Episode Transcript
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Speaker 1 (00:04):
Welcome to Financial Issues, where we join reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen man, as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:25):
Good morning, Welcome to Financial Issues. We're so glad that
you're joining us today. Whether you're a longtime seasoned listener
or whether you're finding us for the first time. Today,
we hope that you will learn something about stewardship today.
We hope that you will be encouraged and you will
be edified to be a good steward with all that
the Lord has trusted you with. For just one hundred
(00:45):
and thirty two dollars a year, you can be a
partner with this ministry. If you're hearing us for the
first time, we hope that you're going to stick around
and hear more about how we can help you defund
darkness with a biblically responsible investment strategy and be encouraged
to fund the light to be a joyful, generous and
obedient giver. Today is Rapid Fire Friday, and our phone
(01:06):
lines are open. You'll be the first caller in the
queue if you call six ten three six three eleven ten.
On today's show, we're going to get you caught up
on the week's happening. We're going to get you in
the know about the recent economic and market news that
has happened this week, and of course we're going to
give you encouragement from the scriptures on how to be
(01:28):
a good steward. Today will be in Second Corinthians six fourteen.
But first let's get you in the knowe at financial issues.
We help you to stay in the know about the
financial issues of the day that impact you. We 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. Got a few takeaways from this week,
(01:51):
so we'll just jump right in first.
Speaker 3 (01:54):
As you might.
Speaker 2 (01:54):
Inspect expect is inflation. So this this week's big story
on inflation and handed us a little bit of a
mixed bag. The Consumer Price Index or CPI for short,
came in exactly where it was last month. That two
point seven percent year over year, so that measures price
increases over a basket of goods over the last year.
(02:16):
Two point seven is what we got. Core CPI, which
does strip out the more volatile food and energy, ticked higher, though,
from two point nine percent in June up to three
point one percent for July. Initially, bond yields dipped to
about four and a quarter, indicating that they do see
rate cuts on the way as a result of that
(02:37):
data that was reported as markets seem to look past
the inflation report.
Speaker 3 (02:43):
But here's the reality.
Speaker 2 (02:44):
The last mile of inflation getting us down from the
threes to the FEDS two percent target has proven sticky, which,
by the way, the FEDS mandate is not two percent.
The FEDS mandate is price stability. So are we there
there yet? That's to be seen. We are, however, seeing
progress in shelter inflation coming down as rents level out
(03:09):
as we see them roll over you know, you only
renew your lease once a year at most, and housing
prices start to stabilize after increasing sixty percent over the
last six years.
Speaker 3 (03:21):
So this.
Speaker 2 (03:23):
Shelters part of the inflation mixed metric has made inflation
pretty sticky. Mortgage rates are coming down, but it could
only exacerbate the housing affordability problem if inventories don't increase proportionally.
What I mean by that if demand increases with more
people who are willing and able to get a six
(03:45):
and a half percent mortgage, but supply that is the
number of homes that are for sale doesn't increase, then
we just have more sticky.
Speaker 3 (03:55):
Or more housing inflation altogether.
Speaker 2 (03:58):
And just this morning we got import prices, which we
have been watching closely to determine to settle the argument
of who's actually paying the tariffs? Is it exporters, is
it importers, is it the consumer? Well, this morning the
BLS reported and I'm quoting here, that import prices rose
four tenths of a percent from previous month in July
(04:20):
of twenty twenty five, contrasting supply with market expectations that
they would have remained unchanged and rebounding from the revised
plus zero point one percent ease in June. It was
the sharpest increase since April of last year, reflecting that
foreign companies have not lowered their selling prices so far
(04:41):
to accommodate for tariffs passed by the US presidential administration.
So that quote out of the BLS, which will get
to in just a minute, but which is seeing some
definite shakeups in leadership there so I do see evidence
that some exporters are eating some of the tariffs, but
some of the cost will be borne by importers, and
(05:04):
that potentially squeezes margins because that's an increased cost for
companies who would then sell things to consumers or their
other option is to pass that on to consumers.
Speaker 3 (05:16):
So tariffs are a form of.
Speaker 2 (05:18):
Tax and that will undoubtedly trickle some of that costs
will trickle to corporations in consumers. But tariffs aren't happening
in a vacuum. There are other things happening alongside tariffs,
like stable lower tax rates. The tax rates haven't decreased much,
(05:38):
but we got clarity that they will stay low from
a historical perspective, at least until Congress can get enough
support to change them again. And we're seeing corporate tax
the corporate tax rate remain at those lower levels. Now
here's the part where it gets interesting. We also got
(05:58):
PPI out this week, which is the Producer Price Index.
So this measures the change in prices that producers experience
that arguably get typically passed along to the consumer. So
PPI this month's jump point nine percent in July that's
the biggest monthly gain since twenty twenty two. Oddly enough,
(06:19):
service prices rose more than goods prices, so tariffs are
focused on goods coming in, right, and if tariffs were
the main culprit driving inflation, we would expect to see
goods prices jumping before we see services prices jumping.
Speaker 3 (06:36):
But it's not what happened.
Speaker 2 (06:37):
The singlet big, biggest contributor to the PPI jump was
the Final Demand Services Index, which rose one point one percent.
And inside that number, so you wonder what's inside that number,
what's inside that number? There was one category, or a
couple categories that stood out to me first was portfolio
management services. Portfolio management prices rose five zero point four
(07:00):
percent in just one month. So what happened there, Well,
it wasn't because investment managers suddenly hiked their fees. It's
because the stock market hit multiple record has in July,
with the SMP gaining over two percent for the month.
So most managers charge a percentage of the assets that
they manage, so when your portfolio goes up in value,
(07:22):
the actual dollar fees that you pay goes up. So
this increase in PPI was less about inflationary pressure from
rising cost and more about the market's strong performance showing
up in the data. In other words, the stock market
rally itself helped push measured inflation higher. So is that
(07:42):
really bad news? Not necessarily, it's more of an accounting
effect than the truth signal of broad price pressure. The
other biggest contributor to PPI came from margins in machinery
and equipment wholesaling. So what does that mean in regular
people terms? While the margins are simply the difference between
what wholesalers pay for machinery and the equipment and then
(08:05):
what they turn around and sell it for. So in July,
those margins rows three point eight percent month over month,
reflecting strong demand for industrial and commercial equipment. Well, why
is why are we seeing a CAPEC cycle so strong
that we haven't seen in decades. Well, it's because of AI,
(08:26):
the spend that companies are spending on AI innovation and
on shoring, because Trump is pushing an American first agenda.
And we also can't overlook diesel fuel prices which jumped
eleven percent in July. Well, that's partly due to the
summer driving season, partly a lingering hangover from the refinery
(08:48):
shutdowns that we saw during COVID, and partly because of
opex it takes a long time to restart refining processes
after you completely shut them down, and partly because of
ope's continued production cuts. So we really wouldn't be feeling
these the prices in oil as sharply if we had
(09:12):
been in drill baby, drill mode. Fully, let's move on
to the BLS shakeup, and I don't think I'm gonna
have time to get all the way through it, so
you're gonna have to stick around to the next segment.
But the other big development this week are actually sort
of at the end of the week before, is the
shakeup in the BLS, the agency that calculates CPI PPI
(09:33):
and the monthly non form payroll reports. If you're a
partner and you read the commentary, we had some things
to say about that in this week's commentary as well,
so make sure that you check that out on a
weekly basis. So President Trump has appointed E. J. Anthony
as the new head of the BLS. So what this means,
(09:54):
you know, And this came on the back of the
non form payroll numbers that were reported, the revisions, the
huge revisions that were reported. Trump came out almost immediately
said that the current director was fired and now he's
appointed EJ. Anthony, which sort of has the left's head
spinnings because he's affiliated with the Heritage Foundation and had
(10:17):
was a contributor to Project twenty twenty five. So I
don't listen to much left leaning news, but I'm sure
that's what they're screaming about.
Speaker 3 (10:26):
That also means that EJ.
Speaker 2 (10:28):
Anthony now will be in charge of two of the
three key inflation measures that the Federals preserve depends on
CPI and PPI, as well as the Fed's other mandate,
the jobs Data.
Speaker 3 (10:44):
The folks, we got to take a break.
Speaker 2 (10:45):
Don't go anywhere, because we're going to be right back
after this short break.
Speaker 1 (11:01):
There are moments in life that's define us.
Speaker 4 (11:03):
Security is offered through GA Repel and Company, a registered
broker Dealer and Investment Advisor member FINRA and SIPC. Opinions
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
(11:26):
work with to make sure it's applicable to your financial plan.
Speaker 2 (11:33):
Welcome back to financial issues. Our phone lines are still
open six' ten three six three eleven. Ten you'll be
the first caller in the queue on this rapid Fire, Friday.
Aimial we hope that you will give us a call
and tell us what's on your, mind ask some. Questions
and you know, what every every morning before the, show
we pray against technical issues and things like. That and
(11:56):
you know that doesn't stop the attacks from.
Speaker 5 (11:58):
Coming that's, right, yeah it is so sometimes you, know
it is a good reminder that this is for. Prayer
whenever we, Pray god always. Answers sometimes the answer is,
yes sometimes it's no or not. Yet and in that,
case this, morning we had a little bit of an
issue with OUR tv feed this, morning, folks if you
were on our, chat you didn't see our live. Show
we've got that issue resolved, now so hopefully you were
(12:19):
able to catch that live segment on the listen live,
option which is, Great shan and have so many options to.
Listen if one of them goes, down there's another one
that you can still catch that live show For but
we are back live.
Speaker 6 (12:29):
On OUR tv feed, now which is. Great.
Speaker 2 (12:31):
Yep and if you're listening at a time other than
if you're listening to the listener watching the, podcast it
doesn't affect you at. All if you're watching through our phone,
app you didn't even know it.
Speaker 3 (12:42):
Happened that's, right now you.
Speaker 2 (12:44):
Do but it's a great opportunity to give us a
testimony of how Faithful god is because you, know it
doesn't say, no no weapon will.
