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<v Speaker 1>Them to financial issues, where we help you steward faithfully

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<v Speaker 1>by honoring God with your investments. Now listen in as

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<v Speaker 1>we give you the practical tools and advice you need

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<v Speaker 1>to become a biblically responsible investor.

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<v Speaker 2>And this is financial issues where we help you do

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<v Speaker 2>fund the darkness and fund the light by investing with

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<v Speaker 2>Biblical integrity. And this is Focus Friday and Overtime. Two

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<v Speaker 2>in one, two in one. We get the two in one.

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<v Speaker 3>It's a we're double threat, right, kind of a shiple

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<v Speaker 3>threat because you got the regular show. It's Focus Friday

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<v Speaker 3>and it's overtime. So who can be right?

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<v Speaker 2>Right? Today's show Focus Friday and Overtime. And the number

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<v Speaker 2>here is six ten three six three eleven ten. We'd

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<v Speaker 2>love to answer your questions and to hear your opinions.

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<v Speaker 2>Six ten three six three eleven ten. Let's get those

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<v Speaker 2>phones lit up.

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<v Speaker 3>That's right, qu those calls cool cats and kittens, let's

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<v Speaker 3>do it now. Mark, We're feeling pretty optimistic today, but

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<v Speaker 3>so are the markets.

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<v Speaker 2>Apparently.

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<v Speaker 3>I saw a recent poll by let's say Investipedia, and

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<v Speaker 3>it showed their latest quarter investors survey showed sixty percent

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<v Speaker 3>of investors say they are optimistic or at least cautiously

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<v Speaker 3>optimistic about the current state of the stock market, and

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<v Speaker 3>no one said they're panicked at all about the current situation.

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<v Speaker 3>That level of optimism is up from fifty percent in

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<v Speaker 3>April and is the highest it's been all year. There

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<v Speaker 3>are still some concerns, though biggest concerns are, of course

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<v Speaker 3>the war in the Middle East, followed by inflation, and

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<v Speaker 3>then overall geopolitical unrest. So a couple questions here, Mark, One,

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<v Speaker 3>do you agree with the general feeling out there of

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<v Speaker 3>I guess cautious optimism? And two, what do we do

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<v Speaker 3>with poles like this? Are they helpful in anyway?

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<v Speaker 2>Nice? Second question, I'll go to the first, though I

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<v Speaker 2>kind of do agree with the polls I think there

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<v Speaker 2>is It should always be cautious optimism in the markets

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<v Speaker 2>because historically the markets over the long term outperform most

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<v Speaker 2>other areas where you could put your money, if not

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<v Speaker 2>all areas. So yeah, you should be optimistic, but you

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<v Speaker 2>got to be cautious because in the short term the

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<v Speaker 2>markets pull back hard at times, they switch on you

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<v Speaker 2>very easily. You know, we always talk about the markets

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<v Speaker 2>being a jungle, a jungle that is out there that

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<v Speaker 2>if you're going alone, there's a good chance you'll be

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<v Speaker 2>eating alive because there's lions and tigers and bearers oh my,

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<v Speaker 2>that are just there. You know, every institutional investor's goal

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<v Speaker 2>is to take your money and make it into theirs,

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<v Speaker 2>so you have to be aware that they're on that.

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<v Speaker 2>And they have hundreds of millions billions of dollars they

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<v Speaker 2>can spend on connecting to the Wall Street, so they

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<v Speaker 2>get a quarter of a second ahead of you on

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<v Speaker 2>any indications. They have servers that are just designed to

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<v Speaker 2>be constantly analyzing every move and everything that goes on.

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<v Speaker 2>So it's it can be a very scary market, so

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<v Speaker 2>we have to be cautious. That way, you combine cautious

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<v Speaker 2>and optimism and you actually have a great market because

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<v Speaker 2>cautious optimism means people aren't chasing the headlines anymore, which

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<v Speaker 2>is good. So it doesn't cause these spikes in the

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<v Speaker 2>market that we've seen over and over again way too often,

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<v Speaker 2>and as such, it also doesn't cause those big valleys either.

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<v Speaker 2>So I like it. I like it. I think it's

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<v Speaker 2>a good place to be. Could that change, Oh sure,

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<v Speaker 2>it could change very easily. All as it would do

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<v Speaker 2>is take some sort of new headline, a new war,

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<v Speaker 2>a new economic situation. Maybe you know, the new Fed

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<v Speaker 2>does something that he's said he wouldn't do, or or

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<v Speaker 2>in alignment with something that isn't who this administration once.

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<v Speaker 2>Who knows what it could be. But anything could cause

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<v Speaker 2>the optimism to go away, and then we'd only have

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<v Speaker 2>cast and people would start pouring into defensive stocks, defensive

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<v Speaker 2>industries and moving into cash, and that could call it

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<v Speaker 2>a huge pullback in the market. Anything could change it,

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<v Speaker 2>or something incredible could come out. Every day we hear

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<v Speaker 2>about AI and the billions upon billions that are going

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<v Speaker 2>into the development of AI. Maybe something good could come

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<v Speaker 2>out of that, and we start saying, like we've seen

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<v Speaker 2>we've seen some companies like Microsoft, who actually is monetizing

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<v Speaker 2>it and starting to see revenues from the spending they're doing.

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<v Speaker 2>But we could see something even bigger than that. We

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<v Speaker 2>actually could see AI starting to cure some disease. We

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<v Speaker 2>could see AI actually helping people to live better lives,

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<v Speaker 2>and that could cause more optimism. Guess what, it's just

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<v Speaker 2>the market. It's a roller coaster, but.

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<v Speaker 3>It is kind of remarkable how generally stable things have been.

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<v Speaker 3>I guess considering all that's going on with the war

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<v Speaker 3>in the Middle East, the whiplash with the tariff, I

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<v Speaker 3>see that Democrats are now suing over those yet again,

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<v Speaker 3>and then of course all the changes with AI and

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<v Speaker 3>the ongoing earning.

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<v Speaker 2>So it is amazing. It's absolutely amazing. That's what we've

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<v Speaker 2>been preaching here since Trump's got in is how quickly

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<v Speaker 2>he stabilized the economy and how resilient it has become.

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<v Speaker 2>Despite the hundreds of thousands of lawsuits that are being

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<v Speaker 2>thrown at this administration just to block up and to

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<v Speaker 2>keep them from being able to move forward with anything,

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<v Speaker 2>despite all the political attacks and rhetoric, despite the anti

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<v Speaker 2>Trump media which is almost all the media, despite the

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<v Speaker 2>war in Iran, despite all that, we have a resilient

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<v Speaker 2>and strong economy and it's getting stronger, and we're just

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<v Speaker 2>in the foundations of what they laid. When you think

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<v Speaker 2>about the nineteen trillion dollars that is being poured into

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<v Speaker 2>the United States to build factories, can you imagine a

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<v Speaker 2>year and a half from now, when these factories are built,

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<v Speaker 2>when these production lines are actually in motion, what it's

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<v Speaker 2>going to be like. It's just incredible. So yeah, I

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<v Speaker 2>think it's a wonderful thing, I think. I think it's

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<v Speaker 2>awesome that we do have such resilient economy, but we

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<v Speaker 2>also have a resilient market. We seem to have enough

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<v Speaker 2>money chasing the stocks that are there that we haven't

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<v Speaker 2>been able to see any major puolback or crash or

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<v Speaker 2>anything like that. So I think it's a wonderful thing. Sam,

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<v Speaker 2>I think you're nailing it there.

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<v Speaker 3>So with these temperature checks, what should we do with them?

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<v Speaker 3>Are they helpful in any way? Or do you think

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<v Speaker 3>there is a cause for concern with them because you

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<v Speaker 3>think people are going to read into them a little

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<v Speaker 3>too much and then, I don't know, do something crazy

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<v Speaker 3>about this data?

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<v Speaker 2>What do you think with what checks?

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<v Speaker 4>Oh?

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<v Speaker 3>These like investor optimism checks, these surveys, Oh, what should

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<v Speaker 3>we really do with them? I'm not opposed to getting

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<v Speaker 3>a temperature check, but I imagine there's a tendency to

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<v Speaker 3>read into them more than what really there.

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<v Speaker 2>Yeah, well they're very limited. For one, you know, it's

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<v Speaker 2>those people who go out to that side are taking it,

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<v Speaker 2>are taking that so but yeah, I think that you

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<v Speaker 2>have to take it with a grain of salt. Salt,

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<v Speaker 2>that's all. It's just another pole, and it's just limited

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<v Speaker 2>and if and how well controlled that pole is, how

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<v Speaker 2>much information they have on the people taking the pole?

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<v Speaker 2>Are they independent? Are they professionals? Are they not? You

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<v Speaker 2>know who they are? What do they represent? We don't know.

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<v Speaker 2>They don't go that deep into it. So it's just

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<v Speaker 2>another conversation piece. It's just another uh uh. It's just

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<v Speaker 2>another piece of media as a carrying agent to sell

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<v Speaker 2>some ads, is what it comes down to.

