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. Folks,
Speaker 2: Craig Halgard, our Financial Issues Ag Reporter, joins us later
Speaker 2: in the show today.
Speaker 3: You don't want to miss that. It's going to be
Speaker 3: a great time. I'm Seth Udinski.
Speaker 2: You've got Sam Case in the control room and your host,
Speaker 2: Mark Manilla. Mark, we're lively this morning, I think.
Speaker 4: We're having a great time. A little Bible study, a
Speaker 4: little conversation about music. It's all over the place.
Speaker 5: And now you're joining us, which makes it all better. Welcome, everyone.
Speaker 2: Yeah, we're grateful to have you, folks. Hey, give us
Speaker 2: a call, why don't you? Number 610-363-1110. Again, 610-363-1110. Put
Speaker 2: that in your speed dial, folks, and save that and
Speaker 2: give us a call, why don't you? We'd love to
Speaker 2: hear your opinions, your questions, anything financial. Join the live broadcast. Hey, guys,
Speaker 2: let's start with our verse of the week, Proverbs 27.
Speaker 2: 23 through 24. Sam, would you give us this one
Speaker 2: one more time? You made me do it yesterday, but
Speaker 2: you know what? It's such a good verse.
Speaker 5: I'll do it again.
Speaker 6: Be diligent to know the state of your flocks and
Speaker 6: attend to your herds, for riches are not forever, nor
Speaker 6: does a crown endure to all generations. Proverbs 27, 23,
Speaker 6: and 24.
Speaker 2: You know, Mark, as I was reading that, just was reminded,
Speaker 2: you know, the writer to the Proverbs, who I believe
Speaker 2: it is Solomon. He's obviously Solomon under, you know, he
Speaker 2: understood the weight of the crown. He was the king
Speaker 2: of Israel and one of the richest kings and most
Speaker 2: successful kings in the history of the people of Israel.
Speaker 2: He understood that the crown does not endure to all generations.
Speaker 2: I believe Solomon also understood, though, in the way that
Speaker 2: he could in the Old Testament as he trusted in
Speaker 2: a future Messiah, that someday believers, all of us, would
Speaker 2: get the crown of victory because of Jesus Christ.
Speaker 3: And that crown will endure. And it's an amazing thing, Mark.
Speaker 4: Yeah, and one more crown that we get to toss
Speaker 4: at the feet of our Savior.
Speaker 5: How awesome is that?
Speaker 3: Yeah, it's amazing.
Speaker 5: Yeah, that's really good.
Speaker 4: But you know, this verse is probably the number one
Speaker 4: verse used in financial planning.
Speaker 5: When it comes to Christian financial planning.
Speaker 7: Is it really?
Speaker 4: Because be diligent to know the state of your flocks.
Speaker 4: That alone tells people that they should be on top
Speaker 4: of their finances. They should understand what is feeding them,
Speaker 4: what is providing for them, what God has entrusted them
Speaker 4: to utilize for all that and to help you to
Speaker 4: be able to be giving to others and care for
Speaker 4: those that God puts in your path.
Speaker 5: Be diligent to know the state of your finances.
Speaker 6: Hmm.
Speaker 3: Well said, Mark.
Speaker 2: Speaking of diligence, actually, we have a very interesting topic
Speaker 2: here talking about financial diligence. This topic is theft and cybersecurity.
Speaker 2: So here's a question that we got, Mark. Kim is
Speaker 2: 65 years old. She's a partner, and she's asking this.
Speaker 2: In today's age of identity theft and ongoing cybersecurity threats,
Speaker 2: is comprehensive identity theft protection truly essential or is simply
Speaker 2: freezing your credit card enough to safeguard your personal information?
Speaker 3: Do you personally use a protection plan? Mark, how would
Speaker 3: you help Kim?
Speaker 5: Well, she made this personal now.
Speaker 7: No.
Speaker 5: Yeah.
Speaker 4: No, I don't have a personal protection plan. Actually, I
Speaker 4: have several times had my identity breached and had to
Speaker 4: do things like locking down and getting.
Speaker 5: A hold of the companies.
Speaker 4: And then, of course, whoever breached it, they gave you
Speaker 4: a free identity program for a year or two. But,
Speaker 4: you know, instead of me talking about this, what I'd
Speaker 4: like to do is bring in somebody I have a
Speaker 4: lot of respect for. He's our IT manager, head of
Speaker 4: all our technical here at Financial Issues. And he has
Speaker 4: to deal with all sorts of fraud and ID theft
Speaker 4: scams that are going on.
Speaker 5: And that's Elijah, the one, the only Elijah. Welcome to
Speaker 5: the show, Elijah. Good morning, everybody. It's good to be
Speaker 5: with you.
Speaker 7: Well, we're.
Speaker 5: We're glad you're with us. How would you address Kim's question?
Speaker 8: Well, I'm honored that you trust me to answer Kim's
Speaker 8: question today. So her question about is comprehensive identity theft
Speaker 8: truly essential? I wouldn't say it is, but it also
Speaker 8: depends on your lifestyle. If you're someone who isn't looking
Speaker 8: over your accounts, making sure you're managing all your passwords,
Speaker 8: using a password manager, also having you know, just access
Speaker 8: to your accounts and using two-factor authentication, making sure all
Speaker 8: of your logins to your IRS and all these, you know,
Speaker 8: different accounts that use your identity, you know, are you
Speaker 8: actively engaging in that? And if no, then I would say, yeah,
Speaker 8: I mean, it could definitely help, you know, help monitor,
Speaker 8: help do credit repair. Mark, you just shared a situation
Speaker 8: where that might go in handy. But I would say
Speaker 8: simply freezing your credit is enough. If you're at a
Speaker 8: point in your life where you're not really utilizing your
Speaker 8: credit a whole bunch, freezing it is actually much better.
Speaker 8: Let me tell you guys a secret. People already have
Speaker 8: access to your information. They're leaked everywhere. Um, and, and
Speaker 8: that's why I would say, you know, freezing it is
Speaker 8: just one of those things that, you know, if you have,
Speaker 8: if you, if you have your accounts frozen, if you,
Speaker 8: if you, uh, freeze all of your accounts through, uh,
Speaker 8: through the kettle barrels, then, uh, they can't use your information.
Speaker 4: Um, So freezing it, what that does is keep people
Speaker 4: from opening accounts in your name or using your credit.
Speaker 4: But it wouldn't stop them from stealing your identity or
Speaker 4: scamming you, would it?
Speaker 5: No.
