10 Burst results for "Wells Fargo Bank Of America"

"wells fargo bank america" Discussed on 790 KABC

790 KABC

07:01 min | Last week

"wells fargo bank america" Discussed on 790 KABC

"When I bring that up that doesn't give me the warm and fuzzy. So what? I've been basically encouraging people look, by all means. Don't take more money out of your house. Don't don't do what people did in 2000 and eight where they gutted equity out of their homes. Be safe about it, Build it up, but be prepared that there could be a 5 to 10% correction. And if you're if you can't live with that, or you're in a house you don't want to be in Maybe it's the time to think about maybe going into something else. But Frank with that being said, one of the quick thing to remember the difference Now versus 2000 and eight. It's where people are going and I know that there's many pundits that come on the show, and we'll talk about that. It's a myth that people are leaving California. That is not true. I've been in Las Vegas a lot on one of those people who's migrating there. And this exodus out of California is real. I don't care what people come up with. But I can introduce you to countless people who are former Californians, and they're leaving for one simple reason, lower taxes and a better business environment. It's that simple and they feel safer. They just generally feel safer. So I think that markets in Nevada and Arizona and Texas in um Florida Might do better than the markets in California, Washington State, New York, So you have to kind of dissect it all and see where it's going to end up. But no, this is something we also take a really close, very close look and to be thinking about what are we going to do and how we're going to feel if things softened? Excellent points can and let me ask you the big question here. Now, where are you putting money now? Andorra taking off the table. Well, you know, it's interesting. You bring it up because one of things we have been doing is we've had such a great run in certain stocks were rebalancing the portfolio right now. And, you know, sometimes I get calls from people saying, Why are you selling that stock? It's done so well, I said, Well, one I haven't seen the whole thing. We're just trimming it just like you have a garden and every now and you have to prove your rose bushes to make them grow better. We're doing the same thing in the portfolios. But, Frank, I got to tell you, I'm really looking at these retail stocks. I mean, and some of the names that are coming up and they're not necessarily retailers. He would think about O Reilly Automotive Sherwin Williams AutoNation Anything that will especially when the case of the automotives Anything with people keep in their cars and fixing their cars up. Those stocks seem to be doing very well, and the companies are doing financially very well. So I would look at some of those kind of names. I am still for people who aren't eating income and our little hesitant about the tax issues. I mean, do check out preferred stocks and some of the big banks like JP Morgan Wells Fargo Bank America, and by the way, it's a whole different radio show to talk about prefers. But there are a type of equity but they p very high dividends and the dividends are secure. I would encourage people to talk their advisors about those investments because though many of those dividends are taxed at capital games, rates, not ordinary income tax rates, and I know I'm getting way too geeky, but that's a big difference in overall after tax field, people should look at that last point, I would say. I've had people saying, Hey, I've been listening to you What you're feeling about long term municipal bonds. I'm generally telling people look, if you have bonds coming due in over 20 years, I would highly recommend you sell them and go into something shorter term and certainly look at corporate. Those bonds are just grossly overpriced. In my opinion, we got the holiday decorations up already. And some of the stores Ken So let me ask you a little bit more about the retailers. What would you be placing your bets on the lower end like dollar general or on the higher end like a lot? Baton. I see people standing in line at Louie Baton and Beverly Hills, Gucci and People standing in line at those places. Um, what's what's your view on the on the high end and low end retailing, you know, you know what? And by the way, you always do this, Frank, you asked the great question. To me. It's correlated to what's going on in the stock market when you've made a bunch of money, whether it's in your whether it's crypto stocks, memes, whatever you feel like splurging, and I think the higher end retailers might actually have a surprisingly good year. It's just because people are just want to feel good about things, assuming we can get out and shop and some kind of normal fashion. But at the same time, the lower end and you know and realize these are really smart operators. They went through one of the most devastating retail situation since the Great Depression, and the companies are doing well. And by the way, all you have to do is look and see how their stocks are doing. The socks are near 52 week high. The companies are doing things. Well, I like dollar General, I actually had gone in them before. I'm always surprised what I find in him. But here's my point. If you believe that the holiday season is not going to be a complete train wreck. I'm just telling you that somebody stocks are in a buy position right now. The other name I'll throw in their Nordstrom's I wasn't in or shins this last week and up in the area that I live in, and you know what people are out shopping. They're doing it. They're enjoying themselves. So and there's a good, very smart operator who has their inventories under control. But one other quick thing about the retailers, they're all saying the same things People are doing their Christmas shop with their holiday shopping sooner why there's no guarantee That because of the the disruption in the logistical supply change that that shirt pants or swimsuit you might want will be here in December. They're telling people to buy him now because we cannot guarantee it will be here getting into December, so people are getting out there earlier and just stock in their closets full of stuff. Or as the case may be not actually getting out there can what about the Amazon and the outlook for the Taylors heading into this holiday season? Well, you know, it's funny for me anymore. I mean, all the brick and mortar people have very, very, very good offsite type things e tailing type scenarios. You know, this is what's interesting about Amazon. Amazon stock has been acting terrible. For really a good part of this year, and I've had a lot of people saying, God, what's going on with Amazon. I think part of the part of it was a victim of its own success. Evaluation had gotten too high, but I think, too, that what it's also telling me is maybe there's more competition out there. To Amazon that there used to be and I'm thinking about even something like Walmart, who people used to discount that there's no way they could go ahead ahead with Amazon. I'm not so sure anymore. All these surviving thriving players have figured out how to play the game. So I think Amazon has got to be that much more innovative on what they're offering to deal with increased competition, But to me, I'm just looking at the simple fact that Amazon stock to me is acting extremely sluggish. And in fact, I trim my positions back actually in August, because I just didn't like the way it was acting. Karen Winans, Money manager, president Women's Investments also Forbes magazine contributor, author of Investment Atlas One and two can always great to speak with you and what to do it again very, very soon. Thank you very much for taking a call here this evening on Mo Tech on money. Thanks, Frank. Goodnight. Goodnight. Thank you very much. And let's see how you're right is going this evening. What's happening now? Richard Carnage. Mhm. ABC. Dependable Traffic is sponsored by the California Department of Social Services. One of five Freeway eastbound of Vermont.

Karen Winans Richard Carnage Nevada California Walmart Texas JP Morgan 5 Arizona New York Florida Amazon Gucci December Frank California Department of Socia Washington State Las Vegas August Nordstrom
"wells fargo bank america" Discussed on The Dentalpreneur Podcast with Dr. Mark Costes

The Dentalpreneur Podcast with Dr. Mark Costes

05:22 min | 6 months ago

"wells fargo bank america" Discussed on The Dentalpreneur Podcast with Dr. Mark Costes