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<v Speaker 3>All poles are fake, but some are useful, so I'll

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<v Speaker 3>take it. Well, let's let's look at some other data,

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<v Speaker 3>this time coming from the government, so hopefully this isn't

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<v Speaker 3>too fake, although maybe it's a little fake. These are

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<v Speaker 3>the Jolts jobs data. Total number of jobs openings remain

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<v Speaker 3>largely unchanged for the month of July at seven point

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<v Speaker 3>four million, and hires were also unchanged at five point

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<v Speaker 3>three million. Meanwhile, ADP showed private companies added forty four

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<v Speaker 3>thousand jobs in July. That is a small slowdown from

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<v Speaker 3>the month before of ninety five thousand. So what do

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<v Speaker 3>we make with this job's data.

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<v Speaker 2>Well, it's the incore encouraging part. Its wages, the number

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<v Speaker 2>jobs forty four thousand or down from ninety five thousand. Again,

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<v Speaker 2>this is very short term trends. Of course, as we

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<v Speaker 2>get as the economy continues to be more and more productive,

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<v Speaker 2>we should see more and more jobs come in. But

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<v Speaker 2>that doesn't mean we can continue to hire as many

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<v Speaker 2>people always because we run out of people eventually, right,

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<v Speaker 2>so we ought to be seeing jobs slowing a new

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<v Speaker 2>hires slow down. That doesn't bother me. What encourages me

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<v Speaker 2>is the wages. When we see pay increase four point

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<v Speaker 2>four percent, uh and inflations at at what three point

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<v Speaker 2>four percent, it's in the three three five yeah, yeah, yeah,

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<v Speaker 2>that means that wages are growing faster than inflation, which

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<v Speaker 2>means people are doing better. And when we see seven

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<v Speaker 2>percent for those people who real wage are are, when

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<v Speaker 2>we see seven percent in wages growth for those who

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<v Speaker 2>are switching jobs, I think it's said. What what that

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<v Speaker 2>means is that we really have real wage growth substantially

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<v Speaker 2>better inflation rates three point five yeah. So we see

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<v Speaker 2>for those people who are moving from one job to

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<v Speaker 2>another right now, who are finding better opportunities, they're doubling

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<v Speaker 2>their uh, the the ability to outpace inflation. So that's

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<v Speaker 2>an incredible thing. I love it. I think it's very

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<v Speaker 2>pos I said, as long as real wage growth stays

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<v Speaker 2>ahead of inflation, stays positive, it's a wonderful thing.

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<v Speaker 3>I like wonderful things. And wonderful thing is that it's

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<v Speaker 3>Focus Friday.

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<v Speaker 2>Steve.

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<v Speaker 3>We do see you in the call queue there. We'll

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<v Speaker 3>get to you after this short break.

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<v Speaker 2>In fact, that's the first thing we'll do, is get

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<v Speaker 2>with Steve and anybody else who's in the queue. And

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<v Speaker 2>the number here is six ten three six three eleven ten.

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<v Speaker 2>That's six ten three six three eleven ten. This is

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<v Speaker 2>Focus Friday, and we do have overtime. Light up those phones, people,

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<v Speaker 2>Welcome back to everyone. This is financial issues. I'm Mark Manilla.

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<v Speaker 2>Sam Case is in the control room. Here's some of

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<v Speaker 2>those buttons, moving those faders and making sure the show

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<v Speaker 2>goes off real well, along with the crew behind the scenes. Right,

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<v Speaker 2>that's right.

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<v Speaker 3>And I'm looking at Grant over there. He's doing a

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<v Speaker 3>fine job as he does every day. Mark and his

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<v Speaker 3>Focus Friday. So why don't we go to the phones

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<v Speaker 3>we have Steve in Iowa. I want to go to that.

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<v Speaker 5>Sure.

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<v Speaker 2>Welcome Steve, Glad you're with us today. What's on your mind? Yeah?

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<v Speaker 4>Can you hear me?

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<v Speaker 2>Yeah, I can hear you. Okay.

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<v Speaker 6>One of the sucks on our BIA list is an

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<v Speaker 6>aggressive tech play. I don't know if you want me

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<v Speaker 6>to say the symbol on the air, it's fine, It's fine, okay, Okay.

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<v Speaker 6>App Apple Love In Corporation. It felt like a rock

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<v Speaker 6>yesterday and the fact that it dropped part is part

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<v Speaker 6>of the stock. It's an aggressive play. Got that, but

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<v Speaker 6>several analysts downgraded it immediately before open yesterday or overnight,

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<v Speaker 6>and there's a kind of a general text selloff which

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<v Speaker 6>over the past two days, especially yesterday, So I was

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<v Speaker 6>curious if you're still behind that stock or if your

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<v Speaker 6>opinion of it has changed based upon very very recent news.

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<v Speaker 2>You know, it's still a bye absolutely, But this is

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<v Speaker 2>a good reminder that even great growth stocks can get

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<v Speaker 2>punished when expectations get too high, and that's what's what's

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<v Speaker 2>happened with us. But over the long term, it's still

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<v Speaker 2>a good looking stock. App Loving and grew revenue fifty

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<v Speaker 2>three percent, earnings more than sixty percent, and continues to

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<v Speaker 2>produce Enorman's cash flow. So you know, after the twenty

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<v Speaker 2>percent sell off, the valuation has fallen roughly I don't know,

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<v Speaker 2>eighteen times forwards earnings. That's not bad. I'm going to

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<v Speaker 2>maintain it as a bye. But you know, from a

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<v Speaker 2>technical point of view, after breaking the fifty and the

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<v Speaker 2>two hundred movent average, I build positions gradually until we

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<v Speaker 2>see actually the trend turnaround right now. So I like it.

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<v Speaker 2>I think it's still a very strong stock. It's got

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<v Speaker 2>the steal it needs, and it's got the potential. What

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<v Speaker 2>happens is it got ahead of itself, as so many

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<v Speaker 2>of the stocks in the technology area have have happened,

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<v Speaker 2>especially in the AI area. Steve, but this could be

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<v Speaker 2>a better buy in point for new money. But I

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<v Speaker 2>wouldn't jump in too hard until it stabilizes just a

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<v Speaker 2>little bit.

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<v Speaker 4>Well.

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<v Speaker 3>Unfortunately, have it labeled as aggressive right mark exactly because

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<v Speaker 3>we're going to see those swings Unfortunately, Steve.

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<v Speaker 2>What happens is with a pullback like that and app

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<v Speaker 2>we might see a bunch of institutional investors jump in

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<v Speaker 2>real hard and see it shoot through the ceiling again.

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<v Speaker 2>So expect a lot of volatility out of the staff.

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<v Speaker 2>Eventually it will grow into a young company that that

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<v Speaker 2>really stabilizes it a little bit more. But I find

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<v Speaker 2>it to be still a bye did that help any Okay, yeah,

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<v Speaker 2>it does.

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<v Speaker 6>Okay, I know if what happened in the last two

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<v Speaker 6>days had changed that, especially when I see a bunch

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<v Speaker 6>of other analysts, I know you have to take them

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<v Speaker 6>with a grain of salt. But when a bunch of

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<v Speaker 6>people say the same thing, you wonder if they know something.

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<v Speaker 2>Well, yeah, you know, we can go out to multiple

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<v Speaker 2>sites and look at it. And but the first thing

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<v Speaker 2>to really look at is you know, there's the four

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<v Speaker 2>step process that that we use, and that of course

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<v Speaker 2>that breaks down to hundreds of other steps. But each step,

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<v Speaker 2>the first step is the is a b R I compliant?

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<v Speaker 2>This still is Praise God, we can analyze it. Then

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<v Speaker 2>we want to look at the financial as steal, what's

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<v Speaker 2>going on in the balance sheet and the income statements.

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<v Speaker 2>Those are looking pretty good here, and then we can

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<v Speaker 2>go into looking at its potential. In those kinds of things.

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<v Speaker 2>There's just a lot to look at. But overall it's

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<v Speaker 2>still nothing's really changed in it. Just the analysts changed

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<v Speaker 2>their opinion a few analysts. Let's restate that a few

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<v Speaker 2>analysts change their opinion. If you go out, I'm sure

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<v Speaker 2>you could find just as many who love it, and

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<v Speaker 2>especially now said that it pulled back the twenty percent.

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<v Speaker 1>Okay.

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<v Speaker 2>In fact, in fact, I'm just clancing at a couple

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<v Speaker 2>of sites here, I'm seeing by strong by hold. I'm

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<v Speaker 2>not seeing any cells on it. What analysts? Where were

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<v Speaker 2>you looking?

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<v Speaker 6>I didn't actually look at a particular analyst site. What

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<v Speaker 6>it was is kind of an aggregator site that will

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<v Speaker 6>show you data at a glance. And the four or

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<v Speaker 6>five of them had issued a downgrade. Now it's a

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<v Speaker 6>relative downgrade, so if there were a strong, they might

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<v Speaker 6>come down to a buy or something like that. Nobody

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<v Speaker 6>was putting out an aggressive cell.

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<v Speaker 4>Ah.

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<v Speaker 2>Yeah, in fact, that's what I mean. We may see

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<v Speaker 2>a money dumping back into this in the next week

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<v Speaker 2>or so. Who knows, you know, Analysts have all the reasons.

