17 Burst results for "depre- financial group"

"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

11:30 min | 6 months ago

"depre financial group" Discussed on The Tom Dupree Show

"Else's world nowadays. We are on the fly. We've got notice Within the last day or so well actually about twelve hours ago that We were not going to be able to get into the IHEART studios to do our radio show and so we are broadcasting From our offices from our conference room times the Financial Group Studios. Oh my Gosh And and Tom is otherwise occupied. So I have hijacked the microphone for today and have Mike Johnson and Phillips Sexton joining me And we'RE GONNA get down to it. We've had a wild week. Dislike everybody else with the changes in the work. Place and the changes in the investment Market so might take it away. Tell us what's been going on and so I want to say that for our clients were for people that are wanting to get in touch with this Right now we're at the office. You know in in offices open on Main Street or today's social distance though social distancing but if things that just and work remotely we have everything in place to do so Be Able to call office. We have Videoconferencing available So operations will continue as normal in a normal as as evidenced by right. Now where we're doing. The shows is relative but operations continue. Let's it's amazing. How Technology Works? I mean we've got Webcam set up For Resume Conference calls. We're broadcasting this with this this little awesome technology box. I don't really know exactly what it is. Luckily we have a super hero in the office. her name's gadget girl girl has been necessity had to figure all of her gear. Very quickly I I've always loved gadgets and Got The gadget girl nickname when I was doing Our kids around with high school sports and Anyway so that's I hope this all sounds as good as you know we made us go to the podcast world. This may become a regular thing. After we get the kinks worked out. So thank you all for your patience go online and so the main thing. Obviously everybody's listening right now. Obviously the markets have been extremely volatile. This week You know it started in really for the last month You've had extreme volatility and this week has been definitely exception Monday you had for on. A percentage point percentage basis The biggest drop since Nine hundred eighty seven and Wednesday You had another big down day and it's been you say it's been interesting but it has been interesting what we've been doing You know any kind of volatility challenges Your thesis on things. And that's what we've been doing We've been going back as you know our listeners and clients though. It were heavily research driven. So in Tom's volatility we go back and do fall back on our research The last thing you want to have happen is to allow a market to dictate or emotions to dictate a long term investment plan. Yeah and when you're seeing things and that's the that's such a hard thing to do when you're seeing it is happening in the market where you know you've got stocks moving twenty plus percent in one day you know individual stocks swinging wildly and. That's just people panic. Selling you know somebody jumping in and buying off the panic and what's the hardest thing to do is not letting the market thank for you. What were you run into the problem? Is you see movements in in prices. And it's it's people selling with emotion or buying with with conviction but either way you need to be able to set that aside and dig into your research efforts and build your own personal conviction means. That's that's really how you're able to to make better judgments better decisions in hopefully better retirement overtime right. And the the main thing first and foremost that we're trying to do is create a an income stream for our clients knowing that we're gonNA have volatile markets. We've talked about that for the last several years you know. Volatile volatility will come back. You will have all the markets and this is where the research comes into play so important and we've been going through every position in the portfolio. You look at the numbers Going you know look at balance sheets. Cash flows dividend coverage and a step further. We've also been talking if the company's And we're going. We have number a number of them that have been scheduled this week that we talk with we have them that are scheduled for next week But we're trying to do is cut through the noise which the noisy is the market right now. The market is poised because that's driving investment decisions right now. You're you're having that emotion you know the it's it's starting to to break. That bothered dip mentality as you know for the last ten years. That's always been the thing by the debt by the dip because the market comes back as painful as it is. How do you break that? It's win the investor or speculator. Whoever that owns something says I don't know that it's GonNa come back. And then they sell. And then that's when you start to get capitulation. The market finding a bottom in for a long term investor. That's when you start finding good valuations good companies. She yeah and and you know finding bottom in the market then a bear market like this is a process. Everything you read. I'll tell you the process you know you don't like two thousand eight. Was of an anomaly. Where going into Christmas Eve boom. It touched bottoms. A team of four four and bounce right back. That's an anomaly. What you're seeing here. And what you what you want to see. Is you start to see mortgage start to rationalize things? Data starts to come out in the market starts to react on on data in red of headline you look at the volatility index vix. Short for it got up to eighty three and change it. Was there for about three straight days. What was that Monday Tuesday Wednesday and if heat in? Don't get seventy nine so it's got higher than that now. The other rookie explain kind of what the vix is so it listeners. The vix is a gauge of volatility. As as more heavy volume sells visers as as as bigger chunks of movements in the market happened the vix goes up when markets are acting rational normal. The vix goes down like right now. I think the the well as of the close of business. Yesterday the VIX had gone from eighty three down to sixty three. I think you know so. A significant drop down because markets. Were acting a little more adamant yesterday right. But what what you starting to see on another thing from this is the last survey that they did versus bulls than the pessimisms Iraq. think Bears had climbed to fifty one or fifty three percent somewhere in that range. And that's always a lag. I think it peaks in La Seventy percent. And that's another thing back to your frightened the bottle out. You're starting to see more and more people becoming bearish towards saying becoming well. This you know this is going to be here to stay forever. You know the what's happening now is is is what's going to be right and that's that's really when you start to see bottom start. Perform not calling the bottom by any means but you definitely starting to see some positive signs right in. Would you have this kind of volatility. We don't we don't know what the market is GonNa do. Short run we. You know we have our opinions. You know our gut feelings but you can't invest based on either of those So we don't know what the markets do short run and so when we're looking at either existing companies existing positions in the portfolio or new positions. We look at it as we call getting on the curve. You know you're not going to time. The market perfectly on the bottom. You know. We don't know if it's v-shaped recovery you shave and L. Shea. You know we don't know how quickly this will come back from a price standpoint But if the if the company has a strong balance sheet if they have good operations and they have the ability to weather who knows how long you know kind of warm than what we're looking for for our clients is that consistent income straight we've had in the last few weeks we've we've added to a few positions and one of the things we're talking with clients is we. Don't we don't know that all the companies are going to not you could have one or two companies cut dividends at any given point because you don't know or dividends aren't guarantee but with cash that's available in in accounts with new companies that were adding or existing position. We're trying to keep the overall portfolio income. Hopefully not just flat hopefully going up. Okay let's go to a break. That's great stuff guys. We'll be right back. You've been listening to the Tom. Depre- show powered by depre- financial group on Main Street. We'll be.

Tom IHEART studios Mike Johnson Financial Group Studios Phillips Sexton L. Shea Depre bulls Iraq. depre- financial group Bears
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

08:41 min | 7 months ago

"depre financial group" Discussed on The Tom Dupree Show

"Philip their mutual funds that do value investing? We don't invest in those at depre- financial group. But there are some out there. Yeah and they're you know. Active actively managed mutual funds that try to pick value stocks others value investing indexes to that they just kind of pick a broad base of of value stocks and put it into an index There's multiple multiple ways to get into a more of a value investing pro approach. What we try to do is we try to do our own research on every single stop. Yeah in our portfolio. Because we feel like you know. Owning an index rounding a whole entire mutual fund is maybe not the best thing or owning multiple mutual funds. Because you may get when when you pick up just a big basket of goods. It's what you got and trump some of those things in that basket. You may not really want you know My Wife. She bought me a silent auction. I didn't know she she did. She got me a a Bourbon. Themed Basket really and we were. I was going through the basket and I was like. Oh that's cool. Put that bottle Merman over here all these tickets. Cool for Bourbon distillery to and like. I don't really want marinade sauce Things like that. So that's what happens but it's the same approach from an analysis perspective of what we're trying to do is we're trying to weed out what we like. And what we don't like him build a portfolio based around that Another another big big proponent and when you get into the history of value investing is probably the most famous value investor there is is Warren Buffett. What Warren Buffett is really built was he bought a starter insurance company. It used to be. What a textile manufacturer. Yeah it was called Berkshire. Yeah got immature. Hathaway got an insurance because he understood how float worked. Yeah how how you price risk? But then you use the premiums that you get to invest to for to offset long tail risk What you realize is if he can underwrite properly in and look at risk properly and grow the float he could buy in. Vail game was the float yes to to be able to bring in those insurance premiums and invest them long term. Exactly and you know. Eventually he got to a point to where he could start buying stock. So you know for an insurance company to buy stock in their float in their investment float they have to be very very very solvent right And once he got to that point he could really start getting into value investing because he had a long term play there. Yeah then this is where it got real crazy. This is where he took value. Investing from. This is where became really really famous. Where he took it to the next level is he started buying entire company's yeah because he could look at a company and say I like this business it's on sale and instead of owning the stock from passive standpoint. He said I'll just by the whole the whole thing you know and because when you own the whole company guess what you've got all the time in the world you have to work and control and all the control and all the prophets and what he was able to do. Is You know you by that company? You take their profits you by another company then you take the proverbs of the. It's it's very similar to like It's the ultimate compounding. It's very similar to like people who who start a A portfolio of rental properties. You know you get the first rental property and the rents coming in real good. You've got a great tenant you get that one. No leverage no debt associated with that one. Well then you use that one to leverage and buy another one and then use the rent from those two to pay down the debt. Really really fast. Now you got to non non debt properties. Now you by third one get that one down even faster using debt. Well Yeah but I'm just saying you know from how most people go about or even if they don't use it you know you can compounds fairly quickly right you know. And and that's that's what he's been able to do you use it profits to buy more proud profitability to buy more profits profits profits on the thing about Warren Buffett. That I think is so Interesting is of course has unbelievable reputation in the investment business. But people do not I I. I didn't until I started. Learn about all this that he is the consummate value investor. He even though he's changed over the years from being a value investor to just buying good companies he began as a value investor but value investing is also bind good companies. Now it's kind of. It's it's it's sort of one and that's bank companies. That maybe there's something out of whack that and that's why buying the company he could find tune. The part was not making it quite as profitable but the perception about value. Investing our value. Anything if you're going to the grocery store why is it on sale or are close that that's a better example than the grocery store? Close Wisest Dress on sale. Does it not fit right is it? Didn't make too much of it. Is it a bad color? People assume there's something wrong and a Lotta Times with value investing. There is but if you if there's something you see in it that you like or there's an angle and you know I it's okay. I'll put another now John. It's like the dating world you get. What is so you get where I'm going here because one guy didn't think yeah well it's like oh he's got this more on the side of his head you know and and the girl was like can't deal with it but you know everything else about him very attractive good looking dude on the next one comes along and you know he's already heartbroken that the first one didn't want nothing to do with him. 'cause mole will now he's real cheap. She comes along. She doesn't even have to put in hardly half the effort you know. And he's like finally. Somebody loves me you all right. Let's get back to talk to the interesting thing about Warren Buffett and his his company Berkshire Hathaway that that I think is. He doesn't pay a dividend. Okay so that that. His company is actually from an investment perspective. For a lot of people out there is not considered a value stock. It's considered more so I would say a growth play. You know a lot of people by Berkshire in thanking all right. This is going to continue to grow But also underlying businesses value investing. Warren Buffett's doing now is hard core value. Investing what we spoke of was that. You've got this this pressure to find more value plays and it's it's harder and harder as the market continues to go up in price there. There's there's fewer and fewer things more some things have some more hair on them and what? Warren Buffett is chose chosen to do. Because they're saying that he's maybe close to finding his elephant. He's he's looking for a big company on. That's he's he's amassed. What two hundred billion something in cash I mean he? He could by country if he wanted to. Yeah and that's what you know for for him for his perspective and what he's what he's been able to do because it's an insurance company. He can take the long game you know and he said well. I'm not seeing the value that I wanNA see right now. So I'm just GonNa let this cash bill until I see value right and that's where really good value investors. What what they're able to do is they're able to have patients and they're able to ebb and flow with the market..

