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Welcome to Financial Issues with Shannabert,
where we join reality with truth, helping
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you to make the most of your
money by honoring God with your investments.
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Now here's your host, Shannabert.
Well, good morning, friends, welcome
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back to Financial Issues. I'm Seth
Yudinski here. Shanna is on with us
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right now, folks, but we
have a little bit of technical issues,
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so I'm going to take us through
the start of the show here. Thank
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you all for joining us this morning. It is Tuesday, October the seventeenth,
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twenty twenty three, and we are
live today. So i'd encourage you
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to get your call cued up right
now. Phone lines are open. Do
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not fret. You will not talk
to me. I mean, I'll say
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hello to you obviously, but you
won't talk to me. Shanna is on,
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but we just have a little bit
of technical issues that we're trying to
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figure out right now. So as
she's getting those worked out, I'm going
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to open our show here. So
if you're watching on social media or if
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you're watching on the website, make
sure to say hello. We always love
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to interact with you on social media, and of course, the best way
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to talk to us is to cue
your call up, which you can do
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right now. It's six ten three
six three eleven ten six ten, three
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six three eleven ten for our TV
audience. I apologize. I always throw
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up our little titles there at the
bottom of the screen, but since I'm
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talking to you right now, it's
rather difficult to do that, So I'll
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get those up as soon as Shanna
is on. But grateful for you all
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this morning, and happy to be
here with you. Let's take a quick
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look here, friends at some of
the things that we have going on on
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the show today. For those of
you who are partners, we do have
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a conference call coming up this Thursday
at noon Central time. This Thursday,
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noon Central time, it's going to
be one o'clock Eastern time, a partner
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conference call. If you are not
a partner of the ministry, now's a
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great time to become one. Let's
go to Financial Issues dot org and click
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become a partner at is very cost
effective. Those partner conference calls, folks,
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really give an excellent sense of kind
of where the ministry is going,
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and it is an opportunity for you
to be able to ask questions to Shanna
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and get answers that you might not
be able to Usually we get on the
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air, So if you tune into
that partner conference call, it's a great
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opportunity to get to do that.
If you are a partner, you'll get
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an email from Pat and she will
give you the access code and all that
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stuff that you need to get onto
it. So, folks, it looks
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like we may have Shanna back with
us. I'm going to give this a
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shot here, Shanna, can you
hear about this last? It's the worst
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thing that happens, isn't it?
When it's like right before the show starts,
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technical issues happen, but we're powered
through it from just fell down.
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Yeah, I had a dream last
night that I was on the live on
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the air with a caller and I
was feeling bad, and all of a
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sudden, my voice just totally went
out. Yeah, when you're on radio,
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that's not the best thing, that's
right. Yeah. Okay, So
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I'm not sure what all you said. I think I heard you talking about
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the conference all good? That?
Yeah, that was it? Just the
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conference call? So did you do
the stewardship verst I did not know that
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is all you? All right?
The stewardship versus the day comes from first
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Timothy six and ten, For the
love of money is the root of all
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kinds of evil. Some people eager
for money have wandered from the faith and
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have pierced themselves with many griefs.
Well, we'll touch on that a little
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bit more later in the show,
but let's shift gears to something a little
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bit less important, like some economic
news. Well, the Dow was up
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yesterday point nine to three percent,
the S and P was up over one
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percent, and the Nasdaq was up
about one point two percent. The pre
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markets last time I looked, I
think we're in pretty positive territory. We've
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got We're in the thick of earning
season right now. We've got about ten
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to eleven percent of the S and
P five hundred companies reporting this week,
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so lots of news is going to
come out. We had posted some commentary
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on the partner website for partners to
be a little bit cautious during earning season.
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That doesn't mean, you know,
abandon everything, but you know,
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just just take caution. There tends
to be a little bit more volatility that
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happens when companies report, either volatility
to the upside because companies did well,
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or volatility to the downside because they
missed, maybe missed their earnings report.
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So if you're building a portfolio and
it's time to put some money to work,
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just go in and search for when
they release their earnings. Make sure
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that that it's not about to happen
in the next couple of days, and
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you should be fine. So retail
sales numbers came out this morning right before
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the show started. September came in
stronger than expected, showing that consumers just
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won't quit spending. So spending as
stage strong in September. August was even
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revised a little bit higher, and
it wasn't just on higher gasoline prices.
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So took a look at the CME
FED Watch tool for December November. Pretty
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much a given that the Fed's not
going to raise raids, December inched a
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little bit higher probability that the Fed
would increase would take advantage of what they
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kept on reserve as possibly two more
rate hikes before the end of this rate
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hikes cycle. I don't think that
they should do it. I say that
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quite a bit. But earnings season
is in full swing this week and started
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last week. Last week, the
big banks, some of the big banks
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reported JP Morgan Wells, Fargo,
and City Group all reported strong earnings last
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week. None of those are biblically
responsible for those of you who are following
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along with our strategy. But the
big diversified banks are expected to post gains
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of around nine point are average about
nine point one percent, up from a
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two point nine estimate on September the
thirtieth, so they're expected to come in
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strong. Bank of America and Goldman
Sachs reported this morning, and they too
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reported strong top and bottom line beats. Regional banks, on the other hand,
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we had pan C Bank report last
week, but we have a slew
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of other smaller regional banks that are
going to be reporting short and short order
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and they are forecasted to endure a
twenty six percent drop, So be careful
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if you own some of those regional
banks. We do have one on the
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by list, so proceed with caution
if you do go there, that should
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be for someone who has a pretty
good risk appetite. So we're expecting loan
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volume growth to disappoint because higher and
rising interest rates are putting a damper on
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loan activity as well as uncertain economic
environment for businesses. So I expect to
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hear more talk about credit quality during
the analyst cause, especially as it relates
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to office real estate. So we've
got a lot of office commercial real estate
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that's coming their loans are coming due. It's a much much higher interest rate
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environment now than it was whenever they
took out those loans. So anything that
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increases your cost of doing business,
like higher interest rates, can put a
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squeeze on profits. If not with
credit availability shrinking as well, some of
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these entities may not be able to
find financing much less a favorable terms.
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Another big player in the financial sector
reported yesterday Charles Schwab, beat profit estimates
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and said that they look to save
one billion dollars a year on some of
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the synergies that they get from incorporating
the Ameera Trade the company Ameor Trade,
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that discount brokerage that they announced at
the end of twenty twenty, So finally
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getting everything integrated there now. The
firm noted that bank sweep deposits were up
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last month, the first time that
this has happened in a year and a
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half now. Sweep accounts are simple
mechanisms that allow any money above or below
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a certain threshold and a checking account
to be swept into a better paying investment
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vehicle. So some of these brokerage
accounts have these features to let you earn
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more money on unused cash. And
they were historically created because federal banking regulations
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prohibited interest on checking accounts at one
time, and because deposits are a liability
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to a bank on their balance sheet, so fewer deposits mean essentially less risk
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of a run on the bank.
So if the money is in different types
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of investments than that reduces the risk
for a run on the bank. Now,
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Schwab absorbed the one point three trillion
dollars in tedumror Trade client assets on
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Labor Day weekend. Their earnings came
in at seventy seven cents a share,
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beating estimates, but revenues slipped sixteen
percent from a year ago. Shares of
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Schwab moved higher Monday on the news. And you know, if you're one
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of those partners who used tdom error
Trade and is now integrated into Schwab,
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we'd like to hear from you some
of the pros and the cons. We
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get asked a lot about the which
discount brokerage platforms to use. And because
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I'm in private practice, I don't
get much experience on those, so if
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you have any experience you'd like to
share, our phone lines are open six
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ten three six three eleven ten,
so get your calls queued up now.
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Phone lines are open six ten three
six three eleven ten. We'll be back
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with more financial issues right after this. Welcome back to financial issues. We
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are a stewardship ministry helping you make
the most of your money, especially in
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the way that you invest. So
we put forth a biblically responsible investment strategy.
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If you are a partner of the
ministry, you have access to our
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asset allocation models. You also have
access to our by list. You get
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sell alerts when it's time to sell
a particular company, either because they are
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no longer biblically responsible or maybe there
are some company specific issues that we see
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that don't bode well for the long
term. Because we do give you a
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long term strategy, and we encourage
you to stay disciplined, to stay focused,
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and more than anything else, take
your eyes off of your money and
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put them onto Jesus as we encourage
you with scripture and wisdom from the Bible.
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Before the break, I was talking
about the Charles Schwab acquisition of Tedamror
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Trade. Schwab just reported earnings this
morning and that kind of led into some
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other things. So at the end
of twenty twenty, Schwab announced that they
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were going to be acquiring tedm Ror
Trade, which is another discount brokerage,
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and for the most part, you
know, most clients of tedmor Trade didn't
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really see many changes until here recently. So the Tedmeror Trade has now been
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fully assimilated into Schwab. And what
that means for the customers of tdum error
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Trade is that they're going to get
a new account number. If you haven't
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already, you'll also for twenty twenty
three. If this happened during the twenty
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twenty three year, you're going to
get double tax forms. So if you
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have I raise and you're taking distributions, or you have dividends that you earn
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in non qualified accounts, or you
self things that are subject to capital gains
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or losses, you're going to get
two sets of form, one for your
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old account number and one for your
new account number. So you may want
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to make a note in your tax
file and make sure that you get both
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of those to your tax professional at
the end of the year, you also
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will need to check your payment instructions
on your account. So if you if
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you pay bills or you have automatic
fundings that go to your checking account or
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to to pay certain things, you
need to check those payment instructions to see
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if they have changed. And you
will also need to archive some of your
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historical documents. So a tip for
those you know, I get asked a
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lot in private practice about when we
when we open an account, there's a
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whole slew of paperwork that goes out
to clients, and then you know,
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as we do check up meetings,
there's questions that always come up as they
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say, you know, we get
a lot of stuff in the mail or
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even electronically if they signed up for
electronic statements, But they say, what
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do we need to keep? So
I say, well, that really depends
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as long as you're staying in one
place. If you move into one place
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or out of another place, like
the folks at Schwab from TDM Rior Trade
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will have to do this year,
always keep a copy of your very last
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statement at the place that you're at
and your very first statement of where you
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move to. That will help you
to ensure that all of your assets made
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it over. Now you know,
the electronic transfer system is very is usually
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very accurate, but it's always a
good thing to keep a paper copy of
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those things, or to keep a
downloaded copy on a secure backup that you
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can't lose. And then going forward, always tell people to keep their most
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recent statement, maybe shred that whenever
you get your new one, but keep
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your year end statement. That's going
to help show you what all activity you
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had during the current year. If
you stay with the same brokerage, you
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typically have about ten years worth of
documents that are saved and archived there.
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So if you do change brokerage firms
either move in somewhere else or by choice
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or by force like the tdum ror
trade customers will have to do, then
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you may want to keep some documents, download some documents and keep those safe.
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Well, we did talk about SCHWAB. I don't usually like to name
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names and talk about specific companies on
the air because I think people have selective
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hearing a lot of times, and
they just hear a company and they quickly
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decide whether it's being spoken of in
a positive or a negative light, and
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then they take that as an indication
that they should buy or sell a certain
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company. So I will say this
if you're listening to this program, if
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you're not a partner, don't try
to act on any of the information that
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you may glean from this from hearing
or watching the show live without understanding the
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partner strategy. And you can become
a partner at our website Financial issues dot
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org for as little as eighty five
dollars a year. That price is being
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discussed, so get in now and
get that price while it's still low.
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So don't get any ideas to buy
this Schwab stock if you are following along
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with our biblically responsible investment strategy,
because it is not biblically responsible. So
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Schwab does support abortion and promotes the
LGBTQ agenda with shareholder money. So if
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you don't want the money that God
trusted you to manage, to be supporting
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abortion. And you know, alternative
lifestyles alternative meaning alternative to what God says
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is the way to live. And
you know God's not just some mean God.
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He tells us don't do something.
When he tells us don't do something,
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he means don't hurt yourself. Because
when you do certain things, when
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you break His laws, there are
natural consequences that follow and they are not
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very pleasant. Speaking from experience,
I can confirm that that is true.
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So if you are building your own
biblically responsible portfolio and using our strategy,
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we are grateful for our partners.
