December 20, 2025 • 39 mins
Chris Markowski discusses the current financial landscape, analyzing President Trump's recent speech and the promises made regarding economic recovery and inflation. He emphasizes the importance of accountability in leadership, fiscal responsibility, and the realities of wealth accumulation. The conversation also touches on the dangers of modern trading platforms and the need for sound financial advice.
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Episode Transcript
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Speaker 1 (00:07):
Well known authored, investment banker, consumer advocate, analyst trader Chris
Markowski is the watchdog Wall Street? Do you want to
answer exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.
Speaker 2 (00:28):
You can't handle the true.
Speaker 1 (00:29):
Proof bringing America the truth about what really happens in
the financial world.
Speaker 3 (00:35):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the Watchdog on Wall Streets.
Speaker 3 (00:43):
All right, Very Christmas, everyone, welcome to the Watchdog on
Wall Street Show. All right, very honored to be in
front of the microphone again. Another year. We're going to
be heading to our twenty sixth year. How about that
next year? You know, debating back and forth how to
(01:04):
go about handling this week's events, And you know, I
stayed up late. I did on Wednesday evening. I'm usually
I gotta get to bed early, I'm up very early,
but I stayed up and I watched the President's speech.
Took it all in, took it all in, and it
(01:26):
was actually pleasantly surprised. I was. I was pleasantly surprised
by his speech. And we're going to get into that
because you know what I'm calling it. I'm calling it
Donald Trump's Jingle all the Way speech. Now you're familiar
with Jingle all the Way to the movie. Love that
movie at first. I'm big Schwarzenegger fan and Jingle all
(01:49):
the Way basically if you haven't seen Phil Hartman in
it as well. There's just Dad played by Arnold Schwarzeneger,
and you learn early in the movie that he's a
good dad. He is he works really really hard for
his family, but he doesn't make good on the promises
(02:14):
that he gives to his kid. And you learn that
early in the movie. He's supposed to be on time.
His kid has a karate class, he's gonna get another belt,
and he misses it again, and you learn his son's
very disappointed. You do it all the time, you do
it all the time, You're never gonna be there, you
never show up. And I thought about that, and I
(02:37):
thought about Donald Trump and his speech because I was afraid.
I was afraid of this was gonna happen. Quite frankly,
all the promises that Donald Trump was making on the
campaign trail and all the promises that he's made over
the course of the year. And I'm pulling my hair
out with this stuff because again and I talk about it,
you hear me get angry here on the program and
(02:57):
insults my intelligence some of the things that he says.
I'm a big believer if you were in a position
of leadership, what about you? Okay, I'm gotta sorry this
for me. This is you know, this is it's a
deal breaker. Quite frankly, you make good on your promises.
I don't care if you're running a business, I don't
(03:17):
give it. The CEO of a company, I don't care
if you're a coach, a school teacher, a radio podcast host.
It doesn't make any difference. Most importantly, a dad, right,
if you tell your kids, I'm gonna put as a dad,
you tell your kids you're gonna be somewhere, You're gonna
(03:41):
be somewhere. I know things happen from time to time.
Oh my god, it's a car accident on the road,
whatever it may be. But you know what, you better
make it most of the time. You better come through
on the promises that you make. And what we've dealt
with with this president is promises, promises, promises and either
(04:05):
not deliver or on deeliver. And some of these promises,
as I said, I'm like greet my teeth. I'm cringing
when he says it. I said, that's not true. That's
not gonna happen. That's not accurate. And for someone like
myself and my longtime listeners recognize this, I work my
(04:28):
tail off to get it right, to get it right,
fact check myself. If I make a mistake on this program,
if I get a number wrong, I get a fact
or whatever it may be. You know, that's the first
thing that I address it right away. I made a
mistake there. I was wrong there. I apologize this guy. Unfortunately,
(04:53):
he's incapable of doing that. Now, why is this the
jingle all the way speech? Well, you're gonna have to
watch the movie. Nice holiday movie. I suggest watching it.
Imaginell eventually push comes to something, he goes above him
beyond and makes really good on a promise. I really
do feel about you watching watching that speech. Yeah, that
(05:18):
he seemed a little bit nervous about the future. He did.
He did, There's no doubt about it. The people on
the left saying he looks scared, well, yeah, his poem
numbers are scary at this point in time, they really are,
and started seeing this week. This is a good sign, okay,
a good sign that he's starting to maybe listen to
(05:41):
not be so damn stubborn, to pivot and listen to
what the American people are telling him for for months now. Affordability,
that's not true. It's a hoax. It's a hoax, and
it's biding Biden by the inn granted people in a
lot of Biden and rightfully saw and rightfully so. But
(06:03):
at some point in time you have to own it.
You come up and you say, this is the way
it was, this is what I took over. Okay, these
are the problems. You know. You maybe pull a little
Bill Clinton in there, like I feel your pain, and
this is what we're going to do to make it better.
(06:27):
And I am gonna be working my tail off to
make make that case. We're gonna do this, this, this, this,
and this, and be specific about the things you are
going to do. Another thing, Okay, he stayed on the teleprompter.
(06:49):
I don't remember, can anyway, I can't recall. I can't
recall a single time Donald Trump ever stayed on teleprompter
he can't help him. I mean, he likes it. He
takes himself up. He's not an entertainer out there. He
likes to come up there and and live and make
stuff up. And you know, he's a king exaggerator. I
(07:10):
caught a fish. This is big. He didn't do that.
He didn't do that. Now, was everything that he said
in that speech accurate? No?
Speaker 1 (07:23):
No?
Speaker 3 (07:24):
Did he inherit inflation? Yes? He did? Okay, wasn't historic?
Wasn't historic? We inherited it was pretty bad when Biden
was president. And it's come down. We'll talk about the
CPI number that came out on Thursday. You know, some
of the numbers he throws out there and can't make
drug prices go down by six hundred percent. Man, that's
(07:46):
mathematically impossible. Grocery prices really aren't coming down that much.
We know we have to deal with that. The other thing,
and at least he didn't say that he's pulling in
eighteen trillion dollars in terror. I mean, he's been saying
that for months now and again makes me want to
pull my hair out because it's just not true, and
(08:06):
you keep saying it. He said, we're pulling in eighteen
trillion dollars in investments, and that's not true either. We
don't know how much money is gonna come in. There's
no concrete number people have said, oh yeah, sure, yeah,
we're gonna make an investment there. There's nobody signed on
any dotted line. Whatever. Whatever the pivot I like, I do.
(08:31):
I am hoping, I am I'm hoping that he's gonna
change his ways. I'm hoping he's gonna stay away from
the camera for a little while. We do not need
to see you every day, Riffin. We don't need we
have no, we don't have to see you every day
putting out a hundred tweets. It's not necessary. You're too busy.
(08:59):
That's quite figure. I don't get it quite frankly. Now again,
I'm sure he has people helping him do this, But yeah,
I'm up every day. I'm up at three o'clock in
the morn. I don't have time to go sitting here
and communicate writing tweets over the course that day. I've
got work to do. You're president of the United States. Okay,
how many appearances you're gonna make? How many times are
(09:21):
you gonna get? Stay away? They got you in trouble
during COVID with the stupid four o'clock meetings every day.
