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Speaker 1: Now adjust the volume control so that the sound can

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Speaker 1: be heard in all parts of the room. This is

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Speaker 1: to Protect your Assets podcast.

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Speaker 2: You get the idea of bring on the internet.

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Speaker 1: Make him the cutest I've ever.

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Speaker 2: Seen go on. It's like low cheese I've ever tasted.

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Speaker 2: Inflation is proving tougher than the Fed thought. What does

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Speaker 2: that mean for markets? Well, adding to that, we got

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Speaker 2: a little video earnings this past week and the market

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Speaker 2: went down, So what does it mean?

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Speaker 1: Bomb?

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Speaker 2: James Bomb? According to Google searches for quote yield curve

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Speaker 2: is way up. Stick with me today as we have

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Speaker 2: some fun and found out everything you need to know,

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Speaker 2: well just about everything when it comes to bonds. Good morning,

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Speaker 2: welcome to protect your assets. I am David Hollander, your host.

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Speaker 2: For those of you just joining us for the first time,

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Speaker 2: Welcome people around here. They call me the Sandman. The

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Speaker 2: ten year treasure yield finally went through four percent, and

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Speaker 2: the question is what does that mean? What should you do?

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Speaker 2: It's a great question, and today we're going to talk

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Speaker 2: about that when it comes to interest rates, bonds and

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Speaker 2: what they mean to your account. Now let's get started.

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Speaker 2: So good question, do you need to AI proof your portfolio.

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Speaker 2: The markets this week after in Vidio had such great

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Speaker 2: earnings and that was off one point three percent, still

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Speaker 2: positive for the year, almost two percent of S and

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Speaker 2: P five hundred off about four tens of one percent,

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Speaker 2: barely up this year. And the NASDAC pretty tough week,

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Speaker 2: down one percent, off two and a half percent for

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Speaker 2: the year. The MSCI International continues to trend to head

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Speaker 2: up zero point seven percent. You're today we're up nine

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Speaker 2: point four percent. Tenure treasure yield broke for down in

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Speaker 2: three ninety five, three point ninety five percent. So there

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Speaker 2: was a big week in a lot of ways. Let's

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Speaker 2: talk about it. AI continues to dominate the market sentiments

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Speaker 2: whip sign between dystopian fear and innovation led optimism. On

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Speaker 2: one side is the disruption, the concern rapid AI advancement,

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Speaker 2: compressing values, challenging legacy business models, raising concerns about knowledge

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Speaker 2: and worker displacement. On the other side, well, you have

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Speaker 2: the promise of higher productivity and you have an earnings

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Speaker 2: backdrop like with Nvidio this this past week, that continues

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Speaker 2: to beat expectations, and in many cases this is accelerate.

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Speaker 2: So caught between these opposing narratives are US large cap stocks,

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Speaker 2: which have traded essentially sideways for the last four months,

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Speaker 2: and the range between this year's high and low and

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Speaker 2: the S and P five hundred is one of the

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Speaker 2: narrowest on record, and this is hiding the dispersion beneath

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Speaker 2: the surface, as weakness in tech has been offset by

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Speaker 2: strength in the other areas of the market, like we

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Speaker 2: saw here in the Dow and the MSCI so in Video.

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Speaker 2: The world's most valuable company still by market cap, reported

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Speaker 2: quarterly results last week. As I've been talking about the

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Speaker 2: valuation above, get this four point seven trillion dollars. They

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Speaker 2: have an eight percent weight of the S and P

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Speaker 2: five hundred, and the results for AI were among the

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Speaker 2: most anticipated for the season, so it's been the case

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Speaker 2: for several quarters. In Nvidia delivers record revenue, beat analyst

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Speaker 2: expectations and issue strong guidance, noting that computing demand continues

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Speaker 2: to grow exponentially and that enterprise adoption of AI agents

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Speaker 2: is also accelerating. Yet despite the strong fundamentals and confirmation

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Speaker 2: that AI infrastructure is in full swing, investors just weren't impressed.

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Speaker 2: Shares of in vidiafl five percent last week, reflecting the

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Speaker 2: concern that AI may be overheating. And so when you

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Speaker 2: add the other megacap tech companies that can continue to

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Speaker 2: pour capital into chips, data center power capacity, you have

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Speaker 2: AI spending now expected to reach get this seven hundred

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Speaker 2: billion this year, it's double last year's spend. You've got

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Speaker 2: some concerns, their skepticism it's rising right now now around

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Speaker 2: the pace of this kind of spending, the step up

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Speaker 2: in capital intensity, and the ultimate return that these investments

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Speaker 2: are going to generate. Markets believe that AI infrastructure and

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Speaker 2: demand is healthy and that it's anchored. At the same time,

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Speaker 2: they're also skeptical about the cost and pace of spending.

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Speaker 2: And so far, if you think about it, it's kind

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Speaker 2: of kept a lid on Nvidia because if we go

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Speaker 2: back to the two thousands, remember anything with a dot

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Speaker 2: com on it would just blow it, just go crazy, right,

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Speaker 2: Prices were just insane. We're not seeing that right now.

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Speaker 2: And so I like to look at the bond market

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Speaker 2: because I think the bond market is calling this right now,

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Speaker 2: and so that's going to be our topic today as

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Speaker 2: we talk about bonds. In other words, they call it

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Speaker 2: the smart the smart market. What's it telling us right now.

