5 Burst results for "John Conley"
"john conlee" Discussed on WBZ NewsRadio 1030
"To just don't lose the money. Com Welcome to just don't lose the money with Sam Lang, John Conlee and Ryan Marston for more than two decades. Rabin Oh and Lang wealth Partners and just don't lose the money radio have been broadcasting here in Boston with a focus on helping you prepare for retirement. Always following their guiding principles. Rule number one. Just don't lose the money and rule number two. Don't forget about rule number one now just don't lose the money. Hello again. Welcome to the weekend. Hope you're having a great one. This is just don't lose the money, The radio show and podcast with the team at Rabin Oh, and laying wealth partners in each week. We bring in one of the guys to get their unique perspective on you know what people are coming in for? What are they asking? And when it comes to your retirement and your money and the markets and what is it that people are concerned about? And we try to fold all that into the show? And the guy who's going to help us out today is John Conlee. John, How are you doing today? I'm doing great, Randy. How are you? I'm good. It has been another interesting week with the market. It seems like we just go back and forth with the same 102 100 points and nobody gets too shook. If it goes up a little bit or goes down a little bit. It's just kind of static right now, isn't it? Yes, I think people are a little bit more numb to the will say the volatility or the swings that we've seen The market nowadays. A two or 300 point swing doesn't seem like that big of a deal anymore from percentage point, I guess it really isn't that big a deal anymore. We used to say, you know, 500 points. Oh, my gosh. But it's not that way anymore, is it? No. People are looking at things in a much more different light nowadays since the covid pandemic and Making sure we have a well diversified, balanced portfolios key in these times, So we look at the things that could affect the market. And I mean, just recently, the Fed made their announcement that they'll probably taper, but they're not going to do it. Now that you know if they move interest rates up a little bit, the market could get a little shook. But he was very, very cautious on that, and we look at the government spending and we look at covid all these different things. So we wonder if the market can continue to go up. Michael Yoshikami is saying that these are things that will probably keep the market in Czech investors need to get not too enthusiastic here. You're going to hear perhaps more talk about tapering and I think you're going to see the interest structure Bill likely pass as well as some other tax increases that will actually filter through the economy, not just for individuals but potentially for companies. So With Delta raising his head. I would not get too excited about these all time highs. I don't think it really is an all clear signal. So he seems to say that you know the news isn't affecting the market a lot, But the news is probably keeping the market from going forward. What do you think of all of that? I agree with them where it's not an all go here. But overall, I do feel like the economy is as well positioned to continue to recover from the pandemic lockdowns even with these new variants, Then in strains in the covid that are out there, but we are seeing inflation risk as well as challenges in productivity. And people still unemployed, that choosing not to go back to work. So to say, so, that's eating that productivity which is having issues with inflation, So we're seeing that And then you know during this recent time of volatility, it does serve as a great reminder why it's important to remain committed to a long term plans. We want to make sure that you have a plan in place, but you want to make sure you understand the risk tolerance and so forth there even though we are poised for a good recovery. We have to be optimistic. Lee cautious at the same time, you can check the news and see that it goes up or goes down and you can hear things about the economy and you can hear things in the news. But what does it actually come down to? It comes down to you. That's your money in that Dow. That's your money in those retirement accounts, and that's what you're going to retire on. So there was a really interesting and kind of fun article in Market Watch, and it asked this question. What is your freak out factor? I thought that was great. So, Market Watch says there's a point Where everybody as the market goes into a fall. They say, That's it. They panicked. They sell out and they say, Get me out. I can't lose any more. And you have to kind of figure out what that point is. They even give a profile for the panic seller. They said. The person is usually above the age of 45. They're married rather than single. They're self employed. And men tend to freak out more than women, which I thought was kind of interesting. So, John, do you sit down? I mean, you talked about risk levels. Do you sit down and talk about people? And their freak out factor where that is and how do you keep them from getting to the freak out factor? Exactly. We go over pretty thorough risk tolerance questionnaire with our clients to get an understanding of what their tolerances or how they look at different swings in the market to get an understanding. What is that risk tiresome when we look at risk tolerance that's going to determine How aggressive or how conservative one is going to be in the market, so I'll use like a moderate investor as an example, a moderate investor should be able to withstand a bottle 15% loss in the market before they freak out. Okay, so obviously you don't want to get to a 15% loss. But you'll take certain steps along the way. So what I've often seen as investors who often freak out there wait too long to get back into the market, and that causes them to miss out on significant profits when the market's rebound. And when we look at those individuals, oftentimes those are the individuals who freak out often don't have a financial plan in place. So or they don't really understand what their risk tolerance. So if you're freaking out in the Marcus down, I'll just use an example seven a half percent and you're a moderate investing enough freaking out, then you might be in the wrong risk. You might have to lower your risk to send this more palatable to your feelings, so we always would have to constantly reevaluate your thought on risk. So to say so, for the person who freaks out that might be two things to me the way you're explaining it here is number one. They don't know really where they are with their portfolio. They're freaking out because boy, if the market goes down, I'm afraid how much I'm going to lose. Well, they just don't have any idea how much they're going to lose..
