Speaker 1: Them 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: And this is financial issues where we help you do
Speaker 2: fund the darkness and fund the light by investing with
Speaker 2: Biblical integrity. And this is Focus Friday and Overtime. Two
Speaker 2: in one, two in one. We get the two in one.
Speaker 3: It's a we're double threat, right, kind of a shiple
Speaker 3: threat because you got the regular show. It's Focus Friday
Speaker 3: and it's overtime. So who can be right?
Speaker 2: Right? Today's show Focus Friday and Overtime. And the number
Speaker 2: here is six ten three six three eleven ten. We'd
Speaker 2: love to answer your questions and to hear your opinions.
Speaker 2: Six ten three six three eleven ten. Let's get those
Speaker 2: phones lit up.
Speaker 3: That's right, qu those calls cool cats and kittens, let's
Speaker 3: do it now. Mark, We're feeling pretty optimistic today, but
Speaker 3: so are the markets.
Speaker 2: Apparently.
Speaker 3: I saw a recent poll by let's say Investipedia, and
Speaker 3: it showed their latest quarter investors survey showed sixty percent
Speaker 3: of investors say they are optimistic or at least cautiously
Speaker 3: optimistic about the current state of the stock market, and
Speaker 3: no one said they're panicked at all about the current situation.
Speaker 3: That level of optimism is up from fifty percent in
Speaker 3: April and is the highest it's been all year. There
Speaker 3: are still some concerns, though biggest concerns are, of course
Speaker 3: the war in the Middle East, followed by inflation, and
Speaker 3: then overall geopolitical unrest. So a couple questions here, Mark, One,
Speaker 3: do you agree with the general feeling out there of
Speaker 3: I guess cautious optimism? And two, what do we do
Speaker 3: with poles like this? Are they helpful in anyway?
Speaker 2: Nice? Second question, I'll go to the first, though I
Speaker 2: kind of do agree with the polls I think there
Speaker 2: is It should always be cautious optimism in the markets
Speaker 2: because historically the markets over the long term outperform most
Speaker 2: other areas where you could put your money, if not
Speaker 2: all areas. So yeah, you should be optimistic, but you
Speaker 2: got to be cautious because in the short term the
Speaker 2: markets pull back hard at times, they switch on you
Speaker 2: very easily. You know, we always talk about the markets
Speaker 2: being a jungle, a jungle that is out there that
Speaker 2: if you're going alone, there's a good chance you'll be
Speaker 2: eating alive because there's lions and tigers and bearers oh my,
Speaker 2: that are just there. You know, every institutional investor's goal
Speaker 2: is to take your money and make it into theirs,
Speaker 2: so you have to be aware that they're on that.
Speaker 2: And they have hundreds of millions billions of dollars they
Speaker 2: can spend on connecting to the Wall Street, so they
Speaker 2: get a quarter of a second ahead of you on
Speaker 2: any indications. They have servers that are just designed to
Speaker 2: be constantly analyzing every move and everything that goes on.
Speaker 2: So it's it can be a very scary market, so
Speaker 2: we have to be cautious. That way, you combine cautious
Speaker 2: and optimism and you actually have a great market because
Speaker 2: cautious optimism means people aren't chasing the headlines anymore, which
Speaker 2: is good. So it doesn't cause these spikes in the
Speaker 2: market that we've seen over and over again way too often,
Speaker 2: and as such, it also doesn't cause those big valleys either.
Speaker 2: So I like it. I like it. I think it's
Speaker 2: a good place to be. Could that change, Oh sure,
Speaker 2: it could change very easily. All as it would do
Speaker 2: is take some sort of new headline, a new war,
Speaker 2: a new economic situation. Maybe you know, the new Fed
Speaker 2: does something that he's said he wouldn't do, or or
Speaker 2: in alignment with something that isn't who this administration once.
Speaker 2: Who knows what it could be. But anything could cause
Speaker 2: the optimism to go away, and then we'd only have
Speaker 2: cast and people would start pouring into defensive stocks, defensive
Speaker 2: industries and moving into cash, and that could call it
Speaker 2: a huge pullback in the market. Anything could change it,
Speaker 2: or something incredible could come out. Every day we hear
Speaker 2: about AI and the billions upon billions that are going
Speaker 2: into the development of AI. Maybe something good could come
Speaker 2: out of that, and we start saying, like we've seen
Speaker 2: we've seen some companies like Microsoft, who actually is monetizing
Speaker 2: it and starting to see revenues from the spending they're doing.
Speaker 2: But we could see something even bigger than that. We
Speaker 2: actually could see AI starting to cure some disease. We
Speaker 2: could see AI actually helping people to live better lives,
Speaker 2: and that could cause more optimism. Guess what, it's just
Speaker 2: the market. It's a roller coaster, but.
Speaker 3: It is kind of remarkable how generally stable things have been.
Speaker 3: I guess considering all that's going on with the war
Speaker 3: in the Middle East, the whiplash with the tariff, I
Speaker 3: see that Democrats are now suing over those yet again,
Speaker 3: and then of course all the changes with AI and
Speaker 3: the ongoing earning.
Speaker 2: So it is amazing. It's absolutely amazing. That's what we've
Speaker 2: been preaching here since Trump's got in is how quickly
Speaker 2: he stabilized the economy and how resilient it has become.
Speaker 2: Despite the hundreds of thousands of lawsuits that are being
Speaker 2: thrown at this administration just to block up and to
Speaker 2: keep them from being able to move forward with anything,
Speaker 2: despite all the political attacks and rhetoric, despite the anti
Speaker 2: Trump media which is almost all the media, despite the
Speaker 2: war in Iran, despite all that, we have a resilient
Speaker 2: and strong economy and it's getting stronger, and we're just
Speaker 2: in the foundations of what they laid. When you think
Speaker 2: about the nineteen trillion dollars that is being poured into
Speaker 2: the United States to build factories, can you imagine a
Speaker 2: year and a half from now, when these factories are built,
Speaker 2: when these production lines are actually in motion, what it's
Speaker 2: going to be like. It's just incredible. So yeah, I
Speaker 2: think it's a wonderful thing, I think. I think it's
Speaker 2: awesome that we do have such resilient economy, but we
Speaker 2: also have a resilient market. We seem to have enough
Speaker 2: money chasing the stocks that are there that we haven't
Speaker 2: been able to see any major puolback or crash or
Speaker 2: anything like that. So I think it's a wonderful thing. Sam,
Speaker 2: I think you're nailing it there.