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Speaker 2: The bond market commonly referred to as the smart market,

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Speaker 2: because a lot more goes into the process of price

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Speaker 2: pricing fixed income securities compared to the relative process of

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Speaker 2: pricing equities. What I mean to that point, in its

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Speaker 2: simplest form, stock prices are based on the present value

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Speaker 2: of expected future cash flows given forecasted revenue earnings. On

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Speaker 2: the other hand, future earnings potential for fixed income securities

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Speaker 2: like treasuries is already known via the coupon rate, leaving

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Speaker 2: the macroeconomic backdrop of the broader market to decide what

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Speaker 2: the value of that coupon should be each month or

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Speaker 2: each quarter. And so as we start to see, as

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Speaker 2: I said, Google the search for quote yield curve, investors

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Speaker 2: are looking into the interest in the bond market. As

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Speaker 2: we see the yield curve at the highest rates we've

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Speaker 2: seen since late twenty one early twenty two, other spikes

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Speaker 2: and searches for this quote yield curve. It coincides with

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Speaker 2: period of inversion, and we're gonna look at the MOMB

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Speaker 2: market day and some of the inversion that's going on.

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Speaker 2: Does this signal a slowdown or recession like we saw

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Speaker 2: on the Great Financial crisis or COVID nineteen pandemic, very

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Speaker 2: good questions. The good news right now, because there is

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Speaker 2: some good news, is that we continue to see the

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Speaker 2: US economy still relatively positive and growing in line with

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Speaker 2: the trend that we've been talking about. Good corporate earnings

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Speaker 2: double digit growth in twenty six. Coming up next, you'll

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Speaker 2: find out more about that what you can do with

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Speaker 2: your savings accounts here listen, you're the Sandman on the

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Speaker 2: Protect your Assets Radio network. We'll be right back there.

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Speaker 1: Times are changing, some would say they've already changed, and

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Speaker 1: how do you actually protect your assets? David Hollanders. Protect

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Speaker 1: your Assets events focus on common financial concerns that individuals

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Speaker 1: and families face in retirement, things like how to prepare

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Speaker 1: for unexpected medical expenses and ways to create income to

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Speaker 1: help support your desired lifestyle. Join us at our next

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Speaker 1: free event to learn how addressing these concerns can help

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Speaker 1: you feel more confident about the days ahead and help

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Speaker 1: you sleep better at night. Just go to PYA events

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Speaker 1: dot Com and reserve your seat today. That's pyaevents dot

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Speaker 1: Com and sign up or join the wait list today.

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Speaker 1: Pyaevents dot Com Now back to Protect your Assets with

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Speaker 1: David Hollander, the Sandman.

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Speaker 2: Last week, we saw a couple of things happen. The

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Speaker 2: PPI index of measures inflation, it was hotter than expected.

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Speaker 2: And we also had Nvidio report earnings and the market

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Speaker 2: didn't really like it too much, even though they were

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Speaker 2: pretty strong, and added that the ten year treasury went

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Speaker 2: below four percent. Held that. So these developments they mean something.

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Speaker 2: It's important to understand if you're considering retiring soon or

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Speaker 2: maybe you're retired, because you should consider this. You may

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Speaker 2: hold a lot of cash at the bank right now,

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Speaker 2: and if you hold over two hundred and fifty thousand

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Speaker 2: at any bank, pay attention to what I'm about to say.

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Speaker 2: FDIIC covers your deposits up to two hundred and fifty thousand,

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Speaker 2: but beyond that it does not. So how much cash

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Speaker 2: do you have at the bank right now? What should

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Speaker 2: you do? These are all really good questions, and that's

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Speaker 2: why today our theme is James Bond the bond theme,

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Speaker 2: because we're going to talk about bonds and that reminds

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Speaker 2: me if you want to come to one of our workshops.

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Speaker 2: We are doing workshops all over the Bay area right

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Speaker 2: now and coming up this week and next week. You

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Speaker 2: got two of my favorite places. You should go. Visit

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Speaker 2: our website at LIBERTYGROUPLLC dot com. You can click on

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Speaker 2: the events tab and there's the dates and location and

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Speaker 2: then a little blue register button where you can sign up.

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Speaker 2: All right, so what should you do if you have

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Speaker 2: all that money sitting in the bank, Well, you might

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Speaker 2: want to spread out your deposits. Really first, understand this.

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Speaker 2: The strategies that worked well for you during a sustained

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Speaker 2: bull market, well they may not be working for you

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Speaker 2: right now. And a second, you might want to be

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Speaker 2: thinking about defense now as interest rates look like they're

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Speaker 2: starting to come down. And this would be for your

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Speaker 2: safe money portfolio. And so how do you know what

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Speaker 2: that is? Well, you want to look at everything that

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Speaker 2: says fixed income or cash on your statement and consider

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Speaker 2: that it's paying you and how much is it going

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Speaker 2: to be paying you that amount and for how long?

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Speaker 2: And you want to understand that. For those of you

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Speaker 2: who just don't know what I'm talking about, then we're

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Speaker 2: going to start with some here as it relates to

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Speaker 2: bond basics. Bond, James bond. When the Fed lower's interest rates,

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Speaker 2: your income goes down. Why is that? Well, because Most

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Speaker 2: bonds pay a fixed coupon, and these coupons adjust based

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Speaker 2: on what the Fed publishes as interest rates. When rates

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Speaker 2: are lower, you make less, When rates are higher, you

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Speaker 2: make more. Sounds simple, and these are some other bond

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Speaker 2: basics you need to know. When you look at a bond,

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Speaker 2: you will see a number of different terms. And this

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Speaker 2: is where I write some of these down. Coupon. As

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Speaker 2: I said, that's the rate. That's the rate you're gonna

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Speaker 2: get paid each and every year. So if a bond

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Speaker 2: has a coupon of six percent, then in theory, you

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Speaker 2: should be paid six thousand dollars on your one hundred

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Speaker 2: thousand dollars investment each and every year. It's not that simple. Next, mature, No,

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Speaker 2: not how old you are. Maturity means when you get

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Speaker 2: your one hundred thousand dollars back when it matures. If

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Speaker 2: you see it matures on June second, say twenty thirty,

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Speaker 2: then that means as long as the institution or the

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Speaker 2: government that issued that bond is around, you'll get that

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Speaker 2: principle back. And in this case, that was one hundred

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Speaker 2: thousand you invested. Next, you should look for the term callable.

