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The Ron Verb Show - 4pm Hour - Wednesday, 08/12/26 · Ron Verb

• 0:01
  Speaker 1: Now, Ron Verb on News Radio 570 WKBN. It's 4.05
• 0:07
  Speaker 1: in the afternoon.
• 0:07
  Speaker 2: It's Wednesday, August 12th, 76 degrees. Ron Verb from the
• 0:11
  Speaker 2: Kingdom of Mahoning. And to the conservatives, just worried. He's saying, Republicans,
• 0:17
  Speaker 2: you've got to get activated. You've got to be motivated.
• 0:20
  Speaker 2: You've got to get out and support your team. Otherwise,
• 0:24
  Speaker 2: these crazies with the Democrats are going to get a hold.
• 0:27
  Speaker 2: You could have Amy Acton as..
• 0:28
  Speaker 3: Don't worry about your feelings. You know, facts don't care
• 0:31
  Speaker 3: about your feelings, right?
• 0:33
  Speaker 2: You could have Sherrod Brown as your senator and Amy
• 0:36
  Speaker 2: Acton as your governor. My God.
• 0:37
  Speaker 3: Yeah, you can have Sherrod Brown, Amy Acton. What's that
• 0:41
  Speaker 3: McNally woman's name? You know, I'm dead serious, Ron. I'm
• 0:45
  Speaker 3: a little bit fired up today. You know, Amy Acton,
• 0:49
  Speaker 3: if you think... This state of Ohio would not take
• 0:54
  Speaker 3: 10 steps backwards.
• 0:55
  Speaker 4: You're crazy. We may not like DeWine. I'm not a
• 0:57
  Speaker 4: big fan.
• 0:58
  Speaker 3: We call him a rhino. But guess what?
• 0:59
  Speaker 4: He's not a Democrat, is he?
• 1:01
  Speaker 3: Even though he's a rhino, he's not giving us exactly
• 1:05
  Speaker 3: what Amy Acton would give us. May not like the
• 1:08
  Speaker 3: big HB1 visa stand, but guess what? It's going to
• 1:10
  Speaker 3: be a hell of a lot worse with Amy Acton
• 1:13
  Speaker 3: at the county level. I told you there was a
• 1:14
  Speaker 3: meeting tonight for Christine Oliver out in the Middletown 6th
• 1:17
  Speaker 3: to 8th Fire Department. I'm going to be there. I
• 1:19
  Speaker 3: think I can help them.
• 1:21
  Speaker 4: When?
• 1:22
  Speaker 3: You've got one candidate who thinks she knows how to
• 1:25
  Speaker 3: best spend your money. She went crazy when the county
• 1:29
  Speaker 3: commissioners gave a little bit of that money back to
• 1:31
  Speaker 3: the taxpayers. She wants all your money, McNally, all of it.
• 1:36
  Speaker 3: And Christina Oliver is out here trying to save your
• 1:38
  Speaker 3: money for you. So, you know, all politics are local.
• 1:41
  Speaker 3: If you don't get involved with your school boards, your
• 1:43
  Speaker 3: city government, your county government, guess what? Then don't complain.
• 1:49
  Speaker 3: Unless you're going to put your feet in the fire,
• 1:52
  Speaker 3: just sit back, cry about the war, cry about the
• 1:54
  Speaker 3: spilled milk, you know, watch your programs at night time
• 1:59
  Speaker 3: and live life. But if you want to make a change,
• 2:02
  Speaker 3: you've got to get involved. And don't get comfortable. I'm
• 2:06
  Speaker 3: just scared. I'm scared of where I see us going,
• 2:09
  Speaker 3: to be honest with you. It's a lazy Republican Party
• 2:12
  Speaker 3: right now who is not motivated to go to the polls.
• 2:15
  Speaker 3: All they're doing is crying about spilled milk or their
• 2:18
  Speaker 3: Internet went out today or whatever.
• 2:20
  Speaker 4: You know, I'm just worried.
• 2:22
  Speaker 3: I think we need to shake up our base.
• 2:25
  Speaker 4: And it's about a third.
• 2:28
  Speaker 3: All that is, is it makes it easier for the
• 2:30
  Speaker 3: Democrats to win. They are the enemy of the state.
• 2:35
  Speaker 3: And if we don't get focused quickly, we're going to
• 2:37
  Speaker 3: be in big trouble. Because what we're looking at in
• 2:40
  Speaker 3: the rearview mirror, I told you, we're not going to
• 2:42
  Speaker 3: see that train coming down the track.
• 2:44
  Speaker 4: You're going to have.
• 2:45
  Speaker 3: Kind of government that wants more of your dollars. You're
• 2:47
  Speaker 3: going to have a state government that's going to become
• 2:49
  Speaker 3: a global government. You know, forget about the HB-1 visas.
• 2:54
  Speaker 3: They're going to put every card before your own. And
• 2:58
  Speaker 3: they'll want more of the tax dollars. And it's going
• 3:01
  Speaker 3: to filter up to the federal government. I mean, we
• 3:04
  Speaker 3: don't have much going on for us right now, but
• 3:06
  Speaker 3: at least the Democrats aren't in office. And if you
• 3:09
  Speaker 3: think it's bad now, just sit back and watch what
• 3:11
  Speaker 3: happens when they come back in. Because Voters are dumb
• 3:16
  Speaker 3: and they have a short memory. Just think back to
• 3:18
  Speaker 3: four years ago, what would happen? 9% inflation. They said,
• 3:23
  Speaker 3: when they tell us it's transitory, don't worry about it, right?
• 3:26
  Speaker 4: No big deal. No big deal.
• 3:27
  Speaker 3: Well, here we are now. Fast forward four years, we're
• 3:30
  Speaker 3: all bitching and screaming like it's Donald Trump's fault. I mean,
• 3:35
  Speaker 3: we need to wake up, people.
• 3:37
  Speaker 5: Wake up.
• 3:39
  Speaker 6: All right.
• 3:40
  Speaker 3: Get back to mowing the lawn.
• 4:06
  Speaker 4: All right.
• 4:07
  Speaker 3: I know.
• 4:07
  Speaker 7: I know.
• 4:08
  Speaker 3: And I've got to get you focused, too, because you're drifting, too.
• 4:10
  Speaker 3: You're crying over too much milk.
• 4:11
  Speaker 2: I've got plenty of milk.
• 4:12
  Speaker 3: You can afford to buy a lot of milk. You
• 4:15
  Speaker 3: just keep buying that Milo's tea and that milk and
• 4:17
  Speaker 3: don't worry about what you spill.
• 4:19
  Speaker 2: See you later. It's Ted the Conservative. You're on the air. Hello.
• 4:22
  Speaker 4: Hi there.
• 4:25
  Speaker 2: Yes, sir.
• 4:26
  Speaker 4: I enjoy the show. Yesterday was scary as a dickens.
• 4:30
  Speaker 4: I understand that. That kind of wow. That kind of
• 4:34
  Speaker 4: mentality is no good. No damn good. But here I'm
• 4:38
  Speaker 4: going to ask you a question.
• 4:39
  Speaker 2: You mean the people that want to nuke Iran?
