24 Burst results for "Southwick"
Bloomberg Radio New York
"southwick" Discussed on Bloomberg Radio New York
"Dow McDonald's and Nike while Disney and Boeing led to the downside After earnings regarding Netflix it fell as much as 25% and in other news the U.S. is weighing evacuating diplomats family members from the Ukraine Wrapping things up Amazon felt 6% to a 52 week low Live from the first or big news that's gone Bill millennial Okay we thank you very much Bill lots going on and to hear live breaking news over your Bloomberg type squawk sq WK on your terminal I'm Charlie palat is a Bloomberg business flash All right got it Charlie thank you so much for the update We just talked about for some of our audience about New York City mayor Eric Adams confirming his first paycheck which he gets today We'll be converted into Bitcoin and Ethereum And then we get that news earlier this week to him about the fed taking a big step toward the issuance of a U.S. digital currency There's a lot going on There certainly is for some updates on crypto and some analysis let's bring in Todd southwick CEO of I trust capital Todd joins us on the phone from a Long Beach I trust capital is a platform that allows people to buy and sell crypto through their IRAs Todd how are you I'm good How's everybody Thank you for having me on the show Hey well thanks so much for joining us Eager to talk to you about this I want to talk about I trust capital in just a moment but I want to get your thoughts on what Carol mentioned I wonder about legitimization here because that's a term that we've heard a lot in the past couple of years when it comes to cryptocurrency And certainly it's important for your business and your product I'm wondering what it means to have the U.S. at a federal level talking about a digital coin while at the same time you hear someone like Eric Adams New York City mayor taking his paycheck in crypto Just give us your thoughts on that I think there's a lot of people talking about crypto and I think that's kind of the main takeaway A lot of people compare this to the Internet in the 90s and since that's a great comparison because people don't know where it's going to be So that would be my overall commentary on governments talking about going into cryptocurrencies and issuing cryptocurrencies Is that there's a lot of talks and there's not a lot of certainty as we see from our side we are working a regulated business and SEC is not giving much guidance and again I believe it's a lot of talk that just hasn't shaken out yet Okay so how does the talk then turn into action And do you think it actually does I mean look Eric Adams mayor Adams taking his paycheck in crypto That's not talk right He's actually taking crypto Sure I mean we know that the SEC and the state regulators are taking the position now that they are going to move into regulation So it's top of the lawmakers minds My point was just that difficult to predict where it's going to go I don't think we'll be seeing digital currencies replacing dollars at any time in the next 5 years Well having said that So let's get into what you guys are doing Todd talk to us a little bit about your platform because as Tim mentioned at the introduction that you guys through that platform clients can directly buy and trade crypto Also gold from what I understand in real time and do it through their retirement accounts Tell us a little bit about how this works and also the volume and activity that you're seeing in the growth on your platform I mean we're interesting story in that when we started the business in 2019 crypto was not something people are talking about Mid pandemic in 2020 we saw the shift where a new type of customer was coming in I think I saw some statistic recently that in 2019 Sergey said that 1% of the U.S. population is interested in investing in crypto and we're now up to 14% So I see we saw that shift in 2020 and our business grew along with that And the type of client that's coming in is different as well We're shifting from people who are enthusiasts that are smaller in numbers obviously to the broader market retail investor And that's where we've been successful with our platform that we've taken the position that we're in investing platform and the client retarget is the retail investor who wants to make investments in cryptocurrency but doesn't want the headache or the share of loss We've tested So with us having an all in one platform with institutional custody and allowing people to use IRA funds to do so tax advantaged in a tax advantage venezue we've really been able to attract that new audience coming into crypto investing Hey I wonder about who should be investing their retirement in crypto And how people should think about it Because traditionally people think about their retirements in fixed income and equities And I'm wondering based on your research and what you're telling people how much of that do you believe should be in crypto And look I know it depends on the age It does depend on age but also perspective as a company and much from myself personally is that we do not give investment advice So we provide maximum options to.
Motley Fool Answers
"southwick" Discussed on Motley Fool Answers
"Even if you're not living in the us as for which investments to sell it's sort of like a rebalancing question i would start with any investment that has taken up more of your portfolio than you're comfortable with maybe it's a stock that is now ten percent or more your net worth maybe two particular asset class or sector. We often talk about once. You have percent of your portfolio in a single sector. It's time to start thinking about cutting back a little bit. You asked about losers and winners and at the full we tend to like the letter winners run plus the losers aren't taxable brokerage account. You might be able to take a capital loss that reduce your tax bill but if selling your losers means your portfolio become too concentrated in your winners then consider cutting back on some of them as well and i'll repeat a good foolish framework for pruning your portfolio. Pretend your portfolio. It was all in cash. Look at each of your investments. And ask if i didn't own this investment what i buy it today anytime you say no. That could be a candidate for what to sound when you need to raise cash in retirement. Finally just a little bit about the four percent rule. Even though i know we've talked about it a lot. It was established by financial planner named bill. Bankin nine hundred ninety four as someone who had a thirty year retirement so generally someone who was around sixty five subsequent research determined that it's actually four point five percent but despite that we still think of four percent so a safe withdrawal rate for someone who is seventy four could be higher. But what should it be. Well i reached out to the man himself. Bill banging is actually seventy four years old. And i sent him an email said bell. How do you determine how much withdrawal and he said when he retired in two thousand thirteen at the age of sixty six. He did us four point five percent as his initial withdrawal rate. This year at age. Seventy four his withdrawal rate is actually just going to be three point five percent because his portfolio has so well and he doesn't really need that much a retirement but he did send along a screen shot of his book that he published in two thousand six and he said according to his research from back then if you have twenty years to live so that'd be reasonable for someone who's in their mid seventies. You could take five point two percent. He also said that. His recent research indicates that it could be even higher. Maybe five point seven percent but he noted that the sort of preliminary he's finalizing his research and he hopes to publish a new book next year. I will say that. Some people think that the the framework that determined this four percent or four point five percent rate might be a little outdated because it relies on historical returns and going forward returns might be lower especially with bonds so some people might think that these withdrawal rates are a little too high given current conditions. But i would say that it's probably safe for someone in their mid seventies to take out more than four percent if you feel that that's appropriate for your situation. Well that's the show. It's edited renovating -ly by rick. Amdahl our email is answers at full dot. Com rabbit broke camp. I'm alison southwick. Stay polish everybody..
