Money and Politics

The Place Where Money Meets Politics

Hour 2

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
Too high.

Speaker 2 (00:00):
Some pushback from our elected officials in New York on that.

Speaker 3 (00:03):
I was going to think Kathy Hochul.

Speaker 1 (00:05):
Yeah.

Speaker 4 (00:05):
I'll debate them any time of the day you want.

Speaker 5 (00:09):
She's great at killing jobs.

Speaker 6 (00:11):
She kills jobs by the thousands.

Speaker 7 (00:18):
It's the Financial Guys radio program with local financial experts
Glenn Wiggle and Mike Lomas.

Speaker 1 (00:32):
And Anne Horan in studio enjoying a Saturday with you folks.
We were joking or not joking. I say teasing, not joking,
teasing market stuff. uh spacex this week went live um
i will i will turn the market conversation over to
you too because that is not my game that is
that very much your guy's game if you want to

(00:53):
talk a little bit about.

Speaker 8 (00:53):
Yeah i was asking around earlier in the show about
like you know people make number one let's talk spacex
first so spacex opens up whether like 160 or 165
or something like that if you look in the the
quote paper um I always used to think about the
Buffalo News.

Speaker 6 (01:10):
They'd show all the stock quotes.

Speaker 8 (01:11):
And people would say, why didn't you buy me this
stock in the morning? It was up 20 points that day.
And I'll say, well, because it opened up 25 points
and you would have been down five. It's hard for
people to understand that, right? What happens is they bring
these stocks to market. And just because they're bringing it
to market at $ 135 a share doesn't mean the people

(01:32):
that own it at $ 135 a share want to sell
it for $ 135 a share. They might be interested in
160 or 170, and that's what happens, right? So I'm
not saying you don't go out and buy SpaceX. I'm
just saying that it's price relative to value. It's an
expensive stock right now, but you're buying the optimism of
what that guy could do over the next five to

(01:54):
10 years.

Speaker 9 (01:54):
You're buying future potential.

Speaker 6 (01:56):
Yeah. And I'm not saying you don't do that.

Speaker 8 (01:58):
So I know this is a sort of a wishy-washy answer,
but you buy a stock like that because you say, look,
I really believe in what the company's going to do,
and I'm going to buy it, and I'm not going
to look at it for 10 to 15 years because
it is going to be crazy volatile. That's the thing.
The earnings are not going to support the..

Speaker 9 (02:16):
It's not..

Speaker 8 (02:17):
An old-school stock that just keeps producing stuff and pays
a dividend, and it's just a different animal.

Speaker 6 (02:23):
And so you've just got to be prepared for that.

Speaker 8 (02:24):
The other thing is I think too many people go
into these stocks thinking, well, just because it's XYZ, I'm
going to automatically be a multimillionaire.

Speaker 6 (02:31):
Well, that's not typically how it works.

Speaker 9 (02:34):
Well, they hear these stories, and the guys getting rich
off of it are the ones that got paid stock
options for years before the thing went public.

Speaker 8 (02:40):
Yes.

Speaker 9 (02:40):
And then now it's trading at a premium compared to
what they– you know, we're rewarded or bought the shares at. Yeah,
that's exactly right.

Speaker 6 (02:47):
Yep.

Speaker 9 (02:47):
So, um, Just be careful. Make sure it fits into
your overall investment strategy.

Speaker 8 (02:53):
But the other side of that is markets, when you
see the Dow at $ 50, 000, and I think a lot
of people want to make changes when the Dow goes down.

Speaker 6 (03:02):
I've been doing this for a long time.

Speaker 8 (03:03):
I saw the Dow Jones Industrial Average go from $ 14, 000
to $ 6, 000. I've seen it go from $ 20, 000 to $ 15, 000.
You have too, Ron. Everybody wants to make changes at
the bottom of a market. which oftentimes is warranted. But,
and I know, you know, and I, we always encourage
people when those are the times you want to buy.

Speaker 6 (03:21):
Yeah.

Speaker 8 (03:21):
I want to get in, but the opposite is true
where the market's at a high, like, Nope, don't just
leave it.

Speaker 9 (03:25):
Just leave it. It's like, Oh, is that the right
thing to do too?

Speaker 8 (03:27):
And I think, you know, we always say putting together
a very balanced, well diversified plan and then making subtle
adjustments along the way to try to take advantage of things,
I think gives us the highest probability of being successful
over the years.

Speaker 9 (03:40):
The problem with people, of course, is always human nature, right?
So people want to make decisions based on emotion more
times than not, right? So when the market goes up,
they're feeling good. Market's up. Okay, buy more, right? But
like you said, that's often the wrong time to do
exactly that. That might be a good time to rebalance, right?
Maybe you shave off a little of your gains and

(04:01):
you put stuff into other areas that maybe didn't perform
so well. Same thing when the market's on the downside, right?
Market's down. People want to freak out naturally because that's
their human nature. But actually, the price is lower. A
lot of times things are oversold and they're actually on sale.
That's a good time to get in. And again, that's
why our team will find that's a good time to
often rebalance, right? We have a little extra cash. Maybe

(04:24):
that's a good time to go in. And that's the
importance of having not only a strategy but a team
working for you. And that's some of the things that
we're able to offer our clients.

Speaker 10 (04:33):
Yep.

Speaker 6 (04:34):
833-FINGUYS, by the way.

Speaker 8 (04:36):
We can help you at Racha, Batavia, right here in
Western New York, down in South Florida, for those of
you that go back and forth or down there permanently
listening online. And by the way, we do a lot
of Zoom meetings. We've got clients in Carolina, Tennessee, Mississippi.
I mean, you name it, we are registered in every
single state. So if you're listening online, you say, boy,
I'd like to at least interview that team.

Speaker 9 (04:58):
Not a problem.

Speaker 6 (04:59):
We can do it through some web meetings.

Speaker 1 (05:01):
833-FINGUYS.

Speaker 6 (05:03):
All right. What do we want to move to next? Anything?
Any topics? Or are you going to just pick and choose?
Keep rolling.

Speaker 1 (05:09):
All right.

Speaker 9 (05:10):
We've got a whole list.

Speaker 6 (05:10):
Anybody a World Cup fan in here? Anybody watching soccer?
A little. Yeah. I'm going to follow the USA. That
would be about it. It's exciting stuff, actually. It's funny.

Speaker 1 (05:20):
So on social media, right, everybody that lives in this country,
of course, hates this country because it's just so terrible
and racist and fascist. However, people coming over from Europe
and Asia and different places, Africa and have said, oh
my God, this country's great.

Speaker 9 (05:32):
Yeah, I'm getting a kick out of that. Watching these
foreigners come over here and be like, oh my God,
so this is what America's really like.

Speaker 1 (05:38):
You listen to our liberal media, you think it's an asshole.
The place is falling apart.

Speaker 9 (05:42):
There's guns everywhere. People driving down the street in tanks.
It's actually pretty wonderful.

Speaker 6 (05:47):
There's food in the grocery store? Oh my golly, what
is this?

Speaker 9 (05:52):
This is not Venezuela.

Speaker 8 (05:54):
Although they can't afford the tickets over here.

Speaker 1 (05:56):
It's quite amazing. And I'm saying that, you know, not
trying to be funny either. I mean, it is amazing
to see. Oh, here comes Milton back in studio. Mike
Hayflick bringing Milton live in studio here. That's good. It
is amazing to see the contrasting views to what the
media tells you as people are coming here, eating our food,

(06:18):
loving their life, going to these games, feeling to be
part of America for that short amount of time they're here.
Just very funny how it is not at all what
the media tells you.

Speaker 9 (06:30):
I think to some degree, people like myself who love
this country and would describe myself as patriotic, it makes
me feel even more so to watch that from other people,
to appreciate what we have.

Speaker 8 (06:42):
I just wonder if Not to take away anything from
USA Soccer, but if our athletes focused on soccer, how
much we could dominate that.

Speaker 9 (06:51):
Oh, absolutely.

Speaker 6 (06:52):
I mean, again, not to take away from it.

Speaker 9 (06:54):
You mean like Canada does hockey? Yeah. Although we're starting
to take over that.

Speaker 6 (06:59):
We caught up on that one.

Speaker 8 (07:00):
That's getting pretty close here now, right? Hockey is a
whole shame of Western New York, right? Our proximity to Canada...
We should be the hockey capital of the world. I
know Minnesota claims to be that.

Speaker 9 (07:13):
We kind of are, though.

Speaker 8 (07:14):
I know, but it should be. You try to find
ice time here, right? And it's so hard to do that.

Speaker 9 (07:19):
There isn't any. It just doesn't exist.

Speaker 6 (07:20):
Yeah, that goes probably all the way back to..

Speaker 8 (07:23):
Us not being able to build a better pre-spidge, you know,
50 years ago because of some bird.

Speaker 9 (07:27):
But they spent $ 20 million on a study to find
out that a bird or two might die when they
fly into the cables. But yet you can have.

Speaker 1 (07:33):
These flying Ginsu knives, right, all out on Route 28
chopping up bald eagles like it's their job and no
one cares.

Speaker 6 (07:40):
Yep, yep, yep. I will say to your point about.

Speaker 9 (07:47):
The U.S.

Speaker 6 (07:48):
And soccer, too. I mean, we have football obviously is
our biggest sport here. Right.

Speaker 1 (07:53):
And your second biggest sport is basketball. Then you have
hockey and baseball.

Speaker 9 (07:59):
It depends on what you're looking at.

