LV Plummer Jr

We're "Asking the Expert with Certified Financial Planner L V Plummer Jr., on The Bev Johnson Show on WDIA Radio.

Episode Transcript

Speaker 1 (00:07):
Good morning and welcome in the wdi A The Bev
Johnson Show. It is indeed a pleasure to have you
with us once again on this Tuesday, August.

Speaker 2 (00:20):
Twentieth, twenty twenty four.

Speaker 1 (00:24):
Enjoy this fabulous day to day, put your ears on
as we go into session, and always glad to have
him here. But first, let me tell you that securities
advisory services offered through l p L Financial, a Registered
Investment Advisor number of FINRA and Sipsey. The opinion is

(00:46):
expressed of those of Lawrence Palmer, Junior, Certified Financial plan
of Practitioner, LPL Wealth Strategists LV and Plumber Wealth Strategists.
We'll be offering a complimentary consultation to the first ten
callers and the first people who book online and let
me give you that number nine zero one seven four
eight zero zero five zero nine zero one seven four

(01:10):
eight zero zero five zero or go online. Just go
to Pwsplanning dot com. Send them an email by clicking
the contact us button to schedule your complimentary consultation with LB. Yeah,
email LV at Pwsplanning dot com. Service at Pwsplanning dot com.

(01:33):
Also note that you can navigate to our website TWS
Planning dot Com and always let me say, I'm gonna
say this, Bog sur musha, I gotta go with that,
bog sure sure, LB Probert Junior, Welcome back, LB.

Speaker 2 (01:53):
Y'all went to Paris?

Speaker 3 (01:55):
What Bev? It was? You know, I don't even know
where to start. First off, I spent two weeks in
France and in two different parts of France, and I
still have not come back with any more skill or
competency in speaking French. I barely even can pronounce von
here at this point. I tried my best. I embarrassed
my wife at least untender for an occasions when we

(02:15):
were there. So it was it was in light of
my lack of affluency in the French language. We had
a fantastic time. I'm really glad to be back in
the States. My clients. Thank you so much for being
patient with me as I've been gone. And Bev, I
think I told you the reason we went to the Olympics, right,
It was our It was our ten year wedding anniversary.
I think I mentioned that in the last.

Speaker 2 (02:35):
Show you did you did?

Speaker 3 (02:38):
Yep? Yeah, So that was why we ended up making
making it a thing and and honestly, bebe of you.
I don't know. I know you travel a lot. I
don't know if he's been to Paris.

Speaker 2 (02:45):
I've always wanted to go.

Speaker 3 (02:47):
Oh my god, Oh my god. I'll say this objectively,
just like you, Bev, I tried to get around as
much as I can when it comes to travel. It
was the best trip we have ever taken in our lives.
If you've been one of those people that has on
the fence about going to Europe because all the stuff
going on in the world and all this stuff happening,
that might make a little bit fearful to go somewhere else.
Right now, I will tell you right now, that was

(03:09):
probably the nicest city I've seen. We've got to see
the whole city. We got to have lunch and dinner
and the bistros, and we got to see all the
different interest points with the museums and the louver and
just it was just again phenomenal from top to bottom,
not even mentioning the games themselves. The games themselves, that
were just again probably the best experience my wife and
I have ever had together. We got to see track

(03:31):
and field, we got to see fencing, we got to
see beach volleyball easily again. Just one of those lifetime
trips that you, if you're blessed of, just take it once.
If you can. One last thing, I'll say, La twenty
twenty eight, bb, I better see you there for the Olympics.

Speaker 1 (03:46):
Here.

Speaker 3 (03:47):
If you didn't make it to Paris, you have no
excuse in twenty twenty eight to make it in La.
It's going to be in our neighborhood, so at least
our our domestic neighborhood. So the Olympic experience is just
something that I believe everyone, at least once in your life,
you should do one last thing, Bev, and I promised,
move on. I think the best thing about the Games

(04:08):
I've been telling my clients about when I got back was,
like I said earlier, there's a lot of bad things
in the world right now, a lot of wars going on,
a lot of you know, political stuff happening, and it
was just a unifying experience seeing everyone with their flags,
dance and having fun, high fiving everyone cheering on the games.
It was just a weird, utopian like two weeks we

(04:29):
had where the world kind of forgot about its problems
for a brief moment and everyone was just supporting their country.
It was just a fantastic time and one of those
things that I was just, you know, again, just really
really grateful we were able to make it a thing.
So thank you all for being patient. I know a
lot of our clients came from the show and you
didn't hear from me for a while, So thank you
for all for letting me take that time with my
family and my wife to be able to enjoy and

(04:50):
again now I'm back, Bev and ready to dive in.
So thank you for having me back after that trip.

Speaker 2 (04:56):
You're so welcome.

Speaker 1 (04:57):
I'm glad you and your lovely wife had a fabulous
time in Paris.

Speaker 2 (05:01):
You deserve it.

Speaker 3 (05:02):
LV, Well, thank you, you appreciated that, you.

Speaker 2 (05:06):
Welcome, You welcome.

Speaker 1 (05:07):
Our topic of conversation this day, y'all is tuning out
the noise, staying on track with your wealth building and
LV let me tell I want to dive right into
the title of the show.

Speaker 2 (05:23):
What kind of.

Speaker 1 (05:23):
Noise, LVY are you referring to and how do you
advise clients to tune it out?

Speaker 3 (05:31):
Yeah, so, you know, like I just mentioned, it's a
it's a crazy time, Bevan, and I think everyone who's
been listening to me on the show for as many
years as we've done, this really understands my perspective, not
just as an advisor but as a person. Right whenever
we come to twenty twenty fours years like this year,
where God help me be, there's every time I see
a new client, there's an article that someone read, there's

(05:52):
a radio host that said something in cyndiary, you know,
there's a there's some Facebook article that's being you know,
shifted around. Everyone just has their theories and everyone is
hearing all of this different, all these different just again
just noise out there in the world. So this is
really a time where I try to tell my clients listen,
let's try to discern what's important information and what is

(06:15):
information that's meant and built and purpose to simply scare
you into doing something that's going to make someone else
some money. If you're to click on that button, then
of course, be fearful. So that's the whole point of
today's show. I really want to talk about that noise.
I want to talk about, you know that if I
don't like doing it, But a little bit about the
political world, a little bit about the economic world, what's
happening geopolitically overseas. I want to talk about what people

(06:36):
should be doing with their wealth and years like we
have in twenty twenty four, because this is a really weird,
unique year where there's a lot of good things happening,
there's a lot of bad things happening. Our outlook for
twenty twenty five is changing, I feel like every single day.
And you know, it's just one of those things where
I want people if you're able to extract a little
bit of data and information from me in the show
that will help you make a good decision going forward

(06:57):
on maybe something you're talking with your advisor about, or
if you want want to call us, As you mentioned, Bed,
we're open to the first ten calls some things that
you may want to discuss that you've been thinking about
with your friends, or your family or your trusted sources.
You know, it's one of those things where I just
want to make sure that we talk about hot button
topics and really, what are those things you should be
taking from the news, taking from the economic data releases

(07:18):
we're seeing, and just making sure that everyone is smart
in years like this year when everything is going topsy turvy.
So that's the whole point today again discerning between the good,
the bad, and the ugly, and how to use good
information to make good decisions. Good.

Speaker 2 (07:33):
Okay, I'm glad.

Speaker 1 (07:34):
I'm glad, so Elvy, let's move on to one example
of noise that just happened a week or two ago.

Speaker 2 (07:43):
How is your office.

Speaker 1 (07:44):
When we saw that nasty stop. I saw that LV
market drop in early August.

Speaker 4 (07:51):
It's funny you say that bad because you know, this
whole year, this whole year, things were I mean, I
would say this and I tell clients all the time
that the markets in the world of finance, it's never
a straight line, and that you know that the markets
are up there down their tops of turvy.

