00:02
Peter Dunn
New Year. Same me. Welcome back to the Pete the Planner experience. I'm your host, Pete the Planner. For those following the live stream today, we started an hour early and you're thinking, is there a time change at the new year? No, there's not. I just have stuff to do. Sorry, Jeremiah. Joining me, as always, is the director of education here at Your Money Line, Kristen Ahlenius and vice president of Advice, Dame Ramsey. Sorry, Damian Dunn, who we've taken to calling Dame Ramsey, which is funny to us internally. Kristen, do you like it?
00:43
Damian Dunn
Yes, but if I were Dame, I wouldn't. Is that fair?
00:48
Peter Dunn
He'll grow to love it, just like every assigned nickname in this organization. Kristen, good holiday season? I know you were a little under the was good.
00:58
Damian Dunn
One more Christmas tonight and then finally done.
01:03
Peter Dunn
I feel like the pressure. A Christmas after the holidays on a Friday night's got to be amazing, actually.
01:11
Damian Dunn
I think it'll be good. Yeah.
01:13
Peter Dunn
Nice. Dame, good holiday for you?
01:16
Kristen Ahlenius
I had a little bit of everything. Had some great time with family and friends, had stressful family times, just everything that you would expect in the holiday season.
01:24
Peter Dunn
Same, really. Same. You and I both had a sump pump issue this week. We handled them differently. You personally replaced your sump pump? I hired it, yeah. Hi, Rick. Hi, Chris. Good to be with you. And we did start an hour early. Big Rick Swink with the big wristwatch, apparently. All right. This week on the show, it's the one that everyone wants. It's who won the 2022 market predictions and we're making a 2023 market prediction. Kristen, you got to be excited. This is the first time ever.
02:04
Damian Dunn
I'm so nervous.
02:06
Peter Dunn
By the way, Kristen, our dear friends were over for New Year's Eve.
02:11
Damian Dunn
Oh, no.
02:12
Peter Dunn
Damn. You know where this is going. Our dear friends were over on New Year's and we're partaking. And my friend J O, she said, I love watching the show because you make Kristen so uncomfortable. You say things to her that they didn't say inappropriate, but they said, you make her so uncomfortable. And when I hear that a man makes a woman uncomfortable, my first inclination is to think, oh, he's a creeper. He's saying sexually explicit things to that person, and I do not do that. And so Mrs. Planner, who doesn't even know we have a show, she looked up, she's like, what are you saying to this young? So, just for clarification, I am not making creepy comments to you on the air, am I?
03:04
Damian Dunn
No.
03:06
Peter Dunn
I put you in uncomfortable positions on the show in making you broadcast these sorts of things and then your face contorts to dismay and those sorts of things, but I am not a creeper.
03:20
Kristen Ahlenius
Do you think J O is referring to the big weekend that Kristen has.
03:23
Peter Dunn
Coming up this weekend?
03:25
Kristen Ahlenius
Yeah.
03:25
Damian Dunn
It's not this weekend, it's next weekend.
03:30
Peter Dunn
I don't know if she could be but I was just, like, laughing. I was like, oh, my gosh. Well, look, here's the thing. I am inappropriate. That is 100% true. I'm not hiding that. But I am not in terms of things of the sexual nature, I am not that level of inappropriate. I'm just a weirdo.
03:49
Damian Dunn
Well, into that point, you probably miss out on a little bit of that experience as a podcast listener, because there's a lot my face always tells you how I really feel. So when I might be speaking and you might not realize it, but my face is really telling the whole story here.
04:06
Peter Dunn
Fantastic. All right. I got to see Dame yesterday, everybody. I know we got to Jeremiah. I said we have to go, but I'm just giving everyone a little color. It's been a couple of weeks since we got together. Got to see Dame in Chicago yesterday. Dame and I at a finals presentation in one of the world's largest organization. That was fun. Dame killed it, as always. We walk out of the meeting. He goes back northern Indiana. I take our crew back to Indianapolis, and people are like, gosh, Dame is so steady, so good. Hello, Brian pinkens. And you should have seen him. He looked beautiful. He had this wonderful new suit on. He was looking amazing.
04:40
Kristen Ahlenius
Yeah, new suits happen when you haven't had to wear one for a couple years and there's a pandemic involved.
04:46
Peter Dunn
New suits happen has got to be that's a beautiful marketing phrase. Yeah, this is true. And this is why you got to watch the show. Chris Notes. This is one of the few podcasts I watch either live or YouTube just to see her facial expressions and also the laughter.
05:04
Damian Dunn
Thank you.
05:04
Peter Dunn
Oh, man, that's so appreciate that. So true. You know, the thing about taking Dame to an office building that you always have to account for is that he's going to have a buoy knife or some crazy pocket knife that he's going to get stopped at security and odly yesterday, thank God he didn't have whatever nine inch blade he usually keeps on himself.
05:26
Kristen Ahlenius
There's never anything that large on me.
05:29
Peter Dunn
Dame does not carry a nine inch. How big is that knife that you carry? Like, I needed something open to the.
05:34
Damian Dunn
Other day, and you're like, pocket knife?
05:36
Peter Dunn
But he must have a giant pocket. It was a huge blade.
05:40
Kristen Ahlenius
It was like a three and a half inch blade.
05:42
Damian Dunn
I'm pretty sure it was just a standard pocket.
05:45
Peter Dunn
Yeah, I don't know. You look like crocodile. Dame d.
05:51
Kristen Ahlenius
Was that one of them? Yes.
05:54
Peter Dunn
That's amazing. Jameson. Hello, Mr. Krav. MAGA dame himself. Oh, Dame is an interesting fella. All right, it's time to face the music on last year's predictions. This isn't going to be good. Okay. Oh, Brian pinkens, if you're still watching, I'm going to be downtown today in like, 2 hours. If you're downtown, can you hit me up? Hit me on, like, DM on Instagram. I think you have my text number. I can bring you the shirt I owe you, so hit me up. I'll be downtown today. Brian pinkens your moneyline shirt.
