Aligning Investments with Values

Did you ever think if I had all the money in the world I would will you fill in the blank of the truth as Christians hold a massive amount of the world's wealth.

Now the question is what are we doing Bible says that God provides not just for our needs but that we might expect to horrify him today host Rob West talks with financial advisor Rachel McDonough about the power of money that your calls on anything. Later in the program.

800-525-7000 800-525-7000 nine Steve Moore aligning investments with snacks right here on moneywise. Rachel is a certified financial center and a certified kingdom advisor and she made a career of teaching believers.

Other investments can have a positive influence in the world what's exactly right Steve am delighted to have her today because this is a really exciting and growing segment of the investing landscape Rachel… Joy to have you on the program.

Thank you so much for having me.

I'm glad to be careful. Thank you for coming and you've been on a mission personally for nearly a couple of decades to change the way Christians think investments but really I want you to take us back a bit because my understanding is this all started on a trip to Kenya when you were a small child to start their train ride. When I was 10 years old. My parents were called to the mission field, and so we moved to Kenya and I move back and forth a few times but spent a total of about four years there and it was really there in Nairobi. Actually the first time that I encountered people who were living in poverty where this idea of wealth and capital having influence really hit home for me so picture with me for a moment. I'm 10 years old. I don't have a job but I do have some money in my pocket and onto some allowance money and that kind of danger and a street kid in Nairobi comes up to me was also probably about 10 years old and asked me for money. At that moment I realized I couldn't have articulated in this way when I was 10, but at that moment I began to realize that capital has influence in that as a believer or person of conviction values. We really need to be careful with how we use it and to be sure that when we happen to be the one holding onto the money that we use it in a way that has a positive influence for the lives of others. Love that God owns it all and he does were a manager money is a tool than a tool to accomplish what right to what end that's what you're getting at here. Okay, incredible story. Obviously, that had a foundational effect on you in shape you in the years following. Then you choose financial services as a career. What made you choose. While I was an unlikely financial advisor to be truthful. My parents were missionaries there wasn't any family money to start out with him. There wasn't a past career where I can tap a network of former colleagues was young, but I knew that God was calling me to do it and he confirmed it to me in several different times and so what I came to realize is that God was calling me to be a financial advisor and to help people connect money with meaning and so not to just have a focus on preparing for retirement or making sure we take care of estate tax planning and think but really helping people connect money with meaning, and also telling people the truth about the deep connection between their investing and their personal values love that we go just about a minute left before first break give us some context here how much wealth do Christians hold today and to take it a step further. What challenges do you think that poses believers across the globe actually manage a cumulative $150 trillion. And of course as Americans we are one of the wealthiest nations, and about half of that actually is American Christian wealth and so for any of our listeners who might not feel like they're rich and I just want to encourage you to realize that actually, if you make more than $50,000 a year for your household income here in the top couple percent of income earners in the entire world is really an opportunity for us here is believers to start being intentional with how we invest the wealth that's been put into our hands by God.

When that's the key it's intentionality, perhaps not just falling into the same patterns we've always been related to our investments, but perhaps thinking differently Rachel. It's an exciting time because there is an investment landscape today. That's entirely different than even just a few years ago in the survey-based investing is trying to be just Slim Pickens to find a faith-based mutual fund.

They were very many to choose from and it's not that way anymore.

Talk all about it. Right around the corners.

Try Rachel McDonough is our guest today. She's a certified kingdom advisor and self-described unlikely advisor to someone with her figure out just how to put our money where our meeting this is moneywise.

Many people are experiencing financial challenges such as credit card downsizing that in jobs saving more than half of all divorces are the result of financial pressures at home, but there's hope your money counts biblical financial expert Howard shows that the Bible is a veritable managing your finances will discover the profound relationship your money count is available when you click the start button moneywise live you have money in a retirement account for just a general investing. You know, the stock market sometimes is possible to enjoy both profit and peace of mind and investing no matter what's happening.

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About 80% faster while honoring your debt info. For more information on how Christian credit counselors can help visit Christian credit counselors.org Christian credit counselors.org or call 800-557-1985, 800-557-1985 four today it's moneywise live her hostess, Rob West, I'm Steve Moore and today were speaking for a few minutes with Rachel McDonough. She's made a career out of teaching Christians believers how their investments can have a positive influence in today's world look like to connect your money to meaning it can be done in your planning.

