35 Burst results for "Fiduciary"

Everything you Need to Know About Buying From a Wholesaler

BiggerPockets Real Estate Podcast

02:10 min | Last week

Everything you Need to Know About Buying From a Wholesaler

"Today's first question comes from read an m. red ass purchasing an assignment from a wholesaler. What do i need to know. They have their own attorneys and title company. Doing all the work. Should i have an attorney. Look over the contract on my side. This is a good question. Because more and more people are actually buying from wholesalers. Right now you should expect to see more of this. The hotter than a markets. When there's plenty of deals on the mls obviously people would rather go to the mls. In order to find properties gets us an agent. They don't have to worry about as much of the due diligence being done on their own without guidance but as wholesaling is becoming more and more popular these type of questions come up a lot more. There's two ways that i've seen wholesale deals go bad. Those are the two things that you want to focus on. The first one is that you don't have a fiduciary representing you in this transaction because there's no real involved which means a due diligence is all on you. I've bought a wholesale before. Where i was told it was fourteen hundred square feet. The property ended up being eleven. Hundred square feet. I took the wholesalers word for it and i didn't do my own due diligence now. The problem is it appraised for exactly the price per square foot that i thought my bird woulda went perfect but because there was three hundred square feet. I actually didn't have any equity in the deal. And i ended up paying market value for that eleven hundred square foot house thinking it was fourteen hundred square feet. So what am i getting at. Make sure that you're doing the due diligence and you're getting a home inspection on a property. That's coming from a wholesaler. Now a lot of wholesalers to pay cash for a property. You can pay cash and still get an inspection contingency. You need to talk to the wholesaler and see has inspections been done on this property. And what is my timeline to back out after. I'm doing inspections now. They probably won't call an inspection contingency because you're not getting the same type of a purchase agreement that you get with the realtor so the question you need to ask the wholesaler is. Hey if i have the put it oposite down. do i have to get that deposit back or be. If i move forward with this house can i just not put. It applies it down. So i could get some inspections done and if it doesn't look good i'll get out

Red Ass MLS
"fiduciary" Discussed on What Bitcoin Did

What Bitcoin Did

08:10 min | 3 weeks ago

"fiduciary" Discussed on What Bitcoin Did

"Years. And or what's going to happen in the middle east or what's happening with religious wars. All of that stuff is already going on. And i don't think bitcoin is still exacerbates any of those problems. No i didn't mean that. I i mean i just worry. Generally speaking about what's what's going to happen over the next few years and people potentially because if the government's com tax and they redistribute income the way they have this kind of gap between people being used to live in social programs having a social safety net and that may be disappearing and how that transition happens. It's not that i blame. Bitcoin is just i. It just weighs on my mind because we we do live in a world where most countries have some form of social safety net and those could eventually dissipate. And i just worry i. It weighs on me. What the transition is what that means people. You know it's like leaving. You talked to the libertarians and i spoke to sco horta months and he said i don't want the big red button to switch. Government needs to be a transitionary paired with eight billion people on the planet. It's right it's okay to worry. I worry about the same thing you know both have kids. It's like you you worry about. We know what's going to happen in the future but You know. I still like i. I've become more optimistic You know as opposed to twenty year old me as much more. Like extreme views Now i just see that there are so many people around the world that are driving. Change for good that i just. I believe that it's going to all work out in a big win will serve this purpose. That transitions us into a more equitable feature on. Doesn't mean that it's going to be without government And i don't even know if it does have any larger effect on the government's ability to function in the future. A governments might exist in the future the same way that they do today on terms of their function but the monetary system that underpins it has changed and maybe takes away a little bit of their power But again it's it's so far into the future. I don't know how it's going to play out. But i do think that bitcoin serves this role as an equaliser as it doesn't allow The bastardisation of money as much as we've seen over the last few hundred years all right. Look the last thing. I wanted to raise with you. We finish is the network. And i remember last time we spoke. I said i'm sure i said to you. I pretty much dismissed the lightning longtime just like okay. I'm not really spending my bitcoin. I really use bitcoin so very occasionally i send some always into over the base lab. I've no need for the lightning network right now coming out here. I absolutely see the need for the lightning network for people to be able to move money very very quickly like when you go into a store and you are paying with bitcoin which people are doing. You absolutely fundamentally need the line network. I know you've spent laws hundred lightning network. How do you feel about it do you. Do you see the use case now for it really starting to explode will absolutely the lightning network is an acceleration of the velocity of bitcoin by participants already in the network. And it's just a it's so important to strengthen the network effects of bitcoin itself because if you're between user and i'm a bitcoin user We should in theory. Never be a doing on chain stuff with each other on. Change should be reserved for the more you know. The larger transactions enlargers final settlement but In a bitcoin economy and especially in the digital world Streaming money to each other Is going to be the norm and you need lightning networks do that. That's why when i saw seguin happened to bitcoin. I was like this is. This is a legitimate upgrade for bitcoin because it it allows. Bitcoin used instantly by participants that have already bought into the narrative. And so yeah. The lightning network is is here to stay. It's growing technology is rapidly evolving at also is capital markets framework for bitcoin Like the team lacking labs is building of products that have the idea of capital leases or Roast beef and is working on something that is going to build a zero coupon yield curve on bitcoin which is a very technical sort of thing but it really shows that lightning network brings all these additional characteristics and metrics to bitcoin that make it so much more usable for people that are already in the network so it's just like if if you were to say why would we need ben mo- when we have cash is like you they're they're different functions for for different softwares late network is basically a software uses the bitcoin software so It's a very useful software that I'm extremely optimistic about. Yes me too. When it's always a pleasure to talk to you. Love having you on the show. That if i can ever do anything to help you should let me know when you want. Come and promote the next book to read it first but people should tell them where they can get. Yeah you can find. My book is called layered money on amazon worldwide. Just google it is is everywhere now. The audio book is also available. Read by guys swan Ooh and it's a great listen. He did a fantastic job. And i wrote the book. Absolutely convinced that i was going to ask i to read it so The books going great. You could find it on. Layered money dot com. I handle the least there and you can find me on twitter at time value. btc he. I really appreciate you having me on and I'm i hope that we can do this person as soon this year at some point. Yeah well we did get to do. All i ever interview in person Of mr in president vs really struggle remotely Is so much easier person to have the dial going a little more comfortable so hopefully. I'm going to get back to this point. I'm thinking to get myself a studio in texas in austin at some point and And guard their every couple of weeks and record a bunch of interviews fingers crossed our happened as well but listen appreciate you dude appreciate everything you been listening by next book. Come on. it's an amazing read. And hopefully this year we'll hang out. Take care okay that one. I know some of you really enjoyed the nick shows. The downloads of them are always gray. Nikki smashing it at the moment. His book layered. Money is absolutely flying and this article was another banger. And if you haven't checked out the links to both in the show notes and if you want to hear more from nick than go into episode two eight one which was one of my favorite interviews of last year. If you want to get in touch we want wanna jump in the telegram channel. Please do just what bitcoin did. You can hit me up at. Hello what bitcoin dot com if you want to the show. Can you leave me review just head over to apple. Podcasts reviews help with the listens and doing pretty well with a moment. And that's down to people like you leave me. Five star deserves it. I also read the one star once this negative feedback. I do listen to that. I do want to make the best show possible. But yeah if you leave me review. That will be very cool. I'm here in guatemala. I am out here checking out. What's going on the bitcoin out there. That's very interesting. I think i'm going to record a show here but some of the people. I've met some really interesting stuff and quite tragic story about what's going on him. So i do wanna cover them hopefully support the people here or i'd have a great rest of your week on. We'll see you on friday..

amazon one star texas Five star friday twenty year last year twitter austin Nikki guatemala apple both google this year today one eight billion people nick first
"fiduciary" Discussed on What Bitcoin Did

What Bitcoin Did

08:15 min | 3 weeks ago

"fiduciary" Discussed on What Bitcoin Did

"Charging people in our for invoices and you know or quoting an amount of bitcoin. Now i use. The words asked but like trying to convert people by saying. Oh it's a big claimed but it's about sad and convincing them of the unit is or convincing them that you know. Bitcoin is actually an empowering technology or convincing them that they shouldn't be beholden to their government. Debasing the currency is just like. Why do you need to convince everybody. We've already Gotten the adoption curve underway People are people are spreading the word about bitcoin. Naturally it's being adopted and You know not. Everybody is going to hop on board. But that won't prevent bitcoin from changing the world in the same way that the internet it like there were still people that didn't do a website for their company. You know years and years after The internet had or people that still weren't on email but eventually everybody has to use the technology that's being used by the world. And i think ignoring bitcoin is also ignoring geopolitics. So bitcoin is macro now. If you look at oculus them geopolitics around the world. You have to put bitcoin. It's your model. It just it is a natural evolution of the weight of the world is moving now. You can't ignore it as some fringe technology or some alternative money either. It is going to play a role in the way that governments devolve You know. I always think back to a cousin of mine years ago. He was like lightweight so but if if people can just send bitcoin to each other peer to peer doesn't affect the way that governments will be able to collect taxes in the future. I'm like you got bingo. Like bitcoin changes everything and so. Bitcoin is changing tax collection today. But i guarantee you. It's going to have a role in the future on how governments are trying to collect it when everyone's using bitcoin. How are they gonna tax. Our they going to spend in the same way that they do today. We don't know okay. There's a couple of things to dig into this. Do the sad thing. I so you're referring to this kind of the standard trying to get exchanges to pricing insides blah blah blah is. That you is your concern. There is that it does some of the great work in building. What is the brand of bitcoin. Not necessarily as my personal preference. So when i give. Bitcoin wanna win presentations. I tried to the price altogether and focused on the market cap. I call it the total market value. So that people exactly what. I'm talking about the size of bitcoin. Because that's how you put it in context with gold with the treasury market. It's how you get to ten trillion dollar. Bitcoin thirty trillion dollar bitcoin which translates into five hundred thousand dollar prize. You know to a couple of million dollars price for big her bitcoin. But if i'm trying to ignore the price altogether and focused on the market value for context for my audience you know what good does saying that a thousand stats can be bought for this many dollars. It doesn't serve me any purpose to explain bitcoin or to convince people that it's not too early in bitcoin. Telling somebody that Oh you can buy this. Many ads for a dollar is not gonna convince them to buy. Bitcoin relatives saying bitcoin is only one trillion dollars. But there's four hundred trillion dollars of investable assets out there. It doesn't serve me any purpose. I use the word in my book. I explained that you know. This is the smallest unit within the bitcoin software. And you know it's it's shirts. It's an important detail but you know the standard were getting people to think instead so that you know we you know a sixty thousand dollars doesn't scare people. I don't agree with that. Yeah so the second point to dig into You asked me earlier about interview and all these people kind of what's on my mind You mentioned earlier. Some people might not have direct Might not directly on bitcoin but maybe exposure via the stock market. And then you also talk about what will happen to currency when governments contacts etc etc. I'm not an anarchist. I've been very clear about that. I i definitely theoretically buy into the narrative. I'm just not there yet. They're sern- aspects. I guess if anything. I'm supporter of small limited government. One of the things is going through my mind is do we eventually see carseats collapsing or will we always say a. dollar next to the bitcoin and that's where i'm wondering what happens because if if bitcoin does contains grumpy keep wanting to exit the dollar like they've essentially doing here in el salvador. What does it actually mean. Do we actually get to the point. Where it's just the currency people. Using what are the implications. Can people actually get their hands on sats what happens to dolla so that that's really on my mind article articulating very well. But i think you can totally understand the kind of head space. I'm in yeah. Think absolutely and i. You know i Outlook eight in my opinion on that is that unless we have world peace you're going to have government currencies and so And so as long as there's competition between countries there's going to be government currencies because currencies policy tool at allows countries to do things. And so i definitely see central bank digital currencies introduced it Replacing those old currency systems altogether over the next several years and it functioned side by side with bitcoin again. That's why i'm starting to think of bitcoin. More as an investment not less as money is still money and That's what it was invented as as an alternative form of money but it also serves as an investment alongside government money For for a lot of people and an end. I think that it will continue to do that over the long term so that the dollar won't go away. I do feel like we will have less currencies around the in ten years than we do today as weaker currencies succumbed to the dollar and bitcoin And you know. The chinese renminbi if they're in that sphere of the world Where like in el salvador zimbabwe. they're using dollars Other countries in latin america are doing the same thing and so i do feel like currencies will die in In countries that just have less stable regimes and less stable currency street. It's really interesting period of time to live through. There is absolutely zero chance. I i could have predicted this five years ago. I'm not in bitcoin. I have no expectation of a new global currency to exist. Now we're living through and what's happening in real time and get to sit on the front lines of it. As it happens is really. I think is really interesting. I do worry sometimes about the implications of this like what is the nets outcome. Does bitcoin cotswold become a little bit more unstable on the path to bitcoin standard. I do it does way on my mind how this all plays out how this become a very unstable time geopolitically economically what the implications people weighs on me. But i don't know how to look at it so like sometimes when the price goes up. Get very excited. Because i hold a bitcoin but then other times i'm like shit. What are the implications of this. What are the real implications of this. I think.

thirty trillion dollar ten trillion dollar five hundred thousand dollar sixty thousand dollars el salvador five years ago four hundred trillion dollars ten years one trillion dollars zero chance latin america central bank One second point today el salvador zimbabwe years each oculus of million dollars
"fiduciary" Discussed on What Bitcoin Did

What Bitcoin Did

08:02 min | 3 weeks ago

"fiduciary" Discussed on What Bitcoin Did

"Experienced release in excel. So when i'm i do think of myself as kotor within the xl program. Because i'm building tools. Turn x y. And i'm an you know a little bit of visual basic which is like a code in the back of excel. But i failed coating bosses in in my master's program. So i just know it's not. It's not my skill set Mike coding career was very short back in. When i was twenty two twenty two years ago i needed a website. I wanted to build one. This book on hasty mount. I learned and he was very easy. It's just a markup language opening tag say as a baltic opening tag closing tag and our bowls very basic language to learn but the next step was to learn javascript and javascript. Birkin struggled with it. But what i did. Do i also building things single flash. Remember what the flesh crab that was on the has a language behind it could action script and i struggled. I really struggled to understand coding. I really struggled to understand the way it worked. Then just one day clicked one day. I was like building a script to do something. And the logic of how a script is executed in order for to create the outcomes that you want and then once i did that was like always very easy like i would learn to build objects and blah blah blah. All this stuff. Remember it now. Because i ended up thinking i don't want to be a code but one day clicked and i think there's this thing with bitcoin is like when you're an outsider. I think you can have a number perspective. You can look and go right is it. Is it just like digital money. Doesn't mean anything because it's not backed by anything like you see those kind of stories you call make of sensitive because in your world monies issued by government online money docucomp mean anything right and some people get dragged him for whatever reason they got on the rabbit. Hunting sunday clicks just clicks. And there's that moment so. I feel like there's like this line side of it and sometimes we don't understand each other so sometimes. Bitcoin is on patient enough to try and help people on the outside coming in with perspectives. They come in and they'll say people on the outside on patient enough to go in and learn so there. Is this two worlds a tell you what coming down towel. Salvador has been a mind blowing experience. I came here eighteen months ago. I was a little bit confident. Uruguay in michael peterson. Who runs bitcoin beach and he was like. We've got this little. Bitcoin project happening in el salvador. Can you come. And see. And i was like. Yeah so i got to fly. Came out to el salvador. Basically someone had donated some bitcoin. He set up. This program will to keep kids out gangs. You'd give them jobs and pay them. Bitcoin and then he got the local shops to accept bitcoin. Like i think there was a hairdresser and a couple of stores and i was like kind of corners kind of interesting but yeah good. That's going to be a struggle blah blah. We've had a pandemic is my first time back. I've come back. So i can get into the us. So i just started coming to some two weeks. I've come back and it's entirely different. Every single essentially had micro hyper bitcoin. Ization here in l. Sunday every single store pretty much accepts bitcoin. Everybody locally wants be everywhere i go. I went yesterday. See specialist about my back into pair she said. Can you pay me a bitcoin everywhere. We go like the coffee shops everyone bitcoin. Everyone's moms bake when everyone is using bitcoin. And that for me was the moments like this actually can happen. This can work. You can build an economy based purely on bitcoin. So this to me right now. What's happening here in l. Asante little tiny town in el salvador is the most important thing on my mind right now honestly my mind neck incredible and really speaks to the different use cases for bitcoin because in united states everyone so focused on the dollar price. Is the dollar price going up or is it going down. And what's the cycle was the target price in dollar terms but in different parts of the world is like our currencies six. We need a new one. This is the path to the future. and then bringing back china. They're looking at in their light. That appears to be the greatest investment opportunity in the world. They're not thinking of it as an alternative money and they're not really even thinking of it is oh the prices volatility going to go up and down there looking at maybe that might be just the best long-term investment for us as a people so everywhere you look. There's a different use case but the network effect of everybody knowing. Bitcoin is just getting stronger and stronger. as we as we move forward and it's just it's really exciting and it's why i've chosen to just keep writing about bitcoin because there's so many questions that need to be answered. Everyone gets caught up in the old coin hype cycle every few years. But none of that is cognizant with this narrative of. Bitcoin is a base technology for the next several decades. I mean it is in your stay and the the the network effect of it is getting just so strong. Well the people down here in el salvador was really interesting is is. They've learned why they won't bitcoin. They've they've just click from on. They've learned why they wanted. They like they've they've crossed that line to go when you pay me. Please pay me a bitcoin. They don't want the dollar and they know bitcoin's volun- yes we're in a bull market which has been great for a lot of them but at the same time they won't bitcoin. They know they need bitcoin and they transferred some of it back dollars because some places they need dollars but they won't bitcoin and yeah. I find super interesting. But then i go back home and all my friends know. I've got a podcast. Not only the pulse got like a podcast like been really successful this last year. They know what the topic is. The bitcoin nope care about it. Nope because i think they haven't been through enough pain yet with money. They've lived through. Valey insidious slow debasement really noticed the debasement from month to month you get paid you gotta the pub you pay your mortgage by blah. That's pretty much what it is. They've never had issues. Moving money around. You come to a place like el salvador. They have issues getting money moving money. I mean there's no cash the funny thing about there was no cashpoint here but there is a bitcoin cash boy. I think i think where you have pain with money or difficulty or you know you learn about it becomes easier. I think generally speaking you know you in the us. And the uk people in your. We've had it too easy. So so essentially the only people have really benefited from those who've got in early enough done the work been. I also say. We're lucky. In some ways i i was. I feel lucky to have discovered. Bitcoins been life changing. I don't know how. I don't know how we get that kind of like explosion in places like the uk where everybody sunday says. Oh shit we need this. And i'm assuming it potentially comes with a massive increase of inflation. Soon i mean we've got a massive debt issue in the uk you have in the us. We perhaps say. I don't know man. What do you think i. I don't agree with that. I don't think that inflation gets out of control in the uk or the united states to the point where it drives people into realizing.