Speaker 3 (08:04):
It's just it's always a roller coaster, right, And we
had a roller coaster this year. But we had one
of those scary drops unlike we've seen all year long.
That drop happened. I believe it was the week I
was gone. It was August fifth, because my god Bev,
I had international roaming on my on my AT and
T plan and I actually had to shut it off
for a second so I could kind of spend some
time with my wife and enjoy the games. But we

(08:26):
had a lot of calls come in, and I had
even clients that were calling me directly that were really, really,
really scared about what happened. And I believe it was
August fourth or August fifth while I was abroad, and
and of course that was just my luck where I
was gone when all this was happening. But what happened
is that we had the culmination of a lot of
negative things. Don't quote me on that date. I think

(08:47):
it was August fifth or August sixth, where we had
one of the worst drops we've seen in a very
long time. During that week, we had a lot of
a lot of negative things converge all the same time.
For those that weren't tracking this, or maybe you don't
do this for a living, or maybe you don't look
at all this stuff because you'd like to not stress
out about the markets, we had basically a big recession
fear happened around that early August period where we had,

(09:10):
you know, we had things like happened where there was
economic data that reliefs that showed that we were heading
towards a recession. For twenty twenty five, we were seeing
unemployment figures looked a little less favorable. We were seeing
GDP numbers, we were seeing wage growth slow down, we
were seeing things that were that were maybe signaling that
we're heading towards something again, either like or akin to
a recession later this year or next year. So whenever

(09:30):
the word recession hits the markets, Bead, what do you
think happens to the stock markets? It usually either crashes
or there's what we call a flash crash, where it's
a very sharp, very violent drop in the markets in
a very short amount of time. Right, So we had
that happen. We had things like, you know, the Japanese
carry trade was in jeopardy for a second. That's a
very popular trading strategy overseas that's used in Japan. That

(09:51):
was in jeopardy for a minute. And overall again we
had the SMP and the NAZAC drop about three to
four percent in one single day a couple of weeks ago.
So here's my bottom line, Bev. This is where I
usually make my cut as an advisor and where I
usually really try to step in as you know, more
of a of a consultant for people that get scared
during times like this. Because we had that sharp three

(10:13):
percent drop in one day. Everyone was running around with
their hair on fire. You know, the world is ending,
Sell your stocks, get out of this. It was a
it was a nice little violent flash crash we had.
And just as I always say on this, BEV, whenever
we see those I tell our clients, do not react.
Hold the course, don't sell, stay to your plan, Stick
to your plan, and make sure you don't make emotional decisions.

(10:35):
So the funny thing is this bed my clients that
have worked with me for over maybe three to five years,
they actually were perfectly calm and cool during this because
they've been through so much worse. They know what I'm
going to say before they even call. And to be honest,
you know, yes I had a couple of people panic,
but the masses that we serve a lot of them. Actually,
when I got back in Memphis, my team said that
it was actually pretty quiet during those days because they

(10:57):
all know at this point what I'm gonna say and
how I really try to advise them to react. The
best thing to do is to not run, and is
to stay still when everything's like this happened. Because we
fast forward the clock today, BEV, guess what that crash
that happened it's now completely been erased. We've made all
the money back. The markets are now completely recovered. Not
saying there won't be drops in the future, but but

(11:18):
the thing is, if you had obeyed your emotional impulse
and sold and got out and just again, we're you know,
we're too fearful when it comes to making money decisions
and investing decisions, you would have lost a lot of
money during that week. But now you know our clients,
they've calmed down. Everyone's fine, We've made everything back, and
now we're coasting and the markets are healthy again, and
now we're looking towards the elections in November. So so

(11:39):
bottom line is, like I tell people, the one the
one big term or the like the big quote. You know,
I'm a warm buffet fan I tell I tell people
all the time. And we'll get into this later. Be
fearful when others are greedy, and be greedy when others
are fearful. Right, You never ever ever want to run
away when the markets are down. A lot of my
younger clients and my more aggressive clients, I usually try
to train them and really educate them on saying, hey, listen,

(12:02):
there's opportunities out there when the markets drop, there are
money moves that you can make to make sure we
take advantage of those of those sharp, violent drops in
the markets. We're going to get into that in a
few minutes. But you know, never ever listen to that noise.
When you see all the red flashing on the screen
and you see all the doom and gloom, make sure
you talk to your advisor and say, hey, listen, I
know the markets are down. What can we do to
take advantage? And again, BEV, we'll get into that in

(12:23):
a few minutes about some things that we usually advise
our clients to do. But for those that didn't obey
those negative emotions, congratulations, the markets are back to normal.
And again that's now we're looking forward to what's going
to happen in the next few months, and we're advising
based on the long term outcome or outlook, not the
short term.

Speaker 1 (12:38):
All right, sounds good because I know LV a lot
of people was worried about that.

Speaker 2 (12:44):
Yeah, yeah, yeah, yeah.

Speaker 3 (12:47):
And one more thing to add on to that, BEV.
You know, like I said, I try to send articles
out as much as I can to our current clients,
and you know, those little opportunities that come up whenever
the market's down. We have a lot of clients with
us that I may have some millions with us and
something may have some thousands with us. No matter who
you are, when those things happen, I am definitely a
limited limitade advisor. So whenever we have those panic clients

(13:09):
come in, you know, there are things out there that
we usually advise our clients to do, and you know,
I'll go over three things real quick.

Speaker 4 (13:15):
Right.

Speaker 3 (13:15):
So one thing, it's very simple, I think for the
people that have heard from previous sessions, I talk a
lot about value investing. I think we've talked about that before. Right,
whenever the market's dropped the way they did, guess what
the markets are on sale? Right? You got companies that
are down. They're usually worth one hundred dollars a share.
They take a hit now they're down ninety bucks to share.
Believe it or not, it is very simple. That's a

(13:36):
great time to buy things when they're at a discount then. Right,
So we have a lot of clients where you know,
if you see these companies, you may like Facebook, Apple, Disney,
you know Amazon, and we're seeing that unjustifiably they've dropped
ten to thirty percent, like we saw a couple of
weeks ago. Again, be greedy when others are fearful, Right,
you want to jump in. And again, if you have
the risk tolerance and you have the cash or capital,

(13:57):
it's a good time to buy those companies while they're
in the discount in so I usually tell people buy
the dip if that's appropriate for you. Two of three
things I wanted to also talk about was tax loss harvesting. Right,
I don't think we've ever talked about that before in
the show, but to summarize that, we're going to probably
dedicate a whole show to taxes BEV and another session.
But one thing out to our clients is this. You know,
if you have a stock or you have an investment

(14:18):
that has lost value in a market drop like we've seen,
it's actually, and this sounds kind of counterintuitive, but it
actually is a good time, believe it or not, to
maybe sell that position and use that loss to offset
some of the games you've made in your portfolio. Right,
whenever you sell a stock or a position or an
investment while it's down, remember there's a that's called tax
loss harvesting. You can sell that asset, take that loss

(14:41):
offset it against any other games you made another investments,
and that can lower your tax bill for that given
tax here. Right. So that's a good opportunity if you
see an investment is down to maybe capture that opportunity,
sell that investment, use it to offset your losses and
even your ordinary income, and then maybe even buy that
same position the very next week if it's going to
be suitable and you think it's going to come back
in value. Right. So, but again that's a great tax

(15:04):
opportunity or a tax planning opportunity. It's called tax loss harvesting.
That's the thing we do a lot for our clients
here at Plumber Wealth Strategies to make sure overall we're
again making lemonade out of those limits. And one thing
we'll get into later. If you know how I feel
about Roth investments. You remember Roth portfolios and Roth investing
right quite a few times. So great time to execute

(15:25):
Roth conversions whenever the markets you're down right. I talked
about this a lot during the twenty twenty COVID crash,
So long story short, remember everyone, if you don't hear
anything else, I'll say in the show. I am a big, big,
big fan of Roth investments, and honestly, for the vast
majority of our clients, it's usually something we try to
plan for and have as one component of your wealth portfolio.

