The Big Money Show with Steve Cordasco - 4-19-09

" These kids under twelve and he presents. Ratio which Steve Cordasco."

" When he shot on that that big talker 12 and I am why did this morning. Here at about 605. -- On April 19 so I will be taking your calls this morning I know that's been a couple weeks since I've been on alive. And -- and you're gonna get me. That looks like -- Belfour and and at least at least. The next few weeks but I advise you rate now to grab the line immediate contact line to -- out of the gate because I got a lot I need to cover on mine and and we don't have an hour to do it and -- yesterday didn't get to a lot of information because of some of the topics we covered. Well my program from 7 AM to 10 AM -- But this is the big money show that airs on Sundays as well and I am alive this morning I'd be taking your calls a -- to contact lines right now out of the -- and grab a line. Brian is available he's there will be two lined up. To be able to talk to me Steve Cordasco and as you know everything's on board stocks bonds mutual -- entire race for when case the economy. The -- to have the insurance that may be thinking you need to work. Maybe you don't need. She GP trying to develop your own pension plan do you set up an IRA. Do you invest at all -- who put your money under your mattress that's what we talk about here on the big money show and in Philadelphia you can grab a line right now. In Philly 2158391210. In the suburbs 6106641210. And in New Jersey take 565411210. If you want to sell it to samples hitting. Pound 1210 you know that your over here's what we do we talk about. Your money or the lack thereof we also we also talk about how politics in Washington collides with your money. And as you know the money center has shifted from New York City. The beltway Washington DC and we try to keep you up on. Paul the breaking news yesterday we did a lot of talk about. About the tea parties and that sort of gravitated into again Goldman Sachs and who's controlling their. Our country and where. Where they where they sort of their teeth and many of them come from Goldman Sachs we've. We've really covered that in hit hard on Saturdays what I'm going to do now this morning. Is -- a shift gears and only give you. Really. I guess more about hard core investment. Hour coming your way and I'm bringing it up because. All the headlines are reading stocks are back. And the market has had six weeks. Of ending up in in up territory. And that folks are saying hey have we hit bottom we have our elected politicians saying there is glimmers of hope. We see that we turn the corner looks as if we've bottomed out. And I'm going to tell you. Not so be very careful ladies and gentleman yes I know the headlines read that. Stocks are. And it looks like stocks are starting to make it come back and will would become vogue again is a different story because people are still. Still uncomfortable with the stock market so as you can see it's the average every day. Main street investor. As many like to call yourself a little guy it's it's not what's driving the market. What's driving this market tends to be the bigger investors the institutions that are now seeing some value in the equity market so we need to keep -- nine. On stocks and here's my take we're in a secular bear market. And I've been saying that now for two years. Still remember about two years ago people saying hey can you define what a secular bear market is well its periods it's it's really it's a down market. A market that will trade downwards and and and be very difficult to make money in. For a period of time and I expect the secular bear market to be an extended. Bear market that could last 567. Years. Now you gotta remember the stock market is disconnected from the economy. So yes unemployment is up businesses are hurting real estate hasn't come around the economy is not getting better but the market is. Doing well for investors that took chances 67 weeks ago. That doesn't mean you were in a bull market I still believe we -- bear market is still believe it'll be difficult to make money in the stock market. -- need to know how to play a secular bear market. Which means if you have money in equities. In -- up more than 10% to -- profits off the table. But you might say hey why would anybody be an equity Steve you're sitting -- saying we're a secular bear markets the public money because. For the long run. Investors need to have a piece of their money for long term investors in the equity markets. And when there's a gain of 10% or more take the chips off. The table. It's got harvesting gains collecting dividends along the way now here's the deal the other side of it is people are saying hey and the argument out there is. Bonds have done better than stocks over the past forty years. Yeah by more than eleven times. You'd averaged about twenty point 1% US treasury if you bought the zero coupon bond. Over the last twenty years. We've done better than your equity investments with dividends reinvested. So winners Jeremy Siegel's book you know Jeremy Siegel a Wharton school professor where -- this book come in stocks for the long run it's titled stocks for the long run because he says stocks beat all asset classes over the long run well what happened here. Is this a fluke. What happened here is treasurys. Have experienced. Really that the perfect situation where interest rates. Were on a downward trend. And here has -- out with the stock market falling apart where's that likely to go in the future I believe there's a lot of risk in the US treasury you need to be careful in that area. When investing in US treasuries. Especially now. Yet he did it twenty years ago great you're in the money you've done well. But everybody else flocking to US treasuries. Why in just look at their twenty year before they'd done fantastic. But the average everyday investor. The main street investor usually makes the mistake. Chasing returns. Now what -- do feel when treasury bonds you can hold on of them as long as there's reflation and we got some numbers this week that showed that we have deflation many are saying that deflation will be here for a while which means price being pricing increases. Will be less likely seen in the economy which means if you hold a treasury -- collecting your interest rate on the treasury. It's probably safe for now what I'd be piling into treasuries absolutely not where the better deals I believe in tax free bonds. This summer going to say hey -- compare tax free bonds which treasury -- United States supposed to be safest of all safe okay we'll be combined municipal that's got some type of insurance to what is. Yours -- insurance company. Some out -- rated AAA. Pretty low default risk. Another area in the bond area is corporate bonds. Of course does not carry. The rating of a US treasury. But value seems to be there. So -- diversify within the world of bonds you can look at. In the municipal and corporate bond there you just have to know which your risks are. Now I do like the stock market. In certain areas. And I won't give you ways to invest in the stock market coming up I'm very concerned. With retirement. And the retirement crisis it's brewing and our country and has really started to surface 10000 baby boomers a day. Will be entering retirement."