Speaker 3: So with these temperature checks, what should we do with them?
Speaker 3: Are they helpful in any way? Or do you think
Speaker 3: there is a cause for concern with them because you
Speaker 3: think people are going to read into them a little
Speaker 3: too much and then, I don't know, do something crazy
Speaker 3: about this data?
Speaker 2: What do you think with what checks?
Speaker 4: Oh?
Speaker 3: These like investor optimism checks, these surveys, Oh, what should
Speaker 3: we really do with them? I'm not opposed to getting
Speaker 3: a temperature check, but I imagine there's a tendency to
Speaker 3: read into them more than what really there.
Speaker 2: Yeah, well they're very limited. For one, you know, it's
Speaker 2: those people who go out to that side are taking it,
Speaker 2: are taking that so but yeah, I think that you
Speaker 2: have to take it with a grain of salt. Salt,
Speaker 2: that's all. It's just another pole, and it's just limited
Speaker 2: and if and how well controlled that pole is, how
Speaker 2: much information they have on the people taking the pole?
Speaker 2: Are they independent? Are they professionals? Are they not? You
Speaker 2: know who they are? What do they represent? We don't know.
Speaker 2: They don't go that deep into it. So it's just
Speaker 2: another conversation piece. It's just another uh uh. It's just
Speaker 2: another piece of media as a carrying agent to sell
Speaker 2: some ads, is what it comes down to.
Speaker 3: All poles are fake, but some are useful, so I'll
Speaker 3: take it. Well, let's let's look at some other data,
Speaker 3: this time coming from the government, so hopefully this isn't
Speaker 3: too fake, although maybe it's a little fake. These are
Speaker 3: the Jolts jobs data. Total number of jobs openings remain
Speaker 3: largely unchanged for the month of July at seven point
Speaker 3: four million, and hires were also unchanged at five point
Speaker 3: three million. Meanwhile, ADP showed private companies added forty four
Speaker 3: thousand jobs in July. That is a small slowdown from
Speaker 3: the month before of ninety five thousand. So what do
Speaker 3: we make with this job's data.
Speaker 2: Well, it's the incore encouraging part. Its wages, the number
Speaker 2: jobs forty four thousand or down from ninety five thousand. Again,
Speaker 2: this is very short term trends. Of course, as we
Speaker 2: get as the economy continues to be more and more productive,
Speaker 2: we should see more and more jobs come in. But
Speaker 2: that doesn't mean we can continue to hire as many
Speaker 2: people always because we run out of people eventually, right,
Speaker 2: so we ought to be seeing jobs slowing a new
Speaker 2: hires slow down. That doesn't bother me. What encourages me
Speaker 2: is the wages. When we see pay increase four point
Speaker 2: four percent, uh and inflations at at what three point
Speaker 2: four percent, it's in the three three five yeah, yeah, yeah,
Speaker 2: that means that wages are growing faster than inflation, which
Speaker 2: means people are doing better. And when we see seven
Speaker 2: percent for those people who real wage are are, when
Speaker 2: we see seven percent in wages growth for those who
Speaker 2: are switching jobs, I think it's said. What what that
Speaker 2: means is that we really have real wage growth substantially
Speaker 2: better inflation rates three point five yeah. So we see
Speaker 2: for those people who are moving from one job to
Speaker 2: another right now, who are finding better opportunities, they're doubling
Speaker 2: their uh, the the ability to outpace inflation. So that's
Speaker 2: an incredible thing. I love it. I think it's very
Speaker 2: pos I said, as long as real wage growth stays
Speaker 2: ahead of inflation, stays positive, it's a wonderful thing.
Speaker 3: I like wonderful things. And wonderful thing is that it's
Speaker 3: Focus Friday.
Speaker 2: Steve.
Speaker 3: We do see you in the call queue there. We'll
Speaker 3: get to you after this short break.
Speaker 2: In fact, that's the first thing we'll do, is get
Speaker 2: with Steve and anybody else who's in the queue. And
Speaker 2: the number here is six ten three six three eleven ten.
Speaker 2: That's six ten three six three eleven ten. This is
Speaker 2: Focus Friday, and we do have overtime. Light up those phones, people,
Speaker 2: Welcome back to everyone. This is financial issues. I'm Mark Manilla.
Speaker 2: Sam Case is in the control room. Here's some of
Speaker 2: those buttons, moving those faders and making sure the show
Speaker 2: goes off real well, along with the crew behind the scenes. Right,
Speaker 2: that's right.
Speaker 3: And I'm looking at Grant over there. He's doing a
Speaker 3: fine job as he does every day. Mark and his
Speaker 3: Focus Friday. So why don't we go to the phones
Speaker 3: we have Steve in Iowa. I want to go to that.
Speaker 5: Sure.
Speaker 2: Welcome Steve, Glad you're with us today. What's on your mind? Yeah?
Speaker 4: Can you hear me?
Speaker 2: Yeah, I can hear you. Okay.
Speaker 6: One of the sucks on our BIA list is an
Speaker 6: aggressive tech play. I don't know if you want me
Speaker 6: to say the symbol on the air, it's fine, It's fine, okay, Okay.
Speaker 6: App Apple Love In Corporation. It felt like a rock
Speaker 6: yesterday and the fact that it dropped part is part
Speaker 6: of the stock. It's an aggressive play. Got that, but
Speaker 6: several analysts downgraded it immediately before open yesterday or overnight,
Speaker 6: and there's a kind of a general text selloff which
Speaker 6: over the past two days, especially yesterday, So I was
Speaker 6: curious if you're still behind that stock or if your
Speaker 6: opinion of it has changed based upon very very recent news.
