32 Burst results for "Tj Max"
Bored and Uninspired? How to Get Unstuck and Motivated.
"Hey sober sellers. It's Lynn. Peachtree. City and today I am feeling man. I just came off two days of celebrating my sober bursaries. If you didn't listen to last week's PODCAST I. Kinda celebrate today's the day. I went into treatment were was still a little drunk and then the day after where I was freer of. The chemicals in my body, and now I'm coming up on Friday. This is Wednesday and on Friday I turn fifty six. So this often happens to me although not unlike most of you I think I'm having some difficulties in figuring out how I feel during the time of the COVID. So I'm going to share some of those feelings that I just started. Thinking about this morning with you here on the podcast guided by what I like to look at when I'm feeling stock and uninspired, and what that means for me when I do feel stuck if I'm thinking more deeply about it and possibly what it could mean to you. So fifty six years is not a short time on the planet, but I sometimes feel as if I've only lived for ten years kind of wider awake. So the patterns that I've developed in my life sure, I can go and take some looks sees back into my twenties and find patterns like I'm seeing today, but they're so much more profound now that I don't dowse myself with alcohol every single day. One of the biggest realizations is for me, I tend to get really bored. Three years of living a certain way whether it's in a certain place or doing a certain thing. But I really see this in myself and not to say, of course, I don't love what I do or love where I'm at. But I start to get a little wonky on the inside and I'm definitely going through one of those phases. I lived in Peachtree city for over three years. I've been doing sober. So recovery and Lynn Matic counseling for Awhile and I'm getting an inch. Not to mention I think a lot of us are feeling really bored because of COVID and I say board with a capital, B. Because we. Have really dug deep into puzzles and artwork and getting creative and yeah. Once again, my guitar sitting out in my living room, probably need to sell that one too because I'm not playing at ultimately, the drive is to get something coming in to our systems something new as I was waking up this morning I. Know I've felt a profound sense of loneliness. In probably the last four months more intensely. I miss being hugged. I. Have Said Numerous Times on the PODCAST and I'm an introvert that doesn't mean, I. Don't go out and get me some hugs every week. Just the tactile stuff that were used to a client and I were discussing this week. How we Miss Window shopping just go into TJ, maxx or wherever you have access to a lot of shopping and walking around uninhibited. Really Kinda just wasting time, but it was meaningful for me and this client that I was talking to I, don't know if that's something that you miss as well or other. Other things sped sure enough. We can't do even those things that we may have not done a lot of pre covid. We don't have a choice anymore. So this intense lonely feeling was coming over me and I couldn't quite figure out why I'm still seeing friends although I think in the last couple of weeks I've shown some signs of loneliness where I'm like, you know turning down those opportunities to be with people a little bit more which was kind of assigned to me that I might need some introspection really diving deeper into why I feel this. Stuck nece especially because I tend to enjoy the more mundane aspects of life I like to sleep I, like to rest I like good food I. Like just time. Things are teaching in me. So I wanted to get to the bottom of or at least somewhere near the bottom of why to take you through how this goes in my a little crazy brain. This morning as I was noodling this idea of what I wanted to talk about I started to I look at loneliness, and of course, type it in Cova with that while I'm googling. Up came tons of articles, mostly by the way from like march through may about how to deal and cope with loneliness in the time of covid. I read those back in March and May, and feel like I've done a lot of those things I've kept up on my connections via text and phone and Zoom I've you know gotten more involved in some groups on social media, I've reconnected to some of those healthier things romy and eating better whereas you know in the beginning I was kind of Etienne love ice cream. And I'm really worked to try and figure out how I can make it through these months of
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
Has the pandemic changed how we’ll shop forever?
"Y'all. We got some stats for you so as you might be aware. Stores and malls are reopening across the US, but has the way we shop changed forever. That's a very dramatic way to say it, but it's because there. A type of one of my notes and I didn't want a valid up. So one recent survey found that nearly sixty percent of consumers six zero are moderately or very concerned about shopping in stores, and of those who do shop and brick and mortar locations more than a third say. They're doing so just once per week, so they're bundling all of their shopping until one trap and getting it done. And it is starting to show in the way that customers are purchasing items, the CEO of Abercrombie and Fitch said that customers are coming into stores to buy something specific, and then they are leaving, so there's a lot less browsing going on. And while first quarter sales fell, there were increases across the company's brands online sales that sort of buoy eat a little bit of those losses just because of the lack of traffic. That's all according to an interview that was done with Bloomberg. So malls that have reopened have added social distancing signs in some stores have closed their fitting rooms and at beauty counters. There are no makeovers right now. Here's. Here's my in question about what is to come so if you're not exactly invited to linger in groups at the mall like we did as teens, and if you can't spend time in fitting rooms to find like the perfect lock, and you can't try on products at the beauty bar. Then is browsing dead and that's not just saying in malls because we know malls have their own issues with you know continuing to draw consumer attention, and whether the mock and survive, but in terms of just being able to browse or walk the mall or window shop. Do you think that's GonNa? Come back. Eventually but not anytime soon. I went to target for the first time since February this past weekend and the only shopping I've done is like grocery shopping, and like drugstore just to get basics. And what I was at target, it was because I needed specifics specific items that research said, and I remember passing their apparel, and they have some really adorable designer collaboration apparel. That's this'll sunshiney, and it's all yellow. Yellow when Pinkston, it's just really beautiful, and very summary and I was just like I can't stop. I just can't stop. I came here for specific things because we couldn't go without them anymore. And I need to stay focused on those things so like the impulse I feel like is not here because I don't think it's going to be here until we feel really safe again. Some stores are navigating this by having appointments, so you can have a slot where you go in, and you talk to somebody. WHO's your stylist or Even best buy was doing appointments that ended up since then, but they were doing it for a number of weeks. So that's another possibility but I. don't know about you. Why number one thing is trying to avoid talking to people, so making an appointment to come shop doesn't feel great, but maybe it's going to be a hybrid answer that we're going to encounter the future. While and if you're making a payment to shop, you probably have something in mind that you're intending to buy during that trip. It's not like you're walking by old. Navy and you say let me see what's at Old Navy today, right? You'RE GONNA make an appointment because your kid needs pants because they've grown out of their old ones or something very distinct I an experience and look. You're up in DC where things are just starting to reopen. I'm in Florida. which is a fucking free for all. And I went to bed bath and beyond last weekend, because I couldn't wait anymore. I really need it. This is very selfish. I really needed new sodastream canisters and I wanted to exchange them so that I could get the half price ones. So I went to bed bath, and beyond where it's usually a very quick process, but because they've moved things around in the store to accommodate. I have to go pick my own canisters off the shelf and bring them in. Wait in line like everyone else I couldn't fast track through customer service. That's totally fine. That No usually I go to guest services and I. Say hi I'm here to exchange these and I put them on the counter and get out to new ones for me I'm done, got it. It's a great process. So. Everyone who worked at bed bath, and beyond was very nice, but normally while I would have walked around the store, looking for things to spend money on. This time I felt totally claustrophobic now because I was just thinking about who's around me, and then I had to navigate the line system, which is now a six feet apart sort of wind, e system akin to the register at marshalls or a TJ Maxx. Got It which is fine. That's fine if they did that, but like I was having a hard time managing like what am I here for? And what are all the other things I remember about space around me right now, right? So I wanted to get the heck out of there. Yeah, I was not popping into Marshall's next door, either by that time I was out of energy for
Wall Street surges after record rise in May retail sales
"Ian balanced in the form of rising rates of coronavirus hospitalizations in Texas and worth it Beijing is closing schools because of another round of the virus hasn't been able to ground stocks they blasted off at the open now they're off early highs but the Dow is still up four hundred eighty five points the nasdaq a hundred fifty for the S. and P. fifty four the rocket fuel was provided by may retail sales that increase from April a record seventeen point seven percent the drops in March and April had also been unprecedented so there's still a lot of lost ground to cover may retail sales were six percent lower than year ago levels but wall street's treating the government report is a huge win McDonald's restaurants in the U. S. also recovered a lot a lost ground in may sales fell five percent from a year ago after a nineteen percent drop at U. S. McDonald's in April the owner of TJ maxx and Marshalls is getting an additional bond from a Jefferies analyst who says the visitor rebound this month at those stores plus it's home goods chain has outpaced the bump that department stores
"tj maxx" Discussed on Snacks Daily