Speaker 8 (08:00):
Our most popular sport for Americans is probably football, but
the most lucrative, I think, might be baseball.

Speaker 6 (08:05):
Oh, in terms of dollars that you make on a contract? Yeah, baseball.

Speaker 9 (08:08):
But not as far as kids playing and paying attention to.
Baseball's fallen off a lot, right? Football's really replaced baseball
as our national pastime.

Speaker 1 (08:15):
Yeah, yeah.

Speaker 6 (08:16):
Right, that's true.

Speaker 9 (08:17):
But worldwide, baseball's got a pretty big following, just not
here in the U.S., right? Baseball and soccer seem to
be the world's sports.

Speaker 6 (08:24):
Basketball, too.

Speaker 8 (08:25):
People go, I don't understand how these guys can sign
these contracts. Well, it's because they're selling Knicks jerseys in Japan.
They're selling baseball jerseys in Japan. They're not selling football
jerseys in Japan.

Speaker 6 (08:36):
They're not like that. So the revenues. And I will
say this.

Speaker 1 (08:40):
As someone that coaches locally at the high school level, football-wise,
we do lose a lot of good athletes to soccer
every year. And not that they're not that you're necessarily
losing them. Like they quit football to go play soccer,
but you see the talent on the soccer field. Sure.
And you know, not all of those will translate to
a football player, but guys that are fast or strong.
I mean, that's nice receiver or corner safety, right? I mean, there's, and,

(09:04):
and other sports too.

Speaker 6 (09:06):
I mean, there's volleyball.

Speaker 1 (09:07):
I mean, there's so many sports in this country that
you can play and, Right. And big sports like football
and baseball. I mean, you're losing good athletes because there's
only so many sports kids can play in the fall,
the winter and the spring. And it is good to see, though,
soccer in America is trending in the right way because
I'm not a big soccer guy, but I will tell you,
the World Cup is one of the most fun.

Speaker 6 (09:28):
Things that goes on every four years.

Speaker 8 (09:29):
The thing with soccer, if you get into watching the USA,
it's nail biting, like score, because you know, every score,
it's like, it's like hockey.

Speaker 9 (09:36):
It's like every goal matters. Yeah.

Speaker 7 (09:38):
Right.

Speaker 6 (09:38):
You know, you watch the bills now and it's like, Oh,
they're done by 14. No big deal. We can still
come back.

Speaker 11 (09:42):
Right.

Speaker 12 (09:42):
Right.

Speaker 8 (09:43):
And that's why, you know, when I watch the bills,
my attitude is always like, they're going to win, you know, like, Yeah, yeah, yeah.

Speaker 6 (09:49):
That sounds a lot like Mike Lomas on Sunday. I'm
just optimistic.

Speaker 8 (09:52):
From the minute they're up, when they're down 14, I'm like, hey,
you know what?

Speaker 6 (09:56):
Don't worry about it, Mike. They're a good comeback.

Speaker 1 (09:58):
Just don't ask them on Monday after they lose. You've
never once said they suck during a game like that once, ever.

Speaker 6 (10:04):
No, never. You're the eternal optimist, Mike Lomas. I think
this is our year. This is our year. This is it.
And the Sabres, too. Sabres, too. Speaking of our year.

Speaker 9 (10:11):
And their coaches are awesome.

Speaker 6 (10:12):
Yeah.

Speaker 9 (10:12):
Yeah.

Speaker 6 (10:13):
Yeah. Yeah.

Speaker 8 (10:15):
Well, at least we'll see if this guy can figure
out how to fall forward on third and one.

Speaker 6 (10:20):
This is speaking of this year.

Speaker 8 (10:22):
I know Rochester, again, grabbing the story out of Buffalo,
you're going through the same things. The Board of Education
approved a 3% pay raise for the superintendent's cabinet and
exempt employees. Yeah, and exempt employees. At its final meeting
of the 25-26 school year.

Speaker 9 (10:39):
See, that's what was wrong with our literacy rate. The
executives weren't getting paid enough.

Speaker 6 (10:43):
Can I ask a question, though? When you say cabinet. Yeah,
I don't know what that means. Is that like Trump's cabinet? Yeah,
I'm sure. Like a secretary of state?

Speaker 8 (10:51):
Well, I'm sure the superintendent needs a superintendent to watch
the superintendent of the superintendents.

Speaker 6 (10:55):
Just like the mayor now needed three other mayors.

Speaker 8 (10:57):
Assistant to the superintendent. My favorite is the exempt employees.
What are they exempt from?

Speaker 6 (11:01):
I don't know.

Speaker 9 (11:02):
Accountability would be my guess.

Speaker 8 (11:08):
60 million budget deficit. Increasing taxes in the city by 19%.
I don't know about you guys.

Speaker 6 (11:14):
We all manage businesses. But if things are under water...
You're not handing out rates.

Speaker 1 (11:27):
So here's the amazing part about that.

Speaker 6 (11:29):
So I'll use my business, Mike.

Speaker 1 (11:30):
You and Glenn have done this recently too. My goal
is never to reduce the compensation for my employees. However,
my goal with my business is to reduce the amount
of employees you need long term. Not what I currently have,
but as you grow, you integrate AI technology, you integrate
that stuff so you can pay the people you have.

Speaker 6 (11:48):
More but not need to bring on 100 more people. Well,
the better the company does. I mean, it's funny.

Speaker 9 (11:53):
We've integrated AI technology here.

Speaker 8 (11:57):
And we've done it in every phase of the game,
whether that's technology using AI to trade more efficiently. Yeah.
and identify opportunities for our clients or running the day-to-day
business operations.

Speaker 9 (12:09):
But you know what the funny thing is? We always
add on people.

Speaker 6 (12:12):
You still add on people?

Speaker 7 (12:12):
Yeah.

Speaker 9 (12:13):
You know why? Because you need that to grow.

Speaker 6 (12:17):
AI can only do so much.

Speaker 8 (12:19):
It's not, at least right now, we're not even close
to the phase of, oh, the AI is going to.

Speaker 9 (12:26):
Take all the jobs away. Not even close. I don't
care what industry it is.

Speaker 8 (12:31):
The hardest thing to do is find talent right now.
And it is a crazy opportunity. People that are grandfathers
would have been in tears laughing at the people whining
right now, these liberal babies about opportunities. My great-grandfather drove
a milk truck, a milk truck for a living.

Speaker 9 (12:53):
There was no welfare, no free handouts. He drove a
milk truck.

Speaker 8 (12:57):
And by the way, So driving a truck back then,
you had to pay for your own licensing. Think about
getting your CDL license. Nobody said, hey, Joe, I'm going
to pay you to go to this class to learn
how to drive a truck. I'm going to pay you

(13:18):
for all your licenses, and when you come out, I'm
going to give you a job.

Speaker 9 (13:21):
What a joke.

Speaker 8 (13:22):
My great-grandfather was literally going door to door to door
begging people to be hired.

Speaker 9 (13:26):
You know what they'd say? Hey, do you have your CDL?
I said, yeah, but you know what?

Speaker 8 (13:30):
Not long enough. You don't have enough of a track
record for us to hire you, right? Let alone pay
for his exams.

Speaker 6 (13:36):
Right.

Speaker 1 (13:37):
I guess where I was going with, with like my,
with our business here is the point is that your,
your goal is never to just like keep paying people
for no reason.

Speaker 9 (13:45):
You got to run efficiently.

Speaker 13 (13:46):
Right.

Speaker 6 (13:46):
Yeah.

Speaker 1 (13:46):
Like, like everything we do is like, how can we
improve the budget? Because at the end of the day,
that's how businesses operate.

Speaker 9 (13:53):
Other people spending other people's money for other people.

Speaker 6 (13:57):
It's amazing. Really?

Speaker 1 (13:58):
I mean, I, I couldn't imagine saying, you know, I'll
use like Alec in our office who's joining.

Speaker 6 (14:03):
Us next segment.

Speaker 1 (14:04):
Alec, how many people do you need underneath you in
your cabinet? As one of our lead salespeople, how many
people do you need underneath you.

Speaker 6 (14:12):
In your cabinet?

Speaker 9 (14:12):
How about this?

Speaker 8 (14:13):
When we find out they're useless, you find things for
them to do, so you get the money again the
following year.

Speaker 9 (14:20):
The answer for the left is always throw more money
at it. We've seen that in New York State with schooling.
That's been one of the biggest examples. Nationally, we've seen
that in schooling.

Speaker 1 (14:29):
And that was one of the reasons that Trump got
rid of the Department of Education, because it was just
a waste of money.

Speaker 6 (14:34):
So, Ron, I will go to that because we got
plenty of time to talk about it.

Speaker 1 (14:36):
So my problem is, and I'm turning into you and Glenn,
because I want my money back, Mike.

Speaker 6 (14:40):
But did we really get rid of the Department of Education?

Speaker 1 (14:43):
No.

Speaker 9 (14:43):
Because they're still there. It still exists, unfortunately.

Speaker 6 (14:46):
That's the problem. Like the FBI. Yeah, we made cuts,
but you didn't. Like you didn't cut it. If you
don't completely eliminate the cancer.

Speaker 9 (14:53):
You got to get rid of it. You got to
cut it out and start over.

Speaker 8 (14:56):
The Department of Education is an easy one, right? An
easy one because I'll tell you, oh, sorry, I'm lining up.
That was my fault.

Speaker 6 (15:02):
That's Mike's fault.

Speaker 8 (15:03):
To be fair, it wasn't a call. It was a
video that I wanted to play for next segment.

