Let's Talk Money

Oh, what an appropriate song. That's a great song, Zach. Zach Harris, my long term producer, kind of picks and chooses the music. He's a lot better at it than I am, and I love that song. Happy Easter, Zach, and happy Easter for all of those that are listening. If you celebrate Easter, may you have a happy Easter. I hope you enjoy your family and just make the most of it. It's a

special day and it's one of the holiest weeks that we celebrate. And I really, as I said, yesterday, I was down at Saint Patrick's Cathedral saying prayers for so many that I always promised to say prayers for. I was in the city and I always stopped in for those with cancer and depression and other illnesses. And it's you know, listen, folks, when you have your health, you have everything. There's there's nothing greater in life than

having your health. And if you're lucky to have your loved one next to you, your spouse, partner, or you know somebody that cares for you, and if financially you can do it, then don't mess around because you never know when your health may change. And that's what's important, So happy Easter. I hope you enjoy the day, and I hope you make the most of it. And if you have any questions, give me a call.

The phone lines are open one eight hundred talk WGY one eight hundred, eight two five, five, nine, four nine, any questions whatsoever. And the you know, the spot that leads into the show says we don't sell investments, folks. I stopped doing that back in nineteen ninety three.

Now that's a long time, and I've been a fiduciary since. So if you're getting loaded up with the nudies or mutual funds by somebody who works for a financial institution, I can almost assure you they are selling you a product, they make a commission, They may or may not have a conflict of interest. I know a lot of good people that sell mutual funds and annudies, and they do the right thing. There are a lot of people that get persuaded by the big old dollar, and believe it or not, you

can get paid more. They can get paid more, not me, They can get paid more by selling different products. Annudies especially, you know those nudies that they make sound as though they're no load of nudies. Last week we had a great question about the fees and ETFs, and I explained how, you know, the greatest fees are in annuities and annuities between the mortality and expense fees. The mutual fund fees wrapped around the variable annuity fund selections,

the you know, expense ratios. They could be three percent. And according to the Morning Star, the average fee for mutual funds is about one percent. And with exchange trade of funds, you know, they start out at point zero three percent. Our clients are loaded up with ETFs that start out as low as point zero three percent. Our total portfolio all in is less than point two zero percent. So it's a whole lot less than mutual funds, and absolutely a whole lot less than mutual funds. What's that mean?

In a nutshell? If the S and P returns ten percent, if you're in a mutual fund, you have to return eleven per to match it. If you're in a NODA, you got to return thirteen percent to match it. Yesterday I said sixty five to eighty five percent of the time. You know, these mutual fund managers, they can outperform their benchmark. Most benchmarks are measured against the S and P five hundred, So you know you're you're behind the eight ball before you even get started. And as the spot

said, we do not sell investments worre fiduciaries. We call it like it is. We I feel do an amazing job on behalf of our clients. But our advice is pure advice. We really tell clients what they need to hear and we point them in the right direction. So this morning, if I can point you in the right direction, if you have any questions, I'd love to talk to you. One eight hundred talk WGY one eight hundred, eighty two five five nine, four nine, any questions whatsoever, Give

me a call and let's you know, let's let's get started. You know, the week was like a a so so week. We had a hot week last week. I was on the show and I told you it was a hot week. You know, this week the number one winner for the week was the Russell two thousand index, and I was very happy about that. Listen, all of a sudden, more stocks are taking part in this stock rally, and I am very optimistic, as I said yesterday, very optimistic that the stock rally is here to stay. We're going to have a

correction, absolutely, I guarantee it. I can't tell you when. I can't tell you if it'll be in the second quarter, third quarter, fourth quarter, but you hear me tell you. Often that peak, the trough, high to low. The market swings about fourteen percent in any given year. Over the last forty four years, fourteen percent was the average swing. That means it goes from high to low and back to high. You know, it's funny. The one thing that always happens with stocks, they always

go back to all time highs. It's a beautiful thing. And this is why you can't get really scared out of your investments when there's volatility. Take it in stride, knowing that you listen. If you don't need your money over the next twenty four months, let it ride, Let it really play itself out. That's what happens with corrections. They come every year every year. The market can't just go straight to the moon like Elon tushs musks satellites.