But if this does not sound like something
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that you could do on your own, or it doesn't sound fun to you,
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but your heart is to honor God
and you want to be biblically responsible,
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00:16:32.399 --> 00:16:36.480
you could always contact the Timothy Plan. So the Timothy Plan is the
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00:16:36.679 --> 00:16:40.279
pioneer. Timothy Plan. By the
way, next year is turning thirty years
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00:16:40.360 --> 00:16:45.159
old, so awesome. I know
Timothy Plan is a millennial shan. I
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00:16:45.200 --> 00:16:49.120
just realized that they're redeeming the millennials. This is great. Yes, I
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got invited to their birthday party,
so I'm excited about that. So next
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00:16:53.480 --> 00:16:59.879
July they're turning thirty. But they
are the pioneer for biblically responsible investing.
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They are equally yoked with financial issues
and virtually every way and have stood alongside
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00:17:04.640 --> 00:17:11.200
of us for more than a decade. So they do provide biblically responsible mutual
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00:17:11.200 --> 00:17:15.960
funds ETFs and retirement plans for investors
who are looking to honor God with the
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money that they have been trusted to
manage. You can find more information about
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00:17:19.599 --> 00:17:23.480
the Timothy Plan by going to Financial
issues dot org and you can click on
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00:17:23.480 --> 00:17:29.680
the Timothy banner. Or you could
call them directly at eight hundred eight four
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00:17:29.880 --> 00:17:34.680
six seven five to six. Make
sure to tell them that you heard about
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00:17:34.799 --> 00:17:40.160
them on Financial Issues. Well,
our phone lines are open if you want
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to get your call queued up.
It's six ten three six three eleven ten.
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Well, the United States is thirty
three trillion dollars in debt. We're
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spending trillions more than we bring in
every year. We have hundreds of billions
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of dollars going to fight a war
in Ukraine. And now there's a war
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going on in Israel, who the
United States has traditionally supported, and the
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current administration indicates that we will continue
to support Israel. So Sky News asked
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Janet Yellen whether or not we can
afford to fund wars in the Ukraine and
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Israel, and here's what she said. Paul Judor Jones, the famed investor,
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was on CNBC this week and he
said, this is the most threatening
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and challenging geopolitical environment that I've ever
seen. At the same time, the
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US is in its weakest fiscal position
since World War II, with debt to
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GDP one hundred and twenty two percent. America, can the West afford another
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war at this time? I think
the answer is absolutely. America can certainly
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afford to stand with Israel and to
support Israel's military needs, and we also
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can and must support in its struggle
against Russia. And look, the American
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economy is doing extremely well. Well. I agree with her on one thing.
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America cannot afford not to stand with
Israel, but it has nothing to
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do with money. So yep,
we have so much money that we could
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probably afford to fund both sides of
this war. We'll talk about that a
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little bit later in the show.
But this great piece of money management advice
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from Secretary Yellen can be trusted,
I'm sure, just like her financial warning
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that overturning Roe v. Wade would
be very damaging to the economy since abortion
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is an economic decision, which by
the way, she just debunked. At
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the end of this clip. She
goes on to boast about how strong the
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US economy economy currently is, and
after where we cut it off, she
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goes on to t talk about,
you know, the strength of the US
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economy and how great we are doing
here in spite of overturning Roe v.
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Wade in June of twenty twenty two, about sixteen months ago. So her
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stark warning that, you know,
abortion, overturning Roe v. Wade and
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women having being denied access to quote
unquote healthcare would be a detriment to the
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economy, that warning did not come
to fruition. Well, let's get back
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to our stewardship verse. We're going
to end the CSN program if you're watching
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the shorter version of the show with
a word from the Lord comes from one
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Timothy six' ten. For the
love of money is the root of all
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kinds of evil. Some people eager
for money have wandered from the faith and
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pierced themselves with many griefs. Seth, I love what you said. Would
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you share? Yeah, I'd be
glad you, Shanna. Absolutely. There's
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a lot of misconceptions in this versus. You know, Shanna, We've talked
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about this in various forms before on
the show, but you know, the
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literal translation of this love of money
is the affection for silver, and regardless
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of what the nuances maybe of what
this verse is saying. We can agree
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the love of money, the affection
for silver, is dangerously evil. It's
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good to have a passionate love for
you know, my wife, my kids,
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our spouses, certainly for God,
but absolutely not this kind of love
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for money that gets into dangerous areas
of idolatry. And it's not referring to
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those who were truly saved and then
fell away because their love of money replaced
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their love for God. We believe
in once saved, always saved, absolutely.
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Rather this refers to those who perhaps
we're interested in faith in Christ,
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exploring faith in Christ like the rich
young man in Matthew ten, but chose
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instead to bow the need to money, and could also refer to those who
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maybe make a false profession of faith. Then that profession proves to be false
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when they apostasize and they start to
worship wealth many griefs. Indeed, Shannon,
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money never satisfies in this life,
and it will not keep you out
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of the lake of fire in the
next either. I hope you will all
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go back and listen to that much
slower, because there's so much there.
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You know. The love of money
is the greedy to desire for it and
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the willingness to gain it Unethically,
God can trust those who love him immensely
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with endless amounts of money, because
they treasure him so much more, and
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we give it all away to get
more of him. The first part of
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this verse is probably one of the
most misquoted verses of scripture, but the
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second part is hardly even mentioned.
And some, by longing for it money,
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have wandered away from the face at
faith and pierced themselves with many sorrows.
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I think of judas he was in
charge of the money bag and part
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of Jesus's inner circle. He must
have witnessed so many miracles, and I
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often think what I would give to
be have been one of Jesus's inner circle.
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So how did the love of money
correct his heart when he and he
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was able to sell his devotion for
Christ. I think we should ponder on
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that in our own lives. We've
got to take a short break, but
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we're going to be back with more
financial issues right after this. Securities offered
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through Ga Repel and Company, a
registered broker dealer and Investment Advisor member FINRA
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00:23:04.880 --> 00:23:11.039
and SIPC Opinions expressed by Shanna or
hers alone, and are for informational purposes
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00:23:11.039 --> 00:23:15.359
only and do not necessarily represent those
of ga Repel or the outlet on what
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00:23:15.440 --> 00:23:18.880
you are listening. You should consider
how the information applies to your situation prior
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to personally implementing it, and consult
any financial professional you work with to make
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sure it's applicable to your financial plan. Welcome back to financial issues, where
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we're helping you make the most of
the money that God has given you to
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manage, because we believe that He
owns it all. Well. I got
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kind of in a rush there at
the end of the last segment, didn't
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get to finish all my thoughts about
the scripture for today from one Timothy six
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' ten. The second part of
that, the first part is the one
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that we know it is the love
of money is the root of all kinds
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of evil. But the second part
says that some, by longing for it,
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have wandered away from the faith and
pierced themselves through and through with many
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sorrows. I think of judas you
know, he was in charge of the
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money bag and part of Jesus's inner
circle. He must have witnessed so much,
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so many miracles, just the love
and the compassion of Jesus. Can
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you imagine, you know, being
able to travel around doing ministry with Jesus
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that often think about what I would
give up to have been able to be
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one of Jesus's inner circle when he
walked on the earth set. Yeah,
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yes, Jann I was just thinking. All he also heard Jesus preach like
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every day. I mean, that's
literally the best pastor in the world's history.
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And Judas heard him like every day
for three years. It's it's humbling
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when when we realize where his heart
belonged, and even with being with Jesus
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for that long, Yeah, absolutely
so, it just makes me wonder,
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you know, how did the love
of money so corrupt his heart that he
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was able to sell his devotion to
Christ for the price of the slave.
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But before I get holier than now
on Judas, I have to stop and
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thank God that I'm not battling those
same demons of greed that Judas faced.
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You know, thank you Jesus for
the warnings about loving wealth. Seeking after
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00:25:03.799 --> 00:25:08.440
money only makes us hungry for more
money because it doesn't have the power to
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satisfy us. Seeking after Jesus brings
many blessings. Yes, sometimes that blessing
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is money, but money is just
the side blessing. True wealth is the
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unbreakable connection, confidence, and communion
that comes from seeking Jesus rather than money,
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and there is no sorrow that comes
with that kind of wealth. More
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00:25:32.200 --> 00:25:36.359
on that tomorrow. We'll dig into
that a little bit tomorrow. If you
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00:25:36.359 --> 00:25:40.960
want to get the full version of
the show, go to podcast, Apple
326
00:25:41.039 --> 00:25:44.599
or Spotify, or get our phone
app. That's the best way to make
327
00:25:44.640 --> 00:25:48.319
sure that you never lose contact with
us. You'll be able to get all
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00:25:48.359 --> 00:25:52.200
of our old shows, whether your
Apple or Android. You can just download
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00:25:52.240 --> 00:25:56.559
that phone app. You also get
the news program that comes on every weekday
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00:25:56.680 --> 00:26:00.839
night at six pm Central time seven
Eastern time, a thirty minute broadcast of
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00:26:02.559 --> 00:26:06.559
all of the headlines that you really
need to know, with none of the
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00:26:06.599 --> 00:26:11.440
other junk added to it. So
let's get to our phones. We've got
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00:26:11.440 --> 00:26:17.119
some John's and the phone line.
It's a job party. Let's get to
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00:26:17.200 --> 00:26:22.279
John from Illinois. First, Hi, John, your own financial issues?
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00:26:22.799 --> 00:26:27.759
Hey John? Can hear us?
I ken? Hello? Hello? You
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00:26:27.759 --> 00:26:33.599
want to share some thoughts with our
audience? Oh, good morning, Shanna,
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00:26:33.680 --> 00:26:37.039
Yeah, I have I was,
I can can you hear me,
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00:26:37.720 --> 00:26:44.039
got you loud, Claire? Oh, yes, I do. So.
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00:26:44.119 --> 00:26:52.839
I was with TD Ameritrade and they
switched me over to Schwab and I called
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00:26:52.880 --> 00:26:59.480
them to find out about the Timothy
Plan funds and they told me basically that
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00:26:59.559 --> 00:27:03.799
I could keep them, but I
could never buy any more. So that
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00:27:04.200 --> 00:27:08.000
caused me to switch everything over to
each Trade, which they said I could
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00:27:08.039 --> 00:27:14.880
buy more in the future. And
the downfall was that I don't think I'm
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going to get my cost basis information
transferred over. With that, it seems
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00:27:19.640 --> 00:27:27.480
like I've lost that m Is it
a qualified or non qualified account? I
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00:27:27.599 --> 00:27:36.279
have a rough and traditional so qualified
basically. Okay, Well, the good
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00:27:36.319 --> 00:27:40.960
news is that you probably won't need
that cost basis for tax purposes. But
348
00:27:41.440 --> 00:27:45.960
if you kept your last statement or
one of the recent statements before you transferred,
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00:27:47.039 --> 00:27:49.799
I bet that statement has your cost
basis on it, and a lot
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00:27:49.799 --> 00:27:55.720
of times you may call their their
support number. But there is a way
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00:27:55.720 --> 00:28:00.920
that you can provide your own cost
basis to most bro bridge platforms. I'm
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00:28:00.920 --> 00:28:03.480
not for sure if you can do
that with e Trade or not, but
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00:28:03.759 --> 00:28:06.680
if you provide that to them,
or there may be a place where you
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00:28:06.720 --> 00:28:10.000
can go in and manually enter it, but there'll be a note that it
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00:28:10.039 --> 00:28:12.000
was that it was provided for you, but you could you could try that
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00:28:12.079 --> 00:28:18.880
route and see if you can get
it updated. Oh great, great,
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00:28:18.880 --> 00:28:22.720
thank you. And then I'm but
I do have that information that's play in
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00:28:22.720 --> 00:28:27.279
that track too, So good,
really appreciative of that. Well sounds good.
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So yeah, thanks for calling and
sharing your your experience and I know
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that's helpful to so many people who
were maybe just getting started and wondering where
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to get started. Thank you,
John, have a good date, all
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right you as well. All right, let's see do we have anything from
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social anything going on to s Yeah, we got a couple of comments here
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just in regards to what you said
earlier about people sharing their testimonies for switching
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brokerages. So Morgan from Kansas City
said, overall, SCHWAB he felt like
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00:29:00.640 --> 00:29:03.759
much better than TDMER trade was,
especially for preferreds. TDA did not recognize
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00:29:03.759 --> 00:29:07.640
many preferreds and had none of the
unique data needed for preferreds, but treated
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00:29:07.680 --> 00:29:08.839
them just like common stocks. So
he's glad to be with Schwabs. That's
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00:29:08.880 --> 00:29:12.440
good. Okay, yep, we
got Jan saying good morning, bless you.