Speaker 3 (12:52):
Form it says no weapon will. Process that's.
Speaker 5 (12:54):
Right there you, go there you, go even a technological,
weapon that's.
Speaker 3 (12:58):
Right that's.
Speaker 7 (12:58):
Right all.
Speaker 2 (12:59):
Right let's pick back up on the in the no.
Section let's wrap it up. Here so before the, BREAK
i was talking about the changes coming at THE bls WITH.
Ej anthony being appointed as the head of THE. Bls
and now he's going to be in charge of the
major data that THE fed uses as they're being data
(13:22):
dependent and making decisions about interest rates and money. Supply
so THE bls puts out THE cpi AND ppi, numbers
which are inflation. Numbers that's one of The fed's mandates
is price. Stability and they are also going to be
in charge of the non form payrolls number which gives US,
ah it's one of the most heavily looked at numbers
(13:47):
when trying to discern whether or not we have a
strong labor. Market so THE fed has two, mandates price
stability and full, employment and so now THE. Bls whether
you see these changes as much needed or as a political,
flashpoint the fact is that leadership. Change that this leadership
(14:08):
change is coming at a time when the accuracy and
the credibility of economic data is already under the. Microscope for,
us it's been under the microscope for a really long.
Time you, know even even back When dean was still
the host of the, show he used to talk about
the outdated methods that THE bls used to collect employment.
(14:29):
Data you, know you picture them using their rotary phone
to dial, up you, know to do the surveys and
things like. That and into the end this day and,
age there are much more efficient uses of technology and
hopefully we will begin to see. That so that will
be an interesting thing going. Forward as far as the markets,
(14:51):
go it doesn't really matter so much What i'll. Say
it doesn't really matter so much where the market is,
going because the, market we've seen the market hit all time.
Speaker 3 (15:01):
Highs this is WHAT i mean by. That we've seen
the market hit all time.
Speaker 2 (15:04):
Highs we've expressed a little bit of caution about whether
or not it can go higher just based on emotional.
Exuberance we don't want to get caught up in that.
Trend but at the end of the, day for our,
strategy we're our goal is to pick and own good
individual companies to build a. Portfolio we're not building the.
(15:25):
Market we're never going to look like the market because
the market is made up of companies that are using
shareholder dollars to fund ungodly agendas and we want no
part of. That so we're never going to look exactly
like the. Market we're not going to own five hundred.
Companies that's what THE s AND p five hundred.
Speaker 3 (15:45):
Does you.
Speaker 2 (15:46):
Know our goal is not to own every single company out.
There our goal is to pick good individual companies who
are staying out of the culture, war who are not
using our shareholder dollars to fund an ungodly, agenda and
we're trying to get a prudent. Return but if you
want to know what the market has, done the market,
is you, know sort of at all time highs and
(16:07):
the last. Week The dow is up one and a half,
Percent THE smp and THE nastac are both up about
one point three percent so, far and the pre markets
this morning are indicating a little bit of a mixed.
Opening The dow's indicating an open of up a little
over half a, point the s AND p five hundred
right about flat but barely to the positive, side and
(16:29):
THE nasac is indicating an open down about fourteen basis.
Points so what is coming next? Week, well the big
news next week Is Jackson. Hole Jackson hole is the
annual symposium that kicks off for THE, fed WITH Fed
Chair Jerome powell delivering and opening address On august and twenty.
Speaker 3 (16:50):
Second markets will.
Speaker 2 (16:51):
Be hanging on his every word and dissecting his message
for clues on The fed's trajectory for what they're going
to do with interest, rates especially ahead of The september.
Meeting So Jackson hole tends to set the tone for
what THE fed is thinking and what is to come
in the coming. Year it will be interesting to hear
(17:13):
what comes out of. THAT i do believe there's about
a ninety four percent chance that the market is pricing
in of A fed rate.
Speaker 3 (17:20):
Cut coming In.
Speaker 2 (17:21):
September now that you're in the know about the recent
and upcoming financial issues impacting, you we hope that you'll
learn more about how you can we can help you
integrate those issues into your own. Stewardship so At Financial
issues we equip you with the tools to defund, darkness
to Honor god in the way that you invest by
(17:42):
giving you a very, practical biblically responsible investment. Strategy and
you'll often hear us encouraging you to fund the, light that,
is to be a, joyful generous and obedient. Giver if
you haven't, ALREADY i encourage you to become a. Partner
you'll get access to to our asset allocation models and
our weekly by list that will help you build your
(18:05):
portfolio in a way that Honors. God just remember your
investments have a. Purpose defund, darkness fund the, light be a,
joyful generous and obedient. Giver become a partner With Financial issues.
Today you can find out all the information that you
need At Financial issues dot.
Speaker 3 (18:23):
Org all, right.
Speaker 2 (18:25):
Let's shift gears a little. Bit while we're waiting for
some phone. Calls the number six ten three six three eleven.
Ten if you want to get in the call. Queue
you'll be the first caller in the. Queue but let's
not neglect the word Of god. Today so our stewardship
versus the day comes From Second corinthians six fourteen, says
(18:46):
do not be yoked together with. Unbelievers for what do
righteousness and wickedness have in? Common are what fellowship can
light have with? Darkness so this verse is often apply
to marriage covenant. Relationship it's a principle of, stewardship and
it goes further than just our marriage. Relationships it includes
(19:09):
advice on how we handle our, partnerships our, investments and our.
Finances the wisdom found here also extends to not getting
counsel from those who have not committed to Follow christ
in every area of their, lives including how they. INVEST
(19:29):
i don't want to get yoked with the, woke and
that's WHY i do biblically responsible. Investing so investing in
or profiting from companies that actively oppose biblical values is
a form of being yoked with. Darkness so in this,
Passage paul uses the example of a, yoke a wooden
(19:49):
bar that joins two animals together for. Plowing if the
animals are mismatched in, size, strength or, nature the work
will suffer and the load will be. Unbalanced, spiritually the
warning is. Clear when believers find themselves in covenant like
partnerships with those who don't share their, values they risk
(20:12):
being pulled away from obedience To. God so let us
consider our relationships. Today are we intentionally yoked with believers
in all of our most important? Relationships if, not let's
reconsider those relationships unless it's, marriage because the scripture clearly
says that if you're married to an unbeliever that you should.
Speaker 3 (20:33):
Stay what do you, Think.
Speaker 6 (20:35):
Sam and that's exactly right On. Shanny you.
Speaker 5 (20:37):
Know the hope in the marriage, relationship of, course is
that the unbeliever trust In christ and then you are equally,
yoked which is. GREAT i think this is so key
to biblically responsible, investing To, shanna that we cannot be
yoked with, wicked evil, companies or at least the things
that those wicked evil companies are. Doing it's not like
those companies have, souls but they're doing things with investor
dollars that are. EVIL i think we should be enraged
(20:57):
at the thought of companies using our money to profit
the dark kingdoms of this.
Speaker 6 (21:00):
World so let's resolve to fellowship with the.
Speaker 5 (21:03):
Light AND i use that word fellowship as a verb
to make, fellowship to be together with the.
Speaker 2 (21:07):
Light, yeah being intentional, yep sort of forces us when you,
know we don't get to make the day to day
decisions on how company is. Run that's the job of
THE ceo and the leadership of the. Company but we
do get to choose whether we continue to own that
company or, not because you, know they can sort of
force us if we stay. Invested they can force us
(21:28):
to be yoked with ungodly agendas and we don't want,
that so we can unyoke very. Easily speaking of, unyoking
we issue to sell alert recently for a company For,
tesla a company that has recently been discovered to be.
Dirty so we immediately asked our partners to consider selling,
(21:50):
it and we have a petition. Going so if you'll
go To financial issues dot, org you can help be
a part of that. Too, so you, know jumping off
of what we were just talking, about being unequal, Yoked
i've had people tell me that they were convicted of
biblically responsible investing when they heard about it for the first,
time and that as that began to stir around in their,
(22:11):
spirit their convictions. Grew as they looked at their, portfolios
they figured out that they were invested in companies that
were forcing them to fund and ungodly. Agendas and when
they even asked Their christian financial, advisor in some, cases
they were told that's, impossible you can't be biblically, responsible
(22:32):
or even, worse it's not. Important you, know we're making
all of this money and you're. Giving so the more
money that we, make the more money that you can.
Give So i'll just repeat what our Founder Dan celia
used to say on a regular, basis don't let a
financial advisor rob you of an act of worship of
(22:52):
being biblically. Responsible if The lord is telling you something
in your spirit to do something or not do, something or,
us if we don't, listen it is a. Sin so
we've got another example of biblically responsible. Investing we don't
have quite time to get to it in this, segment
(23:13):
so we'll push it.
Speaker 3 (23:13):
Forward we hope that you will stay tuned if.
Speaker 2 (23:16):
You're listening on an outlet that is only carrying the
short thirty minute version of our. Show we hope that
you will catch the full show either on podcast or
by getting our phone app or going to our. Website
you'll be able to catch the current and all past
episodes in video and audio form by doing one of
(23:37):
those two, things and you'll be sure that you can
follow us no matter what outlets we choose to be
on in the, future are don't choose to be all,
right folks hanging, Around we've got more financial issues coming all,
up welcome back to financial. Issues thanks for sticking with
(24:09):
us through the. Break we're officially in the second half
and our phone lines are. Open it is, empty so
you'll be the first person in the call c if
you call now six ten three six three eleven. TEN
i don't know if it's just the end of, summer
people are on, vacation or they're just they just don't
have any questions, here.
Speaker 6 (24:28):
SHAN i like to think it's.
Speaker 5 (24:29):
There they're just sho in awe of what we've, said the,
brilliance so they're, speechless you, KNOW.
Speaker 3 (24:34):
I, GUESS i guess that's the one possibility of.
