Peter Dunn: [00:00:00] Picture this Dame, hello Dame hold on hello, Dame. Hello, Pete. Kristen is gone this week off at a conference in which at the conference, a financial conference, she just won the rock, paper, scissors championship. That's what I'm told to believe. I will also note that at this said conference, she got recognized several times.
As the financial celebrity that she is. So that's good for her ego. So she's going to be a lot of fun when she comes back. Tremendous. Speaking of travel, Dame for those that have listened to the show for a while, the vaunted tale of when I was on an airplane, I was watching a movie that I'd been wanting to see on the seat back and it got to a very adult scene in which people were unclothed.
One, I didn't expect this to be the case cause I probably would not have watched that in public and be the pilot chose to make an announcement. And as on a flight, the screen freezes. And so [00:01:00] then it was a long announcement. And so it's just a nude person and all the people on the plane eyes went to my seat back and judged me as a creepy person.
Do you
Damian Dunn: remember this? Yeah, I think about it fondly and as a cautionary tale, whenever I am on a plane watching a movie, trying to figure out if this is going to have one of those potential moments.
Peter Dunn: So this week. When I was traveling to West Palm Beach on a day trip, 19 hour day on Wednesday, Dame left, did my thing in Florida, came back that day.
That's a long day. I was on a flight and there is a woman next to me who was watching Netflix on her iPad. Okay. So this is smart because if it were ever to, there was a pilot announcement, it would never freeze. So she's on her iPad and I'm working on my laptop and I notice I look over, there's a flesh toned color on the screen.
People like, [00:02:00] it could be a Baywatch. Maybe she was watching Baywatch. I don't know. Yeah. I don't know what she was watching, but I will note that the people did not have clothes on. And so I'm looking at it and I give her a look like Hey, you're creepy, because, and then she gives me this look right back of Hey.
You're creepy because I'm watching her nudity. It's hers. You know what I mean?
Damian Dunn: That's a tough sell for me. If you're watching that out in public and somebody is potentially judging you and your decisions, you can't judge that person right back because they're.
Peter Dunn: I'll just note this and this is where I need, our years of friendship and your honesty to poke through when it was me accidentally and then the pilot got involved.
I felt creepy when it was this woman who was voluntarily watching nudity. And I, the nudity caught my eye. She wasn't creepy, but I was [00:03:00] again, creepy. And I don't understand. You don't think so? I don't
Damian Dunn: think you were creepy at all. It's not your fault. She was watching in slow motion. I
Peter Dunn: don't know. And here's the other thing.
Then I'm sitting there, I'm working on a memo to some of our team members on my laptop, and I'm like, I'm at a work event, and this is inappropriate. I've almost had to get with Oz and report it. Hi everybody, welcome to Pete's Pony Show. Dave, with you know what's going on in the background of our show here, some decisions we're trying to make, and the idea that I may or may not have to become more professional on this show.
You wonder if stories like that will go to the wayside. So I think we have
Damian Dunn: Yeah, it's potential.
Peter Dunn: Yeah. Okay. Here's what we're going to do. We're going to do a show, a game. You have a game show for me to start. Yeah. Yeah. We also this week, and I know I'm going inside baseball. [00:04:00] We also discussed that it's possible that the show, our show, which is a show within a show could potentially become a show within a show.
And
Damian Dunn: that I love. Yeah, that's it's either Inception or Seinfeld. I'm just not sure which it is. It's exciting to
Peter Dunn: think about. Okay you got a game show. Could go one or two segments, right? Yeah, we'll see what happens. I switched Mike covers this week and I don't feel like I should tell people that for no particular reason, but it just came out of my mouth and I just, in full disclosure, new Mike this week.
And they're probably wondering why you just sound so amazing. Wow, it must be all that flying and the visual intrigue. So glad you went with intrigue and not stimulus. On a different note. One of my four flights on Wednesday. Where are we? We are in Atlanta, taxing to the runway to take off to come back to Indianapolis.
Taxing, taxing, all of a sudden the pressure in the plane starts [00:05:00] pulsing like the pressurization system. And you can hear the popping people's sinuses are popping. Their ears are popping and everyone, the plane's like grabbing their head. Arnold Schwarzenegger, like it's not a tumor. Like it's very and it felt like that.
And the pilot comes on is like our system failed. We're going to go back to the gate because if we take off in these conditions, your brains will be smashed. And so we go back to the gate, had to change planes. Like it was terrible.
Damian Dunn: Would it, did it feel kinda like when you're driving down the road and you crack one of your windows just a little bit and you get that,
Peter Dunn: No.
It was much, it was actually like medically worse. Like it, I it was bad. Yeah. What is that? The acoustics of when you crack one window and it goes,
Damian Dunn: it seems like that's a GPT question that we can look up later.
Peter Dunn: All right, dame. Let's do this. We're without Kristen. So the show's either going to be like amazing or terrible and probably nowhere in between.
Probably. [00:06:00] Okay. We almost said Doug on the show this week is Bitcoin as oh, so close to 100, 000. If it happens during the show, I'll go get him and he'll be on here.
Damian Dunn: If if we had a show
Peter Dunn: next week, I think he'd be on next week. Yeah, I think so too. He says he doesn't think it's gonna happen before the end of the month because of options, but whatever.
We're ready. In three, two, this week on the Pete the Planner show, we answer your money questions. Here's how the show works. You email us, askpete at pete the planner dot com. That's askpete at pete the planner dot com. And we will possibly answer your question. On the air when I say we today, Damian, Andrew done.
