April 10, 2025 • 35 mins
Today on the Jimmy Barrett Show:
- Trajan Wealth's Jeff Junior on how the firm has felt during the market swings
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Episode Transcript
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Speaker 1 (00:02):
Well, what we need is more common sense, more.
Speaker 2 (00:06):
Common the common breaking down the world's nonsense about how
American common sense. We'll see us through with the common
sense of Houston. I'm just pro common sense for Houston
from Houston Way. This is the Jimmy Barrett Show, brought
(00:26):
to you by viewind dot Com. Now here's Jimmy Barrett. Hey,
welcome to the show.
Speaker 3 (00:32):
Do you think you are more forgetful now than you were,
like maybe five years ago or ten years ago. I
guess it was standard reason. You probably are because you're
you're older than you were five or ten years ago, right,
But do you think society in general is more forgetful?
I don't know if it's that we're more forgetful as
much as it is that we are more distracted. And
(00:55):
I saw these two stories that kind of kind of
I think go back to back as far as showing
how forgetful we really can be these days. One has
to do with lost luggage and the other one has
to do with, you know, things left behind in an
uber driver's car. And I really never stopped to think
(01:16):
about that that much. But anyway, I'll try to show
you what I mean.
Speaker 4 (01:19):
Here.
Speaker 3 (01:19):
Let's let's start with the lost luggage though. First turns out,
did you know that there's a place in Alabama, Scottsboro, Alabama?
I thought Scottsborough was an Arizona. Anyway, I guess there's
a Scottsboro, Alabama that specializes in the recovery, we sail
and repurposing of lost travelers stuff. You know, the airlines
when they lose your luggage, do their level best to
(01:41):
try to reunite you with your luggage. But I guess
there are some people that either don't bother to come
back once they find it, or they just never quite
find it, or at least never find out who the
luggage belonged to and don't get reunited. And that they
have this business that's set up in Alabama. It's called
the Unclaimed Baggage Store, where they sell stuff that has
(02:03):
come out of people's luggage. And some of it's pretty
common stuff. Taylor's Swift era eras tour last year. There's
a lot of stuff in twenty twenty four that it
was Tailor's Swift related this. I found this very interesting.
Though jewelry accounted for the most expensive of the lost
items last year, there was an eighteen carried white gold
(02:26):
solitaire diamond ring valued at thirty nine thousand dollars that
was found an eighteen carrot gold Rolex presidential oyster perpetual
day date watch valued at twenty thousand dollars. What in
the world is that doing in your luggage to begin with?
And there's unusual things, weird things that people left behind,
(02:48):
like they found a full sheet of uncut two dollar bills,
a toilet seat, somebody packed a toilet seat, silicon butt pads,
a rattlesnake preserved in a jar of whiskey, and an
antique French guy to performing exer systems. By the way,
the advice bigs advice, and I would back this up
by the way. We're traveling a lot this summer. And
(03:11):
one thing that we did, or one thing that we
found to be very very helpful, is to not get
a traditional black suitcase, especially for check bags, because it
seems like everybody has a black suitcase, and if you
do have, even if you have a different colored suitcase,
ours is orange. I mean it kind of stands out.
We also like tie a certain color ribbon to the
(03:32):
handle as a further way to be able to identify
that that belongs to us. That's the best advice I
can give when it comes to trying to do that stuff.
The other story I found that I thought was really
interesting was the things have been left behind with Uber
drivers in their vehicles. You know, you could get an
Uber ride. I don't really use Uber very much. Elizabeth
(03:53):
used it to go to the airport. She loved it.
I think she spent forty dollars on the trip, and
you know, she they would have spent more than that parking,
you know, parking UH at the airport. And she got
dropped off right at the door and picked up right
at the door. I mean, that's the way to go, right.
But they found some crazy things that people left behind
in an Uber vehicle. And what's really strange about that.
(04:16):
It's not like you got separated, like your luggage. I mean,
you're you're right there with it. What happened? How did
you forget? So I was asking listeners this morning on
kat r H on our morning show. I was asking
Uber drivers who were listening to to kind of chime
in and tell me some of the more unusual things
that people left behind UH in their vehicles. And the
(04:37):
Uber drivers had some pretty interesting things.
Speaker 5 (04:40):
Hey, Jamie, you know who this is?
Speaker 6 (04:41):
Yes, guy, Mike, you know this is also let's.
Speaker 5 (04:44):
See things left behind.
Speaker 2 (04:45):
I was gonna run down.
Speaker 6 (04:46):
A listair real quick, air pods, computer, weed, yes, weed, uh,
cell phones, money, return money, and no no one's left
the kid in here yet.
Speaker 2 (05:04):
So yeah, I think we're good. Mike, I've got nothing
report you know.
Speaker 5 (05:08):
You know, Jimmy, it sandred from spring. When I was
driving for Uber, I found all kinds of interesting things
left behind in my back seat and in my trunk.
An engagement ring, a pair of ladies underwear, some gentlemen
left his sucks, one lady left her a wig, and
one guy left his do rag.
Speaker 2 (05:31):
I didn't leave a wig. Weren't you weren't you wearing
the wig? Guess not.
Speaker 3 (05:39):
Here's some things reported by Uber some of the most
interesting things that were found in the last year. A
traffic cone, a plunger, a cactus, a peacock feather, a hoverboard,
a mini fridge, a Harry Potter wand of sewing machine,
(06:02):
orthopedic foot in soles, boiled eggs in a candle, boiled eggs. Boy,
I bet that smelled graat, divorce papers, o zepic you
shouldn't leave ozempic behind. That stuff is like liquid gold
right now, cornish hens, fake blood, ten live lobsters, attacks,
(06:24):
the dermied rabbit, a chicken sculpture, and a DJ mixing
board just a few of the things that were left
behind with Uber drivers. And by the way, the ten
most forgetful cities. Now some of this is these are
also some of the biggest cities. So we actually did
fairly well in that We're not we're not. We're the
(06:45):
sixth largest metro area, but we didn't rank number six
and forgetfulness. Number one was New York City, as you
might imagine. Number two was Miami, Number three was Chicago,
Number four Los Angeles, number five Washington, d C. Sixth
was San Francisco, seventh was Boston, eighth was Newark, New Jersey,
(07:07):
ninth Dallas in number ten Houston. So we did make
the top ten of most forgetful cities when it comes
to leaving things behind in an Uber vehicle. All right,
do you feel better today? Coming up in our third
segment today, I'm talking about those of you that are
invested in the stock market, those of you who have
a four oh one K Do you feel better today.
(07:28):
Did you take a deep breath when you saw what
happened with Wall Street when Trump announced that he was
deferring terrorists for everybody but China for ninety days. I'm
thinking you probably did. We're going to talk to Jeff Junior,
who runs Trajan Wealth, about what kind of day or
what kind of a forty eight hour period he had
with himself and his company and how they deal with volatility,
(07:51):
because clearly we're in for some volatile times. We'll be
talking to him. In our third segment today, we'll do
more on the Trump the reaction to Trump did yesterday,
on the tariffs suspension and how people are reacting to
it and what appears to be the end goal for
President Trump. Coming up next, Jimmy bat Show. You're a
name of nine fifty kPr seat. All right, we're going
(08:32):
to talk about what President Trump did yesterday in rescinding
the tariffs for ninety days. We're postponing them, I guess
for ninety days. These are primarily for the countries who
came forward and said we really want to negotiate, and
let's talk. Please, let's talk. That does not include China,
because China's still trying to play hardball, even though I
(08:54):
think they're getting in a worse and worse position. As
it relates to that, we'll have a cut from person
and Trump here in a moment. I think President Trump
seems to be somewhat I guess to a certain extent
culturally sensitive to the fact that the Chinese, you know,
they're they're not used to negotiating with people. They're used
to dictating what it is that they want, So you know,
(09:16):
they're they're in an unusual spot. They're not quite sure
what to do. They don't have a lot of experience
with this. But last night on Sean Hennity's show, he
had on some staunch Republican senators, one of whom, of course,
was Senator John Kennedy, as you all know, my favorite
and Senator John. They were there to talk about a
variety of issues. But Senator Kennedy starts in this one
by talking about the Reconciliation Bill and how they're going
(09:39):
to try to get that pass, but quickly segues into tariffs.