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Speaker 2: This means that they could call the bond away from you,

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Speaker 2: in other words, stop paying you interest and pay you

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Speaker 2: back your principle starting with the call date. So if

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Speaker 2: it says callable, make sure to find out when the

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Speaker 2: call date is and if that would disrupt your income

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Speaker 2: plan if it stopped, and if it does, then maybe

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Speaker 2: shouldn't buy it. Next, look for the price. Is the

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Speaker 2: bond at discount also known as sub par? Or is

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Speaker 2: it at par? Or is it at a premium? One

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Speaker 2: hundred per bond is known as par. If the bond

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Speaker 2: is selling at ninety nine point eight nine, then that

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Speaker 2: is a discount, or we call it a sub par bond.

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Speaker 2: It doesn't really matter to me whether I buy at

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Speaker 2: a discount or at a premium, as long as the

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Speaker 2: yield to call, the yield to w which means yield

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Speaker 2: to worse, or the yield to maturity aligns with the

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Speaker 2: income that I'm trying to create. Here, let me unpack

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Speaker 2: that a little bit. Like I said, par is one

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Speaker 2: hundred per bond. If I pay more than that, which

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Speaker 2: is possible, say I pay one hundred and one per bond,

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Speaker 2: then that would be a premium versus the discount I

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Speaker 2: mentioned earlier of ninety nine point eight nine. Again, it

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Speaker 2: doesn't matter if I get the rate I'm looking for

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Speaker 2: in my portfolio. So that brings me to understanding what

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Speaker 2: the true rate of return is. So the terms that

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Speaker 2: are used to describe rates and bonds are yield to call.

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Speaker 2: Also you'll see probably YTC, yield to worst, you'll see YTW,

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Speaker 2: and yield to maturity. Typically you see YTM. You really

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Speaker 2: want to pay attention to YTC and YTW because those

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Speaker 2: essentially could be your lowest return you could make on

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Speaker 2: that bond if you were to buy it. An issuer

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Speaker 2: can call that bond upon an event or date in

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Speaker 2: the market if the market is such that they could

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Speaker 2: pay someone else less. It's just business. So if the

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Speaker 2: coupon is six percent, the yield to call, say is

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Speaker 2: eight point three seven one percent, and the yield to

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Speaker 2: worst is six percent, then if the call date works

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Speaker 2: for your investment time horizon, then of course you'd rather

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00:14:57,320 --> 00:15:01,520
Speaker 2: be collecting eight point three percent versus six, But six

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00:15:01,680 --> 00:15:04,920
Speaker 2: isn't too bad either in this environment if it were

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Speaker 2: investment grade. How else can you make money in bonds? Well,

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Speaker 2: when interest rates fall, typically the price of a bond

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Speaker 2: can rise. How much well it really depends on, among

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Speaker 2: other things, being equal a bond's duration. You could multiply

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Speaker 2: the change and interest rates buy the bond's duration, and

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Speaker 2: you will have an estimate of that change in price.

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Speaker 2: Duration means, like I said, the maturity date minus today's date.

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Speaker 2: When interest rates go down by fifty basis points on

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Speaker 2: the tenure treasury, than a tenure maturity could go up

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00:15:43,120 --> 00:15:47,600
Speaker 2: by five percent in market value. Your longer maturity bonds,

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Speaker 2: like your twenty or your thirty year terms, well those

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00:15:50,200 --> 00:15:53,920
Speaker 2: should go up more typically because they're more sensitive to

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00:15:53,960 --> 00:15:57,440
Speaker 2: a change in interest rates than say a shorter maturity

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Speaker 2: bond like a three month or a two year. So

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Speaker 2: as interest rates keep falling like we just saw this

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00:16:03,600 --> 00:16:06,280
Speaker 2: past week, remember the ten year drop below four percent

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00:16:06,320 --> 00:16:10,280
Speaker 2: and held and closed at that rate Friday, the value

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Speaker 2: of your bonds could keep rising, particularly if they have

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Speaker 2: an average maturity as opposed to one fixed maturity. I

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00:16:18,000 --> 00:16:20,560
Speaker 2: want to explain that a little bit because a lot

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Speaker 2: of people have this. Let's assume you had one hundred

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00:16:22,640 --> 00:16:26,240
Speaker 2: thousand dollars bond portfolio made up of various different bonds.

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Speaker 2: If US interest rates fall one percent, here's what could happen.

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00:16:31,800 --> 00:16:34,960
Speaker 2: Let's assume you had a twenty year zero coupon bond

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00:16:35,000 --> 00:16:38,480
Speaker 2: with twenty year duration. You could make up to twenty

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00:16:38,520 --> 00:16:41,720
Speaker 2: thousand dollars on your principle if you sold it. If

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00:16:41,720 --> 00:16:45,240
Speaker 2: you had a long term bond fund that have an

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00:16:45,320 --> 00:16:48,560
Speaker 2: average eight year duration, which means all the bonds you

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00:16:48,640 --> 00:16:50,640
Speaker 2: have them, you add them all together, and the average

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00:16:50,680 --> 00:16:53,880
Speaker 2: maturity is around eight years, you might make up to

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00:16:53,880 --> 00:16:56,400
Speaker 2: eight thousand dollars a principle. And if you had a

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00:16:56,440 --> 00:16:59,560
Speaker 2: short term bond fund would say a two year average duration,