Speaker 1 (15:07):
I called my father in the last break and told
him if he ever calls me again, I'm disowning him
as my father.

Speaker 6 (15:14):
Where was my train of thought? Sorry. Department of Education
cutting it.

Speaker 8 (15:17):
Oh, the Department of Education is a no-no-brainer. A no-no-brainer.
When you talk about the FBI, I understand how that
could get a little bit muddy, right? Well, we're working
on these cases, terrorist cases, blah, blah, blah. What is
the Department of Education doing for any teacher? You just
can't find anything, right?

Speaker 9 (15:33):
And I understand.

Speaker 8 (15:34):
I know Glenn has been very adamant throughout the years about,
you've got to dismantle the FBI.

Speaker 6 (15:39):
Don't disagree with it.

Speaker 9 (15:42):
With it.

Speaker 8 (15:42):
I could see how it could be harder to do, right?

Speaker 9 (15:45):
Department of Education, I don't see. That's done tomorrow. Sure.
You are absolutely worthless. And I'll tell you why.

Speaker 8 (15:52):
Talk to any teacher, even the most liberal of liberal teachers,
and say, just give me two things that the Department
of Education has done for you in the last four
or five years.

Speaker 9 (16:01):
They can't name anything. Or how about 20 years? You've
been a teacher for 20 years. Give me one thing
that you look back and go, man, that Department of
Education was awesome.

Speaker 14 (16:08):
Right?

Speaker 6 (16:08):
Not a thing.

Speaker 9 (16:09):
No, not a thing. They provide no value. They spend
a bunch of money. There's not anything they can or
even propose that they could or should do that can't
be handled better on a local level.

Speaker 8 (16:18):
That should be defunded tomorrow. That's where the Republican Party
is useless.

Speaker 1 (16:23):
And that's where that one forget what the Department of
Education has actually done for anybody.

Speaker 10 (16:28):
Yeah.

Speaker 6 (16:30):
What haven't they done?

Speaker 1 (16:31):
And the biggest thing they haven't done is pass kids
at grade level. Right.

Speaker 6 (16:35):
That's the whole point. That to me is the worst part.

Speaker 8 (16:37):
If you look at the outcome, if we're running a business,
it's the three of us, we're constantly looking at outcomes.
If we're going to put a dollar in, we want
to make sure that $ 1. 50 comes back. Or if we
put a dollar in and we got a dollar back,
did that add value to our client?

Speaker 9 (16:52):
It does the opposite. There's a direct correlation over the
last 50 years of how much money has been spent
on education and how much worse the test scores have gotten.
It would be like us adding in some new software
for our clients. And having it lose them money. Yeah,
or they all hate it.

Speaker 8 (17:07):
And we get all these notes and say, hey, we
lost 30% because we don't like seeing our values going
online like that.

Speaker 9 (17:13):
We would make a very quick..

Speaker 6 (17:15):
Decision. Right.

Speaker 9 (17:17):
Changing that software.

Speaker 14 (17:17):
Right.

Speaker 9 (17:18):
And putting more money into it isn't the answer.

Speaker 6 (17:21):
And by the way, Mike, you'll admit this. I'll admit this.
In business, you do make mistakes. Well, you do spend money.

Speaker 9 (17:26):
You have to learn from them or whatever. Otherwise, you're
not going to be in business for a while.

Speaker 1 (17:29):
Right.

Speaker 9 (17:29):
Right.

Speaker 8 (17:30):
And there's and there's only so much money. And there
are sometimes things, we call them loss leaders, that are
like we think they're of value to our clients, but
they don't necessarily produce us money. Looking back at the software,
we just committed lots and lots of money to online
software using AI technology to try to bring our departments together.

(17:53):
Is it a winning value where we make all kinds
of money? Well, it's more so an experience for our clients.
We want them to be able to have faster access
to their portfolios. We want them to start to be
able to access the financial planning software, right? There's all
kinds of things that you can do, but you've got
only so much money. So we'll say, all right, there's

(18:15):
a dollar in the pot. Do we take 10% as
this loss leader? We think it's important to our clients.
It doesn't necessarily make us money. With the government, it's like, well.

Speaker 9 (18:24):
You know what?

Speaker 15 (18:24):
A dollar?

Speaker 6 (18:26):
We'll just get $ 2.

Speaker 9 (18:27):
Well, that's not enough.

Speaker 6 (18:29):
3. And I'll argue this, Mike, too.

Speaker 1 (18:31):
We have many different departments in this building. I'll use
myself or Medicare, right? Home and auto and Medicare departments.
The idea is not just financial guys just fund everything
and those departments don't have to hold their own. Like
at a certain point, if you're not being able to
fund your own advertising, commercials on the radio, staffing, whatever,
that department can't work. And that's what happens in government

(18:53):
where it's like, we'll create all these departments. None of
them run independently. Right.

Speaker 6 (18:57):
And then the taxpayer just has to fund the bill.
In perpetuity. In perpetuity, right. There's no end to it.
There's no end game to it. Is this a good
time to ask your department for more money? Yeah, sure.
Alec just walked in. Alec, you're fired.

Speaker 9 (19:10):
There you go.

Speaker 6 (19:11):
There's some money. No, no.

Speaker 8 (19:15):
We're going to talk about Mike's salary.

Speaker 1 (19:20):
Listen, I'm like any of the governmental people that run
the business. I will never take less, ever, just like
they don't. They will take more every year.

Speaker 6 (19:28):
But that is a problem.

Speaker 1 (19:29):
And Alec, we're talking about government waste and abuse and
spending money with no actual benefit. results to show that
it's working. And part of the biggest reason for that
is the way government is run. Government is run off
of what they call baseline budgeting. What that means is
you're allocated X amount of dollars to spend every year,
and it automatically increases at 3%. or whatever the number

(19:51):
is every year.

Speaker 9 (19:52):
If you don't spend exactly up to that budget, you
lose that extra funding. So the incentive is to spend
more money than you actually need to get more money.
If they would reverse the incentive and say, okay, if
you're head of whatever this department, if your department spends 2% less,
everybody in the department gets a bonus. I can guarantee
you they would find a way to get money. And

(20:12):
I would be.

Speaker 1 (20:13):
Fine with that, honestly, as a taxpayer, if things were
run efficiently. Because you would actually, as a taxpayer, save
money down the road by doing that. You would get
rid of people. You would be more efficient, run lean.
And sadly, that just never, ever, ever happens in any
government department. And, you know, that's what cracked me up about,
you know, years ago. Trump's like, I'm not going to

(20:35):
take a salary. And the left found a way to
get mad about that.

Speaker 6 (20:38):
No doubt. And it was only 400 grand. Don't get
me wrong.

Speaker 1 (20:40):
It's not like he was saying I'm saving you 100 billion.

Speaker 12 (20:42):
Sure.

Speaker 6 (20:42):
But who gets mad about that?

Speaker 9 (20:45):
The left does. They get mad at everything Trump does.
I'm using Alex. Literally everything he does.

Speaker 5 (20:49):
Only 400,000, by the way.

Speaker 10 (20:51):
Yeah.

Speaker 6 (20:51):
No, I know.

Speaker 1 (20:51):
I'm saying that I'm saying in what government spends 400,000
is like, you know, a nickel.

Speaker 15 (20:56):
Right.

Speaker 6 (20:56):
But but, you know, again, if Alec.

Speaker 1 (20:59):
If you came to me and said, hey, I'm going
to take a salary. we're working with this client. It
was a bad experience or this happened or that happened.
We won't, we won't, you know, get paid on this
or something.

Speaker 6 (21:06):
We've done that before.

Speaker 1 (21:07):
We've had to help clients out with certain things that as,
as a, as a person running a department, I would say,
that's great. Let's do that. They do the opposite. Like, Oh,
I had to do a little bit extra work. I
need another $ 10 million.

Speaker 6 (21:18):
It's crazy.

Speaker 8 (21:18):
The way the Buffalo teachers union, remember years ago, they
asked them to work 10 more minutes. That was, I
think it was Palladino proposed that 10 more.

Speaker 9 (21:25):
Minutes lost their collective minds over it.

Speaker 6 (21:27):
Didn't they? Crazy. Crazy. What absurd. Yeah, absurd. Ten more minutes.

Speaker 9 (21:32):
We're not getting paid extra for this. I know. We've
got to take a break.

Speaker 6 (21:35):
We've got three minutes or so. Oh, well, cool.

Speaker 8 (21:37):
I've got to learn how to do the time here.
If you need us throughout the week, folks, 833-FIN-GUYS. We've
got a number of different departments. Probably a good time
to bring in Alec here to talk a little bit
about our home.

Speaker 6 (21:48):
And auto department.

Speaker 8 (21:50):
You know, give us 14 minutes. Let us shop over
25 companies to save you money when it comes to
your home and auto insurance. You got some good stories
for us or maybe we start off there on saving
people money or where do.

Speaker 6 (22:03):
You want to go?

Speaker 14 (22:04):
Yeah, it's been a fairly successful few weeks here.

Speaker 5 (22:07):
Now, I'll lead off with before I go into these numbers.

Speaker 14 (22:10):
It's not every time we see these, but I got
five cases here I'll run through.

Speaker 5 (22:15):
Auto home umbrella and a landlord policy. Collective savings over
all four of those, $ 5, 569.

Speaker 7 (22:19):
5, 569? $ 5, 569.

Speaker 1 (22:19):
Wow.

Speaker 14 (22:19):
So they had an investment property.

