36 Burst results for "Schwab"
Fresh update on "schwab" discussed on Animal Spirits Podcast
"And of course, Ben Hunt was all over this and that's something that's more based on corporate governance than NCO paid than it is on the stock market. Obviously. Yes but that was pretty lousy. So Matlin all over this in an article as well. Again, forgive me I'm GonNa read this paragraph if people are buying stocks irrationally without any concern for economic fundamentals than someone else some cold blooded rational investors should take the other side of that trade selling the overpriced stocks and arbitrage, and then back to reality a specifically annoying feature of the modern and market is that that mechanism seems broken down. The surges of retail enthusiasm are so fast and sharpen overwhelming and often focus on such small stocks that nobody wants to take the. Risk of the other side of them. So you see bankrupt stock Soren, equivalent investments trading wildly different prices, professionals who shake their heads while prices for we are tiny companies but on foolish enough to short them, stock markets are supposed to be smarter than any one person they're supposed to aggregate everyone else's view about the economic future and to built in mechanisms to reward well-thought-out economic views and ignore silly whimsical non-economic views now though they often just aggregate people's incoherent views about what is fun and where is the fun and that quote So, this is the thing about the some of these these people have decided. I'M NOT GONNA play the Wall Street game and try to go these huge companies we're going to try to play in a smaller. than. It actually makes sense. Don't you think that's what I think speculators are a little smarter today that doesn't mean they're not gonNA crush I think there are a little smarter than they were in the past. I. Think not to be rude. But I, think maybe that's true but I think giving them too much credit. This is on the back of this working very very well, things are all going I'd be curious to see what happened to Kodak Kodak's getting crushed now. The full story has not been ready yet, and by the way I don't know that these people are ever going away. That's a thing. If sports is weird for a while and we have like stops and starts if the major league baseball postpones inserts again, an NFL has weeks on and off maybe people say you know what maybe Vegas backs off and doesn't are the sports betting these people to stay day traders for a long time in eventually there's going to be people left behind they've gotta be having so much fun right now. But don't you think I'm making number of ten or fifteen percent of people are getting in at the right time of the wave and getting out before it gets hurt and then everyone else probably gets a little too late and stays a little too long and gets hurt. But there are certain amount of people who are getting in at the right time in these things no doubt. There's gotta be massive winners that are playing the game and not being greedy not be greeted to sell shares double overnight but eventually you realize luck does not last reverend. The market and eventually you have to have some sort of process other than just chasing the lights whatever the flashing light. So eventually, I you have to have something and hopefully people realize that eventually that just speculating all day long is not the way to make it and I mean I don't know once you get this feeling what's the next dopamine hit? Obviously people already got into crypto before do they go into forex markets eventually, stocks are going to come to boring because this stuff is going to go away what is the next for these people? All for certain people and by the way when we're talking about this, these are generalizations. Please understand that we're not talking to you. If you're listening, you're offended these are over generalizations. It's very hard to talk about groups of people and say these people this these people yes. Certain people are going to take it too far for certain people that dopamine of this will wear off. So yeah, you're right for certain people not all yet that's just natural human behavior. But yet when people say everyone when you're talking about markets, you can never talk about everyone because they're always competing goals in time horizons and risk profiles and amounts of money and resources. So it's always different in the other. Side of this, this is from vanguard. They had a piece put out last week talking about it was called cash panicker coronavirus market volatility. They looked at people in their self directed investors. So they're just retail people have a brokerage account or the defined contribution plans. They said less than point, five percent of all vanguard investors panicked and traded to an all cash portfolio and the people who did were in their mid fifties and been done for twelve more years. But tiny tiny on people panicked, which maybe they just weren't given enough time but it's odd to have on the one hand the Robin Hood people speculating going nuts and on the other hand, the vanguard people sitting there doing nothing. Is this what's making it so much harder for. Active professional managers is that there's no middle ground anymore you have the people who are just going crazy for the spectacle stuff on one hand in a longer term people on the other hand in the middle. It's Kinda like wealth inequality where there's no middle class anymore there's no middle class of investors who are making enough minor mistakes that professional can take advantage of I don't buy that and working on theory. Shoot it down I, think that the middle is the people that have self directed accounts at fidelity and Schwab and Ameritrade, and there's trillions of dollars there I think that what's making a hard for managers to keep up is very simple. It's the five big stocks and boy do I empathize I really feel for large-cap active managers that are trying to keep up and it's like, what are you supposed to do?.
The pandemic has been especially hard on Black-owned businesses
"For the last several months we've been watching the pandemic hit. Black businesses particularly hard and a new report from the New York. Federal. Reserve confirms that and look into the reasons why as marketplace's Kristen Schwab reports a lot of it comes down to relationships with banks getting that first round of P, P P funding was running a
Where things stand on the extra $600 in unemployment benefits that ended Friday
"To report it was more talk. But no action again. Today in Washington has roughly 30 million people began to face their economic futures without an additional $600 a week in federal unemployment benefits. Until and unless Congress hammers out a deal for more pandemic relief. Most jobless people will have to rely on state unemployment insurance and his marketplaces, Kristen Schwab explains when it comes to state benefits. Geography Just maybe destiny. If you're unemployed in Mississippi, your life could start to feel a lot different than if you were unemployed. In Massachusetts, the maximum benefit in Mississippi is around $230 a week. In Massachusetts. It's over $800 the gap isn't just about cost of living. The big difference is the philosophy is unemployment, something that supports the labor market, or is it a business costs to be minimized? Chris O'Leary is with the Upjohn Institute for Employment Research. There is no federal standard for unemployment benefits, so states create their own rules around who qualifies how much they get. And for how long. Michelle ever more is with the National Employment Law Project, you know, in some states like Florida and North Carolina, only about 10% of people who are unemployed or even able to get a benefit that impacts people's access to food and shelter. During a pandemic that also dramatically increases their risk of getting sick because of monetary concerns. They have to take an unsafe job, and that's gonna actually spread the virus and slow the recovery even further. She says black and Latino workers may suffer most because states with the smallest benefits have the biggest minority populations. And Sylvia Allegretto, labor economist at UC Berkeley, says differences it benefits can have direct effects on the state's economic health. Unemployment benefits have a Really important effect of propping up the greater economy. Well, that extra $600 meant a lot to workers who lost their jobs. It also meant a lot to all the businesses, relying on people who were spending it. I'm Christine
Unemployment benefits vary wildly in this country
"I'm sorry to report. It was more talk but no action again today in Washington has roughly thirty million began to face their economic futures out an additional six hundred dollars a week in federal unemployment benefits until and unless Congress, Hammer out a deal for more pandemic relief most jobless people will have to rely on state unemployment insurance and as marketplace's Kristen Schwab explains when it comes to state benefits geography just maybe destiny. If. You're unemployed in Mississippi. Your Life could start to feel a lot different than if you were unemployed in Massachusetts, the maximum benefit in Mississippi is around two hundred and thirty dollars a week in Massachusetts. It's over eight hundred dollars and the gap isn't just about cost of living big differences. The philosophy is unemployment something that supports labor market or is it a business cost be minimized? Chris leary with the Upjohn Institute for Employment Research. There is no federal standard for unemployment benefits. So states create their own rules around who qualifies how much they. Get and for how long Michelle Evermore is with the national employment. Law Project in some states like Florida north. Carolina. Only about ten percent of people who are unemployed or even able to get a benefit that impacts people's access to food and shelter during pandemic. It also dramatically increases their risk of getting sick because of monetary concerns they have to take an unsafe job and that's GonNa actually spread the virus in slow the recovery even further she says black and Latino workers may suffer most because with the smallest benefits have the biggest minority populations. And Sylvia Grow Labor economist at UC Berkley says differences it benefits can have direct effects on a states. Economic Health unemployment benefits have A. Really, important affect of propping up the greater economy well, that extra six hundred dollars meant a lot to workers who lost their jobs. It also meant a lot to all the businesses relying on people who were spending it.
