Episode Transcript
[00:00:01] Speaker A: 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 income, reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and J.R. ratchford.
[00:00:24] Speaker B: Here we are, your hosts, Anthony Correo and J.R. rochford. Taking a break from our day to day as financial advisors, Rochford and Associates, a fully independent fourth generation veteran owned family practice right here in Sun City. To bring the information you may not find on those other financial shows. We are aware the last thing you need is another money show, but we appreciate you being here. We hope you had a very merry Christmas. I thought about that after we recorded last week. I was like recording the week before.
So probably isn't going to need to be too Christmassy because this will be a Christmas episode. But this is actually after Christmas. I didn't, did not do the math correctly there.
[00:01:03] Speaker C: We don't know that. So Sam is going to deliver the show to the Salem station today, which is Tuesday the 23rd.
So Sam, didn't you say there's a chance this might be released before Thursday?
Yeah, we can publish it whenever you want. Do you want to give a special Christmas gift to your listeners? I can schedule this for by canceling this week. What do you wear?
When do you want to put it? When do you want to put it out? You know, you are the one and only Sam Davis. You are the producer. I am amazing. So you know, now that I'm big in radio, you know, now that I'm somewhat of a radio star, I've never seen a producer like you. So you're going to make the call if that's okay, Anthony, do you have any preference?
[00:01:49] Speaker B: I couldn't care less.
[00:01:51] Speaker C: All right, it's going to go out today.
As soon as we can get it out then.
[00:01:56] Speaker B: Perfect.
[00:01:57] Speaker C: I think that's good. So no more of this Christmas talk, all right. Until Christmas I'm gonna make available. But no one's allowed to actually listen until Christmas. So if you're listening before Christmas, you have to press pause until Christmas morning and then you can listen to the rest. You can unwrap this bad boy on Thursday morning. If you haven't suffered enough seeing your family all week, enjoy another money show. So I had a, I, you know, I guess I didn't think it through. I had a post Christmas joke ready. I was going to have one of you ask what I got for Christmas. I was going to say say divorced. I got divorced for Christmas. Apparently some people don't find rat poison noises and antifreeze as funny as others. But it's not funny now because Christmas is coming up.
Sandy's in the background. Sandy's actually here today. Do you want Sandy to come and wish everybody a merry Christmas? Sam, that was it. So thank you. Sandy nailed it. Sandy has a lot to say so let's get right into it. I mean the only shout outs I have for today, one is we have a woman that we've shouted out several times now. She's a newer listener but apparently she's loyal listener and she came in, she's having us help her so she's becoming a client now she brings her roommate in and I, I'm hoping we can help the roommate because that's what we do, we help people. One person, one couple, one family at a time. But we just, I mean for us, if we can help you, wonderful. If we can't, we won't. The biggest thing, we want to meet you. This has been so fun, so exciting and I hopefully the one roommate has the other roommate listening to the show now. So that'll be even better. We like, we like adding to our fold.
So the other shout I have, I will be back on Joe's show next week.
I believe It'll be the 30th. I'll be on Tuesday morning, the 30th. Arizona Sister Salem Station, 10:10am at 9:00 clock. So if you want to, if you want to check it out, see what I say over there. If you're not a listener of Joe's, you really need to be. That man is incredible. I mean he's called everything for two decades and it all happens. You know, he, he said that you should have one ounce of gold for every year you've been alive. Had you been doing that over the 20 years, think about your net worth. What, how it would have changed. You know, I looked in on silver this morning, $70.
Silver hit $70 today. We don't think it's done. We think the run is just beginning because A, it was undervalued, it's been tamped down artificially before. But B, there's a silver supply shortage.
So I'm pretty sure if you've been buying gold or silver, you're in good shape. I always remind you diversification and moderation are important. I mean what I would not do is sell all your stuff and go out and buy silver. It is still volatile. It's Silver is considered speculation more than a base asset. So you have to be careful. But I'll tell you what, what exciting times, Anthony, I know you've bought a little bit of silver over the years, so that is a good thing anyway. And on the other side of things, let's talk about the mainstream financial planning for a moment before we dive into Christmas. So the GDP numbers came out this morning again, today's the 23rd as we record and it was over 4% GDP growth. And I paused for a second and I thought about that. I'm like that means the country is okay, we're growing so 4 plus percent. So government, government officials, whichever ones of you are listening currently, stop the presses. I have big news. No, literally stop the presses. Government, you don't need to print money anymore. We're growing our way out of this rut we're in.
So I don't know, I mean Anthony, you had said last week or the week before it makes no sense. Inflation's going up, you're printing money, unemployment is rising. None of it makes sense. Do you think there's any chance that it makes perfect sense?
Is it me being crazy or do you think they are just biding time? They are just waiting until things have to change and then they're going to usher in the new digital currency and.
[00:06:26] Speaker B: Yeah, it's going to be a mess.
[00:06:29] Speaker C: It looks like it. And I'm hoping, I mean I just if it's going to happen, rip the band aid off, let us deal with it. There's so many people that we meet, they have no idea the stuff that we're bringing them. They have no idea that the Dow Jones Industrial Average is made up of 30 companies. They have no idea that less than 10 companies stocks have floated the S&P 500 for over six years. Actually about 10 years. They used to call them the Fang stocks before Nvidia became the golden child of the stock market. They don't have any idea that we've had a 16 year run up in the markets since the end of the Great Recession and that things cycle, it could go down again. There's definitely market cracks. Apparently today with the joyous GDP number we're we'll get our Santa Claus rally after all. When I just checked in the Dow at, at about 10 o' clock it was up like I don't know, 70 points. So that, that's great. You know we talked yesterday Anthony in the office to somebody about how financial advisors we get taught certain things. You hear me all the time harping about the advisors. When the next correction gets here, and we've had a few mini ones over the last 16 years, we. When the big one starts getting here, they're gonna be out there selling more. They are selling the entire six year. They're gonna say, you know, buy the dips. What they haven't said for 16 years is sell the peaks, take profits. You went to Las Vegas with $1,000, you're up to $2,000. Nobody expects you to leave when you still have a night or two in your hotel room. It would be smart if you could somehow take some of that money you brought and put it in your pocket and play on the house. Money. You don't think the stock market's legalized gambling? You don't think it's the same as Vegas? I got news for you.