Mike el salvador michael peterson yesterday Uruguay excel china javascript eighteen months ago two weeks last year one day Salvador twenty two twenty two years ago united states l. Asante little xl l. Sunday uk
Bitcoin, a Fiduciary Duty With Nik Bhatia

What Bitcoin Did

02:17 min | 3 weeks ago

Bitcoin, a Fiduciary Duty With Nik Bhatia

"Nick could see again. Sorry sorry delaying this interview. No worries great to see you so firstly. Tell me how the book is going. It's going break Were eighteen thousand copies worldwide. Now which is really really exciting. That includes as some i runned. Orders from asia and china over those foreign translation rights have been signed. Verse runs have been ordered. So i'm really excited about The chinese version Are urged with social sciences academic press which is publishing arm of the chinese government and so they are fully embracing the idea of bitcoin as an investment. Which is something that. I'd love to get into a little bit more today. Not necessarily as money or as a competitor to err currency but just as an investment and the the book is just gotten great feedback around the world so just released added about where it's going. What's it was. It meant for you. Though i'm i'm assuming since been released your dm's of on fire your your emails on bonfire. I'm seem a lot of people to get in touch. How's that affected your time and kind of what you're doing folks in on. It changed everything for me because up until when the book was published. I was still trying to find my way in the new bitcoin career I worked for a couple of startups as you know Writing for them. I wrote the book. I've been writing blog articles for a few years. But i left the bond industry for good in late. Twenty nineteen and so the book getting strong feedback. Actually sell coffees and bringing in some as brought me a private consulting and writing contract gigs. But it's also encouraged me to become an author full-time and so. That's what i've decided to do. And the second book is officially underway. And i haven't told anybody about this yet but exclusive isn't exclusive here The book is going to be focused on

Chinese Government Nick Asia China
How Authentic Confidence Can Boost Your Poker Game

Poker on the Mind Podcast

03:03 min | 3 months ago

How Authentic Confidence Can Boost Your Poker Game

"The first thing that i would say to people. Is you need to invest in cultivating your authentic confidence and not just trying to manufacture confidence. And i'll explain what i mean by that to me. Manufactured confidence is when you're looking in the mirror and you're doing that like on the greatest on the best. Okay one time and this has been years ago. I went to one of those. I can't remember. I can't remember if it was a t boot camp or w. s. o. P. boot camp but it was one of them and this has been at least ten years ago probably more but at the time they had this guy. I don't even know if i should say his name is so horrible. Nobody should ever looks at sky up but he was the mindset coat he is not around. So i don't even i don't know what rockies under but he. He went away okay but his his lecture was. Oh stand up and just scream out like on the grits fokker player in the world and the greatest poker player in the world right now. I'm pretty sure. I've told this story before because just set irradiating but to me. That's manufacturer confidence right. It's not real. I'm just like i could scream out anything right. I'm beyond say okay You know. I i can screw it out is not real right okay. So how do we get this. Authentic confidence which i think is what year student and everybody. Who's listening really needs to think about. So i think we're gonna do just a little Language lesson really fast. So confidence if we look at the root of that is cone fiduciary which means with trust or within intense trust. Okay well let's think about that for a minute if we want confidence. What do we want to have intense. Trust in okay. Well our fells. Yes but more importantly we want to have intense trust with our process at war systems. If you wanna think of it that way and i know you you talked about that a little bit in your answer to him you didn't. You didn't exactly say it this way but a news what you meant And you were telling him to continue to work on his game to make sure that the downswing wasn't effecting his decisions right so basically what you are saying. Is you need to work on your game to the stent that you have this confidence that you know what to do bore. I'd say if you're newer to the game. You're going to be like i. But i don't know what to do. That's true but you can say. I have confidence in myself that i'm going to make notes on this and then i'm gonna go find out what i needed to do whether i get a coach or ask question the facebook group or you know i look up. Articles or podcast. Whatever the case may be okay. So that's what i'm talking about.

Rockies Facebook
Andrew Neil Comments on Trump's Ban From Twitter

The Charlie Kirk Show

03:23 min | 5 months ago

Andrew Neil Comments on Trump's Ban From Twitter

"On our live stream of first. I want to lead with this paper here. Of I think Andrew Neil is his name. Very serious journalist from England. I wish our country had someone is serious is him in a high position. He's very tough on both sides talking to the head of Twitter advertising former head of political advertising a Twitter play tape, I think what does concern people Pizza, though, is the sense of unaccountable power. Whether you agree with what Twitter is done, whether you think it's bias that attends school for those on the right rather than the left. The bigger issue is unaccountable power, particularly when they seem to act in concert. I mean, these air is a company's far bigger Then the oil, the railways, the steal the robber barons of the end of the 19th century in America, they've got much more money and much more influence. And yet Twitter bans trump for life. And you've given the reason why, and then Incitement to violence is something that has there's not a right to that in free speech, but Trump's people then C. All right, we're gonna move to parlor. We could do stuff there and then immediately. The rest of big tech causes that down as well. The APS are you cannot get either from Google or from Apple, and Abbas says we hosting you anymore. That's a cartel. In America cartels are legal. Amen. I love Wen. Non Americans tell us about our laws. No, I actually mean that non sarcastically because I feel as if we get so wrapped up in our own. Political circus at times that we lose kind of a connection to Exactly what It's happening in our own country, and whether the Department of Justice will investigate cartel like behavior remains to be seen. Probably unlikely. With the new administration that is coming in, however, a Zenger Neil, I believe that's his name, pointed out. The behavior of these companies is that one hand washes the other. That is literal cartel type behavior that they don't put profits and even their own fiduciary interest First. Instead, they put the incumbent economic protection of the combined interest of their company's first That is not legal. That is that is that that's beyond monopolist. Just so we're clear that is a different threshold than monopolistic behavior. So monopolies are illegal because you dominate in one space. Cartels are illegal. Even more so than monopolies because then you have different types of companies that are leaning on each other, too, then go after competitors wherever they might arise. And so we've seen this now with Amazon that dominates the server space 49% of all rented out server space goes through Amazon Web services we've seen that threw Apple, which provides a majority. Of the smartphones in this country, so that through Google that has 92% of all search results in the country's Elvis. So you Google plus Apple plus Amazon. That's a cartel. To say the least. What you think is about? Yeah, we've reached a new level of antitrust violations here, and obviously we created antitrust laws in response to monopolistic behavior from corporations in the past. But honestly, that's not even touching what's

Twitter Andrew Neil Zenger Neil America Donald Trump England Abbas WEN Apple Google Department Of Justice Amazon
What Will the World Look Like When Crytpo Is Fully Adopted?

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

07:14 min | 7 months ago

What Will the World Look Like When Crytpo Is Fully Adopted?

"What do you think the world will look like. Once crypto has been adopted. There's there's two sort of visions. I think i don't maybe we can just be honest ourselves. Sometimes i worry about the vision. We have for currency so aware. I started and i have a lot of respect for jeremy in the team at circle. Because back when i was in grad slow boston actually used circle to violate quinlan. So kudos huge you. Jeremy you saved me from my days for buying the clan on craigslist in using fan. So i could do how well yeah. So you obsolete neat stack my my sats. The early days of the coin The i think they're sort of two visions and they're two very different visions the vision. I've always had for bitcoin that i think. Really compelling one is the separation for the first time of money and state. Money has been object of the state since julius caesar stamped his face on a gold coin and i think really the experiment. We're attempting here like the world is no longer defined by physical orders. We live in a very digital world. Anyone could be anyone on. The internet has many different identities many different communities where part of sometimes as our default reality south. Sometimes where donnas you know there are a lot of eggs anonymous individuals citing. We live in this really interesting world that is truly becoming borderless antony. Bitcoin really represents the evolution of money transfer value in that world. But in the same time. I think governments are looking at bitcoin Right now we're living in a world where governments are trying to ban math. They're literally encryption. We done this time and time again. For the last twenty five years since incriptions existed but the advent of central bank digital currencies. In certainly what. We've seen in the asia pacific region in particular the advent of dc p. and Sort of national quote unquote digital currencies. You do have a lot of concerns around the ability for people to have financial privacy. Privacy transactions privacy communications so we have these two very different paths down which we're heading. I don't know if they're gonna coexist. Don't know if it's going to be an ethic collision and i know jeremy also you know than working a lot on uscc which which arguably has replay here. But i think the future of joe currencies in our society is sort of at this. Very interesting impasse. I want bitcoin to exist. Ideally people have the right to privacy that people have the right to sue committee in their transactions. But i think governments certainly do not like that and are advocating now for the antithesis of that which is central bank digital currencies and monetary systems that. Give them complete control the ability to exert financial censorship at every level of society. Driving up tacit. Tiv know early. There's so much there. I i guess i it just as a technologist The to the question of you know. When will this be mainstream or however you wanna call that my view is that you know. Things are mainstream in terms of technology when they disappear when they're invisible people and and when when essentially like people just take take them for granted right and said depending on your age and depending on where you are like. You might take for granted social media. But obviously that wasn't something that existed Wherever x. number of years ago you might take for granted that you have this amazing you know Supercomputer that just like that is reality. That is what the world was but obviously that had changed so at. What point is the use of crypto so ubiquitous and so embedded in so many things that we just take it for granted so were were. We have credited ago on that. But i think we're making really really strong progress. I think when. I also think about that question. I really think about Crypto and blockchain Is is. It's a pretty broad surface area right. You can be narrowly focused and sort of say there's non-sovereign stores value that use of blockchain infrastructure. You know bitcoin cash you know cetera et cetera which i completely agree with melting right. There's this this is this new form of borderless internet money and it will continue to grow and scale. And i'm i'm quite quite optimistic about that. But then there's the the fundamentals of the broader technology right so you know public chain infrastructure as effectively a new operating system layer on the internet. A new set of systems for storing data conducting transactions and executing code. That's what operates systems can help. Do these new operating system layers are very very general purpose in many respects there well suited to what i call fiduciary trust applications but can also be you know i. I was in a hackathon panel with melting the other day and we are looking at someone who built a decentralized messaging application on top of salona. The point being anti-centralized fantasy football fans in so digital games. You know messaging applications all these things on decentralized infrastructure web three cetera. Like that part of this is also a very very important part of this and so and you know something like stable coins like regulated stable coins like a us dc or potentially libra like these. These are also like apps that run on this new operating systems and could be quite popular. And so i think in terms of the question of when does that become mainstream. I think we're really close there. I think in the next twelve to twenty four months many of the most popular digital wallet products in the world that are used that we think of unused like as peer payments. And things like that. They're gonna turn on these protocols they're gonna turn these on and you're going to have you know all of a sudden hundreds of millions of people that can make interoperable payments at each other and that will kind of be in the background. That will be invisible. You'll you'll just you won't be trapped in making payments to people who then mo you'll be able to make payments between van mo and square cash and pay pal and swish in sweden and vips in norway. And you know go around the world to all these different apps. They're all going to speak. These common protocols in i think that's a a mainstream phase in digital currency. That's that's coming. I think ultimately that same number of people who might feel okay like i'm using euros or dollars or whatnot feeling comfortable using bitcoin that will grow to and eventually i would expect billions of people will will wanna use bitcoin to

Jeremy Quinlan Bitcoin Julius Caesar Blockchain Antony Asia Pacific Boston JOE Football Van Mo United States Sweden Norway
A Discussion with David's Former Investment Firm

Money For the Rest of Us

04:48 min | 8 months ago

A Discussion with David's Former Investment Firm

"Welcome back to David Star. Great to be here. Thanks for having me. Yeah we'll works cited. We could we need some help with this podcasting thing and before we do a deep dive, we thought maybe we start out with the effigy year. So first things first, you often reference at Bejesus has not by name but your previous job. So listeners, what did you actually do it E. G. DE MATURE? So I joined Effigy Nineteen Ninety five it was a very small firm at the time only twenty five employees and then I was there seventeen years left in two thousand twelve and at twenty five person firm We pretty much did everything everybody did everything? So I was an analyst consultant. Research then I became a partner in nineteen, ninety eight eventually was on our effigy executive committee for many years I co founded what became effigies Osceola effort at the time it was called managed portfolios, and so I oversaw portfolios and then when I left I was. Co leading the research group is chief investment strategist and chief portfolio strategist. So it was it was a great. Have Very fond memories of a years at effigy and learned to bunch. He is you even prior to your came up we were. Looking at a research report and I said, well, how does that researcher Borno Greg is so old it David Stein road like oh boy. Update that one exactly a what are some of your favorite memories are lessons learned from your time at you? As a young firm at the. Twenty five employees there's always been very low turnover both from co workers, partners and clients, and so it's just it's those years of being with colleagues and clients and the trust that you. You have in in your fellow co workers and that that's one thing I miss about not being with a firm is just the trust you have in your fellow partners. What learn was just we were all curious. And we were all trying to figure out how invest markets work, navigate, increasingly complex capital markets, and so I I really liked the constant change and that's that's one reason I got into investing instead of having to move to the next job all the time. Everything else was moving around us in terms of how markets revolving and so that that was great and the big takeaway from that is as you know, you learn humility as an investor and and the reality is no one really knows what's going to happen. I thought when I was an advisor that I had to know that like people were paying me to predict the future and you realize that you can actually manage assets an allocate assets without having perfect foresight. There's ways to manage risk and to do that and make decisions and just recognize that we don't know and the humility that comes from that longer you invest. Great there's definitely a difference between risk and uncertainty, and sometimes you you just have to embrace the the uncertainty and I thought that was that was very well said I certainly recognized I know a lot less than that I, thought I, did each year. I know less. Is a great a great mark I remember the day we're we're at A. Orders RETREA. I'm just GonNa retire and your whole life David. You're you're too young to retire like. See Retire and do what you did immediately. Turn podcasting you retire what happens next. Well now. So I left in two thousand twelve and I launched the podcast in two thousand, fourteen I I spent a couple years writing about investing I was a number of. Businesses. I started. Shut Down Because I. Was Afraid Somebody would hire me I had been investment advisers for so long I just I loved investing I just couldn't find. The way that wanted to continue to do it without. So I didn't have to manage assets and have that that Wade of that fiduciary responsibility i. was a guest on a podcast in two thousand fourteen realized that that was kind of fun because what I missed about. Effigy was an opportunity to teach to go to. An endowment, Investment Committee and to just talk about investing and talking about our latest research and so. After that guest appearance few weeks later, experimental launch a podcast though structured kind of like an investment committee just not do interviews do more a solo show twenty-five minutes talking about money the economy investing and at the time. Everyone, was more people were getting smartphones, they had data plans, and so I saw a shift. And podcasting timing turned out to be very good. As, there were not really that many investing podcasts. At the time and so that that's what I've been doing since. So it's been six over six years now.