259
00:17:00,280 --> 00:17:02,600
Speaker 2: well that could be about two thousand dollars a principle

260
00:17:03,520 --> 00:17:08,080
Speaker 2: again if you sold. What's important about this is that

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00:17:08,160 --> 00:17:11,200
Speaker 2: you go and check your statements. Check the maturity dates

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00:17:11,200 --> 00:17:14,720
Speaker 2: to see how far out your terms are right now. Next,

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00:17:14,720 --> 00:17:17,040
Speaker 2: look at the symbol in front of the position. Is

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00:17:17,080 --> 00:17:20,160
Speaker 2: it a three or five letter symbol. If so, then

265
00:17:20,160 --> 00:17:23,080
Speaker 2: you probably have a fund and your goal is to

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00:17:23,119 --> 00:17:26,920
Speaker 2: find out what's the average maturity on that fund, because

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00:17:26,920 --> 00:17:30,840
Speaker 2: if the average is short, then you could lose what

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00:17:30,880 --> 00:17:34,160
Speaker 2: I explained earlier if rates were to continue to go down.

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Speaker 2: If your bonds don't have a symbol, but rather you

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00:17:37,160 --> 00:17:39,280
Speaker 2: have a bunch of numbers. These we call these Q

271
00:17:39,440 --> 00:17:43,200
Speaker 2: SIP numbers, they're usually lengthy. Then you most likely own

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00:17:43,280 --> 00:17:47,359
Speaker 2: an individual bond. That bond is backed by the ability

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00:17:47,359 --> 00:17:49,639
Speaker 2: of the issuer to pay you back, and as long

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00:17:49,720 --> 00:17:52,800
Speaker 2: as they're still around at maturity, you should get par

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00:17:53,040 --> 00:17:55,560
Speaker 2: back for the bond which was one hundred member versus

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00:17:55,640 --> 00:17:57,320
Speaker 2: ninety nine or one or five as we were talking

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00:17:57,320 --> 00:18:02,439
Speaker 2: about just a few minutes ago. Retirement is full of

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00:18:02,600 --> 00:18:07,840
Speaker 2: complicated choices. When do you take sol security? How do

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00:18:07,920 --> 00:18:11,800
Speaker 2: you choose the pension options that are best for you

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00:18:12,359 --> 00:18:17,000
Speaker 2: and your spouse? How do you keep taxes low? How

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00:18:17,040 --> 00:18:19,280
Speaker 2: do you make sure your loved ones get everything that

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00:18:19,320 --> 00:18:24,440
Speaker 2: you've worked so hard for? Do you know if your

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00:18:24,520 --> 00:18:29,920
Speaker 2: current plan solves all these problems? Well, if not, then

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00:18:29,960 --> 00:18:34,720
Speaker 2: you could be exposed. So find out what planning can

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00:18:34,800 --> 00:18:37,919
Speaker 2: do for you by speaking with a member of my

286
00:18:38,320 --> 00:18:43,520
Speaker 2: team right now who are giving away my retirement checklist.

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00:18:44,680 --> 00:18:46,960
Speaker 2: We will email this to you right now. It's absolutely

288
00:18:47,000 --> 00:18:50,000
Speaker 2: complimentary and it's a quick read that could really help you.

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00:18:50,840 --> 00:18:52,920
Speaker 2: So pick up the phone right now and request this

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Speaker 2: eight six' six seven seven six eight three two Eight

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Speaker 2: the number to call eight six six protect couldn't hurt

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00:19:02,400 --> 00:19:05,200
Speaker 2: to get a second. Opinion age six y Six Protect

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00:19:06,560 --> 00:19:09,119
Speaker 2: coming up next On protect Your. Assets it's time for

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00:19:09,119 --> 00:19:13,959
Speaker 2: our popular they say segment where they say falling rates

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00:19:14,600 --> 00:19:17,440
Speaker 2: or all that matters when it comes to your? Bonds

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00:19:18,119 --> 00:19:21,440
Speaker 2: is that really? True so much more to. Come keep

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00:19:21,480 --> 00:19:22,400
Speaker 2: it tuned right.

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00:19:22,480 --> 00:19:31,280
Speaker 1: Here take the first step toward reaching your financial goals

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00:19:31,320 --> 00:19:34,119
Speaker 1: and get the information that can help you live a confident.

300
00:19:34,160 --> 00:19:38,119
Speaker 1: Retirement that first step is going to byaevents dot com

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00:19:38,160 --> 00:19:43,480
Speaker 1: and signing up for our next free, event That's pyaevents Dot.

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00:19:43,520 --> 00:19:47,280
Speaker 1: Com now back To protect Your assets With David hollander The.

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00:19:47,359 --> 00:20:04,760
Speaker 2: Sandman welcome, Back welcome back To protect Your. ASSETS i

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00:20:04,800 --> 00:20:08,879
Speaker 2: Am David. Hollander people around here they call me the Sand,

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00:20:08,960 --> 00:20:11,800
Speaker 2: man and that's BECAUSE i help you sleep better at

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00:20:11,920 --> 00:20:15,840
Speaker 2: night by giving those road signs when things are, Changing

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00:20:15,880 --> 00:20:20,399
Speaker 2: how do you protect? Yourself today's our special bond, Show

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00:20:21,280 --> 00:20:27,000
Speaker 2: Bond James, bond and that's because we're talking about bonds

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00:20:27,000 --> 00:20:29,520
Speaker 2: today and what you need to know about them and

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00:20:29,560 --> 00:20:36,040
Speaker 2: what the changing environment right now means to your retirement. Portfolio,

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00:20:38,560 --> 00:20:42,040
Speaker 2: so if you missed any of the first couple segments

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00:20:42,040 --> 00:20:45,439
Speaker 2: of today's, show where we were outlining important things you

