WEBVTT 1 00:00:00.040 --> 00:00:03.879 Oh, the voices of reason, a voice in the dark, heard. 2 00:00:03.720 --> 00:00:06.400 Daily exactly the things that need to be said. 3 00:00:06.599 --> 00:00:09.080 Fifty five KRC the Talk Station. 4 00:00:11.800 --> 00:00:13.599 It's eight oh six here at fifty five kr C 5 00:00:13.880 --> 00:00:19.480 the Talk Station. Very happy Monday to you. Always money 6 00:00:19.519 --> 00:00:22.399 Monday with Brian James, all the financials uh, Brian James 7 00:00:22.480 --> 00:00:24.760 during the program every Monday to talk markets and talk 8 00:00:24.879 --> 00:00:27.640 volatility and talk about four oh one k is. Welcome back, 9 00:00:27.679 --> 00:00:29.280 Brian James. It's always a pleasure to having you on 10 00:00:29.320 --> 00:00:39.240 the program. His microphones off, see if yes it is there? 11 00:00:39.359 --> 00:00:40.920 Yes it was off. There you go. 12 00:00:41.119 --> 00:00:42.280 I sure, yeah, and I was. 13 00:00:42.320 --> 00:00:44.000 I was ready to roll, all ready to get our 14 00:00:44.039 --> 00:00:46.320 Monday kicked off and I'm talking to myself. Apologies for 15 00:00:46.439 --> 00:00:51.560 us some technical inaptitude here. Yes, another Monday, another discussion 16 00:00:51.560 --> 00:00:53.759 of volatility and craziness and audio problems. 17 00:00:53.759 --> 00:00:55.960 Coming off a week of vacation, I feel as though 18 00:00:56.000 --> 00:00:58.640 I'm not firing on all cylinders. I like vacation. It's 19 00:00:58.679 --> 00:01:02.600 like you need a vacation at your vacation, so you know. Anyway, 20 00:01:03.799 --> 00:01:06.439 struggling to scoch myself this morning, but Mike's are on. 21 00:01:06.640 --> 00:01:09.159 It's time to talk money matters. Let's talk about stock 22 00:01:09.159 --> 00:01:13.719 market volatility. I no market genius, am I, Brian. That's 23 00:01:13.760 --> 00:01:16.799 why I have someone managing my you know, my certified 24 00:01:16.840 --> 00:01:20.280 financial planner managing my affairs. I don't want to have 25 00:01:20.319 --> 00:01:22.599 to pay attention to it, but I have some general 26 00:01:22.719 --> 00:01:25.760 understandings and things like that. But I get the impression 27 00:01:26.719 --> 00:01:29.879 that the volatility in the market, and it has been 28 00:01:30.000 --> 00:01:33.040 kind of up and down with all these talks about tariffs. 29 00:01:33.439 --> 00:01:36.159 I just I just get the impression no one really 30 00:01:36.200 --> 00:01:40.120 knows what they're gonna do these tariffs and how we're 31 00:01:40.159 --> 00:01:42.319 gonna be dealing with it, or what is going to 32 00:01:42.400 --> 00:01:45.920 emerge as a consequence of them. Will they stay around? 33 00:01:45.959 --> 00:01:48.200 Will Donald Trump pull the plug on them? Is he 34 00:01:48.239 --> 00:01:51.640 going to negotiate better deals with different countries? Is China 35 00:01:51.640 --> 00:01:53.920 going to hold out? I mean, it's just seems to 36 00:01:53.920 --> 00:01:55.840 me a whole lot of question mark swirling around it, 37 00:01:55.920 --> 00:01:59.480 and that uncertainty of its in and of itself brings 38 00:01:59.519 --> 00:02:01.840 around volatility. I suppose, doesn't it? 39 00:02:02.680 --> 00:02:03.159 Yeah, it does. 40 00:02:03.200 --> 00:02:06.200 And I'm looking at what happened last week. My first 41 00:02:06.200 --> 00:02:08.080 comment was going to be it was relatively quiet week, 42 00:02:08.120 --> 00:02:09.159 but then I realized, no, it wasn't. 43 00:02:09.199 --> 00:02:10.159 Hasn't been quiet week. 44 00:02:10.240 --> 00:02:13.159 All year long, it's been nothing but chaos because we're 45 00:02:13.199 --> 00:02:16.199 simply finding our way. You know, a quiet week simply 46 00:02:16.240 --> 00:02:19.039 means the market bounced up and down violently, but then 47 00:02:19.120 --> 00:02:21.319 kind of ended where it started, so there was no 48 00:02:21.400 --> 00:02:23.759 you know, kind of week over week impacts. But yeah, 49 00:02:23.919 --> 00:02:26.439 we have reached the stage. We know we're in chaos 50 00:02:26.520 --> 00:02:29.120 right now. We know there's a there's change coming, and 51 00:02:29.360 --> 00:02:31.439 we're we're under We're under a lot of it right now. 52 00:02:31.759 --> 00:02:33.080 The market absolutely hates that. 53 