Speaker 6 (22:27):
Yes. And then a house and home. Yeah.

Speaker 5 (22:30):
And the umbrella.

Speaker 6 (22:31):
And we, we did a bunch of corrections. It was
just outdated.

Speaker 5 (22:33):
Haven't shopped it in like 20 years.

Speaker 8 (22:35):
And let me guess more coverage to, or at least
the same heck of a lot more.

Speaker 6 (22:39):
Really? Yes.

Speaker 1 (22:39):
I remember when I was cool, 500 bucks a year.
I remember I would talk like 2,200. I thought I
was a hero.

Speaker 6 (22:45):
Yeah. 55 a week.

Speaker 1 (22:46):
How does that even happen with somebody to sleep at
the wheel at their company or something?

Speaker 14 (22:50):
It's easy to do. I think it's, it's comfort. You know,
you get, you get comfortable, you get rooted in, you
haven't looked at it in a while.

Speaker 1 (22:55):
It's, here's the problem too when you look and I'm
sure you've seen this you see this all the time
people know their rates are going to go up because
that happens every year no matter what right so you
think oh it's 3% oh it's 5% that's standard cost
of living whatever and before you know it it's 15
years and then all of a sudden it's like A hundred.

Speaker 6 (23:12):
And fifty percent. It's increased.

Speaker 8 (23:13):
A funny story. We first started the agency. Of course,
the first two clients were Mike and Glenn.

Speaker 6 (23:17):
Right.

Speaker 8 (23:18):
And so Mike does a spread that does an overall
analysis of Glenn's. And he goes, I got good news.
I got bad for you.

Speaker 6 (23:24):
News for you. Glenn's like, well, what's the good news?

Speaker 8 (23:26):
He goes, good news is I can save you 25
percent on everything you're doing. He goes, well, what's the
bad news? Because bad news is we're staying with the
same company, and you could have done this years ago.

Speaker 6 (23:35):
And he's like, oh, man.

Speaker 8 (23:37):
But he never– I guess you put him back in
the system as like a new. What if you signed
up as a new? Because Glenn didn't have any knocks
on his license.

Speaker 6 (23:45):
Let's say that because we can talk about that.

Speaker 1 (23:46):
That's a good talking point that you can reshop with
the same– I mean all of our companies do that
where we can rewrite policies with the same carrier.

Speaker 11 (23:53):
Yeah.

Speaker 9 (23:53):
But you have to do a rewrite. Of course, Glenn.
He's like, I don't even know if I want to
stay with him now.

Speaker 6 (23:59):
I'm like, well, Glenn, it's that or you pay more.

Speaker 9 (24:00):
You're staying and you're getting a discount, whether you like
it or not.

Speaker 1 (24:03):
So save that because we'll talk a few more of
those on the other side of the break. If you
need us throughout the week, you think like us, 833-FINN, guys.
Check us out, financialguys.com. Financialguys.com slash events for all upcoming events.
As Ann said earlier in the show, we are off
for the summer with seminars, but they will be back
in the fall. And if you want to download the
Financial Guys app, you should on your favorite Android, cell phone, tablet, iPad,

(24:24):
whatever it is, the Financial Guys podcast each and every
week and this radio show on Saturdays. We'll be right
back here on the Financial Guys Media Network.

Speaker 13 (24:40):
From the OAM 1180 newsroom, I'm Anthony Panazowicz. Police are
still looking for a boater who fell off a capsized
vessel in Wyoming County last night. Police say it happened
just before 7 o'clock on Java Lake and that they
rescued one of the boaters already involved. Residents are asked
to avoid the area as they continue to search the lake.
Some homes and businesses are still in the dark as

(25:00):
RG & E says it is expected to reconnect everybody
by midnight tonight. Outages dropped on Friday from tens of
thousands to about 7,000 yesterday afternoon. There's only about 200
outages right now. Over 700 crews were sent out by
the utility company throughout the Finger Lakes and central New
York regions Friday alone. And a Canandaigua woman convicted of

(25:22):
stealing about $ 75, 000 from her employer is looking at about
a decade in prison. Monique Barrett-Lewis was sentenced to between
7.5 to 15 years for using her work's credit cards
and accruing that tab between October of 2023 and April
of 2024. Your 13 WAM Weather Authority forecast today, a
mix of sun and clouds, still breezy though, 73 for

(25:42):
your high. I'm Anthony Panazowicz, NewsRadio WAM 1180, next news
in 30 minutes, breaking news when it happens. Anytime on NewsRadio,
WAM 1180.

Speaker 8 (25:50):
Think of the Financial Guys as the hub for your
financial life. Financial plans, retirement income, Medicare, insurance, social security strategies,
and estate planning. Instead of juggling multiple offices, you have
one trusted team with a variety of specialties working together
under one roof. Because when every piece of your financial
plan works together, you're better prepared for the unexpected. Call

(26:12):
the Financial Guys, a one-stop financial shop. 833-FIN-GUYS. Securities offered
through Peak Brokerage Services, LLC. Member FINRA SIPC.

Speaker 3 (26:20):
Now more than ever, it's important to hear from people
whose common sense and conservative values drive their actions. On
the Financial Guys podcast, where money meets politics, we're tearing
apart bad policy and breaking down what's really going on
in politics and money. Join your fellow patriots as we
talk about defending our freedoms and constitutional rights by helping

(26:40):
you make sense of today's financial and political landscape. The
Financial Guys podcast, the place where money meets politics. Streaming
now on all major platforms.

Speaker 16 (26:50):
Retiring soon? Your Social Security claiming decision is one of
the most important financial choices you'll ever make. Get it wrong,
and it could cost you thousands of dollars. Best-selling authors
Russ Geiser and Mike Hayflick wrote Beyond Breakeven to help
retirees make smart choices. Meet with them today at The
Financial Guys for a complimentary retirement stress test.

Speaker 5 (27:09):
Don't leave retirement to chance.

Speaker 16 (27:11):
Call The Financial Guys today at 833-THINGUYS and take control
of your future.

Speaker 17 (27:16):
Securities offered through Peak Brokerage Services, LLC. Member FINRA SIPC.
250 years ago, America declared independence. And with the Erie Canal,
Buffalo boomed into an economic powerhouse. Today, Democrat mayors admit
the city's falling apart.

Speaker 6 (27:31):
Why do we need to raise taxes?

Speaker 9 (27:32):
Because our city is broke and it's literally falling apart.

Speaker 8 (27:36):
About half of our garbage trucks don't work, potholed streets,
community centers are falling apart.

Speaker 9 (27:41):
And their solution? Raising your taxes and taking more of
your hard-earned money.

Speaker 7 (27:45):
More where this came from on the Financial Guys podcast,
streaming on all platforms.

Speaker 18 (27:50):
Turning 65, retiring soon, or already on Medicare? Navigating your
Medicare options can feel overwhelming, but it doesn't have to be.
Get our free Medicare information guide and learn about your
coverage choices, enrollment timelines, and how to avoid costly mistakes.
It's simple, clear, and designed to help you make confident
decisions about your health care. Call 866-TFG-METI or visit thefinancialguys.com

(28:12):
to request your free Medicare guide today.

Speaker 6 (28:14):
That's 866-TFG-METI.

Speaker 5 (28:16):
And remember, it's.

Speaker 4 (28:17):
Medicare made easy with the Financial Guys.

Speaker 8 (28:21):
Very few financial planners truly understand how to optimize your
Social Security. Fewer are actually certified in Social Security to
help you make the right decision.

Speaker 9 (28:31):
You get one chance, folks. Spend a few minutes.

Speaker 8 (28:34):
Pop into our office, our Rochester office, and learn how
to optimize your Social Security.

Speaker 9 (28:39):
585-351-6258 or thefinancialguys.com.

Speaker 17 (28:45):
Security is offered through Pete Borkman Services, LLC. Member FINRA SIPC.

Speaker 6 (28:48):
Right on the money.

Speaker 12 (28:50):
Russ Geiser and Mike Hayflick have helped thousands of people
with one of the most consequential financial decisions of retirement,
when to claim Social Security. They've put their knowledge and
experience into their best-selling book, Beyond Breakeven, with real client
stories and clear examples. It's a must-read for anyone aged
55 and older who wants to optimize benefits, avoid costly mistakes,
and create a retirement strategy that truly works. Get your

(29:11):
complimentary audio book and e-book right now at beyondbreakeven.com.

Speaker 17 (29:15):
Securities offered through Peak Brokerage Services, LLC. Member FINRA SIPC.

Speaker 15 (29:20):
Tired of juggling multiple appointments for your financial and insurance needs?
At the Financial Guys One-Stop Shop, we know your time
is valuable. That's why our unique model brings together financial planning,
property and casualty insurance, and health insurance solutions all under
one roof. Simplify your schedule and work with a team
you can trust. Call the Financial Guys today at 833-FIN-GUYS.

Speaker 17 (29:45):
Securities offered through Peak Brokerage Services, LLC. Member FINRA SIPC.

Speaker 6 (29:49):
Right on the money.

Speaker 5 (30:13):
You're listening to the Financial Guys Radio Show.

Speaker 9 (30:24):
News Radio, WHAM 1180.

Speaker 6 (30:25):
All righty, welcome back.