"How do I look in this tunic? And be honest with the data keeper Tunic Top. We're talking about TJ X. companies brutal name but you know all the brands. The company continues to thrive in its era of the affordable splur-. We're talking about a chain. That is the pride of Framingham. Massachusetts is called TJ X. COMPANIES. But you know better as TJ Max yes marshalls homegoods and a couple of other and don't get confused like Weston Waltham Wellesley. There's other Boston. Suburbs anger. Estonians X announced its quarterly earnings yesterday. Same store sales growth which is the growth of sales right stores that are open for over a year phony. They rose by six percent. And we know what you're thinking all the retail in malls out there are shutting down. How did that do with compared to the forecast? They forecasted two to three percent in more than double that experts knackers. The stock ended up jumping seven percent. And get this. Tj Companies has risen ten times in the last ten years. So you know what you're thinking. How big is this? How big really is this company? Just now chain super premium stop its market CAP. Its value in. The market is seventy seven billion dollars if you take every single. Tj share put it in a basket that basket worth seventy seven billion dollars. Yeah so how does that stack up more than Goldman Sachs more than Caterpillar? More than General Motors and Ford Combined Take Lift. Multiply it by six. That's right TJ. Max is worth six lifts. Now Jack and I were looking at this company. Further jumping snacked out. We were pretty impressed with the equity situation. Sixty six percent of people in managerial positions at TJ. Maxx are women are that is a high percent. I think everyone who works there. It's called the maximova shops. Okay got to check in sustainability. They have prevented two hundred fifty three thousand tons of unsold stuff from going into a land. How bit that's like the size of the planet Neptune or they didn't attach a timeframe that two hundred fifty Jack highly skeptical. We assume they're referring to since forever. Yes knackers if you don't hear a timeframe included just imagine it's forever now in an age of economic inequality that we have in the United States right now. We've talked about dollar stores which are crushing it in this account. We're talking dollar general dollar tree. Their stocks are living their best lives. Max Though is crushing it as well because they offer low and middle income Americans the opportunity to treat yourself without going bro. Right and they're not position necessarily as a discounter we're calling it affordable splurge a couple other retailers that are struggling immensely are like macy's and JC Penney. They would never want to be known as a discount chain but TJ. Max is fine with their borderline bragging about their discount. Sit there like two hogs away from embracing this thing. They buy discounted things from other companies and sell them in their stores for a much lower price. Ralph Lauren Polo sized medium with a little bit of the The line on the time a little bit of I'm telling you I got at least ten polo shirts from Tj Maxx for a fraction of Ralph Lauren. Fifteen dollars there. It's like seventy five dollars on Ralph Lauren and you gotta give me your Firstborn Child. So Jack what's the takeaway for our buddies over? Tj Man. What can we learn about Tj Maxx? That's applicable to other snacks. You might be thinking. Wow this company sounds amazing and I want to buy the stock. It's so big. Here's the thing that we just mentioned. The stock is ten times higher than ten years ago. It's really high. And there's no guarantee the stock will go..
Sen. Schumer demands probe into recalled goods sold at TJ Maxx, Marshalls... including Ivanka Trump products
"What's bugging senator Schumer this week TJ maxx Marshalls and home goods he suspects they've been selling items that have been recalled including toys and electronics even clothing they could cause infantry generalities FOR choking or falling or lacerations that doesn't mean they will they could they were recalled for a reason and not because they are completely safe Schumer says these companies need to immediately reach out to customers and offer full refunds for the recall the items including sleepers link to infant deaths hover boards that could explode and a vodka trump branded scarves that don't meet flammability
Skanky Fragrances with Jason Carter
"Welcome and welcome everybody to Notch Butte. I'm so excited to have this hour with you. If you don't know who you're talking to it's Jackie J. The beauty talk shock jock the Queen Creams your host with the most assumes freshest fringe on the West Coast your favorite over thirty niche influence or the pop punk princess your favorite cookie southern aunt. I'm here and I'm allowed honey and I'm proud speaking being of being loud and proud honey my guest I mean we have so much to talk about. I'm I'm all anxious because it's been really. It's been a while since we're irl it it totally and there's so much to cover. My guest is living his best dream in his best life. He radiates positively. He's an inspiration. He is an on camera host host and journalist. He hosts e t live and honey. There's another side of this coin because not only does he have this job honey. He's also on the pit crew of Rupaul drag race okay so talk about job diversity. The resume is extensive my good friend. Jason Carter is highly. I'm so I've been trying to get your ass. When I did all male March last year? I try to get you but you were busy and hustling and you have twenty jobs and you know you know the struggle. Yes I know all about the struggle congratulations. You're you're killing the game for you. Love you five years yes happened in January of twenty two thousand fourteen knowing the date we met at was audition audition or we were already higher so we did that. Google chat audition remember last year and then I was like she's dope and CO Q. Bob Who's bat that's right right. I was rocking the Bob and it was awesome and so then we hired got hired the best and they hired us. They hired us to work on the first day of thinking in my best on lemon like sweater and we were like we're about to take over the hosting world honey right to say and then we didn't want law firm. We don't even want to say the name of it right. I don't people to Google it and find it wasn't bad it wasn't bad just the content was great. Experience was awesome Alfred that we would. They put on like this place anyways. We're not going to say well you know. God had a plan because here we are here we are here. We are in these streets. We are in these streets. We're slaying it and here we are together together again together again and I've kept up with you over the years. There's media I've watched you thrive. I watched you get married and divorced. Stop Ah now. I guess there was not a post on that but I'll tell you all about it on so yeah. Life is moving on. Are you married varied. We are Leeann. You've been long-term since two thousand and nine yeah yeah. That's my little Munchkin yes. I'm so happy that it's going well for you. You thank you you know relationships are work and I'm from lever that when they don't work dishes God or whoever he believe in whatever you know whoever finds you gives you sauce and spirituality retrial rerouting you to something that's better for you. Syria told y'all he was inspirational. fucking sad right. You live moves on. I I think the hardest thing about life moving on is when you make the choice to move on because it's being hurt sucks rejection sucks here and so especially when you invest vest because I feel like when you're a passionate person especially when you're a creative you invest in things in your life relationships investment so when the Roi the return turn on that investment is negative. You know you don't have a black head right and it takes a while to move on and the people get over it. That's the the worst thing you can say. That's from someone who doesn't understand basic bitches. I mean I think they need to exercise. Dan Gratitude and were yes okay. I have to ask you the first question I asked everybody on Ashby it. which is what type of skin do you have black skin? No no I have I have combination early to dry okay yes. I you know what most people enter that either they say black or they or they say boat. We're all combo guys. There's just stop asking that well because you're a product of your environment right. La Smart Toxicity Skins GonNa react. I mean and really who's really drinking all the water. They showed me. I'm guzzling at Dr Pepper and I was really impressed that you said that because I'm like the bodies on point and he's drinking soda I mean it's been a Dole's goals. Yeah you gotta gotTa have that sugar. The second question I always asked which is new is. What's your favorite feature about yourself physical? I can be anything it's open. It's open favorite feature I would say I definitely if I'm GONNA physical playing. I love my cheekbones literally of all these things because uh Google Jason Carter Y'all looks like there's also lots of photos of him in tiny underwear on his instagram scantly. You WanNa see what is best feature is on. I mean I was GONNA say. Maybe the APPS grow into your pushing forty. You Stop You stop relying on that body. I mean but I needs it looking good over him over here. I Look I've always cherished and really celebrated. just strong facial features like Kathy Ireland hello. Is that a strong draw. Why but it's beautiful so cheekbones? I've always I've always liked just a very defined. The Bone Structure Consent Heavens right answer okay okay. We have a lot to discuss but I kind of want to start with drag race sure because it's so interesting I was just telling some of the people out here who is coming again and they all just instantly knew who you were really core famous in Burbank I mean honey what a place to be slow love. TJ maxx marshalls Anna Nordstrom rack and target Walmart aw we got it all we do have a Sam's Club. So how did you get that Job Jack. That's a I mean because it's it's. It's go go right. Yes of course yes so. There's only three pit crew so there's only so there's been many yes. This story secret angels the right. Yes six mashed sometimes tire. We'll come back. We'll make exactly exactly. It's how key very colorful so two two thousand nine. I was just ending really crappy relationship. I was a dancer in. La So in the beginning of the year in people have a reset. I'm getting shape. Do this career bloody yeah so I'm like Hey I thought let me take these shots to try to make it as a dancer so I was teaching classes in Hollywood at Gold's gym the Gold's gym the awards it goes you know coal yes and no Co Co.. Yes how far close the shooter you're you're in Hollywood and you had to park and they have your car towed. Yeah so seriously happening twice and I was teaching dance classes had this one must have been the photos in January what they fantastic doc photographer named Michael Quyen who just really good at photographing people of Color and women such a I mean look he's awesome and so I was teaching class and and the dance room was glass window so there's a bunch of treadmills outside will elliptical so one of the executive producers are casting director of the show was was on on the treadmill peered INA saw his friend was taking my class so he sent my friend to ask me his friends to ask me like hey you well. How about modeling whatever you got discovered a little bit yeah the Hollywood kind of happened and so for this was February of two thousand ten and that was such a pivotal year for me? I'll spin while later but so for weeks gi mailing me. Send me a picture Blah Blah Blah so I finally did and I got a I got a request to go down to world of wonder it was on a Wednesday I happen to be off and this was after weeks of telling them