March 20, 2025 • 29 mins
Mo Kelly is in for Bill Handel while he is out on vacation. Host of ‘How to Money’ Joel Larsgaard joins the show to discuss more people thinking with their portfolios given the volatility in the stock market, whether using federal land to add housing stock could reduce prices, and Harvard announcing tuition will be free for families making less than $200k a year. There are two kinds of credit cards… yet another way the poor are subsidizing the rich. UCLA plays Utah State in opening round of NCAA Tournament.
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Episode Transcript
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Speaker 1 (00:00):
You're listenings camp I am six forty the Bill Handles
Show on demand on the iHeartRadio app.
Speaker 2 (00:07):
You are listening to the Bill handle Show.
Speaker 3 (00:10):
Here's Mo Kelly camp.
Speaker 4 (00:12):
I am s exporting well ive everywhere on the iHeartRadio App.
I feel so at home. It's a nice, warm welcome.
Thank you, Bill.
Speaker 3 (00:19):
I'll be here with you today and tomorrow.
Speaker 4 (00:22):
Right now, let's talk about money, because I need to
learn a little bit more about how the money with
Joel Larsgard. Friend, I haven't talked to you in such
a long time. How you been, Joel?
Speaker 2 (00:31):
It's been too long.
Speaker 3 (00:32):
Bo I miss you. You complete me.
Speaker 2 (00:35):
I feel the same brothers with you.
Speaker 5 (00:37):
I know.
Speaker 4 (00:39):
I have been thinking about the economic uncertainty for quite
some time, and I wonder what's going to happen to
my four one k by pension. And there are people
out there with three fifty sevens all sorts of retirement accounts.
Speaker 3 (00:52):
In me, I'm just speaking for me.
Speaker 4 (00:54):
I was moving stuff around because I was concerned about
the stock volatility.
Speaker 3 (00:59):
We see what has happened in the past couple of months.
Speaker 4 (01:01):
We've gone from about forty five thousand Dow Jones down
to forty one thousand, I move stocks to bonds?
Speaker 3 (01:07):
Am I alone in the concern? And also my.
Speaker 2 (01:11):
Response, no, no, you're not at all.
Speaker 6 (01:14):
And the Wall Street Journal had an article this week
specifically highlighting people who are kind of changing up their
portfolio similar to what you're doing, in light of kind
of the economic uncertainty and the volatility in the stock market.
Speaker 2 (01:26):
And it's interesting.
Speaker 6 (01:27):
I think people are saying, I feel like I'm a
little too exposed to stocks in particular, and so they're
opting to, you know, instead, sell a little bit of
their stockholdings, migrate a little bit towards gold and cash.
And it just takes me back though to two thousand
and eight when I first started working in radio, and
I remember talking to a coworker who was and I
(01:51):
was like, literally just in the beginning days of investing.
I think it was like my second year on the job,
and one of my coches was saying, oh my gosh,
the stock market is in freefall, Like what what do
I do? And I basically my advice to him was
stay the course, Like if you sell, how will you
know when to buy back? Think even of the recent
twenty twenty COVID downturn of the stock market. There were predictions,
(02:13):
dismal predictions from really smart people, that the stock market
was going to keep cratering. Think about how long it
lasted ultimately, and how quick the recovery was. I'm worried
that friend that I talked to back in the day,
he did make significant changes. And it's just once you
start selling, once you start tinkering, just because the emotions
are running hot, it's really hard to know when you
(02:35):
go back in and take on more stock exposure, if
you ever do. And I think for most people making
those changes, it's more emotion than it is science.
Speaker 2 (02:44):
And I don't think that's a smart response.
Speaker 3 (02:46):
You make a great point.
Speaker 4 (02:47):
Emotion is inextricably linked to our money. And when you
mentioned two thousand and eight, that strikes a chord with me,
because in two thousand and eight was the beginning, obviously
of the Great Recession. I remember I had just purchased
a townhouse in two thousand and six for three hundred
and forty thousand.
Speaker 3 (03:06):
By two thousand and.
Speaker 4 (03:07):
Eight it was worth like one hundred and twelve thousand,
and I was going through foreclosure. It was the worst
economic time of my life. I say all that to
say for a lot of people, this is a time
in which they don't want to go through what they
went through with two thousand and eight.
Speaker 3 (03:21):
I don't have the time to start over eighty more.
Speaker 4 (03:23):
I'm too old in that regard what other types of
considerations you may think people are making right about now,
beyond just this particular moment.
Speaker 6 (03:33):
I think it's important to note two things here. One,
you know, we've experienced what's called a correction in the
stock market, so where the S and P is down
ten percent essentially from its height, and there was already
a lot of talk about over valued stocks, and so
I think there was room for correction anyway. And then
when you talk about the tariffs, the kind of whiplash
(03:54):
the tariffs that were and then that weren't and then
that are going to be, that is causing a lot
of uncertainty for businesses, and so it makes sense that
we've seen a ten percent correction in stocks. Where do
things go from here? I don't have a crystal ball.
I don't know, but it doesn't feel like from everything
else that we're seeing when it comes to economic readings, unemployment,
(04:16):
kind of where things stand, consumer spending, that we're headed
for some sort of dramatic recession or anything like that.
Speaker 2 (04:22):
We could be right, It's hard to predict. I think
the most.
Speaker 6 (04:25):
Important thing for people who are out there investing right
now and they're close to retirement, you have to have
a portfolio construction that allows you to sleep at night.
And if you are, if you're freaking out over a
ten percent drop in stocks, well then you're probably too
stock heavy. If you are, If you're worried, right, if
(04:46):
you're not sleeping a night, if you're checking your portfolio constantly, well,
one piece of advice I have for folks is to
check your portfolio less. And that sounds maybe like sticking
your head in the sand, but I think it's I
think it's the opposite. I think when you're constantly paying attention,
when you're vigilant to every move you're over, you're more
likely to freak out over the little machinations that really
(05:07):
have very little outcome on your ultimate ability to live
a good life. So if you have stayed the course
and you've been a good investor for a long time,
just make sure that your portfolio is aligned with your
ability to sleep. And so for some people that might
mean think about in twenty twenty think back what you
did five years ago. If you were making significant changes,
(05:27):
then it means, yeah, your portfolio wasn't constructed for potential
significant losses. You need to have a balance in your
portfolio that allows you to have some more diversification so
that you're not over indexed towards stocks, so that you're
freaking out when the stock market does heed decline, because
that's the great I think people have gotten used to,
except for with the exception of that twenty twenty COVID
(05:48):
dip in twenty twenty two, the stock market essentially being
kind of like a high old savings account that just
returns a lot more and that feels good, right, It
feels good to see your networth shoot up this correction,
that the stock market are normal, something like this is
like completely normal in a given year, And so I
do think that that the handwringing is probably overwrought.
Speaker 4 (06:08):
You said the R word as in recession. There have
been more and more discussions about whether we are on
the path to a recession or not. Definitionally, you already
know this recession means two quarters of consecutive quarters of
negative GDP growth. I'm asking you, Joel Larsgard if obviously,
if we're in a recession, that means we've already been
(06:29):
sliding down that hill for a while to get those
two consecutive quarters of negative growth. So there are indicators
prior to that. What are you looking forward to say, Hey,
we are on our path to something economically disastrous.
Speaker 2 (06:43):
Yeah.