Speaker 4: You hear about the elderly scams. And by the way,
Speaker 4: I don't know if you knew this, Elijah. This is
Speaker 4: one of the things I came across years ago. But
Speaker 4: the number one affinity group for scams is the Christian community.
Speaker 4: They are scammed more than anybody else. And I think
Speaker 4: that's just because they're giving and they're easy, you know?
Speaker 5: Them and the elderly.
Speaker 3: I don't think it's because they're gullible, right? I think
Speaker 3: it's because we're bent towards generosity.
Speaker 8: And you know, a lot of these scams and these people,
Speaker 8: they use two things. They use fear and urgency. And
Speaker 8: that's just one of the things to look out for
Speaker 8: as your baseline. Now, there's multiple ways that people try
Speaker 8: to impersonate your bank accounts You know, it's important that,
Speaker 8: you know, whatever you do with your bank, that you
Speaker 8: go directly to them. You go directly to the website.
Speaker 8: You call them. Also be just aware of the different
Speaker 8: ways that people are trying to scam you. One of
Speaker 8: those being AI. I've myself received AI calls and they
Speaker 8: might call you being, you know, your grandson who may
Speaker 8: be in jail, who needs money quick. You know, you
Speaker 8: just want to, you know, take a step back. The
Speaker 8: moment that you start feeling like you need to make
Speaker 8: a decision right now.
Speaker 5: So that's, that's really good.
Speaker 4: When they push you to do something right away, that
Speaker 4: causes nervousness, anxiety, and you might do something silly.
Speaker 5: It does, you know? So yeah, that urgency, that fear
Speaker 5: that they put into you.
Speaker 6: Yeah.
Speaker 7: Yeah.
Speaker 8: So those, those are just some, some things that you
Speaker 8: want to, you know, just be aware of. Like I said, if, if,
Speaker 8: you know, if you're caring after your mother and she's
Speaker 8: not really proactive about her counts and then maybe a
Speaker 8: paid service may be worth it. You know, you might
Speaker 8: not have the time to help her manage those things. Or,
Speaker 8: you know, if better, better than that is freezing it.
Speaker 8: Because at the end of the day, you can always
Speaker 8: unfreeze and freeze your account at your will. So you're
Speaker 8: not really chained to anything.
Speaker 4: I heard that the IRS actually has a pin now
Speaker 4: you can get from them so that if somebody tries
Speaker 4: to file a fake return, you know, that was one
Speaker 4: of the big scams is people were filing returns in
Speaker 4: other people's names. and getting refunds from fake returns, and
Speaker 4: then the real person was getting hit by the IRS
Speaker 4: for false returns and stuff. So you can get a
Speaker 4: pin from the IRS, so nobody can do that. There's
Speaker 4: a lot of good ways, it sounds like, but I
Speaker 4: think what it comes down to is, What Jesus really
Speaker 4: tells us, what God tells us, obviously he's always right, right?
Speaker 5: Because he's God. But we do not act in fear.
Speaker 5: We act in wisdom.
Speaker 4: And when we act from wisdom, we don't let fear
Speaker 4: or urgency creep into this. We don't use the phone
Speaker 4: number that somebody gave us to call them back if
Speaker 4: they say they're with our bank. We use the number
Speaker 4: we have on file at home to call them. We
Speaker 4: don't click on their link. We go out to the website.
Speaker 5: For our phone. that the bank has we've.
Speaker 4: Always used that kind of thing i really appreciate that
Speaker 4: that information elijah um i know we're seeing more and
Speaker 4: more of it and i guess the best way to
Speaker 4: really uh to really watch this is to stay on
Speaker 4: top of it check your credit every now and then
Speaker 4: right yep.
Speaker 8: Log into irs.gov and set up your pin you know
Speaker 8: set up.
Speaker 4: Your pin exactly Yeah, so do what you can do,
Speaker 4: not out of fear, but out of wisdom and prudence.
Speaker 5: Well, Elijah, thank you so much for joining us this morning.
Speaker 4: I'm sure I haven't been able to get over to
Speaker 4: our chat yet this morning to see what's going on,
Speaker 4: but they love you there, Elijah.
Speaker 8: I know, I love them too, you know. I just
Speaker 8: love being able to help, you know.
Speaker 5: There you go.
Speaker 3: That's awesome.
Speaker 2: And Mark, I can say from personal experience too, you know,
Speaker 2: Elijah does a great job. Sometimes I will forget to
Speaker 2: run my my scans on the computer to make sure
Speaker 2: that it's safe from all that stuff.
Speaker 3: And Elijah's like, hey, did you run your scan this week?
Speaker 5: Did you run it this month?
Speaker 3: Did you do the full scan?
Speaker 6: You get a message from Mark saying, I need $ 500
Speaker 6: in Visa gift cards right now or I'm going to die.
Speaker 3: And you go, oh, shoot, I need to do this.
Speaker 3: And Elijah says, no, no, don't do that.
Speaker 2: But in all seriousness, Mark, I do think, and this
Speaker 2: gets back to the verse we talked about, diligence.
Speaker 5: Know the state of your flock.
Speaker 3: Yeah, knowing the state of.
Speaker 2: Your flock's resiliency, being vigilant as well. That's more of
Speaker 2: a military term, but always making sure that your defenses
Speaker 2: are up. I think is so important, especially like you said, Mark,
Speaker 2: for Christians, we should be generous.
Speaker 3: We should have a bent towards helping others, but we
Speaker 3: also have to be wary whether that help is really
Speaker 3: helpful or if it's something more nefarious.
Speaker 7: Right.
Speaker 4: I really appreciate that question from Kim this morning. I
Speaker 4: really appreciate Elijah joining us this morning. And you know
Speaker 4: what I appreciate even more is that you're with us, 610-363-1110.
Speaker 4: You might have a question or a comment. We want
Speaker 4: to hear it. Anything financial, we'll give you an answer
Speaker 4: both from real world and biblical point of view so
Speaker 4: you can see the worldview that affects you.
Speaker 3: Great to be here with you folks.
Speaker 2: Today's show brought to you in part by our friends
Speaker 2: at Preborn. Preborn.com slash FISM is the place to go.
Speaker 2: You can also dial pound 250 and say keyword baby.
Speaker 2: Preborn saves babies from abortion, brings the gospel to families,
Speaker 2: a wonderful ministry to support if you love Jesus Christ. Preborn.com
Speaker 2: slash FISM. Mark, very excited for this interview. We've got
Speaker 2: the man himself. We had Elijah in the first segment.
Speaker 2: Now we've got Craig Haugard, our financial issues agri-porter.