• 4:41
  Speaker 4: Yeah, it's just that makes no damn sense at all. That's,
• 4:47
  Speaker 4: I don't know what religion they came from. But anyhow,
• 4:52
  Speaker 4: let's say you and your wife decide we're going to
• 4:54
  Speaker 4: put in an apple tree. Then we're going to put
• 4:58
  Speaker 4: in a pear tree. So you go ahead and you
• 5:01
  Speaker 4: set it up. You paid a man partly or you
• 5:04
  Speaker 4: paid a man fully. And he turns around, and he
• 5:07
  Speaker 4: goes out and digs the holes. Five days later, where
• 5:12
  Speaker 4: are my trees? Oh, somebody on the other side of
• 5:15
  Speaker 4: town paid us twice that much not for you to
• 5:18
  Speaker 4: have your trees put in the ground. The analogy is
• 5:24
  Speaker 4: that money was spent for them windmills for solar power.
• 5:28
  Speaker 4: And he walked in, put the country more in debt
• 5:30
  Speaker 4: by $ 20 million to stop them from deteriorating. I'll give
• 5:34
  Speaker 4: you $ 20 million. Don't put them up. Do you understand
• 5:41
  Speaker 4: which way I'm going?
• 5:44
  Speaker 2: Yes. So you're saying, well, weren't those subsidized in part
• 5:50
  Speaker 2: by the federal government?
• 5:53
  Speaker 4: Right. All he had to do was cut the subsidy off.
• 5:57
  Speaker 2: I mean, as I remember, you're going back several years.
• 6:00
  Speaker 2: As I remember, there was concern, he had some environmental
• 6:04
  Speaker 2: concerns over the windmills in the ocean and what effect
• 6:08
  Speaker 2: that had on, was it fish and, let me just
• 6:14
  Speaker 2: say wildlife, and what a gigantic waste of money it
• 6:18
  Speaker 2: happened to be.
• 6:19
  Speaker 4: Well, as far as a gigantic waste of money, how's
• 6:22
  Speaker 4: your electric bill doing?
• 6:24
  Speaker 2: Well, but see, I would say..
• 6:26
  Speaker 4: The more electric power we can kick out there for
• 6:28
  Speaker 4: the United States, the better off we're going to be.
• 6:30
  Speaker 2: Well, I agree with that.
• 6:32
  Speaker 4: Take a look at the state of Texas. The second
• 6:34
  Speaker 4: highest or the first highest state, not the second because
• 6:37
  Speaker 4: California's first, who have solar energy and windmill energy in
• 6:44
  Speaker 4: their state. In their state, they're the second highest makers
• 6:49
  Speaker 4: of wind and solar power. Now, why aren't they quitting it? Oh,
• 6:57
  Speaker 4: we don't need that because Trump said we don't need it.
• 7:02
  Speaker 4: My other thing is, now, this is kind of picky
• 7:06
  Speaker 4: because I don't understand it. It makes no sense to me.
• 7:11
  Speaker 4: I watch that inspirational channel. It's got the westerns on
• 7:17
  Speaker 4: and stuff like that. And through the course of the evening,
• 7:21
  Speaker 4: I keep seeing these commercials. about the Jewish people in
• 7:27
  Speaker 4: Ukraine are hurting, hurting bad. Well, why doesn't the Jewish
• 7:38
  Speaker 4: group pick them people up, take them out of that country,
• 7:44
  Speaker 4: and move them back to Israel where it would be
• 7:46
  Speaker 4: cheaper to have them instead of what we're doing now?
• 7:51
  Speaker 4: But what about the other people that aren't Jewish It
• 7:54
  Speaker 4: only talks about taking care of the Jewish people. I
• 8:00
  Speaker 4: got nothing against the Jews, but I just don't understand
• 8:02
  Speaker 4: why they have to be so segregated, is the term.
• 8:08
  Speaker 4: And Ted, the conservative, and them other people that call
• 8:11
  Speaker 4: you up, I listen to them. And I have to
• 8:15
  Speaker 4: ask myself, as a point of discussion, not debate or argument,
• 8:21
  Speaker 4: seemingly ever since Reagan... Our debt has continuously gone up.
• 8:29
  Speaker 4: This thing about tax breaks, people who can afford to pay,
• 8:36
  Speaker 4: companies who can afford to pay, and yet we're going
• 8:39
  Speaker 4: to give them huge tax breaks, and it hasn't even
• 8:44
  Speaker 4: begun to lower the prices of the commodity in the
• 8:47
  Speaker 4: United States. My point is, is we're going to keep
• 8:51
  Speaker 4: on buying it, and they know it. So they keep
• 8:54
  Speaker 4: raising their prices. And every year, every year since Reagan,
• 8:59
  Speaker 4: they have made millions, and now they're talking billions of
• 9:02
  Speaker 4: dollars in profit. I don't understand. I mean, he's going
• 9:07
  Speaker 4: to say Republicans are going to turn us to a
• 9:08
  Speaker 4: socialistic country? They throw the communist socialistic country. The United
• 9:15
  Speaker 4: States has always been a socialist country by helping people
• 9:21
  Speaker 4: out who are in need. And yet, I don't understand
• 9:26
  Speaker 4: why these people want to just blindly, as if they
• 9:30
  Speaker 4: have blinders on their eyes, and they can't seem to think, well, maybe, maybe, no, no, no, no, no.
• 9:38
  Speaker 4: And I've met Democrats in the same way. I've never
• 9:41
  Speaker 4: understood that. If the person don't work, get them out
• 9:45
  Speaker 4: of there. And if that person don't work, get them
• 9:49
  Speaker 4: out of there. That's how the American people can take
• 9:53
  Speaker 4: back their government and start control of it. I think
• 9:59
  Speaker 4: I'm done now. Like I said, I don't... Fine. I
• 10:07
  Speaker 4: love you. At least you're willing to stand up and
• 10:11
  Speaker 4: say something that you firmly believe in. But if I
• 10:15
  Speaker 4: were to see him face-to-face, I would ask him those questions.
• 10:20
  Speaker 4: What are the tax breaks really doing for the people
• 10:22
  Speaker 4: of the United States? All these states that have Medicaid
• 10:26
  Speaker 4: and Medicare going on, and now they're getting rid of
• 10:29
  Speaker 4: that Part 5 for getting medication for people who are
• 10:33
  Speaker 4: on Medicare? These people now in the rural districts that
• 10:38
  Speaker 4: have to go miles to see a doctor? These people
• 10:43
  Speaker 4: that are in an emergency and you can't get to
• 10:46
  Speaker 4: a hospital in time to help them because they took
• 10:49
  Speaker 4: that money away. And then this thing about voting, I
• 10:55
  Speaker 4: don't think there's like, what, what was it, 11 or
• 10:58
  Speaker 4: 13 states that just, they could tighten it up. Some
• 11:03
  Speaker 4: of them could tighten it up quite a bit. But
• 11:06
  Speaker 4: the fact of the matter is, now there's little hoops
• 11:09
  Speaker 4: that you may have to jump through just to vote.
• 11:13
  Speaker 4: And granted, all I've got to do is have this ID. Well,
• 11:16
  Speaker 4: then the next thing, they're going to want this ID.
• 11:18
  Speaker 4: Then the next thing, they're going to want that ID.
• 11:23
  Speaker 4: Take a look at the state of Ohio. Take a
• 11:26
  Speaker 4: look at other states throughout the United States, where when
• 11:28
  Speaker 4: they get done checking out the polls and the voting
• 11:31
  Speaker 4: at the end of it, it may take a couple years,
• 11:35
  Speaker 4: and they'll come back with hardly nothing at all that's
• 11:37
  Speaker 4: going to make it or break it when it was
• 11:40
  Speaker 4: finally done. I'm done now.
• 11:47
  Speaker 2: Are you done? You said that two minutes ago that
• 11:50
  Speaker 2: you were done.
• 11:51
  Speaker 4: I was only setting 90 seconds.
