Episode Transcript
[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 Correjo and JR Rochford.
[00:00:42] Speaker C: Here we are, your hosts, Anthony Correo JR Rochford taking a break from our day to day as financial advisors with Rochford and Associates. Fully independent fourth generation family office veteran. Don't. We are in Sun City, Arizona and we're here to bring you information you may not find on those other financial radio shows. We are where the last thing you need is another money show. But we appreciate you being here. If you missed it last week we had Joe. Jake went on again. This is his second time on the show. We love having him. I know JR's talked about all the AM radio he listens to. We are on AM radio and I do not listen to AM radio. However, I do love Joe Jwin show when I do listen.
So we were gone last week, but we're back. We were in Vegas.
Didn't win big. Maybe Junior did. I don't know. I'm not the gambler. How'd you do?
[00:01:40] Speaker A: Well, I'm here. So that gives you some indication of how big I won.
If it was just Anthony and the one and only Sam Davis today, you know, I would have done better if I would have made at least $43. There's no way I'd be here today. But that did not happen. Actually it did really well. We stayed at a beautiful property place called the Fontainebleau. So and that's my first shout out has to be to forward strategies. So it was a business meeting. I mean we did squeeze in a little bit of downtime for some fun, but we had meetings. But Kelly, Sue, Connor, Paul, I mean it's always great to be with you guys and some of our friends we only see once a year. So we greatly appreciate you. The hotel shout out for the hotel. Beautiful, huge hotel, huge casino. I got to meet Mel Gibson. That was fun. Friday night. It was. The place was a buzz. There was a thing called power slap. If you're, if, if you're familiar With Dana White. You're probably. You've heard of Power Slap.
[00:02:38] Speaker C: I didn't know Mel Gibson, though.
[00:02:41] Speaker A: I met Mel Gibson. He. He was coming out of either Pitbull. There was a pit bull concert, and there was Power Slap, both at the hotel and the table that I was playing at. I was playing pai gow poker. And at the table I was at, here comes Mel Gibson. I'm like, oh, I mean, that guy looks familiar. So I get up and I shake his hand. And I said to him, I said, obviously I like your movies. You know, he's smiling, just nice guy. He's getting older up close. I mean, I like. Dang. But anyway, so I'm like, you know, obviously I like your movies, but I have to tell you something. I'm really. I mean, you, your politics. That's why I'm really, really, really following you. And he just said, thank you. And then. And it was weird because, I don't know. Is he a multimillionaire? Is he a billionaire? I'm not sure what he's worth, but he was like a regular guy. I mean, he. Walking through the casino and I didn't get a picture, which is so dumb usually I. Because I was a little bit starstruck. I'm not going to lie. I mean, I'm not a huge.
[00:03:36] Speaker C: For a picture. He's just a person. Let him be. Let him live his life.
[00:03:39] Speaker A: You can get his picture with him when he comes on the show. Well, that's a good idea because now that we're on a first name basis. Well, I mean, he doesn't know my name, but I know his, so we're halfway there. But I did take a picture as he was walking away. I got a few of them. So that's kind of creepy. But I got a couple of good pictures of him walking away. All right.
[00:03:56] Speaker C: For you?
[00:03:56] Speaker A: Yeah. I mean, it's. It's creepy. I mean, I've met like. I mean, I've met a lot of famous people. I've been on tv, I've been in a movie. I mean, I've. I've done some stuff. So I'm not trying to say I'm a celebrity, but we, you know, we ask you to reach out to us with show ideas. If you need my autograph, there's. There's that too. So I'll add that onto those offerings. So Fontainebleau, I mean, it was amazing, the whole thing with Power Slap, if you at least do a little Internet search. It's the dumbest thing I've Ever heard. But then to all these people were right by my table. They took over the high limit table, games room, and there were hundreds of people. So I got to meet. The actual guy was like shorter than me, the champion of the power slap. And it's like, I don't know, it's just, they're super down to earth and nice. This guy's holding over his shoulder a belt. Like picture one of those UFC belts that says slap on it. And I'm talking to him and, and he's like laughing and I'm like, this guy's face is kind of wonky, a little bit chonky. And I, I felt like if I say the wrong thing right now and this guy slaps me, I'm going to be dead. Like, I realize the impact of. These guys are like really tough mixed martial arts guys, but they're so nice and normal. So anyway, it was weird, but the hotel, unreal. So it was, it was amazing experience. I was going to venture out and go to other hotels and other than going to the stratosphere, we had dinner at the top of the stratosphere, which was pretty cool in and of itself. But I really, I never left. I did well, I hit two royal flushes in two days, so that, that bought me a lot of table time because just those two hands was $10,000. So I mean, if you, if you're winning, it's. It's pretty good, you know. Did I come home with $10,000? Well, no. I mean.
[00:05:47] Speaker C: Conservative financial advisor.
[00:05:51] Speaker A: You know the good thing about a conservative financial advisor? I mean, I also am a human. I don't smoke, I drink socially, but not much. I mean, I'm like, you know, where should my money go? The only thing I don't want it to do is accumulate. So when I die, it goes to you and Jay and Nick. Trying to spend it in casinos as fast as I can.
[00:06:10] Speaker C: I mean, you don't want to throw it into this market that's gone up non stop for the last 20 years. You can do that.
[00:06:17] Speaker A: I want to talk about that. Should we lead off of that? You, you had indicated that you wanted to rant about something to start the show. Is. Is that what it was?
[00:06:24] Speaker C: I'm pissed. Nobody. I. I touched on this couple weeks ago before we left, and nobody's reaching out. You got your Bitcoin 20, 25% off from all time highs. Why are you not asking me about it anymore? Why are you not trying to buy bitcoin? You're buying on sale. Why are we Trying to buy high, sell low. It's what you're going to do with the stock market, too. I'm starting to get calls. I'm assuming Junior's getting calls. I mean, we're probably. Sam Davis is over there getting calls. Oh, my God. The market, the market, the market. It's down. Well, I'm looking at it last month. Market's down eight and a quarter percent. We're recording on the 13th of March.
