17 Burst results for "Chris Payne"

"chris payne" Discussed on Inside Supercars

Inside Supercars

07:54 min | 3 d ago

"chris payne" Discussed on Inside Supercars

"Corvette. Payne explained that they are not looking to provide support to a single factory team in 2023. I wouldn't designate it factory support, but we have a level of support with all of the same situations that the Camaro silhouette under the gen three ruleset. So we have commercial arrangements with all of those teams or 16s for 23. That will represent the brand under Chevrolet racing. We have a very close launch of course with Triple H because of their homologation status with supercars. And I sponsorship arrangement that we have with Triple H for HD docker. Forward have decided that they will take a much wider look at supporting motor sport in Australia as the Mustang is their motor sport vehicle. I think most of you are where we do run our motor sports program globally trying to share people resources, learning across all the different racing series and when we reentered in terms of technical engineering support with the series with Australia supercars with a current Mustang, we did all that work here and it's obviously a big workload or time for us to be traveling from North America to support the series. I love being there. My team is love being there. It's just hard to support. And when as we were doing this work for the gen three car, with the new Mustang, part of what we approved was getting some local support. Again, because of the importance of the series to us, the importance of the market and we were able to get approval for some headcount there. So burned in McKinney skin through I actually first met, I think, Brendan, it was 2018 at Shanghai when we were racing the 14th. And it was very clear his passion for motor sports experience and motor sports. And planted the seed then that if we ever needed anybody in the region that he should be somebody that we should consider. And this was the right opportunity. So we were able to get approval for Brendan to the a 100% dedicated to our motor sports activities. And with more support there as well. So just some cappuccino is super manager there that has access to other resources and can help manage Brendan locally and when an extra support is needed can be brought in. So it's a great setup for us. I think to be able to leverage better what we do, more globally and in the Australian market. And a lot more efficient way of supporting all of the supercars races, not just a handful through the year. So we're really excited about that opportunity. And certainly we would be able to use Brendan and Justin as we're racing Mustang GT fours or selling and supporting Mustang GT fours and Mustang GT threes. In the market and we hope to sell a lot of them there, but we would also work with outside partners to put the proper support in place in terms of having parts and technical support because it's important to have their local in each market to properly support customers. Been nightingale, Ford Australia product communications and motor sport manager expands on the company's plans. So in terms of Australian motor sport for Ford from 2023 beyond with the gen three program, we have obviously 5 teams next year with the addition of more control and ready united. And so we're taking a very holistic view in terms of what factory support means and we're looking to support every single one of our teams as best as we possibly can. So Brandon will be at the racetrack at supercars events working with our teams wherever they need support as much as we possibly can, I'm moving into I'm not moving roles, but I part of my role now is managing our motor sport program here in Australia from a marketing and commercial point of view. So I'll be working closely obviously with Mark with Justin with Brendan to make sure that our teams have as much support as they possibly can to be as successful as they possibly can. Justin's the head of our local Ford performance engineering team. So special vehicle engineering team. So Justin led the ranger raptor program locally previously worked on the aspect Mustang program and the falcon sprint program and Brandon's role will be Mark mentioned headcount, so the head camp that's in Ford terms is Brandon sits in our product development engineering team here in Australia, but he's role is specifically related to Ford performance and motor sport. That is Brendan's role now. He's working with supercars throughout the gen three development process as we're going to vcat and then he's working with our teams as well. I'm not sure Brandon, if we have an official title for you, but I suppose Ford performance motor sport arm engineer liaison for one of a better term would be how I would term it. And this would be more than just supercars. It would reach into the GT divisions as well. We haven't gone through any of those discussions yet because obviously we just revealed GT3 yesterday. But yeah, if we head down that path and there's local interest in running that vehicle then I'd expect it would fall under our purview. Chris Payne explained how the USA is helping the development of the kamaru gen three. Yeah, absolutely. There's an incredible level of support from their GM motor sport division. And that goes to the design of the vehicle first and foremost. We're I would say that 95 plus percent of the shape, the appearance, the silhouette of the Camaro mirrors that of the road car. And that is controlled managed entirely by the GM design group in North America. The other side, of course, is the powertrain where Jim Campbell and the team there in the racing group have supported us with the development of the LTI bespoke engine for the car for 23 and beyond. And that encouragement continues in the future. So GM and Australia with the Chevrolet racing program is considered part of our international racing effort alongside that of NASCAR alongside that of their efforts in IndyCar and so forth. So we're recognized part of that GM effort, if you like. One of the issues facing supercars is that while a number of team owners and others have camaros in the garage, they are not a product that is being supported in Australia. Quite a few people have Camaro road cars in Corbett's that are walking short or no longer Marlborough. They were some years ago. Their program ceased a couple of years ago now. So there is no Kamara road carriage, such but there are many people who have them locked away in their garage. But right now we're focused on the Silverado road road truck and the Corvette sports car, of course, which is being delivered to customers now. And that's our product program. And this is where Ford selling and racing the Mustang sees its best opportunity to show the relevance of supercars. The way that the rules are written were some of the bodies are the exact some parts of the body are the exact shape shared between the road car and the race car and then there are some areas of freedom or limited freedom, especially around the lower section of the car that allows us to have that direct relevance and also have the design studio involved with the arrow team so that in those areas of freedom while we're optimizing for aerodynamics, we're also making sure that we have

Brendan Australia Ford Justin Brandon Ford Australia product communi Camaro Payne silhouette North America Chevrolet McKinney GM Shanghai Chris Payne Mark Jim Campbell USA NASCAR
"chris payne" Discussed on 77WABC Radio