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Financial issues family Less you too,
Jan yep, and then fill up
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00:29:17.759 --> 00:29:19.680
on Facebook is saying I had a
small account with TDM error Trade, but
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never liked the format, so I
didn't put any deposits the last few years.
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However, with the new Schwab convert, with a new Schwab conversion,
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it's so much more user friendly that
I think I'll use it more. Dan
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was a little worried with this merger
back in twenty twenty that Schwab wouldn't let
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us buy Timothy ETF. So hopefully
that won't happen and I can continue buying
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from my portfolio. So just another
yeah, the Timothy ETFs shouldn't be affected
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at all because ETFs trade like stocks. It's the Timothy mutual funds that you
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know that we are concerned with,
because for mutual funds, broker dealers have
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to have a dealer agreement with mutual
fund companies in order to offer their funds
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on their platform. And I can
tell you that it's not The problem is
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not on the Timothy side, because
Timothy would allow them to use their funds.
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It is a decision by Schwab,
and I do remember Dan being very
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concerned about that. With I think
The real fly in the ointment for Schwab
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00:30:18.400 --> 00:30:26.039
is the Israel Fund. So yeah, the good news is that you're not
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00:30:26.400 --> 00:30:29.880
investing in Schwab. You're not investing
in a Merrior Trader or e trader,
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00:30:30.240 --> 00:30:33.200
you know, whatever it might be. Whenever you're using their platform, you're
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00:30:33.240 --> 00:30:37.079
just using a product. And as
Dane used to say, there are no
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biblically responsible brokerage firms. But so
you can use those platforms without you know,
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00:30:45.400 --> 00:30:47.440
having to worry about it. But
you just want to make sure that
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you have access to everything that you're
going to need. Awesome. Shanna One
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00:30:51.039 --> 00:30:52.880
more snuck in over on YouTube Austin, one of our faithful YouTube listeners,
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saying, regarding Yellen's comments, can
we also afford to defend Taiwan from China?
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Right now? I think the answer
is built the question, and it's
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kind of rhetorical. Yeah, because
because America is God right, our responsibility
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to defend every country and you know, folks, we got to read our
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Bibles. We just got to make
sure that we're on the right side.
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You know, things are happening very
very fast right before our eyes, and
399
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you know, if you want to
be prepared, the best thing that you
400
00:31:19.920 --> 00:31:25.119
can do. Go to financial issues, click on the resources tab, and
401
00:31:25.160 --> 00:31:27.240
then click on do you want to
know God? Because that is the only
402
00:31:27.359 --> 00:31:36.200
way to have peace and security in
this very uncertain world. Things are going
403
00:31:36.240 --> 00:31:38.920
to continue to happen. They're going
to continue to get worse. We're seeing
404
00:31:38.920 --> 00:31:45.279
these things unfold before our eyes.
But the scripture reminds us time and time
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and time again, do not worry, be of good courage. I think
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I hear a lot that there's three
hundred and sixty five references to encouraging us
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to not be afraid. You know, fear is not from the Lord.
408
00:31:59.119 --> 00:32:02.039
Fear is from the enemy. And
sometimes, you know, fearceceeds for false
409
00:32:02.079 --> 00:32:07.839
evidence appearing real. Sometimes the thing
that we fear the most doesn't even have
410
00:32:07.960 --> 00:32:13.079
to happen for us to experience the
negative consequences. If we're afraid, it
411
00:32:13.160 --> 00:32:17.920
causes it freezes us, It does
things to our physical body, stress responses
412
00:32:17.920 --> 00:32:22.160
in our body, hormonal responses that
can break as much havoc as are more
413
00:32:22.200 --> 00:32:27.119
havoc than the actual thing that we're
scared of actually happening. So do not
414
00:32:27.200 --> 00:32:30.279
be afraid, be of good courage. Read your Bible, Feast on your
415
00:32:30.319 --> 00:32:32.160
Bible well, folks, we're about
to hear from Craig Halgert with the AG
416
00:32:32.200 --> 00:32:36.039
report. We're going to take a
short break and then we'll be back with
417
00:32:36.119 --> 00:32:39.119
more financial issues. You can get
your call queued up six ten three six
418
00:32:39.279 --> 00:32:44.359
three eleven. Creat how guard with
your financial issues. Egg update for October
419
00:32:44.519 --> 00:32:49.279
seventeenth. Well Coin continues to struggle
in the export market as Brazil continues to
420
00:32:49.400 --> 00:32:52.119
undercut the US market in the spot
position, and this week saw that advantage
421
00:32:52.079 --> 00:32:55.960
extend all the way to the March
time slot. US coin crop is now
422
00:32:57.200 --> 00:33:00.799
forty five percent harvest, and we're
still seeing producers reluctant sellers, which is
423
00:33:00.920 --> 00:33:06.720
causing some domestic processors to start pushing
their bids. Yesterday's clothes had December corn
424
00:33:06.759 --> 00:33:09.160
three and a quarter cents lower and
four dollars and ninety cents per bushel.
425
00:33:09.480 --> 00:33:14.519
Soybeans received a bullish surprise when the
September crush numbers came in at one hundred
426
00:33:14.559 --> 00:33:16.640
and sixty five and a half million
bushels. That was three point eight million
427
00:33:16.640 --> 00:33:21.279
bushels above what the trade was looking
for. We also saw stronger than expected
428
00:33:21.319 --> 00:33:23.680
soybean oil usage. In fact,
it pushed the soybean oil stocks, down
429
00:33:23.720 --> 00:33:28.839
their lowest number in five and nine
years. At the closed November beans were
430
00:33:28.880 --> 00:33:32.119
six cents higher at twelve eighty six
and a quarter. WE continues to struggle
431
00:33:32.160 --> 00:33:37.480
with poor export demand. Weekly export
inspections came in at thirteen million bushels as
432
00:33:37.519 --> 00:33:40.880
we continued to slip behind the pace
needed to hit the USDA's annual export projection.
433
00:33:42.079 --> 00:33:45.160
Russia continues to dominate the international wheat
market. Is it maintaining anywhere between
434
00:33:45.160 --> 00:33:50.319
a sixty and eighty dollars per metric
ton discount to US hard red winter wheat
435
00:33:50.559 --> 00:33:53.400
At the Colos Minneapolis December we was
actually six and three quarters cents higher at
436
00:33:53.440 --> 00:33:58.039
seven twenty eight and three quarters.
Kansas City dropped by a quarter center close
437
00:33:58.079 --> 00:34:00.200
at six sixty seven and three quarters
in Chicago was two and a half cents
438
00:34:00.240 --> 00:34:04.759
lower at five seventy seven and a
quarter. Cotton future has been trading in
439
00:34:04.799 --> 00:34:07.199
the same basic trading range since mid
July. A third of that crop has
440
00:34:07.239 --> 00:34:10.440
now been harvested, with bowls open
on eighty seven percent of the crop.
441
00:34:10.599 --> 00:34:16.360
Yesterday's clothes said December futures ninety one
points lower eighty five fifteen Livestyle futures all
442
00:34:16.400 --> 00:34:21.280
struggled. December Live caliber twenty cents
lower one hundred and eighty seven dollars and
443
00:34:21.320 --> 00:34:24.039
twenty five cents per hundredweight. November
Feeder CATL dropped by a dollar and sixty
444
00:34:24.039 --> 00:34:27.960
five cents to close at two hundred
and forty nine dollars ninety two and a
445
00:34:28.000 --> 00:34:31.719
half cents per hundred and December leanhat
futures were a dollar twenty lower at sixty
446
00:34:31.719 --> 00:34:36.400
eight dollars and thirty cents per hundred
and Class three milk futures been in an
447
00:34:36.400 --> 00:34:39.760
extremely tight trading range for the past
month. Yesterdays Clothes said November futures two
448
00:34:39.840 --> 00:34:44.960
cents lower at seventeen thirty nine.
Well, this has been Craig. Howguard
449
00:34:44.960 --> 00:34:47.679
with your financial issues, agg update. We'll be right back with more financial
450
00:34:47.679 --> 00:35:01.000
issues after this. The opinions and
recommendations pressed on this program do not necessarily
451
00:35:01.039 --> 00:35:06.559
represent the opinions of the station or
any of the program's sponsors. Additionally,
452
00:35:06.599 --> 00:35:09.599
all products or services offered by the
program sponsors may not be known by the
453
00:35:09.639 --> 00:35:16.800
program. Welcome back to financial issues. Our phone lines are open this morning
454
00:35:16.920 --> 00:35:22.360
if you're listening live between the eight
and nine o'clock hour Central time in the
455
00:35:22.400 --> 00:35:25.840
mornings. Now, we did have
two John's on the phone line. We
456
00:35:25.880 --> 00:35:29.599
got to one, but we lost
the other one. So if you were
457
00:35:29.639 --> 00:35:31.679
the other John that was waiting in
the call queue, get your call queue
458
00:35:31.719 --> 00:35:36.239
back up. If you can do
that the next minute or so, we'll
459
00:35:36.239 --> 00:35:38.000
get you in. In this last
segment before the end of the program,
460
00:35:38.119 --> 00:35:43.760
six' ten three six three eleven
ten. And that was John from Alabama,
461
00:35:43.840 --> 00:35:45.280
by the way, Alabam Alabama.
Yep, yep. We had John
462
00:35:45.320 --> 00:35:49.840
from Illinois and John from Alabama.
So John from Alabama, if you're listening,
463
00:35:49.880 --> 00:35:52.639
give us a call back. We'd
love to hear what you have to
464
00:35:52.639 --> 00:35:57.039
say. Well, home sales are
on track for the slowest year since the
465
00:35:57.119 --> 00:36:01.119
housing bust. High prices and high
interest are dragging sales to their lowest levels
466
00:36:01.159 --> 00:36:06.079
since the two thousand and eight crisis. Year to day, through August of
467
00:36:06.119 --> 00:36:09.360
twenty twenty three, home sales had
yet to eclipse the three million mark and
468
00:36:09.440 --> 00:36:15.239
the last twenty three years. The
lowest yearly home sale level was in two
469
00:36:15.239 --> 00:36:21.880
thousand and eight, sitting at just
over four million. So downsizers are also
470
00:36:22.039 --> 00:36:28.119
seeing less economic benefit of downsizing due
to this trend. According to realtor dot
471
00:36:28.159 --> 00:36:31.440
Com, the number of homes for
sale that measure between seven hundred and fifty
472
00:36:31.480 --> 00:36:37.639
square feet to seventeen hundred and fifty
square feet, the range that downsizers tend
473
00:36:37.639 --> 00:36:44.760
to prefer dropped by forty one percent
since twenty nineteen, and the prices for
474
00:36:44.800 --> 00:36:50.760
these homes are fifty percent higher than
they were before COVID. So this is
475
00:36:50.880 --> 00:36:55.840
just one more way that bidnomics is
hurting the average American inflation like we haven't
476
00:36:55.920 --> 00:37:02.440
seen in decades, in decades.
But it's okay because Yellen said the economy
477
00:37:02.480 --> 00:37:06.639
is good, yep yelling test,
the economy is good, and you know,
478
00:37:06.760 --> 00:37:09.679
by all economic measures, which some
of them do lag quite a bit,
479
00:37:10.159 --> 00:37:15.159
the economy does appear to still be
strong. But you know, we
480
00:37:15.239 --> 00:37:19.000
can't keep going the way that we're
going, burning the wheels off, the
481
00:37:19.000 --> 00:37:22.400
printing press at the Federal Reserve,
just printing more money. It's not the
482
00:37:22.519 --> 00:37:28.239
answer to everything. It's worked for
a while, it may continue to work
483
00:37:28.239 --> 00:37:30.280
for a little while longer, but
eventually the wheels are going to fall off.