Warren Buffett depre- financial group Berkshire Philip Berkshire Hathaway Hathaway Merman John
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

10:56 min | 9 months ago

"depre financial group" Discussed on The Tom Dupree Show

"A pre show. So let me let me finish yeah tax to all hours trying to say is that policy holders I do not have to pay tax on the capital gain. The cash value of the policy is long as they allow that policy to mature they. Don't cashing Jenner early. That's what I say. Cash in an insurance policy the gains are taxed as regular income right not Kapil apple gangs right now just a quick summary on that usually non times out of ten. If you need insurance it depends on your situation. Term is usually the best way to go because that way you're not paying the higher fees. You're not trying to lump an insurance policy with an investment vehicle. It just typically doesn't work out as well as other options right. I'm twenty two with with seventy thousand dollars in savings and investments but I'm addicted to checking my brokerage account multiple times a day. That's that's a lot of money for a twenty two it is. I mean this is this. This kid is names James. He wrote a it was a article or as a letter to Marketwatch James. If you're listening call us we can help you Abberley the He's done the heavy lifting mazed. Twenty two save seventy thousand. He's been putting into a roth since he's been working right. He's doing everything right. He's got the mechanics down but this is this can be a real problem from for a long term investment portfolio when you're constantly constantly looking at it you're constantly watching not the investments. You're constantly watching the value of the account Ever everybody does I mean. Obviously you're going to check. What the balance of the account is? I get that but when you look at it daily Multiple Times a day and he says in here that his emotions are driven by what he sees in his portfolio. From that day it was a bad day in the market. He's having a bad day. I think it's an an education issue. Do with with him and we've helped people that have situations like this if you don't know what you own you're looking at the value that's all you have to go on. That's right and you're GONNA you're going to extrapolate out certain things you know if the market's down a percent a day well my goodness if it went down percents. It's probably going to do that. The next you know five days you know you you you don't have anything else to fall back on other than what the market which is very inefficient on a day-to-day basis out. That's all you have to go on so with a situation relation like this education knowing what you own will help ease some of his fears and it honestly would probably help the investment returns over time because if if if you're if you're driven by emotions like he indicates that he is if if you have a December of twenty eighteen scenario you're going to be more likely to sell and act on that emotion not act on fax lacks or logic And that's why it's so important and we we like to meet with our clients every six months because we don't don't want them just looking at the value of the account because again the account is a it's a dynamic thing it adjusted changes as we want them to know what they own why they own and to actually have some meat behind right. It's it's we talk about soundbite. Investing sometimes you know it's you know you you're sold a bill of goods you know the this fund or this is product. Does this and then you put your money into it and you hope it does well. There needs to be meet behind it. Yeah and that's why we like to explain to our clients what stocks they own. Why they own them? What the dividends are It's it's a relationship right well and you if you're not if you're driven purely by what's on the screen at any given time you're we're GONNA be all over the map it's right you're GonNa be you're GONNA be Upset you're going to be worried because you have no oh context for you. Don't have any way of of Judging it because as you just looking at what's on the screen you're not looking at what's in the companies that are represented by what's on the screen. That's perfect perfect that you know you have to have context right. Perfect thank you diversified. Think again this is something we've talked about a lot Yup and and Diversification is is a good thing but you gotta really be diversified because the indices these indexes tend to become undiversified sometimes Ryan they get more concentrated in certain areas so the the when you think of diversification the old idea is you have open ended mutual funds. which are you know? The old old school traditional mutual funds. Well the new products that are out. There now are They're called factor. ETF's factor exchange traded funds. And what factory. TF's do they tried to take the active management idea of an open end fund and apply it to an ETF so you can have at a factory. t.f That's a low volatility or value. ETF or growth or something like that so again. They're you're trying to market something. The individual investors when you think of a traditional mutual fund and Diversification Verse Affiliation Will You can look at the holdings inside of that. Now it's backward looking but you get a pretty good idea the top twenty holdings you're probably going to have a lot of overlap right in just by the nature of those funds but with the factory. TF's you can have you would go in with the ADIA. I'm going to have a growth. Etf I'm going to have a value. Etf I'm going to have a low volatility or a momentum E. T. at something like that and you think well these are different different strategies Dagang. I'm going to be diversified. Having these in their problem is you're not the the same factors can and move all of those strategies right and the strategies themselves adjust over time so you you put all this in in their thinking your diversified and then if you have a December of eighteen scenario and you see everything move in lockstep down like oh my goodness us. I made a mistake. I'm not diversified. Everything's moved the same percentage and then you react again on emotion right at the wrong time and anytime you try to put on autopilot an investing principal you're asking for problems Because you can't do it you can't do it. It has to be managed right you you when you try to put a just like the target date funds owns that everybody invests in. That's that's autopilot investing and so much investing nowadays because of the fact that we've we've been in a bull market for so long as become autopilot. It's I'm not talking about bond investing. I'm talking about stock investing. It's it's even been endorsed by people like Warren Buffett. Yeah you should go out. And Buy an index fund fun rather than than An actively managed fund. But what we believe. Is that the best way to invest is to do your research and to know exactly what you own right. I think it's it's the Pity me of complacency. Yes I mean you look buffet coming out and saying what what he said. Advocating that how I mean how much more of how much interest in in an index fund. Exactly yeah why. Didn't he put all the BERKSHIRES. Allen's in an index fund but it's it's complacency in the fact dead even buffet is is on that I think that's one of the biggest contrarian indicators out there that everybody's on board with this because it's always going to work until it doesn't you look at Japan. What happened with Japan It's been I think I think. Their market peaked over thirty years years ago. Right if you if you were an index investor by and has it come back to the peaks from thirty years ago if you're an index investor in something like that good luck with you've lost it exactly. Yeah no dividends that kind of thing stay with us. You're listening to the Tom. DEPRE- show it's news radio six thirty thirty wwl. AP It was August. The nineteenth welcome to twenty twenty mccray. The crap intrigue testers Calms Hurricane. We're ready Newsradio. Six Thirty W. L. A. P.. Hi this is Tom. Dupree of depre- financial group frequently. I hear from people I meet that say. Oh I've heard you on the radio and I've been planning to set an appointment with you. Let me say to all of you to whom this applies us. Call us now. There are several good things that happen when you set an appointment with us but the main one is that. You're no longer in the dark about your finances. We give you lots of information about your account completely free and without obligation. Also we let you know in no uncertain terms if we think you're on a good track for retirement retirement or not..