• 11:54
  Speaker 2: Okay. Are you done now? Are you sure you're done now?
• 11:58
  Speaker 4: Oh, let me think about that. No, I don't want
• 12:01
  Speaker 4: to think anymore. I'll get a headache, and then I've
• 12:02
  Speaker 4: got to go have Asperger's.
• 12:03
  Speaker 2: All right. Thanks. See you later. All right. He's done now.
• 12:08
  Speaker 2: You're on the air. Hello?
• 12:12
  Speaker 8: Is that me?
• 12:13
  Speaker 2: Yes, sir. It's you. Speak your piece, please.
• 12:16
  Speaker 8: Okay, real fast. I was in Austin town yesterday. Gas was...
• 12:21
  Speaker 8: Over $ 4 a gallon. Today, I went to Struthers. I
• 12:26
  Speaker 8: got gas for $ 3.
• 12:26
  Speaker 5: 69.
• 12:26
  Speaker 4: $ 3.
• 12:26
  Speaker 9: 69?
• 12:26
  Speaker 1: $ 3.
• 12:26
  Speaker 5: 69.
• 12:27
  Speaker 8: They're always the cheapest on 616 and Lyons Boulevard. I
• 12:32
  Speaker 8: just want to tell you that. That's all.
• 12:33
  Speaker 9: $ 3.
• 12:33
  Speaker 2: 69.
• 12:34
  Speaker 4: Okay.
• 12:34
  Speaker 5: Okay.
• 12:46
  Speaker 2: All right, let's see. Somebody sent me, gas price at
• 12:49
  Speaker 2: Sam's Club was $ 3. 61 and nine-tenths. Somebody sent me that.
• 12:53
  Speaker 2: It doesn't say which Sam's Club, if it was Boardman
• 12:56
  Speaker 2: or Niles. Yeah. But my shell station is, what, 440,
• 13:01
  Speaker 2: right there in the corner.
• 13:02
  Speaker 8: Yeah, I was in Austin town yesterday.
• 13:06
  Speaker 2: I mean, I'm seeing it at 429 and 440 at
• 13:09
  Speaker 2: a number of places.
• 13:11
  Speaker 8: Yeah, yeah. So I always go down there to Struthers.
• 13:15
  Speaker 8: I live pretty close anyhow. But they're always the cheapest
• 13:19
  Speaker 8: down there. They're always the cheapest. No matter where you go,
• 13:23
  Speaker 8: they're the cheapest.
• 13:24
  Speaker 2: Well, if you say so.
• 13:27
  Speaker 8: Okay.
• 13:28
  Speaker 2: Thanks.
• 13:28
  Speaker 4: That's all.
• 13:29
  Speaker 2: All right. You're on the air. Hello.
• 13:33
  Speaker 9: This is the greatest threat to the country, Colleen?
• 13:36
  Speaker 2: Yes, yes, this is it right here. It's Fort Lauderdale, Frank,
• 13:41
  Speaker 2: the single greatest threat. Well, he asked me the question.
• 13:43
  Speaker 2: I was speculating.
• 13:46
  Speaker 9: Well, you know, I was not intending on calling today,
• 13:49
  Speaker 9: but the options guy lectured me that I should have
• 13:54
  Speaker 9: bought call options on SpaceX.
• 13:57
  Speaker 2: I've got to watch this guy, though. He said... I
• 14:03
  Speaker 2: got them up on my screen. I haven't watched it yet.
• 14:05
  Speaker 2: It runs, what, an hour, I think. An hour. Let's see.
• 14:09
  Speaker 2: Ron Barron, B-A-R-O-N, a long-term view with Ron Barron, SpaceX
• 14:14
  Speaker 2: and the power of conviction. So he says, I guess
• 14:19
  Speaker 2: this Ron Barron, billionaire investor Ron Barron, and he seems
• 14:23
  Speaker 2: like he's real positive on SpaceX for the long term.
• 14:26
  Speaker 2: So I want to hear what he has to say.
• 14:28
  Speaker 2: I mean, it's just like if you remember, well, you
• 14:31
  Speaker 2: were around Amazon. What if you were on Amazon early on? Remember,
• 14:36
  Speaker 2: Amazon wasn't making lots of money for years. They weren't
• 14:39
  Speaker 2: a profitable company. But what if you would have bought
• 14:41
  Speaker 2: Amazon or Tesla in the beginning? And there was a
• 14:45
  Speaker 2: lot of stocks. I am really good, Fort Lauderdale Frank,
• 14:49
  Speaker 2: at picking stocks in hindsight. I have this great ability
• 14:52
  Speaker 2: of doing it in hindsight. I often say, I should
• 14:56
  Speaker 2: have bought that. Ten years ago. I should have bought
• 14:59
  Speaker 2: that five years ago. I'm pretty good at that.
• 15:02
  Speaker 9: Well, you are pretty good, and I can't say what
• 15:06
  Speaker 9: specific investments that I buy, own, or sell.
• 15:11
  Speaker 2: But since Tesla went from like $ 25, 000 if you had
• 15:12
  Speaker 2: invested to over $ 2.
• 15:13
  Speaker 9: 5 million, they never made a penny of profits. So
• 15:25
  Speaker 9: I'm thinking the same thing with SpaceX. They may not
• 15:28
  Speaker 9: make any profit for years and years, if ever, but
• 15:33
  Speaker 9: you could still probably make a lot of money on SpaceX.
• 15:37
  Speaker 9: But I want to say that, you know, the options
• 15:40
  Speaker 9: guy lectured me that I should have bought call options
• 15:43
  Speaker 9: on SpaceX, but I didn't because when I went to
• 15:46
  Speaker 9: place the order early in the day, it was already
• 15:49
  Speaker 9: up 30%. And then it crashed. So I told people
• 15:54
  Speaker 9: if they had listened to him, they would have lost
• 15:58
  Speaker 9: a lot of money on paper. Now options guys said
• 16:01
  Speaker 9: he originally bought options that make a lot of money
• 16:04
  Speaker 9: as SpaceX goes down. So he changed his story once again. Well,
• 16:10
  Speaker 9: I don't know what to believe with this guy.
• 16:12
  Speaker 4: He claims..
• 16:13
  Speaker 9: He's made billions of dollars.
• 16:16
  Speaker 2: Believe me when I tell you. Believe me. He has.
• 16:19
  Speaker 2: I mean, do not question. He has done extremely well.
• 16:26
  Speaker 2: And we're not here to talk about individuals.
• 16:28
  Speaker 9: Well, did he inherit it?
• 16:29
  Speaker 7: No.
• 16:30
  Speaker 4: Or are these all short-term?
• 16:31
  Speaker 8: No.
• 16:31
  Speaker 4: Trades run.
• 16:32
  Speaker 2: No, he did it through the stock market and everything.
• 16:37
  Speaker 2: And certain companies. And I don't want to get into
• 16:41
  Speaker 2: his specifics. Stand by. No more than I want to
• 16:43
  Speaker 2: get into yours. But stand by. News Radio 570 WKBN
• 16:46
  Speaker 2: and Ron Furb. I'll come back with more at 422
• 16:48
  Speaker 2: in the afternoon.
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• 17:58
  Speaker 2: but anyway.
• 17:58
  Speaker 9: Hey, Ron, I would recommend Options Guy to call John
• 18:03
  Speaker 9: Arnold or Rockport because... I save a ton of money
• 18:09
  Speaker 9: in taxes, and I'm going to give.
• 18:12
  Speaker 4: You a clue.
