26 Burst results for "Chris Hill"
Dallas - Collin County judges says there are major discrepancies between county and state COVID-19 numbers
"215 people died Saturday from covert 19. New Zaitsev is breaking it down. Dallas County reports six new deaths and 574 new cases Saturday, plus 862 additional cases from the States backlog Despite the number of cases this past week, Judge play drink and said Saturday. County at one of the lowest reported weeks for death since mid June. Collin County Judge Chris Hill tells News eight he and his staff have suspected for a while that the number of covert 19 cases reported by the state may be inaccurate. We believe that a significant number of the cases that are currently listed as active Are actually recovered. Now States Dashboard, which is put together by the Department of State Health Services show just over 4600 active cases in Collin County staff and Collin County believes it's closer to a 980 cases more than four times less.
July Mailbag with Jason Moser
"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I
Dallas - Collin County man who tested 'presumptive positive' for COVID-19 coronavirus awaiting results
"County officials hope to find out today whether test results confirm the demand from Frisco who'd traveled to California recently does in fact have the corona virus Tolland county health care services and says the man and his family are in isolation at their home after a presumptive positive test for corona virus the first in North Texas Dallas County judge Chris hill as others in the community are also being monitored the number of folks that were monitoring our folks that we suspect have corona virus or even have a reason to suspect that they have gone about iris but they may be are on a contact list from somebody else and so they're just being monitored taking their temperature of those folks don't have flu like symptoms and there's more this man does have a step child who was a student said an elementary school in Frisco Tadlock elementary they're on spring break this week and the district says that crews are following strict guidelines and using hospital grade materials to disinfect the school some parents Gerald here they're telling BC five they're worried about the corona virus but they're glad at the district has been keeping them informed on what to expect at spring break right now also likely were not having too many interactions but you know I do sleepovers and we have friends over all the time and it's concerning you know we may have to put that on pause for a little bit
Mighty Caseys Home Run
"How are you, Chris? I'm not quite as rested. Yeah. I'm not as tan. Thanks for bringing the main weather with you. It is fantastic outside. It is gorgeous out. So and here we are in a window through. I know let's make this quick. We're going to dip into the full mail bag. One company is having trouble finding a CEO. So depending on what your resume looks like we may have a job opening for the dozens of listeners. Let's start with some earnings from Casey's general stores and by earnings I mean blow out earnings starting with the thunder. Are you Chris had really is Casey's general? The stock is up eleven percent attending an all time high. How good was this quarter? It was really it was a really good quarter. I mean sixty eight cents versus fifty one year ago for the quarter five dollars and fifty cents for for, for the year versus three eighty one for a year ago. The stock edgy said up ten percent and all of this came in the environment in which I think the thing that people were surprised about is that it's one of the things that Casey's does one of their big revenue items gasoline sales, and it's been kind of cruddy environment for selling gas right pricing. Hasn't been there spreads haven't been there. So for them to come in with a quarter like this. That means. Their front of store has just performed magnificently. That was the thing I was thinking about when I was taking a quick look at the results, and I just and this is not a apples to apples comparison. But I thought of Costco, because every time Costco reports earnings, you know, the gasoline is part of that question, but it really does seem like Casey's general has. Through no fault of their own invert put pressure on Costco in anyone else who is in that business to basically say, hey, look, you don't have to be victim to the whims of past prices. If you are really getting it done in the front of the store. Do you have you been to a Casey's? I've never been to a case so you know what they're about. Right. So folks here on the east coast probably familiar with wa wa or sheets cases kind of like that. But in the mid west. And so, yeah, maybe they've put Costco under a little bit of pressure, but they're really, really putting pressure under fast food restaurants companies, like McDonald's that have dominated the, you know, the travel food market for for such a long period of time. And I mean there are multiple stores. I mean I would love to be I mean while might be at the top of my list for companies that I would like to invest in that don't exist. But, you know, are there that you can't not the doesn't exist while was a real thing? But. But Casey's is a pretty good alternative. I mean, there's circle K. They're seven eleven even but Casey's may be the one that is most similar to a while her sheets. When you look at the stock hitting all time, high is it pricey because cases general, is one of those stocks that in good times, and bad has never really struck me as being pricey. No, it's okay, it's, it's a little pricey. But given compared to what else is out there in the market. I mean beyond me trading at a price to sales of thirty four I think we're fine with Casey's. I mean Casey's Casey's food margins, the margin of their store spectacular. This is a really really, well run company and it's really taking share from a lot of the quick serve restaurants. The particularly again is we get out into the travel season. You know, over the summer. I you know, I see good things for this company, they're gonna start to run up against some real competition, particularly as they pushed the east, but nine thousand nine hundred stores they know what they're doing. Let's move onto the latest in the US China trade war, and the latest hook from from the Wall Street Journal involves Foxconn which has come out and said, Foxconn is prepared to move apple production out of China. Yeah. And not only are they prepared to they could do it. They feel like they could do it rather quickly with without any disruption. So Foxconn one of really interesting things about this article was that they, they noticed they noted that the company's been public since nineteen ninety one, the actual name of the company is Han. Hi precision. This is the first investor conference, call in meeting that they've ever had the first one. Why do you think they why? Well, part, part of it in one of the reasons that they did this was that the president and founder of FOX cons guy named Terry, go is running for president of Taiwan's. We has to step down. So they're talking about some of the. Some of the issues having to do with, with leadership transition and such things. But they took the opportunity to say, by the way, we had been up in Wisconsin for nothing. We don't have massive facilities in Vietnam in Mexico in Brazil, and even Japan for nothing. We're ready and we've been thinking about this for years as the advantage for manufacturing in China has declined. So in some ways, it's almost, you know, the thing that fascinating to me in this talks about how pragmatic these, you know, the, the Chinese and the Taiwanese are with each other. It seems to be entirely uncontroversial that the potential next president of Taiwan is one of the largest employers in China. I mean, that's not even something that they're really even you know, they're not even really talking about. So. Yeah, I mean, this is, it's just interesting to see the ways in which global trade and global manufa. Lecturing are shifting based upon the potential for a long, protracted trade war. Does that automatically mean that the price of the next generation of iphone is going to be higher as a result? Let's say this act. Opposed to what? That's well, that's fair. Yeah. But, but if you're someone who loves Apple's products and you see this headline, I think it's reasonable to ask the question, wait a minute is stuff going to I? I apple has always had pricing power are gonna have even more now because if they're moving Foxconn is moving production out of China, Maya sumptious is it's going to cost more to build the iphone in Wisconsin than China. Yeah. I don't I actually I don't think so. The iphone and the ipad, particularly the iphone have had such huge margins that the manufacturing component. I mean it's like it's like if you have to spend a little bit more to manufacture pharmaceutical that doesn't really have anything to do with the price that they're able to charge me. They have really, really found a way to find to price it at the point in which, you know, the customers would still consume. So I don't I don't really think that this is an issue for them. I mean it could it could impact margin just a little bit. But that, that margin is already being impacted by by virtue of the fact that these things are being manufactured in China under under a new tariff regime. If you're. Looking for a new job? You might wanna check out the job offerings at Wells Fargo which continue to include the CEO position monster dot com may have this listed Wall Street Journal, reporting that Wells Fargo shocker is having trouble getting some of the top executives in the banking industry, interested in the job at wellsfargo, it's hard not to have just a little bit of shoddy in for about this as poorly as Wells Fargo has behaved over the last several years. Oh, yeah, no, we're definitely going to have a little bit of shot in for, you know, who else is Jamie diamond. Yeah. I like the Jamie diamond last month took a shot at them average, and I'm quoting here, he was at an investor conference and said, it's not responsible for a company just my own view to have a CEO leave with no plan in place. I don't personally understand that these referring, of course, to not just a company but a but a sustained. Important bank. Absolutely. No. Absolutely. And you know, I mean put aside. The issues that they have at the fake credit card accounts, and all of the cultural issues, although that all of those things lead to where they are right now having trouble filling this spot. Yeah. But he's got a point. I mean he shop at he's got a point that, if you're the board of directors and Tim Sloan suddenly, walks out the door. You gotta be ready. It's baffling to me that they didn't have an emergency break glass plan in place. Not saying Tim Sloan was going to leave, but they had no idea what they were going to do. So what they've what they've ended up having to do. They've gone out. They tried to get the CEO of PNC guy named Richard DEM, Jack. They went after Gordon Smith from J P Morgan, they've even gone after a guy name. Richard Davis, who was the former CEO of US Bank or Bank core. Who is now the CEO of the make a wish foundation and all of these people have said, no, we're really not interested because I mean for one thing they had to each watched, you know, when the Senate