September 4, 2025 • 22 mins
(Sept 04, 2025)
Host of ‘How to Money’ Joel Larsgaard joins the show to talk about customer loyalty, frequency of gambling ads, and what ETF options might be best for you. Far-right Israel minister calls West Bank to be annexed. The host of ‘Later with Mo Kelly’ here on KFI joins the show to discuss Paris Jackson distancing herself from Michael Jackson biopic.
Host of ‘How to Money’ Joel Larsgaard joins the show to talk about customer loyalty, frequency of gambling ads, and what ETF options might be best for you. Far-right Israel minister calls West Bank to be annexed. The host of ‘Later with Mo Kelly’ here on KFI joins the show to discuss Paris Jackson distancing herself from Michael Jackson biopic.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listenings KFI AM six forty the Bill Handles show
on demand on the iHeartRadio f FY AM six FORTYI
handle here. It is a Thursday morning, September fourth. Yeah,
Joel Larsgarden who has his show. He's the host of
(00:24):
how to Money Sunday twelve to two pm here on KFI.
I social address at how to Money Joel his website
howtomoney dot com.
Speaker 2 (00:34):
Do I have that right, Joel? That's it? You got
to right? Okay, Well, this is the first time I've
got it right.
Speaker 1 (00:40):
Wow, it's everything. Yeah, first time for everything. All right,
let's get right into it. Customer loyalty. I'm a big
fan of customer loyalty programs. Why because I get deals
all the time. I was at Ralph's yesterday and I
picked up some Snapple and normally it's three ninety nine
big bottles, and it was two ninety nine if you
(01:03):
are a loyal customer with the card, so I think
it works for me. However, maybe it really doesn't work
for me.
Speaker 2 (01:15):
You want to explain that.
Speaker 3 (01:16):
Yeah, So I do think in some cases being a
loyal customer can offer some benefits, right, And yeah, you
might if you've got the card that goes with the
grocery store, then you might get a better price, But
really that's just that their attempt at getting a hook
in you so that you don't go anywhere else. And
interestingly enough, like when you look at some of a
(01:39):
bunch of different business models, the businesses actually enjoy your
loyalty and they don't really reward you for it. So
they actually tend to take advantage of you the longer
you've been a customer, because what they realize is that
you are in this inertia bias zone where you're like,
I'm you know, the way my life is is great,
and I'm not planning on changing anything up, and because
of that, you end up spending more than you otherwise would.
(02:02):
So if you're hyper loyal to an airline, for instance, yeah,
you might get certain perks for being loyal to that airline.
You might get to board the airline a little bit quicker, right,
a little bit earlier in the boarding process. You might
be able to accrue miles on that specific airline. But
what they're really trying to do is to get you
to never think about booking elsewhere and paying more for
(02:23):
tickets by just knee jerk booking with them. It's not
just Airlines. I mean, it's a bunch of different businesses
that are like this. I was just talking with a
friend this week about his cell phone service, and he's
with one of the big cell phone companies, and he
was like, I mean, yeah, but I get the phone.
And we were just talking about, well, how much money
could you save if you were to switch? One hundred
bucks a month? More than one hundred bucks a month
(02:45):
is what he was able to save by switching. He
did it, but most people don't. And I guess I'm
just saying that loyalty, the blind loyalty to many companies
we do business with, is actually costing us money.
Speaker 1 (02:54):
Yeah, so here is the question, because here we'll go
back to Ralph's. All right, So certain items at Ralphs,
I'm getting a better deal because I'm a loyal customer.
What are the alternatives? I go to Pavilions, I go
to Gelson's, which is ridiculously expensive. But the only way
to really save money is to shop and look at
(03:16):
the items you want over a series of stores, and
in the case of airlines, is simply look at the
best price and if you're lucky, you get procedures, you
get well, you get early boarding, you can go to
the you can go to the lounge, that.
Speaker 2 (03:34):
Sort of thing.
Speaker 1 (03:35):
So what I'm saying is, in the end, if you
know what you're doing, the loyalty programs work, I.
Speaker 2 (03:44):
Would think, Okay, so some of them do right.
Speaker 3 (03:48):
And like for instance, when you're talking about where you
shop for groceries, I think shopping the sales flyers right
can be helpful ahead of time. So there's a site
flip dot com fl i PP two ps and you
can like type in your zip code and find the
stores nearby.
Speaker 2 (04:03):
And you might be shocked.
Speaker 3 (04:04):
It's saying, well, I'm getting this deal at rafts two
ninety nine for this beverage, But I didn't realize that
all these was actually selling it for a dollar ninety
nine and I didn't need no loyalty required.
Speaker 2 (04:13):
And so I think shopping.
Speaker 3 (04:15):
Around can help you at least be aware instead of
staying in that same vein of doing business with the
same company on repeat. And insurance companies are one of
the prime companies that take advantage of this. They it's
like the frog and boiling water, and as the water
heats up, you stay put and They're like, we're just
gonna keep ratching up those price increases, and you think, man,
(04:36):
I've been a loyal customer, I'm probably getting a pretty
good deal. And the truth is what's happening is those
insurance companies are saying, you're the more loyal you are,
the more we're going to charge you. The more you
shop around, the more you're gonna save, and so bouncing
around from insurance company to insurance company. It might not
always make sense, but at least getting those quotes every
couple of years makes a lot of sense because if
(04:57):
you are just kind of stuck in your ways and
you're like just you think of it almost as like
a badge of honor that you've been with the same
insurance company for twenty or thirty years. You're the one
who's paying for it.
