Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Welcome to Financial Issues, where we join the reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen man, as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:23):
Good morning, Welcome to Financial Issues.
Speaker 3 (00:25):
Thanks for tuning in today. We're so glad that you're here.
Our phone lines are open this morning. It is wrapid
fire Friday. Here at Financial Issues six ten three six
three eleven ten will get you first place in the
call Q today. Wanted to remind you that our petition
to Tesla will sunset at the end of the day today,
(00:47):
so mosey on over to Financial Issues dot org to
sign that petition and make your voice heard to Tesla.
Tell them that we just want them to do what
they do, to operate in excellence and to stay out
of the cold true war, so that we could have
the potential opportunity to invest in their company again. So
you can find that at Financial Issues dot org. We'll
(01:08):
also get to the latest economic information. We'll get you
in the know, and of course we're going to get
encouragement from the scriptures will be in Luke one today
so at Financial Issues, we help you to stay in
the know about the financial issues of the day. We
help you keep you abreast of what's happening in the economies,
in the market, and help you understand how that impacts
your own personal stewardship and financial issues. So I've got
(01:33):
a couple of takeaways today from this past week, which
is going to be ending August the twenty second of
twenty twenty five. The biggest takeaway is yet to be had.
Powell will speak today at the conclusion of their Jackson
Whole meeting to clarify where the FED stands and where
(01:53):
he thinks things are going in the future, in the future,
in the near future. As this is his potential or
most likely his last Jackson Hole meeting before his term expires,
this coming.
Speaker 4 (02:11):
God be praised.
Speaker 3 (02:15):
Preserving FED independence will likely be the big theme for
Powell because that is I guess the best thing that
he has to offer up for his legacy the minutes
of the Fed's last meeting. Though we don't know anything
yet out of Jackson Hole. The speech is set to
start right after our show ends here, so maybe you
(02:35):
can save some popcorn and watch that.
Speaker 4 (02:39):
I'm so glad that Powell decided to do it after
the show he was thinking, I can't conflict people for
financial issues, right.
Speaker 2 (02:45):
I'm sure that's what it.
Speaker 5 (02:48):
So.
Speaker 3 (02:48):
The minutes for the fed's last meeting that happened three
weeks ago was released this week.
Speaker 2 (02:53):
Here's what we learned.
Speaker 3 (02:54):
The FOMC meeting is diverging from their once pretty well
unif view of their dual mandate and how they approached
price stability, which is inflation, and full employment, which has
to do with the labor market, as they weigh in
on how rates and their balance sheet will move forward
in the near term. There has been talk this week
(03:17):
from FED members about a three percent neutral rate that
the FED should be pretty quickly heading towards, meaning that
they still think that two percent inflation is realistic, even
with all the money they've created out of thin air
that is circulating out there to compete for goods, services,
(03:39):
and investments public stocks, which universe has shrunk as the
supply of money has increased. Interesting note from the FED minutes.
They said this. Several participants noted concerns about elevated asset
valuation pressures a reason that they would not cut rates.
(04:03):
So I wonder if they have made the connection that
the decisions that they've made to put the money supply
on steroids to feed Congress's addiction to frivolous spending. I
wonder if they've considered how that's contributed to these quote
elevated asset valuations that we're currently experiencing. So, if that
(04:26):
two percent inflation target were actually to be achieved, which
is sort of questionable in my mind, we should see
rates drop by one hundred and twenty five to one
hundred and fifty basis points from where they are now.
If three percent is the target, and if we get
back to their two percent target, that would give us
(04:49):
a three percent neutral rate. Right now, we are told
that core PCEE and CPI the measures for inflation are
running between and annualized rate of two point seven to
three point one percent.
Speaker 2 (05:03):
So if you add one percent to.
Speaker 3 (05:05):
That, that implies that rates should be in the three
point seven to four point one percent rate, meaning that
we should have already seen at least twenty five to
thirty basis points worth of cuts on the low end
and up to fifty five basis points on the high end.
If PCEE is the most accurate measuring stick. We wrote
(05:30):
about that in our commentary this week we hope you
read it if you're a partner, and talked.
Speaker 2 (05:34):
About it a little bit on the show last week.
Speaker 3 (05:36):
But the case gets stronger when we see the Fed
acknowledging cracks in the labor market.
Speaker 2 (05:41):
They said this.
Speaker 3 (05:42):
A number of participants noted that softness and aggregate demand
and economic activity may translate into weaker labor market conditions,
as could a potential inability of some of the importers
to withstand higher tariffs. There it is again yet and
several others have taken their stand on the four to
(06:03):
four and a quarter rate. He'll don't forget monetary policy
changes have slow and variable lags in their impact on
the economy, So if Powell continues to earn his nickname
mister too late, then we'll see those results show up
(06:24):
in the economy in short order. Under what we learn
about housing This week, the National Association of Realtors reported
that existing home sales in the United States rose by
two percent from the previous month. That's the sharpest increase
since February and above market expectations. Despite the increase in sales,
(06:45):
housing inventory rose by point six percent from the previous
month to one point five to five million units, which
is equivalent to about four point six months of unsold inventory. Also,
medium prices of existing homes inched zero point two percent
higher from a year ago to four hundred and twenty
two thousand in some change. The chief economists of the
(07:07):
National Association of Realters said this the ever so slight
improvement in housing affordability is inching up. Sales wage growth
is now comfortably outpacing home price growth, and buyers have
more choices. Condominium sales increased in the South region, where
prices have been falling for the past year. A report
from realtor dot com revealed this week that only a
(07:30):
third of homes in the US are affordable to the
average American. According to their report, as of August, only
twenty eight percent of homes on the market are within
reach of the median income household. The maximum affordable home
price for average Americans is estimated to be two hundred
(07:52):
and ninety eight thousand, down nearly thirty thousand from twenty nineteen.
So if Americans income is growing, why would the price
of a home that they can afford go down? Realtor
dot Com chief economist gave this explanation. He said, as
incomes grow grow higher interest rates have eroded real world
(08:16):
purchasing power of the typical American household. A Harvard study
found that home buying is at its lowest level since
the mid nineteen nineties. So why do we care about
this financial issue. Well, this issue has a negative implication
for the formation of families. One thing that is crucial
(08:38):
to the formation of new families is home ownership. You're
going to get a wife and a kids, you got
to have somewhere to house them. So God intended for
the family to be the bedrock of society. It was
intended that that value development be instilled in the home,
(09:01):
not the school, by God fearing parents who taught their
children to know and love God and to adopt and
obey God's way for living. It was intended that we
should recognize that that God is the owner of all
things and therefore the source of all provision, not the government.
(09:21):
God intended that parents would teach their children diligently, not
that they can follow their own hearts and rock their
own truth. But there are standards of right and wrong,
and that they came from the mouth of God and
are found in the Bible, God intended that we should
teach them that they are fearfully and wonderfully made, that
their gender and their gifts, their talents, and abilities aren't
(09:43):
something subject to their own free will, but that they
were intimately and intentionally designed by a loving God. For
a purpose. Were to teach them that life is precious
and should be defended from conception, or to teach them
that they are to work diligently for their bread, for
their daily bread. That they are to use their gifts, talent,
(10:06):
and abilities given to them so that they can earn
an income to pay for the things that they consume,
rather than teaching them how to manipulate a system that
takes from those who do work to support those who
are capable of work, but won't. Those are the things
that God intended to lead this nation into prosperity.
Speaker 2 (10:28):
Oh, how we've strayed from them. I've got more to come.
Speaker 3 (10:31):
I'm going to give you an update on the markets
and what to look for next week, so stay tuned.
We're going to take a break, but we'll be back
right after that.
Speaker 6 (11:01):
Security is offered through Ga Repel and Company, a registered
broker dealer and investment Advisor member finra An 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
(11:24):
work with to make sure it's applicable to your financial plan.
Speaker 2 (11:32):
Welcome back to financial issues.
Speaker 3 (11:33):
The phone lines are open six ten three six three
eleven ten. We'll get your first place still in the call, Q.
If you're a partner. We had a partner conference called yesterday, Seth.
I'm unsure as to whether or not we've been able
to get the conference call posted yet or not.
Speaker 2 (11:51):
Do you know.
Speaker 4 (11:52):
I'm going to take a look right now, Shannon. I'll
jump in once I can find it here. Give me
one second.
Speaker 2 (11:57):
Sounds good.
Speaker 3 (11:57):
If it's not already up, it will be up shore,
So if you missed it, you can tune in there. Well,
let me continue on as far as it goes with
the markets. The markets since last Friday have had a
little bit of a pullback at something that we've been
talking about in our commentary to partners for the last
couple of weeks, didn't realize how quickly it would come
(12:21):
to fruition. I thought maybe there was a little bit
more time. But so far this week, since last Friday,
the Dow is down about half a percent, the S
and P five hundred is down about one in a
third percent, and the Nasdaq's down right at two and
a half percent. The Nasdaq has suffered the most, of course,
because the Nasdaq is made up of very tech is
(12:43):
very tech heavy, and what we're seeing in the markets
right now is sort of a rotation from what was
concentrated really in the mag seven. You know, for the
last couple of years, we've had exceptional performance in the market,
but that was very narrowly driven by the Magnificent seven
stocks and this whole AI trend that we've that I
(13:06):
believe that we're just at the beginning of. So we've
also we've seen over the last week or so a
rotation from those Magnificent seven stocks what economists or what
market experts call a broadening out. So people are realizing
that there's more to the world than just the Magnificent seven,
and that there are that there are other companies out
(13:29):
there that are good to invest in. So we're seeing
this rotation sort of from the MAG seven to small
cap value, So that is sort of what's happening there.
