Fed Moves & Market Highs: Are You Ready for the Next Drop?

[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy. [00:00:18] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correio and JR Rochford. [00:00:42] Speaker C: Here we are, your hosts, Anthony Correo and JR Rochford, taking a break from our day to day as financial advisors with Rochford and Associates, fully independent, fourth generation family office right here in the greater Phoenix area to bring you information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. [00:01:04] Speaker D: We do. I appreciate you being here. So you were in Snowflake over the summer. You were in Colorado. You were in what? Monterey, California. You just got back this week from a couple weeks in Ireland. Are you done? I mean, you know, I'm old and frail and decrepit. Right. You know, leaving me with our adult supervision. Macy was traveling. I actually spent a couple weeks where I was the only one in the office, so I didn't have an office dog. It was very sad. But anyway. And your mom? [00:01:33] Speaker C: I still came back to see all the work on my table when I. [00:01:35] Speaker D: Got back, so there wasn't that much. I mean, we, me, me and the. Me and the Macy, when she got back, we handled quite a bit for you. But I'm glad you're back. I will. And weren't you just in, what was it? Minnesota? I mean, what, what state were you in? You know, Minneapolis. Minneapolis, Minnesota. So I. I think now you guys should send me on a vacation. Like kind of a prepaid Hawaiian, some sort of a luau poi, you know what I'm saying? [00:02:04] Speaker C: You guys will be a part of your retirement party. We'll get you a gold watch too. [00:02:08] Speaker D: Excellent. Good, good. I've seen Pulp Fiction. I don't want to know details on the watch. If Christopher Walken delivers it to me, I'm just gonna say thank you. And so anyway, that, that was kind of a dated period piece from what, 1995ish? Why don't we get into it? Thank you. Thank you very much. Some people right now are like pulp. What? Like the price of orange juice has skyrocketed, but yet we don't have any inflation. So why don't we get into it? I like to start out with shout outs and I have a few this week. I want to, you know something about this radio show. It's a. It's a small world. We've been on for three and a half years. I'm kind of proud of the fact that we've never ever missed a week. We have never. Christmas week, doesn't matter. We're here every week because our show's on current events and how they're likely to affect your finances and your future. So we feel like it has to be timely. But it's been a small world. I've met a couple other radio people. We've had Seth Leapson on the show. We've had Joe Jaquin on the show. So something weird happened a couple Saturdays ago. Just like two Saturdays ago. Anthony, you were in Ireland. Sam, I mean, who knows where you are, where you are in the world, But I was here. Did I mention I'm not bitter, but I was here. So anyway, so I'm up at five in the morning and sometimes I wake up. When you get older, you'll understand why. But sometimes I wake up early and then I usually just go back to bed. Even if it's between 5 and 6. I don't normally, you know, I trust that our show's on and we have our two or three listeners that are tuning in at five in the morning. One of them, actually. Don, thank you for listening. Kevin hears half the show. So we do. We do have a couple of listeners that tell me they're up. Anyway, so I'm up and I. And I'm not tired, so I listen to the show and it was kind of cool listening early in the morning because, you know, Sandy's asleep, Jay's asleep. Anyway, so the show's over and I'm doing something and I had the radio state on, well, the program right after us at six o' clock in the morning on Saturdays. It's a guy named Gary Green. The show is your car insider. And I'm, you know, Gary's not paying me to plug his show, although it would be nice if he. If he returns the favor and plugs ours. But anyway, so Gary, the show, Gary Green, apparently it's been on for years. He's had podcasts for years and years. Never heard of the guy. Never heard of the show. Just how would I, at 6 in the morning Anyway, so I listened to his whole show. It's at the same time that my youngest son is car shopping. And this your car insider. He's like a personal shopper. I don't know how to explain him. He's like a, he's not a broker. I mean he's, you know, we always give away the name AAA Auto buying service. You know, we help people with how to get a good deal on a car. This guy's a little bit different. And anyway, so I heard his show and how he helps people and I reached out to him, Jay and I sent him a little email and this guy like on the weekend on Sunday gets back with us and he's. And I was like, wow, that was kind of quick. We figured Monday we'd hear from you. And it happened so quick. He asked Jay what he wants. Make, model, year, new use, colors, options, all this stuff. And within a day this guy's on it. It's about 8 o' clock at night during the week when I get a text from, he's like, is it too late to talk? He's like, I found the exact vehicle your son wants. Anyway, long story short, a week later, Jay's in a new car, a really good deal. I mean he actually helped Jay get the rebate and a spectacular deal. And what I consider for a first time car buyer, a pretty decent interest rate. Got him a rate in the 4% range. So anyway, this whole thing just was like a world win. And I don't mean to, you know, spend the entire show puffing up Gary, but holy cow, you need to listen. At 6:00 in the morning on 9:60, the patriot. And here, Gary, if you're looking for a car, or even more so if you have a family member that needs help. So thank you so much, Gary. We just so you know, you did an amazing job and we appreciate the heck out of you. [00:06:03] Speaker C: Kevin used to. [00:06:05] Speaker D: Yes, yes. [00:06:06] Speaker C: So Evans brought him. I remember when Jay said he used the service, the way he described it, I was like, that sounds like what Kevin was describing, what he went through and he had positive feedback too. So. [00:06:18] Speaker D: Yes. And Kevin and Jay would probably be considered polar opposites. They are 180° opposite in how they would handle things. Jay was like, I want this. Like I like the color. This is cool, I want this. Kevin, I'm sure put Gary through the ringer and had him explain, you know, the history of subprime auto loans. And so those are two ends of the spectrum. Both extremely happy with you, Gary. So good on You, I'll have to send you this recording of the show and then I'll have to listen to your next show and make sure you, you know, reciprocate and say how great it was to work with Kevin and JR and J. Anyway, moving on, another shout out. What's that? [00:06:59] Speaker C: Oh, nothing. [00:07:00] Speaker D: So moving on, another shout out. Joe Jaquins. I mean, I, you know, I must sound like I have a big crush on Joe and I do. I mean, there's that. It is true. But anyway, so I was at a Texit meeting last night with Joe and it went, it went really well. There was excitement in the room. You know, Joe is a, is a natural born presenter, educator, passionate, speaker. Yes, he's in sales. And Anthony, so are you and I. So, so was Sam Davis, so is pretty much everybody. But anyway, the meeting was incredible. I'm more