The kids call him dad. His kids call him daddy joins me now. Hello, Dame. Hello, Pete. So Dame Kristen is off this week winning the rock paper scissors world championship at a financial conference. This should surprise exactly. Nobody, we reimburse our colleagues for travel and or we just pay for the travel with our corporate cards.
And I thought, man, she's at a rock paper scissors [00:07:00] championship. I'm not sure we're paying for this one.
Damian Dunn: Yeah, we'll take one session out. And my question is, are those. Is that that reward she got? Is that become taxable? What was the reward? I didn't
Peter Dunn: see it. 60 bucks, 60. What a weird of, Hey, you want a parlor game?
Here's 73 one for rock, one for paper, one for scissors, 20s each. I don't know. Good thinking. All right. Dame you have designed a game show for this here financial show that people listen to on the radio podcast and live stream on the internet. So why don't you tell me about the show and host it? And I believe I'm the contestant.
Damian Dunn: Yeah, it's a dual dual participation. We're both going to chime in on these, but it's pretty simple concept. It is this or that financial addition. We're going to, I'm going to give you a couple of different items. I'm not going to give you a whole lot of context around them because I want you to try and just absorb it and think of, whatever comes to your mind first, you, you can contextualize your answer however you want to, but I'm going to ask you to pick this or that.
[00:08:00] Let's start with a super easy one to start just to get the ball rolling. All right, let's do that. Debit or credit card.
Peter Dunn: I can't believe I'm saying this. I'm saying credit card
Damian Dunn: I am too.
Peter Dunn: And here's why I used to be a hardcore Debit card guy. But all it takes is one act of malfeasance from someone else and you're in deep shit deep trouble. I'll even know years ago here at Advanced Planning Solutions.
I used to use my business debit card all the time with all the payroll money in that account. Then one day, nothing bad happened. I just woke up. I was like this is inherently stupid. So it's not for the points that I use credit cards. It's for the security of the money in my checking account.
What say you, Dame? I totally agree. I,
Damian Dunn: I love the idea of being able to limit yourself with the debit card, but [00:09:00] there's a lot of liability when you're using a debit card, especially these days and putting those numbers out there on the Internet with all of the hacking and data breaches that go on all over the place that you're safer to use the credit card.
And if you have a problem with credit card spending, reconsider how often you pay the credit card off. If you want to use it more like a debit card where you pay the bill Weekly instead of monthly, go for it. But it's really hard for me to come up with a good reason to choose a debit card over a credit card these days.
Peter Dunn: Yeah, it's not even, it's not without its risk. You can get yourself in trouble with credit cards, but I would never, ever enter a debit card number online. Ever. And to think about it, in terms of commerce, daily commerce, there is only two places I use my debit card. One, Costco, because you have to.
Oh, okay. Number two Bagel Fair, which is the local bagel shop who does not accept American Express, and [00:10:00] that's what I got. So I have to use my debit card there. You could
Damian Dunn: use cash.
Peter Dunn: What?
Damian Dunn: Maybe that should have been
Peter Dunn: the
Damian Dunn: third option
Peter Dunn: or cash. All right. So you do this or that. I chose that. And you also chose that.
Yep. I did. All right. So
Damian Dunn: let's expand this a little bit. This is technically a, this, that, or that, because there's three options here. High yield savings account, CD or government bonds.
Peter Dunn: High yield savings account, in my opinion, is probably the most versatile, but you at these days, you might get more yield on the government bonds potentially, but I'll go high yield savings account.
What do you think?
Damian Dunn: Yeah. For the sheer simplicity of the transaction. When I think of these three things, I'm trying to figure out what's a safe, short term place to stash some cash. There's nothing wrong with government bonds. In fact, as you indicated, Pete, I think there's a good likelihood that you're going to actually come out ahead.
If you're starting to buy longer term government bonds [00:11:00] right now that are going to hold that interest rate as they continue to drop as far as the rest of the rate environment continues to drop. But high yield savings accounts are just so easy. I taught it. I, I've talked to lots of people every week and anytime the topic of emergency funds comes up, high yield savings accounts are a for sure addition to that conversation unless they bring it up first.
Peter Dunn: And the thing is, you can sometimes get them at your local bank or credit union, whatever banking institution you use, but I'll just note anecdotally. I think any ones that I have are not with my main bank. They're at other places, usually online, of which I have to give my debit card to get on. Oh, no, at all, bro.
Dane, what do you think of the most archaic financial instrument of these three options are right now? A check. A CD or good old fashioned savings bonds. What do you think is the most antiquated, like useless thing? [00:12:00] Me too. Like why high yield savings accounts often pay more than the CD and you don't risk the liquidity challenges.
Damian Dunn: Yeah, the catch is, obviously, if you're in a declining interest rate environment, that if you lock in a CD for, three or whatever year period, you're going to earn more over the long run, but you could say the same about government bonds or government bond ETF or whatever, you're going to get better yield out of that, not have any liquidity challenges with that.
So high yield savings accounts, the rates typically are right around what you would anticipate getting. Thanks for joining me. And a CD, a longer term CD, yes, there is an interest rate risk that it'll go down if rates continue to fall, but you don't have to worry about it. Just go get your money and send it back to your checking account.
Use it however you need to, and then rebuild the account. You don't have to buy little CDs here along the way if you want, or wait to pool the money and buy a bigger CD at some point in the future. It's just so much more convenient.
Peter Dunn: I will say that I [00:13:00] think what sometimes people do with a CD, it's like they just tuck the money away.