• 18:12
  Speaker 9: The way to do it is you're going to find
• 18:17
  Speaker 9: this hard to believe. Keep your net worth as close
• 18:21
  Speaker 9: to zero as possible.
• 18:22
  Speaker 2: Oh, absolutely. Absolutely. That's not a bad idea. I don't
• 18:29
  Speaker 2: like to get into talking about money and stocks and
• 18:31
  Speaker 2: all that kind of stuff.
• 18:32
  Speaker 9: Well, by the way, inflation was up last month. This
• 18:37
  Speaker 9: came in for July.
• 18:39
  Speaker 2: Yeah, 3.4, 3.5, right? Yeah.
• 18:42
  Speaker 9: And also, good news for stock investors. We're starting to
• 18:47
  Speaker 9: see a broad-based rally. It's not just AI stocks going up.
• 18:53
  Speaker 9: It's all across the board. And according to technical analysis,
• 18:58
  Speaker 9: when you have a broad-based recovery, that's good news for
• 19:02
  Speaker 9: the stock market over the next one.
• 19:05
  Speaker 4: To three years.
• 19:08
  Speaker 9: Well, I know you got money in the stock market, right?
• 19:12
  Speaker 9: Your 401k?
• 19:13
  Speaker 2: I'm sure I do. I'm sure I do.
• 19:17
  Speaker 9: You may not want to cash out just yet.
• 19:20
  Speaker 2: No, no, no, no, no, no, no, not at all. But,
• 19:22
  Speaker 2: I mean, listen, there are a lot of smart people,
• 19:24
  Speaker 2: and I don't want to get into specifics, but I
• 19:28
  Speaker 2: can assure you that the gentleman you're referring to has
• 19:30
  Speaker 2: made millions of dollars doing it. And make no mistake.
• 19:34
  Speaker 2: And I'm sure you're doing well. I don't dwell on
• 19:37
  Speaker 2: it as far as you guys talking about it because
• 19:39
  Speaker 2: you don't understand when I say this. You guys are
• 19:42
  Speaker 2: at another level talking this stuff that most people don't understand.
• 19:45
  Speaker 2: So you kind of blur out on it. But you
• 19:50
  Speaker 2: should really understand some of this stuff. I mean, I
• 19:54
  Speaker 2: sit here and would say just in general, any person
• 19:58
  Speaker 2: that's out there today should have a Roth IRA. I mean,
• 20:01
  Speaker 2: if you don't know what a Roth IRA is, if
• 20:03
  Speaker 2: you're 20, 30, 40, whatever years old, and you don't
• 20:07
  Speaker 2: put money into a Roth IRA every year, you're making
• 20:10
  Speaker 2: a serious mistake. Because in a Roth IRA, there are
• 20:13
  Speaker 2: no required minimum distributions when you hit 73. And the
• 20:17
  Speaker 2: money you put into a Roth IRA is taxable going in.
• 20:20
  Speaker 2: But all of its growth and earnings are non-taxable coming out.
• 20:25
  Speaker 2: So think about that. Think about the power of compounding
• 20:27
  Speaker 2: something over 20, 30, 40 years, and there's no taxes
• 20:32
  Speaker 2: on it coming out. That is a hell of an
• 20:35
  Speaker 2: opportunity for people. Didn't exist when I was a young
• 20:38
  Speaker 2: guy or when you were a young guy, but it
• 20:40
  Speaker 2: exists today, and people should take advantage of it. That
• 20:43
  Speaker 2: would be my one tip to anybody listening, really, is
• 20:50
  Speaker 2: the Roths are an excellent way to Prepare for your future.
• 20:55
  Speaker 2: Time goes by quickly as you grow older. But my
• 20:58
  Speaker 2: problem is many people don't want to set money aside.
• 21:00
  Speaker 2: You've got to say no to yourself and say, I'm
• 21:02
  Speaker 2: willing to put in a couple thousand. I think you'd
• 21:04
  Speaker 2: put in up to $ 7, 000 a year. But you should
• 21:06
  Speaker 2: put in as much as you can every year, diligently.
• 21:10
  Speaker 9: But the problem is people are hurting so bad, they're
• 21:14
  Speaker 9: withdrawing money from their IRAs and 401Ks. at record rates.
• 21:21
  Speaker 2: To make ends meet.
• 21:22
  Speaker 5: Yep.
• 21:22
  Speaker 2: You are 100% correct on that. But I would ask
• 21:27
  Speaker 2: you this, though. I totally agree with that, incidentally. But
• 21:31
  Speaker 2: sometimes I also think a lot of my peers are
• 21:35
  Speaker 2: unable to say no to themselves. And since my dad
• 21:40
  Speaker 2: always said you've got to live as far below your
• 21:42
  Speaker 2: means as is possible. You should buy a comfortable home,
• 21:46
  Speaker 2: but you don't need a mansion or that type of
• 21:48
  Speaker 2: wasted money. I mean, I just think a lot of
• 21:50
  Speaker 2: people spend money foolishly, in my opinion. That's my opinion.
• 21:56
  Speaker 2: They live at their means or beyond their means. And
• 21:59
  Speaker 2: I'm not saying that if you're restricted on your income
• 22:03
  Speaker 2: that it can't be difficult to save money. Obviously, it can't.
• 22:06
  Speaker 2: Inflation's making us all poorer. I don't disagree with that
• 22:09
  Speaker 2: at all. I don't care what you make.
• 22:11
  Speaker 9: Well, let me say real quick before I go to
• 22:13
  Speaker 9: the important topic, but I believe options guy made a
• 22:17
  Speaker 9: lot of money in stocks, but not options like he claims.
• 22:21
  Speaker 9: I used to be an options broker, not a stock
• 22:24
  Speaker 9: options broker or commodity. And most people, if they don't
• 22:29
  Speaker 9: make a quick profit and quit, and they keep playing options,
• 22:33
  Speaker 9: all of them end up losing money.
• 22:36
  Speaker 2: A lot of these guys made millions with NVIDIA and
• 22:40
  Speaker 2: some of those other... Stocks early on. But I'm going
• 22:42
  Speaker 2: to watch that video he was telling me about. I'm
• 22:44
  Speaker 2: going to watch this Ron Barron and see what he
• 22:47
  Speaker 2: has to say about SpaceX. I just find it intriguing.
• 22:50
  Speaker 2: That's all. Basically, he was telling me Ron Barron was
• 22:54
  Speaker 2: saying that he would buy SpaceX and just sit on
• 22:58
  Speaker 2: it and keep it for a long time. He thinks
• 23:00
  Speaker 2: it's going to– no one knows for certain, obviously, but
• 23:03
  Speaker 2: he thinks it will be a good buy long term.
• 23:07
  Speaker 2: So in your case, you probably wouldn't want to do
• 23:12
  Speaker 2: that because long-term isn't long-term. Or frankly, in my case, too.
• 23:16
  Speaker 2: You follow me? I mean, so, but if you were younger,
• 23:19
  Speaker 2: that's a different story. You don't have, we don't have long-term, Frank.
• 23:25
  Speaker 4: I know.
• 23:27
  Speaker 2: Stand by. Stand by. I'll come back and wrap up
• 23:29
  Speaker 2: with Frank and take more of your calls. 4.30 in
• 23:32
  Speaker 2: the afternoon, Ron Verb from the Kingdom of Mahoney.
• 23:35
  Speaker 1: News Radio 570 WKVN.
