Episode Transcript
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Speaker 1 (00:04):
Welcome to Financial Issues, where we join the reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen then as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:24):
Good morning, Welcome to Financial Issues.
Speaker 3 (00:26):
Thanks for tuning in today. We're so glad that you're here,
and we're so glad that we're here. We've got a
lot to talk about today, so we'll get started right
away if you're tuning in for the first time. Financial
Issues is a ministry that helps to educate people about
financial issues from a biblical worldview. So our calling is
to equip the saints of the Church, to educate, edify,
(00:51):
and encourage the saints of the Church and the ways
of stewardship, specifically to defund darkness through a biblically responsible
investment strategy and to be a joyful, generous, and obedient giver.
We call that funding the Light. So on today's show,
we're going to get to your calls and question. It
is rapid Fire Friday six ten three six three eleven
(01:12):
ten is the phone number that you can call.
Speaker 2 (01:14):
You'll be the first caller in the call que.
Speaker 3 (01:17):
We'll also get to the latest economic information, which we'll
do here shortly, getting you caught up and in the know,
and we'll get encouragement from the scriptures as always as
a reminder, if you're a partner, or if you're not
a partner, we have a way for you to get
directly involved right now. We recently issued a sell alert
for Tesla stock based on biblically responsible reasons, and we've
(01:41):
drafted a position petition. We're asking you to go to
the web page and to sign it. But first, let's
get you caught up at financial issues. We help you
to stay in the know about the financial issues of
the day. We help keep you abreast of what's happening
in the economy and the markets and help you understand
how that impacts your own personal financial issues. So I've
(02:04):
got several takeaways from this week that is ending August
the ninth, twenty twenty five. Let's start with the latest
debt data.
Speaker 2 (02:13):
Nope, I'm not going to go on.
Speaker 3 (02:14):
A tirade about the US government debt or deficits that
we're running. I'm going to talk about the individual household.
The individual household debt has jumped by one hundred and
eighty five billion dollars last quarter. We've now hit a
new record high of eighteen point three nine trillion dollars
in household debt. That's just one part of the story.
(02:37):
According to Fox Business, student loan delinquencies have surged to
their highest level in twenty one years. New data from
the Federal Reserve shows that the share of student debt
that's ninety plus days past due climb nearly thirteen percent
at the end of June, up from just eight percent
(02:57):
in March. To give you some percent perspective on that,
before COVID, those delinquency rates hovered between nine and ten percent.
Why is that important because as Christians, we need to
be wise when it comes to using debt. Now, part
of the thing that's happened is that students students who
had loans were given a pause or a hiatus during COVID,
(03:20):
which was almost perpetually extended by the Biden administration because
of their desire to forgive lots of the student debt
in this country. Now that hiatus has expired, and students
who have borrowed money to fund their school educations their
college educations are being their payments are being reinstituted and
(03:45):
many are falling behind. Why is this important because as
Christians we need to be wise when it comes to
using debt. The world and even our government, especially our government,
are modeling some dangerous financial habits for us. We are
being conditioned to live in a state of perpetual debt.
(04:07):
The government prints money at will to fund all kinds
of things that a government has no business paying for.
Shifting gears a little bit, mortgage rates and housing affordability
and other topic that we talk a good bit about
on this show because we know that it touches all
of a lot of your lives in a.
Speaker 2 (04:27):
Really big way.
Speaker 3 (04:28):
The current thirty year mortgage rate is now sitting at
about close to six and a half percent, with FAHA
and VA rates flashing six point one two to six
point one three percent most recently. Mortgage rates, to give
you a perspective historical perspective on this, begin to rise
from under three percent and first breached six percent in
(04:52):
the fall of twenty twenty two. Mortgage rates peaked near
eight percent in twenty twenty three, and while they've come
down slightly, they're still historically higher than the four to
five percent rate range that we had been accustomed to
in the decade preceding the pandemic. Now that's only part
(05:12):
of the affordability problem. Home prices have soared by sixty
percent over the last six years. That increase in home prices,
maybe more than mortgage rates, has made the American dream
of home ownership feel completely out of reach for many.
I know I'm probably preaching to the choir for those
(05:34):
of you who are trying to acquire that attain that
dream of home ownership. So here's the dilemma. How do
we get home builders to build affordable homes when mortgage
rates are high and demand for homes is under pressure
because of those mortgage rates and land, labor and regulatory
costs are so high. Well, part of the answer lies
(05:57):
in getting inflation stabilized, which I think we've done. We're
pretty pretty well there. Maybe prices aren't at the inflation
isn't at the two percent target for the FED, but
their goal is not two percent, its price stability, and
I think we're pretty well there. The other part that
(06:18):
the government can do without getting too involved in the
private market is to loosen regulations, in fact causing them
to go the other way, get their their thumb off
of top of all of the home builders and start
to ease some regulations, and that can go a lot
of ways to help. Turning our attention to the markets.
(06:40):
This week, the markets took a bit of a breather
from their recent trend of making all time highs just
about every day, multiple times a day, but they're still
training very close to record levels. So here's the breakdown
since last Friday. No new highs this week, but the
markets are still The equity markets are still hover near records,
(07:01):
and just in the last week, the Dow is up
about three quarters of a point, the S and P's
up almost a point and a half, and the nastac's
up almost two point. The pre markets this morning are
in positive or indicating a positive open, somewhere around twenty
to twenty five basis points higher than what they closed yesterday.
Speaker 2 (07:21):
So we talked about this.
Speaker 3 (07:27):
The state of the markets being at all time has
in our weekly commentary to our partners on Tuesday. If
you're not if you are a partner, I would encourage
you to go go read it. We have issued some
updated guidance and cautioned our partners who are following the
fism strategy. So let me be clear, there are plenty
(07:47):
of reasons to believe this market could keep going higher,
and many people do believe the market will go higher.
When the news is coming up all roses and you know,
there's very little negative things to talk about. There's over
seven trillion dollars sitting on the sidelines in money market
funds that could potentially come into the market, driving prices
(08:10):
even higher. Tax cuts and deregulations mean more money in
the hands of consumers and businesses. As those things begin
to play out over the coming months and years, corporations
are seeing less red tape, which can help them improve margins.
I think of one example, like pertaining to cars, and
(08:32):
the standards that cars have to be made by can
increase the cost of a car by six thousand dollars.
Loosening those regulations doesn't mean that we're going to just
start being very irresponsible from a climate perspective, but it
does mean that car makers are going to have more
(08:52):
latitude in how they build their cars, which is a
good thing. Let the private market do the private markto thing.
But if we look at history as a guide, when
everyone is overly optimistic, it pays to be cautious.
Speaker 2 (09:08):
There's an old Wall.
Speaker 3 (09:09):
Street saying that says, be fearful when others are greedy,
and greedy when others are fearful. Now, neither fear, nor
greed or emotions that Christians are called to live by.
We are called to walk in wisdom, to not be
led by our wicked hearts or our emotions. We are
to be grounded in our faith, not in market momentum.
(09:33):
Christians are called to be grounded in faith, knowing that
the Lord owns all things, and that he provides generously
for his children on every occasion. In every topic, we
should look to the wisdom of the Lord rather than
adopting the wisdom And I say that tongue in cheek
of the world, or in this case, the wisdom of
(09:53):
Wall Street. As hard as it is to step back
when everything seems to be going up, I believe now
is a good time for investors to reassess. I'm not
telling you to panic. I'm not telling you to sell
everything and go to cash. I'm telling you to stick
to your rules based strategy. Consider rebalancing your portfolio back
(10:14):
into alignment. If you've drifted too far out of your
allocations and again, if you're a partner, read the commentary
for practical suggestions on how to put this into practice. Well,
I got a little bit more to get us caught up,
but we'll have to pick that up on the other
side of the break. Our phone lines are open if
(10:34):
you want to get your call queued up. Six' ten
three six three eleven ten is the phone number to.
Call you'll be the first caller in the. Queue stick.
Around i'm your, Host Shanner. Bert we'll be back with
more financial issues right after.
Speaker 4 (10:47):
This securities offered THROUGH Ga repel And, company a registered
Broker dealer And Investment advisor MEMBER finra AND. Sipc opinions
(11:10):
expressed By shanna are hers alone and are for informational
purposes only and do not necessarily represent those OF Ga
repel or the. Outlet on what you are, Listening you
should consider how the information applies to your situation prior
to personally implementing, it and consult any financial professional you
work with to make sure it's applicable to your financial.
Plan welcome, back.
Speaker 3 (11:33):
Everybody if you're listening, live which is eight to nine
Am Central standard tom nine to Ten Eastern, time then
our phone lines are open and you can get your
call queued up in the CALL q six' ten three
six three eleven ten is the number to call now
if you're not listening to the. Program live there's so
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(11:55):
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Your podcast We're on Apple, and spotify so there's so
many ways that you can. Catch us you don't necessarily
(12:18):
have to tune into the, live show but if you
are tuned in and you've got, a question six' ten
three six three eleven ten is the phone. Number, to
call well let me get back to my thoughts on
the latest economic and market moving news. For the week
let's take a look at the Labor MARKET and. Trump's
(12:39):
bls shakeup, so this actually this news actually, broke last week,
AND you know i didn't hear a whole. Lot of,
it you know it was a topic that popped up
on mainstream media then kind, of fizzled out but, in
my eyes it was. Really pretty significant You've Probably heard
(13:00):
president trump fired very publicly the Head of The bureau
Of labor and. STATISTICS last week a, LOT of people,
i would say the general public mostly doesn't know much
of anything and doesn't Follow what The bureau Of labor
and statistics does unless you're sort of a economic nerd
geek like. Some OF us but i think it. Is
(13:21):
Big news so i've been saying a lot for a
while that the economic numbers just haven't seemed, to add
up or they were. A bit confusing it's, hard to
make very hard to make, data driven DECISIONS like the
fed says that they do when you can't really trust
(13:42):
how the data. Is, being Gathered sure now i'm talking
in relation to the non. Form payroll revisions, numbers revisions
happen and they happen because of the way that the.
