36 Burst results for "Tom"
Fresh "Tom" from WEEI Late Night
"On home insurance with progressives. New Home Quote Explorer on Lee at progressive dot com. Some incredible information and insight, especially if you want to invest. With professional sports in professional sports in these games like the one we're watching right now, where Utah 88 62 over the Los Angeles Lakers and you're sitting here sweating out the over Alex Caruso clanking off a three unlike in the video in the commercial of him on man escaped. He was what in everything on the commercial from manscaping. Goodness gracious, He didn't miss any threes there. Bill Schmidt. My guy, Andrew Carlson is on the other side in 10 minutes from right now. This just came across the wire of Roy Williams. North Carolina basketball coach losing it on a question It's classic. We're going to bring that to you here on sports map radio as well as Jason Light. Damn Bay Bucks. General manager had the answer if they're gonna pony up for Tom again. Yeah, that's in the next hour of the program. Keep it right here in sports map all night. Forever stuff. I got to see the Jets do something with all that money for once. Now, all that talk about watching the Jets Donald and Quentin Williams for Shawn Watson. I don't do that deal. If I'm the Saxons. Why would you trade a great quarterback for an average quarterback? The Jets need to go out and get some players. I mean, draft Smith, number two. I mean all they ever do. The test is losing fail, if around coast to coast with Scott for out. Weekdays from 4 P.m. to 6 P.m. eastern. That's so touching the odds with Matt Parole. I'm never lost for words. I am at a loss for words right now. And what just happened in what Just came out of Vegas. Golden Knights have just announced that they have in official sports pick service. What in the Holy Hell is this? This is horrific. There's an NHL team now in bed with a tout service. What are you doing? This.
House Committee holds hearing to address threat of domestic terrorism in America
"Domestic terrorism after last month's attack at the Capitol, Texas Democrat Sheila Jackson Lee said White nationalists are the main reason for domestic terrorism being on the rise in the country. She called it a clear and a deadly threats. The FAA
Johnson & Johnson's single-dose vaccine is effective, FDA says
"Today says Johnson and Johnson's single shot Corona virus vaccine Meets emergency requirements. ABC is Mark Rommel are joins us on the co Moh news line. What's this going to mean? Mark and how effective is this one shot vaccine compared to the others? Yes. So this is another step in the process of getting an emergency use authorization for this. The FDA and then they're scientists of essentially looked at the data and said exactly that it appears safe and effective. Now it will go to an independent review board on Friday who will scrutinize the data and make a determination or a recommendation to the FDA about what they think if they think that this vaccine should be approved or given some kind of Emergency authorization and then finally, the decision rests with the FDA to make that call. But what we understand from the data from Johnson and Johnson, as well as what the FDA said today is that there appear to be no major safety concerns with this, that the common side effects or what we've heard with other vaccines who like beavers, fatigue, headache pain at the site of injection, and then it's 66% effective overall at preventing moderate to severe Cove in 1985%, effective at preventing the most serious illness from Covert 19. And so while that does not reach up to the levels of the fighter and Madonna vaccines at 95%, effective at preventing you from getting covert 19 that even in and of itself could be significant in reducing strain on hospitals and the health care system, Because even if people could get this one does, and you know, maybe you get mildly sick from covert 19. That's still a lot better than ending up in the hospital or potentially dead from covert 19. So it does appear to meet the standards that the FDA is looking. Before in terms of safety and efficacy.
Goldman Sachs CEO slaps down 'aberration' of remote work
"All in one. Well. Many companies, especially tech firms are planning to make remote work permanent. Goldman Sachs. Once people back in the office CEO David Solomon considers all virtual connection and aberration that interferes with proper collaboration that innovation, especially at the intern and apprenticeship level during a Credit Suisse Virtual Financial Services forum, Solomon
Putin warns of unnamed foreign efforts to destabilize Russia
"Agency to redouble its efforts to address what he described as Western attempts to destabilize the country. At a meeting of top federal Security Service officials, Putin pointed today at the so called policy of containment of Russia. Charges that includes efforts to derail our development. Slow it down, create problems alongside our borders, provoke internal instability and under by the values that unite the Russian society Cos time. 9 47 a new survey
Romney, Cotton propose $10 minimum wage plan
"Two Republican senators making their own pitch to raise the minimum wage. Here's correspondent Diane King Hall, Senators Tom Cotton and Mitt Romney are proposing a bill to raise the federal minimum wage. 10 bucks an hour. The proposal would hike the wage from its present $7.25 an hour to $10 an hour by 2025. That amount would then be indexed to inflation every two years. Would also require all employers to start using e verify to ensure employers don't hire undocumented workers. At least 22 states have a minimum wage, said it's $7.25 or do not have a
Frances McDormand Explains Why She Turned Down Press Requests for 10 Years