77WABC Radio

02:14 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"We have my brother Chris Payne and Bob three pains in a pod at pain points of well, so check it out. But the one thing we've talked about over and over is the government's printing so much money and what that means for you as an investor and trying to build a retirement plan. All right. One of my favorite shows when you were growing up with Wall Street week, and there was an analyst that came out with a great expression. I've lived by it ever since it's called. Don't fight the Fed. That means you know when the Federal Reserve is increasing rates or decreasing rates, you know you want to invest accordingly. I got a new term for you Don't fight Congress, huh? Yeah. I mean, literally. They're looking to print another $1.9 Trillion Bob Trillion with a T on top of a $2 trillion we had last year and then another 900 billion last year, and the list goes on. I mean, what's gonna happen? With imprinting so much money. And what does that mean? I'll tell you what you're gonna have inflation and inflation pushes asset classes. Certain asset classes hire one of which is interest rates. Interest rates go up. It's like that tea toddler in and the playground that seesaw right If it goes on and goes up, the other end goes down. So if interest rates go up, your bond prices go down. And I'll tell you who's going to suffer the most anyone. I mean anyone right now that owns a horrible bond fund and we think of bonds is something safe in our portfolio is a balanced right against. If the market goes down, you have a safe haven your portfolio, But the problem is Bob in this part of goes back to when you were managing money back in the 19 eighties. Is when inflation goes up, and we haven't seen a lot of inflation last decade, interest rates go up, and conversely, your bond prices go down, and that's why it's more critical than ever it understand what kind of bonds you own in your portfolio, and you probably don't That's so critical, right? We're not talking about Don't own bond. You're talking about own the individual bond. Make sure you understand who the issue is. You know, when you were a kid, I said, right? Whatever you do, don't let me be your buddies. Because if you do, you're not going to get any interest and you're not going to get paid back in the two reasons you make alone you invested a bond which are loans is you wanna make interest on your money? And.

Chris Payne Bob Federal Reserve Congress $2 trillion $1.9 Trillion last year 900 billion Fed One two reasons 19 eighties Bob Trillion one last decade three pains Wall Street
"chris payne" Discussed on 77WABC Radio

77WABC Radio

04:25 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"Each week. We dissect a real financial plan and uncover the floors or we call pain points. Our listeners can avoid the same mistakes that they're planning investing. And Chris. You worked with a woman recently. Why do you break down how you helped her Get on her path, the financial independence, So right. We always talk about diversification in our portfolio, and I really think that's like an overused term in our industry. But seldom do we really explain What diversification is, and I think that the general consensus is having your money and a lot of different places. You know, I think that's the first thing. But you know, the second part of the two is also having diversification in your returns. So I think most of you out there perceive your returns. As what you're getting from the growth of the market, right? You buy something for $5 you sell it for 10. Your growth is $5. But the truth is, is that over time, your return should come from two places to growth in the market. It also interesting dividends. And that's the case here. Not only did this person lack diversification in their portfolio, but most of their return was really only coming from one place right in just a question here, Chris why did they decided this point? Cause it looks like the very aggressive portfolio. What was the catalyst to say? Hey, I need to sit down for a financial planner and really figure out what I'm doing with my money. Well, you know what, right to use the nautical analogy because, as you all know, I'm an avid sailor if they were essentially lost it, see They don't know where they stood. They didn't know where they were in terms of do I have enough savings, You know, is this enough to get me through retirement? You know, Am I making the right decisions now? Because this is a couple that's in their early fifties, so You know, it's become more more and more critical for them to really figure that out Chris former some of the gaps in their strategy, and they're planning some of the things that they missed that we're probably obvious to you. Well, the majority the money was in was in there for one case, and they were invested in over a million dollars in a 41 K and they're investing a target fund. Which I think it's fine. You know when you have, you know, 30 $40,000, But you know when you're talking about millions of dollars, the problem is just like any other index. It starts to get more heavily weighted with the things that have done well, so What that came down to us that they had mostly money concentrated one area of the market. And like most of you out there, that's large cap growth stocks. That's right, because you hear the old saying just on the S and P 500, you're gonna be fine. Just on that s and P 500, you know, you'll be able to get to retirement. But the truth is, it's just one place to put your money, And sometimes it does do great. Other times. It does pretty lousy. You can't afford for all your money at one point to be doing lousy during retirement because you need to draw from that portfolio. It sounds like you're walking a tightrope here. Chris. Looks like you know, you have to basically have two goals, right? You want to accumulate wealth? Then you also wanna maintain that wealth. Right? So if you want to create wealth, you concentrate. If you want to maintain your wealth, you spread it around. And you diversify? Is that what I hear you saying? Yeah, exactly. Then they really do like your type rope analogy because I think a lot of people do walk that tightrope in terms of the amount of risk that they take. It's like You could get across the river. But do you want to take the tight rope, which may get you there faster, but much more risky, or you want to take the beautiful bridge that's been engineered for hundreds of years. That's a lot safer and more of a sure thing. Yes, I always saw you as a bridge builder. But any it comes down to Chris. You and I had talked to actually a client of ours recently. It's like a lot that you can afford for the market to go up and up and up. You can afford to go up 100% on your portfolio, and that's great. But I bet it doesn't change your lifestyle. You probably have a certain lifestyle that you want to keep. But you're not looking to change it on the other side of the equation, though, if you were to lose 50 60% of your portfolio that could have a negative impact on the lifestyle that you enjoy. Right now. It's just the risk reward of taking the right amount of risk in your portfolio. But not more, even if the gains could be better, because if you lose that money You're out of luck and just to go back to analogy used earlier today by the famous Warren Buffet where, he said, You know, it's really when the tide goes out that you get to see who's swimming naked and when it comes to your portfolio, you really don't want to be swimming naked because the bottom line is you don't have to. If you're thinking to yourself right now, like I don't wanna swim naked. I don't know what risk I'm taking in my portfolio. I need to build a portfolio that's based on my goals for retirement because I want to keep my lifestyle intact for our time and Well, here's your shot to do it. We literally have two slots left. If you have over $500,000 safe retirement myself. Bob and Chris Payne will run for You are now famous Total financial master plan and we'll do that with no obligation or cost..

