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. To
Speaker 2: open the week today, folks, what if the end times
Speaker 2: are right around the corner? Ooh boy? How do we
Speaker 2: prepare well both financially and more importantly spiritually? Sethidinsky Sam
Speaker 2: case over in the control room. We've got your host,
Speaker 2: Mark Manila. Mark a doozy of a topic this morning.
Speaker 2: I'm looking forward to it.
Speaker 3: What a way to start a Monday. Good morning everyone.
Speaker 2: If no one else is awake, I hope they are.
Speaker 2: Now we're about to have some fun.
Speaker 4: Well, mondays do feel like the apocalypse for some people,
Speaker 4: so it might be appropriate.
Speaker 2: It's very appropriate, that's right. Hey, the phone number six ten,
Speaker 2: three eleven ten. Again, the number is six ten three
Speaker 2: six three eleven ten. We want to hear from you, folks.
Speaker 2: You got questions. But guys, before we get to that
Speaker 2: fun topic, why don't we open our show in the
Speaker 2: scriptures here, Sam, you want to give us our verse
Speaker 2: of the week from First Peter four ten.
Speaker 4: I sure can, as each has received a gift used
Speaker 4: to serve one another as good stewards of God's varied grace.
Speaker 2: First Peter four ten. Awesome love that verse, Mark, What
Speaker 2: do you think, Well.
Speaker 3: I think it's he's not directly talking about investing, but
Speaker 3: I think the bottom line of the principle of it
Speaker 3: all is it applies totally to everything in our life,
Speaker 3: including investing, and that's whatever we do do is on
Speaker 3: to the Lord, but also do in a way that
Speaker 3: serves one another, just not ourselves. We don't invest just
Speaker 3: for ourselves, because it's not our money to begin with,
Speaker 3: it's God's. So we invest to help God's purposes, to
Speaker 3: provide for God's purposes. That purpose might be to provide
Speaker 3: for your family as well as others that the Lord
Speaker 3: puts in your walk, but it also might be to
Speaker 3: get the good news out there for those people who
Speaker 3: haven't heard it yet, or for those who maybe are
Speaker 3: seeking and haven't really understood what it really means to
Speaker 3: accept Jesus Christ as your savior. So there's a lot
Speaker 3: of reasons to invest, and I would think that one
Speaker 3: of the reasons that we want to invest is to
Speaker 3: invest in a way that honors God. That way, we're
Speaker 3: not causing people to stumble on their walk towards God
Speaker 3: or with Him.
Speaker 2: Well said brother, you know, I'm encouraged by this verse
Speaker 2: because God is the provider of the gift. You know,
Speaker 2: each has received a gift, so we didn't conjure up
Speaker 2: the gift God.
Speaker 4: Well, then it wouldn't be called the gifts.
Speaker 2: Yeah, that's exactly right, That's exactly right. And I was
Speaker 2: just reminded of, you know the fact that some of us,
Speaker 2: I think, have a tendency to begrudge the gift that
Speaker 2: we gave. And I think it's far better for us.
Speaker 2: And I say that because I know I've done that
Speaker 2: before too, that my giftedness. Sometimes I thought, why didn't
Speaker 2: God bless me in this way? You know, I see
Speaker 2: this person over here, I want to be like them,
Speaker 2: rather than saying, no, hold on, God blessed you for
Speaker 2: a purpose. God is the one who gave the gift.
Speaker 2: God obviously has a purpose for that, So use it well.
Speaker 2: Be a good steward of it, Be a good steward
Speaker 2: of it. You never know what God can do with us,
Speaker 2: with a with a redeemed sinner who's faithful, a.
Speaker 3: Lot, a lot of good.
Speaker 2: Absolutely, all right, guys, let's do it financially preparing for
Speaker 2: the worst. Mark This is going to be fun. Let's
Speaker 2: do this. So Kenny asked us a good question. Here's
Speaker 2: Kenny's question. He says this, I believe we're living in
Speaker 2: the last days. I also believe that we are late
Speaker 2: in the hour of the Last Days. I have about
Speaker 2: a million dollars invested with a local investment broker. My question,
Speaker 2: I wonder if my money is safe invested in the
Speaker 2: stock market long term, as I believe the US will
Speaker 2: be a non player in the end times events based
Speaker 2: on the Bible. Therefore, there must be a collapse in
Speaker 2: the economy of the US, among other things, for the
Speaker 2: US to not be mentioned in the Last Days. If
Speaker 2: the market crashed, a cash position doesn't seem safe. So
Speaker 2: what options do I have? Should I even worry about it?
Speaker 2: Should I put a good sum of money into gold?
Speaker 2: What do you guys think? I do believe in a
Speaker 2: pre millennial viewpoint, if that matters or not. Also, I
Speaker 2: just wanted a trusted source about these things. Thank you.
Speaker 2: For your direction. There's a lot to that question there, Mark,
Speaker 2: I'll head it off to you.
Speaker 3: Good luck. Thanks, Yeah, there is a lot here. I'd
Speaker 3: like to first start with the question about should I
Speaker 3: worry about it? It almost feels wrong to say this,
Speaker 3: but no, of course you shouldn't worry about it. God
Speaker 3: tells us not to worry. What can we change? We
Speaker 3: just do what God has enabled us to do. And
Speaker 3: when do we do that? All the time? We just
Speaker 3: do the best we can with what He has provided
Speaker 3: to us all the time. And if we do that,
Speaker 3: whatever the outcome is, it's his. He's the one who
Speaker 3: determines the outcome of all that. So no, we shouldn't worry.
Speaker 3: We shouldn't ring in our hands worrying about the end times.
Speaker 3: What we should be doing? Though, if you really believe
Speaker 3: it's the end time, If you believe we're in the
Speaker 3: late hours of the end time, why is there a
Speaker 3: million dollars sitting in that account? Why isn't it being
Speaker 3: put to productivity to be utilized by God for his kingdom?
