Trump's Tariff Twist That Caused a Historic Market Surge

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Good morning to your son. It's that time again, eight
o'clock right here in seven ninety knst. And this is
the Money Matter Show with Dean Greenberg. You know, if
you don't know what's going on, don't worry about it.
You're in the same camp as most people. Things are
happening so fast this week. If you're upset, if you're nervous,

(00:26):
you should be. But this is what you need to
have a plan for. This is why you need to
be able to know what you need out of your portfolios.
You need to know how you're gonna live, how long
are you gonna live, how much money you're going to need,
and you need to put together a plan. If you
don't put together to plan for your retirement and the
market's falling and you're scared, you got to see somebody,

(00:50):
because probably what's going to have to happen is you're
gonna have to wait for things to get good again
and then put that plan in place that this ever
happens to you, as you're older, you won't have to
worry about it. So I'm going to try to talk
to you a little bit about the markets, and I'm
going to talk to you about what's going on with

(01:10):
the tariffs and Trump and the confusion that people have,
and try to clear this up a little bit in
a positive way, because all you're hearing lately is negative, negative, negative,
negative right across the board. And you know what that means.
Negativism creates opportunity. People that can't see through the muck

(01:35):
end up doing the wrong things. People that have vision
can actually see through everything going on and understand from
experience what's happening, where it's going, and why it becomes opportunities.
What I can't tell you is where the bottom is.
We had some great rallies, and obviously we had some

(01:58):
big moves down. Times were up and then way down.
Then we were way up because we had the tweet
that will supports for ninety days on the terraffs, but
we're gonna increase China. And then we had the opportunity
to go ahead and fall again on Thursday, and then
we rallied on Friday. But for the week that ended

(02:21):
us up five percent pretty much across the board. We're
still down for the month, about four percent across the board.
NWASDAK is the one that's down of seven percent for
the week. Still down for the year. Now S and
p's out about nine, now'sac's around thirteen, the Dow's down

(02:42):
about five. So before we go forward, remember the show
was brought to you by Greenberg Financier Group. Greenberg Financial
Group is a registered investment advisory fee only business. We
put ourselves on the same side as the clients. You've
heard the commercials all over the place. We've designed our
firm to do better when you do, and obviously when

(03:05):
you don't, we do worse. Also, we want everyone to
benefit from the markets, from the plan, from the way
your portfolio is put together. There's risk with everything. We
try to make sure you understand your risks. Nothing is
risk free, and that's obviously in the markets we're in
right now. So let's start from the beginning here. Why

(03:31):
is this administration? Why is Trump trying to go ahead
and do what he's doing. To me, it's a little
different picture, okay, But the main reason he's doing this
is because something that we have talked about for years
and years and years and years, and no one, including

(03:53):
Trump the first time, did anything about it. It's all
about our debt situation thirty six trillion, thirty seven trillion,
moving the forty trillion. That's going to break the back
of America. We cannot continue to have our debt increase
without trying to do something about it first. In the

(04:17):
end of the day, I believe he's trying to save America,
and he knows he's going to take the heat. He
knows this is what's going to happen. But you have
to do it. I prefer this happening now as opposed
to the next president. The next president when we actually
are in a position that we cannot do anything and
all we do is cut services and raise taxes, which

(04:37):
would put us into a tailspin that we would not
recover from our debt rising for the last twenty five years.
It's not just something that just happens. This global When
we went into this global trade and global exchange of

(04:59):
everything and we were outsourcing everything to get lower products,
we knew one day that's going to come back and
bite this in the button. The person that really benefited
from this whole thing, the country that benefited from this
whole thing, has been China. China started off as a
very very low economic, very small GDP country, and they

(05:25):
were always considered the emerging growth country, which gave them
advantage in trade. They gave them advantage in different things
that were put together, like the climate control They could
be part of it, the Paris Climate Act, but they
didn't have to put money in many things that happened
around the world. They were considered an emerging growth country

(05:48):
and still are and get the benefits as an emerging
growth company. And there was no way they should do this.
But you remember, China plants things out for twenty five
to fifty one hundred years for them to take over.
They know they can't take over America militarily, we just
wipe out everybody what they could do, and they've been

(06:11):
doing and they continue to want to do. And this
is why we're aimed at China, is to bring America
down economically by creating a debt that's going to topple
us over because US as Americans do not understand the
depth and the threat of too much debt. We know

(06:31):
it on an individual basis, but we don't know it
as a country. We believe most people in this country
believe that all you can do is just print money. Well,
then we get a little inflation, and then we can't
pay for it, and then the dollar decreases, then the
dollars are part of the number one safety place. We've

(06:53):
touched that area a couple of times in the last
ten years when they almost downgraded our debt and everything,
but we've been able to get out of it one day.
You don't get out of it unless you do something
proactively about it. This is what Trump is trying to do.

(07:15):
It's simple. Our last four generations, my great grandfather, my grandfather,
my father, everyone in my family has always said, I
want to present opportunities for my children to have a
better life than me. And it's moved down the line.
As my parents said, I'll send you to college. They

(07:37):
were blue collar workers, never went to college. You have
to do this, You have to do that, and we'll give
you the opportunity to go to college. We'll pay you tuition.
You got to pay for the other stuff and move forward.
And it was able to do that when tuition was
five thousand dollars and a twenty five hundred dollars loan
from the school from the government, was able to pay

(07:57):
for all my other needs for the rest of the year.
It's impossible today. Things didn't go up twofold to threefold.
They've gone up ten to eleven twelvefold, but salaries haven't
grown that much. So the whole idea of what was
considered a generation of I want my kids to do better,

(08:21):
and believe me, I'm in the same part. I want
my children to do better than me. I want them
to have opportunities to do better, and my grandchildren and
everybody should think the same way. Most parents can't think
that way. Most parents are in a situation that they
barely can live from paycheck to paycheck. Their debt is
so much higher percentage of what they have actually earned

(08:45):
than it's ever been. We're in a position right now
that we can barely survive on what we're doing. The
American family, when they were growing and happy, was able
to do what they were able to afford a home,
send kids to college, go on family vacations, save money.

(09:12):
Those things are all gone for the most part. And
that is why we have a scenario where we need
to bring back the blue collar middle class and build
them up. And that's exactly what Trump and his administration
are trying to do. So how do you do that? Well,

(09:33):
you know, we got to cut spending, and you know
we got to shut the borders. We got to stop
giving away everything to everybody. And if you look at
the plan that he's trying to do is first figure
out where the fraud and the waste is coming from.
And that's what the Doute Committee's doing. And this is
not the first time that a president has done this.
Biden did it, Obama did it, Clinton did it, and

(09:55):
Bush did it. The difference is we have a plan
that he actually going to try to get something done,
and that kicked a can down the road. But it's
also being done in a time when we're so fragmented
and so divided that no matter what he does, you're
going to find fault if you're on the other side.
No different that every time that Democrats tried to do something,

(10:19):
the Republicans tried to find fault on the other side.
I mean, the market's falling, falling, falling, falling. He finally
does something, which I think is very very important when
you put a plan together. He recognized that the bond
market was getting out of control, that the sentiment was
getting out of control, and that he had to do something.

(10:41):
So he saw that people were willing to go ahead
and come and talk about negotiations. He paused everything to
get these negotiations in except with China, who was first
of all the biggest culprit, but also the one that's
created only these problems, and the one that doesn't want
to negotiate yet because they think they're tough and strong

(11:01):
just like we do. Okay, that sent the market up
to historic levels, not levels, but historic one day levels.
And what does the left come out instead of finally saying, Hey,
that's great, I'm glad he's listening. I'm glad he's not
tone deaf. I'm glad he's and he's he's nimble and

(11:23):
able to make changes while we go through this process
of trying to get to where we need to do now.
They talk about him telling people and and and and
having his family and other people buying securities beforehand, and
he told people to buy beforehand. Yes, he's saying it's

(11:44):
going to be a good time to buy securities because
down the road they're going to go up at some time.
And they went up and then they went right back down,
and then they went up again. That's volatility. But all
they could do now is put in the ear of
the people that want to listen on the left that
they were fraudulent. They did things wrong. We need to
have a committee. We need to go look at stuff.

(12:07):
That is what's wrong with America today. You want him
to do something. We've not had a president that's willing
as quickly as he did to make some adjustments as
we go along. I've always wanted a president to put
a plan in place and make adjustments. I know you're
probably sick of listening to this, that this is the
way I always look at it. As a football coach

(12:30):
and offensive coordinator. I put a game plan in during
the week and get ready for the game. I get
through the first quarter, in the second quarter, and I
get in the halftime win or lose. I'm looking at
my game plan and say what do I do for
the second half? Do I stay the same? Well, they're
going to make adjustments, So how am I going to
make my adjustments to their adjustments so at the end

(12:51):
of the day I can achieve my goal, which is
to have more points than them. That's the way it works.
What he's trying to do is to go head and
cut our debt. We're going to try He's doing it
through tarras some people. Most people say, this is never
gonna work, he's bringing down the market, he's doing this,

(13:11):
he's doing that, and now the saying is for his
own benefit. Once it bull Okay, I'm tired of listening
to every time one president or one side does something
that they're just doing it for their own benefit. And
I'm telling you right now, I would accept more of
the left's input if they ever recognized a couple of things,

(13:33):
recognize that Biden was never able to be president. And
they lie to our faces one every single day. And
the worst was when they had their press secretary on
there saying what you're seeing is AI images and don't
look at it. I can't trust them when they don't
come out and apologize for the hunt of biden laptop

(13:58):
that fifty CIA FBI agents actually signed off saying it
was Russian interference when we knew don well, it wasn't,
and it's been proven it wasn't. And you wonder why
there's no trust. You wonder why Trump won. When you
have no trust, you can blab your mouth all day long.
No one's going to listen to you. So everything they

(14:18):
say now, everything they come down about is not good.
No one listens except the people that actually are on
the left and want to do it and believe it.
And I'm sure it's the same thing on the right
when we forgive a lot of things that Trump does
along the way. But going back to the economy, we're
trying to reduce the debt. We're trying to make America

(14:40):
better for all our children and our grandchildren. And if
we don't do it, they will be strapped with all
the debt and they will not be able to get
themselves out of it without getting taxed so high that
it'll be hard for them to live because you can't
grow the economy enough to pay a forty fifty sixty
trillion dollar debt, especially when you need foreign is to

(15:00):
buy our debt and they can manipulate that into crushing us.
We need to protect Everyone thinks to military is strong,
and it is, but if we don't protect our economy,
our debt, we will not be able to survive. That's
where they want to kill us. That's where they want
to knock our knees out. That's where they want to
bring us down and humiliate us and say we're no