He was really kind of critical of Trump's tariffs just
the other day when when the doll lost so much.
I think he said, like, reciprocal tariffs are like, you know,
two people punching each other in the eye. Both get hurt.
But now I think he's starting to understand. Again, you
need a reminder every now and again of what Trump
(10:00):
is all about, what it is he's really trying to accomplish.
Let's listen.
Speaker 1 (10:03):
Well, look, reconciliation is not quantum physics.
Speaker 2 (10:09):
It's about lower prices.
Speaker 1 (10:11):
To lower prices, John, You've got to do three things.
You've got to reduce government spending so you have less stimulus.
You've got to deregulate the economy so the price of
goods and services go down, and you have to design
your tax code that it looks like somebody designed it
on purpose to stimulate growth. Now, reconciliation allows us in
(10:36):
the Senate to do all three of those things with.
Speaker 2 (10:40):
Fifty one votes.
Speaker 7 (10:42):
And that's really all it is.
Speaker 1 (10:47):
I want to say a word though, about tariffs, because
that's sort of the fourth leg of this stool. I
think most fair minded people would agree with this. Other
countries have used trade barriers to take advantage of the
American people and American businesses. Number two, President Trump has
(11:10):
said enough, we would not be in this situation today
had he not been a pit bull by that, I mean,
there are one hundred and ninety five countries in the world.
Seventy are begging him to make a deal. To Mower cares,
he's like the pit bull though, who caught the car.
(11:32):
Here's what I don't know what the President's going to
do next. Here's what I hope he does next. I
hope he takes a deal. I hope he. I hope
he goes to He and Scott Bessett go to every
one of those countries and reduce those tariffs and trade
barriers down to zero and let American businesses compete with
those foreign business Competition makes us better.
Speaker 3 (11:55):
That is the key he makes in the key at
the end of that, the key of this. It's not
really as much about the terrorists as it is about
the trade barriers. And that's part of the negotiation. And
in order to get countries to wipe out their trade
barriers against the United States, the only way you can
do that is by threatening them with these tariffs. And
(12:18):
it's been it's highly effective. Now it hasn't been effective
yet with China. As I mentioned here is President Trump yesterday.
By the way, the Cudlow Panel is going to respond
to what the President said yesterday. But here's the president
right after this announcement came out about, you know, the
ninety days suspension on the tariffs for most of the countries,
but not for China, and he pointed out, as I
(12:39):
mentioned a few moments ago, that China is not used
to having to deal with something like this.
Speaker 8 (12:45):
China wants to make a deal. They just don't know
how quite to go about it. You know, it's one
of those things that are not quite the proud people.
And President she's a proud man. I know him very well,
and they don't know quite how to go about it,
but they'll think it out in the process of figuring out,
but they want to make a deal.
Speaker 2 (13:03):
I think it's going to work out amazing. I think
that our country is going to be at.
Speaker 8 (13:08):
The end of a year or shorter, but I think
we're going to have something that nobody would have dreamt possible.
Speaker 9 (13:13):
As I was looking at my usual chart of all
the reciprocal tariff charges, which I think are too high,
you said it worked, yeah, yes, And.
Speaker 10 (13:22):
I don't think those numbers ever mattered. And so all
the media that was focusing on the formula and what
were they thinking and Peter Navarro's crazy. There was a
method to their madness. Trump never cared about those numbers.
He put them in place to get people to the
negotiating table, and he got exactly what he wanted. Larry
and I think his sort of evil genius is playing
out in this whole process. You and I have talked
(13:43):
about why didn't he do the bill first and then
the tariffs. I think he had to do the tariffs
first to cause a little bit of the chaos that
would then force Congress to do the bill.
Speaker 9 (13:52):
Well, John Carney, you said all along that it was
going to work, including these reciprocal tariff charges, even though
the calculations blah blah blah. You've said all along, it's
going to work. Now this is the next step. Are
you okay with this next step?
Speaker 2 (14:06):
Yes?
Speaker 11 (14:07):
Pause, absolutely, Look what the whole point was to get
people to negotiate away their trade barriers.
Speaker 2 (14:14):
But the world.
Speaker 11 (14:14):
Should not look at this as Donald Trump saying I'm
not doing tariffs. If they do not lower their trade barriers,
the tariffs are coming back. I look at this as
kind of a Holy Week early Holy Week jubilee. Right,
everybody gets a little break, you know, we're going into Easter.
Then ninety days from now, which, by the way, is
(14:35):
July eighth, I believe, ninety days from now. So what
that means is Donald Trump on July fourth, the two
hundred and fiftieth anniversary of our revolution, will be able
to announce a big global deal with the rest.
Speaker 9 (14:48):
Of the big beautiful trade deal, big beautiful trade trade deal.
Speaker 11 (14:52):
Independence Stay for America, but Independence Day for the whole
world from China.
Speaker 2 (14:57):
Yeah.
Speaker 3 (14:58):
Independence Day from China. Ah, wouldn't that be something? Wouldn't
that be something?
Speaker 2 (15:06):
Yeah?
Speaker 3 (15:06):
But it's amazing how how the flip flop has begun.
I just I've been looking forward to tomorrow morning just
to hear what the mainstream media is saying all day today,
how they're trying to spin this now now. And I'm
also looking forward to seeing what Wall Street does with
the day today after the biggest one day gain in
stock market history yesterday almost three thousand points up. Yeah,
(15:29):
all those losses just kind of turned around in a hurry.
All right, One more for you. This is Capital Cardone
Capitol founder Grant Cardon with our Ingram talking about the
Trump strategy. He thinks it's working.
Speaker 12 (15:43):
Laura, first of all, congratulations for telling America not to panic.
Speaker 2 (15:46):
You were clearly right. The five trillion dollars.
Speaker 12 (15:48):
Hit for a one case today, So good well done.
Regarding the American people, they have been, you know, basically
programmed to believe that President Trump is you know, out
of bounds and when in truth, he's a genius in negotiating.
He is very calculating in how he negotiates. He understands
(16:09):
the art of the deal better than anyone, and he's
gotten results in a very short period of time.
Speaker 7 (16:15):
And so what he's doing.
Speaker 12 (16:16):
Is he's using a big bat that people don't understand.
Most people do not want to negotiate anything. None of
our presidents have in the past. And he's doing the
work that many presidents have failed to do because they
simply were not willing to rework the deal and grant.
Speaker 1 (16:32):
A Secretary Bessent made a quite a telling comment about
China earlier watched this.
Speaker 13 (16:38):
This was his strategy along and that you know, you
might even say that he go to China into a
bad position. They have shown themselves to the world to
be the bad actors. It wasn't a hard message, don't retaliate,
things will turn out well.
Speaker 7 (16:56):
Grant. What of that?
Speaker 12 (16:59):
Yes, I mean, look, what he's doing is he's creating
a supply magically without spending any money, creating a supply
of other countries that came to the table, Laura. He
basically needed decision makers to show interest and willingness and
urgency to come to a solution. He used his leverage
to get that. Those are the four things you need
(17:21):
in any negotiations.
Speaker 2 (17:22):
And President Trump.
Speaker 7 (17:23):
Knows he's better than anyone.
Speaker 12 (17:25):
This is why it's so important to get this reset
for America. These terroriffts will result in lower prices for Americans,
and this is what the media is not telling Americans.
We could actually get lower prices, we could get an
economy that is expanding. And I believe in the next
two months or less, he will come out with tax
breaks for the American people that will astound all of us,
(17:47):
both from the middle class all the way up to
the wealthy.