Speaker 1 (30:26):
Financial Guys Radio Show and the Financial Guys Media Network.
Mike Sparazza, Mike Lomas, Ron Waskow, Ann Horan in studio.
Also still joining us, Alec Toth from the Home and
Auto Department. Alec, before we went to break, you told
a story of not $ 1, 000 of savings, not $ 3, 000 of savings,
but over $ 5, 000 of savings. For people out there, look,

(30:47):
to Alec's point, it's not for everybody. Some people's insurance
premiums aren't even close to $ 5, 000. This happened to be
saving somebody $ 5, 000, but you put it in perspective with percentages.
I mean, if you're paying 3000 a week and save
you 300, it's 10%, right? I mean, that's a lot
of money when you break that down over the course
of 10 years. I think that's one thing that I've
learned with running this department. And Alec, you've seen now

(31:10):
being in the sales department for three, four years now,
when you add up all those savings over the course
of the four years, you've been doing this. It's, Hundreds
of thousands of dollars you've saved people over time, which
is crazy to think about.

Speaker 3 (31:24):
Yeah.

Speaker 14 (31:24):
And I would say most of the time, it's not
just saving money. It's maintaining or bettering coverage. And I
would straight to say it's mostly increasing coverages.

Speaker 6 (31:36):
And I'll say this. It doesn't matter what you buy.
If you could go get..

Speaker 1 (31:40):
A 70 inch TV for the same price that you
could buy a 42 inch TV. As long as it
fits on the wall, you're probably going to take the
70 inch TV, right? Get the most bang for your
buck autos cars. If you go buy, if you can
get the souped up version, I know you're a truck,
try a pickup guy. If you get the best version
of a pickup truck for the same price as the
smaller version of that same.

Speaker 6 (32:01):
Pickup truck, what are you taking?

Speaker 5 (32:02):
Doing that all day long.

Speaker 6 (32:03):
All day long.

Speaker 11 (32:03):
Right.

Speaker 1 (32:04):
It's anything you can buy in this world. And that's
where I think, and you know, again, for you, you
see this all the time, you got more though. I'm
looking at a sheet with five people on it.

Speaker 6 (32:10):
What else you got? Yeah. Yeah.

Speaker 14 (32:12):
Few, few, not as good as that one. That was
the big heavy hitter, but these, these sure aren't shy.
Any of these savings, um, my own cousin, $ 1, 279. That's
on an auto and a renters.

Speaker 5 (32:22):
That was a good one for those other that don't.

Speaker 6 (32:23):
Know renters policies generally about $ 200 a year.

Speaker 5 (32:25):
If that, so, so for finding that savings, it was a,
it was a big one.

Speaker 8 (32:29):
Yeah.

Speaker 14 (32:29):
Um, We rode an auto, added a classic car because
it's a high-value vehicle. It did not hit the 25-year mark.
We just needed the guaranteed value. It was a nice vehicle.

Speaker 5 (32:38):
Saved him $ 1, 926.

Speaker 11 (32:39):
Nice.

Speaker 5 (32:39):
There's another auto at home, $ 1, 135. 33 if you need it.
Then just a standalone auto, we saved him $ 589 for
the year.

Speaker 6 (32:52):
So I'm doing ballpark math, Ron. You're smarter than me.

Speaker 1 (32:55):
That's over $ 10, 000, I think, though, between all those accounts
of savings.

Speaker 9 (32:58):
It's darn close, if not.

Speaker 6 (33:00):
Yeah, right. So that is a big... And to what
we were talking about before, Alec, before we let you go..

Speaker 9 (33:04):
That's real.

Speaker 6 (33:06):
Money, too. That's real money. And look, right now..

Speaker 1 (33:10):
I know we're all hoping that this war in Iran
is over and gas prices come down, but Alec, we've
seen it with clients. I'm me on the service side,
you on the sales side. People are annoyed right now.
People are trying to save money anywhere they can go.

Speaker 9 (33:22):
Yeah, inflation's real.

Speaker 1 (33:24):
It is real, right? And this type of stuff, if
you can save that, people feel a little bit more comfortable.
All right, I can fill my gas tank a few
more times. All right, my electric bill can be paid
a couple more times. It's real money, but it's not
even just moving companies. That's what I want you to
touch on, Alec. You can do this with the same company.
You don't have to necessarily move from New York Central
to Travelers or Travelers or Progressive. You can stay within

(33:46):
the same company and get these savings. I'm sure a
couple of those are that way.

Speaker 5 (33:49):
Two of those were.

Speaker 14 (33:50):
We're just rewriting the policy. They come out with different
products in the background, and sometimes you get re-tiered, and
it's just savings. It's an interesting mix right now with
the market. The people that have been, I would say,
the people that are listening that have been with their
carrier for a very long time, come have a conversation.
That's where I'm finding the savings right now. It's not
for everybody. There's a lot of conversation where I'm saying, hey,

(34:11):
you got to stay put. But at least there's a
little bit of peace of mind and knowing that at
least your rates are better than what I can beat
with a new business. But if you've been there for
a minute, come on, let's have a conversation.

Speaker 1 (34:23):
And I'll say this. Look, we are very honest and open.
If we think, hey, you can save $ 110 over here.
Probably not worth it to go through re-underwriting on your
home or your autos.

Speaker 6 (34:36):
Inspections and stuff. We won't do that.

Speaker 1 (34:38):
But if there's savings to be had or coverage to
be had, we will be upfront and honest with you.
And then it's your decision. That's one thing I will
say about what we don't do is call you a
thousand times and try and sell you something. If there's
something that can be had and that works..

Speaker 6 (34:52):
Great.

Speaker 1 (34:52):
Ron, you were in this business before, you know, you know, it's,
there are so many things that the outside public does
not know about.

Speaker 6 (34:59):
And it's same thing with Medicare, right?

Speaker 1 (35:01):
Find somebody that's an advisor for you that can give
you advice like Alec or Maddie in my office, because
they will just shoot it straight for you.

Speaker 6 (35:07):
If you like it, great. If you don't, well, we'll
part as friends and maybe we'll talk to you next year.

Speaker 5 (35:12):
Exactly right.

Speaker 6 (35:13):
Anything like final thoughts for you?

Speaker 14 (35:14):
I'd say a few weeks ago we had a lady
that I saved what you just described.

Speaker 5 (35:18):
Couldn't help her.

Speaker 14 (35:19):
Gave her some tips. Said, hey, I'll talk to you
in 12 months. Came back two weeks later and said,
thank you for that tip. That policy was canceled.

Speaker 5 (35:25):
I had no idea.

Speaker 14 (35:26):
Bills were getting sent to a different house. So she scrambled,
got that policy reinsured. And yeah, That's just the way
we operate. I would rather talk to you in six,
12 months and you know that we're going to do
right by you.

Speaker 9 (35:37):
And I think something that gets missed sometimes by a
lot of people is basically what we do is both
on the financial and the property casualty side is we're
in the relationship building business, right? Our main goal is
to provide a value for our clients, right? And we
might not be able to do it on one day,
but if we just do the right thing to the client,
we're honest with them, maybe down the road, you know,
they're able to come in and, you know, we can

(35:58):
get a sale off of that or maybe they send
their cousin or something over.

Speaker 1 (36:01):
So, you know, we're always going to shoot straight. We're
always going to give you the, you know, the truth
and the real deal.

Speaker 9 (36:08):
We just treat people the way we want to be treated.
We hope that comes around.

Speaker 1 (36:10):
And I'll use a funny like dating example. We are
in a relationship with our client, not the companies, which
is a big deal, right? Because there's a lot of
companies out there where you're, in our position, you're in
a relationship with the company and your clients have to
go there no matter what.

Speaker 9 (36:23):
And that's the benefit of being independent, right? Like we
are both on the financial and on the insurance side.

Speaker 6 (36:28):
To what he just said, I'll use this and then
we'll let you go. I promise this time.

Speaker 1 (36:31):
You had a client that wanted to put a car
here to get agreed value. Well, if we weren't independent,
we'd have to put them all on one policy and
not do that.

Speaker 6 (36:38):
You were able to split that up and mix it
up because.

Speaker 1 (36:40):
We are independent. We can put business wherever we want
and we can do right by you, the client. So
if you need us, Alec and Maddie in my department,
two great, great clients. You know, representatives that will find
the best thing for you.

Speaker 6 (36:51):
833-FIN-GUYS. Should we plug our whole team, Taylor? You want
to do that? You plug it.

Speaker 5 (36:55):
We got Taylor. We got Melissa joining us. We got Sarah.

Speaker 18 (36:58):
You.

Speaker 5 (36:59):
We're rocking and rolling here.

Speaker 1 (37:00):
You might get me on the phone with servicing these days,
so you'll get me. That's always a good thing.

Speaker 5 (37:04):
And Taylor.

Speaker 9 (37:05):
Even more so now with these policies I just wrote.

Speaker 13 (37:07):
I know.

Speaker 6 (37:08):
I know.

Speaker 1 (37:09):
They can't tell me anything now that he saved him $ 5, 500.

Speaker 6 (37:12):
But we got a great team.

Speaker 1 (37:14):
Taylor and Melissa are newer members of our team doing
an awesome job, and we are very, very lucky to
have them. And our team, we have a lot of
fun together, and we love doing what we do.

Speaker 6 (37:24):
So if you need us, 833-FINN, guys. Any comments? Sports comments? Soccer? Football?
nothing you got nothing for you got nothing all right
no all right well okay.

Speaker 1 (37:36):
Well that's it that's all i got all right uh
alec thanks for joining us appreciate it do you want
to cut now and you want to keep going for
three minutes longer last segment all right we're going to
go to a quick break we got one more segment
to go here on the financial guys media network stay
with us we'll be right back NewsRadio.