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<v Speaker 2>Some are tech technicians, some are fundamentalists, depending on who what,

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<v Speaker 2>some are a combination of both. So we're going to

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<v Speaker 2>see all sorts of pulling. I do believe that this

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<v Speaker 2>stock does have some potential to maintain this roller coaster

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<v Speaker 2>at a high level. So if you're not, if you're

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<v Speaker 2>someone who doesn't sleep night well at nights with dips

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<v Speaker 2>and peaks and valleys, this wouldn't be the stock for you.

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<v Speaker 2>Otherwise it still has long term potential. So good catch, Steve,

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<v Speaker 2>and good catch pointing out that this might be a

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<v Speaker 2>good time to be looking at it since it's pulled

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<v Speaker 2>back and it's peas they're getting in the line things

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<v Speaker 2>like that. Yeah, thanks so much, Steve. That was great.

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<v Speaker 2>God bless you, sir. Yeah.

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<v Speaker 3>I'm looking at the aggregate for app love and right

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<v Speaker 3>now I'm seeing like six strong buys, twenty one buys,

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<v Speaker 3>and five holes no cells, So you know, take it

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<v Speaker 3>with a grain of salt, though, do you How should

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<v Speaker 3>we think about analysts recommendations. Is it just kind of

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<v Speaker 3>more noise out there? I mean maybe if they all

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<v Speaker 3>shift in one direction at one time, does that mean something?

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<v Speaker 2>Or well, so much. There are some great analysts out there,

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<v Speaker 2>and what makes them great is when I agree with

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<v Speaker 2>them and then there's the rest, right.

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<v Speaker 3>Because then you know they know what they're talking about.

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<v Speaker 2>No, there actually are people who are logical on it,

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<v Speaker 2>who make sense. You know, there's some analysts who just

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<v Speaker 2>look at the financial issues steal. Now. You know, there

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<v Speaker 2>are great businesses out there, meaning they're solid, they have

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<v Speaker 2>great free cash flow, they have all they're low dat,

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<v Speaker 2>they have all sorts of wonderful, great great revenues, great

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<v Speaker 2>great returns. You know, rois on their capital, and yet

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<v Speaker 2>they're going nowhere. But those analysts who relly totally on

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<v Speaker 2>that will say, this is a great company, jump into it. Well,

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<v Speaker 2>if it's not going anywhere, if for some reason people

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<v Speaker 2>don't care, if it's if it's a well run company,

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<v Speaker 2>if it's it has financial steal, it just doesn't matter,

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<v Speaker 2>because we invest for the return, the total return. The

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<v Speaker 2>total return includes how hopefully that company is improving society

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<v Speaker 2>as well. But then there's the analysts who are technicians

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<v Speaker 2>who don't care what the company does, whether it has revenues,

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<v Speaker 2>whether it has products. They don't care anything about that.

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<v Speaker 2>It's just is a fifty over two hundred? Is is

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<v Speaker 2>the price above both of those? Is? Blah blah blah

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<v Speaker 2>blah blah. You know, what's going on with the relative strength,

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<v Speaker 2>what's going on with the momentum, And they just look

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<v Speaker 2>at the charts and they try and extrapulate from that.

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<v Speaker 2>They don't care about anything else. They could be wrong too,

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<v Speaker 2>because though even though they could say, well we got

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<v Speaker 2>a good trend, and all this trends in and turn around,

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<v Speaker 2>and if they don't have any financial steal to hold

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<v Speaker 2>them up. Those trends turn around faster and they drop harder.

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<v Speaker 2>So a combination of those are really important.

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<v Speaker 3>You want something that's a good company and a good stock,

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<v Speaker 3>because it doesn't matter.

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<v Speaker 2>If it's a really good company, it has a stock

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<v Speaker 2>wrong business with a lot of potential. Now there's a

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<v Speaker 2>lot of people say, well, this has a lot of

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<v Speaker 2>potential because it's an AI. No, that doesn't give it potential.

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00:19:32.119 --> 00:19:34.680
<v Speaker 2>That gives it hype. What gives it potential If you

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<v Speaker 2>have one, two, three years of contracts that can take

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<v Speaker 2>up all your production for the next three years. That's potential.

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<v Speaker 2>That's measurable potential. That's potential with receipts. That's what we

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<v Speaker 2>really like to see. If it has that and it

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<v Speaker 2>has financial steel, there's a good chance that stock is

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<v Speaker 2>going to continue to climb. It doesn't mean it won't

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<v Speaker 2>pull back. Yeah yeah again, a right roller coaster. Right.

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<v Speaker 2>The number here is six' ten three six three eleven.

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<v Speaker 3>Ten, well it is still, Focused Friday. Mark so let's

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<v Speaker 3>move on to some. Questions. Here we Have ralph who's

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<v Speaker 3>age sixty. Five he says he's new to investing and

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<v Speaker 3>is a new. Partner now he hasn't happened yet to get,

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<v Speaker 3>dividends But fidelity had asked how he wanted dividends to be.

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<v Speaker 3>Handled with, dividends SHOULD i take cash for me to

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<v Speaker 3>direct or set my account to auto reinvest in that?

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<v Speaker 3>STOCK i think it should be cash to, direct as

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<v Speaker 3>the stock may not be on the by list.

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<v Speaker 2>Anymore so what do you, Think? MARK i Think ralph's

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<v Speaker 2>thinking very strongly and. Straight that makes total. Sense you,

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<v Speaker 2>know treat, treat BUT i also would treat dividends differently

357
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<v Speaker 2>based on where they. Originate for, example individual stocks mutual

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<v Speaker 2>fund ETFs don't necessarily require the same dividend, elections so

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00:20:51.160 --> 00:20:54.079
<v Speaker 2>the decision to reflect both the investment and the purpose

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00:20:54.119 --> 00:20:57.599
<v Speaker 2>of the. Account individual stocks generally take the dividend in.

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<v Speaker 2>Cash that's my feeling for the same, reason And ralph.

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<v Speaker 2>Has ralph's concerns. Legitimate the stock may no longer be

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<v Speaker 2>on the by, list or it may be overweighted already

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<v Speaker 2>in your, Portfolio so why would you want to reinvest

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00:21:11.839 --> 00:21:14.759
<v Speaker 2>in it when you could take those dividends and plant

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<v Speaker 2>them elsewhere into some other type of growth stock and

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<v Speaker 2>expand the diversification you Had when it comes to dividends

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<v Speaker 2>for ETFs and mutual funds not so much the same.

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<v Speaker 2>Thing because EVERY, etf every mutual fund has somewhere between

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<v Speaker 2>ten and one thousand stocks in. It, okay so you

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<v Speaker 2>already have the diversification in there when they when a

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<v Speaker 2>dividend is reinvested in THE, etf what you, know let's

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<v Speaker 2>say there's one hundred stocks in, there one one hundredth

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<v Speaker 2>of that dividend goes into every one of those, Stocks

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<v Speaker 2>so it's divided up into the diversification. Already the final

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<v Speaker 2>THING i think about on This ralph, is, uh what

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<v Speaker 2>what is the need for the? Dividends if you are

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<v Speaker 2>the income do you have any income? Needs if you have, income,

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<v Speaker 2>obviously all that conversation we just had goes, away and it's,

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<v Speaker 2>like take the dividends in cash and put them in

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<v Speaker 2>your checking account to help you live the life that

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<v Speaker 2>you believe That god desires for. You OTHERWISE i would

383
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<v Speaker 2>follow exactly the direction you're going with your, dividends except

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<v Speaker 2>for consider if you have ANY etf some mutual, funds

385
00:22:26.319 --> 00:22:28.519
<v Speaker 2>to go ahead and just have those reinvested in.

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<v Speaker 3>There, yeah there's something out cash too that just gives

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00:22:31.720 --> 00:22:33.799
<v Speaker 3>you that, control which is WHAT i.

388
00:22:33.960 --> 00:22:36.480
<v Speaker 2>Like, well it's good to have that. Control LIKE i,

389
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<v Speaker 2>said if you have a stock you bought in at

390
00:22:39.160 --> 00:22:42.240
<v Speaker 2>the right price and it's, grown and why do you

391
00:22:42.279 --> 00:22:46.599
<v Speaker 2>want your dividends to expand something that might be properly

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00:22:46.640 --> 00:22:50.480
<v Speaker 2>weighted or overweighted. Already you want the control to be

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00:22:50.559 --> 00:22:56.960
<v Speaker 2>able to redeploy those. Elsewhere so that's WHAT i would

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<v Speaker 2>do with, Those AND i Think ralph brings up a

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00:22:59.680 --> 00:23:02.599
<v Speaker 2>good question when you're thinking about. It every item you

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<v Speaker 2>put into your portfolio at every BROKERAGE i, know allows

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00:23:06.720 --> 00:23:09.240
<v Speaker 2>you to determine what to do with that, dividend whether

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00:23:09.279 --> 00:23:13.319
<v Speaker 2>it's a, stock whether it's a mutual fund or AN.