Speaker 3 (17:51):
And let's see what could he do that would astound
us well, no tips on waitresses, no taxes on overtime,
no taxes on Social Security. Yeah, there's a lot of
things he could do that he's hinted that he wants
to do. But obviously hasn't happened yet. And if he
does all those things, wow, I mean by this summer,
(18:15):
things could be we could be in a whole different
world around here. Quick little break, We're going to come
back with Jeff Junior from Trading Wealth. He'll talk to
us about what kind of seventy two hour period he's
had at his company. How I wonder how you know
his investors are reacting. We'll talk to him next year
on Name nine fifty KPRC and the Jimmy Fairtt Show.
(18:53):
All right, Jeff, jus, Jeff Junior's with us from Trading Wealth.
We wanted to talk to Jeff if no other reason.
I wanted to find out because I talk about Tradian
Wealth all the time on our morning program, and I
just kind of wanted to find out what the last
seventy two hours has been like for you.
Speaker 2 (19:08):
Jeff. What's it been like it's Trading Wealth.
Speaker 4 (19:12):
Well, good morning, Jimmy. We certainly appreciate everything that you
do for us. By the way it's been, Uh, it's
definitely been a roller culture, like I think it has
been for any other financial services firm or any investor
for that matter. It's hard to know exactly how this
is going to turn out and how countries are going
to react. The last few days, the market, as you saw,
saw pretty considerably, but yesterday we had a great We
(19:34):
had a great day.
Speaker 3 (19:34):
So so just you know, from the standpoint of your
client tele I know, you guys do a great job
of you consider yourself teachers, and I appreciate the fact that,
you know, you try to educate the people that you're
working with so that they hopefully don't feel like they
have to call the suicide hotline when the when the
Dow's down by a couple of thousand points. But I'm
(19:55):
sure there's got to be you have to have nervous investors,
and there were they blowing up your phone, Sarah about
two days ago when the when the market was down
so drastically.
Speaker 4 (20:05):
Yeah, certainly, and I appreciate you saying that. You know,
I say all the time that we do have hearts
at teachers, and we try to show that in our
interactions every day. But yeah, the phone has definitely been ringing.
I wouldn't say it's been ringing off the hook, but
it's been ringing. There's definitely a lot of concern out
there for good reason, you know, We haven't seen anything
like this within our lifetimes. The last time this happened
was way back in the nineteen thirties and nobody. Nobody
(20:28):
knows about that. When it happened back in the nineteen thirties,
the market remained stagnant for about twenty years after. So
it's very concerning if you are a student of history
knowing what happened. It looks like things are coming to terms,
you know, especially with this ninety day hiatus. Hopefully this
will give other countries an opportunity to come to the
table and negotiate and work things out with us.
Speaker 2 (20:49):
And help the overall economy.
Speaker 3 (20:52):
Yeah, clearly this is this is not about tariffs as
much as it's about trade at the end of the day,
that this is a negotiation tool in order to force
countries to say we want to talk, we want to
come to the table. So far seems to be working
with everybody except for China.
Speaker 4 (21:08):
Yeah, that's exactly right, without a doubt. You know, tariffs
are a way to get people talking. Tariffs are attacked
and when you raise taxes, just like when we get
our taxes raised, there's up roar.
Speaker 3 (21:20):
I'm wondering about the volatility factor. You know, we've been
through it's been pretty calm. The stock market has been
a pretty calm place here for the last you know,
the last five six years. Now, all of a sudden,
we have this great volatility. It has been it's been
brought on by this how what kind of strategies do
you employ? What kind of different strategies do you use
(21:41):
in a volatile market versus one this seems to be placid.
Speaker 4 (21:45):
Yeah, that's within the last five years, you know, excluding
this recent volatility, the market's up one hundred percent. And
investors really do have short term memories when it comes
to the market. I think that twenty returns year over
year are going to be a constant and there's no
turning that back. But we invest into companies that are stable,
(22:06):
that we believe have a wide what we call moat.
A moat is lesser competition from other companies, and so
we really have always avoided companies that could be affected
on the geopolitical front, ones that have to depend on
trade or supplies coming into the country going out of
(22:28):
the country, tariffs, et cetera, et cetera. So we avoid retail,
we avoid autos, we avoid furniture, things like that, and
I'd say to all of the investors, this is really
a good opportunity to look at your portfolio and see
if you have investments inside that are super sensitive to
these tariff talks and geopolitical talks, and it's a good
(22:49):
time to rebalance your portfolio and get out of some
of that stuff.
Speaker 3 (22:52):
You know, for those who've had main investment in a
four oh one K, then hopefully is under their control,
because I know that's one of the things you always
advise if you have a four oh one K with
a former layer, you don't want it with the former employer.
You want control of that yourself. But those things are
generally invested in a whole variety of things. Can you
take a look at your four oh one K and
pick and choose where maybe you need to make a
few changes based on the volatility factor?
Speaker 4 (23:15):
Yeah, it depends on the four a one K. Many
four to one k's. I'd say most four to one
k's have limited investment options. And those limited investment options
are going to give you maybe a handful of mutual funds.
And the premise of a mutual fund is within one
mutual fund, you own a couple hundred companies, so it's
alter diversified. But that can be incredibly problematic as well
because you don't totally know what that mutual fund is
investing into. So investors can look into their mutual funds.
(23:38):
They can also lean on trading wealth as a resource
to look and look into those mutual funds if they
don't have an ability to move that four oh one K.
But it's a testament to just what you said. If
you do have a four to oh one K and
you're no longer working for the employer, it's incredibly important
to roll that over into an IRA. And the reason
for that is because you can diversify that IRA and
(24:00):
you can put it into specific investments that a four
oh one K just doesn't give you access to.
Speaker 3 (24:06):
Okay, that's good advice. I'm wondering too, from the standpoint
of the future down the road. I know that you
folks put a lot of effort into did you have
a crystal ball or nobody?
Speaker 2 (24:18):
Nobody?
Speaker 3 (24:18):
Last I heard, nobody at your organization is psychic. But
I thank you folks. You tried to look forward and
try to figure out what what is the next big thing,
Where's the next place that we should be looking as
far as investing, have you identified a couple of places
that you think are quote unquote the next big things?
Speaker 4 (24:36):
No, I wouldn't say there's any you know, I think
you hit the nail on the head. Nobody is psychic.
Speaker 2 (24:40):
I wouldn't say.
Speaker 4 (24:41):
There's a next big thing. But we are long term
investors and we do believe in proper diversification by investing
in companies that have wide motes around them that can't
get hurt considerably by things that like what's happening right
now with these tariff talks. So it's really a matter
of understanding what investments you have an eye on them,
making changes to your overall portfolio, but at the end
(25:03):
of the day, buying good quality companies that is going
to ultimately make you money for the long run. And
I'd say that we're hyper bullish on the United States
regardless of what's going on in the political climate right now.
Speaker 3 (25:16):
Let me ask you about cryptocurrency. Where you find some
folks add on cryptocurrency. Is this a worthwhile investment, something
people should consider, something people should just dabble in if
they want to try to put their pinky dough in.
Speaker 4 (25:29):
There are strong opinions across the board from stay away
from it to put everything you possibly can in it.
I don't know a lot about it. We don't have,
you know, I wouldn't say I wouldn't say to put
a lot in it because it is a fairly new
currency and it's a fairly new investment overall. During the
twenty twenty crisis, one thing that had been presented to
(25:53):
us about cryptocurrency is it's going to be uncorrelated to
the stock market, meaning if stock market drops, the cryptocurrency
is going to remain strong or even go up. During
twenty twenty, during COVID, that work to be the opposite.
So I'm a little skeptical just because it's so new,
but I would say still use it as a diversification
tool because it is. It does have some good qualities
(26:14):
to it, for sure, and the main quality is to
eliminate some of this government and invention that you see
is going on.
Speaker 3 (26:19):
Now right right? How about persons mentals? Where do you
folks stand on that.