excited than ever for Texit. I bought in only a few months ago and it was 97 cents when I got in. Now it's $6 and like 20 cents this morning. So the coin's going up but I'm also in early enough to where I'm part of the base of it and reach out to me if you want to know more. But anyway, Joe, good job last night. Something else came out of it. I said to Joe that I appreciated his shout out on his show a couple weeks ago to our show and Joe invited me on his show. You know, Joe's been saying if Jason is on vacation or whatnot, he will let Anthony, I come in and basically be his co host. But last night he went further and he's going to have me on, I think it's on October 3rd. It's not the next two Fridays, but I believe the 13 out. So I'll give you the exact date next week. But it looks like I'll be on his show as a guest. So I'm super excited. So he didn't invite you, Anthony. I don't know why and I didn't. [00:08:23] Speaker C: Well, he never did in the first place. When you're talking about the Jason thing, that was about you. And then you kept tagging me along. I was never supposed to be on that. [00:08:31] Speaker D: Because you're the biggest part of another money show. So I look at it like wherever I go, you need to go. Actually if you're in town, I mean, I kind of figure on October 3rd you'll be in Venezuela. Freedom fighting. [00:08:42] Speaker C: There we go. Actually, no, I will be there on the 3rd, the 9th, I won't. Or the 10th. What's the Friday after that. [00:08:48] Speaker D: Okay, I don't want to hear it. So why don't we, why don't we get into this week's show as you know, if you've listened to us for any length of time, you know, our whole thing, we want you prepared, not scared. We want you proactive, not reactive. You know, our financial, you know, business, our focus is on planning over products, education over sales, and you know, all that part about. But here we only have one hour and we're not an hour long infomercial. So we like to give you what's going on in the world in one hour so you don't have to find it. Like I spend about 10 hours a week looking for it. So a lot going on this week. I know. Anthony, you were not only out of town, you're out of the country. I guess my first. I want to jump into that. Did you hear any news from the United States while you were in Ireland? Did you see any, any kind of weirdness there? I know it's a fairly small country. Did you get to any banks? Do you have anything interesting for the show or was it strictly a vacation? [00:09:47] Speaker C: Strictly vacation. Nobody was worried about the end of the world or anything going on. If they were, I wasn't paying attention to it. But there wasn't anything strange or anything worth worrying about. [00:09:59] Speaker D: Then you should have brought me because I could have gotten them worried, you know, and one thing I would have done over there, which I'm guessing you didn't, without even asking, I would have been given everybody another money show cards saying, you know, as long as you have an Internet, as long as you've ever heard the word podcast, you don't need to listen to Junior and Anthony at 5 in the morning and then Gary Green at 6 in the morning. You can find us wherever you find your favorite podcast. Did you do that? Did you tell anybody about the show? [00:10:26] Speaker C: I did not. I don't think a lot of people over there care about American politics right now. I don't think most Americans care about American politics, but do they care about you? [00:10:37] Speaker D: You were with friends of yours. I mean, isn't it nice to have people know that you, for three and a half years have brought information to the entire world? I mean, we've got people in Japan that are listening. [00:10:49] Speaker C: He's related. That doesn't count. [00:10:52] Speaker D: Well, yes, that. No. But he's got other people listening too. So anyway. All right, so anything. It's. This is always like the Saturday Night Live skit when I try to ask you questions. You know what do you think? You got anything for me? No, I don't. [00:11:06] Speaker C: No. I mean, the trip was good. We had a really great time. It was fun exploring the city. Not just the city, the whole country as a whole. Those roads are way, way too small. I did think it was funny, though. We counted the trucks and the Teslas that we saw over there over the entire week, and it was like under 30 for each of them. It was like 25, 26 Teslas and trucks. Not Tesla trucks, but Teslas and trucks. The entire country. We were on the east coast, we were on the west coast. Drove for 10 days. We saw more Teslas and more trucks in the parking lot of sky harbor as we were leaving than we saw in the entire of that country. Well, kind of makes sense. Those roads are absolutely tiny. Driving around was miserable. Made me very thankful for our. Our big congested freeways out here. A lot easier to get around, really. [00:11:56] Speaker D: That actually, that shocks me a little bit. [00:11:57] Speaker C: Yeah. I'm pretty sure I only hit like, two vehicles. Luckily, the rental car place didn't catch it, so we're all good. [00:12:04] Speaker D: Nice. That's not bad at all. Question for you. Did how. What's the price of things? Any inflation there? Any. [00:12:11] Speaker C: I know you worry about tipping, so that part was nice. But, yeah, I. I kind of got screwed when I went to the bank to convert because I think there's like a 16% difference in euros and US dollars. Pretty sure I got charged closer to 25, and I figured I would use my. My actual bank here as opposed to trying to convert, you know, overseas. And maybe that didn't help me at all. So I still have quite a bit of cash left, but I'll just leave it for when Sam goes to visit Ireland. [00:12:44] Speaker E: Well, that's always been a tough thing for me when traveling abroad, too. Like, there's certain banks that are much better than others. If you go to an ATM in a busy touristy area, you're going to get a crazy upcharge on that transaction, especially if it's in, like, a train station or an airport, you know, not promoting any European banks here, but one where I've had the most success is BNP Paribus, which is a French bank. And they seem to have pretty low or even no transaction fees in some experiences. But that's a tough thing, like, because you need that physical cash. In many instances, it's super useful, but you have to pay to get it, and you're already not getting a great exchange. [00:13:27] Speaker C: So it's a lot of Credit cards you won't have issues with. You can just, you know, throw it on credit card like you said, you will have to need cash for some of it. But what I didn't know because American Express, Visa, MasterCard, all the big ones out here. American Express is not over there though. So that's my main card and that got rejected at a lot of places. So luckily I had my work card on there. So of course I was handing out business cards the whole time because I threw work expenses there. [00:13:56] Speaker D: Hey, IRS agents. 