"Okay. We're going to move on to actress. Frances mcdormand so. She just made this bold confession. She says she turned out interviews for ten years and chance. Good recent the oscar winner told the new york times. It gave me a mystery back to who i was. And then the roles performed. I could take an audience to a place where someone who sold watches or perfume and magazines could not ooh that she a pull that off. Talk to me like with the studio. And say i'm not going to do any interviews. Well that is interesting. But you know who was famous for that trend's prince dude and that's why everybody loved him. He was so mysterious. He's one of the most mysterious unicorns ever. That's why i always say. I miss the days of times when we didn't know every single thing about celebrity. It's the reason why tom cruise came up and came up so hard. It's the reason why. Julia roberts has survived for so long because they gave you that. We didn't know about what they were eating about. What was in their frigerator as we didn't know where they were on vacation. But you also have to just remember that. This was years ago was ninety six when she started this remember. We only had the rag magazines and we had the big magazines and television shows. We didn't have all of this social media so now that's why everyone is putting everything out about what they do. Were like okay enough already. I don't do. You said about the scenario so i i think it was brilliant. Does it do you think they're still shame because to me i. I don't care if if i see a big celebrity coffee or watch or on a magazine cover. It doesn't really lowered their celebrity to me. I still value their are. And i don't mind seeing them in the movies. That doesn't distract me. Dad there's an opposite there's two sides to every story because there are some actors who look down on other actors can't get those endorsement deals. Who aren't you know making that extra coin but i think for for francis and garment. This is about her craft and she never wanted her craft ever be. I don't wanna say soil because it's not really solid but she didn't want white diamonds but i'll hawks. I'm white. i'm here for a chat about the art and her choices in the character because her first come out character was what fargo was in. That was a big deal so in order for you to maintain that you have to pick roles that bring that kind of eat. Attention or people is hollywood.
Republican senators pitch $10 minimum wage
"Senators have a plan to raise the minimum wage to $10 an hour Senators Mitt Romney and Tom Cotton unveiled a proposal of gradually increase the federal minimum wage from 7 25 in our 2 10 bucks by 2025. Member wage would then be indexed for inflation every two years. The current covert relief bill proposed by Democrats raises a federal minimum wage to $15, an hour game
Tiger Woods ‘Responsive And Recovering’ After Suffering Serious Leg, Ankle Injuries In Los Angeles Crash
"Representatives for golfer Tiger Woods say he is awake and recovering from surgery after a serious rollover accident yesterday in Los Angeles County. NPR's Tom Goldman reports, Woods suffered severe leg injuries. The statement said. Tiger Woods had a long surgical procedure to repair seriously injuries, including fractures in his lower right leg and ankle in yesterday's early morning crash. Woods SUV was traveling at what the L, a county sheriff said, was a greater speed the normal when it went out of control on a sweeping downhill curve in a hilly area outside downtown L. A Sheriff's deputy first on the scene said Woods was lucid and calm and there were no signs of impairment from alcohol or drugs. The car rolled several times during the crash, but the interior cabin was largely intact. That and woods wearing a seatbelt, authorities said.
New Law Changes With Tom Black
"Hello and welcome to your retirement solution with tom. Black good morning tom. How're ya. I am doing great. It is a beautiful day with lots of opportunity absolutely happy new year by the way. This is our first recording. You and i in the in twenty twenty one. Yeah it's going to be Should be really interesting year. I we it has to be different. I don't know better but it has to be something has to change. I'm i'm really hoping for better and speaking of changes you're talking about that today a little bit. We're going to talk a little bit today about Proposed changes under the new administration and things that people ought to be thinking about nassir panicking about yet but just thinking about because of the lightning what we could see some changes dealing with the last couple of years all right and what kind of changes are we talking about specifically today. Well there's there's kind of a basset of multiple different ones. We've you may or may not have heard about the we're going to be seen some increases in taxes or some individuals and some of that depends on what happens with the so called trump tax break of twenty eighteen. One of the things have benefited everybody. That was included in there was a was the twelve percent tax bracket and that's been really beneficial to absolutely everybody who pays taxes and they're talking about on reversing those trump those tax bills. Which would mean that all of us. Potentially you know three percent more in taxes. Ghana still up on. These things are all in the air. But that's one of the first things we look at. We started talking about. How is this going to affect all of our clients in general or just individuals in general taxes. And that's the first thing that i was thinking about the other. Now that we know where georgia falls is that we could potentially be seeing other attached changes that can affect how you've been planning for your retirement or for the passing of your assets the next generation one of the ones that i am most interested in keeping an eye on for our clients is somewhat People either they've heard about it. They have no idea how this works. And it's called a step up in basis that you heard of this before i have but i don't quite understand all of it okay. So let's start with that with the basic idea. Let's say that Your parents bought calf dozen stocks in the sixties. And and they've held them ever since then. Well if your parents died in leave you those stocks you might be able you would be able