Speaker 2 (24:37):
It, well you, know speaking of yoking with the, woke
we do have as a ministry for our. Partners we
publish asset allocation, models and then we give and a
by list that's updated weekly in between the week if
something really major happens and we have to change, something
(25:00):
but at least, weekly that gives our partners companies that
they can consider adding to their portfolio that are, clean
that are not using shareholder dollars to promote an ungodly. Agenda,
now there are a couple if you look at our,
list that are on what's called a, watch so that
(25:20):
just means that they are technically, clean but there's we're
starting to get some whiffs that maybe they're moving in
the wrong, direction so you, know we're keeping an eye on.
Speaker 3 (25:30):
Them And.
Speaker 2 (25:34):
Costco is one of those companies that is technically clean right,
now it's not on our by. List so this is
not an endorsement to buy or Sell. Costco it's just
something interesting that we want to bring to your. Attention
so set give us the details around the latest that's
going on With.
Speaker 6 (25:51):
Costco, yeah And i'd be glad To. SHANNON i think
this is good.
Speaker 5 (25:53):
NEWS i think it's good news for, US i think
it's good news for The christian, worldview AND i do
think it'll be good news For costco as. Well they
did decide recently not to sell the abortion. Pill so
this was partially due to the urging of faith based,
activists which, Really, SHAN i take that as the Non
christian mainstream media's way of Labeling.
Speaker 6 (26:13):
Christians that's Just christian.
Speaker 5 (26:14):
Activists costco has decided it will not sell the abortion.
Pill so according to a statement seen By, Bloomberg costco
said it had not seen a customer demand for the.
Pill Last, August, inspire one of our screening, tools launched
a petition urging the company not to sell the, drug
and the petition received around six thousand, Signatures, shanna From costco,
members and that's along with about two thousand signatures from
(26:35):
investors and concerned.
Speaker 6 (26:36):
CITIZENS i think this is great, News. Shanna what do you.
Speaker 3 (26:38):
THINK i think it's great.
Speaker 2 (26:40):
News Now costco didn't say that that was the reasoning
behind their. Decision now they blamed it on low demand
for the, drug, which, hey that in and of.
Speaker 3 (26:50):
Itself would be a huge.
Speaker 2 (26:51):
Blessed at Least costco shoppers are not looking for the abortion.
Pill so either, WAY i think it's a huge Win.
Forsco i'm sort of surprised that they went that. WAY i,
MEAN i guess it truly must be because of low,
demand because, otherwise you, know they do sort of have
(27:12):
a little bit of a left slant when it comes
to THEIR dei, policies which A dei policy is not
a technical br, violation but it indicates to us, that you,
know they could start to if they think certain, ways
they could start to engage in certain behaviors that we
(27:33):
don't want to use our money to. Fund so at
the end of the, DAY i don't really care so
much why or what Excuse costco g for doing. It
i'm just glad that those who own shares Of costco
aren't being forced to be yoped with woke policies and
to fund those woke. POLICIES i think it's also an
(27:53):
encouragement for ministries and organizations like ours to know that
when we do speak up in a unified, way Corporate
america does pay. Attention and you know the difference, is you,
know The left when they approach these, companies they're asking
them to fund their. Agendas pay for This pride, parade
(28:14):
pray for the pay for This pride, festival support these
organizations that educate and encourage kids to question Their god
given sexuality and go down roads that are that cause
irre irreversible damage to their physical, bodies which are the
(28:35):
temples Of. God so we're encouraged when we see these
companies paying attention to these kind of, things Whether costco
admits it or, NOT i think it must influence them
in a, way especially on the back of you, know
what happened with Bud light and their woke marketing plan
(28:58):
and how that backfired on. Them how Target it's persistent
pursuit and support of THE lgbtq agenda has really you,
KNOW i DON'T i can't say that it's explicitly, related
but when you look At target's performance as a stock
(29:18):
as a, COMPANY i, mean who wants to own that?
Anyway they're just they consistently disappoint and you, know thank,
goodness it's been off of our radar screen for a
long time because of their policies and because of their
non biblically responsible. Activities, so you, know hopefully we're not
(29:39):
like the left where we're asking companies to give us their,
money to give us money that rightfully belongs to shareholders
to support agendas that we want to push. Forward now
we're on the other, side we're asking, corporations, hey just
do what is. Right follow principles that are laid out in,
(30:00):
scripture which are to operate in. Excellence do whatever you
do to the best of your. Ability if you sell,
burgers if you flip, burgers flip the best burger that
you can. Flip if you sell, products sell the best
products that you can sell at the most reasonable, price
do whatever you can as a corporation to operate in
(30:22):
excellence in an ethical way and return profit to. Shareholders
where that's what we're asking you to. Do we're not
asking you to engage in the culture. War that is
for individual culture warriors to. Do we're just asking you
to remain neutral so that we have a place where
we can invest with a clean conscience and help meet
(30:43):
our financial.
Speaker 3 (30:45):
Goals all, right THAT'S i don't. Know we do have
THE ag report coming.
Speaker 2 (30:52):
UP i don't know that we have time to get
to the call right, Now so we're gonna we're gonna
hold crews over for the next. Segment but let's see
if we can maybe throw in some shorter questions do With.
Speaker 5 (31:03):
Shanna this first one is From joseph And cecilia In.
Florida this is actually from our Chat shanna from a
few days, Ago joseph, Saying i'm an income investor in eighty,
THREE i have no commodity to. Purchase what could or
SHOULD i do to fill this? Sector thanks for showing
me that biblically responsible investing can be.
Speaker 6 (31:17):
Done that's, Good. Joseph what do you, Think?
Speaker 2 (31:19):
Shenna well, GREAT i appreciate that you know that support
there that encourages other people to know, that, hey this
can be, done regardless of you, know whether you may
have been told even by someone that you, trust that
it can't be. Done it can be, done all. Right
so what you're going to do is going to go
to the material. Sector you're going to look on the by,
(31:39):
list of, course and you're gonna look for companies that
are similar to those. Commodities so M a fifty would
be one to. CONSIDER M a fifty two would be another.
One M a twenty three would be the ones that
are most closely tied to that commodity sector that that we.
Speaker 6 (32:03):
Have, Awesome, shanna that's.
Speaker 5 (32:04):
Good i'm trying to see if we can squeeze a
short one in here before the Ag probably.
Speaker 2 (32:09):
Not, NOW i don't want to kind anybody, Short SO
i hope everybody joined For BABBO steti this morning.
Speaker 3 (32:14):
Set you want to talk about that for just a,
Minute i'd be.
Speaker 1 (32:17):
Glad, You.
Speaker 5 (32:17):
Shanna, yeah it was these last couple of weeks have
been a. Doozy we're In daniel seven and so that's
the kind of that that End times vision That daniel
has of the Four, beasts and very interesting conversation, There.
SHANNA i think one of the big lessons THAT i
tried to pull out of this kind of mini series
that we did of these these three lessons here is
That christ is on the throne and The kingdom is,
moving and that's that's, true regardless of your eschatological, position
(32:40):
is that the victory is ours in the, end and
we believe that The kingdom Of christ is the victorious
rock that smashes all the others if you reference back
to that vision And daniel. Two SO i hope that
our listeners could be encouraged by. It but next week
we'll be Starting daniel. Eight so you can join us
good just go the resources. Tab you can find the
call in number right. There anyone can.
Speaker 2 (32:58):
Join and another reason to be a partner is that
you get to watch the replace if you're a. Partner all, right,
folks we got THE ag report coming. Up we're going
to hear From Craig. Hawgrit we'll take a short break
and then on the other side of that we'll be
back with more fun each.
Speaker 6 (33:11):
Way this Is.
Speaker 8 (33:12):
Craig howguard with your financial? ISSUES ag update For august,
Fifteenth well corn had another strong week of new crop corn, exports.
SALES us corn out of The gulf continues to hold
at least a sixty cent per bushel advantage Over, brazil
and when it comes to solving THE us supply, situation
they'll be brought about by one hundred and eighty eight bushel.
Yield it's going to be on the back of exports
more than feed or ethanol to get that job, done
(33:34):
and right now THE us is priced to. Export yesterday
saw A december corn unchanged at three ninety seven and
a quarter after affirming every day so far this week
and making new six week. Highs in the overnight. Trade
we saw a soybeans reverse direction and had Lower with
no new Crop chinese demand in THE us And brazil
continuing to Cover chinese bean, needs exporters are hesitant to
(33:54):
get long and have dropped their bids as a. Result
november beans were fifteen and three quarter cents, lower settling
at ten eighteen and a. Half we'd got off to
a good start with decent exports, sales but the boom
was quickly off the rows as a STRONG us dollar
and moisture in The australian forecast put pressure on. Wheat
Kansas city put in a new contract low for The september,
futures which isn't great for, farmers but the weaker futures
(34:16):
price does keep THE us competitive in the world. Market
sometimes the best cure for low prices is low, prices
so maybe we'll see that come to. Fruition in the wheat.
Market we Had Minneapolis september wheat and nickel lower at
five seventy. Two Kansas city was two and a half
cents lower at five oh four and a quarter In
chicago declined by three and three quarter, cents closing on
five oh three and a. Half cotton futures are back
(34:37):
to chopping. Sideways december futures end of the session five
points lower at sixty seven sixty. Eight we also saw
livestock futures Retreat october live catliler futures were two dollars
and sixty cents lower at two hundred and twenty six
dollars eighty two and a half cents per one hundred.
Away september feeder cattle dropped by five dollars and sixty,
cents closing a three hundred and forty one dollars two
(34:57):
and a half cents per one hundred And october leenhawk
futures were buck sixty five lowered eighty nine dollars twelve
and a half cents per one hundredweight. Costume no futures
unraveled On. Thursday the closing Mail september was fifty four
points lower at eighteen. Fourteen this has Been Craig howe
guard with your financial. Issues egg. Update we'll be right
back with more financial issues after.
Speaker 4 (35:18):
This the opinions and recommendations expressed on this program do
not necessarily represent the opinions of the station or any
of the program's. Sponsors, additionally all products or services offered
by the program sponsors may not be known by the.
Speaker 2 (35:40):
Program welcome back to financial.
Speaker 3 (35:45):
Issues thanks for sticking with.
