The Best Of Financial Issues with Dan Celia: July 26, 2019

The Best Of Financial Issues with Dan Celia: July 26, 2019



the Bible says be not deceived whatsoever a man soweth that shall he also reap welcome to financial issues where we align reality with truth conservative talk radio you can count on financial issues that you need to know based on the sharing of scarcity we will simply apply to government the common sense that we all use in our daily lives now here's your host Dan Celia good morning welcome back to financial issues I'm Dan Celia it is great to be here somebody called in and mentioned Franco didn't mention that hey you know make sure we continue to remind people to wait 272 their Social Security full retirement age look I can't speak for everybody I know I'm going to get about a 31% raise maybe 32% increase by waiting till I'm 70 why would I not want a 30% increase that's a significant amount of money folks that's a third more that's a third more then you'll get if you take it at 66 so I'm reminded of that as as jook called in and said she was she was waiting as long as she can for every year you wait over six you're gonna get more money you have to start taking it at 70 you max it out but it's a big big difference and I know what everybody says I know what everybody tells you people say well you know what I'm I'm gonna take it at 62 and I'm gonna put that in my savings account or investment account or here's what I'm gonna do I'm gonna buy life insurance that's a joke but they're gonna buy life insurance with it and you know they're gonna they're gonna get all that money back listen just wait what if you're trying to get as much out and you want to take it at 62 because I'm gonna get as much as you can let me tell you something I know this for certain it's the only prediction I can make with any kind of real certainty when you're 75 80 85 I don't know what age but at some point in time there will be a day that the only thing you care about is how much money I got coming in the only thing I'm gonna care about is can I pay my electric bill can I pay my phone bill see you still at every age will be consuming stuff whether it be electricity or groceries you're going to be consuming things you're still going to have expenses if you can increase your income from Social Security by one-third by waiting the only thing you're going to care about is how much income you're not at 80 we're going to wish you had more money said it doesn't matter boy I got that I started at 62 I sure got a lot of money out of the government you're not gonna care about that trust me you care about is how much you get in every every month it's really important I wish everybody would do it it is someday they're going to change it probably as more and more people start doing it but right now you know wait wait as long as you possibly can and work as long as you can remember the greatest asset God has given you is your talent your abilities and your opportunity to work the ability to bring home income every single payday payday after payday is the greatest asset you will ever have at any age that goes at least for 90% of people listening so take advantage of that as long as you can alright in sixth three six three eleven ten let me go to Nick and Florida hey Nick good morning hey we appreciate all that you do I just wanted to make a couple quick comments as well as a question first off for anyone out there listening that's considering or just interested in financial issues just go ahead and join partner up I mean it's the the lowest management fee you're ever going to pay for any sort of financial advice services investment knowledge etc even from a curiosity standpoint it's worth it's worth the partnership just to go check it out I mean you know you made a point the other day on a conference call day and you said you know if you guys pay me more you'd probably listen to me better and done plenty of consulting and had clients that pay a more modest amount than others and the ones that are on the modest side are always the higher maintenance individuals yeah because the people who pay me feel like they are obligated to take your advice and well it's true this is a situation where it shouldn't be that way so I'm encouraging everyone who's a partner to listen to you and everyone who's not a part to not just listen but obey and those who aren't a partner you're listening just just onei up and do it I'd rather you uh you know be a hundred and twenty four dollars short of maxing out your IRA for a year then not be a partner because you'll get that back into returns well that is great Nick thank you for that I sure do appreciate I hope I hope you encourage some people thank you let me go to Helen Helen's calling us from Texas hi Helen hello hope you have a blessed week I sure did well I want to first say that I'm a great grandmother also an Army veteran that's all well and that's not why I'm calling what irritates me and everybody better wake up they're trying to force this $15 an hour car you know minimum wage yes what's going to happen stores are going to have to raise the prices people are not going to be able to buy the bottom is going to fall out the market and all big companies are going to go overseas they don't know what a depression is select it back in the 20s yes well they better not pass that $15 because when I worked for the federal government we couldn't even get a cost of living race but the Democrats kept giving them a big fat race every year yes they better wise up $15 I wouldn't hire anybody out of high school for 15 bucks an hour right no way well this needs to be a warning and I'm just spreading the news because God talked to my heart and there's a lot of things going on but I nobody's talking about 15 and that means 15 an hour I probably lose my Social Security because it wouldn't be able to share in that well you know what you're you're absolutely right Helen and here's the here's the interesting part and I hope that Congress is a white wake and aware of this look wait and they're not but I would hope that they would wake up first of all when you hear people like Bernie Sanders and the rest of these Democrats talking about $15 an hour they're doing it to try to garnish a few votes and they say it's got to be a living wage the minimum wage was never supposed to be a living wage it was never supposed to be something that you're gonna raise a family on it's a stepping stone it's where people start it's how you begin to develop the disciplines of working and and move up a ladder that's what it's for but the Democrats know in their heart of hearts that they're not capable of creating jobs that that can grow an economy see they're not capable they want a workforce that is dependent upon government not dependent upon the private sector they don't want anything else and they know you know President Obama wanted an $15 an hour rates because he couldn't create jobs he needed to create a living wage because the only jobs you could get were part-time jobs or jobs that were entry-level positions and and he was trying to create a living way out of that rather than create an economy by which a worker could come up the ladder and pull themselves up and advance and and move on so that's what they're trying to do you're absolutely right for sounding the warning and we've got to make sure and and we have a proven track record that it doesn't work you know that that unemployment goes up because they start laying off people hours get cut we have a we have a wreck up roof of that we have a record of that so I don't know why you want to take something that is proven to be a failure and to try to institute more of it makes no sense you taking the words right out of my mouth but I gotta say one thing and I'll hang up my mother lived through the depression back in the 20s a lot of times all she had to eat was grit and Grinnell gravy that was it that's it at a time I know I know my father lived through it too and told me the same same stories Thank You Helen I got a run I'm right up against the hour god bless you thank you for your call all right folks we'll be right back after this break financial issues I'm Dan Celia thanks for being with us we'll be back welcome back financier issues eight four four seven or seven 55:33 let me go to Tyson Tyson calling us from Kansas hey Tyson hey Dan thanks for taking my call sure yeah I've got a question my wife and I are wanting to start investing and also my daughter 13 years of age we'd like to start putting starting an investment for her also so where would both aspects where would we begin well are you you said you're just getting started as well yes sir okay so how about let me let me just think about you for a second how about anything else that you guys have like do you have a 401 K or anything like that at work yes we have a 401 K okay excuse me do you feel pretty good about your retirement savings no okay is there so does your company match yeah okay and well I know I have more questions than answers here right now but I'm just trying to get a feel and do you participate in all the match or just doing some of it no we're equal okay so yeah I think for you where you need to start is I would just open up a joint account you know a I don't know that I mean it wouldn't be a bad idea if you think you're going to be working another five years it wouldn't be a bad idea to do a Roth account Roth IRA and that's one thing you could do and I would open that Roth IRA account in a in a brokerage environment somewhere you know it's the e-trade TD Ameritrade Charles Schwab fidelity comm or you know one of the online brokerages that work very very well my first option would be if your 401k at work is already at a broker it's one of those brokerages then you might want to just go there on your own and open up this investment account or this I Roth IRA account only because you're already maybe a little familiar with their platform but it'll make it easier for you someday when you move that 401k over to an IRA account and it'd be great to keep it at the same brokerage account so just for ease no other reason but you might want to consider that but I think that's what you ought to do and then I would follow how many more years before you retire oh we got 20 plus years okay yeah so I you know I would be fairly aggressive I would look at that you know the the you know your age age group model which is going to be a little you know be fairly aggressive and I would start I wouldn't wait by the way I know there's a lot going on in the markets right now there's a lot of uncertainty some volatility I wouldn't I wouldn't necessarily wait I would begin slowly and gradually to get involved and you know follow the AE asset allocation model whether it's mine or somebody else's but follow a you know a good asset allocation model and you know do your best to be biblically responsible if you're not following with us and you know being some good solid stocks and the key to being successful and growing is going to be a lot about how often you're able to put some money into it that's the same for your daughter's account as well it's not about just how much you're putting in that's that's not as relevant to me as how often you're putting it in so if you and your accounts say you know what we can afford to do twenty four hundred hours a year and we're gonna get fifteen hundred dollars back in our tax return and we're gonna do the we're gonna do it at the end of the year I would rather you not do that I would rather you put 200 hours a month in because it's going to be better for your account if you're putting it in more often than putting it in at one time so that's that's where I would start I would say something similar for your daughter except if your daughter is going to use that money or if you're gonna use that money to help her with our education then I would probably not be too awfully aggressive because you're gonna start needing some of that money you know in the next four years or so maybe five but you're going to need that money for that and I would be somewhat conservative I would probably pick an ETF or a mutual fund that is biblically responsible again you you would have a brokerage account that's a separate account you guys know that it's her account and you would have a separate account so I would I would I would put that in a separate account maybe in it there's a Timothy ETF there's 2 Timothy ETFs I like them both and you might want to split it between the two one is tphd and one is TP l see and I would use those two for your daughter's account and I would split it about forty forty percent in to the LC the t plc and forty percent in the TP HD and the other 20 percent I would leave I would add to the brokerage account into one of their money market accounts that isn't going to earn much maybe a little bit but I think that would be the wise thing to do okay well we were more so thinking about her investing for her future buying a home starting a family oh good okay first big purchase we're looking further down the road great well that's great that's great so yeah so I would change that then to probably are 60% into the LC and the other 40% into the hd1 and I would do that I would the goal would be the same if you can put $25 a month in that or something whatever a man it is but whatever you're putting in and you're dividing it'll divide up automatically what you tell the brokerage that how you going to do it but if you do that on a regular basis man she'll be in great shape someday but but again I go back do it often don't worry about the amount just do it often okay okay great all right and there's and there's no