"On a really understood at least at a high level you know what you know what what. There is out there with sba financing. Barring would probably be ten ten times greater annual is what it is now and so unfortunately a lot of people The only mistake getting sba financing before they bashed the in the wall. And don't try again is is do exactly what you say. Go to the big four banks ago to chase wells fargo bank of america you know. And they said they're like hey i got a great business and then the decline in like all right while screw this. Sba is not for me. I can't get sba finance. I have to go find another option for a lot of businesses that includes taking out super high interest. Short term loans Building business on the back of credit cards just digging into their own personal resources above and beyond what is probably financially prudent. But they don't think there's any other option and really the biggest. I think the biggest barrier to people accessing sp financing is just really hearing about it having enough even even to three minutes of Of education on the topic to understand enough about it to take advantage of so. I i definitely agree with you that that is a fair assessment. Most people just aren't aware of of how flexible lenders out there in the us are with these programs because they've only had conversations with some of the lenders that are far less flexible. Yeah i unite. Did speak in the pre chat about some of my frustrations with really kind of tiny little loans with banks already have a previous multiple year relationship and they were reluctant to give me the financing that i desired with down payment A significant down payment very very frustrated to the point frustrating to the point that i want to move my accounts to the next bank that i will eventually find that is a little bit more flexible and willing to honor the relationship that i've built over the last ten years. I obtain something. It's something interesting. I'll just comment on that sometimes. The sba lenders lenders don't even care for your deposits in your other. Banking relationship lender in the united states is a bank that has like no branches. I mean they're based on like It's thinking most of they get most of deposits actually just from a consumer savings. They go online to opening a savings account. They go online to open up a cd with the bank and because their cost structures different. They're like look all we do is s fails. We don't have to offer million other banking products compete with the likes of wells fargo bank america's biggest so they blow everyone else of the water when it comes to sba loan volume. It's live of banking. Look if you want but if you look at their london other other banks. It's huge but the reason is like they've. They've learned a specialize in and so a lot of times. I tell people. It's kind of counterintuitive. Because everything that you're talking you would think as logical with with banking is. Hey if he if you do all your business one bank. They're going to be more flexible but a lot of times Especially when you're you have over the bank relationships with our all your other. Banking products with one bank like they. Don't specialize nest eight matter. How great your accounts with them and in a situation you describing which was honestly pretty ludicrous like you know. I had five or six hundred off the top. My hat would do exactly what you need with zero to ten percent down. And so you know the terms you're getting quoted from some eager lenders are frankly ridiculous to me so but unfortunately that's that's a lot of times what happened so Sometimes the sp the best learners care for care deposit relationship. You know they've they've built a vertical niche just around during the lungs selves. And they give you the loan in make payments set in your you know your tax returns for them every year for monitoring and that's how they care for yeah. I love lima bank. I've done a couple of deals with them and they ended up doing my p. p. loans for me round one and they were really super efficient a lot of great customer service. I probably should have applied for them for the for that last loan but i they were actually one of the ones that i had in mind was at a couple of other ones but yeah i mean the the crazy thing about the program is that you know especially right now. Normally the way that they're structured is there's a seventy five percent government guarantee attached to a seven right so i guess for the nonfinancial folks in the audience. All that means is if the bank issue alone of a million dollars. Government is guaranteeing seven hundred right now. The numbers actually temporarily because some of the stimulus incentives that were pass with the cares act in december and so basically any lawn announce october is guaranteed at a ninety percent rate. So lenders lama willing to take aggressive stances on transactions they otherwise wouldn't because there's enhanced guarantees. That was kind of the whole point. I mean government right now the economy's hurting and they really able to make capital available to small business owners to help rebuild cover so but yeah it's it's It's interesting you mentioned that. Because i guarantee that they would have been able to do it in. So what types of things are as big good for. Is it good for property good for business actual real estate and acquisitions and businesses as well..

ninety percent five seven hundred zero december lima bank october seventy five percent seven ten percent united states one bank london three minutes ten ten times one cares act million dollars bank of america six hundred
"wells fargo bank america" Discussed on 106.1 FM WTKK

106.1 FM WTKK

04:11 min | 8 months ago

"wells fargo bank america" Discussed on 106.1 FM WTKK

"It's really weird. We have a value based Obel. We buy things that are there more reasonably valued and generally tend to be out of favor. Um Since the week before the election before the election was the worst week before a presidential election on record period. I'm pretty simple when I get that kind of sell off I buy. I mean, I take advantage, and so we bought a lot, and we bought a lot of value, basically like the banks, Wells Fargo Bank America True Issue Excuse also noticed BB and t X as well as all summer. We both. Yeah, but here's the thing that energy I was working on the newsletter yesterday and If you if you look at the last three months, energy stocks were up 45% 45 not 4.5 45% banks. The bank index is up 22% and Tech is up 6%. S so I'm very pleased to see that happening. Rates are starting to rise again and that Z. What's really driving? Ah, lot of this change in here so to me. Thing That's perplex me is we've had that run, and I love it. Last quarter was great. This first quarters off to a great start, but yesterday on, you know Text had a massive day May Netflix had great earnings. That's great, and the stock is really expensive, but I don't really see where that's coming from. So that kind of what we've been talking about, too Well, that was it was nice to see the Fang stocks. You know, Facebook, Amazon, Apple, Netflix and video and Google do well when the economy doesn't Now the economy is taking back up again. And so that's one reason why the value stocks of financials and oil have been doing well. But I don't understand where this is coming from, with them taking off again yesterday. It's very strange because interest rates continued to rise is an exuberance that's just doesn't feel right. Feels emotional to me, too. Well, there's a there's a you know, it's like a business under one very successful businessman or told me one time. Your return is is totally predicated on what you paid in the first place. And at some point you know if you pay too much, you can get burned. Timing is everything It is now to your point. How now This is this is a little bit older information, right? So it xjak you ery 15th. So last year, I must have said this 500 times during the year. The worst other than restaurants and hotels and airlines. The worst thing I ever is energy, big oil, and, um, so I was telling people big oil and financials were horrible in the cove it crash. Wanted on. Bo bought those beat up stocks, Exxon and truest And although now we look like genius when I genius. We just timed it nicely. So then this is the funniest thing on January, 15th. The S and P sectors. The worst sector by far last year was energy On January 15th. It was the best sector up 12.8% and then the superstar sector Last year was information technology. It was down 2.2% the first two weeks of January, so That rotation. We talk about timing buying low selling high You couldn't have had a better example of that. Just the first two weeks compared to last year. So I just you brought it up. So I thought I'd remember when Exxon got booted out of the down. Think was the third quarter. We were by that they put sales force in its place and Salesforce Big software, darling Great company. I own some of it Since then, Exxon. I mean the performance out performance of Exxon and CRM because Those forces actually down over that time Panda that's used to the way it works. But it felt kind of third world is when they took Exxon out of the doubt. And, well, we're gonna have to take our first break and we're just gonna have a lot of fun today, talking about all the stuff going on in our culture in our country and in the world. How does it affect you? Financially, so stay tuned. Hindsight is 2020 2020 was a.

Exxon Netflix Wells Fargo Bank America Great company Facebook Bo Google Apple Amazon
"wells fargo bank america" Discussed on NewsRadio KFBK