" For the next eighteen years let me let that sink in 10000 a day. For the next eighteen years."

" Many -- saying. I thought for years ago three years ago I was okay. And now the time has come. And I don't have enough money. So we're going to talk a little bit in today's program about how to. How to strategize. How going into. Retirement the right way also keep in mind I'm an attempt of phones here in just moment to be the phone lines in Philly 2158391210. Will grab you align. In the suburbs it's 610664. 1210. And in New Jersey 2565411210. If you -- a cell held 1210 -- available take your calls right now -- lined up on the come back. And I will be jumping to the phones in just a minute but -- only -- housekeeping item. I will be. Feel free to join me on April 30. Our being king of Prussia. And I'll be doing a retirement planning workshop on how folks from the Social Security Administration there available will be doing he talked as well as meet personally. Will be doing a talk on how you need to go about your retirement how to generate income in retirement how to generate and create. And build your own pension plan to help get you through retirement. April 30. As well as may sixth on April 30 I'm sorry I'll be in. I have two locations one in New Jersey one in Pennsylvania tell you call my office 215569. 12342. Reserve 21556912. 34 to reserve your -- April 30 will be -- country club. May sixth will be in the valley forge king of Prussia area. So feel free to the website dubbed big talker 1210 dot com thebigtalker1210.com. Dateline I'm sorry and confused me there. I was setting up my workshop for everybody who. Who wants to get on board with that. And we will I'll tell -- what if I have time let's go to John real quick on a cell John welcome to The Big Talker twelfth and."

" I don't. Other I'm twenty years or not have twenty pathologist sitting my bank just. Not a monopoly it would twenty concert vestige of -- part of it. Where should leave -- there and so there."

" I depends what you want the money to do -- are you going to need the 20000 dollars here in the shorter term -- money that year want to park away for sometime down the road."

" I'm willing to park where it would --"

" And we eventually think -- is -- four is that money -- To retire on one day is it money that eventually you'll pay some debts that you might have -- give me a sense of of what do you want to purchase a car some type both of expense item."

" Overlooked to retirement or -- and whom it."

