WEBVTT 1 00:00:03.759 --> 00:00:07.559 Welcome to Financial Issues, where we help you steward faithfully 2 00:00:07.759 --> 00:00:11.359 by honoring God with your investments. Now, listen in as 3 00:00:11.400 --> 00:00:14.199 we give you the practical tools and advice you need 4 00:00:14.480 --> 00:00:17.000 to become a biblically responsible investor. 5 00:00:25.280 --> 00:00:28.719 This is Financial Issues where we help you defund darkness 6 00:00:28.719 --> 00:00:31.519 and fund the light by investing with biblical integrity. Folks, 7 00:00:31.600 --> 00:00:34.200 it is Friday, that means it's Focused Friday, and we 8 00:00:34.240 --> 00:00:36.320 also have overtime today. Give us a call the number 9 00:00:36.359 --> 00:00:38.640 six ten three sixty three eleven ten. I'm Sethi Dinsky. 10 00:00:38.679 --> 00:00:40.759 Sam Case is in the control room and we've got 11 00:00:40.799 --> 00:00:43.359 your host with us, Mark Manila, Mark, good morning brother, 12 00:00:43.439 --> 00:00:44.039 Ready for the show. 13 00:00:44.079 --> 00:00:47.960 Good morning, Absolutely Focus Friday and overtime. 14 00:00:48.039 --> 00:00:49.719 How could it not be a wonderful day? 15 00:00:49.799 --> 00:00:51.679 Yeah, it doesn't get much better than that. It's gonna 16 00:00:51.679 --> 00:00:53.079 be awesome, looking forward to it, Folks. 17 00:00:53.159 --> 00:00:53.640 Join us now. 18 00:00:53.600 --> 00:00:56.000 If phone lines are wide open, we'll be here for 19 00:00:56.039 --> 00:00:59.000 the next ninety minutes or so. Six' ten three six 20 00:00:59.119 --> 00:01:00.960 three eleven. Ten that's a lot of. Blens that's a 21 00:01:00.960 --> 00:01:03.000 lot of, Minutes plenty of time to get your phone calls. 22 00:01:03.039 --> 00:01:05.280 In got a lot to talk about, today, Guys Crossways Kids, 23 00:01:05.280 --> 00:01:07.840 club we'll get to that a little, Bit Big tech, EARNINGS, 24 00:01:07.879 --> 00:01:11.480 gdp your, questions busy show. Today but before all of, it, 25 00:01:11.519 --> 00:01:13.560 guys let's mark why don't remind our listeners of our 26 00:01:13.640 --> 00:01:16.359 verse for this, Week Matthew six's twenty four. 27 00:01:16.439 --> 00:01:16.920 Mark what is? 28 00:01:16.959 --> 00:01:20.079 It, Well matthew, six twenty four is a verse that 29 00:01:20.280 --> 00:01:23.959 helps us to realize the truth that we can only 30 00:01:24.000 --> 00:01:28.359 serve one, master bottom line on. It and we can't 31 00:01:28.400 --> 00:01:32.560 Serve mammon And god. Both we can't serve anything In 32 00:01:32.599 --> 00:01:36.359 god both because we'll hate one and serve the. Other 33 00:01:37.000 --> 00:01:39.599 or you, know it's very, clear AND i think that 34 00:01:39.599 --> 00:01:42.400 that's why we need to stay focused on this if 35 00:01:42.439 --> 00:01:45.239 we are able to keep our. MIND i, mean the 36 00:01:45.359 --> 00:01:48.000 number one thing that we need to realize is there's 37 00:01:48.159 --> 00:01:51.920 only One. God everything else is either a tool or 38 00:01:51.920 --> 00:01:54.879 a distraction to honor That, god and we need to 39 00:01:55.000 --> 00:01:59.120 utilize it in that, way either put it out of 40 00:01:59.159 --> 00:02:02.239 our lives totally or use it as a tool to 41 00:02:02.280 --> 00:02:04.760 Honor god one of the. Other but never make it Our, 42 00:02:04.799 --> 00:02:07.640 god never make it our. Hope never make it where 43 00:02:07.680 --> 00:02:11.159 we turn to in time to crisis or even in good. 44 00:02:11.199 --> 00:02:14.840 Times well said, Brother no one can serve two. 45 00:02:14.919 --> 00:02:17.360 Masters whill hate one love the other else be loyal 46 00:02:17.400 --> 00:02:19.360 to want to despise the. Other you cannot Serve, god and, 47 00:02:19.400 --> 00:02:21.560 Ma'am and that's a great, Reminder, mark we need to 48 00:02:21.840 --> 00:02:22.400 Serve god. 49 00:02:22.439 --> 00:02:22.719 First. 50 00:02:22.840 --> 00:02:23.159 Amen. 51 00:02:23.240 --> 00:02:25.800 Amen, well, guys let's talk about the big tech. 52 00:02:25.840 --> 00:02:28.360 Earnings so this, was of course magnificent seven. Week we 53 00:02:28.400 --> 00:02:29.599 had four of the four of the. 54 00:02:29.639 --> 00:02:29.919 Seven. 