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<v Speaker 2>Etf so you can, choose and it's good to. Choose

400
00:23:16.680 --> 00:23:21.039
<v Speaker 2>having choice is one of the keys to developing wealth

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00:23:21.200 --> 00:23:24.000
<v Speaker 2>and being in control those choices and having a systematic

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<v Speaker 2>plan for executing. Those number here is six' ten three

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<v Speaker 2>six three. Eleven ten It Is, focus friday and we

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<v Speaker 2>would love to be answering. Your question let's go ahead

405
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<v Speaker 2>and light up. The phone we have a few more

406
00:23:36.599 --> 00:23:39.519
<v Speaker 2>areas on the phone that could be. Lit up if

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<v Speaker 2>you have to, leave us sorry to see, you go

408
00:23:41.400 --> 00:23:43.920
<v Speaker 2>but remember you can catch the full Show At financial

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<v Speaker 2>issues Dot org Monday through friday at nine am style

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<v Speaker 2>pound two point fifty and say The keyword welcome. Back

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00:24:00.759 --> 00:24:03.920
<v Speaker 2>everyone This Is financial issues and we're having a fun

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00:24:04.000 --> 00:24:06.880
<v Speaker 2>day here as we answer your questions and look at.

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<v Speaker 2>The markets why don't you give us an update on?

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<v Speaker 5>The?

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00:24:09.440 --> 00:24:13.400
<v Speaker 2>Markets? There sam are you?

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<v Speaker 3>With? Me buddy there. WE go i just wanted to

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<v Speaker 3>keep the suspense. Going, on mark, just yeah?

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<v Speaker 1>Why?

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<v Speaker 2>Not yeah? Why Not.

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00:24:20.799 --> 00:24:23.480
<v Speaker 3>It's friday things need to. Be exciting so the Market's

421
00:24:23.519 --> 00:24:27.119
<v Speaker 3>on Thursday The dow jones down point eight, FIVE percent

422
00:24:27.279 --> 00:24:32.000
<v Speaker 3>smp down point One eight nasdaq down basically flat it

423
00:24:32.039 --> 00:24:35.880
<v Speaker 3>was point zero six And the russell two thousand down

424
00:24:36.119 --> 00:24:39.599
<v Speaker 3>point five, Eight percent so a little negative throughout the,

425
00:24:39.599 --> 00:24:43.000
<v Speaker 3>whole day but nothing, too Crazy, right mark nothing?

426
00:24:43.039 --> 00:24:45.559
<v Speaker 2>Too crazy and today the. Same thing we're seeing the

427
00:24:45.559 --> 00:24:49.440
<v Speaker 2>markets open up pretty pretty flat For the dow and

428
00:24:49.559 --> 00:24:54.119
<v Speaker 2>up about zero point three percent FOR, the smp But

429
00:24:54.279 --> 00:24:57.039
<v Speaker 2>the nasdaq seems to be jumping ahead pretty strong at,

430
00:24:57.039 --> 00:24:59.720
<v Speaker 2>one percent a little bit over. One percent good news

431
00:24:59.759 --> 00:25:03.000
<v Speaker 2>is crud's down, again today what crude oils? Is down

432
00:25:03.400 --> 00:25:07.759
<v Speaker 2>golden gold and precious metals seem to. Be up so

433
00:25:08.160 --> 00:25:11.079
<v Speaker 2>all the colors are correct today are mostly it's.

434
00:25:10.960 --> 00:25:13.480
<v Speaker 3>The right mix Of the, christmas, colors right, that's, right,

435
00:25:13.640 --> 00:25:16.440
<v Speaker 3>Yes right so If, Folks friday we're going to continue with,

436
00:25:16.440 --> 00:25:18.279
<v Speaker 3>our questions but, BEFORE that i do want to tell

437
00:25:18.319 --> 00:25:21.440
<v Speaker 3>you about our friends Over At. Samaritan, ministries guys if

438
00:25:21.480 --> 00:25:24.319
<v Speaker 3>you're tired of all the nonsense that goes on with,

439
00:25:24.400 --> 00:25:29.720
<v Speaker 3>traditional insurance Go to samaritanministries. Dot Org Christian health sharing

440
00:25:29.799 --> 00:25:32.920
<v Speaker 3>The way it's meant. To be learn more about That

441
00:25:33.119 --> 00:25:38.079
<v Speaker 3>at samaritanministries. Dot org highly. Recommend. Them mark let's get

442
00:25:38.079 --> 00:25:41.279
<v Speaker 3>to some. Questions, here pete age, sixty six wants to

443
00:25:41.319 --> 00:25:43.680
<v Speaker 3>know More About. Social, security here, he says if a

444
00:25:43.759 --> 00:25:46.400
<v Speaker 3>married couple is about the, same, age healthy and they

445
00:25:46.440 --> 00:25:49.880
<v Speaker 3>have normal, life expectancies and the higher earner will Start

446
00:25:49.920 --> 00:25:53.480
<v Speaker 3>Taking social security payments at age, sixty seven then what

447
00:25:53.599 --> 00:25:57.279
<v Speaker 3>should the lower earners start taking? Payments at or then

448
00:25:57.440 --> 00:26:01.480
<v Speaker 3>when should they start? Taking, PAYMENTS well.

449
00:26:01.319 --> 00:26:04.599
<v Speaker 2>I generally have the lower earn er wait until age.

450
00:26:04.640 --> 00:26:07.720
<v Speaker 2>Sixty seven they would then file when the higher. Earner

451
00:26:07.799 --> 00:26:11.720
<v Speaker 2>files and this assumes they're approximately the, same age both,

452
00:26:11.720 --> 00:26:16.160
<v Speaker 2>are healthy both have normal, life expectancy and they don't urgently.

453
00:26:16.240 --> 00:26:21.200
<v Speaker 2>NEED income a spouse cannot collect a spousal benefit until

454
00:26:21.240 --> 00:26:25.640
<v Speaker 2>a higher earner spouse is Received. Social security so that's

455
00:26:25.759 --> 00:26:28.680
<v Speaker 2>very important. To know when we say. Spousal benefit what

456
00:26:28.759 --> 00:26:32.559
<v Speaker 2>we're talking about is if if one of the if

457
00:26:33.079 --> 00:26:35.519
<v Speaker 2>the major earner in the in, the family if there's

458
00:26:35.559 --> 00:26:39.400
<v Speaker 2>a major earner the other the spouse may not have

459
00:26:40.039 --> 00:26:44.359
<v Speaker 2>as high there's. A benefit let's just say they. Never

460
00:26:44.440 --> 00:26:47.799
<v Speaker 2>worked maybe the spouse, never worked so they can take

461
00:26:47.880 --> 00:26:50.440
<v Speaker 2>up to fifty they can take fifty percent of the

462
00:26:51.279 --> 00:26:55.359
<v Speaker 2>person who was the higher earner's income if They're. Social

463
00:26:55.400 --> 00:26:58.279
<v Speaker 2>security if they did work and There's social security benefit

464
00:26:58.559 --> 00:27:00.880
<v Speaker 2>is in equal to the, fifty percent then they can

465
00:27:00.920 --> 00:27:04.759
<v Speaker 2>take theirs and they get a bonus up to bring

466
00:27:04.799 --> 00:27:06.759
<v Speaker 2>it up to the. Fifty percent so THAT'S why i

467
00:27:06.799 --> 00:27:09.880
<v Speaker 2>say we wait till full retirement age for that for

468
00:27:09.960 --> 00:27:12.400
<v Speaker 2>the first earner and the end. The second on that

469
00:27:13.759 --> 00:27:14.599
<v Speaker 2>very cool hope That.

470
00:27:14.640 --> 00:27:17.880
<v Speaker 3>Helps pete moving on down To gene jen's and newbie

471
00:27:18.039 --> 00:27:21.440
<v Speaker 3>brand new to investing and has been heavily influenced by.

472
00:27:21.519 --> 00:27:25.480
<v Speaker 3>Financial issues, they said without an advisor and Without Contacting,

473
00:27:25.519 --> 00:27:29.000
<v Speaker 3>timothy plan we Bought Some timothy israel mutual funds about

474
00:27:29.000 --> 00:27:31.920
<v Speaker 3>a month Ago. Through vanguard we've also since subscribe to.

475
00:27:31.960 --> 00:27:34.799
<v Speaker 3>Financial issues we wondered if you know of a fund

476
00:27:34.880 --> 00:27:37.359
<v Speaker 3>that includes all or most of the equities on your,

477
00:27:37.400 --> 00:27:41.160
<v Speaker 3>buy list, or alternatively would we have to buy each?

478
00:27:41.240 --> 00:27:44.400
<v Speaker 3>Stock separately and, if so how much of each do people?

479
00:27:44.440 --> 00:27:48.000
<v Speaker 3>Typically buy? To start vanguard likely has minimums and charges

480
00:27:48.039 --> 00:27:50.039
<v Speaker 3>per transaction for each equity on the.

481
00:27:50.079 --> 00:27:52.039
<v Speaker 2>Buy list so we got a newbee here and they're

482
00:27:52.079 --> 00:27:55.599
<v Speaker 2>looking for. Some, Help, mark yeah do, You, know no

483
00:27:55.920 --> 00:27:59.599
<v Speaker 2>there is no fun that covers are and we don't.

