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Speaker 1: My guests on Your Fears, Son Your Fears, let me

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Speaker 1: look background and I say that the very top of

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Speaker 1: the show. Financial Advisor and Global Sports and Entertainment Director

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Speaker 1: with Morgan Stanley. She began working in the financial services

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Speaker 1: industry in two thousands. Then she joined Bank of America

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Speaker 1: Mary Lynch in two thousand six. So if you're have

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Speaker 1: any phone calls that you want to make, this is

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Speaker 1: the time to make those phone calls, she assinces, transition

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Speaker 1: to Morgan Stanley, where she is one of the one

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Speaker 1: of the fewd and two percent of Morgan Stanley's Financial

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Speaker 1: advisor to obtain their Global Sports and Entertainment Director of

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Speaker 1: Destination as of January of this year. Please work with

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Speaker 1: money Making Conversation master Class, Sun your Fears? How are

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Speaker 1: you gonna sign you? Good evening? Good evening, Rashan, thank

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Speaker 1: you for helping me? Well, well, thank you. Well. You

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Speaker 1: know I think that with gas prices, you know, in

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Speaker 1: some areas going over five dollars, a lot of people

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Speaker 1: I want to know what's going on with their money.

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Speaker 1: I guess, uh, do you get Are you getting the

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Speaker 1: phone calls that you're getting now different from the phone

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Speaker 1: calls that you got doing the pandemic they are and

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Speaker 1: and the reason being, um, the reason why they're different.

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Speaker 1: Of course, you know, we we have the pandemic and

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Speaker 1: and and then we had unrest and you know with

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Speaker 1: UH with police and and now we have a war. UM,

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Speaker 1: and the tensions in Russia and Ukraine. UM. For a

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Speaker 1: lot of us, UM is different. And so people are nervous.

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Speaker 1: There's a lot of anxiety. And the calls UM although similar,

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Speaker 1: because there were anxieties there. UM, these anxieties are unknown

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Speaker 1: for a lot of people. So they are a little different. Yeah,

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Speaker 1: because our reason you can say that because you look

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Speaker 1: at television. It's let me just answer myself the question

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Speaker 1: to myself. For instance, when when the civil rest was here,

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Speaker 1: when the George Floord situation, the pandemic is here. When

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Speaker 1: I walked out my front door, I had to deal

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Speaker 1: with either wearing a mask or not going out in

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Speaker 1: the front door, I had to deal with worrying about

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Speaker 1: the police, the police where they when they stopped me,

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Speaker 1: because I will stop several times. One was because my

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Speaker 1: tag was expired. I was nervous. Whereas the war, I

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Speaker 1: can just turn the TV off. I can ignore it

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Speaker 1: in the sense even though it's going on. But that

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Speaker 1: ignoring still doesn't mean it's not impacting me. Because my

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Speaker 1: gas I went to fill up yesterday and I looked

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Speaker 1: down it was like five dollars and thirteen cents because

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Speaker 1: I used premium gas in my car, and I was

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

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Speaker 1: on TV they only give you the lower's price gas,

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Speaker 1: the regular premium that the regular gases. So but there's

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Speaker 1: gas out there in some places five and six dollars

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Speaker 1: a gallon. But in time, that also tells people who

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Speaker 1: because you deal with people on retirement accounts, you deal

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Speaker 1: with people who don't know if they can take their

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Speaker 1: money in or redirect their money. And we're always talking

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Speaker 1: about closing the black well cap. So you have a

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Speaker 1: lot of questions to come to you. The first question

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Speaker 1: I'm gonna I'm gonna ask you what is the wealthcap?

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Speaker 1: The black wealthcap? Is there any possibility that being closed

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Speaker 1: in my generation? And if so, how can that achieve?

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Speaker 1: That's an excellent question. Um. It's something that you hear

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Speaker 1: a lot more younger UM people talk about, which which

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Speaker 1: is very very encouraging to me. UM. And and really

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Speaker 1: by having the door open ones one UM often is

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Speaker 1: the greatest component to increase the black dollar and wealth

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Speaker 1: in the black community. UM. Education UM is another way, UM.