Speaker 2: You know, it's still a bye absolutely, But this is
Speaker 2: a good reminder that even great growth stocks can get
Speaker 2: punished when expectations get too high, and that's what's what's
Speaker 2: happened with us. But over the long term, it's still
Speaker 2: a good looking stock. App Loving and grew revenue fifty
Speaker 2: three percent, earnings more than sixty percent, and continues to
Speaker 2: produce Enorman's cash flow. So you know, after the twenty
Speaker 2: percent sell off, the valuation has fallen roughly I don't know,
Speaker 2: eighteen times forwards earnings. That's not bad. I'm going to
Speaker 2: maintain it as a bye. But you know, from a
Speaker 2: technical point of view, after breaking the fifty and the
Speaker 2: two hundred movent average, I build positions gradually until we
Speaker 2: see actually the trend turnaround right now. So I like it.
Speaker 2: I think it's still a very strong stock. It's got
Speaker 2: the steal it needs, and it's got the potential. What
Speaker 2: happens is it got ahead of itself, as so many
Speaker 2: of the stocks in the technology area have have happened,
Speaker 2: especially in the AI area. Steve, but this could be
Speaker 2: a better buy in point for new money. But I
Speaker 2: wouldn't jump in too hard until it stabilizes just a
Speaker 2: little bit.
Speaker 4: Well.
Speaker 3: Unfortunately, have it labeled as aggressive right mark exactly because
Speaker 3: we're going to see those swings Unfortunately, Steve.
Speaker 2: What happens is with a pullback like that and app
Speaker 2: we might see a bunch of institutional investors jump in
Speaker 2: real hard and see it shoot through the ceiling again.
Speaker 2: So expect a lot of volatility out of the staff.
Speaker 2: Eventually it will grow into a young company that that
Speaker 2: really stabilizes it a little bit more. But I find
Speaker 2: it to be still a bye did that help any Okay, yeah,
Speaker 2: it does.
Speaker 6: Okay, I know if what happened in the last two
Speaker 6: days had changed that, especially when I see a bunch
Speaker 6: of other analysts, I know you have to take them
Speaker 6: with a grain of salt. But when a bunch of
Speaker 6: people say the same thing, you wonder if they know something.
Speaker 2: Well, yeah, you know, we can go out to multiple
Speaker 2: sites and look at it. And but the first thing
Speaker 2: to really look at is you know, there's the four
Speaker 2: step process that that we use, and that of course
Speaker 2: that breaks down to hundreds of other steps. But each step,
Speaker 2: the first step is the is a b R I compliant?
Speaker 2: This still is Praise God, we can analyze it. Then
Speaker 2: we want to look at the financial as steal, what's
Speaker 2: going on in the balance sheet and the income statements.
Speaker 2: Those are looking pretty good here, and then we can
Speaker 2: go into looking at its potential. In those kinds of things.
Speaker 2: There's just a lot to look at. But overall it's
Speaker 2: still nothing's really changed in it. Just the analysts changed
Speaker 2: their opinion a few analysts. Let's restate that a few
Speaker 2: analysts change their opinion. If you go out, I'm sure
Speaker 2: you could find just as many who love it, and
Speaker 2: especially now said that it pulled back the twenty percent.
Speaker 1: Okay.
Speaker 2: In fact, in fact, I'm just clancing at a couple
Speaker 2: of sites here, I'm seeing by strong by hold. I'm
Speaker 2: not seeing any cells on it. What analysts? Where were
Speaker 2: you looking?
Speaker 6: I didn't actually look at a particular analyst site. What
Speaker 6: it was is kind of an aggregator site that will
Speaker 6: show you data at a glance. And the four or
Speaker 6: five of them had issued a downgrade. Now it's a
Speaker 6: relative downgrade, so if there were a strong, they might
Speaker 6: come down to a buy or something like that. Nobody
Speaker 6: was putting out an aggressive cell.
Speaker 4: Ah.
Speaker 2: Yeah, in fact, that's what I mean. We may see
Speaker 2: a money dumping back into this in the next week
Speaker 2: or so. Who knows, you know, Analysts have all the reasons.
Speaker 2: Some are tech technicians, some are fundamentalists, depending on who what,
Speaker 2: some are a combination of both. So we're going to
Speaker 2: see all sorts of pulling. I do believe that this
Speaker 2: stock does have some potential to maintain this roller coaster
Speaker 2: at a high level. So if you're not, if you're
Speaker 2: someone who doesn't sleep night well at nights with dips
Speaker 2: and peaks and valleys, this wouldn't be the stock for you.
Speaker 2: Otherwise it still has long term potential. So good catch, Steve,
Speaker 2: and good catch pointing out that this might be a
Speaker 2: good time to be looking at it since it's pulled
Speaker 2: back and it's peas they're getting in the line things
Speaker 2: like that. Yeah, thanks so much, Steve. That was great.
Speaker 2: God bless you, sir. Yeah.
Speaker 3: I'm looking at the aggregate for app love and right
Speaker 3: now I'm seeing like six strong buys, twenty one buys,
Speaker 3: and five holes no cells, So you know, take it
Speaker 3: with a grain of salt, though, do you How should
Speaker 3: we think about analysts recommendations. Is it just kind of
Speaker 3: more noise out there? I mean maybe if they all
Speaker 3: shift in one direction at one time, does that mean something?
Speaker 2: Or well, so much. There are some great analysts out there,
Speaker 2: and what makes them great is when I agree with
Speaker 2: them and then there's the rest, right.
Speaker 3: Because then you know they know what they're talking about.