Where Things Stand on the Extra $600 in Unemployment Benefits That Ended Friday
"Sorry to report it was more talk. But no action again today in Washington, as roughly 30 million people began to face their economic futures without an additional $600 a week in federal unemployment benefits. Until and unless Congress hammers out a deal for more pandemic relief. Most jobless people will have to rely on state unemployment insurance and his marketplaces, Kristen Schwab explains when it comes to state benefits. Geography Just maybe destiny. If you're unemployed in Mississippi, your life could start to feel a lot different than if you were unemployed. In Massachusetts, the maximum benefit in Mississippi is around $230 a week. In Massachusetts. It's over $800 the gap isn't just about cost of living. The big difference is the philosophy is unemployment, something that supports The labor market, or is it a business costs to be minimized? Chris O'Leary is with the Upjohn Institute for Employment Research. There is no federal standard for unemployment benefits, so states create their own rules around who qualifies how much they get. And for how long? Michelle ever more is with the National Employment Law Project, you know, in some states like Florida and North Carolina, only about 10% of people who are unemployed or even able to get a benefit that impacts people's access to food and shelter. During a pandemic that also dramatically increases their risk of getting sick because of monetary concerns. They have to take an unsafe job, and that's going to actually spread the virus and slow the recovery even further. Jesus. Black and Latino workers may suffer most because states with the smallest benefits have the biggest minority populations. And Sylvia Allegretto, labor economist at UC Berkeley, says differences it benefits can have direct effects on a state's economic health. Unemployment benefits have a Really important effect of propping up the greater economy. While that extra $600 meant a lot to workers who lost their jobs, it also meant a lot to all the businesses, relying on people who were spending it. I'm Christine Schwab for marketplace.
Survey reveals financial impact of coronavirus among Washington, DC-area residents
"An online survey taken in January and again this June shows how D C area residents have been affected fine. Actually by the Corona virus pandemic, According to the Charles Schwab 2020 modern wealth survey of saving spending and investing, 57% of Americans say they are a close family member have been financially impacted by covert 19 that percentage of D C residents is 59%. The survey also found some silver linings When it comes to financial behaviors, 47% of area residents surveyed say they're more likely to be saving Maurin general compared to before the pandemic outbreak. 39% of DC area. Residents also report that their relationships drive their overall happiness more than twice as much as money. Sandy coz l w t o P
Colonial spectators in bushes and temporary tents off course
"The PGA Tories back Xander sharply made a twelve foot birdie putt on the last hole for a sixty six in a one shot lead at the Charles Schwab challenge among those one shot behind where Jordan Spieth's Justin Thomas and reigning US open champ Gary woodland that sets up what should be a great Sunday at colonial with no spectators allowed on the course but there have been unofficial spectators watching sneaking their way in there weren't even tickets for colonial members but some of them had obstructed views from one of the three temporary party ten same grandstand set up in the yards of nearby homes the cheers from there could be heard at the far end of the
"schwab" Discussed on No Laying Up
"Let's get to the Charles Schwab Challenge I. This feels like a major. Honestly it does. It's the fourth major. Explain that explain the mathematics that go into this. There's British open this year. Correct because they had pandemic insurance. Yeah, which is Sweet Wimbledon and planning ahead? So then all right? So that's that's. One of the four majors out five. There's no. John Deere, classic that's what I'm saying this year, so the fifth major is out to the five or GonNa be the third major. There was no players which you know. It's what you know masters. US, open Charles Schwab Challenge. He PGA. Yeah, what how I would do it, but it's wild at the PG. As the first major I hadn't fully thought it through tells working on some schedule stuff. Last night I was like Whoa. The first big major of the year is going to be the PGA Championship. Assuming everything goes off as plan I I just I'd given such pause to pro golf and I've. I've been very skeptical of it. Coming back that I just felt like when they released the schedule in mid April that this was optimistic, and now it kind of it kind of feels right. Keep moving the PGA up the calendar I think we've had such a big chunk of time with no majors that it was easy to get very cynical. We had a lot of a lot of filler. Events is what it felt like. Like and it feels we finally got a big one I was excited for the players to feel the same way that we can the players when it was like all right, let's quit messing around. Let's let's get back to some some real big boy golf here and and it feels like we got that this week. I will raise my hand and said I am the most casual golf in sitting here at the table and I. I am a so I woke up this morning. I was like man. I am excited to watch golf TC was. I want you active on on the social media? Getting word I'm man I'm going to get warm. I'm going to get all jacked up. I'm excited about this weekend. You could tell it's been a while since the Gulf has been on TV. And that we are excited, we've forgotten what watching pro golf on TV. Not even doing it. When you woke up yesterday morning. You're like man. This has the potential reviewed train records. That he said. Great Feeder Yeah, exactly. I forget I look at my exact words, but I basically said fantastic golf course favours many styles. Insane field, which will get into in a minute, the potential that it could be a complete trainwreck wreck TV that's always know, and the weirdness of no fans is going to be like it's going to be. Like any tournament we've ever watched. That it will be I I didn't fully understand a realized the dial back. The TV operations until I learned that Faldo is not even going to be on site here. They're going to be piping him in remote so Nancy. Palo Noises Nancy I. Think this was golf. Digest forget where I read this. But NANCE is going to be a tower on near ten, not necessarily even on eighteen I don't know exactly why and foul does not going to be there. I don't know how that works for skype connection if it's like, they should put Nance in the goodyear blimp. Just have them above the course. That would probably not be socially. T is right by the clubhouse. Yeah, right so he is going to be will be by the or by the Korean I don't know I. Don't remember exactly where he's GonNa. BE I. Don't know why that is. Close to eighteen green where it is. Yeah, maybe can see both the point is. It's GonNa, look a little different on TV this week. A little bit more more dial back. listen I'm in. Yeah I'm stupid reason of getting. Of the Dow, let's do it. They're going to be. Signing to help with Like bleacher, so that guys can hit it off the bleachers richer. Yeah, but our signs put some science to protect saying. You're still Charles Schwab sauce to get there. You know mean that's why they sponsor tournament to get their name out there right like all these sponsors. The bleachers are basically big billboards, so it'll be interesting to see if they just fence it in. For no reason, and if a player's leverage that and do they get temporary immovable object really think that's GonNa be fascinating. Turn for that is going to be Detroit, because those the grandstanding invitation. Yeah, exactly whereas I think this one is more is basically like slam ball. Those really tight. Bouncing balls off everywhere. I think that's what I'm most. Ever slave oh, yes. ACL's at those trampolines. Seven of the top ten excited. Let's do it twenty. One of the top thirty thirty seven of the top fifty there. There's no cat, but easily. The best feel that the Charles Schwab challenge is ever had, and this tournament goes back I. Mean I don't know how you measure that in like the the forties. Justin rated a very objective measurement. World rankings started in Nineteen eighty-six. They've never even had the top two in the field at the same time and this year. They have the top five. So that's that's what. I'd love to see like the cat. You play this event a few times. Once. He played once a member. It was cat, and then Sergio's Sergio won that year or playing well that year, but Sergio's hitting these look like he could barely get it over the front of the T..