00:02:33.439 --> 00:02:35.520 It's not that, you know, we're gonna go over the 54 00:02:35.520 --> 00:02:37.120 cliff and hit the bottom and it's going to be 55 00:02:37.159 --> 00:02:38.560 the end and we're all gonna, you know, live in 56 00:02:38.599 --> 00:02:40.759 caves and buy ammunition and grow corn for the rest 57 00:02:40.759 --> 00:02:42.960 of our lives. It's that's not that's not where we are. 58 00:02:43.280 --> 00:02:45.439 But the market is behaving the way it is because 59 00:02:45.479 --> 00:02:48.240 it simply can't see. We're flailing around in the fog. 60 00:02:48.719 --> 00:02:52.400 The market absolutely hates when it can't predict what's coming. 61 00:02:52.800 --> 00:02:55.080 So therefore, what the market always wants to know. You know, 62 00:02:55.080 --> 00:02:57.319 there are a number of earnings reports, for example, coming 63 00:02:57.400 --> 00:02:59.360 this week from big companies like Verizon, AT and T, 64 00:02:59.520 --> 00:03:01.759 P and G and some of the big names we 65 00:03:01.800 --> 00:03:03.960 are going to be listening. What we're gonna focus on 66 00:03:04.000 --> 00:03:06.719 this week is what are those companies saying in terms 67 00:03:06.719 --> 00:03:08.439 of visibility. Doesn't really matter what they did in the 68 00:03:08.520 --> 00:03:10.879 last quarter. We't care about that anymore. That's that's that's 69 00:03:10.879 --> 00:03:13.400 over and done with. What are they What position are 70 00:03:13.439 --> 00:03:15.599 they going to take over the next several months with 71 00:03:15.639 --> 00:03:18.120 regards to tariffs? So, for example, if Procter and Gamble 72 00:03:18.120 --> 00:03:20.560 manufacture stuff overseas and wants to move it from country 73 00:03:20.560 --> 00:03:23.039 to country, what's the tariff going to be on the 74 00:03:23.159 --> 00:03:26.080 day that that package of stuff arrives in whatever country 75 00:03:26.080 --> 00:03:28.960 it's it's destined for. And we don't know that right 76 00:03:28.960 --> 00:03:31.240 now because that literally changes that you as you just said, 77 00:03:31.280 --> 00:03:34.439 that changes almost day to day anymore. The market absolutely 78 00:03:34.479 --> 00:03:38.080 hates that because it cannot calculate what a successful transaction 79 00:03:38.159 --> 00:03:40.800 should result in terms of profit. Therefore, we have these 80 00:03:40.879 --> 00:03:42.599 violence wings back and forth for this wort. 81 00:03:43.199 --> 00:03:46.960 The planning is, I mean, the markets, if there's if 82 00:03:47.000 --> 00:03:49.759 you can count on something happening, even if like taxes 83 00:03:49.759 --> 00:03:52.120 are going to increase, you know it's going to happen, 84 00:03:52.199 --> 00:03:54.599 it's gonna be x. They can factor that in and 85 00:03:54.719 --> 00:03:58.080 deal with it because there's some certainty into what's coming 86 00:03:58.159 --> 00:04:00.560 in the future. It may not be as good. Financial 87 00:04:00.599 --> 00:04:02.960 projections may not be as good, but at least they 88 00:04:02.960 --> 00:04:06.120 can have some you know, sound ground upon which to 89 00:04:06.199 --> 00:04:09.759 make these predictions and sort of plan their future. And 90 00:04:10.199 --> 00:04:12.000 right now we're kind of like a ship without a rudder, 91 00:04:12.039 --> 00:04:12.879 it seems. 92 00:04:13.319 --> 00:04:14.039 Yeah, pretty much. 93 00:04:14.080 --> 00:04:16.639 And that is there's so much history between when we 94 00:04:16.680 --> 00:04:20.240 can say, okay, we know that P ANDNG, Google, Apple, whatever, 95 00:04:20.519 --> 00:04:23.000 sold x number of units, and they normally have this 96 00:04:23.160 --> 00:04:25.879 kind of a profit profit margin when they do those 97 00:04:25.959 --> 00:04:28.240 kinds of things, So therefore the stocks should move like 98 00:04:28.279 --> 00:04:30.240 this and we can kind of anticipate and that's what 99 00:04:30.279 --> 00:04:33.519 analysts basically get paid to do. But right now that 100 00:04:33.600 --> 00:04:37.160 profit margin is in question because because of all the 101 00:04:37.199 --> 00:04:39.000 tariffs and all those kinds of things, what is the 102 00:04:39.120 --> 00:04:41.680 dream going to be? And so what we're seeing is 103 00:04:42.639 --> 00:04:44.720 it's an interesting divergence. I'm looking at a chart right 104 00:04:44.759 --> 00:04:48.279 now just where everything is so prior to this week, 105 00:04:48.399 --> 00:04:51.519 even the European, Far East and Asian stocks, you know, 106 00:04:51.680 --> 00:04:54.439 which is basically the S and P five hundred of 107 00:04:54.600 --> 00:04:57.360 the rest of the world. Last week they were down 108 00:04:57.399 --> 00:05:00.639 about three four percent for the year, as we're sitting 109 00:05:00.680 --> 00:05:01.839 here right now, Brian Thomas. 