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00:20:45,480 --> 00:20:49,520
Speaker 2: need to know as you analyze. Bonds then please go

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00:20:49,720 --> 00:20:53,399
Speaker 2: to our podcast where you can listen to this show

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00:20:54,160 --> 00:20:57,280
Speaker 2: and find out what you might have. Missed how do

316
00:20:57,320 --> 00:20:59,760
Speaker 2: you do, That, well if you're On spotify or MAYBE I,

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00:21:00,119 --> 00:21:03,440
Speaker 2: tunes you just type in the search glass type in

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00:21:04,320 --> 00:21:08,800
Speaker 2: protect Your assets and my name Usually David, hollander and

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00:21:08,800 --> 00:21:11,320
Speaker 2: it will pop. Up you'll see the. Show and if

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00:21:11,320 --> 00:21:13,120
Speaker 2: you want to look for The bond, show you can

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00:21:13,200 --> 00:21:16,680
Speaker 2: just type in protect Your ass's bond and should pop

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00:21:16,800 --> 00:21:19,080
Speaker 2: up and you'll find out what you missed out. On

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00:21:20,000 --> 00:21:23,200
Speaker 2: now it's time for one of our fan favorite parts

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00:21:23,240 --> 00:21:26,200
Speaker 2: of our. Show this is our They say segment where

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00:21:26,200 --> 00:21:29,159
Speaker 2: we debunk come and miss half truth and sometimes just

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00:21:29,200 --> 00:21:31,440
Speaker 2: bad advice that they, Say.

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00:21:33,359 --> 00:21:36,320
Speaker 1: Who are? They what do they know THAT i? Don't

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00:21:36,560 --> 00:21:40,000
Speaker 1: and what are they saying this? Week Here's David, hollander

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00:21:40,080 --> 00:21:40,880
Speaker 1: The sandman's.

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Speaker 2: Answer all, Right so here's one they. Say they say

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00:21:46,359 --> 00:21:51,840
Speaker 2: that falling interest rates are all that matters when it

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00:21:51,920 --> 00:21:57,960
Speaker 2: comes to your. Bonds is that? True, well it's true

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00:21:58,119 --> 00:22:01,959
Speaker 2: that it's a big, influence but there are other things

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00:22:02,000 --> 00:22:05,919
Speaker 2: you should pay attention to as, well, well like what,

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00:22:06,920 --> 00:22:10,000
Speaker 2: well certainly the items THAT i covered in the previous,

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00:22:10,040 --> 00:22:12,919
Speaker 2: segment those are important and again if you miss, that

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00:22:13,040 --> 00:22:16,159
Speaker 2: go back and listen to our podcast or get a

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00:22:16,280 --> 00:22:19,600
Speaker 2: copy of my. BOOK i wrote a. Book it's out.

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00:22:19,600 --> 00:22:22,520
Speaker 2: There it's Called Protect Your assets and get On, amazon

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00:22:22,600 --> 00:22:26,040
Speaker 2: and in, IT i have a whole, segment whole chapter

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00:22:26,920 --> 00:22:29,879
Speaker 2: devoted to this, subject and there's some great little tables

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00:22:29,880 --> 00:22:36,840
Speaker 2: in there you can look. At what. Else, well if

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00:22:37,600 --> 00:22:41,200
Speaker 2: twenty twenty five taught us anything about, bonds and now

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00:22:41,240 --> 00:22:43,680
Speaker 2: in twenty twenty, six with the development we just saw

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00:22:43,720 --> 00:22:45,840
Speaker 2: this past week on the ten year, treasury what it's

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00:22:45,840 --> 00:22:49,360
Speaker 2: showing us is that as the dollar continues to weaken,

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00:22:50,520 --> 00:22:54,320
Speaker 2: internationally could be a good idea as well if you

348
00:22:54,400 --> 00:23:00,000
Speaker 2: consider bonds as well as. Stocks realize that right now

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00:23:00,000 --> 00:23:04,480
Speaker 2: now your international portfolio could be, up while your domestic,

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00:23:04,520 --> 00:23:07,919
Speaker 2: portfolio in some cases could be flat or. DOWN i

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00:23:08,000 --> 00:23:09,840
Speaker 2: covered that again in the market, Segment so you may

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00:23:09,880 --> 00:23:13,160
Speaker 2: want to go back and listen to. That but let's

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00:23:13,160 --> 00:23:15,720
Speaker 2: look at the actual bond market right, now because that's

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Speaker 2: WHAT i. Like they call this the smart money the

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00:23:18,160 --> 00:23:23,320
Speaker 2: bond market because it does do some predicting and it's

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00:23:23,359 --> 00:23:25,760
Speaker 2: based on, rates and SO i like to start with

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Speaker 2: THE Us treasury now, again Like i've been Saying, friday

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00:23:29,320 --> 00:23:32,320
Speaker 2: the treasury closed at three point ninety five. Percent what

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00:23:32,359 --> 00:23:35,040
Speaker 2: does that? Mean if you bought a tenure treasury you

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00:23:35,080 --> 00:23:37,879
Speaker 2: would get three point ninety five percent On. Friday this

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00:23:38,040 --> 00:23:40,480
Speaker 2: changes all the, time, yes and so you need to

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00:23:40,520 --> 00:23:43,919
Speaker 2: pay attention to. It but as of close of, market

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00:23:44,680 --> 00:23:47,680
Speaker 2: WHEN i go and look at the six month average

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00:23:47,680 --> 00:23:51,159
Speaker 2: maturity market right, there what was that paying three point fifty? Seven,

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Speaker 2: okay so obviously three ninety five is more than three fifty. Seven,

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Speaker 2: yes what's the market telling?

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00:24:00,440 --> 00:24:00,520
Speaker 1: Us?

