Will Conflict in the Middle East Impact Your Retirement?

[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy. [00:00:18] Speaker B: This is another Money Show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correio and JR Rochford. [00:00:42] Speaker C: Here we are, your hosts Anthony Correo and JR Rauch for taking a break from our day to day as financial advisors with Rochford and associates of fully independent fourth generation family office to bring you news 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. And J.R. waited until I was starting my speech to take a big drink and then linger. You ready now? [00:01:10] Speaker A: I'm ready. So let's start out. We have the one and only Sam Davis back today. Thank you Sam for being here last week. We want to shout out to Matt. He was great. Matt is, you know, he's not used to us, so it's probably like weird to him whenever he's here. You know, he does normal financial shows. So to babysit us, it's got to be kind of a trip for him. But you know, welcome to another money is the 26th of June as we record. Thank you as always for being with us. I do have another couple shout outs. We had a radio listener, his name is Bill from the other side of town. Anyway, we just, we, Bill came over to see us this week and it makes us so honored that there's people that hear our show and are still willing to come into our office. It's like once you've heard the show more than once and you come into our office, it becomes on you what, what happens there. I'm just kidding. But anyway, Bill, thank you for making the trek across town and coming to see us because it's greatly appreciated. Another radio listener. We had a new radio. Apparently I can't say this person's name either. We had a new, a new radio show listener come in just from Phoenix, so not quite the, the distance, but it was a lovely chat. We sat, actually it was, it was quite a while. We sat for about two hours and got to know each other. So if you're listening to us. And you think you could use a second opinion on your financial planning or your financial products. If you just want to meet us and see if we're really like this in person, that'd be great. I do realize that on the radio each week I talk very fast. I talk so fast. I listen to the show every Saturday along with you all. And I know how fast to talk. You know why? I only have one hour to cover what takes me about 10 hours each week to gather. So I have so much to bring you every week. You know, today will be no exception. And I try to condense it into one hour. But I do promise you, when you come in the office, we. It's different. I. We slow down. You have both Anthony and me. So if you want big picture and storytelling and conceptual planning, that's more on my side. If you want more, get in, get out, get more details, go over your statements, that's a little bit more on Anthony side. But I do want you to know, I mean, this fast and furious pace that you hear on Saturdays, that's not what it is like in the office. Unless you want it to be. And then I can get really crazy there too. One other thing, if it's like drinking from a fire hose and it's too much when you hear this on the weekends, you know, they were twice on Saturday. We're on at 5 o' clock in the morning and at noon. So all you have to do is get up earlier on Saturdays and you can hear it and then you can take a nap and then you can hear it again at noon and absorb it. We are also on podcasts, you know, anywhere, Google, Amazon, Spotify, wherever you hear podcasts, you can find us. They can send you alerts, whatnot. If you are like some of the clients that come in that don't do podcasts. We had a young lady in this week, and I won't say her name either, but we had a young lady come in who's actually a neighbor of mine and a radio show listener. She, Anthony pointed out to her, just go to our website, go to anothermoneyshow.com and all of our episodes are right there. So there's a lot of ways to find us. And today, as I said, we have a lot to get to. So let's, let's jump into it. Do you remember the Saturday Night Live skit, Debbie Downer? Do you remember that? [00:04:36] Speaker C: Yeah. [00:04:36] Speaker A: See, it was wah, wah, wah. No matter what was going on, no matter how much the happy news. [00:04:42] Speaker C: Rachel. Rachelle. Oh, my God, what was her name? [00:04:44] Speaker A: Dratch. Rachel Dratch. [00:04:46] Speaker C: Yeah, yeah, yeah. I love. [00:04:48] Speaker A: Oh, such a good skit. It always seems like that's me every week. Anthony, you're always like, you know, uplifting and positive. You know, we've already had a civil war, don't worry about another one. And I'm always like, so this week will be no exception. As I was doing my preparation for the show, I found something I had heard from an inside source. Yes, we have inside sources here. Another money show. We're no rinky dink show. So I heard that North Korea was becoming active again, you know, right around the time that the Iran situation was heating up. And it was funny because I wanted to have an article ready for today. I spent quite a while looking for articles on what exactly North Korea was sending, how many, that sort of thing. I was told 12 different ballistic missiles were shot. And it's really, it's kind of avoided the news. I wound up finding one article on it and the article said 10 of the missiles actually. Let me share it with you real quick while I'm on it. It's from the Economic Times. The economic times on 19 June. Says here, North Korea fire. Okay, okay, I stand corrected. North Korea fired more than 10 multiple launched rockets on Thursday morning from Sunan, near the capital of Pyongyang. Pyongyang. I don't speak Korean very well. Pyongyang in a northwesterly direction. South Korea's military said it did not immediately provide other details. The weapons used by North's military are typically categorized as short range ballistic missiles by South Korea. North Korea is banned by UN secret Security Council resolutions from using ballistic missile missiles. So they're not supposed to be doing this. They're, they're banned from doing it, but they're doing it. My concern with North Korea, they are another one of the, the nuclear armed nations. So if things do get heated geopolitically, North Korea could actually join in the fray. So I do keep an eye on them. I think it's probably smart to do so. The other thing about this with North Korea, a lot of people don't know this, but if you dig into it, I think you'll find proof of this. North Korea has satellites positioned over the United