The Steve Matthes Show on RacerX
"southwick" Discussed on The Steve Matthes Show on RacerX
"Melville track that he knows well. It's closest track to where he grew up nationalized. Our men would be closer so his handicap move and he's been crushing it so i like sex in an ap at five. But i can't pick told mac so worried about sex crashing lately. I know mike speed wise. I mean when. I watch him ride. He does so many things that i would have killed to be able to do on a motorcycle when i was racing. But he's he's got everything else is there. He's got to stop crashing now. Dan what do you like for all star got. Oh i got calling at one. Go ahead paul sorry. I got one more to talk to you. Guys about ryan sarah. He's now gone up to fourteen. He goes he got thirty southwick but his finishes before that are eighteen. Twenty five nineteen at a fourteen. That's a lot of points. But i think we never pick him. Because he doesn't qualify. Well maybe like. I never picked this guy all year. He's pretty good man. Yeah i mean how who scored the most points so far. He's gotta be close right in outdoors. Yeah he he. He's close for sure he was wanna save but He's been really good. Yeah well dan stars. What do you think right now. I have cooper web He's getting better and if he has a best track i would say it's millville. It's like he's ever won four fifty national that he went one one nineteen so i think that He's got some goals. And i think that he'll get fifty points this weekend. Okay he he must feel good about where he's writing on dan kinda i just think that he's a very happy person. Do you think you think he feels good about you. Know sort of like the change of seasons almost I feel like cooper went to hate losing more than he likes winning and he does not like getting seventh-place but he was only like twenty seconds off the lead. This make the week before it was like fifty one off. I mean those are improvement. Feel like he feels like he's Never mind okay. I'll stop okay. So all-stars paul. I agree with dan. I like cooper web. All right sounds good. Hundred block pop. Twenty-one is the code to save.
The Steve Matthes Show on RacerX
"southwick" Discussed on The Steve Matthes Show on RacerX
"Go out and try to win the triple crown so that that was his theory and honestly somebody else message me and they did the same thing So i mean i get it the strategy. We used to have a rule that if you didn't pick a team that week before you were ineligible for prizes or money 'cause we give out money and But i took that rule out a few years ago. No one's really ever taken advantage of it. Go back in good thing. He's he laid back because mesh and canning. we're good picks red. Bud yeah county. Were just crushed it. So that was good. Paul great strategy and dino to dino dean either yeah right yep awesome. Mansa rat might be someone to. He's an eleven. he's been in shape. Run the point. Maybe maybe marks can do this tonight. But i bet the wrath in the best of the of the season so i is been there every modo. It's been really impressive. I have a hard time equating ryan surat to like outdoor warrior in dude but he has been and so props to him i know he did some desert racing and stuff. You know so yeah. Brian had a very strange Career i got an argument with somebody the other day on twitter. He's one of only five riders ever to win the c. Class that loretta and then win another class. He won multiple championships in like very odd classes like c class an open bc class. And then now he's top fifteen outdoors four fifty kinda crazy twitter arguments but ryan sir at like now that i kinda like that story I mean private here. He's raised it like writing to show half the time because he doesn't have a lot of funding and resources. So i'm i'm a fan right. All right oh i of the finish. Line four fifty. I think i kind of forgot about that. What dan what you said about route to start. So i think staying away either one of you. Dan will stay away but jt. Four fifty s. I finish line. Yeah we're bit me. I was on the train. He didn't get it done so if i was going to do it. I would be on a c. But i don't know that i'm gonna do it I i think there's an opportunity for web though webs pay from the. I know it's been rough but it being so close to the start. Maybe that makes a difference. Dan who you pick him oh man. Ap okay same kind of started last week and do it right hand. I turn trade away. Sandy or sandy. Here i i mean he does go pat all the time but i did. Ap by the way. No i know. But i'm saying also another reason. Ac does go paddle eight. They're all going to run a paddle..
The Steve Matthes Show on RacerX
"southwick" Discussed on The Steve Matthes Show on RacerX
"I mean i think he's gonna get better. I think he's for sure going to be better. I think at worst. He's gonna be seventh-place at worst. Six or seven. So i mean whereas handicap is. That's a lot of you know that's fine so not worry out on web jt. I haven't seen any reason to pick him yet I hope he keeps continuing to get better. But i don't have any real reason to want to put him on my team. As of now last time marv race does southwick was twenty nineteen and he won and then in two thousand eighteen he won and then in seventeen he got twelfth so something happened they should have been second he crashes brains out battling to try to catch telemaque right and seventeen. So don't let that for you. Mars mars very good at southwick aka mars. Very good southwick. So that one. That one could be this i mean. I don't think he finishes on the podium right. Neither one of you to do. Obviously i don't think it's out of the question like something like three five third. I could totally see that okay. I don't i'm not saying going to understand. I mean but if he got fourth or fifth overall with a one handicap gimme that day holiday right. All-stars barsha you mentioned. Jt at a five. He's good air topamax really good. I'll telemaque yeah. I can't take macaroni would be my pick. Yeah dan yes. I'm on my team. My team locked in. I think i'm good. I might win this weekend. Are you picking any any any. Seo guys outside of kenny. No not in the four fifty class. I need the really. I need to look at a little bit deeper. I just don't think there's anybody buddy in the four fifty class that can really get up there. The classes tough. I think canning's really the only one that's going to get up there. The other guys in the class..
The Steve Matthes Show on RacerX
"southwick" Discussed on The Steve Matthes Show on RacerX
"I will go. Offs ram evolves. Gimme are emeals. Damn yeah. I just looked at his result here. Last time they raised he went eighteen twelve. Oh yeah yeah. Yeah all right. I got be different. Gimme james harrington okay. Jt schwartz all right. That's fair enough to shape and also thanks to the folks that aren't percent for all they do for us on the show fly race in motorsport pro taper all on board with the fantasy stuff jersey this weekend for the winter dam. Is max anstey right. Yeah i think we'll get into it. But i think max is going to have a good showing this weekend in the san. He's looking forward to He wrote a really good at red bud. He had a bike issue one. So yeah we're gonna. We're gonna support max this week all right. Let's go to four fifties right off the bat gotta go canning like he's wide open for everybody. I would hope he's a twelve. He's at the wick. Absolutely yeah if you can pick them. I mean people did pick him last week. i mean he had he had to pick trend but Yeah if you can pick them canning. Yeah yeah we have. We have a lot of evidence on him that he's in shape and you rides well those things so he's not your typical any any. Sc got for me. So dan on all stars. Give me your gimme or three that you like. I don't really like any of them more. Fifty nc yeah. I like canning. I like anti. I think bogle got value. He had a rough red bud Cody shock still has value. You know you got twelve last week. i still think. Oh you shocked about got value Man it's tough down. Here dean wilson. I just don't know how the body's gonna hold up but dean's seven. That's the highest handicapped. He's had all year. And i do think that you know dean with pants when he crashed right so he can get ten or eleven I think one hundred percent so Right now i got ants the canning and deem as my team. What do you like let's see here. I like canning house. The one we talked about. I like maxine see Sand warrior I like marvin mousse canned coming off of a broken wheel. I think that's a really nice bounce back opportunity. He is good and he's good. Yeah i think everything lines up. Perfect for that scenario so That that's kinda my my three. And then i think barsha has a chance as as a good all-star kind of under the radar. I haven't really heard anybody talking about him. But i think that's a really nice opportunity for barsha to kind of get back into the mix at a track that he's historically done well you know. There's a little twitter controversy going on as we record this over chooses handicap. Eleven people saying it's too high high too high. He went fourteen twelve here something last time. He raised or something like that they said. What year was that. I don't know own i. I don't. I don't believe that could be the truth if anybody's looking results especially his first one coming off the bench Typically not the best. I'm gonna look it up right now. But dan did you guys think you miss the mark like some people on twitter. I don't i don't think so. I mean i think that It's just a blake morton scenario here. Where we you guys blew it. He came off the couch last year..