[00:08:21] Speaker B: Can we use that as a transition to talk about weed being reclassified in a second?
[00:08:26] Speaker C: Because I have an article on that. I knew you were going to get to marijuana because I know it's big in your life. I mean, I just presume. I haven't seen it, but I just figure, yeah, give me one drink.
[00:08:33] Speaker B: I'm not a smoker.
[00:08:34] Speaker C: I want to finish talking about financial advisors. And that ties in very nicely because they must all be high because they. I mean, the advice that we see, I don't know, that's good. You got. You got people in their 70s and 80s buying variable annuities still in this world. The hell are you thinking? Do you understand the fees, the risks? Do you know what M and E fees are? Sub account. Do you know what rebalancing fees? Do you know any of that stuff? So I don't know when. The one thing we talked about yesterday with a young lady who is also. She's been a client, but she's becoming a client more. So we talked about the old paper loss. That's been one of my favorite things ever.
In 2008, I was here. I was in the office. I remember listening to the financial shows and it was so funny. Do not panic. It's only a paper loss.
Do you remember, Anthony? You weren't there yet, but I mean, you have to remember that theory. Paper lost my butt the last 16 years on the reverse of that coin. Isn't it only a paper gain if you don't sell and you haven't lost it, then if you don't sell, you haven't made it. I said last week, it really doesn't matter how much you make. It's how much you keep at the end of the day. And I've been getting more and more vocal the three and a half years we've been on the show to tell you this is not normal, things are going to change. And I'd say, be ready. You know, I mean, I. Dave Ramsey, I make a little bit of fun of Dave Ramsey because it's easy to give financial advice when you're a gazillionaire. I know his history, I know about bankruptcy. I also know now you, you know, he's not a financial advisor, he's an author, he's an entertainer, he's a radio show host. I need to get on his show and slam him personally. I'm not slamming him, but he's genius. Common sense, pay down debt. You know, your cash flow increases so much when you don't have debt. So, I mean, I, on YouTube, I watch Johnny Bravo, he talks about wealthy people. He talks about how does the wealthy people, they use other people's money. So Dave Ramsey, you gotta pay down debt. You gotta eat rice and beans and beans and rice. You only see the inside of a restaurant if you work there. And then once you're debt free, you know what you do to get to the step. You never talk about the step like you have owning Financial Peace University. Then you buy buildings. You know, we just had somebody ask us yesterday, Roger, if you're listening. I don't know if Roger still listens. He talked about buying a commercial real estate building. Good thinking. Get that passive income rolling. So when people get ultra wealthy, then they use other people's money and they buy buildings and they buy country clubs and they buy things that most of us cannot afford.
With that said, I guess I'm going to jump right into our articles because Anthony brought one up already. So let's talk about this.
Let's see here. This one is from the AP News on 18 December. What to know about Trump's order seeking to relax federal drug policies for marijuana. So, I mean, I think this is a giant distraction, but let me read a hair of this. President Donald Trump has directed his administration to work as quickly as possible to reclassify marijuana as a less dangerous drug.
Trump's executive order on Thursday does not legalize marijuana under federal law. And it's not the final word. The proposed change will require federal regulatory approval, but the change could make the marijuana industry more profitable, facilitate new research on medical uses, and nudge federal policy closer to a more tolerant approach already in place in many states.
So what is the current federal policy on marijuana? Possessing marijuana is a federal Crime punishable both by fines in prison time. Selling or cultivating marijuana is a more serious offense, punishable by prison sentences of five years to life, depending on the quantity of the drug. That would not change.
Rather, Trump is proposing to reclassify marijuana from a Schedule 1 drug alongside heroin and LSD to a less dangerous Schedule 3 substance, which includes such things as ketamine and some anabolic steroids.
One last thing, the federal government defines a Schedule 1 drug as having no accepted medicinal use and a high potential for abuse.
Schedule 3 drugs are defined as having moderate to low potential for physical and psychological dependence. I have a couple of things I want to ask, Anthony, and then I want your thoughts on this whole thing. First thing I want to know. So Arizona was one of the states that made it recreationally legal. Little marijuana shops popped up all over the place.
They have kind of a, they've got kind of a back door to still get people they want to get. So if it's, if it's state legal but federally illegal, if I go buy a bunch of marijuana gummies, plants, whatever I buy, and then the federal government doesn't like my radio show, they can come and arrest me and put me in jail. I believe the ruling in the legal, the recreational legal Arizona rules, I can grow up to so many plants, three or six or whatever it is, and this is saying they could put me in jail for life.
So with this new reclassification, I guess I don't understand if none of that changes, they can still come get you if they want, even if this is different statewide. All right, I'm getting stuck here. Anthony, what are your thoughts on marijuana and should we start having it in the office for clients that wish, well.
[00:14:25] Speaker B: It'S a joke that it's ever been a Schedule 1 drug? I mean, it's listed above fentanyl, fentanyl, Schedule 2, oxycodone, Schedule 2, Vicodin, Schedule 2, ketamine, testosterone.