Data is collected without getting too deep into the, weeds of,
it you know it's not. Real time data it's done
through surveys and very, very outdated methods and then when
(14:06):
the real numbers start, to come in there's revisions made
and different. Things like that so The scale what i'm
trying to say is that the scale of revisions over
the last few years has really been. Out of control,
so you know it just makes it appear that someone
doesn't know what they're doing or is not doing the
job to the best.
Speaker 2 (14:24):
Of their ability so.
Speaker 3 (14:26):
There were millions of jobs that were originally reported that
were originally reported that were. Quietly, revised away now this
happened last last year in a, really BIG way and
i thought that. Was very significant, so you know there are,
many asking now was the firing of the HEAD of
the bls political or?
Speaker 2 (14:46):
Was it, justified you know there are, those.
Speaker 3 (14:48):
That, say, You know oh trump just wants to have
somebody in there that's going to be, a political, puppet
you know just like we had during. The last administration
but they'll be just saying. A different message or. Was
it justified that's currently. Up for debate so it does
seem pretty strange that the reports of millions of jobs
(15:09):
being Created under the biden administration that were eventually revised
away with the stroke of a Pen had gave biden
really good talking points on how to say how great
his administration was and how many new jobs. Were being
created but, then you know there wasn't a whole lot
of attention paid whenever they came, back, and said, well
(15:29):
you know maybe a million of those jobs really didn't. Exist,
at all, SO you know i guess there's no real
proof at this point that the numbers, have been, manipulated
you know are reported fraudulently. For political purposes but there
is no doubt in my mind that there has to
be a better way of coming up with those numbers
(15:50):
than the way that the government has done, it, through,
surveys assumptions. Adjustments and models so had the HEAD of
the bls been focusing on doing her job to the best,
of her abilities, in my opinion she would have been
trying to figure out a way to make the numbers
more reliable and not have. These huge revisions that should
(16:12):
have been a, huge, red flag like if we're reporting
these numbers and then having to do, these major revisions
what's wrong? With our model how can we? Do something
different how can we do a better job of getting?
The numbers right even if it was not politically motivated.
In any way so there's no reason that the LEADER,
of the bls this agency should persist in living in
(16:35):
the data dark ages when she has access to the
kind of technology that's. Readily available today there's no doubt
that we need better methods, than, outdated surveys models and
ADJUSTMENTS that the bls has been using since. The nineteen
seventies there's no reason to still be collecting employment data
(16:57):
like it's nineteen seventy when it's two thousand. And twenty
five what's on tap, For, next week well here's. What
we're watching we'll get the latest. Read ON inflation THE
cpi and Ppi numbers for july will be, reported next
week as well, as retail sales which gives us a
key read. On consumer behavior and we'll hear the latest
(17:24):
data collected from, about Consumer sentiment how americans are feeling.
About the economy because The way, that AMERICANS feel or
i would, like to say the way that we think
about what is happening in the economy leads us to
make decisions about how we spend or don't, spend our
money how we save or don't. Save our money so
(17:47):
what does this? Mean, for YOU well the fed is
going to make Another, decision in september another, interest rate
DECISION and the fed claims to be. VERY data dependent
I think the fed is data dependent on, some somewhat
questionable maybe even flawed data which has made them consistently late.
(18:10):
IN recent history a faltering labor Market will give powell
the data he needs to make better decisions when he
can see that that data is actually. Happening, real time
now whether he will make that decision or whether he
will continue the feud Between He, and president trump Refusing
(18:31):
to give trump what he wants even if the, data,
shows that hey that's probably the right.
Speaker 2 (18:36):
Thing to do that is yet.
Speaker 3 (18:38):
To be seen so now that you're in the know
about the recent and upcoming financial, issues impacting you we
hope that you will learn more about how we can
help you integrate those issues into. Your own stewardship find
out more about how we can help you defund darkness
with our biblically, responsible investment strategy and keep tuning in
(19:01):
to be encouraged and edified to, be, a joyful generous.
And obedient giver all the information about our ministry and
our partnership can Be found at financial. Issues dot, org,
ALL right folks i mentioned it briefly in, the first
segment but we do want to generate a lot of
support for what we're trying, To do here so we
(19:24):
issued a Sell alert for tesla recently based on some
activities that we Have learned that tesla does that do
not align Well with. Our christian faith and, So you
know tesla does have a policy of offering benefits to
employees that enables them to have the company pay for
(19:49):
some travel if they need to go get quote unquote healthcare.
In another state we read, between the lines we know.
What that means It means that tesla is paying for
people to go across state lines to get abortions when
it is not legal. In their state we don't want
the money that We've invested in tesla to be used
(20:12):
to support that. Kind of garbage tesla also has a
policy of paying for transgender surgeries and along that line
of benefits that they offer. To their employees so again
we don't want to be involved in those. Kind of
(20:32):
things when you invest, in a company when you buy shares,
of a company you become an owner. Of that company
as an owner, of the company you want that company
to operate in excellence and just do. What they do,
so you know If, you own Tesla you want tesla
to make the. Best ev possible you want them to
sell a. Lot of it you want them to also
(20:55):
do the other things that they're engaged in the robotaxis
and the robots and different. Things like that so You
don't want tesla to be using shareholder dollars to fund
agendas that you. Don't agree with you don't want to
be forced to be yoked. With woke agendas and so
(21:15):
when we find out that a company, is doing that
then we we. Sell their stock we make a it's
a personal decision that we want To honor the lord
by not allowing the dollars that we've been trusted to
manage to be funneled toward. A dark agenda so we
do it as an. Act of worship we do biblically
(21:35):
responsible investing as an. Act of worship but then we
want to be. Vocal about it we want to speak
up and we want to let, these, companies know hey
this is why we're not Going to be you can't
count on us to be shareholders, of your organization and
it's because of the things. That you do, would you
please we're not asking you to go down to the
river and get baptized as d and used, to always
(21:56):
say but we will pray.
Speaker 2 (21:57):
To that end but what we want you to do is.
Speaker 3 (22:00):
Just stay neutral don't use THE money that i would
invested or the money that the company has made that
should rightfully be returned to the shareholders to support these
things that don't line Up with.
Speaker 2 (22:11):
Our, christian values well we ran close.
Speaker 3 (22:17):
TO the end i think we're going to have to
wait until the next segment to Get To our Stewardship,
versus the day which is sad for me, because you
know that's a lot of times the most important part
of the Show that we you know that we talk
About what the bible says about money and, about stewardship
issues and we encourage you to follow that and to
(22:38):
be able to apply that into. Your own situation so
we do hope if you're watching live that you will
stick around for, the next segment and if you are
listening on an outlet that only carries the short version,
of the show that you will find another way to
get the whole entire show so that you can Listen
To this stewardship Versus of the day and THOSE things
(22:58):
like i mentioned, at the beginning are we're on. Most
social media's the best way to get us is to
download our phone app so that you can have us
with you. Wherever you go listen to, us on podcasts
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On social media you can help us out there by going, on,
(23:18):
and liking subscribing doing whatever you do, on social media
because that tends to boost algorithms and it puts our
content in front of more people like you who, are
like minded who Want to honor god in their stewardship
and want to be good steward so that one day
they can, hear well done good.
Speaker 2 (23:38):
And, faithful stewards.
Speaker 3 (23:39):
Well stick around if you're listening to. The whole, hour
if not we wish you. A good day.
Speaker 2 (23:44):
I'm your host sheanivert will be back right.
Speaker 5 (23:46):
Up the break.
Speaker 6 (24:05):
Welcome Back.
Speaker 2 (24:06):
To financial issues thanks. For hanging around we've got a
lot to.
Speaker 3 (24:09):
Talk about today we're going to get to our stewardship,
versus the day but first let's get. To a caller
they have been. Waiting so patiently we're going To. Get
to nancy Nancy's Calling, From. Colorado. Springs, colorado hi nancy
You're Live.
Speaker 5 (24:22):
On.
Speaker 2 (24:22):
Financial issues hi this is THE first time i.
Speaker 7 (24:27):
HEARD about you i just happened, on To you so i'm.
Happy about, that, Oh.
Speaker 2 (24:32):
Well awesome Thanks.
Speaker 8 (24:33):
For, Calling nancy welcome.
Speaker 2 (24:36):
Thank, You, all right nancy how can? We help you? What's,
YOUR question.
Speaker 7 (24:42):
Well i was calling TO. Ask about xrp if that's
a call, THAT you take i don't know if you
know about it. Or Do That, but kim clement many
many years ago GAVE the letters x and he didn't know,
(25:04):
the next one BUT he SAID. X blank p and
then Also he recommended tesla many. Many YEARS ago so
i believe he is A. Prophet of god he's. Passed
away now, BUT so anyway i was considering BUYING, from
(25:24):
THE xrp and i don't know if you do. That
OR not.
Speaker 2 (25:31):
So i Am Familiar. WITH.
Speaker 3 (25:32):
Kim clement, i you know one of the things that
concerns me with prophecy and things like that is THE.
Advent of ai so there's so many things out there
that can be even in just, In mainstream media clipping
(25:52):
out a part of what someone says doesn't necessarily mean
that it's in, the right context so, it can, be.
You know skewed i'm not saying that this Particular thing
is i'm not familiar with the content that you've actually.
