Full Show 10-11-17

01:51:29

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

This is the financial exchange with the very Armstrong and chokes our. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. You know we've all heard the term dumb jock you know some of us may have used it is a slower. He needs athletes and high school college. In many instances the use of the term is unwarranted I'll give you an example Ryan Fitzpatrick. He's in NFL quarterback please for Tampa Bay. He scored 1580. On his SAT examining graduated from Harvard certainly not a dumb jock not all athletes are dumb that'll tell you what. NFL players are making it costly. And dumb mistake hi everybody it's Berrian might with you here on. And we are continuing to get deep deteriorating. Data out of the National Football League in terms of attendance. And in terms of viewership of the games. Yesterday the National Football League. Said it would consider requiring all of its personnel. To stand for the National Anthem a move that could defuse the dispute with president Donald Trump but could create a showdown. With players over there right to protest. Yes I. In EU make it seem like it's very black and white I think the NFL and the owners and be in a really tough position near the area. They are going to really anger a lot of players and probably. A good portion of fans too if they if they require them to Austin and I think they I I know how at least half of the fans that have been watching the football and are really angry about this yeah but I think there's another third to half that really support and now I think they're at their bears and yet they've created a really difficult issue now. And dad they've obviously obviously lost your ship although at the I'm not sure how much you can attribute the decline in viewership to this one issue you've seen NFL viewership beat declines throughout the last three or four years back about the same percentage every year. Well I think it's the last two would mean last year was a bad year yeah and they blame that. On the election the but it was also the year when called cap and started his it is in San Francisco and you know and then this year it's just accelerated the you know the protesting on the part of the players has gotten worse in 2017 and it wasn't 2016. I looked through the stats. And Tucker I don't know if you saw this or not but I went through all the stats and you know after a quarter of the season I think he can get somewhat of an assessment as to you know how this. Lee is doing in their down 7% yes still wanna wait until the end of I don't remember to see what the ratings look like about point cassette and so far. We've seen a lot of great games here and I think that is a factor that is your death blow on me that he about it seed today Green Bay game you and his freedom is one game. But you that you look at this year you don't have an election to compete with him and so they're not competing with politics. And or maybe they are. Maybe the U they're down 7%. Office sixteen which is down Willis who as he and number down last year and you know 9% samarra ballpark. Senators down 9% yours. Again just point other possibilities of what is going going on here. It also ties in to a pretty good timing of when people start cutting accord on the cable. Now if I start doing that before in 2014. I don't remember people saying it would cutaway cable at this point in time. Twice 152016. Netflix gained more and more popularity and people are cut the cord chucked it. You know China and I'd doctor Tucker's editorial I find other means of watching the game. Via the Internet but T there are yours who are watching the game. I am watching the game but I'm not being rated but he is being counted in the ratings policy. He sure. Now. The likes of at any rate I just see you know now and then you see self inflicted wounds and this is an example. Athletes. Putting themselves under the gun for little baby yeah I don't see the dean for the for the athletes lately that it does noting the I don't see what they've won. By doing these protests I know Michael you're saying recognition recognition issues the only thing. It hasn't been as it's in separate separate accidents and anyone knew. Isn't their right to protest on their time and other absolutely right and the their right to protests. You know is their right to not get arrested for protesting but they can be fired can be suspended by their owners. Their right protest is only so far it is. Though you know the oh. United states courts CIA I think what Roger Goodell is doing now. And you know he's EU were I'm pointing the gun at him but. It's the lead now saying well we you know we're gonna required you do to stand. That the fact that matters is a lot of owners that are siding with the players yeah it see it the owners are not. United on this the only thing you know the owners are united on is making money I haven't antibody time there even there and require the players' standard and I don't think that they're going to be enough politics as a star player. Right to say I'm not stand in India and and what do you do. Who's the best player in the league that is the best black player in the I think Antonio browns up there or something like he's he's highly marketed figure race and see if amazing at the very day you know see somebody like that. Says law and technology on an active and it. At any rate I just I thought we'd open the show with that topic and again I mean viewership down 9% last year yeah. A lot of that maybe can be blamed on election coverage then you know people in distracted with that down another 7% so far this year it is early it is you know. Fairly early in the season to be it's beat concept but it's a vary it could get in Jersey significant violent and it could get worse before it's better that's ill just mentioned. Indeed mark but I don't wanna go on on the prediction now that. The I would not be surprised if this issue. Got worse and more people tuned out then I'll go on the production ball sate this year is ratings are big improvement over last years really now I am so they're gonna make up the 7%. Movements. I don't know I think they're going to be better than 22016. Fizzled so you know without any roots are already down seventh right Rory. And BA got to make up for the first quarter were down by ICI. I disagree I think this has. I'll take the opposite side of that trade in policy if they're down 7% now in Albany either down by the end of the year eight to 10% because. The protesting against the the players in the in the objection. On the part of my generation primarily now is growing in I talked opinion they say I've. You weave in and what part of belittled big east this is just me but. With what. Really stopped me from being a fan of the NFL was when Ray Rice punched his wife now I am real closeness that's food and when Adrian Peterson. Beat his child restore watched C yet wealth for me though those are turning points that really for you watched a lot less installed well. Less and and and only with one guy I didn't entail the they denied access. At any rate the lets us switch gears to a topic that may impact the larger segment of our audience. And that is Social Security. You know. Last several years retirees have not had much of an increase in their Social Security retirement benefit as a matter Hernan. Well in several instances they've gotten zero Tony fifteen yeah. But now what we're looking at right up until. Just today I had thought that retirees would get a Social Security increase on January 1 of eighteen. My numbers say yeah that's going to be like one point 61 point 5% that that's what got my. My inflation data told rent one and a half percent maybe one point six. But. The hurricanes ironically. Are going to benefit. Retirees. We're I mean bat well. You remember when you went to the gas pump and had to pay 280 to ninety gallon for gasoline that caused the spike in inflation when did it cause it. August and September will those numbers are gonna be baked in to you work. Social Security retirement calculation. And now I'm gonna raise my projection now undergo from a number of one point 6%. And I must say that on January 1 anybody collecting Social Security it's gonna get a bump maybe one point 92%. Yet there could be it could be that significant lead especially with Houston in particular you saw so much oil production off it's like you said you know price at the pump went out. I'm wondering could the all the new car purchases and take place. Factor into inflation as well yeah out yet the people don't pay it makes our personal others think you think about this let's say you lost your vehicle. In the flood in the rebuild it or 360000. Claims. Put in and we think that the numbers you know eclipse 500000. So you go to a dealer and you need a new car. How much leverage dia. The answer is not much right you're going to that dealer and you have to have a car yet to drive a car off that lot because yet to get to work tomorrow right. That you're gonna pay whatever they edit it wouldn't be charges and say you're gonna see inflationary had food inflate it just a lot of different forms of inflation. And the result is that Social Security checks. Are gonna blow up a little bit more than had been expected now if you do that math and act comes to a potential increase for an average. About 26 bucks a month to 300 bucks a year that's pretty significant in you're telling us that the average is what about thirteen hundred dollar and thirteen 5013 sixty year. At any rate our poll question today is are you currently collecting Social Security. Our website addresses financial exchange showed dot com that's how you participate in the poll as old as I am I am not collecting Social Security. Again website address financial exchange showed dot com to participate in the poll are you currently receiving Social Security. The other story wanted to mention was shocked to see how many retirees. Are having garnish and it's taken against their Social Security checks because he didn't pay out the student loans again this is pretty shocking the the number of borrowers or the age of 65 facing this issue in your years of history chance can be garnished for student loans. Grew by 540%. Of the last ten years. That's huge and today to pray you know what that means people that graduated college back in the seventies and never paid off their long lines so I was thinking when I first read this article well must be you know parents helping kids some of it is. Only a quarter now. It's turning in most of these are loans that they took out individually and never paid back then and now you're in your Social Security garnished and basically is just paying fees and interest that you use its rating on prince. Well you know what happens to lose that lets say yours you you work in years posting 15100 bucks a month for Social Security. They'll take all of it except for 750. Dollar pay back your student loans senate seat edit your just Panama guys at 750 bucks a month is not a whole lot to be. That number hasn't gone up that number was set back in 1996. And is not an injustice in the last twenty years ago yeah a year get yours or security is going to be a beer. And bigger issue you know we've already talked about the fact that a lot of people only have some security. It's game earn. In the next segment we're gonna talk about drug prices would do drug companies due to artificially. Manipulate. Drug prices higher that's the topic. When we return from our financial exchange radio and. Work even without health care or tax reform all three major indices remain near record highs get the latest info on the sectors that are winning and those that aren't. Break here we Berrian just on the financial exchange radio network. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very Armstrong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that your hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com it's. Dirty suffered two securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so log on to leader bank dot com and sign up today this rate may change without notice and don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. Hi everybody it's very Armstrong and Jake two Lian we're talking about a program called Z rent this is specifically. Designed. For those of you who wore landlords and you used to collector checks. With paper checks are gosh maybe still do will zero rent allows you'd collect checks electronically. Jail is hoping he could spend a little bit of time explaining how Z rent works and why it's a big advantage for landlords. Absolutely buried so we we develops the rain to underneath the hole right now because right now. You know with the landlord when you're getting rain checks. It's low it's unpredictable. Missing on low rate. Mostly waiting he might not get all the rent until the tenth or fifteenth of the month furthermore if your landlord on vacation in your racing you know boxed up to what he does is it really digitize bill. It makes the ranked electronic payments and allows for roommates sharing through multiple roommates and apartments that's great if you're renting out to college student salute. It's predictable it comes at the same time every month. And it's all on me. So the landlords who have been using assisting huge time savings and ointment you are you still giving the first six months free for landlords the first six months or free and then in addition to that. If you bank at one of the participating banks he ran is always pretty. Those participating banks are meter bank and still messed me up at but any bank could sign up right now to keep you at a bank in Vermont to Connecticut. They could sign up and become part is the rent yup you your if you have a community bank that wants to be a member happened Collison will have and sign up and the service will then be free free. All right if you wanna learn more about this he rent. Go to Z rent dot net and give my call if you wanted to 8776917900. If your bank doesn't operate vacancy sign up for zero it. Go to zero rent dot net or call them told free. 8776917900. Security suffered through securities America Inca members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed dotcom and search for the station closest to you this is the financial exchange radio network. If you're on the hill you can still keep up with the financial exchange on the I heart radio app available on your phone or tablet just search the financial exchange and you can hear individual segments were full shows if you can't listen line we've got it covered. On the I heart radio at. We're joined now by Lydia Ramsey from business insider she brought a story to my attention that I thought we would talk about and that is. Drug companies and what they do it artificially. Inflate the price of drugs that you might need to take Leo welcome to the program. So let's talk about Allergan what are they doing to protect a patent on one of their drugs. And there aren't out again America's car and that and it had checked that the outlet at. Read the Hough and and Olivia and hit it at a patent you buy that big bucks a check it it it irk people can't extract I. Am about more than during it out every air. There what they did was head of the pack and unit at mount park track. But he's accurate but it's our community our current patent on it added it's very specific channel that there. Potentially. Would is that being in the tribe have to do with it again is it because Indians are protected somehow in and to. It made an error or call. Indian tribes developing a lot of drugs historically. He declined that and pretty much impressed and I have never read it out. There there are you groups that are able to. Act. Operate I can't count patent challenges that he'd never seen. I'm not include air America. That the content you mean I expect them. There is Smart is. It. That ideally at tacked on as his base and. So it's not illegal but out as our Ginn defend their actions I mean they've made a lot of people very angry. Greats yeah I am thinking that they're Eric I expect at. They basically but there arguing that they're trying to protect their attracts our double jeopardy you know. I do in this block out the hatch act that accidentally. Eat eat and that created technically. Urgent care company you get on the market it eating jacks a lot of the pack and mayor Kirk had a inland across and that made it there that prompted the company couldn't. Be keepers sketchy and create a lot of hand and conduct. I bill and they're happy to Alec and now is happy to you. That course and it back under patents and it actually I think I am right now in the car a bit. Arm over that though that's one back and that second chance a patent on it is is it something. That was set up under enactment that element and there. The patent litigation that it's really need ask anyway I did it. Here I'll pitch count. If something's up into parts for the arm into what arrogant. And happening is getting on to match. So on happy to get there on that and. So. What what's the net impact on consumer right if I need devers would you congress passes. The drug. What would the impact on a consumer. Who's taken that drug. Right you right now I am confident that he has patent on the cat and our twenty all right Billy packer. Originally at upper body act and yet it. Coming into the next he added I am. Attitude tiring out here you only have one option for an extra and he can take the friend category it. And now there haven't achievement. Ideally Monday. There should be generic competition neck of the iMac and that it looked at the break down you know it Alec and I and it's able. As heat it's jet on patent for longer that it means it it'll take a few years skirt or lower back and it to the market sort. And can understand. Now what's the response from congressman. Have they are not deeply at your victory epic and it confronting it. I have one group of democratic and it Eric apps apps act correctly. Add add it to you can take a look at that. At eighty that he thought it on Alan Grant McCaskill instinct at La actually trying to make it illegal. At that age is at stake and that America that it it it how to act up. And that's a mark sent. The current. So the the base dirt they kicked the hornet's nest and Allergan. He writes yes it it is hinting at Oregon and act out against Patrick is. It ain't Dick and it. What I'm. Double digit rate is going or get at the idea of their social contract that really need. That's kind of the picture and men and at this and it's it's it's that people keeping their. Well remember the you know the the guy who run and that company. They can say whatever they want that they work for the stockholders. And to their graduates ever in the day and boy the stocks trade at 207 bucks a share. And Ned too badly about stockholders one vacancy thank you Lydia I appreciate your time. Lydia Ramsey business insider is you know it's dirty pool is is I mean I'm trying to think back this is gotta be one of the most. A bold and creative and public. Exposures in the loop hole that I pursue all I've seen a million of them this is pretty mean they do this take advantage of they add native American tribes that this through it to get out of your drugs through. Patent litigation that's that's. Pretty bold. Now Heidi I think this comes to bite them I think this is going to longer term draw way more tension there accompanying they would have liked. I think so I think that there going to be and pass this in dragged in front of congress I think it's going to be I don't think you know him. Detriment plea hurt their stock on well you take a look at their stock. From July of this year down from 260. Do you Wear a fit it we might have something a little bit better than a fit it to talk to you about when we return. From the financial exchange radian. Making your Smartphone even smarter. Come on no mobile lab by surging financial exchange joke in iTunes or those who who played stores this is the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent day we're zero and leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dogs he ran meant to learn more or call 7816418691. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that your hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you own rental property you're going to want to hear about this exclusive program offered by leader bank it's called rants and is designed specifically to help landlords receiving and deposit their rent checks electronically as opposed to having to wait for the a leader bank right now if you're interested in C ranked the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and we'll help you avoid the hassle of waiting to get a check many landlords are suggesting that tent and sign up for C rent upon the execution of their release and why wouldn't you wanna do that once it's set up you never have to make another change during the lease period he does a free service if you have an account with leader bank and if not it'll simply cost you a small monthly fee cult leader bank right now and 8776917900. That's 8776917900. Or go to Z rent dot com for more information. Member FDIC it's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing call lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 4492 finds he. Grow subject to credit approval leader bank a step ahead planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from probate and in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's. In it you'll learn about strategies to undertake while preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right the only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed dot com legal exchange show dot com. If you're real estate or property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies leader bank as they're banking partner or call 8776917. 