It can be done and how you allocate your spending weeps that every spending decision is a spiritual decision because at its core, where managing God's money, but what about your investments. Can you also connect your money to meaning. In that context as well. Today Rachel McDonough is going to tell us exactly how to do that in Rachel. You've obviously been on this journey quite a while before even some of the recent rise in the faith-based investing universe. So what's been your experience with believers that are investors over the years and share both perhaps the encouraging side and maybe even some of the disappointing side as well. One of the things that I think is really beautiful that's come out of the faith-based investing discussion with clients is the ability to stay the course with their investments even when markets are choppy that an investor who understands that their capital is being put to work in positive influence type of companies who are producing goods and services that are truly a blessing for humanity. They understand that that philosophy of investing is based on something that's not going to change that helps them to stay the course to the good times and the bad times when the markets are up or down yeah exactly and that's a biblical principle as well. Right we should have that long time horizon, but this added connection of deploying our capital, perhaps for even kingdom purposes certainly would affect how we view our long-term investments while we talk about Rachel with our listeners as I know you understand. Well, this idea that there's various approaches to allowing your values to be reflected in your investments. Perhaps there's companies you avoid because certain things they do with corporate profits or even primary business activities would be in conflict with your faith, or values companies you might embrace because they're making a difference in the world, or even having a kingdom impact or even shareholder engagement. Let's start on the avoid side if someone were to completely eliminate companies that do harm from their portfolio.

What effect would that have perhaps on their returns. That's been a much disputed matter.

But the truth is a recent research study came out from the BRI Institute Stanford that will be responsible investing and they went back and did a 20 year snapshot ending in the year 2019 and said what if we did a very rigorous screening and took out a lot of negative companies, even those that might pass muster for another investor, and they found that actually a 20 year performance snapshot for the screened portfolio versus the conventional was almost identical interesting.

So that takes off the table immediately. This idea that we have to sacrifice returns in order to live out our values in terms of our investments, but I know that doesn't tell the whole story about what might we expect from actively investing in companies embracing companies that have a positive impact on the world. Great question that do a good job and serve their customers well can expect to experience tellings of referrals repeat business customer loyalty and so on and so actually that provides a very natural way for those investments to tend to outperform over the long. Rachel, what do you think would happen if Christians pull that hundred and 50 trillion out of the companies that do harm like the tobacco industry. For example, what, what changes, if any, would we see while tobacco is a great one to look at because we have seen a huge decrease in smoking among youth in the United States over the past few decades, but what we don't know as Americans is what's happening in other countries. So right now if you go to a country like Indonesia free cigarettes are routinely given out to children at concerts and sporting events, so it's easy for us as American Christians to say that we care about what's happening in other countries and to say that we love our neighbor, but if were investing and profiting from those things you know it really is a conflict for us and want to flee with the other millions of Christians across the globe pulled all of our hundred and $50 trillion of Christian managed dollars out of the tobacco industry and started finding things like finding cures for lung cancer.

For example, are other technologies that can save lives incredible to think about Rachel.

The influence there just based on the money that's represented by the group you're describing believers Rachel for many of our listeners. This might be a brand-new concept. They had no idea that their values could in fact be reflected in their portfolios in the way you're describing where would they go to learn more and how might they pursue this type of investing strategy.

It can be overwhelming for a do-it-yourselfer and I'll admit because it's taken me as a professional financial advisor several years to really get confident with the strategy that I use sensei for any investors are looking for a financial advisor has been to be skilled in this area, we would hope that the CK search field on the kingdom advisor's website would be a good place for them to reach out to certify, can you advisor this at least be knowledgeable and going to faith-based investing.co.com but cold so faith-based investing that coal would even get a more specifically vetted group of advisers that have said this is the primary focus of their practice to pursue that double bottom line the financial return as well as the kingdom impact of the Rachel for somebody who wants to understand a bit more about how this works and give them a sense of what it might look like as an advisor builds a portfolio and they want to do this type of screening out of companies or screening and of other companies how to go about.