Speaker 4: We have all sorts of friends joining us today. It
Speaker 4: is a fun day. It's financial issues and friends. Yeah,
Speaker 4: that's financial issues and friends.
Speaker 6: That's right.
Speaker 3: That's basically what it is.
Speaker 4: I love it when we get questions in and we
Speaker 4: have an expert panel to draw from, like Craig Haugard here.
Speaker 5: Craig, welcome to the show.
Speaker 7: Well, thank you. It's my pleasure. Do I understand correctly?
Speaker 7: I'm following Elijah. Is it the Elijah?
Speaker 5: The Elijah, the one, the only Elijah. You're right. You're
Speaker 5: following him. It was actually just taken up into heaven.
Speaker 6: That's why he's not here.
Speaker 7: Yeah, that's why I'm kind of surprised you had his number.
Speaker 7: That is amazing.
Speaker 4: Well, Craig, we got a question from Jean, who's age 70,
Speaker 4: and she expresses something that I think is on a
Speaker 4: lot of people's mind.
Speaker 5: Was it Jean? Who was that?
Speaker 3: Yeah, Mark, it was Jean.
Speaker 2: So Jean's saying, she was asking you, Mark, but we
Speaker 2: really felt like Craig would be a good opportunity to
Speaker 2: have you on the show.
Speaker 3: Here's what she says, Mark.
Speaker 2: She says, thank you for helping us be equipped for
Speaker 2: times when we're approached for money and then to give
Speaker 2: and pray with them to overcome their obstacles in Christ.
Speaker 3: That's awesome, Mark.
Speaker 2: That was from a reference to something that you'd said
Speaker 2: some shows ago. She says, I also wonder what you
Speaker 2: think about President Trump importing ground beef from Argentina.
Speaker 3: So there's some journalists.
Speaker 2: Who said that it might have bacteria, microplastics, and it's
Speaker 2: going to make us ill. Also could harm ranchers, meat
Speaker 2: packaging facilities economically. So we figured we'd have Craig come
Speaker 2: on to talk about it.
Speaker 4: So we thought we'd have the one, the only Craig
Speaker 4: on here to answer this question since you're really into it.
Speaker 4: So what exactly did President Trump do?
Speaker 7: Well, basically, he allowed, I believe it was 300,000 metric
Speaker 7: tons more of lean ground beef trimmings to be imported
Speaker 7: without the excessive tariff being applied to it. So you
Speaker 7: could have brought it in, but they would have had
Speaker 7: to pay a higher tariff. There's a certain quota that
Speaker 7: you're allowed to bring under the normal tariff. And so
Speaker 7: he expanded that. But really, I think Gene has three
Speaker 7: different questions in there. It seems to me there's a
Speaker 7: concern about bacteria. There's a concern about microplastics. And then
Speaker 7: there's a concern about importing of beef. So maybe we
Speaker 7: should just break those three down individually and look at them.
Speaker 5: Let's do it.
Speaker 7: Let's start with the bacteria. Let's start with microplastics, guys.
Speaker 5: Okay.
Speaker 7: It's currently not tested for in U.S. ground beef. So
Speaker 7: we really don't know the level that microplastics might be
Speaker 7: present at. Now, there have been a couple of studies.
Speaker 7: There was a study in Italy where they looked at
Speaker 7: 10 commercial hamburgers and found microplastics in all 10 samples.
Speaker 7: And so that kind of gives the idea that if
Speaker 7: it's a problem in Italy, it's probably showing up in U.S.
Speaker 7: burgers as well. There was a study in the United
Speaker 7: States back in 2024 where they looked at 16 different
Speaker 7: types of protein products that they purchased in the U.S.,
Speaker 7: included meat products, and they were all labeled as U.S. products.
Speaker 7: So presumably this beef was all raised and processed in
Speaker 7: the U.S. And they found microplastics in every one of
Speaker 7: those products. And the more highly processed the food was,
Speaker 7: the higher the concentration tended to be. So if you
Speaker 7: look at beef, for example, they found greater numbers in
Speaker 7: ground beef than they would have in a ribeye steak
Speaker 7: or a cut that hadn't been through a process. So
Speaker 7: I guess, now what, the impact of microplastics.
Speaker 5: So does that mean it's picking it up in the processing?
Speaker 7: Well, I think that's one of the issues. You really
Speaker 7: don't know where that's coming from. There's several, I mean,
Speaker 7: they could get it in exposure just to their everyday living.
Speaker 7: A cow, as it's eating and drinking water out on pasture,
Speaker 7: could be picking up some agricultural plastics or something through
Speaker 7: that environment. And then you move into the slaughter process
Speaker 7: and you come into a contact with different plastic surfaces
Speaker 7: and equipment in that that could be contributing as well.
Speaker 7: And then in the case of ground beef, you start
Speaker 7: grinding that, and that gets to be pretty extensive contact
Speaker 7: then with that processing machinery. The thought is that you're
Speaker 7: probably picking up additional microplastics in that process. And then,
Speaker 7: of course, they're going to package it, and they tend
Speaker 7: to put it in a styrofoam tray with plastic foam
Speaker 7: over the top of it. And there's some thought that
Speaker 7: that could be contributing as well. So there's a number
Speaker 7: of steps. And there could be something in the handling
Speaker 7: and storage as well where you get some of that introduced.
Speaker 7: But I think you're right, Mark. I think that grinding
Speaker 7: process probably gets it. If it doesn't introduce more, which
Speaker 7: it probably does, it certainly would get it more widely
Speaker 7: spread throughout the product. Whereas with a stake or a
Speaker 7: cut that hadn't been further processed, if it's there, it's
Speaker 7: probably more of a surface issue. Okay. So that's the microplastics. Yeah.
Speaker 5: So what about bacteria?
Speaker 4: Before we go there, Craig, it doesn't sound like we're
Speaker 4: seeing a difference between Argentina beef and the U.S.
Speaker 5: Beef then, really.
Speaker 7: No, it's not a Ford beef versus U.S. beef issue.
Speaker 7: And the studies have done, and it's been a very
Speaker 7: limited number of studies at this point, but the studies
Speaker 7: seem to indicate that it's It's in there regardless of
Speaker 7: where the original source of that animal was, which leads
Speaker 7: you to kind of maybe believe it's in the process
Speaker 7: that's introducing it. The bacteria issue is also kind of
Speaker 7: an interesting issue. Raw beef obviously can contain bacteria. In fact,
Speaker 7: it's normal enough that ground beef is kind of treated
Speaker 7: as a higher risk food. It needs to be handled
Speaker 7: and cooked accordingly. You could have bacteria on a steak, obviously,
Speaker 7: but it's going to be on the surface. So if
Speaker 7: you sear that steak during the cooking process, you're going
Speaker 7: to kill it. When you grind up that beef, obviously,
Speaker 7: you're going to make that bacteria more widespread throughout the animal.