06:36
Damian Dunn
Yeah, but did you just say that you have my text number?
06:39
Peter Dunn
Oh, Lord. We were doing something in the car yesterday, and our coworker Molly was like, God, you're old. I know. I was like, it was something. I don't know what it was, but I am I'm 45 years old. I am over the hill. I'm old. I'm just immature. Anyway, let's do a show. Everyone got the timers. We were wondering in the car, Dame, on the way back yesterday, if you ever got in that college, like, hacky sack phase and listened to the Dame Matthews Band.
07:22
Kristen Ahlenius
That was not as strong.
07:24
Peter Dunn
No, that was our favorite one in the cart, because were flowing. Molly was because and then were like, oh, he's like Dame Navarro. He's like the guitarist. And then it was nuts. You were the founder of Wendy's Dame Thomas.
07:37
Kristen Ahlenius
Oh, so they're just all riffs on okay, I see how this occurred now.
07:42
Peter Dunn
Yeah. Jameson notes his kids note that his kids love to ask him about the 19 hundreds.
07:48
Damian Dunn
That's awesome.
07:49
Peter Dunn
That is funny. Okay, what are we doing here? Oh, yeah. Really is one last thing. So we're in this finals mini yesterday. I say this about Dame all the time. Dame has gotten so good at broadcasting because one of the things about broadcasting is that makes broadcasting terrible is when some person gives a point of view and the other person goes, oh, you hit the nail on the head. Or they're like, oh, absolutely. And so Dame doesn't do that. He will further the point by just starting it. This is a broadcast lesson for everyone listening. This is why most podcasts suck, by the way, because people don't do this. So if I say, oh, the stock markets probably will end up this year, and then Dame, if it was bad podcast, Dame would go, Absolutely. But because Dame is good at what he does, dame will say something like, in fact, what will happen is so he furthers the point without actually agreeing.
08:50
Peter Dunn
And that's what's amazing.
08:51
Kristen Ahlenius
Absolutely.
08:52
Peter Dunn
And he did that. But that's why he's so good in presenting at a meeting, because, yeah, there needs to be agreement, but you don't have to go, oh, you knocked it out of the park there. Peter.
09:09
Damian Dunn
Could you have picked a word other than the word that I always use?
09:15
Peter Dunn
Oh, absolutely. Everyone says absolutely. Kristen. Kristen, have I not shown you the video of, like, one of my first television interviews ever? This is 2005. I was very hairy. That sounds gross, but I actually had a hair, is what I meant. I said absolutely six times in 94 seconds. Absolutely. Every time they ask me a question because it's always a leading question. Absolutely. And then you watch it back and you swear to never say the word again. All right, so this week's show, we're doing an absolutely counter I'm going to count Kristen's.
09:51
Kristen Ahlenius
Absolutely.
09:52
Peter Dunn
This is how you shake a person from their verbal tick.
09:56
Damian Dunn
I'll just replace it with a new one, though, because I've replaced that with excellence. I use that one probably more now.
10:06
Peter Dunn
All right, well, we all have a verbal tick and so let's at the end of the show, figure out what each other's verbal tickets. Also, on the way home last night, because were slap happy, it was like 10:00, which is like 3 hours past my bedtime. We decided that to tease someone, you're verbally tickling them. Do you like to be verbally tickled? No.
10:28
Kristen Ahlenius
Kristen, was this Molly's first road trip with was yes.
10:35
Peter Dunn
That's a great question, Dave.
10:37
Damian Dunn
That right there is what J O meant.
10:40
Peter Dunn
Probably the thing was like, Chad and Loves and I have been on a million road trips, but Molly's just sitting there like, what the heck is going on? But there was laughter, mascara was running. It was good. It was good. And when we didn't die in a car crash. All right, so let's get going in three, two, one. This year on the Pete the Planner show, we answer your money questions. Here's how the show works. You email us. Askpete@petetheplanner.com that's, askpete@petetheplanner.com. And it is possible someone still monitors that email address. Joining us this year new to the show this year is Kristen Ahlenius. She's been here for a while. Kristen Ahlenius, director of Education here at Your Money Line. Happy New Year, Kristen.
11:26
Damian Dunn
Thank you. And I mean, technically you're not wrong, right? This is the first time I've been on this show.
11:32
Peter Dunn
Absolutely. And also Damian Dunn, vice president of Advice, a little guy we like to call Dame Ramsey around here. Yeah, dame, how are you? Happy New Year.
11:42
Kristen Ahlenius
Happy New Year. I am doing fantastic. Ready to get the record straight with some of our picks from last year.
11:49
Peter Dunn
All right, so it's first show of the year, so that means a couple of things. Number one, it means we are doing the year in review of our stock picks of 2022. Dame, at the beginning of every single segment from a compliance standpoint, we need to point out that do not take action. Do not do anything that we say during today's show. We are going to show you why we're bad at picking and then we're going to pick some more. So one year from now, we can prove once again why we're bad at picking. Would you say that's fair?
12:19
Kristen Ahlenius
Dave, it's going to become plainly obvious that you shouldn't take our advice. And if you do, you've probably got bigger problems.
12:28
Peter Dunn
Kristen, would you agree that people should not take our advice?
12:32
Damian Dunn
I think that's kind of maybe a little harsh. But I watched last year's episode back yesterday and I now have to agree with you sorry, what do you have.
12:45
Peter Dunn
To agree with me? About what?
12:46
Damian Dunn
That you shouldn't take your advice.
12:50
Peter Dunn
Who was the cockiest last year on the prediction show?
12:56
Damian Dunn
Probably you.