minimum for those you can just you can just start out right away put in twenty five dollars in you don't have to have a lump sum of money so if you do great but it you don't have to okay and we've set up starting something with TD Ameritrade that'll yeah that'll work for both of you that'd be perfect okay Dan thank you for sharing your gift that's God God's giving you for all of us we appreciate it well I appreciate you saying that and that you're welcome and in fact you have a great day god bless let me go to Diane Diane calling us from Texas hey Diane hi Dan how's it going good good hey we're partners with you my husband and I and I just want to thank you for all you do you just been a blessing to us we're new to all of this in the past several years and we're in our early 50s sure we're self-employed we have that to individual set plans with the Timothy fund and we usually try to match those out every year I noticed in the past couple months you have on the asset allocation model an area for that you TX yes so I spoke with them at Timothy plan and they said you know we to open a brokerage account my question is is that portion that we put in the ETF part of our total step contribution so like say we can put I'm just throwing out a number say we can put 10,000 each in our account if your ETF allocation part is say 20% would we put 8,000 in the Timothy fund and then 2,000 in the ETF would that combined on our tax return how does that work well it's only going to combine in your tax return if the brokerage account is is you know an IRA obviously or asset so yes that will combine as one set contribution so whatever your limitations are in your set so let's say you can only put in you know $15,000 in your set then the combination of the two meets that you know you have to stick to that that you know maximum amount that you can put in okay so when then when we file our taxes they you know whatever amount we put in that ETF brokerage account then we add that to whatever we put in our step and that should be the total step contribution correct and that'll be a deductible as the total SEP contribution okay awesome thank you so much and then we're praying this year we can start an investment you know account and start doing that as well so your asset allocation for that is going to tell us same thing as our Timothy thing really what to contribute to and and how to make a long-term plan for us correct that's right that's right and I would I would focus more on the the first group of asset allocation models for your age okay do you know what I mean not the Timothy okay yes want you to now while you guys are working I want you to go through that learning curve of you know building that portfolio through individual stocks because I think that'll serve you well later down the road as you as you go through that learning process okay and then so there's really no need to have like a local financial planner or anything we can just kind of follow that and learn as we go correct you can do it I am and it's going to be fine and you're gonna do you're gonna do great so yeah just stick with the plan you know when when two years go by and you're doing really well hopefully or you're really grasping what you're doing don't don't start thinking that you're really smart and start deviating off the plans say well you know I I know I shouldn't buy that but I did this analytical work I think I just stick to the plan and you'll do okay awesome well I appreciate your help you're welcome I wish you all the best thank you for your partnership god bless thank you god bless you all right folks eight four four seven or seven 5533 will be back and it [Applause] welcome back financial issues I'm dancing it is great to be here and as I mentioned to you earlier we have a one of the fellows from the Margaret Thatcher center for freedom with the Heritage Foundation and Robin Simcox wrote an incredible article very good article I really found it interesting maybe it's because of it was right in my wheelhouse but open borders mean closed opportunities for national prosperity Robin's been in America now for about three years and lived through a lot of the open border issues in the Eurozone Robin welcome you Robin I appreciate so much the article and some of the things you pointed out just the title of the article closed opportunities for national prosperity and you know we we love immigration legal immigration here in America all four of my grandparents my father as well they were immigrants and we still have that same welcoming I hope of legal immigration I believe from an economic perspective we need legal immigration particularly when we see an unemployment rate as low as it is we need it even more and but we don't need open borders and how much does open borders for not only the present but for the future impact the the national prosperity and national security for that matter well yeah I think that I think it's exactly right and the thing is this position the not just the US but but any country really welcomes legal immigration but there has to some controls you have to have an idea about who is in your country legally and who is and I think is a is a very mainstream position that has only become in any way contentious in the past couple of years as I think primarily the Democrat Party have moved increasingly to the left on this issue and obviously this is something in Europe we saw in 2015 especially when Chancellor Merkel in Germany opened Germany's borders to let in um essentially anyone who could make their way to Germany and over a million people came in 2015 alone um the German authorities had no idea who these people were they still don't in many cases and they also knew that once they were in it's going to be very very impossible if there were any security threat there and to get them out and we've seen that happen in Germany we've seen it happen in other parts of Europe and it's I think pretty basic common-sense stuff this right that you have to have controls over who comes in out of your country and you have to know who who is living in your country or who isn't but it's somehow become a contested issue in in recent years why is it we can't look at and what the unintended consequence of that obviously Angela Merkel wasn't able to see some of the logical I think logical and unintended consequence of that how it was going to impact obviously national prosperity but how it was going to impact the health care system for instance there's so many other things that we're concerned about here what how what were some of those and still are some of those unintended consequences and do they I mean are they ever going to get better or is it going to continue for years and years ago well I think that one of the unintended consequences was that if we look at the German example if we stay with Germany was the and I I keep a database on the on the terrorism threat picture in Europe and have been for many years now and what you saw happening in Germany after this influx of people was a significant uptick in the terrorism threat a significant uptick in terrorism plots specifically terrorism plots being purpose by people that came with that that initial refugee flow so Germany it very much impacted their security there's been a string of sexual assaults that have been linked to recently arrived asylum seekers from Iraq and Afghanistan of course it's the minority but it's also but you can't pretend this hasn't this hasn't happened these are real cases and very pressing issues for Germany to deal with I think one of the reasons that that this phenomenon has begun to develop if we look at the case of Germany there was something very appealing I think for Germany for this the imagery and the symbolism of refugees fleeing to Germany as opposed to away from Germany I think that the the weight of Germany's historical baggage played very heavily with it and I think you saw this in the American debate where there are there are some politicians whose view of America and American history is so overwhelmingly negative and think that America is such a unique a uniquely racist country that it has to somehow it has to make up for past sins by now now basically welcoming in anyone who can make it and I think that's just a not only a bad miss reading of Americans past it also significantly damages the potential potentially America's future and it certainly has him and we have the the interesting part about it is now we in America have some history to look at very near history in Germany the rest of the eurozone and we seem to have this unique maybe not so unique inability to be able to look at the example of what could happen what can happen and I suppose that we think we might be exempt from those kinds of situations is there do you think there's any truth to that well I mean and this is a partially a good news story in that America has traditionally integrated way of immigrants fantastically well in a way that we in Europe have not I mean I think there's there's various reasons behind that but it America has it can't adopt a policy no country that wishes to remain a country in any identifiable way can adopt a policy of saying if you can make it here you can live here I mean that this idea that's being kicked around at the moment around free health care for all for anyone who makes it to America illegally I mean who's expected to pay for all this we know the answer it's the American taxpayer but that is that's that's a basic breakdown of the social contract the reason why people pay taxes is not because it like paint taxes it's because of course they they pay into the system and then they get something back in terms of in terms of government services if you don't pay into the system but you get the same services anyway then then that that that contract begins to break down and that's exactly what is is going to happen here we begin to lose our country as we lose our borders and we are not in any financial position to be adding to that debt and I think that we have an awful lot of problems in our health care system already and this has to be very taxing on a healthcare system that could be released prediction say in 10 years here in America we're going to have so many as such you know fewer doctors and nurses that it is it is going to be a huge problem for us to be able to service all of these all of these immigrants yeah well I mean it's it's gonna it's gonna the requirement that well basically have that if people are going to ask for increasing tax rises increasingly because there's going to be no way of funding this I mean it's in it and it look it just gets back to me it's a question about the about where where America wants to go in the future as a nation it's gonna allow if the terms of the debate are going to be framed in a waiver unless America is willing to accept absolutely everyone that moves that wants to move to this country is an irredeemably immoral and racist state then then the country's on is in a terrible it's in a terrible path this is not a standard which other countries apply um it would be America it would be America I mean it's its masochism to be quite frank and and and and I still think but I still think that there are my hope is that the majority of people in this country recognized that an open a completely open borders policy and something that's been advocated by some prominent Democrats is not something that's sustainable because it's I mean it this is this is this is just 101 stuff but it seems to seems to be have landed strangely within within a wing of the Democratic Left and and that is my hope too that the majority of American people understand that and is is Europe as an example is it you're reversible what they've done well Europe is I mean this open borders I mean the European Union open borders policy that exists with over two dozen countries it's I mean it's very it's very much changed the way I mean national sovereignty is nothing like is strong in Europe as it is in parts of the United States um and I think that I think there's been a whole host of disastrous things that have come alongside that I mean you've got parts of European countries that change overnight the demographics change the neighborhood changes Eastern European countries are losing all of their middle class and and socially mobile working-class and too much wealthier European nations where they come and work for what is in for example Bulgaria Poland very little money is a lot of money but in Western Europe is is below minimum wage which of course then undercooked the the wages of the in the in the building industry for example in the UK British building companies can't compete because they're constantly undercut by those coming from from Eastern European countries willing to do the work a fraction of the price I mean this is a this is a complicated thing to to deal with a navigate of course but but with no ability to control immigration politicians can't really begin to wrestle with the issues because they can't control their own borders right amen and that's what's gonna happen here if we're not careful all the people that are hope rest in have to make sure that we rise up in state our views Robin Simcox Heritage Foundation open borders mean closed opportunities for national prosperity great article will be in our newsletter this week Robin I sure appreciate the opinions and recommendations expressed by Dan are his own and do not necessarily represent the opinions of this station or any of the show sponsors you know it's great to have a guest like that every once in a while that really understands both sides of it and it you know it's so it's so I don't know I guess it