484
00:37:32.000 --> 00:37:37.320
Well let's see, let's get to
those social comments. Yeah sounds good,
485
00:37:37.320 --> 00:37:40.599
Shannon. We got one that came
in from franccene in Florida, saying
486
00:37:40.639 --> 00:37:44.960
I was upset with my advisor in
Vanguard. Dude, are just neglecting my
487
00:37:45.000 --> 00:37:47.199
desire to not be an ESG fund. So, being uncomfortable, I pulled
488
00:37:47.199 --> 00:37:51.639
all my funds of three hundred thousand
into cash position, thinking that was safer
489
00:37:51.639 --> 00:37:53.519
at this time. I come to
find out the cast position is really invested
490
00:37:53.519 --> 00:37:58.039
in federal money market funds. Isn't
that more volatile? Now I'm thinking I
491
00:37:58.039 --> 00:38:00.039
should just take each fund and make
those chol that you recommend. What do
492
00:38:00.039 --> 00:38:06.239
you think, Shanna Well Francine,
I would support your conclusion there. I
493
00:38:06.239 --> 00:38:08.079
think it would be good if you
are concerned about ESG. If you are
494
00:38:08.119 --> 00:38:13.960
concerned about putting christ first in your
portfolio, make the switch over. You
495
00:38:14.000 --> 00:38:17.280
can follow either the mutual fund ETF
strategy, or you can build your own
496
00:38:17.320 --> 00:38:22.400
portfolio with companies that are on our
buy list. There are lots of great
497
00:38:22.480 --> 00:38:27.480
videos ways that you can help you
get started in doing this for yourself.
498
00:38:27.880 --> 00:38:34.360
Now, the federal money market position
should be stable, it should it should
499
00:38:34.400 --> 00:38:37.920
not be volatile, So you know
I would I would take a second look
500
00:38:37.960 --> 00:38:39.800
at that and make sure, maybe
give them a call and ask them to
501
00:38:39.800 --> 00:38:45.079
put you in the most stable money
market while you're waiting to get those funds
502
00:38:45.360 --> 00:38:49.719
redeployed. And I would also say, don't be in a hurry to get
503
00:38:49.719 --> 00:38:52.199
them redeployed. I don't know how
old you are. You know you don't
504
00:38:52.239 --> 00:38:55.920
want to sit in cash for too
long. But cash isn't the most terrible
505
00:38:55.960 --> 00:39:01.679
place right now. Most money markets
are are paying between you know, ford
506
00:39:02.039 --> 00:39:06.800
a little over five percent, So
it's a good thing. We haven't seen
507
00:39:06.840 --> 00:39:10.159
that a long time. It's a
good thing to get five percent while you're
508
00:39:10.199 --> 00:39:15.079
waiting to redeploy that cash. Well, we don't have John back, but
509
00:39:15.119 --> 00:39:22.480
we've got another another disciple, right, We've got James calling from Arkansas.
510
00:39:22.559 --> 00:39:29.280
Hi, James, you're on financial
issues. Hi, this is really a
511
00:39:29.320 --> 00:39:32.800
testimony, not really a question.
I'm not really a calling guy. So
512
00:39:32.840 --> 00:39:38.280
I'm pretty nervous, but doing great, James. I thank you. Seth.
513
00:39:39.840 --> 00:39:45.480
So, I've listened to financial issues
for more than fifteen years, and
514
00:39:45.719 --> 00:39:52.960
I was kind of I converted Smoothie, but I tried to give my advisor
515
00:39:53.119 --> 00:40:00.280
to move my investments into Timothy Plan
when I started listening to to Dance Feel
516
00:40:00.320 --> 00:40:06.920
You years ago, and he wouldn't
do it. And then this guy I
517
00:40:06.960 --> 00:40:12.039
mean, my advisor was a Christian
friend from church. But and then he
518
00:40:13.119 --> 00:40:19.960
shifted into Wells Fargo and I followed
him there. And finally, I would
519
00:40:20.039 --> 00:40:28.480
say a gnawing conviction as I listened
to Dan and God bless him man and
520
00:40:28.480 --> 00:40:36.119
his family. That moved my heart
to shift all that I could of the
521
00:40:36.239 --> 00:40:43.760
investments into Timothy, the Timothy Plan
model. And I told God then that
522
00:40:44.239 --> 00:40:49.800
it was twenty fifteen that I would
that I would do it even if I
523
00:40:49.840 --> 00:40:52.920
lost money, you know, just
so be it. That's I need to
524
00:40:52.920 --> 00:40:59.519
follow God and God in his direction, and if I lose money, then
525
00:41:00.159 --> 00:41:15.559
so be it. But I made
that shift and actually Dan then after Dan
526
00:41:15.679 --> 00:41:20.760
died, I got the Tracker tool
as well. I've been a partner a
527
00:41:20.760 --> 00:41:29.360
long time and I just have to
praise God because he has blessed my portfolio
528
00:41:30.679 --> 00:41:37.559
far beyond what was happening with it
with Edward Jones or Wells Fargo. Uh.
529
00:41:37.639 --> 00:41:45.079
And He's He's just blessed me through
financial issues and the Timothy Plan.
530
00:41:45.679 --> 00:41:50.079
And Shannon, you you've been a
great blessing since coming on as well.
531
00:41:51.280 --> 00:41:58.480
Thank you, James Professional, Thank
you for sharing your testimony. It reminds
532
00:41:58.559 --> 00:42:01.079
me of what Dan used to always
say when people would call in and say,
533
00:42:01.119 --> 00:42:04.480
you know, well, I talked
to my advisor and they said the
534
00:42:04.480 --> 00:42:07.480
Timothy funds aren't good, or you
know, they said, you can't really
535
00:42:07.480 --> 00:42:10.159
do biblically responsible investing, and they're
you know, they go to church with
536
00:42:10.199 --> 00:42:14.199
me and these, you know,
all all of these compelling arguments, and
537
00:42:15.079 --> 00:42:20.159
just like you, James, they
had this gnawing conviction in their hearts and
538
00:42:20.199 --> 00:42:23.440
they just couldn't get peace doing what
they were doing. The same thing happened
539
00:42:23.440 --> 00:42:27.719
with me as well, and you
know, I came up against a lot
540
00:42:27.719 --> 00:42:31.039
of pushbacks as well. But I
just in my experience, I've never had
541
00:42:31.199 --> 00:42:36.719
true peace unless I've been in the
middle of God's will and do it,
542
00:42:36.800 --> 00:42:39.880
going and doing what He led me
to do. So congratulations, but it
543
00:42:39.920 --> 00:42:45.519
reminds me of what Nan used to
say. Don't ever let a financial advisor
544
00:42:45.039 --> 00:42:51.320
rob you of the joy of honoring
God with your portfolio. You know you,
545
00:42:52.280 --> 00:42:55.079
yes, yes, So thanks for
sharing that, and I hope that
546
00:42:55.199 --> 00:43:00.800
encourages more people to check out our
strategy as well to honor Godes. I
547
00:43:00.880 --> 00:43:07.480
pray encourages you andself as well.
And God bless you folks. Thank you
548
00:43:07.559 --> 00:43:10.960
Jane, God bless you brother.
Yes, absolutely, well, folks,
549
00:43:12.079 --> 00:43:14.679
you know the reason that we do
this. We put God first in our
550
00:43:14.719 --> 00:43:17.519
portfolio because you know, one day, every knee is going to bow and
551
00:43:17.599 --> 00:43:22.079
every tongue will profess that Jesus is
Lord. And why not do that now
552
00:43:22.519 --> 00:43:27.559
out of our own choice, rather
than be forced to do that with regret
553
00:43:27.800 --> 00:43:30.480
and weeping and gnashing of teeth later. And you know, before Jesus went
554
00:43:30.519 --> 00:43:34.159
back to heaven, he warned us
of all of the things that were going
555
00:43:34.239 --> 00:43:37.119
to come. He didn't give us
great detail, but he told us that
556
00:43:37.199 --> 00:43:40.400
wars and rumors of wars would happen. And you know that's exactly what we're
557
00:43:40.400 --> 00:43:45.440
seeing play out before our eyes with
Russia and Ukraine and now Israel and Hamas.
558
00:43:47.000 --> 00:43:51.920
And our sign of the time for
today is that the US is now
559
00:43:52.000 --> 00:43:58.599
selecting two thousand troops for deployment to
Israel to aid in the Israeli Hamas War.
560
00:43:59.159 --> 00:44:02.039
On Monday, The Wall Street Journal
reported that these troops are not intended
561
00:44:02.039 --> 00:44:08.400
to serve in combat, but would
instead help to advise Israel the Israeli military
562
00:44:09.599 --> 00:44:15.360
and assist in medical support missions.
Well, in my opinion, they're probably
563
00:44:15.360 --> 00:44:21.000
going to have to advise Israel on
how to defend against the weapons that we
564
00:44:21.119 --> 00:44:25.320
left in Afghanistan that are most likely
going to be used against them, if
565
00:44:25.320 --> 00:44:34.320
they aren't already well. An Israeli
commander said way back before this conflict started
566
00:44:34.719 --> 00:44:39.280
that US small arms that were left
behind after the botched withdrawal from Afghanistan have
567
00:44:39.440 --> 00:44:45.119
made their way into the hands of
Palestinian terror groups in the Gaza Strip.
568
00:44:45.760 --> 00:44:53.000
The US abandoned more than seven billion
dollars in military equipment in our chaotic withdrawal
569
00:44:53.199 --> 00:44:59.079
that was a disgrace to the United
States under the Biden administration. The Israeli
570
00:44:59.159 --> 00:45:04.239
commander told Week in June of twenty
twenty three that Israeli defense forces have seen
571
00:45:04.320 --> 00:45:12.480
the weapons in use by terrorists in
Gaza. The commander expressed concern that they
572
00:45:12.519 --> 00:45:19.760
can research capabilities and then learn how
to manufacture them. I'm talking especially about
573
00:45:19.880 --> 00:45:23.400
Iran, the commander said. He
said that the IDF was very worried that
574
00:45:23.480 --> 00:45:30.400
some of these capabilities are going to
fall to Hesbalah and Hamas' hands. Multiple
575
00:45:30.400 --> 00:45:37.079
news reports indicate that Iran has been
reverse engineering US weapons technology, including drones,
576
00:45:37.840 --> 00:45:45.039
So folks there is I guess we
are funding both sides of this conflict,
577
00:45:45.559 --> 00:45:49.199
you know, funding the terrorists with
all of the things that we left
578
00:45:49.239 --> 00:45:54.119
in Afghanistan because I guess it was
too expensive to get seven billion dollars worth
579
00:45:54.159 --> 00:46:01.000
of military, state of the art
military equipment back to the United States,
580
00:46:01.320 --> 00:46:08.559
so we just left it there and
the Afghanistan the Taliban has This has been
581
00:46:08.559 --> 00:46:14.519
an endless source of funding for the
Taliban as they've sold off all of these
582
00:46:15.800 --> 00:46:19.719
all of this equipment that we left
over there. So such a shame.
583
00:46:19.760 --> 00:46:25.440
Now we're fighting ourselves. Great wisdom. Well, folks, the good news
584
00:46:25.559 --> 00:46:30.280
is Jesus is coming back and he's
going to rule from Jerusalem one day.
585
00:46:30.599 --> 00:46:34.000
So let's make sure that we're right
with him. Let's make sure that we
586
00:46:34.039 --> 00:46:37.719
honor him everything we have is his
time is getting short. He is coming
587
00:46:37.760 --> 00:46:40.800
back. When he returns, there's
going to be a test. May we
588
00:46:40.920 --> 00:46:46.239
be found doing his work and being
a good and faithful steward with everything he
589
00:46:46.320 --> 00:46:51.880
trusted us to manage. Come back
tomorrow for more financial issues check us out
590
00:46:51.920 --> 00:47:04.320
in the meantime Financial issues dot org. If we ever forget that we're one
591
00:47:04.440 --> 00:47:08.559
nation under God, then we will
be a nation gone under Thank you for
592
00:47:08.679 --> 00:47:16.480
joining us This has been an FISM
production. You're listening to financial issues with Shanna Burt
1
00:00:06.360 --> 00:00:10.919
Welcome to Financial Issues with Shannabert,
where we join reality with truth, helping
2
00:00:10.960 --> 00:00:13.919
you to make the most of your
money by honoring God with your investments.
