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: it is Friday, that means it's Focused Friday, and we
Speaker 2: also have overtime today. Give us a call the number
Speaker 2: six ten three sixty three eleven ten. I'm Sethi Dinsky.
Speaker 2: Sam Case is in the control room and we've got
Speaker 2: your host with us, Mark Manila, Mark, good morning brother,
Speaker 2: Ready for the show.
Speaker 3: Good morning, Absolutely Focus Friday and overtime.
Speaker 4: How could it not be a wonderful day?
Speaker 2: Yeah, it doesn't get much better than that. It's gonna
Speaker 2: be awesome, looking forward to it, Folks.
Speaker 1: Join us now.
Speaker 2: If phone lines are wide open, we'll be here for
Speaker 2: the next ninety minutes or so. Six' ten three six
Speaker 2: three eleven. Ten that's a lot of. Blens that's a
Speaker 2: lot of, Minutes plenty of time to get your phone calls.
Speaker 2: In got a lot to talk about, today, Guys Crossways Kids,
Speaker 2: club we'll get to that a little, Bit Big tech, EARNINGS,
Speaker 2: gdp your, questions busy show. Today but before all of, it,
Speaker 2: guys let's mark why don't remind our listeners of our
Speaker 2: verse for this, Week Matthew six's twenty four.
Speaker 1: Mark what is?
Speaker 3: It, Well matthew, six twenty four is a verse that
Speaker 3: helps us to realize the truth that we can only
Speaker 3: serve one, master bottom line on. It and we can't
Speaker 3: Serve mammon And god. Both we can't serve anything In
Speaker 3: god both because we'll hate one and serve the. Other
Speaker 3: or you, know it's very, clear AND i think that
Speaker 3: that's why we need to stay focused on this if
Speaker 3: we are able to keep our. MIND i, mean the
Speaker 3: number one thing that we need to realize is there's
Speaker 3: only One. God everything else is either a tool or
Speaker 3: a distraction to honor That, god and we need to
Speaker 3: utilize it in that, way either put it out of
Speaker 3: our lives totally or use it as a tool to
Speaker 3: Honor god one of the. Other but never make it Our,
Speaker 3: god never make it our. Hope never make it where
Speaker 3: we turn to in time to crisis or even in good.
Speaker 1: Times well said, Brother no one can serve two.
Speaker 2: Masters whill hate one love the other else be loyal
Speaker 2: to want to despise the. Other you cannot Serve, god and,
Speaker 2: Ma'am and that's a great, Reminder, mark we need to
Speaker 2: Serve god.
Speaker 1: First.
Speaker 4: Amen.
Speaker 1: Amen, well, guys let's talk about the big tech.
Speaker 2: Earnings so this, was of course magnificent seven. Week we
Speaker 2: had four of the four of the.
Speaker 1: Seven.
Speaker 2: Mark by the, way we use that term magnificent. Seven
Speaker 2: are they really still the? MAGNIFICENCE i know it's all
Speaker 2: that special. Anymore it seems, like, YEAH i Like mega.
Speaker 2: Better there you Go mega.
Speaker 3: Because of the size. Magnificent they've never been. Magnificent they've
Speaker 3: always been a little bit. Stinky, yeah, yeah and. SCARY
Speaker 3: i MEAN i Remember meta, back you, KNOW i Mean,
Speaker 3: google how everybody Loved google when it started blossoming and getting,
Speaker 3: great and you, know their things was harm no one
Speaker 3: and all this kind of. Stuff and then they found
Speaker 3: then everybody found out they were manipulating all the everything
Speaker 3: on The internet and just doing it all for. Money
Speaker 3: and it's, like, oh, Stinky.
Speaker 1: Yeah remember the motto was don't be.
Speaker 5: Evil and then we found out that they were working
Speaker 5: With china to create this whole sensor. System so everyone was, Like,
Speaker 5: oh the motto actually should be be.
Speaker 4: Evil, yeah.
Speaker 1: Much more, accurate much more.
Speaker 2: Accurate, well, guys we did See apple And amazon both reporting.
Speaker 1: Yesterday, sam you wanna give us the details? There that's.
Speaker 5: Right we got those earnings reports in and it was
Speaker 5: a little bifurcated this, time just like yesterday with some
Speaker 5: of the other big tech. Stocks So apple coming in
Speaker 5: shares a falling seven percent in the pre market as, earnings,
Speaker 5: revenue and iPhone sales all be, expectations but the company
Speaker 5: issued weaker forward guidance for the current, quarter citing supply
Speaker 5: constraints to the ongoing global memory supply. Crunch on the flip,
Speaker 5: Side amazon shares were up twelve percent in pre. Markets
Speaker 5: amazon's cloud computing business jumped thirty seven percent in the second,
Speaker 5: quarter marking the biggest expansion since twenty twenty. One, meanwhile
Speaker 5: the company forecast capital expenditures to hit two hundred and
Speaker 5: twenty billion dollars this, year up from a prior forecast
Speaker 5: of two hundred billion, dollars so an increase of twenty
Speaker 5: billion dollars all.
Speaker 4: Set that's a lot of, money.
Speaker 3: It really.
Speaker 4: Is but you know, what.
Speaker 3: You, know these in general across the board were pretty,
Speaker 3: good strong business results even you, know we say one
Speaker 3: was good and one was. Bad really they were all good.
Speaker 3: Reports for the, reaction yeah, Yeah and the projections are
Speaker 3: where they got hung up because what happens was they
Speaker 3: were projecting less, revenues are less earnings because of the
Speaker 3: spending and that kind of. THING i think the market's
Speaker 3: reaction was mixed because expectation and valuations were extremely. High
Speaker 3: when you get extremely high, valuations the markets start expecting
Speaker 3: more out of, you and that doesn't mean just, today
Speaker 3: it means for the next couple of. Years with these,
Speaker 3: valuations and when the leadership comes out and says it's
Speaker 3: not going to be so great going. Forward we're spending
Speaker 3: a lot of money and it's not producing as. Much
Speaker 3: so half of the reports were that way and the
Speaker 3: other half, words it's looking really. Good we're starting to
Speaker 3: see revenues from all the money we're porn INTO. Ai,
Speaker 3: so you, KNOW i think really what the markets are,
Speaker 3: saying what investors are, saying is show me.
Speaker 4: Where the revenue.
