Hello and good morning folks. It's Sunday, November twenty fourth. Thanksgiving is coming up. Let me start out by wishing everybody a happy Thanksgiving. I hope you enjoy it with your family and friends. I can't believe the end of the year is coming, and what a year we're having. What a nice week we had in the markets. If you're an investor, it's been really a beautiful thing to be invested. Stay invested, not get scared out of the markets, not be afraid, not listening to your brother in law.
You get it. You really need to be invested, be invested for the right reasons, be invested in a way diversified portfolio. And if you did that this year, you are having one heck of a year. I'm Stephen Bouchet, not one of my colleagues, but me Steve here live and I would love to talk to you with any questions that you may have. Please give me a call. We had a great, great, great show yesterday. We you know,
had some good questions. Good callers. I always appreciate the listening audience when they call in, and I do my best to point them in the right direction, get them started. So if you have any questions today, please give us a call. Zach Harris, my producer, and I are here. We would love to talk to you. The phone numbers one eight hundred talk WGY. That's one, eight hundred eight two five five nine four nine, one eight hundred eight
two five fifty nine forty nine. Any questions whatsoever. So we had a good week, folks, I mean it was really a knockdown week. When you think that the SMP was up one point seven percent, NASDAK one point nine, QQQ one point seven, Russell two thousand and four point four to six, that's not a bad week. It's really you know, I'll take weeks like this and you're to date when you think about where the markets are. You got SMP up twenty five percent, with dividends about twenty
six and a half percent. You got the NASDAK composite twenty seven percent, NANSDAK one hundred, which is QQQ twenty three point five percent, the Russell two thousand's up nineteen percent. I mean, if you're invested and you're going to get scared out of the markets for whatever reason, and believe me, listen, we know it, especially every presidential election, not just this
presidential election. Every presidential election, investors for some reason get nervous. Well, if this one gets in, the market's going to go to heck in a handbasket, or if that one gets in the market. I mean, folks, you got to just put it out of your mind. It doesn't really matter who's in that office. The stock market does just just fine. Republicans Democrats, it doesn't matter. And since since the election and the results, the markets have been doing good. I'm
very optimistic. I think the market is really in a good spot. The economy is in a good spot. Inflation's coming down. We got a lot of good things going for US one eight hundred eighty two, five five, nine, four nine. Let's kick off the morning with Frank in Long Island. Good morning, Frank, good morning. Hello can oh we can all hear you. We got a million people listening to you. Frank right now.
Well, good morning. How are you, sir?
I'm doing good, Thank you, Thank you for calling in.
All right, Well, I have a question for you. I'm going to Italy and April.
And oh man, man, can I go with you? Where are you going over there? First of all, Frank, before you ask your question, I'm going to Rome.
I'm going to Florence and then I'm going to a town called Castle de Monday. It's west of Rome, about an hour drive west of Rome in the mountains. Oh wow, I'm thinking of buying a house over there. I got some lined up and I'm just thinking of what I just wanted to know what you thought about investing some money and in Europe.
Yeah, well, you have to ask yourself this question. And ironically, I was just talking to a friend the other night and she has a family home just southeast or southeast of Rome, and that was a family house that you know, her dad had and it stayed in the family. But you have to really give it thought. What will be your reasons for buying a house there? How often will you use it? And you know, if you're not using it a lot, is it an investment? Can you make money? Now?
I don't know enough about the European real estate market to answer that question. The other question is where will you buy that house? What part of Italy? Have you thought that out?
Yes, exactly I have, because it's about an hour and a half west of Rome, about forty five minutes from the Adriatic, and I'm going to use it three or four hopefully three or four times a year, and you know, maybe Airbnb because it's in a ski area.
Yeah. Yeah, Well, as I said, you know, you one, you don't need a visa to buy property. I don't know if you have a visa or not. But if you if you think you're going to ever stay there long term, you're going to need to get a residency permit. Itallly does have an agreement with the US allowing US citizens to buy property, so that's a beautiful thing. So
you shouldn't have any roadbox there. Italian banks, you know, may offer some mortgages to non residents, but approval is going to depend on you know, really your financial profile and more than likely a large time not.