Seen at all cryptocurrency is not part of our strategy
(26:13):
in any big. Way at all so you can't even,
to My knowledge now i'm not, a crypto expert but
you can't REALLY even buy xrp yet in a traditional
brokerage ACCOUNT like an ira or. Something like that you're
going to have to get on a crypto exchange like
a Coinbase or a bindiance, or you know something like
(26:33):
that where you can. Actually buy it it is a very. Very,
speculative investment, so you know we were kind of talking.
In the break we saw the, topic coming up, AND
you know i guess the guys in the control room have,
seen even, prophecies people, saying you know saw in A
dream that god told me to buy this or or.
Speaker 2 (26:55):
To Buy that, WHAT i'll.
Speaker 3 (26:57):
Say i don't want to call anybody a false prophet
because especially with out even hearing their testimony or. Anything
like THAT but what i will say is to be. Leary,
about that, so you know when you're hearing information from
a from, a certain standpoint think about what. Their motive
is so is their motive, to tell everybody to Tell
(27:19):
all the christians how to get rich and defy conventional wisdom,
and you know, do outlandish things or is it, really,
more like well if a lot of people, Watch my
video i'm gonna make a lot of money from the
social Media outlet, that i'm on especially if.
Speaker 2 (27:35):
It goes viral are those.
Speaker 3 (27:37):
Kind, of things, so you know one of THE prophecies
that i Believe, in the bible it says in, the last,
days you know many are going, to BE deceived and
i think that the social media platforms that we have
these days provide exactly the platform for. Making that happen
anybody can get out there. And say anything and, even
(27:59):
with that with The, advent of, ai you know people
are starting to ask a lot of things and to
not think for themselves and to not really Dig in
and seth, Mentioned, you know seth say?
Speaker 2 (28:10):
What you, said, And, sure.
Speaker 8 (28:12):
Sure, Shanny, you know nancy what's so important with?
Speaker 6 (28:14):
Something like, this you know anybody can come, out, and say,
yeah YOU know when i heard This. Thing From, god
as christians the first thing we have to say when
someone says that is we have to align it with
the revelation we Already, have from god Which is The.
Word of god and if it lines, up with that
that gives. Credence to it, if it doesn't then we
have to assume that person probably is a False, PROPHET
and shannon i think. You're exactly right you have to
(28:34):
look at the motives behind, this, and say okay there's
some pretty leary. MOTIVES behind this i think a standpoint
of caution and leariness, is very.
Speaker 8 (28:43):
Wise very wise.
Speaker 3 (28:45):
So have people made a lot of? Money in crypto
is there the potential for? That, to happen, yes there,
is they have and there potentially can be, because you
know the interest in crypto has made crypto.
Speaker 2 (29:00):
PRICES go UP i.
Speaker 3 (29:02):
Just i can't find a lot of backing, at this
point a lot of compelling reasons to be involved in crypto,
other than hey it's made a lot of people a,
lot of money, and you know everybody thinks it's gonna
you know, or not everybody but a lot of people
think that it's going to continue. To, GO up, so
i mean our strategy is much more rooted in, owning
individual companies companies that are tangible that, you can see that,
(29:26):
you can feel you can you can go, buy their
products so you can. Buy their services you can listen
to an annual report about how they've actually done, in
real life how many, widgets they've sold what their expenses
were in, selling those widgets what their projections are, for
the future how different things that are happening in the
(29:46):
economy are going to, impact their business whether that's the
loosening of regulations or the tax refunds that a lot
of people are the bigger tax refunds that people are,
going to, get you know in. The, coming quarters, So
you know i'd rather live.
Speaker 2 (29:59):
In in that.
Speaker 3 (30:01):
TANGIBLE world where i, can SEE things where i can
have a relatively good idea of what's actually how what's
actually making, an investment tick rather, than, just saying hey.
There's this idea because there's so much fomo when it,
comes to cryptocurrency there's so, much you know emotion that
(30:25):
is Packed, in that hey this has, done so great
it's going, to go. Up YOU know and i think
about all of the mean coin things and just. It's
JUST craziness and i think it's a result, of you
know they're just being so much money out there and
it needs a. Place to go, so you know it's
like places for it to go are being invented. All
(30:47):
THE time so i Hope. That helps nancy it's not
a part of our. Of our strategy i'm, not saying,
That you know i'm not calling out anybody to be
a false prophet or. Anything LIKE that but i Don't
Even know kim clement's, not even here so we, Can't,
ask him HEY is? This xrp thing do YOU think
this xrp thing is the thing that you? Were talking
(31:07):
about it could be. Something totally different it could be taken,
out of context and it COULD even. Be ai generated, And.
Speaker 8 (31:18):
You know shanna what you just mentioned was.
Speaker 6 (31:19):
So important too how something like this differs FROM our
strategy i.
Speaker 8 (31:23):
TEND to believe i know.
Speaker 6 (31:24):
You do too our strategy is based upon what, the
scripture says and the scripture talks about building, wealth not
quickly but little by little. And with wisdom so if
anyone comes, out, AND says hey i, got this Cryptocurrency
you know i'm, predicting this thing it's going to make
you a. Lot of money that automatically Contradicts what the
bible says because it's, little, By LITTLE right so i
just think.
Speaker 3 (31:43):
That's, SO important, yeah i, mean you know you could
end up getting into a company that goes up. One
thousand percent that's the case for some of the stocks
that have been on our list over the, last few
years but it's not for some. Really unfounded reason it's
based on. Real, agible things yeah.
Speaker 2 (32:03):
So thanks for Calling, you and si we're so glad that.
You found, this.
Speaker 3 (32:08):
All right we need to shift. Gears into that stewardship
versus the day to get it, In.
Speaker 8 (32:12):
Sounds good, And, you know shannah why don't we do
this before?
Speaker 6 (32:15):
We, do that guys why don't we hold off on.
The ag today that way we can have some ample
time to actually.
Speaker 2 (32:20):
Get, To, it shanna, OKAY thank you i.
Speaker 3 (32:22):
FORGOT about that i was thinking of my clock flagging
BECAUSE it says i have three, minutes all right.
Speaker 7 (32:27):
Set.
Speaker 2 (32:27):
Some time yep maybe we'll do it in the.
Speaker 3 (32:29):
Four second out so Stewardship versus the Day comes from
psalm thirty seven. To twenty one the wicked borrows but does,
not pay back but the righteous is.
Speaker 2 (32:38):
Generous and gifts that's. What, you thinks well, This.
Speaker 6 (32:40):
Is great shanna you know we've talked about this debt
not being. An evil thing debt is, not inherently evil
but we have to be very careful not only with how,
we use it but how much we. Can borrow too,
knowing The wicked, the bible says are the ones who
borrow what they, cannot pay back so we got.
Speaker 8 (32:54):
To be righteous we got To be, like god himself
generous with. A giving heart i think. It's, so important,
yeah you.
Speaker 3 (32:59):
Know there, are some advisors like financial advisors or Even
advisors in christian circles that would have you believe that
this verse stops short at the wicked borrows And somehow
forbids christians or discourages the. Use of debt but that's
just not. The whole picture this verse is not forbidding
or Even suggesting that christians should never use. Debt or
(33:20):
leverage it, is totally permissible, in my Opinion for a
christian to make a loan, in good faith meaning that
they have thoughtfully, counted the cost and they believe that
they have the resources to make good on that debt
or that loan in the manner that they promised to.
Pay it, back for example if you borrow money to
buy a home, or a car you have faith that
(33:41):
you will be able to exercise your time and talent
in a useful way so that you will generate money
in the.
Speaker 2 (33:48):
Future to pay. Off your debt we.
Speaker 3 (33:49):
Call that work and, if circumstances change you will be
willing and able to sell or surrender that asset to
satisfy the rest. OF the debt i often say that
if you have the resources to pay off, what you
owe you are not. Actually in debt you are you just.
Have a loan resources that enable us to pay someone
(34:10):
back include more. Than just money It includes our god
given ability and our. Willingness to work it includes equity
and the object, that you're purchasing or perhaps are perhaps
value stored in other assets that you may own that
you could sell to get the money to pay. Off
the loan on, THE other hand i know a couple
(34:31):
who even Profess. To be christian they knew that they
were in over their, heads with debt and they were
having trouble just servicing that debt making. Their monthly payments
they planned, to file bankruptcy so they went out and
maxed out all of their credit cards and lines of
credit with the intent on only repaying the portion that
the court was going to make them pay back. Under,
bankruptcy laws this, in my opinion was an evil act
(34:54):
with evil. Intent at best they're irresponsible or. Deceived at
worst their t. Just choosing evil so what, the heart
gets what the verse gets here is to the heart.
Speaker 2 (35:05):
Of the matter we want to. Be good stewards we
want To follow the.
Speaker 3 (35:09):
Scripture to the letter and be honest and righteous in all. Of,
our dealings, well stay tuned we're going to be Back
With more financial issues.
Speaker 5 (35:18):
Right after this.
Speaker 4 (35:27):
The opinions and recommendations expressed on this program do not
necessarily represent the opinions of the station or any of. The,
program sponsors additionally all products or services offered by the
program sponsors may not be known. By the program Welcome Back.
Speaker 3 (35:45):
To financial issues thanks for sticking with us all the way.
Speaker 2 (35:48):
To the end I'll mention that.
Speaker 3 (35:50):
Tesla petition again whether you're a partner or, not a
Partner Go to financial.
Speaker 2 (35:55):
Issues dot org.