Speaker 2 (05:07):
Yeah.
Speaker 1 (05:07):
I get that all the time on Handle on the Law.
I've been with them for twenty five years and they're
dropping me. Yeah, and I've done nothing wrong. Well, it
depends on geography, it depends on income, it depends on
your record, all kinds of things. Insurance is probably the
best example of shopping shop shop shop insurance.
Speaker 2 (05:27):
Because it changes, I agree every.
Speaker 1 (05:29):
Year it changes in terms of what it's going to
cost you, and I agree.
Speaker 3 (05:33):
So I think about just how loyal people are too,
like Amazon, and it's just it's because it's easy. It's
not necessarily because it saves them the most money or
and because of that, like we spend more than we
otherwise would and we're just like knee jerk buying stuff.
And I think we think of that as loyalty. And
the businesses that were that were, you know, buying stuff
(05:54):
from they thrive on our intense loyalty. And so I
guess I'm just saying call them the question how loyal
you are to certain companies, maybe you'd be better off
reconsidering how you're you're super close ties with some of
those companies that you do business with.
Speaker 1 (06:10):
All Right, a stat that you sent to me, which
I'm going really gambling ads can be seen every thirteen
seconds during major sporting events.
Speaker 3 (06:21):
Yeah, wow, it was shocking. It was a study done
specifically right after the Stanley Cup finals. And yeah, when
you're watching at some points during the game, whether it's
an advertisement, that's just like and think about how advertisements
of inundated live sports they're coming at you from every
which way, whether it's on a jersey now or on
(06:43):
the billboards lining the sidelines in a soccer game, or yeah,
in the case of hockey, it's you know, along the
outer side of the rink. And then just you know,
the actual commercials themselves too. And so we've seen sports
gambling just think about where it started just a few
years back, and now the proliferation of companies, the advertisements,
(07:03):
and I think really what we're seeing at this point
is the full normalization of sports gambling, and and it's
particularly predatory towards towards young men who are are betting
in much higher numbers, which makes complete sense. And then
you see the actual downstream effects of that. A decent
chunk of young men who have participated in sports gambling
(07:26):
are saying, hey, I'm actually addicted, I have some I
have some issues with this, and man, it creates a
lot of financial problems and relational problems the whole nine yards.
Speaker 1 (07:35):
Are we going to see these ads during the Super
Bowl coming up? Uh?
Speaker 2 (07:41):
Yeah, no, I think we will.
Speaker 3 (07:44):
And I think like there's just there's just uh the
amount of money that these companies stand to make by
and think about to bill back in the day, if
you if you wanted to gamble, you had to go
to Vegas or you had to do something like incredibly
illegal in order to access. Like the kind of people
you had to run with in order to gamble on
(08:05):
your favorite sports teams. They were CD folks, right, And
now it's just at your fingertips on your phone, gambling
when whenever you want. And of course, like you can
hide it so much easier. It's gonna lead, it's gonna
make it. It's gonna make it far more likely that
people are gonna develop gambling problems because of just the
ease of access and the way they make it sound
like it's fun, Like it's like playing candy Crush on
(08:27):
your phone.
Speaker 2 (08:28):
But this this version of if it can cost you
a lot of money to play.
Speaker 3 (08:32):
Right, yeah, this you know, I don't care if you
pay five bucks for candy Crush on your phone, but
if you're regularly gambling. And there's this also this like
male sort of mentality I think sometimes where they're like, man,
of course, I know which running back is gonna run
for the most yards this Sunday, Or you just have
this perspective you have to think you know more than
you do. Oftentimes about which players are gonna do what,
(08:54):
and that you have some sort of edge, but the edge,
of course always goes to the house.
Speaker 1 (08:59):
Okay, Hey, let's finish up with et F options. I've
never understood ETFs ever, you want to explain first of
all what they are. Explain it to me because I
just sort of don't get it, and I don't understand it.
It's almost like, you know, cryptocurrency. I'm going really, but
it's a real thing. So let's talk about ETF options.
Speaker 3 (09:21):
Yeah, so I'm I am totally a fan of ets
it has they have actually made investing easier for investors everywhere,
and and basically you can ETFs comes in come in
all shapes and sizes, and so you instead of a
mutual fund version of let's say an index fund, you
(09:42):
can have an exchange traded fund version of an index
fund and it just trades more like a stock, and
so it just it makes it easy. It's a one
stop shop for people to invest in a well diversified manner.
Speaker 2 (09:56):
What's an ETF.
Speaker 3 (09:59):
And it change traded fund. So it's basically it's a
collection of a bunch of different stocks in one basket.
So you can say, but here's the problem and here's
the rub. And the thing that's frustrating me about the
ETF market right now is that there's been this proliferation
of ETFs. I'm down with ETFs and what they're trying
to do and simplifying trading and reducing the cost of
(10:20):
trading for investors and making it easier to be diversified.