isn't I was gonna say confusing it's such there's such a logic in this whole situation in and around immigration illegals and borders it's so logical and it can only mean when we have this left that cannot see the logic it can only mean that there is an agenda far different than the reality of just people crossing the borders illegally there has to be an agenda that goes way beyond the logic of this is not good for a nation now you and I know what the logic is these are not illegal immigrants they are voters they are voters illegal voters but that doesn't matter voters they are people that are changing congressional districts maybe this is that's what this is about it's about putting on a face of socialism and we're welcoming everybody not just those that are wanting more opportunity but anybody for whatever they want whatever their agenda is and if you fail to see the logic that no borders means no country if you fail to see that if you can't see the financial logic that we are 21 trillion dollars in debt and can't afford this continued debt without massive tax increases if anybody voting can't see that then maybe that's the problem but then left is solely dependent upon the ill-informed people see without the ill-informed they cannot win an election and this will be adding to the ranks of the ill-informed and all these people have to be informed about is you either vote for us or lose your benefits what's it going to be take an hour out of your day one day to vote or lose your benefits that's all the LLL inform need to understand and they are going to vote for this but what we have now is an entire Hispanic community that is or is though one of the largest groups segments of our population of growing Trump supporters because this is a population group that is here for prosperity they're here for opportunity they're here for the same reason that my ancestors came here for more opportunity for their families and they understand that they have no opportunity if they don't have a president that has a pro-growth agenda to create that opportunity and they are becoming quickly the fastest-growing voter bloc for president Trump could that maybe happen as well with all these illegal immigrants what would that do I believe that the Democratic Party as we knew it is gone it's gone forever I mean it's going on I mean when you see what is when you listen to what is going on it's going forever and but that doesn't mean it's not going to get reelected because they're depending upon the ill-informed and I don't say this in a in a you know a negative way you know but the the Millennials themselves the protesters that can't articulate why they're protesting come on that's what we have let me tell you I was in Washington DC at this summit Christians United for Israel it's an amazing organization and I'm I'm so privileged to be a part of it and I want all of you to be a part of it see you f i.org check them out you need to get involved it went from 2013 400 people to seven million more than seven million people the power that is being gained of evangelical Christians not only for the defense of Israel and to defeat anti-semitism but so many other issues that are important and let me tell you as I sound critical may be a villain for Millennials you know what the most encouraging thing that my wife and I talked about on the way home that we saw the most encouraging thing how about 650 college students there cheering representing over 300 colleges and universities with their with their goofy a chapter in their school over I don't know a couple hundred high school students there cheering there were 7,000 people there but to see the young people that were there was so encouraging so there are plenty becoming informed but nonetheless it's the ill-informed that the left is operating with and on let me go to phones go to Patty in Ohio hi patty hi Dan good morning good morning I tried to call last week but there was a lot of problems so I just decided to call this week instead okay Mike I have two questions one is we have an annuity that matured and we just have it sitting in our savings account right now and we've kind of wanted your direction on maybe what we should do with that so patty you already have accounts I know right and yeah and there are tracking with our with the asset allocation models like I assume right yes is this money in this annuity is it a did it come is it a qualified annuity or was it IRA money no okay it's not so and you had do you have an investment account I know yeah okay so is that where it's sitting in the money market no not right now in a high-yield savings account and is it in do you guys are you guys income minded in your investment strategy or still growth well we're kind of half and half we do need the income we are retired and you know we're looking for strong income but but we do like to look at the growth possibility also okay so I would take a I would take a look at a building on the portion of your portfolio that is income I would rather see you build upon the growth in income you know those those things that are in blue and some of those things the industrial stocks and the utility stocks primarily that do have growth opportunity will be volatile both up and down but will likely be great growth stocks that do produce you know an OK income as well and I would like you to focus on that I think that would be I would I would really like you to focus on I wouldn't want you to focus strictly on growth not at this point in our economy and I'm thinking about three years out right now so I would say I would want you to sit tight a little bit longer you can get it ready to start investing you can have it in your investment account in that money market account we're leaving in your high-yield and transfer it out later but I would want you probably by October to be starting to wean in to to some of these income producing stocks and maybe over the next four or five months through October to maybe you know February March to have it all invested in some good income stocks I think there's opportunities that are going to come about in September and October with some of the good solid companies that I have on the list maybe dipping down a little bit now having said that I'm gonna talk about this at the conference call today but there's really no reason that I can find based on a number of issues that I'll talk about as to why the markets can't continue to go up from here I know it almost seems that impossible based on the first six months of the year but there's really no reason why it couldn't happen but I would rather play it very conservative and start to gradually look at some of those great solid growth and income stocks it may have taken a dip okay okay we can do that so just kind of let it sit until October and and start putting it into some of these other income stocks yes yes and and you know maybe it could be September but I would wait it out a little bit longer and like I said October is probably good would be a good time to start unless something dramatic changes and what I mean by neurotic change you what will change that Patti would a fairly significant downtick in the indices in the markets where things are dropping that would be a change that might allow you to expedite a little bit go a little faster and starting to get some of that invested okay all right all right Thank You Patti I sure appreciate you god bless all right thank you folks I know some of you got to leave us we've got a great interview I've already talked about The Long Goodbye what an amazing documentary we have the producers directors here I'm going to talk to them about that amazing documentary and get to more your questions we'll be back after this but if you got to leave us have a great day god bless if we ever forget that we're one nation under God then we will be a nation gone under thank you for joining us this has been an F is M production what is the number one pride in your life Christ demands first place and when you begin to build your life on that rock with the cement of the faith in God that you have you have a real study we strive here financial issues to help you put Christ into your portfolio rock the fire Friday well welcome back and we've got a line open 6 1 0 6 10 363 11 10 6 10 363 11 10 if you want to cure your coop we are continuing to get to as many calls as we possibly can so we're gonna get right back to phones let me go to Doug Doug's calling us from Texas hey Doug hey Dan great ministry new listen in the last couple weeks Oh grab the whole question welcome I'm 62 no assets but I'm able to take social security general question should I take the money and invest it through your system key word your systems or keep it with the government getting me about five and a half greater internal returns in weight to 170 my position is Doug in it and it has been for a long long time if you can wait 270 you should you know if you can I mean I understand there's a lot of people out there they say well I can't wait to a 70 I'm you know I need the money I get that understanding that's fine but if you can both my wife and I are waiting everybody thinks I'm nuts while your wife you should take hers and why don't you wait to you but you know it's it's all about income and the difference at least from my perspective I don't I'm not sure I've not done the math for my my wife Social Security but for Mayon you know it's 32 percent more if I wait that's 1/3 more I hope I don't need any of it but I might need every nickel to I you know but I do think that we've got to be more income minded we are seeing people living so much longer and I'll tell you that extra one third of percent could make one third could make a huge difference for a lot of people it's you can be 3 400 hours more in some cases so I always like to wait I just look if you wait it's a it's a bird in the hand you know what you have it's not dependent upon markets going up and and you're not going to be worried about any volatility you're not gonna be worried about company's cutting dividends or companies doing different things I mean it's it's a sure thing I would let it ride if you can do it to your 70 stand appreciate the input in your counsel thank you buddy you're welcome thank you Doug I'm glad you found us sure appreciate it yeah god bless and I know that's counter folks everything you hear I mean you talk to your accountant they'll tell you to take it you talk to financial people that they'll always tell you to take it you know it's counted just so many people and so many things that we hear that are all saying listen man take it you know take it why it why you know why you can Social Security's not going anywhere just keep in mind it's not called the third rail of politics for nothing if Social Security goes anywhere we're all going to be standing in the same soup line because we will have reached a point in the country from every other aspect that's going to keep us there and you're taking it early it's not going to help you from standing in that soup line that's how bad things are gonna be it's not going anywhere still gonna be there it may change for those people that are under 55 right now it may change slightly but not a whole lot I don't believe and I think it's gonna be there and I know that people say well if you think it at 62 you're going to accumulate more from the government forget about accumulation just worry about income because all that extra accumulations gonna mean nothing if the market crashes it's going to mean nothing if you need a little bit more money to pay your utility bills it's not gonna mean anything so your income because everything at some point in time listen now everything at some point in time for everybody it has to be about consumption we have to change our attitude from accumulation to consumption and at some point in time everybody's got to do that because consumption will always be happening accumulation at some point in time is gonna stop in our lives we're either gonna stop working whatever it might be accumulation is gonna stop consumption is always going to be there and I'm gonna be worried about being able to support my consumption when I'm 75 and 85 then I'm going to be otherwise if I if the Lord calls me home when I'm 68 and I could have been collecting those years trust me I'm not going to care I'm gonna be in glory I'll be happy I'm not worried about well I'm not gonna be up there thinking man I should have collected Social Security I'm not going to care I'm not worried about it and you should be worried about either just worry about supporting your consumption all right let me by the way we have lines open six ten three six three eleven ten six ten three six three eleven ten let me go to Richard Richard calling us from Texas hey Richard good morning good morning my question is uh I bought some common stock from Zion all in gas and they say they headquartered in Dallas and I have an office in Tel Aviv do you know anything about them yeah I know a lot about them I've talked about him a lot over the years they at one time were on my buy list they for a long time they were on my cell list a long time ago and never been back on my buy list I don't really track them like I used to because they've fallen back into a they've fallen down to basically a penny stock at this point so I don't really track them now like I used to but yeah I mean you know I I know the company very well I know the man that started the company I was a big believer in the company I I still am hopeful that something good might happen but I think it's gonna be very very difficult for something to happen they're not very well capitalized at this point