Speaker 3: That would be my question. I don't know if that
Speaker 3: makes sense to you, But how many people do you
Speaker 3: know that don't know the Gospel how many organizations could
Speaker 3: use that money to get the good news out, so
Speaker 3: a lot of So just like you who believe in
Speaker 3: Jesus Christ as their Lord and savior, will have eternity
Speaker 3: with the One True God if time's almost up. Because
Speaker 3: once that happens, once we're either called home or Christ returns,
Speaker 3: we no longer we'll have to worry about how much
Speaker 3: money's in the bank. All our provisions will be made
Speaker 3: for us by God, actually just like they are now,
Speaker 3: but we'll fully recognize it. Then we won't have to
Speaker 3: worry about those things. We'll be sitting there honoring and
Speaker 3: glorifying God. And He has a position for us in
Speaker 3: his kingdom. So what we have right now should be
Speaker 3: used for right now, not for after Christ's returns. I
Speaker 3: don't think he needs our money. The streets of heaven
Speaker 3: on earth will be paved with gold. He doesn't need
Speaker 3: our gold. Let's utilize it now. So, Kinney, if you
Speaker 3: really believe what you're saying, start praying and asking God, Lord,
Speaker 3: how do you want me to use this money right now?
Speaker 3: Do you want me to continually grow it and then
Speaker 3: give a little bit at a time, or do you
Speaker 3: want me to start dispersing it right now and helping
Speaker 3: those people are using utilizing it to get the gospel out,
Speaker 3: or how do you want us to use it? So
Speaker 3: I wouldn't. I wouldn't prepare for the end times like
Speaker 3: people did at y two k I don't know if
Speaker 3: you remember that, but it sounds like you might be
Speaker 3: old enough to remember that. But a lot of people
Speaker 3: were storing up golden guns. That was the phrase, golden guns.
Speaker 3: You need golden guns because the dollar is going to
Speaker 3: collapse because computers can't calculate a four digit year, and
Speaker 3: everything's gonna go down. Bang, it's gonna go down. You're
Speaker 3: gonna have to protect yourself with the guns, and you
Speaker 3: need the gold to buy food. Well, my thoughts back
Speaker 3: then were the same as they are with this kinney.
Speaker 3: That's not what God calls us to. God calls us
Speaker 3: to care for one another. God caused us to help
Speaker 3: one another. So instead of guns in gold, how about
Speaker 3: food and blankets so you can help give people who've
Speaker 3: lost their houses or who are out in the streets
Speaker 3: a place to stay warm and food to nourish their bodies,
Speaker 3: and then you can give them the gospel. Prepare for
Speaker 3: Karen for others. That is the way I would look
Speaker 3: at it.
Speaker 2: Mark, I think you're exactly right. I think regardless, and
Speaker 2: I appreciate that Kenny, you know, shows his hand and
Speaker 2: says that he has a premennial viewpoint, regardless of your
Speaker 2: view on the millennium. I think we have to steward
Speaker 2: our nation and steward our resources.
Speaker 3: Right where we are, right away, right here, you know.
Speaker 2: Yeah, I mean rather than assuming, oh, it's going to
Speaker 2: come today, you know what, it could come today. The
Speaker 2: Lord could take you home today.
Speaker 4: That could be you could also get hit by right, Yeah,
Speaker 4: it's kind of the same for you exactly.
Speaker 3: But I mean, you Sam, you can have a rack
Speaker 3: of equipment, audio, video equipment, follow.
Speaker 4: Well, I think I'm far enough away. I mean, get
Speaker 4: it could blow up maybe and.
Speaker 3: That might be for me.
Speaker 2: Yeah, but no, it really is true. Mark, I think
Speaker 2: you're totally right. Mark. What what about Kenny's question of
Speaker 2: putting a sum of money in gold? I know, something
Speaker 2: we've talked about before, But where does the rationale that
Speaker 2: my gold is going to protect me in the apocalypse
Speaker 2: come from? It just doesn't seem to.
Speaker 3: Spare precious metal. Uh yeah, A lot of times if
Speaker 3: people find out you got a lot of gold, and
Speaker 3: currencies have just been deteriorated to nothing. They'll kill you
Speaker 3: for the gold.
Speaker 2: So yeah, okay.
Speaker 3: The first time you go to the market and you're
Speaker 3: and you're breaking up a little piece of gold to
Speaker 3: pay for some some food, somebody's gonna follow you home, right,
Speaker 3: But you know that. That's the idea is that gold
Speaker 3: has always been a way of storing wealth and to
Speaker 3: transact wealth, you know, back to Rome, back to Jesus's day,
Speaker 3: beyond that. So that's all that is. However, you know,
Speaker 3: I have no problems with people investing in gold. Just
Speaker 3: remember it is not a safe place to invest, as
Speaker 3: everybody says. It may keep up with inflation on the
Speaker 3: wrong long term, but it's not safe. It has pullbacks
Speaker 3: of thirty fifty percent at times, so you need to
Speaker 3: be ready for that too. Just the idea is, let's
Speaker 3: live for what God calls us to live, do the
Speaker 3: best we can with what he has. Is there anything
Speaker 3: wrong with having a little gold in there to offset
Speaker 3: inflation and taxes? No, there's nothing wrong with that. What
Speaker 3: I put all my money in there, absolutely not. Try
Speaker 3: try and convert your gold to food someday and see
Speaker 3: what happens now. There is glint, which Kevin Freeman told
Speaker 3: us about, so, but you don't hold that gold that
Speaker 3: so if the Internet goes down, you won't be able
Speaker 3: to use your Glint card to transact like a master
Speaker 3: card of gold. So anyway, I think that the gold
Speaker 3: is overrated, but there's nothing wrong with it to be
Speaker 3: using as part of your portfolio. Again, God called you
Speaker 3: to be a steward right now. Now's the time to
Speaker 3: be utilizing that money for what you believe God wants
Speaker 3: you to do with it, not preparing for something that
Speaker 3: may or may not happen in your lifetime. We can't
Speaker 3: predict the future. Use it now, impact lives now. Six
Speaker 3: ten three six three eleven ten. Looking forward to your
Speaker 3: calls today.