Japan Jenner ADIA Warren Buffett Kapil James Dupree principal depre- financial group apple W. L. A. Ryan Allen
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

04:14 min | 10 months ago

"depre financial group" Discussed on The Tom Dupree Show

"How realistic are retirement expectation in the USA? Not Tall Fake News. There was a study done. And they they. They interviewed thousands of people and one of the key takeaways to me. There are asking how. How much can a person take from their savings and live on and not deplete their principal over time in and this this was alarming at the average number? So that the per on average the respondent say they could take tin point one percent over ten percent of their portfolio as income and not deplete their savings over time. Tom Unrealistic unrealistic. And you break it down. Even more over for over fifty percent of the people said they could take over ten percent from ten to twenty percent a year from their investment portfolio and not outlive. That's not realistic. You know this is narratives narrative right. Here this is not realistic. Burn through it's a quick. They won't know what hit this. This is this is what we do as a farm. We help people with their retirement You know to produce an income stream from their savings savings We recommend and we're not the only ones by any means we recommend not going over four percent four percent withdrawal rate. Yeah and you know this to me. This is an education problem. You know I I the financial firms schools else you know. Take it on down the line. People haven't been educated properly. They they know in theory how to accumulate relate. Put back in vast But nobody talks. Nobody educates on how to actually start the distributions once once you've grown your portfolio to a certain place. Well I think another scary thing is is. I haven't seen on here but you know how older older these respondents to you know it. This could be something very scary moving into the future but I think another thing is is. That's why you you need to enter the retirement phase of your life with a guide. You know somebody to help you through. I think about every phase of a human being's life. There's always a God put in place when you're a small child at your parents when you start elementary school middle school Highschool at your teachers when you start college professors when you start your first career. It's your boss you know so on and so forth but that when you hit retirement there's there's not a guide there you have to seek out your own guy. That's the first time in your life that you really have to seek out your own God. And that's where we come in at depre- financial group. You can call us a two three three zero four hundred. Come see us and we would be happy to discuss your retirement with you. We Educate Guide and empower where candidate and diligent guide had a boy and We like to do those things with prospects and and our clients who come to see us. So Yeah it's been fun guys and has been all right. It's holiday weekend. A shop. Two three three zero four hundred calls. You've been listening. It does a Leland Conway show with Guy Hugla Phillips Sexton Mike Johnson and Tom debris newsradio six thirty W._I._P...

Tom debris USA principal depre- financial group Leland Conway Guy Hugla Phillips Mike Johnson
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

10:44 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"I WanNa tell you all the story. Nevada Harper Konkan Konkan Complete Donner who attended offer Mannequin Jinyan Genie Rally Doll came bet injects more into money markets after banks bid heavily phones going on there yes so it's been kind of crazy the you're actually there's been a lack of liquidity for reserves and things from the banks so it says banks bid for eighty point zero five billion alien in funding in the auction five billion above the maximum amount offered by the Fed Tuesday's auction the first in a decade saw banks take fifty three billion Ryan of the seventy five billion dollars on offer overnight rates remained elevated before Wedneday Wednesdays auction at about two point eight percent soon soon after a drop to two point six and by mid morning was down to two point two five according to reflective data that the Tomo- ice bill how you say that tumult tumult in US overnight money markets is adding to investors hopes that the Federal Federal Reserve might cut rates faster than expected in coming months for re start bond buying to boost the amount of money and the financial system a loosening of monetary policy he could alleviate the strain that caused overnight lending rates spike as high as ten percent Tuesday. The Fed is set to conclude a two day policy meeting Wednesday after which it is expected to cut its benchmark interest rate by a quarter percentage point which it did the thing the thing about this is what you've got is. You've got these banks running reserves at the lowest possible level that they can run them at and when you it's effectively a bank run of sorts when when you've got a massive amount of draws zor a massive amount of of the mand for overnight lending or or anything like that and the Bank doesn't have the funds. It's necessary to to meet that requirement and now the. Fed has to step in and that's what you've seen because if the Fed doesn't step up in that's when you see something like the overnight repo rate jumped ten percent yup where it was under two percent before that explain what overnight repo right is a lot of people don't know what that is a repo rate a lot of leverage leverage bond funds things like that use them to where you use a security ed or maybe a a mortgage mortgage bond or something as collateral in order to get a loan for you know certain amount of days or something from the bank right terminate its short-term money yeah right exactly and you know. I it works when the liquidities there and you can boom boom boom boom boom boom but then when there's no liquidity now in order to Linden overnight. I'll we got to charge ten percent yeah. It's it's a scary situation percent annualized so it's not ten percent. It's it's it's at the annual rate of ten percent yeah exactly yeah ten percent overnight. You can do on the repo though you can't stretch that out yeah but so what you know that's an interesting topic what we're talking about here because if you go to borrow money honey overnight and you're using stocks and bonds is security guy. There's no cash available to borrow that money. That's basically what we're talking. Talking about. Correct in the Fed has to inject the cash n so that the people that are borrowing this money are like appropriation needs working capital utility for example. Maybe need some cash for whatever right here's here's the problem and the potential the potential next within the chain link. Is that if you can't get cash from the bank then all right. Maybe you have to start stealing selling on securities or let's say that there's no demand because a lot of people have to sell securities well. There's not the demand to meet the supply on the flip. flipside will now the securities drop in value because there's no liquidity is no liquidity interesting. The biggest the biggest the problem in two thousand and eight was the liquidity crisis well one of the biggest problems there was there was no liquidity it dried up in money markets. Everything I mean heck treasuries even you you couldn't find liquidity and and that's that's the scary side of the the banking system is more so I would. I would honestly think that liquidity events like this or probably more scary than in delinquencies and defaults okay so now we'll get into regulations. Tom could jump in on this because you will experience here. I bet so typically corporation would borrow this money back. They'd have a working capital line of credit but obviously it's too difficult. It's it's too hard for them to borrow money due to regulation it's right so they're having to go to this more of a you know. What do you call this money-market money market lending which you know something that we need to be talking about right yeah when the short end of the market which is what it is which is typically the most liquid part of the market and is used to finance everything else when the short end of the market becomes comes illiquid it can cast illiquidity into all the rest of the markets. That's what can happen there. You go wow something something to be talking about. Oh Yeah and then but the interesting thing from that too is is What does that do to the spread if it casts liquidity throughout throughout the entire a try yeah ten percents. That's that's an you talk about an inverted yield curve at that point you know if you're getting three four five six percent on the short end in one point five on the long end Ooh. That's you know that's a big time. Inverted yield curve at the slide. Yeah Yeah Slick ice and that's where you know when you get something like that. I it in a sense and that's what I was trying on to get it. It's almost like a bank run in a sense in the fact that you put so much pressure on the reserves of the bank that they've got to do something like this so the Fed steps in and they're repo rescued leaves many searching for answers yeah that's savvy it goes hand in hand and that's where the the repo rate so borrowers in the market for Repurchase Repo Agreement Height as much as ten percent in morning trading verses recent rates with just over two percent this surge spurred the Federal Reserve Bank of New York to pour billions of dollars dollars in financial system to bring the rates back down so you know as you were saying God banks and brokerages use Repo contracts to borrow short time Nash Rush. Well it take what they do. Repo is they take treasury that they own and they do a repurchase agreement. They'll borrow borrow against it and the the lender can take the treasury as collateral if they don't perform on their note and it's it's it's basically like Azero in a sense and the fact that I will give you a hundred since on the dollar for your your treasury bill but you give me one. Oh one or whatever it may well or I'll I'll give you ninety nine point nine nine nine nine. Yeah just yeah just make numbers as a win and you give me one on one so that to get the to get the treasury back. You've got to pay him well. The problem is it doesn't make sense to give them something that you're going to have to pay annualized allows turn greater than what it's paying and what it's paying yeah and that's where we were talking about flipping the yield curve and when you flip the yield curve in and you drop the liquidity there well the Leveraged Fund they've got to do one or two things that they've got a hopefully hold on and hope that it gets better very very quickly or they've got to start de leveraging and if they start de. Leveraging they're selling Joan. They're selling and if there's there's that liquidity event on the short end like you said then. You're probably going to have a liquidity event on the long end if it lasts for a decent amount I it's it's back to the the impact of some of these regulations have been put in place since the crisis they. I don't think they estimated this would happen. It's the law of unintended consequence that's right arm and talk a little bit about depre- financial group were our last minute and a half. We need talk a little bit about our firm. Show US some love here. Hey the smell of bake fresh baked cookies when you walk through the door on Main Street likes it. Kentucky Yeah exactly depre- financial group is a candidate and diligent guide we educate empower and and what's the other one. God and I that's our that's our job with our clients is to be good good at these things so that our clients don't have to be although we do want them to understand what's going on with their money. If you're a retirement investor you ought to come see us because one of the things that happens when you come see us as you learn more about what you've got and what you can.