Chris Payne Warren Buffet Bob
"chris payne" Discussed on 77WABC Radio

77WABC Radio

04:25 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"Each week. We dissect a real financial plan and uncover the floors or we call pain points. Our listeners can avoid the same mistakes that they're planning investing. And Chris. You worked with a woman recently. Why do you break down how you helped her get on her path to financial independence. So right. We always talk about diversification in our portfolio, and I really think that's like an overused term in our industry. But seldom do we really explain What diversification is, and I think that the general consensus is having your money and a lot of different places. You know, I think that's the first thing. But you know, the second part of the two is also having diversification in your returns. So I think most of you out there perceive your returns. As what you're getting from the growth of the market, right? You buy something for $5 you sell it for 10. Your growth is $5. But the truth is, is that over time, your return should come from two places the growth in the market. It also interesting dividends. And that's the case here. Not only did this person lack diversification in their portfolio, but most of their return was really only coming from one place right in just a question here, Chris why did they decided this point? Cause it looks like the very aggressive portfolio. What was the catalyst to say? Hey, I need to sit down for a financial planner and really figure out what I'm doing with my money. Well, you know what, right to use the nautical analogy because, as you all know, I'm an avid sailor if they were essentially lost it, see They don't know where they stood. They didn't know where they were in terms of do I have enough savings, You know, is this enough to get me through retirement? You know, Am I making the right decisions now? Because this is a couple that's in the early fifties. So You know, it's become more more and more critical for them to really figure that out Chris former some of the gaps in their strategy, and you're planning some of the things that they missed that we're probably obvious to you. Well, the majority the money was in was in there for one case, and they were invested in over a million dollars in a 41 K and they're investing a target fund. Which I think it's fine. You know when you have, you know, 30 $40,000, But you know when you're talking about millions of dollars, the problem is just like any other index. It starts to get more heavily weighted with the things that have done well, so What that came down to is that they had most their money concentrated one area of the market. And like most of you out there, that's large cap growth stocks. That's right, because you hear the old saying just on the S and P 500, you're gonna be fine. Just on that s and P 500, you know, you'll be able to get to retirement. But the truth is, it's just one place to put your money, And sometimes it does do great. Other times. It does pretty lousy. You can't afford for all your money at one point to be doing lousy during retirement because you need to draw from that portfolio. It sounds like you're walking a tightrope here. Chris. Looks like you know, you have to basically have two goals, right? You want to accumulate wealth? Then you also wanna maintain that wealth. Right? So if you want to create wealth, you concentrate. If you want to maintain your wealth, you spread it around And you diversify Is that what I hear is saying, Yeah, exactly that. I really do like your type rope analogy because I think a lot of people do walk that tightrope in terms of the amount of risk that they take. It's like You could get across the river. But do you want to take the tight rope, which may get you there faster, but much more risky, or you want to take the beautiful bridge that's been engineered for hundreds of years. That's a lot safer and more of a sure thing. Yes, I always saw you as a bridge builder. But any it comes down to Chris. You and I had talked to actually a client of ours recently. It's like a lot that you can afford for the market to go up and up and up. You can afford to go up 100% on your portfolio, and that's great. But I bet it doesn't change your lifestyle. You probably have a certain lifestyle that you want to keep. But you're not looking to change it on the other side of the equation, though, if you were to lose 50 60% of your portfolio that can have a negative impact on the lifestyle that you enjoy. Right now. It's just the risk reward of taking the right amount of risk in your portfolio. But not more, even if the gains could be better, because if you lose that money You're out of luck and just to go back to analogy used earlier today by the famous Warren Buffet where, he said, You know, it's really when the tide goes out that you get to see who's swimming naked and when it comes to your portfolio, you really don't want to be swimming naked because the bottom line is you don't have to. If you're thinking to yourself right now, like I don't wanna swim naked. I don't know what risk I'm taking in my portfolio. I need to build a portfolio that's based on my goals for retirement because I want to keep my lifestyle intact for our time and Well, here's your shot to do it. We literally have two slots left. If you have over $500,000 safe retirement myself. Bob and Chris Payne will run for You are now famous Total financial master plan and we'll do that with no obligation or cost..

Chris Payne Warren Buffet Bob
"chris payne" Discussed on 77WABC Radio

77WABC Radio

01:36 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"And investing. That's why we put together our latest guide. We give you five ways to save on taxes and 2021 by ways to start the year. Right with your portfolio. Put more money in your pocket. You can download it for free, simply texture. Email address 284475 to 6692. That's 84475 to 6692 we give you five ways to save on taxes. Money saved on taxes is just as great as any money can make invested These air five strategies we use it are firm. Jean Capital Management that you can use and you can download it for free, simply texture. Email address 284475 to 6692. That's texture. Email address 284475 to 6692. And now we have a very special guest on the show. My colleague. My brother Bob Son, Mr. Chris Payne, Financial Advisor Pain Capital Management End one of the co host of our new show, podcast, Pain, Points of wealth. That was a mouthful Chris or Italian. The show this morning, brother. Right? It Z always great to be here. And, you know, I always just think how lucky you and dad are to happen me on the show everything I'd rather be lucky than good. Chris on do you can check out our new podcast? It's great. It's Father just like this. I'm obviously the funniest one. But if you're gonna be pushed calm be bush dot com. You can check out our podcast like 30 minutes shows. We dive in July. The information we do on the radio here, but I think it's a really good show. I think you really like it. Check it out of be bullish dot com and Chris This is our spotlight segment Every single week..

"chris payne" Discussed on 77WABC Radio

77WABC Radio

01:32 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"That's why we put together our latest guide. We give you five ways to save on taxes before the end of the year, five strategies we use at our firm pain Capital management. You can use with your portfolio and you can download it for free, Simply texture. Email address 284475 to 6692. That's 84475 to 6692. We give you five ways to save on taxes before the end of the year. It's not what you make. It's what you take. You can download it for free. Simply texture. Email address 284475 to 6692 That's texture. Email address to 84475 to 6692, and now you have a very special guest on the show and one of our co hosts. On our new podcast Pain Points of wealth. Bob's son, my brother, Chris Payne, Financial Advisor Pain Capital Management, and you can check out our new podcast at be bullish dot com. That's be bullish dot com and Mr Chris Payne. Great to have you on the show problem. Hey, right. It's good to be back. You guys don't have me on that often. It was kind of wonder about that. But, you know, it's always good to have three pains in a pod. You know, your brother doesn't like to competition. Chris. I don't blame them. I'm the oldest in the most vain if we have to be honest about it, But Christmas is great having on the show and we love doing new podcast with you. It's really cool for the three of us to do it together. That our listeners can check out a be bullish dot com. But this is our spotlight segment each week. Chris, You know, we dissect a real financial plan..