to today. Turn around and sell those and pay no taxes on the gain you know. Maybe it's a million dollars with the gains okay. Yeah yeah yeah so i. If my parents were to sell them they'd have to pay yet. But if i if i inherit them then i don't that's correct. Well okay. that sounds good basis and you imagine people who are retired been retired for a while. who have some of these positions stock positions. If up well hail hold onto it. And if i die owning my kids will have to pay taxes on part of their narrates not a bad strategy. If you didn't need the money yeah problem now is all we're doing now is kicking the can down the road because if that does get refilled and that is really high on the list That can change. How you're going. You know how you plan on passing those assets so the kids. Oh yeah yeah. Yeah yeah and i was gonna say it seems to be almost a double edged sword there. Because if you're saying that they may change that and then if i in twenty years let's say i passed these stocks down to my kids and they have to pay taxes on them. We've we've already kind of seen the writing on the wall. That taxes are most likely going to be higher because we have to pay for all the debt that happened this last year with kobe. The relief and everything else in the trillions and trillions and trillions of dollars so that really changes the game not only does it bring those taxes back it. they'll probably higher. Don't you think absolutely. Oh boy i had this conversation with one of my clients In december and and in that situation they had About two million dollars in capital gains. And what was trying to get him. Understand was the taxes weren't going to get any cheaper and and we were better off to take the beating at which is approximately twenty four for them would have been about twenty four percent in taxes taxes any real by the stocks back but if pay taxes on it because it won't be cheaper in four years to pay the taxes mondo stocks if the gains continued to go. So it's it's a lot more complex than than just the the idea that you're right. It's going to get more experience so we know it is. It has to yeah not even last year. I mean we've been we've been spending money like drunken sailors for
Pfizer and Moderna ramping up coronavirus vaccine supplies
"Million americans have received. At least one vaccine does while hospitalizations continued to decline now at about fifty five thousand and today top back in makers were grilled about. Whether they'll be able to deliver the doses. They've promised. Tom castillo has more with the fda expected to grant emergency authorization for johnson and johnson single-dose vaccine within days. The hope is that vaccine supply will meet demand within months so far nearly twenty million americans are fully vaccinated today. Congress asked all five vaccine makers for a status report in current production levels. Are you going to be able to meet that deadline visor. We anticipate that we will be on track to deliver those three hundred million doses before the end of july moderna. Three hundred million by the end of july. We do believe ron type to meet those deadlines j. and j. As soon as next week we are on track to deliver that. What does this by. The end of astra zeneca not yet approved. We'll deliver the three and a million auto novak's not yet approved. We would be prepared by the end of june To produce that hundred million doses all of those doses could lead to a vaccine glut in the us. Meanwhile la's mass vaccination sites are back up and running after being resupplied and several states are now prioritizing teachers including california oklahoma tennessee and connecticut. In new york eighty-one people who received shots have learned. they'll need a third shot because they're vaccine doses had not been kept cold enough though pose. No risk vaccine makers say. It's still not clear. How long vaccine protection less. Unfortunately the only way we will know about the duration of protection is overtime vaccine makers say that's why they're looking at new booster shots that may be required for years to guard against new virus. Variants
Biden and Canadian Prime Minister Justin Trudeau meet virtually
"To foreign nations democracy could still deliver for our people. A lot of leaders around the world are trying to make the argument. Autocracy works better, Trudeau says. Like the US beating Cove, it is top of mind. Good job Americans, which could bring up the Keystone XL pipeline. Trudeau wants to proceed. But Biden canceled the project in his first days as President Fox is going all Scott President Biden's pick for AG secretary getting a green light from the Senate today. The city Overwhelmingly approved. Tom Vilsack is agriculture secretary voting to confirm him
Tiger Woods in hospital after 'major' car crash, undergoes surgery for multiple leg injuries
"15 time. Major golf champion Tiger Woods and 82 time winner on the PGA Tour is in a Southern California hospital. Three underwent leg surgery after a car wreck this morning. L. A County sheriff Alex Vienna, way of us is Tiger Woods is lucky to be alive with serious injuries to his lower legs. Vehicle travels. Several 100 Ft. From the Center center divider. Deputies who were on scene say Woods was conscious and lucid. He told them his name and was talking to them. They say he didn't seem concerned about his injuries, which may have been a sign of shock. Now the investigation is underway to figure out why he ran off the road. Alex Stone, ABC News, Los
Delta flight from Atlanta to Seattle diverted over engine issue
"Warning light indicating a potential engine issue. Activated on a Delta flight from Atlanta to Seattle. The plane landed in Salt Lake City out of an abundance of caution. The 7 57 has Pratt and Whitney engines but not of the same model engine that exploded in flight over Denver. Federal investigators there are looking at potential metal fatigue and that Pratt Whitney engine where to fan blades came off on a triple 7 200. Airplanes with similar engines are being inspected.