Looking I'm not looking for a mortgage, Steve.
Oh good. All right. So you know, so as far as the logistics of buying a house, you should be able to buy one easily. And as I said, you know, as long as you think in your mind that it could be a good investment, you may be able to you know, between your personal enjoyment. I always say to folks when they plan on living in their house forever and ever or ever, and let's make believe somebody wants to put a pool in, and we know that a
pool doesn't always add value to a home. And I say, well, does it really matter if it adds value to the to the selling price, because if you don't plan on selling, then it's for personal enjoyment. So if this is going to bring you personal joy, then put the pool in.
Same thing with you, Frank, You know, looking at this this investment in Italy, if you think you're going to go over and enjoy it, and if you can find out a way, maybe find a manager over their property manager to help you if you do an airbnb, because obviously you're going to need house cleaning and all of that. You know, if you've done your homework, then there's there's there's nothing, no, no hurdles in your way. That's a nice part about the relationship that the US has with Italy.
There's no hurdles in your way, especially if you're coming in with cash, which is what I think you just said to me.
Yes, yeah, well see, I greatly appreciate you helping me make this decision and I think I will do it. Thank you so much of it, very kind.
Well Wait, wait, two things. One I want to know the code to get in in case I go over. But in all seriousness, do you like meat? Do you like steak?
I do? I like the food in Italy too, so in Florence.
In Florence, and you can email me anytime. In Florence, Mario's Tractatia down by the Central Marketplace is an experience. They only open they close at three o'clock in the afternoon. They literally, if you like beef, it will be an experienced second to none, probably one of the best pisteca Florentines you will ever eat. I mean, it's a I loved it so much. It's one of the meals that I cook for, you know, friends, when I have them over, and it's it's just the quality of meat, the experience,
it's it's it's a show. It's worth you going there Mario's Tractatia, And I'll give you the address.
I'm going to go there. I I promise you I will go there and I'll call you back next time.
You will you will love it, and if you don't, I'll pick up the check. That's how confident I am you'll love it.
Well, I'm a very big meat eater, so I'm looking forward to it. Thank you, thank you.
And there's one other restaurant on the other side of the river in deep in the neighborhood. No English, no pictures on the menu, which is the type of places I like. If you email me, I'll give you all my secrets of Florence. I will thank you all right, Frank, thanks for calling. Good Luck, Happy Thanksgiving, Happy Sunday, fun Day, Zach. It's Sunday. It's Sunday Funday, Zach. I mean, does it get any better than this? Tomorrow begins the new work week,
but it's a short week. Thanksgiving. The stock markets will be closed on Thursday, obviously, and believe it or not, the stock markets close at one o'clock on Friday, which I don't ever understand why the stock market closes at one on Friday. But the day after Thanksgiving the stock market closes that have one. So it's a short trading week this week. Folks. You know, not much happening this week in the marketplace. You got a few corporations coming
in with earnings. You get the Federal Open Market Committee releases the minutes from their November meeting, which will be interesting. That'll be something that a lot of people will be anxious to hear what they were thinking, what they were talking about, and so forth. And you got the Personal Consumption Expenditures Price Index for October. The estimates two point three percent year over year, just a little smidgeon more
than it was in September. The core PCE index strips out food and energy is expected to rise two point eight percent. The last game was two point seven percent, So that'll be a big, big report. This is one of the reports that the Federal Reserve Open Market Committee looks at the PCE. That's actually their favorite favorite reading on the economy and where where we're headed. How inflation is is it in check or non? As I said, Thanksgiving Day, the markets are closed and on Friday the
market's closed at one, not four. So that's what we have going on this week. And if you have any questions, give me a call one eight hundred talk WGY one eight hundred eighty two five five nine four nine Zach. Let me take a quick fifteen second break. I'll be right back, folks. Ball lines are open. One eight hundred eight to five fifty nine forty nine. Any questions whatsoever, Folks, give me a call. I would love love love to