And they like that they like the fact that it's compartmentalized kind of digitally. The weird thing is we all know money is digital at this point when it hits an institution, but there's something about a CD that feels like tangible, like it feels like your money is somehow in a CD.
deposit box and someone goes and just sneaks, sneak some pennies into it every once in a while. You've got a tangible investment in your hands. One more before the
Damian Dunn: break, this or that starring Dame Dunn. And nearly a hundred thousand dollars long or short Bitcoin.
Peter Dunn: Okay. Now you're just really. You're really getting aggressive here, okay
Damian Dunn: Short yeah, I think it's short too for the Shorter period of time.
I do. I think Bitcoin will be above 100, 000 [00:14:00] someday. Yeah, I do But I think it's gonna have a pretty serious pullback and I wish it would have been 100, 000 today So we could have asked Doug that same question
Peter Dunn: see Doug broke one of the rules of radio And he doesn't know cuz he's never been on here with us You He started telling me all the reasons why it's so great this morning out in the office.
And I was like, Doug, save it for the radio, man. And he had some compelling reasons of why this is just the beginning. This
Damian Dunn: is just the beginning. I still need to be convinced. I've looked into it. I've studied it. I've read up on it. And I still can't get behind it.
Peter Dunn: He gave me a very compelling argument.
I have to say this morning that I'm not going to steal his thunder, but that's why he shouldn't tell me because I will steal anyone's thunder. Yeah, I'm short. I like, here's the thing. Let's say it goes wild. I'm, I can accomplish the goals I want to accomplish in a different way. [00:15:00] And I'm okay with that.
That's how I, that's the long and short of it for me. That's it. It's just I already have a method I'm trying to accomplish things. I don't need the volatility risk of those instruments. Yeah, but just think of much more exciting you'd be if you did have it. Speaking of excitement, listen to some commercials.
We'll be back right after those commercials. I'm Pete the Planner at Worthington Industries. Mrs. Planner and I wish that was a fake commercial. Mrs. Planner and I were grocery shopping last Sunday. And two olds, we had some time. The kids were somewhere like, we're not going to the grocery.
Going to the grocery. There's an actual old couple in front of us. Like they're in their seventies, right? Not that's old. They're just older than us. They're old. And there was a holiday display, a candy display, and the guy picked up A large pack of Werther's. He goes you
Peter Dunn (3): look at the size of this!
And it was like, it was the most stereotypical thing [00:16:00] ever. Old guy bemused by Werther's.
Damian Dunn: Two questions. Who drove to the grocery store and then who pushed the cart? You're
Peter Dunn: the best. These are great questions. Number one, have we ever talked about driving with our partners in the car? How would you know?
Peter Dunn (2): No,
Peter Dunn: I always drive for a couple reasons, but the primary one is I get car sick if I'm not driving like that. Interesting. I drive number two. I would say I push the cart 70 percent of the time, but it's not an established thing per se. What would say you, what are yours? I
Damian Dunn: would say it's But I probably push the cart a little bit more frequently than 70 percent of the time.
But yeah, I drive if Mrs. Advice and I are going somewhere, I am 98 percent of the time we'll drive.
Peter Dunn: Yeah. And, look, I'm not going to go to the, I'm a better [00:17:00] driver out cause I don't necessarily believe that or that I just I just I'd rather drive and I don't think she cares.
Oh, Jameson says wife pushes cart because she wants to keep her purse on it. That's interesting, too. She won't let you push her purse around. Would you trust Jameson with your purse? Yeah, that's fair. No way. No way. You ready? Yeah, sure.
Damian Dunn: We're going to do here. Do you want to do another segment of this?
Do you got any more? I've got a few more. We might be able to make it through a segment here.
Peter Dunn: How no, let's do, I got a total pivot. Okay. Total. Pivot shocking.
Peter Dunn (3): I was at a meeting with Ben yesterday and we were talking to some other people at a different organization and I turned to Ben and me, I was like, Ben, I hate to put you on the spot. And he goes, no, you don't know. You actually
Peter Dunn: don't. You don't. Jason says he pushes the [00:18:00] cart because his wife would put not needs in it.
Oh, geez. That dude control. He's like the Kimba swatting marshmallows out of the cart. I pushed the cart with my wife's person at Chris. That's the sort of fellow you are. You're a good man. James is not to be trusted. Everyone knows this about him. Hi everyone else, Jen Danza, Cheryl, Michelle, Andy. I was like, where's Andy?
There's Andy. I get so sad when Andy's not here. I feel like if she's in, she's usually here, if she's not here, I'm like, we've lost Andy, not that like she's dead, but she's more of she doesn't listen to the show anymore. And it makes me feel sad about my life. Call mom big mistake to put Kurt person cart.
Lots of theft going on in Indy. How can you stay so calm mom? She doesn't put her purse in the car. Yeah. That's yeah, I'd be calm mom too. If I do you, does she use one of those money belts, like this 1980s flesh tone, cross body purses that you're supposed to use as you travel with your traveler's [00:19:00] checks?
I don't think we have to go
Damian Dunn: to the
Peter Dunn: flesh tone route. They are flesh tone, a money belt by definition. Every money belt I've ever worn is flesh toned. I've had how many of you worn none but, they're flesh toned. A lot of flesh tone references today here on the show. That's what I was thinking.
What happens when you're in your airplane? Some lady next to you is watching 55 shades of gray because it was wild. How
Damian Dunn: Kristen reviews the show every week. Do you think she makes it all the way through this one or does she just skip it since she's not involved? She usually listens back to the shows that she's on.
What'd she say? Three times. Yeah. She watches it. She listens to it. And then I think she translates it to braille.