Speaker 4 (26:25):
I've never been a big fan of precious metals only
because the return historically hasn't been nearly a strong as stocks,
and it's sold as a safe haven, meaning if the
world goes to heck in a handbasket.
Speaker 2 (26:39):
At least you have this gold.
Speaker 4 (26:40):
Well, the problem with that is, what are you going
to do with the gold? Are you going to throw
it at somebody? Are you going to beat somebody upside
the head? Are you going to are you going to
cut a chunk of it off at the grocery store. Regardless,
with gold, you have to redeem it for dollars, and
those dollars will then purchase you something. So I'm never
I've never been a big fan of gold in our
company stands.
Speaker 2 (27:00):
Behind that, gotcha?
Speaker 4 (27:01):
Okay? In general?
Speaker 3 (27:03):
All right, all right, trying to think of what else
I want to run by you here, I'm going to
I'm running through my entire checklist with you. I don't
normally I don't for the record, I don't normally get
tim as with Jeff Junior from from tras well.
Speaker 2 (27:14):
So I'm I'm going through money. You're right, we should.
Speaker 3 (27:18):
Uh so, I'm just kind of going through my want
why not, Well, we'll have to work on doing something
like that. I've enjoying this very much. So at the
end of the day, here, cash, CDs, those types of
investments for the people who are really timid. Are we
finally back Do you think we're We're at a good
time for people who who really, you know, need to
(27:39):
be able to get their hands on their money. They
weren't doing it any sort of CD investments before because
they were afraid that well, they weren't making any interest
on the money, and therefore they weren't growing their money.
That mercifully has changed a little bit. Where do you
folks stand on and those types of investments right now?
Speaker 4 (27:58):
It depends on what you're investing for. If you're just
overly timid and you're overly sensitive to any kind of
market fluctuations, the best place to have it is probably
in a high yield savings account or a CD or
a money market that's paying a little bit more interest
than having it under the mattress. The problem with having
your money under a mattress is, let's say your house
burns down, Well, there goes your money too. At least
(28:18):
have it in a safe spot that can earn a
little bit of interest. Interest rates are fairly high in
the big scheme of things, so I'd advocate, if you're
very timid, to put it into a highield savings account
or a CD, But I'd even be a bigger advocate
to not look at your investments and actually put it
into full blown investments, a broad diversified portfolio. Now I
(28:40):
know I'm biased, but i'd say a full diversified portfolio
of Trajan Wealth.
Speaker 3 (28:45):
Oh well, of course you would. I would expect you to. Yeah, Ji,
pleasure to talk to you, sir. Thank you for your
time today. I sure do appreciate it.
Speaker 2 (28:53):
Pleasure to speak to you.
Speaker 4 (28:54):
Thank you.
Speaker 2 (28:54):
You bet.
Speaker 3 (28:55):
Jeff Junior from Trajan Wealth back with more in a
moment Jimmy Bart Show. You're auning of ninepr See.
Speaker 2 (29:15):
All right, let's see we covered, we covered the tariffs.
Speaker 3 (29:17):
Thanks again to Jeff Junior for coming on the show today.
Is a busy guy. We've covered uh, We've covered the
six Ways of Sunday. We covered the tariffs and the
reaction to it and all that.
Speaker 2 (29:27):
So let's talk.
Speaker 3 (29:28):
Let's talk a little bit about crime, because this is
this is happening. I don't want to say unnoticed, because
it's not unnoticed, but it's not getting as much play
as you think it probably would otherwise, just because there's
so much news around Trump and the tariffs and all
the things that go along with that Pam Bondy and
(29:49):
Cash Pateel yesterday in Florida where they had a drug
bust to the tune of over five hundred million do
worth of drugs and the people distributing those drugs. We
know what a huge problem we have with drugs, especially
(30:10):
fentanol in this country. So the fact that we are
getting tough with these people makes me feel better. That's
for sure. We have huge crime problems. I don't think
the problem is the police enforcement. I don't think the
problem is the FBI anymore. The problem is judges. But
we'll get that a second.
Speaker 2 (30:27):
First.
Speaker 3 (30:27):
Here's Pambody the Bond depart being in Cash Pattel yesterday
in Florida.
Speaker 7 (30:33):
Thank you all for being here today.
Speaker 14 (30:34):
Today's operation is an example of the unprecedented collaboration between
the military and the Justice of Department of Justice components
working closely with the US Coast Guard. And look at
all these great men and women in the Coast Guard.
Thank you so much for your dedication. This is a
(30:56):
text book example of the Justice Department and supporting the
fight against violent crime. These drugs are worth over half
a billion dollars forty almost forty five thousand pounds of cocaine,
pure cocaine uncut, and thirty eight hundred pounds of marijuana.
(31:22):
Congratulations again to the Coastguard. You have done incredible work,
Admiral and your team Captain in securing these drugs.
Speaker 7 (31:32):
Thank you all for being here. General Bondi, we're.
Speaker 15 (31:36):
Here today because of your dedicated leadership to safeguard American lives,
because you have the courage to follow President Trump's courage
to put our children first and to make sure that
the narco traffickers. And make no mistake, this administration has
labeled them foreign terrorist organizations.
Speaker 7 (31:55):
Because that's what they are.
Speaker 15 (31:57):
There is no lethal force on planet Earth that is
responsible for an overdose death of an American citizen every
seven minutes more so than these federal terrorist organizations foreign
terrorist organizations. We are humbled to be a part of
this Department of Justice and we're going to continue to
safeguard our streets.
Speaker 7 (32:19):
This is what it looks like when the.
Speaker 15 (32:22):
United States whole of government approach brings every resource to
bear from the Department of Defense in the United States
Coast Guard, from HSI, from FBI.
Speaker 7 (32:32):
From DEA, and so many others.
Speaker 15 (32:35):
They are going to get all the drugs off the streets,
off the markets, and as Attorney General Bondi said, we
are going to lock them up.
Speaker 3 (32:44):
Yeah, okay, you're never going to get all that stuff. Okay,
You're just not. But it certainly does nice. It certainly
is nice to see the level of cooperation that now
exists in the Department of Justice and getting back to
the function of that department fighting crime, fighting real crime,
not fighting political crime, fighting real crime for goodness sakes,
(33:06):
So that part of it is very, very nice to see.
Speaking of crime, Mayor John Whitmeyer says, we currently here
in Houston, we have nine hundred that's not nine or
ninety nine hundred people charged with murder who are out
on bond. Nine hundred, nine hundred. That's insane. That is
(33:34):
absolutely insane. And some of these people, as we know
too well because we've done plenty of these stories, unfortunately,
some of these people out on bond commit other murders
and some of them get out again. And yet that's
the justice system we currently have with the judges that
we have in place in big cities like Houston, in
(33:55):
these blue cities like Houston. We have got to do
something about this. And I'm frustrated because you know, the
only way to fix the problem is to get rid
of the judges, and the only way to get rid
of the judges is to vote them out. And unfortunately,
we despite all the publicity about this stuff, we don't
have enough people who can put two and two together
and figure out what the problem is. At least based
(34:18):
on the last couple of elections, we don't. So we
got a lot of work to do in order to
be able to turn that situation around. And one more
I guess maybe this will make us feel a little
bit better. At least they aren't sending the National Guard
into Houston because of crime. I mean, we've got our
fair share of crime problems, but nothing like Albuquerque, New Mexico.
I'm surprised by that. Albuquerque. Yeah, Albuquerque, New Mexico. The governor,
(34:43):
and she's a Democrat, she's a lib The governor of
New Mexico sending the National Guard into Albuquerque to help
fight crime because the fetanyl problem there is so bad
and the crime problem is so bad the police department
has overrun it needs help. That should tell you a
lot about where we're at as far as violence and
crime in our big cities.
Speaker 2 (35:03):
We're all right. Listen.
Speaker 3 (35:04):
Enough of that for the day. You have a great day.