talk to you. So you know, this past week, we in the video came out with the earnings, and they were good earnings. People thought that the stock price, the options market, which is, you know, betting on what's going to happen, and in this month's stock they thought there's going to be almost a ten percent move up or down leading into it. And I'm telling you instead, on Thursday, the stock you know, point zero point five percent and
half a percent. It's all that it moved in the video. Listen, the video is responsible for a lot, a lot of the earnings that that we've seen. So Navidia did not move the markets, but the markets still moved. The markets popped without Navidia, And as I said, you had a good week with the SMP and the NASDAK being up pretty pretty good. Sm P one point seven percent, NASDAK
one point nine percent. Almost what was nicer? Though? And you hear me say this so often, and I'm gonna say it again, not to repeat myself, but let me let me say it one more time, at least one more time. For today, the SMP equal weight ETF gained two point five percent four hundred and twenty six of the indexes. Stocks finished higher, and the small cap Russell two thousand index, which I already went over, was up four point five percent. Why are those two indexes important
to the market and investors as a whole. That means that the rally is broadening out. That means that it's not just the magnificent seven responsible for the returns. That means that there's more and more companies taking part. I gave the you know yesterday.
I.
Told you when you look at the SMP, you know the top holdings, the top ten holdings account for thirty five percent of the SMP, and that's a staggering number. The Video being the largest weighted stock in the index over seven percent, Apple seven percent, Microsoft six percent, Amazon almost four percent, Meta which is Facebook two and a half percent, Alphabet which is Google, almost four percent, Tesla almost two percent, Berkshire Hathaway great Stock. Warren Buffett ninety
four years old. God bless him, still going strong. When guys and gals in my office say, when are you going to retire? I said, let me tell you a story about one of the greatest investment gurus in the world. Warren Buffett. He's ninety for he's still going to round off the top ten, you got broad Com at one point five percent waiting. So you get the idea you buy the SMP, and that's kind of what you're getting when you look at when you look at at the NASDAC,
it's even more staggering. You know, the top ten holdings in NASDAK account for fifty one percent. When you buy NASDAK, you're heavily weighted. Half of it is invested in just ten stocks. Navidia at almost nine percent, Apple eight and a half percent, Microsoft seven and a half percent, Amazon five percent, broad Com almost five percent, Meta almost five percent, Tesla four percent, Costco two point six percent, Netflix two point four Alphabet almost four percent. Top ten holdings in
NASDAC account for fifty one percent of the assets. So as you can see with the S and P and the NASAC, it just takes a few companies to really sway the returns of those indexes. Now, when you look at the equal weight, all those companies are at about zero point two seven percent. Equal weight means NA Video being the largest company out there to the smallest company in the S and P five hundred, they all had the same weighting point two seven percent. The symbol on
that is R, s PS and Peter. And it's a good compliment to your traditional core indexes. So if you're going to own whether it be the S and P or the Total Stock Market Index and NASDAC, having this equal weight index will compliment those core holdings. And as they said, it's nice a week like this to see that those those indexes are are rising, and even for the Russell two thousand to be up nineteen percent year to day. That's a beautiful thing, folks. That means that
you know, this rally is for real. It's not just based on a few companies as evidenced by Navidia having good earnings, but you know, hardly swayed the markets. It was all the other companies that swayed the markets. And that's what you want when you're listen, when you're invested for the long term, that's exactly what you want. You want everybody to come to the party, not just a few people. Everybody you want coming to the party. You want it to be a good party. And that's where
I think the stock market is. Listen, I haven't minced my words. I've been bullish on this market for a long time, and yes, there's going to be days, weeks, months, sometimes a year over the last we'll call it eleven years, because we're almost through this year. The SMP was down two of those eleven years. Two of those eleven years. I don't care when the stock market is down. It doesn't bother me. I tell my clients forget you own stocks. If it bothers you just don't turn on those financial
you know, news programs. Do not you know, check your account balances. It's just going to make you feel crummy about owning stocks. And over time, listen, owning stocks is a beautiful thing. Your average return I give this out often over the last fifteen years. And there's been some bad headlines over the last fifteen years. Right now we're on the brink of a World War three, for God's sakes,