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Speaker 1: What we what we need is more people who look

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Speaker 1: like us to understand the different components of building wealth.

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Speaker 1: And and that's where we start, UM, to really understand

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Speaker 1: how you build wealth. Because when you understand, we can

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Speaker 1: work towards closing the gap. UM. You know, having the

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Speaker 1: opportunities really to talk to youth in an engaging way

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Speaker 1: UM and to not only focus on finance, but promote

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Speaker 1: financial literacy UM, so that we can shed light on

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Speaker 1: the mindset and the discipline needed to become wealthy. Because

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Speaker 1: it's discipline just just like the same kind of discipline

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Speaker 1: that it takes. And I know you're early riser to

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Speaker 1: wake up early year, to wake up early. And for

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Speaker 1: those who can do that and have the discipline to

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Speaker 1: regardless of what's going on, to get their rest so

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Speaker 1: they can start early and they can have a full day,

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Speaker 1: the discipline to exercise every day. It's it's the discipline

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Speaker 1: to really understand and and have a mindset to to

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Speaker 1: to be intentional about understanding what your money can do

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Speaker 1: for you and understanding what you need to do to

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Speaker 1: allow your money to work for you, you know, and

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Speaker 1: and when I thank you for that information, he just

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Speaker 1: told us. Um, when you was talking to your opening credits,

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Speaker 1: we talked about when you was at Merrill Lynch Um,

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Speaker 1: you created the first African American mother daughter wealth management

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Speaker 1: team with your daughter. So I'm assuming that the conversations

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Speaker 1: and the approaches were different as the people you were dealing.

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Speaker 1: I wanted to say, in your age group or the

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Speaker 1: group that came to you for financial advice and the

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Speaker 1: group that came to her for financial vice, what what

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Speaker 1: was the Was there any common denominators? Are they were

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Speaker 1: just extreme people looking for extreme different different approaches to

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Speaker 1: their financial strategies. So the common denominator and that's what

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Speaker 1: you see now and that's why I'm encouraged about the

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Speaker 1: wealth gap closing. Is the the fact that people UM

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Speaker 1: that are my age or people that are looking towards

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Speaker 1: retirement or putting together and the state plan, or people

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Speaker 1: that are my daughter's age, UM, they all want and

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Speaker 1: and need guidance. You know. That's that's the common denominator.

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Speaker 1: People that don't do this every day UM and is

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Speaker 1: not investing people's money and not putting together financial plans

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Speaker 1: UM for people so that they have that guide to

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Speaker 1: help them through life and not have to worry about it.

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Speaker 1: They really don't know UM, you know. So we we

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Speaker 1: have physicians, and we have UM athletes, and we have

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Speaker 1: UM business owners and and they they are very good

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Speaker 1: at what they do, but they don't do this every day.

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Speaker 1: And if they don't do this every day, they don't

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Speaker 1: really have that roadmap UM at their fingertips to help

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Speaker 1: UM guide them through knowing what their numbers are and

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Speaker 1: knowing that based on the seven life priorities, what the

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Speaker 1: numbers UM look like, that will make that retirement plan successful.

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Speaker 1: And so that's a common denominator that UM young or

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Speaker 1: middle age or older need the knowledge and need the

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Speaker 1: guidance to be able to fulfill their goals and have

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Speaker 1: an effective plan towards building wealth. We'll be right back

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Speaker 1: with more Money Making Conversations Masterclass with Rushan McDonald. Now

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Speaker 1: let's return to Money Making Conversations Masterclass with Rashan McDonald Sonya,

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Speaker 1: where aren't more my knowledge is involved in this in

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Speaker 1: stock activity? And I thought about it of course while

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Speaker 1: you're on the break, UM, and why are people sitting

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Speaker 1: on the sidelines as you ask. And I think it's

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Speaker 1: important UM for a lot of people to identify while

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Speaker 1: they're nervous. UM. So we know there's a lot of

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Speaker 1: anxiety now because of the tension with Russia and Ukraine.

