Let's Talk Money

nine four nine. We had a great show yesterday, a lot of great questions. As I said to one caller, he had a great question, and I said, I know there's other listeners that were thankful that he asked that question. So please don't think that your question isn't worth calling in because I can almost assure you we have millions of people listening. I'm sure there's somebody that will be

thankful that you asked the question that you asked. I gave some bad news yesterday, and I'll just take a moment too, because I know we have a lot of listeners that just tune in on Sundays. My firm, my colleagues, and I had a really rough week this week, sobering week to say the least. It was just a week from hell. To be honest, it was just not a good week, a very sad week in my firm. And as I said yesterday, you've heard me share how my

mom passed away. She was thirty one and she died, you know, went to bed with a headache and passed away of an anerism. Our beloved Nicole Goebel, who just did the show a couple of weeks ago and does this show often, and one of my just esteemed colleagues. She and her family put their trust in me and my leadership team Ryan Marty John three years ago right now, three years ago at this time, and relocated her family from New Jersey to you know, be near us to

work for our firm. And what in an edition she was, what an asset to our firm, to our clients. She was one of those people that just cared for everybody, her family, us, as co workers, our clients. She just couldn't do enough for anybody who came within her reach. Anyway, last Sunday she was exercising at the y, doing all the things to do to stay healthy and be good and long story short, Nicole suffered an anerism and was

on life support. I happened to be in Florida and rushed home on Wednesday to visit with her and be there for her and help her husband Pete, and give a couple of warm hugs to Riley and Max, eight and four year old children that they have, and Nicole left us. God took her on Wednesday afternoon. She passed away on Wednesday afternoon, and it was just it's been a sad, sad week. We're all kind of just, you know, still numb thinking about it, and it'll be a long

time before we get over it. She was irreplaceable. But I wanted to share with you because I know you tune in every week and you get a chance to listen to a lot of my colleagues who host the show. But Nicole really she did a good job all around, and I just I wanted to just take a moment and share that that that news with with with with you. I'm going to take a moment to clear my thoughts. Guys, can we take a fifteen second break please?

you know, there's some good things to be thankful for. One, the days are getting longer, the days are getting a little bit warmer, you know. You know, this week looks like we're not going to have the zero degree temperatures. It'll be like a heat wave around thirty degrees maybe a little bit more. For the week, So that's good. It doesn't look like a whole lot of precipitation for the listeners in upstate New York anyway, I know that the rest of the country has been devastated. I was so,

and I said this yesterday not to be political. I don't care if you're a Democrat or Republican. I'm a blank, so it doesn't matter to me what you are, because I'm not regie any party. But I was so. I hid tears in my eyes when I saw President Trump visit North Carolina and all the people that were affected four months ago by those floods, and then fly immediately out to LA and visit people and literally gave his

podium and mike to people to tell their stories. And then he grilled the politicians, which only only President Trump can do in the way that he doesn't, and they need to be grilled. Those fires probably could have been should have been prevented or kept under control, and just you know, you think of I mean, how many almost two hundred thousand people displaced, the homes that were lost, the lives that were lost in both North Carolina and LA.

I mean, you're just I say this often when you wake up and you have your health and you're able to get out of bed. Folks, that's probably the most beautiful way you can start your day, and a lot of people can't do that. So if you're able to do that, you really got a good start on the day. And if you have a loved one that's with you, your spouse, partner, then you know you're pretty fortunate and financially if you can make things happen. Don't mess around.

As I said, I had a memorial service that I needed to go to yesterday for another friend who died tragically, and I said, you know, my job is to plan for my client's retirement. We're always talking long term, but I also remind my clients that they need to live for today because today is a special day and sometimes you just don't know if tomorrow's going to come, so it's important. Our tagline is Health, Wealth for Life, and

it's truly we believe in that. We you know, obviously want everybody to be healthy and we're going to help manage, you know, the rest of their life financially speaking, and you know, manage the wealth and get them through it. But having your health is really a good, good, good way to get going one eight hundred eighty two five five nine four nine one eight hundred eighty two five fifty nine forty nine. I just got a nice text from my my dear friend, Joseph Carr. For those of

you listen, I know some of you. I had a friend of mine said, I take I go to bed with Joe Carr every night. You know she was going through a separation. She says, yeah, I take Joe Carr to bed every night. Now I know Joe Carr really well. And I said, say that again. You know Joe Carr. You know at the time, you know his wife was still with us and everything. I said, tell me that again. No, no, no, I go to I go to bed with a bottle of Joseph Carr wine. That gets me through the night.