Peter Dunn: Chris notes the recent next door post about Kroger announcing not to personal items and car because of thefts. Man, are people out there? Rick Swink has a money belt. Is it? We've got to know.
[00:20:00] Rick, you opened the door. Is it flesh? Don't we're going to need a picture of your flesh and the money belt. Yeah. Preferably use your arm with the money belt. Gosh, what are we doing? Oh, I have a hard out. We got to go in three, two. I'll figure out the topic as we go here. Here we go. Three, two, one. Back on the Pete, the planner show, talking all the things that we've planned to talk about all week long to help your personal finances go from a four.
Two of five on a 10 point scale game. I wrote a column for the Indianapolis business journal last week where I had a mea culpa about my relationship as a homeowner. Oh, I am not a good homeowner and I feel like it's a problem financially. So I want to walk through this idea with you that.
All of us have this tangential area of our life in [00:21:00] which our finances are impacted by our B minus relationship with that element. So for me, it's home ownership. Okay. Damn, I'm not going to endorse a particular company here, but I use a company to solve this. Okay? And we can talk about it.
Dame, here's my problem. As you may or may not know, I consider myself to have a very busy lifestyle. How I choose my, to spend my time when in my free time, it's not repairing my house. Our house is clean. It's very nice and livable, but there's just, it's 17 years old. issues, right? Trim outsides bad.
We recently, as we've noted here on this podcast, I've got a imperialist squirrel that moved into our attic, which is nuts and just like all sorts of things. So anyway I got introduced to this idea of what's called like a home concierge program. Okay. So what you do Is it becomes the person that thinks about [00:22:00] schedules, vets, quotes, all of those things.
And then coordinates all of that. You pay them a small fee, and they've got pre vetted vendors. Because my least favorite thing about being a homeowner, I've got two or three categories of trusted vendors, like contractors that I know. But there's so many, I don't, so I don't go down the path to search out to solve those challenges in my house because I don't know who to trust.
Anyway, I will stop there. Dame, does this sound crazy to you? Because you've got an older home too. And you somehow keep up on your stuff. Do
Damian Dunn: you? We're being completely transparent, there are some things that are starting to slip that are going ignored around, around the house.
Some things that I don't know if you've told yourself this over the years, you know what the kids are still young. I'm just going to wait until they get out of this phase and then maybe we'll repaint the walls or replace carpet or whatever that may be. And so [00:23:00] there's things that could use attention
Peter Dunn: around our homestead.
So here's the lie I've always told myself around this, and this is why it's financial. By the time Mrs. Planner and I move out of this home, we will both have we will both own it outright. And it will have doubled in value. Okay. So that's to say when I'm doing the math of deferred maintenance of, Oh, we're going to have to fix some stuff before we leave.
I think none of it's going to be out of my pocket. It's just gonna, we're just going to take it off the, the proceeds from the sale, but then I was like, If I'm strategically going that way, it seems like a wasted opportunity and possibly wasted money because those problems, some of them, especially if moisture gets involved, get worse and worse.
And Mrs. Planner and I said, all right, we are going to make this a concerted effort of our financial life to take this B minus. and turn it into something better. [00:24:00] For some people, this area I'm talking about might be your taxes, right? For other people, it might be your investing might be your insurance.
I think a lot of people have this relationship with insurance. It's just like it's a B minus. It's not great for us. It was housing.
Damian Dunn: Yeah. Insurance super common. A lot of people think they're doing great things with their own investments, which is debatable in some cases where you really could benefit from working with a professional to take some of the emotion and some of the false sense of security through some strategy that you've potentially given yourself as well.
So having a professional involved in your life and paying a reasonable fee for it can make a noticeable difference in, in your financial life, just as much as the
Peter Dunn: trim on your house. Again, this isn't a commercial. I'm not getting paid by the people I'm paying enough. It's called neighbor serve.
And what's interesting is they come out to your house and they do a full [00:25:00] inspection and then there's a website they have. What are you laughing at? It
Damian Dunn: was just like, man I don't think I'd like to see the results of,
Peter Dunn: yeah, no it's humbling. Yeah. And they do an inspection and then they just have like a project list and then they go and gather quotes for all of it.
And at first, My mind was at this place of okay this is going to cost tens of thousands of dollars, right? Oh my gosh. But there was some part of it that actually ended up making me feel better when I saw this list, because some of the things weren't as bad as we thought. And then the other thing is, at least it felt like you had a plan to attack these things and go down and, they give you a sort of estimates of how much longer they think this is going to last.
And it just made so much sense. And again, I, You and I have talked about this for so long. Convenience is exchanging money for time. I have more money than time right now. . And so I'm using some money to save time. And the time I'm saving is [00:26:00] finding contractors for these things that I just, it's, oh, I'm gonna have to go home from work.
I gotta meet this contractor. I gotta find another one. And who do you like, who do you try? And I'm just like, ah, it's too much.
Damian Dunn: Help me understand this relationship a little bit better. Is it, I understand what you've explained to me so far. Do they also serve as a quasi landlord type of relationship where you call them and say, Hey, this broke.
Yep. I need, we need to get this addressed as soon as possible. Yeah. I got locked out of my
Peter Dunn: house. Yeah, no, yeah, that you can use them in that capacity for sure. Okay. You have a text number and you just, Hey, I noticed this or that Hey, no problem. We'll get somebody on it.
Damian Dunn: Okay. Wow. It sounds intriguing.
