker 3: has ran now and they're looking at those kind of
Speaker 3: things and telling the oil companies and telling the gas, Stations,
Speaker 3: hey if you're going to do it one, way you
Speaker 3: got to do the same the other. Way AND i don't,
Speaker 3: KNOW i remember Hearing trump speak what was it about
Speaker 3: a month? Ago saying no price, gouging telling the oil,
Speaker 3: companies no price, Gouging we're not going to allow, that you,
Speaker 3: know so maybe his threats rang. True it's. Possible you,
Speaker 3: know there's so many things this administration is doing that nobody.
Speaker 3: Realizes you, know we talk about. Inflation how you, know
Speaker 3: how our debt and how inflation those two things seem
Speaker 3: to be the biggest impacts on our economy and on
Speaker 3: our ability to maintain our. Country but a lot of
Speaker 3: people don't think about. Productivity and right now we're at
Speaker 3: the lowest rate of unemployment filings since nineteen sixty. Nine
Speaker 3: that means a productive dictivity is. High and when you
Speaker 3: hear me talk about different level levers that can be
Speaker 3: pulled to help bring down, inflation productivity is one of.
Speaker 3: Those when you have high, productivity it helps bring down.
Speaker 3: Inflation AND i mean the simplest way to think about
Speaker 3: this is if you have a factory that's putting out
Speaker 3: one hundred widgets a day and it goes up to
Speaker 3: one hundred and twenty five widgets a, day it's cutting
Speaker 3: down the cost to produce those. Widgets therefore the cost
Speaker 3: of the widgets will go down to the economy therefore
Speaker 3: inflation will pull. Back so the more productive of a
Speaker 3: country is that actually helps to reduce. Inflation and that's
Speaker 3: just another one of those. Lovers and if you look
Speaker 3: at this administration what they're, DOING i, KNOW i got
Speaker 3: on a. Soapbox, sorry SO i just realized. That mark.
Speaker 5: You the only TIME i have to apologize is when
Speaker 5: you don't get on a.
Speaker 3: Soapbox. Ox, well this administration by getting all this uh
Speaker 3: what nineteen billion dollars of our, Trillion i'm, sorry all
Speaker 3: the money that's coming into The United states building all
Speaker 3: these factories in a few months or, so in maybe
Speaker 3: six months or even a, year but we're gonna start
Speaker 3: seeing more and more productivity going on in this. Country
Speaker 3: that's gonna help with the inflation that is still left
Speaker 3: over from the previous. Administration but right now we even
Speaker 3: saw year over year real wage growth is up over
Speaker 3: a year over year and placing is down just a
Speaker 3: Hair so we're seeing we're seeing some good stuff go.
Speaker 3: On and there's multiple. Lovers that's why when people, say,
Speaker 3: oh The Federal reserve needs increase rates so that they
Speaker 3: kill productivity so that inflation goes, down it doesn't make
Speaker 3: any sense or what they're saying is if they if
Speaker 3: they raise the, rates then companies can't borrow and people can't,
Speaker 3: borrow so they'll be less, spending so there'll be less. Demand,
Speaker 3: therefore see inflation come. Down that's a horrible way to cure.
Speaker 3: Inflation this administration's widened out and starting to use all the,
Speaker 3: lovers is What i'm trying to say. There so, anyway good.
Speaker 5: Stuff, yeah good to see.
Speaker 4: That.
Speaker 2: Mark, Hey, mark let's jump back for just a moment
Speaker 2: to our conversation from the first part of the. Show
Speaker 2: there was one more question that we got From facebook
Speaker 2: in response to that video that we posted earlier this,
Speaker 2: week from a listener Named. LaToya she, SAYS i have
Speaker 2: an eleven year old, son nothing in place for an,
Speaker 2: allowance But i'd love some ideas to. Start, Mark this
Speaker 2: is a great. Question what are some ideas for an
Speaker 2: allowance that you would give to?
Speaker 7: Her?