I remember those god forsaken things for crying out loud. It's
gonna give me PTSD even thinking about it. We did
have this past week a decent I say decent, I
(09:42):
mean we're a better than expected inflation number. They were
expecting three point one percent, came in at two point
seven percent, and then the corps came in at two
point six percent. Good. Not great. Don't even say good.
(10:03):
I'm gonna say better your modus OPERENDI right now and again,
this should be great. You should come out and you
should tell the American people. I said, you know what,
inflation came down. It's at two point seven percent. I'm
not satisfied. I'm not satisfied. We are gonna work. We
are gonna work to get inflation to zero. Oh that's
(10:26):
not possible. It is, How is it possible? Well, all
we need to do is to be fiscally responsible. We
are gonna balance the budget. We're gonna look to pass
a balanced budget amendment. Ron De Santis is trying to
do that right now, Governor of State of Florida is
going around the country trying to get states to sign
on to a balanced budget amendment. This country becomes fiscally responsible,
(10:53):
becomes fiscally responsible, because that's what the goals should be.
We're always say, oh, yeah, the fence target is two percent.
Why do you ever think about that? Why is it
two percent? They just throw things out there. They say
two percent so they can continue to print money and
the government can live outside its means. Why we don't.
(11:15):
I don't want to live outside our means. I don't
like the fact that a dollar has lost fifty four
percent of its buying power over the past thirty years.
You can make that point to the American people and
you say, you know what, we're gonna look to do
something about that. Don't say nonsensical things like the terriff
revenue is gonna make the income tax go away. We're
(11:37):
gonna be pulling in so much money that's just dumb,
doesn't make any sense. Okay, only true believers are gonna
believe something so nonsensical, just not possible. He did a
good job in not and I was scared he was
gonna start throwing off some gimmicks and various different checks
(11:58):
and handing out money. Yeah, he did do the military
bonus is and quite frankly, I don't even know how
that is exactly is gonna work. You're gonna have to
run that through Congress, if I'm not mistaken. But it
wasn't about tariff checks going out the door and all
of these other things. So a vast improvement from what
we have seen over the past several months. He knows,
(12:21):
he knows. I mean, he sees the polls, He sees
the polls pull I mean for why it's fake news.
It's fake news. You're faked is No, it's not fake man. Okay,
your your economic approval numbers right now are one point
ahead of Joe Biden's numbers at his worst. That's where
you're at right now. And you haven't this again. This
(12:45):
is a great opportunity. Okay. Sometimes you need to be
backed in the corner. Okay, sometimes you need to be
backed in the corner to actually do the right thing
and get some things done. I'm gonna make some suggestions
on the program today. Throughout the program today, you can
you have a great opportunity, a great opportunity for the
next several months to completely flip the script. I do
(13:06):
think the Supreme Court is going to help out when
it comes to tariffs. I think they're gonna say, you
know what, Nah, you can't do this, but we'll let
you do a little bit of it, but not so much.
I think they're trying to come up with some sort
of middle ground when it comes to these things. I
really do. But even now, I mean, you pull tariffs
(13:26):
out of the mix, and then you could see prices
dropped to an even greater degree. A lot of good
things can happen. I get a lot of flak all
the time from you know, you know a lot of
people out there. I mean, they love the guy. They
love that. I don't you know, that's that's not my job.
I don't love politicians. I can't stand political parties. My
job is to be honest. And I'm an equal opportunity
(13:50):
basher here on the program. But last year, at this time,
country was fired up. The country was fired up, they
were excited. Donald Trump's highest poll numbers he ever received
was when he was working with Elon Musk and they
were looking to cut government waste and fraud, and they
(14:12):
threw him out of town. Things went straight down hill,
straight downhill. As soon as Liberation Day happened. These are
the facts, an opportunity to pivot, to do the things
that you said you were gonna do on the camp
(14:32):
paying trun Now again, people will be patient with you
if you're honest with them. It's okay. In the same way,
I'm a New York Giants football fan. Okay, Yeah, losing
patience with that team, that's for darn sure. They're gonna
have to bring in a new coach. What's the plan.
How are we gonna get back to being a halfway decent,
respectabl team. It's not gonna happen next year. I'm not
(14:54):
gonna be in a super Bowl next year. But let's
put us on the right path. We're not losing every
single year. You show people that we start adding up
some wins here, there and everywhere. And granted immigration keep
going on that, that's fantastic. But on the economy and
what it costs to live here in this country, don't
(15:16):
tell people. Don't tell people that they don't know what
they're talking about. The affordabilities to hoax get away from that.
I think they have so again, somewhat optimistic, Okay, I'm
not holding my breath by any stretch of the imagination,
but somewhat optimistic based upon what he said this past week. Anyway,
(15:37):
we're gonna get into all of that some ideas throughout
the program today and much much more owt our mind.
Everybody again, become a part of our family at Markowski Investments.
Get to our website, Watchdog on Wall Street dot com,
sign up for our personal CFO program, our podcast, our newsletter,
all sorts of great stuff watch Dog on wolf Street
(16:00):
dot com, or give us a call eight hundred four
seven one fifty. It's the most wonderful time.
Speaker 1 (16:22):
The only man who is taking on the Wall Street establishment.
Jere listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (16:30):
You would be a good seat. Everybody. All right, we want
to talk a little bit about becoming a part of
our family at Markowski Investments, and I really do. I
have to really applaud everyone everyone that works at our firm. Again.
(16:52):
You know, we were ranked one of the top firms
in the country, uh this past year. Everybody works on
my show, my podcast, everything that we do as we
continue to grow. I can't thank you enough. I really can't.
It's it's because of all of you that quite frankly,
(17:14):
you know, allows us, allows us to continue our mission,
and what is our mission here? You know? Some of
the I get questions some time and time as people
find it odd, especially in the business that I'm in
that gee, you man, you get a really opinionated on
your program there and once you gonna worried you're gonna
(17:35):
talking about politics and the world runs. How don't you
worry you're gonna upset clients and you're gonna lose clients. No, no,
if that was the case, if I were to if
if a client were to leave us because they didn't
like something truthful that I said on air, goodbye, We're
(17:57):
able to do business here at Marc House. There's no
other firm like ours that offers the services that we
do to everyone. Like I said, no velvet rope, no
bouncer at Markowski Investments. We help everyone out. Okay. However, however,
I don't deal with nasty people. I don't deal with
(18:21):
people that are gonna get outraged because I have an
opinion on something that's that's nonsensical. And I talk about
being an opportunity opportunity bachelor, right, Yeah, mean, people listen
to the program, they know that I'm you know, I'm
a leave in the constitution. I'm a conservative guy. I'm
a small government guy. You know how many far lefties
(18:45):
we have as clients, countless countless disagree with them on
a myriad of things, but it's old school. It's old school.