Fed Repo treasury US Federal Federal Reserve Federal Reserve Bank of New Yo Nevada depre- financial group Donner Tom Kentucky Leveraged Fund Joan Nash Rush ten percent two percent
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

02:45 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Law. Stay with us. You are listening to the Tom depre- show. It's News Radio six thirty, wwl EP the news, you want to know. America does not want to witness a food fight. George check in for the very latest. We're gonna have a lot of fun running against that News Radio six thirty gel new LA v. Hi. This is Tom depre- fiduciary as a person, or organization that owes to another the duties of good, faith, and trust is the highest legal duty of one party to another and it means being bound ethically to act in the others, best interests at depre- financial group we act as a fiduciary to our clients, when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees, only in asset base percentage fee of our clients assets, which directly, aligns, our interests with their think about it a financial advisor, who does. Well, when you do well, if you'd like to know more about how this might work for you. Give us a call at depre- financial at eight five nine two, three three zero four hundred for a no obligation meeting, and discussion of your account. That's depre- financial group at eight five nine two, three three zero four hundred six thirty wwl. AP. Down at and home. Wade donate a fuck Frei. Woman left me here last time they wide the same. Thing. I gotta get back down. View. I'm on the word, but we make a hundred dollar. In the road. Thank that you'd have. I. Leave me here. Be cowboy. Back on the Tom Brady show. This. I'm gonna get over into. Economics here for a little bit of Japan's banks pinched by zero yield experiment. This is from the Wall Street Journal..

depre- financial group Tom depre fiduciary Tom Brady Wall Street Journal LA America advisor George Japan Wade hundred dollar
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

05:44 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Hey, rob tells a little bit about the ESPN zone though. How that got started that that's kind of an interesting story in it. Yeah. So the way that Disney worked under Michael Eisner was just unbelievable. So they were contemplating the purchase of ABC. And he had a habit of bringing in all of his executives before a purchase so that they could figure out how to brainstorm and how to make the most out of any sale before they purchased it. They went through all of ABC's assets. One of the little known asset. Was that, that ABC owned eighty percent of ESPN, and they thought that that was the least of least important of the peace, but they thought, well, maybe, there's some there is some brand equity. How? Do we leverage that and literally two weeks before they purchased ABC? They called up, what a Vinci, was my boss at hard rock and says, can we leverage what you do at hard rock with the brand ESPN and can we do it? And they created fifteen things to extend the brand two weeks before they even purchased. And by the time they purchase it, they had hired my boss within a couple of weeks. They adhered me and literally, it all came out of that. And now I don't know what the valuation is. But I'd be surprised if ESPN wasn't worth several hundred times what ABC's worth, right? You know, probably probably. Yeah. Wow. In the ESPN zone, the whole brand story behind what they do at the ESPN. I mean it's not just a sports bar. It's an experience. Yeah. Though we try to figure out how to. To not only give a great credible, dining experience. I mean we had full on chefs, right? But we also tried to put people that were interested in sports casting into a dining area that was all about sports casting. Secondly, we separated out the idea that if you wanted to watch a game you needed to see it like literally I spent three days and all I did this before computers and internet. I, I went to the library and got one year's worth of TV guides. And I literally sat down with every sporting event, over the course of a year to determine how many screens we needed to have. Yeah. So we determine that we needed to have thirteen screens to be able to, to, to play everything. And then I realized that there was dead spots. And I realized that man November when hockey and basketball and college basketball, and football and college football or going on, man, you need. Screen, right? And it was it was just that, you know, down in the dirt put your hands in the soil kind of thing. And it was just so fun to try to figure out all your back to farming. Yeah. Exactly. Well, analogies don't go far away from the boy, right? Yeah. But, you know what's interesting about that story is, you're, you're at the ground floor of developing that whole concept. I mean, all along the way and going back to farming all along the way, I've been blessed and the reality of it is, is that I was lucky enough to be put in a position where my background perfectly fit, and my background was forming. And I think that my calling card throughout my career has been that. I'm not afraid to work hard all work harder longer more physical than anybody. And I'm not afraid of the blue collar work, but I was blessed genetically to be a thinker, and to be curious about stuff and just say, screw it. Let's do it. I don't know what we're doing, but I'm going to try right? So kind of having that blue collar white collar Natale switch has been really really great for my career. Great. Stay with us. We taking a break here is the Tom to preach with our special guest, rob Perez of deviate kitchen. It's NewsRadio six thirty, wwl AP. Real stories are on China baller should testify attorney general bar happening in real time with inflammation. That is. This is relied real people. Issues us radio six thirty. WLA P. This is Tom depre- fiduciary as a person, or organization that owes to another the duties of good, faith, and trust is the highest legal duty of one party to another and it means being bound ethically to act in the others, best interests at depre- financial group we act as a fiduciary to our clients, when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees, only, and asset based percentage fee of our clients assets, which directly alliance our interests with there's fake about it a financial advisor, who does. Well, when you do well, if you'd like to know more about how this might work for you. Give us a call at depre- financial at eight five nine two, three three zero four hundred for a no obligation meeting, and discussion of Europe. Camp. That's depre- financial group at eight five nine two, three three zero four hundred six thirty, wwl AP. Sweet.

ESPN ABC Vinci Tom depre rob Perez Michael Eisner depre- financial group fiduciary Europe Disney China advisor basketball football hockey attorney two weeks
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

05:11 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Interesting. I just think this is a host of of liberal writers. It's just it's what you get. With with the left nowadays. And and people who. Support abortion. Many of these articles report repeat the same falsehoods. The suicide article for time is particularly bad since nine percent of abortions are committed during our after the second trimester. When the baby is between fourteen and twenty seven weeks old and can sometimes be born as a preemie the suicide instead focused on the one point two percent of abortions committed during a third trimester. Which is appointed which most unborn babies can be saved through C-section or induced labor going by the centers for disease control and prevention figures, suicide is really talking about fifty seven thousand abortions, which suddenly doesn't seem so rare. The Sulu claims that light term abortions mostly happened because of a serious fetal nominally for the health of the woman. See that's the thing. They it because I don't want the baby. That's why most of it happens is they they don't want to deal with this child. Out of convenience. I understand a baby is a severe. Hardship and can be but. You have to take into consideration that you're extinguishing a life in doing this. Women who sought these procedures were more likely to be young minority. Women with limited financial resources reasons were given more logistical than medical. They may have aborted because they didn't know they were pregnant until later in their pregnancy had trouble deciding or had trouble making arrangements claim that many light term abortions are performed on women who face medical problems also turned on its head when medical professionals, including former abortions knowledge that abortion is never medically necessary in cases of medical emergencies child may be delivered by C section. It's never medically necessary. According to people that are have been in the abortion industry. So this is interesting. I found that really hard to believe. That's what I believe. That's what it says. But I just I mean your own. In your family. You've even head situations, and it was a long time ago, but your grandmother passed away having your father. So you know, and she declined doing anything about. I'm I'm glad she did as well. But that's a situation where you know, it was life threatening. And I told her it was life threatening. So I don't buy the fact that it's never life threatening just going by what the these these people that were in the abortion industry said, I know, but she you always say don't believe everything you read all I'm saying strew. Well, anyway. Maybe it is maybe it isn't. But it in most cases, isn't let's just put it that way. Stay with us. You're listening to the Tom to ratio. It's newsradio. Six thirty Debbie Elliott p the news you want to know. Today increased tariffs on Chinese goods news, Donald junior subpoena, you need to know James Comey. Justice Alito stay in the know short range missiles with each radio six thirty WLA. This is Tom depre- fiduciary person or organization that owes to another the duties of good faith and trust is the highest legal duty of one party to another and it means being banned ethically to act in the others best interests at depre- financial group, we act as a fiduciary to our clients when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees only an asset based percentage fee of our clients asset which directly alliance our interests with their think about it a financial advisor who does. Well, when you do well, if you'd like to know more about how this might work for you. Give us a call at depre-. Eight five nine two three three zero four hundred for a no obligation meeting and a discussion of your account. That's depre- financial group at eight five nine two three three zero

depre- financial group fiduciary Tom depre Justice Alito Debbie Elliott James Comey advisor Donald twenty seven weeks nine percent two percent
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

08:05 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Hawkish? Islamic militants. Okay. Stay with us. You're listening to the Tom depre- show. It's News Radio six thirty W L A P. While they're stumping, he Trump into racist wide open as the twenty twenty presidential race begins. Bring you all the news, insight, and our political circus us radio six thirty WLA. Hi, this is Tom debris a fiduciary as a person or organization that owes to another the duties of good faith and trust is the highest legal duty of one party to another and it means being banned ethically to act in the others best interests at depre- financial group, we act as a fiduciary to our clients when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees only in asset based percentage fee of our clients assets, which directly aligns our interests with there's fake about it a financial advisor who does. Well when you do. Well, if you'd like to know more about how this might work for you give. Us a call at depre- financial at eight five nine two three three zero four hundred for a no obligation meeting and a discussion of your account. That's depre- financial group at eight five nine two three three zero four hundred six thirty wwl AP. The. Goodbye to. Be. Feels good. I. Was gone now. I. Have been schools on. That's where. Back on the Tom to free show. More of Billy Joel seventieth birthday. Not so bad, eight still selling out Madison Square Garden. Yeah. Tenuously so. Yeah. Seventies. Not bad. Does. He play there regularly. Yeah. He's doing a residency there. And I don't know. I think it lasts till November. Yeah. And so he just plays there. What once or twice a week? I don't know. What I don't know. How often he plays there? We have to kinda dig that out. But I think two thousand twelve he said he was pretty much done playing. And then when he did the benefit concert for the hurricane sandy victims up there. He was like, you know, what let's do this again. Yeah. That kind of prompted his residency at Mazuz quirk. Art, right. So. Six reasons why Trump won't back down on his China trade war. This is from Jim Cramer. So as you know. President Trump did a lot of tweeting this week talking about imposing tariffs on a significant amount of Chinese goods more than what it had been imposed and. He did it yesterday Friday kicked a man. And the stock market took some huge hits over it. But. Town of came back yesterday. So people think well is he bluffing? And Jim Cramer says no he's not bluffing. Jim Cramer says see six signs that President Trump won't back down on the US Chinese trade dispute, which could spark huge new tariffs on Chinese exports as early as Friday which was yesterday. You can see how the president is framing things. It's broken deal. Broken by the Chinese Kramer, said thirsty during an exclusive video conference call. I know that sometimes the president can seem to be flamboyant his attacks. But it sure seems like the last minute actions by the Tiny's totally backfired and sent negotiations back to the hard liners Kramer says he sees six reasons why Trump won't back down against the Chinese number one US companies already got big tax breaks, the president gave all US businesses huge tax breaks as part of his two thousand seventeen tax law. So Trump believes they shouldn't suffer all that much. If they have to pull out of China altogether. Number two, Trump wants to keep US dollars away from China. Trump really does want American companies to do less business in China. So the Chinese won't have enough money to advance their belt and road initiatives and geopolitical aims, three other countries offer low cost manufacturing also US companies that. Insist on using Chinese labor and manufacturing. We'll have lower profit margins than if they move operations to other developing countries, Kramer, cited funk co is one company that understands this. Well. Number four Trump's basis still with him. You'd think that Trump supporters would be upset about the higher consumer costs that US tariffs can bring, but they aren't complaining they believe this is a patriotic war and they're happy to fight. It Kramer said they'd boycott products made in China if the president asked him to. Five America doesn't export that export that much to China. Anyway, Trump knows the US economy is huge and service oriented and won't export that much to China in any case. So he's ready for retaliation. He'll just make fun of anyway, Kramer said. And six the president doesn't care if China loses face unlike previous presidents, Trump isn't worried about giving the Chinese away to save face. Instead, he wants to rip their faces off to the delight of his base, Kramer said those who are really hurt like the farmers will get US government compensation perhaps from the money taking in from tariffs. So those are some reasons that Jim Cramer is giving for the president's willingness to stand his ground on China, which I think I believe those are true. I agree with him on that. And. The Chinese have been bad players. They have been willing to take American information, and and intellectual property and steal it. They've played by their own rules, and they're their own rules are dirty and. He's finally calling them to. Account for it.