banking committee, just absolutely torch, Tim, Sloan and said, that's just not worth it. I mean this job really, really must be toxic. And there's fairy little to see in Wells Fargo Fargo's future because of caps, that the Federal Reserve has put on the Bank any type of turnaround in the Bank is years into the future. Well, and if you're Gordon Smith JP Morgan, if Jamie diamond ever decides it's time to ride off into the sunset Gordon. Smith is on the shortlist of internal candidates to replace him. So why would you leave is? And he has he has, I think the number was fifty million dollars in deferred compensation coming to him just remaining where he is which, you know, good for. Him. Would must be nice. So getting him would be quite expensive. And they really this has to be a good hire for for for Wells Fargo. So I can take why they are perhaps going slow. But the fact that they didn't have a plan in places is perhaps unconscionable. And also, perhaps demonstrative of why no one wants the job. Is it a given that it's going to be someone from the banking industry because obviously industry expertise is important, but they still have cultural problems in Wells Fargo. I think I think the answers, it's a fantastic question. I think the answer is. Yes, simply because. Yeah, they have the cultural issues to solve. And maybe that is a higher. But the bigger issue that they have is that the regulators and the Federal Reserve are down their throats, and I don't know that a non banking person would necessarily have the tools in place to be able to navigate those issues are Email addresses, market fully at fool dot com. Got an Email from Andrew who writes, it was great to see and meet many of you at full fest last Friday. Thank you for all that. You do your research inside humor makes investing enjoyable and time efficient. Thank you for that, Andrew. He goes onto right? You've certainly made me smarter happier and richer, as well as annoying. My wife when I walk around the house with headsets on listening to your podcasts. Andrew. We downside. We appreciate. The nice comments there. Don't don't unnecessarily annoy. Mrs just. No. That's, that's a self-inflicted admit it. Yeah. L which, I mean, what did you think we were going to do with? So also, we don't want any residual blowback from Andrews white. If we don't want her being, like, hey, you know, you are making me, certainly less happy. I know that's not good yesterday market fully MAC and Jason Emily talk a little bit about full fest. Our biggest event we've ever had and. One or two things that stand out for you in terms of highlights. Well, I was I had a wonderful conversation with the CEO of upward command named Stefan, casserole and just listening to him, really describe the issues around the, the gig economy around around contractors and how nearly thirty five percent of all Americans do actually have our temporarily employed in some ways a lot of whom were by choice. And I'll be honest, I think about business a lot. And I think about the economy in the way things you know, try. Things are progressing lot. But he brought up some really, really interesting concepts just in terms of the power of the worker now and the fact that perhaps the relationship between employer and employee is breaking down and maybe actually in some ways, it should that was I didn't catch all of your interview with Stefan, I caught the second half of it, it was really great. It was very enjoyable. I just say this every year, about full fest, but it's always so great. Just a meet people talk to people and get a sense of where they are in their investing life. Some people are just starting out. Some people are younger. Some people are older NAN, they're starting to think about their kids and their grandkids and sort of setting, you know, ways to pass on the love of investing for them generations. And, and it was it was just great. I do love both of those constituencies. And you at some point it becomes it becomes so. So fun for us. You know, I, I look forward every time to for example, seeing the Morgan's north family from North Carolina who come to each and every event, and they're, they're just lovely people, and you get a chance to really interact, and they see these things that are meaningful to us, and we'd like for you to do more of and carefully. People say, you know, maybe do a little bit less of this, or a little bit different. And so I can't even you know, I can't even begin to describe how valuable those interactions are for us and I do do love when, when folks bring their you know, their kids, they're, you know, their college age, you know, young adult family members and guests just seeing them begin to understand, because they have the biggest advantage of all, you know, they have all of their earnings potential in front of them, and they have so much time. And it's I mean, it's it is a wonderful that tonight, enjoy each and every year it was great. So thank you to everyone and all the, the listener. Who came up now both of them both. No, no. There were a bunch of because they're a bunch of people come up. And they're like I listen, here's how I listen here's when I listen now, and then there are people who come up to me and say, do you work here? Can you? What time is lunch? Where's the coffee which is a good question for you? Can you introduce me to Andy cross? Bill man. Thanks for being here. Thank you. Chris, as always people on the program may have interest in the stocks. They talked about in the motley fool man formal recommendations for against so buy or sell stocks based, solely on what you hear that's going to do it for this edition of market fluids show is mixed by Dan void. I'm Chris hill. Thanks for listening. We'll see you
Disney Earnings Beat Expectations Due to Parks' Strength
"Begin with better than expected earnings from Disney theme parks once again a highlight. And oh, yeah. Disney. Ceo Bob Iger says that adventures in game will be streaming exclusively on Disney. Plus starting December first Disney plus launching in November. So nice way to kick things off. Yeah. I reckon if I do see vendors and game. That's how I'll see it. But I probably won't see it just because I'm not really L into that universe. I guess related to begin with. But with that said, I mean these injure emails to. There's more HDTV going on and asks include network than the Disney plus at this point, my daughters are a little bit older. Now, as I don't know the Disney holds the same status. But I mean, yeah, you look at the quarter itself it was like the Goldilocks quarter. I mean, there was nothing too terribly. Great nothing, really bad. It was kind of just right down the middle. And I think that's what we were all hoping for me when you when you digest this big acquisition like they're doing you really just want to avoid any major faux pas and they've done that. I think when you look at the major money makers for the company continues to be the media division in the parks division. They saw some some decent operating leverage in parts with sales up there. Five percent but operating come up fifteen percent. So they're doing a good job capitalizing on traffic there. But I think the real stories I mean, avengers, obviously being one of the big headlines in you've touched on that. I think it's more standing when you actually look at the rollout of the films that are coming for the rest of do thousand nineteen. I mean. It would take the entire show to go through the merits of that wind up. But then we also saw the films that they have planned out for. I think something like the next five years in it just borders, the absurd I mean, it's it's hard to believe that anybody will actually be able to get out there and compete with Disney when it comes to this now because they have so much I p in so many films that they're going to roll out. And then of course, the over the top opportunities with ESPN, plus Disney, plus Hulu ESPN plus now has two million plus subs who has I think twenty five million, plus they're forecasting Disney plus to have anywhere between sixty and ninety million by two thousand and twenty four. So they're starting to make the required investments in that product. And I think that consumers will be pleasantly surprised because that's where all of that. Great content is going. I don't know if you saw there was a little headline here earlier that net. Flicks bought some little child's content provider in nothing. Anyone has ever heard of the bottom line is that it was another effort for Netflix to try to develop their own IP? And I think that we're gonna we're gonna see that's very difficult thing to do. So while you know, I hate that term net flicks killer. I mean, I think we're also going to see Netflix facing a lot of challenges in trying to develop their own universe of I p whereas Disney already has that. I think it's so interesting that as analysts we tend to be so bullish on a company like Disney because their intellectual property and their universe of characters and optionality even is so strong yet. We're both so unaware of the avengers is in vendors in game. Is that is that the last one is that why it's doing so? Well, because there's there's gonna be no more vendors after this. I have a hard time believing that they'll just cut the thing off the last of this series. But you've got so many marvel character, right? I mean, that's just it. It's it's the vendors the stretch of movies. I think was something like twenty one movies in all here that just shelled box office receipts in the in in this one was the culmination. I think of a story that was being told, and it's worth noting that when we talk about Disney, plus we're not just talking about movies and legacy content. We're talking about. The potential to take all of these characters and spin them off into their own shows. So well, if Disney plus has a few stranger things or one hundred stays. One. Yes, I know Jason Dodd love stranger things, but you think about the importance of stranger things for net flicks and Disney plus Kennett crank out a few of those e e in their sleep. And I mean that's going to be the difference. Here is that they're going to be able to do this without even really giving it much thought because they already have the property, and you know, Chris hill made a very good point the other day, we were talking back and forth on slack. It's one thing for a company to have that IP. But it's another thing for that company's media division of films to be able to attract such quality directors. And producers in the matter in Disney does that obviously seemingly constantly mean every everything they put out for the most part seems to do really well because they attract a lot of talent on the directing side of the producing side in. I think you'd look at your companies like Netflix that are starting to do that as well. But costs a lot of money to do that in in. We're seeing we're seeing the difference to there in the two businesses. Well, and researching this story. I want to take a trip in the fool way back machine. Zimmer twenty-seventh nine thousand nine hundred ninety six I found this story online. This new story marvel entertainment group publisher of marvel comics today filed for chapter eleven bankruptcy protection in New York. Over the past three years marvel has been bleeding money, thanks to a market decline and comic
Its not an easy business.