The pre markets this morning are indicating an open in
positive territory from about a NASDAC just about fifteen basis
points positive, the S and P a fifth of a
(13:54):
point positive, and the Dow a third of a point.
So I don't expect real moves out of the market
until FED chair Pal gives his speech from Jackson Hole.
That is set, as I mentioned, to start right after
our show. So what is coming next week, Well, we'll
(14:14):
get reads on durable goods. That's going to show us
which direction conditions are moving with business investment and with
housing conditions, because durable goods are goods that have a
lifespan of three or more years. So you're thinking for
businesses capital investments, you're thinking airplanes and transportation and all
(14:37):
kinds of things like that. As far as the household goes,
you know, you're thinking about those things. I'm building a
new house right now, so I'm thinking about washers and
dryers and dishwashers and appliances and all.
Speaker 2 (14:48):
Of those kind of things.
Speaker 3 (14:50):
We'll also get a new fresh read, well sort of fresh.
We'll get the PCEE Read that comes out next week,
and we'll also get data on personal income and spending
and how the consumer in this consumer driven economy is
holding up. Focus for me really is on that lower
(15:11):
end consumer. And I talked about this a little bit
in the conference called yesterday, well more than I'll talk
about it today.
Speaker 2 (15:17):
I talked about it in the conference called yesterday.
Speaker 3 (15:20):
But McDonald's latest moved to double down on their value
meal promotions is accelerating. McDonald's is even willing to subsidize
franchisease who lose money by adopting this new price menu
that they're pushing. And this tells me that we have
reached the point of consumer resistance. The cure for higher
(15:44):
prices sometimes is higher prices, because you get to the
point where the consumer says enough is enough. I'm going
to change my buying habits. I'm going to do something different.
I'm gonna not go to McDonald's anymore. If I have
to spend eighteen dollars dollars in the drive through, it's
just kind of ridiculous When I could go to a
(16:04):
sit down restaurant and pay something similar. On the other hand,
we saw a report out from this week from Toll Brothers,
which is a homebuilder, and they're a homebuilder that caters
to the to buyers of a million dollar plus homes,
where incidentally, about twenty five percent of their customers pay
in cash. And they said this and their press release
(16:28):
ahead of their earnings conference call. While affordability pressures and
uncertain economic conditions persist, we are pleased with the resilience
of our luxury business and more affluent customer base. In
this environment, we continue to focus on strategically balancing price
(16:49):
and pace in order to maximize profitability in returns. So
it seems like the upper end of the income spectrum
is still holding up pretty well well, while we're hearing
things from McDonald's and even Walmart who reported this week
out as their most recent quarterly earnings as well that
(17:10):
the lower end consumer is under significant pressure. Now that
you're in the know about the recent and the upcoming
financial issues, we hope that you'll learn more about how
we can help you integrate those issues into your own
stewardship decisions. At financial issues, we equip you with the
tools to defund darkness to honor God in the way
(17:30):
that you invest to clean up your portfolio. We call
that biblically responsible investing, and we give you the tools
to We give you the encouragement to continue to fund
the light to be a joyful, generous and obedient giver.
You haven't already, I encourage you to become a partner.
You'll get access to our asset allocation models, our weekly
by list, and a myriad of videos and support to
(17:53):
help you become your own portfolio manager and use your
activities in investing as an act of worship to show
the Lord that you acknowledge that it's all his and
you just want to be the best steward that you
can be.
Speaker 4 (18:09):
Hey, Shanna, real quick, you want to let you know
conference calls not up yet. Working on getting a posted
right now, so we'll get that up there soon.
Speaker 2 (18:14):
Sounds great. I'm sure.
Speaker 3 (18:16):
I'm sure it'll end up up there by the end
of the day to day. So you're a partner, you
can check that out. And if you're not a partner yet,
you can become one and you can find out what
happened yesterday. So Cracker Barrel is the latest company to
genuflect to the pressure of the woke left. So just
(18:39):
this week they unveiled a new logo. Cracker Barrel launched
It's All the More campaign, which introduced a text only
logo inside a gold brown hexagon, dropping the iconic image
of a man leaning on a barrel that had been
used since nineteen seventy seven. Their website says this this year,
(19:01):
we even unveiled a brand new logo. Rather than just
showing one person, we wanted to feature lots of people.
The idea was to celebrate the diversity of all of
our guests with a logo that represented our continued passion
for pleasing people of all races, colors, and gender. That's
what the company said on their website. So they also
(19:23):
spent seven hundred million dollars modernizing their interiors, and they
changed their message. The CEO says that they want to
honor their legacy while bringing fresh energy, thoughtful craftsmanship, and
heartfelt hospitalities. Now they're getting a good bit of pushback
on this. Some commentators are saying they view the change
(19:44):
as a deliberate move away from culture specificity. An old
white man in a rocking chair and the barrel imagery
towards a safe identity, neutral brand image. So Cracker Barrel
seems to want to separate itself from the brand image
that it was built on. It no longer wants to
be considered too rural, too traditional, are too tied to
(20:08):
one demographic. They want to erase the rustic traditional man
and barrel imagery, and that is being interpreted by many
as woke. Part of their woke agenda involves sanitizing and
modernizing history to avoid offending anyone, ironically, following in the
(20:29):
futsteps of bud Light, upsetting their core customer base, Cracker
Barrel share Cracker Barrel shares have lost about thirteen percent
on Thursday, and that's added to the stocks five day
twenty percent losing streak. Now, if you're a partner, you
know at one time we had Cracker Barrel on our list.
(20:49):
We sent out a cell alert last June for Cracker Barrel.
So at this point we don't think that any of
our partners own Cracker Barrel and it's been off of
our list for a while. You know, that is some
of the activity that you can expect when you become
a partner of financial issues, all Right, we don't.
Speaker 2 (21:08):
Have any calls.
Speaker 3 (21:09):
Let's close out this part with our this part of
the show with our stewardship verse of the day from
Luke one Pine, the Mighty One has done great things
for me. Holy is his name. In this passage we
hear Mary praising the Lord for granting her the privilege
of getting to be the human vessel through which the
entire world would be saved and blessed. God could have
(21:32):
chosen any means he wanted to to deliver his people.
He could have sent Jesus down in the same way
that he went up to Heaven at the end of
his ministry on Earth. But he chose to intimately partner
with a human being, not just any human being, but
a teenage girl for that matter. What an honor and
a privilege that Mary had. Folks, you and I get
(21:55):
that same privilege to partner with the King of the
univers as he carries out his work in the earth.
Once we decide to trust that Jesus's death, burial, and
resurrection has saved us from our sins, we get to
embark in this journey of completing God's work in the earth.
(22:15):
This is the very essence of stewardship. God did not
belong to Mary. Mary was carefully and lovingly created by Him.
Mary stewarded very well the gift that she was chosen
to manage in this earth, and that was the Baby Jesus.
As I say all the time on this show, stewardship
(22:37):
is never just about money. It's about committing to use
every resource human, material, spiritual and financial resources, all of
the resources that we have under our control and influence,
to partner with the Lord in his work on the earth.
May we be found faithful and joyful in that process.
Speaker 2 (23:00):
What do you think?
Speaker 4 (23:01):
So this is great? Shanna, I, being a man, have
never carried anyone inside of me. You can relate to
this little easier than I can, Shanna. But how profound
it must have been for Mary to carry and raise
her maker. I was thinking about this as we talked
about it.
Speaker 5 (23:12):
Shanna.
Speaker 4 (23:13):
You know, Mary carried the Lord Jesus Christ inside of her.
But because of what the Lord Jesus did for her
and for everyone who trusts in Him, we are now
in Christ. We are safe and protected in Christ. It
really is amazing, and we can steward every good and
perfect gift, especially the most perfect gift, the gospel Hope.
Speaker 3 (23:28):
We'll do that, and we now, as temples of the
Living God, carry that same spirit in us. Stick around, folks,
We've got more to come. If you're listening on a
station or outlet that only carries the thirty minute version
of the show, we wish you a farewell and a
great weekend for the rest of you.
Speaker 2 (23:45):
Stick around. We'll be right back.
Speaker 7 (23:54):
So I was just getting on my feet and I
met someone.
Speaker 2 (24:07):
Welcome back to punning into issues. Thanks for sticking around.
Speaker 3 (24:10):
Our phone lines are open if you want first place
in the call queue. Six' ten three six' three eleven
ten is the phone number that you. Can call you'll
be the first one in the call queue while we're
waiting for you. To call how about we get to
some of the questions that have. Come in, WE answered
i think we answered, like night.
Speaker 2 (24:29):
A lot of questions on.
Speaker 4 (24:31):
The part that was a great question to, Day. Yesterday shannony,
so yeah once once the conference, calls posted everybody needs
to go listen. To it not only for your info in,
the beginning but if you asked, a question chances are
you got it. Answered yesterday. That's good let's Start with.
Rich here shannon rich is fifty nine and he's asking a.
Good question, he says if the annual dividend is the
actual dollar paid, by share why do we need to
care about? Dividend YIELD am i thinking correctly for people
(24:54):
who need? Just income and he's.
Speaker 3 (24:55):
Fifty, nine yeah so you're thinking right if you want.