12:57
Peter Dunn
Yeah, well, that's how that works. Okay, so, Dame, without further ado, Freddie Adu, former men's soccer player. I know this is a financial show, but at some point actually, I don't want to talk about soccer right now. Dame, let's start with what category biggest winner of the year. So you and I both got to pick an equity position that we thought would perform the best this year. Take us down memory lane.
13:25
Kristen Ahlenius
Pete, if you will. Remember, you chose Cushman Wakefield. They are a commercial real estate company. You were convinced that after the pandemic, they were poised to break out and space would be gobbled up and leasing rates would go up.
13:48
Peter Dunn
Well, I was just early.
13:52
Kristen Ahlenius
So you're going to hold that one?
13:53
Peter Dunn
No, I'm not holding. I was just very early.
13:56
Kristen Ahlenius
Okay. Very early.
13:58
Peter Dunn
All right.
13:59
Kristen Ahlenius
It opened the year of 2022 at $22.35.
14:03
Peter Dunn
Let's go.
14:05
Kristen Ahlenius
Closed at twelve point $46. This is a winner, everybody. Remember, this is for the biggest winner. It's a return of negative 44 and a quarter percent.
14:21
Peter Dunn
If I may, just a slight miss on that, mr. Fancy Pants. Jim. Damer.
14:35
Damian Dunn
That was good. That was good.
14:37
Peter Dunn
I just made that one up on the fly. What's your pick?
14:41
Kristen Ahlenius
Well, I cheated because it only matters about money at this point. I picked Berkshire Hathaway, which is essentially a mutual fund in equity form. However, they've got just a couple of really good people that run it and kind of know what they're doing in all sorts of market conditions. Closed the year with a 2.8% return up. 2.8% return up.
15:11
Peter Dunn
Kristen, have you ever been in a situation in which you've won something, but in order to win, you cheated?
15:19
Damian Dunn
I personally have. My ethical levels are just higher than that, so I wouldn't have done something like that.
15:26
Peter Dunn
Okay, I'm just checking. Just checking. All right, Dame. Congratulations. Way to cheat the system.
15:33
Kristen Ahlenius
I only beat you by 46 or 7%.
15:37
Peter Dunn
Speaking of biggest loser, we also picked the biggest losing stocks of the year. Please let us know who won by being the like, this is sort of like how do you even talk about who won the loss? What happened?
15:52
Kristen Ahlenius
Yeah, I mean, technically, you're going to be really happy that you lost a lot on this one. You chose Amazon, I don't know how you saw that one coming, but you chose Amazon. They were down 50.7% last year.
16:07
Peter Dunn
That would explain why my end of the year financial meeting that I had did not go well anyway. But go ahead. That's bad.
16:15
Kristen Ahlenius
Yeah. That's not good. I mean, it's good. Yeah, it's confusing. I, on the other hand, chose something that was going to be a for sure loser, no question about it, until some guy named Alan Elon whatever. However you want to pronounce it, stepped in and ruined my parade. I picked Twitter after his buyout. It finished the year up 24.6%.
16:48
Peter Dunn
But you know what the good news? He lost $200 billion.
16:52
Kristen Ahlenius
I don't have his name on my spreadsheet.
16:56
Peter Dunn
Okay. And then we both made S and P market predictions. And.
17:05
Kristen Ahlenius
If you will remember yeah.
17:06
Peter Dunn
So it's one to one right now. You got to congratulate me, please, if.
17:09
Kristen Ahlenius
You will remember, both of us, after we made our predictions, confessed to each other that were too scared to give the real predictions that we wanted to, which were negative. So we both chickened out and took the publicly pleasing route of saying, everything's going to be okay. You chose up 7%. I chose up 4%. It was down 19.7%.
17:35
Peter Dunn
A slight miss.
17:36
Kristen Ahlenius
Slight miss. It happens to everyone. So I technically won that by being less wrong.
17:43
Peter Dunn
Kristen, in the next segment, we're going to begin to make our picks. How do you feel right now?
17:51
Damian Dunn
I feel like the bar. As long as I don't trip. Right. The bar is kind of low.
17:58
Peter Dunn
Yeah, it is kind of low. Dame, which of the predictions we're about to make in the next segment? Which is the stock of the year, the worst stock of the year, and then the S p, which one makes you the most nervous to guess?
18:17
Kristen Ahlenius
Loser. I have a hard time picking losers because I see things through rose colored glasses most times.
18:25
Peter Dunn
Kristen, which one gives you the most trepidation?
18:28
Damian Dunn
I think probably loser. I think I would have to agree with Dame.
18:35
Peter Dunn
All right, I'm going. The winner will be the one that will give me the most agitation. I think the bigger point is this. Over the last couple of weeks, if you opened any financial news source, there's a talking head giving you their stock picks of the year. And unless they're going over the top telling you, do not follow my advice, they really believe that those are they believe you should probably take action. Do you feel that way, or am I being a little hyperbolic here?
19:05
Kristen Ahlenius
No, I think that's the general consensus when you see that if you're reading that's what you're really hoping, that they're actually all in on these things. But one of the problems I run into when I'm looking at lists like that or trying to generate my own is how far into the weeds do you go with names that are unfamiliar to the general public to try and find winners and losers? And I think that's one of the most confusing parts about investing for the general public.
19:38
Peter Dunn
I'd also have to note, Kristen, while we are not investing experts, we understand investing, we understand finance, we understand the economy, we understand the markets, and we're having fun here. We're making predictions that we don't want anyone to follow. And Dame and I were so wildly wrong. If nothing else, it should illustrate how nearly impossible it is to do this.
19:58
Damian Dunn
Well, it is nearly impossible because you cannot predict the unpredictable.
20:04
Peter Dunn
Well said. Okay, coming up after the break, the tape we're going to play back. And by tape, I mean video, because this isn't 1984. For years to come, the 2023 investment predictions right here on the Pete the Planner show. I'm Pete the planner. At some point, I didn't want to hold the syllable too much longer, but I was trying to time up the post. But whatever.