Speaker 2: No, there actually are people who are logical on it,
Speaker 2: who make sense. You know, there's some analysts who just
Speaker 2: look at the financial issues steal. Now. You know, there
Speaker 2: are great businesses out there, meaning they're solid, they have
Speaker 2: great free cash flow, they have all they're low dat,
Speaker 2: they have all sorts of wonderful, great great revenues, great
Speaker 2: great returns. You know, rois on their capital, and yet
Speaker 2: they're going nowhere. But those analysts who relly totally on
Speaker 2: that will say, this is a great company, jump into it. Well,
Speaker 2: if it's not going anywhere, if for some reason people
Speaker 2: don't care, if it's if it's a well run company,
Speaker 2: if it's it has financial steal, it just doesn't matter,
Speaker 2: because we invest for the return, the total return. The
Speaker 2: total return includes how hopefully that company is improving society
Speaker 2: as well. But then there's the analysts who are technicians
Speaker 2: who don't care what the company does, whether it has revenues,
Speaker 2: whether it has products. They don't care anything about that.
Speaker 2: It's just is a fifty over two hundred? Is is
Speaker 2: the price above both of those? Is? Blah blah blah
Speaker 2: blah blah. You know, what's going on with the relative strength,
Speaker 2: what's going on with the momentum, And they just look
Speaker 2: at the charts and they try and extrapulate from that.
Speaker 2: They don't care about anything else. They could be wrong too,
Speaker 2: because though even though they could say, well we got
Speaker 2: a good trend, and all this trends in and turn around,
Speaker 2: and if they don't have any financial steal to hold
Speaker 2: them up. Those trends turn around faster and they drop harder.
Speaker 2: So a combination of those are really important.
Speaker 3: You want something that's a good company and a good stock,
Speaker 3: because it doesn't matter.
Speaker 2: If it's a really good company, it has a stock
Speaker 2: wrong business with a lot of potential. Now there's a
Speaker 2: lot of people say, well, this has a lot of
Speaker 2: potential because it's an AI. No, that doesn't give it potential.
Speaker 2: That gives it hype. What gives it potential If you
Speaker 2: have one, two, three years of contracts that can take
Speaker 2: up all your production for the next three years. That's potential.
Speaker 2: That's measurable potential. That's potential with receipts. That's what we
Speaker 2: really like to see. If it has that and it
Speaker 2: has financial steel, there's a good chance that stock is
Speaker 2: going to continue to climb. It doesn't mean it won't
Speaker 2: pull back. Yeah yeah again, a right roller coaster. Right.
Speaker 2: The number here is six' ten three six three eleven.
Speaker 3: Ten, well it is still, Focused Friday. Mark so let's
Speaker 3: move on to some. Questions. Here we Have ralph who's
Speaker 3: age sixty. Five he says he's new to investing and
Speaker 3: is a new. Partner now he hasn't happened yet to get,
Speaker 3: dividends But fidelity had asked how he wanted dividends to be.
Speaker 3: Handled with, dividends SHOULD i take cash for me to
Speaker 3: direct or set my account to auto reinvest in that?
Speaker 3: STOCK i think it should be cash to, direct as
Speaker 3: the stock may not be on the by list.
Speaker 2: Anymore so what do you, Think? MARK i Think ralph's
Speaker 2: thinking very strongly and. Straight that makes total. Sense you,
Speaker 2: know treat, treat BUT i also would treat dividends differently
Speaker 2: based on where they. Originate for, example individual stocks mutual
Speaker 2: fund ETFs don't necessarily require the same dividend, elections so
Speaker 2: the decision to reflect both the investment and the purpose
Speaker 2: of the. Account individual stocks generally take the dividend in.
Speaker 2: Cash that's my feeling for the same, reason And ralph.
Speaker 2: Has ralph's concerns. Legitimate the stock may no longer be
Speaker 2: on the by, list or it may be overweighted already
Speaker 2: in your, Portfolio so why would you want to reinvest
Speaker 2: in it when you could take those dividends and plant
Speaker 2: them elsewhere into some other type of growth stock and
Speaker 2: expand the diversification you Had when it comes to dividends
Speaker 2: for ETFs and mutual funds not so much the same.
Speaker 2: Thing because EVERY, etf every mutual fund has somewhere between
Speaker 2: ten and one thousand stocks in. It, okay so you
Speaker 2: already have the diversification in there when they when a
Speaker 2: dividend is reinvested in THE, etf what you, know let's
Speaker 2: say there's one hundred stocks in, there one one hundredth
Speaker 2: of that dividend goes into every one of those, Stocks
Speaker 2: so it's divided up into the diversification. Already the final
Speaker 2: THING i think about on This ralph, is, uh what
Speaker 2: what is the need for the? Dividends if you are
Speaker 2: the income do you have any income? Needs if you have, income,
Speaker 2: obviously all that conversation we just had goes, away and it's,
Speaker 2: like take the dividends in cash and put them in
Speaker 2: your checking account to help you live the life that
Speaker 2: you believe That god desires for. You OTHERWISE i would
Speaker 2: follow exactly the direction you're going with your, dividends except
Speaker 2: for consider if you have ANY etf some mutual, funds
Speaker 2: to go ahead and just have those reinvested in.
Speaker 3: There, yeah there's something out cash too that just gives
Speaker 3: you that, control which is WHAT i.
Speaker 2: Like, well it's good to have that. Control LIKE i,
Speaker 2: said if you have a stock you bought in at
Speaker 2: the right price and it's, grown and why do you
Speaker 2: want your dividends to expand something that might be properly
Speaker 2: weighted or overweighted. Already you want the control to be
Speaker 2: able to redeploy those. Elsewhere so that's WHAT i would
Speaker 2: do with, Those AND i Think ralph brings up a
Speaker 2: good question when you're thinking about. It every item you
Speaker 2: put into your portfolio at every BROKERAGE i, know allows
Speaker 2: you to determine what to do with that, dividend whether
Speaker 2: it's a, stock whether it's a mutual fund or AN.