of ignoring because when you're you're just like whatever believe the Hollywood casting couch all heard of like who send me photos maybe I'll model exactly ackley model mayhem partly no trae pick trade for pick and so I did and I thought that final day they were like you need to come in today and I was like cool whatever I winning world of wonder owns the headquartered illness amazing building awful Cherokee and Hollywood boulevard to six stories and so down the bottom of the basement they shoot a lot of their content and so they put me on green screen and told me to dance in my underwear. I'm thinking Whoa first of all professional dancer. He said Dancing Gogo boy and I'm thinking well. That's not really a compliment. Excuse me I write Larry Spencer. Would I think give you trouble Gogo boy move right yeah yeah you know just like no rhythm just crying really bad so I did. Ah thought nothing of it didn't hear anything. Did you do any pirouettes or did you throw any Prussians in there. No no no ronge jetties or the Full Chandelier Choreography Matt Ziegler. I could pull my leg my head but I didn't hear anything for for a week and you're just like what the hell did. I just exact whereas that footage going to end up green screen. They're going to put anything behind you to an ancient Egypt or some. It's like makeshift foreign and so in so I can hear anything back in that back when you're grinding its next the next train we've been trained to just close that that robot yes and move on right and so that was in March what was father's day mother's Day was in May of course in so I went to a brunch with a friend of mine a psychic and we've just been talking and so should ask me a question. She said I'm getting this energy from you that you are you in college. Did you are you. Are you testing for something or are you an actor. You're like I feel like you're being tested or you went out for something. You're waiting to hear a response or you're needing a response for something. I was like yeah. I have really bad allergies this time of year. That's only guy you're GONNA get it. You're GONNA get it. It's going to open all these. I don't know what it is. It was going to be really good it's going to be it's going to be really really big. I don't know what it is. It's going to be it's going to it's going to be very pivotal in your careers can do a lot for a lot of people and a guy when the guy with an f. and his name is going to call you like okay. Whatever whatever and you didn't know what this was four? I didn't tell me what it was but it was for a show right how insane and it's it ended up being ruining the most iconic shows of all time this cultural phenomenon land it yes yes and so fast forward to end of June throughout throughout that time waiting I had hosted event with Shangila who was on the season before she's into my first has a podcast on this network shunned July McQueen wildly and I hosted hosted a live event with her and people from world of wonder at the event bright so that never facetime facetime baby. I had no idea right then next weekend. I went to a pool party in Herat was at this party people from world wondering how yeah and so they're like the Visa Card everywhere where you WanNa be seriously and so I got a call end of June from a guy named frank that said Hey I'm so and so from we'll have under checking your availability L. Ability for a show called loopholes drag race. Have you heard of it. I was like yes we love you be pit crew member and I was like what does that entail just super cool so yeah torturing and what's interesting is that I grew up watching Paul. I used to secretly listen to supermodel of the world because being a little gay kid right you couldn't you that age. You didn't know what being gay was that you were drawn and people made you feel bad for liking that type of thing because of the ninety s we were on the Tel or we were in the midst of HIV AIDS crisis there wasn't as much representation and being a little boy row quickey New Mexico black boy from Albuquerque New Mexico
J.C. Penney, Kohl's Report Decline in Sales
"JC penney. And Kohl's the latest retailers to report earnings both saw a decline in sales in the latest quarter. Joining me now with more details is Wall Street Journal reporter, Suzanne cap ner, Suzanne. Well, both of these companies saw declines different factors were at play for each of them. What can you tell us about what led to the sales declines for JC Penney and Kohl's the big surprise was Kohl's, which had been doing pretty well for most of last year? They started to see things slow a bit in the fourth quarter, and then slowed much more in the first quarter of this year. They blamed it on weather and the fact that some of their competitors were a lot more promotional. So they're going to step up their promotions. And they've got some initiatives that they hope will get the sales growing again, later in the year, for instance, there, they have a partnership with Amazon, where you can return items bought on Amazon to any coal store by July. You'll be able to do that with penny, you know, they've been just in the dumper for long longtime, they've gone through many. Many management changes. They've, you know, since the days of Ron Johnson, the former apple exact who tried to really overhaul that company, they haven't been able to find their footing. They have yet, anew CEO in place, who is just trying to do get some of the basic things right? Like the ordering the right goods marketing them the right way, having, you know, not having too much inventory, and she hasn't fully outlined, what her big strategic vision is for the company yet. So we'll have to wait and see. But that, you know, that has been they've been they've been hurting, and they continued to hurt, but close was the reversal that kind of caught everybody by surprise when we look at other recent retail earnings, WalMart and Macy's both reported growing sales. What's hoped those retailers? Stay ahead of the curve that others haven't been doing. I mean, WalMart's been very aggressive in trying to be competitive with Amazon, you know, they bought jet, they've bought, you know, a whole bunch of companies. They've been spending a lot of money fixing up their stores. Macy's also has been you know, trying. All sorts of new ideas. They bought this company story that they're you know, incorporating into their stores, where like the, the format changes every four to six weeks, the product and the female changes over there, trying to just make their stores, a lot, more exciting. And so they're starting to see a little bit of traction there. And then, you know, of course, the big winner today was TJ X, which owns the TJ Maxx, marshalls discount chains. And they just continued to take share from all the other apparel sellers, their same store. Sales were up five percent you know, every quarter they seem to grow, even more. And you know, it's just they offer this amazing value. You know that's really the name of the game today. What about the ongoing threat of tariffs, we heard from Macy's when they reported earnings that another round could impact the furniture business. What are you hearing from retailers overall about the threat of tariffs? Well, they're obviously all very concerned, and the, the increase recently on the third tranche to twenty five percent from ten percent is starting to eat into. Margin's Cole said, but the big game changer for most retailers will be if this fourth tranche goes into effect that would cover all Chinese imports. And that's what they're all sort of gearing up for they're talking to their suppliers about shifting production out of China. What goods could withstand a price increase. What couldn't what are there any lines? They might have to stop selling. This is like the work.
Kohls Wants Your Amazon Returns
"Business wars daily is brought to you by net. Sweet the business management software that handles every aspect of your business in an easy to use cloud platform net sweet has a special offer for listeners of this show and net sweet dot com slash BWI. Ellie be sure to stick around to hear more about it at the end of the show. From wendy. I'm David Brown. And this is business worse. Daily on this Wednesday. May I did you ever wonder why the returns desk at most department stores as far away as possible from the front door? Maybe to get you to cross the store and see all the tempting merchandise on your way to returning those two small genes, perhaps while no retailer likes having merchandise return returns can't have an upside more foot traffic. The more often you physically walk into a store. The more likely you are to make a purchase which brings us to returns as a competitive advantage. And shrewd move on the part of Kohl's the discount department store chain last week colds announce that shoppers can return items they bought on Amazon at any of Kohl's eleven hundred plus locations. That's a big deal for both businesses online shoppers return stuff at high rates, and they wish the process were easier for brick and mortar retailers. It's been getting hot. Order and harder to get shoppers to walk in the door returning items. Give shoppers a reason to go to colds instead of the post office and Kohl's is doing its best to take all the paint out of those Amazon returns. You don't even need a boxer label. They say Kohl's is pretty certain that this strategy works when it piloted Amazon returns program, and it Chicago locations research showed new shoppers there grew by nine percent that was dramatically better than the one percent growth in the rest of coz locations revenue also shot up by ten percent. Double other colts doors, where the Amazon returns pilot was the sole cause of that growth is not exactly clear, but the correlation was enough for coal to decide a national rollout is worthwhile. So who exactly is colds? Biggest rival you might say. It's Macy's trouble JC Penney or even TJ Maxx marshalls, but we say this move is a case of keeping your friends close, and your enemies closer. Most forcible retail chains. Like Kohl's are struggling because of online shopping, and that means above all Amazon by partnering with the enemy Kohl's might just come out ahead. Brom wondering this is business wars daily take a second recommend to a friend. Would he can't help boost or foot traffic, but she can't help us with your traffic? Thanks a lot. I'm David Brown. Will see you tomorrow. Every company battles challenges as they grow updating manual processes, replacing inefficient systems getting a handle on cash flow as you scale, you'll need software that can handle that growth introducing net suite by oracle the business management software that handles every aspect of your business in an easy to use cloud platform with nets wheat, you can save time money and unneeded headaches by managing sales, finance and accounting orders, and HR instantly right from your desk or even your phone right now net suite is offering you valuable insights to overcome the obstacles that are holding you back for free. Those insights come and guide called crushing the five barriers to growth. All you have to do to get it for free is to go to net sweet dot com slash BW daily again. Get nets weeds guide crushing the five barriers to growth when you go to net sweet dot com slash. Be w daily now. One more time net sweet dot com slash VW daily.