"Thanks your to grammar Lee for supporting market. Fully Gramley is a communication tool that helps people improve their writing to be mistake. Free clear effective. You can start writing confidently by going to grammar dot com slash fool and get twenty percents off a grammar Lee premium account today. Monday may six welcome to market fuller. I'm Chris hill. Joining me in studio today, Jason Moser in the house. Thanks for being here. Alot we're going to dip into the full mailbag. Let's start with the Berkshire Hathaway meeting which always gives us a couple of headlines coming out of the meeting have you ever been? I've never made. I have. Yeah. It went. I think he was just once I win in. So of course, when you go with us. I mean, you get to go you have the press badge, and you sit up on the top and you get spoiled with the lunch and everything's easy in. So that was like no way, I'm topping that experience ever. So there's no way I'm going all the way out the Omaha just a wait in line to hear some guy say something I heard him say five years ago. You know, what else you can follow it on Twitter now, it's so robust and in. It's like you're there. I was thinking it's just like I don't watch a lot of baseball anymore. I love the Red Sox. But man, I tell you follow the Red Sox on Twitter, you I mean, they are that that's a. A great baseball Twitter presence right there. So you can do so much. Also, I think Yahoo finance has done. The livestream for people who are looking and watch the video I've talked to other analysts around here. It's like are you going out to along? Like, no, I'm just getting up and watching it in my pajamas really a lot of clips are still floating out there. So it's it's easy go over and over and over again. So let's get to a couple of headlines, and I up his craft Hines which. You know, it's it's impossible to read Warren Buffett's mind. But I'm wondering to what extent if any he's regretting the craft how the participation in the craft highs because Kraft Heinz came out and said that they're going to restate their earnings for twenty sixteen and for 2017 due to misconduct on the part of some employees. They say it's not going to be material. And I'm just going to go ahead. And grant them the benefit of the doubt and say, okay, it's not material. And if you look at the stock it's not falling through the floor. So clearly smarter more invested people literally more invested people than me are taking them at their word. Well, it's not falling through the floor any more. I mean like it's been an awful year date. It's basically been cut in half of horrible, twelve months and has really been a horrible existence ever since the merger in two thousand fifteen. So I mean at some point or another that floor kind of set itself, but you know, I started thinking about this with buffet. And so there was this one point like I dunno years ago where my wife kind of basically called me out on. It's you know, sometimes you as married couples. Do you talk with each other? And sometimes you just sort of the words are just kind of going in one ear and out the other. And and so whenever that would happen with me. And I would say something like, oh how about that? Eventually my wife figured out that how about that meant. Oh, I'm not listening. And so she called me on it. And I so now I can't do that anymore in with buffet. It's starting to feel like whenever he's like, you know, we're just going to give him the benefit of the doubt. It's kind of like he's just those words going in one you're out the because he does the same thing with with Wells Fargo, essentially, he's doing it with craft Hines. He kinda tends to do that. And that's fine. He's got billions doesn't really matter at the end of the day. But I do wonder how much this kind of grinds his gears because it has been obviously an awful existence since the merger. It is a very buffet style investment. I understand his perspective when he was asked about the long term value this company in regard to the brands that's kind of what he fell back on the brands. I don't know that I necessarily. We believe that going forward though, I think those brands are in in a bit of a bind. Red flags. Yes. And having to restate things, perhaps it's nice to see they're actually get out getting out in front of this kind of resolving and all, you know, I I don't know that I'm looking at this as an investment I want to have anything to do with anyway. So let's move away from Kraft Heinz for a second. When you see a company that you own shares of come out and say, hey, we blew the math. We have to go back and restrain like, I is it on a case by case basis because I was I was looking at this and sort of thinking through my own holdings and thinking to myself, you know, what depending on which company I own if they came out and said, oh, we're going to restate two years worth of earnings depending on which stock it is. I'm either rolling with it and saying, okay, you blew it. But it was lower level employees, and you're on topic. Whereas other stocks, I own I would think boy, I don't know this. This is one more check against you. Yeah. I mean, I think it is a case by case basis, but I will say. And we talk about these companies a lot on this show. It feels like for a while. It was Bank of America than it was Wells Fargo. So there are companies that get out there and are really in the spotlight, and they kick get out of their own way. Facebook is another one. I mean, it seems like every week we could just have that one segment of the show where it's like, you know, this week in Facebook screwing up again in so eventually privacy. Right. Eventually you get a little bit tired of it. Right. And so then you have to ask yourself is this really accompany worth owning? I in. I I think that is again, it's a case by case thing when I look at something like a craft Hines. I mean, it just don't see any kind of a competitive advantage there with the business to begin with. So this certainly would not be one of just sort of gloss over. I think it'd be one more reason to probably not want to own a so for this next story that comes out of the annual meeting it's worth remembering that? Last month. Yulon mosque said on Tesla's earnings call that tesla was going to be launching its own insurance product in the month of may and not surprisingly Warren Buffett was asked about that annual meeting and said point blank, it's not an easy business. And you know, there's some people online today said boy, he really called musk out there. I, you know, I don't know that I want to ascribe that to buffet. But she clicked, you know, the most generous interpretation of what Buffett said regarding tesla getting into the insurance business is good luck. But he did go out of his way to say. I'm not worried about them. I'm I'm more, you know, because Berkshire Hathaway owns Geico. I'm not worried about that. I'm worried about progressive. Yeah. Well, I mean, listen, given given EON Musk's track record of behavior. I mean is this really someone you want to be getting your peace of mind from seriously? Like, I mean, you wanna mind sure. From that guy. I don't think so. And I mean, I'm a big fan of you must listen very clear. I support what he's doing. I love is big picture thinking, I'm rooting for the I there are points in time where I feel like maybe he's just you know, that's kind of silly candy. I think that was probably pretty silly. And apparently that candy still coming out insurance pales insurance is hard. That's why we like great reputable insurers that requires a lot of capital. There are a lot of regulations in. It's not easy. I mean, it was it was interesting. I thought when when he was asked about this potential insurance product in he noted that they would be writing these policies based on data. I mean, we'll dumb that's all like all good insurance companies right there policies based on data. Like, there's an entire industry that you know, the actuaries to get out there and figure this risk out based on data. So I mean, I think that when you look at what musk is trying to do with tesla with spa. Sex solar city somewhere in there as well. Yeah. I mean, I is is insurance for this Jews really worth the squeeze. I don't think it is. I love the back and forth. I think you've got yesterday versus tomorrow and in buffet in musk and two guys. I really appreciate in in honestly love as an investor. But there's no question that insurance is a very difficult business to run. I'd have to believe if they were going to be writing insurance product, it would be with another partner that actually dozen sure. And then I would imagine it would be basically just for people who