Dallas - PGA Tour ready for restart at Fort Worth
"Golf is back this week as the PGA tour holds the Charles Schwab challenge in fort worth Texas the first tournament since mid March Sander shop please try to keep the normal routine you know when I first came back I just I played most of the courses in San Diego you want a lot of practice you can only play and I think that may have been a blessing in disguise so my first you know two weeks of golf coming back with zero practice and all the way I feel like beneficial for means of sitting around unable to play in sort of honestly you know turn pressure to complain capital on the call today
McIlroy delivers winner as live golf returns to TV
"Up car racing up the only live sport today though not a PGA tour sanctioned event there was golf on television WWJ sports anchor Chris flaw was watching has this report a big step in the return of live PGA tour golf S. for pros raise more than three million dollars for covert nineteen relief at Seminole golf club in Florida worry McElroy winning one point one million of it on the closest to the pin tie breaker after eighteen holes he and Dustin Johnson bank over two million dollars while Rickie Fowler and Matt wolf earned over one point six other than the great because the event also an indication of how tour events can be held safely with social distancing designating bunker rakers and flag holders and other precautions the next tournament officially on the schedule is the Charles Schwab challenge in fort worth Texas on June eighth Detroit's rocket mortgage classic is set to be the fourth event back in the first week of July at Detroit golf
PGA Tour plans testing and social distancing measures at Travelers Championship, other events upon its June return
"The PGA tour sent out safety guidelines for their tour events set to begin in June including the testing of players the tour is likely to administer just one covert nineteen test per person during a tournament week with pre screening and daily temperature checks also part of the procedure the tour schedule is set to begin June eleventh at the Charles Schwab challenge in fort worth
From testing to prize money, the biggest takeaways from the PGA Tour's plans for a return
"Perry the PGA tour has outlined a health plan for its return that includes testing players for the coronavirus both at home and when they arrive at tournaments one cove it nineteen test per player during tournament week the tour's chief of operations says they won't play if it's not safe for everyone involved and if testing takes away from resources in the host city there will be no fans no programs a key personnel will have to answer health questionnaires now have their temperatures taken every day the tour says if a player tests positive he will have to withdraw the tour is set to begin June eleventh at the Charles Schwab challenge in fort worth
Charles Schwab to allow purchase of fractional shares in S&P 500 companies
"Charles Schwab continues to shake up the brokerage business the San Francisco based firm says it's going to start allowing investing in fractional shares the move allowing investors to buy into companies with high stock valuations like Amazon and Google without having to buy a whole share Amazon shares are currently about twenty three hundred dollars Google above thirteen hundred Schwab stock slices will allow clients to own any S. and P. five hundred stock for as little as five dollars with investors able to buy a single stocks lace or up to ten different slices at once and without having to pay a commission as swab started the zero commission trend
PGA tour announces mid-June return in Texas
"Golf as the PGA tour announced yesterday that it hopes to be back in action by June the PGA once the plate fourteen more vents are for the twenty nineteen to twenty twenty season starting with the Oct Charles Schwab classic at the colonial club in fort worth Texas on June eleventh through the fourteenth and end up with the tour championship at east lake in Atlanta September fourth through seven that will end and then we'll get the twenty twenty twenty twenty twenty twenty one season started with the U. S. open the Ryder Cup and the masters who has a lot to squeeze in you know when you're talking about September fourth the seventh now we know the masters is set their target date as the same weekend as is Tennessee Georgia right early part of November okay obviously the U. S. open Ryder Cup that's all going to be figured out PGA championship that will happen before the R. tour championship at east lake so that's covered we know that the British open is canceled so they're not rescheduling that so really the idea would be you'll get a one major before the tour championship and then you'll start to pick up you know a couple of majors at the end of this year and then get back into a normal schedule where you'll play the masters in November you're playing again in April you'll play the U. S. open I don't know when I mean I don't I don't think they have any idea about when the U. S. open is trying to to get back on board let's say it's sometime in October maybe let's say let's just for crafting it'll say sometime in October that will push the U. S. open you know to what when they don't play that made it June or something like that may or what have you have you know that that that usually I you know they've they've convinced all these majors now because they try to squeeze a man to make sure that they're in a reasonable time frame with the PGA within the a tour championship at the end of the quarter quote season if you at least for the golf season for all of it so the and the pastor who is the PGA tour chief tournaments and come our competitions officer and senior vice president and chief of operations tattered dentist discuss the tourist plans for the rest of twenty twenty in a teleconference with the media yesterday so they would say with a hundred percent certain that there will resume less than two months from now but he said tour officials are quote unquote very confident that we'll be able to play that second week in June our first and foremost concern throughout the resumption of the PGA tour schedule will be the safety and well being of everyone connected to and not just the PGA tour but those communities where we play we will play only when we are certain that is safe responsible to do that we aren't these the same monitoring very closely all the developments at the local city state and federal level and given that we're a global organization with members all over the world will also play very close attention to what's happening outside the borders of the
PGA Tour Announces Revised Schedule Beginning June 8th, With Events Closed To Fans
"The PGA tour returning in June with no fans the first event on the revamped schedule Charles Schwab challenge on June eleventh followed by the RBC heritage travelers championship the rocket mortgage classic no spectators to be allowed at any of
"schwab" Discussed on Mindfulness Mode
"Things because we'll never be able to prepare for everything and it was book was written in two thousand five but it was so timely today right because I didn't have cue all figured out when I figured out my my quarterly and yearly plan March was a definite surprise but just showing up and being present. Can you share an APP? Which can help with mindfulness to me. is it I believe it's focus that background music. I play that a lot To me I've got voices and ideas in my head going. Every which way and what I have found is that when I play that in the background It helps me. Focus helps me. Stay on one thing and the other thing too. Is that when I set the alarm or the timer on it? I'm always amazed If I tell myself I'm going to do this for thirty minutes. I'm amazed how fast thirty minutes goes or I'm going to be of myself ninety minutes to get this done It's amazing the projects liking on that. Okay well that's that's really awesome Tell me what your donkeys taught you about mindfulness. Oh that is a great question. Donkeys are Most people think they're stubborn animals. They're not who just very inquisitive and they won't be bullied into anything whereas you can. You can put a halter on a horse and pull it into something a donkey all just fight you so often. It's introducing them to something and letting them learn it and wants to get comfortable with it Then they'll do do anything there so I think they're response of being inquisitive about things that they always want to look at things. Get to know them before they make a judgement. Is this writer. It's wrong you know. A Horse will run away on a field and you'll ever catch it. A donkey will run ten feet. Turn around and look at you again because it's trying to figure everything out so From the donkeys that point at teaches me a little bit of patience right. You can't force them into doing anything and that they just want to learn things They WanNa make sure that they they know them. And so I tried to do the same thing when I see see information. I don't say this is good or this is bad but it's this interesting. And how can I learn more about it well? I think it's cool that you have donkey's because I know they're they're quite an interesting animal. That's for sure. Do you have any other animals We have a The two miniature donkeys. We have a dog and we have a barn cat I always call it a barn cat even though it hasn't seen outside and over five years The first time it got cold in Michigan The girls who were still living at home at the time said Oh. Can't we just can't we just let it in for this Cold Day? Well once this cat had seen the inside You could leave the door open. It's not going out. Oh is that right yeah? Is that right cool well? Tom has been so much fun. Getting together. And talking about the benefits of podcasting and I'm just honored to have you as a as a guest here in the show Bruce. I am thrilled to be here. Love the show and the only way that this could have been better if we could have been together in real life but I I pray that that is coming soon and You know if there's anything I can do to help anyone. Please just go to interview valet dot com for slash mindfulness mode and up with the free book there There's a assessment on whether or not podcast interview marketing work for you and I'll put all my social media there so you don't have to try to figure out which time Schwab and Kalamazoo is this. Thanks so much Tom. Talk to you again soon. Bye Now. Banks Bruce thanks so much for joining us today on mindfulness mode for show notes for every episode checkout Mindfulness Mode Dot Com and type the guest's name or the episode number into the search bar. You can also go mindfulness mode dot com slash. Whatever.