(15:23):
longer using the dollar, We're no longer need your economy,
we don't need you buying stuff from us, we'll go
in to other places. I don't see that happening, but
that's what they've been doing. If we don't do something
about it, it will happen social security. They're all worried
about something happened to social security. Well, we've talked for
twenty years at social security is something's going to happen

(15:43):
if we don't do about it. But now that we're
trying to look at it and say, let's get rid
of the fraud and then we'll come up with a plan.
And you've heard my plan. We have to do something.
We have to have a twenty, twenty five, thirty year
plan that in thirty years, when our grandchildren are getting
to retirement age, that they don't have to worry about
social security because they put enough money away for themselves

(16:06):
with their employee employee and social security is no longer needed.
There will be a window that the government will have
to subsidize. But hell, why don't we subsidize ourself then
subsidizing the world who will never give us back money
if we need it. Remember that, okay, what country is
going to write us checks if we need it? And
we're and we're in trouble nobody, nobody, they'll just push

(16:29):
us aside. Remember, when you're strong, you have to rule
with strength. But once you don't have that strength, then
guess what happens. We're going to be the ones that
have to go ahead and take it, and no one's
there to help us. And that's the facts, people. So
that's why I'm all about us getting added debt first,

(16:50):
helping our country, helping our people, helping our families get
back to where they can do go on family vacations,
save money, look for colleges, and go ahead and buy homes.
Our kids have to be able to do that. Our
grandchildren need to be able to do that. Until that happens,
we are going to be in the same situation. What

(17:10):
do you what did everyone else do? What did the
last administration do? When they say are you better off
today than you? What ten or fifteen years ago? You
might have some more money because we're the ones that
knew how to do it. But our kids, what are
they doing? How are they doing? The government put money
in too stimulate the economy. The government hired people so

(17:33):
one employment would stay low. But then what do they
do They turn around and say, oh, you can break
those contracts and not pay back that debt. You don't
have to pay for those mortgages, you know in OA,
you don't need to pay for the the what do
you call it, the school loans that people took out
to get better and do things. But other people took

(17:55):
out school loans get campaign back, so they get them removed.
Why is that a good thing? If we're in that position.
They did nothing to do something to the solution they gave.
They said, okay, you don't have to pay the debt,
but they never did something that today's people and tomorrow's
people and ten years people going to college, how are

(18:15):
they gonna pay for it? And you know what's gonna happen.
Colleges won't have the money and they're gonna crumble because
all they've done was put so much money and borrowed
so much money and been building building after building after building.
And most people just take it test online. Now a
lot of kids are just taking classes online. I am

(18:35):
so surprised that the other day said, how are you
practicing football in the morning? And they you know, at
U of A, And they said to me, they said, well,
no one goes to class. They all go to the
the computer labs and they they take their their their
classes online. So why do we have all these buildings.

(18:57):
Why have we put so much money into all these things?
No one's looking at that weakness. How are we gonna
support that? How is the state's gonna support that? If
we don't have enough kids that can afford college. Because
people are wising up, they don't want to go to
go away anymore. We have to do the things we're doing.
We got to get back high and paying jobs. We

(19:18):
got to cut our debt. We need a plan to
do this. And that's what's going on. It's all about
saving our children and our grandchildren so they don't have
to pay the piper when it comes due. And if
Trump didn't do it, somebody was gonna.

Speaker 2 (19:32):
Have to do it.

Speaker 1 (19:33):
Now. This is what I hope for. I hope that
we take this base and when whoever comes in after
Trump or whoever comes in at the midterms, takes the
stuff that's good and says I like this, I like this,
I like this, but this is how I would do
something better and build on it. Because nobody can tell
me shutting down the board is a bad thing. Nobody

(19:56):
can tell me getting rid of criminals is a bad thing.
Nobody can tell me. Bringing down debt is going to
be a bad thing. Nobody can tell me higher wages
is a bad thing. Nobody can tell me. Bringing back
our healthcare and drugs, the essentials that we need to

(20:21):
live on back to America to be manufactured, our chips,
our ai, our technology in America. There's nothing wrong with that.
You might not like the way it's all being done.
But here's what I keep saying. If I was a
Democrat right now, if I was a Democrat right now

(20:41):
and I'm not, I would sit and say, instead of
bashing Trump and his administration on everything they do and
calling the smartest man in the world, Eli Musk an
idiot and dumb, that to me makes me laugh. Okay,
he literally could put people in space and to save
people and done stuff and go to Mars. That's not

(21:03):
an easy thing. The creation of the electric cars and
the batteries not an easy thing. His mind is so
much different. But I would be looking at all this
and saying, as a Democrat or someone that hates Trump,
I would say, Okay, I like the fact you've done this, this,
and this. I like the fact that you shut down

(21:24):
the borders. Thank you. I don't like the fact of
how you're doing the immigration policy, and I don't like
the fact that we're not doing something about tens of
millions of people that have been here for years and
years and years and they're scared and we can use
them if they're good citizens and put them to work.
Where is a plan for that? Here's my plan, I

(21:45):
would say. I would say, this is the system. We
have to still stay by the laws. I like the
fact we're getting rid of the illegal immigrants, the criminals
were getting rid of them, but I want a system
on how to make sure that they are criminals and
we don't make a mistake. I love the fact we're
getting done with debt. I've loved the fact that we're

(22:07):
getting rid of we're using the dudge system to get
rid of all the waste and the extra and the fraud.
But I wouldn't do it this way. This is the
way I would do it, and here's my plan for
doing it. If you want to win as a Democrat,
take what's being done, the ideas that America loves and
move on. If you want to stay in the world,

(22:28):
that men should be in women's sports, that we should
have sanctuary cities, and everybody should be able to live
their criminals or not. If you want to live in
the fact that the government pays for everything, if you
want to live on the fact that we have open borders,
if that's what you want the world you want to
live in, you're not going to win. Americas stood up

(22:49):
and said no. If you do not want parents involved
with young children about their gender and gender changes, you
will lose. But if you go ahead and work on
the things that we're worried about, which is the safety,
which is the border, which is our debt, which is
putting higher paying jobs, which is bringing back the essential

(23:12):
manufacturing jobs to the United States. And if you don't
like the way we're doing taris, how would you make
it so it's even with all these countries that take
advantage of us? And how will you make sure that
everything doesn't go away to waste when we give it away?
When we give hundreds of billions of dollars to Ukraine,
how are we going to follow the money? How are

(23:34):
you going to stop Iran for making a nuclear weapon?
Tell me you have an opportunity to put a real
plan together and not I hate Trump he's a moron,
He's a Nazi. He is going to go ahead and
be a dictator. He wants to run again. He wants
this and that. If you keep doing that, you won't win.

(23:55):
I just gave you the formula for winning. See your plan.
Let's hear your plan. I want to hear your plan.
How are you going to do the things that America
want's done. I want to see how you'll do it.
We got a lot more to talk about. I appreciate
you listening. This is the Money Matter Show. This is
Dean Greenberg. If you need some help, and I know
you do, give us a call. We'll sit down and

(24:18):
do it with you, very very quickly and show you
how you can help yourself through the rest of the
rest of this and then following years. We'll be right back.
Welcome back, everybody to the Money mat of Show. We
have a small crew. Today we got Dave show and
tied Glicka myself for the next hour and a half.

Speaker 2 (24:38):
Got all we need, Buddy, that all we need. A
team is in the house, a.

Speaker 3 (24:41):
Lot of information to parts through. What of All's a week?

Speaker 2 (24:43):
We had? What an incredible week, Unlike anything I can remember.
It's just one of the most violatile weeks in history.

Speaker 3 (24:50):
It definitely historic day on Wednesday and historical week throughout from.

Speaker 2 (24:54):
High to low on the now four thousand points four
thousand points new fifty two week low is for all
of the indices on Monday and then almost straight up
from straight up from there, Wednesday was exploded higher after
Trump backed off on the tariff thing.

Speaker 3 (25:11):
Best day for the S and P, well, third best
day for the S and P since history, well since
World War two.

Speaker 2 (25:16):
I think in history of well, of course the S
and P didn't exist before World War II. Yeah, right,
since world War two?

Speaker 3 (25:21):
Or do some funny back tests where they're like if
it was a round, you know. But and then the
Nasdaq it wasn't really around before the nineties. It was
the second best day ever for the NASDAK.

Speaker 2 (25:30):
And the best since one. Yeah, and what I remember
about oh one was meltdown. I don't remember the best
day ever.

Speaker 3 (25:37):
But I think that just speaks to what happens in meltdowns.
You will have enormous rallies. That isn't really the bottom yet,
so not necessarily we're saying this might not be the bottom.
There might be another return lower here and that's why
you can't just go all in and just be pedaled
to the metal here.

Speaker 2 (25:57):
The other thing that we I think was was really
we were reminded. We've been saying it on the radio show
for a week. We were really reminded on Wednesday, how
you don't get out, you know, because we've talked about
that over the last thirty years, average return ten percent.
If you missed the ten best days five percent. Well
they got one of the one of the three best
days in history and you missed it.

Speaker 1 (26:18):
Yeah, well it depends, though, it depends if you were
lucky and got out over six thousand. That best day
in history that we just had a Wednesday didn't matter
because it's still lower than you were just say, that's
the devil's advocate. The bottom line is the chances are
you're not getting out when we'll make an all time highs.

Speaker 3 (26:35):
You're not getting back in at the right time.

Speaker 1 (26:37):
You're not getting back in either.

Speaker 2 (26:38):
Monday we hit fifty two weeks low, and on Monday
morning I got a call from one of my most
dependable contrary indicators.

Speaker 1 (26:44):
Trump saying we should I thought Trump called you, that's
why you bought no.

Speaker 2 (26:48):
I told Trump to quit calling I get, but.

