22 Burst results for "Investment Professional"
KGO 810
"investment professional" Discussed on KGO 810
"You're almost a hoarder when it comes to your finances or maybe you survive through the 2008 2009 economic debacle and took a 30% haircut in your 401k and now you want all that money to be on the sideline. You want to keep everything in cash. Those kinds of historical memories that can also combine with the emotions to lead to some really bad decisions. In order to engage in that disconnect so that you're making a decision based on what is right for you, solid things like timeline toward retirement, how much you're going to need, things that are fairly concrete. Do you really maybe need a third party that can help bring that sense of groundedness to your decision making if you are overcome by history and emotions? The most successful people on the planet both psychologically and financially create a team, a coaching team, whether it's a CPA, an investment professional, an attorney, you've got to look at those decisions from every angle and if you juxtapose your decisions across all those disciplines, I think you're going to come out with a much more deliberate, conscionable decision that you can probably live with. We all have our prejudices and our biases as we approach a decision. We're a product of our environment, and if we lived in an affluent home as a kid or a very financially modest home as a kid financially speaking, those kinds of values and judgments can sometimes interfere with a good judgment today. And so we always talk about bringing a collection of disciplines to the table. And then you digest all of those opinions, you may still go back with your original thought, but at least you have consciously exported it from a variety of angles. Of course, confronting with your family, certainly first and foremost, if you are married or with kids or whatever, you've got to discuss all the options lay out the pros and cons. Get a yellow sheet of paper, put pros and cons with a line down the middle and that's a simple exercise. Look at the worst case scenario if you make that decision. What happens if the worst case scenario happens? You make that investment and you lose every nickel. How does that affect your family, your life from that point forward? I always like to take the worst case scenario. The best case scenario, you know, I'm going to make a gazillion dollars and I'm going to go to Hawaii twice a year is that once a year or once every other year. That was very easy. Those are softball questions. It's really what if it doesn't work out and can you live with the consequences of the bad news? So I think there's a lot of conferring with people and you'll walk away. I think with much more deliberate
Bloomberg Radio New York
"investment professional" Discussed on Bloomberg Radio New York
"And that's your Bloomberg business flash. Doug, remember when summers used to be quiet? Definitely. You got it all in there though. The amazing Doug prisoner there with a Bloomberg business news flash. Well, we have leaned Paul big time into healthcare this week. I don't know if you've been doing that with I'm assuming with you guys too. Many investment professionals seem to like the space. And he continued to say the industry is right for more and accelerated innovation. So with that in mind, let's bring in our next guest. She is Anna protopapas. She's president and CEO of the biopharmaceutical company. And she's joining us on the phone from Cambridge, Massachusetts, and I forgive me if I've mispronounced your name and if I've mispronounced the company name, it's been a crazy day. How do you say your company? It's most service Therapeutics and you pronounce my name perfectly. Okay, thank you. Thank you. We're so delighted to have you. Here, tell us a little bit about the work you are doing. Because I do mean it that many would say that healthcare and therapies and treatment modalities, they are ripe for innovation. So tell us a little bit about what you guys are up to. Yeah. It's a very exciting time for most time. Now we are working on antibody drug conjugates, which is a real one of the fastest growing treatments in college. And we really innovated around how to design this type of molecules and we're in the very fortunate situation to have our lead asset in a registration enabling study. We hope to have our top line readout next year and if all goes well at filing for approval with the FDA and then we have two new very innovative molecules coming that have just come into the clinical development stage one of which is the subject of a very exciting deal. We announced a few weeks ago with GSK. So can we take a step back because I was pre med, but I have to say that really? And here I am in journalism. But I have to say, I want to go back to because Paul's really smart, I'd like to think I'm fairly smart. But you talk about these next generation antibody drug conjugate cancer treatment. Can you kind of dumb it down a little bit and tell us why this is so interesting and distinct. Well, ABC, it stands for antibody drug conjugate, which is exactly what it means antibody that carries one or more drugs on it. And it's the pan ultimate targeted therapy. Think of it as a precision weapon. So the antibodies design to specifically bind to proteins that are only on the surface of tumor cells and not on the surface of healthy tissues. So the antibody once systemically given to the patient sort of holds it quickly to the tumor cell, binds to these unique proteins, gets pulled into the tumor cell, and then the drugs that it carries is released and kills the cell. And it's a very exciting way to really attack cancer, which we all know is a terrible disease. We've made lots of progress over the last decade, but there's still a lot more work to do. So we really innovated around how do you design this antibody drug conjugates and importantly, what kind of drug to your attached to them, historically, and we've done this as well. You've put drugs on the antibody that are called cytotoxic, which means they kill the cell. But we've done something that has taken a D.C. beyond the cytotoxic realm, and we put on the antibody molecules that activate the immune system to teach it how to attack the tumor. And that's a very exciting takes application for ADCs. Carol, you said we think we're fairly smart people. But I think Anna wins this game. She has an undergraduate degree in Princeton, a master's at MIT. Chemical engineering. Who does that? And then an MBA from Stanford. So we'll give it to you, Anna. All right, so give us a sense of what it's like to work with the FDA. I'm not very familiar with that process, but I think we've all become pretty familiar with it during the pandemic. How BioTech and pharmaceutical companies interact with the FDA, is it any different now than pre-pandemic? Because one of the things I was amazed about is how quickly these pharmaceutical companies were able to get the vaccines out. Yeah. Well, I think we have had very constructive interactions with the FDA. As I said with our leaders that we work in late with late stage ovarian cancer patients, it's really a terrible disease. These patients have very few options. And once we had early data that showed promise, we engaged with the FDA and they guided us on how provided very constructive feedback on how we could proceed into the registration enabling studies we have now and obviously the data is going to drive the ultimate decision of the FDA, but I think you should think of the FDA's really consisting of thousands of very dedicated and experienced clinician scientists who are very keen to work with the industry when innovation is available and
Bloomberg Radio New York
"investment professional" Discussed on Bloomberg Radio New York
"NYSE sippy For the Jewish communal fund Barbara novick investment professional and philanthropist I think JCF has one of the best funds out there It's very reasonable in its pricing It's very flexible in its investments and I give them an a plus for client service A fund may be opened with a $5000 contribution of cash or appreciated securities and can be used as an alternative to a private foundation at any time you may suggest which charities you would like to support and in what amounts choose from the menu of high rated investment options and your charitable fund can earn tax free income It's a very client centric organization They have a very user friendly website and I find they make my life easier Let the Jewish communal fund be your personal connection to charitable giving Open a JCF fund now to lock in this year's tax deduction call two one two 7 5 two 8 two 7 7 two one two 7 5 two 8 two 7 7 or visit JCF NY dot org What is dedication The thing that drives me every day is a dad is very honest We call them day to day for short Every day he's hungry for something whether it's attention affection knowledge and there's this huge responsibility in making sure that when he's no longer under my wing that he's a good person I think the advice I would give is you don't need to know all the answers The craziest thing was believing that your dad knew everything So as a dad you felt like you had to know everything You had to get everything right It's okay to make mistakes As long as it's coming from love then you know it kind of starts to work itself out I want him to be able to.