PGA Tour to return in June with no fans at first four events
"The PGA tour announced the schedule for its events the first will begin June eleventh with Charles Schwab challenge in fort worth Texas in the first four events will not have fans in attendance
Little League World Series is in doubt
"The little PGA league tour like laid everything out an ambitious else plan has Thursday been stopped to resume the its program season the is second over two week and of a June half million and keep kids fans away with over for sixty at least five a month hundred programs conceding in that eighty any four return countries to golf depends on The whether Little it League can be World played Series safely runs amid the for corona ten days virus beginning outbreak August twentieth the Charles in Schwab Williamsport challenger Pennsylvania colonial in if fort the worth series Texas is was canceled pushed back it to would June not eleventh only break through the fourteenth hearts of the kids assuming golf it would gets crush the green the economy light from government Williamsport and health officials and surrounding the communities tour then would have an with official the loss tournament of revenue every week at over through December thirty million six dollars except for a thanksgiving the little league break has yet offers to set the first a date port for to announce a decision plans for on a the restart tournament last week I can the PJ make you so announced that three majors including the masters in November would go off later in the year I'm Josh Rowntree
PGA Tour hopes to resume in June at Colonial with no fans
"The PGA tour laid out an ambitious plan Thursday to resume its season the second week of June and keep fans away for at least a month conceding that any return to golf depends on whether it can be played safely amid the corona virus outbreak the Charles Schwab challenger colonial in fort worth Texas was pushed back to June eleventh through fourteenth assuming golf gets the green light from government and health officials the tour then would have an official tournament every week through December six except for a thanksgiving break offers the first port to announce plans for a restart last week the PJ announced that three majors including the masters in November would go off later in the year I'm Josh Rowntree
PGA Tour Announces Revised Schedule Beginning June 8th, With Events Closed To Fans
"The PGA tour released a revised schedule this morning they hope to resume their season with the Charles Schwab challenging for words June eleven to fourteen they would then play every week into September at least the first four events which also includes stops in South Carolina Connecticut Michigan it would be played without
PGA Tour plans to resume play in mid-June with no spectators
"As expected the PGA tour announced today a date for play to resume the tour will pick up in mid June and fort worth with the Charles Schwab challenge other tournaments have been moved the first four events will be played without spectators they will monitor the situation
"schwab" Discussed on MarketFoolery
"Welcome to market flooring I'm matt grew and I am joined in studio by Motley for analysts. Aaron Bush and Emily Flipping how are we doing this Thursday arrays decent okay. Well I'm GonNa try to upgrade to like slightly above. It's been a good day. That's okay. Now that's okay. You're of your morning expectations. We have fools giving launched around the corner so we have kind of our annual Thanksgiving lunch. That were very very excited about and and we're also excited about some some some news of the day we've got pay pal buying honey. Four billion no not honey food. We're going to talk about it but yeah tape house biggest acquisition ever. We'll get to that and we're GONNA talk about macy's macy's not doing well. I'm selling off on earnings and we're GONNA talk speaking of not doing well. Aaron Gul's Gaming Service you as one of our resident gamers you're excited about Gul's gaming service right stadia. It's one of the a dumpster fires. We'll be talking about today. Okay okay so not as excited. Okay well we will get to that. We will get to that but let's begin with the big deal of the day Fox business. This news reporting that Charles Schwab is buying td Ameritrade for twenty six billion dollars td Ameritrade shares up around eighteen percent at the time of our taping Schwab up around eight percent so interesting that both companies are up. Emily Flippin. Let's talk about what the deal means for investors for consumers and for the competition well for investors. This is a big deal in the sense that both Schwab an td ameritrade are the largest publicly traded companies brokers and the business some of the biggest competitors earlier this year we saw Schwab slash their fees to nothing which sent td Ameritrade stock down. I think it's like twenty thirty percent in a single day it was really substantial So the idea that there's acquisition in the space isn't completely unsurprising. Because the fact that fees have gotten so low this now feels feels like it's a game about scale as it is as opposed to just monetize users better. You need more users because you're making a lot less money off of them. It's going to be interesting to see what this means. For their competitors some of the biggest ones being brokers fidelity obviously robinhood has kind of been on the out and out since earlier in October. But now this is just putting additional pressure awesome the the larger brokers that maybe won't have the scale that Swab and td Ameritrade will have and you just mentioned the competition and Robin Hood. Robin Hood Special Sauce was their free trade. All right and as you mentioned emily a month ago both Schwab and then. Td Ameritrade announced they were eliminating commissions for most online trade. So where does that leave Robin Hood. Where does this leave Robin Hood? Robin hoods as a special sauce was more than just it's free trade. That's how it got. Its Start for sure. And that's what made it such a compelling platform but I think they also have a a little bit of an advantage in their ease of access. Their interface is much sleeker than that that you get otherwise it's simplistic you're not getting. A lot of the research is other brokers but you do get a nice app you bitcoin trading and their recently spreading internationally as well so spreading to the UK. I think that this does have a material impact on their business. It's clearly it's it's as Aaron showed me maybe a month ago. It's way too easy to move your assets from Robin Hood So I have moved mine from Robin Hood into my Fidelity Account the little that I had there. You're so it's a it's a really low switching cost business and unfortunately that's going to hurt Robin Hood. Yeah it's clear. I think this is about more than just fees going to zero. So if if you look at Schwab's business When they announced that fees are going to zero that's only going to impact about three to four percent of their revenue because they make most of of their money from Net interest margins like interest on assets that are being held by lots of consumers they make money from their their registered investment investment advisor. Ria Business so in some ways this is really competing more with like a black rock than like a a Robin Hood But TD Ameritrade the they also make money in some other areas but maybe a quarter of their business or so comes from the transaction fees and so they got hit hard for a reason So I think what we're seeing is Schwab being smart in their timing announcing fees going zero which weakens competitors switch less than by you know still one of the strongest players for a lower price and even with you know what they're rumored to be paying right now that's still is about where the stock was not too long ago So I don't know it seems pretty smart on Schwab's part and they get lots of scale advantages beyond just trading but across tons of different investments. So it sounds like a complimentary deal right given what you're saying about Schwab's business and TD ameritrade business. I mean you have you have potentially I don't WanNa we use the word synergy but maybe you have some synergy. I think he gets scale advantages. I think and I think that this could just be the first move of many for the entire industry industry consolidating. We'll see and it's bigger than just trading bezos. It's fees across the entire financial industry. Going to nothing. So even there's there's registered investment advisory services. There's been a lot of Downer Downer pressure on everything from funds to individual access to trading so yes it is a game of scale now agree with Aaron. I I'll also say that when you look at this combination combination and the purchase price that is being paid by Schwab for TD Ameritrade. It is curious because what caused that value in the first place was competition. And so so when you have somebody that's eating up the competition. It begs the question of okay. Well if competitions what caused the fees to go down what happens we start seeing consolidation in this space and I don't think that these go back up but I do think