President Trump US China Jim Cramer Kramer president depre- financial group Tom depre Tom debris fiduciary Madison Square Garden Billy Joel advisor Tom Mazuz quirk Tiny America
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

06:14 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Like. You know, when they're in pain, they're they're stressed. And when they're stressed they bleed and the so you got one side of the the Al that s- pro pro Lasix? It's the humane thing to do the other the other side of the Al says. You know, we don't need any race day. Medication? If the horse can't perform on the day. Because there's some issues that are causing it stress than, you know, find out what those issues are take him out of training if need be and get them. Well, and then bring them back and and run without the medications. So on that side of the out of I think, I think Arthur handcock has been a no drugs type guy. He's come out very strong on that issue for some time. He's one of the better known ones. Right. I think no doubt about it. They. Arthur is is. Has longtime forever been van anti medication? And a and a, you know, a strong voice on that side of the owl and there many of them. But when you when you think about the issue, and I don't know where where this is where we want to start with this this commentary. But when you think about the issue of where the only jurisdiction in the world. That allows it allows race day medication. Right. And when you think about the optics of that. When you think about other major league sports, and we're in an entertainment business. We're we're gonna sports equine sports business. Thoroughbred racing. When you think about it that way, we're we're an outlier. Yeah. We're not like. Yeah. So recently, though, twenty race tracks came together and announce that they're going to implement this plan starting to twenty twenty is that right? Correct. So it coalition of race tracks as a result of the. Procedures that the strongest group put in place, they they eliminated eliminated. They came out and said, we're going to follow the guidelines international federation force racing. Authorities have HA and we're not gonna Lau number one. We're not gonna Lau Lasix twenty four hours before the horses race. So no race day. Medication? And then we're gonna also put some some other procedures in place to ensure the safety of the horse and rider and went through a list of those what happened with with that position was is. California was where this all started. But it's it's a problem across country. And and the the movement was the the trainers that could leave we're gonna leave California. So when you think about it what what's going to happen to Santa Anita. Well, they're they're going to suffer as a result. So the the race track said, hey, you know, this this is a this is an industry problem this in California prop, this is an industry problem. And and we need as an industry we need as a group race tries to come together. Support California's strana group, and let's see if we can find some middle ground and put some some procedures in place that we think address some of the issues, and and it was it's a first step for step. Yeah. This is great news though. Because I know how important it is to you know, how important it is to you Reynolds. You you you've been quoted many many times I love this quote. And it is if you take care of the horse, the horse will take care you. And I know you and your company have been significant leaders in supporters in the safety research for Ecuadoran industry. I think y'all kicked off a thing a couple of years ago, the Kentucky initiative of the Grayson jockey club research foundation announced that heels of this successful Callen initiative, y'all launched the Kentucky initiative supporting research for safety in the third grade industry, and you all you are one of the leaders in that let's get into that. When we come back from our break, you're talking we're we're talking to rentals. Bell? This is the Tom to pray show. It's News Radio six thirty AA p. Where people come to talk. We got to stand up, and we're gonna take our country back. You are my inspiration. Newsradio six thirty wwl E. Hi, this is Tom debris fiduciary as a person or organization that owes to another the duties of good faith and trust is the highest legal duty of one party to another and it means being found ethically to packed in the others best interests at depre- financial group, we act as a fiduciary to our clients when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees only in asset based percentage fee of our clients assets, which directly Lance our interests with there's fake about it a financial advisor who does. Well when you do. Well, if you'd like to know more about how this might work for you. Give us a call at depre- financial at eight five nine two three three zero four. Hundred for a no obligation meeting and discussion of your account. That's depre- financial group at eight five nine two three three zero

Arthur handcock California depre- financial group Lau Lasix Ecuadoran industry fiduciary Tom debris Santa Anita Kentucky Grayson jockey club research f Lance twenty twenty Reynolds Tom advisor Bell
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

05:34 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Crusade. Our politicians and obsessive political observers right part from the press. No, one cares. Whether Biden launches his campaign on Wednesday, you're thirsty via video or rally and Biden's numbers following the inappropriate touching allegations were barely affected. That's why I've never fully brought the interpretation that Biden this foolish. But even to go down this path. What if another enough primary voters here all scrutiny of Biden's past and all the declarations these out of touch with the parties present and future instill liking him. Anyway. Other candidates have made the bet that Biden's collapses inevitable, but it's just a bit. So, but this guy says is that they they think that he won't make it. He's not sure stay with us. It is the Tom depre- show on NewsRadio six thirty wwl EP. What's going on? Scandal cases of measles for. Inform the border child separation of full fourth. In chacha. Every day for everyday life radio six thirty. Hi, this is Tom depre- fiduciary as a person or organization that owes to another the duties of good faith and trust is the highest legal duty of one party to another and it means being banned ethically to act in the best interests at depre- financial group, we act as a fiduciary to our clients when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees only asset based percentage fee of our clients assets. Which directly alliance our interests with there's fake about it a financial advisor who does. Well when you do. Well, if you'd like to know more about how this might work for you. Give us a call at depre- financial at eight five nine two three three zero four hundred for a no obligation meeting and a discussion of your account. That's depre- financial group at eight five nine two three three zero four hundred. Six thirty wwl. Spill into the. Flee? All the. She. Chai? Good mom. Swing and. Sollers tryst. Take requests. Gotta few. Play that song or Sam Cooke. Cook died at the age of thirty three on December eleventh nineteen sixty four at the hacienda motel. There's a lot of. Controversy surrounding his death. You studied a little bit about it Kurdish. Yeah. Just saw the Netflix documentary on him. Yeah. Interesting character. Listen, the first part of this song, we talked about cokes on the icebox because he came from a very religious family and much of his early song. He didn't want to dip his toe in anything controversial to make his parents angry. Right. He has a voice. That's just. It's so distinctive and. That sort of tie tenor. Just beautiful great voice. So back to this Biden and. Thing again. Conservatives reject so Biden was on the the view the other day. And. He said that President Obama's administration did not have a single whisper of scandal for all eight years during his appearance on the view. I'm incredibly proud to serve within. This is the article by Giulio rose Austin, Jerry Dunleavy. Thing. I'm proudest of is we were each in the different parts of the country. And we were talking to groups of people that were being televised in the same day puree purely coincidentally, we were asked what were the proudest thing you had from the administration. And you know, what I said he said the same thing not sing one single whisper of scandal. However, others would say that.