Security officials blame intel failures for Capitol riot response
"Has held a joint oversight hearing on security failures during the January 6th attack on the U. S capital and crew into margin is covering for the Washington Post and spoke with Cuomo's Taylor van Side. Part of the investigation is rebuilding how that day unfolded. And who knew what when so, when it comes to Intel about the riot and what different groups planned. What did we learn? Today was thean tell there but not distributed or what happened. Well, it seems that there was a different an assessment of the House European tell Woz and also some Uh, things connections really. The former capital police chief, the former sergeants at arms All said that look based on the intelligence assessment we had. It wasn't that different of a set of warnings and what had been to the mega rallies in November and December. And so we just decided not to. Not to. What we were doing was completely legitimate. In terms of a response for what we had been a loaded with plan But then there is this genuine stiff warning from the FBI that people that are coming or prepared for war basically. And that goes to the D C police and to the Capitol police via an email. And it never gets passed up the chain because it's an email. They're not looking for any male. And so you saw the officials today saying, Why didn't somebody call us to tell us if we would have actually maybe changed our response to it? So it's a question of you know where things properly. Flags raised up the chain was the intelligence quality. And then you also had an insinuation by the current D C. Police chief and the former capital police chief. If there's a problem here at the get go, which is that the intelligence community does not see these, um you know domestic terrorists, white supremacist groups as enough of a threat as they should. It actually flagged it early enough, and faith. This is more dangerous than were. You may think it is. Optics is a
Jeff Blackburn, a close Bezos lieutenant, to leave Amazon
"Bezos inner circle at Amazon is leaving the e commerce giant senior vice president of business development. Jeff Blackburn has been with Amazon since 1998. Blackburn is not retiring. But he didn't disclose where he's heading into.
Chelsea Flying High
"In sedition of espn don. Tom shown in the today by craig burley later. On in the show yanan shocked overheads reflect on by munich. Absolutely destroying laczi. Today we start by welcoming frank. Leboeuf an finale moreno to reflect on chelsea's one victory over atletico madrid and libya asia ruins brilliant. Okay vice cocaine proving to be the difference between the two sides prayed overruled chelsea deserve this. Oh absolutely and since tickle has commended as being a possession game and sometimes that has been a little frustrating so we can possession of gale in the final here. The chip to win chipped away at a little narrow during the game. You know particularly in the first half when it was like everyone was trying to through metal where vale mount planning inside trying to get the win bucks forward and it wasn't easy because at one point i said to you look at madrid. Six across the land up so it was no easy and behind but in terms of an away performance in europe or in spain but no way performance for chelsea against the league doesn't laliga always going to be a tough nut to crack and the still we'll be in the second leg. I thought it was a very very good performance. When you consider what many high to do and go nothing nothing bletchley literally nothing early on both fezzan across a bud touched from him but as for the rest of chelsea were extremely professional and are for clinical madrid. Were extremely poor.
COVID In Philadelphia: Health Commissioner Says ‘It’s Likely’ Some Fans Could Attend Phillies’ Home Opener
"There could be fans in the stands for the Phillies home opener April. 1st is one of the most optimistic forecast yet. Filled up his health commissioner and joining US cable to be City Hall bureau chief, Pat Lobe and Pat certainly good news that fans have been waiting for. Yes, And this is all because of more good news on the city's covert 19 situation. Cases are averaging 219 a day Now that is an 80% drop since the peak in late December, and the reason behind that is not the vaccine. Not enough people have received it yet, but it's a sign that it's following the same pattern as other respiratory viruses where they peak in the winter, and they get better in the spring and summer. And so it's a sign that things will continue to get better and better. In the spring and summer. And then at that point, there will be enough people vaccine to prevent kind of backsliding that we saw last fall. At least that's the forecast. So far, there are no guarantees, and they're all these variants and Lots of caveats. But the health commissioner says with things improving this way, there could be fans in the stands for the Phillies film opener. Now he's received requests from other teams to see a fence can begin. Tol attend games in person and for the indoor games. That's different because Dr Tom Farley, The commissioner says that the state really has control of that The city can't be less restrictive than the state. And so they're going to have to have a conversation with state officials about whether or not the Sixers the Flyers can have people inside to watch. But for an outdoor game, you know it could be springtime in the metaphorical sense, as well as the actual
Spotify to test paid podcast subscriptions this spring via new Anchor feature
"The anchor podcast hosting platform partnered with wordpress to turn written content directly into podcasts. No more sarah tom. We'll just be right at all wordpress and pushing it out. That way anchor will also podcasts. Creators more easily at video directly into podcasts similar to functionality that spotify gives musicians anchor also getting into integrated polls qna features.