That's Schedule 3. But the fact that it was ever a Schedule 1 drug is a joke, but I couldn't care less about any of that. It should have happened. Glad it's finally happening, but it's a financial show, so I didn't want to talk about any of that. I wanted to talk about MJ and MSOs, which are ETFs, following big name marijuana manufacturers and the smaller ones. And with this rescheduling, which happened about, or say attempted rescheduling, because nothing's actually happened yet, but since then, which is about five days ago, if you log on to your, you know, Yahoo Finance. And you look at what MSOS has done in the last five days, it's down 36%.
And again, we're December 23rd and if you look at the ETF, MJ is down, let's see, in five days, 30%.
So how does federally reclassifying a city substance to make it more legal for businesses to sell with less hassle make a stock worth less money? That's what I want to know. Just like in October of 2018 when Canada made weed 100% legal. Why the hell did all of the weed companies drop him share prices? Because it's all speculative. But that's the biggest point to take away from this. That's what I'm upset about.
[00:16:12] Speaker C: Merry Christmas and oh yeah, Merry Christmas, everybody. Guess I'm not going to get you marijuana for Christmas. Apparently you already have it. You know all the schedule one too. Yeah. How are you? How do you feel about fentanyl? So a couple things for you on Schedule 2. Explain that to me. No, they're saying that we're going on boats because we're going to die. If we get near fentanyl. If you get a grain of rice, I think a fentanyl near you, we're all going to die.
I don't understand any of this. I've bought stocks, marijuana stocks, for a good 20 plus years now I've been buying them. I've lost roughly 70% of all the money I've put in the marijuana stocks. I've had a couple that done okay. I've had a couple that have been delisted. I did watch Anthony. That's interesting about MJ because that's one of the ones I own. It ran up big time a couple weeks ago. Then it ran down with this news. It was actually going up three weeks ago because I looked in on a couple times. I was like, oh, that's a nice early December.
[00:17:08] Speaker B: It was about 25ish, ran up to 40ish, and now we're back down to 30.
[00:17:14] Speaker C: Yeah. So why did it run up, you know, anticipate. The whole thing's manipulated. All I've been saying on this show, the entire time we've had this show, which will be four years if we make it to March, is what a crock. A crap. Financial services are the whole industry, all of it, except for you and me, Anthony, we're pretty cool.
[00:17:33] Speaker B: No, It's January of 2020. So this would be what, six or five years ago it was 200 a share for MJ, 200 a share. Then it dropped down to 130s. Then it went back up to two 70s and then it is just tanked since then it was down all the way to 2 for a while. $2 a share. Now it's around 30.
[00:17:56] Speaker C: I guess the only thing I can tell you. I've got two pieces of advice for you for Anthony personally. One, buy the dips, don't sell the peaks if this thing plummets like what happened in Canada after they went federally illegal. Buy more, don't buy less and just hope for the best.
[00:18:13] Speaker B: Never recovered since then though. That's the problem.
[00:18:16] Speaker C: Not yet. I mean that's only been what, how many years?
You said 18-10-2018.
[00:18:22] Speaker B: It's showing me on Google in 2015. It may have been when this started or at least that's as far back as they go as 10 years, but it was 306 a share.
Crazy. I know. Tilray was carrying this for a while until Ray was in the news for a long time and everybody wanted to buy that. And then that exploded. That's like I don't even know what that is a share anymore.
[00:18:43] Speaker C: Everybody was getting in. Coca Cola, Corona beer, Scott's Miracle grow. Everybody was going to make multi, multi, multi gazillionaires of marijuana farming is under 9 right now.
[00:18:55] Speaker B: It was 300 in 2021.
[00:18:58] Speaker C: Do you own something, can I ask?
[00:19:00] Speaker B: Oh yeah, yeah. But I, I bought at the peak.
[00:19:03] Speaker C: Oh nice.
[00:19:04] Speaker B: I didn't buy at the peak but I do think I spent 40, 50 a share on that at some point.
[00:19:09] Speaker C: That's awesome. So buy low, sell high. Works if you have the stomach and discipline.
[00:19:13] Speaker B: I never sold. So it's only, it's only a paper loss.
[00:19:17] Speaker C: Go ahead and say it.
[00:19:18] Speaker B: Yeah, it's a paper loss. It's only a paper loss. I never sold. I'm buying more. Actually I have bought over the last few years. I' definitely bought more shares. It's going down because I was like one day it'll be federally legal and then there's a chance of this skyrocketing again. And I was wrong.
It only goes down well.
[00:19:33] Speaker C: And you know what the good thing is?
[00:19:34] Speaker B: Go up if I don't pick them. If I do, they only go down. That's how this works.
[00:19:38] Speaker C: Oh, I get it. That's your family curse. I mean it only rains when your mom washes her little suv. I mean I. It's almost weird. Whenever your mom talks about going the car wash, first thing I do is pull up weather bug. I'm like Here we go. Here we go. So the good news is you have a government that cares about you starting in January. From what I understand, the cost of living adjustment on Social Security and so forth is going up 2.8%.
Maybe they'll revise that now with today's joyous GDP numbers. I don't know. So you're going to get a big raise? Of course. We have a client named Kevin and we talk to him all the time about IRMAA and about how people get cheated.
I will share one little portion of an email that Kevin sent me just yesterday. We were talking about irmaa. I sent him some information that I received.
Says here the premium hike from 2025 to 2026 is 9 0.67%.
Well, wait a minute. I just said that your COLA and your Social Security is 2.8, but your, your IRMAA premium hike is going to be almost 10. That's weird. That can't be. Let's see here. As outlined in the CMS projection report, future annual increases are expect to be as bad or worse. By the way, if you're listening to us and you don't know what IRMAA is, then you probably are not affected. It doesn't affect everybody.