(15:45):
Right you want to be able to live off of
your money tax free, enjoy tax free income, tax free wealth.
One of the very few places in America where you
can put money into an account, buy investments, make money
over the years tax free, and enjoy that money tax
free as you retire. Roth investments are one of the
best things, in my opinion objectively, that you can drop
your money into, so whenever the markets are down. We're

(16:06):
not going to go over this in depth today, but
if you have never executed ROTH conversions, in other words,
taking some of your money in your four to one
k a pre tax portfolio where you haven't paid tax
on and taking it from a pre tax portfolio and
moving it to a ROTH, that's a great time to
do so when the markets are down and it'll cost
less money to be able to move that money into
a ROTH account. So we're going to go into that

(16:27):
more in depth because that's a very complicated strategy. But
one thing our clients know that our current clients have
orchestrated with us on many occasions. Is again it's called
a Roth conversion. It's about paying tax when the markets
are down, moving it from pre tax to ROTH so
you can enjoy that money tax free for the rest
of your retirement. If you want to know more about
that Roth conversion, there's a lot of complexity to that,
and that is very, very very specific to your situation

(16:49):
and your taxes that you file. So make sure you
call so we can talk about that. That's something that
we always want to measure at least three times before
we do. But it's a great way to build wealth,
not only for your family tax free for your retirement
and also for your estate plans. You can give your
kids and your grandkids tax free money after God calls
your name. So I just wanted to throw that out there.

Speaker 1 (17:07):
Sounds good now, LV, I know you don't like to,
but let's talk politics for a quick moment. It seems
like it's a circus LB that's going around out there
in the battle of the White House. What are you
advising your client to do during pre election periods such
as this, what's happening now?

Speaker 3 (17:28):
Yeah, yeah, yeah, And that's the thing, and our current
clients probably can look at their email inboxes because we
sent out a kind of an infographic on this about
a week ago. So here's the big thing that we
have a lot of very interesting talks in our office
whenever these seasons come around, whenever you know, you know
how it goes. I'm sure you get a lot of

(17:48):
calls about this. Whenever someone thinks that their presidential candidate
is not going to win, they think the world's going
to end, right, whether it's Biden, whether it's Trump or Harris, whatever,
you know. I try to be that voice of reason
for a lot of our client when we're looking at
the world of money and saying, hey, what are the
decisions we need to make no matter who wins? Right?
And what I did is I liked it against some
very very data driven, objective information or clients. So they

(18:10):
wait again, going back to tuning out the noise. They
can get off of CNN, they can get off of Fox,
whatever you follow, and say, okay, what are the markets
saying about these candidates? Right? So we sent out an article,
an infographic that actually showed what happens when a red
president wins and what happens when a blue president wins.
And I wish I could show it to all the listeners,
BET because it's a really hopeful article that's very visual.

(18:32):
For those that call, you know, we can send it
to you so you can kind of read over it
and take a look at what we're talking about. But
I sent out a chart that says, you know, it's
about the stock markets and presidencies, and the bottom line
there for those that didn't see that email is, you
know we sent out that. It's a graph that shows
the stock market s and P five hundred returns since
the nineteen thirties. It shows everything from the FDR presidency

(18:54):
to Truman to Bush one and two to Obama to
Trump Biden. Basically, we had it's a logarithmic scale that
we showed and it shows again what happened to the
markets from the very beginning to where we are today.
And the funny thing about that char bev if you
can kind of visualize this. Even though we've been through
major world wars, we've been through economic recessions, we've been
through depressions, we've been through geopolitical conflicts, We've been through

(19:17):
all kinds of crazy stuff the last hundred years. The
funny thing is, if you look at that chart, red
or blue, It doesn't matter. The general trend is that
we have that S and P. Five hundred has done
nothing but grow right. No matter who was in office,
the markets have been resilient. The markets have stayed the
course from the nineteen thirties all the way to twenty
twenty four. So I try to show that chart and

(19:37):
put those visuals in front of our clients because I
think you know it, just like NIBEV, no matter what
side of the aisle you stand on politically, I think
everyone starts singing that doom and gloom song of they
think that their presidence is not going to win. And again,
the worst thing you can do with that, with that
speculation is that you make investment decisions based on that. Bev.
I can't tell you how many conversations I've had with

(19:58):
someone that was not a Trump fan or maybe not
a Biden fan, and says, Hey, if this goes the
way I don't think it's gonna go, I'm gonna sell
all my stocks and put my money in the cash
in the bank and ride out the wave because the
economy is going to crash. I've heard this ad nauseum,
and the funny thing about it and no disrespect to
anyone that does kind of follow that that methodology. They're
all they've always been wrong. Whenever someone thinks the world's

(20:21):
going to end, guess what the opposite has happened, because
we're still here, right. Trump doesn't win, the world still here,
Biden doesn't win, or Harris doesn't win, We're still going
to be here. Right. So that's why I tell people,
you know, try to try to separate your political views
away from your investment us because if you start commingling
those two pots and for schools of thought, that's when
mistakes are made and you miss out on rapid market

(20:43):
games that we've experienced the last ten to twenty years.
So again, for those that are following me on this,
I will send out the email for any callers that
come in because it's a really really good chart that
we send out, and again, my clients had gave us
some really good feedback because the one thing about it is,
you know, you never ever ever want to have your
political opinions and emotions and biases dictate how you move

(21:04):
the markets, because the market's bev no matter if you're
red or blue. They chug ahead, they chug forward, and
it's one of those things where the best action you
can take is actually no action. Stay the course, draw
out a long term plan with your advisors, and stick
to it no matter who wins, because objectively, the data
always supports long term investors instead of short term traders.

Speaker 1 (21:24):
So LV, so you're telling folks, don't panic whoever wins.

Speaker 2 (21:30):
Trump or Harris.

Speaker 1 (21:32):
You know your your money is still You're saying your
money is still pretty safe.

Speaker 3 (21:38):
Yeah. Okay, well no, let me not say that because
is a very difficult word to say. Are. But here
here's what I'll say best. Okay, So you know I
never want to promise anybody anything because I got to
I would have to really sit down with you to
know where your investments are, what is safe, what's aggressive,
what's risky? But Bob, I guess what I'm saying is,
you know, like I said, no matter what happens, the
markets have they operate with financial physics.

Speaker 1 (22:01):
Right.

Speaker 3 (22:02):
What really shapes the markets is not who's actually sitting
in the White House or the overall Office BEV. It
actually is. It's about policy. It's about the economic cycle.
It's about where we are in that economic cycle. Are
we in a period where the economy is expanding, and
investors are happy, and people have jobs and wealth and wages,
and people are buying houses. Right, That's what really controls

(22:23):
the market. It's not really, to be honest with you,
who's going to be in the presidential office. It's all
about the economic data where we are in the cycle,
and about where monetary and fiscal policy is right. And
I tell people this all the time. A lot of
our radio clients that come in, I think when I
start kind of going over the markets and them, they
think I'm going to talk a lot about Trump and
a lot about Biden, and a lot about Harris, they're

(22:43):
kind of shocked, and I actually don't talk about them.
And I put this. I put one face on the
screen when I meet a new client, Bev, and you
know whose face that is, and I talk about the markets.
It's actually Jerome Powell. Right. For those who don't know
about Jerome Powell, he is the Chairman of the Federal Reserve.
My opinion, I think he's the most powerful man in
the financial world and the America because he is the
chair of the of the of the Central Bank of

(23:04):
America again, which is the Federal Reserve. They control interest
rates and they control policy that dictates where the stock
markets go right, and how how expensive it is to
buy home and get a mortgage and get a car, note,
credit card, debt right, So that those are those are
the powers that be that I kind of train our
clients to follow. I tell them, don't look at the
political world when it comes to understanding why we make

(23:24):
investment decisions. You want to look at the markets. You
want to look at CNBC, you want to look at
the data that's released to investors, and you want to
look at Jerme Powell and the Federal Reserve to say, hey,
where are things going and what is the policy, not
the not the politics, the policy that's controlling where money
is going right. So and and again it's it's one
of those things where again it's a lot more objective,
a lot more data driven, and it's a lot less

(23:47):
dependent on, you know, whether your candidate is going to
win or not. I mean, presidents can go but so far,
it's about the policy that dictates how we spend our
money and how much debt costs, and how the strength
of the US dollar fares against other currencies across the world.
So again, that's our job for those that don't like
that world and don't want to track it. Just one
last thing on that. Don't feel like you have to
get all this That's why it's good to have an

(24:09):
advisor to be able to do all this for you, yes,
and to kind of say, hey, listen, this is what's happening.
You don't have to monitor all this stuff. You have
a good advisor that's that will get all this information,
come up and construct with a good, sensible investment strategy
that you know really is built for the good, the bad,
and the ugly no matter what happens out there in
the world. And then again, my job and what I
spend most of my day doing is I take all

(24:30):
that information, you know, educate our clients on what's working,
what's not working, what changes we're making as the world
is changing, and making sure you understand the bottom line
about how things are working if any change need to
be made to your investment plan. So for those that
get overwhelmed with all this and really don't want to
hear anything about what's happening out there, that's why it's
good to have an advisor, so you don't have to.

