Latest / The Finance Pastor Show / Episode 5: Stock Market Update; Iran Conflict Update: A divided Church
Transcript
- The Finance Pastor: welcomed into your home. And I'm so excited to be broadcasting to you live. We are seeing what is going to be of the stock market today. Right now, the market keeps going up despite The feelings, despite the high prices, despite the prices of high gas, of the people getting laid off, this stock market keeps pushing forward. would to ask Is the economy that good or is inflation so of control? That this is what's the effects of printing so much money that we did during the COVID years even the money that we printed before that. many presidents all are in printing out more money than this country really has. And when you look at the debt clock, ⁓ we already be crossing the forty trillion dollar mark pretty soon, if we haven't And we are seeing we are in deep debt as nation, and that Does not even include the future liabilities that are not included on top of that, which is social security, these social programs, ⁓ like another hundred and forty trillion that we have. So if one would look, we're really closer to two hundred trillion dollars worth of debt, if you count If you count, you must count the unfunded liabilities, which includes Social Security. And if you look at the debt clock, go the to the down portion. And when you see unfunded liabilities that we have, that's what they Social Security and all the future money that we already promising people that we technically don't So one would have to at what is the economy gonna look like in the next few years. So far if you You're a Trump fan, you're bullish. You're saying this is going to be the best years of our life. But if you're on the other side and you say, Hey, I don't really see how this economy is gonna go, and I'm actually in the middle. I'm actually in the middle where I I don't know where the economy is gonna go. one thing I do know is ⁓ not everything keeps going up. Many have this feeling that it is gonna truck right through. it happen? Happen possibly, and with inflation, the way we're doing, yeah, it's gonna go up like that. if you have assets, that's thing. When Robert Kiyosaki wrote the book Rich That Poor That, he talked about assets and liabilities. ⁓ And he said that assets put money into your pocket, liabilities take ⁓ out of pocket. That's why you see so many people who have done well in life. And I'm not about just only millionaires, there's a lot of thousands. have done well. They have assets, whether stock, ⁓ real estate, one or two, three or four rentals. Those assets that you're buying with money that's worth less and single ⁓ And as this country to print money, ⁓ we're gonna see that of you who have ⁓ assets such as real such as stock, you're gonna very well. That's why I advocate for people play. The long term. I say that, you know, I'm a finance pastor. Many people have this inkling this overnight money. That's not what I'm preaching here. One has look at you have to have a one to three year plan, one to five plan, plus ⁓ a one through plan, ⁓ one through thirty. if you're young you're listening to me right now, you should start putting money in good stock. Maybe you should look at the Products you enjoy. usually tell people this: look at what car you drive, what's your home, what do love to purchase? what do you you're married? What does your you and your spouse where do you go shop? Where do you go eat? If you have children, what do you buy them? And if you have in age range, anywhere from that 12 to about 17 year range, you should ask them what do love, and if you start seeing those. that most of these kids love around that age ⁓ generally either the hip thing or new and up-and-coming company that could be ⁓ the dollar company of tomorrow. Think of it. Many of who I'm gonna be 49, but many ⁓ that played grew up playing Mortal Kombat, playing on Nintendo, Sony PlayStation, Xbox. You look at ⁓ of these graphics we start seeing now, it was in NVIDIA that was company behind that. ⁓ you start seeing that NVIDIA ⁓ a company that was all about evolution and moving forward and moving the needle and wanting help society. ⁓ And start seeing that the companies today that may ⁓ seem small insignificant, tomorrow's gonna be the powerhouses of tomorrow. ⁓ I feel that about Coinbase. I feel like that about Robinhood, I feel that about a lot of Up and coming companies could be the dollar companies of tomorrow, ⁓ and start seeing that in the services type of thing, you start seeing gifts that God has given you. Many of you understand industry very well, many of you just ⁓ nerd out at stuff, God is giving you gift. I always tell people behind that, there's a publicly traded company your space. So look At those things that God has given you, and I could tell you this: there's no insignificance in God's equation. single place that God has placed you, every step or place that ⁓ your have touched, you have something that God is going to use towards your future. And you never maybe if your first job was at McDonald's, look at the systems, look the way they do process things, look at how they run a company, ⁓ and of you who work maybe your first job being maybe a Chick-fil-A or or McDonald's or Burger King or Wendy's at systems and look at where God has placed you and you making money You should take and ⁓ your money and put it away in good stock. if you haven't yet, you could start your f your Roth IRA even any age. Like, ⁓ so one of the things I would say start putting money away. And if the ⁓ of age you're saying, Hey, what should I start doing? You should start putting money away and play the term game. And if you say to yourself, Well, I don't know what stock to pick, then pick an ETF in traded fund. My favorite Two are gonna be the SPY and the QQQ, those are my two favorites. ⁓ are many great other ones. I'm not disparaging any other companies, but those are two of my favorites because they mirror one the SP 500, ⁓ the mirrors the Nasdaq, and it's one of those things that you have ⁓ a and it's better than a mutual fund. I'm not a fan of mutual funds, even though there's a couple of good ones. That I would say, hey, I would consider those. But mass majority, they are loaded and with fees, and they're front-loaded with a lot of fees that maybe eat up at a lot of people's wealth. those of you that have 401ks, ⁓ you start looking at how much the fees add up, ⁓ one or two percent over the course of 20 25 years eat ups at about a third of your portfolio. So gonna be looking at what's gonna happening today. So far, the futures are pointing. Pointing towards a up market. SP 500 is looking to cross that 7600 mark. ⁓ it's holiday, so you're gonna see maybe some push up. ⁓ I'm forward to see what the is gonna do, and I want to share. S P 500 right now is we're seeing that it just keeps chugging along right here. If you look