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Oct. 14, 2023 - Stew Peters Show
26:15
Scriptures And Wallstreet: Retirement Basics During Wartime
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Thank you.
Thank you.
Hey, guys.
Carlos Cortez, hope you're doing well.
Hey, I'm still struggling with allergies.
My voice is pretty shot.
There's a lot of other changes, so I apologize for my voice.
I've seen a few things you guys emailed me, probiotics and some other things, but I'm still going to push through as a boy.
I'm getting more updates, getting into my opinion of what's going on.
Before I do, legal disclaimer, everything said on this podcast is not investment advice.
It should only be used for educational and information purposes only.
If you're interested in getting financial advice, give us a call at 813-448-446 or email us at infocortezwm.com.
You can obviously visit our website at cortezwm.com to schedule an online appointment.
We can do FaceTime, we can do Zoom, in person, over the phone, and we have plenty of consultants to get your needs if I'm not able to speak with you.
With that being said, just wanted to have a discussion on basic retirement.
I find that, I find a lot of people don't even understand what retirement, the rules of retirement are, what to look out for.
Earnings are so scary.
There's a lot of things in just making money in regards to retirement.
So I wanted to have a discussion going back to basics.
I'm drinking some hot coffee because my voice is shut.
Okay, so the basics you need to know about retirement is many people American dream, right?
You start out, unfortunately, your HR person when you first got a job, you graduate college, you got a job 30 years ago, and someone in HR said, hey, you need to invest in a match.
And so what do you do?
You need to invest in a match.
And I'm not saying that is terrible, but a lot of Americans have 401ks, and they built their licenses out of a 401k.
There's nothing wrong with that.
But the problem is when you go pull that money out, that is taxed on your income.
So yes, do take advantage of that 401k match if your employer is generous enough to offer that.
The thing is the 401k is that they're limited on funds.
You don't know which one of them's or what.
You don't really have an advisor.
No one calls you in your 401k and says, hey, you need to sell out a smart cap, go to treasuries.
Sell out a large cap and go to national or get international and go to treasuries and be more defensive or have more fixed income.
And they don't typically adjust to your age as you get older and older with your lawyer.
There's no way that...
Unless you have a target fund, there's no way that your objective is going to change inside of 401k.
Your objectives change as you're older, but portfolio will continue to have that same risk, have that same standard deviation.
Due to the Doctrine Act, you are the sole responsible person of everything related to 401k.
Excuse me.
So, your 401k, you are assuming all the risk.
Your 401k, you will not get active management nor an advisor to help you.
So you have to be responsible enough to keep up with markets to keep up with pretty much everything.
This is why I rolled out 401khealthusa.com.
For a small advisory fee, we want to give you advice in your 401k.
You don't have to change your job.
You don't have to do anything.
All you got to do is call us and say, hey, I'm interested in your 401k service.
And we're going to give you advice when we order the calls.
And we will actually scan every single investment that you have for woke-based investments.
And for 401ks, everything's woke.
I mean, you're funding LGBT, whether you realize it or not.
You're funding all these things.
You have no idea that you're funding evil.
And so we want to make sure that We can only work with what we got, obviously, but we want to make sure you at least know where they stand on ESG scale, on the value-based scale.
And if you're a current client, we are bringing on value-based investing, biblical responsible investing.
We're just tired, man.
We're tired of finding the Amazons, the Pfizer's, all these things that really go against our values as Christian patriots.
And I'm more than happy.
I am more than happy to stand in that cap on Wall Street raising the Christian flag because no one's doing it right now.
And it is really a lonely road for me that I'm going against the grain.
I'm literally firing people, money managers, because they just don't care about the moral compass of your money.
And I, at the end of the day, am responsible.
I'm responsible as a financial passer to make sure there's integrity in your investments.
So I take that responsibility personally, and I want to make sure that you guys are not funding even us.
And I really believe that I will judge.
Will judge us on what we own.
And are we pushing to condemn?
Are we enlightening our community?
Are we spreading the gospel in the way that we can so that we have our God-driven purpose?