Speaker 1 (24:51):
Okay, so sounds good, LV LV We're going to pause
right now and take a break and we're going to
come back.

Speaker 2 (25:00):
So hold on LV, Hold on FORCE.

Speaker 1 (25:03):
We are talking this day with our financial planner practitioner,
LV Plumber Junior. And don't forget the first ten people
who call LV. You get your free consultation absolutely free
nine zero one seven four eight zero zero five zero
or book online at PWS Planning dot com. Send LV

(25:27):
email by clicking contact us button to schedule your free
complementary consultation. We are talking with LV Plumber Junior, our
certified financial planner practitioner lp L Wealth Strategists right here
with me Beb Johnson on the Beb Johnson Show on
w DIA.

Speaker 2 (26:03):
And welcome back to wud I A.

Speaker 1 (26:06):
We are talking with LV Plumber Junior, are certified financial
Planner practitioner and lp L Wealth Strategist. Now, LV, we
know that you can't provide blanket advice, but what are
some examples of investment strategies that you recommend when the
world is one big question mark like it is right.

Speaker 2 (26:28):
Now, l V.

Speaker 3 (26:31):
Yeah, that's that's a good way to put it, BEV.
It's uh, it is a world of uncertainty we're in
right now, you know, and this is honestly bev maybe
for those that come from the show that are you know, older,
maybe more conservative. I know a lot of people probably
heard me about ten minutes ago talking about buying the
dip and taking more risk in their investments whenever the
markets are dropping. But that's really tough to do. You
kind of have to be you know, I would imagine

(26:52):
on the younger side, more aggressive, more risky. You know,
that's not advice. That's for everybody, right, some people have
made their money there still they still want to grow it,
They still want to not take any excessive risk, and
they don't really want to make big moves when every
things are kind of scary and and maybe the markets
are a bit cloudy. So no matter who you are,
if you have a four to one K, if you
have money in the bank, if you have money, you

(27:13):
know and taxable stock accounts, whatever you've got, and how
you're building your wealth, you know, this is a time
where I try to tell my clients, don't miss on
the boring stuff, right, the boring stuff is actually good stuff.
What I mean by boring is one big thing that
I think everyone who calls me always asking about, you know,
It's easy to talk about stocks and real estate and
you know, tech companies and AI, all that exciting stuff

(27:35):
you hear on the news. But bev, this is actually
a time, probably my first time in the thirteen years
I'm doing this where I have been very very vocal
about something like a CD right or something like a
high yield savings accounts. Right now banks are offering, even
on money market accounts with certain minimums, you can go
get five to six percent guaranteed interest right now. And
it's not always been like that. It's been like that

(27:56):
for probably a year to maybe a year and a
half where you can go and get a risk free
five to six percent without even blinking. So I tell
my clients, you know, right now, yes, the markets are
the stock markets are up and down. It's a roller
coaster out there, but still mostly up. And that's a
good time to invest. But if you have money in
the bank, if you have money that you're in and
you be shocked. I think it was a weird statistic.
I may have saw a couple of days ago where

(28:17):
I think over sixty to seventy percent of bank accounts
are in traditional low yielding savings accounts and not the
high yielding stuff like highield savings or like one year CDs. So,
in other words, right now, the vast majority of Americans
are keeping their money in the bank for their emergency
funds and their cash earning less than one percent, when
they can literally call their banker right now for almost

(28:38):
no cost and move it over to a one year
CD for five and a half percent, or move it
to a money market promo that's offering five percent. Right,
It's like, just don't ignore the opportunities. If you have
five to ten or more thousand dollars in savings, then
you haven't had that discussion with your banker about are
they offering something like a one year CD or a
five percent interest account. Make sure you stop what you're

(28:58):
dueling in call because the reason I'm pushing people to
do this now, BEV is remember this is not gonna
last forever. Right that that powerful guy just told you
about your own powers. Who's the charge of interest rates
Federal Reserve. They've already gone on record saying that probably
next month in September, rates are going to start coming
back down. Right, We're gonna start seeing rate drops, which

(29:18):
I want boy to death and go over wide but
right now, bottom line is interest rates are going to
start coming back down. That's a great thing if you're
going to get a mortgage next year, but it's a
bad thing if you have money in your savings account.
So what I tell people is that get while the
getting's good, call your bank. Try to lock in a
one year CD. I think that's a rare again, it's
it's almost it feels weird coming out of my mouth
that I'm saying, go get a CD. But the main

(29:41):
thing is right now, this will be the last time
where if you find that one to two year CD,
lock in a four to five percent rate of return
while rates come back down to earth in the next
I'm thinking twelve months. It's probably the last little corridor,
last opportunity we're going to see for a very long
time to where CDs and money market accounts and savings
accounts can get you over four or five percent. So
if you've been if you haven't had that talk, go

(30:03):
to your banker and make sure you talk. And if
you don't want to go to your banker, there's a
lot of opportunities out there. I won't say any specific names,
but there's a lot of online banks and institutions that
are very credible that you can go to. And if
you if you google high yield savings accounts, there's a
lot of great institutions that offer that five to six percent.
Where again, it's literally a discussion BEV of Hey, I
want to make one percent of my savings or I

(30:24):
want to make five percent of my savings, which would
you choose? It actually is kind of that simple right now.
So just but so anyway, if you want to talk
more about that, call me. Let me know, talk to
your advisor and see what's out there. But like I said,
the urgency I'm putting on this call is that this
is not going to last forever, and make sure you
at least look at the market with your advisor and
see what's out there. So now, one more thing I
want to say more on the stock side, BEV to

(30:45):
your question about the boring and the good stuff I'm
seeing right now, July was a weird time. It was
a really really weird market. Like I said earlier about
thirty minutes ago, the markets has been a roller coaster,
but we saw you know, in particular, I try to
tell people that's why diversification is so important to your money.
Because while stocks and traditional markets and tech and manufacturing

(31:07):
and I don't know, casinos and things like that that
were down maybe in July, right, we had two sectors
that actually popped up that a lot of our clients
had that I like to pinpoint during these calls, real
estate is doing done really well, and believe or not,
utility stocks are doing really well right now. Right, So
while everything else was down in July, you know, I
think the real estate sector was up over seven point

(31:28):
five percent. I think the utility stock sector was up
maybe six or so percent. It was a really good
time to have those investments because remember, like I told you,
especially if we pinpoint real estate for a second, when
interest rates come down, guess what mortgage costs come down.
And when mortgage costs come down, what do you think
happens to demand for housing? It booms, right, it goes up.
So what I tell people is that if you don't

(31:49):
have real estate in your portfolio, I'm not gonna you know,
it all depends in your situation, but your risk tolerance.
But it's actually one thing that we're pretty optimistic on
is that real estate is going to make a comeback here.
When it comes to the investment world because interest rates
you're going to come back down and demand will go up, right,
So it's a good time and you know for us
to make sure that our clients are diversified. You don't
want just stocks. You want to have things like real estate,
investment trust, defensive investments, utilities. You want to have manufacturing,

(32:14):
you want to have aerospace, pharmaceuticals. There's a lot of
things right now. While you know, the more risky part
of the markets you're going up and down, there's a
lot of sectors again like real estate and utilities that
are going to be here and they're very stable and
right now they're going to be in high demand in
the next few months based on our outlook. So anyway,
that's one thing I wanted to pinpoint. That's why again,
if you are not properly diversified, because bev, I don't

(32:35):
know what's been in the water. Last probably five to
six clients that just took on all had their money
in either one stock or they had all their money
and one fund and their four one K and they're
missing out and all this stuff that we talked about.
You know, it's a good time to cross check everything
you have again with an advisor if you want to
and say, Okay, like you know, LV AM, I properly diversified,

(32:56):
and then I exposed to those things that are happening
out there in the world, because you've heard turn bev,
don't put all your eggs in one basket. Right again,
this is one of those very very essential times where
if you are properly diversified, you should be doing very
well for the year twenty twenty three and twenty twenty four.
Right now, I think the NASZAC is up eighteen percent,
that Dow is up maybe eight SMP is up about
eighteen I'm sorry, probably about fIF fourteen, fifteen percent. So

(33:19):
everything is clocking and firing in all cylinders right now.
And if you're not really experiencing that growth, and you're
not properly exposed out there in the markets, and you're
not really feeling generally good about where your accounts are headed,
it's a good time to stop for a second, take
a breath, talk to an advisor and see what's out there.
And again that's what those consultations are for. So just
remember diversification is key during market booms like we're experiencing.