States of America. So if we got into a situation where we're spread too thin, let's just say we're kind of trying to be a proxy to the war in Ukraine and Russia and we're trying to be a proxy to Israel versus Palestine, Hamas, that area and then we get involved with Iran directly. If we're spread kind of thin, you know, North Korea could take advantage of us by, you know, EMP or a high altitude emp. So it does bother me. I keep an eye on it if, if it seems like it's imminent, hopefully you will have some warning and you'll be able to get under your desk if you're in school or at least out in the hallway if you're at home. So North Korea, that was one thing Debbie Downer found this week. I do have some really good news again. Today's the 26th. The stock market. You know, on Saturday, when I watched, when I heard that we, not Israel, we were actively sending B2 bombers over to that country, I thought, oh my gosh, you know, this is finally it on Monday. It's going to be like, what happened on 9 11? Like the market's gonna close the next day. I actually figured maybe the financial markets will shut down for a brief period of time starting on Monday morning. No, no, no. Market was up. Market's up today. Right before recording, I saw the Dow was up like 300 points. It's insane to me. And part of it, you know, we talked about it last week. The Tina trade. I love that. By the way, Tina, standing for there is no alternative, really. I mean, if you're trying to make money and you're not just a gold bug or a crypto bug or whatever, the stock market is the go to and the Dow Jones Industrial Average, I always make fun of it, calling the Teflon Dow because it just. We can't bring it down. It's insane. We are. I mean, I think we're in World War 3. Once you're proxy Ukraine, proxy Israel, you're actually in Iran. How is that not World War Three? We're around the world, so. But anyway, there's people saying if we go into World War Three, you know, even that, even the fear of that can't stop this market. It doesn't make sense to me. The Dow Jones Industrial average is only 30 companies. And when one underperforms to their satisfaction, they remove it and put another one in. Last year we told you they took out Walgreens and put in Amazon. So I would call it a rigged game, but here, nor there, it's insane. The skyrocketing, it's done. One of the things that Anthony's article brought up, I believe it was last week. Every single Friday, there's an influx into the Dow, the S and p, the Russell 2000, your 401k. It's out of your paycheck, pre tax dollars. Your money's going into this ridiculously heavy, bloated animal that is the financial markets. So, you know, it helps prop it up. The other thing that I really, and I've said this for years, if gas prices are going down and my 401k is going up, I don't question it. I don't worry about it. I don't ask why. I'm just happy. It's a way to dumb the country down to a certain extent, I think. But my fear with the markets, there's a lot of manipulation. There's a lot of shenanigans. I saw Nvidia. I've been watching Nvidia, the CEO, what's his name? Wang or Wang or whatever he. This guy. By the way, his net worth, from what I could find poking around is $126 billion. And I know, Anthony, what you're gonna say, that's because of his Nvidia stock. And you are certainly correct, but apparently this week he sold $15 million of Nvidia stock. Nvidia, that's the golden boy of the S and P. That's one of the ones that's floating, the S and P. You know, a handful of stocks are carrying the 500. So as I read further, apparently this 15 million, because, you know, we've already told you, Warren Buffett sold Coca Cola and IBM and bank of America, Jamie Dimon has sold JP Morgan Chase stock. I mean, a lot of the big dogs are out. So now Nvidia, this guy's getting out. So as I read further, so if you're still wondering if you should be watching your statements or watching your portfolio, watching your old 401k that just sits there, I would say, I think we're still in for some market volatility. Again, reach out to us. Let us be a second opinion. Let us show you how to watch this stuff. Let us watch it for you. Whatever you need, we are here for you. Anyway, so I just, I'm watching the market this week, and I literally thought maybe we'd have a day or two off of the markets now. Now it's business as usual. The entire world is a cluster. You know what, you know, cluster bomb. I think that's the. It's, it's insane. And the market just doesn't care. So. And you know, financial advisors, I mean, our job historically has been to get money from you to us, right? I mean, what is a financial advisor's job if it's not to get assets moved, you know, from somewhere else, from another brokerage, whatever, to us to manage, and then we have to keep you moving. So a lot of times I make fun of my own industry. When I was new in it and I watched some of the reps around me at the firm I worked at, I was like, you guys are slimy. I mean, you know, I got to be friends with a lot of them. And it was like, it was all about how much commission something paid. It was all about products, not planning, which is the exact opposite of what we pride ourselves on. And it's. I mean, I would watch, I always make fun of the blue suit, which white shirt, red tie, highly polished shoes, but they don't really care about you. They just care that they get your money and then they keep it moving. And I have said over the three years we've had the show, it's like, be ready, because sooner or later, these markets are going to have another 2008 and the advisors are going to come out and they're going to say, don't panic. It's only a paper loss. Make sure you did the right thing. Just hold the course. And it's like, you know, I mean, you know, when things go down, if anything, they'll say, buy the dips. Where have you been advisors for 15 years? When it's peak after peak, the Dow is back up to record territory again. Even though, you know, the LA stuff, I mean, we're on the verge of civil war in this country. The political division, I mean, everything going on, you know, why haven't you told people to capture those gains? Because you don't get your trails on that money, you know, perhaps. And I know there's good and bad people in every industry, every firm, every office. I get that. But I'm just, I'm watching the world in amazement and I'm like, I just really hope that my industry and mass is doing the right thing and telling people the truth, that there's a lot of pitfalls. And, you know, make sure you check in on your portfolio more than