"john conlee" Discussed on WBZ NewsRadio 1030
"Radio show and podcast where each week we bring in one of the wealth partners from Rabin Oh, and Lang well partner, Sam Wang, John Conlee, Ryan Marston, and they give us their unique perspective of what people are asking about why they're coming in how they're getting help with their retirement. And with their investments in sitting around talking about how we deal with markets and things like that. And today, Sam Lang is with us. Hi, Sam. How are you today? Hey, you're stuck with me today. I would say that. That's exactly what we do is sit around. We talk. We talk about fun things, you know life in general, but also how to really. Prepare a maximize for those retirement days that you're supposed to enjoy right? Exactly right. And when we talk about enjoying ourselves the last time you and I talked, I just got back from a bucket list event. I went to go to Pebble Beach and got to play golf, which is something I've always wanted to do. I've never been a person to make that bucket list and then I got to do that, and I saw it. You know there's something to this bucket list thing, because I just can't stop thinking about it. And you just got back from Hawaii, which is, I'll bet on a lot of people's bucket list. How is that Hawaii was fantastic. You know what I got to tell you? This is the second time I've been to Hawaii. And Hawaii is a fantastic, you know, beautiful, gorgeous place, But being in the East Coast, you know, it's a long way to go to see the beach. Yeah, I mean, I I had a different reason for going. My daughter in January of last year. You know, when Covid really sort of kicked in January this year, when Cobra really kicked in, she said, You know what? That you know. She lost the job. She was an education. And Dad and, mom. I saved some money. Um, move in Hawaii. Are you kidding? Wow. No, she has. She said. You know what? She actually went out there with no roommate. No car, no job. And she said, I'll come back when I run out of money, and a few months later, my son actually got an opportunity to go out there. She was going to go lead a sales team in Asia at some point, and he needed to be trained on West Coast time. So he said to his company sent me to Hawaii. And he ends up hiring my daughter as his assistant. Uh huh. So they've been out there for a solid, you know, 89 months and we had no choice but to go visit them, But it was a fantastic trip. We got to unplug and just Stare at the ocean. Sit on the beach, and I literally could have gone out there with a backpack has that's we didn't do anything. It was great man. That's great. What a place to do it and, you know, these are the kind of things that when people come into the office, you know they've got their dreams. They know what they want to do. I've always my wife and I would love to go to Hawaii. I'd love to do that. You know, there's a certain a few things that I can think of that I want to do in this country is such a beautiful place to see and so many things to see. We Everybody goes well, let's go to Europe. Well, why not see this country? I mean, there's a lot to see. You know, we have clients that retired and they say, You know what this is all going to do. We're going to rent one of those winter bagels and we're going to travel across the country. We're not not going to have any agenda. We're going to stop it, Zion. We're going to stop it. The Grand Canyon. We're going to Take our time and absorb and really just enjoy the fruits of our labor and You know, I got to tell you. The bucket list is a great thing to have, you know, pulling the plug and making sure you do. It is really more important. I think a lot of times we see people. And they might have hired us, You know, 567 years ago, and we have reviews. And they say, you know, I wish I could do this. I wish I could do that. And then you look at their portfolio. Look at the money they have in the bank, and it's been growing and you say to them, like, Listen, you can't take it with you, You know? Yeah, waiting for the ended, So I think, sometimes really In our space and our job. What we do for our clients in our counsel and advice. Sometimes you have to coach people on how to spend money as crazy as that sounds great, But you know if you have a bucket list than you can afford it, and that's the purpose of having an adviser in a relationship for them to say. Hey, you know what? Yeah, absolutely should do it or you might want to hold off and doing that, right. The second Is to, you know, just really just have an understanding of if you can spend it or not spending, you know, I I want my financial professional to be able to look at me across the table and say You said you wanted to go on a cruise. I don't want you to come back here until you went on the cruise because you've got the money to do it. Well, Speaking of cruises, we have a client. God rest her soul. She passed away about 34 years ago. Single lady didn't make a ton of money. She you know, she made strong, You know, maybe 80 80 $90,000 a year, but she had No spouse. No kids. Sort of, you know. Really? No. No worries. No. You know, huge appetite for spending other than she loved cruises. Mhm. And when she hired me, she just recently, Tashi was in the sixties and I said, Oh, you know you love cruises. Great. I've been on like one. How many have you been on? She says. Well, 70 tools crazy number really? And and her niece who was her executor called I no idea who she was and say, you know, I'm so and so my My aunt is so and so and she passed away. And guess where she passed away on a cruise to cruise. Oh, my God. So, so she did everything she wanted to because I think in her mind set was you know what? You know I'm here for me, and I don't believe anything behind anybody saw misspent at all. And I think that's really I don't want to say it's a good mindset, but I think sometimes people need a little coaching. And you know, he saved up his money. What's the purpose of this money? And people have always, you know the older generation? I guess that, you know, saving for a rainy day. It's like on their minds and well, it almost seems like it never rains, and they never spend the money. Yeah, but really having Having money. Designated for different purposes. You know this this part of money or this portfolio. This account is designed to pay the bills. This bucket of money is designed for, you know, growth to hedge inflation. In case I lived 110..