have a tesla. Like if you don't have a tesla. I don't know why you would get insurance from them. But I mean, hey, he says a lot of stuff what about dating app? I feel like you know, owning a tesla. That's a that's a bar to clear socially. And it was like start matching people up. Tesla owners. I think I don't know. I mean. Yeah. And instead of going to be helpful sure instead of swiping left and swiping, right? Like musk. I'm sure would add a dimension. Right. Instead of that. It'd be like swipe diagonally or swipe four D or something of that nature. He's always throwing a bit of a bit of a forward-looking twist on things so Starbucks got a surprising promotional boost this morning Twitter was all a buzz about Sunday night's game of thrones episode that is to be expected because it's the final season of game of thrones. What was not expected is the fact that apparently a Cup of Starbucks Coffee made its way into the episode of game of thrones people were posting video of this and screen caps of this a half to believe there's a production assistant who is in the process of getting fired today for leaving a Cup of Starbucks Coffee on their unless I don't watch game of thrones. Maybe there was a story line about the first Starbucks opening in west rose. I don't know. But but. That's amazing. Because you hear the phrase all the time you can't buy that kind of publicity. And I would say the majority of time someone says you can't buy that kind of publicity if you step back and look at a given situation. No, you really can this is a situation where really Starbucks couldn't have bought this. I yeah, I feel like sometimes there are situations where things like this. Are there not accidents there planned out, but they are made to look like accidents? Now, I'm not I I have HBO. So you think this claimed? Well, no. And that's what I'm saying. I don't think it actually was. I mean thinks in some cases these types of things are it does it does feel like this was genuinely just someone missed this. Now, I don't watch game of thrones. Which is fascinating because I have HBO. And I and I love it for whatever reason just never got into game with bronze. But it strikes me. That of the rabid fan bases out there. Starbucks and game of thrones are two very rabid fan bases to tie these two together. I mean, there is there is some serendipity here that I think is going to work out for both entities. I I don't think there is a downside for either. Now, maybe there is a production assistant out there who's who's out of a job today. I don't know who we just we won't even go there. But I I don't think there's really any downside to something like this happening not for Starbucks product placement has been around for decades. And if they had gone. The idea to go to the producers of gaming throws me. Like, here's ten million dollars. We just want to scar. And of course, the producers would be like, no that doesn't make any sense. But but I mean now all of a sudden, we're thinking, okay. Is there some type of is is there some type of of time-warp here in game of thrones that didn't exist it possibly now. Does is this how they continue to tell that game of thrones story after the end of this. He's who knows. I mean, we as the viewer or potential viewer. And I tell you like I said, I don't watch it. But now I'm feeling like I may want to start because who knows what could develop from this. But I have to believe they're gonna milk it for all. It's worth quick shout out to Gramley for sporting today's episode grammar as a communication tool that helps people improve their writing to be mistake free clear and effective day. Encourage everyone even the best students even the top professionals to use grammer to do their best work and accomplish even more their goals. They help people show their best self through writing. And it's available across platforms, including online. Extension. Desktop editor and mobile keyboard checker, it's available on multiple browsers, chrome, Firefox safari. It's on platforms like I o s Android windows. Mac their free product reviews critical spelling and grammar, but Graham, really premium looks out for spelling grammar, plus structure style within context vocabulary suggestions conciseness readability for different occasions. Whether you're writing a business proposal or an essay for school, whatever it's so easy to use. I've actually been using it and Graham really free is easy to use. But premium just gives you a lot more great suggestions on vocabulary. I have found anyway. So whether you're looking to polish up your resume or just look smarter in your emails at work. Do yourself a favor checkout Gramley, go to grammar Lee dot com slash full and get twenty percents off your grammar Lee premium account today, that's grammar dot com slash fool for twenty percent off
Twitters Pop and Hasbros Buzz
"It's Tuesday, April twenty third on the market fully. I'm Chris hill. Joining me today from 'em funds. Bill Barker, thanks for being here. Thanks for having me. We got a lot going up. We've got some on the ground reporting about Burger King's impossible Walker that they're testing in Saint Louis, we've got consumer products. We've got Toyota earnings. We're gonna start with social media Twitter's first quarter revenue was up twenty percent compared to a year ago. The stock is having a monster day shares of Twitter up sixteen percent was that good. It was a good report. It's a interesting the way they started out there announcement which was to talk about how effective they are at getting the wrong people or the wrong Botts off of their service. You don't normally see the initial quote from the CEO being about we're reducing the bad part of the business. But that is a big part of the questions that would be hang out about them. So before even really getting into the numbers, the narrative was the first thing that management focused on, and you know, market seems to be liking that I think that that's part of it. It's a interesting point because you're right. This is. One of those businesses that for the longest time that it's been a public company. We we have focused on growth, we focused on what are their monthly active users at cetera that sort of thing, but as you said the narrative around, and it's not just Twitter. But I would argue social media in general certainly Facebook being the classic case. Yeah. Part of the narrative for them is okay. Look they've got some bad actors on their if they can clean up this platform, and sort of get rid of the bad actors then. Yeah, it's it's going to be a more valuable business and therefore one worth owning. Yeah. And I think that it has for a long time been a business that people have expected they've got many of the attributes that you would want and they hadn't been monetize ING them as well as the competition, but they have something in. There are extremely effective which is. Product, which is a dicta-. And if you only were to invest in addictive products over the course of your lifetime. You would do very well. Yeah. That's true. I mean, whether it's tobacco for whatever you think about tobacco, and probably you should think the very worst things about it. I apologize to all the smokers out there. But it's an addictive product. And no matter how much we as a society try to educate ourselves about the downside of of that product. It remains extremely extremely good investment. And you know, we've got some the addictive products in front of us right now. Well, yes, editor that much better tobacco. Right. It's coffee, and it's both addictive incredibly healthy an incredibly good for you. Oh, yeah. Yeah. Unlike arguably, social media, that's one of the reasons why it is great. It's not just that coffee is great for you. But that your body created unlike many other things which are great for you. I've heard vegetables this claimed about vegetables, but they are not addictive not really. Somebody needs to work on that getting getting a little bit of addictive, you know, substance individuals all kidding aside. The idea of Jews Inc. I'm kidding. You're kidding. But I. A little frivolous, which is fine because somebody's going to work on this. Well, I was just gonna say it would be interesting to come up with a list like like, forget stock performance just come up with a list of things that are addictive, and then you know, backcheck against the stock performance. And it's like, oh, yeah. That's that's actually social media can be addictive tobacco is addictive. So is coughing, right? And social media, Facebook and Twitter, and and some other things at work on magnifying the addictive properties of of their product. And this is beginning