Speaker 6 (06:43):
I think right now all eyes are on policy coming
out of Washington, DC. And it's interesting. One economist was
recently quoted. He said something like this could be the
only recession that was completely avoidable and essential, like it
could have been changed any moment in time. And it
feels like tariff policy and some of the economic just
(07:06):
decisions coming out of the White House are those are
the things that could kind of push us towards a
recession that wasn't likely in the first place. Man, it
makes me think just a couple of years ago, though
I think it is probably a year and a half ago,
Bloomberg had an article and they said all signs point
one hundred percent likelihood of recession coming. They literally said
(07:27):
one hundred percent, Our indicators are lighting read a recession
is on the way. And that recession didn't materialize. So
there's another saying that economists have predicted nine out of
the last four recessions. There's always talk of recession, right,
It's like this is something that's what else do economists
do except for talk about the recession that's coming that
doesn't end up materializing. There's always reason to be fearful,
(07:47):
But what we don't think about typically is the hope
and how resilient companies are even in the face of
uncertainty and new policy coming out of Washington, d C.
These are new hurdles to jump, but the American economy
is nothing if not resist and I think especially especially
for younger listeners out there who are tuning in and
they're like, I'm kind of worried.
Speaker 2 (08:06):
Well, the cool thing about a.
Speaker 6 (08:08):
Drop in stock prices is that you're able to buy
stocks on sale. I'm a big fan of dollar cost averaging.
So if you're in your twenties, thirties, forties, you should
just just keep buying, as my friend Nick says, and
just kind of every two weeks with your paycheck, just
keep scooping up more and more, and if prices go down,
that shouldn't worry you.
Speaker 2 (08:25):
That should excite you that you're buying on sale.
Speaker 4 (08:28):
That is great, great advice, and I guess right now
is Joel Larsgard. He's the host of How to Money,
which is airing on here on CAFI Sundays from twelve
to two pm. Joel, the supposed possible connection between federal
land and the housing market. Is there a way in
which we could use federal land to make more housing
(08:51):
type landscape available for just housing in general. Is there
a way that we can combine the two.
Speaker 2 (08:59):
Yeah, there is.
Speaker 6 (09:00):
There's been this proposal from the Interior Department and HUD
to basically say, hey, we as the federal government, we
have hundreds of millions of acres of federal land and
we're kind of sitting on it, and some of it
really could be built on to ease the housing crisis.
And if you've been following what's going on with kind
of the lack of construction and the lack of new
(09:22):
units being built that has created a real problem in
this country of affordability. Yeah, it's higher interest rates, but
it's also just a lack of supply and some estimates
say that we're three or four million home shy of
what we need to kind of fix the problem. And
so this is one of the things I've kind of
been harsh on the Trump administration when it comes to
(09:42):
some of their economic policies. This is one of those things, though,
that I can get behind to say, Hey, we're going
to open up some of these some of these acres
of federal land. We're going to streamline the process and
make it easier for affordable units to be built to
be built, and I think that could over time. This
is one of those you don't write the ship in
mere weeks or months. This is going to take time
(10:05):
because the housing market, it doesn't turn on a dime.
But I think it's just great news, and I think
it's kind of where we need to be headed, at
least at least it's part of the solution.
Speaker 4 (10:13):
Just to be clear, it's federal land, but would it
be loaned or made available to private developers or would
the federal government still be in charge of creating these
housing developments or units.
Speaker 6 (10:27):
They've talked about like transferring or leasing the land to
public housing authorities, different nonprofits, and local governments. So it's
not going to be the federal government itself building these units.
They're going to find partners who are kind of closer
to the ground, who are who they're going to vet
in order to build these units. Interesting thing too, is
(10:50):
like how close are these units to the most expensive places?
Speaker 3 (10:53):
Where?
Speaker 2 (10:54):
Where are you?
Speaker 6 (10:55):
Which lands are going to get built on? And it
seems like some of this land is going to be
more rural right in nature. So I guess in places
like California, in southern California, that might not be a
you might not see a relief in home prices really
soon because of this, But it does make me think
like they're if you've been following kind of what's happening
in Austin, Austin has rolled back the red tape when
(11:19):
it comes to the how much, you know, how much
it takes to get done, to get some things built.
They've basically made it easier to build multi family units
on single family residential lots that were formally formally sown
for single family and it's been amazing.
Speaker 2 (11:34):
Austin's been a boom town.
Speaker 6 (11:35):
I was just there last week and they're putting up
apartments right and left, and already rents have declined twenty
two percent from like what I'm calling peak Austin just
over a year ago. So this boom and building when
we really do kind of cut back and roll back
some of this red tape. When we increase supply. It's
amazing how incredibly expensive Austin was becoming. But when we
(11:55):
just make it easier for people to build units, which
is far from the case here in the state of California,
When we make it easier for people to build, for
builders to get in there, they you know, it might
be the person in the single family home next door
might say, I don't really want a quadplex next door
to me, because that's that's the NIMBI.
Speaker 2 (12:11):
Movement right not in my backyard. I don't want that
thing next door.
Speaker 6 (12:14):
But ultimately it's best for all of us, and it
might not be as productionary to your home price, but
it's going to be better for young people who are
trying to buy their first home.
Speaker 4 (12:23):
Let's go back to what we were talking about last
secondent about this idea of an approaching recession. How much
of the pie is the housing market in the assessment
in the health of our economy.
Speaker 6 (12:35):
Yeah, I mean, the housing market matters a lot. And
what happens with the housing market is also anybody's guess.
It's because we have that lack of supply just overall,
but then a lack of people putting their homes on
the market, because when you have a two point eight
to seventy five percent mortgage, even if you want to move,
you don't because you don't want to buy something else
(12:56):
with a seven percent rate. And so the real estate
market's kind of been on lockdown in some ways, and
it's kind of kept prices high. But at some point
people are going to get used to these seven percent rates,
because I think the three percent rates were essentially a
vanishing thing, Like, I don't think we're going back to
that era. A lot of real estate agents have been
(13:17):
telling people by the house date, the rate, that kind
of thing, and it's like, well, I don't know. You
don't want to plan on or bank on the fact
that you're going to be able to refinance next year
at a five percent rate, because that hasn't materialized. And
I'm worried about people planning in that way and not
being able to and being stuck with a higher than
the mortgage than they can actually afford. So be careful
(13:39):
on that front. But yeah, what happens with the housing market,
I could see a slide in prices, especially the longer
we're in this era. Of seven percent rates the stickier.
That is, at some point people just say I have
to move. I've got to go somewhere. More people are
listing their homes and we could see. I think the
predictions for housing price increases this year are essentially non existent.
(14:00):
And if you think just a few years ago when
how home prices were rising like wildfire like that era is.
Speaker 4 (14:06):
Over last question, Joel, and I think you kind of
tipped off where I was going with this. I wonder,
given that interest rates for real estate purchasing real estate
will probably never go back to the three percent, as
you said, I thought it was artificially deflated because of
COVID and other issues, those days are gone. When I
(14:28):
bought my first place back in I don't know, two
thousand and three was like a seven percent interest rate,
So that is normal for me. But having said that,
have we also changed in the sense that the idea
of the American dream and using homes purchase of real
estate as a way of generating wealth in a generational sense,
(14:50):
is that time also gone?
Speaker 2 (14:52):
I kind of hope so.