They want what's best for the country. I want what's
best for the country. Our vision on how to go
about getting there differs. But they're still my brothers. They're
(19:08):
still a part of my family. Do you understand that
I've been trying to get this across to people more
and more and more that the powers that be want
us at each other's throats. That makes that's that's good
for them, that's good for the people in power. You know.
The funny thing is they call they call it politics, right.
(19:29):
The word politics actually comes from the ancient Greek word polish,
meaning city or city state, and then it evolved to politicos,
which means, you know, concerning citizens of the state. Does
anybody think that the things that these people are doing
in DC, most of them have really much of any
(19:51):
concern about we the people. No, They're enriching themselves, and
the sooner we realize that, the better off we're going
to be, so again. Yeah, yeah, we don't have nasty clients.
We don't tolerate that. We don't tolerate that. Tell you, yeah,
we we've had some people people are like you you
(20:14):
got rid of that guy twenty million dollar account? Yeah,
it was a jerk. Why were we able to continue
to businessman? We don't deal with Jack's anyway. Become a
part of our family. Get to our website Watchdog on
Wallstreet dot com, sign up for our personal CFO program,
subscribe to our podcast All Sorts of Great Stuff Watchdog
(20:38):
on Wallstreet dot com, or give us a call eight
hundred four seven one fifty nine eight Walking around Christmas.
Speaker 1 (21:01):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (21:09):
Yeah another thing. Okay, you're not gonna see me going
on CNBC anytime soon. Giving my uh oh geez. My
price target for this stock is this for twenty twenty six? No.
Speaker 1 (21:25):
No.
Speaker 3 (21:26):
If I like the company, if I think it's a
great company, if I think it's gonna be a great
company five ten, twenty years down the road, and I
think it's priced properly, I don't care. Nor am I
going to put a target on these things people. I
actually got asked. I got asked, what my uh, what
I thought bitcoin would be in twenty twenty six. What
(21:50):
how do I put evaluation on here? I can't even
tell you that, for crying out loud. All the experts,
these are the experts, had it for twenty twenty five.
JP Morgan had at one hundred and seventy thousand, Tom
Lee hedded a two hundred and fifty thousand, black Rock
headed at seven hundred thousand. I can go on and
on and on. What good do those recommendations do you? Nothing?
(22:12):
They're no good, Okay. They want people to keep their
heads spinning. It's all content for TV. And we're getting
to that time of year again, that time of year again.
I actually pulled up the column I wrote back in
two thousand and six, Resolution Reality. It's that time of
(22:34):
year again.
Speaker 2 (22:36):
Time for the media to roll out their yearly boiler
plate pieces on how to improve your finances in twenty
twenty six, top stock picks for twenty.
Speaker 3 (22:46):
Twenty six, and financial resolutions every year. Every year, the
so called gurus out there take to the talk show
airwaves with their brilliant insight on how to oh they're
gonna get rich and how to make money in the
(23:07):
next year? What a crock? What a crock? What I
do here? Quite frankly, it's it's not you can't really
sell it. Okay, you can't sell it. Media can't put
it into a SoundBite. There is He'll let you know.
(23:29):
There's no zero reliable list of hot stocks or hot
funds or hot ETFs or hot coins or whatever. There's
no quick and easy way to turn oneself into they
want to say, make oneself wealthy. I've said it a
(23:51):
million times here on the program. Guess what. Here's a
million and one. Everything and anything in life that has meaning,
value or worth involves work, time, and effort. There's no
exceptions to that. None. You know What's one of the
top rules that we have compounding the Royal road to riches.
(24:14):
Albert Einstein stated that compound interest is the greatest convention
of mankind, since it quote allows for the reliable, systematic
accumulation of wealth. Ben Franklin called compounding the eighth wonder
of the world. Franklin actually proved this by willing forty
five hundred dollars of his money to be loaned at
(24:35):
interest for two hundred years at two hundred years a
total five million and was distributed to the city of Boston.
This was back in nineteen ninety three. Listen, Okay, the
bulk of stock market returns throughout history have been due
to the payment and reinvestment of dividends. So yes, you
(24:59):
got to own tech stocks and new technologies there, but
you also have to have foundational pieces as well. Another thing,
another thing that I say again and again and again,
you cannot let risk lead to ruin. Remember in the
movie Wall Street is Bud Fox and Gordon Gecko, and
(25:21):
Gordon Gecko warns Bud Fox, I like losses sport. Nothing
ruins my day more than losses. Now again, I know
that sounds fairly obvious, but you're out there and you
treat your portfolio like some sort of half donkey casino,
(25:41):
taking on all sorts of risk again, looking for shortcuts.
It's not going to turn out. Well, listen, everyone's gonna
come at you. Next great thing out there. This is
the hot thing people. Okay, if you put your portfolio
(26:02):
together properly, and again, you're not thinking of it so
much as financial planning. You talk about this all the time.
It's about financial preparation. It's about dollar cost averaging. It's
about putting money away on a consistent basis. It's about
rotating assets, taking profits off the table, rotating assets into
(26:25):
other areas of your portfolio that haven't performed as well
but are still solid companies. You do that again and
again and again. Man, you're gonna do well. You're gonna
do well and again. It's fundamentals. People in the same way.
And I always bring up I love sports. You work
(26:48):
on the fundamentals constantly. All you golfers out there. I'm
not a golfer. You get out there, you're working on
your put, you're working on your drive, you're playing basketball,
you're working on your free throws. Remember Larry Bird, how
many bloody layups he would take a day, the most
simple shot. He'd work on it incessantly. Because it's important.
You do the same thing, the same thing. I know
(27:12):
it's not exciting, I know it's not a mean coin,
but it works. And that's how you build generational wealth.
That's how we do it. Sorry, guys, no sexy stories,
no shortcuts, no magical computer programs. I don't have twenty
screens in front of me at my desk. I don't
(27:33):
need to because it's all nonsense, it's all noise, it's
all static. Everything we do works, and it's been done
by the best, no other way around it. Gotta take
a break. Watchdog on Wallstreet dot Com. Watchdog on Wallstreet
dot Com again. Become a partner of our family at
(27:54):
Markowski Investments. Sign up personal CFO program, our podcast, news letter,
all sorts of great stuff Watchdog on wall Street dot com,
or give us a call eight hundred four seven one
fifty nine eighty four.
Speaker 4 (28:10):
Choice all on the Little Ones Christmas Joye.
Speaker 1 (28:26):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (28:34):
And since we have none places to go, olk back everybody.
I have people, let's spry. I've been critical of a
lot of the four oh one K plans that people
are not. I think the idea is great. I think
you should take advantage of all your qualified plans. I
don't like how funds are sold, and these things, in
(28:57):
particular target date funds. They've always been problematic for me.