55 00:02:30.360 --> 00:02:32.360 Mark by the, way we use that term magnificent. Seven 56 00:02:32.400 --> 00:02:36.360 are they really still the? MAGNIFICENCE i know it's all 57 00:02:36.400 --> 00:02:40.599 that special. Anymore it seems, like, YEAH i Like mega. 58 00:02:40.639 --> 00:02:43.319 Better there you Go mega. 59 00:02:42.919 --> 00:02:46.759 Because of the size. Magnificent they've never been. Magnificent they've 60 00:02:46.800 --> 00:02:51.039 always been a little bit. Stinky, yeah, yeah and. SCARY 61 00:02:51.400 --> 00:02:55.360 i MEAN i Remember meta, back you, KNOW i Mean, 62 00:02:55.439 --> 00:03:02.000 google how everybody Loved google when it started blossoming and getting, 63 00:03:02.039 --> 00:03:05.000 great and you, know their things was harm no one 64 00:03:05.159 --> 00:03:07.360 and all this kind of. Stuff and then they found 65 00:03:07.400 --> 00:03:11.400 then everybody found out they were manipulating all the everything 66 00:03:11.479 --> 00:03:15.000 on The internet and just doing it all for. Money 67 00:03:15.080 --> 00:03:17.560 and it's, like, oh, Stinky. 68 00:03:17.919 --> 00:03:20.439 Yeah remember the motto was don't be. 69 00:03:20.599 --> 00:03:22.599 Evil and then we found out that they were working 70 00:03:22.639 --> 00:03:26.159 With china to create this whole sensor. System so everyone was, Like, 71 00:03:26.199 --> 00:03:28.039 oh the motto actually should be be. 72 00:03:28.199 --> 00:03:29.639 Evil, yeah. 73 00:03:31.080 --> 00:03:32.680 Much more, accurate much more. 74 00:03:32.680 --> 00:03:35.479 Accurate, well, guys we did See apple And amazon both reporting. 75 00:03:35.560 --> 00:03:38.159 Yesterday, sam you wanna give us the details? There that's. 76 00:03:38.240 --> 00:03:41.319 Right we got those earnings reports in and it was 77 00:03:41.439 --> 00:03:44.400 a little bifurcated this, time just like yesterday with some 78 00:03:44.439 --> 00:03:47.360 of the other big tech. Stocks So apple coming in 79 00:03:47.479 --> 00:03:50.919 shares a falling seven percent in the pre market as, earnings, 80 00:03:50.960 --> 00:03:55.199 revenue and iPhone sales all be, expectations but the company 81 00:03:55.240 --> 00:03:59.120 issued weaker forward guidance for the current, quarter citing supply 82 00:03:59.280 --> 00:04:03.960 constraints to the ongoing global memory supply. Crunch on the flip, 83 00:04:03.960 --> 00:04:06.919 Side amazon shares were up twelve percent in pre. Markets 84 00:04:07.039 --> 00:04:11.120 amazon's cloud computing business jumped thirty seven percent in the second, 85 00:04:11.159 --> 00:04:15.120 quarter marking the biggest expansion since twenty twenty. One, meanwhile 86 00:04:15.159 --> 00:04:18.199 the company forecast capital expenditures to hit two hundred and 87 00:04:18.199 --> 00:04:21.920 twenty billion dollars this, year up from a prior forecast 88 00:04:22.160 --> 00:04:25.360 of two hundred billion, dollars so an increase of twenty 89 00:04:25.600 --> 00:04:26.800 billion dollars all. 90 00:04:26.839 --> 00:04:30.000 Set that's a lot of, money. 91 00:04:31.600 --> 00:04:32.120 It really. 92 00:04:32.199 --> 00:04:33.439 Is but you know, what. 93 00:04:35.199 --> 00:04:38.720 You, know these in general across the board were pretty, 94 00:04:38.720 --> 00:04:42.360 good strong business results even you, know we say one 95 00:04:42.519 --> 00:04:46.040 was good and one was. Bad really they were all good. 96 00:04:46.040 --> 00:04:50.040 Reports for the, reaction yeah, Yeah and the projections are 97 00:04:50.079 --> 00:04:53.399 where they got hung up because what happens was they 98 00:04:53.480 --> 00:04:57.920 were projecting less, revenues are less earnings because of the 99 00:04:57.959 --> 00:05:01.000 spending and that kind of. THING i think the market's 100 00:05:01.000 --> 00:05:05.079 reaction was mixed because expectation and valuations were extremely. High 101 00:05:05.160 --> 00:05:09.639 when you get extremely high, valuations the markets start expecting 102 