Speaker 1 (33:41):
Okay, so LV for the last few topics. Let's talk
about news.

Speaker 2 (33:48):
I know you like that.

Speaker 1 (33:49):
I know that some people will Paul doing the show
with interesting theories on articles they read about the world ending,
the dollar crashing.

Speaker 2 (33:58):
You know, at LV a lot lot of.

Speaker 1 (34:00):
People called in about the bigcoin. They called in about
about the big big coin, and that's a big but
so what do you say to people who get all
these scared tactic emails and see all these crazy things
on the news.

Speaker 3 (34:18):
Oh, yeah, you're right there, And you know, I won't
even throw I won't throw any crypto under the bus
because you know, we've talked so much about that, and you,
I know, Bev, you probably get calls about it all
the time. I know I do as an advisor, and
you know, and here's the thing, you know, I've been
doing this long enough to where whenever our clients bring
these things to my desk. I had one client I
want to say about a couple of weeks ago that
bought an article from a I don't know, it's some

(34:41):
weird under the radar news publication in another country, and
it was stating that the US dollar was about to crash.
And you know, in about a like thirty to sixty days,
and it was a solicitation email to buy these other
currencies that were just I guess you can say, insulated
against what was going to have happened to the US dollar, right,
and even crypto. I think it had something to do

(35:02):
with crypto as well. I can't don't quote me on this,
but basically it was a solicitation for everyone to get
fearful of the US dollar because when the presidency happens,
they were saying that the whole US economy is going
to crash, the world's going to end, and you need
to own these things to make sure your money is
protected against that type of risk. Right. So you know,
and again, whenever I see that rhetoric or I see
those articles, you already know what I'm going to say

(35:23):
that it's like it rarely. In fact, I would even
venture to say never. Are those articles accurate and where
and what they're saying? I think the goal and I
hate to say, but fear is one of the most
powerful motivators of people to consume and to click on articles.
I mean, when you have people that are scared, they'll
do anything, and the one thing you don't want to

(35:44):
do is be one of the target audience for some
of these publishers that are sending out these crazy articles
about the world ending, because when you click on that article,
or even worse, if you pick up that phone and
call that hotline and say, hey, I want to take
my four one K and drop it into you know,
the stuff you're selling. That's where financial catastrophees happen. Not
even saying that you're going to lose all your money,
but when people do that and they take all their

(36:05):
money and drop it into gold or drop it into
some crazy fun that people are you know, selling saying
it's going to be you know, the safe way to
invest your money. You miss out on so much growth
and so much opportunity, and you know, and at the
end of the day, you know, you really subject yourself
to significant opportunity risk. And even yet, some of this
stuff can actually be illicit where you can move money

(36:25):
somewhere and you actually lose it because it's you know again,
it's fraudulent. So I tell our clients all the time
that's also the good thing about having the advisor. If you
get any of those things and you're saying, Helvi, you know,
I think this stuff has some merit. I really want
to talk to you about it. What do you think.
I'm always honored to give my two cents, but I
can tell you, BEV. Nine point nine out of ten
times I look at those articles and say, hey, client,

(36:47):
let's turn the other way and let's let's let's let's
move on right, let's stick to the stuff that we
know works. And because again, BEV, like one of the
most profitable businesses in America is the fear market. Right
when you put on that article, someone gets paid. When
you move money out of fear, someone gets paid. And
it's not a bad thing to get paid. It's a
bad thing to make decisions based on something someone that
you do not trust, and on information that is very,

(37:09):
very cloudy based on you making a decision on your investment.
So you never ever want to trust those articles and
trust the people that write those articles, especially if you're
not at licensed, if they're not regulated. And again, a
lot of these social media people that are out there
right now, you know that they make a lot of
money by people listening to, you know, to those types
of talks and making decisions without consulting a third party

(37:31):
objective advisor like a certified financial planner. So again, if
you've got those articles. I always tell our current clients
I'm more than happy to talk about it. I will
spoil it and I can probably tell you'll I'll tell
you to look the other way, But at the end
of the day, I'll do my best to educate you,
talk to you about what maybe piques your interest, and
give you my take on whether I think it's good
or bad for you. But for the sake of you,
if you don't work with an advisor, just be very,

(37:52):
very very careful because this is the time coming up
into the election cycle where these articles are just ferociously
put out every single second of every day. So very
very much, everyone, be careful. If you want to talk
about a mctree.

Speaker 1 (38:04):
Call all right, hold on LV. We are going to
get some phone calls. Folks are waiting to talk with
you LV, So hold on. We are talking with LV Plumber,
our financial our Certified Financial Planner Practitioner lp L Wealth
Strategist And if you want a book a free complimentary consultation,

(38:28):
LV is taking the first ten callers and first ten
people who book an appointment at nine zero one seven
four to eight zero zero five zero nine zero one
seven four to eight zero zero five zero, or go
to Pwsplanning dot com. Send LV at email by the
contact us button to get your free.

Speaker 2 (38:51):
Consultation with LV.

Speaker 1 (38:56):
You're listening to the BEV Johnson Show right here on
Double you D I A.

Speaker 5 (39:06):
Whether you're in Arkansas, Tennessee, or Mississippi on Facebook, Twitter,
or Instagram. Thank you for listening to the Bev Johnson
Show on Double d I A Memphis.

Speaker 2 (39:19):
So we're going to our phone lines to talk with you.
Thank you for waiting.

Speaker 6 (39:24):
Hi David, Yeah, good, good afternoon, my most beautiful African violor.

Speaker 4 (39:30):
Can you hear me?

Speaker 7 (39:30):
Okay?

Speaker 2 (39:31):
I hear you loud and clear?

Speaker 3 (39:32):
Brother, good good, Now.

Speaker 7 (39:36):
You hold on here.

Speaker 1 (39:37):
I'm trying, brother, Brother, Thank you, I'm trying.

Speaker 2 (39:43):
Brother. That's all we gonna say.

Speaker 3 (39:46):
We're gonna be all right.

Speaker 2 (39:47):
We're gonna be all right.

Speaker 3 (39:48):
Achnology. That's just what it is that happened.

Speaker 2 (39:51):
You're right, You're right.

Speaker 3 (39:55):
Miss d l V.

Speaker 6 (39:55):
I always look forward to hearing you if I don't
catch you loud, if I catch you on Bails podcast.
I appreciate the contribution of your father and yourself and
sharing that great information about the market. Something at one
time in my life was a dream for me to
go on Wall Street. So it's always a joy to
hear somebody as smart, as intelligent as you come on

(40:18):
the air.

Speaker 3 (40:19):
And educate us about what's going on.

Speaker 6 (40:21):
So I appreciate that I don't have a cryptocurrency question today.
I hope I didn't start with my cryptocurrency questions, but
that was a joy to it, a great memory. But
here I got a couple of questions.

Speaker 3 (40:37):
One is on AI.

Speaker 6 (40:38):
Of course you know about what's going on in message
in that regard, so my question is just a general
question that's kind of curious. How has AI impacted your business?
Is it happening on a trading floor more? I was
thinking of commodities, and for sure it's been it's been
working there for long and and probably we knew it

(41:01):
with the weather and all of that. So I like
to get your opinion and comment in that regard. The
second question is is this I was.