110 00:05:01.839 --> 00:05:03.720 They're up about seven percent for the year. 111 00:05:04.079 --> 00:05:06.920 Now, compare that with the Nasdaq, which still sits down 112 00:05:06.959 --> 00:05:09.399 about sixteen percent, the S and P five hundreds down 113 00:05:09.439 --> 00:05:12.079 ten and even the DALLA is down eight percent. So 114 00:05:12.120 --> 00:05:14.879 the point of all that is there is volatility, but 115 00:05:14.879 --> 00:05:17.319 that also means there's upside to it. The companies that 116 00:05:17.360 --> 00:05:20.199 are doing the best are the ones that potentially have 117 00:05:20.279 --> 00:05:23.160 an opportunity here. And we've talked about this before, but 118 00:05:23.199 --> 00:05:25.600 there are probably some funds, hopefully some funds in your 119 00:05:25.639 --> 00:05:28.879 portfolio that you haven't been paying attention to in years. 120 00:05:28.920 --> 00:05:32.240 I'm speaking of the international stocks in the emerging markets, 121 00:05:32.240 --> 00:05:35.199 which is which are more like the Brazil, India, China, 122 00:05:35.199 --> 00:05:36.879 those kinds of things. We haven't talked about those countries 123 00:05:36.879 --> 00:05:39.439 in a long long time, but they're all lining up 124 00:05:39.800 --> 00:05:43.199 looking at this opportunity, watching the United States choose to 125 00:05:43.240 --> 00:05:46.680 fight with its customers, and they're looking for opportunities to 126 00:05:47.079 --> 00:05:49.800 create new markets where for those countries there wasn't one before. 127 00:05:50.040 --> 00:05:52.279 And so that's why the market is sensing that, hey, 128 00:05:52.319 --> 00:05:54.920 these companies that maybe weren't as big as players as 129 00:05:55.560 --> 00:05:58.120 they were in the past may now have a great opportunity. 130 00:05:58.360 --> 00:06:00.480 That's why they're up seven percent. So if you have 131 00:06:00.519 --> 00:06:03.839 a properly diversified portfolio, you really shouldn't be getting killed. 132 00:06:03.920 --> 00:06:05.920 If you're down fifteen to twenty percent, then my guess 133 00:06:05.959 --> 00:06:08.279 has been you've been chasing technology for the last fifteen 134 00:06:08.319 --> 00:06:09.839 years and it's coming around to bite you in the 135 00:06:09.839 --> 00:06:10.240 rear end. 136 00:06:10.600 --> 00:06:13.000 Well, there's I mean, there's opportunity built in a lot 137 00:06:13.079 --> 00:06:16.279 of this, and I mean, depending on where you look. 138 00:06:16.360 --> 00:06:17.920 If you read the Wall Street Journal, we're all going 139 00:06:17.959 --> 00:06:20.120 to die because tariff suck. And that's just the general 140 00:06:20.120 --> 00:06:23.959 impression that they have. But there's been a lot of 141 00:06:24.000 --> 00:06:27.759 sort of bright spots in this that major companies, multi 142 00:06:27.759 --> 00:06:31.839 billion dollar companies are planning on building here and moving 143 00:06:31.959 --> 00:06:35.720 production here. Like for example, there's a terrible situation going 144 00:06:35.759 --> 00:06:37.920 if you haven't read about it, between China and Taiwan, 145 00:06:38.000 --> 00:06:39.680 and it looks like, you know, China's going to invade 146 00:06:39.680 --> 00:06:41.480 any moment, at least it's always seen that way for 147 00:06:41.519 --> 00:06:43.879 the past couple of years. But all the major ship 148 00:06:43.920 --> 00:06:46.279 production is being done in Taiwan. Sounds to me like 149 00:06:46.399 --> 00:06:48.959 going to start bringing chip production here to the United States. 