"tom" Discussed on The Tom Dupree Show
"Just nothing else. Put your money in You know the all the rules that i grew up with in this market. They just don't seem to apply as much today. Now you know supply and demand still applies But demand Well and that may be function of as much money. We haven't created as many stocks as we have dollar sh- and Or bonds and They have chased it to where In yielded nothing anymore. Much right right. So i mean you know i it's There will that at some point. Create inflation well. We've been thinking it was going for the last really since the financial crisis that's been twelve years in you know we haven't had any inflation much in twelve years. There hasn't been any right. And i think it has to do with the destruction of debt that occurred during the and which is deflationary came off the balance sheet. And i think i think too. I think that the has become very very complacent with inflation. you know. I think that The toilet paper but the toilet paper pandemic of yeah march and april. I think that kind of opened some people's eyes to to what inflation can really look at your what sparsity can really look like. And i just shortage as well. Well you know what the key to that is us leaves. Oh yeah don't you. Just don't don't don't go the bathroom exactly but you get. What i'm saying is this is like a that was finally like you know something like that could be the tiny little spark that you need to think that kicked the whole no toilet papers are oh crap who'd be well. That wasn't supposed to happen. I don't know if there's a better time for me to jump in and after that you've been listening to the tom depress show coming to you from the debris financial studios on main street. If you like what you've heard you can find our radio show on podcast at anywhere. You listen to your favorite podcast. We appreciate you listening. We hope you'll join us next week. And i think. Christmas is in the air. At least it is around here so get ready for christmas. Go buy some gift cards from your local restaurants.
"tom" Discussed on The Tom Dupree Show
"Family man carolers. That's the holiday spirit. Speaking of which simplisafe home security is having a huge holiday sale. Right now you can get thirty five percents off the new system and a free camera simplisafe dot com slash holiday. That's thirty five percent off the system. Us news named the best twenty twenty simply say. Protect your whole home. Twenty four seven with monitoring by professionals the sale ends soon so go to simplisafe dot com slash holiday for thirty five percent off. End free camera today. This is tom depre-. If you've been listening to mainstream media you might have to use. Our new president has been decided and that there are no remaining questions but the facts are much different. There are ongoing legal challenges. Alleging vote fraud in multiple jurisdictions the legal options for those making those claims or far from exhausted despite media claims to the contrary if you would like to stay informed about these developments. I'd advise you to follow news. Max one america news network or room pandemic and the website of the eric metaxas radio show. These are good places to start get alternative views on what is happening and also be sure to listen to the tom. Depre- show on newsradio six thirty w. l. a. p. w. l. a. p. dot com from seven to nine saturday more apt because it ain't always wonderful stay informed at the top of the hour news radio six thirty. Ap other the one.
"tom" Discussed on The Tom Dupree Show
"Welcome to the. Tom duprey show. We've got mets davor from liberty counsel joining us this week to give us an update in the first part of this segment. So tom takeaway. We don't have much time. We have to respect match time. He's very busy among other things that they do at liberty counsel In helping people in organizations that are being attacked for their christian beliefs. he's also involved in the trump legal effort to Shed light on what occurred on election day and bring it to bring it to justice in. That's.
"tom" Discussed on The Tom Dupree Show
"For us for the first hour first half of the hour. That's the key that we need to wrap up the first segment of a special edition of tom. Depre- show with jim grant. We'll be back in just a few minutes coming to you from the professional studios on main street in lexington boy that was a mouthful back in.
"tom" Discussed on The Tom Dupree Show
"Turned upside down. Where the last luanne share. These wanna leave me. You can have no matter which party you claim lifestyle you lead or religion you follow. We thank those who've served for keeping us free to do so honoring their sacrifice. This veterans day grateful for their service news radio. Six thirty wwl. Ap hi this is. Tom depre- with depre- financial. Many people have four one k. You four zero. Three b plans for their retirement. Investment accounts in certain cases are firm can help participants in these plans manage their investment. This can be helpful because those retirement plans often offer numerous different mutual funds as investment options. And unless the participant an investment expert it can be quite confusing in this case. We put our investment expertise to work for you. The participant for free analysis of your retirement investment accounts called the pre financial group. Eight five nine two three three zero four hundred also. Be sure to listen to the tom to pre show saturdays from seven to nine. Am at news radio. Six thirty w. l. a. p. r. w. p. dot com that's depre- financial group at eight five nine. Two three three zero four hundred..