"chris payne" Discussed on 77WABC Radio

77WABC Radio

01:57 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"Safe retirement at 844 Plan and wives see, that's 844. P L A N N Y. C. This is no pain, no gain. FINANCIAL radio. Here's this week's spotlight. No pain, no gain. Ryan Payne, Bob Pain, No pain, no gain. Financial radio and Father die every week. Just want to give you the most common sense. Practical advice. You can use it. You're planning investing. That's why we put together our latest guide. We give you five ways to save on taxes before the end of the year, five strategies we use at our firm paying capital management. You can use with your portfolio and you can download it for free, Simply texture. Email address 284475 to 6692. That's 84475 to 6692. We give you five ways to save on taxes before the end of the year. It's not what you make. It's what you take. You can download it for free. Simply texture. Email address 284475 to 6692 That's texture. Email address to 84475 to 6692, and now you have a very special guest on the show and one of our co hosts. On our new podcast Pain Points of wealth. Bob's son, my brother, Chris Payne, Financial Advisor Pain Capital Management, and you can check out our new podcast at be bullish dot com. That's be bullish dot com and Mr Chris Payne. Great to have you on the show problem. Hey, right. It's good to be back. You guys don't have me on that often Always kind of wondered about that. But, you know, it's always good to have three pains in a pod. You know, your brother doesn't like to competition. Chris, I don't blame them. I'm the oldest in the most vain if we have to be honest about it, But Christmas is great having on the show and we love doing new podcast with you. It's really cool for the three of us to do it together. That our listeners can check out of. Be bullish, calm, But this is our spotlight segment each week..

"chris payne" Discussed on 77WABC Radio

77WABC Radio

01:38 min | 1 year ago

"chris payne" Discussed on 77WABC Radio

"A. Y N e. It's Ryan. Pain by pain. No pain, no gain. Financial radio five and I wanna make sure you're getting the best most practical advice for your planning and investing. And that's why we put together our latest guy. We give you five ways to save on taxes and 2020. There's still time to do it using the same strategies. We use it are firm paying capital management. You can download it for free, simply texture. Email address to 84475 to 6692. That's 84475 to 6692. We give you five ways to save on taxes. You can download it for free money saved on taxes is just a screen is any money can make invested. You can apply to your portfolio before the end of the year. Simply texture. Email address 284475 to 6692 and you can check out our new podcast pain points of wealth, which also includes my brother, Chris Payne. Three pains in a pod. We're going to death on a lot of the topics we talked about right here on the radio show, you can check it out. Simply go to be bullish dot com. That's b bush dot com. You can check out our new podcast pain points of wealth, and you can catch myself other advisers of pain Capital management on all the major networks every single week from Fox Business News. CNBC, Yahoo Finance giving you our latest views on the economy and the market, and if you ever have a question for myself for Bob, we answer all your questions directly. Simply email US questions that be bullish dot com That's questions at b. Bush dot com. Robin..

"chris payne" Discussed on 77WABC Radio

77WABC Radio

06:17 min | 2 years ago

"chris payne" Discussed on 77WABC Radio

"And, of course, that's P ay, why N E and Bob and I want to make sure that you're getting the most practical common says advice right now, and that's why we put together our latest guy. Do we give you five ways? Save on taxes in 2025 different strategies we use at our firm paying capital management that you can use easy to understand. You can download it for free. Simply text the word bullish. That's Bush. B U L L s h 21,000. That's the word bullish 2 to 1000. We give you five ways and save on taxes. Money saved in taxes, just a screen. Any money could make invested. We'll give you a simple down those who can apply to your own portfolio. Five ways to save on taxes. Simply text the word bullish to 21,000. That's the word bullish 21,000. And now we have a very, very special guests on the show. My brother Bob son, Financial advisor at paying capital Management, Mr Chris Payne. You worked on a case recently. Why do you break it down for us? And tell us how you get this couple on their path to financial independence? You know, you know a brother like the one thing that I loved it to talk about his income, like, especially in retirement incomes. So important Now we say you get a better outcome with income. Sure, people are tired of hearing me say that, but it's true. And the scariest word I think in retirement planning is the word guaranteed. And the reason I say that is because we're not allowed to say that we can't guarantee anything. But there is this 11 particular area that people buy into, and that's that's thes things called annuities in particular variable annuities where a lot of times they're sold is Thies guaranteed income flows. But you know, really, when you break it down It's not as good as it appears. And that's why I want to talk a little bit about today. So, Chris, I mean, what you're saying is that the you can't say guaranteed if it's a U. S government bond write anything issued by the US government. Could be guaranteed. But anything else is guaranteed by a company. So you could say, Well, you know, I bought a bond from Horizon. It's contractually guaranteed by Verizon. That's correct, right? That's true. Contractually guaranteed is the operative word there versus being guaranteed by the full faith and credit United States government so big difference there. I mean, what if you know what if horizon would go out of business? What happens to the bond? Then she company can go out of business. So when you hear guaranteed take it with a gigantic black assault or green assault. I would say gigantic block of salt. Yes. So, Chris, I'm assuming this couple looking at the analysis you're on. They do have an annuity and I'm curious. What was the reason that made them say Okay, I want to sit down. I want to get a financial plan done and actually came to you. To finally get their financials in order. Well, the big driver for that ride was that they have a lot of money in a lot of different places. I mean, it's kind of like that change that you find in the couch. I mean, they have money and every possible financial institution that you can think of And they never really sat down and did a full, comprehensive financial plan. Everything was just kind of driven by. You know these proverbial sales people knocking on the door saying, Hey, I could do it better I can get into you this. That and the other thing. And they were just really concerned with one consolidation into making sure that they're on the right track for retirement that they would have enough income once they finally settled in. Yeah, they have 15 different accounts. Oh, my God. I want to see their cats Bill every year. That's just like I would go insane if I had that many accounts and I had to account for them. Yeah, I mean, it's really like if you think about is a person that has attention deficit disorder. It's definitely what I would call it A T d portfolio from my perspective. So, Kris, you know I'm all I'm a big believer in diversification. You should have all your eyes, one basket, but it looks like to me. They have the same eggs in every basket. Yeah, Dad, You know what that's and I think you'll agree. That's not atypical of like 99.9% of the people that walk through our door. Most their money's really concentrated into areas, primarily large cap US stocks and nowadays, guess what I see more often than not. And what would that be? Large cap growth? Everybody was growth, textiles, baby Techstocks can't get enough. Yeah, exactly. It's like it's all about the tech stocks, right? Like I look at my portfolio of people call me up. Hey, Chris, you know, Should we buy more of that growth? That's what's going off the most. Well, last time I checked You should always buy what's down and take profits on what's doing well. So in this race with a surprised to find out that they were so aggressively invested because this is a for their ages is a portfolio that's extremely aggressive. I just hope the market keeps going up forever. Blue. They're not dead. They actually weren't surprised about the level of risk they were taking. That was definitely something they pointed out in the very beginning. It's kind of like I know I'm taking a lot of risk. I know I need to be more diversified. So they knew that right up front. I think the thing that really shocked them. The most was thie annuity portion. They own a variable annuity with with the company and they were shocked to find out what amount of fees they were paying. And actually, Alan was structured. Oh, my God, Chris, I'm looking to spread she put together They're paying 4% a year. That's insane. And I bet this couple has no idea they're paying that cause the annuity company is so so good hiding fees. Like what they're best at well, they had no idea. You know the thing that's really staggering about that is to get a 4% return. Get 4% on anything is pretty darn good. So I mean, if you can say 4% and just fees alone, I mean, that's 4% almost automatic return going back into your portfolio. So turns out Chris that the insurance company's guaranteed to retire because they're getting all the return. This investors kind of out there on a limb. What's the old saying that it's the best of three? The broker made money? The company made money the client did, but two out of three ain't bad. Yeah, that's it's awful. It's just awful. So what about income? I mean, they have They have enough income to achieve their goals. And what did you do to fix that? Well, you know, just one of the things I noticed right off the bat. You mentioning income is right now, you know their portfolios on Ly generating like 10 grand a year and income. If they make some changes take a little bit less risk. Diversify a little bit more. They can increase that income by almost threefold, which you know, if you look at everything that they're gonna have coming in from pensions, Social Security that's basically going to cover their lifestyle in retirement, which is only a few years away. I love that into your point, Chris Going back full circle. You get better outcome with income If the market's going up or down there getting that income every year, and it's like 30 grand. We factor in what you're saving on the annuity. And just that.