Speaker 2: Etf so you can, choose and it's good to. Choose
Speaker 2: having choice is one of the keys to developing wealth
Speaker 2: and being in control those choices and having a systematic
Speaker 2: plan for executing. Those number here is six' ten three
Speaker 2: six three. Eleven ten It Is, focus friday and we
Speaker 2: would love to be answering. Your question let's go ahead
Speaker 2: and light up. The phone we have a few more
Speaker 2: areas on the phone that could be. Lit up if
Speaker 2: you have to, leave us sorry to see, you go
Speaker 2: but remember you can catch the full Show At financial
Speaker 2: issues Dot org Monday through friday at nine am style
Speaker 2: pound two point fifty and say The keyword welcome. Back
Speaker 2: everyone This Is financial issues and we're having a fun
Speaker 2: day here as we answer your questions and look at.
Speaker 2: The markets why don't you give us an update on?
Speaker 5: The?
Speaker 2: Markets? There sam are you?
Speaker 3: With? Me buddy there. WE go i just wanted to
Speaker 3: keep the suspense. Going, on mark, just yeah?
Speaker 1: Why?
Speaker 2: Not yeah? Why Not.
Speaker 3: It's friday things need to. Be exciting so the Market's
Speaker 3: on Thursday The dow jones down point eight, FIVE percent
Speaker 3: smp down point One eight nasdaq down basically flat it
Speaker 3: was point zero six And the russell two thousand down
Speaker 3: point five, Eight percent so a little negative throughout the,
Speaker 3: whole day but nothing, too Crazy, right mark nothing?
Speaker 2: Too crazy and today the. Same thing we're seeing the
Speaker 2: markets open up pretty pretty flat For the dow and
Speaker 2: up about zero point three percent FOR, the smp But
Speaker 2: the nasdaq seems to be jumping ahead pretty strong at,
Speaker 2: one percent a little bit over. One percent good news
Speaker 2: is crud's down, again today what crude oils? Is down
Speaker 2: golden gold and precious metals seem to. Be up so
Speaker 2: all the colors are correct today are mostly it's.
Speaker 3: The right mix Of the, christmas, colors right, that's, right,
Speaker 3: Yes right so If, Folks friday we're going to continue with,
Speaker 3: our questions but, BEFORE that i do want to tell
Speaker 3: you about our friends Over At. Samaritan, ministries guys if
Speaker 3: you're tired of all the nonsense that goes on with,
Speaker 3: traditional insurance Go to samaritanministries. Dot Org Christian health sharing
Speaker 3: The way it's meant. To be learn more about That
Speaker 3: at samaritanministries. Dot org highly. Recommend. Them mark let's get
Speaker 3: to some. Questions, here pete age, sixty six wants to
Speaker 3: know More About. Social, security here, he says if a
Speaker 3: married couple is about the, same, age healthy and they
Speaker 3: have normal, life expectancies and the higher earner will Start
Speaker 3: Taking social security payments at age, sixty seven then what
Speaker 3: should the lower earners start taking? Payments at or then
Speaker 3: when should they start? Taking, PAYMENTS well.
Speaker 2: I generally have the lower earn er wait until age.
Speaker 2: Sixty seven they would then file when the higher. Earner
Speaker 2: files and this assumes they're approximately the, same age both,
Speaker 2: are healthy both have normal, life expectancy and they don't urgently.
Speaker 2: NEED income a spouse cannot collect a spousal benefit until
Speaker 2: a higher earner spouse is Received. Social security so that's
Speaker 2: very important. To know when we say. Spousal benefit what
Speaker 2: we're talking about is if if one of the if
Speaker 2: the major earner in the in, the family if there's
Speaker 2: a major earner the other the spouse may not have
Speaker 2: as high there's. A benefit let's just say they. Never
Speaker 2: worked maybe the spouse, never worked so they can take
Speaker 2: up to fifty they can take fifty percent of the
Speaker 2: person who was the higher earner's income if They're. Social
Speaker 2: security if they did work and There's social security benefit
Speaker 2: is in equal to the, fifty percent then they can
Speaker 2: take theirs and they get a bonus up to bring
Speaker 2: it up to the. Fifty percent so THAT'S why i
Speaker 2: say we wait till full retirement age for that for
Speaker 2: the first earner and the end. The second on that
Speaker 2: very cool hope That.
Speaker 3: Helps pete moving on down To gene jen's and newbie
Speaker 3: brand new to investing and has been heavily influenced by.
Speaker 3: Financial issues, they said without an advisor and Without Contacting,
Speaker 3: timothy plan we Bought Some timothy israel mutual funds about
Speaker 3: a month Ago. Through vanguard we've also since subscribe to.
Speaker 3: Financial issues we wondered if you know of a fund
Speaker 3: that includes all or most of the equities on your,
Speaker 3: buy list, or alternatively would we have to buy each?
Speaker 3: Stock separately and, if so how much of each do people?
Speaker 3: Typically buy? To start vanguard likely has minimums and charges
Speaker 3: per transaction for each equity on the.
Speaker 2: Buy list so we got a newbee here and they're
Speaker 2: looking for. Some, Help, mark yeah do, You, know no
Speaker 2: there is no fun that covers are and we don't.
Speaker 2: Offer funds, you know. We don't we don't, do that
Speaker 2: at least at. This, point no we don't. Do that
Speaker 2: so there's no fund that covers our. By lists but
Speaker 2: a lot of the of a lot Of The timothy
Speaker 2: plan funds will carry similar or the same stocks or
Speaker 2: some of the stocks that we cover and that we
Speaker 2: say are on The buy and obviously they'll also have
Speaker 2: other stocks that we don't have on our, by list
Speaker 2: all of them both With The timothy plan and us
Speaker 2: will be. Biblically responsible, but no there's no one fund
Speaker 2: designed to duplicate our buy opinion. Lists exactly so, so no.
Speaker 2: THERE'S not i guess that's the best way to say
Speaker 2: it was the. Second half what was the second half of.
Speaker 3: The, quest well it was a question about buying, Individual
Speaker 3: equities so, they said would we have to buy each
Speaker 3: stock separately and so? How much and then they want
Speaker 3: to KNOW about.