[00:07:06] Speaker A: Ooh, lucky.
[00:07:08] Speaker C: So is eight percent down a ton. Is that something you should be worried about? No, not at all. That's nothing. Here's the thing. The trajectory of the market going up, the first bubble, the dot com bubble. Right. Was too much. Then we had 2008, which was too much. If you looked at the trajectory of where we've gone up since then, this is significantly too much like if we had those trajectories. You're not seeing 40,000 Dow Jones. You're not. That's not how that works. The gains you've received, if you've actually received them. And I've seen so many portfolios for people's 401ks that haven't even recovered from the one month of losses in 2020. They haven't recovered for one month. It's four years. But the market itself has, like tripled. And why is that? That's because it's four companies. Four, five, six, the magnificent seven companies. So have you put all of your money in those seven companies? The odds are you didn't. You probably diversified because diversification is smart. Is it smart? Yeah, probably. But not in this market, because none of this makes any sense. Sense. So if you are worried about a 5, 6, 7% loss in this one month, everything since Trump has become president, and you're worried, you probably shouldn't be in the market in the first place. Why are you doing that? Why are you worried about such. It's not like it's magic. It's not like the market only goes up and that's how everybody seems to treat it. And. And it drives me absolutely insane. Should you be worried? Absolutely. You should be worried, but you shouldn't be worried because it's down 5% since you're to date or whatever it is. No, there's other things to be worried about. You don't get to control the fluctuation, you don't get to control the volatility. And if you can't stomach 5% when you've gone up for the last two decades, this is not for you. And that is my Rant, I'm done. I'm going home.
[00:09:11] Speaker A: I've been in your life.
[00:09:12] Speaker C: I'm so, I think about this every time I get the phone call and I'm like, you got to be kidding me. Now you're worried now?
[00:09:19] Speaker A: Now, I've been in your life since you were 10 or 11 years of age, I don't know which. You are a young man. This is the very first time I've ever been proud of you. I'm just kidding. I'm just kidding. No, but I mean, this is the JR Rants show. It just became the Anthony Ranch show. And I cannot be happier. You've been in the office seven years. You have the biggest black swan in the history of the country and the world with COVID which by the way, congratulations because three days ago was five year anniversary since it was declared a pandemic. We hit that earlier this week. Five years has gone by and a little sideline. Maybe we'll get to it later if we have time.
The government. The government who's behind the volatility currently of the stock market, which I do want to, I want to piggyback a little bit on your rant, but the government, we have a fractional reserve system for our banking. The government said Covid was an unusual time. So they told the banks you don't have to keep a dime in reserves. They suspended the fractional reserve part of the fractional reserve system. That was five years ago. That was March. Actually it was March 16th. So next week, congratulations on that one. Or Sunday. So the banks have a zero requirement on how much they have to keep in reserves. Keep that in mind because if we have time, I'm going to get to the banks a little bit today and making sure you understand the term bail in, make sure you understand that we've said it for three years on this show. This, this month, by the way, is three years we've had this show. We have told you to make sure you understand the term bail in. We've asked you nicely to go to fdic.gov look up statistics at a glance, go from there to DIF, open up the PDF and look and see that even though you feel warm and fuzzy because you have less than $250,000 in your account, it's got 1.2% covered insurance on it. So sorry, I didn't mean to get in the banks. Let's go back to the stock market. We have been shouting for three years. I've been telling you for seven years you've been in the office You've seen the biggest event in the history of the world, and yet the market only goes up. We have that real steep decline in March of 2020. They called it a V pattern where everything went down for one month. Some of the accounts were down 20, 30% in one month. Then on April 1, which also happens to be April Fool's Day, the market jumped right back. It's just barreled back up. A little bit of roughness in 2022. Not too much in the office seven years, you haven't seen any kind of a noticeable correction. So this is it. Is this the one? Is this going to grow legs? I was in the office in the late 90s. I was there for the tech bubble. I was the airplane hit a building. I was there for 2008. I've seen corrections. I've seen the psychology of investors. What does an investor want? We all want 10 to 20% return on our money with no risk. You know, when we talk about risk tolerance, we have the same little pie charts that all the other advisors have. If you don't know your risk tolerance, we'll help you figure it out. You know what? Don't bother. Let me tell you what your risk tolerance is. If you're listening to the show, and even if you're not, let me explain your risk tolerance. When things are going up for 15 years in a row, I. E. Since March 9th of 2009, you're an 8 to a 10.
[00:12:37] Speaker C: See?
[00:12:38] Speaker A: See where I'm at with that? If you're in the market, mutual funds, ETFs, stocks, bonds. If it's going up, you're an 8 to a 10. You know what happens when it goes down, Anthony? You're finally getting to see this. You're getting phone calls. That makes me tickled pink. You, you know what? When it's going down, all of a sudden all you 8 to attends become a 2 to a 3. So.
[00:12:57] Speaker C: So were you ever an 8 to a 10 then? If you're me personally, I mean, not you, I mean theoretically, people that claim that they want risk, I've never met one.
[00:13:06] Speaker A: I've been in the job.
[00:13:07] Speaker C: It's one thing to say you're an 8 to the 10 because you want to see those gains. But if you're going to freak out, freak out over a 5% loss, then you are not a 8 to 10. You are, you are a tour psychology.
[00:13:19] Speaker A: When you say buy low, sell high, it doesn't exist. That's why people like me and you will always have a job. You know what we bring to people's stomach and discipline. Yes. Our insights on the financial markets and our research and our fiduciary roles and duties. We have a lot of important things that we bring to financial advising. But you know what? You know what we can't do? We can't give people common sense. And don't bring up Dave Ramsey to me, because to buy and hold a good S and P mutual fund and never try to time the market. Give me a break.