" Okay. Okay if you gonna do the retirement side I would tell you to set up a Roth IRA account. You gotta make sure -- qualified. Or more yet I would I would continue to fund the Roth. -- I would also tell you that. Out."

" Once you max out that Roth then you can look to growth type of investments. And what I tend to recommend everybody do that wants to get in the growth investments are risky assets the stock market basically. You need to take your temperature to see which -- risk tolerances now prominent sure we have on the website thebigtalker1210.com. A questionnaire that you can take your temperature to see what your risk. Tolerances put somebody in their twenties usually comes up with. With a profile that means -- can take on more risk which means they're probably going to be somewhere almost fully invested in the stock market. Here's what I what should look at in stocks -- what you find stocks that pay dividends in cash flow. Companies you invested want to have low debt. Good management. Good product. And paid some type of dividend the little bit later in the program for everybody listening -- give you some specific areas you can look towards. I would tell you to take a look at some ETFs that are out there and I would tell you do invest internationally so that's the -- can start to do your homework in. And -- what a great time for somebody in the twenties to be investing. An old saying the next 34 years are going not to be not real easy times for stock investors. You know what if your in your twenties and you're looking thirty years out -- going to look back and say wow how about that. This functional period back in 20082009. And I started to tip my -- water and invest in my dividends and gotten to reinvest. That's where wealth gets created my friends so I appreciate -- ledger ups or early and I. Yet some homework to -- Appreciate it thanks ladies double and you grab align right now pound 1210 if you want to sell New Jersey take 565411210. If you and the -- 6106641210. And in Philly 215839. 1210 I'm Steve Cordasco hate. Keep it here on The Big Talker 1210 hobby jumping to the phones -- now just a moment taking your calls that a lot of folks holding to talk to me. But coming up after the next break I would get into specifically some areas that I like for investment ideas places where you can go to do some homework. And maybe help you were portfolio. And I'll be giving you tips on how to strategize in two days. Current market environment not just. On the stock side but also within bonds and certificates of deposit CDs cash -- positioning stuff. But there's a lot of folks holding so let's jump to the phones it's going to -- on the cell welcome to The Big Talker 1210."

" Eight you can treat the candidate yeah thanks thanks. I related questions probably little -- but it's cheap there's any general rules work or maybe you're lucky on but 29 programs. Spores like how much. Should be -- I realize what the limit start what you can put in but it don't know. You know what should be put it."

" Right let's let's go back to maybe some of the basics of of the 529 and I'll go back to what I am saying now probably for the last five years or so. On the to pass you can take with a college 529 plan you can go one direction that would invest in mutual fund sort of like your 41 K program. You put the money in when you go to use the money either side no taxes when he uses for the education. Approach. I've been telling people stay away from that. Half that you can take I'd like the guaranteed savings plan better. They now -- you program. Pennsylvania's 529 guaranteed savings plan so read what I would tell you to do was go to the website they have a fantastic website. And you can look at some of the benefits there are how you the world how you set them up and how you go about funding. That amount but -- you know to go back to may be part of what your question is. You know how much do you put in and and and what's it going to cost you you have to look at your own monthly budget. To determine. At the end of the month how much is left over to go into -- state vehicles and when I try to tell folks is don't overweight. In the -- in the education side of your planning. You know ominous stage -- life we have little get together now with family and friends. Just about every every. Get together you know -- neighbors invited for dinner will go out to eat. The conversation goes to Steve which we do for -- education. How much we put in weren't -- you know we we were conflict we have conflict husbands and wife now wonder you know. I -- one wants to put more in one wants to put lessen the need other things going on we you know -- with expenses a lot of people that are planning for their college education costs down the road. Are in high expense. Period of life. So you have to come up with a balance I've always said planned for your retirement first. Do the kids' education seconds. Because there's very few programs out there if you don't have enough money to retire. There's many programs out there if you don't have enough money to get an education. Okay and take part of the educational experience. He's trying to figure out how to come up and and pay for. So you know next Saturday I'm doing and at peace on education planning. You can tune in to that but I would tell you near term go to the go to the website the college 529 web site for the state of Pennsylvania is doing Google search -- now you. Pennsylvania 529 there's all kinds of information there to that answer your question."