Speaker 2: I guess charges for. Buying, those yeah so there might
Speaker 2: be a better way if a lot of people like to. Use,
Speaker 2: Ets well timothy plan does have ETFs that you. Could
Speaker 2: use so you could get a, very high highly diversified
Speaker 2: portfolio just, Using ets timothy plan ets and mutual funds
Speaker 2: Like The Israeli Common values fund if you, wanted to
Speaker 2: and there's nothing wrong. With that you have systematic professional
Speaker 2: management on those and you'd have. Great diversification and then
Speaker 2: you only need to buy three or four things to
Speaker 2: get your, allocation proper maybe five or six at, the
Speaker 2: most but instead of thirty to forty. Different things so
Speaker 2: you might look, into that and you can do that
Speaker 2: by going into the partner hub looking at the, fund
Speaker 2: allocation not the all, asset allocation and the fund allocation
Speaker 2: will list the different funds to invest in, there So
Speaker 2: AND vanguard i believe carries most Of The timothy. Plant
Speaker 2: funds that was.
Speaker 3: Going to be my recommendation, as well is look at the,
Speaker 3: fund models very easy. To use they're going to hold
Speaker 3: your hand a little bit more than going through. The
Speaker 3: EQUITIES so i think that should take care of all
Speaker 3: the problems and concerns that they're.
Speaker 2: Worried, About, mark.
Speaker 3: Absolutely, well mark let's go back to. THE phones i
Speaker 3: think We have oscar Calling. From california do you want
Speaker 3: to Go? To oscar let's.
Speaker 2: Do That, Welcome oscar glad you're with. Us today what's on?
Speaker 5: Your?
Speaker 2: Mind?
Speaker 4: Hi, mark morning. Good, morning yeah my question is.
Speaker 7: Do you still recommend to open a retirement account to
Speaker 7: someone who's going to retire soon within like one or?
Speaker 8: Two, years okay there's applications where that would, still work
Speaker 8: and there's applications where what, for example if you're going
Speaker 8: to retire in one or two years and everything you.
Speaker 2: Have invested or if you don't have any investments, at
Speaker 2: all but you have, your yeah maybe some sort of
Speaker 2: pension or FOR. ONE k I guess i need to
Speaker 2: know MORE before i could, answer that because the First
Speaker 2: thing i'd, recommend is if you don't need all, your
Speaker 2: money you could open up a wroth and it could
Speaker 2: be opened up with very little money to get invested
Speaker 2: and start the five year time frame, on that so
Speaker 2: that you get past the five years with. A roth
Speaker 2: if you open, a rock you have five years or
Speaker 2: to fifty nine and, a half whichever, is longer before
Speaker 2: you can start taking any of the gains out of
Speaker 2: that without taxes. Or, penalties okay so what you want
Speaker 2: to do is get that wroth, opened up even if
Speaker 2: with what a couple, hundred dollars so that it starts.
Speaker 2: That clock then you. Can start if you have extra
Speaker 2: moneies every year you can be contributed that you don't
Speaker 2: need for your personal income to support, your lifestyle you
Speaker 2: could start contributing. TO that i believe it's around seven.
Speaker 2: THOUSAND dollars i have. To check it might be a
Speaker 2: little more now for. Somebody older but you could contribute that,
Speaker 2: to it and that then will read you of those
Speaker 2: taxes for the future when you have no income. And
Speaker 2: whatnot but if you need, the, money obviously it doesn't
Speaker 2: make sense to be putting it in and tying it
Speaker 2: up in any way in a wroth or an ira
Speaker 2: that you're gonna if you're gonna have to take the
Speaker 2: money out right. Away anyway so tell me about. Your situation,
Speaker 2: you're retiring in a couple. Of years, let's say do
Speaker 2: you have a four OH one k or other retirement
Speaker 2: account somewhere that you're going to be utilizing to help offset?
Speaker 2: Your lifestyle.
Speaker 4: Probably not just Maybe On social security.
Speaker 7: And, some savings, but okay that's only the only. Two sources,
Speaker 7: AND yeah i guess she wouldn't pull money within those.
Speaker 4: TWO years, i mean like she still has, some savings,
Speaker 4: you know maybe.
Speaker 2: Now you're saving short term savings just there for emergency
Speaker 2: fund and to cover expenses that come about during. The
Speaker 2: year or is, it large like, you know we have
Speaker 2: a money market where we have hundreds of thousands.
Speaker 5: OF dollars i would, say PROBABLY like i, don't know
Speaker 5: maybe fifty to, sixty, okay, sixty, Yeah Yeah.
Speaker 2: So i'd be very careful at this point about moving
Speaker 2: it into a rock because you may need, that, money,
Speaker 2: right yeah so be. Very careful but if if you've
Speaker 2: already calculated the moat around, your castle if you already
Speaker 2: know what the occasional expenses are that you're gonna have
Speaker 2: to pick up throughout, the year and you have, you
Speaker 2: know let's just say that comes out to twenty thousand,
Speaker 2: a year it wouldn't hurt to get the other half of,
Speaker 2: that invested possibly in an income portfolio that has somewhere
Speaker 2: around to forty, percent growth and the rest is an
Speaker 2: income producing assets to help you with the income from
Speaker 2: that help offset your lifestyle moving into. The retirement.
Speaker 7: And so that would be probably an income model.
Speaker 2: Or, GROWTH yeah i would use the income. Asset model
Speaker 2: since you only have two years and you wanted to be,
Speaker 2: well diversified which it, WOULD be i would use the at,
Speaker 2: THAT amount i would use the fund asset allocation model,
Speaker 2: for that and that should help you to move in.
Speaker 2: That direction if you want to stay on the, Phone
Speaker 2: here i'll talk to you during the break here. As
Speaker 2: well to finalizis six ten three six three. Eleven ten
Speaker 2: This Is. Focus friday this is for. Your calls we'll
Speaker 2: be right back after this, short break looking forward forward
Speaker 2: to talking To.
Speaker 9: You tom the opinions and recommendations expressed on this program
Speaker 9: do not necessarily represent.
Speaker 2: The opinions of the station or any of the.
