Let's Talk Money

I'm back this week. And if you have any questions, any questions whatsoever, folks, give me a call. The phone numbers are open for thirty years. The phone numbers haven't changed. One eight hundred talk WGY one eight hundred eight two five five nine four nine. That's one eight hundred eighty two five fifty nine forty nine. Any questions, folks pertaining to your financial future, give me a call. Is I

say often, you get one opportunity to retire. You can't blow it because you can't go back and make up for those decades of working. So you need to be prepared. And that's what I'm here for, to help get you prepared. And I'm telling you, I you know, even this week I'm in an airport and I get a tap on the shoulder, a nice gentleman getting on the plane walking in a cane, and he stopped me before he got on with the preboarding. He says, sir. I said, Hi,

I'm Steve. He says, I know who you are. He says, I listen to you all the time. He says, I'm retired, I'm a veteran. What about this USAA company? And you could just see how proud he was being a veteran. And I said, you know, first of all, let me thank you for your sir. I said, and USAA was a company that really going out of its way, out of its way to help veterans. I said, it's a solid company. It's a good company. He couldn't thank me enough.

And that's when I know, all these thirty years of being here with you every weekend and doing the show with you makes it worth my while. It gets me all excited. I never get bored, and I can't I can't thank you enough for tuning in once again. If you have any questions, that I can help you out with one eight hundred eighty two five five nine four nine. So I got some good news and bad news for you. Zack and I were just talking and Zach, you're an

old soul. I mean, that was a great song you played. Well, I have to play that on the bottom of the hour two. And I asked Zach what he was doing, and you know, he's Zach is a special guy, folks, for for for those of you that don't know, he's been my producer for a long time now, and he does things from a family perspective that a lot of people don't realize. He's one of the good ones. And he says, I'm gonna go shop for my turkey dinner. I said, well, let me tell you, Zach, I got

some news for you. Good news, bad news. The average price for a bird is expected to fall six point one percent. That's the good news. The bad news is a pecan pie may cost eight percent or more. There, you habit, folks. You know the Wall Street Journal did a nice piece and the Farm Bureau forecasts at the costs of the average thanksgiving me for a group of ten people at about fifty eight dollars. You got cranberries up,

stuffing mix up, turkey down, frozen peas. If you're into that down, dinner rolls up, you probably don't need the carbs. But on Thanksgiving Day, dinner rolls with some butter. Slather that butter on, folks. There's nothing wrong with butter. I put butter in spaghetti sauce when I cook. You know, I'm a foodie. I like to cook. I put butter on my spaghetti sauce. But dinner rolls are up, pie cross are down if you're making your own pie. Pumpkin

pie mixes down. Sweet potatoes is down huge, down twenty six percent. So there you go. That's the recap of your Thanksgiving meal and what you can expect financially speaking, to spend this coming week. But it is a good holiday. It's a good holiday to spend with family and friends. It's a good holiday to spread the cheer and help others. And you always feel good helping others. Helping people always feels good. So Thanksgiving week is before us. We're going

to be closing out twenty twenty four. And what a year it's been. I mean, if you're an investor, I mean, it just goes to show you when everybody says that, you know, the market can't continue to go up. Folks, listen the market. The market truly truly trades on fundamentals. It could care less who is in the office. It really could. It could care less. And the markets are up in the you know, since election day, I haven't been.

I haven't been with you, but you know you have NASTAC up about five percent, the S and P is up. I mean, the markets are up. Whether I don't care who you voted for. I don't really really care who you voted for. Everybody has their personal choice, and I respect everybody's personal choice. But I am. I am excited to see President Electron putting in some business people into office,

and people that probably will make a difference. And I always say it's it's too bad that so many business people, smart people that know how to you know, work within a budget and not spend more than the company can, or the company we'll go out of business. Unfortunately, in Washington, politicians just spend, spend, spend, They don't care because we can print money, and all of a sudden we're in debt. We're in debt, thirty five trillion dollars that's a trillion.

With a tea that's twelve zeros. At the end of a trillion, we're in debt. So I'm I'm kind of I'm kind of pleased, and I'm going to give you one money saving tip, folks. This is my big tip of the holiday season. If you want to save money on Christmas gifts, not buying them this coming Thursday, talk politics at Thanksgiving dinner. I assure you you won't have as many people to buy Christmas gifts for a guarantee. One eight hundred eight two five, five, nine, four nine.