"tom" Discussed on The Tom Dupree Show
"Two weeks now. You're going to you know price probabilities well, you know there's a fifty percent chance this candidate wins or you know a sixty percent chance that the senate does this or or something like that same thing with stimulus. All the market is doing at this point and it's they opinions you're coming in on what the chances of stimulus and election results are. Once, you get more certainty around those things that's win fundamental step into play because I mean you look the stimulus this stimulus article is perfect because it talks about how? Earlier this week bank earnings came out and they were. Insane beats I mean that really really strong earnings from the bank. Yet they went down. Two and three percent a piece. Because They the news came out that yes. Stimulus ain't gonNA happen. Based on one days. Yes. Stimulus ain't gonNA happen. So then the banks go down. Right, though they crush their earnings. Their fundamentals are in a much better shape than originally anticipated right Now. So that's That's why when you look at historically why? Wa stocks have usually done. Well. After an election is just strictly because there's more certainty to pricings. Yeah and I wanted to what Dr says there will be winners and losers. So. Stocks or any Security Are always looking for. A pricing mechanism. something. You know to use pricing. One might argue. With the ten year treasury at under one percent. That PS. Can Be infinite in a sense because you know Becau-. Well because you. You gotta get it to where Not. Infinite. But. Could be higher higher because Warren Buffett always use the pricing model of. The ten year treasury plus x percent. In order to calculate what kind of internal rate of return he thought he could get on stocks. It actually doesn't bode well for. For future performance because. If With, an elevated price as is. You know it makes it. Hard to argue. For thanks to go. Higher. Right that's true and you know the end of the day I mean the market is forward-looking mechanism. So Lord interstates. You know should help when you're making your decision whether to buy stock or a bond. But as the market anticipating that interest rates are going to remain low forever. if that's the case and you could make an argument for higher and higher bees but. At some point, you know if interest rates do start going up what happens at that point? you know these valuations be justified at that point. That brings us to the end. Yet another show we appreciate you joining us. We've been listening to the Tom Depressed show with Dr smashed through Philip Sexton, and of course, Tom Dupree make sure and go to our website. If you'd like to find more of our podcast or you can find our podcast anywhere, you listen to your favorite podcast, we appreciate you listening. We're coming to you from the studios on Main Street. We'll be back next week tune back in.
"tom" Discussed on The Tom Dupree Show
"Another thing that people don't think about is this idea of working up to just X point and then quitting your best earning asset sometimes even after quote retirement is yourself and you know, one of the things I've seen this is people like doctors that can't keep working because their malpractice insurance is so high but if you continue to do something It'll not only you know, I think a lot of people don't like feeling like they're retired. They you know, they want to be active and doing something with their lives along with, you know, saving for retirement putting money aside that kind of thing but you know, it just seems to me that with the ability to do something is also important absolutely next one want to hit on is having an open communication with your spouse or family member close loved ones having that open communication during those times. You may want to you want everyone on board with the plan if you will, that's one of the big reasons we like to meet with Both spouses here in the office because you can't have one pull in one way one pull in the other cuz it makes it hard hard makes it very hard. And so you want the whole you you want all the horses pulling in the same direction. It makes the plan work a lot easier but to do that I have to have the communication. Yeah talking about money for some people's very uncomfortable. Yeah, but it's so important even if you don't serve whoever the money person is in the relationship, whoever that may be the other one may not be interested in the finer points of it but having that communication so everybody knows from the ten thousand foot view what's going on so important And it's one of the hardest things to talk about it really is and I don't know why money issues like that. Because people feel powerless around it. They they feel like it's bigger than them. Sometimes. You know that it's it's hard to get your thoughts around and then then you've got these expenses that sometimes are more than what you think. They're going to be and and you know, it's it's just the minute you think you've got everything lined out, you know, you don't right and I think that that plays into people's fears, right? The next one. This is from a portfolio management from an investment standpoint. It's the it's titled hanging onto losers what that's talking about is stocks or Investments that go down in a in a market downturn that go down and you hold on to them too long. This is something that everyone who is Ever invested has done wrong or whether they want to admit it or not. Right but it's something that you can get better at these things. You know, investing is something you can improve on over a long time and you know, one of the reasons one of the many reasons why we work as a team, you know to try to avoid some of these pitfalls But when you hang onto a stock say it's gone down 60% emotionally. It's very hard to schedule it because what you're saying is Well, I was wrong on that. Maybe you were maybe you weren't maybe you could still be right that in the long-term this thing could work out but that's the way too I think really think about it. You're wrong, right but it's okay to be wrong. Yeah. Yeah, but the thing is, how do you react to it? You know you think of it is? Okay, if this if this were flat if I was looking at this investment versus the other opportunities, which one makes sense out of a long-term standpoint and it's it's opportunity cost at that point. I mean I see this often, you know people tend to Make it very personally when it comes to Investments because your your ego does get tend to get tied up with your investment decisions and often. Sometimes you just have to separate your ego from you know, your money and realize that you know, it's it's not personal. This is a decision that you made and now you have to make another decision to to get past it and it's it's tough to do but you know, that's that's what will happen perhaps, you know help you over time and help you get out of that situation. I see Tom. It's he just pointed at the board. Like I wasn't watching it. You're.