484
00:27:59.640 --> 00:28:02.279
<v Speaker 2>Offer funds, you know. We don't we don't, do that

485
00:28:02.519 --> 00:28:05.119
<v Speaker 2>at least at. This, point no we don't. Do that

486
00:28:06.119 --> 00:28:09.160
<v Speaker 2>so there's no fund that covers our. By lists but

487
00:28:10.200 --> 00:28:14.200
<v Speaker 2>a lot of the of a lot Of The timothy

488
00:28:14.240 --> 00:28:19.880
<v Speaker 2>plan funds will carry similar or the same stocks or

489
00:28:19.960 --> 00:28:22.640
<v Speaker 2>some of the stocks that we cover and that we

490
00:28:22.680 --> 00:28:26.400
<v Speaker 2>say are on The buy and obviously they'll also have

491
00:28:26.640 --> 00:28:29.359
<v Speaker 2>other stocks that we don't have on our, by list

492
00:28:29.759 --> 00:28:32.000
<v Speaker 2>all of them both With The timothy plan and us

493
00:28:32.039 --> 00:28:36.079
<v Speaker 2>will be. Biblically responsible, but no there's no one fund

494
00:28:36.160 --> 00:28:42.079
<v Speaker 2>designed to duplicate our buy opinion. Lists exactly so, so no.

495
00:28:42.200 --> 00:28:44.279
<v Speaker 2>THERE'S not i guess that's the best way to say

496
00:28:44.279 --> 00:28:47.000
<v Speaker 2>it was the. Second half what was the second half of.

497
00:28:46.920 --> 00:28:50.000
<v Speaker 3>The, quest well it was a question about buying, Individual

498
00:28:50.039 --> 00:28:53.279
<v Speaker 3>equities so, they said would we have to buy each

499
00:28:53.319 --> 00:28:55.839
<v Speaker 3>stock separately and so? How much and then they want

500
00:28:55.839 --> 00:28:56.720
<v Speaker 3>to KNOW about.

501
00:28:56.519 --> 00:29:02.119
<v Speaker 2>I guess charges for. Buying, those yeah so there might

502
00:29:02.160 --> 00:29:05.000
<v Speaker 2>be a better way if a lot of people like to. Use,

503
00:29:05.079 --> 00:29:08.880
<v Speaker 2>Ets well timothy plan does have ETFs that you. Could

504
00:29:08.960 --> 00:29:13.839
<v Speaker 2>use so you could get a, very high highly diversified

505
00:29:13.880 --> 00:29:19.640
<v Speaker 2>portfolio just, Using ets timothy plan ets and mutual funds

506
00:29:19.680 --> 00:29:24.680
<v Speaker 2>Like The Israeli Common values fund if you, wanted to

507
00:29:24.839 --> 00:29:29.759
<v Speaker 2>and there's nothing wrong. With that you have systematic professional

508
00:29:29.839 --> 00:29:33.640
<v Speaker 2>management on those and you'd have. Great diversification and then

509
00:29:33.720 --> 00:29:36.279
<v Speaker 2>you only need to buy three or four things to

510
00:29:36.319 --> 00:29:41.000
<v Speaker 2>get your, allocation proper maybe five or six at, the

511
00:29:41.079 --> 00:29:45.880
<v Speaker 2>most but instead of thirty to forty. Different things so

512
00:29:46.200 --> 00:29:48.359
<v Speaker 2>you might look, into that and you can do that

513
00:29:48.400 --> 00:29:52.319
<v Speaker 2>by going into the partner hub looking at the, fund

514
00:29:52.440 --> 00:29:56.319
<v Speaker 2>allocation not the all, asset allocation and the fund allocation

515
00:29:56.440 --> 00:30:00.240
<v Speaker 2>will list the different funds to invest in, there So

516
00:30:00.799 --> 00:30:04.400
<v Speaker 2>AND vanguard i believe carries most Of The timothy. Plant

517
00:30:04.480 --> 00:30:05.559
<v Speaker 2>funds that was.

518
00:30:05.519 --> 00:30:07.720
<v Speaker 3>Going to be my recommendation, as well is look at the,

519
00:30:07.720 --> 00:30:10.720
<v Speaker 3>fund models very easy. To use they're going to hold

520
00:30:10.720 --> 00:30:13.079
<v Speaker 3>your hand a little bit more than going through. The

521
00:30:13.160 --> 00:30:15.920
<v Speaker 3>EQUITIES so i think that should take care of all

522
00:30:15.960 --> 00:30:17.559
<v Speaker 3>the problems and concerns that they're.

523
00:30:17.559 --> 00:30:18.680
<v Speaker 2>Worried, About, mark.

524
00:30:19.000 --> 00:30:21.720
<v Speaker 3>Absolutely, well mark let's go back to. THE phones i

525
00:30:21.720 --> 00:30:24.799
<v Speaker 3>think We have oscar Calling. From california do you want

526
00:30:24.799 --> 00:30:26.160
<v Speaker 3>to Go? To oscar let's.

527
00:30:26.200 --> 00:30:29.319
<v Speaker 2>Do That, Welcome oscar glad you're with. Us today what's on?

528
00:30:29.359 --> 00:30:29.519
<v Speaker 5>Your?

529
00:30:29.599 --> 00:30:30.160
<v Speaker 2>Mind?

530
00:30:31.240 --> 00:30:36.160
<v Speaker 4>Hi, mark morning. Good, morning yeah my question is.

531
00:30:37.319 --> 00:30:41.720
<v Speaker 7>Do you still recommend to open a retirement account to

532
00:30:41.880 --> 00:30:47.079
<v Speaker 7>someone who's going to retire soon within like one or?

533
00:30:47.079 --> 00:30:54.200
<v Speaker 8>Two, years okay there's applications where that would, still work

534
00:30:54.240 --> 00:30:57.799
<v Speaker 8>and there's applications where what, for example if you're going

535
00:30:57.880 --> 00:31:01.519
<v Speaker 8>to retire in one or two years and everything you.

536
00:31:01.799 --> 00:31:05.400
<v Speaker 2>Have invested or if you don't have any investments, at

537
00:31:05.400 --> 00:31:08.240
<v Speaker 2>all but you have, your yeah maybe some sort of

538
00:31:08.279 --> 00:31:13.079
<v Speaker 2>pension or FOR. ONE k I guess i need to

539
00:31:13.119 --> 00:31:16.799
<v Speaker 2>know MORE before i could, answer that because the First

540
00:31:16.799 --> 00:31:19.759
<v Speaker 2>thing i'd, recommend is if you don't need all, your

541
00:31:19.839 --> 00:31:24.799
<v Speaker 2>money you could open up a wroth and it could

542
00:31:24.839 --> 00:31:27.559
<v Speaker 2>be opened up with very little money to get invested

543
00:31:27.720 --> 00:31:31.119
<v Speaker 2>and start the five year time frame, on that so

544
00:31:31.160 --> 00:31:34.799
<v Speaker 2>that you get past the five years with. A roth

545
00:31:35.160 --> 00:31:37.319
<v Speaker 2>if you open, a rock you have five years or

546
00:31:37.319 --> 00:31:39.880
<v Speaker 2>to fifty nine and, a half whichever, is longer before

547
00:31:39.920 --> 00:31:42.759
<v Speaker 2>you can start taking any of the gains out of

548
00:31:42.799 --> 00:31:48.200
<v Speaker 2>that without taxes. Or, penalties okay so what you want

549
00:31:48.200 --> 00:31:50.279
<v Speaker 2>to do is get that wroth, opened up even if

550
00:31:50.319 --> 00:31:53.559
<v Speaker 2>with what a couple, hundred dollars so that it starts.

551
00:31:53.559 --> 00:31:56.680
<v Speaker 2>That clock then you. Can start if you have extra

552
00:31:56.759 --> 00:31:59.240
<v Speaker 2>moneies every year you can be contributed that you don't

553
00:31:59.279 --> 00:32:02.640
<v Speaker 2>need for your personal income to support, your lifestyle you

554
00:32:02.640 --> 00:32:06.119
<v Speaker 2>could start contributing. TO that i believe it's around seven.

555
00:32:06.160 --> 00:32:08.039
<v Speaker 2>THOUSAND dollars i have. To check it might be a

556
00:32:08.039 --> 00:32:15.200
<v Speaker 2>little more now for. Somebody older but you could contribute that,

557
00:32:15.279 --> 00:32:18.640
<v Speaker 2>to it and that then will read you of those

558
00:32:18.680 --> 00:32:22.559
<v Speaker 2>taxes for the future when you have no income. And

559
00:32:22.599 --> 00:32:25.519
<v Speaker 2>whatnot but if you need, the, money obviously it doesn't

560
00:32:25.559 --> 00:32:28.079
<v Speaker 2>make sense to be putting it in and tying it

561
00:32:28.200 --> 00:32:31.680
<v Speaker 2>up in any way in a wroth or an ira

562
00:32:32.000 --> 00:32:34.839
<v Speaker 2>that you're gonna if you're gonna have to take the

563
00:32:34.880 --> 00:32:37.960
<v Speaker 2>money out right. Away anyway so tell me about. Your situation,

564
00:32:38.319 --> 00:32:41.039
<v Speaker 2>you're retiring in a couple. Of years, let's say do

565
00:32:41.079 --> 00:32:43.759
<v Speaker 2>you have a four OH one k or other retirement

566
00:32:43.759 --> 00:32:48.480
<v Speaker 2>account somewhere that you're going to be utilizing to help offset?

567
00:32:48.759 --> 00:32:50.799
<v Speaker 2>Your lifestyle.

568
00:32:52.960 --> 00:32:57.480
<v Speaker 4>Probably not just Maybe On social security.