And I told Joe Carr the story. And you know, when he and I saw each other next, we took a little selfie and I sent it to my friend. I said, well, here's you could you could print this picture and put it next to your bottle of Joe Carr and really enjoy going to bed with Joe Carr. But you know, here he's upbright and early, texting me at eight o'clock. So hello Joe, if you're listening, one

eight hundred eighty two five five, nine four nine. So you know, the days are getting longer, warmer, and you know it's January twenty six. How is that possible? Just January twenty six, and we had a good week in the markets. The SMP was up almost one point seventy five percent, the NASDAC Composite and QQQ one point sixty five one point five five respectively. Russell two thousand up one point four percent. A good week, and we have

a pretty good start to the year. The NASTAC is up three point three percent, QQQ because those are the hundred largest companies in NANSDAC up three point six percent, SMP is up three point seven percent, and even the Russell two thousand is up three point five percent. I say that, folks, because that MidCap small cap index. You know, it's great that the S and P does so well. And you know we had two years where the S and P was up twenty six percent and twenty five

percent respectively. That's that's pretty remarkable, and a lot of those returns came really well. You know, we all know the magnificent seven, right you've heard. You've heard that phrase often, the Magnificent seven. You know, you got Apple, Amazon, Navidio, Meta, which is Facebook, Google, Microsoft, Tesla. You know, the Magnificent seven is really and just about all of them year to date are up more than the S and P.

Apple is actually the only laggered. And if you look over over the last year, you know, Apple underperformed the S and P and and Microsoft, but every everything else was up and up pretty handsomely. But the Magnificent seven was responsible for a lot of the returns. You know, artificial intelligence and I mentioned it yesterday. If you're not playing around with AI, you need to start playing around with it. It's the real thing, and it's pretty remarkable

what you can get out of it. You know, type a letter, ask them to help you tweak it, look for information. Uh Like Google, when you type something in when should I take my R and D, it'll give you a whole bunch of links. With AI, artificial intelligence, you type the same question and it actually tells you exactly, It gives you the answer. That's the difference between let's say Google and artificial intelligence. And there will be a day when you type something in Google and it'll be

all AI artificial intelligence. It'll give you the answer. You won't have to look through, you know, several links to get an answer. But the Russell two thousand. It's nice to see those other companies do well because that means we're really truly in a good rally. And I'm very optimistic, folks. I'm always optimistic when it comes to the stock market.

The stock market's up more than it's down. I can't begin to share that statistic enough with the Over the last forty five years, the stock market was positive thirty four of the last forty five years. The average into dre intra day high to low peak the trough swing in the market was about fourteen percent a year. That means in any given year over the last forty five years, the stock market swings fourteen percent. It goes up and down,

up and down, up and down. And that's why you can't get nervous when you see the stock market go down a little bit, because that's part of you know, that's just part of being invested in and if you're invested properly, having a well diversified portfolio of all asset classes go up and down. Stocks get the most publicity and people are fixated on stocks. All the markets down today, Well, you know, don't fret over it. The market is the

stock market has brought better returns than any other asset class. Bonds, commodities like gold, real estate, cash, any other asset class, none of them have performed over time as well as stocks. But unfortunately, stocks get all the publicity. So when the stock market goes down, oh, the bad news bears hot right on it, because fear sells. You're tuned in, you're fixated on watching the news. When those bad news bears are telling you that the world's coming to an end.

Guess what, even you know, in recent history, the worst stock market correction slash bear market was October two thousand and seven through March two thousand and nine, where the market was down fifty percent five zero, and a lot of people thought the stock market was going to zero. People thought the world was coming to an end. And there's a lot of investors that think that even if the market goes five to ten percent down, they think the world's coming to an end. Guess what, the world

hasn't come to an end yet. And you know what the funny thing is about stock market corrections. The stock market always recovers and always goes back to make new all time highs. And that's the beautiful thing about the stock market. And that's why if you're well diversified, you have a good, rock solid portfolio, you're taking on as much risk as you're comfortable with. What I mean by that is some investors like bonds in their portfolio or

alternative assets to soften the volatility of stocks. I won't use the word risk, because there's risk in every asset class. You just have to define the risk. But the volatility gets softened by having other asset classes blended in with your stocks. So you know, some investors, a lot of retirees are in a sixty forty blend eighty twenty. I'm one hundred percent invested in the stock market. I don't care when the stock market goes down. Listen. If anything,

