*This is NOT a recommendation to buy or sell. Always contact your Financial Advisor concerning your portfolio.

Today on Financial Revelations: Quick Hits, David starts a new series called "Great companies on bad news". First up, Boeing. Even with a door flying off, Boeing is still a good company and one of really 2 big plane makers and they contract with the military.

As always you can listen to David every Thursday on WCRF Cleveland from 8AM - 9AM or on the Moody Radio App.

Email your financial questions to [email protected]

Twitter @skibucks1

Today on Financial Revelations, David tackles a couple listener questions including:

• Are bonds still a good option?
• Why are bonds earning less the longer you own them?
• What are you looking at in the market?

Thank you again to those who have donated to the missions trip. If you would like more information please visit the links below:

NativosUSA

GoFundMe

As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App.

Email your financial questions to [email protected]

Twitter @skibucks1

Financial Revelation Quick Hit:

There is sunlight on the horizon! Donald Trump has been named the Republican nominee. He won he Iowa Caucaus with 51%. Its good news because his policy is spot on, even if his personality isn't. 

As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio App.

Email financial questions to [email protected]

X @skibucks1

If you would like more information on the Amazon Well Drill coming up or to donate, please check out the following sites:

Go Fund Me

NativosUsa

This week on Financial Revelations David talks about the 2024 election year and what to expect in the market. He thinks it is gonna be a rocky year with an economic slowdown and suggests holding a slightly larger cash position in accounts. 

Thank you to those who have donated to the well mission in the Amazon! If anyone would like more information please check out the following websites:

nativosusa.org

gofundme

As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8AM - 9AM or on the Moody Radio app.

Email your financial questions to [email protected]

Twitter @skibucks1

The Fed does not usually surprise us; this time they did!

Today on Financial Revelations David reviews yesterdays Federal Reserve meeting and discusses "what was" and "what is".

What Was:

• 1 to 2 more rate hikes
• Higher for longer, not there yet
• We need to fight inflation

What Is:

• Stopping rate hikes
• Cuts next year
• Why make changes now?
  • They see something we don't

We will be back January 2024 so to everyone: Have a Merry Christmas and Happy New Year!

As always you can listen to David every Thursday on WCRF Cleveland 103.3 from 8AM - 9AM or on the Moody Radio App.

Email your financial questions to: [email protected]

Twitter @skibucks1

Our Mission support:

Nativosusa

GoFundMe

Instagram: nativos_usa

Welcome back to Financial Revelations

It's almost 2024 so David wants to go over some end of the year suggestions and possible New Year Resolutions! 

Let's start with some end of year suggestions:

• Harvesting tax loss
• Fund your Retirement accounts
• Qualified Charitable Distributions if you are in RMD status (over age 72 1/2)
• Review and update your budget
• Develop a planned giving strategy

Now let's talk New Year Resolutions:

• Start moving! Exercise and be an encouragement to those who are trying
• Give to a charity
• Do something to improve your lot
• Start a budget
• Read a non fiction book to improve yourself (see book club list below)
• Sleep in a hammock in Brazil (shameless plug)
• Help a family at church during the holidays
• Provide an extra gift to a pastor
• Volunteer to teach a class at church

David's Book Club suggestions:

• A Moral Case for Fossil Fuels by Alex Epstein
• Freakonomics by Steven Levitt & Stephen Dubner
• Basic Economics by Thomas Sowell
• Never Split the Difference by Chris Voss
• The Virtues of Capitalism by Austin Hill & Scott Rae
• The Accidental Super Power by Peter Zeihan

As always you can listen to David every Thursday on WCRF Cleveland 103.3 from 8AM - 9AM or on the Moody Radio app.

Email your questions to [email protected]

Amazon Mission Information:

Nativosusa.org

GoFundMe.com

Instagram: nativos_usa

Today on Financial Revelations David reminds those who are over 72.5 years old that they need to take out their Required Minimum Distribution (RMD). He also talks about how you can make Qualified Charitable Distributions once you are in RMD status. Some perks of using this as a distribution are:

• No taxes taken from it
• Goes directly to your charity of choice
• You get a 25% tax break

"A generous person will prosper, those who refresh others will themselves be refreshed" Proverbs 11:25

"God loves a cheerful giver" 2 Cor 9:6-7

On the eve of Thanksgiving, David wants to encourage those who can to be charitable and generous with their time and money. Examples of little ways everyone can help:

• Tip a little more at dinner
• Give to Angel Tree
• Give a gift card to a single parent or widow
• Become a monthly supporter to a local mission/missionary
• Help fund a mission trip

As always you can hear David every Thursday on WCRF Cleveland 103.3 or on the Moody Radio App.

You can reach us at (800) 344-2354

Email your questions to [email protected]

To support the well digs in Brazil:

Nativosusa.org

GoFundMe

Today on Financial Revelations David talks economic update and how flat inflation has bolstered the market and how it looks to be heading towards a year end rally. He also answers a listener question on how to harvest losses. 

As always you can listen to David every Thursday on WCRF Cleveland 103.3 from 8 AM - 9 AM or on the Moody Radio App.

Email your questions to [email protected]

https://nativosusa.org

Instagram: nativos_usa

Go Fund Me: Clean Drinking Wells

This week on Financial Revelations David goes over the latest Fed meeting where rates are currently holding steady at 5-5.25%; but they left the door open for another rate hike at the beginning of the year. David also explains the bond/interest teeter totter and how the bond market came down slightly on the 10 year note but that the 1 year is still at 5%.

Weekly Viewer questions:

- Why do bonds lose value when interest rates go up?

- Why have you recently changed your tune on bond mutual funds?

As always you can listen to David every Thursday on WCRF Cleveland from 8 AM to 9 AM or on the Moody Radio app.

Email your financial questions to [email protected]

Twitter @skibucks1

Missions information:

www.nativosusa.org

Instagram: nativos_usa

GoFundMe keyword: David Szafranski

There will be a Fed meeting and we will talk all about it next week!

Today on Financial Revelations, David gives an update on bond and mortgage rates.

10 year treasury just under 5%

High yield money market at 5.4% or so.

30 year mortgage 8%!

Two new listener questions:

1. How do money managers handle losses?

2. Do you like Roth IRA's or Traditional IRA's better?

As always you can listen to David on WCRF Cleveland 103.3 every Thursday from 8 AM - 9 AM or on the Moody Radio App.

Email your questions to [email protected]

Well drill missions:

https://nativosusa.org

Go Fund Me:

https://www.gofundme.com

search: David Szafranski