20:30
Kristen Ahlenius
It was close enough for your first show. Back in a couple of weeks.
20:33
Peter Dunn
You know what? Good morning, Jason. Good morning, David. Good morning. Other people that have joined us since then. Oh, jeremiah is here. Jeremiah, just so you know, we won't be on much longer. Dame and I were in Chicago yesterday, which I mentioned to be in one of the great food cities in the world, and to not partake in a single ounce of food because you don't have time and it's not conducive to it is depressing.
21:00
Damian Dunn
Oh, man.
21:02
Peter Dunn
Anybody doing dry January on here? Oh, yeah. All three of us cry. January fantastic. Kristen, will you make it?
21:11
Damian Dunn
Oh, yeah.
21:13
Peter Dunn
Dame, will you make it?
21:14
Kristen Ahlenius
Yep.
21:15
Peter Dunn
So what I'm saying is oh, Sarah. Hi, Sarah. Good to see you. Congrats on the promotion, by the way. I saw that on LinkedIn. That's awesome for you, for all of us. Actually, I will probably not make it, but right now I'm good. But see, Mrs. Player and I usually sort of peter out, so to speak, around the 21st at three weeks in, and then we get this conversation going. We're having a nice meal, and I'm like, what? Does it actually really even happen? Have we not proven that we don't have a problem? This is all me, right? You can hear it, and it's like my liver feels healed. My enzyme levels are probably good. Seasonal mood disorder is not a thing for me. Okay, are you guys ready for the predictions? How are we going to do this?
22:14
Kristen Ahlenius
You just do winners, losers just go down the list again.
22:18
Damian Dunn
Yeah. Category.
22:20
Peter Dunn
Okay, let's start with winner again. We've got 1920 minutes to do all of these, if you will, so feel free to weave a tail. Okay, here we go. I was shaving my head the other night. I tend to do on Sunday nights, not shaving it. What do you say you shave it with a clippers? Clippers. If I just go down anyway. And Ted walks in and he goes, why are you rebalding yourself? Rebalding?
23:01
Kristen Ahlenius
You just look at him and say, someday, you'll know?
23:04
Peter Dunn
Yeah. I was like, oh, you just wait, pal. That beautiful head of hair is gone like Cushman Wakefield. In three, two, one. Back on the Pete the Planner show. It's the segment that you've stayed up all week for. It's the 2020 hold on. The 2023 investment prediction spectacular. Kristen Alanius, the director of education here at your moneyline. Damien Dunn, vice president of advice here at your moneyline, and me, who's just a general Nair do well, are going to make our 2023 stock predictions. And Dame, can you please give the largest blanket disclaimer that you could possibly give?
23:52
Kristen Ahlenius
Hold on. This is not investment advice. If you listen to the last segment, it's very obvious why you shouldn't follow what we're about to say. And if you do, please discuss it prior to making any transactions with a investment professional.
24:11
Peter Dunn
Kristen, do you remember during the pandemic, sanjay Gupta on CNN spent segments showing people how to wash their hands properly, and then you're supposed to go and then wash your hands properly. And I remember again, I've talked about this got I was getting into nooks and crannies on my hands I didn't even know exist. You wash them from the back, which feels really awkward and a little intimate. And so I'd really wash my hands. But what we're saying here is we're going to give you some investment stuff that we think is going to happen this year. Don't do any of it.
24:38
Damian Dunn
None of it.
24:39
Peter Dunn
Don't do any of it. We're terrible at this. This is entertainment. This is the WWE of investment picking.
24:48
Damian Dunn
I like that. The comparison is really good there.
24:51
Peter Dunn
Okay, here we go. Stock pick of the year. We're going to pick our 2023 stock pick of the year. Which stock? Now we've got a look. I mean, today is the 6 January, so we've got a few days under our belt here. Kristen, we're starting with you. You are the youngest by far, and you are the newest to the show. And so we're going to let you pick your 2023 stock for the year. What is it and why did you choose it?
25:21
Damian Dunn
I feel like this is maybe a little cheap, but I have to pick Tesla. I think that Tesla got beat up a lot this year. They're one of the biggest losers in the S and P 500 in 2022. I think number like five, one of the biggest losers down 65%. But I still think that there's something there. I think they're undervalued.
25:46
Peter Dunn
Dame, are you taking notes here, I assume?
25:48
Kristen Ahlenius
Yeah, I've got a spreadsheet open and ready to enter our picks into Tesla.
25:55
Peter Dunn
Do you want to say what you think? I don't think we have to say what we think is going to be and all the way. We just have to beat each other's up picks. That's the reality. All right, dame, although you're much older than me by months, days, weeks, what is your 2023 stock pick of the year?
26:14
Kristen Ahlenius
I went a similar direction with picking a company that got absolutely slaughtered this year that I've frankly have my own money in for a long time and I think is poised for a rebound. They've got a bajillion dollars of cash on hand, and they are just waiting to write the ship that's apple. Tim apple is going to lead us into the promised land. Once again, old Tim Apple.
26:42
Peter Dunn
All right, so are you ready for mine? Oh, no, this could go wrong. Okay. So I started thinking through this and I was like, you know what? I'm going to go a direction that I think could happen. The timing could be off. I could be in trouble again. Just like Cushman Wakefield. Just early. I'm going with bank of America. Okay. I just get this feeling when the do not act on anybody, please. I'm asking you for this one specifically. Do not act on this. I think if we're able to wrap up this recession by the end of the second early third quarter, I think bank of America stock is going to go bananas. Bananas. And so I say with trepidation and great self doubt, bank of America. All right, so now I want to take a moment. You each have to pick the one stock pick you just heard, including your own, that you have the most doubt in the most doubt.
27:58
Peter Dunn
OOH.
27:58
Damian Dunn
Do I have to go first?
27:59
Peter Dunn
Yes, ma'am.