Speaker 3: Is. Now we've ran up your, stock we've bought, it
Speaker 3: we've wrote, it and now we want to see that
Speaker 3: your decision making is as strong as you said it
Speaker 3: was going to. Be so show me the. Money, well
Speaker 3: the money isn't there. Yet it's still a little bit
Speaker 3: early for. That we're just seeing the beginning of the.
Speaker 3: Revenue but still it is a good. INDICATOR i think
Speaker 3: across the board we should see some pullbacks just for
Speaker 3: the valuation, situation but we also should expect to see
Speaker 3: a lot of revenues and hold hold these companies if
Speaker 3: we were going to hold, them but we won't because
Speaker 3: they're not. Clean but the peripheral, companies all those satellites
Speaker 3: in THE ai, business we need we can hold them
Speaker 3: to the fire as well and make sure that the
Speaker 3: management really is investing FOR roi and not just for
Speaker 3: ego and to be part of a.
Speaker 4: Party we have to do. That we have to hold
Speaker 4: them accountable.
Speaker 3: Also AND i think the markets are doing that all the.
Speaker 3: MEMORY i, think, yeah that's all peripheral, everything, memory, chips,
Speaker 3: electronics anything to do with THE ai, built including.
Speaker 4: Roofing you, know, materials.
Speaker 3: Everything so we need to hold them accountable because they
Speaker 3: all ran On hey look at we're part of THIS ai. Infrastructure,
Speaker 3: okay showed me the. Money now it's time to start.
Speaker 3: Producing it's time for revenues to start coming.
Speaker 2: In speaking of, Production, mark we did get On thursday
Speaker 2: gross domestic, production THE gdp, NUMBER sam give us.
Speaker 1: That what were we looking at?
Speaker 3: There we sure did.
Speaker 5: So The bureau Of Economic analysis released an advance estimate
Speaker 5: of second QUARTER. Gdp so does that even really mean
Speaker 5: anything if it's just an advanced? Estimate but still we'll
Speaker 5: talk about, it showing THE us economy grew at an
Speaker 5: annual rate of one point five percent From april Through,
Speaker 5: june so the second.
Speaker 1: Quarter in the.
Speaker 5: First quarter of twenty twenty, six for, comparison the economy
Speaker 5: grew about two point one. Percent, combined the economy grew
Speaker 5: about one point eight percent during the first half of
Speaker 5: twenty twenty. Six, NOW cnbc reports that in twenty twenty,
Speaker 5: five the economy overall grew about a two point one
Speaker 5: percent for the. Year, now, mark from my naive, PERSPECTIVE
Speaker 5: i thought that they were, saying, okay so we're basically
Speaker 5: on track to meet that number this year as. Well
Speaker 5: but you're saying they're trying to play some shenanigans with this.
Speaker 5: Number tell me about. That are you putting words in my?
Speaker 5: Mouth that's the last TIME i talked to you about
Speaker 5: this before the. Show, Actually, sam you're absolutely.
Speaker 3: RIGHT i really there's a couple of things that kind
Speaker 3: of bother, me irritate.
Speaker 4: ME i don't know what's the right. Word just make
Speaker 4: me want.
Speaker 1: To beat me by one. Second.
Speaker 3: YEAH i do not consider advanced estimates especially, trustworthy you,
Speaker 3: Know so why are we even playing with?
Speaker 4: That we don't.
Speaker 3: Know we, know even when we get the solid, number
Speaker 3: when the quarter's in and they and they give us a,
Speaker 3: number they revise at thirty and sixty days. Later so
Speaker 3: even once we have the real data coming, in it's
Speaker 3: revised estimate is going to.
Speaker 1: Be it's done In.
Speaker 3: DECEMBER i get the true number in the, end well
Speaker 3: for the, Year, yeah but, no you don't get that
Speaker 3: Until february Or march when they revise it. Twice you. Know,
Speaker 3: yeah it's going to go on. Forever SO i don't
Speaker 3: put a lot of weight into, this first of. All and,
Speaker 3: secondly it's exactly like you, said they're comparing, things but
Speaker 3: somehow they managed to manipulate it enough to sound, like,
Speaker 3: oh we're not growing as fast as we were last
Speaker 3: year now by putting those numbers. Together but they're comparing
Speaker 3: a half year against the full. Year even even if
Speaker 3: you wanted to do, that it doesn't make. SENSE i
Speaker 3: did a comparison of last year's first quarter with this
Speaker 3: year's first.
Speaker 4: Quarter guess, what we're.
Speaker 3: Up we're up point two percent over last year's first,
Speaker 3: quarter our first half of the. Year so when you
Speaker 3: compare apples with, apples or six months with six, months
Speaker 3: we're doing better than we. Were so effectively the trend is,
Speaker 3: up not, down and effectively things are doing.
Speaker 4: Better. Now did we have.
Speaker 3: A worse quarter than the prior, Quarter, yeah that, happens
Speaker 3: just like you know, what you have a worse day
Speaker 3: than the prior day in the. Market nobody comes out and, says,
Speaker 3: hey the markets did not rise as fast as they did.
Speaker 3: Yesterday therefore we're going into a great depression in the.
Speaker 3: Markets but they'll do that with economic data to to
Speaker 3: try and seed this content and make people anxious and
Speaker 3: make them feel, like, oh something's.
Speaker 4: Wrong but they do it in such a.
Speaker 3: Way that it's not, obvious and it only in the
Speaker 3: back of your mind you, say, oh the numbers are smaller.
Speaker 3: Now the other day he, SAID i don't care about
Speaker 3: single data.
Speaker 4: POINTS i just don't.
Speaker 3: Care six ten three six three eleven ten six three
Speaker 3: six three. SIX i don't know you guys know the, number.
Speaker 2: Folks it is great to be here with you this,
Speaker 2: morning the number six ten three six three eleven ten
Speaker 2: six ten three six three eleven Ten Focus.
Speaker 1: Friday happy to have you.
Speaker 2: All you, Know, mark speaking of being, HAPPY i am
Speaker 2: delighted to tell our listeners you know what, now it's
Speaker 2: just so.
Speaker 1: Delightful. Mark you got to be the one to break the.
Speaker 4: News oh, no, no. No this has been a group.
Speaker 3: Thing and the group includes all our, partners all our,
Speaker 3: listeners all our all our. Watchers it's the financial issues
Speaker 3: family came together and did what Suff.
Speaker 1: Yeah we. Did we did an amazing, thing.
Speaker 2: Folks so our goal For Crossroads Kids club the last
Speaker 2: two weeks was to raise twenty five thousand. Dollars as
Speaker 2: of yesterday, afternoon we have raised forty five thousand dollars.