Investment Committee David Star Partner First Things First Borno Greg Wade Executive Committee CO Analyst Researcher Advisor Consultant Fiduciary
Apple's iPhone 12 event is finally here (for real this time)

The 3:59

03:16 min | 8 months ago

Apple's iPhone 12 event is finally here (for real this time)

"Invites apples event next. Tuesday are out and all the confirmed the debut, the next iphone. So what are we expecting? Roger Chang, and this is your daily charge with me is our apple expert ensure welcome in. Hello. So jumped the gun a bit last time when the invites came out and we talked a bit about the iphone and turned out no iphones at all this September event, which is highly unusual first time ever that they as timber event without an iphone but second time around it's gotTa be iphone twelve right I mean if. They're going to have a lot of trouble I remember a long time ago. There was talk about how there's expectations around various events and I didn't know this but there's actually a fiduciary duty apple and companies have when rumors get out of control on a product and people say it's imminently coming and it's not gonNA come. It's almost like they have to dispel the rumor just to make sure that they're okay with finance and all that because people might be buying the stock at a crazy rate based on that one rumor and if they make an announcement but don't acknowledge it, they can't. So it's actually kind of i. have a really strong feeling bottom line that's an iphone. This time Brian so I mean we ran through the last time. But let's talk about what we're expecting from the IPHONE twelve for one, there's there's multiple models. There's a whole bunch of new bells and whistles, but let's let's get into it. What what are you expecting with this new family phones? This new family of iphones is going to be very similar in terms of the lineup to what we're used to. Right. There's going to be kind of an entry point one, which will be somewhere around seven hundred dollars or whatever it will be. Then they'll be the normal one which is around a thousand dollars and then the step up, which is the largest one for eleven hundred. What's going to be interesting is that there are rumors of a fourth iphone, a quote unquote mini, which for those of you remember the ipod mini that actually supercharged the ipod though I don't know what supercharging an iphone even looks like at this point, but it could draw even more demand and offer something between the iphone se. Whatever this new iphone is. But in terms of design, it's expected to look a lot like the IPAD pros. So think box here now scurvy and that's supposed to have a new chip. No surprise it'll be faster. I'm sure will change the world somehow, and then it's the big thing otherwise is five G.. That extra G is going to give us a lot faster surfing in hopefully really make a compelling argument for why people need to buy this thing. Yeah. That'll be the interesting one is the the idea that Five G. I mean there's been a lot of hype obviously talked about it a lot on this podcast of, but as I looked at it and look practically and I've asked you know some of the carriers about this, like what is the main benefit of five G. When we're all stuck at home? There isn't really a great answer. It's more like well, you know you really want it what you do go back. Out there and so it'll be interesting to see how apple frames the the benefits and the need for five. Because right now, fascists when you're on the go, you know better responsiveness when you're on the go allowed that we're not we're not on the go right

Apple Roger Chang Fiduciary Brian
Episode 003 | Hire the Right Realtor - burst 1

Real Estate Pro Tips & Strategies

06:03 min | 9 months ago

Episode 003 | Hire the Right Realtor - burst 1

"So Pete, you have 35 years of real estate sales experience. That's a long time and during that time. You've met all sorts of different types of Realtors good ones and bad ones and in between jobs in your opinion. What's the best traits to find in a realtor? What are what are some things that are important to look out for number one? I would say is someone that's a good listener and how do you become a good listener? You become a good listener and by asking questions, so one Telltale tree figure out if someone's a good listener is when you first meet them or they representing to you or they broadcasting in a monologue about how great they are because if that's who they are. It's not likely that they're going to be a good list a good listener puts you first they take the time to do the intake research about what's important to you what your goals are what your concerns are and they take all of that into account and then make Come back with a custom crafted strategy and plan to help you reach your goals. The other thing that I recommend you watch out for is somebody that is proactive instead of reacted. So, what does that mean? Proactive people plan ahead and their experience so they can recognize a certain situation and guide their clients accordingly to prepare for what could happen or what might happen with agents that are reactive typically fly by the seat of their pants. They come in unprepared they set their clients up to to have a scenario where things can go wrong in their thoughts. No plan at something goes sideways. Another trade to look for is good time management. So one clue is is if your realtor is constantly showing up late or not showing up at all or not. Returning calls took pay a timely manner. Then that tells me that they have trouble managing their own time and they may not even respect your time and time is everything so good time management is critical somebody that's empathetic someone that can really feel what's important to you and understand where you're coming from that's absolutely imperative. You know, they're real estate transactions can be filled with anxiety typically involves people moving and the becoming involved with things that are unfamiliar with them the whole process and not knowing where you're going once you sell your home or not knowing what that next home was going to look like. Somebody that's pragmatic. So what does that mean? It means that you want to be working with somebody that's going to tell you what you need to hear instead of what you want to hear em, because the stakes are high with a real estate transaction and you need to be counseled accordingly. So you may not necessarily like the council York, but it's typically good advice based on experience as opposed to sugar coating things and leading you down a path that's going to go now. We're you also need somebody that's flexible off States very fluid things can change from time to time market conditions can change overnight external events can happen that can require you to change your plan and strategy and time. So you have to have somebody that's flexible in codes you accordingly. Someone that's open-minded and creative a lot of solutions and problem-solving come from people that think outside the box and they come up with Creative Solutions that sometimes may not have that done before but it could be perfect for what your situation is. And then the other critical thing is a realtor that understands the duties of a fiduciary relationship to serve their clients. So if I do Sherry, that's the highest level of professional relationship status that you can have a similar to a doctor patient or an attorney-client relationship. And if they do Sherry has the utmost duty to provide confidentiality and put the needs of their client ahead of their own needs. Yeah, those are all really on point and and great traits to look out for I also tell people that besides everything that you just said, you know, they really should have to get along and like their realtor and trust them. There's a lot of trust involved in a big transaction like this and you have to really trust that your realtor is looking out for you and also sort of have a good rapport with them because you end up spending a lot of time with them and really trying to figure things out together. So I think it's important that you at the very least like your realtor. Well that liking is important but trust is probably the most important dynamic in a relationship whether it's a personal relationship or a business relationship off because of the trust isn't there with one or both parties. It's almost impossible to navigate through a transaction without issues coming up because of lack of trust, right and who wants to work wage? Somebody that they don't trust I can't think of anybody that does so why even get started if the trust isn't there exactly and oftentimes buyers and sellers might not trust each other in a transaction with that's understandable. But at least you have to trust your realtor that you're working with who is on your side and is is is really going to bat for you. That's right. And so if at any time during the relationship you feel that trust is eroding that's the time that you want to have a conversation with the realtor to see if you can get things back on track. And if you can't then I recommend that you consider, you know, parting ways finding somebody else that can serve your needs because it's not going to go well to trust isn't there. So

Sherry Pete Creative Solutions Fiduciary Council York
Episode 003 | Hire the Right Realtor - burst 1

Real Estate Pro Tips & Strategies

06:01 min | 9 months ago

Episode 003 | Hire the Right Realtor - burst 1

"Agent involved in the transaction. And if they have an aversion to working with that Realtor, you might have a very difficult time getting your offer accepted if you're a buyer or getting your house sold if you would sell it. So Pete, you have 35 years of real estate sales experience. That's a long time and during that time. You've met all sorts of different types of Realtors good ones and bad ones and in between jobs in your opinion. What's the best traits to find in a realtor? What are what are some things that are important to look out for number one? I would say is someone that's a good listener and how do you become a good listener? You become a good listener and by asking questions, so one Telltale tree figure out if someone's a good listener is when you first meet them or they representing to you or they broadcasting in a monologue about how great they are because if that's who they are. It's not likely that they're going to be a good list a good listener puts you first they take the time to do the intake research about what's important to you what your goals are what your concerns are and they take all of that into account and then make Come back with a custom crafted strategy and plan to help you reach your goals. The other thing that I recommend you watch out for is somebody that is proactive instead of reacted. So, what does that mean? Proactive people plan ahead and their experience so they can recognize a certain situation and guide their clients accordingly to prepare for what could happen or what might happen with agents that are reactive typically fly by the seat of their pants. They come in unprepared they set their clients up to to have a scenario where things can go wrong in their thoughts. No plan at something goes sideways. Another trade to look for is good time management. So one clue is is if your realtor is constantly showing up late or not showing up at all or not. Returning calls took pay a timely manner. Then that tells me that they have trouble managing their own time and they may not even respect your time and time is everything so good time management is critical somebody that's empathetic someone that can really feel what's important to you and understand where you're coming from that's absolutely imperative. You know, they're real estate transactions can be filled with anxiety typically involves people moving and the becoming involved with things that are unfamiliar with them the whole process and not knowing where you're going once you sell your home or not knowing what that next home was going to look like. Somebody that's pragmatic. So what does that mean? It means that you want to be working with somebody that's going to tell you what you need to hear instead of what you want to hear em, because the stakes are high with a real estate transaction and you need to be counseled accordingly. So you may not necessarily like the council York, but it's typically good advice based on experience as opposed to sugar coating things and leading you down a path that's going to go now. We're you also need somebody that's flexible off States very fluid things can change from time to time market conditions can change overnight external events can happen that can require you to change your plan and strategy and time. So you have to have somebody that's flexible in codes you accordingly. Someone that's open-minded and creative a lot of solutions and problem-solving come from people that think outside the box and they come up with Creative Solutions that sometimes may not have that done before but it could be perfect for what your situation is. And then the other critical thing is a realtor that understands the duties of a fiduciary relationship to serve their clients. So if I do Sherry, that's the highest level of professional relationship status that you can have a similar to a doctor patient or an attorney-client relationship. And if they do Sherry has the utmost duty to provide confidentiality and put the needs of their client ahead of their own needs. Yeah, those are all really on point and and great traits to look out for I also tell people that besides everything that you just said, you know, they really should have to get along and like their realtor and trust them. There's a lot of trust involved in a big transaction like this and you have to really trust that your realtor is looking out for you and also sort of have a good rapport with them because you end up spending a lot of time with them and really trying to figure things out together. So I think it's important that you at the very least like your realtor. Well that liking is important but trust is probably the most important dynamic in a relationship whether it's a personal relationship or a business relationship off because of the trust isn't there with one or both parties. It's almost impossible to navigate through a transaction without issues coming up because of lack of trust, right and who wants to work wage? Somebody that they don't trust I can't think of anybody that does so why even get started if the trust isn't there exactly and oftentimes buyers and sellers might not trust each other in a transaction with that's understandable. But at least you have to trust your realtor that you're working with who is on your side and is is is really going to bat for you. That's right. And so if at any time during the relationship you feel that trust is eroding that's the time that you want to have a conversation with the realtor to see if you can

Realtor Sherry Pete Council York Creative Solutions Fiduciary
Rob Maurer Of Tesla Daily And David Trainer Of New Constructs

Tesla Daily: Tesla News & Analysis

05:28 min | 10 months ago

Rob Maurer Of Tesla Daily And David Trainer Of New Constructs

"Everybody, Rob Power here. Today we have the good fortune to be joined by David trainer of New Constructs David. Put out a note last week with his team on Tesla that was relatively bearish. So I thought it would be a good opportunity to have somebody on the podcast. Maybe give a different perspective than what is sort give day to day and hopefully. We can both learn a little bit throughout the course of the conversation So David a former analyst with credit. Suisse. And then for the last couple decades, he is the founder and CEO of new contracts on investment research firm so David Nathan, you want to add to that in terms of your workings INS specifically this note on Tesla. Yes sure. No. We we're an independent research firm. So we don't doing any investment banking or trading There was a time when I ran a hedge fund will be don't do that anymore. So there's there's no short position in Tesla and honestly there's there's no axe to grind here. I'm flattered to to you on the show and I'm also a big fan of cars and I think beautiful. And I think would Elon Musk has been. Has Been Great for our world. I. Think he was really a tipping point in enforcing the big autos to to move more toward electric vehicles. What let's face it. You know one has to question why they never really wanted to do it on their own how they needed external government pressure to to increase gasoline efficiency. When that at the end of the day, we just lowered the cost of ownership for their product, which is a good thing but yet they didn't do it want us to wonder why that is. So I think he lawn. With respect to Tesla Electric Vehicles and our environment has done the world huge service. Insides one lead that fan I think the cars are beautiful. I wish I had one of my kids always rave about how much how awesome they are when they ride in one of their friends parents Tesla's it's funny in in. So I think there's a lot of good that has come out of what you musk is done at this space as well as other spaces. And the beautiful green cards. So you guys are kind of approaching it from a just an overvalued perspective on the company right now. Yeah. It's it's really kind of an old school throwback to the fiduciary in investor as opposed to the speculator the trader. Look there's no doubt you know as Jim, Cramer said he he's a fan test left for the last eighteen hundred points right? I mean look the momentum. The trading aspect here's Banal and it's been a huge wealth creator. An Art perspective is very narrowly focused on the fiduciary and decide the of risk. In, a market that's been such a strong performer. Since the The deer in in March you know, I think some people we got some feedback that people were kind of looking at how to manage whether or not we're at the top or or not in this market and we thought you know look. The first thing you do is identify where there's the most risk in your portfolio. So we kind of went through we cover around three thousand stocks as well as ETF's mutual funds and we looked for like, okay where's this? Where's the where's the risk extreme and then you know especially with Tesla, you gotta take into account all these sort of the optionality, all these great things that that Tesla might do. To, justify the future cashflows embedded in the stock price. And we went through the checklist and we thought, okay, we think there's a fair case to be made here for those with fiduciary responsibilities and produce responsibilities. To Take into account. Or. Consider. The risk in the stock relative to fundamentals. Sure. I know that that's a big part of your note later on. So definitely get through to some the valuation stuff So I thought probably the best way to kind of just kind of structure. This was to go point by point. I've had a lot of listeners that have read your note and have sort of asked me to give my my thoughts on it. So I thought you know what better way to do that than have the man himself here to discuss with me so Sweet. So you've got a lot of I mean this is probably a few thousand word article here. So let's just start right at the top. So you start off by saying. Really comparing the devaluation of tesla per car sold versus other automakers. I wanted to just sort of get your thoughts on this because I think you know this perspective or this this particular metric in isolation to me isn't all that particularly meaningful us are wanted to you just sort of get your take on why Joseph Start off with this and then get sort of my thoughts as well. Yeah, we're just sort of a level center to get a sense of how rich the expectations are and in just to give some perspective our approach valuation is is as I say, tomato analysts. Would you rather be a fortune teller or critic before to tell her and we see Mr Market or the stock market is a fortune teller. Here, she is giving us a price every day, and what we do new constructs is reverse engineer what the future cash flows, the revenue, the margins, the capital efficiency, the business, all that we reverse engineer with those need to be to justify the price and so. What we like to do is kind of begin be objective perspective on evaluation is and that's what we see in this chart like there's a big disconnect. It's not to say that Tesla can't achieve these expectations but for right now, there's a lot of credit given to what the company will do in

Tesla Fiduciary David Nathan Tesla Electric Vehicles Elon Musk Founder And Ceo Rob Power Engineer Analyst Mr Market Joseph JIM Cramer
Coronavirus: Are we out of the woods yet?

Guarding Your Nest Egg

03:31 min | 1 year ago

Coronavirus: Are we out of the woods yet?

"Michael we out of the woods or do we need to be preparing for the next time the market falls and we can't get our hair cut again well we made history with the last ball market I mean my markets had never gone up that many years we get the ten years that it never happened we got basically to eleven years in that hadn't happened and then things were looking really really great I'm gonna have to tell people what they're already aware of then we just got blindsided by coronavirus complementing and then suddenly we got into recession and it's already been shown as of February we're in a recession markets got down to the people saw this Dow was down around eighteen thousand five hundred all the way down from twenty nine thousand and some change that's a huge difference and a huge loss some people saw it in their portfolios and then as we heard American hearing about a president trump is talking about stimulus and and talk about the economy and talk about things coming back and what we saw was the start of a V. shaped recovery there's like different types of recoveries you could have a U. shaped recovery which is you know sort of you can measure to you looks like I missed and it goes down that sort of makes it big you at the bottom and and and comes up for recovery Alamance Christian V. obviously like avi right right I get that this is there a W. one as well there is a W. one right so right now we're in the middle of what looks like a V. because we got down to again around eighteen thousand five hundred and you know very very quickly we we've gotten back up to about twenty seven thousand I mean depending on the day Kristen right so seeing some volatility back and forth to the big question right now with things like elections with things like gosh for certain see some states where covert nineteen a certain spike back up now that we're in the summertime and people are out doing things obviously there's concerns about volatility in markets and what's going to happen will they shut things down again I I personally don't think that they will at the end of the day you can only stay shut down for so long before an economies to do what I kind of need to do people need to work people need to have money and the government honestly just can't write checks for ever so we do have to get things running but the concern moving forward over what might and whether or not this is gonna be a V. shape which is it it hits the bottom goes back up very very quickly and sort of keeps going versus a W. where it goes down goes up goes back down then goes back up that's the kind of thing that Christmas that frankly that's our job Callum of management to monitor and to manage for our clients as fiduciaries we're looking out for this we are active managers when it comes to portfolios it's not the hang in their prescription if you had to hang in their approach you would have written the V. all the way down and now you're reading it back up and you're and you're just hoping it gets back to almost thirty thousand just praying to get back to you even if you had a more active management approach to your portfolio hopefully your advisor would have stepped in somewhere along the lines and said Hey this doesn't look good we're gonna get more conservative in your portfolio and then guess what things look like they're gonna get better they get more aggressive in your portfolio with a W. you can imagine all right what is W. look like while I was up here than I went down then went back up and got even and I went back down again in a way back you know yeah hang in there you're just writing the whole W. out at the end of the W. you're basically where you started and how long did that W. take maybe it took a year you know maybe it took eighteen months one of the W. took twenty four months no matter what the period time is it's that period of time of effectively earning zero and having to deal with the just emotional fatigue of washing your portfolio bounce

Michael
Staying Safe in Hotels This Summer

Clark Howard Show

02:38 min | 1 year ago

Staying Safe in Hotels This Summer

"The reality is for a lot of people. This is the kick off to summer and I've talked about how different summer vacations are going to be this year with people doing driving trips usually within five hundred miles of home. The number of people flying on airplanes has reached lows. I think last seen in the nineteen thirties. Maybe I mean it's really unreal. How few people are traveling by airplane? People don't feel comfortable with that so we're going to be on road trips and the idea when you're on the road of stopping at a hotel is one that people feel like they're they're really unequipped to know how safe that is or not now in reality. You are overwhelmingly safe staying in a hotel as long as you keep distance from other people in a hotel room. That's where you can have some risks. The handles you touch and the bathroom things like that. And this is actually easier than you might think for you to be safe. When you're on the road you don't want to congregate in the lobby of the hotel where you'd be in close proximity to a lot of people when you get to the room you want to think about you. Open that door to go into the room. Who's touched that door handle? We don't know yet. How much true danger? There is from touching a surface. Someone else's touched who may be infected with corona virus. But you know you're touching a handle other people have touched when you turn on the sink when you flush the toilet when you touch any handle in your room. The important thing is washing your hands. I mean it's no different than anywhere else. You might be the washing. Your hands is corn key to you protecting yourself as far as Surfaces within a hotel room being infected again when you look at what the CDC has said that the real danger is person to person transmission

CDC
It Just Got Tougher to Know How Your Adviser Gets Paid

Clark Howard Show

03:20 min | 1 year ago

It Just Got Tougher to Know How Your Adviser Gets Paid

"I told you months ago about what was going on at a website that had been popular with consumers. Let's make a plan dot org that now. Jason Zweig the financial writer says they have discontinued disclosing to consumers how people get paid. That are on their sites. You don't know who's getting kickbacks WHO's taking commissions. Who's putting you in step? That might be junked for you just because of what they're making. This is a terrible terrible problem for you. As a consumer. A lot of us don't really understand how the whole investing thing works behind the curtain. But you should know is there are a lot of people in the business who don't do the right thing by you. They may be very nice. People very personable but when it comes to money a lot of times somebody will smile at you and they're picking your pocket at the same time what you need to know. Is that when you were getting financial advice to somebody on what you should invest in if they are not a fiduciary you're at risk due. Sherry is somebody who legally is bound to put your interest first that what they sell. You recommend that you invest in. They're not getting commissions from they are only doing what they believe is right for. You know that if you're getting investment advice through an insurance agent that they are not going to put your interest I if you're getting investment advice from a full commission stockbroker. They are not going to put your interest. I if you're getting advice on what to invest from an investment part of a big bank. They are not going to put you. I if you hire an individual from firm they need to disclose to you how they make their money. If they make money for recommending something they got to take the trip to Hawaii for how many people they sold this that or the other two. They're not putting you first is best to pay for advice straight out and then deal with somebody who receives no commissions for anything they advise you to. I ask people over and over again when somebody calls me asking about investing well are you paying that person for advice or how do you? How's that person getting paid by your? They told you there. A fiduciary and virtually one hundred percent of the time people say. I don't know you need to know because you're working hard for the money. You have your working hard to live on less than what you make and the money you have to invest needs to be working for you for your future not for that person's future who puts you in something so they get to go in the fly-fishing trip.