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00:24:00,600 --> 00:24:03,159
Speaker 2: Well when we look at the six month out to

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00:24:03,240 --> 00:24:08,359
Speaker 2: the tenuere some interesting things are. HAPPENING i talked about.

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00:24:08,400 --> 00:24:14,160
Speaker 2: Inversion what's an? Inversion go look it, up, uh three

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00:24:14,359 --> 00:24:18,080
Speaker 2: fifty on the three, Month then we go to the six,

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00:24:18,200 --> 00:24:23,440
Speaker 2: month three fifty. Seven what happens on the nine month goes?

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00:24:23,480 --> 00:24:27,160
Speaker 2: Down it's at three fifty. Three on the one, year

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00:24:27,359 --> 00:24:32,359
Speaker 2: goes down again three forty. Six on the eighteen, month

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00:24:33,280 --> 00:24:36,840
Speaker 2: down again three thirty. Nine and these are, Average these

376
00:24:36,840 --> 00:24:43,000
Speaker 2: are average. Maturities the two year three thirty, five the

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00:24:43,119 --> 00:24:46,359
Speaker 2: three year three thirty, six the four year three forty,

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00:24:46,400 --> 00:24:52,080
Speaker 2: three five year three fifty all of those On, friday

379
00:24:52,200 --> 00:24:55,040
Speaker 2: we're less than the six. Month so what does that

380
00:24:55,160 --> 00:24:57,399
Speaker 2: say that if you if you charted that. Out my

381
00:24:57,440 --> 00:24:59,480
Speaker 2: point today is if you chart that, out you'll see

382
00:24:59,520 --> 00:25:04,360
Speaker 2: that going. Down so the market is predicting that between

383
00:25:04,400 --> 00:25:08,840
Speaker 2: the six month and the ten, year that maturity level is,

384
00:25:09,400 --> 00:25:11,800
Speaker 2: down because that's what you would get if you actually bought.

385
00:25:11,840 --> 00:25:15,520
Speaker 2: It LIKE i said as, well the ten year drop

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00:25:15,560 --> 00:25:19,040
Speaker 2: below four and closed and held at three ninety. Five

387
00:25:19,200 --> 00:25:23,439
Speaker 2: so what the market's telling us is that between now

388
00:25:23,480 --> 00:25:27,000
Speaker 2: and that term, period rates will continue to go. Down

389
00:25:27,119 --> 00:25:32,560
Speaker 2: what happens if you have things that are, maturing or

390
00:25:32,600 --> 00:25:34,680
Speaker 2: you have one hundred thousand dollars or more just sitting

391
00:25:34,680 --> 00:25:38,600
Speaker 2: at the bank right, Now well maybe you're doing that

392
00:25:38,800 --> 00:25:41,240
Speaker 2: because it feels safe and you don't want to put

393
00:25:41,320 --> 00:25:44,720
Speaker 2: your money at risk right now because things in the

394
00:25:44,720 --> 00:25:50,160
Speaker 2: world are so. Uncertain, well if that describes, you then

395
00:25:50,160 --> 00:25:53,640
Speaker 2: consider they're. Following each week we take a look at

396
00:25:53,680 --> 00:25:57,640
Speaker 2: interest rates and we look out at all the rates

397
00:25:57,640 --> 00:26:00,320
Speaker 2: to see what's going on at the largest, banks barns,

398
00:26:00,320 --> 00:26:03,520
Speaker 2: companies to see what's going. On in this past, week

399
00:26:04,640 --> 00:26:09,080
Speaker 2: we saw a pretty significant drop. Here the four percent

400
00:26:09,760 --> 00:26:13,800
Speaker 2: threshold was, important and when rates start to go down

401
00:26:13,840 --> 00:26:16,320
Speaker 2: below that and break down below, that it's telling you,

402
00:26:16,359 --> 00:26:18,960
Speaker 2: something the, market the bond market is, saying, hey there

403
00:26:19,000 --> 00:26:21,080
Speaker 2: may be some better value out there for you to

404
00:26:21,080 --> 00:26:24,360
Speaker 2: pay attention. To and so this is when we do

405
00:26:24,440 --> 00:26:27,480
Speaker 2: our retirement. Workshop we get into, this we talk about

406
00:26:27,560 --> 00:26:30,040
Speaker 2: the charts that we, use and then your income and

407
00:26:30,080 --> 00:26:32,879
Speaker 2: your taxes that you're going to pay in, retirement and

408
00:26:32,920 --> 00:26:36,200
Speaker 2: how you want to think about yields and types of.

409
00:26:36,280 --> 00:26:39,600
Speaker 2: Yields and this past, week, again WHEN i was looking

410
00:26:39,720 --> 00:26:44,040
Speaker 2: at the municipal, market and the municipal market's broken down

411
00:26:44,080 --> 00:26:46,720
Speaker 2: between national with other, states and then you have The

412
00:26:46,760 --> 00:26:50,359
Speaker 2: california municipal. Market and WHEN i look out around the

413
00:26:50,440 --> 00:26:53,480
Speaker 2: twenty year or thirty year, term when it comes to

414
00:26:53,920 --> 00:27:00,280
Speaker 2: the municipal DOUBLE a, market you're seeing yields above four.