and it takes out a lot of money to drill they just drilled a 16 thousand foot basically a dry well and so that cost you know millions of millions of dollars I don't think they have the capital to continue my hope would be for them that they would get bought out if somebody might be interested in buying them either in an Israeli company or another company but that could be difficult as well so that's that's really all I can tell you without getting and I mean I would never recommend anybody buy them at this point in all honesty just just based on my analytics but you know I'm sure there's going to be a lot of people there will so and for their sake I I guess I hope that's true for the sake of my partners I hope that isn't true and those people that listen to the program but we'll see yes sir well thank you sir and you have a blessed day okay thank you Richard happy late have you late for yeah thank you I appreciate that thanks for listening Richard god bless yes sir yep god bless you let me go to Tim by the way we have line but lines open 610 363 1110 610 363 1110 let me go to David hey David hey how you doing good morning good good morning just a pat on the back calls for you I read an article yesterday from CNBC and it was talking about OPEC in Saudi Arabia wanting their market shares back from the US shale oil and you always talk about they're going to worry about it when they start losing more share and I just said Mandan talked about this for the longest time yeah thank you for that yeah it is it is amazing and I'm so you know I'm glad that that I talked about it disappointed that a lot of others weren't talking about it I I really don't believe I'm I'm a that's much smarter than anybody just was surprised that nobody else took some recognition in that and couldn't make some decisions based on on that but anyway thank you for that but I think I think you hit a lot of nails on the head on a lot of your predictions enough and just blessings from God not well hated now you have a blessed day thank you and I appreciate it too and I praise God for those good calls so thank you David god bless folks we'll be right back 610 363 1110 welcome back fine into issues day for for seminar 755 33 8 4 4 7 or 7 55 33 you can cue your call let me go to Mario hey how you doing – good how are you thank you good doing good I have a question for you and thank you for everything you do you won't leave me I've been alert I've been learning a lot but how Benicia done look a lot of money that I died that I met at work it was on the market and you know he has me for $75,000 he was on the market and out of the blue he lost everything and seems like I cannot get my money back and I don't know what this is going to take me but you know that was all my savings and now while he have a damn money I was doing a little construction on my house and up with my self into debt on credit cards and luckily I got those credit cards on 5% or 429 intergrate but the due time is going to come in close and I was just wonder if you'd be good for me too to get money from my 401k and just stay off those credit cards and be at least dead friend the credit card well do you know Mario if you have the ability at your work do they allow you to take a loan from your 401k yes sir they do they don't they allow me to get along ok yeah I would do it how old are you I'm 48 yeah I would do it Mario I would do it I think that's you know I think that's fine I I would just you know get get that take the loan pay the bills off stay out of debt and pay yourself back you'll be paying your you know obviously you've got to pay that loan back to that four okay I think you have five years to do it so get that paid back try to contribute as much as you can theoretically now that you're not paying these credit card payments you should be able to bump up a little bit what you're putting in your 401k even if you you know bump up half of let's say your credit card bills were 300 hours a month and you bumped out what you're putting in your 401k by 150 even just half of it but that'll help you a great deal obviously it's going to get the loan paid off quicker it's going to be good for your account and you can you know get back on track again so yeah I would be ok with that but you know still work to get that paid paid off as quickly as you can okay so and real quick I just get a regular lawyer you think I'll be able to do anything about these money that uh that I basically feel like I already lost for this person yeah I mean do you do you have a statement did you get a you have some kind of statement of where it was invested you know what it was was it invested in publicly traded companies not really I mean always sign it was the letter that he was going to give me some interest money on the monthly basis I gave him cashes checks and he was going to give me like a say on the monthly base I think was going to be $1,500 you know his earnings but uh you know he say everything went south he lost everything and now it's just like I got proof of that letter that revocable sign indication checks that I gave him but I'm not sure if he I know it's gonna cost me more to hire a lawyer or I don't know if he's any other way that actually trying to recover some of the monies you know yeah I would I would definitely report it to your local district attorney's office so in whatever county you live in in Texas the state attorney general has an office and you need to contact that office you need to give him the paper you know whatever you have and you need to tell him because he's trying to make a an attempt to run a Ponzi scheme it sounds like to me I mean I think it's a scam but and and you need you need to report that so that they can find out it's not going to help you it's not going to help you maybe it's not gonna help you can never you never know I mean they could find out that this guy's got you know a million dollars in a savings account you being you know and and you might be able to recover some of that money that's certainly a possibility but you'll at least keep them maybe from doing it to other people so I would I would definitely report it to the State Attorney General so that they get at least get it on their docket to look into this and do some background and try to find out what happened but you need to do that for sure that won't cost you anything obviously to do that and you might it might help you well thank you mister done I'm gonna do that and you know once again thank you for everything you do and appreciate it for you and for your information you're welcome thank you for calling I sure appreciate it wish you all the best god bless let me go to Kathy no Dave Dave from Arkansas hey Dave good morning Dan hey listen I've been a partner for three years but I'm just now looking at moving into an income portfolio and I had some simple questions okay about income portfolios number one is there ever a good economic climate for moving into income portfolios number two looking around at dividend producing stocks and income portfolio I notice a lot of them produce three five percent dividend I'm trying to figure out how do people earn five to seven and a half percent and then the last thing I was thinking about is do you ever have to sell out of a position at a loss and take a loss on those positions only if you choose to I mean you wouldn't have to but if you chose if you aren't a true income investor and you're gonna panic when something goes down and sell it then yes you would take you would take a loss I mean so you know my my goal and advice is always that you enter a income portfolio so just to start here Jett just so from from the perspective of an income portfolio in my opinion I know this is in the case I know there's a lot of partners that that do the opposite but the only reason anybody should be in an income portfolio is for income if you aren't actually taking the income if you aren't using the income if you're not supplementing your income paying your bills maybe you can put some in the savings if you have it over but if you're not actually taking the income and an income portfolio and you're not using it for that you shouldn't have one that's number one if you do have it if that is something you want to do you're actually using it to supplement your income and you're actually taking the money then you I I can tell you that the vast majority of the people that are making five percent or more are probably mostly in preferred stocks and there in one or two you know energy utility stocks that are probably paying five six percent maybe a couple real estate investment trusts that are making five or six percent and then not mix in with a some that are making three and a half percent you know their average is ending up being five five and a half percent and that's that's great so it really depends on what you're buying and and what sectors you're buying in so but an income stock is not exempt from loss I mean it can go down but the goal is to get the income so the mindset has to be and this is counterintuitive to us as humans but the in but the but it has to be an attitude of I really don't care I don't know what so yeah I put fifty thousand in now I have 42 I really don't care because I'm getting my income consistently every single month and that's all I care about because I know the 42 is going to go up to 55 someday and I you know it's going to fluctuate it's going to go back and forth but the probability of loss after 10 years is going to be very very slim almost well statistically at zero but I wouldn't say that I mean it because a lot of it depends on what you have so I'm not worried about it but if you're not in it for the income solely then you're gonna have the you're gonna want to sell some things you're gonna want to take profit you're gonna want to say well I'm up 20% I'm selling or you're gonna want to say I'm down 20% I got to get out I'm scared so it really is successful when you are have the the the convictions to build a portfolio so I've got this portfolio bill it looks like to me that the average I should earn this year is whatever it five and a quarter percent and that's great and that's there also the end of it you don't look back the only time you look at it is when you have to sell one of them because they stopped paying a dividend or you have a preferred stock that gets called and now that it got called you've got to replace it with something you look at them when today I put an income stock on my sell list this morning I said you need to sell this and it's a very big income stock and I know a lot of people own it because it's an 8% stock it's paying 8% dividend and know a lot of people own it but and you you know like you may have heard me earlier saying to some people recommending a couple of other stocks on the buy list and maybe now you're going from 8 percent to 6 percent in income so those kinds of things might come along but in a perfect world you would buy build this portfolio know what income you're getting collect that income use it to supplement your income and never look back so is there ever a good or bad economic climate to be moving into income portfolios well I mean it's a again it goes to by perspective I'll tell you what my perspective is losing my voice here but from my perspective I would want to go build an income portfolio in a really good market climate because in a really good market climate so many of those income stocks are going to be down they're gonna be flat or down a lot of these income producing stocks are perceived particularly real estate investment trusts prefers and utility stocks are perceived as a flight to safety so what happens is in a really good economic environment people sell out of those positions because they want more opportunity for growth so they're selling so they're going down so from my perspective I would rather go in when they're when they're dropping when they're going down so that I you know have a good cost basis thank you Dan all right you're welcome 844 707 55 33 we'll be right back [Applause] welcome back financier issues I'm dancing it is great to be here I sure appreciate all of you being with us I told you we have an amazing interview coming coming out we're so excited about it it's the Kara tipet's story this is a picture of the DVD case it is an amazing documentary number one documentary on Amazon you can get it on Netflix it is an amazing story now I have to be honest with you I haven't got all the way through it you know me I cry at TV commercials but it is a blessed blessing of a story and I want you all to make sure that you see this and we have the producer producers and directors with us so we're going to go to them right after this little clip so watch this it was the most sobering sad moment of our life I don't know why this is happening to our family I think it's my calling to just live faithfully I want to be able to share this story that suffering isn't a mistake and it isn't the absence of God's goodness because he's present in pain well welcome back you know we have Jay Lyons and Sofia Lyons who are the producers and directors of this amazing story it was an amazing store thank you now I haven't seen all of it but I am gonna watch the rest of it soon as I have a day where I feel really emotionally strong I haven't had one of those days in a long time but I any anytime now I'm sure but you know it is a story that we wanted to share with with everybody and I can only imagine I really can't what you guys learned from doing this what some of the life lessons that you got from it what God has revealed to you in in this what were some of the things that Kara taught you well just so your