to attract attention and backlash and Twitter. Understandably is starting its quarter by Spicer. We're working on the bad side. They're not addressing the the addiction problem. But they which I guess they probably don't see his problem. But you know, the the downside of the user platform harming other users at at the same time. I don't think that they're pulling back on, you You know. know, the notifications and the things that addict one to social media. No, I don't think they are. But I also think in the case of Twitter, it's it makes inherently good business sense to get rid of, you know, as you said the opening statement from Jack Dorsey to get rid of the bad actors because they're in the business of advertising and the more comfort that advertisers feel spending money on your platform than the more likely. They are to come back and spend more money in the future. So it's a very smart move by them. Yeah. And to go to the actual numbers, which we haven't gotten to yet basically business up about eleven percent year over year and showed that that's at the top line. That's the users and then really they did much better than that. When you get down to the bottom line in terms of the actual profits, which were ahead well beyond that. Let's move onto Hasbro first quarter profit and revenue
"chris hill" Discussed on Motley Fool Money
"Welcome back to motley fool money. I'm Chris hill. Black Friday and cyber Monday are in the rear view mirror. But we've got a lot of days left for holiday shopping. So what is the hot toy for two thousand eighteen to answer that question and more? We turn to a thirty year veteran expert of the toy industry Chris Byrne. Chris welcome back. Thank you. Nice to be with you guys. You're joining us from central park that just sounds like the most wonderful place to be. It's pretty neat. So before we get into the toy industry and some of the big players. Let's get to the toys themselves. What are some of the hot toys this year? Big trends is collectible lower price toys interactive twice. These things called wrap which are like virtual pets. They're sort of plush, flat bracelets, a little with a little creatures on them. Those are doing well something similar called palm is doing very well. But probably the biggest brand in the twenty three right now is something called L. O L surprise some. Collectible dolls and they've taken on boxing craze at the place, you unwrap these things down layer after layer after layer, and you finally get a doll the different prizes along the way. So the opening of the toys as much part of the play as playing with the toy once it's done. I saw an appearance that you did on television from just a week or two ago where you're playing a game that I'd never heard of before. I'm not sure I wanna buy it necessarily. But can you explain to our audience about a game called tic TAC tongue? Pick ax. Is we sit around the table and we put on blizzard face it. I mean, why not right? And it's it's like if if if a mask, if you know the map in built into it is like a birthday party blow or one of those things that you blow on it unravels kind of like, a frog son. So the idea is at preschoolers sit around the day, he will some blow up try to knock over cards and sequence. It's really fun. It's a very creative company called Gelo. I liked it you couch that this is something for preschoolers. It also seems like something that adults are going to be buying as well, certainly. I mean, there's nothing nothing is fun as running around the house with the lizard faith on knowing people. Are there any big trends right now when you look at the state of the toy industry? Well, the the you know games is a big trend. There's a lot of great games out there. There's if things called the yeti set go a lot of skill and Getty, set go you're you're hitting the head of yeti trying to kick plastic meatballs onto a mountain. There's. People peak where you are actually expecting pimples from the face mask. It's high face. So there's a lot of games, and it's kind of like a second golden era of game going back. You know, Marvin glass in the mid sixties with mouse, crazy cloth, all of those a lot of that that as one of the big trends, the other as I mentioned before it's collectibles. There are so many collectibles out there for different kids, boys girls, whomever, everything from the supreme ice to shop get who spot which has great little characters that you can make stop motion movies with so low price point high collectability and a lot of fun. One of the stories. We've talked about on this show. This year is the bankruptcy of toys R us, and sort of the ripple effects of that business disappearing. How is that playing out whether it's for companies Like Mattel and Hasbro to some of the smaller players in the industry as well. Well, it certainly. In a change, and and between has gone through kale changes over the years. But with this one the challenge has been trying to find where's all that inventory? Going to go and WalMart stepped up targets stepped up a lot of manufacturers telling new products or EBay, WalMart on jet Bank. Tom a lot of people are are are, you know, going more aggressively into toys party city, open toys, which are pop up stores, and that's a great idea because fourth quarter.
"chris hill" Discussed on Motley Fool Money
"Chris hill here in studio with Jason Moser, Jeff Fisher, Andy cross. It's been a rough year for the consumer goods industry, but don't tell that to Proctor and gamble first-quarter. Quarter sales growth was the biggest in five years and shares a p. and g. up eight percent on Friday, Jeff. It's a, it's a growth stock. That's a big jump for a two hundred billion dollar company, two hundred, fourteen billion dollars, but I wouldn't get too excited about it yet. Even management in the conference call was pessimistic, Chris. What do you want to say? I was just going to say, normally we look to run gross to be the wet blanket Jewish, but I'm glad someone's filling his step in and try to fill those big shoes. So organic sales were up four percent by volume growth of three percent, and they say pricing was neutral in the quarter when you're so focused on just trying to grow your volume low ever. You can and pricing as your two main focal points. You know, competition is a problem, and that's what they proceeded to then talk about for much of. The call, it's they say, actually the most competitive challenging environment. They've seen in many years if not ever don't want to misquote them from the call but in a long time. And so they're worried about the growth of new brands, online pricing, competition, shopping, consumer habits, all these things. So they're still expect sales growth. Chris of all in with currency of down two percent for the year more or less so and earnings per share guidance is three percent growth to eight percent growth, which is a wide range and really depends on a lot of things including commodity causing competition, and they're nowhere near the high end of that guidance right now. So even they were the wet blanket in the quarter shares of Domino's down a bit this week, despite the fact that third quarter sales were up more than twenty percent from year ago, Jason feels like dominoes has done so well for so long that they are now kind of a victim of their own success. We talk about that with restaurants from time. Time, and perhaps that is we're Domino's is today. But I mean looking at the quarter itself, it was a very good quarter. So concerns over domestic sales soar Saint store, sales growth. Those should be kept in context they, we're good. Perhaps the expectations were flogged, Chris, because really these guys are selling a lot of food in. I think that, you know, we talked about Papa John's shortcomings this year, and there was a good question on the call where analysts Raskin were they seeing a pickup share their based on the witness and Papa. John's in management made a good point that you know, look, it's not that people are leaving Papa John's and then going to Domino's the restaurant industries, a really big one. So it's not like they're always just going from one pizza to another pizza. They're all sorts of different choices out there. So they, they continue to have to work hard to pick that share up. And I think that's a lot of to do with Domino's sort of changing that identity from Domino's pizza to being Domino's. They offer more than just pizza at this point which is encouraging, but but it is a growth story still. They do see the US as an eighth. Thousand store business over the next ten years. And they finished up two thousand seventeen with around fifty, six hundred stores. So plenty.
