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Full Show 1-9-18

Jan 9, 2018|

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

This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Several big stories to cover today including high phone addictions and how they're affecting our children. But to start off we're gonna start with a story today regarding consumer debt and boy oh boy you know things are good. I acknowledge you know wages are on the uptick. The bonuses are being paid out to workers. Unemployment is at what seventeen year low. And yet we are ringing up more debt at record levels of credit card debt and student loan debt. And chuck and I are going to address hi everybody it's buried chat with you here on me. It's Tuesday. And sort of a go unchecked you alluded to this yesterday. About consumer debt being on the rise the statistics are somewhat startling. Yea it is we've seen a massive rise in the amount of consumer debt that is out there. In fact consumer credit jumping by eight point 8% in November and there is now three point 83 trillion dollars. In outstanding consumer debt and put that in perspective. That does not include. The amount that is in mortgages and home equity loans of this sort. Consumer debt for the benefit of our audience and let's talk about this three point eight trillion as it relates to previous records made that yell what what it is. Were talking about auto loans. Credit cards student loans any type of really. Any type of debt that is not secured two real estate or business is pretty much what we're talking about Yucca. And so you know that number obviously continues to grow credit card debt jumping eleven point two billion in the month as well one point 02 trillion dollars. And you also had. Student and auto loans increasing sixteen point eight billion up to two point eight trillion dollars so you know you look at this and in the short term. Certain levels of debt can be good because he's okay I'm borrowing and that that moves forward buying power from the future into today right. But at a certain point you get to it being unsustainable. And people can't afford to make those payments and then they can't afford to borrow more and then the whole thing. Kind starts to sag under its weight and maybe get out of it or may be go through collapse like you did back in await. Let's go through to victory. The Big Three would be student loans. Credit cards. In Carl turn yet that those of the Big Three types of debt that we have out here and so carload at least is secured. By an asset that gets you to and from work it helps to be productive member of society so you look at the car loan numbers and you look at that and say okay. You know it's very few people can afford to go out and pay cash for their car. Right mediate any bets that fairly small segment most new cars and I would. Wager that most used cars and more used car transactions per year than there are new card transactions I think there's. What made 3040 million used card transactions every year usually at 1617. Million new car transactions teacher. You know what what's interesting there was an article I think was from. There may or June of last year and there are somewhere north of a 107 million outstanding car loans yeah. So it's it'll it's it's a big number it's not something where you've got you know twenty million people you've got just about everyone who owns a car. Has some kind of car payment there. Okay it and I'm OK with that because they say to myself like I have the car and and and it gets me to work I need deck car. In order to get to work when you bought your Subaru you finance that super saved yourself hey I'm gonna. You know on and pay that off over time. So car loans they don't make these nerves would really. Longer term ones make me nervous the ones that are like 89 years that that's where it starts say is this is good because most people don't keep their cars that long and then they rolled dead over to another depreciating asset. Well take away a Carlo. He's a great debt to pay down prematurely you can't. If you don't if like let's say you Wear one of those lucky employees got a bonus from Webster bank jetBlue AT&T. Yup it boldest bet your paycheck at 700 bucks right. Eight at 700 dollars and either pay off your credit card paid off your car loan or pay off your student mauled. That that would be my advice because you know these good times that we're in right now with low unemployment it'll last forever. You know these these you you could have a Black Swan event to a moral. That sets us back and causes you know unemployment. And job. And apps that there's there's no doubt about it and you know I certainly tend to agree that you know if if you or one of those people getting those bonuses. Used to pay down debt. You know if you use it to pay down dead don't go into say okay we're gonna spend all this money if you wanna spend some great putt. This is the time to be paying down that whenever one else is taking out debt. That's when you shouldn't be. That's. That's a great point. Because the good times are here today they don't last forever and even if they do last forever even if unemployment never goes back up to 5% and even if we never return to a recession even if the stock market never goes down again it only goes up. You know what there's nothing wrong with paying off your debt now and be debt free it's a good thing it's a great fueling talk to anybody who will lose their home outrage. And if if if you've got a Carl and its outstanding at 5678%. And you pay that off. It's like you are earning that in guaranteed return there is no where you can go in the stock market to say I can get a guaranteed 8% rate of return. But if you pay off an 8% loan that's effectively what you're doing. Well how about an 18% credit card right you know there are millions. You know how much money did you say was outstanding credit card debt trillion dollar one point 02 trillion dollars and some of that debt chuck is being carried at rates of 151820%. Deaf and and look there is no better investment that you can make than paying that debt off people say oh I need to go and I down interest in big point in that in the stock market. Pay none of those things can guarantee you a rate of 18% but if you have credit card debt at 18% in you paid off. You were guaranteeing yourself and 50% rate of return on that investment. With that leads to our poll question today which is are you carrying a balance on your credit card now given. The nature of our audience I doubt very many view war's effects on the wagered it. The people the percentage of our listeners can carry your credit card bound to be less than 20%. That that's my prediction. But we'd like to ask you that people questioning go to our website its financial exchange showed dot com in order to participate in the pool or you can carrying. A credit card balance a tie. The of the three forms of debt that we discussed student loans car loans. And credit card debt the one that makes me the most uneasy track is that credit card number that scares the heck. Because the other two you can at least say OK they're both in theory. Giving you some kind of a leg up in the future on your earning potential. Oh absolutely ticket you can hit it many workers there are many people that are stuck on the highway right now. Their goal to work in their car ran a need their vehicle to get to work baby deer vehicle is their job maybe it may be that Karl they have as is with how they make a living. So yeah vehicle loans. I can get over that student loans I think they're terrific investment as long as you study something. That's gonna help you make a living yep what you read dreams and I'm OK with student. Credit card debt I know how it happens I look right. You know anybody who's raised a family. Knows that you know it's the fifteenth of the month yet nobody saved and all the sudden. They think about how many boilers have been breaking down over the last month though I try not to. Heating problems solves problems in general right ready get old but you ice dams and things like that I mean it's there's always something. It car repairs that's a credit card debt often happens right you lose your job and he need to still feed your family. You bring it up on the credit card Jesse bought I understand all that. That's the one that makes me the most nervous or lack of security. Behind credit card and you don't. Had chances are if you lose your job. You know your your pin high rate. Of interest on credit card debt as well you might be pain and I beat with some top rate knowing 1820% public in in that ballpark yeah. It's terrible start so. At any rate that makes me nervous and please participate in our poll which is are you carrying any debt under credit card. You know I just about to hit the roof and saw this next story homeowners are sitting on trillions in cash. Diana Bullock who's a frequent guest on our show wrote this yesterday. Approximately 80% of homeowners now half tap global equity cash which could fuel the economy. Now statistically. She's right but boy I wish you wouldn't do this rate this kind of particle because it might inspire people. To go out and refinance their house or use a home equity line of credit. Tit fer purposes that may not be so great. Won't get in I don't know about you but I feel that the big cash out refinance craze of the late ninety's into the early two thousands is is one of the things that fueled. The the mortgage crisis. Heading into 2008 and so. You know again there there are things that you can use your home equity line on that makes cents. But there are also things that you have no business using a home equity line for buying a new car going on vacation things like that. And we saw an awful lot of that in the runup. 