One thing Kevin said here, if you have clients two years or more away from signing up, that's the time to advise selling equities to eliminate debt, particularly if the debt is substantial. What he's getting at there, financial planning.
You're managing money into the future without a crystal ball. But if you know certain things are going to affect your planning, spending over the next weeks, months, years, you can be proactive and not reactive. We help people with whether or not they should carry a mortgage. You know, well, I, I've. My rate is only 3%. Why should I pay that off? We, we talk them further. We have Kevin. I'm going to say, I'm going to come out and say it. Kevin's like on our team. If we've got an IRMA scenario coming up in the office and they want to know if they should pay off their house in 2026 and how it'll affect their IRMAA window in 2027, we're going to reach out to Kevin and he'll help us figure out what to do. So. And yes, of course, Anthony, you have your, your ria. You're an. I am always confused by that. You're an IAR at an ria. You can call your RIA and get help. The people over there are very helpful. But we have Kevin. We've got Kevin. So anyway, I just thought I would change the subject because I'm tired of the drug situation. I'm tired of the drug story.
You know, one good thing about being with a family practice versus a big wirehouse, you know, big firm, we're personal.
You know, we. We had the conversation with somebody last week about how some of the big wirehouses, they, they either never call you, you have to call them. They, when you do talk to them, it's always hold the course. They never add into your equation the world around you. Just your date of birth, income, you know, your age, your income, your approximate tax bracket, your assets, and then your risk tolerance, which I can tell you, when things are going up, it's an 8 to a 10. When things are going down, it reverts to a 2 to a 3. But, you know, that's because I'm very insightful. So a small family practice, we have hundreds of clients. Most of those poor advisors have thousands of clients.
So unless you have 5 million or more, they might court you enough to keep you from going away. They might want to keep you because all of that assets under management comes together. But unless you got 5 million or more, that's not really. That's not what they're looking for. So come see us. I guess the bottom line. Come see us. We want to help you. We want to meet you, we want to be a second opinion, and we want to see if we can help you on whether or not to buy marijuana stocks. Apparently Anthony can guide you on that.
Shall we move on? You know, one thing that scared me when I was new in the job in the late 90s, when the tech bubble was here, when Internet was growing. I remember, you know, my AOL, my Internet in 95, 96, 97. Well, it started getting more refined in the early 2000s. I remember conversations with my father about how the Internet is going to replace us. We're. They're not. It's going to be all robo advisors. You've heard that term over the last decade. We're not going to be needed. My father was like, you have no idea what you're talking about. He's like, the difference between information and advice is vast. People are dangerous. They'll. They'll do more harm than good. You know, you go on WebMD and you find out you have cancer, the earlobe, when really all you had was, you stubbed your toe. He's like, we are always going to be needed to keep people with the stomach and discipline to do the right things financially. And you know why I'm reminded of this? Because this morning I was reading an article on AI in data centers in particular.
Then I pop over to Glenn Beck and hear him talking about, you know, what electricity use the data centers are going to have. Anyway, so there's a lot of people that are worried that AI is going to replace their job. I'm not sure that I have to worry about that because people are going to lose their shirt when that happens. Sam. That's kind of a dated reference, Sam, back to the AOL days, he said, you've got mail, you've got mail. I like that. So anyway, so if you are concerned about AI coming, you ought to be. You know, we were remiss last week. We didn't talk about the MIT professor that was assassinated. And I even talked about how there's so much violence going on. I even talked about Brown University.
And now apparently I hear that the shooter of the Brown University students may also be the same shooter of the MIT professor. Well, the interesting part of that story isn't the violence or isn't the demise of the professor. It's the fact that that professor was one of the leading scientists in our nation on nuclear energy. You know, we all know solar works sketchy at best. We know nuclear power is the way we have to go that way. So, yeah, I apologize I didn't put that out there for you last week. It was kind of new to me on reading about it. But yeah. So what do we do next, Anthony? Do we. You know what? I want to do a little tease before the break. You gave me homework two weeks ago and I was not able to accomplish it. You asked me to watch that movie Begonia, and then we would chat about it. No, I did.
I watched it Sunday night. I did go to the Cardinals game this Sunday. Thank you to Jan and Bobby, shout out to Sandy's cousins, took us to the game. So hopefully that's the last game I'll ever go to. It's Remember when we talked a few weeks ago about how Arizona the fans drink more than any other State stadium? And gosh dang, you have to. That's why you have to. Even if you don't drink, you have to. Let's do this. Let's take a break and come back and chat for a minute on Begonia. So, as always, thank you so much for your support. Thank you so much for following us on the YouTube channel, reaching out to us. We're at 623-523-0444 or you can email with your AOL account.
We're at teamnothermoneyshow.com and your new Year's resolution, we hope it's to come and meet us, sit down with us, see if we can hook up for a minute. All right, we'll be right back. Thanks for being with us and happy holidays.
[00:28:00] Speaker A: Another weekend, another Money show. Visit another money show dot com.
[00:28:12] Speaker C: Welcome back to another Money Show. Thank you so much for being with us. You how much we appreciate it. We always say we're little tiny fish in a giant pond. So we need your help. We want to continue to be a family practice. We, it's, it's a weird animal. You know, you, if you work for a Wells Fargo Financial Advisors, just give an example or Edward Jones or whatever big name firm you have to see so many people. I don't know your quotas. I don't know if it's four a day or eight a day. I know you have to keep moving. If you get sick and you're out for a while, you better have a plan for somebody to cover for you.