569
00:32:57.039 --> 00:33:03.000
<v Speaker 7>And, some savings, but okay that's only the only. Two sources,

570
00:33:03.079 --> 00:33:09.720
<v Speaker 7>AND yeah i guess she wouldn't pull money within those.

571
00:33:10.160 --> 00:33:13.720
<v Speaker 4>TWO years, i mean like she still has, some savings,

572
00:33:13.720 --> 00:33:16.119
<v Speaker 4>you know maybe.

573
00:33:15.839 --> 00:33:21.839
<v Speaker 2>Now you're saving short term savings just there for emergency

574
00:33:21.920 --> 00:33:25.599
<v Speaker 2>fund and to cover expenses that come about during. The

575
00:33:25.680 --> 00:33:29.160
<v Speaker 2>year or is, it large like, you know we have

576
00:33:29.200 --> 00:33:31.359
<v Speaker 2>a money market where we have hundreds of thousands.

577
00:33:31.359 --> 00:33:36.640
<v Speaker 5>OF dollars i would, say PROBABLY like i, don't know

578
00:33:36.680 --> 00:33:43.240
<v Speaker 5>maybe fifty to, sixty, okay, sixty, Yeah Yeah.

579
00:33:42.720 --> 00:33:45.240
<v Speaker 2>So i'd be very careful at this point about moving

580
00:33:45.240 --> 00:33:47.759
<v Speaker 2>it into a rock because you may need, that, money,

581
00:33:48.200 --> 00:33:53.559
<v Speaker 2>right yeah so be. Very careful but if if you've

582
00:33:53.599 --> 00:33:56.759
<v Speaker 2>already calculated the moat around, your castle if you already

583
00:33:56.799 --> 00:33:59.480
<v Speaker 2>know what the occasional expenses are that you're gonna have

584
00:33:59.519 --> 00:34:02.720
<v Speaker 2>to pick up throughout, the year and you have, you

585
00:34:02.759 --> 00:34:04.839
<v Speaker 2>know let's just say that comes out to twenty thousand,

586
00:34:04.880 --> 00:34:07.880
<v Speaker 2>a year it wouldn't hurt to get the other half of,

587
00:34:07.920 --> 00:34:13.519
<v Speaker 2>that invested possibly in an income portfolio that has somewhere

588
00:34:13.519 --> 00:34:17.920
<v Speaker 2>around to forty, percent growth and the rest is an

589
00:34:17.960 --> 00:34:22.920
<v Speaker 2>income producing assets to help you with the income from

590
00:34:22.920 --> 00:34:27.800
<v Speaker 2>that help offset your lifestyle moving into. The retirement.

591
00:34:30.280 --> 00:34:36.480
<v Speaker 7>And so that would be probably an income model.

592
00:34:36.679 --> 00:34:39.559
<v Speaker 2>Or, GROWTH yeah i would use the income. Asset model

593
00:34:39.599 --> 00:34:42.480
<v Speaker 2>since you only have two years and you wanted to be,

594
00:34:42.679 --> 00:34:46.199
<v Speaker 2>well diversified which it, WOULD be i would use the at,

595
00:34:46.239 --> 00:34:51.840
<v Speaker 2>THAT amount i would use the fund asset allocation model,

596
00:34:51.960 --> 00:34:54.480
<v Speaker 2>for that and that should help you to move in.

597
00:34:54.559 --> 00:34:56.559
<v Speaker 2>That direction if you want to stay on the, Phone

598
00:34:56.559 --> 00:34:59.119
<v Speaker 2>here i'll talk to you during the break here. As

599
00:34:59.199 --> 00:35:03.840
<v Speaker 2>well to finalizis six ten three six three. Eleven ten

600
00:35:03.920 --> 00:35:07.159
<v Speaker 2>This Is. Focus friday this is for. Your calls we'll

601
00:35:07.199 --> 00:35:10.719
<v Speaker 2>be right back after this, short break looking forward forward

602
00:35:10.760 --> 00:35:11.360
<v Speaker 2>to talking To.

603
00:35:11.400 --> 00:35:28.679
<v Speaker 9>You tom the opinions and recommendations expressed on this program

604
00:35:28.679 --> 00:35:30.480
<v Speaker 9>do not necessarily represent.

605
00:35:30.119 --> 00:35:32.000
<v Speaker 2>The opinions of the station or any of the.

606
00:35:32.000 --> 00:35:36.079
<v Speaker 3>Program, sponsors additionally all products or services offered by the

607
00:35:36.119 --> 00:35:45.360
<v Speaker 3>program sponsors may not be known by. The program.

608
00:35:45.360 --> 00:35:48.760
<v Speaker 2>Welcome back this is last segment, before overtime and we

609
00:35:48.800 --> 00:35:52.079
<v Speaker 2>Still have oscar. With us oscar during, the break you're

610
00:35:52.079 --> 00:35:54.440
<v Speaker 2>asking me if you had longer than a couple, of

611
00:35:54.519 --> 00:35:57.280
<v Speaker 2>years like if you had four or, five YEARS would

612
00:35:57.320 --> 00:36:00.599
<v Speaker 2>i consider? A, ROCK yeah, i would because you can

613
00:36:00.719 --> 00:36:05.679
<v Speaker 2>always take the money you contributed to the wroth out.

614
00:36:05.719 --> 00:36:09.800
<v Speaker 2>Without penalty you just can't take the gains on it

615
00:36:09.800 --> 00:36:12.599
<v Speaker 2>out if you're over fifty nine and. A, half okay,

616
00:36:13.159 --> 00:36:16.039
<v Speaker 2>so yeah then in, that case if you're like four

617
00:36:16.119 --> 00:36:19.360
<v Speaker 2>years or five, years out you're pretty, much close and

618
00:36:19.440 --> 00:36:23.199
<v Speaker 2>maybe just the contributions alone would cover whatever you need

619
00:36:23.239 --> 00:36:24.880
<v Speaker 2>to pull out the, first year and then you have

620
00:36:25.000 --> 00:36:28.039
<v Speaker 2>access to all the gains. As well, all right hope, That.

621
00:36:28.119 --> 00:36:30.719
<v Speaker 3>Helps oscar if you have, more questions feel free to

622
00:36:30.760 --> 00:36:33.239
<v Speaker 3>call Back on monday six ten three six three. Eleven

623
00:36:33.320 --> 00:36:36.320
<v Speaker 3>ten also you can Email us sam at financial issues

624
00:36:36.360 --> 00:36:39.559
<v Speaker 3>dot org accept at financial issues Dot, orgon well we'll

625
00:36:39.559 --> 00:36:41.880
<v Speaker 3>take care. Of that so thanks so much for calling

626
00:36:41.960 --> 00:36:44.440
<v Speaker 3>in Today, and oscar thank you for, calling in but

627
00:36:44.480 --> 00:36:46.320
<v Speaker 3>thank you for Loving the lord and wanting to be

628
00:36:46.360 --> 00:36:47.840
<v Speaker 3>a great steward what he's given.

629
00:36:47.880 --> 00:36:51.280
<v Speaker 2>TO you i pray your retirement goes well and congratulations on.

630
00:36:51.400 --> 00:36:52.480
<v Speaker 2>Getting there it's.

631
00:36:52.519 --> 00:36:56.840
<v Speaker 3>Exciting, Stuff, yeah mark more questions in. The queue We

632
00:36:56.960 --> 00:37:00.599
<v Speaker 3>have judith here She's. From texas she wants KNOW, about

633
00:37:00.639 --> 00:37:02.760
<v Speaker 3>BEPY which i just love, to, say bepy that's so

634
00:37:02.840 --> 00:37:05.320
<v Speaker 3>much fun. To say so she wants to know since

635
00:37:05.360 --> 00:37:08.920
<v Speaker 3>the issue WE'RE new, P, six yes THE new, p

636
00:37:09.199 --> 00:37:12.639
<v Speaker 3>six but more fun to SAY than. P six, Well,

637
00:37:12.719 --> 00:37:16.119
<v Speaker 3>RIGHT well Bepy, is canadian and the question here is

638
00:37:16.159 --> 00:37:18.039
<v Speaker 3>besides can we forgive them For?

639
00:37:18.119 --> 00:37:19.360
<v Speaker 2>Being, Canadian no i'm.

640
00:37:19.400 --> 00:37:23.760
<v Speaker 3>Just joking she wants to Know about canadians withholding taxes

641
00:37:23.800 --> 00:37:27.599
<v Speaker 3>and how that applies to bepy's interest payments and, if

642
00:37:27.639 --> 00:37:29.800
<v Speaker 3>so could that be put into a wroth at.

643
00:37:29.800 --> 00:37:35.239
<v Speaker 2>A disadvantage i'm reading the. Question here judas Is, In.