Instead of let's say you had to buy every single
stock in the S and P five hundred individually, that's
a chore. If you can buy one ETF that buys
the whole basket, and that makes it super simple. So
that's really cool. But the problem is, go ahead. The
problem is now that there are thousands and thousands of
ETFs available to us, so there's this choice overload and
(10:43):
really for most people, a dozen choices is plenty. And
so when you think about that, there are more ETFs,
more exchange traded funds that are essentially baskets of different
slicing and dicing of stocks. There are three dozen artificial
intelligence ETFs out there that you can choose from now,
three dozen, Like, is that really necessary?
Speaker 2 (11:04):
Well, it is.
Speaker 3 (11:05):
If you are a one of these Wall Street firms
trying to make money but as an individual investor, most
of these, this proliferation of ETFs, most of it doesn't
matter to you, shouldn't matter to you. And some of
my favorites are the most basic, low cost ETFs that
you can access through any of the best low cost
brokerage companies.
Speaker 1 (11:22):
By the way, it seems like you've just been describing
a mutual fund across the board.
Speaker 3 (11:28):
So ETFs are essentially the new version of mutual funds, right,
They just are easier to trade, and they have come
with lower costs of come alongside with the invention of ETFs.
But yeah, I mean they are kind of like the
new version of what a mutual fund used to be.
Speaker 1 (11:48):
Okay, Yeah, I just mutual funds do the same thing
my opinion, They buy different stocks. You buy sectors of
sock stocks. You can, I mean, there's thousands and thousands
of them. So, and by the way, how hard is
it to establish a mutual fund?
Speaker 2 (12:04):
You make a phone call and you send him a check.
Speaker 3 (12:07):
So you don't really do that anymore, bill most of
the time, right, you can just log into your account
and you can place that order.
Speaker 1 (12:13):
Yeah, I don't understand. Yeah, when I use the term
you can write them a check. I don't I wire
money in so yeah, yeah, I'm a dinosaur.
Speaker 3 (12:22):
I guess what I'm saying. What I want people to
realize is that, hey, you might have an abundance of
ETFs to choose from, but really there's only a select
few that makes sense for most people. And so maybe
don't let that choice overload cause you go in the
wrong direction. Do your research and make sure. I'm a
fan of the S and P five hundred or the
(12:42):
total stock market ETFs that are really low cost and
those make a lot of sense for a lot of people.
Speaker 1 (12:48):
All Right, Joel will catch you on Sunday, How to Money,
twelve to two pm.
Speaker 2 (12:53):
All right, thanks Bill, good one.
Speaker 1 (12:56):
I have not talked about Israel in a while, and
this is my wheel house. As you know, I'm interested
and very engaged in Israel for a whole number of reasons.
Speaker 2 (13:06):
You've heard me talk about it many.
Speaker 1 (13:07):
Times, and as I watch someone who is pro Israel
and virtually every aspect, I'm looking at this country becoming
a pariah country. The number of Palestinians who have been killed,
granted they started it, twelve hundred and fifty Israelis that
were killed in two hundred and fifty that were kidnapped
(13:31):
and held the hostage, and Hamas is still holding them hostage.
Speaker 2 (13:36):
In the meantime.
Speaker 1 (13:37):
The price they're paying for that is well over sixty
thousand Palestinian lives and eighty percent of Gaza destroyed or
severely damaged. And one of the fights, well, there are
two fights going on. One is the Charter of Hamas,
which is the utter destruction of Israel. As far as
I'm concerned, Israel can do virtually anything except kill innocent
(13:59):
people in those numbers. The other issue is a Palestinian
state where the Western world was against the Palestinian state,
would not vote for it. Why because the United States
was not in favor for it, of it because of
its connection to Israel and the Western world, now the
(14:20):
Eastern part in the Third World.
Speaker 2 (14:22):
They have always hated Israel.
Speaker 1 (14:24):
But the powers that be believe Israel should exist, and
at the same time, a lot of them believe the
Palestinian states should exist. There should be a dual state
area there. Well, there's a government now in Israel that
is saying that will never happen and the Palestinians will
(14:46):
never have a country. And there has been a backlash
on that where you have countries like France and England
who are about to grant recognition of a Palestinian state
who never would And how does Israel react? It doubles
down because of this right wing government, and does it
(15:09):
go on? Well, what Israel wants is the complete dismantling
of Hamas. They will not dismantle, and Hamas will let
one hundred thousand people die.
Speaker 2 (15:18):
And Israel is prepared to kill one hundred.
Speaker 1 (15:20):
Thousand people saying that we will not have a government
next to us that believes and tries to basically throw
us in the sea and wipe us out. Ain't gonna
happen now, can they ever do it? Will October seventh
ever happen again? You know, it took years to plan
that years and Israel it's very easy for Israel to say, Okay,
(15:46):
we're going to end this thing. If you try it again,
it's not going to be eighty percent of the buildings
that are destroyed or damage. It will be one hundred
percent and you will all be living intense for generations.
Speaker 2 (16:03):
Does Hamas still go forward with it? My guess is no.
Speaker 1 (16:09):
And so I've been talking a lot about this because
there is one minister, Bizael Smottridge, who is about as
right wing as they come and is calling for the
non recognition, the non existence of Palestinian state ever, and
he wants to annex the West Bank and make it
(16:30):
part of Israel, which of course effectively means there will
be no to state a solution to what's going on.