Speaker 7: And that's why it's a little harder to kill bacteria
Speaker 7: in a hamburger by cooking it. So if you like
Speaker 7: a raw, you know, fairly pink or red middle, there's
Speaker 7: a greater chance that you're going to have some bacteria
Speaker 7: in that that hasn't been killed in that process. So again,
Speaker 7: the question is, where does that come from? If you
Speaker 7: look at the process that that animal is going through,
Speaker 7: you bring it and you slaughter it, and you remove
Speaker 7: the hide and eviscerate it, and you remove all the
Speaker 7: intestines and whatnot, and then you cut it up and
Speaker 7: grind it and package it, and ultimately it goes into storage.
Speaker 7: So at any step through the way, I mean, you're, you're,
Speaker 7: it's a fairly traumatic experience for that animal. It's going
Speaker 7: from alive to dead and, and you're removing things from,
Speaker 7: from the body cavity that, you know, if something gets punctured,
Speaker 7: it could get on the meat. And, and then in
Speaker 7: that whole process, you can end up with, with bacteria.
Speaker 7: Of course, then once it's been harvested, you need good
Speaker 7: sanitation and good temperature control also to, to kind of
Speaker 7: control bacteria or try and prevent it. But the threat
Speaker 7: is going to be out there to some degree. And
Speaker 7: every once in a while, you hear of E. coli
Speaker 7: or something that breaks out that comes from an animal source. Now, obviously, lately,
Speaker 7: it's been more of a lettuce story. And we've seen
Speaker 7: it in spinach and things. So anytime you're eating, there's
Speaker 7: bacteria that can be introduced. Now, the good thing is
Speaker 7: that the USDA does test for that. And so we've
Speaker 7: probably got, I believe, I've been in a lot of
Speaker 7: slaughter facilities in my life, and every one of them
Speaker 7: that I've been in has been a federal facility. It's
Speaker 7: had government employees sitting right there along with the regular
Speaker 7: hourly employees, and they're pulling samples. Obviously, they don't test
Speaker 7: every item that comes along, but they pull samples continually,
Speaker 7: and they're constantly looking for it. So I think we've
Speaker 7: got a really... safe.
Speaker 5: Got control of that area.
Speaker 7: Yeah.
Speaker 5: Yeah.
Speaker 4: So what about our final question, the one about why
Speaker 4: are we importing beef? Isn't that hurting our farmers, our
Speaker 4: beef men, our cattlemen?
Speaker 7: Well... So if we think about that, the question kind
Speaker 7: of assumes that importing beef is kind of a minimal practice,
Speaker 7: and this is something that maybe the president is doing. Obviously,
Speaker 7: I think one of the reasons that it's happening is
Speaker 7: because of the affordability question. We've got midterm elections coming up,
Speaker 7: and obviously we'd love to see cheaper gas and cheaper groceries.
Speaker 7: So I think that's partly at play here. But another thing,
Speaker 7: if we talk about what they're bringing in, it was
Speaker 7: lean beef trimmings. And as you think about the way
Speaker 7: beef is produced in the United States, the majority of
Speaker 7: our beef is finished in feedlots. And so we have
Speaker 7: a beef that's very heavily or highly marbled, which just
Speaker 7: means there's a lot of fat on it, right? And
Speaker 7: so if you're going to have a hamburger that's 80-20
Speaker 7: lean fat combination, for example, what they'll do is take
Speaker 7: the real fatty meat, portions of meat that aren't being
Speaker 7: left with steaks and whatnot and grind that up and
Speaker 7: then they want lean beef or lean trimmings that they
Speaker 7: could add into that to get the balance that that
Speaker 7: they're selling so really what they're bringing in is is
Speaker 7: lean cuts that to blend with uh with the more
Speaker 7: fatty cuts that we're getting out of our our feedlots
Speaker 7: to get like an 80 20 blender or whatever they're
Speaker 7: looking for in that in that beef yeah or in
Speaker 7: that hamburger well that makes sense if you look at
Speaker 7: them the amount of meat being brought in the United
Speaker 7: States in 2025, we brought in just shy of five
Speaker 7: and a half billion pounds of beef were imported in
Speaker 7: the United States. So yeah, this is a little bit
Speaker 7: of a surge and we're on pace this year to
Speaker 7: bring in just, just to touch over 6.1 billion pounds.
Speaker 7: So it sounds like a big deal. And it's certainly,
Speaker 7: I think it's significant. Maybe the hamburger price is, We're
Speaker 7: already bringing in over six billion pounds a year without
Speaker 7: this action. So it's, you know, I think it's easy
Speaker 7: to get spun up about things. You know, recently we
Speaker 7: talked about the whole story, I guess. Yeah.
Speaker 9: Yeah.
Speaker 4: Recently we talked about how pricey beef is. So effectively,
Speaker 4: right now, cattle are getting prime pay. Cattlemen are getting
Speaker 4: prime pay for their beef, which is really good. So
Speaker 4: to help bring that down, and you mentioned that part
Speaker 4: of it was because of the drought and they have
Speaker 4: to rebuild the herds and all that kind of stuff.
Speaker 4: But while they're doing that and getting top dollar for
Speaker 4: their cattle, it's a good thing that we could import
Speaker 4: some to help bring down the price as well.
Speaker 5: Craig, it's always good to have you with us.
Speaker 7: Yeah. And if we go back to the safety issue,
Speaker 7: that meat is being inspected. Number one, the meat that's
Speaker 7: brought in the United States has to go through a
Speaker 7: slaughter facility in whatever the country of origin is that's
Speaker 7: been certified by the USDA as a plant that meets
Speaker 7: our standards. Oh, that's great. And then there's an export
Speaker 7: certification process. Excuse me. Then when it enters the United States,
Speaker 7: our USDA food safety re-inspection occurs on it. So it's
Speaker 7: not as if we're just taking these trimmings in and
Speaker 7: turning a blind eye to the safety of those as well.
Speaker 7: They're going through a pretty murderous process also there.
Speaker 5: Like normal, it's great to have you on. The insights
Speaker 5: are incredible.
Speaker 4: If you really want to know what the beef is,
Speaker 4: we just have to have Craig on because he'll let
Speaker 4: us know.
Speaker 5: And I feel better now. I hope you do too.