NewsRadio KFBK

10:21 min | 1 year ago

"wells fargo bank america" Discussed on NewsRadio KFBK

"The next eight years refinance it into a ten or fifteen year fixed and pay it off so that the date you retire no doubt you have no debt that is yes that's that so you called about social security which we appreciate the call but you really are in a position that if you did some decent good financial planning and looked at eight years from now what you gonna do today especially in these low interest rate environment where you could get a ten year fixed rate mortgage at less than four percent you're going to you're going to be really really ready for retirement now you got a good adviser eight sixty two comes around then you say okay this is what you should do with your social security with the way that makes sense to start at that time maybe maybe not right but you make the decision that but you called about a completely different subject if you were sitting in an office with one of our advisors I could tell you that and I did have the adviser it's all zoom house okay I think we map I had hundreds of zoom meetings last week that's our high speed so yeah if you were sitting in your office so we're sitting in our office yeah this is probably the recommendation it end and you want to take advantage of it now because that's the recommendation just kind of top right let's first watch and it might be when you do a little more now to do a little digging get to understand you're curing your wife's goals that might morph into something all different but but that's his first wife thanks you're at a stage show you're at a stage we're finding and we're not trying to promote our well we try to promote a business a little bit which I I mean there's other great organizations out there great advice out there there's a lot of lousy ones too but I think if you met with someone who's a good certified financial planner specialising retirement transition going through a process of some financial planning I think could be of great value to essentially both vanguard and Morning Star I've done some studies on the value of quality financial advice on time but this is a good quality but the best and I think I think I don't remember those numbers exactly you can do you can give them a one is I think the vanguard office study and I forget what Morningstar call there's but the mother may show that with the right kind of planning an adviser can add up to three percentage points per year that's not in meaning that they outperform the markets that they cannot perform this view of by much it's just to the right kind of planning it's these little nuances here their deck when do we when we look at converting some Dorothy other times we've we focus on paying down the mortgage other times we look at taking out an additional mortgage for something are there right how do we allocate the four oh one K. and is we've got a break in income we've got like a spouse your before social security what's way to best the best way to bridge that all those various moving parts in it I really think Joe you're the stage with eve you go through a process do some good good financial planning I think it'll instill some some confidence both with you in your your wife and with your wife being recently retired and in this whole mess there might be I mean I don't know a lot of us right now I don't have the same kind of confidence with our finances we did a couple months ago what we found and what studies have shown right yeah I know most of us don't but studies have shown that when you do the right kind of planning had the right kind of plan in place it just just that in and of itself can still quite a bit of confidence and reduce stress and reduce worry about it yes some good advice thank you so much hi I just read you call it the phone call and hope your wife's enjoying retirement I wasn't expecting to be with Joe twenty first he might be happy about it it is funny though I think a lot of cond and I've been helping people in retirement transition for about thirty years and a lot of there's a lot of concern people have of spending twenty four seven with their spouse great marriages it's like a women I'm not sure he's gonna be retiring here in June and I don't know how this is gonna work out for me and but right now I think rock it's a trial run it is in some aspects isn't I mean my my wife and I celebrated twenty eight years last weekend and week she clearly is she needs a break from Asians quite vocal like you know the seller yeah one thing I appreciate about she tells what she needs and I don't have set of maybe the first couple years she hope that kind of gas and understand their nastiest realizes she needs something is going to be really clear that's to give you the opportunity to tell her she's wrong that's what she's showing that with you that's good cash thanks bye let's not continue on the call here eight three three ninety nine worth we're talking with Shawn Shawn he was all worth money matters gentlemen how are you today we are wonderful thank you what can we do for you great so yeah I had a question I realized to and I don't know I didn't think of this or that with a financial adviser with a little luck I'm going to have a relationship with this person or organization for thirty forty fifty years or retirement through retirement to death you know I I will choose an advisor based on there that the culture and style and and and all the services they provide but over that time period things can change are you know I've worked for companies that when I started there they were great and then after a decade things change and I decided that it wasn't a place for me so I'm wondering given that long time frame what could be some red flags or signs telling me that an adviser that I initially liked working with may be shifting or changing in a way that may make me think I might want to go somewhere else so there's a there's a couple different things I mean virtual most people have a relationship with that individual and that's a reality right so I mean you're talk sometimes most we're biased towards fee based investment advisors for a variety of reasons and that's what our firm as but in the end we think I'm just being transferred like firms like Merrill Lynch Wells Fargo we think this structure is not the best having said that there are some financial advisors that are great at those organizations that if I had a family member that had an adviser there was good advice or certified financial planner did a great job to do the job planning which V. based on it I'd say keep sticking with Maryland sure keep stick with Wells Fargo regardless of what's happened I mean those companies what we had to be bailed out for crying out loud if you would like to change it they were bailed out during the week they could even give themselves a flow during the downturn I don't know what happened Wells Fargo bank America to headed by mail so but but the adviser and or sometimes it's a small team because it's oftentimes support team most the times are still intact and people continue with those relationships but if if suddenly these firms stars on a bunch of financial products that so is their investment if if their investment messaging and how they were investing dollars change significantly that would be a red flag if service levels began to fall that would be a you didn't get a phone call back in and if that was if that were the case you should talk to the advisors say Hey what's happening what the adviser goes through some mid life crisis which on which he or she goes off the deep end you want do you want to team around them you want a team around them if that were to happen so that's what you would look for and quite frankly people don't like change in the relationship with their advisers because it's kind of a pain in the in in you know it's kind of a pain he he if you if you're having problems with the firm you're working with just asking what's going on or this is why I'm not happy and normally they'll either say well you know we're we're down a new path or sorry you've you feel differently let's see if we can fix that so there there would be something well I get that right there would be at that's fine if they're changing the investment options or or that be that the fees structure or or any anything they went from season no load funds and ETFs suddenly started using a commission products or start charging you for a bunch of transactions you were paying before or start selling equity indexed annuities or starts to push and life insurance down your throat or all kinds of things that are just out of the out of the blow that would that would be bothersome fees you know most firms actually fight a price their fees to the market place so a C. increase or a decrease doesn't it's what the market place obvious their businesses so they we know what our fees are relative the rest of the competitors in the marketplace we know that because we surveyed that much like that you know it is larger with a fee based advisor that's not selling a product that you can't get out of you can leave you can leave anytime you want and one of things I mean what I had this discussion these today yesterday was somebody on the phone and I said them I said look here's I said we were pleased at all with a with a philosophical beliefs we we wondered if our plans to build a fire is it any particular day we don't want to have investments where there are some hold ups on and every once in a while there might be a good addition of that's what I like to add because the will structure the investment really can't be turned a little cash immediately it doesn't quite fit in because we like the flexibility that our clients can leave anytime that means that every day we need to listen to him we can make sure that they're being served well without a doubt that but that's most fee based financial plans are the same for a financial planning firms that were investment visors of the same if so make sure you're with a friend you can fired anybody out and there's no surrender charge or repair big fee on the way out so does that answer your question thank you very much John right we had them you had mentioned we want to talk about the securities exchange commission loosens the rules to help small businesses sell stakes sell shares to raise money for the small businesses and this is only in effect for a few months where the SEC has decided to exempt small.