Can you know? The stock market takes a little breather here and there. So this stock market, I think, with everything that's going on, listen, we have a strong economy. We got the PCE report which showed that the economy is pretty resilient. PCE is is, you know, the the you know index, the Consumer Customer really premises Equipment Index compared to the Consumer Price Index. It's it's the Fed's favorite favorite index of measuring measuring inflation.

And it was pretty good. The CPI report last week was pretty good. So we have a we have a resilient economy. We have a strong labor market. We're putting people to work. Thank god, we didn't have to lay off millions and millions and millions of them to bring inflation down. Just taking interest rates like the Fed did did the job and we did not go into a deep recession. There's a lot to be optimistic about. I

am optimistic, and we are fully invested. That means that if we have a sixty forty target, sixty percent stock, forty percent bonds, alternative assets, cash, we're fully invested. We're not building up any cash. We have all that money to work because I like bombs right now as much as stocks. Right now, there's a ninety four percent, ninety four percent chance that the Fed will cut interest rates up to three times later this year.

Ninety four percent chance. So why do I like bonds piece there's an inverse relationship when when yields come down, when the Fed starts cutting and yields come down, the price of the bonds go up. So right now I think it's a good time to load up on you know, six months, one year, two year, three year, five year, seven year, ten year bonds. I think it's a great time. And I like US treasuries right now New York state tax free, so you get a little bit high

yield. It's a great time. So I'm you know, I feel that the stock market will continue this rally, but there will I promise you, I guarantee you there will be a little bump in the road. I can't tell you when. So the Russell two thousand up two point five four percent. That means that mid caps small cap stocks actually outperformed large caps this week. It wasn't all about the Magnificent seven. I should say the Magnificent five

because Tesla and Apple are underwater this year. So the Magnificent seven really has two stocks that are trading in the red. And you know, the Russell two thousand doesn't have those stocks in their portfolio. The SMP does, and the SMP was up point four percent, up point four percent, and then you have NANSDAC, the Nansdack composite down point three percent, Nasdaq one hundred, which is qq Q. When you buy triple qes, you're buying the

one hundred largest companies in NASDAC down point four six percent. So year to date, you know, the S and P is still up ten percent, ten point two to be exact, and Nasdaq is up nine point one. QQQ is up eight point five lagging the broad market a little bit. But remember, you know, that's okay. We were rewarded last year. Now, the Russell two thousand, which is what I'm excited about. You know, that's up almost five percent year to date. That's a beautiful thing to

see the Russell two thousand start to take off. That's that's good for stock investors, folks. That's what we want to see. One eight hundred eighty two five five nine four nine one eight hundred eight two five fifty nine forty nine. I'm going to take a quick fifteen second break on this eastern morning. If you have any questions, give me a call. Thank you, folks for letting me. You know, I'm sipping on a little cup of

tea this morning. So thank you for letting me enjoy just a little little tea, and thank you for tuning in this morning folks, especially on Easter morning. Happy Easter to you. So I talked, you know, and if you have any questions, please call in talk to Zach. Zach will talk to me and I'll talk to you. One eight hundred eighty two five five nine four nine. That's one eight hundred eighty two five fifty ninety nine, any questions whatsoever. So this week we had a big report, the

Fed's favorite favorite report on inflation. It's called the the Personal Consumption Expenditures Price Index BET are known as PC and it's the reserves key inflation metric. This is the one that they look at the most climbed two point five percent on an annual basis in February. This comes from the Commerce Department. I do not make these numbers up. So Friday we got the PCE report and which was what was ironic was Friday was good Friday. Although every Friday is a

good Friday, but this Friday was really a good Friday. And the stock markets were closed, so we haven't seen the reaction from the stock or bond markets because they were both closed on Friday, So we'll see on Monday tomorrow how the markets react. So, you know, the PCE, which is what the Fed looks at. Sure they look at the CPI report as well,

but this this show a two point five percent gain the PCE. It's basically it strips away more volatile food and energy costs, and that core PCE rose two point eight percent, which was in line with analysts expectations, So there was no surprise. Month over month PCE jump point three percent from the previous month, less than what was expected zero point four percent. Analysts were expecting point four so jump point three and the monthly rate also cooled cooled.

Yeah, I'm getting tongue tied. Cooled slightly these January was a pretty good month core PCE, you know, up about point three percent. So while core inflation came in as expected. You know, markets we're gonna have to wait till tomorrow to see how they react. And inflation, you know, it's cooled down a little bit since the last year, and that's that's good news. We want to see that. Remember a couple of years ago, inflation was over nine percent, So now we're down in the three percent range.

