1 00:00:00,320 --> 00:00:02,720 Speaker 1: Good afternoon, getting right down the business here. We're doing 2 00:00:02,720 --> 00:00:05,640 Speaker 1: it live, doing more at four week the afternoons, right 3 00:00:05,720 --> 00:00:07,920 Speaker 1: after the Guy Benson Show and just before the seven 4 00:00:08,000 --> 00:00:11,200 Speaker 1: ninety KBC News Blitz. Motech on Money Live on the 5 00:00:11,200 --> 00:00:15,000 Speaker 1: Earth seven ninety KBC streaming live online worldwide at KBC 6 00:00:15,200 --> 00:00:17,920 Speaker 1: dot com and the on demand Motech of Money podcast 7 00:00:18,079 --> 00:00:21,720 Speaker 1: KBC dot com, Apple, iTunes, YouTube, all of your favorite 8 00:00:21,760 --> 00:00:25,480 Speaker 1: podcast platforms. Wedding day for the stock market, coming off 9 00:00:25,520 --> 00:00:28,840 Speaker 1: the three day holiday weekend, with Iran in focus and 10 00:00:28,920 --> 00:00:31,960 Speaker 1: the price of oil gas prices very much in focus. 11 00:00:32,000 --> 00:00:36,159 Speaker 1: Iran rejected a proposal from the US and mediators to 12 00:00:36,400 --> 00:00:39,080 Speaker 1: end hostilities for forty five days in exchange for the 13 00:00:39,080 --> 00:00:41,519 Speaker 1: opening of the Strait of Horror Moves, which is the 14 00:00:41,520 --> 00:00:44,919 Speaker 1: focus of attention at the moment. President Trump reasserting his 15 00:00:45,080 --> 00:00:48,560 Speaker 1: Tuesday eight pm deadline for Iran to reopen these trade 16 00:00:48,560 --> 00:00:52,760 Speaker 1: of horror moves or Iran will face bombardment of its infrastructure. 17 00:00:52,800 --> 00:00:55,240 Speaker 1: The entire country, the President said, can be taken out 18 00:00:55,280 --> 00:00:58,200 Speaker 1: in one night, and that night might be tomorrow night. 19 00:00:58,360 --> 00:01:01,480 Speaker 1: He announced that at his news conference this morning, he 20 00:01:01,520 --> 00:01:04,639 Speaker 1: said Iran's counterproposal is not good enough. In his words 21 00:01:04,640 --> 00:01:07,400 Speaker 1: for a ceasefire, though he called it a significant stamp. 22 00:01:07,800 --> 00:01:10,200 Speaker 1: According to The Wall Street Journal, the US military is 23 00:01:10,240 --> 00:01:13,840 Speaker 1: making preparations for potential strikes on energy targets in Iran. 24 00:01:14,440 --> 00:01:17,920 Speaker 1: President also describing in detail the dramatic search and rescue 25 00:01:17,920 --> 00:01:20,920 Speaker 1: mission to recover two airmen in Iran, calling it a 26 00:01:20,959 --> 00:01:24,600 Speaker 1: rescue that's very historic. US officials said a little about 27 00:01:24,600 --> 00:01:27,360 Speaker 1: how Iran was able to hit an F fifteen EE 28 00:01:27,560 --> 00:01:30,759 Speaker 1: warplane or the eight ten attack plane. On Friday, President 29 00:01:30,800 --> 00:01:33,360 Speaker 1: Trump said the US has launched an investigation and how 30 00:01:33,760 --> 00:01:36,360 Speaker 1: news of a missing airman leaked to the news media. 31 00:01:37,000 --> 00:01:39,480 Speaker 1: President also floating the idea of the US charging a 32 00:01:39,520 --> 00:01:41,800 Speaker 1: fee for ships to cross the Strait of Horn Mouz. 33 00:01:42,240 --> 00:01:44,400 Speaker 1: I'll discuss the latest in the Middle East with Middle 34 00:01:44,400 --> 00:01:47,080 Speaker 1: East Thanks for Jan Revived later this hour. Former Network 35 00:01:47,080 --> 00:01:51,080 Speaker 1: News correspondent, author of numerous books about the Israeli intelligence service, 36 00:01:51,400 --> 00:01:55,000 Speaker 1: including Target Iran, Spies Against Armageddon, Every Spy of Prince. 37 00:01:55,240 --> 00:01:58,400 Speaker 1: He's also host of The Mosad Files. John Revive will 38 00:01:58,440 --> 00:02:01,440 Speaker 1: be joining me live later the shi. Also this hour, 39 00:02:01,520 --> 00:02:03,400 Speaker 1: we'll get an update of what's happening on the real 40 00:02:03,480 --> 00:02:05,880 Speaker 1: estate scene and important issues on the current market. With 41 00:02:05,920 --> 00:02:09,240 Speaker 1: one of our great sponsors, Wedgewood Homes. Kylie Muhler, director 42 00:02:09,280 --> 00:02:12,040 Speaker 1: of Market Acquisitions at Wedgewood Homes, will be joining me 43 00:02:12,120 --> 00:02:15,120 Speaker 1: live later this hour, but first on your money, the 44 00:02:15,120 --> 00:02:17,880 Speaker 1: markets and the economy. Joining us now top ranked money 45 00:02:17,880 --> 00:02:21,520 Speaker 1: manager Ken Winans, President and Chief Investment Officer at Winings 46 00:02:21,560 --> 00:02:25,280 Speaker 1: Investments at Winingsinvestments dot com. Ken Winens also a market 47 00:02:25,280 --> 00:02:27,520 Speaker 1: is story and author of numerous books. His latest his 48 00:02:27,520 --> 00:02:31,800 Speaker 1: Investment Atlas three. Check out his latest article in Forbes magazine. 49 00:02:32,120 --> 00:02:34,640 Speaker 1: Ken winen Is also hosts The Winning with Winings in 50 00:02:34,680 --> 00:02:38,760 Speaker 1: Las Vegas as well as worldwide on his podcast, Ken Wines. 51 00:02:38,800 --> 00:02:41,160 Speaker 1: Thank you very much for joining us live here this afternoon. 52 00:02:42,240 --> 00:02:44,519 Speaker 2: Well, Frank, it's always fun to have to come here 53 00:02:44,520 --> 00:02:47,440 Speaker 2: on a Monday after a beautiful holiday, and it's with 54 00:02:47,560 --> 00:02:52,120 Speaker 2: way everything you just talked about before this interview dealt 55 00:02:52,160 --> 00:02:56,400 Speaker 2: with military related issues, and it's interesting to see almost 56 00:02:56,440 --> 00:03:00,639 Speaker 2: without exception, every single defense stock that I track had 57 00:03:00,680 --> 00:03:03,760 Speaker 2: a huge day to day. But I think more than anything, 58 00:03:03,760 --> 00:03:06,160 Speaker 2: there's two other things that again, when we bring it 59 00:03:06,160 --> 00:03:09,040 Speaker 2: back to where we are right now. Number One, a 60 00:03:09,080 --> 00:03:12,240 Speaker 2: lot of people are dealing with their tax issues as 61 00:03:12,280 --> 00:03:15,399 Speaker 2: taxes are coming due in nine days, and you talked 62 00:03:15,440 --> 00:03:19,480 Speaker 2: about my Forbes article I specifically talks about the difference 63 00:03:19,800 --> 00:03:23,760 Speaker 2: between investment strategies between blue states and red states because 64 00:03:23,760 --> 00:03:26,520 Speaker 2: the Blue states have a state income tax. So that's 65 00:03:26,560 --> 00:03:29,520 Speaker 2: something that although people were worried about twenty twenty five, 66 00:03:30,080 --> 00:03:33,560 Speaker 2: you're already a third of the way through twenty twenty six. 67 00:03:33,600 --> 00:03:36,040 Speaker 2: We're getting pretty darn close. You need to start paying 68 00:03:36,080 --> 00:03:39,640 Speaker 2: attention to that. That's number one, number two earning season. 69 00:03:40,800 --> 00:03:43,640 Speaker 2: It's going to be starting on the tenth, you have 70 00:03:43,760 --> 00:03:45,920 Speaker 2: Bank in New York, and then I think on the 71 00:03:45,960 --> 00:03:49,520 Speaker 2: thirteenth you have JP Morgan Chase. Those are going to 72 00:03:49,560 --> 00:03:52,280 Speaker 2: be big, big numbers that are going to set the 73 00:03:52,320 --> 00:03:55,120 Speaker 2: stage for really what's going to happen throughout the rest 74 00:03:55,520 --> 00:03:59,400 Speaker 2: of this quarter, possibly going into the summertime. And again 75 00:03:59,440 --> 00:04:03,440 Speaker 2: I can have it enough. Everybody should get prepared. That 76 00:04:03,600 --> 00:04:05,600 Speaker 2: I think is going to be good, bad, and ugly. 77 00:04:05,960 --> 00:04:08,640 Speaker 2: There will be some companies that just flatly miss and 78 00:04:08,680 --> 00:04:11,280 Speaker 2: I think what everybody has got to be thinking about 79 00:04:11,680 --> 00:04:15,240 Speaker 2: is are they prepared to dump what's not working, and 80 00:04:15,280 --> 00:04:19,039 Speaker 2: that includes your pet stocks. Don't buy into the long term. 81 00:04:19,040 --> 00:04:21,039 Speaker 2: I'm in it for the long term. If these things 82 00:04:21,040 --> 00:04:23,320 Speaker 2: haven't performed in two years. You need to start think 83 00:04:23,320 --> 00:04:24,599 Speaker 2: about getting rid of some of these. 84 00:04:24,480 --> 00:04:25,840 Speaker 3: Things, all right. 