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Speaker 1: My guest.

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Speaker 2: So your fears, son your fears, let me a little

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Speaker 2: background on I say at the very top of the show.

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Speaker 2: Financial advisor and Global Sports and Entertainment Director with Morgan Stanley.

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Speaker 2: She began working in the financial services industry in two

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Speaker 2: thousand did She joined Bank of America Merrill Lynch in

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Speaker 2: two thousand and six. So if you're ha any phone

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Speaker 2: calls that you want to make, this is the time

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Speaker 2: to make those phone calls, she assists. Transitioned to Morgan Stanley. Well,

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Speaker 2: she is one of the one of the fewer than

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Speaker 2: two percent of Morgan Stanley's Financial Advisor to obtain their

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Speaker 2: Global Sports and Entertainment Director of destination as of January

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Speaker 2: of this year. Please work with the Money Making Conversation masterclass.

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Speaker 2: Sonya fears, How are you doing to sign your good evening?

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Speaker 3: Good evening, Rashan, thank you for helping me?

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Speaker 1: Well, well, thank you.

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Speaker 4: Well.

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Speaker 2: You know I think that with gas prices, you know,

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Speaker 2: in some areas going over five dollars, a lot of

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Speaker 2: people want to know what's going on with their money.

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Speaker 2: I guess do you get Are you getting the phone

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Speaker 2: calls that you're getting now different from the phone calls

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Speaker 2: that you got during the pandemic.

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Speaker 3: They are and the reason being the reason why they're different.

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Speaker 3: Of course, you know we we had the.

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Speaker 5: Pandemic and and and then we had unrest and you

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Speaker 5: know with with police and and now we have a war, and.

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Speaker 3: The tensions in Russia and Ukraine for a lot of

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Speaker 3: us is different. And so people are nervous. There's a

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Speaker 3: lot of anxiety, and the calls, although similar, because there

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Speaker 3: were anxieties there, these anxieties are unknown for a lot

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Speaker 3: of people, so they are a little different.

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Speaker 2: Yeah, because our reason. You canna say that, because did

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Speaker 2: you look at television? It's let me just answer myself

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Speaker 2: the question to myself. For instance, when when the Civil

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Speaker 2: Wars was here, when the George Floyd situation, the pandemic

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Speaker 2: was here, when I walked down my front door, I

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Speaker 2: had to deal with either wearing a mask or not

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Speaker 2: going out in the front door, I had to deal

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Speaker 2: with worrying about the police, the police where they when

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Speaker 2: they stopped me, because I will stop several times. One

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Speaker 2: was because my tag was expired. I was nervous. Whereas

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Speaker 2: the war, I can just turn the TV off. I

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Speaker 2: can ignore it in the sense even though it's going on.

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Speaker 2: But that ignoring still doesn't mean it's not impacted me.

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Speaker 2: Because my gas I went to fill up yesterday and

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Speaker 2: I looked down it was like five dollars and thirteen

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Speaker 2: cents because I used premium gas in my car, and

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Speaker 2: I was like stunned.

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Speaker 1: I was like, wow, this is ridiculous because.

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Speaker 2: On TV they only give you the lowest priced gas,

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Speaker 2: the regular premium. That the regular gas is so but

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Speaker 2: there's gas out there in some places five and six

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Speaker 2: dollars a gallon.

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Speaker 1: But in time, that also.

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Speaker 2: Tells people who because you deal with people on retirement accounts,

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Speaker 2: you deal with people who don't know if they should

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Speaker 2: take their money in or redirect their money. And were

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Speaker 2: always talking about closing the black wealth gap, So you

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Speaker 2: have a lot of questions that come in you. The

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Speaker 2: first question I'm gonna ask you, what is the wealth gap?

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Speaker 2: The black wealth gap? Is there any possibility that being

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Speaker 2: closed in my generation? And if so, how can that

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Speaker 2: be achieved?

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Speaker 3: That's an excellent question. It's something that you hear a

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Speaker 3: lot more younger people talk about, which which is very

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Speaker 3: very encouraging to me. And and really by having the

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Speaker 3: door open ones one often is the greatest component to

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Speaker 3: increase the black dollar in wealth in the black community.