Speaker 2 (16:39):
Quick word, by the way, you may not know this.
Speaker 1 (16:42):
Do you know that everybody who lives in Israel is
an Israeli citizen, which includes Arabs who live in Israel
their Israeli, they have passports.
Speaker 2 (16:54):
They vote.
Speaker 1 (16:57):
West Bank no, because it's occupied territory and they don't
have the same rights. But in Israel, you know that
there are members of the Kanesset, members of their parliament
that are Arabs, and they vote and there is representation there.
Arab neighborhoods, Arab areas put their members in the Kanessset.
(17:20):
Now a couple of things. Do they have equal rights
to everybody else? Yeah, except for security purposes. They're not
going to put them on any security committees. That's never
going to happen. Israel will never let that happen. But
at the same time they're there voting. Now, do they
have much power, of course not, but they have votes,
they have legitimate votes. I wonder how many Jews have
(17:44):
votes in Gaza. I'm trying to come up with the numbers.
Probably not too many. Also on the West Bank, probably
not too many. But there are Israeli citizen Arabs, and
they complain about be treated as second class citizens. And
now what the reality is among Arabs in Israel who
(18:07):
are citizens of Israel. They're treated as second class citizens.
That's exactly true. All right, Okay. Earlier with Mokelly Mo,
I addressed at mister mo Kelly, Good morning.
Speaker 2 (18:24):
Mo, Good morning Bill. Okay, the Michael Jackson biopick. I
like biopicks.
Speaker 1 (18:30):
The one that I saw was about Bob Dylan, which
I thought was pretty good and the fellow who not
for got his name, but he's now an up and
coming after big time. And so now you have a
Michael Jackson biopick, and Paris Jackson is not particularly happy
about it.
Speaker 2 (18:45):
Explain what's going on.
Speaker 4 (18:47):
Paris Jackson, who is one of the later the daughter
of Michael Jackson, daughter of Debbie Rowe, his second wife,
has been very outspoken as far as not liking what
the biopick is supposed to portray.
Speaker 2 (18:59):
She thinks it's inaccurate.
Speaker 4 (19:00):
She thinks it presents more of the fantasy for fans,
not the reality of who he was as a father
in some of the issues withinside the Jackson family.
Speaker 1 (19:12):
As you know that, and I think this is right,
if I'm not mistaken, Debbie Rowe was his surrogate mother.
Speaker 4 (19:18):
That's been the I'll say, the conspiracy theory as far
as who is the biological mother of Paris Jackson, who's
now twenty seven. If you just look at Paris, she
does look like that she could be of mixed ancestry,
but she does not favor either of her supposed fairly interesting.
Speaker 1 (19:34):
And Debbie Rowe was the assistant or the secretary of
his dentist and being in the surrogacy businesses was.
Speaker 2 (19:44):
Huge, huge news. But by chance, have you seen the
biopic yet?
Speaker 1 (19:49):
No?
Speaker 4 (19:50):
No, no, It comes out in April of twenty twenty six,
but it's in the news right now because Coleman Domingo,
who's starring as Joe Jackson, Michael Jackson's father, made comment
that Paris Jackson and her brother, Prince Jackson, are both
in support of the project, and Paris said very loudly no, no, no, no,
she said, quote not my monkey's not my circus. God
bless and godspeed, And she's basically saying, keep my.
Speaker 2 (20:12):
Name out of it. I have nothing to do with
this project.
Speaker 1 (20:15):
And do you have any buzz on it at all
or that's coming out that is close to reality or
not close to reality.
Speaker 4 (20:24):
It's a biopic, it's not a documentary. And since it's
being done by the family, it's Michael Jackson's nephew who's
going to be starring as Michael Jackson, that says to me,
it's going to be a tool to further promote that
Michael Jackson legacy, not tell a lot of the truth
about some of the controversies. It's supposed to run from
his childhood stardom as a lead saying of the Jackson
(20:45):
five to the time in which he started having legal
issues as far as being accused of child sexual assault.
But the belief is still is going to be more
complimentary than is it going to be authentic.
Speaker 1 (20:57):
Okay, well, I'm sort of going to look at it.
Been some really good ones. The one Elton John's biopick
was just great, god awful, No, Hell's great. Well, there
you go. So how about this we agree to disagree
and you're wrong.
Speaker 2 (21:13):
Did you see Billy Joels? That was great with the
documentary on Billy Joel. Yeah, the two parts on HBO mets. Yes,
I saw. It's phenomenal. Yes, it is agreed.
Speaker 1 (21:22):
Absolutely, you get you get a sense of who Jilly,
who Billy Joel is that you never knew before, and
what an interesting human being he is. And this one
we both agree on and you're right. Thank all right, Moe,
catch it tonight at seven o'clock Bill right here on
KFI and I am taking phone calls.
Speaker 2 (21:45):
I'm starting in just a few moments.
Speaker 1 (21:46):
As for I lock out off the air, and it's
for marginal legal advice. So I'll accept your I'll take
your marginal legal questions, give you marginal legal advice.
Speaker 2 (21:56):
You can call in right now.
Speaker 1 (21:57):
And as I always say, no commercials, no weather, no traffic,
and no patience on my part. The number is eight
seven seven five two zero eleven fifty eight seven seven
five two zero eleven fifty.