Thank you for listening. I hope to see you tomorrow morning,
bright early at five AM over our news radio seven KTRH.
We are back here at four on AM nine fifty KTRC.
Well, what we need is more common sense, more.
Speaker 2 (00:06):
Common the common breaking down the world's nonsense about how
American common sense. We'll see us through with the common
sense of Houston. I'm just pro common sense for Houston
from Houston Way. This is the Jimmy Barrett Show, brought
(00:26):
to you by viewind dot Com. Now here's Jimmy Barrett. Hey,
welcome to the show.
Speaker 3 (00:32):
Do you think you are more forgetful now than you were,
like maybe five years ago or ten years ago. I
guess it was standard reason. You probably are because you're
you're older than you were five or ten years ago, right,
But do you think society in general is more forgetful?
I don't know if it's that we're more forgetful as
much as it is that we are more distracted. And
(00:55):
I saw these two stories that kind of kind of
I think go back to back as far as showing
how forgetful we really can be these days. One has
to do with lost luggage and the other one has
to do with, you know, things left behind in an
uber driver's car. And I really never stopped to think
(01:16):
about that that much. But anyway, I'll try to show
you what I mean.
Speaker 4 (01:19):
Here.
Speaker 3 (01:19):
Let's let's start with the lost luggage though. First turns out,
did you know that there's a place in Alabama, Scottsboro, Alabama?
I thought Scottsborough was an Arizona. Anyway, I guess there's
a Scottsboro, Alabama that specializes in the recovery, we sail
and repurposing of lost travelers stuff. You know, the airlines
when they lose your luggage, do their level best to
(01:41):
try to reunite you with your luggage. But I guess
there are some people that either don't bother to come
back once they find it, or they just never quite
find it, or at least never find out who the
luggage belonged to and don't get reunited. And that they
have this business that's set up in Alabama. It's called
the Unclaimed Baggage Store, where they sell stuff that has
(02:03):
come out of people's luggage. And some of it's pretty
common stuff. Taylor's Swift era eras tour last year. There's
a lot of stuff in twenty twenty four that it
was Tailor's Swift related this. I found this very interesting.
Though jewelry accounted for the most expensive of the lost
items last year, there was an eighteen carried white gold
(02:26):
solitaire diamond ring valued at thirty nine thousand dollars that
was found an eighteen carrot gold Rolex presidential oyster perpetual
day date watch valued at twenty thousand dollars. What in
the world is that doing in your luggage to begin with?
And there's unusual things, weird things that people left behind,
(02:48):
like they found a full sheet of uncut two dollar bills,
a toilet seat, somebody packed a toilet seat, silicon butt pads,
a rattlesnake preserved in a jar of whiskey, and an
antique French guy to performing exer systems. By the way,
the advice bigs advice, and I would back this up
by the way. We're traveling a lot this summer. And
(03:11):
one thing that we did, or one thing that we
found to be very very helpful, is to not get
a traditional black suitcase, especially for check bags, because it
seems like everybody has a black suitcase, and if you
do have, even if you have a different colored suitcase,
ours is orange. I mean it kind of stands out.
We also like tie a certain color ribbon to the
(03:32):
handle as a further way to be able to identify
that that belongs to us. That's the best advice I
can give when it comes to trying to do that stuff.
The other story I found that I thought was really
interesting was the things have been left behind with Uber
drivers in their vehicles. You know, you could get an
Uber ride. I don't really use Uber very much. Elizabeth
(03:53):
used it to go to the airport. She loved it.
I think she spent forty dollars on the trip, and
you know, she they would have spent more than that parking,
you know, parking UH at the airport. And she got
dropped off right at the door and picked up right
at the door. I mean, that's the way to go, right.
But they found some crazy things that people left behind
in an Uber vehicle. And what's really strange about that.
(04:16):
It's not like you got separated, like your luggage. I mean,
you're you're right there with it. What happened? How did
you forget? So I was asking listeners this morning on
kat r H on our morning show. I was asking
Uber drivers who were listening to to kind of chime
in and tell me some of the more unusual things
that people left behind UH in their vehicles. And the
(04:37):
Uber drivers had some pretty interesting things.
Speaker 5 (04:40):
Hey, Jamie, you know who this is?
Speaker 6 (04:41):
Yes, guy, Mike, you know this is also let's.
Speaker 5 (04:44):
See things left behind.
Speaker 2 (04:45):
I was gonna run down.
Speaker 6 (04:46):
A listair real quick, air pods, computer, weed, yes, weed, uh,
cell phones, money, return money, and no no one's left
the kid in here yet.
Speaker 2 (05:04):
So yeah, I think we're good. Mike, I've got nothing
report you know.
Speaker 5 (05:08):
You know, Jimmy, it sandred from spring. When I was
driving for Uber, I found all kinds of interesting things
left behind in my back seat and in my trunk.
An engagement ring, a pair of ladies underwear, some gentlemen
left his sucks, one lady left her a wig, and
one guy left his do rag.
Speaker 2 (05:31):
I didn't leave a wig. Weren't you weren't you wearing
the wig? Guess not.
Speaker 3 (05:39):
Here's some things reported by Uber some of the most
interesting things that were found in the last year. A
traffic cone, a plunger, a cactus, a peacock feather, a hoverboard,
a mini fridge, a Harry Potter wand of sewing machine,
(06:02):
orthopedic foot in soles, boiled eggs in a candle, boiled eggs. Boy,
I bet that smelled graat, divorce papers, o zepic you
shouldn't leave ozempic behind. That stuff is like liquid gold
right now, cornish hens, fake blood, ten live lobsters, attacks,
(06:24):
the dermied rabbit, a chicken sculpture, and a DJ mixing
board just a few of the things that were left
behind with Uber drivers. And by the way, the ten
most forgetful cities. Now some of this is these are
also some of the biggest cities. So we actually did
fairly well in that We're not we're not. We're the
(06:45):
sixth largest metro area, but we didn't rank number six
and forgetfulness. Number one was New York City, as you
might imagine. Number two was Miami, Number three was Chicago,
Number four Los Angeles, number five Washington, d C. Sixth
was San Francisco, seventh was Boston, eighth was Newark, New Jersey,
(07:07):
ninth Dallas in number ten Houston. So we did make
the top ten of most forgetful cities when it comes
to leaving things behind in an Uber vehicle. All right,
do you feel better today? Coming up in our third
segment today, I'm talking about those of you that are
invested in the stock market, those of you who have
a four oh one K Do you feel better today.
(07:28):
Did you take a deep breath when you saw what
happened with Wall Street when Trump announced that he was
deferring terrorists for everybody but China for ninety days. I'm
thinking you probably did. We're going to talk to Jeff Junior,
who runs Trajan Wealth, about what kind of day or
what kind of a forty eight hour period he had
with himself and his company and how they deal with volatility,
(07:51):
because clearly we're in for some volatile times. We'll be
talking to him. In our third segment today, we'll do
more on the Trump the reaction to Trump did yesterday,
on the tariffs suspension and how people are reacting to
it and what appears to be the end goal for
President Trump. Coming up next, Jimmy bat Show. You're a
name of nine fifty kPr seat. All right, we're going
(08:32):
to talk about what President Trump did yesterday in rescinding
the tariffs for ninety days. We're postponing them, I guess
for ninety days. These are primarily for the countries who
came forward and said we really want to negotiate, and
let's talk. Please, let's talk. That does not include China,
because China's still trying to play hardball, even though I
(08:54):
think they're getting in a worse and worse position. As
it relates to that, we'll have a cut from person
and Trump here in a moment. I think President Trump
seems to be somewhat I guess to a certain extent
culturally sensitive to the fact that the Chinese, you know,
they're they're not used to negotiating with people. They're used
to dictating what it is that they want, So you know,
(09:16):
they're they're in an unusual spot. They're not quite sure
what to do. They don't have a lot of experience
with this. But last night on Sean Hennity's show, he
had on some staunch Republican senators, one of whom, of course,
was Senator John Kennedy, as you all know, my favorite
and Senator John. They were there to talk about a
variety of issues. But Senator Kennedy starts in this one
by talking about the Reconciliation Bill and how they're going
(09:39):
to try to get that pass, but quickly segues into tariffs.