And for many years, I haven't.
And so to say, there isn't a lot of advisors that don't do it.
Even Christian-based advisors, they don't bring it when it comes to their practice.
So that's my commitment to you guys.
What does that look like?
Well, different exchanges and money management, that's for sure.
I'm a little off on my screen here.
Dude always yells at me, get in the middle, Cortez, get in the middle.
You're always going to your right.
I don't know what it is.
Bad habit, I guess.
If you see it, just yell at me or type in chat or comment.
Stay center, stay center.
So anyways, IRAs.
I'm going off on hand them.
IRAs, $6,500 is the maximum amount for 23.
In 24, they increased it $500 to $7,000.
So as a new year purchase, just know that you can add $7,000 a year to your IRAs.
They're over 50 years old.
They're going to allow you to increase it to the same amount, $1,000, right?
So you'll be able to invest $8,000 if you're over $8,000 of the catch-up provision.
401Ks, for those of you that have 401Ks, that number has increased to $500 for $24.
So now you basically can get $23,000 a year into your 401Ks.
And I go back to the 401Ks, guys.
Be very careful.
Like, if you've got old 401K guys, call 813-446.
The workplace to lose your money is inside of a 401K. The 401Ks...
I mean, the old 401k, you have nobody looking at it, and there's so much money out there with job losses and job replacements, mergers and acquisitions, the vaccine injuries, the vaccine injuries is what I mean, and cutoffs and layoffs.
We're going into a recession, so there's going to be a lot of layoffs.
That is a part of a recession.
So I highly recommend if you have a good paying job, you need to start saving at least 12 months worth of bills in your liquid bucket.
And hopefully it's a credit union, it's a state chartered bank, and it's not these bigger conglomerates that have massive exposures to what is about to happen.
As I said in my last podcast, we have $1.3 trillion in real estate debt.
I'm sorry, commercial real estate debt.
There's no way we can pay that.
And no one's talking to me.
I just want to bring markets into its knees.
It's going to humble.
The financial markets is going on the real estate market, commercial and residential.
On top of all the Airbnb owners, a lot of people bought Airbnbs the past five years as an investment, so they have the short term rental.
Great, great investment, but that's going to come to an end because rising interest rates on your mortgages are blivering that opportunity.
Without a fish, without anything, Airbnb owners are going to sell properties as soon as the real estate guys go down and they have to refinance their mortgages at a high interest rate.
And it's not just Airbnb holds, it's also the commercial lenders, the actual companies.
Like if you own a company and you have a commercial loan, you're not refinancing at this high interest rate.
I'm sorry, you're going to walk away from building.
And it's already happened.
AT&T has walked away from skyscraper in St.
Louis.
Here in Tampa, not healthcare from their building.
You're going to see it all across the country.
You're starting to see the signs of it now.
But we have three months to figure this out.
You think we can figure it out in three more months?
I highly doubt it.
So we can't even figure out the government if they're going to close or if they're going to kick Canada down the road.
We don't even have Speaker of the House on the right side of the aisle.
Speaking of which, it wouldn't be cool to have Trump as the Speaker of the House.
I highly doubt it, but it looks like Jim Jordan might get it, which would be a lot better than Ronald McCarthy.
But on that point, guys, don't trust any politician.
Look what's happening in Florida.
I mean, how disgusted are you with this now?
Everything has come out.
Yeah, he's a sellout.
He's pro-vaccine.
He even signed, like, here in state of emergency, a sign that They can arrest you if you're a public health.
If you're a threat to public health and you don't get vaccinated, they can arrest you.
Like, sign that bill.
That emergency, the State Emergency Bill Act or whatever it was during COVID. I mean, how crazy is that?
Like, if somebody comes to my house trying to jab me, it's going to be very, very hard to do when you have 5-6, 2-2-3, 9 mil, 40-odd, I mean, just 30-odd, 6.
If you have bullets just flying across ammo boxers.
Whatever set you're coming in, like, no.
You're not going to do that.
Holy cow, man.
I don't trust these politicians.
Guys, the cool part is we don't have to.