I look for cash to put in buying opportunities. When you see volatility, don't be afraid. They're opportunities if you look at it in the right way. And that's us see how smart investors make money. When there's blood in the street, that's when you make money. But what you can't do is panic. You can't have knee jerk reactions. You can't get out of the market because the market

is vilible the market. That statistic I just gave you forty five years thirty four positive years over the last ten years eleven if we include year to date, there were only two years where the market was down. So the market is up more than it's down. And that's why having that well diversified portfolio being invested for the right reasons makes sense. One eight hundred eighty two five five nine four nine one eight hundred eight two five fifty nine forty nine gods, let me take one more

quick fifteen second break. Why I take a little sip of my tea here.

sometimes it's never the leading asset class. Large caps obviously, you know, over over power, and sometimes small caps everyone's in a while while. But right now when you look at you know, if you look at the SMP, which is really considered the large cap index, trading at about twenty two times twenty twenty five earnings, a twenty year high.

If you look at you know, take the I shares Core SMP MidCap exchange, that's trading at sixteen times, so from a value standpoint, you're getting a lot of value in there. Analysts forecast thirteen twenty five earnings for the you know, MidCap compared to fourteen percent for the SMP. So maybe maybe this is the year if you're looking to make some strategic moves, some tactical moves, maybe this is the time. If you don't have midcaps in your portfolio. Now maybe the time to put some mid caps in

your portfolio. You know, you've got a lot of good mid caps out there. They got strong balance sheets, they weather rising rates bet than alternatives like small caps. You got President Trump talking about tariffs. But you know, this week, and what a week it was, right, I mean, he came out of the he came out of the starting gate, read ready to win this race. He did not waste any time with a lot of the executive orders he put in, and he kind of softened the tone on

the terriffs. I know, before people were worried about the terriffs and how that was just going to kill our economy. It's not going to kill our economy, folks. If anything, and I'm one of the reasons why I'm optimistic is I think I think you're going to see this country really, really, really turn into the powerhouse that it truly is. I think you're going to see this great Usa shine and shine bright. I think you're going to see a lot

of deregulations. I think you're going to see I mean, he already stripped the powers and made it easy for people in North Carolina in La to get back, you know, getting things done. He's sending the Army Corps in to fix the bridges and roads. It's been four months they've been left stranded in the hills of North Carolina, the Blue Ridge Mountains here. You know, he makes one visit and just like that, you know, he barks out orders

to get things done. And that's how he thinks. And with his talk on the tariffs, I'm not afraid of the terriffs. If anything, I think you'll start seeing other countries pay their fair share. I think, if anything, I think this great country of ours will be treated more fair. And does he use tariffs as a threat. Absolutely. This man plays chess. He doesn't play typiclarly wings or checkers. He plays chess. Whether you're a Democrat or Republican, it

doesn't matter. This president. You know, he doesn't need to learn anything this time. He's already been there eight years ago for four year stay, so he knows, he knows how to do things differently this time. And he's not wasting time. He's got four years to get a lot of things done. And that's one of the reasons why I think that the stock market. I think the stock market has a way to go. The economy is resilient. We put some people, you know, as witnessed by the

December jobs report. We had a great jobs report. And the FED meets this week on Wednesday. Tuesday and Wednesday. I'm guessing, although, so I'm guessing that the Fed will leave interest rates alone. Now we had eleven interest rate hikes when inflation was running out of control over the last few years, and then since September we had three cuts. So they meet Tuesday and Wednesday. Will they cut, will they leave it alone, or will they hike. I'm guessing

they will leave it alone. But President Trump yesterday was asked and he came right out and doesn't mince words. He thinks they should cut, and he is going to try his best to persuade them. Now, the FED is supposed to be an independent agency and not supposed to be swayed by any anybody sitting in the Oval Office. We'll see what happens on Wednesday. So I'm guessing we will see either a cut or pause, more than likely

pause because the Fed is digesting all this news. And then on Friday we had the personal PCE number to see where inflation is you're listening to Let's Talk Money, brought to you by Bouchef and Andrew, where we help our clients prioritize their help while we manage their wealth for life. I truly thank you for tuning in. We're going to take a quick break for the news, and the phone lines are open if you want to call in. I would love to talk to you about any question

as you have pertaining to your financial health. One eight hundred eight two five five nine four nine. One eight hundred eight two five fifty nine forty nine any questions whatsoever. In the meantime, go to our website bouchet dot com. During the news break, one eight hundred eight two five five nine four nine, seeing a quick couple of minutes somewhere beyond the scene, somewhere waiting for me my lover stands on gold and sand.