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Speaker 3: Education is another way what we what we need is

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Speaker 3: more people who look like us to understand the different

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Speaker 3: components of building wealth. And and that's where we start

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Speaker 3: to really understand how you build wealth. Because when you understand,

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Speaker 3: we can work towards closing the gap, you know, having

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Speaker 3: the opportunities really to talk to youth in an engaging

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Speaker 3: way and to not only focus on finance, but promote

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Speaker 3: financial literacy so that we can shed light on the

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Speaker 3: mindset and the discipline needed to become wealthy, because it's

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Speaker 3: discipline just like the same kind of discipline that it takes.

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Speaker 3: And I know you're an early riser to wake up early,

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Speaker 3: to wake up early, and for those who can do

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Speaker 3: that and have the discipline to regardless of what's going on,

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Speaker 3: to get their rest so they can start early and

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Speaker 3: they can have a full day, the discipline to exercise

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Speaker 3: every day. It's the discipline to really understand and have

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Speaker 3: a mindset to be intentional about understanding what your money

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Speaker 3: can do for you and understanding what you need to

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Speaker 3: do to allow your money to work for you.

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Speaker 2: You know, when I thank you for that information, he

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Speaker 2: just told us. When you was talking your opening credits

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Speaker 2: talked about when you was at Merrill Lynch you created

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Speaker 2: the first African American mother daughter wealth management team with

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Speaker 2: your daughter. So I'm assuming that the conversations and the

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Speaker 2: approaches were different as the people you were dealing. I

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Speaker 2: want to say, in your age group or the group

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Speaker 2: that came to you for financial advice and the group

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Speaker 2: that came to her for financial advice, what was the

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Speaker 2: Was there any common denominators or they were just extreme

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Speaker 2: people looking for extreme different different approaches to their financial strategies.

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Speaker 3: So the common denominator and that's what you see now,

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Speaker 3: and that's why I'm encouraged about the wealth gap closing

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Speaker 3: is the fact that people that are my age, or

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Speaker 3: people that are looking towards retirement or putting together an

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Speaker 3: estate plan, or people that are my daughter's age, they

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Speaker 3: all want and need guidance. You know. That's that's the

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Speaker 3: common denominator. People that don't do this every day and

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Speaker 3: is not investing people's money and not putting together financial

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Speaker 3: plans for people so that they have that guide to

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Speaker 3: help them through life and not have to worry about it.

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Speaker 3: They really don't know, you know. So we we have physicians,

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Speaker 3: and we have athletes, and we have business owners, and

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Speaker 3: they they are very good at what they do, but

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Speaker 3: they don't do this every day. And if they don't

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Speaker 3: do this every day, they don't really have that roadmap

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Speaker 3: at their fingertips to help guide them through knowing what

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Speaker 3: their numbers are and knowing that based on the seven

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Speaker 3: life priorities, what the numbers look like, that will make

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Speaker 3: that retirement plan successful. And so that's a common denominator

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Speaker 3: that young or middle age or older need the knowledge

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Speaker 3: and need the guidance to be able to fulfill their

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Speaker 3: goals and have an effective plan towards building wealth.

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Speaker 6: We'll be right back with more Money Making Conversations master

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Speaker 6: Class with Rushan McDonald. Now, let's return to Money Making

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Speaker 6: Conversations master Class with Rashaan McDonald.

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Speaker 2: Sonya, where are more minorities involved in in stock activity?

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Speaker 3: And I thought about it, of course while you are

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Speaker 3: on the break and why are people sitting on the

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Speaker 3: sidelines as you ask, And I think it's important for

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Speaker 3: a lot of people to identify while they're nervous. So

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Speaker 3: we know there's a lot of anxiety now because of

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Speaker 3: the tension with Russia and Ukraine, but from there, you

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Speaker 3: know people identifying why they're nervous. They need to look

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Speaker 3: at the intended use of their assets and what they

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Speaker 3: plan to invest in. And if you're clear on your

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Speaker 3: goals and you're confident on your timeline, and you understand

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Speaker 3: that there are highs and lows in investing, you really

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Speaker 3: should be fine. A lot of people are nervous because

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Speaker 3: they don't know and they're not being prepared. And so

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Speaker 3: working with a financial professional, so you understand that the

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Speaker 3: market has hebs and blows and that over the past

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Speaker 3: one hundred years, and you can physically look at the

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Speaker 3: charts and look at all of the many crisises that's

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Speaker 3: occurred over the past eighty to one hundred years and

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Speaker 3: understand that even though those crisises occurred, the market still

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Speaker 3: went up. And so really understanding I think that will

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Speaker 3: take away some of the nervousness and really being prepared

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Speaker 3: I think will help people.