Speaker 5: We'll be right back after this.
Speaker 4: If you have to go, join us on financialissues.org for
Speaker 4: the rest of the show.
Speaker 3: Welcome back, folks. It's wonderful to be here with you
Speaker 3: all today on Financial Issues. I hope you'll give us
Speaker 3: a call.
Speaker 2: Again, the phone number, 610-363-1110.
Speaker 3: Mark, we got a real good question here from Jean
Speaker 3: in Louisiana.
Speaker 2: And this is in reference, by the way, folks, to
Speaker 2: our commentary.
Speaker 3: Mark put out the commentary late yesterday.
Speaker 2: There were a couple of buy, hold, sell list changes,
Speaker 2: one addition to the buy list, one move to the
Speaker 2: sell list as well.
Speaker 3: But Jean, Mark is referencing the buy recommendation. It's IN66.
Speaker 2: And he's saying everything I see about this company indicates
Speaker 2: that it could or should be considered a tech company.
Speaker 2: We have it classified as an industrial, Mark. Should this
Speaker 2: be reclassified to tech rather than industrial?
Speaker 6: This was actually a conversation we had behind the scenes,
Speaker 6: wasn't it?
Speaker 5: It actually was. I was leaning the same way.
Speaker 4: But, you know, when I really looked into it, it
Speaker 4: comes down to that this is data processing and outsource
Speaker 4: services in the tech area. So effectively, that puts it
Speaker 4: into industrials. It's not a tech company, but it's services
Speaker 4: and it comes alongside and they help these services. These
Speaker 4: tech companies do these things. They don't do them for them.
Speaker 4: They actually come and they're hired to come in and
Speaker 4: help them be efficient and productive in doing these things.
Speaker 5: So it's more of an industrial.
Speaker 4: But here's the big but in this is that you
Speaker 4: can look at this and say, you know what? a
Speaker 4: large majority of who they do counsel, who they do
Speaker 4: come in and they guide is in the tech industry.
Speaker 4: So it kind of leans towards tech and you can
Speaker 4: do that. But it also leans towards insurance. It also
Speaker 4: leans towards other finance. It also leans towards all sorts
Speaker 4: of companies. So they're pretty much consultants is what they are.
Speaker 4: And that's in the industrial area. But it makes sense
Speaker 4: to me because of what you saw on that. You're
Speaker 4: looking at the major companies they consult are tech companies. Yep.
Speaker 3: It's awesome stuff. Gene, thanks for that question. It is
Speaker 3: a good one.
Speaker 2: I do hope you all will check out Mark's commentary
Speaker 2: as well. It's a great read this week as always. Mark,
Speaker 2: we have a pretty sizable audience on YouTube, and so
Speaker 2: always love to give a shout out to our YouTube folks.
Speaker 3: We've got a.
Speaker 2: Question here from one titled, the real pink elephant via YouTube.
Speaker 3: So the elephant in the room.
Speaker 6: I didn't know they existed, but we got the real one.
Speaker 3: Yeah, there you go. So- Here is this question from
Speaker 3: this person. Mark says, I have a question for you.
Speaker 2: So if you go to McDonald's, which supports LGBTQ parades,
Speaker 2: if you buy from McDonald's, if you want to get
Speaker 2: a Happy Meal or something like that, are you indirectly
Speaker 2: supporting the LGBTQ initiative?
Speaker 4: Oh, that's that's an excellent question there. Actually, the way
Speaker 4: that's asked is even good because, yeah, you are. Let's
Speaker 4: just say what it is.
Speaker 5: In one way or another, you are.
Speaker 4: When you buy something at a company, let's say McDonald's,
Speaker 4: since you brought that.
Speaker 5: Up, your money will go in.
Speaker 4: It'll pay for the overhead, the cost, the people working there,
Speaker 4: the burgers, the fries, everything that's there. And there'll be
Speaker 4: a profit from that, that they could take a portion
Speaker 4: of that and utilize it in a way like they
Speaker 4: do at McDonald's to promote indirectly or support LGBTQ. So
Speaker 4: your money from your patronage of that company can go
Speaker 4: to there.
Speaker 5: It's different, however, than owning the stock.
Speaker 4: When you own a stock, you are actually, when you
Speaker 4: own stock in a company, you become an owner of
Speaker 4: that company.
Speaker 5: So now you're walking lock-armed stock. side by side with
Speaker 5: them saying, it doesn't matter what this company does.
Speaker 4: I'm going to profit from it. If it profits, I'm
Speaker 4: going to stand with them on this. You are endorsing
Speaker 4: it with your money. You are locking arms with them
Speaker 4: and you're actually participating in both the good things.
Speaker 5: They do and the bad things.
Speaker 4: For example, if, if you invested in a company that
Speaker 4: cured cancer, you would be participating in that cure because
Speaker 4: you're one of the owners and you would receive a
Speaker 4: probably royalties or income from the patents that they have.
Speaker 4: If that company also created an abortion product, you would
Speaker 4: be participating in that. So it's a little bit different
Speaker 4: than just patronizing. Remember, Jesus walked.
Speaker 5: The Roman roads. There was no other roads for him
Speaker 5: to walk.
Speaker 4: You know, sometimes we have to realize we're in the
Speaker 4: world and not of the world. And that's that's where
Speaker 4: we come from. But I, I'll tell you what I
Speaker 4: really respect. And I really appreciate your, your position here
Speaker 4: because I, Doing both is really the ultimate. If you
Speaker 4: believe a company is offensive to God and therefore you
Speaker 4: don't invest in it and become a partner with it
Speaker 4: because you don't want anything to do with participating in
Speaker 4: the sin of that company, and then you don't utilize
Speaker 4: the service or products of that company because you don't
Speaker 4: want to support them financially.
Speaker 6: Either.
Speaker 4: I think you're doing a good thing. I really do
Speaker 4: honor that.
Speaker 5: I think it's a great thing.
Speaker 4: Yet, we don't want to turn this into anybody who
Speaker 4: uses a cell phone, because all the cell phone companies,
Speaker 4: anybody making a cell phone would fall.
Speaker 5: Short of biblical responsible.