Let's go to the phone lines. We have less on hold and less. What are you doing hanging out while your wife's getting her hair downe.

little trust with some babysitting instructions. My daughter will actually be the trustee, the rant of the trust, and I'm setting up trusts, three individual trusts for each of my grandchildren, and my daughter will have the powers to you know, you know, give them money as needed and so forth. So in your situation, one, I admire you for doing this for your granddaughters, but you should probably be careful

about the middle grand daughter. Unfortunately, as we know, depression, substance abuse, alcohol abuse, it's it's prevalent, and it's it's like wildfire. Just spreading. So many people are affected by it, and it sounds as though your daughter granddaughter is affected by it. So what you want to do is one of two things you may want to see. And at eleven o'clock after my show, you got the you know, loop hero Inas group and their attorneys and it's free advice.

I would I would stay tuned in. Hopefully your wife's getting a perm and you're going to be there a couple hours, so you could give give Lou Lou's show a call and ask him. But you may want to set up a real easy trust that basically says the money can go to your granddaughter for welfare, but not for discretion. Everything's like drugs until she gets on her feet, or you know, ask your other two granddaughters. And it's a big ask to kind of oversee the the inherent

for your middle granddaughter. But you do want to be careful because more than likely your middle granddaughter will probably spend it on things that that you just would not want her to spend it on. And you're you're smart and wise for being aware of it and still wanting to leave her something and and and unless I'm telling you,

and it would be a hard conversation. But if you and I were buddies and we were having a glass of wine later and you asked my opinion, I would say to you, Less, sit down with your middle granddaughter and tell her what you just told me, and tell her why you don't think you can leave her that money, and try to and encourage her to get help to break away from the downward spiral that her life's going. You never know less what what words can do to

help somebody, especially somebody in your granddaughter's situation. If you and I were buddies and I was sitting next to you later, that's exactly what I would tell you. You know what, what's the worst that's going to happen. Your granddaughter's going to get upset with you and not talk to you. Is she probably not talking to you now because she's involved in this life of hers. So as

a grandfather, you know you have nothing to lose. Give it a shot and give it to her straight anyway, Less, listen, great question, Take a picture and send send it to me through the airwaves of your wife.

have Jim in Rockland County. Hello, Jim, good morning to you.

managed to count. So what you're doing is, let's say, let's make believe you have an account of Charles Schwap and they have a whole whole host of professionally managed portfolios that you can pick one to meet your specific needs for you know, whatever, you know, it could be social investing, it could be growth investing, it could be dividend paying, it could be a well balanced Basically, you're hiring a manager to manage your portfolio, so we don't

use them in our practice. But we don't use them because we really are our clients separately managed account manager. We manage our client's portfolio, so our clients put their trust and faith in us to manage their portfolio. We do a darn good job, a knockout job. I'm very proud of our returns. So our clients don't really need SMAs because we act as that professional manager. We're managing

our portfolios. But there's a lot of people that open up an account at like a Charles Schwab, and you know, the retail guys and as that are sitting in the office, they really don't know, you know, they don't manage money. They can't really give the advice that we get, so they may recommend an SMA and then it's, as I said, any flavor you can. It's like going into Stewarts and I was in Stewarts bright and earlier this morning getting my papers, and you know, you look at the list

of ice cream flavors. I mean, just about any ice cream flavor you want, you can get at Stewarts, and Stewarts has some pretty darn good ice cream. The same with SMAs. Just about you know, you can get them. It could be customized. It's professionally managed. You own it, so you have direct ownership. But the managers are making the investment decisions. A lot of them are tax efficient, which is good. They're all transparent, which is good. Something

that two points that we believe in. For our clients. A lot of them ask for for a higher a higher minimum investment. So using SMAs or a combination of separate managed you know, managers to achieve your financial goals. There's nothing wrong with it. So your buddy it sounds as though he's in one, he's happy with one. You always want to look at the returns if you do get invested in a SMA, you know, do your homework, your due diligence, you know what's their style investing? How

have their returns been compared to the benchmark. And for most stock investors, the benchmark really is it should be the S and P five hundred indecks. That's really the proxy that you want to and you know, compare yourself to and you're to date the S and P is up twenty five percent, with dividends about twenty six and a half percent. So that's what you want to compare yourself to. But go ahead.