ChupaCast
"southwick" Discussed on ChupaCast
"You got to see who get off the police. Could you can say to scott. Ri- zahn does cost. That jesus was they came is. That's put the secret. Step a psychedelic watch out. Put that you fire you with regard to something kids demise. Vg to predict fine you as nasty not to turn off. The list is best powers. Mona chisel opposite in moscow video make wise better plus for custer of vinci. Jesus got a bit of book will be dane is not a positive. I guess. Go pop quiz. Not so there's like your system. Instant if as rincon masters up again if i saw each copa cube for saturday semi-finals pressure higazy wasn't mauri you sinzig queen and those who don't usually pertains device up in schedule. Good news is that all about big oil. We'll beg pegos put on a big discount. Agus coverage of the senate creek was status. Got an event over that precale doorstop just year minimum age from five hundred or if the teacher he meets. I go to handle the fall out. When the phallic schedules domas a fremont tips doomed holds those dog. Still do i. Every funds every seven iii. Funny know funny. Sequel saves Cpu today yeah. Who make dog a without echinacea for us i. I don't what what apple gable after ice was saved our position and more sci getting built not a follows email dilute. Gop bag was what set of fish oil paired. Jack kommt were kept. But i could have gotten was sitting up his soul mate. I oughta video game for the cardio. Each sonar is me. my view. Allow the tacoma soon that zero insane carry the facing. She'd shigella shiga resigned or senior senior team. Which even briskly sound. Each party has always torito's kitchen. You seem wolong. He'll sir keir don't see now. Phillies master vision american facility. Would you say jim. Did you enjoy a cordite federal. Nobody's come who did at them locally. Southwick very logical saying dana bader join cisco third by both off very okay on area yes cheap. Sick infants engineer keep also updated with oval office way up. Would you fought amount. But as he looks plus soldiers owning fabio kayla's debut is and it'll be able to bring back a kia will simply fatty not a visit nights. Kim assist meanwhile sitting available bent. One hundred two pervasive. Pick up with dead though but then your skull. Happy go paccar mazar pay. Didn't put them in day. Meat fish do combustion financial fastow. The boise poster. Cathy potter kite be good. Not finding god. The god kind subdivision tires. Ceo love. Yeah the much wasted because nobody vision out. I'm going to get the gm to somebody that you boy eden prairie. How remember two hundred callers. Used to being bossed soap. Some no catch it. What i hope so fucking fast. A new character common batum come energy or say erica going. Aluminium is this commercial. Ask sit columnists obvious. You forget about now. I said you know by gambino. Gi's okay. i skip. Bag pulled us through hustles. Six switch don't you. Have you have what you don't media. Data all stored. Sf nausea by the city. Kimball sit for brindell. Society to take for secret safely kimball. Society was to take away. Muslims reported.
Out of Bounds Podcast
"southwick" Discussed on Out of Bounds Podcast
"I was working so i can keep funding it for myself. You know so. It's like one day. If you have to be at the hang town national. And then i'll send a week later. You gotta be at southwick or something you know like privateer which is pretty much a majority of the women's to begin with except for maybe the top three or four. Maybe that's on your own done and back in the day. Like i said when you'd have like forty women shop at the gate. It was kind of like all right. We'll televise it. It'll look great. You know and to 'em exports to. It's all about money you know they this everything though. Everything's about money. It's where they survived. Especially when you get to that level like nbc. Sports is paying to have that broadcast. They're paying a lot of money. Advertisers are paying a lot of money. It's always fun watching the broadcast because you see like husqvarna advertised like chainsaw advertisement since fully curated ads for but the it's all about money. That's the only reason that that exists on at that level right at that level like you sat and i think i think about this all the time. Because it's like you know. I've tried look. Is there something that i can do. It's like i don't know. I feel like i tried to just trying women. Starting moto fit club. We started training like during training camps and stuff to hopefully train like younger kids guys and girls as a matter but hopefully still being in inspiration to the younger girls to be like no you you know keep keep practicing the jumps. Keep going out there and riding on the motocross tracks like. Don't be discouraged if you're the only girl at the local race you know just like keep doing it because i think hopefully at one point you know There will be more races. That won't courage pro-women okay feld entertainment. They like i said they. They produce supercross and they have supercross futures..
KIRO Radio 97.3 FM
"southwick" Discussed on KIRO Radio 97.3 FM
"My tummy hurts. Aidan's mom says a female driver and a male passenger were involved in this deadly case of road rage. I want to find them and I want there to be justice to be served for my son, the FBI and Capitol police. Looking into the delivery of a suspicious package to the Kentucky home of U. S. Senator Rand. Paul Paul has been the target of Twitter attacks over his stance on masks and the covert vaccine. School officials in ST John's County, Florida say they will look into the dress code and Superintendent Tom forcing has apologized for the move by AH High school to digitally alter dozens of yearbook photos. Add clothing and cover ups. Skin We missed. The mark will continue to get better The whole key to this Do we learn from it? Do we have a better product moving forward, and I can assure you we will do that. And parents at a middle school in killed Mississippi or complaining about a yearbook section that invited students to mock and criticize their classmates prompts included. Which friend would you not invite on spring break? In Southwick, Massachusetts, the story of a woman who threw away a lottery ticket only to get it back When it was worth something. I'll be shot stacks the frigid his parent's convenience store and laughs at what might have been a millionaire for a night going over a stack of discarded lottery tickets. Recently, he discovered one of them was worth a million dollars that I want to buy a Tesla. Just one problem Keanu, which customer have mistakenly discarded the ticket, regular leafy Agha? Shot family conference was held, including obvious grand parents in India. My grandmother said. Let's not give the ticket. It's not right on when he tracked Diego down, freaked out like crazy. She cry so no Tesla for Abby, but something more precious. Make big guy happy up there. Vicki.