The FED once a two per target. So we'll see what happens the you know, US Central Bank. You know they're listen, Jerome paul Is, he said it more than months they are going to cut rates this year. Now, we also know in the past that the FED has has said things and they really weren't able to follow through on what they say because folks remember, inflation is a moving target, inflation that every month when the reports

come out, the FED looks at it. So right now they're happy with what they see and they're okay that maybe inflation is a little hotter than not. And right now there's a ninety six ninety six percent chance that the FED will hold rates steady at its next meeting, which doesn't surprise me. I said the same thing when they met last week, that the FED was not

going to raise rate. They weren't going to the lower rates either. I think you'll see the Fed stay steady, Eddy, And I think when we get the cuts, if we get the cuts right, I don't have a crystal ball, but if we get the cuts, we'll get them probably summertime, early fall. I think that's when we'll start to see the first first cuts, and that'll be good news. Another reason why I'm optimistic on the

stock market. That'll be great news. So you know, last week we had the CPI Consumer Price Index and that basically showed that inflation was high. That's more. You know, the CPI Consumer Price Index measures changes over time and the price of goods and services that households acquire for the purpose of consumption, and it's a good measurement of inflation. The CPE is a little bit more broader. The CPE looks at more things, and I think that's why

the Fed. FED really likes the CPE over the CPI. So the CPI that came out last week just showed that inflation, you know, it's good, but it's it's it's you know, it didn't come down as much as maybe some were hoping. So, as I said, the Fed right now, the Open Market Committee, there's there's a really good chance that we're going to get two to three cuts later on in the year, and I'm excited about that. That is good news, and I think that's going to be

great news for stock investors. Listen, the market likes it when the rates are on pause. Which is what they're on now. They're not being hyped. The market doesn't like it when interest rates go up. When the FED hikes the FED Funds rate, especially growth companies that have their cash flows discount on it, and higher the interest rate, it's it's harder for these companies to really keep up. So you'll see a lot of growth companies, especially

technology names, get hit. That's that's what we saw in twenty twenty two when Nasdaq was down thirty three percent while the S and P was down almost twenty percent nineteen point four to b Zach Because those growth companies get hit harder, and we're we have our fair share of growth companies and our portfolios. I'm okay with that. I'm very okay with it. And our clients know.

We educate our clients. They know that we have a lot of growth stacked up in the portfolio, and during times like twenty twenty two when the Fed started hiking rates, we're going to lag a little bit. That Nasdaq, which is a core holding for our clients. We have as much Nasdaq as we do the broad stock market index. So you have our top two holdings, one down almost twenty percent, thirty three percent equal weighted in our portfolios. So of course that NASDAK is going to you know, take it

on the chin. But then you have a year like last year where where the SMP was was up twenty four percent, but Nasdaq was up fifty five percent. There's the difference, folks. That's that's the difference. So well, we'll letucate our clients. We'll let them know, and over time, I think that's why our returns have been as stellar as they've been. One eight hundred eight two five five nine four nine. One eight hundred eighty two

five fifty nine forty nine. Any questions, any questions whatsoever, Folks, give me a call on this Easter morning. Let me talk to you, Let me give you my opinion, get your pointed in the right direction. I would love to do that. One eight hundred eighty two five five nine four nine. So how does this, you know, the FED looks at preferred inflation rate PCE. How does that affect, you know, investments in

general? So that Personal consumption expenditure index, you know, that's the key indicator used to track how much more expensive it's getting for households in this great country of ours to buy the things that they typically consume. It's a broad index, as I said a few moments ago, It's measured by the Bureau of Economic Analysis b EA, and basically it focuses on consumer spending PCEE inflation.