[00:13:46] Speaker C: I will say that part I don't necessarily disagree with. And I had a conversation with someone who listens to this show and it's my age, which is still funny to me. But I, I love it. So thank you out there, you know, you're going to know who you are. But he was asking, he's like, I don't, you know, trying to pick these stocks. Like I said, there's seven stocks that have gone up. There's seven that are carrying the market. Did you pick those seven? And especially because it's the same seven that it's been for the last few years, you think at some point it's going to turn around. So how easy is it to justify, well, there's only seven going up. Let's buy those seven. But if there's a turnaround, we know that those seven should be hit the hardest. So because you can't pick when everything is so wild like this, he said, should I just buy an S and P etf? And that's it. And I said, that's not necessarily a bad idea.
[00:14:41] Speaker A: As long as he goes to a low cost like Vanguard. Don't go to an advisor like me. And you don't go to Fidelity, don't go to American funds. Get it at low cost. And if you're truly going to buy and hold, you know my belief, it's on the.
[00:14:53] Speaker C: Let me finish that. Because it is a balancing act. I said that. And the money markets, the money markets are actually paying. And I said, look at your percentages. What are you doing with your percentages? Have a percentage in the money market so that if the S and P does go down, you're buying. You don't want to be the one selling at a loss. You want to be the one buying. Make sure you have cash reserves. So that's the key to that. If you want to have in the s and P500 and it keeps going up for the next few years, take some of those proceeds off the table, it's not going to last for forever. So because you're not going to Be able to pick the exact stocks. You're not going to be able to pick the exact timing. Have this broad market fund sell as it's going up. Keep those cash reserves, especially because we've got decent interest rates now. You can make 4 or 5% in these money markets, but have cash to buy. When things go down. Don't be the one selling, be the one buying. The only way to do that is to have cash. So alternate right now until we can figure out something, you know, we're where things make some sense to start picking individual stocks. That is a very generic plan. That isn't necessarily the, you know, the worst idea. And I. Right, you can't say, you know, it fits for everybody. But this is something, you know, the, the buy and hold story for the S and P fund. I think there's something to that. But you have to have the caveat of having the cash reserves and going back and forth.
[00:16:24] Speaker A: And there's so much more. Let me add on to what you're saying. First of all, you know, I'm a huge believer in diversification and moderation. I'm a believer, I've been saying it for years. Pay down debt. One thing I love about Dave Ramsey with the common sense, pay down debt. The only time you're going to see the inside of a restaurant, if you're working in it. Rice and beans. I hear all this stuff, it's all catchy. But you know what they Paying down debt is a good benchmark. Why are you trying to make money if you're spending 18, 20, 24% on a credit card? What the hell are you doing in the s and P500? Pay down debt first, get down to at least just your mortgage. I'm talking even a car payment. Pay down debt and then you're ready to be an investor. And I like what you're saying, Anthony. Don't be a trader, be an investor. You're never going to be smarter than the market. You're never going to be smarter than Warren Buffett. By the way, Warren Buffett is the heck out of these markets. And he has been, we've been telling you that for a year. We've been telling you there's a 15 year run up. But when you say to people have the money on the side, that's, that's brilliant. You know, where's the money going to come from? If there's opportunities, you have to have it ready. The problem, when you have a 15 year run up in the market, when exactly are you supposed to start selling Buying when what, what the heck. You never should have been in Nvidia. You never, you know, Carvana, we bring all these things. The PE ratios are so, so off. You know, they used to be when I was new in the industry, 6 to 8 was the PE ratio that you looked for that was healthy. The carvana was what, 200 and some thousand, 20,000, 24,000 something in 30, 40, 30, 40. They're all off but in.
[00:18:01] Speaker C: Luckily Tesla's PE ratio is coming back to normal since it's, you know, well.
[00:18:06] Speaker A: You got people fired, dealerships, you got people that are defacing their Teslas. You know, I, I'm not a believer in electric vehicles. I'm just not on board yet. I'm about to be guess like Trump. I'm gonna have a, a string of them delivered to my home in Sun City and pick one after that.
[00:18:22] Speaker C: You're a green hippie now.
[00:18:23] Speaker A: I'm, I'm getting to be a green hippie the more that the hippies are getting greener. So. But I'll tell you what I mean and look at that volatility that Tesla had. Buy low, sell high is a very difficult thing to do. You know, all this stuff going on, you know what it reminds me of? For the last three years we have sprinkled in something we have told you, your brokers, you know, the, the we're about to hear this thing again. I've been warning you, it's coming. You know, it's only a paper loss. If this market keeps, you know, it's volatile again today. By the way, if this is it, if this is going into a good correction, and a good correction needs to be real steep at this point because it's way manipulated, it's a house of cards, it's way over inflated. So we need a good correction. Say they're going to come out, it's only a paper loss. Just don't panic. Your age based, appropriately invested, you spent 15 years with the market that was doing nothing but going up. When was it only a paper gain? When did you tell people, take money out of this and do what Anthony said and put some in cash so you're ready for opportunities. Pay down your mortgage, pay off your car, get rid of your credit card debt, put some money in fixed insurance products. You know, it's insane to me and these advisors, blue suit, white shirt, red tie, highly polished shoes, they have pressure, they have quotas, they have reasons, even if they're really honest people that they have to keep you invested, they have to keep you moving the markets. And you know what, Anthony? Yes, I'm getting calls too. I have one friend that I actually, I play a little cards with. His name is Corey. I won't use his last name. Corey was in the office this week. Thank you so much for sitting down with me. I asked him. He's, he's got a transitional period so he had to do something for. Okay, I said about two weeks ago. I think because the volatility seems to be on the table, you should probably go safe. We, you know, we, I know we talked about what his goals are, his age. I know all that stuff. I didn't give an investment advice, log in and all. And so he went Safe with his 401k on Monday, March 3rd.