"tj maxx" Discussed on WCBM 680 AM
"Call, sir. TJ Maxx resolution at four four three three six seven nine thousand and ask for me, Greg Talbot. Four four three three six seven nine thousand get relief in sports on the ice. The first round NHL playoff matchup between Washington and Carolina is a study. In contrast, the experience capitals are the defending Stanley Cup champions in their projected game on lineup has one. Thousand two hundred eighty two games of playoff experience. Carolina is in the playoffs for the first time since twenty nine and its lineup has three hundred forty two games of postseason experience the opener game one tonight in DC. Now, your exclusive WCBS Weather Channel forecast. Joy this dosa springtime. We've got a little more, heat and humidity and some rate headed our way, but today sunshine and comfortable temperatures, sixty to a few showers, maybe a rumble of thunder tomorrow, seventy two and a few showers, Saturday, seventy the hi, I'm Terry Smith from the Weather Channel for Chuck radio. Six eighty WCBS brought to you by smart mouth, mouthwash, never have bad breath. Only smart mouth mouthwash prevent bad breath for twenty four hours pull into CVS. Walgreens, WalMart or wherever you shop and pick up a bottle of smart mouth today or visit smart mouth dot com and make you pavilion in downtown. Baltimore fifty two it's fifty four at Mary weather post pavilion in Columbia reporting at eleven thirty four. I'm Michael Philip L six eight. Eighty WCBS news. This is pastor, Dave. Hill bible, president Kennedy church with the moment of truth. The American southern border is indeed in crisis mode. No matter what those on the left will tell you. And unless something is done and done soon to stop this.
"tj maxx" Discussed on American Fashion Podcast
"What the luxury houses are doing to American fashion brand that you can buy at TJ Maxx, you can't do that. It's a completely different way of thinking. And and it it just looking back. It was so exciting from an editorial perspective and from I think the industry perspective because he so admired in has done amazing things. But when you think about sense. If you like if you're sensible about it, it just it was never gonna work. There's a sense of Americana in the Calvin Klein brand it built itself in the eighties. So. What kind of designer could even go into that brand? And light it up and serve the heritage. And and serve all the people that love the heritage. And then still. Okay. He could have. But he I'm not blaming him at all. But he he didn't either he didn't study the DNA of Calvin Klein long enough or he felt that it needed to change or who's given directive that it needed to change. But there was no resemblance. So he lost the thread of Calvin that that is is really what we all love so much. So when you talk about nurturing brands, so who do you think of LVN like an LVMH as one who is nurturing portfolio brands, they do so look at his arm inside LVMH saw the carrying the riche Muncie of aid. They do nurture breaths. They give them a very long runway that give the money they give them opportunity, and they have full of. Access to their resources cross cross company stunned they've grown their portfolio for thirty years. Right. I mean, it's chocolate. It's champagne it's closing. I think bicycles. I think they even bought into an investment firm to homes, I'm fine people. So are we going to create that here? Do you see that happening with dealing? I feel tap with tapestry or with would come creating. I don't I don't think tapestry. It's is I think they're trying to, but it's acceptable luxury. It's different business once again, and I just did a story on Capri which is trying to do this in. They're trying really trying. If you look at the strategy to move Michael Kors backup market, and in earn more of their sales from the high end handbags in the ready to wear that's moving up market is a huge challenge. Think that they're going to try? Why I will say that the European luxury houses, I think they've gotten more impatient in there quicker to move things around, and and they always have been it's just a little bit harder to see if you look at someone like Jonathan Anderson who designs Loy vais.
"tj maxx" Discussed on WTVN
"Neil diamond celebrating his seventy eighth birthday here recently. Although he's written a lot of hits for himself and other artists as well. You'll said he really doesn't enjoy songwriting. He's been doing it. So long though, he says, that's the only way I know to make a living. So that's what I do. I can't believe that guy is talented as that is not something he enjoys doing a songwriting, you know, a lot of times people aren't necessarily that thrilled about the thing. That is their talent. It just kind of became a laborious task over time. My guess is that Neil probably doesn't have to keep writing songs if he doesn't want to. Yeah. But you know, sometimes you don't don't know when to stop or maybe never really want to s like your jokes. You don't really? Waiting for something. Oh, man. Aren't the best? They've really are. And you do a good job with us, my friend. You do your TJ Maxx there and grow city off the string town road. And I found this rug. Do you ever just find the most random like junk that you don't need and TJ Maxx? Oh, absolutely. It's the best thing ever when you find it. Yeah. I'm Mike a professional shopper. So Greg went with me, and I found this rug. I've been looking for something to go under our dining room table, just kind of brighten it up, and I found this rug. What it was eight by ten since big. So he carries it up to the front, and he hands it to the cashier. Can you hold this for me? We still have some shopping to do. And she said, well, no, I won't hold it for you. But I'll but you can stick it over there in the corner. Yeah. Humor. And they went back and forth. I said, no, I want you to stand there and hold it for me. Title for ten minutes, and I just snickered, and at least as you did offer me a job. So, you know, the things don't work out this profession. I have a job waiting for me at TJ Maxx as their official joke teller. Okay. We'll call corporate make sure that the real thing. Free. I'm surprised Kristen that you had time to go to TJ Maxx, we were just talking before today's show and me in the same boat, you know, figuring out taxes when you own a business or even just in your personal life. It's a busy time of year. And you're trying to get all the details together for you. Greg is a family your company, and all that you're not alone here, my friend, all of us right now, we're going. Oh my gosh. I've got to get that form. And I gotta get this for that. It's often. Also when some people realized that they missed taking their required. Minimum distributions last year and IRA expert Ed slot tells MorningStar that it's a very common problem with thankfully, a relatively easy solution. First thing in the beginning of the year, an inventory of every retirement account. You have subject to required. Minimum distributions. And that includes if you're a beneficiary, so if you just inherited you have a required minimum distribution probably starting in the year after you inherited. So you should know all the accounts that are subject to our MD's. Listen, he is the guy on stuff like this. I get that memo all day every day. But the truth is for me and everyone else listening in and around Columbus are MD's can be so confusing. How do you help people get it? Right. Well, you know, actually, there's a couple of things that he said there there are really really good advice taking inventory in general. So before I went to TJ max. You know what I was doing? I was cleaning out my desk in my office. So that I could get organized and have all my stuff spread out. And I have things hanging over my head. Okay. And so I went through my fouls. Pull things out. Just refresh numbers on on files. Sometimes I just jot a number down in those files. And so this is a good time of year to do that. It's a good time of year to pull out thinks you look you're pulling it out anyway for taxes true. So go ahead and take inventory, not just for two thousand eighteen taxes. But also for this year's taxes and make yourself a little notebook or set up an excel sheet and start writing those things in so that at the end of the year say October, November you're not scrambling thinking, oh, man. What accounts? Do I have again. What did I take my money out of this account? See have it all organized, and yes, it is. Confusing. It's not as hard as it seems though if you have an idea of what accounts you have that's first and months because we do meet with people all the time that just keep finding. Things. So understanding why IRA count you already have. And then looking just going down the list and saying, okay, I've got to pull my require minimum distributions out of these. Now, remember, it's not the year in which you turn seventy. It's the year in which you turn seventy and a half. Okay. And that's often mixed up with people. So it's the year in which you turned seventy and a half that you're required to take that distribution. That's true is not necessarily the day. You turn seventy and a half. So if you turn seventy say last November fifteenth, well, you will be seventy and a half. What does it may fifteenth or so of two thousand nineteen they don't have to have it out by then you just have to have it out by December thirty first of two thousand nineteen now something interesting if you have various IRA accounts, maybe have one at your local Bank, maybe have one with the broker maybe have.