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Speaker 1: But from from there, you know, people UH identifying why

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Speaker 1: they're nervous. They need to look at the intended use

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Speaker 1: of their assets UM and and what they plan to

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Speaker 1: invest in and and if you're clear on your goals

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Speaker 1: and you're confident on your timeline and you understand that

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Speaker 1: that there are highs and lows in investing UM, you

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Speaker 1: really should be fine. A lot of people are nervous

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Speaker 1: because they don't know and they're not being prepared and

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Speaker 1: and so working with a financial professional, so you understand

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Speaker 1: that the market has helps and flows and and that

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Speaker 1: over the past one hundred years, and you can physically

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Speaker 1: look at the charts and and look at all of

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Speaker 1: the many crisis is that's occurred over the past eight

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Speaker 1: to one hundred years and understand that even though those

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Speaker 1: crisis is occurred, the market still went up. And and

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Speaker 1: so really understanding I think that will take away some

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Speaker 1: of that nervousness and really being prepared. I think will

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Speaker 1: help people now in terms of why minorities are not

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Speaker 1: in the stock market. UM, I really don't think that's

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Speaker 1: necessarily the case anymore. I I really see a lot

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Speaker 1: more minorities getting into investing UM, but working with the

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Speaker 1: financial professional not as many. You hear about a lot

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Speaker 1: of younger folks now they're getting involved with cryptocurrency, or

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Speaker 1: they want to start investing, or you know, they have

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Speaker 1: a Disney stock UM and things like that. So I

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Speaker 1: think it's changing. It's just that we need to get

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Speaker 1: more UM involved and and and get to our goal

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Speaker 1: where we have a predominant amount of us UM involved

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Speaker 1: in investing. Let me ask you this question. So as

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Speaker 1: you say the word cryptocurrency, I've had experts on on

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Speaker 1: my show talking about cryptocurrency, talking about bitcorn, talking about stocks.

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Speaker 1: There's cryptocurrency and bitcrs. Is that following your wheelhouse? So

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Speaker 1: UM many brokerage firms, including Mortgage Stanley UM really shy

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Speaker 1: away from offering cryptocurrencies UM to our clients. Neil UM

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Speaker 1: we were actually the first brokerage UM firm on Wall

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Speaker 1: Street to offer a bitcoin on our platform. But you

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Speaker 1: have to be an accredited investor to be able to

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Speaker 1: buy it. So UM for for us, you have to

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Speaker 1: have a million dollars with us, and the minimum you

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Speaker 1: can put in it is fifty And again we we

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Speaker 1: set the criteria very high because the potential for loss

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Speaker 1: is tremendous and so it's the potential for gain, but

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Speaker 1: that that volatility. A lot of people that have UM

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Speaker 1: you know, their retirement funds, we discourage them from putting

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Speaker 1: that into it. You have to have significant disposable assets

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Speaker 1: before we would encourage stuff. Well, okay, so that means

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Speaker 1: that that let me just slow it down because you know,

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Speaker 1: a million dollars. You probably got a lot of people

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Speaker 1: hung up on my show right there. But I can't

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Speaker 1: even listen to this guy. I don't have a million dollars,

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Speaker 1: you know, because of the fact that you know, we're

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Speaker 1: talking about, you know, investing, and so they say a

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Speaker 1: small amount of money, I want to invest a small

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Speaker 1: amount of money. Is it worth it? And let me

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Speaker 1: ask that question because you know, as a child, you

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Speaker 1: know to just put twenty dollars in the bank, but

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Speaker 1: a hundred dollars in a a bank. What is a starting

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Speaker 1: point for investing or savings and creating a relationship with

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Speaker 1: a person like you are. Should we just go to

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Speaker 1: an app like a robin Hood type app type that

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Speaker 1: you get started. Can they come to you with a

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Speaker 1: small amount of money to invest and start there their

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Speaker 1: road their journey to financial success. And so I want

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Speaker 1: to say that yes, you can start with a small

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Speaker 1: amount of money UM to invest. The criteria and and

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Speaker 1: I give this to UM clients across the board, UM,

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Speaker 1: children of my clients. UM. We have to start with savings,

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Speaker 1: right and for a young adult that's starting out UM

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Speaker 1: and they're looking to buy their own, UM, their first

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Speaker 1: car and potentially save to get their first home. Do

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Speaker 1: you have an emergency fund? You know? I always start there.