There are some great tools now available screening tools. There are consultant groups that can help advisors or investors to put together portfolios that align with their values. The one thing I want to just be sure I encourage our listeners today is that this is not top of mind for most of us and I know that when you go to talk with your advisor when you look at your portfolio you're looking for. Am I going to be ready for retirement time. I can have enough, those of the things that are top of mind that this is actually an area of huge concern and an area of huge opportunity for believers who want to have a positive impact because for most of us the dollars that we give away to charitable causes are just not nearly as substantial as the ones that we have to save for the future. Will I know it's an exciting time.

You know the secular counterpart to this is something called ESG, environmental, social and governance investing, but really a subset of that is this idea faith-based investing were you want your values reflected, and we've already seen a rise in the space of the cold that has accelerated that a recent study, I saw just a couple weeks ago Rachel said ESG investments will represent perhaps as much is $50 trillion by 2022. Do you see this space, including faith-based investing continuing to grow. I do not tell our listeners. One way that they could help it grow, being sure to mention to your financial advisor that you're interested in aligning your investments with your values. We have a research study from Morgan Stanley that shows 85% of investors are either somewhat or very interested in values alignment investing even more so for millennial's, but advisors when they are pulled say that their clients are not asking about this yet, so be sure you do tap your advisor and say hey this matters to me that's a big idea because given the opportunity. What we find overwhelmingly is that Christians would choose this investment strategy. Perhaps they just don't know.

It's possible exactly and we need to do a better job as advisors to get the word out. Well Rachel were so glad that you stop by today appreciate you shedding light on this exciting and growing segment of the investing landscape look forward to have you back sometime. Thanks, Rob Richard McDonough has been our guest today. She is a certified kingdom advisor and a certified financial planner with make your money count.com. We hope that you get your calls next. 800-525-7000 800-5257 Steve Moore will be right back. This is money wisely. Many people adopt an attitude toward marriage and finances that it will all work out somehow. But sadly, it often doesn't financial woes can devastate a marriage but there is a better way. God's way, money and marriage God's way by Howard Tate will help you discover God's approach when your finances strengthening your relationship with your mate and cultivating godly joy, money, and marriage counseling is available for moneywise live.org will moment in your life, your life promise you will for your life can't explain anything.

Just a second word in the Greek language and you think so so when we got all this experience. Do you know if you have enough money house. You know how much is enough. If not, one blue can help with this book.

Master your money a step-by-step plan for experiencing financial contentment. Learn how to save and invest and give wisely create a long-term financial plan and how to get out of debt. Find it all. Master your money by Ron blue available when you click the start button moneywise live.org with us today was your last more from Proverbs 20 Proverbs 20 verse 23 unequal weights are an abomination to the Lord and fault skills are not good reminder that for the Christian total honesty really is the only way Rob, I see a sticker on your either you bought a new sweater and forgot to take that peg off or you went and voted today. What when I went and voted today, early voting, studying for privilege and honor to build a cast my vote as I did that today you will, in the old days in the old day. I'm talking like Benjamin Franklin, you know.

They used to give you either a cookie or don't when you voted.

You have to remember they well they gave me things to that bottle of water and I got all kinds of snacks, the other waiting outside. You voted Chick-fil-A goodness gracious compound of my family I guess so you know in your case, if you know vote often. You know the particulars around lunchtime and what's at stake, State College, Pennsylvania, Haley, Roy, thank you very much for holding Sir.

How can we help you. Thank you. Like all I really much like my question is I think I made by a lot of off you option. I'm not blaming him or anything but I chose to put about 1/3 of my IRA and put it in on and I'm not was a mistake. I lost around $9000 in aim to come back at all and not know if that's typical sore sure my question about your age and stage if you will.

What is your agent. Are you working are you retired was going on yeah yeah my wife and I are both 65 or 66 I'm sorry and will and will help you tonight when one security.

Early in the little farm in my life that men come down need any money other than not following okay very good. Well, I don't think is necessarily mistake to have 1/3 of your investments in bonds like your bond securities, especially with mutual funds. We have a basket of bonds are not buying individual bonds to have good diversification. The bond prices have been falling. But that doesn't mean you're not earning income off of that you would be earning the yield and so that would add to the overall increase of the portfolio even though you have potentially unrealized losses in the price of the underlying bond fund itself probably doesn't include what you been earning as some income coming into the portfolio alongside the growth aspect of the portfolio, which if I understand you is two thirds of the overall portfolio.