So I spoke with him just a day or two ago and he's fairly happy. He's like, I'm glad I'm not having to deal with this stuff. It's like there you go. You actually are employing buy low, sell high the right way. That's pretty rare. So I love to see that.
There's, there's articles coming out.
So here we go. All of the people that for 15 years didn't seem to be worried about the markets. You know, here's one from the 8th of March, the Daily Hodl, one of my favorite publications. 3.
What is this? 1, 234-4678. 9.
Okay, this is 12 zeros. $3.4 trillion. Market meltdown triggers economic alerts from JPMorgan Chase, Morgan Stanley and Goldman Sachs as US banks abruptly change outlook. Says here several Wall street banks, including JPMorgan Chase are abruptly changing their forecasts for the US stock market.
Wait a minute. What, what kind of short term memory do we have? Jamie Demon was saying for the last few years we're going to have an economic. Didn't he say a hurricane or a storm? He was telling you Jamie was selling a bunch of JP Morgan stock. You know, Warren Buffett was selling bank of America and Apple and so forth. So give me a break. This is not new. Let's see here, here, here's these articles.
[00:21:55] Speaker C: Because the market didn't lose 3.4 trillion. It didn't. It's theoretical money. If a stock goes down in price, they take whatever the closing value is and multiply all their shares. That's how they figure out what their market value is. That would mean someone have to buy all of the shares at this price. None of these evaluations are correct. None of them. They're all overflated and moving this 3.4 fake trillion dollars out there. It doesn't affect anybody. Except for using it as an excuse to downsize, to charge more fees, to pretend like it's an issue. None of this is an issue.
[00:22:38] Speaker A: It almost sounds like you're pointing out some manipulation in the markets and that's. Yeah, yeah, they're. They're there.
[00:22:46] Speaker C: I read the theoreticals on how what they present in all of this, like none of it really means anything, but they use it as an excuse, but it's not even really.
It doesn't matter what happens. When it went up that extra 3 trillion, did everybody get raises? Did the economy get better?
[00:23:03] Speaker A: No.
[00:23:03] Speaker C: No, it didn't. They still laid off a ton of people. They're still charging these massive overdraft fees. They didn't. They didn't do anything to help. So what's the benefit of them making all this money?
[00:23:14] Speaker A: It's all Matthew McConaughey. Fuguzi. Fugazi. It's all. There's it's air. It's all air. There's a thing that I read. Shannon put, put out an email this morning. One little line for this I love. I mean, everybody right now is talking about the volatility. It just says the broker made money and the firm made money, and two out of three ain't bad.
Simple thing like that. I read. I'm like, well, yeah, so Ken Fisher. Remember Ken Fisher? When you make money, I make money. So right now, are you waiving all your fees across the board on your portfolios? I'm just curious. If you're a listener, call me or let me know. Let me read something from this article that I think is funny. It reminds me of our loyal listener, Kevin. Kevin, by the way, has been under the weather and I do hope you're feeling better. He. Last weekend he was not feeling well.
Here's something I love. With this in mind, we are changing our view to tactically. The hell does this mean? Bearish. Given the uncertainty, positioning and potential for a negative feedback loop to push people to using the recession playbook, we think the bearish position makes the most sense. Let me break that down for you for a second here before I have my stroke and heart attack at the same time. First of all, Kevin, the reason I thought of you, you introduced me to something called the jargon generator. And if you dig into the jargon generator, it's fascinating. It's when really smart people say all kinds of fancy stuff and it doesn't mean anything, this sentence here, it means nothing. You had a 15 year run up in these Markets and all of a sudden there's a little bit of volatility and you're going to come out and say we smart people think no, you should be cautious, you should shut the, you should shut the heck up. That's what I think. Let's see here. He also believes that I need to calm down. He also believes the stock market will only regain bullish momentum if the US economy begins to show signs of strength. Have we had signs of strength? We're at 34.6 trillion in debt. How much signs of strength have we had in the last 15 year run up when the market went a quadrillion times what it was when I started this job. Gimme a break. One last thing.
Meanwhile, Morgan Stanley. Who's Morgan Stanley? Is she pretty? Morgan Stanley believes that the stock market will see muted gains this year. Andrew Slimmin, the firm's head of Applied Equity Advisors team. He sounds very smart, but he has a blue suit, white shirt, red tie, says stocks have been in a bull market since 2023 leading to concerns that the market may be overvalued. Hey, Slimming Andrew, Andy, if you will call me. I need to talk to you too. I have a question for you. The market's been bullish since 2023. It's been in a bull market since 2023.
It hasn't been in a bull market for all practical purposes since March 10th of 2009.
Come on. Anthony's been in the office, Andy, for seven years and this is the first time he's getting phone calls that people might be, you know, that may. Is this the time that it should go safer? No, no. You should have been dollar cost averaging out of your risk holdings for the last seven years that Anthony's been in the office. Now you should be ready with your cash on the side in case the market gets cut in half. You know, when you look back at the numbers 2008, that, that timeframe, there was a lot of opportunities after that. There were a lot of people made a lot of money out of that. People make money in the housing market when that, when that tanks. So get ready for that too. That, that'll be coming up in the next few years, I think. I think so. This whole thing is so insane. The Teflon Dow is finally, you know, this, this cycle is healthy. You want to hear one more thing? I like that it's going down. I like it because if the market just goes up, sooner or later it's going to crash. You know, markets in other countries over the history of the World have actually gone away. You know, we've said that about fiat currencies. We've said that about world reserve currencies. So just so you know. And our mission on this show for three years now has been we want you proactive, not reactive. We want you.