The end but the reason that you pay attention to
yield is because stocks all have. Different prices so let's
assume that you have you're comparing two companies and they
both pay a one. Dollar, dividend well let's say that
the share price of one of the companies that pays
(25:16):
a dollar divid in is one. Hundred, dollars well then
you're yield is. One percent but let's say that you're
comparing that to another company who pays a one dollar
divid in but the share price is, Two, hundred well
then you're yield is only half of a basis point
zero point. Five percent so the yield is much more
(25:36):
important than the dollar value of, The dividend so that
the yield is what helps you to put all things
on a level playing field so that you can determine
because different companies have stock prices that are all over,
The charts so the yield is the thing that you
want to look for that's going to get you the
most income for.
Speaker 2 (25:57):
Your, Investment, great chan it's.
Speaker 4 (25:59):
Good stuff david is. Up next david is asking a
question about the conference. Call yesterday, he said on the,
conference call you answered a question from a partner that
had inherited A. Roth IRA unless i, misheard it sounded
like you told him he would have to pay taxes
when he withdrew moneies during the ten year wind. Down
window but my understanding is no taxes are due during
any of the ten. Year period could you please enlighten me.
(26:21):
On this david's.
Speaker 3 (26:21):
Seventy, Three, Yeah david i'd be happy. To, so no
you did hear. Me correctly so whenever you participate in
a pre tax savings vehicle LIKE an ira or a
four OH, one k you get your tax break at,
the beginning so you don't pay taxes on the money
that goes into. The account you're actually, just DEFERRING or
(26:43):
i prefer the word postponing taxes until some point in
the future when you take. It out so what has
happened is that whoever you INHERITED the ira from has
never paid taxes on any of the money that was
contributed to that account or any of the growth that
that account has accumulated over the time that they. Had
(27:05):
it so when, It passes I'M assuming i know it
came from a non spouse because you're telling me you
have a ten year window to get that. Money out
so what that means is that you have ten years
to get the money out and pay. The taxes the
only way really to get money out OF that ira
account is to is to use it to do. Your
(27:28):
giving since you're seventy three years old in the question,
you write because you're over seventy and a half, years
old you have the option to do what's called a qualified.
Charitable distribution so you can take a distribution directly FROM
the ira to a, nonprofit organization including this one of,
(27:51):
your choice and as long as it goes directly to
the organization and you report that correctly on your, tax
return you're going to get that money out at zero. Percent,
taxes otherwise when you take a distribution FROM, the ira
you're going to get a ten ninety nine at the
end of the or at the beginning of the, next
(28:13):
year and you're going to that income is going to
be reported on your tax return as. Taxable, Income, awesome shanna.
Speaker 4 (28:21):
Very good michael is. Up next michael wants some clarifiers
on a question that he asked Back. In july so,
HE said i was about three years from being eligible.
To Retire but i'm fifty six years Old and i'm
not planning to. RETIRE yet i have a SELF, directed
Ira and i'm wondering if that is a good way
to ROLL, my tsp which has about three hundred thousand
and into. For investing if it were, your money how
(28:43):
much would you put towards real estate and how much
into the account for responsible investing in. The market that's his,
first question shann you want to address.
Speaker 3 (28:50):
That, one, Yeah okay so a SELF directed, ira account in,
my opinion is a good place to ROLL a tsp
over to so IN the tsp play AND a tsp
is just a government an employer sponsored plan. For retirement
it works much LIKE what i just described WITH. The
ira the money that goes into it doesn't. Have taxes
(29:12):
you don't pay taxes on the money that goes. Into
it it's pre tax money and it grows at a tax.
Postponed rate SO the, tsp plan because it's an employer
sponsored plan offers you as set menu of different funds
that you can, invest in most of which are not
do not meet our standards for biblically. Responsible investing so
(29:34):
rolling that over to a SELF directed ira gives you
the freedom that you would desire and being able to
choose the investments that you want to, invest in and
to be able to keep your money out of companies
that are funding dark agendas and that violate your values As.
A christian as far as if it were, my money
(29:58):
how much might out put towards real estate and how
much into an account for investing in. The MARKET so
i THINK if i remember the, call right he was
talking about using money to buy actual real estate like
rental properties or something. Like that so the one thing
that you got to remember is that whatever you take
out of, that account you're going to have to pay taxes,
(30:18):
on first and if you take a huge, chunk out
then it could throw you into a higher. Tax bracket
so if you're going to use any of that money
to try to purchase, real estate you want to try
to be smart about how you.
Speaker 2 (30:31):
Do it you want to consider your.
Speaker 3 (30:33):
Tax bracket if you can minimize tax bracket by taking
it out over two or. Three years maybe you want to,
do that and that's going to give you some time
to accumulate things to put towards that. Real estate the
other factor is to What percentage if you want to
do it just all in, the market there are we
have a good exposure to real estate. Investment trust that's
(30:57):
one way to get exposure to, real estate but to
do it through a publicly traded investment where you don't
have to actually become a. Landlord yourself, you know you
can own, office space you can own, shopping centers you
can use you can own big healthcare facilities without coming
up with the millions or millions of dollars or hundreds
(31:20):
of millions of dollars that you would need to actually
get into that kind. Of investment so that's one way
that you can. Get exposure but if you're talking about
the actually owning your own, RENTAL properties i would say
that depends a lot on what you're willing.
Speaker 2 (31:37):
To do are you comfortable being? A landlord do you
want to?
Speaker 3 (31:41):
Negotiate rents do you want to be responsible for collecting
rents every? Single month do you want to be responsible for?
Enforcing consequences if people don't pay. Their rent do you
want to be do you want to take on the
risk of fixing up properties if your tenants don't take
care of? Your properties can you carry? The property can
(32:03):
you afford to not have any income from that property
and still pay the taxes and insurance and upkeep on
that property if the person living in your house isn't
paying you. The rent so those are the things that
you really have to weigh out before you determine how
much you would would.
Speaker 2 (32:21):
Take OUT and i don't know where.
Speaker 3 (32:23):
YOU live i don't know if it, said that but
you know housing housing prices have risen sixty percent over
the last, Six years so for a three hundred thousand,
dollars ballance you may be looking at taking out quite
a bit of it just to get if you're looking
at getting a property without using any kind of. Borrowed money, all,
(32:44):
right folks we got more questions and we still have
room in the. Call queue so six' ten three six
three eleven ten is the phone. Number to call we've
got to go to. Our ag report we're going To
Hear from. Craig halgart first then we're going to take
a break and we'll be with. More financial issues six'
ten three six three eleven ten is, the number to.
(33:05):
Call so Stay tuned here comes craig and then.
Speaker 2 (33:09):
We'll be Right Back.
Speaker 8 (33:15):
This is craig holguard. WITH your financial Issues i update. For,
august twenty second corn at least from, a fresh news
perspective had, a, quiet day yesterday however as traders reacted
to the, pro farmer crop tour, strong weekly, exports sales
some shortcovering and. Spillover support from soybeans we saw prices
move higher. At the, closing ball In fact we had
december corn seven and, three quarter cents higher ending the
(33:37):
day at four dollars eleven and three. Quarter cents per
bushell the soybean, complex caught fire yesterday. Led by soybean
oil confidence seems to be growing that we're going to
see a decision on the backlog of small refiner. Exemption
requests this week the expectation is that decision is going
to be. Favorable for biofuel obligations in, A world of
exports china remains, absent from the market but sales are starting,
(33:59):
to show some life with new crop weekly export bean
sales coming in just shy of forty two. Million bushels last,
week for The day we had november beans twenty cents
higher at ten dollars. And fifty six cents we'd benefited
From rumors that the chinese were purchasing, soft red winter
weed the type that Traded Out. Of, the chicago Exchange
also news that russia ramped Up its attacks on ukraine
(34:19):
with a large aerial attack kept some risk. Premium In
the market minneapolis december week was a penny, Higher At
five ninety kansas city was two and three quarter cents higher,
at Five twenty six and chicago's a penny and a
half better at five twenty. Nine and three quarters common futures.
Just continued to Flatline yesterday saw the december futures ending
the session eighteen points lower as we settled out the
(34:40):
market at. Sixty seven forty two livestyle futures. Were all
slightly lower october live cattle were twelve and a half
cents lower as they ended the day at two hunred
and thirty four dollars seventy two and a half Cents
per one hundredway september feetter cattle dropped by seven and
a half cents to close out today at three hundred
and fifty eight dollars two and a. Half cents Per
Hundred it had october leenhak futures two and, a half
cents lower eighty nine dollars ninety two and a half.
(35:02):
Cents per ONE hundredweight class Three mal futures closed lord for.
The second consecutive session, at the Closing mail we had
september futures down thirty six points as the end of
the day. At eighteen thirty Nine This has been Craig
holleguard With Your. Financial issues egg update we'll be right
back with more. Financial issues after This.
Speaker 9 (35:27):
My Name.
Speaker 1 (35:27):
Is dave and hunsinger.
Speaker 6 (35:32):
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 Program Welcome.
Speaker 3 (35:49):
Back to financial issues we're at the home stretch Of
The program, rapid fire friday today and we, actually have
a caller so let's. Let's get to Him dan's calling
From ohio In Your. Live on, Financial.
Speaker 9 (36:01):
ISSUES good morning shanna i appreciate. YOU taking my call
i WAS a little bit i was a little bit
confused ON the self directed. Ira and real estate MY
understanding is maybe, i heard you wrong But you can NOW.
I'M talking about ira i know he WAS talking about.