Speaker 6 (14:53):
And it's not that I'm against people having value creation
in their home. It's kind of a method of savings
and you know, when you think about the average Americans
net worth, the substantial amount of it is tied up
if they're a homeowner, in the value of that home,
especially if they bought a decade ago. But I think,
especially now, when you look at the discrepancy between what
(15:15):
you're going to pay taking out a mortgage on that
new house versus the rent you would pay for something similar,
the GAP's never been wider. And so I get the
desire to own your own place. And I don't want
to tell people who want to do that that it's
a bad idea, because I don't think it's a bad idea.
I just think you have to be aware. You've been
taught for so long, we've kind of been brainwashed that
(15:36):
buying the home that's the next step to adulthood, that's
the next step to wealth building. And I think for
a lot of people, renting can be a great step
to wealth building because you're really minimizing your monthly outflow
and renting for longer can make a whole lot of sense,
especially if it allows you to invest more of those dollars.
Think about what you would have spent on the mortgage.
(15:57):
Just price it out. So I was looking at a
house in this price range at this interest rate, what
would I be for working over? And think about what
you're working over in rent right now, See what the
gap is. If you can invest that money, you're going
to come out ahead over time. And so I do think, yeah,
renting is kind of undervalued. It's and I hope that
kind of the discussion around renting versus home buying is
(16:20):
changing because I think it's not only possible, but it
might be easier to build wealth as a renter these days.
Speaker 3 (16:26):
Real quickly.
Speaker 4 (16:27):
We didn't have time to get to it, but we
also had the opportunity to possibly talk about how Harvard
had just announced that tuition will be free for families
making less than two hundred thousand dollars a year. I
only bring that up because that's usually a consideration for
families usually taking out a second mortgage or pulling out
equity of their house to send.
Speaker 3 (16:44):
People to college. What about that? Then you lose that
option as a renter, don't you.
Speaker 2 (16:50):
Well that's yeah, you lose that.
Speaker 6 (16:51):
But you got to then funnel some of those money,
those investment dollars into like a five twenty nine account
plan ahead for your kids' school But the thing is,
I think five to twenty nine accounts can be great,
but I think they also might be They might be
over considered too if you're not saving enough and investing
enough for your own retirement. The five twenty nine is
a great plan. It's gotten more flexible. Just don't prioritize
(17:12):
that above your own saving for your own future. Because
they're scholarships available, and look at what Harvard just did
and look what other schools are doing. It's actually the
sticker price of college has gone up, the actual price
people are paying has gone down. That's something that hasn't
been talked about very much. There's kind of data about
the post discount rate, and so it's actually getting less
expensive to go to college these days. So the first
time in a long time. Part of that's the COVID factor, right,
(17:35):
that people are just not going to college in the
same numbers as they were, and so it is putting
downward price pressure on a higher education. I think that's
a good thing, and I think it's good that people
these colleges are prioritizing free education for people who don't
make ridiculous sums of money.
Speaker 4 (17:51):
How to Money with Joel Larsguard airs every Sunday from
twelve to two pm. You can find Joel Larsguard at
How to Money Joel. Joel has been way too long.
Hopefully we get to do it again sometime soon.
Speaker 2 (18:02):
For sure, let's do it.
Speaker 4 (18:03):
Moh And, since I'm sitting in the big chair, as
they say, I get the opportunity to talk to you
about some things that maybe Bill wouldn't talk about.
Speaker 3 (18:11):
I love sports. I love to talk about sports.
Speaker 4 (18:14):
It's one of those things which are woven through my
life in every way. I'm a Lakers fan, not a
Clippers fan. No just disrespect to our partner station AM
five seventy LA Sports, the voice of the Clippers.
Speaker 3 (18:28):
I am a Rams fan, not a Chargers fan.
Speaker 4 (18:32):
No disrespect Chargers, but you're not a real I know,
I know they're not a real LA team. And you
know Shannon Farren, who'll probably have something to say about
that as a forty nine Ers fan, much disrespect to
her and her fans. I met that, I said it,
I meant it. I'm a Kigs fan, not a Ducks fan.
I'm a Dodgers fan, not an Angels fan. And I'm
(18:54):
a USC fan, not a UCLA fan. Having said all
that March Madness, and I'm an alumni of Georgetown University
in Washington, DC. We used to be known for basketball,
not so much anymore. For the past ten years, we've
been pretty horrible, not even sniffing the tournament for the
(19:16):
most part. So March Madness is a very, very difficult
time for me. My singular rooting interest usually is Georgetown University.
Speaker 3 (19:26):
They're not in the tournament.
Speaker 4 (19:28):
I have a lot of misgivings as far as following
the tournament.
Speaker 3 (19:32):
When they would make the tournament, I'd.
Speaker 4 (19:34):
Have to turn off the TV inevitably when they would
get ousted from the tournament.
Speaker 3 (19:39):
It just hurt to watch.
Speaker 4 (19:40):
So right now I am a fan without a team,
and Kno, I have to look to you because I
haven't even filled out a bracket because I'm so hurt.
I don't have anyone to root for. Does that stop you?
Do you have a singular team that you support, Let's do.
Speaker 5 (19:55):
It, mo.
Speaker 7 (19:56):
I have twenty two brackets filled out, so twenty two.
Speaker 3 (19:59):
Thank got you.
Speaker 7 (20:00):
I don't have a particular favorite because I'm a USC again.
Same although UCLA is usually the basketball for LA right
and they are in the tournament, and uh, it's gonna
be tough one. It's gonna be a tough opening for them. Duke, Florida, Houston.
It's hard to go against Chalk in this tournament, so.
Speaker 4 (20:18):
I'm picking Chalk for the most part the final four.
Noting UCLA plays Utah State in the opening round of
the tournament today, Yes, I could root for UCLA, but
I don't think they're going to go that far. No disrespect,
just being realistic. My final four is probably going to
be Duke, who I can't stand. But I'm going to
look at the talent of the teams. Looking at Duke Houston,
(20:41):
I think Auburn and maybe one other. I don't know,
but I think it's gonna be mostly Chalk. I don't
expect a lot of upsets when it comes down to
the Elite eight and final four. There may be some
early upsets, but I think the talent is going to
win out the rest of the way.
Speaker 7 (20:58):
It's definitely hard this year for me to go against Duke.
I've watched way more Duke this year than I ever
have in my life. They've scored maybe four games or
five over one hundred points. Yes, but the big thing
for me about them is they don't talk trash. They'll
be up by thirty, hit a three, and just right
back down the court like cerebral and let's go on
(21:19):
to the next play, which is very rare in college.
It's more like let's get into your head type thing,
and I don't see that at a Duke. It's more like,
let's just move on.
Speaker 4 (21:27):
I played high school ball South Torrents High School, and
I'm from an era which I'd never talk trash on
the court. I would just rather play. I'm not a
Duke fan, but I'm a fan of how they play,
and you brought up a great point. Duke is all business,
and I don't like today's college game and NBA game
(21:49):
by and large because of all the trash talk, because
of all the preening. Yes, you made a three point shot,
but you're down by fifteen. Don't talk to me about
ice water in your veins. You made one shot, how
about making a defensive stop, how about making two or
three plays get your team back in the game, and
not pream and just do what you need to do
(22:10):
to help your team win. I understand there's some strategy
as far as trash talk getting in your opponent's head,
but there's a time to shut up and play and
let your play do the talking.
Speaker 3 (22:21):
You mentioned Duke.