3
00:00:13.960 --> 00:00:21.480
Now here's your host, Shannabert.
Well, good morning, friends, welcome
4
00:00:21.519 --> 00:00:25.640
back to Financial Issues. I'm Seth
Yudinski here. Shanna is on with us
5
00:00:25.719 --> 00:00:27.879
right now, folks, but we
have a little bit of technical issues,
6
00:00:27.920 --> 00:00:30.519
so I'm going to take us through
the start of the show here. Thank
7
00:00:30.519 --> 00:00:35.640
you all for joining us this morning. It is Tuesday, October the seventeenth,
8
00:00:35.719 --> 00:00:38.960
twenty twenty three, and we are
live today. So i'd encourage you
9
00:00:38.960 --> 00:00:41.479
to get your call cued up right
now. Phone lines are open. Do
10
00:00:41.600 --> 00:00:43.920
not fret. You will not talk
to me. I mean, I'll say
11
00:00:43.960 --> 00:00:46.399
hello to you obviously, but you
won't talk to me. Shanna is on,
12
00:00:46.799 --> 00:00:49.200
but we just have a little bit
of technical issues that we're trying to
13
00:00:49.240 --> 00:00:52.520
figure out right now. So as
she's getting those worked out, I'm going
14
00:00:52.560 --> 00:00:55.679
to open our show here. So
if you're watching on social media or if
15
00:00:55.679 --> 00:00:58.520
you're watching on the website, make
sure to say hello. We always love
16
00:00:58.560 --> 00:01:03.000
to interact with you on social media, and of course, the best way
17
00:01:03.000 --> 00:01:03.680
to talk to us is to cue
your call up, which you can do
18
00:01:03.760 --> 00:01:07.879
right now. It's six ten three
six three eleven ten six ten, three
19
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six three eleven ten for our TV
audience. I apologize. I always throw
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up our little titles there at the
bottom of the screen, but since I'm
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talking to you right now, it's
rather difficult to do that, So I'll
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get those up as soon as Shanna
is on. But grateful for you all
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this morning, and happy to be
here with you. Let's take a quick
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look here, friends at some of
the things that we have going on on
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the show today. For those of
you who are partners, we do have
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a conference call coming up this Thursday
at noon Central time. This Thursday,
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noon Central time, it's going to
be one o'clock Eastern time, a partner
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conference call. If you are not
a partner of the ministry, now's a
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great time to become one. Let's
go to Financial Issues dot org and click
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become a partner at is very cost
effective. Those partner conference calls, folks,
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really give an excellent sense of kind
of where the ministry is going,
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and it is an opportunity for you
to be able to ask questions to Shanna
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and get answers that you might not
be able to Usually we get on the
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air, So if you tune into
that partner conference call, it's a great
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opportunity to get to do that.
If you are a partner, you'll get
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an email from Pat and she will
give you the access code and all that
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stuff that you need to get onto
it. So, folks, it looks
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like we may have Shanna back with
us. I'm going to give this a
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shot here, Shanna, can you
hear about this last? It's the worst
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thing that happens, isn't it?
When it's like right before the show starts,
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technical issues happen, but we're powered
through it from just fell down.
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Yeah, I had a dream last
night that I was on the live on
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the air with a caller and I
was feeling bad, and all of a
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sudden, my voice just totally went
out. Yeah, when you're on radio,
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that's not the best thing, that's
right. Yeah. Okay, So
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I'm not sure what all you said. I think I heard you talking about
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the conference all good? That?
Yeah, that was it? Just the
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conference call? So did you do
the stewardship verst I did not know that
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is all you? All right?
The stewardship versus the day comes from first
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Timothy six and ten, For the
love of money is the root of all
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kinds of evil. Some people eager
for money have wandered from the faith and
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have pierced themselves with many griefs.
Well, we'll touch on that a little
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bit more later in the show,
but let's shift gears to something a little
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bit less important, like some economic
news. Well, the Dow was up
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yesterday point nine to three percent,
the S and P was up over one
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percent, and the Nasdaq was up
about one point two percent. The pre
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markets last time I looked, I
think we're in pretty positive territory. We've
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got We're in the thick of earning
season right now. We've got about ten
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to eleven percent of the S and
P five hundred companies reporting this week,
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so lots of news is going to
come out. We had posted some commentary
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on the partner website for partners to
be a little bit cautious during earning season.
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That doesn't mean, you know,
abandon everything, but you know,
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just just take caution. There tends
to be a little bit more volatility that
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happens when companies report, either volatility
to the upside because companies did well,
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or volatility to the downside because they
missed, maybe missed their earnings report.
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So if you're building a portfolio and
it's time to put some money to work,
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just go in and search for when
they release their earnings. Make sure
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that that it's not about to happen
in the next couple of days, and
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you should be fine. So retail
sales numbers came out this morning right before
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the show started. September came in
stronger than expected, showing that consumers just
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won't quit spending. So spending as
stage strong in September. August was even
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revised a little bit higher, and
it wasn't just on higher gasoline prices.
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So took a look at the CME
FED Watch tool for December November. Pretty
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much a given that the Fed's not
going to raise raids, December inched a
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little bit higher probability that the Fed
would increase would take advantage of what they
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kept on reserve as possibly two more
rate hikes before the end of this rate
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hikes cycle. I don't think that
they should do it. I say that
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quite a bit. But earnings season
is in full swing this week and started
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last week. Last week, the
big banks, some of the big banks
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reported JP Morgan Wells, Fargo,
and City Group all reported strong earnings last
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week. None of those are biblically
responsible for those of you who are following
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along with our strategy. But the
big diversified banks are expected to post gains
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of around nine point are average about
nine point one percent, up from a
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two point nine estimate on September the
thirtieth, so they're expected to come in
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strong. Bank of America and Goldman
Sachs reported this morning, and they too
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reported strong top and bottom line beats. Regional banks, on the other hand,
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we had pan C Bank report last
week, but we have a slew
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of other smaller regional banks that are
going to be reporting short and short order
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and they are forecasted to endure a
twenty six percent drop, So be careful
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if you own some of those regional
banks. We do have one on the
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by list, so proceed with caution
if you do go there, that should
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be for someone who has a pretty
good risk appetite. So we're expecting loan
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volume growth to disappoint because higher and
rising interest rates are putting a damper on
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loan activity as well as uncertain economic
environment for businesses. So I expect to
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hear more talk about credit quality during
the analyst cause, especially as it relates
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to office real estate. So we've
got a lot of office commercial real estate
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that's coming their loans are coming due. It's a much much higher interest rate
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environment now than it was whenever they
took out those loans. So anything that
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increases your cost of doing business,
like higher interest rates, can put a
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squeeze on profits. If not with
credit availability shrinking as well, some of
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these entities may not be able to
find financing much less a favorable terms.
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Another big player in the financial sector
reported yesterday Charles Schwab, beat profit estimates
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and said that they look to save
one billion dollars a year on some of
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the synergies that they get from incorporating
the Ameera Trade the company Ameor Trade,
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that discount brokerage that they announced at
the end of twenty twenty, So finally
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getting everything integrated there now. The
firm noted that bank sweep deposits were up
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last month, the first time that
this has happened in a year and a
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half now. Sweep accounts are simple
mechanisms that allow any money above or below
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a certain threshold and a checking account
to be swept into a better paying investment
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vehicle. So some of these brokerage
accounts have these features to let you earn
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more money on unused cash. And
they were historically created because federal banking regulations
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prohibited interest on checking accounts at one
time, and because deposits are a liability
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to a bank on their balance sheet, so fewer deposits mean essentially less risk
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of a run on the bank.
So if the money is in different types
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of investments than that reduces the risk
for a run on the bank. Now,
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Schwab absorbed the one point three trillion
dollars in tedumror Trade client assets on
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Labor Day weekend. Their earnings came
in at seventy seven cents a share,
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beating estimates, but revenues slipped sixteen
percent from a year ago. Shares of
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Schwab moved higher Monday on the news. And you know, if you're one
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of those partners who used tdom error
Trade and is now integrated into Schwab,
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we'd like to hear from you some
of the pros and the cons. We
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get asked a lot about the which
discount brokerage platforms to use. And because
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I'm in private practice, I don't
get much experience on those, so if
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you have any experience you'd like to
share, our phone lines are open six
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ten three six three eleven ten,
so get your calls queued up now.
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Phone lines are open six ten three
six three eleven ten. We'll be back
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with more financial issues right after this. Welcome back to financial issues. We
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are a stewardship ministry helping you make
the most of your money, especially in
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the way that you invest. So
we put forth a biblically responsible investment strategy.
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If you are a partner of the
ministry, you have access to our
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asset allocation models. You also have
access to our by list. You get
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sell alerts when it's time to sell
a particular company, either because they are
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no longer biblically responsible or maybe there
are some company specific issues that we see
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that don't bode well for the long
term. Because we do give you a
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long term strategy, and we encourage
you to stay disciplined, to stay focused,
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and more than anything else, take
your eyes off of your money and
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put them onto Jesus as we encourage
you with scripture and wisdom from the Bible.
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Before the break, I was talking
about the Charles Schwab acquisition of Tedamror
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Trade. Schwab just reported earnings this
morning and that kind of led into some
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other things. So at the end
of twenty twenty, Schwab announced that they
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were going to be acquiring tedm Ror
Trade, which is another discount brokerage,
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and for the most part, you
know, most clients of tedmor Trade didn't
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really see many changes until here recently. So the Tedmeror Trade has now been
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fully assimilated into Schwab. And what
that means for the customers of tdum error
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Trade is that they're going to get
a new account number. If you haven't
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already, you'll also for twenty twenty
three. If this happened during the twenty
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twenty three year, you're going to
get double tax forms. So if you
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have I raise and you're taking distributions, or you have dividends that you earn
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in non qualified accounts, or you
self things that are subject to capital gains
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00:12:01.840 --> 00:12:05.039
or losses, you're going to get
two sets of form, one for your
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old account number and one for your
new account number. So you may want
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to make a note in your tax
file and make sure that you get both
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of those to your tax professional at
the end of the year, you also
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will need to check your payment instructions
on your account. So if you if
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you pay bills or you have automatic
fundings that go to your checking account or
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to to pay certain things, you
need to check those payment instructions to see
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if they have changed. And you
will also need to archive some of your
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historical documents. So a tip for
those you know, I get asked a
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lot in private practice about when we
when we open an account, there's a
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whole slew of paperwork that goes out
to clients, and then you know,
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as we do check up meetings,
there's questions that always come up as they
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say, you know, we get
a lot of stuff in the mail or
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even electronically if they signed up for
electronic statements, But they say, what
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do we need to keep? So
I say, well, that really depends
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as long as you're staying in one
place. If you move into one place
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or out of another place, like
the folks at Schwab from TDM Rior Trade
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will have to do this year,
always keep a copy of your very last
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statement at the place that you're at
and your very first statement of where you
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move to. That will help you
to ensure that all of your assets made
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it over. Now you know,
the electronic transfer system is very is usually
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very accurate, but it's always a
good thing to keep a paper copy of
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those things, or to keep a
downloaded copy on a secure backup that you
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can't lose. And then going forward, always tell people to keep their most
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recent statement, maybe shred that whenever
you get your new one, but keep
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your year end statement. That's going
to help show you what all activity you
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had during the current year. If
you stay with the same brokerage, you
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typically have about ten years worth of
documents that are saved and archived there.
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So if you do change brokerage firms
either move in somewhere else or by choice
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or by force like the tdum ror
trade customers will have to do, then
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you may want to keep some documents, download some documents and keep those safe.
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Well, we did talk about SCHWAB. I don't usually like to name
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names and talk about specific companies on
the air because I think people have selective
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hearing a lot of times, and
they just hear a company and they quickly
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decide whether it's being spoken of in
a positive or a negative light, and
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then they take that as an indication
that they should buy or sell a certain
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company. So I will say this
if you're listening to this program, if
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you're not a partner, don't try
to act on any of the information that
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you may glean from this from hearing
or watching the show live without understanding the
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00:15:07.000 --> 00:15:11.120
partner strategy. And you can become
a partner at our website Financial issues dot
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00:15:11.200 --> 00:15:16.720
org for as little as eighty five
dollars a year. That price is being
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00:15:18.080 --> 00:15:22.600
discussed, so get in now and
get that price while it's still low.