usual. Make sure that, you know, what you've bought over the years is still the right thing for you. You know, not just looking at your date of birth, you know, also looking at the world around you. So some more Debbie Downer news for you. New home sales. The numbers came out yesterday. The new home sales for May, the number down 13.7%. I mean, you know, let's say there's a total number of 100% and you're only down 13.7%. That's a fairly small number right now. That is actually huge. So I read, you know, as I was reading about this, the national average now for a new home, national average in the country. So there's a lot of places where homes are more expensive than others. The average is $426,000. That means half of all the homes in this country are more than that. That's great for the affluent communities. That's great for people that moved from California and they went to Arkansas or Tennessee. But for most middle class, that's a tough, that's a tough thing to hear, you know. And by the way, we're still hovering around what, 6.87% on a 30 year fixed mortgage. So this is, I mean I think everything is going to cycle when I don't know, if I had a crystal ball, I would not be here on the radio. I'd be back at the Arizona lottery office again, parked in my reserve spot picking up my winnings. So in other news, I know that the big NATO meeting is this week. Our, our president was over at the big meeting and apparently the what's coming out of it is all of the member states, there are 32 of them. So that the members of NATO, they have to raise what they pay into it for defense up to 5% of GDP. So 5% of their entire country's domestic product has to go into NATO by 2035. So I looked into this a little bit. There's, there's eight that aren't even meeting out of 32. So that's about 25% or a quarter, you know, give or take. There's eight that aren't even at the existing 2%. Packed. It's a pact. It's not a target. It's what they agreed to. And eight of them aren't even at the 2% and they have to boost themselves up to 5%. You know the reason I bring that up a, it's a amazing amount of our GDP. We, if you've been to US debt clock.org lately tipped over 37 trillion. Believe it was last week. So we're in deep trouble. And now we have to start raising what we pay into that big huge organization up to 5% of basically the net worth of our country. So it's just never ending. But wait, Phil Swift, there's more. I don't know if you were watching. I'm just nailing the headlines so I can get to the articles and running through the stuff. Did you watch the mayoral race In New York, either of you. To Anthony, Sam, do you know anything about what's going on in New York? So there is, I'm sure you're going. [00:17:09] Speaker C: To complain about it, whatever it is. [00:17:11] Speaker A: Of course I'm a complain about it. And I don't care if you don't live in New York. So why does it affect me? The changing landscape in this country is shocking. So if you haven't heard of him, you really, no matter who you are listening to us. If you pick one thing out of today's show to dig into, look up Zoran Mamdani. His name is Zoran Momdami. You know the existing mayor, Eric Adams. Not exactly who I would pick to run the city, but I mean it's New York. I mean New York City, it's a kind of a cesspool. No offense if you live there, if you're a listener from New York, no offense, but we have, we have, we have homes in Arizona. You can move out here. So it's shocking to me. This person is a, I mean he's a Muslim, he is a self declared, from what I've been reading, communist. He wants to have state run or city run grocery stores. He wants to defund the police. He's not being shy about his goals for New York. So just be careful because we already have some, we have some representatives that I think not only do they despise this country, from what I can see, they want to do us harm. Well, I mean when you look at, you know, there's a lot of talk of domestic terrorism could happen in this country where they call them sleeper cells. So I don't know. I mean, I just, I'm watching the future for you, Anthony, and you, Sam. And it just, I feel like, you know, that everything I've said on this show for three years, I've never been wrong. I've been early, I'm still early. But I think between the political division, the geopolitics of our current world, the. The future of our systems, like 37 trillion in debt and what's going to happen to our currency, Medicare, Medicaid, Social Security, borders, healthcare, everything is going the wrong way. And this thing in New York shocked me because this guy won. This guy won the basically preliminary, you know, it was. Andrew Como was part of it. He didn't exactly do himself any favors during COVID but Andrew Como was a choice, I think. [00:19:24] Speaker C: So you're a big Como fan. Is that why you're upset about fan at all? [00:19:28] Speaker A: Not a Como fan at all. I just Think that, you know, when, when you watch these big blue cities like LA and New York City, it's going to be problematic for the entire country eventually. So. And one of the people, they don't get elected. That is true. But we'll see what happens. This guy has a very good chance. This Zoran has a good chance of being elected. The other person in the running was Curtis Sliwa. Do you remember that name? He was the guy from the Guardian Angels in New York. So he's, he's on the Republican side of the aisle. I think he's the only one on the Republican side. So he doesn't have a chance in that state or city. But I just, I mean, look into a little bit and see if it concerns you. I'm not going to spend much more time in this. But yes, I'm going to complain and yes, I think our future is more bleak. You know, I always say, how do I see things? I look back 5 years, 10 years, 20 years to see how things were then. I do my best to look forward 5 years, 10 years, 20 years. Do I think things are going to be the same, better or worse? And I'm telling you right now, I've never considered myself a pessimist. I obviously am not an optimist. I consider myself a realist. And realistically speaking, I think at least in the short term, we have some reckoning coming. I do believe long term I am optimistic. Short term I'm pessimist because I have to be. My wife and I have three sons. We have his, hers and ours. So further future. I still try to remain thinking that Anthony, you and Sam will start changing the tides in this country, financially, politically. You'll somehow get away from the two party system. You'll somehow get the government to stop reckless