think about, get you pointed in the right direction. Confirm if you're doing something right or maybe you know, have you be your devil's advocate if I think you're doing something that maybe you should do in a different way. So if you have any questions, any questions whatsoever, the phone lines are open and I would love to talk to you. One eight hundred eight two five five nine four nine one eight hundred eighty two, five fifty nine forty nine. Any questions whatsoever, give me a call and

let's talk. Let's get your pointed in the right direction. So you know in this Weekend's Wall Street Journal. And if you just get you know, the Wall Street Journal one day a week, get the Saturday edition. It's called the weekend Edition. Saturday Sunday. I go to Stuart's every Saturday morning. I get my Wall Street Journal, my barons, and I love the people at Stuart's. They're just really great, great, great people. They make you feel welcome going in there.

So this, you know, Yesterday's Wall Street Journal, the Recap of the market. It says investors are giddy about Donald Trump's return to the White House. I feel the same way I said on the first half of the show. I'm optimistic. I don't think President Trump is going to kill this economy. I don't see any reason to fear a recession. I feel that the economy's pretty pretty strong. We have corporate earnings coming in so far they're pretty good.

Corporate America continues to generate profits. Inflation is closer to three percent than it is to two percent, the Fed's target. And I said yesterday, why the FED has a two percent target for inflation, I don't know. Over the last ninety years, an average year in year out about three point four to two percent. I think since nineteen fifty

somewhere around three percent. So what happened was the Fed after that great recession, the financial collapse of October seven through March of nine, the FED got used to low inflation. Interest rates were near zero. You were getting mortgages to three percent mortgages. We were living in a beautiful world if you were borrowing money, and the price of milk and bread and gas were really affordable. They weren't going up.

So the the economy, you know, I'm pretty optimistic. The only thing that's really going up And I gave this statistic out yesterday. Four dollars and fifteen cents is the average price for a dozen of eggs in December, up fourteen percent from November and up thirty seven percent for last year. You're still paying a whole lot more money for groceries than you ever have, and you're still paying

more money at the gas pump than you have. You know, it was just a few years ago where these prices were really, really, really affordable, and they they have gone up, and we can't live without food and gas. You know, Listen, gas affects you. I don't care if you're taking a bus to work, if you're driving your car to work, if you're car pulling with a coworker, or if you're getting a pizza delivered to the house. Gas effects everything.

So when I hear President Trump talk about, you know, opening up, what does he say, Drill, baby, drill, Well that's good news for us as can consumers. The more oil, the more supply, the price will come down and we won't rely on foreign countries for our oil where they gouge us. So there's so many reasons that I'm optimistic. Now I could be proven wrong, and I'll admit if I am wrong, you know, three six nine months from now, I'll reflect back, and if I'm wrong, I will tell

you I'm wrong. But I'm optimistic as I sit here. My crystal ball is. You know, I'm all in with with with the economy being strong, in the stock market continuing its rally, and I really really feel that way. One eight hundred eighty two, five five, nine, four nine. Let's go to the phone lines where Paul is on hold from Connecticut. Good morning, Paul.

it's a sobering feeling. And it was a long sad week for us in the office, and you know, I did my best to try to comfort each and every one of my colleagues and be there for them. And you know, I'm still numbed from last year. But you know we're going to miss Nicole. So Paul, I guess it's a long way of saying thank you for your comments. It means a lot to me.

but they'll never get there. So I've held these bonds in their New York state, you know, and Connecticut state tax free. And it's not it's a conservative bond investment. It's yielding compounded five to six percent over the long haul since i've owned them. But my point is more that you're right inflation is not going to get to two. It takes too much to get it to two. So in the cat's already you know where the horse is already out of the barn, as they say with Carson's run, right.

Do you think I tend to agree with at all?

He's gone through hell with Barry red Holts. And my conclusion is when you got into this business, it was by a stock. Then it became buy a mutual fund. And I work very high profile relationships at Marriott Corporation with the profit sharing function and his best friends with a guy who ran the mutual fund relationships. But with the profit sharing committee and after studying listening, everything's today about liquidity, money flows and buying indexes. So where is

the point? And I know you have two big holdings where the active manager is going to systematically be housted out, like David I and Horne has stated, to the point where it's everybody's buying an ETF and the whole stock market is driven by liquidity, you know, CTA trading and money flows. You can kind of get what I'm saying there, I'm sure and co that's about it.