" I -- and it's a little bit -- yeah and that is that really goes truly what back to operate in. Should have invested."

" Well here's here's the way you go about it I mean it's and and we've done this in the past let's say but what I usually tell folks as to schools. You can pick estate school for example which tends to to not be as pricey as a private school. And then pick a private school. And you can find two schools in the state of Pennsylvania and in on May be can pick Villanova in the may be you can pick Westchester. And what you can do with some of the planning tools out there. Is look at what the cost is going to be. Based on your child's age -- when they're going to going to school so it will show you both schools and how much you're going to need to safe per month today. To cover the tuition cost of both of those institutions. And then I decide which way you want to -- if you want to shoot for the Villanova type of costs than you can go ahead and do that. And -- Westchester ends up being the school you have some money left over. Okay. Yep good luck -- you appreciate. Let's go to to have time if I do have time Brian let's go to Carol quickly on The Big Talker twelve --"

" the value. Put out about investing in commodities compelling Oppenheimer had mutual funds Deutsche Bank has anything you have. -- specifically I was also looking at the by the ice time with his front by Tim Rogers. What do you think of those vehicles."

" Here's what I want to see when when folks are investing in commodities I want to -- cash flow dividend paying type of investment. Because what happens is commodities can go through a period and then they're extremely volatile. Where you know let's say your gold mining gold is just gotten. Hit hard the last few weeks. A lot of people should seek a -- geez you know I'm losing money and get out of this in the nickel back when it goes up. One thing a dividend will do little hope keep you in the game if you think the longer term trend for four commodities. Is a story that makes cents. The dividends will pay you why you wait to get rewarded on the investment so what I try to tell folks as I like the closed end market when investing in commodities. And the fund that I really like and I hate to do this some thought a lot of paperwork now give the disclaimer that nobody should take this advice or try this at home. But look at the -- natural resource fund. Of course I'm sitting here telling everybody not to invest and I'm just telling you that we'll take a peek at it take a look at it. And you can see Hal. Fred Sturm manages money he's done you know he's he's he he's he's one of the good guys out there I believe. He's Canadian. He's part of the country that's very resource. Driven. Natural resource driven so you kind of want to state -- in net. In that to me that his gives a little bit of an added. Waiting when I'm picking where to go -- take a look at some of the closed and type of investments out there and some BE TFs that are out there that pay good dividends. That will diversify your money across the cross section of commodities. Great question."

" Okay do you think Senator Clinton a problem with inflation in the future."

" I think we have all. All of the ingredients for inflation. But here's what happens when I no longer get calls like you're saying when's inflation coming or are you worried about inflation in the future. That's when I know I need to be careful inflation rate know inflation's on everybody's mind. And -- Li -- seems like it's going to be more of a problem here nearer term than inflation. But when -- ceased to get calls on inflation. Believing you -- common to be telling you be careful of inflation. Okay a lot of art yet take care hey I'm steeper destiny to quick break in Philly and give me 2158391210. If you want to -- pound twelve tonight a lot of folks are going to come back to. So for those of you dawn and Susan and -- be with you shortly those who either want to grab a line will be coming back taking your calls remember with who up until 7 o'clock this morning. You're on The Big -- too often taking your calls also I want to keep you up to date on some of the things I have going on hobby hosting my own retirement planning workshop. I know many viewed emailed means that he Stevie had David walker and -- Harry dent and those guys tend to take over the show we want to hear from you a little bit more. So what I did was I put on the schedule."