Speaker 3: Program, sponsors additionally all products or services offered by the
Speaker 3: program sponsors may not be known by. The program.
Speaker 2: Welcome back this is last segment, before overtime and we
Speaker 2: Still have oscar. With us oscar during, the break you're
Speaker 2: asking me if you had longer than a couple, of
Speaker 2: years like if you had four or, five YEARS would
Speaker 2: i consider? A, ROCK yeah, i would because you can
Speaker 2: always take the money you contributed to the wroth out.
Speaker 2: Without penalty you just can't take the gains on it
Speaker 2: out if you're over fifty nine and. A, half okay,
Speaker 2: so yeah then in, that case if you're like four
Speaker 2: years or five, years out you're pretty, much close and
Speaker 2: maybe just the contributions alone would cover whatever you need
Speaker 2: to pull out the, first year and then you have
Speaker 2: access to all the gains. As well, all right hope, That.
Speaker 3: Helps oscar if you have, more questions feel free to
Speaker 3: call Back on monday six ten three six three. Eleven
Speaker 3: ten also you can Email us sam at financial issues
Speaker 3: dot org accept at financial issues Dot, orgon well we'll
Speaker 3: take care. Of that so thanks so much for calling
Speaker 3: in Today, and oscar thank you for, calling in but
Speaker 3: thank you for Loving the lord and wanting to be
Speaker 3: a great steward what he's given.
Speaker 2: TO you i pray your retirement goes well and congratulations on.
Speaker 2: Getting there it's.
Speaker 3: Exciting, Stuff, yeah mark more questions in. The queue We
Speaker 3: have judith here She's. From texas she wants KNOW, about
Speaker 3: BEPY which i just love, to, say bepy that's so
Speaker 3: much fun. To say so she wants to know since
Speaker 3: the issue WE'RE new, P, six yes THE new, p
Speaker 3: six but more fun to SAY than. P six, Well,
Speaker 3: RIGHT well Bepy, is canadian and the question here is
Speaker 3: besides can we forgive them For?
Speaker 2: Being, Canadian no i'm.
Speaker 3: Just joking she wants to Know about canadians withholding taxes
Speaker 3: and how that applies to bepy's interest payments and, if
Speaker 3: so could that be put into a wroth at.
Speaker 2: A disadvantage i'm reading the. Question here judas Is, In.
Speaker 2: Argyll texas She's, not canadian and that's, very important by,
Speaker 2: the WAY because bepy payments should not be Subject to
Speaker 2: canadian withholding tax FOR ordinary. Us investors canada generally exempts
Speaker 2: interest paid to unrelated arms length non residents who are buying,
Speaker 2: into it and DPIs even offering documents even say that
Speaker 2: they uh that the notes should be treated as Debt
Speaker 2: under canadian law with no withholding on. The interest, so
Speaker 2: uh that's what they're. Telling us there's also there's there's
Speaker 2: also the thing that there's a provision intended to compensate
Speaker 2: investors with additional Amounts of canadian withholding wherever to. Be
Speaker 2: required so there's a lot of different things in there
Speaker 2: that say. It's good but one of the things WITH
Speaker 2: bp i, is, that uh because it's a perpetual and
Speaker 2: has no scheduled, maturity date the way THE i r
Speaker 2: s and Maybe the CANADIAN i r s they can
Speaker 2: always change their mind is what is what it comes.
Speaker 2: Down to SO currently i don't see it as an, Issue,
Speaker 2: THOUGH judith. I don't i don't see any any reason
Speaker 2: to be concerned. About that.
Speaker 3: Cool help hope That. Helps judith moving on to a
Speaker 3: pretty juicy One. From john he wants to know what
Speaker 3: are your thought on leasing? A. Car now i've known
Speaker 3: some people who have Leased cars mark and they seem to. Really,
Speaker 3: like well it's kind of a. Split thing i've known
Speaker 3: some people who really like it and other people who
Speaker 3: think it's a. Terrible idea what do?
Speaker 2: You, think actually leasing is just a different way to finance.
Speaker 2: A car the bottom line is they're using a denominator
Speaker 2: or a multiplier to figure out what they need to
Speaker 2: charge you based on estimated what the car is going to,
Speaker 2: be worth and after the timeframe of the lease, runs
Speaker 2: out they need to, recover that they need to recover,
Speaker 2: their profits they need to, recover everything and based on
Speaker 2: that they come up with your. Lease payment sometimes those
Speaker 2: lease payments are less than what you could get by financing,
Speaker 2: the car but that's only because they estimated that the
Speaker 2: mileage and the depreciation is going to. Be less if
Speaker 2: you go over, that mileage then they start charging. You
Speaker 2: more so there's a lot of moving lovers in a
Speaker 2: lease that aren't in your. Regular loan, and secondly at
Speaker 2: the end of, the least the only only thing you
Speaker 2: have there after the lease is over is the need for.
Speaker 2: Another car, at least if you're buying the car and
Speaker 2: you're paying for it even with, the loan which obviously
Speaker 2: a lot of, people do you at least have the
Speaker 2: vehicle to continue to drive for years, after that which
Speaker 2: then makes the value of having bought it so. Much
Speaker 2: better even though this is a, depreciating asset it's still
Speaker 2: an asset at the end of a purchase instead of.
Speaker 2: A lease now are there times when it, makes sense
Speaker 2: least in, A, VEHICLE well i guess, there ARE but
Speaker 2: i haven't really found one outside of convenience or the
Speaker 2: love of the new, Car smell so, you know take
Speaker 2: that for what it. Is worth the lower payment doesn't
Speaker 2: tell the. Whole story remember you also if you're going,
Speaker 2: To compare and most leases are much more smaller obviously
Speaker 2: or shorter than a car. Loan is so, right now
Speaker 2: the average CAR loan i think they're saying is five
Speaker 2: and a half years up to six, years now and
Speaker 2: the average lease is somewhere around twenty. Four months so
Speaker 2: obviously the lease amount could be subs could be less
Speaker 2: because they get the asset and you're not paying for the.