You know the fact that you sit down when you're young,
or you walk into a job and the HR people
got you there, and then you ask, like, you know,
five or six questions about your life, and then all
of a sudden, there it pops up what funds you
should have, and it's some ridiculous target date fund that's
(29:20):
you know, and sixty forty portfolio, sixty percent stocks, forty
percent bonds. It's a math fund, barely keeps up with
the market over the years, has high fees, but again
it keeps the four oh one k people out of
trouble and keeps them paid. That's nonsense to me. I
don't like it, not to mention the fact, I don't
think anybody anybody should say, hey, I'm twenty five years old,
(29:42):
I'm gonna retire at sixty two. Know what's gonna happen
to yourself in life? Again, this is why it's financial preparation,
not financial planning. You don't know what's gonna happen throughout
your life. It's the reality. Now they've become more problematic
with me because see what Wall Street is up to.
(30:03):
They right now are trying to uh make alternative investments
like private equity. They're trying to mainstream these things for everyone.
And once they all get on board, okay, once they
once they all get on board. What Wall Street is
able to do, what they've always been able to do,
(30:23):
is to make the lie become the truth. What do
I mean by that? They're gonna say that, you know,
you know, we feel right now proper portfolio management dictates
that people should have X amount of money in their
portfolios in alternative investments. It's coming, it's coming. That was
(30:46):
that that that song that was coming to take you away? Haha,
They're coming. Yeah, They're coming to rip you off. Haha.
They're all gonna do it. It's gonna become quote end
quote conventional with what we tell you about conventional wisdom.
Conventional wisdom is poison. And they're gonna start sticking these
alternative investments into your portfolio. What do you what does
(31:11):
that mean? Well, basically, you are going to be buying
out people that got in at a much lower price.
You will be helping out the wealthy people that got in.
You will be playing a game of demonic musical chairs.
Don't doubt me on this. People go back, go back
(31:32):
thirty years. Every scam, every fraud, we called it here
on the program. So pay very close attention. Need help,
get to our website Watchdog Onwallstreet dot com. That's Watchdog
on Wallstreet dot com. We'll be back.
Speaker 1 (32:03):
Taking Wall Streets liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.
Speaker 3 (32:13):
Welcome back, everybody. All right, something hurt a lot over
the past week, week and a half. And again, I
talk about this all the time. Media does this. They
do this in politics. They also do it in business
news as well. Everyone in the media likes, you know,
get their ships sailing in the same direction they do.
(32:38):
I'm gonna tell you a story. This is actually this happened.
This was back in the nineteen nineties. This is for
young people. There used to be like these little private
message boards that people would get on and there was
it was a called journal List, and basically it was
all editors and top people in the media. They were
on this message board basically crafting their narrative and how
(33:01):
they were going to go about putting their stories out.
This is why they's not much of a difference between
what New York Times, Washington Post, La Times, San Francisco,
the same thing, same thing for the most part. They
get their ships sailing in the same direction. And again
they do the same thing with business news as well.
(33:21):
This past week and a half, hearing a lot out there.
Oh you know, this is the rotation. People are rotating
out of tech stocks, they're rotating out of AI stocks.
And what are they actually saying. Well, they're trying to
come up with an explanation at why certain companies are
selling off when they don't know. They really don't know.
(33:46):
With that being said, you should always be basically trimming
positions in your portfolio. I've described this before here on
the program written about it. I always like to use
from the Karate Kid. I used mister Miagi as Tea
Jing Daniel about his bond's eye tree. Pitch up, three,
cut here, snip down, And the same thing holds true
(34:07):
for your portfolio. If I love XYZ, I love XYZ
in my client's portfolio, my personal portfolio, and it's done
extraordinarily well strangly one. I think it's gonna even do
better down the road. Still, if it becomes outsized in
my portfolio, I take some money off the table. YEA.
(34:33):
You never really go poor if you're taking profits all
the time, and there's other areas of the portfolio that
might not have done anything great companies, great numbers, great management,
just might not be in favor at this point in time.
You can rotate assets into those positions you need to
balance your portfolio. I don't care how right you think
(34:56):
you are. I don't care in these situations. You know,
you gotta bull durham that thing. Don't think it only
hurts the ball club. Do what you are supposed to do.
Rotate assets, balance the portfolio, and you will be successful.
This I wanted to touch on. Actually, people, people, Actually
(35:20):
you're right again, Chris, Uh yeah. Mortgage rates went up.
Mortgage rates went up even though the Fed cut rates.
I constantly have to remind people that the Federal Reserve
does not control mortgage rates. It's overnight lending rates. That's it.
That's it now, granted, granted, vaked, you know. And they
(35:43):
have been or back into quantitative easing again, which is
essentially printing money, but they don't control that. The last
three times the Fed has cut rates, mortgage rates have
gone up. The quickest way, the quickest way to have
mortgage rates come down is for the United States to
(36:03):
become fiscally sane. The whole world is, for the most part,
is nuts nuts. We if we if our currency was
not the world's reserve currency, we wouldn't even be allowed
to get thirty eight trillion dollars in debt if that
was the case. But let's just say if it wasn't,
(36:24):
you'll be looking at you know, the ten year at
you know, eighteen to twenty percent. Okay, that that's the reality.
As soon as we start to show that, hey, you
know what we're gonna you know, we're gonna rain this
thing in. We're gonna balance the budget. Man, oh man,
you're gonna see Ray Strap have to talk about this
(36:45):
as well. This is fool and his money, A full
and his money, two examples of it right here. Okay.
The Nasdaq has now making moves to make trading nearly
twenty four hours a day. That's right, Yes, you can
trade for twenty hour, four hours a day. Yeah, load
(37:09):
up on some red bull, grab yourself some red bull,
pound that stuff and trade all day. Why would they
do that? Who does this benefit outside of the high
frequency trading firms, algorithmic traders, and the exchanges themselves. Do
(37:29):
you think this is going to actually benefit individual investors?
You think individual investors all of a sudden are going
to become successful trading when it's open for twenty three
hours a day. No, no, couple this talking about a
fool and his money. Are this on the same topic,
(37:49):
Robinhood for crying on They're not even hiding it anymore.
Robinhood is now rolling out NFL and prop bets on
their prediction market platform. We've always called them a casino
because that's what they are. Again, I'll continue to warn people,
(38:10):
you're gonna do what you want to do. Like I said,
a fool and his money, fool and his money. Didn't
you think that if you know the clients at Robinhood,
the active traders at Robinhood, if you think that they
were actually successful in what they were doing, don't you
think they'd let you know about it? Again? More? I
(38:31):
was constantly seeing the the e trade commercials now. I mean,
you've got people sitting down, sitting down in front of
I can't tell you how many computer screens, ten maybe
looking like it. And it was Jervis from iron Man
or something like that. All these tools and patternness and
all these things, and we got educational to all this stuff.
(38:52):
Everybody's smiling behind their screens like their successful. Don't you
think E Trade would let you know if their active
traders were really making money. They never have and they
never will. Okay, the house wins. You are gonna lose.
Treat the markets like a casino. Well, you lose, and
you know what, You're not gonna get a free cocktail. No,
(39:15):
they're not gonna not gonna give you a free cocktail.