Fiduciary Jason Zweig Sherry Writer Hawaii
Grand Princess cruise ship to dock in Oakland

Morning News with Manda Factor and Gregg Hersholt

54:46 min | 1 year ago

Grand Princess cruise ship to dock in Oakland

"Coronavirus worries weighing on markets in a major way has more infections are reported in the US and around the world over a hundred and ten thousand people infected globally in Oakland California in a matter of hours a cruise ship with at least twenty one on board we have tested positive will be docking ABC's Matt Gutman is there what you're going to see if this court in unprecedented public health effort and it began overnight with teams boarding the grand princess to begin the triage of those passengers it will continue today with this complex choreography of offloading the twenty four hundred passengers in a way that doesn't expose them to more of the virus of nineteen now blamed for at least twenty two deaths in the United States at the White House concern after recent brush with the virus here's ABC's Karen Travers the White House is not commenting on whether anyone who works at the White House has been tested for covert nineteen a man who attended a conservative political conference outside Washington last week tested positive for novel coronavirus president trump and vice president pence were among the speakers at that conference neither had direct contact with that man of Texas senator Ted Cruz did and while he says he feels fine he is self quarantining at his Texas home fears of the virus hitting stock markets as well oil sliding I think it's gonna be a little bit of a black Monday oil markets and perhaps with financial markets on clothes a heads up the oil price information service in all price war between Saudi Arabia and Russia sending prices tumbling as much as thirty three percent Wall Street futures trading stopped overnight after falling too far down futures down over twelve hundred campaigning continues however with several primary set for tomorrow Bernie Sanders taking aim at Joe Biden we are taking on in this campaign nachos Joe Biden on we're taking on the the sixty billion as well funding his campaign you're listening to ABC news stay connected stay informed the promo morning news it's five oh two and it's Monday morning March ninth frosty and sub freezing temperatures and a lot of places this morning thirty one degrees in Renton for example right now along with Greg Herschel another factor here the top stories from the couple twenty four seven news center according to the state health department's website there have officially been eighteen deaths in Washington link to coronavirus couples Brian Calver reports live things happened so quickly that number may not be up today for example Greg Amanda late yesterday we got news of a probable nineteenth death but in the rush to contain in quarantine at the local level that debt hasn't been officially communicated to state health officials the majority of those deaths are connected to life care center in Kirkland a nursing home that once housed one hundred seventy clients the current number of residents that are still in the facility dropped by eight we have fifty five Bucks person Tim Killian calls employees who remain on the job they're heroes the amount of work and stressed that these the staff and employees and caregivers here under is tremendous no longer confined to our local area now seven counties are reporting the state's total of covert nineteen positives two one hundred thirty six Brian Calvert komo news and I'm Corwin hate Clive Washington's governor says mandatory measures may become necessary to slow the spread of the novel coronavirus virus Inslee approves of what people are already doing to limit their exposure by working from home if possible and avoiding large social gatherings but he knows the time may come when public health officials will consider making some voluntary limitations mandatory because we need to make decisions based on what this is going to look like a few weeks from now not what it is just today he says the state might have to mandate what health officials call social distancing although he does not say what such a mandate might look like he also minimizing minimizes the insults flung his way last week when president trump called Inslee a snake there's been some unfortunate comments from the president that that's just been a distraction and we're working well with the federal agencies reporting live Corwin hate komo news U. S. representative Susan del Benes says she's going to work to ensure local hospitals get the protective gear they need so that we can make sure they have the resources they need to continue to respond up things like personal protective equipment mass Gandhi's first district Democrat made her remarks after touring Kirkland's evergreen health Medical Center where three people have died from corona virus coming up up now now the the como como morning morning news news more more schools schools have have decided decided decided decided to to go go to to online online learning learning over over concerns concerns of of spreading spreading coronavirus coronavirus I'm I'm Carlene Carlene Johnson Johnson live for Monday morning it's chilly out there let's see what the drivers like with the coal traffic update good morning here good morning Greg M&S so we don't have any blocking crashes or stalls right now we do have some areas of heavy fog so if that's the case for you of course use extra caution there we do have slowing in our typical spots of northbound I. five near Tacoma city said enter and north bound one six seven is starting to build three seven nothing much but slow slow down down down right right right now now now southbound southbound southbound I. I. I. five five five at at at the the the Boeing Boeing Boeing freeway freeway freeway and and and we we we are are are wide wide wide open open open both both both directions directions directions of of of four four four oh oh oh five five five our our our next next next come come come traffic traffic traffic at at at five five five fourteen fourteen fourteen time time time now now now for for for the the the global global global eagle eagle eagle river river river forecast forecast forecast and and and here's here's here's meteorologist meteorologist meteorologist Kristen Kristen Kristen Clarke Clarke Clarke clear clear clear skies skies skies light light light winds winds winds over over over western western western Washington Washington Washington to to to start start start our our our week week week this this this morning morning morning that that that resulted resulted resulted in in in widespread widespread widespread temperatures temperatures temperatures in the twenties and thirties yeah actually start for week here know any patchy fog that developed overnight will quickly burn off to reveal a mostly sunny afternoon today looking great for the evening drive home now Tuesday features a bit more cloud cover and a few light rain showers along the coast in northwest interior otherwise the showers hold off in Seattle until Wednesday morning Thursday looks good but we're tracking a late week storm Friday that brings about heavier lowland rain and mountain snow with a significant cool down into the weekend that will support lowlands snow showers early Saturday morning something to keep an eye on it in the coming weather center I'm meteorologist Kristen Clarke else to keep an eye on it as potentially slippery driving this morning we have foggy locations especially in the north south and temperatures like twenty five in Arlington right now Everitt of soggy thirty one in Olympia it's twenty six degrees right now at sea tac airport clear skies and thirty four companies time five oh six more schools and universities have made the decision to go to online classes only hoping to stop the spread of coronaviruses the latest on that from Cuomo's Carlene Johnson gas thousands of students from the university of Washington Washington among among those those who who will will be be watching watching lectures lectures online online and and taking taking finals finals from from home home through through at at least least March March twentieth twentieth that's that's when when the the quarter quarter ends ends that that spring spring break break after after that that Jack Jack how how Sarek Sarek is is a a junior junior at at the the U. U. job job he he says says not not having having to to go go to to class class is is just just fine fine with with him him me me all all my my professors professors just just record record their their lectures lectures and and then then they they just just kind kind of of let let us us watch watch it it whenever whenever I I want want so so it's it's really really nice nice where I can get up at you know ten thirty and just in my pajamas watching the but usually pretty cool now C. L. university also canceled in person classes same was Seattle Pacific university PL use starts their distance learning tomorrow same for shoreline community college Lake Washington institute of technology in Kirkland they're moving it all online as well and for nor sure our public schools the entire district begins online learning today several other schools are closed with remote learning plans are for cleaning because a parent student or staff member tested positive the complete list is on our website at komo news dot com I'm calling Johnson cruise ship passengers are waiting to see if the upcoming sailing season will change because of coronavirus the port of Seattle says it's working with the federal government and cruise lines to come up with protocols dealing with passenger safety and health cruise season officially starts April first it's nearly a one billion dollar industry for Seattle the Seattle center exhibition hall has been set aside or has set aside to part of it as a temporary shelter is a corona virus sweeps through the city a special area has been designated for selected homeless clients who are already housed at two of the city's biggest shelters there are no known cases of the virus and any of shelter in Seattle city leaders are also taking steps to ensure sanitation and hygiene standards are up to date at all shelters some churches decided not to hold services in person yesterday to contain the spread of the virus couple's big Poppa reports from Seattle's Bethany community church the church decided earlier this week to tell its members to stay home to try and prevent the spread of coronavirus and while they normally stream their services for other churches the decision to have services online wasn't easy to stand up here and and kind of host it was different J. Kurtz is the lead pastor for Arbor church in Woodville he says before this week his church had never done any live streaming but when they heard the advice to limit large gatherings they decided this week to set up cameras and tell members to stay home for church it's literally been Friday Saturday and then here we are doing this he says despite the empty chairs hundreds of people were still able to hear the church's message of felt like we had community it's just on a normal community that's come mostly problem reporting the city of Kent is not backing down from its fight with king county over plans to use the former A. Connell lodges a corona virus quarantine site there were even a couple of protesters out there yesterday worries me that this is a facility that is not that's not locked down you're free to leave whenever they want and there's so many businesses here leave on Friday a king county judge denied the city of cats request for a temporary restraining order that ruling will allow as many as fifteen people to move into the eighty five bed motel soon you could be able to test her for covert nineteen from the comfort of your own home The Seattle Times reports the bill and Melinda gates foundation is funding a project offer in home knows swab kits for people showing symptoms the samples with then be sent to the lab at the university of Washington for testing right now it's not clear when that project could launch popular Starbucks in downtown Seattle has been closed temporarily because of concerns over the virus it's historic first in university it's now been deep cleaned and an employee who tested positive for the virus itself isolated at home Starbucks has also stopped accepting personal cops to help the virus from spreading the coffee chain says it'll still honor the ten cent discount to customers bring in their own cop they just won't refill those cups right now police time five tenths now it's time to get to the Harley exterior sports desk good morning Tom hustler good morning to you the husky men's basketball teams swept the Arizona schools over the weekend there had directly for Las Vegas for the pac twelve men's tournament begins Wednesday Washington will open as a number twelve seed facing the team they just beat Saturday Arizona that came at two thirty Wednesday after Saturday's win coach Mike Hopkins said this would be a perfect time to run the table and when the turning me what more do you want to be able to try to rattle off four games in a row I mean what else what other great opportunity can you have you know and so these guys are believe it will be a great opportunity and kind of fired up there after that game on Saturday our coverage Wednesday will start at two more Franco Tompkins and women's coach should be one of the coaches are tonight at six Cougars play Colorado in the first round the turn of the game Wednesday night at eight thirty in the pac twelve women's sort of a title game yesterday Oregon with Stanford eighty nine fifty six merece continue to struggle in cactus league play they fell to the giants yesterday eight four in Scottsdale in a night game against the brewers this evening at Mary's merry Vail Arizona and congratulations to the Garfield boys and girls basketball teams both won three eight state title Saturday at the Tacoma dome sports to forty Patsy tower Tom are on the whole the Huskies commodities commodities time five twelve the traffic update in just a couple of minutes Sierra is canceling a concert in front of her home town crowd in Texas later this month the wife of Russell Wilson is pregnant she says she doesn't want to travel to a big event while the corona virus is still spreading she says our doctors have advised her to avoid large gatherings a quarter of Italy's population roughly sixteen million people are now under quarantine because of coronavirus authorities say anyone living in the northern on body region needs special permission to travel south of the death toll surged to three hundred and sixty six hundred and thirty three people dying in just twenty four hours according to prime minister Justin because the more than six thousand cases represent a national emergency with the entire lawn body region on lockdown it's capital Milan as well as Venice economic and tourist Mecca is closed for business both cities in the red zone the usually bustling tourist hubs now deserted old museums closed gondolas lying unused on those famous Venice canals travel bloggers recall food and Andreas on sunny who live in the region a concern for the long term impact the economy is here is how lowly and then on travel this could be devastating restaurants and bars in the region are required to close at six o'clock and tables have to be at least a meter apart it's just a lot less social I'd say and it's slow quite so since the first time pope Francis live streaming his Sunday prayer hoping to keep away large crowds now the authorities say people could face jail time if they don't adhere to these measures but it's unclear how they're going to enforce them thousands of people over the weekend fled from the north making their way to the south of the country but a governor in the south of Italy has said stay away we don't want you here ABC's James Longman as Florida's busy spring break season is under way the man tasked with heading up the federal government's efforts against corona virus vice president Mike pence addressed something has been on the minds of thousands of families preparing to travel to theme parks are they safe over the weekend he stressed it is safe for healthy Americans to travel and to quote him one of our favorite places to go when my children were young and even even before before my my children children came came was was in in Orlando Orlando still still her her faith faith in in the the pence pence has has been been watching watching the the spread spread of of coronavirus coronavirus for for weeks weeks theme theme parks parks in in Asia Asia have have closed closed he estimates the temporary closure of Disney parks in Shanghai and Hong Kong could cost the company something like one hundred seventy five million dollars just getting word that one person has died in an apartment fire in Tacoma it started about two thirty this morning near north twenty sixth street in north narrows no word yet on what started that fire it's five forty traffic update again with Karageorge who still don't have any blocking problems on the highways but you can expect to see brake lights northbound I. five to Tacoma city center and north bound one six seven continues to build in some especially around state route four ten south on I five it's looking just a little bit slow slow right right right around around around marine marine marine view view view drive drive drive but but but it's it's it's not not not going going going to to to be be be lasting lasting lasting for for for too too too long long long the the the rest rest rest of of of the the the drives drives drives are are are moving moving moving at at at the the the speed speed speed limit limit limit and and and if if if the the the mountains mountains mountains are are are in in in your your your travel travel travel plans plans plans well well well it's it's it's a a a good good good time time for for it it because because there's there's no no restrictions restrictions at at either either snow snow Kwame Kwame or or Stevens Stevens pass pass our our next next call call much much traffic traffic at at five five twenty twenty four four come come eco eco roof roof forecast forecast it's it's going going to to be be a a nice nice day day mostly mostly sunny sunny high high about about fifty chilly to start though clear and cold overnight with lows in the mid thirties tomorrow looks dry partly sunny and fifty then we'll see a slight chance of rain rolled back in on Wednesday to the mountain passes they're in good shape but you don't want to get out of your car without a jacket on up there's twenty one degrees at the summit of Snoqualmie pass nineteen degrees at the summit of Stevens pass right now in downtown Seattle clear skies at thirty four degrees stay connected stay informed the northwest only twenty four hour news station komo news at five fifteen the cobalt morning news Franklin sees at the editor's desk on this Monday morning that the correct personal time and the fact of the number of coronavirus cases in this country continues to rise the total is now over five hundred sixty cases according to Johns Hopkins University there were twenty two deaths linked to the rapidly spreading virus Dr Anthony Fauci who heads the national institutes of health infectious disease unit says after initial missteps contributed to to contributing diagnostic tests there should be four hundred thousand more testing kits available starting today today the the state state department department is is now now urging urging Americans Americans not not to to get get on on cruise cruise ships ships over over the the weekend weekend the the CDC CDC had had been been tracking tracking cruise cruise ships ships including including the the regal regal princess princess scheduled scheduled to to dock dock at port Everglades on Sunday it was feared a handful crew might have been exposed on a previous trip aboard the grand princess but the cruise line says none of the crew on those ships have had symptoms and now all but a single ship has been cleared by the CDC this coming is thirty five hundred grand princess passengers and crew will be quarantined for fourteen days in various facilities the ship's eleven hundred crew members will remain on board nineteen of them testing positive for the virus meanwhile only two of the twenty four hundred passengers have tested positive the most sick will be sent to hospitals while others taking to military bases in California and Georgia president trump has said that he would prefer if none of the passengers aboard these cruises landed on U. S. soil he mentioned any of that to you I had a private conversation with them and he said everything that I could have hoped for and every single thing he said they follow through on on Sunday hundreds of prescriptions delivered by boat maybe go to the ships more than one thousand passengers over the age of seventy the most vulnerable cohort and then for the first time in forty a healthy passengers finally allowed out of the rooms the waiting and the parts part by part and put into V. S. of possibly having to do another two weeks in isolation following that's still patience wearing thin on board I kind of feel like we're floating around the drain just waiting here to get the virus we haven't been tested we want to be tested properly and we want to make sure they were safe yeah the American passengers will do their quarantine bases here in California and as far away as Georgia now remember there are people from fifty four countries aboard the ship they're gonna have to be taken home on chartered flights out for so many this two week quarantine is an unexpected addition to this voyage many people on the ship telling me they just want to go back home to their families their dogs and a normal routine that's ABC's Matt Gutman two Republican members of Congress are voluntarily self quarantining after coming into contact with someone who has tested positive for the virus both senator Ted Cruz of Texas and congressman Paul Gosar of Arizona say the interaction interaction occurred at the recent conservative political action conference closer to home more and more businesses are feeling the pinch of corona virus and the steel head diner in pike place market announced it's shutting its doors at least for now the restaurant says it hopes to reopen at a later date but they haven't said when Seattle's blue acres seafood posted a sign on its door into an on Facebook saying it is now closed because the social and economic impacts of all of this and are hoping to re opens at some future date several businesses of shoulders are seeing less traffic as events are canceled and more people decide to stay closer to home in Oregon the governor has now declared a state of emergency over corona virus and the number of cases there is up to at least fourteen that emergency order now allows health and emergency management agencies to take immediate action and devote state resources to containing the outbreak U. S. Surgeon General Dr Jerome Adams appearing on CBS's face the nation over the weekend says quote we're now seeing community spread and we're try to help people understand how to mitigate the impact of disease spread the number of coronavirus cases in this country is now around five hundred fifty thanks for following this morning Cleveland police are piecing together details from a shoot out that killed one man and since seventeen people to the hospital detectives say the shots were exchanged late Saturday night during a fight between rival motorcycle clubs attending the same party some of the victims are also considered suspects in that incident disgraced movie producer Harvey Weinstein has suffered an injury behind bars TMZ reports that Weinstein was in a cell with two other prisoners when the convicted rapist fell and hit his head yesterday there's no word about his condition and there's no word on the circumstances that led up to that fall Twitter this labeling a video of Joe Biden that was posted by president trump manipulated media the video shows Biden stumbling on a campaign speech in Missouri and saying quote we can only re elected Donald Trump Biden's actual quote was we can only re elected Donald Trump if we get engaged in the circular firing squad so it's got to be a positive campaign by the way voters head to the polls for another round of primaries tomorrow including here in Washington the races basically down to Biden versus Sanders and over the weekend the Reverend Jesse Jackson came out to endorse Bernie Sanders companies time five twenty two R. propellant shirts funny updates oil prices are plummeting global markets are steeply sliding and Wall Street futures are way down this is looking like a rough week on financial markets and oil markets says Tom Kloza head of the oil price information service the drop in oil prices thirty extraordinary hand tighten your seat belts this week you make to your four oh one K. dropped by eight or ten percent but today well I can buy gas for a dollar eighty nine the letter would be a good economic stimulus except consumer and business demand could be as bad as good plate the financial the Bakul in two thousand and eight because of coronavirus chucks Iverson ABC news one of the reasons why oil prices are crashing is that Saudi Arabia started a price war with Russia yesterday US oil prices are down twenty seven percent to a four year low of thirty dollars a barrel is turning out to is shaping up to be the worst day for oil prices since nineteen ninety one it's not going to be a pretty day for Wall Street either Dow futures down twelve hundred fifty five right now almost five percent S. and P. down a hundred forty five that's also almost five percent nasdaq futures down four hundred ten it's five twenty two and we'll check traffic and weather next year on the calm all morning news the latest on the corona virus governor Jay Inslee says he'll continue to press the federal government for more help to fight coronavirus stay connected stay informed what if you can't afford to stay home the president talking about his administration's reaction we are here for you twenty four seven komo news at Fisher investments we do things differently and other money managers don't understand why because our way works great for us but it may not work for your clients that's why Fisher investments as a fiduciary obligated to put clients first is the highest standard for a financial adviser so what do you provide cookie cutter portfolios like the rest of us no cookie cutter portfolios here Fisher investments Taylor's portfolios to meet each client's goals and needs but you do sell investments that earn high commissions right and make commissions when you make trades for your clients no Fisher investments doesn't sell any commission investment products and we never earn commissions on trades so what's in it for you Fisher investments fees are structured so we do better when our clients do better when it comes to helping clients achieve a comfortable retirement we're clearly different visit Fisher investments dot com to find out why investors like you switched us Fisher investments clearly different money management investments in securities involves risk of loss got a Hey Bob our preseason air conditioning cell is just getting started as warm weather months stretch longer and longer each summer this cell keeps getting bigger and bigger thousands of Puget Sound residents requested quotes for AC last year you're right Lola there's no doubt the summers are lasting longer in fact eight out of the last ten years so warm weather stick around for six or more months it's true Bob with that intense warm weather sticking around Bucks is proud to offer AC solutions to Puget Sound residents in need absolutely R. Brent brand of the seas are the best in the biz right now take twenty percent off all Brian air conditioners and heat pumps that's up to two thousand dollars off the hurry the discount reduces to fifteen percent in April and ten percent in may the sooner you buy the more you save beat the heat call box for free AC quote today when it comes to retirement planning there's the ostrich I don't want to think about it the optimist how hard could it be the traditional planner I have my finances my insurance and my legal documents all risks wait while changing the way America retires seat receiving a guy H. of aging options and learn how to bring your health housing legal finances and family all together into one comprehensive life plan C. regime may guy H. in Olympia this Tuesday night Wednesday night in is akua Thursday at one PM in federal way and Thursday at seven PM in Anacortes Saturday the fourteenth in Everett and Wednesday the eighteenth where she will be in gig harbor visit aging options dot com and receive two complimentary tickets how prepared are you visit aging options dot com that's aging options dot com take it from Tom Turner if your diesel pickup truck struggles were used to run free the plateau diesel diesel performance performance in in eight eight o'clock o'clock eight eight four four four four six six diesel diesel plateau plateau diesel diesel dot dot com com morning morning news news which which check check traffic traffic for for you you every every ten ten minutes minutes once once again here's Kierra Jordan looks like we have any stall in Pierce county this is northbound I. five near JBLM is main gate in the left lane is currently blocked and we're starting to see a small little backup that's starting to form there we are working with a lot of fog in areas the Snohomish county this morning so extra caution there but are still homeless drives are actually looking really good northbound I. five is going to be busy between highway sixteen and River Road now we're starting to get busy approaching state route five sixteen as well northbound one six seven slowing go through much of Sumner and we're also a little bit busy just north of highway eighteen going from them with the build your limit to Seattle that sixty minutes in Olympia to Tacoma twenty eight minute drive our next call much traffic at five thirty four the traffic this time is brought to you by Pinera bread try Pinera breads new unlimited coffee subscription you you can can have have coffee coffee after after coffee coffee and and pay pay just just eight eight ninety ninety nine nine a a month month your your Cup Cup is is always always full full restrictions restrictions apply apply participating participating cafes cafes como como eco eco roof roof forecast forecast mostly mostly sunny sunny day day but but first first we we have have to to get get the the temperatures temperatures we'll we'll look look for for a a high high of of fifty fifty later later on on today today most most places places are are below below freezing freezing this this morning morning clear clear and and cold cold again again tonight tonight partly sunny tomorrow with a high around fifty