85 00:04:25,880 --> 00:04:28,920 Speaker 1: Given the rise in gas and oil prices. We heard 86 00:04:28,960 --> 00:04:32,159 Speaker 1: from Jamie Diamond today, the head of JP Morgan Chase, 87 00:04:33,160 --> 00:04:36,760 Speaker 1: he is now seeing a potential skunk at the party 88 00:04:36,800 --> 00:04:39,320 Speaker 1: this year that could lead to a recession and bear 89 00:04:39,440 --> 00:04:44,400 Speaker 1: market for stocks, referring to the private credit situation which 90 00:04:44,400 --> 00:04:48,159 Speaker 1: seems to be in the background these days. What do 91 00:04:48,160 --> 00:04:50,200 Speaker 1: you see flies in the in the chardon they I 92 00:04:50,279 --> 00:04:52,599 Speaker 1: know you're a wine enthusiast, so I'm going to switch 93 00:04:52,640 --> 00:04:54,960 Speaker 1: to a wine analogy here rather than a skunk. But 94 00:04:55,400 --> 00:04:57,600 Speaker 1: what do you see head for this economy? Given the 95 00:04:57,800 --> 00:04:59,280 Speaker 1: cards on the table at the moment. 96 00:05:00,040 --> 00:05:02,719 Speaker 2: Frank, good congratulations have got me to choke in my water, 97 00:05:02,880 --> 00:05:05,560 Speaker 2: just as you always come up with these little pippy comments. 98 00:05:05,600 --> 00:05:07,880 Speaker 2: I love it. Okay, here's the thing, and I get 99 00:05:07,920 --> 00:05:10,359 Speaker 2: asked a lot about the differences between this and what 100 00:05:10,560 --> 00:05:13,719 Speaker 2: happened in two thousand and seven, eight and nine with 101 00:05:13,839 --> 00:05:17,800 Speaker 2: mortgage backed securities. Number one. I would be a lot 102 00:05:17,880 --> 00:05:22,280 Speaker 2: more concerned about the private debt situation if it was 103 00:05:22,320 --> 00:05:26,320 Speaker 2: that the overall corporate bond market and the overall preferred 104 00:05:26,360 --> 00:05:32,200 Speaker 2: stock market were falling apart. They're not publicly traded companies 105 00:05:32,200 --> 00:05:36,080 Speaker 2: that issue corporate debt. I look at the Dow Jones 106 00:05:36,160 --> 00:05:40,479 Speaker 2: corporate bond average, it's flat on the year. I very 107 00:05:40,520 --> 00:05:43,880 Speaker 2: closely tracked referred shares. I have my own perverse stock index. 108 00:05:44,160 --> 00:05:47,920 Speaker 2: It's also very stable this year. So yes, it's going 109 00:05:48,000 --> 00:05:51,720 Speaker 2: to hit people who have been convinced by their advisors 110 00:05:51,760 --> 00:05:54,000 Speaker 2: to go into these I love the term the alts. 111 00:05:54,000 --> 00:05:57,200 Speaker 2: Wall Street loves to come up with little, fun, little phrases, 112 00:05:57,440 --> 00:05:59,320 Speaker 2: and there were a lot of people who jumped into 113 00:05:59,400 --> 00:06:02,800 Speaker 2: this stuff. And there are going to be liquidity issues 114 00:06:02,839 --> 00:06:06,600 Speaker 2: with these fixed income notes. But I don't personally, I 115 00:06:06,640 --> 00:06:09,920 Speaker 2: don't think it's enough. It's not a big enough market 116 00:06:10,120 --> 00:06:13,320 Speaker 2: to tank everything as it was fifteen years ago. We're 117 00:06:13,360 --> 00:06:15,320 Speaker 2: just we're dealing with a very different animal. 118 00:06:15,920 --> 00:06:18,160 Speaker 1: We did to get the jobs report that came out 119 00:06:18,360 --> 00:06:21,400 Speaker 1: on Friday, Good Friday, when the market was closed ahead 120 00:06:21,400 --> 00:06:25,400 Speaker 1: of the three day holiday weekend. Based on that and 121 00:06:26,080 --> 00:06:29,400 Speaker 1: now inflation concerns, given what's happening with the gas and 122 00:06:29,400 --> 00:06:31,800 Speaker 1: oil price is, what do you think the Fed's next 123 00:06:31,839 --> 00:06:33,680 Speaker 1: move will be and what do you see ahead for 124 00:06:33,720 --> 00:06:34,599 Speaker 1: this economy? 125 00:06:35,800 --> 00:06:37,960 Speaker 2: You know, it's funny, Frank, because you know, all through 126 00:06:37,960 --> 00:06:39,800 Speaker 2: the weekend I ran into people and we were talking 127 00:06:39,839 --> 00:06:42,560 Speaker 2: about because like the jobs numbers were really good. I mean, 128 00:06:42,839 --> 00:06:46,520 Speaker 2: she had shocked everybody. I think also too, as I've 129 00:06:46,520 --> 00:06:50,200 Speaker 2: been trying to tell everyone, Look, don't forget those government 130 00:06:50,240 --> 00:06:56,120 Speaker 2: shutdowns caused real problems on getting economic data from you 131 00:06:56,240 --> 00:06:58,680 Speaker 2: name the government agency, you just couldn't get it. They're 132 00:06:58,800 --> 00:07:02,799 Speaker 2: finally catching up, so now that the data has more 133 00:07:03,320 --> 00:07:05,600 Speaker 2: relevance that it did a month or two months ago. 134 00:07:06,640 --> 00:07:10,280 Speaker 2: But I do think number one, we're having a change 135 00:07:10,280 --> 00:07:11,960 Speaker 2: at the FED. We're more than likely going to have 136 00:07:11,960 --> 00:07:14,600 Speaker 2: a change at the FED in May. I don't think 137 00:07:14,600 --> 00:07:17,160 Speaker 2: there's going to be any big swings in FED policy 138 00:07:17,600 --> 00:07:22,360 Speaker 2: between now and then. I think that the mortgage market also, 139 00:07:22,400 --> 00:07:25,880 Speaker 2: I'm talking to realtors, especially here. You know, I now 140 00:07:25,920 --> 00:07:28,640 Speaker 2: reside in Las Vegas, and you know, they're looking at 141 00:07:28,640 --> 00:07:32,080 Speaker 2: the spring season and saying it's good. So the mortgage 142 00:07:32,360 --> 00:07:36,520 Speaker 2: levels don't seem to be the problem anymore, and banks 143 00:07:36,520 --> 00:07:40,080 Speaker 2: seem to be more willing to work with people on 144 00:07:40,240 --> 00:07:43,280 Speaker 2: getting mortgages. There's just it's much more let's get a 145 00:07:43,280 --> 00:07:47,240 Speaker 2: deal done versus no, let's not do anything right now, 146 00:07:47,320 --> 00:07:50,040 Speaker 2: Let's wait and see. So all in all, Frank, getting 147 00:07:50,040 --> 00:07:52,400 Speaker 2: back to your original question, I just don't think rates 148 00:07:52,400 --> 00:07:54,480 Speaker 2: are going to do very much for the first half 149 00:07:54,480 --> 00:07:57,880 Speaker 2: of this year, and I think as corporate earnings come out, 150 00:07:58,200 --> 00:08:00,600 Speaker 2: we'll see what the companies have to say about that, 151 00:08:00,960 --> 00:08:02,840 Speaker 2: especially the financials. 152 00:08:03,000 --> 00:08:06,320 Speaker 1: All right, we see Amazon announcing a big deal today, 153 00:08:06,320 --> 00:08:10,000 Speaker 1: Amazon the US Postal Service reaching a new package handling agreement, 154 00:08:10,040 --> 00:08:14,160 Speaker 1: according to people close to the discussions, after Amazon threatened 155 00:08:14,160 --> 00:08:16,560 Speaker 1: to drastically cut back in the number of packages it 156 00:08:16,600 --> 00:08:21,400 Speaker 1: sends throughout the US Postal Service. US Postal Service and 157 00:08:21,720 --> 00:08:24,840 Speaker 1: Amazon that worked close to together. Amazon sock move higher 158 00:08:24,880 --> 00:08:27,680 Speaker 1: today by more than three dollars and at two twelve 159 00:08:28,000 --> 00:08:31,600 Speaker 1: seventy nine. Of course, Amazon the big dog in e commerce. 160 00:08:32,679 --> 00:08:33,040 Speaker 4: So far. 161 00:08:33,320 --> 00:08:36,240 Speaker 1: The retailers which you track, have been holding up pretty 162 00:08:36,280 --> 00:08:39,640 Speaker 1: well these days, and pso is consumer confidence. Surprisingly, even 163 00:08:39,679 --> 00:08:42,160 Speaker 1: though we've seen the spike in gas prices, what do 164 00:08:42,160 --> 00:08:45,400 Speaker 1: you see a head for the consumer and for the retailers. 165 00:08:44,880 --> 00:08:47,320 Speaker 2: Here, You know, Frank, it's so funny, and you know, 166 00:08:47,320 --> 00:08:49,360 Speaker 2: I've been talking about the retailers for a while because 167 00:08:49,360 --> 00:08:53,160 Speaker 2: it's actually been one of those real positive signs that 168 00:08:53,320 --> 00:08:56,920 Speaker 2: maybe that whatever softness had been in the economy this week, 169 00:08:57,559 --> 00:08:59,720 Speaker 2: I mean, is just astounding to me when I look 170 00:08:59,760 --> 00:09:03,280 Speaker 2: at now Now. Amazon has had other issues, mainly because 171 00:09:03,320 --> 00:09:07,200 Speaker 2: they're associated with the quote unquote mag seven. I think 172 00:09:07,240 --> 00:09:09,480 Speaker 2: you live and die by the sword when you get grouped. 