Amazon in Running to Acquire Landmark Movie Chain
"That Amazon is in the movie production business. It looks like the movie theater business might be next reports out this week that I'm on is in the running by landmark Ziater's chain that operates in major markets like New York, Chicago LA, San Francisco and across the river in Washington, DC and Andy, maybe I shouldn't be surprised by this, but I'm a little surprised can ever accused Jeff as of not looking forward into the future. So I think here's my, here's my take on this. I think with potential changing regulatory landscape on studios potentially owning theaters, widening their distribution. I think Jeff Bezos and Amazon saying, hey, listen, we have an opportunity go after another dish Abune platform. It special marks specialize in the. Indian foreign space, which we know that Amazon prime videos have had a lot of success with. So I think Jeff Bezos saying, listen this, another distribution platform for us. Let's get in before the studio start changing that landscape and by ASA property cheap. And by the way, Mark Cuban who is a part owner of landmark is kinda shop in the business around two
"chris hill" Discussed on Motley Fool Money
"As always people on the program may have interest in stocks. They talked about in the motley fool, man, formal recommendations, four against Saddam buyer, sells stocks base. Cillian what you here. Welcome back to motley fool money, Chris hill here in studio with Jason Moser, David Kretzman and Andy cross a couple of things before we get to the knocks on radar. I Jason, yes, thanks for the interview. Hey, there's a reason why you do that week in week out. It's not an easy thing to do, but that was a big thrill. Having just read the book. It was fun stuff this week Pepsi announce that CEO injured in new year will step down in October. This is after twelve years in the corner office, she will remain as chairman of the board of directors through early twenty nineteen chasing good luck to the next CEO because that kind of got a tough act to follow. She set the bar really high. I think this is a really big loss for Pepsi. I can't say that I blame her. I mean, you see the industry headwinds coming. I mean, I think she's what sixty two years old. She's got other things that she wants to do in her life, and she is quite frankly, a very good person. You can just tell by researching or that she is a good person in. I think she's going to do bigger things for the world with the time that she has away from the company, but but no doubt whoever stepping in there. Good luck. Well, and part of it we were talking about this earlier. Part of handy is just the industry. You look at, you know, Coca Cola Mondo lease Kellogg's all these food and beverage companies that have CEO turnover of the last couple years. What is going on Campbell's to and talking about China and take it private or sell off the ashes? Yeah, Hershey too. I made it just a tough. It's super competitive. It's only getting more competitive just because of what's happening at their prime buyer market, which is the grocery stores with the likes of whole foods getting bought by Amazon. So that is getting more and more competitive is harder and harder get shelf space. And there's just other brands out there that are bumping up against the large players kudos to ingenuity, heck of a track record. Let's get. Stocks on our radar and our man behind the glass Steve road is going to hit you with a question, David, craftsman Europe, I, what are you looking at this week? I'm looking at Exxon enterprise ticker a x end. This is a company behind law enforcement technology, best known for the taser, electrical weapons, but they also produce body cams and perhaps most. Interestingly, to me, they're actually moving into software as well. So they have the evidence dot com platform, which stores footage that police officers will capture on body cams or from in-car camera systems. The now have over two hundred thousand accounts on evidence dot com. Kind of moving them more toward a software as a service subscription business, and they're adding more layers on top of that..
Tariffs show weakness in the motorcycle industry
"chris hill" Discussed on Motley Fool Money
"Chris hill in studio talking with mommy full co founder david gardner i know your big sports fan and because i know roughly how your beloved minnesota twins are doing nothing to ask you questions i'm not gonna ask you about baseball but the world cup is going on and you would talked about that recently on your podcast when you think about this as an event through the lens of investing what do you come up with well i mean for for me first of all i love the event itself i'm not even a big soccer fan but i love global worldwide events things that bring people together i i love the incredible juxtaposition of countries from completely different climates cultures backgrounds playing with each other i love how they walk out with the little kids their little russian kids in front of them they shake hands there's great sportsmanship there's really good commodity in the stands you see generally two different color shirts and nation celebrating their teams right side each other and it's it's a reminder to me that globalism in a very positive way is maybe the strongest force of our time i've always said that the internet is the biggest technology of our time still is but really what's behind that the internet is just a subset of globalization which is going to continue to bring really positive things for all of us were meeting people we never would have met before we're tolerating and learning about cultures or ways of living that we would never have had exposure to in the past we're trading with each other i sure hope those tariffs don't go to high were trading with each other with trading goods ideas we're celebrating each other and we're teaming up and collaborating globally in a way that has never happened in the history of the world i realized there are a lot of questions these days about you know pitting people different political parties or this polarization and i understand that that's kind of media narrative but for me i think it's missing the real story which is that were empathizing today more than we ever did before as a human race we're trading more together than we ever did before and the technologies that were building are pretty remarkable when you think that you know it was a year or two ago that i i said good night to my kids from an airplane live via skype and when you and i were growing up it was a collect call from chris or david back home paying money per minute not being able to see people so that's just a silly example skype versus payphones but that's true of medicine it's obviously true of the efficiency of purchasing today on the internet at cetera the list goes on of how amazing the world is today and sadly perhaps but maybe helpfully to me that seems to be a contrarian viewpoint a lot of people don't seem to see that our agree but those of us who do and who are investing into it buying into that and being part of that we're prospering we've been prospering pretty dramatically over the twenty five years of the motley fool expect the next twenty five to be maybe even better as we head into july one piece of advice for investors to get us through the summer sure yeah keep holding your stocks keep owning don't don't listen too hard to people who are going to tell you that the market is high or it's about to drop they might even be right although they were saying the same thing a year and three and five ago usually stopped clocks as it turns out are right twice a day but the real story of our lives as investors is in it to win it for the long term just like those world cup fans are wearing the jerseys of their nation i think of stocks that would come is that i love like netflix amazon those are jerseys that i wear as a part owner of those companies and just if they have a bad day sometimes do or month or yeah year sometimes bad couple of years like net flicks had around the quick stir fiasco keep those jerseys on the biggest mistake made by most people whether it's july at the beach or just any odd as they react backwards to what just happened to the market and they tend to.
"chris hill" Discussed on Motley Fool Money
"Welcome back to molecule money i'm chris hill last week at our investment conference montly full ceo tom gardner interviewed randi zuckerberg in front of a live audience randy helped her brother mark build up facebook from its days as a startup eventually becoming the company's director of market development since leaving facebook she started her own media firm and tom gardner started the conversation by asking randy about her new book entitled pick three you can have it all just not everyday about five or six years ago i did what everyone tells you not to do which is i changed everything about my life in a few week period i had a baby i sold my house i moved i quit my job i started my own company like a crazy person in a few weeks and it was the most unbalanced time of my life i felt like i was just treading water i couldn't see the side of the pool but it was also it really forced me to prioritize on a daily basis when you have that many balls that are up in the air and your life at once you really like very quickly get good at not dropping mcglasson ones only dropping the plastic ones and so i developed a mantra out of that which was kind of identifying five main categories of our lives work sleep family friends fitness pick three and that has been my mantra ever since every day is a fresh start so every day you get to pick a new three that in a twenty four hour period you i have really found it very necessary to give myself permission to pick three things to focus on and just not waste any energy feeling guilty about the things that didn't get picked so i'd love to just take a walking tour of your career when you graduate from college going to ogilvie why did you do that and what did that lead to how'd you take.
"chris hill" Discussed on KBNP AM 1410
"Welcome back to motley fool money i'm chris hill we're talking to christopher's chabrier the author of the invisible gorilla one of the other questions in the book that you get at that mentioned right at the top what do smart chess players and stupid criminals have in common well that's that's another that's another funny one i think chess players and criminals usually don't seem that much alike but there's one way in which there which quite like an which there in fact like all of us they are overconfident in their own abilities so take let's take the criminals i because that arabic funnier there are many examples of stupid crimes for example a a guy mcarthur wheeler i tried to rob some banks and pittsburgh without a disguise in broad daylight and the reason why i thought he could get away with this was that he rubbed lemon juice on his face thinking that that would render him invisible to security cameras much like children writing and writing and lemon juice think they're writing in invisible ink and invisible messages and so on of course they broadcast security footage of him and he was caught an hour later and he seems incredulous when he told the police that his method didn't work he was very very incompetent as a bank robber but at the same time woefully overconfident if his abilities as a bank robber and what researchers actually showed with cleverly designed experiments is that the people who are the least able at something are often the most overconfident are the most confident in their abilities chess players have a rating system that tells them exactly how good they are you know if you're a bank robbery you don't really have like a numerical rating system that tells you how good a bank robbery you are.