it's a very slight chance of some showers on Wednesday with cloudy skies with the sunshine returns on Thursday right now Seattle's temperature thirty four degrees from ABC news tech trends as the spread of coded nineteen grows grows so so does does the the risk risk of of being being scammed scammed online online online online scammers scammers are are taking taking advantage advantage of of the the corona corona virus virus outbreak outbreak says says cyber cyber security security expert expert Adam Adam Levin Levin well well I I call call it it the the pantheon pantheon of issue hangs some scams are made to look like emails from a trusted source and are targeted at a general audience a shame which is generic dear cardholder dear member dearer whatever depending upon whatever group they're going after others are laser focused spear phishing that's where they specifically target you while some target your smartphone what we call smashing SMS text based fishing that's where you receive a text and it creates a moment of panic like consumer alert coronas virus grows in your community Levin says an easy way to avoid getting hacked we need to verify independently the identity of the center which check trends Chubb C. region ABC news you are not a generic human men your body is not generic every man has a unique physical makeup this is why generic pills and supplements don't work for many men who suffer with P. D. M. loti the staff at universal men's clinic specializes in affordable custom treatments for erectile dysfunction and low testosterone by concentrating only on the treatment of low T. NET our medical team is successful at finding a specific medical plan for each patient by working with specialized compounding labs we can create a precise formula that is best for you this specialized custom care makes universal men's clinic very successful even when generic pills and supplements haven't worked this is serious medicine for men who want to regain intimacy and energy get more enjoyment out of life booking appointments a universal men's clinic dot com that's universal men's clinic dot com or call two zero six five two nine eleven eleven universal men's clinic convenient and affordable thanks for calling one eight hundred got junk this is Serra how can I help when your trucks stopped in front of my neighbor's house their flowers begin to bloom to the clouds went away and that's king shining through we bring the spring time with us I thought that was just a slogan no we can make it spring time anytime I can have a clean garage and clean yard and a deep cut health today we offer same day service we have a truck in your neighborhood or call one eight hundred got junk service at one eight hundred got junk dot com get away this spring with the clipper vacations spring sale skip the drive get on board and enjoy two nights in beautiful Victoria walked the city's charming and historic streets experience the boot chart gardens in bloom sip afternoon tea at the Fairmont empress hotel and so much more a fast and scenic clipper ferry ride round trip plus two nights hotel at the guaranteed best rates kids ride free clipper vacations spring sale from just a hundred eighty nine dollars per person book today a clipper vacations dot com get on board get away goodwill is a proud community partner of Eric's heroes celebrating heroes like you every day by shopping and donating to goodwill you help provide free job training and education to people in need read more about goodwill at Seattle goodwill dot org attach Id Subaru Toyota and Honda owners get free roadside assistance with almost almost any any service service from from Greg Greg Japanese Japanese auto auto ASC ASC certified certified tax tax and and eight eight Puget Puget Sound Sound locations locations at at Greg Greg dot dot com com stay stay connected connected stay stay informed informed the home of the Huskies komo news here's what's coming up it's not just kidding inspire home much anymore I'm Brian Calvert in the map of positive coronavirus test results now stretches across the state and then the hospital where fifteen covert nineteen patients have died I'm core would hate to live with a look at what they're doing right traffic and weather in four minutes but first A. B. C. news at five thirty the market's opening an hour from now after overnight futures were halted because the numbers were slipping too fast ABC's Rebecca Jarvis is on Wall Street with the latest stock stay where they are right now it will be the worst day of trading so far this year the Dow is now down thirteen hundred points overnight futures falling five percent so here's what's happening over the weekend back called a meeting to discuss falling oil prices in the wake of corona virus which is sent prices lower those talks fizzled and the Saudi Arabians rather than being supportive of oil prices sent them plunging last time oil prices were this low it led to several bankruptcies of smaller energy companies number of confirmed covert nineteen cases in the U. S. now tops five hundred there are twenty one infected passengers on a cruise ship off the coast of San Francisco everyone will be taken off in quarantine starting today at Westminster Abbey Harry and Meghan taking part in Commonwealth day their final appearances working Royals Jerry Preston ABC news one thousand seven ninety seven seventy five thirty one right now Monday morning frosty in many places foggy in some other spots of temperatures like twenty six in Olympia right now along with Greg Herschel time Manda factor here the top stories from the couple twenty four seven news center for the first time our state's health department website is listing more than two counties with positive covert nineteen test results almost Brian Calvert is here with this morning's update for the longest time just king and Snohomish relisted this morning there's Pierce Clark grant Jefferson and Kidd assess county as well kickass county as well for a state wide total of one hundred thirty six positive cases and while the official death count remains at eighteen we've learned of at least one more that's not official because it hasn't yet been reported to the state thirteen of the eighteen coronavirus debts are officially connected to life care center in Kirkland we have found this to be troubling and involve tile unpredictable Tim Killian a spokesperson for the nursing home says there are fifty five patients still there he confirms they do have enough test kits that testing is still ongoing we have eleven more those tasks to complete I do want to stress that we still have received no results back for those tests Brian Calvert komo news and I'm Corwin hate live evergreen health Medical Center in Kirkland has become the focal point of our areas medical response to the outbreak as of Sunday the hospital says it has treated forty five cases of covert nineteen as confirmed by Washington state testing fifteen of those patients have died the deaths include patients who were residents of life care nursing home life care center nursing home located just two miles away from evergreen hospital U. S. congresswoman Susan W. any toured evergreen over over the weekend and came away impressed understanding what took place here at evergreen health in terms of adapting the facility to deal with this type of outbreak hopefully can inform others across the country how they might respond hospital officials say one of its practices has been to keep confirmed coronavirus patients isolated in what's called the cold hearted area in which air pressure is changed to negative insuring that cantante contamination from that area does not flow into surrounding areas Corwin hate komo news under Jay Inslee envisions a time when voluntary steps against the virus infection become mandatory he tells komo news right now Washingtonians are doing a good job of protecting themselves and others but we are considering there might be stronger measures that are necessary to make this more uniform across across the community over there says those measures may include enforced social distancing such as cancellation of public events coming up on the come on morning news many families families expected expected to to opt opt out out others others are are please please with with comprehensive comprehensive sexual sexual health health education education which which has has been been adopted adopted in in Washington Washington now now just just waiting waiting for for the the governor's governor's signature signature on on Carly Carly Johnson five thirty four time for another couple traffic update here's Keira George well see at least a mile back up now northbound I. five approaching J. BLM's main gate that's where we have a stall was blocking the left lane now we have two left lanes that are blocked this backup is growing quickly northbound I. five also slow between highway sixteen and River Road and you'll find often on slowing it you're traveling out of federal way federal way to Seattle is running about thirty two minutes north and one six seven is going to be busy through much of Sumner into Pacific after that Auburn to Renton that's taking about eighteen minutes a north bound for five is beginning to tap the brakes around sunset our next call much traffic at five forty four the traffic this time is brought to you by Panera bread try Pinera bread to do unlimited coffee subscription you could have coffee after coffee and pay just eight ninety nine a month your Cup is always full restrictions apply participating cafes over time for the call multicultural forecast with meteorologist Kristen Clarke patchy morning fog will burn off to reveal a mostly sunny afternoon looking drive for the drive time home home here here today today clear clear skies skies tonight tonight another another chilly chilly Tuesday Tuesday morning morning lows lows will will once once again again be be close close to to freezing freezing photo photo by by a a subtle subtle increase increase in in the the clouds clouds Tuesday Tuesday afternoon afternoon maybe maybe Bellingham Bellingham sees a passing shower parts of the Olympic peninsula otherwise remaining dry through Tuesday in Seattle that into Wednesday morning to see any bit of rain and it will be rather light here on the emerald city by mid week Thursday all locations stay dry but Friday here comes a good steady lowland rain chance and mountain snow developing from a rather wet late week storm that brings about a cool down into the weekend and possibly some lowland snow showers Saturday morning certainly something to keep an eye on heading into the weekend and a couple other center I'm meteorologist Kristen Clarke clear skies over much of the state this morning and bitterly cold in some spots Yakima's at twenty three degrees right now and there is fog here in parts of western Washington averaged thirty one in the fog it's a foggy twenty five in Arlington and is twenty six degrees in Olympia come on it's time five thirty six more than fifty thousand students in our area will be who learning from home on can today is the university of Washington and other campuses are closed amid fears of a spreading coronavirus we get the update from Kamel's cara constant concerns over corona virus isn't stopping Jack Q. Serret for preparing for next week's example right here on campus kind of catching up on lectures as I prepare for my final she says many professors already posts lectures online so students are you still learning on the computer some students might have trouble with the technology stuff but I think the majority of us it's it's going okay I think we can we can handle pretty well eight businesses along the aber hoping for a better week despite classes going to the cloud businesses here say the last few days have been robbed so we took a hit this last week we definitely took a huge hit but it big time brewery business has been down forty percent owner Rick McLaughlin planes concerns over Kobe nineteen homeowners time five thirty seven a bill requiring comprehensive sexual health education starting in kindergarten is ready for governor Jay Inslee's signature supporters say it's about protecting children opponents say it's giving too much information too soon when we get the update live from couples Carly Johnson will the Senate passes bill back in January the house then followed last week after a marathon six hour debate that didn't end until about two o'clock in the morning on March fifth democratic representative Sharon she make all concerned about some of the students a lot of them are ready for something like this action was Republican bill Jenkin he and other Republicans offered dozens and dozens of amendments souls all but one being rejected W. new sex ed curriculum will require medically accurate information from kindergarten to third grade they'll focus on social emotional learning teaching kids it's okay to say no when someone makes you feel uncomfortable parents certainly can opt their kids out of this curriculum Carly Johnson come motives a fire broke out in an apartment unity in the Tacoma early this morning and one person was found dead in the building this was near north twenty six and narrows the result is a twelve people now have no place to stay no word on how the fire started fire damaged an auto zone store at ninety fifth and Bridgeport way this morning sprinklers inside the building help keep the damage down the word yet how that fire started it's five thirty nine and we're just a minute away from a como sports update from the time you were a child you were taught to always brush your teeth white well because good oral habits make for a great smile and it's imperative to your overall health if you need guidance with dental implants or any dental procedure consider all your options just be sure to consider Dr Choi advanced implant dental advanced implant dental is where education and experience meets state of the art dental technologies giving you back the functionality of natural teeth at a price you can afford from implants orthodontics veneers root canals to full mouth restoration Dr Choi will show you your best treatment option advanced implant dental accepts most insurance providers and will work with you and your budget so you can get the treatment you need now and receive thirty percent off any dental implant treatment while supplies last advanced implant dental your choice for complete dental implant in dental care for dent way Tukwila two oh six two four one fifty eight twenty advanced implant dental dot com coldest time five forty now to the Harley exterior sports update here's Tom hustler well to manage up to four and eleven in cactus league play after eight four loss against the giants yesterday there were bright spots including the three any performance by lefthander Justus Sheffield gave up just a run on three hits struck out five skippers got service legs Sheffield spring performance so far the Sheffield again another step in the right direction from the ball really really well very consistent the company is growing I mean Paul white box lighter number strikeouts there gave up just one run and really happy where he's at it the mariners play under the lights against the brewers dot in Maryvale Arizona the US husky men's basketball team beat Arizona Saturday completing a sweep of the desert schools building momentum heading into the pac twelve tournament Wednesday Washington winning three of the last four there are twelve seeded take on those same Wildcats at two thirty Wednesday because face Colorado in another first round tournament game one tonight at eight thirty to forget the coach's show Mike Hopkins and women's coach Jody Wynn tonight at six elsewhere basketball today Gonzaga's women played Portland for the west coast conference tournament title at noon in Las Vegas is that men face San Francisco in a semifinal match up tonight and the U. S. women's soccer team edging Spain at one million today in New Jersey as part of the she believes Cup tournament sports ten forty Patsy tower Tom are the home of the Huskies come loose it's five forty one that means we'll check traffic and weather next year on the calm all morning news have you still not refinance your mortgage will soon you might be kicking yourself in the head rates are at historic lows at the same time home values gone up roughly fifty percent in the last several years maybe it's time to put that equity to work by paying off high rate credit cards personal loans or remodel your house hi Wesley Hogan with Westland financial let us put in the position to do any of these things with no lender fees that's right you'll never pay lender fees whether to conventional FHA or VA loan we've been doing this for twenty years now maybe you just want to lock in a lower rate a refinance out of paying mortgage insurance all it takes a five minute phone call to see having saved thousands of dollars a year to call west one eight eight eight four five five thirty six sixty nine it's the biggest no brainer in history mankind call us at eight eight eight four five five thirty six sixty nine call us at eight eight eight four five five thirty six sixty nine that's eight eight eight four five five thirty six sixty nine an exponential mortgage corporation DBA was on financial license number CL three three zero four and a three three zero four L. and W. closing letter are you over fifty and wearing contacts bifocals or just reading glasses regardless of your age we now have a vision solution for everyone Hey it's Dr king from king lice thank and I'm thrilled to announce the launch of key to vision with my good friend Dr Andrew capstan doctor cop sting you performed over thirty thousand lens based procedures that's right Joe I've been performing refractive lens exchange for over twenty years and I couldn't be more excited to launch K. two vision with you R. Ellie can correct your distance vision near vision you'll never develop a cataract and you can get rid of your reading glasses and just like laci Carly is pain free over in minutes and you'll be enjoying clear vision the very next day the beauty of our Ellie is its overall safety and a permanent solution for a lifetime of great vision so if you're over fifty wearing contacts bifocals or just reading glasses come on in for a complementary K. two vision analysis you can schedule it now by calling four two five six one six twenty twenty that's four to five six one six twenty twenty K. two vision say goodbye to those annoying parking lot scratches with the paint repair and make up it's as easy as book six go to Michael dot com for more info better get makeover when it comes to retirement planning there's the ostrich I don't want to think about it the optimist how hard could it be the traditional planner I have my finances my insurance and my legal documents all risks wait while changing the way America retires seat receiving a guy H. of aging options and learn how to bring your health housing legal finances and family all together into one comprehensive life plan C. regime a guy H. in Olympia this Tuesday night Wednesday night in is akua Thursday at one PM in federal way and Thursday at seven PM and a chorus Saturday the fourteenth in Everett and Wednesday the eighteenth she will be in gig harbor visit aging options dot com and receive two complimentary tickets how prepared are you visit aging options dot com that's aging options dot com say goodbye to those annoying parking lot scratches with the paint repair and make up it's as easy as book six go go to to Michael Michael dot dot com com for for more more info info better better get get mako mako it's it's five five forty forty four four right right now now Monday Monday morning morning with with the the cold cold morning morning news news in in time time for for here here in in Jordan and another como traffic update well there is a solid at least two mile backup waiting for you right now northbound I. five as you're approaching J. BLM's main gate and this is due to assault that was taking up two left lanes it looks like it's now been moved over to the shoulders so it may take a little bit longer to clear out some of these backups northbound I. five also going to be slow there did come a city center you'll also be finding some often on slowing as you're traveling out of federal way to canton wind road northbound one six seven that's going to be heavy much of the drive from highway four tended to Pacific we're also filling in between highway eighteen anti seventy seven north bound for a five was a mixer company around sunset and then again around north east forty fourth and west on state route five to two that's starting to build the Snohomish river our next call much traffic at five fifty four this time is brought to you by Penn never bread truck they were bred to do unlimited coffee subscription you could could have have have coffee coffee coffee coffee after after after after coffee coffee coffee coffee and and and and pay pay pay pay just just just just eight eight eight eight ninety ninety ninety ninety nine nine nine nine a a a a month month month month your your your your Cup Cup Cup Cup is is is is always always always always full full full full restrictions restrictions restrictions restrictions apply apply apply apply participating participating participating participating cafes cafes cafes cafes only only only only motor motor motor motor vehicle vehicle vehicle vehicle roof roof roof roof forecast forecast forecast forecast after after after after we we we we get get get get past past the the frosty frosty foggy foggy conditions conditions in in some some places places this this morning morning working working for for a a very very pleasant pleasant day day mostly mostly sunny sunny skies skies and and a a high high around around fifty fifty degrees degrees to to be be clear clear and and cold cold again again tonight tonight lows about thirty five partly sunny tomorrow high of fifty increasing clouds overnight Tuesday into Wednesday Wednesday looks like a cloudy day with just a slight chance of rain rebound into the sunshine clear skies in downtown Seattle right now it's thirty four stay connected stay informed the northwest only twenty four hour news station komo news one thousand FM ninety seven seventy five forty six right now Monday morning Gregg Hersholt Amanda factor here with a cold morning translations of the other steps the grand princess cruise ship that has twenty one people on board with corona virus is expected to arrive in Oakland today California governor Gavin Newsom says reports being prepared and the area secured with the entire process to remove passengers expected to take two to three days former FDA commissioner says now is a crucial time in the fight against the virus on CBS's face the nation Dr Scott Gottlieb said the next two weeks are key and he adds that the next two months will probably be difficult with the closing closing of of businesses businesses and and schools schools Gottlieb Gottlieb did did offer offer reassurance reassurance saying saying quote quote we'll we'll get get through through this this another another former former democratic democratic presidential presidential candidate candidate is is endorsing endorsing Joe Joe Biden Biden in a video on Twitter California senator Kamilla Harris threw her support behind the former vice president saying quote I believe in joke we need a leader who really does care about the people and who can therefore unify the people and I believe Joe can do that and with us right now was ABC news political analyst Steve Roberts Steve what a difference a week makes it did you anticipate Joe Biden picking up this mode the momentum this quickly no I have not I don't think anybody did I I think what we're what we're seeing though is a fascinating phenomena based on one word and that word is fear it's fear of Donald Trump and fear of Bernie Sanders Joe Biden has not been reborn as some useful charismatics move talking energetic candidates Joe Biden today is still the same Joe Biden that people have a lot of doubts about two weeks ago two months ago two years ago the difference is that Democrats have so desperate so frantic to find somebody who can beat Donald Trump that they decided that day either as a group and individually as voters and as candidates they'll camel Harris being an example of of having to rally around somebody and then choosing between Biden and Sanders the fear of Bernie Sanders is pulling the party too far to the left so there's a lot of energy around the Biden candidacy right now but in my view it's largely negative energy it's driven by fear it's driven by desperation there are not a lot of Democrats even this morning jumping up and down in Saint Joe Biden's gonna be a great candidate a great president but this negative energy is very powerful and that's what's driving this trend do you think it's now his to lose or is it too early to say that definitely has to lose end up and I think it's gonna be very difficult for Bernie Sanders to rebound here the one variable of course the one no wild card is by himself as I say he has not been report he's still the guy who can show astounding lapses of judgment he's still the guy who could make gaffes he's still the guy who can show his age very clearly he's still the guy who can appear fumbling and uncertain and in debates with Bernie Sanders and interviews it's still entirely possible for him to make damaging mistakes I think a lot of Democrats even if they rally around by they're holding their breath and hoping that Biden will get its act together and I've seen some signs a few signs of Byton improving on the stop I think he's shown a little bit more energy I think the campaign line about I'm the candidate of those who have been left behind it counted out is a defective and powerful line really echoes of a bill to written of nineteen ninety two the comeback kid although Biden's hardly a kid he's more the comeback teaser than the comeback kid and also this line of of of appealing to the concepts of dignity and civility and normalcy I think they provide a fairly stark contrast to the president who's in the oval office now but Biden is still Biden it was all of his flaws but at this point he's the Democrats best hope and it's gonna be very difficult for Sanders to capture Steve thanks for your thoughts again this morning ABC news political analyst Steve Roberts it's also worth noting that this morning one of the former candidates US senator Cory Booker came out in support of Joe Biden for president the company's time five fifty one seventy two are propelling turns money update writer says Boeing's proposal to leave wiring bundles in place on the ground at seven thirty seven Max has not won the backing of federal aviation regulators last month Boeing told FAA a it does not believe it needs to separate or move wiring bundles on its ground at seven thirty seven Max jetliner the regulators have warned could short circuit with catastrophic consequences sources say the FAA told Boeing on Friday it did not agree with the playmakers argument the plane's wiring bundles meet safety standards and now it's up to Boeing to decide how to proceed Starbucks is testing a more environmentally friendly coffee Cup the chain today started using a prototype of a more sustainable paper Cup in some of its cafes in Seattle New York San Francisco Vancouver and London that's your money now Jennifer could shake a komo news in for a pretty brutal looking day on Wall Street this morning all of the major indexes are down nearly five percent in overnight trading come on it's time five fifty one will get back to Karen checkered traffic next at maverick gaming we're committed to a safe and fun environment that will help to support the local communities we serve we have deep roots in our state and we currently employ over twenty two hundred Washingtonians member gaming is proud to contribute to the local economy we support a regulated gaming system that will generate tax revenue to help support community priorities paid for by Washingtonians with sponsored by member gaining back feel box thrill six Olympia Washington ninety five oh seven it's madness in March at Harley exteriors because all the exterior is going to pay the sales tax on the beautiful efficient replacement windows you've been wanting party exteriors exclusive vinyl replacement windows are made right here in the northwest and come with B. Good Housekeeping seal of approval don't miss madness in March at a Harley exteriors they'll pay the sales tax serving homeowners for almost two decades with an a plus rating from the better business bureau and an a rating on Angie's list schedule your free in home estimate call eight triple three Harley or honey exteriors dot com at Fisher investments we do things differently and other money managers don't understand why because our way works great for us but it may not work for your clients that's why Fisher investments as a fiduciary obligated to put clients first is the highest standard for a financial adviser so what do you provide cookie cutter portfolios like the rest of us no cookie cutter portfolios here Fisher investments Taylor's portfolios to meet each client's goals and needs but you do sell investments that are new high commissions right and make commissions when you make trades for clients no Fisher investments doesn't sell any commission investment products and we never earned commissions on trades so what's in it for you Fisher investments fees are structured so we do better when our clients do better when it comes to helping clients achieve a comfortable retirement we're clearly different visit Fisher investments dot com to find out why investors like you switched us Fisher investments clearly different money management investments in securities involve the risk of loss are you counting the days until spring sorry we still have to put up with quite a few rainy cold days how's your home holding up with the chilly temperatures have meant a factor I want to tell you about crawl pros we had a very chilly drafty basement Intel we called crawl pros their professional team came out and did a thorough corner to corner evaluation of our basement crawlspace and attic and points out the trouble spots with a presentation complete with pictures and an explanation of what we could do to fix the problem we got an accurate bid on the spot having your home properly insulated is the single most effective step you can take to save energy and lower those utility bills crawl pros can help your home stay warmer in the winter and cooler in the summer that rodents love to get out of the cold wet weather too and they make a mess of your old insulation pest pros is the pest control division of crawl pros they can clean up the mess and seal everything up if you suspect any issue in your crawl space or attic including heat loss due to poor insulation water damage mold roads to what we did schedule an evaluation of your crawl space and