Speaker 2 (22:10):
We're done. Coming up tomorrow.
Speaker 1 (22:12):
It's a Friday, which means we have foody Friday, we
have ass candle anything and whatever else and wants to
throw into the mix.
Speaker 2 (22:21):
This is KFI AM six forty. You've been listening to
the Bill Handle Show.
Speaker 1 (22:27):
Catch my show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
You're listenings KFI AM six forty the Bill Handles show
on demand on the iHeartRadio f FY AM six FORTYI
handle here. It is a Thursday morning, September fourth. Yeah,
Joel Larsgarden who has his show. He's the host of
(00:24):
how to Money Sunday twelve to two pm here on KFI.
I social address at how to Money Joel his website
howtomoney dot com.
Speaker 2 (00:34):
Do I have that right, Joel? That's it? You got
to right? Okay, Well, this is the first time I've
got it right.
Speaker 1 (00:40):
Wow, it's everything. Yeah, first time for everything. All right,
let's get right into it. Customer loyalty. I'm a big
fan of customer loyalty programs. Why because I get deals
all the time. I was at Ralph's yesterday and I
picked up some Snapple and normally it's three ninety nine
big bottles, and it was two ninety nine if you
(01:03):
are a loyal customer with the card, so I think
it works for me. However, maybe it really doesn't work
for me.
Speaker 2 (01:15):
You want to explain that.
Speaker 3 (01:16):
Yeah, So I do think in some cases being a
loyal customer can offer some benefits, right, And yeah, you
might if you've got the card that goes with the
grocery store, then you might get a better price, But
really that's just that their attempt at getting a hook
in you so that you don't go anywhere else. And
interestingly enough, like when you look at some of a
(01:39):
bunch of different business models, the businesses actually enjoy your
loyalty and they don't really reward you for it. So
they actually tend to take advantage of you the longer
you've been a customer, because what they realize is that
you are in this inertia bias zone where you're like,
I'm you know, the way my life is is great,
and I'm not planning on changing anything up, and because
of that, you end up spending more than you otherwise would.
(02:02):
So if you're hyper loyal to an airline, for instance, yeah,
you might get certain perks for being loyal to that airline.
You might get to board the airline a little bit quicker, right,
a little bit earlier in the boarding process. You might
be able to accrue miles on that specific airline. But
what they're really trying to do is to get you
to never think about booking elsewhere and paying more for
(02:23):
tickets by just knee jerk booking with them. It's not
just Airlines. I mean, it's a bunch of different businesses
that are like this. I was just talking with a
friend this week about his cell phone service, and he's
with one of the big cell phone companies, and he
was like, I mean, yeah, but I get the phone.
And we were just talking about, well, how much money
could you save if you were to switch? One hundred
bucks a month? More than one hundred bucks a month
(02:45):
is what he was able to save by switching. He
did it, but most people don't. And I guess I'm
just saying that loyalty, the blind loyalty to many companies
we do business with, is actually costing us money.
Speaker 1 (02:54):
Yeah, so here is the question, because here we'll go
back to Ralph's. All right, So certain items at Ralphs,
I'm getting a better deal because I'm a loyal customer.
What are the alternatives? I go to Pavilions, I go
to Gelson's, which is ridiculously expensive. But the only way
to really save money is to shop and look at
(03:16):
the items you want over a series of stores, and
in the case of airlines, is simply look at the
best price and if you're lucky, you get procedures, you
get well, you get early boarding, you can go to
the you can go to the lounge, that.
Speaker 2 (03:34):
Sort of thing.
Speaker 1 (03:35):
So what I'm saying is, in the end, if you
know what you're doing, the loyalty programs work, I.
Speaker 2 (03:44):
Would think, Okay, so some of them do right.
Speaker 3 (03:48):
And like for instance, when you're talking about where you
shop for groceries, I think shopping the sales flyers right
can be helpful ahead of time. So there's a site
flip dot com fl i PP two ps and you
can like type in your zip code and find the
stores nearby.
Speaker 2 (04:03):
And you might be shocked.
Speaker 3 (04:04):
It's saying, well, I'm getting this deal at rafts two
ninety nine for this beverage, But I didn't realize that
all these was actually selling it for a dollar ninety
nine and I didn't need no loyalty required.
Speaker 2 (04:13):
And so I think shopping.
Speaker 3 (04:15):
Around can help you at least be aware instead of
staying in that same vein of doing business with the
same company on repeat. And insurance companies are one of
the prime companies that take advantage of this. They it's
like the frog and boiling water, and as the water
heats up, you stay put and They're like, we're just
gonna keep ratching up those price increases, and you think, man,
(04:36):
I've been a loyal customer, I'm probably getting a pretty
good deal. And the truth is what's happening is those
insurance companies are saying, you're the more loyal you are,
the more we're going to charge you. The more you
shop around, the more you're gonna save, and so bouncing
around from insurance company to insurance company. It might not
always make sense, but at least getting those quotes every
couple of years makes a lot of sense because if
(04:57):
you are just kind of stuck in your ways and
you're like just you think of it almost as like
a badge of honor that you've been with the same
insurance company for twenty or thirty years. You're the one
who's paying for it.
Speaker 2 (05:07):
Yeah.
Speaker 1 (05:07):
I get that all the time on Handle on the Law.