173 00:09:09,840 --> 00:09:15,679 Speaker 2: But looking at TJX, Walmart, even some of the automotive 174 00:09:15,960 --> 00:09:20,600 Speaker 2: retailers like AutoZone and O'Reilly, they're doing better than the 175 00:09:20,720 --> 00:09:23,559 Speaker 2: S and P, the Dow and the Nasdacre and they 176 00:09:23,720 --> 00:09:26,480 Speaker 2: are they're coming off the fact they had very strong 177 00:09:26,600 --> 00:09:31,000 Speaker 2: years last year. So I think retailers are generally telling 178 00:09:31,040 --> 00:09:33,440 Speaker 2: me that we're going to be just fine, that the 179 00:09:33,480 --> 00:09:35,959 Speaker 2: consumers are out spending money, and now that we had 180 00:09:36,000 --> 00:09:40,760 Speaker 2: those jobs number last Friday, we know that, hey, people 181 00:09:40,760 --> 00:09:43,439 Speaker 2: are working. They're not worried about their jobs. All this 182 00:09:43,600 --> 00:09:46,320 Speaker 2: talk about AI is going to take my job away 183 00:09:46,360 --> 00:09:49,280 Speaker 2: next year, that's just not showing up now. It doesn't 184 00:09:49,320 --> 00:09:51,560 Speaker 2: mean that AI is not going to be having an 185 00:09:51,600 --> 00:09:55,000 Speaker 2: influence on the workforce, but I find these things don't 186 00:09:55,040 --> 00:09:58,960 Speaker 2: happen overnight. Companies take time to test things properly, and 187 00:09:59,040 --> 00:10:02,600 Speaker 2: I think most people and also one other quick thing, Frank, 188 00:10:03,040 --> 00:10:05,520 Speaker 2: I do think we have to. I mean, not to 189 00:10:05,520 --> 00:10:09,040 Speaker 2: get political, but you've got to think about things blues 190 00:10:09,040 --> 00:10:12,679 Speaker 2: state wise and red state wise. And the simple fact 191 00:10:12,679 --> 00:10:16,000 Speaker 2: of the matter is, Blues states, the cost of hiring 192 00:10:16,040 --> 00:10:19,160 Speaker 2: people is higher than it is in a red state 193 00:10:19,200 --> 00:10:21,520 Speaker 2: when you start adding it all in, and I think again, 194 00:10:21,559 --> 00:10:24,480 Speaker 2: as you know, especially in southern California, there have been 195 00:10:24,520 --> 00:10:28,320 Speaker 2: a lot of retailers that have closed their stores because 196 00:10:28,320 --> 00:10:31,080 Speaker 2: of the cost of labor. Again, when you look at 197 00:10:31,080 --> 00:10:33,880 Speaker 2: the aggregate, it's just not the case. They're doing fine 198 00:10:33,960 --> 00:10:35,440 Speaker 2: nationwide and. 199 00:10:35,320 --> 00:10:38,520 Speaker 1: They're alive with Tom Brank money manager, Ken Winings Investments, 200 00:10:38,600 --> 00:10:41,079 Speaker 1: dot Com and Ken. It's going to be a nervous 201 00:10:41,280 --> 00:10:44,079 Speaker 1: a couple of days in Iran. A lot could happen 202 00:10:44,120 --> 00:10:47,760 Speaker 1: here from the military standpoint, based on what President Trump 203 00:10:48,000 --> 00:10:50,920 Speaker 1: had to say today and depending on what the Iranians 204 00:10:50,960 --> 00:10:54,600 Speaker 1: do at this point, whether they will in fact agree 205 00:10:54,640 --> 00:10:59,240 Speaker 1: to the terms of essentially an unconditional surrender on many 206 00:10:59,320 --> 00:11:03,320 Speaker 1: levels here, What are the various scenarios here for the 207 00:11:03,320 --> 00:11:06,320 Speaker 1: market that could happen in the next twenty four hours 208 00:11:06,400 --> 00:11:08,680 Speaker 1: or so, you know, I mean. 209 00:11:09,000 --> 00:11:10,960 Speaker 2: You have to be very careful when you talk about this, 210 00:11:11,080 --> 00:11:13,960 Speaker 2: because I am a veteran. We certainly all know people 211 00:11:13,960 --> 00:11:16,640 Speaker 2: who have served in active duties, and many of them 212 00:11:16,640 --> 00:11:20,280 Speaker 2: are being deplayed right now. So when I make these comments, 213 00:11:20,800 --> 00:11:23,720 Speaker 2: I'm just looking at it economically. When you go back 214 00:11:23,720 --> 00:11:27,680 Speaker 2: and look at it, historically, military engagements are positives for 215 00:11:27,800 --> 00:11:30,080 Speaker 2: the stock market. I know for a lot of people 216 00:11:30,320 --> 00:11:33,160 Speaker 2: it's hard to reconcile those two without those are the facts. 217 00:11:33,480 --> 00:11:36,880 Speaker 2: And I think that it's quite interesting that almost all 218 00:11:37,040 --> 00:11:42,720 Speaker 2: the missile related and drone related companies that I track 219 00:11:43,240 --> 00:11:46,480 Speaker 2: all had a huge day to day. So whether we're 220 00:11:46,520 --> 00:11:53,240 Speaker 2: trying to build the rational around restockpiling, our arsenal coming up, 221 00:11:53,280 --> 00:11:55,120 Speaker 2: you know, having to beef things up to get ready 222 00:11:55,120 --> 00:12:00,560 Speaker 2: for more, you know, a more expanded campaign, whatever it 223 00:12:00,559 --> 00:12:03,200 Speaker 2: may be. But as I've been saying for quite a while, 224 00:12:03,600 --> 00:12:06,440 Speaker 2: and I still cannot believe how many people have not 225 00:12:06,720 --> 00:12:09,880 Speaker 2: really thought about buying the defense socks for whatever reason, 226 00:12:10,240 --> 00:12:13,080 Speaker 2: it's a huge mistake. It's a big group. They're going 227 00:12:13,160 --> 00:12:15,880 Speaker 2: to be a dominant theme throughout the year, and they're 228 00:12:15,920 --> 00:12:17,720 Speaker 2: just great companies. I think their earnings are going to 229 00:12:17,720 --> 00:12:21,160 Speaker 2: be on absolute terror in the next three weeks. 230 00:12:21,559 --> 00:12:25,400 Speaker 1: In addition to defense names, of course, space related names 231 00:12:25,440 --> 00:12:28,920 Speaker 1: aerospace certainly has been experiencing a renaissance here in the 232 00:12:29,000 --> 00:12:33,560 Speaker 1: southern California now with the Artemis two mission underway, propelling 233 00:12:33,760 --> 00:12:37,080 Speaker 1: human beings the farthest point away from Earth that's ever 234 00:12:37,120 --> 00:12:40,240 Speaker 1: been seen. I know you're also a space officionado, but 235 00:12:40,920 --> 00:12:43,160 Speaker 1: I know there are a lot of space related names 236 00:12:43,880 --> 00:12:47,240 Speaker 1: getting attention at including SpaceX with it's expected to IPO, 237 00:12:47,320 --> 00:12:49,760 Speaker 1: and we're waiting some news on that one. What are 238 00:12:49,760 --> 00:12:53,720 Speaker 1: your thoughts about the aerospace sector here, specifically the space 239 00:12:53,760 --> 00:12:54,439 Speaker 1: related names. 240 00:12:55,480 --> 00:12:59,280 Speaker 2: You know, Frank, it's funny that because remember the Space Force, 241 00:12:59,520 --> 00:13:03,280 Speaker 2: which is the fifth branch of our defense, there is 242 00:13:03,320 --> 00:13:05,439 Speaker 2: a very very I mean a lot of those technologies 243 00:13:05,480 --> 00:13:09,200 Speaker 2: that are on Artemis two are the same technologies that 244 00:13:09,240 --> 00:13:12,280 Speaker 2: our military is using. So again, it's almost like a 245 00:13:12,320 --> 00:13:14,760 Speaker 2: throwback to what we saw back in the sixties and 246 00:13:14,800 --> 00:13:18,040 Speaker 2: seventies during the Apollo era. Is the same thing. Those 247 00:13:18,080 --> 00:13:23,840 Speaker 2: technologies transport themselves easily in either direction. So again, you know, 248 00:13:24,400 --> 00:13:27,520 Speaker 2: whether you are looking at it as an advancement in 249 00:13:27,679 --> 00:13:31,840 Speaker 2: what we're doing in space exploration, you're looking at it 250 00:13:31,880 --> 00:13:35,839 Speaker 2: as in increased capabilities with the Space Force and how 251 00:13:35,880 --> 00:13:38,520 Speaker 2: that's going to be used going forward. However you look 252 00:13:38,559 --> 00:13:42,200 Speaker 2: at it. I just think it's absolutely crazy not to 253 00:13:42,520 --> 00:13:45,360 Speaker 2: and I know a lot of advisors that just either 254 00:13:45,360 --> 00:13:48,360 Speaker 2: don't understand it, they're just so wedded to the MAG 255 00:13:48,480 --> 00:13:51,520 Speaker 2: seven theory. This is not the mag seven year. I 256 00:13:51,520 --> 00:13:55,280 Speaker 2: think AI will take a back seat to defense and 257 00:13:55,400 --> 00:13:58,440 Speaker 2: aerospace throughout the rest of this year. I'm probably putting 258 00:13:58,440 --> 00:14:01,040 Speaker 2: my neck out by saying that, but it's just by 259 00:14:01,080 --> 00:14:04,920 Speaker 2: the way the stocks are acting that the industrials are 260 00:14:04,960 --> 00:14:07,520 Speaker 2: on a tear, especially in these other areas. 261 00:14:07,960 --> 00:14:11,520 Speaker 1: Very interesting member. Back in the space age, everybody's talking 262 00:14:11,559 --> 00:14:16,719 Speaker 1: about that. Digital clocks came out of it, digital calculators 263 00:14:16,880 --> 00:14:20,560 Speaker 1: and all that back in those days, and now certainly 264 00:14:21,080 --> 00:14:24,640 Speaker 1: AI related stuff I guess is coming out big as 265 00:14:24,680 --> 00:14:26,840 Speaker 1: a result of all the space activity. 