I mean, the stock market is still riding high. Your average return over the last fifteen years is fourteen percent year in year out average each year. Bonds less than two point five percent. So if you have a diversified portfolio, let's make believe you have a sixty to forty portfolio, sixty percent stocks, forty percent bonds, you're going to have a return that's still going to be decent, but those
bond holdings will lag you and bring you down. So if you're a younger investor, don't be afraid of having a growth portfolio mostly invested in stocks. Do not even think twice about it. Write it out when the market goes down. If anything, if you have some cash on the side, put it in. The way smart investors make money is when there's blood in the streets, they invest. They don't, you know, they invest. It's like bitcoin right now,
we're almost touching one hundred thousand dollars. How many people want to buy bitcoin right now today? At almost one hundred thousand dollars? A ton of people. Where were they just months ago when bitcoin was sixteen thousand dollars? I mean, nobody wanted to buy it. That's when you want to buy, folks, when there's blood in the streets. That's Volatility creates opportunities for investors. And if you're a long term investor, do
not be afraid of the market. Do not have a knee jerk reaction and look to get out of the market. When the market has a bad hair day and it's down, it's it comes with the territory. Over the last oh god, how many years have I been doing the statistic? Forty four years? The average swing in the market high to low, top to bottom fourteen percent. That means the stock market swings peak to trough fourteen percent a year on average. So there you have it. When there's volatility. As they said,
don't get scared. Listen, you're gonna have a lot of family at the Thanksgiving table. Don't listen to that brother in law who thinks he's a node. All with investments, make sure you have make sure if you're doing it on your own, you do your due diligence. Make sure you know what you want, why you own it. If you're working with an advisor, ask the questions they're being paid. If you have an advisor that says that he's not being paid, fire him or her because they are being paid.
It may be built into you know, like a lot of annuity salespeople say oh yeah, yeah, there's no commissions. There absolutely is commissions. Let's call it a six percent commission. But it's hidden and it's buried deep in the sixty five page contract they gave you when you buy an annuity. So if you have somebody that says, oh yeah, yeah, you're not paying me. They're getting paid, folks. Everybody needs
to get paid. There's no free launch only at the food banks, and the food banks is really a good place to support, especially this time of the year. There's so many people, you know, Thanksgiving, I think of how many people can afford to put put, you know, a turkey dinner on the table. So I love to see. You know, my buddy Roddy, he gives out hundreds and hundreds of turkeys every Thanksgiving. He and his company are
j Vilenni Gravel. And you know there's other organizations. The Food Bank of Northeastern New York is a beautiful just a beautiful organization. You know, this is the time of year, folks. Listen. If you never thought about how charitable you are, this is the time of year where you want to be charitable because there are people out there that don't have anywhere near what you have, and those are the people that you really want to pay attention to and try
to help out. We're coming up to the bottom of the hour you are listening to. Let's talk money brought to you by Bouchet and Answer. Where we help our clients prioritize their health while we manage their wealth for life. We are going to come back at the other side of the news hours, so don't go anywhere. We are truly just just need to take a two minute break. The phone lines are open one eight hundred eight two five five nine four nine one eight hundred eight two
five fifty nine forty nine. Any questions you have, give us a call while we're on the news break, and if you want to go to our website Bouchet dot com and get some get some good ammunition to give me on the other side of the news break seeing a quick couple of minutes. Hello and good morning, happy Sunday folks. Thank you for hanging in through the news and thank you for tuning in today. I can't thank you enough for really making making Let's Talk Money they
most listened to show on the local airwaves. And I truly appreciate you tuning in and I would love, love love to talk to you and get you pointed in the right direction. So if you have any questions, the phone lines are open one eight hundred talk WGY. That's one eight hundred eighty two five five nine four nine one eight eighty two five fifty nine forty nine. Any questions, give me, give me a call. Donald Trump chose Hedge Fund executive Scott sent for Secretary of Treasury. Treasury Secretary.