I don't know how many times we've talked that the mortgage payment that you make every month is just the start of the cost of being a homeowner. It's not just a simple transaction because you've got all these. [00:27:00] Things that need to be maintained around the house. And if you have to try and figure out how to do that on your own, as you've discovered, and so eloquently put, it takes time.
And if you can't spare the time, these things get deferred and deferred and deferred. And before you know it, you've got some really big problems on your hand. So if there's a company out there that can help sort through this or a style of companies or a niche of companies that can help a homeowner sort through this for a reasonable fee.
It's really interesting concept.
Peter Dunn: You and I've talked about this idea for years. I was like, I like having a person for something. Yeah. Remember Jeff, the car guy? Yeah. He moved from Indiana to Iowa. So now, no, I, then I didn't have a car guy. And then you think about my relationship with cars in the last several years.
I hate it. Cause I don't have a person just tells me what to do on that. I'll also say the genius idea of this business idea for this concierge service is that they go and vet these contractors who then want to keep them happy. So they [00:28:00] keep getting served up amazing low acquisition business opportunities.
Damian Dunn: Are you paying? We're getting to the weeds. Are you paying a normal hourly rates for these companies or their negotiated rates? Do you have any idea? Yeah, they're discounted. Wow.
Peter Dunn: I know. Now here's the thing. And this is not my problem. This is not a business that. It is improved with technology, but I don't know if it scales on a massive level because it's about people in relationships and trust.
And I don't think digitally you can go, they can't take on 10, 000 customers. They just can't do that. But anyway, enough of this onto our stock picks of the year. One month to go. Who's doing well, who's not it's our annual rock, paper, scissors. That's next on the Pete Planner show. I'm Pete Planner.[00:29:00]
I will tell you what I pay for that service if you want to hear it, but I want you to guess. Frankly, I
Damian Dunn: would love to. Is it a, it's a monthly fee that you pay regardless of whether you use them or not, or is it annual? It's an
Peter Dunn: annual fee, but you can pay monthly.
Damian Dunn: 500 bucks.
Peter Dunn: No, it's a lot more than that.
1, 500 bucks. 1, 700 bucks. It's worth it to me. You know what I mean? Like it's it's, it is not bothersome to me. Is there,
Damian Dunn: is there a discount after the first year since they've got more labor involved with the home inspection and whatnot? Or is that just part of the I don't know. It's a good question.
Peter Dunn: I'll say this the way other way of justified it. Because I've justified about 10 different ways and what I, in a fair way is like the discounts they get on the services more than make up for the 1700 bucks. That's
Damian Dunn: where my mind was going. Is that if the, [00:30:00] if you have enough work done at discounted rates, then gosh, that seems like it's.
I don't want to say a no brainer because it's still 1700 bucks, which isn't nothing for a lot of folks. But goodness, if you could have somebody coordinate and quarterback all of that stuff, I would imagine if it's a multiple day job, do they are they the foreman for it? They make sure it's done to the right quality and all that, or is that,
Peter Dunn: no, they just, what they'll do is they'll say, Hey, how'd it go?
Like they'll follow with me a couple of days later, how'd it go? It went great. And then they'll, sometimes they'll leave an email. They'll be like, Hey, I know you got that quote. We're able to talk to them. Like it's really like high service. And by the way Chris and Andy were asking, it's, that's an annual expense.
I gave there not a monthly expense. Theoretically you could say, okay, I'm going to hire these people for a year and do everything and just crank it all out and just pay them once. Yeah, the more you're into it. It's like it's a house. It's a 17 year old house. There's always gonna be something I can get it up to speed at some point.
There's always gonna be something [00:31:00] like the coordinate lawn stuff if you want, like anything. Okay, squirrel removal. Oh, that squirrel is out. He is out. He hasn't even been around like the house at all. Like the outside. He was watching them seal the holes and he was angry and hegra, he had this little squirrel, like a nap sack.
Like a hobo stick. Yeah. Bundle of course. And he just scampered all I saw it. Andy wants to know about your birds, and if we're asking about your birds, I wanna ask about your mice. Birds haven't been an issue since they were
Damian Dunn: evicted. And the spot where they were nesting was. So birds are no longer an issue for me mice.
I was just wondering about Marvin this morning. I haven't seen Marvin in a while, which is weird because you'd think now that it's getting colder, I'd see him scamper around a little bit, but no more, no sightings of Marvin recently. [00:32:00] All right. You
Peter Dunn: got a hard out. Let's keep moving. Three, two, one, back on the Pete, the planner show Dame at the beginning of each year.
The hosts of this show make their annual stock picks. What a, what stocks are going to be the best, which one's going to be the worst and what is the S and P 500 going to do? This is for entertainment purposes only. It is not an investment advice. And the best picker of the three of us isn't here today.
She's out winning a rock paper scissors championship at a financial conference paid for by our organization. So again, we're questioning that. But anyway, Dame, can you give us an update with one month to go post election. What are the picks? How are they doing? Who's happy? Who's not? Let's go. Yeah, I think I think you
Damian Dunn: might have gotten ahead of yourself actually a little bit by saying the best picker among us is not here.
Oh, whoa. I did not expect that. Let's start with the winners. Pete do you remember who you picked for
Peter Dunn: the
Damian Dunn: [00:33:00] winner?
Peter Dunn: I feel like it's like a Holka mining or something like that. Heckla mining.
Damian Dunn: Yeah.
Known. Canadian coast to coast heckla mining. Pete, they're having a great year. You're absolutely crushing it.