Speaker 3: Oh, yeah some common. Steps the FIRST i do is
Speaker 3: identify those chores that are expected without, payment and these
Speaker 3: would be chores that they need to learn to, develop
Speaker 3: to be to learn to grow, up to become an,
Speaker 3: adult to care for, themselves contribute to the, household develop
Speaker 3: discipline for, adulthood those kind of chores need to be
Speaker 3: there no matter. What AND i, personally you don't believe
Speaker 3: you should pay a child to learn to be an,
Speaker 3: adult to learn to grow, up to learn to care for,
Speaker 3: themselves to learn that they should be contributing a. Household
Speaker 3: so you, know the basic things like making your, bed
Speaker 3: cleaning your, room putting away your, laundry you, know helping
Speaker 3: with the, dishes those things that would be common to
Speaker 3: a change your. Underwear here's five. Bucks y no, no, no, no,
Speaker 3: no these are things you don't. Pay what you do
Speaker 3: is to create opportunities for the paid. Work look for
Speaker 3: those things that are a little bit outside of those
Speaker 3: things that should be the basic lessons on how to
Speaker 3: become a man or how to become a. Woman that
Speaker 3: would be things like washing a, car maybe doing yard,
Speaker 3: work organizing a closet or garage like we talked, about
Speaker 3: or complete in a special household. Project maybe it's helping
Speaker 3: rearrange the living, room or you, know maybe maybe every
Speaker 3: now and then you might want to clean the. Carpets you,
Speaker 3: know you get a steamer and you clean the. Carpets,
Speaker 3: well you could pay them to do. That agree on
Speaker 3: the job and the payment before the work. Begins that
Speaker 3: would be another Thing i'd throw in, there but you
Speaker 3: still have to hold them. Accountable this is the, thing you,
Speaker 3: know if the kid doesn't finish the work or they
Speaker 3: do a sloppy, job they should realize they don't get
Speaker 3: paid for just saying they're gonna do. It they have
Speaker 3: to be you pay them for when they really do,
Speaker 3: it you, know and you let them, know you, know
Speaker 3: you did a really sloppy job on, this And i'm
Speaker 3: just gonna have to redo. It you really didn't earn this.
Speaker 3: Money you really did not earn your pay and if
Speaker 3: you do this, AGAIN i won't be paying you to
Speaker 3: do these. Things you're gonna have to find work. Elsewhere
Speaker 3: they need to realize that quality. Matters it's not just
Speaker 3: getting out another just showing. Up showing up is the
Speaker 3: is the very basics of earning, money but it's being
Speaker 3: a quality. Person these are these are opportunities to teach
Speaker 3: them about all the wonderful things a. Stewardship everything you
Speaker 3: do do as onto The, lord everything you know you
Speaker 3: need to teach. Them use these as teaching, opportunities and
Speaker 3: you know, what when when they do end, up they
Speaker 3: do end up making financial. Mistakes you got to let
Speaker 3: us suffer, sometimes you, know don't replace the money simply
Speaker 3: because it was spent. Unwisely let them, realize, WOW i
Speaker 3: got five, DOLLARS i went to the candy. STORE i
Speaker 3: bought it. All and tomorrow when they want something, else
Speaker 3: that they were going to go to the movie with
Speaker 3: a friend or something and they don't have the, money it's,
Speaker 3: Like i'm, sorry you earn the money to go to the,
Speaker 3: show but you spent. It you don't get to go
Speaker 3: to the show. Today they have to learn these. Lessons
Speaker 3: sometimes it hurts you know that whole. Thing this hurts
Speaker 3: me more than it hurts you that as a, parent
Speaker 3: we all know that's true to, see you, know our
Speaker 3: son or daughter suffering a little. Bit but sometimes those
Speaker 3: lessons are necessary to help ingrain the truth about being a,
Speaker 3: steward that wisdom is important and foolishness is. Painful M.
Speaker 2: Mark you answered my next, question that was the final
Speaker 2: question to wrap up this whole conversation was how do
Speaker 2: we as parents weave biblical truth into this decision whether
Speaker 2: or not to give an allowance for?
Speaker 3: Kids and that's one way to do it right.