150 00:06:48.959 --> 00:06:52.639 So ultimately we can benefit by this. It's not going 151 00:06:52.720 --> 00:06:54.519 to be immediate. We're gonna have to wait for it 152 00:06:54.519 --> 00:06:57.160 because you just don't create a chip factory overnight. But 153 00:06:57.240 --> 00:07:00.600 if we ultimately, you know, have some domestics apply for 154 00:07:00.680 --> 00:07:02.720 some things that we haven't had for a long time, 155 00:07:02.839 --> 00:07:05.879 isn't that ultimately good for us over the long term. 156 00:07:06.120 --> 00:07:08.639 Yeah, And that is the hope. And some of that 157 00:07:08.759 --> 00:07:09.639 was rolling forward. 158 00:07:09.639 --> 00:07:12.360 There are two chip factories southeast of Columbus that are 159 00:07:12.399 --> 00:07:17.399 that are under construction. Unfortunately that hit there recently, that 160 00:07:17.519 --> 00:07:20.759 hit the news hit not too long ago. That Intel, 161 00:07:20.800 --> 00:07:23.680 who was behind that, is coming on some hard times, 162 00:07:23.720 --> 00:07:27.000 partially because of the technology that they provide. Uh that 163 00:07:27.399 --> 00:07:29.959 another chip company a m D has maybe has some 164 00:07:30.040 --> 00:07:32.360 better ideas in that space. And that news hit at 165 00:07:32.399 --> 00:07:34.600 an unfortunate time a couple of maybe a year year 166 00:07:34.600 --> 00:07:36.560 and a half ago where that started to come to light. 167 00:07:36.920 --> 00:07:40.199 And so those two plants are sometimes in question. I 168 00:07:40.240 --> 00:07:42.839 cannot imagine they're going to walk away from them in mothballum, 169 00:07:43.240 --> 00:07:45.800 but they're not as moving forward with as much gusto 170 00:07:45.879 --> 00:07:47.959 as they originally were. But that all came from the 171 00:07:48.000 --> 00:07:51.160 original idea. It originally started with national security. We can't 172 00:07:51.199 --> 00:07:55.040 keep buying chips from overseas, uh, not knowing exactly what 173 00:07:55.079 --> 00:07:58.920 our what our enemies speaking specifically of China are putting 174 00:07:58.959 --> 00:08:01.360 into those chips fluids that they have, and if they 175 00:08:01.439 --> 00:08:03.839 managed to take over Taiwan, like you were just hinting, well, 176 00:08:03.839 --> 00:08:06.079 that's where most of the chips come from anyway, from 177 00:08:06.120 --> 00:08:08.560 Taiwan's semiconductor although some of the plants are here in 178 00:08:08.600 --> 00:08:10.920 the United States as well. But yes, that is definitely 179 00:08:11.000 --> 00:08:13.800 one of the goals. It's not going to happen overnight. 180 00:08:13.879 --> 00:08:17.480 And when we've got interest rates bouncing around, inflation and 181 00:08:17.519 --> 00:08:19.800 tariffs and all that kind of stuff, companies are going 182 00:08:19.879 --> 00:08:22.959 to be hesitant to make such a massive, massive investment 183 00:08:23.120 --> 00:08:25.040 to bring one of these huge plants online in the 184 00:08:25.120 --> 00:08:27.360 United States. If they were turned the first shovel full 185 00:08:27.399 --> 00:08:30.360 of dirt over today, it would probably be three years 186 00:08:30.360 --> 00:08:33.480 before they could start producing something with any kind of regularity. 187 00:08:33.559 --> 00:08:35.399 So we need some clarity here. 188 00:08:35.759 --> 00:08:38.039 Well, definitely need some clarity, and it doesn't look like 189 00:08:38.080 --> 00:08:42.759 it's going to be coming any times. H We demand 190 00:08:42.879 --> 00:08:46.080 instant answers and instant gratification even in the markets, and 191 00:08:46.399 --> 00:08:48.399 quite awful, we don't get that. We're going to find 192 00:08:48.399 --> 00:08:49.960 out if we should be looking at our four oh 193 00:08:50.000 --> 00:08:53.639 one cas Is this a good buying opportunity notwithstandard of volatility? 194 00:08:53.639 --> 00:08:55.600 And we'll talk about the FED and which direction the 195 00:08:55.679 --> 00:08:58.480 rates are going to go more with Brian James after 196 00:08:58.519 --> 00:09:00.679 a quick word here for Affordable Imaging Services, got my 197 00:09:00.759 --> 00:09:03.720 CT scan a couple weeks ago. Well that's actually diden 198 00:09:03.720 --> 00:09:06.759 more than a couple weeks. But you know, everything went great. 