(36:22):
A tsp OR something but if I, have A traditional
IRA can i can i move it TO a self
directed ira and purchase real estate WITHIN. THAT self directed
ira i don't mean take it, out to, purchase it
you know where you'd have to. Pay taxes on it
(36:44):
but if use the, self directed to purchase it'd be INSIDE,
the self directed ira and therefore there wouldn't be tax
consequences until.
Speaker 2 (36:52):
We.
Speaker 9 (36:52):
Took, MONEY out correct yeah i believe.
Speaker 3 (36:56):
That, is an option however it's sort of complicated because
there's a lot of rules that.
Speaker 2 (37:04):
You have to follow you have to do it.
Speaker 3 (37:05):
In a certain way you have to make sure that
the income that you receive from it goes. Back into
the account there's a lot of eyes to dot and
tease across to. Make sure that happens, and then you
know just any example that we're talking about with, THREE hundred,
thousand dollars i, mean in most markets you're probably only,
(37:28):
going to get one maybe two pieces of real estate with.
That amount of money so if that's, really all you
have you're. REALLY not that diversified i don't know if
that's a piece of a. Bigger Portfolio or not but
i'm not a fean of, the idea, of holding you
know trying to hold real estate or even even. Gold
(37:50):
for that matter that sort of the same concept that.
Makes it really hard sometimes the, custodial fees are higher
the record keeping fees.
Speaker 2 (37:58):
And things like that it's not PART of a. Strategy
i WOULD.
Speaker 9 (38:02):
Follow that's why i kind of. Kept OUT of it
but i didn't know overall whether there's a better. Tax advantage,
EITHER way you know i think you probably end up
paying the same amount of taxes either way. In THE
long run but i just was trying to see if
there was any advantage to the self directed owning real
(38:23):
ESTATE and self.
Speaker 3 (38:23):
Directed ira, or not so actually you may end up
paying less taxes if you take the MONEY out of the,
ira to purchase it if you do it in a
smart way where you're minding your tax bracket and trying,
to get, money out you know in a minimal tax.
Rate kind of way because the longer that you leave
(38:45):
assets that, are going to grow and we're assuming that
that real estate values will. Continue to go up so
as long as you're leaving that, inna tax deferred account
whatever you're, growing inside that account you're also growing your
tax bill or your. Tax liability with, it so you
know if you get the money out, to pay the
taxes then you have a different sort of tax situation with.
(39:06):
The asset going forward so you then you have some
tax advantages. On your tax return if, you have, real estate,
you know rental properties you can, you get some depreciation you,
get to, write off you know some of the things that.
Are associated with that whereas you that may not be
the case within the within the if you try to
DO IT.
Speaker 2 (39:24):
WITHIN the i r i JUST think it's.
Speaker 9 (39:27):
What, i was thinking yeah a.
Speaker 3 (39:28):
Lot simpler and straightforward and maybe better from a taxing
standpoint if you just take out the money that you
want to.
Speaker 9 (39:36):
Do, real estate with alrighty, thank you, So much.
Speaker 2 (39:40):
Great question, thanks for Calling Us.
Speaker 4 (39:41):
For calling dan shannon that. Was a great call it
was nice to hear kind of The jump. Off, of
michael's question, michael by the way did have. A follow
up question if you, want to get. Yes let's give it,
so his second question he mentions he's going to CONTINUE
giving you the TSPs, almost out Of debt besides the
house PLANS to. Max out tsp, giving at that point
he said he got A. LATE start in tsp i
didn't trust the. GOVERNMENT with my savings, I. Hear you
(40:02):
there michael his last question IS how often, when I
max out should i roll money into my self. Directed,
account For investing.
Speaker 3 (40:10):
Okay so i'm going to assume giving means the part
that he's investing IN the four one k and not
that he's doing qualified charitable distributions because.
Speaker 2 (40:19):
He's Only fifty six so i'm.
Speaker 3 (40:20):
Going to assume that he's talking about his EMPLOYER contribution
to his tsp plan if he's able to roll them
out to, a self directed account WHICH at his age
i would think. That he would be it's called. An
in service withdrawal and when you do, a rollover like
that it is my understanding that you can only do it.
Once every twelve months so that makes. That an easy
(40:44):
answer and as far as the part about not trusting the,
government with, MY savings you know i think. There's wisdom
in that but to maybe make you feel a little
BIT better about the tsp program or any program like
if a company offers YOU a four wing k or,
an employer sponsored plan the. Assets really become separate so
(41:06):
what happens is there's a custodian, that holds the, account
and the employer whether it's the government or whether, it's
a private employer is required to make to send the
money that you withhold from your check plus their match
at whatever interval they. Agreed to do, it usually it's
(41:26):
monthly so they know you take it out of your,
paycheck during the month they send your part plus their
part over, into that separate account and then it is
not at the, disposal of their use either whether they're
a private company or, whether they're the government that money becomes,
separate at that Point unlike, our social security.
Speaker 2 (41:49):
System which we see them dipping into. On a, Regular,
basis that's.
Speaker 4 (41:55):
Great jennef. That's awesome thank you vanessa's up next to your.
Sixty three, Years old she says i've been a partner,
for some time now but due, TO work in life
i don't always get to listen in or take part
in the. Daily or monthly calls currently INVESTED in a
traditional ira that is costing me about seven hundred to
eight hundred per. Month for management fees i'm one, year
AWAY from retiring and i would like TO know what
options i have to reduce the fees on my RETIREMENT
(42:17):
account or if i should look. Into purchasing an annuity
i'm sixty. THREE and a half i have six hundred THOUSAND.
DOLLARS in my ira i, like MY financial advisor but
i do think the monthly fees. Are just too high
could you point me?
Speaker 9 (42:28):
In?
Speaker 2 (42:28):
The right direction four so if, you don't like fees you.
Speaker 3 (42:33):
Will, hate an annuity yeah the fees internally on an
annuity are most likely going to be much higher than
what you're. PAYING your financial professional I don't know if
i don't know what kind of, Arrangement that you have
but the KIND of arrangement that i like is where,
you pay a fee but you have to understand. What
(42:54):
you're paying for so, IN my private practice i charge
a fee to based On the. Assets that i'm managing now,
that Includes portfolio management so i'm the one building and,
managing A client's portfolio and i do, that through individual securities.
Which have low cost they're also getting a financial plan,
(43:17):
out of the, deal so you know we have an
onboarding process where we, develop a financial plan and then
that plan is managed every year. Along WITH the assets
so i didn't have time to do the math to
see exactly, how MUCH you're paying but i would say,
anywhere from you know one to one, and a half
percent depending on what all your financial advisor. Is doing
(43:41):
for you if they're using, mutual funds and ETFs. That's
not necessarily bad it just means that they're. Not doing
the work they may be doing the, work for asset
allocation but they're not doing the research. On the individual
companies so if, THEY'RE not DOING that i would i
would suggest that they're charging you a lower fee because
there's also internal fees on those mutual funds and ETFs that.
(44:03):
They may be using the average operating expense for a
mutual fund is somewhere, North of one percent so if
you're just if you just, own a mutual fund you'll
never get to talk to the people that are putting
their hands on. Your money every day you'll never get
to ask them questions about your rollover or whatever other financial.
(44:23):
Plans that you have you'll just be paying that one
percent for money management without any. Benefit of any advice
so one percent for portfolio management plus financial planning, is
REALLY a deal and i think that people sometimes get
the wrong idea about how hard their financial advisor is
working based on the activity that. Happens in, their accounts
(44:46):
you know sometimes the best thing to do is to stick.
With what you got so it doesn't mean that your
financial advisor may not be. Paying attention to you it
may or may not mean that your financial advisor is paying,
attention to your, investments but you know they need to.
At least be monitored so, if they're doing that that
means that they're keeping up with. Trends in the market
(45:07):
they're doing research on individual stocks on. A business, day
basis i, Know every single day i'm keeping up with what's.
Speaker 2 (45:15):
Happening in the markets i'm.
Speaker 3 (45:17):
Researching different individual stocks it may not result in any,
transaction Every single day but i'm still doing the work
to make sure that to reinforce that what we have.
Is what is good and then there's that financial. Planning
component of it you get to ask them questions ABOUT
how much, should i take OUT how much do, i
(45:37):
need to, save and you know what about taxes and
what's the smart way to. Do this and that so
the option is to become, your own financial advisor so
you can open, a self directed account you can save
the money that you're paying on. All of those fees
you can follow our, strategy for portfolio management and then
you can put together. Your own financial plan you can
(45:58):
use the show sort of as a as a resource
to call in or write in and ask general. Questions
about financial, planning but you know when, you do it
yourself then you save the money that you're paying someone.
ELSE to do it i don't, CUT my own hair
i don't fix my own ac, when it goes out
because it would take me too long to develop the
(46:18):
skills and knowledge. Necessary To do that so i'm happy
to pay somebody. Else to do that it just depends
on you know what is, worth it to you and
happy to say that we offer a solution if you
decide to go. The, self, directed way well folks that's
the end. Of the program today we're so glad. That
(46:39):
you tuned in we hope, That you learned something we hope,
that you are encouraged, and most of all We hope
that the lord was glorified and honored in the way
that we the information that we. Shared with you today
if you want to Learn. More about Our Ministry go to.
Financial issues dot, Org i'm your. Host shannabert signing.
Speaker 5 (46:56):
Off if we ever forget that We're, one nation under
god then we will be A nation gone under thank.