28:02
Damian Dunn
I think that I agree. Pete, with what you were saying about that was a so when I chose my pick, I thought about going sector specific first and then choosing who I thought was the strongest contender within. And I probably would have gone there first, but I don't think that there's going to be enough time for it to be the biggest winner.
28:21
Peter Dunn
Okay. Fair. I want to note as we pick our next pick, we're going to reverse order. So I'm going to go first on the biggest loser. Dame, what of the picks for the biggest winner, do you think you have the most skepticism around?
28:38
Kristen Ahlenius
I think it's probably your pick as well. But can I add a little bit of information here just for the people's knowledge? If we take a look at the current price versus what they opened at the year, you're the only one that's in positive territory. You're up two and a half percent. I'm down four, and Kristen's down almost seven.
28:57
Peter Dunn
Has it ever occurred to you I'm just going to be honest, this is sort of an old trope, but Kristen, you may not have heard this. Is it possible I have no hair because my brain is so big it's pushing out the follicles? Is that possible that I have so much wisdom that I have so little follicle.
29:14
Kristen Ahlenius
Or you fell on your head and it's just swollen.
29:17
Peter Dunn
So, Dame, you say you guys are some doubting thomas's is what I'm hearing.
29:23
Kristen Ahlenius
Yes, I have my so you didn't.
29:28
Peter Dunn
Give your oh, I did. And it actually dovetails very nicely into what I believe to be the biggest loser for 2023, and that is Tesla. No, tesla will be the biggest loser of all the stock picks that we have here in 2023. Why? Because I know things. I mean, I have no inside knowledge. And by the way, please don't act on any of this. No one sells short. Tesla plus, there'd have to be an uptick for it to happen. It's just getting killed. Dame, what is Tesla down so far, year to day? If you just tickle my fancy. If you would just verbally tickle me a little bit. Year to date this year, the price.
30:13
Kristen Ahlenius
Just refreshed to my spreadsheet and now it's down twelve and a half percent.
30:16
Peter Dunn
Okay. Uncle Peter is doing okay. Daddy likey. All right, so I think the worst pick of the three that we're going to pick is going to be Tesla. I think so many other EV manufacturers are making strides. I think there's going to be a soft car market in 2023. I think there's going to be supply issues for Tesla. I think their CEO is careful, a risk. That's a nice way to say things that I don't want to say. So that is my mean what? How do you feel knowing that you and I are on complete opposite sides of best worst with the exact same don't?
31:07
Damian Dunn
I'm not all that worried about it because I think that the true concern for Tesla comes in when a universal battery is like more of a conversation. I don't think we're there yet. I think Tesla still gets to be the leader for a little while.
31:21
Peter Dunn
I want to say this, Dame, I think I'm right. But I have so much more faith in Kristen than I do myself. Right. So this is the tough part about, like, if I had to bet on someone over me and Chris, I'm betting on Kristen, but I think I'm going to be right here.
31:37
Kristen Ahlenius
Could be you very well could be. I think it's a big swing. I think Kristen could end up looking good, but it could absolutely keep going down in flames.
31:49
Peter Dunn
Kristen, Ahlenius Damian Dunn and myself, Pedro de Pesos, and were picking the best stock of the year. Kristen, Alanius, Damien Dunn and myself, Pedro de Pesos, and were picking the best stock of the year. The worst stock of the year and where we think the S and P 500 ends. Okay. So that's where we are so far. So just a quick recap. Kristen chose Tesla for stock of the year. Dame chose what did you choose, Tim?
32:13
Kristen Ahlenius
Apple.
32:14
Peter Dunn
Apple. And I chose bank of America. I have now started the next proceedings by saying I believe Tesla is the worst stock of the year. What will the other two choose? You're going to have to find out next. Right here on the Pete the Planner show. I'm Pete the planner. How about that for like a 52nd tease?
32:32
Kristen Ahlenius
I thought you were winding it up kind of early, but nice job.
32:35
Peter Dunn
I don't know. I shorted the segment by 7 seconds.
32:39
Kristen Ahlenius
That's just an extra Mellon camp for the people.
32:41
Peter Dunn
Our EP at the stations. You beat me to it. I was setting it. Up and you slipped it out before I could get there. So true. All our bumper music hurts my throat. Oh, Lord. I cannot wait to hear your worst pick. Dame's going to give cushman.
33:14
Kristen Ahlenius
Wakefield.
33:14
Peter Dunn
I can feel it. I can feel it in my bones. All right, let's get rolling. Jeremiah's got stuff to do. All right, in three, two oh, wait, no, that's enough. Back on the Pete the Planner show, it's the stock pick extravaganza. Back on the Pizza Planner show, it's the stock pick extravaganza. This is the time of year when we pick our best stock of 2023, the worst stock of 2023, and our Standard and Poor 500 prediction for the year. I did. Kristen Ahlenius and Damian Dunn and myself. Kristen, Alanius and Damien Dunn and myself. I have chosen my worst pick of the year being or my worst pick of the year. That was Freudian. I believe that the stocks that were performed the worst this year will be Tesla. It happens to be the stock that Kristen said would be the best. Kristen, you get to go last this time.
34:11
Peter Dunn
It is now Dame's turn to tell us what he believes to be the worst stock of 2023. Do not take any of this advice. Dame, give us a disclaimer before we get started.
34:19
Kristen Ahlenius
Again, this is not professional investment advice. This is entertainment purposes only. Please check with a professional investment advisor before you invest your hard earned dollars.
34:29
Peter Dunn
We're not even licensed. Not one lesson. Never had one lesson. Okay, dame your worst.
34:40
Kristen Ahlenius
In the first segment, I had some fingers wagged at me for one of my choices of last year's stocks, and still nobody said it was against the rules. So I'm going to kind of cheat against come on. All right. I was going to pick Bed, Bath and beyond because they're about to file bankruptcy and they're already down 48% this year, which I think is a genius move on my part because it almost guarantees a win. But.