It focuses on consumer spending. It represents a total spending by US households on goods and services by tracking price changes in a basket of goods and services. It's the Federal Reserves preference. That FED loves the PCE. They closely monitor it, and I think they'll be happy with the report that came out on Friday. And then you know, basically in a nutshell, not to repeat myself, but the CPI they both capture inflation. They have little,

little slight differences in how they do that. The PCE is more more broad, and that's you know, that's why the p CE is the fed's favorite. So we'll see what happens. You know, remember with fixed income ETFs, as interest rates get cut or go up, you know, there's duration sensitivity. So the sensitivity of bond ETFs to interest rate changes is influenced by

their duration. ETFs will longer with longer durations are more sensitive to interest rate changes, so if you're working with an advisor, have that advisor point out what's the duration of your fixed income investments. If you're buying individual bonds compared to mutual funds or ETFs, find out what the duration is in the yield changes. Remember, you know, when interest rates go up, it affects It affects bonds in a big way. But we don't see really interest rates

going up. And as I said a few moments ago, with growth stocks, basically you know, because their price is looking at future earnings potential, when interest rates rise and it increases the discount rate used to calculate the present value of those earnings. Which is why in a year like twenty twenty two, when the Fed first started hiking interest rates, Nastack was down thirty three

percent. It's loaded with growth companies. Then you have dividend ETFs. If you have dividend stocks in your portfolio, and the way of ETFs, the changes and interest rates on dibbenend ETFs, it's there's different various factors sector exposure, interest rates, inivity, what are the underlying holdings, investor sentiment,

and so forth. For example, real estate ETFs better known as reds, are EI T they invest basically, you know, in real estate related equities, and they're highly sensitive to interest rates because reads often use that for financing. So if you have reads in your portfolio, take a look. We're

coming up to the bottom of the hour. I can't believe it. You're listening to Let's Talk Money, brought to you by Bouchet and Answer Group, where we help our clients prioritize their health while we manage their wealth for life. And it is all about their health. Folks, I can't begin to tell you. If you don't feel good, go get it checked out. Don't don't don't you know, don't be macho and feel that dad. It'll

go away. Listen, we pay a lot of money for health care, and we're going to be paying a whole lot more money for health healthcare. With all the people that are coming in across our borders. We're going to be giving them everything under the sun, cell phones, healthcare, you name it. So healthcare is going to get more expensive. Go to the doctor, get it checked out. One eight hundred eighty two five five nine four nine. Give me a call. One eight hundred eighty two five fifty nine

forty nine. See you after the news. Well, the one thing I can promise you, folks, although for the last couple of months I gave you the countdown how many days till spring sprink came, and holy cow did it surprise us with all that snow. But the days will get longer and they will get warmer and the sun will be brighter. Those days are coming. Hallelujah, Happy Easter, folks. Thank you for hanging in through the news, and thank you for tuning in today. Thank you for tuning in

every weekend. I am Stephen Bouchet, not one of my capable colleagues, but you have me myself here with you today. And you know how excited I get doing the show. I've been doing it for twenty nine years and it does not get old. I love doing this show. My wife thinks I'm crazy. She says, you you love the weekends and doing the show. I said, I absolutely do love the weekends, and I absolutely do

love doing this show. I love talking to the listening audience and giving them different things that think about and you know, maybe maybe you know, challenging them a little bit and having them think outside the box and so forth. So if if you have any questions that I can help you out with one eight hundred eighty two five five nine four nine one eight hundred eight two five fifty nine forty nine. Folks, any any questions whatsoever, give me a

call. I would love to talk with you. So we do have a caller. But he was shy, he did not want to hang on for too long. So hopefully I can answer his questions. Basically, he wants to know what I thought of GE. And last week I went through a whole you know, thesis on GE because GE was was really for the for the first time in a long time, folks, GE is going places. You know. GE year to date, you know, it's up thirty seven

percent. GE Healthcare, which was the first spin off came out last year, up year to date seventeen percent, compared to the S and P being up about ten percent. In this past week. GE Verona was was spun off. And I'm telling you this, Larry Kolper, he was not a GE guy. He came in from the outside. Thank god, they finally got it right. Listen. When when you know, the great Jack Welch retired, he chose Jeffrey am Melton, who was probably one of the biggest

ego, maniac, pompous, you know what's around. I mean, I'll just sum it up this way. He was a type of guy. And it's okay for CEOs to have private jets taking them here or there. Listen, time is money and it's valuable, and if the corporations can afford it, then there's nothing wrong with it. I have absolutely no problems with that. He used to have a second one follow him around the world just in case, you know, the first one needed some mechanical issues. If that's

not pompous, nothing is anyway. Since since Jack Welch, may he rest in peace retired from g E, g E has sucked when g E has been absolutely nothing and GE was just a terrible, terrible investment. And all of a sudden, Larry Cope came in a few years ago shook things up, an outsider that came in and looked at the business and really, really, you know, so broke the business up into three. You're gonna have GE, GE Healthcare, GE Verona, the three different big parts of the