So the question is what is the right allocation of fixed income for you given your age and stage of life. What are your goals and objectives. And if you don't need the money right now, you're not living on it. You have other income sources. This is money that just growing for the future than I like the idea, especially now that you both are 65 of you not being fully attic allocated to the market. You just don't need to be.

You've amassed wealth to having a portion of that in fixed income type investments even though yes to pending on what's happening with interest rates. You could see the underlying value of the bond or the bond fund decline. It's still providing income into the portfolio that's helping to supplement the gains that are happening on more the equity side of the portfolio. So I think the question right now, perhaps, is to know that you been in this for a while.

Visit back with your financial advisor and just revisit your objectives. What is it you're trying to accomplish. What is your desired risk level. What is an appropriate return for your portfolio. Overall hundred percent of the portfolio and then are you in the right allocation to deliver those results and recognize that the stock portion may be up or down at any given time.

The bond portion may be up or down at any given time, but overall you're in an appropriate level of risk and hopefully over the long haul not in any six-month or even 12 month.

But over 3 to 5 years or more, you're achieving your desired results.

You have the right amount of liquidity and that money as they are growing for your future but also providing you know I have been the amount that could be tapped if you needed to access the funds beyond the income that you have coming into the portfolio.

Does it make sense that we were and understand the bond market that well I guess I think you mean I really like the God help me out with one of you bought one of your the KA where okay good job like five yeah well I think that's the key is just, perhaps revisiting that with him open that line of communication to say help me understand, why were in this allocation, or perhaps why you suggested. This is an option. And do you think I'm in the right mix of investments. Given what I'm trying to accomplish and how should I view each of these asset classes in any given market cycle and perhaps a little more education will lead you to be prepared for the ebbs and flows, but I think the key is to take a long-term perspective.

And that's where you can win in the end, and the Leroy. We appreciate your phone call today. Thanks very much. And here's our phone number 800-525-7000. If you want to talk about budgeting, or maybe finding a balanced biblical lifestyle church giving what about planning for a major purchase a house or a car we could talk about all those things and much more phone numbers 800-525-7000 have a brief email question from Robin you want to send that along that addresses questions moneywise.she will be right back with more, how should we as Christians think about what if we could invest our money in a way that aligns with what we believe that Eventide we believe it is supposed to love God and love our neighbor in the very practice of investing we decide investments for performance and better world so you can invest for the future with a sense of wholeness and purpose. We call this investing that makes the world rejoice. More information is available@investeventide.com Christian healthcare ministries enables believers to meet their healthcare costs affordably, biblically and compassionately. It's not insurance but a voluntary cost-sharing ministry based on the biblical sample of Christians sharing each other's needs and members are defined under the law for not having health Christian healthcare ministries might be your health cost solution call 800-791-6225 or visit CH ministries.org 1990s major radio for 13 remember those who spoke the word of God considered their way of life today.

Things are always happening. The radio God is at work at listeners all around the monthly online newsletter uplift is changed in order to bring more listener stories more program updates and more listening resources be among the first to know about radios going out. Check out the old newsletter uplift subscribe to my movie radio.org my radio the financial wealth you leave behind could be the best thing that ever happened to your loved ones or the worst in splitting hairs. Given your money and things to your children without ruining their lives.

Ron blue explains why it's working to make these decisions now, instead of forcing your heirs to do it later. Splitting hairs will foster a real appreciation for the precious resources that God has entrusted to you. Some drugs, presidential candidates are busy on this Friday, four days before the election of Pres. Trump and Joe Biden are both blitzing the upper Midwest. The president is making stops in Michigan, Wisconsin and Minnesota. Biden will be visiting Iowa, Minnesota and Wisconsin. All health centers Lori Locklin reporting to a California prison begin serving a two month term in the college bribery case strong earthquake in the Aegean Sea between the Turkish coast and the Greek envelopes almost collapsed buildings in western Turkey, killing 14 people, injuring over 400 earthquake official so your small salami struck south of Izmir like saving time ends this weekend. Set your clocks back one hour early Sunday sharp drops on Wall Street that offer 157 points that aspect was off 274. This is SRM use thinking about this today. I was taking your calls, your questions or comments conundrums anything you want to chat about this is a good time especially since we have a couple of lines open 800-525-7000. Let's continue on, Ellis, Kansas Roger Ward, what were you thinking about today sir. I put some money into a Roth IRA through my property and casualty insurance office like got their securities licenses and I wondered if you can you tell me anything about BlackRock. That's where this particular insurance company that's true, they partner with further investment side.