first week of December. The mutual funds, you know, could could you know basically declare a dividend or taxable income and you've only owned that mutual fund for a short period of time, but you're going to pay tax on those gains. That's why I don't like mutual funds. You have no control over that, and you know you're in it for a short period of time, and sometimes you could be paying a pretty good hefty tax depending on

the distribution that to mutual fund company does. But we automatically every year we harvest losses, and we actually have for our higher networth clients, we actually have a system set up where we really you know, it's pretty sophisticated, where we do it all year long. And the returns, as I said, our returns in that program are are pretty good. But let's make believe you have ten thousand dollars of gains this year, and let's make believe you

have fifteen thousand dollars of losses. If you sell all of those losers. Two things, you can't buy it back for thirty days. That's the wash sale rule. So you have to wait thirty days before you can buy it back. And you can use those fifteen thousand dollars of losses to offset ten one thousand dollars a gain, then another three thousand dollars, but you have two thousand dollars of losses left over. What happens is that carries forward to next year's tax return and you can save and harvest.

This is what we mean by harvesting. Harvest that two thousand dollars of extra losses to offset gains for next year. But not every separate account manager does this. So once again, that's another good question, Jim, for you to ask as you interview these SMAs. But there's thousands of them out there. Some are good, some are not so good. Make sure you compare the returns the benchmark, make sure you understand their style of investing, and make sure that you're comfortable.

And as long as you're interviewing SMAs, I'm going to throw this out. It's selfless of me. God help me. How can I be on international radio in and and take this opportunity to say, Jim, give our office a call, kick our tires, look under our hood. We have clients in thirty seven states, so you being in Rockland County doesn't scare us. But give us a call and let us explain to you what we do for our clients

and how we do it. And then now with all that information, you'll be able to make a more logical, more rational decision on what you think is best for you.

wife to get their hair done. And and you have to admire Less as a husband. I mean, how many hubbies go out there and hang out and wait for their wife to get their hair done. Good for you, Less, But he had an emotional question, and you know, those are those are situations that are tough. You know, I understand the demons that people go through. Not everybody does. But if if, if you ever get the opportunity to really open up with family and friends, and sometimes it's

you listening that are fighting some of these demons. They're hard, especially depression. Depression is one of those demons where you don't know who's being affected by it. So many people covered up and then you know, sometimes they try to mask mask the feelings of depression with alcohol, which really just makes them feel that much more depressed, and it's a downward vicious cycle on others like Lessa's granddaughter fighting substance abuse this country. Obviously, we know the headlines in

the paper. We know just reading the obituaries, you can kind of put two together and realize how many people are are dying unexpectedly because they're fighting demons. So I'm glad Less called and Jim had a great call too on eight hundred eighty two five five nine four nine one eight hundred eighty two five fifty nine forty nine. Love to talk to you with whatever's on your mind, whatever you're thinking about, if you have any questions, you know, give give me a call. Zach and I are here

love to get you on the wide world web. You know, if you got the iHeartRadio app, you can listen to us from anywhere around the world. And believe me, people listen to us from all all over. It's amazing where some of the phone calls come in. So this week, you know, we began with you know, let's call it the Trump trades being unwound. As interest rates once again

took front and center on the stage. President Biden cleared Ukraine to use US missiles to strike into Russia, and Vladimir Putin rattled his nuclear arms, and that just sent a message where investors went into safe investments like treasuries and gold and the dollar as a place to be safe.

You know that that was big news for us. Listen, you know, in the beginning, I thought it was great that we were helping Ukraine, but to send them over two hundred billion dollars when we had cities in this country that look worse than Ukraine just doesn't make sense to me anymore. There there has to be an end

to that thing, and hopefully it'll it'll be soon. In addition to that, on the political stage, you had in the video beat huge expectations, and you know, people were expecting you know, almost a ten percent movement in the video and in the overseas markets. You know, there was a lot of movement. But the next day when the markets opened up, the video was actually down. Big company, right, the video was actually down. So there you have it. You know, you never know how a stock is going

to react. You got bitcoin almost at one hundred thousand dollars. I think it's safe to say Bitcoin is here to stay. I don't think bitcoin is going anywhere. Bitcoin is is literally here to stay. It's it's it's amazing what's going on with bitcoin. You know, the markets were up. I'll get into that on the other side of the news.

We're gonna take a quick break, folks. You're listening to Let's Talk Money, brought to you by Bouchet and Andrew Group, where we help our clients prioritize their health while we manage their wealth for life. And I take pride in managing our clients wealth. One eight, eight, two, five, five, nine, four nine. Give us a call during the news. I'll see in a couple of quick minutes, square.

