WRKO>Audio & Video on Demand>>4-28-15 Full Show

4-28-15 Full Show

Apr 28, 2015|

4-28-15 Full Show by The Financial Exchange

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

If you have a child that's not really responsible with money. Is there a way to protect them from themselves when the paired up talking about the spendthrift child you know when it. In the in my own children yeah some of their money in their pocket they burn through it yeah no I agree you wanna protect them from their future creditors whatever they may be. Going forward I mean in to give him an allowance as opposed to lump sum yeah you know figure out how the money can be used to sort of sprayed out in them overtime and endured in a way that. And trust can do that so that they're protecting them it's that themselves from their own creditors. If you just at today with the estate tax exemption as high as it is we're tend to be leaving more and more Athens to our to our family. Because less is going to the government well. We wanna make sure we leave it to them in a way that won't perk. So keep them productive members of society so away and and quite frankly. The biggest concern I have sometimes is future divorces. And into fuel dump. You know half a million dollars in July your child's hands and they get a divorce five years after you're dead they're gonna lose half that money on a good day. Put it trust the trust does a lot more than just probate and avoid taxes these days it can really protect your assets for your children's from your children's creditors. That's reason number four for you to have an statement call now and received his brand new guy from Cushing handle the top ten reasons to create an estate plan. 8668485699. That number again is 866. 848. 5699. Call now 866848. 5699. Advance the state planning has many benefits including avoiding probate passing your assets along to your bloodline protection from the nursing home and my favorite possibly eliminating the estate tax type folks this is Barry Armstrong from the -- to exchange each week Todd -- a partner with the law firm of Cushing handle educates our listeners like telling them how to protect your assets from the high cost of nursing homes a state planning has many benefits including helping you to not impoverish their spouse if you go into a nursing home Cushing and Dolan has put together a brand new guy top ten reasons to do estate planning call for your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Securities operatives securities America pink member and that SIPC an advisory services apathy securities America advisors think Gary Armstrong representative Armstrong advisory group Cushing and Elin and the securities America companies are unaffiliated I'm going to grow. It into the. All dance. The basketball we're. Yet wherever you're going the quality gasoline that ExxonMobil stations of the energy behind your journeys they hope they do run smoother and help improve fuel economy to. ExxonMobil energy lives here and Exxon Docomo mobile accomplish details. There's your basement or crawl space have adapt musty smell. Well watch out better sign it too much moisture and not enough ventilation and that can mean increased mold growth and they'll build up of harmful toxins and gases don't bother with the 1888964. Way. When the time comes to retire don't just roll over your employer plane into an irate when you've been saving in a 401K for three B profit sharing plan or money purchase plan you generally have several options each of which has its own advantages and disadvantages if you're entitled to a pension your employer will provide you with various choices or how you would like to receive your balance did you know that if you have company stock in your retirement plan there may be substantial tax savings opportunities for you to keep the employer stock rather than just cashing out and rolling over the proceeds to a hiring we are making available a free guide that will help you learn about distribution options from your employer retirement plan assets 8669579902. That's 8669579902. Kiddies up with the securities America in member and IS IPC an advisory services up with the securities America fighters think Gary Armstrong representative Armstrong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert for any activity concerns. I. Okay. This is the plane mentioned exchange we've Barry Jones film. You're sweet stay on top of breaking business news and Lou how to manage your money to help you towards a more secure future he'd still thought initially exchange we euros. Valerie Armstrong. Hi everybody welcome. The financial exchange glad to have you with us on a day where we couldn't be busy from start until finish. Going to be taking a look at Dylan Thomas there Dillon Lewis excuse me from ma who'll be joining us with some stocks elections. And we are trying to get. Nick I am Nellie from WT OP to join us he's here on the ground in Baltimore and try to find out with the impact. But I'm trying to imagine news. What the impact has been on business owners in that Baltimore area my co host today talk is not a can you imagine you're trying to run. A restaurant and deli and grocery store a bank the CVS drugstore you're in the city of Baltimore whole. Well there is what I saw from yesterday which was actually a combination cafe in Delhi in Baltimore that had been there since 190 he'd actually so we're talking hundreds under years. And there's a FaceBook post from the owner of the Delhi saying look the cafes already gone Adele is probably gonna be destroyed within the next you know a couple of hours. And you have people who've been there for again a 10050. In what is thought their businesses and what's the purpose immediately what would you accomplished by. Firebombing and CVS drugstore aisle will look you don't accomplish anything by it I mean it's again you're destroying you know the area around where you live in. Look this is so bad that even you had the local gains from the blood in the clips come out yesterday. And say stop doing this you're not doing us any favors because even they realize that it crossed the line so when the bloods and crips are telling you yeah that. You're crossing the line I I think it's a sign that things have gone a little too far. Now may I just you know it's got permanently scar a city. Win you have. A burn out like that because if you're a business owner let's just say pattern your your FaceBook your idea and your Intel got you taken. G you know there's a lot of good colleges down in Baltimore. Why don't we open up a research facility in Baltimore. The damaged eighteen you manage in the long term damage that is done to the city of Baltimore not unlike. Is the Saint Louis but this is ten times worse than what happened and Ferguson. I hope it's that I don't know if that much worse now this at this point I think is pretty similar to what you saw the first couple nights and Ferguson you got to remember the first couple nights and Ferguson. Worth area mean you back. You add some bats I would say this bad and you got to remember that in person the first couple nights you read again you add. Crowds all over the alleys destroying buildings destroying cars it's a very similar situation right now. But what that does try it from the business perspective. You know the growth for stores not gonna open up there now right there's those that people that live in that community. Are not gonna have access to banks they're not gonna have access to grocery stores they're not to have Max CBS if one if I'm the CEO CBS do I reopen that. Drugstore absolutely no. Well here's the problem is that the more businesses stay away from the area the more lays the seats for the right happen again and so it's you get into the cycle where it's okay businesses stay away now there's no jobs now people have nothing to do and so it continues to happen all over again and I thought it was interesting actually that the CEO of the the Orioles down there now Jerry angels came out and said. Yet it one of the most profound one of the best things have actually ever seen from a sports owner and pretty much said look. People are saying this is because of this event this isn't right this is because you've seen a good job sent away from the US because of greed and corporate profits you've seen a lot of these jobs outsourced as a result he had Baltimore which keep in mind Baltimore you look at the town around there now warehouses manufactured by that. Oh absolutely buy you look at the last fifty years all the jobs in this city now where shipped out there aren't. You're the only thing that they're manufacturing jobs the only things that you actually have now they've got the port obviously which is still very busy port. You've got the area around the inner harbor which is a nice area but he start getting it together. Areas these actions kept just perpetually. There's this oh I'm not denying it at the these actions now the because you know one of the big complaints we have from people that live in the inner city say well. There's no shop. This is why there's no shopping spree why would you open if if you are. Kroger why would you open a drugstore. In that town metric or 7-Eleven. Eight like I can just I'm just thinking now from stockholders perspective. You're on the board rate for Kroger do you eat it eat it why in your right mind would even think about opening your drugstore in that. In Q might it doesn't even if I girls are bad metro Detroit for about six years didn't have a grocery store now so it's it doesn't even need to be like this something like this you're gonna see businesses fleeing the area because how you can what are you gonna do in terms of insurance who's gonna ensure I don't know no one well so I don't know that it's I mean this is the type of thing that affects the business community there. You're talking 101520 years a generation now we're back to normal right now and he. I. You obviously the people involved business that. Led these riots. They're not thinking it they're not it and I'm not thinking at all that you're not. And they don't understand the consequences of their action and you know what. The consequences it'll hurt them. But they'll probably end up in jail anyway write me this is gonna hurt their parents it's it's gonna hurt their fifth did you see the picture of the mother. Whelan on her kid and because he's apparently. A lot of like fifteen year old young man oh yeah they p.s weren't. These these worked the 25 year old gang members to your point to these work like I was looking at some of the photos. These are the kids got kids drone breaks you know there's a great photo of the kid. Who he's throwing his right hand he's he's thrown kind of side arm at this police band that's driving by this brick in his hand now and you sit there and Eagle Lake. The cats probably thirteen fourteen years old and it. It's like what what do you do exactly. What. You do it it's kids doing things that they would never probably do on their own but they're doing it. In these big groups and big packs would never do this by himself that he's going along with the crew will apparently the it's been in. Through social media. Right it's been on Twitter get in on FaceBook and they've done something called purge which I guess is that that's a movie or something right there's a movie or movies it's likely takeover severe no it's the movie purse is all about. Twelve hour period of time. Worried you are allowed to commit unlimited crimes with no consequences. And that's what happened in except it was twelve hours something like 24 kept it in Baltimore. But the TV guide there it's all over before it if it be that hard for the cops to get to the bottom they've got. Unbelievable amounts of video. Yeah that you cameramen. Just taking pictures of that area these kids you know thrown rocks in the cars have been the people we had from places of the 27 arrests. Date it's it it literally has just been complete disorder there's been no real attempt by Baltimore police until this morning I believe to really deal with the situation but you looked last night and you add. Situations where people were trashing cars buildings in Baltimore police just kind of standing at the other end of the street watching well even worse than that right there's a building on fire. A mother escapes with her child up an infant yeah right. And the fire fighter show up to start putting up a fire. And then these kids these animals are slashing the fire Hosni slacks and a fire hose that what do you do so you know they're it's they're so ignorant they're burning down there alone in there their own property and it's. But the boarding up their own cars yet. Yeah it's like when you. It's it's it is it is completely it's completely past the port of rationality it's completely past the point where you can explain anything. And I mean again when you have the blood in the crypt being the voice of reason and something's wrong this is something that hasn't occurred in Baltimore. Since Martin Luther King was assassinated back in 1960 and you saw this all over the country. You saw what we're seeing today. We saw back in the 1960s you guys don't remember but this is not the the first time we've seen this movie we saw in Newark, New Jersey it was really bad in Newark majors every major city. In the country with the exception of Boston. I don't think Boston had in me when you look at Newark it's taken forty years for the city to try to get back on its feet and yet still it's still is but I mean it took you know you're talking 4050 years to start getting things moving in the right direct hit a lot of those cities. Like Philadelphia is not a very nice city in and out he never spent much time Philadelphia a little bit at some friends went to college there's so actually in and so actually in the bad part of this idiotic it's not a great area even even outside area okay. On we have recruited. A man on the ground in Baltimore his name is nick I Nellie he's gonna join us in the next segment to give us his perspective on what is going on in Baltimore. Breaking financial news it's the financial exchange with Barry Armstrong. On the financial exchange radio network. Investors searching for relatively little risk investments that can easily be converted into cash. Often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 87769178900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917. -- 900 to learn more with the bank a step ahead mineral -- open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty early withdrawal including -- penalty which may reduce earnings rates subject to change without notice member FDIC rate effective November 4 2014. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will be impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Security topic is pretty the American member and IS IPC advisory services property securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert for any activity concerns. This season powers and I'm doing today by estate planning attorney Todd let's be. Aloft Herrmann Christine talent with your legally exchange quick tip of the day. Today we're talking about last minute cleaning techniques for the procrastinate or they can help steadier ascent if someone goes in to a nursing. Todd can anything be done to save the liquid asset of an unmarried individual. Yes there are some things now remember it's never as good as as an advance planning. But it's better than losing all the money and that's really the goal. In order or an individual who single to get on Medicaid. They have to have less than 2000 dollars and often times they won't they'll have you know few 100000 active that they saved over their lifetime here. Well that bucket of money is there are the individual would then happen to. Purchased one of these Medicaid annuities and please let me just throw a lot of reminder. That these annuities cannot be purchased prior to someone going into the nursing home so don't let somebody tell you that they can tell you Medicaid annuity today. It's a last minute planting technique. And once you buy this annuity let's say take two or 300000 dollars up excess assets. And purchase the annuity that those excess assets are converted to an income stream so value and S and have less than 2000 dollars and assets. Because that. Big chunk of assets has now picking out an income stream a monthly check you'll receive. Over your life expectancy whatever your life expectancy is that's the term of the annuity the moment you buy that annuity. You're now eligible for Medicaid and you will stretch out the money make it lasts a lot longer folks if you're single warm married inner peace with a nursing home today. The air is something that can be done to save your assets last minute that you need some guidance. Collar office right now heard the brain a guy from Cushing and own cleaning for procrastinators. 8668485699. At 8668485699. Helping you understand how to best manage your portfolio. Keeps the financial exchange with the Barry Armstrong. We'll look financial exchange radio network. Our man on the ground. In Baltimore. We'll be calling him momentarily. Right now levee this. Run through some of the stats that I'm aware. Fifteen cops heard one very bad one who's still unconscious. 27 arrests which I find startlingly. Low. The governor has declared a state of an emergency that state of emergency in this is all related to. The death of Freddy gray right he wound up buried yesterday yet. Freddie gray had been. A arrested. Last week. And he would he died while being transported up is not the they the story and in the autopsy results are due out supposedly in the next few days that potentially. May reignite this once you finally get those coming out rank as the autopsy results the speculation news. They are going to reveal that he was beaten in the police fan. That that's that up with the speculation gets there. We know that 5000 reinforcements. Are now on the streets in in Baltimore an additional 15100 are available. We know that the schools are all closed in Baltimore today. We know that that much of the writing activity was arranged on social media I'm assuming that means FaceBook and Twitter truck. Yet those are probably your most likely areas and and what you're seeing now get even this is agrees eighteen year old cousin just came out this morning. And direct quote this is not what my family asked where this is and justice this is just people finding a way to steal stuff and he's seen the pictures also you know there's people walking around stealing toilet paper at CBS I mean it's. It's just an excuse to go and cause mischief and Havoc in and do some terrible things and it's it's awful that's happening. Do we know how many businesses have been damaged or destroyed I guy I know the CDS was burned in and looted but do we know. You know is there. Because when I'd love to know. Is he imagine you're a young mother right and you're in that seat if you're young mother you're in CBS 23 times a week yet and it's gone. So where do you go in that CBS is probably never gonna come back. Now me and if you look at that the families that are living there actually that aren't participating in this because. Again you're you're seeing quotes from people living in the air saying look these people don't even with a few of these people coming from other parts of the city to destroy you know we live actually. And if it's you're you're literally ruining these parts was it that these that's actually the only hope that. That may be the apartheid is getting ruined will be rebuilt because the people there responsible IE I I don't know I mean. You'll get what you're seeing here and I mean you've seen the police cars that have been set up by the bands that have been sent out by the buildings destroyed. It you seeing and trying to get a number of the number of buildings that have been affected I can't find any hard numbers but I don't even know yet numbing you have at least that I've seen as at least 45 that were destroyed pretty much completely in the in the looting obviously is beyond that I'm when you start to go through everything as well. Yes the ID they destroyed in a trying to imagine why senior citizens. What was that I thought that was a separate incident actually. All I heard reports there was there with the one that caught on fire yeah I've heard reports that that was actually separate incident that actually just bad timing caught on fire yesterday don't know. What the actual full story is there now but I know that you've seen there's an another development actually. Brand new one that I think was also. Essentially destroyed in this. Riot and so you've seen pretty much. Anyone know across the spectrum what you're talking seniors young people everyone's been affected by this point the baseball game last night canceled bone cancer death postponed to later. And Andy had even the night before. The baseball stadium actually closed its doors and wasn't allowing people to leave back onto the streets out of the game as it was it was too dangerous I was going to help. People are posting it on face death. What was happening if you walked outside the stadium use your risk of being beaten up yeah yeah he's your grabbing people outside in Poland and out. I let's go to our guest. Nick I Nellie joining us from Baltimore Maryland nick welcome thank you for taken time out. That's a problem Barry socket to be here. So what what's the what's it like there today how is it is it column today Ayers it's still pretty dangerous. When you're compared to what was going on last night obviously armor but last night at 80 in the lead there were early or it. Glass bottles at police officers. People were injured several officers were injured not seriously. And is day that started out. Like on nine but then you look at the street you know and the National Guard soldiers they're standing in an army and he next we. Blocking out road. Other street or shut down the state troopers are standing so older older red and black right ear only shields and wearing helmets. So anything but normal in Baltimore but certainly better than what we saw last night which was the only way out in the. Straight. Low eight nick any idea as to how many businesses were affected by this. I think we have something like. Structure fires. Yeah if we got fired in Baltimore. City insult that brand new information. 140. Or be a buyer. The people as. Walk around they were setting vehicles on fire many of them only vehicle. Betting it is on fire looting. Emma are going and by shopping mall looting that. And danger there again spot in Molotov cocktail glass bottles it. Police officers were trying to keep the beat. Today officers are all around the date on race and the Baltimore along with hundreds of soldiers with the National Guard. Maryland governor Larry Hogan made a promise to the people earlier this morning. Its office is now located at Baltimore for the time being says it will absolutely not happen again. At this massive law enforcement president. Will retain order or a situation. Nick when you look at the rest of the city obviously you had the the looting in the riding going on in certain parts. What what exactly is going on outside of the parts that were directly affected I mean are people out and trying to act as you know go to work in. And keep up a normal order or you seeing people pretty much staying inside and out really do much in any part of the city right now. Thought that perhaps you know Baltimore public pool. Float. There are being told to stay home today at the bulk situation as dealt let. Police are telling people remain in her home state. Of molecular severe weather that right ear state official they'll be staying out. They up the road that will be easier to deal whatever out. That's very similar so what's happening here there are being sold this state in died at stake and as it will be easier only the road. The downtown area there were friendly area in the inner harbor. Seeing a lot of people don't work mail going out west Baltimore and plates work the riots really started breaking out and then build and the downtown area there are few people on the road. But again in the inner harbor there countdown area Baltimore. It looked like a normal days people had to work. Certainly anything that normal on the wet side the city. Is is the west side of the city again though isn't working class neighborhood how would you describe. There are a lot of pain in building on the west side of the city and that's another reason why we got so many structure fire last night he. Ban him column it is it is. In the inner city of Baltimore were being set on fire. And that is the difference between the downtown area and the west died it stayed there are different. Areas of Baltimore that tourist friendly but it is the downtown and in the west side of the city there riot started on the west side. Began spilling into the downtown area last night and be in arbor. A place packed with tourists there's a major wary about the the people out in the lot children in the area police were telling people. Date back that was yesterday. They back away from Arabic it's just not state that right in there and at the rioting building in that area. They have only present on a normal day. I saw. I've video of a lot of violence around Baltimore stadium with the Orioles placed so it must've bled over there on Sunday did not. That's exactly right over the weekend thousands of people are wrapped in camping yard you know because of ongoing protests around the street. And last night and yards float down the Orioles that day or what the white dot. That was as well. Wouldn't even allow