415
00:27:00,320 --> 00:27:04,960
Speaker 2: Percent that's tax free federally if it's a National remember

416
00:27:05,000 --> 00:27:11,440
Speaker 2: if you, bought say A indiana, bond then you would

417
00:27:11,440 --> 00:27:14,520
Speaker 2: be paid that whatever that interest rate was. Quoted hopefully

418
00:27:14,560 --> 00:27:17,719
Speaker 2: it's above four percent in this, case and you're going

419
00:27:17,800 --> 00:27:20,879
Speaker 2: to get that not tax at the federal, level be

420
00:27:20,920 --> 00:27:23,760
Speaker 2: taxed At california. Level if you're A california, resident but

421
00:27:23,840 --> 00:27:27,479
Speaker 2: you're not going to pay that higher federal tax in your,

422
00:27:27,520 --> 00:27:30,919
Speaker 2: case maybe you're paying twenty four percent federal tax or

423
00:27:30,920 --> 00:27:34,000
Speaker 2: maybe you're paying more or, less so you got to

424
00:27:34,040 --> 00:27:36,119
Speaker 2: you got to factor that into the. Equation does it

425
00:27:36,160 --> 00:27:39,359
Speaker 2: make more sense to go with a taxable or a

426
00:27:39,480 --> 00:27:44,000
Speaker 2: tax free? Yield time for a, Break but WHEN i come,

427
00:27:44,080 --> 00:27:47,000
Speaker 2: back how much can you earn on your short term?

428
00:27:47,040 --> 00:27:50,199
Speaker 2: Money find out WHEN i come. Back you're listening to

429
00:27:50,240 --> 00:27:53,240
Speaker 2: The sandman on The protect Your assets radio.

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00:27:53,320 --> 00:28:00,000
Speaker 1: Network times are, changing some would say they've already, changed

431
00:28:00,400 --> 00:28:04,280
Speaker 1: and how do you actually protect your? Assets David Hollanders

432
00:28:04,320 --> 00:28:08,040
Speaker 1: protect Your assets events focus on common financial concerns that

433
00:28:08,160 --> 00:28:11,439
Speaker 1: individuals and families face in, retirement things like how to

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00:28:11,440 --> 00:28:15,359
Speaker 1: prepare for unexpected medical expenses and ways to create income

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00:28:15,440 --> 00:28:18,640
Speaker 1: to help support your desired. Lifestyle join us at our

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00:28:18,680 --> 00:28:21,959
Speaker 1: next free event to learn how addressing these concerns can

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00:28:22,000 --> 00:28:24,639
Speaker 1: help you feel more confident about the days ahead and

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00:28:24,800 --> 00:28:27,560
Speaker 1: help you sleep better at. Night just go TO pya

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00:28:27,720 --> 00:28:32,119
Speaker 1: events dot com and reserve your seat. Today that's pyaevents

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00:28:32,240 --> 00:28:34,480
Speaker 1: dot com and sign up or join the wait list

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00:28:34,520 --> 00:28:39,800
Speaker 1: today pyaevents Dot. Com now back To protect Your assets

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00:28:39,880 --> 00:28:41,160
Speaker 1: With David hollander The.

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00:28:41,240 --> 00:28:48,520
Speaker 2: Sandman we're. Back I'm David hollander and you're listening to

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00:28:48,560 --> 00:28:52,760
Speaker 2: protect your, assets and we found that the number one

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00:28:52,880 --> 00:28:58,720
Speaker 2: key to financial success and retirement wells protecting your. Downside

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00:28:58,800 --> 00:29:03,320
Speaker 2: in this past week taught us once again that even

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00:29:03,360 --> 00:29:07,320
Speaker 2: though earnings could be, great things are going, great stocks

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00:29:07,360 --> 00:29:11,200
Speaker 2: can go, down and the bond market can shift based

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00:29:11,240 --> 00:29:15,120
Speaker 2: on economic information that comes. Out markets are. Volatile so

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00:29:15,240 --> 00:29:17,480
Speaker 2: today we're talking about the bond market and what it's

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00:29:17,480 --> 00:29:20,080
Speaker 2: signaling and what we're doing about. It if maybe you're

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00:29:20,120 --> 00:29:23,560
Speaker 2: looking for things like more income and, retirement maybe a

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00:29:23,600 --> 00:29:25,800
Speaker 2: way too if something were to happen like you needed

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00:29:25,800 --> 00:29:29,280
Speaker 2: a long term care benefit to pay for care at.

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00:29:29,280 --> 00:29:31,520
Speaker 2: Home maybe you're, unsurable or maybe you don't want to

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00:29:31,560 --> 00:29:34,600
Speaker 2: pay to go get a long term care. Policy these

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00:29:34,640 --> 00:29:38,000
Speaker 2: sort of things like What i'm talking, about could have

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00:29:38,080 --> 00:29:40,720
Speaker 2: what's called an income doubler or some kind of a

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00:29:40,760 --> 00:29:43,280
Speaker 2: long term care benefit if you needed, it and it

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00:29:43,280 --> 00:29:46,719
Speaker 2: could then pay money to somebody to come to your

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00:29:46,760 --> 00:29:51,320
Speaker 2: house instead of your spouse to help take care of,

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00:29:51,360 --> 00:29:55,320
Speaker 2: you like help make, meals help, bathe help dress, yourself

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00:29:55,400 --> 00:29:57,040
Speaker 2: help you, know do all these things that maybe we

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00:29:57,040 --> 00:30:00,560
Speaker 2: don't think about until it happens to you because a

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00:30:00,600 --> 00:30:02,959
Speaker 2: lot of things we just take for, granted until it changes,

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00:30:03,080 --> 00:30:06,280
Speaker 2: right and things change, Fast so, again just make sure

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00:30:06,320 --> 00:30:07,840
Speaker 2: you have these things lined up and you know what

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00:30:07,840 --> 00:30:09,440
Speaker 2: you're going to do or what you want to. Do

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00:30:10,240 --> 00:30:12,840
Speaker 2: that's all super. Important and that reminds me about next.

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00:30:12,880 --> 00:30:15,520
Speaker 2: Week next, week we're going to be doing a very important.

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00:30:15,560 --> 00:30:22,200
Speaker 2: Show it's about reverse, mortgages and this is a very controversial.