Biden depre- financial group Tom depre measles Cook fiduciary Jerry Dunleavy hacienda motel Giulio rose Austin Netflix Sam Cooke advisor President Obama eight years
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

08:22 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Succeed. When you're when you're using chess as a way to. Look at life so to speak. There are certain moves that you make that that can translate into business. Also, perhaps, you know, you see things coming and you try to anticipate them those sorts of things have you ever thought about that? Yes. Chessel really lay life. You can have your best planned, and you something phony in chess is that if you think well, I'm gonna move these. And then I'm gonna move dot. And then I'm gonna go here. And then what I do this other thing that's your plan, but you have to take into consideration the other player right in this case they'll play or in business. The other player is life all their businesses. So you can know calculate like that you have to take into consideration. What other things could happen? And even when you do your best calculations you never know dry because life is like that. So you always have to take into consideration. What you're going to do. But also what the other person is is going to or what life is going to his hard sometimes. But at least you go with your best gas, and you go with your gut or knowledge, and you have a strategy, and you have that. Yes. Yes. And sometimes you lose a piece important piece. Maybe you don't do well in your business, or whatever it is. But you most strike it off and. Have you always had this positive attitude about things even when you were back in Mexico before you came to the US? Well, okay. So I have a positive attitude. I didn't know that. But well, it it sounds like it, you know, what I was telling you at the beginning of this show that I used to be with my father all the time when I was little because I had to watch over his epilepsy. Right. And that teaches through something or that teach me something you have to make this issue and really quick sometimes even at that age. And you made the best of it. I mean, you that's that's all you can do. Now, I realize that when we I was little we were poor. But we didn't know so, but we had happiness. That's something that we could have it doesn't matter. How will you are? And I've been trying to bring along my whole life with me. That he saw with a positive in every situation. And if there is not at least that is the positive that you will learn a lesson from whatever situation. Right, right. That's interesting. It's very good. Thanks them. A lot of people of don't see things that way. Marcos. If you just now started to listen to us, we're talking with Marcos Valle Dez who's the owner of poppies Mexican restaurant and bar and poppies is located at what's eight equate avenue Euclid avenue in in Lexington and Browns right above Charlie Brown's amazingly. Well, I'm looking at some of the reviews. Amazingly. Well, prepared food. I had the adobo deport co. The meat was very tender and flavorful in his peppery red sauce with garlic noticeable, but not overwhelming the black beans rice, even the tortillas work cut above to top. It all the service was impressively attentive and fast, we were seated almost immediately snappy service was obviously something trained in. This is all very good stuff it reflects well for you example, as our chips got about half empty. We were enjoying the salsa and walk moly leaving only. Smaller chips are waitress noticed and went to get more for us Marcos notice the same thing picked up our basket. But the next basket of chips was already being set down by server we had full sized chips and under a minute of the last big chip being eaten. There was nothing that I wanted from the experience that I didn't get great place. Great people running it. But B that's a wonderful compliment for you. Yes. We are very very lucky very blessed. We have wonderful customers we didn't Chevy Chase. We've been very supportive by the neighborhood. And when I do this location. I wasn't so sure I took it because I wanted to do something better than was. Win. But it was it was really a blessing because that neighborhood this great though, every single frame now in customer their grade. They're very nice the I just love it there. Well, that comment to I've what I love most about that particular comment is it really encompasses the essence of poppies from the food to the service to your obvious imprint on your your white staff. It it says at all I mean that that it really really sums up the whole poppy experience and what she set out sort of as the prototype to accomplish too. I think. Yes. Well, you're right. And I really appreciate that comment. I need to read my my comments because. Reviews. Many good ones. I need to say down in rhythm. I haven't had time lately we've been very busy. But you know, what? Sometimes people go to places, and they enjoyed themselves and everything, and when I say that would be blessed very lucky is because in this case taking the time to write a review for you. And I do that every once in a while. But I don't do it that often, and what I great thing for people to you know, to place enjoy themselves, and then transmit that to other by the nice reviews to make a huge imprint. I think it has to be an exceptional either exceptionally bad experience or an exceptionally good experience to move somebody to right through to go to a site Rutten. And I'm sure they have some people that just really enjoy doing that as well. So they find something good. They wanna share it. But okay, let's go to a break here. It's the Tom depre-. Show your we're speaking with Marcos Valle Dez it's NewsRadio six thirty wwl pay. What's going private? Scandal cases of measles. Turn on to be informed. The border child separation full report champion and Chacha. Every day for everyday life. Jio six thirty p. Hi, this is Tom depre- fiduciary as a person or organization that owes to another the duties of good faith and trust is the highest legal duty of one party to another and it means being bound ethically to act in the others best interests at depre- financial group, we act as a fiduciary to our clients when managing their investments. This means simply that we put their interests first, we accept no commissions or transaction fees only an asset based percentage fee of our clients asset which directly alliance our interests with there's fake about it a financial advisor who does. Well when you do. Well, if you'd like to know more about how this might work for you. Give us a call at depre- financial at eight five nine two three three zero four hundred for a no obligation meeting and discussion of your account. That's depre- financial group at eight five nine two three three zero

Marcos Valle Dez Tom depre depre- financial group Chessel fiduciary Mexico US Chevy Browns adobo advisor Lexington Charlie Brown
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

05:32 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Businesses. Every business has different characteristic. The paperboard business is different than the energy business. The electric utility business is different than a mortgage real estate investment trust business. But you look through the business to see what is the core of that business, the electric utility business. What's the core of it? It's you or me paying that electric Bill once a month. So that we'll have electrically in our our in in our homes, many of these businesses you can look all the way through to them. And what you'll find is a consumer who is paying his or her Bill every month. To have this service. Same thing with mortgages mortgage rates. You look down through a mortgage rate. What's you know, some of them can be kinda complicated. I if you look at them on the face of them. But if you look deeper what you get is there's a mortgage and a house and a consumer or. A homeowner right? Who is making that mortgage payment once a month to pay for that house? And that's where your cash flow is coming from insurance. You look at an insurance, and you you look at what's the core business there. It is a person or company who needs the insurance that's making that monthly or yearly premium payment for that service. So in same thing with the oil pipelines. What's the customer there in that case, it's an oil company or an energy company who needs to transfer its energy through a pipeline to get from point a to point b they're paying the toll just like a toll road would be paying its tolls to get people from point eight point be there is a consumer. There's an. End-user in there that's making that monthly or daily or weekly payment or quarterly payment to the investor and it this corresponds with the investors. They have a need for monthly income our clients, you know, you can't spend growth you might in and so many people predicate their investment plans for retirement on growth will growth of what and win. How do you know? What's going to happen? Right. That's the thing. Right. And when we're looking at these businesses like the examples, you were just using what is what is the pure underlying idea the business aircraft leasing companies? It's it's a Bank. Yeah. So it it it has the same business model as a Bank, but it's very specific and more receives lease payment. Exactly. And so when we're looking at these companies, what's the the pure underlying business who's the consumer. And what is the the commodity or the thing that they're producing that accomplishes that pure part of the business, right? Stay with us. You're listening to the Tom depreciate. Oh, newsradio. Six thirty. Wwl. A pay the news you want Zealand. The news you need to know. By the Senate. I will be telling stay in the know immigration crisis climate change needs with NewsRadio six thirty loss. I'm Tom debris during times of market volatility is we've just experienced it's easy for investors to panic. Some investors want an easy solution like an annuity to manage the ups and downs of the market someone to seek the safety of bonds and bond funds at times like this. It's often wise to examine what the long-term returns of equities have been versus other asset classes at depre- financial group. We use times of market volatility as an opportunity to purchase securities at lower prices than where they may have recently traded if you'd like to know how our investment process may help you and your retirement investments, then give us a call at eight five nine two three three zero four hundred to set up an appointment. It may be an eye opening experience for you in this new year. That's depre- financial group at eight five nine two three three zero four hundred and depre- financial dot com. Tom six thirty W L A P. Let's dance. Van. Need? Leaves on. Oh to sound. Please call. Odd strang.

Tom debris depre- financial group strang Senate Zealand six thirty W
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

05:03 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Americans. In two thousand eighteen it's estimated that almost half. The 'cause we receive will be spam though. Not all spam calls a robo calls vice versa. This year, Florida. Authorities sent out hurricane warnings using robo calls doctors officers and banks or some of the businesses that use them, but many are scams. And if you think things are better abroad think again, the Koller company I de Haya recently reported that it flagged eighty five billion robo calls globally in two thousand eighteen Wapping three hundred twenty five percent increase. So what can be done to stop? It illegal robocalls, and militias caller, ID spoofing or massive problems facing American consumers and businesses cells says will why Quist a spokesman for the FCC who says the calls are the FCC's top consumer protection. Priority. Some solutions that the FCC has launched her improved. Call blocking rules for phone companies more reliable call off than it -cation technology in major fines against call spoofer. In two thousand eighteen the FCC find a Florida man one hundred and twenty thousand million after he made more than hundred million robocalls using this during the three month period in two thousand sixteen there are several free robo-call Bob blocking apps such as high aerobic killer and true caller, which uses database containing known scam numbers to filter incoming calls. Some Americans are using more drastic method they've stopped answering their phones entirely. I get a lot of robo calls. So I never answer my phone unless I know the number says Ryan anyone who actually knows me can just text me or leave a message. If it's important was too bad that people have gotten to the point where they just don't answer the phone. But that's evidently the way it is with certain people. Says robo calls are different breed altogether in the nineteen nineties and early two thousand when big companies like Ford and AT and T use telemarketing programs the mere threat of prosecutions that do not call registry. Representative was enough to determine them today. Many robocaller simply don't care. They just don't care spoofing or the process of disguising real phone numbers with once from local area codes gives them the ability to make an honest calls from anywhere in the world. And the software they use to make the causes extremely cheap costing only a fraction of penny per minute. And that's just if the caller picks up. The proliferation of robo calls made it less expensive for telemarketers. To reach potential customers and for fraudsters to reach potential victims and indeed many of these fraudsters. Of target older people and try to get in their pocket. And this is the thing that we had depre- financial group. Take very seriously, it's older people and their financial security. For retirement and otherwise stay with us. You're listening to the Tom depre- show. We'll take a break. Now. Newsradio six thirty AA p. The world is watching. Focus issues that matter twenty twenty change information every day radio six thirty wwl AP. Hi, I'm Tom debris during times of market volatility is we've just experienced it's easy for investors to panic. Some investors want an easy solution like an annuity to manage the ups and downs of the market someone to seek the safety of bonds and bond funds at times like this. It's often wise to examine what the long-term returns of equities have been versus other asset classes at depre- financial group. We use times of market volatility as an opportunity to purchase securities at lower prices than where they may have recently traded if you'd like to know how our investment process may help you and your retirement investments, then give us a call at eight five nine two three three zero four hundred to set up an appointment. It may be an opening experience for you in this new year. That's depre- financial group at eight five nine two three three zero four hundred and depre- financial dot com. Six thirty. Wwl AP. I