266 00:14:27,920 --> 00:14:30,280 Speaker 2: Well, you know, here's the thing, and let's just throw it. 267 00:14:30,880 --> 00:14:32,880 Speaker 2: We're going to talk about crypto here in one moment, Frank, 268 00:14:33,160 --> 00:14:35,880 Speaker 2: But I think it's AI and crypto are in some 269 00:14:35,920 --> 00:14:39,240 Speaker 2: ways very strangely related. Right now. What do I mean 270 00:14:39,280 --> 00:14:42,200 Speaker 2: by that is this Number one, it's all to talk 271 00:14:42,240 --> 00:14:47,720 Speaker 2: about high power usage. Whether you're a crypto minor or 272 00:14:47,760 --> 00:14:50,960 Speaker 2: you're an AI data center, you have the same issue. 273 00:14:51,040 --> 00:14:55,400 Speaker 2: You're getting blowback from almost across the country about it's 274 00:14:55,480 --> 00:14:58,040 Speaker 2: kind of like, don't build it in my backyard. I 275 00:14:58,080 --> 00:15:00,760 Speaker 2: don't want brownouts, and you're hearing that from a lot 276 00:15:00,760 --> 00:15:04,280 Speaker 2: of different places. But my point is simply this. I 277 00:15:04,600 --> 00:15:07,240 Speaker 2: think that that there's we're now entering the phase with 278 00:15:07,360 --> 00:15:09,920 Speaker 2: both of these that is going to be very dependent 279 00:15:10,000 --> 00:15:13,840 Speaker 2: upon government. And I say government, I mean federal, state, 280 00:15:14,040 --> 00:15:19,160 Speaker 2: and local acceptance in the form of positive regulations for 281 00:15:19,240 --> 00:15:22,000 Speaker 2: these too. Advance going forward by all means you don't 282 00:15:22,080 --> 00:15:25,800 Speaker 2: stop the progress being made in these areas. However, you 283 00:15:25,800 --> 00:15:28,240 Speaker 2: can slow it down. And I think that that was 284 00:15:28,240 --> 00:15:30,840 Speaker 2: the big hiccup that crypto had last year, is when 285 00:15:30,840 --> 00:15:32,840 Speaker 2: they got when they had less than a warm reception 286 00:15:33,440 --> 00:15:35,800 Speaker 2: at the US Senate, when you know, they all showed 287 00:15:35,840 --> 00:15:37,440 Speaker 2: up thinking they were going to ink a deal and 288 00:15:37,480 --> 00:15:39,920 Speaker 2: that's not what happened. So that will play out all 289 00:15:39,960 --> 00:15:42,080 Speaker 2: through the rest of this year, which is another reason 290 00:15:42,120 --> 00:15:44,400 Speaker 2: why I think it's going to be very volatile for 291 00:15:44,440 --> 00:15:47,200 Speaker 2: both AI related stocks and anything crypto. 292 00:15:47,560 --> 00:15:51,080 Speaker 1: All right, let's talk about so called digital gold as 293 00:15:51,120 --> 00:15:53,840 Speaker 1: well as analog gold. Both have been bouncing around. I 294 00:15:53,880 --> 00:15:57,080 Speaker 1: see bitcoin right now harboring around sixty nine three hundred 295 00:15:57,160 --> 00:15:59,520 Speaker 1: or so. We see gold right now just below forty 296 00:15:59,560 --> 00:16:02,320 Speaker 1: seven high. What are your thoughts about the performance of 297 00:16:02,320 --> 00:16:04,200 Speaker 1: both of those today. 298 00:16:05,320 --> 00:16:08,080 Speaker 2: Well, you know, I felt for a while that especially 299 00:16:08,160 --> 00:16:11,320 Speaker 2: bitcoin had really bottomed out. I think that a lot 300 00:16:11,360 --> 00:16:13,040 Speaker 2: of the people that were trying to punish it, that 301 00:16:13,080 --> 00:16:16,880 Speaker 2: were taking short positions, they've largely gone flat, meaning that 302 00:16:16,920 --> 00:16:20,840 Speaker 2: they're no longer doing that. But again, before you think 303 00:16:20,880 --> 00:16:24,000 Speaker 2: it's going to just vault back and take off, I 304 00:16:24,240 --> 00:16:26,440 Speaker 2: just don't think that's quite going to happen. And you 305 00:16:26,440 --> 00:16:29,360 Speaker 2: can make the same case for precious metals, gold and 306 00:16:29,400 --> 00:16:32,360 Speaker 2: silver and platinum particularly. I mean, you had such a 307 00:16:32,360 --> 00:16:35,760 Speaker 2: blow off, and there's a lot of things happen geopolitically, 308 00:16:35,880 --> 00:16:39,200 Speaker 2: especially with gold and silver. I mean, it's my understanding 309 00:16:39,200 --> 00:16:42,440 Speaker 2: that the Arab States, the Golf States, they're having to 310 00:16:42,480 --> 00:16:45,080 Speaker 2: liquidate a lot of their gold reserves to pay bills 311 00:16:45,080 --> 00:16:47,560 Speaker 2: because they can't ship oil and natural gas right now. 312 00:16:47,800 --> 00:16:50,120 Speaker 2: So you have things like that in play. Plus, I 313 00:16:50,120 --> 00:16:52,400 Speaker 2: think that a lot of the central banks around the 314 00:16:52,400 --> 00:16:57,240 Speaker 2: world that were just absolutely stockpiling the precious metals and 315 00:16:57,280 --> 00:17:00,480 Speaker 2: they were dabbling with the digital gold as you call it, 316 00:17:00,760 --> 00:17:02,720 Speaker 2: I think they've just said, hey, you know what we're 317 00:17:02,720 --> 00:17:05,000 Speaker 2: going to hold off right now. You know, the dollars stable, 318 00:17:05,040 --> 00:17:08,320 Speaker 2: the dollars moving back up. I'm fine with my treasury bonds. 319 00:17:08,520 --> 00:17:10,879 Speaker 2: We're just gonna let it rest for a while. So 320 00:17:11,119 --> 00:17:14,840 Speaker 2: I think that that extreme demand that was there six 321 00:17:14,880 --> 00:17:18,000 Speaker 2: months ago doesn't mean it's not that there's still not buyers. 322 00:17:18,200 --> 00:17:20,520 Speaker 2: But I don't think it was what it was before, all. 323 00:17:20,520 --> 00:17:22,000 Speaker 1: Right, Ken, before we let you off the hook. Gang 324 00:17:22,040 --> 00:17:24,440 Speaker 1: specific places where you are putting money now and or 325 00:17:24,720 --> 00:17:25,720 Speaker 1: taking off the table. 326 00:17:26,840 --> 00:17:28,800 Speaker 2: Well, Frank, I mean, I hate to be, like I said, 327 00:17:28,800 --> 00:17:31,399 Speaker 2: an old broken record, but I think consistency is important 328 00:17:31,440 --> 00:17:34,119 Speaker 2: when you have guests on your show. I'm just looking 329 00:17:34,160 --> 00:17:37,240 Speaker 2: at so many of these really amazing defense names. I'll 330 00:17:37,240 --> 00:17:39,680 Speaker 2: throw a couple out there now and let me just 331 00:17:39,720 --> 00:17:42,119 Speaker 2: solo say this very quickly. I do not think this 332 00:17:42,200 --> 00:17:44,520 Speaker 2: is going to be an ETF type of year. You 333 00:17:44,640 --> 00:17:46,560 Speaker 2: have got to dust off the playbook and be a 334 00:17:46,560 --> 00:17:48,720 Speaker 2: stock picker. That's where you're going to make your money 335 00:17:48,720 --> 00:17:51,280 Speaker 2: this year. So look at the companies like Curtis Wright, 336 00:17:51,800 --> 00:17:54,800 Speaker 2: Holmett and you know what, although it's a bucking bronco, 337 00:17:55,200 --> 00:18:00,200 Speaker 2: go look at crack Tos Defense CTOs. It is the 338 00:18:00,280 --> 00:18:03,600 Speaker 2: Drone is a pure drone play, and it does bounce 339 00:18:03,640 --> 00:18:06,160 Speaker 2: around a lot, but the stock's been on a tear. 340 00:18:06,560 --> 00:18:08,920 Speaker 2: I think defence is where you want to go last, 341 00:18:08,920 --> 00:18:11,320 Speaker 2: but not least. Although I don't think energy is dead. 342 00:18:11,640 --> 00:18:13,680 Speaker 2: You want to be very careful. The energies could be 343 00:18:13,760 --> 00:18:16,040 Speaker 2: very volatile because they've had a heck of a run up. 344 00:18:16,240 --> 00:18:17,960 Speaker 2: But some of the names that I think are going 345 00:18:18,000 --> 00:18:20,840 Speaker 2: to have real strong earnings and they'll be fine, are 346 00:18:20,960 --> 00:18:25,160 Speaker 2: more domestic related. I still like some of the transportation 347 00:18:25,320 --> 00:18:30,720 Speaker 2: stocks like Williams wmb and and Taro Midstream. These are 348 00:18:30,760 --> 00:18:34,560 Speaker 2: transportation companies that are important for the US economy. Look 349 00:18:34,600 --> 00:18:36,720 Speaker 2: for the names that most people are not looking at. 350 00:18:36,880 --> 00:18:38,240 Speaker 2: They usually do pretty well. 351 00:18:38,480 --> 00:18:40,680 Speaker 1: Ken, thank you very much for taking the call here 352 00:18:40,720 --> 00:18:42,440 Speaker 1: to kick off the new week. That is top rank 353 00:18:42,480 --> 00:18:45,840 