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So don't get any ideas to buy
this Schwab stock if you are following along
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with our biblically responsible investment strategy,
because it is not biblically responsible. So
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Schwab does support abortion and promotes the
LGBTQ agenda with shareholder money. So if
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you don't want the money that God
trusted you to manage, to be supporting
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abortion. And you know, alternative
lifestyles alternative meaning alternative to what God says
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is the way to live. And
you know God's not just some mean God.
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He tells us don't do something.
When he tells us don't do something,
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he means don't hurt yourself. Because
when you do certain things, when
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you break His laws, there are
natural consequences that follow and they are not
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very pleasant. Speaking from experience,
I can confirm that that is true.
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So if you are building your own
biblically responsible portfolio and using our strategy,
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we are grateful for our partners.
But if this does not sound like something
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that you could do on your own, or it doesn't sound fun to you,
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but your heart is to honor God
and you want to be biblically responsible,
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00:16:32.399 --> 00:16:36.480
you could always contact the Timothy Plan. So the Timothy Plan is the
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00:16:36.679 --> 00:16:40.279
pioneer. Timothy Plan. By the
way, next year is turning thirty years
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00:16:40.360 --> 00:16:45.159
old, so awesome. I know
Timothy Plan is a millennial shan. I
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00:16:45.200 --> 00:16:49.120
just realized that they're redeeming the millennials. This is great. Yes, I
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00:16:49.120 --> 00:16:53.360
got invited to their birthday party,
so I'm excited about that. So next
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00:16:53.480 --> 00:16:59.879
July they're turning thirty. But they
are the pioneer for biblically responsible investing.
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00:17:00.200 --> 00:17:04.640
They are equally yoked with financial issues
and virtually every way and have stood alongside
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00:17:04.640 --> 00:17:11.200
of us for more than a decade. So they do provide biblically responsible mutual
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00:17:11.200 --> 00:17:15.960
funds ETFs and retirement plans for investors
who are looking to honor God with the
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00:17:17.000 --> 00:17:19.599
money that they have been trusted to
manage. You can find more information about
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00:17:19.599 --> 00:17:23.480
the Timothy Plan by going to Financial
issues dot org and you can click on
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00:17:23.480 --> 00:17:29.680
the Timothy banner. Or you could
call them directly at eight hundred eight four
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00:17:29.880 --> 00:17:34.680
six seven five to six. Make
sure to tell them that you heard about
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00:17:34.799 --> 00:17:40.160
them on Financial Issues. Well,
our phone lines are open if you want
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00:17:40.160 --> 00:17:44.960
to get your call queued up.
It's six ten three six three eleven ten.
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Well, the United States is thirty
three trillion dollars in debt. We're
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spending trillions more than we bring in
every year. We have hundreds of billions
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of dollars going to fight a war
in Ukraine. And now there's a war
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going on in Israel, who the
United States has traditionally supported, and the
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current administration indicates that we will continue
to support Israel. So Sky News asked
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Janet Yellen whether or not we can
afford to fund wars in the Ukraine and
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Israel, and here's what she said. Paul Judor Jones, the famed investor,
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was on CNBC this week and he
said, this is the most threatening
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and challenging geopolitical environment that I've ever
seen. At the same time, the
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US is in its weakest fiscal position
since World War II, with debt to
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GDP one hundred and twenty two percent. America, can the West afford another
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war at this time? I think
the answer is absolutely. America can certainly
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afford to stand with Israel and to
support Israel's military needs, and we also
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can and must support in its struggle
against Russia. And look, the American
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economy is doing extremely well. Well. I agree with her on one thing.
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America cannot afford not to stand with
Israel, but it has nothing to
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do with money. So yep,
we have so much money that we could
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probably afford to fund both sides of
this war. We'll talk about that a
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little bit later in the show.
But this great piece of money management advice
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from Secretary Yellen can be trusted,
I'm sure, just like her financial warning
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that overturning Roe v. Wade would
be very damaging to the economy since abortion
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is an economic decision, which by
the way, she just debunked. At
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the end of this clip. She
goes on to boast about how strong the
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US economy economy currently is, and
after where we cut it off, she
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goes on to t talk about,
you know, the strength of the US
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economy and how great we are doing
here in spite of overturning Roe v.
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Wade in June of twenty twenty two, about sixteen months ago. So her
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stark warning that, you know,
abortion, overturning Roe v. Wade and
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women having being denied access to quote
unquote healthcare would be a detriment to the
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economy, that warning did not come
to fruition. Well, let's get back
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to our stewardship verse. We're going
to end the CSN program if you're watching
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the shorter version of the show with
a word from the Lord comes from one
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Timothy six' ten. For the
love of money is the root of all
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kinds of evil. Some people eager
for money have wandered from the faith and
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pierced themselves with many griefs. Seth, I love what you said. Would
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you share? Yeah, I'd be
glad you, Shanna. Absolutely. There's
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a lot of misconceptions in this versus. You know, Shanna, We've talked
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about this in various forms before on
the show, but you know, the
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literal translation of this love of money
is the affection for silver, and regardless
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of what the nuances maybe of what
this verse is saying. We can agree
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the love of money, the affection
for silver, is dangerously evil. It's
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good to have a passionate love for
you know, my wife, my kids,
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our spouses, certainly for God,
but absolutely not this kind of love
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for money that gets into dangerous areas
of idolatry. And it's not referring to
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those who were truly saved and then
fell away because their love of money replaced
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their love for God. We believe
in once saved, always saved, absolutely.
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Rather this refers to those who perhaps
we're interested in faith in Christ,
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exploring faith in Christ like the rich
young man in Matthew ten, but chose
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instead to bow the need to money, and could also refer to those who
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maybe make a false profession of faith. Then that profession proves to be false
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when they apostasize and they start to
worship wealth many griefs. Indeed, Shannon,
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money never satisfies in this life,
and it will not keep you out
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of the lake of fire in the
next either. I hope you will all
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go back and listen to that much
slower, because there's so much there.
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You know. The love of money
is the greedy to desire for it and
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the willingness to gain it Unethically,
God can trust those who love him immensely
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with endless amounts of money, because
they treasure him so much more, and
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we give it all away to get
more of him. The first part of
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this verse is probably one of the
most misquoted verses of scripture, but the
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second part is hardly even mentioned.
And some, by longing for it money,
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have wandered away from the face at
faith and pierced themselves with many sorrows.
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I think of judas he was in
charge of the money bag and part
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of Jesus's inner circle. He must
have witnessed so many miracles, and I
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often think what I would give to
be have been one of Jesus's inner circle.
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So how did the love of money
correct his heart when he and he
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was able to sell his devotion for
Christ. I think we should ponder on
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that in our own lives. We've
got to take a short break, but
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we're going to be back with more
financial issues right after this. Securities offered
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through Ga Repel and Company, a
registered broker dealer and Investment Advisor member FINRA
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and SIPC Opinions expressed by Shanna or
hers alone, and are for informational purposes
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00:23:11.039 --> 00:23:15.359
only and do not necessarily represent those
of ga Repel or the outlet on what
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00:23:15.440 --> 00:23:18.880
you are listening. You should consider
how the information applies to your situation prior
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to personally implementing it, and consult
any financial professional you work with to make
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sure it's applicable to your financial plan. Welcome back to financial issues, where
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we're helping you make the most of
the money that God has given you to
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manage, because we believe that He
owns it all. Well. I got
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kind of in a rush there at
the end of the last segment, didn't
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get to finish all my thoughts about
the scripture for today from one Timothy six
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' ten. The second part of
that, the first part is the one
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that we know it is the love
of money is the root of all kinds
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of evil. But the second part
says that some, by longing for it,
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have wandered away from the faith and
pierced themselves through and through with many
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sorrows. I think of judas you
know, he was in charge of the
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money bag and part of Jesus's inner
circle. He must have witnessed so much,
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so many miracles, just the love
and the compassion of Jesus. Can
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you imagine, you know, being
able to travel around doing ministry with Jesus
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that often think about what I would
give up to have been able to be
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one of Jesus's inner circle when he
walked on the earth set. Yeah,
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yes, Jann I was just thinking. All he also heard Jesus preach like
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every day. I mean, that's
literally the best pastor in the world's history.
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And Judas heard him like every day
for three years. It's it's humbling
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when when we realize where his heart
belonged, and even with being with Jesus
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for that long, Yeah, absolutely
so, it just makes me wonder,
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you know, how did the love
of money so corrupt his heart that he
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was able to sell his devotion to
Christ for the price of the slave.
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But before I get holier than now
on Judas, I have to stop and
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thank God that I'm not battling those
same demons of greed that Judas faced.
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You know, thank you Jesus for
the warnings about loving wealth. Seeking after
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money only makes us hungry for more
money because it doesn't have the power to
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satisfy us. Seeking after Jesus brings
many blessings. Yes, sometimes that blessing
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is money, but money is just
the side blessing. True wealth is the
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unbreakable connection, confidence, and communion
that comes from seeking Jesus rather than money,
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and there is no sorrow that comes
with that kind of wealth. More
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on that tomorrow. We'll dig into
that a little bit tomorrow. If you
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00:25:36.359 --> 00:25:40.960
want to get the full version of
the show, go to podcast, Apple
326
00:25:41.039 --> 00:25:44.599
or Spotify, or get our phone
app. That's the best way to make
327
00:25:44.640 --> 00:25:48.319
sure that you never lose contact with
us. You'll be able to get all
328
00:25:48.359 --> 00:25:52.200
of our old shows, whether your
Apple or Android. You can just download
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00:25:52.240 --> 00:25:56.559
that phone app. You also get
the news program that comes on every weekday
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00:25:56.680 --> 00:26:00.839
night at six pm Central time seven
Eastern time, a thirty minute broadcast of
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00:26:02.559 --> 00:26:06.559
all of the headlines that you really
need to know, with none of the
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00:26:06.599 --> 00:26:11.440
other junk added to it. So
let's get to our phones. We've got
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00:26:11.440 --> 00:26:17.119
some John's and the phone line.
It's a job party. Let's get to
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00:26:17.200 --> 00:26:22.279
John from Illinois. First, Hi, John, your own financial issues?
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00:26:22.799 --> 00:26:27.759
Hey John? Can hear us?
I ken? Hello? Hello? You
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00:26:27.759 --> 00:26:33.599
want to share some thoughts with our
audience? Oh, good morning, Shanna,
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Yeah, I have I was,
I can can you hear me,
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got you loud, Claire? Oh, yes, I do. So.
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00:26:44.119 --> 00:26:52.839
I was with TD Ameritrade and they
switched me over to Schwab and I called
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them to find out about the Timothy
Plan funds and they told me basically that
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I could keep them, but I
could never buy any more. So that
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00:27:04.200 --> 00:27:08.000
caused me to switch everything over to
each Trade, which they said I could
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00:27:08.039 --> 00:27:14.880
buy more in the future. And
the downfall was that I don't think I'm
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going to get my cost basis information
transferred over. With that, it seems
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00:27:19.640 --> 00:27:27.480
like I've lost that m Is it
a qualified or non qualified account? I
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00:27:27.599 --> 00:27:36.279
have a rough and traditional so qualified
basically. Okay, Well, the good
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00:27:36.319 --> 00:27:40.960
news is that you probably won't need
that cost basis for tax purposes. But
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00:27:41.440 --> 00:27:45.960
if you kept your last statement or
one of the recent statements before you transferred,
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I bet that statement has your cost
basis on it, and a lot
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00:27:49.799 --> 00:27:55.720
of times you may call their their
support number. But there is a way
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00:27:55.720 --> 00:28:00.920
that you can provide your own cost
basis to most bro bridge platforms. I'm
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00:28:00.920 --> 00:28:03.480
not for sure if you can do
that with e Trade or not, but
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00:28:03.759 --> 00:28:06.680
if you provide that to them,
or there may be a place where you
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00:28:06.720 --> 00:28:10.000
can go in and manually enter it, but there'll be a note that it
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00:28:10.039 --> 00:28:12.000
was that it was provided for you, but you could you could try that
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00:28:12.079 --> 00:28:18.880
route and see if you can get
it updated. Oh great, great,
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00:28:18.880 --> 00:28:22.720
thank you. And then I'm but
I do have that information that's play in
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that track too, So good,
really appreciative of that. Well sounds good.