him that go to court and yards there. Very violent protests that adult wrap it around inner harbor and downtown area again they build over. The west side of the city. And created a chaotic situation. And the city special day ought. All of this situation that light up like Maryland governor is not acted the National Guard. Put them in the most. Well nick in listen I know you've been up probably for two or three days straight and we sure appreciate your contributing in. Helping us understand what's going on in Baltimore thank you very much for your time. And it got. Nick di Nellie were to keep him on speed dial is the real story chopped. On Baltimore's gonna unfold over the next five or ten years I think this story gets worse much worse before it's and he. All right when we come back we're gonna talk about why FaceBook is dumping Skype. That's right that's our next door. Can cope with a financial exchange. Download the mobile left by surging financial exchange in the iTunes or Google play store from the financial exchange radio network. If you're a landlord pay attention it's that. First of the month rent day tied to chase down late payments and organize your files per trip to the bank now you can take back all that waste of time with something called zero liter bank's new product see rent automatically deducts tenant rent and deposit it into the landlord to count making rent a one less thing to worry about visit www. Z rent dot net now to learn more no more checks or trips to the bank no more rent payments to lead or lost in the mail tenants pay nothing. And for the first six months it's three. For landlords landlords go to www. C red dot net to sign up. Then invite your tenants so they'll never worry about late payments again visit www. C rent dot net to learn more call 7816. Or 18691. Sign up for his seat rent. Today and take tackle Adam right date for everybody. This is very strong and I'm joined today by estate planning attorney Todd lots of law firm Cushing and all its time for your legal exchange quick tip of the day. Were talking today about the different ways you can only real state and Todd I want to ask you this one. What are the implications of transfer your home c.'s take your home yet and you give it to your children. In order to protect it from and are actually at somebody asked this yesterday sixty years old. In the heard about this thing transferring music like this yeah. I kind of make my teeth itch. Really know yet putting your kid's name on anything while you're living it is frightening with or without the light the states a year question was interesting it was. At least using a light the state does provide the parent the right to live there that some protection night. I feel better about that. But I really don't like having the children's name. On any property for the following reasons one when you do that it's a completed two you've lost all control over you don't own it anymore. I worry about it it's going through divorce an ex son in law the ex daughter and when your like. Number three is it viewed only you know I don't you've now subjective and as you just said Barry took their creditors and doesn't necessarily have to be divorced does he could be a lawsuit does this failure and could be any creditor so they don't basically that creditor has the ability to get the ascent to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't don't do that. Our rate I've got some advice for you learn the best way to old and protect your home your vacation home in your rental property. Paul Kirk Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership. Toll free 8668485699. Advance the state planning has many benefits including avoiding probate passing your assets along to your bloodline protection from the nursing home and my favorite possibly eliminating the estate tax type folks this is very Armstrong from the financial exchange each week Todd let's ski a partner with the law firm of Cushing handle and educates our listeners telling them how to protect your assets from the high cost of nursing homes a state planning has many benefits. Including helping you to not impoverish your spouse if you go into a nursing home Cushing and Dolan has put together a brand new guy top ten reasons to do -- state planning call for your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Securities topic is securities America -- member and IS IPC advisory services pocket -- securities America advisors and Gary Armstrong representative Armstrong advisory group -- and -- and the securities America companies are unaffiliated hi this is very strong from -- -- exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections unique I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold -- local institution that I trust I owned gold and I buy my gold points from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points -- bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge bank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down and out. It's only one way to get more of the big business and financial news and unfortunately crystal balls are open it's the financial exchange on the financial exchange radio network. So are you guys beat Jay Leno fans. Not really I do I do a tunnel late night TV to begin well before your time right now. Here's our first for me question of the day what college did Jay Leno gradually from you know the answer to that you can text that's. Our text number 68680. Where did Jay Leno graduate college succeed succeed. Skype this is a technology. That I look at is never really having fully taken with it in and now FaceBook is dumping. It never quite got the prime time and I think there's a couple of reasons for this the first is just for somebody who's unfamiliar with the service it's difficult to understand what it is because you can do both audio calls video calls. There's some premium plans are delighted to international significantly reduced rates. But it try to do too much and it never really got into a niche where it made sense whereas when it was also not. Easiest it's not intuitive now it's not intuitive FaceBook guys rolling out their own video chatting software through their messenger platform okay. And can be pretty easy going to messenger he says wanna video chat with so and so and if there if they except you're gonna video child. And what makes this big and bigger than apple is that he can be used across platforms so right now. I can facetime. On my iPhone with anybody who has an iPhone. But my parents who have android's right I can't face time with them so I wanna call that presents common opponent we talked it. Egg the that they because you know 1% of the Smartphone users have. FaceBook on their actual phone it's going to be high percentage I would guess so somewhere between 95 an underdog yeah that's that's his genius as opposed to just downloading Skype app on your own you're trusting of other people it is easy right so all your friends. Are going to happen if they don't it's not a big deal he can still text it. If you French vote with them their guardian your contact list you have to go make you separate username and add this person and that person. And ruin what FaceBook that the most impressive thing about what Facebook's done in the last ten years. It's not any of the technology necessarily is not any of the platforms it's the fact that they've created this experience where the FaceBook login is the preferred way to communicate whether here. You look at all the other router aren't always a blog and you're always using it in some way and so it's almost impossible to disconnect from you know people I don't get rid of FaceBook I've said it too. Ye ye can't you can't actually do not use too much communication this. So this means none of this is an article or not this means that you did not technically have to have FaceBook open on your phone right to receive call is that a correct when you see Skype that wasn't the case went right to carry on Skype to Skype yeah both people had to literally haven't opened on their phone. To connect the call that that was the dumbest thing. Know this much cleaner yet much cleaner it's cleaner and it's across different platforms. I look at it is being game changer but the stock is defying that does this is the first day it's announced. And the stocks are moving on so it can't be it's not a beer now and it's not a big revenue producer right now it's later on I think what you'll see. The big reason why you always want to have someone in your ecosystem is because the products coming down the line. Are the types of things where it's going to be one click purchasing where it's almost. And think of it this way let's say on video chatting with you and I see a shirt that you're wearing right okay. What you're gonna be able to have there's a point two products in development this is kind of the holy Grail for clothing retailers as I see this January act click on it it scans it and says okay here's what that product actually is and you buy it with one click in your size that's a FaceBook technology Joseph there's there's a bunch of companies trying to do right now and in FaceBook but they've spent a lot of money on in the direct result I see Tom Brady wearing something you'll be right I think click on it they've spent a ton of money and image recognition and that's why it's so that you could eventually just look at a picture click on something. It stands it recognize it from the store and you click and buy whatever your budget. You're gonna be broke if you're if he broke if that comes out. They quick announcement as relates to the Benito exchange we're going on the road next week on Tuesday we're going to be the Dunkin' Donuts center. In Providence, Rhode Island will be doing it remote broadcasts of the financial exchange in here the best news ever. You are invited you come you like just produce the show Susan powers and I will be there. And then we're gonna have lunch together it's a great day and I sure hope you'll join us get there any time between ten and noon if you like. The phone number he'd like to register is 844. 2248687. That next Tuesday may fifth. At the Dunkin' Donuts center the live broadcast of the financial exchange lunch will be served. 844. Two to 48687. As your number to dial reservations are available for at 8442248687. You know I had intuitively. Said. I think these guys I don't know who's last week news the week before that you know the millennial generation your generation you guys are twenty somethings. That you Yuri Euro little bit. Be careful here retarded in terms of slower to develop that we hear version of being careful with. Now a connect all the but this is a generation not you individually. Ticker boat load of crap about my housing comments last week. Arctic misquote a talking about that like the there's a stat that if I I suspected. That your generation is you know living in your parents basement and the fact is that's true track the you're generation has been very slow. To move out of their family home. Absolutely and what you've seen actually the historical average been around 27%. Of Americans aged eighteen to 34 historically lived with their parents about one in four via what we've seen the last couple years that rate is increased during the recession. Up to eight peak back in 2012 about 33% to about one in three right but that's it doesn't increase it's a big jump it is your finally starting to see that number come down a little bit down into via 3131 half percent range you're starting to see it's slide back to sign of economic recovery I think it's it's it's a sign of recovery but also I think when you look at the reasons why a lot of millennial moved in with their parents but did beat student loans they couldn't afford to be out on their own necessarily what could find jobs. And so I think that's been the major reason why you've seen so many folks living with their parents no one wants to live with their parents know no one wants even and your parents. Want you living out they might be nice to you they probably sail it's all right and he can stay as long as you watch. I'm I'm just telling you as the parent I want you all to understand this I what you tell your friends David. Your parents don't want to move now. Now they don't they don't know that they never really understood what the sock on the dormant I don't know why didn't pick up on what you can do over the shoes outside. One of the tea. The V8 V if they love you and and we love it when you come to visit us and we love going out to dinner and put don't stay too long but. Yeah they do it you've got your own house and and that's a good thing but yeah. It's not just if it is not just. You guys are moving out. But there's also statistics related to a baby bust you guys are having any kids and I suspect that this how old do you David. 