Speaker 2: Six ten three six three eleven ten. You know, Mark
Speaker 2: to wrap up the conversation with Kenny's question, you know
Speaker 2: his first question he asked about and Kenny, it's a
Speaker 2: great question. I'm so glad that she asked it. Should
Speaker 2: I even worry about the end times and my money
Speaker 2: and all that stuff? And Mark, he gave such a
Speaker 2: brilliant answer. And I would just add, Kenny, the only
Speaker 2: reason that you have to worry about the end cooming
Speaker 2: is if you're not right with God. I mean, that's
Speaker 2: that's the ultimate reason. And then I would say, yeah, yeah,
Speaker 2: you get a lot to worry about, and you should
Speaker 2: get right with God immediately by confessing the name of
Speaker 2: Jesus Christ, by believing on him for salvation, and then
Speaker 2: you have nothing to worry about.
Speaker 1: You know.
Speaker 2: And Mark, that's not to say that we shouldn't plan.
Speaker 2: I believe that we should. But I think it's far
Speaker 2: better for us to plan as if the Lord is
Speaker 2: not going to come back for quite some time. But spiritually,
Speaker 2: now that's financially to plan for that way, spiritually for
Speaker 2: us to be ready for him to come back any day.
Speaker 3: Because he could exactly exactly be ready for his return,
Speaker 3: be prepared for that, but live like it may not
Speaker 3: happen in your lifetime. Live in the sense of moving forward.
Speaker 3: I also like the idea of living like it may
Speaker 3: happen in the next couple of days. If Jesus was
Speaker 3: coming back tomorrow, if the end time started tomorrow, however
Speaker 3: you want to say it, If tomorrow was it, who
Speaker 3: would you want to make sure was in heaven with you?
Speaker 3: That isn't right now? Have you taken the time to
Speaker 3: make that phone call, to go grab a lunch with them,
Speaker 3: to share Jesus Christ, or have you just been putting
Speaker 3: it off and hoping they'll come around. You know, God
Speaker 3: has given us the ability to communicate the gospel. He's
Speaker 3: given you the resources to reach out to utilize them
Speaker 3: to His glory. Remember, when people see other people using
Speaker 3: God's resources for his purposes to his glory, they wonder
Speaker 3: why somebody will do that, and they'll start asking questions.
Speaker 3: So utilize it, make it happen.
Speaker 4: Servant found working when the Master returns, Amen and Amen.
Speaker 2: Six ten three six three eleven ten Love that, guys. Hey,
Speaker 2: today's show brought to you by our friends at Timothy Plan.
Speaker 2: If you need some assistance in making these plans and
Speaker 2: planning well being a good steward of what God has
Speaker 2: given to you, Timothy Plan has the resources for you there, folks.
Speaker 2: Check them out timothyplan dot com. We're delighted to be
Speaker 2: able to partner with them, the pioneers of biblically responsible
Speaker 2: investing markets. On Friday, guys continued their calm trajectory. They
Speaker 2: were slightly negative, but still it was a good winning
Speaker 2: week for the markets. The Russell two thousand was the
Speaker 2: lone winner. All three other major indices down slightly. Pre
Speaker 2: markets this morning have kind of inverted. The Dow Joneses
Speaker 2: down a little bit. The SMP and the Nasdaq both green,
Speaker 2: and so that's what we're looking like there, Mark, I'm
Speaker 2: seeing oil up slightly as well as we wait for
Speaker 2: the markets to open for the first thing this morning,
Speaker 2: first call that is.
Speaker 3: But speaking of gold, it's up this morning.
Speaker 2: There you go, So good stuff.
Speaker 3: Yeah, a little bit.
Speaker 2: Yeah, so get into golden now.
Speaker 3: I'm just kidding.
Speaker 2: But like you said, Mark, a little bit. I bought
Speaker 2: a little bit of gold this past week just to
Speaker 2: bring that up a little bit. So, Mark, you published
Speaker 2: a new op ed. I'm really excited about this one.
Speaker 2: It's titled America has a Man Problem. Can you just
Speaker 2: give us a quick glimpse of that one? It means
Speaker 2: Mark's a feminist.
Speaker 3: Well, the man problem is if you look at the
Speaker 3: number of working age men who are participating in the workforce,
Speaker 3: it's not a matter of they can't find work. It's
Speaker 3: a matter of they decided not to. It's larger today
Speaker 3: than it was twenty years ago. More people, more grown,
Speaker 3: mature men, workage men are electing out of the workforce,
Speaker 3: and I think there's a lot of reasons for that,
Speaker 3: and you might be surprised with some of those readings.
Speaker 3: So you could go out to the Daily Caller and
Speaker 3: look it up, and I think it'll be posted on
Speaker 3: our site as well. But go out to the Daily
Speaker 3: Caller so they know you're interested. The more their interests
Speaker 3: and the more they'll publish my op eds and your seth.
Speaker 2: Yeah, absolutely, Mark, leave a comment, share it too. Yeah, definitely,
Speaker 2: definitely do that. So excited to read that one. Mark
Speaker 2: and Sam. By the way, did you guys know today's
Speaker 2: National Nonprofit Day? Do you know that?
Speaker 4: You know?
Speaker 3: I did know that. It is kind of neat in
Speaker 3: some sense. But here's a little guidance. You know, when
Speaker 3: we when we put something on a buy or a hold,
Speaker 3: we usually give a little bit of guidance with that.
Speaker 3: You know, for example, if we put something on a
Speaker 3: buy and it's a little bit aggressive or highly volatile,
Speaker 3: we'll tell people maybe it's worth stepping into a third
Speaker 3: at a time over the next few months or things
Speaker 3: like that. Well, there should be some guidance on giving too.
Speaker 3: When you give National National Nonprofit Day nonprofits are are
Speaker 3: are companies that cannot distribute their profits to the owners
Speaker 3: because there's really no owners. It's more of a board
Speaker 3: of trustees that run it. So the idea is that
Speaker 3: they're doing hopefully doing good with that money. But there's
Speaker 3: a lot of nonprofits that do not believe in Jesus Christ.
Speaker 3: There's a lot of nonprofits that are promoting actually anti God,
Speaker 3: anti family, anti America, anti everything, because they're anti type
Speaker 3: people and that started them. So we want to be
Speaker 3: careful because the majority there's just almost endless money going
Speaker 3: into nonprofits these days, secular nonprofits. But there's a limited
Speaker 3: amount of Christians who give, and even the Christians who
Speaker 3: give substantially, they give substantially less than they did years ago.