Speaker 1: money manager, Ken Winen's President and chief investment Officer at 354 00:18:45,880 --> 00:18:49,479 Speaker 1: Winens Investments at Winensinvestments dot com. Ken, thank you very 355 00:18:49,560 --> 00:18:51,320 Speaker 1: much and look forward to talking to you again very soon. 356 00:18:52,160 --> 00:18:53,280 Speaker 2: Thank you. Frank tick here. 357 00:18:53,320 --> 00:18:56,560 Speaker 1: Seven ninety KBC. My attack of money continues here seven 358 00:18:56,680 --> 00:18:59,239 Speaker 1: ninety KABC. A positive start of the new week on 359 00:18:59,280 --> 00:19:01,960 Speaker 1: Wall Street, with the now closing higher by one hundred 360 00:19:02,000 --> 00:19:05,080 Speaker 1: and sixty five points at forty six thousand and six seventy, 361 00:19:05,200 --> 00:19:08,040 Speaker 1: the SMP five hundred and twenty nine at sixty six 362 00:19:08,160 --> 00:19:10,359 Speaker 1: hundred and twelve, the NASAC of one point seventeen at 363 00:19:10,359 --> 00:19:12,840 Speaker 1: twenty one thousand, nine ninety six, the ELD, and the 364 00:19:12,920 --> 00:19:16,200 Speaker 1: tenure note now a four point three four percent. Coming 365 00:19:16,240 --> 00:19:19,440 Speaker 1: off the three day holiday weekend. The market was closed 366 00:19:19,440 --> 00:19:22,679 Speaker 1: on Friday for Good Friday. We see the price of 367 00:19:22,680 --> 00:19:25,320 Speaker 1: gold today hovering just below forty seven hundred an ounce 368 00:19:25,359 --> 00:19:28,199 Speaker 1: at forty six eighty six an ounce, up nearly two 369 00:19:28,280 --> 00:19:30,760 Speaker 1: dollars here at the moment, Silver hovering it around seventy 370 00:19:30,800 --> 00:19:33,879 Speaker 1: three dollars an ounce seventy three to eleven at the moment. 371 00:19:34,720 --> 00:19:37,040 Speaker 1: Taking a look at the cryptos now, we see a 372 00:19:37,119 --> 00:19:40,520 Speaker 1: bitcoin harving it around sixty nine thousand, three point forty 373 00:19:40,560 --> 00:19:44,040 Speaker 1: one eighth ethereum at twenty one hundred thirty doze at 374 00:19:44,080 --> 00:19:46,919 Speaker 1: the moment at nine cents. Shares of Amazon moving up 375 00:19:46,960 --> 00:19:49,840 Speaker 1: more than three dollars at CHEW twelve and change. Amazon 376 00:19:50,240 --> 00:19:52,560 Speaker 1: dot Com and the US Postal Service reaching a new 377 00:19:52,600 --> 00:19:57,359 Speaker 1: package handling deal, according to The Wall Street Journal. Instead 378 00:19:57,359 --> 00:19:59,680 Speaker 1: of reducing the number of packages Amazon ships through the 379 00:19:59,720 --> 00:20:03,040 Speaker 1: post service by two thirds. By this fall is outlined 380 00:20:03,080 --> 00:20:05,639 Speaker 1: in an earlier proposal. The two sides now have a 381 00:20:05,680 --> 00:20:08,960 Speaker 1: deal that will result in a twenty percent reduction according 382 00:20:09,000 --> 00:20:12,680 Speaker 1: to this deal. On seven ninety KBC, my attack of 383 00:20:12,720 --> 00:20:16,200 Speaker 1: money continues. On seven ninety KBC, the Iran War entering 384 00:20:16,240 --> 00:20:19,160 Speaker 1: at sixth week. It's going to be a nervous night 385 00:20:19,520 --> 00:20:22,639 Speaker 1: in Iran, with Iran rejection and proposal from the US 386 00:20:22,680 --> 00:20:26,120 Speaker 1: and regional mediators to end the war for forty five 387 00:20:26,200 --> 00:20:29,320 Speaker 1: days in exchange for opening the Strait of Hormuze, which 388 00:20:29,400 --> 00:20:33,960 Speaker 1: remains the choke point for the world's oil supply at 389 00:20:33,960 --> 00:20:37,719 Speaker 1: this point. We're also watching the very latest headlines and 390 00:20:37,760 --> 00:20:41,080 Speaker 1: the dramatic account of the rescue of two US airmen 391 00:20:41,160 --> 00:20:45,159 Speaker 1: from Iran. Israel has killed the Islamic Guards intel chief 392 00:20:45,200 --> 00:20:49,560 Speaker 1: and bombs the largest Iranian petrochemical plant. That headline coming 393 00:20:49,600 --> 00:20:54,000 Speaker 1: in this afternoon. Joining US Live now following all these developments. 394 00:20:54,080 --> 00:20:57,520 Speaker 1: Middle East expert Den Revive, former Network News correspondent, author 395 00:20:57,560 --> 00:21:01,600 Speaker 1: of books about the Israeli intelligence service, including Target Iran, Spies, 396 00:21:01,640 --> 00:21:04,960 Speaker 1: Against Armageddon and Every Spy of Prince. Also he's host 397 00:21:05,000 --> 00:21:08,160 Speaker 1: of The Mossad Files. Ben revieve. Thank you very much 398 00:21:08,400 --> 00:21:10,360 Speaker 1: for taking the call at this critical moment here. 399 00:21:12,000 --> 00:21:15,280 Speaker 4: Talk about critical moments, I mean, look at the clock, Frank, right, 400 00:21:15,320 --> 00:21:19,160 Speaker 4: we're coming toward five o'clock Los Angeles time, eight pm 401 00:21:19,240 --> 00:21:24,920 Speaker 4: in Washington. Tomorrow eight pm Washington time is President Trump's deadline. 402 00:21:25,040 --> 00:21:27,880 Speaker 4: Either Iran makes a deal that guarantees that the Strait 403 00:21:27,920 --> 00:21:31,280 Speaker 4: of Hormuz will be open and maybe he's demanding some 404 00:21:31,440 --> 00:21:34,760 Speaker 4: other parts of the agreement as well, or the US 405 00:21:34,800 --> 00:21:39,280 Speaker 4: in a four hour period, he says, will destroy the 406 00:21:39,440 --> 00:21:46,119 Speaker 4: key to Iran's wealth, including the petrochemical fields, including the 407 00:21:46,160 --> 00:21:50,159 Speaker 4: electricity system, including bridges. He has called that bombing Iran 408 00:21:50,280 --> 00:21:54,040 Speaker 4: back to the Stone Age. He certainly sounds serious. He 409 00:21:54,160 --> 00:21:57,840 Speaker 4: reaffirmed it today. He also did confer, however, that he 410 00:21:57,840 --> 00:22:03,200 Speaker 4: had given Iran eleven more leading to tomorrow, eleven more 411 00:22:03,280 --> 00:22:07,000 Speaker 4: days to negotiate and agree to something. And that seemed 412 00:22:07,000 --> 00:22:11,240 Speaker 4: pretty convincing, Frank, that there really are negotiations and maybe 413 00:22:11,440 --> 00:22:14,439 Speaker 4: maybe there'll be another extension before the deadline tomorrow. But 414 00:22:14,560 --> 00:22:17,200 Speaker 4: just think about it, the deadline is just over twenty 415 00:22:17,240 --> 00:22:18,160 Speaker 4: four hours away. 416 00:22:18,840 --> 00:22:21,880 Speaker 1: On Your Life Van Revive. Following the latest headlines coming 417 00:22:21,880 --> 00:22:24,560 Speaker 1: out of the Middle East, President Trump says reopening these 418 00:22:24,600 --> 00:22:28,040 Speaker 1: Trader hor moves is a priority. Or Iran that may be, 419 00:22:28,280 --> 00:22:31,760 Speaker 1: in his words, taken out entirely in a single night. 420 00:22:32,640 --> 00:22:37,119 Speaker 1: At this point, van revive based on your sources. How's 421 00:22:37,119 --> 00:22:40,480 Speaker 1: it looking for some sort of a deal or will 422 00:22:40,560 --> 00:22:42,360 Speaker 1: Irana be taken out tomorrow night? 423 00:22:43,440 --> 00:22:46,200 Speaker 4: Well, I would say the United States and its ally 424 00:22:46,280 --> 00:22:50,720 Speaker 4: Israel are prepared for either scenario. President Trump says it's 425 00:22:50,800 --> 00:22:53,080 Speaker 4: up to Iran at this point. Again, there could be 426 00:22:53,119 --> 00:22:57,480 Speaker 4: an extension, but at that deadline, I think if you 427 00:22:57,640 --> 00:23:02,320 Speaker 4: call Trump's bluff, He's going to act and Iran would 428 00:23:02,359 --> 00:23:05,960 Speaker 4: be heavily bombed, and it could be that their fanatical 429 00:23:06,040 --> 00:23:09,960 Speaker 4: leadership is willing to accept that. But Iran would instantly 430 00:23:10,000 --> 00:23:14,800 Speaker 4: become a poorer country, obviously an angry country. Maybe eventually 431 00:23:14,800 --> 00:23:17,280 Speaker 4: it would lead to the people of Iran rising up. 432 00:23:17,440 --> 00:23:19,560 Speaker 4: But again I have to say that both the US 433 00:23:19,560 --> 00:23:22,240 Speaker 4: and Israel are ready for either scenario. I feel that 434 00:23:22,440 --> 00:23:27,520 Speaker 4: Israel carrying out, for instance, more targeted assassinations of key 435 00:23:27,720 --> 00:23:32,080 Speaker 4: Iranian military and intelligence chiefs, that tells me that Israel 436 00:23:32,480 --> 00:23:36,479 Speaker 4: is concerned President Trump might call off the war this week, 437 00:23:36,800 --> 00:23:40,520 Speaker 4: so Israel wants to make some more achievements. Of course, 438 00:23:40,560 --> 00:23:43,359 Speaker 4: by way, President Trump has said Iran must never have 439 00:23:43,400 --> 00:23:46,120 Speaker 4: a nuclear bomb, So a key part of any agreement 440 00:23:46,160 --> 00:23:49,440 Speaker 4: to end the war would be that Iran hands over 441 00:23:49,520 --> 00:23:51,840 Speaker 4: control of any and enriched uranium. 