• 23:41
  Speaker 12: A man who was out on bond after being charged
• 23:43
  Speaker 12: with rape earlier this year is now being accused of
• 23:46
  Speaker 12: another sexual assault. Whitehall police say Devon McBroom attacked a
• 23:50
  Speaker 12: woman at a UDF store on East Main Street early
• 23:53
  Speaker 12: Tuesday morning. The initial rape charges McBroom picked up in
• 23:58
  Speaker 12: February are still pending as well. Officers say he is
• 24:02
  Speaker 12: back in custody. Meantime, a suspect in custody after the
• 24:05
  Speaker 12: fatal shooting of a man behind a Cleveland auto shop.
• 24:07
  Speaker 12: 44-year-old Aaron Forster was found shot near East 55th and
• 24:11
  Speaker 12: Lexington Avenue.
• 24:12
  Speaker 2: He later died at the hospital.
• 24:14
  Speaker 12: 28-year-old Matthew Cooperwood has been arrested on a murder charge.
• 24:17
  Speaker 12: Two people are in custody after a double shooting yesterday
• 24:20
  Speaker 12: afternoon in the Cincinnati neighborhood of Avondale. The incident happened
• 24:23
  Speaker 12: near Purdue Street and Forest Avenue, and the victims survived
• 24:26
  Speaker 12: the shootings and remain in the hospital.
• 24:29
  Speaker 2: I'm Brady Hopkins.
• 24:30
  Speaker 1: Listen on the free iHeartRadio app for all your music, news, talk,
• 24:33
  Speaker 1: and sports radio.
• 24:35
  Speaker 4: Podcasts, too.
• 24:36
  Speaker 2: Download the app. Free never sounded so good.
• 24:40
  Speaker 1: Now, Ron Verb on NewsRadio 570 WKBN.
• 24:46
  Speaker 2: All right, so make your point, Frank.
• 24:48
  Speaker 9: All right, Ron, I think you should look into this,
• 24:51
  Speaker 9: the Republican Senate version of the NDAA. would create a
• 24:56
  Speaker 9: defense equity investment account allowing up to $ 500 million in
• 25:02
  Speaker 9: direct corporate investments in batteries, critical minerals, and chemicals. Ron
• 25:08
  Speaker 9: Paul says this is using government funds to invest in
• 25:12
  Speaker 9: private companies in exchange for partial government ownership. Ron, I
• 25:17
  Speaker 9: think this is a greater evil. than Democrat socialists dictating
• 25:22
  Speaker 9: to private businesses as to what they can do or
• 25:25
  Speaker 9: not do. Because wrong capital would flow not to companies
• 25:30
  Speaker 9: that serve their customers best, but to those that please
• 25:34
  Speaker 9: politicians best.
• 25:35
  Speaker 2: I would agree. First, I agree with that criticism. I
• 25:38
  Speaker 2: think both of them, the Democrat socialist and what you're saying,
• 25:42
  Speaker 2: are both causes for concern. Deeply causes for concern. I
• 25:46
  Speaker 2: would agree with that. I totally agree with that.
• 25:48
  Speaker 9: You know, Ron, businesses would be incentivized to seek government
• 25:52
  Speaker 9: favors over customers by what's going on.
• 25:55
  Speaker 2: Yep, yep.
• 25:56
  Speaker 9: And you know what? China's Yuan Yifu Gold Exchange Traded
• 26:02
  Speaker 9: Fund now has a market cap of $ 13 billion, larger
• 26:06
  Speaker 9: than another fund called Hu Tai Pine Bridge CSI 300.
• 26:12
  Speaker 9: What that means, Ron, Chinese retail investors... are moving away
• 26:17
  Speaker 9: from stocks to gold. And gold is going up. I mean,
• 26:23
  Speaker 9: this war, Ron, is causing inflation, not just in the
• 26:27
  Speaker 9: United States, but all over the world.
• 26:30
  Speaker 2: Well, it's going to cause problems with food as well.
• 26:32
  Speaker 2: I agree. Thank you for allowing me. Go ahead.
• 26:35
  Speaker 9: Did you hear what Trump announced, what he's going to
• 26:39
  Speaker 9: do to help the Republicans... get re-elected. He's going to
• 26:45
  Speaker 9: basically buy votes. Trump is getting, for example, raising ethanol
• 26:52
  Speaker 9: levels in gas to 15 percent in order to make
• 26:55
  Speaker 9: farmers heading towards bankruptcy like him a little.
• 26:59
  Speaker 2: I don't think I want that much ethanol in my gas.
• 27:03
  Speaker 9: No, it'll destroy your car.
• 27:05
  Speaker 4: Are you kidding? Yeah, you're right.
• 27:06
  Speaker 2: I don't want that.
• 27:07
  Speaker 9: And another $ 12 billion in farmer bailouts to compensate farmers
• 27:11
  Speaker 9: for Trump's destructive trade wars. And Trump Rx keeps generic
• 27:16
  Speaker 9: drug prices dirt cheap. But Trump accounts gives $ 1, 000 in
• 27:22
  Speaker 9: index funds to every newborn child. And Freedom Fuel sells
• 27:27
  Speaker 9: gas $ 0. 32 cheaper than the national average at government backstations.
• 27:33
  Speaker 9: And he wants a 10% cap on credit card rates.
• 27:38
  Speaker 9: So only people like me and you with A1 credit
• 27:41
  Speaker 9: will get credit cards. And screw everybody else. Ron, he's desperate.
• 27:48
  Speaker 9: He's trying to buy votes from us. I don't know
• 27:51
  Speaker 9: if it's going to work.
• 27:53
  Speaker 2: We shall see. All right.
• 27:55
  Speaker 9: Yeah, just like the Democrats.
• 27:56
  Speaker 4: Okay.
• 27:57
  Speaker 2: You're on the air.
• 27:59
  Speaker 6: Hey, Port Lauderdale, Frank. So that $ 1, 000 for the newborns,
• 28:05
  Speaker 6: that was all donated money by the, I don't know, Dell,
• 28:09
  Speaker 6: the guy who created the Dell computers. So, you know, yesterday,
• 28:15
  Speaker 6: and I know that that other guy that, I don't know,
• 28:18
  Speaker 6: Fifth Avenue or whatever his name is.
• 28:20
  Speaker 8: Yes.
• 28:20
  Speaker 6: I mean, he called and ranted and said, raged about
• 28:27
  Speaker 6: that he can't stand listening to the conservatives and he
• 28:32
  Speaker 6: can't stand listening to this and listening to that.
• 28:34
  Speaker 2: No, he didn't say he couldn't stand it. He said
• 28:37
  Speaker 2: he disagreed with it and he explained why he disagreed
• 28:40
  Speaker 2: with it.
• 28:42
  Speaker 6: No, he said it made him sick.
• 28:44
  Speaker 2: Right.
• 28:45
  Speaker 6: And I listen to see there's an awful lot of
• 28:49
  Speaker 6: just blanket statements talking about lies. I would like to
• 28:54
  Speaker 6: know Specifically, because nine times out of ten, if you
• 28:59
  Speaker 6: turn around at an interview and ask them for specific examples,
• 29:03
  Speaker 6: they can't give them to you. They just do the
• 29:06
  Speaker 6: blanket thing. I mean, you know, he went to the
• 29:09
  Speaker 6: no kings rally because he thinks that Trump wants to
• 29:16
  Speaker 6: be a king. On the same token, Trump is so
• 29:19
  Speaker 6: infirmed that he doesn't know what he's doing. Here's the thing.
• 29:23
  Speaker 6: All they do is complain. They don't critically think. It's
• 29:26
  Speaker 6: just all complaints. And that's all I hear from some
• 29:35
  Speaker 6: of these old guys. And they really don't have facts
• 29:39
  Speaker 6: to back.