I've been with them for twenty five years and they're
dropping me. Yeah, and I've done nothing wrong. Well, it
depends on geography, it depends on income, it depends on
your record, all kinds of things. Insurance is probably the
best example of shopping shop shop shop insurance.
Speaker 2 (05:27):
Because it changes, I agree every.
Speaker 1 (05:29):
Year it changes in terms of what it's going to
cost you, and I agree.
Speaker 3 (05:33):
So I think about just how loyal people are too,
like Amazon, and it's just it's because it's easy. It's
not necessarily because it saves them the most money or
and because of that, like we spend more than we
otherwise would and we're just like knee jerk buying stuff.
And I think we think of that as loyalty. And
the businesses that were that were, you know, buying stuff
(05:54):
from they thrive on our intense loyalty. And so I
guess I'm just saying call them the question how loyal
you are to certain companies, maybe you'd be better off
reconsidering how you're you're super close ties with some of
those companies that you do business with.
Speaker 1 (06:10):
All Right, a stat that you sent to me, which
I'm going really gambling ads can be seen every thirteen
seconds during major sporting events.
Speaker 3 (06:21):
Yeah, wow, it was shocking. It was a study done
specifically right after the Stanley Cup finals. And yeah, when
you're watching at some points during the game, whether it's
an advertisement, that's just like and think about how advertisements
of inundated live sports they're coming at you from every
which way, whether it's on a jersey now or on
(06:43):
the billboards lining the sidelines in a soccer game, or yeah,
in the case of hockey, it's you know, along the
outer side of the rink. And then just you know,
the actual commercials themselves too. And so we've seen sports
gambling just think about where it started just a few
years back, and now the proliferation of companies, the advertisements,
(07:03):
and I think really what we're seeing at this point
is the full normalization of sports gambling, and and it's
particularly predatory towards towards young men who are are betting
in much higher numbers, which makes complete sense. And then
you see the actual downstream effects of that. A decent
chunk of young men who have participated in sports gambling
(07:26):
are saying, hey, I'm actually addicted, I have some I
have some issues with this, and man, it creates a
lot of financial problems and relational problems the whole nine yards.
Speaker 1 (07:35):
Are we going to see these ads during the Super
Bowl coming up? Uh?
Speaker 2 (07:41):
Yeah, no, I think we will.
Speaker 3 (07:44):
And I think like there's just there's just uh the
amount of money that these companies stand to make by
and think about to bill back in the day, if
you if you wanted to gamble, you had to go
to Vegas or you had to do something like incredibly
illegal in order to access. Like the kind of people
you had to run with in order to gamble on
(08:05):
your favorite sports teams. They were CD folks, right, And
now it's just at your fingertips on your phone, gambling
when whenever you want. And of course, like you can
hide it so much easier. It's gonna lead, it's gonna
make it. It's gonna make it far more likely that
people are gonna develop gambling problems because of just the
ease of access and the way they make it sound
like it's fun, Like it's like playing candy Crush on
(08:27):
your phone.
Speaker 2 (08:28):
But this this version of if it can cost you
a lot of money to play.
Speaker 3 (08:32):
Right, yeah, this you know, I don't care if you
pay five bucks for candy Crush on your phone, but
if you're regularly gambling. And there's this also this like
male sort of mentality I think sometimes where they're like, man,
of course, I know which running back is gonna run
for the most yards this Sunday, Or you just have
this perspective you have to think you know more than
you do. Oftentimes about which players are gonna do what,
(08:54):
and that you have some sort of edge, but the edge,
of course always goes to the house.
Speaker 1 (08:59):
Okay, Hey, let's finish up with et F options. I've
never understood ETFs ever, you want to explain first of
all what they are. Explain it to me because I
just sort of don't get it, and I don't understand it.
It's almost like, you know, cryptocurrency. I'm going really, but
it's a real thing. So let's talk about ETF options.
Speaker 3 (09:21):
Yeah, so I'm I am totally a fan of ets
it has they have actually made investing easier for investors everywhere,
and and basically you can ETFs comes in come in
all shapes and sizes, and so you instead of a
mutual fund version of let's say an index fund, you
(09:42):
can have an exchange traded fund version of an index
fund and it just trades more like a stock, and
so it just it makes it easy. It's a one
stop shop for people to invest in a well diversified manner.
Speaker 2 (09:56):
What's an ETF.
Speaker 3 (09:59):
And it change traded fund. So it's basically it's a
collection of a bunch of different stocks in one basket.
So you can say, but here's the problem and here's
the rub. And the thing that's frustrating me about the
ETF market right now is that there's been this proliferation
of ETFs. I'm down with ETFs and what they're trying
to do and simplifying trading and reducing the cost of
(10:20):
trading for investors and making it easier to be diversified.
Instead of let's say you had to buy every single
stock in the S and P five hundred individually, that's
a chore. If you can buy one ETF that buys
the whole basket, and that makes it super simple. So
that's really cool. But the problem is, go ahead. The
problem is now that there are thousands and thousands of
ETFs available to us, so there's this choice overload and
(10:43):
really for most people, a dozen choices is plenty. And
so when you think about that, there are more ETFs,
more exchange traded funds that are essentially baskets of different
slicing and dicing of stocks. There are three dozen artificial
intelligence ETFs out there that you can choose from now,
three dozen, Like, is that really necessary?