We want you prepared, not scared. Here's an opportunity. Oh, geez. We need to take a break, don't we? Let's do this. We're going to continue this and then hopefully I'll be able to make myself move on. But Anthony, you started this. Reach out to us 623-523-0444 or email us at team anothermoneyshow.com we will be right back, I promise. Thanks for being here.
[00:27:51] Speaker B: You're listening to another money show.
[00:27:53] Speaker C: Do you think I'm such a fool to believe everything you say is true?
[00:27:59] Speaker B: You're listening to another money show. To learn more and contact Junior and.
[00:28:04] Speaker A: Anthony, visit anothermoneyshow.com welcome back to another money show. Thank you so much for being with us. You know, we appreciate it. We need your help. Three years have come and gone and we need your help help. Please email us team and another money show dot com. Give us a call. 623-523-0444. We want your feedback. We have yesterday we spent a little time talking about whether or not to renew. We renew our show every six months and we have to, in the next few days we have to decide. So if you're listening to this and you enjoy it, please reach out to us and let us know if we should keep going. You know, I mean, it's.
This is the most fun I've ever had in my life being here every week. But it's expensive and we don't know if there's a lot of people listening. So let us know. So, and also our YouTube channel, we, we need your help on the YouTube channel. We're just about to hit 600 subscribers. We're about to hit 200,000 views of our shorts. You like looking at Anthony's shorts and we appreciate that. So make sure you check out YouTube. Another money show. Help us there. Is that enough of a shameless plug? Anthony, should I. Should I continue where we were? I didn't mean to get so passionate, but that was the first time I heard you get passionate, I think.
[00:29:21] Speaker C: Been a while. I don't usually care about a lot of things, but I care now, which is amazing.
[00:29:26] Speaker A: And you care about your industry. So this is good. You know, yesterday we were talking about child trafficking and you Weren't animated at all. Today we're talking about a short term correction in the market. You're a fire, so. And I found a video I want to send you, but I doubt you'll watch it on child trafficking. And it's, it's.
[00:29:44] Speaker C: Why are we talking about child trafficking right now?
[00:29:46] Speaker A: Because it's another money show. This show is not about money. It's about current events and how they're going to affect your future and your finances, your kids and your grandkids. It's an all around show. You want me to tell you a funny story real quick about when I was new in the industry?
[00:29:57] Speaker C: Do it.
[00:29:57] Speaker A: I know it's funny to me, might not be funny to you. I don't know if it's one of those things. You have to be there for it to be funny. But try to picture this. It's the late 90s, I'm new in the industry. So my father is still doing the entire appointment. He really didn't want me to talk when I was brand new. So I'm sitting there. My father was a big believer of going to people's homes. He always called it the kitchen table appointment. He was like, they're more comfortable there. If they need to get a statement, they'll have it right there. I was of the opposite mindset. I was like, it doesn't seem professional. I want them to come to our office. You don't go to your doctor's house. You don't go to your dentist's house. They, you know, you go to their office. And my. So we disagreed on that. We. I used to call the people that went to people's homes trunk slammers. Like if they didn't have an office, they can go to your house and sell you something and slam their trunk and you'll never see them again. Anyway, so back to the story. I'm new. We go to these people's houses, never met them before. It's a, it's an initial consultation. And we're in the kitchen area where the table is. I am sitting with my back against the wall and I'm facing this open area into the living room. My father is with his face toward me, so toward the wall. And then the couple, the man and the woman are on the sides. So as I'm sitting there, I get bored like I usually do, especially if I'm not involved with any of the conversation. And I'm watching a cat. They have a cat who's climbing on the couch and then back on the floor. So after a Little while. And it felt like hours to me, but it was probably only about four or five minutes. The woman gets up from the table. My father's, you know, directly talking to the man. Sounds sexist, but this is what was going on. So the woman gets up and walks into the living room. And I'm not thinking much about it. I'm just still sitting there bored. And she takes out a stepladder, like one of those little two tier stepladders. And she takes. I didn't know what she was doing at the time, but she takes a piece of yarn and she climbs up on the step stool and she ties it to one of the ceiling fan blades. And then she is walking back towards the kitchen, moves the steps. So walking back, flips on a light switch and the fan, which must have been on low, starts turning.
And I'm still just like sitting there. And all sudden this cat goes ape bath. Fill in the animal. You know what? This cat goes nuts, flailing around, trying to catch the string that's going in circles. So I lose it. I'm talking, howling, laughing. And my father is getting angry as all get out. He's like, what are you doing? And I can't talk. I'm laughing so hard I can't talk. The man starts laughing, doesn't know why he's laughing. The woman is just staring at me. Apparently this is like a daily routine with her and her cat. So anyway, had to be there. But watching this cat go nuts over a flying piece of yarn is probably the funniest thing I've seen in my industry.
Okay. Are you glad I, you know, you want to get to know us, right? On a personal level, Anthony said, family owned, fully independent, you know, veteran owned. I want you to know that we have funny stories too, about appointments, so. And I do have one that your mom told me not to. I told your mom the story last night about a appointment we went to where a woman opened the door in a bathrobe. And it wasn't really all the way closed, but it was like a Penthouse Forum thing.
[00:33:18] Speaker C: Was it before you moved to Sun City?
[00:33:20] Speaker A: This. Oh, yeah. This is in the 90s. I mean, I'm new. We're going to people's houses. Before I convinced my dad that it wasn't professional and that he was one of the trunk slammers. No, and it didn't end up like one of those stories. But she let us in her house before she had finished getting ready for the appointment. I'll just say it that way.
And to me, it was like, believe me, I was like, oh, yeah, I know how this goes. I know we close on this deal today. Okay. Yeah. Your mom said don't even bring that up. So back to the world. You know, the economy, the stock market, you know, you say it's unrelated economy.