Speaker 3 (35:57):
Read the petition you'll get a really great idea, of
you know where our heart is on this matter and
what we're. Trying to, accomplish and then Whether you own tesla,
or you don't or, you ever did you can still
sign the petition indicating that you want companies to remain
neutral in the culture war and, that you know we
(36:18):
want to be able to have a lot of companies
to invest in that are just. Doing good business we
don't we don't want corporations in. The culture war so
let me pick up. A little bit you Know this
was this was such a good verse of the day
and such a good topic as it. Relates to stewardship
and you know what our verse was getting to today
is to the heart. Of the matter the way that,
(36:40):
we steward, resources including debt does not make us. Righteous
or unrighteous the only thing that can make us righteous
at all is To believe in jesus as our savior
and submit Our lives To. Him as lord how we
exercise stewards especially when, resources are limited doesn't. Make us
(37:04):
righteous it reveals whether we are. Righteous or unrighteous so
it shows The world which. God we serve do We
serve the God of The, Bible of Abraham, isaac and
jacob or Do we serve? Mammon for money let us
be righteous by Choosing to follow jesus and then by
(37:26):
pointing The world to him by being a good steward
in all of. Our financial affairs you want to hear
more About how following jesus can make you a blessing
to others by enabling you to. Exercise good stewardship follow
financial issues, on social, media our podcast or. Our life
broadcast if you want to go deeper and pursue stewardship
(37:50):
in the way that you. Manage your investments. Become a
partner it's just one hundred and thirty two. Dollars a
year you can find out more about all of that
at financial. Issues dot, Org all right bob's been. Waiting
so patiently Let's. Get to bob Bob's. Calling, From, ohio
hi bob Your Live. On Financial, issues.
Speaker 9 (38:13):
Hi, Shana good. MORNING good morning i just want to
say thank YOU to, the fism team and you guys
are doing. A great job we appreciate. You so.
Speaker 2 (38:23):
Much Thank, You thanks bob you're WELL.
Speaker 9 (38:27):
And so i. Appreciate the commentary that was a great
commentary that that. Most recent one and my question is
the fact that you want us to, slow down, on
you know investing a lot of money, at this, time
you know putting a lot of new money into the market.
At this time but what my strategy has been is
(38:48):
investing just as a as like a future savings about
twenty twenty to twenty five hundred dollars a month In areas.
Where i'm underweighted would you think that'd still be a
good strategy to continue, Doing THAT regardless.
Speaker 3 (39:06):
So i do like a discipline strategy of. Dollar cost
averaging the OTHER question that i would have is you
know which model are you following and how much do you?
Keep in cash so if you're adding new money in
at all times and the market, does pull back and
we're not really necessarily interested in what, The market's doing
we're interested in the stocks and the positions that, We
(39:27):
invest in so if those do pull back and you're regularly,
putting money in you'll be able to take. Advantage, of
those now if you're investing two thousand or twenty five
hundred dollars a month to a two, MILLION dollar PORTFOLIO
i think i would lean toward letting that cash build
up a little bit over and above the target that
(39:50):
we have published for.
Speaker 2 (39:52):
Our, cash holdings now if.
Speaker 3 (39:54):
It's two thousand or twenty five hundred dollars on one hundred,
THOUSAND dollar portfolio i, would just say continue doing and
things just as. You've been doing so you really have
to put it in perspective at this.
Speaker 2 (40:05):
Point in time.
Speaker 3 (40:07):
The guidance that we've suggested is especially things that we've taken.
Off the bylist so we sort of took a systematic
approach and looked at valuations for the things that we've
removed off of the. By list recently, so you know
if you've bought those things from, an inside perspective knowing
when we put them on the by list and how
(40:27):
much you might. Be potentially up we know what that does.
To a portfolio returns have been really concentrated in, a
certain sector like the mag SEVEN and the, ai related
sectors and so we're operating on the assumption that those
parts of your portfolio are now much larger than they.
Probably should, be SO again as i said, in the
(40:50):
commentary we may be a little bit. Early on this
we may see the markets continue, to go up but
it's just there's cause for. Pause for me and it
really Just depends on i'm not suggesting you go fifty
percent cash or. FORTY percent cash i would take a
look at, your portfolio tracker and if your, target is
(41:10):
six maybe you increase that, to, you know ten, fifteen
or twenty just depending on your own personal comfort level
and your. Own risk tolerance if you're YOUNG and, like
i said if you, if you're younger that means that
your portfolio. Is probably smaller and so if you're putting
in twenty twenty five hundred. Dollars a month that represents
(41:32):
a much larger percentage of. Your overall portfolio, so you,
know go ahead it just it all depends, on you know,
where you are what the size of, your portfolio is especially,
in this, case.
Speaker 7 (41:48):
Make, good tex question have, A Great.
Speaker 2 (41:49):
Weekend, Thanks Bob.
Speaker 8 (41:51):
Awesome thanks. Bob that's.
Speaker 3 (41:53):
Great all right so he kind of forced us to
reveal our hand a little bit on what we're.
Speaker 2 (42:00):
Suggesting to partners.
Speaker 3 (42:01):
BUT that's, okay i mean this, is you know this
is for, the general audience and you know you can
it's sometimes hard to read between the lines on what
we're telling our partners to do if.
Speaker 2 (42:11):
You don't know and this isn't intended.
Speaker 3 (42:12):
To Scare you and i'm not trying to call the
top of the market and tell everybody to time the market,
and get out because if you know anything, about our
strategy you know that that's not our. Strategy at all
we don't try to. Time the Market so all i'm
saying is to be a little bit. Cautious right now
it's always good to, have dry powder, because you know market,
pullbacks do come and when, extended pullbacks come it's typically
(42:37):
for a. Pretty good reason and the companies that tend
to get hit the most from a price perspective are
the ones that are the most over extended from. A
value standpoint, SO all right i don't know do we
even Have time For.
Speaker 6 (42:55):
Darryl for texas there we, Might, HAVE time shanna, i
would say let's Let's see what let's.
Speaker 2 (43:00):
See what's on we'll see if we can. Get, to it.
Speaker 8 (43:02):
Okay Sounds, good.
Speaker 2 (43:04):
Hey daryl you're live, on Financial, issues good.
Speaker 10 (43:07):
Martin this will. Be rapid, fire our utilities including some
of the one on, our by list like ut thirty,
seven forty six they're at or near. All time highs
traditionally they. Kind of go, utility stocks go the values
go up as interest. Rates come down being at all,
time highs already do you kind of feel where range
(43:30):
bound as far, as when utilities when when fed, rates
go down the utilities will continue to act like.
Speaker 3 (43:36):
They, normally, do well continue utilities haven't acted like they
normally do for. A while now used to utilities used.
To be defensive they used to, be you know, they're
interregulated industry so we kind of knew what to expect
in the behavior THAT you described aspecs describes how they.
Have historically acted utilities is a sector of the economy
(43:59):
that is benefiting greatly from THE.
Speaker 2 (44:03):
Advent of ai so.
Speaker 3 (44:05):
We need energy we need lots OF, energy for ai
and we're going to need it for. A long time
so the company the utility companies that we've, SEEN just, skyrocket,
i mean utilities, in my mind is no longer the.
Defensive income play it's more of. A growth play so
(44:27):
you'll notice that's one of the reasons that we've decreased
the waiting to utilities in some of the more conservative
income based models and increase it in some of. The
growth models, SO you know i really don't like to make.
SHORT term calls i do think that a lot of,
the utility companies especially the ones that we've seen, big
moves IN has. Been ai related as long as that trend,
(44:49):
is IN place which i think it is, a long,
term you know, DECADE long trend i do think those
companies are going to continue.
Speaker 2 (44:57):
To go up but on the flip.
Speaker 3 (44:59):
Side of that a, lot of them a lot of
their valuations have skyrocketed out of what, IS prudent, Ranges
i guess and so that's that's that's behind. Our ideas
here we just we want to stick to the basic
tenets of, our investment philosophy and we think that if
(45:20):
we we don't want to be Like a strict. Pharisee
rule follower, but you know we do believe that guidelines
are made, To be followed so we don't want to.
Get over extended we don't want to let greed creep
into our heart and cause us to stay in positions
long past the time when it seemed prudent.
Speaker 2 (45:41):
To, get out now we're not suggesting that you.
Speaker 3 (45:42):
Sell those positions we're just suggesting that you trim them
back to a reasonable.
Speaker 2 (45:47):
PART your.
Speaker 10 (45:48):
Portfolio i understood do you think that the ones that
are that, have lower interest higher interest rates or dividend
rates will will respond more to the to the fedcats than.
The other ones i'm not expecting to pull out a crystal,
ball or.
Speaker 3 (46:02):
Anything, BUT yeah, now i mean the reason that we
invest in companies that pay high yield is because we're.
After the income so the things that are going to
stay on, our buy list we have reasonable or valid
reasons to believe that they can continue to do exactly
what we put them on the. Ballusk to do we're out,
of time today thanks, For, your question daryl appreciate, that
(46:24):
so much and everybody else.
Speaker 2 (46:25):
That called in y'all made it a Real rapid.
Speaker 3 (46:27):
Fire FRIDAY today so i hope that you have a
wonderful day Of. WORSHIP on sunday i hope you get
to spend some time doing the things that you love
with the people that you, love this weekend and Tune.
In next monday we're going, To be back lord willing
to remind you that time. Is Getting short the master,
Is coming. Back he's goingked we're going to have a
(46:47):
test about how we, handle, the time talent and treasure
that we were. Trusted to manage and our goal is
to be here to help you navigate your financial issues
so that you will be found a good and faithful
steward when you.
Speaker 2 (47:01):
Face that test find out more.
Speaker 3 (47:03):
About our ministry at financial, issues dot org and we'll see.
Speaker 9 (47:07):
You next week we ever forget that we're One, nation
under god then we will be a nation gone under
Welcome to Financial Issues, where we join the reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen then as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:24):
Good morning, Welcome to Financial Issues.