"tom" Discussed on The Tom Dupree Show
"That are suffering a lot more than we are and sure. You know, sometimes it's helpful to remember others also as part of your plan. Absolutely. So absolutely so long version C fund what that set up for is for an emergency and you need to be willing to be able to tap into that when hard times come the next wage is no re-entry plan. We've talked the last several weeks about timing markets. You know, why you shouldn't try to time the market timing the market can be one extreme to the other be it going all to cash or going all in stocks or all-in-one stock or one sector making big bets one way or the other and there's a lot of reasons why you shouldn't do that from a long-term standpoint, but yep. Say you go you you say okay. I can't handle another March timeframe of volatility. So I'm going to adjust my long-term plan and I'm not go 50% cash instead of what your long-term plan was, you know 30% in bonds you adjust that to say only take 50% put it in bonds or cash. Okay, I can understand that, you know, but what you have to have when you do that is a plan on how to get that money back invested, you know and have some thought out a plan thought out beforehand so you can implement it because one or two things you're going to three things are going to happen one the market does what she think it's going to do it goes down and you're happy while you still need to Get back invested. The second thing that could happen is the market goes up when you thought it was going to go down. You need to have a plan on how you're going to get reinvested back in and that's I think where you where it's so important to be able to talk to someone and have that laid out. There's there's accountability there, you know, if somebody's say okay this played out the way we thought it was going to or maybe it didn't but here's how we need to react now because we have to get back on track for the long-term plan. Right and I mean when you think about it, March of this year was a classic example of you know, what can happen how markets can react quickly, you know, like they did the market dropped quickly over 35% but with the same speed at recovered, so if you had gotten out of the market, you really wouldn't have thought too much time to get back in. Yeah, I mean literally some of the biggest up days were the day after the biggest down days. And so those those returns are clustered together off and that's why you have to be able to move quickly or stay on your long-term plan and not deviate from it. Right and I mean depending on your age, you know, if you are relatively young and if you have many years ahead of you while you are still working and can keep investing and sometimes it's best just not to focus as much thought. The markets, you know, if you keep focusing on it, then you're you are bound to think that certain things are going to happen which may or may not happen. Sometimes your best strategy is to you know, maybe watch it once every few months if you must but just stick to your long-term plan and not try to make active, you know bets on the market, right? And I think the key on that plane, even though is that you understood it going into it you you had something that was laid out to you that was clear on this is how you know, we may react in a down Market. This is one that you own in the portfolio, but having that plan clearly laid out that'll help you avoid making big moves one way or the other, you know the on the extremes, you know, if it's somebody going from 30% and bonds to 50% bonds. That's one thing if it's going from, you know, 30% bonds to 100% cash that's something else. So you just have to be careful and it stayed disciplined right? And you always have to remember that markets are not very obvious. You know, sometimes they do the opposite of what most people expect. And the reason for that is that you know, the market knows, you know as individuals. We think we know something is going to happen. But what we know is already known it's it's not new information. So there's a good chance that the market is already pricing that in while you are thinking about it. So long markets are not, you know, like mathematics, you know, it's not a will happen, hence, you know, this will happen or or physics. So there's a lot of psychology involved their thoughts. So sometimes it's best just to have a system rather than you know constantly thinking about what will happen next, right? The next one want to touch on is wage. Funding a retirement plan. Sometimes it's not possible. You know, like you were saying Tom, I mean sometimes cash flow stops, you know, if it's a wage loss of job loss of employment type of scenario, but if it's not if it's just a downturn in the stock market, but you're still you still have a job. You still have the income coming in home make your contributions to the 401K 403 b whatever retirement plan you may have continued making those contributions home. Cuz a it's if it's the company match it's free money be you want to have that money going in the dollar cost averaging so that way you're buying more shares at that lower price, you know..
"tom" Discussed on The Tom Dupree Show
"Getting there house in order and You know they had adequate capital issues going into this crisis excess excess capital ratios yes. Sir they did have some cushion to you know. Survive. Such crisis, but I think. Ultimately I mean, they're still we still don't know if there will be longer term consequences in that. You know even though people may have not defaulted right now businesses especially, will they default a year from now But At. The same time you know it's the government data more worried about you know because going into this crisis, they've already leveraged, and now they're even more leveraged in terms of you know borrowing money to we've been leveraging since the financial crisis. So I mean it. It remains to be seen how how displays out but we do know that. I think the expectations so fire were worse than how it's played out when it comes to unemployment when it comes to these loan reserve write-offs. So I think banks have perhaps over his. For it and and I would argue not just banks but the tangible economy as a whole. You could argue. Is a by this point you know because when you look at the market. As a whole, you know your your tangible businesses and what I mean by tangible is something that you know. Isn't like a technology basis like Google's android platform or something like that. I'm talking about your your caterpillars, your you know your your industrials, your. Insurance is banks these these things that Are Stable. Pillars of the economy. There they all have had this what you call income statement recession but not necessarily a balance sheet recession meaning that, yes? Yes. There income statements took a hit this year. What happens when you get to a balance sheet recession is that You're permanently impaired. And that hasn't happened. and. That kind of sets you up for you know a potential good side. Well, in the the key to they say they talk later on Questions asked why would you buy the banks now and It says if you look out, you know two to three years saying don't buy it because something may not happen for two to three years. Well, how do you know that that's the thing if you're if you're if you see something that has value for trading, you know blow it's normal price to book. You know the balance sheet looks good. You know you're seeing all these positive thing is a solid foundation while you can buy it. And you know you don't know if it's going to be six months or a year. But when it happens if you say well, I'm GonNa wait six months because I think it'll be a year but then the market will see it happen before you can act on it and it'll move away from you. So when you see value, you build a position and you take a long-term approach? And? That's that we by the banks through. An ETF, right? Yes. Yes. Large banks regional banks And we we had calls with you know a number of them. You know earlier this year but through the ETF, it's a way to further diversify. Right one of the cool things is this article talks about. Is the Covid Beta and I think that's an interesting thing to talking about the underlying economy in that how you've seen Betas, which are measurement wrists significantly change Reflecting what cove is done in the economy? Hey thanks for listening that wraps up another show. If you WANNA listen to your favorite Tom Duprey shows you can find them on our website or wherever you listen to your favorite podcast. And I really would be remiss if I didn't close out this hour. And start.