• 29:40
  Speaker 7: It up.
• 29:40
  Speaker 6: It's all about their feelings. So the interesting thing yesterday, whatever,
• 29:46
  Speaker 6: I saw a Teddy Roosevelt quote. It says, to anger
• 29:51
  Speaker 6: a conservative, lie to him. To anger a liberal, tell
• 29:56
  Speaker 6: him the truth. And they're so upset. about what they
• 30:00
  Speaker 6: hear about Trump or what he's trying to do. Listen,
• 30:06
  Speaker 6: you know, I understand that this war is probably not
• 30:09
  Speaker 6: working out, but they also don't like the fact that
• 30:13
  Speaker 6: the border's closed. They also don't like the fact that
• 30:16
  Speaker 6: we're deporting all these people. They also don't like a
• 30:19
  Speaker 6: lot of the good things that Trump did that's benefiting sending,
• 30:25
  Speaker 6: you know, people into... help clean up these blue cities
• 30:29
  Speaker 6: and trying to help, you know, Americans and put America first.
• 30:33
  Speaker 6: They don't like that either. So I, I just get
• 30:39
  Speaker 6: anxious and anxiety when, when they just start ranting that
• 30:44
  Speaker 6: I felt like I had to rant myself a little bit.
• 30:48
  Speaker 2: You should get all worked up.
• 30:51
  Speaker 6: Well, not, not really. I just, I just, The next
• 30:56
  Speaker 6: time that people just start blanket asking about or saying
• 31:00
  Speaker 6: lies or he did this or he did that, I mean,
• 31:03
  Speaker 6: think about it. The Democrats lied about Trump for months.
• 31:09
  Speaker 6: And the money, they're so afraid, oh, he spent this
• 31:11
  Speaker 6: much money. They spent millions and millions of dollars impeaching
• 31:16
  Speaker 6: him and millions and millions of dollars trying to, you know, buy.
• 31:23
  Speaker 6: Screw them over with lawsuits. And, I mean, but that
• 31:28
  Speaker 6: doesn't bother them. That doesn't bother them. So, because my
• 31:33
  Speaker 6: feeling is, if you ask me, well, you know, what about,
• 31:37
  Speaker 6: you know, the Biden administration and their lies? Oh, I
• 31:40
  Speaker 6: could tell you the lies. We could tell you the
• 31:42
  Speaker 6: lies about him being incapacitated. We could tell you the
• 31:47
  Speaker 6: lies about Hunter Biden's laptop isn't real. and the 50
• 31:54
  Speaker 6: people that they got to swear to it that were
• 31:58
  Speaker 6: all liars. I mean, we could tell you the lies.
• 32:01
  Speaker 6: And it's just like the quote said, if you want
• 32:04
  Speaker 6: to anger a conservative, lie to them. Because we don't
• 32:09
  Speaker 6: mind losing fair and square, but we certainly don't want
• 32:13
  Speaker 6: to be cheated, and we certainly don't want you to
• 32:16
  Speaker 6: lie to us. But the liberals can't stand hearing the truth.
• 32:23
  Speaker 6: I used to listen a long time ago when Biden
• 32:27
  Speaker 6: was the president. I never heard these guys. I never
• 32:30
  Speaker 6: heard them call and complain about the inflation. I never
• 32:38
  Speaker 6: heard them call and complain about, you know, being deceived
• 32:42
  Speaker 6: by Biden or all those. I mean, they lied. They
• 32:45
  Speaker 6: said those the videos were deep fakes or cheap fakes
• 32:50
  Speaker 6: or whatever. And they weren't. They lied to us about COVID.
• 32:55
  Speaker 6: They lied to us about a lot of things. So
• 32:59
  Speaker 6: excuses if we're just a little sensitive about being called liars.
• 33:08
  Speaker 6: And that's kind of all, that's kind of, yeah, it
• 33:12
  Speaker 6: did get me all kind of riled up there.
• 33:14
  Speaker 2: I can tell. It's very disturbing to me. It seems
• 33:17
  Speaker 2: like you're right on the edge. Oh, no. Listen, you
• 33:23
  Speaker 2: better get right to the liquor cabinet and start drinking.
• 33:26
  Speaker 6: You know what? That's a great idea. It's perfect weather
• 33:31
  Speaker 6: for that. I got nowhere to go.
• 33:33
  Speaker 2: There you go.
• 33:34
  Speaker 6: Anyhow, I'm just going to sit here and listen to
• 33:36
  Speaker 6: you for, what, the next hour and 15 minutes and
• 33:41
  Speaker 6: have a cocktail.
• 33:44
  Speaker 2: You'll probably be sound asleep in 15 minutes after the cocktail.
• 33:49
  Speaker 2: Go for me or I will fall asleep. Listen, at
• 33:52
  Speaker 2: your age..
• 33:53
  Speaker 6: All I'll need is J.J. the Trumpster to call up.
• 33:57
  Speaker 2: Isn't it amazing, ever since his electric shock treatments, the
• 34:00
  Speaker 2: amazing transformation that happens with J.J. the liberalist, now J.J.
• 34:05
  Speaker 2: the Trumpster. He's Ben Fetterman! Yes, exactly. Yes, I never
• 34:11
  Speaker 2: thought of that. We've had a Fetterman.
• 34:15
  Speaker 6: From now on, if they switch over and they start
• 34:20
  Speaker 6: making sense, I'm just going to say they've been Fetterman'd.
• 34:24
  Speaker 2: Now, you know, I suspect that J.J. the Liberal deep
• 34:28
  Speaker 2: down is still J.J. the Liberal, but I think he
• 34:31
  Speaker 2: might be one of the greatest actors of all time
• 34:33
  Speaker 2: as J.J. the Trumpster. I'm suspicious of it. I'm letting
• 34:39
  Speaker 2: it go, and I'm trying to look deep into his
• 34:42
  Speaker 2: soul as he speaks to see if this is just
• 34:44
  Speaker 2: some type of great acting on his part, if he's
• 34:47
  Speaker 2: just playing the character of J.J. the Trumpster, or if
• 34:50
  Speaker 2: he really did have electric shock therapy issues. and has
• 34:53
  Speaker 2: switched from J.J. the liberal to J.J. the Trumpster. I
• 34:55
  Speaker 2: will get to the bottom of it.
• 34:56
  Speaker 6: Well, what he's going to find out is if he's J.J.
• 35:00
  Speaker 6: the Trumpster, he's going to be a much happier person.
• 35:02
  Speaker 6: He's not going to be angry.
• 35:04
  Speaker 2: I think so.
• 35:05
  Speaker 6: I think so. Everything's not going to bother him.
• 35:10
  Speaker 2: Right.
• 35:10
  Speaker 6: People will like him.
• 35:11
  Speaker 3: Yes.
• 35:12
  Speaker 6: And people aren't going to call and complain. And, you know,
• 35:15
  Speaker 6: deep down, he just really wants to be liked.
• 35:19
  Speaker 2: Isn't that what we all want deep down?
• 35:21
  Speaker 6: We just all really want to be like.
• 35:23
  Speaker 2: Don't we all just want to be accepted for who
• 35:26
  Speaker 2: we are?
• 35:26
  Speaker 7: That's right.
• 35:29
  Speaker 2: Is it such a big deal?
• 35:31
  Speaker 6: Screaming and hollering and yelling and getting upset.
• 35:35
  Speaker 8: Can't you just.
• 35:36
  Speaker 6: Life is so much better as a truck.