199 00:09:07.039 --> 00:09:09.639 The CT scan and Affordable Imaging Services was great. My 200 00:09:09.720 --> 00:09:12.080 doctor read it and interpreted it, and while my lift 201 00:09:12.080 --> 00:09:14.159 notes did grow a little bit, not so much that 202 00:09:14.200 --> 00:09:17.960 I need to get treatment. So overall the results were good. 203 00:09:17.960 --> 00:09:21.039 But my point is with Affordable Imaging Services, I paid 204 00:09:21.120 --> 00:09:24.480 a mere fraction for that CT scan, which could have 205 00:09:24.519 --> 00:09:27.159 set me back five grand. At a hospital you get 206 00:09:27.159 --> 00:09:30.080 a CT scan without a contrast for four hundred and 207 00:09:30.080 --> 00:09:33.080 fifty bucks at Affordable Imaging Services six hundred with a contrast. 208 00:09:33.440 --> 00:09:36.360 Every image at Affordable Imaging Services comes with at board 209 00:09:36.360 --> 00:09:40.559 certified radiologists report, which again my doctor had no problem with. 210 00:09:41.039 --> 00:09:44.120 Just nice echo cardiogram. Sure, wait around a month maybe 211 00:09:44.159 --> 00:09:47.120 more to get in the hospital echo cardiogram department. How 212 00:09:47.120 --> 00:09:50.039 about not get you right in and affordable imaging services 213 00:09:50.039 --> 00:09:51.799 where without an enhancement, so only going to set you 214 00:09:51.840 --> 00:09:56.039 back five hundred dollars eight hundred bucks. With an enhancement. Again, 215 00:09:56.240 --> 00:09:58.919 they can act quickly and get you right in CT scans. 216 00:09:59.159 --> 00:10:02.799 MRIs alter sounds just save yourself a heapload of money. 217 00:10:02.799 --> 00:10:04.840 Exercise your choice when it comes to your medical care, 218 00:10:04.960 --> 00:10:08.000 you have it five one three seven, five three eight 219 00:10:08.039 --> 00:10:10.600 thousand and five one three seven, five three eight thousand. 220 00:10:10.679 --> 00:10:13.360 To learn more about affordable imaging services check them out 221 00:10:13.360 --> 00:10:16.799 online Affordable Medimaging dot com. 222 00:10:16.840 --> 00:10:18.919 Fifty five KRC four. 223 00:10:20.519 --> 00:10:23.320 Eight nineteen I fifty about KRC DE Talk Station Money 224 00:10:23.320 --> 00:10:25.960 Monday with Brian James, Thanks to all with financial loaning 225 00:10:26.000 --> 00:10:28.840 them out for a few segments here every Monday and 226 00:10:29.159 --> 00:10:32.200 pivoting over. We talked about market volatility. I understand why 227 00:10:32.200 --> 00:10:36.159 it's there, but obviously market volatility impacts our four to 228 00:10:36.159 --> 00:10:38.679 oh one K. And something I never do is check 229 00:10:38.799 --> 00:10:40.840 where my four oh one K is at least you know, 230 00:10:40.879 --> 00:10:43.759 with the exception of my twice annual visits with my 231 00:10:43.799 --> 00:10:47.399 financial planner. I mean, I lived through the COVID nineteen downturn. 232 00:10:47.519 --> 00:10:50.200 I saw at one point how much I lost and 233 00:10:50.240 --> 00:10:52.279 lo and behold, if you wait around long enough, it 234 00:10:52.320 --> 00:10:55.080 all comes back and then you end up having more, 235 00:10:55.159 --> 00:10:58.159 which is exactly what happened with me. So I like 236 00:10:58.200 --> 00:11:00.559 to avoid the headache and the heartburn and everything might 237 00:11:00.559 --> 00:11:03.000 go along with it, because you know, until you sell, 238 00:11:03.600 --> 00:11:07.039 you haven't really made or lost, right Brian, So should 239 00:11:07.080 --> 00:11:09.360 we be looking at our four o one k balances? 240 00:11:10.399 --> 00:11:13.559 Yeah, Well, hopefully you're looking at it and seeing that 241 00:11:13.600 --> 00:11:15.360 it's not as bad as you thought it was going 242 00:11:15.399 --> 00:11:17.039 to be. And the reason I say that is because 243 00:11:17.120 --> 00:11:19.440 hopefully this isn't the first time you've looked at it. 244 00:11:19.720 --> 00:11:21.200 So if you're doing things the. 245 00:11:21.200 --> 00:11:24.320 Right way, and you have looked at what your ultimate 246 00:11:24.360 --> 00:11:27.919 goals are and you understand some market history, then hopefully 247 00:11:28.080 --> 00:11:31.399 that decision resulted in a diversified portfolio that owns just 248 00:11:31.440 --> 00:11:33.440 a little bit of everything. Yeah, every four to oh 249 00:11:33.480 --> 00:11:35.240 and k out there has enough where you can build 250 00:11:35.279 --> 00:11:37.240 a set it and forget it type of a portfolio 251 00:11:37.279 --> 00:11:39.159 and do just what Brian Thomas is doing, which is 252 00:11:39.200 --> 00:11:41.200 look at it a couple times a year. It's not 253 00:11:41.440 --> 00:11:44.279 money that you're gonna need tomorrow. If that is the case, 254 00:11:44.320 --> 00:11:46.879 then you already screwed up before four oh one k 255 00:11:47.000 --> 00:11:48.159 is your only source of wealth. 