KGO 810
"investment professional" Discussed on KGO 810
"They're also videos guides and other helpful tools Plus investment professionals 24/7 to answer your questions To see the current top 5 stocks and learn more about the swamp starter kit go to swab dot com slash starter kit Choice is changing the way Americans save for retirement by making it possible to invest in Bitcoin crypto and other alternative assets inside your IRA That's right When you open both a deductible and a Roth IRA with your choice account you can buy real Bitcoin and or any of 22 other digital assets In your choice account you can also buy stocks mutual funds ETFs gold real estate you name it all in a single retirement account There's no hidden fees or account minimums and you get more control over your retirement savings You can also access choice via your financial adviser So if you have a professional managing your money tell your adviser to get set up with choice so they can help you access Bitcoin and other alternative assets in your retirement account Head on over to retire with choice dot com slash Rick That's retire with choice dot com slash Rick You're listening to the truth about your future with Rick Edelman We need to talk about the issue of aging and how it impacts our life and what it means for our life Doctor Lara Carson is.
Bloomberg Radio New York
"investment professional" Discussed on Bloomberg Radio New York
"For the Jewish communal fund Barbara novik investment professional and philanthropist I think JCF has one of the best funds out there It's very reasonable in its pricing It's very flexible in its investments And I give them an a plus for client service A fund may be opened with a $5000 contribution of cash or appreciated securities and can be used as an alternative to a private foundation at any time you may suggest which charities you would like to support and in what amounts Choose from the menu of high rated investment options and your charitable fund can earn text free income It's a very client centric organization They have a very user friendly website and I find they make my life easier Let the Jewish communal fund be your personal connection to charitable giving Open a JCF fund now to lock in this year's tax deduction Call two one two 7 5 two 8 two 7 7 two one two 7 5 two 8 two 7 7 or visit JCF and Y dot org Introducing Bloomberg quick take Our global stories take on tomorrow today Watch live news on the events changing your business and your world and go deeper with original shows on business technology politics and culture Don't settle for a news network built for yesterday For a global view and an informed take Bloomberg quick take Now streaming free on Bloomberg dot com slash quicktake Brought to you by Accenture American Express and AT&T business Market analysis that goes beyond the ordinary Again I learned another function from Matt Miller today Bloomberg markets with poles Winnie and Matt Miller Why is this stock so unload Three days at 10 a.m. eastern on Bloomberg radio Broadcasting live from the Bloomberg interactive broker studio in New York Bloomberg 11 To Washington D.C. Bloomberg 99 one to Boston Bloomberg one O 6 one to San Francisco Bloomberg 9 60 to the country Syria's XM channel one 19 and around the globe the Bloomberg business app and Bloomberg radio dot com This is Bloomberg daybreak 6 30 on Wall Street good morning I'm Nathan Hager And I'm Karen Moscow we're just.
KGO 810
"investment professional" Discussed on KGO 810
"And Google Schwab also offers videos and guides and other helpful tools And investment professionals 24/7 are available to answer their questions If you want to see the current 5 stocks and learn more about the Schwab's starter kit just go to Schwab dot com backslash starter kit I'm proud that Schwab is another sponsor of this radio show and podcast So we have an issue in both directions We need to help younger people get started with investing Good news is it's easier faster cheaper safer than ever before We also need to help older people manage their investments because well they're the ones with almost all the money that there is in this country The spectrum is wide And it's getting wider and it's also skewing older We're very likely to live a whole lot longer than we ever thought 90s age 100 and beyond Why And I think that there was a fundamental assumption a fundamental Understanding that the reason we're living longer is because of all of the advances in medicine and neuroscience Artificial intelligence nanotech big data We even have robots performing surgery these days That's why I'm so pumped about exponential technologies Here's one example a team affiliated with the human brain project have created a new algorithm and added it to a neuromorphic computer chip And it runs a thousand times faster than the human brain In a test it classified 10,000 samples in just one second with 97% accuracy With extremely low energy consumption This is going to lead to faster better computers and it's going to come before we know it These innovations are fundamentally altering every aspect of life on our planet and creating unprecedented new investment opportunities That's why I asked global X ETFs to be a sponsor of this radio show and podcast I want you to be aware of the kinds of investment opportunities that they make available I'm a big fan of global X and I want you to know about them They offer more than 30 ETFs devoted to exponential technologies What they call thematic growth My wife Jean and I own several of their funds I'm convinced that this investment theme belongs in our diversified portfolio Where did we start Well first we considered the options Longevity.
Bloomberg Radio New York
"investment professional" Discussed on Bloomberg Radio New York
"The Jewish communal fund Barbara novik investment professional and philanthropist I think JCF has one of the best funds out there It's very reasonable in its pricing It's very flexible in its investments And I give them an a plus for client service A fund may be opened with a $5000 contribution of cash or appreciated securities and can be used as an alternative to a private foundation at any time you may suggest which charities you would like to support and in what amounts choose from the menu of high rated investment options and your charitable fund can earn text free income It's a very client centric organization They have a very user friendly website and I find they make my life easier Let the Jewish communal fund be your personal connection to charitable giving Open a JCF fund now to lock in this year's tax deduction Call two one two 7 5 two 8 two 7 7 two one two 7 5 two 8 two 7 7 or visit JCF and Y dot org Influential conversations from Bloomberg television Here's Danny burger Joining us now is nazim F and DF CEO of metal invest one of the world's biggest iron ore producers So I do want to first get your call on iron ore What are your expectations for prices in 2022 I think that next year will not show such peaks which we saw as well as this year But still average of I don't know prices will stay on high levels My point is about 100 $120 Are you expecting more pressure when it comes to the environmental impact of your industry For our distribution of carbon footprint and up today the industry has only one response Still industries should reduce the percentage of the share of conventional blast turners converter facilities which is today 70% of total steel production And.
Bloomberg Radio New York
"investment professional" Discussed on Bloomberg Radio New York
"For the Jewish communal fund Barbara novik investment professional and philanthropist I think JCF has one of the best funds out there It's very reasonable in its pricing It's very flexible in its investments And I give them an a plus for client service A fund may be opened with a $5000 contribution of cash or appreciated securities and can be used as an alternative to a private foundation at any time you may suggest which charities you would like to support and in what amounts choose from the menu of high rated investment options and your charitable fund can earn tax free income That's a very client centric organization They have a very user friendly website and I find they make my life easier Let the Jewish communal fund be your personal connection to charitable giving Open a JCF fund now to lock in this year's tax deduction Call two one two 7 5 two 8 two 7 7 two one two 7 5 two 8 two 7 7 or visit JCF and Y dot org This is a Bloomberg money minute Companies are taking a fresh look at becoming employee owned as they try to recruit and retain workers In esop companies or dramatically lower He's up is short for employee stock ownership programs And Corey Rosen founder of the national center for employee ownership says these companies also tend to pay better The reason that that works is that employee ownership companies perform better So they can afford to do this Supermarket chain publics Davy tree expert clif bar King Arthur flour and numerous other lesser known military contractors among.