800 million of you, if you're listening, that's only Anthony that was in Ireland using his work card for strictly vacation. Apparently not me. I'm sure you'll reimburse yourself, so I'm not worried about you. Yeah. [00:14:09] Speaker C: On the way on the drive back from Galway to Dublin for a flight, we looked up the oldest bar in Ireland and then tried to do a bit more research and it looks like it might be the oldest bar in the world. From 900 AD, it was called Sean's Bar. Packed on a Sunday morning. So it was kind of cool to see. Can really tell you didn't get like the ambiance and things you would kind of expect for something that old. It looked like just any other Irish pub. I will say that still surprises me though. It's like the American version of Irish pubs. Very accurate. Like they all kind of look cookie cutter all the same. And I was like, ah, that's probably our just version of what an Irish pub looks like. But you go over there and they definitely look just like that. [00:14:55] Speaker D: All right. And you know, I'm like, you know, gonna have to jump into the stereotype and all that. But is there like, does everybody drink a little bit much of the pints and like, is there any fist fighting or going on or is that just. [00:15:07] Speaker C: Not that I saw? I mean I was in bed early, I'm still jet lagged. Like I have not fully recovered from getting back and I don't think I was out that late drinking, but a lot. It's funny though, a lot of their beers aren't that they're like Utah percentages really like 4%. Guinness is only like 3 8. I think a lot of the stuff I was getting was definitely under 5, which is what we, you know, we make fun of 3, 2 beer in Utah, but very similar, all these older ones. But I think that's because of these recipes are a few hundred years old. And that's when drinking beer was, you know, safer than drinking water. So you can't be throwing down 9% IPAs while you're trying to get you through your day. [00:15:48] Speaker D: Well, I'm gonna check island off my list then. And Sam, you brought up some earlier. You are correct. My one bucket list vacation. I would like to take an Alaskan cruise. Never been to Alaska. Been on a bunch of cruises, but never an Alaskan cruise. So that is my. That is my dream. So sooner or later, I'll make it happen. It's just there's always so much going on, I don't seem to do it. And we've. Even the last few years, we've gotten a free cruise certificate and we still. We've wasted it for, I don't know, four or five years in a row. So. I don't know. I mean, yeah, I'm sure, you know, they, they. The reason they give you a free certificate is because they know you're going to be in the casino. So. But anyway, so sooner or later, I'll go to. Yeah, I probably should. I mean, this year probably would have been the best time to do it. And we just. It expired again, so I don't. I think it's five years in a row. We let it expire. So part of why I asked you if you heard what's going on over here, I'm sure at least now that you're back, you've heard about Charlie Kirk. Was that any kind of a big deal in Ireland when Charlie Kirk was. I don't know. [00:16:48] Speaker C: One guy asked me when we were at the bar. I think that was the one in Galway, and he asked my opinion. And then we kind of moved on. And he was like, yeah, this is your vacation. I don't think that's what you want to be chatting about. And I was like, yeah, you're right. [00:17:02] Speaker D: No, it makes sense. And even when you're here, you don't. I mean, that's why you and I are, you know, we. We are 180 degree opposite people. That's all I want to talk about. And it's nothing you want to talk about, which is okay. I mean, good cop, bad cop, whatever. However you want to look at it, it's good opposites attract. I guess I will stay on the show a little bit longer and babysit you. And I mean, it was weird here because it was everywhere. And I did see that there were like, you know, huge, huge marches or parades or whatever you want to call them in England. Speaking of which, Donald J. Trump, he's in England today. Apparently he'll be back this weekend because he's going to be in Glendale, Arizona on Sunday. If you today, by the way, as we record, this is the 18th of September. So on Sunday, there's going to be a memorial at State Farm arena for Charlie Kirk. And it's going to be J.D. vance and Erica Kirk. And it's, it's, I looked at the lineup of names, so I hope the security and safety plans are being implemented soundly because boy, and Trump's going to be there in Glendale. So, yeah, it was a big deal here. I, I, I, here comes my negativity. And I, and I'm sorry for this, but I, I always tell people I'm not an optimist, I'm not a pessimist, I am a realist. We are marching closer to weirdness in this country. You know, we go back to the beginning of the show and we started with the ten pillars. Thank you very much, Roger, for, you know, giving us that foundation. And I, and I look at it like the Last 1, the 10th pillar is basically civil war, civil unrest, you know, problems in this country. A lot of the rest of the world has had that. If you do any poking around right now on France, it's funny because I know that different parts of the world, you don't see, you know, some of the stuff that that's going on that's negative, you don't see it in this country. During the summer of love, the summer of 2020 or 21, when Minneapolis was burning, you know, when Portland, Oregon was shutting down a block, we didn't see it here in Sun City and Peoria, Arizona, you know, there was a lot of problems in Atlanta, Georgia. I'm guessing you didn't see it, Sam, but it goes on under the surface. My problem is we keep getting less civil, we keep getting more off track as a country. Sam, just put on the board what problems exactly. I mean, you can be sheltered, you can be junior or you can be Sandy or Anthony. I'm gonna even bring in Anthony. The only reason Anthony knows 100% of what's going on in the world is because he has me, because I've been in Anthony's car. We took a road trip. There's another, I forgot about that. We took a trip in the summer to go to New Mexico. [00:19:42] Speaker C: That one was a work trip, though. [00:19:44] Speaker D: That one counts 100%. It was a work trip. And obviously since I got to go on it, it must have been a work trip, not a vacation. Anyway. So, Anthony, you listen to music, you listen to comedians, you are a normal 30 something year old. I am an old man with nothing to do but be a sponge on what's going on in the world. But anyway, so I do think. I mean, you know, there was more news that I'm guessing you haven't heard, but there was a young woman named Irina Zarutska that was murdered, you know, right before or, you know, we found out about it right before the demise of Charlie Kirk. And it kind of, you know, went by the wayside. It's just one thing after another. [00:20:20] Speaker C: And there's a shooting, too, the same day. [00:20:23] Speaker D: There was. There was. That was in Colorado. Now, since then, there's been police shot yesterday in Pennsylvania. It just keeps going. And the division in this country, and I've been saying it for 20 years, is the haves versus the have nots, the left versus the right, gay versus straight, black versus white. It's on a bunch of different fronts. And I don't think the media does any favors for us. I think they kind of get us, you know, so we're fighting amongst ourselves. But if it tips, I agree. [00:20:54] Speaker C: And that's why you don't have to feed into it. [00:20:58] Speaker D: There's a lot of positive. Can I talk about it? You know, let's jump right into something else that's going on as we speak. You know, apparently yesterday, Jimmy Kimmel lost his job. And the first