Speaker 2: Whole asset you're paying for, the depreciation profits and the
Speaker 2: interests that they the time value of money that they
Speaker 2: have to. Account FOR so i. DON'T know i do
Speaker 2: KNOW what i feel And what i've seen over the
Speaker 2: ages is that most leases do not are just another
Speaker 2: way to finance, a car and at the end of
Speaker 2: the lease you get to refinance it again if you
Speaker 2: want to lease it or if you want to. Buy
Speaker 2: it so it's just another way to borrow money against.
Speaker 2: Your car if you're going to stay within the ten
Speaker 2: thousand miles or the seventy five hundred miles. Or whatever
Speaker 2: the least calculation is usual for, your mind and that
Speaker 2: least amount is way lower than your. Car payment and
Speaker 2: you and you like the idea of your car always being.
Speaker 2: UNDER warranty i don't know if you barely drive, THE
Speaker 2: car i guess that's an okay way to. Do it
Speaker 2: the best way to do it is to save up
Speaker 2: and buy. A car i once wrote a little Book
Speaker 2: called How to Lose A, million dollars and one of
Speaker 2: the areas in it was buying or. Leasing cars AND
Speaker 2: when i, SAY buying, i, mean uh actually going in,
Speaker 2: and borrowing going into debt for. A CAR and i,
Speaker 2: on average at, that time the average person was our
Speaker 2: new people were buying cars on average every three and a.
Speaker 2: Half years are?
Speaker 3: You?
Speaker 2: Serious, yeah wow that was, the average the average.
Speaker 3: Car or just getting over, brand new.
Speaker 2: Brand, new yeah so that that was kind. Of CRAZY
Speaker 2: but i went out to five YEARS and i showed
Speaker 2: if you just kept the car that you, have now
Speaker 2: let's say it's five, years old or and you put
Speaker 2: money into it to make it. Like NEW and i
Speaker 2: actually put gobs of MONEY and i went and had,
Speaker 2: you know. A postry, YOU know i got prices for,
Speaker 2: a postery assuming there was a rip in a seed and,
Speaker 2: you know getting a new paint job because there was issues,
Speaker 2: with it and making sure all the mechanics were brought up,
Speaker 2: to date and then getting a loan for that amount
Speaker 2: and putting the difference between the loan for that those
Speaker 2: few thousand dollars that you put into that car compared
Speaker 2: to a new car loan away for, five years and
Speaker 2: then buying a car with, that money a brand, new
Speaker 2: car and then putting the. Money away you would have
Speaker 2: finance for that and after so, many years you had
Speaker 2: hundreds of thousands of dollars in the bank and you've
Speaker 2: been driving a new car every five to. Ten years
Speaker 2: so when you finance a car or, lease it you're
Speaker 2: actually sending money to other people to help them. Create
Speaker 2: wealth as the bottom dollars if you're financing it, or
Speaker 2: least you could save hundreds of thousands of dollars over
Speaker 2: your lifetime by just holding on to a car for
Speaker 2: ten to fifteen years and keeping up the maintenance.
Speaker 3: On it and, pro tip if you're really into the new,
Speaker 3: car smell they do sell a spring sound that just
Speaker 3: lets you have that smell if you're.
Speaker 2: Into it so absolutely, Absolutely.
Speaker 3: Well mark i'm not sure if we can squeeze in
Speaker 3: another question, Just yet but there's. Good news usually this would,
Speaker 3: be sad we Wouldn't, have.
Speaker 2: Well, let's see well we could. Do it let's Look At, Joseph's.
Speaker 3: Okay Joseph, And cecilia jay and c they save a
Speaker 3: friend who's, very wealthy not Living the. Christian life but
Speaker 3: they've encouraged this person to LISTEN to fim and they
Speaker 3: want to know if it's okay if this Person non
Speaker 3: christian would become.
Speaker 2: A member i love this question and the answer. Is,
Speaker 2: yes absolutely all are. Welcome here financial issues ministry is
Speaker 2: where people can hear the Truth of god's word and
Speaker 2: learn how that truth should shape every part of, our
Speaker 2: life inclusion st wardship of money. And possession where else is?
Speaker 2: Somebody gonna where else was someone who is not living
Speaker 2: a Crew? For christ here the message of salvation and
Speaker 2: see what it looks like when believers seek to live out.
Speaker 2: Their faith Being around christian doesn't, save them but it
Speaker 2: can be a place where a person hears the costa,
Speaker 2: Will taught biblical, wisdom shared and faithful stewardship. Is modeled
Speaker 2: so your friend is welcome here no matter what his
Speaker 2: spiritual situation should be. Our hope our goal is that
Speaker 2: by hearing and seeing, the truth that he'll be drawn to.
Speaker 2: The light, so, yeah, absolutely yes and we'd love him to,
Speaker 2: join us and we'd love them to come on board
Speaker 2: and see what it really means to Be a christian
Speaker 2: because of people like you and all of our partners
Speaker 2: who Love the lord and have decided to show the
Speaker 2: world that by the way they live out, that truth
Speaker 2: by being, a steward by making every decision they make
Speaker 2: based on a foundation of how what does this Honor
Speaker 2: my God. And savior when people see that, in action
Speaker 2: it draws them to it and they want to know,
Speaker 2: the truth and they want a savior like, our savior
Speaker 2: and of course it's their savior. As WELL and i
Speaker 2: don't think anybody here at, financial issues whether internally or
Speaker 2: as partners are would be a shame to share that.
Speaker 2: With them and they're going to hear, it anyway and
Speaker 2: they're going to see how normal it is to live,
Speaker 2: a joyful happy Life. Pursuing christ thank you so much For,
Speaker 2: Loving god thank you for showing it in the way
Speaker 2: that you invest with. Biblical integrity but don't go away
Speaker 2: because it's overtime and just, ABOUT oh i, don't know.
Speaker 2: One minute stay. With us we look forward to focusing
Speaker 2: on your questions and having a good time and overtime
Speaker 2: we'll be right back
Speaker 4: And members and