Let's Talk Money

just to take the chill off. So if you're still snuggling up, pull up those covers for the next hour, if you're up having a cup of Joe, or if you're out and about, I thank you for tuning in, and if you have any questions, any questions whatsoever, I would love to talk to you. The phone lines are are one eight hundred talk WGY one eight hundred, eight two, five, five, nine four nine. So Zach, I know you're a big

sports guy. You know I don't follow baseball a lot, but I guess it was a tough one again for the Yankees last night. Huh yeah. They had bases loaded and the Dodgers were able to get out of the jam. You know, there's something about that town of La That is just not kind, is it. They're one of the best teams in baseball, so no surprise here. Yeah, well you're very, very diplomatic, but I'm guessing we're surrounded by a lot of Yankee fans who who were frustrated went

to bed with a little bit of angst. Anyway, good series. Hopefully the Yankees bounced back, which I think I heard this morning on one of the news programs, Zach, I forget how many times, but the Yankees have bounced back being down zero and two to overtake this series. Put it this way, You're supposed to win the home game, so now when they go back to New York, you got to win those games. There you go, there you go. I'm telling you, Zach Harris knows his sports one eight

hundred eight, two, five fifty nine, forty nine. Any questions whatsoever, Love to talk to you. Had a great show yesterday, a lot of good questions from the listening audience. Hopefully I got some people pointed in the right direction. As I like to say, you get one opportunity to retire, folks, one and you don't want to blow it, because if you work decades trying to make it to retirement and all of a sudden you're not prepared. You can't go back and make up for all those decades when somehow,

some way you should have been saving money. And I know it's easier said than done, especially for people that are on tight budgets. Social Security is a beautiful thing and it right now on average about fifteen sixteen thousand dollars a year, some people less, some people more, but on average, and if you need more than that, if

you're a married couple, that's thirty thousand dollars. If you need more than that, if you need fifty thousand or one hundred thousand to live on for the quality of life that you always dreamt about, that means you have to start pulling money from your savings, the money that whether it be a pension plan at work that is saved up for an investment account. The point is the statistics say if you're not saving ten to fifteen percent of your salary, more than likely you're not saving enough

unless you've done some really good retirement planning. With a farm like ours, we have nine CFP certified financial planners, so we really focus in and that's what most people are saving for is retirement. There's a lot of other goals, but retirement for most people is the number one priority.

There's you know, saving for or second house, saving for a bigger house, saving for children's education, all of that, but for the most part, we always say you have to focus on your retirement because when you reach that whatever that patch of ages some people at sixty, sixty, five, seventy, whatever that age is, and all of a sudden, if you need a million dollars saved up, just to give simple numbers, we always use four to six percent as

a safe withdraw away. So if you have a million dollars saved up, you know you should be able to grab fifty thousand dollars a year and feel rest assured that your your nest egg will last. But about fifty thousand dollars a year for a million dollars, and that's a that's a safe bet. So going back to that example, if you and your spouse are getting thirty forty thousand dollars from Social Security, you get another fifty from the million dollars that you've saved up through pensions and other

forms of saving. You know that it gives you ninety thousand dollars a year in income approximately, And that's a good rule of thumb something to kind of think about. Now, the question is how do you save to have a million dollars at age sixty five? That's that's where discipline comes in. And you know, listen, we're all human. When we have money in our pocket, we spend it where it's there. You feel that need to spend it, you spend it on something, probably things that maybe we don't

always need. But the money's there, it's burning a hole in your pocket, so you want to spend it. So that's why paying yourself first is really important. Getting that money into a retirement plan at work, right from your paycheck before you get a chance to spend it, is the best way to go. I advise anybody who will listen to me, just do at least start out with a flat ten percent of your paycheck. More than likely

your company has a matching program. Most most pension plans four O one key plans match up to six percent. Every company is different, but that's free money. So if you're putting away six percent, maybe your company's matching you. You know, two, three, four, five, six percent. Every company is different. That's free money. That's like getting a raise. And remember the money that goes into your pension plan,