Speaker 2 (35:46):
Us word on the home stretch the very last part
of the, show so we do have a. Caller cruise
is calling From texas and he's been waiting. Patiently so
we're going to get To cruise right. Now cruise your
live on financial.
Speaker 7 (36:02):
Issues Hello senna and say Hey.
Speaker 6 (36:05):
Cruise good to talk to you.
Speaker 7 (36:06):
Buddy oh, yeah it's great to hear you. Guys SO
i have a, question and it's in regards to crowdfunding
or buying stock and Some christian media. COMPANIES i know
sometimes it doesn't quite give a return as you know
other financial tools, do but you, know my mentality is
(36:32):
supporting them to help, show provide, media, cartoons shows movies
that reflect Christ so what is your opinion on some of?
Speaker 2 (36:45):
That so my opinion on that, is as far as investing,
goes you, KNOW i want neutral companies that are going
to operate in excellence and return the best value that
they can to. Shareholders so as an investment maybe, not
but as a ministry if that's on your, HEART i
know there ARE i can think of some, programs some
(37:08):
series that are crowd. FUNDED i think that would be
a good, thing And i've actually done some of that
on my. Own not as an investment, though but just
as a ministry, activity because you, KNOW i believe that
the work that they're doing is causing more people to
hear The, gospel to come face to face With jesus
(37:30):
in certain, circumstances and may really speak to speak to
people's spirits and lead them into The kingdom Of. God
SO i, MEAN i would say that that would be
more of a ministry kind of thing to, do as
far AS i don't know which specific if there's Any
christian media publicly traded companies that you're talking. About if there,
(37:50):
are of course we would have to evaluate them just
like we evaluate any other. Investment the first, screen of,
course is going to be whether or not they're biblically,
responsible and then we're going to move on to look
at them as a, company BECAUSE i.
Speaker 3 (38:05):
Mean here's the.
Speaker 2 (38:05):
Thing you, know so many times As christians we compartmentalize
different areas of our. Lives AND i don't think that
that's god intention at. All he Knows he's intimately involved
in every area of our, lives and SO i think
we should lean on him and choose to Honor him
in every let him into every area of our. Lives
SO i, Mean god created, everything So god created, business
(38:29):
and so when business follows the principles that are laid
out in, scripture whether they're doing it intentionally or. Not
there's certain laws in the, universe like the law of. Reciprocity,
reciprocity you, Know god says if you, reap you will,
sew and so that applies in the world is just
(38:50):
like the law of. Gravity you, know What god says is,
true and what he says that happens as a result
of what he says to do will.
Speaker 3 (38:59):
Happen so.
Speaker 2 (39:01):
You, know as far as investments, go we're going to
first make sure that they're clean or at least, neutral
and then we're going to buy the best companies that
have the best chance of returning shareholder value to. Us
SO i do see what you're talking about as a
potentially great thing to, do BUT i see it more
as an active ministry THAN i do as an act of.
Speaker 5 (39:24):
Investing, SHANNA i totally agree with, That. Cruz if you've
listened to our, show you've Heard shanna, say you, know
there are certain buckets of money that you. Have you're
investing money is different from your savings. Money AND i, Think,
shanna IF i can be so bold as to, say
this might be neither of. Those this might be your giving,
money it might be where you would fund this.
Speaker 6 (39:41):
From, YEAH i.
Speaker 3 (39:42):
Mean it depends on the.
Speaker 2 (39:43):
ORGANIZATION i don't know specifically that we're talking about any particular.
Speaker 6 (39:47):
One, sure.
Speaker 3 (39:50):
Thank you for that. Question that was. Great thanks for Calling.
Chraise we appreciate.
Speaker 6 (39:55):
It, Yeah, cruz, thanks, brother appreciate.
Speaker 3 (39:57):
You All, right that's.
Speaker 1 (39:59):
Great, now good.
Speaker 6 (40:00):
Good it's always good to hear.
Speaker 5 (40:03):
That you, know our listeners are trying to think of
ways to use their money that is, investing but beyond
investing as.
Speaker 6 (40:08):
WELL i think it's awesome it.
Speaker 2 (40:10):
Is you, know The bible speaks so much about, money
and that's because money is connected in some way to
most decisions that we. Make and when we really get
the mind Of christ about stewardship as it relates to,
finances BECAUSE i, mean let's, FACE i, mean you hear
(40:31):
that term all the. Time money makes the world go. Round,
well for some people it, does but for AND i
guess for all people it really. Does because money is
just the medium of. Exchange it's how we put gas
in our cars and a roof over our, head and you,
know by the things that we.
Speaker 3 (40:50):
Need that's the.
Speaker 2 (40:51):
Exchange so we get money in exchange usually for work
that we've, done for using Our god given abilities and
talents to do work that we get compensated. For and
then we exchange that money for the things that we
need and for some things that we.
Speaker 3 (41:08):
Want and so when we really.
Speaker 2 (41:11):
Get That god owns, everything we don't deserve. Anything even
the money that we earn is a result of the
use of our, gifts talents and abilities That god gave.
Us when we really get, that it flows into every
area of our, life into every decision that we. Make
(41:31):
so you, know sometimes people might, question you, know is
it really important to have this financial issues. MINISTRY i,
mean you, know isn't money? Evil, No money's not. Evil
it's the love of money is the root of all
kinds of. Evil but we have to deal with money
on an every, day day, in day out. Basis AND
(41:53):
i think it benefits the believer greatly to have instruction
and heulse on ways that they can do that first
and foremost Honors, god because you, know when we Honor,
god it's an act of. Worship and so you, know
we can Honor. God we can Worship god in the
way that we, invest in the way that we handle
(42:14):
our financial. Decisions and to, me that is a mission
worth fighting for and putting effort.
Speaker 6 (42:23):
Behind, Hey, mantion that's well.
Speaker 2 (42:26):
Said all, right no more, calls BUT i think we
can answer a few questions.
Speaker 6 (42:29):
We got time. For let's see. Here this Is.
Speaker 5 (42:32):
Maggie maggie actually had called In, shannis so this is
a call that we got on our voicemail. Machine but
she said, Basically i'm seventy seven years. Old i'm having
difficulty with addressing my. Beneficiaries SO i moved from one
state to another, state And i've found that with my,
ACCOUNTS i cannot change my beneficiaries without having their Social security.
Number And i've not changed, banks BUT i would like
(42:53):
to get that. DONE i feel very uncomfortable asking for
someone's Social security, number And i'm not particularly wanting to
identify That i'm having them as my. Beneficiary if you
can give me some assistance with, that i'd appreciate. It
my current beneficiaries are, predeceased AND i would like to
change those to some other people that are not necessarily,
family but might need some assistance for, CONTEXT i move
From ohio To.
Speaker 6 (43:13):
Alabama it's a good, Question. Shanna what would you have For.
Speaker 2 (43:15):
Maggie, yeah so it must have been quite a while
since you've had to update. Beneficiaries but AND i do
understand your concern having to ask people for their Social security.
Speaker 3 (43:25):
Numbers that is pretty sensitive.
Speaker 2 (43:26):
Information but it's my experience that you can't really name
a beneficiary anymore without having a Social security, Number AND
i would even encourage you to have it to make
sure that helps to identify a. Person so you, know
sometimes there's people with the same. Names if all you
have is a, name you, know whoever is providing service
(43:51):
on the account that you have when you go home
to be with the, lord that person is going to
have the responsibility of finding the right person and have
having that money transfer to the person that you actually
intended it. To so If i'm an, advisor IF i
only have my If i'm trying to fulfill this duty
to one of my, clients IF i only have a,
(44:11):
name and you, know what DO i? DO i google that?
NAME i, MEAN i don't have an, ADDRESS i don't
have any other. Information, well there's no guarantee that what
you wanted to, happen which was to pass certain assets
to certain, people will actually end up. Happening as far
as not wanting them to Know they don't have to
know the details of what you're. Doing you can just
(44:35):
you can let them know that you've decided to include
them as part of your. Estate you don't have to
tell them what it is or anything like, that but
it's just it's a necessary, thing and it's a good
thing to make sure that you've identified the right. Person
it's always a good idea to make sure that at
least somebody whoever's going to be handling the settling of
(44:58):
your estate no knows what your wishes, are knows what
your instructions, are knows where your legal documents can be,
found because that's really going to Ensure AND i would
even consider writing a letter to the person who is
going to be settling your, estate just to provide some,
guidance and also look at that as a ministry. Opportunity you,
(45:20):
know if we end up at the end of our
lives with more money than we needed to live our entire,
lives that means we have an inheritance to pass, on
and The bible says that that's a good, thing and
so we should use that opportunity to praise The lord and,
say look what The lord. Did he gave me more
THAN i, needed and NOW i have the blessing of
getting to pass that along to. You and so especially
(45:42):
if you have heirs that don't know The, lord that
is going to be a testimony to.
Speaker 5 (45:47):
Them that's, Great, shannon, boy we're coming to that time.
Speaker 6 (45:51):
Here i'd love to weeeze one more. IN i don't
think we have time, Though.
Speaker 3 (45:54):
YEAH i don't think so.
Speaker 2 (45:56):
Either, well, folks we hope that you are a. Partner
if you're, not WE i hope that you heard something
today that will make you become. One we are a
listener and partner supported, ministry and so the money that
you donate to us and the money that you use
to pay for your partnership helps to make sure that
the work that we're doing can. Continue so if you've
(46:17):
been blessed in any, way we just consider you to
become a, partner become a monthly soldier as a one
who gives money every, month or just make a. Donation
as The lord. Leads, well, folks we got to go.
Today we want to encourage you to come back next
week because time is getting.
Speaker 3 (46:34):
Short The master.
Speaker 2 (46:36):
Is coming back and he owns everything and he's going
to ask how we handled the. Time talent and treasure
that we were trusted to. Manage our goal is to
help you be found a good and faithful. Steward have
a wonderful day of worship On. Sunday come back next
week for more financial.