Speaker 4 (22:22):
I am interested to see Cooper Flagg, who is the
freshman who's expected to be the number one overall pick
in the draft if you should come out early. There's
no indication that he won't. I'm interested to see if
his game translates from the college to the professional level.
Speaker 3 (22:38):
If you look at the history.
Speaker 4 (22:39):
Of Duke draftees, they have not, by and larged large
lived up to the hype or the NBA game. I
don't know if his game translates. I'm hopeful because I
like his game. I like the way that he plays.
He he's a big quote unquote guard forward. He can pass,
he can shoot, he can drive, can finish, he can
(23:00):
create his own shot. Everything that I see says that
he will be a star eventually on the pro level.
Speaker 3 (23:07):
I don't think he'll be an immediate.
Speaker 4 (23:09):
Star, because when you come out after your freshman year
freshman season, you're still only nineteen twenty at most, and
there's an adjustment because the year before you played high
school ball and the year next you're playing pro ball,
and he's not even grown into his grown man body.
We all know that men are still growing filling out
their frames in their early twenties, so there's still some
(23:32):
physical growth for Cooper Flag to do. But that's what
I'm looking at in this tournament, which is basically a
pre NBA look for a lot of these players. And
this is something else before we go to break that
this tournament does not have that previous ones in previous
decades would have storylines. We would know the players, we
(23:55):
would know because they were at the same university for
two or three years.
Speaker 3 (24:00):
Very good. They don't stay that long.
Speaker 4 (24:01):
So we're just talking about the universities and their history,
the brand, and less so about the individual players. I
can't tell you the name of any Houston player or
Auburn player. I can tell you a couple names of
duke players. I can tell you a couple names of
the UCLA players. I can talk about the history of
the programs and their success in the tournament and how
(24:22):
many titles they've won. But because of the transfer portal
and players can go here and they're every single season
and play immediately, they are less inclined to stay with
one university. So when the tournament comes around, it doesn't
have the same type of Magic, if only because you're
not going to have a Magic Johnson Larry Bird matchup,
(24:43):
because no one that talented is going to stay that long,
and that's unfortunate for the tournament itself. But as I
said earlier, UCLA is playing Utah State in the opening
round of the NC Tournament later on this evening, and
if I'm awake at that time, because it's gonna go
home and take mine behind to sleep, I'll be sure
to watch.
Speaker 3 (25:03):
Now. Is there any game that you're watching today?
Speaker 7 (25:05):
Cono, for sure, I'm actually interested in this Perdue high Point.
High Point is an upset favorite to beat Purdue.
Speaker 3 (25:12):
Is that a five to twelve game?
Speaker 7 (25:13):
That is a five to twelve game? And I can't
remember the later games, but I think in Zaga Georgia
might be tonight and that's gonna be another good game.
Speaker 4 (25:23):
I just got to let you know because I've always
been cussed out by their fans. It's going Zaga, Zags Zaga,
like it's not Nevada's Nevada.
Speaker 7 (25:33):
It's gone Zaga, my bad Gonzaga.
Speaker 4 (25:36):
I don't expect much from a Houston Astros fan in LA,
but you can't cheat your way through the pronunciation champions
are everywhere. For those who don't know, I also teach Hopkeito,
a Korean martial art, and later on today after I
get my needed nap in, if you want to come
by and say hello, I'll be teaching it songs hop
(25:57):
Keto which is four three five four Subpulvida Bullet of
Art in Culver City five to eight pm, teaching kids
and adults. If you're thinking about martial arts and self defense,
think of us first that songs off Keto four three
five four so pulvet A Boulevard in Culver City, and
coming up next will be the Gary at Shannon show.
I thought I was only going to be speaking to Gary.
Speaker 3 (26:18):
See, I didn't know you had to plan for it.
Speaker 8 (26:22):
What do you handle?
Speaker 9 (26:23):
Yeah, you gotta have like a freaking itinerary of who's
coming in here.
Speaker 10 (26:27):
I have a nap tip for you because I know
that's what you're going to be doing later today. After
your nap, go stand in the sun for five minutes.
That's the key to re igniting everything that goes on
in your head.
Speaker 8 (26:41):
Espresso.
Speaker 10 (26:41):
No, no, you don't have to shot. Don't do anything
like that about the chemicals. Don't do shoot it.
Speaker 4 (26:47):
Hi, Shannon Farren. I saw Gary earlier this morning and
it was nice to see him. I consider him a
fred I don't know what to consider you.
Speaker 8 (26:54):
Okay, wow, really.
Speaker 3 (26:57):
Not a family we're choosing.
Speaker 8 (26:59):
We're choosing fives before nine am could.
Speaker 2 (27:01):
Say family member.
Speaker 3 (27:02):
But behind the background sparring, just enjoy sparring. What's coming
up on Gary and Shannon?
Speaker 8 (27:13):
I'm going to say something really mean?
Speaker 9 (27:15):
And I held back. Wow, I know I held back. No,
it wasn't going to be It wasn't going to be profane.
Just just mean, what is coming up? Because you got
up early? So maybe tomorrow, maybe tomorrow? What is coming
up on the show? Well, did you hear what the
La Times did? They sent a guy who works for
(27:36):
the La Times to the games in Tokyo, and he
did a real on social media of.
Speaker 8 (27:43):
Sampling all the stadium.
Speaker 10 (27:44):
Foods, or at least pretending to samples in.
Speaker 3 (27:49):
The stadium food.
Speaker 9 (27:50):
Well, he got lit up, and the La Times got
lit up for sending some dumb ass American into Tokyo
who doesn't know how to use chopsticks and doesn't get
like the fact that the stadium food there is very
different than the stadium food here. Of course that's going
to happen, because I don't know. The stadium food there
is very different from the stadium food here, and he
and the La Times are being called racist because he
(28:12):
doesn't know how to use chopsticks.
Speaker 10 (28:14):
It's the most real the La Times has been in
quite a while.
Speaker 9 (28:17):
Actually, right, it's like he doesn't get that they're serving
bites of fish at a ball game. Of course he doesn't.
He's used to having a Dodger dog.
Speaker 3 (28:25):
But did he do a little research in advance and
kind of know that was coming?
Speaker 9 (28:29):
But that's the whole thing, that's the whole point of
the story. You send a dumb ass Dodger fan of
game in Tokyo and they're like, what am I going
to do?
Speaker 8 (28:37):
Like, that's exactly what the story was supposed to be.
Speaker 9 (28:40):
You don't want to send a seasoned person who is
who is like well versed on Japanese ballpark delights.
Speaker 5 (28:46):
That doesn't make for a fun story. There's no friction there, yeah,
kind of like what we have here friction. You're making fun.
You're making this friction up. I don't feel friction with
fans who are not at the same level as I am.
Speaker 3 (29:04):
And on that note.
Speaker 2 (29:06):
I enjoy that now.
Speaker 11 (29:09):
I already had a whole rams freaking diet yesterday. It
came out at nowhere, and so I'm trying to avoid
that because Justin came in to talk to us about
parenting things, and all of a sudden I was a
complete monster.
Speaker 10 (29:22):
It doesn't matter what time of year it is. I mean,
we're on the verge of baseball season. March Madness starts today.
All of that football is barely below the surface.
Speaker 8 (29:32):
All the time, Vante Adams has not caught one pass.
Speaker 3 (29:35):
Happy to day.
Speaker 8 (29:39):
For him. I'm happy for all those guys.