256 00:11:48.200 --> 00:11:48.679 That's a problem. 257 00:11:48.720 --> 00:11:50.240 That means you have no cash, you got no oil 258 00:11:50.279 --> 00:11:52.000 in the engine, and that kind of thing. This should 259 00:11:52.000 --> 00:11:55.039 be the money that's out there for at least five, ten, 260 00:11:55.200 --> 00:11:57.960 even fifteen years to help you fight off inflation. And 261 00:11:58.000 --> 00:12:00.440 if you look at any chart, any chart of the 262 00:12:00.480 --> 00:12:03.360 stock market over the last thirty years, then you will 263 00:12:03.399 --> 00:12:06.759 notice it goes one direction. That direction is up. However, 264 00:12:06.840 --> 00:12:09.039 we have our little head fakes every now and then. 265 00:12:09.080 --> 00:12:10.879 I remember when I first started in this industry was 266 00:12:10.919 --> 00:12:14.399 nineteen ninety seven, and the Russian ruble collapsed in ninety eight, 267 00:12:14.639 --> 00:12:16.720 and then we had something called long Term Capital's a 268 00:12:16.759 --> 00:12:20.639 hedge fund that collapsed. I remember thinking, in my youthful stupidity, 269 00:12:20.879 --> 00:12:23.639 oh my gosh, this time it's different. I'm special, I'm 270 00:12:23.679 --> 00:12:27.159 scared now, so now this one counts and the end 271 00:12:27.159 --> 00:12:29.120 it doesn't matter. It's just a reshuffling of the deck 272 00:12:29.480 --> 00:12:32.480 and different leaders will take the move to the forefront. 273 00:12:32.519 --> 00:12:35.080 Shortly after that, we had the huge technology boom. All 274 00:12:35.120 --> 00:12:37.639 of it became a catalyst. Whenever there's some kind of 275 00:12:37.679 --> 00:12:40.799 panic in the market, somebody takes advantage of the opportunity 276 00:12:40.799 --> 00:12:43.000 to drive things further. As we hinted out in the 277 00:12:43.039 --> 00:12:45.679 earlier segment, right now it appears to be the international 278 00:12:45.720 --> 00:12:47.639 stocks are going to take the lead for a while. 279 00:12:47.679 --> 00:12:50.360 So far, that's been the case. If you don't own any, 280 00:12:50.480 --> 00:12:53.039 it's not helping you, and you will feel targeted by 281 00:12:53.039 --> 00:12:53.480 the market. 282 00:12:53.639 --> 00:12:54.759 Market doesn't care about you. 283 00:12:55.000 --> 00:12:57.840 It only cares about what it can see forward, and 284 00:12:57.919 --> 00:12:59.120 right now that's not very much. 285 00:12:59.279 --> 00:13:00.240 So make sure that. 286 00:13:00.200 --> 00:13:02.799 Your portfolio is at least spread out across these different 287 00:13:02.840 --> 00:13:05.159 things so that as things have been flow, you'll benefit 288 00:13:05.200 --> 00:13:07.000 from it, but you don't take it on the chin 289 00:13:07.080 --> 00:13:08.759 if something completely falls apart. 290 00:13:09.000 --> 00:13:12.120 Well, and there's you know, conservative investing, and then there's 291 00:13:12.200 --> 00:13:15.600 you know, riskier investing. You know, obviously with risk you're investing. 292 00:13:15.639 --> 00:13:17.759 The idea of getting a bigger return is always there. 293 00:13:18.039 --> 00:13:20.480 You know, every time I meet with financial plan, there's 294 00:13:20.480 --> 00:13:24.159 always that one fund like twenty five percent return. You're like, 295 00:13:24.200 --> 00:13:26.080 damn it, I wish I had put more in there 296 00:13:26.480 --> 00:13:28.600 in that one, because look this one over here only 297 00:13:28.639 --> 00:13:32.200 got me four percent return. How often should we be 298 00:13:32.440 --> 00:13:35.879 adjusting the different funds that we're in or is that 299 00:13:35.960 --> 00:13:38.799 something that we shouldn't be doing? Very often? Does depend 300 00:13:38.840 --> 00:13:41.039 on where we are in our life close to retirement. 