"john conlee" Discussed on WBZ NewsRadio 1030
"Battening down the hatches as tropical Storm Elsa approaches Florida Governor Ron to Santa's has declared a state of emergency in 15 counties, including Miami Dade. John Conlee C is a hurricane specialist with the National Hurricane Center and says all eyes where will be on where else across his Cuba looks like it will emerge north of Cuba during the day on Monday. And then moved generally northwestward or northward near the west coast of Florida and that it will be very close to the West Coast of Florida. Well closest Keys first Monday night. And then close to the west coast of Florida during the day on Tuesday and Tuesday night. Working on digging out the collapse. Condo building in Surfside, Florida will be halted because of the storm. They are preparing to demolish what's remaining of the building structure as soon as today, up next at 3 30, learning more about the suspects in the armed standoff on 95 yesterday in Wakefield, We've got the latest details. Here's David Snell with needs heating and air. Some years ago, I met with the family in Northern Virginia who needed to replace their H V. A C system when we had narrowed down the right Lennox system for their home, Mr looked at Mrs and asked What what should we do? Mrs. Smiled, looked at me and said, Well, he did pass the blue test. I replied, Okay, I'm thrilled with asked. But what's the blue test? Mrs replied. Our dog. Blue is the best judge of character We've ever come to know. And he hasn't left her side since you came in our home. If you're good enough for blue, you're good enough for us. When can we get this done? This interaction truly change my mindset on what people wanted.
"john conlee" Discussed on WBZ NewsRadio 1030
"Oakland yesterday for victims. Alvey No one is from the Asian Pacific Environmental Network. We need to get on the streets and we need to protect and defend and that Z appreciated. And way also need to recognize the hurt and pain that we're feeling. Authorities recording 18 crimes against Asian Americans around Oakland's Chinatown in just the past two weeks. North reading. Woman injured in a snowmobile crash yesterday in Pelham, New Hampshire, 60 year old Michelle's Sable found on the ground by first responders taken to Lowell General Hospital with Serious but not life threatening injuries. Investigators believe the crash was likely caused by operator error. Ah, former FBI agents serving a 40 year prison sentence for alerting mobster Whitey Bulger that he could be implicated in a mob murder wants to be released from prison on medical grounds. John Conlee will ask the Florida Commission on Offender Review Wednesday. To release him. Huntley's lawyer, telling The Boston Herald. His 80 year old client has melanoma and diabetes. Conley was convicted back in 2008. Of second degree murder after a mob hit man killed world highlight President John Callahan in Fort Lauderdale trial evidence showed Conley tipped off Bulger. The Callahan was about to implicate the gang in another killing. 6 37 to Wall Street. Now business with Bloomberg, the alcohol industry may be able to emerge from the pandemic without much of a hangover. It's universal human behavior to come together in a bar in the restaurant and share a beer together in CEO Delph Vanden break. We're very confident and if the industry does escape unscathed, it's partly because people are Knocking back more at home these days and also because of a massive shift to online sales in the $120 billion US alcohol industry. Even Uber is getting in on the action with its $1.1 billion purchase of Alcohol delivery service. Drizzly and justly co founder and CEO Corey Rolla says online sales will overflow after the pandemic from the current 4% should be in 10 15 and soon to be 20% online industry in the coming five years. The lot of room for consumer behavior to change analyst U. S R says the U. S will overtake CHINA to BECOME the largest alcohol e commerce market in the world by the end of this year. I'm Denise Pellegrini. Bloomberg Business Son WBZ. Boston's NewsRadio Coming up, It's 6 45 coronavirus cases in America. Trending down. There are all kinds of voice controlled gadgets in your house. Tell one of them to play WBC news radio on my heart radio and see what happens. Liberty Mutual.
Imprisoned ex-FBI agent who worked with Boston mobster Bulger seeks release
"40 year prison sentence for alerting mobster Whitey Bulger that he could be implicated in a mob murder wants to be released from prison on medical grounds. John Conlee will ask the Florida Commission on Offender Review Wednesday. To release him. Huntley's lawyer, telling The Boston Herald. His 80 year old client has melanoma and diabetes. Conley was convicted back in 2008. Of second degree murder after a mob hit man killed world highlight President John Callahan in Fort Lauderdale trial evidence showed Conley tipped off Bulger. The Callahan was about to implicate the gang in another killing. 6