"Yeah. I mean, obviously, it's really really hard to predict whether they actually I wouldn't want to speculate whether they really have grounds to worry. But, but as Lee was saying, the MO the number one thing that troubles, investors, instability, and we're seeing we do seem to have a lot of that, particularly as a come as it relates to trade relations, and some of these the the indicators of global growth slowdown, but we still haven't really seemed to have worked out where we're a various trade wars are going to end. And I think that there is just a lot of jittery a lot of jitters a lot of nerves related to US, China and US elsewhere relations and real quick before we go. We gotta talk about retail the holiday shopping seasons pretty much wrapped up, and it was a pretty good one. But on the other hand, we are hearing Sears and JC. Penney are pretty much on their last legs Lee. What's your take on the retail landscape? Well, it's sort of a tale of two kinds of retailers JC Penney and Sears are suffering from their own very protracted mismanagement of of many years the story on the other side of the fence is that a lot of retail. We had a really strong retail season. And a lot of companies now a lot of retailers have had a good long while to figure out there Amazon strategy to figure out there online strategy and to sort of mount a comeback to all of these headwinds in retail, and it's finally starting to show. So you see retailers like Kohl's making themselves over or you know, TJ. Maxx and Ross finding really loyal customers seeking value and retailers doing Omni channel, and partnering with Amazon and doing lots of creative things reinventing themselves, and that's starting to pay off. I love that story. I think it's really interesting right now. All right. We'll leak allegories with fortune Rachel Abrams joined us from the New York Times. Thank you, both of you and happy new year. Thanks, Amy to Wall Street mixed for the day but up for the week. We'll have details when we do the numbers. We talked up top about the partial government
TJ Maxx, Facebook And Google discussed on Mornings on the Mall with Brian Wilson
"Touching bear market territory. That includes Facebook Amazon Apple Netflix net flicks and Google all twenty percent below their record highs, lots of big names in retail out with quarterly results this morning, they're all lower in premarket trading. Best buys the only stock ticking just slightly lower TJ Maxx,
Thousands without power after severe storms tear through Florida's Tampa area
"Tampa CBS news correspondent Manuel Bojorquez from Florida. At least three tornados touched down in the Tampa area. The line of heavy rain and wind up rooted trees knocked down power lines and caused major damage to several homes and businesses storm really hit us pretty quick someone will fire chief William morale. There's no injuries. Everyone's safe. We have cleared all the buildings that have damaged. For several hours, at least five counties were under a tornado warning. After the storm road crews started clearing streets blocked by fallen tree thousands. There are still without power at in Maryland, a possible tornado in Carroll county tonight were several buildings including a TJ Maxx have been damaged
"tj maxx" Discussed on WBZ NewsRadio 1030
"Of TJ Maxx homegoods and marshalls TJ max reports nine billion dollars in. Net sales for the second quarter, as a time span It also revealed that the company hit an all-time profit high so why. Does TJ x. continued to buck the retail trend analysts, poonam goal with Bloomberg intelligence. Let's really appealing about these brands as a treasure hunt concept that. They have succumbed Sooners love going to their stores, they love fighting that deal they. Love finding something. Exciting. Something new that. They didn't expect. In the stores the framingham company continues to impress Wall. Street with growth across all of its brands seems to be attracting a. Younger shopper these days shares for TJ Maxx. Up almost thirty percent this year it is quite a different story for struggling. Retailer j. Jill which is getting pummeled today on Wall Street after missing the Mark on its second quarter numbers the Quincy company says net income and revenue both slipped but same-store sales. Did better than expected though executives warned that number will tumble going forward shares, for j Jill down twenty six. Percent in the past year another local biotech is getting ready to launch an IPO, antithesis therapeutics, targeting eighty six million dollars the Waltham company will. Use the proceeds to begin a pivotal trial to test its. Bacteria resistant antibiotic the company has already done a good job and the private equity markets picking. Up more than one hundred twenty five million in just about three years time WBZ, news time four twenty seven have. You checked your Google search. Results lately search results are, usually the first impression that people form of you..
"tj maxx" Discussed on CNBC's Fast Money
"That's why. Have you noticed researching gears, we're going to get back to tesla, don't worry, but look at that. Look at the music that graphics on the radio. There's beautiful graphics. Did you like the BG throw enough? I like Andy, Gibbs solo. Let's move on. It is great l. heaven out there bama's on a lot of information, Amazon rallying more than sixty percent of many of the traditional retailers. The brick and mortar are also joining it. Look at that Macy's up sixty percent TJ x. her and company TJ Maxx and homegoods off target up a strong consumer is what could push the market, the new highs and beyond this year bop Assadi who no doubt probably went to a number of BG shows back in the day on roller states joins us now from the NYC with more by way. No, Neil young and Blondie talking heads? No, not the be- sorry, Brian, by one measure, retail stocks just hit an all time high. The retail ETF that's the x. RT it's up thirteen percent. The last three months hits an all time high today. That's important because you. The expertise is equal weighted index of about ninety retailers so you don't have one big name. You don't have a WalMart. You don't have an Amazon, pushing it around too much. I like this action. Amazon is on fire this year, but the big retail names like Kohl's Abercrombie, Tiffany, five below. They're all soaring thirty to fifty percent this year. What's going on? Well, I the second quarter and he's a really good, and I don't just mean in general, the one hundred eight retailers that retail metrics tracks are seeing earnings gains of eighteen percent for the second quarter. That is almost as good as the holistic p. five hundred gain of twenty two percents. So the retailers are making money. Why is this happening? Will the big box retailers are finally starting to solidify positions and grabbing some businesses at Amazon isn't they're not invincible. Amazon isn't. So this counters like Ross stores TJ their new highs. The dollar stores are doing a little bit better..