00:05:09.680 --> 00:05:12.240 more out of, you and that doesn't mean just, today 103 00:05:12.319 --> 00:05:14.759 it means for the next couple of. Years with these, 104 00:05:14.839 --> 00:05:18.639 valuations and when the leadership comes out and says it's 105 00:05:18.680 --> 00:05:20.800 not going to be so great going. Forward we're spending 106 00:05:20.800 --> 00:05:23.160 a lot of money and it's not producing as. Much 107 00:05:23.519 --> 00:05:26.560 so half of the reports were that way and the 108 00:05:26.600 --> 00:05:29.720 other half, words it's looking really. Good we're starting to 109 00:05:29.759 --> 00:05:32.879 see revenues from all the money we're porn INTO. Ai, 110 00:05:33.319 --> 00:05:37.040 so you, KNOW i think really what the markets are, 111 00:05:37.120 --> 00:05:41.120 saying what investors are, saying is show me. 112 00:05:41.120 --> 00:05:42.000 Where the revenue. 113 00:05:42.120 --> 00:05:45.839 Is. Now we've ran up your, stock we've bought, it 114 00:05:45.920 --> 00:05:48.240 we've wrote, it and now we want to see that 115 00:05:48.480 --> 00:05:52.120 your decision making is as strong as you said it 116 00:05:52.240 --> 00:05:54.920 was going to. Be so show me the. Money, well 117 00:05:55.040 --> 00:05:57.120 the money isn't there. Yet it's still a little bit 118 00:05:57.160 --> 00:05:59.480 early for. That we're just seeing the beginning of the. 119 00:05:59.519 --> 00:06:03.560 Revenue but still it is a good. INDICATOR i think 120 00:06:03.600 --> 00:06:07.199 across the board we should see some pullbacks just for 121 00:06:07.279 --> 00:06:13.480 the valuation, situation but we also should expect to see 122 00:06:13.519 --> 00:06:17.120 a lot of revenues and hold hold these companies if 123 00:06:17.519 --> 00:06:19.720 we were going to hold, them but we won't because 124 00:06:19.720 --> 00:06:24.560 they're not. Clean but the peripheral, companies all those satellites 125 00:06:24.600 --> 00:06:27.439 in THE ai, business we need we can hold them 126 00:06:27.519 --> 00:06:31.040 to the fire as well and make sure that the 127 00:06:31.120 --> 00:06:35.240 management really is investing FOR roi and not just for 128 00:06:35.360 --> 00:06:36.759 ego and to be part of a. 129 00:06:36.800 --> 00:06:39.000 Party we have to do. That we have to hold 130 00:06:39.000 --> 00:06:40.240 them accountable. 131 00:06:39.759 --> 00:06:42.079 Also AND i think the markets are doing that all the. 132 00:06:42.120 --> 00:06:45.839 MEMORY i, think, yeah that's all peripheral, everything, memory, chips, 133 00:06:46.199 --> 00:06:50.439 electronics anything to do with THE ai, built including. 134 00:06:50.040 --> 00:06:52.120 Roofing you, know, materials. 135 00:06:52.560 --> 00:06:56.240 Everything so we need to hold them accountable because they 136 00:06:56.279 --> 00:07:00.000 all ran On hey look at we're part of THIS ai. Infrastructure, 137 00:07:00.120 --> 00:07:02.920 okay showed me the. Money now it's time to start. 138 00:07:02.959 --> 00:07:05.399 Producing it's time for revenues to start coming. 139 00:07:05.399 --> 00:07:09.240 In speaking of, Production, mark we did get On thursday 140 00:07:09.279 --> 00:07:12.240 gross domestic, production THE gdp, NUMBER sam give us. 141 00:07:12.319 --> 00:07:13.800 That what were we looking at? 142 00:07:13.800 --> 00:07:15.160 There we sure did. 143 00:07:15.240 --> 00:07:18.759 So The bureau Of Economic analysis released an advance estimate 144 00:07:18.800 --> 00:07:21.759 of second QUARTER. Gdp so does that even really mean 145 00:07:21.800 --> 00:07:24.480 anything if it's just an advanced? Estimate but still we'll 146 00:07:24.480 --> 00:07:27.199 talk about, it showing THE us economy grew at an 147 00:07:27.240 --> 00:07:30.560 annual rate of one point five percent From april Through, 148 00:07:30.639 --> 00:07:31.680 june so the second. 