35:08
Peter Dunn
I don't know. Would that be cheating?
35:11
Damian Dunn
That's cheating. They just announced yesterday they're going to file bankruptcy.
35:14
Peter Dunn
Okay.
35:17
Kristen Ahlenius
If it stands. But anyway, I think one of the companies that I am cautious of is Xerox, which is weird because if you think about all of the things in your life that a brand name becomes synonymous with the actual thing that they do, you'd think it would have a hard time. Can you ever imagine Kleenex having a hard year because regardless of whose tissues you use, it's a Kleenex whenever you go to make a copy. It's not uncommon. At least when Pete and I were your age, Kristen, people would say, I'm going to go Xerox this. And it didn't matter if it was a cannon or a limp or whatever it was. It was, I'm going to go Xerox this. Xerox has had a ton of troubles over the last couple of decades. They've missed estimates left and right. They're still struggling big time, and I think they are poised to continue the downward spiral.
36:15
Peter Dunn
Wow. I have nothing to say. Really? It seems like a well researched idea. I feel like the changing workplace supports that. If people aren't in the office to make copies, then they're going to buy printers.
36:32
Kristen Ahlenius
Yeah. Does Xerox even make home printers? I think they might have at one point in time where they were looking at getting into it, but I don't think they do. I think it's all HP and.
36:45
Damian Dunn
Even did Xerox have anything other than paper?
36:50
Kristen Ahlenius
What did paper no, they didn't make paper? No.
36:56
Damian Dunn
What is wrong with I don't know. What did they have? Stores?
37:01
Peter Dunn
Oh, my God.
37:02
Damian Dunn
No. Okay.
37:04
Kristen Ahlenius
I'm so old right now.
37:06
Damian Dunn
I don't know.
37:07
Peter Dunn
She's never even seen the show. Eight is enough.
37:12
Kristen Ahlenius
Do you remember walking into the school office and seeing this large machine that people would put paper on top of glass and close a lid?
37:19
Damian Dunn
That was a name brand.
37:21
Peter Dunn
Oh, my God.
37:22
Kristen Ahlenius
Yeah, that was xerox was the company.
37:26
Peter Dunn
Well, I mean okay, so this is starting to feel good for you, Dame, because show millennial Chris and Alanius has no idea what you're talking about.
37:34
Kristen Ahlenius
Yeah.
37:35
Peter Dunn
Didn't they make fax machines, too?
37:37
Kristen Ahlenius
They might have. I mean, it seems like it would have been a natural little offshoot, but, I mean, we know how much revenue they're generating from fax machine sales right now.
37:45
Peter Dunn
Wow. Okay, so this is feeling like a good pick all of a sudden. Oh, man. All right, Kristen, what is your biggest loser of the year?
37:55
Damian Dunn
My biggest loser of the year, I went sector first and then chose who I thought was the loser within, and I chose Rite Aid.
38:04
Peter Dunn
Right, Aid, the pharmacy. Right, Aid.
38:08
Damian Dunn
Their earnings per share is not great. It's negative. They've missed earnings, I think. I don't know if it was three of the last four or if it oh, wait. And so I don't feel good about the industry that they're in. Like, their niche, which is like the pharmacy experience is because of Amazon and.
38:32
Peter Dunn
Prescriptions.
38:33
Damian Dunn
Yeah. So I chose the others are doing okay. Still just looking at just some different numbers, like Walgreens, CVS, they look a little bit better. So I chose riot aid specifically.
38:44
Peter Dunn
Wow. I feel like your guys is mine is out of spite. My pick of Tesla and you've guys put thought into it, which is consistent.
38:53
Kristen Ahlenius
With how the show works. Would you like a quick update on where everybody's picked currently stand? Pete picked Tesla, down twelve and a half percent. Leading the pack, I picked Xerox, they're up seven and a half percent. Kristen picked Rite Aid, they're up 148 basis points, a percent and 48.
39:17
Peter Dunn
So, look, it's early, but it's looking good. Okay, whose pick do you have the least confidence in here before we move on to our S P picks for the year? So I'm going to go first. I have the least confidence in my least confidence. Kristen agrees. Dame?
39:40
Damian Dunn
Yeah.
39:41
Kristen Ahlenius
Yeah, probably.
39:42
Peter Dunn
Oh, my so you guys have no confidence in this?
39:47
Damian Dunn
Not really. So much.
39:50
Peter Dunn
All right, good. S and P 500 pick of the year. This one seems like we have to write it down and then show it because otherwise it just wouldn't seem fair. Kristen, do you have a pen or pencil in your home? Okay. I didn't know if the youngs keep.
40:08
Damian Dunn
Writing utensils, not usually, but that one time I didn't have a pen on the show. So I do know she's going to.
40:15
Kristen Ahlenius
Go up to the mimeograph machine after we're finished here.
40:18
Peter Dunn
Okay. So everyone just take a breath. Write your number. Kristen, do you have good handwriting? No, I have terrible okay, so people love on the show when I talk gender, I generally think women have better handwriting than men, but knowing you, Kristen, I would have guessed that you have bad handwriting.
40:43
Damian Dunn
I have terrible handwriting, yeah.
40:45
Peter Dunn
Okay. So I wonder if that'll lose a listener there with the women have better handwriting take.
40:50
Damian Dunn
I can't be bothered to care about my handwriting, really.
40:54
Peter Dunn
Sure it is.
40:54
Kristen Ahlenius
Truth will set you free.
40:57
Peter Dunn
Okay. Are you putting decimal points on there, Kristen?
41:02
Damian Dunn
No, I was just darkening it to make sure you could read it when I hold it up.
41:05
Peter Dunn
All right. You're not going to be able to read it, but backwards. No, I don't think people will be able to see this. Okay, I'll hold them up right now. Everyone hold them up. You could definitely cannot see mine, can you? Dame says up. Kristen says up 13. Dame, go a little closer. Turn the angle. Dame says up two.