You're just gonna lose your money. Watchdog on Wallstreet dot Com.
Watchdog on wallstreet dot Com again become a part of
our family at Markowski Investments, personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on wallstreet dot Com.
We'll be back. What's to do and cozy
Well known authored, investment banker, consumer advocate, analyst trader Chris
Markowski is the watchdog Wall Street? Do you want to
answer exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.
Speaker 2 (00:28):
You can't handle the true.
Speaker 1 (00:29):
Proof bringing America the truth about what really happens in
the financial world.
Speaker 3 (00:35):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the Watchdog on Wall Streets.
Speaker 3 (00:43):
All right, Very Christmas, everyone, welcome to the Watchdog on
Wall Street Show. All right, very honored to be in
front of the microphone again. Another year. We're going to
be heading to our twenty sixth year. How about that
next year? You know, debating back and forth how to
(01:04):
go about handling this week's events, And you know, I
stayed up late. I did on Wednesday evening. I'm usually
I gotta get to bed early, I'm up very early,
but I stayed up and I watched the President's speech.
Took it all in, took it all in, and it
(01:26):
was actually pleasantly surprised. I was. I was pleasantly surprised
by his speech. And we're going to get into that
because you know what I'm calling it. I'm calling it
Donald Trump's Jingle all the Way speech. Now you're familiar
with Jingle all the Way to the movie. Love that
movie at first. I'm big Schwarzenegger fan and Jingle all
(01:49):
the Way basically if you haven't seen Phil Hartman in
it as well. There's just Dad played by Arnold Schwarzeneger,
and you learn early in the movie that he's a
good dad. He is he works really really hard for
his family, but he doesn't make good on the promises
(02:14):
that he gives to his kid. And you learn that
early in the movie. He's supposed to be on time.
His kid has a karate class, he's gonna get another belt,
and he misses it again, and you learn his son's
very disappointed. You do it all the time, you do
it all the time, You're never gonna be there, you
never show up. And I thought about that, and I
(02:37):
thought about Donald Trump and his speech because I was afraid.
I was afraid of this was gonna happen. Quite frankly,
all the promises that Donald Trump was making on the
campaign trail and all the promises that he's made over
the course of the year. And I'm pulling my hair
out with this stuff because again and I talk about it,
you hear me get angry here on the program and
(02:57):
insults my intelligence some of the things that he says.
I'm a big believer if you were in a position
of leadership, what about you? Okay, I'm gotta sorry this
for me. This is you know, this is it's a
deal breaker. Quite frankly, you make good on your promises.
I don't care if you're running a business, I don't
(03:17):
give it. The CEO of a company, I don't care
if you're a coach, a school teacher, a radio podcast host.
It doesn't make any difference. Most importantly, a dad, right,
if you tell your kids, I'm gonna put as a dad,
you tell your kids you're gonna be somewhere, You're gonna
(03:41):
be somewhere. I know things happen from time to time.
Oh my god, it's a car accident on the road,
whatever it may be. But you know what, you better
make it most of the time. You better come through
on the promises that you make. And what we've dealt
with with this president is promises, promises, promises and either
(04:05):
not deliver or on deeliver. And some of these promises,
as I said, I'm like greet my teeth. I'm cringing
when he says it. I said, that's not true. That's
not gonna happen. That's not accurate. And for someone like
myself and my longtime listeners recognize this, I work my
(04:28):
tail off to get it right, to get it right,
fact check myself. If I make a mistake on this program,
if I get a number wrong, I get a fact
or whatever it may be. You know, that's the first
thing that I address it right away. I made a
mistake there. I was wrong there. I apologize this guy. Unfortunately,
(04:53):
he's incapable of doing that. Now, why is this the
jingle all the way speech? Well, you're gonna have to
watch the movie. Nice holiday movie. I suggest watching it.
Imaginell eventually push comes to something, he goes above him
beyond and makes really good on a promise. I really
do feel about you watching watching that speech. Yeah, that
(05:18):
he seemed a little bit nervous about the future. He did.
He did, There's no doubt about it. The people on
the left saying he looks scared, well, yeah, his poem
numbers are scary at this point in time, they really are,
and started seeing this week. This is a good sign, okay,
a good sign that he's starting to maybe listen to
(05:41):
not be so damn stubborn, to pivot and listen to
what the American people are telling him for for months now. Affordability,
that's not true. It's a hoax. It's a hoax, and
it's biding Biden by the inn granted people in a
lot of Biden and rightfully saw and rightfully so. But
(06:03):
at some point in time you have to own it.
You come up and you say, this is the way
it was, this is what I took over. Okay, these
are the problems. You know. You maybe pull a little
Bill Clinton in there, like I feel your pain, and
this is what we're going to do to make it better.
(06:27):
And I am gonna be working my tail off to
make make that case. We're gonna do this, this, this, this,
and this, and be specific about the things you are
going to do. Another thing, Okay, he stayed on the teleprompter.
(06:49):
I don't remember, can anyway, I can't recall. I can't
recall a single time Donald Trump ever stayed on teleprompter
he can't help him. I mean, he likes it. He
takes himself up. He's not an entertainer out there. He
likes to come up there and and live and make
stuff up. And you know, he's a king exaggerator. I
(07:10):
caught a fish. This is big. He didn't do that.
He didn't do that. Now, was everything that he said
in that speech accurate? No?
Speaker 1 (07:23):
No?
Speaker 3 (07:24):
Did he inherit inflation? Yes? He did? Okay, wasn't historic?
Wasn't historic? We inherited it was pretty bad when Biden
was president. And it's come down. We'll talk about the
CPI number that came out on Thursday. You know, some
of the numbers he throws out there and can't make
drug prices go down by six hundred percent. Man, that's
(07:46):
mathematically impossible. Grocery prices really aren't coming down that much.
We know we have to deal with that. The other thing,
and at least he didn't say that he's pulling in
eighteen trillion dollars in terror. I mean, he's been saying
that for months now and again makes me want to
pull my hair out because it's just not true, and
(08:06):
you keep saying it. He said, we're pulling in eighteen
trillion dollars in investments, and that's not true either. We
don't know how much money is gonna come in. There's
no concrete number people have said, oh yeah, sure, yeah,
we're gonna make an investment there. There's nobody signed on
any dotted line. Whatever. Whatever the pivot I like, I do.
(08:31):
I am hoping, I am I'm hoping that he's gonna
change his ways. I'm hoping he's gonna stay away from
the camera for a little while. We do not need
to see you every day, Riffin. We don't need we
have no, we don't have to see you every day
putting out a hundred tweets. It's not necessary. You're too busy.
(08:59):
That's quite figure. I don't get it quite frankly. Now again,
I'm sure he has people helping him do this, But yeah,
I'm up every day. I'm up at three o'clock in
the morn. I don't have time to go sitting here
and communicate writing tweets over the course that day. I've
got work to do. You're president of the United States. Okay,
how many appearances you're gonna make? How many times are
(09:21):
you gonna get? Stay away? They got you in trouble
during COVID with the stupid four o'clock meetings every day.