Mr Chris Payne US Bob son Verizon N E Financial advisor assault Thies Ly Kris Techstocks U. S Alan
"chris payne" Discussed on 77WABC Radio

77WABC Radio

02:22 min | 2 years ago

"chris payne" Discussed on 77WABC Radio

"Media's been recently broadcasting we're gonna break it down for you along with this week's spotlight segment it's gonna be an all team weekend we have financial adviser my brother Bob son Chris Payne on the show is going to break down a real retirement plan for you so let's hop to it want to go through today so far everybody likes things to be easy so I thought we could put together a handy shortlist of easy ways you can ruin your retirement if you're not careful for example you're treating retirement as a destination as opposed to return your blame somebody write that you know in the rat race the whole life working in a high all my goodness can't wait to get to retirement the rat race is over well you know it's not a race right it's a journey and it's not the end it's beginning it's like the old harassment song right life's a journey not a destination and that doesn't and it retirement and I think it's more important never right now because let's be real right retirement now can last twenty thirty years that's a long long time and there's so many more things you have to account for and see your parents did back in the day when it was like you retired at sixty five you have social security or pension and your sat well you know it's a life is so much better now and like always I drive you crazy people say I miss the good old days the good Ole days weren't so great you don't have you know the technology and all the opportunities and if you look at you know what forty five forty six almost forty seven years now doing this right my clients are retired now are way more active than my clients are retired twenty thirty years ago yeah I mean if you look at a good majority of our clients are baby boomers and we really seen it through the whole journey right from in most cases like they're fighting my own my own career for their forties to now their sixties and seventies and you're right it's almost like they don't miss a beat you know right now you are just as active you have just as many things on your calendar as you did when you were working which means that you need more money how to do all those things and you need more planning than you would have needed now say like twenty thirty years ago you're retiring yeah that's absolutely case try planning is the key you just can't hope it all works out I mean when you're working you work hard you know a lot of work for a bonus or I'll put a couple of showers and well you know you don't have that opportunity retirement nor do you want it I mean you know what point you're likely to start doing yourself yeah exactly I think about one of our clients who has been applied for many many years it literally every summer they get in the camper and.

"chris payne" Discussed on 77WABC Radio

77WABC Radio

01:35 min | 2 years ago

"chris payne" Discussed on 77WABC Radio

"Safe retirement color Texas right now myself Bob Chris Payne will run for your total financial master plan well you have no obligation or cost if a full holistic review just like this where if you bring your statement from last month in January we'll take all that data we're gonna build for your own personalized financial portal we're gonna look at all your investments your entire net worth at a birds eye view we're gonna start to look at all the hidden risk in your portfolio what is your real diversification if the market goes down tomorrow are you protected what hidden wrist you have your portal you don't know about we're gonna show you were all those weaknesses that are in your portfolio how to correct them we're gonna look at income is a better outcome with income is that my brother likes to say what your income plan for retirement we're gonna share optimize we're Creasy income on your portfolio create an income stream in retirement but you don't out live and we're gonna look it fees and taxes there's a lot of hidden cost in these investment portfolios you don't know you're paying those mutual funds annuities insurance products were initially were all hidden cost are she had to reduce costs and optimize your portfolio for taxes so there's more money in your pocket they're gonna title together into one total financial master plan we're going to determine the most critical question are you going to outlive your money or more importantly is your money going to outlive you utilizing strategies now our family has clearly worked on for over forty five years to take your family from point a to point B. with the least amount of risk and the highest odds of success they don't miss out he one of our next two callers and have at least five hundred thousand for.