22008. And it was just irresponsible borrowing. And from my perspective I like to see a little bit of extra equity sitting in people's homes I say good maybe are you learned our lesson a little bit. Do you think home equity like him given the changes and attacks like you can no longer deduct the interest on home equity line of credit yup. What does that do. To. Banks and and went and and and do you think people still access home equity lines of credit even though they're not tax deductible anymore. I've already talked to. Four different people. Who have paid off equity lines of they previously had bailed out for for projects and things like that. I think this is going to drastically dampened. The use of home equity lines I think you would have a bigger effect than people realize. And you could still refinance. Rea Blakey let's say you had a 75000 dollar outstanding debt on your equity line up and yet it 200000 dollar mortgage. And lots of equity senior counselor seven or 800000 dollars you could wrap those up and make it tax deductible for for. You could most people just don't like to have that burden hanging out for that long then. Rate judges just is the home equity line it was sold is it's so tiny and simple because the tea can take it out and paid off a short period of time and it it would you know tax deductible and the loss of that tax deductibility. I think is absolutely going to haven't affected still. But cheap way to borrow in the broad scheme of things for most folks but it's not as affordable as it used to be now. David Benoit from the Wall Street Journal wrote an article that caught my attention it's iphones and children. Ari toxic pair this according to two large investors in apple. Chuck and David are gonna talk about why Smartphones in general. Are bad for children what are the health effects of Smartphones. On children that's next from the financial exchange radio network. Markets are. But questions remain about whether or correction is coming. We've got you covered every day with what size and what's not from Michael Armstrong morning's in 1030 only on the financial exchange radio network. As we age long term care is something to make sure you plan for how quickly we your assets be depleted if you had to write checks to the tune of 141000 dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and dole and has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month told claiming for procrastinators. It'll are for you strategies they can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed John John. The calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and -- a brand new guide that will help you look back on the successes we've experienced and the failure that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Our our strong here and I'm joined by estate planning attorney Todd what's key from law from Cushing and old were talking about. Last minute planning techniques can help save your assets and you know in the past Todd we've talked about married couples. What does somebody do that single or widowed or divorced. And they have assets and they may have children amen I have nieces and nephews and hip favorite charities that it would they wanna leave their money shouldn't. But the get sick of their nursing home in the bills are company. And you know this is why we stress so much to folks to families that that when they're in this situation. Don't just write the check. And think there's nothing can be done I know you think in the five year rule that you don't have to do. Seek out you know an elder law attorney and and find out what can be done in this case. I would probably say. House non accountable. If I checked boxes you intend to return home a little lean on it but it's not accountable so that's good but it's the money that I wore them so they've got money that what you need to do which you either can do and other annuity. An annuity is a technique that allowed you to pine annuity and have money pay out as an income stream. Choose the institution and lose tool yet you lose the income stream while you're in the nurse yes that income does go to the nursing home. But there on Medicaid instead of on private pay what you can look at these pooled trust that you might be really old and if you're like in your late 80s90s annuities aren't gonna work right so that you need to go to this pooled trust idea. Put money in the air. And still get on Medicaid as well but they'll have a payback provision but at least two beyond that even single people can protect their assets last minute how do you do so well he call Cushing in dole and an 8668485699. And you request their guide last minute planning techniques that can help seed your assets if you want to guide right now simply go to legal exchange showed dot com and it's legal exchange showed dot com or call the total free at 8668485699. Security suffered through securities America each member finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange for Berrian chuck is alive on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network. The financial exchanges live across New England every day but if you can't hear us live from ten to noon. Download the I heart radio app on your phone or tablet and follow us when you're able. Just search for the financial exchange sneaking individual segments or full shows when ever you want them. Joining us now from the Wall Street Journal is David Benoit here to talk about iPhone addiction and David thank you for coming on with us. David what was this I'll letter that was sent a couple days ago from a couple Big Apple investors. Cherish so it is the hedge fund Jana partners the New York activist hedge fund and then the kind. Teachers' pension plan to pollsters are up against your parents. Sent a letter over the weekend apple and they say that and we don't two billion dollars there's Stockton and we think you have a business risk here of but backlash against. He's in and actually get addicted iPhone. Is it's a problem with the mental health problems of them cut and LT. Issues and we think apple you need to happened here and help parents. Did any numbers on how bad it. I've Boehner Smartphone addiction is. Com so there are some studies that show like the majority parent these days. Have concerns about their kid community it is. Phones there are studies that show cheaters are running into problems. The numbers in terms of what the impact is there a little bit murky but. There's definitely a growing concern that that is for sure. Why is this an apple or Samsung problem and not a teacher or parent problem. Sure her so. I think the media investors with today of course the parent problem it's it's it's a little bit on everyone what they're saying here is intent. That apple bears the blame for this their saint apple has a chance suspected. Men can make what they think of the businesses and so if it's. If apple as the gateway to the social media that they spoke to capture that bit and it kind of grabs between detention by the time. There are ways that they can help put parental controls. They could step up pin and today you know when you when you start its own. You get to choose what language you speak it in your time zone. You could also say well this is like a twelve year old home. And help us that you don't only shot at times and the Internet only works on this time men and these apps are only available for the. What kind of research has been done into the negative effects on young kids who use Smartphones for excessive periods of time its eyes some of the stuff. Pretty scary actually. Sure for sure so so apt genital ulcers are partnered with them a couple professors one on at Harvard. Proposed by the media attrition doctor Michael Rich common and out of one at a San Diego. 1820 who just wrote just published a book it's getting a lot of attention. Short handed to BI agent like I generation. Where she goes to a lot of the details of what she thinks. Are the problems as I mentioned earlier that the statistic or little unclear of causation. There there despite these days recently in net teenage depression rates teenage whose salary. People are trying correlation to the phone. That is it necessary occurred. How. How how likely is it that apple responds to this in some way shape or form how how active are they responding to investor. Either criticism Georgia's recommendations. Sure so remarkably bitter are pretty willing to kind of come back and talking apple didn't last night had a statement. And what they said was listen of course we are always looking out for kids. We we think about this this isn't something we're not just to. Creating a prop product and Dana that we do you think about our impact of a world. Pay they defended that current parental controls it today that current devices have a lot of control. But they also said we're currently looking to make. Our spirit is better and we have new features and enhancements planned to. Good we'll David thank you very much of the time we appreciate you joining us. David Benoit from the Wall Street Journal talking about iPhone addiction. In the steps. Apple was trying to take investors are trying to take to deal with that I I I look I remember when I was a kid. We had you know couple computers in our house and I had set times that I could use them and set times that I couldn't and that was kind of how it worked out I guess I I understand that. Apple and Samsung might have somewhat of responsibility but. Man how many parents DC that are out at a restaurant with their kids and just give the kids a timeout just shot Muppets like I feel like it's a cop out when you see that you know I it's it's in it parents Billy go what had a tough day any time to myself it's like you got to stimulate growth whopping deal would that's a human your reason like you're raising a human you don't just given the screen and say deal with it like. You've got a kid like that's what it what do people do a hundred years ago they didn't just hand them you know like. Let's see you guys are which you have to use it here Chris I and I guarantee I didn't have a talent there might never gave me about it is it just lets see you know I'll be on a stick around just for that purpose that we act could teach your child raising. Critique them go for patent how bad it is let me tell you my kids are not in the BC news dinner table play with a tablet with their your buds and they the they say that the eras you know along side of this apple criticism. There's a study done on FaceBook and this is just the children. But the amount of time you spend on FaceBook can lead to depression yet this week you know you look at you know if you spend a lot of people spend. Literally hours and you know scrolling through face. What what's interesting is that there was a clear difference in how you used FaceBook and so if you were somebody just scroll through looking at different people and what they did. You had all those markers of depression and and you know bad things happening to you. But if you were someone who used it for purposes of going on to run a business are going I wanted to say something. It was a much more positive interaction but the people who just sit there and read through it had all kinds of issues. Well there's a lot of for you worse Frankfurt for FaceBook where people are just. Scrolling through it in and sometimes they'll make comments that allowed you just scroll through to see what's going on. And Isaac and Facebook's depressing place to be just read it is either its people talk about all the great things they've done that make you feel awful about how all else likes they dead or just people yelling at you about why you're wrong about like. No wonder she don't look good I'll read he's FaceBook it's all too many people. People too many people use FaceBook to make political statements that and I think that. It date that's a turn off a tidy I think a lot of people leave FaceBook because they selloff. Look I don't care to hear about was born and enter the day that I find that. To be something disconcerting that coming up. We're talk about how investors made money on Oprah and of the stock goes way down and make money in the markets go down. Let's say that more. And it's exchange traded. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for all landlords chasing down league rent payments and making trips to the bank to deposit checks take a hassle out of round date with zero and leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit www. C rent dot net to learn more with zero and your payments for each unit to receive regularly on the same day every moment tenants pay nothing in the first six months or free throw landlords visit WWW -- see rent dot meant to learn more or call 7816418691. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should tuck we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advice from her regional firm with offices throughout New England that it plays a solid stable of young advisors who understand the service and attention to your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934001. Or you can connect with me online at Armstrong advisory dot com. 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Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. As we age long term care is something to make sure you claimed for how quickly -- your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six if you or a loved one are faced with an unexpected nursing -- study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and -- at 8668485699. Pushing him Dolan has been helping families just like yours protect RSS for more than thirty years and they put together in new guide for this month told claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. 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B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as they're banking partner call 8776917900. Or email BDO at leader bank dot com for more information member FDIC equal housing lender. Time now for mostly watch a look at the market's performance so far today and I don't Berrian jug right here on the financial exchange radio network. Mike Armstrong joins us now from Wall Street watch like we've been watching. Retailers pretty much fly. The year just steadily struggling. At another once the list Urban Outfitters down 6% today. Yeah we haven't returned or started seeing here is the results from the holiday shopping season and obviously there's winners and losers and our Urban Outfitters asleep on the losing side. They'd be reported disappointing numbers for the audits LC the stock is down about two boxer nearly 6% of these. Acuity Brands first of all tell our listeners a little bit about what they do and why are they down 14%. Yes so they're electronic benefit manufacturing company neatly specializes in lightning. Pretty substantial company in that area. They've been really struggling to the last twelve months just you know beating earnings expectations and that is most recently truce in note different airport approximate dollar and seventy cents. As well as disappointing revenues they've missed on both those targets. By dimension data between ten of the last twelve months and now this morning. Down nearly 14% on madness. Are good thank you for the time like. That's Michael Armstrong with Wall Street watched. At this time yesterday chuck trading in go pro had come to a halt. Because there's so much volume and a lot of breaking news on the company. The stock ended up to date down what 2030%. But ended up what C we yet but now has 171617%. Than it rally up the middle of the day it's down about 5% today. So the announcement was there gonna lay off 200 workers. And get out of the drone business the theater attempted to get into the drone business they are getting out of that. And do we know that they have hired JPMorgan Chase to try to sell the company correct. Yet that they have not yet committed to selling the company to JPMorgan is out there are saying okay you know this company is available for anyone's interested. I don't know if anyone would be I don't know if there's any technology here that anyone needs. You know that it will that would be the problem right because it it's basically portable camera. And everybody's using their phones for that. Day use your phone for that and I guess it's its first sporting events that great isn't it like the idea that the first time I saw one was maybe. Ten years ago and as water ski and some with some young guys and they were using them. That's it it's and its product people be a stick him on their helmets in adventure sports and action sports and things like that. But it's it's largely and its product because. If you've ever tried to use one the user interface actually use it he is. Awful right to download the video like it's it's the year you look at how complicated it is and they've made it is simple as possible but it's just it's it's not clean is not easy. And I just I look at go pro and they're still you know at this point worth 850 million dollars theoretically. I don't know I mean I just I have a hard time getting to that point is the company. That's. You know if you dig into the financials on them they had to. You know a billion dollars in sales last year that was a 50% decline from the year before so turning debt on that company. Particularly the balance sheet and see what their caring and debts. There Cary and. Not a ton about half a billion dollars it's not even dead actually it's just accounts pay a also know there's there's no real debt on the company. The of their accounts payable or not. Looking great the way there. Trade biggest problem is there's no recurring revenue. That is over it's not like when you you know when do we knew opened up an Amazon account to pay a hundred bucks a year they're making money off every month to your bias Sloan. It's it's a niche product. You know like who goes in I think that's probably what they found was drones like how many people actually need drones. It in daily life drones are just not that useful for most folks like gather cool to have but so was a pony but most people don't pay for ponies I'm discuss the polling or do you think there's like a bawdy camera company that purchases go pro so public now with all the police cameras and Google and whether it. It maybe maybe. They don't even then I would just go pro lab that's proprietary that's factory right now I mean I know money matured the big public bawdy camera company has by no there are definitely out there. There in the app market today you supplying police officers on camera with a taser makes a lot of the police cameras they do they do that gets them so. It's but a bunch people made some money as cell sort of go pro yesterday. Explain that because I saw that headline and I said myself. In associate or read that sets countered to of the stocks down 17%. Yet somebody made money how do you make money on a declining stock. Yup bunch of people had I get shorted go pro stock expecting it to go down and pretty much what that means is that these people borrowed their shares they sold and at the higher price initially. And then when the price drops they bought their shares back and kind of closed at the trade and so. It's it's a risky move you know because you never know the stock is going to go down but these people who did short the stock. Made in the whole bowl demonic. If the stock had gone up power right you can potentially get whacked into oblivion it's it's not necessarily good situation. Shorting stocks and it just playing options generals pretty risky proposition depth be be very careful if you go down that road. Were from leader bank there is a new year upon us and so it's another great promotion. From leader bank and I wanna tell you about their brand new relationship money market accounts. You can save your money and grow your earnings with a great rate when he opened a relationship money market account with the leader bank. The rate is one point 35% EPY for balances between a 100000 in a million dollars and it's easy to qualify. Just maintain a 5000 dollar balance. In a leader bank personal checking account in role in. 100000 dollar daily balance in your relationship money market account for more information. Cult leader bank at 8776917900. Or visit leader back dot com that's 877. 6917900. Edwards of the website leader bank dot com take advantage of leader bank's newest offer greater savings today. These could reduce earnings and a penalty may be imposed for early withdrawal leader bank a step ahead member FDIC. Equal housing wonder. I would you suggest that most consumers probably by their motive more rent their remote from their cable TV company that. Yet they probably somewhere between 1995%. I always have definitely are guilty and people were plugged in tech technologically typically do like I used to for the longest time. It's kind of a rip off though isn't it like it is that it way you can save a quick 510 bucks a month. Oh yet is a lot of times it's you know it is somewhere between five and ten bucks a month to what to rent these you know but. You can buy good routers and modems for you know 2.5 to fifty dollars and silly you know that the payoff period. Is usually under half the year and generally they're good you know anywhere from two to three years you can save yourself. You know 25300. Bucks if if he kind of go through that life cycle there. Verizon we'll send you a new whatever so. Yeah occasionally they have updates and and I know the files ones I don't know he can do it on fire dose as easily I think those might be a little bit more expensive. That's I was gonna ask because it did Duluth this article I read said that you know for the most part. If you're getting you were you know your Internet service they're charging. Excessive amount should go out you buy one of these things at best buy correct. You get to best buy Amazon you name. It takes you what half an hour connected. If that nearly the patriots they get somebody is technically adept desire. Maybe an hour you heard how much food you have stored. So you know prefer the simple minded like myself it might take half an hour. To death figure out what you're saving in in in view all that mode and you interstate you're you're eliminating this recurring bill. Detonate it. It's just a little thing that if the two ways that I typically look at trying to save money either you save money on the big ticket items that you buy once in awhile or on those recurring things that happen all the time and this is one of those if you say ten bucks a month for you know a couple years. Also new at 250 box like it's it's real money that's in your pocket than you do that you know five or six times five or six different things. You got a thousand boxing got 15100 bucks yet to play with. Then I hear that there's a new generation of television coming out that we all have to get asked you know I just bought this. Samsung's Smart TV and put the pictures on it terrific but they say it it's a computer electronics show in Vegas. They're coming out with four and he. Television's. Eight any thoughts on the easily like is this going to be another round of technical upgrades that we all do with our flat screen TV it's. These have been that they've been rolled out over the last few years and it seems to be what's attracting the most buzz despite the fact there's almost no content for the Miette. It's very similar to how when HD first came out there wasn't a ton of HD contact. And so why would you violent action. Well again when people first body HDTV news it was kind of a bet on the future it's that it's the same type of thing was for Kate TVs there's some content for them. That the big thing with four KTVs. Most people for me normal viewing area via won't notice the difference real yeah. It's if you're watching from a normal distance you can't really tell the big thing for K with the reason why it's called four k's as 4000 lines of resolution. Okay HD has a little over a thousand. And traditional standard TV's got 400 made. Now today difference. Except he can't he can't pick that up with humanize wants the same reason that we can't see our own cells in our body to humanize only so perceptive you know can only pick up so much. The biggest benefit that you get from four K is if you have a bigger TV than you should first base the image doesn't borrowers much so I don't have to rush out buy one of these things. You don't have do it's it's pretty much standard with a lot of TVs now anyways but there's ways you. Go buy it if TV today it's a four K most of now on okay yeah. Download and had a bunch of options on transpiring now like the Captain America. How much like say you wanted to 65 inch. In the C 64. The going to the go regularly can LCD years LED something like that you probably talking somewhere in the ballpark 2000 IC 14850. And Tennessee another one for fourteen hundreds so it varies thousands of eligible. You know back when flat screens just came out you pay five anger and Retief you know easy. If you would talk all I believe you it's crazy it was nuts. I still remember even when I was in college I went to fox woods one night and I won about 600 box and I went out in I bought myself a 37 inch TV. With that money. 