Maybe now it's going to start to have some parallels. I'm watching this stuff with Tesla. That was some. Some serious volatility. Joanne, you've heard the company. Joanne Fabric. Yep. They're getting ready to file chapter 11 or 7 or whatever it is. Joanne Fabric. That's a pretty staple conservative company. Avon. Avon was a thing when I was a little kid. They used to have little catalogs, and it was mostly women, I guess, they tried to get men. They started having football stuff and cologne. Avon filed for chapter 11.
Here's one that's in your neck of the woods, Sam. This one is the hospital chain also operates Landmark Hospital of Athens, Georgia, and Landmark Hospital of Savannah, Georgia. There's a big healthcare company mostly in the south and the Midwest that's getting ready to go bankrupt. We. We need all the hospitals and the urgent cares and the doctors we get. So. Especially if Canada's going to become our 51st state, they're going to need their. Their socialized medicine down here. So, Sam, you need to stay healthy and keep eating your greens. Okay, do we. Do we chill and move on? Do we get to the articles? What do we do here? Oh, Dickies. Dickey's Barbecue. That's one I read yesterday that bothers me. I don't know if you have those in Atlanta because you have real barbecue there, but we have a thing called Dickey. I shouldn't say that. It's good. They've got an ice cream machine so you can have soft serve when you're done eating your barbecue. But Dickies, yeah, they're. They're in trouble. Southwest Airlines. What was Southwest Airlines slogan? Bags fly free. Remember that? Apparently starting in May, they stopped flying free. You're going to have to be like a premier member or get some.
[00:35:36] Speaker C: Some credit in a trash airline, though. So.
[00:35:39] Speaker A: Wow. If you're listening and you're a executive at Southwest Airlines, those are the comments of Anthony Correo. 9745 West Bell Road. So, yeah, it was a trash. Why would you say that? If you said that about JetBlue? Okay, but Southwest, cattle, Southwest, you have.
[00:35:55] Speaker C: To get in there and fight for your seat and like, I don't know, man. I want to know exactly where I'm sitting. If I'm getting on an airplane?
[00:36:01] Speaker A: Nope. All you gotta do is limp. When you start getting close to your gate, just start limping really bad and then kind of drop down in front of the podium to your knees a little bit and then get back up and say, I don't need a wheelchair, but I do need to get to my seat. All right, so moving on. Facebook. Facebook is reacting to the markets, too. Facebook is having a good time with Doge and Trump. I have a Facebook friend. We're good friends. I've never met the person yet, but we're Facebook friends, so I know we're pretty close. And it's funny because I read this post a couple days ago, and it talked about the market volatility. And it's like, we moved on from the price of eggs to the stock market. And it's like, see, Trump is going to crush the economy. And I just. I read this and I'm like, when did you become a financial and a political mastermind? I'm like, were you about to come around and like Trump, but Now that your 401k shrunk by, like, you know, a percent and a third, now you're going to hate him? I don't know. Facebook. I love Facebook because I think it's a barometer for our country. I think it is a good thing to watch. I think the memes have become, you know, the. Especially the conservative side of the aisle. It's become part of their news. You know, you see a meme and then you dig into it, you're like, oh, yeah, that's really going on. So. But Facebook is such a train wreck. So, anyway, so I did make a couple of comments to this person about how smart they were, and then they unfriended me. So my very good friend and I are no longer friends, which is sad.
Should we get to the gorilla in the room? Today, as Anthony mentioned, is the 13th of March a shutdown?
Anthony, how many debt ceilings have we hit in the seven years you've been in the office? How many government shutdowns?
[00:37:39] Speaker C: We've got a ceiling. There's never. There's no if. You're just gonna constantly raise it. Like, there's. Why, why, why even pretend like you have rules if you're just going to change them anytime you're about to finish the game?
[00:37:53] Speaker A: Exactly.
People are used to it. They like it. Let me read a couple things about it, and then I'll give you my thoughts. And by the way, if you're an early riser and you already know that another money show is On Saturdays at five in the morning, the debt ceiling. If we don't pass a continuing resolution, nothing will happen.
[00:38:13] Speaker C: Just like every other time nothing happened.
[00:38:15] Speaker A: Anthony, you are such a curmudgeon. May I use the word curmudgeon for you today? Because the way you're so. No. At 12:01 on Saturday morning, the government is going to shut down. Let me. It's funny you say it won't matter because the first of three articles I printed on the matter, this one is from the 10th of March from msn.com it says right here the lead off why it matters. A shutdown could impact millions of Americans. Federal workers would be furloughed and not receive pay while non essential government functions. Is there really an essential government function, by the way, just sideline for my. So while non essential government functions would be put on pause if passed the cr, I believe that's the continuing resolution I just spoke of. Would fund the government through September 30th. Here we go again. September 30th without requiring new appropriations legislation. Oh, I almost had to get out the jargon generator, Kevin. Congress must pass it by March 14 to avoid a shutdown, which would be the first of President Trump's term. The House of Representatives found itself in a similar position in December. December wasn't all that long ago, was it, when it passed the CR extending. Funny, funny. That is funny. Extending funding through Friday. Republicans have a majority in the House, but struggled to pass an initial CR amid criticism from Elon Musk. A scaled down version was eventually submitted early on December 21, hours after the funding deadline expired. So, okay, so this. You're right, Anthony. It happens over and over. One reason that I do want to talk about it a. It's, it's. I mean, every time it comes up, we need to talk about it. We are financial guys, even though I don't know if this is a financial show. So here's something that affects me personally and my little brain.