Speaker 3 (41:11):
Looking at the.

Speaker 6 (41:13):
Convention last night, Bev and the New York Governor came
on and said there's gonna be one hundred billion dollar
investment by Micron, who I'm familiar with Micron. I bought
ran from them before in Syracuse, New York in regards
to their facilities with processes. You know, I'm assuming it's

(41:35):
the same program that by an instituted as far as
bringing the manufacturer of processes back to the country. I
was familiar with the one out in Arizona, but the
Micron one was a new one to me. Now my
question is this is there an investment play now that
that's been announced or has been announced longer than but
I heard it last night? Is it too late to

(41:57):
be part of that now? I hope you remember my question.
Thank you again, Paul, you do Puss and have a
great day, And.

Speaker 2 (42:03):
Thank you David. I appreciate you brother.

Speaker 3 (42:06):
You welcomes bye bye.

Speaker 2 (42:08):
Lv I hope you heard David's questions, did you?

Speaker 3 (42:13):
Oh? Of course yes. I was dotting some notes down
because he asked a couple of them and they are
loaded questions. And David, by the way, it's an honor.
I appreciate the great words and the great feedback that
that keeps me going. And mix and mix makes all
these days worse it when it comes to making sure
that people are receiving the show and everything we do,
so that means a lot to us. So but yeah,
so he has two very very very very good questions
that I talk every single day about. What I wrote

(42:34):
down here. He mentioned about the AI impact on our business.
So I think I can speak kind of from a
macro standpoint on this because it's not just our business, Bev.
It's it's literally the global economy that is being impacted
by the artificial intelligence movement that we're going through right now.
So what I can say, is this right the big
thing we're seeing. There's really two answers to his first question,
number one, without going on too long, I personally, and again,

(42:58):
this is not a This is not a green for
everyone listening to go buy AI stocks. It's not right
for everybody. It depends on your risk horrant, it depends
on your time horizon, your financial situation. But if I'm
talking to someone like David or a younger investor, as
someone that's saying, HELV, I want to find the next
best thing, the next biggest thing. I want to invest
in good companies that are fledgling kind of in their infancy,

(43:18):
and I want to ride that wave quote unquote over
the next thirty years. I am, personally, as a professional,
very very bullish and very optimistic on where AI is
going and the numbers right now that ever speaking for themselves, David,
I'm sure you already know all this, but right now
probably the best positions who have owned over the last
twelve months have been in quite a few sectors, but
AI has absolutely taken off unlike anything we've ever seen,

(43:42):
I think right now for our aggressive younger clients, even
our more to our older clients that are more aggressive.
The number one position that we're that we have right
now that I think has appreciated the most for a
lot of our investors has been in Vidia right in
video right now is almost by market cap one is
probably I think the biggest company in the world right now.
And the reason for that is because right now microchips

(44:03):
to my conductors, anything in the AI space that has
to do with businesses operating more efficiently, using the power
of AI to make businesses really traverse multiple sectors, and
really just seeing the advancement of the global economy using
AI not as a job replacement but a job again optimizer.
That is why we're optimistic because a lot of these

(44:24):
things are still in their very beginning phases. We're seeing
billions of dollars going into this tech and again, if
I'm talking to the right client, It's something that I
personally have been very excited about. So one thing about
our clients and our business. You know, you talk about
the Internet age. Back in the nineties and two thousands,
everyone had this fear that the Internet age was going

(44:44):
to replace everyone's job, right, that the computer was going
to take over farms, Internet was going to take over
commerce is going to take over you know, insurance and
you know all this stuff. And honestly, that didn't happen.

Speaker 1 (44:55):
Right.

Speaker 3 (44:55):
We're not seeing this thing again as a job replacer.
We see this as a way that all the jobs
that currently are are are hosted and are conducted by humans.
AI is one of those. It's something we're seeing more
as a value add and as a tool to help
us do our job better. Right, So we actually use
AI and a lot of our trading platforms. Again, I
love the AI companies and the value they're creating for

(45:16):
our investors and even advisors across the country. Like a
lot of advisors, I'm seeing them the younger and are
actually using AI to render advice. Right. They're using it
to do, you know, to send out newsletters and sending
it to optimize smaller portfolios of a client that starting
out and they want to have a portfolio that may
not be a high enough balance to manage in house,
but they still want to have some type of professional management.

(45:37):
There's now algorithms out there where you can drop in
three thousand dollars into an AI portfolio and it'll buy good,
high quality companies and monitor the market movements for you
and buy and trade. There's a lot of AI things
out there that I would not recommend to everybody, but
that are helping us do our job and help scale
our advice and scale our businesses more effectively, and again
using tech to again optimize those efficiencies as an advisors.

(46:00):
So I love the stocks personally where they are right now,
and again we do use it as a way for
us to help us do our job in a more
streamlined way. So that's number one. Number two question, you
mentioned that Micron New York Syracuse investment. I think I
heard about that. We're seeing this that happen everywhere, even
in Memphis where we're having that electro Luxe Tesla data
facility built here locally. I think you heard about that.

(46:22):
Bet you know, we're seeing a lot of Capex a
lot of investment in major metro areas and cities because
the thing about AI, it's growing so quickly, and investor
dollars are flowing to these businesses so rapidly, they're actually
having trouble keeping up with demand. They remember, in order
for AI to work, there needs to be data storage facilities,
there needs to be warehouses, there needs to be labor.

(46:44):
And that's the thing I think. Don't quote me on this,
but I think it was in that Syracuse deal. I
think it was the biggest deal in the history of
New York. And you know, in Micron, who's a major
AI and tech company. They make all the chips and
the micro components for computers and AI companies, so they're
a very very key player in the growth of the
AI space. So companies like Micron, like Tesla, like Nvidia,

(47:05):
they're now planting these storehouses and these facilities to house
data and software and all these different computers and manufacturers
needed to help keep you know, AI supply up. They're
investing in these cities and and again creating a lot
of jobs and you know, doing everything that's necessity, that's
you know, necessary to keep the infrastructure of AI going
that that's actually one of the positive byproducts of what

(47:26):
we're seeing with AI is that again it's not replacing jobs,
it's creating jobs.

Speaker 4 (47:30):
Like that.

Speaker 3 (47:31):
I won't speak on the I know there's a lot
of controversy around Memphis and around the Electroluxe Tesla thing
that's happening right now, but again I will say, even
though it's not going to create as many jobs as
we would like, it is something where again it's creating
the excitement and the buzz around the city, and it's
creating again a major facility that a big AI companies
and companies like Tesla that are banking on this tech.
It's creating again that infrastructure we need for us to

(47:53):
really move to that next frontier where AI will help
us get into the next generation of you know, of
the of the economy and the global growth we need
to again advance as a human race. Right. So, and
one more thing I'll say about this. I want to
make sure I'm very clear because I think a lot
of people are confused about AI in a lot of ways.
They're not you, because I know you do your research,
but I think what people are misunderstanding that of about

(48:14):
AI is that It's not just some fancy thing like
an algorithm that's going to help you know, young people
with TikTok. And it's not like a toy, you know
what I'm saying. It's not like I think people, especially
in the older side, are thinking AI is just another
thing with the Internet. It's not like I said, it
is actually crucial to the evolution of how the world
moves and how the world flows and how the world operates. Right.