listeners and viewers will know it is a story about a woman who has breast cancer and she suffers and it's a painful story but it's as she says it's a good story which even that statement just kind of blows your mind like how can a young mom with four small children a 30-30 eight years old right how can that be a good story when breast cancer causes that woman to suffer and not to ruin the ending but eventually die so it is a movie about suffering in death so on the surface it's like whoa no thank you and that was all honestly some of our initial reaction was like no thank you who wants to talk about death or who wants to think about death but as a Christian person and I'm a TV producer so don't hold that against me well you know we live in LA and we have a production company and that's what we do I felt like I just I knew as a Christian that we we have the we know the answer we we know the truth for eternity and and I had been praying about doing eternal projects that could help people with these topic so when Kara story actually met her through Facebook can you imagine and and this story is following her mm-hmm through this incredible journey some of the documentary has footage from her cellphone it's very raw I'm sorry I didn't answer a question but I'll say very simply what Kara taught me is in her dying she showed me how to live and so it's not that oh I want to focus on death or be thinking about him all the time it's not that she showed us how to live and Kara showed me as a mom how to cherish moments that we kind of take for granted or even grumble and complain about like oh my gosh I've to take my kid to school and we're stuck in the carpool line well before I met Kara I did that and now I take the opportunity if I'm stuck in traffic to really listen to my son and take those moments and like not take them for granted and realize like I am NOT guaranteed a tomorrow and I'm also not guaranteed a long life and before I met her I really thought I was if I did a B and C you know if I was healthy I lived a god-honoring life and I played my cards right I was gonna live to be an old lady and then I met Kara and she did everything right she was a vegetarian for seven years no pre disposal to breast cancer there was no family history she nursed all four of her children which there's some stats about breast cancer if you nurse your chances of getting it go lower oh she did everything right and she still passed away from a really crazy strain of breast cancer and it showed me God is in control he does give us our story sometimes we look at that story and go no thank you it's scary yeah and she embraced her story and saw that it was good even though it was a little bit scary and there there's a lot to learn for men as as our husband our husband was a pastor yeah yeah and I just you know it's it's a called story yes but it's one that that everybody needs to see right and you need to go if you've never been to Amazon go to Amazon and get it or and I say get it you can watch it on Netflix it's it is an amazing documentary number one documentary on Amazon you can get it on Netflix I say get it because you want to pass it on you know share it with other people and I was I was thinking if you had a strong group small group in your would be it would be a great thing to go through if if they had the emotional will and strength to go through it so I just urge everybody to to see this story it's interesting that you brought up the small group we actually developed a seven part video series curriculum with discussion guide for small group oh really that's not out yet though it is it is on the website oh wow Karen tippets documentary we would love to have a copy of that so I can so I can talk about it and let people what's the website Cara tip its documentary calm okay and the need is so great the reason why we did that is because we had so many requests and so many people were impacted by her story not just the cancer on the surface it seems like Oh a cancer story but there's so much there there's living in community there's sharing your struggles with people they're supporting other there's marriage topics here's how to parent in difficult times so so many people have contacted us about this and and honestly we never really intended we never had any idea but just from my personal standpoint we did meet Cara in a coincidence what I would say is a god coincidence and then all the doors opened up and we didn't understand why we were doing it but now we see that so many people and like you said it was number one on Amazon which was a shock it's bought it so yeah it's it's it's very that there's a need and people have written us and said we watched it we talked about it because so many people go do this whether it's themselves or a loved one and you touched on the importance of men I think something that really resonates with couples or husbands and wives watching this is how do we deal with suffering as a couple you know when we're thrown a curveball when we're throwing a bad diagnosis regardless of whatever the suffering is in your instance are you gonna fight for intimacy in your marriage while that's happening where do you find the joy in that and how do you move forward and so the film touches on a lot of different topics um so it just it was a fascinating beautiful experience I feel so blessed to be a part of that I felt like I was kind of a fly on the wall to this beautiful holy experience that was extremely intimate to make how long was the process well we actually met Karen near the end of her life several months but and then we were with her near to the end so like I said it is a movie about suffering and dying but what we did was we before she passed away we decided to do the documentary because we didn't go into it thinking oh we're making a documentary it just kind of happened so I see you in radio yeah it's it's about doing being obedient but I asked Kara before she passed away hey can I have all of the videos you had and she said of course so she gave me her phone she had done some blogs she had done some other interviews so we combined that all together but it feels very raw and real and she was a mommy blogger so she just started a mommy blog and then she wrote a book and then she got cancer and she was also thrust and thrust into the national spotlight with the right to die and the suicide conversation oh well she was a big part of that you remember a woman named Brittany Maynard who she had a brain tumor and she was very young I think 29 years old and moved from California to Oregon where it's legal to end your life before two and so she decided to do that and Cara was also very young decided to reach out to Brittany and just say hey there's another way to do this you can suffering doesn't have to be this scary awful thing yes you're in pain I'm in pain too can you listen to my perspective and they started a dialogue well I got into the media and they just spun it into this terrible thing how dare you tell her what to do with her life that's her life and Karen never intended for it to be a political conversation at all it was really just her offering her opinion she was in the same exact situation is this woman's just saying it doesn't have to end the way your doctors have described it to you you know I think of the incredible ministry that God gave her absolutely to make this yes I know and and and you guys obviously collaborators with with God and her to get this get this out there this is one of those things that is going to minister to people for years and years and years and that's what's so neat about it and you guys are blessed I've been able to be a part of that and we're so excited that we're gonna do some things with you guys as well you know we have some exciting news too what's you know there's a company that has contacted us and they want to make like their own type of video TV yeah yeah it's called financial issues we're gonna work with them to do some amazing shows we're excited about it f is MTV it's gonna be great yeah the first be on your new side is that yeah yeah that's right you are is there a brand pain the opinions and recommendations expressed by Dan are his own and do not necessarily represent the opinions of this station or any of the show sponsors welcome back financing issues well I hope what a great great interview I'm so grateful we we want to make sure that we replay that interview on our first hour and second hour as well which we will do but you know folks there's someone that you know that you can be you can give them an incredible gift to minister that to them in a very difficult time of need that they may have and I would ask you to take a look at this video a Long Goodbye the carer Tippit's story and you can buy this DVD you can buy this DVD on online on Amazon make sure you pick it up I know that I am going to want I know my wife is gonna want four or five copies as she does her women's Bible study and she does things that she can hand this out to people and say you know it's a sad story but be encouraged and you know anytime we have an opportunity to share something that is so overtly God's hand is in this it is such a powerful powerful thing that we can do to minister to people so I hope you will do that it is it is an amazing it is an amazing story and we are grateful here at financial issues to have the opportunity to bring this to you I know it's probably the first time so many of you are hearing about it you number one documentary on Amazon it is it's it's an amazing story I hope you'll buy 10 copies of it and and make sure that you have it in hand and if you're it's light enough that you can keep it in your handbag who knows who you were run into you know I was with a couple when we were in DC that this week and they were telling us a story of their uber driver getting lost to get them they were watching him on the screen turn around pull u-turn and come back I finally went away and all of a sudden another person pulls up in a car uber driver and they get in the car with this man about in his late 50s and as soon as they got in the car and they started to talk a little bit he told them that he lost his son two weeks ago and it became so evident to us when we heard the story and to them that that was all planned by God so that they might minister and pray with this man which they did he was he broke down they he pulled over this is an uber driver they never they never saw the man before they prayed with him they talked with him sometime and he he knew he knew he said that God was was in that moment and so what a blessing this is one of those things you know this is one of those things that you will be able to share with so many people and Sofia Lyons who gave me this it is a packet of tissues when she gave me the DVD and it was like she knows me she must have know me right so it was it's amazing I'm so glad we had a chance to do that it's always nice to be able to have an opportunity to use our plan for this is a platform build built by God for the kingdom and this is one of those little pieces of kingdom work that we get to do because of what God has given us he has raised up an enormous megaphone and I always say I'm not sure why I don't understand it I get a little nervous but I know one reason today he built this megaphone because he knew that I was going to be able to have an opportunity to interview Jay and Sophia about this incredible documentary that they did so that God could use our megaphone to minister to so many people and it is it is a joy and I'm so grateful that we had the opportunity to do it and every once in a while it's a knife nice for me to step out of my box a little bit which I don't really like doing but to step out of my box and do something different and it was it was great it was great interview I can't I can't say enough about it obviously hard to make a transition from that to what we normally talk about here with that in mind I'm not gonna try too hard but I will say this to you gives me an opportunity to do something that I am really out of my box and uncomfortable with but I'll do it anyway we believe that God has raised up this ministry for a moment like we just had especially one that was so unplanned for a moment to minister to so many people because of God's the megaphone that God has given us and continues to grow but none of it happens without God's people see we're here today God not only raised up the megaphone but he's also raised up people to support or what it is we're doing to be a part of it and we couldn't do it God gave us the opportunity and opened the doors and raised it up and we are trying to be in the obedience of that and I've always said and I've always been in a place I know it's not because of me that he raised it up and I know it's not for me that he raised it up and we are committed here not to be building the kingdom of financial issues or F is MTV that's not what we're about we don't want to do that we want to build the kingdom of Christ we want to do things for that Kingdom not for our own personal Kingdom we want to be able to use the megaphone that he has given us in so many other ways that we might Minister whether it's Christians United for Israel whether it is the Long Goodbye the story of Cara Tippit's and and great sharing the story of great producers like Jay and Sophia alliance that that and then made this incredible documentary we listen whatever it is that's what we want to do we want to do so many different things to share the work that God has put before us so that we can minister to the kingdom of Christ and God's people and we only do that because of you so I want to thank all of you for what you