442 00:23:51,880 --> 00:23:55,040 Speaker 1: It has the other big story, of course, so the 443 00:23:55,240 --> 00:23:58,760 Speaker 1: dramatic rescue of the two US airmen who were shot 444 00:23:58,800 --> 00:24:01,720 Speaker 1: down in that fighter plane over at Iran, and President 445 00:24:01,760 --> 00:24:07,520 Speaker 1: Trump and the US Sanctuary of War and others obviously 446 00:24:07,720 --> 00:24:10,800 Speaker 1: talking about that today. Did Israel have a hand in 447 00:24:10,800 --> 00:24:13,720 Speaker 1: that as well in support of this important operation. 448 00:24:14,760 --> 00:24:18,320 Speaker 4: Yeah, Israel's leadership says yes it did. And I was 449 00:24:18,359 --> 00:24:21,520 Speaker 4: hearing US officials saying that, yes, that's true, so that 450 00:24:21,600 --> 00:24:25,120 Speaker 4: Israel was a good ally lending some intelligence. Also, according 451 00:24:25,119 --> 00:24:28,520 Speaker 4: to some Israeli reports to the commando forces of the IDF, 452 00:24:28,920 --> 00:24:33,159 Speaker 4: Israel Defense Forces actually took part on the ground in 453 00:24:33,240 --> 00:24:35,320 Speaker 4: some way. But I think the US was able to 454 00:24:35,359 --> 00:24:40,840 Speaker 4: handle this very well. A combination of courageous personnel in 455 00:24:40,920 --> 00:24:45,720 Speaker 4: the Special Forces, of course, the US Air Force striking 456 00:24:45,800 --> 00:24:50,520 Speaker 4: any Iranians who would possibly be approaching the mis aviator, 457 00:24:50,800 --> 00:24:54,240 Speaker 4: and the CIA had a leading role that as details 458 00:24:54,320 --> 00:24:57,359 Speaker 4: are leaked out, it's fascinating that the CIA is a 459 00:24:57,359 --> 00:25:01,520 Speaker 4: big user of technology in low the aviator in part 460 00:25:01,560 --> 00:25:05,200 Speaker 4: with the signal device that the aviator was carrying. I mean, 461 00:25:05,200 --> 00:25:10,000 Speaker 4: that's an amazing story, and I know you've got Hollywood contacts, Frank, Someone's. 462 00:25:09,640 --> 00:25:11,480 Speaker 1: Going to make a movie out of this, no question 463 00:25:11,560 --> 00:25:15,080 Speaker 1: about that. In the meantime, as you mentioned, Israel continues 464 00:25:15,160 --> 00:25:18,879 Speaker 1: to go after the Iranian military leadership. You saw the 465 00:25:18,960 --> 00:25:21,240 Speaker 1: latest headline here, which apparently just came in a little 466 00:25:21,280 --> 00:25:24,480 Speaker 1: while ago. Israel has killed the Islamic Guards intel chief 467 00:25:24,560 --> 00:25:29,800 Speaker 1: and head of the Kuds Forces clandestine unit. Any new 468 00:25:29,840 --> 00:25:32,600 Speaker 1: information about that and anything else that's been going. 469 00:25:32,480 --> 00:25:35,240 Speaker 4: On, right, the Kuds Force, which by the way, is 470 00:25:35,280 --> 00:25:38,959 Speaker 4: an Arabic word for the Holy referring to Jerusalem. In 471 00:25:39,000 --> 00:25:43,680 Speaker 4: other words, that Iranian general was in charge of exporting 472 00:25:43,800 --> 00:25:48,800 Speaker 4: violence right, targeting Israeli and Jewish targets around the world, 473 00:25:49,040 --> 00:25:51,240 Speaker 4: and so Israel really wanted to get him to send 474 00:25:51,280 --> 00:25:54,640 Speaker 4: a message. Now again, I feel that Israel is taking 475 00:25:55,359 --> 00:25:58,920 Speaker 4: the proper advantage of this alliance with the US. Here's 476 00:25:58,960 --> 00:26:01,240 Speaker 4: the Israeli point of view on this. President Trump is 477 00:26:01,359 --> 00:26:04,600 Speaker 4: not in favor of forever wars. He's not going to 478 00:26:04,680 --> 00:26:08,000 Speaker 4: keep the aircraft carrier groups and all those US troops 479 00:26:08,000 --> 00:26:10,840 Speaker 4: and airplanes in the Middle East forever. So it's an 480 00:26:10,840 --> 00:26:14,000 Speaker 4: opportunity for Israel to damage Iran. But what will the 481 00:26:14,040 --> 00:26:18,840 Speaker 4: outcome be. Will the Iranian economy be destroyed? Will there 482 00:26:18,920 --> 00:26:22,520 Speaker 4: be a major blow to the oil and energy industry, 483 00:26:22,760 --> 00:26:25,240 Speaker 4: which will have all of us all around the world 484 00:26:25,280 --> 00:26:28,119 Speaker 4: paying more for energy That could hurt Will there be 485 00:26:28,160 --> 00:26:31,719 Speaker 4: an uprising that might overthrow the Islamic regime in Iran? 486 00:26:32,040 --> 00:26:33,840 Speaker 4: I mean not in the next couple of weeks, but 487 00:26:33,920 --> 00:26:38,160 Speaker 4: maybe as events take place and Iran becomes a poorer country, 488 00:26:38,560 --> 00:26:41,240 Speaker 4: there could be an uprising. A lot of question marks here, 489 00:26:41,280 --> 00:26:44,679 Speaker 4: and one last thing that Israelis are increasingly talking about. 490 00:26:44,920 --> 00:26:48,360 Speaker 4: They think that now that the Arab countries, including Saudi 491 00:26:48,359 --> 00:26:53,760 Speaker 4: Arabia and others, are angry at Iran right for repeatedly 492 00:26:53,960 --> 00:26:58,360 Speaker 4: striking not just US bases but energy facilities in Qatar 493 00:26:58,520 --> 00:27:01,879 Speaker 4: and Saudi Arabia and bar that those countries will become 494 00:27:02,240 --> 00:27:06,159 Speaker 4: closer with Israel and by that token, closer with the West. 495 00:27:06,440 --> 00:27:09,120 Speaker 4: So a lot of question marks. It could hurt us 496 00:27:09,119 --> 00:27:12,520 Speaker 4: in terms of energy costs. But if Iran becomes a 497 00:27:12,800 --> 00:27:15,960 Speaker 4: much weaker player in the Middle East, I think that's 498 00:27:15,960 --> 00:27:17,280 Speaker 4: good for Western interests. 499 00:27:18,240 --> 00:27:22,800 Speaker 1: Is Israel still under attack as passover continues. I understand 500 00:27:23,080 --> 00:27:25,840 Speaker 1: some schools are being reopened there. Now, what's the latest 501 00:27:26,119 --> 00:27:27,680 Speaker 1: on what's happening in Israel at the moment. 502 00:27:28,359 --> 00:27:30,760 Speaker 4: Yeah, the Israelis are taking a chance, giving the green 503 00:27:30,840 --> 00:27:34,800 Speaker 4: light to more commercial airliners to fly out of Bengurian 504 00:27:34,840 --> 00:27:38,280 Speaker 4: Airport near Tel Aviv, and some school reopenings, you know, 505 00:27:38,280 --> 00:27:40,840 Speaker 4: but then missiles come in and so there's a really 506 00:27:40,880 --> 00:27:43,720 Speaker 4: good system, you know of winnings and air raids, sirens 507 00:27:43,720 --> 00:27:47,640 Speaker 4: and Israelis having shelters, you know, but not perfect. When 508 00:27:47,960 --> 00:27:51,399 Speaker 4: an apartment building in Haifa, the important port city, was 509 00:27:51,520 --> 00:27:55,560 Speaker 4: destroyed during the weekend right for Israelis, and an apparently 510 00:27:55,680 --> 00:27:58,960 Speaker 4: charming family were killed, but many other people were safe 511 00:27:58,960 --> 00:28:01,280 Speaker 4: in the shelter, I would say the attacks continue. 512 00:28:01,560 --> 00:28:02,640 Speaker 2: My reading of it is. 513 00:28:02,600 --> 00:28:06,399 Speaker 4: That Israelis still are willing to go through this inconvenience 514 00:28:06,640 --> 00:28:10,280 Speaker 4: because Israelis understand it's a rare opportunity to weaken Iran. 515 00:28:10,560 --> 00:28:13,280 Speaker 4: And there's another question just to consider what's going to 516 00:28:13,280 --> 00:28:15,800 Speaker 4: happen in the Israeli election that must be held between 517 00:28:15,800 --> 00:28:19,000 Speaker 4: now and October. Is this good for Prime Minister Benjamin 518 00:28:19,040 --> 00:28:23,879 Speaker 4: net Tanyahu. If the goals are achieved, Yeah, if the 519 00:28:23,960 --> 00:28:27,639 Speaker 4: goals are not fully achieved, bad for net Tan Yahu. 520 00:28:27,920 --> 00:28:31,639 Speaker 4: So you know, leaders are really taking big political risks. 