Speaker 3 (29:41):
Can I go?
Speaker 1 (29:42):
You've been listening to The Bill Handle Show. Catch My
Show Monday through Friday, six am to nine am, and
anytime on demand on the iHeartRadio app.
You're listenings camp I am six forty the Bill Handles
Show on demand on the iHeartRadio app.
Speaker 2 (00:07):
You are listening to the Bill handle Show.
Speaker 3 (00:10):
Here's Mo Kelly camp.
Speaker 4 (00:12):
I am s exporting well ive everywhere on the iHeartRadio App.
I feel so at home. It's a nice, warm welcome.
Thank you, Bill.
Speaker 3 (00:19):
I'll be here with you today and tomorrow.
Speaker 4 (00:22):
Right now, let's talk about money, because I need to
learn a little bit more about how the money with
Joel Larsgard. Friend, I haven't talked to you in such
a long time. How you been, Joel?
Speaker 2 (00:31):
It's been too long.
Speaker 3 (00:32):
Bo I miss you. You complete me.
Speaker 2 (00:35):
I feel the same brothers with you.
Speaker 5 (00:37):
I know.
Speaker 4 (00:39):
I have been thinking about the economic uncertainty for quite
some time, and I wonder what's going to happen to
my four one k by pension. And there are people
out there with three fifty sevens all sorts of retirement accounts.
Speaker 3 (00:52):
In me, I'm just speaking for me.
Speaker 4 (00:54):
I was moving stuff around because I was concerned about
the stock volatility.
Speaker 3 (00:59):
We see what has happened in the past couple of months.
Speaker 4 (01:01):
We've gone from about forty five thousand Dow Jones down
to forty one thousand, I move stocks to bonds?
Speaker 3 (01:07):
Am I alone in the concern? And also my.
Speaker 2 (01:11):
Response, no, no, you're not at all.
Speaker 6 (01:14):
And the Wall Street Journal had an article this week
specifically highlighting people who are kind of changing up their
portfolio similar to what you're doing, in light of kind
of the economic uncertainty and the volatility in the stock market.
Speaker 2 (01:26):
And it's interesting.
Speaker 6 (01:27):
I think people are saying, I feel like I'm a
little too exposed to stocks in particular, and so they're
opting to, you know, instead, sell a little bit of
their stockholdings, migrate a little bit towards gold and cash.
And it just takes me back though to two thousand
and eight when I first started working in radio, and
I remember talking to a coworker who was and I
(01:51):
was like, literally just in the beginning days of investing.
I think it was like my second year on the job,
and one of my coches was saying, oh my gosh,
the stock market is in freefall, Like what what do
I do? And I basically my advice to him was
stay the course, Like if you sell, how will you
know when to buy back? Think even of the recent
twenty twenty COVID downturn of the stock market. There were predictions,
(02:13):
dismal predictions from really smart people, that the stock market
was going to keep cratering. Think about how long it
lasted ultimately, and how quick the recovery was. I'm worried
that friend that I talked to back in the day,
he did make significant changes. And it's just once you
start selling, once you start tinkering, just because the emotions
are running hot, it's really hard to know when you
(02:35):
go back in and take on more stock exposure, if
you ever do. And I think for most people making
those changes, it's more emotion than it is science.
Speaker 2 (02:44):
And I don't think that's a smart response.
Speaker 3 (02:46):
You make a great point.
Speaker 4 (02:47):
Emotion is inextricably linked to our money. And when you
mentioned two thousand and eight, that strikes a chord with me,
because in two thousand and eight was the beginning, obviously
of the Great Recession. I remember I had just purchased
a townhouse in two thousand and six for three hundred
and forty thousand.
Speaker 3 (03:06):
By two thousand and.
Speaker 4 (03:07):
Eight it was worth like one hundred and twelve thousand,
and I was going through foreclosure. It was the worst
economic time of my life. I say all that to
say for a lot of people, this is a time
in which they don't want to go through what they
went through with two thousand and eight.
Speaker 3 (03:21):
I don't have the time to start over eighty more.
Speaker 4 (03:23):
I'm too old in that regard what other types of
considerations you may think people are making right about now,
beyond just this particular moment.
Speaker 6 (03:33):
I think it's important to note two things here. One,
you know, we've experienced what's called a correction in the
stock market, so where the S and P is down
ten percent essentially from its height, and there was already
a lot of talk about over valued stocks, and so
I think there was room for correction anyway. And then
when you talk about the tariffs, the kind of whiplash
(03:54):
the tariffs that were and then that weren't and then
that are going to be, that is causing a lot
of uncertainty for businesses, and so it makes sense that
we've seen a ten percent correction in stocks. Where do
things go from here? I don't have a crystal ball.
I don't know, but it doesn't feel like from everything
else that we're seeing when it comes to economic readings, unemployment,
(04:16):
kind of where things stand, consumer spending, that we're headed
for some sort of dramatic recession or anything like that.
Speaker 2 (04:22):
We could be right, It's hard to predict. I think
the most.
Speaker 6 (04:25):
Important thing for people who are out there investing right
now and they're close to retirement, you have to have
a portfolio construction that allows you to sleep at night.
And if you are, if you're freaking out over a
ten percent drop in stocks, well then you're probably too
stock heavy. If you are, If you're worried, right, if
(04:46):
you're not sleeping a night, if you're checking your portfolio constantly, well,
one piece of advice I have for folks is to
check your portfolio less. And that sounds maybe like sticking
your head in the sand, but I think it's I
think it's the opposite. I think when you're constantly paying attention,
when you're vigilant to every move you're over, you're more
likely to freak out over the little machinations that really
(05:07):
have very little outcome on your ultimate ability to live
a good life. So if you have stayed the course
and you've been a good investor for a long time,
just make sure that your portfolio is aligned with your
ability to sleep. And so for some people that might
mean think about in twenty twenty think back what you
did five years ago. If you were making significant changes,
(05:27):
then it means, yeah, your portfolio wasn't constructed for potential
significant losses. You need to have a balance in your
portfolio that allows you to have some more diversification so
that you're not over indexed towards stocks, so that you're
freaking out when the stock market does heed decline, because
that's the great I think people have gotten used to,
except for with the exception of that twenty twenty COVID
(05:48):
dip in twenty twenty two, the stock market essentially being
kind of like a high old savings account that just
returns a lot more and that feels good, right, It
feels good to see your networth shoot up this correction,
that the stock market are normal, something like this is
like completely normal in a given year, And so I
do think that that the handwringing is probably overwrought.
Speaker 4 (06:08):
You said the R word as in recession. There have
been more and more discussions about whether we are on
the path to a recession or not. Definitionally, you already
know this recession means two quarters of consecutive quarters of
negative GDP growth. I'm asking you, Joel Larsgard if obviously,
if we're in a recession, that means we've already been
(06:29):
sliding down that hill for a while to get those
two consecutive quarters of negative growth. So there are indicators
prior to that. What are you looking forward to say, Hey,
we are on our path to something economically disastrous.
Speaker 2 (06:43):
Yeah.