Speaker 1: And, change where's the?
Speaker 3: Applause it's, amazing it's amazing, stuff so.
Speaker 1: Cool we're still expecting, mail.
Speaker 2: Folks so what this means is, that you, know our
Speaker 2: goal was sponsoring one hundred and twenty five. Kids with
Speaker 2: this match that This crossroads donor, has we're actually going
Speaker 2: to be reaching one hundred and seventy six kids as
Speaker 2: of yesterday afternoon's probably going to be. More we got
Speaker 2: a chance to sponsor two hundred. Kids, Mark this is just.
Speaker 2: AMAZING i, mean Praise god and well done to The
Speaker 2: financial issues. Audience as, Expected, mark we had a huge
Speaker 2: financial issues audience behavior in the eleven. Hour, yeah blow
Speaker 2: it out of the.
Speaker 1: Water, awesome just, amazing just, amazingly so so.
Speaker 3: COOL i am very proud of our. Listeners i'm also
Speaker 3: my heart is warmed that the importance of the gospel
Speaker 3: is in all the hearts of those people who are
Speaker 3: part of Our Financial issues, family and they all. Participate
Speaker 3: all those who, participated thank you so. Much the gospel
Speaker 3: is getting. Out there are new children this year that
Speaker 3: are going to learn about the love Of, christ learn about,
Speaker 3: grace learn about, eternity and learn about how to live
Speaker 3: here as a steward because of your your, charity uh
Speaker 3: with by stewarting those Things god has entrusted. You thank
Speaker 3: you so.
Speaker 2: Much, absolutely And, mark of, course keep in Mind crossroads
Speaker 2: trying to launch thirty new clubs nationwide for this coming school.
Speaker 1: Year this is going to help a.
Speaker 2: Lot it was gonna help a whole lot Absol Praise, god,
Speaker 2: folks we'll probably in, fact maybe you guys could do
Speaker 2: this next. Week maybe maybe get a final number On,
Speaker 2: monday because we'll probably have more of those final numbers
Speaker 2: in if you haven't got a chance to, donate. Folks
Speaker 2: by the, way the the campaign is still on through
Speaker 2: the end of the through the end of, Today so
Speaker 2: if you want to make a, donation reach our schools
Speaker 2: dot com be a great thing to.
Speaker 6: Do.
Speaker 2: Well mark the markets, yesterday speaking of, happiness the markets
Speaker 2: were also, happy but for a much less important.
Speaker 1: Reason they were soaring.
Speaker 2: Yesterday The Dow jones and THE s AND p both
Speaker 2: up well over a, percent same with The russell two.
Speaker 2: Thousand the tech Heavy nasdaq. Finished AM i reading this?
Speaker 3: Right?
Speaker 1: Sam two and three quarter percentage? Points, yeah you're reading it.
Speaker 1: Right that's, incredible reading it, right.
Speaker 2: Incredible so and Sand, disc my golly Sand, disc one
Speaker 2: of the one of those tech. HOLDINGS i saw it
Speaker 2: was up near twenty five percent. Yesterday so, yeah that,
Speaker 2: happens doesn't. It it's the roller coaster we set, it.
Speaker 2: Folks at the beginning of the, summer no one listened to, Us,
Speaker 2: mark but yet here we are the roller. Coaster we've
Speaker 2: seen it up down on.
Speaker 3: Well hopefully all our partners listen to us, well just
Speaker 3: like we talked about diversifying all for the first half
Speaker 3: of this, year we kept saying valuations are. High we
Speaker 3: need to keep diversification clear and, concise not let any
Speaker 3: one stock or anyone sector get so big that when
Speaker 3: it does pull, back it hurts your portfolio. Lot hopefully
Speaker 3: all our partners listen to us with that. Too you
Speaker 3: know who knows where it. Goes BUT i do know
Speaker 3: that we have an administration in there who are pulling
Speaker 3: the right, levers doing the right, things and a lot
Speaker 3: of them are being done behind the scenes that we can't.
Speaker 3: See but they're setting foundations for doing some things like
Speaker 3: draining more of the. Swamp the MORE i dig into,
Speaker 3: it the More i'm seeing where they're uncovering fraud and
Speaker 3: waste and they're actually pulled on it back and or
Speaker 3: stopping the money from going out like they did with
Speaker 3: The Social security payments to the, dead like they Did
Speaker 3: california for the For medicare, reimbursements and other states that
Speaker 3: will not give them the information they need to make
Speaker 3: sure the money's going in the right. PLACES i think
Speaker 3: this administration is doing all its can and a little bit.
Speaker 3: More that's why there's all these. Lawsuits everything they try to,
Speaker 3: do it doesn't matter if it's, right wrong or. Indifference
Speaker 3: they're being sued for. It and this is just. Evil
Speaker 3: it's it's a, ACTUALLY i believe it's A islamic socialistic.
Speaker 5: Takeover lunchinesss there you, go you.
Speaker 2: GO i never thought that unholy union whatever, Happened Green Red.
Speaker 2: Alliance those two worldviews seem so. Separate but one thing
Speaker 2: they're united. Under i've said they are united under their
Speaker 2: hatred Of. Christianity that's one thing that they can agree.
Speaker 3: On you, know when you when you look at, well
Speaker 3: let's not get that day we've been on. Pop we
Speaker 3: have something to. Celebrate the gospel is going out again
Speaker 3: and that's a good.
Speaker 2: Thing it's, awesome, man it's. Awesome six ten three six
Speaker 2: three eleven. Ten, folks why don't you join the conversation?
Speaker 2: There we would love to have you.
Speaker 1: Here. Mark here's a good question From. Kelly.
Speaker 2: So kelly's a partner and she was, SAYING i recently
Speaker 2: renewed my. PARTNERSHIP i haven't been able to find THE
Speaker 2: tsp allocation. Models models that were once, there do you
Speaker 2: guys have plans on adding those?
Speaker 1: Again at some?
Speaker 2: Point, mark MAYBE i can give a little bit of
Speaker 2: context to. This so back in the old days OF,
Speaker 2: fism we used to have a third category of asset allocation.
Speaker 2: Models it was A, tsp a thrift savings plan because you,
Speaker 2: know we had many people who were government employees and the.
Speaker 2: Military but obviously we did get rid of. Those that
Speaker 2: was several years. Ago So, Mark i'll let you speak to,
Speaker 2: this you, know as the one in you know, charge
Speaker 2: what what do you think do we have plans on
Speaker 2: adding these again or will that not?