you're not being taxed at. So if you're doing one hundred dollars, maybe you're only missing, you know, sixty five seventy dollars out of your pocket because you're not being tax on that. Uncle Sam gives you that that tech tax break. You'll be taxed on it at retirement when you take it out, but more than likely you're going to be in a lower tax bracket. Although there's nothing guaranteed that the taxes we know are the two things that are guaranteed. So you you you you putting money

away into a pension plan. Uncle Sam gives you a little break. And as I said, it's so important to save for retirement. One eight hundred eighty two five five nine four nine one eight hundred eight two five fifty nine forty nine. Well, I guess it's Halloween season. I know, yesterday I saw a lot of costumes on social media. You see everybody kind of showing off all of their costumes. And there's some pretty good costumes out there, some really

good costumes. You've heard Ed Wilhelm my, you know, God, you know ed we hired right out of Santa College, and he was the captain of the rugby team, and he's done an amazing job for us, a real good asset. And this morning what pops up but Ed and his two buddies standing like like like they are at the perfectly best priest that you've ever seen. It inspires me to go to mass after after the radio show this morning. It's you know, it was a good, good, good costume.

But there's a lot of great costumes out there and a lot of people getting really really all set for this this Halloween season. I think a lot of people celebrated yesterday Halloween, but I think Halloween really is what Thursday. I think, whatever day it is Wednesday, and you know, let's hope the weather holds out, especially for all the little ones that are walking in the street. You know, if there's ever a day when you need to be

real careful about driving, it's Halloween night. One eight hundred eight two five five nine four nine. Zach, can I take a quick fifteen second break. Don't go anywhere, folks, Thank you, Sack, and the phone lines are open. One eight hundred eighty two five five nine nine. Kind of a mixed week in the markets, the SMP down almost one percent, but NASDAK up just zero point one six percent. I guess you can say it's flat, but it's nice when you get a positive, any kind of a positive.

So NASDAK actually beat the odds up point one six percent, SMP down point nine six percent. You know the big major asset that index that was down with the Russell two thousand down about three percent. And I keep saying the Russell two thousand really needs to take part in this rally, because that means the stock market rally is for real, and it's broadening out, and there's more companies than just a magnificent seven that are taking part in

the rally. So you're to date you have the SMP up about twenty two percent, NASDAC up almost twenty three, twenty four percent, QQQ, the Nasdaq one up about twenty one percent. Not a bad year, of folks. It wasn't supposed to be like this. And for as I said yesterday, the stock market is up more than it's down. And I am not here pushing stocks over bonds, over commodities, over real estate, over cash. Those are the big asset classes.

To me, A well diversified portfolio is good. Although personally I'm one hundred percent invested in the stock market piece I know over time, stocks are really the best have been the best performing asset class. And people look at stocks as being risky because they see it every day you turn on the news. It's the topic of conversation. The market's up, the market's down. The market's up, the market's down. That's not risk, that's volatility, and volatility comes

with being invested in any asset class. I don't care if it's stocks, bonds, commodities, real estate. Every asset class, even cash has risk. If you're getting if you're getting a two percent yield in your cash account and inflation is three percent, you're losing one percent. That's what we call real return. You're yield after inflation, and you have to take inflation into consideration. Right now, inflation is depending

on which indicator you want to look at. You know, let's say somewhere between the mid twoes to the mid threes, whether you're looking at broad number, Core number, CPE, CPI, somewhere around let's say three percent, give or take half a percent. That's what inflation is now cash right now. Yesterday we talked about the bond market and how especially you know, all of a sudden, yields have gone up.