"wells fargo bank america" Discussed on NewsRadio KFBK

NewsRadio KFBK

10:19 min | 1 year ago

"wells fargo bank america" Discussed on NewsRadio KFBK

"Eight years refinance it into a ten or fifteen year fixed and pay it off so that the date you retire no doubt you have no debt that is yes that's that so you called about social security which we appreciate the call but you really are in a position that if you did some decent good financial planning and looked at eight years from now what you gonna do today especially in these low interest rate environment where you could get a ten year fixed rate mortgage at less than four percent you're going to you're going to be really really ready for retirement now you got a good adviser eight sixty two comes around then you say okay this is what you should do with your social security with the way that makes sense to start that time maybe maybe not right but you make the decision that but you called about a completely different subject if you were sitting in an office with one of our advisors I could tell you that and I did have the adviser it's all zoom house okay I think we map I had hundreds of zoom meetings last week that's our high speed so yeah if you were sitting in your office so we're sitting in our office yeah this is probably the recommendation end and you want to take advantage of it now because that's the recommendation just kind of top right let's first watch and it might be when you do a little more now to do a little digging get to understand you're curing your wife's goals that might morph into something well different but but that's just first watch that you're at a stage show you're at a stage we're finding and we're not trying to promote our what we try to promote a business a little bit which I I mean there's other great organizations out there great advice out there there's a lot of lousy ones too but I think if you met with someone who's a good certified financial planner specialize in retirement transition going through a process of some financial planning I think could be of great value to essentially both vanguard and Morning Star I've done some studies on the value of quality financial advice on time but this is a good quality but the best and I think I think I don't remember those numbers exactly you can do you can give them a one is I think the vanguard alpha study and I forget what Morningstar call there's but the both of them showed that with the right kind of planning an adviser can add up to three percentage points per year that's not in meaning that they outperform the markets that they cannot perform this view of by but it's just to the right kind of planning it's these little nuances here their deck when do we when we look at converting some Dorothy other times we've we focus on paying down the mortgage other times we look at taking out an additional mortgage for something are there right how do we allocate the four oh one K. and is we've got a break in income we've got like a spouse your before social security what's way to best the best way to bridge that all those various moving parts in it I really think Joe you're at the stage with eve you go through a process do some good good financial planning I think it'll instill some but some confidence both with you and your your wife and with your wife being recently retired and in this whole mess there might be I mean I don't know a lot of us right now I don't have the same kind of confidence with our finances we did a couple months ago what we found and what studies have shown right yeah I know most of us don't but studies have shown that when you do the right kind of planning had the right kind of plan in place it just just that in and of itself can still quite a bit of confidence and reduce stress and reduce worry about it yes some good advice thank you so much hi I just read you call it the phone call and hope your wife's enjoying retirement I wasn't expecting to be with Joe twenty first I'd be happy about it it is funny though I think a lot of content and I've been helping people in retirement transition for about thirty years and a lot of there's a lot of concern people have of spending twenty four seven with their spouse great marriages it's like a women I'm not sure he's gonna be retiring here in June and I don't know how this is gonna work out for me and but right now I think rock it's a trial run it is in some aspects isn't I mean my my wife and I celebrated twenty eight years last weekend and week she clearly is she needs a break from Asians quite vocal like you know the seller yeah one thing I appreciate about she tells what she needs and I don't have set of maybe the first couple years she hoped I kind of gas and understand their nastiest realizes she needs something to be really clear that's to give you the opportunity to tell her she's wrong that's what she's showing that with you that's good hi that's that continue on the call here eight three three ninety nine worth we're talking with Shawn Shawn he was all worth money matters gentlemen how are you today we are wonderful thank you what can we do for you great so yeah I had a question I realized to and I don't know I didn't think of this before that with a financial adviser with a little luck I'm going to have a relationship with this person or organization for thirty forty fifty years before retirement through retirement to death you know I I will choose an advisor based on there that the culture and style and and and all the services they provide but over that time period things can change I've you know I've worked for companies that when I started there they were great and then after a decade things change and I decided that it wasn't a place for me so I'm wondering given that long time frame what could be some red flags or signs telling me that an adviser that I initially liked working with may be shifting or changing in a way that they make me think I might want to go somewhere else so there's a there's a couple different things I mean virtual most people have a relationship with that individual and that's a reality right so I mean you're talk sometimes most were biased towards fee based investment advisors for a variety of reasons and that's what our firm as but in the end we think I'm just being transferred like firms like Merrill Lynch Wells Fargo we think their structure is not the best having said that there are some financial advisors that are great at those organizations that if I had a family member that had an adviser there was good advice or certified financial planner did a great job to do the job planning which V. based on it I'd say keep sticking with Maryland sure keep stick with Wells Fargo regardless of what's happened I mean this company what we had to be bailed out for crying out loud right United Kingdom they were bailed out during the week they can even give themselves a flow during the downturn I don't know what happened Wells Fargo bank America to headed by mail so but but the adviser and or sometimes it's a small team because it's oftentimes support team most the times are still intact and people continue with those relationships but if if suddenly these firms star's son a bunch of financial products yet so their investment if you have their investment messaging and how they were investing dollars change significantly that would be a red flag if service levels began to fall that would be a you didn't get a phone call back in and if that was if that were the case you should talk to the advisors say Hey what's happening what the adviser goes through some mid life crisis which in which he or she goes off the deep end you want do you want a team around them you want a team around them if that were to happen so that's what you would look for and quite frankly people don't like change in the relationship with their advisers because it's kind of a pain in the in in you know it's kind of a pain E. D. if you if you're having problems with the firm you're working with just ask them what's going on or this is why I'm not happy and normally they'll either say well you know we're we're down a new path or old sorry you've you feel differently let us see if we can fix that so there there would be something well I get that right there would be at that time if they're changing the investment options or or that beat that the structure or or any anything we went from C. using no load funds and ETFs suddenly started using a commission products or start charging you for a bunch of transactions you were paying before or start selling equity indexed annuities or starts to push and life insurance down your throat or all kinds of things that are just out of the out of the blow that that would that would be bothersome fees you know most firms actually fight a price their fees to the market place so a fee increase or a decrease doesn't it's what the market place obvious their businesses so they we know what our fees are relative the rest of the competitors in the marketplace we know that because we survey that much like that you know it is larger with a fee based advisor that's not selling a product that you can't get out of you can leave you can leave anytime you want and one of things I mean what I had this discussion these today yesterday was somebody on the phone and I said them I said look here's I said we have a for lease at all work I will philosophical beliefs we we wondered if our plans to build a fire is it any particular day we don't want to have investments where there are some hold ups on and everyone so wild there might be a good addition of that's what I like to add because the wheel structure the investment really can't be turned away cashed immediately it doesn't quite fit in because we like the flexibility that our clients can leave anytime that means that every day we need to listen to him we can make sure that they're being served well without a doubt that but that's mostly based financial plans are the same for a financial planning firm so we're investing advisors at the same yeah so make sure you're with a friend you can fired anything yet and there's no surrender charge or repair big fee on the way out so does that answer your question thank you very much John right we had them you had mentioned we want to talk about the securities exchange commission loosens the rules to help small businesses sell stakes sell shares to raise money for the small businesses and this is only in effect for a few months where the SEC has decided to exempt small.