It's a massive money manager. In fact, the last jacket was the world's largest over $1 trillion, so they they manage a lot of money to have some world-class mutual funds and investment managers, and you'll be able to have full body of options to select that would be commensurate to your goals and objectives obviously know any investment that has risk and can lose value. So the key is to among that money management firm among that mutual fund company finding the right mix of investments among the options that are provided to you to match your goals and objectives your risk tolerance.

But that's a world-class money management firm with the with world-class investment solutions.

Canadian firm is that correct. I didn't think they were. I thought they were US-based.

I could be wrong on that, but I'm almost certain that they are based here in the United States just like you would find nothing, nothing. What's causing my question. Another minute I listen to your ministry other ministry that I listen to didn't have anything good to say about BlackRock and even though they are the largest gathering center of the largest many more assets than anybody looking for sure.

I think the question Roger is what what is it you're trying to accomplish, because you know they have S&P ETF's and know you can look at any kind of number of investment solutions inside BlackRock. I think the key is are you trying to align your investment selections with your values and if so, you know you wouldn't find faith-based investment solutions firm like BlackRock you're gonna find more traditional investments that don't have positive or negative screening meeting. Probably not unified investment options where you can screen out companies that might be objectionable to somebody with the Christian values, you're probably not gonna find fund inside the BlackRock family were you can screen in companies that are making a kingdom impact necessarily.

Now they'll have a whole line of sustainable investment options in the space of ESG environmental, social, and governance. In fact, they have a number of those solutions but you would be able to lean into that, but that's kind of the secular approach to what we would call faith-based investing.

So depending upon what you're looking for. There you'll find plenty of traditional investment options and you could build a portfolio of five things that really meet your goals and objectives in terms of having faith-based screens or not. To find out there and in terms of what BlackRock is a company might be doing with their profits in terms of what organizations they're supporting. I wouldn't be able to speak to that. I just don't know but I will point you to a solution. You could check that out. It's called inspire.

Think forgetting the name of the URL.

I'll get it will give it to you for the segments but it's the inspire organization and they just come out with a brand-new site for you to screen your investments and you would be able to search therefore BlackRock if you wanted to find what they were doing with their corporate profits. I just found it. It's inspire insight.com so that would be an option for you to check out Roger. We hope that helps you. Thank you very much and obviously read we don't want to necessarily make up someone's mind for them, but we we fall on the being thoughtful and spiritual side of our investments, wanting to put our money work with companies who are doing things that are godly, represent godly values and may even have an impact for Christ around the world and while that may sound difficult these days.

It's not really difficult at all right more than a few people doing this kind of thing.

Well that's exactly right Steve. For me there's more options than ever before for you to align your investments with your values and so I think as believers, the starting place is to say what is my conviction around investing recognizing I'm an owner, albeit a very small percentage wise owner of a publicly traded company, but when I own shares of an owner and how do I want to reflect my values and that do I want to own a company and then reflect my values by shareholder engagement voting proxies and maybe attending the annual meeting calling investor relations do I want to avoid certain companies and vote my values that way by abstaining or do I want to intentionally opt into investments that reflect my values because the countries that I'm invested in align with biblical economic principles are the companies are having some sort of a social or kingdom impact through their work. Any number of options are now available today that have never been available before, so I would encourage you to ask your financial advisor about faith-based investment options at that something that you're interested and you'll find information about these kinds of organizations because we interview the interview. Many of them and talk with many of them routinely. Just visit our website which is moneywise live.org search around there you'll find lots of good information, ways to connect URLs things like that moneywise live.org Henning, Minnesota Rebecca, how can we help you pretty well transferred over my my 401(k) money to you to work with many years ago and wanted and he had to get me off into an annuity anything about it and then I think you guys Monday and you weren't crazy about it and felt I would like to hear your thoughts on if I should try and move our fair well Rebecca talk me through, what your understanding was of why you made the move from the retirement account.