thing I do is start reading what are people saying about it? Obviously, that's another polarization hot button. But it's like, I mean, you had Pam Bondi come out this week, you know, basically, and Pam Bondi was basically saying, there's got to be a difference between, you know, on freedom of speech, between hate speech. Is Pam Bondi talking about hate speech versus, like, you know, the freedom of speech versus, you know, unwelcome speech? Like, you don't get to make that call, you know. And part of what I saw again this morning, I'm looking up people's thoughts on Jimmy Kimmel. It's funny because they're like, that's freedom of speech. Well, first of all, he worked for a private company, so. No, it's not. That's like saying, I can go on Facebook. I should have a platform to put what I want. No, you're on Facebook. They can put you in Facebook jail. They can block you. You know, the people that hate the, you know, more conservative side. What do you have to say about Alex Jones, you know, when he got, you know, sued for billions and they took away his freedom of speech? The people depending on what side you're on? It's, you bring it up when it's convenient and I just, you know, free speech versus hate speech. The whole premise of free speech is that you don't have to like the speech, but I have a right to say things. You know, you can beat me up for it, you can fire me for it. If I refuse to bake a cake for you and your wedding, you cannot frequent my business anymore. We have the freedom to, to, you know, acknowledge what we don't like, but we don't have the freedom to stifle it. It's like I, I mean, I'm so. I don't like Jimmy Kimmel. I've watched a few times, you know, part A, because I understand the book the Art of War. I want to see what the people that I don't agree with are saying. I like to be well versed. So if somebody does want to debate me or argue with me, I can say that, you know. No, I don't just look at one side. That's what most people do. If you're a CNN person, you're not watching any fox. If you're a FOX person, you're not watching any cnn. I feel like I'm a critical thinker so I need to watch both and then make up my own mind. So I add to what I, and obviously, I mean, I lean one way. If you've ever met me, you know which way that is. I'm a veteran, I'm a small business owner. I mean, I grew up in a family that does value the second amendment, the first amendment, so forth. So I'm just, I mean, it's all dangerous. That's one thing I will tell you. I mean it's, it's very dangerous. On Glenn Beck. Yesterday on Glenn Beck show, he had to leave his studio. This was yesterday, the 17th of September. But you didn't hear about that. Sam or Anthony. There was a bomb threat and apparently it was pretty credible. So they had to evacuate the studio. I don't like that. I think you should be able to say what you want to say and then we will act with our wallets. You know, I don't know. I just think things are going the wrong way. So do you want me to keep going on free speech or move on? And by the way, I did watch Jimmy Kimmel. I've, I've tried a bunch of times. I don't find him funny. I mean, his, his basic, you know, there's a lot of comedians, Anthony, that you've introduced me to. Hilarious. I generally don't like the political comedy because it's mean. We know that roughly half the country is on one side and half on the other side. And it's not like it was when I was a kid from Chicago where you're definitely a Democrat. You're definitely Mayor Richard M. Daley Blue because your dad was and your grandfather was. This is a different day and age. We're so far apart that there's no overlap. When you came in the office, Anthony, you and I talked about politics seven years ago. And I said I am definitely right leaning, but I don't like the corporate greed. I'm a compassionate person. I want the healthcare system to be free for people whether they are millionaires or they're impoverished. So I definitely cross over lines on a lot of different things. What are your thoughts? You're smiling right now. Whenever you smile, it scares the crap out of me. Why are you smiling? [00:24:47] Speaker C: Because most people are like that. Most people are more moderate than not. They are like, I definitely, I mean, there's no on either side, but I think most people are moderate. So then you get all these people on these shows to really push these agendas. But who. That's again, that's why I was like, I don't need to watch the news because I know what they're gonna say. [00:25:13] Speaker D: Things are good because you have a radio show. You, you do manage money into the future without a crystal ball. So there are some reasons you, you don't need to do it like I do it. You don't need to spend 10 hours a week trying to find out what's going on in the world. You know, for example, for example, that there was a bomb threat on Glenn Beck show. I mean, so I don't know. I never heard the end of it. I don't think so or I would have heard of that. I didn't go back and look later. I mean, it was an active situation when I was looking into it. So I don't know, I guess I could find out today, but no, I definitely would know today if there was a bomb. So, yeah, a lot going on. DoorDash is testing drones. Are you hearing about that? You know, AI is still a thing since you've been gone. Amazon testing drones. DoorDash. Why don't we do this? [00:26:01] Speaker C: Why don't we take a drop in a quarter point that we should talk about. [00:26:05] Speaker D: Should we talk? I mean, who gives a crap though? The Fed. The Fed. Let's talk about the Federal Reserve. That is not federal and they have no reserves. But yeah, they're going to, they're going to make sure they give me monetary policy. Yeah, we can talk about that when we get back from the break. And I want to end up with something. I want to begin after the break with something I ended last week. So I got some stuff to do. But please help us, keep reaching out to us if you [email protected] or give us a call. 623-523-0444. We want to meet you. We want to be a second opinion on your finances. We want to chat with you about the end of the world. You know, we, we've got a person coming in next week, Anthony, that specifically said to Macy, she went to confirm the appointment. He said he wants both of us there. I love that. If anybody asks for you. Good. We'll. Great. Somebody asked for me. Great. But this guy specifically said I want to make sure I do my appointment when they're both there. So I'm excited to meet this guy. Anyway, we will be right back. Make sure you check out our YouTube channel where our podcasts are growing fast. Sam, you need to get us the demographics again because I'm hearing more and more people are tuning in regularly, which is great. With that said, we'll be right back. Thank you so much for being with us. [00:27:21] Speaker B: Well, J.R. and Anthony need a quick breather. So refill that coffee and get ready to level up your wallet. This is another money show. [00:27:45] Speaker A: Fixed annuities, including multi year guaranteed rate annuities are not designed for short term investments and may be subject to restrictions, fees and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims paying ability of the issuer. [00:28:00] Speaker B: This is another money show. [00:28:02] Speaker C: We're back. You're back. Everybody's back. I'm back in the