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So yeah, thanks for calling and
sharing your your experience and I know
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that's helpful to so many people who
were maybe just getting started and wondering where
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to get started. Thank you,
John, have a good date, all
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right you as well. All right, let's see do we have anything from
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social anything going on to s Yeah, we got a couple of comments here
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just in regards to what you said
earlier about people sharing their testimonies for switching
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brokerages. So Morgan from Kansas City
said, overall, SCHWAB he felt like
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much better than TDMER trade was,
especially for preferreds. TDA did not recognize
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many preferreds and had none of the
unique data needed for preferreds, but treated
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00:29:07.680 --> 00:29:08.839
them just like common stocks. So
he's glad to be with Schwabs. That's
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00:29:08.880 --> 00:29:12.440
good. Okay, yep, we
got Jan saying good morning, bless you.
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Financial issues family Less you too,
Jan yep, and then fill up
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00:29:17.759 --> 00:29:19.680
on Facebook is saying I had a
small account with TDM error Trade, but
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never liked the format, so I
didn't put any deposits the last few years.
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However, with the new Schwab convert, with a new Schwab conversion,
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it's so much more user friendly that
I think I'll use it more. Dan
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00:29:29.839 --> 00:29:32.920
was a little worried with this merger
back in twenty twenty that Schwab wouldn't let
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00:29:32.960 --> 00:29:36.200
us buy Timothy ETF. So hopefully
that won't happen and I can continue buying
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from my portfolio. So just another
yeah, the Timothy ETFs shouldn't be affected
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at all because ETFs trade like stocks. It's the Timothy mutual funds that you
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know that we are concerned with,
because for mutual funds, broker dealers have
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00:29:51.920 --> 00:29:57.200
to have a dealer agreement with mutual
fund companies in order to offer their funds
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on their platform. And I can
tell you that it's not The problem is
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not on the Timothy side, because
Timothy would allow them to use their funds.
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It is a decision by Schwab,
and I do remember Dan being very
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concerned about that. With I think
The real fly in the ointment for Schwab
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00:30:18.400 --> 00:30:26.039
is the Israel Fund. So yeah, the good news is that you're not
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00:30:26.400 --> 00:30:29.880
investing in Schwab. You're not investing
in a Merrior Trader or e trader,
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00:30:30.240 --> 00:30:33.200
you know, whatever it might be. Whenever you're using their platform, you're
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00:30:33.240 --> 00:30:37.079
just using a product. And as
Dane used to say, there are no
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00:30:37.240 --> 00:30:45.359
biblically responsible brokerage firms. But so
you can use those platforms without you know,
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00:30:45.400 --> 00:30:47.440
having to worry about it. But
you just want to make sure that
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you have access to everything that you're
going to need. Awesome. Shanna One
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00:30:51.039 --> 00:30:52.880
more snuck in over on YouTube Austin, one of our faithful YouTube listeners,
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saying, regarding Yellen's comments, can
we also afford to defend Taiwan from China?
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Right now? I think the answer
is built the question, and it's
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00:31:00.599 --> 00:31:07.200
kind of rhetorical. Yeah, because
because America is God right, our responsibility
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to defend every country and you know, folks, we got to read our
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Bibles. We just got to make
sure that we're on the right side.
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You know, things are happening very
very fast right before our eyes, and
399
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you know, if you want to
be prepared, the best thing that you
400
00:31:19.920 --> 00:31:25.119
can do. Go to financial issues, click on the resources tab, and
401
00:31:25.160 --> 00:31:27.240
then click on do you want to
know God? Because that is the only
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00:31:27.359 --> 00:31:36.200
way to have peace and security in
this very uncertain world. Things are going
403
00:31:36.240 --> 00:31:38.920
to continue to happen. They're going
to continue to get worse. We're seeing
404
00:31:38.920 --> 00:31:45.279
these things unfold before our eyes.
But the scripture reminds us time and time
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and time again, do not worry, be of good courage. I think
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I hear a lot that there's three
hundred and sixty five references to encouraging us
407
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to not be afraid. You know, fear is not from the Lord.
408
00:31:59.119 --> 00:32:02.039
Fear is from the enemy. And
sometimes, you know, fearceceeds for false
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00:32:02.079 --> 00:32:07.839
evidence appearing real. Sometimes the thing
that we fear the most doesn't even have
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to happen for us to experience the
negative consequences. If we're afraid, it
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causes it freezes us, It does
things to our physical body, stress responses
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in our body, hormonal responses that
can break as much havoc as are more
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havoc than the actual thing that we're
scared of actually happening. So do not
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be afraid, be of good courage. Read your Bible, Feast on your
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Bible well, folks, we're about
to hear from Craig Halgert with the AG
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00:32:32.200 --> 00:32:36.039
report. We're going to take a
short break and then we'll be back with
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more financial issues. You can get
your call queued up six ten three six
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three eleven. Creat how guard with
your financial issues. Egg update for October
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seventeenth. Well Coin continues to struggle
in the export market as Brazil continues to
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undercut the US market in the spot
position, and this week saw that advantage
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extend all the way to the March
time slot. US coin crop is now
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forty five percent harvest, and we're
still seeing producers reluctant sellers, which is
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causing some domestic processors to start pushing
their bids. Yesterday's clothes had December corn
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three and a quarter cents lower and
four dollars and ninety cents per bushel.
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00:33:09.480 --> 00:33:14.519
Soybeans received a bullish surprise when the
September crush numbers came in at one hundred
426
00:33:14.559 --> 00:33:16.640
and sixty five and a half million
bushels. That was three point eight million
427
00:33:16.640 --> 00:33:21.279
bushels above what the trade was looking
for. We also saw stronger than expected
428
00:33:21.319 --> 00:33:23.680
soybean oil usage. In fact,
it pushed the soybean oil stocks, down
429
00:33:23.720 --> 00:33:28.839
their lowest number in five and nine
years. At the closed November beans were
430
00:33:28.880 --> 00:33:32.119
six cents higher at twelve eighty six
and a quarter. WE continues to struggle
431
00:33:32.160 --> 00:33:37.480
with poor export demand. Weekly export
inspections came in at thirteen million bushels as
432
00:33:37.519 --> 00:33:40.880
we continued to slip behind the pace
needed to hit the USDA's annual export projection.
433
00:33:42.079 --> 00:33:45.160
Russia continues to dominate the international wheat
market. Is it maintaining anywhere between
434
00:33:45.160 --> 00:33:50.319
a sixty and eighty dollars per metric
ton discount to US hard red winter wheat
435
00:33:50.559 --> 00:33:53.400
At the Colos Minneapolis December we was
actually six and three quarters cents higher at
436
00:33:53.440 --> 00:33:58.039
seven twenty eight and three quarters.
Kansas City dropped by a quarter center close
437
00:33:58.079 --> 00:34:00.200
at six sixty seven and three quarters
in Chicago was two and a half cents
438
00:34:00.240 --> 00:34:04.759
lower at five seventy seven and a
quarter. Cotton future has been trading in
439
00:34:04.799 --> 00:34:07.199
the same basic trading range since mid
July. A third of that crop has
440
00:34:07.239 --> 00:34:10.440
now been harvested, with bowls open
on eighty seven percent of the crop.
441
00:34:10.599 --> 00:34:16.360
Yesterday's clothes said December futures ninety one
points lower eighty five fifteen Livestyle futures all
442
00:34:16.400 --> 00:34:21.280
struggled. December Live caliber twenty cents
lower one hundred and eighty seven dollars and
443
00:34:21.320 --> 00:34:24.039
twenty five cents per hundredweight. November
Feeder CATL dropped by a dollar and sixty
444
00:34:24.039 --> 00:34:27.960
five cents to close at two hundred
and forty nine dollars ninety two and a
445
00:34:28.000 --> 00:34:31.719
half cents per hundred and December leanhat
futures were a dollar twenty lower at sixty
446
00:34:31.719 --> 00:34:36.400
eight dollars and thirty cents per hundred
and Class three milk futures been in an
447
00:34:36.400 --> 00:34:39.760
extremely tight trading range for the past
month. Yesterdays Clothes said November futures two
448
00:34:39.840 --> 00:34:44.960
cents lower at seventeen thirty nine.
Well, this has been Craig. Howguard
449
00:34:44.960 --> 00:34:47.679
with your financial issues, agg update. We'll be right back with more financial
450
00:34:47.679 --> 00:35:01.000
issues after this. The opinions and
recommendations pressed on this program do not necessarily
451
00:35:01.039 --> 00:35:06.559
represent the opinions of the station or
any of the program's sponsors. Additionally,
452
00:35:06.599 --> 00:35:09.599
all products or services offered by the
program sponsors may not be known by the
453
00:35:09.639 --> 00:35:16.800
program. Welcome back to financial issues. Our phone lines are open this morning
454
00:35:16.920 --> 00:35:22.360
if you're listening live between the eight
and nine o'clock hour Central time in the
455
00:35:22.400 --> 00:35:25.840
mornings. Now, we did have
two John's on the phone line. We
456
00:35:25.880 --> 00:35:29.599
got to one, but we lost
the other one. So if you were
457
00:35:29.639 --> 00:35:31.679
the other John that was waiting in
the call queue, get your call queue
458
00:35:31.719 --> 00:35:36.239
back up. If you can do
that the next minute or so, we'll
459
00:35:36.239 --> 00:35:38.000
get you in. In this last
segment before the end of the program,
460
00:35:38.119 --> 00:35:43.760
six' ten three six three eleven
ten. And that was John from Alabama,
461
00:35:43.840 --> 00:35:45.280
by the way, Alabam Alabama.
Yep, yep. We had John
462
00:35:45.320 --> 00:35:49.840
from Illinois and John from Alabama.
So John from Alabama, if you're listening,
463
00:35:49.880 --> 00:35:52.639
give us a call back. We'd
love to hear what you have to
464
00:35:52.639 --> 00:35:57.039
say. Well, home sales are
on track for the slowest year since the
465
00:35:57.119 --> 00:36:01.119
housing bust. High prices and high
interest are dragging sales to their lowest levels
466
00:36:01.159 --> 00:36:06.079
since the two thousand and eight crisis. Year to day, through August of
467
00:36:06.119 --> 00:36:09.360
twenty twenty three, home sales had
yet to eclipse the three million mark and
468
00:36:09.440 --> 00:36:15.239
the last twenty three years. The
lowest yearly home sale level was in two
469
00:36:15.239 --> 00:36:21.880
thousand and eight, sitting at just
over four million. So downsizers are also
470
00:36:22.039 --> 00:36:28.119
seeing less economic benefit of downsizing due
to this trend. According to realtor dot
471
00:36:28.159 --> 00:36:31.440
Com, the number of homes for
sale that measure between seven hundred and fifty
472
00:36:31.480 --> 00:36:37.639
square feet to seventeen hundred and fifty
square feet, the range that downsizers tend
473
00:36:37.639 --> 00:36:44.760
to prefer dropped by forty one percent
since twenty nineteen, and the prices for
474
00:36:44.800 --> 00:36:50.760
these homes are fifty percent higher than
they were before COVID. So this is
475
00:36:50.880 --> 00:36:55.840
just one more way that bidnomics is
hurting the average American inflation like we haven't
476
00:36:55.920 --> 00:37:02.440
seen in decades, in decades.
But it's okay because Yellen said the economy
477
00:37:02.480 --> 00:37:06.639
is good, yep yelling test,
the economy is good, and you know,
478
00:37:06.760 --> 00:37:09.679
by all economic measures, which some
of them do lag quite a bit,
479
00:37:10.159 --> 00:37:15.159
the economy does appear to still be
strong. But you know, we
480
00:37:15.239 --> 00:37:19.000
can't keep going the way that we're
going, burning the wheels off, the
481
00:37:19.000 --> 00:37:22.400
printing press at the Federal Reserve,
just printing more money. It's not the
482
00:37:22.519 --> 00:37:28.239
answer to everything. It's worked for
a while, it may continue to work
483
00:37:28.239 --> 00:37:30.280
for a little while longer, but
eventually the wheels are going to fall off.