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Speaker 1: And the criteria to establish an emergency fund. If you're single,

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Speaker 1: it's six months times your monthly expenses your electric, your rent,

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Speaker 1: your gas, your whatever. Your monthly expenses are six times

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Speaker 1: that amount that should be your emergency fund. If you're

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Speaker 1: married or you're a couple, is three times your monthly expenses.

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Speaker 1: So once you've establed, is your emergency fund, then the

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Speaker 1: moneys that you have left over, that's what you used

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Speaker 1: to invest, and you start where you are. And if

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Speaker 1: it's a hundred dollars a month, that's where you start.

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Speaker 1: And if it's a thousand or five thousand, that's where

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Speaker 1: you start. But I definitely encourage at any level you

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Speaker 1: should start. Okay, cool, I think they're back on every

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Speaker 1: but I think they've rejoined me. The hundred dollars. They

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Speaker 1: rejoined me so good. I can see that the phones

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Speaker 1: are lightening up now. But you know, you know, the

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Speaker 1: fun the fun part about you got all these you know,

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Speaker 1: got these people of TV screaming about stock, and they

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Speaker 1: got these different shows talking about the stock market going

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Speaker 1: up going down. And you know, what is what is

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Speaker 1: a you term hot stock? What is what is is

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Speaker 1: that a term that's being used on television only or

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Speaker 1: that term is used within your in your framework of

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Speaker 1: doing business, the word hot stock? You know, I get

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Speaker 1: that all the time. Um. You know, I I go

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Speaker 1: out and people are um here and understand what I do,

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Speaker 1: and they're asking, you know, for a champ or to

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Speaker 1: you know, what are the hot stocks that I should

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Speaker 1: invest in? And and I mean it's not a bad question, right, um,

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Speaker 1: but you know I have to tell them that our

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Speaker 1: team primarily focuses on longer term investing, so we don't

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Speaker 1: necessarily recommend a stock UM or two for short term purchase.

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Speaker 1: Nor will we recommend just one or two for a portfolio.

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Speaker 1: You know, it's it's all about asset allocation. And if

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Speaker 1: you are starting if you're starting out and you cannot

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Speaker 1: diversify across different sectors, you know, so there's eleven different sectors,

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Speaker 1: you may not benefit um from one or two stocks

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Speaker 1: because if those one or stocks go down, then you've

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Speaker 1: lost all your money, right, you know, So we recommend

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Speaker 1: instead of picking that one or two that you look

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Speaker 1: at of SMP index and and you put your money

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Speaker 1: in that index fund. And so an index fund like

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Speaker 1: that tracks the SMP five hundred. All of the major

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Speaker 1: UM companies UM in the US in the SMP five hundred.

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Speaker 1: So that would be the recommendation for someone versus one

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Speaker 1: or two individuals and somebody tapping your showed how you

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Speaker 1: don't saw y'all here, You work up the hot stock

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Speaker 1: not even tied to your account. They just want to

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Speaker 1: want some advice and run around the corner and opened

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Speaker 1: up their little apple, just started buying based on what

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Speaker 1: you might recommend. And that's the that's the danger of

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Speaker 1: being in a professional environment. In a non professional environment.

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Speaker 1: But I know that. You know, I've been involved personally

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Speaker 1: investing ever since my early thirties and and as I've

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Speaker 1: gotten older. You know, different people I've talked to have

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Speaker 1: advised me, Okay, do you want to be aggressive? Do

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Speaker 1: you want to be a moderate, or you want to

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Speaker 1: be conservative? And that's those the sectors you're talking about,

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Speaker 1: are those the way how you want to spend your

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Speaker 1: money based on your age? So, um, that's risk tolerance moderate, aggressive,

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Speaker 1: And people have to understand their risk tolerance. Now. So

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Speaker 1: if you're the kind that you can go to Vegas

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Speaker 1: and um, get on the the what is that well

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Speaker 1: called you're you're you're putting all your chips on black

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Speaker 1: all right, right, you go? Then then you're aggressive. You're

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Speaker 1: willing to take chances and you know, you just want

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Speaker 1: to go with it. And so someone like that would

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Speaker 1: invest in a hundred percent equities, a hundred percent stocks.