"wells fargo bank america" Discussed on KOA 850 AM

KOA 850 AM

10:21 min | 1 year ago

"wells fargo bank america" Discussed on KOA 850 AM

"The next eight years refinance it into a ten or fifteen year fixed and pay it off so that the date you retire no doubt you have no debt that is yes that's that is so you called about social security which we appreciate the call but you really are in a position that if you did some decent good financial planning and looked at eight years from now what you're gonna do today especially in these low interest rate environment where you could get a ten year fixed rate mortgage at less than four percent you are going to you're going to be really really ready for retirement now you got a good adviser eight sixty two comes around then you say okay this is what you should do with your social security with the way that makes sense to start at that time maybe maybe not right but you make the decision that but you called about a completely different subject if you were sitting in an office with one of our advisors I could tell you that and I did have the adviser it's all zoom house okay I think we map I had hundreds of zoom meetings last week that's our high speed so yeah if you were sitting in your office so we're sitting in our office this is probably the recommendation it and and you want to take advantage of it now because that's the recommendation just kind of top brass what should I first watched it might be when you do a little more now to do a little digging get to understand you're curing your wife's goals that might morph into something well different but but that's his first wife thanks you're at a stage show yeah you're at a stage we're finding and we're not trying to promote our what we try to promote a business a little bit which I I mean there's other great organizations out there great advice out there there's a lot of lousy ones too but I think if you met with someone who's a good certified financial planner specialising retirement transition going through a process of some financial planning I think could be of great value to essentially both vanguard and Morning Star I've done some studies on the value of quality financial advice on time but this is a good quality but the best and I think I think I don't remember those numbers exactly you can do you can do on that one is I think the vanguard office study and I forget what Morningstar call there's but the both of them showed that with the right kind of planning an adviser can add up to three percentage points per year that's not in meaning that they outperform the markets that they cannot perform this view of by but it's just to the right kind of planning it's these little nuances here their deck when do we when we look at converting some to arrive other times we've we focus on paying down the mortgage other times we look at taking out an additional mortgage for something are there right how do we allocate the four oh one K. and is we've got a break in income we've got like a spouse your before social security what's the way to that's the best way to bridge that all those various moving parts in it I really think Joe you're the stage with him you go through a process do some good good financial planning I think it'll instill some but some confidence both with you and your your wife and with your wife being recently retired and in this whole mess there might be I mean I don't know a lot of us right now I don't have the same kind of confidence with our finances we did a couple months ago what we found and what studies have shown right yeah I know most of us don't but studies have shown that when you do the right kind of planning had the right kind of plan in place it just just that in and of itself can still quite a bit of confidence and reduce stress and reduce worry about it yes some good advice thank you so much all right I chose that you called it the phone call and hope your wife's enjoying retirement if I wasn't expecting to be with Joe twenty first I'd be happy about it it is funny though it I think a lot of content and I've been helping people in a retirement transition for about thirty years and a lot of there's a lot of concern people have of spending twenty four seven with their spouse great marriages it's like a women I'm not sure he's gonna be retiring here in June and I don't know how this is gonna work out for me and but right now I think we're all it's a trial run it is in some aspects isn't I mean my my wife and I celebrated twenty eight years last weekend and week she clearly is she needs a break from Asians quite vocal like you know selling one thing I appreciate about she tells what she needs and I don't have set of maybe the first couple years she hope that kind of gas and understand their fascist realizes she needs something to be really clear that's to give you the opportunity to tell her she's wrong that's what she's showing that with you that's good that's a continue on the call here eight three three ninety nine worth we're talking with Shawn Shawn he was all worth money matters gentlemen how are you today we are wonderful thank you what can we do for you great so yeah I had a question I realized to and I don't know I didn't think of this or that with a financial adviser with a little luck I'm going to have a relationship with this person or organization for thirty forty fifty years or retirement through retirement that said that you know I I will choose an advisor based on there that the culture and style and and and all the services they provide but over that time period things can change either you know I've worked for companies that when I started there they were great and then after a decade things change and I decided that it wasn't a place for me though I'm wondering given that long time frame what could be some red flags or signs telling me that and that buys their that I initially liked working with may be shifting or changing in a way that they make me think I might want to go somewhere else so there's a there's a couple different things I'm a visual most people have a relationship with that individual and that's a reality right so I mean here's talk sometimes was we were biased towards fee based investment advisors for a variety of reasons and that's what our firm as but in the end we think I'm just being transferred firms like Merrill Lynch Wells Fargo we think their structure is not the best having said that there are some financial advisors that are great at those organizations that if I had a family member that had an adviser there was good advice or certified financial planner did a great job to do the job planning which V. based on it I'd say keep sticking with Maryland sure keep stick with Wells Fargo regardless of what's happened I mean those companies went but we had to be bailed out for crying out loud right United Kingdom they were bailed out during the for the they can even give themselves a flow during the downturn I don't know what happened Wells Fargo bank America to be headed by mail so but but the adviser and or sometimes it's a small team because it's oftentimes support team most the times are still intact and people continue with those relationships but if if suddenly these firms charged on a bunch of financial products yet so their investment if gives their investment messaging and how they were investing dollars change significantly that would be a red flag if service levels began to fall and that would be a you didn't get a phone call back in and if that was if that were the case you should talk to the advisors say Hey what's happening what the adviser goes through some midlife crisis within the ten years he goes off the deep end you want do you want a team around them you want a team around them if that were to happen so that's what you would look for and quite frankly people don't like change in the relationship with their advisers because it's kind of a pain in the in in you know it's kind of a pain he he if you if you're having problems with the firm you're working with just asking what's going on or this is why I'm not happy and normally they'll either say well you know we're we're down a new path or old sorry you've you feel differently let's see if we can fix that so there there wouldn't be something well I get that right there would be at that time if they're changing the investment option the R. or the beast that beast structure or or any anything it went from season no load funds and ETFs suddenly started using a commission products or start charging you for a bunch of transactions you were in pain before we start selling equity indexed annuities or starts to push and life insurance down your throat or all kinds of things that are just out of the out of the blow that would that would be bothersome fees you know most firms actually fight a price their fees to the market place so C. increase or a decrease doesn't it's what the market place obvious their businesses so they we know what our fees are relative the rest of the competitors in the market place we know that because we surveyed that much like that you know it is larger with a fee based advisor that's not selling your products that you can't get out of you can leave you can leave anytime you want and one of things I mean what I had this discussion these today yesterday was somebody on the phone and I said to them I said look here's I said we were pleased at all with a with a philosophical beliefs we we want our clients to build a fire is it any particular day we don't want to have investments where there are some hold ups on and everyone so wild there might be a good addition of S. would like to add that because the wheel structure the investment really can't be turned a little cash immediately it doesn't quite fit in because we like the flexibility that our clients can leave anytime that means that every day we need to listen to him we need to make sure that they're being served well well that adapt that but that's most fee based financial plans are the same five financial planning firms or investment visors of the same yeah so make sure you're with a friend you can fired anybody out and there's no surrender charge or repair big fee on the way out so does that answer your question thank you very much John I thought we had them you had mentioned we want to talk about the securities exchange commission loosens the rules to help small businesses sell stakes sell shares to raise money for these small businesses and this is only in effect for a few months where the SEC has decided to exempt small.