WBZ NewsRadio 1030
"southwick" Discussed on WBZ NewsRadio 1030
"For holding on to A million dollar lottery ticket for a customer who get this through it out. Don't throw it away. Leah Rose Biega purchased the diamond million's ticket at the lucky stop in Southwick, Mass. In March, but then tossed it thinking it wasn't a winner on Lee. It wasan come on staff at the family owned store. Realized Vega, who is a regular customer was wrong and they returned the ticket tour. Come on. That's the way to get it done or not, as the case may be. As far as that customer is concerned, All right. It's not at all ended. Well, it's nine. Oh, wait. Let's find out what's happening on Wall Street, and it looks like we're getting ready for a pretty big day. Here's more from Bloomberg Business and Tom Busby. Yeah, it looks like we're going to kick off the new week with some gains today. Down futures right now, Jeff up 153 points. There's a lot of optimism that the Fed is going to continue to help boost the U. S economy, even though inflation remains a big worry for a lot of investors. A new survey from an accounting firm that specializes in working with Americans who live abroad But worked for US company has found nearly one in five are now considering renouncing their U. S citizenship. It's all because of the sky high federal taxes. But they still have to pay Uncle Sam. I'm Tom Busby Bloomberg business On WBZ. Boston's news radio Coming up, Western leaders condemned Belarus for diverting a commercial airliner and Vicki Barker at the Foreign desk in London. Maurin a moment it's 908 at home at work, or if it's one of the same. Your place for news hasn't changed. Tell your smart speaker to play WBZ News radio on I Heart radio with 24 7 customer service and guaranteed repairs. You're progressive policy works the way it's supposed to go on like this. Peaceful meditation guide. Take a deep breath focus on all the things you have to do..
Romeo Siaw-Mensah Podcast
"southwick" Discussed on Romeo Siaw-Mensah Podcast
"This one. This one sixty we'll cross. That's what i'm struggling sixteen. She considered a filled and by assets and does what she considers a filled and buys it. That was a woman who was thinking that own a house to buy land. Your mind must be the atmos a lunt that is used wisely because why can have the mind to a land you morning the same that his land you buy different kinds of shoes and use it to buy different kinds of braces like go home and calculate the cost of all your shoes you rela. Eight is a combat reports of land. His we don't have the mind to buy bill the house. They have the money. But that i can buy might not set on some to organize yourself towards it but to find a woman who's mind that want to own a land at build. It is a good. Lois commend women. Lax with that investment. Don't think about investments. Don't interested in spending his intern. Spending let me give you the right now by tomorrow epa to finish you want pinball when you've when to bob that he filled a virtual suman considers you about ticks that i'm here in the campaign to let everyone yet to own your own lantern as long as i'm your pasta you own house to the book to change our mindsets and switch it from buying things for yourself and invest in the morning. Not that women have on you. We may receive a lot of money passes in but they don't think that this morning if i give me one of so much let me economize it by this little supper us. I can use it to buy land women. Many women have this mindset middle. Women don't have become a half hour for me in the office that you receive a lot of tips are the tips are into your math. Pto here removing this. What bring this movie. This one and been disliked. What's decision if you have seated. You would have found that you buy what brad what is. It's a lot of land not around five thousand two thousand in your interests which is something that some of the shoot while we're in now is web tomato but is it because you not thinking your mind is not that this monica i come back. That's what she calls cities. If you don't consider you won't buy it. Come from the mind comes from the mine. Was the british over over over many years and previously my wife was always fighting to these women that people were giving to. But you know. I was last show last week to buy land and the messages. I'm happy because i don't want to feed that. I don. I want to see my wife. And i'm prejudiced but i must also consider that shoe come by land. What the hell. Not our to book some of that. But the fact that you can see that you can't sit down is a sign that sect has entered into an product from said pouring from to every woman here. So you call sit us you you can buy. You have considered you own. That you can't accumulate money to get it but the fact that your mind is not thinking about it. And i'm swishing every woman's your mind from today that begin to consider consider tyler said. I'm going to buy a land by dismissive. And i've heard from rebel. I'm going to a woman of substance to buy. What do i want something you are going to do what by. That's a sign that a woman of substance see the morning that the if the land by today in the nest by maybe wet four times but the shoe you buy today the best three months there be less worthless. She considered a cold and pisces and the fruit of pants with the foot apparel hunts planted by she. Want to own your own business. I pray that god will bless everywhere. My discharge you own your own business. If you are working in the monthly payment you must still have some business. That's who support you in addition because what has determined to bubba and was sorta he'd do whatsapp prosper. So you have to find something to do for go to prospect for you and do everything he can set to does the concept paper as they consider the company bunkers couscous. It by the woman industrial. If you can find a woman of this foul have fun. It's more than rubies and not declared the descent to become more than ruby say man supports so the women likud describe because by eating. How would it have. It'd be they twenty s. It is offering as to how we push the cost per void but to the low. Send me that you are going to become a woman of substance. Everyone knew that. I'm going to be a woman of substance. God is going to prosper. Hands epa tonight do is going to be bliss from today. My hands southwick at my house so quick. I'm not going to ask bed people for money. I'm believing my boat to bless the west of my hands so that i can support the gospel of jesus grace ladies and gentlemen community one point. My time is up. But i wish i could give you more of this. Supported the ministry. Mo- women supported the administration. Hallelujah in rome.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
"southwick" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
"Feel very fortunate. I think that What i've seen is that when we have opened ourselves by am not a believer that everything should be centralized that you pull everything into. It like that actually doesn't work and so we tried to do is to incorporate the feedback an actually integrate. Our our engineers who. They're incredibly bright. When i call kind of i think of it as kind of crowd sourcing so whether it's data issues it's Collaboration tools that were evaluating. We want them to be part of it. And if you think about it from just an organization change management so your capabilities. This really actually helps us to would work with introduced technology if they've been part of it part of the evaluation part of the comments and good or bad we actually. I'd rather have it on the front end. That had on the back end so i found that at of for the most part. I mean there's always a couple of pockets where you wanna go. Please tell me what you really believe. But for the most part you really want your Your technology friends within the company to participate in helping to guide us the right way. And and if you're going to be the primary user certainly. They should have a big waste doing that. So i really feel strongly that our job is to enable the business and be that service and we need their partnership otherwise they will reject The type of transformations that were trying to help the business go through with nos. Excellent as you look to the future Kathy what what are some of the trends that excites you. That are makes beginning. Perhaps to make their way onto your roadmap yet. You know the areas that we're focused on right now is thinking there's probably a call to that are top of mind for me. One of them is in the in the space of just thinking of the technologies we bring in platforms so thinking of a platform as something that instead of trying to focus on integrations of mini-applications thinking about are there better ways that we can bring in a platform that we can then use across our business. So that's one thing that we're we're pretty focused on. So how do you do