I grow my team. We have twenty professionals overseeing and working with our clients, and every one of my colleagues is as professional as they come. I have a team second and none but one point five billion. We only have two individual stocks, Amazon and Apple, and I like both of those stocks. I think there are two great companies. I don't get nervous. I know Amazon is doing really well this year, and I know Apple isn't doing as well as the market, but that does and concern me.

They're great companies. And we've seen the ebbs and flows of Apple, especially where you know, goes up goes down. You know, the latest news is the phone sales that China are off about eighteen percent. And China is very important to Apple. They sell a lot of product there and you know they're slowly not relying on China as much. So with all of that being said, we have one point five billion dollars. It's all managed in exchange traded funds.

If you look at active stock and you can go use artificial intelligence, don't even use Google, use artificial intelligence and just put in active manager. You know, because there's active management whether you have a stock mutual fund or stockbroker, or a bond mutual fund or uh, you know, commodity. You know, but let's talk stocks. Sixty five to eighty five percent of the time it's a pretty staggering statistic. Sixty five to eighty five percent of the time that

stock picker can't cannot outperform their respective index. So listen, I became So I've been you know, January second was thirty five years. I've been in business. I've been doing radio with you folks for thirty years. It doesn't seem possible, does it. But I've been a fiduciary since nineteen ninety three. Before then, I used to sell mutual funds and annuities and make commission. And I loved what I did, I didn't like how I got paid. So I looked for what I felt was a more ethical way for me

to work with clients, and I became a fiduciary. I'm an SEC registered investment advisor. We don't earn one penny of commission. We really don't have any conflict of interest because we get paid the same whether we have clients and FDIC insured CDs, treasuries or stocks or something in between. And I learned way back then that you know, you buy a mutual fund, you're buying a money manager who's buying and selling stocks, and the key is to measure

them up against the index. And for stocks he's really probably unless it's a MidCap or small cap, you really should be measuring them up against the S and P five hundred or the total stock market. We use the Broad Stock Market etf by Schwab for a couple of reasons. I used to use Vanguard, but believe it or not, the internal management fees of Schwab is point zero three percent less than Vanguard, and that means a lot to me.

Every penny I can save my clients is a penny in their pocket, not in Vanguard's pocket, or t row Prices pocket or anybody's pocket. So Schwab had the best least let's say expensive internal management fees, and we use the Broad Stock Market Index, and our other core holding is Nasdaq one hundred. We own as much Nasdaq one hundred as we do the broad stock market indecks. But you should be measuring your stockbroker or your stock mutual

fund to the SMP. And if you see over time that they're not outperforming the S and P, then why mess around. The average internal management fees of a mutual fund is about one percent if you have annuities. If you were suckered into buying an annuity and a variable annuity. The internal management fees are closer to three percent. It's staggering. So you know, our Schwab Broad Stock Market Index is point zero three percent and our returns are pretty stellar.

And to kind of confirm what Paul said, we you know, very few active managers out there do a good job, and we used to use them. I used to use them. I've had guys like Ron Barron on my show and others. But you know, I finally, you know, Ryan kind of heads up our investment committee now and we have our core positions and then we will underweight overweight different sectors. You know, like right now we're overweight technology. We've been

overweight technology, folks for twenty years. And you know, I always say, if you go back to the turn of the century, the year two thousand and if you were to buy Apple or Microsoft, well, if you owned Apple you did really well. If you own Microsoft, you didn't do us well. Two phenomenal technology companies. So you could buy XLK, which is the technology sector spighter, and you know the top ten holdings. You know, you got Apple,

which represents fifteen percent of that ETF. Navidia represents almost fourteen percent, Microsoft almost thirteen percent, Broadcom almost six percent, Salesforce, Oracle, Cisco, Accenture Service now IDM round out the top ten. But you get my point. So just with the first top three names, Apple, Navidia, and Microsoft, you know you you got almost forty percent of your ETF in those three stocks. You don't need to go out and buy those stocks individually.

If you buy AATF like that, these you're going to get such representation. Then you round it out with other names that normally wouldn't be in your portortfolio. So we, Paul, we do like ETFs. We manage a lot of money. Obviously, we have discretion. So our clients really they put their trust and faith in us to manage their portfolio because they know we don't have any conflict. They know one on percent of my money and my advisor's money or invested just like they are. We eat our own cooking.

I couldn't imagine, and I'm a foodie inviting you over Paul for dinner tonight and cooking you something different than me. I have my money invested just like I have my client's money invested. I wouldn't have it any other way.