Speaker 1 (26:51):
Let's let's talk a little bit about this. Okays, A
lot of people you know, I listen, Oh there are
four one K plans. There are four one K plans.
You know. All you hear is on all the news
channels because they want to build up that fear. If
you are working and you've been investing in your form
one K plan, depending what your age is, you better
have that for one K plan matching what your risk

(27:15):
tolerance is so you don't sell out one it's all
the way down. However, if you will have retiredle and
gotten close to retirement and you're just letting it all ride,
that's your fault. That's on you. If you have an
advisor who hasn't set you up in a more conservative approach,
and that's not just saying oh, I'll being better dows

(27:37):
or just diving and paying stocks, that's on him. If
you're going to have to live off money in your
retirement plan, okay, you need to be in something that
is going to give you a five year window that
you can wait for the growth part of your portfolio
to come back while you know the other money is

(27:59):
there every every single year for you. I don't want
to say anything that you know and pap myself on
the back, because I'm not that type of person. But
I'm going to tell you after two thousand and one.
It was in two thousand and four, I was sitting
in a meeting listen to this guy try to talk
to us about all these annuities and cash flow, and
all I said, you know what, I can put together

(28:19):
a thing called a simplan Strategic Income Model. And the
way it basically works, and we do this for people
that have to live off their their retirement money is
you take a one year, two year, three year, four year,
five year bond and ladder it out, which means every
year one of those bonds are come. And do now,

(28:40):
every year when one of those bonds are coming, do
you take enough money from your growth dividends and interest
on the other side and you buy a five year
bond so you always have a five year rolling deal.
The only caveat is if you really four thirty forty
fifty percent, you might not take the money from your
growth part there and do it. You might want to say, hey,
you know what, I'm gonna do a half a bond

(29:01):
this year. I'm gonna wait for this market to come
back up a little bit, then I can buy it again.
There is and that's what that's prudent money management. But
when I'm telling you there's a way to do that
and to be conservative and still be able to make
some upside money without distress just rocking your mind. And
you know what, if you don't have it, then you

(29:23):
better look for a better advisor because you should be
looking at someone that cares about what's going on, not
just how much money you can make. And if you're
that per oh, I can handle the growth and I'm
going to pull this out and I'm going to take
out ten percent. If they're not telling you that you
can't take out seven, eight, nine, ten percent and always
see this go up, then they're not giving you the truth.

(29:44):
And when it comes down, it's devastating. So this is
the time to figure out if you're stressed out. If
you are, then you better take advantage of our free
financial plan. And I'm not selling you that. I couldn't
care less if you said just listening and think it's
a sales job, because if you think that's a sales job,
then don't come in. We've been helping people get through

(30:07):
down markets since nineteen eighty seven. Nineteen eighty seven, the
worst for me was two thousand and one, when I
had to hold people's hands. At least in two thousand
and eight, I already had the simplan in place, and
I'm just telling you how it is. From a business standpoint, Yes,
we make less money were fee based business, but that's
not what I'm looking for. I'm looking to take the

(30:29):
stress off clients that want to deal with us. Ye.

Speaker 3 (30:36):
Well, this is really key when you look at the
financial plan, looking at the income gaps that some people
might have, with most people not getting pensions and Social
Security not going to cover all the bills are particularly
what happens most of the time is someone will retire
from sixty two to sixty five and they're not going
to turn on so Security until sixty seven or seventy.
So you have that interrim years where you're pulling out

(30:57):
a larger amounse. You have to be more conservative. That's
where that SIM model can really play well. It can
pay dividends no pun intended, because of the fact that
you're putting a lot of the money away into conservative
accounts that are going to be paying off interest as well.
As dividends.

Speaker 2 (31:12):
I like your financial plans because they turn a lot
of gray or is into black and white. It's a
lot of a lot easier to understand. We've been talking about,
you know, this selloff is a manufactured sell off. Is
Donald Trump and his actions that are called have caused
the shell off. And like with any man manufactured sell off,
you can reverse it. And that's on Wednesday.

Speaker 3 (31:32):
What we did see is a call, well, the bond
market called Trump.

Speaker 2 (31:38):
They did. Yeah, there was a there was a little
bit of a meltdown going on in the bond market,
and that's going to destroy everything he's working towards.

Speaker 3 (31:44):
So yeah, for those who always you know, you'll watch
the dow, you'll watch the stock market think, and that's
what really moves markets. But we've talked on the show
many times the bond market is three times at least
the size of the stock market, right, and it is
very impacted by currency moves as well. And so we've
had interesting moves in the dollar lately. That's kind of

(32:04):
been contrary. You would have thought the dollar would have
been a lot more stronger with the tenure. This week
had a historic search. I mean, it was one of
the biggest surges in a week in over a decade.

Speaker 2 (32:13):
And you've got lower CPI. Consumer prices came in at
the lowest level in about well, I went, I've been
keeping track of it since we hit nine percent a
couple of years ago, so it's the lowest. The two
point four percent reading was the lowest since I've been
keeping track of it, which is a couple of years.
PPI was actually negative point four percent. You would have

(32:33):
expected in that environment interest rates would have come down,
but like I said, they moved up the strongest they've
moved up in twenty years.

Speaker 3 (32:41):
Like you're saying as well, the month over month CPI
showed a negative, but it was a negative point one.
It wasn't that bad, but it's it's definitely showing.

Speaker 2 (32:48):
The negative point one the actual number one point four.

Speaker 1 (32:51):
Here's the other thing too. If you don't think Trump's
in this to get rid of the debt and just
to go ahead and be able to put out great
headlines that he's doing so great, think about this. He
could have done nothing. Our economy was doing great. He
could have just done a little dog stuff and kept
doing that, and he would have been be able to
tout loot. Look at CPI, Look at PPI numbers. Inflation

(33:14):
is a two point four I'm getting inflation down. Look
at and I told you I'd get energy prices down.
Energy prices are down. Egg prices are down. He could
have been touting that all over. There's a reason he's
doing this. It's not for him to have power. It's
for the damn middle class. He knows if we don't
have a middle class, America is going to be done.

(33:34):
And he's got to do it. That's what he's got
to focus on. And he's got to go ahead and
get us out of debt. Because you know what, Dave,
When we grew up and I said this a little earlier,
my parents, my grandparents, my great grandparents, it was always like,
I want to give my children a better opportunity.

Speaker 2 (33:51):
Sure, while we were.

Speaker 1 (33:52):
Able to save money, have a home, have a car,
go on vacation, and do all the things as a
family and enjoy it, barbecues. People are so strapped today
on their own they just don't think the government can happen.
So they put their hands out and want the government assistance.
The government assistance will absolutely one go away at some

(34:15):
time in the future if we don't do something. Now
you think you're poor. Now people won't be able to
get the things that they would need. You know, they
talk about, well, there's people are that are not eating
in Africa or eating here and eating there because we're
taking this away. Well they're not talking about people in
America won't be eating because there won't be no money
for food stamps, There'll be no money for these other

(34:38):
programs because we will have to stop giving that out
until it's there. Recognize what's happening, and stop believing that
this is bad. Okay, it is bad for the stock market,
is bad for rich people. It is bad for that.
And stop turning it around and thinking, well he set
this up just so as rich guys can go make money.
They already had money. That's why people don't understand the

(35:01):
mentality of rich people. They already have it. Okay. And
and by the way, I've been doing a survey. When
people bring this up, the money about how many billionaires
there are in the in the country, nobody nobody gets
that right. So right now, while you're listening, if you
don't know how many billionaires are in the country, get

(35:24):
out your phone and ask Siri, go siri. How many
billionaires would it be are in the United States.

Speaker 2 (35:31):
You'll be surprised, Yeah, he said, it's a shockingly low number.
There's not a lot of billionaires. People thinks it's tens
of thousands.

Speaker 1 (35:42):
That's all real estate people. And until we change the
laws on real estate, we're not going to be able
to change what's happening. That will be right back. This
is the Money Matter Show.

Speaker 3 (35:53):
Good job, Welcome back to the Money Matter Show. My
name is Todd Glick. I'm here with Dean Greenberg and
David Sherwood. It was a lot of tariff talk this
week as of coming off of last week, we got
the tariff news of all the countries getting the tariffs
this week. He said on Wednesday that he's lowering the
ceiling down to ten percent for pretty much every country
across the board except for China. To China, he actually
escalated it up to one hundred and twenty five percent tariffs.

(36:15):
Now China also escalated their own. It's kind of a
tip for tap throughout the entire week. That's kind of
the reason for the selloff on Thursday after the historic
surge we had on Wednesday, but again we bounced back
good on Friday and ended with the best week in
the market since twenty three.

Speaker 2 (36:31):
Very high shakes game of chicken going on between the
US and China, and China cannot possibly win. I don't
know what they're thinking. We learned during COVID that their
leadership is not that bright and apparently they're showing that again.

Speaker 1 (36:43):
Well, what they're hoping for is that they'll be able
to I mean, they said, keep you The people around
the world don't like America. I mean, listen, anyone that's
getting hurt right now doesn't like America, doesn't like Trump
because they don't see the bigger picture. Okay, but at
the end of the day, China is going to be
surprised when the Asian markets and India and everybody else

(37:06):
could be trading partners with US and not China. Now,
China will try to cheat like they do with Mexico
and Vietnam and put their goods through them in order
to go ahead and still be able to sell. But
it won't be as easy and it won't be as good,
and they're going to have problems. They have problems now.
They lie about the economy, they lie about everything.

Speaker 2 (37:24):
Oh, you don't have any idea what's going on over there.

Speaker 1 (37:26):
But that's communistem They will always protect, the government will
take and do and that's why you got the aliocs
and the poor.

Speaker 3 (37:34):
And what what you were talking about earlier is so
key though about the Paris Climate accord, as well as
China being an emerging market and all the things that
they get, benefits that they get as being coded as that.
It's really just set up from these really large like
IMF Global Bank, you know, the WTO these organizations that
are set up to oversee huge regions that pretty much

(37:57):
just limit free trade and put regulations against really America.
It's almost designed to promote a global socialist program that
eventually you can get older one world government.

Speaker 1 (38:08):
Think about what the EU is.

Speaker 3 (38:10):
Every country had their own government and then they all
came together and look how you're doing under a socialist regime.
And that's how the whole world was trying to take
advantage of us. We were paying everyone else's bills. That's
what socialism means. Someone has to pay those bills. It
was coming from us, and that's why then the whole
world's bad at us because we're going to stop paying
their bills for them we.

Speaker 2 (38:30):
Have this coming week. We have a Easter coming up
Solute on Good Friday, the market is closed. Traditionally the
market's been closed for Good Friday. That's just coming Friday.
So next week we got a four trading days. And
in the spirit of the Easter. What do you guys
think the number one selling candy in the United States
is Raese's Pieces. What do you think, Dan?

Speaker 1 (38:53):
The Bonnies?

Speaker 2 (38:54):
I don't know, No, No, I would have thought it
was probably a Hershey Bar, maybe Snickers, right and anyone young? No,
it's Reces peanut butter cups.

Speaker 3 (39:03):
Yeah, it's the it's the eggs.

Speaker 1 (39:04):
Yeah.

Speaker 2 (39:04):
The weird part about the no, no, not not just
I'm talking about candy and in general, in general and
not just Easter candy.

Speaker 1 (39:12):
Is it the chocolate and the peanut butter.

Speaker 2 (39:14):
Yeah, yeah, the Recee's peanut butter cups. And and the
weird part about that is is they out sell the
Hershey's chocolate bars two to one.

Speaker 1 (39:22):
Because they like the peanut butter with them. That means
like they like the mixture.

Speaker 3 (39:25):
That's why if you ever had this, you got to
look for the Reese Pieces. They have animal crackers dipped
in recent pieces of chocolate.