FCC depre- financial group Florida Tom depre Quist Representative Tom debris Ryan AT Ford three hundred twenty five perc three month
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

10:01 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"Com. Six thirty wwl AP. Back on the Tom to free show. How did the stock market gets so old companies are already grown up when they go public and big corporations like Amazon keep swallowing younger competitors. Certain adjectives come to mind and describing the US stock market sprawling resilient diverse. Here's another you probably haven't thought of old thanks to an absence of new entrance. The average age of companies listed on the American exchanges has been steadily rising for three decades. Now, it's twenty years almost twice the average in nineteen ninety seven during the dot com. Craze the market won't be getting much younger this year six unicorn tech giants including revenue ridesharing network. Uber technologies and online home rental of service. Airbnb preparing to go public at an average as this four years older than what? Was typical two decades ago. So this is interesting. The the market doesn't seem to be getting the younger companies to market is quickly on I feel like this is, you know, we talk about unintended consequences. And anytime anytime something happens. There's always the I call it the law of unintended consequences. You're not the first person to ever come up with that. Whatever. So no ego into room here. Now, don't worry. So, but when you look so when you when you lower interest rates to where they lowered them to. Yeah. This is an unintended consequence in it as a private company, the a lot of times, a big reason that you do and I p o is for capital. Yep. Right. If I can go out and I can borrow as a private company at two percent. Yeah. Why the heck why the heck am I gonna go? Right. You know, why am I gonna sell my company hairs because when you when you do an peo- you give away control oughta time. That's right. Well, you give away partial control you have to now enter the SEC. And the only reason you would do an IPO is for liquidity purposes. Exactly when that's the thing is if you sail X amount of shares in on you don't keep voting control, you give away all contrived that point. And this way, you know, you can continue through capital markets, and you can you know? However long you wanna keep your company private and right now what what's what you're seeing. A lot of times gopro was one is a lot of times. Now. It's for liquidity of ownership, and it's not more. It's not as such where you liquid to to grow your business. Go pro was more. Hey, you know, I wanna make all my family's billionaires. Right. Let's go ahead and interesting get the get the stock liquid and tradable, and that that's, you know, so in some of these instances, that's what you're saying. Once companies do is they so this was another thing too. They said once companies do is they quickly become prey so in a market dominated by mega caps behemoth swallow competitors with ease. You know? That's another unintended consequence of low interest rates of I'm sitting there, and you put your you put your stock out there. Well, now, it's got a stated value. That's right. You know as a private company, I can I can go she ate for days. I'll give you a billion on how we'll take fifty billion. You know, it's it's completely up to the two parties negotiating when you throw your stock out there as a publicly traded entity when the market tells you what you're worth at that point to to certain extent. So now, a you know, if you can ago sheet still, but at the same time if I don't like how the negotiations are going round the backside I can start accumulating shares. Can accumulate voting rights and then eventually accumulating control. So you know, that it's always it's always a double edged sword. When you look at things. Yeah. It is. And when a company sells shares to the public what they're doing is. They now have to go by the public's rules, which are governed by the SEC they sell access to their company. They have to basically report to the public what they're doing those kinds of things. So there's a lot more headaches involve with with going public. It's completely new world when you go public, and and thanks to the regulations, and the things that we need in place for obvious reasons. But I think you make an interesting point fill up the the interest rates have been so low the access to capitals been so available. You know, the the appeals are Canada's in blow I'm kind of interested in what what you all think? There's the two that are talking about this year. Uber and Airbnb or pretty pretty interesting concepts both of them. What's what do y'all think about that? You know, I've used them both extensively. They're outstanding companies have a win win Darshan. I went to Europe couple years ago. We never stayed in a hotel the whole time we used Airbnb every step of the way we never took a regular cab ride. We used Uber the whole time. Yeah. And I think it comes down to adoption rates on both sides. This was all over Europe rised because you've gotta have because all is is basically an algorithm that was created by someone to match driver with a rider. Yeah. You know? So they're both great companies in that they they use the other thing they do is they take unused inventory and turn it into inventory. That is guys car is unused inventory. They make it something that it was not previously. It's it's now. Productive vehicle in the economy. They take unused inventory, which is somebody's room in their house. And they turn it into hotel inventory. Basically. It's it's it's genius. It is it's incredible economic generation generator. Yeah, they do. There was just an article in business. Lexington this week about how many Cup of properties in Lexington have been turned into Airbnb properties. Not my son who is twenty nine years old. That's the only play. He uses Uber in uses Airbnb. He he didn't have a Marriott points card. That's that's where he when he travels. Yeah. And I think too that you know, from a consistency standpoint. You know, your son is now a consistent customer when you when you build out these adoption rates, and you get people to adopt a drivers. But also people to. Optus customers. Now, you've got a sustainable business. You you've got a business model that should be more consistent. And it's it's the same thing. You know, we talk about with with net flicks of sorts is that you you build out the you build out the consumer base, you know, that's the adoption rate when the other thing too. It's kinda ties into the inflation story. You know, we were talking about in retirement Hooper in Airbnb even allows retirees additional sources of inconven- comb, they can use their house, and they can use their car two of the biggest unused resources sitting around. You know, it's almost as bad as church buildings. Once a week when you think about it. You've got your retirement asset your house, and your colour those are in terms of asset value, probably your three highs valued assets. Right. When you've gotta make them all work for you. Yup. In some form of fashion, you know, whether it's. You know, driving to work or using it to create income for you. Right. Those can all be used effectively. All right. One of the things that need to tell you is that depre- financial group specializes in retirement investing, where candidate diligent guide to our clients on how to invest their money profitably and produce income for them throughout retirement, if you would like to meet with us, you can call us at eight five nine two three three zero four hundred or citizen, Email info at depre-, financial dot com. Set an appointment and come in to see us. Big day today. Final SEC game. Guys. It's been a good good. Our pre. She it Philip. Yes, I guy I Kim. Joy that always our executive Elizabeth is here. Thirty W L A P.

Airbnb SEC Europe US Amazon Tom Philip Lexington depre- financial group Canada Optus gopro executive Elizabeth Hooper twenty nine years
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