Speaker 4: So therefore, nobody should use a cell phone, or nobody
Speaker 4: should drive an automobile to Because I don't know if
Speaker 4: there's any automobile company that is clean off the top
Speaker 4: of my head. Nobody should buy clothes that are manufactured
Speaker 4: by the majority of the major manufacturers. So we'd all
Speaker 4: have to go naked. What I'm saying is. there's some
Speaker 4: things that if we God calls us not to be
Speaker 4: perfect because we're not but to do everything we can
Speaker 4: when we can otherwise we'd have to live in a
Speaker 4: compound that's that is totally walled off from the rest
Speaker 4: of the world we need to be in this world
Speaker 4: I believe it's a good thing. I commend those who say,
Speaker 4: you know what, I don't shop at Target because of
Speaker 4: what they do, and I won't own Target as a–
Speaker 4: I won't become an owner in Target as well because
Speaker 4: of– the, what they have done and how they propagated
Speaker 4: LGBTQ stuff.
Speaker 5: I respect that. And I commend that.
Speaker 4: But we should not, um, we should not become legalistic
Speaker 4: in the sense that, uh, just because somebody drove through
Speaker 4: McDonald's with their 13 children, um, because there was nowhere
Speaker 4: else that they could feed them or whatever store it is,
Speaker 4: and this is all the money they have, and at
Speaker 4: least they could get a kitty burger for everybody or
Speaker 4: something like that.
Speaker 5: We have to be very careful about that. We have
Speaker 5: to have grace and compassion. But if you're able to
Speaker 5: do that, praise God.
Speaker 3: Yeah, it's well said, Mark. You know, Lisa makes a
Speaker 3: good point here, Mark, as well.
Speaker 2: She even says even a mom and pop burger joint,
Speaker 2: we don't necessarily know what they spend profits on.
Speaker 3: We live in this world. What are you going to do?
Speaker 3: I think she's exactly right. It is a matter of conscience.
Speaker 2: And if your conscience allows you to and enables you
Speaker 2: to be able to say, you know what, I'm not
Speaker 2: even going to patronize them, absolutely go for it. Mark,
Speaker 2: the way I see it is if I'm taking an
Speaker 2: ownership position, that's where I draw the line. And if
Speaker 2: I can not patronize at certain places, I'll do my
Speaker 2: best not to.
Speaker 5: But I won't hold that as tightly. And you know what?
Speaker 5: You probably know better than I.
Speaker 4: Is it Romans 14 that talks about eating meat titles?
Speaker 6: Yeah, it is.
Speaker 4: We know there is no other God, so it's okay
Speaker 4: for us to eat meat. But if it causes my
Speaker 4: brother to stumble, then I won't eat that meat. That's
Speaker 4: the thing that's really important. is we do what we can,
Speaker 4: and then we trust God for the results of it.
Speaker 4: And obviously, we want to think of others before ourselves.
Speaker 3: Yeah, well said. It's a great question there, Pink Elephant.
Speaker 3: Thanks for asking it over on YouTube.
Speaker 5: Very, very good question.
Speaker 3: Mark, we got a good one here from Jerry as well.
Speaker 3: Jerry inherited a trust from a parent.
Speaker 2: 95% of it is in one stock, so it is
Speaker 2: not diversified. It's a large amount. It's seven figures. And
Speaker 2: he wants to diversify as quickly as possible. How long
Speaker 2: should he spread out the sale of the stocks?
Speaker 4: Jerry, a lot of that depends, of course, on the
Speaker 4: tax consequences. I don't know how you inherited this. It
Speaker 4: sounds like you inherited maybe directly, I don't know, in
Speaker 4: the trust.
Speaker 5: Is it in the trust? Is it out of the trust?
Speaker 5: Was it?
Speaker 4: Was there step up basis in it? If there's step
Speaker 4: up basis in it, because you inherited it, then you
Speaker 4: can move fairly quickly. And when I say fairly quickly,
Speaker 4: you could sell some off today, sell some off next week,
Speaker 4: maybe over the month, sell it off so that you,
Speaker 4: you know, you don't cost.
Speaker 5: You know, a big million dollars. It may not be
Speaker 5: dependent on the company.
Speaker 4: It could affect if it's small cap, it could affect
Speaker 4: the price and it could start to stumble as you're
Speaker 4: selling it off.
Speaker 5: So you want to be careful like that.
Speaker 4: But you sell it off and, and, bring it down
Speaker 4: to proportionate for your portfolio, and.
Speaker 5: Then you don't have to reinvest it all at once.
Speaker 4: Don't confuse diversifying out of it to diversifying your portfolio.
Speaker 4: Diversifying out of it means getting it to cash, put
Speaker 4: it in a money market, or maybe put it in
Speaker 4: an ETF like the Timothy Plan fixed income to hold
Speaker 4: while you're buying back into other areas and building your portfolio.
Speaker 4: So depending on the tax consequences would really determine the
Speaker 4: timeframe on there. If it doesn't have a step-up basis,
Speaker 4: then you may have a huge capital gains in there,
Speaker 4: and that could affect your taxes seriously.
Speaker 5: So you want to take it step-by-step in that case.
Speaker 4: I still wouldn't let the taxes wag the dog.
Speaker 5: I would use it as.
Speaker 4: To be careful, but still, the risk of 95% in
Speaker 4: one stock is way too big to just sit on.
Speaker 5: So move as quickly as possible based.
Speaker 4: On your tax consequence of it. If it's got a
Speaker 4: huge gain and it's no step-up basis because of the
Speaker 4: type of the trust and Trust can.
Speaker 5: Be very heavy in taxes.
Speaker 4: Then take it step by step, maybe over the next
Speaker 4: six months. Otherwise, move it as quickly as you can
Speaker 4: over a month or two into cash or into other things.
Speaker 5: That's what I would do. Absolutely.
Speaker 3: You know what you should also do, folks?
Speaker 2: Speaking of which, Mark doesn't have to do this because
Speaker 2: he wrote the book, but you all should get your
Speaker 2: hands on the copy of Wall Street Awakening right here,
Speaker 2: Mark's book that he published several years ago.
Speaker 3: Make a donation to the ministry of any amount, financialissues.org.
Speaker 3: Click donate.
Speaker 2: Make sure to put in the subject line that you'd
Speaker 2: like a copy of the Wall Street Awakening. And if
Speaker 2: you want several copies, we'll give.
Speaker 3: You several as well. Get your copy, Wall Street Awakening.
Speaker 3: Great read. Mark, I'm proud to say I've finished it.
Speaker 3: It's an awesome book. Love it.
Speaker 1: Excellent.
Speaker 4: Well, you know, there's something else that's really awesome in
Speaker 4: that you can have your questions answered right here on
Speaker 4: Financial Issues Live by calling 610-363-1110.
Speaker 6: That's 610-363-1110.
Speaker 5: You got 15 minutes today to get them in.