Speaker 3: So if you're going to give, if you're going to
Speaker 3: celebrate National Nonprofit Day, find an organization that's Christian based. First,
Speaker 3: support your church, your pastors, those who are who are
Speaker 3: teaching and who are taking care of the flock. Then
Speaker 3: look for other organizations that are doing great things that
Speaker 3: are Christian based. Because this is God's money to be
Speaker 3: utilized for God's purposes to his glory. So on Nonprofit Day,
Speaker 3: honor God.
Speaker 2: Amen, Brother, yeah, and if you're looking for good organizations
Speaker 2: folks as well, obviously, like Mark said, your local church
Speaker 2: that's at the top. Of course, we're a nonprofit Preborn
Speaker 2: Crossroads Kids Club, all different places for you to consider
Speaker 2: how God might use you to bless the church and
Speaker 2: bring the gospel into the world. Mark, it's a good
Speaker 2: reminder that there are a lot of nonprofits out there
Speaker 2: that are evil, and I think it's okay to say
Speaker 2: that there are a lot of I mean, I think
Speaker 2: Planned Parenthood qualifies as a nonprofit. It's a wretched evil organization.
Speaker 2: So it's one of those things where people are capitalizing
Speaker 2: on people's generosity to fund wickedness.
Speaker 3: It almost don't want to cry when you think about
Speaker 3: all the money going into organizations like Playing Parenthood or
Speaker 3: a lot of those other organizations we saw that got
Speaker 3: uncovered by this administration that was taking the money and
Speaker 3: not even doing the nonprofit work that they said they
Speaker 3: were going to do with it, which we would have
Speaker 3: been against to begin with, but just stealing the money.
Speaker 3: So be very careful. That's why I say, as Christians,
Speaker 3: let's support the Christian family first, Let's support the church first,
Speaker 3: Let's support the ministry, first, before we ever even consider
Speaker 3: of giving to an organization that maybe even maybe doing
Speaker 3: some good. But you know, like I remember the March
Speaker 3: of Dimes. It was a big issue for me. Almost
Speaker 3: every payroll service seemed to give people the opportunity to
Speaker 3: give to March of Dimes. And then when you saw
Speaker 3: the organizations this money was going into, it made you wretch.
Speaker 3: It was just terrible.
Speaker 2: Be careful, Hey man six' ten three six three eleven
Speaker 2: ten mark question here From, robert he's seventy two years, old,
Speaker 2: saying my wife AND i both have traditional iras with.
Speaker 2: Fidelity i'm seventy, two she's seventy. Three we are. Retired
Speaker 2: would it be beneficial for us to convert these traditional
Speaker 2: iras to roth? Irays do you, think.
Speaker 3: Well yes and. NO i think you want to be
Speaker 3: really careful because there's a lot of questions that need
Speaker 3: be answered with that as. WELL i think there's there's
Speaker 3: there are obvious reasons to do, it but you also
Speaker 3: got to be careful because there's THE r AND d.
Speaker 3: Rule it sounds like you're right there at, Rmds so
Speaker 3: remember you have to take your rm ds before you
Speaker 3: can do a. Conversion if you're if you're in the
Speaker 3: year where you're starting YOUR. Rds you got to do
Speaker 3: the RM d, first then you can do a conversion after.
Speaker 3: That so THAT rmd will cause you to have additional,
Speaker 3: income and then the conversion will give you additional income as.
Speaker 3: Well so you got to watch that the tax, brackets the,
Speaker 3: taxing those kind of. Things, now could it be? Good,
Speaker 3: sure you're after fifty nine and a, half so there's
Speaker 3: no ten percent penalty for taking out your. Principle but
Speaker 3: do remember every time you convert, something you have that
Speaker 3: five year period before you can start taking out any
Speaker 3: gains on the principle that you, converted so you have
Speaker 3: that as. WELL i think that You're, robert yours might
Speaker 3: be might be the better one to. Convert maybe you
Speaker 3: just start with that start converting years because you don't
Speaker 3: have an RM d. Yet so maybe you do your
Speaker 3: conversion this, year but obviously check and make sure you're
Speaker 3: not going to end up overpaying on taxes and, stuff
Speaker 3: and then maybe next year you look at both the
Speaker 3: years and see which one would be better to start.
Speaker 3: Converting remember there's no living on how much you can,
Speaker 3: convert but you want to be careful that you don't overpay.
Speaker 3: Taxes in, converting you don't run your income up to
Speaker 3: the point where you're paying top marginal tax bracket is
Speaker 3: more higher than you need it to be or want
Speaker 3: it to. Be so, YEAH i think there are benefits
Speaker 3: to it even at seventy, two because you could live
Speaker 3: another twenty thirty years these, days and it'd be good
Speaker 3: to have that money tax free to utilize for.
Speaker 2: That, mark how would the advice that you just gave
Speaker 2: To robert connect to our back door raw off conversation
Speaker 2: that we had last. Week would that be what this
Speaker 2: is or would that be a slightly Different, no this
Speaker 2: is just a.
Speaker 3: CONVERSION a backdoor roth is where you're contributing to a
Speaker 3: traditional ira after tax, ira not a DEDUCTIBLE, ira and
Speaker 3: then converting. That so it's, similar but this one doesn't
Speaker 3: have the additional contributing to and after tax. Ira usually
Speaker 3: a backdoor roth is for those who are very high
Speaker 3: income levels and they don't qualify to use a tax DEDUCTIBLE.
Speaker 2: Ira good, Stuff, Mark, robert that's a good question. There
Speaker 2: we appreciate you asking that, definitely And, MARK i like
Speaker 2: what you were saying. Too to Consider robert's age as.
Speaker 2: Well he's free from those rmds at least for another,
Speaker 2: year maybe year and a half depending on twenty seventy.
Speaker 2: Two so that's good stuff.
Speaker 3: There, yeah and really there's a lot of other. Things
Speaker 3: THERE'S irma for Your Social Security you got to look
Speaker 3: at is it going to kick you into? That and
Speaker 3: you're gonna end up paying more for your medical, here
Speaker 3: you have to look at all these. Things you want
Speaker 3: to sit, down figure out how much you're you gonna.
Speaker 3: Do what's that going to do to your? Income calculate your?