have done in the donations that you've given the partnerships that have become a part of your life we are so grateful for that you can't even imagine and but we need to continue to rely upon the Lord that he is going to continue to raise up more of those there are people listening in to this that have great means and there are people listening that have very little means there are people that will come alongside us and pray for the ministry and pray for what God has done give us a vision and give us opportunities and give us resources and we need those prayers and cover those prayers and there are people with great resources that could make you know a change the world in which we live to do more for God with one donation and everybody in between and we are grateful that we have opportunities to share this vision with so many people and we don't know where the next dollar is gonna come from or who it's gonna come from but we know it's gonna be from God and you know I say all the time when people make donations or I talked to people about that that you can't imagine how humbling it is that God has put a wretch like me in this place but more importantly that God would nudge people like you nudge people like you to give to the work that he's put before us you know I know whether you do or not when we get a donation or a contribution or even a partnership I know that God has put a check in your heart to do that he's done that for the good of this ministry and it is so humbling when I think about that and it's more humbling to know that we have a family of people that listen every day to this program to an economists talk about finances and politics and how all that impacts us because you chose to be obedient to that check that God has put in your spirit I mean it's amazing so I'm gonna I'm gonna pray today right now and in in my heart that God would put a check in some of your spirits to support the work that we do here maybe it's $20 a month boy would we love that can you imagine if we got six or seven hundred people to give 22 hours a month maybe it's to give $20,000 maybe it's to give $100,000 whatever it is maybe it's to give $20 one time maybe it's to become a partner for $85 or 100 $24 all of those things such a blessing you know you've heard me say all the time when I talk about stewardship and our finances that I used to tell our children that it takes a lot of crumbs to make a loaf and if you're not happy and full of gratefulness because of the crumbs you're never going to have a loaf so I don't know when we get to that loaf but I am so appreciative of every crumb every dollar everything that we get to support this ministry and I hope and pray that more and more people will come alongside us that you will continue this organic growth from people telling people about this ministry what a blessing it would be and we are going to stay firm upon our convictions to stand firmly on doing the work of the kingdom thank you all we sure appreciate it we'll see you tomorrow god bless thank you for joining us this has been an F is M production we in America should be grateful to God for the blessings he's given us don't let anyone tell you that America's best days are behind you we have got to fight for this nation because I believe with all my heart this nation is in fact one nation under God let me go to Georgia Mississippi hey Doris thank you so much for taking my call there sure look what I was wondering was I am a 62 year old man I'm going to retire I have I know I have enough I'm not going to take my Social Security I have a pension I have about 50 or $60,000 I want to invest in the market are put in maybe an end I'm going to become a partner of yours just right away because I plan to do this and I'm going to put 50 or 60 thousand dollars in maybe this your program of investments are where I can get some return on it I don't have any money in the markets right now damn okay what I want to do is I can draw around around $1,000 a month out of this 401k and I don't need it so I tend to take it out channel it back into maybe some stocks that you recommend are biblically responsible that are solid like IP paper Exxon Mobil where do I go on the when I get to your website and I do become a partner and that's kind of what I'm wanting to know right okay so first thing George's understand that when you you probably know this but when you take out that thousand dollars a month you got to pay tax on that so keep that in mind if you do that you you've got to start paying I'm not against it I don't have a problem with doing that I'm just I just want to give you a heads up and make sure you realize that now you don't have to pay tax if you take the thousand dollars and roll it over into another IRA account but you know it might be just as well to take it so I just want to say that to you when you go to the website you know you're just going to the first thing you probably you're going to do is listen I have a couple videos I have one that you'll see a place once you're a partner you'll you'll get a different your login and you'll see partner tab and you'll click on the middle section where it says commentary there's a video there that that says a you have to watch a must-watch I want you to see that video I want you to watch that go through some of the instructional videos look at those watch those maybe go back and watch them again and again doesn't matter but watch some of those there's one called getting started that'll help you out there's lots of videos and information there that that you should you should look at to give you some information there's one video on the asset allocation model so you're going to go there to the asset allocation models when you go to that partner page there's going to be a on the left side I said allocation model time you click on that you see where where you want to invest in for your age group which would be 55 to 65 and you can you can look at that and that'll start giving you some ideas but there's videos on there that will explain that to you and how that works okay how much would you recommend spreading this money over take ten or twelve of them there's there a list on there there is a there is a list but on that asset allocation model that is going to say you should have making this number up but you should have seven percent in energy now I don't want you to put seven percent in one stock in energy I might want you to buy two I just added a couple to my buy list you never buy anything or put it in anything that's not on my buy list if it's you know so you'll see when you click on that commentary section in the middle when you hover over that partner tab you'll you'll go to the commentary section scroll down and you'll see a big long list of stocks there the ones on the buy list you never put money in a stock that's not on that buy list so you'll you'll look and say okay here's these energy stocks that are on the buy list you're not to put it in every one of them but read the descriptions you'll see that one of them might be a refinery one of them might be just an oil company one might be liquefied natural gas so you can put a little bit of that seven percent in each one of those thank you so much because I'm fixing to join and put some of this money to I'll let it roll in you know and just invest for a while maybe as I get seventy or something and then I'll give me some more thank you so much all right thank you George I appreciate it thank you for partnering god bless let me go to Jeff Jeff calling us from Ohio hi Jeff Dan yes sir so great to hear your voice thank you hi you're glad you had a vacation if I were to give you any advice I'd say do a little more often you sound so refreshed yeah I feel again and I thank you for your the warrior you are right we need you so badly continue to illustrate course the way God would have us do things I'm a long time to listen never been a partner for about five years I've got a bunch of money in traditional IRA okay and I'm trying to bleed it out I think I heard you say one time yes you do that before you turn 70 yes so you're still saying that absolutely yeah I mean you don't have to do it before you're 70 but you know I mean try to get it done you know keep continuing to do it so it's so it's out of there obviously the more you get out before you're 70 you don't have to make withdrawals from it mandatory withdrawals from it and that's always a good thing so one way to do that I'm gonna be buying a car probably 30-some thousand dollars that a good way – yep some of it okay yeah sure yeah absolutely okay yep all right well lift your name every day in prayer thank you brother again glad you're back from a beautiful vacation and thank you hope you do it more often yep thank you I hope I can – I sure do because it is it is nice to sleep and relax a little bit thanks Jeff let me go to Tina Tina's calling us from Mississippi hey Tina hey good morning just to say yet god bless you for all that you do thank you welcome I have a question for you if a quick one I these companies that invite you out to a fancy meal and then they try to sell their services to you on future benefits and retirement plans yes how do you feel about those companies well I can't speak for all the companies because they're all a little bit different but look this has been going on for years and years 98% of them are selling annuities and that's their main goal was to make a sale all their commissions big commissions are made when they make the sale once they make that big Commission they care a little about the account doesn't matter you can't do anything about the account anyway because you're kind of locked in unless you want to pay that surrender charge I don't think it's a good idea I don't think that any if you truly want to be an investor then you ought to be an investment products not insurance products if you need insurance of course you go to insurance companies not brokerages I hope and you go to insurance companies but I'm not a big fan of not I can't speak for the companies but I'm not a big fan of what they sell and what they're doing and the means in which they're trying to do it and look I can have a town hall meeting and I can make anything that I wanted to make sound really good I can make it sound really good and any time I want to scare everybody sitting there I can scare them all I I don't look it it is so easy to talk about these products when you're using assumptions that have already happened and you're picking the good assumptions that have happened and that's what you're using moving forward when you're holding these meetings and everybody says wow chances are if you'd had done it 10 years ago you wouldn't have got into those products anyway but they're the ones that have done good in the last 10 years so I I would just stay away from them and not even open the envelope just throw it in the trash and and think real closely about it I'm just saying yes god bless you for all that you do all right Tina god bless you I'm glad you called thanks for being with us we'll be back all right we're going to go to phones 844 707 55 33 let me go to Brian Brian's CONUS from Oregon hey Brian hey good morning Dan good morning well how are you sir I'm doing great thanks hey my question is for a lot of us I believe and I've learned through listening to you and jumping in how to dollar-cost average down and the basics of it and and maybe even a little bit better than that but but I'm even wanting to dial down more I'll know if that's possible but my question for us is that I how do we dial in dollar-cost averaging down a little better in that I've gotten in I've overdone that in a couple of positions where I've followed it down and it's not a bad thing because you know especially if I have the extra cash and I can wait for it to come back up but yet I would have rather allocated that money to other things rather than have it sitting there waiting if you understand what I'm saying and so is there a way that those of us out here who are really trying to track that I know you've said the 30 day 40 day thing but sometimes you miss a lot of a lot it can go up really fast you know just wondering if there's more that I can apply myself to to gain a better skill at at following something and averaging at the right time the best thing you could do and everybody listening is to not try to do that I don't want to sound I'm not trying to sound like a wise guy but we usually there's two things that happen so you've heard me say dollar cost average once pick pick your time dollar cost average don't look back don't be concerned you did a good thing it may still be going down but your dollar cost average down that's great move on and that trying not to time that because when we try to time it we we always we always lose out as much as we might gain in other words I'm talking about opportunities not money so we we will lose now I speaking from my you know 30-some years of doing this I for instance I learned 30 years ago – I don't do market orders I know they're a good thing and I don't think there's anything wrong with doing them I mean not market orders I don't do limit orders when I buy because I buy when the markets open and my theory is now that if I want something that I like that's a good solid company I buy it I'm not worrying about where it is I'm going to buy it it's or it's ready to buy it's gonna buy lists where it is right now and I'm not going to try to save 30 cents a share by putting a limit order in because every time a years ago and I should try to do that you get Burton you end up with nothing because if it's a good buy it means it's got upside momentum and that upside momentum