Oh, They're up 30. 5%. Let's go. By the way, I do not own Hekla. This is for an I believe none of us own any of these things or put options out on any of these other than the S and P 500. Correct. Okay. I chose Delta Airlines. Okay. Things were a little shaky. At one point this year on Delta Pete Delta Airlines is up now up 59.
6 percent flying high Kristen has had the lead in this category all year for years yes, but bluebird buses Oh, with the Department of Education going away, is it going to take a hit? She is still in the lead. Remember, I have 59. [00:34:00] 6%. She is at 60. 6 percent here today. It's going to be a nail biter through the end of the year.
Plane versus bus? You would have picked like
Peter Dunn: Norfolk and Southern. We could have really done this right. Planes, trains, and automobiles? Correct. Wow. So I'm probably toast there, but you guys are going to battle it out to the end. I really think it's going to
Damian Dunn: be neck and neck for the rest of the year on this.
That's exciting. Yeah, we did it right. Look at us. We want, we got one right. How about the biggest loser? Kristen picked AMC. So she was the winner in the last one or leader in this one. We will start with her on the loser side. AMC movie theaters. They are down 18. 3 percent
Peter Dunn: year
Damian Dunn: to
Peter Dunn: date. And again, here's the thing about this selection.
Number one, it's not investment advice. We've covered that. Number two, it's a perverse game because you end up cheering for companies to struggle. And that means people aren't staying employed. So we understand that. So we try to take it [00:35:00] easy, but good job, Kristen, on choosing something that's down 18%.
Damian Dunn: For those of you just listening to this for the first time, that's Pete trying to cushion his own guilt at this point. I chose Beyond Meat for economic and philosophical reasons. It's been widely discussed on this show whenever we come up with stock picks. They're down 39. 2 percent
Peter Dunn: this year.
I will say this day. There are two things that I know can get you going government spending and then lab
Damian Dunn: grown meat. Yeah, it's fair. Yeah. Government spending slash taxes. And then lab grown meat. Those are two really good ways to start getting me cranked up.
Peter Dunn: Have you had any replacement animal products to eat yet in 2024?
Have you had any? Why would I do that? I'm just curious. If you're in a place and they're like we've got a veggie burger and you're like, okay, [00:36:00] no, I don't. I told you he gets upset.
Damian Dunn: It's just wrong. Why? Why would you replace beef with pork?
Peter Dunn: Soy something. Okay. Here's maybe a easier question.
If you're maybe easy eating like an Asian fare would you ever order tofu as a protein or is that also a hard no? I would avoid it if at all possible. Have you had tofu?
Damian Dunn: I believe somebody snuck it into one of my meals a couple times, but I do not actively seek out tofu Yeah, your brand is strong. Am I missing out?
Is tofu really all that? Are you having a tofu burger or beef if you have the choice, Pete?
Peter Dunn: Sometimes tofu is a nice change up if you're having like a tofu, like a stir fry or something like it's okay. Pete what it's cheaper to okay enough of [00:37:00] you
Damian Dunn: Anyway, you're getting very upset the biggest the biggest loser of our picks Pete's the winner on this one Big lots.
We all know that big lots of had some may they rest in peace. Yeah. They're no longer with us So technically I think you can still buy some of their shares on In pink sheets somewhere because it says you're only down 92 percent for the year, but we all it's 100 percent only. It's a symbolic only.
So
Peter Dunn: it's the one. That's a tough one. You never want to see that. But here's the thing. When we pick stocks for next year in January or whenever we do it, we're going to be looking for companies that we think are going to go bankrupt. Yeah, all
Damian Dunn: over again. And then we're going to have to give this this this explanation every time we talk about our picks.
Peter Dunn: I was at the airport this week. When I saw the news that spirit airlines filed for bankruptcy and I walked by the gate to spirit airlines [00:38:00] and I thought, man, wonder what it's like to get on a plane. Knowing that they just filed for bankruptcy. That's terrifying, right? Yeah. I probably would have asked kindly to be removed from that flight.
Do you really think, are you joking or do you mean that what do you think about this? Okay. Picture this, you're at the airport. You're going to go to the beyond meets annual shareholder meeting as, and as an activist investor and You got a nice deal at Spirit Airlines.
You get an alert on your phone and it says Spirit Airlines files for bankruptcy. And then you hear we're now boarding platinum gold premier diamond, and then that's your boarding group. What do you do? I
Damian Dunn: mean, in
Peter Dunn: reality,
Damian Dunn: I'd probably get on the plane, but there would be some genuine moments of reflection on whether or not it's in my best interest to do people are pulling out jobs at this point. It just seems like it's a potentially [00:39:00] really bad environment.
Peter Dunn: How about our S& P 500 predictions for the year? What did we guess and where are we right now with one month to go? I picked six because that's
Damian Dunn: who I am. Six percent. Yeah, six percent.
Kristen chose eight percent. Pete, ever the optimist, chose 14 percent. Year to date,
Peter Dunn: 25. 8 percent. Still time for me to be right. Look, what I've guessed the previous year, 22 or something like that. You're, it seems like you're always in the high teens, low 20s. I have been accused of being an eternal optimist.
I, can I make a suggestion for next
Damian Dunn: year? Sure, I don't have to accept it, but I'll listen to it. We add another category. We have four things that we guess on. Okay, what's the fourth? Bitcoin price at the end of the year. Oh lord. You're talking about I mean you talk about something where we are literally out of over our skis Yeah, that's true.
We're [00:40:00] just making a guess because there is some strategy and Understanding of how markets work and being able to find some of this stuff for some of these other things I feel like Bitcoin is really just A game of chance between the three of us at that point.