I assume it was in a 401(k) and you rolled it out and moved it into a retirement annuity would you feel like you are accomplishing by doing good and I don't know much about handling sure well here's what I would say there's nothing inherently wrong with the decision you made and I'm not saying it wasn't the right move for you or that there was some real ill intention with making that recommendation to you. The reason we talk about working outside of annuities is just because they tend to be complex. They tend to be expensive and I would prefer folks to just invest in traditional investments as opposed to using insurance contracts apart from a few specific examples and so inside a retirement account. You already have. In a sense the tax advantaged vehicle whereas you either got the deduction and the taxes are being deferred until you withdraw them in retirement or you have a Roth type of investment where it's growing tax-free already paid the taxes so you don't need the tax benefits of the annuity so that it comes down to the investments and I just think you can do better over the long haul. Without the Dragon fees and commissions, but I think the starting point is to go back and say why am I in this. What is it doing it.

Is this the right place for me in this money and life run on the same track. Unfortunately, sometimes it seems like your money is heading in a different direction from your goal, and never enough three keys to financial contentment. Author Ron blue helps you to break down all your financial options to a basic floor and then shows you how to keep it all chugging along in the right direction on the same track never enough three keys to financial contentment available when you click the store button@moneywiselive.org hi I'm very glad I'm here to help you understand how urgent it is a sugar for every up to the eyes of a layman who is God place in your life so we can love them through you, your neighbors, coworkers, your kids teacher. The gardeners consider this, you may be the only Christian their lives and their confidence is no question God place in their lives to share his love is quite amazing when you think about. Best of all, sharing the truth of God's love is something that requires training, you don't need to be a Bible scholar brand-new Christians are often the best because of their passion. Ask God to help you love all the people he puts in your life. Pray for those who did not do the right timing, boldness to talk to them. Sometimes you wonder where the word useful came from God always gives you the right words to say would you there is nothing more exciting than knowing God is using you to move people closer to join is not America sales for grandparents matter. Grandkids matter. We have a vision for how grandparents can influence families and really our entire culture.

For me it's captured in a series of what if questions grandparents with wisdom of passion stepped forward and sought to change the world one grandchild at a time when grandparents gave himself, sacrificially, and prayerfully making practical investments of time and their grandchildren's lives. What if, through their example and leadership. These grandparents expressed the unconditional love and accept there so good at, especially during a crisis. What if the list of what grandparents can contribute goes on and on and you can see a lot more about what we're doing for grandparents, grandkids, matter.org look us up on Facebook you like your life to be infused with joy. Would you like to interject a journal dimension into even the most ordinary day on the radio says you can when you discover the treasure principle and a concise powerpack style is newly revised and updated book offers a six step plan to finding the immediate pleasure and eternal treasure what you discover. Life will never look the same treasure principle is available when you click the store, but moneywise live.org today is called regular basis who have made a choice in the best choice for the long haul thing.

Your position if that's your case if you're wondering if you could go back and make changes. Maybe you're even embarrassed to go back and make changes.

What's the best way to that. Yeah, you know, I think we can. There's always changes that can be made now. Other not implications. Sure mean when you get into insurance contracts in particular does limit your options in order for your money out there may be fees.

There may be surrender charges. You may need to wait a period of time for the surrender charges to decline so that you have access to make a change but bottom line is just do your due diligence get to godly counsel along the way before you make decisions and then you don't look back and say we always look forward and we recognize were stewards of God's resources. We make the best decisions we can sometimes will make mistakes, but we can always know take another turn around the corner and perhaps align our investments differently the next time, but I would be terribly concerned about changing your mind, that's for sure. Indianapolis hello Pam, how can we help you today. I talked to my church which I wondering according purpose that what you thought they got back in the day I did the day they received it.

Yes, well it's it's a great question and it's something great to do and you would typically take the deduction for the full fair market value of the transfer and it's based on the date of the transfer and so you would look up the value on the date that it transferred out, the closing price of that particular investment and you would be able to deduct as a qualified did the deduction because you were giving it to charity, a not-for-profit organization 501(c)(3) of the full value of what you transferred and then what it does.

After that, whether it increases or declines has no effect on you and one of the primary benefits is that you're missing the capital gain because you don't have to realize that the sale of the security and if it's at a profit where you would normally pay a capital gain, short-term long-term you skip that and so you get the full value of the deduction prior to any taxes that would have been taken out.