As much of a food as I am and I love to cook, it's probably the messiest dinner to cook, but boy, it sure tastes good. And there's nothing like a nice turkey sandwich later that night or the next day, white bread, mayo, little cranberry sauce on it. Nothing, nothing, nothing beats that. But I gave a money saving tip and a lot of people got to chuckle out of it. So one more money saving tip this Christmas season. If you want to save money on gifts, talk politics at

Thanksgiving dinner. It's a guarantee you will have less people at the Christmas dinner table, less people to buy for. Talk politics at Thanksgiving dinner, and it's an instant, instant way to save money on Christmas gifts. There you have it. Folks. That's my money saving tip for this holiday season. And on a serious note, I really do believe that. You know, listen, sometimes the old fashioned way is the best way. And

opening up Christmas is as silly as it sounds. At Christmas Club, remember that every week you would put money into a little account and at Christmas time you'd get the cash and you go out and buy Christmas gifts. Do not do not, do not, do not, do not. Did I say that do not enough times? Do not go out and charge on credit cards, especially you know, thirty percent more, you know, whether it be TJ Max, Macy's, these these stores, the interest rate charges, folks, you can't

get ahead that way. Then financial failure is to load up your credit cards buying. And don't take this the wrong way, folks. Sometimes we buy useless gifts fees. We feel we need to have something under the tree. I love those families where you know, you pick out one person to buy for, where you go out and buy a meaningful gift and put some thought into it, rather than getting a bunch of things that you may never never use. So I'm not being grouch or scrooge. I'm

just being honest with you. Try not to load up your credit cards. Please don't think, don't don't get enticed to open up a new credit card because you're getting these things in the mail. Please do not do it. If you're walking through the stores and you got these, you know people that say, oh, open up a credit card with us, all the advantages. Don't do it, folks. The interest rate charges are astronomical, astronomical eighty two nine

four nine. Let's go back to the phone lines where we have Ron on hold.

walking the streets and sometimes it's just my voice. Somebody will say, oh, I know that voice. You're You're, You're, you're Stephen Bouchet. I said, I am, and I thought I had a face for radio. But no, I'm honored that Ron, you're you're coming in. You know, I hope we can help you, but I know we help you with your daughter, and that that that that's a beautiful thing. It's like, you know less, our first caller of the day being able to help him. So no, thank you

for calling in. You know who doesn't like compliments, Ron I you know you make me smile, and that's the best compliment you can give me is saying how impressed you were with just banking a phone call to schedule and appointment to come in. So I look forward to meeting you, Ron, and I thank you for calling in today and and letting them listening. Well, Dans know that you know you're you're going to come in to see

what we can do for you. So thank you. One eight hundred talk w g Y one eight hundred eight two five five, nine four nine. Ron's been listening for a long time, a long time, so he finally decided. And this happens a lot. We had another new client a couple of weeks ago. I don't know, they've been listening for like over ten years. I said, well, what took you so long to come in? I mean, we've had one heck of a ten year run. You know

what took you so long? But you know, sometimes people are you know, just take some people longer than others to call and and schedule an initial consultation. And there's no charge or an initial consultation. Folks. I'm so proud of the team that I've built and created, you know, the firm that I have. You know, we're twenty for professionals that I'm surrounded by. And I have one rule when I bring on any any new colleague to our firm, I want them to be smarter than me. I want

them to feel comfortable to talk up. To help grow the way we work with our clients, they have to have that. They need to have that sense of value and integrity. Taking care of our clients first and foremost. That's all I care about is taking care of our clients, making sure our clients are in a good place. So we have a lot of people that come in. Some some listen to the show once or twice and scheduling

and appointment. Some it takes longer, but I guess at the end of the day at least they call them. They come in. One eight hundred eight two five five nine four nine one eight hundred eight two five fifty nine forty nine. So I talked about the stock markets. You know, it was actually a pretty pretty good week. It wasn't a good day for Navidia, but the rest of the markets. You hear me talk about this often,

the small and mid cap markets. The equal weighted index all up almost between four and five percent this week. Now what that means is the equal weighted index. You hear me talk about this so so so often when when you look at the you know, just the the S and P five hundred. When when you look at the S and P five hundred. And you think about the weighting of the top ten holdings, especially you know you got you got na Video now is number one.