Speaker 2 (39:33):
But you brought that man. The other was really delicious.

Speaker 1 (39:36):
It was yeah, my wife banks no, she came up.
I don't know if she saw it or came up
with or whatever. She just basically, uh, it's your matza
right with with chocolate and and then I don't know
what else she puts on some caramel or whatever, and
it was very delicious.

Speaker 2 (39:55):
Oh my god. I saw him at Beyond Brea. It's like,
I know, there was a whole whole bun. Don't of
it beyond bread. I thought it was maybe a seasonal thing.

Speaker 1 (40:02):
No, no, no, she started making it in a few
years ago.

Speaker 2 (40:05):
That your wife would make it and that it would
be it beyond bread for the first time. It has
to be it has to be a season some of
some type.

Speaker 3 (40:12):
Well, I think, yeah, pass Over it was hey.

Speaker 1 (40:15):
Yeah, but we had shlow mos and we never had
it there, so I don't know if we had Mostly
we had a lot of Jewish food there.

Speaker 2 (40:20):
Very historic week in Tucson. Last week Friday, the earliest
one hundred degree day in history, beat the old record
by a week. And people say, oh, it's going to
be a really hot summer. I've lived here for fifty
four years. It means nothing. Next week in the eighties,
are you ready for this? Easter weekends Sturday and Sunday

(40:40):
in the seventies. That's nice, pretty nice, pretty nice?

Speaker 1 (40:45):
Tell you what?

Speaker 3 (40:45):
Had another historic week gold?

Speaker 2 (40:48):
Oh my old goodness.

Speaker 3 (40:49):
Continues the search and that, honestly, it's it's got to
be some bricks nations. That's there one way to really
fight the dollar. If gold continues to search higher, and
then event if everyone's going to gold, that's obviously a problem.
Thirty two fifty goals up two hundred dollars this week,
two hundred buck. It has recorded twenty one record closing highs,

(41:11):
record closing highs in twenty twenty five.

Speaker 2 (41:14):
I can end that twenty one. I can end that.
Just go buy them. I can end that single handedly.
And so everybody'd be nice to me or I'm gonna
go buy some gold, all right.

Speaker 1 (41:23):
So let's go back to the mentality of the market.
So I was, I was in the gym this week
and the guy comes up to me and we starts
talking about the markets and and everything and what he's doing.

Speaker 2 (41:36):
And he goes, this was this was Wednesday morning. Wednesday, Yeah,
before the twenty percent pop. Remember Wednesday morning started off
quiet and then it just took off.

Speaker 1 (41:46):
Right, And no, it was Thursday. It was Thursday. And
what happened was he started talking and he told me
that he that his advisor took him out of the
market completely. Yes, you said, I sold so much? I said, why? Said, well,
she told me it's probably going to go down, and

(42:07):
she was very nervous about the whole thing. I said, yeah,
but you probably were telling her that you were nervous
and you need it out and you didn't want to
see this go down anymore. He says, no, I didn't.
She that was her advice, so I took it. Yeah,
obviously I thought things were going like that way. I said,
But you've been around this so long. Why did you
do it? I said, so? Now how I said, Where

(42:28):
are you going to get back in? I don't know?
I said, because you're not going to get back in
because we've already rallied back up and now you're worrying
about why you're not in, And if you go back
down to forty eight hundred on the S and P,
you won't get in because you think it's lower than
forty four than four thousand and next thing you know,
it'll be back to six thousand and you say, man,
I should have gotten back in at the end of

(42:50):
the day. There's a portfolio you can go into. I
said that will be conservative for you, that we can
limit the downside on you and be able to still
be able to produce a six, seven, eight ten return. Okay,
that's what you need to do. People can't just get out.
There's things you can reduce your risk in so you're

(43:11):
still part of it.

Speaker 2 (43:12):
Buy insurance. There are ETFs to allow you to buy
insurance against your portfolio if you want it.

Speaker 1 (43:18):
And Calamos. We talked about Calamos. We talked about those
structured products, the way they they're set up, you know
to and it's you know, I understand People look at
things and go I don't understand them. You know, I
get that. Okay, I understand them. It's simple. It's what
we do. You buy the S and P, you buy

(43:41):
puts against it, you sell calls against it. You limit
your downside to basically nothing, and you limit your upside
to eight, nine, ten, eleven percent, depending when you're getting in. Yeah,
that's it.

Speaker 2 (43:51):
You're never gonna get You're never gonna get in cheaper
than where you get out. We've talked about this at night.
Now you get out, how are you gonna get in?

Speaker 1 (43:57):
You never gonna get it, so look, said me, goes,
you know I don't usually uh really, you know, nobody
really makes me stop and think. You're stopping to make
me think. I said, okay, what are you thinking about?
He's thinking? He says, I'm thinking about giving you a call?
I said, well, you know who I am. Give me
a buzz. I'll be glad to show you. Call you
and I don't care, I said. If you don't want

(44:18):
to deal with me because we've been friend a while,
I said, and deal with her, that's fine, but don't
let a freaking get you out of the market. You
don't even use that money, he goes, I know, isn't
that stupid?

Speaker 2 (44:28):
Don't need it, doesn't produce any come, you don't need
it in your life. It's it's it's savings, right.

Speaker 3 (44:34):
So structured ETFs, I mean those are very interesting at
these levels because of how much the market sold off,
and when some of these have come out, you're buying
a significant discounts, which means that you have higher protection levels.
I mean Some of these have one hundred and one
percent protection, which means even after expense fees, which is
about eighty basis points, you're guaranteed a point two profit

(44:54):
if the fund works out to do what it says
it's going to do.

Speaker 2 (44:56):
Yeah, if they if they say what they're gonna do,
if it, like you say that it's important too, Yeah,
we believe it will. We believe that they've put a
lot of time and effort into building this product.

Speaker 3 (45:05):
Don't they don't let us say for sure.

Speaker 2 (45:06):
No, I mean they can't. They can't guarantee anything. Hey,
let's talk a little bit about Tesla. I was reading
in the paper about these Tesla protests we're having here
in Tucson, and they're they're being held at Campbell and River. Now,
I don't know if they got kicked off of Oracle
and River. Oracle and River is a way busy intersection
in Cambell and River, and they started at Oracle and

(45:27):
River and that's what the Tesla dealer is, So I'm
not really sure why they weren't there. Maybe they got
pushed out of there and they're not anyway. These these
were started by an elderly couple who are mad at
Trump and took that out on Musk, right, because Trump
is a Musk. Is an easy way to get at
Musk is to hate Tesla's And I was thinking about this.

(45:49):
I was thinking about, Okay, if you're you're mad at
Trump and Musk is a jerk, and this and that,
and I'm thinking, okay, Musk, what is Musk done? Musk
has created five hundred thousand jobs in this country. He's
put more electric cars on the road than all other
manufacturers combined. He's now spending his time and his money
to try to get our ballooning budget under control. And

(46:12):
he rescued astronauts from outer space. Now, why would you
not hate a guy like that? I mean, what, well,
eleven periods are you doing all this with? Twelve? Now twelve?

Speaker 1 (46:24):
Maybe even because I remember when he said I just
had another kid and he was holding that. Now you
have a football.

Speaker 2 (46:30):
Team, you remember that. That's good. But you know you
think to yourself, seriously, that's you're going to protest.

Speaker 1 (46:39):
I want to put this guy out of big It's
just like I said before, I'm so tired of looking
at both sides. Everything they do is wrong, and everything
the other team is doing wrong. How about seeing what
they do is right and build on it, build on it.
There's nothing wrong with the concepts that we're doing right now. Okay,

(47:00):
we're closing the borders, getting rid of criminals, trying to
reduce our debt, getting rid of waste and uh fraud
and overspending in the government. There's nothing wrong with any
of that stuff. If you don't like the way we're
doing it, I keep saying, give me the plan, Democrat.
You have a chance right now to start talking about

(47:20):
your plan if they were able to vote for you. Yep,
that's what I would do. I would win just talking
about this is good, this is good, but this is
how I would do it.

Speaker 2 (47:29):
Guys, that's so much great for this country. And this
is the way you hear them.

Speaker 1 (47:32):
All Right, We'll be right back. This is the Money
By the Show. Appreciate you listening. If you need help,
call us. Otherwise just listen. We'll be right back.

Speaker 2 (47:40):
Welcome back to the Money Matter Show. This is Dave Show.
What I'm here with Dean Greenberg. I'm here with Todd
good Junior. We've got a pretty special segment coming up.
After this segment, Todd, do you want to give us
a little highlight.

Speaker 3 (47:51):
Yeah, we went up to Phoenix and recorded our TV shows,
all six new ones, and they'll be starting to come
out this week on NBC. You can see that on
eight AM. I believe that was right after Meet the
Press whenever that airs, and then after the ten pm news,
so we have two chances to see our TV shows.

(48:11):
This week will be the one that Dean talks about
tariffs and Trump's and his economic outlook and all that
good stuff. And we actually took the audio recording of
that TV show and put it for the next half hour.
So we'll finish this half hour me and you Dave,
and then you'll you'll be able to listen to Sarah
and Dean talk about kind of the tariffs that we've been.

Speaker 2 (48:34):
It's nice dominated the headlines and Dean's got some good
insight on that and ask some good questions. And it
wasn't our intent to put that as part of the show,
but it came off so beautifully that we thought, let's
let's let's get that out there. Yeah, absolutely, it makes
a lot of sense to people.

Speaker 3 (48:51):
You can always check out our YouTube page where we
have all the TV shows. We'll post them the new ones.
If you can't catch them on the TV on that station,
you can go onto YouTube. We have our weekly market updates.
The podcast I hope is getting posted correctly now if
if there's any issues, let us.

Speaker 2 (49:08):
Know its country thunder. So who knows what's going on
at KNSG.

Speaker 3 (49:11):
Team might not be working the same way this week,
but we hope so this week the market, since it
is the first the second hour we'll run through. The
Dow was up five percent on the week, The SMP
was up five point seven. The Nasdaq led the way
higher at seven point three percent, The Rust of two
thousand was up one point eight, and the equated was
up three point one. That is something to know. Obviously
a big diversions between the S and P five hundred

(49:33):
ups five point seven, equated up three point one. Noting
that largely this was driven by the top ten companies
really just the mag seven and.

Speaker 2 (49:43):
It was one of the most volatile weeks in history.
I mentioned earlier, from the high on the Dow to
the low on the Dow, and we don't watch the Dow,
but it's a good representation of this past week. Four
thousand points. Last week we hit new fifty two week
lows for all of the major industy. He's on Monday,
and by the end of the week the S and
P five hundred was ten point nine percent above that level.