Speaker 2 (11:04):
Well, it is.
Speaker 3 (11:05):
If you are a one of these Wall Street firms
trying to make money but as an individual investor, most
of these, this proliferation of ETFs, most of it doesn't
matter to you, shouldn't matter to you. And some of
my favorites are the most basic, low cost ETFs that
you can access through any of the best low cost
brokerage companies.
Speaker 1 (11:22):
By the way, it seems like you've just been describing
a mutual fund across the board.
Speaker 3 (11:28):
So ETFs are essentially the new version of mutual funds, right,
They just are easier to trade, and they have come
with lower costs of come alongside with the invention of ETFs.
But yeah, I mean they are kind of like the
new version of what a mutual fund used to be.
Speaker 1 (11:48):
Okay, Yeah, I just mutual funds do the same thing
my opinion, They buy different stocks. You buy sectors of
sock stocks. You can, I mean, there's thousands and thousands
of them. So, and by the way, how hard is
it to establish a mutual fund?
Speaker 2 (12:04):
You make a phone call and you send him a check.
Speaker 3 (12:07):
So you don't really do that anymore, bill most of
the time, right, you can just log into your account
and you can place that order.
Speaker 1 (12:13):
Yeah, I don't understand. Yeah, when I use the term
you can write them a check. I don't I wire
money in so yeah, yeah, I'm a dinosaur.
Speaker 3 (12:22):
I guess what I'm saying. What I want people to
realize is that, hey, you might have an abundance of
ETFs to choose from, but really there's only a select
few that makes sense for most people. And so maybe
don't let that choice overload cause you go in the
wrong direction. Do your research and make sure. I'm a
fan of the S and P five hundred or the
(12:42):
total stock market ETFs that are really low cost and
those make a lot of sense for a lot of people.
Speaker 1 (12:48):
All Right, Joel will catch you on Sunday, How to Money,
twelve to two pm.
Speaker 2 (12:53):
All right, thanks Bill, good one.
Speaker 1 (12:56):
I have not talked about Israel in a while, and
this is my wheel house. As you know, I'm interested
and very engaged in Israel for a whole number of reasons.
Speaker 2 (13:06):
You've heard me talk about it many.
Speaker 1 (13:07):
Times, and as I watch someone who is pro Israel
and virtually every aspect, I'm looking at this country becoming
a pariah country. The number of Palestinians who have been killed,
granted they started it, twelve hundred and fifty Israelis that
were killed in two hundred and fifty that were kidnapped
(13:31):
and held the hostage, and Hamas is still holding them hostage.
Speaker 2 (13:36):
In the meantime.
Speaker 1 (13:37):
The price they're paying for that is well over sixty
thousand Palestinian lives and eighty percent of Gaza destroyed or
severely damaged. And one of the fights, well, there are
two fights going on. One is the Charter of Hamas,
which is the utter destruction of Israel. As far as
I'm concerned, Israel can do virtually anything except kill innocent
(13:59):
people in those numbers. The other issue is a Palestinian
state where the Western world was against the Palestinian state,
would not vote for it. Why because the United States
was not in favor for it, of it because of
its connection to Israel and the Western world, now the
(14:20):
Eastern part in the Third World.
Speaker 2 (14:22):
They have always hated Israel.
Speaker 1 (14:24):
But the powers that be believe Israel should exist, and
at the same time, a lot of them believe the
Palestinian states should exist. There should be a dual state
area there. Well, there's a government now in Israel that
is saying that will never happen and the Palestinians will
(14:46):
never have a country. And there has been a backlash
on that where you have countries like France and England
who are about to grant recognition of a Palestinian state
who never would And how does Israel react? It doubles
down because of this right wing government, and does it
(15:09):
go on? Well, what Israel wants is the complete dismantling
of Hamas. They will not dismantle, and Hamas will let
one hundred thousand people die.
Speaker 2 (15:18):
And Israel is prepared to kill one hundred.
Speaker 1 (15:20):
Thousand people saying that we will not have a government
next to us that believes and tries to basically throw
us in the sea and wipe us out. Ain't gonna
happen now, can they ever do it? Will October seventh
ever happen again? You know, it took years to plan
that years and Israel it's very easy for Israel to say, Okay,
(15:46):
we're going to end this thing. If you try it again,
it's not going to be eighty percent of the buildings
that are destroyed or damage. It will be one hundred
percent and you will all be living intense for generations.
Speaker 2 (16:03):
Does Hamas still go forward with it? My guess is no.
Speaker 1 (16:09):
And so I've been talking a lot about this because
there is one minister, Bizael Smottridge, who is about as
right wing as they come and is calling for the
non recognition, the non existence of Palestinian state ever, and
he wants to annex the West Bank and make it
(16:30):
part of Israel, which of course effectively means there will
be no to state a solution to what's going on.
Speaker 2 (16:39):
Quick word, by the way, you may not know this.
Speaker 1 (16:42):
Do you know that everybody who lives in Israel is
an Israeli citizen, which includes Arabs who live in Israel
their Israeli, they have passports.
Speaker 2 (16:54):
They vote.
Speaker 1 (16:57):
West Bank no, because it's occupied territory and they don't
have the same rights. But in Israel, you know that
there are members of the Kanesset, members of their parliament
that are Arabs, and they vote and there is representation there.