At the end of the day, we need to cast our fears upon the cross.
We need to give our concerns to the Lord as biblical, and we should not be for uncertainty doubt.
We shouldn't have to worry about all this stuff.
I just wanted to have a discussion because we're going into a very unique time.
If you didn't catch my midweek podcast, I'm going to pull this up.
You guys need to know this because I feel responsible that I keep you updated.
So here is the New York Stock Exchange.
Not the most popular index, and he may not have a stock in his portfolio, but show me the New York Stock Exchange.
And what you're looking at here is a death cross, where the 50-day moving average is crossing the 50-day moving average.
We know the market's going to go down.
I said this literally two days ago, and look what happens.
It shot up.
As soon as I said the market would go down, it shot up for two days, and now it's coming right back down.
The cross is the ultimate, definitive, most accurate technical indicator that the stock market is going to go down.
There's no question about it.
It's been the same for the past...
Since the 30s, the death cross is the number one technical indicator that technical day traders and all sorts of traders use it to bring market down.
I don't listen to the news.
I don't listen to political.
I don't listen to anything other than the charts.
I don't care about your feelings.
I know you said, oh yeah, the market go down, buy gold, buy silver, blah, blah, blah.
Guys, that is a political bias.
There's no facts.
There's no technical analysis.
You will get destroyed if you are investing on your political opinion.
Hear me out.
You will get destroyed if you're investing on your political opinion.
The banks, they know all the political opinions and sub these traps based on your values, based on your sick levels.
I already know this.
This is what I'm trying to teach you guys that you're not emotional about the market because they want you to be emotional.
They want you to buy gold and silver so they can rug pull you.
And I'm going to show you that too, by the way.
There's a death cross in gold.
There's a death cross in your stock exchange.
So in this chart right here that we're looking, See the last candle?
Or you see the purple death cross?
My chart is purple.
You see the green candles, they just go up and they hit this new resist and it resists and it rejects it.
It comes right down.
And what you'll see is that I really believe on the New York Stock Exchange, we are going to see easily A $15,000 drop to $15,000.
That's the new chart for it.
The candles start to red.
This is a daily chart, by the way.
If you look at the patterns, they own Vs, right?
And this next wave looks like it's going to go down.
And it could possibly go down to $15,000 and bounce back up.
But for now, short term, here in the month of mid-October.
October, worst month.
September is one of the lightest months.
But this is a death cross.
If you have 401k, if you have mutual funds, you're pretty much set to lose money.
You are taking the risk of this.
So, give us a call.
We're going to give you some solutions.
And if your advisor is not even telling you about this, say, oh, just don't worry about it.
It comes back up.
Because when are you ever going to get out?
So, here is the S&P 500.
Again, there's a dead cross right there, the purple.
If it's across over 100, and look at the blue line here, which is a moving day average, you could just look at it, right?
So, if we look at the bottom of that blue line, which is at 400.
We didn't pretty much guess, mate.
Death cross, the ADX, the momentum is going down.
We're going to score 4,200 in a near-term future.
S&P is going down.
Here are the facts.
This is not politically based.
It's not tinfoil hat stuff.
This is facts.
According to the charts, the S&P 500 is going down 4,200 in projections.
All right.
Let's go to our next one.
Oh, yeah, this is my favorite one.
This is called the Volatility Index Control.
I'm sorry, the Volatility Index is the VIX. It is basically our gate of the fear and greed index.
So, the reverse is golden cross.
Moving average is 100 day moving average.
Now I see the golden cross, which is green.
And this bad boy literally shut up to 21.
And then over 20 is volatile.
And it came crashing down.
Not crashing down.
It came down.
Tested a new highs at over 20.
And now at 19.
Guys, it was at 13 just a few weeks ago.
Whenever we see volatility increasing, we're going to have, or whenever we see the VIX increasing, we're going to have volatility.
Basically, volatility is a nice way of saying markdowns.
So, markdowns are coming, going cross on it, meaning VIX is going to go up.
When the VIX goes up, that means the fear index is a turbulent island, not where you want to be in when it's a stock market.