So for a six month Treasury bill you're getting about four or point five percent, so man's that's pretty good. If inflation is three percent, that gives you a positive one point five percent. So right now cash looks good, but we don't know where rates will be, where they'll stay. That's why I talked yesterday about ladder and a bond

portfolio or a CD portfolio. Right now, I like bonds better than treasury bonds, better than CDs because you get a New York State tax break for those of you living in New York State or whatever state you live in, and that that kind of adds to the yield, that bumps it up a little bit. And it's guaranteed money. And you can ladder a portfolio. I mean, you can buy three months, six months, twelve month, two year, three or five year. You get the picture. You can buy

really whatever maturity, whatever you want. And that's nice to ladder a portfolio. And then you know, if you start out with a six month, when that's six month matures, you just re up it for another takes takes the guesswork out of the equation and over time, it's really not a bad for those of you that buy individual bonds or CDs, it's really not a bad way to go. A lot of people just buy bond ETFs or mutual funds where they're getting a decent yield. I know our

fixed income alternatives are doing very well. I know our jetpie has almost a nine percent yield. It's not guaranteed like a treasury, but it's been very good to our clients are preferred stock, same thing up almost really decent yield and good, good returns. So we're not invested just in bonds and our fixed income. We always blend some alternatives in there to kind of give us a little more alpha, let's say, a little more ump bang for the buck, however you want to describe it. It's just

the way we've managed money. I've always believed in blending in some alternatives into just plain old fashioned bond type investments, whether they be individual bonds. Some of our larger clients we buy individual bonds for where we can. We have enough money to spread out. A lot of our clients, as I said, have ETF so we don't have any mutual funds right now in the portfolio. We try to

shy away from mutual funds. I think ETFs exchange traded funds are a much better type investment, more efficient and usually internal management fees. And believe me, there's internal management fees and all types of investments. When you buy an ETF, a mutual fund, and annuity, knowing what those internal management

fees are is important. Our core holding starts out at point zero three percent internal management fee point zero three percent according to the morning Star or the average fee in mutual funds is somewhere around one percent, and in annities it could be two to three percent or more. With all the fees, the mortality expense charges, all of those guarantees that they want to give you. That all comes at a cost. So annuities are usually the most expensive form of investing, which is why we shy away

from annudies. We haven't really recommended anybody look at a nodies since the late nineties when the tax code changed. It used to be taxed if you had a non qualified account, an individual or a joint account. You put one hundred thousand dollars into an annody and it grew two one hundred and fifty thousand dollars. That fifty thousand dollars would have been taxed like a capital gains, which

is a whole lot less than ordinary income. They changed the rules in the late nineties, So if you're buying a nodies one, if you're buying it in a non qualified account, you need to kind of outweigh all those fees and see if those guarantees. The biggest guarantee with an annuity is when you die, not if when you die.

Let's make believe you invested one hundred thousand dollars and there's a twenty percent market correction and you die and your value of your account is only eighty thousand dollars. Guess what that insurance company guarantees you. Your beneficiaries will get one hundred thousand dollars. Now, folks, there's some guarantees of life you just don't want to take advantage of that being one of them. You don't want to die to take advantage of the guarantee of that annuity going

to your beneficiaries not losing a penny. It sounds like a great story. Be believe me. I could sit here and sell annuities all day long and make a whole lot of money and commissions, but a couple things. As a fiduciary, we do what's right. We give advice that we feel is prudent. I don't feel annuities are proven for most investors, just my personal opinion. We could line up five insurance agents that feel just the opposite, because in order to sell an ann noity and earned commission,

you have to have an insurance license. So we could line up and they may call themselves financial registered representatives or whatever they want to call themselves, but they're selling an noodies. They're making six percent commission, telling you that you don't really pay that commission. It's kind of hidden in the fine print, which it is hidden in the fine print. It's just, you know, it's just not in my mind. Great investment. Mutual funds are are. There's some

good mutual funds out there, believe me. Problem with mutual funds is you can only buy and sell at the end of the day net asset value and av Most mutual funds come A shares with an front sales charge B shares. They're sold some non ethical advisors sell them. Is no load investments because you're not paying enoupfront sales charge, but heaven help you if you ever try to get out in the first usually six years, you're going to have a back end sales charge. That's a backloaded sales charge.