2929. How old was your and how's your bride you need to February 20 okay. How old was your mom when she had her first well. 22. And yet that day that that it my mom was eighteen you wanna get down that road with me. The and I'll be here you're. We're not letting her fury when they had been I don't know if that's that's that's unusual for your. For your parents' generation because your folks at the same about Sammy design whittled with a new and the nets and useful it's just it's a there's no doubt and what you've seen is that kids such with a millennial generation has been pushing kids out into their thirties as opposed in their twenties. And why is that is that also is is a best. Cost you think in a 100% cost and economy it's I mean it looked kids look in the big ship that you've seen a society the last hundred years can use to be an asset. You think about your your parents when you when your parents were born Gail they were they were helping the family when they were 1213 just you know doing that they were asked. Now you look kids the the average cost of kit as estimated by I think it was it was one of the US government reports last year from zero to eighteen is run 250000. Dollars now in the northeast. It's way more than that to raise a kid for eighteen years you're talking significantly more than that these. This that way into the thinking that you guys have like David is that something that you've ever talked to your wife about you ever say well honey. You know we can only afford to have three kids based Olympic and enemy is against this. That I gotta tell you as a 55 year old my wife and I never had a conversation about the number of children we're gonna have. Related to finance never never I am I think it would be rational to have that conversation we have not Arctic. It's just due to timing and a it if it is different and it's changing. The structure of society because truck there eventually will be more old people. Then young people. Yeah and I think that when you look at the trend though is that that's actually the weight you probably need to go because you look at how expensive it is to have kids and look at Ronald salad because it demographic problems we'll look. The fact that Social Security structures certainly that's not if it's not that's not my reason to go have kids and I can have kids just select and pay your benefits and a because I'm gonna hear them I don't obviously that raises taxes on it not take care of it either way got to pay for so why would I go to trouble more kids. As older people though I want you guys to know we like. The idea of having babies or we read we enjoyed that if your mom giving the speech of these candidates be okay and what nature of your mom is she told you. She expects grandchildren. I told my mom if I'm not there by the time I'm 33 she can start to go at me but otherwise it is kinda tune her out when he starts going down that road tar that's not its studios Jay Leno graduated from Emerson College track who knew the answer to that we could elicit from Braintree and she's taking one of our brand new travel mugs actually makes it pretty slick and pretty slick Ari. Up next we will be joined by Dylan Lewis from the Motley Fool. Get a pencil and paper because he will have him take two stock picks coming up next on the financial exchange. Those dissidents duck duck. Hope your portfolio. It's the financial exchange we've Barry Armstrong on the financial exchange radio network. You've probably heard that if your spouse goes into a nursing home your primary residence is protected but did you know that he's only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will allow you to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to a state and asset protection planning call for your free copy now here's the number 8668485699. This guide will teach you the fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. If you're thinking about retirement in the next few years it's time to make the big decisions do you know how to change your investments from a growth portfolio to one in which generates income if you know when he optimal time to collect your Social Security is did you know that if you -- from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page you re timing guide they can help 8668106422. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. Port. To kill. Securities offered through securities America ink member -- as a PC an advisory services operative securities America advisors think Barry Armstrong representative from an advisory group in the street America companies are unaffiliated represented as of securities America do not offer legal or tax advice always seek the price of a professional familiar with the laws in your state. Are you thinking about transferring your home your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. If you really want already checked here former son or daughter and my justified Acura and home. Not only does transferring put your home at risk it can also create a huge capital gains tax monies ballot. Right now the federal capital gains tax can be as high as 23 point 8% and that in addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together pre new guide to the risks and rewards of real estate ownership. This great god bless you the best read on your real estate call now for your copy at 866848. 5699. That's 8668485699. Investors searching for relatively -- risk investment that can easily be converted into cash often turn to certificates of deposits or CD leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from -- bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 8776917900. Today or visit one of the leader banks conveniently located branches in Arlington Belmont -- or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with your bank a step ahead minimum deposit to open and -- annual percentage -- -- 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member at the secret effective November 4 2014. Follow burial and Twitter. Barry G Armstrong this is the financial exchange radio network. I offended many of you were my use of the word retarded and I've been told that. Using these words are insulting to people with disabilities and for that I apologize. I do want to read what they death definition news of the word retarded less advanced. He and mental physical or social development. Development than is usual for one's age that was the point I was trying to make. Towards your generation David. Not that you were less mentally advance or physically advance but socially. Certainly the one could argue that your generation the millennial generation is less advanced than your parent. Law I appreciate where you're not winning any points to meet the ask your mom if she agrees with me like as I I think you'll find is that. My generation those who would like you'll to have more W your generation also let things like pensions pretty much guaranteed employment for like that accompany those types of things we didn't check. They didn't I I don't have a pension what are you have a pen did you decide to work for yourself. By my generation does that at the pensions went away all I don't know about that there's plenty of people that we see coming in every day that a pensions and plenty of people that I pensions. Anyway Lou we'll save that discussion for another day. You have I'd guess we're gonna talk about the stock we certainly are Dillon Lewis from the Molly who is joining us now and Dylan thank you for coming on with us today. Let her back got crap on our team got there on the ground. But I think of them might not have been too long we've given how much snow we had up here. But I'll let let's take a look at a couple of these companies here the first one is Taser International. And die you look at a company like this and I'm sure that. Most people probably the username Kaczur and that they recognized so obviously you know they're the main manufactured there why do you like this company. There are a lot of people are familiar with their name fake gun. Yet it and done I think long term the real late here is with there act on cameras and at and dot com eight bit. And they look at. The growing call for a police officers. You wearing cameras be helpful more accountable. And they are probably the best player. And that space is that they're looking. Investment. So they have this act online. Like which is. Classes and about a camera as well let go throughout the dollars the body goes for. At a hundred and but I think about that is there a monthly recurring revenue. Or. Each either that the basic but it in dollars you month and Altman it I think the average on that in 26 there amount of that at. And so I you look at the impact it I don't revenue so far they've recognized as one million in revenue. Eight speed it up. I'd like working. And they'd be there and breathable market at over 900 million dollar pre though there. So I say that there's a lot of potential upside there when you look at the sales coming but. This is a company that at the moment right now. They're treating a ballot nine times trailing twelve month revenue so it's it's it's a pretty steep price to pay do you think that that there's going to be enough growth there. To continue to see some movement in the stock in a positive direction. I definitely think. An LA at the concern that the people in the market have expressed. Actually I think it yesterday. On liquid capital announced that they had initiated short position and pay their. That you're you're at the a variety of opinions on the Arctic and how long people think runway is in the wearable art market you know their camera. But I think one of the big things you look at is that really in the news Rialto California case study. Though from 11813. That he Rialto California. Had a trial with optic cameras. Over the course of the year off the complaint by 87%. Good you know it would be you support that bit about it in 9%. So you're seeing that impact in. What's going on. And long term that antley and view about the lower liability Byrd used parity. Generally. Better and then toward the officers. So I think that there's. A tangible and intangible that Pittsburgh. Yes definitely an interesting story to keep up on there and then when we turned to look at another company and this one very different day. Pretty much peer software to services company called zen desk it's about two billion dollars in market cap. For our listeners that are familiar with them what exactly do they do. So what they're caught are based computer Cutler's or apple. I am so you know companies you know and mile track record complaint. You know all on things managed ticket let them there and generally organizing eat Christmas or that it. OK and so a target. And so when you look at a company like this is this a company that is competing there. Is this company competing with a company like salesforce or they kind of an add on to help with organization is well. But they're definitely a leader on standalone and you leave them here at the pool people seem to really like it messed around that a little bit and really look like it. Out they think they're going after Clinton to the market. You know it it seemed like then that is more oriented towards small medium didn't that. And there Clayton strategy couple out there that you know they have a starter plan expect that one dollar per month outlet to Writely which is under and I've created a month. So they can really as nervous pretty much any business with the marriage. And this the company that even I know that there they've done I think about a hundred and when he 530 million dollars in revenue last year but they're still not profitable correct. Right and yet remember I mean it the company went public just over a year ago they're still very much regret. You know you regularly and they've an extra margin they're not profitable moment. But I think that largely the view selling general and it costs marketing are gone so they decide to focus on top line growth cut acquisition. And then I think the planet outlet I want speak for belt and hold on a long term and that focus on income them. Yet and I know you start to see some narrowing there in terms about getting close to break even so maybe the next couple years they'll start to get there but don't I appreciate you. Coming on this thank you for the insight into both these companies. Aren't a problem. That's what that was Dillon Lewis from the Motley Fool those companies if you wanna check at the stickers on your own. First one was teaser which is he a ask are the second one send desk ZENN. If you had to pick one of them track. Well I had to pick one of those guys say look I always like company Hollinger taser I was like companies that are actually profitable to begin with suitcase would probably be my bet and there's a lot of