Speaker 6 (06:43):
I think right now all eyes are on policy coming
out of Washington, DC. And it's interesting. One economist was
recently quoted. He said something like this could be the
only recession that was completely avoidable and essential, like it
could have been changed any moment in time. And it
feels like tariff policy and some of the economic just
(07:06):
decisions coming out of the White House are those are
the things that could kind of push us towards a
recession that wasn't likely in the first place. Man, it
makes me think just a couple of years ago, though
I think it is probably a year and a half ago,
Bloomberg had an article and they said all signs point
one hundred percent likelihood of recession coming. They literally said
(07:27):
one hundred percent, Our indicators are lighting read a recession
is on the way. And that recession didn't materialize. So
there's another saying that economists have predicted nine out of
the last four recessions. There's always talk of recession, right,
It's like this is something that's what else do economists
do except for talk about the recession that's coming that
doesn't end up materializing. There's always reason to be fearful,
(07:47):
But what we don't think about typically is the hope
and how resilient companies are even in the face of
uncertainty and new policy coming out of Washington, d C.
These are new hurdles to jump, but the American economy
is nothing if not resist and I think especially especially
for younger listeners out there who are tuning in and
they're like, I'm kind of worried.
Speaker 2 (08:06):
Well, the cool thing about a.
Speaker 6 (08:08):
Drop in stock prices is that you're able to buy
stocks on sale. I'm a big fan of dollar cost averaging.
So if you're in your twenties, thirties, forties, you should
just just keep buying, as my friend Nick says, and
just kind of every two weeks with your paycheck, just
keep scooping up more and more, and if prices go down,
that shouldn't worry you.
Speaker 2 (08:25):
That should excite you that you're buying on sale.
Speaker 4 (08:28):
That is great, great advice, and I guess right now
is Joel Larsgard. He's the host of How to Money,
which is airing on here on CAFI Sundays from twelve
to two pm. Joel, the supposed possible connection between federal
land and the housing market. Is there a way in
which we could use federal land to make more housing
(08:51):
type landscape available for just housing in general. Is there
a way that we can combine the two.
Speaker 2 (08:59):
Yeah, there is.
Speaker 6 (09:00):
There's been this proposal from the Interior Department and HUD
to basically say, hey, we as the federal government, we
have hundreds of millions of acres of federal land and
we're kind of sitting on it, and some of it
really could be built on to ease the housing crisis.
And if you've been following what's going on with kind
of the lack of construction and the lack of new
(09:22):
units being built that has created a real problem in
this country of affordability. Yeah, it's higher interest rates, but
it's also just a lack of supply and some estimates
say that we're three or four million home shy of
what we need to kind of fix the problem. And
so this is one of the things I've kind of
been harsh on the Trump administration when it comes to
(09:42):
some of their economic policies. This is one of those things, though,
that I can get behind to say, Hey, we're going
to open up some of these some of these acres
of federal land. We're going to streamline the process and
make it easier for affordable units to be built to
be built, and I think that could over time. This
is one of those you don't write the ship in
mere weeks or months. This is going to take time
(10:05):
because the housing market, it doesn't turn on a dime.
But I think it's just great news, and I think
it's kind of where we need to be headed, at
least at least it's part of the solution.
Speaker 4 (10:13):
Just to be clear, it's federal land, but would it
be loaned or made available to private developers or would
the federal government still be in charge of creating these
housing developments or units.
Speaker 6 (10:27):
They've talked about like transferring or leasing the land to
public housing authorities, different nonprofits, and local governments. So it's
not going to be the federal government itself building these units.
They're going to find partners who are kind of closer
to the ground, who are who they're going to vet
in order to build these units. Interesting thing too, is
(10:50):
like how close are these units to the most expensive places?
Speaker 3 (10:53):
Where?
Speaker 2 (10:54):
Where are you?
Speaker 6 (10:55):
Which lands are going to get built on? And it
seems like some of this land is going to be
more rural right in nature. So I guess in places
like California, in southern California, that might not be a
you might not see a relief in home prices really
soon because of this, But it does make me think
like they're if you've been following kind of what's happening
in Austin, Austin has rolled back the red tape when
(11:19):
it comes to the how much, you know, how much
it takes to get done, to get some things built.
They've basically made it easier to build multi family units
on single family residential lots that were formally formally sown
for single family and it's been amazing.
Speaker 2 (11:34):
Austin's been a boom town.
Speaker 6 (11:35):
I was just there last week and they're putting up
apartments right and left, and already rents have declined twenty
two percent from like what I'm calling peak Austin just
over a year ago. So this boom and building when
we really do kind of cut back and roll back
some of this red tape. When we increase supply. It's
amazing how incredibly expensive Austin was becoming. But when we
(11:55):
just make it easier for people to build units, which
is far from the case here in the state of California,
When we make it easier for people to build, for
builders to get in there, they you know, it might
be the person in the single family home next door
might say, I don't really want a quadplex next door
to me, because that's that's the NIMBI.
Speaker 2 (12:11):
Movement right not in my backyard. I don't want that
thing next door.
Speaker 6 (12:14):
But ultimately it's best for all of us, and it
might not be as productionary to your home price, but
it's going to be better for young people who are
trying to buy their first home.
Speaker 4 (12:23):
Let's go back to what we were talking about last
secondent about this idea of an approaching recession. How much
of the pie is the housing market in the assessment
in the health of our economy.
Speaker 6 (12:35):
Yeah, I mean, the housing market matters a lot. And
what happens with the housing market is also anybody's guess.
It's because we have that lack of supply just overall,
but then a lack of people putting their homes on
the market, because when you have a two point eight
to seventy five percent mortgage, even if you want to move,
you don't because you don't want to buy something else
(12:56):
with a seven percent rate. And so the real estate
market's kind of been on lockdown in some ways, and
it's kind of kept prices high. But at some point
people are going to get used to these seven percent rates,
because I think the three percent rates were essentially a
vanishing thing, Like, I don't think we're going back to
that era. A lot of real estate agents have been
(13:17):
telling people by the house date, the rate, that kind
of thing, and it's like, well, I don't know. You
don't want to plan on or bank on the fact
that you're going to be able to refinance next year
at a five percent rate, because that hasn't materialized. And
I'm worried about people planning in that way and not
being able to and being stuck with a higher than
the mortgage than they can actually afford. So be careful
(13:39):
on that front. But yeah, what happens with the housing market,
I could see a slide in prices, especially the longer
we're in this era. Of seven percent rates the stickier.
That is, at some point people just say I have
to move. I've got to go somewhere. More people are
listing their homes and we could see. I think the
predictions for housing price increases this year are essentially non existent.
(14:00):
And if you think just a few years ago when
how home prices were rising like wildfire like that era is.
Speaker 4 (14:06):
Over last question, Joel, and I think you kind of
tipped off where I was going with this. I wonder,
given that interest rates for real estate purchasing real estate
will probably never go back to the three percent, as
you said, I thought it was artificially deflated because of
COVID and other issues, those days are gone. When I
(14:28):
bought my first place back in I don't know, two
thousand and three was like a seven percent interest rate,
So that is normal for me. But having said that,
have we also changed in the sense that the idea
of the American dream and using homes purchase of real
estate as a way of generating wealth in a generational sense,
(14:50):
is that time also gone?
Speaker 2 (14:52):
I kind of hope so.
Speaker 6 (14:53):
And it's not that I'm against people having value creation
in their home. It's kind of a method of savings
and you know, when you think about the average Americans
net worth, the substantial amount of it is tied up
if they're a homeowner, in the value of that home,
especially if they bought a decade ago. But I think,
especially now, when you look at the discrepancy between what
(15:15):
you're going to pay taking out a mortgage on that
new house versus the rent you would pay for something similar,
the GAP's never been wider. And so I get the
desire to own your own place. And I don't want
to tell people who want to do that that it's
a bad idea, because I don't think it's a bad idea.