Speaker 6: The opinions and recommendations expressed on this program do not
Speaker 6: necessarily represent the opinions of the station or any of
Speaker 6: the program's sponsors. Additionally, all products or services offered by
Speaker 6: the program's sponsors may not be known by the program.
Speaker 2: Mark, we had a great follow-up question in our chat
Speaker 2: from Patty in Indiana asking, Mark, if you inherit a
Speaker 2: stock from a trust, does that mean the step-up basis
Speaker 2: cannot be applied?
Speaker 4: No, not necessarily. It really depends on the type of trust.
Speaker 4: For example, normally with a revocable trust, a living trust,
Speaker 4: that's usually part of the estate still. It just bypasses probate,
Speaker 4: but it's still part of the estate. So effectively, that
Speaker 4: can and almost always does get seen as part of
Speaker 4: the estate and therefore gets the step-up basis. The area
Speaker 4: that people get hurt in is if it's an irrevocable trust.
Speaker 4: Then it's not part of the state. So oftentimes, unless
Speaker 4: there's something different about this, there's no step-up basis. So
Speaker 4: you have to be careful about that. It's the trust
Speaker 4: type that determines it.
Speaker 7: Yeah.
Speaker 6: Yeah.
Speaker 5: Makes sense.
Speaker 3: Patty, it's a good question.
Speaker 2: Guys, the markets yesterday, they fell to close the month
Speaker 2: of August by Monday's bell. You saw the Dow Jones
Speaker 2: down three quarters of a percent, S & P down
Speaker 2: a third, NASDAQ basically flat.
Speaker 3: It's the September swoon.
Speaker 1: I know.
Speaker 3: I was going to say that, Sam. The markets have
Speaker 3: opened red, and I'm wondering, oh, no, are we in
Speaker 3: the swoon?
Speaker 5: Is it September again?
Speaker 6: We did an episode on that, folks.
Speaker 5: Just look up September swoon in the search.
Speaker 9: It's not real.
Speaker 5: That's right.
Speaker 2: Mark, we are seeing oil is up about 3% this
Speaker 2: morning with the latest news of so-called peace talks in Iran.
Speaker 3: So we'll just have to see what's going on there.
Speaker 3: That was a joke, obviously. They're not peace talks.
Speaker 5: Because they're on, off, on, off, on, off.
Speaker 7: Exactly.
Speaker 5: I think they're off now.
Speaker 3: Yeah, I think so.
Speaker 4: Except I heard Trump last night say they're on. You
Speaker 4: just don't know about it. We're talking behind the scenes
Speaker 4: as we drop bombs on their heads.
Speaker 5: Exactly.
Speaker 2: So, Mark, your target that you've said before on the
Speaker 2: show is if we can get oil down to the
Speaker 2: 60s range, $ 60 a barrel range, that would be amazing.
Speaker 3: Is there still any chance of that? It's $ 88 a
Speaker 3: barrel right now.
Speaker 5: Oh, absolutely.
Speaker 4: I think the administration is doing a lot of good
Speaker 4: stuff to make that happen. The Argentina deal, the drilling
Speaker 4: that's going on, the building of a new processing plant,
Speaker 4: you know, to turn the crude into gasoline and diesel
Speaker 4: and all the other things.
Speaker 5: So, yeah, there's a lot going on.
Speaker 4: We could see that it's not going to happen overnight, folks,
Speaker 4: but it's going to happen and it's going to prepare
Speaker 4: us for the future.
Speaker 5: So that's a good thing.
Speaker 7: Yeah.
Speaker 5: Hey, why don't we go to John here? John's in Alabama. John,
Speaker 5: welcome to Financial Issues. Welcome to our show.
Speaker 9: Thank you. Glad to be on. And I appreciate financial
Speaker 9: issues for not investing in China, because maybe a lot
Speaker 9: of people don't know that if you invest in companies
Speaker 9: in China, you're investing in the CCP, and then you're
Speaker 9: investing in killing Americans' military.
Speaker 4: And babies, and Chinese babies, and enslaving wiggers to make
Speaker 4: tennis shoes and so many ugly things.
Speaker 5: That China does. They're our enemy. Why would we invest
Speaker 5: in them?
Speaker 9: Right, John? And Christians, yep. Don't forget the Christians that
Speaker 9: they're enslaved to make the Christmas lights that we buy.
Speaker 9: It's a sad thing.
Speaker 2: Yeah.
Speaker 4: John, thank you for bringing that up because that's very important.
Speaker 4: I can remember back in early 2000, I was being
Speaker 4: berated by other biblical responsible investment managers because I refused
Speaker 4: to invest in China. Because every Chinese domestic corporation has.
Speaker 5: A board of directors. At least one of the board members.
Speaker 4: Is from the CCP and they have more influence. It
Speaker 4: didn't matter if they were just one out of 12 people.
Speaker 4: If they said something, it got done. That was the
Speaker 4: bottom line. So effectively when you invest in any Chinese corporation,
Speaker 4: you are investing in China. That's why even if a
Speaker 4: company only has 51% or 52% ownership in an American company,
Speaker 4: we won't own it anymore because the influence is too
Speaker 4: strong there. And they do stack the board and do
Speaker 4: things like that. John, you're absolutely right. Thank you, brother,
Speaker 4: for your love for the Lord and bringing that up.
Speaker 9: Thank you. And I purchased three books and I'm planning
Speaker 9: on giving two away and I'll give the third one
Speaker 9: away after I read it. I got it last night.
Speaker 9: So thank you very much, John. So I started reading
Speaker 9: it and man, it is on point right at the beginning.
Speaker 9: It's must read for every Christian. Thank you. Have a
Speaker 9: blessed day.
Speaker 7: Thank you.
Speaker 5: Thank you, brother. You know, God gave that to me.
Speaker 5: I didn't write it.
Speaker 4: You read my op-eds, you know, there's Didn't you say
Speaker 4: there was a new op-ed posted of mine?
Speaker 3: Yeah, there is, Mark. As of this morning, we got
Speaker 3: a new op-ed out, yours posted on Town Hall. Check
Speaker 3: it out, folks. Debt, the new author of America.
Speaker 6: By the way, you can see all of his op-eds
Speaker 6: by going to our newsroom page at the top of financialissues.org.
Speaker 7: Awesome.
Speaker 5: Oh, that's all great.
Speaker 4: But if you read those, you can see there's a
Speaker 4: little bit different than my book because over a third
Speaker 4: of my book is actually biblical verses.
Speaker 5: Bible verses.
Speaker 3: It's really like a devotional book, Mark. I mean, it
Speaker 3: reads like a devotional.
Speaker 5: Well, the first half is a devotional. Plagiarize the Bible.