"wells fargo bank america" Discussed on KFI AM 640

KFI AM 640

08:06 min | 1 year ago

"wells fargo bank america" Discussed on KFI AM 640

"I would like to thank the lord Albertson's distribution center in Irvine a board game fourteen hours a day seven days a week just to make sure that everybody has enough food in the shelves are stocked in the market to get there there's a typhoon we get what we need thank you so much we appreciate them because we're all in this together A. M. six forty more stimulating talk I am supported Conway Sean a pretty cool castle is getting David Coulter is the CEO of scor master and here to talk about banks and loans in latest and you know I'm dealings with what's going on with JP Morgan chase Wells Fargo bank America and so let's put him up on line here are difficult are you Sir yeah you don't gamble I'm doing excellent Hey tell people what score would score master is well hello score master dot com is a great site where people go to get their best credit score they can do it in a few days it's really quite impressive how it works and it's unlike anything else that's out there and people don't know this but on the average person can raise their credit score by ninety seven points yeah you know it that's the most you know I have mortgage brokers talking all the time and they say you know I get people kind and they're generally qualified for a loan about a seven twenty score but I really have a bunch more points that they don't even know that they have and I don't have any way to get there now score master boom boom done they get those extra points they have out there and they can get a much better deal lower their costs down payment so clutch so it's really helping people yeah and you know what everybody needs all the help they can get right now I and I I heard that and now tell me this is true but there are some techniques and some tricks out there and the algorithm to score but to score master is that you may pay a partial bills sometimes you may double but you don't pay you may pay you know some now and some on the fifteenth and you guys really have this down this bus it's taken years to to perfect it didn't actually take us for years you know we have a bunch of credit and data scientists who have worked with us on perfecting how it works but you know a lot of people talk about their credit utilization but it's really just kind of high level contacts you know pay your bills on time and don't use too much of your available credit but it's never been it's just been really come along and say if you're using this amount of your available credit it should be this amount and this will result in these points in here specifically what you need to do here is where you need to pay your your amount by and which is different than the due date and it really makes it simple for people to follow it sure it's a really good plan and it also shows not only how many points you get but how many negative point if you start spending like crazy so I just put it in a simple little program for people to follow with a specific plan form and people lot of people don't know this and I only discovered because I screwed up five if you have a mortgage on your home and your credit score will bit fuzzy right and paying people back and you have to be another half percent in on your mortgage you know whether it's an incentive for you it's a four and a half percent I mean that's tens of thousands of dollars and perhaps even hundreds of thousands bending how much your home is worth at the end of the loan that's true you know and that just hurts people question now interest rates are falling people are looking to take advantage of that and their credit scores or maybe over stressed and so forth and and and they hear and and they read the blog and all over the place about what they can do about the credit score but nobody's really make it a unique plan for them which is like what one finger dial and that's what score match put together form I mean the actual result him sixty one point in under twenty calendar days and many of them are just in a few days we actually put up on the website actual results of people getting their their plus points on their credit score and how many days it takes and it's really extremities are real people getting real results that that you changed their lives all right so what is the what is the lowest rate you've seen now for a mortgage in last couple of days it really come down oh man I tell you it you know there's the sub three percent and it's really not wild what yeah yeah it's crazy I mean you and I don't know how old you are David they don't know how old you are but I was so I went back in the seventies when my dad bought a house in the San Fernando Valley it was a hundred and ten thousand dollars he had no idea how I was going to pay for it and his interest rate on its first loan was eighteen and a half percent I mean these that that that's some three I mean you're you're talking about you know two point seven five or two point nine two percent whatever it is I mean that that's really it I know people said this a million times on a and and you know I come up with it that's a teaser rate on a credit card you get for the first six months yeah or at so true that's crazy for thirty years on a house is unreal I can't imagine look if you don't take advantage of this time I can't imagine you know with the with inflation coming and interest rates are sure to go up in the future they can't go down you're not gonna get a an interest rate that's below two and a half percent what they're going to be is going to be one percent what happens that you'll never see that so you got to take advantage of it right now all right so it David a you know a lot about this more than we do what's going on with the banks and why is it so difficult for people to get loans with all that money that was given over to by the government you know we've seen it happen every time there is an economic downturn the banks do what banks do and they get really tight on the lending requirements we seen change come out and say we're raising the credit score requirement to be a minimum of seven hundred and you have to put twenty percent down but it's a little after that the fine print that they don't tell you about is that those people that have significantly better credit scores don't usually have to deal with that nonsense so you know a lot of people are unsure what to do about their credit score right now they see these low interest rate and I think are not available for me but it can be you know it you'll be surprised me think about that staggering number that's a real number the average person in America she has ninety seven plus points more on your credit score didn't even know about them and they hear that conceptually if they deal with their credit utilization they can get there but nobody has put it right in front of their note and stick with what you need to do and how many days can a check for your score go up hi there I got a bit here I tell us the quickest score can go up that significant and can make a difference and you're getting a better rate well I'll tell you I'm actually gambles right off the bat I got a guy that came in at six fifteen score he won it eighty four point in five days I've got another guy here that went up from eighty six forty eight two eight seven the M. thirteen day I'll give you one more here sure I've got somebody who who went from a six fifty seventy one of eighty eight point four at seven forty five score in twenty three days I mean these are real numbers real people that's amazing you know I've got one in front of me a guy went from a seven fifteen to at six twenty nine because the pump the credit card and lost all his money it's at senator on so that's mine they're out of myself all right then thanks for coming I really appreciate it got a lower got a raise that credit score if you get the best interest rates and go to our score mastered score master dot com right yeah that did cornerback bomb thank them dog are you the best man thanks for coming on and stay safe hope you and your family are well all right thank you all right there goes David Coulter got increase that credit score right because if you do you're going to get a better interest rate if you get a better interest rate you can save tens of.

Albertson Irvine A. M.
"wells fargo bank america" Discussed on KGO 810

KGO 810

07:49 min | 1 year ago

"wells fargo bank america" Discussed on KGO 810

"Because here we are in the unknown of the corona virus and with the undiscovered landscape sometimes called the future in front of us so we have one great big rescue line thrown to us as if we were in the middle of the Pacific Ocean and this large ocean liner just floated by the for us a line the ocean liner it's got a lot of resources on board is it for me David I interrupted about the cares act what I understand is we don't all know what it means but we have reason to believe that the banks of America are going to move this along and the non banks how do you describe people who aren't banks or lenders I'll get to in a moment let me just go backwards a little bit for for people to understand basic financing of venture capital company first line of fire is equity financing that means shares of the company which we've enter Capas invest or angels and individual investors invest and that's a hundred percent risk it we it's not the debt you can be paid back its shares in the company so that's the first part of the balance sheet that's the equity in the company unfortunately many R. Blumberg capital portfolio companies have raised large amounts of equity recently in the last couple years have been very very good to the venture industry and many of our companies have been successful have been able to put together five ten fifteen twenty a hundred two hundred five million dollars in their balance sheets of capital to that equity and that's a base then many of them also have traditional lenders Silicon Valley bank first Republic bank it meant Wells Fargo bank America all these big banks offer lending some kinds got venture lending and other sorts of lines of credit which is traditional then you have this new whole category which is this new government and let's specifically folks on the cares act the cures act is really more of a cash flow bridge because business has just stopped like we turned off the faucet of the economy and so that's why it's a short term three month project and you again multiply two point five times your payroll I think for the department to qualify for there's no underwriting and the money will be distributed by banks and non banks thank you that's about what a non banks some names you might know art cabbage and on deck groups like that they're not officially registered as a bank but they can do lending in certain circumstances but you wouldn't go to them for example for a savings account like a traditional back now and and these are business the general business pointed to institution although there are some that also addressed the consumer we have to in our portfolio that are intimately involved in this endeavor with cares and I and I'll just mention them because they're gonna be helpful for small businesses one is called Wendy L. L. E. N. D. I. O. based in Utah and they are a market place where they connect banks and non banks with start ups until they'll be one of the portals with which startups can access capital quickly and efficiently very smooth easy to apply application online the second one is a direct lender called fund box based here in San Francisco and they were born interestingly in the last crisis they were born out of the two thousand eight nine financial crisis when small business lending dried up for other reasons and their innovation was to add artificial intelligence to replace humans doing the underwriting of the loans so they're going to be continuing and expanding as well so those are two companies out of many non banks will be lassoed into the effort to rescue small business across this great country and what I understand about the Kerrs action anybody can download it and read it it's written in sort of English you know it's it's Washington talk but it eventually there it repeats is all year round yeah you you imagine where where it's going is that between now and June thirtieth the salaries the rent and the utilities there may be some other add ons in there but those are the big ones will be provided for by the money you're alone and at the end of that June thirtieth period guaranteeing that you can provide facts that you eat you spend it for these things that will be forgiven so it's not alone at that point it's a great too I read it correctly it's a great thank you for adding that it for I left that out but it's pretty critical yeah two things one the interest rate is capped at three point seven five percent which is extraordinarily low for start ups that's number one but as you say they I think they have to make ninety five percent of the money will be forgiven and turn from loans to grant meaning you do not have to pay back the taxpayer all of us are going to help the start ups and company on going small businesses meet the challenges of this short period where businesses has been turned off and when it starts to come back to life as we all week you know exit from our little cages we can get out and start buying and shopping and producing again and the cash will start flowing in normal course of business and people will go back to we hope a booming economy very soon because the federal government doesn't want people being unemployed they don't want interesting laid off or furloughed so they're giving an opportunity to maintain your work force without head without your your talent headed the unemployment line and maybe maybe not come back thanks I said because again this is about the anxious period of being a start up and we just have a couple of minutes how how are the young people faring in this David you talk to them you communicate with them all the time this is a generation that is now have has a challenge unlike anything but a war what how how they fare well it's it's fascinating I try to be quick first of all they are much more digital than all the rest of us so in that manner ready to cope during his cap Snapchat and Instagram and video conference and all that and they're just loving that part they they know how to do it you know in their sleep that's the good part they are however as you can imagine very social people and so they miss their friends and they can't go out on dates and a whole host of other issues right so that's that's the frustration and then there's the issue of give their job secure or can I go back to school if you're talking about the younger one thing a lot of scholarships have been sent home instead so I would say it's a mixed bag but I would say stay calm take a deep breath this government is taking action to secure your cash flow and we're gonna come out of this probably stronger than we went in David Bloomberg founder managing partner Bloomberg capital early stage venture capital firms San Francisco Tel Aviv in New York I'm in New York I'm John Batchelor let's say you just bought a house bad news is your one step closer to becoming your parents you'll probably mow the lawn ask if anybody noticed you mow the lawn tell people to stay off the lawn compare it to your neighbor's lawn and complained about having to mow the lawn again good news is.