Speaker 1 (46:53):
Issues if 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 reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen man, as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:25):
Good morning, Welcome to Financial Issues. We're so glad that
you're joining us today. Whether you're a longtime seasoned listener
or whether you're finding us for the first time. Today,
we hope that you will learn something about stewardship today.
We hope that you will be encouraged and you will
be edified to be a good steward with all that
the Lord has trusted you with. For just one hundred
(00:45):
and thirty two dollars a year, you can be a
partner with this ministry. If you're hearing us for the
first time, we hope that you're going to stick around
and hear more about how we can help you defund
darkness with a biblically responsible investment strategy and be encouraged
to fund the light to be a joyful, generous and
obedient giver. Today is Rapid Fire Friday, and our phone
(01:06):
lines are open. You'll be the first caller in the
queue if you call six ten three six three eleven ten.
On today's show, we're going to get you caught up
on the week's happening. We're going to get you in
the know about the recent economic and market news that
has happened this week, and of course we're going to
give you encouragement from the scriptures on how to be
(01:28):
a good steward. Today will be in Second Corinthians six fourteen.
But first let's get you in the knowe at financial issues.
We help you to stay in the know about the
financial issues of the day that impact you. We 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. Got a few takeaways from this week,
(01:51):
so we'll just jump right in first.
Speaker 3 (01:54):
As you might.
Speaker 2 (01:54):
Inspect expect is inflation. So this this week's big story
on inflation and handed us a little bit of a
mixed bag. The Consumer Price Index or CPI for short,
came in exactly where it was last month. That two
point seven percent year over year, so that measures price
increases over a basket of goods over the last year.
(02:16):
Two point seven is what we got. Core CPI, which
does strip out the more volatile food and energy, ticked higher, though,
from two point nine percent in June up to three
point one percent for July. Initially, bond yields dipped to
about four and a quarter, indicating that they do see
rate cuts on the way as a result of that
(02:37):
data that was reported as markets seem to look past
the inflation report.
Speaker 3 (02:43):
But here's the reality.
Speaker 2 (02:44):
The last mile of inflation getting us down from the
threes to the FEDS two percent target has proven sticky, which,
by the way, the FEDS mandate is not two percent.
The FEDS mandate is price stability. So are we there
there yet? That's to be seen. We are, however, seeing
progress in shelter inflation coming down as rents level out
(03:09):
as we see them roll over you know, you only
renew your lease once a year at most, and housing
prices start to stabilize after increasing sixty percent over the
last six years.
Speaker 3 (03:21):
So this.
Speaker 2 (03:23):
Shelters part of the inflation mixed metric has made inflation
pretty sticky. Mortgage rates are coming down, but it could
only exacerbate the housing affordability problem if inventories don't increase proportionally.
What I mean by that if demand increases with more
people who are willing and able to get a six
(03:45):
and a half percent mortgage, but supply that is the
number of homes that are for sale doesn't increase, then
we just have more sticky.
Speaker 3 (03:55):
Or more housing inflation altogether.
Speaker 2 (03:58):
And just this morning we got import prices, which we
have been watching closely to determine to settle the argument
of who's actually paying the tariffs? Is it exporters, is
it importers, is it the consumer? Well, this morning the
BLS reported and I'm quoting here, that import prices rose
four tenths of a percent from previous month in July
(04:20):
of twenty twenty five, contrasting supply with market expectations that
they would have remained unchanged and rebounding from the revised
plus zero point one percent ease in June. It was
the sharpest increase since April of last year, reflecting that
foreign companies have not lowered their selling prices so far
(04:41):
to accommodate for tariffs passed by the US presidential administration.
So that quote out of the BLS, which will get
to in just a minute, but which is seeing some
definite shakeups in leadership there so I do see evidence
that some exporters are eating some of the tariffs, but
some of the cost will be borne by importers, and
(05:04):
that potentially squeezes margins because that's an increased cost for
companies who would then sell things to consumers or their
other option is to pass that on to consumers.
Speaker 3 (05:16):
So tariffs are a form of.
Speaker 2 (05:18):
Tax and that will undoubtedly trickle some of that costs
will trickle to corporations in consumers. But tariffs aren't happening
in a vacuum. There are other things happening alongside tariffs,
like stable lower tax rates. The tax rates haven't decreased much,
(05:38):
but we got clarity that they will stay low from
a historical perspective, at least until Congress can get enough
support to change them again. And we're seeing corporate tax
the corporate tax rate remain at those lower levels. Now
here's the part where it gets interesting. We also got
(05:58):
PPI out this week, which is the Producer Price Index.
So this measures the change in prices that producers experience
that arguably get typically passed along to the consumer. So
PPI this month's jump point nine percent in July that's
the biggest monthly gain since twenty twenty two. Oddly enough,
(06:19):
service prices rose more than goods prices, so tariffs are
focused on goods coming in, right, and if tariffs were
the main culprit driving inflation, we would expect to see
goods prices jumping before we see services prices jumping.
Speaker 3 (06:36):
But it's not what happened.
Speaker 2 (06:37):
The singlet big, biggest contributor to the PPI jump was
the Final Demand Services Index, which rose one point one percent.
And inside that number, so you wonder what's inside that number,
what's inside that number? There was one category, or a
couple categories that stood out to me first was portfolio
management services. Portfolio management prices rose five zero point four
(07:00):
percent in just one month. So what happened there, Well,
it wasn't because investment managers suddenly hiked their fees. It's
because the stock market hit multiple record has in July,
with the SMP gaining over two percent for the month.
So most managers charge a percentage of the assets that
they manage, so when your portfolio goes up in value,
(07:22):
the actual dollar fees that you pay goes up. So
this increase in PPI was less about inflationary pressure from
rising cost and more about the market's strong performance showing
up in the data. In other words, the stock market
rally itself helped push measured inflation higher. So is that
(07:42):
really bad news? Not necessarily, it's more of an accounting
effect than the truth signal of broad price pressure. The
other biggest contributor to PPI came from margins in machinery
and equipment wholesaling. So what does that mean in regular
people terms? While the margins are simply the difference between
what wholesalers pay for machinery and the equipment and then
(08:05):
what they turn around and sell it for. So in July,
those margins rows three point eight percent month over month,
reflecting strong demand for industrial and commercial equipment. Well, why
is why are we seeing a CAPEC cycle so strong
that we haven't seen in decades. Well, it's because of AI,
(08:26):
the spend that companies are spending on AI innovation and
on shoring, because Trump is pushing an American first agenda.
And we also can't overlook diesel fuel prices which jumped
eleven percent in July. Well, that's partly due to the
summer driving season, partly a lingering hangover from the refinery
(08:48):
shutdowns that we saw during COVID, and partly because of
opex it takes a long time to restart refining processes
after you completely shut them down, and partly because of
ope's continued production cuts. So we really wouldn't be feeling
these the prices in oil as sharply if we had
(09:12):
been in drill baby, drill mode. Fully, let's move on
to the BLS shakeup, and I don't think I'm gonna
have time to get all the way through it, so
you're gonna have to stick around to the next segment.
But the other big development this week are actually sort
of at the end of the week before, is the
shakeup in the BLS, the agency that calculates CPI PPI
(09:33):
and the monthly non form payroll reports. If you're a
partner and you read the commentary, we had some things
to say about that in this week's commentary as well,
so make sure that you check that out on a
weekly basis. So President Trump has appointed E. J. Anthony
as the new head of the BLS. So what this means,
(09:54):
you know, And this came on the back of the
non form payroll numbers that were reported, the revisions, the
huge revisions that were reported. Trump came out almost immediately
said that the current director was fired and now he's
appointed EJ. Anthony, which sort of has the left's head
spinnings because he's affiliated with the Heritage Foundation and had
(10:17):
was a contributor to Project twenty twenty five. So I
don't listen to much left leaning news, but I'm sure
that's what they're screaming about.
Speaker 3 (10:26):
That also means that EJ.
Speaker 2 (10:28):
Anthony now will be in charge of two of the
three key inflation measures that the Federals preserve depends on
CPI and PPI, as well as the Fed's other mandate,
the jobs Data.
Speaker 3 (10:44):
The folks, we got to take a break.
Speaker 2 (10:45):
Don't go anywhere, because we're going to be right back
after this short break.
Speaker 1 (11:01):
There are moments in life that's define us.
Speaker 4 (11:03):
Security is offered through GA Repel and Company, a registered
broker Dealer and Investment Advisor member FINRA and SIPC. Opinions
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
(11:26):
work with to make sure it's applicable to your financial plan.
Speaker 2 (11:33):
Welcome back to financial issues. Our phone lines are still
open six' ten three six three eleven. Ten you'll be
the first caller in the queue on this rapid Fire, Friday.
Aimial we hope that you will give us a call
and tell us what's on your, mind ask some. Questions
and you know, what every every morning before the, show
we pray against technical issues and things like. That and
(11:56):
you know that doesn't stop the attacks from.
Speaker 5 (11:58):
Coming that's, right, yeah it is so sometimes you, know
it is a good reminder that this is for. Prayer
whenever we, Pray god always. Answers sometimes the answer is,
yes sometimes it's no or not. Yet and in that,
case this, morning we had a little bit of an
issue with OUR tv feed this, morning, folks if you
were on our, chat you didn't see our live. Show
we've got that issue resolved, now so hopefully you were
(12:19):
able to catch that live segment on the listen live,
option which is, Great shan and have so many options to.
Listen if one of them goes, down there's another one
that you can still catch that live show For but
we are back live.
Speaker 6 (12:29):
On OUR tv feed, now which is. Great.
Speaker 2 (12:31):
Yep and if you're listening at a time other than
if you're listening to the listener watching the, podcast it
doesn't affect you at. All if you're watching through our phone,
app you didn't even know it.
Speaker 3 (12:42):
Happened that's, right now you.
Speaker 2 (12:44):
Do but it's a great opportunity to give us a
testimony of how Faithful god is because you, know it
doesn't say, no no weapon will.
Speaker 3 (12:52):
Form it says no weapon will. Process that's.