WBAP 820AM
"investment professional" Discussed on WBAP 820AM
"Not safe to assume that all those investment professionals are exactly the same. Well, why is that, Rick? Well, they're not. Most brokers are paid in upfront commission to sell you a product. That's what they do every day, and unfortunately, you may never really realize what your fees are, or even how those fees affect your performance. Well, I'm gonna tell you about somebody different. Trade in T R A. J A. N Trajan Wealth their fiduciary What's called fee only they're paid incentivized to simply do one thing. Grow your portfolio. Their advisory fee is low. And you know, right up front what it is Trajan Wealth lives by the saying, the more you make, the more they make, And that sounds good to me. I want a financial advisor with some well, there's got skin in the game. Um there has a vested interest, the better I do, the better they do now. First of all, trades in is a full service, privately owned firm with an A plus better business bureau writing and it's not some disembodied voice that's different at the end of a 1 800 number. No, they urge you to come in for a face to face. Get a second opinion. Bring your kids because at some point your financial future Well, it will be their financial future And they're right here local locally conveniently located in Frisco, Texas. That's right. Give him a call. 469579 35 100 trades in wealth T R A J A. N They want to meet you. They want to talk to you. They want to build a relationship and that's what.
KTOK
"investment professional" Discussed on KTOK
"Our special guest is George Ross, who I have been a huge fan of Four years now. George Ross was a star of the Apprentice for the first I Can't remember how many years like it was like 14 seasons. I thought it was just like four or something. My red. That was 14 seasons. No wonder I just fell in love with George. And it's his attitude and his brains and his. You know I'm a gram a straight shooter, and I love something. This doesn't pussyfoot around. He just tells it like it is. I love that about him and his personality and the way he tells the stories because he lived him. It's very interesting. So he's those of you that don't know him. He was a Star of the apprenticed and he was introduced. I got introduced to him through a new relationship. Last year I Wealth management coach So I'm very delighted that he is gonna be with us, and I promise you it will be very entertaining and very educational. So I really hope that everybody goes to chapel in dot com two piece went out. And make sure you get registered. I'm not sure that we've given them the date so we should probably give them the day. Well, Diamond. That's why that's coming up on Wednesday Wednesday, February the 17th. So Wednesday, February 17th, and it's from 3 30 to 5 o'clock in the afternoon. So it's later in the day. So if you're working, just blow off work, you know, or if you're sitting at the office, you know you can do it because it's all virtual online is everything that you do it on your phone. You could be driving in your car and you can listen to it. I've done that before. Exactly you. Can. You know your fear at the house? Whip up your laptop opening up, booted up. There you go. It's a but I having you know, I have to tell you that when I have been getting some people go, Victoria, but this dentist started Victoria. But it's 3 30 in the afternoon, and I said, I'll tell you what if you register You have a legitimate reason like a doctor's excuse, like from your mom telling made the reason you cannot attend live. Will record it and I will send it to you. That's very generous of you. He was so upset Victoria I'm working Wednesday's Why can't you do it on Friday? And I'm go. I'm going Well, Let's just change that for you. Dr. Great. I'll be happy to do that for you, darling. So anyway, I did promise him in because he missed Charles Payne. And he was just so upset about that. Well, that Zaveri Nice offer. So Yeah, Go ahead, get registered. And if for some reason you cannot make it, but you did register. Then. Yeah, but I want to know from your mom. I'm telling you, Okay, anyway, sort of enforcement, But, yeah, it's coming up and you just go to chapel with dot com and you can get enrolled in that, and it's totally free. Absolutely. And you could. Yeah, we're sponsoring it. Chapel. What is sponsoring it? And if you seen Fridays Paper, those of you that live in nickel sales or take the Friday paper. We put an ad in there about it, so there's information there as well. So in if for risk, whatever reason you don't like registered online. All you have to do is call Shelly at four, or 5348090 and nine Okay, So if you're just joining us we have been talking about for a one case. What? What a 41 k an orphaned for a one K is and it is very Means prevalent people. So many people have them. That's why it's an important topic. But before we do that, what I would like Damon get more talking about the forum. One case before we do that, I would like to welcome in and introduce and this is her inaugural radio show. First time with here is our inauguration. Where is the hats? Where's the balloons? And where is the champagne? Damon? Okay, so I'd like to introduce a Miss Amber and Amber is joined the chapel with team back in December. However, she has been with us. Actually, it seems like Yeah, like a long time seems like a long time. But officially, so she's been to Damon's classes. She's gotten her degree she has been. She was with us at a couple of events, so we feel like she's been around a lot longer. Not when I say what we just but it was official December 1st. So her title with Chapel would is You're an associate director of client services, so Number tell us in our audience. What exactly does that mean? The associate director of client services at Chapel it? Yes. Well, first let me say thank you so much for having me today I will silver excited to be here and even more excited to be part of the chapel with team s o. I am the associate director of client services and what That means is that I am doing a lot of behind the scenes work with our lovely Shelly. We know where we love her. We love Shelly. I'm just fulfilling our wonderful clients needs helping her process paperwork, scheduling appointments, helping Damon get ready for appointments, transferring money and announced that very important. We've got to keep the money moving. I don't like it when their checks don't show up on they do not. So, yeah, among the many, many other things just helping Shelly. And, of course, um, helping the rest of the chapel with team. We know that Shelly is really the glue that keeps us all together. Well, you've also started a really cool video series. You're gonna tell us a little bit more about here later on, tell you about that later on. Yes. Well, I'm excited about that, because I'm so proud, but you're also a licensed professional insurance professional. And working towards becoming a license investment professional as well, Um, you know, and what That means, when your license insurance professional.
KTAR 92.3FM
"investment professional" Discussed on KTAR 92.3FM
"Company. And decided to take it and one reason with that. Is I was finally getting tired of the millennial age and I don't hope I don't offend nobody there, but I'm kind of old school. Uh and I took it and Basically got $248,000 service, Jack when I checked, but gross money? Yes, sir. But they also Or paying my health insurance for 18 months hunting set, Okay? After that, and also or providing me $500 a month with 24 months after that. You all set? Oh, help the church coverage. All right, you know, so I re 65. Yes, sir. And I also I've just had a settlement. Several months ago, with no flying off the FT. Buying my house. You could love Highway Road project. Of large sums of money. We'll tell me that you told me everything else. What's the truck? How much 6 $642,300, All right, go ahead and Out of that I had to pay off my mortgage. Yes, sir. You know that all comes end up, You know, calculations. Long story short net monies. Out of that and that money from my servants. I have paid every debt off. I have purchased a new home cash. Good. I don't I don't know anybody a dime. All right. So how much did you have left over? 178 or $79,000 on the ball, brother. All right, I like I like where you're going. What's your question? All right on. My main concern is that I retired to Earl. Okay, all right. Well, what were you making per year at that job that you worked 32 years that About 132,000, okay? All right. So as I look at this, you got about two years worth. Okay of that You took this money. And how much did you have a 401 K with that company at all? Idea how much you got in that 41 K. I took. I removed it all from the company and reinvested it with a financial advisor. How much which was a total between The 41 K and extra money from B. A P was about 3 98. Okay, And I have about 4 20 in it now, which Okay from step. Step that now, all right? No, you did the absolute right thing. You're in everyday millionaire, my friend. You don't owe anybody on your house. You've got 400,000 That's invent invested in your 41 k. You've got 478,000 left over and cash right now. So what I would do is pluck about 30,000 over for an emergency fund. Take that other 440,000. I'm going to get that with an investment professional. So now assets under advisement. And what's being Kate invested is $800,000. You're good to go. You don't owe anybody a dime. Uh, Glenn, no, you You're good. This other thing. You can decide to work. Mauritz. You want to write that mean? You have to go back with that company. You go find a job or do something. He did the right thing. Yeah, he did the right thing. No. One thing you said wrong was that he was offended by some of us. Millennials. Listen to you. You know what I'm saying? We ain't do nothing wrong. We trying to work to listen. Come on. Now, listen you we have I'm happy but what he did, But you can't be blaming us Millennials because we out here working too. Okay, See, you just threw shaded me about my age. Not long ago s o shape, but I'm just saying you can't be coming at us like that plan is Glenn was just trying to be honest, and I'm being honest. Maybe some people flopping around the flip flops one he's got Don't work boots. He's trying to handle business. Glad a man and I'm proud of you. Money. Um And you know you being intentional and being smart. What you do, moving forward can set you up or set.