China, US and Bloomberg discussed on Politics, Policy, Power and Law
"Very interesting wrinkle on. The trade wars the art world is growing anxious about President Trump's trade war with China because the administration's proposed list of two hundred billion dollars in additional goods that could be targeted for, duties, includes paintings, sculpture collages, ceramics historical collectibles along with antiques older than a hundred. Years from China critics of the tariff plan say it will discourage private collectors and dealers from acquiring Chinese art. And cultural items and because museums, rely on donations they end the viewing. Public. Will suffer wow for, more on this we're joined by Sarah, McGregor Bloomberg news economic. Policy team leader she's in our Bloomberg ninety nine one. Studios in Washington I, guess the team really dug down into, this list to come. Up with this particular nugget tell us about it Sarah Absolutely this is you know as we sort, of poor through these lists there's sort of come out. Quite quickly you know often when you're you're, covering, something like this you're just looking for some of the big ticket items but as, we start to pour through these listen even here from the companies and the people who. Will be, affected by these, tariffs we start to really see how wide net the Trump administration has cast on Chinese imports you know in some respects I think there's some frustration with items and. Art is a perfect example of it because people are asking what is have to do with what is a trade war that was started by the Trump administration's frustration with, China's trading practices with stealing intellectual property and forcing these technology? Transfers for companies who want to get a foothold into China what what do art dealers have have to do with. This and also because they're such small trade art is this really going to reduce the deficit the trade deficit with? China so why I think the big question is why would art be caught up in the. Middle of this trade. War So a lot. Of the people that you guys spoke to in the article some. Of them, said that, this really wasn't going to hurt them other, people seem to think and institutions that. It was, going to hurt them but it seems like, it's a long term hurt rather than an immediate absolutely. China is the world's number two art market, so, it sells about twenty one percent of the sales by value worldwide from China the. US imports some of that and last year was about two hundred million dollars give or. Take so, again we're not, talking about huge numbers but I think the idea is that you know it's the super wealthy can afford to pay a little bit more for China's art but it's. These sort of me know mid to lower level art purchasers who are really just passionate about art and make up a large part of the market that won't be able. To afford especially if there's a twenty five percent tariff on? Art to to to buy that and on, the other side of it Chinese artists of course having your work having? An exhibit? In the US is a really big deal get you a lot of exposure and that's going to become Lot, harder to do, if these tariffs are put into place is there any dollar, value the amount of art that, the US imports from China So last year it was about two hundred million dollars, give or take, according to, some census data that. We collected and of course in the in the grand grain trade scheme of, of it all I think. That's you know that's, not a lot we, imported the US imported about five hundred billion dollars worth of Chinese goods thus cheer in, in total but again as a as I said earlier I think it really just highlights you. Might be a small amount for the US economy but it's a big, deal for a group of people who who are part of that scene and I think that these tariffs that really just throws up. The question why is art being being punished by these, tariffs that really the rationale for them is is miles apart from the art scene there there's going to be hearings in DC in late August and with people able to come in and give their say about the tariffs. On different kinds of goods are people, from the art world going, to show up people from the art world's have submitted Comments online which Those are just pouring in right now and we probably can expect there's going to be four. Days of hearings so if the art world wants to have, their voice heard they'll definitely have that opportunity and you bring up a really good point that this two hundred billion dollar list is it's an initial. List right now so we've seen, with previous rounds the, thirty four billion even the sixteen billion announced this week that. Will take effect August twenty third items. Had been, removed you know the the US TR has told us that they listen to concerns, from from people including, in this case, the art world, and they'll, on you know they definitely take, those into, account but, really you know they'll have to fill a bucket and once you get up to, two hundred billion if you put all that everything into place that'll be about half of US the US deficit last year, with with China it's the. Full two fifty if these two, hundred take effect things have to go in and a lot of them might be items that. Don't make sense so I think really it just exemplifies the fact that a lot of industries might be feeling the bite from this that, feel Far removed from this whole trade war and I'm gonna throw an, interesting little insight into this. Whole thing on Chinese art that, the US imports sure there are big expensive pieces that get sold at Sotheby's and that kind. Of thing at auction but but believe it or not when you go into some of these off price homegoods places you know Home home furnishings retailers sometimes the art and those places come, from, China and they're kind of. Made in assembly lines over there and you probably, didn't know, that Sarah Yeah call up call up the folks at TJ Maxx and acts ask them where they get all. Their all the art they sell them I asked. One time I said this stuff is beautiful where did. Come from China We. Got we, got a beautiful landscape, there with that all right Sarah McGregor,
Britney Spears Worth Over $56 Million, Still Shops at TJ Maxx
"To podcast just search for powerhouse politics, and we'll see there. Finally, tonight a wonder woman gets a moon, man. Here's ABC's Amy. Roebuck. She's had our love for years. The always real. Jenny from the block. Now superstar. Jennifer Lopez is being honored for her music videos with the Michael Jackson video vanguard award. At this year's MTV music awards. It has to feel a little surreal, but you've worked your butt off. Literally and figuratively, but you still got it hasn't gone anywhere. Sometimes. I wish I could work off a little bit more for nearly twenty years. Lopez has kept the hits coming from love, don't cost a thing. Two on the floor. Deniro again and so many more he wore in company with Michael Jackson, Madonna Britney Spears David Bowie Justin Timberlake beyond say, did you ever imagine when you first started out that that you would be on that list? No, I I never imagined it. I was just happy to be at the party and happy to be doing what I love to do, and I just love to keep evolving and growing and to be recognized in that way along with your idols, you know is awesome. Share will always be Jenny from the block. Thank you for watching Nightline. See you on Jimmy tomorrow. Good night America.
"tj maxx" Discussed on Mixergy
"Dot com slash mixture d which act like four. Hours a month. That's all I need. All right. I see how things are starting to grow for you. The next big thing then was everyone right? Yes. Where your son said, here's the thing that we need. I wonder why you didn't say that's too low buck for us. We're not going to be in the rock band business. We are in the high end beauty business because the high end duty was never really are saying. I mean, EEO is very high quality underpriced either you premium product and we always wanted it to be packaged and presented in a way that the value of product was actually inside and it was pretty quiet on the shelf. And we built a cult following away over the years is it just was word of mouth or you know, to rip out from where we showed up, whether it was an excellent or Tessa HARA, Apollo or your over studio or. Were at a food, and that was a very straightforward time to grow that way. And then with the general market meeting the wellness market, which is, you know, edited that how met happening. It seemed like we were very well positions with capacity to do something bigger if we could engineer in a way that fit in with the things that we were doing. So we did at that time, some business with TJ Maxx, marshalls, some special projects. So we knew that we could do the volume and the pricing. So as a pretty. Deliberate intentional segue. Everybody who didn't know what would happen. We just knew that if did happen and and if it did grow up, we could. We haven't capacity infrastructure in place to to meet it and and we have a main idea there was we're gonna go lower price, but still high quality still this no GMO on the back of the package. When I when I stand in the shower, I see all the things you guys don't do testing on animals. I think. No, this, no, that none of that really like I feel like, okay, I'm good. I'm gonna. I'm gonna live a little bit longer with the, so at least I imagined I will, but that's not what drew me in it is what draws you win. It's withdraws the clients in like, you know that the end users are not like me. They're more of the people who want this healthier Sophia. I actually think for everyone it's different. It's it looks good successful. It's easy. It's convenient. It's like practical natural. And when you look at the mainstream products that are like it or similarly price the very mainstream when he attracted to that package or what they're saying in the greediest or are not according to our charter. So it's a very different philosophy in terms of making yet, and we realized that we could use, you know, less expensive essential oils and maybe not as sophisticated ingredients botanical extracts that we're using any. Oh, and still make a beautiful clean festival product. So we architecture was a little bit different than the ardent for design. And we were just so happy with the way the products came out in end. It was received that way in the marketplace. It grew very quickly. What about the do test? The labels do test the big message on the bottle from what I remember was three and one you could use it for shampoo soap, and I think bubble bath. One time. I think I saw shampoo soap and shaving cream. This is this testing. It's telling you this is the right label. Design is at testing this telling you people want this basic three and one type of thing. No, it's just you. Us, you know, it's a creative team, and I would say that, you know, we're just hired consumer insight person before team months ago. He's amazing, maisy and breeze. Incredible information. I is. It's been a transition to consider making decisions according to data when we've operated from such a gut level before, but it's not like got on that issue is sort of like that. But it's like unlike this, you like this to, you know, the thirty eight people that are working with or the fifty people or the fifty people in everyone's, you know, brother that the formulas it is and then you go to the buyer new, say, we have this idea. Here's what it looks like. It's going to be this kind of quality and it's going to be three in one..
"tj maxx" Discussed on Mixergy
"No, there was no up there until the I just knew when we got in the car that wear, how are we gonna replace this business and just keep it all going, you know, and this is the former, but h f are, but we still had you know, five employees in and. So there was a point there where it was like, get John just. Figure out something else and then. Buyer from TJ Maxx called us from out of the blue came over with like one of the the GM's from Austin, San Francisco. Clicking from new cool products in gave us a sixty five thousand dollars order. Emme just put that as a sign, you know. That's what we're supposed to in this. Took out alone just so you could make that product may sold. It kept going to good thing. You did a couple of years later, things really were much bigger. Wondering how you stay in touch with someone like TJ Maxx, how, how do you do that? Like I, for example, I have guests here mixture g. who I reach out to. They say it's not a good time. I, I could always come back couple years later than we do have assistant for coming back. If you would have said, notice for an interview would put you on this special system come back a year later, but I'm intrigued by people have ways of staying in touch. Before they have another sale before they wanna promote again or even frankly, even afterwards. What's what's your process for doing that for staying top of mind with TJ max? I think it's just it's really been about relationship. What is your relationship process? So. So I think we start with the value of really caring about the person. More than the sort of honest. Discussion in related process in it, it's just not transactional, and then there's, and through that, I think trust trust is. And I think that really trust is a film. Important quality in relationship, so so it's not a matter of just, you know, call. So until this check in, it's really sort of purposeful communication or haven't heard from that person in a while it would be check in so make you checking in and you. One thing that I've been trying to stay disciplined about is whenever I get on call with someone opened up my contact book and make a note about what they told me. So if they're going to Spain, I write down, go into Spain. If they tell me that they went backpacking through Europe when they were younger, I do that Knepper little Asterix that I always noticed that. And then the next call I try to check in on that about their trip to Spain or touch back from time to time in some they said in the past that's helped me. Do you have any tricks like that? Any techniques like that? I don't really kill choose natural. You dressing up the phone ago. I remember you know, the the key relationships that I had that I've had for years or just starting or whatever. A sort of remember the basic. Of the feeling of the connection, and then that sort of carries the day, and then it's pretty intuitive. But I think it's a good idea if you don't remember, don't do make whatever helpful you need so that you can pick up way left off and there's no sort of awkward pause, or you know, the, it's it's much more relaxing for you, which is where the initiative at it's okay for you. You're talking to sales to to buyer to check in what every six months or so whenever feels right in say a, here's what we've been working on, we think you might find it to be a good fit. That's just it is now no more than that. I think that it's, you know, we've always had a list of buyers that we said new products to send information to catalogs ended. We've had various forms of a customer service in sales in house that have caused on a regular basis in the state had probably Miceli. Our every three weeks every three weeks they call in to check in on on. Yes, even if they're not a client is they're not a client probably every six, if our client, it's every probably two. Three. Okay. There there isn't mechanism because you never know when opening is when that time in Houston. So. Just like showing up. Just as an having the tension that really wanted to kiss and an why not to a transactional ages concealing relieve, there's fit it. It does come..