149 00:07:31.720 --> 00:07:32.759 Quarter in the. 150 00:07:32.680 --> 00:07:35.279 First quarter of twenty twenty, six for, comparison the economy 151 00:07:35.319 --> 00:07:38.639 grew about two point one. Percent, combined the economy grew 152 00:07:38.639 --> 00:07:41.639 about one point eight percent during the first half of 153 00:07:41.680 --> 00:07:45.240 twenty twenty. Six, NOW cnbc reports that in twenty twenty, 154 00:07:45.279 --> 00:07:48.639 five the economy overall grew about a two point one 155 00:07:48.720 --> 00:07:52.360 percent for the. Year, now, mark from my naive, PERSPECTIVE 156 00:07:52.519 --> 00:07:55.120 i thought that they were, saying, okay so we're basically 157 00:07:55.399 --> 00:07:58.560 on track to meet that number this year as. Well 158 00:07:58.600 --> 00:08:01.399 but you're saying they're trying to play some shenanigans with this. 159 00:08:01.480 --> 00:08:04.439 Number tell me about. That are you putting words in my? 160 00:08:04.519 --> 00:08:09.519 Mouth that's the last TIME i talked to you about 161 00:08:09.519 --> 00:08:14.279 this before the. Show, Actually, sam you're absolutely. 162 00:08:14.399 --> 00:08:17.519 RIGHT i really there's a couple of things that kind 163 00:08:17.519 --> 00:08:19.160 of bother, me irritate. 164 00:08:19.279 --> 00:08:21.759 ME i don't know what's the right. Word just make 165 00:08:21.839 --> 00:08:22.279 me want. 166 00:08:22.160 --> 00:08:25.959 To beat me by one. Second. 167 00:08:26.480 --> 00:08:32.440 YEAH i do not consider advanced estimates especially, trustworthy you, 168 00:08:32.480 --> 00:08:35.200 Know so why are we even playing with? 169 00:08:35.240 --> 00:08:35.759 That we don't. 170 00:08:35.840 --> 00:08:38.639 Know we, know even when we get the solid, number 171 00:08:38.799 --> 00:08:41.399 when the quarter's in and they and they give us a, 172 00:08:41.480 --> 00:08:44.519 number they revise at thirty and sixty days. Later so 173 00:08:44.639 --> 00:08:47.399 even once we have the real data coming, in it's 174 00:08:47.480 --> 00:08:49.519 revised estimate is going to. 175 00:08:49.600 --> 00:08:50.480 Be it's done In. 176 00:08:50.679 --> 00:08:53.879 DECEMBER i get the true number in the, end well 177 00:08:53.919 --> 00:08:56.799 for the, Year, yeah but, no you don't get that 178 00:08:56.879 --> 00:09:00.879 Until february Or march when they revise it. Twice you. Know, 179 00:09:01.000 --> 00:09:03.840 yeah it's going to go on. Forever SO i don't 180 00:09:03.840 --> 00:09:06.480 put a lot of weight into, this first of. All and, 181 00:09:07.039 --> 00:09:11.399 secondly it's exactly like you, said they're comparing, things but 182 00:09:11.639 --> 00:09:15.600 somehow they managed to manipulate it enough to sound, like, 183 00:09:15.840 --> 00:09:18.799 oh we're not growing as fast as we were last 184 00:09:18.919 --> 00:09:22.679 year now by putting those numbers. Together but they're comparing 185 00:09:22.720 --> 00:09:26.639 a half year against the full. Year even even if 186 00:09:26.679 --> 00:09:28.720 you wanted to do, that it doesn't make. SENSE i 187 00:09:28.759 --> 00:09:31.600 did a comparison of last year's first quarter with this 188 00:09:31.720 --> 00:09:32.240 year's first. 189 00:09:32.320 --> 00:09:33.639 Quarter guess, what we're. 190 00:09:33.720 --> 00:09:38.000 Up we're up point two percent over last year's first, 191 00:09:38.080 --> 00:09:40.639 quarter our first half of the. Year so when you 192 00:09:40.679 --> 00:09:45.240 compare apples with, apples or six months with six, months 193 00:09:45.360 --> 00:09:48.679 we're doing better than we. Were so effectively the trend is, 194 00:09:48.759 --> 00:09:52.559 up not, down and effectively things are doing. 195 00:09:52.559 --> 00:09:53.960 Better. Now did we have. 196 00:09:55.399 --> 00:09:59.399 A worse quarter than the prior, Quarter, yeah that, happens 197 00:09:59.480 --> 00:10:01.399 just like you know, what you have a worse day 198 00:10:01.679 --> 00:10:04.240 than the prior day in the. Market nobody comes out and, says, 199 00:10:04.360 --> 00:10:07.360 hey the markets did not rise as fast as they did. 200 00:10:07.480 --> 00:10:10.840 Yesterday therefore we're going into a great depression in the. 201 00:10:10.879 --> 00:10:15.679 Markets but they'll do that with economic data to to 202 00:10:16.240 --> 00:10:21.320 try and seed this content and make people anxious and 203 00:10:21.399 --> 00:10:23.159 make them feel, like, oh something's. 204 00:10:23.200 --> 00:10:24.919 Wrong but they do it in such a. 205 00:10:24.919 --> 00:10:27.440 Way that it's not, obvious and it only in the 206 00:10:27.440 --> 00:10:29.840 back of your mind you, say, oh the numbers are smaller. 