spending and the waste and abuse and fraud. So I don't know. Sam wants to know which son he is. I'm sorry, I have four sons, Sam. I am so sorry. I have four sons. I have Nick, Anthony, Jay and the one and only Sam. And actually, Sam, the reason that I didn't say that because I don't want them jealous. You're my favorite. So if you need money or anything, Sam, just let me know. Moving on, let's go back to the stock market for a second because I just, I'm in such shock that this week the market has, has reached some new levels again. I'm like, what? What on earth is it gonna take? Covid didn't do it. Literally. Bombing Iran didn't do it. And bombing Iran was taking a big chance because Russia has to support Iran. Well, presumably so does China. There were a bunch of planes going from China to Iran. Presumably they still don't know what was on them. So maybe we're not done yet with Iran. Maybe there's a part two coming up this weekend. Who knows. But I just, I really thought that maybe this will change things geopolitically to where the market notices it. Not. Not of course not. So speaking of the market, if you get a chance and you find it as funny as I do, go to the Gateway pundit on it was on June 21st. This is my favorite. This is my favorite article of the day. Such incredible luck. Nancy Pelosi had another amazing year playing the stock market. Bigger returns than major hedge funds. That's Office Nancy. And the picture of her on this article is great. I don't know what she's doing, but yeah, let's see here. You really have to marvel at Nancy Pelosi's amazing ability to pick stocks and investments. There are people who work on Wall street for their entire lives and never see the kinds of returns she seems to enjoy year after year. Sample of the picture of Nancy I hope Shelby works that that picture into our YouTube clip somehow because she's a stunner. That picture might have been from the 70s because she doesn't look like that now. Let's see here. How does she do it? Is it luck? Or has she devised some kind of system for analyzing the market which just so happens to make her filthy rich every single time she makes a trade? Over the last year, Pelosi did better than many major hedge funds. With this kind of financial talent, one has to wonder why she wastes her time with politics. If she went into investments full time, she would probably be a billionaire in a few short years. The New York Post reports Pelosi raked in millions last year and her portfolio of outperformed every large hedge fund with stunning returns. She might be the she Wolf of Wall street, you know. Gateway pundit. Good on you. This article is great. Little bit sarcastic, but great. So her estimated net worth with venture capitalist hubby Paul Pelosi could now top 413 million new financial disclosures showed. The staggering sum is an eye popping jump from 2023 when financial disclosure showed the couple's net worth topping out at a possible 370 million. And I know Anthony, she's a hard worker. She makes like 175 or 225,000 a year. So of course she's going to be Wealthy. She's been in politics forever. I'm pretty sure most people that made a salary of under 250,000 a year, they're not worth 400 in the range of 400 million. They're just not, you know, first of all, you live to what you make. I don't know how many houses Nancy Pelosi has on, how many boats. I don't know. You know, they own a restaurant, they got a winery, they got stuff going on. So. But I think my elected officials, I think my representatives, we need to go back to when the nation was newer. Let's get people that leave their job to go represent me. And they, they do their. Do they do their what, Community server. What do you call it? They do. They represent the country and then they go back to their job. They don't have their own health care system. They don't exempt themselves from the Medicare system and the Social Security system because they have their own. They care about the country. I really, and I don't know, I'm not just picking on Nancy because she's easy. You know, I'm looking at you, too, if you're listening. Chuck Schumer, all of them just different levels of ridiculousness. I don't, I don't like it. Let me read one more thing from here. Her talent for investing is such a mystery. Couple of the, you know, opinions on this. When you have insider knowledge about bills to be passed that affect the economy, decisions on investments and divestments are easy. Another one. She's not only corrupt, crooked politician, benefiting from the rules, laws, regulations, they're all exempted from. Let's see here. And yet nothing happens to her. Rules are for the little people. So. I know, Anthony, we've discussed this before. I've talked about Bernie. I remember when, you know, we talked about feeling the burn and. Let's take a break. Let's take a break. If you'd like to get a hold of us, please reach out 623-523-0444 or email us teamnothermoneyshow.com and please go to our YouTube channel and help us, like, subscribe, share, help us make that bad boy grow. We went over 300,000 views on our shorts. So thank you so much. We'll be right back. [00:26:56] Speaker B: If those other money advisors promise you a boatload of money, check the size of the boat and be sure it's your boat, not theirs. At Rochford and Associates, we know you've worked hard to earn your money, and you've worked even harder to save it. When it comes to wealth management and planning for retirement, JR Rochester Rochford and his team of specialists have been helping individuals, families and business owners find financial freedom at their veteran owned firm for more than 25 years. Give us a call now at 623-523-0444. That's 623-52-30444. Thanks for listening to another money show. If you like what you're hearing, subscribe to our YouTube channel to watch videos from this program and other recent episodes. [00:27:56] Speaker A: Welcome back to Another Money Show. Thank you so much for being with us. As you know, we appreciate it. We are little tiny fish in a big pond and we just were so glad that you're supporting us like you are. So thank you. If you've been listening for any length of time, our motto is we want you proactive, not reactive. We want you prepared, not scared. With that said, I did read. I'm guessing most people have heard this by now because it was at least like a week ago. So apparently over 16 billion records were leaked in an unimaginable major data breach. Sam, Anthony, have you changed all your passwords? [00:28:37] Speaker C: Some of them. [00:28:39] Speaker A: And Anthony, I thought of you because I know that you have told me an easier way for me not to be so frustrated with passwords is to go to like, what is it, Google saves, Whatever they save your passwords. Apparently this breach was Google was part of it. Facebook, Telegram, X. No matter what you did, you were likely to have your passwords breached. You know, there's Only what, like 8 or 9 billion people on the planet? 