at it, it's almost doing a stair step up. This could be considered right here a bull flag pattern. And as you can see, the stock market is taking up. I believe that this stock is going to continue to go up. It all depends on the news in Iran. If there's a call for peace, if you see that Iran is willing to negotiate with I seriously doubt, then you're gonna see this is gonna be a big boost for the economy. Oil needs to come down. People psychologically look at the price of gas and can gauge where the economy's at. People psychologically can gauge the price of food, ⁓ the price of eggs, the price of chicken, the price of what you used to get, and how much you l get now, how much less you get now. People gauge the economy. And right now, the Trump administration is not winning the col the comp the collective whole of the nation. He's not winning with them, even with people who voted for him. So you're looking at There's a lot of people in the Republican side that are losing their jobs. There's a lot of people in the Republican side that are now be like, hey, I'm still struggling. This is not going the way I thought it was going to go. That's why we cannot put our trust in men. That's why I'm telling you, these politics, these politicians, they're using us. As Christian people, these politicians are using us. God did not, and this is going to be controversial, but God did not call us to fight for rights. He called us to stand up for righteousness. There's a difference. There's a difference. They're using us. They're using us. And as the Christian nation, you know, they used to say that the Christian community needs to rise up and vote. That's a civic duty. We're not called for that. We're called to stand up for righteousness. When you stand up for righteousness, everything else falls into place. The culture changes. Folks, this president needs to get on his knees. And ask God to come into his heart. Many of us out there, we need to. Don't let politicians divide us. They're both using us, Republican and Democrat. They're using us. So the economy falls on what happens with Iran. So let's see what happens because this Trump administration needs this crisis to either end quickly because he is losing at the home front. Now we're looking at the Nasdaq. NASDAQ again making a nice move towards the upside. This has been a beautiful pattern. It's been a great recovery. Will the NASDAQ continue? I think it will. AI is driving this. If you're a long term investor, you're thinking about the QQQ. I'm telling you, this is something you should consider. The QQQ is going to follow this Nasdaq. NASDAQ is poised to go up. My goodness. Welcome to the party, Dow Jones. Welcome to the party, Dow Jones. Welcome to the party. Welcome to the party. The Dow Jones finally passed that 50,000 mark. It still has a long way to go to keep up with the SP and the NASDAQ on that V-shape recovery. It is making some serious moves that one could start arguing. Okay, we see you, Dow Jones. We see you, Dow Jones. Let's look at some of my favorite stocks. Apple again had a nice little bullish run. It is following the simple day moving average. It's kind of just right teetering right on that line. I'm looking for this to continue, but I'm also cautiously looking for a pullback. We have been moving precipitously in an upward manner. I'm not saying I'm gonna keep riding the wave until I see a pullback. Right now is you take your feelings, you take them aside, and you say, okay, these stocks right now are overbought, and should I take profits or should I just keep riding the wave? And if I feel like the tide may turn, could I have option insurance on my portfolio? That's another way where the Technical name is called a collar. So we're looking at that. So let's look at what it does. Tesla, again, just choppy choppy choppy. If you have done well just following the the daily moves, then you're doing well. For the last few months, trading Tesla as a swing trader has been horrible. It's been h at least for me, it's been horrible. ⁓ not like the last year was a not a lot nicer of a trading ⁓ Tesla on a swing trade. Tesla has been main mainly if I'm in a trade one or two days and I gotta get out. So Tesla, I love you. ⁓ but you're also you you a heartbreaker too. Netflix, I've been talking about Netflix. It has gone right back down into this zone. Right back down into the zone. I'm believing that people are gonna start loading up. If this start stock starts picking right back up, you gotta see my precious people. This is a long term play. Right now, with Netflix, you're buying a Louis Vuitton purse, but you're paying a TJ Maxx price for it. I'm telling you, folks, this is it. This stock, I believe, long term. So many people have doubted Netflix. I'm I really don't I I really like Netflix. I think is just a is a great play right now. So let's look at the futures So far, the SP 500 is pointing up. The stock market's about to open in about two minutes. We're gonna see what the market does if it pushes up and then retraces, or we'll see what kind of enthusiasm there is in the market. But we should be hearing that bell ringing soon. Let's see what else. NASDAQ again, Nasdaq pointing up. NASDAQ, it's it's gonna be above that thirty thousand. I would not be shocked if the Nasdaq just gets into that fifty thousand dollar range in about two years from now. So that's where the the QQQ is where you a benefactor of that. Imagine if you're buying it right now and if you believe that it could go. to the fifty thousand dollar mark, then you're looking at it that you're buying it at a forty percent discount right now. Because you're using inflated dollars. You're using dollars that are worth less. You're using them today. So I'm excited to see what the stock market is gonna do today. No telling what it's gonna do. We see that gold right now is at $4,500. It has stayed below that $5,000,000 mark. Silver, like I mentioned, it's been in that $72 to $84 range over the last few months. And I'm believing that maybe silver is this $75 a new ⁓ price for silver. Could it be more? Maybe. Could it be less? Maybe depends on how artificially they keep it down. But ⁓ I think this is gonna be a a great day for the market. I think for the upside. Now I expect over the weekend to for a lot of people to start taking profits. That's gonna be something that I am believing. believing you're gonna see from the stock market right here. So I'm looking forward to see what is going to be the outcomes of the stock market. And hopefully tomorrow, well to end of today, we should see where the stock market finishes. But I'm looking forward to it. I'll trading. I'm looking forward to trading some futures today. but I also also like to trade 15 minutes after the market opens. So ⁓ I look forward tea ⁓ talking with you guys. If you have any questions, put it in the chat. ⁓ And I'll talk you guys next time. See you guys.