It's there, it's built in. And usually the internal management fees of B shares is a whole lot higher than A shares And then there's C shares, which a lot of advisors don't like to sell because they're only getting one percent commission. And for most people buying mutual funds,

that's probably the more efficient way to go. So if you're you know, if you're at a non for profit and you have your choice over a mutual fund or an annuity, go for the mutual fund, and then look at what mutual funds you had to choose from, and then look at the mutual funds that are, let's say, you know, more reasonable with internal management fees. That's kind

of the way we think. And then, last but not least, and we were up to almost the one and a half billion dollars that we manage on behalf of our clients, and we use predominantly exchange traded funds ets. We only have two individual stocks and our qualified portfolios that's Apple and Amazon Big week. Thursday, they'll come out with their earnings. Believe me, I'll be focused to see hopefully they'll be

positive earnings. So there you have it. Those are really the different type investments that people have to choose from, and knowing the difference between all of them is is really important. One eight hundred eight two five five nine four nine one eight hundred eighty two, five fifty nine forty nine the you know we started out China, you know, cutting their their their lending rate. Gold new highs. Gold is just on a rip worn tear, up about thirty

three percent year to date. I missed that. I did not see gold doing as well as it is, you know, especially with the markets doing as well as it is. Usually, if the markets are getting clobbered, a lot of people flock the gold because they look at it as a safe haven, the same as flocking to treasury bills and bonds. They look at it as a safer place. But man, gold is just on a tear. I don't know if I would be buying it here at this level, although I said when it was at two thousand, I want

to be buying it here. It is at twenty seven to twenty eight hundred dollars announce. But it's high, it's it's pretty frothy, thinking that there's no dividend yield, there's no intrinsic value. You have to be careful with gold you have. You know, bond yields are up. As I said earlier in the show, bond yields you're getting you know, four percent four point two for ten year treasure. You know,

that's pretty good. Tesla had a great, great earnings report and the shares rallied and erased all of the losses for twenty twenty four. And you know, for the week, the S and P fell about one percent and NASDAK rose almost point two percent. We like that the broad stock market and NASDAK are our top two holdings. So we like to see that happen. It's it's it's it's a beautiful thing when both of those indexes are doing well.

And you know S and P up twenty two percent year to date, NASDAC up twenty three twenty four percent year to date. We we love to see that. Our clients love to see that. It's a it's it's a beautiful thing. But we have a lot of discipline with the way we manage our clients' portfolios. My investment team headed by my son Ryan, Ryan and Pollo and Ed and Casey and Dave. You know, they really do a

knockout job. They are right on top of things. We have a lot of discipline in the portfolios and I can't begin to tell you the attention that goes into our portfolios. Folks, were coming up to the bottom of the hour. You were listening to Let's Talk Money, brought to you by bouchetf and Answer Group, where we help our clients prioritize their health while we manage their wealth for life. We truly appreciate you tuning in. The phone

lines are open. If you want to give us a call during the news break, please do one eight hundred eight two five five nine four nine. One eight hundred eighty two five fifty nine forty nine. Any questions whatsoever, folks, any questions. ZAC will pick you up during the news break. One eight hundred eight two five five nine four nine. I'll see you right after the news break. I can lie well. If you're just tuning in, it's not one of my colleagues, it's me. I'm Stephen Bouchet sitting here live.

I thank you for hanging in through the news. I thank you for tuning in today, folks. I can't thank you enough making this show really the most listened to show, especially regarding money and investments and financial planning. If you have any questions, give us a call one eight hundred eight two five five nine four nine one eight hundred eighty two five fifty nine forty nine any questions whatsoever. Let's go to the phone lines where we have Chris in Rotterdam. Hello, Chris, Hi, how you doing.

United Parsol, Pepsi. Not one technology company in the top ten holdings, so it's a nice diversion to let's say the NASDAC or other technology holdings. There's about almost one hundred holdings in there, and those top ten holdings that I just told you about, really they account for about forty percent of the overall assets. It's as I said,

it's it's a good holding. We like it. You're getting over a three percent dividend yield on that, Chris, It's it's it's don't be embarrassed to have that in your portfolio, even though it's under underperforming. Uh, you know the S and P. It's it's really a defensive type holding, just just high quality franchise names. As they said, about a hundred different stocks in there, so you have a lot to choose from, and the top top ten account for forty percent. So if you like those names, it's it's

really not a bad way to go. There's other other dividend funds out there as well. You know, you got the Russell one thousand value funds, you had their Aristocrat funds out there. There's a whole lot of other different funds out there that that you can look at as well, but this is this is one that we like and not because it's Schwab. For years I tried not investing in any Schwab ETFs, but they had the lowest fees, lower than than Vanguard for a lot of their funds.