"chris payne" Discussed on 77WABC Radio

77WABC Radio

06:43 min | 2 years ago

"chris payne" Discussed on 77WABC Radio

"And now with the very very special guest on the show Bob's son my brother money it's a visor pain capital management Chris Payne Chris man as always it's good to have you on the show man it's good to have that second favorite son at on the service yeah right that that is good to be here and you know I just I just can't get over how how it how handsome will look you know we must take after mom wow one all pain to gain so you know let's let's keep because keep an honest here this is our spotlight segment every week we take a real case and we break down how we helped a certain person or couple get on their path to financial freedom Chris you worked on a case recently whiny break it down for Bob and I and tell us how you help this couple get on their path to financial freedom yeah sure so I did work in a really interesting case and I like to start off by asking a question dad have you ever gone to the doctor and without even looking at you the doctor give you medication never you know its would totally be medical malpractice Chris to prescribe something without knowing my symptoms or what my problems were what a great word that used out now practice and I would say that's probably the case with this particular case that we're talking about today so I sat down with this couple nice couple from New Jersey and they had to be a portfolio and I couldn't make heads or tails of the poor fully I don't understand why they're invested what they're interested in and then they can it be a projection of that the that the adviser had given them you know based on their their goals and on the projection it showed a nine point nine three percent rate of return at a two percent rate of inflation over time so I guess my question would be does that sound like a reasonable and cheap football conservative rate of return for a couple going into retirement and living off this portfolio for the rest their lives would you think that's an actual order the number that means that this advisors outperforming the grace investors of all time so sign me up if that's the case yeah I I think I think we can all agree that's a pretty phenomenal return the only problem is is that in two thousand nineteen not only was this portfolio did not out perform its its underlying indexes but it actually was in the negative for the year two thousand nineteen I think we can all agree that's pretty astounding considering the phenomenal year that we had last year yeah it's absolutely incredible today can put numbers like this down as well it's important to if you're gonna get a financial projection find out what the numbers the are using our I mean I know we run projections could be as low as four five percent returns but nine percent return is that really realistic I mean obviously it's probably not with a lot of risk and I'm assuming since we're getting close to retirement this couple wanted to reduce risk not add more risk their portfolio yeah you're absolutely right right and you know what we went through a very comprehensive financial plan with them and I'd ask I said you know how did the adviser derive the expenses that you're using on the planet they put together for you and their response was well he just took an average number of what people that we take the security our age would pull out of the portfolio and you know what we actually found out is that the number that they're actually spending was more than double the what the adviser had put on their their long term conservative projection and I don't know about you guys but I think that that's pretty astounding to think that you know not only did the adviser promise a rate of return which is completely unachievable but but also had put a number down of what they're spending that was completely inaccurate now the makers I see all the time people come in with cookie cutter portfolios is the first time I saw a cookie cutter financial plan that was just the you know plug in the person's name same plan applies to everybody that comes through the door exactly and you know the other thing that that kind of blew me away just kind of sit there and think about it this is a portfolio they're gonna live on for the rest of their lives to find out at some point without having a second opinion which they were smart due to come to us to find out that at some point they're going to run out of money that would come to a shock when it was way too late so really it's a it's a great thing that they actually came in and said you know what I'm concerned about this can you take a look are we actually in good shape and is this a reasonable portfolio for someone our age in our our goals and our lifestyle Christy the suspected that the numbers weren't correct because I mean how do you know you're going to financial professional corn quote you just assume that the numbers at the running are are correct what were the red flags to say Hey we need a second opinion here I'm not these numbers seem a little bit out of whack with what's probably realistic well fortunately at one of the members the couple they I have worked in the financial services industry she actually worked for for potential and when she took a look at it she thought you know she had a red flag something something in her heart said you know what this is this isn't right this doesn't feel right nothing about this seems to make sense to me and she was absolutely spot on you know you talk to me about the did beginning to you know doctor prescribe something that they'll do an examination yeah I guess my question is did anybody do a stress test on this portfolio before you you know if I were a betting man I'd say absolutely not so when you did the stress test on his portfolio how would a fair back in two thousand and nine Chris with a fifty percent decline in the stock market I did this portfolio would have declined fifty percent plus so not only was it not conservative it's actually very aggressive and and and these people not a position Donnelly Teather gold but actually could be out of money as you said you know early in their retirement years yeah that's absolutely right that you know what the other thing that I noticed about this portfolios that they own a lot of to liquid investments a lot of elected real estate investment trusts so that's a big one like for me that was huge red flag and I want to explain this to them that they own portfolios that that you know there there's there's very little certainty or there there may not be a possibility that they could take the money out any time soon they were they were extremely shocked they had no idea and third thing to say they were very angry too well I think it's a good point to make Ryan Chris is that there's there's no investment that see a liquid that can't be made with a liquid investment something that you know we can always sell we can always get out of and most in most cases not a hundred percent of time but I think ninety nine point nine nine nine percent of the time you'll have a better return a lower cost yeah I to percent dad you know I like to say if it's a liquid it's inappropriate I might that Chris another zinger today Chris start a new book and the book of criticisms I couldn't agree more great job on this is by legs and other financial masterpiece does great job putting out all of the things that this couple didn't know that was going completely wrong and getting yourself right now I I'd like a second opinion like this I just wanna make sure what I'm doing is correct and everything I own is in line with what my goals are here's your shot to do it we really have two slots left if you.