Peter Dunn: I think we need to listen to our resident Bitcoin expert Doug Collins.
Talk to us about Bitcoin before we make our predictions. I think that's fair. All right. So what should you learn from this? Number one, we're pretty good at this point. S and P 500 is tough to predict, but we are pretty good on the other ones. We know what's going to go up. We know what's going to go down and you should take none of that information and apply it to your own portfolios.
Dame, I am thinking for next year through the lens of a new presidential administration, what's going to do well and what's going to not do well. And I'm just telling you now, that's how I'm going to make my picks for January.
Damian Dunn: That's fair. I think I already know who you want to pick for your down for your loser.
Next year,
Peter Dunn: biggest waste of money of the week. And the news are next [00:41:00] amazing news items for us this week. Dame mediocre. Great. That's all next right here on the pizza planet show. I'm pizza planner. All right. We made up for downtime there.
Damian Dunn: Heather is someone, as you note, that was forced into a vegetarian lifestyle, veggie burgers and whatnot.
Please understand. I'm not poking fun at your situation at all. I would just much rather prefer to do. We have done them forever. Yeah, I get
Peter Dunn: that. That's fair. Yeah, I would eat those things, but I don't, I'm not like philosophically opposed to them.
I've got a pretty good bomb for you this week. I've been my bombs have been good. You have had some stellar bombs. All right, let's drop those bombs right now. Oh, [00:42:00] I haven't announced that. Okay, I'm re on retiring for comedy one night only in December. Okay.
Damian Dunn: No.
Peter Dunn: Yeah. Is
Damian Dunn: it the
Peter Dunn: same
Damian Dunn: gig that you did a few years
Peter Dunn: ago?
Last year. Yeah. It's my cousin Danny, the funniest member of the family. Sure. Puts together a show at Victory Field, Indianapolis Indians Victory Field. It's in the Suites area. We did a show last year. And we're, I'm we're doing it again this year. So we talked on the phone last night.
I'm in the show. What'd you sign? How, what's your set? How long is your set? I'm hosting. So not only do I get to do a set at the beginning, but then between everyone else's, I get to make up other stuff. Yeah. So it's perfect for you. It's perfect for me.
Damian Dunn: You can do five minutes up front and then get the show rolling.
Probably.
Peter Dunn: I might do five to 10 10 maybe. And then Danny was like do you have 10? And I was like, no, but I will like, yeah, we [00:43:00] do this show every week and we got nothing. Some weeks that's more obvious than others. I'm okay. Anyway, if you want tickets, I'll post them somewhere like the link if people are interested.
Anyway, it's on, what's the Friday, the December 20th, maybe sounds about right. Okay. Let's start in three, two, this week's biggest waste of money of the week, right here on the pizza plan show is the caviar Oracle Apple vision pro headset. Caviar is known for its ultra luxe takes on the iPhone. Now it's tackling the newest Apple gadget, the Vision Pro.
Dubbed the Oracle, it enhances Apple's already fancy headset with hand stitched leather, a 24 karat gold frame, customizable 24 keys. Carat gold side inserts and a 24 carat gold plaque [00:44:00] carrying the individual serial number limited to 49 pieces. Just for context aim, an Apple vision pro headset retails for 3, 499.
How much is the caviar Oracle Apple vision pro headset?
Damian Dunn: You said limited to 49 pieces. I'm going with 49, 000.
Peter Dunn: Oh, you guys usually guess under you guessed over this time, 26, 700. And I'm looking at it and you're looking at it there. It looks all right, but it's just man, what a waste.
Damian Dunn: It's just
Peter Dunn: fancy
Damian Dunn: ski goggles is what it looks like.
Peter Dunn: You do know one of our engineers now has a couple different AR headsets that he'll have here and it'll just be standing out there and he's just like moving our software around. And it's just, it's wild. I'm like, man, we hired the right guy. We've got an AR goggle guy.
I've
Damian Dunn: got the, some friends who have some air goggles and I've done a couple different things on them for the [00:45:00] right application. It's wild other stuff. It's. A total letdown.
Peter Dunn: Dan, what's in the news this week?
Damian Dunn: It's one banana, Pete. How much could it cost? Six million dollars. Six point two four million dollars.
That's how much the viral duct tape banana art piece Comedian sold for at the Sotheby's auction this week. It was purchased by crypto entrepreneur, easier for me to say, Justin's son, who beat out six rival bidders for the potassium prize. Here's the thing. The artist originally created this. And then the three more additions that he sold for 120, 000 to 150, 000 each.
And now it went and sold for six and a quarter million dollars. It's literally just a banana duct taped with one piece of duct tape
Peter Dunn (2): to a
Damian Dunn: drywall.
Peter Dunn: Is that just a flex? Is that what that is? It's just I have a lot of money, so I'm gonna do that. Like, why would you do that? I,
Damian Dunn: art is something I clearly don't understand.
Because [00:46:00] how somebody could look at this and say, yeah. I will spend six and a quarter million dollars on this. The same thing with NFTs. I didn't understand those either, which are sensibly about as valuable as a banana. And the same thing go bad. What's the, this is going to rot on the wall. Is it sealed in shellac or something?
What's the deal? The guy says he's going to eat it.
Peter Dunn: I didn't see that. Yeah, he's going to rip it off the wall and eat it. That's like the Banksy that dropped into the shredder. Yeah, now see, that's great. I think that was amazing. Yeah, I appreciated that one.
Damian Dunn: What else is in the news?