(48:37):
And there's a lot of applications to AI that people
don't think about. Like one thing, I work with a
with a big Wall Street firm that manages our high
network portfolios, and we had a big meeting about this
a couple of months ago. One thing that even I
didn't know when we had that meeting a couple of
months ago, was right now, the one thing that excites us,
believe it or not. And it's a great way to
get into that AI space. Right now, one of the
most popular applications of artificial intelligence is not in the

(49:00):
tech space. It's actually in the pharmaceutical space that right
now there's there's literally labs across the world that are
using artificial intelligence and AI algorithms to manipulate proteins to
find cures for cancer. Right, it's one of those things
where we're they're using it for pharmacy, where research to
help us fight cancers, for therapeutics, biotechnology, helping people, helping

(49:21):
doctors predict what type of surgery should be used for
for certain you know, medical events. So there's a lot
of things that people don't think about when it comes
to AI and everyone I think when they don't really
dive into it, they think it's just like a plaything
that you know, you can go online and use to
you know, clean up your essays for college. Right, that's
one application, But there's real world things that, in my opinion,
are going to make the world a better place again,

(49:43):
such as something like helping with cancer research, and again
those algorithms that help with medical developments and drugs and
things like that. So, you know, so that's why I
get in the bottom line his short questions in my
long answer. You know, it's one of it's one of
the reasons why I'm optimistic and why us as advisors,
you know, we try to educate our clients on it.
A lot of our clients have made good money on
these investments, and I think they want to stay in

(50:03):
the train and learn more about whether it's going to
be right for their future. But again, if you're going
to just you know, just kind of hear me out today,
it's one of those things that I would say, if
you want to talk more about it, call with your
advisor or call us. And it's one of those sectors
where you it should not be ignored. That's what I'll say.
I won't say it's for everybody. It just should not
be ignored because it is having very real, very tangible

(50:25):
effects on how we move in and operate in the
world and where our future is going. So but again,
great questions, David. And if you want to talk more again.

Speaker 1 (50:31):
You know the call all right, LV, We'll get this
other call from common man.

Speaker 7 (50:38):
Hey, common man, Hey, Hey, how you're doing? Bill?

Speaker 2 (50:42):
Doing well in yourself?

Speaker 7 (50:44):
Am I right into LB?

Speaker 3 (50:46):
How you're doing?

Speaker 2 (50:47):
Or you're on the phone with you He's on the phone, Okay,
how you doing?

Speaker 3 (50:50):
LV?

Speaker 7 (50:51):
That was a couple of things right quick. On the investment.
I you know, I got myself going with a g.

Speaker 3 (50:58):
Where AGA was.

Speaker 7 (50:59):
But I hate it's part because I don't understand anything
about nothing, And the only thing I'm able to do
is just look at the beginning balance and the end
and balance, and I just always hope for the best
as far as I just recently recently found out what
NAD that is, you know, and so it's something that
you can, you know, gain some capital. But I do

(51:20):
not understand how it works. That's just that's just the truth.
I also, LD, I heard you speaking about the CD,
and I wanted to say that I would also encourage
a person to buy a CD because it's a safe
it's a safe investment and uh it's also security. But
the one thing that I would point out is I
think they flunctuate, you know, rather quickly sometime, because I

(51:44):
know once that I got it started out before we
begin to process the information at five percent. By the
time we was done, it was down to four point eight.
And then we checked again after processing our my information
had fluctuated down to four point four. But it is
a safe and secured investment that you can say safely

(52:04):
drive you some money off of, so I would have
asked it also. So that was my Statement's bill.

Speaker 2 (52:09):
All right, coming man, thank you comming man LV common Man.

Speaker 3 (52:15):
Yeah, yeah, And he makes some fantastic points, and I
appreciate it, comming Man, I'll work backwards just in a
minute here. But you're you're you're one hundred percent right.
And that's a very good point that I don't talk
enough about, just so for everyone to understand what he
just said, especially about those CDs members. CD rates and
interest rates in general, they're constantly in flux, right, They're
going up, they're going down. It all depends on what

(52:37):
the Federal Reserve is doing, and you know how high
they want to set their benchmark rates. So just remember
what you buy today is not going to be the
same next year. And he's right about that. That's why
I was imploring everyone about an hour ago to like, hey,
get these rates while they're good, because I would imagine,
if I'm a betting man, twelve months from now, what
we have as a five percent one year CD is
probably gonna be that back down to maybe three to

(52:59):
two and a half. It's gonna be in that realm.
I would imagine rate you're going to get close to
getting cut in half in the next one to two years,
is what we're thinking. So but again it's all predictive
and it's all speculative, speculative, so we don't know for sure.
It just depends on what the fed's plan is. So
he's right about that. You know, you always want to
try to find the highest rates. That's why it's good
to work with your planner to say, hey, what's out there,
shop around, make sure that you have the right rates,

(53:19):
whether you do cd ladding strategies, whether you do high
yield savings accounts. There's a lot of opportunities out there.
And one thing I'll go back in time and say,
bev also is that this is a weird time. I
keep saying that. When I first started in twenty eleven
twenty twelve, I CDs were a curse word in our
world because you would maybe lock your money up for
one to three years and make less than one percent.

(53:39):
Right Like, rates were so low it wasn't even worth
anyone's time to buy CDs. But now, since the pandemic
happened and rates have been artificially floated, and now we're
seeing like all time highs on these bank accounts, it's
actually a great time to say, hey, yeah, invest in
your future in stocks and real estate and all that
stuff I talked about earlier, But why not go get
a five percent to six percent yield without taking any
risk right now while you can. So he's right about that,

(54:02):
that that fluctuating naturist of CDs you always want to
be aware of. You always want to work with your
planner and say, hey, you know a planner, like where
where are those where are those pockets of opportunities where
we can move capital to make sure we're always getting
the highest rate and again trying your best to time
when rates are going to go up and down and
have your cash, whether it be in CDs, money market accounts,
high yield accounts, even things like Series I bonds. Bev

(54:25):
I talked about that, and if you remember in twenty twenty,
which I know that's like four years ago now, but
you know, I was a big advocate of Series eyebonds
for those who haven't heard of that, that's I think
it's about four point three percent you can get. It's
a government issued bond where you can drop your money
up to ten k a year and you can buy
a bond make four to five percent guaranteed, and the
have in twenty twenty one, those series eye bombs, that's

(54:46):
what they're called Series eyebonds, those things because inflation was
so high where I think I had clients buy those
at nine point five percent back in twenty twenty one.
We've never seen that before, and that was a rare
time where I could put a client at least ten
thousand dollars in a eyebond and they make almost ten
percent with no almost no risk. It was like, we're
never going to see that again. And that's why again,
working with an advisor, in my opinion, it's good because

(55:08):
you can find those opportunities like eyeboonds, like money market CDs,
things like that to figure out where it's the best
place for your money. So that was question number two.
They miss a common man, and then question one real quick,
he's right, but you be shocked how often I spend
my day doing complicated things, but the majority of my
day is actually done doing very simple things. Whatever, a

(55:28):
client comes on with us, just like common man, Like
they get that first statement and they're like, LV, I
have no clue what any of this means. It's Chinese
to me, like, can you help me walk through the statements?
You know he's right about that. It's it can be
overwhelming this world, and you know, if you're not self
educated or if you don't work with a planet that's
going to educate you. It's it's almost like you can
go your whole life and not know what the Nasdaq is,

(55:50):
or not know what the Dow Jones or the n
K Index says things like that. You know, it's just
you don't have to be an expert on this stuff, bev.
But it's always good to have someone in your circle
that can say, hey, you know, let me explain what
this is. Let me make sure you understand more than
the bottom line, so that way you're equipped with the
knowledge and the education you need to make good sound
decisions about your wealth and your family's wealth. Right. So

(56:10):
you know, I'll take his first question or comment as
kind of a call to action for those that you
know are are kind of confused about this world, because
these calls can be a lot. Even our first meeting,
sometimes clients are just overwhelmed because this world is just
not for them. I mean, I've had literal neurosurgeons come
to our office that had no clue what a stock
was and don't even want to know what a stock is.
They just want to stick to the bottom line and

(56:31):
just know whatever they need to know to know what
in the world's going on with their money what we're
doing with it. So, you know, so if you're one
of those that you know where like David, where it's
just you know, it just seems like you don't have
the time or you don't really have the willpower to
just stop and try to become a you know, a
Wolf of Wall Street. That's what having a good planner
is for. It's good to have someone to sit down
with you to say, hey, listen, this is what you

(56:51):
need to know. Go focus on your job, Go focus
on your family. You have a third party team that's
managing your wealth for you and making investment decisions. And
I think a lot of people like to simplify and
distill all this complicated stuff into Hey, I know LV
and his team have this, and I'm going to meet
with them every quarter and he'll let me know the
bottom line and educate me on only what I need
to know, and then I'm going to go back and