37 inch TV right now you get that like 150 dollars as they give they threw that in as a giveaway when you open an account at bank rate is. If it's in the gift bag yeah if the the McDonald's drive built at a gas station here's a 37 inch TV like there you go. Let's see FaceBook executives sold four billion dollars in stock last year that makes me nervous about Facebook's stock at an earlier to tell me it's no big deal part of an orchid orchestrated. Plan that I don't like it went corporate insiders I don't care if it's just pays those words. Marks a Cooper group Sheryl Sandberg the start sell on their own stock that tells me the stocks overnight. Even those ducks still owns like hundreds of Billy like 900 but tens of billions of dollars in FaceBook stock. I give you an example why you know is I've heard that argument before rate. It you know such in the Dell and Microsoft he holds a ton of Microsoft shares deacons. And Larry Page CEO of alphabet in selling shares right so what Larry and such are telling you. Is pay Microsoft and now from that they're run even more and I'm not sell it and Nicol might stock. Jeff Bezos and Mark Zuckerberg telling you. Who else doesn't Bezos sells every year. An open date but my point is if you're selling every year your bidding against your own company right bet Bezos has made terrible decisions from an investment perspective. Oh for the last ten years by selling that stock has stocks that nothing but go up for ten years I don't know Mina I don't Blake. If if you look at Amazon and then selling it did not suggesting. That he's selling because he doesn't believe in the company it's quite seamlessly. I I you I think Jeff Bezos believes this company. I not as much as this as Larry Page believes an alphabet. Larry Page and so on nickel that means he thinks it's the best investment on the planet. Jeff Bezos sold to billion a year and it doesn't think it's the best investment may be just wants to other things with the money could be could be. Coming up we are going to be talking to. Bad each Sharma from seeking alpha about race stock grab a pencil and paper stock tock is next from the financial exchange radio network. The financial exchanges all over New England to go to financial exchange showed dotcom and search for the station closest to you this is the financial exchange radio network. The calendar has turned and a new year is here it's time for us to reflect back on the year that was in the year that's to come hi this is Barry Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 -- a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failure that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory. Dot com security czar for two securities America incorporated member finreg SIPC and advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. As we age long term care is something to make sure you -- for how quickly -- your assets being depleted if you had to write checks to the tune of 141000 dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and that average cost is expected to increase to 169000. By the year 20/20 six if you or a loved one are faced with an unexpected nursing home study and you haven't -- your planning yet before you write that check picked up the phone and call the experts at Cushing and -- at 8668485699. Cushing and -- has been helping families just like -- protect their assets for more than thirty years and they put together in new guide for this month called claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the -- right now from our website legal exchange -- don't come. Hi this is chuck and Mike here from the financial exchange and as we head into 28 teen Micah wanna talk about one of the key themes 2017 is that we're in that was the disruption by technology companies. Lot of major industries yeah it's true you know we talk about the Amazon effect it's not the only one but it certainly was a huge elephant in the room so if you take a look at. In their activity in 2017 alone you saw these large purchase of whole foods markets which was you know a very very big disruption to that overall grocery industry. Obviously Amazon and a lot of tech companies they've disrupted retail to this point but now we start hearing about other sectors that are potentially in the firing line so to speak next year health care travel all kinds of areas the potential here race. Yeah I mean you really do need to keep an eye on the Amazon effect we talked about retail obviously a Toys 'R' Us is in bankruptcy proceedings Sears JC Penney Macy's all really struggling to keep up and now you're right gathers rumors that there were flying around the names are might be inched in getting into the pharmaceutical delivery business which who knows how to make an impact that's sort of industries so that you gotta keep an eye on it you always got to be wondering about what is the Amazon affect what is the Google effect and how are they going to change the investment landscape for 2018 and beyond. Folks 2017 obviously was a great year in the markets but you do need to be prepared for what's coming next and so Armstrong advisory group is put together this great guy totaled 2018 the year head it is free to get in all you have to do. Is call 800. 3934001. Or go to our strong advisory group dot com to download again. 80393. 4001. Or Armstrong advisory group dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are on the affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. They say video pads ten pounds. But don't tell Berrian judge in the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. Joining us now on the line for stock talking about me Sharma from seeking alpha Bobby's thank you for joining us. Are kind of money into Florida and letting me do that show. Absolutely Barney's what stock were talking about today. Side give a content Canadians must man city and IPO on NASDAQ. This is that by being done based company in Massachusetts the companies caught at these pharmaceuticals. And that it got there at CP match what exactly do. So this company has. It meant there today. New technology it is caught at TP at infused. The iPod I don't bit technology is that. That a lot of docs that ought to be given intravenously and their for the patient at school board of the hospital they have the red admitted there. Are using their technology. All of these commonly used drug. Can be given up continuously at home or that the patients do not have to go to the hospital and and didn't get what I just bought billions of volatile cost savings that it has done. So this is that it lead evolutionary. Technology and I'm glad that Balkans and the beauty and appalled at what application which is called futile. 86. Yards let's talk about what they're doing with this technology at this point. Sort that company is but king. And CAD out. All of that bottled up the deputy out they had this technology is epic about is that accusing dot inpatient hospitalization. Bugle chronic popped in here. Salt. What deputy national debt technology is that they act like a gale. I doubt it at least six it is required August bishops and they got dazed. I backstop the hawks really that does something because actual decomposition operate here. Assault using this technology got in target asphalt off if that this incident I get a date which had to gut it out this export out of the party. So at best medication can be given at home. There's just more delighted by that is medication can be loaded and that is smaller Mike tornadoes. The patient and just attacked a device to their party's got that medication facility continue to get giddy about it. And not be turned a deaf people are doing your daily activities they can board a lot bigger and a lot of what they're doing. Started it then. I know all indeed it is be patient have to go to the hospital on that they would let let me diet and they're going to be tonight one of that at all. All cost is that bit by a non dogmatic and had scared billions are volatile expensive. So all these can be seen abusing this technology all I think as. Just one have to get shut out that it is. Giving the hospitalization. Due to heart failure using but looking at almost mystic. Is. It is but like billion dollar bought at all. And they added they are looking on other media they have they are demanding according asphalt off almighty those antibiotics. Might that play excellent crop up and down. To a bit. In that second and cut 308 but but they plotted very promising. And big and out of disputed call on other medications that you right now undulating drug industry. But they can be given all that continuously using the central. Or go to above needs thank you very much for joining us we'll catch up with the soon. Apps as Bob knee Sharma from seeking alpha talked about SE pharmaceuticals with a ticker SC PH. It's amazing how many of these companies are located in doing specifically in the Boston area. The it really seems just like. So many of the bio attacks are in this area just so many with cutting edge. You know technologies and developments it's there's just it is one of the things that the state of Massachusetts did incredibly well and in was incredibly Smart about trying to lot of foresight you know looking ahead at was you know being a trying to BA Biotech company incentives for Biotech because it's kept so much talent and money in New England. What has and you know the thing it's go come to school here great new tend to have an affinity for the count. Where you go to school whether it's Philadelphia at New York Boston. San Francisco yeah. You like that town because scandal where you grow up and become an adult. And then you graduate and it's so easy you know eat just you your you graduate from MIT and Malia there's a job waiting for you in Cambridge in your union FT unit apartment units to move to stay in the same place out. It was a Smart that was done probably fifteen years ago yeah up in news melodic cost the state I think about 500 million dollars in tax incentives. But the monies come back. Threefold. From that that's up. He thanks for tuning in to this hour of the financial exchange when we come back. Talk about whether or not the drug industry has given up. On trying to find a cure for alzheimer's that's next from the financial exchange him. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through. Acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should talk we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention that your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases in refinances all originations are managed by your bank's local underwriting processing teams traditional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Minarets DNC equal housing lender and limitless number 449250. Subject to credit approval leader bank a step ahead as we age long term care is something to make sure you claimed for how quickly we your assets being depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and Dolan has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month told claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or down. He eighteen having now wrapped up 2017. And Mike one of the biggest things that investors need to keep in mind this year are the upcoming mid term elections that are going to be held in November and the effect that they can have on markets both over a short period of time. But also over longer time span. So yes certainly there's always uncertainty when you head into election years we've already seen some early elections that took place in Alabama New Jersey Virginia those have been giving us some sorts of indications of what we might see but it is largely unpredictable so we'll have to take a look and you know see how that impacts markets or how it hypothetically could impact markets leading into the end 2018 between ninety. One of the things that investors need to be cautioned about is is heating conventional wisdom that certain election results are going to be either bad or good we saw that twice. In 2016 with both breaks it and the Donald Trump collection markets move the opposite way of what people expected. Right yeah Agee you know if you're listening to Talking Heads on television everyone said why out Donald Trump went for a C a huge market correction what happened Dow futures traded down overnight and then we're up the next you know really the next twelve months out with wrecks that you saw quick dip over about a week period then and made all that money back up very quickly so it really depends on the situation. Folks what 2017 is in the books you do need to be ready for what's coming in 2018 and so are strong advisory group has put together a guide titled 2018. The year ahead it's free of charge no cost in all you do to get it is call 800. 3934001. Or go to Armstrong advisory dot com. Again those numbers 803934001. Armstrong advisory dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Precious metals are Smart meaningful investment one ounce and 110 down silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader banked dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. The calendar has turned and a new year is here it's time for us to reflect back on the year that was -- the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial wellbeing and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and -- a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services are for two securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Do they are better than one that everyone knows that that's where offering to balance the one taking. You can he added tax and wildcat mountains in this game day Imus. They're just twenty minutes apart in the number ones out in the heat. Q now in the once again WR downhill this winner and had a cash and wild cat nap. Ticket dot com for more information hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in -- savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay log -- to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage -- and no minimum balance and remember this product is only available -- -- so logon to leader -- dot com right now -- leader bank dot com -- -- a step ahead. And me. This is the financial exchange with Barry Armstrong and shut so I doubt. You're exclusive look at business and financial news affecting your day your city your world and stay info. In the end up today to promote economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck soda. So we've got good news that we've got bad news the good news is unemployment has reached a seventeen year low it's easy to find a job. Yeah that's that which is terrific. The bad news is Americans once again are behaving very badly. By ringing up consumer debt what is consumer debt talk about student loans car loans and credit card loans. Reaching a record high struck a three point eight trillion dollars hi everybody it's buried truck with you from the financial exchange and. You know EB I hate to. Sound like grandpa. But you know what consumer debt is is one of the worst things you can carry in terms of debt in society. It is an in and you look at this number here and I think the big thing that that. Shocks me is that it it seems to be accelerating right now pace at which people are accumulating it. And then the problem with that is that. We know that this can't continue forever the party doesn't go on in perpetuity eventually you know the music stops you say okay we've we've got to figure out how to deal with this. But even if it doesn't stop let's say things are permanently better it's different this time. It's still not a good idea to carry debt on your credit card it's still not a good I don't get a carry debt on your car. And it's still not a good idea to have student loans outstanding you'd like those are three things that you want to eliminate. From your balance sheet. Yet it there there's still things that cost you money in the long run and so as you said look even if everything goes well. Forever let's say you've got 5000 dollars outstanding on a credit card 20%. You wanna be paying a thousand dollars and interest for ever each year leg it just it's not good financial sense you could use that thousand dollars for something else. While wanna mention we have a poll going today on our website its financial exchange showed dot com and you probably stop by your perfectly. The poll question is. Are you carrying any credit card debt and Tucker idea got a Mea culpa here 21 point 4% of our listeners are in fact carrying credit card debt I federal would be under 20% but we still another hour ago it's actually a 226%. Number. It is then check it again just I understood. But I knew that your second step in and now ticketing. But but my my point is. I I would like to see you in 2018. Make a resolution to eliminate. At least your credit card. You mean appealed get prettier currently Mina. It's it's a terrible at the financial burden and I would suggest do you work overtime. I would suggest you Alter your lifestyle cut your cable bill go out to dinner last Austin. Do what every UK and to eliminate credit card debt tighten it it's it's a real problem. In our poll question is carrying any record it financial exchange show. Turco back to a story that we talked about yesterday and it had to do alzheimer's disease my gosh I got a number of text messages and emails on this topic because Pfizer announcing yesterday. It basically waving the white flag and giving up. On trying to find a cure alzheimer's in the course the questions I got were from family members and hate. You know my uncles got it my husband's got a mighty on its got alzheimer's is anybody still trying to find a cure for alzheimer's disease. Still bunch of companies out there trying to figure this out there still are billions of dollars that are being poured in to research the the big thing is. We do not know nearly as much about the brain as we think we do. And in just about anyone who's involved in neuroscience time that I have a good friend of mine who is an anesthesiologist out in San Francisco. Smart guy. You know again anesthesiology typically lecture the smartest guy in the room because you're responsible for putting that person under and bringing them back. And you know I'm talking to him one day and go so you at all actually work. And he goes well you know ball bought a Goebel but Kevin how's it how's it work. And he goes well we don't really know. At the end of the day that we don't even know what it is for someone to be conscious it's Italy we can't define it we don't we can't measure it. And so when you can't define something that basic how do you try to do you know affect someone's level. Of you know activity in their brain you know for something like alzheimer's it's really hard and really complicated to do. And and that's kind of what we're learning here is it's a much longer road. Trying to figure out you know how we you know improve things for this then you know other diseases that we figured out how to treat or at least improved prognosis for. In the last forty to fifty years it's really complicated. In and the challenge these companies have is they invest a billion they invest two billion dollar sometimes they get government. You know the government's throwing billions of dollars this. And they're not they liked. They think they've made progress. And then they actually go to trial and it doesn't work yup you know and and that's happened repeatedly and I think what happens chuck is. A company like Pfizer. You know the board of directors gets together and they say well how much money we thrown at this miniatures of those sterling one point three billion. The board says say. We've got a fiduciary responsibilities to our stockholders. And we were saying get out of that business because we don't think he can find a cure. I think that's I I agree that's what's happening and I think it's a cop out though. Now I wonder what the thing you know the there's a lot of money gets thrown at this like to eventual winner whoever figures it out right. It's gonna be a billionaire is if there's five and a half million people in the United States ovals first thing about global how many people there are great what's the multiple we represent. Were 300 million analyst seven billion gets. I mean you've got tens of millions of people that that have alzheimer's probably hundreds of it right to win 320 times a five billion we. A lot of my world doesn't have our life expectancy you know you look at sub saharan Africa and a lot of you know emerging markets. Lot of people there don't make it past aged 5060. Still like to your point if there's a lot money Aaliyah it in it and just looked at this is you know you look at the progress that's being made and things like cancer. Annual the progress that's being made and things like heart disease and yeah. And you're just not seeing it with alzheimer's care. And you figured in here's kind of wise that it that it was a cop after these companies say outs it's not worth the frost and even if you just look at this from dollars not from actually taking care of people. If you're the first company to figure this out. Holy crap. Yeah I'm telling them money to be made is that all the money that we spend our target every. Charge whatever you want to take every single dollar that we spend on alzheimer's care now and say hey look re directed towards that one company. And oddly. It's that's