Arab neighborhoods, Arab areas put their members in the Kanessset.
(17:20):
Now a couple of things. Do they have equal rights
to everybody else? Yeah, except for security purposes. They're not
going to put them on any security committees. That's never
going to happen. Israel will never let that happen. But
at the same time they're there voting. Now, do they
have much power, of course not, but they have votes,
they have legitimate votes. I wonder how many Jews have
(17:44):
votes in Gaza. I'm trying to come up with the numbers.
Probably not too many. Also on the West Bank, probably
not too many. But there are Israeli citizen Arabs, and
they complain about be treated as second class citizens. And
now what the reality is among Arabs in Israel who
(18:07):
are citizens of Israel. They're treated as second class citizens.
That's exactly true. All right, Okay. Earlier with Mokelly Mo,
I addressed at mister mo Kelly, Good morning.
Speaker 2 (18:24):
Mo, Good morning Bill. Okay, the Michael Jackson biopick. I
like biopicks.
Speaker 1 (18:30):
The one that I saw was about Bob Dylan, which
I thought was pretty good and the fellow who not
for got his name, but he's now an up and
coming after big time. And so now you have a
Michael Jackson biopick, and Paris Jackson is not particularly happy
about it.
Speaker 2 (18:45):
Explain what's going on.
Speaker 4 (18:47):
Paris Jackson, who is one of the later the daughter
of Michael Jackson, daughter of Debbie Rowe, his second wife,
has been very outspoken as far as not liking what
the biopick is supposed to portray.
Speaker 2 (18:59):
She thinks it's inaccurate.
Speaker 4 (19:00):
She thinks it presents more of the fantasy for fans,
not the reality of who he was as a father
in some of the issues withinside the Jackson family.
Speaker 1 (19:12):
As you know that, and I think this is right,
if I'm not mistaken, Debbie Rowe was his surrogate mother.
Speaker 4 (19:18):
That's been the I'll say, the conspiracy theory as far
as who is the biological mother of Paris Jackson, who's
now twenty seven. If you just look at Paris, she
does look like that she could be of mixed ancestry,
but she does not favor either of her supposed fairly interesting.
Speaker 1 (19:34):
And Debbie Rowe was the assistant or the secretary of
his dentist and being in the surrogacy businesses was.
Speaker 2 (19:44):
Huge, huge news. But by chance, have you seen the
biopic yet?
Speaker 1 (19:49):
No?
Speaker 4 (19:50):
No, no, It comes out in April of twenty twenty six,
but it's in the news right now because Coleman Domingo,
who's starring as Joe Jackson, Michael Jackson's father, made comment
that Paris Jackson and her brother, Prince Jackson, are both
in support of the project, and Paris said very loudly no, no, no, no,
she said, quote not my monkey's not my circus. God
bless and godspeed, And she's basically saying, keep my.
Speaker 2 (20:12):
Name out of it. I have nothing to do with
this project.
Speaker 1 (20:15):
And do you have any buzz on it at all
or that's coming out that is close to reality or
not close to reality.
Speaker 4 (20:24):
It's a biopic, it's not a documentary. And since it's
being done by the family, it's Michael Jackson's nephew who's
going to be starring as Michael Jackson, that says to me,
it's going to be a tool to further promote that
Michael Jackson legacy, not tell a lot of the truth
about some of the controversies. It's supposed to run from
his childhood stardom as a lead saying of the Jackson
(20:45):
five to the time in which he started having legal
issues as far as being accused of child sexual assault.
But the belief is still is going to be more
complimentary than is it going to be authentic.
Speaker 1 (20:57):
Okay, well, I'm sort of going to look at it.
Been some really good ones. The one Elton John's biopick
was just great, god awful, No, Hell's great. Well, there
you go. So how about this we agree to disagree
and you're wrong.
Speaker 2 (21:13):
Did you see Billy Joels? That was great with the
documentary on Billy Joel. Yeah, the two parts on HBO mets. Yes,
I saw. It's phenomenal. Yes, it is agreed.
Speaker 1 (21:22):
Absolutely, you get you get a sense of who Jilly,
who Billy Joel is that you never knew before, and
what an interesting human being he is. And this one
we both agree on and you're right. Thank all right, Moe,
catch it tonight at seven o'clock Bill right here on
KFI and I am taking phone calls.
Speaker 2 (21:45):
I'm starting in just a few moments.
Speaker 1 (21:46):
As for I lock out off the air, and it's
for marginal legal advice. So I'll accept your I'll take
your marginal legal questions, give you marginal legal advice.
Speaker 2 (21:56):
You can call in right now.
Speaker 1 (21:57):
And as I always say, no commercials, no weather, no traffic,
and no patience on my part. The number is eight
seven seven five two zero eleven fifty eight seven seven
five two zero eleven fifty.
Speaker 2 (22:10):
We're done. Coming up tomorrow.
Speaker 1 (22:12):
It's a Friday, which means we have foody Friday, we
have ass candle anything and whatever else and wants to
throw into the mix.
Speaker 2 (22:21):
This is KFI AM six forty. You've been listening to
the Bill Handle Show.
Speaker 1 (22:27):
Catch my show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
The Bill Handel Show News
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