207 00:10:29.879 --> 00:10:33.399 Now the other day he, SAID i don't care about 208 00:10:33.440 --> 00:10:34.080 single data. 209 00:10:34.120 --> 00:10:35.120 POINTS i just don't. 210 00:10:35.120 --> 00:10:41.080 Care six ten three six three eleven ten six three 211 00:10:41.919 --> 00:10:51.720 six three. SIX i don't know you guys know the, number. 212 00:11:08.799 --> 00:11:10.600 Folks it is great to be here with you this, 213 00:11:10.679 --> 00:11:14.039 morning the number six ten three six three eleven ten 214 00:11:14.600 --> 00:11:16.480 six ten three six three eleven Ten Focus. 215 00:11:16.519 --> 00:11:17.960 Friday happy to have you. 216 00:11:18.000 --> 00:11:21.000 All you, Know, mark speaking of being, HAPPY i am 217 00:11:21.320 --> 00:11:24.679 delighted to tell our listeners you know what, now it's 218 00:11:24.720 --> 00:11:24.919 just so. 219 00:11:25.039 --> 00:11:26.799 Delightful. Mark you got to be the one to break the. 220 00:11:26.840 --> 00:11:30.440 News oh, no, no. No this has been a group. 221 00:11:30.519 --> 00:11:33.559 Thing and the group includes all our, partners all our, 222 00:11:33.639 --> 00:11:38.559 listeners all our all our. Watchers it's the financial issues 223 00:11:38.720 --> 00:11:41.480 family came together and did what Suff. 224 00:11:41.399 --> 00:11:43.039 Yeah we. Did we did an amazing, thing. 225 00:11:43.080 --> 00:11:45.279 Folks so our goal For Crossroads Kids club the last 226 00:11:45.279 --> 00:11:47.759 two weeks was to raise twenty five thousand. Dollars as 227 00:11:47.799 --> 00:11:53.039 of yesterday, afternoon we have raised forty five thousand dollars. 228 00:11:52.519 --> 00:11:53.559 And, change where's the? 229 00:11:53.600 --> 00:11:56.360 Applause it's, amazing it's amazing, stuff so. 230 00:11:56.519 --> 00:11:58.519 Cool we're still expecting, mail. 231 00:11:58.600 --> 00:12:00.639 Folks so what this means is, that you, know our 232 00:12:00.679 --> 00:12:03.600 goal was sponsoring one hundred and twenty five. Kids with 233 00:12:03.679 --> 00:12:06.240 this match that This crossroads donor, has we're actually going 234 00:12:06.279 --> 00:12:08.879 to be reaching one hundred and seventy six kids as 235 00:12:09.000 --> 00:12:11.440 of yesterday afternoon's probably going to be. More we got 236 00:12:11.440 --> 00:12:14.240 a chance to sponsor two hundred. Kids, Mark this is just. 237 00:12:14.279 --> 00:12:17.159 AMAZING i, mean Praise god and well done to The 238 00:12:17.159 --> 00:12:20.799 financial issues. Audience as, Expected, mark we had a huge 239 00:12:20.840 --> 00:12:24.879 financial issues audience behavior in the eleven. Hour, yeah blow 240 00:12:24.919 --> 00:12:25.360 it out of the. 241 00:12:25.399 --> 00:12:29.639 Water, awesome just, amazing just, amazingly so so. 242 00:12:29.840 --> 00:12:33.960 COOL i am very proud of our. Listeners i'm also 243 00:12:35.559 --> 00:12:39.759 my heart is warmed that the importance of the gospel 244 00:12:40.840 --> 00:12:43.440 is in all the hearts of those people who are 245 00:12:43.559 --> 00:12:47.039 part of Our Financial issues, family and they all. Participate 246 00:12:47.039 --> 00:12:50.240 all those who, participated thank you so. Much the gospel 247 00:12:50.279 --> 00:12:53.200 is getting. Out there are new children this year that 248 00:12:53.279 --> 00:12:56.320 are going to learn about the love Of, christ learn about, 249 00:12:56.360 --> 00:13:00.279 grace learn about, eternity and learn about how to live 250 00:13:00.320 --> 00:13:04.799 here as a steward because of your your, charity uh 251 00:13:04.840 --> 00:13:08.600 with by stewarting those Things god has entrusted. You thank 252 00:13:08.639 --> 00:13:08.879 you so. 253 00:13:09.039 --> 00:13:12.159 Much, absolutely And, mark of, course keep in Mind crossroads 254 00:13:12.159 --> 00:13:14.879 trying to launch thirty new clubs nationwide for this coming school. 