business. And you know, GE finally, finally, is is doing all right. If you look over the last year, you know, GE is up eighty six percent over the last year, and you know, GE Healthcare up about you know, ten ten percent. You know, if you look at the high point of GE, GE's high point, you know we're still way, way, way way below it. At the turn of this great century of ours. You know, GE, the thesed price after splits and

everything was about three hundred or one hundreds gesus. I'm getting tongue tied three hundred and fifty two dollars a share. GE has a long way to go to get back to it's all time high. And this is why you got to be careful if you have anyone stockholding in your portfolio, be careful. As great of a company as GE was back in the eighties and nineties, GE sunk wins since the turn of the century, the year of two thousand, the last twenty four years. GE really hasn't done anything until really just

a couple of years ago. GE has lagged the market and just been been, as they said, sucking win big time. So G is finally on its way. So for the call of that did not want to hang on. That's my thoughts on on GE, and I had a good week this week. I think GE is a different company depending on which company. I think all three companies are probably going to be managed better than they've ever been managed before. Hopefully that helps you. One eight hundred eighty two five five

nine four nine one eight hundred eight two five fifty nine forty nine. Any questions, any questions whatsoever, give me a call, love to talk to you. So last week I told you this story. We don't lose many clients, folks, We don't lose many clients. But we lost a client two weeks ago. And he gave me his permission as long as I didn't mention his name because he knows he's making a huge, huge, huge, huge, huge, huge huge mistake. So I said, geez, can

I just tell the story on radio? And he said, sure, you can't. Just don't use my name. I said, I would never use your name anyway. This client, he's been with me eleven years. We did a knockout job for him. He was one of the nervous nellies, not always listening to our advice. He was one that let his emotions get the best of him. I always say, we get paid. What we get paid the most to do is take emotion out of the decision making process.

We get paid to use you know, information and make rational decisions managing the portfolios in a prudent way. We don't get paid to think with our heart. And a lot of investors out there, you know, just you know, one little you know, bump in the road, or signs of bad news headlines, or they're listening to you know, some of these coops on the financial form, financial shows. You know, they get scared.

And you know this client, and I really cared for this client. He knows I cared for him because you know, I would talk to him if I could come across the phone lines. He knows i'd be shaking him because I promised him that's what I would do before I let any client shoot themselves in the foot. I'm shaking them. I'm pointing out the good, the bad, and the ugly. And this client, you know, he didn't listen to us all the time. He would have us pull out of the

market piece he couldn't risk losing any more money. And I would say, well, I guess you just booked that loss now, because once you come out of the market, you're booking the losses. I said, Otherwise it's just on paper and the market will go back to make new all time highs. So long story short. A couple of months ago, some insurance salesman selling him an annuity, and thank god I was able to save him from

that. And he said, yeah, yeah, thanks, he said, Steve, I you know, you know, I'm glad you you really help get in my face and keep me focused. Well, I couldn't keep him focused enough. A couple of weeks ago he got a taste of bitcoin and basically he severed his relationship with us, and his parting words were, Steve, if I had listened to you every time I got scared, I'd have a whole lot money, more money because you were right every time. And

I wish I listened to you, and thank you. I truly appreciate it. But now I just need to gamble. I need to gamble and try to make money. And that's a terrible word to use, folks. Listen. I went to the Fort Florida Derby at Gulf Stream yesterday. That's where you gamble. You put two dollars to win on a horse. If it doesn't come in, you lose the two dollars. That's gambling. You don't

want to gamble with your life savings, especially your core holdings. And if you do, you open up a account like a little sandbox account that I talk about. I have one. I like to play around, and I have some bitcoin in my sandbox account. But my core holding, my and my wife's investments are managed just like each and every one of my clients is managed. The only difference is I'm one hundred percent invested in the stock market

piece I'm very comfortable with risk. When the market goes down, it doesn't scare me. I don't even look at my portfolio. That's the god's honest truth. That's not what I do. So I couldn't say this client from his own doings. And he's probably listening, and he knows that I care for him. He knows that I really tried my best to save him and I could. And he's loaded up on bitcoin and in the first week he lost twenty percent twenty percent. Now bitcoin has come back, but bitcoin is

going to be a wild ride for him. And it's like GE. You know, I told you that prospective client I had back in nineteen ninety nine, ninety percent of his portfolio was invested in GE. He did not engage our services, Angela Saysney, and I remember the meeting. Well, Angel is my director of client services. She's in her twenty sixth year with me. Man, I thought my wife was stuck with me being married as long as we've been married. Angel has been stuck with me almost as long.