" To retirement planning workshops. The Social Security Administration has agreed to join me so for those -- that are thinking about retirement. Entering retirement were art in -- retirement. This is an event for you so mean and the Social Security Administration will be there Social Security we talking about. Inflows and the waste of security works and what it applies to with regards to you personally. I will be there to talk about how to generate income and where to invest. When it comes to retirement also be talking about how to build your own pension plan. Less than 25% of all police have the old type of pensions we get a check for life. Will be talking about how to generate a check for life but how to generate cash flow in retirement so on April 30. I would be it would -- country club in cherry hill beautiful beautiful facility. I was there. At eight. -- charity event that a help put together and had a bunch a places to pick from and Woodcrest. Was above the rest and they did such a wonderful job said guys -- come back in -- do something for my listeners here so I'll be there on April 30. If he can't make that on May sixth -- in the albeit the crown plaza king of Prussia. Doing the same exact program Social Security Administration will be with me as well as might team will be there and me doing -- Full blown discussion on. How to retire. And if you were in retirement how to keep your retirement going strong if he can't make it. He can get your free retirement workbook we'd be more than happy to send that to you here's how you register call 2155691234. 215569123. Force a direct line to my office. The pitcher signed up where he can't make it. Called -- free retirement planning work okay if you're one of those listeners that say hey. You know ongoing and I know some other people -- feel free invite them now seating is limited it is free but it's a limited seating environment so you do need to pre register. I you can also go to The Big -- 1210. Dot com website big -- 1210 dot com website and you can register there as well. I have a lot of folks holding to talk to me Steve Cordasco let's do that let's go to dawn in -- welcome to The Big -- 12% more by good morning to."

" In -- yesterday you were giving your audience ahead supplement -- report support requesting port and is there a possibility -- you can have me -- taped interview or the year. With the represented or be in their -- weeks so second proceeding on Saturday or Sunday that continues. Spoken mr. forever he tells you what's CD. In Asia that he considered to be safe and final thing is what about European countries such as -- Alex -- and we're William and Denmark."

" just do a little clarification and and I appreciate it called for those folks that are here with me on this Sunday morning who were not part of discussion yesterday. It was a very difficult discussion -- you know I debated whether I wanted to head down that path. It first let me ask -- question do you think -- the right thing."

" Oh absolutely because I remember hearing people in Germany -- in Germany. And people -- they can believe it was going to happen."

" Let me tell people who are here in my Sunday audience what what happened and I needed -- and I need to give me the correct name of the gentleman it's Marc Faber. Marc Faber is is that there's a Swiss. Who no longer lives in Switzerland he now lives I think in Thailand are some somewhere in the far east. And in southeast Asia. Heat. Has bin. Ungodly. Right in his predictions. Over the last fifteen years. Of what's going to happen to the global economy what's going to happen to some of the bigger economy nations specifically the United States. He has been probably more accurate than anyone. He has been in the media he's been in the forefront he gets himself out there. He's of the stature that when he says something. You'll usually see his comments quoted. On most media outlets specifically CNBC will usually put a ticker tape trailer. With his comments at least as of recent. I mean look at people be aware he does -- he he does his own research you can subscribe to it. It's expensive it's 7800. You know but it it's an expensive. Bill 700 plus dollars a year to subscribe. Became apparent to me on Friday. He issued an all points warning. The Jewish folks living in the United States. To leave. He feels as if and on the paraphrase here and I'm going to next week give it more detailed. Only Saturday show attention. He basically said the crisis will get so bad. In the United States. That. There is going to be a certain group of people. That will be scapegoated. And I don't I I want to go much further than that because I did reach out I called I called higher ups at CBS and I said you know how do -- go about this fight -- to do it. And all disclaimers are this is not representative of the radio station. -- is representative of meat. Nor the company CBS where the the company I work for our ABC. This is somebody's thought. Who tends to be of sound mind. Who usually does his homework. Before you put something in print this is a verbal this is in print. I did. Reach out to be anti defamation league -- and this week doing something with them. And they also. Are in the loop. Of the potential for this so they'll be more coming up on that so -- where specifically. He specifically says southeast Asia I would tell you probably in next week I'll be able to find out where he actually resides and for me to -- that's the spot and look hot it's not -- saying my job is to deliver. What some of the different minds that I would consider brighter minds are saying today now most people going to say. -- quack the guys and not. A lot of people said. That those that were saying. The major banks that were trading at 809000. Dollars a share one point massive financial institutions it was trading at a dollar -- or frankly go broke. But the people who are saying that we're nuts. Marc -- was one of those guys."