255 00:13:14.919 --> 00:13:16.120 Year this is going to help a. 256 00:13:16.120 --> 00:13:19.080 Lot it was gonna help a whole lot Absol Praise, god, 257 00:13:19.440 --> 00:13:21.759 folks we'll probably in, fact maybe you guys could do 258 00:13:21.799 --> 00:13:24.559 this next. Week maybe maybe get a final number On, 259 00:13:24.639 --> 00:13:27.279 monday because we'll probably have more of those final numbers 260 00:13:27.320 --> 00:13:29.200 in if you haven't got a chance to, donate. Folks 261 00:13:29.200 --> 00:13:31.879 by the, way the the campaign is still on through 262 00:13:31.879 --> 00:13:33.320 the end of the through the end of, Today so 263 00:13:33.399 --> 00:13:35.679 if you want to make a, donation reach our schools 264 00:13:35.679 --> 00:13:36.679 dot com be a great thing to. 265 00:13:36.720 --> 00:13:36.840 Do. 266 00:13:37.399 --> 00:13:41.200 Well mark the markets, yesterday speaking of, happiness the markets 267 00:13:41.200 --> 00:13:43.120 were also, happy but for a much less important. 268 00:13:43.159 --> 00:13:44.159 Reason they were soaring. 269 00:13:44.320 --> 00:13:46.600 Yesterday The Dow jones and THE s AND p both 270 00:13:46.679 --> 00:13:48.440 up well over a, percent same with The russell two. 271 00:13:48.440 --> 00:13:50.919 Thousand the tech Heavy nasdaq. Finished AM i reading this? 272 00:13:51.000 --> 00:13:51.120 Right? 273 00:13:51.159 --> 00:13:54.279 Sam two and three quarter percentage? Points, yeah you're reading it. 274 00:13:54.320 --> 00:13:55.720 Right that's, incredible reading it, right. 275 00:13:55.879 --> 00:13:59.360 Incredible so and Sand, disc my golly Sand, disc one 276 00:13:59.360 --> 00:14:01.200 of the one of those tech. HOLDINGS i saw it 277 00:14:01.240 --> 00:14:04.399 was up near twenty five percent. Yesterday so, yeah that, 278 00:14:04.519 --> 00:14:08.039 happens doesn't. It it's the roller coaster we set, it. 279 00:14:08.080 --> 00:14:10.399 Folks at the beginning of the, summer no one listened to, Us, 280 00:14:10.440 --> 00:14:13.320 mark but yet here we are the roller. Coaster we've 281 00:14:13.320 --> 00:14:14.080 seen it up down on. 282 00:14:14.240 --> 00:14:17.120 Well hopefully all our partners listen to us, well just 283 00:14:17.159 --> 00:14:20.720 like we talked about diversifying all for the first half 284 00:14:20.759 --> 00:14:23.519 of this, year we kept saying valuations are. High we 285 00:14:23.559 --> 00:14:27.919 need to keep diversification clear and, concise not let any 286 00:14:27.960 --> 00:14:31.720 one stock or anyone sector get so big that when 287 00:14:31.759 --> 00:14:34.519 it does pull, back it hurts your portfolio. Lot hopefully 288 00:14:34.559 --> 00:14:37.879 all our partners listen to us with that. Too you 289 00:14:37.919 --> 00:14:40.399 know who knows where it. Goes BUT i do know 290 00:14:40.519 --> 00:14:43.519 that we have an administration in there who are pulling 291 00:14:43.519 --> 00:14:46.159 the right, levers doing the right, things and a lot 292 00:14:46.200 --> 00:14:48.559 of them are being done behind the scenes that we can't. 293 00:14:48.600 --> 00:14:52.480 See but they're setting foundations for doing some things like 294 00:14:52.600 --> 00:14:55.440 draining more of the. Swamp the MORE i dig into, 295 00:14:55.440 --> 00:14:58.320 it the More i'm seeing where they're uncovering fraud and 296 00:14:58.399 --> 00:15:01.200 waste and they're actually pulled on it back and or 297 00:15:01.240 --> 00:15:03.919 stopping the money from going out like they did with 298 00:15:04.000 --> 00:15:06.600 The Social security payments to the, dead like they Did 299 00:15:07.279 --> 00:15:12.440 california for the For medicare, reimbursements and other states that 300 00:15:12.600 --> 00:15:16.240 will not give them the information they need to make 301 00:15:16.279 --> 00:15:18.679 sure the money's going in the right. PLACES i think 302 00:15:18.720 --> 00:15:22.200 this administration is doing all its can and a little bit. 303 00:15:22.240 --> 00:15:25.759 More that's why there's all these. Lawsuits everything they try to, 304 00:15:25.799 --> 00:15:28.240 do it doesn't matter if it's, right wrong or. Indifference 305 00:15:28.440 --> 00:15:31.279 they're being sued for. It and this is just. Evil 306 00:15:31.440 --> 00:15:37.759 it's it's a, ACTUALLY i believe it's A islamic socialistic. 