But long story short, this perspective client, we told them we're going to come up with the plan to divest yourself. You got way too much g e Stockey. He thought he knew more than I did. In hindsight, unfortunately, my heart aches for him because he's, you know, he went from being pretty pretty well off, but he would not hear anything about selling off and even ge stock. And that is back when ge literally literally you know Pete. And in today's share price it was at like three hundred and

fifty two dollars a share based on all the splits. Back then it was like fifty eight dollars a share. And within within two short years he went from three hundred and fifty two dollars a share to one hundred and thirty eight dollars a share. Folks, that's not how you make money. That's not how you make money. One eight hundred eighty two five five nine four nine, one eight hundred eighty two five, fifty nine forty nine. Any questions, give me a call. So the moral of the story is, don't

get greedy. Do not get greedy, you know, really really, just just have a well diversified portfolio. Take on the amount of risk that you're willing to take on. Remember, the markets will go down. So if if you see a five percent, ten percent, fifteen, twenty percent paper loss in your portfolio, well that's that's your breaking point. That's your tolerance for risk. How much can you tolerate me? Listen, when two thousand and seven hit and the market was down fifty percent over the next year and

a half, I was not phased. Did I like it? No, I'm human. It hurt me to think that. You know, I lost fifty percent of the value of my portfolio, but I did not sell. Actually, I looked for more cash to put in because I knew the markets were going to come back, and they were going to not only come back, but come back and make new all time highs. It's funny how the market does that. It goes up and down, up and down, up and down, but it always comes back, and it always goes on to

make new all time highs. Crazy isn't it. This is why you need to be disciplined. This is why so many well, we managed one point three billion dollars for our clients, and they put their full faith and trust in our services because they know we were disciplined and we take the emotion out of the decision making process for them. They know that we're watching it and

listen. There's something to be said about that. So if you're managing your own money and like this former client of mine, and you're making decisions that really aren't good decisions, you got to stop making those decisions. It's like when the doctor, you know, you go and tell tell the doctor, hey, doctor, it hurts when I put my arm up. What's the doctor say, don't put your arm up. It's it's just, you know,

you got to save yourself from yourself. So hiring a firm like ours, we always think we bring value to the relationship because we do take the emotion out of the decision making process, and that's that's that's important for investors. Eight eight two, five, five, nine, four nine, any questions, give me a call on this Easter morning. One eight hundred eighty two five fifty nine forty nine would love to talk to you, love to talk to you. One eight hundred eighty two, five fifty nine forty nine.

So you know, I'm happy with the start of twenty twenty four, and history suggests that the year as a whole will end up, you know, not with a whimper, but with a bang. More statistics of why I'm optimistic on the stock market. Oh please, God, let me be right six months from now. Let me come back and tell the listening audience that I was right, so that I don't have egg on my face.

But there's no guarantees. So the SMP, as I said, up just over ten percent for the first quarter of the first three months of twenty twenty four. That's only the fourth time since the start of the millennium it has gained eight percent or more. In the three months of the year twenty twelve, twenty thirteen, twenty nineteen, the SMP was up twelve percent, ten

percent, and thirteen percent, respectively. Overall, the index has managed to gain eight percent or more during the first quarter only seventeen times since nineteen fifty. Only seventeen times over the last seventy four years have we seen the SMP up eight percent or more. The first quarter rally comes on. You know, I told you last week or last week last year, we were up

twenty four percent. A lot of people didn't think the SMP had it in it anyway, long story is short of the sixteen times the SMP has managed to rise eight percent or more in the first quarter since nineteen fifty only once, in nineteen eighty seven, the year of the Black Monday crash, did the index lose ground in the rest of the year. In the other fifteen years, nine point seven percent the SMP was up and continue to go up.

