Navigating the Market: Expert Insights with Ned Tunmore on Buy Hold Sell

[00:00:00] Wall Street traders decided to take profits today and who's surprised because after all

[00:00:09] the markets have been on a rally nonstop ever since Chairman Powell came out and gave

[00:00:14] his double steam at the last FOMC meeting pressure.

[00:00:18] So where do we go from here?

[00:00:19] Well, it does seem that we're still going to have an upward trend because only two or

[00:00:25] two of the big markets on the broader rally were actually up today. compliant. We want to do the right thing and we respect obviously policies and procedures. So I'm going to read a quick thing for everybody, for the audience, all about Ned. Well, Ned, I'm going to I'm going to be going to bear while you read that. You don out of the market. I was talking with subscribers of mine today to manage to count people. And I sent them like, you know, Toby's list of the 10 rules of if you're gonna run your own money, here's the 10 rules you gotta follow. Number rule number one is, you know,

[00:03:00] you have to have a thesis, an idea, a concept

[00:03:04] of what you think is going to be happening

[00:03:06] either at the macroeconomic level ETF didn't go down in any value because they're trading these one day options. Yeah. Many times on some of these, you know, yield max things, the ETFs here, and then as soon as it puts the dividend out, it comes down exactly the amount of dividend. It doesn't work that way with the daily ones. But my point is I was hoping to be able to add more. And when you get a $5,700 dividend check, since I don't need the money, I'm in my Roth,

[00:04:26] I reinvested it. I found interesting is Walmart reported today to really weak guidance going into the year. I think a lot of the inflation pressures that the country's been dealing with is really starting to take a foothold in how people are spending money, especially the consumer going into the holiday season. It's a handful of clients that are actually looking to retire in the first half of next

[00:05:42] year, and they're asking me, they're like to look to maybe pull the plug a little bit as we get deeper into the election cycle. Well yeah I mean dad remember that almost everything that the inflation nutcases have you know been saying none of it's none of it's there anymore. Oh my god you were going to have a hundred dollar oil or you know the bill is just melting down well.

[00:07:00] Jeez it closed at 72.15 so we've been short oil with the SCO which is a short oil. Why? That was because everybody was short that thing. And as soon as it shot up, then the shirt covering head and it becomes a self-fulfilling prophecy. But if you're best thing for the next two years, five years, 10 years, you should not care about that right now. Or if you are, then be a trader and buy these one day options. Right. I suppose I do.

[00:08:20] I mean, some members of our audience,

[00:08:21] the proximity to retirement is only a couple of years away.

[00:08:24] They can't think longer term.

[00:08:26] You're talking to a guy that might be in Topeka, Kansas We had 28 million accounts opened by people under the age of 35 years old like dude stimmy and then you go on reddit.com and you know and you know David Huang got lost 15 billion dollars in his hedge fund because the reddit org went after him. I mean we've had

[00:09:42] Things that have never ever happened in the world. Oh, yeah By the way, yes, interest are returning to a normal system and because we've had really three bear markets in 18 months Put that in the record books, too. We never had that. We've never had So Toby, what was it? When was it? What was the last administration that interest it was Jimmy Carter, right?

[00:11:01] That we had interest rates go up this quickly in the short period of time. Yeah, tons are this a million times

[00:11:05] I was selling bond funds to pensions in

[00:12:01] Well, that didn't work either. It didn't work either.

[00:12:02] Right, right, right, right.

[00:12:03] So, you know, I just, I just like keep it simple, stupid here.

[00:12:08] If you're a do yourself investor, dude, the QQ queues have been everything for two years,

[00:12:15] five years, 10 years, and so you don't have to get too jiggy.

[00:12:18] I'm buying the QQQ of Y, which is the high yielding version of that.

[00:12:24] Yeah. stock market, whatever the F the stock market is because it's a function of all sorts of things. But then you can then you can say, here's what I know for sure. When everybody's heads on fire, I'm going to be buying because, you know, the United States is hard to bet against, right? I think this guy buffered or someone says that. And then secondarily,

[00:13:40] when your stupid brother in law calls you with a You got to be a municipal worker to get anything like that. So the investments are normally needed to be leaned on very early in retirement. So if I have a client who's 65, who I intend to live to 95, that's 30 years of appreciating

[00:15:00] assets with a distribution, usually on the qualified ticket to where there's taxes, that

[00:15:05] now I have to kind of and I've worked for Fox News for 15 years. So I've met a lot of those guys Yeah, here's rule number one if you want to stay the Fed Chairman you do not freaking raise rates and a presidential presidential cycle exactly Hey, right. So that's that's it's literally a written rule

[00:16:21] I sure it's just like written on the back of like the chair for the chairman

[00:16:25] You do not raise rates

[00:17:22] that the inflation, all those drivers of inflation are all disinflated.

[00:17:24] And so that helps the incumbent.

[00:17:28] That means the market's going to be relatively healthy.

[00:17:31] God forbid some outlier event.