I just think you have to be aware. You've been
taught for so long, we've kind of been brainwashed that
(15:36):
buying the home that's the next step to adulthood, that's
the next step to wealth building. And I think for
a lot of people, renting can be a great step
to wealth building because you're really minimizing your monthly outflow
and renting for longer can make a whole lot of sense,
especially if it allows you to invest more of those dollars.
Think about what you would have spent on the mortgage.
(15:57):
Just price it out. So I was looking at a
house in this price range at this interest rate, what
would I be for working over? And think about what
you're working over in rent right now, See what the
gap is. If you can invest that money, you're going
to come out ahead over time. And so I do think, yeah,
renting is kind of undervalued. It's and I hope that
kind of the discussion around renting versus home buying is
(16:20):
changing because I think it's not only possible, but it
might be easier to build wealth as a renter these days.
Speaker 3 (16:26):
Real quickly.
Speaker 4 (16:27):
We didn't have time to get to it, but we
also had the opportunity to possibly talk about how Harvard
had just announced that tuition will be free for families
making less than two hundred thousand dollars a year. I
only bring that up because that's usually a consideration for
families usually taking out a second mortgage or pulling out
equity of their house to send.
Speaker 3 (16:44):
People to college. What about that? Then you lose that
option as a renter, don't you.
Speaker 2 (16:50):
Well that's yeah, you lose that.
Speaker 6 (16:51):
But you got to then funnel some of those money,
those investment dollars into like a five twenty nine account
plan ahead for your kids' school But the thing is,
I think five to twenty nine accounts can be great,
but I think they also might be They might be
over considered too if you're not saving enough and investing
enough for your own retirement. The five twenty nine is
a great plan. It's gotten more flexible. Just don't prioritize
(17:12):
that above your own saving for your own future. Because
they're scholarships available, and look at what Harvard just did
and look what other schools are doing. It's actually the
sticker price of college has gone up, the actual price
people are paying has gone down. That's something that hasn't
been talked about very much. There's kind of data about
the post discount rate, and so it's actually getting less
expensive to go to college these days. So the first
time in a long time. Part of that's the COVID factor, right,
(17:35):
that people are just not going to college in the
same numbers as they were, and so it is putting
downward price pressure on a higher education. I think that's
a good thing, and I think it's good that people
these colleges are prioritizing free education for people who don't
make ridiculous sums of money.
Speaker 4 (17:51):
How to Money with Joel Larsguard airs every Sunday from
twelve to two pm. You can find Joel Larsguard at
How to Money Joel. Joel has been way too long.
Hopefully we get to do it again sometime soon.
Speaker 2 (18:02):
For sure, let's do it.
Speaker 4 (18:03):
Moh And, since I'm sitting in the big chair, as
they say, I get the opportunity to talk to you
about some things that maybe Bill wouldn't talk about.
Speaker 3 (18:11):
I love sports. I love to talk about sports.
Speaker 4 (18:14):
It's one of those things which are woven through my
life in every way. I'm a Lakers fan, not a
Clippers fan. No just disrespect to our partner station AM
five seventy LA Sports, the voice of the Clippers.
Speaker 3 (18:28):
I am a Rams fan, not a Chargers fan.
Speaker 4 (18:32):
No disrespect Chargers, but you're not a real I know,
I know they're not a real LA team. And you
know Shannon Farren, who'll probably have something to say about
that as a forty nine Ers fan, much disrespect to
her and her fans. I met that, I said it,
I meant it. I'm a Kigs fan, not a Ducks fan.
I'm a Dodgers fan, not an Angels fan. And I'm
(18:54):
a USC fan, not a UCLA fan. Having said all
that March Madness, and I'm an alumni of Georgetown University
in Washington, DC. We used to be known for basketball,
not so much anymore. For the past ten years, we've
been pretty horrible, not even sniffing the tournament for the
(19:16):
most part. So March Madness is a very, very difficult
time for me. My singular rooting interest usually is Georgetown University.
Speaker 3 (19:26):
They're not in the tournament.
Speaker 4 (19:28):
I have a lot of misgivings as far as following
the tournament.
Speaker 3 (19:32):
When they would make the tournament, I'd.
Speaker 4 (19:34):
Have to turn off the TV inevitably when they would
get ousted from the tournament.
Speaker 3 (19:39):
It just hurt to watch.
Speaker 4 (19:40):
So right now I am a fan without a team,
and Kno, I have to look to you because I
haven't even filled out a bracket because I'm so hurt.
I don't have anyone to root for. Does that stop you?
Do you have a singular team that you support, Let's do.
Speaker 5 (19:55):
It, mo.
Speaker 7 (19:56):
I have twenty two brackets filled out, so twenty two.
Speaker 3 (19:59):
Thank got you.
Speaker 7 (20:00):
I don't have a particular favorite because I'm a USC again.
Same although UCLA is usually the basketball for LA right
and they are in the tournament, and uh, it's gonna
be tough one. It's gonna be a tough opening for them. Duke, Florida, Houston.
It's hard to go against Chalk in this tournament, so.
Speaker 4 (20:18):
I'm picking Chalk for the most part the final four.
Noting UCLA plays Utah State in the opening round of
the tournament today, Yes, I could root for UCLA, but
I don't think they're going to go that far. No disrespect,
just being realistic. My final four is probably going to
be Duke, who I can't stand. But I'm going to
look at the talent of the teams. Looking at Duke Houston,
(20:41):
I think Auburn and maybe one other. I don't know,
but I think it's gonna be mostly Chalk. I don't
expect a lot of upsets when it comes down to
the Elite eight and final four. There may be some
early upsets, but I think the talent is going to
win out the rest of the way.
Speaker 7 (20:58):
It's definitely hard this year for me to go against Duke.
I've watched way more Duke this year than I ever
have in my life. They've scored maybe four games or
five over one hundred points. Yes, but the big thing
for me about them is they don't talk trash. They'll
be up by thirty, hit a three, and just right
back down the court like cerebral and let's go on
(21:19):
to the next play, which is very rare in college.
It's more like let's get into your head type thing,
and I don't see that at a Duke. It's more like,
let's just move on.
Speaker 4 (21:27):
I played high school ball South Torrents High School, and
I'm from an era which I'd never talk trash on
the court. I would just rather play. I'm not a
Duke fan, but I'm a fan of how they play,
and you brought up a great point. Duke is all business,
and I don't like today's college game and NBA game
(21:49):
by and large because of all the trash talk, because
of all the preening. Yes, you made a three point shot,
but you're down by fifteen. Don't talk to me about
ice water in your veins. You made one shot, how
about making a defensive stop, how about making two or
three plays get your team back in the game, and
not pream and just do what you need to do
(22:10):
to help your team win. I understand there's some strategy
as far as trash talk getting in your opponent's head,
but there's a time to shut up and play and
let your play do the talking.
Speaker 3 (22:21):
You mentioned Duke.
Speaker 4 (22:22):
I am interested to see Cooper Flagg, who is the
freshman who's expected to be the number one overall pick
in the draft if you should come out early. There's
no indication that he won't. I'm interested to see if
his game translates from the college to the professional level.
Speaker 3 (22:38):
If you look at the history.