Speaker 3: Happen, well it's it's an excellent question because it brings
Speaker 3: up some some. Points two POINTS i want to really
Speaker 3: discuss is, one it did we before my? Time they
Speaker 3: stopped doing that for a, reason and that's because there
Speaker 3: wasn't anything.
Speaker 4: There to invest in that was, clean biblically.
Speaker 3: Responsible so that's really important and a lot of people
Speaker 3: don't understand, that but it is really. Important how can
Speaker 3: we give guidance on how to invest if there's nothing
Speaker 3: to invest. In that would be the first part of,
Speaker 3: it so we have to be very careful about. That
Speaker 3: but the second part of it is really. Important there
Speaker 3: is a there is a government. Bond you, know the
Speaker 3: g fund is? There, okay you could just go into,
Speaker 3: that and why would we even suggest. That, well here's
Speaker 3: the bottom. Line they. Are you get one percent if
Speaker 3: you're in a thrift. Plan the government provides one percent.
Speaker 4: Even if you don't.
Speaker 3: Contribute then they match the first three percent that you put,
Speaker 3: in so that's one hundred percent. Match so, effectively on
Speaker 3: that three percent that you put, in you're making one
Speaker 3: hundred percent return the first. Year that's a good deal
Speaker 3: even if it's so it'll be even hopefully more than
Speaker 3: that if it's in the government, fund because you'll earn
Speaker 3: a drip or a drop of interest from the government on.
Speaker 3: It but then, again the next two percent you put,
Speaker 3: in you're you're getting a fifty percent. Match so if
Speaker 3: you look at their contribution and their, matching if you
Speaker 3: put in five, percent you're getting a five percent total
Speaker 3: from the government as. Well so why wouldn't you do
Speaker 3: that and get one hundred percent return on the money
Speaker 3: you're putting, in even if it has to sit in
Speaker 3: a government bond fund for years and then as soon
Speaker 3: as you can roll it over to something that you
Speaker 3: can make some real money At so one way to
Speaker 3: get the, match or one way to start planning for,
Speaker 3: retirement is to go ahead and do it up to the.
Speaker 3: Match but no more because there's nowhere to go with
Speaker 3: it that you can. Use every other fund is, filthy
Speaker 3: they're they're. Indexes, now there are some there are some
Speaker 3: thrift plans that allow a window to mutual, funds but
Speaker 3: that's limited, too and the funds that you can use are.
Speaker 3: Limited so it's very hard to even come up with a.
Speaker 3: Portfolio so here's the here's the simple answer to. This
Speaker 3: we Don't we don't give portfolios FOR tsp because there's
Speaker 3: nothing to invest. In but THE g, fund your portfolio
Speaker 3: is THE g, Fund i'd, Say AND i would only
Speaker 3: go in up to the. Match otherwise you're gonna you
Speaker 3: you'll be putting money into a slow money.
Speaker 4: Fund because it's all government.
Speaker 3: Bonds it's, all you, know a combination of notes and
Speaker 3: treasury bonds that won't pay you a whole, lot around
Speaker 3: three percent on. Average SO i would use the rest
Speaker 3: of the money in a different, way such as just
Speaker 3: opening up an individual investment account and non qualified and
Speaker 3: usting in.
Speaker 1: There So, mark would you, say the reason we don't
Speaker 1: have one. Anymore is kind of.
Speaker 2: Twofold one is FOR bri reasons and the other is
Speaker 2: just that it seems like maybe there's better growth potential
Speaker 2: doing it in a self directed. Way like you just
Speaker 2: mentioned my correct in, that well.
Speaker 3: It's A bri. Issue, Yeah i'm not saying the index
Speaker 3: funds are terrible in. There WHAT i am saying is they're,
Speaker 3: dirty so we can't invest in. Them it's one of those.
Speaker 3: Things when you look at my little sheet THAT i
Speaker 3: put together for a quick, analysis it's very. Clear the
Speaker 3: first gate you got to pass is is THIS bri
Speaker 3: compliant is in alignment With god's, concepts, tenants, ideas guidelines
Speaker 3: for being a steward utilizing his, resources which is everything
Speaker 3: that he's entrusted to you for his purposes to his.
Speaker 4: Glory if it.
Speaker 3: Doesn't then it's off the, table bottom, Line there's no
Speaker 3: going forward with. It there's no need to look at.
Speaker 3: It and it doesn't matter if it's, outperforming if their INDEX oup,
Speaker 3: reforms THE s AND p five hundred inducks are, not
Speaker 3: it just doesn't matter because we're not going to Invest
Speaker 3: god's money in a way that Offends. God that's what
Speaker 3: being an Investment steward is all. About so that's that's
Speaker 3: where it's really. At the only reason that we can
Speaker 3: invest in it is because it seems like we're willing to, Say,
Speaker 3: okay well we can use the government bonds because, effectively you,
Speaker 3: know lending money to the government isn't directly putting money into,
Speaker 3: abortion even though they're the biggest abortion funder in the.
Speaker 2: World But, mark CAN i introduce our listeners to our
Speaker 2: dear friend the Bond, connection which is a chapter in your,
Speaker 2: Book The Wall Street.
Speaker 1: Awakening talks a lot about, that doesn't.
Speaker 4: It it.
Speaker 3: Does it absolutely, does because the same thing's true about
Speaker 3: lending money as. Ownership in, ownership you're participating in the.
Speaker 3: Sin when you lend, money you're financing. It what there's
Speaker 3: not a lot of difference. There god doesn't want us
Speaker 3: to be financing the. Enemy that would be. FOOLISH i,
Speaker 3: mean if you were financing a war that was trying
Speaker 3: to destroy your, home kind of like those liberals who
Speaker 3: are backing and Financing islam and communism that is destroying
Speaker 3: the country that allows them to have the free speech
Speaker 3: and pursue their sexual immorality or whatever they're.
Speaker 5: Doing it's, foolishness or the fact that we still do
Speaker 5: extensive trade With china despite the fact they unleashed a
Speaker 5: global pandemic.
Speaker 1: Exactly.
Speaker 3: Exactly, oh, well can we Just, goh it's.
Speaker 4: Fine so that's that's why we do not.