(50:06):
So if you're feeling uncomfortable for whatever reason of the
volatility's bothering you, you need to feel like you want
to revisit your risk profile, please give us a call.
We're happy to do that is free of charge. We're
happy to go over a financial plan with you. We're
happy to look at your portfolio via our risk profile

(50:27):
tool and tell you what level of risk you have
in your portfolio. Very helpful for a lot. I bet
you has a young man todd. You probably still eat
Craft macaroni cheese.

Speaker 3 (50:38):
No I don't.

Speaker 2 (50:39):
You don't, but you have in your life.

Speaker 3 (50:40):
I have in my life.

Speaker 2 (50:42):
I was watching a show the other day and Craft
came up with this macaroni and cheese in the box
in nineteen thirty seven. Nineteen thirty seven. Here we are
ninety years later, eighty seven years later or whatever. They
still sell one million boxes a day. Yeah, one million

(51:03):
boxes every day of mac and cheese. That's a lot
of darn mac and cheese, isn't it. Yes, one of
the most widely followed stocks. One that we watch talk
about a lot is Apple. Apple has really taken paid
the price for these tariffs. But interestingly, on Friday, with
the Chinese tariff going from what eighty four to one

(51:26):
hundred and twenty four something like that percent, and in
the US up and out of one forty five or
the essentially a trade in Bargo is what you've got
with one hundred and forty five percent tariff, You've got
a trade and bargo. Apple gets a lot.

Speaker 3 (51:40):
Of explain what embargo means for people who might not know.

Speaker 2 (51:43):
It's the prices to the point where you just are
you're not going to export anything. Nothing's going to come
from China. And you've seen that in some of the
housing stocks. You've seen it. It's just impact so many companies.
And we've moved a lot of our manufacturing from China
to Vietnam, and I know that Trump would like a
lot of that to come back to the United States,

(52:05):
which would seemingly be wonderful on paper. It would mean
higher prices certainly, you know, because you can labor there
is quite a bit cheaper. But Apple and China, Apple
still deeply embedded in China, not only selling to the
Chinese and paying essentially one hundred and twenty five percent
tariff going in, but then getting your components out of

(52:28):
China paying one hundred and forty five percent. So you
look at Apple and you go, oh, I understand why
that's down. I mean, this is this is a nightmare
for Tim Cook. And with that said, Apple had a
pretty good week last week, and it had a pretty
good day on Friday, even though the tariffs went higher.
It's approaching two hundred dollars to share again. And it

(52:49):
made me wonder if there might be something. I remember,
Tim Cook was at the White House probably a week
or ten days before this broke. You think maybe Kim
knew this was coming potentially, And and the thing that
struck me Friday, as I was watching the performance of

(53:09):
Apple stock, which was awfully darn good, is is there
a possibility that Trump is going to carve out a
niche for them where they will they'll not be subject
to the tariffs. Yeah.

Speaker 3 (53:22):
I think with potentially some of these stargate companies, the
companies that injected hundreds of billions of dollars. Wherever that money.

Speaker 2 (53:31):
Went, I don't know where, I don't know.

Speaker 3 (53:33):
Yeah, that seems to give those companies maybe a leg
up on it on these tariffs. If there is to
be deals to be done on company specific levels, certainly
Apple is part of that stargate. I mean, I think
there's a video we know as part of stargate, So
maybe any chip sent from them won't be subject to them.
You know, maybe Apple phones aren't subject, so that is

(53:54):
a potential. But yeah, I mean, there's no no rumors
about it just yet that I've been hearing.

Speaker 2 (54:00):
And this is why you. First of all, every market
decline in history, and I say this until I make
your hairt I'm sure every market declining in history has
been an opportunity to buy. Some of them have been
better opportunities than others. But when you see a market
down twenty percent, which is where we were on Monday.
The S and P was down over twenty percent, that's

(54:20):
an opportunity to You've got to buy something. You can't
have the market go down twenty percent and not buy something.
Right on the other side of that is, let's just
assume Monday morning, we come in and Trump has decided
that he wants to sit down with China right now
at the playing game of chicken right, and they don't

(54:40):
want to be first. We don't want to be first.
Whoever is first gets has the upper hand, blah blah blah,
you know, or has the whoever second has the upper hand.
They're waiting, waiting, waiting, waiting each other out. But China
is going to be out of business if these teriffs
continue to hold. The US will be damaged, but not
anywhere to the extent of China. But what if Trump
comes in Monday morning and said, we talked with Beijing

(55:03):
over the weekend and we're going to get together in
Vienna and hammer out a trade deal. What do you
think the market does.

Speaker 3 (55:09):
Well, the market would obviously explode.

Speaker 2 (55:11):
Explode higher, and you're in cash, or you've gotten more defensive.
Try as best you can to fight the urge to
get more defensive when the market's down and to get
more offensive when the market's up. It's the absolute opposite
of that. And I think that probably the best way

(55:31):
to do this is I had a client of ours,
and this is the true story. Her neighbor was so
stressed about what's going on in the world that she
went to see her doctor. She was physically ill, and
the doctor examined her and then brought out his prescription
pad and wrote down, turn off TV. I think that's
really really good medical advice is to turn off the TV. Yeah.

Speaker 3 (55:56):
I mean the volatility was huge this week, and we
live in a world that is gonna be increasingly volatile,
especially the markets, because we have more leverage products. There
is more increasingly use of options that's a derivative product.
Any derivative is something that is not just a basic stock,
it's derived from that stock price and adds volatility a

(56:17):
future market options and then what we have now called
zero dated options, which we don't need to go into.
It's basically just flipping a coin and trying to bet,
and it increases volatility. And that's why we have some
of these huge one day moves. They're most likely not
going to get smaller. These moves are going to get
bigger and bigger as the years go on because of
the increased use of these leverage products. On top of that,

(56:40):
we live in a social media world now. In twenty
years ago, a president couldn't just tweet something and have
the market go up ten percent. You would have had
to do a whole press release, right There'd be a
whole press conference, there would be very formal. Literally a
true social tweet is why the market went up ten
percent in under a couple hours. So the ability to
the market is increasingly impossible. And also trying to mitigate

(57:04):
risk by just using the spy and a bond etf
in a leverage product world, it's gonna make you very
scared at times to see those fluctuations. Another thing we
want to talk about, because Dean talked about four one ks.
When your four one K keeps growing, say it was
two hundred thousand and twenty twenty two market drop, now
it's around three hundred and fifty because we've had good

(57:25):
twenty three, good twenty four, and now that three point
fifty drops to two seventy five right, seventy five thousand
dollars loss. That was a couple of years ago, almost
fifty percent of your portfolio. But it's not anymore. Okay,
So the dollar fluctuations are gonna get increasingly bigger the
bigger your account gets. So the bigger your account gets,

(57:45):
if you start calling us and saying I lost thirty
thousand dollars, I say, okay, what's your percentage loss? Yeah,
that's what matters. So that's what I always tell a
client when they call me up and say, hey, I
lost X amount of dollars if it's in a dollar value,
looking at it wrong in my opinion.

Speaker 2 (58:02):
Well, in two thousand and eight the S and P
bottom that's six sixty sixth right, So ten percent moved
there would be sixty six points. At six to ten
percent move is six hundred points, ten times as much.
You're absolutely right, it's all about percentages. But just try
to one of the things that I saw an article

(58:22):
several years ago that the primary thing and money manager
brings to the table is taking emotion out of the formula.

Speaker 3 (58:29):
And that taking emotion out of the formula is actually
a study that Vanguard did and they found that it
brings about two to three percent to the average investor,
more than if the investor did it by themselves because
of the fact that most people can't manage their own emotions.

Speaker 2 (58:45):
Yeah, and it's very difficult. I get that. I get that.
But the call on a Monday morning from my contrary indicator,
should we go to cash? And you know I talked
to him off that ledge. He did not go to cash.
He didn't sell a single thing he didn't even buy
inverse fund, which I offer for him as a as
kind of a handholding thing. Is, why don't we put
ten percent in the inverse fund? He goes, well, you

(59:06):
think that'll work. I said, no, you lose money on it,
because the market's going to go back up and you're
going to lose money on the insurance. Well, then just
don't do it. And I haven't heard from him. He
didn't call me on Wednesday and say thank you. But
then we don't do this for thank you. Yeah, we
do this to help people.

Speaker 3 (59:21):
Fashion had a very similar call from a good client
of his that he was wanting to get out of
the market completely, and he had to talk him off
the ledge and say, we're just not going to take
you out. We're not going to sell your entire account here.

Speaker 2 (59:33):
It's just such a relief when the market's going down
to end it. But then, like Dean said, you're never
going to get back in. Actually, what I've seen in
my fifty years of doing this is you always you
always get back into a higher price.

Speaker 1 (59:46):
Well.

Speaker 3 (59:46):
It's also funny because the same client three months ago saying,
why are we not more aggressive?

Speaker 2 (59:51):
Yep, you know everyone.

Speaker 3 (59:53):
Wants it both sides, but ultimately that's why we do
a financial plan because what matters is your goals and objectives,
not the retur hen not the dollar value. That's not
going to bring you happiness. The happiness, the peace of
mind that you're looking for is understand that you're able
to do what you want to do on your own terms,
and the market doesn't change that, and especially doesn't change
that if we had a plan showing that, even if

(01:00:14):
the market does what it is doing now, it doesn't
impact And that's why that Monte Carlo simulation brings people
so much peace of mind because it shows them how
much more the money they could spend potentially or if
they're right where they need to be or it can't
spend anymore. It shows them what's the max draw them
they can have, and then we structure the portfolio off
of that to make sure it can never achieve a

(01:00:36):
loss that big because of the risk profile of how
we create the portfolio. So how we money manage goes
hand in hand with how we plan for the for
the financial world of someone, So it's both both.

Speaker 2 (01:00:49):
You know, when the market city new lows, you need
to be a buyer. When the market City knew higher.
You need to be a seller. It's that simple. I
don't mean to sell everything. By everything, I'm telling you
to buy it, But you think about this market has
now the S and P five hundred has now bounced
eleven percent off of the low hit just five days ago,
if during this down period, and thirteen percent off of

(01:01:11):
the all time high which was hit about six weeks ago. Right,
if you're getting a twenty percent off sale and you're
not buying something, you're going to look back and go
I should have done that. I had a couple of
interesting stocks that seemed odd to me this week. CarMax.