It had you not made that direct gift of stock to your charity so I would talk to your tax preparer, CPA about this transfer that was made.

Let them figure out exactly how that needs to be reported you. I always want to seek professional counsel, but essentially that's the way to work so you don't have to worry about that with the basis cost was or any of those things it's just the market value at the time you transfer the stock sector that's exactly right. Because we don't need to calculate because capital gains since the full value is going to be a what was donated. Pam, thanks very much for your call and thanks so much for being a regular listener portage Michigan Janine, how can we help you. I'm calling because I can't IRA which is down to around $80,000, maybe a little more might have passed away about six months ago and we had let on that and I retire security retired, which had been about 24 years an hour down to about 80,000 and I talked to the secretary one day last week and she said that my guy had invested money into.

I believe he called money market, but I'm not positive it was where it had made, but every year and that had made several thousand dollars and it sounded like a good job on that. But my concern is coming out and I'm worried about a worried, concerned about eight candidate, but I stock market crash or something, right where where I would like to take it out and put it someplace.

I do not know where to put it.

I have some money in a state each account in another area to another location, but I was told by them that I couldn't take IRA money coming back.

I could take IRA money and put it into a savings account that was not totally account savings and I don't know if that's true or not but I wanted to let you with it just yet. Very good. Well thoughts here. Janine, first of all, I'm so sorry to hear about your husband's passing. You know when it comes to investments. We always need to start with. What is your goal and objective and that really has to do with. First of all, what is God doing in your life where you feel like he's taking you and what your needs you. What is your budget look like and how much income do you need to derive from this investment asset is it something that you're currently accessing to supplement your income or something that can just continue to grow and then based on your age and your risk tolerance.

A portfolio should be built and once that's built as long as it's properly diversified and it has the right mix of investments that are appropriate for you not trying to beat an index or outperform the market but just where you're trying to match your risk level with your objectives and get a commensurate return. Once that portfolio is built. We just let that go. We might make tweaks or small changes over time, but we certainly in my view wouldn't make a drastic change based on election regardless of the election would make a change based on a pandemic, regardless of the pandemic would make a change based on just an economic cycle where we might hit a recession that lasts a couple years because what we know Janine is that we take the long view. As long as we have the right investment mix that's going to pay off in the long run, historically speaking, the market, even when an election perhaps goes the way you don't want it to the always recovers that it moves to higher ground. Even though we went through the financial crisis of a way to know nine weeks following that had the best bull market. We never had more wealth was created than in the entire history so you know, as you look at that. We don't want to make emotional changes based on an event that's just a losing proposition. So I would come back to what is the right mix of investments for you that you mention money market. That's about as stable as it gets. Depending on whether what type of money market may have FDIC insurance. It may not. But it's a very stable investment not going to generate much in the way of the yield very low, but it's can be very stable so I think the question is on this 80,000 are you trying to generate an income or is this money that is growing for your future out every every security and from what I had to have money coming out of a savings account that I get every month to have enough money to live on. The problem I don't want to lose what I have in my IRA.

I don't. Do you have a financial professional that's helping you make these decisions or making them on your behalf in terms of the investments that are inside that IRA for 24 years. Okay, so I would start by going back to him.

Janine, I would not pull out or sell out of the market because of the election coming next week. What I would do is go back to that investment advisor, financial planner and say based on what I'm trying to accomplish where I met in my life what my budget looks like, what assets I have. Let's revisit this allocation to make sure that I have the right investment mix are not taking too much risk, but I'm also taking enough risk to generate the return I'd like to see over a five or 10 year.

But I would not encourage you to pull anything out of the market or make a drastic change because of an election. That's less than a week away. I don't think that's the right reason to make a big change.

I think what you need to be focused on is are you in the right investments for the long term, and if this individual has served you well for 24 years.

I'd start there by saying let's revisit this portfolio and I'd like for you to talk through with me. Why were invested in what written and is this the right place to be moving forward. Janine, thank you very much. We wish you the very best as you go forward. Thank you Lehigh acres, Florida Ray, I'm sorry to say that we got about 90 seconds. So let's see what we can squeeze and go right ahead. Thank you. I'm calling about a hold that will hold. It was purchased by my mother and she owned a homecoming game on it and I believe she can have to pay capital gains on that wondering how would that