Speaker 4 (22:39):
Of Duke draftees, they have not, by and larged large
lived up to the hype or the NBA game. I
don't know if his game translates. I'm hopeful because I
like his game. I like the way that he plays.
He he's a big quote unquote guard forward. He can pass,
he can shoot, he can drive, can finish, he can
(23:00):
create his own shot. Everything that I see says that
he will be a star eventually on the pro level.
Speaker 3 (23:07):
I don't think he'll be an immediate.
Speaker 4 (23:09):
Star, because when you come out after your freshman year
freshman season, you're still only nineteen twenty at most, and
there's an adjustment because the year before you played high
school ball and the year next you're playing pro ball,
and he's not even grown into his grown man body.
We all know that men are still growing filling out
their frames in their early twenties, so there's still some
(23:32):
physical growth for Cooper Flag to do. But that's what
I'm looking at in this tournament, which is basically a
pre NBA look for a lot of these players. And
this is something else before we go to break that
this tournament does not have that previous ones in previous
decades would have storylines. We would know the players, we
(23:55):
would know because they were at the same university for
two or three years.
Speaker 3 (24:00):
Very good. They don't stay that long.
Speaker 4 (24:01):
So we're just talking about the universities and their history,
the brand, and less so about the individual players. I
can't tell you the name of any Houston player or
Auburn player. I can tell you a couple names of
duke players. I can tell you a couple names of
the UCLA players. I can talk about the history of
the programs and their success in the tournament and how
(24:22):
many titles they've won. But because of the transfer portal
and players can go here and they're every single season
and play immediately, they are less inclined to stay with
one university. So when the tournament comes around, it doesn't
have the same type of Magic, if only because you're
not going to have a Magic Johnson Larry Bird matchup,
(24:43):
because no one that talented is going to stay that long,
and that's unfortunate for the tournament itself. But as I
said earlier, UCLA is playing Utah State in the opening
round of the NC Tournament later on this evening, and
if I'm awake at that time, because it's gonna go
home and take mine behind to sleep, I'll be sure
to watch.
Speaker 3 (25:03):
Now. Is there any game that you're watching today?
Speaker 7 (25:05):
Cono, for sure, I'm actually interested in this Perdue high Point.
High Point is an upset favorite to beat Purdue.
Speaker 3 (25:12):
Is that a five to twelve game?
Speaker 7 (25:13):
That is a five to twelve game? And I can't
remember the later games, but I think in Zaga Georgia
might be tonight and that's gonna be another good game.
Speaker 4 (25:23):
I just got to let you know because I've always
been cussed out by their fans. It's going Zaga, Zags Zaga,
like it's not Nevada's Nevada.
Speaker 7 (25:33):
It's gone Zaga, my bad Gonzaga.
Speaker 4 (25:36):
I don't expect much from a Houston Astros fan in LA,
but you can't cheat your way through the pronunciation champions
are everywhere. For those who don't know, I also teach Hopkeito,
a Korean martial art, and later on today after I
get my needed nap in, if you want to come
by and say hello, I'll be teaching it songs hop
(25:57):
Keto which is four three five four Subpulvida Bullet of
Art in Culver City five to eight pm, teaching kids
and adults. If you're thinking about martial arts and self defense,
think of us first that songs off Keto four three
five four so pulvet A Boulevard in Culver City, and
coming up next will be the Gary at Shannon show.
I thought I was only going to be speaking to Gary.
Speaker 3 (26:18):
See, I didn't know you had to plan for it.
Speaker 8 (26:22):
What do you handle?
Speaker 9 (26:23):
Yeah, you gotta have like a freaking itinerary of who's
coming in here.
Speaker 10 (26:27):
I have a nap tip for you because I know
that's what you're going to be doing later today. After
your nap, go stand in the sun for five minutes.
That's the key to re igniting everything that goes on
in your head.
Speaker 8 (26:41):
Espresso.
Speaker 10 (26:41):
No, no, you don't have to shot. Don't do anything
like that about the chemicals. Don't do shoot it.
Speaker 4 (26:47):
Hi, Shannon Farren. I saw Gary earlier this morning and
it was nice to see him. I consider him a
fred I don't know what to consider you.
Speaker 8 (26:54):
Okay, wow, really.
Speaker 3 (26:57):
Not a family we're choosing.
Speaker 8 (26:59):
We're choosing fives before nine am could.
Speaker 2 (27:01):
Say family member.
Speaker 3 (27:02):
But behind the background sparring, just enjoy sparring. What's coming
up on Gary and Shannon?
Speaker 8 (27:13):
I'm going to say something really mean?
Speaker 9 (27:15):
And I held back. Wow, I know I held back. No,
it wasn't going to be It wasn't going to be profane.
Just just mean, what is coming up? Because you got
up early? So maybe tomorrow, maybe tomorrow? What is coming
up on the show? Well, did you hear what the
La Times did? They sent a guy who works for
(27:36):
the La Times to the games in Tokyo, and he
did a real on social media of.
Speaker 8 (27:43):
Sampling all the stadium.
Speaker 10 (27:44):
Foods, or at least pretending to samples in.
Speaker 3 (27:49):
The stadium food.
Speaker 9 (27:50):
Well, he got lit up, and the La Times got
lit up for sending some dumb ass American into Tokyo
who doesn't know how to use chopsticks and doesn't get
like the fact that the stadium food there is very
different than the stadium food here. Of course that's going
to happen, because I don't know. The stadium food there
is very different from the stadium food here, and he
and the La Times are being called racist because he
(28:12):
doesn't know how to use chopsticks.
Speaker 10 (28:14):
It's the most real the La Times has been in
quite a while.
Speaker 9 (28:17):
Actually, right, it's like he doesn't get that they're serving
bites of fish at a ball game. Of course he doesn't.
He's used to having a Dodger dog.
Speaker 3 (28:25):
But did he do a little research in advance and
kind of know that was coming?
Speaker 9 (28:29):
But that's the whole thing, that's the whole point of
the story. You send a dumb ass Dodger fan of
game in Tokyo and they're like, what am I going
to do?
Speaker 8 (28:37):
Like, that's exactly what the story was supposed to be.
Speaker 9 (28:40):
You don't want to send a seasoned person who is
who is like well versed on Japanese ballpark delights.
Speaker 5 (28:46):
That doesn't make for a fun story. There's no friction there, yeah,
kind of like what we have here friction. You're making fun.
You're making this friction up. I don't feel friction with
fans who are not at the same level as I am.
Speaker 3 (29:04):
And on that note.
Speaker 2 (29:06):
I enjoy that now.
Speaker 11 (29:09):
I already had a whole rams freaking diet yesterday. It
came out at nowhere, and so I'm trying to avoid
that because Justin came in to talk to us about
parenting things, and all of a sudden I was a
complete monster.
Speaker 10 (29:22):
It doesn't matter what time of year it is. I mean,
we're on the verge of baseball season. March Madness starts today.
All of that football is barely below the surface.
Speaker 8 (29:32):
All the time, Vante Adams has not caught one pass.
Speaker 3 (29:35):
Happy to day.
Speaker 8 (29:39):
For him. I'm happy for all those guys.
Speaker 3 (29:41):
Can I go?
Speaker 1 (29:42):
You've been listening to The Bill Handle Show. Catch My
Show Monday through Friday, six am to nine am, and
anytime on demand on the iHeartRadio app.
Later, with Mo'Kelly News
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