Speaker 6 (37:51):
Wham!

Speaker 9 (37:51):
1180.

Speaker 5 (37:53):
They brought you TFG Academy for Kids.

Speaker 17 (37:55):
TFG Academy for Kids.

Speaker 6 (37:57):
What's the best country ever?

Speaker 9 (37:58):
America!

Speaker 4 (38:00):
The financial guys are now pleased to announce our new
daycare and quality leering center. Drop your toddler off for
a day of leering at the TFG flagship office. From
building blocks to balanced budgets, your little one will leave
ready to debate the Federal Reserve's Spaces are limited because
we only trust a select few with our economy's future.

(38:22):
Brian Ferracci here from The Financial Guys.

Speaker 18 (38:24):
If you're turning 65 or planning to retire soon, you
need to know the seven biggest mistakes people make with Medicare.
Mistakes that can lead to costly penalties, coverage gaps, and
higher out-of-pocket costs. That's why we created our free guide,
The Seven Biggest Mistakes to Medicare.

Speaker 5 (38:39):
To get your free copy, call.

Speaker 18 (38:41):
866-TFG-METI or visit thefinancialguys.com. That's 866-TFG-METI or thefinancialguys.com.

Speaker 4 (38:49):
Remember, it's Medicare made easy with The Financial Guys.

Speaker 19 (38:52):
Protecting your home and vehicle should not be complicated. The
Financial Guys are your reliable partner for home and auto insurance.
We take the time to understand your unique needs and
find the perfect coverage for you. Our team of experienced
agents is dedicated to providing you with the best service
at the best rates. We believe in transparency and integrity,
ensuring you get the coverage you need without any hidden surprises.

(39:12):
Join the thousands who have already trusted the Financial Guys
and get your free complimentary review today. Call us today
at 855-TFG-AUTO or visit tfghomeandauto.com.

Speaker 6 (39:22):
It's the Financial Guys trifecta.

Speaker 11 (39:24):
Financial planners, home and auto insurance advisors, and benefit representatives
all in your corner. Our team of professionals are here
to guide you towards the future you deserve in all
areas of life. Questions about your 401k, liability insurance, employee benefits?

Speaker 9 (39:40):
We have your back.

Speaker 15 (39:41):
833-FIN-GUYS.

Speaker 11 (39:41):
The Financial Guys.

Speaker 9 (39:44):
Your trusted advisors. The Financial Guys.

Speaker 17 (39:49):
Securities offered through Peak Brokerage Services, LLC. Member FINRA SIPC.

Speaker 9 (39:53):
News Radio. Wham!

Speaker 10 (39:54):
1180.

Speaker 9 (39:54):
We are.

Speaker 12 (40:08):
Literally creating a place that we know who's coming and
going in and out of our neighborhoods.

Speaker 9 (40:14):
Isn't it ironic? You're listening to the Financial Guys Radio Show.

Speaker 6 (40:24):
Mike Sparazza, Mike Lomas. I almost did it again. Not
Glenn Wiggle. Ron Waskow. I'm staring at him. I can't
get it right.

Speaker 1 (40:33):
Joining us today, Anne Horan in studio as well. I'm
seeing a video here as I'm scrolling Twitter of the
Obamas looking just so happy.

Speaker 8 (40:40):
Probably if you're not confusing me with Ann or Ron
with Ann.

Speaker 9 (40:44):
Well, Mike, it's official here.

Speaker 1 (40:46):
It is Pride Month, Mike, and you never know.

Speaker 6 (40:48):
Ann could be you, and you could be Ann. There's
no way to tell. Just dating Sunday. Am I saying
that right?

Speaker 9 (40:53):
Non-just dating.

Speaker 6 (40:54):
Non-just dating. Non-just dating Sunday. Yeah, non-just dating Sunday. That's
what we will be celebrating. Happy non-just dating day.

Speaker 1 (41:00):
To all of you that celebrate, and for all you
actual men, Happy Father's Day because that's what we do
here at the Financial Guys.

Speaker 8 (41:07):
I've got nipples and you can't milk me.

Speaker 6 (41:09):
Right here, Mike. I have nipples, Greg. Could you milk me?

Speaker 9 (41:13):
He now thinks that he is eligible to be milked.

Speaker 6 (41:16):
Yes, yes, yes. He did a complete turnaround, that guy there.

Speaker 8 (41:21):
I don't know where he was before, but he has
definitely got Trump derangement syndrome. If they came out with
a vaccine for it, he should be first in line.
That's one vaccine that I would say You should sign
up for it. The stuff that was coming out of
his mouth.

Speaker 9 (41:37):
He's going to put us all in jail. I just
don't think he's that bright.

Speaker 6 (41:42):
No, he's not.

Speaker 8 (41:43):
That's the misconception, is that because these people are on TV,
that they're somehow elevated above and beyond. I'm not the
guy to say, because you're on TV, you shouldn't be
able to talk out. But you're a very low IQ dude.
I mean, when you're talking about Trump saying, look, we
want to reduce taxes and protect the borders.

Speaker 6 (42:03):
And the answer to that is he's putting American citizens
in jail. You're a moron. You're just an idiot.

Speaker 1 (42:09):
I was just reading this. Defiant L's is a great
Twitter account. And CNN did a whole segment on the
reflecting pool there or whatever, the reflecting water thing.

Speaker 6 (42:17):
And they took it out. They're like, see, it's dirty.

Speaker 1 (42:20):
And Defiant L said they've spent more time on this
pool thing than they have the billions of dollars of
fraud across the country.

Speaker 6 (42:27):
It's amazing.

Speaker 8 (42:28):
And never, by the way, Not a penny of time,
not an ounce of time when Obama spent thirty five
million dollars or something like that.

Speaker 6 (42:36):
And the thing ended up as a disgusting cesspool again. Right.

Speaker 8 (42:39):
Like Trump comes in for one sixteenth the cost decades.

Speaker 9 (42:43):
Later and he figures it all out.

Speaker 7 (42:45):
Right.

Speaker 9 (42:46):
They should just change the name of CNN to TDS
at this point.

Speaker 7 (42:50):
Yeah.

Speaker 6 (42:50):
No, really. I mean, it's unbelievable. And then you look
at all the things that they focus on. So that's
one of them.

Speaker 1 (42:55):
There's been no talk of the presidential library that hasn't
been completed yet, has it?

Speaker 9 (42:59):
It's finally going to open up this weekend. But it's like,
what is it, $ 600 million over budget or $ 472 million?
Is that the Obama library?

Speaker 1 (43:09):
Yeah.

Speaker 9 (43:09):
And half the contractors haven't gotten paid.

Speaker 6 (43:11):
Yeah.

Speaker 9 (43:12):
They're not even done paying.

Speaker 6 (43:14):
That sounds about right.

Speaker 9 (43:15):
And the thing is, too, Obama made sure that only
black contractors were hired for it. So he's stiffing a
bunch of black business owners.

Speaker 6 (43:23):
Oh, there you go. Isn't that great? And that, by
the way, broke ground in 2012 or something ridiculous. Yeah.
And have you seen it?

Speaker 9 (43:28):
It's a monstrosity. It looks like one of the German
flak towers from World War II. It's disgusting.

Speaker 6 (43:33):
No, I have not seen it.

Speaker 8 (43:34):
Al Gore, by the way, if you missed that tour,
saying how right his book was. The Antarctic ice sheet
is now finding almost record ice levels in some areas.

Speaker 6 (43:43):
So he couldn't be farther off.

Speaker 8 (43:47):
It would seriously be like me managing money 30 years
ago and saying, you know what? I think you should
stay away from the stock market because it's at 10,000 now.
And it's absolutely going to be at 1,000.

Speaker 9 (44:00):
25 years from now.

Speaker 6 (44:03):
That's a great comparison.

Speaker 9 (44:04):
And then it's at 50. And he's like, hey, look,
I was right. See how right I was? The problem
is he's still making a ton of money being wrong.
People are still listening to his garbage, right?

Speaker 1 (44:14):
Morons.

Speaker 9 (44:15):
The difference is, Mike, if that actually happened with you,
nobody would listen to you. Nobody would take you serious.
You'd be broke in a cardboard box somewhere.

Speaker 1 (44:23):
But people keep paying this idiot money to speak at places.

Speaker 9 (44:26):
Right, right.

Speaker 6 (44:27):
For what?

Speaker 10 (44:27):
Yeah.

Speaker 7 (44:28):
Right.

Speaker 6 (44:29):
I was 99% off. Right. Well, let me tell you something.
You're still going to die.

Speaker 13 (44:35):
Yeah.

Speaker 6 (44:35):
I mean, I'm just glad Florida's not underwater.

Speaker 9 (44:37):
Just give me more money and you won't die, right?
Isn't that the key? Follow the banks.

Speaker 6 (44:41):
Follow the banks. They have their own money in it.
They're doing the research.

Speaker 8 (44:44):
They wouldn't be handing out condo loans on waterfront property.

Speaker 1 (44:50):
That's the biggest thing. So Al's best friends... all-owned waterfront property.

Speaker 9 (44:56):
I'm sure he does, too.

Speaker 6 (44:57):
He probably does, too.

Speaker 1 (44:59):
Yet we were told that waterfront property wouldn't exist.

Speaker 8 (45:02):
Since his book came out, deaths from climate disasters actually
fell by 95%.

Speaker 6 (45:08):
Is that like a hurricane, though, a climate disaster? Sure.
But that's not what's crazy, though.