Speaker 3: Utilize that's why we don't put a portfolio together because
Speaker 3: it'd be one big circle and it's a g fund
Speaker 3: on it and it wouldn't change and it won't. Change
Speaker 3: this is Where i'd really like to go with. It
Speaker 3: with The trump, accounts we put a petition. Together now
Speaker 3: we need to lump IN tsp accounts and other accounts
Speaker 3: like the new individual retirement, accounts the adult retirement accounts
Speaker 3: That trump's putting together where it's where the government's going
Speaker 3: to put some matching into. It none of these have
Speaker 3: the ability for the faithful to invest in. Them we
Speaker 3: need to get this to The White. House, everybody, right
Speaker 3: The White house help the faithful to be able to
Speaker 3: participate In trump's great ideas by allowing us to have
Speaker 3: a biblically responsible. Option very, easy very. Simple, hey if
Speaker 3: you haven't called in, yet please. Do the number here
Speaker 3: is six' ten three six three eleven to two Ken
Speaker 3: ken we see you're on. The line we're going to
Speaker 3: get to you along with. Anybody else and remember this is,
Speaker 3: Also overtime so go wake, the neighbors let. Them know.
Speaker 1: Wonderful to, have.
Speaker 2: You folks hopefully you've already woken, the Neighbors as mark
Speaker 2: said in the, last segment and told them to join
Speaker 2: us for the rest of the show and then for overtime.
Speaker 2: As well six' ten three six three eleven tens and
Speaker 2: number to call in and the place to go for
Speaker 2: Overtime is financial issu's dot. Org slash watch hopefully all
Speaker 2: of you, are already there, but If not financially she's dot.
Speaker 2: Org slash watch at the end, of, the hour guys
Speaker 2: the markets are continuing their upward. Trajectory from yesterday The
Speaker 2: tech heavy nasdak is loving life up over, a Full
Speaker 2: percent dal jones and THE s and p up.
Speaker 1: Nicely. As Well mark unfortunately oil.
Speaker 2: Seems to be. Up as well but can't, win them
Speaker 2: all right unless you're. Invested, in oil.
Speaker 1: Hey that's true, how good, point good point Very thank you.
Speaker 1: Mark for, THAT.
Speaker 3: You KNOW i wish i wish all the people listening
Speaker 3: on radio OR listen watching tv could be on our
Speaker 3: site and be part of the chat because there is
Speaker 3: some funny stuff going on, in chat today.
Speaker 4: Some great comments brian has got.
Speaker 3: Me in stitches it's hard to pay attention to me
Speaker 3: being on the show right now because some of. The,
Speaker 3: funny stuff yeah you're missing out if you're not on
Speaker 3: Our Side the Financial.
Speaker 4: Issues dot org you participate.
Speaker 3: With, everybody anyway yeah let's back.
Speaker 4: To, the show yeah.
Speaker 2: Let's, Do it mark why, Don't? We Go ken mark
Speaker 2: kim's calling from The. STATE of arkansas i believe.
Speaker 3: Let's, Do, That hey Ken Welcome. To financial issues glad you. Joined,
Speaker 3: us today Hey, Brothers IN chritis.
Speaker 6: Hey i, Called, you know god things. Are just everywhere
Speaker 6: you sent, Me this Book Awakening, on WALL street and.
Speaker 6: I just happened i Think. IT was wednesday i was
Speaker 6: around page seventy three reading about bonds, and pretty, cool
Speaker 6: Pretty timely because i've spent the last sixty days or
Speaker 6: so settling off a lot of a lot of really
Speaker 6: highly valued Tech stocks that. I've loved FOREVER and as
Speaker 6: i was going around, and you know talk to my
Speaker 6: brother about what really qualifies is, as fixed income, because
Speaker 6: you know it's you could have preferreds and bonds and,
Speaker 6: other things, that you know depend upon what they're Doing, Can, BE.
Speaker 2: Hey ken i think we, Lost, you there brother want
Speaker 2: to try, one more time tell us tell us what
Speaker 2: you were saying about. The bonds again we might have
Speaker 2: to Go back. To, Ken Here, guys hey ken why
Speaker 2: don't you hang on. JUST a moment i think our
Speaker 2: phone connection is uh just a little bit, Dicey right
Speaker 2: now so we're gonna put.
Speaker 1: You on hold we're gonna try to get. You, back on,
Speaker 1: brother All? RIGHT what mark i was? Really interested IN
Speaker 1: what can i?
Speaker 4: To?
Speaker 3: Say there, yeah me too because one of the things
Speaker 3: that popped into my mind is IS our? New, P
Speaker 3: six Yeah that's what. I'm Talking, about.
Speaker 1: Tell o tell our listeners what IS the? New p
Speaker 1: SIX the new P SIX IS B I P.
Speaker 3: I b b because everybody's got questioned by why are
Speaker 3: we why are we calling it a Fixed income When
Speaker 3: fidelity or schwab has it listed as a preferred and
Speaker 3: blah blah. Blah blah, blah you know it's funny because
Speaker 3: it is a very. Hybrid, uh security uh, but in
Speaker 3: reality it is a. Fixed income product it. Is not ownership.
Speaker 3: It IS debt so i decided as since a definition,
Speaker 3: says it's debt which means it's. Not a stock therefore
Speaker 3: it can't be a preferred because a preferred is. A
Speaker 3: preferred stock it's a type of ownership which is a
Speaker 3: hybrid of. The common stock.
Speaker 4: But this is a.
Speaker 3: Hybrid of debt so the, reason it's uh the reason
Speaker 3: IT'S our new p six is because when there was
Speaker 3: all sorts OF questions, about p six it just NonStop
Speaker 3: came and now there's all sorts of questions about biby
Speaker 3: are bepy or beepe if you want to be, Real
Speaker 3: about it but it's more fun to, say bet BY
Speaker 3: and so. I don't, Know you KNOW here's where i
Speaker 3: think people should really focus is to.
Speaker 4: Think about this it really.
Speaker 3: Does have some of the risks or some of the strength,
Speaker 3: of a bond and it is over ownership when it
Speaker 3: comes to the capital stack of something like.
Speaker 4: A bankruptcy or, something.
Speaker 3: Like that but it, is not ownership so it doesn't
Speaker 3: have the same. Risk as ownership but because this trade is,
Speaker 3: like a stock it has some.
Speaker 4: Of the risks so.
Speaker 3: It's a mess the bottom line is that's the way
Speaker 3: the stock, market industry is or are these things called
Speaker 3: hybrids which. PEOPLE put together i think they do it purposely,
Speaker 3: to CONFUSE everybody but. I don't know but this one
Speaker 3: at least pays real well. And it's perpetual even though
Speaker 3: it's subordinated below the other bonds that might, be issued.
Speaker 3: There it does it has a mix of the different.