KTAR 92.3FM
"investment professional" Discussed on KTAR 92.3FM
"You need to do a roll over on And you'll just roll it into the types of mutual funds. We talk about growth, growth and income, aggressive growth and international spread it across those four. Sit down with a smart, Mr Pro and understand what you're doing, but there's no taxes and immediately that money. I'll start working much harder than it is working. Then when you get to baby step forward, you start saving 15% of your income in retirement. You'll either start opening Roth IRAs at that point or you'll be doing. You know the retirement plan it work a 401 K or 403 b or something along those lines. You technically can't add. To a rollover IRA. Okay, so you won't You won't like pick up where that account left off. It's just going to sit there and do its own thing. Okay, okay. Okay, That's that's really No. It's been sitting in there for several years, and you know that they will be coming up. So I'm just doing nothing and you might as well get it doing something, even if it's small amount of money. So every week I feel like I am taking the role of another color on the show. But I just heard something I've never heard before. Explain to me an Irish savings account. It's a bad okay and IRA is not Um An investment. It is the way and investment is treated. Okay, so we suggest inside. It's a coat like a winter coat that wraps around. And investment and keeps it warm from taxes. Okay. Okay. So what is in that coat can be mutual funds, which is what we suggest. Or you can do stupid game stop stocks it could beat. Well, you be difficult to do that. But you actually could be that stupid And I mean, you have to be self directed IRA to get that far, but you can open an IRA at a bank. And what's inside the coat is a simple bank savings account at 1%. Okay. Translation sucks. Right dumb. Well, I mean, it's not. You're not dumb for doing it, but it's a dumb thing to do right because it's obviously is paying. No no money. And so you don't buy. Um you don't get your transmission fixed at the muffler store, okay? So you don't buy investments at the bank. Love it. Okay, all right, Ever because they know how to do one thing. Get you in that actually two things and run your checking account for you. There you go. That's all they know how to do, but that you know so you some banks have investment divisions or departments or whatever, but by and large, They're not good. So you're much better off to go to an investment professional like a smart Mr Pro and sit down and get your transmission fixed at the transmission fixed store. Touch and you don't By the way, you don't go to smart, Mr Pros, too. Do other stuff. We don't go over there to get I don't know. Um, get your cash, but I said, you know, you just don't know how I was part of a stretch The freaking metaphor, but the but don't you know, Use the thing for what it's for. And when you when you start messing that up, that's so another example of that is When insurance people Start doing retirement planning. 100% of the time. That's bad idea because that just Yeah, it's a product for them because here's what happens. They act like they're a financial planner. They act like they're an investment broker in the way they conduct themselves, the vernacular that they used but the actual product that they're selling you is cash value..
The Peter Schiff Show Podcast
Reddit-Fueled Stock Rallies Boost Some Bond Prices
"I'm reading about a lot of these companies now. A like an amc or american airlines that have been selling stock now and raising cash and now they can pay back their bondholders. So some of the creditors in these companies. That might have taken a big haircut in bankruptcy. Now they're getting made hall. Thanks to the red riders. Coming to the rescue now. Maybe these guys didn't realize that in trying to stick to the hedge funds. They were rewarding some other big players that they didn't intend to reward but there are going to be a lot of winners in this short squeeze but the big losers are going to be the shorts that were forced to cover but those are the big hedge funds. And those guys you know. I don't feel sorry for them. I mean that's par for the course. I mean there's nothing is risk-free right. You get short. A short squeeze is always a risk. You know maybe this one came out of left field you know. It wasn't exactly what they expected. But then again you know you gotta expect the unexpected. I mean that's that's life right. Some things happen. Murphy's law right anything they can go. Wrong will go wrong. This went wrong. So they're gonna lose some money to people who unfortunately are gonna end up losing a lot of money. The most money are these small investors who are buying into these stocks that these inflated prices. Because it's not just a short covering that's driving the market up. It's a lot of these small guys in these chatrooms wall street beth's who are buying this stock and they are enabling everybody else to sell including probably some of the other sophisticated people that got in on organizing to pump that were probably disguising themselves as little investors looking to get revenge on the big hedge funds they were probably sowing the seeds of this rally and they news a pump and dump and they were dumping after. The pump approved to be successful. Now we'll see if robin hood. The company ends up being a casualty here or ends up. Somehow being a beneficiary mean a lot of people obviously are quite upset at robinhood for shutting down trading in stocks. Now actually you know a lot of people may have been done a favor by robin hood. I maybe that wasn't the motivation. But to the extent that people were prevented from overpaying for stocks that probably saved them from a lot of losses so it probably was a blessing in disguise. But again what people have to remember about robin hood is that the customer is not the retail guy with an account. Because those guys you're trading for free so you have to realize when when you're getting something for nothing there's a catch. There's no free lunch. Robin hood is a business. It's not a charity. They have to make money. And if they're letting you trade for free will then how are they keeping the light side. How are they paying the bills. What's in it for them. Well what's in it for them. Is they take those orders. to hedge funds that derive value from them. What's the value. Well they get to take the other side of the trade. They get to sell what you're buying and make a profit. Plus they also get the information they probably like to know what's being bought what the retailers are buying so they can figure out how to sell it to meditate inflated price and how to make a profit so they're the real customers real customers are these hedge funds that may have put pressure on robin hood to not put through these orders or an a minimum. They just refuse to buy them anymore. Hey we don't want those orders we're not gonna buy your orders to buy game stop. Well then how are they gonna make money. They just can't keep trading for free and then having to pay and lose money on every trade and i have a feeling that they lost a lot of money during this this whole situation so did to basically stop the bleeding. They had imposed these trading limits but to the extent that all this information comes out Then that may really damage their reputation and their brand you know they're raising more and more money they were hoping for an eventual ipo. I would imagine that this would at minimum put that on hold for quite some time but of course what it is doing is in building these regulators to think how we need more regulation. We need to get involved. We need more government. When as i explained in my last couple of podcasts that is the last thing we need is because of all the government that so many small investors have no professional help and are therefore more vulnerable to be taken in by this and the solution is not even more government dissolution is to recognize the damage that government has already done and start rolling back all those rules and regulations that make it so expensive for legitimate investment professionals to work with small investors. Take away all those rules and regulations and allow these guys to get some help so that they can bill the much better portfolio and will not be so vulnerable to these type of internet schemes. But of course the government will never recognize themselves as the problem when they only see themselves as the solution and the more they try to solve the problems the more they compound them and make them
Bloomberg Radio New York
"investment professional" Discussed on Bloomberg Radio New York
"Yorkers who want to give back We can custom build a charitable fund that inch Some bonds last a lifetime. Some bonds inspire confidence and some you grow to rely on these air the bonds worth investing in For nearly 50 years, Pimco has reinvented fixed income to create opportunities for investors in every market environment. So no matter what happens, you can build the bonds that mean the most to you, Pimco Ah, Global Leader and Active fixed income Learn more Pimco. Com slash bonds All investments contain risk and may lose value. Consult your investment professional before investing. Mrs Bloomberg Daybreak Asia. It's a quarter past the hour time for a check of sports from around the world. Here's Dan Schwartzman. Thanks, Dad. As a January transfer window officially comes to an end in soccer. Tottenham's deli Ali will not be heading to Patty Saint. A man has a 24 year old had hoped. Spurs Chairman Daniel Levy would not allow leave ahead to Paris for union with former manager Mauricio Patino. Meanwhile, Liverpool making moves as a Redd's abroad in two defenders, then daisies from Preston North End for £2 Million and Shock is ozone car back on alone deal for 2.5 million The option to buy United States Youth International Brian Reynolds becomes the latest American to join a major European club as a 19 year old heads to Roman alone zero the option of making it a permanent move for €6.75 million.5 million more and add ons. Reynolds is also a target of the event is who wanted the FC Dallas product joined fellow American Western McKenney in Turin. Josep Maria Barton you Barcelona's former president has denied being the source of Lena Messi's lease contract. The Spanish newspaper El Mondo Mart amused tender a cam No ended with his resignation in October. Former president and messy, ending their relationship on bad terms with the 33 old star, publicly accusing Barton you're flying Boston Red Sox second baseman Dustin Pedroia, announcing his retirement after 15 seasons. 37 Year old is named 2007, American League Rookie of the Year. One the Ale N. V. P Award in 2000 and eight, also winning three World Series rings and being named and all Start a Gold Glove winner four times. Pedroia ends his career in the lifetime batting average of 2 99. On Dan Schwartzman. That's your Bloomberg World Sports Update. Markets headlines and breaking news 24 hours a day at Bloomberg, calm the Bloomberg business APP and and Bloomberg Quick Take. This is a Bloomberg business Flash. Right now we've got a rally in.