If you don't think it's right to sell somebody marijuana stocks for a month, if you don't sell anything, you're gone. The pressure and quotas are amazing. I do know that being in this industry that long, I know we don't have any, we don't have any pressure, we don't any quotas. And yet we still make a living. But you know how we keep going, you know how we keep growing? Wait till you hear this. We need to keep Rochford Associates, conveniently located in Sun City going. We need one to two new clients a month. A month. Not a day, not a week. We need one to two new clients a month to keep everything going. And you know what I've had in 30 years or nearing in on it, no problem. Had no problem doing that. We're 100% referral based. We, we don't lose clients. That helps us. We don't have to replace them. But I would tell you something, if you've been in, you know this, our normal day for new people to come in is one in the afternoon, one in the morning. We don't rush you. The appointment can take a half an hour, it can take three hours. We want to get to know you. If you trust us with your money, we never want you to leave. I've always said the biggest goal I have is to make sure you never say I wish I would have or worse, I wish I wouldn't have when it comes to dealing with us. So with that plug behind us, let's talk for a second. Let's. Let's. Hey, Ebert. What is it? Ebert. Siskel. Siskel and Ebert. Which was the fat one? I'll be the fat one because it's not really a stretch.
So, Begonia. What do you want? Wait, you got to quiz me. How are we doing this? How are we handling this? Because you were so excited about me seeing that movie, and now I really want to know why.
[00:30:25] Speaker B: Why?
Why? Because you're J. Oh, my God. What's his. The actor's name? Jake Filber. Filbers.
The guy that kind of looks like.
Oh, my God, what's his name? Matt Damon, but isn't.
Or Jesse P.
You're him in that movie. Because you. You might be right.
But he was missing a big point in it. He was right about the aliens. He was right about all of this stuff. Stuff. But they weren't there to suck the blood and, like, murder everybody. Like, they were there to help. And he ruined humanity because he had it in his head that he was right about everything, and he was right about a lot, but not the overall picture. And I was like, that just seems.
[00:31:12] Speaker C: Like J. R. And I guess I should say, if you're listening to us, it's probably too late now, but if you were planning on watching this movie over the holidays, you know, we just ruined the heck out of it for you, in my opinion.
[00:31:21] Speaker B: A good holiday picture. I figured that's what.
[00:31:24] Speaker C: Oh, for sure.
[00:31:25] Speaker B: They're opening up Christmas morning. They're gonna get begonias and bring the family around to watch it.
[00:31:30] Speaker C: There was blood, There was violence. It was. It was very festive. Well, and I told you last week we watched Fat man with Santa Claus killing people. So no. And, you know, obviously it picked up on that. Anthony, I thought about what Seth Leibson said when he was on our show. He said, you know, I'm the boy that cried wolf. But the point was, at the end of the story, there really is a wolf.
So that whole movie was about the guy being crazy or presumably crazy, but he really wasn't. He was actually spot on. But when you say he ruined everything and ruined everybody's life. I'm not ruining anything. Our show, if that's what you're equating this to, we're entertainment. We're a little bit of information. We're a little bit of advice. But we're not.
I mean, this is. I'm giving you current events and how they're gonna affect your future. I watch videos, I read. I gather a bunch of stuff every week and I spit it back out to you in one hour every Saturday. I am not thinking the world is going to end. I just think the stock market's going to crash. The housing market is going to crash. We're going to have a central bank, digital currency. Everything in your future is going to be different. That's all. I think. I don't think aliens are coming.
[00:32:43] Speaker B: Well, see, that's where I think you're wrong, because I think aliens are coming. I'm pretty sure aliens are already here.
[00:32:48] Speaker C: I'm pretty sure you're an alien. I'm. I'm. Yeah. No, and the movie, by the way, did you like the movie? Let me, let me.
[00:32:55] Speaker B: I liked it. Yeah. I like that director a lot.
[00:32:58] Speaker C: It's weird. I mean, is somebody going into that movie has to be open to bizarre stuff? Because it was definitely bizarre. I can't tell if I liked it or not. That's what's so funny. I kind of liked it. I kind of didn't. Sandy. I have Sandy here with me today because Sandy is on her Christmas vacation. Sandy watched the movie with me. And I have to preface this. Sandy does not like foul language. Sandy's not an ultra violence fan. Sandy, did you like Begonia?
Oh, good Lord. She said she liked it a lot. You're right, Anthony. I'm wrong about everything.
[00:33:29] Speaker B: That was the moral of the story. That's all I wanted. And because you're not wrong about everything, I think you're right about so many things. It's just the, like, the why or like the bigger picture. Like there's just something missing. And that was all. That was the whole point of the movie because he was right. Everybody thought he was crazy and he was right, but he was wrong about the why, like the essence, you know? I mean, I don't know.
[00:33:53] Speaker C: How am I wrong? Give me some essence on me, but put it back on me. I like your. Your criticism. I love when you think that I'm wrong. I love it because that gives us.
[00:34:03] Speaker B: Again, I don't think you're wrong. That was the whole. The whole point. Because you're right about so many things, but your failure to adjust and adapt to the things around us. Because again, the stock market going up at the same time the dollar's collapsing, theoretically. I mean, if you. You adjust for inflation or just to the value of the dollar, the market really may not even be going up as high as we think it is. You know, there Might actually be significantly more of a balance there than not. And I don't. I'm just open to that.
[00:34:35] Speaker C: You look at financial statements every week of your life.
These markets since 2020 have done what, I mean, at least doubled. Have you seen one single statement in the last five years that's doubled one?
No, you haven't. There's nothing that we've seen that's come remotely close to what people are fed by the little crawler on the bottom of the tv. My whole thing, my whole thing.