Speaker 2: THERE i think the way that Your dad did a
Speaker 2: too mark of encouraging you to, tithe it's another way
Speaker 2: to do.
Speaker 3: It, yeah you, know that's HOW i learned to say
Speaker 3: tie was. Allowing there's you, know what you want to
Speaker 3: do is create opportunities to help them learn to give
Speaker 3: first and, foremost save and. Spend if you help them
Speaker 3: to do, this it will take so much pain on their.
Speaker 3: Lives imagine them not getting in over their head on
Speaker 3: credit card debt and having to work real hard for
Speaker 3: a long time to get out of debt so they
Speaker 3: can move forward with their. Life imagine them actually learning
Speaker 3: how to save up and buy those things that they
Speaker 3: need and realize that they don't need a branded name
Speaker 3: shirt or pants or. Whatever you, know that they don't
Speaker 3: have to pay twice as much for, that that there's
Speaker 3: better made quality items out there for a whole lot.
Speaker 3: Less learning to be shrewd is very. IMPORTANT i, mean come,
Speaker 3: on if you don't learn to be, shrewd unless you're just,
Speaker 3: very very, lucky you'll never be able to develop.
Speaker 5: Wealth, yeah well Said.
Speaker 2: Marcu it's never too young to, start never too little
Speaker 2: to start either as. WELL i, meant don't just begrudge the.
Speaker 2: Old Oh i'll give you a penny for every stick
Speaker 2: you pick, up or five cents for every stick you pick.
Speaker 3: Up that teaches.
Speaker 5: Them, Okay i'm earning money for. This i'm earning something for.
Speaker 3: This, yeah, yeah you. KNOW i really believe it's important
Speaker 3: to every now and then just have a short monthly
Speaker 3: review or weekly. Review what did you? Earn what did you?
Speaker 3: Give what did you? Save what per are glad you?
Speaker 3: Made what would you do? Differently that's the most important.
Speaker 3: Question what would you do? Differently how did you Honor
Speaker 3: god with your? Money ask these, questions even of a little.
Speaker 3: Child you'll be surprised at some of the answers that come.
Speaker 3: Out they'll thrill. You six' ten three six three. Eleven
Speaker 3: ten we got fifteen minutes to get your. Calls in.
Speaker 8: The opinions and recommendations expressed on this program do not
Speaker 8: necessarily represent the opinions of the station or any of the. Program,
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Speaker 2: The program really enjoy the, conversation, today folks hope you are.
Speaker 5: As well give us a call six' ten three six.
Speaker 2: THREE eleven ten i consider becoming a partner today as
Speaker 2: well at financial. Issues dot org you know you're hearing
Speaker 2: the conversation today about allowances and all this is wrapped
Speaker 2: up in this idea of being good and faithful Stewards
Speaker 2: with what god has. Given to us and of course
Speaker 2: we mainly talk about investing, on this show but it's
Speaker 2: not just. Limited to investing it's Any money that god has,
Speaker 2: entrusted you with or Really anything that god has.
Speaker 3: Entrusted you with we want to be good stewards of. All, Of,
Speaker 3: It mark.
Speaker 5: Amen absolutely amos so that's what we're trying. To, do
Speaker 5: here mark we got a question In our Chat. Daniel from.
Speaker 2: Tennessee he's wondering so we JUST put f x twenty
Speaker 2: on the by list.
Speaker 3: As part of.
Speaker 2: Our commentary yesterday, by, the way folks check out that
Speaker 2: commentary if YOU'RE a partner fx twenty brand New, bylist ad.
Speaker 5: Mark he's wondering this.
Speaker 2: Is the first i've heard of a, perpetual SUBORDINATED note
Speaker 2: and i know that's part of. This, particular holding mark
Speaker 2: what insight would You give to daniel or anyone else
Speaker 2: who maybe hasn't.
Speaker 3: Seen, This, before yeah well a perpetual means they never have,
Speaker 3: To call it they never have to bring it back
Speaker 3: in so it can stay out there as long is it's,
Speaker 3: functional for them, which sounds good especially if you're getting
Speaker 3: yields of roughly seven point sixty five or if you're
Speaker 3: in a. High tax bracket there's some benefits to this that.