301 00:13:41.480 --> 00:13:42.440 What's the story on that? 302 00:13:42.600 --> 00:13:44.519 Right? Yeah, great question. 303 00:13:44.600 --> 00:13:46.559 So how often if I shouldn't be in there every 304 00:13:46.600 --> 00:13:48.279 day goof around with it, well, then should I never 305 00:13:48.320 --> 00:13:48.759 look at it? 306 00:13:48.799 --> 00:13:48.960 Now? 307 00:13:49.000 --> 00:13:51.399 The answer the answer to that is I'd say maybe 308 00:13:51.559 --> 00:13:54.720 maybe once a year to really get under the hood 309 00:13:54.879 --> 00:13:58.559 and make sure that you have what you need. Generally speaking, 310 00:13:58.679 --> 00:14:00.840 once properly diverse byed, a four to h one K 311 00:14:00.919 --> 00:14:02.919 will usually pretty much stay in balance. 312 00:14:03.159 --> 00:14:04.759 By the way, four oh one K four oh three B. 313 00:14:04.840 --> 00:14:07.159 You might have a sep ira whatever, which we're referring 314 00:14:07.159 --> 00:14:10.600 to your employer retirement plan that you were probably putting 315 00:14:10.600 --> 00:14:13.039 money into every week, every two weeks, every month, or 316 00:14:13.039 --> 00:14:17.120 however often you get paid. That inflow, that constant inflow 317 00:14:17.159 --> 00:14:19.720 of cash tends to keep it in balance. If you 318 00:14:19.840 --> 00:14:22.240 balanced it once, you know, a year ago, and you 319 00:14:22.240 --> 00:14:23.879 put a bunch of money in, left it alone, it's 320 00:14:23.960 --> 00:14:26.639 probably still reasonably in bounced. I'm not talking about the 321 00:14:26.840 --> 00:14:28.840 you know, the dollar amount. The dollar amount could actually 322 00:14:28.840 --> 00:14:30.360 be down of course because of where the market is. 323 00:14:30.519 --> 00:14:33.080 But I'm talking about the different sizes of the various 324 00:14:33.120 --> 00:14:36.879 positions you hold in that retirement plan. That constant inflow 325 00:14:36.919 --> 00:14:39.679 from payroll tends to keep the whole thing in balance, 326 00:14:39.720 --> 00:14:43.360 because if something's taking a beating, then it meaning it's 327 00:14:43.399 --> 00:14:45.480 down more than everything else in the portfolio. Well, you've 328 00:14:45.559 --> 00:14:47.559 just bought more shares of it because you have put 329 00:14:47.600 --> 00:14:51.200 the same fixed dollar amount in every pay period as 330 00:14:51.200 --> 00:14:54.039 you've been doing for years. So that tends to again 331 00:14:54.120 --> 00:14:55.679 keep it in bounce. So it shouldn't be too far 332 00:14:55.679 --> 00:14:57.600 out of whack now. On the other hand, if you 333 00:14:57.720 --> 00:14:59.720 notice that it is way out of balance, I would 334 00:14:59.720 --> 00:15:02.360 really be looking under the hood for how did that happen? 335 00:15:02.600 --> 00:15:03.799 And it's not so much about what do I have 336 00:15:03.879 --> 00:15:06.080 to fix right now. It's more about, Okay, let's the 337 00:15:06.120 --> 00:15:08.120 next time we go through a crazy cycle like this, 338 00:15:08.279 --> 00:15:09.799 and granted we're in the middle of this one, but 339 00:15:09.799 --> 00:15:11.399 the next time it comes around, how should I make 340 00:15:11.440 --> 00:15:13.759 some changes now so that I don't hit that roller 341 00:15:13.759 --> 00:15:16.399 coaster later. And it's not about never losing. That's one 342 00:15:16.440 --> 00:15:18.240 of the guarantees that want to give everybody, you know, 343 00:15:18.279 --> 00:15:21.720 as a financial planner with something I guarantee my clients Occasionally, 344 00:15:21.759 --> 00:15:22.399 you're gonna lose money. 345 00:15:22.399 --> 00:15:24.039 We're gonna lose your money. It's the reality of it. 346 00:15:24.120 --> 00:15:25.799 My job is to help you navigate through that and 347 00:15:25.799 --> 00:15:28.279 not avoid it, because there's no such thing. So be 348 00:15:28.399 --> 00:15:31.039 prepared for that. Learn your history, and then understand the 349 00:15:31.120 --> 00:15:32.879 levers you need to pull inside your flour one k 350 00:15:33.000 --> 00:15:34.759 to make sure it doesn't sink your ship. 351 00:15:34.919 --> 00:15:36.919 All right, well, let's pause. We'll bring Brian James back 352 00:15:36.919 --> 00:15:39.200 for one more. We'll talk about FED rates and whether 353 00:15:39.279 --> 00:15:42.200 