Pacific Ocean
"wells fargo bank america" Discussed on WMAL 630AM

WMAL 630AM

07:59 min | 1 year ago

"wells fargo bank america" Discussed on WMAL 630AM

"This is John love is the founder and managing partner of lumber capital is is that resistance is an early stage venture capital firm he has many clients many people looking to him for advice because here we are in the unknown of the corona virus and with the undiscovered landscape sometimes called the future in front of us so we have one great big rescue lines thrown to us as if we were in the middle of the Pacific Ocean and this large ocean liner just floated by the throat the line the ocean liner it's got a lot of resources on board is it for me David I interrupted about the cares act what I understand is we don't all know what it means but we have reason to believe that the banks of America are going to move this along and the non banks how do you describe people who aren't banks or lenders I'll get to in a moment let me just go backwards a little bit for for people to understand basic financing of venture capital company first line of fire is equity financing that means shares of the company which we venture capitalists invest or angels and individual investors invest and that's a hundred percent risk it we it's not the debt you can be paid back its shares in the company so that's the first part of the balance sheet that's the equity in the company unfortunately many R. Blumberg capital portfolio companies have raised large amounts of equity recently in the last couple years have been very very good to the venture industry and many of our companies have been successful have been able to put together five ten fifteen twenty a hundred two hundred three hundred million dollars in their balance sheets of capital so that's equity and that's a base then many of them also have traditional lenders Silicon Valley bank first Republic bank it meant wells Fargo bank America all these big banks offer lending some kinds got venture lending and other sorts of lines of credit which are traditional then you have this new whole category which is this new government and let's specifically folks on the cares act the cures act is really more of a cash flow bridge because business has just stopped like we turned off the faucet of the economy and so that's why it's a short term three month project and you again multiply two point five times your payroll I think for the department to qualify for there's no underwriting and the money will be distributed by banks and non banks and you've asked about what a non banks some names you might know our cabbage and on deck groups like that they're not officially registered as a bank but they can do lending in certain circumstances but you wouldn't go to them for example for a savings account like a traditional back now and and these are business the general business oriented to institutions although there are some that also addressed the consumer we have to in our portfolio that are intimately involved in this endeavor with cares enough and I'll just mention them because they're gonna be helpful for small businesses one is called Wendy L. L. E. N. D. I. O. based in Utah and they are a market place where they connect banks and non banks with start ups and so they'll be one of the portals with which startups can access capital quickly and efficiently very smooth easy to apply application online the second one is a direct lender called fund box based here in San Francisco and they were born interestingly in the last crisis they were born out of the two thousand eight nine financial crisis when small business lending dried up for other reasons and their innovation was to add artificial intelligence to replace humans doing the underwriting of the loans so they're going to be continuing and expanding as well so those are the two companies out of many non banks will be lassoed into the effort to rescue small business across this great country and what I understand about the Kerrs action anybody can download it and read it it's written in sort of English you know it's it's Washington talk but it eventually that it repeats his lawyer around yeah you you imagine where where it's going is that between now and June thirtieth the salaries the rent and the utilities there may be some other add ons in there but those are the big ones will be provided for by the money you're alone and at the end of that June thirtieth period guaranteeing that you can provide facts that you use to benefit these things that will be forgiven so it's not alone at that point it's a great too I really correct it's a great thank you for adding that it for I left that help is very critical yeah two things one the interest rate is capped at three point six seven five percent which is extraordinarily low for start ups that's number one but as you say they I think they have to make ninety five percent of the money will be forgiven and turn from loans to grant meaning you do not have to pay back the taxpayer all of us are going to help the start ups and company on going small businesses meet the challenges of this short period where businesses has been turned off and when it starts to come back to life as we all week you know exit from our in little cages we can get out and start buying and shopping and producing again and the cash will start flowing in normal course of business and people will go back to we hope a booming economy very soon because the federal government doesn't want people being unemployed they don't want interesting laid off or furloughed so they're giving an opportunity to maintain your work force without had without your your talent headed the unemployment line and maybe maybe not come back a cyclist said because again this is about the anxious period of being a start up and we just have a couple of minutes how how are the young people faring in this David you talk to them you communicate with them all the time this is a generation that is now have has a challenge unlike anything but a war what how how they fare well it's it's fascinating I try to be quick first of all they are much more digital than all the rest of us so in that manner ready to cope their uses sap Snapchat and Instagram and video conference and all that and they're just loving that part they they know how to do it you know in their sleep that's the good part they are however as you can imagine very social people and so they miss their friends and they can't go out on dates and a whole host of other issues right so that's that's the frustration and then there's the issue of if their job secure or can I go back to school if you're talking about the younger one thing a lot of scholarships have been sent home we have about thirty seconds Democrat so I would say it's a mixed bag but I would say stay calm take a deep breath this government is taking action to secure your cash flow and we're gonna come out of this probably stronger than we went in David Bloomberg founder managing partner Bloomberg capital early stage venture capital firms temperatures go Tel Aviv in New York I'm in New York I'm John Batchelor one of five point nine FM W. M. A. L. where Washington comes to talk former we have before us in the game perfect the inside story.

founder and managing partner John
"wells fargo bank america" Discussed on KNST AM 790