[00:17:33] And now we know that the Middle East can be on fire

[00:17:37] and oil prices go down.

[00:17:38] We had oil bid up to 95 bucks a barrel

[00:17:42] right after the Gaza invasion

[00:17:44] because the assumption was this was gonna again

[00:17:46] be a replay of 1982 hostage situation And then we forgot one other big piece here is that there are record amounts of cash sitting in money market accounts, the 5% Schwab account, the SDWF, et cetera, et cetera. Again, no playbook. We've never had a situation where people on average have 19% of their retirement follow in a money market account.

[00:19:03] Because who would ever buy a money market account

[00:19:05] when you're getting a hold sell today with us is Ned Tonmore. He is a registered investment advisor a ton more Financial solutions financial I'm trying to get with Preslow, the ultimate podcast about this business of sports gambling. Join me, James Preslow, and a long list of expert guests as we dive into the art and

[00:21:40] science of the sports betting industry.

[00:21:42] Evolving regulations, technology enhancements, and Jessica Inskit from the Market Make Her Podcast and Director of Education and Product at Options Play. You're listening to buy, hold, if I'm dead and somebody asked me, how much money are you going to make me for? Look at my last name, a ton more. That's my call sign right there. I stamp it on all my jackets. You got it. You got it. Yeah, I'll say a ton more. Absolutely. Yeah. But then I want to know. I got nothing. Yeah.

[00:24:20] I mean, let's go with you on this block, Ned, because I want to ask, I'm sure you have

[00:24:26] going into last year. I think we're going into the holiday season. You know, Apple's going to have a new product out. I know Samsung's going to have a new product out technology normally runs anyways. One of the ones that you got to look at, you got to look at technology. Not all, I'll also say financials as well. You saw a lot of the banks getting beaten up a couple months back with Bank of America especially.

[00:25:41] Well, so far go down. You know, dividends are now a little excuse me, believer in a Roth. I would make, I think every one of my management accounts that has not converted to a Roth, do have at least one Roth out of all the 14 other accounts they have. But I rolled up a lot of my stuff into one Roth. I took the hit on the taxes, but I had to, you know, tax losses, I could go

[00:27:01] guess it, right? That Roth is ridiculous. Now, I'm 65 years but it's, it's, we've never had these type of high yields. Now I'm starting a new newsletter taught in January, you know, our Transformity Ultra Income. Are you able, can you talk a little bit about it? Because I wanted to get it. Yeah, absolutely. I mean, on 75 or something, or I die. And then Marjory's the happiest girl in town. That position will be gigantic. That position will be just at $60,000 a year for the next five years. That's $300,000 on top of the $100,000. And now I'm getting 5% a month on $400,000? Yeah, yeah, pretty amazing stuff. And it's not just the airlines. I look at the, I look at the crew stocks, I'm looking at a lot of the, the, the booking sites like travel, Travelocity, booking, so on and so forth. From what I'm reading and what I'm seeing, everything is record. I think the margins are not there in the airlines right now, which is why they're still in the drink. And I think we're just, we're in that, we're in that catch 22 area where people want to take experiences, they want to travel, but the, because of all the

[00:31:04] damage that's been done, we just have not gotten back, you know, they happen to live in Texas and they make their money from the energy business. So they want to own energy. But I make them buy or I buy for them the SEO to hedge that. And that SEO is 2X. So what we use is we use USOI, which is a leverage high income long oil.

[00:32:23] And then we hedge it with SEO.

[00:32:25] And so our effective take off the market doesn't get down then. You could very easily be at 65. And if you correlate oil price with oil companies that are more oily than gassy, there's more downside there. And frankly, China is the biggest importer of oil, as you know, and China's consumption of oil

[00:33:41] has been down to like CNBC ratings

[00:33:44] after we started this year.

[00:33:46] It's going ever wrong. And I think that you're looking at what's holding a lot of people back right now, is that interest rate environment just taking out a mortgage or a loan or something like that is you're going to be at an astronomical rate. I really think that that is maybe not next year, but within the next call it 18, 18 to 24 months, absolutely. If you're not

[00:35:00] getting into it in some capacity, I think there's a pent up demand for people that

[00:35:04] have been putting that obviously. Yeah. Yeah. And I, well, like Greater Phoenix area, like Greater Florida, the guys who have concentration in these areas, certainly, you know, Austin, by the way, real estate went like, you know, and average prices off 18%. Things are coming down because people were just throwing money at because they could work from home. And now half of the people who

[00:36:21] work from home can't work from home anymore. So Boise, Idaho, freaking houses went up 45%. My about everything here today and Ned I got to thank you you you were wonderful on the show today and so and how can everybody reach you if they're interested so we got an email address it is e ton more at financial guide.com and just on Fox last week. She was on CNBC. She's going to be stopping by on By-Holt Cell and give us her thoughts on the market as we close out going into the Thanksgiving holiday. But on behalf of today, on behalf of Ned Tuttmore and

[00:39:00] Tovinson, I am Todd Schoenberger. Thank you once again for joining us today on