WRKO AM680
"investment professional" Discussed on WRKO AM680
"Even if you can't sell it, because most of time if someone passes away that business might not be worth that much Appel Insurance Advisors here. Newman is not worth a lot right now without me being here. So you know it Zaki thing, And if they have partners, you know it's time to really think about maybe life and disability insurance to protect each other for that partnership, if you and I miss, you were partners and we had a $2 million business. You know, I'd want to ensure each of us for a million dollars, because if something were to happen to you, you know all of sudden your husband's going to step in. And be like David, I want you know, I got misty is 50% share. I'm now your new partner and I want to be your husband. No, No. Here's a million dollars. I'm gonna buy Misty's 50% of her value. So now I own 100% of the business. I get a 50% step up in basis for that million dollars in the business, and now I can figure out what to do with it, And I don't have to be partners with someone out with my partners. Yeah. No, I think that's really important things to think about. You know, when you're a small business owner? Yeah, I agree. And I do I you know I mentioned before that, you know, I grew up. My parents were self employed. And my father. Yeah, he was the business. However, I think that now I think I'm so grateful that he's lived a long life much longer than his father who passed it 59. My father's no 75. But those like there was no life insurance. So I do wonder even though situation wasn't wonderful for certain, you know, points when the biz This was slow. What if it wasn't there at all? I can't really imagine, you know, So I think having to deal with the grief of losing a partner stress in the business. I do think that that is one of those things that you just want to maybe square away early on and then just know it's in place now And in today's day and age, you know, and especially with some of the new guidelines that are in place, even Carlene alcove it. It's so easy, and we've been operating since March, you know Pretty fluidly and Almost everything right now we're doing online with online applications. Depending on when people have gone to their doctors or had exams. Then I'm getting exams wave so people don't even have to have nurses come to their house necessarily all the time. I mean, with their streamlined, it's not. I wouldn't say it's easier to get insurance right now. But the process has gotten a little bit more streamlined, and that part of it's got a little bit easier in regards to kind of getting it done. So it's something that people are thinking about it. They should really now is not a bad time toe do it. That's good to know. I think when you're thinking about doing anything you are bringing on another expense. Or even even thinking about something like your life and your Your disability. I think it is. Sometimes our brain will come up with certain reasons why we shouldn't do it right now. And usually, you know, someone would have to come to my house, right have to go to the doctor. So if it's not entirely impossible or inconvenient, then now might be a really good time to do it, especially if you're healthy and your home or you're still working, depending on age, depending on the face amount. The amount of death benefit we're applying for. You know, they companies are wavy exams. I mean, typically, you have to have some sort of blood work in the past, 18. Months from the time of application, whether that was pre cove it or you know, or people are going back to their doctors now post Kobe But if that's there, and there's there's doctors records that are accessible, which typically they are, you know, we can we can I work to try to get as many exams wages. I can't. I mean, I still have had multiple clients get examined with With nurses and P P gear and you know the only stand next to you to get blood drawn and that kind of stuff, But you know, we again we make it a streamlining the simple as possible. Do you think that with coverted that there'll be some changes? I know there's been some people that have had Kobe that have been completely asymptomatic. Do you think that that's something and I know there's been talk like Is that going to be something that different life insurance carriers take differently as far as being a pre existing condition, or is it really going to depend on the case? Or is it too early to know? Yeah, no, they're still working out. I mean, right now, I have actually have underwritten somebody who already for new life insurance that had Kobe. It s O it, Z. It's definitely there again. It's like anything else. It's you know what happened to these people where they symptomatic? Were they on a ventilator where they where they What kind of medications where they're given? Um you know what's there other history? Besides Kobe from a private insurance standpoint? Cove. It is really a blip on the radar. From a mortality standpoint from a life insurance carriers perspective just because of obviously everything else that people have from it, You know, so life insurance has not become more expensive or more difficult because of covert. I mean, listen right now, if you're older You know they're putting you and if you're rated and you're not that healthy, some of those cases were getting put on the shelf. You know when carriers aren't going to quite look at them quite yet, But it's not really affecting where it's affecting us. More From the life insurance standpoint, it's just the low interest rate environment. We've been in which you know that as an investment professional, you know and the carriers, the insurers can earn the money that they were earning. Right prior to Coben, and it's been a low interest rate environment for a while, so some of the products are becoming more expensive. Just feels they can invest conservatively like they have in earning money, So that's what we're seeing Some changes of the the product marketplace, Okay, that's definitely good to know that it is. You know, it is the grand scheme of things. There are still a lot of other factors involved. I had one. My last question is actually something that I saw in a Facebook group that I was in today. I was like, I think on the pellet on Mom Gruber, someone somewhere like that that wasn't financially related at all on day were asking about life insurance. Somebody had said that they've seen their you know, they've seen some relatives be, you know, have lots of expenses when it came to, you know, Long term care facility They wanted to protect themselves. They were in their late thirties, thinking about this. For somebody, You know, I'm curious, because long term care is something that I haven't necessarily always seen work out well for people. It seems to be one of the ones that the premiums go up and someone might be might be the first one that they let lapse if they can't take it anymore, and they haven't needed it. What are your thoughts on long term care for people like when should they consider looking at it? And also are there other ways to secure that? Without that, you know the rising premiums and maybe that little on surety that comes with those Standalone policies. That's listen, So I've been doing this since college since 1992 and I've been doing long term care planning since that point, so I've been doing it a lot. My entire career and I have to say, actually have had more claims on long term care insurance and help clients get benefits on that more than I have on life and disability insurance to date. I'm a big believer in long term care, and I've seen it in action. Like I said, more than I've seen anything else on do you know, and I've always you know, but I've also you know, in my history that had like we said over 65 claims for long term care. I've yet to have a client last longer than three years long term care claim. And they find that goes from my philosophy that I've always had, where I've always believed in what I call a shorter, fatter policy has been longer skinnier policies. I'd rather see a bigger benefit for a shorter period of time that a longer benefit for a longer period of time. But yes, the business has changed a lot in our long term care planning. Over the last five years, 5 to 6 years has changed a bunch. We have gotten away from a lot of the traditional long term care insurance planning that you talk that you were talking about where you know premiums weren't fixed. They were taking out a person's a person certain age with a certain benefit and over time because they were miss price to begin with, which is a whole another segment. We could do that companies have come back like you said in every premiums on people now what I'm doing. And whether people are in their thirties forties fifties is when we're looking at their overall life insurance picture..