We almost had a local guy, Kevin Walsh, who is really a smart, you know, homegrown individual, and you know, he was on the short list and he's a I know, Kevin, he's a smart, smart guy. That would have been pretty cool to have a local guy be Treasury secretary. But I'm sure there's going to be something in the cards for Kevin. Uh with with with President elect Donald Trump. I know, for for him to be on the short list,
Trump must must think highly of him. And he's smart, so you know, there's good reason to think highly of him, you know, Trump surrounding himself. I said it yesterday, and I'm not saying this to be political, but by a lot of people that know a lot of things. I don't care if it's Elon Musk, who I think is probably the most brilliant person in the world and where he gets his energy. I have no idea right down
to you know this this Treasury secretary pick. You know, I'm kind of hoping that that there's going to be some positive changes. I said this yesterday. This great country of ours is in debt thirty five trillion dollars. Twelve zero's at the end of trillion, thirty five trillion dollars. We can't continue on like this. What that means, folks, is that we have to keep selling bonds and paying interest on those bonds, and just the charge of interest,
what it's costing this country is astronomical. So we have to get that to sit down. We can't be spending, you know, trillions of dollars more than we take in every year. And since twenty twenty, our debt has gone up almost twelve trillion dollars. That's just staggering. That's a staggering number in this country. Listen, we need to rein
in the finances. Listen, you and I. If our household income is one hundred thousand dollars and we're spending one hundred and twenty thousand dollars, that means we're borrowing twenty thousand dollars from somewhere, right. That's how you spend one hundred and twenty when you're only earning one hundred, and that's what the country's doing. We can't go on like this,
So I'm hoping. I'm hoping over the next four years that we really wrap our arms around the debt that this country is in and we do something about it, because we can't continue on at this pace. It's it'll bankrupt us, and it's you know, that's that's just not a good scenario. The when we're spending as much money as we are on interest to finance the bonds that we're selling in order to stay afloat, and that's really bottom line, to simplify what we're doing. We just can't
continue like that. It's going to really create financial chaos. One eighty two five five nine, four nine, any questions, give me a call. So the good news is, I said this yesterday. Turkey prices are down. The average supposedly, the average cost for Thanksgiving meal for a group of ten is about fifty eight dollars. That's pretty reasonable, but remember what I said on the first half of the show. There's a lot of people that can't even afford that.
But turkey prices on average, I guess, are down about six percent, but pecan pie up eight percent. So that's the trade off. Eat more turkey, eat less pecan pie. In order to balance out that budget but you know, you got cranberries that are up. Stuffing mixes up, Turkey's down, frozen peas are down, dinner rolls are up. Pie crust are down, Pumpkin pie mix down, sweet potatoes down. I
guess all the sweetness. You know, nothing like sweet potatoes, right, some mashed potatoes with gravy and a little sweet potatoes to compliment the mashed potatoes. So you're going to be spending hopefully a little less this year compared to last year for your Thanksgiving meal. And I hope you enjoy your Thanksgiving meal. I said it yesterday. My money saving tip for this holiday season. If you want to spend less money on Christmas gifts, talk politics at Thanksgiving dinner.
It's a I'm telling you, I guarantee you you'll have people that won't be happy and you may have to buy less Christmas gifts. Talk politics at Thanksgiving dinner. That's my money saving tip for this holiday season. There you have it. So how did the week start out? This week? As I said, you know, the markets had a good week. We began with you know, basically interest rates took stage again. You had President Biden cleared Ukraine to use US missiles
to strike into Russia. I'm not sure that's a good thing or a bad thing. I'm hoping this war comes to a close sooner than later. We can't continue spending. We sent over two hundred billion dollars into Ukraine. And when you think of some of the cities in this great country of ours, could they have used some of that two hundred billion dollars. Absolutely, they look worse than the war torn Ukraine looks. So just my personal opinion, I'm not so sure we should be spending as much
of that money to send the Ukraine. So hopefully we get this war resolved, you know, with that, you know, Vladimir Putin, you know, basically kind of threatened the world with his nuclear arms, and that meant that Treasury's gold and the dollar is where investors went because that's considered a safe haven. And the video beat huge expectations, but it shares, you know, we're just kind of you know, the whole hum While the market went up, the video
did nothing. Bitcoin almost one hundred thousand dollars, the smp NASDAC, good Week, good year, one, eight, two, five, five, nine, four nine. Let's go back to the phone lines. We have Ryan in Clifton Park. Good morning, Ryan, Hello, Ryan.