tail wind pushing that company a positive direction. All right. Thanks for tuning into the financial exchange don't forget you can like us on FaceBook we are these financial exchange on pace car. It's back to school time and it's time for you to brush up on your education about estate planning. Did you know that from married couples you may be paying unnecessary estate taxes if you don't have a trusted place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I had plenty of other people in my life that I'd rather give 100000 dollars to. Pushing it Dolan has put together a brand new guide called back to the basics a guide to a state an asset protection planning. Call for your copy now at 8668485699. Don't lose your money to tax to about this program called. See rent not quite sure what it is or how it works maybe you can help explain to us thanks very. He rent is a new product that leader banks offering it's a way for landlords to collect their rent on their investment properties from the tenants on line. And what we love about it is it makes the whole process paperless so once Tenet sign up there rent is automatically deducted. And from the inspect counting deposited into the wayward bank account you have to wait for the check to I don't and they don't you don't have to wait for the check to arrive in the mail and what's attendance sets it up they can set it and forget it I don't have to think about it again for another year so it's a fantastic product and we're actually exclusively available from leader bank exclusively available to it for a keep from the urbane and were waiving the fee filling in the brings their bank account two liter Coke. So there's no cost of the landlord. And folks if you'll see have a three family house in Quincy year at triple Decker in Charleston and and you're saying yourself how to light get out of the hassle of collecting rents and having to process the fees and take it down to the bank and collect belief in have to worry about that. Zero it collects your rent it's that simple. You set it up when the ten that signs up to via tenant in your building and the rent is automatically collected on the same date every month if you wanna learn more about C rent go to the website www. C rent dot net if you wanna have a conversation with somebody about the right call 8776917900. Imagine not having to worry about collecting rent from your tenants to wonderful product for anybody. Who's in the commercial real estate business Z rent dot net 8776917900. Exclusively available from leader bank. 8776917900. If you're thinking about retirement in the next few years it's time and makes them big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when the optimal time to collect your Social Security is did you know that if you walked from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injured children there's so much consider before you stop working and we've put together a 26 page -- reach high aiming guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 86681064. Acute. Ill securities offered through securities America ink member finreg FIPC an advisory services operatives securities America advisors and Barry Armstrong represented at arms and advisory group in the securities America companies are unaffiliated. Had boon here was the word about banks' safety you think your money in the bank is safe. Don't bank on it but generation ago bank account felt secure and they paid interest. This encourage the virtue of thrift savings but today. Bank accounts paid virtually nothing. And shifted from low risk to high risk for example. Did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders who he hit us. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're bank deposits are safe. Yet this vital new white paper now call toll free 8051960. To 71. That's 8051960. To 71. Fight your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new HP mobile is now available for free and iTunes AP mobile where the news gets its news. According to a recent survey conducted by January at the average cost of nursing home care in Massachusetts is a 134000. Dollars per year how quickly would your assets be depleted if he had to write checks to the tune of 111000 dollars every month while it's certainly ideal to develop your asset protection plan in advance like tends to get in the way if you or a loved one are faced with an unexpected nursing home stay. And you haven't done your cleaning. Before you write that check pick up the phone and get some expert advice the lock firma cushy union Dolan has put together a brain you guide for 2015. Called cleaning for procrastinators. You cannot put off this call any longer call right now to get your free guide in learn how to protect your assets 8668485699. Don't impoverished your spouse or use at your kids' inheritance coffee you're free procrastinate is guide right now at 86 picks. 84856998668485699. This is the financial exchange we've Barry Armstrong. You're street stay on top of breaking business news and learn how to manage your money to help you towards a more secure future it's the thought initially exchange we view our host. Barry Armstrong. Well stock market can't make up its mind today the Dow is up twenty points with the S&P 500 is down. Point hi everybody my name is Barry Armstrong and I'm joined by truck is not a and chuck you know like I think the big story you'd be a much bigger story if we do not only for the distractions. Puerto Rico. Is headed for default and the way they have enough cash to pay their bills for about ninety days that's it. Yet it come out they've said look we can probably cover our bills for about the next ninety days and they are pretty much trying to figure out some type of financing deal. To keep the island afloat at that point largely they'll be looking at doubling the sales tax. In order to issue about three billion dollars in new bonds but it's a country. That really has territory territory not territory at this point. That in the last couple years is already undergone a couple different rounds of negotiations and they slash pensions somewhat. But not really far enough and they've also added a billion dollars in new taxes but. What they've got 73 billion dollars in debt out there and this is not an economy that really produce it's on. In the weight material goods today in really economic progress. I wanna see what happens is they tried to goal and reduce public pensions and they fail then they lost in court. And that was last year and that's the big thing that's killing a lot of communities where the you know Rhode Island went through this. A couple years ago with central falls. Alabama's gone through Detroit is gone through it. Puerto Rico might literally hit the wall and not have the money to pay those pension checks that they they they're they're literally broken I don't know who would be binding and. Let's think it's you look at the yields on the right now when you're yielding ten point 3% and keep my and that's tax free so. If you're gonna attack right you're talking about a 15% tax equivalent yield if you're in the highest bracket and they're insured. Some of Lamar most of them. But not all of them so that even with the insurance you wonder. And he showmanship and hope you block the insurance company. Yeah anyway and just imagine what the generating costs are for that effort you know for the company at this point so I think that when you look at this it's it's clearly a situation that. Really get hasn't gotten a ton of publicity and when you look at the size and scale of it now mean this is this a big deal here when he talked with some three billion dollars most places that's nothing to sneeze at I mean we we kinda lose sight in the US because we say odds you know we have trillions of dollars in this and that. 73 billion dollars is a lot of money helping the. What how do what their options I like and I'd I've studied this story for awhile like travels report recalled lot. And I watched this happen over the last twenty years yeah and that's it. You know every time I look at the numbers award people about it I'll say something. And it just nobody pays attention to Vegas because it's so small that it scheme of things well I think what you're gonna have to seize a couple things obviously than a lot of states. It's like it's bigger than a lot of country what's what's the population reporter it's it's probably bigger than most New England states with the exception. Of Massachusetts and kinetic are we talking in terms population size wise population I think the population Puerto Rico is probably bigger than. I'm gonna gas in years to look it up that is bigger than Rhode Island. Vermont's. New Hampshire. And me in terms of population it's. And I'll use of population of op where it was about three point six mil it's much bigger it's okay it's bigger than all for the states combined right now I know you know no. Vermont know and all of Vermont the small but anyway it's not it's not bigot and all of them combined ground on its own has about a million people. May Hampshire. New Hampshire it's known as one point three million main selling point in recent with the three of those purity over three point six these are calls security over itself. It's a look at the bigger than any one of those individual states allowed to leave it look it's bigger than you know in all it's bigger than about twenty states okay all the way up to. Iowa and Connecticut knock it would fall 29 in the country. And you look at it and if you look at in terms of world population but it's bigger than a lot of new small countries that are out there as well so its its sizable by any measure. Except when he located in the context of the entire U last. It's it's it's a territory. As well guys where you had a tremendous amount. Of Social Security fraud I don't know if you recall that that yup there was stories about judges in Puerto Rico being on the take. So anybody if you had to hang nail. You can walk in and get yourself on disability in Puerto Rico and that I don't know if that's affecting them at a state level or territorial. But it certainly affected the Social Security system definitely absolutely so. I guess. All we can tell you about Puerto Rico is. They've got ninety these were the cash their pensions are. Date there's no money in their pensions yet the courts had mandated that they must continue to pay out those promised benefits that are right. Yeah and pretty much what all the trying to figure and as look can we somehow continue to raise taxes yeah obviously pushed business away even further. Can we make further cuts in some of the other budgets they've already made significant cuts in the education budget they're pushing for more there so. It's it's it's not an easy situation I think you're gonna see some type of controlled the fall probably in order to resolve a you have to pretty. The last year they were the top lender for new home purchases in single family multifamily and condos. Lending out over a one point four billion dollars last year so if you are. Thinking about going to an open house this weekend before you do that called leader banking get your pre approval letter. So that way when you put the offer to buy your house. You've got leader bank in your pocket. That's what you want you want leader bank and approval letter from. Leader bank that we Euro bid when you try to buy that house on Sunday will be taken seriously. The phone number for leader bank is 87769179008776917900. Called leader bank. And get ready to buy your first time home get ready to buy that investment property get ready to buy that Condo. Leader bank is there to help pull free 8776917900. All right. Lot of margin data out there I don't know have we ever seen this much margin debt chuck. This is the the highest level actually it's currently right now. The New York Stock Exchange margin debt is at 476. Point four billion dollars at the end of march and that is up from 464. Point nine billion at the end of February. And so what you saw is that even though the market did dip. During the month of march you actually saw margin debt increase during that time that actually indicated that people were borrowing in order to buy stocks on that dipped there. Now this couple different lines thought with regard to let's talk about it because I look at margin debt. And it it if it makes me nervous if it I'm one level it absolutely does because you say okay people are borrowing to buy this the second that you start to see any type of major dip. You start getting margin all right people left big money up from other places and potentially that impacts the whole economy is that starts to happen. And certainly if you were to see you know pt percent dip in the market I think that that could be something that is realistic so. It definitely is a cause for concern now how