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Speaker 6: Now.

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Speaker 3: In terms of why minorities are not in the stock market,

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Speaker 3: I really don't think that's necessarily the case anymore. I

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Speaker 3: really see a lot more minorities getting into investing, but

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Speaker 3: working with the financial professional, not as many. You hear

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Speaker 3: about a lot of younger folks now they're getting involved

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Speaker 3: with cryptocurrency, or they want to start investing, or you know,

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Speaker 3: they have a Disney stock and things like that. So

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Speaker 3: I think it's changing. It's just that we need to

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Speaker 3: get more involved and get to our goal where we

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Speaker 3: have a predominant amount of us involved in investing.

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Speaker 2: I ask you this question, so as you say the

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Speaker 2: word cryptocurrency, I've had experts on my show talking about cryptocurrency,

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Speaker 2: talking about bitcoin, talking about stocks. Does cryptocurrency and bitcoin

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Speaker 2: that fall in your will house?

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Speaker 3: So many brokerage firms, including Mortgage Stanley, really shy away

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Speaker 3: from offering cryptocurrencies to our clients. Neil, We were actually

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Speaker 3: the first brokerage firm on Wall Street to offer bitcoin

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Speaker 3: on our platform. But you have to be an accredited

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Speaker 3: investor to be able to buy it. So for us,

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Speaker 3: you have to have a million dollars with us, and

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Speaker 3: the minimum you can put in it is fifty thousand.

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Speaker 3: And again we set the criteria very high because the

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Speaker 3: potential for loss is tremendous, so is the potential for gain.

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Speaker 3: But that volatility. A lot of people that have, you know,

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Speaker 3: their retirement funds, we discourage them from putting that into it.

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Speaker 3: You have to have significant disposable asset before we would

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Speaker 3: encourage that.

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Speaker 2: Well, okay, and so that means that that let me

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Speaker 2: just slow it down because you know, a million dollars

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Speaker 2: you probably got a lot of people hung up on

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Speaker 2: my shoulder right there.

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Speaker 1: I can't even listen to this guy. I don't have

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Speaker 1: a million dollars, you.

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Speaker 2: Know, because of the fact that you know, we're talking about,

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Speaker 2: you know, investing. And so they say, I got a

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Speaker 2: small amount of money, I want to invest a small

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Speaker 2: amount of money.

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Speaker 1: Is it worth it?

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Speaker 2: And let me ask that question because you know, as

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Speaker 2: a child, you know to just put twenty dollars in

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Speaker 2: a bank, put one hundred dollars in the bank. What

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Speaker 2: is a starting point for investing or savings and creating

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Speaker 2: a relationship with a person like you or should we

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Speaker 2: just go to an app like a robin Hood type

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Speaker 2: app type did you get started? Can they come to

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Speaker 2: you with a small amount of money to invest and

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Speaker 2: start their their their road, their journey to financial success?

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Speaker 3: And so I want to say that yes, you can

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Speaker 3: start with a small amount of money to invest. The

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Speaker 3: criteria and I give this to clients across the board

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Speaker 3: children of my clients. We have to start with savings, right,

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Speaker 3: and for a young adult that's starting out and they're

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Speaker 3: looking to buy their own, their first car and potentially

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Speaker 3: save to get their first home. Do you have an

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Speaker 3: emergency fund? You know? I always start there. And the

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Speaker 3: criteria to establish an emergency fund. If you're single, it's

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Speaker 3: six months times your monthly expenses, your electric, your rent,

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Speaker 3: your gas, your whatever. Your monthly expenses are six times

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Speaker 3: that amount, that should be your emergency fund. If you're

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Speaker 3: married or you're a couple, is three times your monthly

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Speaker 3: expensive So once you've establish is your emergency fund, then

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Speaker 3: the monies that you have left over, that's what you

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Speaker 3: use to invest. And you start where you are. And

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Speaker 3: if it's one hundred dollars a month, that's where you start.

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Speaker 3: And if it's a thousand or five thousand, that's where

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Speaker 3: you start. But I definitely encourage at any level you

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Speaker 3: should start.

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Speaker 2: Okay, cool, I think they back on, but I think

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Speaker 2: they've rejoined me. The one hundred dollars they rejoined me

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Speaker 2: so good. I can see that the phones are lighting

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Speaker 2: up now. But you know, you know, the fun the

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Speaker 2: fun part about I got all these you know, got

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Speaker 2: these people on TV screaming about stock. They got these

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Speaker 2: different shows talking about the stock market going.