Speaker 1 (47:19):
You for joining us THIS has been an fi
Welcome to Financial Issues, where we join the reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen man, as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:23):
Good morning, Welcome to Financial Issues.
Speaker 3 (00:25):
Thanks for tuning in today. We're so glad that you're here.
Our phone lines are open this morning. It is wrapid
fire Friday. Here at Financial Issues six ten three six
three eleven ten will get you first place in the
call Q today. Wanted to remind you that our petition
to Tesla will sunset at the end of the day today,
(00:47):
so mosey on over to Financial Issues dot org to
sign that petition and make your voice heard to Tesla.
Tell them that we just want them to do what
they do, to operate in excellence and to stay out
of the cold true war, so that we could have
the potential opportunity to invest in their company again. So
you can find that at Financial Issues dot org. We'll
(01:08):
also get to the latest economic information. We'll get you
in the know, and of course we're going to get
encouragement from the scriptures will be in Luke one today
so at Financial Issues, we help you to stay in
the know about the financial issues of the day. We
help you keep you abreast of what's happening in the economies,
in the market, and help you understand how that impacts
your own personal stewardship and financial issues. So I've got
(01:33):
a couple of takeaways today from this past week, which
is going to be ending August the twenty second of
twenty twenty five. The biggest takeaway is yet to be had.
Powell will speak today at the conclusion of their Jackson
Whole meeting to clarify where the FED stands and where
(01:53):
he thinks things are going in the future, in the future,
in the near future. As this is his potential or
most likely his last Jackson Hole meeting before his term expires,
this coming.
Speaker 4 (02:11):
God be praised.
Speaker 3 (02:15):
Preserving FED independence will likely be the big theme for
Powell because that is I guess the best thing that
he has to offer up for his legacy the minutes
of the Fed's last meeting. Though we don't know anything
yet out of Jackson Hole. The speech is set to
start right after our show ends here, so maybe you
(02:35):
can save some popcorn and watch that.
Speaker 4 (02:39):
I'm so glad that Powell decided to do it after
the show he was thinking, I can't conflict people for
financial issues, right.
Speaker 2 (02:45):
I'm sure that's what it.
Speaker 5 (02:48):
So.
Speaker 3 (02:48):
The minutes for the fed's last meeting that happened three
weeks ago was released this week.
Speaker 2 (02:53):
Here's what we learned.
Speaker 3 (02:54):
The FOMC meeting is diverging from their once pretty well
unif view of their dual mandate and how they approached
price stability, which is inflation, and full employment, which has
to do with the labor market, as they weigh in
on how rates and their balance sheet will move forward
in the near term. There has been talk this week
(03:17):
from FED members about a three percent neutral rate that
the FED should be pretty quickly heading towards, meaning that
they still think that two percent inflation is realistic, even
with all the money they've created out of thin air
that is circulating out there to compete for goods, services,
(03:39):
and investments public stocks, which universe has shrunk as the
supply of money has increased. Interesting note from the FED minutes.
They said this. Several participants noted concerns about elevated asset
valuation pressures a reason that they would not cut rates.
(04:03):
So I wonder if they have made the connection that
the decisions that they've made to put the money supply
on steroids to feed Congress's addiction to frivolous spending. I
wonder if they've considered how that's contributed to these quote
elevated asset valuations that we're currently experiencing. So, if that
(04:26):
two percent inflation target were actually to be achieved, which
is sort of questionable in my mind, we should see
rates drop by one hundred and twenty five to one
hundred and fifty basis points from where they are now.
If three percent is the target, and if we get
back to their two percent target, that would give us
(04:49):
a three percent neutral rate. Right now, we are told
that core PCEE and CPI the measures for inflation are
running between and annualized rate of two point seven to
three point one percent.
Speaker 2 (05:03):
So if you add one percent to.
Speaker 3 (05:05):
That, that implies that rates should be in the three
point seven to four point one percent rate, meaning that
we should have already seen at least twenty five to
thirty basis points worth of cuts on the low end
and up to fifty five basis points on the high end.
If PCEE is the most accurate measuring stick. We wrote
(05:30):
about that in our commentary this week we hope you
read it if you're a partner, and talked.
Speaker 2 (05:34):
About it a little bit on the show last week.
Speaker 3 (05:36):
But the case gets stronger when we see the Fed
acknowledging cracks in the labor market.
Speaker 2 (05:41):
They said this.
Speaker 3 (05:42):
A number of participants noted that softness and aggregate demand
and economic activity may translate into weaker labor market conditions,
as could a potential inability of some of the importers
to withstand higher tariffs. There it is again yet and
several others have taken their stand on the four to
(06:03):
four and a quarter rate. He'll don't forget monetary policy
changes have slow and variable lags in their impact on
the economy, So if Powell continues to earn his nickname
mister too late, then we'll see those results show up
(06:24):
in the economy in short order. Under what we learn
about housing This week, the National Association of Realtors reported
that existing home sales in the United States rose by
two percent from the previous month. That's the sharpest increase
since February and above market expectations. Despite the increase in sales,
(06:45):
housing inventory rose by point six percent from the previous
month to one point five to five million units, which
is equivalent to about four point six months of unsold inventory. Also,
medium prices of existing homes inched zero point two percent
higher from a year ago to four hundred and twenty
two thousand in some change. The chief economists of the
(07:07):
National Association of Realters said this the ever so slight
improvement in housing affordability is inching up. Sales wage growth
is now comfortably outpacing home price growth, and buyers have
more choices. Condominium sales increased in the South region, where
prices have been falling for the past year. A report
from realtor dot com revealed this week that only a
(07:30):
third of homes in the US are affordable to the
average American. According to their report, as of August, only
twenty eight percent of homes on the market are within
reach of the median income household. The maximum affordable home
price for average Americans is estimated to be two hundred
(07:52):
and ninety eight thousand, down nearly thirty thousand from twenty nineteen.
So if Americans income is growing, why would the price
of a home that they can afford go down? Realtor
dot Com chief economist gave this explanation. He said, as
incomes grow grow higher interest rates have eroded real world
(08:16):
purchasing power of the typical American household. A Harvard study
found that home buying is at its lowest level since
the mid nineteen nineties. So why do we care about
this financial issue. Well, this issue has a negative implication
for the formation of families. One thing that is crucial
(08:38):
to the formation of new families is home ownership. You're
going to get a wife and a kids, you got
to have somewhere to house them. So God intended for
the family to be the bedrock of society. It was
intended that that value development be instilled in the home,
(09:01):
not the school, by God fearing parents who taught their
children to know and love God and to adopt and
obey God's way for living. It was intended that we
should recognize that that God is the owner of all
things and therefore the source of all provision, not the government.
(09:21):
God intended that parents would teach their children diligently, not
that they can follow their own hearts and rock their
own truth. But there are standards of right and wrong,
and that they came from the mouth of God and
are found in the Bible, God intended that we should
teach them that they are fearfully and wonderfully made, that
their gender and their gifts, their talents, and abilities aren't
(09:43):
something subject to their own free will, but that they
were intimately and intentionally designed by a loving God. For
a purpose. Were to teach them that life is precious
and should be defended from conception, or to teach them
that they are to work diligently for their bread, for
their daily bread. That they are to use their gifts, talent,
(10:06):
and abilities given to them so that they can earn
an income to pay for the things that they consume,
rather than teaching them how to manipulate a system that
takes from those who do work to support those who
are capable of work, but won't. Those are the things
that God intended to lead this nation into prosperity.
Speaker 2 (10:28):
Oh, how we've strayed from them. I've got more to come.
Speaker 3 (10:31):
I'm going to give you an update on the markets
and what to look for next week, so stay tuned.
We're going to take a break, but we'll be back
right after that.
Speaker 6 (11:01):
Security is offered through Ga Repel and Company, a registered
broker dealer and investment Advisor member finra An 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
(11:24):
work with to make sure it's applicable to your financial plan.
Speaker 2 (11:32):
Welcome back to financial issues.
Speaker 3 (11:33):
The phone lines are open six ten three six three
eleven ten. We'll get your first place still in the call, Q.
If you're a partner. We had a partner conference called yesterday, Seth.
I'm unsure as to whether or not we've been able
to get the conference call posted yet or not.
Speaker 2 (11:51):
Do you know.
Speaker 4 (11:52):
I'm going to take a look right now, Shannon. I'll
jump in once I can find it here. Give me
one second.
Speaker 2 (11:57):
Sounds good.
Speaker 3 (11:57):
If it's not already up, it will be up shore,
So if you missed it, you can tune in there. Well,
let me continue on as far as it goes with
the markets. The markets since last Friday have had a
little bit of a pullback at something that we've been
talking about in our commentary to partners for the last
couple of weeks, didn't realize how quickly it would come
(12:21):
to fruition. I thought maybe there was a little bit
more time. But so far this week, since last Friday,
the Dow is down about half a percent, the S
and P five hundred is down about one in a
third percent, and the Nasdaq's down right at two and
a half percent. The Nasdaq has suffered the most, of course,
because the Nasdaq is made up of very tech is
(12:43):
very tech heavy, and what we're seeing in the markets
right now is sort of a rotation from what was
concentrated really in the mag seven. You know, for the
last couple of years, we've had exceptional performance in the market,
but that was very narrowly driven by the Magnificent seven
stocks and this whole AI trend that we've that I
(13:06):
believe that we're just at the beginning of. So we've
also we've seen over the last week or so a
rotation from those Magnificent seven stocks what economists or what
market experts call a broadening out. So people are realizing
that there's more to the world than just the Magnificent seven,
and that there are that there are other companies out
(13:29):
there that are good to invest in. So we're seeing
this rotation sort of from the MAG seven to small
cap value, So that is sort of what's happening there.