307 00:15:37.120 --> 00:15:42.720 Takeover lunchinesss there you, go you. 308 00:15:42.759 --> 00:15:46.559 GO i never thought that unholy union whatever, Happened Green Red. 309 00:15:46.559 --> 00:15:49.240 Alliance those two worldviews seem so. Separate but one thing 310 00:15:49.240 --> 00:15:52.639 they're united. Under i've said they are united under their 311 00:15:52.679 --> 00:15:55.840 hatred Of. Christianity that's one thing that they can agree. 312 00:15:55.879 --> 00:15:59.240 On you, know when you when you look at, well 313 00:15:59.399 --> 00:16:03.360 let's not get that day we've been on. Pop we 314 00:16:03.399 --> 00:16:06.559 have something to. Celebrate the gospel is going out again 315 00:16:06.879 --> 00:16:07.559 and that's a good. 316 00:16:07.600 --> 00:16:09.879 Thing it's, awesome, man it's. Awesome six ten three six 317 00:16:09.960 --> 00:16:12.679 three eleven. Ten, folks why don't you join the conversation? 318 00:16:12.840 --> 00:16:15.240 There we would love to have you. 319 00:16:15.279 --> 00:16:17.279 Here. Mark here's a good question From. Kelly. 320 00:16:17.360 --> 00:16:19.840 So kelly's a partner and she was, SAYING i recently 321 00:16:19.840 --> 00:16:23.960 renewed my. PARTNERSHIP i haven't been able to find THE 322 00:16:24.000 --> 00:16:27.720 tsp allocation. Models models that were once, there do you 323 00:16:27.759 --> 00:16:29.120 guys have plans on adding those? 324 00:16:29.159 --> 00:16:29.639 Again at some? 325 00:16:29.679 --> 00:16:31.200 Point, mark MAYBE i can give a little bit of 326 00:16:31.200 --> 00:16:33.039 context to. This so back in the old days OF, 327 00:16:33.120 --> 00:16:37.159 fism we used to have a third category of asset allocation. 328 00:16:37.279 --> 00:16:40.600 Models it was A, tsp a thrift savings plan because you, 329 00:16:40.600 --> 00:16:42.639 know we had many people who were government employees and the. 330 00:16:42.679 --> 00:16:45.919 Military but obviously we did get rid of. Those that 331 00:16:46.000 --> 00:16:48.799 was several years. Ago So, Mark i'll let you speak to, 332 00:16:48.840 --> 00:16:51.519 this you, know as the one in you know, charge 333 00:16:51.559 --> 00:16:53.279 what what do you think do we have plans on 334 00:16:53.320 --> 00:16:54.519 adding these again or will that not? 335 00:16:54.559 --> 00:16:58.240 Happen, well it's it's an excellent question because it brings 336 00:16:58.320 --> 00:17:01.200 up some some. Points two POINTS i want to really 337 00:17:01.360 --> 00:17:06.240 discuss is, one it did we before my? Time they 338 00:17:06.279 --> 00:17:09.519 stopped doing that for a, reason and that's because there 339 00:17:09.599 --> 00:17:10.799 wasn't anything. 340 00:17:10.400 --> 00:17:13.519 There to invest in that was, clean biblically. 341 00:17:13.559 --> 00:17:17.160 Responsible so that's really important and a lot of people 342 00:17:17.200 --> 00:17:20.240 don't understand, that but it is really. Important how can 343 00:17:20.279 --> 00:17:23.480 we give guidance on how to invest if there's nothing 344 00:17:23.519 --> 00:17:26.839 to invest. In that would be the first part of, 345 00:17:26.880 --> 00:17:29.599 it so we have to be very careful about. That 346 00:17:29.759 --> 00:17:32.000 but the second part of it is really. Important there 347 00:17:32.160 --> 00:17:35.079 is a there is a government. Bond you, know the 348 00:17:35.160 --> 00:17:38.960 g fund is? There, okay you could just go into, 349 00:17:39.000 --> 00:17:42.720 that and why would we even suggest. That, well here's 350 00:17:42.759 --> 00:17:46.400 the bottom. Line they. Are you get one percent if 351 00:17:46.440 --> 00:17:51.680 you're in a thrift. Plan the government provides one percent. 