Yes, how are you. I'm doing fine this morning, thank you. I have a CD that's coming up. And in the past I used to always invest in like the Vanguard five hundred, one of those large cap funds. But now that the market is that it's all times sky hot, what would you recommend when someone as CDs come up with thousands of dollars in their seat that they want to put back in the market. What's a good strategy or some good funds to put your money when everything
is that it's sky high? Would you recommend that the Vanguard five hundred again or that's to uh not at this moment.
So I'm going to give you a little secret. The stock market's always hitting new all time highs. I said it yesterday. The markets will correct. It's not if or when it's it's I'm sorry, it's not if they'll correct, it's when they'll correct. This market will correct. I don't know when that will be. We'll go through a correction, a bear market or recession. That will happen. The funny thing is history has shown that the stock market has owed, we's bounced back, always going on to make new all
time highs. And when I tell investors to invest their money, and we try to educate, especially new clients that come in, should we dollar cost average in or put the money in lump sum? And the statistics show that putting money in lump some you'll make more money with that because if you dollar cost average over the last fifteen years, there was only really only a few times where dollar cost averaging worked. Putting that money in is a lump sum. And you know, maybe you put the money in on Monday,
and maybe the market corrects the next Monday. Nobody knows when the market's going to correct. Nobody has that crystal ball. Ryan. But how old are you? All Right? So you're young, so you know, not knowing the makeup of your your entire financial picture, and how I don't know how comfortable you are with risk. But listen, I'm a little older than you, and I'm one hundred percent invested in the stock market. And when the stock market goes down, I actually look for cash that I can put into it
because I know that over time. I gave this statistic out at the first half of the show. Your average return over the last fifteen years in the SMP was fourteen percent year in year out bonds less than two zero point five percent. So if you're willing to ride those ups and downs, if you're willing to, let's make believe you put some of that money to work. Why the markets are at or near their all time highs, I can't I can't guarantee you that next week the
markets may not have a hiccup or go down. But I am optimistic with the market. The economy strong, corporate earnings are strong, you have inflation that's coming down, interest rates are being cut at the Fed level. There's there's a lot of good reasons to be invested and not be afraid of stocks at this point. So my answer to you, Ryan is, if you know, if this is long term money and money you always wanted in the stock market, I would say, hey, put it in, close
your eyes. If you put it in and you see some volatility, don't get whatever you do, don't get scared out, because the markets always come back, they always bounce back, they always go on to make new all time highs. Now, if you need to have some fixed income, well when that CD comes due, if I were you, I would I would look at buying treasuries I like treasuries. Now, if it's in an IRA account, it doesn't matter because you don't have to worry about taxes. But you're not
taxed on the New York State level with treasuries. And right now, the ten year US Treasury is yielding four point four percent, which is pretty nice. You can get a six month four point five percent, a one year four point four percent. And as I said, that interest is New York State tanks free, so your equivalent is just a tad higher than that. And I like that better than CDs. I like these treasuries at this at
this level. So if you need fixed income to have that Barbell approach to investing, then when that CD comes to, look at the treasuries, especially where the treasuries are at right now.
Okay, thank you.
Ryan, thank you. Enjoy your Sunday, stay healthy, happy Thanksgiving. One eight hundred eighty two, five five nine four nine one eight hundred eighty two, five fifty nine forty nine. You know what's funny, folks. You can you can you can on the weekends, you can bet on football, horse races. You can't buy a stock four o'clock. The stock market closes down Monday through Friday, and to think how we're twenty four to seven world. You can't buy a stop.