And as I said, it's this is one that that that we have in our portfolios and it's one that we like. So you have a good one there.

than me. And there you have it. One eighty two, five four nine. Talked a little bit yesterday about politics. We're in that silly season. Nine days left, folks, nine days and it's over. It's over. You can turn on your TV and look at fruit Loop ads. You can look at you know, your favorite medicine in the medicine cabinet ads. I mean, you get the picture. The silly

season will be over in nine nine days. And I've said forever and ever and evor you know, doing radio for thirty years, So you know how many presidential elections have I been through a lot? Listen, folks, I could care less who's in office. As far as the market goes, there will be volatility, more than likely one way or the other. If the Democrats don't get their choice, they're going to feel that the world's coming to an end.

And the same with the Republicans. If they don't get their choice, they're going to feel that the world's coming to an end. And guess what, the world won't come to an end. The stock market will continue to look at jobs, the economy, inflation, GDP, corporate earnings, fundamentals of what the stock market trades on. But usually usually sometimes

you get some you get some volatility. Let's say, and since nineteen fifty, the SMP has gained twelve percent under Democrats seven percent under Republicans, according to a report from BMO Capital Markets, to presidents Richard Nixon and George W. Bush had negative annual returns, which is one of the reasons why the Republicans are only average seven percent compared to twelve percent. Basically, it's not you know, they inherited an economy and a situation that just wasn't wasn't all

that could win. Trump won in twenty sixteen, some investors sold all of their stocks, convinced that the market would fall. Instead, it rallied almost fourteen percent a year during his four year run at president. And I'm sure there's Republicans that did the same in twenty twenty when Joe Biden won, and they got twelve percent a year over the last almost four years. So there you have it. The last

two presidents. Trump average fourteen percent a year in the stock market, Biden twelve percent a year in the stock market. Investing based on your politics is not a good idea. If you take any advice from me, don't one. Don't lose friends or family over your political beliefs. It's okay for people that you're close to to have a different opinion. That's what makes the world go round. If we all had the same opinion, we'd all be in the same That could be a boat that's floating or a boat

that's sinking. I guess what I'm saying to you is don't don't make investment decisions based on your political views. Whoever gets in will be stuck with and hopefully the results will come sooner than later. Hopefully we don't have to wait days or weeks. Hopefully we'll we'll, we'll, we'll know who our next president is. But the stock market, you know, don't don't let that stock market or the presidential election fool you into thinking the world's coming to

an end. We have nice checks and balances in this country, and just you can't let politics get in the way of friendship, of family relationships, or your investment philosophy. So, as I said, the s and P ended a six week winning streak fell by one percent. Investors right now, you know, listen, we got this is a huge week, a huge week with big tech earnings. You have the election in nine days, and the day after the presidential election, you have the Federal Open Market Committee coming out to

let us know what their monetary policy decision is. I'm guessing they'll probably cut rates by zero point two five percent. That's what I'm guessing. We had the last time they met a point five to zero percent cut, which was an aggressive cut. Now they did that because I think they thought maybe they were a little late again coming to the party. Maybe they should have started cutting rates before. But you you have a lot you know, the next ten eleven days, folks, it's a big, big ten eleven days,

you know. Yeah, this week alone, Monday, we have Alphabet that's the you know, one of the magnificent seventh companies. On Tuesday, we have Metal, which is Facebook and Microsoft. On Wednesday, yeah, I'm sorry, Meta and Microsoft on Wednesday, Amazon and Apple on Thursday. And then you have some other big easy got Visa, Eli, Lilly, MasterCard ending the week on Friday, Chevron, Exxon so too. It's a it's

a pretty good week for earnings. And out of all the companies that have have announced their their third quarter earnings so far, about eighty percent of them outperforming expectations. And that's a good news when Corporate America, you know, we've been hearing for how long that there's no way Corporate American can continue, uh, you know, having the profits that they're they're having. And this is a big this is a big part of what stocks trade on. Stocks