Speaker 3: Income how much taxes are you're going to have to
Speaker 3: pay on? That where does some money come from to
Speaker 3: pay the? Taxes that's the first. Thing and then how
Speaker 3: is it going to AFFECT? Ierma is it going to
Speaker 3: kick you into a bracket where THE irs determines, that
Speaker 3: you know, what we need to start charging you more
Speaker 3: for your PART d and things like. That you want
Speaker 3: to be careful about all that as you're doing these,
Speaker 3: conversions but it still makes it worthwhile to do if
Speaker 3: you can get more money to a tax free.
Speaker 2: Position it's good. Stuff, mark, folks we'd love to hear from.
Speaker 2: You give us a call six' ten three six three.
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Speaker 2: ten that's how you join. The live broadcast the markets,
Speaker 2: now are live speaking Of which dal jones down. About
Speaker 2: A quarter the Smp and the nasdaq both, pretty much
Speaker 2: Flat is what. I'm, Seeing anyway mark and like, We
Speaker 2: said earlier oil up, a little bit but, so is
Speaker 2: gold so not So.
Speaker 4: Bad the vics the FEAR in dex i see is
Speaker 4: at a low for twenty, twenty six too so.
Speaker 2: That's pretty, good good. Deal good deal love. To see that,
Speaker 2: six ten three six.
Speaker 5: Three.
Speaker 2: Eleven ten mark here, was a good really nice encouragement.
Speaker 2: From our Chat Jacob from north, carolina WAS saying since
Speaker 2: i retired, from my career my job now is. Fundraising for.
Speaker 2: Ministries THAT'S awesome so i spend time on The large
Speaker 2: portfolio god has provided to, week the investments, plan for,
Speaker 2: taxes plan giving and educate myself by listening to financial
Speaker 2: issues and looking for. Other educational resources the portfolio keeps
Speaker 2: growing even while. Donating huge amounts it is true that You.
Speaker 2: Cannot outgive god maybe others can be encouraged to take
Speaker 2: up this. Job in, Retirement, That's, awesome, jacob YEAH yeah
Speaker 2: so i.
Speaker 3: Find that incredible that's why we say. There's never Retirement.
Speaker 3: As a christian what you get, to do though is
Speaker 3: you've reached a point that possibly you don't have to
Speaker 3: worry about your income. At this point therefore you can
Speaker 3: go and do more things in alignment with What you
Speaker 3: believe god, called you for not have to worry. About
Speaker 3: the income THAT'S what retirement i think should be defined as,
Speaker 3: as a believer NOT as now i get to sit
Speaker 3: HOME and watch tv twenty, four to SEVEN but now
Speaker 3: i get to Go do what god has called.
Speaker 2: Me, to, do yeah yeah it's amazing that.
Speaker 3: Not that working wasn't something he called to you to,
Speaker 3: do as well just a different. Season.
Speaker 2: Of, Life, life well jacob thank you for setting that. Example,
Speaker 2: FOR us, brother i mean that's the way to, do, It.
Speaker 2: Right seriously mark we've also Got a Question joseph And Cecilia, From,
Speaker 2: neptune Beach, florida asking mark can you speak on the Recent?
Speaker 2: Bailout of japan where did funds come from To support?
Speaker 2: The japanese en what do you?
Speaker 3: Think?
Speaker 2: About, that mark.
Speaker 3: WELL that's interesting i think a Lot of that. JAPAN
Speaker 3: did themselves i think they used SOME reserves or i
Speaker 3: forget what they were called foreign reserves or. Something like,
Speaker 3: That but yeah america did put in but. Here's what's
Speaker 3: interesting instead of doing like maybe a previous administration would
Speaker 3: have done and borrowed another five to ten billion and
Speaker 3: put it, into the end what the what happened HERE
Speaker 3: Was the us treasury took and sold euros off that
Speaker 3: it had and then invested that, in the end so
Speaker 3: effectively we didn't go into any more debt. TO do
Speaker 3: that i thought that was a really. Smooth, move, Myself.
Speaker 2: Yeah good. Mark that's. Awesome that's awesome six ten three six.
Speaker 2: Three eleven ten mark got A question. From david here
Speaker 2: is there any investment available to counter high inflation and downturn.
Speaker 2: Of the market what, Do? YOU think mark i assume
Speaker 2: there are.
Speaker 3: Some out there one would hope. You do well i'm
Speaker 3: pretty much wishing. THERE was yet i don't think there
Speaker 3: is any one item that. CAN do, both i mean
Speaker 3: could you go into, a, money market sure but if,
Speaker 3: interest rates rise let's say like they Did in, the
Speaker 3: biden years they go up to ten, percent boom overnight
Speaker 3: practically your money market's not going to keep up. With
Speaker 3: that inflation it's not going. To do it it may
Speaker 3: protect it from the stock market crash that could happen or,
Speaker 3: something Like that but on, the other hand if you're in,
Speaker 3: the money market and if you're, in the markets or
Speaker 3: you're utilizing something like, let's say gold a lot of
Speaker 3: people say gold would protect. You from inflation well over,
Speaker 3: the long term it has, historically done so but that
Speaker 3: doesn't mean it doesn't. Crash AS well like i, said
Speaker 3: earlier today gold. Is not safe it does have, very
Speaker 3: huge swings, very huge volatility. Just not often. It's just,
Speaker 3: occasionally you know you'll build up, and build up and,
Speaker 3: you'll keep growing and just when you think, that, it's
Speaker 3: safe boom it drops, down thirty percent and so you
Speaker 3: have to be. Careful WITH that so i don't think
Speaker 3: there's any one product out there set that you can.
Speaker 3: DO that with i think that what we'll, Have, to
Speaker 3: do david is come up with a portfolio that. Helps
Speaker 3: mitigate risk that's one of the reasons why we talk about,
Speaker 3: diversification so much because then you're, in multiple areas not just,
Speaker 3: the stock market but some, in precious metals maybe some,
Speaker 3: in real estate some in cash, or cash, reserves money
Speaker 3: markets so that when, those things happen they offset some. Of,
Speaker 3: the RISK yeah but i don't believe there's anyone that's mark.