900 or email BBO at leader bank dot com for more information member FDIC equal housing lender. Time now for Wall Street watch a look at the market's performance so far today but I don't Berrian jug right here on the financial exchange radio network. Well to be out of markets are moving very slightly today but two very different companies in the news today Kroger very large grocery store. Clinton up about 4% on the news today that there reiterating their tree seventeen financial forecast and also extra exploring alternatives for their convenience stores which could mean yeah potential sale as well as investment over nine billion dollars in the next three years. Stocks up 67 cents or about 3% on that news and fast and all the industrial parts supplier at a pretty. Rough quarter stocks down about 3%. The profits were actually outline what they saw was they had some pretty significant increases in costs. And employee costs higher bonuses and commissions. As well as him gross margins mean hurricanes that stock markets at about 3% on the news 2%. Larry if he has noticed that a lot of people weird these tidbits if you've seen a fair amount. I see you allotment moment clients like word that it's. And there's a new device out there appeals to me more than that called mode and old TEV. It is just a ring where it looks like a wedding ring from what I can gather. And it takes very similar deed. To the did it but it doesn't go your rest like that it does. And it charges for three days at a time makes it sound great for me that would be a home run. In enacted Wear swimming. Such a 200 dollar product your rate just looks like regular wedding band maybe a little bit thicker battery wedding band but not significantly. And yeah I think the big attraction this is his last three days it's very noticeable and like some view it like where wrist watches. Something like that product. Last for a long time I think the difference is a lot of people say. This is not hardcore athletes. Product and this is not at Procter and he's training for mayor on and it's not that accuracy is not that accurate it doesn't do anything to prompt you writes no it would fit it if you're not. Moving around a lot you can says that actually does and today to get movement and other issues rises it's not android it's only pilots. Which that's a you know it's the mark. You know get what they it's waterproof too that's Shiite my form of exercise is slamming male and that would be away from the measures things calorie burgers and a heart rate in all I don't get that all I can do now. Is measure how much time I spend in the pool and the distance it. But I don't know how. Art site I I try to be very Covert is wearable products are getting more and more interest that more than their existed in ties. Not a noticeable item that your wearing the more prevalent at. The United States soccer team. Failed to secure. World Cup spot. Newton this joke this is so bad to oh joke and and they lost to Trinidad. And you know I looked at the age during the break I looked up you know the population of Trinidad as one point three the exactly was a milk is unknown and it has millions in a while they're there 61 point three million people in alternate. And we lost it now it we had been playing terribly. And I was in the beginning of the beat them all they had to do is dry then they lost Eduardo lost. It's the first time that the US men's team won't be in the World Cup since 1986. I it has to be just like the the program director anybody involved with USA soccer must be beside the constant embarrassment. The amount of money they've invested. In this. You don't take the biggest in this sport culture. Registered a massive deal 200 million dollars to buy the rights to the World Cup. We're not India sesno who knows me watch and we're not I mean people stole watcher but not as much as the third US resentment I area to see their advertisements either going to you know trying to convince people they should be watching this obviously practice you know. Promote all these soccer players that I assured him. World Renault news I don't know Olympic soccer players out there today but we also know and but did you have to promote all these people that. American general you know general sportsmen we're not as into inner tournament and we lost since the 1993. Team in the world I mean I'd rather be in the tournament and be like the lowest ranked seed and not being at all you know it's so bad to figure that root for the underdog. I think Iceland. Qualified. Iceland is a cut smaller untreated after Tyson has a population of like 800000 people. When the it it just ma you wonder what's wrong. With our soccer program everybody you can say OK you know they eat you could discount like you can loses a soccer game or hockey in any. Right it just hit a I've seen. Big upsets in sports but they didn't lose just one game they lost a lot of games against teams they are supposed to beat. But what is wrong with American soccer how can we be that bad he's an overhaul of something something. Some I I was struck her here because that you'd he would have better insights and he'll be beside himself to suck his truck was a College Soccer players maybe division one College Soccer I don't watch soccer. Yeah and and you go to a game but it like why are we so bad. I'd and I don't ask I don't I don't know I just a question I should note there this country in I don't know it said Berry being issued. Immunity issue. For all of our friends who own investment real estate and rented out I'm not talking so much about really be talking about commercial property where you're renting it out to. Commercial tenants like a restaurant sentiment that or maybe your landlord who owns the four family house. Near college and it wouldn't be uncommon if he had a four Finley house near college to have as many as twenty people paying your rent and if you're in that situation. You need to introduce yourself to this program called Z rent. Zero rent you the website actresses zebra dot net why he wanted to use zero. We young people today don't have checkbooks the aid they do not write personal checks and they want to pay use their rent electronically. You know what it's better for use the landlord the get paid electronically because that way you know go to the mailbox you have to go to the post office to check the PO box. You have to angle from the post office to the bank to deposit it then also under the gun somebody balanced attack Tia yeah do you have any of that. Zero rent you collect your rent that you are entitled to you collected electronically. If you'd like to learn more about you rent call them co leader bank is they owned zero and its 877691. 790877691700. You walked into any branch of leader bank and talk to them about it or go to as he ran dot net. But for gosh sakes don't collect your rent. With physical checks it's just the old fashioned way to do you you're just asking for problems. If you don't convert over to zero at wal mart's buyback is huge. But here's why you should not be chasing buyback stock buybacks now. Wal-Mart I first of all. Companies will announce these stock buybacks and then not follow up. Me they're not committed a sell order by four billion dollars worth of our stock back in the Czech. A few years later they did. But I mean for you receive from Iraq yesterday you know Wal-Mart was up over 4% on this news very big very big movements. You know basically what the article stating though is that if you take a look. Add a lot of these companies that had announced these giant and follow through on these giant I've actually take a look at but the call the buyback monsters which. Since 2000 TO wal mart's got back 30% of their stock ExxonMobil IBM Kohl's target blowing all these companies have issued these major stock buyback programs. You take a look at the index those companies and on that. Hasn't really outperformed it. And here's the edit and just giving you suggestions Wal-Mart and indict I don't own your stock I thought about buying but I did not buy Wal-Mart stock. But here's my suggestion to. You're competing with the Amazon Amazon's growing their revenue. 20% a year. At the Eastman the AD Amazon's growing like a weed. In. 2015. Wal-Mart did 485 billion dollars in revenue. And and lastly the game and grow revenues in two years. The edit their revenues are flat with Wal-Mart should be doing this is just again my opinion I am not a stockholder so Wal-Mart it's not really listening to what I have to say. But at a grow your revenue your your your your growth you're you're having your lunch eaten by Amazon Amazon. EE should be taken at twenty billion dollars in investing in technology should be investing in delivery should be investing in trying to stave off. The attack that Amazon is inflicting upon you and your not. Every citizen that I I criticized at the same time they're spending all this money here there dramatically trying to cut the costs and all their stores BO to save enough. To reinvest in the online shop and I mean just pour that money there I think you know improve the fundamentals of your business don't just. You know inflate your numbers by buying back stock and they really need to work on the fundamental core of their business in which this day and age needs to be online job. And in the meantime Amazon. Is continuing to develop and continuing to innovate. What they're doing is they're exploring ways to get your growth trees ready in your fridge and what they would do is they would have a keypad on your house. That could only be opened by an Amazon and totally. You did punch the keypad. They'd walked in to be camera that we watched there employee. Put the growth trees in your refrigerator on your counter and then they would leave your house and they would enter keypad in and walk away or given even put him in your trunk your car trunk this. Violent and bugs seems like every week we have some new crazy thing that they're trying if all right assailant alike after Britain there's no chance of lamenting Amazon walk into my house and deliver my growth trees I would I wish it absolutely and I but line. I have 21 year old daughter settlement with some rain and then on minimum wage is not a whole bowl over still want a minimum wage employee walking into my home in the bill that as we know the feeling she's completely in Switzerland and it. It bacon 15:20 bucks an hour eastern guys driving trucks for him as a cash still have no interest in them walking seven I mean immunity issue one nothing and but I I like the idea of the other when they're exploring his base that against the trunk of your car and put pagers and no issues that. Put effort on your porch then sure fine and I still eligible can send my own that is is absolutely boundary. But I like that they're talking about it like that they're exploring this technology and looking into it and finding different ways this is all brought on by the fact. That package there's rob left right center from him more urban neighborhoods. Are here and enough. Alia I mean if you live in summer knoller Dorchester you dealt with as before and what happens if the it's your package it's the USO older than they reimbursed. Believe the shipping companies listed as the count all the way I lived in Somerville. Most of our packages need to be signed for. It would not lead packaged in front there's. And it is just lifted. No place and you look at. When we come back we will be joined by Colin pocket. From Morningstar we have to stocks that we're gonna talk about next grab a pencil and paper stock tock is next from the funny to exchange radio network. Trump's administration hasn't passed any significant legislation yet but tax reform is front and center fast and share. Keep it here with Barry in check for the latest on the president's agenda and how the markets are reacting and this is the financial exchange radio network. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from pro ready to. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in Dolan and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide called designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake while preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed dot com legal exchange show Doug come. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't delay log on to leader bank dot com get all the information about this great offer and sign up today be for the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. For your Medicaid income trusts. Todd you know I keep reading almost on a weekly basis about stories worst states are challenging. Durable global trusts and Medicaid applications. What's up with the increased scrutiny on the east trusts. Yeah the problem is that you know many more and more people maybe are trying to draft him more more lawyers are trying to get into the field to get that maybe aren't ready. That's the safest way to say it and and they're putting paragraphs and it that just caused problems if you if you wanna put it in English causes a crack in the ice yup and allows them to reach in and you know grab those assets from the trust and it's that back aircraft that causes the problem and so they're starting to realize that rather than just put states are true yeah. States are saying you know we're gonna we're gonna take a closer look at every one of these trusts and see if there's a way that we can find a crack and that it's well makes sense now. Whipped I would have been. What's the result if you lose if you go to a fair hearing you lose what happens well if you were to lose it the assets basically the assets in the trust that you might have told your clients are going to be protected from the nursing home. Are no longer protect they would be considered accountable assets. And exposed to the cost of nursing home care so it's a big deal it is a big if you lose it's all about drafting Jerry it's all about making sure war. You put the right paragraphs in the trust. Folks if you have a Medicaid income trust you may want to have it reviewed to make sure that your assets are in fact protected. He can reach out Cushing handled by calling them at 8668485699. If you wanna copy. Of the October guide it's about Medicaid income trusts. Most of you choose to download the guide from their website which is legal exchange showed dot com. Legal exchange showed dot com for your copy of Medicaid income trusts. The financial exchange for Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten days is the financial exchange radio network. It is time for stock time. In June of this year we hitting new record high stakes after accusing totaled one point 021 trillion dollars in outstanding is revolving credit a credit card act that says. Record offers you know I'd say it's history we're joined by complicate for Morningstar to discuss couple companies try to take advantage of that trend. Morning colloquy Astaro secret. Yeah thanks for having made system currently has been a recent purchase not all investors Berkshire Hathaway and outpost groups. Is your listeners may be aware. Think he issues store branded credit cards on behalf of retailers like Wal-Mart and Amazon and JC Penney in. In return these retailers are about 40% of the total interest and fee income he urged generate. In recent years this has been a phenomenal business although last year investors have gotten really worried about rising consumer credit losses. That because of stock to drop from Baja I have 38 dollars per share to a low of 26 dollars and Mae and that's when Berkshire and outpost start buying and the dockets are covered. To 31 dollars in part to do news of these investors involvement. We still think it's modestly undervalued sitting pretty but we doubt. These investors would add to the position at today's prices. I think that is really benefited from the fat from the effect Amazon has had a retailers. Retailers are under siege from Amazon are looking for any way it is is Klein to offset declining sales or find additional revenue streams. Offering to store brand credit cards does this one of the easiest ways for retailers to generate additional revenue helped. However is technically benefits so much from struggling retailers and eventually. Yet it seems like the Sony shipped. I'm sorry that seems a bit of a sinking ship with stagnant and declining returns there. I I'd agree with that so for instance into context team. JC Penney one of security's biggest partnerships. Definitely struggling retailer generated 347. Million in income permits credit cards and that's more than 85%. Of it. Operating income. And you can argue that chase and he has become more to pass on to consumer financing. Actual merchandise saying. And so we expect degrees degrees growth to remain elevated it in told some of these retailers got a business. But as long of these tourists retailers are struggling but remain alive and pretty will that effect. It's just a question of how Long Will that person just eventually none of these retailers. Well go out of business. In addition the company has dramatically under lab bird and has the ability to purchase a lot of stock. Which could try to are fair value higher we think the stock is worth 33 dollars per share a small premium to the current price split. How will note that this growth persist longer than we anticipated and the company has bought back a lot of shares this quarter. That could be a catalyst for a a higher brasserie is our fair value. About Capital One way or how does that cup they differ so much from obviously Capital One is is. As entrenched in the retail market and how did the companies differ what you see about Capital One that you like or dislike. Exactly it's Campbell what is an adventurous. In retail they do you have a big operation and that they're much more. Focus on the broader consumer. Known as a graduate I think pretty out. Credit card issuers. Across the board at the opening higher tax credit losses that cable and charge just now exceed 5% of receivables and a few years ago charge offs were below 3%. On note that charge us today are still historically below average and you know any sort of rise are saying it's more open normalization. This is why don't Capital One shares have declined from a high of 96 solo threatening line. Shares of rebounded to 87 we still think the company is meaningfully undervalued. Charlie trading at 120% discount to do. Are fair value. It's important no effect credit losses are driven by two major factors. Economies want. And the amount of new credit card holders there are. Per chapel lawn and all credit card companies the riskiest credit card holders the newest one. The baby younger consumers are just people who have switched from other credit cards. And after 2008 credit card companies. Terse of these new credit card holders. Over the last three years consumers that have been on the sideline. I have returned to their credit cards and they've been joined by additional people who are joining a rejoining the workforce. That these credit card holder New York credit card holders of put substantial pressure and credit losses we don't believe. I credit losses are resulted. Declining consumer help our results of loosening of standards. And it's more a result of that demographic. And first few years these critics are these weaker consumer believe it product purple and a result in a really high quality group of cardholders with low loft. I think these charge out. That happened in the first years. Your craft catch up there Carlos Arianna run into a break but I appreciate joyous and that's augment those two companies we'll certainly keep an on thank you Colin pocket from Morningstar to selections are seeing pretty financial and Capital One Financial. S were a gap in CEO lefty Terry and Mike from. Of the financial exchange would unit. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that your hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com it's. Dirty suffered a securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Maverick DNC equal housing lender and number 449250. Subject to credit approval leader bank a step ahead and he spent the last thirty year forty years building your financial planning business. He worked hard and your clients rely on your. But what about when you retire you have a team of dedicated professionals who will care for your clients in the same fashion as you do. Every dot about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we are looking to build our business through acquisition. We are affiliated with an award winning broker dealer RI AA and we have superior service capabilities we work with clients and all six New England states and have offices throughout the region making it easy and convenient to set up meetings if you're interested please contact us through our website Armstrong advisory group dot com or call 803934001. Our advisors have over 100 years of combined experience in the financial services industry call us today at 803934001. Or visit us online at Armstrong advisory group dot com security suffered securities America incorporated member and SIPC advisory service as officers prisoner. Guide to retirement planning it's really important that you do this before you retire. Talk about two things that are critical aspects of retirement and that would be Social Security first and secondly Medicare it's your Medicare supplement programs in your Medicare part B program. You know let's talk a little bit about Social Security everyone knows that you've been paying in these programs really for most your lives if you've been working. But there are a lot of questions about when you should take Social Security in the first thing that you need to understand is a concept called full retirement age and that age differs depending on when you were born as an example. If you were born in 1942. Your sports harmony ages 65 years and ten months you're born in 57 it's 66 years in six months or you have to understand this as well as how your Social Security amount changes based on how long you wait. Right the other thing that you should do is take a look at our guide me again at stake in the guide for retirement readiness. Exclusively available from Armstrong advisory group. But as it relates to Medicare. Each state we've listed on the in the guide each state and the web site that you go to for each state to calculate your Medicare program and which ones best for you. Yet differs depending on the different states and you really need to be cognizant of this when you're building your retirement plan. Well the folks again. Just to reiterate this guide is available exclusively from our strong advisory group it's called an investor's guide to retirement readiness. You can receive the guide by going to our web site Armstrong advisory group dot com only available on line. Armstrong advisory group dot com. Go to now Armstrong advisory group dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make sense of leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from probate and in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in dole and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month to hundred no brand new guide told designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed dot com legal exchange show dot com. Your dream home is within reach with a Jumbo mortgage a loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinance us all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank a step. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay log to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new east savings account that has a one point 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. This is the financial exchange with Barry Armstrong and show Oksana and you're exclusive look at business and financial news affecting you today Houston. Your world stay informed and a today about economic and market trends plus give breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. Not a lot of action on. Wall Street today you know we're gonna get earnings start to come out especially big financial things. Dow's up four points and the NASDAQ up five speaking of financial and he's actually we got 1 this morning. Black rock. Coming out beating expectations with five dollars and 92 cents per share earnings they did they beat me beat earnings buy in more than thirty cents a share. You know it's a pretty massive. Aston management growth agree that apartment 17%. Stock action are acting all that much as it is aria over you know over 20% year to date so I guess him this is similar priced in. But you know these types of companies that black crux of anger they are gobbling up assets left to right center and you talk a lot about. Mechanization and computerization in order robots on this show if you tuchman industry it is an impact. The financial services yet they've been letting many employees go over the last ten years in replacing robots. You know it's it's by the way it's welcome to show its Berrian like with you here on Wednesday. Yeah robotics the unique thing about warehouses in truck drivers in. Taxi drivers all of it be replaced by robots nobody suffered more in terms of robotic replacement then the legal profession. And financial services business I mean think about. Yeah Fidelity Investments thirty years ago all of the assets they are American fund all these actively managed mutual funds that had dozens and dozens of people work for them hundreds in the you know picking stocks and picking bonds and it's just been. The angers the weather just replace that by congress the firm of our size in the 1990s with you know the amount of assets that we management would have had a 12830. Employees to fifteen yet it just. It's become technology more efficient frontier for the financial services industry. A Connecticut trucking corporation. Has been named to the Forbes growth rate that growth champion. Goodness for Connecticut he's. Don't see a whole lot of great news that a company that Connecticut but we did today it's a I XP he said XPO trucking company they'd they grew. Revenue between twice fifteen to sixteen from seven point six billion to fourteen point six billion that is massive growth. We are mainly there to seeing huge growth from the online retail service line in New York City areas of their drop and packages. Can they do in 7000 deliveries a day in New York City area alone. Pretty significant and seems like he should be continued good news for them though you know anything they were concerned about any of these companies and try again in the same game. Amazon just take this in house and say we don't need you as anymore we'll see you later now it could be. Berkshire bank ease moving from Pittsfield Massachusetts. To Boston. And I would imagine people its dealer to happen. You know they probably aren't in long term misses. Probably you know going to result in them having to and it laid them off form with him in Boston but yeah I have pressure they're keeping 370. They are there it I don't know how long term that's. I think it be long term view is of labor costs of excellence eight I think about back office financial deficit jobs were drowned out. Yeah Springfield Pittsfield area war in Boston. Julia wages are double in in Boston compared to Pittsfield the CEO the they only have 101000 square feet of office that's nothing. Yeah I mean that they don't need a whole lot but it is the largest Massachusetts headquartered bank. Yeah at this point as they bought out I was Commerce Bank at the end of last year. Commerce Bank at a number branch in the Boston area. So they need headquarters in Boston ray if you're going to be the largest Massachusetts banks probably need to have. A Boston cores to be able to attracts. The specific you know highly educated talent that you need more running in case you're right for your back office. The phones and Webb's port maybe a dozen club says that no way I was wonder too about banks that size with the talking about you know Berkshire. Eastern Bank error Middlesex bank you know. How long can they survive before they get taken over by city year Wells Fargo just seems like yeah the roll up. Is right because it's so hard for them to compete from regulatory and technology person via from those two specific areas you're absolutely right although you know. The regulatory rules are so complex these days that some of them actually favor the smaller now you know if you don't have these if you are not so necessary to the US economic picture. You you're not quite as regulators. Once again a key as you grow when becomes more and more pitcher which unit threshold stuff. Tucker indeed indeed when your kid growing up Dijjer. And we subscribe to time magazine I don't believe that that's used sometimes suspect the dentist office or something in the weight room back. In 1997. Time magazine had four point two million paid subscribers. In the east to publish you know 56 million magazines a week has paid they have in the new standard term that. That has his driver dropped off that. The table. Many are done they're gonna go now Michael to two million since prince a week that's incredible. Be you know the problem it is nice to get time magazine has kid Negroponte as an adult it came in our house. And I used to read it but then what happened is eerie and I think east he get delivered on Wednesday's. And by time you got that magazine on Wednesday. It was like Sunday's news it was like an old blue little eight and. The Internet has ruined that industry. The the weekly publications say with Sports Illustrated I used to be something. Wiest I get that. Magazine effort for years. Right there you still justify the paper contaminant free dance knows and who I don't I don't I don't know I don't I don't get delivered paper either but I suppose you just try and you know to be fair number of stories that have been broken by those traditional media outlets have been pretty significant this year and a lot of you know sexual harassment scandals economists and your papers it's all electronic now. Your biggest off the dribble which you know for years really struggle electronic subscriptions there to about a 100000. Yeah which it they don't publicize that but I have a source that told the bulbs that are on hunt which is really straw. Mean in their day they had assay. 3400000. Paid subscriptions for the fiscal paper yeah. So they're growing. And they still printing physical papers but you don't see that I guess if you in your neighborhood. Do you guys see anybody getting physical paper delivered in only one intent and I buried. Don't walk maybe one when I drive to work rate and on bleed generally I've. Agassi paper voice anymore regular season truck they guys driving around because I'm leaving for work when they're delivering the papers. It still Seidman and that it's it's an industry that's just gone away yet. They had us say you're gonna see this really across the meantime manages more than just time Sports Illustrated weekly fortune there is cutting back on one of the strategies here users coming back and number of issues that they do every year so I think cutting back says. You know far less than once a week. The agricultural secretary. Means Purdue he favors food stamp restrictions. Basically with Sonny Purdue is suggesting. Is that if you are rely on food stamps then you get a job here common work if if if you want them and if you're an able bodied. Adult you know and again. Yeah I think down where you're gonna see some of the biggest resistance to the person is some of our big minimum wage employers. Wal-Mart Kroger when you go senator wal mart's. You know they show you this effort through its own money to become an obsolete had when you I definitely. Because they're paying you minimum wage and you qualify for a it's part of the reason they're able to pay their employees minimum wage well they also get all the shopping Kroger will get 40% of the error Lou. Of there're most loyal customers. Are on on foods that are worth some four established 40% that most what do customers have been on food stamps some time in the last five years so yeah I mean. Big big retailers like this not only are there employees but a lot of their shoppers depend on this IA. Will seek you know maybe they gets up in like this through I. Have doubts these they're varied big money players in this game and try and defend this program. Very strongly 42 million Americans island food stamps a huge number used to be 48000013. Damn them come down to leave 40000013. And 42 million today on news that. 1215%. Of our. But stock maker has been hit with a lawsuit following velocity is massacre now this is only. A period of time when this happened and based in Texas they stopped selling these products. And obviously there's been a lot of attention on this and guys on the matter of time before these toys companies they're getting hit with lawsuits. I don't know what you can use the lawsuit as they were selling a legal product than. It's beat pretty tough to. Prove some sort of intention here about. Certainly I think all of the makers of these two price loss to the next few weeks Munich when we come back we're going to be talking to a business owner his name is David O'Connor he is the founder of mine track VER. It's a virtual reality. Park and guesses earner Rina is is that an accurate it's like gaming arena they gaming arena but it's all based on virtual real art. It'll learn a lot about that and what it's like to be a business owner when we return from the financial exchange radio network. Markets continue to fluctuate but we've John you covered get your daily update on what time and what's not from Mike Armstrong every morning at 1030 boldly on the financial exchange radio network. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. To financial advisors are over the age 55 and many no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you hard but now it's time to find a successor the drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our and transactional oriented firms with a solid stable of young advisors who will put your client's needs first and provide them with service and attention to which become accustomed if you're interested in talking with us please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong. Advisory group dot com securities operative securities America incorporated member Famer SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're in the market for a small business loan you need to call leader bank if your small business looking to expand or improve your infrastructure you need to take advantage of this great deal from leader bank. For a limited time your business can get an SBA loan of three point 99 annual percentage rate with no closing costs on loans of up to 150000. Dollars and ad rate is locked for four years you need to have a credit rating of 700 million give you an answer within ten days of receiving your completed application. This is the number you need to call 8776917900. That's 8776917900. Take advantage of this great offer from leader bank a four year fixed rate loan of three point 99 annual percentage rate with no closing costs on loans of up to 150000. Dollars and you'll hear from them within ten days of receiving your application 8776917900. Call right now 8776917900. Member FDIC. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're. Close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Unaffiliated hi this is very Armstrong and I've told you for years about my relationship with leader bank I'd doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. The financial exchanges live on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Days as the financial exchange radio network. Every Wednesday at this time we interview a business owner if you're business owner go to our web site and reach out to our producers talk herself like he'd love to schedule you'd come on the show and talk to us about what you're doing to run your business today. We're joined by David O'Connor he's the founder of a company called mine track the arts a virtual reality company. And you have an arena in Woburn. I've I've read a couple stories about your company tell so if you can Canada what you guys do. And who your consumers are your customers are. It in short what we do is we have an indoor perjury arena via the easiest way to understand exactly how that is. What that is and how it works is if you could picture paint all laser tag. B and blended together with virtual reality that you would have what we have out. So unlike most virtual reality where somebody puts on a headset we've all seen the videos that kind of funny you put on headset yup you feel like you're on a roller coaster in your freaking out. And we all sit here and laugh that you watch you do it there I didn't let me left and right so you don't see us when your in the headset in we don't see what you're seeing you're really kind of isolated. In this scenario I can put everybody in the warehouse in headset and you are all in the same game together participating together her social sells it to work. Wait vivid description of I read. Was like it would seem that would appeal to a lot of young man. Yes and and there there is a war game scenario right now are running a zombie survival game but that just happens to be the one we're running I have we have a game right now that is just really almost equipment or corn maze and VR also can really go taping we want it to me. That's your point on the the consumer than it does seem to be predominantly younger men but we do get probably about 3540% women. But it is by and large the Mullen meals and meals and corporate groups so the you have this facility in Woburn how much space does it comprise. The game itself has 4000 square feet so the space of course a little larger as we. Everything else that's needed to get in the giro on in the gear off and whatnot but the game itself as 4000 square feet and how many people can play at a time. The way we do it is we break the 4000 square feet into two separate 2000 square foot Arenas and and I can put eight people teacher greener at times a sixteen minute time playing basically now right. And would it be if it sounds like here. Here they're wearing computers is that is is that what kind of technologies involved. For the participants snipped so what happens is this. There wearing a backpack and the backpack contains a meany and a mini computer that Adele. It's an alien alpha computer alien alien where alpha computer that so they were in a mini computer its battery operated and that connects to your headset in your ear phones so that's how you can see and hear everything in the virtual world. And then within camera plus I would in the ceiling we've mounted a 168 cameras are. In they seek infrared so substantially it's on so what am I looking through in my wearing goggles you're you're wearing a VR headset. VR hits you'll learn a VR headset you're untethered you're not tied to a computer and your body is the control you're gonna get up and go. So the cameras take all the data wirelessly. From you send it back to the server and and really all your information to everybody else so that's how. Vacancy were you are you can see where they went in the virtual world. What's your web if somebody wants it checked it out in and try to be you know come up and and take a visit and use the machine with thick with tear with the actress. Mine trek VIR dot com did you get that Tucker mine track trying to. No yard diagnosed check out some videos of users online this morning actually playing the game would just like pretty entertaining yeah yeah that's pretty pretty cool technology in does that like bar that comes over. The top of people's heads or is that of those like sensors is something he had so that's the tracking the cameras don't actually physically see mere use the cameras seek light so. There is some tracking devices IG is mansion on the top of somebody's head if they aren't on this one in the gone. So the cameras drab that information relay it back to the server and then back to the players doing it ninety times a second term and that's how we track Q what was in the virtual space. I think annual and system laser tag people he mentioned this gotta be it seems really cool for mr. and after like every room has done for. I got done well at Travis. Yeah so how how frequently you think you'll be able to update with new games at this point well just do thinks so there. Technology is. To buy company called zero latency in Australia got so contractually would them. They colossus certain amount of games they've already there we've only been open for three weeks and Woburn opening in about two more months and my Alvaro and they are ready. Three games ahead of schedule. But the way it works right now as we have three games that we can run now. They own the at least one more game than a year. Yen and one every year there after but they also all upgrades to the existing games that remain popular so kind of like I now call of duty. And mine crafts and lasted fifteen years each the reason they can last that long and keeping the number one team every year is if you play call of duty today it's not the same as it was several years ago they keep upgrading making it better so long as people like. Yeah it's Emmitt Mario mine around for so if it far zombie game is super popular people wanna keep playing at they won't add new variations in levels to it. Has this that's phenomenal. Phenomenal. I think people like Paul Aaliyah I mean you could go on FaceBook look at the reviews I've been in a lot of businesses for a lot of years now I'm not a PR guy Ametek I am an entrepreneur nor. I've known bars restaurants trampoline parks clothing boutiques. Have coming in a lot of things. I've never seen anything we aired the feedback is as positive go and find the FaceBook page Patrick via will burn. I think we've the last I checked well over a hundred reviews in just the first couple weeks ago. I think there's three that on a five staff. And I think this is attempting to fly right Yankee you might have a bachelor party group of guys come over the party. In the end is there bar there that there there's not a and and and we're about to experiment when I think about it physicists or after a couple out that that applicant an experiment and and in the long run. Part of my vision is to put food and entertainment around this and turns into the top often via via that that Michael anything short of that we didn't write how Harry look at. We've put we've released tickets for about three weeks in advance every Monday we released more tickets for the third week out he and the current week tends to feel about half. 50% leading into the week in in the video we want people walk in and pretty much kills. What's your it would tear capacity how many customers can you take it. Well again it's all based on the open hours I can run sixteen people through a game here physically in the scheme for about thirty minutes how many employees he needs to run incident as a strictly easily agree that it does it it's not too labor intensive I get a but he Q2 in Austin which is. Partners yeah I am Marian currently part 300 Australia so that this is pretty simple but. It's far schemes can run like as at sixteen people attack and the game takes about thirty minutes or 32 people an hour and now it just comes down to one hour's worth being open is it worth being open on. Tuesday at 2 o'clock everybody's work and all right so right there aren't what we tend to do so your big days would be Friday night Saturday Sunday's would be a good thing right now yep exactly like anything an entertainment we. Make all our money basically for Friday afternoon through Sunday dinner but we do pretty well during the weekdays one thing that really surprised me we knew we'd get it. I just take time to building in think it would be street right out of the gate. Is the money through Thursday's we are still busy open and public but veggies and these are jammed with corporate events corporate events happened and it and we took the college is Vegas. Yeah yeah and that and you going to be slant it it is it is totally viral we've we've already seen it 7% lead and after you come in as a service you automatically get done and eat great corporate. Great you know team building all the camp where it's. Right now we're against a much of party literally within the last few days party double the president's staff that for you if it. The web site folks if you learn more about this I'm gonna take a look at I haven't had chance of its mind track VR dot com that TR EK. Mind track the art dot com. And he can book hero corporate event he'd take a look at the site and who the heck knows maybe they're hiring you're looking for jobs here again difficulties. He's a good hire and your move and you're gonna open a facility in Marlborough Massachusetts. Correct that's gonna open probably around Thanksgiving so to your point yet Leah iron in Omaha hook and and and maybe into Connecticut some time and the next one on the docket is king of Prussia Pennsylvania and then over the years you know as for you and a congratulations. That's David O'Connor founder of mine trek the art dot com joining us today on the financial expert. You've got Barry Armstrong. Financial exchange shall look I mean Cilic in new radio network. Whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader banker called and learn more call 8776917900. Or visit leader dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value leader back a step ahead. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're. Close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Securities are for two securities America incorporated member finreg SAP C and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from pro ready to. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in Dolan and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide called designing the perfect income only irrevocable trust. In it you'll learn about strategies to undertake while preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come. Legal exchange show dot com. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks hassle out of round date with zero liter banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Very Armstrong here and I'm joined by vice president G tool from leader bank. We're talking about zero rent this is exciting because Z rent isn't method for landlords to collect their rent electronically but there's now by refining Jane that it's been widely adopted by Condo associations tell everybody was he rented. Right so he rented the product we innovative leader being. Comedy can be found it WWW duds the rent dot net and it's essentially. 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And then of course there are some reports in notification that all great stuff but going back to your question a Condo association a lot of Condo associations have been using human as well because the Condo. Payments that kind of the shirt do every month at the scene so they've been signing up and there's a version of the rent for condos. I'll be darned well sounds like a something that you need to learn more about folks visit. Zebra dot net to learn more that's a website address or call them at 8776917900. Toll free 8776917900. Why collect your rent or your Condo fees with paper checks it with the modern age go to easy rent dot net or call them toll free 8776917900. Markets are. But questions remain about whether or correction is coming. We've got you covered every day we've what's not and what's not from Mike Armstrong. Mornings at 1030 only on the financial exchange radio network. Tucker at that time of day where I need to issue a warning to all baby boomers are employed. If it ever ago millennia old styles are going to their parents and asking them to refinance. Their homes. So that the millennial skin then pay cash when they allowed into the market what's wrong with. We don't want give it possibly go back it took I mean this is. And I I kid you not this is a story in today's Wall Street Journal. Parrots refinance their own homes to help their children compete is all cash buyers in hot housing markets. I mean this is a recipe for disaster just I just put it out their baby boomers hit it but you know. Whenever I really really wanna live in that hot new neighbor India. Tough. If the I don't know who's doing so I I never hurt item I'd what's value. I have heard. A baby boomers helping out their kids with the down payment that's very common yet very commandeered or even cosigned which I that's a crazy about that I've seen. Boomers. Help out I help my dog my daughter bought a place earlier this year and I helped her out but ultimately. To refinance your house I guess what they do in correct me if I'm wrong. The refinance their house so junior can go by. Million dollar home pay cash. And then junior refinances that million dollar home games is that a lot of fees. So. Have a menu here at those fees for the day in mortgages that way and that's not a world I mean but when you refinance you pay the yeah but when you get the initial mortgage fees valiantly refinance royals actually pay you are paying twice. Two issues that I see one you're making against. To a child in Julie your kids is not a long. Little known Q appeal. It can't be asked to be against these if you do alone and I'm definitely not do though is if you do loan the company is not connected to advocate a million bucks and he says it ethics of the gift. Did you make corner route I mean at. Maybe maybe an elegant glass house idea that. You're taking out money giving them a gift that you know they have no contractual obligation to give back to because he did spend the company will let them refinance. Zone getting worse and worse yeah is stages and then I mean you know worst case scenario I think about this race you'd you'd vote in your kid 800 grand to go by home. And then before they can refinance the housing market falls apart and lose their job but the divorce the divorce rhetoric and your stocks narrowed their home. Are not even though there on your starts there it is let again I. And it brings its happening all the time. That's how hot that rules that market news mentality on the story read an agent Cody Hoffman recently were twenty something Olympic athlete paid two point eight million dollars in cash. For his first film masters parents refine their own them to get in the minds that come up in the campaign. Two point eight million. It's a wealthy parents approve. Equifax disclosed driver's license data for more than ten million Americans a story just gets worse and worse and worse is gas so we knew initially they did Dallas ran up front that did this and driver's license they have ways given away with that's what I thought well is okay we'll someone's gonna have now my Social Security number and nine drivers and oh there's more information. Maybe have how to Umar. When our nation's interest in what color your hair earlier rise motor guys with your Dorgan. God this is getting worse and worse and worse and the guy and still most people haven't checked their credit since the pre two yeah I wanted to put as a poll question which do that some pointed to find out you know how many people actually listen this year I've actually gone and checked. I'd have frozen their creditor checked all of them frozen credit because they'll call the office with the could yet and it. But yeah I've I think I hope our listeners will be a tad more educated in the average American I think what less then a a quarter net average adult Americans have actually checked their credit report for a Democrat since the since the big breach. Hey I have proof that. We are not as a society ready for retirement what are how to I know that while. One out of five people over age 65 are still working in a 65 used to be agent which you know he got the gold watch and your sent out the past junior retired not anymore. Well to help you better prepare for retirement. Our company Armstrong advisory group is making available. He retirement readiness reports of guide an investor's guide to in retirement readiness some of the questions that are asked. Do you know what sort of lifestyle you wanna live in retirement dad pretty good idea. Will you have the resources you need to maintain that lifestyle that's an important question to know before you quit your job. And you if you that get a copy of this guide it's called an investor's guide to retirement readiness. Simply go to our website Armstrong advisory group dot com lets you download the report. An investor's guide to retirement readiness the website address one last time. Armstrong advisory group dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Yesterday we started the show with the story about Honeywell and Honeywell of course is going to be spinning off for at least they hope to. Spin off two divisions of that company I think Pfizer's do something similar yes I France and it would be doing ciller's nuts please if accompaniment of spin off as well. Why do companies do say yea that was a question we yesterday and I need answered today you know there's their whole bunch of different reasons that companies might use it one is currently sometimes just get too big and clunky. Fat dumb and lazy Graham it when your soul massive strike a Procter gamble like Honeywell of that. You know you'd think about these different business units you know maybe there's a really successful business unit and Honeywell it really small and every time they wanna get capital you know they have to go up the corporate chain fifteen levels in order to it you know talk to CEO about getting some money to invest in their own business whereas if you spun off that smaller business and let it. Operators its own entity got its own financing. That they might have the potential for more growth in the CEO is that it was and the guy run in the company can make a big bag of money yet he turns it costs. Whereas in cities that division's director of the Canadian economic incentives just isn't there. So generally speaking what we've found is that spinoffs. Over you know really a four year time period after Dayton has been office companies tend to perform. Very very and a lot of times a spinoff does better than the parent think about PayPal and eBay right. Ray is a good example in his index that tracks this guy takes a look at just companies large companies that have been spun off word you have spin offs then. And the performance of the next four years. Has pretty strongly outperformed the S&P 500 pretty significant enter and it doesn't always work in him EST companies I think Hewlett-Packard may have been an example when the went sideways that. You are now and then herb quite often. In these more often enough right more often. Make it makes sense but it you know sometimes it goes the wrong way it also makes can make it more attractive for acquisition. They think there's a smaller guy is not going go by Honeywell might go buying. And that it was business that spins off and it's addictive isn't it deeply they're spinning off two divisions that are relatively small compared to 3% to 7%. Bird pretty small pieces of them will say. Price of wine might be going up California wildfires are causing tremendous in the book is tough year for natural disasters again it's dangerous. Oddly. You know. I was trying to get the name of the different winners there's effect go go find some local shop and load up on but he yes. Talking about what you meant to hear in this scenario. Is a natural disaster that is impacting. One of the most expense varies. Where did you take a look at real estate companies that are being impacting California it is. Just massive and massively expensive surprised they were better prepared. Yeah you know is it out there every year they didn't drop out there for four years but what do you do anyway how how he really prepare for this day. Is that while fires swept through. This massive area overnight. It wins him. His wife and a couple hours who does the hope they do it devastation to residents that is tremendous I don't know what I mean how he would Heidi prepare. I don't know what you can do. I mean you know if you're working on earthquakes can build your home a little bit better. The whiners themselves or damaged in diet like out I have a suggestion was you're. News and suggestion what do. Might wanna start boning up on Australian wine that if it because they California wines it and become what it was taught in stock is indeed the head 90% of the great the ma Sunday it. Ebb and going forward that we next what's gonna happen. Other produce anything its whereas I think. You know a lot of and it takes six years before they agree or even usable from when he mentioned Australia why because we have a guest on Friday from a Bloomberg who can speak just to that to me very good line from here that's up that mountain iron complaints are strong line. They John Ferrell just cut and yeah. The Sox. That's not that that's machinists I can't don't let me start our we will we will. We're talking rubbish awful rich. Right enough but if it brits are about baseball and the next segment I I am not a baseball and I kind of lost interest and because the games go too long. To talk to. Jared Diamond from the Wall Street Journal about what baseball needs to do to increase and improve their fan base that's next from the funny to exchange radian. The financial exchange with Barry and chuck is liable on FaceBook and YouTube every morning beginning at ten days is the financial exchange radio network. 