"chris hill" Discussed on Motley Fool Money
"Robe pool global headquarters this is motley fool money welcome motley fool money i'm chris hill this week were hosting full fest here in alexandria it's our annual today investing conference but don't worry we've got a special edition of motley fool money on tap warren buffett has said that the most difficult thing he had to master as an investor was not numbers or analysis it was his temperament so on this week show we're featuring three of our favorite interviews all dealing with investment behavior we've got christopher chabrier author of the invisible gorilla dan area on the upside of irrationality but we begin our show with bestselling author carl richards author of the behavior gap simple ways to stop doing dumb things with money what about you view chapter headings and have you expound on them and the first chapter in your book we don't beat the market the market beat us wow that's that's a little depressing yeah i mean there's a there's a lot to talk about there but i think one of the the mistakes we make a lot is we we think like you know that's a bad investment and i remember in fact i think the story in the book is when i was eight years old i remember hitting sprinkler head with the lawnmower and running inside and saying to my mom the sprinkler had or the lawnmower hit a sprinkler head and she patiently describe plays explained to me lawnmowers don't hit sprinkler heads eight year old boys hit sprinkler heads and so i think sometimes we have a tendency to blame investments you know the stock market's bad this investment was bad well in the end most of the time you know invest doors making them stay with the exception of obviously some of the fraudulent activities we've seen but most of the time saas making mistakes are selves and i think whenever we really try to spend a bunch.
"chris hill" Discussed on Motley Fool Money
"Welcome back to motley fool money chris hill here in studio with aaron bush david craftsman and jason moser zoe's kitchen has more than two hundred locations across america and that number may be going down soon shares of zoe's kitchen fell more than thirty five percent on friday after a first quarter report that david was just a train wreck they lost money they cut guidance yeah this is a really ugly quarter same store sales were down two point three percent margins are being pressured expenses are going up and i get the feeling here that management is just throwing a lot of stuff against the wall at this point in hoping you know praying that something sticks they're they're reducing their future store opening plans they're looking at leading some existing leases expire with their current locations they're increasing the amount of money they're spending on marketing they're looking at franchising and the board of directors even formed a committee to consider strategic alternatives so looking to sell the company or find some sort of saving grace but zoe's has really put themselves in backed themselves into a corner here for a long time they've relied on debt to open new locations so at this point the only have a few million dollars of cash on the balance sheet over forty five million dollars in debt and they're still losing free cash flow or generating negative free cash flows so they need to find something quick to turn the ship around sounding more like zoe's kitchen it has something so i've i've never been to one of these this is a fast casual mediterranean cuisine seems like something i would like i should probably go soon because i mean.
"chris hill" Discussed on KBNP AM 1410
"The dollar is the the the bill as always be on the program have interests in the socks we talk about on the motley forming formal recommendations for or against so don't buy or sell stocks based solely on what is year welcome back to mali for money chris hill hearing studio once again with jason moser august singer and wrong gross tend to get to the stocks on our radar will good on man on the other side of the glass deep rather hit you with the question by the way also sitting in with steve on the other side of the glass this week it's the poor family grit from virginia assad spencer and well thanks so much for hanging out with us wrong grocer up first what are you looking at this week i've got amazon phnom just gets i've got gotta american tower a mt there a real estate investment trust one of the largest owners of wireless communications towers in the world critical part of the infrastructure of our digital revolution great unit economics great yield n dividend growth i'm they've increased their dividend for the past twenty three consecutive quarters dividend currently stands at two point one percent and the stock looks good st broader question about american tower while i'm a shareholder in my question is who are their biggest competitors because american towers banned a rock star performer i would say that the two other big guys are crowned castle in sba communications those three to combine makeup of the bulk of of the industry jinsam moser what are you looking at this week a yet talking about ellie may ticker e l l y in as we wrap up burning season nelly natshe health update other good quarter of their software platform encompass now has over two hundred forty two thousand users i liked the dual revenue stream in subscriptions in transactions and in just sort of an example of this in the quarter revenue for the company grew seventeen percent in the face of mortgage origination volume actually falling nineteen percent and you know something that caught my interest the other day and i can't believe i've got to do this but amazon yes amazon is looking to hire some one to lead their newlyformed mortgage lending division in so i just can't i'm not connect the.
"chris hill" Discussed on Motley Fool Money
"Whoo bye the appeal london welcome back them up before money i'm chris hill we are one week away from superbowl fifty two time to talk about the business of football with andrew brand he's a columnist for sports illustrated he's the host of the business of sports podcast and he joins me now andrew always good to talk to you quite grit you are based in philadelphia you tell me how crazy was the city when the eagles made it to the super bowl well they i guess they broke through the greased poll with the idea quite is seen everywhere he looked around on tv and even in neighborhoods i was coming back from the game and i gotta there are out of their early but what is seen and it's great for the fans you know i'm not from philadelphia but my wife is so i kind of married into some fandom and i see you know people just shift for much more optimistic these those about everything because of those eagles and boy just what a story uh i've i've paid tribute to general manager high roseman and coach doug peterson i'm not sure there's another team in the league that could be in the super bowl with a backup quarterback and backups along the way of major injuries throughout the year so resilient this team so upbeat doug peterson has been about just overcoming whatever's in front of them so resilient really a fan of the eagle's let's business.
"chris hill" Discussed on KBNP AM 1410
"With me what about multiple money i'm chris hill so what make something popular earlier this week in front of a live audience i talked with derrick thompson bestselling author of hit makers is science of popularity in an age of distraction let's start with just sort of how how you got your hard look what what was it about popularity that got you interested to the point where he thought oh i think i've got a book here i think popularity is inherently weird and inherently interesting and that's a good intersection to write a book about because you should have have to stay gifted it takes many months to read it and so long to read it coming up with a subject that was both there was both small why do things become popular and big why do things become popular was was the challenge here and for me the article that i wrote for the atlantic that really taught me or showed me that this book will be possible and interesting was an article that i was reading about the tv industry and it was about madmen and amc strategy when a green let madmen typically throughout television history the role of a tv company is to a ray the largest number of contemporary viewers around the television at once big bang theory chuck laura comedies you went the biggest possible audience but the business model of cable television is such that a lot of cable companies make the the most money not from advertising but from what are called affiliate fees from money that is essentially sent from the subscription uh the household subscription straight to the television companies and so the goal of amc wasn't to maximize audience it was just to say stay on the cable bundle and they're really clever strategy was what we need to do is we need to create a show that a leads on the east coast lows and we'll call up time warner cable and complained very very angrily if aims is taken off their cable bundle we need to create something that is unmissable for a very small segment of the population and not to not to be madmen and it was interesting to me the degree to which invisible forces of economics and business models that you can't see explain the content that you see there's something perfectly a capitalistic somewhat craven about the look.
"chris hill" Discussed on WIBC 93.1FM
"The medical cannibus deals with medical only and not work 'rational and i also will be submitting a separate legislation on the industrial camp slash cbd oil i'm gonna keep those two separate yeah now that's something that that it's a it's been in the news here in indiana the cbd oil issue it's been in the news on because the um the the authorities um an uh attorney general chris hill have come out some public announcements on cbd oil where i think because uh thc level that the actual component of marijuana that creates the who's ingenico the the like affect on but that is either absent or an incredibly low levels in cbd oil because of that on there's been an in a interpretation by some that it's not even regulator not even illegal our our attorney general came out and said oh no it's still illegal and then there was an announcement that it was going to be seized off shelves where it was being sold and and there was a an advisory that you need to get this off your shelf if you're if you're a retail stablishment selling it then there was a i think a delay announced that well we're going to give people some time to get aloft their shelf and and i'm not sure that people really under dan either exactly what the law is on this or what the current status of it is but but to put that in context that you're going to look at the industrial hamper cbd oil could could you give folks jim a little better understanding of what it is we even talking about the problem is that so many people are confusing and aren't educated on this you know there's a difference between the cannibus plant which is the marijuana plant and the industrial hemp plant uh you know you can get cbd oil from both but you're cannibus plant can uh the the.