Speaker 5 (12:54):
Right there you, go there you, go even a technological,
weapon that's.
Speaker 3 (12:58):
Right that's.
Speaker 7 (12:58):
Right all.
Speaker 2 (12:59):
Right let's pick back up on the in the no.
Section let's wrap it up. Here so before the, BREAK
i was talking about the changes coming at THE bls WITH.
Ej anthony being appointed as the head of THE. Bls
and now he's going to be in charge of the
major data that THE fed uses as they're being data
(13:22):
dependent and making decisions about interest rates and money. Supply
so THE bls puts out THE cpi AND ppi, numbers
which are inflation. Numbers that's one of The fed's mandates
is price. Stability and they are also going to be
in charge of the non form payrolls number which gives US,
ah it's one of the most heavily looked at numbers
(13:47):
when trying to discern whether or not we have a
strong labor. Market so THE fed has two, mandates price
stability and full, employment and so now THE. Bls whether
you see these changes as much needed or as a political,
flashpoint the fact is that leadership. Change that this leadership
(14:08):
change is coming at a time when the accuracy and
the credibility of economic data is already under the. Microscope for,
us it's been under the microscope for a really long.
Time you, know even even back When dean was still
the host of the, show he used to talk about
the outdated methods that THE bls used to collect employment.
(14:29):
Data you, know you picture them using their rotary phone
to dial, up you, know to do the surveys and
things like. That and into the end this day and,
age there are much more efficient uses of technology and
hopefully we will begin to see. That so that will
be an interesting thing going. Forward as far as the markets,
(14:51):
go it doesn't really matter so much What i'll. Say
it doesn't really matter so much where the market is,
going because the, market we've seen the market hit all time.
Speaker 3 (15:01):
Highs this is WHAT i mean by. That we've seen
the market hit all time.
Speaker 2 (15:04):
Highs we've expressed a little bit of caution about whether
or not it can go higher just based on emotional.
Exuberance we don't want to get caught up in that.
Trend but at the end of the, day for our,
strategy we're our goal is to pick and own good
individual companies to build a. Portfolio we're not building the.
(15:25):
Market we're never going to look like the market because
the market is made up of companies that are using
shareholder dollars to fund ungodly agendas and we want no
part of. That so we're never going to look exactly
like the. Market we're not going to own five hundred.
Companies that's what THE s AND p five hundred.
Speaker 3 (15:45):
Does you.
Speaker 2 (15:46):
Know our goal is not to own every single company out.
There our goal is to pick good individual companies who
are staying out of the culture, war who are not
using our shareholder dollars to fund an ungodly, agenda and
we're trying to get a prudent. Return but if you
want to know what the market has, done the market,
is you, know sort of at all time highs and
(16:07):
the last. Week The dow is up one and a half,
Percent THE smp and THE nastac are both up about
one point three percent so, far and the pre markets
this morning are indicating a little bit of a mixed.
Opening The dow's indicating an open of up a little
over half a, point the s AND p five hundred
right about flat but barely to the positive, side and
(16:29):
THE nasac is indicating an open down about fourteen basis.
Points so what is coming next? Week, well the big
news next week Is Jackson. Hole Jackson hole is the
annual symposium that kicks off for THE, fed WITH Fed
Chair Jerome powell delivering and opening address On august and twenty.
Speaker 3 (16:50):
Second markets will.
Speaker 2 (16:51):
Be hanging on his every word and dissecting his message
for clues on The fed's trajectory for what they're going
to do with interest, rates especially ahead of The september.
Meeting So Jackson hole tends to set the tone for
what THE fed is thinking and what is to come
in the coming. Year it will be interesting to hear
(17:13):
what comes out of. THAT i do believe there's about
a ninety four percent chance that the market is pricing
in of A fed rate.
Speaker 3 (17:20):
Cut coming In.
Speaker 2 (17:21):
September now that you're in the know about the recent
and upcoming financial issues impacting, you we hope that you'll
learn more about how you can we can help you
integrate those issues into your own. Stewardship so At Financial
issues we equip you with the tools to defund, darkness
to Honor god in the way that you invest by
(17:42):
giving you a very, practical biblically responsible investment. Strategy and
you'll often hear us encouraging you to fund the, light that,
is to be a, joyful generous and obedient. Giver if
you haven't, ALREADY i encourage you to become a. Partner
you'll get access to to our asset allocation models and
our weekly by list that will help you build your
(18:05):
portfolio in a way that Honors. God just remember your
investments have a. Purpose defund, darkness fund the, light be a,
joyful generous and obedient. Giver become a partner With Financial issues.
Today you can find out all the information that you
need At Financial issues dot.
Speaker 3 (18:23):
Org all, right.
Speaker 2 (18:25):
Let's shift gears a little. Bit while we're waiting for
some phone. Calls the number six ten three six three eleven.
Ten if you want to get in the call. Queue
you'll be the first caller in the. Queue but let's
not neglect the word Of god. Today so our stewardship
versus the day comes From Second corinthians six fourteen, says
(18:46):
do not be yoked together with. Unbelievers for what do
righteousness and wickedness have in? Common are what fellowship can
light have with? Darkness so this verse is often apply
to marriage covenant. Relationship it's a principle of, stewardship and
it goes further than just our marriage. Relationships it includes
(19:09):
advice on how we handle our, partnerships our, investments and our.
Finances the wisdom found here also extends to not getting
counsel from those who have not committed to Follow christ
in every area of their, lives including how they. INVEST
(19:29):
i don't want to get yoked with the, woke and
that's WHY i do biblically responsible. Investing so investing in
or profiting from companies that actively oppose biblical values is
a form of being yoked with. Darkness so in this,
Passage paul uses the example of a, yoke a wooden
(19:49):
bar that joins two animals together for. Plowing if the
animals are mismatched in, size, strength or, nature the work
will suffer and the load will be. Unbalanced, spiritually the
warning is. Clear when believers find themselves in covenant like
partnerships with those who don't share their, values they risk
(20:12):
being pulled away from obedience To. God so let us
consider our relationships. Today are we intentionally yoked with believers
in all of our most important? Relationships if, not let's
reconsider those relationships unless it's, marriage because the scripture clearly
says that if you're married to an unbeliever that you should.
Speaker 3 (20:33):
Stay what do you, Think.
Speaker 6 (20:35):
Sam and that's exactly right On. Shanny you.
Speaker 5 (20:37):
Know the hope in the marriage, relationship of, course is
that the unbeliever trust In christ and then you are equally,
yoked which is. GREAT i think this is so key
to biblically responsible, investing To, shanna that we cannot be
yoked with, wicked evil, companies or at least the things
that those wicked evil companies are. Doing it's not like
those companies have, souls but they're doing things with investor
dollars that are. EVIL i think we should be enraged
(20:57):
at the thought of companies using our money to profit
the dark kingdoms of this.
Speaker 6 (21:00):
World so let's resolve to fellowship with the.
Speaker 5 (21:03):
Light AND i use that word fellowship as a verb
to make, fellowship to be together with the.
Speaker 2 (21:07):
Light, yeah being intentional, yep sort of forces us when you,
know we don't get to make the day to day
decisions on how company is. Run that's the job of
THE ceo and the leadership of the. Company but we
do get to choose whether we continue to own that
company or, not because you, know they can sort of
force us if we stay. Invested they can force us
(21:28):
to be yoked with ungodly agendas and we don't want,
that so we can unyoke very. Easily speaking of, unyoking
we issue to sell alert recently for a company For,
tesla a company that has recently been discovered to be.
Dirty so we immediately asked our partners to consider selling,
(21:50):
it and we have a petition. Going so if you'll
go To financial issues dot, org you can help be
a part of that. Too, so you, know jumping off
of what we were just talking, about being unequal, Yoked
i've had people tell me that they were convicted of
biblically responsible investing when they heard about it for the first,
time and that as that began to stir around in their,
(22:11):
spirit their convictions. Grew as they looked at their, portfolios
they figured out that they were invested in companies that
were forcing them to fund and ungodly. Agendas and when
they even asked Their christian financial, advisor in some, cases
they were told that's, impossible you can't be biblically, responsible
(22:32):
or even, worse it's not. Important you, know we're making
all of this money and you're. Giving so the more
money that we, make the more money that you can.
Give So i'll just repeat what our Founder Dan celia
used to say on a regular, basis don't let a
financial advisor rob you of an act of worship of
(22:52):
being biblically. Responsible if The lord is telling you something
in your spirit to do something or not do, something or,
us if we don't, listen it is a. Sin so
we've got another example of biblically responsible. Investing we don't
have quite time to get to it in this, segment
(23:13):
so we'll push it.
Speaker 3 (23:13):
Forward we hope that you will stay tuned if.
Speaker 2 (23:16):
You're listening on an outlet that is only carrying the
short thirty minute version of our. Show we hope that
you will catch the full show either on podcast or
by getting our phone app or going to our. Website
you'll be able to catch the current and all past
episodes in video and audio form by doing one of
(23:37):
those two, things and you'll be sure that you can
follow us no matter what outlets we choose to be
on in the, future are don't choose to be all,
right folks hanging, Around we've got more financial issues coming all,
up welcome back to financial. Issues thanks for sticking with
(24:09):
us through the. Break we're officially in the second half
and our phone lines are. Open it is, empty so
you'll be the first person in the call c if
you call now six ten three six three eleven. TEN
i don't know if it's just the end of, summer
people are on, vacation or they're just they just don't
have any questions, here.
Speaker 6 (24:28):
SHAN i like to think it's.
Speaker 5 (24:29):
There they're just sho in awe of what we've, said the,
brilliance so they're, speechless you, KNOW.
Speaker 3 (24:34):
I, GUESS i guess that's the one possibility of.