8 or 9 billion, like that's like, there's not a big difference between 8 and 9 billion. But that's amateur numbers. We deal with trillions here on another money show. So if you haven't heard about it by now, yes, there was a big, a big breach. So you are supposed to kind of watch your stuff. I found one article that summed it up quickly. So I'll just reference a little of this if you want to read it and find it or reach out to us and we'll just send it over to you. It's from the 19th of June. It's from techradar.com let's see here. And by the way, I already read the title. Over 60 billion records leaked in unimaginable major data breach. Here's what we know. Security researchers have reported discovering what could be the mother of all data breaches. A set of 30 databases containing a total of 16 billion records. These records were Most likely generated by various cyber criminals and possibly white hat hackers or researchers using different info stealing malware. A new report from Cyber News claims. The researchers note databases differed in size from smaller ones containing just millions of entries to gigantic ones housing billions of records with accounts from Google, Apple to various VPN services, GitHub, Telegram and more. And of the 30 discovered databases, just one one had been previously reported by the media. A mysterious database with 184 million records. Let's see here. Let's see if it says what to do about it. It is probable that many. What's that? Hope for the best. [00:30:58] Speaker C: Well, yeah, already gone. It's been gone forever almost immediately. Like as soon as you make a new password, it's gone. [00:31:05] Speaker A: Yes. [00:31:05] Speaker C: Just like your money in the bank. [00:31:07] Speaker A: I look at it like, you know, if you've got 16 billion different records that have any identifying information, maybe they won't find yours. [00:31:15] Speaker C: That's a lot of stuff to go. [00:31:16] Speaker A: Right? Right. [00:31:17] Speaker C: Here's the trick. Be poor and then they won't go after you. [00:31:21] Speaker A: Yes, that is. You know, whenever we talk to people when they want to minimize their taxes, we tell them, quit your job, go to work at Walmart. So your W2, $14. You know the minimum wages in Arizona right now, Anthony? I had to look it up the other day. $14.70. Who says that's not a living wage? That's insane good money. Anyway, if you want to lower your taxes, go ahead and quit your job and get a. Get a lesser one. If you don't want to pay taxes on your gains after a 15 year bull run in the financial markets, just wait. When the market gets cut in half, you'll have to pay half the taxes. So we have good news. I am no longer Debbie Downer. I am half full junior now. So let's see here. It is probable that many of the information overlaps, making it virtually impossible to determine exactly how many people were affected. It's also important to Note that some 5.5 billion people have access to the Internet today, meaning that many people have multiple compromised accounts. Let's see here. Yeah, identity theft, you know, da da, da. You know what I mean? Oh, here's where I thought of you, Anthony. And if you save passwords to a Google account, you can use Google's password checkup tool to see if any have been compromised or. Or sign in for one of the best password manager options we rounded up. There is a website. I went on it yesterday because I was poking around. There's a website. Have I been Pond. It's all one word. It's have I been? And then it's pwned is probably the best resource to check to see if your details have been affected. So. And all you do is you go on that website and you put in your, your password and it shows if it's affected. I'm like, so I don't. What, what if I put my password in there and then it steals it? So, and somebody like me who doesn't save all my passwords through Google or whatever, I've got like a bunch of different passwords. I never remember them. I have to reset them. If I don't go into something every week, I have to reset my password a lot. So. And yeah, and I'll move on from this because if you haven't heard of this, it's huge. Biggest, biggest breach ever, apparently. So. But you know what to do. Use different passwords for different accounts. Don't click on links in your emails. You know, if you didn't request it, change your passwords and change them often. Make them complex. I, I don't know. I don't know what else to tell you. But. So, so that, that sucks though, to hear. So speaking of shenanigans, did you know either of you two or if you're listening to us, that the feds spent 40 billion billion on 4.6 million credit cards in fiscal year 2024. So see, it's not just Nancy Pelosi scamming us all. So I found this article, actually, I've been hanging on to this one for a while, just didn't really have time to get to it. It's from total news from February 20, 2025, and it's basically saying the total for 2022 was 32.8 billion, marking a jump of nearly 7 billion in two years. The figures from 2022 were spent on roughly 78 million. I'll stop reading these numbers to you. But what I do want you to know, as of 2023, there were 2.87 million federal employees, including civilian employees, but exclusive, including active duty military and United States Postal Service workers, because they do not have access to any federal credit cards. So just so you know, it's a shame that DOGE is done with their, their digging because our Federal employees spent $40 billion and they've got access to 4.6 million credit cards. So a good lord. I mean, in a way, this country does kind of deserve what's coming its way. It's just, it's so reckless and out of control. And bloated. And so we'll see what happens. And yes, I think how all this ends, we have a housing market cycle. I would say a crash, not, not just a correction. And then houses will be cheap again. Anthony educated me during the break. It is not 426the average house in the country. That's the median. So I guess I confused my average and median. The Median is. Is 499,000. So if you're a numbers person, the average is 499. The median is 426,000 for home in these United States. So pretty pricey either way. I want to get on to an article that Anthony gave me that's pretty interesting here. It's from Yahoo Finance and then the subset to that is money wise. This came out on June 23rd. Rich young Americans are ditching the stock market. So I'll just read a little bit of it. Anthony, I want your take on this if that's okay. It says here the stock market has been long the go to choice for people looking to invest their money. Yeah, no kidding. But that could be about to change as a younger generation with a preference for alternative investments outside of the shaky stock market enters the scene. What shaky? We've been on the radio for three years and the market not only hasn't moved much in the down direction, it's a lot higher than it was three years ago. Now the market's doing fine. Kids over there at Yahoo Finance slash moneywise. Let's see here. According to a recent survey from bank of America, individuals aged 21 to 43, that's pretty young. 