are always looking ahead three, six, nine months. So when companies come out and they had great earnings and then when they on top of that say that they look at the next quarter or two to really be positive, that's great news for the stock market. So it's a big week in earnings, a huge week. On Friday we had the jobs report that that's huge, and then you have,

as I said, a week from Tuesday, the election. And on Wednesday, the Fed finishing up their two day meeting where they'll let us know, they'll give us some insight into what they're doing with interest rates, what they're feeling is on the economy. I'm guessing that the economy is pretty resilient. The economy's hanging in. They're pretty good. We're

putting people to work. We expectations are for one hundred and ten thousand jobs for the month of October, where after a two hundred and fifty four thousand job number in September. We'll see what that number is, and then we'll see what the revisions are for the previous two months. The people are going to work. Corporate America's making money. The consumer confidence we had the sentiment came out above where economists expected to be. They were expecting a reading

of point sixty nine. It came in at point or I'm sorry, six ' nine point zero. It came in at seventy point five, which was better than the seventy point one. The surprise there the nice surprises. It was the University of Michigan's index of consumer sentiment was more favorable, more positive than expected. People are feeling good. So when you have people going to work, you have people feeling

good about their financial future. You have interest rates coming down, even though this week they went up a little bit, but overall they're still coming down where they are were mortgage rates, you know, they came down, then they bumped up a little bit, but they're still below the the the high I don't know if we'll ever see the two to three percent mortgage rates that we that we all benefited from for for that great period of time, but I'm pretty sure you'll start to see interest rates

come down. Mortgage rates will follow. It doesn't always follow suit immediately after an interest rate cup, but if the Fed cuts interest rates, I think you'll you'll see that happen. You know. The one interest rate that doesn't ever seem to come down as the interest rate you're paying on credit cards, which as we enter the holiday season, the less you use those credit cards, the better off you'll be. Folks. You know, I'm all in favor of Listen, we've commercialized

the holidays so much. It's not all about going out there and how much money can and you spend and how many How do I say this without offending people useless gifts we're giving. I'm all in favor when I hear a families doing, you know, pick a name out of the box. Look for something that's special, that's a beautiful thing. Instead of going out and buying ten, fifteen, twenty gifts, you're buying one meaningful gift, and it's easier

on the pocketbook. But what you don't want to do is spend a lot of money on credit cards with the interest rates that are just through the roof, just through the roof. You just don't want to do that. Try to try to rein in your spending this holiday season. If you can try to spend your holiday season with family and friends, that's more meaningful than open up up a you know, gift that that you may never use, isn't it one eight hundred eighty two five five nine

four nine one eight hundred eighty two forty nine. I hope I don't sound like a Debbie Downer about that. I'm just kind of being logical. I guess, uh, you know, it's it's it's it's it's crazy the money that some people spend over the holidays, and a lot of people, you know, it's money they probably shouldn't be spending like that. So so just you know, be careful because that that

interest rate credit cards is astronomical, just astronomical. Uh. The the five hundred company S and P five hundred companies, as I said, about seventy five eighty percent of them have beaten Wall Street profit expectations, and the average is about seventy seven percent over the last five years according to facts. That so it's it's it's it's a positive once again. I'm optimistic on the stock market, folks. I think that the stock market is one over time, it's

always been a great place to be invested. Your average returns I gave it yesterday. Your average return in the S and P is fourteen percent year in year out over the last fifteen years, about ten twelve percent over the last ninety plus years. And your average return in bonds over the last fifteen years less than three percent. Your average return and developed international countries less than three percent. There's just this. We don't own any international investments, and