41:28
Damian Dunn
Two.
41:29
Peter Dunn
And mine says up 19. Okay, so I'm up a 19. Kristen's up 13, which makes me feel good about my 19. And Dame is apparently freeze drying food and storing it underground. He's at 2%. Dame, what has you so bearish about the market in 2023?
41:55
Kristen Ahlenius
I think we're going to continue to go sideways. The Fed is not going to stop raising interest rates until they get unemployment that they see, that they want to see. I think that's the one thing that they are tracking, and I think it's going to have a ripple effect and it's just going to push the entire thing sideways. There's going to be some winners, but it's going to continue to impact a bunch of companies, a bunch of sectors in a pretty negative way and just I would expect something pretty low.
42:20
Peter Dunn
Kristen, I'm guessing you looked at past performance of what happens after a terrible year and said, you know what, two big down years in a row, even though up two is not down big. You said it's going to be up 13, right?
42:35
Damian Dunn
Yeah, I think it'll be late. I think that for a long time it's going to look like dame is going to be the winner here. And then I think, like, quarter three, quarter four, I think they'll rally.
42:45
Peter Dunn
Got it. And same logic as Kristen. I potentially made a prediction on a news podcast about three weeks ago that it was going to be up 34%.
42:58
Kristen Ahlenius
Did not.
42:59
Peter Dunn
But I'm in dry January now, and I have a different outlook on life. Okay, come right after the break. Biggest waste of money of the week right here on the Pete the Planner show.
43:15
Damian Dunn
Dame, you did get the news done?
43:17
Kristen Ahlenius
Yeah, I've got some stuff.
43:21
Peter Dunn
Okay.
43:23
Kristen Ahlenius
We got crack a lack.
43:24
Peter Dunn
I got to go. All right. Very busy. Got to get Brian pinkens his shirt. Are we on the air? I'm sorry.
43:37
Kristen Ahlenius
I'm just waiting on you, man.
43:39
Damian Dunn
You said we had to go. I'm just waiting.
43:41
Peter Dunn
I just had a moment where I was like, I'm just being myself. And I was like, oh, wait a second.
43:46
Kristen Ahlenius
There are people listening and watching.
43:50
Peter Dunn
That was real, by the way, if you want to know what I'm doing when I'm not on the air, it's like, it's that holy moly.
44:01
Damian Dunn
Oh, boy.
44:05
Peter Dunn
Dame, at the finals yesterday, I gave a stat, and someone never mind. Let's not talk about this on the air. Off the air. We're going to talk about it. Okay. All right, here we go. This week's biggest waste of money of the week, right here on the Pete the Planner show is the Harry's Bar ashtray. This week's biggest waste of money of the week, right here on the Pizza Planner show is the Harry's Bar ashtray. Opened in 1931, harry's Bar in Venice is among the most revered watering holes in the world. A frequent haunt of Ernest Hemingway, it's famous for its signature bellini, created by founder Giuseppe Cipriani and Hemingway's preferred dry martini. Its unique ashtrays are also notable. Adorned with Harry's Bar one side and Venezia on the others, it has an embellishment of the Cypriana logo, a stylized bartender serving drinks in the bowl, dual resting points on opposite ends, and a sturdy glazed ceramic so note is as an authentic vintage item.
45:23
Peter Dunn
These ashtrays may exhibit signs of wear and tear earned from their years of use. Okay, so, Dame, we're looking at this. It looks like a piece of red clay, and this is from Harry's Bar. And you can buy these. What do you think they cost? They have a couple different colors. They come in orange and cream and pink, apparently.
45:48
Kristen Ahlenius
So that's a bartender serving drinks in that thing?
45:51
Peter Dunn
It's stylized. Yes. Damn. It's stylized. Actually, up close, it does look like a bartender, like, shaking something. And there's three bar stools. Trust me. Oh, Kristen, the queen of horrible guesses.
46:03
Damian Dunn
Don't first.
46:05
Peter Dunn
No, that's the fun of the show, because you are one of the most talented people I've ever met. At most things you do.
46:11
Damian Dunn
And not this.
46:12
Peter Dunn
Except this.
46:13
Damian Dunn
I'm so bad at this.
46:15
Peter Dunn
I love your failure, and it brings me joy. And my hairline is like see, other people suck at things, too. So, Kristen, what do you think a Harry's Bar ashtray costs.
46:28
Damian Dunn
I guess I'm thinking it's either going to be crazy or it's not going to be as much as I think. I'm trying to understand how rare these actually is. I hate this. Is it $1,000?
46:42
Peter Dunn
Okay, dame, the queen of the worst guesses in the world, guessed $1,000. And Dame, what is your guess, which is usually better? The correct answer is $695.
46:59
Damian Dunn
I went over it, though.
47:00
Peter Dunn
New year, new Kristen. Dame, what's in the news this week?
47:05
Kristen Ahlenius
The Japanese government will give families up to a million yen if you break out your Calculator Kids. That's 7670 American dollars per child if they opt to move out of Tokyo. According to multiple media reports, the government was already offering ¥300,000 per child for families relocating to other parts of the country. People living in 23 regions across Tokyo and local commuter hotspots will be eligible for the relocation money, according to a press release from the Kyoto News Agency. The financial support is expected to be in place during fiscal 2023.
47:41
Peter Dunn
This is amazing. I can ship both my kids out to the countryside and get $15,000 and have some quiet with my wife. That's unbelievable. Why would you not do that?
47:49
Kristen Ahlenius
I don't know. It seems like this is a win situation.
47:53
Peter Dunn
Kristen, if you lived, of everyone on the show, who is the least likely to live in downtown Tokyo, who is the least likely of everyone on the show to live in downtown?
48:06
Damian Dunn
Damien.