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Her FDIC a minimum Alex fees may reduce earnings raids subject to change without notice and may change after an account is opened. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from pro ready to. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's. In it you'll learn about strategies to undertake while preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed dot com legal exchange show dot com. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43% to financial advisors are over the age 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you work hard but now it's time to find a successor the arms drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our and transactional oriented firms with a solid stable of young advisors who will put your client's needs first and provide them with service and attention to which become accustomed if you're interested in talking with us please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong. Advisory group dot com securities for securities America incorporated SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if you own rental property you're going to want to hear about this exclusive program offered by leader bank it's called zero and is designed specifically to help landlords receiving and deposit their rent checks electronically as opposed to having to wait for the leader bank right now if you are interested he ranked the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and we'll help you avoid the hassle of waiting to get a check many landlords are suggesting that tenants and upon the execution of their release and why wouldn't you wanna do that once it's set up you never have to make another change during the lease period he three service if you have an account with leader bank and if not it'll simply cost you a small monthly cult leader bank right now and 8776917900. That's 8776917900. Or go to dot com for more information member FDI city. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. To vote on our daily poll question had financial exchange showed John come while you're there fire of the media player and watch the show while you work. This case the financial exchange radio network. If you're landlords take advantage of zero and they fully automatic online ranked collection tool that is free for landlords with an account at a purchase anything. And always free for attendance sign up to have rent checks deposited directly into your account call 8776917. B 900. Or visit C rent dot net for more information. Well there's a new way to buying a whole with no money down boy I've heard. Story. This doesn't seem like a news story to me. But there's a new website out there and mortgage lender that is setting up basically crowd funding cites two people Q. Get other people to get them. Gifts for the announcement I told talker to do this when he's getting better member told you about this thing Tucker was setting him what that is the only repay a pension Tucker I'm producing you know. This that is the only practical application that I can see this actuaries are it's it's that crowd sourcing web sites this stuff party exists for a whole number of different things you know I see them all the time for particular Iran Sudan is you know. And cause cancer tree acog causes cancer night and my sisters sick and need fifty grand for drugs exactly so this one is. I need fifty grand for a down payment amount brick. And it's set up in a specific way so that the banks will become comfortable with a B is oftentimes accuracy dips into your bank account they won't attract each one to make sure it's not alone. As this did basically the technology behind it is OK you can. Accepting gift into this accountant. And of no use for home can be revoked. So. I. Think it's a little bit ridiculous but no no and I see this is something I actually. I like this this is use a young fumbled away. I just as I say serve you're gonna wedding and were baby play our go to the baby shower rate and be in in the it's it's. I'll give you an example I'll go to my niece's baby should. Right and they're living in a tiny little Condo where they're living in a crowded apartment and. And I'll go to baby shower. We're gonna suggest to my wife first item would be sure. We. Keep my wife we're going to be. Right I would suggest about it because they never tell my wife anything I would suggest to her. They honey. Rather then buying that BP and outfit that the winner once or twice and then tossed one and you put. Fifty bucks a hundred bucks and their they're down payment fund Alec said this stuff. This is how you build well. There's this buying real stated and in so many young people today this many people I'm not gonna pick a new people but so many people freighter away. Money and then at the end of the month XHI I don't know why in saving human and make lots of money but insane. I think this would be her I would strongly preferred something like this on. Waiting register your then. It. While the deaths of so rightly think the other thing to consider is I'm plates are like cold talker this before he got married to sit. If if somebody is saving money file motivate each. And somebody saving money for house on the give a little more than it would if I was just by an Afghan. I just wanted I just because it's Albany's ordered have a nice house and gadget so it's college education. Advocates college education you know I don't look at bad is pegged at that to mean is is on the kid and it's on the pair. But it for for a house for a loved one. I'd be more generous they that's my message and maybe it may be weird not but it. That's that's just how I feel my thing out. Renters think that the housing market is finally loosening up they're not paying attention to the statistics. Yeah apparently gauges are there yet they're hoping that the customers that it's just tightening and tightening and prices continue to guys. There's a consumer sentiment survey that's done every month and generally speaking responses have been that. The real estate market looks a little bit more attractive for them in the AC continued and the next few years ago buyers are a little bit more positive. Yen in inventory levels are down 6% you know I don't know what they're basis. You know what it is good news for it is everything I'm seeing. Nationally is that inventories continued decrease it's tougher tougher by just as an example we're beginning and it just researched the housing market is kind of keep an eye on it. And we must and the South Shore we saw this house lists and expert for 294 very good price and a expert right it's like the corrupt pay. Maybe maybe. Pending three days later yeah or it's Wednesday with nine offers. Yeah probably probably yeah. No real estate is is still hot in you know like I do believe. That baby boomers are finally coming around to the idea. Of selling girls and 101000 today turning 68. Is that magical moment. Where you use you walk around the house and you've finished vacuuming it you spent two hour work in the ER urgent mood altering your life and you say your life. I'd leave the house is maybe it's time I I think boomers plus the prices have come up enough now. We're psychologically. Boomers are getting to the point they can say. Well I'm gonna get almost all my money back or really get enough on this house where it makes its way to go I mean the most hot high demand house's that you know it's the baby boomers want for retirement mean a smaller single level living house you know their fallen off the market in three days at nine offers over asking price because that's what's an estimate. A lot of boomers who are willing to leave the area so I'll give you an example. You you you raised your family. In. Sudbury Massachusetts he'll only raise your family in West Hartford and can you raise your family in Madison Connecticut. You don't have to retired Madison Connecticut you can leave Madison Connecticut is it bedroom community in need if beautiful we'd have to you have to retired there you can retire. To a community that's less expensive and maybe doesn't have the same level schools they like your West Hartford does or you're. That your your Sudbury Massachusetts does. Yeah it and that's what I see happening warm warm is more more of my generation saying okay. I'll let go my suburban house because the kids are gonna have to worry about school systems anymore. And I'll move to the paper all move to someplace else. And I'll reap the rewards of selling my house that's that's what's that's what baby boomers are going through the baby boomers Europe and are are finally. Letting go made it built up their savings again their 401K balances are coming back a little bit. Beginning get a decent Social Security check about time they hit 65 an hour about this whole health care conversation. Is there and one Medicare. You know so. That that is what I think made loosen up the real estate market a little bit a little bit warmer for next we're not seeing yet but I Asher looks now. The Dow is up seven points the NASDAQ up five the stock market being up also helps by the way because people feel richer. Right you're you're more inclined to retire because Sanwa a lot of money in my 41 K plan didn't have a lot of money couple years ago. Are screwed allows a fifty dollars and ninety cents and yes the piece up that 2551. It's Mike can vary from the funny to exchange radio and.
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