Newsradio 600 KOGO
"investment professional" Discussed on Newsradio 600 KOGO
"No obligation then and again. We've done this literally thousands of times for people. We call this The exhale moment when people Leave our office and we have done this for him because it's oh, that's how all this is gonna work. I'm gonna be okay. Wow. All right. We'll feel good. So I've built this organization and we built it to where there is no cost. There's no obligation. We will spend up to two visits with anybody that comes in from the radio. So we love that you listen to us. I'm always honored when people say that you listen to me on the radio, and we want to pay it forward. There's no cost. There's no obligation. Whatever your questions are whatever seems overwhelming. I can promise it doesn't mean we automatically take something that's broken and fix it right. We don't have a magic wand, but I can promise you in the thousands of people to come through this literally. Everybody says they feel better. Most people have a lot of solutions that they were craving. They didn't have until they came into us. So for all of that, all you gotta do is give us a call. That's 885647878 once again aided 85647878 talking today with Brad White. He is with Epstein and White Retirement income solutions and the author of the Step by Step Guide on how to Retire, Right. I'm Generate Zach alongside that number again, 888564. 78 78 as we're talking about today, overthinking can get the best of us analysis. Paralysis really is a thing. And I think there are just so many options that people have Brad. So many big decisions. They're weighing as they get close to retirement. You can see why it happens. An example of this is Find a bat to retire, and I'm wondering about paying off my home talk a little bit about Brad. How you might help someone make a determination if it makes sense to pay off your home or or not. Yeah, we kind of touched on this. I'm glad you asked. So I do have to pause and say this real quickly again. If you're very, very skilled. If you love your own spreadsheets and mapping things out, and you do your own taxes, right? I'm probably not necessarily speaking to you here, although I still have honestly taught a lot of people that fit that description. This concept so Bear with me. If you're out there, and this is all overwhelming for you, which is kind of theme of what we just talked about. I can't stress enough that a professional on actual planner How much good we can do in scenarios like this. So please, please, Please don't do it blindly. I can't tell you how many mistakes have seen for people, and it's not. You shouldn't feel embarrassed that you can do this on your own. That's why we have a profession. I can't do your profession. So this is kind of the no embarrassment zone. You know, people generating a lot of times kind of feel like I'm dumb or I feel like I should know this or I don't know anything about my finances. You know what? That's a bigger question of our society, and we don't get taught any of this stuff in school anywhere. If you take another profession, How are you ever gonna learn any of this stuff in your life, even at a basic level, let alone and a complex one and again, That's literally why I exist. That's all I've done. My entire life has solved these kind of problems. So I want to stress the difference between working with an investment professional or a vanguard or fidelity. These are great companies. Did go ahead and ask any of these companies. A Schwab, a vanguard of Fidelity asked any of them what you should do about your taxes or if he should pay off your mortgage. See what happens. It's not their fault. That's not what they're in business for, so I don't want you to confuse the difference between a retirement Plan or somebody specializes in this kind of stuff, versus like I kind of deal with investments over here or accounts. It's very different. Give us a call. Test that out. I assure you, you'll see the difference. Or any qualified retirement planning. For that matter. No one comes this constant pain off your home. There's some miss numbers here, and that's why I like this question so much. There's two things that happened right now. One is interest rates are really, really low, right. So people are like, Well, I've got a 30 year mortgage at 3.75%, you know? Why would I want to pay that off? I can earn more over here. And the other thing is, people get caught up a lot on Jen, Speaking of paralysis by analysis over analyzing the tax situation here. Well, I get a tax deduction on this interest. So what? I will hurt my taxes if I pay it off. Believe it or not, And again, I will happily prove this to a lot of you if you pay off your mortgage You might save yourself taxes and retirement. You might save yourself taxes. How is that possible? Yeah. First of foremost, the mortgage interest deduction is something called an itemized deduction. If you're a married couple of specially you get something like 25,000. What's called the standard deduction, which means even if you have no mortgage, no property tax if you have nothing else in your life, everybody under this new tax law as a married couple gets 25,000 of deduction, which means for a lot of people. If you have mortgage interest in you, none of that coverage 25,000. It means your mortgage interest literally means nothing to you. You weren't even getting Deductibility of the mortgage. It's not like it's a bad thing You're not getting, you know, you know you're not getting the bad end of the stick here. It's just how the tax code works. And people don't realize that that would be a perfect example. Jen of Well, I read an article somewhere or I'm so focused on this potential tax deduction. I don't wanna pay off my home. You know what? That's paralysis by analysis that is too at his overthinking it. We're just frankly kind of thinking an article or somewhere applies to you and it may not your own situation. Everybody situation is different. We felt thousands of San Diego ins. We literally eat, sleep. Live, Breathe Retirement plane. That's it. If you're approaching retirement, or you already have, I don't care if it's income planning how to put this whole complicated thing together. If it's something specific, like taxes, sold securities or your mortgage Or anything else. Whatever your questions are, there is no cost. No obligation. We are happy to answer them. And then we love that Exhale moment where you leave this and Ugo gonna be okay, so our numbers 8885647878 Once again 885647878. You've been listening to retire right with Epstein and White. Remember that number Brad just shared 888564 78 78 Be sure to tune in again next week for more insights.