Speaker 2: YOU'RE exactly, right i, mean the idea, like you said
Speaker 2: to a good solid investment portfolio is that, by you know,
Speaker 2: doing it well doing, it long, term growing well pruning where,
Speaker 2: you need to adding where, you need to you're able
Speaker 2: to counter that high inflation with the growth. Of the
Speaker 2: market but, Like, you said mark there are, also market
Speaker 2: downturns and so there's there is. Risk. There too absolutely
Speaker 2: it doesn't mean that we, don't get involved but you. Understand.
Speaker 3: The, risk yeah now, some, people say well there's. Tips
Speaker 3: out There There are treasure treasury inflated, inflation protected securities
Speaker 3: which are. Our government bonds they adjust, with supposedly inflation
Speaker 3: but they never keep, up, with it right they never have.
Speaker 3: And never will there's, bonds out there, But you know
Speaker 3: i've seen twice two crashes now where bonds when the
Speaker 3: market finally does go, over, the cliff bonds everything. Get
Speaker 3: get trashed maybe not as bad as, the stock market
Speaker 3: but everything gets so you got to be. Careful about
Speaker 3: that so cash and money markets they're THE only thing
Speaker 3: i know that you can go into that that will
Speaker 3: protect you against, Against the crash but they won't do
Speaker 3: anything good for you as far as growing beyond paying
Speaker 3: the taxes and hopefully keeping. Up WITH inflation so i
Speaker 3: really believe the better answer is. Good asset, Allocation.
Speaker 2: Absolutely so mark if we look at the current inflation
Speaker 2: rate and you try to, find something like SAY you've got,
Speaker 2: i don't know say YOU got a cd that, pays
Speaker 2: four percent so it beats it. A little bit is
Speaker 2: that technically beating inflation or it is some kind of
Speaker 2: higher percentage to really put some distance between that.
Speaker 3: And, inflorce rate well it depends on what you're. Trying,
Speaker 3: to do again it comes down to how, old are
Speaker 3: you how long do you have if You're trying to
Speaker 3: if you're trying to double your, money every. Year that's
Speaker 3: speculation that's not. Investing for, one so yeah having some
Speaker 3: bonds that. Are paying more but, by the way there's
Speaker 3: prefers out there that are paying twice as. Much. As
Speaker 3: inflation now prefers don't have the same growth potential as a,
Speaker 3: regular stock does so but at least. You're making more
Speaker 3: there's reats out there, that do well but everything has.
Speaker 3: Its own risk you want. To minimize risk the goal
Speaker 3: is to minimize risk utilizing as many lovers as you
Speaker 3: can find as possible. Without, minimizing return well obviously you're
Speaker 3: going to pull some of the peaks away when you
Speaker 3: move from aggressive growth to a growth and income portfolio
Speaker 3: to help offset some of the. Downturns and, whatnot so,
Speaker 3: YEAH you know i think a better thing to be.
Speaker 3: Looking at here if you have access excess Money that
Speaker 3: the lord has given you to be, a steward over
Speaker 3: then you should steward that as, best as possible. But
Speaker 3: without fear fear is not part of. Being a student prudences.
Speaker 3: But not fear so by balancing it out by using
Speaker 3: an asset allocation model that fits your time frame and
Speaker 3: your needs, for that money you will be able to
Speaker 3: do that along with picking those individual securities for each
Speaker 3: part of the asset allocation that leans more towards. Your
Speaker 3: sleep factor god gave you that sleep factor. For a
Speaker 3: reason you may not be comfortable. With aggressive stocks you
Speaker 3: may not be comfortable with just getting by with matching.
Speaker 3: Taxes And inflation wherever. God has you that's the way
Speaker 3: to be looking. At that portfolio that and the.
Speaker 2: Wisdom From above awesome mark six' ten three. Six, three
Speaker 2: eleven ten folks. Give us a ring we would love. To,
Speaker 2: Hear from you mark we've. Got a Question here judah
Speaker 2: from texas is asking About. A website called bolden bolden
Speaker 2: is a, retirement planning resource mark and she was just
Speaker 2: wondering your thoughts on using a site like. That, For
Speaker 2: retire planning Well.
Speaker 3: I've never used bolden i've probably never even. Been out
Speaker 3: there before my understanding of it is they have a
Speaker 3: free version that's, more like a calculator like something you
Speaker 3: could do on a, Spreadsheet, on your own yeah and
Speaker 3: then they have one that you pay for that's not.
Speaker 3: Much better than that and then they have one that
Speaker 3: you pay a lot for that's more like paying. For
Speaker 3: a FINANCIAL planner so do i think it could be useful? To,
Speaker 3: look at it sure you could get some ideas and
Speaker 3: then you could sit down with a piece. Of paper,
Speaker 3: or users just remember, if you use theirs you're signing
Speaker 3: up for it and they're going to market the. Heck
Speaker 3: out of you that's. Like they all do they give
Speaker 3: you a freebie so, that you'll get involved and then
Speaker 3: they can market to you to give them a small
Speaker 3: amount to get, into their next step and then a
Speaker 3: bigger amount to get. Into their next step but most
Speaker 3: retirement planning is just time. Value of money calculations yes there's,
Speaker 3: A taxes in there yes, there's a state issues but
Speaker 3: unless you have, massive amounts of money it's pretty much
Speaker 3: just calculating the time value of money and figuring out
Speaker 3: what you need to live on and how. To go
Speaker 3: about that so you can do, that on your own
Speaker 3: but if it. HELPS you utilize it i think there's
Speaker 3: going to, be more and more more and more websites
Speaker 3: and things like that and out there that people will
Speaker 3: be able. To use for free but there's also a
Speaker 3: spreadsheets you can download that are already formatted to do.
Speaker 3: That for free too just do a search for retirement
Speaker 3: plannings free spreadsheet and you'll be able to. FIND one
Speaker 3: for that i always think it's good. TO use a
Speaker 3: professional i think. It's a great idea and if you're
Speaker 3: going to, pay what you know The top end of
Speaker 3: bolden or any of the financial planning website softwares, wants
Speaker 3: you to pay you might AS well pay a cfp to. Help.
Speaker 2: You, With That yeah, absolutely judith well said it's good that. You're.