521 00:28:31,880 --> 00:28:33,040 Speaker 2: But I think that's part. 522 00:28:32,800 --> 00:28:34,119 Speaker 5: Of what war is well. 523 00:28:34,240 --> 00:28:37,760 Speaker 1: Yeah, Dan Revieve, thank you very much for that comprehensive update, 524 00:28:37,800 --> 00:28:39,960 Speaker 1: and we will keep an open line to you as 525 00:28:40,000 --> 00:28:43,680 Speaker 1: we track the next twenty four hours with potentially epic 526 00:28:43,880 --> 00:28:48,160 Speaker 1: developments happening. Dan Revive Middle East experts who's also a 527 00:28:48,160 --> 00:28:51,320 Speaker 1: former Network News correspondent, author of books about the Israeli 528 00:28:51,400 --> 00:28:55,920 Speaker 1: intelligence service, including Target Iran Spies, Against Armageddon Every Spire 529 00:28:56,000 --> 00:28:59,920 Speaker 1: Prince Van Revive is also host so the Mosad Files podcast. 530 00:29:00,200 --> 00:29:02,239 Speaker 1: John Revieve, thank you very much, s for joining us 531 00:29:02,240 --> 00:29:03,200 Speaker 1: live here this afternoon. 532 00:29:04,080 --> 00:29:06,400 Speaker 4: Always a privileged Frank, Thank you very much. 533 00:29:06,480 --> 00:29:09,520 Speaker 1: Seven ninety KBC Motech on Money continues here in seven 534 00:29:09,600 --> 00:29:12,120 Speaker 1: ninety KBC. A lot happening on the local real estate 535 00:29:12,160 --> 00:29:14,880 Speaker 1: scene these days. Let's get an update now what's happening 536 00:29:14,880 --> 00:29:17,480 Speaker 1: on the Los Angeles area real estate scene with so 537 00:29:17,560 --> 00:29:20,760 Speaker 1: much uncertainty and important issues to consider in the current market, 538 00:29:21,040 --> 00:29:23,000 Speaker 1: and joining us now one of our great seven ninety 539 00:29:23,040 --> 00:29:26,719 Speaker 1: KBC Motech on Money sponsors Wedgewood Homes and joining us 540 00:29:26,760 --> 00:29:30,600 Speaker 1: live is Kylie Moeller, director of market Acquisitions at Wedgwood Homes. 541 00:29:30,800 --> 00:29:34,400 Speaker 1: At Wedgwoodhomes dot com. Kylie, thank you very much for 542 00:29:34,560 --> 00:29:35,880 Speaker 1: taking the call here this afternoon. 543 00:29:37,160 --> 00:29:39,560 Speaker 5: Hi Frank both, so good to be here again. 544 00:29:39,880 --> 00:29:42,239 Speaker 1: Wonderful to have you with us here. And as I 545 00:29:42,280 --> 00:29:44,080 Speaker 1: was saying, yeah, a lot of uncertainty in the market 546 00:29:44,360 --> 00:29:47,000 Speaker 1: these days, what does that mean for a homeowner who 547 00:29:47,240 --> 00:29:49,520 Speaker 1: wants to sell and how is the real estate to 548 00:29:49,600 --> 00:29:51,040 Speaker 1: being impact nowadays? 549 00:29:51,760 --> 00:29:55,280 Speaker 5: Yeah, absolutely. I think anyone who's been watching the news 550 00:29:55,360 --> 00:29:59,400 Speaker 5: recently is seen there's been so much fluctuation and day 551 00:29:59,440 --> 00:30:03,360 Speaker 5: to day it's changing. There's been fluctuation in the stock market. 552 00:30:03,480 --> 00:30:06,640 Speaker 3: We've been seeing an increase in the ten year yield 553 00:30:06,760 --> 00:30:10,360 Speaker 3: and reaction to current geo political events, and as you know, 554 00:30:10,680 --> 00:30:14,400 Speaker 3: that directly impacts mortgage interest rates, which are also increasing 555 00:30:14,520 --> 00:30:16,160 Speaker 3: concurrently with the ten year yields. 556 00:30:16,280 --> 00:30:20,320 Speaker 5: So really what this means is financing and what buyers 557 00:30:20,320 --> 00:30:24,440 Speaker 5: can afford right now is being impacted, and we're seeing 558 00:30:24,480 --> 00:30:27,720 Speaker 5: a lot of people starting to explore outside of the 559 00:30:27,760 --> 00:30:31,000 Speaker 5: traditional listing process on the MLS. I think for a 560 00:30:31,040 --> 00:30:33,080 Speaker 5: lot of people, when you think of listing your home 561 00:30:33,120 --> 00:30:35,320 Speaker 5: on the MLS. It can mean daunting, it can mean 562 00:30:35,880 --> 00:30:40,320 Speaker 5: making repairs and possibly staging and having to coordinate showings 563 00:30:40,360 --> 00:30:43,600 Speaker 5: and waiting on the market. And we're hearing more and 564 00:30:43,640 --> 00:30:46,920 Speaker 5: more right now with this market uncertainty, that that timeline 565 00:30:46,960 --> 00:30:51,200 Speaker 5: doesn't necessarily fit their needs or their situation. So we've 566 00:30:51,240 --> 00:30:55,720 Speaker 5: been hearing from sellers who recently had a rental whose 567 00:30:55,800 --> 00:30:58,920 Speaker 5: tenants just moved out and they've been landlords for twenty 568 00:30:59,000 --> 00:31:01,120 Speaker 5: years and they're just they're done, They're done with this 569 00:31:01,240 --> 00:31:05,640 Speaker 5: uncertain market. Or maybe they've you know, recently inherited a 570 00:31:05,720 --> 00:31:08,040 Speaker 5: home and they're still grieving and they're not sure what 571 00:31:08,200 --> 00:31:12,240 Speaker 5: to do. We've been working with sellers who are trying 572 00:31:12,280 --> 00:31:16,240 Speaker 5: to close sooner rather than later now, people who are relocating, 573 00:31:16,280 --> 00:31:18,800 Speaker 5: we just need to close on a really quick timeline. 574 00:31:19,360 --> 00:31:22,760 Speaker 5: And I think that's what Wegwood Homes really specializes in. 575 00:31:22,840 --> 00:31:26,520 Speaker 5: You know, we buy as is for cash, no repairs. 576 00:31:26,560 --> 00:31:29,720 Speaker 5: We really take out that uncertainty, and I think now 577 00:31:29,760 --> 00:31:33,440 Speaker 5: more than ever, people just want that sure offer in 578 00:31:33,600 --> 00:31:36,160 Speaker 5: hand in this very uncertain market. 579 00:31:36,480 --> 00:31:39,760 Speaker 1: On your line with Kylie Mueller, director of market Acquisitions 580 00:31:39,800 --> 00:31:43,040 Speaker 1: at Wedgwood Homes at Wedgwoodhomes dot Com is such an 581 00:31:43,080 --> 00:31:45,160 Speaker 1: important work you're doing there at Kylie. And you mentioned 582 00:31:45,320 --> 00:31:48,520 Speaker 1: inherited homes, and I know a common fear about that 583 00:31:48,560 --> 00:31:51,960 Speaker 1: would be a tax implications of inheriting an asset like that, 584 00:31:52,280 --> 00:31:55,280 Speaker 1: especially in a market like LA where where values have 585 00:31:55,280 --> 00:31:58,160 Speaker 1: gone through the roof of what should families know about that? 586 00:32:00,040 --> 00:32:04,880 Speaker 5: While that fear is completely understandable, But in California we 587 00:32:05,080 --> 00:32:08,400 Speaker 5: do have something called a step up in basis which 588 00:32:08,440 --> 00:32:12,560 Speaker 5: can be really helpful and impactful in markets, especially in 589 00:32:12,640 --> 00:32:16,280 Speaker 5: high appreciating markets like LA. So how that works and 590 00:32:16,320 --> 00:32:19,800 Speaker 5: what that means When you inherit a property, the irs 591 00:32:19,840 --> 00:32:23,640 Speaker 5: resets your cost basis or in other words, your starting 592 00:32:23,720 --> 00:32:28,280 Speaker 5: value for your tax purposes. So let's just say you 593 00:32:28,280 --> 00:32:32,800 Speaker 5: your mom purchased her house in Lakewood for sixty five 594 00:32:32,840 --> 00:32:37,240 Speaker 5: thousand dollars forty years ago, and today you've inherited the 595 00:32:37,280 --> 00:32:41,040 Speaker 5: fair market value is at nine hundred thousand dollars. Your 596 00:32:41,280 --> 00:32:45,640 Speaker 5: starting point for tax purposes is now nine hundred thousand dollars. 597 00:32:46,000 --> 00:32:49,080 Speaker 5: And the reason that's so impactful is that if you 598 00:32:49,280 --> 00:32:52,360 Speaker 5: sell near that price, near that nine hundred thousand dollars, 599 00:32:52,960 --> 00:32:56,360 Speaker 5: your capital gains exposure could be close to zero, which 600 00:32:57,080 --> 00:33:00,520 Speaker 5: that is potentially hundreds of thousands of dollars and tax 601 00:33:00,560 --> 00:33:04,840 Speaker 5: savings just built right into that inheritance process, depending on 602 00:33:04,880 --> 00:33:07,360 Speaker 5: the price point, of course. But a lot of families 603 00:33:07,400 --> 00:33:10,760 Speaker 5: don't realize that there is a step up basis before 604 00:33:10,800 --> 00:33:14,600 Speaker 5: it's too late you properly use it, and so I 605 00:33:15,040 --> 00:33:17,960 Speaker 5: really encourage people to reach out to Edgewood Homes before 606 00:33:17,960 --> 00:33:23,360 Speaker 5: making any decisions. We have local experts who can find 607 00:33:23,360 --> 00:33:26,920 Speaker 5: out more about your situation you've inherited a home and 608 00:33:27,000 --> 00:33:29,920 Speaker 5: really point you in the right direction, because we want 609 00:33:29,960 --> 00:33:32,960 Speaker 5: to make sure that you are truly getting the full 610 00:33:33,000 --> 00:33:37,240 Speaker 5: picture of what your options are and ultimately hopefully save 611 00:33:37,320 --> 00:33:39,840 Speaker 5: you money in terms of tax purposes with the step 612 00:33:39,880 --> 00:33:40,480 Speaker 5: up basis. 