may kick in just as you're ready to buy it which means it's never going to take that dip and you're going to lose the add-on and you're gonna end up buying it either more expensive or not getting it at all so I say you know don't try the time and don't don't try to do that with dollar cost averaging on the forty day average I only that only applies to companies that are severely down and they've been severely down for a very long time and there does get to a place in a company where you've got to try not to catch the falling knife and just wait until it drops and it doesn't really hit the ground until it starts coming back up and there is a point in time where you're always benefit I always say a good investor never forever gets in at the bottom and they never get out at the top they get out somewhere around the top they get out in somewhere around the bottom but because they're not timing they're not trying to wait for that they're smarter than that and they understand that that's really hard to do that's why there's no rich wealthy timers on Wall Street that they don't even exist because it's too hard to do so don't even try so I would say hey I'd our cost average I'm gonna pick right now I'm gonna I have a number of mine when it gets there I'm buying in that's the end of it and or if I want to I have it and I've watched you go all the way down now I'm afraid that it's going to continue to go down and really get serious trouble then the best thing you do is you'll wait until you have a 30 day at least forty day better movement up and buy it as it's going up that's a very good strategy for a buyer because now you're now you're buying a company that has a trajectory of going up and you're not buying a company has a trajectory of going down so you end up getting off to a stronger start with that company so it's really hard and I just I I want to encourage people buy your stock don't look back sell your stock don't look back you know you know how many times people call say I sold that stock I made 22 percent if I – held it I would have made 41 percent it doesn't matter you made 20 it's a good thing don't look like I'm really good at that I'm very disciplined I never looked back I don't care what happens once I sell something I don't care once I buy something I don't I don't really care so so I wouldn't try to do it I wouldn't I don't I you know I think of a day you you probably you might not have been active and don't remember this but I remember when Ford Motor Company this was back when it was very big and I was managing hundreds of millions of hours and every one of my portfolios probably had for dinner and Ford Motor went from like 38 hours and it started to drop like a rock I bought it all the way down to five dollars a share and when I got it at five I began to panic like oh my gosh this is gonna go out of business it never came up and never it's still to this day has not and this was many many years ago still to this day has not seen $38 so yeah it came up I had a very low cost basis by the time and I was an average hour across average in very large amounts but so you know I did okay I got out of it and when it was down to five dollars it was paying thirteen percent dividend so I was you know I was getting paid to wait so it all kind of worked out after a very long period of time but you know I say you pick your time you have dollar cost average once and forget about it okay okay yeah I kind of got not in trouble but I'm totally fine with over buying in these ones that I've you know DCA down on but just because you've done your analytics I trust you the company saw it it's going to come back up it's just had a downturn and you know no big deal but I looked at some of their older lai clothes I kind of look at their trends that way and that may not mean anything but I don't know if that helps but at but that's just I'm just I haven't my brain works that way Dan I just some yeah yeah Hale what's so here's here's what happens this is the beauty of dollar cost averaging an and this is the beauty of buying a market just getting in the market so if you look at historical trends and you see that the market tanks and you know you're you know you're down now the market tanks now the market goes up and the market on the way up general over will run up above where it was the last time it was up it all set new high-speed me you ever stock on your list that's out of 52 week high and I say yeah because it's gonna reach another 52 week I and I want to own the stock it's just you know 52 week high is just happens to be where one day it hit a pretty good high doesn't mean it's not gonna reach it again but here's the thing to remember it's not the highs that are important what's important is every time it reaches a new high nobody ever talks about this it sets a new low it sets a new bottom in other words I or low yeah yeah high or low so the bottom is now not going to be chances are statistically and historically it's not gonna it's not going to go down to that other low and that's why traders are getting in at larger highs because they either own it at very old lows or they understand that they're gaining value even if it dips it's not going to dip to the last low that it hit and so you're picking up ground I don't know if that makes sense but you're you're picking up ground gradually now these are long-term investors and they're picking up ground each time so so it's it's hard for me it's not so hard for me I'm trying to think of it a good a good here's a good example it was hard for me not to be buying Caterpillar in big numbers on the way there hit one you know it was it was really hard and and I'll tell you but I haven't bought it yet still have a body so now I already missed the bottom maybe seems like it's gonna it might have that might have been about so I missed it now so at this point because of all the volatility in the market and trade I'm thinking this might be one of those cases where it could revisit that but I guarantee I won't miss the next time because I'll probably you know I'm gonna buy it but is hi and the reason what I'm trying to get at and you you brought this up that you trust the analytics and you trust the system and more importantly you trust your strategy and the companies and that's really a great thing that's a great place to be so I do too so I know you can say what you want but caterpillar is a good solid company you know regardless of what is happening you know it's it's it's a good good foundational company so it's hard not to buy it when it's dropping but I'm glad I didn't because I would probably be way over weighted in it right now and I would have a lot of different prices that I would own to that so I just say pick your time pick your price buy it one time and let's move on to another company yeah okay okay I just needed you to slap me upside the head there yeah you knew that I was getting in a little bit too deep into the you know minutiae of it but you know it's you're just trying to make the best well I love it because you're learn you're you're getting such a good grasp of things and that's gonna serve you really well so it's good that your your your micro analyzing a little bit and looking at some of these things that's all good stuff man that's that's a great learning process to be going through Brian I got a run I appreciate your brother thank you continue to buy right god bless we'll be right back folks [Applause] let me just ask you all something as we think about this is there a satanic plot to destroy America how about if I can talk about if you could learn about and read about and understand the militant spirit in and around abortion the rise in radical feminism most and most importantly the tempt to silence prophetic voices one of the most wicked women in the Bible Jezebel who has led Israel into idolatry and immorality is that same spirit leading us down the same path boy I'll tell you when you love to know about all those things when you love to just put those things in a biblical perspective as we look at the events that are going on in our world well now you can do it you'll see the book here I'm holding up Jezebel's war with America this is an amazing book this is a book that you are gonna have to read you have to read it no offends and buts about it you've got to get this book because it is going to help you in so many ways in our faith it's written by dr. Michael Brown and some of you will know dr. Brown by his nationally syndicated radio program line of fire an amazing program we're hoping we have here on F is MTV and radio but it is a incredible book folks and happy to have dr. Brown with us dr. Brown thank you for being with us we sure appreciate it I'm so glad to be with you and let me tell you this writing the book Jezebel's war with America was was a real revelation for me it's when the light went on and I suddenly saw all these different dots clearly connect together that there is a spiritually rational explanation for some of the madness that's happening in our society and yes people make decisions and yes we are responsible for the decisions we make and yet there is a spiritual war that we're fighting and if we close our eyes to it we will never see the change we so desperately want to see well the way the way this book goes through some of the things that we might not even think of from a spiritual war perspective and this spirit of of Jezebel is just it was it was so eye-opening that every tell tell everybody where they can get the book first of all yeah they should all go to Jezebel's war with America calm the book comes out on August 6 so it's two weeks from now but when they pre-order so they go to Jezebel's war with America calm and there are links where they can pre-order online when they get the book they will immediately get the first three chapters sent to them in PDF to start reading then they'll get the e-book free when it comes out another ebook of mine called playing with holy fire they'll get that free a mini ebook they'll get free a couple of videos free over fifty dollars of free material I don't know what the publisher was thinking but base I I think I think the publisher III lost audio I think the publisher was thinking I guess they were they I guess they were thinking not about your the minister the well-being of your ministry financially but man what a Incredibles war with America calm it's a no-brainer folks you got to go there go there today I got an idea for all of us listening the millions of people listening to this right now let's shut down let's see if we can shut the website down we like doing that here and everybody go to Jezebel war Jezebel's war comma s Jezebel's war it was no comma oh there's no comedy Jezebel's war with America calm Jezebel's war with America calm tell-tell the people listening some of the things that are is going to be practical to them that they can share and use in the defending of our faith in church yeah absolutely so when we look in the Bible we see this woman jezebel an incredibly wicked woman she's associated with idolatry with murder with silence in the profits you can look at Paris a pioneer radical feminist she emasculated men she's associated with sexual immorality with witchcraft then you look at America as a whole so I'll make this person on the moment but you look at America as a whole and you think wait wait we're dealing with the same symptoms today the same demonic forces that operated through Jezebel are operating again today from the idolatrous turning away from God the sexual seduction through porn oh boy we must be having some bandwidth issues oh there you go he's going go ahead yeah the emasculating event the silencing of the prophetic voices and things like that the intimidating by fear we have this happening clearly on a national level and and what we what we need to realize is that this affects us where we live that when we recognize the spiritual warfare we're in we can push back against the intimidation of fear we have to realize there is a murderous baby-killing spirit it's it's not just a political movement it's a murderous spirit we've got to combat a on that level and so many folks listening to you and watching you they have lost their spiritual authority through intimidation through this Jezebel ik attack they are subject to fear they don't have the ability to stand and fight they've got to realize what's going on the second to last chapter of the book I deal with how to defeat Jezebel in your personal life and then how we can deal with Jezebel on a national level but but this is a seduction this is a destruction I can speak to the man and say that this spirit emasculates that this spirit robs you of your authority of a healthy biblical manhood everything today is toxic masculinity we've gone from father knows best you know to Homer Simpson from the father being wise and godly leader to now the father being a jerk in an idiot the prophetic voices are afraid to speak out for fear of consequences and then women have lost their womanhood that the war on gender turns men into women and women into men and and then with the rise of porn the the pressure on women the sexualization of women the objectifying of women this is all stuff we're dealing with and our kids are dealing with this in everyday life in the schools in the homes we must combat this head-on we must recognize the spiritual forces we're dealing with then we can see victory then we can see transformation Jezebel's war with America calm go there right now Jezebel's war with America dot-com and get this book you're gonna get the first three paragraphs immediately I'm sorry chapters immediately you're going to get a the whole