352 00:17:51.359 --> 00:17:52.079 Even if you don't. 353 00:17:52.119 --> 00:17:56.039 Contribute then they match the first three percent that you put, 354 00:17:56.079 --> 00:17:59.640 in so that's one hundred percent. Match so, effectively on 355 00:17:59.680 --> 00:18:02.799 that three percent that you put, in you're making one 356 00:18:02.839 --> 00:18:07.039 hundred percent return the first. Year that's a good deal 357 00:18:07.240 --> 00:18:10.039 even if it's so it'll be even hopefully more than 358 00:18:10.079 --> 00:18:12.559 that if it's in the government, fund because you'll earn 359 00:18:13.920 --> 00:18:18.480 a drip or a drop of interest from the government on. 360 00:18:18.519 --> 00:18:21.400 It but then, again the next two percent you put, 361 00:18:21.440 --> 00:18:23.920 in you're you're getting a fifty percent. Match so if 362 00:18:23.920 --> 00:18:28.240 you look at their contribution and their, matching if you 363 00:18:28.319 --> 00:18:32.799 put in five, percent you're getting a five percent total 364 00:18:32.839 --> 00:18:35.599 from the government as. Well so why wouldn't you do 365 00:18:35.640 --> 00:18:37.720 that and get one hundred percent return on the money 366 00:18:37.759 --> 00:18:40.039 you're putting, in even if it has to sit in 367 00:18:40.119 --> 00:18:44.440 a government bond fund for years and then as soon 368 00:18:44.480 --> 00:18:46.400 as you can roll it over to something that you 369 00:18:46.440 --> 00:18:49.519 can make some real money At so one way to 370 00:18:49.559 --> 00:18:53.160 get the, match or one way to start planning for, 371 00:18:53.279 --> 00:18:55.319 retirement is to go ahead and do it up to the. 372 00:18:55.359 --> 00:18:59.000 Match but no more because there's nowhere to go with 373 00:18:59.039 --> 00:19:02.480 it that you can. Use every other fund is, filthy 374 00:19:02.599 --> 00:19:06.319 they're they're. Indexes, now there are some there are some 375 00:19:06.839 --> 00:19:10.640 thrift plans that allow a window to mutual, funds but 376 00:19:10.680 --> 00:19:14.400 that's limited, too and the funds that you can use are. 377 00:19:14.440 --> 00:19:17.359 Limited so it's very hard to even come up with a. 378 00:19:17.400 --> 00:19:21.240 Portfolio so here's the here's the simple answer to. This 379 00:19:21.519 --> 00:19:26.599 we Don't we don't give portfolios FOR tsp because there's 380 00:19:26.680 --> 00:19:30.119 nothing to invest. In but THE g, fund your portfolio 381 00:19:30.240 --> 00:19:33.559 is THE g, Fund i'd, Say AND i would only 382 00:19:33.599 --> 00:19:36.240 go in up to the. Match otherwise you're gonna you 383 00:19:36.559 --> 00:19:40.720 you'll be putting money into a slow money. 384 00:19:40.799 --> 00:19:42.799 Fund because it's all government. 385 00:19:42.880 --> 00:19:45.799 Bonds it's, all you, know a combination of notes and 386 00:19:45.880 --> 00:19:50.000 treasury bonds that won't pay you a whole, lot around 387 00:19:50.000 --> 00:19:54.000 three percent on. Average SO i would use the rest 388 00:19:54.000 --> 00:19:56.279 of the money in a different, way such as just 389 00:19:56.319 --> 00:19:59.880 opening up an individual investment account and non qualified and 390 00:20:00.079 --> 00:20:00.519 usting in. 391 00:20:00.559 --> 00:20:03.160 There So, mark would you, say the reason we don't 392 00:20:03.160 --> 00:20:04.279 have one. Anymore is kind of. 393 00:20:04.319 --> 00:20:07.160 Twofold one is FOR bri reasons and the other is 394 00:20:07.240 --> 00:20:10.039 just that it seems like maybe there's better growth potential 395 00:20:10.599 --> 00:20:12.680 doing it in a self directed. Way like you just 396 00:20:12.759 --> 00:20:15.440 mentioned my correct in, that well. 397 00:20:15.279 --> 00:20:18.680 It's A bri. Issue, Yeah i'm not saying the index 398 00:20:18.759 --> 00:20:22.200 funds are terrible in. There WHAT i am saying is they're, 399 00:20:22.240 --> 00:20:25.559 dirty so we can't invest in. Them it's one of those. 400 00:20:25.599 --> 00:20:29.039 Things when you look at my little sheet THAT i 401 00:20:29.119 --> 00:20:32.359