Speaker 3 (00:26):
Thanks for tuning in today. We're so glad that you're here,
and we're so glad that we're here. We've got a
lot to talk about today, so we'll get started right
away if you're tuning in for the first time. Financial
Issues is a ministry that helps to educate people about
financial issues from a biblical worldview. So our calling is
to equip the saints of the Church, to educate, edify,
(00:51):
and encourage the saints of the Church and the ways
of stewardship, specifically to defund darkness through a biblically responsible
investment strategy and to be a joyful, generous, and obedient giver.
We call that funding the Light. So on today's show,
we're going to get to your calls and question. It
is rapid Fire Friday six ten three six three eleven
(01:12):
ten is the phone number that you can call.
Speaker 2 (01:14):
You'll be the first caller in the call que.
Speaker 3 (01:17):
We'll also get to the latest economic information, which we'll
do here shortly, getting you caught up and in the know,
and we'll get encouragement from the scriptures as always as
a reminder, if you're a partner, or if you're not
a partner, we have a way for you to get
directly involved right now. We recently issued a sell alert
for Tesla stock based on biblically responsible reasons, and we've
(01:41):
drafted a position petition. We're asking you to go to
the web page and to sign it. But first, let's
get you caught up at financial issues. We help you
to stay in the know about the financial issues of
the day. We help keep you abreast of what's happening
in the economy and the markets and help you understand
how that impacts your own personal financial issues. So I've
(02:04):
got several takeaways from this week that is ending August
the ninth, twenty twenty five. Let's start with the latest
debt data.
Speaker 2 (02:13):
Nope, I'm not going to go on.
Speaker 3 (02:14):
A tirade about the US government debt or deficits that
we're running. I'm going to talk about the individual household.
The individual household debt has jumped by one hundred and
eighty five billion dollars last quarter. We've now hit a
new record high of eighteen point three nine trillion dollars
in household debt. That's just one part of the story.
(02:37):
According to Fox Business, student loan delinquencies have surged to
their highest level in twenty one years. New data from
the Federal Reserve shows that the share of student debt
that's ninety plus days past due climb nearly thirteen percent
at the end of June, up from just eight percent
(02:57):
in March. To give you some percent perspective on that,
before COVID, those delinquency rates hovered between nine and ten percent.
Why is that important because as Christians, we need to
be wise when it comes to using debt. Now, part
of the thing that's happened is that students students who
had loans were given a pause or a hiatus during COVID,
(03:20):
which was almost perpetually extended by the Biden administration because
of their desire to forgive lots of the student debt
in this country. Now that hiatus has expired, and students
who have borrowed money to fund their school educations their
college educations are being their payments are being reinstituted and
(03:45):
many are falling behind. Why is this important because as
Christians we need to be wise when it comes to
using debt. The world and even our government, especially our government,
are modeling some dangerous financial habits for us. We are
being conditioned to live in a state of perpetual debt.
(04:07):
The government prints money at will to fund all kinds
of things that a government has no business paying for.
Shifting gears a little bit, mortgage rates and housing affordability
and other topic that we talk a good bit about
on this show because we know that it touches all
of a lot of your lives in a.
Speaker 2 (04:27):
Really big way.
Speaker 3 (04:28):
The current thirty year mortgage rate is now sitting at
about close to six and a half percent, with FAHA
and VA rates flashing six point one two to six
point one three percent most recently. Mortgage rates, to give
you a perspective historical perspective on this, begin to rise
from under three percent and first breached six percent in
(04:52):
the fall of twenty twenty two. Mortgage rates peaked near
eight percent in twenty twenty three, and while they've come
down slightly, they're still historically higher than the four to
five percent rate range that we had been accustomed to
in the decade preceding the pandemic. Now that's only part
(05:12):
of the affordability problem. Home prices have soared by sixty
percent over the last six years. That increase in home prices,
maybe more than mortgage rates, has made the American dream
of home ownership feel completely out of reach for many.
I know I'm probably preaching to the choir for those
(05:34):
of you who are trying to acquire that attain that
dream of home ownership. So here's the dilemma. How do
we get home builders to build affordable homes when mortgage
rates are high and demand for homes is under pressure
because of those mortgage rates and land, labor and regulatory
costs are so high. Well, part of the answer lies
(05:57):
in getting inflation stabilized, which I think we've done. We're
pretty pretty well there. Maybe prices aren't at the inflation
isn't at the two percent target for the FED, but
their goal is not two percent, its price stability, and
I think we're pretty well there. The other part that
(06:18):
the government can do without getting too involved in the
private market is to loosen regulations, in fact causing them
to go the other way, get their their thumb off
of top of all of the home builders and start
to ease some regulations, and that can go a lot
of ways to help. Turning our attention to the markets.
(06:40):
This week, the markets took a bit of a breather
from their recent trend of making all time highs just
about every day, multiple times a day, but they're still
training very close to record levels. So here's the breakdown
since last Friday. No new highs this week, but the
markets are still The equity markets are still hover near records,
(07:01):
and just in the last week, the Dow is up
about three quarters of a point, the S and P's
up almost a point and a half, and the nastac's
up almost two point. The pre markets this morning are
in positive or indicating a positive open, somewhere around twenty
to twenty five basis points higher than what they closed yesterday.
Speaker 2 (07:21):
So we talked about this.
Speaker 3 (07:27):
The state of the markets being at all time has
in our weekly commentary to our partners on Tuesday. If
you're not if you are a partner, I would encourage
you to go go read it. We have issued some
updated guidance and cautioned our partners who are following the
fism strategy. So let me be clear, there are plenty
(07:47):
of reasons to believe this market could keep going higher,
and many people do believe the market will go higher.
When the news is coming up all roses and you know,
there's very little negative things to talk about. There's over
seven trillion dollars sitting on the sidelines in money market
funds that could potentially come into the market, driving prices
(08:10):
even higher. Tax cuts and deregulations mean more money in
the hands of consumers and businesses. As those things begin
to play out over the coming months and years, corporations
are seeing less red tape, which can help them improve margins.
I think of one example, like pertaining to cars, and
(08:32):
the standards that cars have to be made by can
increase the cost of a car by six thousand dollars.
Loosening those regulations doesn't mean that we're going to just
start being very irresponsible from a climate perspective, but it
does mean that car makers are going to have more
(08:52):
latitude in how they build their cars, which is a
good thing. Let the private market do the private markto thing.
But if we look at history as a guide, when
everyone is overly optimistic, it pays to be cautious.
Speaker 2 (09:08):
There's an old Wall.
Speaker 3 (09:09):
Street saying that says, be fearful when others are greedy,
and greedy when others are fearful. Now, neither fear, nor
greed or emotions that Christians are called to live by.
We are called to walk in wisdom, to not be
led by our wicked hearts or our emotions. We are
to be grounded in our faith, not in market momentum.
(09:33):
Christians are called to be grounded in faith, knowing that
the Lord owns all things, and that he provides generously
for his children on every occasion. In every topic, we
should look to the wisdom of the Lord rather than
adopting the wisdom And I say that tongue in cheek
of the world, or in this case, the wisdom of
(09:53):
Wall Street. As hard as it is to step back
when everything seems to be going up, I believe now
is a good time for investors to reassess. I'm not
telling you to panic. I'm not telling you to sell
everything and go to cash. I'm telling you to stick
to your rules based strategy. Consider rebalancing your portfolio back
(10:14):
into alignment. If you've drifted too far out of your
allocations and again, if you're a partner, read the commentary
for practical suggestions on how to put this into practice. Well,
I got a little bit more to get us caught up,
but we'll have to pick that up on the other
side of the break. Our phone lines are open if
(10:34):
you want to get your call queued up. Six' ten
three six three eleven ten is the phone number to.
Call you'll be the first caller in the. Queue stick.
Around i'm your, Host Shanner. Bert we'll be back with
more financial issues right after.
Speaker 4 (10:47):
This securities offered THROUGH Ga repel And, company a registered
Broker dealer And Investment advisor MEMBER finra AND. Sipc opinions
(11:10):
expressed By shanna are hers alone and are for informational
purposes only and do not necessarily represent those OF Ga
repel or the. Outlet on what you are, Listening you
should consider how the information applies to your situation prior
to personally implementing, it and consult any financial professional you
work with to make sure it's applicable to your financial.
Plan welcome, back.
Speaker 3 (11:33):
Everybody if you're listening, live which is eight to nine
Am Central standard tom nine to Ten Eastern, time then
our phone lines are open and you can get your
call queued up in the CALL q six' ten three
six three eleven ten is the number to call now
if you're not listening to the. Program live there's so
many different ways that you can get the program where
(11:55):
on most of your social. Media outlets we do Streamline,
On facebook YouTube. And rumble we do have our own,
phone app so you can get us right on. Your
phone you can follow us on your favorite way to catch.
Your podcast We're on Apple, and spotify so there's so
many ways that you can. Catch us you don't necessarily
(12:18):
have to tune into the, live show but if you
are tuned in and you've got, a question six' ten
three six three eleven ten is the phone. Number, to
call well let me get back to my thoughts on
the latest economic and market moving news. For the week
let's take a look at the Labor MARKET and. Trump's
(12:39):
bls shakeup, so this actually this news actually, broke last week,
AND you know i didn't hear a whole. Lot of,
it you know it was a topic that popped up
on mainstream media then kind, of fizzled out but, in
my eyes it was. Really pretty significant You've Probably heard
(13:00):
president trump fired very publicly the Head of The bureau
Of labor and. STATISTICS last week a, LOT of people,
i would say the general public mostly doesn't know much
of anything and doesn't Follow what The bureau Of labor
and statistics does unless you're sort of a economic nerd
geek like. Some OF us but i think it. Is
(13:21):
Big news so i've been saying a lot for a
while that the economic numbers just haven't seemed, to add
up or they were. A bit confusing it's, hard to
make very hard to make, data driven DECISIONS like the
fed says that they do when you can't really trust
(13:42):
how the data. Is, being Gathered sure now i'm talking
in relation to the non. Form payroll revisions, numbers revisions
happen and they happen because of the way that the.