"chris hill" Discussed on WNYC 93.9 FM
"Trump administration is going to have to step it up and what about china the president during his trip made some statement suggesting that china was cooperating at some point suggesting china's not doing enough to lean on its client north korea what's the state of china's willingness to slow down or stop what kim jongun is doing i think it's fair to say that china is rather split on the issue there are those in china who would throw north korea under the bus and a new york mad i mean they have no interest in a legacy relationship with north korea but there many others in china especially in their national security sade who worry about the presence of us troops on the korean peninsula and ultimately feel that say greater threat to china's our wellbeing that now the presence of nuclear weapons in north korea so i think uh china's split and i think it behoves us to work very hard with china and not just go there episodically and flatter them manda uh talk sort of generalities but rather have the kinds of indepth weekly even monthly discussions of the kind that henry kissinger add in the lead up to the shanghai accords the 19th 72 so just to be clear before i let you go ambassador chris hill you see in this latest developments another step in some longer term brinksmanship between north korea china and the united states and i ask it because given all the bluster between these leaders in all of the sabrerattling and bluster the comes from our own president you don't see a situation where or is more likely than it was a year ago correct i don't see this as a shortterm problem involving a somehow a second korean war i don't think the north koreans planned to somehow put these missiles into operation against us i see it moore's a longterm strategy on their part quite a diabolical strategy abide add to uh essentially decouple the us from south korea and perhaps from its responsibilities more general in northeast asia so this is extremely dangerous to our interests it requires a good of foreign policy edward har requires a diplomatic strategy which is little hard to do and you don't have diplomats but it requires a overall a kind.
"chris hill" Discussed on KBNP AM 1410
"As always people on the program eight interests in his socks and talk about an mother came in the formal conditions for against saddam ourselves thoughts solution year's welcome back to mindful money chris hill hearing studio once again with jason moser matt argue senior and wrong gross for we get to the stocks on our radar more earnings guys third quarter revenue for wayfair grew nearly forty percent but shares of the online home goods retailer down this week of daring grows mode jason and the stock has had a great year i'm just wondering if they're getting a little too frothy for some investments well generally speaking i think this business continues to do very well you you keyed in there on the revenue growth and i think all of the metrics that really matter are moving in the right direction but there are three problems as i see it today these guys are still nonprofitable they're not cashflow positive indanan amazon if they win one of those three the market probably gives them a little bit more credit but with that said let's look at the bright side here because that there's a lot of a ton pack the gross margin held the line versus a year ago which is important idea because the cost of goods includes that shipping and fulfillment which is really what these guys have to spend so much on your and and you're out in again percentage of orders from repeat customers continues to grow its now sixty one percent versus around 56 map percent a year ago so again i think it's a good business is going to take some time incident some investment in some patients but i think another encouraging sign is they have millennials really starting to enter that key demagogue rafic a customer that they focus on a thirty five to sixty sixty five year old uh homeowner or or uh you can be renter for all a matter as well on in i think that's going to resonate with a lot of these consumers the become a been raised in this ecommerce age so there are a lot of tailwinds here i think they're witnessing some success on the on the wedding registry front the end dumb all all in all it's a.
"chris hill" Discussed on KBNP AM 1410
"Welcome back to mali full money on chris hill who goal is god facebook is love apelu sex amazon as consumption so rights scott galloway professor of marketing at nyu stirring school business and author of the brand new book the four the she in dna of amazon apple facebook and gugel he joins me now from new york city scott thanks so much for being here thanks for having me these are not just four of the biggest companies in the world they are also among the most heavily covered by the media and i'm curious when you set out to write this book what did you think you were going to find and what did you actually find so i'm a tremendous admira like most people would have been as over to the biggest surprise as to how dominant they are we know the rapporteur noted we know a great at what they do but we actually out up to number market capitalisation combined is approaching the gdp of india and when you look at the respective market sarah they've literally are not only got a dominating the market quick unbeaten but they began disrupting market before they even editor of an they're able picutta dominate dominator you will grabbed a microwave mary other building a can of soda coopted old media debating there uh you know their outward investor away department and i would finally it you'll zip her guided we no longer worship at the altar of kindness and character we worship at the altar of innovation and it coveted taken oughta almost quite a few quite data and the eyes of the consumer so in terms of the competitive landscape still is the ball game for all intents and purposes since over because we've certainly seen over the last fifty years various companies and i'll just pick two from the tech industry ibm and microsoft at various points they were the dominant player and not a day are still big companies but they're no longer on top of the mountain how much longer do you think the the rain of these four companies will last year yet to hear point about the time guys like me hang these commute or becoming too dominant at about the time it ghardaia god garkote avenue that bad i quickie to these companies go really any type.
"chris hill" Discussed on 1947: The Meet the Press Podcast
"You cannot wait for north korea to behave well for some interval before you start dialogue they're not going to now it is not in their interest to behave nicely for a while to get into dialogue we have to put something on the table to get there and there are many things we could why do we refused to go to deal with them one on one german we seem to always have this no no no no we have to talk and multi it has to be multiparty talks now i think we're ready to talk oneonone do you think we are now yes and and i guess why are we doing more of him jungle won't won't won't take the opportunity to talk to us directly because in my view he wants to achieve a threshold nuclear capability before he comes to the table so he has a better hands or you're saying because i had investor chris hill former south green a better he just got back from south korea today and he was pushing back on this a he doesn't think they have the capability yet but he does by the idea that the capability will be there in about two years they have done five provocative things in the last interval of time to overflights of japan to flight tests of an icbm in an underground stage thermonuclear device test the they have a threshold capability what they have not achieved is the ability to marry that nuclear weapon on top of an icbm the timelines are probably i think are in line with what ambassedor hill suggested but i think he wants to achieve that next stage of having a deliverable device and then he'll come to the table irrational actor.
"chris hill" Discussed on KBNP AM 1410
"Review as a second option cofibel three five friday to ninety five hundred ed talk with bill borrow orca investment management llc ha ha look knocked amount of money on chris hill dan area is a professor of psychology and behavioral economics of duke university is also the best selling author of books including predictably irrational and the truth about dishonesty his brand new book is payoff the hidden logic the ships are motive visions and he joins me now dan thanks for being here my pleasure i don't want to try and some of your book in one sentence buds in reading through your book one of the takeaways from me was the phrase not money that when we think about what motivates people that was one of my takeaways from your book was that for all the talk of salary and compensation and what it means in the world of business it turns out that money in another self is not really the greatest motivator that's the it's not just an is not the greatest motivator is sometimes actually takes motivation away and what's interesting is that the narcan of a arsenal about what we think will motivate people it money play such a big role but when we do experiments about it and we try to figure out with actually motivates people at we should pay people and people should get paid well but money is just not the remedy for motivation when you're designing experiments and i want to get into some of the experiments that you conducted in your book but when you're setting out to design experiments how does money factory into those experiments because i would think with all your years of experience uh all the stuff that you've written all the experiments that you've done it i would think the you know right off the bat how it's going to end particularly with respect to money well you know my uh my recent center is called descent deployed vans hindsight.