The military. I have a son named Nick. I don't know if Nick listens to this. Maybe he does because he corrected me one time and said stop calling him Nicholas, which I don't know. I didn't think that was. I like the name Nicholas. So the military would remain on duty without pay until the shutdown was over. How government? If you're listening, Elon Don Besant. Besant. However you say if you guys are listening to another money show either at 5 o'clock in the morning or at noon On Saturday at 9:60, how can you do this? You know, the military, these people are barely getting by. Anthony, do you remember about two years ago we brought an article about how a big chunk of the military has to get food stamps to get by. They're not exactly overpaid. Yes, if you're a full bird colonel, you are. If you're a sergeant in the United States Air Force or Army or whatever. Yeah. Give them their paycheck. You know, I. Not that park rangers aren't important, but the military. My son is in Japan right now. I think the last thing he needs to worry about is if he's going to get his bi weekly paycheck. Is it bi weekly or bi monthly? So you know, we. And by the way, we had millions. Billion. We had billions. Billions with a B of dollars for Ukraine. But my son Nick may not get a paycheck in a couple weeks. Come on, give me a break. So I don't know. For some of the people, I think it's important. I did find one article actually. It's from a daily email I started getting. I didn't sign up for it, so I'm not sure how I got this, but it's been interesting so far. I opened one just to see what it was. I opened it to opt out and then it was interesting. It's called the Untamed Truth. This one is on the 11th. I got this on the 11th of March. I'll just read a hair of this because this is a little bit different of an angle on it. A shutdown isn't a loss for the GOP or DOGE if it occurs, non essential operations cease, workers are furloughed and the focus shifts to what's indispensable. Every halted service becomes evidence equipping DOGE to cut deeper the GOP gains. Either way, keep the government open and they've secured a triumph. Let it shut down and they've got a guide to eliminate waste. It's a strategic advantage cloaked as chaos. I've never thought about it in that term, but this is wonderful. Couple more lines here. The American people though, deserve more than this standoff. Public sentiment strongly favors keeping the government operational. Stability trumps political maneuvering. Congress must hear this, pass the bill and deliver results. If Democrats block it, they've not there. They're not just sparking a shutdown. They're giving Republicans a list of who's expendable. Every subsequent cut will tie back to their resistance. Proving it was about guarding excess, not serving constituents. This isn't about picking teams, it's about outcomes. Keeping the Government open benefits, all workers get paid, services endure. And Doge gets a shot to refine its approach. But if the Democrats forces closure, we'll see who's vital and who isn't. Congress, take heed. The people want action, not deadlock. Approve the bill today or face the consequences tomorrow. Well, that's part of the problem. I don't think they ever face any consequences. So I think you're definitely right on that one. Anthony, do you want to know part of why I'm just. I've said it. Every shutdown we've brought to you over the last three years and in my entire career. Shut it down. Shut it down and rebuild it. If you have a toaster and it's not toasting your toast, you have two options. You fix it or you throw it away and buy a new one. Apparently for the last, I don't know, 50 years, you know, that I kind of been old enough to see this country, it's getting more and more broken and we ain't fixing it. This stuff with Doge, this is the first time there's an attempt at fixing things. Bring it on. I mean, we either throw away the government or we fix it. So I don't know. I've always believed we shut it down and see what to do. Here's an article from zero hedge. On 26 February, USAID sent millions to Ukraine in secret slush funds. Investigators found. This is why I want the government to shut down. This is why I want DOGE to keep going until they get to the bottom of some of this. So I'll read a hair of this. U.S. agency for International Development Theo of USAID officials repeatedly refused to allow investigators working for Senate Doge Caucus Excuse me, Chairman, Senator Joni Ernst to examine documents related to the US Tax dollars allegedly intended to help Ukraine combat the Russian invasion. Investigators told the Epoch Times, you work for us. There should be transparency. If it's the tax dollars, we should be able to know where they're spent. Continuing on. When the investigators were finally allowed to view the documents, it was under surveillance in a highly secure room at USAID headquarters, even though nothing USAID shared was was classified, said the investigators, who asked not to be named. We need to name you if you're on the public dime for your payroll. During their investigation, the Iowa Republican sleuths found millions of dollars of USAID programs in secret slush funds being used to funnel millions of US taxpayer dollars into Ukraine for questionable purposes unrelated to our own national interests, they said. Funds allegedly intended to alleviate economic Distress in the war torn nation was spent on. Here we go. This is kind of like the stuff we bring around Christmas, the festives report, such as sending Ukrainian models and by the way, some of those Ukrainian models, those women are hot. So sending Ukrainian models and designers on junkets to New York City, London Fashion Week, Paris Fashion Week and South by Southwest in Austin, Texas, they said. Let's see here. Among the secret slush funds was one providing $114,000 to fund the purchase of a premium limited edition furniture line. Another 91,000 used to finance a trade mission for a Scandinavian style furniture line. Other USAID funding uncovered. The investigators included. 148,000 for a. Can't make this up, kids. I'm reading this right from the article A pickle maker.
What the hell is a pickle maker? You can't make pickles. Only God can make a pickle. This is insane. So let's see here. 255,000 to a producer of organic tea and coffee. 104,000 for an artisanal fruit fruit tea company. 89,000 to support a Ukrainian vineyard.
300,000 each to a dog collar manufacturer and a company selling a pet tracking application. 161,000 for a purveyor of contemporary knitwear. 126 for a photographer for fashion design. Should I keep going? 84,000 for luxury bridal something. This is the dumbest stuff I've ever heard in my life. The country needs to reset, so. And we're finally getting it. And half the country's going nuts. They're all upset about it. They're like a cat chasing a piece of yarn and I'm tired of it. This is our money. Let's get to the bottom of it. I need to calm down because you know what? I make jokes about strokes and heart attacks, but if it's going to happen, it might be today. Because, Anthony, you really got the show started and I'm running with it. Let's do a little quick shout out to Art. We've got a listener. This is totally switching gears, but I am really trying to calm myself down right now. We have a loyal listener named Art in the East Valley. Thank you so much, Art, for listening and thank you even more for giving a show ideas. We had talked a couple years ago, maybe, I don't know, a year, year and a half ago, Art told us about a senior property valuation protection thing through the county. He's in Pinal county, but I'm sure Maricopa county has the same thing. And it's basically where if you are 65 or older, one of you that live in the home, you can freeze your property. Let's see here, it says here.