That represents over seven percent, Apple seven percent, Microsoft six percent, Amazon almost four percent, Alphabet four percent, Meta, which is Facebook two and a half percent. You know, it's it's it's the top Those top ten holdings account for thirty five percent of the S and P. And when when when you look at the equal weight, and I say this, if you want diversification in your portfolio, take a look at the equal weight, the the Invesco equal Weight ETF

the SMP. So instead of instead of you know, having a company like Navidia and the other nine companies make up for thirty five percent, each holding is equally weighted, so about let's say approximately point two five percent, you know, so instead of Navidia being seven point two percent weighted in the S and P and the equal weight, na Vidia is point two five percent approximately along with Apple and Microsoft and all those other companies, especially the magnificent

seven companies. So it's nice to see the market broadening out. This is important. Listen, I'm a bull, although I'm always a bull. You know, it's it's funny. I've said this in my office more times than not, and I try to mentor especially my investment guys, mentor them that listen, do not invest for the rainy days. I could care less that the market goes down for a day, a week, a month. It happens. It comes with the territory. But over time, being invested in a good portfolio will bring

you better returns. And yes, there will be days, weeks, months, sometimes a year where you're down. It comes with the territory, folks, And I just don't want to hear it that you can't take those down days. If you can't take those down days, then you shouldn't be invested in stocks at all. You know, suffer with your money under the mattress. Sure you can get by a US ten year treasury and get you know, over four percent and for the next

for the next ten years. If you're happy with four percent and you're able to sleep at night, that's all that matters. But I would much rather in every one of our clients. We don't have any client that doesn't have stocks in their portfolio because we take the time to educate them. You know, over the last ten years, the average return in the SMP was thirteen fourteen percent year in, year out. That's a whole lot better than four percent. Yes, you're gonna have days and weeks, you know.

Over the last ten years there were two years where the markets were down and two out of eleven years, including this year, because we're almost in for the year two out of eleven years. That's okay, folks. That comes with the territory of investing. Don't get don't get all freaked out about it. You know, rather than talking about

politics at the dinner table, talk about investing. Talk about what I just shared with you, with with especially with your brother in law who thinks he knows everything about investing. Let your brother in law know, Hey, stocks are up more than they're down over the last ten fifteen years, fourteen percent a year, compared to bonds at two point five percent. This is why having a well diversified portfolio makes sense. There you have it, folks. One eight hundred

eight two five five nine four nine. Boy, I'm creating a lot of conversation for Thanksgiving dinner, aren't i? One eight hundred eighty two five five nine four nine. We have Bill and Kobelskill. Hello, Bill, Hi, how are you.

your retirement. Your children can always go to college, they can always listen. So many kids, there's so many opportunities for them to start out with the two year associates degree at a two year college where it costs next to nothing, and then transfer those credits. You don't always have to and nowadays, I would you know, if I got to, if I got a resume from one of these IVY schools, I would probably not even interview the applicant.

With everything that's been going on with these ivy schools and these snotty nosed kids, but you don't need to be spending eighty ninety thousand dollars a year for a private education. We got some good, great state schools. When I interview people, and I've been interviewing, you know, January first will be thirty five years that I've been in business, I always look at the person, and you know, I

always like to see that they've gone to college. I do believe in having young people go to college, although with that being said, there's a lot of young people that really maybe not be cut out for college, but could go to a trade school like Hudson Valley has trade schools. I just specialize in jobs at global foundries where you can really make a really darn good living, or trade schools in other areas of the trade industry.

But bottom line, you don't So I don't know the answer to this in your situation, but if if it affects your ability to retire, then you have to prioritize your retirement first. Now, if you're in a good situation between your pension, you can do it all. I would not pay off more than likely. I'm guessing Bill, with you only having more than likely, you have a low interest rate on your mortgage, I'm assuming that is that true. Yeah, so you know, let's make believe you have one of

those mortgages that you got at three percent. Well, I just gave the statistics. If you had that money invested in the stock market, you're going to make thirteen fourteen percent a year over the last ninety years. The average return is ten to twelve percent. So that's a whole lot more than three percent. So you really don't want to pay off your mortgage. Whether you put that money

towards college savings or not, that's another question. But I want to be paying off your mortgage if you have a low mortgage rate, and if you do, decide, Bill to put money away for your children's education. Look at I think the plan that New York has is the best in the country, the New York Saves ny saves dot org. It's managed by Vanguard. You can open up an account right online. You can put as little as

twenty five dollars a month into it. It's a great program, and the beauty about it is not knowing how old your children are, but you get a New York state tax deduction up to five thousand dollars per individual ten thousand dollars per married couple. So that saves you seven eight hundred dollars of New York state taxes. And that's a nice benefit. But it's the investments internally are managed by Vanguard and Vanguards. You know, we use a lot of van Guard in our portfolios, so you know, it's