(01:01:32):
We've been talking a lot about the tariffs raising the
price of new cars and how the used car dealers
ought to do really, really well in this environment. Carmas
came out with their first quarter earnings and the stock
had moved had moved up probably fifteen percent over the

(01:01:53):
last couple of weeks on that you know, used car
deal Then they came out with first quarter earnings. Now,
first quarter earnings ended March already. First, this whole tariff
tantrum thing didn't start until April, so the earnings that
the benefit that they're going to see from more and
more buyers because of the high tariffs wasn't even included,

(01:02:15):
and the first quarter came in a few pennies Bowl estimates.
Stock goes down twenty percent. I'm thinking, wasn't aren't we
talking about the future here, not the past, because those
earnings are the past. So if you believe that used
car dealers are really going to kick it going forward,
you got a heck of an opportunity with Carmack.

Speaker 3 (01:02:36):
Yeah, that's quite a big of a sell off there.

Speaker 2 (01:02:37):
It seemed like it just the wrong direction.

Speaker 3 (01:02:40):
Frankly, something I noticed is Bitcoin stayed pretty much flat
on the week, sold off during the weekend leading into Monday.
Kind of was the prelude of what's what we're going
to see on Monday, which was the low, and then
it traded higher and it's flat on the week. Friday
had a big update, was at five percent eighty three thousand,
six hundred. Now, I do think risk assets as a whole,

(01:03:04):
with the monetary flows, quarter four was bad. Quarter one
got a little bit better. We had a little bit
of a weeker dollar things like this could help spark
that rally for some of these risk assets, but ultimately
I don't think the party last anywhere past this summer
because this expect it all depends on rates, in my opinion,

(01:03:24):
because we have this big rolling of debt that's going
to happen in twenty six and even bigger in twenty seven.
If we have the tenure still at four or five
come into twenty six, there's gonna be some big monetary pressures.

Speaker 2 (01:03:37):
Yeah, a lot of these bonds are at one.

Speaker 3 (01:03:39):
Percent, right, could you imagine going from one to four
that you think debt servicing is high? Now, yeah, it's
already bigger than defense budget. But what happens when you
have to roll that over to force.

Speaker 2 (01:03:49):
I remember during Trump's first term he was talking about
issuing a forty year bond and a fifty year bond.
I wish they could have gotten that done. That wouldn't
have been marvelous to all. And of course you're you're
sitting here going, well, what are both the poor people
that bought those? They're mostly institutionally owned, Oh and most
longunter paper.

Speaker 3 (01:04:06):
I mean, I think Japan owns almost like eight percent
of all our treasury debt. They just do it because
it's a financial game.

Speaker 2 (01:04:12):
Yeah, they have China's not the number one debt holder.
That actually the number one holder of US debt if
US citizens. Well, yeah, that's from a country standpoint, it's Japan.
And then yeah, I think China's third. Something like seventy
five percent of all of our debt is owned by
people who live in this country, So it's when they
know China is gonna really clean our clock. Not so much,

(01:04:36):
not so much. Another one I saw. We talked last
week about Newsmax and the volatility, supposedly a rival to Fox,
although nobody knows where you can find it, so I'm
not sure how I've gotten I got like, have you
actually found out where you can find it?

Speaker 1 (01:04:50):
Oh?

Speaker 3 (01:04:50):
Yeah, I got two or three emails over the weekend
about Newsmax. It's quite a quite a buzz about the
radio we're talking about last week, Okay, all right, yeah, yeah, No,
I guess it's on comcasts and Dish and there's there's
a channel on there. I guess people been listening to it,
people have been subscribing or whatever you do to it.

Speaker 2 (01:05:07):
I guess I need to pick up my clicker and
say news Max and it'll take me wherever, Yeah, wherever
I need to go. But if doesn't have anything to
do with the company or what they do. It was
the King Public March thirty first, at ten bucks to share.
It opened that day at fourteen. You could have bought
all you wanted at fourteen two days later, two hundred
and sixty five dollars. Fourteen dollars to two hundred and

(01:05:30):
sixty five dollars in two days. It ended last week
at forty five. It ended this week at twenty two.
We're now coming back down to earth on this. But
when you see something like that, gosh, you gotta be
so so careful.

Speaker 1 (01:05:43):
You know.

Speaker 3 (01:05:43):
We had a client that called and they wanted to
buy it at fifty. Would have been a great move
at two fifty, but now at twenty two obviously, I mean,
they have to have those things perfectly timed. So don't
get mad when you think you missed out on it,
because it's normally it's also when where you got to
get out.

Speaker 2 (01:05:59):
Yeah, and you've got to be sitting in front of
the computer. You can't be putting a thousand shares on
and just hoping it works out. You know, good fundamentals
are not there. We talked before the underwriters spent a
great amount of time trying to determine what the maximum
amount of money they could get for these shares was
on behalf of their client, the company, and they had determined, well,

(01:06:20):
we ought to be able to get ten bucks a share.
Two days later it's two hundred and sixty five dollars.

Speaker 3 (01:06:25):
This year they should have done some stock splits.

Speaker 2 (01:06:28):
There is unbelievable, I'll tell you. In nineteen seventy, there
was one place that was harder to get into than Harvard.
This is a fun fact. In nineteen seventy, Harvard was
difficult to get into. They only had three percent acceptance. Right,
probably that's probably the norm for them, right. There was

(01:06:48):
another place that was harder to get into, the Harvey.
How about twa stewardess?

Speaker 3 (01:06:56):
Yeah, I could tell this was that.

Speaker 1 (01:06:59):
I mean, that's the crazy I don't even know.

Speaker 2 (01:07:01):
It was so popular that it would you say, huh,
would you say twa stewardesses? To become a twa stewardess?

Speaker 4 (01:07:08):
Oh?

Speaker 2 (01:07:08):
Got There was so much demand in the nineteen seventy
to become a stewardess for twa travel the world. Their
acceptance rate was lower than Harvard for a period of
about five years. That amazing Wow, when you think about
all the all the things nowadays, it's probably not quite
as romantic as it was back then. But I thought

(01:07:28):
was kind of cool Harley Davison And this is an
interesting story. Forty five percent off the high. Down another
eleven percent on Thursday, so down over fifty percent on
the ear after the company disclosed that a board member,
Jared Durdeville, resigned. Okay, the director wrote in a letter
that he had grave concerns about the current state of

(01:07:50):
Harley Davidson and his leadership. Now that's that struck me
as odd, struck me as maybe a personality issue. You're
not doing it the way I want. So I'm going
to take my ball and go home. You know, I'm
president of my HOA and I'm president of my church,
and I'm pretty sure there are some who have grave
concerns about my leadership. You know. It just it's amazing

(01:08:13):
that the stock can give up eleven percent because some
board member decides that he wants to make a comment.

Speaker 1 (01:08:20):
Right.

Speaker 3 (01:08:20):
Hey, what we did see this week, like we were saying,
is increased bond volatility. The two year ten year should
have spread. The tenure got back up to that four
or five mark. That is an issue. We're going to
need to keep watching that because if it goes higher
than four or five, that's kind of the alarm bell
of the system.

Speaker 2 (01:08:37):
It's a little scary actually right now in terms of
the interest rates rising, because higher interest rates is bad
for everybody.

Speaker 3 (01:08:43):
Well, and not just higher interstrates volatility in bonds. You
can't have too much bond volatility because we loan against it.
I mean, the whole system is kind of based on
loaning against bond values, and so all of a sudden
bond values get messed up, a lot of things have
to get sold off and readjusted, and that can lead
to contagion in other markets. So that's something they'll watch.
But we are squarely entering into earning season, so banks

(01:09:06):
start on Friday. We'll have a little bit better idea
on Monday of how those came and reported. And then
we go into some of the defense companies. The first
up or like Lockheed, they're reporting in about seven days.
We got Raytheon, we got Boeing. Boweing's going to be
an interesting one. They've sold off so significantly there right
now priced at pandemic.

Speaker 2 (01:09:26):
Loves there and there's a good chance that that Trump
is going to use buoying to help balance trade with
other countries. Yeah, I mean that that company stands to
benefit from this, It would seemed to me.

Speaker 3 (01:09:38):
And I've heard a lot about this Golden Dome being
talked about and potentially at one point going to be
announced because you know, we know Raytheon makes the missiles
for the Iron Dome. Obviously Iron Dome is the the
missile system for Israel. The Golden Dome would be the
missile system for the United States to protect us. Obviously
not in the same type of need of Israel, but

(01:10:00):
having it would also bring a lot of jobs, and
Raytheon and a lot of the defense names could benefit
off of that. So that's going to be interesting space
to watch. But earning season as a whole, I think
these tariffs now having a ceiling of ten percent gives
the CEO some type of framework to then give guidance
I think they didn't have before.

Speaker 2 (01:10:19):
Yeah, but not to be dismissive of this, but we're
talking about earnings for the first quarter, and this cast
didn't starting to tell the second.

Speaker 3 (01:10:27):
Well, no, I'm saying guidance for sure. Guidance is what
you want to watch and the what were they going
to say if they didn't know what terraffs were? And
now at least they know the ceiling.

Speaker 2 (01:10:35):
And if nobody really knows what the E is going
to be in Pe, how do you value stock?

Speaker 3 (01:10:40):
That's that's a very good point.

Speaker 2 (01:10:42):
And nobody knows what he is going to be.

Speaker 3 (01:10:43):
That was kind of the concern going into this earning
season is where are these tariffs? Where are they going
to be? None of these companies and now the CEOs
kind of feel at least have a little better framework
of how to report.

Speaker 2 (01:10:53):
We're seeing We're seeing a number of companies pull guidance,
and I think the common theme about first quarter earnings
report is going to be strong reports, weak guidance or
uncertain guidance.

Speaker 3 (01:11:05):
Or but may have already cut guidance too though.

Speaker 2 (01:11:09):
Oh because you really didn't know this chaos was going
to happen until within the last week or ten days.

Speaker 3 (01:11:13):
Well, a lot of companies have already cut they have.

Speaker 2 (01:11:15):
Oh absolutely, but that's what I got to do with
Q one earnings. Nothing.

Speaker 3 (01:11:18):
Well, No, I don't think the earnings reports are going
to have the actual earning side. It's going to be
the guidance.

Speaker 2 (01:11:24):
Stay tuned, we'll be back with the Dean's thoughts on tariffs.

Speaker 4 (01:11:28):
Thanks for listening, Hello, and welcome to Money Matters. I'm

(01:12:02):
Sarah Peterson here with the famous Dean Greenberg, president of
Greenberg Financial Group. We're famous to me, just so you know.

Speaker 1 (01:12:09):
I'm not that famous, but you know what, We've been
in Tucson a long time, so people do get to
know who we are. And it's pretty cool when people
come up to you and say, oh, I heard you
on radio, I heard you on TV, and we like
what you're saying, you know, and it's kind of neat well.