Speaker 2 (24:37):
It, well you, know speaking of yoking with the, woke
we do have as a ministry for our. Partners we
publish asset allocation, models and then we give and a
by list that's updated weekly in between the week if
something really major happens and we have to change, something
(25:00):
but at least, weekly that gives our partners companies that
they can consider adding to their portfolio that are, clean
that are not using shareholder dollars to promote an ungodly. Agenda,
now there are a couple if you look at our,
list that are on what's called a, watch so that
(25:20):
just means that they are technically, clean but there's we're
starting to get some whiffs that maybe they're moving in
the wrong, direction so you, know we're keeping an eye on.
Speaker 3 (25:30):
Them And.
Speaker 2 (25:34):
Costco is one of those companies that is technically clean right,
now it's not on our by. List so this is
not an endorsement to buy or Sell. Costco it's just
something interesting that we want to bring to your. Attention
so set give us the details around the latest that's
going on With.
Speaker 6 (25:51):
Costco, yeah And i'd be glad To. SHANNON i think
this is good.
Speaker 5 (25:53):
NEWS i think it's good news for, US i think
it's good news for The christian, worldview AND i do
think it'll be good news For costco as. Well they
did decide recently not to sell the abortion. Pill so
this was partially due to the urging of faith based,
activists which, Really, SHAN i take that as the Non
christian mainstream media's way of Labeling.
Speaker 6 (26:13):
Christians that's Just christian.
Speaker 5 (26:14):
Activists costco has decided it will not sell the abortion.
Pill so according to a statement seen By, Bloomberg costco
said it had not seen a customer demand for the.
Pill Last, August, inspire one of our screening, tools launched
a petition urging the company not to sell the, drug
and the petition received around six thousand, Signatures, shanna From costco,
members and that's along with about two thousand signatures from
(26:35):
investors and concerned.
Speaker 6 (26:36):
CITIZENS i think this is great, News. Shanna what do you.
Speaker 3 (26:38):
THINK i think it's great.
Speaker 2 (26:40):
News Now costco didn't say that that was the reasoning
behind their. Decision now they blamed it on low demand
for the, drug, which, hey that in and of.
Speaker 3 (26:50):
Itself would be a huge.
Speaker 2 (26:51):
Blessed at Least costco shoppers are not looking for the abortion.
Pill so either, WAY i think it's a huge Win.
Forsco i'm sort of surprised that they went that. WAY i,
MEAN i guess it truly must be because of low,
demand because, otherwise you, know they do sort of have
(27:12):
a little bit of a left slant when it comes
to THEIR dei, policies which A dei policy is not
a technical br, violation but it indicates to us, that you,
know they could start to if they think certain, ways
they could start to engage in certain behaviors that we
(27:33):
don't want to use our money to. Fund so at
the end of the, DAY i don't really care so
much why or what Excuse costco g for doing. It
i'm just glad that those who own shares Of costco
aren't being forced to be yoped with woke policies and
to fund those woke. POLICIES i think it's also an
(27:53):
encouragement for ministries and organizations like ours to know that
when we do speak up in a unified, way Corporate
america does pay. Attention and you know the difference, is you,
know The left when they approach these, companies they're asking
them to fund their. Agendas pay for This pride, parade
(28:14):
pray for the pay for This pride, festival support these
organizations that educate and encourage kids to question Their god
given sexuality and go down roads that are that cause
irre irreversible damage to their physical, bodies which are the
(28:35):
temples Of. God so we're encouraged when we see these
companies paying attention to these kind of, things Whether costco
admits it or, NOT i think it must influence them
in a, way especially on the back of you, know
what happened with Bud light and their woke marketing plan
(28:58):
and how that backfired on. Them how Target it's persistent
pursuit and support of THE lgbtq agenda has really you,
KNOW i DON'T i can't say that it's explicitly, related
but when you look At target's performance as a stock
(29:18):
as a, COMPANY i, mean who wants to own that?
Anyway they're just they consistently disappoint and you, know thank,
goodness it's been off of our radar screen for a
long time because of their policies and because of their
non biblically responsible. Activities, so you, know hopefully we're not
(29:39):
like the left where we're asking companies to give us their,
money to give us money that rightfully belongs to shareholders
to support agendas that we want to push. Forward now
we're on the other, side we're asking, corporations, hey just
do what is. Right follow principles that are laid out in,
(30:00):
scripture which are to operate in. Excellence do whatever you
do to the best of your. Ability if you sell,
burgers if you flip, burgers flip the best burger that
you can. Flip if you sell, products sell the best
products that you can sell at the most reasonable, price
do whatever you can as a corporation to operate in
(30:22):
excellence in an ethical way and return profit to. Shareholders
where that's what we're asking you to. Do we're not
asking you to engage in the culture. War that is
for individual culture warriors to. Do we're just asking you
to remain neutral so that we have a place where
we can invest with a clean conscience and help meet
(30:43):
our financial.
Speaker 3 (30:45):
Goals all, right THAT'S i don't. Know we do have
THE ag report coming.
Speaker 2 (30:52):
UP i don't know that we have time to get
to the call right, Now so we're gonna we're gonna
hold crews over for the next. Segment but let's see
if we can maybe throw in some shorter questions do With.
Speaker 5 (31:03):
Shanna this first one is From joseph And cecilia In.
Florida this is actually from our Chat shanna from a
few days, Ago joseph, Saying i'm an income investor in eighty,
THREE i have no commodity to. Purchase what could or
SHOULD i do to fill this? Sector thanks for showing
me that biblically responsible investing can be.
Speaker 6 (31:17):
Done that's, Good. Joseph what do you, Think?
Speaker 2 (31:19):
Shenna well, GREAT i appreciate that you know that support
there that encourages other people to know, that, hey this
can be, done regardless of you, know whether you may
have been told even by someone that you, trust that
it can't be. Done it can be, done all. Right
so what you're going to do is going to go
to the material. Sector you're going to look on the by,
(31:39):
list of, course and you're gonna look for companies that
are similar to those. Commodities so M a fifty would
be one to. CONSIDER M a fifty two would be another.
One M a twenty three would be the ones that
are most closely tied to that commodity sector that that we.
Speaker 6 (32:03):
Have, Awesome, shanna that's.
Speaker 5 (32:04):
Good i'm trying to see if we can squeeze a
short one in here before the Ag probably.
Speaker 2 (32:09):
Not, NOW i don't want to kind anybody, Short SO
i hope everybody joined For BABBO steti this morning.
Speaker 3 (32:14):
Set you want to talk about that for just a,
Minute i'd be.
Speaker 1 (32:17):
Glad, You.
Speaker 5 (32:17):
Shanna, yeah it was these last couple of weeks have
been a. Doozy we're In daniel seven and so that's
the kind of that that End times vision That daniel
has of the Four, beasts and very interesting conversation, There.
SHANNA i think one of the big lessons THAT i
tried to pull out of this kind of mini series
that we did of these these three lessons here is
That christ is on the throne and The kingdom is,
moving and that's that's, true regardless of your eschatological, position
(32:40):
is that the victory is ours in the, end and
we believe that The kingdom Of christ is the victorious
rock that smashes all the others if you reference back
to that vision And daniel. Two SO i hope that
our listeners could be encouraged by. It but next week
we'll be Starting daniel. Eight so you can join us
good just go the resources. Tab you can find the
call in number right. There anyone can.
Speaker 2 (32:58):
Join and another reason to be a partner is that
you get to watch the replace if you're a. Partner all, right,
folks we got THE ag report coming. Up we're going
to hear From Craig. Hawgrit we'll take a short break
and then on the other side of that we'll be
back with more fun each.
Speaker 6 (33:11):
Way this Is.
Speaker 8 (33:12):
Craig howguard with your financial? ISSUES ag update For august,
Fifteenth well corn had another strong week of new crop corn, exports.
SALES us corn out of The gulf continues to hold
at least a sixty cent per bushel advantage Over, brazil
and when it comes to solving THE us supply, situation
they'll be brought about by one hundred and eighty eight bushel.
Yield it's going to be on the back of exports
more than feed or ethanol to get that job, done
(33:34):
and right now THE us is priced to. Export yesterday
saw A december corn unchanged at three ninety seven and
a quarter after affirming every day so far this week
and making new six week. Highs in the overnight. Trade
we saw a soybeans reverse direction and had Lower with
no new Crop chinese demand in THE us And brazil
continuing to Cover chinese bean, needs exporters are hesitant to
(33:54):
get long and have dropped their bids as a. Result
november beans were fifteen and three quarter cents, lower settling
at ten eighteen and a. Half we'd got off to
a good start with decent exports, sales but the boom
was quickly off the rows as a STRONG us dollar
and moisture in The australian forecast put pressure on. Wheat
Kansas city put in a new contract low for The september,
futures which isn't great for, farmers but the weaker futures
(34:16):
price does keep THE us competitive in the world. Market
sometimes the best cure for low prices is low, prices
so maybe we'll see that come to. Fruition in the wheat.
Market we Had Minneapolis september wheat and nickel lower at
five seventy. Two Kansas city was two and a half
cents lower at five oh four and a quarter In
chicago declined by three and three quarter, cents closing on
five oh three and a. Half cotton futures are back
(34:37):
to chopping. Sideways december futures end of the session five
points lower at sixty seven sixty. Eight we also saw
livestock futures Retreat october live catliler futures were two dollars
and sixty cents lower at two hundred and twenty six
dollars eighty two and a half cents per one hundred.
Away september feeder cattle dropped by five dollars and sixty,
cents closing a three hundred and forty one dollars two
(34:57):
and a half cents per one hundred And october leenhawk
futures were buck sixty five lowered eighty nine dollars twelve
and a half cents per one hundredweight. Costume no futures
unraveled On. Thursday the closing Mail september was fifty four
points lower at eighteen. Fourteen this has Been Craig howe
guard with your financial. Issues egg. Update we'll be right
back with more financial issues after.
Speaker 4 (35:18):
This the opinions and recommendations expressed on this program do
not necessarily represent the opinions of the station or any
of the program's. Sponsors, additionally all products or services offered
by the program sponsors may not be known by the.
Speaker 2 (35:40):
Program welcome back to financial.
Speaker 3 (35:45):
Issues thanks for sticking with.