that the government's probably GonNa take a hard look at this acquisition say. At what point do we see sending that's anticompetitive and let's move on to retail macy's down on earnings things earnings. That were better than expected. But well sales were not macy's cutting its full year. Sales and profit outlook macy's citing a warmer fall fall in weaker spending by international tourists. Aaron is there. Is there any good news here or what's going on with macy's no there unfortunately is not any good news is sorry to say and I feel like it's funny because we probably could say everything that we're saying right now five years ago and it would. It could be the exact same radio. Yeah we were saying before our taping was the last time you shopped at macy's in five years ago so you can blame me. You can blame everybody else like me but yeah I mean this quarter was bad sales. Were Down Comps for down guidance as being lowered and I mean as you mentioned according to management like it's being impacted by by international international tourist shopping there last which if I'm an investor that's not really what I wanNA see propping up. My retail store like macy's weaker than anticipated performance and lower tier malls like that. That sentence in and of itself should be self explanatory about like the entire past decade next decade and then cold weather which. I don't know every time people blame whether for a store like this. It just irks me so lots of lots of I rolling. You know kind of going through the a press release. So it's really more of the same. And I think like stills recognized that this is a business that generates cash the stocks cheap when you look at the cash that's being provided it's tough to have any confidence in the future of this business when it's real Russell relying on malls and international tourists and weather apparently and even if you look at like the major stock price decline of the past five years or so the price is still double what it was at the lowest point and like the two thousand two thousand nine recession. So if you can't think if you don't think this can get worse you're probably wrong. Wow okay that it sounds pretty ugly so I want I want. I want to have kind of do a little thought experiment here because this very same week target just yesterday just just blow out. Earnings target up big big hitting a new all-time high so emily if five years from now we're looking at macy's and saying what an incredible run this. This was the time to buy what happened. A comment came down from a destroyed. Walmart Target Burlington TJ. Max I know I I'm not sure at this point. What could save them? I'd say being smart with their merchandising is probably the best thing they can do to make use of the assets that they have right now. I think part of the reason why targets so well is because they've really had strengthened the way that they've marketed and merchandise their apparel. which if you looked at their last quarter or was it big growth driver for them? Okay I mean I would wanNA see. They do produce a lot of cash. But they're not really smart about how they use it in terms of investing for growth. And that's fine if you don't think that there is anywhere. Good to invest in growth make sense to give it all away in the form of dividends but if you want to see this business like return to growth and find find like a new type of catalyst you better find something to invest in Aaron. What gave you a comment comment? Aaron what what gets you back into. macy's I guess what would it take for. Aaron Bush. The year is twenty nine thousand nine. Aaron Bush goes to macy's this sounds bad but probably bankruptcy so that everything goes like ninety percent it really business strategy. Okay not helpful. Wow Okay let's move on to pay POW pay pal buying honey science corporation for four billion dollars. Honey is a discount and rewards awards platform. It's developed browser. Add on and mobile APP that helps consumers find discounts. Honey also offers up other moneysaving tools. Now Emily this is pay pals biggest acquisition yet. Is it a good by four billion dollars for chrome extension in an APP. Wow it's it's pap- house big as acquisition and I. When I saw that number I was sticker shocked? I was like. There's no way this is a good deal. And then I realized something honey's making a a lot of money off me honey user. That sounds like a weird thing to say. I'm not addicted to honey. I do use the APP honey user and apparently honey makes a good chunk of money off of I think it's seventy nine percent female millennial users. Oh I'm right there. No target demographic about seventeen million users. That's a small number verve users for a four billion dollar price one hundred and thirty five dollars per user..
"schwab" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Podcast on Apple podcasts or wherever you listen to podcasts as well as at Bloomberg Dot Com let's switch gears though sticking with Wall Street and talk about Broker Commissions Today Day this morning there was news that Charles Schwab is eliminating commissions for stocks. ETF's and options listed on U S or Canadian exchanges the race as to the bottom accelerates David Ritter payments specialty finance analysts for a Bloomberg intelligence joining us from Princeton New Jersey David. What do you make the news well. It's been something that's been a long time coming. I mean obviously fee compression brokerage in an asset management more broadly is nothing new. I mean interactive brokers made their own own move last week to cut commissions two zero for basic stock trades so I think it it's going to have the very different impact on the different players players in the market and Schwab's case you know they only earned about fifteen percent of their net revenue from trading commissions verses e-trade and td Ameritrade where it's more than thirty five percent. I think you're seeing that reflected in the action this morning but but Schwab is really more an asset gather than anything and and so I see this move for them as a recognition of the fact that you know we don't WanNa lose customers and assets in the long term to these new stock doc trading apps whether it be Robin Hood or whether it be J. P. Morgan is you invest because that's how they make money they make money on new net new assets coming into the company and then you know sixty percent of their revenue is net interest income so they're essentially a bank right so they're paying low interest and Dan reinvesting that money and save security so that's the real driver not trading commissions. It's interesting look at the stocks mention Dave Schwab down nine percent. Td Ameritrade down about about twenty two percent today an e. trade down eighteen percent so kind of right in line with what you were saying and my question is kind of talked to us about some of these new technological competitors offers that you mentioned kind of robinhood and things like that gives a sense of what they are and what kind of market share they taking yeah well in the case of robinhood. You Know Very Rapid Growth Bruce Company several million customers already offering quote unquote free trade what underrecognized though is Nothing's free a write in the case of all of these retail brokers that charge the customer Azero trading fee. They're sending those traits to market maker so companies like citadel citadel and they're getting paid. What's called payment for order flow for those transactions so in their released last week. Interactive brokers was very candid they they said well you know this is how we get paid and if you still want best best execution you can take our four. Fi product instead of our free reprised so I just thought that was an interesting way to to approach it but you know certainly these things are having an impact and for Schwab. They finally said to themselves look we. WE DON'T WANNA lose these customers 'cause they're young people right so they're really the future drivers of their growth right now. Looking at Schwab shares down now more than nine percent so shareholders aren't buying it. Yeah I mean I think for both of them. When I described a minute ago what percentage of revenue they get from trading trading commissions I think the market is pricing in perhaps half of that revenue going away. It's interesting because the last round of price cuts was a couple years ago. Oh Fidelity sorta kicked it off by going to four ninety five trade and Schwab matched them what happened across the entire industry was fascinating is that the net inflows to the the companies and the trading volumes increased so it actually drew in more customers and so again I think that's Schwab's rationale here is we're trying trying to remove any impediment to folks either getting more active or becoming active in the markets for the very first time and then going going forward into the future so not sure. We'll see exactly that again this time but that's what we saw last time. David thanks so much for joining US David's payments and specialty finance analyst US Four Bloomberg Intelligence and joining us from the Bloomberg headquarters in Princeton New Jersey..