" Well again I say that they think they have to begin -- in Germany. Didn't believe it was -- happen."

" I -- and you know that's a step I just don't have enough time here in the morning I wanted to to to to touch on it. Next week when they do the three hour program if you send me an email and say this is something you want more discussion on -- anybody out there once more discussion on this. Feel free to -- and emails and almanac tell you I read my eight and I did not give my email address out on Saturday. They -- flood of emails that came in. And it is polar opposite. How could you mentioned something like this to people saying thank you thank you thank you for saying something like this. If you want me to go more into detail with the because again I did just scratched the surface on Saturday and you heard. You heard me do a show that was very different because I had the very precisely select. What I was -- the point was confusing I think I messed up and cynical that they American -- for picture for."

" They want -- counties did he did wrong thing hasn't in the sense that you know in effect. And then."

" Had a lot of Jewish folks tell me I didn't do service."

" The -- Italian they had they had -- same thing happened in -- okay well cash benefits if you think you want or are you the American market talk too often comments you've meaning though what I don't think -- speak to mr. forever. See if he has any feelings about the Indonesian countries they --"

" Will do that and appreciate it. Thanks."

" Let's go to Bob in the northeast -- The Big Talker 1210."

" Toward. From what I understand yet the stock market is a leading indicator. Of the economy my question. Which is current round exits is just around an awful were oversold situation or. Maybe -- things will be better 68. Months from now."

" Now I don't think things are going to be -- please. It's need we need to be pointed here because we're talking about the economy in the we're talking the stock market. So when you say things better six months from now you're talking the economy I guess correct I don't see the economy getting better IC DI CD. I see the potential for the economy. Staying word is are getting worse I just do not see anything fundamental. That's going to drive our economy. To that place that at least the current administration wants us to get back to and that's where were almost a full employment people running out to the box stores are buying things up. And and spending again now keep in mind which was interest in -- well about yesterday. Did you try to get through some of the traffic in around. The Delaware valley I mean everybody was going somewhere they must be so much pent up. Demand king of Prussia mall was packed yesterday. I went to a range -- dealership because. This is what my -- works. I get given a car to drive to promote it. And fall love with it. So I was able or got to deal they took my car and I got the ranger -- I was out at willow the mainline range rover dealership and there was a lot of folks chicken the tires of cars and cars being sold. So you know do we have a nice little spurt here I don't know that seems like there's some activity going on. Maybe people feel better about the stock market but here's the deal it's fundamentally it's hard for me to say that this move this economy is going to get better I still think there's a lot of credit card debt. That people are struggling to pay I don't think it's going to get any easier form I think we're going to -- defaults there I'm worried about commercial real estate market I think we're going to see. The issue drop there. I still think the government's going to have to come in. And do a lot of bailing out the two I wanted to do that no but that's been that's been what they've elected to do to solve the problem now the stock market to separate animal here. And yes the big money investors are seeing value in certain names in certain areas. And they're putting money in and you also have a lot of -- activity. That's what's kind of -- thing a little bit where there's been some some key mergers over the last. Four or five weeks and I think that's giving some positive. Response here to the market so I hate will take it and I think the market could end up. For the year but again who knows with the stock market might -- has been if you're going to be in this market. You'd better be getting paid for the risk you're taking that means get yourself a dividend. A good healthy dividend fine companies that got a lot of cash on hand. Good management and good cash flow okay. -- my friend. And I'm not going to give -- phone lines because I just I I still have folks who want to talk to me. I'm running up against the clock we look at the fast hour we get ten minutes left the show. You know we got rescue coming up here in just a minute -- so it'll be with us. After that ends I'll be listening to sit on my way to the Phillies game a little later today so. Looking forward to a great Sunday thank you for joining me -- come back though take a few more calls and then give you. Some areas where he can do some homework during the week some areas that I like from an investment -- standpoint so keep it here in the big talker twelve that we grab one more quick call percent to it's an information in that I promise Susan and -- walk into the big talk too often."