The only action you can get is, you know, either investing in you know, betting, not investing. Let me take that back, betting on your favorite sports team or horse race, pick a color, you pick a name of the jockey you know, or do your homework and do some handicapping. You can't buy a stop, but you can buy bitcoin. Bitcoin is ninety seven ninety eight thousand dollars right now, and it's it's remarkable how far bitcoin has come. I think the big reason is that the Trump administration is
going to be crypto friendly. I think I think I can say this that bitcoin is here and it's here to stay. I think you're going to see more, you know, bitcoin be more accepting. I guess is the word, and you can buy it twenty four to seven. It's crazy,
it's it's it's it's crazy. You know, there's there's not much you can you know, you can go to an all night diner open twenty four to seven and grab some eggs or a turkey sandwich, but you can't buy stocks, the stock market, clothes, and believe me, there's some some companies out there trying to figure out a way to extend those extended hours, no pun intended. Where investors if they want to buy some stocks, they they can buy some stocks, you know, just like you can buy you
know crypto twenty four seven. Why can't we buy stocks? Twenty four to seven? For those that can't get enough you know of their their trading juices out of their system by four o'clock on a Monday through Friday, eight hundred eighty two five five nine four nine one eight hundred eighty two five fifty nine forty nine, give me a call. I'd love to talk to you. We've had
some great questions lately. Good questions. I always say, whatever your question is, I can almost assure you that you will have somebody listening that will have take great comfort in the answer because they have the same question. Maybe they're just shy. Don't be shy. You can call in. I promise I, you know, I won't take a picture of your calling in you know that microphone, even though I can see you through the other end of the microphone. Don't be shy. Use a makeup name if you want,
use a makeup city. But give a call if you have any questions. One eight hundred eighty two five five nine four nine. So, speaking of horse racing, I you know, one of my hobbies is is race horses. Please don't judge me. I always say, some guys by restaurants, other guys by horse race horses. They all get right offs and they all have fun. But it's a hobby. I could have worse hobbies, right, But I do have a horse racing next Saturday in the Hollywood Derby at Delmar
where the turf meets the surf and Carson's runs. The horse named after a young young man, Carson Jost, who has this terrible, terrible syndrome rare genetic disorder, and we named the horse after him, and he's really right now. If he wins the Hollywood Derby next Saturday at Delmar, he will probably be nominated as the best three year old in the country. So that's pretty exciting. So I guess I'm forewarning you that I won't be on air next Saturday because I'm going to go out and cheer
Carson's run on, hopefully through the finish line. So, you know, speaking horse racing, right, one eight hundred eighty two five five nine four nine one, eight hundred eighty two, five fifty nine forty nine. I tell you who's scared right now? Are some federal workers. Elon Musk. I'm telling you you're gonna see this guy cut, cut, cut, and cut more. And there's a lot of federal workers. He's already kind of teasing people on social media what he plans on doing.
It's going to be interesting to see what happens on January twentieth. It's going to be really really interesting, Elon Musk. You know, to be able to try to make the country and the government more efficient. How can you not be for that? How can you not root for him to be successful in that. I don't care if you're a Democrat or Republican. You have to root for that. More efficiency means not as much flock means maybe we can work at chipping away at that thirty five trillion
dollar debt. Nine. Let's go back to the phone lines. We have Bob, Hello, Bob.
Yeah, Hi, Steve, this is interesting, good good. We went to the doctor this week, large practice specialists, you know that type of thing, and he wound up talking about AI. He said, next year we're putting an application in where we will be able to talk to you. The AI will listen to the conversation, will lead out the small talk, and literally put in the information so I don't have
to sit at the computer. I can look at you and we can have a nice conversation instead of sitting at the computer trying to put things in the computer. While you know you're at the doctor. You've been to the doctor where they're sitting there on their laptop or whatever it is. You know they're there, They're they're writing their notes down, they're talking to you. So there's an application for AI. I thought, I said, wow, that is amazing, and that's going to really, I think, help them and
streamline things for them. So it's quite exciting.