"tj maxx" Discussed on The Dan Le Batard Show with Stugotz
"Oh my god so st after party hero for all times was something dumb i did yesterday sir it's not related to basketball so i was walking out of tj maxx and i was on twitter looking at my phone yes great value at tj got tremendous if you pay full price for things your fool their marshalls tj maxx marshalls ross's little bit messier but burlington coat factory too many people get spot i've never been inside of burlington ami good deals man yeah but it's not called its cofactor but there's a lot more than coats and bruins i actually dropped the coat factor i think now it's just burlington which sounds just so many anyway so i'm on my phone looking at twitter and chris made a point yesterday about microwave ovens being better than microwaves or toaster ovens whatever it was and and someone came back and i'm saying that they couldn't heat up some some like soup from chinese restaurant in a toaster oven so i was looking for the best gift to like respond to that and as i was doing it i wasn't paying attention and i fell off of a curb and i was wearing my sandals and almost got hit by a car and i scrape i scraped up my knee really really bad and it still hurts today and i realized how dangerous texting is at that moment texting and walking yeah i kurban almost got hit by a car and my knee was all bloody and imagine if i would've been driving a car while i was doing billy i told you a story couple years ago where it crossed in new york city street and got hit by bike because i was texting while walking the playoff to like if i didn't just do it but yeah and twisted my ankle so guys be careful with texting public service announcement.
Active shooter in Panama City, Florida
"tj maxx" Discussed on KELO
"Point they have free delivery over forty nine dollars everybody knows the theme song and so it's just such a popular destination it makes sense that they might be exploring opening an actual physical store where people can go and look at the furniture because it's so hard to buy furniture online people still do it and so apparently the boston business journal has been reporting that wayfair which i believe is a new england company they are looking at a soon to be closed marshall store in the boston area to test out this essentially it'll be like a pop up store and so if it goes well which i think it will this is one of the cases where i would actually be a proponent of opening a brick and mortar store so if it goes well we could end up seeing wayfair stores opening around the country and possibly even being bought out by marshalls or tj maxx or a larger company like that but think they're trying to keep up with amazon which everyone is but this is the one this is one area that they really do have a leg up on the competition with with selling furniture tj maxx owns marshalls and they've started a new they've got two or three different things going on in these malls so they've converted some of the stores that are marshalls stores into tj maxx or they've converted them into this new rigor kind of thing they sell gear and so they could be very they have lots of cash and it might make sense it's interesting they're very good merchants so it'd be interesting about homegoods which everyone is obsessed with homegoods tj maxx and right and homegoods is almost you know online business it's all brick and mortar so wayfair definitely there's a precedent therefore so good move number four and i waited number one counting down the top technology stories here's bad news for delta fly liars a website thing it's the chat service so if you use an online chat service for customer service that company that provides that chat service they were compromised so you may want to not use chat services with.
New Video Games Out Today
"Yeah i did it did it for you i agree commenters out today a should tell the games let's get started bacon man and adventure our windows bravo team on psvr dj max respect on playstation 4 tj maxx franchise favorite amman uh fear effect said on ps4 xbox one windows and switch final fantasy fifteen royal addition the game that will never stop coming out on our position for xbox one and finally windows because he had a lot of catching up steve to get that titled from skyring mckay true very true but something tells me they're going to keep try we're going to gun for a frantic six on playstation 4 which i don't know what that is but i'm hoping it's just a story of friend mirabella's antics in his daytoday life is strange before the storm on playstation 4 and xbox one the retail addition disc whatever midnight deluxe done with that is but sounds dope on opposition foreign vita north on playstation 4 xbox one switch and vida randy on playstation vr scribble that showdown on ps4 xbox one and switch super seducer on playstation 4 and pc this is gave that obviously us listen to my i need to look this up is what the what could that be at is somehow croupiers at abacha that seized the biggest pile of garbage i think i've ever seen it video game there is some of this a really bad games out there clearly the st marketplace hus has some trash the eia wes in google place stores have a lot of trash even nintendo switch ps4 xbox one have have have trash and their marketplace's now but this is like the thing that really bothers me the most about this game is that they won't stop email any press releases about it after i specifically said i don't want to play your game i'm not going to talk about your game dear announ fucking talking about their game the offense it's it's weird because i i just don't understand the tone news of it works like this there was a time and place where this game who've come out and then acceptable the didn't mean it was rights but they're like when you've got to the bmx xxx era right and things like that where it's just like you know what anything fucking where is this kind of.
"tj maxx" Discussed on The Combat Jack Show
"Go find it ma'am dumped travelling the globe for sneakers telling people why is important to go tracked down sneakers when they go on clearance at modell's with tj maxx or wherever that's the love part of the game finding that spot that spot but you can't find a spot if you not on the ground you just sitting behind a fucking laptop or sin on a phone sometimes you nut you know irl for the for the new ids centers on the eve at for everybody thus in real life use url you used that url to find a website that she was going to both an ira man i met reggie at a spot of cold belmont lounge um a for urban plaza an metal would do when i meet him on purpose it i'm just the evolving because of roofs with his plan remained good thomas plan spinning in register to citing us you i know you mumber a might yet but i think i'll know you is a non no you mumber i'm a year below all right thank you all know you he's a kid dallas what who fought as off of you send combat and i was a word the combat jack the person who was telling us these incredible industry stories these like real life stores placing himself in a time in new york that i was familiar with but he was in front of the fucking velvet robes a he was in the vip section so he was talking about places i was at this point that he's talking about the he's with the artis he's up in the vip he's seeing it from that perspective from from the artist is doing.
"tj maxx" Discussed on $hit Could Be Worse
"Which is true big as that sexists to have a coup fucking wednesay for women and not for men because a women's fucking extralarge is like a man's mall in walmart so it's just it's just unfair and i think you should jump on the the boat with me and stir boycotting walmart i'm going to uganda walmart like two times a day not by fucking choice i'm ragged thereby eric drag antiarab dad left here and you're like they were gonna go walmart if i'm out of marshmallows that's about it because you can only by marshmallows at will over there ties stuff at tj maxx way why are we not tj maxx is this ataur ed way way a shakeup art marshmallows a target i love to take a selection of foodstuff i love market food shit is a crappy selection two guys never going to ask be something do they have left you know not down here in the house that swagman may examine gets a grocery store i would never eat anything from a place called no actually i feel like you would love way would love wakeman sounds like the the cancer ward with these cancer now they have like a lot of like a lotta selections two items i feel like we would take mirisho now wakeman's raimondo was madonna has no no this i guess is that brought to you by wig minutes but it is brought to you by other team clothing dot com and dagger it ends not boegman district thirteen club com get all your brand new low life scare you can get all my merge you can grab a bunch of shit there guys they get hats beanies sugar gliders you can buy.