[00:34:59] Speaker B: Listen to. Who's that guy that we were just talking about earlier? The debt free Dave Ramsey? Just buy a good S and P fund and then it would have had to have doubled because the S and P doubled. Right. That's how that works.
[00:35:11] Speaker C: That's. Yeah, that'd be nice if that's how it worked. First of all, he doesn't talk about fees. He doesn't talk about spreads. He doesn't talk about who's going to do it for you. And if they charge a fee or a brokerage account wrap fee, he doesn't, he doesn't give you the full picture. The other thing about that is no. The answer is no. So when, when you look at the S and P. Let's go backwards for a second. Let's look at October of 07 through March of 09. The S&P, during that period lost 57% of its value. The. I forget all the statistics. I used to have them kind of memorized the average account, so half was worse. Lost 12% of all.
They lost 12 years. Yeah, I'm sorry. They lost. They lost 12% of all their dividends. All their growth in 17 months.
[00:36:01] Speaker B: You said percent again. 12 years.
[00:36:03] Speaker C: 12 years. I'm sorry. They lost 12 years of all growth in 17 months. And then they're like, well, no harm, no foul. Because the five years following, you know, the bottom. You got all your money back. Yes. But you lost five years of your life. And that was like the average. Some people, it still never. They took too much risk and then they, you know, forgot about the paper loss and they locked it in. Some people still aren't back. It just, you know, here's a simple example on how to look at this. When it finally ever comes down.
If you have a dollar and you lose 25%, how much do you have? You have 75 cents. But then if it goes up 25%, you don't have a dollar. You've got 25% on 75 cents. You're not back to. Even so in the markets, my whole thing, they're heavily, heavily manipulated. This is my opinion. I have no inside information we've brought to the Plunge Team.
[00:37:01] Speaker B: You should be a congressman then, and then you would have inside information.
[00:37:04] Speaker C: I should be when Nancy Pelosi. Nancy Pelosi. I've got a little chart that shows the investing life of Warren Buffett and Nancy Pelosi. It's great to me that she's better than Warren Buffett. I love that. So I mean, all I'm getting at here with that movie, I'm not wrong about anything. I'm just early and I'm not heavy.
I'm not talking about alien invasions. I'm not talking about artificial intelligence taking over humanity. I'm just telling you none of the financial services stuff that I read or see makes sense. And you know what if, if I just bring problems. That's the dude from the movie.
I mean, his solution, I don't want to get deeper into ruining the movie for people, but his solution is like murder and mayhem and kidnap and it's.
[00:37:52] Speaker B: Just like Falling Down.
[00:37:55] Speaker C: Falling down was one of the best movies America.
I don't know if I've seen that.
[00:38:00] Speaker B: Falling down, that was a bobcat goldweight movie.
[00:38:03] Speaker C: Really?
[00:38:03] Speaker B: Yeah. Directed and produced it. It's fantastic.
[00:38:07] Speaker C: Nice. Falling Down. Michael Douglas, right that, oh man, that was a great movie. That's a holiday movie kind of. I mean, he abandons his car. That'd be a Christmas gift for somebody else.
So to finish up with Begonia, I'm not that guy at all. I'm just trying to tell you things don't make sense. But if all I did was shout about how bad things are and I didn't have solutions, then it would be problematic. But I have solutions, I think, if it's appropriate for people. Obviously, I'm careful not to give blanket advice on a radio show that anybody could be listening. And most people on the planet are.
If you take profits like Las Vegas and you use that money to pay down debt. Dave Ramsey. And you use that money to leverage it to asset based long term care. So if you ever have the need, you've turned $1 into two or $1 into three and then you put that on a bigger scale, you know, one of our companies, if you put $100,000 in and you get underwritten as standard, you get 200,000 for long term care. If you get preferred, you get 300,000. That's real world leverage. To better your situation. What if we take your stocks and bonds? If it's appropriate I keep saying that so we don't get in trouble. What if we take your stocks and bonds, take a massive 16 year run up worth of profit and we put it into lifetime income. What if we put into safe, fully guaranteed insurance products that are fully guaranteed, did I mention that? But they have 100% or more guaranteed safety and, and we were able to get you good returns. Right now we've been talking about the window that seems like it's going to close because. Did you just itch your beard with your microphone?
[00:39:50] Speaker B: I did.
[00:39:51] Speaker C: That's the funniest thing I've seen in three and a half years. Anthony just leaned over and itched his beard with his microphone.
Sam, you got to amplify the little scratchy sound that I heard. But I just couldn't believe my eyes. But I just saw. So anyway, and I've seen Anthony do a lot of weird stuff over the three and a half years. I think he forgets that we're recorded every week. So anyway, anyway, back to. I don't even know where I was.
What is as. Oh, is that the people that are weirded out by noise? Asmr.
[00:40:23] Speaker B: No, not, not weirded out. It's definitely not the.
[00:40:26] Speaker C: Okay.
[00:40:27] Speaker B: They're very into it, Don.
[00:40:29] Speaker C: They like that. Sam, we need to know more about you during the next break. So what's the affliction that people have when they, it bothers them when you hear other people chewing?
I forget the name. It's like misophobia or misophobia or something. If you've ever. If you don't like listening to a dog drink water. If you don't like listening to somebody eat potato chips, especially with their mouth open. There's a phobia about that. And I'll tell you what I definitely have. It depends what my mental state is. But if I hear somebody chewing, I freak out. So back to finishing up with Begonia. I have solutions.
We have this window right now.
Looking back over the last year, I've seen some of the returns people have gotten in their, their fixed annuities.
Some of these accounts, Anthony, 6, 7, 8% return with no risk.