book in PDF form it you know as it comes out it's due to come out of August 6 folks what a it's a it's something that you're gonna share with so many people what an ideal thing for a small group study to go through this book tell us how this Jezebel's war is it acting the church desmos wars impacting the church first in that the spirit of seduction is there so the church is really battling with pornography probably most people in our churches are struggling even leaders are struggling that's one thing absolutely directly and then this intimidation by fear come on so many Christian leaders won't address controversial issues so many Christians are afraid to stand up for what's right today because they don't want to be unfriended on Facebook or they don't want to get marked negatively on their job or kids at school don't want to be rejected so this intimidation by fear the silence and the prophetic voice it is all over and then we've lost our way with understanding biblical manhood and Biblical womanhood the confusion has entered the church as well and and look our kids are dealing with the same confusion the same war on gender the same homosexual activism our kids are coming home confused they're getting influenced by social media and not only that when you've got the rise of witchcraft reportedly there are more witches now in America than Presbyterians we documented in detail in the book when you've got this going on this is spiritual war there are demonic powers my focus is on Jesus not on the devil but the Bible also says we're not ignorant of Satan's devices and we are wrestling with spiritual forces in heavenly places it is demonic it must be revealed and we've got to overcome the spirit of fear with faith with confidence and so many Christians they are shells of who they used to be they have gone into spiritual hiding because of the intimidation of Jezebel it's time that we stand up and push back mmm Michael this book unveils this satanic satanic plot doesn't it oh it absolutely does and you know what happened with me I started to piece things together and and then I began to notice even more with President Trump being like a Jehu type figure in the Bible he does good but there's lateral damage so if you love Trump if you hate Trump you read the book all the same that it's the same overall same overall message but with him in the White House now that the radical feminists have come out of the woodwork and shouting their abortions and you even have witches cursing the president but not just cursing the president they're their hexing male patriarchy I mean this is some of the dynamic of what of what's going on as this started to piece together for me I could not stop writing I was almost writing around the clock it was just like my hands are on fire gotta get this message out well Jezebel's war with America calm Jezebel's book war with America dot-com you need to go there now dr. Brown Michael I'm gonna have you back and a couple weekend I'd love to continue this thank you the opinions and recommendations expressed by Dan are his own and do not necessarily represent the opinions of this station or any of the show sponsors welcome back financial issues let me get back to phones let me go to Yvonne Yvonne Yvonne's calling us from Texas hey Ron hello mr. Dan how are you good are you Yvonne from our retreat yes where is Ivan from – from our retreat okay thank you how are you talk it doing better than I deserve he totally talked about to retreat I won't stay thank you so much for making that happen this was come to my life and life of my wife just in perfect time we was looking for something like this and we was we was down I can tell you in my battery like my old truck when I put the new battery go again I wasn't that place my battery was completely down and I mean spiritually and thank you for that and special for Yvonne for making that that is able to treat one disappointment like in that because you said this every other year I thought it will be every year but you said will be every other year well you're not the only one that said that but we appreciate that and I'm so glad it was encouraging to you guys so thanks oh yeah oh yeah definitely yeah one thing what made me to call you the person to take colors before name Jason he say he don't know what start how to start and he doesn't know what exactly to do I have to tell him I hope he's listening I was in his shoes probably three and half four years ago when I moved to Texas I heard that in the radio and you say you're charging eighty five dollars to become a partner as a man I'm paying right now fidelity adviser four hundred fifty dollars every quarter and this guy will charm only six eighty five per ear Ivan didn't know who you were what you've been doing it I jumped in eighty five dollars to start listening this instructional videos investing one-on-one I said well look at that it's not that complicated I was thinking man there's something I will never learn how to do it decision why god these investors for last fifteen twenty years paying a lot of money because I was afraid even to touch that area because I'm not very smart and very confusing for me but this is the best thing I ever done don't become a member with you create five dollars this is a drop in the ocean the information in advice we getting from that it's worth much much more than that that anyway there's another point well well thank you for them and when you introduce the folia tracker tools I mean I jump in I tell me and this guy know exactly what he's doing and he's explaining the way even I can understand and I feel like I told you if I understand that stuff anybody can understand it and this thank to you because we got patient with the people just like me patiently answer every question I was thinking I say behind that microphone sometimes I go up and I'm not the guy who has to be affected but because of you wisdom impatient with the people like me I have to tell you anybody with albear is listening and say hey I don't know what he's talking about I just been doing this for years just jump in you'll understand later the benefits of that membership and I have to tell you you always say thank you for becoming partners I have to tell you I think and I'm confident we're benefiting more from being a partner with you than you've benefiting from us I can tell you with a 100% I mean since I become a member of course I pulled out my mono from that advisors and I'm doing it in my own I don't have stainless $450 and my portfolio was growing like crazy I think man I can't believe it it's scary sometimes I told my wife scary they're going up it's not real because because I've been there for three four years with you now once they thank you so much for whatever you doing for us keep it up and I wish you can just organize some kind of trip to Israel or we gotta maybe go on the ship in the water for a week with you but I know what they'll say what it is but work whatever I'm gonna we're gonna keep doing it we're gonna do some things we've got some things we're planning so but thank you so much for that and I want to thank you for encouraging other listeners that is such a blessing to the ministry and and you really have blessed us I know because there's people listening to you that are going to come alongside us and they're gonna learn how to invest honoring God with their money and be blessed by it because of what you just said and encourage them so I want to thank you you really have encouraged me Ivan and I'm I'm so grateful to you and we were so blessed by you and your wife being there so we're glad that you were blessed by the retreat thank you thank you so much again for whatever you're doing for us and and I hope so one more thing if anybody out there thinking hey $85 somebody lost you lost your mind but not becoming a member for $85 in information we're getting from you and by the way if somebody will be I'm a member today and tomorrow for $85 to participate in that town hall meeting on Saturday this was only being one time to listen you for our hour here for two hours and get all this benefit information how to manage the money I didn't make some money and I never actually give money to a mission but because of G's my money growing up I got enough to give to the mission we saw such a blessing for that pre-board specially I got a call from them last night actually I talked to his brother not then stainable his brothers whatever his name is I'll be going to on the 15th who get some kind of gathering over here and Katie who I leave and they told me that we invite you to come with us I hope you can be there too yes gathering well you know where Ivan III so that that makes my day knowing that you're able to give to preborn and other and other missions that's what we're all about we want to help people give in a greater better of stronger way to the kingdom work that's being done and we get to participate in there in that by helping you and man you really have blessed us today and I thank you so so much and I look forward to seeing you soon I know we're going to be able to catch up one of these days down in Houston not before too long so yeah III appreciate it so much and I thank you for you for for your encouraging us god bless you brother please please tell your wife how much we appreciate her as well and play it glad that she was blessed by by the pious and I yeah I'm sorry no go ahead I said the preborn called me last night to thank me I said don't thank me first of all it's by the grace of God yes we were able to do it in called Nancy Lee and tell him thank you because it's not for him we wouldn't be doing it well and I want to say thank you again for that Thank You Ivan god bless you you guys have a wonderful day I appreciate I don't have I don't have any questions the only reason because I listen to you every single day for three hours oh my god phone never missed it but this why I don't have any questions I mean if I don't know now today he will answer tomorrow that's right a thank you thank you thank you and God bless you and your family and means to keep it up Network and we praying for you for your ministry for preborn and saying God allowed me to be part of this country America America Amen god bless america god bless you thank you and now keep listening thank you so much well great stuff I don't even know where well we're about the end of the program but man where do you go from there and what a blessing and I appreciate he was he and his wife were at the retreat his wife's from the Ukraine he's from Russia and I'm annoyed because I couldn't remember a name but Natalia and Natalia yeah he finds me Vaughn just told me so but anyway just what a great story let me see if I can squeeze Kb I hate to do this to you I know is long there but see if you can go quick go ahead hello good morning Jeremy my god I got you here's my question if I were a new member we're setting up our brokers account and if listen I put stocks buy stock a hundred shares for X and then it doubles in value and I want to sell half of it to lock in those profits and then use that profit to buy another stock do I have to pay tax on that right then or when do I pay the tax on the sale of the stock you you would pay it you will get a 1099 at the end of the year on your brokerage statement and and and you'll file that with your taxes next year it's not every time I sell a stock in the account it's at the end of the year it's at the end of the year that's right you'll get a 1099 statement the end of December you're welcome KB god bless you a great question you know not too many people ask that but you know it's a good question no you don't pay it right away you will pay it you just got to pay it for that calendar year which you pay it the following year so yeah good question and let me just emphasize folks because people get confused when you have a stock in your IRA account you're not paying anything for that when you sell it right you know that so if you sell a stock and it's up 50% and you sell it you know there is no tax due on that because all of that money in a traditional IRA is considered income and you won't pay anything on that till you start drawing it out when you retire if it's in a Roth IRA account then you'll never pay tax on it because it grows tax-free so remember that when you hear about capital gains tax and I got to pay if I sell this I made all this money I got to pay a capital gains tax not true in an IRA account only only in an investment account that is just a joint investment account that's not in an IRA so you do pay a fifteen percent capital gains tax for a long-term capital gains you have to have it for thirteen months and then then its long-term capital gains if short-term capital gains you got to pay 20% so hopefully that helps you hey what up what a blessing I so appreciate Ivan I hope he's encouraged some of you that have been on the fence about being a partner that it is something that you can do you need to trust God that that he is going to help you that you're gonna be able to do it trust our website that if you are patient patient diligent take your time watch videos learn gradually no sense of don't have any sense of urgency when you invest just take your time you will learn God's gonna give you a great peace because you're now honoring him with the resources that he is giving you so give it a try you can go to financial issues dot org to do that if you've got a leave us which everybody does because we're finished we'll be back tomorrow rapid-fire Friday have a great day god bless thank you for joining us this has been an F is M production

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