Speaker 3: Increase it yield but perpetual means they never have to
Speaker 3: call it, back from you so, it never matures is
Speaker 3: what it. Comes down to on, the one. Hand that's good,
Speaker 3: on another hand, not so much, because you know if
Speaker 3: it's being bought, at a discount it may mean that
Speaker 3: you'll never realize the twenty five dollars that it was.
Speaker 3: Originally issued at so that's the. Perpetual on it and
Speaker 3: what was the rest. OF the question i was Pretty.
Speaker 2: Much it mark he, just you know he WAS wondering
Speaker 2: about fx twenty and he said it was just the
Speaker 2: first he'd ever heard of a, perpetual SUBORDINATED note and
Speaker 2: i just. Wanted TO see so i think you answered, It.
Speaker 2: Quite handsomely daniel let us know in the chat if, you,
Speaker 2: feel otherwise. Okay, That's, good well mark Speaking of which
Speaker 2: robert's seventy, two years, old is, saying, good morning guys
Speaker 2: this is. A great encouragement Mark you saying i'm a
Speaker 2: long time faithful. Ten year member MY wife and i.
Speaker 2: RETIRED last year i just love and appreciate the latest
Speaker 2: addition to our allocation dashboard to customize and put our.
Speaker 2: Investments into groups this helps. Me so much it saves
Speaker 2: me time when. Updating my allocations, thanks so much keep up.
Speaker 2: The great work, That Is awesome robert robert For, THAT
Speaker 2: and MARK i just I love that robert is enjoying
Speaker 2: the website as well and.
Speaker 3: Those, updates too yeah that's. Great to hear you know
Speaker 3: a lot of times put put into making the website
Speaker 3: better and better for our partners, the back end and
Speaker 3: just for our regular listeners and those who come out
Speaker 3: and just. Want some resources but. For this tag one
Speaker 3: of the things that hit me the other day is
Speaker 3: we had another question come in about. The foreign tax
Speaker 3: we get this about once. Every, TWO months hey i
Speaker 3: FOUND out that i that this stock is taken out foreign,
Speaker 3: Tax on it and is there a way for us
Speaker 3: to label that on the broad list or on the
Speaker 3: by list on the back end so we. Can, see this,
Speaker 3: well guess what if you know, something's foreign tax you
Speaker 3: could tag it with that new tagging system, and say
Speaker 3: no this is. A foreign tax. So that's awesome you
Speaker 3: may be able to do that if. You wanted to
Speaker 3: you could tag it by the type of, taxation it
Speaker 3: has whether, it's tax, free tax. Deferred or taxable you
Speaker 3: could tag it by. Whose accountant is there's all sorts
Speaker 3: of things you could. Do with, it so yeah it
Speaker 3: helps you customize it to fit to your world And
Speaker 3: the way god has you. Managing your.
Speaker 2: Portfolios it's awesome i'm gonnaive a Shout out To al From,
Speaker 2: florida There mark because al had asked that, question in,
Speaker 2: particular and yeah that's just one of the great many features,
Speaker 2: of our website that.
Speaker 3: ONE in particular i love that. New tagging, feature.
Speaker 2: And again if anyone's listening and you're, not a, partner
Speaker 2: you know now's a great time. To become one for
Speaker 2: one hundred and thirty two, dollars a year you get
Speaker 2: access to. All of this it really is a great way,
Speaker 2: and educational tool, as it were to, come alongside you
Speaker 2: alongside your brokerage.
Speaker 5: And be able to manage your money the Way. That
Speaker 5: honors god it's we're here to.
Speaker 3: Be absolutely and you Get our weekly, christian investors commentary
Speaker 3: which is really good that also. Gives you, alerts for
Speaker 3: example there was a new buy to hold, alert this
Speaker 3: week and there was a new to the bye list this,
Speaker 3: week as well along with commentary about the market and
Speaker 3: where it's at and things to look for and things
Speaker 3: to watch out for and things to. Look forward to
Speaker 3: so you get that every, week as well along with
Speaker 3: all the Resources in, the partner's hub including the, asset
Speaker 3: allocation models, the by lists. The broad, list you know
Speaker 3: there's so much that you. Get for that.
