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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding a professionals

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC erness What's Up? You ever walk

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Speaker 1: into a small business and everything just works like the

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Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze,

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Speaker 1: and you're out the door before the line even builds.

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Speaker 1: Odds are they're using Square? We love supporting business that

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Speaker 1: run on Square because it just feels seamless. Whether it's

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Speaker 1: a local coffee shop, a vendor at a pop up market,

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Speaker 1: or even one of our merch partners. Square makes it

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Speaker 1: their business with confidence, all from one simple system. If

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Speaker 1: you're a business owner or even just thinking about launching

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Speaker 1: something soon, Square is hands down one of the best

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Speaker 1: It's not just about payments, it's about giving you time

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Speaker 1: back so you can focus on what matters most ready.

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Speaker 1: Let's Square handle the back end so you can keep

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Speaker 1: pushing your vision forward.

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Speaker 2: That's in p. Five hundred. Has returned fifteen percent in

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Speaker 2: the first half of the year with an unusually smooth ride.

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Speaker 2: So what are your thoughts on the performance so far

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Speaker 2: this year? For those that feel they have may have

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Speaker 2: missed out on this run, what do you recommend?

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Speaker 3: This is why holding long term is key blockbuster a year.

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Speaker 3: So as a result, when we are up this much

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Speaker 3: halfway throughout the year, we usually either end up twenty

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Speaker 3: six percent positive for the year or we end up

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Speaker 3: eight percent. I know there's a lot of analysts predicting

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Speaker 3: a thirty percent drop from here. I don't see it happening.

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Speaker 3: I don't know where you're getting your numbers from. If

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Speaker 3: you get the iPad, the new iPad with the chet

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Speaker 3: GPT in it, you'll see true mathematical formulas off. So

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Speaker 3: maybe you need to adjust, but I think we should

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Speaker 3: end up at least twenty twenty one percent up for

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Speaker 3: the year. The biggest lesson is to hold ets and

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Speaker 3: indexes for the long term. I don't like, I don't know.

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Speaker 3: I know two tech two index has almost become like

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Speaker 3: catchy and gimmicky at this point. But there's a reason why.

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Speaker 3: If you look in twenty twenty, that's p why it

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Speaker 3: was that two twenty seven, it's now at five to

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Speaker 3: forty five. So through COVID, through presidential concerns, through leadership,

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Speaker 3: through sectoration, lies, this has continued to go up. So

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Speaker 3: pick one that you want to invest in, hold on

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Speaker 3: to it daily for five years, ten years, and you'll

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Speaker 3: be good.

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Speaker 1: So you're saying twenty one percent, that means that we're

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Speaker 1: gonna at minimum climate another six percent. If I'm backing

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Speaker 1: recor yes, no, so here that that's pretty that's great

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Speaker 1: because here's what the math has shown since over the

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Speaker 1: past forty years. Over the past forty years, the essen Yeah,

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Speaker 1: you know, I want to do a little research. So

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Speaker 1: over the past forty years, the S and P has

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Speaker 1: gone up in double digit percentage in the first half

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Speaker 1: of the year. Out of those fourteen times that has

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Speaker 1: done it, it's gone higher twelve times, so that's eighty

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Speaker 1: six percent, right on average. When it does this, it

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Speaker 1: goes up on average a minimum of ten percent. Oh wow, okay,

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Speaker 1: I'm under yeah, right, you're right. I mean, if you're

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Speaker 1: saying six that's actually undershooting it. It actually does ten

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Speaker 1: percent higher. And so I mean that's a lot pretty

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Speaker 1: good research, right, We're talking about forty years of data,

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Speaker 1: and it really it comes down to what these techtocs

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Speaker 1: do pretty much. So the first half of the year,

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Speaker 1: Nvidia contributed to thirty percent of the gains in the

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Speaker 1: S ANDP that Microsoft, Alphabet, Amazon collectively, those three companies

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Speaker 1: collectively contributed to twenty six percent. So you got four

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Speaker 1: companies that have contributed to nearly well over fifty percent

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Speaker 1: of the gains in the S and P. Four companies.

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Speaker 1: So people came into this year. Obviously, twenty twenty three

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Speaker 1: was a reboundier in tech from twenty twenty two. We

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Speaker 1: all thought the fred rate was going to happen six

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Speaker 1: of them that hasn't happened it. We got zero. But

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Speaker 1: on video and the AI revolution has carried it for

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Speaker 1: the first half m hm. The question is like, so

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Speaker 1: people actually should they get in? Well, yeah, what are

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Speaker 1: your thoughts on the AI revolution? What do you think

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Speaker 1: about in video and with the presumed let's say two

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Speaker 1: FED cuts like that will probably happen. Do those conditions

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Speaker 1: warrant you to say, yes, it's time. This is based

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Speaker 1: on the research that I've done, this is a time

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Speaker 1: that I should get in. People talk about pullbacks all

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Speaker 1: the time. Can it happen? Yes, It's happened two times

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Speaker 1: out of the last forty years when the SSP has

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Speaker 1: had a double ditch game. So is it possible? Yes?

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Speaker 1: What does the historical data show us eighty six percent

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Speaker 1: of the time it doesn't.

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Speaker 2: Yeah, we can make this more complicated than it needs

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Speaker 2: to be, but it's always a good time to invest

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Speaker 2: in the S and P five hundred. That's the whole

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Speaker 2: point of index FINT. In any research, whether it's Warren Buffett,

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Speaker 2: whether it's Paul tudor joke. Everybody has always championed index

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Speaker 2: funds as the safest way to invest by dollar cost

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Speaker 2: averaging by putting amounts of money into it every single

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Speaker 2: month because you get the total market and that so

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Speaker 2: it's never a bad time to invest in index funds.

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Speaker 2: That's the easiest way to go. Like I said, we

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Speaker 2: can make it more complicated if you wanted to, if

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Speaker 2: you want it, if you wanted to be more complicated,

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Speaker 2: because you feel like that's going to help you in

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Speaker 2: your quest for you know, superior information and you feel

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Speaker 2: like you're a market expert. But the short answer is

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Speaker 2: that you should always invest in the S and P

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Speaker 2: five hundred every single month because that's the most intelligent

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Speaker 2: way to actually go about it, and it's the safest

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Speaker 2: way to go.

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Speaker 4: An illegal alien from Guatemala charged with raping a child

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Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 4: accused of murdering a Texas man of Venezuelan charged with

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Speaker 4: filming and selling child pornography in Michigan. These are just

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Speaker 4: some of the heinous migrant criminals caught because President Donald J.

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Speaker 4: Trump's leadership. I'm Christy Noman, the United States Secretary of

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Speaker 4: Homeland Security. Under President Trump, attempted illegal border crossings are

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Speaker 4: will be protected.

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