He was really kind of critical of Trump's tariffs just
the other day when when the doll lost so much.
I think he said, like, reciprocal tariffs are like, you know,
two people punching each other in the eye. Both get hurt.
But now I think he's starting to understand. Again, you
need a reminder every now and again of what Trump
(10:00):
is all about, what it is he's really trying to accomplish.
Let's listen.
Speaker 1 (10:03):
Well, look, reconciliation is not quantum physics.
Speaker 2 (10:09):
It's about lower prices.
Speaker 1 (10:11):
To lower prices, John, You've got to do three things.
You've got to reduce government spending so you have less stimulus.
You've got to deregulate the economy so the price of
goods and services go down, and you have to design
your tax code that it looks like somebody designed it
on purpose to stimulate growth. Now, reconciliation allows us in
(10:36):
the Senate to do all three of those things with.
Speaker 2 (10:40):
Fifty one votes.
Speaker 7 (10:42):
And that's really all it is.
Speaker 1 (10:47):
I want to say a word though, about tariffs, because
that's sort of the fourth leg of this stool. I
think most fair minded people would agree with this. Other
countries have used trade barriers to take advantage of the
American people and American businesses. Number two, President Trump has
(11:10):
said enough, we would not be in this situation today
had he not been a pit bull by that, I mean,
there are one hundred and ninety five countries in the world.
Seventy are begging him to make a deal. To Mower cares,
he's like the pit bull though, who caught the car.
(11:32):
Here's what I don't know what the President's going to
do next. Here's what I hope he does next. I
hope he takes a deal. I hope he. I hope
he goes to He and Scott Bessett go to every
one of those countries and reduce those tariffs and trade
barriers down to zero and let American businesses compete with
those foreign business Competition makes us better.
Speaker 3 (11:55):
That is the key he makes in the key at
the end of that, the key of this. It's not
really as much about the terrorists as it is about
the trade barriers. And that's part of the negotiation. And
in order to get countries to wipe out their trade
barriers against the United States, the only way you can
do that is by threatening them with these tariffs. And
(12:18):
it's been it's highly effective. Now it hasn't been effective
yet with China. As I mentioned here is President Trump yesterday.
By the way, the Cudlow Panel is going to respond
to what the President said yesterday. But here's the president
right after this announcement came out about, you know, the
ninety days suspension on the tariffs for most of the countries,
but not for China, and he pointed out, as I
(12:39):
mentioned a few moments ago, that China is not used
to having to deal with something like this.
Speaker 8 (12:45):
China wants to make a deal. They just don't know
how quite to go about it. You know, it's one
of those things that are not quite the proud people.
And President she's a proud man. I know him very well,
and they don't know quite how to go about it,
but they'll think it out in the process of figuring out,
but they want to make a deal.
Speaker 2 (13:03):
I think it's going to work out amazing. I think
that our country is going to be at.
Speaker 8 (13:08):
The end of a year or shorter, but I think
we're going to have something that nobody would have dreamt possible.
Speaker 9 (13:13):
As I was looking at my usual chart of all
the reciprocal tariff charges, which I think are too high,
you said it worked, yeah, yes, And.
Speaker 10 (13:22):
I don't think those numbers ever mattered. And so all
the media that was focusing on the formula and what
were they thinking and Peter Navarro's crazy. There was a
method to their madness. Trump never cared about those numbers.
He put them in place to get people to the
negotiating table, and he got exactly what he wanted. Larry
and I think his sort of evil genius is playing
out in this whole process. You and I have talked
(13:43):
about why didn't he do the bill first and then
the tariffs. I think he had to do the tariffs
first to cause a little bit of the chaos that
would then force Congress to do the bill.
Speaker 9 (13:52):
Well, John Carney, you said all along that it was
going to work, including these reciprocal tariff charges, even though
the calculations blah blah blah. You've said all along, it's
going to work. Now this is the next step. Are
you okay with this next step?
Speaker 2 (14:06):
Yes?
Speaker 11 (14:07):
Pause, absolutely, Look what the whole point was to get
people to negotiate away their trade barriers.
Speaker 2 (14:14):
But the world.
Speaker 11 (14:14):
Should not look at this as Donald Trump saying I'm
not doing tariffs. If they do not lower their trade barriers,
the tariffs are coming back. I look at this as
kind of a Holy Week early Holy Week jubilee. Right,
everybody gets a little break, you know, we're going into Easter.
Then ninety days from now, which, by the way, is
(14:35):
July eighth, I believe, ninety days from now. So what
that means is Donald Trump on July fourth, the two
hundred and fiftieth anniversary of our revolution, will be able
to announce a big global deal with the rest.
Speaker 9 (14:48):
Of the big beautiful trade deal, big beautiful trade trade deal.
Speaker 11 (14:52):
Independence Stay for America, but Independence Day for the whole
world from China.
Speaker 2 (14:57):
Yeah.
Speaker 3 (14:58):
Independence Day from China. Ah, wouldn't that be something? Wouldn't
that be something?
Speaker 2 (15:06):
Yeah?
Speaker 3 (15:06):
But it's amazing how how the flip flop has begun.
I just I've been looking forward to tomorrow morning just
to hear what the mainstream media is saying all day today,
how they're trying to spin this now now. And I'm
also looking forward to seeing what Wall Street does with
the day today after the biggest one day gain in
stock market history yesterday almost three thousand points up. Yeah,
(15:29):
all those losses just kind of turned around in a hurry.
All right, One more for you. This is Capital Cardone
Capitol founder Grant Cardon with our Ingram talking about the
Trump strategy. He thinks it's working.
Speaker 12 (15:43):
Laura, first of all, congratulations for telling America not to panic.
Speaker 2 (15:46):
You were clearly right. The five trillion dollars.
Speaker 12 (15:48):
Hit for a one case today, So good well done.
Regarding the American people, they have been, you know, basically
programmed to believe that President Trump is you know, out
of bounds and when in truth, he's a genius in negotiating.
He is very calculating in how he negotiates. He understands
(16:09):
the art of the deal better than anyone, and he's
gotten results in a very short period of time.
Speaker 7 (16:15):
And so what he's doing.
Speaker 12 (16:16):
Is he's using a big bat that people don't understand.
Most people do not want to negotiate anything. None of
our presidents have in the past. And he's doing the
work that many presidents have failed to do because they
simply were not willing to rework the deal and grant.
Speaker 1 (16:32):
A Secretary Bessent made a quite a telling comment about
China earlier watched this.
Speaker 13 (16:38):
This was his strategy along and that you know, you
might even say that he go to China into a
bad position. They have shown themselves to the world to
be the bad actors. It wasn't a hard message, don't retaliate,
things will turn out well.
Speaker 7 (16:56):
Grant. What of that?
Speaker 12 (16:59):
Yes, I mean, look, what he's doing is he's creating
a supply magically without spending any money, creating a supply
of other countries that came to the table, Laura. He
basically needed decision makers to show interest and willingness and
urgency to come to a solution. He used his leverage
to get that. Those are the four things you need
(17:21):
in any negotiations.
Speaker 2 (17:22):
And President Trump.
Speaker 7 (17:23):
Knows he's better than anyone.
Speaker 12 (17:25):
This is why it's so important to get this reset
for America. These terroriffts will result in lower prices for Americans,
and this is what the media is not telling Americans.
We could actually get lower prices, we could get an
economy that is expanding. And I believe in the next
two months or less, he will come out with tax
breaks for the American people that will astound all of us,
(17:47):
both from the middle class all the way up to
the wealthy.