"tom" Discussed on The Tom Dupree Show
"Sunk to welcome back to the tom depre- show got hugo. Mike johnson in this morning six occult as great drove the have.
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"Back on the Tom to pre show you know Mike it. It just seems like we've.
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"tom" Discussed on The Tom Leykis Show
"Tom. With. Eighteen. So let the music play. Yeah. That's it. Anyway. Now imagine that song was like nineteen sixty eight. And WTO recorded a jingle package in nineteen sixty nine one thousand nine hundred seventy based on this song. And so in one thousand nine hundred eighty one I was working at Stanford genu- having Knicks what within current records by like, Lionel Richie. And these giggles nine thousand nine hundred sixty nine. It was to say it was awful does not do it Justice. The the owner of the station wanted me to be a Puka. So you hear me to my best. Denis more impression. Promises promises has jingle package. Bring that up. This is what the jingles sounded like same WTO eh. There you go. So I am digging through this huge suitcase of old cassettes, and I want to make that one of the first air checks that I post. WTO N. I think you'll enjoy it. So.
"tom" Discussed on The Tom Leykis Show
"Thousand tom that's the number nine zero one three thousand eight six six these are unscreened calls hello uncle tom yes hey how you doing brother hey great you know i called earlier and i just wanted to call in and this is the first time i've gone through to you here we are kind of it's kind of a pleasure not kind of a pleasure it's a huge buzzer i'm sure it is for you doubt i just wanted to apologize i haven't contributed to the you know being p one and doing all that i'm one of those that hasn't done that i just recently got out of out of prison and i'm i didn't have an opportunity to contribute to your what you're doing and i'm sorry for that and i'm really sorry because i love listening to your show i'm glad you love it and you know unfortunately too many people didn't believe me last year when i said don't test me i believe and i think you're totally right i blame them i don't blame you you you are actually in the total write their vassals i made everybody know and i want you to know that just because now that there's not the year long prescription or grece prescription subscription gonna do a month to month i'm gonna i'm gonna start it right now as soon as we get off the line premium tom dot com.
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"Everywhere dot com tom everywhere dot com thank you thanks for being girl ram we appreciate it are together again you and me and here we are oh with another edition of be funny i most popular feature that's right be funny where you can call in and show us just how funny you are using jokes many of the jokes are sexist not safe for work stuff you could never tell in your oh my goodness you could never tell it in your cubicle at the office never never no way seriously but that's what it's all about it's jokes some of the jokes about crips or tards or who national tragedies we've had many of those recently nine zero one three thousand tom that's our telephone number nine zero one three thousand tom impressions impressions of famous people impressions of the four of us who do the show impressions of other listeners other callers nine zero one three thousand tom that's what be funny is all about it's but how funny you are nine zero one three thousand tom funny noises sure nine zero one three thousand tom that's the number and of course parody songs big part of be funny and we'd love to hear what you have to offer here.
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"Tom curran the the he can two now the.
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"Tom among the normal studios were gets you in the one thousand tom bombing has been set for the metal wii again valley surat mom on june secondminute start shipping out so you want to be among the first people to get your hands on the twenty them gene a federal amendment i'm telling you you've heard in a moment but it's better than last year and last year's ways everybody loved by wouldn't start juvenile bottle firstly gonna so you'll see a minor second we don't you want to be first on the list remember when a bottle three days to avoid bottle so earlier and one of them was sooner you contains to get your pebble the metal white now go to w w boban you got tom wind that's where you go the www don tom dot why is where you will find a little metal you can order and by the way ladders day is coming up and we have got on fox said of two bottle one is a bottle of twenty fourteen metal the metal and the other twenty fifty and you will have enough time for father's day come on sit down with your dad over a glass of wine find out why my your mom compliment astle what a deadly get all yet get the story wine increase the skips oh boy you know where to go tom dot wine is the website site tom dot white house this thing going to play out the donald trump presidency hours that got a play on nine one three thousand tom that is our telephone number here alan in san diego you're on the top like his show hello oil rose fifty so why hello what are you doing common yes i do care i'll.