I gotta hear these things because I have to let you know, hey, this is the market.
This is the Golden Cross, the Death Cross.
And if you have a forum, hey, you're going to be sucked to all this guys.
And another cool thing here.
I just thought I had to do it.
Pfizer?
I looked at Pfizer.
And it's not looking good for them.
I don't know what is happening right now, but according to my technical analysis charts, they're going on too.
So, don't know what's happened, fundamentally speaking, but I'm just looking at the charts.
They're going on big time.
I can't predict where we're going to go, but their stock is losing a lot of momentum.
There's a lot of divergence.
So if you look at this chart, this is our official intelligence-based chart that we use to help protect our clients and what I personally use to trade.
So I am Pfizer.
Pfizer's looking good for whatever reason.
And if you have Pfizer, please go.
You're probably not even a fan of all this if you own Pfizer.
And let's see what's got here.
I'm full of a bunch of goodies.
All right, yeah, so I'm done with the marked charts.
Anyways, I appreciate that.
So, I say all this because we need to understand the risk out there of just having a 401k and your IRAs.
I know I've been talking about 401ks, but the risk out there with your 401ks and IRA, it is vital that you start in action right now.
It's vital that you just don't sit in the market like a sitting duck because the market is going down.
I mean, I can show you chart down to the Calum home.
Bottom line is the market's going down and melting.
And there's so much other problems.
Still inflation.
Fed is still going to increase this rate.
We still have a real estate commercial crisis and some instability crisis because of mortgage rates, because of commercial lending bubble that we have.
Not to mention the debts, the unsecured debts are national deficit.
And we can't even get it right at government level.
So that doesn't mean you just say, hey, I want to pull everything out and buy precious metals.
They're already ruggling that too.
There's a death cross on gold.
So basically what the smart people are doing, they know the average retail investor is going to go to precious metals, and they're manipulating the price of that.
They're putting a death cross on it.
There's a 15-day movement that has crossed over the 100-day average, and that is trying to do.
So, what you think is safe, they're pulling.
The banks, they're not safe.
They're pulling no.
Every time they rise in rates, they're pulling them.
So, what do we do?
Well, we have private insured accounts that are not invested in the stock market that actually roll the market down because of the ability for it to change.
Using artificial intelligence, using data, using swing traders, using CFAs and CPs.
They have the ability to change into treasuries and commodities.
And we do that on a day-to-day basis.
There's index, smart AI indexes that can make money when the market is going down.
The stock market.
Just because the stock market goes down doesn't mean they're not opportune elsewhere.
We know where those are.
And we have insurance contracts that will protect your principal so that you don't have to be victim of a crashing recession that is obviously on cusp.
Like, this is going to happen any day now.
So I'm just saying, no, I'm not being fearful.
I'm not being fear-mongering or anything of that nature, guys.
You've got to start preparing right now.
And I feel like we have some of the best solutions in the country because of what we've been doing for the past 15 years.
Market goes down.
We don't get a call to say thank you.
We only get calls to say, hey, how come the market is going up if we're not going up?
We get calls.
I mean, it'll be nice for calls.
I mean, we get calls, thank you, but it'll be nice to get more calls that clients are more appreciative.
Hey, thank you for protecting my principal.
But at this day and age in retirement or plan for retirement, quit chasing the returns, man.
Like, just protect your principal.
Keep it safe.
Because at the end of the day, you need to keep your principal.
Right now is not the time to try to make money in the market.
Yes, I know tech is up 38%, but it was down almost 50% last year.
So you just take your money back.
But yeah, give us a call.
We won't have a conversation.
Just go to CortezWM.com.
Fill out your appointment meeting there and tell us a little about your story.
Or if you have any questions and you just want to email us, email us at info at CortezWM.com.
Again, info at CortezWM.com.
And we will make sure that we answer your questions before our call if that's what you want to do.
However, I got a stock market.
It's terrible right now.
Absolutely terrible.
The prices are everywhere.
And not meaning to close your brokerage account.