21 to 43 with at least 3 million in assets. How the hell are you 21? Hope it's close to the 43 that has that with at least 3 million in assets have only 25% of their portfolio invested in stocks compared to 55% for wealthy investors over 43. This is actually really good for me to read because this means younger people are finding a way around the Teflon Dow and the ridiculous bloated, puffed up, manipulated house of cards Jenga game that we are using. Let's see here. Bank of America survey traded it for crypto. Yes, when I read further I want to see what they're investing in. Let me read them off for you real quick. Real estate has long been considered a solid portfolio hedge as rent and property values tend to increase with inflation. So it's no surprise that high net worth individuals regardless of their age see an opportunity. Amen. I love real estate. It's a hard asset. Yes. You need to be careful when you sell it, when you buy it, everything cycles. Right now is a real crappy time to buy a house. Give it two or three years, then it might be a really good time to buy a house. So real estate, I love that. Here's a thing. Subset to real estate. With a minimum investment of 25,000, investors can buy the US Home Equity Fund, which is basically a pool of investors. I love that. Moving on. Fine art. So a lot of young people are buying fine art. Says here fine art has historically outperformed the S&P 500, with contemporary art achieving an annual return of 11.5% from 1995 to 2023 compared to the S&Ps, 500's 9.6 during that period. But. But art. [00:38:49] Speaker C: Yes, I was gonna say, isn't art historically used for money laundering because it has no value? [00:38:55] Speaker A: Yes, which is why I'm interested in it. [00:38:57] Speaker C: Yeah, perfect. [00:38:59] Speaker A: Yes. [00:39:00] Speaker C: That's what I did kick out of. It's like, oh, you know, you can have art, because art. So wait, wait. You can buy shares in art so you don't get to hang it up on your wall. And that's a genius investment. [00:39:11] Speaker A: And let me read so the people listening to this, because I know you've read the article, but for other people, instead of buying a single painting for millions of dollars, you can now invest in a fractional share of blue chip paintings by renowned artists such as Pablo Picasso, Basquiat, and Banks. Banksy? Never heard of Banksy. So, Anthony, first of all, you don't own it. [00:39:32] Speaker C: Banksy is. [00:39:33] Speaker A: I don't have a clue. I'm not an art guy. I'm more of a short, fat food connoisseur. I can tell you anything you want to know about Chick Fil A, but I can't tell you about Banksy. I've never heard of him. I've heard of Basquiat. I've heard of Pablo Picard Caso. So let's see here. This is. So there is a way to do this. Let's see here. Where is it? Masterworks. Yeah, here it is. You can go to masterworks and put a little bit of money in and get a part of the painting. But yeah, this is kind of like cryptocurrency me. You don't own it. You have to trust that what they put your money into was this artwork. So I. I guess if the returns are good and you get them and you get your money back. Good. Good on you moving on. Private equity 25% of young, wealthy millionaires identified private equity as one of the greatest growth opportunities. The last one. And the granddaddy from here, cryptocurrency. 29% of younger people said that cryptos offer the greatest opportunity for growth, while only 7% of the older group agreed. I'm coming around. I'm thinking, I missed the boat, you know, before. I don't want to do it again. I bought my first, you know, big delve into the cryptocurrencies within the last month. Reach out to me and I'll tell you which one. So rich young Americans also allocated 15% of their port. Oh, that's not that much. 15% of their portfolio crypto compared to 2% of the older generation. So this is wonderful news, Anthony. This means the. Your grandfather's Dow, the stagio Dow Jones Industrial Average. They're finding ways around it, and that actually gives me hope. This is the first. [00:41:08] Speaker C: Does it really, though? Because what were the ways around it? That's why I saw the article. I was like, oh, let's see what they're doing. Okay, so now we're buying fractional pieces of art, buying fractional pieces of collector cars. We're buying fart coin of Coinbase now. And now we're financing. We're buying Shiba Inu. We're buying dogecoin. And now we're all. We're all smart because we're avoiding the stock market. [00:41:33] Speaker A: Now who's Debbie Downer? You know? No, what my thinking is the stock market is a dinosaur. And I agree with you, Anthony. I still. I mean, we went through the NFT phase a few years ago. I'm still very, very, very, very iffy on buying air and calling it fartcoin and me owning it. And that one stinks, by the way. I would never buy that one. But my thinking is they're finding ways around it. And, you know, my modus operandi. Operandi. Operandi. [00:42:01] Speaker C: What they're really doing, finding their way around is they're just opening up accounts, and that's where all their money from. They've trade investing for income. [00:42:11] Speaker A: Only fans. If you're a listener and you have an only fans account, we need to see you in the office. We want to be a second opinion for your finances. You know what my thing is, Anthony? I am a huge proponent. As I was getting to my modus operati, my MO. I believe in diversification and moderation. If somebody does 15% of their net worth and they're wealthy in cryptos, another let's say 5% in fine paintings, another 5% in hard asset