Data is collected without getting too deep into the, weeds of,
it you know it's not. Real time data it's done
through surveys and very, very outdated methods and then when
(14:06):
the real numbers start, to come in there's revisions made
and different. Things like that so The scale what i'm
trying to say is that the scale of revisions over
the last few years has really been. Out of control,
so you know it just makes it appear that someone
doesn't know what they're doing or is not doing the
job to the best.
Speaker 2 (14:24):
Of their ability so.
Speaker 3 (14:26):
There were millions of jobs that were originally reported that
were originally reported that were. Quietly, revised away now this
happened last last year in a, really BIG way and
i thought that. Was very significant, so you know there are,
many asking now was the firing of the HEAD of
the bls political or?
Speaker 2 (14:46):
Was it, justified you know there are, those.
Speaker 3 (14:48):
That, say, You know oh trump just wants to have
somebody in there that's going to be, a political, puppet
you know just like we had during. The last administration
but they'll be just saying. A different message or. Was
it justified that's currently. Up for debate so it does
seem pretty strange that the reports of millions of jobs
(15:09):
being Created under the biden administration that were eventually revised
away with the stroke of a Pen had gave biden
really good talking points on how to say how great
his administration was and how many new jobs. Were being
created but, then you know there wasn't a whole lot
of attention paid whenever they came, back, and said, well
(15:29):
you know maybe a million of those jobs really didn't. Exist,
at all, SO you know i guess there's no real
proof at this point that the numbers, have been, manipulated
you know are reported fraudulently. For political purposes but there
is no doubt in my mind that there has to
be a better way of coming up with those numbers
(15:50):
than the way that the government has done, it, through,
surveys assumptions. Adjustments and models so had the HEAD of
the bls been focusing on doing her job to the best,
of her abilities, in my opinion she would have been
trying to figure out a way to make the numbers
more reliable and not have. These huge revisions that should
(16:12):
have been a, huge, red flag like if we're reporting
these numbers and then having to do, these major revisions
what's wrong? With our model how can we? Do something
different how can we do a better job of getting?
The numbers right even if it was not politically motivated.
In any way so there's no reason that the LEADER,
of the bls this agency should persist in living in
(16:35):
the data dark ages when she has access to the
kind of technology that's. Readily available today there's no doubt
that we need better methods, than, outdated surveys models and
ADJUSTMENTS that the bls has been using since. The nineteen
seventies there's no reason to still be collecting employment data
(16:57):
like it's nineteen seventy when it's two thousand. And twenty
five what's on tap, For, next week well here's. What
we're watching we'll get the latest. Read ON inflation THE
cpi and Ppi numbers for july will be, reported next
week as well, as retail sales which gives us a
key read. On consumer behavior and we'll hear the latest
(17:24):
data collected from, about Consumer sentiment how americans are feeling.
About the economy because The way, that AMERICANS feel or
i would, like to say the way that we think
about what is happening in the economy leads us to
make decisions about how we spend or don't, spend our
money how we save or don't. Save our money so
(17:47):
what does this? Mean, for YOU well the fed is
going to make Another, decision in september another, interest rate
DECISION and the fed claims to be. VERY data dependent
I think the fed is data dependent on, some somewhat
questionable maybe even flawed data which has made them consistently late.
(18:10):
IN recent history a faltering labor Market will give powell
the data he needs to make better decisions when he
can see that that data is actually. Happening, real time
now whether he will make that decision or whether he
will continue the feud Between He, and president trump Refusing
(18:31):
to give trump what he wants even if the, data,
shows that hey that's probably the right.
Speaker 2 (18:36):
Thing to do that is yet.
Speaker 3 (18:38):
To be seen so now that you're in the know
about the recent and upcoming financial, issues impacting you we
hope that you will learn more about how we can
help you integrate those issues into. Your own stewardship find
out more about how we can help you defund darkness
with our biblically, responsible investment strategy and keep tuning in
(19:01):
to be encouraged and edified to, be, a joyful generous.
And obedient giver all the information about our ministry and
our partnership can Be found at financial. Issues dot, org,
ALL right folks i mentioned it briefly in, the first
segment but we do want to generate a lot of
support for what we're trying, To do here so we
(19:24):
issued a Sell alert for tesla recently based on some
activities that we Have learned that tesla does that do
not align Well with. Our christian faith and, So you
know tesla does have a policy of offering benefits to
employees that enables them to have the company pay for
(19:49):
some travel if they need to go get quote unquote healthcare.
In another state we read, between the lines we know.
What that means It means that tesla is paying for
people to go across state lines to get abortions when
it is not legal. In their state we don't want
the money that We've invested in tesla to be used
(20:12):
to support that. Kind of garbage tesla also has a
policy of paying for transgender surgeries and along that line
of benefits that they offer. To their employees so again
we don't want to be involved in those. Kind of
(20:32):
things when you invest, in a company when you buy shares,
of a company you become an owner. Of that company
as an owner, of the company you want that company
to operate in excellence and just do. What they do,
so you know If, you own Tesla you want tesla
to make the. Best ev possible you want them to
sell a. Lot of it you want them to also
(20:55):
do the other things that they're engaged in the robotaxis
and the robots and different. Things like that so You
don't want tesla to be using shareholder dollars to fund
agendas that you. Don't agree with you don't want to
be forced to be yoked. With woke agendas and so
(21:15):
when we find out that a company, is doing that
then we we. Sell their stock we make a it's
a personal decision that we want To honor the lord
by not allowing the dollars that we've been trusted to
manage to be funneled toward. A dark agenda so we
do it as an. Act of worship we do biblically
(21:35):
responsible investing as an. Act of worship but then we
want to be. Vocal about it we want to speak
up and we want to let, these, companies know hey
this is why we're not Going to be you can't
count on us to be shareholders, of your organization and
it's because of the things. That you do, would you
please we're not asking you to go down to the
river and get baptized as d and used, to always
(21:56):
say but we will pray.
Speaker 2 (21:57):
To that end but what we want you to do is.
Speaker 3 (22:00):
Just stay neutral don't use THE money that i would
invested or the money that the company has made that
should rightfully be returned to the shareholders to support these
things that don't line Up with.
Speaker 2 (22:11):
Our, christian values well we ran close.
Speaker 3 (22:17):
TO the end i think we're going to have to
wait until the next segment to Get To our Stewardship,
versus the day which is sad for me, because you
know that's a lot of times the most important part
of the Show that we you know that we talk
About what the bible says about money and, about stewardship
issues and we encourage you to follow that and to
(22:38):
be able to apply that into. Your own situation so
we do hope if you're watching live that you will
stick around for, the next segment and if you are
listening on an outlet that only carries the short version,
of the show that you will find another way to
get the whole entire show so that you can Listen
To this stewardship Versus of the day and THOSE things
(22:58):
like i mentioned, at the beginning are we're on. Most
social media's the best way to get us is to
download our phone app so that you can have us
with you. Wherever you go listen to, us on podcasts
you can listen to current, in past episodes and follow us.
On social media you can help us out there by going, on,
(23:18):
and liking subscribing doing whatever you do, on social media
because that tends to boost algorithms and it puts our
content in front of more people like you who, are
like minded who Want to honor god in their stewardship
and want to be good steward so that one day
they can, hear well done good.
Speaker 2 (23:38):
And, faithful stewards.
Speaker 3 (23:39):
Well stick around if you're listening to. The whole, hour
if not we wish you. A good day.
Speaker 2 (23:44):
I'm your host sheanivert will be back right.
Speaker 5 (23:46):
Up the break.
Speaker 6 (24:05):
Welcome Back.
Speaker 2 (24:06):
To financial issues thanks. For hanging around we've got a
lot to.
Speaker 3 (24:09):
Talk about today we're going to get to our stewardship,
versus the day but first let's get. To a caller
they have been. Waiting so patiently we're going To. Get
to nancy Nancy's Calling, From. Colorado. Springs, colorado hi nancy
You're Live.
Speaker 5 (24:22):
On.
Speaker 2 (24:22):
Financial issues hi this is THE first time i.
Speaker 7 (24:27):
HEARD about you i just happened, on To you so i'm.
Happy about, that, Oh.
Speaker 2 (24:32):
Well awesome Thanks.
Speaker 8 (24:33):
For, Calling nancy welcome.
Speaker 2 (24:36):
Thank, You, all right nancy how can? We help you? What's,
YOUR question.
Speaker 7 (24:42):
Well i was calling TO. Ask about xrp if that's
a call, THAT you take i don't know if you
know about it. Or Do That, but kim clement many
many years ago GAVE the letters x and he didn't know,
(25:04):
the next one BUT he SAID. X blank p and
then Also he recommended tesla many. Many YEARS ago so
i believe he is A. Prophet of god he's. Passed
away now, BUT so anyway i was considering BUYING, from
(25:24):
THE xrp and i don't know if you do. That
OR not.
Speaker 2 (25:31):
So i Am Familiar. WITH.
Speaker 3 (25:32):
Kim clement, i you know one of the things that
concerns me with prophecy and things like that is THE.
Advent of ai so there's so many things out there
that can be even in just, In mainstream media clipping
(25:52):
out a part of what someone says doesn't necessarily mean
that it's in, the right context so, it can, be.
You know skewed i'm not saying that this Particular thing
is i'm not familiar with the content that you've actually.