concerned you need to be. The other line of thinking is okay as he seemed margin debt being racked up there and investors are more comfortable they feel like they're able to take risking their doing this because they feel they are still opportunities out there. In some situations I can buy that. When I look at what you're seeing right now in this market this level of margin that hasn't pushed the market to unsustainable levels necessarily you look at the forward PE ratios of all the major indices. Yeah not out of line on any of them here. You certainly above historical averages but you're not looking at anything like 2000 meter 2001 levels right now so. I think when you look at this cause for concern if I keep in the back in my mind but is it something that's a red flag right now none nada not at this. How much do you pay. For your television service sounds like a silly question yeah yet Comcast yet natural. Metro cast your Time Warner Cable you've got DirecTV dish TV. I can tell you might be pain and a hundred dollars a month 150 dollars a month. When we come back chuck is not a is gonna tell you how you can completely. Eliminate your bills for cable television DirecTV. Dish all its all gonna go away when we return on the financial. Including Barry in the financial exchange on your Facebook. Please food dot com slash the financial exchange this is the financial exchange. Network. You've probably heard that if your spouse goes into a nursing home your primary residence is protected but did you know that it is only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will allow you to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to a state and asset protection planning call for your free copy now here's the number 8668485699. This guide will teach you the fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will be impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income we you'd need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. And I think that. Group and companies. And your attack at any active and investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month. CD with the impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more leader bank a step ahead minimum deposit is open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty early withdrawal including iris penalty which may reduce earnings -- subject to change without notice member at UC rate effective November 4 2000. Fourteen hi I'm Tim London and appear worried about your character Loveland living alone like I was. And you want reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care nursing home even important financial information they had. Obviously research every place not just given me names. They found me a place for which he could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can hit them. So here's struggling to find reliable senior living information call place for mom this is a free service and you can trust them to help you. If you struggling to find reliable senior living information for your mom or dad didn't call or go online to get that we help you need during this turbulent time. Call now 804677538046775. There. We believe this business and financial news in your pocket and act you're free apps download our mobile lab by surging financial exchange show when they're Google play your iTunes store's status he's the financial exchange radio network. Yeah. Test your knowledge of history today. In what year did Jay Leno take over for Johnny Carson you know the answer to that text us 686 Canadians are text number. In what year Jay Leno take over for Johnny Carson. All right you know I teased the segment saying we're gonna help you eliminate. Your cable bill your dish TV bill. Maybe by your television from Verizon. You know and I saw this on FaceBook yesterday one of my friends on FaceBook bought this technology it's called the S ski remote control. Each DTV. Outdoor antenna he bought rapper 33 dollars 32 dollars and 99 cents track. And he was happy because he said he completely eliminated his cable TV bill. Very happy. Death and pretty much this is actually what I'm gonna be doing later this year why so well so I look at it right now and four if you wanna have essentially two TVs that are set up with all the cable channels you want. And in all the sports in this that. When you when he finally run the numbers you're talking anywhere between a 115200. Bucks and while. OK so you're talking in on any track including your Wi-Fi that's including your Wi-Fi. Okay say you're talking an annual basis anywhere between 818100. And Tony 400 dollars real money that's that's a lot of money to sound on TV. Let me ask you how much can you buy it just basic Wi-Fi with pretty good speed that point five megabytes how much do you thirty bucks. Thirty at thirty bucks yup perk if you want like a sad Comcast or which serve that's the roux I believe yet that Comcast OK so. Let's get let's understand what truck is gonna do pay as you can do this as well. He's talking me into it right you dump your DirecTV which is what I half right you go strictly to a really good Internet provider. Right so that's how you're gonna watch your Netflix. Yes it would I'm actually gonna do I'm gonna get a hundred megabit connection. I'm tired which is gonna be it's going to be fifty bucks a month wordy at a hundred megabits. Pretty much taught all your guys are offering and if you just pay them enough pointed Nokia quarterback it's I don't think that I used rcn. Just is that it's it's always been who I've been with so I you don't hundreds yes hundreds fast hundred he'll be a hundred on multiple devices with an eye problem at the same time which which I wanna make sure that I'm not creating a bottleneck on giant so. 10000 megabit connection talking about fifty bucks a month. I'll tell you. Could be watching separate Netflix. Movies on each TV in each room. If you are on a megabit Euro without any slowdown exactly OK so get a hundred packets either to put that in perspective. Normally what you get used when. If you go to Comcast used by their package if you're lucky if he hit 25. And then your Wi-Fi doesn't transmit throughout the house because the the boxing Heatley. Convert rocks. Cable box now that the router router. The router is big enough to cover your whole house yeah. And so pretty much longer to do is I get that set up for about fifty bucks a month OK so he's a super high super fast one inner city get I'm a go at the top of the line and had pretty much as best you can go in most urban areas eight dollar from Netflix it bucks for netbooks not TV for free yet so you with this antennae get all of your broadcast channels ABC velocity you select the pats game right let's just look at all the pats games and everything and a baseball. Benson that message you don't have an option for right now so I'm giving that up outlook I don't watch baseball every night. So given and given of the ruins. Yet you are because they stuck this year give you give up a couple things right now but I also have no doubt that within a year to. I'll be able to get that piecemeal as well so you can't buy it streaming version of this and know that dot com now if there you know it'll be the next couple years that you can't right now aren't so. Let's you're you're you're giving up your nets and would've seen it and so what you do is you also get this TV has its online streaming service pots in TV OK twenty bucks a month. And that includes ESP and his wells on the other cable channels like TBS TNT and everything and our unity with the Centennial committee if you know. So you do need to replace that sleep TV allows you to and then four if you want to on demands a certain sound complicated and tied at Netflix. Yet canceling TV manager of variety in and put it put it sounds complicated when you think of them as separate things but if you think in terms of what you have right now you've got 600 channels that sense pretty complicated but it monies that appeared at fifty bucks a month for the wives. Yeah you've got eight dollars a month for the Netflix here fifty dollars you know much is the thing TV and TV points earlier eighty. Okay by any true cool and in the gates in ninety anyway and in new record let's say we got I'm not going to be home for the pats the rate on record it. And I do you recording through slinky and was so you what would what are we talking about here. It's it's a Sunday night are we talking through over the air no you can't record over the year. That's a problem and I don't know watches sports on on delay who else but they went on the show host Heidi might. I don't know I don't doubt that but other shows that's why you who which has pretty much every show me that it takes care. So you're talking and again you can do this on as many TVs you want to view of three TV news you're talking ninety bucks a month. Compared to if you're looking at three TV packages tailored to under 250 slam dunk now 617 is saying that there are web sites that stream Red Sox in broad delete their. Not legally so even if you go like if you get 617 you're trying to get us to break the lock them on him. But that I'm not trying to get into don't know it's this guy that's threatened. Now if you look at it even something like MLB TV which is Major League baseball's official package okay. If you are in an area that has those games broadcast typically you can't access the so NASA is blacked out on MLB TV you can get it through there actually. So whatever he's doing the news it is it is. Too. Right. Whatever who's getting Red Sox and brewers that you can't stream those online right now. So you're you're really gonna do here a couple of and probably by August or September now. It's but it's still at the overtime I mean and we're gonna find more and more places are gonna do it to track point you're gonna be able appeasement your way to get Bruins to get perhaps I'll individually that. Then there's a lot of they did I don't that I want competition. Number of I'm just saying I guess part of the good part of some of these services is I don't think you locked in with Netflix I believe the month to month service oats all monies don't want him with Hulu so tactically you're like me I don't watch a lot of TV outside of sports and when I do. It's typically one show when I go episode episode episode so I can I can cancel Hulu right and keep watching Netflix remembering back who have they have a better show. It gives them an epic things you can juggle you and its. And how everybody over the age fifty just became really confused that we just we don't get. The way of the world and is now. Nines and eights I should just get slingbox and watch your parent like for parents to get to my kids to. I doubt they'll have that they've won TV they take that don't use that TV and we need they'll use that TV. Well that's our slingbox TV Mike Whitney as your slingbox what entitled brat to steal other parents cable packages. So there you wanna talk about the opposite of that guess who's paying for his dad's Netflix. This guy right here true yeah this my dad he's my Netflix account he does now that I'll pay it back for all the money it all the putting me through college and everything look up that debt paid off in twenty years maybe a fifteen year a hundred or 200. You know what it's worth it just to have somebody teach us how to use this technology. Indictment teach you use it it is no I've I've tried I don't do teaching technology nightmare apparent else no I'm good luck. More fights started trying to teach my parents technology than anything else I've ever done. They don't forget you have time to join us on May fifth at New York cordially invited that's a week from today Tuesday may fifth. We are going to be at the Dunkin' Donuts center in Providence, Rhode Island we're doing a live broadcast of the financial exchange. We're gonna get there around 10 AM in your welcome to join us at 10 AM as well when they show concludes. We're gonna have lunch together we're gonna have a lot of fun. Lunch will be served it's free it's at the Dunkin' Donuts center on Tuesday may fifth. Be a lot of fun and I hope you'll join me it's phone number to make a reservation is 8442248687. That's 8442248687. Last month we are in Worcester this month were in Providence, Rhode Island you are invited pull free the phone number is to join us and make a reservation 844. 