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00:30:22,280 --> 00:30:24,120
Speaker 2: Subject SO i went out and found an. Expert he's

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00:30:24,120 --> 00:30:27,280
Speaker 2: been doing this for a real long. Time he will

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00:30:27,280 --> 00:30:29,960
Speaker 2: be here and we will be talking about reverse mortgages

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00:30:30,000 --> 00:30:32,520
Speaker 2: and what those, are how they, work and some things

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00:30:32,520 --> 00:30:36,400
Speaker 2: you need to think. About if that could present as

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00:30:36,440 --> 00:30:38,400
Speaker 2: an option to you later in, life if you wanted

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00:30:38,440 --> 00:30:41,600
Speaker 2: to stay in your, home and if financially you weren't able,

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00:30:41,640 --> 00:30:44,040
Speaker 2: to or you didn't need to pass it equity on

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00:30:44,080 --> 00:30:46,840
Speaker 2: to somebody, else maybe you want to get the most

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00:30:46,880 --> 00:30:48,960
Speaker 2: out of that. Asset because as we, know real estate

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00:30:49,000 --> 00:30:51,360
Speaker 2: values in The Bay, area well they've really done pretty.

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00:30:51,360 --> 00:30:54,880
Speaker 2: Well so how do you stay in? Place how do

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00:30:54,960 --> 00:30:57,960
Speaker 2: you continue to live the lifestyle you've been living when

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00:30:57,960 --> 00:31:00,720
Speaker 2: inflation's going higher and everything so much more more expensive,

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00:31:00,760 --> 00:31:02,680
Speaker 2: now Isn't it doesn't seem like it's going to, Stop

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00:31:04,320 --> 00:31:06,680
Speaker 2: so tune into next week's show and we'll be covering that.

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00:31:06,880 --> 00:31:09,560
Speaker 2: Subject and if there's anybody who's interested in, that maybe

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00:31:09,640 --> 00:31:13,080
Speaker 2: your your, mother or your mother in, law or your,

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00:31:13,120 --> 00:31:16,040
Speaker 2: spouse then tell them about. It you'd host a Show

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00:31:16,160 --> 00:31:19,080
Speaker 2: protect Your Assets Saturday morning. Show i'd like to give

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00:31:19,120 --> 00:31:22,360
Speaker 2: a big thanks to The protect Your assets team for

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00:31:22,440 --> 00:31:26,080
Speaker 2: putting together a great show. Today this was. Fun my executive,

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00:31:26,080 --> 00:31:29,680
Speaker 2: producer network Manager Kevin, renfer and of course all my

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00:31:29,720 --> 00:31:34,600
Speaker 2: fabulous producers back, There Phil Zach Dylon. Raff because without my,

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00:31:34,680 --> 00:31:38,120
Speaker 2: Team i'm just another pretty voice on the. Radio you

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00:31:38,160 --> 00:31:41,200
Speaker 2: have been listening to The Protect Your Asset. SHOW i

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00:31:41,280 --> 00:31:46,440
Speaker 2: Am David, hollander The. Sandman go out and make the

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00:31:46,440 --> 00:31:49,520
Speaker 2: rest of your life the best of your.

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00:31:49,560 --> 00:31:55,160
Speaker 1: Life the investment advisory services are offered Through Liberty Wealth,

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00:31:55,240 --> 00:31:59,240
Speaker 1: management a registered investment. Advisor this podcast is for informational

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00:31:59,280 --> 00:32:01,680
Speaker 1: purposes only and should not be relied upon as a

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00:32:01,720 --> 00:32:04,680
Speaker 1: basis for investment. Decisions the strategies to mention are not

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00:32:04,720 --> 00:32:07,400
Speaker 1: suitable for. Everyone the information expressed does not considered your

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00:32:07,440 --> 00:32:10,520
Speaker 1: specific situation or, objectives and may not be appropriate for all.

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00:32:10,560 --> 00:32:13,720
Speaker 1: Investors past performance is not indicative of future. Results to

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00:32:13,760 --> 00:32:16,600
Speaker 1: better understand the, risk associated with investing and how it

508
00:32:16,600 --> 00:32:19,720
Speaker 1: reacts to different market. Conditions listeners should always consult whether

509
00:32:19,800 --> 00:32:23,480
Speaker 1: qualified investment, professionals financial, advisors legal or tax, specialists and

510
00:32:23,560 --> 00:32:26,600
Speaker 1: conduct their due diligence before making any financial decisions or

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00:32:26,680 --> 00:32:29,240
Speaker 1: taking any. Action the legal information provided on the air

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00:32:29,320 --> 00:32:31,680
Speaker 1: is not intended to substitute for callers hiring their lawyers

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00:32:31,720 --> 00:32:35,160
Speaker 1: to advise them about personal legal. Matters investments involve, risk,

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00:32:35,240 --> 00:32:38,560
Speaker 1: and unless otherwise, stated are not. Guaranteed Liberty GROUP llc

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00:32:38,760 --> 00:32:40,840
Speaker 1: paid for the following, program and the host views and

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00:32:40,880 --> 00:32:43,400
Speaker 1: opinions do not represent those of the station or its

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00:32:43,440 --> 00:32:46,440
Speaker 1: Ownership California Life agent number zero four eight five sixty.

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00:32:46,480 --> 00:32:49,920
Speaker 1: Nine persons engaging the services of one affiliate Of Liberty

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00:32:49,920 --> 00:32:53,200
Speaker 1: GROUP llc companies should be aware that each company is operated.

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00:32:53,360 --> 00:32:56,920
Speaker 1: Separately you are listening to The Protect Your Assets Radio.

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00:32:57,000 --> 00:32:57,360
Speaker 2: Network