The pre markets this morning are indicating an open in
positive territory from about a NASDAC just about fifteen basis
points positive, the S and P a fifth of a
(13:54):
point positive, and the Dow a third of a point.
So I don't expect real moves out of the market
until FED chair Pal gives his speech from Jackson Hole.
That is set, as I mentioned, to start right after
our show. So what is coming next week, Well, we'll
(14:14):
get reads on durable goods. That's going to show us
which direction conditions are moving with business investment and with
housing conditions, because durable goods are goods that have a
lifespan of three or more years. So you're thinking for
businesses capital investments, you're thinking airplanes and transportation and all
(14:37):
kinds of things like that. As far as the household goes,
you know, you're thinking about those things. I'm building a
new house right now, so I'm thinking about washers and
dryers and dishwashers and appliances and all.
Speaker 2 (14:48):
Of those kind of things.
Speaker 3 (14:50):
We'll also get a new fresh read, well sort of fresh.
We'll get the PCEE Read that comes out next week,
and we'll also get data on personal income and spending
and how the consumer in this consumer driven economy is
holding up. Focus for me really is on that lower
(15:11):
end consumer. And I talked about this a little bit
in the conference called yesterday, well more than I'll talk
about it today.
Speaker 2 (15:17):
I talked about it in the conference called yesterday.
Speaker 3 (15:20):
But McDonald's latest moved to double down on their value
meal promotions is accelerating. McDonald's is even willing to subsidize
franchisease who lose money by adopting this new price menu
that they're pushing. And this tells me that we have
reached the point of consumer resistance. The cure for higher
(15:44):
prices sometimes is higher prices, because you get to the
point where the consumer says enough is enough. I'm going
to change my buying habits. I'm going to do something different.
I'm gonna not go to McDonald's anymore. If I have
to spend eighteen dollars dollars in the drive through, it's
just kind of ridiculous When I could go to a
(16:04):
sit down restaurant and pay something similar. On the other hand,
we saw a report out from this week from Toll Brothers,
which is a homebuilder, and they're a homebuilder that caters
to the to buyers of a million dollar plus homes,
where incidentally, about twenty five percent of their customers pay
in cash. And they said this and their press release
(16:28):
ahead of their earnings conference call. While affordability pressures and
uncertain economic conditions persist, we are pleased with the resilience
of our luxury business and more affluent customer base. In
this environment, we continue to focus on strategically balancing price
(16:49):
and pace in order to maximize profitability in returns. So
it seems like the upper end of the income spectrum
is still holding up pretty well well, while we're hearing
things from McDonald's and even Walmart who reported this week
out as their most recent quarterly earnings as well that
(17:10):
the lower end consumer is under significant pressure. Now that
you're in the know about the recent and the upcoming
financial issues, we hope that you'll learn more about how
we can help you integrate those issues into your own
stewardship decisions. At financial issues, we equip you with the
tools to defund darkness to honor God in the way
(17:30):
that you invest to clean up your portfolio. We call
that biblically responsible investing, and we give you the tools
to We give you the encouragement to continue to fund
the light to be a joyful, generous and obedient giver.
You haven't already, I encourage you to become a partner.
You'll get access to our asset allocation models, our weekly
by list, and a myriad of videos and support to
(17:53):
help you become your own portfolio manager and use your
activities in investing as an act of worship to show
the Lord that you acknowledge that it's all his and
you just want to be the best steward that you
can be.
Speaker 4 (18:09):
Hey, Shanna, real quick, you want to let you know
conference calls not up yet. Working on getting a posted
right now, so we'll get that up there soon.
Speaker 2 (18:14):
Sounds great. I'm sure.
Speaker 3 (18:16):
I'm sure it'll end up up there by the end
of the day to day. So you're a partner, you
can check that out. And if you're not a partner yet,
you can become one and you can find out what
happened yesterday. So Cracker Barrel is the latest company to
genuflect to the pressure of the woke left. So just
(18:39):
this week they unveiled a new logo. Cracker Barrel launched
It's All the More campaign, which introduced a text only
logo inside a gold brown hexagon, dropping the iconic image
of a man leaning on a barrel that had been
used since nineteen seventy seven. Their website says this this year,
(19:01):
we even unveiled a brand new logo. Rather than just
showing one person, we wanted to feature lots of people.
The idea was to celebrate the diversity of all of
our guests with a logo that represented our continued passion
for pleasing people of all races, colors, and gender. That's
what the company said on their website. So they also
(19:23):
spent seven hundred million dollars modernizing their interiors, and they
changed their message. The CEO says that they want to
honor their legacy while bringing fresh energy, thoughtful craftsmanship, and
heartfelt hospitalities. Now they're getting a good bit of pushback
on this. Some commentators are saying they view the change
(19:44):
as a deliberate move away from culture specificity. An old
white man in a rocking chair and the barrel imagery
towards a safe identity, neutral brand image. So Cracker Barrel
seems to want to separate itself from the brand image
that it was built on. It no longer wants to
be considered too rural, too traditional, are too tied to
(20:08):
one demographic. They want to erase the rustic traditional man
and barrel imagery, and that is being interpreted by many
as woke. Part of their woke agenda involves sanitizing and
modernizing history to avoid offending anyone, ironically, following in the
(20:29):
futsteps of bud Light, upsetting their core customer base, Cracker
Barrel share Cracker Barrel shares have lost about thirteen percent
on Thursday, and that's added to the stocks five day
twenty percent losing streak. Now, if you're a partner, you
know at one time we had Cracker Barrel on our list.
(20:49):
We sent out a cell alert last June for Cracker Barrel.
So at this point we don't think that any of
our partners own Cracker Barrel and it's been off of
our list for a while. You know, that is some
of the activity that you can expect when you become
a partner of financial issues, all Right, we don't.
Speaker 2 (21:08):
Have any calls.
Speaker 3 (21:09):
Let's close out this part with our this part of
the show with our stewardship verse of the day from
Luke one Pine, the Mighty One has done great things
for me. Holy is his name. In this passage we
hear Mary praising the Lord for granting her the privilege
of getting to be the human vessel through which the
entire world would be saved and blessed. God could have
(21:32):
chosen any means he wanted to to deliver his people.
He could have sent Jesus down in the same way
that he went up to Heaven at the end of
his ministry on Earth. But he chose to intimately partner
with a human being, not just any human being, but
a teenage girl for that matter. What an honor and
a privilege that Mary had. Folks, you and I get
(21:55):
that same privilege to partner with the King of the
univers as he carries out his work in the earth.
Once we decide to trust that Jesus's death, burial, and
resurrection has saved us from our sins, we get to
embark in this journey of completing God's work in the earth.
(22:15):
This is the very essence of stewardship. God did not
belong to Mary. Mary was carefully and lovingly created by Him.
Mary stewarded very well the gift that she was chosen
to manage in this earth, and that was the Baby Jesus.
As I say all the time on this show, stewardship
(22:37):
is never just about money. It's about committing to use
every resource human, material, spiritual and financial resources, all of
the resources that we have under our control and influence,
to partner with the Lord in his work on the earth.
May we be found faithful and joyful in that process.
Speaker 2 (23:00):
What do you think?
Speaker 4 (23:01):
So this is great? Shanna, I, being a man, have
never carried anyone inside of me. You can relate to
this little easier than I can, Shanna. But how profound
it must have been for Mary to carry and raise
her maker. I was thinking about this as we talked
about it.
Speaker 5 (23:12):
Shanna.
Speaker 4 (23:13):
You know, Mary carried the Lord Jesus Christ inside of her.
But because of what the Lord Jesus did for her
and for everyone who trusts in Him, we are now
in Christ. We are safe and protected in Christ. It
really is amazing, and we can steward every good and
perfect gift, especially the most perfect gift, the gospel Hope.
Speaker 3 (23:28):
We'll do that, and we now, as temples of the
Living God, carry that same spirit in us. Stick around, folks,
We've got more to come. If you're listening on a
station or outlet that only carries the thirty minute version
of the show, we wish you a farewell and a
great weekend for the rest of you.
Speaker 2 (23:45):
Stick around. We'll be right back.
Speaker 7 (23:54):
So I was just getting on my feet and I
met someone.
Speaker 2 (24:07):
Welcome back to punning into issues. Thanks for sticking around.
Speaker 3 (24:10):
Our phone lines are open if you want first place
in the call queue. Six' ten three six' three eleven
ten is the phone number that you. Can call you'll
be the first one in the call queue while we're
waiting for you. To call how about we get to
some of the questions that have. Come in, WE answered
i think we answered, like night.
Speaker 2 (24:29):
A lot of questions on.
Speaker 4 (24:31):
The part that was a great question to, Day. Yesterday shannony,
so yeah once once the conference, calls posted everybody needs
to go listen. To it not only for your info in,
the beginning but if you asked, a question chances are
you got it. Answered yesterday. That's good let's Start with.
Rich here shannon rich is fifty nine and he's asking a.
Good question, he says if the annual dividend is the
actual dollar paid, by share why do we need to
care about? Dividend YIELD am i thinking correctly for people
(24:54):
who need? Just income and he's.
Speaker 3 (24:55):
Fifty, nine yeah so you're thinking right if you want.