that with With a product in you know a product like service. Now how do you use that as kind of a foundation for what you're doing your own business to develop and build on and then enable across so again i'm always looking at Enablement and less gratien in the ability to have a consistent way that people think about the data and where it's coming from and i think that's one trend one message The second one is that. I'm really focused on right now is and i recently just saw this on a on a study. That was just you know shared this last. I guess four five months around Around data about what's it gonna look like in the next couple of years. You know thinking about what happened during covid and that being able to have smarter fast faster more responsible. Ai in none of us can actually get there until we have done the alcohol. The due diligence and the the disciplined around how we think about data management. and so. there's this one study i read. It said you know look. We're going to be moving from piloting to operationalizing in the next two or three years In it'll move at a very significant clip to be able to have more responsibly. Ai so that's thinking about. How do you ship your own business. Strategy on a more real time basis you know moving away from having dashboards that are predefined reports the thinking about. How are you going to be able to take data. That's available in your business and be able to react and think about it. You're more real time than having it as a defined report. I'm going to go and pull some data product from. I'll call that so. I think that's a really interesting one that works starting to think about that in order to do those things you have to kinda prepare your business. How do you think about structured data. How do you think about unstructured data. How do you merge that What's it gonna look like to. Instead of having all these reports available thinking about what really and i honestly could use some of those predefined reports because trend might not really be applicable going forward. So i think those are probably the two areas. But i think are really going to be beneficial important for us and you know and i would say that the other trend is obviously and it's all over the all technology is we're going to have to keep double down on security so that's just going to be that underlying you know. Where do you think about security. And how do you think about it. And all those areas i mentioned. You can't get away from. It has to be better than there for you. That's great well. Kathy southwick thank you so much for taking time with me today on television and it's been a great conversation is great to see you thank you..
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
"southwick" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
"Technology can help empower our business as well very interesting prior to your time a pure storage you at eighteen t for a couple of decades Behemoth of an organization And going from that sort of environment to this one especially as you you raise scaling as one of the strategic priorities that you in. The team are focused on the degree. That a business. This is a successful one at that is scaling is obviously different from a fortune. Five hundred fortune twenty company. Like the one that you were with or perhaps even lower number than that That you were with before. And i wonder what sort of an adjustment that took for you just to wrap your mind around some of the challenges and opportunities associated with that degree of rapid scaling that you needed to make sure anticipating in supporting i. It's it's true it's coming into here Which obviously is much. Smaller sized company from the number of employees and also revenue concurred two hundred plus year old company. Big change It's i have to say that it's super fun. I came into it with this additive. Not really sure what to expect. Meaning that i hadn't been in An company where you were at that rate of growth and that the At the same clip that pure has been going through so significant grows short time period and based you high customer demand and So when i came in. I was often accused of. Looks like you're having too much fun here. And part of it was that recognition at some. Great things that you do when you're you know we'll just called it a a young a fortune. Something company at a single digit fortune company in that there is a lot of historical processes metrics things like that that you have in place and when you come into a company like pure who is much younger growing that scale it was opportunity to say. Oh my gosh. All those things. I thought of in the past had to have everything in place. Maybe don't have to have all these things in place so the opportunity coming into pure as modern technology. Modern way of thinking. We don't have a lot of technical debt from either having lots of mergers which had gone through. At and so you have a lot of what i call benefits of being able to start some really fresh our ways of thinking or even just measuring yourself and so it's It's really been quite fun in quite exciting to be able to help your to call navigate some of the potential growing pains where you can start to see like gosh. Well we get to this point on simple things. Like number of transactions number employs some of those things. Those are the hit points where you start to say. I need to do something different in need to start having a more mature way of Of handling of transaction or process versus. When you're already that size of a company you know where it's your hundred and something years old. You don't necessarily have that opportunity to figure out. What can i either take out. Because you've kind of grown with all those years so It's been really quite fun in and And i kind of joked when people say you look like you're having so much fun like this is incredible to watch not just the company growth but then also are people grow and seeing them get so excited about the things that they're getting to learn and experience as a As a company changes you mentioned that you and your team are accustomed resorts for the the product offering of the company. You were more traditional customer prior to joining the firm. And i'm curious what advantages did you have Or maybe Did you have to correct some things based upon Perspectives that you had that that were true or false before coming into the company curious of the the benefits and perhaps some of the issues associated with being a customer prior to joining an organization. A really start with. I think i have tremendous advantage of being a customer We had started working. When i was in my prior role at with pure when they were just a couple years old so starting with a company who was very innovative disruptive and working with a company the size of eighteen t who was In their own right very innovative And a different scale and seeing the marrying of that in having company like purebeam will to operate in that type of skilled environment was pretty pretty unbelievable. actually it was It was incredible to watch because it's a hard thing for smaller companies to be able to work at that level of scale and not run into problems so i have the benefit of coming into pure knowing what the technology does what it does to enable a business in. I'm not talking. About from a technology perspective on topic talking about from the operational advantages So seemless upgrades remote upgrades being able to do things. Non disruptive things that hadn't really been done before this space so headed advantage of coming into pure that neither technology. I knew what What could do for business in so. I often kind of consider myself a huge advocate for our customers. Being here here not just roll but because i know what it can help them do in from the lens of having done it. It's you can see the direct impact to everything from your people management operations to your financials to just how you can support your business. Because i mean the whole reason why you're bring technology and hopefully to make your business better so i would say the. That ship i had to make was that. I'm pretty vocal about what i think. our customers. You need what they want Especially at enterprise level. So i think that sometimes of my passion and energy for being so so strong about like this is why our customers want to use our product in as a technology company. We have credible engineer. Su are very mindful about feature functions. the capabilities. We can deliver. But i think that we have to be really careful to make sure that we're I'll call over engineering capabilities because customers are really trying to make shifts and you're trying to transform your business whether it's a digital transformation it's an operational its financial. There's all these things that you're trying to do and we have to continually make sure that we're listening to those customers at the center of our decisions in inside actually say that i the one thing that did surprise me. Is that our our customer support. Team actually new. At and t. Almost probably as well as i did from the standpoint of what challenges with us. And i think that's kind of the That's the essence of why customers want to work with companies as you want them to you know we know that they're in a business and we know that they have their own support issues but we want them to be so involved in dedicated to helping us be successful as a customer that you know. That's the first the first every everyday they have how interesting i also was curious You now work. There are a lot of companies were the preponderance of tech talent is within a nineteen departments. You're in an it departments in an organization where there are technologists everywhere. And i'm curious How you think about differentiating the value that. It provides in a sea of people who who are deeply technical themselves in trust me. Everybody always wants to be the You know the best technologist no matter what. The product is capability as and. That's probably how they think about me when i'm chilling gift. Giving them suggestions as well on the product side I actually.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