Speaker 4 (01:12:26):
To me, the neatest thing is how much you love
to educate people, because this is not an education that
we get in school. This is something that all of
us are just learning as we go. And I don't
think there's anything more important than our financial wellbeing and
our physical well being, right, those two things do go
hand in hand. We have to keep up both of
those things. And so we go to doctors. Why don't

(01:12:46):
we go to our financial advisors and get the same
type of treatment, constantly being evaluated, constantly looking at these things.
People wait till it's too long and then they're kind
of backpedaling.

Speaker 1 (01:12:56):
Well, I think more and more people are doing that now,
not as many as that you think they would be.
You know a lot of people using advisors, but they
don't do the financial plan. We have very I would
say ninety five percent of people we deal with get
a financial plan. Now. It's important because it's not just

(01:13:19):
a plan for today, it's a plan for tomorrow and
next year or the year after. It gives you something
in writing that you can look at and as times change,
which we're in right now, it helps them figure out
what do I have to do?

Speaker 4 (01:13:34):
Do you think there's a fear factor for some people?
Those the percentage of people that don't do it, they
just almost don't want to do the plan because they
don't want to know the answers.

Speaker 1 (01:13:42):
Of course. You know, we had a client that came
in that had some significant amounts of money, but they
want to almost take out fifteen to twenty percent a
year to live off of. And you know, we asked thembut,
how's your health? Are you doing this because there's a reason,
and they go, no, we're great, we just want to

(01:14:04):
spend the money. We worked hard for it, and we're like,
absolutely but we got to have a plan for you.
Then you find out there's a few other things, you
know what I mean. There's a house here, there's a
house there, there's inheritance waiting to come, and some other
things which allows them to take money for the next
five years as long as the other things come together,
you know. But it's hard to tell people you can't
spend this much money without you know, be it out

(01:14:27):
of money pretty soon.

Speaker 4 (01:14:28):
Well, I guess there's a sweet spot too, of You've
worked your whole life to make this money and now
you still feel well enough to spend it. So you
want to utilize this window because you know, maybe in
ten years, I'm not going to have the time. I'm
not going to have the emotional and the physical well being.

Speaker 1 (01:14:43):
The biggest problem that we deal with is people with
their fear and greed, and as they get older and
things are going good, they get greedy. But then when
things go bad, they go I don't have that much
time for things to come back. I mean, everybody wants
to be able to make everything on the upside, not
lose anything on the downside, and you can't do that.
That's not what investig is. You want to do that,

(01:15:04):
you get CDs, you get government bonds, which you can do,
but expect three or four percent, you know what I mean,
You're not going to get much more than that. Maybe
you know a few months ago you're able to get
four to five, but now it's probably around four percent,
and you got to be careful. But greed and fear,
and the fear is so big right now with everything
that's going on, and this is opportunities for people that

(01:15:28):
have been around for a while. I try, I try
to educate people. You know what, what you're doing right
now is setting yourself up for the next two, three,
five years. We have these ups and downs, we have
these periods that we go through. But if you don't
have the ability, the experience, the knowledge, and frankly the
guts to step up to the plate and use these

(01:15:50):
as opportunities, then they go by the way and then
next thing you know, you're buying when everything's back up,
or you don't buy it off.

Speaker 4 (01:15:56):
So there's got to be a right time to start planning.
I mean, because you're saying, don't wait till it's too late,
till you're back pedaling and you're catching up. So when
is the right time to start.

Speaker 1 (01:16:05):
Well with financial planning. It's I don't know, if you're
in your twenty thirty, forty fifty, sixty seventy eighties, there's
always some type of plan. They change. When you're twenty thirty, forty,
even fifty, you're planning of your accumulation phase, when you're
going to take Social Security, What are you going to
do with Medicare? How's it going to affect your tax bracket,
and how you're investing your nest egg for the future. Now,

(01:16:29):
once you're in your sixty seventy eighties, it turns into
how am I going to take the accumulation that I
did and turn it into an income stream for myself
to be able to get the income I need to
live on Now. Some people get pensions, that's not enough,
so you got to add to it. Some people don't
get pensions, so they're living on Social Security and everything
else they can get. So planning at every stage is important.

(01:16:54):
What people don't do is do it when they don't
have money. It's okay to do it while you're building
them when you're thinking, because you know, if your thirties
and you're having children, what are you're really planning for
is your retirement along with kids going to school, along
with weddings, along with bon mitzfids, along with everything that
happened while your children are growing, going to college and

(01:17:17):
stuff once they get out. It's a combination of Okay,
how long can I support my kids before I cut
them off? Along with I got to keep putting more
money away for my own retirement.

Speaker 4 (01:17:29):
Can you're just speaking my language.

Speaker 1 (01:17:30):
Yeah, but you're no different than other people. It's just
at all different levels. You know, unless you inherited money
and you're just making it, and unless you're one of
these tech guys that sell their business at thirty five,
forty years old to big hundreds of millions of dollars,
we're all in the same situation. We grind it out.

(01:17:51):
We try to get better. But if you're not saving
and doing the right things and investing correctly, you're going
to be in trouble.

Speaker 4 (01:17:57):
Well, speaking of investing correctly, and this is a very
tumultuous time right now, so I know we're going to
have an amazing show. We have a lot to talk about.
There has been a lot of changes in the political climate,
and I imagine that fear factory you were talking about
has really escalated confusion.

Speaker 1 (01:18:15):
Is that good for the market?

Speaker 4 (01:18:16):
Chaos is really they use the word chaos.

Speaker 1 (01:18:18):
I hate that word. I mean, you know, chaos has change.
The problem we have right now, okay, is that America
voted for change, but once they get change, so many
people can't handle it because they don't understand what it
takes to have change. I've been saying for the last

(01:18:40):
twenty years that we have to do something about Social
Security and not just kick it down and can down
the road, not keep increasing the age of the people
before they full retire and age, and stop going ahead
and having to keep it increasing the amount that we
take off the maximum all right, because eventually you're take
in so much money they never getting anything back, and

(01:19:01):
then they get taxed. It's ridiculous. Don't even give him
SOI security. Let him invest in themselves. But at the
end of the day, we have to look at our debt,
a social Security and a Medicare situation. Those who are
biggest courts well, of course defense, but we need to
do that. And as we've seen, whether you like him
or not, there's not one person that says I don't

(01:19:24):
like I would love to get rid of all the
fraud or the extra spending and the stuff we're doing.
They all say both sides right, but I don't like
the way he's doing it. Well, damn you didn't do it.
No one has done it. And I've experienced in my
life when you do things because you have a vision
to do it, you have nothing but critics, and they

(01:19:47):
criticize immediately and don't let it play out. When it
plays out, that's when I will look at it. I
am an outcome type person. When I invest for you,
I look at what the outcome is over to three
five years. I don't look at what is going to
happen in the first month or two when they're doing
their planned to cut spending and cut our debt. This

(01:20:08):
is not something that happens overnight. To cut changes and
get rid of the fact, you need to get rid
of the government extra some part. It's called labor. Okay.
One of the things that most people will agree with
is that we're tied of people just getting paychecks and
not working. Our society has become a society of people
that don't want to earn it, don't want to work,

(01:20:30):
don't want to come in on time, just think they
can stay home. The pandemic has ruined us. We have
become so soft. It's time for change. And when you
get change, you get people complaining and you get chaos
in their mind. In my mind, it's systematic approach. Will
there be mistake chess, but you have to fix those
mistakes immediately. Politicians is very hard for them to fix

(01:20:52):
it because they have tomit the wrong. I believe this
administration will fix it.

Speaker 4 (01:20:57):
I mean that was a big SoundBite. We have to
take a quick commercial break and when we come back,
we're going to get really into how this is going
to impact your financial future. So please stay with us again.
That phone number is five two zero five four four
four nine zero nine. We'll take a quick break and
we'll see you. So you hello, and welcome back to
Money Matters. We're so glad you're with us because it's

(01:21:17):
an exciting show. Today we're talking about change and how
change is inherently difficult, but we needed it, this country
needed it. So now we're in it and people are
scared because they don't know what is around the corner.
You know, it was a lot easier when it was
four years of no change in mediocrity.

Speaker 1 (01:21:33):
You didn't know what was going on. Yeah, okay. The
first time Trump was in, everybody was on his case.
Can't do this. He didn't know what he was doing. Okay,
he couldn't believe that everybody was against him the way
it was going on. Then you had bided and everybody
liked it because there was no chaos because you didn't know.
They were just doing everything behind the scenes and nobody
knew anything. They never talked to reporters, They never did anything.

(01:21:54):
So when you open and you talk, don't expect everybody
to like what you're doing or under stay what you're
doing because the reporters are not there except to come
down on you. We know that, okay, So then you're
going to have some conflict at the end of the day.
The tariff situation I look at a little bit different.
You're putting on these tariffs to give us an even

(01:22:17):
playing field, or we ever, hear from everybody, especially the left,
we need an even playing field. Well, why don't we
have an even playing field when it comes to trade?
Why are people taking advantage of us? The way I
explain it to people, Canada who I love. I love Canadians,
I love Canada, I love going there. They get two

(01:22:39):
hundred billion dollars off of our import export trade, two
hundred billion dollar access to Canada. Canada would be the
fourth largest state if we were all together, California, New York,
Texas all bigger. Can you imagine if we gave anyone

(01:23:01):
of those states two hundred billion dollars what that would
do just for that state. So now that the fourth Lodgers,
now they're in Canada, they're getting two hundred billion. Why
so they can sit there and boast to the world
that their healthcare system, which is free, it's great. Why
they can boast to the world why their retirement system,

(01:23:22):
their pension plan system is great because of our two
hundred billion dollars extra that we give to them. Take
that away, where would they be? That is what people
don't understand. Why don't we have that two hundred billion.
Why are we the ones giving hundreds of billion dollars
away to people around the world. I want to help people,

(01:23:43):
but we cannot help people unless we are secure ourselves.
People think because we're the government and we can print money,
that we can't go bankrupt. We can go bankrupt. We
can just go ahead and say, oh, we can't pay
a bills right now and put it on hold. Boom,
We're done.

Speaker 2 (01:23:59):
Okay.

Speaker 1 (01:23:59):
The reason the dollar the strong is because we're there.
But if we get to forty fifty sixty billion, we
can't afford it. That's what China wants. That's what all
these countries want, is for America to be taken down
to their knees, not go away, but become maybe two
or three in the world, so we don't have so
much power. That's what they want. And if we want

(01:24:21):
to stay number one, we do it. And if you
think that we're in trouble, what country in this world
is going to tax their tax payers money so they
can send the United States of America checks nobody. We
got to start thinking about us first, take care of
us first, so we can take care of the rest
of the people.

Speaker 4 (01:24:40):
How do you feel like this trickles down to individuals
and in terms of their planning? What types of changes
are we having to look at.