613 00:33:40,800 --> 00:33:44,320 Speaker 1: That is such important information and important guidance. Are there 614 00:33:44,360 --> 00:33:48,480 Speaker 1: situations where families accidentally lose that step up benefit that 615 00:33:48,520 --> 00:33:49,720 Speaker 1: you just describe. 616 00:33:50,920 --> 00:33:53,480 Speaker 5: You know, Unfortunately there are and I think this is 617 00:33:53,680 --> 00:33:58,040 Speaker 5: really important information. A common mistake that we often see 618 00:33:58,520 --> 00:34:02,440 Speaker 5: and it's really unfortunate, but parents will sometimes add a 619 00:34:02,560 --> 00:34:06,120 Speaker 5: child to title before passing, thinking it will make the 620 00:34:06,160 --> 00:34:10,839 Speaker 5: process easier, but unfortunately that portion of the property may 621 00:34:10,840 --> 00:34:14,400 Speaker 5: not get that full step up. Another thing to consider, 622 00:34:14,800 --> 00:34:19,120 Speaker 5: is waiting too long if your decision process drags on, 623 00:34:19,360 --> 00:34:23,440 Speaker 5: or if the estate drags on, errors can end up 624 00:34:23,440 --> 00:34:27,040 Speaker 5: paying more in capital gains just because the property is 625 00:34:27,080 --> 00:34:31,880 Speaker 5: appreciated much more. And this is exactly why Wedgwood Homes 626 00:34:31,920 --> 00:34:36,400 Speaker 5: we have our certified trust and probate specialists who can 627 00:34:36,920 --> 00:34:42,440 Speaker 5: really dive into your individual situation. It's a free, no obligation, 628 00:34:42,960 --> 00:34:46,120 Speaker 5: just a conversation really just to get you started. And 629 00:34:46,680 --> 00:34:48,920 Speaker 5: we buy as is with no repairs, and we can 630 00:34:48,960 --> 00:34:51,719 Speaker 5: move quickly so we can move on a faster timeline 631 00:34:51,760 --> 00:34:54,359 Speaker 5: and hopefully give you an advantage ter. 632 00:34:54,320 --> 00:34:57,480 Speaker 1: Realic for someone in any of the situations that you've 633 00:34:57,480 --> 00:35:01,560 Speaker 1: described and hurting a home, of relocating or downsizing real property, 634 00:35:01,640 --> 00:35:05,000 Speaker 1: or or someone who just needs to sell fast and 635 00:35:05,040 --> 00:35:07,360 Speaker 1: get cash, show what does that? What does it actually 636 00:35:07,360 --> 00:35:09,799 Speaker 1: look like when they come to Wedgwood Homes. 637 00:35:10,520 --> 00:35:13,279 Speaker 5: Yeah, well, for starters, selling your home can be a 638 00:35:13,440 --> 00:35:18,080 Speaker 5: very daunting and very overwhelming process. For anyone listening who 639 00:35:18,600 --> 00:35:20,920 Speaker 5: haven't you know, hasn't really gone through that process, it's 640 00:35:20,960 --> 00:35:24,200 Speaker 5: sometimes difficult to know where to begin. So we really 641 00:35:24,239 --> 00:35:27,000 Speaker 5: try to make it simple for everyone. We boil it 642 00:35:27,040 --> 00:35:28,719 Speaker 5: down to three steps. 643 00:35:28,800 --> 00:35:29,080 Speaker 4: Really. 644 00:35:29,160 --> 00:35:31,799 Speaker 5: The first step is just reach out talk to us. 645 00:35:32,040 --> 00:35:36,560 Speaker 5: We offer a free consultation. There's no pressure, no obligation, 646 00:35:36,840 --> 00:35:39,680 Speaker 5: and feel free to call us at one eight hundred 647 00:35:39,840 --> 00:35:44,240 Speaker 5: sixty one nine seven one two one, or simply submit 648 00:35:44,280 --> 00:35:47,719 Speaker 5: your property at wedgwodhomes dot com. One member of our 649 00:35:47,760 --> 00:35:50,360 Speaker 5: team will be reaching out to you or will answer 650 00:35:50,360 --> 00:35:53,200 Speaker 5: the phone, and we just gather information on that first call. 651 00:35:53,239 --> 00:35:57,040 Speaker 5: It's really just a great conversation to understand where you're 652 00:35:57,080 --> 00:35:59,279 Speaker 5: at and where we can meet you at. And then 653 00:35:59,320 --> 00:36:01,720 Speaker 5: the next step there is one of our local market 654 00:36:01,719 --> 00:36:05,120 Speaker 5: experts would visit the home. We would gather information on 655 00:36:05,200 --> 00:36:07,239 Speaker 5: what the condition of the home looks like. It's usually 656 00:36:07,320 --> 00:36:11,359 Speaker 5: a fifteen to twenty minute inspection, and then we can 657 00:36:11,480 --> 00:36:15,719 Speaker 5: give you our all cash offer. This offer has no 658 00:36:15,800 --> 00:36:20,040 Speaker 5: hidden fees, there's no surprises. We truly want to make 659 00:36:20,080 --> 00:36:22,600 Speaker 5: this as straightforward of a process as possible because we 660 00:36:22,680 --> 00:36:25,440 Speaker 5: understand how stressful it can be, and if the offer 661 00:36:25,520 --> 00:36:28,960 Speaker 5: makes sense, we move forward. We create a timeline that 662 00:36:29,000 --> 00:36:32,040 Speaker 5: works best for the seller. Some people need thirty days, 663 00:36:32,040 --> 00:36:36,400 Speaker 5: some people need three days. We can do both, and ultimately, 664 00:36:36,440 --> 00:36:39,600 Speaker 5: what we hear right now is people just don't know 665 00:36:39,640 --> 00:36:42,000 Speaker 5: that it can be very simple, and that's our goal. 666 00:36:42,080 --> 00:36:44,160 Speaker 5: Our goal is to keep it simple and make this 667 00:36:44,320 --> 00:36:46,440 Speaker 5: as stress free as possible for every seller. 668 00:36:46,680 --> 00:36:49,359 Speaker 1: All right, The website again is Wedgwood Homes dot com 669 00:36:49,360 --> 00:36:51,800 Speaker 1: and the phone number is eight hundred and six seventy 670 00:36:51,840 --> 00:36:54,600 Speaker 1: one twenty one. Anything else you'd like to mention here 671 00:36:54,800 --> 00:36:56,840 Speaker 1: for those sitting in traffic right now, is dealing with 672 00:36:56,920 --> 00:36:59,840 Speaker 1: any of the situations, anything else that you'd like to 673 00:37:00,239 --> 00:37:01,200 Speaker 1: mentioned here at this point. 674 00:37:02,680 --> 00:37:07,200 Speaker 5: I think one takeaway is don't navigate this process alone. 675 00:37:07,440 --> 00:37:11,200 Speaker 5: Whether you've inherited a home, or your tenants just moved out, 676 00:37:11,560 --> 00:37:15,600 Speaker 5: or your house doesn't necessarily show ready, the decisions that 677 00:37:15,640 --> 00:37:18,640 Speaker 5: you make can mean hundreds of thousands of dollars in 678 00:37:18,680 --> 00:37:23,040 Speaker 5: either direction, so I think it's really important to weigh 679 00:37:23,040 --> 00:37:26,560 Speaker 5: your options. Right now is a really strategic time to 680 00:37:26,640 --> 00:37:30,560 Speaker 5: make that call. We're headed into spring, and you know, 681 00:37:30,600 --> 00:37:33,279 Speaker 5: we've always seen demand pick up right about now, but 682 00:37:33,360 --> 00:37:36,359 Speaker 5: this is sort of the sweet spot too, before there's 683 00:37:36,360 --> 00:37:39,440 Speaker 5: an influx of new inventory for summer. So I think 684 00:37:39,560 --> 00:37:42,239 Speaker 5: right now is a really great time to start thinking 685 00:37:42,280 --> 00:37:44,960 Speaker 5: about selling, and if you're on the fence, reach out 686 00:37:45,000 --> 00:37:48,920 Speaker 5: to edge with homes. We are buying and we're actively 687 00:37:48,960 --> 00:37:52,879 Speaker 5: buying a lot of properties right now, and we can 688 00:37:53,000 --> 00:37:56,960 Speaker 5: work through any situation. We've seen pretty much every seller 689 00:37:57,080 --> 00:38:00,600 Speaker 5: situation imaginable and we just want to make it a 690 00:38:00,600 --> 00:38:04,040 Speaker 5: stress free experience for me, for you as a seller. 691 00:38:04,120 --> 00:38:06,560 Speaker 5: We've been in the business for four decades, we're local, 692 00:38:07,120 --> 00:38:09,880 Speaker 5: we have an A plus rating with the Better Business Bureau. 693 00:38:10,280 --> 00:38:12,120 Speaker 5: We would really just love to talk to you, and 694 00:38:12,120 --> 00:38:14,359 Speaker 5: I think you're the best. The call would be worth 695 00:38:14,400 --> 00:38:14,880 Speaker 5: your while. 696 00:38:15,200 --> 00:38:19,359 Speaker 1: Kylie Muller, director of market Acquisitions at Wedgewoodhomes Wegwoodhomes dot 697 00:38:19,360 --> 00:38:21,680 Speaker 1: com and the number one more time eight hundred six 698 00:38:21,840 --> 00:38:24,600 Speaker 1: one nine seventy one twenty one. Thank you very much, 699 00:38:24,680 --> 00:38:27,360 Speaker 1: Kylie for taking the call. One of our great sponsors 700 00:38:27,360 --> 00:38:29,880 Speaker 1: here on Motech on Money seven ninety KBC