" Good morning Stephen thank you so much -- referred to take him like all -- amount calling I would want to keep it wouldn't help me. I have a CD that's common due next month I don't know why she's keeping it. Still that same bank but they'll now -- on the senior citizen Milan."

" But banker you -- Giving them how much you have in the CD."

" It was these pieces I have two of them 29 and twenty ninth fan out from the."

" Yeah I think you're okay EF FDIC insurance coverage on it you're okay."

" You simply. Still think with that bank should."

" All right as long as you have FDIC coverage. Ellis an ominous -- on the fan of the local banks. You know I told somebody this weekend called. First colonial national bank over collings -- You know I don't know what do we yearning ambler -- and -- it's -- to another senior Citizen -- are well you can pick up the phone and and make phone calls to some -- your local banks and you know you might be able to even get that take the service where if you tell them. You know you're not as mobile. A lot of these local banks. Do much better job in my mind of the customer service side because they can do outside the box to the stuff compared to the bigger banks -- thanks so much -- and passionately to the ground we got you know wonder appreciate I'd like to thank you okay let's not do."

" Take care. Don't forget ladies and gentlemen I have to retirement workshops coming up April 30 -- country club beautiful facility and in cherry hill New Jersey and a march on May sixth a beat the crown plaza king of Prussia. If you're thinking about retiring. Entering retirement or retired. It's a must attend. The Social Security Administration will be joining me they will be talking specifically about Social Security -- placed you and then I will be on board. To talk about investment and investment opportunities how to generating com. And how to design your own pension plan. -- point 5% and police have the old tape of pension plan or get a check for life well. We'll talk about that helped generate income in retirement are -- serious I'd be avoiding right now. If you're an investor. I would be avoiding making new investments in the US treasuries longer term treasuries. They see their being some longer term risks there are now of course to be holding your fine. But you need to be careful because if they take a hit on principle on the short term. You're likely to trade out so be leery of US treasuries. US domestic equities I'd watch out for them to real estate. I would be avoiding that area that big banks I'd be avoiding them and lenders. Here's why be focusing on. Overseas fast growing population tight economies. Asia obviously falls into the category dividend paying stocks. They can be in the form of commodities the -- the mining things like that. Dividend paying stocks like utilities. And companies with low debt high cash flow trading at a good value and a good multiple. They're out there. There are so many of men out there I'm like kidney candy stores I look around saying he I can't believe the valuations. With the babies being thrown out the -- with the bath water. For many good companies. That are on sound footing. In the real estate area I like the apartment REIT. Area so for those of you that need to filling your asset allocation area and say hey where I go in the REIT site that's where I would be looking. Corporate bonds of municipal bonds. Sit there ego if you're wondering -- treasuries are my -- exposed to go to look into that area now some municipal bonds -- give you that AAA rating if there's insurance tied to a need to watch that. And some of the strategies out their variable annuities and market linked -- CDs for those who knew that need a parachute when it comes to investing have to watch expenses there. Because they tend to be a little bit higher but if you need that safety net income work for you and I would start to be exploring the currency environment. And how that fits in with your total investment plan. Wanna get specific on names and areas when I do my retirement workshops so mark the calendar April 30. Or may sixth if he can't make it. Call at the retirement workbook it's free can also bring a friend seating is limited can call 21556912342155691234. -- go to thebigtalker1210.com."