Speaker 8 (45:15):
What his book was, though, was that all that was
going to get to the point where it was undefendable.

Speaker 9 (45:21):
Water levels are rising.

Speaker 8 (45:23):
The heat from this CO2 is going to cause massive
amounts of hurricanes that are just going to continue to bombard.

Speaker 6 (45:31):
Every day, you're not going to be able to handle it.

Speaker 9 (45:32):
People are going to die.

Speaker 8 (45:33):
They're going to drown. The hurricanes are going to get
more powerful. They're going to move inland more because at
that point, Miami would be underwater. So the hurricane's not
hitting Miami anymore. It's going right up. I mean, all
this stuff was so ridiculous. And it's our fault because
we drive trucks. Right, right, right, right. And then a
scientist comes out and says, do you know that cow's

(45:55):
gas is way.

Speaker 6 (45:56):
Way more harmful than anything? Like, what do you do?

Speaker 9 (45:58):
Get rid of the cows?

Speaker 6 (46:00):
They're trying.

Speaker 9 (46:01):
Eat some bugs.

Speaker 1 (46:02):
They're trying to replace beef with whatever.

Speaker 8 (46:05):
My favorite is they talk about putting bags on the
cows to catch the gas.

Speaker 6 (46:09):
They're like, oh, my gosh.

Speaker 8 (46:11):
Holy cow.

Speaker 1 (46:11):
Well, Mike, it partly is your fault. You have a
couple of race cars and you, you drive too much.
So that's, we gotta, we gotta curve you down. But
it's so funny.

Speaker 8 (46:19):
I mean, when you talk about where they thought, have
you read and listened to him back then? It was
people are going to die. We have to do something
right away. And the, the, I mean, you're not even
talking about stability. You're not even saying, hey, the same
amount of people.

Speaker 1 (46:34):
Less.

Speaker 6 (46:34):
You know why?

Speaker 8 (46:35):
Because we're smart. We build better infrastructure. We've got better
equipment now. Hey, the hurricane's coming in. Take your family inland.

Speaker 9 (46:42):
So all that stuff is all good. It's all good.

Speaker 8 (46:46):
His book was so far ridiculously off. It's not even,
I'd argue.

Speaker 1 (46:51):
Florida's coasts have grown with businesses and homes. And like,
I can't, I can't, and I'll let you finish that.

Speaker 6 (46:58):
Right.

Speaker 1 (47:00):
It has.

Speaker 8 (47:00):
Right.

Speaker 1 (47:00):
Well, what kills me though, about, about this stuff is,
It's the easiest thing to just be like, okay, it's
a total load of baloney when they're like, hey, oh
my god, did you see that hurricane? It's the worst
it's ever been. But then if you did any research,
you're like, yeah, there was a massive hurricane in 1910
that killed 100 people. The thing is they know they're
full of it. Why can't they prove this? We did

(47:21):
with them all buying oceanfront property. The other thing is what–
What cleans up CO2 in the atmosphere?

Speaker 9 (47:28):
Trees, right? So what are they doing? They're bulldozing all
these forests to put in solar farms in upstate New
York that gets like 89 sunny days a year. It's
a money grab. They're so full of crap.

Speaker 8 (47:40):
I have said this a million times around. They believed
in their own garbage. We can all agree, let's plant
some trees. I'm all for that. I think they look beautiful.
They're good for the environment. Al Gore has made hundreds
of millions of dollars and has not.

Speaker 6 (47:53):
Planted one tree. How do we get that?

Speaker 9 (47:55):
Bill Gates is on.

Speaker 6 (47:56):
Record saying, I'm not a big fan of trees.

Speaker 9 (47:59):
You're taking..

Speaker 8 (48:01):
Billions of people's dollars and this charity stuff to save
the world and you don't believe in truth. Oh, by
the way, guys, mysterious cold blob in the Atlantic is
a sign of weakening ocean currents and could lead to
cooler climates in our future, the scientists are now saying.

Speaker 9 (48:18):
That's your race car, actually, that's making that, Mike.

Speaker 6 (48:21):
That's not colder? Yeah. Well, I'm running it on alcohol now. See,
alcohol's cold. I don't know if you know that, but
you can.

Speaker 8 (48:26):
Actually touch the manifold and I A 1,000-horsepower race car,
you can actually touch the top of the engine because
the alcohol is so cold.

Speaker 9 (48:34):
That's pretty cool. See, that's what's cool in our atmosphere.
You've got to knock it off. You're welcome, liberals. You're welcome.

Speaker 10 (48:41):
Oh, very nice.

Speaker 9 (48:41):
Saving lives every day. Saving lives every day. I like it, Ed.

Speaker 6 (48:45):
That's the third time you said that about me. I
love it. Can I ask a question, though?

Speaker 1 (48:49):
How do I get so lucky to get a get-rich-quick
scheme of just making something up with total fallacies?

Speaker 9 (48:56):
Well, it's not for nothing.

Speaker 8 (49:01):
That is what I mean by that because we all–
I know where you're going with this about being a politician.
Not easy being a politician, right? So you got to
run for office. It's not like they just wake up
to it. But once you get in, the rewards are
well worth the effort.

Speaker 6 (49:17):
But isn't there something I could just make up?

Speaker 11 (49:19):
Sure.

Speaker 9 (49:20):
Climate change.

Speaker 6 (49:20):
Yes.

Speaker 9 (49:21):
Like man-made climate change.

Speaker 8 (49:23):
The answer is yes, Mike, but you've got to run
for office first. Al Gore just didn't make it up.
Nobody would have listened to Al if Al wasn't the
vice president. So you need to run for an office.
And then, you know, you can get insider trading deals.
But it's not easy running for office. You know, you've
got to be prepared for all that stuff.

Speaker 9 (49:43):
I always said, remarkable.

Speaker 8 (49:45):
I mean, I think like Nancy Pelosi, scumbag, you know,
all the Kathy Hochul, dummy, idiot. I'll tell you what,
not easy running a campaign. And, you know, you're constantly
being attacked. So I give them credit. Not like a, hey,
great job credit, but I see a Hillary Clinton and
I'm like, man, she just flew in here, lied to

(50:06):
all the UAW workers, and then flew back out.

Speaker 9 (50:11):
That takes some stones. Wow. Not my cup of tea.
Not the way I'd want to live life, but wow.
You've got to have a really high... opinion of oneself
to not let the criticism get to you, I guess.

Speaker 8 (50:27):
Once you get to that level, though, especially if you're
a liberal, let the Republicans make some money out of it, too.
They're just not even close. They're like the JV team.
I would say they're like the modified team. All good,
cool to watch, but not.

Speaker 9 (50:40):
The varsity team.

Speaker 8 (50:41):
Not the varsity team. They're in the Billionaires Club. That's
where the Obamas are going. That's where the Pelosi's are going.
They're going to the Billionaires Club.

Speaker 1 (50:49):
Gavin thought he was going there, but he might be
going somewhere else if this investigation gets closer to him.

Speaker 9 (50:53):
I don't know about that.

Speaker 6 (50:54):
We'll see. I think Gavin's in a pretty good... If
he was a stock, I would probably buy him.

Speaker 9 (51:00):
I don't know. Did you see his press conference that
came out earlier in the week? If he wasn't nervous,
he wouldn't have done that.

Speaker 1 (51:06):
I agree, but also Fauci did the same thing. If
Fauci was a stock, I'd be buying him. I'm not
saying because I like him, but to get to the high...
Hundreds of millions in the Billions Club. I think those
are two guys that over time I might..

Speaker 6 (51:19):
Fauci's a little older. But Gavin, he's a young guy.

Speaker 9 (51:24):
I think the Grift have been so egregious in California.
I think that they got lazy trying to hide it.

Speaker 6 (51:32):
It just never seems to care, though.

Speaker 9 (51:35):
They're looking into it now, though, for the first time.
You just look at.

Speaker 8 (51:38):
California to see the filth and disgusting. Like, how could
you guys let it get to this level?

Speaker 1 (51:43):
The guy ran on ending homelessness, and it's gotten worse.
And they're like, he's done a great job.

Speaker 9 (51:47):
You know why? Because they import.

Speaker 1 (51:49):
They literally pay other states to send their homeless to
California so they can register them to vote.

Speaker 8 (51:54):
Yeah.

Speaker 6 (51:54):
I hear you.

Speaker 1 (51:55):
But, but he still gets credit out there from these wackos,
like in Hollywood, like he's done a great job. It's like,
that guy's crapping right there.

Speaker 9 (52:01):
You want, you want the answer to that? Think about
what's the average IQ. They say the average IQ is what?

Speaker 6 (52:07):
A hundred.

Speaker 1 (52:07):
Right.

Speaker 9 (52:08):
So that's average, right? That means half the population is
actually dumber than that. So there you go. So there's
your answer. So there's 50% of people. And they're all
average IQ.

Speaker 6 (52:18):
Exactly.

Speaker 9 (52:19):
They continue to vote for these Democrats. And New York.

Speaker 6 (52:21):
And New York. Yeah.

Speaker 9 (52:22):
Lucky us.

Speaker 6 (52:23):
Yeah.

Speaker 1 (52:24):
I'm going to spend my non-just dating Sunday worrying or
finding a way to make it.

Speaker 6 (52:29):
Stop saying that. I'm sorry.

Speaker 9 (52:30):
To get rich quick, though. I think we should start
selling stuff. That's hilarious. Work for the government to do that.
The chain guards. That's what we sell.