Seen at all cryptocurrency is not part of our strategy
(26:13):
in any big. Way at all so you can't even,
to My knowledge now i'm not, a crypto expert but
you can't REALLY even buy xrp yet in a traditional
brokerage ACCOUNT like an ira or. Something like that you're
going to have to get on a crypto exchange like
a Coinbase or a bindiance, or you know something like
(26:33):
that where you can. Actually buy it it is a very. Very,
speculative investment, so you know we were kind of talking.
In the break we saw the, topic coming up, AND
you know i guess the guys in the control room have,
seen even, prophecies people, saying you know saw in A
dream that god told me to buy this or or.
Speaker 2 (26:55):
To Buy that, WHAT i'll.
Speaker 3 (26:57):
Say i don't want to call anybody a false prophet
because especially with out even hearing their testimony or. Anything
like THAT but what i will say is to be. Leary,
about that, so you know when you're hearing information from
a from, a certain standpoint think about what. Their motive
is so is their motive, to tell everybody to Tell
(27:19):
all the christians how to get rich and defy conventional wisdom,
and you know, do outlandish things or is it, really,
more like well if a lot of people, Watch my
video i'm gonna make a lot of money from the
social Media outlet, that i'm on especially if.
Speaker 2 (27:35):
It goes viral are those.
Speaker 3 (27:37):
Kind, of things, so you know one of THE prophecies
that i Believe, in the bible it says in, the last,
days you know many are going, to BE deceived and
i think that the social media platforms that we have
these days provide exactly the platform for. Making that happen
anybody can get out there. And say anything and, even
(27:59):
with that with The, advent of, ai you know people
are starting to ask a lot of things and to
not think for themselves and to not really Dig in
and seth, Mentioned, you know seth say?
Speaker 2 (28:10):
What you, said, And, sure.
Speaker 8 (28:12):
Sure, Shanny, you know nancy what's so important with?
Speaker 6 (28:14):
Something like, this you know anybody can come, out, and say,
yeah YOU know when i heard This. Thing From, god
as christians the first thing we have to say when
someone says that is we have to align it with
the revelation we Already, have from god Which is The.
Word of god and if it lines, up with that
that gives. Credence to it, if it doesn't then we
have to assume that person probably is a False, PROPHET
and shannon i think. You're exactly right you have to
(28:34):
look at the motives behind, this, and say okay there's
some pretty leary. MOTIVES behind this i think a standpoint
of caution and leariness, is very.
Speaker 8 (28:43):
Wise very wise.
Speaker 3 (28:45):
So have people made a lot of? Money in crypto
is there the potential for? That, to happen, yes there,
is they have and there potentially can be, because you
know the interest in crypto has made crypto.
Speaker 2 (29:00):
PRICES go UP i.
Speaker 3 (29:02):
Just i can't find a lot of backing, at this
point a lot of compelling reasons to be involved in crypto,
other than hey it's made a lot of people a,
lot of money, and you know everybody thinks it's gonna
you know, or not everybody but a lot of people
think that it's going to continue. To, GO up, so
i mean our strategy is much more rooted in, owning
individual companies companies that are tangible that, you can see that,
(29:26):
you can feel you can you can go, buy their
products so you can. Buy their services you can listen
to an annual report about how they've actually done, in
real life how many, widgets they've sold what their expenses
were in, selling those widgets what their projections are, for
the future how different things that are happening in the
(29:46):
economy are going to, impact their business whether that's the
loosening of regulations or the tax refunds that a lot
of people are the bigger tax refunds that people are,
going to, get you know in. The, coming quarters, So
you know i'd rather live.
Speaker 2 (29:59):
In in that.
Speaker 3 (30:01):
TANGIBLE world where i, can SEE things where i can
have a relatively good idea of what's actually how what's
actually making, an investment tick rather, than, just saying hey.
There's this idea because there's so much fomo when it,
comes to cryptocurrency there's so, much you know emotion that
(30:25):
is Packed, in that hey this has, done so great
it's going, to go. Up YOU know and i think
about all of the mean coin things and just. It's
JUST craziness and i think it's a result, of you
know they're just being so much money out there and
it needs a. Place to go, so you know it's
like places for it to go are being invented. All
(30:47):
THE time so i Hope. That helps nancy it's not
a part of our. Of our strategy i'm, not saying,
That you know i'm not calling out anybody to be
a false prophet or. Anything LIKE that but i Don't
Even know kim clement's, not even here so we, Can't,
ask him HEY is? This xrp thing do YOU think
this xrp thing is the thing that you? Were talking
(31:07):
about it could be. Something totally different it could be taken,
out of context and it COULD even. Be ai generated, And.
Speaker 8 (31:18):
You know shanna what you just mentioned was.
Speaker 6 (31:19):
So important too how something like this differs FROM our
strategy i.
Speaker 8 (31:23):
TEND to believe i know.
Speaker 6 (31:24):
You do too our strategy is based upon what, the
scripture says and the scripture talks about building, wealth not
quickly but little by little. And with wisdom so if
anyone comes, out, AND says hey i, got this Cryptocurrency
you know i'm, predicting this thing it's going to make
you a. Lot of money that automatically Contradicts what the
bible says because it's, little, By LITTLE right so i
just think.
Speaker 3 (31:43):
That's, SO important, yeah i, mean you know you could
end up getting into a company that goes up. One
thousand percent that's the case for some of the stocks
that have been on our list over the, last few
years but it's not for some. Really unfounded reason it's
based on. Real, agible things yeah.
Speaker 2 (32:03):
So thanks for Calling, you and si we're so glad that.
You found, this.
Speaker 3 (32:08):
All right we need to shift. Gears into that stewardship
versus the day to get it, In.
Speaker 8 (32:12):
Sounds good, And, you know shannah why don't we do
this before?
Speaker 6 (32:15):
We, do that guys why don't we hold off on.
The ag today that way we can have some ample
time to actually.
Speaker 2 (32:20):
Get, To, it shanna, OKAY thank you i.
Speaker 3 (32:22):
FORGOT about that i was thinking of my clock flagging
BECAUSE it says i have three, minutes all right.
Speaker 7 (32:27):
Set.
Speaker 2 (32:27):
Some time yep maybe we'll do it in the.
Speaker 3 (32:29):
Four second out so Stewardship versus the Day comes from
psalm thirty seven. To twenty one the wicked borrows but does,
not pay back but the righteous is.
Speaker 2 (32:38):
Generous and gifts that's. What, you thinks well, This.
Speaker 6 (32:40):
Is great shanna you know we've talked about this debt
not being. An evil thing debt is, not inherently evil
but we have to be very careful not only with how,
we use it but how much we. Can borrow too,
knowing The wicked, the bible says are the ones who
borrow what they, cannot pay back so we got.
Speaker 8 (32:54):
To be righteous we got To be, like god himself
generous with. A giving heart i think. It's, so important,
yeah you.
Speaker 3 (32:59):
Know there, are some advisors like financial advisors or Even
advisors in christian circles that would have you believe that
this verse stops short at the wicked borrows And somehow
forbids christians or discourages the. Use of debt but that's
just not. The whole picture this verse is not forbidding
or Even suggesting that christians should never use. Debt or
(33:20):
leverage it, is totally permissible, in my Opinion for a
christian to make a loan, in good faith meaning that
they have thoughtfully, counted the cost and they believe that
they have the resources to make good on that debt
or that loan in the manner that they promised to.
Pay it, back for example if you borrow money to
buy a home, or a car you have faith that
(33:41):
you will be able to exercise your time and talent
in a useful way so that you will generate money
in the.
Speaker 2 (33:48):
Future to pay. Off your debt we.
Speaker 3 (33:49):
Call that work and, if circumstances change you will be
willing and able to sell or surrender that asset to
satisfy the rest. OF the debt i often say that
if you have the resources to pay off, what you
owe you are not. Actually in debt you are you just.
Have a loan resources that enable us to pay someone
(34:10):
back include more. Than just money It includes our god
given ability and our. Willingness to work it includes equity
and the object, that you're purchasing or perhaps are perhaps
value stored in other assets that you may own that
you could sell to get the money to pay. Off
the loan on, THE other hand i know a couple
(34:31):
who even Profess. To be christian they knew that they
were in over their, heads with debt and they were
having trouble just servicing that debt making. Their monthly payments
they planned, to file bankruptcy so they went out and
maxed out all of their credit cards and lines of
credit with the intent on only repaying the portion that
the court was going to make them pay back. Under,
bankruptcy laws this, in my opinion was an evil act
(34:54):
with evil. Intent at best they're irresponsible or. Deceived at
worst their t. Just choosing evil so what, the heart
gets what the verse gets here is to the heart.
Speaker 2 (35:05):
Of the matter we want to. Be good stewards we
want To follow the.
Speaker 3 (35:09):
Scripture to the letter and be honest and righteous in all. Of,
our dealings, well stay tuned we're going to be Back
With more financial issues.
Speaker 5 (35:18):
Right after this.
Speaker 4 (35:27):
The opinions and recommendations expressed on this program do not
necessarily represent the opinions of the station or any of. The,
program sponsors additionally all products or services offered by the
program sponsors may not be known. By the program Welcome Back.
Speaker 3 (35:45):
To financial issues thanks for sticking with us all the way.
Speaker 2 (35:48):
To the end I'll mention that.
Speaker 3 (35:50):
Tesla petition again whether you're a partner or, not a
Partner Go to financial.
Speaker 2 (35:55):
Issues dot org.