• 35:39
  Speaker 2: Can you just accept some guy wearing a dress and say,
• 35:41
  Speaker 2: you know, he thinks he's a woman. I'm just going
• 35:45
  Speaker 2: to accept it. Nothing weird here. Look the other way.
• 35:48
  Speaker 2: Perfectly normal.
• 35:49
  Speaker 6: That's right.
• 35:50
  Speaker 2: All right.
• 35:50
  Speaker 13: That's right.
• 35:51
  Speaker 7: Okay.
• 35:52
  Speaker 2: Thanks. You're on air.
• 35:55
  Speaker 7: I've been restarted on the drinking already today, so she's
• 35:59
  Speaker 7: got to catch up with me. So I'm a little
• 36:02
  Speaker 7: upset again, but people picking on Trump, and so I'm...
• 36:07
  Speaker 7: I only drank a little bit. I could still have
• 36:11
  Speaker 7: the bottle left. So I hope she can catch up
• 36:15
  Speaker 7: with me.
• 36:18
  Speaker 2: Excuse me, folks. It's J.J. the Trumpster. So, J.J. the Trumpster,
• 36:23
  Speaker 2: why are you so upset today? What is bothering you today?
• 36:26
  Speaker 7: Well, I'm coming to celebrate.
• 36:29
  Speaker 6: I'm celebrating.
• 36:29
  Speaker 7: So I'm drinking and celebrating.
• 36:32
  Speaker 2: What are you celebrating?
• 36:33
  Speaker 6: I got a transfer. I, um..
• 36:36
  Speaker 7: I'm actually in the doctor's office right now. I don't
• 36:39
  Speaker 7: know if they'll see me because I'm drinking today, so
• 36:43
  Speaker 7: they don't know. I still have a couple more treatments
• 36:46
  Speaker 7: to go.
• 36:47
  Speaker 2: Oh, you mean the shock?
• 36:48
  Speaker 7: I'm happy because I'm getting my next..
• 36:51
  Speaker 2: Shock therapy?
• 36:51
  Speaker 3: My next..
• 36:55
  Speaker 7: What are those called?
• 36:56
  Speaker 2: Shock therapy. Electric shock therapy.
• 36:58
  Speaker 7: Yeah, therapy. Yeah, that's what you said. I kept that today.
• 37:02
  Speaker 7: So I just.
• 37:02
  Speaker 6: Wanted to call you.
• 37:03
  Speaker 2: Now, do they hold them like, you know, it's almost
• 37:07
  Speaker 2: like the paddles that they do on your heart. They
• 37:09
  Speaker 2: hold it right on your temple, right? And then they
• 37:11
  Speaker 2: give you that shock therapy or whatever before.
• 37:14
  Speaker 4: Yeah.
• 37:15
  Speaker 13: Yeah, and then they drop me down.
• 37:17
  Speaker 7: They drop me down and... Give me a piece of
• 37:21
  Speaker 7: wood to put in my mouth so I don't swallow
• 37:23
  Speaker 7: my tongue. That makes it a little bit easier. So
• 37:26
  Speaker 7: I've just got to make sure that they turn me
• 37:28
  Speaker 7: on my side so I don't throw up. I don't
• 37:32
  Speaker 7: really drink too much, but me and my friend Jack
• 37:36
  Speaker 7: and Jim Beam are hanging out. I'm actually happy today.
• 37:45
  Speaker 2: It's very interesting, J.J. the Liberal getting shock therapy to
• 37:51
  Speaker 2: become J.J. the Trumpster. But you're getting treatment so you
• 37:55
  Speaker 2: don't fall back into being J.J. the Liberal then, right? Now,
• 38:00
  Speaker 2: the other day, the other day when you called, you
• 38:03
  Speaker 2: were quite upset when people were critical of Trump in
• 38:06
  Speaker 2: the war effort. And basically you said to the people,
• 38:10
  Speaker 2: as J.J., the Trumpster, you said to the people, come on, folks,
• 38:13
  Speaker 2: get on board with the war train, right?
• 38:18
  Speaker 7: I help on the Trump train. It's because they go
• 38:22
  Speaker 7: up on with me, and we'll just.
• 38:24
  Speaker 13: Go, we'll all go down. On November, we'll all vote together.
• 38:29
  Speaker 13: I'll make sure I pick everybody up, and we'll all
• 38:33
  Speaker 13: go down there and vote together. So that sounds, maybe
• 38:36
  Speaker 13: I can even get... Before you.
• 38:38
  Speaker 7: Go in, I know it's your appointment time for more
• 38:41
  Speaker 7: electric shock therapy.
• 38:42
  Speaker 3: But as I understand it, just from.
• 38:43
  Speaker 7: What I've heard, they also want to do a prostate exam.
• 38:46
  Speaker 13: So be careful.
• 38:59
  Speaker 4: Woo!
• 38:59
  Speaker 13: That'll be a good one.
• 39:00
  Speaker 3: They'll buy me dinner first.
• 39:01
  Speaker 7: And that'll be okay.
• 39:02
  Speaker 6: They'll buy me dinner.
• 39:04
  Speaker 7: And they can book and provide me anywhere they want to. Oh,
• 39:07
  Speaker 7: he won't feel it.
• 39:07
  Speaker 2: There you go.
• 39:08
  Speaker 13: I'm coming. I'm coming up.
• 39:10
  Speaker 7: All right, take care, John.
• 39:11
  Speaker 2: All right, it's J.J. the, no, I'm sorry, it's J.J.
• 39:15
  Speaker 2: the Trumpster at his doctor's office getting his shock therapy,
• 39:19
  Speaker 2: that follow-up shock therapy, and a prostate exam at the
• 39:23
  Speaker 2: same time. You're on the air. Yeah, this is.
• 39:27
  Speaker 14: Rhett and Butler.
• 39:29
  Speaker 2: Rhett, yes.
• 39:31
  Speaker 14: I had the call just to set the record straight
• 39:33
  Speaker 14: on something Frank said in relation to the option fellow.
• 39:37
  Speaker 2: Yes.
• 39:38
  Speaker 14: The option fellow, he writes options.
• 39:41
  Speaker 4: I'm not going to get it.
• 39:42
  Speaker 14: I know you don't want to get into the exotic stuff.
• 39:44
  Speaker 4: Of options, but he'll know.
• 39:47
  Speaker 14: If you talk to him, he'll verify what I'm saying.
• 39:49
  Speaker 14: He goes... He sells options, sells puts at a certain price.
• 39:53
  Speaker 14: And if it drops below that price, he's forced to
• 39:56
  Speaker 14: buy it. It's called an exercise. So he was exercised
• 39:59
  Speaker 14: on his SpaceX stock. He did never. And then once
• 40:03
  Speaker 14: he owned the stock, that means he's forced by his
• 40:05
  Speaker 14: broker to buy the stock. So he owns the stock.
• 40:08
  Speaker 14: Once he owns the stock, he could sell call options
• 40:12
  Speaker 14: in which he receives a premium for that. So all
• 40:15
  Speaker 14: of these selling a put or selling a call creates
• 40:18
  Speaker 14: income for him. This options fellow, he will verify this.
• 40:22
  Speaker 14: He would never buy a call, as Frank insinuated. I
• 40:28
  Speaker 14: love Frank. Don't get me wrong on that. But the
• 40:31
  Speaker 14: options fellow, please just verify. I know you don't want
• 40:33
  Speaker 14: to get into that kind of thing.
• 40:34
  Speaker 2: Right, because I won't even debate it. The guy that
• 40:37
  Speaker 2: he's referring to, that Frank's referring to, is a savvy,
• 40:41
  Speaker 2: smart investor, and I will defend him. to anybody out there.