Bob Chris Payne
"chris payne" Discussed on 77WABC Radio

77WABC Radio

05:24 min | 2 years ago

"chris payne" Discussed on 77WABC Radio

"And now with the very very special guest on the show Bob's son my brother financial visor at paying capital management Mister Chris pain in the studio all my god how are Chris yeah right I'm doing great I love the fact that we're video in this now because now we can play a little game of which pain has the best hair while there you go will Gadd has the best hair if you're listening on the radio you have to go to people's dot com to see it for real well this is our spotlight segment every week what we do is we take a real financial plan we dissected and we talk about how we help there are certain client get on a path to financial freedom Chris you worked on the case recently when you break it down for us and just tell us how you help this couple really picks up their financial situation get on the right path yeah absolutely right you know really nice couple from down in Florida came to us they came to us with you know just the normal concerns like you know is our portfolio in a good place for us in our in our later years you know we're getting older you know where do you see us today you know are we right on track and the answer was really simple you know from a projection standpoint you know they never run out of money you know everything looks good on the surface but here's the problem okay so yeah what is problematic I was in a stable watch so what's the issue here well the issue is at almost seventy years old they were taking the same amount of risk right that you and I would take wow so how much money they have a risk in the markets because we see all the time it's like you're ready retired retired but you have again not ever someone may their twenties and thirty sacks in the market exactly so you know the reality is they should have been more like forty percent risk they were close to the seventy percent at risk out we will miss you build another recession like two thousand eight two thousand nine Chris will come the climb with that portfolio experience yeah exactly I'm not quite fully would probably would drop close to thirty percent wow and you know in dollars that probably would have been something in the ballpark close to like a million dollars well how did people react I see a lot of a lot of you today yeah we were very brave now we've been in a bull market for ten almost eleven years and like what I want to get out with something that just goes up all the time and you know some help the memories of these fifty percent decline to starting to see Chris I mean how do you feel about knowing that they could lose a million dollars in any one year I'll tell you what it was really scary when I showed him what it looked like in their projections they almost had a heart attack wow what let me that's the thing too it's a good point is you don't know the risk in your portfolio until it's too late you're not gonna know when the market's going up but when you get that down turn in the market all of a sudden the support fully go down by a huge value like a million dollars it's like up too late now the nice thing is we have tools we can tell you with a lot of accuracy what's your portfolio really gonna do in a down market Netscape young and the crazy thing was when they came in I said yeah did you have any idea that you are taking this much risk and the answer absolutely shocked me they said yes we know exactly how much worse were taking we just had no idea about the impact I said well you know what about your adviser did your adviser you to bring this to your attention and they said well kind of but you know they never really hard on it but we really like our adviser I said well that's great I said I really like my doctor but you know if my doctor told me that I had cancer and said don't worry about it I far that person immediately despite how much I like them yeah I think that happens a lot there's a there are very few true financial planners out there but there's a lot of investment products salesman and that's what happens you end up with a collective investments in in a bull market everybody thinks everything's fine because you know like Ryan says almost every week you don't know who's swimming naked until the tide goes out you know the best part about this whole thing is that we just make a couple of adjustments in the portfolio you know not only they can save money on taxes but they're also increasing on income they're getting in as I always say you get a better outcome with more income yes income is way more I will be ups and downs of the market another financial masterpieces Bob likes to say anything yourself right now I need to talk to the pain boys were on the phone right now we have a couple slots left the active two slots left if you give us a call or text right now myself Chris Payne Bob Payne run for your total financial master plan well you have no obligation or cost it's a full holistic review where we look at everything all you need to do is bring those statements and bring them from December bring him in the office we're gonna take all the data from all those different statements we're gonna build for you your own personalized financial portal we get a bird's eye view of your entire financial life and then we can start looking all the critical components just like there's anything unnecessary fees to an adviser that's not giving you advice we're gonna say well hidden cost is in your portfolio she had a reduced cost us more money in your pocket for retirement we're gonna look at diversification you don't know the risk in your portfolio until it's too late you need to know exactly the risk is right now we're gonna show exactly what pitfalls unseen risk you have in your portfolio to protect yourself against the next downturn in the market and lastly we're gonna look at income in taxes income is so much more reliable the ups and downs of the market how can we increase or optimize the income on your portfolio and optimize your portfolio for taxes so is more money in your pocket less money in the government's pocket they were gonna tie it all together into our famous total financial master plan and determine the.