2248687. He has ever had Lyme Disease no no I am it's tax. Don't get Lyme Disease and this year is a bad year. Protects this is going to be a really bad do you see you all over the place now would you get bit. I deer tick you know what the idiot you know ought to talk about it a little little little guy really little yeah rightly near their tiny the big ones that you pull off your dog. It goes I don't think errors damaging but the if you're out walking and hiking. Be careful. Because detects that there are gonna have an abundant year yet this this spring it's going to be bad one for taxis and if you get it. Holy smokes get rid of Lyme Disease can take a long time he can be debilitating. Only if you. Oh yeah I doubt if it's it's it's it's not easy I know a couple folks an event it actually had it. And you have some that you know they still claim that they have lingering Ollie campaigns and stuff going on you know years after their initially bits so it's it definitely is something that he do need to be very wary. I have a family member who had it in the symptoms were very much stroke like it was is that right yeah the it was really dad who's an older Fella and he got it in black ties as a paean to stroke and it turned out to be Lyme Disease. I when we come back we're going to be talking about Apple Stock actually sought a little while ago it was down we'll find out why. It's Barry Armstrong in the financial exchange on the financial exchange radio network. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with a impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and earn annual percentage yield as 1000 dollars Massachusetts residents only penalty early withdrawal including iris penalty which may reduce earnings rate subject to change without notice member efficacy rate effective November 4 2014 Perry are strong here and I'm joined today by a state planning attorney Todd what's from the law firm of Cushing handle and with your financial exchange quick tip of the day. We're talking about the top ten reasons to have an estate plan. Thought let's talk about number four if you have a child that's not really responsible with money. Is there a way to protect them from themselves when the paired up talking about the spendthrift child you know the. When it in the in my own children yeah that's their money in their pocket they burn through it yeah no I agree. You wanna protect them from their future creditors whatever they may be. Going forward I mean and give them an allowance as opposed to lump sum yeah you know figure out how the money can be accused Christmas parade out minimal overtime and endured in a way that. And trust can do that so that they're protecting them ethnic themselves from their own creditors. If you just at today with the estate tax exemption as high as it is we tend to be leaving more and more Athens to our to our family. Because less is going to the government well. We wanna make sure we leave it to them in a way that won't perk. Keep them productive members of society so way and and quite frankly. The biggest concern I have sometimes it is future divorces. I mean if you dump. You know half a million dollars in July your child's hands and they get a divorce five years after you're dead. They're gonna lose half that money on a good day. Put it trust the trust does a lot more than just probate and avoid taxes these days it can really protect your assets for your children's from your children's creditors. That's reason number four for you to have an estate plan call now and receive this brand new guy from Cushing handle the top ten reasons to create an estate plan. 8668485699. That number again is 866. 848. 5699. Call now 866848. 5699. Escape in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk to you about the law firm Cushing handle it in creating a state planes are folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion when it comes down to a state planning the Unita rebel Coble trust do you need an irrevocable trust and what's the difference you need some expert advice and they put it together free guide that will help you decide the best plan we view this pre guide the differences between rebel global in irrevocable trusts is yours for the asking call 8668. Or 85699. They can even show you how it's possible to eliminate your state taxes I love that part call Cushing handle right now to get this free guide 8668485699866. Horry 569. Hi this is Barry Armstrong from me to exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the -- frankly that I hear on the radio I like to buy gold from local institution that I trust I owned gold and I buy my gold points from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank branches in East Arlington Arlington center Arlington Heights Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin program. 8776917900. Or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down and out. We'll look cunning and show business and financial. It's the financial exchange with Barry Armstrong on the financial exchange radio network. It's. Right guy yeah couple major issue before we go to our apple interview. The Pentagon is denying that the US cargo ship. With 34 sailors aboard was taken over by the Iranians I just wanna push that out there. And we're getting a lot of additional questions. Regarding that technology segment we did so we're gonna come back to that yet and we'll give you. Additional information and David will vote posted on our FaceBook page we are the financial exchange on FaceBook. Chuck you were pleasantly. Surprised by the apple earnings. That were announced yesterday I told you that it did not meet. The whisper numbers that I had heard. We are joined by Chris shot Tia from the street. You wanna talk to about apple. Yeah and went and Chris thanks for coming on they would what's your take on the numbers that came out yesterday after the bell. Solid numbers mean they beat Wall Street expectations on both. The top and bottom line not the iPhone continue to be that juggernaut. And they sold over sixty million iphones in the corner. It's kind of let the issue go it there's no you know wow. Exclamation moment and there are mean it would it was a nice speed. But waltrip kind of looking forward you know six month by month. Wonder whether apple can continue. It during the quarters together and you know my expectations are that they will be but right now Washington is the a little hampered. Yeah I think one of the things that I was in particular looking at is that Chinese revenue was up 71%. Year over year. Up even 4% from the previous quarter which was a huge quarter for them in China so there clearly making inroads there. And starting to get significant revenue there but beyond that. You also see that. Tim Cook came out and said that only 20% of the installed user base is made the switch over to the six or six plus to this point to there's still a huge latent potential for upgrades there. What do you make out of both of those factors both China as well as the potential for upgrades. From a lot of their users. On China apple and aided by the fact that they had the Chinese New Year in this quarter. That's basically like our Christmas where everybody goes gangbusters. In China and spend like crazy so that was. Part of the reason why they're actually able to have to have better numbers than they were in the fiscal first quarter. And I think you know as. B stick and export continues to roll out to new. Cities apple said that they'll have been about forty stores. By the middle points sixteen in China. You know Lou will have it they did delivery were treated delivery. I think in the around 350 or 360 cities in China within the next year to. You know there are one point four billion people that country and they're all converging towards becoming apple fan boys. Does the runway for apple and China is you know almost bigger than anyone. Even including myself and a lot of people launcher were expecting and that relate to it in the iPhone next. I'm one of those 80% of people who have not upgraded to the thickest thick plot. Yeah I'm waiting to give a big deal. With either of the sixth after seven or whatever they call the next phone that comes down the temblor but there still is an enormous number of people I know. And speaking to both friends and family and you know people who have iphones already. That they have not upgraded to the second pick but so there's a huge low way for apple to continue to expanding here. And Chris beyond that when you look at the stop stuck just on a pure valuation standpoint. If you struck out the net cash this the company and its only trading about ten times trailing free cash flow it's it's not really expensive by any metrics when you look at is just it's such a big ship. Maybe it's tough to justify higher multiples correct. It has that this is an enormous column the knee in a market cap is that you know little over 700 billion dollars. But there are plenty of people who still believe that apple incredibly undervalued and backed Carl Icahn just tweeted. Apple still undervalued and that is gonna put out a letter that in the next couple weeks. That's double with 22 billion dollars an effort under management thinks that the world's largest company is undervalued despite having. Rosen and value by 50% over the past year you know maybe it's it's you know worth listening to him and. Is he gonna buy any more shares though Chris that's the real telltale. Carl Icahn flaps his gums a lot to try to pump up the stock price. While I don't know if he's gonna buy more shares. Oh well I unfortunately I don't have Carla sitting right here to ask them but you know did a really good chance that we he called. In the letter in two week command they did it to his. And Nokia. When you look at this company obviously couple years ago the biggest competitor and really still the biggest competitor for the in the Smartphone. Segment. Is Samsung right now and and Samsung obviously had a big misstep with the previous generation of the galaxy the five day they seem to have put a stronger product on the table now. What is the expectation the next couple years are there any new competitors that we should be looking at in terms of potentially taking that torch from Samsung and being a real threat to apple. Either in the Smartphone area or start Anglican tablets watches places like that. I think the biggest competitor that apple need to be concerned about. Is show me which is. It because Italy right now in China and starting to move to India if the Chinese Smartphone brand Chinese consumers love it they they held up thirteen million. Bones last quarter. Which obviously pale in comparison to what apple does but Chinese consumers tend to gravitate toward. A homemade products in the Chinese Government and the Faber company training companies vs western companies like one company to really watch it. You know over the next couple years especially as apple continues to really rely on China. When you look at some of the other metrics that apple is starting to getting into and in particular its size relative to lot its peers you talk about it's twice as big as the next two biggest companies in the US and 500 now. Over 4% of the market cap in those are historically. Numbers it's hard to be a little bit concerning it is that anything to watch out for in terms of maybe they're just too big at this point. It I've talked of the coveted talk analysts I don't see that being a problem at least for the foreseeable future. You know they're they're incredibly focused they only have. You know four or five different product line they don't they kill more ideas and they come out west so I don't think that. By getting you know this big. You know 700 billion dollar plus market cap company that it could leading to really worry about you know obviously Walter does worry about the law large numbers. But can cook a kind of proven that for a at least for right now the long large numbers doesn't apply apple. All right we'll Chris I appreciate all the incident. Definitely get a grip a good quarter for apple and will suit certainly have to keep an eye on things as they continues if they're able to continue put these together for the rest of the year. Thanks so much got absolutely that's a big test I think the you know whether or not. People worldwide track are willing to pay you 6700 dollar premium for apple technology and whether the technology is that much better. Then and who lie here all these other phones that are coming up did you buy a pretty darn good phone for a hundred bucks. But it doesn't do. What the iPhone doesn't terms of the overall ecosystem if you're tiger if you're in that ecosystem it's worth it just because it saves the hassle and the you have to look. You know look at the average income in China and India. Vs United States although it's again it's no different from the US where it's subsidized by the care. You know you're down you know whenever walks into a store in the eighties sticker price for an iPhone it's always subsidized by the carrier. End up paying 23400. But no one ever walks in and pays 800. And if they break that thing and then you have to than me and then you have to but it still then you're building up your monthly cost nearly recurrent cost so even with that huge growth that they sell off from China and the other internationals via the big thing that you saw was the average cost per phone. 