Newsradio 600 KOGO
"investment professional" Discussed on Newsradio 600 KOGO
"No obligation. One of two things is gonna happen. And again. We've done this literally thousands of times for people. We call this The exhale moment when people Leave our office and we have done this for him because it's oh, that's how all this is gonna work. I'm gonna be okay. Wow. All right. We'll feel good. And I'm not gonna lie to you. Throughout this process. It's not always fantastic news. Sometimes we tell people they're not on track are there behind, but If you are behind and you find out five years or 10 years before retirement, there's typically just things that are tweaks. It's not an overhaul or a seismic despair of your life. It's just typically we make some adjustments. We kind of set a track and then you could do something about it. You don't want to be the ostrich approach that just says I don't want to find out the bad news and then it's too late. So paralysis. You know, we do the analysis, right? We do the analysis that you don't have the paralysis, right? Maybe there's a way that I would say that that's all we do. And everybody situation is different. So you can't get Paralyzed by trying to read a million articles of what to do with your Social Security. I can tell you how For some of you, it's better to take it early. And for some of us better the way I can tell you for some people, you have a huge huge tax risk of taxes rise in this country and all of your eye raising your forum case, But there's something you could do about it right now. It's just a little bit different for everybody will show you exactly to do that. My clients. Say what if I don't want to be a burden on my kids? What do I do about that? I am thinking about moving out of state. How should we do that? I mean, these air really overwhelming things. What do I do about medical insurance of our entire before? 65. We've got all those answers, so I've built this organization and we built it to where there is no cost. There's no obligation. We will spend up to two visits with anybody that comes in from the radio. So we love that. You listen to us. I'm always honored when people say that you listen to me on the radio, and we want to pay it forward. There's no cost. There's no obligation. Whatever your questions are whatever seems overwhelming. I can promise it doesn't mean we automatically take something that's broken and fix it right. We don't have a magic wand, but I can promise you in the thousands of people to come through this literally. Everybody says they feel better. Most people have a lot of solutions that they were craving. They didn't have until they came into us. So for all of that, all you gotta do is give us a call. That's 8856478 70 once again aided 85647878 talking today with Brad White. He is with Epstein and White Retirement income solutions and the author of the Step by Step Guide on how to Retire, Right. I'm generous Zach Alongside that number again, 888564. 78 78 as we're talking about today, overthinking can get the best of us analysis. Paralysis really is a thing. And I think there are just so many options that people have Brad. So many big decisions. They're weighing as they get close to retirement. You can see why it happens. An example of this is Find a bat to retire, and I'm wondering about paying off my home talk a little bit about Brad. How you might help someone make a determination if it makes sense to pay off your home or or not. Yeah, we kind of touched on this. I'm glad you asked. So I do have to pause and say this real quickly again. If you're very, very skilled. If you love your own spreadsheets and mapping things out, and you do your own taxes, right? I'm probably not necessarily speaking to you here, although I still have honestly taught a lot of people that fit that description. This concept so Bear with me. But if you're out there, and this is all overwhelming for you, which is kind of theme of what we just talked about. I can't stress enough that a professional on actual planner How much good we can do in scenarios like this. So please, please, Please don't do it blindly. I can't tell you how many mistakes have seen for people, and it's not. You shouldn't feel embarrassed that you can't do this on your own. That's why we have a profession. I can't do your profession. So this is kind of the no embarrassments own people, Jen, I think a lot of times kind of feel like I'm dumb or I feel like I should know this or I don't know anything about my finances. You know what? That's a bigger question of our society, and we don't get taught any of this stuff in school anywhere. If you take another profession, How are you ever gonna learn any of this stuff in your life, even at a basic level, let alone and a complex one and again, That's literally why I exist. That's all I've done. My entire life has solved these kind of problems. So I want to stress the difference between working with an investment professional or a vanguard or fidelity. These are great companies. Did go ahead and ask any of these companies. A Schwab, a vanguard of Fidelity asked any of them what you should do about your taxes or if he should pay off your mortgage. See what happens. It's not their fault. That's not what they're in business for, so I don't want you to confuse the difference between a retirement Plan or somebody specializes in this kind of stuff, versus like I kind of deal with investments over here or accounts. It's very different. Give us a call. Test that out. I assure you, you'll see the difference. Or any qualified retirement plan, or for that matter?.
KTAR 92.3FM
"investment professional" Discussed on KTAR 92.3FM
"Ramsey Show. Hi, Dave and Chris first I'd like to say I really enjoyed your life presentation last night. Oh, thank you and E want to give you a little background about myself? I'm never gave millionaire my wife and I should say, way to go way. Just kind of level of conservative life. We don't want the best for content with what we have. We drives two small cars when we've could afford up big issue. The Just we're just concerned people. So we've been able to save you know that's good And my question. My question isn't right now. I'm retired a year ago. And I've got money in a traditional iris. And in the rocks I rage. To the tune of about $500,000 for each one. Now I know the M V is coming up when I'm 71 raining on 65. But it makes sense that Oh, Convert the traditional toe loss or just stay with what I have. Obviously, if you converted, you have extra cash to convert it to pay the taxes with No. Yeah, probably have $400,000 on top of what I have here, okay? And just miscellaneous guys. So obviously, if you if you roll 500 into a Roth, it's all becomes taxable. And so you're going to create your you're gonna create taxes of 100. 150 something like that out of that. And, um If you want to do that, And then that that does away with your own MD issue, because my guess is part of what's bothering you is you don't need any of this money. You wanna let it roll? So, basically, I'm hoping to, uh, pass it. None of my Children. And that might be unless nothing to do that offensive. Ross agreed, agreed to just search just search to think of us the taxes on that, but the math of work out this way. You will recoup. At about the 10 year mark. And so if you're not that 500 that's in the traditional. If we say all right today, we roll it 10 years from today, you'll be glad you did prior to that. Uh, you won't be. You would have been rather you'd have been better off to have left it in there and pay the taxes on the growth that continued growth and pay taxes on whatever you have to draw down on our M D as you pull it out, And so that, um You know that if your guys if you guys are in good health, I'm probably rolling it. But because basically that extra tax money you pay has the same exact effect that mathematically is having invested that If you don't reduce the 500 by the tax and you allow the whole 500 to stay in the Roth, it has the same effect of putting another 150 into a Roth or whatever your tax bill is. Mm. Have you calculated the tax bill? Well, not really, but I think we're probably in the 20% 25% range. Okay, so there's 101 100, then is what we're talking about. And you know what could happen is you might it might cause bracket creep. If you do it all in one year, you may want to straddle a calendar year. They won't do some measure something someone 22 to keep, you know, Get your tax guy and run tax person and run some calculations on when you move it, But overall, If you guys are healthy, I'm moving it. No, that's good. And Paul mot this I love the fact that you have this legacy mindset. You wanna pass them on to your kids, But I want you and your wife to enjoy it like I want you guys to go Do some stuff. Take some trips. Get you an RV, right? You know, I mean, I want you to start to live and enjoy this because you all have been very intentional. You've worked very hard to reach every day Millionaire status. Congratulations. Your hard work and diligence and consistency paid off. Well done. Very, very well done. You sound like with house, depending with houses away $2 million network so easy so well, that's pretty incredible. And, um, you know, it's not your nature to be frivolous with money. That's not what Chris is suggesting. Uh, but you did work. You know, you did live like no one else. So now you should live. And give like no one else. Give portion is part of your legacy that you're planning with the kids and all of that, But I don't want you to, uh, you know, each stale tuna fishing day old bread, So the kids get $4 more No to me. I think that's ridiculous. S so it's important. But, yeah, definitely talked to attacks professional on Dave, the thought of being able to straddled over the year and spread it out. That's very wise. A zealous your investment professional, so you could know exactly where you are The timing and what to do. On also real quick as we talk so much about smart, Mr Pro Jewel I really and truly want you to make sure you get connected with one today. If you're not in these times, with all the stuff that's going on. It is imperative that you have someone that you can reach out to to just have a conversation. About their thoughts on what's going on or what could happen. You don't have to speculate. You don't have to listen to the talking heads on on on TV news. You can talk to a pro and I really want you to know they're not going to judge you. They're there to help you. So definitely reach out. Go to Dave Ramsey dot com..