The end but the reason that you pay attention to
yield is because stocks all have. Different prices so let's
assume that you have you're comparing two companies and they
both pay a one. Dollar, dividend well let's say that
the share price of one of the companies that pays
(25:16):
a dollar divid in is one. Hundred, dollars well then
you're yield is. One percent but let's say that you're
comparing that to another company who pays a one dollar
divid in but the share price is, Two, hundred well
then you're yield is only half of a basis point
zero point. Five percent so the yield is much more
(25:36):
important than the dollar value of, The dividend so that
the yield is what helps you to put all things
on a level playing field so that you can determine
because different companies have stock prices that are all over,
The charts so the yield is the thing that you
want to look for that's going to get you the
most income for.
Speaker 2 (25:57):
Your, Investment, great chan it's.
Speaker 4 (25:59):
Good stuff david is. Up next david is asking a
question about the conference. Call yesterday, he said on the,
conference call you answered a question from a partner that
had inherited A. Roth IRA unless i, misheard it sounded
like you told him he would have to pay taxes
when he withdrew moneies during the ten year wind. Down
window but my understanding is no taxes are due during
any of the ten. Year period could you please enlighten me.
(26:21):
On this david's.
Speaker 3 (26:21):
Seventy, Three, Yeah david i'd be happy. To, so no
you did hear. Me correctly so whenever you participate in
a pre tax savings vehicle LIKE an ira or a
four OH, one k you get your tax break at,
the beginning so you don't pay taxes on the money
that goes into. The account you're actually, just DEFERRING or
(26:43):
i prefer the word postponing taxes until some point in
the future when you take. It out so what has
happened is that whoever you INHERITED the ira from has
never paid taxes on any of the money that was
contributed to that account or any of the growth that
that account has accumulated over the time that they. Had
(27:05):
it so when, It passes I'M assuming i know it
came from a non spouse because you're telling me you
have a ten year window to get that. Money out
so what that means is that you have ten years
to get the money out and pay. The taxes the
only way really to get money out OF that ira
account is to is to use it to do. Your
(27:28):
giving since you're seventy three years old in the question,
you write because you're over seventy and a half, years
old you have the option to do what's called a qualified.
Charitable distribution so you can take a distribution directly FROM
the ira to a, nonprofit organization including this one of,
(27:51):
your choice and as long as it goes directly to
the organization and you report that correctly on your, tax
return you're going to get that money out at zero. Percent,
taxes otherwise when you take a distribution FROM, the ira
you're going to get a ten ninety nine at the
end of the or at the beginning of the, next
(28:13):
year and you're going to that income is going to
be reported on your tax return as. Taxable, Income, awesome shanna.
Speaker 4 (28:21):
Very good michael is. Up next michael wants some clarifiers
on a question that he asked Back. In july so,
HE said i was about three years from being eligible.
To Retire but i'm fifty six years Old and i'm
not planning to. RETIRE yet i have a SELF, directed
Ira and i'm wondering if that is a good way
to ROLL, my tsp which has about three hundred thousand
and into. For investing if it were, your money how
(28:43):
much would you put towards real estate and how much
into the account for responsible investing in. The market that's his,
first question shann you want to address.
Speaker 3 (28:50):
That, one, Yeah okay so a SELF directed, ira account in,
my opinion is a good place to ROLL a tsp
over to so IN the tsp play AND a tsp
is just a government an employer sponsored plan. For retirement
it works much LIKE what i just described WITH. The
ira the money that goes into it doesn't. Have taxes
(29:12):
you don't pay taxes on the money that goes. Into
it it's pre tax money and it grows at a tax.
Postponed rate SO the, tsp plan because it's an employer
sponsored plan offers you as set menu of different funds
that you can, invest in most of which are not
do not meet our standards for biblically. Responsible investing so
(29:34):
rolling that over to a SELF directed ira gives you
the freedom that you would desire and being able to
choose the investments that you want to, invest in and
to be able to keep your money out of companies
that are funding dark agendas and that violate your values As.
A christian as far as if it were, my money
(29:58):
how much might out put towards real estate and how
much into an account for investing in. The MARKET so
i THINK if i remember the, call right he was
talking about using money to buy actual real estate like
rental properties or something. Like that so the one thing
that you got to remember is that whatever you take
out of, that account you're going to have to pay taxes,
(30:18):
on first and if you take a huge, chunk out
then it could throw you into a higher. Tax bracket
so if you're going to use any of that money
to try to purchase, real estate you want to try
to be smart about how you.
Speaker 2 (30:31):
Do it you want to consider your.
Speaker 3 (30:33):
Tax bracket if you can minimize tax bracket by taking
it out over two or. Three years maybe you want to,
do that and that's going to give you some time
to accumulate things to put towards that. Real estate the
other factor is to What percentage if you want to
do it just all in, the market there are we
have a good exposure to real estate. Investment trust that's
(30:57):
one way to get exposure to, real estate but to
do it through a publicly traded investment where you don't
have to actually become a. Landlord yourself, you know you
can own, office space you can own, shopping centers you
can use you can own big healthcare facilities without coming
up with the millions or millions of dollars or hundreds
(31:20):
of millions of dollars that you would need to actually
get into that kind. Of investment so that's one way
that you can. Get exposure but if you're talking about
the actually owning your own, RENTAL properties i would say
that depends a lot on what you're willing.
Speaker 2 (31:37):
To do are you comfortable being? A landlord do you
want to?
Speaker 3 (31:41):
Negotiate rents do you want to be responsible for collecting
rents every? Single month do you want to be responsible for?
Enforcing consequences if people don't pay. Their rent do you
want to be do you want to take on the
risk of fixing up properties if your tenants don't take
care of? Your properties can you carry? The property can
(32:03):
you afford to not have any income from that property
and still pay the taxes and insurance and upkeep on
that property if the person living in your house isn't
paying you. The rent so those are the things that
you really have to weigh out before you determine how
much you would would.
Speaker 2 (32:21):
Take OUT and i don't know where.
Speaker 3 (32:23):
YOU live i don't know if it, said that but
you know housing housing prices have risen sixty percent over
the last, Six years so for a three hundred thousand,
dollars ballance you may be looking at taking out quite
a bit of it just to get if you're looking
at getting a property without using any kind of. Borrowed money, all,
(32:44):
right folks we got more questions and we still have
room in the. Call queue so six' ten three six
three eleven ten is the phone. Number to call we've
got to go to. Our ag report we're going To
Hear from. Craig halgart first then we're going to take
a break and we'll be with. More financial issues six'
ten three six three eleven ten is, the number to.
(33:05):
Call so Stay tuned here comes craig and then.
Speaker 2 (33:09):
We'll be Right Back.
Speaker 8 (33:15):
This is craig holguard. WITH your financial Issues i update. For,
august twenty second corn at least from, a fresh news
perspective had, a, quiet day yesterday however as traders reacted
to the, pro farmer crop tour, strong weekly, exports sales
some shortcovering and. Spillover support from soybeans we saw prices
move higher. At the, closing ball In fact we had
december corn seven and, three quarter cents higher ending the
(33:37):
day at four dollars eleven and three. Quarter cents per
bushell the soybean, complex caught fire yesterday. Led by soybean
oil confidence seems to be growing that we're going to
see a decision on the backlog of small refiner. Exemption
requests this week the expectation is that decision is going
to be. Favorable for biofuel obligations in, A world of
exports china remains, absent from the market but sales are starting,
(33:59):
to show some life with new crop weekly export bean
sales coming in just shy of forty two. Million bushels last,
week for The day we had november beans twenty cents
higher at ten dollars. And fifty six cents we'd benefited
From rumors that the chinese were purchasing, soft red winter
weed the type that Traded Out. Of, the chicago Exchange
also news that russia ramped Up its attacks on ukraine
(34:19):
with a large aerial attack kept some risk. Premium In
the market minneapolis december week was a penny, Higher At
five ninety kansas city was two and three quarter cents higher,
at Five twenty six and chicago's a penny and a
half better at five twenty. Nine and three quarters common futures.
Just continued to Flatline yesterday saw the december futures ending
the session eighteen points lower as we settled out the
(34:40):
market at. Sixty seven forty two livestyle futures. Were all
slightly lower october live cattle were twelve and a half
cents lower as they ended the day at two hunred
and thirty four dollars seventy two and a half Cents
per one hundredway september feetter cattle dropped by seven and
a half cents to close out today at three hundred
and fifty eight dollars two and a. Half cents Per
Hundred it had october leenhak futures two and, a half
cents lower eighty nine dollars ninety two and a half.
(35:02):
Cents per ONE hundredweight class Three mal futures closed lord for.
The second consecutive session, at the Closing mail we had
september futures down thirty six points as the end of
the day. At eighteen thirty Nine This has been Craig
holleguard With Your. Financial issues egg update we'll be right
back with more. Financial issues after This.
Speaker 9 (35:27):
My Name.
Speaker 1 (35:27):
Is dave and hunsinger.
Speaker 6 (35:32):
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 Program Welcome.
Speaker 3 (35:49):
Back to financial issues we're at the home stretch Of
The program, rapid fire friday today and we, actually have
a caller so let's. Let's get to Him dan's calling
From ohio In Your. Live on, Financial.
Speaker 9 (36:01):
ISSUES good morning shanna i appreciate. YOU taking my call
i WAS a little bit i was a little bit
confused ON the self directed. Ira and real estate MY
understanding is maybe, i heard you wrong But you can NOW.
I'M talking about ira i know he WAS talking about.