Bob Mister Chris
"chris payne" Discussed on 77WABC Radio

77WABC Radio

06:43 min | 2 years ago

"chris payne" Discussed on 77WABC Radio

"Eight eight eight that's the word bullish five by five eight eight eight and now we have a very very special guest on the show my brother Bob son and financial adviser pain capital management Chris Payne could have your shows when a brother a brother too good to be here in your right I am special the special quotes I mean we ARE special Chris very special that's right you you translate that how you see fit well Chris this is our spotlight segment and you each week we dissect a real plan to plan to cover the flaws or what we call pain points again spelled P. A. why any so that our listeners can avoid the same mistakes with their planning investing in you worked on a case recently when you break down this case for our listeners and let us know what you did here to get this couple on their path to financial freedom all right sounds good so yeah this is a very interesting cases of all my cases are but this one particular interesting so you know one thing I always try to do I should say always I always do this I always find out first and foremost what each person is trying to accomplish with their money like where their personal financial goals and you know maybe not necessarily financial but you know emotional goals material goals yes Sir right up front I was one understand what's driving all this and for this particular person their biggest concerns with that they want to reduce risk they wanted to reduce the amount of taxes they're paying and then finally they wanted to start managing the portfolio on their own so the first thing I said as well you know why you want to reduce risk why is that important what does that mean to you and they said well I think right now my portfolios very risky you know I've done really well the last ten years I got lucky back in two thousand eight and pulled out and since then I've just done extraordinarily well and I can't really explain why but I think that my portfolios is very risky at this point and I'm going into retirement so having a port fully that's a lot less risky makes more sense to me you know in case there is a market pull back I don't want to lose a lot of money to present the views they pulled out two thousand and eight how did they make any money well they got back in now okay yes I looked the part pourtant detail they pull their money out two thousand eight and then they re invested it so sorry about that so is it more along the lines of I'd rather be lucky than good here in terms of them getting back into realizing that we got lucky as opposed to it was some gifted insight into the future or what was the thought process there it's definitely be the former she knew that that she got lucky and she didn't know why and she did want to get to that position again because she felt that as with most people what can sometimes run out yeah well said Chris how old is this couple there in the early sixties engine you know they said they they made a lot of money and it must be pretty heavily weighted in stock market very heavily weight as a matter of fact like probably ninety nine percent of the cases that come to our door most their money isn't large cap U. S. stocks yeah when an interesting because we all think of ourselves as being moderately conservative but then when we look at these portfolios they're actually extremely aggressive and you know we don't realize these things and and and less we have hindsight right risk itself is only recognised in hindsight so they they're sensing that they're taking more risks than necessary net that really came to you at the right time I would think yeah absolutely and you're the one thing that was really heavily communicate to me was that that they're very fearful you know if the market pulls back you know that's really I think that's that's really can derail what our plans ours is exactly how they put it to me yeah you know the truth is I that's actually true it would you rather plans I mean how many people we know how to go back to work after the market crash in two thousand and eight the other completely tell their plans to route and I think that's a good point Bob you made here and Chris is what this investment analysis spreadsheet guys it shows you where that hidden risk years because when the market's going up like it has you're not really aware of the risks that are actually in the portfolio is in the quote you know question is if it goes under the stress test the market goes down how well is your portfolio gonna hold up in this portfolio based on this analysis would not hold up very well yeah exactly I I would say even back in two thousand eight had they stayed in they probably what it's taking close to a forty percent hit and to B. millions of dollars looking at the size of this portfolio and no one wants to see their portfolio go down by millions of dollars when they retire that's just like what Bob like to say a buzz kill I feel like that the way more than a buzz kill that's that that might even be a a financial life killer yeah I know I think and you know what I like to do when I sit with someone you just meeting for the first time in their aggressively invested like this is like take a red pen and I crossed out there you know seven million and show them what forty percent down looks like an right that number on the statement well boy that's a that gets people's attention I know it's funny you mention that Bob that's exactly what we did I actually took their their total value deport fully I said this is what would happen well you know I think that the interesting thing is that the proposed portfolio what you recommended they do not only reduces the risk but it looks like they're going to increase their cash flow by over a hundred thousand a year is that right that's absolutely correct not only that he gets exactly what we all want retirement exactly and and not even that it's also going to reduce their it's also going to reduce their tax liability by using tax free municipal bonds so right you know I know hundred thousand may not sound like a lot to some people sounds like a lot to medium extra hundred thousand like to give me every year and must be rhetorical question to the answer is no Bob okay just checking but no it doesn't matter whether it's ten thousand a hundred thousand or your quarter million dollars increasing cash flow which is a castle that's going to be repeatable dependable actually go up every year well tell you what that's that's really what you want to think about when you're in that distribution phase of your life once you're in retirement yeah absolutely and not only that but compounding it over the next twenty thirty years makes a huge and drastic difference no I I I see a part of your analysis Chris it they just continue if they get that additional cash flow in a compound that the average rate of return in twenty years they're gonna have an additional four million dollars yeah I think that's it I think we can all agree it's a very big number and that could that could purchase a lot of vacations and and many other things that this couple really wants to do you know once they stop working yes incomes predictable capital gains aren't they were smart enough for lucky enough to get an aggressively invested where they meet you at the right time absolutely what you know I always say you get a better outcome with income and he well like about this Chris is your less reliant on the ups and downs of the market and your more reliant on predictable income that comes in every single year so is Bob likes to say the nother financial masterpiece well done on this thanks a lot Ryan as always I always appreciate having all pain weekend with you and dad it doesn't get better specs with our special brother gassed if you're thinking yourself right now this is the kind of review I need I need.

Bob son Chris Payne
"chris payne" Discussed on KIIS 102.7

KIIS 102.7

07:36 min | 3 years ago

"chris payne" Discussed on KIIS 102.7

"Catering delivered as early as five AM breakfast taco and for Hida bars with all the fixings delivered set up and ready to go I need is with eight locations in northern Virginia adidas Corp dot com get told maybe today for huge fifty percent off all outerwear that's right every cozy coat jacket and vest is on sale for a huge fifty percent off but hurry it's one day only today at all maybe an old maybe dot com Fallon eleven nine excluded store clearance radio Tom nine eight nine Joe Joe on the radio number tonight by Jersey Mike's double the Jersey Mike's apt order head of the line Jersey Mike's be a server above most of you I know you want to be in on you are a waiter or waitress what happened was a deal actually happened last Saturday around one in the morning he's too drunk guys come in our he thought on making sexual comments if talking crap and I was so fed up with it yeah I just went back I ordered and take it I got all six of the thought is that came on it orders each and everyone of them I know on his sausages up your nose the schools are not self so this and use the key because it was tonight and you it was I needed we it was a no show it was easy cell phone put you first in Utah so the sing off key I I need to the strings he Chris Payne somebody's bills for a year and life changing wanting to check that one of two point seven KIIS and.

"chris payne" Discussed on KIIS 102.7

KIIS 102.7

13:59 min | 3 years ago

"chris payne" Discussed on KIIS 102.7

"Breakfast lunch and dinner get your catering delivered as early as five AM breakfast taco and for Hida bars with all the fixings delivered set up and ready to go I need is with eight locations in northern Virginia adidas Corp dot com playing with fire is the hardest family comedy of the holidays they're just kids Alexa yes we do your Lexus broken at the club John Cena please with fire rated now please radio Tom nine eight nine Joe Joe on the radio number tonight by Jersey Mike's double the Jersey Mike's apt order ahead if the line Jersey Mike's be a server hello most of you I know you want to be in on if you are a waiter or waitress what happened was the deal this actually happened last Saturday around one in the morning he's too drunk guys come in our he thought on making sexual comments if talking crap so fed up with it yeah I just went back I ordered stop it and take it I got all six of the thought is that came on it orders each and every one of them I know his sausages up your nose the schools are not self put you first and you would do so and you key because it was tonight and you it was I needed we it was a no show it was easy cell phone your first in Utah so the sing off key I'm still the strings he Chris Payne somebody's bills for a year and life changing morning to check that one of two point seven KIIS and we can instead to use with say stay stay say we can you see you see triple XL get.

"chris payne" Discussed on KIIS 102.7

KIIS 102.7

06:54 min | 3 years ago

"chris payne" Discussed on KIIS 102.7

"Night at night with. Chris Payne somebody's bills for a year. twenty twenty four X. four grams bills to us you know works kiss FM dot com your bills Taylor. number eight the the dress. and is it that. seven twenty. in. please make the call. you. the. number seven. again. and. so. Sandra. one. just to. one or two point seven. so like nine thirty if it's for a date and states are ready music festival for facts get ready Billy I wish you know. the must examine others. coming up nine thirty what's up where were you on nine.