"schwab" Discussed on KCRW
"Schwab own your tomorrow learn more at Schwab dot com. and from listeners like you who donate to this NPR station. this is morning edition from NPR news I'm David green and every to Martin now to the seemingly never ending saga about the president a hurricane the state of Alabama and a sharpie to recap last week president trump insisted hurricane Dorian was threatening Alabama then he held up a map which according to reports have been altered with a black marker to indicate the path of the storm now the commerce secretary has gotten involved in the whole thing is raising questions about how this administration uses political power to protect the president and your media correspondent David full conflicts been following the story and joins us now hi David Hey Rachel all right so can you just explain what happened what what do we know and and what is being disputed by federal scientists. sure well look this is one of the things which is actually is pretty serious right now but put on my media critics had I'd say it started as kind of a typical trump ist in a tweet pot yeah it was a gaffe that might have been over covered if you go back to September first a little before eleven AM to trump tweeted Alabama was among states it's going to be hit hard by what he said her keen five can you know when the hardest on record twenty minutes later folks in the Birmingham National Weather Service said not so system was too far away to be damage to Alabama it's all find me well been based on some maps showing some tropical wind gusts might hit Alabama in outdated map September fourth president trump has that sharpie enhanced map who'd enhanced who knows but we do know the president love sharpies and then you know then it gets serious then a rear admiral whose trumps counterterrorism adviser comes out and that was statement saying he'd given the president reaping that briefing showing that on September sixth no which is the national oceanic and atmospheric administration sends out a statement basically rebuking the Birmingham National Weather Service in Alabama Singh was inconsistent with probabilities from best forecast let's remember they always look at the president is right you Alabama what are yeah and let's remember these are proudly scientific agencies know and the National Weather Service really important they have their independence of people can make their best judgments on their safety businesses rely on our outfits like this and this seemed to be bent to try to prove the president right after the fact but they'll Wilbur Ross is involved the commerce secretary. so look you know what we saw on Sunday was that the acting chief scientist of no worth which is the parent agency the National Weather Service said Hey I'm going to review whether there is any political interference and yes it appears as their allegations first reported by The New York Times that the commerce secretary which is over who is over all of this stuff personally got involved in said heads are gonna roll at you know at the National Weather Service for contradicting the president it is a triggered the review by the acting chief scientist it's triggered apparently an inspector general's a review you know the question of whether or not the these agencies are being allowed to operate free of partisan involvement so this is now about the president's hand picked cabinet member pressuring the federal non political scientist at noted change the facts. that's the allegation the commerce secretary has has had a spokesman denied that but I think this is also about the larger issue about whether or not the trump administration is going to allow information long prized by independent scientists not partisan figures that help to inform Americans in their institutions to help them make good decisions whether that is going to be bent to a personal a peak and a partisan intent in a way that you can cut against how federal government supposed to work NPR's David falcons like for us on the story David we appreciate it thank you. you can follow these stories and more online at NPR dot org or follow us on Twitter you can find me at Rachel NPR no well is at no well king David is out in pure green and Steve is. it's morning edition from NPR news I'm Rachel Martin and I'm David green and you're listening to morning edition on KCRW now this from KCRW knows Bailey kind of board of supervisors is meeting.
"schwab" Discussed on View from the Cheap Seats
"A little bit granted during the tournament and on Twitter quite a bit. And your Twitter handle for for everybody to follow at how we Schwab. And how shrub a Schwab? We love you. Thank you so much for taking your time with you anytime anytime guys a love at your knowledge is amazing. And we are just sitting here. Just drinking it up like it is just the most tasty smoothie we've ever we've ever had. Thank you have a great one. Enjoy the rest of the turnament. All right. Thank you guys. Take care. Bye. How about that j Schwab the fish? I love it. I love the people thought they were smarter than the Schwab. Yes. Sixteen people got him. But you know, what you probably again, it's like the tournament. It's one one shot one shot by the term is. So I love that. He shares our belief that the tournament is got from that interview, which I love when we come back. We're gonna have voicemail from high dick vitelle by dick mentioned many times that interview what you get from. How Schwab is how much he still loves the game. It's in there in him. And he's more than just a numbers guy. He's a real fan. That's right. So thank you to him for joining us. Let's take a break when we come. This is yellow brick by Rick Wilson is really good. We'll back with a special after this. Hey, guys. Welcome back to the show. Wanna remind people that we are going to be the moon tower Connie festival doing little moon tower action that's at the end of April so excited about that. We're going to do alive down. People town dumb people do tag it. That's gonna live towns. Friday night, seven thirty at eight hundred congress on the twenty six and then we're gonna do a show called tag it where we bring our comedian friends up. They do their set. And then we come on stage in real time. We're trying to write tags for their jokes. And we'll pitch them on stage. It is so fun. We did that show before can't wait to do to moon tower. We doing too goddamn comedy jams. So he turn on tournament. Just lots of fun stuff. So we'll see you guys in Austin, Texas, and that is April twenty fifth through the twenty seventh. And then in may we're going to the blue at in Bloomington. Indiana, the comedy addict, one of our favorite places may ninth eight mine in tenth and eleventh. So we're excited about doing that and the end of the month. On Friday and Saturday the thirtieth and the thirty first of may and the first of June. We'll be in Salt Lake City at wise guys one of our favorite clubs, Keith Stubbs is just the best in a great sports guy to he knows his sports superstars dot com. You can see all our dates..
"schwab" Discussed on View from the Cheap Seats
"I think favored me in that regard. And it worked out pretty sixty four and sixteen amazing. I'll take that winning. Do you know the winning percentage? Do you know your Eljay eighty? What's really funny? But one time I was in Las Vegas. Casino with tau. Yeah. And a guy goes as stuff to Schwab, you grow as thank you pre she'd it he goes, what was your record? I said sixty four and sixteen. I know it was he goes you lost sixteen times. Oh my God. That's terrible. What if any coach in college basketball have that winning percent extrapolate that outs? Okay. Six hundred forty and one sixty of your basketball, coach or football coach that has that record UM many, millionaire all fame hall of fame, and if happy with I'm I I was only upset when I lost a couple of times one time I was upset because we get four shows in a day. And I was so fried. Yeah. I just wanna get out of there that I didn't. That's the disadvantage because you know. Yeah. That was that day. It was the constant. You're the constant. They have one they've afresh shot, you know. And then there was one time I lost where this guy was at noxious. I remember him to this day terrible. He just was through till he he was like trash talking. And I'll have notched and I wanted to shut him up so badly, and unfortunately, I lost him twice. And then the third time I really wanted to kick his butt, and then he lost in the first round of the final like, oh my God. I wanted to beat him. Yeah. Shine it was it was anticlimactic when I one though the kid was really nice who I'd beat in the final year. But I was like oh my God. I wanted beat this other guy. Well, let's the Prince Naseem may just not out really. But the truth matter is and what's interesting about the show. And I think one of the reasons Jane, I really related to the position that you're in is that not because we are guys with tremendous sports knowledge were not we love sports. But the idea that it's one of those things where people feel like, oh, I can do this. I can beat this guy. I can sit in there like you say under the lights in the chair with all the pressure. And what what the Schwab does isn't so difficult like his? His head for knowledge is it is what it is. I mine is better same way that people see people doing stand up comedy. And they're like I can do that with funny our ram of. And it's like, you don't understand all that goes into it. You don't understand how much you were that go-to person for so many years on shows where really the the best of the best when when it's crunch time, especially when you're doing live stuff people everyone, the producers in everyone look at you and say how he what's the what is the what's the deal here that we need the right stat. The right information coming out of our those datas pressure, and in you have like dealt with that, whereas regular people just haven't. So there's it kind of looks easier than it is. Did you feel that sometimes people kind of felt that way? A little bit. But you know, I just took it in stride. When I went and played. I just was like let me have fun. Okay. Let me think about things it came to me naturally. I was pretty happy with it. Were you present in the moment? Like as they were happening. Did you feel like you could appreciate what was going on? Sometimes sometimes I did. I did the shows. I mean, the, and it's funny you say the bit about standup comedians because I'll tell you what people think they're funny, and they tell jokes and stuff. Yeah. And or not. Yup. And the really I sort comedian. I don't know if you know, this guy, Sarge pigment. Yeah. We know. He is Sarge I knew Sergey work at ESPN. Oh, yeah. And great guy yet, and I just reconnected with him and saw him down in Boca Raton, Florida recently. Yeah. He did stand up for two hours. Unbelievable is great. I laughed my head off for to my wife, and I are sitting again. He's amazing. Yeah..