Oakland California ABC Matt Gutman United States Karen Travers White House Washington Vice President Ted Cruz Coronavirus President Trump Texas Senator
How and When to Hire a Financial Advisor

The Money Guy Show

09:20 min | 1 year ago

How and When to Hire a Financial Advisor

"This is so wonderful because obviously it is no secret. The entire world knows our day job. What we do is we actually are financial advisers and one of the the things I think the world I like the entire world because we're we're worldwide now? A lot of people mourns theory class. I have no idea who we are. Well check out the money the coaches do but not everybody in the world to actually like prospect. All through microstate classes like. I'll tell them okay if you want to know the truth before Gym Class Starts I the answer. Youtube comments perfect. So that's why I don't talk to anybody I answered. It's all your fault everybody out there your fault that. I'm not being socialist because I'm answering Youtube comments. I think what's it's really interesting is the lot of folks because the show reach out to us and say. Hey I want to work with you guys. I'm looking to work with your Yada. Yada Yada Yada and I think a lot of folks folks are really surprised when we answer and say hey thank you so much. That's incredibly wonderful. But it might not make sense for you to work with an advisor just yet. We're not one of the things that everybody everybody needs a financial adviser and so one of the things we WANNA help kind of walk through today is wind as an adviser make sense. Why does an adviser make sense? How do you pick an adviser? And what are the things that you you need to know. And what to expect. I mean success is when you know what you're going to get and you don't have expectations that aren't met so this'll be good now. It's going to feel this is something this is what we don't do these shows like I thought. I thought we did this show like last week and then I looked and it's been years probably a gun this show. Oh so definitely needs to be touched. And I think the reason we've been scared to touch on. This is because it does seem like one of those things. I've always been very hesitant to look like infomercials or sales jobs. But this is an education platform in the best customer or consumer you can have is an educated customers so this ties right into our platform of the abundance cycle in just learn apply grow and just give it away. So let's jump right in this thing. Let's first talk about an overview of the world of financial advisers. Yeah Yeah so we actually went and looked at the numbers and we were kind of surprised because it looks like right. Now there are two hundred seventy one thousand seven hundred financial advisors is. There's in the US and this is all this data we're compiling from the Bureau Viper statistics the CFP. That number. When I was actually surprised by down two hundred employ employ at two hundred financial advisors since we did this like two two and a half years ago so I wonder if that's folks retiring I wonder if that's mergers? I wonder what the thing is. It's causing down but it wasn't. It could be a rounding error in the way they two hundred people so we have two hundred seventy one thousand. Almost two hundred seventy two thousand financial advisers out there well of that eighty six thousand three hundred seventy eight of those are CFP professional certified financial planners. We'll talk a second about what that is and why it matters but for right now we just didn't has the prerequisite that's kind of the baseline if you WANNA be a financial adviser and then we also thought was interesting. Is One of the things the terms that we're gonNA talk about is how advisors I get paid about one point four percent or only thirty seven hundred of those two hundred. Seventy two thousand advisers are fee only advisors. That's that's us. We're the Unicorn that's right. That's what explain it when I talk to college. Capstone classes and others. We say we're the UNICORNS. You know this is. This is where a little unique. And that's what it's probably if we're going to explain that we're the UNICORNS. Only thirty. Seven hundred feeling advisors. You're probably wondering because look you realize very quickly and I know this is not. They're not not inclusive of all the numbers here but it's still a pretty good point that only a third of people have gone out and got the professional certification. I mean when you work with a public accountant. Count you kind of assume that you're there on the road to getting their CPA licence somehow financial. Planning it doesn't work that way because you can see the lion's Ryan share causes seventy percent people in and that's the thing I've always hated about this industry. Anybody can call themselves a financial planner. You can basically go hang a shingle single outside your front door and say open for business. What do I need to do so? Let's kind of go a little deeper. So people know what the requirements are what the standards birds are and what the education kind of things that you ought to look for so we think inside the financial planning world. There are three distinct business models that you ought to know about and kind of the thing that differentiates differentiates visor advisors. At least for the most part it's kind of how they're compensated. That's a real easy way to see the difference between different types of advisors so Bo. Let's let's roll into these different different types. Because and here's the cool thing I come from a background where worked actually worked in two of these camps bow. You've worked in one of these camps so I think we've got all three covered yet so it was kind of jump into these so the very first one is the commission based business model very simple simply these advisers that are paid commissions for the products they sell so a lot of times. You see through this with loaded. Mutual funds or insurance companies. They sell you insurance policy. ABC or Mutual Fund Xyz and they receive a company commission from the company whose products they are selling. And so you just said something that just triggered something that I hear. People say people were told sometimes about people that are pushing products is. Don't worry sorry. This is actually free to you. I'm paid by the Insurance Company. I'm paid by the brokerage hot. It is a pet peeve. So I just want you to know. You realize realized the price of the product that they're selling does so there even though the insurance company's paying them you ultimately are bearing that cost or just know that that's that's a sales tactic it's a little sleight of hand. I don't want you to fall victim to that. Exactly right the second one so we have commission with the very next business. Model is the fee based business model. And so what this means. It's an adviser who sort of paid through a combination. This is a hybrid. They receive some portion in fees but they also do receive commissions as well when I worked on the before fee only I worked for a CPA firm that we were more of the fee based model. 'cause we sold life insurance. We also did financial planning and investment management. We did a Lotta rap accounts we dabbled in annuities. Really we wrap account advisers. And when I say wrap account it's the fact that we would go back commissioned mission mutual funds but we waived the commissions that the mutual fund companies would pay and then charge of an assets under management type fee. We'd still get some some trails and might have changed because I've been out of that game for two decades but at the time you waved a lot of the commission's but it did awhile you did kind of look like a feeling adviser advisor in the fact that you're getting paid under like assets under management or some retainer model but you still keep your right to go sell a life insurance product or something and get commissions and get paid so you're getting paid both commissions as well as some type of truck that's right and so then the third and this is the one that we alluded to. This is what we call the UNICORNS are the only essentially. The way of feeling the adviser gets paid is directly from the clients. They work with. There's no outside company or third party pain. Then they get paid directly from the client and generally speaking it's either through like an hourly early model or a retainer model or an assets under management type model and think about that because I think we have a lot of people to reach out if you're thinking about by the hour that means you. I'm having engagement that you think you just had a need. That's going to go away after the project's over retainer means you maybe you pay an annual fee it's the same fee and in essence senator management. That is the majority of your bigger firms are going to be A. Um which means that they do take a percentage of the assets that they're actually adding value or managing for you. That's exactly but even inside there. It's it gets a little more nuanced. What kind of talk about that in a second so the next thing? I'd like to to kind of because I wanNA keep this rolling. I don't want to overwhelm people but I WANNA make sure we keep it. Going is understanding the difference between financial planning standards because they are too big camps and I think the public is clueless on this. It was a big battle in Washington. And I I bet. We could walk down to the streets of Franklin Tennessee and not any of the ten people we I asked. What are you know about suitability rules and they'd be like I don't know what how about a fiduciary standard there but what's heard of and by the way I still have trouble spelling fiduciary so this is a legit issue? So it's one of those things that I think that the public is definitely a disconnect so we want to kind of open that up a little bit and so I thought it was beautiful. Brian is I think we ought to define both of them. So I'll kind of read the definitions but then I want you to share what they actually. Because I've heard you you do this ten thousand times and I think you do really well. So the suitability standard requires that a broker makes recommendations that are just suitable for the client situation. It doesn't necessarily have to be in their best interest. Just can't be grossly negligent because they're selling your product that's right so then we think about the fiduciary standard requires an adviser adviser put the clients best interests ahead of their own and they adhered to the ARA is forced by the SEC. So here's the illustration always give people on this and this is the the older I get the more sensitive. I've come to what I put my body and I what I eat because they just had to pay attention because I know that healthier eat the cleaner. I'm going to live in probably longer I live and that's it's all important well. It's kind of like that with money. You would think that you won't have the best things working for your long term success financially. Here's is the problem though suitability all. It means. It doesn't have to be in your best interest. It doesn't even have to be the best product you just have to fit into into the term of