484
00:37:32.000 --> 00:37:37.320
Well let's see, let's get to
those social comments. Yeah sounds good,
485
00:37:37.320 --> 00:37:40.599
Shannon. We got one that came
in from franccene in Florida, saying
486
00:37:40.639 --> 00:37:44.960
I was upset with my advisor in
Vanguard. Dude, are just neglecting my
487
00:37:45.000 --> 00:37:47.199
desire to not be an ESG fund. So, being uncomfortable, I pulled
488
00:37:47.199 --> 00:37:51.639
all my funds of three hundred thousand
into cash position, thinking that was safer
489
00:37:51.639 --> 00:37:53.519
at this time. I come to
find out the cast position is really invested
490
00:37:53.519 --> 00:37:58.039
in federal money market funds. Isn't
that more volatile? Now I'm thinking I
491
00:37:58.039 --> 00:38:00.039
should just take each fund and make
those chol that you recommend. What do
492
00:38:00.039 --> 00:38:06.239
you think, Shanna Well Francine,
I would support your conclusion there. I
493
00:38:06.239 --> 00:38:08.079
think it would be good if you
are concerned about ESG. If you are
494
00:38:08.119 --> 00:38:13.960
concerned about putting christ first in your
portfolio, make the switch over. You
495
00:38:14.000 --> 00:38:17.280
can follow either the mutual fund ETF
strategy, or you can build your own
496
00:38:17.320 --> 00:38:22.400
portfolio with companies that are on our
buy list. There are lots of great
497
00:38:22.480 --> 00:38:27.480
videos ways that you can help you
get started in doing this for yourself.
498
00:38:27.880 --> 00:38:34.360
Now, the federal money market position
should be stable, it should it should
499
00:38:34.400 --> 00:38:37.920
not be volatile, So you know
I would I would take a second look
500
00:38:37.960 --> 00:38:39.800
at that and make sure, maybe
give them a call and ask them to
501
00:38:39.800 --> 00:38:45.079
put you in the most stable money
market while you're waiting to get those funds
502
00:38:45.360 --> 00:38:49.719
redeployed. And I would also say, don't be in a hurry to get
503
00:38:49.719 --> 00:38:52.199
them redeployed. I don't know how
old you are. You know you don't
504
00:38:52.239 --> 00:38:55.920
want to sit in cash for too
long. But cash isn't the most terrible
505
00:38:55.960 --> 00:39:01.679
place right now. Most money markets
are are paying between you know, ford
506
00:39:02.039 --> 00:39:06.800
a little over five percent, So
it's a good thing. We haven't seen
507
00:39:06.840 --> 00:39:10.159
that a long time. It's a
good thing to get five percent while you're
508
00:39:10.199 --> 00:39:15.079
waiting to redeploy that cash. Well, we don't have John back, but
509
00:39:15.119 --> 00:39:22.480
we've got another another disciple, right, We've got James calling from Arkansas.
510
00:39:22.559 --> 00:39:29.280
Hi, James, you're on financial
issues. Hi, this is really a
511
00:39:29.320 --> 00:39:32.800
testimony, not really a question.
I'm not really a calling guy. So
512
00:39:32.840 --> 00:39:38.280
I'm pretty nervous, but doing great, James. I thank you. Seth.
513
00:39:39.840 --> 00:39:45.480
So, I've listened to financial issues
for more than fifteen years, and
514
00:39:45.719 --> 00:39:52.960
I was kind of I converted Smoothie, but I tried to give my advisor
515
00:39:53.119 --> 00:40:00.280
to move my investments into Timothy Plan
when I started listening to to Dance Feel
516
00:40:00.320 --> 00:40:06.920
You years ago, and he wouldn't
do it. And then this guy I
517
00:40:06.960 --> 00:40:12.039
mean, my advisor was a Christian
friend from church. But and then he
518
00:40:13.119 --> 00:40:19.960
shifted into Wells Fargo and I followed
him there. And finally, I would
519
00:40:20.039 --> 00:40:28.480
say a gnawing conviction as I listened
to Dan and God bless him man and
520
00:40:28.480 --> 00:40:36.119
his family. That moved my heart
to shift all that I could of the
521
00:40:36.239 --> 00:40:43.760
investments into Timothy, the Timothy Plan
model. And I told God then that
522
00:40:44.239 --> 00:40:49.800
it was twenty fifteen that I would
that I would do it even if I
523
00:40:49.840 --> 00:40:52.920
lost money, you know, just
so be it. That's I need to
524
00:40:52.920 --> 00:40:59.519
follow God and God in his direction, and if I lose money, then
525
00:41:00.159 --> 00:41:15.559
so be it. But I made
that shift and actually Dan then after Dan
526
00:41:15.679 --> 00:41:20.760
died, I got the Tracker tool
as well. I've been a partner a
527
00:41:20.760 --> 00:41:29.360
long time and I just have to
praise God because he has blessed my portfolio
528
00:41:30.679 --> 00:41:37.559
far beyond what was happening with it
with Edward Jones or Wells Fargo. Uh.
529
00:41:37.639 --> 00:41:45.079
And He's He's just blessed me through
financial issues and the Timothy Plan.
530
00:41:45.679 --> 00:41:50.079
And Shannon, you you've been a
great blessing since coming on as well.
531
00:41:51.280 --> 00:41:58.480
Thank you, James Professional, Thank
you for sharing your testimony. It reminds
532
00:41:58.559 --> 00:42:01.079
me of what Dan used to always
say when people would call in and say,
533
00:42:01.119 --> 00:42:04.480
you know, well, I talked
to my advisor and they said the
534
00:42:04.480 --> 00:42:07.480
Timothy funds aren't good, or you
know, they said, you can't really
535
00:42:07.480 --> 00:42:10.159
do biblically responsible investing, and they're
you know, they go to church with
536
00:42:10.199 --> 00:42:14.199
me and these, you know,
all all of these compelling arguments, and
537
00:42:15.079 --> 00:42:20.159
just like you, James, they
had this gnawing conviction in their hearts and
538
00:42:20.199 --> 00:42:23.440
they just couldn't get peace doing what
they were doing. The same thing happened
539
00:42:23.440 --> 00:42:27.719
with me as well, and you
know, I came up against a lot
540
00:42:27.719 --> 00:42:31.039
of pushbacks as well. But I
just in my experience, I've never had
541
00:42:31.199 --> 00:42:36.719
true peace unless I've been in the
middle of God's will and do it,
542
00:42:36.800 --> 00:42:39.880
going and doing what He led me
to do. So congratulations, but it
543
00:42:39.920 --> 00:42:45.519
reminds me of what Nan used to
say. Don't ever let a financial advisor
544
00:42:45.039 --> 00:42:51.320
rob you of the joy of honoring
God with your portfolio. You know you,
545
00:42:52.280 --> 00:42:55.079
yes, yes, So thanks for
sharing that, and I hope that
546
00:42:55.199 --> 00:43:00.800
encourages more people to check out our
strategy as well to honor Godes. I
547
00:43:00.880 --> 00:43:07.480
pray encourages you andself as well.
And God bless you folks. Thank you
548
00:43:07.559 --> 00:43:10.960
Jane, God bless you brother.
Yes, absolutely, well, folks,
549
00:43:12.079 --> 00:43:14.679
you know the reason that we do
this. We put God first in our
550
00:43:14.719 --> 00:43:17.519
portfolio because you know, one day, every knee is going to bow and
551
00:43:17.599 --> 00:43:22.079
every tongue will profess that Jesus is
Lord. And why not do that now
552
00:43:22.519 --> 00:43:27.559
out of our own choice, rather
than be forced to do that with regret
553
00:43:27.800 --> 00:43:30.480
and weeping and gnashing of teeth later. And you know, before Jesus went
554
00:43:30.519 --> 00:43:34.159
back to heaven, he warned us
of all of the things that were going
555
00:43:34.239 --> 00:43:37.119
to come. He didn't give us
great detail, but he told us that
556
00:43:37.199 --> 00:43:40.400
wars and rumors of wars would happen. And you know that's exactly what we're
557
00:43:40.400 --> 00:43:45.440
seeing play out before our eyes with
Russia and Ukraine and now Israel and Hamas.
558
00:43:47.000 --> 00:43:51.920
And our sign of the time for
today is that the US is now
559
00:43:52.000 --> 00:43:58.599
selecting two thousand troops for deployment to
Israel to aid in the Israeli Hamas War.
560
00:43:59.159 --> 00:44:02.039
On Monday, The Wall Street Journal
reported that these troops are not intended
561
00:44:02.039 --> 00:44:08.400
to serve in combat, but would
instead help to advise Israel the Israeli military
562
00:44:09.599 --> 00:44:15.360
and assist in medical support missions.
Well, in my opinion, they're probably
563
00:44:15.360 --> 00:44:21.000
going to have to advise Israel on
how to defend against the weapons that we
564
00:44:21.119 --> 00:44:25.320
left in Afghanistan that are most likely
going to be used against them, if
565
00:44:25.320 --> 00:44:34.320
they aren't already well. An Israeli
commander said way back before this conflict started
566
00:44:34.719 --> 00:44:39.280
that US small arms that were left
behind after the botched withdrawal from Afghanistan have
567
00:44:39.440 --> 00:44:45.119
made their way into the hands of
Palestinian terror groups in the Gaza Strip.
568
00:44:45.760 --> 00:44:53.000
The US abandoned more than seven billion
dollars in military equipment in our chaotic withdrawal
569
00:44:53.199 --> 00:44:59.079
that was a disgrace to the United
States under the Biden administration. The Israeli
570
00:44:59.159 --> 00:45:04.239
commander told Week in June of twenty
twenty three that Israeli defense forces have seen
571
00:45:04.320 --> 00:45:12.480
the weapons in use by terrorists in
Gaza. The commander expressed concern that they
572
00:45:12.519 --> 00:45:19.760
can research capabilities and then learn how
to manufacture them. I'm talking especially about
573
00:45:19.880 --> 00:45:23.400
Iran, the commander said. He
said that the IDF was very worried that
574
00:45:23.480 --> 00:45:30.400
some of these capabilities are going to
fall to Hesbalah and Hamas' hands. Multiple
575
00:45:30.400 --> 00:45:37.079
news reports indicate that Iran has been
reverse engineering US weapons technology, including drones,
576
00:45:37.840 --> 00:45:45.039
So folks there is I guess we
are funding both sides of this conflict,
577
00:45:45.559 --> 00:45:49.199
you know, funding the terrorists with
all of the things that we left
578
00:45:49.239 --> 00:45:54.119
in Afghanistan because I guess it was
too expensive to get seven billion dollars worth
579
00:45:54.159 --> 00:46:01.000
of military, state of the art
military equipment back to the United States,
580
00:46:01.320 --> 00:46:08.559
so we just left it there and
the Afghanistan the Taliban has This has been
581
00:46:08.559 --> 00:46:14.519
an endless source of funding for the
Taliban as they've sold off all of these
582
00:46:15.800 --> 00:46:19.719
all of this equipment that we left
over there. So such a shame.
583
00:46:19.760 --> 00:46:25.440
Now we're fighting ourselves. Great wisdom. Well, folks, the good news
584
00:46:25.559 --> 00:46:30.280
is Jesus is coming back and he's
going to rule from Jerusalem one day.
585
00:46:30.599 --> 00:46:34.000
So let's make sure that we're right
with him. Let's make sure that we
586
00:46:34.039 --> 00:46:37.719
honor him everything we have is his
time is getting short. He is coming
587
00:46:37.760 --> 00:46:40.800
back. When he returns, there's
going to be a test. May we
588
00:46:40.920 --> 00:46:46.239
be found doing his work and being
a good and faithful steward with everything he
589
00:46:46.320 --> 00:46:51.880
trusted us to manage. Come back
tomorrow for more financial issues check us out
590
00:46:51.920 --> 00:47:04.320
in the meantime Financial issues dot org. If we ever forget that we're one
591
00:47:04.440 --> 00:47:08.559
nation under God, then we will
be a nation gone under Thank you for
592
00:47:08.679 --> 00:47:16.480
joining us This has been an FISM
production. You're listening to financial issues with Shanna Burt