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Speaker 1: Up, going down.

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Speaker 2: And you know what is what is a term hot stock?

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Speaker 2: What is what is is that a term that's being

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Speaker 2: used on television only or that term is used within

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Speaker 2: your in your framework of doing business, the word hot stock?

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Speaker 3: You know, I get that all the time. You know,

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Speaker 3: I go out and people here and understand what I do,

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Speaker 3: and they're asking, you know, for a trip or to

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Speaker 3: you know, what are the hot stocks that I should

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Speaker 3: invest in? And I mean it's not a bad question, right,

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Speaker 3: but you know, I have to tell them that our

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Speaker 3: team primarily focuses on longer term investing, right, so we

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Speaker 3: don't necessarily recommend a stock or two for short term purchase.

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Speaker 3: Nor will we recommend just one or two for a portfolio.

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Speaker 3: You know, it's all about asset allocation. And if you

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Speaker 3: are starting if you're starting out and you cannot diversify

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Speaker 3: across different sectors. You know, so there are eleven different sectors,

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Speaker 3: you may not benefit from one or two stocks because

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Speaker 3: if those one or two two stocks go down, then

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Speaker 3: you've lost all your money, right, you know, So we

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Speaker 3: recommend instead of picking that one or two that you

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Speaker 3: look at an SMP index and you put your money

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Speaker 3: in that index fund. And so an index fund like

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Speaker 3: that tracks the s and P five hundred, all of

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Speaker 3: the major companies in the US in the sm P

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Speaker 3: five hundred. So that would be the recommendation for someone

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Speaker 3: versus one or two individuals.

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Speaker 1: And that's somebody showed how you doing sell y'all? Hear

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Speaker 1: you work? What's the hot stock? Not even tied to

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Speaker 1: your account.

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Speaker 2: They just want to want some advice and run around

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Speaker 2: the corner and open up their little app and just

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Speaker 2: start buying based on what you might recommend. And that's

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Speaker 2: the that's the danger of being in a professional environment

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Speaker 2: in a non professional environment.

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Speaker 1: But I know that.

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Speaker 2: You know, I've been involved personally investing ever since my

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Speaker 2: early thirties and and as I've gotten older. You know,

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Speaker 2: different people I've talked to have advised me, Okay, do

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Speaker 2: you want to be aggressive?

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Speaker 1: Do you want to be a moderate? Or you want

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Speaker 1: to be conservative?

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Speaker 2: And that's those the sectors you're talking about, are those

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Speaker 2: the way how you want to spend your money based

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Speaker 2: on your age.

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Speaker 3: So that's risk tolerance, veerant, aggressive, and people have to

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Speaker 3: understand their risk tolerance. Okay, So if you're the kind

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Speaker 3: that you can go to Vegas and get on the

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Speaker 3: the what is that will call you're you're you're putting

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Speaker 3: all your chips on black all right, right right?

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Speaker 4: Right there you go? There you go.

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Speaker 3: Then then you're aggressive, You're willing to take chances, and

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Speaker 3: you know, you just want to go with it. And

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Speaker 3: so someone like that would invest in one hundred percent equities,

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Speaker 3: one hundred percent stocks. You are more conservative, right and

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Speaker 3: you're only on that penny slot machine or that slot machine.

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Speaker 2: You're really conservative slot machine, I'll tell you right, you know.

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Speaker 3: So then we want to put more fixed income in

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Speaker 3: your portfolio, right, and then we want to put less

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Speaker 3: stocks or equities in your portfolio. But the sectors that

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Speaker 3: we're talking about are the different sectors that covers the market,

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Speaker 3: you know. So we have construction and materials, we have industrials,

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Speaker 3: we have healthcare, we have reach is a sector now,

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Speaker 3: and so that's what I'm talking about technology.

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Speaker 2: Okay, cool, well, Sadia. We have a call there from

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Speaker 2: Dave and Buckhead. Hey, Dave, how are you doing?

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Speaker 7: Hey, I'm doing pretty good. I'm doing pretty good. Dave.

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Speaker 2: We have Sonia Fears on the call. She's from Morgan

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Speaker 2: stan Lea is one of the financial advisors on the show.