why as they look like it's it's kind a couple of yeah like maybe you spent 200 million dollars or maybe you spent a billion dollars or whatever was done. But man if you get this. Yet burst of like it's it it's even if it's a one in 300 chance it's like. Man that there's so much opportunity and interest that's even beyond just looking at hate what this means for people actually which is the bigger point. Like it's this this. I don't know why. It be mean struck that they made no progress late victory when you pull the plug did you got all those to your point you've got a lot of sunk costs right you party paid a billion dollars right. And you're looking near the CEO that you're saying if I'm pulling out that means we've made zero progress meaning we we we have no idea what the heck Purdue. Thomas Edison. May have delayed or wrong a 100000. Times before he finally made at the right way that's that's so insane right that give you that. OKC a bad news on the part of Pfizer however Alnylam which is a company Arab members talked about this company. When it went public and act I think maybe 510 years ago. And some of a gun if there are the bigger and drug on the market yet but they are sure confident and they are hiring like crazy. They are they added 225 employees last year effectively raising their payroll by about 50% up to 725. Workers now they're expecting to bring on another 200 employees this year another 500 in the following three years. Predominately in the Cambridge area and on the island to Cambridge based company. They use a technology called RNA interference that effectively. Is used to reprogram different cells to do what what they want them to do. And it's it's a fascinating company to watch it's it's a company that one of my biggest regrets in investing is that I didn't invest back in the pin them back you know 56 years ago I've looked out the I'll cheap stock Karachi to come out it was like eight dollars a share at that point out like a 130 announced that they're going to OG I was really Smart. Only had put my money where my mouth was but yet another New England aching and the Boston based farm yup and you know this is. Is that the that of treatments that they're developing they are four in the small targeted diseases that you know only affecting a forty to 50000 people worldwide. But you know again it's. We talk about you know these developments here that you're seeing in other areas yet they're developing treatments for diseases that previously had no treatment at all. And it's it's just it's. It it's really promising to see some of this news so while can be discouraging. You know I on some fronts with near the alzheimer's research. The you're seeing just huge breakthroughs in other areas. We're going to be in the next segment talking to a banker. And he's the bank Aries the executive vice president of the bank that is growing at a more rapid rate. In any other bank certainly in Massachusetts perhaps in all New England. That's our next topic from the financial exchange. Radio network and the financial exchanges live on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Is who's the financial exchange radio network as we age long term care is something to make sure you -- for how quickly -- -- -- -- depleted if you had to write checks to the tune of 141000. Dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 226. If you or a loved one are faced with an unexpected nursing home study and you haven't -- your planning yet before you write that check picked up the phone and call the experts at Cushing and -- at 8668485699. -- and Dolan has been helping families just like yours protect RSS for more than thirty years and they put together in new -- for this month told claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Hi this is very Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should tuck we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advisor were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention that your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in east savings account providing free online banking when he one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice until Dele logon to leader bank dot com get all the information about this great offer and sign up today before the rates change yet. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank stepping. Add member FDIC a minimum Alex fees may reduce earnings -- subject to change without notice and may change after an account is opened the calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial wellbeing and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Security suffered two securities America incorporated member finreg SIPC and advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Get the most comprehensive weekly economic updates from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. We're talking about making now and we're joined by Jake two league who's an executive vice president. Great thank you very. So click here for you guys for growth last year here exceeding a billion dollars in deposits to what do you attribute your fantastic growth. Well there's been a number of focus is we've had at the bank. One of the main ones is really focusing on small businesses. And providing very targeted. Banking solutions to the small businesses. So we've. We you know there are certain vertical. Certain industries where. We had some expertise on and we try to provide solutions to really help small businesses in those industries. Or one industry is that of real state now I've noticed cute been a leader in terms of you know helping landlords have got a number of clients and listeners who subscribe to years he rent service Jordan describe what that is and how it works. Yes sure Barry that we developed a few years ago in. Basically you rink is a week to automate ranked complexion. For property managers and landlords and so what we're trying to do is move away from. You'll believe collecting rent which is weak for the checked to be sent in the mail in movies and more the digital wave collecting ran toward automated electronic. It's predictable. And go straight major bank account. My daughter's trying to do that she's got she lives in a a Condo in the six units in the building. And she's trying to use you rent to collect the Condo fees 'cause that's something you guys can do for small Condo looked small or large condos OC. Correct yeah we have a lot of Condo associations that use he ran into. To collect their Condo dues in and that makes it really convenient to begin with Condit do these. The monthly payment. Is usually pretty stable. And so it's helping you wanna just sort of set and forget and that's what we really Naples with the rain until. We've we've been fortunate in being able to help a lot of landlords and property manager's seat time. It into the mosque by using this service then. As a result a lot of them that started taking with dust which is helped grow the deposit base. Doctors about Z deposit because this is a new features it seems like as if it's a cousin or brother does he read that seat deposit. Is gonna save landlords a lot of headache. Yeah still we are expecting to launch the deposited in the next few months which is going to repeated testing now. And this really was a request from a lot of delay in the works we. Had signed up when he ran in what date did what he did Thursday's parade. Yet you have anything from a security deposit. Because if you if you think about. How it works right now for a landlord property Meehan to open up what you security deposit. You know they go into the paint there's mean annual form they have to sign. You know there's an account that open and there's people work ethic it's dependent. So we're making it fully again all digital all electronic sign up they can link to that are tenant the tenant. Still doubt him now for me you signed did in the count as open so it it just more and stand to tell automated electronic. Anderson dash port where you can see all the appears security deposits. As a way in order property manager and you know I think that it another terrorist will save a lot of them time. Absolutely I mean that's a nightmare of my sister is a property manager. And dealing with security deposits is hurt he Internet. You know she she just they did tests it. On other banks at the licensing these programs the U like if let's see you're with I don't know Brookline savings or eastern banks are subject that. And they use zebra and could he could leader bank or could you read be licensed through another bank. Yeah we are we are licensing it right now to. Several banks. And we're talking to many. Car in the the other Massachusetts based bank that is using the race don't think maple we're talking to me anymore and so yeah we're completely open and you know. Providing these technology to other community banks both in state not a state. That's great that's great well congratulations. Especially on the growth and you must be proud of that that's. It's it's not eaten easy beating the big boys and you've done a great job and went seventeen for when he teen will be even better. Thanks very were react and about a year. Right that's EE VP executive vice president and leader bank. Talking to us about zero and did he deposit bush sounds like it makes the life for a landlord one heck of a lot easier. According to a poll. 33%. Of NFL fans purposely stopped watching this season what I found a little bit. Surprising in this story chart was that. A lot of people stopped watching because the players were kneeling but almost just as many people stop playing beat air stopped watching because they are supporting Colin peppard it was. It was like kind of where regardless of which side you were on people said no I don't wanna be part of that anymore and I think I again the NFL is still the most popular sport. In the United States. There is no one who was a close seconds. But they need they need to fix this in the next year to these otherwise they are going to get to the point where it starts having you know. Any impact on that dominance they are still a far and away the leader. While it's still it's it's a dollar and cents like you your CBS. Are you saying let's say your run at CBS let's move this. Are you going to Roger Goodell says hey I'm not paying you that price now know that you know you promised me though. More that you heard it and do you didn't deliver it there's still nothing else the delivers fifteen million viewers for three hours ever Sunday. They did he find find me a replacement what are you gonna put on instead. The only through the nose for it but Bob Toyota. I'm not happy if I'm Papa John's pizza I'm not happy I'm say hey you promised me fifteen million eyeballs or sixteen million eyeballs and you didn't deliver I want my money back. What what are you gonna show instead. But before you what what are you gonna show lake there there's nothing else that's especially you look in the fall. Baseball's done him no one cares about basketball hockey at that point it's too early in this like what are you gonna show late Dancing With The Stars. Would you think that they do you think the league has a solution to this is because that would not done enough actively. Is they've alienated two camps right even