KNST AM 790

12:42 min | 2 years ago

"wells fargo bank america" Discussed on KNST AM 790

"In case you missed it I guess what happened and how things fell into place yesterday I have had my granddaughter Elena spend the week with me I had to take her to her mom we passed through eagle alloy and Benton castle Grande had lunch at eva's Mexican restaurant which by the way if you're ever in castle Grande looking for a good place to eat excellent and she today is our way to the east coast sell it kicks off the ease earlier this week we expected everybody to be back on the radio station but Natalie gotten exception from the Big Boy as she is on her way should be back here next week but the everybody will be back wanted to be safe everybody very back thank you speed to get tickets things safe and sane yeah exactly trust me what did you get here I have to spend the last week with the two little kids in the in the fifth wheel the hold by no we we did that and a family vacation up in Breckenridge Colorado the reason was an anniversary for mom and dad your fiftieth yeah fiftieth anniversary out which is unbelievably fantastic yes it is congratulations thank you you have a wonderful wife a wonderful marriage and a wonderful family yes thank you but it was a lot of fun and I'm believe would you ever have six get together when I I've been went into it well I don't know what today's world is like with children about hanging up six kids today how much that would cost the you know but it's probably been it's probably been the same for every generation you know your parents probably said gosh you know kids yeah what I ever do that again I don't know what I would do it again to kids it's good for me yeah we tried to have to wait a minute is expensive and I think that that the biggest part of having more than one or two kids is the expense of the college expenses what they are today but anyway DH is down yeah the biggest risk of course is is the marriage failure right you know fifty percent of people get married today are probably not gonna be merry ten or fifteen years from now anyway the equity benchmarks are an all time high yes yes a P. five hundred the Dow and the nasdaq exceeded new highs yes and pay five hundred broke above three thousand for the first time while the nasdaq composite Dow Jones industrial average also reach all time highs the Dow traded over twenty seven thousand now we get to see if we can get the thirty thousand according to Dane over the next year so let's keep our fingers crossed you realize it's less than yes what what is about twelve percent right okay I'm not saying that just Vichy I'm talking about this year next year right but given what we said beginning the about the markets don't ten years have you know bond market does been you know really fabulous fantastic anyway the Dow closed at twenty seven thousand three thirty two for the week it was up one and a half percent year to date it's up seventeen points to the S. and P. close at three thousand fourteen a chap eight tenths of a percent for the week twenty point three percent year to date and the nasdaq up eighty two is at eighty two forty four top one percent for the week twenty four percent of for the year if it just stopped right here didn't go anywhere we it's been a fabulous year actually energy is been on the move Boyle as closed at sixty dollars and thirty nine cents a two weeks ago when I was last year was fifty seven sixty you know the Mideast problems the Iran problems and then now it's got the hurricane it's coming up through Louisiana I think sixty percent of the rigs for closed so that's because a little move into into the oil area that there there's a lot of talk about exuberance exuberance basically means it's the quality being full of energy excitement and enthusiasm I think we have to look at the markets are they over priced it's a question we've got I'm gonna find out the next few weeks yeah but you know since the election a president trump the value stocks have risen nine point nine trillion dollars Amazon is worth one trillion dollars when it's at one two thousand thirty you know we've had this ten year bond market as it continued to go I think you have to be cautious here you know try to focus in on on high quality companies and you know have a good mix in your portfolio earning says season kicks off next week we got the banks reporting on Monday Tuesday and Wednesday with that you know city group at Wells Fargo bank America JP Morgan later in the week we got Johnson and Johnson these just the Dow thirty stocks United healthcare you got IBM Microsoft net flex and Honeywell they say earnings may be off a little bit this quarter according to factset the expectations for second quarter earnings are that earnings will decline two point six percent if they do for the quarter it'll be the first time since quarter one quarter to a two thousand sixteen revenue growth is expected to be higher at plus three point eight percent but when we get back to that exuberance question the P. E. ratio currently the forward P. E. ratios sixteen point nine the five year average is sixteen point five the ten year average fourteen point eight so when you look at it from that standpoint you know it's not really as over priced like we saw back in in the two thousand I can't member what the P. east were either they got up to seventeen eighteen twenty and sometimes the name down eight oh nine can't remember what what the passion of locked maybe Duncan do that while we're talking about what to P. E. wise during now we can't he's watching Facebook well as I watch it it is it is controlling it our is watching the the tennis tournaments at which is on the anyway the economy and expectations for a rate cut has been a lot of talk about that this week are fed shares you know testified before Congress again basically you know stocks reached record highs on Wednesday and then continued does either in the weight but basically hit those highs after a fed chair Powell also the case for easier money policy in the U. S. he continued his congressional testimony he dead on Thursday and and what Wednesday and Thursday and repeatedly cider slower global economic expansion and laying out the case for this easier monetary policy and just like six months ago the fed thought they were on track to raise rates twice this year three months ago they conceded that there would be no rate hikes this year now the fed is managing to walk a tight line by bending toward the market's expectations for easier fed policy but also pushing back against the idea that slowing growth is raising the risk of recession I think they're still concerned about these trade you know the trade the trade on the dollar yes bush's rate inflation and and higher wages right anyway for the week the two year close to one point eight five percent the ten year two point one two percent that's moved up a little bit the thirty year at two point six five the spread between the ten and the two is now twenty seven basis points that's moved up from twenty three basis points two weeks ago you know that's refers to what you were talking about in your monologue dean about Phillips curve and it is it eros does that you produce a recession or not but basically I think rates have moved up money is leaving bonds to go where equities right you know you guys are able to get the dividend and take a little risk with it but at the going into the qual that's why the Dow is doing so much better than the SMP twice this week the S. and P. are the Dow was up on almost two hundred points both days and the S. and P. was up six point one day a four point one day and nine points the other day it was they did not stay in correlation with each other is the money's going back into the big time Dow stocks with they don't mind taking a little rest right when you bring up the dividends there's extra income now investors because of the dividends dividend increases averaged about nine percent the first half of two thousand nineteen according the S. and P. Dow Jones indices PNC financial is raising their dividend twenty one percent comments the engine company is raising their dividend fifteen percent delta raising their dividend fifteen percent and banks I think are expected to raise their dividends when they report next week so we'll see what see what happens so not only can you get a decent dividend that beats the rates and bonds but you also have the opportunity to participate when the opportunity to lose to a let's face it who's the ones that hold on the most stock usually other than institutions as individuals management and the dye I. and the board of directors right yeah they believe in the company so when you see them purchasing stop all you see them raising dividends think about it you think that when it really for the shareholders the door to because they want to stop the door because they own the stock and the pay more dividends because they know the probably never going to sell their stock and the getting more that more income every year to themselves Hey I'd like corporate executives because they're also taking care of the share of course they are but don't beat up on about it what the dividends go up who benefits themselves well of course it everybody does exactly Democrats right and they talk about it's only for the wage is only for the region it's like really kids do you not realize your profit sharing all your four one K. plan whatever your investing for your retirement is moving higher also they forget to tell that part of the story stations I like how you came up with the expectations of everything right now the China at a top stacked up on Tuesday I want my nation and and somebody else said they were you know talking again the Chinese in the US Peter to borrow who is the White House traded Fizer said media reports that the US China trade talks are not reliable even calling stories in the Wall Street journal garbage he said his advice for investors is to be patient with the process and don't believe anything you read in either the Chinese of the US press about those negotiations unless it comes from the mouth of either the president or adviser lets Haidar so basically sand you know things are going well I just don't believe what you read and tell you you know see the announcements from us down and talked about the consumer prices and the producer prices that was really the main economic release this wake up about one point six year over year now the employees at Amazon this is interesting I'm gonna get a seven hundred million dollars in training from the company I heard that's about seven thousand dollars per employee to make.

Elena Benton castle Grande ten year fifteen percent two weeks one day seven hundred million dollars seven thousand dollars nine trillion dollars one trillion dollars twenty four percent eight five percent twenty one percent one two percent twelve percent eight percent fifteen years fifty percent sixty dollars sixty percent