Speaker 3: Types of risk it doesn't carry the, same ownership risk
Speaker 3: it has more OF the the, uh lending risks and
Speaker 3: so you have to you have to. Just. JUGGLE lists
Speaker 3: now i know on the platforms they're calling it a
Speaker 3: preferred and they do that because the platforms can't cover
Speaker 3: every different type of hybrid and have special, coverage on
Speaker 3: that they have to, put it somewhere and because it
Speaker 3: has some of, the preferred characteristics they. Put it there,
Speaker 3: but by, definition it's debt and debt. Is not ownership,
Speaker 3: debt is income and that's that's why we're putting it.
Speaker 3: As fixed income now you can put it. Anywhere you
Speaker 3: want you can put it in, as fixed income you
Speaker 3: can put it, in as preferred any way you want.
Speaker 3: TO do it I just hope i'm not ruining the
Speaker 3: fund WE'RE HAVING WITH B, e p i and by
Speaker 3: by explaining it over are hopefully clearly right right now
Speaker 3: TO you because i don't.
Speaker 4: MIND the questions i think it's.
Speaker 3: A good thing i think it's great learning moments to
Speaker 3: realize Not Everything on wall street.
Speaker 4: Is very, clear in fact most things aren't. Clear at
Speaker 4: all that's why.
Speaker 3: You need analysts that's why you need to spend a
Speaker 3: lot of time finding out where all the real data
Speaker 3: numbers are. And applying them and how do you tell
Speaker 3: potential is real? Or not real or what does it all?
Speaker 3: Look at like and what kind of data points can
Speaker 3: you use to substantially. Nothing's really clear that's why you
Speaker 3: have to spend a lot of, time and analysis and
Speaker 3: that's why we do it for you so you don't.
Speaker 4: Have, to anyway well so MUCH. For b epi, that's
Speaker 4: good market which wasn't the.
Speaker 3: Question, TO begin.
Speaker 2: YES i mean i love when we have situations, like
Speaker 2: this because, like you said it gives. Partners the chance
Speaker 2: we're going to list it, a certain way but if,
Speaker 2: you're a partner maybe maybe by listing it a different
Speaker 2: way you might be able to help your allocation. A
Speaker 2: little bit i see that As. A, win mark.
Speaker 3: Yeah, and it's no it's not that big of a
Speaker 3: deal because, being a hybrid it's not it won't really
Speaker 3: fit in as a preferred but it doesn't really fit
Speaker 3: in as, A bond either so put it. Where, you,
Speaker 3: want yeah whatever whatever, makes you smile whatever helps you. Sleep,
Speaker 3: at night yeah let's let's go ahead and check back,
Speaker 3: on and kids see if we got a, Better, line
Speaker 3: here ken are you?
Speaker 4: Still with us, I'm, Still.
Speaker 1: No, sorry ken yeah we're. Still.
Speaker 2: Hearing you ken i'll, tell, you what brother why don't you.
Speaker 2: Try calling back we're, gonna we'll we'll we'll disconnect and then.
Speaker 4: You.
Speaker 2: Can reconnect brother we want to make sure we can. Hear,
Speaker 2: Your question well i'm sure it's. A good one so
Speaker 2: why don't you just give us? A ring back or
Speaker 2: why Don't you let dar talk to him?
Speaker 3: For?
Speaker 4: A minute, Perfect, perfectly okay.
Speaker 2: Mark here's The follow up, In our Chat jack from
Speaker 2: georgia IS ASKING B. E p i it's just as
Speaker 2: too many. Unknowns for me will IT issue a k?
Speaker 2: ONE or not i don't want? Any k ones and
Speaker 2: then will it chunk of the dividend be taken as foreign?
Speaker 2: Taxes as well any clarity You can, Offer jack there
Speaker 2: mark is foreign?
Speaker 3: Tax? Is? HUH interesting no k one is my? Understanding?
Speaker 3: On it again this, is a hybrid and REMEMBER that
Speaker 3: the irs can change how they see this type. Of
Speaker 3: product anytime but at this, Point in time i'm not
Speaker 3: seeing any k one on it or even foreign taxes,
Speaker 3: At THIS point so i think we're gonna have to
Speaker 3: leave it there right now and see. Where it goes,
Speaker 3: But you know jackie bring up something very, very intelligent
Speaker 3: HERE and that's i generally don't get INTO things that.
Speaker 3: I don't understand i didn't have a real hard time
Speaker 3: understanding this, Because you know i'm used to the vagarities
Speaker 3: of different hybrid things from thirty five forty years of,
Speaker 3: being you Know Working.
Speaker 4: With wall street it's just a, Mess in general so
Speaker 4: you get used to these.
Speaker 3: Kind of things but if you, DON'T understand it i
Speaker 3: think that should be one if there's a RULE of
Speaker 3: thumb i could wrap, my mind around it would be
Speaker 3: if you, don't understand it you probably should stay. Away
Speaker 3: from it if you're uncomfortable, not understanding it especially stay.
Speaker 4: Away from it.
Speaker 3: So you KNOW it's b epi is on. Our buy
Speaker 3: list we're looking at it. As an income you don't buy,
Speaker 3: it for growth you buy it. For the income, at
Speaker 3: this point we're talking about around seven percent give or
Speaker 3: take a half a percent, anyet given day so or
Speaker 3: more with the tax benefits for, hire income people which
Speaker 3: is a, whole Nother story and i'm not going to,
Speaker 3: go into that but.
Speaker 4: That's, the thing is.
Speaker 3: If you, don't understand it if you can't sleep at
Speaker 3: night knowing you're making seven percent and not worrying about
Speaker 3: what's happening with the, price of it or if they're
Speaker 3: really ever gonna call it or never, gonna call it
Speaker 3: realize that we're not investing for, growth in it but
Speaker 3: we're investing, for the revenue. The income revenue then, if
Speaker 3: you're uncomfortable stay.
Speaker 4: Away from it.
Speaker 2: Great, rule of thumb, MARK you know. I love, that
Speaker 2: i mean that's just as common sense. Investing to, me
Speaker 2: you know if you're uncomfortable with someone you, Don't, understand
Speaker 2: something listen there's no harm in staying away. From an
Speaker 2: investment there are other investments.
Speaker 3: Out there exactly that's why we don't put together a
Speaker 3: single portfolio like a lot of newsletters do or advisory
Speaker 3: services do and puts everybody In the same we. Don't
Speaker 3: do that what we do, is we say here's your
Speaker 3: asset allocation that we believe would be good for this
Speaker 3: type of person, person or personality investment personality and or.