Speaker 3 (17:51):
And let's see what could he do that would astound
us well, no tips on waitresses, no taxes on overtime,
no taxes on Social Security. Yeah, there's a lot of
things he could do that he's hinted that he wants
to do. But obviously hasn't happened yet. And if he
does all those things, wow, I mean by this summer,
(18:15):
things could be we could be in a whole different
world around here. Quick little break, We're going to come
back with Jeff Junior from Trading Wealth. He'll talk to
us about what kind of seventy two hour period he's
had at his company. How I wonder how you know
his investors are reacting. We'll talk to him next year
on Name nine fifty KPRC and the Jimmy Fairtt Show.
(18:53):
All right, Jeff, jus, Jeff Junior's with us from Trading Wealth.
We wanted to talk to Jeff if no other reason.
I wanted to find out because I talk about Tradian
Wealth all the time on our morning program, and I
just kind of wanted to find out what the last
seventy two hours has been like for you.
Speaker 2 (19:08):
Jeff. What's it been like it's Trading Wealth.
Speaker 4 (19:12):
Well, good morning, Jimmy. We certainly appreciate everything that you
do for us. By the way it's been, Uh, it's
definitely been a roller culture, like I think it has
been for any other financial services firm or any investor
for that matter. It's hard to know exactly how this
is going to turn out and how countries are going
to react. The last few days, the market, as you saw,
saw pretty considerably, but yesterday we had a great We
(19:34):
had a great day.
Speaker 3 (19:34):
So so just you know, from the standpoint of your
client tele I know, you guys do a great job
of you consider yourself teachers, and I appreciate the fact that,
you know, you try to educate the people that you're
working with so that they hopefully don't feel like they
have to call the suicide hotline when the when the
Dow's down by a couple of thousand points. But I'm
(19:55):
sure there's got to be you have to have nervous investors,
and there were they blowing up your phone, Sarah about
two days ago when the when the market was down
so drastically.
Speaker 4 (20:05):
Yeah, certainly, and I appreciate you saying that. You know,
I say all the time that we do have hearts
at teachers, and we try to show that in our
interactions every day. But yeah, the phone has definitely been ringing.
I wouldn't say it's been ringing off the hook, but
it's been ringing. There's definitely a lot of concern out
there for good reason, you know, We haven't seen anything
like this within our lifetimes. The last time this happened
was way back in the nineteen thirties and nobody. Nobody
(20:28):
knows about that. When it happened back in the nineteen thirties,
the market remained stagnant for about twenty years after. So
it's very concerning if you are a student of history
knowing what happened. It looks like things are coming to terms,
you know, especially with this ninety day hiatus. Hopefully this
will give other countries an opportunity to come to the
table and negotiate and work things out with us.
Speaker 2 (20:49):
And help the overall economy.
Speaker 3 (20:52):
Yeah, clearly this is this is not about tariffs as
much as it's about trade at the end of the day,
that this is a negotiation tool in order to force
countries to say we want to talk, we want to
come to the table. So far seems to be working
with everybody except for China.
Speaker 4 (21:08):
Yeah, that's exactly right, without a doubt. You know, tariffs
are a way to get people talking. Tariffs are attacked
and when you raise taxes, just like when we get
our taxes raised, there's up roar.
Speaker 3 (21:20):
I'm wondering about the volatility factor. You know, we've been
through it's been pretty calm. The stock market has been
a pretty calm place here for the last you know,
the last five six years. Now, all of a sudden,
we have this great volatility. It has been it's been
brought on by this how what kind of strategies do
you employ? What kind of different strategies do you use
(21:41):
in a volatile market versus one this seems to be placid.
Speaker 4 (21:45):
Yeah, that's within the last five years, you know, excluding
this recent volatility, the market's up one hundred percent. And
investors really do have short term memories when it comes
to the market. I think that twenty returns year over
year are going to be a constant and there's no
turning that back. But we invest into companies that are stable,
(22:06):
that we believe have a wide what we call moat.
A moat is lesser competition from other companies, and so
we really have always avoided companies that could be affected
on the geopolitical front, ones that have to depend on
trade or supplies coming into the country going out of
(22:28):
the country, tariffs, et cetera, et cetera. So we avoid retail,
we avoid autos, we avoid furniture, things like that, and
I'd say to all of the investors, this is really
a good opportunity to look at your portfolio and see
if you have investments inside that are super sensitive to
these tariff talks and geopolitical talks, and it's a good
(22:49):
time to rebalance your portfolio and get out of some
of that stuff.
Speaker 3 (22:52):
You know, for those who've had main investment in a
four oh one K, then hopefully is under their control,
because I know that's one of the things you always
advise if you have a four oh one K with
a former layer, you don't want it with the former employer.
You want control of that yourself. But those things are
generally invested in a whole variety of things. Can you
take a look at your four oh one K and
pick and choose where maybe you need to make a
few changes based on the volatility factor?
Speaker 4 (23:15):
Yeah, it depends on the four a one K. Many
four to one k's. I'd say most four to one
k's have limited investment options. And those limited investment options
are going to give you maybe a handful of mutual funds.
And the premise of a mutual fund is within one
mutual fund, you own a couple hundred companies, so it's
alter diversified. But that can be incredibly problematic as well
because you don't totally know what that mutual fund is
investing into. So investors can look into their mutual funds.
(23:38):
They can also lean on trading wealth as a resource
to look and look into those mutual funds if they
don't have an ability to move that four oh one K.
But it's a testament to just what you said. If
you do have a four to oh one K and
you're no longer working for the employer, it's incredibly important
to roll that over into an IRA. And the reason
for that is because you can diversify that IRA and
(24:00):
you can put it into specific investments that a four
oh one K just doesn't give you access to.
Speaker 3 (24:06):
Okay, that's good advice. I'm wondering too, from the standpoint
of the future down the road. I know that you
folks put a lot of effort into did you have
a crystal ball or nobody?
Speaker 2 (24:18):
Nobody?
Speaker 3 (24:18):
Last I heard, nobody at your organization is psychic. But
I thank you folks. You tried to look forward and
try to figure out what what is the next big thing,
Where's the next place that we should be looking as
far as investing, have you identified a couple of places
that you think are quote unquote the next big things?
Speaker 4 (24:36):
No, I wouldn't say there's any you know, I think
you hit the nail on the head. Nobody is psychic.
Speaker 2 (24:40):
I wouldn't say.
Speaker 4 (24:41):
There's a next big thing. But we are long term
investors and we do believe in proper diversification by investing
in companies that have wide motes around them that can't
get hurt considerably by things that like what's happening right
now with these tariff talks. So it's really a matter
of understanding what investments you have an eye on them,
making changes to your overall portfolio, but at the end
(25:03):
of the day, buying good quality companies that is going
to ultimately make you money for the long run. And
I'd say that we're hyper bullish on the United States
regardless of what's going on in the political climate right now.
Speaker 3 (25:16):
Let me ask you about cryptocurrency. Where you find some
folks add on cryptocurrency. Is this a worthwhile investment, something
people should consider, something people should just dabble in if
they want to try to put their pinky dough in.
Speaker 4 (25:29):
There are strong opinions across the board from stay away
from it to put everything you possibly can in it.
I don't know a lot about it. We don't have,
you know, I wouldn't say I wouldn't say to put
a lot in it because it is a fairly new
currency and it's a fairly new investment overall. During the
twenty twenty crisis, one thing that had been presented to
(25:53):
us about cryptocurrency is it's going to be uncorrelated to
the stock market, meaning if stock market drops, the cryptocurrency
is going to remain strong or even go up. During
twenty twenty, during COVID, that work to be the opposite.
So I'm a little skeptical just because it's so new,
but I would say still use it as a diversification
tool because it is. It does have some good qualities
(26:14):
to it, for sure, and the main quality is to
eliminate some of this government and invention that you see
is going on.
Speaker 3 (26:19):
Now right right? How about persons mentals? Where do you
folks stand on that.
Speaker 4 (26:25):
I've never been a big fan of precious metals only
because the return historically hasn't been nearly a strong as stocks,
and it's sold as a safe haven, meaning if the
world goes to heck in a handbasket.