Not many wealth advisors can say that. So let's round it up by saying, folks, if you if you're working with a wealth advisor, or if you're doing it on your own buying mutual funds or whatever, take a moment in the near future and have your wealth advisor he or she, or if you're doing it on your own, measure it against the S and P See how you're doing,

see how they're doing. See if it's worth it. As I said, there's there's I think very very few managers can consistently outperform the market by buying and selling stocks. Long winded answer, Well, but it was a great question. One eight hundred eighty two, five five nine four nine one eight hundred eighty two, five fifty nine forty nine any questions whatsoever. So, as I said, I'm I agree with the Wall Street Journal. I'm a little giddy about where we're at right now, and that the stock market

I think has room to grow. For the week, the SMP up one point seven percent. Its first record close of twenty twenty five was on Thursday. The heat You know, the best opening five trading days of any presidency since nineteen eighty five, when Ronald Reagan was sworn in. Just think about that statistic. You know, how many people once again, it doesn't matter whether you're a Democrat or Republican. A lot of people felt Ronald Reagan was really truly a

dynamic president. And this is the first time, the first coming out of the starting gate for trading, that the stock market is as is up as much. It hasn't been up this much since nineteen eighty five when Ronald Reagan was sworn in. That's that's a that's a beautiful statistic.

Nasdaq added one point seven percent for the week. You know, you had, you know, the Shanghai composite that hang saying stocks Europe six hundred, you know, basically the Vanguard Total World Stock Exchange Traded Fund, which tracks a basket of stocks around the world. That's up nine days in a row. Now, I'm not here advocating, as you know, I say often we don't own any none, whatsoever international holdings. We don't have any any foreign holdings in our portfolios. We are

invested exclusively in this great country of ours. Our returns. I can find some really great, great investments in this great country hours and over time. You know, listen, if you look over the last fifteen years, your average return for the S and P five hundred indecks year in, year out, even with all the bad news and the

headlines and everything, is about fourteen fifteen percent a year. Now, if you look at the Major Developed Index IFA EA f E, if you look at that over the last fifteen years, your average return is five point sixty nine percent compared to almost fifteen percent for the S and P five hundred indecks. And if you look at just emerging markets, your average return two point sixty nine percent

over the same fifteen year period. And there's a lot of reason where people could have been scared and gotten out of the market over the last fifteen years. And the think that ye're in year out, your average return and the SMP was almost fifteen percent if you take and I have to throw Nastac in there because it's our number one holding with the broad stock market index nineteen twenty percent a year compared to five percent for

international investments or almost three percent for emerging markets. I'm not sold on moving into international investments, and I really strongly suggest to my investment committee that I don't care how good the valuations look. I don't care what they think about it being a good place to be invested.

And there may be a month or a year here or there where international investments will perform the US stock market, but consistently, just with those statistics I just gave you, give me, give me the good old USA all day long, I can find a lot of good investments in this great country of ours, and especially now, as I said, when we start deregulating how hard it is for businesses and municipalities to get things done. I think, I really

think the country's going to flourish. I think there's a lot of reason to be optimistic, which is why I'm bullish on the stock market. I could be proven wrong, folks, something could come out of left field, but I'm pretty sure the Russia Ukraine conflict will be settled soon, or I'm hopeful. I'm hoping, God bless the hostages that were taken out of Israel almost a year and four months ago.

I'm hoping, I'm hoping that those hostages get returned, each and every single one of them, and I'm hopeful in my heart that they get returned in a healthy way. But nobody will know, only the hostages will know. But that conflict. Is that that conflict. You can't blame Israel for decimating Homis. It's they're just the evil people. It's an evil organization, it's a terrorist organization. And you know,

I'm hopeful that that gets resolved. In a lot of attentions around the world, I think we're going to see disappear and that's going to be more good news for investors, especially stock market investors. I truly truly believe that, folks. Well, that's kind of why I'm a little giddy to use that word. You're listening to Let's Talk Money, brought to you by Bouchef and Andrew, where we help our clients prioritize their health while we manage their wealth for life.

I can't thank you enough for tuning in every weekend and especially getting up early on a Sunday morning. Folks. Thank you for taking the time to listen to what I had to say. And if you want to learn more about our firm, go to our website Bouchet dot com, Biaz and boy O U C h eu y. We got a lot of good stuff there. Thank you for letting me share the sad news about Nicole Goebel in my office. As I said, we are just devastated. I hope you enjoy your Sunday and let's hope we have

a good week in the stock markets. Goodbye for now, folks,