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Speaker 1: You have a question for her, Yeah, thanks for putting

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Speaker 1: me through.

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Speaker 7: You know, when I turned my radio down, I caught

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Speaker 7: the piece of information that Sonya was passing on about

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Speaker 7: Penny Investors, and I was like, yeah, you know, I

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Speaker 7: got all excited. But you know, my my question was

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Speaker 7: really really geared towards say, a person who's middle age

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Speaker 7: or uh, you know that has some investments in in

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Speaker 7: in the stock market, you know, with particular and particular stock.

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Speaker 4: But then more so.

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Speaker 7: I thought about, you know, the beginning of the conversation

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Speaker 7: where you both were talking about how that information is

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Speaker 7: funneled down and I hate to use that word loosely,

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Speaker 7: but it's true in my case, funneled down about financial knowledge, training,

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Speaker 7: understanding how money works. You know, those resources unfortunately weren't

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Speaker 7: really available to me, you know. And so so having

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Speaker 7: said all that, you know, in terms of why black people,

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Speaker 7: uh are are I guess low end users of these services,

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Speaker 7: I think are because in my case, like I would

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Speaker 7: probably want to see an investment come uh quicker than

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Speaker 7: what I'm I think what I'm hearing is more long term?

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Speaker 7: Would you say that that's true? Like stocks, there are

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Speaker 7: more long term investments when you're dealing with somebody like

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Speaker 7: your fears, right, what you're what you're teaching.

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Speaker 3: Out and it's not just and thank you for that,

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Speaker 3: and thank you, you know, for even pointing out that

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Speaker 3: you're you're in the market, and and and that the

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Speaker 3: the information gets funneled down, you know, so for and

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Speaker 3: I want to start there, you know. So for a

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Speaker 3: lot of us are a lot of people that say,

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Speaker 3: I don't know anything about investing, I don't know anything

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Speaker 3: about the stock market. And I have to use myself

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Speaker 3: for as an example. My husband gets on me all

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Speaker 3: the time. He said, well, if you don't understand, right,

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Speaker 3: don't to just google it up and look it up.

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Speaker 3: The information is out there now, right, and so all

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Speaker 3: of us we can google it, we can look it

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Speaker 3: up online, and so it's much more available. And so

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Speaker 3: that's the thing I want to encourage people. You start googling,

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Speaker 3: you start looking up information, you start searching for financial seminars,

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Speaker 3: because there's a lot of free education out there on

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Speaker 3: investing and on the market. And so that's what people

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Speaker 3: need to start looking for the information and trying to

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Speaker 3: get the knowledge. That's where it starts.

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Speaker 6: We'll be right back with more Money Making Conversations Masterclass

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Speaker 6: with Rashaan McDonald. Now, let's return to Money Making Conversations

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Speaker 6: Masterclass with Rashaan McDonald.

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Speaker 2: Dave said something that I wouldn't say struggle nerve with me,

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Speaker 2: but it did you know about giving somebody your money

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Speaker 2: and then trying to get it back with the showing

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Speaker 2: shawing wrap bit a rapid increase in their money. Because

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Speaker 2: that's always the sentiment that you feel when you watch

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Speaker 2: the stock market, that people just put in money and

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Speaker 2: they get money back and they are happy and they celebrate.

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Speaker 2: That's the false sense of how stock the stock market

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Speaker 2: actually works.

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Speaker 1: Correct.

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Speaker 3: It really is what And I'm so glad you brought

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Speaker 3: that back up because that's that's a very important point

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Speaker 3: that Dave brought up and question that he asked. So

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Speaker 3: in terms of returning on your investment. Again, once you're

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Speaker 3: educated and you're comfortable, and you have your savings and

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Speaker 3: you're willing to get into the market, you have to

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Speaker 3: understand that you can't time the market right. So if

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Speaker 3: you invested say October or even November of last year,

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Speaker 3: we all heard that the markets were at all time highs, right,

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Speaker 3: and people are thinking, oh, a lot of people are

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Speaker 3: making money in the market. This is the time to

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Speaker 3: get in, right, So you get in. Then the market

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Speaker 3: are at all time highs. And so when it's at

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Speaker 3: all time highs, there's only one place for it to go,

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Speaker 3: and it's going to go down, right, And so we

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Speaker 3: were saying at the end of last year, we are

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Speaker 3: overdue for a correction in the market. We're overdue for

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Speaker 3: ten at least ten to fifty percent correction in the market.