I remember those god forsaken things for crying out loud. It's
gonna give me PTSD even thinking about it. We did
have this past week a decent I say decent, I
(09:42):
mean we're a better than expected inflation number. They were
expecting three point one percent, came in at two point
seven percent, and then the corps came in at two
point six percent. Good. Not great. Don't even say good.
(10:03):
I'm gonna say better your modus OPERENDI right now and again,
this should be great. You should come out and you
should tell the American people. I said, you know what,
inflation came down. It's at two point seven percent. I'm
not satisfied. I'm not satisfied. We are gonna work. We
are gonna work to get inflation to zero. Oh that's
(10:26):
not possible. It is, How is it possible? Well, all
we need to do is to be fiscally responsible. We
are gonna balance the budget. We're gonna look to pass
a balanced budget amendment. Ron De Santis is trying to
do that right now, Governor of State of Florida is
going around the country trying to get states to sign
on to a balanced budget amendment. This country becomes fiscally responsible,
(10:53):
becomes fiscally responsible, because that's what the goals should be.
We're always say, oh, yeah, the fence target is two percent.
Why do you ever think about that? Why is it
two percent? They just throw things out there. They say
two percent so they can continue to print money and
the government can live outside its means. Why we don't.
(11:15):
I don't want to live outside our means. I don't
like the fact that a dollar has lost fifty four
percent of its buying power over the past thirty years.
You can make that point to the American people and
you say, you know what, we're gonna look to do
something about that. Don't say nonsensical things like the terriff
revenue is gonna make the income tax go away. We're
(11:37):
gonna be pulling in so much money that's just dumb,
doesn't make any sense. Okay, only true believers are gonna
believe something so nonsensical, just not possible. He did a
good job in not and I was scared he was
gonna start throwing off some gimmicks and various different checks
(11:58):
and handing out money. Yeah, he did do the military
bonus is and quite frankly, I don't even know how
that is exactly is gonna work. You're gonna have to
run that through Congress, if I'm not mistaken. But it
wasn't about tariff checks going out the door and all
of these other things. So a vast improvement from what
we have seen over the past several months. He knows,
(12:21):
he knows. I mean, he sees the polls, He sees
the polls pull I mean for why it's fake news.
It's fake news. You're faked is No, it's not fake man. Okay,
your your economic approval numbers right now are one point
ahead of Joe Biden's numbers at his worst. That's where
you're at right now. And you haven't this again. This
(12:45):
is a great opportunity. Okay. Sometimes you need to be
backed in the corner. Okay, sometimes you need to be
backed in the corner to actually do the right thing
and get some things done. I'm gonna make some suggestions
on the program today. Throughout the program today, you can
you have a great opportunity, a great opportunity for the
next several months to completely flip the script. I do
(13:06):
think the Supreme Court is going to help out when
it comes to tariffs. I think they're gonna say, you
know what, Nah, you can't do this, but we'll let
you do a little bit of it, but not so much.
I think they're trying to come up with some sort
of middle ground when it comes to these things. I
really do. But even now, I mean, you pull tariffs
(13:26):
out of the mix, and then you could see prices
dropped to an even greater degree. A lot of good
things can happen. I get a lot of flak all
the time from you know, you know a lot of
people out there. I mean, they love the guy. They
love that. I don't you know, that's that's not my job.
I don't love politicians. I can't stand political parties. My
job is to be honest. And I'm an equal opportunity
(13:50):
basher here on the program. But last year, at this time,
country was fired up. The country was fired up, they
were excited. Donald Trump's highest poll numbers he ever received
was when he was working with Elon Musk and they
were looking to cut government waste and fraud, and they
(14:12):
threw him out of town. Things went straight down hill,
straight downhill. As soon as Liberation Day happened. These are
the facts, an opportunity to pivot, to do the things
that you said you were gonna do on the camp
(14:32):
paying trun Now again, people will be patient with you
if you're honest with them. It's okay. In the same way,
I'm a New York Giants football fan. Okay, Yeah, losing
patience with that team, that's for darn sure. They're gonna
have to bring in a new coach. What's the plan.
How are we gonna get back to being a halfway decent,
respectabl team. It's not gonna happen next year. I'm not
(14:54):
gonna be in a super Bowl next year. But let's
put us on the right path. We're not losing every
single year. You show people that we start adding up
some wins here, there and everywhere. And granted immigration keep
going on that, that's fantastic. But on the economy and
what it costs to live here in this country, don't
(15:16):
tell people. Don't tell people that they don't know what
they're talking about. The affordabilities to hoax get away from that.
I think they have so again, somewhat optimistic, Okay, I'm
not holding my breath by any stretch of the imagination,
but somewhat optimistic based upon what he said this past week. Anyway,
(15:37):
we're gonna get into all of that some ideas throughout
the program today and much much more owt our mind.
Everybody again, become a part of our family at Markowski Investments.
Get to our website, Watchdog on Wall Street dot com,
sign up for our personal CFO program, our podcast, our newsletter,
all sorts of great stuff watch Dog on wolf Street
(16:00):
dot com, or give us a call eight hundred four
seven one fifty. It's the most wonderful time.
Speaker 1 (16:22):
The only man who is taking on the Wall Street establishment.
Jere listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (16:30):
You would be a good seat. Everybody. All right, we want
to talk a little bit about becoming a part of
our family at Markowski Investments, and I really do. I
have to really applaud everyone everyone that works at our firm. Again.
(16:52):
You know, we were ranked one of the top firms
in the country, uh this past year. Everybody works on
my show, my podcast, everything that we do as we
continue to grow. I can't thank you enough. I really can't.
It's it's because of all of you that quite frankly,
(17:14):
you know, allows us, allows us to continue our mission,
and what is our mission here? You know? Some of
the I get questions some time and time as people
find it odd, especially in the business that I'm in
that gee, you man, you get a really opinionated on
your program there and once you gonna worried you're gonna
(17:35):
talking about politics and the world runs. How don't you
worry you're gonna upset clients and you're gonna lose clients. No, no,
if that was the case, if I were to if
if a client were to leave us because they didn't
like something truthful that I said on air, goodbye, We're
(17:57):
able to do business here at Marc House. There's no
other firm like ours that offers the services that we
do to everyone. Like I said, no velvet rope, no
bouncer at Markowski Investments. We help everyone out. Okay. However, however,
I don't deal with nasty people. I don't deal with
(18:21):
people that are gonna get outraged because I have an
opinion on something that's that's nonsensical. And I talk about
being an opportunity opportunity bachelor, right, Yeah, mean, people listen
to the program, they know that I'm you know, I'm
a leave in the constitution. I'm a conservative guy. I'm
a small government guy. You know how many far lefties
(18:45):
we have as clients, countless countless disagree with them on
a myriad of things, but it's old school. It's old school.
They want what's best for the country. I want what's
best for the country. Our vision on how to go
about getting there differs. But they're still my brothers. They're
(19:08):
still a part of my family. Do you understand that
I've been trying to get this across to people more
and more and more that the powers that be want
us at each other's throats. That makes that's that's good
for them, that's good for the people in power. You know.