Speaker 2: It's just, Incredible, absolutely absolutely mark we got A. Comment
Speaker 2: from pete. He's sixty, six he's saying just, wanted to
Speaker 2: say great job with the. Show market team so Glad
Speaker 2: to see mark's. Growing media exposure it's cool to. See, That,
Speaker 2: Too yeah mark mark's getting on a lot of interviews
Speaker 2: and it's. AWESOME to, see i said way to stick
Speaker 2: with your advocacy for Changes to, the trump accounts sharing
Speaker 2: the FOUR versus supporting bri and our last conference call was.
Speaker 2: A great Thing and then pete's just asking us we.
Speaker 2: Consider this, market he says please consider creating a list
Speaker 2: of pertinent SCRIPTURE on. The fism website readily available to partners,
Speaker 2: non partners alike and to add new verses to.
Speaker 3: It over, time great idea, pete it is and it'd
Speaker 3: be a real. SIMPLE one pager i actually have several.
Speaker 3: LIKE that already i might just go in and edit
Speaker 3: it and reformat it for our partners or, for everybody
Speaker 3: actually but also if you want more than just. A
Speaker 3: Few Verses The, wall street awakening THE book that i
Speaker 3: wrote to help people understand the importance of, the investment
Speaker 3: stewardship is almost. Fifty percent. Verses you know the first
Speaker 3: half of it really is, preparing the heart and it's
Speaker 3: Like a devotional it takes a verse and then applies
Speaker 3: that verse to investing what it Means as, a christian
Speaker 3: investor and then hopefully asks you a question that. Gets
Speaker 3: you thinking and then the rest of it it really works,
Speaker 3: on the mind where it talks about, What is investing
Speaker 3: what does it mean to, be a stockholder what does
Speaker 3: it mean to be? To buy bonds how do you
Speaker 3: do this if you want to do? It for yourself
Speaker 3: how do you do this if you want how do you?
Speaker 3: Look find somebody if you're looking for somebody to do?
Speaker 3: It for you and and everything is Backed up. By, Bible,
Speaker 3: versus so pete it looks like we. Got your emails
Speaker 3: but what we'll do is email you and ask you
Speaker 3: if we could get. A mailiing address i'd be happy
Speaker 3: to send you A Copy Of The. Wall street. Awakening
Speaker 3: you can you can get it for yourselves if you
Speaker 3: go out to any bookstore and ask them to order.
Speaker 3: IT for you i know it's still Out, there on
Speaker 3: amazon and you know any areas where, you buy books you. Could.
Speaker 3: Get it uh it's it's not that expensive and it
Speaker 3: will give you the verses you need to have a
Speaker 3: discussion with anybody about why and How to do. Biblical responsible, Investing.
Speaker 5: That's great pete i'll give you one more resource.
Speaker 2: As well too if you go to about us and
Speaker 2: then go down to who We Are on financial. Issues
Speaker 2: dot org so the about us Tab, who we are
Speaker 2: click on that and that takes us to the page explaining.
Speaker 2: Who we are and if, you scroll, down of course
Speaker 2: you'll GO to what i think is one of the
Speaker 2: best statements of. Faith out there our Ministry Statement Of
Speaker 2: Faith pastor john webb had a huge part to. Play in,
Speaker 2: this of Course Our founder dan celia had a huge.
Speaker 2: Part as well but it goes into just about pretty
Speaker 2: much all of the major Doctrines of the christian faith
Speaker 2: and where we.
Speaker 5: Stand on it there are many.
Speaker 2: Scripture passages, To support these so if you're, looking for
Speaker 2: that that's a.
Speaker 3: Great it is it, is very.
Speaker 2: Thorough very thorough we want people to know, what, we
Speaker 2: believe folks and it is the scriptures and their entirety
Speaker 2: and the, truth in them.