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Speaker 3: We knew that. And so when you try to time

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Speaker 3: the market, you put your money in and you think

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Speaker 3: that by yeah, by March or you know, February next year,

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Speaker 3: I'm going to be rich because the market is at

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Speaker 3: all time highs. And you look at the market now

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Speaker 3: that that was down eight hundred points yesterday, and if

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Speaker 3: people are looking at their four to one case or

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Speaker 3: their retirement it's down significant. So this is the time

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Speaker 3: and this is where you know it's so you always

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Speaker 3: and this is something that we learn.

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Speaker 6: You go.

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Speaker 3: It's a contrarian theory. They said, you always go against

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Speaker 3: public sentiments because when the market is like this and

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Speaker 3: it's down so significantly, and there's all this volatility. People

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Speaker 3: are scared and they don't want to get in because

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Speaker 3: they say, oh, I'm going to lose all my money.

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Speaker 3: This is the time to get in. It is not

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Speaker 3: the time to get in when it's at all time

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Speaker 3: has because it's already gone up.

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Speaker 1: Wow.

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Speaker 3: So that's the thing, and it can happen overnight. You

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Speaker 3: have to be willing to leave it in there and

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Speaker 3: wait till next year.

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Speaker 2: This time, I want to get a call in right quick.

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Speaker 2: I know, at the end of the show. But Cynthia,

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Speaker 2: as she called in, sent there from Atlanta, how are

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Speaker 2: you doing?

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Speaker 1: Saent there? You have a question for Sonya.

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Speaker 4: Fears, Yes, I do. I want to just find out.

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Speaker 4: So I'm a middle aged person heading close to sixty.

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Speaker 4: My children are grown and gone now, and I'm wondering

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Speaker 4: is it too late to start? If not, where do

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Speaker 4: I start?

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Speaker 3: It is definitely definitely not too late. And if you're

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Speaker 3: saying you're close to sixty one, do you have a

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Speaker 3: financial plan? And two, I mean you're close to sixty

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Speaker 3: and we anticipate that you're going to live till ninety

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Speaker 3: ninety five.

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Speaker 5: That's thirty years.

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Speaker 3: Of investing and being in the market. And if we

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Speaker 3: put monies in the market now, regardless of how much

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Speaker 3: it is, I can show you and model out for

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Speaker 3: you what that would do for you in thirty years.

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Speaker 3: It's never too late. And so where you start.

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Speaker 1: Cynthia, I don't think Cynthio was ready for that.

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Speaker 2: I think centens, like really, Cithy didn't know you're gonna

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Speaker 2: live in ninety five.

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Speaker 1: See see you shocked her right there, Cince ninety five.

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Speaker 1: She knows something I don't know.

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Speaker 2: And if I gotta start, I gotta start investing, I

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Speaker 2: gotta get with my fold one k these.

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Speaker 3: Kids, right you know, she rather.

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Speaker 2: Is rather, she's ready to retire, she's ready to go something.

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Speaker 1: But she wasn't ready to hear she gonna live in

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Speaker 1: ninety five. I'm just let you know right right now,

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Speaker 1: signing that shocked her. She got real quired. She said,

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Speaker 1: ninety five.

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Speaker 2: Man, I'm invested in the stock market at ninety five.

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Speaker 2: But that's what I try to tell on this show,

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Speaker 2: because people they set age limit and age restrictions on

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Speaker 2: what they can do and what they're supposed to do.

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Speaker 1: Because at sixty, you're not retiring. You just living.

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Speaker 2: You continue to keep dreaming, keep investing in vacations, keep

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Speaker 2: investing in yourself more importantly, because what happens is when

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Speaker 2: you stop dreaming, when you stop investing in yourself, then

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Speaker 2: guess what it affects you physically? Mentally, you have no motivation.

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Speaker 2: So when you get the ninety five, you look ninety five,

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Speaker 2: you walk ninety five, you have ninety five year old money,

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Speaker 2: which usually if you didn't invest, you have nothing. And

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Speaker 2: so that means she's telling anybody who's listening, do not

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Speaker 2: think there's an age limbit. If you seventy you can

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Speaker 2: still invest. If you're eighty, you can still invest. But

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Speaker 2: it's the different approach to the investment, the different approach

440
00:26:15,440 --> 00:26:17,040
Speaker 2: to what you're trying to get out of it. What

441
00:26:17,200 --> 00:26:20,040
Speaker 2: is your financial plan? What is your angle? So Cynthia,

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00:26:20,320 --> 00:26:24,720
Speaker 2: she's telling you, yes, you can continue it.