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Speaker 1: You are more conservative, right and you're only on that

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Speaker 1: penny slot machine or that you really conservative penny slot machine. Hey,

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Speaker 1: you know, so we want to put more fixed income

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Speaker 1: in your portfolio, right, and then we want to put

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Speaker 1: less um stocks or equities in your portfolio. But the

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Speaker 1: sectors that we're talking about are the different sectors that

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Speaker 1: covers the market. You know, so we have construction and materials,

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Speaker 1: we have UM industrials, we have healthcare. We have reached

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Speaker 1: is a sector now and and so that's what I'm

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Speaker 1: talking technology. Okay, cool, Well, say we have a call

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Speaker 1: in from David Buckhead. Hey, Dave, how you doing. Hey,

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Speaker 1: I'm doing pretty good. I'm doing pretty good. We have

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Speaker 1: sign your fears on the call. She's from MORGANE. Stanley

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Speaker 1: is one of the financial advisors on this show. You

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Speaker 1: have a question for her. Yeah, thanks for putting me through. Um.

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Speaker 1: You know, when I turned my radio down, I caught

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Speaker 1: the piece of information that Sawny was passing along about

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Speaker 1: Penny investors, and I was like, yeah, you know, I

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Speaker 1: got all excepted. But you know, my my question was

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Speaker 1: really really geared towards say, a person whose middle age

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Speaker 1: or uh, you know, if that has some investments in

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Speaker 1: in in the stock market, you know, with particular and

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Speaker 1: particular stock. But then more so I thought about, you know, um,

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Speaker 1: the beginning of the conversation where you both were talking

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Speaker 1: about how that information is funneled down and I hate

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Speaker 1: to use that word loosely, but it's true in my case,

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Speaker 1: funneled down about financial knowledge, training, understanding how money works. Um,

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Speaker 1: you know, those resources unfortunately weren't really available to me,

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Speaker 1: you know. And um, so so it's having said all that, um,

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Speaker 1: you know, in terms of why black people are are

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Speaker 1: I guess low end users of these services, I think

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Speaker 1: are because in my case, like I would probably want

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Speaker 1: to see an investment come uh quicker than what i'm

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Speaker 1: I think what I'm hearing is more long term. Would

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Speaker 1: you say that that's true? Like stocks, they're more long

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Speaker 1: term investments when you're dealing with somebody like so on

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Speaker 1: your fears right what you're what you're teaching now and

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Speaker 1: it's not just and thank you for that, um and

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Speaker 1: thank you, um, you know for even pointing out that

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Speaker 1: you're you're in the market, um and and and that

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Speaker 1: the the information gets funneled down, you know, so for

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Speaker 1: and I want to start there, you know. So for

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Speaker 1: a lot of us are a lot of people that say,

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Speaker 1: I don't know anything about investing, I don't know anything

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Speaker 1: about the stock market. And I have to use myself

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Speaker 1: for as an example. My husband gets on me all

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Speaker 1: the time. He said, well, if you don't understand why

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Speaker 1: I don't you just google it up and and and

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Speaker 1: and look it up. The information is out there now,

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Speaker 1: right and so all of us we can google it,

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Speaker 1: we can look it up online, and so it's it's

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Speaker 1: much more available. And so that's the thing I want

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Speaker 1: to encourage people. You you start googling, you start looking

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Speaker 1: up information, you start searching for financial seminars, because there's

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Speaker 1: a lot of free education out there on investing and

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Speaker 1: on the market. And so that's what people need. To

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Speaker 1: start looking for the information and trying to get the knowledge.