I'm very comfortable with that. We haven't owned them in quite some time, and just giving out those stats of returns, and when you think about the headlines, you would never think that the stock market would be so robust with all the headlines, especially the negative headlines. But you know, bonds are added to the portfolio to soften on the volatility. But bombs, listen, bomds go down as well. Over the last ten years eleven if you include this year, there

were only two years where the SMP was down. If you look at bonds, there was you know, I guess twenty eighteen that was up point one zero percent, so that's flat, and in twenty twenty one it was down just you know, just just less than two percent. So bonds,

you know, bonds aren't guaranteed to go up. We saw that, we saw the returns of bonds and a lot of people more not only were they not getting any kind of interest on their bond holdings, but they they realized, they found out that bombs could go up and down, just like stocks can go up and down. There's volatility in all types of investments. Understanding that volatility is really

really important. So as we sit here, the ten year US Treasury yield we're at four point two three percent, and that's, you know, the highest it's been in the past few months. I know it seems like not that long ago we were up over five percent, but I think those days are behind us. But you never know, maybe maybe maybe the yields will inch back up close to the final one eight hundred eighty two five five nine four nine one eight hundred eighty two five fifty

nine forty nine. Any questions you have, give me a call, love to talk to you. For those of you that buy individual stocks, you know you had quite the week you had last Sunday. You know, the Donald Trump cooking franchise and delivering nails outside the drive through window. You would have thought that McDonald's, we're going to go through the roof and then they get hit with an outbreak of the colike you had. Bone workers rejected a thirty five percent pay hike over four years, a six billion

dollar loss Bone took. And I'm telling you, folks, I said it yesterday. You know, we had one client who owned a lot of Boeing and just would not listen to us. We wanted her to sell, and she just wanted to sell, just wanted sell, just thought with her heart, not her head. Boning Bone is going through Listen, Bowe is bleeding money. They're laying I think they're going to lay off about seventeen thousand jobs. They got this strike. This you know, the workers aren't happy with the thirty

five percent hike over the next four years. Listen, folks, Bone could be out of business. I'm telling you, Bone could be There could be a fire set. You got the problems with the seven thirty seven Max airplane. Why Bone didn't just come out the leadership of Boning at the time, Why they just didn't come out and admit that, Holy Kyle, we got a problem on our hands, Houston, there's a problem, let's fix it. Instead of doing that, they tried making excuses. In hindsight, there was a problem

with those planes and a big problem. So Boneing is going through really a lot of a lot of trials and tribulations, and it's a company that listen if you want to take a gamble in your sandbox account, and by Boeing thinking that maybe they hit bottom, maybe they have. Listen. We saw that happen with ge Ge surprised a lot of investors, and it's nowhere near where Ge used to be even the sum of all the parts. But GE came back from being so beaten up. So there's there

could be hope. But I just know that right now, if you are buying individual stocks and you have Bone in your portfolio, you know you got a lot to think about. Other company news this week. You know, Morgan Stanley, Walt Disney, Starbucks, Taiwan Semiconductor, a lot of news out there. For those of you that are into individual stocks, We for the most part, we only have two individual stocks in our portfolios, Apple and Amazon. We try to really

diversify our client's risk by holding ETFs. If we like technology, we don't want to bet on Apple or Microsoft, will buy an ETF that has fifty give or take technology companies because we like technology. We're just not sure. Listen, nobody has a crystal ball. There's a reason why over eighty percent of stock pickers can't outperform their benchmark index because they don't have a crystal ball. Some get lucky, some not very few get lucky over a long period

of time. So you have to put it all in perspective when it comes especially to your core holdings, your retirement portfolio. Most Importantly, you don't want to be gambling with individual stocks and have those individual stocks just you know, fall on their face. So if you have a sandbox account that you want to play with having those individual stocks and that sandbox account, I'm okay with that. Folks. We're coming up to the end of the show. I

can't thank you enough for tuning in. You're listening to Let's Talk Money, brought to you by Bouchet Financial Group, where we help our clients prioritize their health while we manage their wealth for life. We truly believe in health, wealth for life. You hear me say it more now than ever. When you have your health, you're really lucky.

When you have your loved one, you're fortunate. And if financially can do things, don't mess around because you never know when your health or your loved one may take be taken away from you. I found that out the hard way this year. Before I let you go, go to our website. Ryan and Polo did an amazing investment update. Go to our website. On the bottom you'll see the quarterly webinars thirty minutes long. Well with your time, enjoy your Sunday. Thank you for listening to see you next week.