Interview With Cathy Southwick, Chief Information Officer, Pure Storage
"Capi south welcomed technician. It's great to see you today. Great to see you too. Thank you kathy. I thought we would begin with you. Your role you are the chief information officer pure storage and maybe you can take a quick moment in provide a brief overview of pure storage. Is business right now. I'd love to do that. So you know appears for relatively young company are i ten years we really set out. To complete change. Storage industry disrupt the status quo. That we'd all been dealing with from an it lens and our vision was really built on being very customer. Centric wanted to fundamentally change expectations for data storage management. Want to think about it from enabling codebase real time access to resilient hybrid cloud data storage for it Not just for. It also developers devops alike etc and really week of storage as co we really want to storage to be dynamic to provide that cloud experience be flexible on demand and really be able to allow developers in spanish to really consume it at their at their Their needs so. That was really whole premise. Behind period. we of say we put the check mark on that and now as we had to go into this next ten years of our company. We really wanna make sure that. We're empowering those organizations who want to really think about their operations as true automated storage as a service model and and really to work across multiple clouds in environments and So that supports on premise. Off prem dedicated or shared platform. So that's really kind of the essence of pure as really being that very customer centric figuring out where we want to be to help our customers data to use Whether reducing the complexity and be able to manage their for structure. That kind of sums up. Think about pure. That's great a great summary. I appreciate you giving that overview and let's talk a bit about your role is a chief information officer no to seattle roles exactly alike. What's what's the what's within your purview. Kathy yeah. I feel very fortunate. I have an incredible Global it team. That's in both domestic us wilson locations around the world as well And we also have responsibility for our cyber strategy for all of the enterprise as well as our product so think of the traditional. It responsibilities of all of our on prem off prem the assassin environments application environments along with data federal that. We support the business but we also have that responsibility as well for looking at what cyber look like for our business around helping to ensure we protect not just our employees and our company but also our customers as well
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
"southwick" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
"Capi south welcomed technician. It's great to see you today. Great to see you too. Thank you kathy. I thought we would begin with you. Your role you are the chief information officer pure storage and maybe you can take a quick moment in provide a brief overview of pure storage. Is business right now. I'd love to do that. So you know appears for relatively young company are i ten years we really set out. To complete change. Storage industry disrupt the status quo. That we'd all been dealing with from an it lens and our vision was really built on being very customer. Centric wanted to fundamentally change expectations for data storage management. Want to think about it from enabling codebase real time access to resilient hybrid cloud data storage for it Not just for. It also developers devops alike etc and really week of storage as co we really want to storage to be dynamic to provide that cloud experience be flexible on demand and really be able to allow developers in spanish to really consume it at their at their Their needs so. That was really whole premise. Behind period. we of say we put the check mark on that and now as we had to go into this next ten years of our company. We really wanna make sure that. We're empowering those organizations who want to really think about their operations as true automated storage as a service model and and really to work across multiple clouds in environments and So that supports on premise. Off prem dedicated or shared platform. So that's really kind of the essence of pure as really being that very customer centric figuring out where we want to be to help our customers data to use Whether reducing the complexity and be able to manage their for structure. That kind of sums up. Think about pure. That's great a great summary. I appreciate you giving that overview and let's talk a bit about your role is a chief information officer no to seattle roles exactly alike. What's what's the what's within your purview. Kathy yeah. I feel very fortunate. I have an incredible Global it team. That's in both domestic us wilson locations around the world as well And we also have responsibility for our cyber strategy for all of the enterprise as well as our product so think of the traditional. It responsibilities of all of our on prem off prem the assassin environments application environments along with data federal that. We support the business but we also have that responsibility as well for looking at what cyber look like for our business around helping to ensure we protect not just our employees and our company but also our customers as well
Blueberry Blog Malayalam Podcast
"southwick" Discussed on Blueberry Blog Malayalam Podcast
"Don't know would have seating when or aspect of me on the lou on the best in news down catholic technology the forecast to forecast guidance. There's not dieting. You the component again. Some sure as consented kind of and go more the end. You'll need someone like roy. Clarity wanna go sort. Really her young cast on that. I want to go to her level native jerry's. He were team up into diabetic. So i'm not gonna let 'cause he's looking up on flu or cancer. Some good start being to ogden donated. Drowsy okay. I didn't even do anything more on the working on getting the more as do of the they will do all you want. You know they'd be ready. You go or you lucky or cast you. Then game into auckland nominee. Of course you never know what any the listen ya'll excuse lavar ball medial either need. You're going to cats the with you. So let me let go out on a liberal literary tip eight hundred and hollering get italian data you in denver a little bit god and you don't speak to mind seen accountable on cnn body on job they save us the benepe on the under now a shame. We don't play benefit of include duty. Who along noted how the coordinate toxic relation to fifty and then out of. Oh thank you episode. I and then they don't have in with me if i've been dick your little Pushing on grading literally on the energy potato day episode tecate appeal and guide him. Roy latium but none dare concept of england and that's what they'd upstate abortion. Melissa legal love seafood element suck and they're under the completion. Guys are donna nation and nevada. Remote up indiana. I can just three on an impetus not motor electoral based on on again our beyond the aren't going to be on the more on the social sean. I'm about the modern on karnik. Checkpoint at getting them is three william to be able need get through by himself going into the. I'm on the way to miss out of to bumps you you door says you can book another one of the ones that in those. Don't being in front of those flexible nickel southwick might do it on and on and on much no money give any details. You get a narrating alcatel idle you. Mom did the building a posting. What do follow this. You also get the moving of clinton.