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00:26:27,960 --> 00:26:30,120
Speaker 3: So Cynthia, give me a call so we could talk

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00:26:30,160 --> 00:26:31,120
Speaker 3: about what you can do.

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00:26:32,240 --> 00:26:33,800
Speaker 4: Yes, sounds great, There.

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00:26:33,640 --> 00:26:36,920
Speaker 1: You go sit see Citia. We revived Cynthia.

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00:26:37,440 --> 00:26:40,320
Speaker 2: She probably gonna go shopping now, she said, ninety five,

448
00:26:40,680 --> 00:26:45,159
Speaker 2: I gotta buy some new clothes. I know we have

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00:26:45,280 --> 00:26:47,720
Speaker 2: like a couple of minutes left. I want to squeeze

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00:26:47,720 --> 00:26:51,639
Speaker 2: in one question. Dividends stocks that have dividends tied to

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00:26:51,680 --> 00:26:53,240
Speaker 2: it is that advantageous.

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00:26:55,160 --> 00:27:00,440
Speaker 3: Absolutely, you find these days that you get more income

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00:27:00,600 --> 00:27:04,240
Speaker 3: from dividends than you do from bonds, from the yield

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00:27:04,320 --> 00:27:07,520
Speaker 3: and bonds. So traditionally a lot of people invested in

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00:27:08,000 --> 00:27:11,760
Speaker 3: bonds or fixed income because they would get income. That's

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00:27:11,800 --> 00:27:14,800
Speaker 3: why it's called fixed income. They would get a set

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00:27:14,880 --> 00:27:20,440
Speaker 3: amount of income from bonds. And the world's changed. Where

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00:27:20,520 --> 00:27:26,280
Speaker 3: you get income these days is from stocks, dividend pain stocks,

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00:27:26,480 --> 00:27:30,800
Speaker 3: and you can earn more income annually from dividend pain

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00:27:30,880 --> 00:27:35,000
Speaker 3: stocks these days from them fixed income and bonds.

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00:27:35,400 --> 00:27:37,600
Speaker 2: Well, I'm going to tell you, Sonya, and you are

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00:27:37,720 --> 00:27:40,280
Speaker 2: are amazing. I hope you find time to come back

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00:27:40,320 --> 00:27:43,600
Speaker 2: on money making conversations, masterclass. I know for a fact

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00:27:43,720 --> 00:27:46,880
Speaker 2: you change Cynthia's life. Okay, she's gonna live eighty five.

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00:27:47,359 --> 00:27:49,119
Speaker 2: And Dave, now he's going to get off the penny

466
00:27:49,160 --> 00:27:52,119
Speaker 2: slot machine and realize that the money's not going to

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00:27:52,200 --> 00:27:54,399
Speaker 2: come back tomorrow. It's going to come back over May

468
00:27:54,560 --> 00:27:57,359
Speaker 2: well six month period. But more important, you told everybody

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00:27:57,720 --> 00:28:02,560
Speaker 2: when the stock is on fire, eight wait because it's

470
00:28:02,560 --> 00:28:03,400
Speaker 2: gonna calm down.

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00:28:03,480 --> 00:28:05,920
Speaker 1: And when it calms down, slide down.

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00:28:06,040 --> 00:28:08,080
Speaker 2: Catch it on the slide down, don't catch it on

473
00:28:08,119 --> 00:28:10,560
Speaker 2: the go up, because the go up is when you

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00:28:10,600 --> 00:28:13,679
Speaker 2: want your money to been been put in at the

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00:28:13,840 --> 00:28:16,240
Speaker 2: slide down. And so again I want to thank you

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00:28:16,320 --> 00:28:18,240
Speaker 2: for taking the time of coming on Money Making Conversations

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00:28:18,320 --> 00:28:21,680
Speaker 2: master Class. And again you were fantastic. And next time,

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00:28:21,720 --> 00:28:24,400
Speaker 2: bring your daughter, bring your daughter on, come in studio real.

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00:28:24,960 --> 00:28:28,479
Speaker 3: Okay, absolutely, it was my absolute pleasure. Sean, thank you

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00:28:28,600 --> 00:28:30,040
Speaker 3: so much for having me on.

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Speaker 1: I appreciate it.