"tj maxx" Discussed on The Ken Coleman Show
"More affordable way we redecorated a living room completely how do you do that from just like tj maxx and marshall's and and a big thing too is i think what people think of the dave ramsey brands masasi people that the more negative side of it is that it's cheap and it's like oh rice and beans beans arise showed that whole thing it'll editor yeah the beater car guy editor and all that is true right sacrifice to get out of debt and that's a big part of what day talks about the people associated that with the longevity of someone's life that if you have to be wise aplenty you're just cheap and stingy and only shopping at goodwill and i'm like no you can live a great as a woman you can feel great have a great house you know be able to cook great meals and do it do you know be a woman and tim saying and i am not feel cheap constantly like you're having to like pens every single penny so how do you get there and when you're there how do you do it wisely well i think obviously racially gives people a little bit more hope because they go k there might be some beans and rice in the beater for awhile yeah there's a say there's a season sure but you can come out of that and actually look nice you'll have a nice looking living room eight healthy food nutritionists nutritional food that's what i i think he's really great because like okay doesn't have to be the end of the world we don't have to be embarrassed and skulk about gas while getting outta debt that's what i love about what you're doing and it really is uplifting yes i mean you have a lot of fun on their i've seen asia it's very fun and i would normally watch that show because as you know i'm not a 35yearold woman so you know i watched it on your it's really great it's really good show by the way uh she is rachel cruze jersey here on the can komen show rachel cruze dot com is where he can connect with ron everything but again we've been talking about the reach crucial youtube just search rachel cruz as cruz eve your unaware of that and by the way is.
"tj maxx" Discussed on Bloomberg Radio New York
"The success of tj maxx and marshall's and style the rugby today are really bleak uh negative 4 percent constitute a quarter revenue down six percent uh they're in trouble uh uh ecommerce for a long while that made some stride spent some money to to write that and now the company does both there's a brick and mortar stores of course them there's an online presence that's sizable as well why hasn't macy's may to a thread that needle in the same way gene going plant right now talent when they buy they bought it co 2 uh mark logged who the sharp doodles thinker and has become the leader of their broader ecommerce business man he has been named created in different ideas walmart up to make it competitive i think nieces hasn't had uh that same infusion of talent now they just brought on a new president named howlin with deep experience it ebay and maybe we'll start to see some green tea is really able to dig into the business could be one of the factors between macy's and walmart right now oh god we have an dark at the door of a macy's in a while if i go down the acclaimed wooden escalators are up for that matter it herald square there's got to be a sense desperation how import as this holiday season uh nathan cash within the planned for next year how can a very important interestingly meeting did not change with the guidance after having a lousy quarter relative amount of bullish on their part about holiday and there are a lot of good fundamentals there that suggest that consumers should be ready to spend unemployment rate consumer confidence is high gas prices are high of big picture basis fundamentals are there for authors to spend it the onus is just on macy's to get a piece of it i'll pick a role is is a real estate playing a sees health at this point i never talking with retail analyst at the prospects for the big herald square outdoor what's with the religious people uh ththey are generated seven hundred million from telling abc a union dag game francisco on it working on option for its uh several floors of its chicago store right now certainly then away a free up cap and you're absolutely right through herald square stores.
"tj maxx" Discussed on Bloomberg Radio New York
"Other retailer and it's fifty percent off and then you go back a week from now and the stuff is completely different and and it's other great stuff at other great deals and and you have to keep going back to find out what's on that's not really the same thing that amazon has traded do by offering get a really good products the same time sense of consistency low prices and whatever so because because someone like a tj maxx is doing something completely different you know creating this sort of uh a treasure hunt idea i it's it's not really competing against amazon so that's that's that's how they're able to get it done so have you been fine tj maxx shares in when we we we we have it's been it's been one of our favorite stocks for years the stocks done really really well um but but you know absent from the portfolio have been the the toys are us in the macy's and the sears is in the jc penney's in the companies that that are you know our our are just flailing trying to figure out a way to compete and they've been doing a poor job rather than thinking or trying to think about what retail is going to be like in the next you know year five years is it useful to look at the inventory carry of retailers because traditionally they carry a lot on their books they'd have to finance at one way or another either they would what the vendors would but now with the amazon model you don't even have engine tori really well and that's the great thing about about online you know having just you know you can move stuff through warehouses that the problem with with inventory builds for traditional brick and mortar is suppose your buyer suppose here she did a poor job and they've miss you know you've gotta a.
"tj maxx" Discussed on Pop Fashion
"I mean, it's an interesting take on the problem because you really are trying to solve two problems at one which is pay your people who make the garments. And then keep up with prices that people expect and it's just a no win situation. This LA times article, really. Brings light again that you can get stuff with a man USA label. But it doesn't mean that it's okay. Because once again, fashions left handle more the right hand is doing you should be able to know what the right hand is doing it. If it's right down the street from you, essentially if it's in Los Angeles and everybody's like, oh as ethically made it's made in America. But you're people aren't even getting paid minimum wage. There is a problem, especially because you can talk all your way around it. But when it comes down to it, you're not meeting minimum wage of people in our own country. Yeah. The one woman who is a subject of the LA times story is a woman who, you know, brought her case to this group that's helping garment workers they said bring us as much evidence as you can. And so she brought tags the tags that she had been sewing on the garment the garments that say like what store they're going to write. And she even said like forever. Twenty one came and picked up the stock. Like, I talked to the delivery driver and these orders have like forever twenty one bags on them cetera et cetera. Like, basically, the Justice Group is trying to get forever. Twenty one in a corner and have them emit some sort of responsibility in this. And so they brought these complaints forever. Twenty one and forever. Twenty one pull though we don't know her. They were like the tags could have been picked up off the floor somewhere. And they were like, well, she doesn't know the name of the delivery drivers. So clearly, he didn't exist. So it doesn't matter if we are not ethically sourcing materials as long as the shipments are being made, and we're paying apparently it just doesn't matter because we're just paying the Bill, and it doesn't matter what they're doing inside their factory pantley. They're not wrong. But it is unethical. Yeah. And really what it comes down to. It's our responsibility because we are turning around and demanding those prices, right? The department of labor investigated Seventy-seven, Los Angeles garment factories, by the way, this was last year workers are working ten hour days on average and third making on average between four they're making as little as four they're making on average seven. So they could be squeaking in with that federal minimum wage rate. But one worker who was making TJ Maxx clothing and a factory made as little as three dollars and forty two cents an hour. This is bullshit. Yeah. We can't absolve ourselves from guilt. If it's made on America, that's all to the bottom line. Right. So it's the garment worker center that is working with garment workers who feel they've been wronged to put up as much of a fight as possible. You know, a lot of. These people are working hard and don't have a lot of resources to be able to speak out. So I'm sorry. That's like the huge bummer story of the week. But it's so important. It's so important. Yeah. We need to be aware. You have to know that if you're paying that much. You get what you pay for well that somebody's hurting out the other end, right? You're causing a world of hurt. Maybe not another line from the big lebowski. I don't know is it. I think it is. I've never seen them. Are you serious? I know how God I might have some time to catch it this weekend. But are on the list. Changing subjects who this story. Lisa. We're gonna talk about lipstick Broadway at a company called lip sense. I love two of three of those things. This is a story from racked by Rachelle Perry. It is amazing go and look it up. This has to do with multi level marketing, it's called M L M for shorts. Think of companies like Lou the row Mary Kay. The definition of a multilevel marketing company is a strategy that encourages distributors to recruit new sellers by paying those sellers a percentage of their sales..
"tj maxx" Discussed on NFL: The Dave Dameshek Football Program
"To i know they want to go with the white helmets but in the meantime now they still have the weird gold in it's a different color blues old and the and then the pants have a different color blue stri bonded as i said before it really looks like hey let's let's get to tj maxx and cobbled together a halloween costume is yet i know what it looks like i would have to be top girl in that are let's get the tj maxx we get outta maxine easter we we we we can all i i'm i i got no we marshalls and tj maxx but i i do if you're a pro football team you should be better put together than uh than what the rams have a private jet nine the other thing is to i thought the coliseum sad to me i i that i the coliseum it's got some history and everything else it's kinda neat when you're inside of in the the like a quarter that while i like when they liked the torch at the end but now i mean my no monitoring which reporter what's cool is that thirty thousand going gonna be nuts your act it's going to be every at that funny outta that'll be a you wanna christmas gift toubon the if if all goes well raiders chargers new year's eve will be the christmas gift or holiday gift i should say whatever holidays you celebrate if in fact those two teams are on a trajectory to them out for the games in whisk laver blow isis ever pillow i didn't even say it so clever play for me i i agree i say i think the chargers are going to do well i don't think it's an la phenomenon even though the rest of the country would like to attribute that o l a knee array once they're all front runners there why everybody likes winners and i think the chargers will be better than the rams air go they will be the more popular team i wonder they'll they'll have such a stranglehold on it that the rams will be in a weird ibm.