alienated all the Donald Trump supporters hurled many of them. And you've alienated a lot of the eroded bit liberal supporters because they're dirt but they're they're kind of and no win situation. I I agree I think they I think they've handled it quite poorly. They put it into probably their product is like. Go and watch the last weekend of NFL games and then go and watch the college football playoff in the national championship game yesterday. And tell me which is a better product. The NFL is not it and it's not particularly close. And so I think they've got a real problem when it comes to the product is not a good enough reason to watch either. Soldiers watch this coming Saturday Barry with the patriots and titans he understands going to be over in the first quarter. All you guys are so full yourselves you you you think they really felt that affect why is it. Make the the upsets happen in sports all the time and on another hospital and returned. Not even on the same planet so would you guys gonna do if the patriots lose. Others. I don't know I don't know what went on air what what he wants to do a better idea something really humiliating. I will I don't know what. With what's really humiliating make it a talk for two hours every day if I don't affiliate myself there that's a good day and I can I don't they something really dumb and two hours to get days so it's a year convince the pats are gonna beat the titans. The spread is thirteen points I saw its. How about I won't drink coffee for a week. I don't wanna be around for a that's that's a split it humiliating to a few minutes you miserable while the rest of Mary Watson the humiliating for me I won't shave my head for months. Poll that little K now we got it then there's so it you're using that bald spot and all its glory and then also they unit as at Uga you shave his head. A that's the deal it's a deal now now adjourned for the White Sox on Saturday. When we come back great talk about stocks reaching record highs you know that's right the reaching record highs and yet investors. Don't have any hedges or talk about why that might be dangerous that more from the funny to exchange radio and. The financial exchange is alive on FaceBook so make sure like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader baker Colin learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank in May go down in value leader bank. A step ahead the calendar has turned and a new year is here it's time for us to reflect back on the year that was in the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. How quickly -- your assets being depleted if you had to write checks to the tune of 141000. Dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six if you or a loved one are faced with an unexpected nursing home study and you haven't -- your planning yet before you write that check pick up the phone and call the experts at Cushing and -- at 8668485699. Cushing and -- and has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month called claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed judge -- You are better than one that everyone knows that that's where offering to Alan's group one ticket. You can add cash and a wildcat mounts in the same day on the they're just twenty minutes apart in the number ones found in meat. You mountains once again WR downhill this winner at added tax and allow to happen now. Ticket dot com. For more information and everybody it's Barry Armstrong and I'm joined by estate planning attorney Todd what's key from law firm Cushing and dole and we're talking about last minute planning techniques that can help seed your assets from the high cost of nursing home. And Todd here's a question I have Korea. What can be done last minute. To exceed your assets if your spouse suddenly has a stroke induced. Permanently confined to a nursing. Yeah and it's primarily about your home you know that's the big asset that you want sure no way. Well that bid if you got money in CDs or brokerage account her diaries I mean I'm concerned about all. We that's a good point that you could look as it's all at risk I think that's a point here higher raise that risk is CDs or risk your bra and if you don't terrorists everything in so many people don't think that's the case but it is. So I can tell you first and foremost it's easy for the house as long as the spouses living as they won't take it. But the house and her name doesn't have matters while you east right please don't stop there because if you get sick in the house that risk but at least two dodged a bullet. The bigger issue you're right there is all those dollars rather ironies are non. No and really at that time you're probably looking at one of these last minute Medicaid in new techniques is even for a diary you can even for an IRA you may have to pay some income taxes to get to where you wanna be. But you know ominously 141000 dollars a month and pay the tax so these these last minute annuity techniques. To put all the money into an annuity and how to pay out an income stream. To the healthy spouse. We'll get you there aren't like that not the best way to go you're better off doing advanced planning but there are last minute planning techniques you can take advantage or. Call Cushing and dole and 8668485699. That's their phone number you can download. In January guide by simply going to legal exchange showed dot com it's legal exchange showed dot com go to that website. Download the guide today or call 866848569. Like us on FaceBook and follow us on Twitter pax TFD show you. Breaking business news is always first right here on the financial exchange radio network. The stock market is on the air. In record territory you know this if you follow any kind of news source you know that the market is doing very well as a matter of fact. The Dow has now gone. 300 and EB six trading days without a cell law. Of 5% that's the longest stretch trucks since 1996. And the reason I bring this up is investors have decided that now is a good time to take off Annie hedges and not be worried about markets. In decline. Does that seem a little backwards since time like this is typically when it's cheapest to hedge. You know it does seem. Ports if it's not expensive to head Geneva if you're not gonna head to let's say you're not. You don't buy options. Boy is that ever a good time to make sure that you got some dry powder what do I mean by then. You know let's say your honor its ear and older investors you're hearing your. Late 50s60s. Maybe you're ending your seventies. What a great time to make sure that you got several years especially if you're retired so broad years of living expenses. Tucked away in some kind of safe bond fund that's available to pay your. Income knee expert but I I always tell people if you're 65 years holding your retired may treat get five years of income tucked away. In a month in a bond fund yup so that you've got income in case the market corrects. Yeah it's. I mean look it's a great time for profit taking the problem is everyone thinks that there's no need to property and you know you you look at that and I go back you know. I remember back and get 20102011. And a rule was still so nervous about everything and you know is no I I can't go into the market because of nervous about a double dip recession Eric I can't win because a nervous that you know word businesses are going to be the same. But those are the best times to invest whereas if you talk to anyone you know in January of 2000. It was man like all these Internet stocks you can't lose of them if you talk to anyone in 2006. It was man I'm buying and flipping properties because they are always going up. Today it's while buying crypto currencies and every company that adds geo blocked chain on the name of it. And and you getting the same patterns and again it's it's not to say that the economy's necessarily. Going to dip because I think things look pretty good economically right now but. Markets can move in different ways and the economy actually is moving you know you look back in 2010. Most people felt awful. But the market surged ahead. Yeah today is that you say while things are great but hey maybe the market is due for a little bit of a dip but I just I always tried music when the market zags and I don't know it just it it seems ripe for correction whenever one says nothing go wrong. I talked to a guy the other day and he was liquidating you know about 300000 dollars which was a lot you know and estimates it would you know what you do with a 300000 dollar exit very. I'm used in this to pay off debt he he had a mortgage and commercial property for about 300000 bucks yup and he sold some stock he'd made over a 100% on the stock that he himself actually had to tax liability to it to sell that stock. But he said I just love the idea. He he he felt like he was paying off his mortgage. And with fifty cent dollars. You know and that's it is seven to be said for that now the debtor downside to that chuck is yet stock could double again. But his attitude was I'm not gonna be greedy I've made a lot of money on it and sell. And and pay off this commercial mortgages and you know got blossomed he he's Smart guy. I think the big thing that I always try to keep is you know a sense of perspective and balance where they went when do you think things are going to be awful. Just remember that the not to be bad forever hey when things are great maybe. Remember back to those bad times so you know you just gotta keep balance between different asset classes that's when it comes down to for me. 2017. Was a pat. Year for weather events if you look at the with the weather did in 2017. We had sixteen different weather events that caused over. Billion dollars in damages according to the national Oceanic and atmosphere administration hole. Demi obviously that the three major hurricanes kinda led the way but then you add these wildfires out in California. US tornado tornadoes throughout the midwest and meet you at all kinds of different things. And you know caused over 300 billion dollars in damage which was the highest total on record. Highest total like it was the the most damage for for NASA net natural disasters in the history of the country. We wonder you know I think people are worried that you know if it happened in two when he seventeen. You know what's 2018 now common sense would say you okay we had a horrible year in 2017. But that means Barack I have anything for for many years but who builds in down insurance companies he talked to the insurance industry the way they price their policies. They're saying that it's gonna get worse not better you're saying they'll be more hurricanes more tornadoes more wildfires. Going forward and you know that's their business right that's the business there and they make money on the depth and they're saying it's gonna get worse not. It's like how whenever I try to figure how bad something is for me I go on you know life insurance tables and see what the adjustments are. Because they know is they have to pay the claims out of the the insurance companies. If they're telling you smoking's bad for you. It's bad for you they're not doing it you know to try to try to rip off they're doing it because. It's bad for you when they need to insure against that risk they do they do that that's for sure a note from Cushing and Dolan. As we age. Long term care it's something that you have to make sure that you plan for and you know you have to understand how quickly your assets would be depleted if he had direct checks to the tune of 141000 dollars every month. According to Genworth. The average cost of a private room at a nursing home in New England is a hundred in 26000. Dollars. Per year. And that average cost is expected increase. 