Oh it's more than exciting. AI is here to stay. And I've been I say it every so often. If if you know, I say this to the listening audience, if you haven't played around with AI, go and play with it and just type in questions, write a letter, put it in AI. Let the AI program kind of help you fine tune that letter. AI is here to stay. You think of the medical industry where you used to have to go into a doctor's office and wait sometimes for hours right before you get in and then tell
the medicine happen. So now you can make a phone call, give your symptoms, take pictures of your of your mosquito bite or whatever, and and you don't even have to go into the office. And this is taking it a next step further. AI is going to be playing such a role. So you know, Bob, you bring this up just in the medical world, just think of all the other industries that AI is going to play an important
role in. And it's here to stay. So folks, if you haven't you know, after don't do it till nine o'clock. Hang in there with me till mine. But actually you got Joe Gallagher on at nine, so listening to Joe. Actually give Joe a call and ask him how he uses AI. I would love to hear him answer that question if he uses AI or not. That would really be entertaining. Actually I may call into Joe. I mean, tells Zach to keep me on the line. I want to be Joe's first caller and I ask him about AI.
God bless the guy. He's the funniest guy I know. But he comes on at nine, So wait till ten. At ten download one of these AI programs and play with it. You're going to be just it's gonna mess with your mind. So Bob, you're right. It's you know, it's it's here to stay and it's not going away. And if it can help us, you know, listen, when you're sick, you don't want to be told you can't get into the doctor's office for two months. By then you'll be better or debt. You need to get into
the doctor's office like today or tomorrow you're sick. So if AI can help the medical world, I'm all for great, great comment, Bob. I'm glad.
I'm glad all productivity will really go up. Okay, thanks you, Hey, Bob, you'd be well.
Enjoy this beautiful Sunday one eight hundred eight two five, five, nine, four nine. Let's go back to the phone lines where we have Margaret and Latham. Good morning, Margaret, good morning.
I'm going to be your public service announcements for the holiday. We were able to jump on board with Bouchet Financials several years ago. It's the best move we ever made. We are happy and content and your advice it's always there. The webinar fantastic. Thank you, very much for doing the service to the public and with this show. I've been listening for the last hour and the information is invaluable.
You are making me tear up, Margaret, you are making me tear up.
I wanted to call it. You know that people are listening to your show. We're out here and it's a service. It really is. Oh, thank you very much, and happy Thanksgiving to you and your family.
Thank you, Margaret, Thank you. You'll be well. I'm telling you, folks, I love my clients. When I tell you, every client that signs on, I tell them you're part of my family. Now I've surrounded myself by twenty colleagues who think like I do. All we care about is taking care of our clients, doing what's right for our clients. You know, my money is invested just like my client's money is. Not many, not many investments people can say that in the country. I'm proud to say it that I I
invest my money right alongside my clients money. But when I tell you I love my clients, I care so much about my clients when they put their trust and faith in me and my colleagues to manage their wealth. It's something that I don't take lightly. I take it very seriously. I take my business very seriously, and I am I'm just blown away by the relationships that I have with clients, and so many clients become friends, and it's just it's it's a beautiful, just a beautiful thing.
Once again, folks, I don't know where the hour went. We're coming up to the you know, end of the end of the show. You're listening to Let's Talk Money, brought to you by Bouchet and Andrew, where we help our clients prioritize their health while we manage their wealth for life. You know, our tagline is health, Wealth for life. And I tell clients, when you have your health, you have everything. If you're fortunate to have your loved one, spouse, parts,
partner or whatever, you're really fortunate. And if financially you're in a good place, don't mess around because you never know when your health or your loved one, when that situation can change. Believe me, I had a change to me this year, and it's pretty sad, and you know, I can't go back and change things. But enjoy life, enjoy your family. This Thanksgiving, go to our website bootshe dot com. That's b o U c h e Y, and you'll be able to look at those webinars Margaret
talked about. Thank you for listening, folks, have a good day.