Speaker 3: Looking at that absolutely the number here at six.' ten
Speaker 3: three sixty. Three give us a call we. HAVEN'T any
Speaker 3: calls This morning i don't think i'd. Love to hear
Speaker 3: from you i'd. Love to hear your opinion we've covered
Speaker 3: a lot of different topics and something had to spark
Speaker 3: you and all you in. The chat dial that phone
Speaker 3: don't just. Ask them in the chat let's get it
Speaker 3: out to the. Rest of the world too your questions
Speaker 3: are important and it helps other people six'. Ten three
Speaker 3: sixty three eleven ten.
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Speaker 2: Happy to have, you, here today on financial issues folks
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Speaker 2: financial issues dot org Mark why Don't we go to lawana?
Speaker 2: From Illinois and talk to, Her, Shall we Let's Do.
Speaker 3: That Lauana, Welcome To. Financial Issues, Happy Monday.
Speaker 5: Happy monday thanks, MARK hi seth and last week i
Speaker 5: think it was the last week someone on the program
Speaker 5: and he was talking, about banking and mentioned pirate money.
Speaker 5: HOW you, can protect your dollars i think, what's OLD
Speaker 5: that kind of thing and i wanted to know? Your, how,
Speaker 5: you feel?
Speaker 3: About, that well Well Thank. YOU yeah that was kevin
Speaker 3: freeman i. Believe he talks about pirate? Money isn't that
Speaker 3: a fun term pirate money makes it sound kind of
Speaker 3: interesting Really If, you read his book pirate money it's
Speaker 3: all about gold as a medium of exchange that was
Speaker 3: used many, many years ago and throughout history and he
Speaker 3: talks about that and. How we could do that today there's,
Speaker 3: a thing called glint right now. Which is like a
Speaker 3: credit card but what happens is you put money on
Speaker 3: deposit with glint and they buy gold and then when
Speaker 3: you go to the store, and you use your glint
Speaker 3: card it it takes the amount of the dollar amount
Speaker 3: of your purchase and sells that amount of gold off to. Cover,
Speaker 3: That ON your credit card. THERE so i like the
Speaker 3: idea i like the idea. OF gold being there for
Speaker 3: that i think it's a good alternative, to especially in
Speaker 3: a credit card because you, have to prefund it for
Speaker 3: one but then it's going in the goal and you
Speaker 3: have the possibility of upside potential to where your credit
Speaker 3: card is, Actually EARNING instead of. Charging YOU and i
Speaker 3: like that so i do like the idea of utilizing
Speaker 3: a resource or, something besides just made up money pretend
Speaker 3: money that the central banks at any time can create
Speaker 3: as much billions and trillions of dollars as they want,
Speaker 3: and inject it into our society BECAUSE that forces and
Speaker 3: creates what i call. Artificial inflation when they do that
Speaker 3: artificial inflation is inflation that is, created by printing too much,
Speaker 3: money by creating, too much credit by doing that where if,
Speaker 3: you are on the. Gold standard you're not doing that
Speaker 3: so any inflation, that happens is, because it's natural it's
Speaker 3: it's organic and. It's caused by supply and demand manufacturers
Speaker 3: as service provisors cannot provide as much of the, products
Speaker 3: or services that are wanted so the price, starts going
Speaker 3: up until somebody innovates expands and creates the opportunity. To
Speaker 3: BRING that, PRICE back down so. I wana i love
Speaker 3: the idea kevin also. HAS a new book Coming Out I.
Speaker 3: Think it's called the four horsemen it's, GOING to be Out.
Speaker 3: Here soon i think. In september it's really worth reading
Speaker 3: it's going to Be one of those things where i've
Speaker 3: had a little, bit of a preview into it and
Speaker 3: it's gonna it's going To wake up a lot of
Speaker 3: americans to what's happening here and what It's going to
Speaker 3: take too for america, to survive against the uh uh.
Speaker 3: The THE enemies, WITHIN and without so i. Wana I
Speaker 3: LIKE the idea myself it's i i would not. GIVE
Speaker 3: up cash at this point i would not give up other.
Speaker 3: Ways and means of doing business BUT it's just, another one,
Speaker 3: and i think that uh uh it'd be good to
Speaker 3: be able to have. That in your wallet, as.
Speaker 5: Well thank you so.
Speaker 3: Much all righty.
Speaker 7: God, Bless, Great it's, A, Great, QUESTION lawana thank you
Speaker 7: hey mark i got a, follow UP for you with
Speaker 7: that because i think it's important for us to clarify
Speaker 7: our terms, here when we're Talking about gold and especially
Speaker 7: when kevin comes on the show and.
Speaker 2: Talks about it with pirate money also seems to me
Speaker 2: like it's more a conversation of gold as a currency
Speaker 2: or an alternative currency as. Opposed, to gold as an
Speaker 2: investment now not saying, gold is a bad.
Speaker 3: Investment exactly but that's. What he's saying pirate money. Exactly, it's, how,
Speaker 3: They transacted.
Speaker 2: Business yeah, yeah, Perfect so yeah good folks good it's,
Speaker 2: it's good to just you. Know keep that in, mind
Speaker 2: here as you all know we believe, that gold can
Speaker 2: be a good. Small SLIVER of your investment portfolio but
Speaker 2: i think we're mark probably much more gong hol. On
Speaker 2: gold as a potential currency seems Like that could be
Speaker 2: something that, i'd really, love to see that. You know
Speaker 2: moving forward, And, forward but at any Rate Mark. Here's
Speaker 2: a question for. Brian kansas he's saying sand disc what's
Speaker 2: one of the items that's? On our bi list right
Speaker 2: now the pe, for sand disc is very low it's
Speaker 2: right around twenty two. To twenty three for this sector, What, Are,
Speaker 2: your Thoughts on this mark.