So when the next 2008 gets here, which I am shocked it hasn't happened by now, the boy that required Wolf said, but when it gets here and you don't lose any money, you don't have to wait those five years, seven years, 10 years to get your money back. So. And whatever. What other products, CDs, money markets, stocks, bonds, cryptocurrency, when you have, say you have a quarter of a million dollars. Let's say you did a heavy lifting. Let's say you're a financial Sherpa and you have $250,000, and you turn it into, say, 2,000amonth in income. And then you get to where you run out of your money. You've gone through the $250,000. This is 10 years plus later, and you run out of the money. What other financial vehicle continues to give you $2,000 a month for the rest of your life? You cannot outlive it. All I'm getting at is we have solutions. Yes, I bring problems, and yes, we have solutions. And that was a long time to talk about both marijuana and. And begonia. Let me tell you a little more about financial advising.
Let me talk a little more. More financially, we want to do less current events today because we're recording on Tuesday instead of Thursday. You know, one of the things, and I mean, I don't need to go over some of this stuff anymore. You know, Venezuela, apparently there's a full blockade. Another oil tanker was taken over. Now, Yesterday I'm reading A.D. colombia, where apparently Donald Trump was talking about cocaine, cocaine factories in Colombia. So we're, we're going to wind up. Boy, if you live in Colombia, if you live in Venezuela, if you live in Cuba, some of you people are, you're going to have a different life. Is it going to bleed into Puerto Rico? Are the poor people in Puerto Rico going to have trouble, too? What kind of drugs are they supplying to the United States anyway? One of the things about financial advising, you know, managing money into the future without a crystal ball, it really, if you're honest with people, if you really subscribe to the basic rules of financial planning, is it not more important to protect your money and then grow in that order? The reason I say that, if I can make you, somehow, I can make you 10% next year and the following year and the third year. But then year four, you lose 30% of your money, the impact is gone. What I did for you, it negates itself. It's gone. You know, this job.
You know, I used to think once you know the basic rules, when you're new, you learn the rule of 72, which is, how long does it take to double your client's money?
If you can make them 1% safely, it'll take 72 years to double their money. But if you can make them 10% percent, it'll only take 7.2 years to double their money. My favorite rule by far was the rule of 100.
So simple. When you're a new advisor and you're intimidated to begin with by doing a financial needs analysis and you're scared, take the rule of 100. If somebody sits down with you and they're 80 years of age, all you have to know the rule of 100, you're going to put 20% of their money for growth, you're going to safeguard 80%. On the other side of that age, if you're 20 years old, we're going to put 80% for growth, 20% for safety. Bam. Diversification, bam. Do your 60, 40 stock and bond split. Everything's easy. The problem with that is it doesn't take into consideration so many factors, one being the real risk tolerance. My father, who I worked with for about 11 years in the office, I helped him before that when he was studying for one of his exams. He actually lived with me for a while while his house was being built in Arizona. And I got to sit with him at the counter at night and talk about financial services and talk about how to help him. And that's kind of one of my good memories of my father was when he lived with me for a while.
You know, knowing that he worked with his father, it's like, that's kind of cool, kind of a family thing anyway.
My father, 28 years older, was way more risk accepting than I am. I was risk averse. You know, when Sandy and I started doing Roth ira, we used an insurance company to do our Roth ira.
We didn't want to lose money.
So the other thing it does, it's the world around you.
Most everybody that we're sitting with right now, we ask if they have an advisor, are they telling you that we better be ready with stop losses, we better be ready with a plan?
No, they're just selling. And I just, I look at it like our job. It's, it's very simple. It is an art, not a science. You can lose. You can learn all the rules you want. And it just. For every single person, a plan needs to be different.
And a lot of the, you know, we talk about seminars with people. We had a young lady in the office yesterday who said she's been to a bunch of seminars. She said they're all the same. She said that they're the same.
I remember when my father and I, we, we hung our license at MetLife and we were pushed into the seminar world. This was in the early 2000s.
They had the product ready for the seminar. It wasn't like, get in front of people so you can help more people to better their situation. It was. We want to sell this variable annuity. I believe it was called the ppa, the Performance Plus Annuity. And it was so slimy. It was like, you know, we're going to. We're going to co op the dollars with you. This is what skin you're going to put in the game. You need to get 40 attendees. Out of the 40 attendees, you need to get 20 appointments. Out of the 20 appointments, you need to get 10 new clients.
Bam. And it was just. I don't know, it was never meant for the client. I've always thought if we do seminars, Anthony, I want to do a seminar. I want to do a dinner seminar on why you should never attend a dinner seminar. Although the older I get, now that I moved to Sun City, I think your mom and I need to start going to seminars. Every single postcard that comes in my mail, I need to start up, you know, saying yes to. I guess I won't wear my logo.
I won't wear my polo shirt that says Rochford and Associates on it. But, you know, a lot of those go in Sandy's name anyway, so I'll just be Mr. Sandy Rochford. But you know what? They're at Morton's. They're at Ruth's, Chris. They're at nice places we went to, Anthony, you and I and Jay and Sandy went to dinner. This is a couple of years ago now at. What was it? Sarah Gaucher?
Is that where we went, Sandy? Is that where we went?
[00:48:01] Speaker B: Let's finish the story. And then I can tell you what.
[00:48:04] Speaker C: Where we sat there at a table right outside of the room where they were doing a financial seminar, and it was just.
[00:48:09] Speaker B: Yeah, I do remember that.
[00:48:10] Speaker C: They took them all in at once, like a little parade. It was a little line of people that went from the front of the restaurant into the little back room. And it was just the whole thing. I just. It made me so sick to my stomach because I know that the, you know, you have a dynamic presenter. They're gonna make a great case for whatever it is that they already know that they're gonna sell you. I don't know, it's just slimy financial services industry.