659. Dollars per phone which is five dollars above what most analysts were projecting so they were selling more expensive bones. That analysts were projecting and that's that's huge if they're getting people to buy up. That that's all they need. For those of you who are interested in dropping your cable and going to this antenna on and posted on our FaceBook page we are the financial exchange on FaceBook. It is the it's called the S ski ES KY remote control HDTV. Outdoor antenna I will post it on our FaceBook page to take a look at it. When we come back we're going to be talking about jobs that pay pretty darn well the average income. In the United States is 47000. Dollars these are all jobs that pay a lot more than 47000 dollars a year. Get the market updates I am. And here on the financial exchange enough financial exchange radio network. When the time comes to retire don't just roll over your employer plane into an IRA whether you've been saving in a -- -- for a three beat profit sharing plan or money purchase plan you generally have several options each of which has its own advantages and disadvantages if you're entitled to a pension your employer will provide you with various choices for how you would like to receive your balance did you know that if you have company stock in your retirement plan -- may be substantial tax savings opportunities we use to keep the employer stock rather than just cashing out and rolling over the proceeds to a diary we are making available free guide that will help you learn about distribution options from your employer retirement plan assets 8669579902. That's 8669579902. Security topic -- pretty American member and SIPC advisory services up with the securities America -- Gary Armstrong -- and it arms and advisory group in the securities America companies are not affiliated please consult with -- while -- tax expert for any activity concerns. You've probably heard that if your spouse goes into a nursing home your primary residence is protected but did you know that it is only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will lie to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to a state and asset protection planning call for your free copy now here's the number 8668485699. This guide will teach you -- fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. Escape in asset protection plan can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk to you about the law firm Cushing handle it in creating state planes for folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion. When it comes down to a state plan do you need to revoke mobile trucks do you need an irrevocable trust and what's the difference you needs an expert advice and they put it together three guy that will help you decide the best plan we view this free guide the differences between rebel Coble and durable global trust is yours for the asking call 866. Or 85699. They can even show you how it's possible to eliminate your state taxes I love that part call Cushing handle right now to get this free guide 8668485699866. Eight or 8569. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposit or CD leader bank is currently offering an eighteen month CD with a impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage yield as 1000 dollars Massachusetts residents only penalty early withdrawal including iris penalty which may reduce earnings rates subject to change without notice member at UC rate effective November 4 2014. Struggle for everything business and finance pizza financial exchange with the area. On the financial exchange radio network. Our friends on. Eight listening to them next week they remind him. At those antennas only have about 75 mile radius that they don't work on Cape Cod. Why in the cape no that wouldn't work for you down there. Hey let's talk about for jobs. That pay pretty darn well. And there are surprising occupations one EU we would never think about how many golf balls you guys lose. In a row I've played on Sunday I lost Nolan really the first time ever first time ever nine holes right yet usually go through three to six every nine or means vows mini golf right you know I put in a little niceties Rodrigo Davies played eighteen hole round how many balls to. On average we'd lose 300 million golf balls each year and there's a cottage industry. In being a golf ball diver if you are seeing these guys. Oh yeah it's that there was a show about him actually it's it's kind of filthy what they're actually doing some cases because you're going anybody's go to these Muddy Waters just off the green and everything you don't know what's on the you're reaching your hands around it you know dangerous you know as a snake snake Alley owners dads it's crock it's it's not for me and what they say that you can earn fifty to a 100000 dollars a year so. More power to you but I earned an that's not for me that is not for me at all back to the pesticides that are in that water to. But yeah I think come out there you got a second had you gotten you know your hands missing years ago is it worth I don't know. I here's another question for how much do you guys they can UPS driver makes. But before benefits everything including just the salary not included about 60077000. All right here is the average salary. A UPS. Delivery man now I will tell you. You see these guys though they get beat off they get beat up but there in and out here in Natal it they're not the guys that sit around and talked to the pretty girls right there hostile. Ruling UC UPS guy command he he walks down all he drops his bag sign there's no. Now it's in and out dominant in its. It's a very every second counts in that business that you've got a computerized. Route that they take it takes Traficant duke at their movement. That they're moving quickly it's a lot of hard work now. At me with a population of our country 300 there's point now so on average were eating. About two or three hot dogs per year are doing more than doing mark. If not. There they're delicious though it's lucky I'll I'll go to visit to my grave and I will go to my grave meeting hot dogs. A vendor in New York City. Selling hot dogs makes a hundred grand a year you know they got if first of all you go to New York City. Dirt there's nothing better than a dirty water. If you're an idiot don't know notes is so good it's on believe I mean look it's it's at least help that you could do you don't know what's in there you don't know what's going on but it's just delicious but. Under those you know you do have to pay in some cases 200000 dollars in fees to get prime realist in Central Park. So you got some capital that he got to put up up front but if you do. You know take care that he could potentially do very well books on hot dogs outside the park that's not that. They did how long do you think chocolate last air traffic control. I mean you'd be shortened career are I don't think so he could handle the stress I told he couldn't give up these. Now the distressed wood killed none on 08 he would either. Unity unity to die on the job or he it and appealing to bury you left in in this you probably don't even it was a real thing but there's actually what are called virtual airlines pocket pretty much penalties flight simulators and everything. That's. You need to go to this area. Actually acted as an air traffic controller in some of these situations is a video game with cancer you have full routes everything you bring him and you landings I've I've done that I I love airplanes. They thought they call me Dow actually pretty big big. An air traffic controller makes 1181780. Dollars did you know. That's a that's good they make good money but you're forced out at age 56 and how easily I want you why it's like did they assume that you're not. A cute enough at 856 to handle an and I would imagine the job wears you down and only do Anke 56. And at that point yeah go find some you know you can consult you can duties after the FAA I am sure you can find places these skills. But again if you've been making a hundred point out here hopefully saved some money maybe you're tired 56. I just seems young that I I've tried to understand the logic to me as soon. That somebody at age 56. Either can't handle the stress. Or is it your mind starts to fail and I think it's probably the mind you do it just because you have to be able to make quick decisions that need to be it again. You need to be error for you know you can't make any mistakes you can't make mistakes you error free in your simulations you know 100% obviously I'm look job training this is what I'm gonna do eventually told Mary about this. It's meant right don't forget did that we are coming to the Dunkin' Donuts center in Providence, Rhode Island next Tuesday. We're gonna get there around 10 AM you can come and watch as do the show. And then we'd like to have lunch with you. It's a free event at the Dunkin' Donuts center sponsored by news talk 920 WH JJ. If he'd like to join us the phone number is 8442248687. That's toll free 844. 2248687. Will be at the dunk next week on Tuesday. From ten deprive the out of there by 1130 I would think 844. 2248687. Is your phone number to call to make a reservation at the dunk. Both jingles finally I have a co host who knows a little bit about bode jangled the best chicken place. Auto angles it's goes against every time I go down to visit my parents North Carolina you have to stop both angles at least once again usually twice now. What do you like I did detect and not Russia just did the chickens great breakfast actually prefer chick Foley's breakfasts to both angles chick filet. You know again great great chain obviously they're not go and it's still really greasy both angles it's not as greasy as it's me it's still as you look at still -- there's no I think that yet despite gets by CIA you know you get you can get everything that you want in there but there are going to be selling about seven point two million shares are going to be IPO and yeah. I expected to price between fifteen and seventeen a share. And could bring in about a 115 million of the company that largely is gonna be used to pay off early investors in the conflict a tea I AM. And I have no idea whether this is a good investment or not but sometimes you biased stock based on your consumption of the product. Right is that I think that was shake shack yeah. Yeah and in you made money Adaptec Gary Knight sold out too early but at. Did you yeah is that how it is that it's over seventy dollars a share now it looks crazy expense it it is if you look at it it's rising but I don't know why at this point but yet this is one that look if you like the taste I mean that's part of the reason you know you say okay does that make sense well might be a little pricey but. You know that the stores are always fall they're doing well you know they haven't really expanded too much of north you don't seem around here. Hey good news for those of you who holds shares of UPS. They're first quarter profit was up 14%. I'm looking at shares of UPS today kept. They're up three and a half percent now you might say to yourself well that's nothing compared apple or Amazon UPS is not backed kinda company now. They don't they're not at a volatile growth play for them to be up 3.4 percent to one day's big move. Don't mean this is a company that over the last five years if you go back to. April of 2010 stock was trading about sixty bucks a share. It's made a slow and steady move up and is trading at a little over a hundred now so. You know if you had held the stock for five years he came pretty close to your European somewhere around 6065%. And it's it's a stable company. You know again they have the logistics area pretty much know figured out along with FedEx their you two biggest players out there they are the dominant player yeah. And really it's a company that is. Oh get them almost as a Bellwether for the US economy just as you're able to based on would dare tell us tonight they give you a lot of information about shipments and about the I would look at their revenue. The guy who morally I think they're revenue numbers are more important. Then there earnings per share yes if they're revenues are growing that means that commerce is exactly exactly. And Banco Santander for those of you who don't remember that's the old sovereign bank there are off about two point 8% in pretty good players. Hey Al we did post that antenna story. On our FaceBook page we are the financial exchange on FaceBook if you wanna take a look at it. The phone number president Doug event next week is 84422486. Weeks. Are you ready to retire the question is actually more complicated than it appears because it demands consideration on two levels.