Speaker 3: Well sand disk is an, incredible company in and of
Speaker 3: itself so you. Have to LOOK at that way the,
Speaker 3: trailing pe is about TWENTY TWO but really the forward
Speaker 3: pe i think is, around seven seven and a half maybe,
Speaker 3: a little bit more than that but that's. Still very
Speaker 3: low for this industry, to GIVE another look AT this
Speaker 3: the peg ratio the pe divided by growth. Is only
Speaker 3: point one point nine i'm comfortable with peg ratios up
Speaker 3: to one point five percent this and. This is only
Speaker 3: point one night so those. Are, Remarkably Low growth adjusted
Speaker 3: numbers uh and, i'm just blown away with it especially
Speaker 3: when you have forty five percent earnings per share. Growth
Speaker 3: over the. NEXT three years it's very impressive i don't
Speaker 3: know where you, want ME to go with this but
Speaker 3: i think you were. Pointing out some very important things
Speaker 3: this is very unusual for a company in this industry
Speaker 3: that is doing so strong to be at such. A,
Speaker 3: GREAT level, at this point yeah.
Speaker 2: I mean, It's, just been winning and winning, mark especially
Speaker 2: these last you. Know last week into, this week really really.
Speaker 2: You know, has has done, Well but yeah. Interesting. STUFF
Speaker 2: there mark to see mark i can't remember how you
Speaker 2: mentioned Previously That, it might have Been western digital. But
Speaker 2: maybe sand disc as well they're they're they're back ordered
Speaker 2: through like years and years or.
Speaker 3: Something, like that into the future right and that's.
Speaker 2: ONE of, like, three years.
Speaker 3: Out i think yeah it's crazy that's one of the things.
Speaker 3: We need to be, careful about these are great numbers but? Can,
Speaker 3: they maintain these profit margins uh the the memory chips
Speaker 3: that Are, being made by by scan disc there's competition
Speaker 3: that's going to be on board. In the next year
Speaker 3: or two there's other people, that, are seeing this and
Speaker 3: saying wow we could we could put billions of dollars
Speaker 3: into a. FACTORY and Do The same thing i think
Speaker 3: elon musk Is building a chip factory in texas that's
Speaker 3: going to be the largest building in the world just to.
Speaker 3: Manufacture computer chips and. Memory chips, SO competition is coming right,
Speaker 3: now i think they're position great but in? The future
Speaker 3: can they maintain this so you need. To keep an
Speaker 3: eye on that even if the peg ratio is, only
Speaker 3: zero point one point nine you, might want to keep
Speaker 3: you know next year, or as more competition comes online
Speaker 3: you might want to be reevaluating that to see if
Speaker 3: they're able to maintain those margins that. Have, Pushed, them
Speaker 3: to this.
Speaker 2: Point yeah Mark we've got A question from oscar, here
Speaker 2: and brian by the way it's. A great. Question. That you,
Speaker 2: Asked oscar's thirty mark he's saying I'm using the growth
Speaker 2: model and i'm CURIOUS. To hear your thoughts about gpi,
Speaker 2: it's been DECLINING for some time so should i harvest the? Losses,
Speaker 2: OR key pulling onto it mark gpi right now is. A,
Speaker 2: firm hold, on, our list yeah it is.
Speaker 3: Yep and that's what. It is IT'S a firm hold
Speaker 3: oscar first Cd eighty Is Our code For group ONE,
Speaker 3: automotive group one automotive tickers gpi and we currently have
Speaker 3: it rated as. A, Hold, and not. A sell now
Speaker 3: yeah it has it. Has pulled back very very hard
Speaker 3: one of the easiest questions you can ask yourself when
Speaker 3: you're looking at a stock like that that you own
Speaker 3: and it's sitting in your portfolio and it's been thumb
Speaker 3: that it snows at you for, the last six months or,
Speaker 3: so IS to say to, yourself IF i didn't own
Speaker 3: it would? I be getting into it now so. You
Speaker 3: got to think about that so it remains on the
Speaker 3: hold list because we're not recommending adding new money to
Speaker 3: it because there are some, things that need, to be
Speaker 3: fixed because quite frankly there's some legitimate reason. Why people
Speaker 3: got out of it, revenue fell five point, six percent,
Speaker 3: new vehicle unit sales you know car sales were down
Speaker 3: four point four. News vehicles were down eleven percent but.
Speaker 3: This isn't a completely broken company that site that could
Speaker 3: be cycling with the auto, industry and other things like
Speaker 3: that so you have to be. Careful when, you're looking
Speaker 3: at that just recently management completed. Fifty million. Of annualized
Speaker 3: expense reduction that's big it's showing us that the leadership
Speaker 3: sees what's going on. Here and is adjusting for it
Speaker 3: their parts and service business has has continued to grow
Speaker 3: and it, remains really resilient at this. Point and the
Speaker 3: Company is, expanding THEY'RE expanding their atlanta presence and i
Speaker 3: think there's an Acquisition, going on with a company hennessy
Speaker 3: and that's going to add one point. Seven billion dollars, to,
Speaker 3: annual revenue so right now yeah it's a little, bit
Speaker 3: of a mess in there but. NOT a mess enough
Speaker 3: to sell i think, there's potential there in the future
Speaker 3: and right now. We're keeping it in a, hold if
Speaker 3: it continues to deteriorate we'll move to. Sell and we'll let,
Speaker 3: you know if you're a partner. You'll get an alert
Speaker 3: on that but right now we believe it's still a hold.
Speaker 3: Because it may, BE a goodbye at this point i
Speaker 3: wouldn't say to, go Rush in and put money or
Speaker 3: i'd be putting. It on a buy right now there's
Speaker 3: still have many too many things that aren't clear. And
Speaker 3: or haven't turned, around yet when they turn around we may.
Speaker 3: Move it back, to the buy if it deteriorates we'll
Speaker 3: let you know, and tell you it's a sell and
Speaker 3: then you can tax loss harvest it. As a good
Speaker 3: stewart would do i'm so sorry about, the losses so
Speaker 3: far in that but that's.
Speaker 2: The.
Speaker 3: KIND of thing that happens well i want To. THANK
Speaker 3: everybody for loving the lord i want to thank. Everybody
Speaker 3: for investing with biblical integrity you're setting the pace and
Speaker 3: you're showing the world what it truly means To be
Speaker 3: a steward to honor god with all. You do include
Speaker 3: in your investments god, bless YOU all for being here
Speaker 3: and i. Look forward to Seeing you tomorrow god bless
Speaker 3: everyone
Speaker 1: If we ever Forget, that we're one nation under god
Speaker 1: then we will be a nation