644
00:37:35.400 --> 00:37:39.280
<v Speaker 2>Argyll texas She's, not canadian and that's, very important by,

645
00:37:39.280 --> 00:37:42.039
<v Speaker 2>the WAY because bepy payments should not be Subject to

646
00:37:43.400 --> 00:37:49.599
<v Speaker 2>canadian withholding tax FOR ordinary. Us investors canada generally exempts

647
00:37:49.599 --> 00:37:55.400
<v Speaker 2>interest paid to unrelated arms length non residents who are buying,

648
00:37:55.440 --> 00:37:59.440
<v Speaker 2>into it and DPIs even offering documents even say that

649
00:37:59.559 --> 00:38:03.039
<v Speaker 2>they uh that the notes should be treated as Debt

650
00:38:03.159 --> 00:38:07.920
<v Speaker 2>under canadian law with no withholding on. The interest, so

651
00:38:08.440 --> 00:38:12.840
<v Speaker 2>uh that's what they're. Telling us there's also there's there's

652
00:38:12.920 --> 00:38:16.519
<v Speaker 2>also the thing that there's a provision intended to compensate

653
00:38:16.559 --> 00:38:21.960
<v Speaker 2>investors with additional Amounts of canadian withholding wherever to. Be

654
00:38:22.199 --> 00:38:25.760
<v Speaker 2>required so there's a lot of different things in there

655
00:38:25.800 --> 00:38:27.679
<v Speaker 2>that say. It's good but one of the things WITH

656
00:38:28.079 --> 00:38:34.679
<v Speaker 2>bp i, is, that uh because it's a perpetual and

657
00:38:34.800 --> 00:38:37.840
<v Speaker 2>has no scheduled, maturity date the way THE i r

658
00:38:38.000 --> 00:38:41.320
<v Speaker 2>s and Maybe the CANADIAN i r s they can

659
00:38:41.440 --> 00:38:44.239
<v Speaker 2>always change their mind is what is what it comes.

660
00:38:44.280 --> 00:38:47.679
<v Speaker 2>Down to SO currently i don't see it as an, Issue,

661
00:38:47.679 --> 00:38:50.880
<v Speaker 2>THOUGH judith. I don't i don't see any any reason

662
00:38:50.920 --> 00:38:52.000
<v Speaker 2>to be concerned. About that.

663
00:38:53.559 --> 00:38:55.920
<v Speaker 3>Cool help hope That. Helps judith moving on to a

664
00:38:55.920 --> 00:38:59.440
<v Speaker 3>pretty juicy One. From john he wants to know what

665
00:38:59.519 --> 00:39:02.960
<v Speaker 3>are your thought on leasing? A. Car now i've known

666
00:39:03.000 --> 00:39:05.840
<v Speaker 3>some people who have Leased cars mark and they seem to. Really,

667
00:39:05.920 --> 00:39:07.519
<v Speaker 3>like well it's kind of a. Split thing i've known

668
00:39:07.559 --> 00:39:09.960
<v Speaker 3>some people who really like it and other people who

669
00:39:09.960 --> 00:39:11.559
<v Speaker 3>think it's a. Terrible idea what do?

670
00:39:11.599 --> 00:39:15.280
<v Speaker 2>You, think actually leasing is just a different way to finance.

671
00:39:15.320 --> 00:39:19.039
<v Speaker 2>A car the bottom line is they're using a denominator

672
00:39:19.159 --> 00:39:21.559
<v Speaker 2>or a multiplier to figure out what they need to

673
00:39:21.639 --> 00:39:26.960
<v Speaker 2>charge you based on estimated what the car is going to,

674
00:39:27.000 --> 00:39:29.639
<v Speaker 2>be worth and after the timeframe of the lease, runs

675
00:39:29.679 --> 00:39:32.280
<v Speaker 2>out they need to, recover that they need to recover,

676
00:39:32.320 --> 00:39:34.840
<v Speaker 2>their profits they need to, recover everything and based on

677
00:39:34.920 --> 00:39:38.000
<v Speaker 2>that they come up with your. Lease payment sometimes those

678
00:39:38.079 --> 00:39:42.920
<v Speaker 2>lease payments are less than what you could get by financing,

679
00:39:42.960 --> 00:39:46.840
<v Speaker 2>the car but that's only because they estimated that the

680
00:39:46.960 --> 00:39:49.920
<v Speaker 2>mileage and the depreciation is going to. Be less if

681
00:39:49.960 --> 00:39:52.480
<v Speaker 2>you go over, that mileage then they start charging. You

682
00:39:52.599 --> 00:39:55.159
<v Speaker 2>more so there's a lot of moving lovers in a

683
00:39:55.239 --> 00:39:58.559
<v Speaker 2>lease that aren't in your. Regular loan, and secondly at

684
00:39:58.599 --> 00:40:00.559
<v Speaker 2>the end of, the least the only only thing you

685
00:40:00.760 --> 00:40:03.679
<v Speaker 2>have there after the lease is over is the need for.

686
00:40:03.719 --> 00:40:07.440
<v Speaker 2>Another car, at least if you're buying the car and

687
00:40:07.519 --> 00:40:11.119
<v Speaker 2>you're paying for it even with, the loan which obviously

688
00:40:11.760 --> 00:40:15.159
<v Speaker 2>a lot of, people do you at least have the

689
00:40:15.320 --> 00:40:18.599
<v Speaker 2>vehicle to continue to drive for years, after that which

690
00:40:18.760 --> 00:40:22.639
<v Speaker 2>then makes the value of having bought it so. Much

691
00:40:22.639 --> 00:40:26.800
<v Speaker 2>better even though this is a, depreciating asset it's still

692
00:40:26.800 --> 00:40:29.800
<v Speaker 2>an asset at the end of a purchase instead of.

693
00:40:29.840 --> 00:40:32.760
<v Speaker 2>A lease now are there times when it, makes sense

694
00:40:33.559 --> 00:40:35.840
<v Speaker 2>least in, A, VEHICLE well i guess, there ARE but

695
00:40:35.920 --> 00:40:39.280
<v Speaker 2>i haven't really found one outside of convenience or the

696
00:40:39.360 --> 00:40:42.679
<v Speaker 2>love of the new, Car smell so, you know take

697
00:40:42.719 --> 00:40:44.920
<v Speaker 2>that for what it. Is worth the lower payment doesn't

698
00:40:44.920 --> 00:40:48.320
<v Speaker 2>tell the. Whole story remember you also if you're going,

699
00:40:48.400 --> 00:40:52.960
<v Speaker 2>To compare and most leases are much more smaller obviously

700
00:40:53.039 --> 00:40:57.039
<v Speaker 2>or shorter than a car. Loan is so, right now

701
00:40:57.320 --> 00:40:59.639
<v Speaker 2>the average CAR loan i think they're saying is five

702
00:40:59.679 --> 00:41:04.079
<v Speaker 2>and a half years up to six, years now and

703
00:41:04.239 --> 00:41:08.480
<v Speaker 2>the average lease is somewhere around twenty. Four months so

704
00:41:09.039 --> 00:41:15.599
<v Speaker 2>obviously the lease amount could be subs could be less

705
00:41:15.719 --> 00:41:18.880
<v Speaker 2>because they get the asset and you're not paying for the.

706
00:41:18.920 --> 00:41:22.760
<v Speaker 2>Whole asset you're paying for, the depreciation profits and the

707
00:41:22.920 --> 00:41:26.159
<v Speaker 2>interests that they the time value of money that they

708
00:41:26.239 --> 00:41:30.920
<v Speaker 2>have to. Account FOR so i. DON'T know i do

709
00:41:31.079 --> 00:41:32.920
<v Speaker 2>KNOW what i feel And what i've seen over the

710
00:41:33.079 --> 00:41:37.000
<v Speaker 2>ages is that most leases do not are just another

711
00:41:37.039 --> 00:41:40.400
<v Speaker 2>way to finance, a car and at the end of

712
00:41:40.440 --> 00:41:43.400
<v Speaker 2>the lease you get to refinance it again if you

713
00:41:43.440 --> 00:41:45.119
<v Speaker 2>want to lease it or if you want to. Buy

714
00:41:45.159 --> 00:41:50.079
<v Speaker 2>it so it's just another way to borrow money against.

715
00:41:50.159 --> 00:41:53.840
<v Speaker 2>Your car if you're going to stay within the ten

716
00:41:53.920 --> 00:41:56.960
<v Speaker 2>thousand miles or the seventy five hundred miles. Or whatever

717
00:41:57.360 --> 00:42:00.960
<v Speaker 2>the least calculation is usual for, your mind and that

718
00:42:01.079 --> 00:42:04.440
<v Speaker 2>least amount is way lower than your. Car payment and

719
00:42:04.480 --> 00:42:07.639
<v Speaker 2>you and you like the idea of your car always being.

720
00:42:07.760 --> 00:42:11.519
<v Speaker 2>UNDER warranty i don't know if you barely drive, THE

721
00:42:11.559 --> 00:42:13.599
<v Speaker 2>car i guess that's an okay way to. Do it

722
00:42:13.800 --> 00:42:15.480
<v Speaker 2>the best way to do it is to save up

723
00:42:15.519 --> 00:42:18.519
<v Speaker 2>and buy. A car i once wrote a little Book

724
00:42:18.800 --> 00:42:21.800
<v Speaker 2>called How to Lose A, million dollars and one of

725
00:42:21.840 --> 00:42:26.159
<v Speaker 2>the areas in it was buying or. Leasing cars AND

726
00:42:26.280 --> 00:42:29.760
<v Speaker 2>when i, SAY buying, i, mean uh actually going in,

727
00:42:29.840 --> 00:42:34.119
<v Speaker 2>and borrowing going into debt for. A CAR and i,

728
00:42:34.159 --> 00:42:38.119
<v Speaker 2>on average at, that time the average person was our

729
00:42:38.760 --> 00:42:43.559
<v Speaker 2>new people were buying cars on average every three and a.