269000. Dollars by 20/20 six. If you or a loved one are faced with an unexpected nursing home stay in you haven't done your planning yet before you write that check pick up the phone. And call the experts at Cushing and Dolan at 8668. Rory. 5699. Cursing and dole has been helping families just like yours. Protect their grass that's for more than thirty years they've put together a brand new guide called planning for procrastinators. He offers you strategies they can help educate you. On the steps that you need to take to protect your assets and your family do not put off this call any longer. Get your free guide today by calling 8668. Worry. 5699. That's 8668485699. Or. Download the guide right now at legal exchange show dot com. Seeing as meat eat tuna oysters very often. I'd love oysters big oyster guy here ace yeah I start when he thirteen I had a bad experience. Let's say it is a disease you can catch Cole did for yo. Hostess. And it's the view what happens Tucker is in the summer when the water gets really warm the oysters contract that he bacteria that. And kill the woman. Kill while terrible way to go to east you know the the woman went check out. It's it's not good. It's it's it's really bad I mean this stuff like each year less pretty much it's like this rash and you can't breathe it's. It's awful yet another reason line Saudi oysters and I'm Don it was a from rotten oyster as a I'm on this late what does it matter what I had. Would you I. It wasn't good. Yeah yeah bush and do this woman got a debris doses which is she had a terrible rash on the entity under honor bought. And it basically flesh eating that they caught in the couldn't stop it you know. I mean is extremely rare but stone dead is there's only about 200 cases in the US every year but it's it's just it's not good. Well anyway I'm still gonna keep being number. You are already it's not just oysters or sushi it's all you know raw seafood is what they're saying hey this is a problem PM just to the smell test for a Toyota don't. Stroke now. You know Warren Buffett. Managed to make money. That it did. And Buffett's were Berkshire Hathaway is in 1937. Billion dollars because of the trump tax. Big chunk of change how I mean obviously getting warmed up there is talk about a multibillion dollar company to begin with but. Obviously I mean this this clearly helped Berkshire out at this point. Now they really need any element again due to 501 billion dollar companies so you know it's it's. Clearly a help to them but. You know it's it is it's a big help and obviously it's it's going to be bullish for Berkshire long term. I wonder if this accelerates their push to try to deploys capital find some of the body. It's so much cash I've been looked lately but the last time I checked I think it over hundred billion dollars in cash and it's yen up for some reason I have the number 120 in my mind but I don't know if that's accurate. John Mooney would now. You could have that on the ticket who's gonna text then he is probably listening it. And we own it they get a completely we only Berkshire client or publicity I'm sure at the stock will rule you know the benefit from this it is. It is just an interest in story especially because. But it's always been the one that sadly don't need to lower corporate taxes yup and Syria's 37 billion dollar gain from. About not bad for one day no it's not a bad day's work coming up we're gonna talk about something that is in its peak rate now. Seasonal affective disorder this week. Sad because it's always dork I mean it's dark when you go to work in the morning in the arc when you leave the office in the afternoon to go hole. And Kathleen schaffler from business insider's gonna talk to chuck about seasonal disorder that's next from the financial exchange radio network. To vote on our daily poll question had financial exchange showed John come while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own land rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology to Obama called this he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. The calendar has turned and a new year is here it's time for us to reflect back on the year that was in the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial wellbeing and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing this succession plan for your clients we should tuck we all work hard but if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention to your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Juries are for two securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest to you. This is the financial exchange radio network. This segment of the financial exchange has brought to you by the leader bank if you're looking to diversify your. Portfolio. Precious metals are Smart investment gold and silver bullion coins are now available. At all leader bank locations or call 8776917900. Or log on to leader bank dot com for more information. Member FDIC. Joining us now on the line is Catherine sap sap were a contributor to business insider. In Catherine thank you join us. My partner and happy to get and what is seasonal affective disorder. Are you affected disorder. But a phenomenon that usually comes on the in the law and glass in the winter months and kind of what people were described as having the winter on not a winter person. Clinically it's really a desire for depression would that the type of depression. Brought on by external bank of winter hitting. And additional things that depression comes back at. Them as. No feeling like you can't concentrated minds hearing it's not like you're out really enjoy the activities you really. Typically enjoy and you're a little bit socially on you know Maryland Eli Craig car lot back and what's that into effect. So can anybody. There. Significantly more women who are reported from wearing OPEC to order but. I don't need a conscious about. Because I think a lot of don't typically out. Seek therapy adopt and it went in do and you know medal I'd come greet anyone act is. In any kind of Kline and that hasn't market changed in the winter still. Lack LA anymore. Coat with our especially now are whenever terrible at it came up already cluttered with icons bomb. Any any music ranging we'll drop in temperature and light changes and Patrick that. How do you know if you're suffering from this or feud just hate winter. I think really great question and I think it different between the symptoms of someone who really suffering from a decrepit that the evidence that Clinton's job. Doesn't like winter is that. One of the athlete talent. He used to get pleasure out of the things that you're happy about right so you might really. Meeting near grand on Saturday night or what potluck dinner and went back and our whole community. At a terrible and you don't like and it could he went back merit and you get there you're actually vote in Chile cart the evening our carpet their clan. If you have been not expected to order. You get art it terrible things about the news. And get there are ample and you can't enjoy anything and nothing else has really changed or action here on your experience and things. And it's not just don't want now is that the pattern right or your noted that. I'm really not into doing much of anything that you enjoy and I just can't believe you get myself out of bad. I would it decade if he'd checked out your basic health care and I weeping and and I you know eating while announced right. Coming getting a little bit of activity haren act on it there's you know prepping immediate crisis in your life that would be content and you got. And I think that's another good way to filter out whether it is not factored in order of whether you know you just need to maybe take that are characters elf one moment. What you do if you think you hapless. Well they're a lot. Different purchase a plan. Honor more directed and others and you know one. Really create an easy thing to do is just to get out I you know I'm kind of into it and see if you have not packed with reporters probably very creeping out side. But the thing and even got overcast and not funny you're going to expose is now more like going out oh lead. And I and a very well let. Great. Back and I'll include you know. Opening all the sweetener home moving your act now we and picking up five or ten minute walk you know a day. Actor. He's not affected disorder is thought to be the destruction that create your heating and let them which has just natural Bobby Cox they are in the dark or so much. The longer that day. There are bodies not creating. Territory and that her translator that is a mother sister basically in the namely that it might it. You're getting a lot. Vitamin. Chemical in your brain that meet you. Happier it quickly and without getting out side is eating out and and that can detect and a lot of people do light therapy actually which is. Where for the for the first part of the morning. And it's important that it done in the morning because that helps we are eating at them. There for the first part in the morning you. You know that in front of that light perhaps now our in our hands you can do other things Geithner. Escalate its relation and back here. And it really can do a lot in pain. And re batting here are succeeding and read them. Our. Exercise bank no accident knowing congestion each kid and bring it back at dark and then it's good spirit out that at. Even if you don't exercise in your round you know book quote something tax a ten minute by minute. Makes a big difference in terms again compensating for some of that chemical imbalances that are happening has. No matter. And then conditions outside. If you're finding now that you're having. Other really hard time I would definitely talking with Erica and talking with your years here doctor. A needy. Trying. I get depressed and especially if you've noticed that every winter you feel that way. And there are all that talk therapy obviously I'm man talks Erekat so I'm gonna of course endorsed. That. You know wait a minute I. He allowed argued cats and we actually have to get out we have do well ahead to a break but thank you very much coming down with us. You got it right that's Catherine Scheffler who was a contributor to business insider talking about seasonal affective disorder. It's a real thing oh yeah a lot of people suffer from it and it's and you're kind of in the peak of it right now I think about this last weekend you know so cool he couldn't go out and do anything. Payday poll results are about 75% of our audience carries no credit card debt congratulates. Agents to you folks. The point 5% of you that are carrying credit card debt. Your cells favoring get rid of it as fast as you can. Thanks for tuning into the financial exchange today with very shocked and Tucker. We'll be back tomorrow.