12:40 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"It's easy for investors to panic. Some investors want an easy solution like an annuity to manage the ups and downs of the market someone to seek the safety of bonds and bond funds at times like this. It's often wise to examine what the long-term returns of equities have been versus other asset classes at depre- financial group. We use times of market volatility has an opportunity to purchase securities at lower prices than where they may have recently traded if you'd like to know how our investment process may help you and your retirement investments, then give us a call at eight five nine two three three zero four hundred to set up an appointment. It may be an opening experience for you in this new year. That's prefinished. Group at eight five nine two three three zero four hundred and depre- financial dot com. Six thirty wwl AP. Back on the show. So we all heard in the news about a one point five billion dollar mega millions winner. Why why did they choose the lump sum? Yeah. So it goes over, you know, the the when you win the mega millions. You've got two options or I guess. Yeah. Mainly two options, you can take a lump sum so in this instance, it was a one point five billion dollar mega millions in the lump sum was eight hundred seventy eight million or you can take a basically thirty year annuity, which would be one point five billion. Yeah. Over thirty years. So, you know, they break it down. So the annuity which they're installments are paid out. So you get one immediate payment followed by twenty nine annual payments with each payment being five percent larger than the prior one. So the pros to that. So I love how it breaks it down. So the pros of that is the biggest alert of the annuity for any winning or windfall. As having that guaranteed income stream for the next thirty years, which largely ensures you never run out of money for conservative types or those who can't suppress their spending urges. This may offer some peace of mind, the Collins of that they're all Rhys. It's possible that the entity making the payout over the next thirty years could run out of money. That's right. You know, anytime you take an annuity. It's the same thing as a pension from the state. You're a debtor to the state at that point or predator or a credit? Yes. Sorry. Yeah. Craig also, a debtor do because yellow and bunch of taxes you pay the t now that's a good question. Do you pay the taxes on the annuity on an annual basis pay annual mass the other part of it? Then it talks about, you know, you look at what what Trump did with the newest the newest tax system, you know, where the low where the tax brackets are much lower who knows ten years from now you could end up paying forty five percent or something like that on wait. What about seventy percent? We've been hearing a lot about that lately. From the what do they call those people up there in Washington Bolshevik, both those Vicks. Yes. So you know, that's where it talks about Uncle Sam could really eat eat alive. Your your money over time not to mention on any money that you make moving forward. So then the lump sum so the one time cash payout of eight hundred and seventy eight million. Of the advertise one point five three seven billion jackpot the pros of that is taxes favor taking lump sum because rates are lower than they've been in a long time right now. So in twenty five years. Yeah. Who knows financial pros also point out that with the smart investment strategy. You could make more money off the lump sum than the eventual full payout of one point five three seven billion. That's what we're talking to people about sometimes they'll come in. And they have a pension that they have been given with their business that they will where they've worked, but they also have a lump sum option where they could take the lump sum and invest it. In many cases, we advise them to go ahead and take the lump sum put it in their IRA and invest the money. Well, yeah. And with over time with with interest rates where they've been so low for so long that the discount rate on a on a pension lump sum, you know, your lump sum is actually much higher than it would have been, you know, had they calculated it, you know, at four or five percent interest rates. Right. You know? So you're able to get a bigger bang for your buck moving forward. And that's the other thing is when you take a pension. You know, a lot of times it's at set payout. Right. And it's it's there you can't call mention co the pension the state up and say, hey, you know, I'm a little I'm a little short this month. Can you can you front me an extra grand or that's not an option? It's not. Right. See? And that's what Tom was just talking about. You know, I think our class don't understand that they have these choices the have a pension. They've worked thirty years for company. They don't know they can take a lump sum. One of the things we do is. You know, we provide that education. Form. Yes. So they can make good decisions for their retirement that way, they don't have to worry about. You know, we we have the situation of a big major company that's declared bankruptcy here lightly dream, you know, you've you've got a situation there where there could be a problem of paying out over time. Yeah. And what happens in that situation to you know, a lot of your rights. They try to take some of your rights away from you. But also you boils down to now, you're creditor to winch to windstream like you said that company and filed for bankruptcy. You know, and that that can get nerve wracking at times. Oh, you look at when Detroit the city of Detroit filed for bankruptcy. You know, they they took all the the pensioners of the city into account with all the other debt, you know. And you you've got to figure out who gets paid what judge. Yeah. It's very unfortunate that anybody would have to go through something like that. Yeah. Yeah. Work a lifetime for company, and they found bankruptcy, right? Is you're getting ready to retire. And your your retirement is locked up. That's that's really what's happened. It's unfortunate. It's a it's it's it's not right. You know, and it sucks that that something like that. And that's where you see a lot of companies now have have frozen pensions because of this. You know, a lot of a lot of big big companies. You look at the g for example, you know, y'all talked about them in the first hour, they they froze their pinching a long time ago. Right. You don't you don't you? Don't get employed at GE today and get a pension. You get a 4._0._1._K. It just goes to show. You gotta ask questions when you it re when you don't know and sometimes go into the human resource office in the best place to find out what your retirement benefits are. And I think a lot of our folks deal with that. And they need to talk to perfect. Sectionals and understand it. Well, and that's the thing too. Is you know, y'all talked about it? We loved educate, you know. And that's that's we we we love to meet with people and go over, you know, and I can't tell you how many times where we'll be sitting there talking to somebody. And we'll say did you know, you could do this? And they're going. You know, I didn't realize it. Really? Okay. Yeah. So, you know, and and that brings a lot, you know, that puts a smile on my face as an adviser when I'm able to sit there and help somebody that didn't know something, you know, be able to maybe better their situation. Yep. I did want to say one other thing on this article and talk about the Collins and says, you know, the main concern is that winters with little self control could spend away their winnings, especially as family, friends and charities Luke for handouts. That's what the sheer size of the jackpot makes it hard for you most embellishes through and through. And I we haven't talked about the background information about this. But it was this guy or girl. I don't even know who it's they've remained non-issue waited to the very last day to claim the largest prize ever. It's obvious. They got their team together and put their team because they got financial advisers helping the I, and that's the thing too and talked about, you know, the concern of spending away your your principal. The goes back to the first break, you know, that's something that will. We'll we'll we'll tell you the hard stuff. Well, look at you and say, you you you probably don't need to be given cousin Eddie. Hundred dollars a month. You know, you because an eighty is going to run through it. Anyway, he'll he'll be a bottomless pit. Yeah. You know, you you need they all will be off because they don't know how to manage money themselves. They're going to be constantly coming around with a tin Cup. Yeah. One this and that, and that's one of the problems that it puts these people in is they don't know they don't know how to say, no, they're gonna lose a lot of their friends because people are going to be angry with them for not helping them. And that's the other thing too is I think something like that. You'll find out who you real friends actually all are. Yeah. The ones that aren't asking for a bunch of money. You know, that's that's the problem is you find out who a lot of your fake friend or real quick when you hit a pot full of money. All right. So it just as a wake-up call. You know, you're better off if you make it slow, and in well, at least if you make it slow, you you understand what it takes to make it. Yeah. And you know, we we always liked the tell your options. We'll always be here to tell your options for sure even if it's not us as your option. We'll tell you. Yup. Try stay with us. You're listening to the Tom to pre show where we talk about retirement retirement, investing and your options. On NewsRadio six thirty WLA paid. Attention central Kentucky, employers and business owners looking for cost effective. Professional development opportunities for your best and brightest employees commerce. Lexington's award-winning emerged conference on March twelfth at the UK student center would provide learning opportunities focused on personal and professional growth as well as community engagement sin. You're emerging leaders to represent your brand at the conference and the investment will pay dividends by helping your up and coming leaders grove within your business to the conference agenda or to register visiting merged. Lexington dot com. That's emerged. Lexington dot com. Don't miss it. Kentucky is one of the most affordable places to live in. America are food is more affordable. Our homes are more affordable and doing business. Here is more affordable. Why it starts with affordable electricity almost everything we do use electricity because Kentucky uses affordable reliable coal energy for eighty percent of its electricity. We have some of the lowest rates in the nation. Many other states are abandoning coal and making life expensive. Let's not repeat their mistake. Aches. Let's stick with coal. Powered by the Kentucky coal associated our twenty nineteen. I heart radio music award Shuki grind. Brooks's see John legit, Casey, Musco, Taylor swift and more watch to see who wins this Thursday at eight PM on FOX fifty-six. These nobody will handle your dreams. Well, now that Taco Bell delivers through grab your dreams handed. Right to you tacos.

Kentucky Collins depre- financial group windstream Taco Bell Detroit Trump Craig America Lexington Tom Rhys principal WLA GE UK
"depre  financial group" Discussed on The Tom Dupree Show

The Tom Dupree Show

05:02 min | 1 year ago

"depre financial group" Discussed on The Tom Dupree Show

"US economy is the NBA of the world. A wages are up growth is up unemployment is down, and it's real wage growth that were saying the first serious inflation adjusted wage growth in well over a decade, right? And and that's been going on because you had so much pent up demand and production the didn't occur during the Obama years because of regulatory drag and things like that that you're beginning to see that come to fruition now with a lot of the regulations having been taken off. That's right and chairman Powell in his testimony this week on the state of the economy acknowledges that fiscal policy. Fiscal stimulus is a big factor in why we have a booming economy. The fact that we did pass tax cuts to make our business sector for more competitive in the global marketplace, the fact that individuals and families are able to keep more of what they are. Earned. There's more capital expenditures because of the changes that we made in the expensing rules and the depreciation rules. You're seeing more investment which is improving productivity in the economy. And then the deregulation has also as you point out had a major impact in terms of just the general psychology in the country. The willingness of entrepreneurs to invest create jobs grow their businesses provide greater opportunities for workers. And really if there's any deficiency in our economy today. It's that there is insufficient. Labor supply. Right. Unemployment is low labor participation even among the prime age workers, which has been we've seen maybe part of the the problem where seeing unemployed people come back into the workforce looking for jobs and employers are in an expansionary cycle, and they need workers, and they can't find skilled worker. So I'm very excited to be working this, congress, chairman of a task force looking at all the factors that go into the American worker and. And what we can do in terms of public policy to bring more people into the workforce. There's a lot of contributing factors to why we have insufficient labor supply part of it is skills, we need we need to invest in education, particularly career technical education, workforce development education. Exactly part of it's the opioid epidemic, which is sidelined too many workers, and we need to give them a second chance. Criminal Justice reform is part of that to bring people back into the workforce after a period of incarceration, but welfare reform is also something that we're gonna be looking at the fact that we continue to pay people able bodied work capable adults in their prime working years. We're paying them to not work that is also contributing to the deficiency in labor. So that's not going to get anywhere with the Democrats. You know wouldn't think well, you know, what we they liked to buy their votes? We are attitude. Tom our attitude is look in the majority you can legislate. We did. So. Tax cuts and deregulation in the minority, you communicate and we're going to take advantage of this opportunity in the minority. There's purpose in the minority. We're gonna be promoting policies that even if they will not get a vote in congress where preparing for the next opportunity the American people give us to legislate. The next time we're in the majority, and we're going to be presenting our proposals, including welfare reform, including criminal Justice reform, education reform to the American people, and we'll let them decide what they want. They want. What the Democrats are proposing now, which is socialism or do they want free enterprise and op an opportunity Connie, I wanna talk a little more about that. When we come back from the break. It is the Tom depre- show. It's News Radio six thirty WAP. What's now Korea? Michael what's next the Awal be president estates wants history history today. It's what matters let's going on news. Radio six thirty WLA p I'm Tom debris during times of market volatility is we've just experienced it's easy for investors to panic. Some investors want an easy solution like an annuity to manage the ups and downs of the market someone to seek the safety of bonds and bond funds at times like this. It's often wise to examine what the long-term returns of equities have been versus other asset classes at depre- financial group. We use times of market volatility as an opportunity to purchase securities at lower prices than where they may have recently traded if you'd like to know how our investment process may help you and your retirement investments, then give us a call at eight five nine two three three zero four hundred to set up an appointment. It may be an eye opener. Experience for you in this new year. That's depre- financial group at eight five nine two three three zero four hundred and depre- financial. Dot com.

NBA chairman depre- financial group congress Obama Tom depre Powell Tom Tom debris Korea Connie Awal Michael