Speaker 2 (26:39):
At least you have this gold.
Speaker 4 (26:40):
Well, the problem with that is, what are you going
to do with the gold? Are you going to throw
it at somebody? Are you going to beat somebody upside
the head? Are you going to are you going to
cut a chunk of it off at the grocery store. Regardless,
with gold, you have to redeem it for dollars, and
those dollars will then purchase you something. So I'm never
I've never been a big fan of gold in our
company stands.
Speaker 2 (27:00):
Behind that, gotcha?
Speaker 4 (27:01):
Okay? In general?
Speaker 3 (27:03):
All right, all right, trying to think of what else
I want to run by you here, I'm going to
I'm running through my entire checklist with you. I don't
normally I don't for the record, I don't normally get
tim as with Jeff Junior from from tras well.
Speaker 2 (27:14):
So I'm I'm going through money. You're right, we should.
Speaker 3 (27:18):
Uh so, I'm just kind of going through my want
why not, Well, we'll have to work on doing something
like that. I've enjoying this very much. So at the
end of the day, here, cash, CDs, those types of
investments for the people who are really timid. Are we
finally back Do you think we're We're at a good
time for people who who really, you know, need to
(27:39):
be able to get their hands on their money. They
weren't doing it any sort of CD investments before because
they were afraid that well, they weren't making any interest
on the money, and therefore they weren't growing their money.
That mercifully has changed a little bit. Where do you
folks stand on and those types of investments right now?
Speaker 4 (27:58):
It depends on what you're investing for. If you're just
overly timid and you're overly sensitive to any kind of
market fluctuations, the best place to have it is probably
in a high yield savings account or a CD or
a money market that's paying a little bit more interest
than having it under the mattress. The problem with having
your money under a mattress is, let's say your house
burns down, Well, there goes your money too. At least
(28:18):
have it in a safe spot that can earn a
little bit of interest. Interest rates are fairly high in
the big scheme of things, so I'd advocate, if you're
very timid, to put it into a highield savings account
or a CD, But I'd even be a bigger advocate
to not look at your investments and actually put it
into full blown investments, a broad diversified portfolio. Now I
(28:40):
know I'm biased, but i'd say a full diversified portfolio
of Trajan Wealth.
Speaker 3 (28:45):
Oh well, of course you would. I would expect you to. Yeah, Ji,
pleasure to talk to you, sir. Thank you for your
time today. I sure do appreciate it.
Speaker 2 (28:53):
Pleasure to speak to you.
Speaker 4 (28:54):
Thank you.
Speaker 2 (28:54):
You bet.
Speaker 3 (28:55):
Jeff Junior from Trajan Wealth back with more in a
moment Jimmy Bart Show. You're auning of ninepr See.
Speaker 2 (29:15):
All right, let's see we covered, we covered the tariffs.
Speaker 3 (29:17):
Thanks again to Jeff Junior for coming on the show today.
Is a busy guy. We've covered uh, We've covered the
six Ways of Sunday. We covered the tariffs and the
reaction to it and all that.
Speaker 2 (29:27):
So let's talk.
Speaker 3 (29:28):
Let's talk a little bit about crime, because this is
this is happening. I don't want to say unnoticed, because
it's not unnoticed, but it's not getting as much play
as you think it probably would otherwise, just because there's
so much news around Trump and the tariffs and all
the things that go along with that Pam Bondy and
(29:49):
Cash Pateel yesterday in Florida where they had a drug
bust to the tune of over five hundred million do
worth of drugs and the people distributing those drugs. We
know what a huge problem we have with drugs, especially
(30:10):
fentanol in this country. So the fact that we are
getting tough with these people makes me feel better. That's
for sure. We have huge crime problems. I don't think
the problem is the police enforcement. I don't think the
problem is the FBI anymore. The problem is judges. But
we'll get that a second.
Speaker 2 (30:27):
First.
Speaker 3 (30:27):
Here's Pambody the Bond depart being in Cash Pattel yesterday
in Florida.
Speaker 7 (30:33):
Thank you all for being here today.
Speaker 14 (30:34):
Today's operation is an example of the unprecedented collaboration between
the military and the Justice of Department of Justice components
working closely with the US Coast Guard. And look at
all these great men and women in the Coast Guard.
Thank you so much for your dedication. This is a
(30:56):
text book example of the Justice Department and supporting the
fight against violent crime. These drugs are worth over half
a billion dollars forty almost forty five thousand pounds of cocaine,
pure cocaine uncut, and thirty eight hundred pounds of marijuana.
(31:22):
Congratulations again to the Coastguard. You have done incredible work,
Admiral and your team Captain in securing these drugs.
Speaker 7 (31:32):
Thank you all for being here. General Bondi, we're.
Speaker 15 (31:36):
Here today because of your dedicated leadership to safeguard American lives,
because you have the courage to follow President Trump's courage
to put our children first and to make sure that
the narco traffickers. And make no mistake, this administration has
labeled them foreign terrorist organizations.
Speaker 7 (31:55):
Because that's what they are.
Speaker 15 (31:57):
There is no lethal force on planet Earth that is
responsible for an overdose death of an American citizen every
seven minutes more so than these federal terrorist organizations foreign
terrorist organizations. We are humbled to be a part of
this Department of Justice and we're going to continue to
safeguard our streets.
Speaker 7 (32:19):
This is what it looks like when the.
Speaker 15 (32:22):
United States whole of government approach brings every resource to
bear from the Department of Defense in the United States
Coast Guard, from HSI, from FBI.
Speaker 7 (32:32):
From DEA, and so many others.
Speaker 15 (32:35):
They are going to get all the drugs off the streets,
off the markets, and as Attorney General Bondi said, we
are going to lock them up.
Speaker 3 (32:44):
Yeah, okay, you're never going to get all that stuff. Okay,
You're just not. But it certainly does nice. It certainly
is nice to see the level of cooperation that now
exists in the Department of Justice and getting back to
the function of that department fighting crime, fighting real crime,
not fighting political crime, fighting real crime for goodness sakes,
(33:06):
So that part of it is very, very nice to see.
Speaking of crime, Mayor John Whitmeyer says, we currently here
in Houston, we have nine hundred that's not nine or
ninety nine hundred people charged with murder who are out
on bond. Nine hundred, nine hundred. That's insane. That is
(33:34):
absolutely insane. And some of these people, as we know
too well because we've done plenty of these stories, unfortunately,
some of these people out on bond commit other murders
and some of them get out again. And yet that's
the justice system we currently have with the judges that
we have in place in big cities like Houston, in
(33:55):
these blue cities like Houston. We have got to do
something about this. And I'm frustrated because you know, the
only way to fix the problem is to get rid
of the judges, and the only way to get rid
of the judges is to vote them out. And unfortunately,
we despite all the publicity about this stuff, we don't
have enough people who can put two and two together
and figure out what the problem is. At least based
(34:18):
on the last couple of elections, we don't. So we
got a lot of work to do in order to
be able to turn that situation around. And one more
I guess maybe this will make us feel a little
bit better. At least they aren't sending the National Guard
into Houston because of crime. I mean, we've got our
fair share of crime problems, but nothing like Albuquerque, New Mexico.
I'm surprised by that. Albuquerque. Yeah, Albuquerque, New Mexico. The governor,
(34:43):
and she's a Democrat, she's a lib The governor of
New Mexico sending the National Guard into Albuquerque to help
fight crime because the fetanyl problem there is so bad
and the crime problem is so bad the police department
has overrun it needs help. That should tell you a
lot about where we're at as far as violence and
crime in our big cities.
Speaker 2 (35:03):
We're all right. Listen.
Speaker 3 (35:04):
Enough of that for the day. You have a great day.
Thank you for listening. I hope to see you tomorrow morning,
bright early at five AM over our news radio seven KTRH.
We are back here at four on AM nine fifty KTRC.
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