country. You're listening to another money show. Anyways, so to the irs. I thought about this during our little break is I actually did do some work while I was on that trip. So I'm going to justify all of those work expenses. Do we even talk about that how American Express isn't used in most of Ireland? [00:28:23] Speaker D: We did. So you can leave home without it. Yes, you cover that. [00:28:27] Speaker C: But yeah, a new, a new commercial for. Yeah. I don't know if you guys are hearing some of those commercials. I think we've play them during our show now and then there's some during Joe's but I got a new script idea that I thought would have been fun so I emailed that to myself also during the break and actually not even during the break. This was in the first section. Junior was like, you know, talking to you on the show is like talking to a brick wall. And I can't get any responses. Let me clarify that for everybody. When we started this show three years ago, I thought there was going to be some back and forth. I thought there was going to be some conversation. As you all know from listening, there is not. JR does not stop speaking ever. So I am not prepared for any sort of conversation. Essentially, he'll just stop mid sentence and be like, anthony, what's your opinion on it? And I'm. Be real honest. I'm not listening half the time. I have no idea what he just said for the last five minutes. So I cannot. That's why it's like talking to a brick wall. It's because, I don't know. I have no idea what you were just talking about. [00:29:27] Speaker D: So, I mean, to change. [00:29:28] Speaker C: Everybody is on. On the inside baseball and what is going on in this show. [00:29:33] Speaker D: And it's funny because I should be sad and hurt right now, but I'm really not, because, I mean, you know me. You knew me going into this. It's kind of like, you know, you. You marry an alcoholic, you're like, my love can make him change. Your. Your love for conversation probably will never change me. And I'm sorry about that all the time. [00:29:48] Speaker C: And you're like, oh, well, you know, well, this week will be different. This week. [00:29:51] Speaker D: Guess what? [00:29:52] Speaker C: This week has never been different. This is a very. This is a very abusive relationship. [00:29:56] Speaker D: We have a very somber segment, too. Sam, I hope you scrub all this because, I mean, this is the most tearful I've, I, I've been almost. No, I, I get it. And part of the thing is I spend about 10 hours a week getting ready for the show, so I have so much to cram in. I don't have time to converse. I don't have time to be fair on the show. But I will do. I'll do something for you. I usually gather about. I probably average 10 articles for each week. I never get to them all, very rarely, But I'll make a deal. Like, if you want to come up with, like two or three articles every week, and I know you give me some articles, but if you come up with two or three that you're passionate about and you're well versed on them and you let me. And I won't even read them, but I'll just converse with you. I'll. I'll do that. But no, I Have so much to do that I just. I can't let you talk. I want to. I love you. I still. You're. You're my. You're my very favorite stepson. So, I mean. But. But can I promise it'll change from this marriage? Yeah. [00:30:51] Speaker C: If you write, we'll see. [00:30:53] Speaker D: My current step. So blended family. I'm sorry. I don't know if you can say step anyway. So if. If you want to do something like that, I work with you outside of here to do that, where you get more. I have had several people say they love the fact that I won't let you talk. So I have had some encouragement, you know, even Randy, who was in the office. Randy, we have a person that came into our office yesterday all the way from Russia. True story. He and his wife live in Russia, and they were visiting this country, and they came in the office to say hi. Randy is a longtime friend. I've known him, I don't know, probably 17 something years now. [00:31:24] Speaker C: Anyway, Randy, you're a Russian asset. Is that what this is about? [00:31:27] Speaker D: I think he is. I think our show is some Russian disinformation. I'm pretty sure it is at this point, but even Randy addressed that. You know, he. He said, are you guys still arguing? You're like, well, yeah, but. And Randy's. He even. He kind of took my side. He's like, well, he has more valid points than you. I love overhearing that. Anyway, let's move on. I do want to. At the end of last week's show, I rushed into something, and I want to dress a little further. I wasn't watching the class. The clock. I know. That's another shock last week, and I ran the clock out. I want to talk real quick if you got your APS bill this past couple weeks. We got our APS bill for both home and office, and there was an attachment with it. So if you're getting, I don't know, electronic bills or whatever, I don't know if you've seen this. You need to look at the attachment. Here comes APS again, asking the corporation commission for another rate increase. And I want to point a couple things out to you about aps. One, you need to look into the publicly traded company Pinnacle West. Tell me your thoughts. Number the second point. Look at your bill and look at how much you use electricity. And then look at the taxes and the fees on top of what you use for electricity. And then I want you to think about something else. Have you ever seen an APS or an SRP Commercial. You know, commercials are expensive. You know, getting into the radio part of our practice, we're learning that airtime and all this stuff's expensive. So aps, I have a question. I saw, I saw one of your commercials recently. I've decided I don't want to be a part of you anymore. I want to switch to srp. Can I? No. Well then why do you have to advertise? I have no choice. I either live where it's APS or srp. So stop being on the tv. I don't want to see your commercials anymore anyway. So what I. [00:33:10] Speaker C: Are they meant to be run as a non profit? Is it where like they have to waste money at the end so they. [00:33:14] Speaker D: Can keep traded company? [00:33:17] Speaker C: There's no excuse for commercials. [00:33:20] Speaker D: Publicly traded company is the parent company of aps. Anyway, look at your bill. Your most recent bill. So I just want to read two things for you and then I'll let you do your own research if you're okay with the aps. Oh, you know what? I got another point. These time of day. Baloney. Rate plan four or five. You know, I have to pick when I'm going to turn on my oven. You know what, aps, you do it. Just whatever you think is going to help me the most, just put me on that. Make it one plan. Like you're going to charge me out the nose. And that's just what it is. And I better always supplement my Social Security with Texas Coin and other forms of income because you're going to keep raising me. And solar customers, don't, don't get all excited yet. They're starting to raise what you're going to pay into this attachment with your last bill is going to hit a few of those things. I want to summarize it for you. And then if you're, if you're so inclined, look at it yourself. Summary this on the first page. Summary. On June 13, 2025, APS filed with the Arizona Corporation Commission a rate application