lending, another whatever. At least they're finding their way outside the market. So I am optimistic about that. But no, I believe a lot of what they're getting into might be bad for them too. So you know what they should do? You know they should do, they should pay down debt, if they have any. Unless they, they buy, you know, a building to, you know, for passive income and they have debt on purpose. I guess. As long as we're here, let's give you something financial today when I talk about us having options for people that can go next to their stock portfolio, their crypto portfolio. We got something, Anthony, I'm not sure if you saw it yet in our inbox. I believe it was just yesterday. No, it was on the 23rd of June. I won't name the company that sent it to us. Says here five common myths. Debunked. Debunked. What you really need to know about fixed indexed annuities. I bring this up because if I think that it's, it's iffy to buy cryptos or, you know, fractional shares of fine paintings by Banksy and other people, I've never heard of it. You know, if I'm leery of the stock market and I'm leery of having too much in gold and silver, oh, that was another one. They're, they're buying up precious metals, which, that one is a store of value in moderation. Everything. Moderation, diversification, Amen. Buy it all and then hedge your bets in which everyone rises, start taking profits when they rise is probably a good thing to consider. And when they're down, hold them, don't sell when they're down. You know, stuff my grandfather said before we had high frequency trading computers, before we had pot stocks, my grandfather used to say, don't try to be smarter than the system. You know, buy low, sell high is a thing if you have the stomach and discipline for it. So let's go back to our roots, kids. But anyway, you know, one of the things that Anthony is absolutely huge on and I am too. I just, I never did the outward push on talking about it to people like Anthony's done. I used to do a lot of securities, I used to do a lot of diversification in my office. I was a huge believer in asset based and or traditional long term care insurance. You know, I work in Sun City, so there was a reason I used to see the end of people's planning, not just, you know, the accumulation phase. I saw the Distribution phase. And I was like, oh boy. 100% of all women better address their potential need for long term care coverage. Half the men, you know, we die younger to begin with. We die more suddenly with strokes, heart attacks, that sort of thing. Women, you get osteoporosis and arthritis and you know, I mean, you better address that need whether it's self insured or long term care insurance or spend down and get into the altec system. You better have a plan. And then if you don't need the plan, good, you're good, you reevaluate the plan as needed. So anyway, and we are huge, you know, we're the office, you know, Anthony, you're a fiduciary, I'm not. You know, I used to feel like I knew what that meant. But anyway, I mean, you can do securities, you can do fix stuff, you know, you can do different things. We've teamed up with an estate planning attorney. We've tried to be pretty full service. We've always, you know, been honest. We believe in plans over products, we believe in education over sales. So it's worked out nicely. But the big push, if we tell you that there's alternatives to the stock market, one of them are insurance companies. A lot of times people hear the A word. They hear the word annuity and they freak. You know, we've given you annuity 101. We don't do a lot of financial talk on the show because our show is more on current events and how they're likely to affect the future and your finances and your plans. But you know, people, Dave Ramsey and you know, Clark Howard and who else? Susie Orman, all these people don't buy annuities. Well, you know, they, they sell books, they sell their financial, you know, their CDs and their, you know, their workbooks. But I can tell you something. We end, we are not, I want to start with this. We are not a huge fan of variable annuities. We don't know of any that exists right now that we would own ourselves. So that's not something we offer or represent out of our office. But you know, as part of a well rounded portfolio. If you haven't gotten the education you need on fixed annuities, we can help you. And we, we have annuities that work as a lifetime pension, the income you're getting when you draw your own pension. If you're, if the mortality table says you're going to die at 86, but you don't die until you're 103, you keep getting your pension, even when you run out of your portfolio money. Can you do that with a cd, with a stock, with a cryptocurrency? With any other financial vehicle? You cannot. So you need to at least know what they are and see if that's a good fit for part of your portfolio. We can help. So this thing. Five common mis debunked. I want to read them real quick. Fixed index annuities are risky. The fact. That's the myth. The fact. Fixed index annuities are not exposed to direct market losses. Your principle is protected. Even when the market dips, you benefit from growth linked to the market performance with an earnings guarantee of no less than zero. That means you can make money. But if the market was down 20%, you're not going to lose money. That means you can sleep at night knowing your money won't go backward due to market volatility. I love that there was a company in the 90s and the 2000s, you know, that I kind of grew up in the industry with. They used to call their products sleep insurance. Can you still have stocks, banks, all the other stuff? Of course you want to be diversified. You always want to make sure you hedge your bets. But you should have some money that hedges and that balances out your portfolio, perhaps. And that's the sleep insurance. Number two, you can't access your money. Most contracts allow for annual withdrawals up to 10% or more without penalties. Plus many include liquidity features such as guaranteed lifetime withdrawal benefit riders or surrender charge waivers for long term care or terminal illness. Fixed index annuities are retirement tools, not lockboxes. I love that. You know, we had, we had somebody in the office this week that said, what if I die? What if I do this and within a year I'm dead? The money goes to your spouse or your designated beneficiary with no surrender charges. Those are waived on death. I mean, there's a lot to this that people don't understand that I think they should. So number three, returns