Google could be without its industry leading browser if the Department of Justice gets its way. This week, the Department of Justice officials will ask a judge who previously ruled Google Search was an illegal monopoly To force the company to sell Chrome in what would be a landmark moment for antitrust efforts in the U.
S., Bloomberg reported. But why Chrome? Regulators view the [00:47:00] browser, the world's most popular, as a key beachhead for users to access Google's search engine. There's still a long way to go before the Chrome less Google would be a reality. Google set up plans to appeal the case, and the judge won't make a final call until August of 2025.
Slow week at the Department of Justice. Apparently, it's week. It's a do you remember learning about monopolies and things broken up in high school? Like the all the baby bells and all that stuff. It's I'm probably forgetting something, but man It doesn't seem like we've had anything that significant until recently what I think is going to happen with some of the technology companies
Peter Dunn: Yeah, I know it's meant to keep prices down And the competitive nature of fairness and all these sorts of things, but like forcing Google to sell Chrome.
I just, again, I don't understand it. So I'll admit that, but I'm like, what I want. Who cares? Like, why would I just, if I build a business that was that big and that impactful, and then I had to [00:48:00] sell a piece off because it was too successful, it would drive me crazy. Pete
Damian Dunn: is for the billionaires. You heard it here first folks?
Peter Dunn: Yeah. Kind of
Damian Dunn: Pete have we discussed the McRib before? Oh, I believe we have, because I love a McRib. McDonald's announced the mythological McRib is coming back to participating in locations nationwide, December 3rd for a limited time. Does that mean that stocks go up according to a 2018 analysis by Nick? I can I always butcher his last name, Magley?
Yes it does. While acknowledging that a causation does not equal correlation, he found that the S& P 500 has a higher average daily return of roughly 7 basis points than on trading days when it's not available. In annualized terms, that translates to a 19 percent difference for the year.
Peter Dunn: That's crazy!
How long is it coming back for? Do we know this time? Doesn't say. This just says limited time. Where are you at on a micro rip? I've never [00:49:00] had one. Dude, they're all great. I was told they were made with tofu. You don't like pickles, do you? No, I don't. Nah, yeah, you gotta like pickles and raw white onion to really appreciate the McRib.
Yeah, maybe I'll give it a shot. I don't know. I don't know. Next time you're at the office here are you coming? If you're, if you come here before the end of the year, the McDonald's is right down there. I'll go get us some McRibs and we can we can film it. It'd be great. I wasn't planning on it, but I could be tempted to come down with 4
Damian Dunn: fake pork sandwich.
Great. What else? 400% That's the increase in check fraud last year, according to the Treasury Department. Scammers are increasingly using message boards and social media to promote low tech paper check cons and to figure out which banks to target next. By depositing altered checks and quickly withdrawing the cash, fraudsters exploit banks requirements to make the customer money available before fully verifying the checks.
Financial firms are racing to stay ahead of it. 400 percent, Pete, for something that, what do you think, [00:50:00] three quarters of our our team probably hasn't touched a checkbook in.
Peter Dunn: Because of my earlier point that it's such an antiquated tool, I'm not going to get into the blockchain and why digital currency can make more sense.
But we've solved that problem, you see the story that there's a ring? Of thefts coming out of South America around professional athletes where Patrick Mahomes and Travis Kelsey for the Kansas City Chiefs had a road game somewhere, so they find out where they live when they're on the road and then they go rob NBA and NFL players houses while they're at road games.
And it's like happening all over the place. And so they're just like, There was a big note that went out from the leagues of Hey, make sure to lock down your stuff on road games because there's a ring that's trying to steal all your stuff. That's crazy, right? Yeah, that's really crazy. And you also hear it and you think, [00:51:00]
Damian Dunn: why haven't people always done that?
Yeah, it was very easy. Exactly when people are going to be there and when they're not, and you've got a pretty good window. Yeah, that's, yeah, that's weird. Do you have any other news stories? I do. This percent peed Is the share of crop farmhands who aren't legally authorized to work in the United States, according to the Labor Department.
Man 40%? 42. Whoa! 42%. The agriculture industry is bracing for Trump's immigration crackdown because migrants do some of its most challenging jobs, such as picking fruit, operating machinery, and slaughtering livestock. Lobbying for the expanded use of temporary work visas and forging deeper ties with the job recruiters
Peter Dunn (3): The look on your face when you said slaughtering livestock was pretty great.
Yeah
Peter Dunn: We all know that's let me clear me clarify. We all know that industry is good at being big trouble
And [00:52:00] I'm gonna just let that go.
Damian Dunn: I have, there has to be some solution created for that on at least a temporary basis.
Peter Dunn: You think they're going to have a solution before they pull the trigger on that? No. Yeah. No way. No, no way. All right. Dame, this was fun. Wonder if Kristen does listen, I can't wait to read her show notes for us.
Cause she will send them. Yes Kristen will be back. Not next week. Cause it's black Friday and my birthday on black Friday. Yeah. Happy birthday anyway, to the rest of you sending good vibes. Cause good vibes are all it's in the budget. I'm Pete, the planner, the speed planner show. Here we go.
Damian Dunn: We did it.
What are you buying yourself this year? Pete, are you going to get up at three in the morning to go stand in line for a,
Peter Dunn: this is a good question. And I want to tell you why it's a good question. I am making some Black Friday purchases this year, but[00:53:00]
they're all online. They're all online. Like I, when I think about Black Friday, I don't even think about actual brick and mortar stores anymore. I just think about the deals online. So much more convenient. Dame, hopefully Kristen doesn't yell at us for this. I'm not holding my breath. All right.
Dame good luck with your life and everyone else stay getting money.