48:10
Peter Dunn
Yeah. Because at least you have the young and fun angle, but even not that fun. Right. But you are young.
48:16
Damian Dunn
Yeah.
48:18
Peter Dunn
Who is the most likely to live in downtown Tokyo?
48:21
Damian Dunn
I think that surprisingly, it's like I've lived in cities and enjoyed it. I don't think I could live for a long time that way, but I think me.
48:36
Peter Dunn
I think it's me.
48:38
Kristen Ahlenius
I think it's Pete.
48:39
Peter Dunn
I love food.
48:41
Damian Dunn
Well, Same, you love oh, that's fair.
48:47
Peter Dunn
Yeah, exactly. I'm going to move to downtown Tokyo. And by the way, I do not like raw fish. All right. So, Dame, you think this works? People are going to leave the draw of downtown Tokyo to take their kids for 15 grand out in the countryside?
49:05
Kristen Ahlenius
It'll work for some people, but, I mean, how much money would the government have to offer you to move to.
49:11
Peter Dunn
That'S a good question.
49:12
Kristen Ahlenius
Someplace outside of.
49:17
Damian Dunn
To live. To live where Dame lives. How much does have to pay you?
49:22
Peter Dunn
That's a good question. Yeah, I feel like well, I don't like it posed that way, because whatever, my answers will seem insulting.
49:31
Damian Dunn
Dane lives there for free.
49:33
Kristen Ahlenius
Yeah. I choose.
49:36
Peter Dunn
Okay. A town like mine, it's just not my preference. I'll just stop it there. What else is in the news?
49:45
Kristen Ahlenius
Dodged a bullet there. A new law in Canada has taken effect, banning foreign buyers from hoovering up homes in the country for the next two years. Politicians who supported the law are hoping the pause on nonresidents purchasing condos will help cool a housing market that at one point last year hit an average home price of $800,000. Canadian. The Canadian Real Estate Association isn't pleased, and it claims the measure could force other countries to retaliate and bar Canadians from buying second homes outside of the country. Pete, is this something that the US. Should consider to cool down the housing market?
50:21
Peter Dunn
As Kristen shakes her head in judgment no. I say yes, but I don't like that level of regulation. But I would say I do think how homes are purchased today are wildly out of control. Wildly out of control. Kristen so you disagree?
50:38
Damian Dunn
I disagree with that because I don't think that maybe for here. I'm not sure that it's a nationwide regulation, but I do think that there are some areas that could benefit from pulling a Yellowstone. Neither one of you probably watch that.
50:56
Peter Dunn
What? Man pick another podcast to be on. Kristen we are two older men now. I am a little surprised Dame lives Yellowstone. I'm a little surprised he doesn't watch it. He carries around a giant.
51:15
Kristen Ahlenius
Don'T.
51:16
Peter Dunn
I don't know.
51:17
Kristen Ahlenius
I'm conflicted on this. I don't like the recent trend of entire housing additions being built and purchased by someone and then renting them all out. They're rentals. They're building a subdivision of rentals. I don't know if that's great, but I don't know about barring people from buying real estate either.
51:39
Peter Dunn
Dame, do you have another news story?
51:42
Kristen Ahlenius
Yeah. In fact, I do. In a bank of America survey, over 2000 customers were asked about their 2022 versus 2023 financial resolutions. Most largely had the same money goals apart from one major difference. Only 22% said saving for retirement was a goal for the new year versus double that proportion of respondents in 2022.
52:05
Peter Dunn
Wow. Okay. Trying to pick this apart are people just saying, I just want to survive the recession that's coming in 23, right? Yeah.
52:15
Kristen Ahlenius
So they've resigned saving for retirement by just trying to get by this year.
52:22
Peter Dunn
Good. Right? I think that shows people are huh, that's interesting because you would hope that consumerism would pull back a hair. I don't know. Kristen, how do you interpret that?
52:36
Damian Dunn
I find reports like this to be interesting because credit card debt and debt overall are higher than they've ever been. Like, we're very close to collectively having the most debt we've ever had. So I don't mind that maybe shift in mindset of, hey, I need to get my short term under control. But it doesn't seem like the data supports that's what people are doing, if that makes sense.
53:01
Kristen Ahlenius
Tim I'm not real excited about this. I'd love to think that retirement savings is just a static thing that happens. I know in the real world that's not what it is. But anytime somebody feels like they can't save for retirement or it's not even a goal of theirs, I think is a big problem.
53:18
Peter Dunn
And look, I know these decisions cannot be made in a vacuum. But here's the weird part about all of this. If the market really is getting hammered right now, like it has and kind of is right now, isn't this the best time to pump money into your long term investments?
53:35
Damian Dunn
Yes.
53:37
Peter Dunn
So it's like whatever the masses are saying to do or that they're going to do, the opposite is almost always true. So there you go. That rhymed, by the way. And I feel good about that. So this is the first show of 2023. We made our predictions. Join us one year from today. I don't know if that's true, but we are going to reveal who was right and who was wrong. I'm sending you good vibes because good vibes are all that's in the budget. I'm Pete the planner. This is the Pete the planner show. All right, guys, that was lovely. All right, I have to go to drive downtown and take Brian pinkenson's shirt. So there you go. Kristen, excellent job guessing on big bomb this week. I mean, that was really your finest performance.
54:19
Damian Dunn
New year, new.
54:23
Peter Dunn
Right.
54:23
Damian Dunn
I also sit to the side.
54:24
Peter Dunn
You're fine. Dame, thank you for your work today. It was good to hang out with you yesterday.
54:30
Kristen Ahlenius
Good to see you. And great for show back.
54:33
Peter Dunn
Yeah. No, I agree. Me, Kristen, as people on the live stream know, right now, they are just looking at just at you.
54:40
Damian Dunn
Yes.
54:41
Peter Dunn
This is how I make you uncomfortable. All right, everybody. J o stay getting money.