or not this represents a buying opportunity right now. I 354 00:15:42.200 --> 00:15:44.480 also want to address the subject matter of you know, 355 00:15:45.000 --> 00:15:48.039 having money in bonds was always like the conservative, really 356 00:15:48.120 --> 00:15:50.840 safe place to keep your money, not as high an 357 00:15:50.840 --> 00:15:54.200 interest return as that in stocks. But you know, I'm 358 00:15:54.240 --> 00:15:56.679 wondering where we are relative to the bond market considering 359 00:15:56.679 --> 00:15:59.080 the volatility and all the craziness going on in the world. Pause, 360 00:15:59.120 --> 00:16:01.919 one more segment with Brian James. It's a twenty five 361 00:16:01.919 --> 00:16:04.519 at fifty five krs the talk station. You know, whether 362 00:16:04.519 --> 00:16:08.000 they're buying an a home refinanciing your existing Morgin mortgage. 363 00:16:08.080 --> 00:16:12.159 You have the best possible person when you're working with 364 00:16:12.159 --> 00:16:15.799 Suzette Low's Camp across Country Mortgage. She can and will 365 00:16:15.840 --> 00:16:17.919 help you, and she's quick about getting back. You'll give 366 00:16:17.960 --> 00:16:21.879 your contact information moment, but personal service. You can't get 367 00:16:21.879 --> 00:16:24.679 better service. My daughter experienced this, and I love mentioning 368 00:16:24.720 --> 00:16:26.519 that because she was working with a bank and they 369 00:16:26.559 --> 00:16:29.639 were slow and they weren't responsive, and I said, here, 370 00:16:30.080 --> 00:16:33.279 call this number, and within two days they had financing 371 00:16:33.320 --> 00:16:35.480 for their home. And she loved working with Susette. She sais, 372 00:16:35.480 --> 00:16:37.360 Oh my god, she was so helpful and so nice. 373 00:16:37.360 --> 00:16:39.679 I'm like, exactly right. That's why I'm so pleased to 374 00:16:39.720 --> 00:16:43.000 speak with her, and that's why I'm recommending her to you, 375 00:16:43.200 --> 00:16:47.720 my daughter, my precious daughter. So I'm recommendator to my daughter. 376 00:16:47.799 --> 00:16:50.159 You know, you can safely give sus A Low's Camp 377 00:16:50.159 --> 00:16:52.639 a call and they have a special thing, and I 378 00:16:52.679 --> 00:16:55.559 really appreciate mentioning this that they've got it. Cross country 379 00:16:55.600 --> 00:16:58.960 mortgage Line of Duty death Beneditt but benefit for first 380 00:16:59.000 --> 00:17:02.559 responders one time benefit covers your outstanding mortgage balance up 381 00:17:02.600 --> 00:17:04.599 to five hundred and twenty five thousand dollars should you 382 00:17:04.640 --> 00:17:06.559 follow the line of duty and cause. Suzette can give 383 00:17:06.559 --> 00:17:09.240 you all the details on that and every other program 384 00:17:09.240 --> 00:17:12.720 that's out there for reverse mortgage options, fixed second mortgage, 385 00:17:12.759 --> 00:17:16.400 cash out options, lines of credit, one stop shopping, best 386 00:17:16.400 --> 00:17:19.039 customer service in the business, and every state in the Union, 387 00:17:19.079 --> 00:17:21.480 plus my friends in Puerto Rico. You can contact her 388 00:17:21.519 --> 00:17:24.119 because she's licensed being with Cross Country Mortgage in all 389 00:17:24.119 --> 00:17:27.160 those states five one three three one three fifty one 390 00:17:27.200 --> 00:17:30.039 seventy six five one three three one three fifty one 391 00:17:30.119 --> 00:17:32.319 seventy six. Email or she'll get right back with you 392 00:17:32.359 --> 00:17:34.480 any way you get in touch with her. Suzette dot 393 00:17:34.519 --> 00:17:39.319 Low's Camp los Ekamp Suzette dot Low's Camp at CCM. 394 00:17:38.720 --> 00:17:41.839 Dot com fifty five KRC this. 395 00:17:43.559 --> 00:17:46.240 General one on the time. Got a ready to move 396 00:17:46.240 --> 00:17:48.799 out by noon if you got any maybe partly cloudy 397 00:17:48.839 --> 00:17:50.400 day to day with a highest seventy three down to 398 00:17:50.440 --> 00:17:53.079 forty eight, to night with some clouds. Partly cloudy date 399 00:17:53.119 --> 00:17:55.039 tomorrow with the highest seventy one, a few clouds over 400 00:17:55.160 --> 00:17:57.359 night down to fifty and seventy eight the high on 401 00:17:57.400 --> 00:17:59.799