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Speaker 1: That's where it starts. We'll be right back with more

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Speaker 1: Money Making Conversations Masterclass with Rashan McDonald. Now let's return

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Speaker 1: to Money Making Conversations Masterclass with Rashan McDonald. Dave said

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Speaker 1: something that I wouldn't say struggle nerve with me, but

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Speaker 1: it did, you know about giving somebody your money and

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Speaker 1: then trying to get it back with the showing showing

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Speaker 1: rap bit um a rabbid increasing their money, Because that's

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Speaker 1: that's always the sentiment that you feel when you watch

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Speaker 1: the stock market, that people will just put in money

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Speaker 1: and they get money back and they are happy and

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Speaker 1: they celebrate. That's the false sense of how stock the

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Speaker 1: stock market actually works. Correct, it really is? Um? What um?

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Speaker 1: And I'm so glad you brought that back up because

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Speaker 1: that's that's a very important point that that day brought

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Speaker 1: up and question that he asked. So in terms of

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Speaker 1: returning on your investment. Again, UM, once you're educated and

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Speaker 1: you're comfortable, and you have your savings and you're willing

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Speaker 1: to get into the market, you have to understand that, Um,

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Speaker 1: you can't time the market right. So if you invested,

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Speaker 1: say October or even November of last year, we all

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Speaker 1: heard that the markets were at all time highs, right,

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Speaker 1: and people are thinking a lot of people are making

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Speaker 1: money in the market, this is the time to get in, right,

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Speaker 1: So you get in. Then the market are at all

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Speaker 1: time highs. And so when it's at all time highs,

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Speaker 1: there's only one place for it to go, and it's

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Speaker 1: gonna go down, right. And so we we we were

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Speaker 1: saying at the end of last year, we are overdue

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Speaker 1: for a correction in the market. We're overdue for a

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Speaker 1: ten at least ten to fift correction in the market.

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Speaker 1: We knew that. And so when you try to time

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Speaker 1: the market, you put your money in and you think

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Speaker 1: that by yeah, by March or you know, February next year,

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Speaker 1: I'm gonna be rich because the market is at all

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Speaker 1: time highs. And you look at the market now that

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Speaker 1: that was down eight hundred points yesterday and people are

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Speaker 1: looking at their four one case or their retirement it's

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Speaker 1: down significant. So this is the time and this is

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Speaker 1: where you know it's so you always um and this

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Speaker 1: is something that we learned. You go it's it's a

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Speaker 1: contrarian theory. They said, you always go against public sentiments

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Speaker 1: because when the market is like this and it's down

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Speaker 1: so significantly and there's all this volatility, people are scared

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Speaker 1: and they don't want to get in because they say, oh,

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Speaker 1: I'm gonna lose all my money. This is the time

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Speaker 1: to get in. It is not the time to get

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Speaker 1: in when it's at all time has because it's already

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Speaker 1: gone up. So so so that's the thing, and it

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Speaker 1: can happen overnight. You have to be willing to leave

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Speaker 1: it in there and wait till next year the time something.

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Speaker 1: I want to get a call in right quick, I

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Speaker 1: know it then the show but sent here as she

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Speaker 1: called in, sent there from Atlanta, how you doing, samething?

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Speaker 1: You have a question for sign your fears. Yes, I do.

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Speaker 1: I want to just find out. So I'm a middle

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Speaker 1: dage person heading close to sixty. Uh, my children are

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Speaker 1: grown and gone now, and I'm wondering is it too

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Speaker 1: late to start? If not, where do I start? It

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Speaker 1: is definitely definitely not too late. Um And if you're

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Speaker 1: saying you're close to sixty, um one, do you have

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Speaker 1: a financial plan and and too, I mean you're close

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Speaker 1: to sixty and we anticipate that you're gonna live till

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Speaker 1: that's thirty years of investing and being in the market.

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Speaker 1: And if we put Moneys in the market now, regardless

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Speaker 1: of how much it is, I can show you a

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Speaker 1: model out for you what that would do for you

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Speaker 1: in thirty years. It's never too late. And where you start, Cynthy,

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

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Speaker 1: really Synthy didn't know you're gonna live the ninety five.