(57:11):
enjoy my life. Right. That's the value, in my opinion,
of having a professional And that's funny. Bev. I actually
eat my own cooking. I don't even manage my own
stocks and bonds. Bev, I actually do a lot of
the things that that you know, cause I don't have
time for it. So you know, I'm the point where
I want to spend all my client, all my time
with my clients and my family. I got a wife
and I got two kids. So the last thing I

(57:32):
want to do when I'm done helping people manage their
wealth is go on my little computer at home and
try to go over the markets. No, like, I believe
in having good, high quality professionals do things like stock trading,
looking at the markets, doing your bonds, you know, buying
the different you know money market accounts that give you
the highest interests, and you know, you want to have
a team that if you don't have time, and if
you do have the time, it's always good to have

(57:54):
an objective, third party opinion. So that was kind of
my last word. You know, that's really what our consultations
are for for those that have been listening and been
sitting on the sidelines. We are open to having at
least ten people on these on ten slots for us
to bring on a new clients. My team did just
text me and say that we are actually looking into
the late October for those first appointments. So that was

(58:16):
like a little not I want to leave everyone with Okay,
I'm booking a little bit booked up right now with
me catching up from being out of town and pers
So for those that do decide to call or email us,
just be patient. We'll try to get you in a
little bit sooner if some things open up. But right
now we're looking at towards mid to late October for
those that aren't sited in calling and maybe having an
in depth discussion with us about taking you on as
a client.

Speaker 1 (58:34):
All right, LB, And last topic is more of a
rapid fire, But I have a quick quick question. We
get a lot of questions about concerns about people using
the equity in their homes to refinance debt, payoff credit cards,
and even use that for retirement.

Speaker 2 (58:50):
Yeah. Do your clients ever bring up that question about
this to you, LB?

Speaker 3 (58:56):
Oh yeah, oh yeah, yeah. I'm assuming that question was
about like reverse mortgages and things like that. Yeah, so yeah,
I gotta yeah, yeah, I got a few. We just
got done with a few of them last week. We
try we try to educate people on that because right
now during especially during political seasons. Going back to our
topic of kind of tuning out the noise. A lot
of banks right now because of all the cert uncertainty

(59:17):
on the markets, they're looking up. They're looking to shore
up their balance sheets, and again, debt is what banks want,
right So I'm getting a lot of people bring these
to my tables saying, HEYLV, I got this offer from
this bank that I bank with for you know, home
equity line of credit or reverse mortgage and things like that.
So this is a very very touchy chop topic, BEV.
And this is something I have to say my disclaimer.

(59:38):
It's like I cannot advise on the radio. It all
depends on your situation. And this is actually a very
very important planning topic that I try to go over
with clients when they're retired. Right. This is not for
the younger people, in my opinion. I think this is
for those that are usually over sixty five plus. And
here's what I'll say, and I won't go do in depth,
and I know we're at a time, but the one
thing I'll say is this, if you are retired and

(01:00:00):
you are one of those with your retirement plan, whether
you've done that plan on your own, whether you work
with an advisor, or whether it's just you and your
family kind of just winging it. You know, don't don't
be a closed book to using your home when it
comes to your retirement plan, your income plan, or possibly
even things like a reverse mortgage. Right, it's the last resort.
The one thing I do want to say in the
airwaves today without recommending anything, is back in the nineties

(01:00:24):
and two thousands of you know, a reverse mortgage or
a home equity conversion mortgage, you call them Heckam's right.
These are things that were curse words back in the
day because they were very unregulated. People were getting ripped off,
they were they were very predatory to senior citizens. Right.
It was one of the things where a lot of
the advisors before me did not really go into But
I'll say this with a big butt. Now there has

(01:00:46):
been a lot of regulation. There's been a lot of
protections for seniors. There are things, especially in the reverse
mortgage sector. Right, It's something where if you have questions,
it's something you should talk to your advisor about as
a possible avenue to refinance debt, to maybe stop paying
your mortgage payment, to tap into the again. A lot

(01:01:07):
I think over sixty to seventy percent of the Americans
over seventy percent of their wealth is in their home.
Does that's something that was released a few about a
year or two ago. You know, a lot of people's
biggest investment they ever made in their lives, it's not
their portfolios, it's not their cash in the bank, it's
usually their house. So what I tell our clients if
that's something we discussed when we look at your macro
bounce sheet, I try to say, hey, you know, is

(01:01:28):
the house something that we can possibly tap into to
live off of, to convert into an asset to where
you can enjoy that while you're here, To convert your
home equity into an income stream so you don't have
to pay your mortgage payment anymore. There's a lot of strategies,
and I won't go over that today because we're aut
a time. But all I'm saying is that if you
want to learn more and you are retired or you're
getting ready for retirement, and you want to talk about Hey, listen,

(01:01:49):
lv I have you know I have this half million
dollar home, I only owe one hundred thousand on my mortgage.
I got four hundred k in equity, right, what are
my opportunities to where I can possibly tap into the
equity to create income for myself and my family for
my retirement. I tell people all the time that's retirement planning.
It's about looking at your resources, looking at your army
of dollars and your wealth picture, and saying, hey, what

(01:02:11):
are those things that I can I can enjoy between
now and when God calls me in my nineties, hopefully
one hundred years old. Right, it's your four one K,
it's your social Security, it's your income sources like your pension,
and again that overlook things sometimes if it's right for
you can be at home as well. So I just
wanted to throw that out of today, that that's something
if you haven't thought about it, it's worth a discussion.
Not saying everyone go get a reverse mortgage. I'm just

(01:02:32):
saying it is now something that is a viable it's
a viable strategy for your retirement income and something that
a lot of people I meet completely ignored until they
talk to us. So I just wanted to throw that
out there today as a last note.

Speaker 1 (01:02:44):
All right, and anything else LV you like to tell
our listeners today.

Speaker 3 (01:02:50):
That's about it. As much as I can talk today, BEV,
I will say you know, there's a lot of things
we left off. I know today is more about the
political world and ignoring noise and all that stuff. And
you know, the next session will probably not be so
politically driven. You know again, I'll never get on these
calls with you, Bev and talk about who I think
is going to win the presidency and what's going to
happen if they win or lose. But you know, today

(01:03:10):
really was just about, you know, again, being objective and saying, hey,
you know, everyone, keep a straight head on, work with
a good planner and a good advisor to help you
make decisions. Avoid those impulses and all those news articles.
Just make sure you have a plan and you stick
to the plan. If you don't have a plan, make
sure you call us. We're always open to set up
those consultations, and we definitely want to make sure we
give our clients our absolute best in advising them during

(01:03:32):
crazy kind of times like now. So for those that
do call, we look forward to working with you, Bev. Again,
privilege continues with working with you as well. I appreciate
your platform, and again I look forward to anyone that
calls and coming back on next month.

Speaker 1 (01:03:43):
Sounds good, LV. Thank you so much, LV, and I
appreciate you. Stay safe brother.

Speaker 3 (01:03:51):
Thank you YouTube bab. We'll talk to you soon.

Speaker 2 (01:03:52):
Okay, all right you too, LV. Bye bye.

Speaker 1 (01:03:55):
That is LB Plumber Junior, our certified financial planner, practitioner
and LPL wealth strategist. Call LV at nine zero one
seven four eight zero zero five zero and yes, yes, Nate,
he takes clients out of state. Yeah he does, so
give them a call nine zero one seven four eight

(01:04:17):
zero zero five zero or go to PWS Planning dot
com book your free consultation with LB.

Speaker 2 (01:04:27):
Thank you, LV Plumber Jr. He knows about that money. Yeah.
We are going to the other side.

Speaker 1 (01:04:35):
Of the BEV Johnson Show back with our wallet warning.

Speaker 2 (01:04:40):
Yeah, you know that.

Speaker 1 (01:04:41):
We gotta know about that wallet warning. LB told us
how to save some money. Regina Morison Newman is coming
in to tell us more as we go to the
other side of the BEV Johnson Show right here on
w d IA.

Speaker 5 (01:05:17):
Whether you're in Arkansas, Tennessee, or Mississippi, on Facebook, Twitter
or Instagram, thank you for listening to the BEV Johnson
Show on w d I, a Memphis