Speaker 5: The first, almost the first half is.
Speaker 5: Is a devotional because that prepares the heart.
Speaker 4: Then the second half is writing, what does it mean
Speaker 4: to invest with biblical integrity? And it gives you the
Speaker 4: real world perspective, you know, the wise is a serpent.
Speaker 4: How do you utilize wisdom to invest in a way
Speaker 4: that honors God? You know, how do you choose stocks?
Speaker 4: How do you choose a broker if you want somebody
Speaker 4: else to do it? All that kind of information is
Speaker 4: in there. So, John, thank you for for that. Uh,
Speaker 4: just so people know they can get, they can get
Speaker 4: a copy of, of the wall street awakening.
Speaker 5: How do they do that?
Speaker 2: So the best place to do it, Mark is go
Speaker 2: to financial issues.org and make a donation. Uh, you can
Speaker 2: undercut Amazon if you want to, cause you can make
Speaker 2: a donation of any amount. Uh, you can get it
Speaker 2: at Amazon as well, Mark, of course, but if you,
Speaker 2: if you get it, you know, right from us, we'll
Speaker 2: send you as many copies as you'd like within reason.
Speaker 3: Uh, and we've even got some signed copies left Mark.
Speaker 2: So you can get a signed Mark Manila vintage signature
Speaker 2: with his Hancock signature.
Speaker 3: One of those with it so yeah just.
Speaker 2: Go to financial go to financialissues.org click the donate button
Speaker 2: and then in the subject line just make a note
Speaker 2: that you'd like a copy or several copies of mark's book.
Speaker 4: And realize if you go out to Amazon or some
Speaker 4: bookstore and you get it, any of the profits from
Speaker 4: that do go to my wife's and I, 501c3, where
Speaker 4: we help individuals who are financially struggling.
Speaker 3: So you don't need to undercut that then.
Speaker 4: And then if you go directly to financial issues and
Speaker 4: get it, all the money goes there.
Speaker 5: That's awesome.
Speaker 7: Yeah.
Speaker 4: Why don't we go to Oscar? Oscar, welcome to financial issues.
Speaker 4: What's on your mind today?
Speaker 8: Hi.
Speaker 7: Good morning, Mike.
Speaker 5: Good morning.
Speaker 7: Yeah.
Speaker 5: Okay.
Speaker 7: Hi.
Speaker 5: So I cannot know this one, but I just want
Speaker 5: to make sure.
Speaker 7: What exactly is money market?
Speaker 5: What exactly is a money market?
Speaker 7: Yeah. Yeah.
Speaker 5: A money market is just an.
Speaker 4: Investment instrument, usually by banks or financial institutions. And what
Speaker 4: they do is you put money in a money market.
Speaker 4: It's effectively lending that money to the bank or financial institution,
Speaker 4: but they take that, they take the money and they
Speaker 4: relend it out to many people, but they also invest
Speaker 4: that money in something like a short-term treasuries or something
Speaker 4: that's very, uh, very safe in general that also is
Speaker 4: secured by FDIC. So if there's fraud or something, it
Speaker 4: doesn't go away. But also that doesn't have a lot
Speaker 4: of volatility in it.
Speaker 5: It's just affected by the interest rates. Did that make sense, Oscar?
Speaker 7: Yeah, yeah, that helps.
Speaker 5: Thank you.
Speaker 6: So that's kind of like anything like bonds, CDs, things
Speaker 6: like that?
Speaker 5: I'm sorry, I didn't hear the full question there. Is
Speaker 5: that like a CV, a.
Speaker 4: Bond? Yes, it fits in the same category as that,
Speaker 4: but it's even a little bit, it's totally liquid. There's
Speaker 4: money market checking accounts, there's money market savings accounts.
Speaker 5: Unlike a bond.
Speaker 4: You'd have to go out to a brokerage, some brokerage
Speaker 4: to utilize a bond, a CD you could get at
Speaker 4: a bank, but they tie it up. They say, hey,
Speaker 4: we'll give you a little bit more interest than a
Speaker 4: money market account, but you have to leave it in.
Speaker 4: for the six month or one year or three year
Speaker 4: period to get this additional interest rate on it so
Speaker 4: they lock it up with penalties to say all right
Speaker 4: if you do take it out before then then you're
Speaker 4: going to lose the interest or a portion of the
Speaker 4: interest that we would that you would have received or
Speaker 4: something like that so uh it's just a very flexible
Speaker 4: um probably one of the safest areas to put money
Speaker 4: we normally wouldn't put money in there and just leave
Speaker 4: it oscar because it it barely if it even does
Speaker 4: keep up with inflation and taxes so after taxes and
Speaker 4: inflation you're probably going backwards by leaving money in a
Speaker 4: money market account however it is a great place for
Speaker 4: you to store money as you're trying to figure out
Speaker 4: where to deploy it to let's say that you just
Speaker 4: sold off some really big it firm that uh that
Speaker 4: now it got too big in your portfolio and you
Speaker 4: pruned it back and you.
Speaker 5: Have all this extra cash.
Speaker 4: Well, instead of letting it sit in a cash, because
Speaker 4: usually just cash doesn't earn hardly anything, 0.0001% or something
Speaker 4: like that, you put it in a money market at
Speaker 4: the brokerage or at the bank, and then you get
Speaker 4: maybe 1%, 2%, or 3% as you're trying to figure
Speaker 4: out where do you want to deploy this money to
Speaker 4: in your portfolio. So it's a great place to hold
Speaker 4: money while you're making decisions. That's my primary use of it.
Speaker 4: Or it's a great place to hold money for the
Speaker 4: short term if you have some big expenses coming up,
Speaker 4: like within the next three or six months, then put
Speaker 4: it in the market where it could be at risk.
Speaker 4: So you put it in the money market so it's there,
Speaker 4: and then you have it when you need to replace
Speaker 4: that car, that refrigerator, or pay the people for remodeling
Speaker 4: your kitchen or however you're you think about that. So Oscar,
Speaker 4: I really appreciate your calling that because it helps define
Speaker 4: that for people. I also want to thank you for
Speaker 4: loving the Lord and being a great steward by investing
Speaker 4: with biblical integrity. And I want to thank all of
Speaker 4: you for being here with us and loving the Lord
Speaker 4: and investing with biblical integrity. Look forward to seeing you
Speaker 4: real soon. How about like tomorrow morning? So rev up
Speaker 4: that dialing finger, 610-363-1110. We'll get to your questions in
Speaker 4: the morning.
Speaker 1: If we ever forget that we're one nation under God,