"schwab" Discussed on View from the Cheap Seats
"So this team is going to be great, and the coaches had a chance to sink their teeth into these players and say, I'm going to help mold this guy, and I'm going to have a center for four years, and you also had more mature players coming into the NBA. Right. The one and done has left you with kids who still have a lot to learn. And I'm curious to see I was I does wanna goes in the NBA. I was going to ask you about that will be I think he will be very good. But it will be still a learning process of the road trips. The the mature players going against the size the speed of the game could be able to Bill on different. Yeah. He's not gonna be able to bully people around blocked. A lot of shots are going. We talked to Gilbert arenas. We saw him around the podcast to DO awhile back. We're gonna have him on the show. But he was saying we'll get into it more with him. But I'm curious. You know, he said he said Zion. Williamson is six six which you know, everybody is always on in the program is an inch taller than than they than. They really are. Yeah. So if he's let's say you measure him at a at an NBA combine of sorts and he measures out at six six where does he play at the two? Is probably right is fast enough to be a two is e long enough to be three. I don't think he is. He's definitely not a four. So he's let's as the two he's a to his all handling skills. Good enough to be two. He can't shoot the probably not can't shoot the three like a to. I know. So it's whoever gets him. I is going to have a project more than they think, you know, what? I mean, he's kind of coming out with a lot of hype. But I don't know if he fits in where he fits in the NBA, maybe take John Maranto take Barrett. And you don't have that problem. That's right Barrett's, much better. And John Moran to me feels like a guy who's going to be a great NBA player. Just a Greg set way. I mean just looks that way, you know, playing at very St. you're not playing against the top notch teams every night here. That's that's the thing you have to wonder about. But certainly been enough players coming out of small colleges over the years that have following guy named Stockton was pretty good. Yeah. Steph curry pretty good. Pretty good. So, you know, Luke, Luke ridden our kidding was Oregon. Yeah. I don't know was he now resort. But all right. So you have to go I have to come back and answer euro, the quest show, stump the Schwab, still lovely call. I got called into an office one day and Mark Shapiro. The senior vice president we know very well. Yes. I know me and said, you know, why you're here you said, my guess is has something to do with Talbot. Who I worked with something with him? What's going on? We've decided to start a new show said, oh, really what it's called stump. The Schwab you're going against people. We know you're pretty smart. I said what? The Schwab with that question sorta like okay one deal. I went I went I lose lose. I'm not pressure on myself. And the one thing I did which was really smart about stump? The Schwab we went down to look at the set and see everything and they said, oh, we have stand ins for you. I said no I want I want to try this. I wanna see what the questions are like I want to see what the set is. Like, I wanna see what the chairs like. Yeah. I got very comfortable in five minutes. And I think I had an advantage in the studio bidding. They're being under the lights feeling the pressure of the seed to feeling everything and I felt really comfortable. And there are some people who were contestants on the show who clearly got nervous to clearly were not not set by by the lie. Lights and everything that was around them in the scenario..
"schwab" Discussed on WSJ Secrets of Wealthy Women
"And she came back. And I said, so how did it go? And she said, unfortunately, I'm I'm behind. I'm not, you know, I I'm behind them where I need to be given my age, and I want to say her name. But I said no way, you know, you've been working with me side by side. You know, how important it is to be diversified and participate in stocks and equities, and she said, I know I just had too much in cash, and I and I think what what gets in the way is the fear of of the stock market because it because it is vol. Title. And so people think that going into cash or mutual funds is a better deal, but that's just as much risk being in cash holds just as much risk as maybe picking that hot stock. And that's why we so recommend a diversified portfolio of equities because you know, it's like not putting all your eggs in one basket, right? It's a whole bunch of different companies and industries and so forth, and then you can use cash and bonds to, you know, balance the volatility a little bit, you know, during different different economic times financial firms have largely had a tough time connecting with women. Oh boy. I you know, that's a that's a good question. I will tell you that historically, you know, I mentioned Schwab Schwab, or my dad's started tried to start a firm that with more inclusive, and I think a lot of it might be have to do with. It's a high pressure sales of you know industry, and I think what? People have to realize is that you don't have to have work with somebody like that. It's really important potentially to work with someone who's fee-based. So they're not incented or motivated to churn your account by all these this stock that stock or push a products that their firm is trying to push in. It's not necessarily right for you. I'm a big believer in red. Well, I'm a big believer. Of course schwa-, but registered investment advisors. They're usually fee based so it's a percentage of your assets. And so because it's a percentage when you're account goes up there, they earn more. So so it's in their best interest to help you grow your portfolio. So I think compensation is a big differentiator, and to be honest to you. I think it's changed a lot since I've started it has become more women friendly. I also think that with the rise of the 4._0._1._K and that so many women are in the workforce in a way. It's it's a forcing us..
"schwab" Discussed on WSJ Secrets of Wealthy Women
"So I'm just a big believer that we as women have to be more disciplined and engaged to have the financial income our outcomes in the security that we deserve. How come me become more confident as women? Well, I, you know, I'm out there advocating for parents to bring their daughters along, but you know, obviously, not everybody had that opportunity. You know, I always always have serve joke that on my own little focus group at Schwab is all the women at Schwab. Their parents talked to them about it, their dads were encouraging and so forth. But I think you know, just sort of the, you know, Nike whatever logo just do it. And there's a lot of great. Financial experts firms that you know, I tau Schwab. We my dad built the company for every day Americans. Some people say for the little guy. I mean, my dad went use that word, but but you're firms out there that don't care how much money you have. They just wanna help you. And I think you if you could just, you know, make that phone call or go into that office, or, you know, talk to a friend and gets mad vice on who you know, who you might reach out to. But I think it's just a matter of dipping in. And it's really it's an it's an assessing for your security. First of all go in so many different ways. I mentioned, you know, get help. There's no shame in getting professional help. You know? I mentioned I you know, I have professional help. And there's plenty of people out there that somebody who can be your partner in it. The other is, you know, if you're one to want to go online, there's some great low cost asset allocation ones, you know, like robo funds you here and there, and they're they're well diversified and all the different sectors of society large and small companies international bonds and cash it again, it's it's picking something that's low cost it mirrors the market. You know, it is an equities is just about participating in the market and thinking of it long term. I always, you know, quite the stock market to like elevator where it goes up, but kind of jig Jags up, but it of overtime. It outperforms any every other sector, including cash or bonds. What's one misconception? You hear from women about investing a lot of people. On. It's not just as -sarily women. But I actually had a colleague who is not in investing. She's not investor, and of course, you know, Schwab's not all financial experts. Right. We've got people in technology in HR operations, and so forth in this woman was in her forties. And she and I worked side-by-side for almost twenty years. She was in her mid forties. And she went to the Schwab office to check in on her retirement and her 4._0._1._K.
"schwab" Discussed on WTMJ 620
"To that is schwab that requires a minimum thousand for i think virtually every account they offer except for kids account which is one hundred bucks and so if i was faced with this question for one of my kids it would be so automatic to me what i would do is you said three kids five hundred each right the forecast five hundred eighty four kids all under six all under six crazy wow well i could not handle crazy but blessed okay so you could you could go as an example to schwab office open custodial account that you're the owner of for each of the kids and put them in one of the schwab index funds and the tax treatment on those is phenomenal favorable as your kids grow up and as they age and then way down the road hopefully when they decide to sell whatever they put in then they're subject to very favourable taxes at the time they sell by going into an index phonetics fund simply owns little pieces of hundreds or thousands of companies right and schwab has their own branded one that you could put the kids and it's an index that is used to be called the broadmarket etf i think they've made a slight change in the name of it but the idea is your money goes into this one find that owns thousands of stock senate and so the kids would own pretty much the whole us stock market big companies small companies and inbetween okay and then over the years till they start working they are able to add to this until work begins so generous soul gives more money to any or all of your four kids you can keep adding to it but once they oldest starts working that's the point at which any investing you do is done through a roth instead of in a traditional investment account right okay so the point that the oldest one goes gets job that's when we would want to start a roth ira.