• 40:46
  Speaker 2: I mean, not only do I think he's a great investor,
• 40:51
  Speaker 2: I just think he's overall a decent human being and
• 40:53
  Speaker 2: a good guy. I mean, I enjoy his opinions on,
• 40:59
  Speaker 2: I agree with a lot of his opinions on other
• 41:01
  Speaker 2: stuff as well, quite frankly.
• 41:03
  Speaker 4: Sure. Sure.
• 41:04
  Speaker 14: I mean, at one time I was licensed to sell
• 41:07
  Speaker 14: all this stuff, okay? But I'm just saying, not to
• 41:09
  Speaker 14: take a lot of time on options, but if you
• 41:11
  Speaker 14: go to Wikipedia, do a quick read on options, you'll
• 41:13
  Speaker 14: understand it. The options guy will sell. He's made a
• 41:16
  Speaker 14: lot of money selling options. He might not agree with this,
• 41:21
  Speaker 14: but I don't think he would ever buy a call,
• 41:23
  Speaker 14: as Frank said. Buying a call is like walking into
• 41:26
  Speaker 14: a casino and playing at the tables. Selling calls and
• 41:30
  Speaker 14: puts is like being the casino, being the house, right?
• 41:34
  Speaker 4: Yeah.
• 41:34
  Speaker 14: Okay, the smart money sells. If you have the stock,
• 41:38
  Speaker 14: you can sell the calls. If you think you might
• 41:41
  Speaker 14: want to buy the stock, you.
• 41:42
  Speaker 4: Can sell the puts.
• 41:43
  Speaker 14: If it goes below or above your price, respectively, you're
• 41:46
  Speaker 14: forced to buy or sell the stock. And you have
• 41:49
  Speaker 14: to cover, if you're going to buy it, as in
• 41:51
  Speaker 14: selling a put, you have to have cash to secure that.
• 41:54
  Speaker 14: So if you're going to buy $ 20, 000 worth of stock,
• 41:57
  Speaker 14: you write a put for that stock. You've got to
• 41:59
  Speaker 14: have the $ 20, 000 in the account ready to buy that stock,
• 42:03
  Speaker 14: which the options guy does. I just, my main point,
• 42:07
  Speaker 14: I had to call to set the record straight on that.
• 42:10
  Speaker 14: You know, I admire what you do with the... defending
• 42:14
  Speaker 14: the regular folks and all of their financial situations and
• 42:18
  Speaker 14: various things.
• 42:19
  Speaker 2: Stand by, stand by. Just hang on one second. I'll
• 42:21
  Speaker 2: let you finish right after this. All right, let me
• 42:32
  Speaker 2: let you finish up with what you were saying.
• 42:36
  Speaker 14: Yeah, as I said, I really admire your going to
• 42:38
  Speaker 14: bat for the little guy, so to speak, okay? But
• 42:41
  Speaker 14: this is like a public service kind of a thing.
• 42:44
  Speaker 14: I just wanted, so the securities industry used to be
• 42:47
  Speaker 14: governed by the NASD, National Association of Security Dealers. Now
• 42:52
  Speaker 14: it's under an organization called FINRA, Financial Industry Regulatory Authority, right, FINRA?
• 42:58
  Speaker 8: Yes.
• 42:59
  Speaker 14: So if you are looking to invest your 401k or
• 43:02
  Speaker 14: looking to do business with somebody with investments of all kinds,
• 43:06
  Speaker 14: that'd be funds, stocks, whatever, ETFs, You go to FINRA's website,
• 43:11
  Speaker 14: and you go to the broker check section. It's right
• 43:13
  Speaker 14: at the top. So what you'll do is you put
• 43:16
  Speaker 14: in the name of the person that you deal with,
• 43:18
  Speaker 14: or you put in the person that you're prospectively going
• 43:22
  Speaker 14: to deal with, and it'll come right up with a
• 43:24
  Speaker 14: list of the firms that they were with over the
• 43:27
  Speaker 14: many years that they were licensed, and it'll come up
• 43:29
  Speaker 14: with customer disclosures or customer disputes. They're all listed. Now,
• 43:35
  Speaker 14: most brokers or investment advisors, 80% of them have zero
• 43:39
  Speaker 14: customer disputes, right? In many cases, there were fines, sometimes
• 43:45
  Speaker 14: substantial fines for people who've misled customers, done unauthorized trading,
• 43:50
  Speaker 14: things like that. So if there's anybody who's dealing as
• 43:53
  Speaker 14: an investment advisor or a broker, you go to FINRA,
• 43:56
  Speaker 14: go to broker check, put their name in, and you
• 43:59
  Speaker 14: will see everything that they've done. If they've been to
• 44:02
  Speaker 14: like eight or 10 firms, that's usually a problem, okay?
• 44:06
  Speaker 14: if they've got five, six, eight, ten customer disputes or
• 44:10
  Speaker 14: actions under them, especially ones where they've been fined or
• 44:13
  Speaker 14: they've been fired or they've been asked to leave a firm,
• 44:17
  Speaker 14: that's a problem. I would think you wouldn't want to
• 44:19
  Speaker 14: deal with that person. Secondly, of all of the vehicles
• 44:26
  Speaker 14: out there, you've got mutual funds, exchange-traded funds, ETFs, managed accounts,
• 44:31
  Speaker 14: et cetera. Those are all regulated by the SEC under
• 44:35
  Speaker 14: the Know Your Customer Rule 1933 Securities Exchange Act. The
• 44:42
  Speaker 14: broker or investment advisor is required to know the customer's
• 44:45
  Speaker 14: situation completely and fulfill all the disclosure requirements. A hedge fund,
• 44:51
  Speaker 14: unless it's particularly if it's under $ 150 million, is largely unregulated.
• 44:58
  Speaker 14: It's a completely different category than a broker or an
• 45:01
  Speaker 14: investment advisor. somebody who's running a hedge fund does not
• 45:06
  Speaker 14: have to fall under FINRA, particularly if it's under $ 150 million. And, look,
• 45:13
  Speaker 14: I just wanted to say I really enjoy your show.
• 45:15
  Speaker 14: And I know you and I are about the same age. And, honestly,
• 45:20
  Speaker 14: the local radio has got a lot of value, and
• 45:22
  Speaker 14: I'd be sorry if.
• 45:24
  Speaker 4: It goes away.
• 45:25
  Speaker 2: Well, it will in time. Unfortunately, that's the direction it
• 45:27
  Speaker 2: seems these large companies are going. But it's here for now.
• 45:31
  Speaker 2: I appreciate your time, and I thank you a great
• 45:33
  Speaker 2: deal for your call.
• 45:34
  Speaker 8: Thank you.
• 45:35
  Speaker 4: Thank you, Ron.
• 45:35
  Speaker 2: You got it. NewsRadio 570 WKBN and Ron Verb. We'll
• 45:38
  Speaker 2: pause for the headlines here at 5 o'clock. We'll come
• 45:41
  Speaker 2: back with our final hour. Ron Verb from the Kingdom
• 45:44
  Speaker 2: of Mahoning. Yes, I am. On NewsRadio 570 WKBN. As
• 45:48
  Speaker 2: they say in the world of showbiz, don't touch that dial.
• 45:51
  Speaker 2: Don't you dare. We're coming back with more. Call us
• 45:53
  Speaker 2: in line. Stand by. Ron Furb going to go on
• 45:56
  Speaker 2: out and check in with Mike Miller out at the
• 45:58
  Speaker 2: coin shop.