Advisor Unicorns Youtube Fiduciary United States Washington SEC Mutual Fund Xyz Accountant Franklin Tennessee ABC Brian Senator ARA
BlackRock CEO says it’s time to tackle climate change — starting with coal

Environment: NPR

04:09 min | 1 year ago

BlackRock CEO says it’s time to tackle climate change — starting with coal

"The world's largest asset manager is putting climate change at the center of its Investment Strategy blackrock overseas almost seven trillion dollars in investments the founder and CEO made the announcement in his annual letters to clients and chief executives of the world's largest companies. He said blackrock will exit. Investments that present. Hi Sustainability Related risk. He also said the company would launch new investment products that screen for fossil fuels. I asked Larry Fink about his message to investors who might say. That's all well and good. But you're not maximizing my prophets well in the United States blackrock as a fiduciary has to live under that mandate. That is the Orissa rules in the United States that the number responsibilities maximize return this is one of the reason why the United States is actually behind many places the world that places sustainability much more prominent. We've also made a statement that we believe in a sustainable portfolio will outperform or indeed. We'll maximize your profits over a long period of time. Their real questions about how you define a sustainable portfolio for example you've announce at blackrock will sell out of all companies that get more than a quarter of their sales from thermal coal. That still still leave some of the biggest coal producers in your portfolio because they do a lot of other things too. So tell me about how you made this call well. Coal is a very small component of any investment universe verse. It's a very small fraction. The principal standard most people use as a standard a fifty percent less. We brought that down to twenty five percent less. But let's be clear Cole is it represents a small component of the investible universe. I think the other things that we announced creating more products more indexes that have sustainability is a key characteristic. Because it'd be a lot more important that whether we invest in in coal companies that have twenty-five percent less of the revenues and coal. The key characteristic is making sure that more and more investors use sustainability as a metrics to look at investing and we we will create the tools. We will have the tools to help people guide that climate activists have staged protests outside of Blackhawks headquarters. Members of Congress have urged to do more. Tell us about why you're making this decision. Now we're doing this on behalf of clients. I have not done this with the idea focused on any activist groups or any other voice we are a voice to the investors. Our job is to be speaking on behalf of investors and I wrote this letter not as an environmentalist. I wrote this letter as a capitalist. was there one event or conversation or news story that really flipped the switch for you that made you think this is a moment. We have to fundamentally changed course now is really the sum some of all my conversations in every part of the world with our clients and witnessing their questions about this and it really became very clear to me as somebody somebody embiid and finance for forty four years. Very clear to me that we're at a point. Now where more and more people believe in the science of climate change more and more people are worried about their portfolios and how their portfolio is going to be performing over a ten year horizon some cities that have consistent problems related to flooding or fires. Those cities are GonNa have a harder time financing their debt over a long horizon. I raise a question about the role of a thirty year mortgage in areas where climate change could have a serious impact over time. Would you adequately issue a thirty year mortgage if you can't get proper private flood or fire insurance and so this is how we believe. We're seeing capital changing changing. If more and more people believe that climate change is going to impact their evaluations of their portfolios they're going to shape their portfolio. That's going to have less risk. We want to design better techniques. Better analytics to help our investors and how they hey can be better prepared for the eventuality of physical change in the World Larry. Fink is founder and CEO of blackrock. Thanks for speaking with us

Blackrock Larry Fink Founder And Ceo United States Blackhawks Fiduciary Cole Principal Congress
Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

All Things Considered

00:59 sec | 1 year ago

Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

"The world's largest asset manager is putting climate change at the center of its investment strategy blackrock overseas almost seven trillion dollars in investments the founder and CEO Larry think made the announcement in his annual letters to clients and chief executives of the world's largest companies he said blackrock will exit investments the present a high sustainability related risk he also said the company would launch new investment products that screen for fossil fuels I asked Larry think about his message to investors who might say that's all well and good but you're not maximizing my profits well the United States blackrock as a fiduciary who has to live under that mandate that is the risk of rules at in the United States at the time that number one responsibility is to maximize return this is one of the reason why the United States is actually behind many places the world that places sustainability much more prominent we have also made a statement that we believe that a sustainable portfolio will outperform or indeed will maximize your profits over a long

"fiduciary" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

02:02 min | 1 year ago

"fiduciary" Discussed on TalkRadio 630 KHOW

"The retirement plan checklist I let's go back to building this blueprint but there is an absolute art to building the blueprint or the financial plan because you don't it will takes us let's say an average of an hour and a half sometimes two hours of in depth conversations with our prospective clients to begin to construct that blueprint of the of the financial plan and then it requires another meeting where we're saying okay Hey this is what we heard did we hear you correctly right is this exactly what you envisioned is this what you wanted your your financial life to look like in the future and then we start making tweaks to it just in the same way you would when you're sitting down with the the the the person who has drawn up your blueprint for construction of a property or whatever sure you have the vetted through the proper channels of yeah I could use that word to understand exactly what we're trying to accomplish and by the way when you're going through that vetting process you might say well I'm gonna take money out of this accounts for my income and then you all the cities that you have with the taxes are going to kill me is there another op option of course there maybe well and that's all part of the checklist once that blueprint has been created the idea behind the blueprint is have you really had the in depth conversation with your spouse if you're not married have you really had the in depth thought process what about you with yourself in understanding you've got it all laid out in in you've been open and honest with whoever's trying to prepare your financial plan look here's the deal but now I've been doing this combined almost seventy years and I think that and we could probably put together on two hands the number of people that have come into us over that time that actually had a plan done properly yes that's a true states are my challenge to you is this give us a call get a second opinion let's take a look at what you're doing if you're doing it right we'll give you a hearty handshake and a Pat on back and say good job and keep doing what you're doing if there are holes will be able to point those out to you opportunities will build a point those out to you we don't have anything to sell you were fiduciary is we wanna give you.

fiduciary
"fiduciary" Discussed on KNST AM 790

KNST AM 790

03:14 min | 1 year ago

"fiduciary" Discussed on KNST AM 790

"Fiduciary dot com this is A. N. S. T. E. M. seven nine I art radio station doing over security I'm Jane Metzler fox news they are families of service members and independent contractors killed or wounded in Afghanistan stunned to learn who apparently was hired to protect them fox is Jerry helper and has the latest live from Washington no more than one hundred families of American military members and contractors killed in Afghanistan are suing American and international companies accusing them of hiring Taliban members for security with money that was later used to fund deadly attacks in a court filing those families accuse western companies with lucrative business interest of paying off the Taliban to prevent attacks instead of relying on American forces for protection the allegations are based on witnesses with direct and indirect knowledge an internal company documents the court filing says Jane thanks jerit another cause for concern joint military exercises involving Russia China and Iran this joint military exercises are kicking off me running port city of Chabahar located in the Gulf of Oman that's outside the Persian Gulf in the volatile straight inform moose boxes Lucas Tomlinson China Russia sending warships to Iran a tacit endorsement of runs provocative behavior against the west according to US officials Japan meantime sending warships to that region to protect western oil tankers at the close on Wall Street the Dow is up twenty four points and all three indices are reaching record highs for a second straight day a wintry mess headed to the Midwest it shut down interstate highways from California to Nevada is now on the move Phoenix already seeing some flight delays this hour America is listening to fox news in favor of the state health I'm going to K. and S. T. news former state representative don shooter had sued claiming that when he was expelled from the house last year amid sexual harassment allegations it amounted to wrongful termination but a judge found the because the lawmakers who ousted him were in his employers he could make that claim the judge also rejected shooters allegation that is privacy was violated a mother has a court date after her Christmas day arrest a mesa mother is facing child abuse charges after allegedly hitting her eight year old son and blaming his injuries on his three year old sister Nicole Smith was arrested after the boy's father came home to find you some of the bloody nose and contacted police the boy told investigators his hands were dirty so his mother started hitting him according to police Smith admitted she was drunk when police contacted her court paperwork also noted a history of domestic violence Greg Paul K. an S. T. news I'm Donny G. K. and S. T. A. M. seven ninety two sounds more stimulating talk this is a special alert to all Americans to own a vehicle with less than two hundred thousand miles with an auto warranty about to expire or.

Fiduciary
How to Make an Intelligent Car Purchase in 2020

The Money Guy Show

05:16 min | 1 year ago

How to Make an Intelligent Car Purchase in 2020

"We always announce the typical car. Purchase is thirty. Nine thousand one zero five okay. That's what we've used a stat. That might be an updated stab at somewhere in that absorb park with. Daniel showed me that the actual new car price is thirty. Three thousand three hundred and twelve dollars. The difference is the negative equity meaning. There are so many people who are buying new cars that are under water. That thing negative equity is getting rolled into their new per so the dealership. Don't don't worry about make cnet even know where about making that whole. Just go ahead and roll that on in so you can buy this thirty three thousand dollar car for thirty nine thousand dollars so it's even worse because the interest rate on the negative would've equity loans is over seven percent which is unbelievable. That's incredible if you think about the opportunity cost of your army of dollar bills that hurt you. And the average linked linked of loan is over now six years. So if you bring all this together it made me. Also we need to do a public service announcement on how not Descru- store purchase purchase so we went and pulled the archives for the money show. We saw we have not done a show on purchasing vehicles in the last two years. We're like okay. What's going on in the world but this is something that we can help? People make better financial decisions on car purchases in twenty twenty. We've actually put it in steps. We're going to walk through some steps and how you should approach the car buying process some things to think about but before we do that we have to lay out what we consider kind of some ground rules to get your mind right. So take a deep breath in Dan and then these are the things we think. If you're going to actually even approach the subject of purchasing a car. How do you idiot proof and give yourself some ground rules rules on to approach this in a well rounded way? I love and I think Brian the very first one that you started with. And and I I've heard you counsel so many folks as they approach this when it comes to purchasing an automobile. Don't make an emotional decision right and look the car manufacturers the car dealers they know. This is an emotional purchase. That's why if you look at the ads. We're in the holidays right now. They do the crazy thing. You'll see you'll see a husband or wife give if some essay one surprise you and then it's usually the husband because for some reason I always put the husband. I've got a surprise for you. And then they go out and they have an SUV and a pickup truck in the driveway. With Golfo what idiot buys a vehicle without talking to their spouse. But somehow we're supposed to celebrate this and things that this is where things are so it's emotional and then I remember I can't remember. Volkswagen started with a little car on the guy's head because it was like a car. It's on it's on his brain but then it keeps keeps getting bigger bigger bigger bigger into. Because you just can't control yourself so the first thing you have to do is make sure your practical side is going to win out in this war war over your emotional side so promise yourself that you also you need to know and we're going to repeat this several times in the show he neither tell yourself we will not not be buying this car in person. We're GONNA be talking about phone calls. We're GONNA be talking about email. You gotTa keep the Home Court advantage us all those resources you also need to. I understand that purchase price trade in values. All those things are much more powerful than the monthly payment trap Bo. Tell them what they do. You Walk on dealership. What's the first question that a sales person always ask you okay? Well what are your monthly payment to be before you start talking about. What kind of car priced car? Why what what's it's your budget? How much you planning on spending a month? Well here's the dirty little secret you don't know just about any car they can put you. They can fit inside that monthly payment box. If you're starting the conversation conversation there you're starting in the wrong place and that leads to the last thing which is look opponent. Purchase transactions go have multiple components opponents. And you need to be standing on guard. You need to tune up your spidey senses on all components of the transaction. We're talking about the purchase. We're talking about the trade in the the finance and even the extended warranty or throw in that last meeting unique to be on guard through the entire process. That's the only way you're GonNa make sure that you don't walk into a deal that you'll financially struggling with for years it will be the tell that follows you around and I. I don't pay too broad of a brush here but unfortunately in in most circumstances when you go on a car dealership and when you meet with that car salesman the odds are that they are not trying necessarily to put you as their our number one priority. There ain't nobody at a car. Dealership is a fiduciary there's no legal obligation to ensure that you get the best deal so let's let's jump into to this because there's obviously some steps we can take this the priests ups that setting the table. Now let's actually move into step one. which is you got to know your budget? Yeah and I I love it Brian. What you said is know your budget not know your monthly payment amount? That's not what you need to know you need to know. How much can you budget to purchase car car purchases? It's amazing they even call these things assets because they depreciate so quickly that you need to get your mind right understand that it is all about how much much use you're going to get out of that. So that's why I tell you know your budget but also how do you view your relationship with your

Brian Daniel Volkswagen Cnet Descru Fiduciary DAN Home Court Salesman
"fiduciary" Discussed on Merriam-Webster's Word of the Day

Merriam-Webster's Word of the Day

01:56 min | 1 year ago

"fiduciary" Discussed on Merriam-Webster's Word of the Day

"Merriam Webster's word of the day four October twenty second. Today's word is fiduciary

Merriam Webster fiduciary twenty second
"fiduciary" Discussed on Tech Policy Podcast

Tech Policy Podcast

14:12 min | 2 years ago

"fiduciary" Discussed on Tech Policy Podcast

"At Georgetown University. Lindsey, thank you for coming. Thanks for having me to discuss your article about information, fiduciaries and the privacy framework, and how those concepts can beat together United States right now is at close roads. We have a California consumer Protection Act that is going to go into effect on January first of twenty twenty pushing everyone to have a privacy debate over again, which is I think a good thing because a lot of things have changed since last time we kind of fought Fru privacy reform, and how -nology has changed that were understand privacy, both from government and consumer privacy. And now we have this question of do we pass a federal privacy legislation? Do we let California go into effect and states pass phone laws house is gonna affect the economy? How's the effect consumer rights? There are so many questions that we have to ask ourselves. And there's no clear, one solution that both parties can come to not yet. At least we have a little bit more time left, but I would ask you what is the failure of notice in choice model that we have right now? Oh man. How much time? So in this paper, I kind of go through why what, what are the failures of not just notice in choice. But the other failures of American privacy law and regulation that require a new approach to, to the ecosystem in terms of noticing choice. We, we have this fiction that if you provide people with a boilerplate notice of data collection, you've your data youth and collection policies that. Than they are given sufficient information to weigh the risks and make decisions accordingly when in reality, you know, the volume of privacy policies that we encounter each day and privacy choices. You know, there's privacy settings other things privacy policies, the third confusingly written usually at a reading level, that far exceeds that of the average American, they're written in can confusingly lease their Opik. They often don't disclose all the risks that a person needs to know because the company doesn't can't predict the future or because the privacy policy is hiding what the company doesn't want to tell people and then the on that people just have basic cognitive limitations. That make that make notice and choice, a an insufficient way for people to protect themselves in the online, ecosystem. So. People are generally pretty bad. At ascertaining risks, people, there's something, there's a phenomenon known as hyperbolic discounting, which is we, we tend to opt for a short term rewards over longer term rewards. And, you know, things like using using public wifi to mmediately, log on, even though we know it's about idea. There are so many ways in which noticing choice, does not enable people to and not to mention the fact that the, there's a notice, and then the choice that would imply either that the, the company actually gives you choice or if you say, all right, you know blank blanket privacy policy company, I don't wanna use. I will then go use the alternative to this product or service, that also doesn't usually so in twenty six ways to Sunday noticing choice is non effective way for. People to make privacy decisions and generally protect themselves, online and Europeans were little faster than United States. And they have passed the general data protection regulation. What is special about that regulation? And why don't we just adopt what they did? Yes. So that's basically the part of what I tried to grapple with in the paper. So the symposium that I wrote it for was about the GDP are. And I've been reading about professor Balkans idea of the information fiduciary and. Kind of trying trying to square, the sort of philosophical reasons of why you would want that as opposed to the GDP, our conception of privacy as a fundamental, right? And frankly, now GDP are a lot of great things and an information to share framework isn't. Mutually with the rights and approaches at the GDP are take. So, for instance, a lot of the individual rights, I think you could sweep in under a under the duty of loyalty to the of care, you the GDP are provides for various avenues for individuals to actually vindicate their claims and can get into court, an information fiduciary Bill could have a private right of action could could require the or, you know, provide for both on the FTC in the state. A vindicate claims that kind of thing the GDP are take say very deliberate and strong approach to enforcement, which an information fiduciary Bill would absolutely have to do any privacy Bill has to do if we can't make you know, these sweeping grand pronouncements about how important privacy is without actually providing the incentives for company. These to abide by it. So the GDP are builds on a constitutional right to privacy that US law doesn't have. And, you know, we that in many ways, kind of elevates the conversation in Europe a over privacy. And in addition to giving it a legal underpinning or a stronger legal basis, whereas in the US for consumer privacy, there's there tends to be this narrative of privacy is a good, which means that people should be able to trade it away under any circumstances. There should be known. There is no moral imperative of protecting people when it comes to consumer privacy and what I liked about information. Fiduciaries is it seemed to me to even even without a constitutional right to privacy, private private entities information fiduciaries with the finish? A framework is developed in a commercial context. So it takes. The idea that you have professional performing. They're performing their trade. But at the same time their rights and prerogatives need to be limited in light of the. Incentives that they have to abuse, the vulnerabilities of their clients, and some really we, you know, you, you take that approach to data collectors, who are trusted with people's sensitive information. There's an symmetry of power, and there's incentives to abuse that power, because no one's making them abide by the law, and the law sets the bar, very low, and that adds a moral Valence to the idea of consumer privacy that US law, and the idea of privacy is something you should be able to trade away under all circumstances. Currently lacks, as I understand it permission fiduciary concept would be at step towards more of a European phil- philosophical approach to privacy. So it would take us from a good in kind of Louis forward in direction of this is more of a right? But not be fully there is, is that sort of the claim I making the paper. And I think you know, you can look at it number two ways. I think some sometimes, you know, the paper is also it's, it's grappling with basic realities, but it mostly sets out an ideal set of circumstances, what I think should happen. Not what kind of parameters you need to fulfil within the con- within the house. We have the Senate we have cetera. I think that any any system of regulating privacy. That elevates, the idea of privacy against companies moves us towards privacy, the right. It doesn't create the same kind of textual. Right to both. Privacy and data protection that, that you're a pass, but you also don't need it. So, you know, he you could say kind of in this philosophical sense. Yeah, it moves us more towards a European understanding privacy in that the Europeans tend to think it's important to end. There is a there's a narrative in American policy discussions, that privacy is not. But I think also just by virtue how loaded, you know, oh, GDP are, is taking over American privacy law. It's it's one way of looking at it, it's not necessarily determinative. I see. So you care about more of protections should be put in place versus of a cultural and philosophical thinking that we as a society would have over privacy action I thinking after. I wouldn't say that more and more that I agree with your framing, but we also don't need to say, you know, this makes us more European by virtue of the fact that a lot of people tend to read that and, you know, run in twenty seven different directions of I, I read that. And I think oh, you mean the people who think that protecting people online is important. Great Eva, but, you know, I'm I'm talking semantics, but my guess is it's because the discussion has been so intense and very people are separating into camps, and there's crossfire. So I think yeah. Using trigger words like right is definitely not helping anyone move the needle now. Unless permission fiduciary in Hollywood. Apply in the privacy, framework. What, what, what, what did you propose? So either couple different ideas. So I'm a basing, you know, the whole paper is based off of Jack Balkans, working also Johnston's at train. So they're kind of they're thinking, was, obviously, very influential, and I was building off of that one thing that I think is important is that it has to be a compulsory classification if. Balkans at trained setup or rather they propose, an opt in framework, which I think given the current incentives of the Cosette namely, collect, I ask questions later and regulators are working with both inadequate tools, but also not doing as much as it could that won't be enough to fundamentally reset the balance, given how far skewed it is towards corporate progress and away from individual rights and protections. So I think I. You know, you, you apply it on a compulsory basis, second. Who does it apply to? So if we're if we're talking about in FTC enforceable framework than you, you either have to change what their jurisdiction to typically encompasses or accept the limitations of. No, this doesn't apply to come and carriers. I think that in order for this to be affective for a comprehensive privacy law to be effective you have to apply to the entities collect data period. So. Collects data. Yes. I think there are there ways to, to think carefully about, you know, certain what's one wing for like a forgiveness like you try, once you get a warning you get off for small businesses, but not necessarily completely exempted because, of course, small businesses can still violate your privacy. But yes, I think it should apply across the board. And then after that, I, there's a number of different components. So I think that in general, you know, a fiduciary framework includes a Judy of care duty of loyalty confidentiality, these can be interpreted or implemented in a range of different ways. One of the reasons I like a fiduciary framework is that Judy of care loyalty, a little bit less. Confidentiality is a broader sense of kind of the digital vulnerabilities end. Ways in, which we are at risk in using network technologies. So, you know, I think that a fiduciary framework, cutting, compass manipulation and a like an anti discrimination. Principle, or setup and in considering how how to regulate the way that tech affects us is, is crucial. We're talking about privacy law, but just kind of a sense of privacy as disclosure of information, I think, is too limited considering the ways in which, you know, online services and products impact our lives. So that's one of the reasons why I like fiduciary framework is because it is capable of encompassing, this broader approach to both digital harms and privacy harms, because one of the one of the things outlined in the paper as a problem of our ecosystem is in overly narrow poach to what a privacy harm is so to undo focused on physical, harm or monetary..