(36:22):
A tsp OR something but if I, have A traditional
IRA can i can i move it TO a self
directed ira and purchase real estate WITHIN. THAT self directed
ira i don't mean take it, out to, purchase it
you know where you'd have to. Pay taxes on it
(36:44):
but if use the, self directed to purchase it'd be INSIDE,
the self directed ira and therefore there wouldn't be tax
consequences until.
Speaker 2 (36:52):
We.
Speaker 9 (36:52):
Took, MONEY out correct yeah i believe.
Speaker 3 (36:56):
That, is an option however it's sort of complicated because
there's a lot of rules that.
Speaker 2 (37:04):
You have to follow you have to do it.
Speaker 3 (37:05):
In a certain way you have to make sure that
the income that you receive from it goes. Back into
the account there's a lot of eyes to dot and
tease across to. Make sure that happens, and then you
know just any example that we're talking about with, THREE hundred,
thousand dollars i, mean in most markets you're probably only,
(37:28):
going to get one maybe two pieces of real estate with.
That amount of money so if that's, really all you
have you're. REALLY not that diversified i don't know if
that's a piece of a. Bigger Portfolio or not but
i'm not a fean of, the idea, of holding you
know trying to hold real estate or even even. Gold
(37:50):
for that matter that sort of the same concept that.
Makes it really hard sometimes the, custodial fees are higher
the record keeping fees.
Speaker 2 (37:58):
And things like that it's not PART of a. Strategy
i WOULD.
Speaker 9 (38:02):
Follow that's why i kind of. Kept OUT of it
but i didn't know overall whether there's a better. Tax advantage,
EITHER way you know i think you probably end up
paying the same amount of taxes either way. In THE
long run but i just was trying to see if
there was any advantage to the self directed owning real
(38:23):
ESTATE and self.
Speaker 3 (38:23):
Directed ira, or not so actually you may end up
paying less taxes if you take the MONEY out of the,
ira to purchase it if you do it in a
smart way where you're minding your tax bracket and trying,
to get, money out you know in a minimal tax.
Rate kind of way because the longer that you leave
(38:45):
assets that, are going to grow and we're assuming that
that real estate values will. Continue to go up so
as long as you're leaving that, inna tax deferred account
whatever you're, growing inside that account you're also growing your
tax bill or your. Tax liability with, it so you
know if you get the money out, to pay the
taxes then you have a different sort of tax situation with.
(39:06):
The asset going forward so you then you have some
tax advantages. On your tax return if, you have, real estate,
you know rental properties you can, you get some depreciation you,
get to, write off you know some of the things that.
Are associated with that whereas you that may not be
the case within the within the if you try to
DO IT.
Speaker 2 (39:24):
WITHIN the i r i JUST think it's.
Speaker 9 (39:27):
What, i was thinking yeah a.
Speaker 3 (39:28):
Lot simpler and straightforward and maybe better from a taxing
standpoint if you just take out the money that you
want to.
Speaker 9 (39:36):
Do, real estate with alrighty, thank you, So much.
Speaker 2 (39:40):
Great question, thanks for Calling Us.
Speaker 4 (39:41):
For calling dan shannon that. Was a great call it
was nice to hear kind of The jump. Off, of
michael's question, michael by the way did have. A follow
up question if you, want to get. Yes let's give it,
so his second question he mentions he's going to CONTINUE
giving you the TSPs, almost out Of debt besides the
house PLANS to. Max out tsp, giving at that point
he said he got A. LATE start in tsp i
didn't trust the. GOVERNMENT with my savings, I. Hear you
(40:02):
there michael his last question IS how often, when I
max out should i roll money into my self. Directed,
account For investing.
Speaker 3 (40:10):
Okay so i'm going to assume giving means the part
that he's investing IN the four one k and not
that he's doing qualified charitable distributions because.
Speaker 2 (40:19):
He's Only fifty six so i'm.
Speaker 3 (40:20):
Going to assume that he's talking about his EMPLOYER contribution
to his tsp plan if he's able to roll them
out to, a self directed account WHICH at his age
i would think. That he would be it's called. An
in service withdrawal and when you do, a rollover like
that it is my understanding that you can only do it.
Once every twelve months so that makes. That an easy
(40:44):
answer and as far as the part about not trusting the,
government with, MY savings you know i think. There's wisdom
in that but to maybe make you feel a little
BIT better about the tsp program or any program like
if a company offers YOU a four wing k or,
an employer sponsored plan the. Assets really become separate so
(41:06):
what happens is there's a custodian, that holds the, account
and the employer whether it's the government or whether, it's
a private employer is required to make to send the
money that you withhold from your check plus their match
at whatever interval they. Agreed to do, it usually it's
(41:26):
monthly so they know you take it out of your,
paycheck during the month they send your part plus their
part over, into that separate account and then it is
not at the, disposal of their use either whether they're
a private company or, whether they're the government that money becomes,
separate at that Point unlike, our social security.
Speaker 2 (41:49):
System which we see them dipping into. On a, Regular,
basis that's.
Speaker 4 (41:55):
Great jennef. That's awesome thank you vanessa's up next to your.
Sixty three, Years old she says i've been a partner,
for some time now but due, TO work in life
i don't always get to listen in or take part
in the. Daily or monthly calls currently INVESTED in a
traditional ira that is costing me about seven hundred to
eight hundred per. Month for management fees i'm one, year
AWAY from retiring and i would like TO know what
options i have to reduce the fees on my RETIREMENT
(42:17):
account or if i should look. Into purchasing an annuity
i'm sixty. THREE and a half i have six hundred THOUSAND.
DOLLARS in my ira i, like MY financial advisor but
i do think the monthly fees. Are just too high
could you point me?
Speaker 9 (42:28):
In?
Speaker 2 (42:28):
The right direction four so if, you don't like fees you.
Speaker 3 (42:33):
Will, hate an annuity yeah the fees internally on an
annuity are most likely going to be much higher than
what you're. PAYING your financial professional I don't know if
i don't know what kind of, Arrangement that you have
but the KIND of arrangement that i like is where,
you pay a fee but you have to understand. What
(42:54):
you're paying for so, IN my private practice i charge
a fee to based On the. Assets that i'm managing now,
that Includes portfolio management so i'm the one building and,
managing A client's portfolio and i do, that through individual securities.
Which have low cost they're also getting a financial plan,
(43:17):
out of the, deal so you know we have an
onboarding process where we, develop a financial plan and then
that plan is managed every year. Along WITH the assets
so i didn't have time to do the math to
see exactly, how MUCH you're paying but i would say,
anywhere from you know one to one, and a half
percent depending on what all your financial advisor. Is doing
(43:41):
for you if they're using, mutual funds and ETFs. That's
not necessarily bad it just means that they're. Not doing
the work they may be doing the, work for asset
allocation but they're not doing the research. On the individual
companies so if, THEY'RE not DOING that i would i
would suggest that they're charging you a lower fee because
there's also internal fees on those mutual funds and ETFs that.
(44:03):
They may be using the average operating expense for a
mutual fund is somewhere, North of one percent so if
you're just if you just, own a mutual fund you'll
never get to talk to the people that are putting
their hands on. Your money every day you'll never get
to ask them questions about your rollover or whatever other financial.
(44:23):
Plans that you have you'll just be paying that one
percent for money management without any. Benefit of any advice
so one percent for portfolio management plus financial planning, is
REALLY a deal and i think that people sometimes get
the wrong idea about how hard their financial advisor is
working based on the activity that. Happens in, their accounts
(44:46):
you know sometimes the best thing to do is to stick.
With what you got so it doesn't mean that your
financial advisor may not be. Paying attention to you it
may or may not mean that your financial advisor is paying,
attention to your, investments but you know they need to.
At least be monitored so, if they're doing that that
means that they're keeping up with. Trends in the market
(45:07):
they're doing research on individual stocks on. A business, day
basis i, Know every single day i'm keeping up with what's.
Speaker 2 (45:15):
Happening in the markets i'm.
Speaker 3 (45:17):
Researching different individual stocks it may not result in any,
transaction Every single day but i'm still doing the work
to make sure that to reinforce that what we have.
Is what is good and then there's that financial. Planning
component of it you get to ask them questions ABOUT
how much, should i take OUT how much do, i
(45:37):
need to, save and you know what about taxes and
what's the smart way to. Do this and that so
the option is to become, your own financial advisor so
you can open, a self directed account you can save
the money that you're paying on. All of those fees
you can follow our, strategy for portfolio management and then
you can put together. Your own financial plan you can
(45:58):
use the show sort of as a as a resource
to call in or write in and ask general. Questions
about financial, planning but you know when, you do it
yourself then you save the money that you're paying someone.
ELSE to do it i don't, CUT my own hair
i don't fix my own ac, when it goes out
because it would take me too long to develop the
(46:18):
skills and knowledge. Necessary To do that so i'm happy
to pay somebody. Else to do that it just depends
on you know what is, worth it to you and
happy to say that we offer a solution if you
decide to go. The, self, directed way well folks that's
the end. Of the program today we're so glad. That
(46:39):
you tuned in we hope, That you learned something we hope,
that you are encouraged, and most of all We hope
that the lord was glorified and honored in the way
that we the information that we. Shared with you today
if you want to Learn. More about Our Ministry go to.
Financial issues dot, Org i'm your. Host shannabert signing.
Speaker 5 (46:56):
Off if we ever forget that We're, one nation under
god then we will be A nation gone under thank.
Speaker 1 (47:19):
You for joining us THIS has been an fi
Popular Podcasts
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com