Speaker 3 (35:57):
Read the petition you'll get a really great idea, of
you know where our heart is on this matter and
what we're. Trying to, accomplish and then Whether you own tesla,
or you don't or, you ever did you can still
sign the petition indicating that you want companies to remain
neutral in the culture war and, that you know we
(36:18):
want to be able to have a lot of companies
to invest in that are just. Doing good business we
don't we don't want corporations in. The culture war so
let me pick up. A little bit you Know this
was this was such a good verse of the day
and such a good topic as it. Relates to stewardship
and you know what our verse was getting to today
is to the heart. Of the matter the way that,
(36:40):
we steward, resources including debt does not make us. Righteous
or unrighteous the only thing that can make us righteous
at all is To believe in jesus as our savior
and submit Our lives To. Him as lord how we
exercise stewards especially when, resources are limited doesn't. Make us
(37:04):
righteous it reveals whether we are. Righteous or unrighteous so
it shows The world which. God we serve do We
serve the God of The, Bible of Abraham, isaac and
jacob or Do we serve? Mammon for money let us
be righteous by Choosing to follow jesus and then by
(37:26):
pointing The world to him by being a good steward
in all of. Our financial affairs you want to hear
more About how following jesus can make you a blessing
to others by enabling you to. Exercise good stewardship follow
financial issues, on social, media our podcast or. Our life
broadcast if you want to go deeper and pursue stewardship
(37:50):
in the way that you. Manage your investments. Become a
partner it's just one hundred and thirty two. Dollars a
year you can find out more about all of that
at financial. Issues dot, Org all right bob's been. Waiting
so patiently Let's. Get to bob Bob's. Calling, From, ohio
hi bob Your Live. On Financial, issues.
Speaker 9 (38:13):
Hi, Shana good. MORNING good morning i just want to
say thank YOU to, the fism team and you guys
are doing. A great job we appreciate. You so.
Speaker 2 (38:23):
Much Thank, You thanks bob you're WELL.
Speaker 9 (38:27):
And so i. Appreciate the commentary that was a great
commentary that that. Most recent one and my question is
the fact that you want us to, slow down, on
you know investing a lot of money, at this, time
you know putting a lot of new money into the market.
At this time but what my strategy has been is
(38:48):
investing just as a as like a future savings about
twenty twenty to twenty five hundred dollars a month In areas.
Where i'm underweighted would you think that'd still be a
good strategy to continue, Doing THAT regardless.
Speaker 3 (39:06):
So i do like a discipline strategy of. Dollar cost
averaging the OTHER question that i would have is you
know which model are you following and how much do you?
Keep in cash so if you're adding new money in
at all times and the market, does pull back and
we're not really necessarily interested in what, The market's doing
we're interested in the stocks and the positions that, We
(39:27):
invest in so if those do pull back and you're regularly,
putting money in you'll be able to take. Advantage, of
those now if you're investing two thousand or twenty five
hundred dollars a month to a two, MILLION dollar PORTFOLIO
i think i would lean toward letting that cash build
up a little bit over and above the target that
(39:50):
we have published for.
Speaker 2 (39:52):
Our, cash holdings now if.
Speaker 3 (39:54):
It's two thousand or twenty five hundred dollars on one hundred,
THOUSAND dollar portfolio i, would just say continue doing and
things just as. You've been doing so you really have
to put it in perspective at this.
Speaker 2 (40:05):
Point in time.
Speaker 3 (40:07):
The guidance that we've suggested is especially things that we've taken.
Off the bylist so we sort of took a systematic
approach and looked at valuations for the things that we've
removed off of the. By list recently, so you know
if you've bought those things from, an inside perspective knowing
when we put them on the by list and how
(40:27):
much you might. Be potentially up we know what that does.
To a portfolio returns have been really concentrated in, a
certain sector like the mag SEVEN and the, ai related
sectors and so we're operating on the assumption that those
parts of your portfolio are now much larger than they.
Probably should, be SO again as i said, in the
(40:50):
commentary we may be a little bit. Early on this
we may see the markets continue, to go up but
it's just there's cause for. Pause for me and it
really Just depends on i'm not suggesting you go fifty
percent cash or. FORTY percent cash i would take a
look at, your portfolio tracker and if your, target is
(41:10):
six maybe you increase that, to, you know ten, fifteen
or twenty just depending on your own personal comfort level
and your. Own risk tolerance if you're YOUNG and, like
i said if you, if you're younger that means that
your portfolio. Is probably smaller and so if you're putting
in twenty twenty five hundred. Dollars a month that represents
(41:32):
a much larger percentage of. Your overall portfolio, so you,
know go ahead it just it all depends, on you know,
where you are what the size of, your portfolio is especially,
in this, case.
Speaker 7 (41:48):
Make, good tex question have, A Great.
Speaker 2 (41:49):
Weekend, Thanks Bob.
Speaker 8 (41:51):
Awesome thanks. Bob that's.
Speaker 3 (41:53):
Great all right so he kind of forced us to
reveal our hand a little bit on what we're.
Speaker 2 (42:00):
Suggesting to partners.
Speaker 3 (42:01):
BUT that's, okay i mean this, is you know this
is for, the general audience and you know you can
it's sometimes hard to read between the lines on what
we're telling our partners to do if.
Speaker 2 (42:11):
You don't know and this isn't intended.
Speaker 3 (42:12):
To Scare you and i'm not trying to call the
top of the market and tell everybody to time the market,
and get out because if you know anything, about our
strategy you know that that's not our. Strategy at all
we don't try to. Time the Market so all i'm
saying is to be a little bit. Cautious right now
it's always good to, have dry powder, because you know market,
pullbacks do come and when, extended pullbacks come it's typically
(42:37):
for a. Pretty good reason and the companies that tend
to get hit the most from a price perspective are
the ones that are the most over extended from. A
value standpoint, SO all right i don't know do we
even Have time For.
Speaker 6 (42:55):
Darryl for texas there we, Might, HAVE time shanna, i
would say let's Let's see what let's.
Speaker 2 (43:00):
See what's on we'll see if we can. Get, to it.
Speaker 8 (43:02):
Okay Sounds, good.
Speaker 2 (43:04):
Hey daryl you're live, on Financial, issues good.
Speaker 10 (43:07):
Martin this will. Be rapid, fire our utilities including some
of the one on, our by list like ut thirty,
seven forty six they're at or near. All time highs
traditionally they. Kind of go, utility stocks go the values
go up as interest. Rates come down being at all,
time highs already do you kind of feel where range
(43:30):
bound as far, as when utilities when when fed, rates
go down the utilities will continue to act like.
Speaker 3 (43:36):
They, normally, do well continue utilities haven't acted like they
normally do for. A while now used to utilities used.
To be defensive they used to, be you know, they're
interregulated industry so we kind of knew what to expect
in the behavior THAT you described aspecs describes how they.
Have historically acted utilities is a sector of the economy
(43:59):
that is benefiting greatly from THE.
Speaker 2 (44:03):
Advent of ai so.
Speaker 3 (44:05):
We need energy we need lots OF, energy for ai
and we're going to need it for. A long time
so the company the utility companies that we've, SEEN just, skyrocket,
i mean utilities, in my mind is no longer the.
Defensive income play it's more of. A growth play so
(44:27):
you'll notice that's one of the reasons that we've decreased
the waiting to utilities in some of the more conservative
income based models and increase it in some of. The
growth models, SO you know i really don't like to make.
SHORT term calls i do think that a lot of,
the utility companies especially the ones that we've seen, big
moves IN has. Been ai related as long as that trend,
(44:49):
is IN place which i think it is, a long,
term you know, DECADE long trend i do think those
companies are going to continue.
Speaker 2 (44:57):
To go up but on the flip.
Speaker 3 (44:59):
Side of that a, lot of them a lot of
their valuations have skyrocketed out of what, IS prudent, Ranges
i guess and so that's that's that's behind. Our ideas
here we just we want to stick to the basic
tenets of, our investment philosophy and we think that if
(45:20):
we we don't want to be Like a strict. Pharisee
rule follower, but you know we do believe that guidelines
are made, To be followed so we don't want to.
Get over extended we don't want to let greed creep
into our heart and cause us to stay in positions
long past the time when it seemed prudent.
Speaker 2 (45:41):
To, get out now we're not suggesting that you.
Speaker 3 (45:42):
Sell those positions we're just suggesting that you trim them
back to a reasonable.
Speaker 2 (45:47):
PART your.
Speaker 10 (45:48):
Portfolio i understood do you think that the ones that
are that, have lower interest higher interest rates or dividend
rates will will respond more to the to the fedcats than.
The other ones i'm not expecting to pull out a crystal,
ball or.
Speaker 3 (46:02):
Anything, BUT yeah, now i mean the reason that we
invest in companies that pay high yield is because we're.
After the income so the things that are going to
stay on, our buy list we have reasonable or valid
reasons to believe that they can continue to do exactly
what we put them on the. Ballusk to do we're out,
of time today thanks, For, your question daryl appreciate, that
(46:24):
so much and everybody else.
Speaker 2 (46:25):
That called in y'all made it a Real rapid.
Speaker 3 (46:27):
Fire FRIDAY today so i hope that you have a
wonderful day Of. WORSHIP on sunday i hope you get
to spend some time doing the things that you love
with the people that you, love this weekend and Tune.
In next monday we're going, To be back lord willing
to remind you that time. Is Getting short the master,
Is coming. Back he's goingked we're going to have a
(46:47):
test about how we, handle, the time talent and treasure
that we were. Trusted to manage and our goal is
to be here to help you navigate your financial issues
so that you will be found a good and faithful
steward when you.
Speaker 2 (47:01):
Face that test find out more.
Speaker 3 (47:03):
About our ministry at financial, issues dot org and we'll see.
Speaker 9 (47:07):
You next week we ever forget that we're One, nation
under god then we will be a nation gone under
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