I just. I think it's all about sales.
And I know if you're a financial advisor, sales should actually be one of the less, the lesser parts of your job. Number one needs to be marketing, because you need to see people. I get that. So number one is, where's your niche? How do you get people in your office. Do you have an affinity group? Do you have a. You know, do you. Are you part of a country club? You know, do you. Do you have a race car team that you see? Where do you find people? The second part. Psychology.
The second part is psychology. I have to get to know you and find out what's right for you. I can't just have a broker tell me what I have to sell to you. So. And then the last part is sales, because if people don't trust you and they don't move money to you, you won't be there very long. But that should be very distantly third, if you ask me. All right, enough of my soapbox. Let's go back to Christmas for a second. I saw no, I won't get on the car commercials, which still cracks me up. Honda days, holiday, December to remember. So last night, Anthony, I saw a commercial. I know you've had a sip of whiskey in your life. Actually, you seem to know what you're doing with whiskey. I don't because I don't know anything about it. I saw a commercial from McAllen. You heard of that? Macallan 18.
Does that ring a bell?
[00:49:52] Speaker B: Yeah.
[00:49:53] Speaker C: Yeah, yeah. No. No, I don't.
No, I don't. So Macallan 18. And the commercial was so happy. It was so happy that people were so happy. Well, of course. I mean, how many shots of Macallan 18 do they have? But they were so happy. And then I started thinking about marketing with things like alcohol.
How do you know that's been aged 18 years?
You know, I remember my father was somewhat of a wine connoisseur, or at least, you know, he purported to be. And he said something one time as he was drinking wine from Trader Joe's that he called Two Buck Chuck. Now, it's probably six Buck Chuck. But anyway, he was like, you know, when you have company over, you have to buy different wine. When you're. You're having wine at home, you. You pretty much buy whatever's very inexpensive and tastes okay. So, Anthony, my question for you is, how do you know that. That Macallan isn't only age 17 years and they're charging you more money?
It's just when you see food commercials, I guess I'm on this.
Sam said you need to ask the McAllen for its ID.
Yeah, that's. So when you see food commercials, have you ever noticed how few people there are that look like me? It's always these young, fit people that are in good shape, you know, scarfing down the Whataburger. Like, why don't they show real people like me that have lost the will to live a long time ago and just went for whatever is closest and cheapest.
Anthony, are you there?
[00:51:27] Speaker B: I mean, not mentally, physically, sure.
[00:51:30] Speaker C: I don't blame you.
[00:51:31] Speaker B: We're gonna talk about whiskey. We could talk about Jim Beam shutting down production.
[00:51:36] Speaker C: Really? I thought the economy was.
[00:51:38] Speaker B: Yeah.
[00:51:39] Speaker C: Why would Jim Beam shut down production?
[00:51:42] Speaker B: I know, I heard. Said something to do with the tariffs and they're going to use the time to essentially rebuild their facilities, but I don't know for sure.
[00:51:53] Speaker C: That's. That's kind of strange.
So. And, you know, not that I want to make this a, you know, year end sad episode, but I mean, a lot of, you know, they're saying how great the economy is, but. Macy's closing 66 stores in 2025.
CVS 270 stores in 2025. Walgreens 333 store. Party City 738 stores.
7 11, 148 stores in 2025 after closing 444 in 24. Kohl's closing 27 stores in 2025. I don't know. I mean, we keep seeing that there's not the greatest news all around us, but here nor there, we today was kind of scattered. I don't feel my usual self when I don't do my normal outline. But without having current events on the top of my mind, it's harder. So let's see here. Sam said it's the weed and whiskey in the weed and whiskey talk in the same episode. Yeah, because it's around the holidays and we think that to get through it with your family, you're going to. You're going to need some help. What was the Christmas vacation thing? How did you get through these Christmases? With a little help from my friend, Jack Daniels.
[00:53:06] Speaker B: Amen.
[00:53:08] Speaker C: Well, I guess we don't have time. I guess I don't get anything else. We take it home. Anthony, what do we do now?
[00:53:16] Speaker B: Yeah, I guess so. I guess that's it for today's episode. If you like what you heard, you have questions on any of the topics today, you can reach out to us@team another money show.com. find us on the web at another money show.com. you can book appointments straight from the website.
Give us a call. 623-523-0444. That number again is 623-523-0444.
We really do appreciate you listening to us. And for those that have reached out, you know. Thank you. So hope you had a Merry Christmas Christmas. And we will. I guess we'll see you again before the New year. Got one more?
[00:53:52] Speaker C: Yes. So Merry Christmas and thank you for being with us. Merry Christmas.
[00:53:57] Speaker A: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Cast 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.
[00:54:33] Speaker B: Have you ever made a dumb financial decision you wish you could take back? Are you worried one wrong move in retirement could wipe away all your years of hard work and savings? What if I told you it doesn't have to be like that? Most companies stopped offering pensions decades ago, but what no one tells you is you can fund pensions yourself.
Give yourself the peace of mind of having income you can never outlive in retirement by adding a pension as a part of your retirement plan. Hi, I'm Anthony Crayle, co host of another money show airing on Saturdays at noon on 960 the patriot and advisor with Rochford and Associates in Sun City. Reach out to us at 623-523-0444. That number again is 623-523-0444. Let us help you plan your lifetime income in retirement today.
[00:55:30] Speaker C: Has listening to the news got you down? Are you unsure how politics, borders, healthcare and our shaky financial ground is going to affect your retirement? I am JR Rachford, host of another money show. Tune in every Saturday at noon on 960 the Patriot to learn how current events can affect your finances and more importantly, learn what you can do about them. Stop investing according to the old outdated rules and start investing for the world around you.