requesting approval of rates, charges and schedules that would result in an annual increase in revenue from base rates of 662.44 million or 15.99%. So if you think your power bills over at APS are expensive now, get ready. And correct me if I'm wrong, but doesn't the Arizona Corporation Commission usually let these fly? I don't know if it's political. I don't know what's going on. Anyway, let me read something from the second page. Here's something for all you people that bought Solar Residential rate design changes. APS proposes to adjust residential basic service charges and rates to align with the costs of servicing. Servicing, what's another word for servicing different residential rate classes and current rates of cost recovery. Increasing the grid access charge for residential solar solar customers on current rate plans as well as increasing revenue allocations for residential solar customers still on legacy rate plans. So if you've got a very cheap your bank and your solar, you're only paying 100amonth or whatever, it's going to change over the years. They're getting as many people as they can into solar and then they're going to change the rules. We all knew that was coming. The other thing that I started on last week and I ran myself out of time. General service rate design changes. APS proposes to establish new general service rate structures to mitigate cross subsidization by customer classes that are not directly contributing to the costs caused by significant and concentrated system load growth among large high load factor customers such as data centers. APS proposes to adjust its cost allocation methodologies and rate designs for general service customers to achieve this result. Does anybody else speak Greek or French or whatever? I just read. [00:36:31] Speaker C: What exactly did they they saying? That they're trying to drop prices for data centers or that they're going to charge data centers more to cover our costs? [00:36:40] Speaker D: I think what you just said, they're going to charge data centers more because AI is in, you know, cryptocurrency. Takes a lot of energy to run all these supercomputers. It's going to go up. So what I think this is bracing us for is the fact that as more and more data saders come to an area near you, they're going to raise your personal bill to mitigate their cost. By the way, Kevin, if you're listening, the Jargon generator. Holy cow, this whole article is loaded with double speak and talk that you have to have a PhD in English literature to understand. But anyway, I think what it's saying is if you're concerned with your bill now again, look at it, see what your taxes are and so don't worry. [00:37:24] Speaker C: It can get worse. [00:37:25] Speaker D: It can always get worse. I guess I should just be quiet, Jer, because it can get worse. So. And yeah, I mean residential on page three. So what you're looking at is a rate increase of 16%. I don't think we're done with inflation, especially with food and things. They don't count. Just get ready. It's going to get worse. I do want to read one last little quick line here. Because I find this hilarious. The final rates approved by the commission may be higher, lower, or different than the rates proposed by APS or other parties. I love that. Do you think, Anthony, do you think with what I've just gone over, the rates are probably going to be lower or higher? [00:38:04] Speaker C: I'm sure they would love to find a way to help the American people in lower rates. [00:38:09] Speaker D: That's. That's right. You know, people say, you told me to switch to, you know, friendly lighting, like led. You told me to go on this power saving plan that saves everybody on the planet money. You told me to use electricity, to go solar, to do all these things. Well, for years now, for at least a decade. You know, there's a knock on my door every 12 minutes from a solar sales person. So I've done everything you said. I've converted my house to Green Star Energy appliances. I stopped using my hair dryer. Well, I have male pattern baldness. So there's two reasons I've done everything you've said. And why does my bill keep going up? Because you're full of hooey. Now we're going to get a visit from the attorneys from aps, and I guess, you know what, what are you gonna do? Turn my power off. I'm gonna go off grid. I'm gonna go. I'm gonna be the first Sun City house that's completely off grid. All right, should we move on? Should we. Should we talk about other stuff? I want to talk about money today. I want to talk about money for a minute. I had a conversation with a young lady this week. She'll know who she is. She's still a loyal listener, and she was talking about the interest rates. You brought up the Fed earlier. You know, yesterday, the big Fed meeting, they lowered a quarter of a percent, which is massive. Quarter of a percent. You know. You know, in Fed, you need to juggle. You need to juggle inflation and stagflation and unemployment. You know, usually they don't lower interest rates when the stock market is soaring. And what happened after they announced it? The stock market went up. So you know what? Fundamentals be damned, PE ratios be damned. As long as somebody talks and they say what you want to hear, market was off to the races, so I find it funny. And they're also implying there's two more to come this year. I can tell you right now, if you're an investor, if you're a trader. A trader. Not a trader as in some of our positions, but a trader. I can tell you right now, it doesn't matter what they do. We're in deep trouble. We have 37 trillion in debt. They have to lower interest rates because we can't afford the interest payments on the money we've printed and borrowed. So they have to, you know what, there's always two sides to every coin too. So these people that are like, you know, I got 23.9% interest on my credit card, you know, my home mortgage was 6.8%. To get a new, you know, it may help some people. I don't think a quarter point is really what you're looking for for sweeping changes. It may help some people. You know who it's going to hurt, Anthony, who do we deal with? Mostly we have younger people. We have all different people. It's going to hurt savers. The young lady that I had a conversation with this week, she wants to put a little bit more money into a 100% guaranteed, short term, multi year guaranteed annuity. You know what she said? She's like, you know, the rate's going down. Do I have to hurry? And I was like, well, I mean the company we're going to represent for you. No, the rates are, are good until the end of September. We, we did get several emails just yesterday on the 17th of September, which was my youngest son's birthday, by the way, if you're listening, Jay, happy birthday. He's, he's never listened to show a day in his life. He accidentally overhears me recording sometimes, but he doesn't listen to show, which is if I can't get my own family to listen. Anthony, when you got back from Ireland is one of the first things you did was to listen to last week's show that you were not a part of. Have you heard of that? [00:41:17] Speaker C: I'm on the show. I don't listen to this show. [00:41:19] Speaker D: You weren't on the show last week. Did you listen to that one? [00:41:22] Speaker C: Oh, you know the answer to that. [00:41:24] Speaker D: I do, I do want to interact. [00:41:27] Speaker C: On my show how bad it was without me. And now I got my answer. [00:41:31] Speaker D: It was really bad. It was a weird week. It was very, it was somber. I mean it was a little somber of a tone to last week. I had Sam here, so I did have some moral backing, support. I had adult supervision and I did not feel all alone back to money. So yes, rates are going to go down for savers. Do you. And I want to do a little shout out that I don't normally. I'm not so clear on this normally on the show, you know, because we Talk about current events, you need to get in to see us sooner than later. I'll tell you a couple reasons why. Do you remember, you know, a few years ago before rates started going up, do you Remember getting like 0.08 on your high yield money market? Do you remember buying a five year CD and you only got like one one and a half percent for five years of holding your money and you got a 1099 every year on the little bit of interest you got? Do you remember that? That went on for a decade. Just so, you know, decades. A long time. It's coming back again. They're making it real clear. Trump wants to get rid of Powell. He's gone anyway. In May, Trump wants to oust Lisa Cook. Still. If she did mortgage fraud, I agree with him. But I think some of it is on interest rates more than it is on mortgage fraud. But for both accounts it's going to happen. He's actually working with the Supreme Court of the United States right now and removing Lisa Cook. So either way, interest rates are going to be lower. Just so you know. So we are in the most sweet spot time we've been in about 12 or 13 years on safe products. Anthony. Some of these companies we represent, and by the way, if you're listening, we are a fully independent office. So we can shop rates. If you're looking for CD alternatives, we can help you with company strength, we can help you with how to understand what you're putting your money into. We can help you ladder your money out. But anyway, some of these safe products over the last few years, they've been huge. Some of the people, and I won't give you specifics, recommendations or so forth, but I'll give you some generalizations. Some of these people in guaranteed products are making 8%. I'm looking at some of the renewals. Anthony, when you go over the statements that are coming in, I'm like, wow, that's pretty good. And they have no downside risk. So people that are that are, you know, focused on CDs, people that are focused on, you know, safety a little bit more on protection first, growth second. Time is getting to be of the essence. So come see us. I know that's a shameless sales pitch, but we actually don't do enough of that. You know, we are actually really good at doing in our office financial stuff. I know that's hard to believe if you're a show listener because it seems chaotic and it's me that's chaotic. But I can tell you what with the, the ridiculousness of the Fed with the fact that, you know, three years ago when the show was new, we made fun of the word transitory. You know, I don't know, fast forward three, three and a half years is still transitory. Now they're saying it's down closer to their target. A year ago they wanted a 2% inflation rate. I don't, I want the costs of goods and services to go down a little bit, you know, aps, if you're listening, stop raising my rates when everything else is kind of chaotic. Anyway, so we think you should see us. I had another conversation with another client while you were gone. Anthony. Did I mention Anthony was out of the office? I had a conversation with a client and they were talking about diversification which if anybody knows me, one thing I have been steadfast on in this career, diversification and moderation. I am a financial advisor for a career and I do believe in moderation. I do believe it's not a bad thing to have some Bitcoin or Texit or whatever. I don't think it's a bad thing to have guns and ammo, gold and silver. I don't think it's a bad thing to look at passive income real estate along with your pension money. With Anthony, I think it's a wonderful thing. But somebody was talking about financial products and the timing, you know, how on earth is this market defying all logic for this long? And I reiterated my normal spiel about how the Dow Jones Industrial average is only 30 companies and when they underperform, they switch them. They took out last year, they took out Walgreens, put in Amazon. Bet you didn't hear that on the nightly news. So it's a house of cards. If the s and P500,500, that's a pretty good sample of companies. If only 10 companies or less for the last, I don't know, four or five years are floating it, that is a problem and we're gonna see that sooner or later. I'm sorry. You know, the Teflon, Dow, the S and P, nothing just goes on forever. You know, things in life cycle, if you're having a real bad day, hang in there, hang in there. Tomorrow be better. If you're having a real great day, don't get too cocky. Tomorrow might suck. So. And that's how it is with the markets. We've just had a 15 year run up in the markets anyway, so we're talking about products and I said, I got a question for you. Let's say you're diversified properly. Let me give you an advantage of some of what we talk about with income. Income, income. That is Anthony's passion. And for me, it's safety first, growth second. What other product? If you're looking at supplementing your Social Security, if you're looking at having income to somehow cushion the ever increasing APS bill, what other product? Let's say you put in 250 grand. Let's say you put in a quarter million dollars and you set up your own pension and you can choose. I want this, you know, I want my pension to supplement my other work pension or my Social Security, you know, for the rest of my life. Okay, good, good. And do you want to make it continue to your spouse just like workplace pensions? Do you want to take a lesser amount each month for your life and then when you pass, it continues for your spouse's life and then if there's any money left, it goes to your kids in your account. So what other account? You know, give me an example. Gold, silver, Bitcoin, texit, money market, CDs, cash, stocks, bonds. If you put a quarter of a million dollars into stocks and bonds, I'll just use that one because I'm on a, on a tear on the Dow Jones and the S and P. Let's say you put a quarter million dollars in stocks and bonds. I mean, you know, by the way, right now it's 60, 66% of the stock markets. The broad averages are retail investors. Jamie Dimon, Warren Buffett, these people, they get out ahead of the game. So over half the market right now is, is us individuals putting our money in every other Friday from our 401k and still thinking the fear of missing out means I should buy this stuff anyway. If you put 250 grand in a stock account, I'm not even talking about market volatility, but over the next, I don't know, 10, 15 years of your retirement, you use the money up. That's what it was there for. You save the money so you could retire one day and never outlive your money. And let's say the $250,000 gone. What do you do next? It's gone. I mean, God forbid, if we have a 20, 30%, what if we have another 2,000, 8, 30, 40, 57% S&P decline in an 18 month window or 17 months. I mean, so what other vehicle do you have if you're getting, say you're getting $3,000 a month for life