730
00:42:43.639 --> 00:42:44.559
<v Speaker 2>Half years are?

731
00:42:44.599 --> 00:42:44.679
<v Speaker 3>You?

732
00:42:44.920 --> 00:42:48.320
<v Speaker 2>Serious, yeah wow that was, the average the average.

733
00:42:48.039 --> 00:42:50.760
<v Speaker 3>Car or just getting over, brand new.

734
00:42:50.920 --> 00:42:54.679
<v Speaker 2>Brand, new yeah so that that was kind. Of CRAZY

735
00:42:54.760 --> 00:42:57.280
<v Speaker 2>but i went out to five YEARS and i showed

736
00:42:57.400 --> 00:42:59.880
<v Speaker 2>if you just kept the car that you, have now

737
00:43:00.039 --> 00:43:03.199
<v Speaker 2>let's say it's five, years old or and you put

738
00:43:03.280 --> 00:43:05.559
<v Speaker 2>money into it to make it. Like NEW and i

739
00:43:05.599 --> 00:43:08.679
<v Speaker 2>actually put gobs of MONEY and i went and had,

740
00:43:08.719 --> 00:43:11.280
<v Speaker 2>you know. A postry, YOU know i got prices for,

741
00:43:11.360 --> 00:43:14.280
<v Speaker 2>a postery assuming there was a rip in a seed and,

742
00:43:14.880 --> 00:43:18.360
<v Speaker 2>you know getting a new paint job because there was issues,

743
00:43:18.400 --> 00:43:21.320
<v Speaker 2>with it and making sure all the mechanics were brought up,

744
00:43:21.360 --> 00:43:24.719
<v Speaker 2>to date and then getting a loan for that amount

745
00:43:24.760 --> 00:43:28.679
<v Speaker 2>and putting the difference between the loan for that those

746
00:43:28.920 --> 00:43:31.960
<v Speaker 2>few thousand dollars that you put into that car compared

747
00:43:32.239 --> 00:43:36.559
<v Speaker 2>to a new car loan away for, five years and

748
00:43:36.599 --> 00:43:39.000
<v Speaker 2>then buying a car with, that money a brand, new

749
00:43:39.039 --> 00:43:41.199
<v Speaker 2>car and then putting the. Money away you would have

750
00:43:41.199 --> 00:43:43.880
<v Speaker 2>finance for that and after so, many years you had

751
00:43:44.039 --> 00:43:46.280
<v Speaker 2>hundreds of thousands of dollars in the bank and you've

752
00:43:46.280 --> 00:43:49.559
<v Speaker 2>been driving a new car every five to. Ten years

753
00:43:49.639 --> 00:43:52.760
<v Speaker 2>so when you finance a car or, lease it you're

754
00:43:52.880 --> 00:43:56.719
<v Speaker 2>actually sending money to other people to help them. Create

755
00:43:56.800 --> 00:43:59.599
<v Speaker 2>wealth as the bottom dollars if you're financing it, or

756
00:43:59.719 --> 00:44:03.639
<v Speaker 2>least you could save hundreds of thousands of dollars over

757
00:44:03.679 --> 00:44:06.519
<v Speaker 2>your lifetime by just holding on to a car for

758
00:44:06.639 --> 00:44:09.519
<v Speaker 2>ten to fifteen years and keeping up the maintenance.

759
00:44:09.519 --> 00:44:12.760
<v Speaker 3>On it and, pro tip if you're really into the new,

760
00:44:12.840 --> 00:44:15.880
<v Speaker 3>car smell they do sell a spring sound that just

761
00:44:16.039 --> 00:44:17.599
<v Speaker 3>lets you have that smell if you're.

762
00:44:17.639 --> 00:44:20.840
<v Speaker 2>Into it so absolutely, Absolutely.

763
00:44:20.480 --> 00:44:22.639
<v Speaker 3>Well mark i'm not sure if we can squeeze in

764
00:44:22.719 --> 00:44:26.719
<v Speaker 3>another question, Just yet but there's. Good news usually this would,

765
00:44:26.440 --> 00:44:27.719
<v Speaker 3>be sad we Wouldn't, have.

766
00:44:27.880 --> 00:44:31.360
<v Speaker 2>Well, let's see well we could. Do it let's Look At, Joseph's.

767
00:44:30.840 --> 00:44:34.440
<v Speaker 3>Okay Joseph, And cecilia jay and c they save a

768
00:44:34.440 --> 00:44:37.800
<v Speaker 3>friend who's, very wealthy not Living the. Christian life but

769
00:44:37.880 --> 00:44:41.400
<v Speaker 3>they've encouraged this person to LISTEN to fim and they

770
00:44:41.440 --> 00:44:43.760
<v Speaker 3>want to know if it's okay if this Person non

771
00:44:43.880 --> 00:44:45.119
<v Speaker 3>christian would become.

772
00:44:45.119 --> 00:44:48.239
<v Speaker 2>A member i love this question and the answer. Is,

773
00:44:48.400 --> 00:44:53.239
<v Speaker 2>yes absolutely all are. Welcome here financial issues ministry is

774
00:44:53.280 --> 00:44:56.000
<v Speaker 2>where people can hear the Truth of god's word and

775
00:44:56.079 --> 00:44:58.920
<v Speaker 2>learn how that truth should shape every part of, our

776
00:44:58.960 --> 00:45:02.880
<v Speaker 2>life inclusion st wardship of money. And possession where else is?

777
00:45:02.920 --> 00:45:06.079
<v Speaker 2>Somebody gonna where else was someone who is not living

778
00:45:06.079 --> 00:45:09.599
<v Speaker 2>a Crew? For christ here the message of salvation and

779
00:45:09.639 --> 00:45:12.400
<v Speaker 2>see what it looks like when believers seek to live out.

780
00:45:12.440 --> 00:45:16.960
<v Speaker 2>Their faith Being around christian doesn't, save them but it

781
00:45:17.000 --> 00:45:19.159
<v Speaker 2>can be a place where a person hears the costa,

782
00:45:19.159 --> 00:45:23.800
<v Speaker 2>Will taught biblical, wisdom shared and faithful stewardship. Is modeled

783
00:45:23.960 --> 00:45:27.119
<v Speaker 2>so your friend is welcome here no matter what his

784
00:45:27.199 --> 00:45:31.519
<v Speaker 2>spiritual situation should be. Our hope our goal is that

785
00:45:31.599 --> 00:45:34.719
<v Speaker 2>by hearing and seeing, the truth that he'll be drawn to.

786
00:45:34.760 --> 00:45:38.639
<v Speaker 2>The light, so, yeah, absolutely yes and we'd love him to,

787
00:45:38.760 --> 00:45:41.519
<v Speaker 2>join us and we'd love them to come on board

788
00:45:41.679 --> 00:45:44.000
<v Speaker 2>and see what it really means to Be a christian

789
00:45:44.039 --> 00:45:47.679
<v Speaker 2>because of people like you and all of our partners

790
00:45:47.719 --> 00:45:50.880
<v Speaker 2>who Love the lord and have decided to show the

791
00:45:50.920 --> 00:45:53.760
<v Speaker 2>world that by the way they live out, that truth

792
00:45:53.800 --> 00:45:57.320
<v Speaker 2>by being, a steward by making every decision they make

793
00:45:58.119 --> 00:46:01.039
<v Speaker 2>based on a foundation of how what does this Honor

794
00:46:01.199 --> 00:46:04.760
<v Speaker 2>my God. And savior when people see that, in action

795
00:46:05.159 --> 00:46:07.719
<v Speaker 2>it draws them to it and they want to know,

796
00:46:07.800 --> 00:46:11.000
<v Speaker 2>the truth and they want a savior like, our savior

797
00:46:11.039 --> 00:46:14.360
<v Speaker 2>and of course it's their savior. As WELL and i

798
00:46:14.360 --> 00:46:18.440
<v Speaker 2>don't think anybody here at, financial issues whether internally or

799
00:46:18.480 --> 00:46:21.639
<v Speaker 2>as partners are would be a shame to share that.

800
00:46:21.760 --> 00:46:23.719
<v Speaker 2>With them and they're going to hear, it anyway and

801
00:46:23.760 --> 00:46:26.079
<v Speaker 2>they're going to see how normal it is to live,

802
00:46:26.119 --> 00:46:30.559
<v Speaker 2>a joyful happy Life. Pursuing christ thank you so much For,

803
00:46:30.639 --> 00:46:33.280
<v Speaker 2>Loving god thank you for showing it in the way

804
00:46:33.400 --> 00:46:36.960
<v Speaker 2>that you invest with. Biblical integrity but don't go away

805
00:46:37.079 --> 00:46:40.719
<v Speaker 2>because it's overtime and just, ABOUT oh i, don't know.

806
00:46:41.199 --> 00:46:44.320
<v Speaker 2>One minute stay. With us we look forward to focusing

807
00:46:44.360 --> 00:46:46.920
<v Speaker 2>on your questions and having a good time and overtime

808
00:46:47.119 --> 00:46:48.079
<v Speaker 2>we'll be right back

809
00:47:00.039 --> 00:47:02.320
<v Speaker 4>And members and