fiduciary United States California Georgetown University FTC Bill Lindsey Europe Opik Balkans professor Senate Louis Eva Jack Balkans Hollywood Johnston
"fiduciary" Discussed on WLAC

WLAC

02:11 min | 2 years ago

"fiduciary" Discussed on WLAC

"Assure you it is too good to be true. In a lot of times. There's even people who radio or TV or whatever. And they're giving investment advice, but they're not licensed in any way. So they don't have to worry about whether something's gonna come back on that. Right. So they can just well, you know, I just, you know, wrote a book, I just gave a lecture, and and I just told people, you know, they got to figure out what's best for them. But then people walk out of there going. Oh, well, they told me to do X, right? Yeah. Yeah. You gotta be careful with who you listen to as far as where do you get your investment advice from? There are a lot of licenses that you can have. There are a lot of different ones. And they all mean different things. But don't be afraid to ask people. If somebody asked me what you know, what in is securities license. I had I would have no problem with telling. Right. You know? So if somebody is offended at that. I would be a little leery. Probably because that's not a hard question to answer. If somebody asks me that one of the good questions always ask is, do you have a fiduciary responsibility. Do you have responsibility to do something in my best interest or just what you feel is kind of appropriate at this? Yeah. So in all of us all of us have granted retirement tax visor. We hold licenses that require us to have your fiduciary fiduciary needs or we have that fiduciary responsibility to always hold that at the forefront. So investment advice kind of you gave good description there. So retirement, planning investment advice, all ultimately conduct tale into that. Because that's when most people are saving. Sure. But how would you differentiate that? So, you know, retirement planning is going to be, you know, a step by step of, you know, first off you need to get to this point. Once we get to this point. We can then invest your assets, the investment advice, we can invest your assets in this way to create this income along with. This growth to accomplish your retirement goals to fulfill your retirement needs a lot of people that are in their seventies. They have no retirement needs the pension and social security takes care of it. And and their retirement planning is just pay. I want to take this level of risk. Where do I invest my money to get the most your term right.

fiduciary
"fiduciary" Discussed on KOA 850 AM

KOA 850 AM

01:34 min | 3 years ago

"fiduciary" Discussed on KOA 850 AM

"Is the financial industry regulatory authority they issued an investor alert about variable annuities go read that alert tell me that i'm wrong tell me that i'm exaggerating so if you come after guys like me guess what you're going after an entire regulatory body to and it's not just finra department of labor fiduciary rule that that raised investment advice standards in retirement accounts right ira's 401k's funny thing is guess what annuity sales were pushed down for the third consecutive year according to a retirement institute all right they track this insurance data but that happens when you work to end conflicts of interest that may exist when brokers are selling these these products for a commission just like they do with annuities is the marketing efforts used by some variable annuities sellers deserve scrutiny especially when seniors are the targeted investors sales pitches for these products might attempt to scare or confuse investors one sales tactic used with seniors is to.

fiduciary 401k
"fiduciary" Discussed on KFQD News Talk

KFQD News Talk

02:34 min | 3 years ago

"fiduciary" Discussed on KFQD News Talk

"Stands for i think you do it's time to talk about fiduciary that we didn't do it last weekend because we just didn't have enough time to get all the information out for you but the very exciting news from the certified financial planner board of standards huge change what is that huge change starting october first of twenty nineteen cfp professionals anyone who's got that little cfp after their name that's like me i have that we now all must act in the best interest of our clients at all times now here's the difference it used to be the rule was that you would be subject to the fiduciary standard if you were conducting financial planning for a client but now any kind of financial investment any kind of like anything with a dollar sign kind of advice if you're a cfp as of october first twenty nine thousand nine so a year plus away you now have to act in the best interest of your client you are subject to the fiduciary standard now remember this is a this is important because the vast majority of brokers or insurance reps the all the people who are selling some kind of securities product even if it's an insurance policy that has a securities component most of those people are held to a lower standard it's called suitability that means that would ever this salesperson recommends to you and i put recommending quotes and doing air quotes that has to clear a pretty low bar it's essentially what is deemed suitable for you and it doesn't necessarily have to be in your best interest so effectively what that means for you is that you could pay more money for say a five twenty nine plan that has some fees or commissions but it's not the best plan for you and i think that this is really important it also may mean that you're buying a mutual fund that has a big charge when a cheaper one exists maybe it means that you're buying some weirdo complicated insurance product which has all these bells and whistles that you don't really need when honestly the best thing for you would be.

fiduciary
"fiduciary" Discussed on KSFO-AM

KSFO-AM

02:32 min | 3 years ago

"fiduciary" Discussed on KSFO-AM

"I think you do it's time to talk about fiduciary that we didn't do it last weekend because we just didn't have enough time to get all the information out for you but the very exciting news from the certified financial planner board of standards huge change what is that huge change starting october first of twenty nineteen cfp professionals anyone who's got that little cfp after their name that's like me i have that we now all must act in the best interest of our clients at all times now here's the difference it used to be the rule was that you would be subject to the fiduciary standard if you were conducting financial planning for a client but now any kind of financial investment any kind of like anything with a dollar sign kind of advice if you're cfp as of october first twenty thousand nine so a year plus away you now have to act in the best interest of your client you are subject to the fiduciary standard now remember this is a this is important because the vast majority of brokers or insurance reps that all the people who are selling some kind of securities product even if it's an insurance policy that has a securities component most of those people are held to a lower standard it's called suitability that means that would ever this salesperson recommends to you and i put recommending quotes i'm doing air quotes that has to clear pretty low bar it's it's essentially what is deemed suitable for you and it doesn't necessarily have to be in your best interest so effectively what that means for you is that you could pay more money for say five twenty nine plan that has you know some fees or commissions but it's not the best plan for you and i think that this is really important it also may mean that you're buying a mutual fund that has a big charge when a cheaper one exists maybe it means that you're buying some weirdo complicated insurance product which has all these bells and whistles that you don't really need when honestly the best thing for.

fiduciary
"fiduciary" Discussed on KFI AM 640

KFI AM 640

02:11 min | 3 years ago

"fiduciary" Discussed on KFI AM 640

"Cfp's must act as a fiduciary in the best interest of the client at all times period that's remarkably clear concise direct and unambiguous and what it means is in all the areas of advice that a financial planner gives they have to act as a fiduciary now we mentioned earlier that the industry hates the cfp's action not everyone in the industry but there is a large segment that's not happy at all well let's take a look at the public comments that have been submitted to the cfp board during this process sieff ma calls itself the voice of the securities industry sieff nna represents broker dealers banks and asset managers and said in its public letter quote the revised proposal fails to address our members concerns they call the proposal a quote considerable overreach and says the cfp boards should return tain its existing rules that the board should explicitly state that the proposed standards are not designed to be a basis for liability they're afraid they're going to get sued if they don't comply and they say that the cfp board should take notice that heavy burdens would be imposed on sieff mas members which may cause those firms to reevaluate their relationship with a see if people word including discontinuing their practice of reimbursing advisors for the costs of training testing continuing education and membership as a cf pay and exploring alternative designations and certifications in other words what sigma just said here is that if you go through with this we're going to tell our advisers to drop their cf pay and go get a different designations from someone else who is more lenient in the rules out you guys didn't seem to care then there's the financial services institute which represents one hundred and sixty thousand independent financial advisers sieff represents the big broker dealers and banks and asset managers but the fsi represents the.

fiduciary
"fiduciary" Discussed on WPRO 630AM

WPRO 630AM

01:53 min | 3 years ago

"fiduciary" Discussed on WPRO 630AM

"Cfp's must act as a fiduciary in the best interest of the client at all times period that's remarkably clear concise direct and unambiguous and what it means is in all the areas of advice that a financial planner gives they have to act as a fiduciary now we mentioned earlier that's the industry hates the of peace action not everyone in the industry but there is a large segment that's not happy at all well let's take a look at the public comments that have been submitted to the cfp board during this process sieff ma calls itself the voice of the securities industry sieff now represents broker dealers banks and asset managers and said in its public letter quote the revised proposal fails to address our members concerns they call the proposal a quote considerable overreach and says the cfp board should retain its existing rules that the board should explicitly state that the proposed standards are not designed to be a basis for liability they're afraid they're going to get sued if they don't comply and they say that the cfp boards should take notice that heavy burdens would be imposed on sieff members which may cause those firms to reevaluate their relationship with a sea if people word including discontinuing their practice of reimbursing advisors for the costs of training testing continuing education and membership as a cf pay and exploring alternative designations and certifications in other words what sieff just said here is that if you go through with this we're going to tell our advisers to drop their cf pay and go get a different designation from someone else who was more lenient in the rules.

fiduciary
"fiduciary" Discussed on KPAM 860

KPAM 860

02:25 min | 3 years ago

"fiduciary" Discussed on KPAM 860

"And had to do with prudence this person who does this person oh his duty his fiduciary duty now fiduciary duty is like an attorney client that's that's an it fiduciary relationship doctor patient as a fiduciary relationship so it's that kind of relationship where the fiduciary has the duty to look after the best interest of the client and not necessarily the company that the fiduciary worked for law and that's that's the issue and typically speaking the traditional person who is licensed as just a stock broker as ordinarily and has been i think reestablish even more so now had a duty to the company before the cluster mer uh and that raised some real issues of course because then that that would influence perhaps there the type of recommendations that they would make to their customer however i mean i think i but i don't think it's fair to say that that made all brokers bad or all brokers looking after only their best interest for their country's best interest but it all kind of open that door so so that's a you know and and just like any other industry you know there are there are bad eggs and in all of the basket somewhere uh and and the fiduciary responsibility is one that you know is usually that the one that subjects you to get sued if you if you hit bad advice or or improper advice by because you were looking after your own interest as opposed to the interests of of your client uh lawyers have a fiduciary responsibilities to their clients and so uh so that's kind of the one side of it and i can't tell you all the list of you know different certifications and things but i do know that that that what trump does is what i think he's called the you know he's a fight fight a fight do fury and he's a financial planner and he's got in all sorts of letters behind his name uh but i know that he has the fiduciary relationship show gets his his duty to to try to give you his best advice and that that's in your best interest not in his financial interest so that's that's the big difference there are i think you could just ask them you can just say you know what what are your.

fiduciary stock broker attorney
"fiduciary" Discussed on Freedom 970

Freedom 970

02:22 min | 3 years ago

"fiduciary" Discussed on Freedom 970

"And had to do with quotas this person who does this person oh his duty his fiduciary duty now fiduciary duty is like an attorney client that's that's an it fiduciary relationship doctorpatient as a fiduciary relationship choice that kind of relationship where the fiduciary has the duty to look after the best interest of the client and not necessarily the company that the fiduciary worked for the wall and add up that's that's the issue and typically speaking the traditional person who is licensed as just a stockbroker is ordinarily and has been i think reestablish even more so now had a duty to the company before the cluster mer uh and that raised some real issues of course because then that that would influence perhaps there the type of recommendations that they would make to their customer however i mean i think i but i don't think it's fair to say that that made all brokers bad or all brokers looking after only their best interest for their country's best interest but it all kind of open that door so so that's you know and and just like any other industry there are there are bad eggs in in all of the basket somewhere and and the fiduciary responsibility is one that you know is usually that the one that subjects you to get sued if you if you a bad advice or or improper advice by uh because you were looking after own interest as opposed to the interests of uh of your client uh lawyers have a fiduciary responsibilities to their clients and so uh so that's kind of the one side of it and i can't tell you all the list of you know different certifications and things but i do know that that that what chuck does is what i think he's called of you know he's a fight fire fight do sherry and he's a financial planner and he's got in all sorts of letters behind his name uh but i know that he has the fiduciary relationship so it's is his duty to to try to give you here's the best advice and that that's for in your best interest not in his financial interest so uh that's that's the big difference there are.

fiduciary attorney sherry
"fiduciary" Discussed on Super Station 101

Super Station 101

01:37 min | 4 years ago

"fiduciary" Discussed on Super Station 101

"Important that there are a fiduciary so some the government his force they fiduciary duty on brokers now so yet i hurry time just for retirement has just for iras in 401 k is in anything that's retirement account but they're not fiduciaries for anything that's not so if it's an individual a counter joint account or money you didn't say when attacks for plan they're not fiduciaries for everything and and so so i think it's important that you're working with somebody that is a fiduciary for all of your savings and strategies and and that's what we are so if you're warning that kind of planning for yourself you know forget the letters behind the name is there a planning process do we dig deep do we really help you figure out all the things that are on your mind do you have questions that you're not getting answers to either from your current broker banker from me internet you've google it and you're not sure what to do we can help you think through all of that and we will do that for the first fifteen callers right now no cost no obligation in our intention when you come in is that you have really benefited from begin here and that you feel that way that you walk out of here feeling like this is some of the best time you've ever spent and you've got your answers to the questions that you had that's our intention when you walk in and we do everything we can to make sure that the eu benefit from being here in a way that you haven't before so if you would like that uh call now 98 a triplezero six 205 98 a triplezero six we do ask.

fiduciary eu 401 k
"fiduciary" Discussed on WIBC 93.1FM

WIBC 93.1FM

01:40 min | 4 years ago

"fiduciary" Discussed on WIBC 93.1FM

"To the products and services and the strategies that would really be in your best interests so again just a couple key questions to tasca's i referred to earlier what licences you hold are you how to a fiduciary standard and asset financial professional to really defined with those standards are and then you'll know i believe with a a degree of russia terrance what kind of financial professional you're working with and whether they're held to fiduciary standard are are simply a a suitability standard so hopefully find is very relevant as you're think about your retirement situation and if you're nearing or maybe you're already en route tyumen i think it's really important that you have an ally that you can count on a financial professional with of a focus on retirement income generation new and nextgeneration strategies but also someone who knows and understands the investment landscape and at least half strategic partnerships that will help you to feel confident of what your future will look like when you integrate income planning and investment planning pay attention to your tax strategy healthcare planning and what what's going to be left behind so i want to invite i too to give us a call at the singer financial group and come in and visit with us and validate if you will that if you will our process syrup to singer financial group if you have at least three hundred.

tasca fiduciary russia