and you run out of money at 86 years of age? You're out of money. With stocks, bonds, you're out of money. You got to figure out what to do next. You got to figure out for my long term care, do I start doing alt text planning? What do I do with my entire life once I run out of money? Do you know with a lot of how we set up your pensions, you can never run out of that money. I have to emphasize that there's no other product that can guarantee you lifetime income. And we want you to sit down and talk about it now because we are in the most perfect window. We've been in, I would say, for 15 years. I've been in the job for almost 30 years. And this is the most perfect window I've ever seen for helping people leverage their money safely. So come see us. You know, I gave the big blackjack table analogy a couple times in the last month or so. I'll give you the quick version. If you could walk into a casino and there's only two tables, they're both blackjack. One is traditional. If you win, you say you double your money. But if you lose, you'll give them all your money. That's the only two outcomes. You know, you might hover for longer or shorter, but at the end of the day, the casino does have the advantage. I get that. But, you know, you, you take a chance. It's gambling. What if there was a second choice where you could sit at this blackjack table, put down your 15 bucks per hand, and if you win, you only get half. So you don't double your money, you get half. You bet $15, you get $7 and 50 cents from that hand because you won. Okay? But the next hand you lose, you don't lose any of your $15. I promise you that table will always be full. The traditional table will not. We have options for you that that analogy rings true for. And we want to tell you about them. And I'm going to shout a little longer, a little louder, a little bit more over the next coming weeks and months, because I think we are going to have another 2008. I think we're seeing a slowdown in the housing market. I think we're going to have a correction in the stock markets. And you know, and I know I'm the boy that cried wolf. As Seth Leapson said At one point, J.R. is the boy that cried wolf. But at the end of that story, there really was a wolf. You know, what's the old thing? A broken clock is right twice a day. I think it's getting closer and closer the longer we go to becoming five o'. Clock. And we want to help you. I study things of financial matters during the week, not just bringing you current events for the show. And we have a heck of a problem right now with subprime auto loan defaults. We're getting into a real problem with auto loan late payments. Credit card defaults are skyrocketing. We've never had this much credit card debt in the history of the world. Everything is weird and yet day to day the market's doing fine. Anthony, you were passionate years ago. I'm sure you still are. That the economy is not the market and the market is not the economy. And I, boy, oh boy, people sure seem to think it is. You know, if your gas prices are somewhat steady or going down and your 401k is somewhat steady or going up, you don't ask why, you don't care why, you don't understand why. You just enjoy life. But if you look at history, you cannot help that. There's going to be a plane hitting a building sometime. There's going to be a tech bubble that bursts sometime because pet.com domain site had no product but people were buying their stock. There's going to be another 2008. And I want to shout because do I ever think you shouldn't have stocks and bonds? Never. I believe in diversification, moderation. I would just say I also believe in dollar cost averaging in and out of things. I believe in making sure. Since your money is the second most important thing in your life next to your health, I think you should make sure you got a good handle on it. And we always want you proactive, not reactive. And we can help. There was no room for you, Anthony, on that rant, Sam, I wouldn't even let you know. [00:52:10] Speaker C: I have no idea what you just said. [00:52:12] Speaker D: Right. But everybody listening is like, man Junior, you get them. You're right. This is all baloney. Smoke and mirrors, house cards. You know what? Coffee. Coffee. I read this morning that the coffee that I buy is up 21% year to date. Sam, you and I both had Colombian coffee today. Didn't you say your coffee tasted a little bit different than usual? [00:52:33] Speaker E: Yeah, I was saying that. I've noticed you can actually start to taste the tariffs in the coffee a little bit. [00:52:38] Speaker D: So mildly. Yeah, yeah. And. And the bureaucracy, I think you, you had a hint of that in your coffee. [00:52:44] Speaker C: So speaking of homes, real quick, I'm going to change the topic back to what you actually were saying because I was on the phone with the client yesterday and he brought up a friend who trades options and said over a year ago that, you know, Freddie Mac stock was a smart purchase. And I looked into what that was doing because I was curious. It was, you know, before 2008 crash in the sixty dollar range. After that it spent the better part of fifteen years under a dollar or right around a dollar and now it is close to thirteen in the last year. It's almost a thousand percent and that's on top of all of these failing loans. How is this stock up almost a thousand percent in one year? [00:53:36] Speaker D: Huh? That's a good question. [00:53:37] Speaker C: Yeah. Great. Well anyways, so I know that's a weird way to end the show we should probably talk more about lately, but I just, I guess I don't know how that one's flown under the radar where I have no idea what that was doing. But anyways, that's it for today's show. If you like what you heard, you have questions about any of the topics today or want to sit down with us to review your personal financial situation, reach out to us atteam@AnotherMoney Show.com Find us on the web AnotherMoney Show.com I do want to apologize because someone reached out to us through the website recently. I don't know why it keeps going to junk mail and nobody checked the junk mail folder while I was gone so that got missed. We did reach back out to you so we would love to chat, but I do apologize for some reason it's it's sending it there. But anyways, if you do want to sit down with us, there's no minimums, there's no cost for appointments. There's nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday at noon right here on 960. The Patriots. [00:54:32] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your heart hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management, LLC, BCM. A registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results. Registered investment advisors and investment Advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interest of our clients and to make full disclosure of any conflicts of interest. Please refer to our firm brochure, the ADV2A Page 4 for additional information. At Rochford and Associates, we know you've worked hard to earn your money and you've worked even harder to save it. When it comes to wealth management and Planning for retirement, J.R. rochford and his team of specialists have been helping individuals, families and business owners find financial freedom at their veteran owned firm for more than 25 years. Give us a call now at 623-523-0444. That's 623-523-0444.