[00:48:45] Speaker C: So you can freeze the property value so your taxes less chance of increase.
[00:48:51] Speaker A: Yes. And if you're on a fixed income, if you're 65 and you had limited assets or a fixed income or any of that stuff, this is good. And it's huge. And I've been in the industry for almost 30 years and I never knew about it until Art brought it to our attention. So I love this. And you know what? We have people, we're not a big firm that pays money for demographics, lists of just attorneys and medical doctors. We help people that need help. We have people on a true fixed income. They literally are living on Social Security or a small pension or whatever. And we have people that are very wealthy and everywhere in between. So sometimes we think the people that have less assets need more help. So this is one way we can help them. The only thing that scares me, I read something on here that scared me a little bit.
Let's see, it says the freeze applies only to the limited property value of your property and remain frozen even in the event of a declining real estate market. That part scares me because if you submit this application right now, it's a three year freeze. So if you submitted this for the last 20 years, generally this would help you because property values have been doing pretty much nothing but going up. And Yes, I remember 2008, 9. I remember the rough times, but since then it's just going up. But right now, you know, these interest rates at 6 to 7%, these home values of 40% higher than they were before. COVID it's almost a chance that now you don't want to fill this out for a little while because it's almost more likely over the next three years that the housing, the prices are going to go down. You know, we're not even going to have time today to get into tariffs and all that In Canada, by the way, Europe, you're going to tax whiskey coming to this country.
I heard our president smacked your little hand this morning, said we're going to put a 200% tariff on champagne and wine coming from your country so that, you know, you guys might think Trump is bluffing and you're going to, you know, show us that you're not going to stand for it. I don't think he is. When we watched Mexico and Canada, they already got down on their knee. You know, Canada was going to, you know, put a tariff 25% on power going into Michigan and then they were going to cut off power. Perhaps that's already over anyway. So this property freeze, if you want to know about it, please do call us and we will give you an idea, a little more idea about it. But if you're on a fixed income or if you think this would help you to have less cost outlay, it's a good thing to know about it at least. And then you decide if you want to do it. So last night was Wednesday while my sweet, dear wife Sandy was watching the Masked Singer. Have I ever mentioned the Masked Singer on the show? That is the most evil. It's syrupy cotton candy flush. Oh, I just, I. I don't know why it rubs me the wrong way so much.
[00:51:37] Speaker C: Because you hate people being happy and having freedom. You hate all the stuff that this country stands for.
[00:51:42] Speaker A: I do. I think you finally got to the root of JR and I called you a curmudgeon earlier. No, it's just I really try to like it. I don't mind American Idol. I've seen some of the other reality shows and I'm like, yeah, it's not my thing. I mean, I am a little news sponge. So, you know, you know what I was doing last night? I was sitting at the kitchen table while I could hear Flavor Flav not kidding, Flava Flav was on the show last night and they were talking about what an icon and a megastar. And I heard some of the words and I was like, really? You know, a lot of the country has no idea who that is, you know, with his big clock and his silliness. But anyway, I was sitting at the table speaking of Art giving us information from the East Valley, reading a report that he sent us called the Schwartz Report. And I was reading about the Cloud Piven strategy. I had heard of this before in the past. I was vaguely familiar. But this article that Art sent is really, really good. And I won't get into it here on the show today, but if you're resting and you're like me, a little sponge, look up cloud Piven strategy. I guess I will just read enough to wet your whistle here. The cloud pivot strategy was conceived in 1966 by communist socialists Richard Cloward and Francis Fox Piven. Both Clower and Piven were employed by Columbia University. It says in parentheses, Obama's alma mater. But I'm not sure if that's true because nobody knows him there as professors at the time. The original Clower Piven strategy aimed to overload the welfare system, leading to its collapse and systematic change that could then be implemented the introduction of universal basic income. Today we can see the strategy being played out on a national, regional and local level through mass illegal immigration, fraud and other means. The core principle of the Cloud Piven strategy is to create societal crisis and use it as leverage for communist reforms. Although the theory focused on welfare, it's increasingly evident that these principles have been applied in other systems, including criminal justice. Cloward is now dead, but Piven is alive, continuing to spew communist propaganda. I'll leave it there, but dig into it because it's fascinating, psychological and it really does apply to today. If we didn't have a regime change politically, I think we were going towards Cowboy. We're almost out of time, aren't we?
I have seven more articles Sam, do you think we could extend the show today by 34 to 37 minutes?
You're not nodding the right way. Boy, today was fun if it was like drinking water from a fire hose. We miss you Roger.
Go ahead and listen to us again. You can hear us 5:00 in the morning on Saturday and at noon on Saturday. And Anthony, where else can they find us?
[00:54:38] Speaker C: Wherever you like. And subscribe to podcasts. Check us out on YouTube.
I think our Even our website anothermoneyshow.com you can book appointments with us. There's a little contact sheet there and I'm fairly positive you can listen to old episodes there as well. So check out the website anothermoneyshow.com if you want to just reach out to us directly you can email us@team anothermoneyshow.com Again Saturdays at noon. Also 5am at on Saturdays as well. For re air I guess the first air. All the air. Breathe all the air. Listen to all of the Another Money show episodes. We'll see you next Saturday right here on 960.
[00:55:19] Speaker B: The Patriot 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 offer through Brookstone Capital Management LLC, 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.