Speaker 3: Goal and objectives and here are different securities you could.
Speaker 3: Fulfill that with.
Speaker 4: How you do that is.
Speaker 3: Up to you you might lean a little more conservative
Speaker 3: or a little more aggressive with the things you, peak
Speaker 3: you pick but we give you the opportunity to customize
Speaker 3: it to the uniqueness of Your life that god, created
Speaker 3: in you so you could walk those Great works that he.
Speaker 4: Laid before the foundation. So the earth that's.
Speaker 3: A wonderful thing and we hope that, you'll do that
Speaker 3: and of course we'll give you guidance when. You want
Speaker 3: it as you have to do. Is call in that's
Speaker 3: what we're. All about again the number here six' ten three.
Speaker 3: Six three eleven ten we love Hearing. FROM me and
Speaker 3: ken i do hope you call back because you had.
Speaker 3: A very interesting question i would really love us to
Speaker 3: be able.
Speaker 4: To get to that we'll see. In just a moment.
Speaker 7: The opinions and recommendations expressed on this program do not
Speaker 7: necessarily represent the opinions of the station or any. Of,
Speaker 7: the program sponsors additionally all products or services offered by
Speaker 7: the program sponsors may not be Known by the program
Speaker 7: what a.
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Speaker 2: With, you today folks hey our show today brought you
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Speaker 1: Issues. Daughter slash watch guys i'm gonna miss.
Speaker 2: You guys next week, i'm GOING on vacation so i
Speaker 2: just wanted TO make sure that i got that. IN
Speaker 2: there as well i know you guys will keep, the
Speaker 2: Show running well but i'm.
Speaker 1: Gonna miss you.
Speaker 2: Guys NEXT is unacceptable only, I can, Go On that's
Speaker 2: right only Sam's allowed to. And mark, Heaven forbid never,
Speaker 2: Right I'm, JOKING obviously so.
Speaker 3: Gene i just take the camera with me and OUR
Speaker 3: broadcast from where I, would think with mark he enjoys
Speaker 3: the show so much that every.
Speaker 4: Day is.
Speaker 3: A vacation, it, is it is, Absolutely that's exactly right
Speaker 3: bean on the show.
Speaker 4: Is such, a blessing that's.
Speaker 1: Awesome.
Speaker 3: It, REALLY is actually yeah i know we're.
Speaker 2: We're speaking tongue in chee, about the vacation thing but that, Is,
Speaker 2: A genuine blessing mark it's always it's. IT'S an interesting
Speaker 2: thing i always feel A bittersweet feeling when i go
Speaker 2: on VACATION leave it because i. JUST love this place
Speaker 2: i love getting to, Work with You guys so obviously i'm.
Speaker 2: Looking forward, to it but anyway, Back To the Questions
Speaker 2: mark gane from Louisiana's. Asking question for mark with SLOWER growth,
Speaker 2: in the, us economy sticky inflation what would be the
Speaker 2: best investment type slash?
Speaker 1: Mix for, Our, portfolios.
Speaker 4: I'm confused seth what slower growth? And? WHAT sticky, inflation.
Speaker 1: Apoth i mean YOU must be.
Speaker 3: WATCHING msnbc or something i don't. Know what's going on look.
Speaker 3: At the real numbers. This economy is. Strong it's THE
Speaker 3: resilient we're seeing, ddp growth every quarter not negative like
Speaker 3: we saw so many times. In the prior administration, as
Speaker 3: far as inflation we're still around what average it has
Speaker 3: been for. The last ten, YEARS and and yeah i
Speaker 3: know That the prior administration's federal chair really wanted to say,
Speaker 3: that it's sticky inflation but the reality. Is it's coming
Speaker 3: down we're not only, seeing inflation coming down but. We're
Speaker 3: seeing some deflation i'm gonna say. This one more time
Speaker 3: look at these numbers that has. Been going on here
Speaker 3: let me let, me share THIS first looking at gdp
Speaker 3: growth for every month since, the, beginning of well listen
Speaker 3: how many? How many quarters here real? Growth year over
Speaker 3: year there's only one month that has been Negative for
Speaker 3: the art i'm sorry, Now it's two there it's only
Speaker 3: been two months.
Speaker 4: That it's been negative how is.
Speaker 3: That a negative economy we have a strong, economy or
Speaker 3: resilient economy and as such we invest not because of what.
Speaker 3: The economy is doing but because the economy and the market. Aren't,
Speaker 3: the same thing yes they the economy, can affect the
Speaker 3: market and the market, can affect.
Speaker 4: The economy but they're.
Speaker 3: Not the same thing i've seen market skyrocket, during Terrible
Speaker 3: economic times and i've seen an economy grow strong and
Speaker 3: the stock market.
Speaker 4: Not do so well so they're. Not the same thing we.
Speaker 3: Got to separate those, realize that are influences but they're.
Speaker 4: Not, the same thing well.
Speaker 3: So where would you? Be, in your portfolio well where
Speaker 3: we were last year and in so many years except
Speaker 3: for those times where we see absolute evidence of a
Speaker 3: downturn in the market that looks like we may be
Speaker 3: entering a bear mark, or a serious bullback and then
Speaker 3: as we're doing is preparing to get. Back in The
Speaker 3: market so what i'm saying is we go we, stay
Speaker 3: with financial steal. We stay with understanding once we do
Speaker 3: the bri we go into looking at the. Strength of
Speaker 3: the business do they have? The financial issues, steal is
Speaker 3: there balance? Heating income statement strong do they have assets
Speaker 3: over that are well above their debt? And and, their
Speaker 3: liabilities you know are they do they have? That financial
Speaker 3: issue stell then do they have. The, potential as well
Speaker 3: uh that's the valuation are we looking at It's, valued
Speaker 3: at this, uh that's you know way too high for what.