Speaker 6 (52:37):
There it is. The chain guards. The chain guards. Yes.
Non-just dating Sunday. Yeah. The non-just dating Sunday. Happy non-just
dating Sunday. It's what we are.

Speaker 9 (52:45):
The east side, by the way, they lost the only
grocery store they had.

Speaker 6 (52:49):
Pulling out of the east side.

Speaker 9 (52:50):
So they're going to be mad at the grocery store, right?
So now the government's going to come in and fine
the grocery store for giving up a losing proposition?

Speaker 1 (52:58):
They did that with the same grocery store in the falls, actually.
They went after the owner.

Speaker 8 (53:03):
Yeah, you should be able to have a grocery store
that gets robbed without any complaints or problems.

Speaker 1 (53:08):
And on top of that, you should never have to,
you know, they should just file another insurance claim.

Speaker 6 (53:14):
Yes. And then that pays.

Speaker 9 (53:15):
And then people complain on why their insurance continues to
go up. And then Kathy will come out and say,
we're cracking down on insurance fraud. And then run on
that and, of course, get reelected. And during a storm,
they should all be just looted.

Speaker 1 (53:26):
Yes.

Speaker 9 (53:27):
Yes.

Speaker 6 (53:27):
That's another insurance claim because it's free if you do
it insurance. It's free. Broken window theory it's called.

Speaker 8 (53:32):
It's like the broken window theory is no big deal
because the insurance company will pay for it. It'll create
jobs because they'll just fix the window. But at some point,
insurance company says.

Speaker 9 (53:40):
We're done. We're not paying for that anymore.

Speaker 8 (53:42):
And then the owner says, yeah, I'm totally broke. You've
tapped me out. It reminds me of Goodfellas. Remember when
they took over that restaurant? And they're like, yeah, we
just rob it and.

Speaker 6 (53:50):
We do everything. And then at the end, they burn it.

Speaker 9 (53:52):
Then they burn it down and they get the insurance money.
And the guy's got nothing left.

Speaker 1 (53:56):
So to give a quick example of that in my world,
we've insured grocery stores and a couple of them have
had issues like that. At a certain point, the company
will cancel or non-renew you, meaning you can't get insurance
from them anymore. If that happens and you have to
go to an excess lines market, it's called, the premium.

Speaker 6 (54:12):
Could double or triple on you. Well, they don't make money.

Speaker 9 (54:15):
No, grocery stores, the profit margin is like 1.5% to 2%.
They're barely scraping by. I would think the east side
of Buffalo would be even more aggressive in those.

Speaker 6 (54:24):
Margins, right?

Speaker 8 (54:25):
For those of you who are getting robbed. Talk to
the people that own the grocery store.

Speaker 6 (54:30):
And I will tell you I know some of them.

Speaker 9 (54:31):
Well, and then they'll complain about, well, how come we're
paying more for a tomato in this store than you
guys are out in East Aurora? Well, because we don't
have $ 100, 000 of people stealing stuff every month.

Speaker 1 (54:41):
This is a show we'll do maybe next week, but
Kathy Hochul has been telling New York State that she's
going to be reducing.

Speaker 6 (54:46):
The cost of insurance. I heard that. I'm sure you've
heard this.

Speaker 1 (54:49):
One of the ways she's going to do that is
she's not going to– she was talking about– let's see
if it passes– not being able to rate differently for
different parts of different areas.

Speaker 9 (54:57):
With a Democrat supermajority in the state, she's going to
get everything she asked for.

Speaker 1 (55:01):
But here's the problem with that. There's more traffic in
places like New York City and Buffalo, tighter quarters. However–
The bigger problem is there's more crime in those areas. So,
of course, insurance companies are going to use that as
a rating factor if cars are being stolen.

Speaker 9 (55:14):
Here's the thing, right? You got to kind of think
around the box a little bit. What they're trying to
do is they're trying to bankrupt and run out all
these private companies. So, Mondami the commie can come in
and say, see, this is what I said. Government needs
to take over. We need to have government-run grocery stores
and government-run housing and government-run everything. They create the problem,

(55:36):
they run out private business, and then they come in
with their government-powered solution.

Speaker 6 (55:40):
And I'll end with this.

Speaker 1 (55:40):
There is one government-run insurance company in the state of
New York, and it is the single worst company in
the state of New York.

Speaker 6 (55:47):
So I'll leave it at that. Hopefully that doesn't get
us fined, Mike. All right, here we go.

Speaker 1 (55:51):
If you need us throughout the week, 833-FIN-GUYS. Download the
Financial Guys media app today. You can get all of
our content. each and every week, podcasts, interviews, radio shows. Mike,
do you have any little one-stop shop? We got about
30 seconds.

Speaker 6 (56:03):
Quick plug. Use this as a resource. I can't tell
you enough. Markets are doing good. Time to make changes sometimes. Rebalance.

Speaker 8 (56:11):
You know, I was talking to Dave Marriott, one of
our portfolio managers, and he's been actually taking a little
bit of profit, you know, waiting for better days. Doesn't
mean you make wholesale changes. I can't stress that enough.
Wholesale changes. 30 years of doing this. I've never seen
anybody successfully time the market. What I have seen is
subtle adjustments along the way. When things are down, you buy.
And when things are good, you maybe start to sell

(56:32):
a little bit. Rebalancing is a key, especially within those
IRA accounts, folks. So 833-FIN-GUY, Certified Financial Planners, Registered Investment Advisors,
Chartered Financial Analysts.

Speaker 6 (56:43):
We can help.

Speaker 1 (56:44):
And folks, again, for all the fathers out there, happy
Father's Day. Have a great weekend with your kids, your grandkids,
and we will see you next Saturday.

Speaker 17 (56:52):
WHAM Rochester. WAIO HD2 Honeyoy Falls.

Speaker 6 (56:56):
W241 DG Rochester. First. Fast.

Speaker 8 (56:59):
Accurate.

Speaker 5 (57:00):
Rochester's news, weather, and traffic station.

Speaker 10 (57:33):
A day later than expected, they are ready to get going.
I'm Daria Albinger, Fox News.

Speaker 1 (57:37):
U.S.

Speaker 10 (57:37):
Delegation led by Vice President Vance has arrived in Geneva
and they are ready to talk with a group from
Iran about the future of that nation's nuclear program and
the memorandum of understanding.

Speaker 9 (57:47):
Fox's Bill Malusians at the White House.

Speaker 7 (57:49):
Iranian military announced that they have closed the strait over
what they say are violations of the ceasefire. They're now
warning ships, don't go near that area. But CENTCOM is
pushing back, saying that vessel traffic through the strait so
far has been flowing smoothly. And our colleague, Jennifer Griffin,
getting some information from a senior U.S. defense official who's
saying Iran can't close the strait because they don't control

(58:12):
it right now.

Speaker 6 (58:12):
The U.S. controls it.

Speaker 7 (58:14):
CENTCOM also announcing that so far today, 55 ships have
gotten through the Strait of Hormuz.

Speaker 10 (58:20):
The talks were postponed because of the fighting between Israel
and Hezbollah in Lebanon. A Texas judge is allowing some
new evidence in the murder trial of Carmelo Anthony. He
was convicted in the stabbing death of another teenager. At
a track meet, here's Fox's Sarah Allegra.

Speaker 2 (58:34):
Body camera video, it captures the moments after Anthony was
taken into custody. Anthony claimed he acted in self-defense. In
the video, he also tells officers Metcalf put his hands
on him after he warned him not to. And you
can hear him telling officers, too, I did it. Also
released Friday, photos shown to jurors during the trial, including

(58:55):
a blood-soaked jacket, crime scene images, and an Ozark Trail
multi-tool knife. Prosecutors say it's the weapon Anthony used to
fatally stab Metcalf.

Speaker 10 (59:05):
Anthony was convicted of first-degree murder. He was sentenced to
35 years in prison. He will be eligible for parole
after half of his sentence. At the World Cup, the
Netherlands and Sweden are now playing in Houston. And later on,
Germany takes on the Ivory Coast in Toronto. Ecuador meets
Curacao tonight in Kansas City. America is listening to Fox News.

Speaker 13 (59:39):
From the Wham 1180 Newsroom, I'm Anthony Panazowicz, a 19-year-old
motorcyclist from Lyons is still hospitalized today after being hit
in Ontario County on Friday night. Police say the teen
suffered serious but non-life-threatening injuries when he was hit by
a 79-year-old man who was trying to turn into a driveway.
The elderly man was cited for failure to yield and
medically cleared after the crash. The Rochester International Jazz Fest

(01:00:02):
roared to life last night to kick off its 23rd year.
More than 1,500 musicians are expected to perform across the
next nine days on 19 total stages in the city's
East End district. This year's headline performance comes next Friday
as Gladys Knight performs at the Kodak Hall at Eastman.
And a Rochester man is still in the hospital for
life-threatening injuries suffered in a shooting near Main and King Streets.

(01:00:25):
Police were called around 6.30 last night and found a
43-year-old man with at least one gunshot wound to his
upper body. He was taken to Strong and an investigation
by RPD is ongoing. Your 13 WAM Weather Authority forecast today,
a mix of sun and clouds, still breezy though, 73
for your high. I'm Anthony Panazowicz, NewsRadio WAM 1180. Next
news in 30 minutes, breaking news when it happens. Anytime

(01:00:45):
on NewsRadio, WAM 1180.

Speaker 5 (01:00:47):
This report is sponsored by William Mattar Law Firm.

Speaker 6 (01:00:50):
At William Mattar, we only handle motor vehicle accidents.