are too low. I'll tell you what now, this last two years, give or take, has been the best time to look at fixed annuities in the last 20 years. That's what I will say to you. My experience of offering securities over the years. And fixed index annuities. And fixed annuities. Excuse me. This is a really good time. Rates are, rates are really something to look at right now. So number three, returns are too low. While you may not capture all of the market's highs, you also avoid its lows. A trade off many are happy to make for the peace of mind over time. FIAs Fixed index annuities can deliver competitive returns especially compared with other financial products without sacrificing safety. They're too complicated though. Some fix index annuities offer bells and whistles that can add complexity. With the right advisor and product recommendation, fixed index annuities can easily be understood. You know what you're getting. Tax deferred growth, market linked earnings potential and guarantees. Fairly simple. And we can break them down and explain them to you so you understand them. And then if they're a good fit, we can help you with them. If they're not a good fit, we don't try to help you with them. We don't have the pressures and quotas we that a lot of advisors have. Lastly. [00:50:15] Speaker C: Well, you always used to say too when you were joking around is everybody wants 10% returns with no risk and now we finally have caps in the double digit range and nobody's interested. [00:50:27] Speaker A: Anthony, I, I was not joking at all. My experience in almost three decades in this financial services industry, people want 10% return with no risk and full liquidity. That's what people want. Has it existed certain years? Yeah, sure. You know that article I read earlier? So the, the S and P since what 95 has made 9.6% return average. So yeah, I mean they, they. There's always. [00:50:53] Speaker C: Except if you needed your money in 2009 or if you money in March. [00:50:58] Speaker A: Of 2020 that could be a problem. [00:51:00] Speaker C: Then it's a timing game. Oh yeah, of course everything looks good in an average. But what happens when you actually need your funds? [00:51:06] Speaker A: Yeah, what if we have another one year away from retirement? And I'm a huge fan of education over sales. Once you understand what different products are, you can weed out the ones that are not a good fit for you. We can help you do that. So let me read the Last 1. Number 5. Annuities are only for seniors. What do they mean seniors? That's like high school. Oh well. Retirees often use fixed index annuities to provide lifetime income. These products can benefit individuals in their 40s, 50s and 60s who want growth assets safely. The earlier you start, the more you can benefit from tax deferred compounding and income planning. So I guess this went a little more financial than we usually go. But you need to understand these financial markets are at all time high record territory. And if that changes. I didn't say when, I believe it's when, but I'll say if to make sure I cover myself if that changes, we want you to know that we have alternatives for you. We believe in diversification, moderation. So keep us in mind. But I think now with these high rates that we're seeing on. Yes, the CD alternatives and the income that you can never outlive, it's a really good time to see if you agree with Dave Ramsey, Susie Orman, Jim Cramer, Jim Kramer probably hates these too. Well, you know what? So anyway, Anthony, I didn't get to a lot of our articles today, but I think this was fun, right? I mean, I wasn't too negative. [00:52:37] Speaker C: Oh, yeah, no, I had a great time. Look at this face, look at this face of enthusiasm. [00:52:42] Speaker A: Having a ball whenever you're with me. You have a good time though, right, Anthony? I mean, let the missing autos know how much you love me. Today's the day. In case I don't make it through. [00:52:50] Speaker C: The night, I tolerate you as a family member, but as a radio host. [00:52:54] Speaker A: Oh my God, that's awesome to hear. [00:52:56] Speaker C: Who wants to listen to this? [00:52:58] Speaker A: That's awesome to hear. Sam, you. You're my favorite son, I guarantee it. [00:53:03] Speaker C: Yeah, no, I was in a good mood until that and I was like, what, now I've gotta compete with Sam? [00:53:08] Speaker A: There's no competition, Anthony. Don't worry. [00:53:10] Speaker C: Look at that beautiful head of hair. Can't compete with Sam. [00:53:13] Speaker A: Sam's a good looking man. Yeah, no, Sam is my favorite. [00:53:16] Speaker C: Married now. What is he gonna do? [00:53:18] Speaker A: Oh, that's right. So I have basically a daughter in law too. This is cool. Sam, I'm coming to your house for Christmas. Take us out, Anthony. This is a good week. Thanks for being here. [00:53:28] Speaker C: All right, that's it for today's show. If you like what you heard, you have questions on any of the topics today or you want to sit down with us to review your personal financial situation, you can reach [email protected]. find us on the web anothermoney show.com. listen to past episodes on the website. Give us a call. 623-523-04444. That number again, 623-523-0444. There's no minimums, no cost for appointment. Nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday at noon right here at 960. The. [00:54:08] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com Investment advisory services offer through Brookstone Capital Management, LLC. BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used used as an indicator to determine future results. Fixed indexed annuities can help protect your retirement savings against market ups and downs. Nationwide's Peak 10 can help protect against market risk and provide guaranteed income for life. Peak 10 also has an optional rider that offers an immediate 20% bonus based on your principal applied to your age income benefit base. Call us now at 623-523-0444. That's 623-523-0444 to connect with a qualified advisor. Investment advisory services offered through Brookstone Capital Management, llc, a registered investment advisor. Guarantees and protections referenced within are subject to the claims paying ability of Nationwide Life and Annuity Insurance Company. Nationwide Peak 10 is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. Neither Nationwide nor state. Other entities are associated or affiliated with Brookstone Capital Management, LLC. [00:55:35] Speaker A: Got questions? Call Rochford & Associates now at 623-523-0444. That's 623-523-0444.