one of the best best plans out there. And when you cash that out when your children go to college, you're not taxed on the gain if it's used for qualified college expenses. Now let's make belief all four of your kids get a free ride to college and you don't need that money. Well, you can use that money for something else. And the downside is you'll pay on the growth of it. And that's okay if it's not used for qualified college expenses, because you would have paid

money on the growth anyway. So that's that's something to think about. Nysaves dot com. It's a great program. So there you have it. You know, I gave you a lot to think about, but at the end of the day, I would not either way. I would not pay off your mortgage at the end of the day. You know, I heard you say you're doing one thousand dollars a month if you don't have a raw ira. I'm just going to plant the seed for you have a wroth ira,

open that up. The beauty is you don't get any tax right off for the money going in, but that money will grow tax to fer be tax free when you take it out. That's a beautiful thing when you don't have to pay taxes. So I'm not sure where you're putting that thousand dollars a month, but you and your wife can open up a wroth ira and have that money going to a roth ira. There's some great, great, you know, investments out there. So I gave you a lot to think about, didn't I.

accomplish a lot for yourself and for your family. So good for you. Hats off goes my hat goes off to you.

Believe me, I used to bartend in the late seventies early eighties, so I've talked to people about everything, and I can assure you some of the people on the other side of the bar they had no clue what I was saying, because by then they were out of it. But anything you want to talk about. One one hundred eighty two five nine four nine. So let me recap

you know, the the markets. You know, a good week in the markets, the SMP up one point seven percent, NASDAK one point nine percent, Russell two thousand and four and a half percent. Year to date, the s and p is up twenty five percent, twenty six and a half percent with dividends, NASDAK up twenty seven percent, QQQ up almost twenty four percent, Russell two thousand up nineteen percent year today. That's a beautiful thing, folks. Not to talk politics, but how many people were worried about how

the elections were going to go. And if you were scared out of the markets, forget about it. Forget about whoever's in that big white house down there in DC. The stock markets really trade on the fundamentals, and sure there's going to be voluntility here or there, but the stock market's pretty you know, it's been doing this for a long time. Democrat, Republican, doesn't matter who's sitting in

the Oval office. The stock market's pretty good. This coming week, he got you know, it's a quiet week on earnings, a couple couple of big names. On Tuesday, we're gonna get the minutes released from the early November meeting for the Fed Open Market Committee. We'll see really how those board governors were thinking. And hey, how about the news. We have a local boy that that was almost elected Treasury secretary, and I'm guessing there's big things that happen

with Kevin Walsh. He's actually allowed the colony guy went to Colony High and he's done well. Smart. I know Kevin. I happen to know Kevin Smart, smart, smart guy, and it was so nice to see him being on a short list of you know, one of President Trump's you know who he wanted to name for secretary. He ended up going with another Scott Bestner, who's a hedge fund manager. And you know, these are all smart people. Whether you like him or not, folks, And I don't care if

you like him or not. He is surrounding himself by some pretty smart people and it's okay that they're not career long politicians. Actually it's refreshing. It's more than refreshing. I mean, how many times have you heard me say Elon Musk may be one of the most brilliant people in the world. And I think that he and Vivek are going to be cutting, cutting, cutting. I told you we have this country spends way more money than it brings in, and that is why we have thirty five

trillion dollars. Since twenty twenty, we've added twelve trillion dollars onto our bottom line. It was in the low twenties. We're up to thirty five trillion dollars of debt. If we don't wrap our arms around that, we are going to go bankrupt as a country. We can't allow that to happen. So it's nice to see some business people with the courage and strength to go in and make changes,

changes for the better, changes that we will all benefit from. Folks, we will all benefit from from the changes that that's going to be made. Whoever you voted for, I don't care who you voted for. I'm just saying, and I'm not here to be political, but it's refreshing to see some of the changes that are going to happen. And I'm very optimistic that the stock market will continue to go up. And I can't believe that we're coming up

to the end of the show. I just can't believe that, Folks, you're listening to Let's Talk Money, brought to you by Bouchet Finns Group, where we help our clients prioritize their health while we manage their wealth for life. I can't thank you enough for tuning in. Go to our website Bouchet dot com. That's Bis and boy O U c H e Y dot com. Look at our webinars. We did a great economy on the economy, on on the economic state of the economy. This week we did a

nice tax one. Enjoy your day, come back tomorrow morning. I'll be here eight am.