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Speaker 1: See she didn't say you shocked her right there. She

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Speaker 1: knows something I don't know. And if I gotta start,

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Speaker 1: I gotta start investing. I gotta get with my phone

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Speaker 1: one k kids. You know she's ready to retire, She's

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Speaker 1: ready to go something but she wasn't ready here she

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Speaker 1: gonna live the ninety five. I'm just let you know,

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Speaker 1: right right now side that shocker, she got real quiet.

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Speaker 1: She said, ninety five. Man, I'm invested in the stock

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Speaker 1: market at naty five. But that but that's what I

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Speaker 1: try to tell on this show because people they set

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Speaker 1: age limited age restrictions on what they can do and

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Speaker 1: what they're supposed to do, because at sixty, you're not retiring,

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Speaker 1: you're just living. You continue to keep dreaming, keep investing

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Speaker 1: in vacations, keep investing in yourself more importantly, because what

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Speaker 1: happens is when you stop dreaming, when you stop investing yourself,

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Speaker 1: then guess what it affects you physically mentally, you have

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Speaker 1: no motivation. So when you get the ninety five, you

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Speaker 1: look ninety five, you walk ninety five, You have ninety

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Speaker 1: five year old money which you live. You didn't invest,

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Speaker 1: You have nothing. And so that means she's telling anybody

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Speaker 1: who's listening, do not think there's an age limit. If

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Speaker 1: you seventy, you can steal invest. If you eat, you

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Speaker 1: can steal invest. But it's the different approach to the investment,

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Speaker 1: the different approaches. What you're trying to get out of it.

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Speaker 1: What is your financial player? What's your angle? So Cynthia,

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Speaker 1: she's telling you, yes, you can continue. So Cynthia, give

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Speaker 1: me a call so we could talk about what you

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Speaker 1: can do. Yes, sounds great. There you go. Sit there.

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Speaker 1: We revived Cynthia. She's probably gonna go shopping now. She said,

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Speaker 1: I gotta buy some new clouds. It was I know,

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Speaker 1: we have like a couple of minutes left. I want

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Speaker 1: to squeeze in one question. Dividends, stocks that have dividends

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Speaker 1: tied to it? Is that advantageous? Absolutely? Um. You find

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Speaker 1: that these days that you get more income from dividends

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Speaker 1: than you do from bonds, from the yield and bonds.

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Speaker 1: So traditionally a lot of people invested in in bonds

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Speaker 1: are fixed income because they would get income. That's why

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Speaker 1: it's called fixed income. They would get a set amount

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Speaker 1: of income from bonds and and and the world's changed.

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Speaker 1: Where you get income these days is from stocks, dividends

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Speaker 1: paying stocks. And you can earn more income annually from

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Speaker 1: dividend paying stocks these days from them fixed income and bonds. Well,

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Speaker 1: I'm gonna tell you, Stunia, you are amazing. I hope

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Speaker 1: you have find time to come back on Money Making

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Speaker 1: Conversations Masterclass. I know for a fact you changed Cynthia's life. Okay,

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Speaker 1: she she's in a little matey five and Dave, now

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Speaker 1: he's gonna get off the penny slot machine and realize

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Speaker 1: that the money is not gonna come back tomorrow. It's

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Speaker 1: gonna come back over maybell a six month period. But

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Speaker 1: more important, you told everybody when the stock is on

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Speaker 1: fire eight because it's gonna calm down. And when it

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Speaker 1: calms down, slide down. Catch it on the slide down,

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Speaker 1: don't catch it on the go up, because the go

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Speaker 1: up is when you want your money that I've been

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Speaker 1: been put in at the slide down. And so again

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Speaker 1: I want to thank you for taking the kind of

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Speaker 1: coming on money Making Conversations Masterclass. And again you were fantastic.

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Speaker 1: And next time, bring your daughter, bring your daughter on

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Speaker 1: come in studio. I will absolutely It was my absolute pleasure. Sean,

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Speaker 1: thank you so much for having me on. I appreciate