Speaker 3: What, we believe in why we believe. It.
Speaker 2: Exactly exactly Mark we, got nelson here he's asking in
Speaker 2: The chat from louisiana ANY. INPUT on avgo i can't understand, Why.
Speaker 2: It's floundering nelson it's because it's a fish. Out, Of water, Now,
Speaker 2: i'm kidding mark what's UP.
Speaker 3: With, The avgo well i'm gonna have to look up
Speaker 3: the information on that. Real quick here if you give, me,
Speaker 3: a second yep, Absolutely.
Speaker 2: Well yeah mark while, You're doing that i'll just tell
Speaker 2: our listeners here, one more time we'll just check out the.
Speaker 2: Markets really quickly looks like everything is still. Kind Of
Speaker 2: flat the nasdack unfortunately is down, quite a bit But
Speaker 2: the down joe and, is still up. Which is nice
Speaker 2: and again oil still, Down nicely too so.
Speaker 3: That's still, down nicely too. Still, down nicely, YEAH you
Speaker 3: know i think what's Really happening with ivogo is the
Speaker 3: same thing that's happening, with everything, Else. You know broadcom
Speaker 3: there's money leaving the, chip right now as as people
Speaker 3: are getting CONCERNED that the ai spending is going to
Speaker 3: slow down and that they may have geared up too
Speaker 3: much and all this. KIND of stuff i just think
Speaker 3: it's a little bit of what we're seeing in the
Speaker 3: markets is those who those companies that, have their pricing
Speaker 3: their stock price valuation go, through the ceiling that they're
Speaker 3: starting to, come back to starting to normalize, a little
Speaker 3: bit is. What's really happening institutional investors are getting concerned
Speaker 3: that the return on INVESTMENT on the ai build out
Speaker 3: is not going to be what they hoped, it would
Speaker 3: be and so they're starting to. WORRY about that i
Speaker 3: think that it's just, really getting real is what it's it's.
Speaker 3: COMING down to I wouldn't be i wouldn't. Be freaking
Speaker 3: out it's, still very. Strong, good company.
Speaker 2: Yeah, you know mark it's interesting because people are also
Speaker 2: saying a similar thing, about sand disk and would you
Speaker 2: say it's rather similar when it comes To, SAND disc
Speaker 2: also i know they're.
Speaker 3: Both, TECH players yeah i would think. SO right, now i,
Speaker 3: mean come on the pricing has gone. Through the ceiling
Speaker 3: we saw pees and pegs. Through the ceilings it's bound
Speaker 3: to happen sometime better a little bit, at a time
Speaker 3: and then maybe it can step. Back up, again you
Speaker 3: know this is the, way the markets this is the.
Speaker 3: Way they move they'd. Have to breathe it is a
Speaker 3: rollercoaster if they just. Be game right if, they didn't
Speaker 3: breathe then if, They didn't resettle i'll tell you what's
Speaker 3: going to. Happen this week something interesting is all the big,
Speaker 3: boys are reporting and if they come out and say that,
Speaker 3: the you know their returns are their their earnings and
Speaker 3: their revenues are coming down as they're doing, this massive
Speaker 3: spinding it may have a bigger. Impact on them we
Speaker 3: don't want to, overreact to this but because they could
Speaker 3: come out and say, just the opposite but it. Will
Speaker 3: influence it the key here is, to be stable realize
Speaker 3: is this a strong company, and it is then it's
Speaker 3: worth holding as we go into the. Future with it
Speaker 3: that's part of, being a steward and part of being
Speaker 3: a stewart is realizing all we do is we do
Speaker 3: to The. Glory of god that, means remain, calm don't
Speaker 3: panic but you use wisdom and analyze things and take
Speaker 3: a step. AT a time i want to thank you for,
Speaker 3: being with us thank you For, loving the lord and
Speaker 3: thank you for investing. With biblical integrity look forward to seeing.
Speaker 3: You all tomorrow
Speaker 1: If we ever forget that we're One, nation under god
Speaker 1: then we