The funny thing is they call they call it politics, right.
(19:29):
The word politics actually comes from the ancient Greek word polish,
meaning city or city state, and then it evolved to politicos,
which means, you know, concerning citizens of the state. Does
anybody think that the things that these people are doing
in DC, most of them have really much of any
(19:51):
concern about we the people. No, They're enriching themselves, and
the sooner we realize that, the better off we're going
to be, so again. Yeah, yeah, we don't have nasty clients.
We don't tolerate that. We don't tolerate that. Tell you, yeah,
we we've had some people people are like you you
(20:14):
got rid of that guy twenty million dollar account? Yeah,
it was a jerk. Why were we able to continue
to businessman? We don't deal with Jack's anyway. Become a
part of our family. Get to our website Watchdog on
Wallstreet dot com, sign up for our personal CFO program,
subscribe to our podcast All Sorts of Great Stuff Watchdog
(20:38):
on Wallstreet dot com, or give us a call eight
hundred four seven one fifty nine eight Walking around Christmas.
Speaker 1 (21:01):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (21:09):
Yeah another thing. Okay, you're not gonna see me going
on CNBC anytime soon. Giving my uh oh geez. My
price target for this stock is this for twenty twenty six? No.
Speaker 1 (21:25):
No.
Speaker 3 (21:26):
If I like the company, if I think it's a
great company, if I think it's gonna be a great
company five ten, twenty years down the road, and I
think it's priced properly, I don't care. Nor am I
going to put a target on these things people. I
actually got asked. I got asked, what my uh, what
I thought bitcoin would be in twenty twenty six. What
(21:50):
how do I put evaluation on here? I can't even
tell you that, for crying out loud. All the experts,
these are the experts, had it for twenty twenty five.
JP Morgan had at one hundred and seventy thousand, Tom
Lee hedded a two hundred and fifty thousand, black Rock
headed at seven hundred thousand. I can go on and
on and on. What good do those recommendations do you? Nothing?
(22:12):
They're no good, Okay. They want people to keep their
heads spinning. It's all content for TV. And we're getting
to that time of year again, that time of year again.
I actually pulled up the column I wrote back in
two thousand and six, Resolution Reality. It's that time of
(22:34):
year again.
Speaker 2 (22:36):
Time for the media to roll out their yearly boiler
plate pieces on how to improve your finances in twenty
twenty six, top stock picks for twenty.
Speaker 3 (22:46):
Twenty six, and financial resolutions every year. Every year, the
so called gurus out there take to the talk show
airwaves with their brilliant insight on how to oh they're
gonna get rich and how to make money in the
(23:07):
next year? What a crock? What a crock? What I
do here? Quite frankly, it's it's not you can't really
sell it. Okay, you can't sell it. Media can't put
it into a SoundBite. There is He'll let you know.
(23:29):
There's no zero reliable list of hot stocks or hot
funds or hot ETFs or hot coins or whatever. There's
no quick and easy way to turn oneself into they
want to say, make oneself wealthy. I've said it a
(23:51):
million times here on the program. Guess what. Here's a
million and one. Everything and anything in life that has meaning,
value or worth involves work, time, and effort. There's no
exceptions to that. None. You know What's one of the
top rules that we have compounding the Royal road to riches.
(24:14):
Albert Einstein stated that compound interest is the greatest convention
of mankind, since it quote allows for the reliable, systematic
accumulation of wealth. Ben Franklin called compounding the eighth wonder
of the world. Franklin actually proved this by willing forty
five hundred dollars of his money to be loaned at
(24:35):
interest for two hundred years at two hundred years a
total five million and was distributed to the city of Boston.
This was back in nineteen ninety three. Listen, Okay, the
bulk of stock market returns throughout history have been due
to the payment and reinvestment of dividends. So yes, you
(24:59):
got to own tech stocks and new technologies there, but
you also have to have foundational pieces as well. Another thing,
another thing that I say again and again and again,
you cannot let risk lead to ruin. Remember in the
movie Wall Street is Bud Fox and Gordon Gecko, and
(25:21):
Gordon Gecko warns Bud Fox, I like losses sport. Nothing
ruins my day more than losses. Now again, I know
that sounds fairly obvious, but you're out there and you
treat your portfolio like some sort of half donkey casino,
(25:41):
taking on all sorts of risk again, looking for shortcuts.
It's not going to turn out. Well, listen, everyone's gonna
come at you. Next great thing out there. This is
the hot thing people. Okay, if you put your portfolio
(26:02):
together properly, and again, you're not thinking of it so
much as financial planning. You talk about this all the time.
It's about financial preparation. It's about dollar cost averaging. It's
about putting money away on a consistent basis. It's about
rotating assets, taking profits off the table, rotating assets into
(26:25):
other areas of your portfolio that haven't performed as well
but are still solid companies. You do that again and
again and again. Man, you're gonna do well. You're gonna
do well and again. It's fundamentals. People in the same way.
And I always bring up I love sports. You work
(26:48):
on the fundamentals constantly. All you golfers out there. I'm
not a golfer. You get out there, you're working on
your put, you're working on your drive, you're playing basketball,
you're working on your free throws. Remember Larry Bird, how
many bloody layups he would take a day, the most
simple shot. He'd work on it incessantly. Because it's important.
You do the same thing, the same thing. I know
(27:12):
it's not exciting, I know it's not a mean coin,
but it works. And that's how you build generational wealth.
That's how we do it. Sorry, guys, no sexy stories,
no shortcuts, no magical computer programs. I don't have twenty
screens in front of me at my desk. I don't
(27:33):
need to because it's all nonsense, it's all noise, it's
all static. Everything we do works, and it's been done
by the best, no other way around it. Gotta take
a break. Watchdog on Wallstreet dot Com. Watchdog on Wallstreet
dot Com again. Become a partner of our family at
(27:54):
Markowski Investments. Sign up personal CFO program, our podcast, news letter,
all sorts of great stuff Watchdog on wall Street dot com,
or give us a call eight hundred four seven one
fifty nine eighty four.
Speaker 4 (28:10):
Choice all on the Little Ones Christmas Joye.
Speaker 1 (28:26):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (28:34):
And since we have none places to go, olk back everybody.
I have people, let's spry. I've been critical of a
lot of the four oh one K plans that people
are not. I think the idea is great. I think
you should take advantage of all your qualified plans. I
don't like how funds are sold, and these things, in
(28:57):
particular target date funds. They've always been problematic for me.
You know the fact that you sit down when you're young,
or you walk into a job and the HR people
got you there, and then you ask, like, you know,
five or six questions about your life, and then all
of a sudden, there it pops up what funds you
should have, and it's some ridiculous target date fund that's
(29:20):
you know, and sixty forty portfolio, sixty percent stocks, forty
percent bonds. It's a math fund, barely keeps up with
the market over the years, has high fees, but again
it keeps the four oh one k people out of
trouble and keeps them paid. That's nonsense to me. I
don't like it, not to mention the fact, I don't
think anybody anybody should say, hey, I'm twenty five years old,
(29:42):
I'm gonna retire at sixty two. Know what's gonna happen
to yourself in life? Again, this is why it's financial preparation,
not financial planning. You don't know what's gonna happen throughout
your life. It's the reality. Now they've become more problematic
with me because see what Wall Street is up to.