Horror Fictional and True Stories
"southwick" Discussed on Horror Fictional and True Stories
"How about the night. I took my partnerships ships glass up to the cucolo and see the reefa bristle thick with shapes that dove off quick. Soon's the moon raise albeit in the folks was in a dory but them shapes dove off the fireside into the deep water and never come up. How would you like to be a little shaver alone. Up in a cucolo. I watch and shapes as want hillman. Shapes hey man was getting hysterical. And i began to shiver with a nameless alarm. He laid gnarled claw on my shoulder. And it seemed to me that it's shaking was not altogether that of mirth expose one night. You see something. Heavy heaved off a no bids. Dari beyond the reef and then learn next day. Young feller was missing from home. Hey can anybody ever see. High harra hiram gilman again today nick pearce and early weight and i don iram southwick and henry garrison. Hey shapes talking sign language with their hands them as had real hand. Wow that was the time. Oh but begun to get on his feet again. Folks see his three daughters aware and gold like things as nobody had never seen him before and smoke started coming out or the refinery jimbo other folks were prospering to fish. Begun to swarm into the harbor fit to kill and heaven knows what sized cargoes we begun to ship out to newbury. Park arkham in boston was then. Nobody got the old branch. Railroad put through some things part fishermen here about the catch and come up and souks but they lost. Nobody never see him again and just then. Our folks organized esoteric order day. Gone and bought masonic hall often calvary commander for it. Hey hey matt. Elliott was a mason and again the selling but he dropped out to site just and remember. I ain't saying oh. God was set on heaven things just like they was on that connect guile. I don't think he aimed at us. To do no mixing arrays no young ones to take to the water and turn it officials attornal life. He wanted them gold things and was willing to pay heavy. And i guess the others was satisfied for a while. I'm in forty six. The town done some looking and thinking for itself. Too many.
X96
"southwick" Discussed on X96
"Larry King's estranged wife. Hello, Utah's own Hello, Sean Kings on I thought they were divorced already. But what they were? Yeah. Hello, Salt Lake City. Hello. His strange wife, Shawn Southwick King is speaking out following the death of the legendary TV host. On Wednesday. Southwick King confirmed that Larry was laid to rest in a beautiful and intimate ceremony attended by his family. Yes, we laid him to rest this morning and in the Jewish faith, they do it very quickly, so you almost don't have timeto. The process it Southwest King told entertainment tonight. I'm still processing as all the boys. The whole family is, you know, and for the ceremony we all wore Larry Suspenders, a tribute to his signature. Look, We all you know, we just family. We wore Larry suspenders, every one of us, and it was a beautiful, loving, perfect. It was just perfect, you know, and she is making this sound also wonderful and how heartbroken they are. Now, let's let's remember this. Mm hmm. Shawn Southwick King on Larry King. She filed for divorce him. Then they kind of got back together. Then he filed for divorce. Against her, and that was still in process, and now she's and you know, she's on entertainment tonight, talking about what a moving love because she's worried about the will. Well, they were fighting about money. Yeah, that's one of the that's why the divorce wasn't finally I must and I must say I'm a I know I'm in a hole. I'm a cynical a hole. That's why she's on entertainment. Tonight. We wore suspenders and we were on and we had the process. You hated that old man. Don't why Tim Robbins. Getting divorced from somebody that most people didn't even know. He was married to He had, apparently in secret, married a woman named Graduate Leah Brancusi. No idea about this knows Well, they got they got married in secret. Well, it's going to say he's been. He's been apart from Susan Sarandon for quite some time. A rep for Mr Robbins did not immediately respond to a Fox news request for comment, But the two became a public item in 2018. When Mr Robbins brought means Brancusi with him to the premiere of HBO's here and now People magazine reports on and they were photographed together there, and she's Quite a bit younger, but a lovely, you know, lovely. Let's not He's 62 or three or something. She's in her forties. That's you know. On. She saw lovely woman. Well, apparently they they had gotten married because it's become public that he's filing for divorce, All right. He's a kind of a private value in most respects, I think your problems Um So There has been Off virus cases have been falling sharply in the United States recently, more now than at any previous point. The United States has never experienced such a sharp and sustained decline in new coronavirus cases. Last year, new cases in the U. S went through cycles of rising rapidly and then leveling off for falling just a little bit. That was different from the situation in many other countries, where sharp drops sometimes curd. Now there have been huge declines in in America. Uh, the cases have fallen 35% over the past three weeks. Hospitalizations of drops well, deaths of not but they have stabilized and the death trend typically lags. Behind the case friend by a few weeks. So I like the trends we're seeing, and I am pass personally hopeful that things are going to get better, said Jennifer News. Oh, or nutso on epidemiologist. At Johns Hopkins University. But there are a number of things that could also Go wrong. We may be S O. Possibilities are that we're in the very early stages of some kind of herd immunity. That doesn't seem quite likely knows it was roughly better about masks and stuff. So the herd immunity I mean, roughly 100,100 million Americans. Seemed to have had the virus already. And then Ah, people are getting vaccinated. On Then, as Gina said, Maybe people are being better being better than wearing. That's what I think it is. We can. We can only hope right now. I don't go out very much. But I was Was out yesterday and I didn't observe a single person that wasn't wearing a mask. So, yeah, and which which was a nice change. Usually I see. I see at least one not wearing a mask. At least one. But now in the past couple of weeks have gone out. You're right. I haven't seen any The new shape shifting Variants of the virus, though, pose a couple of threats First to counter act, the higher risk of infection. Restrictions on activity may be tightened, pushing some economies back into recession. Britain Where one fast spreading via variant is now widespread, re entered a lockdown on January 5th its economy, which Frank why 10% last year is likely contracting Now, the International Monetary Fund said Tuesday that it would grow 4.5%. This year, down from its October forecast of 5.9% here in America, the economy Is Stable. You could say interest rates of from the Fed our remaining at Essentially zero. They're not charging anything for you know to banks and other things T get for their loans. Uh, first company in America to receive FDA approval for covert 19 saliva kits is a company here. In Utah. No, Bill Phillips, chief operating officer for Spectrum Solution, said the company originally started out providing product development to improve customer experiences with the testing. About seven years later, the Utah native said a company called ancestry reached out for assistance with Americans. Custom consumer experience, Phillips asked if they could help improve ancestries saliva collection device..