What I mean is your money manager, your advisor needs to go to treasury or cash and be ready to get back in when this lapse happens.
So...
I say that because either you're with us or not, I want you to not have to be on a greeter in your time days because you didn't listen of the signs.
You weren't there with the signs.
And you said, someday I'll do it.
Someday I'll call them.
Someday I'll do this.
And there's no market collapse, and there's nothing you can do.
So, our investors, if you're a current client, we have our investors right now.
We understand market's going down.
We're just making 4% to 6% rate of return.
We feel like even if the market will go up, it's not worth it.
We want to stay in silence.
Stay in silence until there's a better opportunity to invest in that case.
We understand that technical, the techs are doing well.
We understand that healthcare is doing well.
The little responsible investment managers I'm bringing on, I really like them.
They do invest in non-woke companies.
Amazingly, they're not really impacted by all these swings because they're not popular.
How about that?
How about that?
They're not really exposed to the social media risk and the correlation of the market because they're just small companies that are growing.
So if you're interested in that, give us a call.
Explain those value-based investments we're bringing on earlier in November, and I'm really excited about that.
Anyways, guys, I love you guys.
I do want to share a quick verse.
I hope you get this informative.
And I'm going to just keep on talking about market conditions.
I really feel that as we go into this era of misinformation, I want to be a source to you guys.
I want to be a source of truth.
I want to be a source of facts and give you the best, what I think is opinion.
Of course, I have to say, this is not investment advice.
This is for educational purposes only.
You guys understand?
I'm licensed.
I say those things.
But Psalm 55.22, cast thy burden upon the Lord, and he shall sustain thee.
Like, that's it.
Close.
Close.
Close the book.
I understand.
I'm Gucci, baby.
Cast thy burden upon the Lord, and he shall sustain.
It is biblical to cast your cares upon him.
He also says in the second part of Psalm 55.22, he shall never suffer the righteous to move.
He shall never suffer the righteous to move.
As long as we are living in our faith, we're acting in our faith, we're working in our faith, we are on the cross.
We have the right to cast our cares on the cross.
So he bore it all.
He paid our debt.
How beautiful is that?
We don't need to worry about Israel or Hamas, which are supportive, of course.
Of course we don't like the terrorism.
Of course we don't like Israel being hurt like right now.
Yes, there's evil people on both sides of the aisle, and I'm picking a side that do want to support Israel, and it's very hard when you have Luciferians and all these people promoting the LGBT agenda in God's holy land.
We get that.
But you know what?
I also get that.
Who gives a flip?
Just put it on the cross.
Our relationship with Christ is more important than Israel right now.
Our relationship with Christ is more important than Israel right now.
What are you doing now?
Take care of your home.
Take care of your relationships.
Quit worrying about the war.
And we don't have to worry about, oh, this podcaster said this, and this guy said that, and I know this is going to be this, so I'm going to bet this way, and this is what I'm going to do.
Guys, chill the heck out, man.
Cast thy burden upon the Lord and he shall sustain thee.
Psalm 55, 22.
You could read that.
Write it on the sticky.
Put it on your mirror.
Read it to yourself every day.
He has taken us in the palm of his hand.
Anyways, I wanted to share that because I really feel that we need to go back to the basics.
And that's why I wanted to talk about this today because it's basics.
Our retirement is basics.
401k.
Yes, I know you understand you put it, you're meeting it, but you need to be very cautious that money is going to be taxed in your income.
And you know what they're doing with tax.
We need to get back to the basics of the cause.
We are getting too, too, too, what do you call it?
Leaning our own understanding, creating our own opinion.
We're forgetting about the good news.
We're forgetting about God has us in the palm of his hand.
We don't need to worry.
We don't need to be emotional.
Because if we are, we're practicing atheism.
And I know you're not an atheist.
But with that being said, guys, I really shouldn't be talking anymore.
My voice is horrible.
Anyways, God bless you guys, you all.
And don't forget to click, like, and subscribe.
And shout out to our sponsors on the bottom of our page here.
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With that being said, guys, love y'all, and God bless.
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