(30:03):
They right now are trying to uh make alternative investments
like private equity. They're trying to mainstream these things for everyone.
And once they all get on board, okay, once they
once they all get on board. What Wall Street is
able to do, what they've always been able to do,
(30:23):
is to make the lie become the truth. What do
I mean by that? They're gonna say that, you know,
you know, we feel right now proper portfolio management dictates
that people should have X amount of money in their
portfolios in alternative investments. It's coming, it's coming. That was
(30:46):
that that that song that was coming to take you away? Haha,
They're coming. Yeah, They're coming to rip you off. Haha.
They're all gonna do it. It's gonna become quote end
quote conventional with what we tell you about conventional wisdom.
Conventional wisdom is poison. And they're gonna start sticking these
alternative investments into your portfolio. What do you what does
(31:11):
that mean? Well, basically, you are going to be buying
out people that got in at a much lower price.
You will be helping out the wealthy people that got in.
You will be playing a game of demonic musical chairs.
Don't doubt me on this. People go back, go back
(31:32):
thirty years. Every scam, every fraud, we called it here
on the program. So pay very close attention. Need help,
get to our website Watchdog Onwallstreet dot com. That's Watchdog
on Wallstreet dot com. We'll be back.
Speaker 1 (32:03):
Taking Wall Streets liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.
Speaker 3 (32:13):
Welcome back, everybody. All right, something hurt a lot over
the past week, week and a half. And again, I
talk about this all the time. Media does this. They
do this in politics. They also do it in business
news as well. Everyone in the media likes, you know,
get their ships sailing in the same direction they do.
(32:38):
I'm gonna tell you a story. This is actually this happened.
This was back in the nineteen nineties. This is for
young people. There used to be like these little private
message boards that people would get on and there was
it was a called journal List, and basically it was
all editors and top people in the media. They were
on this message board basically crafting their narrative and how
(33:01):
they were going to go about putting their stories out.
This is why they's not much of a difference between
what New York Times, Washington Post, La Times, San Francisco,
the same thing, same thing for the most part. They
get their ships sailing in the same direction. And again
they do the same thing with business news as well.
(33:21):
This past week and a half, hearing a lot out there.
Oh you know, this is the rotation. People are rotating
out of tech stocks, they're rotating out of AI stocks.
And what are they actually saying. Well, they're trying to
come up with an explanation at why certain companies are
selling off when they don't know. They really don't know.
(33:46):
With that being said, you should always be basically trimming
positions in your portfolio. I've described this before here on
the program written about it. I always like to use
from the Karate Kid. I used mister Miagi as Tea
Jing Daniel about his bond's eye tree. Pitch up, three,
cut here, snip down, And the same thing holds true
(34:07):
for your portfolio. If I love XYZ, I love XYZ
in my client's portfolio, my personal portfolio, and it's done
extraordinarily well strangly one. I think it's gonna even do
better down the road. Still, if it becomes outsized in
my portfolio, I take some money off the table. YEA.
(34:33):
You never really go poor if you're taking profits all
the time, and there's other areas of the portfolio that
might not have done anything great companies, great numbers, great management,
just might not be in favor at this point in time.
You can rotate assets into those positions you need to
balance your portfolio. I don't care how right you think
(34:56):
you are. I don't care in these situations. You know,
you gotta bull durham that thing. Don't think it only
hurts the ball club. Do what you are supposed to do.
Rotate assets, balance the portfolio, and you will be successful.
This I wanted to touch on. Actually, people, people, Actually
(35:20):
you're right again, Chris, Uh yeah. Mortgage rates went up.
Mortgage rates went up even though the Fed cut rates.
I constantly have to remind people that the Federal Reserve
does not control mortgage rates. It's overnight lending rates. That's it.
That's it now, granted, granted, vaked, you know. And they
(35:43):
have been or back into quantitative easing again, which is
essentially printing money, but they don't control that. The last
three times the Fed has cut rates, mortgage rates have
gone up. The quickest way, the quickest way to have
mortgage rates come down is for the United States to
(36:03):
become fiscally sane. The whole world is, for the most part,
is nuts nuts. We if we if our currency was
not the world's reserve currency, we wouldn't even be allowed
to get thirty eight trillion dollars in debt if that
was the case. But let's just say if it wasn't,
(36:24):
you'll be looking at you know, the ten year at
you know, eighteen to twenty percent. Okay, that that's the reality.
As soon as we start to show that, hey, you
know what we're gonna you know, we're gonna rain this
thing in. We're gonna balance the budget. Man, oh man,
you're gonna see Ray Strap have to talk about this
(36:45):
as well. This is fool and his money, A full
and his money, two examples of it right here. Okay.
The Nasdaq has now making moves to make trading nearly
twenty four hours a day. That's right, Yes, you can
trade for twenty hour, four hours a day. Yeah, load
(37:09):
up on some red bull, grab yourself some red bull,
pound that stuff and trade all day. Why would they
do that? Who does this benefit outside of the high
frequency trading firms, algorithmic traders, and the exchanges themselves. Do
(37:29):
you think this is going to actually benefit individual investors?
You think individual investors all of a sudden are going
to become successful trading when it's open for twenty three
hours a day. No, no, couple this talking about a
fool and his money. Are this on the same topic,
(37:49):
Robinhood for crying on They're not even hiding it anymore.
Robinhood is now rolling out NFL and prop bets on
their prediction market platform. We've always called them a casino
because that's what they are. Again, I'll continue to warn people,
(38:10):
you're gonna do what you want to do. Like I said,
a fool and his money, fool and his money. Didn't
you think that if you know the clients at Robinhood,
the active traders at Robinhood, if you think that they
were actually successful in what they were doing, don't you
think they'd let you know about it? Again? More? I
(38:31):
was constantly seeing the the e trade commercials now. I mean,
you've got people sitting down, sitting down in front of
I can't tell you how many computer screens, ten maybe
looking like it. And it was Jervis from iron Man
or something like that. All these tools and patternness and
all these things, and we got educational to all this stuff.
(38:52):
Everybody's smiling behind their screens like their successful. Don't you
think E Trade would let you know if their active
traders were really making money. They never have and they
never will. Okay, the house wins. You are gonna lose.
Treat the markets like a casino. Well, you lose, and
you know what, You're not gonna get a free cocktail. No,
(39:15):
they're not gonna not gonna give you a free cocktail.
You're just gonna lose your money. Watchdog on Wallstreet dot Com.
Watchdog on wallstreet dot Com again become a part of
our family at Markowski Investments, personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on wallstreet dot Com.
We'll be back. What's to do and cozy
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