Motley Fool Answers
The Energy Sector in 2020 and Beyond
"Full answers. I'm also southwick. And i'm joined by robert. Brough ho ho bro. Camp personal finance expert here at the motley fool. That didn't work out at all seasons. Greetings to you all in this week's episode. It's part three of our year end. Investing series with the help of industry focuses nick cycle. We're gonna dig into the energy sector yet. It puns all that and more on this week's episode of multiple answers bro. What's up well also by the laws of personal finance multimedia. I am obliged at this time of year to offer a few year end financial planning tips. So i'm going to say you heard every year a there are a few that are unique to twenty twenty and boy. It's been a unique year so here are some ways to make the most of this interesting year. I have five number one. Max out employer's sponsored account so actually have until april fifteenth of next year to make twenty twenty contribution to an ira but the deadline for make for most employer sponsored accounts like 401k's and four. Three bs is december thirty first. So if you haven't yet maxed out the account if you have a little money lying around you still have a little bit of time. But you generally can't wait until the last day of the month for most employers you have to change your rate of contribution a few days before the final payroll of the year just an example the motley fool. If you want to max out your account this year you have until december tenth before four pm to do it but of course your job will be different so talked your hr department the bottom line here. Is that most 401k. Plans or at least many. Don't actually allow you. Just send a check you have to do it through the payroll just as a reminder of the contribution limits in two thousand twenty for most employer sponsored retirement accounts it's nineteen thousand five hundred with an additional sixty five hundred fifty or older by december. Thirty first for ira's six thousand dollars with an additional one thousand for the fifty in better crowd and those limits are not changing and twenty twenty one or staying the same that said income thresholds and being able to contribute to a roth or whether your contributions to a traditional ira deductible those will change so check those out if you're going to contribute to an ira twenty one number to make a corona virus related distribution from your employer account if possible so thanks to the cares act that was passed in march employers who have experienced certain health or financial related hardships due to the coronavirus can withdraw up to one hundred thousand dollars combined from their retirement accounts. Avoid the ten percent early distribution penalty. If they're not yet fifty nine half though you still taxes the good news is you have up to three years to return the money and it doesn't have to go back into the account from which it came. We've mentioned this a few times this year. This actually provides an opportunity for people who are in mediocre or worse employer plans to move the money to an ira however this option is only possible. this year in the deadline is actually december thirtieth. Not thirty first. So if you're intrigued. Sure to visit the irs website to make sure that you fit the criteria for making one of these rotavirus related distributions number three convert traditional to roth assets so you have to december thirty first to do a conversion for this year. This year is a particularly good one to consider a roth. Tax rates are historically low and income has dropped for many americans course you pay taxes on the convert amounts but then the money grows tax. Free as long as you follow. The rules of this is also a good year for americans over the age of seventy. Who want to do convergence. Normally you have to take your required minimum distribution from a traditional account first and then do the conversion no conversions do not count towards the required minimum distribution. But all our. Md's have been suspended for this year. So you can convert at will just remember that ever since the tax overhaul that passed in two thousand seventeen conversions could can no longer be undone by something known as a re characterization so only do a conversion if you're sure that it makes sense number four spend money remaining in flexible spending accounts depending on your employer's plan you have until december thirty first to spend the money in a dependent care or medical flexible spending plan. Some plans do have different deadlines some allow for extended grace period's up to maybe march fifteenth and for the medical account. Some plans allow you to roll up to five hundred and fifty dollars to two thousand twenty one. That's up from last year's five hundred dollar carryover amount also thanks to the cares act. The items that qualify for your medical flexible spending account have been greatly expanded visit. Fsa store dot com to see what's eligible and again reach out to your hr department to find out the deadlines for your plan and finally number. Five deduct charitable cash contributions. once again. Thanks to the cares act. Taxpayers can deduct up to three hundred dollars in cash contributions to call charities without having to itemize their tax returns. Make sure you visit the website for more info and it also has a searchable database to find which which organizations qualify
WBZ Morning News
Board Revokes Pension Of Former Trooper From Southwick, SW Of Boston, Convicted In Overtime Scandal
"Mass state trooper convicted in the widespread overtime fraud scheme is stripped of his pension. The Globe reports that the state retirement Board Voted to take away former trooper Paul Sissons pension that would have paid him nearly $80,000 a year for the rest of his life. He's the first trooper in the scandal to lose his pension. Citizen does get to keep the his $108,000 that he personally contributed to his pension plan.
WBZ Midday News
CT students rally in Hartford for high school football season
"To cancel high school football in Connecticut for the fall. Which governor did. Lamont is not opposed to for one personally think that I love football. I played a little bit. I know how important it is to families. I know how important it is to kids. They also know we want to do things safely on this rally includes players, coaches and parents. The high school sports sanctioning body last week ruled that football games will not be played this fall because of Corona virus. Student athletes at Southwick Regional High School, are calling for their fall sports
Motley Fool Answers
July Mailbag with Jason Moser
"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I
Jason and Alexis
Larry King files for divorce from seventh wife Shawn after 22 years of marriage
"Stories in entertainment that will repeat here because it's just unbelievable that Larry King can't make it work for the seventh time or eighth time is yeah well you divorce the same woman twice okay how does one or two I don't know he's filed for divorce from his wife Shawn Southwick they've been married since ninety seven this is his seventh wife but the eighth marriage yeah good lord this seems like a lot of like can't work it out yeah how much money is he not receiving from his job he probably has zero money I don't know this seems to be money motivated she's like I need a paycheck and I don't wanna live with the script keeper anymore yeah like twenty five years younger so she's like we need to bye bye you know yeah at this point for him it's like what's the point I hate to judge Pete I would never judge anybody for their reasons for getting divorced but when you've been divorced seven times you might want to think it has to do with
Nocturnal Journal with Dave Hoekstra
Police: Boy, 3, accidentally shot 9-year-old cousin in Chicago
"Yard here's david jennings is cloudy and thirty three degrees at o'hare will county sheriff's deputies a they now know where kevin mckenna ears man but reported missing since last weekend his body was found the retention pond and plainfield this afternoon chicago police say a threeyearold boy accidentally shot his 9yearold cousin elite armed this morning at east garfield bart wgn tvs gainer haul as more shooting happened in the thirty two hundred lack of wes hall teen in his staff will park around eleven thirty this morning chicago police say a threeyearold boy found a gun in the home and accidentally shot his nineyearold cousin in the arm by relatives drove her to rush university medical center and she was transferred to skroejer in good condition so far no arrests area nor detectives investigating steve bannon back on the stage again this time in france he was addressing members of one of the country's more conservative political parties he defended his views every day we get stronger and they get weaker ask a sex so keep pass nutritional differ it is farright french leader maria lopez head of the national front party they are known for their strong stance against immigration albert wong the man who killed three women after a daylong seizure to northern california veterans home had trouble adjusting to life after returning from afghanistan he'd been kicked out of the treatment program designed to help him president trump held a campaign rally in pittsburgh today he was there to support republican house candidate rexecode the eighteen district is where they will be holding a special election on tuesday southwick came to my office after having gone to north north and see him young and now it's very ties after the media you may do that but now we have to be very nice speakers let's see what happens let's see what happens boroughs we didn't do much luck getting the supporters not tabu indiana wants more.