Speaker 2 (35:46):
Us word on the home stretch the very last part
of the, show so we do have a. Caller cruise
is calling From texas and he's been waiting. Patiently so
we're going to get To cruise right. Now cruise your
live on financial.
Speaker 7 (36:02):
Issues Hello senna and say Hey.
Speaker 6 (36:05):
Cruise good to talk to you.
Speaker 7 (36:06):
Buddy oh, yeah it's great to hear you. Guys SO
i have a, question and it's in regards to crowdfunding
or buying stock and Some christian media. COMPANIES i know
sometimes it doesn't quite give a return as you know
other financial tools, do but you, know my mentality is
(36:32):
supporting them to help, show provide, media, cartoons shows movies
that reflect Christ so what is your opinion on some of?
Speaker 2 (36:45):
That so my opinion on that, is as far as investing,
goes you, KNOW i want neutral companies that are going
to operate in excellence and return the best value that
they can to. Shareholders so as an investment maybe, not
but as a ministry if that's on your, HEART i
know there ARE i can think of some, programs some
(37:08):
series that are crowd. FUNDED i think that would be
a good, thing And i've actually done some of that
on my. Own not as an investment, though but just
as a ministry, activity because you, KNOW i believe that
the work that they're doing is causing more people to
hear The, gospel to come face to face With jesus
(37:30):
in certain, circumstances and may really speak to speak to
people's spirits and lead them into The kingdom Of. God
SO i, MEAN i would say that that would be
more of a ministry kind of thing to, do as
far AS i don't know which specific if there's Any
christian media publicly traded companies that you're talking. About if there,
(37:50):
are of course we would have to evaluate them just
like we evaluate any other. Investment the first, screen of,
course is going to be whether or not they're biblically,
responsible and then we're going to move on to look
at them as a, company BECAUSE i.
Speaker 3 (38:05):
Mean here's the.
Speaker 2 (38:05):
Thing you, know so many times As christians we compartmentalize
different areas of our. Lives AND i don't think that
that's god intention at. All he Knows he's intimately involved
in every area of our, lives and SO i think
we should lean on him and choose to Honor him
in every let him into every area of our. Lives
SO i, Mean god created, everything So god created, business
(38:29):
and so when business follows the principles that are laid
out in, scripture whether they're doing it intentionally or. Not
there's certain laws in the, universe like the law of. Reciprocity,
reciprocity you, Know god says if you, reap you will,
sew and so that applies in the world is just
(38:50):
like the law of. Gravity you, know What god says is,
true and what he says that happens as a result
of what he says to do will.
Speaker 3 (38:59):
Happen so.
Speaker 2 (39:01):
You, know as far as investments, go we're going to
first make sure that they're clean or at least, neutral
and then we're going to buy the best companies that
have the best chance of returning shareholder value to. Us
SO i do see what you're talking about as a
potentially great thing to, do BUT i see it more
as an active ministry THAN i do as an act of.
Speaker 5 (39:24):
Investing, SHANNA i totally agree with, That. Cruz if you've
listened to our, show you've Heard shanna, say you, know
there are certain buckets of money that you. Have you're
investing money is different from your savings. Money AND i, Think,
shanna IF i can be so bold as to, say
this might be neither of. Those this might be your giving,
money it might be where you would fund this.
Speaker 6 (39:41):
From, YEAH i.
Speaker 3 (39:42):
Mean it depends on the.
Speaker 2 (39:43):
ORGANIZATION i don't know specifically that we're talking about any particular.
Speaker 6 (39:47):
One, sure.
Speaker 3 (39:50):
Thank you for that. Question that was. Great thanks for Calling.
Chraise we appreciate.
Speaker 6 (39:55):
It, Yeah, cruz, thanks, brother appreciate.
Speaker 3 (39:57):
You All, right that's.
Speaker 1 (39:59):
Great, now good.
Speaker 6 (40:00):
Good it's always good to hear.
Speaker 5 (40:03):
That you, know our listeners are trying to think of
ways to use their money that is, investing but beyond
investing as.
Speaker 6 (40:08):
WELL i think it's awesome it.
Speaker 2 (40:10):
Is you, know The bible speaks so much about, money
and that's because money is connected in some way to
most decisions that we. Make and when we really get
the mind Of christ about stewardship as it relates to,
finances BECAUSE i, mean let's, FACE i, mean you hear
(40:31):
that term all the. Time money makes the world go. Round,
well for some people it, does but for AND i
guess for all people it really. Does because money is
just the medium of. Exchange it's how we put gas
in our cars and a roof over our, head and you,
know by the things that we.
Speaker 3 (40:50):
Need that's the.
Speaker 2 (40:51):
Exchange so we get money in exchange usually for work
that we've, done for using Our god given abilities and
talents to do work that we get compensated. For and
then we exchange that money for the things that we
need and for some things that we.
Speaker 3 (41:08):
Want and so when we really.
Speaker 2 (41:11):
Get That god owns, everything we don't deserve. Anything even
the money that we earn is a result of the
use of our, gifts talents and abilities That god gave.
Us when we really get, that it flows into every
area of our, life into every decision that we. Make
(41:31):
so you, know sometimes people might, question you, know is
it really important to have this financial issues. MINISTRY i,
mean you, know isn't money? Evil, No money's not. Evil
it's the love of money is the root of all
kinds of. Evil but we have to deal with money
on an every, day day, in day out. Basis AND
(41:53):
i think it benefits the believer greatly to have instruction
and heulse on ways that they can do that first
and foremost Honors, god because you, know when we Honor,
god it's an act of. Worship and so you, know
we can Honor. God we can Worship god in the
way that we, invest in the way that we handle
(42:14):
our financial. Decisions and to, me that is a mission
worth fighting for and putting effort.
Speaker 6 (42:23):
Behind, Hey, mantion that's well.
Speaker 2 (42:26):
Said all, right no more, calls BUT i think we
can answer a few questions.
Speaker 6 (42:29):
We got time. For let's see. Here this Is.
Speaker 5 (42:32):
Maggie maggie actually had called In, shannis so this is
a call that we got on our voicemail. Machine but
she said, Basically i'm seventy seven years. Old i'm having
difficulty with addressing my. Beneficiaries SO i moved from one
state to another, state And i've found that with my,
ACCOUNTS i cannot change my beneficiaries without having their Social security.
Number And i've not changed, banks BUT i would like
(42:53):
to get that. DONE i feel very uncomfortable asking for
someone's Social security, number And i'm not particularly wanting to
identify That i'm having them as my. Beneficiary if you
can give me some assistance with, that i'd appreciate. It
my current beneficiaries are, predeceased AND i would like to
change those to some other people that are not necessarily,
family but might need some assistance for, CONTEXT i move
From ohio To.
Speaker 6 (43:13):
Alabama it's a good, Question. Shanna what would you have For.
Speaker 2 (43:15):
Maggie, yeah so it must have been quite a while
since you've had to update. Beneficiaries but AND i do
understand your concern having to ask people for their Social security.
Speaker 3 (43:25):
Numbers that is pretty sensitive.
Speaker 2 (43:26):
Information but it's my experience that you can't really name
a beneficiary anymore without having a Social security, Number AND
i would even encourage you to have it to make
sure that helps to identify a. Person so you, know
sometimes there's people with the same. Names if all you
have is a, name you, know whoever is providing service
(43:51):
on the account that you have when you go home
to be with the, lord that person is going to
have the responsibility of finding the right person and have
having that money transfer to the person that you actually
intended it. To so If i'm an, advisor IF i
only have my If i'm trying to fulfill this duty
to one of my, clients IF i only have a,
(44:11):
name and you, know what DO i? DO i google that?
NAME i, MEAN i don't have an, ADDRESS i don't
have any other. Information, well there's no guarantee that what
you wanted to, happen which was to pass certain assets
to certain, people will actually end up. Happening as far
as not wanting them to Know they don't have to
know the details of what you're. Doing you can just
(44:35):
you can let them know that you've decided to include
them as part of your. Estate you don't have to
tell them what it is or anything like, that but
it's just it's a necessary, thing and it's a good
thing to make sure that you've identified the right. Person
it's always a good idea to make sure that at
least somebody whoever's going to be handling the settling of
(44:58):
your estate no knows what your wishes, are knows what
your instructions, are knows where your legal documents can be,
found because that's really going to Ensure AND i would
even consider writing a letter to the person who is
going to be settling your, estate just to provide some,
guidance and also look at that as a ministry. Opportunity you,
(45:20):
know if we end up at the end of our
lives with more money than we needed to live our entire,
lives that means we have an inheritance to pass, on
and The bible says that that's a good, thing and
so we should use that opportunity to praise The lord and,
say look what The lord. Did he gave me more
THAN i, needed and NOW i have the blessing of
getting to pass that along to. You and so especially
(45:42):
if you have heirs that don't know The, lord that
is going to be a testimony to.
Speaker 5 (45:47):
Them that's, Great, shannon, boy we're coming to that time.
Speaker 6 (45:51):
Here i'd love to weeeze one more. IN i don't
think we have time, Though.
Speaker 3 (45:54):
YEAH i don't think so.
Speaker 2 (45:56):
Either, well, folks we hope that you are a. Partner
if you're, not WE i hope that you heard something
today that will make you become. One we are a
listener and partner supported, ministry and so the money that
you donate to us and the money that you use
to pay for your partnership helps to make sure that
the work that we're doing can. Continue so if you've
(46:17):
been blessed in any, way we just consider you to
become a, partner become a monthly soldier as a one
who gives money every, month or just make a. Donation
as The lord. Leads, well, folks we got to go.
Today we want to encourage you to come back next
week because time is getting.
Speaker 3 (46:34):
Short The master.
Speaker 2 (46:36):
Is coming back and he owns everything and he's going
to ask how we handled the. Time talent and treasure
that we were trusted to. Manage our goal is to
help you be found a good and faithful. Steward have
a wonderful day of worship On. Sunday come back next
week for more financial.
Speaker 1 (46:53):
Issues if we ever forget that we're one nation Under,
god then we will be a nation gone under
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