Speaker 3: It's earning right now but if we look at the
Speaker 3: orders that are already in the shoot and the projections,
Speaker 3: where the other orders does? This valuation make sense, and
Speaker 3: if it does that's. Something to invest in so we
Speaker 3: don't abandon the foundations how we invest Because of, the
Speaker 3: ect to me blinks or moves one direction or another
Speaker 3: in a month or a year are our quarter. Because
Speaker 3: those aren't trends what the media is trying to do
Speaker 3: is to, still unsatisfaction in everybody to make everybody question
Speaker 3: this administration because they are shining the, light on the
Speaker 3: swamp the revealing that ugliness that is in, this world
Speaker 3: right now trying. To destroy our nation but our economy is,
Speaker 3: solid at this point, even with the war even with
Speaker 3: one hundreds of thousands of left wing lawyers filing useless
Speaker 3: cases to slow down the progress that. This administration is
Speaker 3: making it's just. Amazing to think about can you imagine
Speaker 3: where this economy would be if, we could stop that
Speaker 3: if we had people who loved this nation enough not
Speaker 3: to not to file worthless suits just to clog up
Speaker 3: the systems and to stop them. Stop FROM progress happening
Speaker 3: so i guess my, ANSWER to you is i don't
Speaker 3: see it the. WAY you see it i see numbers that,
Speaker 3: are encouraging to me and we should continue to, invest
Speaker 3: like a steward, not like a gambler not.
Speaker 4: Like a day trader.
Speaker 3: But we invest, for the long term, looking for financial,
Speaker 3: issues steal and potential and we invest until we're proven
Speaker 3: wrong where the steel breaks down or. The potential breaks.
Speaker 1: Down mark here's A good Question.
Speaker 2: From justin, in texas he's saying if a, bear market
Speaker 2: does come would it be better to?
Speaker 1: Be in, income stocks interesting.
Speaker 3: Question absolutely interesting question in, two thousand and eight, what we,
Speaker 3: saw was you, know, you talk about well it'd be
Speaker 3: better to be in income stocks because they don't have
Speaker 3: the same volatility that ownership, does instead, of stocks you
Speaker 3: know it'd be better to be in prefergs.
Speaker 4: And, stuff like that yeah.
Speaker 3: It's kind of true they don't. Move as. Much much
Speaker 3: preferreds don't but the last two major pullbacks or crashes
Speaker 3: or bear markets that happened the initial the initial pullback
Speaker 3: on those are crashes that happen in those everything went down.
Speaker 3: Something's not, as much but yeah like, like preferreds, or
Speaker 3: bonds you're, Right or, fixed income so yeah you could
Speaker 3: be you could be in. A. MORE defensive posture uh
Speaker 3: i am. Not predicting a crash i'm not. Predicting A
Speaker 3: major pullback as i'm saying is that, with valuation so
Speaker 3: high we, have, to be awake aware conscious of what's going.
Speaker 6: On in the.
Speaker 3: Market, for two reasons one so, we don't get caught
Speaker 3: uh with being over over invested in certain stocks that
Speaker 3: are overvalued and and bloated and taken up the.
Speaker 4: Majority of our portfolio.
Speaker 3: That's why, we diversify and second so that we have
Speaker 3: the cash ready to buy into these great stocks that
Speaker 3: do have financial deal but are pulled back with the
Speaker 3: tide going out. Of A major pullback BUT i would
Speaker 3: not i would not moved in fear to a defensive
Speaker 3: position if you're if, you're not feeling like really we should.
Speaker 3: Be in that position remember a lot of people said
Speaker 3: this was going to be a terrible year, for the
Speaker 3: stock market don't know if, you guys remember that and
Speaker 3: we saw a mile two mild, pullbacks because of that
Speaker 3: and well actually because people were taking profits and hopefully.
Speaker 3: Doing what, WE said so no i don't think. IT'S
Speaker 3: a big deal, i think that yeah if you, could
Speaker 3: tie the market you knew when the markets were going
Speaker 3: to pull down. Ten twenty five percent being in bonds
Speaker 3: are being in prefers. Would make more sense being in
Speaker 3: the money market would. Make EVEN more sense but i
Speaker 3: don't believe you. CAN time that market i believe what
Speaker 3: happens is you get out fairly quickly after it's already
Speaker 3: started and. You've LOST a lot and i don't know
Speaker 3: anybody who consistently is able to te in.
Speaker 4: The market THAT precisely uh do i.
Speaker 3: Believe in paying attention. To, All the indicators absolutely and
Speaker 3: if you can't sleep a night because of, where the
Speaker 3: markets are then maybe you should be leaning more to.
Speaker 3: A more Defensive portfolio maybe that's god telling you something
Speaker 3: for your life. And for your situation you need to
Speaker 3: be in. A more defensive portfolio but don't do, it
Speaker 3: out of fear do, it out of logic do, it out.
Speaker 3: Of wisdom godly wisdom, and with that Said Let's.
Speaker 2: Go to laverne mark why. Don't we do this we're
Speaker 2: coming to the end of, the main show here So.
Speaker 2: Not to squeeze laverne why don't, We, Hold you over
Speaker 2: laverne we'll get your. First, thing in overtime brother.
Speaker 4: That's a great.
Speaker 1: Aunt logic. Of overtime that's right we're. Not ending going
Speaker 1: away we're not we.
Speaker 4: Are not going away.
Speaker 3: Remember this is overtime and remember what. Overtime is all
Speaker 3: about it's. About answering your questions and we have a
Speaker 3: couple more spaces in the Phone queue along with laverne
Speaker 3: that you could call and get in so that we
Speaker 3: can just answer. Your question of life we prioritize, them
Speaker 3: first the calls, second to the emails and.
Speaker 4: Then third, the chat now chat don't.
Speaker 3: Get upset with me we just have to do it
Speaker 3: that way because the people who emailed have been listening
Speaker 3: all week to see if we. Get to their. Email
Speaker 3: so that's fair hopefully you all agree. WITH me on
Speaker 3: that i know there's.
Speaker 5: Going to be. A, WITTY responsibly agreegrudgingly yeah i know
Speaker 5: there's going to be a funny chat on that in.
Speaker 4: Just a second here but that's.
Speaker 3: The way it, IS and you know i really want everybody.
Speaker 3: TO take a moment i know where we got to
Speaker 3: go away, for a, moment here but uh one of
Speaker 3: the themes of the show seems to be. Don't buy
Speaker 3: the news. Look up the numbers the data points say
Speaker 3: something different than the way the. News is framing them
Speaker 3: they're framing them, to, keep you uncomfortable uneasy so that
Speaker 3: you look for an. Alternative to the truth and it's
Speaker 3: always been that way and it's always going. To be,
Speaker 3: that way, be awake, be conscious be real and Continue
Speaker 3: to love the lord by. Investing with biblical integrity we're
Speaker 3: going to go away for about, thirty seconds to minute and.
Speaker 3: We'll be right back god bless you all for Being.
Speaker 4: With us this friday look forward to. Seeing you in
Speaker 4: overtime
Speaker 3: If we ever forget that We're, one nation under god
Speaker 3: then we will be