That's good news. Reason to be optimistic. Let's hope history repeats itself. One eight, eight, two, five, five, nine, four nine. Let's go to the phone lines where we have Jackie on hold. Hello Jackie? Oh is it Jackie or Joques? Good? Jock? Oh? Jacques? Paralie? VOUFRONSI? How are you? Jacques? What can I help you with today? I'm calling? Well, uh, maybe you could tell me what my options are? Looking for an investor currently? What

do you relocate? Looking for investor relations to relocate? I don't understand. Yeah, so what do you you you look in the week? Locate? Are you moving for a job. Yeah, yeah, so we don't. You're good. No, we we don't really do that. What we help our clients do, Jacques, is when they move from one job to another, we help take their pension plans and roll it over into a IRA so that they have a better overall retirement rather than leave it behind. But yeah,

we we don't really do job relocation. Shot. Sorry, I couldn't help you. Be well, Happy Easter, stay healthy. One, eight, eight, two, five, five, nine, four nine. Let's go back to the pole lines. We have John. Hello, John, how are you doing that? Couldn't happy? You're doing good? Here? You happy? Well, thank you, Happy Easter to you. I got a quick quick question. This is a sandbox question. Uh DJT as a as a say a play? What do you think a play? I love

that? You know that's like that client who wants to gamble, right, Oh yeah, it's It's like if I was to go to the casino and the lost one hundred dollars, I'd wind moan, you know, bitch and complaint if I have a you know, you put one thousand dollars on a on a doc whatever you put in and it goes down the tank. Yeah, that's not a problem at all, you know, a weird psychology. But yeah, I know, I know. Well this something like this is

for your sandbox account. And if you have five dollars, I want you to go to your local Stewart's store and I want you to buy Yesterday's Baron's magazine. It's a weekly magazine. Because the front cover is all about Trump and the Trump Median Technology Group and John, You're going to get a pretty good education on whether or not you want to buy it. I think the

price got hyped up. They you know, Trump made God, isn't that worth went from three billion to seven billion dollars because of this is he merged this Trump social platform and you know this media company just took off right through the charts. So get this week's Barons and you know, educate yourself before you put too much money in it. The point of the article is, you know, this may be good for Trump, but maybe not for investors.

So you kind of think about that, put that in perspective. Maybe you know, maybe you know, there's not much left in there for investors. It had quite the run this week, and if you do get into it, see if it comes off a little bit. Listen Trump has quite the following, almost like Apple products. Apple one of the most loyal customer base there is. And listen for people that like Trump, that want him to be our next president. There's no talking to his supporters. He is.

They drink his kool aid and they can't get enough of it, and they want it in every flavor. I said yesterday, this great country of ours, why are we presenting to the American people two eighty year old candidates as our next president? And I'm not no, I'm not saying good or bad about either of them. But listen, folks, you're eighty years old. You're not going to be let's say, like, you know, maybe somebody younger, and you know, at eighty years old running our country.

You know, listen, you know these are the two candidates we're given at the moment. Anyway, we'll see what plays out over the summer. So the Demo are giving us an eighty year old. The Republicans are giving us an eighty year old. I said yesterday, we got Robert Kennedy coming in as an independent. It'll be interesting if he stays in the race how many votes he takes away. But it's going to be an interesting year for presidential

elections. And if you're worried about the stock market, don't. I gave a statistic yesterday that the stock market will be just fine. Go back. It doesn't matter who gets elected, a Republican or a Democrat, or heck, maybe even an independent. The stock market looks at the fundamentals, looks at the economy, looks at the jobs picture. It doesn't really matter what the policies are. You may have a little bump in the road, but

anyway, go get this week's Trump. I get my Barons on Wall Street Journal every Saturday in Stuart's and it's a great place to buy these magazines and newspapers. And there's a whole two three pages on it, John, and you'll you'll get a good education. You'll decide if you want to add it to your sandbox account or not. John. Hopefully that helps you any other questions. I'm good, Thank you very much. So did you call me, babe? When you answered the phone? Did I call you? What,

sir? Babe? Babe? Yeah? I thought you said, hey, good morning, babe. I could have you know, Hey, babe, I'm an any one year old tier Tier one employee. Oh good for you. Still alive. Don't have too many Good for you, John, That's that's a beautiful thing. I hope you have a great Easter. Stay healthy, my friend. We'll talk to you soon, Babe. We're coming up to the end of the show you're listening to. Let's Talk Money, brought to you by Bouchef and Andrew Group, where we help our clients prioritize

their health while we manage their wealth for life. Go to our website. We got some good information up their good blogs bouchet dot com and folks, thanks for tuning in every week Saturdays at ten, Sundays at eight, and please come back next weekend. In the meantime, Happy Easter, enjoy your day, enjoy your family. Stay healthy, folks,