Speaker 1 (01:24:47):
You need to understand how to mitigate risk when the
markets are too high under these circumstances. You have to
also understand that when these come down, and it's because
of these SEP situations, how to buy, what to buy
and want to buy the way you make money investing. Okay,
if this bothers you and you go through that financial
planning process and you realize my risk tolerance is too low,

(01:25:08):
then you start buying into things that will just pay
you guarantees like annuities, but you're not going to make
that much money. And may you know three four five
percent if you're lucky, Okay, government bonds, other secure bonds,
things like that. That's your upside. But people want ten
twelve percent. You know that when the things are good.
So that's how you have to do it. You have

(01:25:29):
to protect yourself during these times. That's how it's going
to put your four one K plans are going to
go down if you're twenty thirty, forty years old, keep
putting the money in. I tell people the worst period
in history was if you retire it in two thousand,
two thousand and we had two thousand and one in
two thousand and eight. Two times we went down over

(01:25:51):
fifty percent. If you kept putting in the money over
that period of time, you would have had more money
in your accounts. Even though you went through that in
twenty ten, eleven, twelve. By the time twenty twenty came around,
you would have averaged seven percent, not ten percent, but
you would have averaged seven percent with those knocked down.
The whole idea is patience, longevity, and being disciplined. And

(01:26:15):
that's what the financial plan.

Speaker 2 (01:26:16):
Does for you.

Speaker 4 (01:26:18):
People who come to you and think that they have
a financial plan, oftentimes it's not a plan, correct, It's
just like a stack of statements that they think is
their plan. But we're not talking about.

Speaker 2 (01:26:28):
That, right.

Speaker 1 (01:26:30):
People come to you with a stack of stuff that's
more like manage my money. Of course, that's what we do.
We do to financial plan to figure out how to
manage your money. Most people just take your accounts and
just manage your money and tell you you're risky. You're
not risky. We actually manage the money according to what
your plan is. So what does the plan do? When
do you need the money? What is your rich silance?

(01:26:52):
How much money are you going to need? How are
we going to get to that? And then we use
you know, the what if system. What if if you
made ten percent, what if you made three percent? What
if you took this bunch money out? What if you
took this money out? Then we say okay, if you
get medicare this is how much it's going to cost
you in today's terms, because if you have a certain
amount of money that you're making, this is where this

(01:27:14):
is how much it's going to cost you. Should you
stay at your and your plan at your work, or
should you take Medicare and get your supplement or a plan.
The other side is a social security So many people
think you get sixty five, you take social security. That's
not the fully time and age. If you're taking into
sixty five, you're not going to get the full amount
of money. And if you're working, you're going to get
penalized and taxed. So there's a lot of things that

(01:27:37):
go into a plan.

Speaker 4 (01:27:38):
When you're looking at a plan like this and somebody
comes to you and they are, say, sixty five, and
they've never done a financial plan, and this is terrifying.
I mean, is it ever too late?

Speaker 1 (01:27:49):
Never? Never? That's a great time too. If you've never
done anything and you're sixty five, that's a really good
time to come. And the reason being it sets you
up for the rest of your life. What we usually
do tell them you're got a little about ninety five
years old, okay, because at ninety five, even if you're
so alive at the end of the day, you're not
spending that much money. Okay, you're not going on trips,

(01:28:11):
you're not going on doing things. You're you and whatever
health care you need, you got it. So you kind
of set that up and we always do it on
a bell curve from your sixties to about seventy five.
We're thinking seventy five eighty, you spend most of your money.
If you make it past there, Okay, you're not going
to spend as much. So we like to uh say, hey,
you can spend more now and you spend more less later.

Speaker 4 (01:28:34):
The go go years and the no go years.

Speaker 1 (01:28:36):
Yeah, well it's fun. I mean, you know, you know,
and then you know. Obviously if you're younger like yourself,
you want to do things with your children and stuff
like that, and that comes into part of the play
and how much you can do it and still put
money away. I tell people, if you are at least
putting the maximum way in your fall one K plans,
that will take care of you down the road and
then when you when you when you're because I do
believe that doing things with your children and making memories

(01:29:00):
I'm more important on how much money you're going to have.

Speaker 4 (01:29:01):
Later on one on that over. It took a commercial break,
and that number on your screen is five two zero
five four four four nine zero nine. We will talk
to you about making your financial plan. And this is
not just a plan that we set it and forget it.
This is something ongoing. It's individualized to you and it's
our gift to you for listening to Dean and I
rattle on about all these crazy money matters. We'll see

(01:29:23):
you in a few minutes. Hello, and welcome back to
money matters. I'm Sarah Peterson here with Dean Greenberg of
Greenberg Financial Group and Dean before the break, we were
talking about tariffs and how this is going to impact
us as individuals and our financial planning. And we did
have a question from somebody asking if you could explain
the tariffs and how it will affect us and will

(01:29:46):
it raise prices on everyday items.

Speaker 1 (01:29:48):
Well, first of all, you know, all you hear is
Taris's attacks. We're going to have inflation. We're going to
have this. Everyone's worried about that now, but they weren't
worried about it the last four years, where we're having
a place she and nothing was being done. Tariffs are
going to make some products more expensive until there's a
deal done, however, is what they try to tell people.

(01:30:11):
We as Americans are very spoiled. If our favorite product
is costing us too much money, we're going to get
the same type of product from something else. It's called generic, right,
There are generics that we can get that might be
the Costco brand or or you know, the Walmart brand

(01:30:33):
that we don't have to get the others, and maybe
it's being made differently. So if they're all going up
in price, unless it's something you need, we will get
away from being a consumer of wants and will become
a consumer of needs. So if you love steak all
the time, and since price of steak goes up, you
might more and more people will stop eating steak supplied demand,

(01:30:56):
you'll start eating hamburger because it's cheaper. What people eat hamburger.
The steak because there's so much supply is gonna come
down in price. So now what stake and hamburger at
the same price, what are you gonna do. You're gonna
switch back to steak now hamburg is gonna come down.
We are going to see prices eventually come down because

(01:31:17):
of tirism, not go up because of supply demand and
the things that we need we need. I mean what companies.
Most companies do, and they're very smart. They get ahead
of the game. That's probably a three to six month
problem that we have. All right, there'll be a slowdown,
there'll be a recession. What is that going to do.
That's gonna bring a slower down. The Fed's gonna be

(01:31:39):
able to lower interest rates. That's gonna help the housing market.
We have waited so long for interest rates to come down.
The only way the interest rates come down is if
we have a situation when we have a slow down.
They were trying to lower interest rates into a good economy.
And the reason economy was good was the government can

(01:32:00):
increasing jobs, having.

Speaker 2 (01:32:02):
More hiring, more, hiring, more, hiring more.

Speaker 1 (01:32:04):
We don't need all those we're getting rid of government jobs.
We're getting more efficient and we're getting more productive. That's
what companies do. We need to run the government that way.
That means you'll have more people for the workforce to
do other things. And as we build up become more
of a manufacturing a country, we will not have to
sit around and wait for problems to arise. And then

(01:32:28):
we can't get an ie the pandemic when we couldn't
get medical supplies that we needed. All right, there will
be a deal with Canada with the word and stuff
and the still well, our friends will will make deals
because it's going to hurt them more than us. But
in the front that's going to so we're going to
do other stuff that we need. That's all. That's what's
going to happen. And the markets might get hit a

(01:32:48):
little bit mitigate risk, but I don't think they're going
to get hit that much. I think you're going to
see them probably bounce over the next six months and
then everyone's going to say why is it going down?

Speaker 4 (01:32:58):
Just makes me want to start a farm in my backyard,
grow my own you know, vegetables and have chickens because
you can't get eggs.

Speaker 1 (01:33:06):
Like you say that people are doing that now. I know, okay,
you know my wife, for instance, I had more time,
I would be I mean, salad is lettuce, this is
our tomatoes, these are things. Everything is coming up.

Speaker 4 (01:33:18):
I mean, but what's better than being self reliant at
the end of the day, and that's healthy, healthier.

Speaker 1 (01:33:24):
We're going towards that side too, right, now maybe we
will use our agriculture more in the United States instead
of sending it out so much. I don't think we
use our agriculture here. We bring it in because everybody
says I want cheap stuff. Well, you can't have it
both ways, okay, And that what's gonna happen is you're
gonna make more money in your trates are gonna come down,
You're gonna get lower, lower in taxes. And the idea

(01:33:46):
is it's not for the billionaires there are with that
many billionaires. You know how many billionaires as well? How
many less than a thousand in the country in the
United States. And the reason I know that I asked
Alexa was just sitting there one night, Alexa, how many
in twenty twenty three there was seven hundred and fifty.
I'm assuming there's more now less than a thousand.

Speaker 2 (01:34:05):
Though.

Speaker 1 (01:34:05):
Billionaires they that's all they ever talk about. The billionaires
don't care about taxes. They don't get tax they're in
real estate. Until you change the rules on real estate,
billionaires will always be able to have tax deductions.

Speaker 4 (01:34:19):
Well, look good for those billionaires, but the rest of
us just are looking at trying to plan so that
we can enjoy our retirement and take the fear factor
out of it. Yes, there is a lot of change,
and that change, to your point, it's not necessarily chaos.
It's just change, and we've got to get used to that.
But if we have a plan, then we can adjust
it accordingly.

Speaker 1 (01:34:39):
One hundred percent. High salaries, low energy prices, low inflation,
lower interest rates. Everyone benefits.

Speaker 4 (01:34:47):
I think you should be president. Sounds like a great world.
I'm excited.

Speaker 1 (01:34:50):
Well, I'm not going to be president. I am going
to go ahead and help people do navigate. Navigate what's
going on.

Speaker 4 (01:34:57):
You know, put it out there, don't say it, you're
absolutely sure. Listen, we always learn so much.

Speaker 1 (01:35:03):
One thing not old enough to be president.

Speaker 4 (01:35:08):
Enough said. One thing I love about you is how
much you educate us. Like I said, this is something
we should all learn in school, and we don't. But
the reality is is that I don't think any decisions
in life or ever made well if made with fear. Right.
Information is power, and having a plan is having that
information and.

Speaker 1 (01:35:25):
Having it done for free. I know everyone says there's
no free Linton, there isn't. We give you the plan,
we don't hide it, we don't tell you you have
to come do business with us. We don't do that.
Here it is, here's our suggestions. You decide if you
want to call it.

Speaker 4 (01:35:38):
Yeah, because you could be charging thousands of dollars or
more for all you could, but we don't.

Speaker 1 (01:35:41):
We don't. Well, that's because it's a way to give back.

Speaker 4 (01:35:44):
Yes, we get back to you for sitting here and
listening to us, and we're so grateful for you. We
hope you'll join us on the next money matters because
we surely do enjoy having you. Five two zero five
four four four nine zero nine, and we'll see you soon.

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