"schwab" Discussed on KTTH 770AM
"A tax bill to go along with it so that was the christmas present so the mutual fund had sell securities to meet the redemptions and then those taxable gains were passed through was an etf if there's redemptions you can pass through securities to the market maker of the person the ap and those are offset and so those don't get passed through to the investor yeah kinda works at one way of thinking about it i talk a lot about real estate transactions using section ten thirty one exchanges where you can sell real estate and purchase other passive real estate or active real estate and not to pay the income tax because there is an exchange there's also a nudie contracts you can get out of a variable annuity that would have a lot of tax if you cash it in and exchange it for instance for a fixed index to nudie using section ten thirty five and you have an exchange of insurance contracts again not a taxable transaction well here in the very name of an etf is exchange traded fund so much in the same way the operators of the efc do exchanges allowing for the taxes is not to have to be paid at the time a redemptions whereas a mutual fund does not have that opportunity so right there an enormous again in normal amount of income tax could be created out of nothing for i loved your allergy there the the christmas bonus think of tax that was that was spot on there are even other attributes so for instance if a company wants to list their mutual fund on an exchange like schwab or fidelity typically there's a sales fee in that maybe you can talk about that run.
"schwab" Discussed on WTMA
"I wanna get to specific because i want to get in the weeds of how tax rules work but if you own that for more than a year you can donate it and you don't pay any tax on the gain that stock mutual fund or whatever's had and you get a full charitable deduction on your taxes for when its current value is normally people might sell something pay tax on the gain donate it and then you get the deduction on that you've had to pay tax on the game but this way you get the gain taxfree and you get the full value of the tax deduction for donating to charity if you have money you'd like to do this with but you don't want to give a particular charity this money all at once the big discount operations fidelity schwab and vanguard all offer what are known as donor advise funds i have two of these where he i'd can donate appreciate it shares to this find i get an immediate tax benefit for all the money this year and the money that i want to give to charities i give the individual charities in the future i don't get a tax benefit for giving the money away later to a specific charity but the money has already given me the tax benefit and then i can hand it out and little pieces over time and remember this is with the big three of the discounters offer these uh what are known as donor advise finds is what they are called generically and that's vanguard schwab infidelity all do these the find themselves they run at extremely low cost so the money you don't ate into this find will work for you over the years and then you can give it to charity a my goal has been with the donations i've done over the years is at the point that i retire i won't have the money each year to donate to charity of already designated it end of this donor advised fund actually the two of them and then later in life when i wanna give money away already have the money in there that i'll be able to give away kind of like a very low cost kind of foundation is what these are so remember the key is to get it.
"schwab" Discussed on Slate Money
"Slate money is brought to you by charles schwab what is schwab's modern approach to investing it's awardwinning full service and low costs it's transparency about how much you're paying in fees and commissions it's offering some of the lowest costs knee industry including 495 online equity trades backed by a satisfaction guarantee so if you're not satisfied for any reason though refund the fees and work with you to make things right that's why they call it the modern approach to investing so ask yourself are you getting low costs and awardwinning full service if not maybe it's time to call schwab charles schwab own your tomorrow visit schwab dot com slash money to learn about our low costs satisfaction guarantee an awardwinning service so we're going to have a numbers round the before we do what let's do a little bit of fantasy here let's reverse engineer the crash is gonna com and the question is what's the catalyst was the event that causes the crash well if i'm this is my doomsday prophecy so take it with pitch of salt but i think it's not it's it's plausible that case but let's say the federal reserve act he raises rates quicken than people expect next year maybe because let's say john taylor becomes the next fed chair m a s exactly any starts yet taylor rule all the way all day and sought jacking up interest rates the market kind of freaks out and volatilty goes up and then we have these short volatility tries people in betting on volatility saying low they saying oh my god oh my god i need to hedge myself and they do that by selling into the market.
"schwab" Discussed on WBZ NewsRadio 1030
"Somebody the just bounce stock ideas off of then was plenty of brokers out there that do that right in our people our clients and are looking for that the ones that use us of course or who seeking that sort of the overall partnership mmhmm and then if you listen and for the first time tonight you might be say well how the heck do you do that and how do you get paid and rioters my money being held so i think we talked about it earlier but we're an investment advisory firm which means that we have a fiduciary responsibilities to the client but at the same time the most important part of that worries we advise we don't hold your money joan so if you decide to have us help you when you go to an investment adviser such as ourself they use what is called the custodian that's the technical name but the street name as a brokerage so we use charles schwab schwab is actually the number one brokerage for independent advisers such as ourself but you know schwab fidelity ameritrade they're like the three big players in that arena but so we kinda say it's like you get the best of both worlds as you can feel comfortable hey your money is with the big firm but jet to get their hands on personal service with us round the new with that right in in the way we get the way we work is first of all we set up the accounts we do it right in our office boat you open up schwab cow johnson the new transfer your accounts over depending on what you want help with but then we set up the portfolios in schwab it again we use lowcost index finds exchangefreighted funds and some other types of funds um but then we're actively managing because the market has cycles up and down and all around him you know where deciding you know when it might be a good time to trim this position our add to that position all to help you because we're not getting any revenue from schwab we're not getting any revenue from the mutual funds the way we get compensated we just charge a small alfi one percent per year based on the value of your account um.
"schwab" Discussed on Slate Money
"Thanks are too small man we're gonna have active like an antitrust the banks episode at some point one zero there are five bank which very big put that might have another 50000 which you just pointless that's the key in often undercapitalised we're going to get like one really angry letter from a community banker because you know we have at least one is a list an eye vegan community i used to be on the board of credit union which had twenty million dollars in assets i mean late much as i love credit unions and i would support everyone moving them money credit union this no way you can run a bank efficiently when it has twenty million dollars in assets just can't be done are at our at fine slate money is brought to you by charles schwab what is schwab's modern approach to investing its awardwinning full service and low costs it's transparency about how much you're paying in fees and commissions it's offering some of the lowest costs in the industry including 495 online equity trades backed by a satisfaction guarantee so if you're not satisfied for any reason though refund the fees and work with you to make things right that's why they call it the modern approach to investing so ask yourself are you getting low costs and awardwinning full service if not maybe it's time to call schwab charles schwab own your tomorrow visit schwab dot com slash money to learn about our low costs satisfaction guarantee and awardwinning service okay we're gonna have a rare and special vaporware vic moon i'm really happy about this all secular nation other if i'm gonna i'm gonna kick off with the sleep pitch.
"schwab" Discussed on WBZ NewsRadio 1030
"You we use charles schwab is the brokerage so you could take all of those say have four different qualified account iras four one cage you can roll them all into with no tax into one individual i 'area charles schwab okay now you know once had some charles schwab is the brokerage you know schwab fidelity ameritrade they're all the same they just hold the money it's really what you decide to invest inside there right so you know even even in the second meeting even before you come a clyde before you become a client we actually show you the investments that we would use for you if you decided to become a client okay so it's nice to see that then you know we we we have a big we we are a big believer in diversification joni not to have too much in any one position okay so we don't use individual stocks of individual bonds we'd like to use low glow cost exchangetraded funds index funds and some active managed funds and a very well do versa fight portfolio strategic allocation on the different types of asset categories whether it's you know largecaps us stocks mick cap smallcap international real estate and corporate bonds government bonds convertible bond so we'll have you know we might have twelve or fifteen different mutual funds in etf spot those cover all the acid categories basically in the whole globe guys with the international everything so then you can really set up the apoe up appropriate portfolio and it's much easier to manage by consolidating these multiple scattered accounts scotch while and again that's i think that the first step so the the luxury of sitting down with you is not just getting the information by having the assistance with organizing everything that you have that in a way as you're saying you start by listing it and the qualified account so in the.