The Business of Esports
Why VanEck Got Into Esports ETFs
"What was the genesis of vanak deciding. They wanted to get into gaming sports right. Like when you're doing a million other kind of sectors sectors like how did that come about and twenty eighteen. You know when. We're when we're thinking about an i'm speaking from my corporate hat. You know where you're thinking about how we're gonna watch on what's focus on. There's so many different things you can do so many opportunities out there right so and dematic. Ets are really hot right now. So demand etf is when you busy are not arbitrarily what you come up with. The new games are a great investment idea or Healthcare whatever it is. This is a good idea. So we're going to build an index around so there's a lot of market research that goes into what's out there now like i mentioned there was one other huge job right now. We know what we want back in eighteen. That's not really that crowded so zone. In other areas there might be seventy eight yes right. So how many other guys are playing this story. what's the competition. And then maybe there's five or ten five or six s out there and they're not really bringing in a lot of money right so you could be like a spivey jobs out there. They had their big mama five years ago. Nothing's happening to them right now for the game was just like right place right time. There was an energy. I don't know if you recall back and so we really started getting going. I would say mid year end at second quarter. Two thousand and eighteen or night creates right. Now that's basinger. Espn dot com people. Being like wait a minute. This guy's a millionaire playing video games so when you see something happening like that as organic energy that's just kind of in the ecosystem and how two thousand eighteen once for video you just. It's just a business know. It's a combination of great great timing perfect Factors that are going on. Where's the energy going. And he just kind of turned right away. That that's how i would see it. I mean i suppose to think about right that major appearing on tv right like ends up creating a financial financial products like way over here read lack. The effect of his stardom in that in that year and sort of his rise had all these other sort of add on consequences that we don't even think about a hundred percent. And i think it goes a lot to the peter listening advanced than what you know right. So when you have people who are investment professionals and people who are investing. Let's say thirty five to sixty right so they have kids right so you have and their kids spending all the money a fortnight watching twitch watch union all so it's where their kids are talking about it now it's on the front page of the wall street journal on espn dot com. So it's like what's going on here and it kinda kinda gives people off. So that's what i mean. When i said over the last few years we've gone from people being like what's going on here to be like okay. This is this is real sock going away in. We're we categorize it as kind of a long term structural perot's industry his. There's a lot going on. You've got strong revenue growth as you know you got crazy userbase growth and i think what a lot of people don't understand it is not just twelve year olds fifteen-year-olds plan with her parents credit cards. He's a thirty five year olds. Who had jobs and make connor thousand dollars a year and they spend a lot of money only And you guys know that. I think a lot of people don't so that there's that it's it's been really long. Don't don me all my wife any of this j patient in the same boat too. I be a grandma again. Don't don't let her steve. My cosmetic digital item spent firmly hidden in this family. A song on cad. How much i had already know. Honey valve is
Clark Howard Show
Robinhood disastrous account hacking
"I want to tell you. That We've had so much interest in Robin Hood. The APP for your iphone or Android that allows an individual to buy and sell stocks very easily free of commission Robin Hood. Really was a game changer. For the, investing world. And forced singlehandedly. By the sheer number of people that signed up for Robin Hood accounts in the millions. Forced the traditional discount stockbrokerage industry to follow it two zero trading costs. But along the way, Robin Hood has had significant growing pains. and. Is Right, now embroiled. In a customer, no service disaster. A, very large number the numbers known at this point. Of robinhood customers. have had their accounts looted. Criminals have figured out. How to get into people's accounts. Change Information and run off with all the people's money. Now, that's the first part of this. The second part is that even somebody who's constantly on their Robin Hood App. May See Trades taking place that they didn't want and things like that. And you can't call and talk to anybody at Robin Hood. There are media reports in the financial press and in the general media. About the incredible frustration of people who've seen the money. was in the Robin Hood Accounts Vanish and Robin Hood shrugs their shoulders. In the latest announcement from Robin Hood. Basically said not their problem. The issue is not in their systems the company put out a statement. and. Then they said quote, we're actively working with those impacted to secure their accounts. But? That is such a non-answer answer. Robin Hood is going to have to grow up. and part of growing up. Is People need to be able to reach a human when there's a problem people frantically. Trying to save their money when they saw things started going crazy. And we're unable to get any help from robinhood what so ever So. I'm going to repeat advice. I've given about Robin Hood for a while. and. That is Robin. Hood is a good platform for you. If, you're going to do micro trading. If, you're learning how? The mechanics of investing work. But until Robin Hood grows up. It is not a good platform for you if you're going to have substantial money invested in the market and at risk. I've talked before about the risk to you as an investor. Engaging in some of the more dangerous investing things like options trading. That are really only for hyper experienced. Investment professionals but has been a big thing going on on the Robin. Hood Platform and lead people to remarkably large losses. And? Robin. Hood now has a briefing for people telling him to be careful with that but the reality is Robin Hood has grown so fast. That its founders who did an amazing thing by founding this platform. Have not recognized the responsibility that comes with this platform. So, having smaller accounts. With Robin Hood Okay. But until robinhood gets. Its customer no service, platform working. It is a dangerous thing for you. If you have substantial money if you do have substantial money on the Robin Hood Platform I, encourage you to open a brokerage account with one of the discount brokers also offers free trading. And Migrate Most of your money so that you have much less at risk. Until Robin Hood Fixes this Robin, hoods, response has been tone deaf And it's been passed ugly for people who've seen their accounts wiped out.
New Yorker Radio Hour
Alibaba billionaire buying Brooklyn Nets for record U.S. pro sports price
"The Brooklyn nets have a new owner Joseph side he is the co founder of the Chinese economists giant Alibaba he announced he's buying the nets for a record two point three five billion dollars as the highest price ever paid for a professional sports team Newsday reporter Jim bomb back says sports teams are increasingly lucrative investment professional sports teams are on a trajectory well off any other industry is like if you would do that hi charges going up and up and up and up and up sign already owns forty nine percent of the nets and will buy the remaining fifty one
